Maximum current income exempt from federal income tax consistent with liquidity and the preservation of capital.
|Minimum Initial Investment||$1 million|
|Deadlines1||Investment: 12:00 p.m (ET)
Redemption: 12:00 p.m. (ET)
|Weighted Average Maturity (Days)5|
|Weighted Average Life (Days)5|
|Net Portfolio Assets ($)6|
1Broker-dealers and other intermediaries through which the fund shares are offered may impose different cut off times/notice requirements than those reflected. In certain situations investors can place orders directly with the fund's transfer agent.
2Unsubsidized yield refers to the yield before waivers/reimbursements.
3Dividend 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.
4Based upon latest strike price.
5Weighted average maturity and weighted average life information pertains to the relevant "master fund," not just the "feeder fund" named.
6Assets 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.
The Fund is a money market fund that seeks to maintain a stable price of $1.00 per share. The Fund seeks to achieve its objective by investing in a diversified portfolio of high-quality municipal money market instruments. The Fund is a "feeder fund" that invests in securities through an underlying "master fund."
|Portfolio Management||Elbridge T. Gerry, III, Managing Director
Lisa DiPaolo, Director
Under normal circumstances, Tax-Free Master Fund ("Master Fund") will invest at least 80% of its net assets in investments the income from which is exempt from federal income tax. Under normal circumstances, this Master Fund may invest only up to 20% of its net assets in municipal securities that pay interest that is an item of tax preference for purposes of the alternative minimum tax ("AMT"); therefore, even though income generated by this Master Fund may be tax exempt from federal income tax under normal circumstances, a portion of this income may be subject to AMT.
"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.
You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon sale of your shares or 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 insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.
UBS Asset Management (US) Inc. is each money market fund's distributor.