United States
UBS Prime Reserves Fund (UPRXX)
Investment Objective
Maximum current income consistent with liquidity and the preservation of capital.
| Ticker Symbol | UPRXX |
|---|---|
| CUSIP | 90262Y786 |
| Minimum Initial Investment | $1 million2 |
| Inception Date | 1/19/2016 |
| Deadlines3 | Investment: 5:00 p.m (ET) Redemption: 5:00 p.m. (ET) |
| Daily Yield Unsubsidized yield4 |
|
| 7-Day Yield Unsubsidized yield4 |
|
| 30-Day Yield Unsubsidized yield4 |
|
| Dividend Factor5 | |
| NAV6 | |
| Weighted Average Maturity (Days)7 | |
| Weighted Average Life (Days)7 | |
| Net Portfolio Assets ($)8 |
Daily Liquid Assets1
% of Fund's total assets
Effective April 2, 2024 the daily liquidity requirements increased from 10% to 25%. The chart above reflects the prior 6 months of daily liquidity. The blue line represents the 10% daily liquidity threshold prior to April 2, 2024 and the green line represents the current threshold of 25%.
Investment Approach
While seeking to maximize current income, our investment management team emphasizes credit quality, liquidity and appropriate diversification. The Fund is a "feeder fund" that invests in securities through an underlying "master fund." The master fund invests in a diversified portfolio of high-quality, short-term, US dollar-denominated money market instruments of governmental and private issuers. Our credit and portfolio management teams continually monitor individual issuers in an attempt to assure maintenance of credit quality.
| Portfolio Management | Robert Sabatino, Managing Director David J. Walczak, CFA, FRM, Managing 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.
3Broker-dealers and other intermediaries through which the fund shares are offered may impose different cut off times/notice requirements than those reflected.
4Unsubsidized yield refers to the yield before waivers/reimbursements.
5Dividend 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.
6Based upon latest strike price.
7Weighted average maturity information pertains to the relevant "master fund," not just the "feeder fund" named.
8Assets 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 UBS Select Prime Funds merged into the UBS Prime Funds effective as of August 23, 2024. The historical information provided for UBS Select Prime Funds is for informational purposes and is expected to be deleted from this website in March 2025.
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.
For UBS Prime Funds and UBS Tax-Free Funds
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 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 a required minimum 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.
For UBS Select Government Funds and UBS Select Treasury Funds and 100% US Treasury 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. 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.
Not FDIC Insured. May lose value. No bank guarantee.
UBS Asset Management (US) Inc. is each money market fund's distributor.