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UBS (Lux) Strategy SICAV - Systematic Allocation Portfolio Defensive (USD) P-4%-mdist
ISIN no.:  LU1599185995
Category profile
UBS Systematic Allocation Portfolio Funds are designed as professionally managed delegation solutions. Investors can choose from three different strategies based on specific expected risk/return profiles: Defensive, Medium and Dynamic. The fund is actively managed and exibits a very flexible allocation based on the proprietary UBS WM CIO World Equity Market model. In addition to fixed income and equities, the funds also invest in alternative investments, thus enhancing diversification and broadening the set of investment opportunities.

Fund description
The fund invests globally and flexibly in a diversified range of mainly high-quality bonds, equities as well as alternative investments, including hedge funds.
The equity exposure varies decisively depending on the market situation and will normally be within a range of 0% and 30%. In deteriorating investment environments, the model reduces risk in the portfolio to lower equity exposure in downturns. In improving investment environments the model increases equity exposure.
The fund relies on the proprietary and quantitative UBS WM CIO World Equity Market model to determine the equity allocation and thereby avoids emotional human biases.
Foreign currencies are largely hedged versus the reference currency.
This share class distributes a constant percentage share of the NAV, not a constant amount.
This share class is designed for investors who want to profit from performance opportunities on the financial markets and at the same time wish more stable distributions at a specific percentage level to cover recurring liquidity needs.
As the distributions are substantial, this share class is not designed for investors who want to build wealth. The latter may prefer the accumulating share class.
This share class must not be seen as an alternative to a savings account or fixed-interest paying investments.
The percentage distribution rate of this share class is unrelated to the interest or other income generated in the fund. The distribution is a percentage payment of the current amount of investment.
It is possible that the distributions result in an erosion of assets and a reduction of invested capital.
This share class may distribute capital as well as income. There are potential negative tax consequences for some investors in some jurisdictions. See risk section below.

Key benefits
The fund participates in rising equity markets and aims to reduce risk during equity market drawdowns, which is well suited for clients who get nervous when markets start trending down and then focus more on reducing the downside.
The large decisive moves in risk via the equity allocation fits clients who don’t fancy small tactical adjustments, but rather look for significant allocation changes as answer to changing market environments.
The investment strategy is driven by pre-defined rules. This quantitative approach is using the innovative and proprietary UBS WM CIO World Equity Market Indicator and aims to avoid human decision error or bias.

The fund invests in bonds of varying credit quality and equities on a global basis, as well as in alternative forms of investment such as hedge funds. It may therefore be subject to fluctuations in value. The quantitative model is expected to be less effective during periods without notable upswings or downturns. The fund may use derivatives which can reduce investment risk or give rise to additional risks (inter alia the counterparty risk). The fund can invest in less liquid assets that may be difficult to sell in the case of distressed markets. It therefore cannot be ruled out that the daily issue and redemption of fund units may be suspended temporarily. The value of a unit may fall below the purchase price. This requires an elevated risk tolerance and capacity. Every fund reveals specific risks, a description of these risks can be found in the prospectus. The monthly 4%-mdist distributing share classes may distribute capital as well as income. It is possible that the distributions result in an erosion of assets and a reduction of invested capital. There are potential negative tax consequences for some investors in some jurisdictions. Investors in some jurisdictions may incur a higher rate of tax on distributed capital than on any capital gains which are realised on disposal of fund shares. Some investors may therefore choose to invest in the accumulating (-acc) instead of the distributing (-dist) share classes. Investors may be taxed at a later point in time on income and capital arising on accumulating (-acc) share classes compared to distributing (-dist) share classes. Investors should seek their own tax advice.

Product features
Product category
UBS Asset Allocation Funds
UBS Systematic Allocation Portfolio Funds
Product domicile
Portfolio management
UBS Asset Management
Fund management
UBS Fund Management (Luxembourg) S.A.
Custodian bank
UBS Europe SE, Luxembourg Branch
Day of inception
May 31, 2017
Currency of account
Close of financial year
May 31
Issue / redemption
Open end
Management fee
1.06% p.a.
Swing pricing
Minimum investment
Cut-Off Time
13:00h (CET)

Current data
Net asset value
High - last 12 months
Low - last 12 months
Assets of the unit class in mn
Total product assets in mn

ISIN no.
Bloomberg Ticker

Performance chart (USD-based, as of September 19, 2018)
Indexed, Month-end values
Performance chart (USD-based, as of September 19, 2018)

Past performance is not a reliable indicator of future results.

Performance (in %, as of September 19, 2018)
in %
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.
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
For marketing and information purposes by UBS. UBS funds under Luxembourg law. 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 in a language required by the local applicable law free of charge from Northern Trust Global Services Limited, Luxembourg Branch, 6, rue Lou Hemmer, L-1748 Senningerberg or from UBS Europe SE, Luxembourg Branch, P.O. Box 2, L-2010 Luxembourg. The fund documentation is available free of charge in English and, where relevant, in one of the local language(s) where the fund is registered. 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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