For qualified investors only

November 2015

UBS Vitainvest

Expanding Vitainvest - Fundsfamily: UBS Vitainvest 75

1

Table of contents

Section 1 Offering of UBS Vitainvest Funds 2

Section 2 Investment process 7

Appendix A Technical data 13

Offering of UBS Vitainvest Funds

Section 1

3

Global or Swiss focus

Data as end of August 2015. Above allocation shows long term orientation and can be subject to changes at UBS discretion.

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

UBS (CH) Vitainvest – 25 World UBS (CH) Vitainvest – 25 Swiss

Swiss Bonds (incl. SBI For) Swiss Equity

Swiss Real Estate Global Bonds Global Equity

Global Real Estate

4

Lower interest rates = Lower long-term returns

We live in a lower return world

¹Source: UBS AM, Valmod, Thomson Reuters DataStream. ²Source: UBS AM; Note: Only for illustration

Capital Markets Line²

0%

1%

2%

3%

4%

5%

6%

7%

8%

9%

10%

0% 5% 10% 15% 20% 25% 30%

Exp

ect

ed

re

turn

s

Expected risk US Equity (Large Caps)

EM Equity (Asia)

Eurozone Equity

US Corporate Bonds

US High Yield

EMD (Asia)

US Real Estate

US Govt Bonds

0

1

2

3

4

5

6

7

8BARCLAYS US TREASURY BWTS 30 YEARS - RED. YIELD

US FEDERAL FUNDS TARGET RATE - MIDDLE RATE

US Treasury Yields, Fed Funds Rate¹

%

5

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

UBS (CH) Vitainvest – 25 World UBS (CH) Vitainvest – 75 World

Swiss Bonds (incl. SBI For) Swiss Equity

Swiss Real Estate Global Bonds Global Equity

Global Real Estate

Data as end of August 2015. Above allocation shows long term allocation and can be subject to changes at UBS discretion.

6

Performance Vitainvest Data as end of October, 2015

80

90

100

110

120

130

140

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

Performance

Fund Valor MtD YtD 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%

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.

Investment process

Section 2

8

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.

9

Broad experience in one solution

Investment strategies with different

risk-/return characteristics

Equity Real Estate Fixed Income

Portfolio management Implementation of the strategies

Stock selection Risk monitoring

Reporting

Portfolio construction

Optimization

Investment restriction

Investment decision

10

Attractive fund-of-funds concept

• 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

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

UBS Vitainvest

Swiss

UBS Vitainvest implements the strategies mostly with funds belonging to UBS

Advantage for investors

With UBS Vitainvest an investors receives access to a professional managed investment solution with just one transaction

Possible Target Funds

(UBS Vitainvest Swiss)

11

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

12

Important aspect – risk management Analysis of single scenarios

Source: UBS Asset Management, Global Risk System For illustrative purposes only

Technical data

Appendix A

14

UBS Vitainvest World

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):

Management fee TER (per 31.12.2014)

12 World U: 0.92% p.a. 1.20% p.a. 25 World U: 1.04% p.a. 1.35% p.a. 40 World U: 1.12% p.a. 1.45% p.a. 50 World U: 1.20% p.a. 1.55% p.a. 75 World U: 1.28% 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 ISIN

12 World U: 2 247 644 CH0022476441 25 World U: 2 247 646 CH0022476466 40 World U: 2 247 648 CH0022476482 50 World U: 2 247 650 CH0022476508 75 World U: 29 317 460 CH0293174600

Technical data

.Data as end of August 2015

15

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):

Management fee TER (per 31.12.2014)

25 Swiss U: 1.00% p.a. 1.19% p.a.

50 Swiss U: 1.12% p.a. 1.34% p.a. 75 Swiss U: 1.20% 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 ISIN

25 Swiss U: 10 852 691 CH0108526911 50 Swiss U: 10 852 698 CH0108526986 75 Swiss U: 29 317 503 CH0293175037

.Data as end of August 2015

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Disclaimer

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 financial instruments mentioned in this document. UBS funds under Swiss law. Before investing in a product please read the latest prospectus carefully and thoroughly. Units of UBS funds mentioned herein may not be eligible for sale in all jurisdictions or to certain categories of investors and may not offered, sold or delivered in the United States. The information mentioned herein is not intended to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. 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 the currency of a financial product or financial service is different from your reference currency, the return can increase or decrease as a result of currency fluctuations. This information pays no regard to the specific or future investment objectives, financial or tax situation or particular needs of any specific recipient. The details and opinions contained in this document are provided by UBS without any guarantee or warranty and are for the recipient's personal use and information purposes only. This document may not be reproduced, redistributed or republished for any purpose without the written permission of UBS AG. Source for all data and charts (if not indicated otherwise): UBS Asset Management. This document contains statements that constitute “forward-looking statements”, including, but not limited to, statements relating to our future business development. While these forward-looking statements represent our judgments and future expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations.

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