Further increase in fees of UBS (Lux) Money Market Sustainable Fund
We have been notified of a further increase in the Flat and Management Fees in relation to the EUR share class of the UBS (Lux) Money Market Sustainable Fund. (the “Fund"). These changes will take place on 9 March 2023. (the Effective Date”)
AVAILABLE IN OUR DEFINED FUND RANGE PRODUCTS
The Fund can be found in our defined fund range products Oracle, Paragon, Quantum, Regular Savings Plan (Including Malaysia Variants), Lifeplan, Protected Lifestyle and Kudos.
SUMMARY OF THE CHANGES
Further to our communication of 07 February 2023 regarding the change of Flat and Management Fee in relation to the UBS (Lux) Money Market Sustainable Fund (the “Fund”), we have been notified of a further increase to these fees. The change will take place on 09 March 2023 (the “Effective Date”).
| Change in Flat Fee | |
|---|---|
| UBS (Lux) Money Market EUR Sustainable P Acc (LU0006344922) | increasing from 0.30% to 0.40% |
| Change in Management Fee | |
|---|---|
| UBS (Lux) Money Market EUR Sustainable P Acc (LU0006344922) | increasing from 0.24% to 0.32% |
These further increases do not however exceed the maximum fee percentages currently specified in the fund Prospectus (to a maximum 0.50% Flat Fee, and 0.40% Management Fee).
Plan owners do not need to take any action if they are happy with the above changes on the Fund. However, they can switch to an alternative fund available to their plan, free of charge, should they wish to.
We have contacted impacted plan owners, or their appointed investment advisor; primarily by email, with letters sent by post to those who have requested such, or where we do not hold valid email details. A sample of the Plan Owner letter can be found opposite.
For more information regarding UBS Funds visit: www.ubs.com/funds