The Fund’s investment objective consists in generating strong capital appreciation with a reasonable level of income, while giving due consideration to capital security and the liquidity of the Fund’s assets. UBS Asset Management categorises this sub-fund as an ESG Integration fund that does not promote particular ESG characteristics or pursues a specific sustainability or impact objective. This sub-fund invests at least 70% of its assets in equities and other equity interests of companies that are domiciled or chiefly active in the country or region mentioned in its name. The market capitalisation of such medium-sized companies may not exceed that of the company with the largest market capitalisation in an index representative of medium-sized US companies. However, the sub-fund’s investment scope is not limited to the equities or other equity interests of companies included in indices that are representative of medium-sized US companies.