{"annotation_id":"2ca5985c-8718-4057-9e6c-7930b8ecac24","file_hash":"c4573a46ef54beae6f5f727bf0c1c5dc4655ffb87487bd62919b6726aeb2a2e3","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"91adfbc5-a1af-44e1-9b00-9dfac399b526","block_type":"box","text":"For marketing purposes","page_number":1,"box":{"x":663,"y":34,"width":167,"height":11}},{"id":"22ca3b32-1a63-45e7-a16e-e535c626f057","block_type":"box","text":"UK edition","page_number":1,"box":{"x":663,"y":47,"width":65,"height":9}},{"id":"b2d450e7-f6b8-4ffd-ba96-9ff9049447df","block_type":"box","text":"Data as at end-September 2026,","page_number":1,"box":{"x":663,"y":60,"width":207,"height":11}},{"id":"fd8e3430-d1e1-4199-87d5-762f0d1b1ccb","block_type":"box","text":"unless otherwise indicated","page_number":1,"box":{"x":663,"y":73,"width":167,"height":8}},{"id":"3e9b487a-b72e-4d04-b065-7e4cd0b0d2cb","block_type":"box","text":"UBS Sterling Corporate Indexed Bond Fund GBP Class C accumulation Shares (gross)","page_number":1,"box":{"x":87,"y":147,"width":780,"height":15}},{"id":"cd68a357-7833-4ea3-95b7-69b20c870208","block_type":"box","text":"Fund","page_number":1,"box":{"x":87,"y":166,"width":54,"height":13}},{"id":"330b776d-5e56-47e9-80e3-b323e2b5eb24","block_type":"box","text":"Fact Sheet","page_number":1,"box":{"x":143,"y":166,"width":101,"height":13}},{"id":"c48ea819-5bfb-4d1b-b032-e625b59ff9a4","block_type":"box","text":"UBS Bond Funds > UBS Index Funds Bonds","page_number":1,"box":{"x":86,"y":192,"width":272,"height":8}},{"id":"12198029-289c-4d9d-9835-5e7be0703a98","block_type":"box","text":"Fund description","page_number":1,"box":{"x":86,"y":221,"width":117,"height":11}},{"id":"32ed9862-f27b-483c-93f4-42b596d149eb","block_type":"box","text":"•","page_number":1,"box":{"x":86,"y":238,"width":6,"height":4}},{"id":"588d4bde-639a-47b6-9e28-1ef47adfaf9d","block_type":"box","text":"The UBS Sterling Corporate Bond Indexed Fund","page_number":1,"box":{"x":100,"y":236,"width":303,"height":10}},{"id":"8544144d-7b37-4a0e-b2c5-25a02299280b","block_type":"box","text":"(the Fund) seeks to track the return of the Markit","page_number":1,"box":{"x":100,"y":249,"width":315,"height":9}},{"id":"637ec20c-a49d-432f-b4ae-af858e4be0dd","block_type":"box","text":"iBoxx GBP Non-Gilt Index (the Index) before","page_number":1,"box":{"x":101,"y":261,"width":278,"height":10}},{"id":"1dbbc958-f904-47af-b364-ad728f8dcc0f","block_type":"box","text":"the deduction of charges. The Fund employs a","page_number":1,"box":{"x":100,"y":274,"width":297,"height":11}},{"id":"a0659395-71bf-48b3-bb2a-95a0e062d86e","block_type":"box","text":"passive investment strategy and aims to replicate","page_number":1,"box":{"x":101,"y":287,"width":312,"height":11}},{"id":"4c07fb3b-e9d1-4092-9dad-cda40cc69478","block_type":"box","text":"the index by predominantly investing all, or","page_number":1,"box":{"x":100,"y":300,"width":277,"height":10}},{"id":"9fa09fd0-8626-4150-90ac-cbe6845eadca","block_type":"box","text":"substantially all, of its assets in the bonds that","page_number":1,"box":{"x":100,"y":313,"width":294,"height":10}},{"id":"a47e8b4e-13f3-4ffb-bc91-bc5b570bad04","block_type":"box","text":"make up the Index.","page_number":1,"box":{"x":101,"y":326,"width":121,"height":10}},{"id":"7721f788-e3fa-4e43-ba5c-c673f4be79de","block_type":"box","text":"Name of fund","page_number":1,"box":{"x":88,"y":351,"width":73,"height":7}},{"id":"7a995a87-bed8-4a55-ba32-1751572460ca","block_type":"box","text":"UBS Sterling Corporate Bond","page_number":1,"box":{"x":246,"y":351,"width":169,"height":9}},{"id":"36992c4b-fd53-4c5a-b25c-ae5ce4d43a5e","block_type":"box","text":"Indexed Fund","page_number":1,"box":{"x":337,"y":362,"width":78,"height":7}},{"id":"35a1f56b-5a7c-437e-a2c0-3c2b2dc44e50","block_type":"box","text":"Share","page_number":1,"box":{"x":87,"y":374,"width":29,"height":7}},{"id":"fc9c64e2-2dc9-463b-9d68-0d9f1f120340","block_type":"box","text":"class","page_number":1,"box":{"x":87,"y":385,"width":24,"height":6}},{"id":"a2e77889-241d-477a-8fce-759c17b69624","block_type":"box","text":"UBS Sterling Corporate Bond Indexed","page_number":1,"box":{"x":216,"y":374,"width":199,"height":9}},{"id":"92fe07b6-6aea-4f31-ab16-7eeb924f9599","block_type":"box","text":"Fund Class C accumulation Shares (gross)","page_number":1,"box":{"x":196,"y":385,"width":220,"height":8}},{"id":"5366ab75-8171-4f1f-a5d7-a0ce73add31d","block_type":"box","text":"ISIN","page_number":1,"box":{"x":88,"y":397,"width":18,"height":6}},{"id":"20ef359e-1c38-43f2-9091-9be5fc97584b","block_type":"box","text":"GB00B95J1785","page_number":1,"box":{"x":334,"y":397,"width":81,"height":6}},{"id":"735dd2c4-e6f3-4f48-83a1-f1c7c1932199","block_type":"box","text":"Bloomberg ticker","page_number":1,"box":{"x":88,"y":408,"width":90,"height":9}},{"id":"0808f3ff-abf1-4c1d-82f4-b8fd11cecc15","block_type":"box","text":"UBSSCAG LN","page_number":1,"box":{"x":346,"y":408,"width":69,"height":7}},{"id":"be52d6fa-2dda-48d4-903b-a684788b64eb","block_type":"box","text":"Currency of fund / share class","page_number":1,"box":{"x":87,"y":419,"width":158,"height":9}},{"id":"5dd0ef8a-107f-4213-ac40-f6e423ef8f43","block_type":"box","text":"GBP/GBP","page_number":1,"box":{"x":369,"y":420,"width":47,"height":6}},{"id":"8566837b-d8c2-4b84-ae53-df8f02075581","block_type":"box","text":"Launch date","page_number":1,"box":{"x":88,"y":431,"width":64,"height":7}},{"id":"0af12965-aeac-485d-95c5-2e84ec40b54b","block_type":"box","text":"01.02.2017","page_number":1,"box":{"x":354,"y":432,"width":61,"height":6}},{"id":"00ebed6b-a2ce-4db0-a91c-9c13a5186405","block_type":"box","text":"Issue/redemption","page_number":1,"box":{"x":88,"y":443,"width":89,"height":9}},{"id":"b423ae88-52ff-4689-8726-7a59035b5a9a","block_type":"box","text":"daily","page_number":1,"box":{"x":392,"y":443,"width":24,"height":9}},{"id":"4aa76597-cd44-4421-8ead-3f94a334de47","block_type":"box","text":"Swing pricing","page_number":1,"box":{"x":87,"y":455,"width":72,"height":8}},{"id":"c7569326-7106-42f6-8857-337294815244","block_type":"box","text":"yes","page_number":1,"box":{"x":399,"y":457,"width":17,"height":6}},{"id":"eb26e91b-46ce-4e00-9f90-5556cb7553cd","block_type":"box","text":"Accounting year end","page_number":1,"box":{"x":87,"y":466,"width":110,"height":9}},{"id":"fbe10324-9030-4b2b-aefe-6ab5690e8d42","block_type":"box","text":"31 December","page_number":1,"box":{"x":345,"y":466,"width":71,"height":7}},{"id":"5f49db03-d70e-4ada-aae1-3c614745952f","block_type":"box","text":"Benchmark","page_number":1,"box":{"x":88,"y":478,"width":59,"height":7}},{"id":"76a7be80-6953-4d23-ba5d-4530dc32a0e6","block_type":"box","text":"Markit iBoxx GBP Non-Gilt Index","page_number":1,"box":{"x":244,"y":478,"width":172,"height":7}},{"id":"5871802f-c414-4488-9ac2-fbd25d728d4a","block_type":"box","text":"Distribution","page_number":1,"box":{"x":88,"y":490,"width":60,"height":6}},{"id":"9334c97e-faaf-4118-b2b8-08a0429dff77","block_type":"box","text":"Reinvestment","page_number":1,"box":{"x":345,"y":490,"width":71,"height":6}},{"id":"fe15e601-0119-486b-b0a2-50c22f505b4e","block_type":"box","text":"Management fee p.a.","page_number":1,"box":{"x":88,"y":501,"width":114,"height":9}},{"id":"19133b0f-73d9-43f9-8563-6b3389be7439","block_type":"box","text":"0.11%","page_number":1,"box":{"x":380,"y":501,"width":35,"height":7}},{"id":"08792d6d-d90d-4506-93c0-f55217d2f423","block_type":"box","text":"Please note that additional fees (e.g. entry or exit fees) may","page_number":1,"box":{"x":88,"y":512,"width":316,"height":9}},{"id":"6c5492b7-291c-42b3-b4e3-dca8c6cc7dbb","block_type":"box","text":"be charged. Please refer to your","page_number":1,"box":{"x":88,"y":523,"width":169,"height":9}},{"id":"a85cf60d-2054-4ff6-9cd3-ca38bff20a88","block_type":"box","text":"financial","page_number":1,"box":{"x":261,"y":523,"width":44,"height":7}},{"id":"fbc0102e-5149-45d4-9c14-ca45527f3c00","block_type":"box","text":"adviser for more","page_number":1,"box":{"x":310,"y":523,"width":86,"height":7}},{"id":"934390db-01fd-4ca0-b011-c30cd2973471","block_type":"box","text":"details.","page_number":1,"box":{"x":87,"y":534,"width":36,"height":6}},{"id":"264478eb-d52f-43b3-8825-0f7ef37cb526","block_type":"box","text":"Name of the","page_number":1,"box":{"x":88,"y":545,"width":65,"height":7}},{"id":"1b49092b-a1ef-4e43-ba4b-a5c6cbe28c90","block_type":"box","text":"Management Company","page_number":1,"box":{"x":88,"y":556,"width":126,"height":8}},{"id":"e1afc310-aed1-45ca-b99b-603cf5b0b223","block_type":"box","text":"UBS Asset Management","page_number":1,"box":{"x":288,"y":545,"width":128,"height":9}},{"id":"225f82b0-8030-4d32-ac91-fb83a7f9bca5","block_type":"box","text":"Funds Ltd., London","page_number":1,"box":{"x":314,"y":556,"width":101,"height":8}},{"id":"da8fc070-ae1d-4fe0-a2be-9a739ea2eb24","block_type":"box","text":"Fund domicile","page_number":1,"box":{"x":88,"y":567,"width":73,"height":7}},{"id":"ec1dcd9b-e85b-4fef-bee4-18a4568bf3c6","block_type":"box","text":"United Kingdom","page_number":1,"box":{"x":329,"y":567,"width":86,"height":9}},{"id":"d7051e31-8693-4479-a45b-c0cb3a02297c","block_type":"box","text":"Overall Morningstar Rating","page_number":1,"box":{"x":87,"y":579,"width":143,"height":9}},{"id":"27883d7d-5a0c-4aa2-abad-d9aa4f193626","block_type":"box","text":"QQQ","page_number":1,"box":{"x":388,"y":580,"width":28,"height":6}},{"id":"bb1c1637-3dc9-4dd0-9480-dedf7455fe90","block_type":"box","text":"Performance (basis GBP, net of fees)","page_number":1,"box":{"x":453,"y":221,"width":253,"height":10}},{"id":"b00391ba-66dc-4fed-af1c-b085b50b8660","block_type":"box","text":"1","page_number":1,"box":{"x":707,"y":221,"width":3,"height":5}},{"id":"5d96ce41-b995-4c2d-aec4-a543a0530e79","block_type":"box","text":"-25","page_number":1,"box":{"x":896,"y":378,"width":12,"height":5}},{"id":"01c32e8e-657c-4fc6-a7cd-d4fde3ed2929","block_type":"box","text":"-20","page_number":1,"box":{"x":896,"y":364,"width":12,"height":5}},{"id":"69ef871b-a5ee-4afc-9b16-6d220c152f6f","block_type":"box","text":"-15","page_number":1,"box":{"x":896,"y":349,"width":12,"height":5}},{"id":"23935233-3125-4ace-9296-cdbe3f9f9187","block_type":"box","text":"-10","page_number":1,"box":{"x":896,"y":334,"width":12,"height":6}},{"id":"52a23c38-ccd0-45c0-b0e1-ecadfc712b21","block_type":"box","text":"-5","page_number":1,"box":{"x":901,"y":320,"width":7,"height":5}},{"id":"d0a3e504-de71-4707-8ca0-667cd0e29af2","block_type":"box","text":"0","page_number":1,"box":{"x":904,"y":305,"width":4,"height":5}},{"id":"1d3bb366-74a7-410f-bbf6-b32c9bca9de7","block_type":"box","text":"+5","page_number":1,"box":{"x":898,"y":291,"width":10,"height":5}},{"id":"c5459566-c4bc-4878-8b49-7f238a134f84","block_type":"box","text":"+10","page_number":1,"box":{"x":893,"y":276,"width":15,"height":6}},{"id":"180c8ba3-25ea-484d-9995-f192b395cc60","block_type":"box","text":"+15","page_number":1,"box":{"x":893,"y":261,"width":15,"height":5}},{"id":"de43b86d-245d-4b50-a805-0e0e09a6fee3","block_type":"box","text":"+20","page_number":1,"box":{"x":893,"y":247,"width":15,"height":5}},{"id":"64077034-c18a-47d6-bb5c-0ade250deef2","block_type":"box","text":"7500","page_number":1,"box":{"x":454,"y":378,"width":18,"height":5}},{"id":"ac17d826-09f6-4d7e-a1f5-8d4b25b46bdf","block_type":"box","text":"8000","page_number":1,"box":{"x":454,"y":364,"width":18,"height":5}},{"id":"66d4b699-ffda-47e9-ae0c-352def044dee","block_type":"box","text":"8500","page_number":1,"box":{"x":454,"y":349,"width":18,"height":5}},{"id":"d51f7ab6-b231-409f-aeec-de46053338de","block_type":"box","text":"9000","page_number":1,"box":{"x":454,"y":334,"width":18,"height":6}},{"id":"a87b35d3-81ff-45f5-b5cd-fe14ff3fb919","block_type":"box","text":"9500","page_number":1,"box":{"x":454,"y":320,"width":18,"height":5}},{"id":"5fa8fa27-0697-4104-a3d3-c5576198f651","block_type":"box","text":"10000","page_number":1,"box":{"x":449,"y":305,"width":23,"height":5}},{"id":"d514b121-c93c-4778-bd46-d1ae478f2fac","block_type":"box","text":"10500","page_number":1,"box":{"x":449,"y":291,"width":23,"height":5}},{"id":"3e21a80f-1236-43e0-a63f-9a00a23edd3e","block_type":"box","text":"11000","page_number":1,"box":{"x":449,"y":276,"width":23,"height":6}},{"id":"3ca444ee-ceab-4950-83cc-491eb3e6a33c","block_type":"box","text":"11500","page_number":1,"box":{"x":449,"y":261,"width":23,"height":5}},{"id":"d32a4a7e-f859-4b49-a121-ac9bc927c76c","block_type":"box","text":"12000","page_number":1,"box":{"x":449,"y":247,"width":23,"height":5}},{"id":"c8d206e4-d3df-43ce-a337-9ff7bc5f2c77","block_type":"box","text":"Rebased","page_number":1,"box":{"x":484,"y":242,"width":30,"height":4}},{"id":"bf0171b2-6da3-4362-8d05-52f5a13053e4","block_type":"box","text":"to","page_number":1,"box":{"x":517,"y":242,"width":7,"height":4}},{"id":"d4638ac8-dc9a-414b-a3ac-cea5ff516885","block_type":"box","text":"10,000","page_number":1,"box":{"x":528,"y":242,"width":26,"height":5}},{"id":"606f443c-e7dc-4b9f-93f4-051ede036870","block_type":"box","text":"on","page_number":1,"box":{"x":557,"y":243,"width":9,"height":3}},{"id":"9af4e29e-28e1-4322-9292-dfbfb93e3835","block_type":"box","text":"the","page_number":1,"box":{"x":569,"y":242,"width":12,"height":4}},{"id":"3b8a9363-3689-4fe1-935f-e96e6d32f948","block_type":"box","text":"basis","page_number":1,"box":{"x":584,"y":242,"width":18,"height":4}},{"id":"c0d2e43c-ee10-44b8-9763-669ae6f5413a","block_type":"box","text":"of","page_number":1,"box":{"x":605,"y":242,"width":7,"height":4}},{"id":"b16b883b-f6b9-447e-a60b-8650cad076ab","block_type":"box","text":"month-end","page_number":1,"box":{"x":615,"y":242,"width":41,"height":4}},{"id":"8d1c08ff-2699-48d1-85b7-42361dff6ba0","block_type":"box","text":"data","page_number":1,"box":{"x":660,"y":242,"width":15,"height":4}},{"id":"8e7ef6e7-0862-46f4-acb4-e34d4e9b1337","block_type":"box","text":"in","page_number":1,"box":{"x":872,"y":242,"width":5,"height":4}},{"id":"642d2160-3b9a-481e-8ff9-fc7c501db1fb","block_type":"box","text":"%","page_number":1,"box":{"x":881,"y":242,"width":7,"height":5}},{"id":"060aebe0-2785-4352-bd26-adcba790ca01","block_type":"box","text":"2017","page_number":1,"box":{"x":490,"y":383,"width":18,"height":6}},{"id":"0d8353d6-cacd-4771-bb42-55f96368ffb8","block_type":"box","text":"2018","page_number":1,"box":{"x":531,"y":383,"width":18,"height":6}},{"id":"ae6fefb9-306c-46db-b153-6618602fcaf7","block_type":"box","text":"2019","page_number":1,"box":{"x":571,"y":383,"width":19,"height":6}},{"id":"65a50796-ade6-456d-a0f4-5167dca14fdd","block_type":"box","text":"2020","page_number":1,"box":{"x":613,"y":383,"width":18,"height":6}},{"id":"bb173434-fea9-408d-83ed-df3e50a1124c","block_type":"box","text":"2021","page_number":1,"box":{"x":653,"y":383,"width":17,"height":6}},{"id":"d7299961-ce53-41db-8f23-0835ca284683","block_type":"box","text":"2022","page_number":1,"box":{"x":695,"y":383,"width":18,"height":6}},{"id":"d02bd726-e37d-4dc8-9279-184a8045fb9c","block_type":"box","text":"2023","page_number":1,"box":{"x":735,"y":383,"width":18,"height":6}},{"id":"9551081f-f5ed-45f9-b30b-318523829d24","block_type":"box","text":"2024","page_number":1,"box":{"x":777,"y":383,"width":18,"height":6}},{"id":"e88a0b6c-e167-4126-918c-c1508959a3d3","block_type":"box","text":"2025","page_number":1,"box":{"x":817,"y":383,"width":18,"height":6}},{"id":"c05603ba-1c98-4885-8e4f-266416801185","block_type":"box","text":"2026","page_number":1,"box":{"x":859,"y":383,"width":18,"height":6}},{"id":"af92a1c3-5b20-458e-94e8-870f5c7e90c2","block_type":"box","text":"Fund performance net of fees","page_number":1,"box":{"x":500,"y":407,"width":137,"height":8}},{"id":"e5d7b048-4f74-4fac-ac27-b9fbb5cf4ee3","block_type":"box","text":"(left-hand","page_number":1,"box":{"x":641,"y":407,"width":44,"height":7}},{"id":"e9986af0-6b22-46a8-b867-6401f4b90a8b","block_type":"box","text":"scale)","page_number":1,"box":{"x":690,"y":407,"width":24,"height":7}},{"id":"f268c711-1bed-4eaf-a7dd-ae17d814d85a","block_type":"box","text":"Fund performance per year in % net of fees (right-hand scale)","page_number":1,"box":{"x":500,"y":419,"width":287,"height":8}},{"id":"a8a9d557-5449-4adc-966a-f8fee8c1ab4a","block_type":"box","text":"Index (benchmark) performance","page_number":1,"box":{"x":500,"y":431,"width":148,"height":7}},{"id":"e10e6231-7ee5-4c2e-8877-69305619f992","block_type":"box","text":"(left-hand","page_number":1,"box":{"x":652,"y":431,"width":44,"height":7}},{"id":"fccc2b44-6172-494f-9c0d-92a0ec3d471e","block_type":"box","text":"scale)","page_number":1,"box":{"x":700,"y":431,"width":25,"height":7}},{"id":"1ef84e74-f2e5-40f4-a425-f330afa6da07","block_type":"box","text":"Past performance is not a reliable indicator of future results. If the currency","page_number":1,"box":{"x":453,"y":445,"width":444,"height":9}},{"id":"608a87b1-bf28-451d-abb6-d16fddc6fe03","block_type":"box","text":"of a","page_number":1,"box":{"x":452,"y":456,"width":22,"height":7}},{"id":"62f18a68-9ecc-4586-8371-02032ec973b9","block_type":"box","text":"financial","page_number":1,"box":{"x":479,"y":456,"width":49,"height":7}},{"id":"89db3b74-abc7-4ac1-8137-e3c5ee43df59","block_type":"box","text":"product,","page_number":1,"box":{"x":533,"y":456,"width":48,"height":8}},{"id":"38508dc7-d764-4534-96d5-27d7a5ac5b9a","block_type":"box","text":"financial","page_number":1,"box":{"x":586,"y":456,"width":49,"height":7}},{"id":"34061dde-9a89-4742-8d31-c3f2597725fe","block_type":"box","text":"service or its costs is","page_number":1,"box":{"x":640,"y":456,"width":119,"height":7}},{"id":"df8cde45-3e59-4e23-ae9e-24e7a80451fe","block_type":"box","text":"different","page_number":1,"box":{"x":763,"y":456,"width":51,"height":7}},{"id":"816761e6-365e-41e7-99de-86d733a6ce06","block_type":"box","text":"from your","page_number":1,"box":{"x":818,"y":456,"width":59,"height":9}},{"id":"d7ebea76-1153-4030-8431-57c089ccf154","block_type":"box","text":"reference currency, the return and/or costs can increase or decrease as a result","page_number":1,"box":{"x":453,"y":466,"width":460,"height":9}},{"id":"3ba924c2-2b5a-484e-9324-01b9b93a0077","block_type":"box","text":"of currency","page_number":1,"box":{"x":452,"y":477,"width":66,"height":9}},{"id":"c6662ead-c354-4c21-9509-8c004c73495f","block_type":"box","text":"fluctuations.","page_number":1,"box":{"x":522,"y":477,"width":73,"height":7}},{"id":"47abb6fc-b0ab-4a89-b332-72fdedc1a155","block_type":"box","text":"in %","page_number":1,"box":{"x":454,"y":510,"width":25,"height":7}},{"id":"e9fa8503-b3c2-4462-b4ae-90a1f63e0a5c","block_type":"box","text":"1 year","page_number":1,"box":{"x":564,"y":510,"width":34,"height":9}},{"id":"adb73c59-5998-49e4-9fec-42cdd4204622","block_type":"box","text":"3 years","page_number":1,"box":{"x":632,"y":510,"width":40,"height":9}},{"id":"a13768c8-d5fc-4ead-9540-ebb740781d02","block_type":"box","text":"5 years","page_number":1,"box":{"x":706,"y":510,"width":40,"height":9}},{"id":"ea5f9e5a-4aec-4734-bf1f-e4c216e509e8","block_type":"box","text":"Ø p.a. 3","page_number":1,"box":{"x":775,"y":510,"width":44,"height":9}},{"id":"d98d8771-bef6-4bd1-a687-52ff91f537c7","block_type":"box","text":"years","page_number":1,"box":{"x":790,"y":523,"width":30,"height":6}},{"id":"29c2120a-1bb8-4101-891b-d315e7d90b8e","block_type":"box","text":"Ø p.a. 5 years","page_number":1,"box":{"x":834,"y":510,"width":78,"height":9}},{"id":"ceaf8cb9-19c7-46cc-b555-fddb36483399","block_type":"box","text":"Fund (GBP)","page_number":1,"box":{"x":453,"y":532,"width":58,"height":8}},{"id":"1388982d-3255-444f-b664-efa6317a5114","block_type":"box","text":"1.69","page_number":1,"box":{"x":577,"y":533,"width":22,"height":6}},{"id":"185e85cd-3d87-41a7-9468-bd042ef7f576","block_type":"box","text":"15.61","page_number":1,"box":{"x":644,"y":533,"width":27,"height":6}},{"id":"30f7a552-46a7-4c21-b4e5-da143015963a","block_type":"box","text":"-4.53","page_number":1,"box":{"x":719,"y":533,"width":27,"height":6}},{"id":"d5238642-8a01-4e4e-9ffe-6e7e236d8c6b","block_type":"box","text":"4.95","page_number":1,"box":{"x":797,"y":533,"width":24,"height":6}},{"id":"0a06218f-65a6-4a40-8d10-0a5df5370610","block_type":"box","text":"-0.92","page_number":1,"box":{"x":886,"y":533,"width":27,"height":6}},{"id":"5b52e915-bb6c-4c3b-93d0-6ae5f13b951f","block_type":"box","text":"Benchmark","page_number":1,"box":{"x":453,"y":545,"width":59,"height":6}},{"id":"02b0794e-db4f-4f34-acc1-d90ea543dfbb","block_type":"box","text":"2","page_number":1,"box":{"x":512,"y":545,"width":4,"height":4}},{"id":"cb0e369f-ebc7-4d75-8e93-f2bdb572a0ea","block_type":"box","text":"1.78","page_number":1,"box":{"x":577,"y":545,"width":22,"height":6}},{"id":"23f2ec00-1894-4a47-a1c9-74c20b53383e","block_type":"box","text":"15.81","page_number":1,"box":{"x":644,"y":545,"width":27,"height":6}},{"id":"396e278f-4747-419c-84ac-4376043980fa","block_type":"box","text":"-3.29","page_number":1,"box":{"x":719,"y":545,"width":28,"height":6}},{"id":"7f7e3d77-ff19-4322-829f-e7587f3cb7ae","block_type":"box","text":"5.01","page_number":1,"box":{"x":798,"y":545,"width":21,"height":6}},{"id":"564419d7-f20b-42eb-99bd-50ad1e3fb8a4","block_type":"box","text":"-0.67","page_number":1,"box":{"x":886,"y":545,"width":27,"height":6}},{"id":"44d2d7a4-f291-4aec-89ef-caec1e18360b","block_type":"box","text":"The performance shown does not take account of any commissions, entry or exit","page_number":1,"box":{"x":452,"y":556,"width":434,"height":9}},{"id":"5f6b5584-e866-4041-9e2e-8526bf51bb67","block_type":"box","text":"charges.","page_number":1,"box":{"x":452,"y":567,"width":43,"height":8}},{"id":"723672b5-f0fd-46ac-b823-f319894f7b6f","block_type":"box","text":"1","page_number":1,"box":{"x":453,"y":579,"width":2,"height":4}},{"id":"e36a3cce-a202-4a33-b396-aa68e55fe37f","block_type":"box","text":"These","page_number":1,"box":{"x":464,"y":578,"width":24,"height":6}},{"id":"6d1b2449-258c-49da-9d02-a661ab2b8852","block_type":"box","text":"figures","page_number":1,"box":{"x":491,"y":578,"width":29,"height":7}},{"id":"c4ca09e0-906c-4815-a09c-a0ee37a689f3","block_type":"box","text":"refer to the past. Source for all data and chart (if not indicated otherwise): UBS Asset","page_number":1,"box":{"x":523,"y":578,"width":363,"height":7}},{"id":"a389a860-46d3-4607-955f-5fd5d02b20ee","block_type":"box","text":"Management.","page_number":1,"box":{"x":464,"y":586,"width":59,"height":6}},{"id":"421671f3-8f71-4656-b59b-d4c5ed3f30e4","block_type":"box","text":"2","page_number":1,"box":{"x":452,"y":593,"width":4,"height":4}},{"id":"1df736aa-fe81-46b7-ba99-ce69c8085834","block_type":"box","text":"Index (benchmark) in currency of share class (without costs)","page_number":1,"box":{"x":464,"y":592,"width":254,"height":7}},{"id":"5ed36581-b4b0-49ea-bd6d-8ae2c1d57f41","block_type":"box","text":"Some performance","page_number":1,"box":{"x":466,"y":603,"width":81,"height":7}},{"id":"51ec8f32-602e-4a95-8755-20c0bba79c3e","block_type":"box","text":"differences","page_number":1,"box":{"x":551,"y":603,"width":46,"height":5}},{"id":"db9845a3-dbce-4ecd-b58c-d094a55966f8","block_type":"box","text":"between the fund and the benchmark may arise because the fund","page_number":1,"box":{"x":601,"y":603,"width":283,"height":7}},{"id":"921877d7-d9bd-4d9d-a45b-557e18cf4fee","block_type":"box","text":"performance is calculated at a","page_number":1,"box":{"x":467,"y":610,"width":127,"height":7}},{"id":"c4b67dea-8dec-437f-abe7-9d9fb7cb5dc6","block_type":"box","text":"different","page_number":1,"box":{"x":598,"y":610,"width":36,"height":5}},{"id":"106116c4-1168-4b96-bba4-b8c578d9dbc4","block_type":"box","text":"valuation point from the benchmark and/or the fund price at","page_number":1,"box":{"x":637,"y":610,"width":260,"height":7}},{"id":"2afe53ae-89a6-486d-ad20-e7cdce9dfe1a","block_type":"box","text":"the end of the month will include the dilution levy spread on that day.","page_number":1,"box":{"x":466,"y":617,"width":299,"height":7}},{"id":"49ae19d9-bb1f-4d29-8a31-8484466777fa","block_type":"box","text":"in %","page_number":1,"box":{"x":454,"y":651,"width":25,"height":6}},{"id":"9e9d59a4-94dc-4da9-8ba5-a6dccd38c7be","block_type":"box","text":"Q3 2025","page_number":1,"box":{"x":551,"y":651,"width":47,"height":7}},{"id":"279c004b-e888-4ecc-badf-a88f6c943b00","block_type":"box","text":"to Q3 2026","page_number":1,"box":{"x":534,"y":662,"width":64,"height":7}},{"id":"2bef6163-ea87-48f4-b40e-7cb46ffef9a5","block_type":"box","text":"Q3 2024","page_number":1,"box":{"x":624,"y":651,"width":48,"height":7}},{"id":"aa2d7d09-bd68-42a2-bdf1-9605fc2aaf48","block_type":"box","text":"to Q3 2025","page_number":1,"box":{"x":608,"y":662,"width":63,"height":7}},{"id":"e29b1757-0bcb-4582-b4ae-c9e87ee0ec25","block_type":"box","text":"Q3 2023","page_number":1,"box":{"x":698,"y":651,"width":47,"height":7}},{"id":"728271c6-acc1-436b-ba10-0b8203dd6172","block_type":"box","text":"to Q3 2024","page_number":1,"box":{"x":682,"y":662,"width":64,"height":7}},{"id":"fc6bdb92-f79c-43aa-84ad-c5d4359cfdf8","block_type":"box","text":"Q3 2022","page_number":1,"box":{"x":772,"y":651,"width":47,"height":7}},{"id":"ecc1271c-ddbd-4260-bfc2-1355031a1106","block_type":"box","text":"to Q3 2023","page_number":1,"box":{"x":756,"y":662,"width":63,"height":7}},{"id":"47678658-4354-4346-addb-93ada5805ed1","block_type":"box","text":"Q3 2021","page_number":1,"box":{"x":865,"y":651,"width":45,"height":7}},{"id":"42f8c564-46f6-4956-ba06-cce5fb2ef98b","block_type":"box","text":"to Q3 2022","page_number":1,"box":{"x":848,"y":662,"width":64,"height":7}},{"id":"794ce691-acbd-4763-8b5b-6f0fec9bb5b0","block_type":"box","text":"Fund (GBP)","page_number":1,"box":{"x":453,"y":673,"width":58,"height":8}},{"id":"760f1c88-94fa-4219-a935-e154a2418956","block_type":"box","text":"1.69","page_number":1,"box":{"x":577,"y":673,"width":22,"height":7}},{"id":"4c2348d3-4ebb-4346-ba6c-e0d85ba37066","block_type":"box","text":"3.33","page_number":1,"box":{"x":650,"y":673,"width":23,"height":7}},{"id":"62fe9b11-c7ce-4a58-aae6-5b42a690f6d2","block_type":"box","text":"10.01","page_number":1,"box":{"x":718,"y":673,"width":27,"height":7}},{"id":"69fc1459-048a-4247-aa0c-f23fa8bfd018","block_type":"box","text":"6.36","page_number":1,"box":{"x":798,"y":673,"width":23,"height":7}},{"id":"92b93abc-124d-46f6-a05f-ba4e28c32fdd","block_type":"box","text":"-22.36","page_number":1,"box":{"x":879,"y":673,"width":34,"height":7}},{"id":"2ea573a1-a35a-4f77-aee9-2f8c933ba4a2","block_type":"box","text":"Benchmark","page_number":1,"box":{"x":453,"y":685,"width":59,"height":7}},{"id":"7eb39ceb-abe2-47bb-a3c4-9de9f1582a3f","block_type":"box","text":"2","page_number":1,"box":{"x":512,"y":685,"width":4,"height":5}},{"id":"faa9d7cd-5326-442e-9570-f1932c00ad13","block_type":"box","text":"1.78","page_number":1,"box":{"x":577,"y":686,"width":22,"height":6}},{"id":"64613d55-dccc-4600-93bf-0b739d43836e","block_type":"box","text":"3.70","page_number":1,"box":{"x":650,"y":686,"width":23,"height":6}},{"id":"47a70f01-d441-4f32-95ba-d029dbf1c6a9","block_type":"box","text":"9.72","page_number":1,"box":{"x":724,"y":686,"width":22,"height":6}},{"id":"36de71df-fa3a-4840-830f-457fab3489a4","block_type":"box","text":"6.95","page_number":1,"box":{"x":798,"y":686,"width":23,"height":6}},{"id":"d30c19b6-55f4-456c-9a59-5a84a53571f3","block_type":"box","text":"-21.92","page_number":1,"box":{"x":879,"y":686,"width":34,"height":6}},{"id":"f2b3860a-e7fc-4654-9733-e724e86d45f8","block_type":"box","text":"1","page_number":1,"box":{"x":453,"y":698,"width":2,"height":4}},{"id":"f0aa1143-32ce-4e76-a92c-8a21e4b60df4","block_type":"box","text":"These","page_number":1,"box":{"x":464,"y":697,"width":24,"height":6}},{"id":"219e59b3-7c15-435b-b046-6ae353e0d87c","block_type":"box","text":"figures","page_number":1,"box":{"x":491,"y":697,"width":29,"height":7}},{"id":"1ff13ffa-a03b-4d2c-91b0-fc3143da5956","block_type":"box","text":"refer to the past. Source for all data and chart (if not indicated otherwise): UBS Asset","page_number":1,"box":{"x":523,"y":697,"width":363,"height":7}},{"id":"9775c267-befd-4f22-91e4-e50a53eb5d66","block_type":"box","text":"Management.","page_number":1,"box":{"x":464,"y":705,"width":59,"height":6}},{"id":"d1ad9e20-905d-405f-bfd1-16333a3b603d","block_type":"box","text":"2","page_number":1,"box":{"x":452,"y":712,"width":4,"height":5}},{"id":"20acdfb5-6091-4f80-89b6-4f548d1d8f96","block_type":"box","text":"Index (benchmark) in currency of share class (without costs)","page_number":1,"box":{"x":464,"y":712,"width":254,"height":7}},{"id":"aa129670-451b-4e60-b78e-d835e58e2141","block_type":"box","text":"Some performance","page_number":1,"box":{"x":466,"y":722,"width":81,"height":7}},{"id":"2d5ce070-f34f-4ac1-9cc6-7c91a3064b7f","block_type":"box","text":"differences","page_number":1,"box":{"x":551,"y":722,"width":46,"height":6}},{"id":"a8b00bb2-f18c-468e-8cf8-df3f64f364aa","block_type":"box","text":"between the fund and the benchmark may arise because the fund","page_number":1,"box":{"x":601,"y":722,"width":283,"height":7}},{"id":"12f5aae4-8aac-47f4-97fd-4e1cf34c1cd6","block_type":"box","text":"performance is calculated at a","page_number":1,"box":{"x":467,"y":729,"width":127,"height":7}},{"id":"842d0f1a-cf17-4c5d-91c4-955644c526e2","block_type":"box","text":"different","page_number":1,"box":{"x":598,"y":729,"width":36,"height":6}},{"id":"2931efac-1ee2-4aba-8e40-26f63808bef1","block_type":"box","text":"valuation point from the benchmark and/or the fund price at","page_number":1,"box":{"x":637,"y":729,"width":260,"height":7}},{"id":"e53a944a-ff26-405b-95d9-fcc3d0b54028","block_type":"box","text":"the end of the month will include the dilution levy spread on that day.","page_number":1,"box":{"x":466,"y":736,"width":299,"height":7}},{"id":"f35fcb42-f16b-4cb1-a618-5f070f79141f","block_type":"box","text":"Fund statistics","page_number":1,"box":{"x":453,"y":745,"width":99,"height":9}},{"id":"148f6477-d756-4c0a-b69e-68b50b9a4824","block_type":"box","text":"Net asset value (GBP, 30.09.2026)","page_number":1,"box":{"x":454,"y":760,"width":180,"height":8}},{"id":"60b9cb42-fa4e-471f-9246-2d66a83eac90","block_type":"box","text":"0.56","page_number":1,"box":{"x":887,"y":760,"width":24,"height":6}},{"id":"b76c5e6a-0b10-44bf-b30c-05f5a216d5df","block_type":"box","text":"Last 12 months (GBP) – high","page_number":1,"box":{"x":454,"y":772,"width":151,"height":9}},{"id":"099845cf-8d3c-4c36-ab4f-a4d206c2fe66","block_type":"box","text":"0.58","page_number":1,"box":{"x":887,"y":773,"width":24,"height":6}},{"id":"e110eb74-3f0a-4d8f-89a8-4cba7b41c047","block_type":"box","text":"Last 12 months (GBP)","page_number":1,"box":{"x":454,"y":785,"width":114,"height":8}},{"id":"a8fdc2df-c464-4b18-98a8-f427d091c6db","block_type":"box","text":"– low","page_number":1,"box":{"x":572,"y":785,"width":30,"height":7}},{"id":"84db2b2d-ef9a-46b1-a012-1b92de656275","block_type":"box","text":"0.55","page_number":1,"box":{"x":887,"y":786,"width":24,"height":6}},{"id":"b6663990-ff2d-4d13-97c4-660a07f8c24f","block_type":"box","text":"Total fund assets (GBP m)","page_number":1,"box":{"x":453,"y":798,"width":136,"height":8}},{"id":"3f85a9cf-5cf7-46dd-9c4e-90f881dc6835","block_type":"box","text":"248.15","page_number":1,"box":{"x":873,"y":799,"width":38,"height":6}},{"id":"0875d257-f187-4f93-888b-745c24d34109","block_type":"box","text":"Share class assets (GBP m)","page_number":1,"box":{"x":454,"y":811,"width":139,"height":8}},{"id":"3921dd5c-197e-400b-af3c-a7b29cb4fe62","block_type":"box","text":"8.73","page_number":1,"box":{"x":887,"y":811,"width":23,"height":7}},{"id":"6a2cb9c8-15a4-46a7-9a86-65ea0366c5ee","block_type":"box","text":"3 years","page_number":1,"box":{"x":779,"y":836,"width":40,"height":9}},{"id":"4d7e8605-8dfd-47db-bd7c-aa12976cfdd2","block_type":"box","text":"5 years","page_number":1,"box":{"x":872,"y":836,"width":39,"height":9}},{"id":"cf036852-0ec6-47cb-9598-517d77a74bd8","block_type":"box","text":"Beta","page_number":1,"box":{"x":454,"y":848,"width":22,"height":7}},{"id":"ff35c93c-79f0-40e7-a845-f5d82eb9b45d","block_type":"box","text":"0.99","page_number":1,"box":{"x":795,"y":848,"width":23,"height":7}},{"id":"ef96ae10-d376-4afe-99e0-551d1c2f111c","block_type":"box","text":"1.02","page_number":1,"box":{"x":888,"y":848,"width":22,"height":7}},{"id":"fdc5bee5-e153-486c-9fdf-f37f422a2056","block_type":"box","text":"Volatility","page_number":1,"box":{"x":453,"y":860,"width":46,"height":9}},{"id":"59c33f5a-cd3b-46a6-b7ab-f3e49baacaa3","block_type":"box","text":"1","page_number":1,"box":{"x":500,"y":860,"width":2,"height":4}},{"id":"468ea1f5-5c2a-47b5-b40e-62eb606b3ca0","block_type":"box","text":"– Fund","page_number":1,"box":{"x":453,"y":872,"width":36,"height":6}},{"id":"ae6f5741-90b3-4a73-996d-258d8ae3fc6d","block_type":"box","text":"4.82%","page_number":1,"box":{"x":782,"y":872,"width":36,"height":7}},{"id":"51a8ac12-8898-4c7a-84e3-2ed0270162ed","block_type":"box","text":"7.87%","page_number":1,"box":{"x":875,"y":872,"width":35,"height":7}},{"id":"e46faa74-4692-435a-a753-c5655372d854","block_type":"box","text":"Sharpe ratio","page_number":1,"box":{"x":454,"y":884,"width":64,"height":8}},{"id":"8f8aebb9-1ea6-4a4a-85d4-fcbb65604ec9","block_type":"box","text":"0.09","page_number":1,"box":{"x":795,"y":884,"width":23,"height":6}},{"id":"bbff05b6-382a-4b6a-943e-8cad59acfa58","block_type":"box","text":"-0.59","page_number":1,"box":{"x":883,"y":884,"width":28,"height":6}},{"id":"05693206-2b23-4652-b867-ff88ea81b780","block_type":"box","text":"Risk free rate","page_number":1,"box":{"x":454,"y":895,"width":69,"height":7}},{"id":"13262667-c034-47bf-9808-3daaf6e15426","block_type":"box","text":"4.52%","page_number":1,"box":{"x":782,"y":896,"width":36,"height":7}},{"id":"908ed785-6c05-42b2-bc1d-0433aa1d14cf","block_type":"box","text":"3.70%","page_number":1,"box":{"x":875,"y":896,"width":35,"height":7}},{"id":"f00ddeb2-1272-45b5-b3cb-35512f60e2c0","block_type":"box","text":"1","page_number":1,"box":{"x":453,"y":908,"width":2,"height":4}},{"id":"c66d9325-c9ca-4996-95fe-5af2fcbf560c","block_type":"box","text":"Annualised standard deviation","page_number":1,"box":{"x":464,"y":907,"width":128,"height":6}},{"id":"05816cf5-9a11-4252-b365-c0b7e455f2b1","block_type":"box","text":"For more information","page_number":1,"box":{"x":86,"y":832,"width":151,"height":9}},{"id":"96a39784-9f58-4a9f-841a-88e083476498","block_type":"box","text":"Phone: 0800 358 3012 (Private Investor)","page_number":1,"box":{"x":87,"y":847,"width":257,"height":10}},{"id":"fb0ad555-cb52-4da1-af96-1fd016f2d3bf","block_type":"box","text":"Phone: 0800 587 2111 or contact your client advisor","page_number":1,"box":{"x":87,"y":860,"width":338,"height":10}},{"id":"1e13b443-3517-4a0b-a821-c7666bf63d7a","block_type":"box","text":"(Institutional Investor)","page_number":1,"box":{"x":86,"y":873,"width":137,"height":9}},{"id":"cff32b95-5ab2-4bb3-bc69-849d62cc0c4b","block_type":"box","text":"Calls to these numbers may be recorded","page_number":1,"box":{"x":86,"y":885,"width":257,"height":11}},{"id":"500df75a-9f8c-4dff-a10d-1fac0318a29f","block_type":"box","text":"Internet: www.ubs.com","page_number":1,"box":{"x":86,"y":898,"width":150,"height":9}},{"id":"35374e13-68ac-428f-9c59-ae1143a69783","block_type":"box","text":"1 ¦ 3","page_number":1,"box":{"x":894,"y":950,"width":19,"height":6}},{"id":"692af21d-ddaf-46c9-89e5-c0e1db0c4d4e","block_type":"box","text":"Credit quality (%)","page_number":2,"box":{"x":86,"y":117,"width":124,"height":11}},{"id":"e1d1583f-0fc9-4927-a25f-b2f69211973d","block_type":"box","text":"Fund","page_number":2,"box":{"x":454,"y":131,"width":28,"height":7}},{"id":"fcd327e1-d58c-4904-b7c3-c36067bb1a8f","block_type":"box","text":"AAA","page_number":2,"box":{"x":85,"y":144,"width":25,"height":6}},{"id":"7a0f69c9-2265-4c2b-be8b-f665e6b3ebe7","block_type":"box","text":"20.53","page_number":2,"box":{"x":452,"y":144,"width":30,"height":6}},{"id":"5d43ef5b-55a6-4a73-b547-da34143ec1d5","block_type":"box","text":"AA","page_number":2,"box":{"x":85,"y":156,"width":17,"height":6}},{"id":"42164697-6920-4aef-9104-b34cb1d70bfb","block_type":"box","text":"12.72","page_number":2,"box":{"x":453,"y":156,"width":29,"height":6}},{"id":"3b4c59d6-57ad-4fda-9cbb-66ecf6783c17","block_type":"box","text":"A","page_number":2,"box":{"x":85,"y":168,"width":8,"height":6}},{"id":"3545ce24-569d-4528-af27-13d021a10bc6","block_type":"box","text":"29.11","page_number":2,"box":{"x":452,"y":168,"width":28,"height":6}},{"id":"0a6da9a8-8528-4553-b984-16e539a5d844","block_type":"box","text":"BBB","page_number":2,"box":{"x":86,"y":180,"width":19,"height":6}},{"id":"26d4baf4-27c0-4628-a4cf-781ddcf76ab7","block_type":"box","text":"37.36","page_number":2,"box":{"x":452,"y":180,"width":30,"height":6}},{"id":"f5df17b5-e9cb-4234-a1df-ae2dadd0602e","block_type":"box","text":"HY","page_number":2,"box":{"x":86,"y":192,"width":15,"height":6}},{"id":"c2b7857c-ea71-4506-b57c-2ede3baf4cbc","block_type":"box","text":"0.28","page_number":2,"box":{"x":459,"y":192,"width":23,"height":6}},{"id":"00adf13d-171a-4460-ade0-9bf3f2958d51","block_type":"box","text":"Not rated","page_number":2,"box":{"x":86,"y":203,"width":49,"height":7}},{"id":"b7d18614-654a-40cb-beb2-58646a00ebe7","block_type":"box","text":"0.00","page_number":2,"box":{"x":459,"y":203,"width":23,"height":7}},{"id":"6017f3fb-3e72-4a96-86dc-2611cb258d39","block_type":"box","text":"Others","page_number":2,"box":{"x":86,"y":215,"width":34,"height":7}},{"id":"7f6bb072-8e0f-43d6-ba37-5a66403be3fb","block_type":"box","text":"0.00","page_number":2,"box":{"x":459,"y":215,"width":23,"height":7}},{"id":"6efc74a4-0007-4970-af6e-9d9697c44654","block_type":"box","text":"Sector exposure (%)","page_number":2,"box":{"x":515,"y":117,"width":142,"height":11}},{"id":"aee80ace-f535-4d45-bafa-8aa400ad269d","block_type":"box","text":"Fund","page_number":2,"box":{"x":883,"y":131,"width":27,"height":7}},{"id":"183af6fb-1686-4fd3-abba-bf5b7e6a4d10","block_type":"box","text":"Foreign Government/Supranationals","page_number":2,"box":{"x":515,"y":143,"width":192,"height":9}},{"id":"50b850e5-7bd6-4e89-9eca-f91bd67302b4","block_type":"box","text":"26.81","page_number":2,"box":{"x":881,"y":144,"width":28,"height":6}},{"id":"77036a06-01b8-40a3-bb41-0ff47da86af3","block_type":"box","text":"Banks","page_number":2,"box":{"x":515,"y":155,"width":30,"height":7}},{"id":"7374ccb7-4c13-491e-843c-8420f5501ff6","block_type":"box","text":"19.44","page_number":2,"box":{"x":881,"y":156,"width":30,"height":6}},{"id":"adf75f73-0da2-433b-b6a5-dac693b913ca","block_type":"box","text":"Utilities","page_number":2,"box":{"x":515,"y":167,"width":38,"height":7}},{"id":"c7db0a9d-09ed-4ee5-b0cf-68c3118c2307","block_type":"box","text":"13.33","page_number":2,"box":{"x":881,"y":168,"width":29,"height":6}},{"id":"86b9beb6-9068-4518-9caa-d9ebafaf56c2","block_type":"box","text":"Securitized","page_number":2,"box":{"x":515,"y":179,"width":56,"height":7}},{"id":"264d1b31-ab67-4f70-9daa-7629feb443ba","block_type":"box","text":"8.65","page_number":2,"box":{"x":887,"y":180,"width":24,"height":6}},{"id":"a2dee2de-abd9-421d-9586-1f9fd422bd3d","block_type":"box","text":"Insurance companies","page_number":2,"box":{"x":515,"y":191,"width":110,"height":9}},{"id":"5c34514e-fe34-4d69-933b-2bf15ab9f457","block_type":"box","text":"5.89","page_number":2,"box":{"x":888,"y":192,"width":23,"height":6}},{"id":"34fc6a73-3357-4842-974f-56b3f3889ea8","block_type":"box","text":"Consumer Goods","page_number":2,"box":{"x":515,"y":203,"width":92,"height":7}},{"id":"bef44d8b-07f4-410d-8bb1-37de87bf37b8","block_type":"box","text":"5.78","page_number":2,"box":{"x":888,"y":203,"width":23,"height":7}},{"id":"956f3789-dfa1-421a-9f60-7399714cc8f2","block_type":"box","text":"Industrials","page_number":2,"box":{"x":515,"y":215,"width":52,"height":7}},{"id":"77ecce7d-b198-4792-bab4-f725aa6132db","block_type":"box","text":"5.03","page_number":2,"box":{"x":888,"y":215,"width":22,"height":7}},{"id":"b730035a-5432-4253-b1f5-d9700c99c751","block_type":"box","text":"Telecommunication","page_number":2,"box":{"x":514,"y":227,"width":102,"height":7}},{"id":"d7a0326e-e1ea-4f18-aa31-e8f99c3fe9c2","block_type":"box","text":"3.74","page_number":2,"box":{"x":888,"y":227,"width":23,"height":7}},{"id":"34432625-4e50-4802-965e-42162d23803d","block_type":"box","text":"Real estate","page_number":2,"box":{"x":515,"y":239,"width":56,"height":7}},{"id":"23f655a3-04d0-4c21-8c08-c74577b36d3a","block_type":"box","text":"3.54","page_number":2,"box":{"x":888,"y":239,"width":23,"height":7}},{"id":"3af198da-6fcd-484d-b03f-544ed54e9bcc","block_type":"box","text":"Financials","page_number":2,"box":{"x":515,"y":251,"width":49,"height":7}},{"id":"ecc715be-83af-4943-ac7a-cef030ef4122","block_type":"box","text":"3.16","page_number":2,"box":{"x":888,"y":251,"width":23,"height":7}},{"id":"91896ed0-5998-46c1-bd55-73e840295bac","block_type":"box","text":"Technology","page_number":2,"box":{"x":514,"y":263,"width":60,"height":9}},{"id":"6fc9ddd4-5415-458a-9f07-989770c68a57","block_type":"box","text":"1.68","page_number":2,"box":{"x":888,"y":263,"width":23,"height":7}},{"id":"4bff2aa2-a802-4ea6-abd2-6a3288a1f4e9","block_type":"box","text":"Health care","page_number":2,"box":{"x":515,"y":275,"width":59,"height":7}},{"id":"aaa8312b-8830-42f3-b607-fa1d51b8f12b","block_type":"box","text":"1.26","page_number":2,"box":{"x":888,"y":275,"width":23,"height":7}},{"id":"4b0b5505-8bfa-4b49-be6e-7999fc3d5eeb","block_type":"box","text":"Oil and Gas","page_number":2,"box":{"x":514,"y":287,"width":62,"height":7}},{"id":"090f89f5-d94e-4f6a-98d4-410e0a1c5cf8","block_type":"box","text":"0.97","page_number":2,"box":{"x":887,"y":287,"width":23,"height":7}},{"id":"519b4c51-011f-4d20-bdd9-847f893910db","block_type":"box","text":"Educational Services","page_number":2,"box":{"x":515,"y":299,"width":106,"height":7}},{"id":"7b0f9950-7457-42d0-a28a-02a5daaf1825","block_type":"box","text":"0.46","page_number":2,"box":{"x":887,"y":299,"width":24,"height":7}},{"id":"80fb2fb2-53a4-49ea-90b4-6f4abfc4d1aa","block_type":"box","text":"Cash & Equivalents","page_number":2,"box":{"x":515,"y":311,"width":101,"height":9}},{"id":"9d9ae8d8-2c22-402d-8660-fd3805b3b9ed","block_type":"box","text":"0.26","page_number":2,"box":{"x":887,"y":311,"width":24,"height":7}},{"id":"f40a8a9b-307d-4a14-8942-82742aa9abe6","block_type":"box","text":"10 largest bond tickers","page_number":2,"box":{"x":86,"y":341,"width":160,"height":10}},{"id":"1a5a96e9-983a-478f-830e-753b11c505cc","block_type":"box","text":"1","page_number":2,"box":{"x":250,"y":341,"width":2,"height":4}},{"id":"2aafd381-a2a1-4d87-a629-82a8e91594b2","block_type":"box","text":"Fund","page_number":2,"box":{"x":456,"y":355,"width":28,"height":7}},{"id":"5d86ccf2-0bfd-45de-9fd7-26c3050b4a77","block_type":"box","text":"EUROPEAN INVESTMENT BANK","page_number":2,"box":{"x":86,"y":367,"width":168,"height":7}},{"id":"d6ba690b-59c5-4643-94a6-8cfe9dfa5e2b","block_type":"box","text":"3.39","page_number":2,"box":{"x":461,"y":367,"width":23,"height":7}},{"id":"2c6e43b5-73b2-4976-b70e-1b177d1119ae","block_type":"box","text":"KFW","page_number":2,"box":{"x":86,"y":380,"width":24,"height":6}},{"id":"8d07d93a-13c0-4b33-b601-bcf4a59c4c8a","block_type":"box","text":"3.10","page_number":2,"box":{"x":461,"y":379,"width":23,"height":7}},{"id":"6ca5c804-ea73-4052-87f8-2383fe22cc2e","block_type":"box","text":"INTL BK RECON & DEVELOP","page_number":2,"box":{"x":86,"y":391,"width":148,"height":7}},{"id":"edb96a56-7501-44e1-9dc8-2ca17f207984","block_type":"box","text":"2.06","page_number":2,"box":{"x":461,"y":391,"width":23,"height":7}},{"id":"7dae8046-a5cc-4d4d-9535-80d3becc76ce","block_type":"box","text":"HSBC HOLDINGS PLC","page_number":2,"box":{"x":86,"y":403,"width":113,"height":7}},{"id":"b869f582-b090-4007-abf0-bf16e471c244","block_type":"box","text":"1.78","page_number":2,"box":{"x":462,"y":403,"width":22,"height":7}},{"id":"b08d038d-3db4-4649-b178-95e618501768","block_type":"box","text":"ASIAN DEVELOPMENT BANK","page_number":2,"box":{"x":85,"y":415,"width":155,"height":7}},{"id":"11d7b6ea-53d0-4410-9f7a-328931e54952","block_type":"box","text":"1.49","page_number":2,"box":{"x":462,"y":415,"width":22,"height":7}},{"id":"47a9b4c6-f1b5-4878-bbdd-0ad0571ac3bc","block_type":"box","text":"Fund","page_number":2,"box":{"x":883,"y":355,"width":27,"height":7}},{"id":"cf772bce-f869-443b-9b6c-78465911d9d7","block_type":"box","text":"INTER-AMERICAN DEVEL BK","page_number":2,"box":{"x":513,"y":367,"width":151,"height":7}},{"id":"707a2952-66dc-4f58-b104-f405b87acd3b","block_type":"box","text":"1.35","page_number":2,"box":{"x":888,"y":367,"width":23,"height":7}},{"id":"ea7a17c1-a040-4823-944b-18e3a736d263","block_type":"box","text":"BARCLAYS PLC","page_number":2,"box":{"x":513,"y":379,"width":79,"height":7}},{"id":"81ef523c-f689-4dfa-be06-5a21a52dfc80","block_type":"box","text":"1.18","page_number":2,"box":{"x":888,"y":379,"width":23,"height":7}},{"id":"a74aa675-d411-4938-9c00-16622d3bf495","block_type":"box","text":"ALPHABET INC","page_number":2,"box":{"x":512,"y":391,"width":79,"height":7}},{"id":"84907521-25cb-4e23-8a84-c63bbf798e22","block_type":"box","text":"1.04","page_number":2,"box":{"x":888,"y":391,"width":23,"height":7}},{"id":"f4fc31e2-d487-43d3-8a85-89c1e9840cbd","block_type":"box","text":"ELECTRICITE DE FRANCE","page_number":2,"box":{"x":513,"y":403,"width":130,"height":7}},{"id":"98f66bb0-6aed-4d06-b7b4-4354876aff79","block_type":"box","text":"0.96","page_number":2,"box":{"x":887,"y":403,"width":24,"height":7}},{"id":"8fd97f5d-ed6c-40ec-9b32-f2041bdd2e14","block_type":"box","text":"HEATHROW FUNDING LTD","page_number":2,"box":{"x":513,"y":415,"width":140,"height":7}},{"id":"219b16d8-0d8a-4748-99de-4485b3e63e48","block_type":"box","text":"0.90","page_number":2,"box":{"x":887,"y":415,"width":24,"height":7}},{"id":"35d89077-8a06-44de-9ccf-331c93f78d2a","block_type":"box","text":"1","page_number":2,"box":{"x":86,"y":428,"width":2,"height":4}},{"id":"93f80384-db25-4728-b229-67508d20dbb4","block_type":"box","text":"This is not a recommendation to buy or sell any security.","page_number":2,"box":{"x":104,"y":427,"width":239,"height":7}},{"id":"bbc62aed-0f21-409e-9914-eb3ad3b3f665","block_type":"box","text":"Benefits","page_number":2,"box":{"x":86,"y":453,"width":57,"height":9}},{"id":"49630933-265c-490b-b92d-c896e60bdf4d","block_type":"box","text":"Investors can rely on an experienced and dedicated Index","page_number":2,"box":{"x":86,"y":468,"width":366,"height":10}},{"id":"19fe77e9-faf4-488a-9938-00af1079394a","block_type":"box","text":"Fixed Income portfolio management team with a proven track","page_number":2,"box":{"x":86,"y":481,"width":398,"height":10}},{"id":"7d88c3aa-3ffa-4100-88fd-db2a8305321e","block_type":"box","text":"record that draws upon the full breadth of UBS's global","page_number":2,"box":{"x":86,"y":494,"width":355,"height":10}},{"id":"0b039a2b-47f0-4777-9946-9c519fd8ac42","block_type":"box","text":"resources.","page_number":2,"box":{"x":86,"y":509,"width":62,"height":6}},{"id":"99ec25e0-ec30-4a13-baed-f7ee1b647a58","block_type":"box","text":"Risks","page_number":2,"box":{"x":515,"y":453,"width":34,"height":9}},{"id":"7655bf87-8560-4ce8-ba28-c764959def10","block_type":"box","text":"Interest rate risk: the value of","page_number":2,"box":{"x":515,"y":468,"width":186,"height":8}},{"id":"301f5ceb-d16d-4cfb-a6ca-1ab566ac3379","block_type":"box","text":"fixed","page_number":2,"box":{"x":706,"y":468,"width":30,"height":8}},{"id":"ecb51787-3e72-459d-8423-5b0bfe259304","block_type":"box","text":"rate bonds is sensitive to","page_number":2,"box":{"x":742,"y":468,"width":156,"height":8}},{"id":"023af306-40f1-42df-b9db-79cc4074e89f","block_type":"box","text":"changes in interest rates. Counterparty risk: counterparties","page_number":2,"box":{"x":514,"y":481,"width":376,"height":10}},{"id":"a0ed12a6-7380-487b-bbac-f43a9de41eb0","block_type":"box","text":"on trades may default or not comply with contractual","page_number":2,"box":{"x":514,"y":494,"width":343,"height":10}},{"id":"55d5e4c9-95b3-4cfc-84b2-8abf6b5a5418","block_type":"box","text":"obligations resulting in loss. Bond risk: Bonds (also known","page_number":2,"box":{"x":514,"y":506,"width":371,"height":11}},{"id":"9a1d1aeb-a9d1-41c0-8417-f9efa8bb3b74","block_type":"box","text":"as","page_number":2,"box":{"x":514,"y":522,"width":13,"height":6}},{"id":"9591ae4d-bd98-4e83-88c4-92bc0f8ae074","block_type":"box","text":"fixed","page_number":2,"box":{"x":532,"y":519,"width":29,"height":9}},{"id":"ada71f6a-3b44-41b3-a427-512ba79fc4f4","block_type":"box","text":"income securities) are impacted by Credit risk and","page_number":2,"box":{"x":568,"y":519,"width":317,"height":11}},{"id":"20dfaac0-556e-4a9d-af23-2b7532e45807","block_type":"box","text":"are sensitive to changes in interest rates and expectations of","page_number":2,"box":{"x":514,"y":532,"width":386,"height":11}},{"id":"8f2ffa9b-a87e-4397-8652-74ba0ee8abbc","block_type":"box","text":"future","page_number":2,"box":{"x":514,"y":545,"width":38,"height":8}},{"id":"36554b00-8a60-4563-9eb2-27c1e59b2f59","block_type":"box","text":"inflation.","page_number":2,"box":{"x":558,"y":545,"width":55,"height":8}},{"id":"e4035a6b-e593-44d3-bddf-77a51a64efc4","block_type":"box","text":"Bonds that produce a higher level of income","page_number":2,"box":{"x":620,"y":545,"width":283,"height":10}},{"id":"a52c05b0-6151-48d6-8829-61e81c70ab36","block_type":"box","text":"usually have a greater risk of default. Credit risk: A bond","page_number":2,"box":{"x":515,"y":558,"width":361,"height":10}},{"id":"37829ab3-ca95-44cc-b28a-d5caf008ac0b","block_type":"box","text":"or security could lose value if the issuer's","page_number":2,"box":{"x":514,"y":570,"width":261,"height":11}},{"id":"276ae1f7-e9be-40bb-baed-0d5b717247e3","block_type":"box","text":"financial","page_number":2,"box":{"x":780,"y":570,"width":52,"height":9}},{"id":"944a0e06-004c-40a4-b8d9-d0d251ac98d8","block_type":"box","text":"health","page_number":2,"box":{"x":838,"y":571,"width":38,"height":8}},{"id":"ef219aec-ea50-45a0-a543-8b87be51cc85","block_type":"box","text":"weakens. This risk is greater for bonds below investment","page_number":2,"box":{"x":514,"y":583,"width":364,"height":11}},{"id":"abb6650c-67e5-47bf-b514-334a98713735","block_type":"box","text":"grade (also known as high yield). Derivatives risk: derivatives","page_number":2,"box":{"x":515,"y":596,"width":385,"height":11}},{"id":"2bf688da-698a-45a3-b9e9-a9f9a9afe064","block_type":"box","text":"can be highly sensitive to changes in the value of the asset","page_number":2,"box":{"x":514,"y":609,"width":376,"height":11}},{"id":"502333a4-fde3-4cff-973c-20090c9e3dea","block_type":"box","text":"on which they are based which can increase the size of","page_number":2,"box":{"x":514,"y":622,"width":353,"height":10}},{"id":"1777ea75-64cc-47cb-a9bb-80540268383d","block_type":"box","text":"losses and gains. Liquidity risk: securities may become more","page_number":2,"box":{"x":515,"y":635,"width":381,"height":10}},{"id":"92207fb7-cf3d-42db-ba10-78773d4869d0","block_type":"box","text":"difficult","page_number":2,"box":{"x":515,"y":647,"width":47,"height":9}},{"id":"ed210fca-cf8a-465d-a0ac-d810f98c3127","block_type":"box","text":"to sell or sell at a desired price during","page_number":2,"box":{"x":567,"y":648,"width":239,"height":10}},{"id":"0f2a3ab0-0c0e-4fd5-8c00-725a1810b879","block_type":"box","text":"difficult","page_number":2,"box":{"x":812,"y":647,"width":47,"height":9}},{"id":"fa3e82c5-e8a9-483e-b16f-ae3bf44d4d8d","block_type":"box","text":"market","page_number":2,"box":{"x":865,"y":648,"width":44,"height":8}},{"id":"6b5be005-5a29-40e6-8e23-935d37629ff6","block_type":"box","text":"conditions.","page_number":2,"box":{"x":514,"y":660,"width":69,"height":9}},{"id":"737ec101-7514-4fe4-914d-4a503aecf6ac","block_type":"box","text":"Important information","page_number":2,"box":{"x":86,"y":703,"width":159,"height":11}},{"id":"8452ab32-156e-42f9-a34d-1df3e0b73579","block_type":"box","text":"Past performance is not a guide to future performance. The value of investments and the income from them may go down","page_number":2,"box":{"x":87,"y":718,"width":788,"height":10}},{"id":"b7a4aee7-fbe8-4fec-9d71-d5e5c9c9d6de","block_type":"box","text":"as well as up and are not guaranteed. Investors may not get back the amount originally invested. Changes in rates of","page_number":2,"box":{"x":86,"y":731,"width":752,"height":10}},{"id":"8f2d69cf-f8fa-40df-bd87-ad7fddb4f53b","block_type":"box","text":"exchange may cause the value of this investment to","page_number":2,"box":{"x":86,"y":744,"width":331,"height":10}},{"id":"707e3d3d-0958-49b8-bf76-10f92bf18875","block_type":"box","text":"fluctuate.","page_number":2,"box":{"x":422,"y":744,"width":60,"height":8}},{"id":"4e2f80b7-293a-471a-924e-5c228e5f65c2","block_type":"box","text":"The Sustainability Exclusion Policy of the Investment Manager","page_number":2,"box":{"x":488,"y":744,"width":394,"height":10}},{"id":"ebbce2dc-8888-42e1-af19-0147876f2aec","block_type":"box","text":"outlines the exclusions applicable to the investment universe of the Funds: https://www.ubs.com/global/en/asset-management/","page_number":2,"box":{"x":86,"y":756,"width":815,"height":11}},{"id":"c9560ff6-71e1-479f-85c1-301fa5d42340","block_type":"box","text":"investment-capabilities/sustainability.html. In addition, the controversial weapons exclusion applies to all UK domiciled funds.","page_number":2,"box":{"x":86,"y":769,"width":799,"height":11}},{"id":"3ae520a6-0a29-46ca-bc52-721ac62e3b4c","block_type":"box","text":"The information contained in this document should not be considered a recommendation to purchase or sell any particular","page_number":2,"box":{"x":85,"y":782,"width":790,"height":11}},{"id":"bb71dbca-638a-488b-939c-fe1407a7a2aa","block_type":"box","text":"security and the opinions expressed are those of UBS Asset Management and are subject to change without notice. This","page_number":2,"box":{"x":86,"y":795,"width":771,"height":10}},{"id":"ba4164bb-c33a-471a-9074-18c4a7f1a329","block_type":"box","text":"document is a marketing communication. Any market or investment views expressed are not intended to be investment","page_number":2,"box":{"x":86,"y":808,"width":770,"height":10}},{"id":"390aa554-a7ae-4d4e-a15b-0b9ffd4f96ec","block_type":"box","text":"research. The document has not been prepared in line with the Financial Conduct Authority requirements designed to promote","page_number":2,"box":{"x":86,"y":821,"width":816,"height":10}},{"id":"71e0f83b-bb34-4db7-8c23-176148e3099c","block_type":"box","text":"the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of","page_number":2,"box":{"x":86,"y":833,"width":770,"height":11}},{"id":"24318776-3458-4ac3-a06c-3ef5adeaf4a6","block_type":"box","text":"investment research. Please note that additional fees (e.g. entry or exit fees) may be charged. Please refer to your","page_number":2,"box":{"x":86,"y":846,"width":726,"height":11}},{"id":"1c896945-b67a-4e5e-a4d9-d55481b4f6a0","block_type":"box","text":"financial","page_number":2,"box":{"x":816,"y":846,"width":53,"height":9}},{"id":"e54a020b-c828-45db-af34-45e9f33d6491","block_type":"box","text":"adviser for more details. Investors should read the Key Investor Information Document (KIID), Prospectus and any applicable","page_number":2,"box":{"x":86,"y":859,"width":792,"height":11}},{"id":"2c8147dd-5fe8-46c7-a327-48b9f7fc2ffe","block_type":"box","text":"local","page_number":2,"box":{"x":86,"y":872,"width":27,"height":8}},{"id":"05ddc237-fda7-467b-919c-cc37d263f681","block_type":"box","text":"offering","page_number":2,"box":{"x":119,"y":872,"width":50,"height":10}},{"id":"3522bdb9-537e-435f-a12c-83b2e4598e85","block_type":"box","text":"document prior to investing. For a","page_number":2,"box":{"x":175,"y":872,"width":217,"height":10}},{"id":"13793c69-136d-4775-8b7b-5e1bf7fdf070","block_type":"box","text":"definition","page_number":2,"box":{"x":398,"y":872,"width":60,"height":8}},{"id":"b7764e4e-ed14-4f4a-ad32-3d7aa0aa3cc7","block_type":"box","text":"of","page_number":2,"box":{"x":464,"y":872,"width":12,"height":8}},{"id":"9d44cdc5-a9ff-446f-b431-f07b51547a47","block_type":"box","text":"financial","page_number":2,"box":{"x":481,"y":872,"width":52,"height":8}},{"id":"69d63735-94fb-404a-9abf-07905c9d7027","block_type":"box","text":"terms refer to the glossary available at www.ubs.com/","page_number":2,"box":{"x":539,"y":872,"width":347,"height":10}},{"id":"bc008033-843b-4edd-bf15-a15466767238","block_type":"box","text":"am-glossary. If you are in any doubt on the features of this product, or its appropriateness for your needs, please seek","page_number":2,"box":{"x":86,"y":885,"width":755,"height":10}},{"id":"08926fb8-d8a7-4893-ab64-8d60623cf28c","block_type":"box","text":"financial","page_number":2,"box":{"x":846,"y":885,"width":52,"height":8}},{"id":"537d2cb0-d915-4957-822b-e8b08bbf0a4c","block_type":"box","text":"advice. Private Investors: For any complaints, please contact Informationservices@ntrs.com. Institutional Investors: Please raise","page_number":2,"box":{"x":86,"y":898,"width":804,"height":10}},{"id":"1e66557b-b1ed-45bc-bad3-a0ff751e85a7","block_type":"box","text":"any complaints directly with your UBS contact, Client Relationship Manager or Client Advisor.","page_number":2,"box":{"x":86,"y":910,"width":598,"height":11}},{"id":"bd9bdc06-e345-43e1-b8c4-f60b71fb849e","block_type":"box","text":"UBS Sterling Corporate Indexed Bond Fund GBP Class C accumulation Shares (gross)","page_number":2,"box":{"x":87,"y":35,"width":780,"height":15}},{"id":"2cc72197-7769-485e-a909-f6257e180cbe","block_type":"box","text":"2 ¦ 3","page_number":2,"box":{"x":894,"y":940,"width":19,"height":6}},{"id":"50429456-f5d5-44df-ad4b-f8ce1173feff","block_type":"box","text":"Please note the following information about the Morningstar Ratings: © 2026 Morningstar. All Rights Reserved. The information","page_number":3,"box":{"x":87,"y":387,"width":824,"height":11}},{"id":"8a4d44e2-0e57-4c14-a011-e3a986f028ac","block_type":"box","text":"contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is","page_number":3,"box":{"x":86,"y":400,"width":810,"height":11}},{"id":"e79c4353-c66c-417a-9df3-fcada17e13ad","block_type":"box","text":"not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages","page_number":3,"box":{"x":86,"y":413,"width":827,"height":10}},{"id":"d180423f-72f4-46a5-bb92-132b3afbc194","block_type":"box","text":"or losses arising from any use of this information. Past performance is no guarantee of future results.","page_number":3,"box":{"x":86,"y":426,"width":646,"height":10}},{"id":"020b3d62-4bb4-4bee-90b2-0e9d6984861b","block_type":"box","text":"Your capital is at risk. The value of an investment may fall as well as rise and you may not get back the original","page_number":3,"box":{"x":85,"y":452,"width":828,"height":10}},{"id":"e865a137-5e1e-46b4-84ed-8220c4c049d7","block_type":"box","text":"amount. Please note that additional fees (e.g. entry or exit fees) may be charged. Please refer to your","page_number":3,"box":{"x":86,"y":465,"width":761,"height":10}},{"id":"4b796b79-4365-47ed-b98d-8d58310fc481","block_type":"box","text":"financial","page_number":3,"box":{"x":854,"y":465,"width":59,"height":8}},{"id":"d7f8b3e9-6de5-416e-8b19-5aaeeb5e6550","block_type":"box","text":"adviser for more details. Investors should read the Key Information Document, Prospectus andany applicable local","page_number":3,"box":{"x":86,"y":477,"width":827,"height":11}},{"id":"40cc93a4-d359-42f2-9e2f-973019ed2463","block_type":"box","text":"offering","page_number":3,"box":{"x":86,"y":490,"width":56,"height":11}},{"id":"759bd26f-2a7e-4830-9ed3-c394c62a23c6","block_type":"box","text":"document prior to investing and to get complete information of the risks. Investors are acquiring units or","page_number":3,"box":{"x":149,"y":490,"width":765,"height":11}},{"id":"6daa5f38-781b-4823-98c2-6ebebc8bb3c6","block_type":"box","text":"shares in a fund, and not in a given underlying asset such as building or shares of a company. For a","page_number":3,"box":{"x":86,"y":503,"width":731,"height":11}},{"id":"ee31e9bc-6174-4fc1-8b2c-2a1d608f6aa2","block_type":"box","text":"definition","page_number":3,"box":{"x":824,"y":503,"width":68,"height":9}},{"id":"d923d586-c90c-4f6f-ab43-a4395a8fcf4f","block_type":"box","text":"of","page_number":3,"box":{"x":899,"y":503,"width":15,"height":9}},{"id":"9d88d884-de75-4b83-9b81-307ef992f79b","block_type":"box","text":"financial","page_number":3,"box":{"x":85,"y":516,"width":60,"height":8}},{"id":"df38a1e2-adb0-4b53-8aaa-ed5caba16f83","block_type":"box","text":"terms refer to the glossary available at www.ubs.com/amglossary.","page_number":3,"box":{"x":150,"y":516,"width":470,"height":11}},{"id":"ff744097-91cb-4626-8367-e61bdaec3fef","block_type":"box","text":"For marketing and information purposes by UBS.","page_number":3,"box":{"x":86,"y":542,"width":367,"height":11}},{"id":"db0f69d9-98e7-4d59-b2d6-05557ac2c95e","block_type":"box","text":"This communication is approved and communicated by UBS Asset","page_number":3,"box":{"x":462,"y":542,"width":451,"height":11}},{"id":"18c43dd3-cfee-4b0f-be7b-b1e7e1a8eb92","block_type":"box","text":"Management (UK) Ltd, authorized & regulated by the Financial Conduct Authority and does not constitute investment advice.","page_number":3,"box":{"x":87,"y":555,"width":825,"height":11}},{"id":"2659f326-f613-440a-89e6-2fce4c4eeb03","block_type":"box","text":"Prospectuses, key investor information documents (KIID) where applicable, the articles of association or the management","page_number":3,"box":{"x":87,"y":568,"width":826,"height":11}},{"id":"28f87b16-75e0-4af8-a646-41971faaa796","block_type":"box","text":"regulations as well as annual and semi-annual reports are available for the purpose of inspection and obtaining copies thereof in","page_number":3,"box":{"x":86,"y":581,"width":826,"height":10}},{"id":"c0aca655-4457-4d99-a775-df35e0a27fd2","block_type":"box","text":"a language required by the local applicable law free of charge at UBS Asset Management (UK) Ltd, 5 Broadgate, London, EC2M","page_number":3,"box":{"x":86,"y":594,"width":827,"height":10}},{"id":"977f75c6-4c81-4e98-8ba0-068ec518d0bc","block_type":"box","text":"2QS and online at www.fundinfo.com. Before investing in a product please read the latest prospectus and key information","page_number":3,"box":{"x":86,"y":607,"width":826,"height":10}},{"id":"905496e2-7c00-4eee-9883-a025350a97fc","block_type":"box","text":"document or similar legal documentation carefully and thoroughly. Any decision to invest should take into account all the","page_number":3,"box":{"x":86,"y":619,"width":827,"height":11}},{"id":"1a66ecdc-7ae9-4d44-a53b-4a5e1fce35c6","block_type":"box","text":"characteristics or objectives of the product as described in its prospectus, or similar legal documentation. Investors are acquiring","page_number":3,"box":{"x":86,"y":632,"width":827,"height":11}},{"id":"9bcd6a50-1577-4e2a-b092-6878e6a50d60","block_type":"box","text":"units or shares in a fund, and not in a given underlying asset such as building or shares of a company. The information and","page_number":3,"box":{"x":86,"y":645,"width":827,"height":11}},{"id":"63ede67e-265e-4685-b45b-a2712ff295bc","block_type":"box","text":"opinions contained in this document have been compiled or arrived at based upon information obtained from sources believed","page_number":3,"box":{"x":86,"y":658,"width":826,"height":10}},{"id":"4460bd6d-a746-4bbb-bc4e-7c3789be1892","block_type":"box","text":"to be reliable and in good faith, but is not guaranteed as being accurate, nor is it a complete statement or summary of the","page_number":3,"box":{"x":86,"y":671,"width":827,"height":10}},{"id":"db57b49b-bce4-4f0d-a567-231a449aa67a","block_type":"box","text":"securities, markets or developments referred to in the document. Any Index referenced in this document is not administered","page_number":3,"box":{"x":86,"y":684,"width":827,"height":10}},{"id":"1393590d-4aae-477a-935d-881eabf9cddf","block_type":"box","text":"by UBS. Members of the UBS Group may have a position in and may make a purchase and / or sale of any of the securities","page_number":3,"box":{"x":86,"y":696,"width":827,"height":11}},{"id":"1aba6905-7cac-4717-8133-0ff170434060","block_type":"box","text":"or other","page_number":3,"box":{"x":86,"y":709,"width":52,"height":9}},{"id":"0fda4a59-2c37-4e19-8b1d-1c8aa507dfde","block_type":"box","text":"financial","page_number":3,"box":{"x":145,"y":709,"width":52,"height":9}},{"id":"4694192c-e915-4e9c-a78a-1d26fd6447eb","block_type":"box","text":"instruments mentioned in this document. Units of UBS funds mentioned herein may not be eligible for sale","page_number":3,"box":{"x":205,"y":709,"width":708,"height":11}},{"id":"254391cc-7e12-4f6d-8b2a-c1efd5b358d7","block_type":"box","text":"in all jurisdictions or to certain categories of investors and may not be","page_number":3,"box":{"x":86,"y":722,"width":476,"height":11}},{"id":"8563a7dd-7d9d-4a19-9edc-966897f80717","block_type":"box","text":"offered,","page_number":3,"box":{"x":570,"y":722,"width":49,"height":10}},{"id":"2eed0f40-f7e8-4b4a-80e9-487c38ccbf78","block_type":"box","text":"sold or delivered in the United States. The","page_number":3,"box":{"x":628,"y":722,"width":285,"height":8}},{"id":"654579d0-2782-47af-ae5a-50fb36ab59bb","block_type":"box","text":"information mentioned herein is not intended to be construed as a solicitation or an","page_number":3,"box":{"x":86,"y":735,"width":544,"height":8}},{"id":"aa8e6cca-f06b-46fd-964d-0fd74fd5d845","block_type":"box","text":"offer","page_number":3,"box":{"x":637,"y":735,"width":30,"height":8}},{"id":"e0c32bf9-f3bf-494a-9ce1-a1b76982fe66","block_type":"box","text":"to buy or sell any securities or related","page_number":3,"box":{"x":672,"y":735,"width":241,"height":10}},{"id":"1b1e38eb-2a01-4b16-b859-97be94c8cbd9","block_type":"box","text":"financial","page_number":3,"box":{"x":86,"y":748,"width":52,"height":8}},{"id":"169f9917-12b3-4bb9-9846-75198d6fe883","block_type":"box","text":"instruments. Past performance is not a reliable indicator of future results. The calculated performance takes all costs","page_number":3,"box":{"x":146,"y":748,"width":767,"height":10}},{"id":"862c7dfa-06d4-49b7-976a-196743812791","block_type":"box","text":"on the product level into consideration (ongoing costs). The entry and exit costs, which would have a negative impact on the","page_number":3,"box":{"x":86,"y":761,"width":827,"height":10}},{"id":"cb834fe3-d289-474b-af3d-afd9bfe723f3","block_type":"box","text":"performance, are not taken into consideration. If whole or part of the total costs to be paid is","page_number":3,"box":{"x":86,"y":773,"width":629,"height":11}},{"id":"766bba91-2d2c-48e1-8238-60a90d20b4b2","block_type":"box","text":"different","page_number":3,"box":{"x":723,"y":773,"width":53,"height":9}},{"id":"95bea645-4c21-4ee9-ba98-6ef741baec87","block_type":"box","text":"from your reference","page_number":3,"box":{"x":783,"y":773,"width":130,"height":11}},{"id":"09a536a9-51b4-46cf-a9d0-6fd1af1075cc","block_type":"box","text":"currency, the costs may increase or decrease as a result of currency and exchange rate","page_number":3,"box":{"x":86,"y":786,"width":581,"height":11}},{"id":"21521114-c988-4a04-ba2b-7af767206507","block_type":"box","text":"fluctuations.","page_number":3,"box":{"x":674,"y":786,"width":78,"height":9}},{"id":"607a8f1f-f551-4ed0-bf7d-542148291891","block_type":"box","text":"Commissions and costs","page_number":3,"box":{"x":761,"y":786,"width":152,"height":9}},{"id":"d834a097-94b8-463f-bb75-5c86adf10ad6","block_type":"box","text":"have a negative impact on the investment and on the expected returns. If the currency of a","page_number":3,"box":{"x":86,"y":799,"width":628,"height":11}},{"id":"0242f7a9-572c-4d36-ad1e-ef5eb25f8fa6","block_type":"box","text":"financial","page_number":3,"box":{"x":722,"y":799,"width":52,"height":8}},{"id":"b585a9b0-955b-4373-8244-8c553661fcd8","block_type":"box","text":"product or","page_number":3,"box":{"x":784,"y":799,"width":69,"height":10}},{"id":"b724d3b4-47ab-49e1-b506-aee959617a54","block_type":"box","text":"financial","page_number":3,"box":{"x":860,"y":799,"width":53,"height":8}},{"id":"9233f9ce-fabe-4aeb-bf61-b7a590235154","block_type":"box","text":"service is","page_number":3,"box":{"x":86,"y":812,"width":58,"height":8}},{"id":"abaa3128-d36e-4cbe-a752-1c4d4e5cdd45","block_type":"box","text":"different","page_number":3,"box":{"x":152,"y":812,"width":54,"height":8}},{"id":"af2965b1-065e-4f1c-8ea5-a4ac99ce03b1","block_type":"box","text":"from your reference currency, the return can increase or decrease as a result of currency and exchange","page_number":3,"box":{"x":213,"y":812,"width":700,"height":10}},{"id":"aacf5096-fe07-4d21-9f2c-1033c890e6b1","block_type":"box","text":"rate","page_number":3,"box":{"x":86,"y":826,"width":24,"height":7}},{"id":"e360fc52-39e4-4ae4-81bb-abcfe59515a7","block_type":"box","text":"fluctuations.","page_number":3,"box":{"x":117,"y":825,"width":78,"height":8}},{"id":"af9dbe6f-29ec-4376-bf25-ae39075c1d0d","block_type":"box","text":"This information pays no regard to the","page_number":3,"box":{"x":202,"y":825,"width":258,"height":10}},{"id":"52a8543e-b64a-45f6-8e92-e65af350120f","block_type":"box","text":"specific","page_number":3,"box":{"x":467,"y":825,"width":46,"height":10}},{"id":"40a22aef-e597-4123-b628-c468b29ed289","block_type":"box","text":"or future investment objectives,","page_number":3,"box":{"x":520,"y":825,"width":207,"height":10}},{"id":"e101c2ba-3ee7-440d-81a8-c6841b624c3a","block_type":"box","text":"financial","page_number":3,"box":{"x":735,"y":825,"width":52,"height":8}},{"id":"154fbdb0-e2e7-4532-a253-f55f5bc15e32","block_type":"box","text":"or tax situation or","page_number":3,"box":{"x":795,"y":825,"width":118,"height":8}},{"id":"daaf0b8e-3919-45b3-879b-63903ebf85ae","block_type":"box","text":"particular needs of any","page_number":3,"box":{"x":86,"y":837,"width":152,"height":11}},{"id":"c22be93c-73fe-4b4f-8ec8-652c23902771","block_type":"box","text":"specific","page_number":3,"box":{"x":244,"y":837,"width":47,"height":11}},{"id":"b2180bb8-7398-4735-8b63-67de3f4ad74c","block_type":"box","text":"recipient. Future performance is subject to taxation which depends on the personal situation","page_number":3,"box":{"x":298,"y":837,"width":615,"height":11}},{"id":"ca4fafec-fb12-4a4c-bb7d-ea6cd628e31b","block_type":"box","text":"of each investor and which may change in the future. The details and opinions contained in this document are provided by","page_number":3,"box":{"x":86,"y":850,"width":828,"height":11}},{"id":"fb6c62c8-03fd-4f26-a24c-3a9e563cd4fd","block_type":"box","text":"UBS without any guarantee or warranty and are for the recipient's personal use and information purposes only. This document","page_number":3,"box":{"x":86,"y":863,"width":827,"height":11}},{"id":"ff7a2d32-8401-4bfd-a407-d597407dedca","block_type":"box","text":"may not be reproduced, redistributed or republished for any purpose without the prior written permission of the relevant","page_number":3,"box":{"x":86,"y":876,"width":828,"height":11}},{"id":"82b0f311-78d6-4ca9-8837-d51f70ff3ad6","block_type":"box","text":"UBS management company or the relevant local UBS entity responsible for distribution, as applicable. Source for all data and","page_number":3,"box":{"x":86,"y":889,"width":827,"height":10}},{"id":"6993bb9c-b39d-452b-8f34-280ed0e98ea2","block_type":"box","text":"charts (if not indicated otherwise): UBS Asset Management. A summary of investor rights in English can be found online at","page_number":3,"box":{"x":86,"y":902,"width":827,"height":10}},{"id":"440f2a11-8138-49ad-950c-0d1f75316b6f","block_type":"box","text":"www.ubs.com/funds-regulatoryinformation. More explanations of","page_number":3,"box":{"x":85,"y":914,"width":424,"height":11}},{"id":"41926dd0-4a53-4b2e-bb1d-d94c5f095ca0","block_type":"box","text":"financial","page_number":3,"box":{"x":514,"y":914,"width":53,"height":9}},{"id":"d1e5ba3f-2b63-42fc-9c8c-a08342001387","block_type":"box","text":"terms can be found at www.ubs.com/am-glossary.","page_number":3,"box":{"x":572,"y":914,"width":322,"height":11}},{"id":"5444a524-e62b-4015-98d6-03e63c0598f3","block_type":"box","text":"© UBS 2026. The key symbol and UBS are among the registered and unregistered trademarks of UBS. All rights reserved.","page_number":3,"box":{"x":86,"y":927,"width":775,"height":11}},{"id":"aa47c048-caf7-4923-9007-353e591de137","block_type":"box","text":"929670|911079","page_number":3,"box":{"x":934,"y":878,"width":10,"height":60}},{"id":"18a839d4-b8d0-4393-a842-e4fbd065e9de","block_type":"box","text":"UBS Sterling Corporate Indexed Bond Fund GBP Class C accumulation Shares (gross)","page_number":3,"box":{"x":87,"y":35,"width":780,"height":15}},{"id":"62649ae7-20a2-485d-8aa0-527c5b99ea4a","block_type":"box","text":"3 ¦ 3","page_number":3,"box":{"x":894,"y":940,"width":19,"height":6}},{"id":"f080c27d-b45d-4e39-b355-3a1d20792c46","block_type":"box","text":"UBS AM standard glossary. For additional investment terms, please refer to the online glossary","page_number":4,"box":{"x":87,"y":102,"width":662,"height":10}},{"id":"0a7c6013-a456-4f44-a928-e429f5a602fb","block_type":"box","text":"here","page_number":4,"box":{"x":755,"y":102,"width":30,"height":8}},{"id":"06bac395-da93-4af5-9f3a-8f545f79b32b","block_type":"box","text":".","page_number":4,"box":{"x":787,"y":109,"width":2,"height":1}},{"id":"104daf64-8155-4723-9fc1-b25ccd0cbae1","block_type":"box","text":"Accumulation","page_number":4,"box":{"x":85,"y":125,"width":97,"height":8}},{"id":"7ecda520-e69c-4f69-af8c-7e65c735a803","block_type":"box","text":": Reinvestment of income generated by the","page_number":4,"box":{"x":184,"y":125,"width":276,"height":10}},{"id":"6c1cbc7f-61d6-4df6-8e26-1dd90b7b1703","block_type":"box","text":"investment fund into the fund's assets.","page_number":4,"box":{"x":86,"y":138,"width":248,"height":8}},{"id":"ba9ef149-8c44-4b51-91e6-be76d021bbb3","block_type":"box","text":"Active management","page_number":4,"box":{"x":85,"y":151,"width":143,"height":10}},{"id":"b34bc90e-92a2-4255-a825-942ab6d83297","block_type":"box","text":": Here the fund manager uses their","page_number":4,"box":{"x":230,"y":150,"width":223,"height":11}},{"id":"1daefbae-40eb-4eeb-97cc-919699b09bc6","block_type":"box","text":"expertise to pick investments to achieve the fund's objectives.","page_number":4,"box":{"x":86,"y":163,"width":394,"height":11}},{"id":"28768150-9170-4c60-af7e-1ba907517b73","block_type":"box","text":"Alpha","page_number":4,"box":{"x":85,"y":176,"width":41,"height":11}},{"id":"8c3d79c8-fbd0-4a69-b491-916d5b4f0e5f","block_type":"box","text":": A fund's alpha is its outperformance relative to a","page_number":4,"box":{"x":129,"y":176,"width":320,"height":11}},{"id":"32bd354e-bc78-40a2-87d9-b222edba7f94","block_type":"box","text":"benchmark. If a fund has a consistently high alpha this can","page_number":4,"box":{"x":86,"y":189,"width":376,"height":11}},{"id":"8e85ed42-8560-4a0a-8c7b-922c0776eef5","block_type":"box","text":"indicate skillful management. If the benchmark returns 12%","page_number":4,"box":{"x":86,"y":202,"width":387,"height":10}},{"id":"87bc7f40-27e7-40bc-91d2-aa981b0b5530","block_type":"box","text":"and the portfolio returns 14%, the outperformance (alpha) is","page_number":4,"box":{"x":86,"y":215,"width":393,"height":10}},{"id":"aa06cebd-3da6-425c-b070-27d45cea8276","block_type":"box","text":"equal to 14% - 12% = 2%. Compare with beta.","page_number":4,"box":{"x":86,"y":228,"width":311,"height":10}},{"id":"5266e79f-1b73-4bc5-9ef8-e85b97ff6c5f","block_type":"box","text":"Benchmark","page_number":4,"box":{"x":86,"y":240,"width":78,"height":9}},{"id":"2c4bb73d-846d-4f16-a6e5-750895849d3d","block_type":"box","text":": Index against which an investment fund's","page_number":4,"box":{"x":166,"y":240,"width":273,"height":11}},{"id":"84fd844a-56e7-43d0-a89a-9fd6eb7f1c0d","block_type":"box","text":"performance is measured. Also called a reference index.","page_number":4,"box":{"x":86,"y":253,"width":356,"height":11}},{"id":"4c86384f-cb1f-403c-942d-7daddaacbd91","block_type":"box","text":"Beta","page_number":4,"box":{"x":86,"y":267,"width":30,"height":7}},{"id":"441709c7-26e1-43cb-8cfa-ac102bcbdb55","block_type":"box","text":": A measure of risk that indicates an investment's","page_number":4,"box":{"x":119,"y":266,"width":314,"height":8}},{"id":"aa4ea0c3-4f0e-40e2-a355-8bab60b74ed9","block_type":"box","text":"sensitivity to","page_number":4,"box":{"x":86,"y":279,"width":78,"height":10}},{"id":"7e17f786-e212-410c-9b01-56984c7f1b92","block_type":"box","text":"fluctuations","page_number":4,"box":{"x":169,"y":279,"width":74,"height":8}},{"id":"970e8aa1-02c8-4e34-a93b-8a5983fd9d73","block_type":"box","text":"in the market, as represented by the","page_number":4,"box":{"x":249,"y":279,"width":232,"height":10}},{"id":"611a97ec-0552-459a-8544-6008e741a46a","block_type":"box","text":"relevant benchmark. For example, a beta of 1.2 tells us that","page_number":4,"box":{"x":86,"y":292,"width":383,"height":10}},{"id":"0ae6c397-1f8f-4afa-b21c-b3d9269a7142","block_type":"box","text":"the value of an investment fund can be expected to change","page_number":4,"box":{"x":86,"y":305,"width":383,"height":10}},{"id":"d75f9457-b712-477c-a32a-c3ab368776a0","block_type":"box","text":"by 12% if the market is forecast to move by 10%.","page_number":4,"box":{"x":86,"y":317,"width":322,"height":11}},{"id":"e062a138-55ac-4977-8cab-895262656d2e","block_type":"box","text":"Bonds","page_number":4,"box":{"x":86,"y":330,"width":42,"height":9}},{"id":"cd7ea07a-c676-41f1-a5e6-17d7d8e166bf","block_type":"box","text":": Debt instruments with a","page_number":4,"box":{"x":130,"y":330,"width":162,"height":9}},{"id":"3209a1d3-d692-437d-b1a4-fe2a32466ff2","block_type":"box","text":"fixed","page_number":4,"box":{"x":297,"y":330,"width":30,"height":9}},{"id":"88b5f029-12c4-4e8a-8596-da31bc4aa3d2","block_type":"box","text":"or variable rate of","page_number":4,"box":{"x":333,"y":330,"width":113,"height":9}},{"id":"adf84d9c-6d91-4c74-b15f-54e358956a4c","block_type":"box","text":"interest and generally with a","page_number":4,"box":{"x":86,"y":343,"width":181,"height":11}},{"id":"3da4becb-d4ca-4fcf-8ad6-c03347058059","block_type":"box","text":"fixed","page_number":4,"box":{"x":273,"y":343,"width":29,"height":8}},{"id":"ed3a4ef8-c902-4be9-bab1-85cac51e9de3","block_type":"box","text":"maturity and redemption","page_number":4,"box":{"x":309,"y":343,"width":158,"height":11}},{"id":"32e7cdde-56ed-4291-9737-a84031855b14","block_type":"box","text":"date. The most common issuers are major companies,","page_number":4,"box":{"x":86,"y":356,"width":345,"height":11}},{"id":"ed241f93-83de-409c-8118-d364464fa790","block_type":"box","text":"government bodies such as the federal government and the","page_number":4,"box":{"x":86,"y":369,"width":385,"height":10}},{"id":"076135bf-28aa-42c7-9fd9-8a6d97642b39","block_type":"box","text":"cantons, public institutions, and international organizations","page_number":4,"box":{"x":86,"y":382,"width":380,"height":10}},{"id":"081c32a7-8834-4c3c-838e-43408718ac82","block_type":"box","text":"such as the World Bank or the International Monetary Fund.","page_number":4,"box":{"x":86,"y":395,"width":385,"height":10}},{"id":"7d95e508-57b7-4f15-aab2-5b60c8edcb59","block_type":"box","text":"Commodities","page_number":4,"box":{"x":86,"y":407,"width":92,"height":9}},{"id":"71d62874-6c21-4bdb-b3eb-998af57cbe03","block_type":"box","text":": A tradeable item that can be further","page_number":4,"box":{"x":180,"y":407,"width":240,"height":9}},{"id":"143729c3-a384-417b-9631-11a662d4c47a","block_type":"box","text":"processed and sold. Industrial (metals), agricultural (wool,","page_number":4,"box":{"x":86,"y":420,"width":367,"height":11}},{"id":"e21113d4-a7ca-4b09-a133-096e3ba744f3","block_type":"box","text":"wheat, sugar) and bulk commodities (coal, iron ore) are","page_number":4,"box":{"x":85,"y":433,"width":356,"height":11}},{"id":"51269bfa-f36b-4989-9dfc-356d3823827e","block_type":"box","text":"examples. It is possible to invest in physical commodities or","page_number":4,"box":{"x":86,"y":446,"width":378,"height":10}},{"id":"997d56cb-da87-41b9-b855-72bf0e4bc2bd","block_type":"box","text":"in derivatives based on commodity prices.","page_number":4,"box":{"x":86,"y":459,"width":266,"height":10}},{"id":"2a11f0de-256f-4821-9f5f-0d36d2e10782","block_type":"box","text":"Convertible bonds","page_number":4,"box":{"x":86,"y":472,"width":129,"height":8}},{"id":"f97690a4-d4bb-4664-af19-ae634c01057e","block_type":"box","text":": Bonds that feature a conversion right","page_number":4,"box":{"x":217,"y":471,"width":246,"height":11}},{"id":"7987d229-05fb-454f-ac27-009392d8af9f","block_type":"box","text":"entitling the holder to convert the bond into shares of the","page_number":4,"box":{"x":86,"y":484,"width":371,"height":11}},{"id":"ec68e2d5-fbef-443d-be7c-53761b8cf4d2","block_type":"box","text":"company in question at a certain point in time and at a","page_number":4,"box":{"x":86,"y":497,"width":353,"height":11}},{"id":"9f7576a4-17d1-4320-9746-cfb0785c298f","block_type":"box","text":"pre","page_number":4,"box":{"x":445,"y":500,"width":24,"height":8}},{"id":"08288db0-915c-4c5b-8d97-ed6d9e98e79d","block_type":"box","text":"defined","page_number":4,"box":{"x":86,"y":510,"width":47,"height":8}},{"id":"0f914ab7-1677-4ceb-821e-50135ea317c4","block_type":"box","text":"conversion ratio.","page_number":4,"box":{"x":139,"y":510,"width":104,"height":8}},{"id":"46709a9a-dd54-4446-a5f2-39cc058fa222","block_type":"box","text":"Corporate bonds","page_number":4,"box":{"x":86,"y":523,"width":118,"height":10}},{"id":"32a93e70-a4c2-46bb-9511-3337570bb1d7","block_type":"box","text":": Strictly speaking, corporate bonds are","page_number":4,"box":{"x":206,"y":523,"width":249,"height":10}},{"id":"31d38e38-a3b6-4b52-a01d-91f1e39e966d","block_type":"box","text":"those issued by companies. Generally, however, the term","page_number":4,"box":{"x":86,"y":536,"width":363,"height":10}},{"id":"2da59fac-61bb-4212-828b-0ed247098630","block_type":"box","text":"is used to cover all bonds other than those issued","page_number":4,"box":{"x":86,"y":549,"width":316,"height":8}},{"id":"b4435b94-68d4-4730-a431-553a1c2f1977","block_type":"box","text":"by governments in their own currencies. Therefore the","page_number":4,"box":{"x":86,"y":561,"width":348,"height":11}},{"id":"ca3c592b-9394-4b3d-97e7-1dad8101ccba","block_type":"box","text":"\"credit\" sector, as it is","page_number":4,"box":{"x":88,"y":574,"width":139,"height":10}},{"id":"aac97dd4-3a61-4f23-adc2-66de06e8aa63","block_type":"box","text":"often","page_number":4,"box":{"x":232,"y":574,"width":32,"height":9}},{"id":"f2f1b75c-db26-4fe3-97a5-f91fe9482bfe","block_type":"box","text":"known, includes issues by","page_number":4,"box":{"x":271,"y":574,"width":164,"height":11}},{"id":"43fc11f2-eabf-4c24-b21a-bd393ee412bf","block_type":"box","text":"companies, supranational organizations and government","page_number":4,"box":{"x":86,"y":587,"width":365,"height":11}},{"id":"b2342a8e-7730-4184-b8f3-09129eac345c","block_type":"box","text":"agencies. The key feature that distinguishes corporate bonds","page_number":4,"box":{"x":86,"y":600,"width":389,"height":10}},{"id":"ea95c69a-2932-462d-8250-e60bf6d058f9","block_type":"box","text":"from government bonds is the risk of default – see credit risk.","page_number":4,"box":{"x":86,"y":613,"width":394,"height":10}},{"id":"a5cd5712-3414-4f46-b389-294d4f59bfa0","block_type":"box","text":"Correlation","page_number":4,"box":{"x":86,"y":626,"width":78,"height":8}},{"id":"dd17fc34-616a-44eb-9c46-9913083a12fd","block_type":"box","text":": A measure of the degree to which the price","page_number":4,"box":{"x":166,"y":626,"width":287,"height":10}},{"id":"cd6228dd-71a1-41aa-a6cc-982ab5af1734","block_type":"box","text":"trends of various investment categories or instruments move","page_number":4,"box":{"x":86,"y":638,"width":387,"height":11}},{"id":"855228c1-3879-4097-8992-b77648974349","block_type":"box","text":"in the same direction.","page_number":4,"box":{"x":86,"y":651,"width":137,"height":9}},{"id":"bd4ca91b-7ec9-40d4-976f-bdb6ec4fd1bc","block_type":"box","text":"Derivatives","page_number":4,"box":{"x":86,"y":664,"width":79,"height":8}},{"id":"6c518037-4fd5-46d2-8ea2-f88cc8dafabd","block_type":"box","text":": Investments whose value is linked to another","page_number":4,"box":{"x":167,"y":664,"width":295,"height":8}},{"id":"ef80315c-c5df-44b7-a2ef-c721049ea171","block_type":"box","text":"investment, to the performance of a stock exchange or to","page_number":4,"box":{"x":86,"y":677,"width":371,"height":11}},{"id":"8b8f7338-9852-4f8f-abd7-810b7fafa1c9","block_type":"box","text":"some other variable factor, such as interest rates.","page_number":4,"box":{"x":86,"y":690,"width":312,"height":10}},{"id":"051751e1-7bcb-47ec-ab24-e2e706c886cc","block_type":"box","text":"Distribution","page_number":4,"box":{"x":86,"y":703,"width":83,"height":8}},{"id":"c046d97e-e135-4432-98c5-43ee6217710f","block_type":"box","text":": Payment by an investment fund to distribute","page_number":4,"box":{"x":172,"y":703,"width":292,"height":10}},{"id":"a6f1d4df-45d3-41e5-9ca3-ee6bcce2f105","block_type":"box","text":"the income generated to its unit holders.","page_number":4,"box":{"x":86,"y":716,"width":261,"height":10}},{"id":"4a2dc247-4a5b-485a-a966-51ea6ae3bfce","block_type":"box","text":"Diversification","page_number":4,"box":{"x":86,"y":728,"width":101,"height":9}},{"id":"4a4f24b5-b282-41f4-b417-6f7a4cf02429","block_type":"box","text":": Holding a variety of investments that","page_number":4,"box":{"x":189,"y":728,"width":244,"height":11}},{"id":"091ada6a-6fca-4fd4-a1ab-021b3f027179","block_type":"box","text":"typically perform","page_number":4,"box":{"x":86,"y":741,"width":106,"height":11}},{"id":"527ae072-a651-42ad-8905-4addfe556b03","block_type":"box","text":"differently","page_number":4,"box":{"x":198,"y":741,"width":64,"height":11}},{"id":"4e02261d-2502-44f9-9cbd-6631adc90721","block_type":"box","text":"from one another.","page_number":4,"box":{"x":266,"y":741,"width":115,"height":9}},{"id":"ea34b217-65af-43d8-8054-98dc444c8e59","block_type":"box","text":"Duration","page_number":4,"box":{"x":86,"y":754,"width":61,"height":8}},{"id":"fe49b9d7-77b8-4917-bd1c-e30756937e80","block_type":"box","text":": The duration represents the length of time for","page_number":4,"box":{"x":150,"y":754,"width":302,"height":11}},{"id":"f3339411-bd3d-4e56-85b0-4f50cfb9998e","block_type":"box","text":"which capital is \"tied up\" in a bond investment. The concept","page_number":4,"box":{"x":85,"y":767,"width":392,"height":10}},{"id":"d28c2c30-7b25-4235-bbce-809676ffbcb3","block_type":"box","text":"of duration takes account of the time structure of returning","page_number":4,"box":{"x":86,"y":780,"width":382,"height":10}},{"id":"d6db07b7-a5c3-465b-bc01-39a85f525e4c","block_type":"box","text":"cash","page_number":4,"box":{"x":86,"y":793,"width":27,"height":8}},{"id":"6c4cc83d-e2fc-47f3-890a-aa22d047f2e9","block_type":"box","text":"flows","page_number":4,"box":{"x":118,"y":793,"width":34,"height":8}},{"id":"634ac0f5-0828-457a-b19e-373d3471d770","block_type":"box","text":"(such as coupon repayments). The average","page_number":4,"box":{"x":157,"y":793,"width":273,"height":10}},{"id":"443c6fac-178c-4964-9642-5c5e6daeb237","block_type":"box","text":"duration of the portfolio is derived from the weighted","page_number":4,"box":{"x":86,"y":805,"width":345,"height":11}},{"id":"faf48db6-555c-4a30-af69-2e0461b7c49e","block_type":"box","text":"average duration of the individual securities. The","page_number":4,"box":{"x":86,"y":818,"width":311,"height":11}},{"id":"09dd2a75-0f32-4e22-a72d-2e8987a0b48d","block_type":"box","text":"\"modified","page_number":4,"box":{"x":405,"y":818,"width":61,"height":9}},{"id":"d1ccb96a-bceb-4a2e-bc18-a115730489ba","block_type":"box","text":"duration\" is derived from the duration and provides a","page_number":4,"box":{"x":86,"y":831,"width":343,"height":11}},{"id":"fdaa56d8-e701-4b1e-bac1-c17b283a2905","block_type":"box","text":"measure of the sensitivity of bonds or bond portfolios to","page_number":4,"box":{"x":86,"y":844,"width":361,"height":11}},{"id":"c2a1631d-bf73-4822-845c-3f9a963ad6dc","block_type":"box","text":"interest rate changes.","page_number":4,"box":{"x":86,"y":857,"width":136,"height":10}},{"id":"53eda569-e3ad-42e1-9eba-71150fb093f3","block_type":"box","text":"Emerging economy or market","page_number":4,"box":{"x":86,"y":870,"width":210,"height":10}},{"id":"a46e11eb-5a7f-47ca-af82-16a4c639ae97","block_type":"box","text":": Emerging markets or","page_number":4,"box":{"x":298,"y":870,"width":141,"height":10}},{"id":"a6dd5135-b168-4719-a8dc-0c4ff822dec9","block_type":"box","text":"developing markets – mainly in Asia, Eastern Europe, and","page_number":4,"box":{"x":86,"y":883,"width":367,"height":10}},{"id":"08020c72-c745-4876-9a19-6b73e35d99c5","block_type":"box","text":"Latin America – that are growing quickly, but whose","page_number":4,"box":{"x":86,"y":895,"width":334,"height":11}},{"id":"65117ba7-ed25-4fbe-829b-bcb58708c336","block_type":"box","text":"economies and stock markets have not yet reached Western","page_number":4,"box":{"x":86,"y":908,"width":386,"height":11}},{"id":"63c97680-6a50-4599-934a-a3ba0614cd0a","block_type":"box","text":"standards.","page_number":4,"box":{"x":86,"y":921,"width":64,"height":8}},{"id":"7b95c47d-0912-4716-8972-e86e3a5bdd70","block_type":"box","text":"Equities","page_number":4,"box":{"x":515,"y":125,"width":55,"height":10}},{"id":"868f3f58-f1cd-480c-b5e5-fcf8758d8f88","block_type":"box","text":": Securities that represent an equity interest in a","page_number":4,"box":{"x":572,"y":125,"width":304,"height":10}},{"id":"cce9ae5d-749d-44a6-ac96-36fc078c0489","block_type":"box","text":"company. As a joint owner, the shareholder has rights of","page_number":4,"box":{"x":514,"y":138,"width":363,"height":10}},{"id":"cfbe1132-d1bb-4a28-b5b5-905d84047dca","block_type":"box","text":"participation (voting right, right to information) and rights to","page_number":4,"box":{"x":515,"y":150,"width":389,"height":11}},{"id":"8e436f03-3a06-4ab5-ba47-b32f40c4e52b","block_type":"box","text":"assets (right to a share of","page_number":4,"box":{"x":514,"y":163,"width":161,"height":11}},{"id":"93b3816f-22e0-4314-b876-60015304e06e","block_type":"box","text":"profits,","page_number":4,"box":{"x":681,"y":163,"width":43,"height":11}},{"id":"cb5845a3-43a0-466b-bb80-7f22b3304f24","block_type":"box","text":"subscription rights).","page_number":4,"box":{"x":730,"y":163,"width":124,"height":11}},{"id":"c01b793f-fed4-4bb6-8218-fbccf17b4a26","block_type":"box","text":"Exchange traded fund (ETF)","page_number":4,"box":{"x":515,"y":176,"width":194,"height":11}},{"id":"8fe1915b-f15f-45e1-9747-79178b63d5ca","block_type":"box","text":":  An investment fund that is","page_number":4,"box":{"x":711,"y":176,"width":182,"height":8}},{"id":"48d4b2b6-0382-4068-8ef7-7578fd3b1b3f","block_type":"box","text":"traded like stocks on an exchange. Most ETFs are index funds:","page_number":4,"box":{"x":514,"y":189,"width":397,"height":10}},{"id":"9b5b4e58-0a22-4610-a4c0-6670f54c75cd","block_type":"box","text":"they hold the same securities in the same proportions as a","page_number":4,"box":{"x":514,"y":202,"width":372,"height":10}},{"id":"157c8886-3523-4e03-8f8e-9e840b3ccf60","block_type":"box","text":"certain index.","page_number":4,"box":{"x":514,"y":215,"width":85,"height":8}},{"id":"6b28711b-e120-48b5-98bc-41e957f1991b","block_type":"box","text":"Feeder fund","page_number":4,"box":{"x":515,"y":227,"width":83,"height":9}},{"id":"ba0bf331-cebb-4e9c-888c-6e56e9ab4068","block_type":"box","text":": An investment fund that invests the majority of","page_number":4,"box":{"x":601,"y":227,"width":311,"height":11}},{"id":"a9cf24d5-0848-4a7c-8a53-42e4d4a0a94c","block_type":"box","text":"its assets into a master fund.","page_number":4,"box":{"x":515,"y":240,"width":181,"height":9}},{"id":"87d61d87-1d86-4e60-8fec-cfcc2795f84e","block_type":"box","text":"Flat fee","page_number":4,"box":{"x":515,"y":253,"width":51,"height":8}},{"id":"8231a5ab-711f-4ad1-9c2c-33234d8d5577","block_type":"box","text":": UBS applies a so-called","page_number":4,"box":{"x":568,"y":253,"width":153,"height":11}},{"id":"bd0038e5-6df0-4c06-82c0-b14dbca600c7","block_type":"box","text":"flat","page_number":4,"box":{"x":727,"y":253,"width":20,"height":8}},{"id":"bd409e92-da47-4798-b9d0-b730f36d7947","block_type":"box","text":"fee to most securities","page_number":4,"box":{"x":752,"y":253,"width":136,"height":8}},{"id":"437fd133-d2ac-4eba-a1ff-5a5682d56dac","block_type":"box","text":"and money market funds. This fee is charged to the fund's","page_number":4,"box":{"x":514,"y":266,"width":376,"height":11}},{"id":"2b6fe26a-7503-47c8-98ab-afc8ff5f1aa3","block_type":"box","text":"assets and covers all expenses incurred in the management,","page_number":4,"box":{"x":514,"y":279,"width":382,"height":10}},{"id":"98189a90-f1a9-4777-b5cf-3de6dc6a5660","block_type":"box","text":"administration and safekeeping of the fund's assets as well","page_number":4,"box":{"x":514,"y":292,"width":378,"height":10}},{"id":"3e49a87d-9cfd-4fb8-9d5d-7c7aa418491d","block_type":"box","text":"as costs incurred in the distribution of the fund (printing","page_number":4,"box":{"x":514,"y":304,"width":360,"height":11}},{"id":"e7948776-9f7f-4978-8373-c1b7d2e7bb85","block_type":"box","text":"prospectuses, annual and semi-annual reports, costs for","page_number":4,"box":{"x":515,"y":317,"width":357,"height":11}},{"id":"a5da864e-d8db-47ef-9e7c-ffabeedf9eaf","block_type":"box","text":"auditing and publication of prices, fees charged by the","page_number":4,"box":{"x":514,"y":330,"width":350,"height":11}},{"id":"68f38f71-be24-4700-8ad3-550b52e4b9b6","block_type":"box","text":"supervisory authority etc.). The only costs not covered are","page_number":4,"box":{"x":514,"y":343,"width":368,"height":11}},{"id":"c781000b-1fdf-4946-bc6e-1ff597ad4dd2","block_type":"box","text":"transaction costs incurred in the administration of the fund's","page_number":4,"box":{"x":514,"y":356,"width":389,"height":8}},{"id":"241583e8-4f99-4f47-8f35-ad9758e0c32b","block_type":"box","text":"assets (brokerage fees in line with the market, fees, duties","page_number":4,"box":{"x":514,"y":369,"width":373,"height":10}},{"id":"884a4e05-e3d4-4a64-a54c-adde8d73a421","block_type":"box","text":"etc. as well as any applicable taxes). UBS's","page_number":4,"box":{"x":514,"y":382,"width":270,"height":10}},{"id":"47f5ce18-0e7d-44cc-ac43-c37d55882aa7","block_type":"box","text":"flat","page_number":4,"box":{"x":789,"y":381,"width":20,"height":9}},{"id":"f42733a4-36a1-4e39-8639-6b7b64d9e729","block_type":"box","text":"fee is","page_number":4,"box":{"x":814,"y":381,"width":33,"height":9}},{"id":"c4de3c30-3c57-4aed-8b4a-ad014692371b","block_type":"box","text":"comprehensive and very client-friendly. It cannot be compared","page_number":4,"box":{"x":514,"y":394,"width":398,"height":11}},{"id":"0894a8c3-c1b3-4f4a-9de5-236445568dd4","block_type":"box","text":"with similarly named fees from other fund providers, because","page_number":4,"box":{"x":514,"y":407,"width":393,"height":11}},{"id":"d4049554-3a5f-4dc6-b832-4fee840cf943","block_type":"box","text":"these","page_number":4,"box":{"x":514,"y":420,"width":34,"height":8}},{"id":"3bf5485d-6668-42c3-9f5d-95a1c9887a3c","block_type":"box","text":"often","page_number":4,"box":{"x":553,"y":420,"width":33,"height":8}},{"id":"6a81de99-af19-412a-b7c0-7fc35b95b8d7","block_type":"box","text":"only cover part of the investor's","page_number":4,"box":{"x":592,"y":420,"width":202,"height":11}},{"id":"37c0751c-b865-48a3-9d2c-7dda4d0b9125","block_type":"box","text":"effective","page_number":4,"box":{"x":799,"y":420,"width":53,"height":8}},{"id":"7d1cda9c-054d-4f2d-8956-5d24391df332","block_type":"box","text":"costs.","page_number":4,"box":{"x":858,"y":421,"width":34,"height":7}},{"id":"366c50b1-a5bc-49ef-99be-fe634eac498e","block_type":"box","text":"Also refer to \"management fee\". The","page_number":4,"box":{"x":514,"y":433,"width":242,"height":10}},{"id":"68fada45-2cb5-4772-bfe3-c6c14b708541","block_type":"box","text":"flat","page_number":4,"box":{"x":761,"y":433,"width":20,"height":8}},{"id":"2418740b-8234-491d-abcb-91a3136182c1","block_type":"box","text":"fee is not charged","page_number":4,"box":{"x":786,"y":433,"width":115,"height":10}},{"id":"16ef1dc8-00f1-45c4-9dc5-29db80e675b5","block_type":"box","text":"to the investor, but directly to the fund's assets. For example,","page_number":4,"box":{"x":514,"y":446,"width":391,"height":10}},{"id":"d04a16a6-c98b-45b9-9124-bbbc08a5a2ed","block_type":"box","text":"UBS Funds domiciled in Luxembourg, Switzerland or Germany","page_number":4,"box":{"x":515,"y":459,"width":398,"height":10}},{"id":"9957d8a3-05dd-4ea4-ba41-816a24ea7ef3","block_type":"box","text":"with the exception of UBS Real Estate Funds, charge a \"Flat","page_number":4,"box":{"x":514,"y":471,"width":383,"height":11}},{"id":"c115a16a-602c-4f57-b6f7-78110b492e15","block_type":"box","text":"fee\".","page_number":4,"box":{"x":514,"y":484,"width":31,"height":8}},{"id":"3a64be06-00d6-4e91-ac18-1098bfe4c3f6","block_type":"box","text":"Hedging","page_number":4,"box":{"x":515,"y":497,"width":58,"height":11}},{"id":"32f09ef4-aea5-400a-8de2-0e027dcd0b0e","block_type":"box","text":": Protecting investments against losses. UBS asset","page_number":4,"box":{"x":576,"y":497,"width":314,"height":10}},{"id":"22d77084-ae0e-4265-97fd-14d569c90175","block_type":"box","text":"allocation funds and hedged UBS ETFs","page_number":4,"box":{"x":514,"y":510,"width":245,"height":10}},{"id":"5ecb4061-62d7-4144-a0ca-5342d5b01241","block_type":"box","text":"specifically","page_number":4,"box":{"x":765,"y":510,"width":67,"height":10}},{"id":"6178ee53-4256-45ac-bbc2-29888190e903","block_type":"box","text":"hedge","page_number":4,"box":{"x":838,"y":510,"width":38,"height":10}},{"id":"f230c303-a77b-4c41-abf7-90a0162c1c3a","block_type":"box","text":"against exchange rate risks.","page_number":4,"box":{"x":514,"y":523,"width":176,"height":10}},{"id":"240cd46d-83d5-4cb7-89f1-c63f03d02bd1","block_type":"box","text":"High watermark","page_number":4,"box":{"x":515,"y":536,"width":115,"height":10}},{"id":"3ea274bb-3a3a-40b5-9593-fb18e2e52a8d","block_type":"box","text":": The high watermark is used in connection","page_number":4,"box":{"x":631,"y":536,"width":276,"height":10}},{"id":"36d1ef25-dc4e-4432-8609-48ff50ff1925","block_type":"box","text":"with the performance fee. The fund manager calculates his or","page_number":4,"box":{"x":514,"y":548,"width":398,"height":11}},{"id":"12d435c7-a50f-4a6b-b181-323e1eb8422f","block_type":"box","text":"her share of the","page_number":4,"box":{"x":515,"y":561,"width":100,"height":9}},{"id":"18796dcc-ea1c-4229-9173-bf5200e1ba6a","block_type":"box","text":"profits","page_number":4,"box":{"x":621,"y":561,"width":40,"height":11}},{"id":"df0a3b9e-690e-4f25-a28c-d022747f25fb","block_type":"box","text":"on the basis of the value increment","page_number":4,"box":{"x":666,"y":561,"width":226,"height":9}},{"id":"03126fba-e5cd-4da3-9fb3-c847c1c480d0","block_type":"box","text":"over and above the last peak in the NAV. As a result, the","page_number":4,"box":{"x":514,"y":574,"width":362,"height":11}},{"id":"92ebfba3-0296-43ea-9fd0-a7a28c8abe0f","block_type":"box","text":"performance fee does not become payable until all losses","page_number":4,"box":{"x":515,"y":587,"width":367,"height":10}},{"id":"9eaf9651-edce-4386-91e4-9e3109dbbf93","block_type":"box","text":"incurred have been completely recovered.","page_number":4,"box":{"x":515,"y":600,"width":265,"height":10}},{"id":"2c66436e-8cae-4212-8283-5cf389c2b65e","block_type":"box","text":"High yield bonds","page_number":4,"box":{"x":515,"y":613,"width":118,"height":10}},{"id":"9cd806f4-61fa-45be-a01f-537e4a4d4d19","block_type":"box","text":": Bonds issued by borrowers with lower","page_number":4,"box":{"x":635,"y":613,"width":252,"height":10}},{"id":"cacde170-d8d1-4f7d-a866-72b705a58575","block_type":"box","text":"credit ratings. Such bonds","page_number":4,"box":{"x":514,"y":626,"width":166,"height":10}},{"id":"1eb1fb67-1eb9-4b11-8c67-66ea6ccdb2df","block_type":"box","text":"offer","page_number":4,"box":{"x":686,"y":625,"width":29,"height":9}},{"id":"276ac17a-5d2f-4b6d-9522-282b81b9f6e4","block_type":"box","text":"higher rates of interest, but at","page_number":4,"box":{"x":721,"y":625,"width":192,"height":11}},{"id":"95cafe29-c1b2-4334-bcda-cd8783323415","block_type":"box","text":"the same time there is also a higher risk of default, i.e. that","page_number":4,"box":{"x":514,"y":638,"width":380,"height":11}},{"id":"e58486b3-fa2b-4791-85ef-92b48eaf0d83","block_type":"box","text":"interest payments will not be paid or that the face value will","page_number":4,"box":{"x":515,"y":651,"width":384,"height":11}},{"id":"dacda193-7512-418c-9338-91a5ef6de400","block_type":"box","text":"not be repaid.","page_number":4,"box":{"x":515,"y":664,"width":88,"height":10}},{"id":"c9cf21ca-676d-44a9-8bfc-7f7c938e4eb4","block_type":"box","text":"Illiquid","page_number":4,"box":{"x":515,"y":677,"width":46,"height":10}},{"id":"c4f8164f-0a2f-45c6-a3fc-f9a4a88b2d26","block_type":"box","text":": Illiquid assets are those assets that cannot be easily","page_number":4,"box":{"x":564,"y":677,"width":334,"height":10}},{"id":"b642e211-fea3-473f-a2d3-c2dcd20562f8","block_type":"box","text":"bought, sold, or converted into cash. It may","page_number":4,"box":{"x":515,"y":690,"width":280,"height":10}},{"id":"d1d199ef-a93b-4f52-a755-30b15b74f939","block_type":"box","text":"often","page_number":4,"box":{"x":800,"y":690,"width":33,"height":8}},{"id":"cbf6e29d-2954-4b91-8b26-cf24673c185e","block_type":"box","text":"be","page_number":4,"box":{"x":839,"y":690,"width":14,"height":8}},{"id":"e479cac1-28c5-471b-9331-18eed5d4050f","block_type":"box","text":"impossible to convert the asset to cash until the end of the","page_number":4,"box":{"x":515,"y":702,"width":376,"height":11}},{"id":"3fad4b17-86d7-49ef-a233-03975dae8c7a","block_type":"box","text":"life of the asset.","page_number":4,"box":{"x":515,"y":715,"width":100,"height":9}},{"id":"27bfd21a-15fd-4fd7-b000-e5b34754524f","block_type":"box","text":"Index","page_number":4,"box":{"x":515,"y":728,"width":38,"height":8}},{"id":"06c82cd1-c496-4526-ad1d-218047503fe9","block_type":"box","text":": Indicator of performance on one or more markets.","page_number":4,"box":{"x":555,"y":728,"width":330,"height":11}},{"id":"b41f9769-7baa-4f4c-8f20-63feee555d95","block_type":"box","text":"The oldest and best-known stock market index is the Dow","page_number":4,"box":{"x":514,"y":741,"width":374,"height":8}},{"id":"204bfbc1-f900-4386-9273-4939b0e70eff","block_type":"box","text":"Jones. Indexes make it possible to compare the performance","page_number":4,"box":{"x":514,"y":754,"width":388,"height":10}},{"id":"0291659c-c3d6-4c0f-b1c3-7421fb8c1fb9","block_type":"box","text":"of a fund invested in a","page_number":4,"box":{"x":514,"y":767,"width":143,"height":8}},{"id":"1984cfea-2599-4c7e-b572-f3f95b20aafa","block_type":"box","text":"specific","page_number":4,"box":{"x":663,"y":767,"width":46,"height":10}},{"id":"12cfb07e-f921-4242-9992-7aecc2d78bc0","block_type":"box","text":"market with the development","page_number":4,"box":{"x":715,"y":767,"width":190,"height":10}},{"id":"d110415b-2d4c-495e-acd2-066d9f786a88","block_type":"box","text":"of that market.","page_number":4,"box":{"x":514,"y":779,"width":96,"height":9}},{"id":"94340c51-7f64-4362-80ba-efde29bc1471","block_type":"box","text":"Index fund","page_number":4,"box":{"x":515,"y":792,"width":75,"height":9}},{"id":"008c98b8-5d17-401a-ac15-e588013b3d8a","block_type":"box","text":": An investment fund that replicates a chosen","page_number":4,"box":{"x":593,"y":792,"width":289,"height":11}},{"id":"a54076dd-db35-4744-a042-41c26b0df0be","block_type":"box","text":"stock market index in its stock selection and weightings as","page_number":4,"box":{"x":514,"y":805,"width":375,"height":11}},{"id":"b836235c-969c-4612-bb96-283ba3bff840","block_type":"box","text":"exactly as possible.","page_number":4,"box":{"x":514,"y":818,"width":119,"height":11}},{"id":"8bb8a3a6-cad5-4d9b-90b1-bff0cbedd9fe","block_type":"box","text":"Inflation-linked","page_number":4,"box":{"x":515,"y":831,"width":107,"height":8}},{"id":"7771692a-77d1-4b95-979c-5b24a222e800","block_type":"box","text":"bonds","page_number":4,"box":{"x":628,"y":831,"width":42,"height":8}},{"id":"25399d63-86bc-4891-bd11-9359cc82ced3","block_type":"box","text":": An","page_number":4,"box":{"x":672,"y":832,"width":25,"height":7}},{"id":"b6275668-df68-403a-b176-beed4ada0ad5","block_type":"box","text":"inflation-linked","page_number":4,"box":{"x":703,"y":831,"width":94,"height":8}},{"id":"9ac42eee-9296-4d2e-8618-ff5dba1763d7","block_type":"box","text":"bond provides","page_number":4,"box":{"x":804,"y":831,"width":90,"height":10}},{"id":"f30f1c0a-c013-42bb-857d-107b6ea7a5c3","block_type":"box","text":"investors with protection from","page_number":4,"box":{"x":515,"y":844,"width":192,"height":10}},{"id":"7ae3f457-86bd-4a84-b78f-3f4d4db654d2","block_type":"box","text":"inflation","page_number":4,"box":{"x":714,"y":844,"width":50,"height":8}},{"id":"f5131a92-5d3e-4d89-b13a-85b436851f30","block_type":"box","text":"by linking its principal","page_number":4,"box":{"x":771,"y":844,"width":137,"height":10}},{"id":"6e5d0ab1-c51c-44de-a558-6026d2d493f1","block_type":"box","text":"amount or interest payments to a","page_number":4,"box":{"x":514,"y":857,"width":214,"height":10}},{"id":"fcc5b447-c275-4ce8-b3a5-89644b367b02","block_type":"box","text":"specific","page_number":4,"box":{"x":734,"y":857,"width":46,"height":10}},{"id":"fdf037de-d8dd-4821-8b77-8c2610c45893","block_type":"box","text":"inflation","page_number":4,"box":{"x":786,"y":857,"width":51,"height":8}},{"id":"49a6c065-d945-4acb-b1e9-31fea8794de4","block_type":"box","text":"index.","page_number":4,"box":{"x":843,"y":857,"width":36,"height":8}},{"id":"100595d5-478a-4669-a9d7-c49bffa06072","block_type":"box","text":"Investment grade","page_number":4,"box":{"x":515,"y":870,"width":123,"height":10}},{"id":"903d127c-ca63-457c-9577-00de26c02ba3","block_type":"box","text":": Term used to denote securities with","page_number":4,"box":{"x":640,"y":870,"width":235,"height":8}},{"id":"f5084ef0-5696-4e61-a9ce-5b14ba1a8e78","block_type":"box","text":"ratings of between BBB and AAA, indicating that their credit","page_number":4,"box":{"x":515,"y":882,"width":388,"height":11}},{"id":"33414fbd-6f0a-404f-863c-f40aa2392c65","block_type":"box","text":"quality is satisfactory or good.","page_number":4,"box":{"x":515,"y":895,"width":190,"height":11}},{"id":"effa2dcc-a950-45c6-b3c4-f64f41d86ae4","block_type":"box","text":"Leverage","page_number":4,"box":{"x":515,"y":909,"width":63,"height":10}},{"id":"27b4db58-278b-46b2-8c31-07273d33021a","block_type":"box","text":": With derivative instruments, greater returns can","page_number":4,"box":{"x":580,"y":908,"width":313,"height":11}},{"id":"57055197-dff0-421c-94a0-78ee8685d2cc","block_type":"box","text":"be earned with a comparatively lower capital investment than","page_number":4,"box":{"x":515,"y":921,"width":395,"height":10}},{"id":"e171c8bc-ac84-48fb-8aad-6ba17b87efba","block_type":"box","text":"UBS Sterling Corporate Indexed Bond Fund GBP Class C accumulation Shares (gross)","page_number":4,"box":{"x":87,"y":35,"width":780,"height":15}},{"id":"787bea58-d1ea-4b32-a4b8-f5d469aaa92f","block_type":"box","text":"Glossary 1 ¦ 2","page_number":4,"box":{"x":852,"y":960,"width":61,"height":8}},{"id":"aad7c9f4-f8e3-446b-85a7-432ecd2f4dfe","block_type":"box","text":"with an investment in the actual underlying instrument. This","page_number":5,"box":{"x":85,"y":102,"width":387,"height":10}},{"id":"4f803d72-6559-4428-a788-4c42615f764e","block_type":"box","text":"effect","page_number":5,"box":{"x":86,"y":115,"width":36,"height":8}},{"id":"f2345a07-5fc7-4930-ad03-98366e2ecb6c","block_type":"box","text":"is called leverage.","page_number":5,"box":{"x":127,"y":115,"width":110,"height":10}},{"id":"de192723-adc9-4142-88a5-9fcca24ed182","block_type":"box","text":"Management fee","page_number":5,"box":{"x":86,"y":127,"width":120,"height":11}},{"id":"7b1c2df4-1d4c-41bb-9dd8-001f1e7ad3c3","block_type":"box","text":": The charge levied by the management","page_number":5,"box":{"x":209,"y":127,"width":253,"height":11}},{"id":"c5e7d4e2-ae61-4f64-a558-075ddccea034","block_type":"box","text":"company for the administration of an investment fund. The","page_number":5,"box":{"x":86,"y":140,"width":381,"height":11}},{"id":"374950ff-0c64-4b8b-8a77-9f47cf451061","block_type":"box","text":"amount of the fee is expressed in percentage or tenth of","page_number":5,"box":{"x":86,"y":153,"width":363,"height":11}},{"id":"6512e47b-b505-47f1-86ff-5f4b25d91b12","block_type":"box","text":"a percentage of the fund assets or in basis points. Less","page_number":5,"box":{"x":86,"y":166,"width":349,"height":10}},{"id":"9f4f3652-d279-4c13-81a7-0fe2c0eff55e","block_type":"box","text":"comprehensive than UBS's all-in fee and covers only part of","page_number":5,"box":{"x":86,"y":179,"width":381,"height":10}},{"id":"1323f69a-331a-4b3a-a3c9-f045261dfc6d","block_type":"box","text":"the costs due.","page_number":5,"box":{"x":86,"y":192,"width":88,"height":8}},{"id":"d723fab4-37a2-47f7-9aa4-22c00c60543e","block_type":"box","text":"Management style","page_number":5,"box":{"x":86,"y":205,"width":131,"height":10}},{"id":"f95d774d-6d30-441b-9888-3dfc8b65e829","block_type":"box","text":": Manner in which investment decisions","page_number":5,"box":{"x":219,"y":205,"width":253,"height":8}},{"id":"0fc5d5b4-bf43-4d97-bb4f-43009005da44","block_type":"box","text":"are made to achieve the investment objective (see also active","page_number":5,"box":{"x":86,"y":217,"width":390,"height":11}},{"id":"7537d0b8-8a98-41db-8a63-b8208821cda9","block_type":"box","text":"management and passive management).","page_number":5,"box":{"x":86,"y":230,"width":260,"height":11}},{"id":"49878695-2b37-4d57-a734-f77ef7b75649","block_type":"box","text":"Master fund","page_number":5,"box":{"x":86,"y":243,"width":86,"height":8}},{"id":"0538d9f0-e8e0-4bd6-a461-5eb7c1b02393","block_type":"box","text":": Funds invested in respective feeder funds that","page_number":5,"box":{"x":174,"y":243,"width":301,"height":10}},{"id":"fde20925-e22f-40e8-9ca4-253aaa6d74ff","block_type":"box","text":"are then invested into the master fund. The master fund","page_number":5,"box":{"x":86,"y":256,"width":360,"height":8}},{"id":"d0dd6402-c594-42fb-bcb8-6a958549073b","block_type":"box","text":"holds the portfolio investments and conducts all trading","page_number":5,"box":{"x":86,"y":269,"width":358,"height":10}},{"id":"228a5322-42c4-4338-bd93-c906b342bdb2","block_type":"box","text":"activity.","page_number":5,"box":{"x":86,"y":282,"width":45,"height":10}},{"id":"3f46f130-f179-4f09-8fa4-aab05b0832ec","block_type":"box","text":"Maturity","page_number":5,"box":{"x":86,"y":295,"width":61,"height":10}},{"id":"a4128031-e2c5-42fb-827b-3ad3d2c7a5e8","block_type":"box","text":": Period from the issue of a bond to its due date or","page_number":5,"box":{"x":149,"y":294,"width":325,"height":9}},{"id":"0c103242-42ce-49c8-901d-7b66ce63da01","block_type":"box","text":"to the premature repayment of the bond. Not to be confused","page_number":5,"box":{"x":86,"y":307,"width":394,"height":11}},{"id":"40aa773a-55a0-4ba7-85e7-86e390ce2f77","block_type":"box","text":"with duration.","page_number":5,"box":{"x":85,"y":320,"width":90,"height":8}},{"id":"581818f9-c443-4f8c-98dc-a50731129833","block_type":"box","text":"Net asset value (NAV)","page_number":5,"box":{"x":86,"y":333,"width":152,"height":10}},{"id":"2eb5f537-fb1f-435d-8cf1-6d21c58020d2","block_type":"box","text":": Used to describe the value of a","page_number":5,"box":{"x":241,"y":333,"width":205,"height":8}},{"id":"703021f1-85a8-47a6-ad47-14f99e2dfe69","block_type":"box","text":"company's assets less the value of their liabilities.","page_number":5,"box":{"x":86,"y":346,"width":313,"height":10}},{"id":"04a18e37-64c3-4556-9fde-76588a046a51","block_type":"box","text":"Ø","page_number":5,"box":{"x":86,"y":359,"width":10,"height":8}},{"id":"ddc08f3d-9e02-4316-a727-ffa6f692eaa2","block_type":"box","text":"– Average.","page_number":5,"box":{"x":101,"y":359,"width":67,"height":10}},{"id":"0dff4855-9cce-4027-a2bc-077652c2c663","block_type":"box","text":"Over the counter (OTC)","page_number":5,"box":{"x":86,"y":372,"width":163,"height":9}},{"id":"f7dd6a99-d56a-4981-9970-e8298a908893","block_type":"box","text":": An over-the-counter","page_number":5,"box":{"x":251,"y":372,"width":137,"height":8}},{"id":"a3c32ca8-004e-4a23-b5b6-e9af2aa96ca6","block_type":"box","text":"financial","page_number":5,"box":{"x":393,"y":371,"width":52,"height":9}},{"id":"b649746f-a7e3-45cd-a20f-89d38ae3ab06","block_type":"box","text":"contract is one that is not traded on an exchange but is","page_number":5,"box":{"x":86,"y":385,"width":356,"height":10}},{"id":"36a09174-122c-4e2d-a402-3b66394f2810","block_type":"box","text":"\"tailor-made\" for a client by a","page_number":5,"box":{"x":88,"y":397,"width":190,"height":11}},{"id":"172c6e26-f211-428a-bf00-12f670d205b8","block_type":"box","text":"financial","page_number":5,"box":{"x":284,"y":397,"width":52,"height":9}},{"id":"38720654-fc76-4677-a9ed-77bc5b41d580","block_type":"box","text":"institution.","page_number":5,"box":{"x":343,"y":398,"width":66,"height":8}},{"id":"70f89fdf-e29e-4cb8-b05f-c20898b28c8d","block_type":"box","text":"Passive management","page_number":5,"box":{"x":86,"y":410,"width":149,"height":11}},{"id":"df15c198-3a0c-4507-8f67-9a0f51bc67c9","block_type":"box","text":": Passive management seeks to attain","page_number":5,"box":{"x":236,"y":410,"width":238,"height":11}},{"id":"6bba9f4f-c4e2-4aac-b29c-43baf758416b","block_type":"box","text":"performance equal to market or index returns.","page_number":5,"box":{"x":86,"y":423,"width":297,"height":10}},{"id":"fb5d74d6-1310-494b-b4b3-338625eb365d","block_type":"box","text":"Performance fee","page_number":5,"box":{"x":86,"y":436,"width":115,"height":8}},{"id":"819b67ce-2f23-4775-afa0-40d03dc55612","block_type":"box","text":": For non-classical investment funds such as","page_number":5,"box":{"x":204,"y":436,"width":277,"height":8}},{"id":"0ef70eb8-5d1a-4df4-b7c7-572fa95a7ea6","block_type":"box","text":"hedge funds, the investor must","page_number":5,"box":{"x":86,"y":449,"width":200,"height":10}},{"id":"80384ec9-a2ca-4d96-987e-85bd09d15df3","block_type":"box","text":"often","page_number":5,"box":{"x":291,"y":449,"width":32,"height":8}},{"id":"f73fc9df-439a-4515-aaee-d0283eb66535","block_type":"box","text":"pay, in addition to the","page_number":5,"box":{"x":330,"y":449,"width":140,"height":10}},{"id":"d36a2da6-e241-4ad4-8410-ee6ad864595f","block_type":"box","text":"conventional management fee, a supplementary performance","page_number":5,"box":{"x":86,"y":462,"width":397,"height":10}},{"id":"d2c10366-4e1c-4d87-806f-e10766d5fd42","block_type":"box","text":"fee in the form of a percentage (e.g. 20%) of the fund's","page_number":5,"box":{"x":86,"y":474,"width":361,"height":11}},{"id":"2da56b26-d632-45d4-8e51-8dce72d89787","block_type":"box","text":"annual increase in value.","page_number":5,"box":{"x":86,"y":487,"width":155,"height":9}},{"id":"1b0ed099-a762-4861-b830-1488adadf1a9","block_type":"box","text":"Physical replication","page_number":5,"box":{"x":86,"y":500,"width":134,"height":11}},{"id":"8dab1ab4-b37d-4d53-b354-cd8e32574ed9","block_type":"box","text":": In physical replication, an ETF invests","page_number":5,"box":{"x":223,"y":500,"width":241,"height":11}},{"id":"2ac1205d-9ec4-4c12-9438-6447222507c1","block_type":"box","text":"directly in securities held in the benchmark it is tracking. To","page_number":5,"box":{"x":86,"y":513,"width":378,"height":10}},{"id":"332286a1-8f1a-4342-9a91-627e7088cc50","block_type":"box","text":"do so, the ETF can buy some or all of the securities that make","page_number":5,"box":{"x":86,"y":526,"width":394,"height":10}},{"id":"187aee9a-10b4-4f36-990d-77a002c47835","block_type":"box","text":"up the replicated index – this method is called full replication","page_number":5,"box":{"x":86,"y":539,"width":389,"height":10}},{"id":"79c26f30-a36e-4c32-b0d8-85633a136dda","block_type":"box","text":"and is suitable for liquid indexes.","page_number":5,"box":{"x":86,"y":551,"width":208,"height":11}},{"id":"98fe1897-be5f-4bd3-b7c8-13070dc7c484","block_type":"box","text":"Rating","page_number":5,"box":{"x":86,"y":564,"width":44,"height":11}},{"id":"3f401b07-3efe-401c-9e91-cf02fded0759","block_type":"box","text":": The measure of a borrower's creditworthiness by","page_number":5,"box":{"x":133,"y":564,"width":321,"height":11}},{"id":"ccf1ee04-d660-4235-8903-caf21e8dcf18","block_type":"box","text":"special rating agencies such as Standard & Poor's or Moody's.","page_number":5,"box":{"x":86,"y":577,"width":395,"height":11}},{"id":"04bba438-0c4d-48c6-ac17-c5a5aa341fa7","block_type":"box","text":"As a rule, UBS bond funds principally invest in bonds issued","page_number":5,"box":{"x":85,"y":590,"width":381,"height":10}},{"id":"3e23e628-c768-406e-9f4b-aa491be44fec","block_type":"box","text":"by prime borrowers.","page_number":5,"box":{"x":86,"y":603,"width":128,"height":10}},{"id":"33ffc19c-78a8-4e7b-a2ec-cd718f7b51f0","block_type":"box","text":"Reinvestment","page_number":5,"box":{"x":86,"y":616,"width":96,"height":8}},{"id":"35bbc39f-38e5-4f66-ba4e-a8b4e6f12fa5","block_type":"box","text":": The possibility of reinvesting the distribution","page_number":5,"box":{"x":184,"y":616,"width":290,"height":10}},{"id":"4814d605-a6e0-4f4f-8f8a-90e1bb7b6f08","block_type":"box","text":"in the same fund. Certain funds","page_number":5,"box":{"x":86,"y":628,"width":204,"height":9}},{"id":"4bcdfa9b-b0b8-438b-a838-c711383c55b2","block_type":"box","text":"offer","page_number":5,"box":{"x":295,"y":628,"width":30,"height":9}},{"id":"7df759c5-a546-4274-903b-f3fb44311176","block_type":"box","text":"investors a special","page_number":5,"box":{"x":331,"y":629,"width":112,"height":10}},{"id":"e60d2a41-eb21-42f9-bcba-9c676e572cc7","block_type":"box","text":"reinvestment discount on the issuing price if the annual","page_number":5,"box":{"x":86,"y":641,"width":355,"height":11}},{"id":"ce64ef5b-0b3a-401b-992b-c20504f61253","block_type":"box","text":"distribution is reinvested.","page_number":5,"box":{"x":86,"y":654,"width":158,"height":9}},{"id":"bd02d02d-7e0c-4c20-b231-91b19bca60a9","block_type":"box","text":"Risk-free rate","page_number":5,"box":{"x":86,"y":667,"width":93,"height":8}},{"id":"21382cbd-1daf-4208-90ae-7958382d1183","block_type":"box","text":": An investment with no chance of default and","page_number":5,"box":{"x":181,"y":667,"width":299,"height":8}},{"id":"bd6c2fd1-745b-4f82-a49b-e1a383e8a9c8","block_type":"box","text":"a known or certain rate of return.","page_number":5,"box":{"x":86,"y":680,"width":214,"height":8}},{"id":"ea92c7f1-1941-4e3c-89bd-07f67ce81c0d","block_type":"box","text":"Share class","page_number":5,"box":{"x":515,"y":102,"width":75,"height":8}},{"id":"279f991a-a422-4100-9f80-33e94a37bfb2","block_type":"box","text":": An investment fund can issue several types of","page_number":5,"box":{"x":592,"y":102,"width":300,"height":10}},{"id":"f141d018-3f5f-413d-af86-44fb3c803fa5","block_type":"box","text":"share","page_number":5,"box":{"x":514,"y":115,"width":33,"height":8}},{"id":"b630f307-282d-4493-a929-e21d19848e7e","block_type":"box","text":"certificates","page_number":5,"box":{"x":553,"y":115,"width":67,"height":8}},{"id":"bdfe8700-a1f7-49b1-88f7-4e366a1228c8","block_type":"box","text":"with","page_number":5,"box":{"x":625,"y":115,"width":28,"height":8}},{"id":"bb89d6d6-2cba-4907-8e1e-8679c183e93f","block_type":"box","text":"different","page_number":5,"box":{"x":659,"y":115,"width":54,"height":8}},{"id":"98407b45-2d04-4e47-9695-21df140d4a3a","block_type":"box","text":"criteria. The share","page_number":5,"box":{"x":718,"y":115,"width":112,"height":8}},{"id":"f2f3ef6e-4d1b-4438-8fde-173b8be21175","block_type":"box","text":"certificate","page_number":5,"box":{"x":836,"y":115,"width":62,"height":8}},{"id":"61188a8b-700a-485d-8be6-4fad6233c7c3","block_type":"box","text":"classes may","page_number":5,"box":{"x":514,"y":128,"width":74,"height":10}},{"id":"2cfcc4b6-067b-4dcc-a732-9c484caabd62","block_type":"box","text":"differ","page_number":5,"box":{"x":593,"y":127,"width":33,"height":9}},{"id":"7e5520b1-9d35-4ae8-a9db-df47b9de7843","block_type":"box","text":"in the amount of fees, the appropriation of","page_number":5,"box":{"x":631,"y":127,"width":277,"height":11}},{"id":"e38496da-67fd-4af8-9685-ccb4b83ff0e3","block_type":"box","text":"income or the currency of the share","page_number":5,"box":{"x":515,"y":140,"width":228,"height":11}},{"id":"a09c8990-2079-44fd-a0df-245992490f5f","block_type":"box","text":"certificate","page_number":5,"box":{"x":748,"y":140,"width":62,"height":9}},{"id":"c0e1bd8c-1b24-403e-8faa-0c3b06c73fdb","block_type":"box","text":"class.","page_number":5,"box":{"x":815,"y":140,"width":32,"height":9}},{"id":"70bb3a07-92e3-44dd-a043-361dd0d90e92","block_type":"box","text":"Sharpe ratio","page_number":5,"box":{"x":515,"y":153,"width":86,"height":11}},{"id":"cfe8626b-7468-489d-bad1-3a1ab1b4d32c","block_type":"box","text":": A measure that expresses how much higher (or","page_number":5,"box":{"x":603,"y":153,"width":310,"height":11}},{"id":"10bd0e85-c80c-4a6c-98e6-453aae144500","block_type":"box","text":"lower) a return an investor can expect compared to the risk","page_number":5,"box":{"x":515,"y":166,"width":384,"height":10}},{"id":"0fd10fdd-15b2-432e-a882-a0efd9add102","block_type":"box","text":"free rate of interest (e.g., interest rates on savings accounts)","page_number":5,"box":{"x":514,"y":179,"width":384,"height":10}},{"id":"1e665e4c-d907-495c-88ec-6c99fad3834c","block_type":"box","text":"per unit of risk (volatility). The risk-free rate of interest varies","page_number":5,"box":{"x":515,"y":192,"width":385,"height":10}},{"id":"60d36084-6268-4bb0-8406-0ba237f91130","block_type":"box","text":"from currency to currency.","page_number":5,"box":{"x":514,"y":204,"width":167,"height":11}},{"id":"6ec087c8-330b-445d-819c-520b9613c6d3","block_type":"box","text":"Standard deviation","page_number":5,"box":{"x":515,"y":217,"width":134,"height":9}},{"id":"174d3b7e-b3b1-49f4-a5e4-021ffe2f3ea1","block_type":"box","text":": Statistical measure of the degree to","page_number":5,"box":{"x":651,"y":217,"width":234,"height":11}},{"id":"f77daea5-a2e4-428d-8fd7-c4a0cfa3a2d9","block_type":"box","text":"which an individual value in a probability distribution tends","page_number":5,"box":{"x":514,"y":230,"width":378,"height":11}},{"id":"10d2b967-1852-463d-95a1-37dc1ea0d1f8","block_type":"box","text":"to vary from the mean of the distribution. The greater the","page_number":5,"box":{"x":514,"y":243,"width":371,"height":11}},{"id":"631a25e0-7d07-4c3a-978d-ec3c2d57a6fc","block_type":"box","text":"degree of dispersion the greater the risk.","page_number":5,"box":{"x":515,"y":256,"width":259,"height":10}},{"id":"7d8a86f8-bc90-42fa-afce-192c942a9961","block_type":"box","text":"Swing pricing","page_number":5,"box":{"x":515,"y":269,"width":95,"height":10}},{"id":"dc03f083-fb31-4231-ac39-e8cbc535141e","block_type":"box","text":": Method used to calculate the net asset values","page_number":5,"box":{"x":613,"y":269,"width":300,"height":8}},{"id":"4c8ba16b-f844-4525-9b8d-87f277465ad1","block_type":"box","text":"of investment funds. This method allows transaction costs","page_number":5,"box":{"x":514,"y":282,"width":372,"height":8}},{"id":"e43f76f5-1826-40e1-8ffa-357c6fe8341a","block_type":"box","text":"arising from subscriptions made by incoming investors and","page_number":5,"box":{"x":514,"y":294,"width":376,"height":11}},{"id":"c1eb8f3f-2491-4bec-b8e4-24735aa87cd8","block_type":"box","text":"redemptions made by outgoing investors to be borne by","page_number":5,"box":{"x":515,"y":307,"width":362,"height":11}},{"id":"51ea844f-43dc-4ac5-8ab1-5676742f646b","block_type":"box","text":"the incoming and outgoing investors, rather than existing","page_number":5,"box":{"x":514,"y":320,"width":369,"height":11}},{"id":"c92f5097-ee92-474d-8465-f5ccd0c6f663","block_type":"box","text":"investors.","page_number":5,"box":{"x":515,"y":333,"width":58,"height":8}},{"id":"2e9d1438-c824-4797-a072-24faa5f330af","block_type":"box","text":"Switching costs","page_number":5,"box":{"x":515,"y":346,"width":108,"height":10}},{"id":"99f626f4-796c-4a04-99b7-4da33a063dd2","block_type":"box","text":": The costs of buying and selling investments","page_number":5,"box":{"x":625,"y":346,"width":286,"height":10}},{"id":"f307b975-5563-4ddb-acee-d21313f2a27b","block_type":"box","text":"in order to implement a change in investment strategy.","page_number":5,"box":{"x":515,"y":359,"width":350,"height":10}},{"id":"8e34e1d6-5f00-4ee0-9ff7-16aa9e4472e8","block_type":"box","text":"Synthetic replication","page_number":5,"box":{"x":515,"y":372,"width":144,"height":10}},{"id":"b39c1787-6291-417a-abf5-c59a6dac6cd5","block_type":"box","text":": In contrast to physical replication,","page_number":5,"box":{"x":661,"y":372,"width":221,"height":10}},{"id":"96bdd5b2-0313-4661-979d-8ee644d5aa27","block_type":"box","text":"synthetic replication means that an ETF does not invest","page_number":5,"box":{"x":514,"y":384,"width":352,"height":11}},{"id":"80ceda04-ae4a-4f54-b5d5-2c168d96b02f","block_type":"box","text":"directly in the securities held in the benchmark. Instead,","page_number":5,"box":{"x":515,"y":397,"width":356,"height":11}},{"id":"12a5924d-884b-4ed4-b64f-e37a26abd242","block_type":"box","text":"it enters into a swap agreement with a counterparty that","page_number":5,"box":{"x":515,"y":410,"width":364,"height":11}},{"id":"c1b09fdd-b753-47f7-9981-16afdb7dc21c","block_type":"box","text":"promises to pay the return on the replicated index to the ETF.","page_number":5,"box":{"x":515,"y":423,"width":390,"height":10}},{"id":"bf2d02dd-870d-4e6b-86bd-7ddd11a4bea4","block_type":"box","text":"Total expense ratio (TER)","page_number":5,"box":{"x":514,"y":436,"width":175,"height":10}},{"id":"0775d1ee-fa4a-4142-8dee-321e79b143d2","block_type":"box","text":": The ratio of total expense to a","page_number":5,"box":{"x":691,"y":436,"width":200,"height":10}},{"id":"82a8678d-ec57-40f2-9881-b01c9539ad87","block_type":"box","text":"fund's average size over an annualized accounting period.","page_number":5,"box":{"x":514,"y":449,"width":372,"height":10}},{"id":"f177e146-2eee-43e1-8b4f-c5cdcc3e8845","block_type":"box","text":"Expenses are considered to include all expenses shown in","page_number":5,"box":{"x":515,"y":461,"width":365,"height":11}},{"id":"a85dc8f6-bc94-4bef-bdee-2e126b38b319","block_type":"box","text":"the income account, including management, administration,","page_number":5,"box":{"x":514,"y":474,"width":388,"height":11}},{"id":"dba3d862-5ab5-4212-b457-30823b222fc3","block_type":"box","text":"custody, audit, legal and professional fees. For ETFs, the term","page_number":5,"box":{"x":514,"y":487,"width":391,"height":11}},{"id":"45a8af29-813f-4d15-8700-66f347d9b9e7","block_type":"box","text":"TER may be used interchangeably for the","page_number":5,"box":{"x":514,"y":500,"width":263,"height":10}},{"id":"0a7eb1e4-a94c-496b-a8aa-c5af4a87db07","block_type":"box","text":"flat","page_number":5,"box":{"x":782,"y":500,"width":20,"height":8}},{"id":"191c7f50-8e38-4742-b678-8125186df020","block_type":"box","text":"fee (current).","page_number":5,"box":{"x":807,"y":500,"width":81,"height":10}},{"id":"89f2a902-ab87-4950-b900-ce98797fef0e","block_type":"box","text":"Tracking error","page_number":5,"box":{"x":514,"y":513,"width":98,"height":10}},{"id":"cd3e507f-5e29-4ddb-8361-79252b015287","block_type":"box","text":": Measure of the deviation of a fund's return","page_number":5,"box":{"x":614,"y":513,"width":284,"height":8}},{"id":"13888910-b1d4-4e90-a784-824c0715a55f","block_type":"box","text":"compared to the return of a benchmark over a","page_number":5,"box":{"x":514,"y":526,"width":299,"height":10}},{"id":"73fefcf9-f700-4fea-aef3-385f22265558","block_type":"box","text":"fixed","page_number":5,"box":{"x":819,"y":526,"width":29,"height":8}},{"id":"8807c289-7ca3-40c4-a0b2-edf8511d0997","block_type":"box","text":"period,","page_number":5,"box":{"x":855,"y":526,"width":43,"height":10}},{"id":"29668e91-7759-41de-90fb-535af59bcebe","block_type":"box","text":"expressed as a percentage. The more passively the investment","page_number":5,"box":{"x":514,"y":539,"width":397,"height":10}},{"id":"e67344ef-cfac-4d40-b17c-7d7c922293ea","block_type":"box","text":"fund is managed, the smaller the tracking error.","page_number":5,"box":{"x":514,"y":551,"width":305,"height":11}},{"id":"047f951d-db84-4929-9928-e17e849a6eed","block_type":"box","text":"UCITS","page_number":5,"box":{"x":515,"y":565,"width":39,"height":7}},{"id":"d4fc90af-3046-46b3-8e96-40c1077cb696","block_type":"box","text":": Undertakings for Collective Investment in Transferable","page_number":5,"box":{"x":556,"y":564,"width":354,"height":11}},{"id":"0535de02-6c8d-4641-a1b1-4b9e2d432150","block_type":"box","text":"Securities. A UCITS fund is an authorized fund that may be","page_number":5,"box":{"x":515,"y":577,"width":377,"height":11}},{"id":"636bf18e-6a32-4ce0-b173-50604eb85278","block_type":"box","text":"sold across all EU countries.","page_number":5,"box":{"x":514,"y":590,"width":175,"height":8}},{"id":"c9248417-ee9e-41aa-ac10-4da588e8eca8","block_type":"box","text":"Volatility","page_number":5,"box":{"x":514,"y":603,"width":63,"height":10}},{"id":"80c7bcbd-790a-41c6-b7be-ba9a4161e4ec","block_type":"box","text":": A measure of the size of short-term changes in the","page_number":5,"box":{"x":579,"y":603,"width":334,"height":10}},{"id":"527a2f62-26db-44fe-bc22-0b30ba02a7fd","block_type":"box","text":"value of an investment.","page_number":5,"box":{"x":514,"y":616,"width":149,"height":8}},{"id":"1ae9e6a7-48ce-44e8-8194-2bc134bb9dbd","block_type":"box","text":"Yield to maturity","page_number":5,"box":{"x":514,"y":628,"width":120,"height":11}},{"id":"bff1dc56-ee08-4eb4-a6b7-ded4ca13890c","block_type":"box","text":": Weighted average rate earned by an","page_number":5,"box":{"x":636,"y":628,"width":241,"height":11}},{"id":"fc127a16-0b14-4819-b6e3-01d5c46e003c","block_type":"box","text":"investor who buys the bond portfolio today at the market","page_number":5,"box":{"x":515,"y":641,"width":370,"height":11}},{"id":"a78bc2eb-d3c3-4005-8ed9-2bbd9d2d500e","block_type":"box","text":"price and holds the bond portfolio until maturity, also","page_number":5,"box":{"x":515,"y":654,"width":342,"height":11}},{"id":"b4895f10-fc3e-4f34-9a9b-6c19470a0648","block_type":"box","text":"assuming that all coupon and principal payments will be","page_number":5,"box":{"x":514,"y":667,"width":361,"height":10}},{"id":"97c15a68-d169-4879-9d33-e053ce21ce4a","block_type":"box","text":"made on schedule.","page_number":5,"box":{"x":515,"y":680,"width":119,"height":8}},{"id":"34e4e5f7-609b-44ea-8945-23e60ee2fe63","block_type":"box","text":"UBS Sterling Corporate Indexed Bond Fund GBP Class C accumulation Shares (gross)","page_number":5,"box":{"x":87,"y":35,"width":780,"height":15}},{"id":"b4554cf1-19f5-438a-a69d-dbc1a1e842b1","block_type":"box","text":"Glossary 2 ¦ 2","page_number":5,"box":{"x":852,"y":960,"width":61,"height":8}}],"unit":"per_mille","page_width":595,"page_height":841,"attributes":{"chunk_type":"page_range","start_page":1,"end_page":5}},"source":{"type":"Model","id":"github:dorsalhub/pdf-extractor","version":"0.5.0","execution_id":"237695ae-7962-487b-86fc-fd5cea6aaaef"},"user_id":1000002,"date_created":"2026-10-23T23:53:02.705000Z","date_modified":"2026-10-23T23:53:02.705000Z","private":false}