UBS(Lux)B.S.-Asian HY.(USD)IA3 a.USD/  LU2177575094  /

The actively managed sub-fund invests primarily in high-yield corporate bonds from debtors in Asia that must meet strict criteria. It can also invest opportunistically in Asian local currencies. 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 primarily in high-yield corporate bonds from debtors in Asia that must meet strict criteria. It can also invest opportunistically in Asian local currencies.