UBS EUR AAA CLO UCITS ETF EUR acc

The UBS EUR AAA CLO UCITS ETF sub-fund aims to provide investors with a total return, taking into account both capital appreciation and income returns by investing in AAA-rated collateralized loan obligations. This sub-fund is actively managed and uses the J.P. Morgan European Collateralised Loan Obligation Index AAA sub-set (€-CLOIE AAA) as a reference for portfolio construction, performance comparison and risk management but is not constrained by it. The majority of the sub-fund's securities will be components of the benchmark. The return of the fund depends primarily on the development of interest rates and creditworthiness of the issuers and the interest income. The return may also be affected by currency fluctuations, where active or unhedged positions exist. Investors other than Authorized Participants may not subscribe shares directly with UBS (Lux) Fund Solution, but may purchase and sell shares, through an intermediary, on one of the stock exchanges listed for the share class on the website www.ubs.com/etf. Direct redemptions with UBS (Lux) Fund Solutions are however possible on each business day in Luxembourg. Authorized Participants may subscribe and redeem shares with UBS (Lux) Fund Solutions under the conditions detailed in the relevant Authorized Participant Agreement. Fund income is not paid out, but instead will be reinvested.