Inclusive investing | UBS United States of America

* Including investment considerations.
At UBS Financial Services Inc. Inclusive investment opportunities focus on diversity in firm ownership, portfolio management, or investment strategies, as described in this post. Industry standards and terminology related to inclusive investing and diversified investing will vary and evolve rapidly. Additionally, while many industry participants, including UBS, are focused on improving the quality of data that is collected on diversity in investment management, these efforts are ongoing and current data collection efforts may be limited for certain investment selections. As a result, the standards and definitions we use for inclusive investing are subject to change.

In evaluating portfolio ownership and management data, UBS relies on information provided by asset management firms at a particular point in time, and we do not independently verify or guarantee the accuracy or completeness of that information. Additionally, the information currently collected may be more limited for some products or businesses, but we expect availability and transparency to expand over time.

Strategies and managers in different geographies and styles define and incorporate considerations for inclusive investing in different ways. The inclusion of inclusive investment factors or considerations in the construction of the portfolio may impede the portfolio manager’s ability to participate in certain investment opportunities that would otherwise be consistent with its investment objective and other underlying investment strategies. The return of a portfolio consisting primarily of investments or strategies considered diversified may be lower or higher than a portfolio when these factors are not considered by the portfolio manager, and the investment opportunities available to such portfolios, may also differ. Companies may not necessarily meet high performance standards in all aspects of their diversity, equity and inclusion (DEI) initiatives or inclusion efforts; nor is there any guarantee that any company will meet expectations in relation to corporate responsibility, sustainability, inclusion and/or impact outcomes.

Important information about sustainable investments: An increasing number of products and services use terms or labels related to sustainable investments. However, industry standards and terminology related to sustainable investment will vary and evolve. Therefore, you should carefully review the materials offered to understand why a particular product or strategy may or may not be classified as a sustainable investment and whether their approach matches your goals and objectives. At UBS Financial Services Inc. we continue to develop our own standards and framework for sustainable investing. However, we do not review every product to determine compliance with our standards, nor do all products we provide conform to our approach. Your UBS Financial Services Inc. financial advisor. can help you identify products that we have reviewed and determined to be compliant with our standards.

Important information and disclosures
The What is your story? situations and solutions are hypothetical examples provided for illustrative purposes only. Investing involves risks, including the potential loss of money or a decline in the value of the investment. Performance is not guaranteed. The information included is current as of the date indicated and is subject to change without notice.

Purpose of this document.
This is marketing material designed to help you understand the services and investments we offer. It should be used solely for the purposes of discussion with your UBS financial advisor and your independent review. UBS does not intend this to be fiduciary or best interest investment advice or a recommendation that you take a particular course of action.

Personalized recommendations or advice.
If you would like more details on the information provided or personalized recommendations or advice, please contact your UBS financial advisor.

Conflict of interests.
UBS Financial Services Inc. is in the business of opening and maintaining investment accounts (including retirement accounts) and we will receive compensation from you in connection with the investments you make, as well as additional compensation from third parties whose investments we distribute. This constitutes a conflict of interest when we recommend that you move your assets to UBS from another financial institution or an employer pension plan, and also when we make investment recommendations for assets that you own or buy through UBS. For more information about how we receive compensation from clients and third parties, conflicts of interest and investments available at UBS, please see the Your Relationship with UBS brochure available at ubs.com/relationshipwithhubs or ask your UBS financial advisor for a copy.

No tax or legal advice.
UBS Financial Services Inc., its affiliates and its employees do not provide tax or legal advice. You should consult your personal tax and/or legal advisor regarding your particular situation.

Important information about our research
There are two sources of UBS research. The reports from the first source, UBS CIO Wealth Management Research, are intended for individual investors and are produced by UBS Wealth Management Americas (which includes UBS Financial Services Inc. and UBS International Inc.) and UBS Wealth Management. The second research source is UBS Investment Research, whose reports are produced by UBS Investment Bank, whose main business focus is institutional investors. The two sources work independently and therefore may have different recommendations. The various research content provided does not take into account the unique investment objectives, financial situation or specific needs of any particular individual investor. If you have any questions, please consult your financial advisor. UBS Financial Services Inc. is a subsidiary of UBS AG and an affiliate of UBS International Inc.

2022-666826

Validity: 06/30/24 Approval Date: 06/30/23 Review Code: IS2304069