International investing for US corporationsUBS Portfolio Management Prime

UBS Swiss Financial AdvisersFor marketing purposes

UBS Swiss Financial Advisers (UBS-SFA) is an investment adviser based in Zurich, Switzerland. We provide advisory services to US corporations and their offshore entities who wish to have an account outside the United States in order to diversify their assets geographically and invest in international markets. As a wholly owned subsidiary of UBS AG, we are registered in the US with the Securities and Exchange Commission (SEC) as an “Investment Advisor” and licensed as a Securities Trader by the Swiss Financial Market Supervisory Authority (FINMA) in Switzerland.

Through our UBS Portfolio Management Prime offering we can provide US corporations with customized, managed portfolio solutions, with different risk and return profiles to match your investment policies. We offer you active management of your financial assets based on a transparent, disciplined investment process, including a regular review of your investment objectives and asset allocations. Your portfolio will be managed by a Zurich-based team of dedicated and experienced Investment Management professionals with local market knowledge and expertise.

Advantages of UBS Portfolio Management Prime

Customized investment solutionsWe provide you with a customized, individually managed portfolio solution, with different risk and return profiles to match your company’s individual investment policy.

ReportingWe can prepare customized month-end reports to meet clients’ specific reporting needs as well as reporting on performance and asset allocation. All clients will be sent a final consolidated IRS Form 1099. This report includes a Detailed Tax Statement for clients that have ordered the supplemental report.

Open architectureSince we use an open architecture and integrated approach, you can take advantage of a broad universe of products and currencies. This lets you be sure that our Investment Management team has access to the appro-priate investments to build an efficient portfolio that fits your needs, and makes it easy to coordinate with your specialists if needed.

Online accessWith our online tool, all your portfolio and transactional statements as well as performance reports are available to you 24 hours a day, 7 days a week.

For more information on the UBS Portfolio Management Prime offering, please reference our program fact sheet, fee schedule, and the UBS-SFA Wrap Fee Program Brochure (SEC Form ADV Part 2A).

A Swiss investment advisorfor US corporations

What you can expect

Investing with UBS-SFA offers many benefits for your corporation. It offers financial diversification via a broad international investment range, geographic segmenta-tion of assets and enhanced multi-currency capabilities. Additionally, you can take advantage of portfolio man-agement with an emphasis on non-US issuers (which can complement your US-based money managers and US research).

A structured investment process

Investment Management (IM)

– Provision of info pack as basis for IC decisions containing an overview on market & program performance, 3rd-party market view, proposals to define macro and market environment and Tactical Asset Allocation (TAA) changes

– Investment Research, using several research providers and analysts opinions as sources; screening of macro and market environment; identification of investment opportunities

Execution Desk

– Best execution and valuation checks– Coordination of security switches in mandates and

implementation of TAA changes– Routing of trades into financial market, via broker

or electronic exchanges

Investment Committee (IC)1

– Review of market and program performance and IM decisions

– Definition of UBS-SFA’s view regarding the macro and market environment

– Decisions on asset allocations (SAA & TAA) for managed programs, asset and sub-asset classes

Investment Management (IM)

– Instrument selection (equities, bonds, funds and other investment vehicles) based on investment research of several sources and analysts opinions

– Creation of templates for each program, showing investment instruments and allocation

– Implementation of templates with the specific mandates by the Portfolio Manager

1 The IC consists of the Head UBS-SFA, Head Investment Management, representatives from Investment Management and Wealth Management Consulting and meets monthly, or more frequently if needed.

An experienced investment teamUBS-SFA has more than 60 staff, of which 15 are highly experienced investment professionals that are led by our Head Investment Management. We recognize that each client has unique investment objectives and risk tolerance levels.

Accordingly, the fixed income portfolios we manage are customized to meet a client’s particular corporate investment guidelines as well as their unique cash flow and time horizon needs. Our team is dedicated to provide independent thinking to the investment process with a solid emphasis on quality, stability, liquidity and yield. It is this disciplined investment philosophy and our strict adherence to a fundamental, research-driven investment mana-gement process that generates the standard of excellence our clients expect and require every day. We believe that our team approach is one of our defining competitive advantages. Therefore our clients have direct access to their dedicated Relationship Manager as well as to our Investment Management team to discuss and review their investments.

Risk control and performance measurement Measuring and managing risk is one of our core compete-ncies, and a primary focus of our investment mana-gement process. Our team of dedicated Investment Mana-gement professionals continuously monitor your portfolio, analyzing risk and return and assess whether the portfolio remains within the parameters of your corpo- rate investment guidelines, your risk profile, and investment goals.

You can expect regular and transparent information on your investments, UBS-SFA investment decisions, pricing, fees and risk control. If your investment objectives or financial situation change we will work with you to adapt your investment strategy and bring your portfolio in line with the new situation.

Disclosure

UBS Portfolio Management Prime (“Program”) is designed for clients (i) who want to delegate portfolio management discretion to UBS Swiss Financial Advisers (UBSSFA), (ii) are looking to implement long-term investment plan; and (iii) prefer the consistency of fee-based pricing. The Program is not appropriate for clients who want to maintain trading control over their account or clients who seek a short-term investment.Equities are subject to market risk and will undergo price fluctuations in which downward and upward trends may occur over short or extended periods. Equity securities, historically, have shown greater growth potential than other types of securities, but they have also shown greater volatility. International portfolios involve considerations and potential risks not typically associated with domestic securities, including risks associated with changes in currency values, economic, political and social conditions, loss of market liquidity, the regulatory environment of the countries in which the manager invests and difficulties in receiving current or accurate information.

It is important that you understand the ways in which we conduct business and the applicable laws and regulations that govern us. As a firm providing investment advisory services to clients, we are registered with the U.S. Securities and Exchange Commission (SEC) as an investment adviser, and in Switzerland licensed by the Swiss Financial Market Supervisory Authority (FINMA) as a Wertpapierhaus (which roughly translates in English to “Securities Firm”). Although we are licensed to provide investment advisory services in the US as an SEC registered investment adviser, we are not licensed to provide securities broker-dealer services, banking services or CFTC-regulated derivatives services in the US. If you would like more information about the Programs or have questions about your account, please ask your Wealth Management Consultant or refer to our Wrap Fee Program (Form ADV Part 2A).

Emerging MarketsInvestors should be aware that there may be potential risks posed by volatile political, legal and commercial conditions in emerging markets which may affect the value ofor result in the loss of investments. The quality and reliability of official data published by governments and their agencies in emerging markets might not be equivalent tothat available in developed markets. In addition, the absence of developed securities markets as well as potentially underdeveloped banking and telecommunicationssystems in such countries may give rise to greater custody, settlement, clearing and registration risks. Foreign investment in issuers in emerging markets may be restricted– sometimes such restrictions may not be published and investors may not be readily made aware of them. In such circumstances, there may be restrictions on repatriationof capital or an investment may have to be scaled down to comply with local foreign ownership restrictions.

Emerging markets may lack a fully developed legal system and the body of commercial law and practice normally expected to be found in countries with more sophisticated financial markets. Local laws affecting foreign investments continue to evolve in substance and interpretation, however this development might not always be positive for foreign investments as interpretation of the law sometimes might be arbitrary. Laws and regulations affecting foreign investments might change quickly and unpredictably. Additional legal uncertainties arise from various local, regional and national laws and there is a lack of judicial or legislative guidance or interpretation on unclear or conflicting laws. Additionally, government authorities have a broad discretion on the implementation of the laws. Effectively, this means that there is no guarantee that investors can operate in a stable legal or regulatory environment. Having to comply with conflicting and/or arbitrary laws might have an adverse effect on the investments. In addition, the rights of minority shareholders investing in equities have been given less protection than in more developed countries. There may also be no centralised system for recognising documents of title. Inability to prove or defend their title couldadversely affect the investors. The rules in emerging markets with respect to regulatingownership, control and corporate governance may be seen as inadequate and may confer less protection for investors as compared to more developed economies. There may be no or few restrictions for the company’s management to terminate existing business operations, sell assets or in other ways materially impact the value of a company. Anti-dilution protection is also limited. Redress for violation of shareholder rights may not be as readily available as in developed countries.

This marketing material is for your information only and is not intended as an offer, or a solicitation of an offer, to buy or sell any investment instrument. Be aware that past performance of an investment instrument or an investment strategy is not an indication of its future performance.

© UBS 8.2020. The key symbol and UBS are among the registered and unregistered trademarks of UBS. All rights reserved.

Contact us

Patrick SchurtenbergerExecutive DirectorHead Strategic Business Development

Tel. +41-44-217 31 90patrick.schurtenberger@ubs.com

UBS Swiss Financial Advisers AGLoewenstrasse 498001 ZurichSwitzerland

Tel. +41-44-217 31 00Tel. +1-855-853 4288 (USA, toll free)

ubs.com/ubs-sfa