Increase in fees of UBS (Lux) Money Market Sustainable Fund
We have been notified of a change in Flat and Management Fees in relation to the CHF and EUR share classes of the UBS (Lux) Money Market Sustainable Fund (the “Fund”). These changes will take place on 8 February 2023 (the “Effective Date”).
AVAILABLE IN OUR DEFINED FUND RANGE PRODUCTS
The Fund can be found in our defined fund range products Oracle, Paragon, Lifeplan, Protected Lifestyle, Quantum and Regular Savings Plan (including Malaysia variants).
SUMMARY OF THE CHANGES
As of the Effective Date, the following changes will be made to the Flat and Management Fees of the EUR and CHF share classes of the Fund:
| Change in Flat Fee | |
|---|---|
| UBS (Lux) Money Market CHF Sustainable P Acc (LU0033502740) | increasing from 0.05% to 0.20% |
| UBS (Lux) Money Market EUR Sustainable P Acc (LU0006344922 | increasing from 0.05% to 0.30% |
| Change in Management Fee | |
|---|---|
| UBS (Lux) Money Market CHF Sustainable P Acc (LU0033502740) | increasing from 0.04% to 0.16% |
| UBS (Lux) Money Market EUR Sustainable P Acc (LU0006344922 | increasing from 0.04% to 0.24% |
These increases however do not exceed the maximum fee percentages currently specified in the fund Prospectus.
Plan owners do not need to take any action if they are happy with the above changes on the Fund. However, they can switch to an alternative fund available to their plan, free of charge, should they wish to.
We have contacted impacted plan owners, or their appointed investment advisor; primarily by email, with letters sent by post to those who have requested such, or where we do not hold valid email details. A sample of the Plan Owner letter can be found opposite.
AVAILABLE IN OUR OPEN-ARCHITECTURE PRODUCTS
The Fund can be accessed through our portfolio bonds and will be subject to the changes detailed in the UBS notification opposite.
For more information regarding UBS Funds visit: www.ubs.com/funds