UBS US Equity Defensive Covered Call SF UCITS ETF USD dis SOFR+4%

The UBS FS US Eq Defensive Cvrd Call SF ETF aims to mirror the performance of the US Equity Defensive Covered Call Index by using a swap agreement. To do this, the fund’s underlying portfolio is composed mainly of G10 government bonds, supranational bonds, and cash. These assets are provided as collateral by the swap counterparty, allowing the fund to passively replicate the defensive US equity strategy that includes covered call options. This approach ensures the fund follows the intended index performance through a stable and diversified bond and cash foundation.