UBS(Lux)B.F.-Eu.HY.(EUR) P-midst EUR/  LU0417441200  /

The actively managed sub-fund invests mainly in high-yield corporate bonds denominated in euros issued by borrowers that must meet strict selection criteria. The sub-fund uses the benchmark ICE BofAML EUR High Yield 3% Constrained Index as a reference for portfolio construction, performance comparison and risk management purposes. Although a portion of the portfolio may be invested in the same instruments and at the same weightings as the benchmark, the Portfolio Manager is not bound by the benchmark when selecting instruments. In particular, the Portfolio Manager may, at its discretion, invest in bonds of issuers not included in the benchmark and/or structure the proportion of investments in sectors differently from their weighting in the benchmark in order to take advantage of investment opportunities. In times of high market volatility, the sub-fund's performance may therefore deviate significantly from the benchmark.

The actively managed sub-fund invests mainly in high-yield corporate bonds denominated in euros issued by borrowers that must meet strict selection criteria. The sub-fund uses the benchmark ICE BofAML EUR High Yield 3% Constrained Index as a reference for portfolio construction, performance comparison and risk management purposes.