For qualified investors only
UBS Vitainvest
Expanding Vitainvest - Fundsfamily: UBS Vitainvest 75
November 2015
Table of contents
Section 1
Offering of UBS Vitainvest Funds
2
Section 2
Investment process
7
Appendix A
Technical data
13
1
Section 1
Offering of UBS Vitainvest Funds
Global or Swiss focus
For investors with a global focus, to benefit
from opportunities in a very broad investment
universe
For investors with a Swiss focus, to benefit
from an investment universe they are more
familiar with
UBS Vitainvest World
UBS Vitainvest Swiss
Swiss Bonds
(incl. SBI For)
Swiss Equity
Swiss Real Estate
Global Bonds
Global Equity
Global Real Estate
UBS (CH) Vitainvest – 25 World
UBS (CH) Vitainvest – 25 Swiss
Data as end of August 2015. Above allocation shows long term orientation and can be subject to changes at UBS discretion.
3
We live in a lower return world
Lower interest rates = Lower long-term returns
US Treasury Yields, Fed Funds Rate¹
8
7
Capital Markets Line²
10%
BARCLAYS US TREASURY BWTS 30 YEARS - RED. YIELD
US FEDERAL FUNDS TARGET RATE - MIDDLE RATE
9%
8%
6
%
5
4
3
2
Expected returns
7%
6%
5%
4%
3%
2%
1
0
1%
0%
0%
¹Source: UBS AM, Valmod, Thomson Reuters DataStream.
²Source: UBS AM; Note: Only for illustration
5%
10%
15%
20%
25%
Expected risk
US Equity (Large Caps)
US High Yield
EM Equity (Asia)
EMD (Asia)
Eurozone Equity
US Real Estate
US Corporate Bonds
US Govt Bonds
30%
4
Safe or with more risk?
For more cautious investors who prefer
fixed income exposure with a given yield
For investors who are able to take more risk
to increase the return potential
UBS Vitainvest World 25
UBS Vitainvest World 75
Swiss Bonds
(incl. SBI For)
Swiss Equity
Swiss Real Estate
Global Bonds
Global Equity
Global Real Estate
UBS (CH) Vitainvest – 25 World
UBS (CH) Vitainvest – 75 World
Data as end of August 2015. Above allocation shows long term allocation and can be subject to changes at UBS discretion.
5
Performance Vitainvest
Data as end of October, 2015
140
130
120
110
100
90
80
Oct-10
Apr-11
Oct-11
Apr-12
Oct-12
Apr-13
Oct-13
Apr-14
Oct-14
Apr-15
UBS (CH) Vitainvest - 12 World U
UBS (CH) Vitainvest - 25 World U
UBS (CH) Vitainvest - 40 World U
UBS (CH) Vitainvest - 50 World U
UBS (CH) Vitainvest - 25 Swiss U
UBS (CH) Vitainvest - 50 Swiss U
Valor
MtD
YtD
Performance
1 Year
*3 Years
*5 Years
UBS (CH) Vitainvest - 12 World U
2'247'644
1.27%
-0.08%
1.86%
2.85%
2.61%
UBS (CH) Vitainvest - 25 World U
2'247'646
2.19%
-0.09%
2.25%
4.30%
3.37%
UBS (CH) Vitainvest - 40 World U
2'247'648
3.18%
0.11%
2.58%
6.02%
4.32%
UBS (CH) Vitainvest - 50 World U
2'247'650
3.50%
0.22%
2.44%
6.53%
4.67%
UBS (CH) Vitainvest - 25 Swiss U
10'852'691
2.20%
1.92%
3.98%
5.12%
4.06%
UBS (CH) Vitainvest - 50 Swiss U
10'852'698
3.03%
1.82%
4.28%
7.44%
5.47%
Fund
Data as of October 30, 2015, net of fees
These figures refer to the past. Past performance is not a reliable indicator of future results.
6
Section 2
Investment process
Pillars of a professional portfolio management
Long term (strategic) Asset Allocation (SAA)

A well chosen reference strategy ensures the diversification over a broad investment universe.
Short term (tactical) Asset Allocation (TAA)

Over-/underweight the different asset classes vs reference strategy with the target to benefit
from opportunities which are ranked as attractive, based on the actual economic
environment.
Active Stock Selection

Careful selection of single stocks which promise an attractive return potential compared to
the risk taken.
Active Risk Management

Asses risk-/return characteristics of each investment for the portfolio as a whole.

Based on the risk profile of the portfolio a risk position will only be entered, when we expect
an appropriate return

Monitoring the risk with state of the art systems, which enables us to estimate effects of
potential strategy changes on the portfolio.
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Broad experience in one solution
Fixed Income
Equity
Real Estate
Investment strategies
with different
risk-/return characteristics
Portfolio construction
Optimization
Investment restriction
Investment decision
Portfolio management
Implementation of the strategies
Stock selection
Risk monitoring
Reporting
9
Attractive fund-of-funds concept
UBS Vitainvest implements the strategies mostly with funds belonging to UBS
Advantage for investors
•
Efficient Fund-of-Funds solution,
where first class equity, fixed income and real estate
funds are combined, matching the corresponding
investment strategy
•
No hidden fees within the target funds, which
offer a no load share class (predominantly the case)
•
High transparency for investors, since positions
can be shown down to stock level.
•
To increase portfolio efficiency, derivatives will
also be used for investments
•
Consistent risk monitoring with state of the art
system
Possible Target Funds
(UBS Vitainvest Swiss)
UBS
Vitainvest
Swiss
UBS (CH) Inst. Fund –
Bonds CHF Inland
(seit 1995)
UBS (CH) Inst. Fund –
Small & Mid Cap
Equities Switzerland
(seit 2003)
UBS (CH) Property Fund –
Léman Residential
«Foncipars»
(seit 1943)
Only for illustration purposes
With UBS Vitainvest an investors receives access to a professional managed
investment solution with just one transaction
10
Asset manager of the UBS Vitainvest Funds
Access to the leading asset managers
Asset class
Asset manager
Swiss Bonds
•
UBS Asset Management
Global Bonds
•
•
•
BlackRock Investment Management (UK) Ltd.
PIMCO
UBS Asset Management
Swiss Equity
•
•
•
•
Deutsche Asset Management Schweiz AG
IAM Independent Asset Management SA
Schroders Investment Management (Switzerland) AG
UBS Asset Management
Global Equity
•
•
•
•
Allianz Global Investors Anlagegesellschaft mbH (RCM)
Investec Asset Management Ltd.
PanAgora Asset Management
UBS Asset Management
.Data as end of September 2015
11
Important aspect – risk management
Analysis of single scenarios
Source: UBS Asset Management, Global Risk System
For illustrative purposes only
12
Appendix A
Technical data
UBS Vitainvest World
Technical data
Legal fund name:
UBS (CH) Vitainvest – 12 / 25 / 40 / 50 / 75 World
Fund domicile:
Switzerland
Day of inception:
12 / 25 / 40 / 50 World U: 20. January 2006
75 World U:
05. November 2015
Currency of account:
CHF
Reference strategy:
UBS Customized Benchmark Vitainvest – 12 / 25 / 40 / 50 / 75 World
Accounting year ends:
31. December
Subscriptions / redemptions:
Daily
Distribution:
Yes
Management fee and
Total Expense Ratio (TER):
12 World U:
25 World U:
40 World U:
50 World U:
75 World U:
Management fee
0.92% p.a.
1.04% p.a.
1.12% p.a.
1.20% p.a.
1.28% p.a.
TER (per 31.12.2014)
1.20% p.a.
1.35% p.a.
1.45% p.a.
1.55% p.a.
n.a.
EU savings tax:
Not affected in booking center CH, affected in other booking centers
Swing Pricing:
Yes
Swiss security No and ISIN:
Swiss security No
12 World U:
2 247 644
25 World U:
2 247 646
40 World U:
2 247 648
50 World U:
2 247 650
75 World U:
29 317 460
ISIN
CH0022476441
CH0022476466
CH0022476482
CH0022476508
CH0293174600
.Data as end of August 2015
14
UBS Vitainvest Swiss
Technical data
Legal fund name:
UBS (CH) Vitainvest – 25 / 50 / 75 Swiss
Fund domicile:
Switzerland
Day of inception:
25 / 50 Swiss U: 25. May 2010
75 Swiss U:
05. November 2015
Currency of account:
CHF (exchange rate risk mostly hedged)
Reference strategy:
UBS Customized Benchmark Vitainvest – 25 / 50 / 75 Swiss
Accounting year ends:
31. December
Subscriptions / redemptions:
Daily
Distribution:
Yes
Management fee and
Total Expense Ratio (TER):
25 Swiss U:
50 Swiss U:
75 Swiss U:
Management fee
1.00% p.a.
1.12% p.a.
1.20% p.a.
TER (per 31.12.2014)
1.19% p.a.
1.34% p.a.
n.a.
EU saving tax:
Not affected in booking center CH, affected in other booking centers
Swing Pricing:
Yes
Swiss security No and ISIN:
Swiss Security No
25 Swiss U:
10 852 691
50 Swiss U:
10 852 698
75 Swiss U:
29 317 503
ISIN
CH0108526911
CH0108526986
CH0293175037
.Data as end of August 2015
15
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For marketing and information purposes by UBS.
For qualified investors only. The information and opinions contained in this document have been compiled or arrived at based
upon information obtained from sources believed to be reliable and in good faith, but is not guaranteed as being accurate, nor
is it a complete statement or summary of the securities, markets or developments referred to in the document. UBS AG and / or
other members of the UBS Group may have a position in and may make a purchase and / or sale of any of the securities or other
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Past performance is not a reliable indicator of future results. The performance shown does not take account of any commissions
and costs charged when subscribing to and redeeming units. Commissions and costs have a negative impact on performance. If
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