UBS Asset Management (Europe) S.A.

In the context of issuance of the CSSF Circular 24/856 on the investor protection in case of a NAV calculation error, a non-compliance with investment rules and other errors at the level of a UCI (the “Circular”), which will enter into force on 1 January 2025, UBS Asset Management (Europe) S.A. draws the investors’ attention to the fact  that it may not always be possible for the investors to be indemnified in case of net asset value calculation errors and/or non-compliance with investment rules and/or other errors at the level of the fund when subscribing through financial intermediaries. Investors are advised to seek advice in relation to their rights which may be negatively impacted.