UBS (Irl)F.S-Eur.Eq.Def.P.Wr.SF UE A/  IE00BLDGHT92  /

The objective of the Fund is capital appreciation. The Fund tracks the daily performance of an equity index, called the Euro Equity Defensive Put Write index (the 'Index'), less fees and costs and consequently is passively managed. The Fund invests in financial derivative instruments ('FDIs') with UBS AG, London Branch ('UBS') as counterparty. The Fund may also invest in securities (e.g. company shares and bonds issued by companies and governments). Under the terms of the FDIs, the performance of the Index is swapped from UBS to the Fund, and in return the performance of the securities is swapped from the Fund to UBS - consequently, the Fund's performance reflects the performance of the Index and is not impacted by the performance of the securities. The Index is designed to reflect the performance of a strategy which consists of: a) depositing money and earning a short-term interest rate (which maybe negative) and b) selling put options on the EURO STOXX 50® Index (the 'Underlying Index'). The seller of a put option on the Underlying Index receives a cash premium from the buyer, and in return the option buyer has the right to sell the Underlying Index at a fixed price in the future to the option seller. More information on the Index is available at www.solactive.com. The Fund does not invest directly in the short-term deposit, or sell put options - instead the Fund achieves these exposures indirectly using FDIs. As a result of fees and costs, the performance of the Fund on any day may be less than the performance of the Index on that day. Sustainability risks are not systematically integrated as they are not considered as part of the Index selection process. The return of the fund depends mainly on the performance of the tracked index.

The objective of the Fund is capital appreciation. The Fund tracks the daily performance of an equity index, called the Euro Equity Defensive Put Write index (the 'Index'), less fees and costs and consequently is passively managed. The Fund invests in financial derivative instruments ('FDIs') with UBS AG, London Branch ('UBS') as counterparty. The Fund may also invest in securities (e.g. company shares and bonds issued by companies and governments). Under the terms of the FDIs, the performance of the Index is swapped from UBS to the Fund, and in return the performance of the securities is swapped from the Fund to UBS - consequently, the Fund's performance reflects the performance of the Index and is not impacted by the performance of the securities.