On November 26, 2015, we aim to achieve a further milestone with the listing of UBS Direct Urban on the SIX Swiss Exchange. UBS Direct Urban will therefore be the second direct-investing UBS real estate fund to be made accessible to a wide public. The broadly-diversified portfolio, comprising 10 properties, has been built up with a solid performance record over the past three years, and now has a portfolio volume of circa CHF 254.1 million.