The Fund seeks to invest across a wide number of countries and currencies in order to deliver a diversified investment strategy aimed at achieving the investment objective of the Fund. Currency allocation is actively managed and is a separate, although related decision to that of country allocation. 

The Fund aims to provide investors with a total return (after management costs) in excess of the MSCI World Equity Accumulation Index ex Australia ($A) when measured over rolling five year periods.

Benefits of investing in UBS International Share Fund

By investing in the Fund, investors gain access to an actively managed, core style portfolio of international listed securities.

An investment in the Fund has a number of benefits, including:

• the potential to receive half yearly distributions and the potential for capital growth over the long term;

• the pooling of assets in the Fund provides investors with access to investment opportunities and diversification that may not be available to an individual investor;

• flexibility to separate and manage different sources of investment risks to ensure that the Fund takes risks only when and where it expects to be compensated.

• the Fund is managed by a team of experienced professionals with access to investment and risk management systems and processes which ordinary investors would not usually have.

The Fund's significant features include its Constitution (under which we and unit holders have certain rights and certain obligations), the payment of distributions from time to time and the ability for unit holders to apply to withdraw from the Fund or to increase their unit holding or switch their unit holdings (subject to eligibility and conditions).

Risk Level - High
Investor suitability

The Fund is best suited to investors who seek a diversified portfolio of international equity securities with foreign currency exposure. Due to the inherent volatility of share markets, investment returns will fluctuate and may even be negative in some periods.

The Fund is intended to be suitable for investors with at least a seven year investment timeframe and with a high risk and return profile. More specifically, the Fund is intended to be suitable for investors who are seeking a portfolio of global equity securities with some foreign currency exposure.

Fund description

The Fund is an actively managed, core style portfolio of international listed securities.

Investment strategy

Eligible investments of the Fund comprise securities listed on recognised international exchanges, or those we reasonably expect to list within six months.

The Fund seeks to invest across a wide number of countries and currencies in order to deliver a diversified investment strategy aimed at achieving the objectives of the Fund.

The Fund can hold a maximum of 10% in cash.

Currency allocation is a separate, although related decision to that of country allocation. Currency allocation is actively managed. Currency exposure to each country may be fully hedged, partially hedged to $A, or may exceed the Fund's securities' exposure to that country.

UBS Global Asset Management group's worldwide offices advise on the overall structure of the Fund.

How we invest your money

The table below summarises how we invest your money.

Investment guidelines

Region: Securities range / Currency range

• North America: 35 - 80% / 35 - 80%

• Japan: 0 - 30% / 0 - 30%

• Europe 10 - 50% / 10 - 50%

• Asia (ex-Japan) 0 - 20% / 0 - 20%

• Australia & NZ 0 - 5% / 0 - 100%

The Fund may also invest in derivatives to gain exposure to markets and currencies or to manage risk.