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UBS (Irl) Alternative Solutions plc - A&Q Diversified Alternative Portfolio UCITS (USD) P-acc
ISIN no.:  IE00BYZCB270
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Overview  
Category profile
UBS Hedge Funds are innovative products that offer the optimum combination of the most promising hedge funds worldwide, covering a variety of investment styles and strategies. In this way, these funds of hedge funds target a positive absolute return over the long term whilst maintaining a low correlation to traditional asset classes and keeping volatility moderate. Thanks to a mix of different strategies and fund managers, this fund-of-funds structure allows for higher risk diversification than is possible with an investment in an individual hedge fund.

Fund description
The Fund seeks to invest in a diverse set of liquid alternative investment strategies (i.e. asset classes other than stocks, bonds, and cash).
The strategy is implemented via UCITS funds and daily liquid systematic strategies (“QIS”) that typically apply a rules-based approach to investing across a variety of asset classes (e.g. equities, fixed income, currencies, and commodities) and styles (e.g. momentum, carry, value).

Key benefits
Access to alternative return streams in a daily liquid format
Diversification and risk reduction potential when included in a traditional long-only portfolio with potential for enhanced returns
Provide exposure to systematic strategies not typically available in daily liquid funds in a low cost, transparent format, providing diversification through access to a broader set of strategies and increased ability for tactical portfolio adjustments

Risks
All securities investments present a risk of loss of capital. The identification of Eligible Collective Investment Schemes and their ability to find attractive investment opportunities involves a high degree of uncertainty. The Fund will use derivatives including swaps, which are inherently volatile and could potentially lead to additional risk should the market move in the opposite direction to the strategy. Please refer to the Fund's Offering document for a comprehensive discussion of risks.

Product features
Product category
UBS Alternative Funds
UBS Hedge Funds
Product domicile
Ireland
Portfolio management
UBS Hedge Fund Solutions LLC
Fund management
Lantern Structured Asset Management Limited
Custodian bank
J.P. Morgan Bank (Ireland) Plc
Representative for products established under foreign law
UBS Fund Services (Luxembourg) S.A.
Day of inception
July 15, 2016
Currency of account
USD
Close of financial year
December 31
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Management fee
1.70% p.a.
Swing pricing
yes
Minimum investment
n.a.

Current data
Net asset value
USD99.45
06/12/2017
High - last 12 months
USD100.13
05/09/2017
Low - last 12 months
USD96.99
12/12/2016
Assets of the unit class in mn
USD1.28
06/12/2017
Total product assets in mn
USD67.47
06/12/2017

Symbols
ISIN no.
IE00BYZCB270
Bloomberg Ticker
UBADPPU ID

 
Performance chart (USD-based, as of December 6, 2017)
Indexed, Month-end values
Performance chart (USD-based, as of December 6, 2017)

Past performance is not a reliable indicator of future results.

Performance (in %, as of December 6, 2017)
in %
1
year
3
years
5
years
since
15/07/2016
USD
2.20
-
-
-0.55
The performance shown does not take account of any commissions, entry or exit charges.
These figures refer to the past. Past performance is not a reliable indicator of future results.
Peer group (as of November 30, 2017)
 
1
year
3
years
5
years
Fund (USD, in%)
1.53
-
-
Ø peer group (in %) 1)
13.02
-
-
Quartile ranking 2)
4
-
-
1)  Average performance Lipper Global Classification (LGC)
2)  Quartile 1,2,3,4; e.g.: 1= fund is part of the best 25% of all funds of the peer group
Peer group information. Peer group category used: LGC Alternative Multi Strategies, based on mutual funds in the "MSCI Europe Developed Markets Universe" ex institutional and insurance funds, ETF's and Pension Trusts. Source and calculation: Lipper, a Thomson Reuters Company

By investment domicile (in %, as of November 30, 2017)
Chart

By investment instrument (in %, as of November 30, 2017)
Chart

By the 10 largest positions (in %, as of November 30, 2017)
QIS - Commodity - Carry - Intra Curve Carry
12.00
MW Liquid Alpha Fund
11.60
Boussard and Gavaudan Absolute Return
8.90
QIS - Commodity - Liq. - Curve Negative Roll Yield
8.89
QIS - Equity - Carry - Dividend Carry
8.18
Legg Mason Western Asset Macro Opport. Bond Fund
7.92
Lyxor Tiedemann Arbitrage Strategy Fund
7.91
QIS - Fixed Income - Carry - Forward Rate Bias
7.32
QIS - Equity - Carry - Volatility Arbitrage
3.53
Millburn Diversified UCITS Fund
3.43
Additional fees (e.g. entry or exit fees) may be charged by the Distributor. Please refer to your financial adviser for more details. For a definition of financial terms refer to the glossary available at www.ubs.com/glossary.
For marketing and information purposes by UBS. Prospectuses, simplified prospectuses or key investor information, the articles of association or the management regulations as well as annual and semi-annual reports of UBS funds are available free of charge from UBS Fund Services (Luxembourg) S.A., P.O. Box 91, L-2010 Luxembourg or from UBS Europe SE, Luxembourg Branch, P.O. Box 2, L-2010 Luxembourg. Before investing in a product please read the latest prospectus carefully and thoroughly. Units of UBS funds mentioned herein may not be eligible for sale in all jurisdictions or to certain categories of investors and may not be offered, sold or delivered in the United States. The information mentioned herein is not intended to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not a reliable indicator of future results. The performance shown does not take account of any commissions and costs charged when subscribing to and redeeming units. Commissions and costs have a negative impact on performance. If the currency of a financial product or financial service is different from your reference currency, the return can increase or decrease as a result of currency fluctuations. This information pays no regard to the specific or future investment objectives, financial or tax situation or particular needs of any specific recipient. The details and opinions contained in this document are provided by UBS without any guarantee or warranty and are for the recipient's personal use and information purposes only. This document may not be reproduced, redistributed or republished for any purpose without the written permission of UBS AG. Source for all data and charts (if not indicated otherwise): UBS Asset Management
Source for all data and charts (if not indicated otherwise): UBS Asset Management
No responsibility is taken for the correctness of the information provided above.

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