Fund Merger affecting UBS (Lux) Money Market Fund - AUD
We have been informed by UBS Asset Management (Europe) S.A ("UBS") of its intention to merge the UBS (Lux) Money Market Fund - AUD. We feature the fund in our defined fund range.
BACKGROUND
UBS has informed us of its intention to close its UBS (Lux) Money Market Fund - AUD (the “Closing Fund”) by way of merger into its UBS (Lux) Money Market Fund - USD on 20 February 2026.
We do not feature the UBS (Lux) Money Market Fund - USD in our RL360 fund range and have decided to switch plans into an alternative receiving fund, which we are adding into the range.
YOUR OPTIONS
UBS has already closed the Closing Fund to subscriptions, in the lead up to the merger taking place. Therefore, to ensure any policyholder premiums received continue to be invested we will automatically switch existing holdings and also redirect any regular premium allocation into the alternative fund, the JPM AUD Liquidity LVNAV Fund (the “Receiving Fund”) with effect 11 February 2026 (the “Switch Date”).
The details of the Closing Fund and the corresponding Receiving Fund can be found in the Appendix of the sample letters located opposite.
The changes will take effect automatically and policyholders do not need to take any action.
For more information regarding UBS Asset Management visit: www.ubsassetmanagement.com