Maximum current income consistent with liquidity and the preservation of capital.
|Minimum Initial Investment||$1 million|
Aaa-mf Moody's rating2
AAAmmf Fitch Rating3
|Deadlines4||Investment: 5:00 p.m (ET)
Redemption: 5:00 p.m. (ET)
|Weighted Average Maturity (Days)8|
|Total Portfolio Assets ($)9|
The Fund is a money market fund that seeks to maintain a stable price of $1.00 per share. To do this, the Fund invests in a diversified portfolio of high-quality US government money market instruments and in related repurchase agreements. The Fund is a "feeder fund" that invests in securities through an underlying "master fund."
|Portfolio Management||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.
2The 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.
3The 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.
4Broker-dealers and other intermediaries through which the fund shares are offered may impose different cut off times/notice requirements than those reflected.
5Unsubsidized yield refers to the yield before waivers/reimbursements.
6Dividend 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.
7Based upon latest strike price.
8Weighted average maturity information pertains to the relevant "master fund," not just the "feeder fund" named.
9Assets 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.
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"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. 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.