Jalles Machado: Jalles Day: a clear roadmap

Research evidence excerpt

Jalles Machado: Jalles Day: a clear roadmap

stments may have limited or no

liquidity, and investors should be prepared to hold their investment to maturity. The return of structured investments may be limited by a maximum gain,

participation rate or other feature. Structured investments may include call features and, if a structured investment is called early, investors would not earn any

further return and may not be able to reinvest in similar investments with similar terms. Structured investments include costs and fees which are generally

embedded in the price of the investment. The tax treatment of a structured investment may be complex and may differ from a direct investment in the underlying

asset. UBS and its employees do not provide tax advice. Investors should consult their own tax advisor about their own tax situation before investing in any

securities.

Important Information About Sustainable Investing Strategies: Sustainable investing strategies aim to consider and incorporate environmental, social and

governance (ESG) factors into investment process and portfolio construction. Strategies across geographies approach ESG analysis and incorporate the findings in a

variety of ways. Incorporating ESG factors or Sustainable Investing considerations may inhibit the portfolio manager’s ability to participate in certain investment

opportunities that otherwise would be consistent with its investment objective and other principal investment strategies. The returns on a portfolio incorporating

ESG factors or Sustainable Investing considerations may be lower or higher than portfolios where ESG factors, exclusions, or other sustainability issues are not

considered by the portfolio manager, and the investment opportunities available to such portfolios may differ.