The Fund is sold by its Registration Statement – Part A ("Part A"), which includes more complete information on risks, charges, expenses and other matters of interest. Investors should read Part A carefully before investing. Although the Fund's Part A is filed with the US Securities and Exchange Commission and available via EDGAR (www.sec.gov), the Fund is not publicly offered and is intended for a limited group of investors.

You could lose money by investing in the Fund. Because the share price of the Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The Fund may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

Not FDIC Insured. May lose value. No bank guarantee.

UBS Asset Management (US) Inc. is the Fund's placement agent.