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1 COURSE DETAILS COURSE NAME COURSE TYPE EXPERT CPD KNOWLEDGE AREA PROFESSIONAL DIMENSIONS UBS Microcap Fund Money Masters Joel Fleming, Portfolio Manager, UBS Managed Investments Capability (1 hours) FPA ACCREDITATION NUMBER HOW TO USE THIS DOCUMENT Thanks for downloading your No More Practice course. This document provides you with all the content you need to create the course in your LMS. Overleaf you ll find the following sections: Text to upload to your LMS for each course section and the accreditation test. Note that this is provided in the structure in which the course is intended to be delivered. Vimeo bulk download link for all videos and images needed for the course. If you are unable to download from Vimeo, please contact your client relationship manager on (02) and we will arrange an alternative. To ensure you have the best experience with your No More Practice Education, we recommend you follow the following steps: Ensure this course/fund is applicable and appropriate for your licensee needs and/or approved product list. Copy and paste the supporting text from Section 1 overleaf alongside the course within you learning management system (LMS). Download all videos from the provided Vimeo portfolio and upload to your LMS. Download any supporting documents that are provided alongside the course and place alongside the course in your LMS. These can include tables, graphs, fact sheets or product disclosure statements. Utilise the CPD accreditation details above to finalise the course in your LMS. Communicate to your planner network that the new course is live.

2 SECTION 1 COURSE TEXT 1. COURSE INTRODUCTION: The UBS Microcap Fund Money Masters course with Joel Fleming will give you insights into: - How to access the microcap market while minimising risk - The value in identifying up-and-coming businesses early on in their development - The strength of long-term investment in the microcap market - The value of a higher-risk segment of your overall portfolio 2. OVERVIEW: 2.1 Snapshot The success of the likes of Uber and Airbnb highlight how the biggest companies of today aren t necessarily the ones with a 10 or 20 year track records, but those which can best identify and fill a gap in our current marketplace. The UBS Microcap Fund doesn t purport to find the next $100 billion company, however, by finding and evaluating the right people in the right companies in the microcap sector, it does seek to access the opportunities presented and tap into emerging growth. 2.2 Fund Philosophy The UBS Microcap Fund believes in the full potential of the investable universe, and looks outside the top 100 companies to access this value. By thinking outside of the markets short-term focus, the fund seeks to access companies which have the ability to grow through to their full potential. 2.3 Competitive Advantage The UBS Microcap Fund utilises an experienced team and is backed by the resources and network of a major financial institution. These resources allow the team to focus completely on the in-depth analysis needed to succeed in the microcap market. 2.4 Aims and Objectives By identifying exciting businesses early on in their development, the UBS Microcap Fund aims to deliver long-term capital growth and beat the small ordinaries benchmark. 2.5 Role in Portfolio Although other managers may be wary of the fast-paced nature and diversity of the microcaps space, the team at UBS sees these factors as crucial to opportunity. By noting the rapid changes in the world and in technology, the fund attempts to mitigate the inherent risks and deliver returns. As such, the UBS Microcap Fund aims to supplement an existing portfolio by providing access to a higher-risk market segment which may be suitable for those with the right risk tolerance and a desire for longterm capital growth.

3 2.6 The Team The team behind the UBS Microcap Fund consists of four passionate, experienced individuals who are specialists in the area of small and microcaps. This unique team creates a holistic view of potential investments through close market analysis and in-depth company visits and evaluations, which helps the team to successfully spot emerging opportunities. 3. STRUCTURE AND OBJECTIVES: 3.1 Rules and Returns The UBS Microcap Fund holds between 40 and 70 stocks, with no individual one exceeding 10 per cent of the fund. Since its inception, the fund has returned in excess of 15 per cent, per annum net of fees. 3.2 Buy and Sell Disciplines The disciplined approach adopted by the UBS Microcap Fund means a lot of time is spent ensuring the suitability of potential investments, and that the appropriate milestones are achieved in accordance with projected timelines. The fund goes on a journey with the companies it invests in, however does not shy away from selling if the value offering of these stocks change. 4. BEST SUITED FOR: 4.1 The Ideal Investor Those with a higher risk tolerance may be interested in investing in this fund, as it serves to supplement overall portfolios with a minimum $20,000 investment. Additionally, the UBS Microcap Fund may be suitable to investors who want to add to longer-term capital growth within their portfolio 4.2 Key Considerations for Investors While microcap investing can sometimes be seen as a gamble, the UBS Microcap Fund team takes a dedicated investment approach to harness risk. By diversifying its portfolio, the fund attempts to find that next small company that may be a Top 100 business of the future and provide investors with capital growth in the long term.

4 SECTION 2 SUPPORTING MATERIAL: Factsheet: f PDS: ooklet.pdf

5 SECTION 3 TEST YOURSELF Q1: What is the number of stocks held at any one time in the fund? a b (correct) c d. 80+ Q2: What is the base fee of the fund a. 1% b. 1.2% (correct) c. 1.5% d. 1.8% Q3: What is the market value of companies that the fund will initially invest in? a. Below $250 million (correct) b. Below $300 million c. Below $350 million d. Below $400 million Q4: What is the most the fund will hold of any company in one position? a. 5% b. 10% (correct) c. 15% d. 20%

6 SECTION 3 Consumer copy Heading: How you can tap into tomorrow s successes today Blurb: The success of the likes of Uber and Airbnb demonstrate how the most successful companies of today aren t always those with the longest track records. Once thought of as a bit of a gamble, the microcap space is now seen as a place of possibility, filled with companies which have the potential to flourish over the long-run. The UBS Microcap Fund aims to tap into tomorrow s success stories today through a diversified portfolio combined with careful surveillance to reduce risk.

7 VIDEO ASSETS DOWNLOAD LINKS You can download all the videos for your course via one of the following links: Dropbox: