Maximum current income consistent with liquidity and the preservation of capital.
|Minimum Initial Investment||$50 million2|
Aaa-mf Moody's rating3
AAAmmf Fitch Rating4
NAIC Approved List5
Investment: 5:00 p.m (ET)
Redemption: 5:00 p.m. (ET)
|Weighted Average Maturity (Days)10|
|Weighted Average Life (Days)10|
|Net Portfolio Assets ($)11|
The fund is a money market fund and seeks to maintain a stable price of $1.00 per share. The fund has adopted a policy to invest 99.5% or more of its total assets in cash, government securities, and/or repurchase agreements that are collateralized fully (i.e., collateralized by cash and/or government securities) in order to qualify as a "government money market fund" under federal regulations. In addition, in order to be a "Treasury" fund, under normal circumstances, the fund seeks to achieve its objective by investing at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in securities issued by the US Treasury and in related repurchase agreements. Under normal circumstances the fund expects to invest substantially all of its assets in securities issued by the US Treasury and in related repurchase agreements.
Robert Sabatino, Managing Director
David J. Walczak, CFA, FRM, Executive Director
1"Daily liquid assets" is a term defined in US SEC Rule 2a-7 (which governs money market funds) and includes cash, direct obligations of the US government and securities that mature or are subject to a demand feature exercisable and payable within one business day.
2Lower minimums are available for clients of UBS Financial Services Inc. Please contact your UBS representative for more information.
3The Fund is rated Aaa-mf by Moody's, indicating its belief that the Fund has a very strong ability to meet the dual goals of providing liquidity and preserving capital. Further information regarding Moody's rating methodology may be found on its website at www.moodys.com.
4The Fund is rated AAAmmf by Fitch Ratings, which reflects Fitch's view of (1) the fund's overall credit quality and diversification; (2) low exposure to interest rate and spread risk; (3) holdings consistent with shareholder profiles and concentrations; and (4) maturity profiles consistent with rating criteria. Further information regarding Fitch's rating methodology may be found on its website at www.fitchratings.com.
5The National Association of Insurance Commissioners (NAIC) Class 1 List includes money market funds that meet certain criteria including: maintaining a rating of Am or better from Standard & Poors's or a rating of A or better from Moody's or equivalent, maintaining a constant net asset value of $1.00 at all times, allowing a maximum of seven-day redemption of proceeds and investing at least 95% of total assets in high quality securities as specified by the NAIC. For further information regarding the NAIC Approved List may be found at www.naic.org.
6Broker-dealers and other intermediaries through which the fund shares are offered may impose different cut off times/notice requirements than those reflected.
7Unsubsidized yield refers to the yield before waivers/reimbursements.
8Dividend factor represents the daily dividend amount per share. On Fridays and/or before non-business holidays, the dividend factor is increased to reflect the anticipated accrual of dividends on subsequent non-business days of the same month. Shares earn dividends on the day they are purchased but do not earn dividends on the day they are sold.
9Based upon latest strike price.
10Weighted average maturity and weighted average life information pertains to the relevant "master fund," not just the "feeder fund" named.
11Assets are quoted in USD/millions. Net Portfolio Assets represented are for the respective "master fund." The Fund is a "feeder fund" that invests in individual money market securities through a related "master fund." Please see the Fund's prospectus for more information.
UBS Asset Management reserves the right to implement fee waivers/expense reimbursements for the funds listed above. Please refer to a fund's prospectus for further information. You may obtain a prospectus by accessing the "Documents" tab at the top of this webpage or click here.
Prior to October 2, 2023, the Fund may be subject to the possible imposition of a liquidity fee and/or temporary redemption gate should certain triggering events occur. Effective October 2, 2023, the Fund may no longer impose a redemption gate (except under extraordinary circumstances as part of a liquidation), and the Fund may be subject to a liquidity fee if the Fund’s board believes such fee is in the best interests of the Fund.
"Institutional" funds are available to investors (such as corporations, partnerships, endowments, foundations, government entities and individuals) meeting certain criteria as noted in fund offering documents (e.g. minimum initial investment of $99 million for UBS Select Prime Preferred Funds).
Mutual funds are sold by prospectus, which includes more complete information on risks, charges, expenses and other matters of interest. Investors should read the prospectus carefully before investing. You may obtain a prospectus by selecting the "Documents – All Funds" tab on the navigation bar above and clicking the "PDF" link under the column "Prospectus" in the row for that particular fund.
Performance data quoted represent past performance, and the Fund's yield will fluctuate. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted.
Current and future portfolio holdings are subject to risk.
You could lose money by investing in the Fund. Because the share price of the Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. Also, the Fund may impose a fee upon the sale of your shares under certain circumstances or, until October 2, 2023, may temporarily suspend your ability to sell shares if the Fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not a bank account and not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the fund at any time, including during periods of market stress.
UBS Asset Management (US) Inc. is each money market fund's distributor.