DISCLAIMER for Zurich Invest Ltd.

For marketing and information purposes.

The products, services, information and/or materials contained within this web page may not be available to residents of certain jurisdictions. Please consult the sales restrictions relating to the products or services in question for further information.

Please note that UBS Fund Management (Switzerland) AG provides the technical infrastructure and maintenance for this website only. UBS Fund Management (Switzerland) AG is not responsible for any point of sale obligations. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein except with respect to information concerning UBS Group AG, its subsidiaries and affiliates ("UBS"), prospectuses and key information documents provided by UBS Fund Management (Switzerland) AG in their function as Fund Management Company nor is it intended to be a complete statement or summary of the matters referred to in this material. UBS makes no recommendation in relation to the Zurich Invest AG or their services. No liability is assumed for the accuracy and completeness of the information. Past performance is not necessarily indicative of future results. The information and documents provided on this website may be modified at any time without prior notice. In no event shall UBS and/or Zurich Invest AG or any of their directors, employees or agents have any liability whatsoever to any person for any direct or indirect loss, liability, cost, claim, expense or damage of any kind, whether in contract or in tort, including negligence, or otherwise, arising out of or related to the use of the information and/or documents herein or from access to this website.

Prospectus with integrated fund contract, key information for investors as well as the annual and semi-annual reports can be requested in writing free of charge from Zurich Invest AG, P.O. Box, CH-8085 Zurich or UBS Fund Management (Switzerland) Ltd., P.O. Box, CH-4002 Basel. Units of the investment funds mentioned in this publication may not be offered, sold or delivered within the United States. The information in this document is given for information purposes only and does not qualify as investment advice. No liability is assumed for the accuracy and completeness of the information. Opinions and assessments contained in this document may change and reflect the point of view of Zurich Invest AG in the current environment. Members of UBS may have a position in and may make a purchase and / or sale of any of the securities or other financial instruments mentioned in this document This document qualifies as marketing material. Investments should only be made after a thorough reading of the current prospectus and/or the fund regulations, the current simplified prospectus (or the Key Investor Information Document, as soon as it is available), the articles of association, and the current annual and semi-annual reports (the “legal documents”), as well as after consulting an independent finance and tax specialist. The value of the units and the return they generate can go down as well as up. They both are affected by market volatility and by fluctuations in exchange rates. UBS Fund Management (Switzerland) AG and Zurich Invest AG does not assume any liability for possible losses. The performance of past values and returns is no indicator of their current or future development. The performance of values and returns does not include the fees and costs which may be charged when buying, selling and/or switching units. The fund described here is an investment fund according to Swiss law (other funds for traditional investments) and is admitted for public distribution and offering exclusively in Switzerland. Particularly, the funds are not registered and, therefore, may not be offered for sale or be sold in the United States of America and their dependencies. Fund Management Company is UBS Fund Management (Switzerland) AG, Aeschenvorstadt 1, CH-4051 Basel. This document may not be reproduced, redistributed or republished for any purpose without the written permission of UBS Asset Management Switzerland AG or a local affiliated company. Source for all data and charts (if not indicated otherwise): UBS Asset Management. The key symbol and UBS are among the registered and unregistered trademarks of UBS. Other marks presented on this website or in materials accessible via this website may be trademarks of their respective owners.