UBS (Lux) Strategy Fund

2. In assessing the eligibility of an issuer, there is a dependence upon information and data from external research data providers and internal analyses, which may be subjective, incomplete, inaccurate or unavailable. As a result, there is a risk of incorrectly or subjectively assessing a security or issuer or there is a risk that the Funds could have exposure to issuers who do not meet the relevant criteria. In addition, there is a lack of standardized taxonomy of ESG investments.

3. The Funds may gain exposure to their investments via collective investment schemes in which case the Funds will not have control of the investments of the underlying funds and will be subject to the risks associated with the underlying funds, particularly where the Funds predominantly invest in underlying funds.

4. In respect of unit class with “-mdist” in their name, dividends may be paid out of capital which may result in an immediate reduction of the net asset value per unit. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment.

5. The distribution amount and net asset value of the hedged class of units may be adversely affected by differences in the interest rates of the reference currency of the hedged class and each of the Fund’s base currency, resulting in an increase in the amount of distribution that is paid out of capital and hence a greater erosion of capital than other non-hedged classes.

6. Unit classes with a fixed percentage in their names do not distribute a fixed amount. The absolute distributions received by investors may vary from month to month depending on the net asset value of each of the Fund as of the end of the month.

7. This investment may involve risks that could result in loss of part or entire amount of investors’ investment.

8. Investors should not invest in the Funds solely based on this document and should read the relevant offering documents for further details including risk factors.

9. Investors are responsible for their investment decisions and should seek independent financial and professional advice if required.

Important information for UBS (Lux) Strategy Fund – Fixed Income Sustainable (USD)*

1. The Fund invests at least 70% of its net assets in bonds. The Fund may invest directly and/or indirectly in high yield bonds, emerging market bonds and commodities.

2. At least 70% of the Fund’s net assets are allocated to investment strategies that (i) take account of environmental and/or social considerations or aim to make sustainable investments or to reduce carbon emissions, and (ii) are subject to the Portfolio Manager’s sustainability focus strategy.

3. The Fund’s investments may be subject to risks associated with a sustainable investment focus, investing in other collective investment schemes/funds, debt securities, equities, currency, Renminbi, emerging markets, instruments with loss-absorption features, securities lending transactions and active currency positions.

4. The Fund’s investments in debt securities may be subject to credit/counterparty risk, interest rate risk, volatility and liquidity risk, downgrading risk, valuation risk, credit rating risk and below investment grade or unrated risk.

5. The Fund may use financial derivative instruments for investment management and hedging purposes. The Fund does not intend to use financial derivative instruments extensively for investment purposes. The Fund’s net derivative exposure may be up to 50% of the Fund’s net asset value.

Important information for UBS (Lux) Strategy Fund – Yield Sustainable (USD)*

1. The Fund invests at least 15% of its net assets in equity securities and up to 85% of its net assets in bonds. The Fund may invest directly and/or indirectly in high yield bonds, emerging market bonds and commodities.

2. At least 70% of the Fund’s net assets are allocated to investment strategies that (i) take account of environmental and/or social considerations or aim to make sustainable investments or to reduce carbon emissions, and (ii) are subject to the Portfolio Manager’s sustainability focus strategy.

3. The Fund’s investments may be subject to risks associated with a sustainable investment focus, investing in other collective investment schemes/funds, asset allocation strategy, debt securities, equities, currency, Renminbi, emerging markets, instruments with loss-absorption features, securities lending transactions and active currency positions.

4. The Fund’s investments in debt securities may be subject to credit/counterparty risk, interest rate risk, volatility and liquidity risk, downgrading risk, valuation risk, credit rating risk and below investment grade or unrated risk.

5. The Fund may use financial derivative instruments for investment and hedging purposes. The Fund’s net derivative exposure may be up to 50% of the Fund’s net asset value.

Important information for UBS (Lux) Strategy Fund – Balanced Sustainable (USD)*

1. The Fund invests at least 30% of its net assets in equity securities, and up to 70% of its net assets in bonds. The Fund may invest directly and/or indirectly in high yield bonds, emerging market bonds and commodities.

2. At least 70% of the Fund’s net assets are allocated to investment strategies that (i) take account of environmental and/or social considerations or aim to make sustainable investments or to reduce carbon emissions, and (ii) are subject to the Portfolio Manager’s sustainability focus strategy.

3. The Fund’s investments may be subject to risks associated with a sustainable investment focus, investing in other collective investment schemes/funds, asset allocation strategy, debt securities, equities, currency, Renminbi, emerging markets, instruments with loss-absorption features, securities lending transactions and active currency positions.

4. As the Fund focuses on ESG investments, the value of the Fund may be more volatile than that of a fund having a more diverse portfolio of investments.

5. The Fund may use financial derivative instruments for investment management and hedging purposes. The Fund’s net derivative exposure may be up to 50% of the Fund’s net asset value.

Important information for UBS (Lux) Strategy Fund – Growth Sustainable (USD)*

1. The Fund invests at least 55% of its net assets in equity securities and up to 45% of its net assets in bonds. The Fund may invest directly and/or indirectly in high yield bonds, emerging market bonds and commodities.

2 .At least 70% of the Fund’s net assets are allocated to investment strategies that (i) take account of environmental and/or social considerations or aim to make sustainable investments or to reduce carbon emissions, and (ii) are subject to the Portfolio Manager’s sustainability focus strategy.

3. The Fund’s investments may be subject to risks associated with a sustainable investment focus, investing in other collective investment schemes/funds, asset allocation strategy, debt securities, equities, currency, Renminbi, emerging markets, instruments with loss-absorption features, securities lending transactions and active currency positions.

4. As the Fund focuses on ESG investments, the value of the Fund may be more volatile than that of a fund having a more diverse portfolio of investments.

5. The Fund may use financial derivative instruments for investment management and hedging purposes. The Fund’s net derivative exposure may be up to 50% of the Fund’s net asset value.

* Please note that these funds have been renamed and repositioned with effect from 15 November 2021 – For more information, please refer
to footnote 3.