The objective is to achieve an excess performance relative to the S&P Mid Cap 400 (the fund benchmark).
The fund invests mainly in stocks and other equity shares of medium or smaller size that are domiciled or chiefly active in the USA. Investments are primarily made in common and preferred stocks including ADR’s warrants on
transferable securities and rights convertible into common stocks and, on an ancillary basis, in short term fixed income transferable securities. The currency of account of the fund is the USD. The currency of consolidation for the UBS (Lux) Institutional Fund is the EUR.