Semi-Annual Report 2017/2018

Asset management UBS Funds Semi-Annual Report 2017/2018 Investment Fund under Swiss Law with multiple sub-funds (umbrella fund) Unaudited semi-annual report as of 28 February 2018 UBS (CH) Suisse 25 (CHF) UBS (CH) Suisse 45 (CHF) UBS (CH) Suisse 65 (CHF)

Unaudited semi-annual report as of 28 February 2018 Table of contents Page ISIN Organization 2 UBS (CH) Suisse 25 (CHF) 3 P-dist / CH0109738986 Q-dist / CH0210193519 UBS (CH) Suisse 45 (CHF) 8 P-dist / CH0109738994 Q-dist / CH0210193535 UBS (CH) Suisse 65 (CHF) 13 P-dist / CH0109739000 Q-dist / CH0210193584 Sales restrictions Units of these sub-funds may not be offered, sold or delivered within the United States. Investors who are US persons must not be offered, sold or supplied with any units of this investment fund. A US person is someone who: (i) is a United States person within the meaning of paragraph 7701(a)(30) of the US Internal Revenue Code of 1986 (as amended) and the Treasury Regulations enacted in the Code; (ii) is a US person within the meaning of regulation S in the US Securities Act of 1933 (17 CFR 230.902(k)); (iii) is a non-us person within the meaning of rule 4.7 of the US Commodity Futures Trading Commission Regulations (17 CFR 4.7(a)(1)(iv)); (iv) resides in the United States of America within the meaning of rule 202(a)(30)-1 of the US Investment Advisers Act of 1940 (as amended); or (v) is a trust, a legal entity or another structure founded for the purpose of enabling US persons to invest in this investment fund. Internet address www.ubs.com/funds 1

Organization Fund Management UBS Fund Management (Switzerland) AG Aeschenplatz 6, 4002 Basel Board of Directors André Müller-Wegner, Chairman Managing Director, UBS AG, Basel and Zurich Reto Ketterer, Vice-chairman Managing Director, UBS AG, Basel and Zurich André Valente, Delegate Managing Director, UBS Fund Management (Switzerland) AG, Basel Thomas Rose Managing Director, UBS AG, Basel and Zurich Franz Gysin Independent Member Andreas Schlatter Independent Member Executive Board André Valente Managing Director Eugène Del Cioppo Deputy Managing Director and Head of Business Development & Client Management Daniel Brüllmann Head of Real Estate Funds Christel Müller Head of ManCo Oversight & Risk Management Thomas Reisser Head of Compliance Beat Schmidlin Head of Legal Services Custodian bank UBS Switzerland AG, Zurich Auditors Ernst & Young Ltd, Basel Delegation of investment decisions UBS Switzerland AG UBS Asset Management, a business group of UBS AG, Basel and Zurich Delegation of administration The administration of the investment funds, particularly accounting, the calculation of net asset values, tax statements, the operation of IT systems and the drafting of performance reports, has been delegated to Northern Trust Switzerland AG, Basel. The precise duties involved are set out in an agreement between the parties. All other fund management duties and the monitoring of other delegated duties are carried out in Switzerland. Paying agents UBS Switzerland AG, Zurich and its branches in Switzerland 2 Semi-Annual Report as of 28 February 2018

UBS (CH) Suisse 25 (CHF) Category Other Funds for Traditional Investments Most important figures ISIN 28.2.2018 31.8.2017 31.8.2016 Net fund assets in CHF 1 742 440 403.62 1 775 740 416.40 1 716 045 922.16 Class P-dist CH0109738986 Net asset value per unit in CHF 117.65 118.86 116.21 Issue and redemption price per unit in CHF 1 117.90 119.20 116.61 Number of units outstanding 14 581 844.0350 14 696 032.8350 14 543 650.8420 Class Q-dist CH0210193519 Net asset value per unit in CHF 102.44 103.74 101.31 Issue and redemption price per unit in CHF 1 102.66 104.04 101.65 Number of units outstanding 262 996.4620 279 650.6130 255 403.9590 1 see Supplementary information Structure of the securities portfolio The 10 largest positions in % of total assets UBS (CH) Institutional Fund Bonds CHF Ausland Corporate Passive II 16.23 UBS (CH) Institutional Fund Bonds CHF Prime Ausland 15.09 UBS (CH) Institutional Fund Bonds CHF Inland Corporate Passive II 13.66 UBS (LUX) Bond SICAV USD Investment Grade Corporates (USD) 12.04 UBS (CH) Institutional Fund 3 Swiss Real Estate Securities Selection Passive II 10.03 UBS (CH) Investment Fund Equities Switzerland Passive Large 8.27 UBS (CH) Investment Fund Equities USA Passive 8.11 UBS (LUX) Bond SICAV EUR Corporates (EUR) 6.07 UBS ETF MSCI EMU UCITS ETF (EUR) 4.00 UBS (CH) Institutional Fund Small & Mid Cap Equities Switzerland 2.98 Others 1.98 Total 98.46 There may be differences in the way the percentages mentioned above are rounded off. UBS (CH) Suisse 25 (CHF) Semi-Annual Report as of 28 February 2018 3

Statement of assets 28.2.2018 31.8.2017 Market values CHF CHF Bank deposits at sight 13 485 195.83 32 738 843.39 Securities Units of other collective investment schemes 1 716 493 926.71 1 745 304 571.41 Derivative financial instruments 4 444 092.89-3 555 621.76 Other assets 9 070 321.11 2 970 748.53 Total fund assets 1 743 493 536.54 1 777 458 541.57 Loans -341 902.12-632 103.20 Other liabilities -711 230.80-1 086 021.97 Net fund assets 1 742 440 403.62 1 775 740 416.40 Statement of income 1.9.2017-28.2.2018 1.9.2016-31.8.2017 Income CHF CHF Income from bank assets 0.31 2.01 Negative interest -10 361.07-10 840.33 Retrocessions 0.00 118 269.60 Income from securities from units of other collective investment schemes 17 792 023.68 31 532 898.82 Offset payments from securities lending 0.00 12 069.48 Income from securities lending 35 125.95 22 243.93 Purchase of current net income on issue of units -84 033.48 361 413.92 Total income 17 732 755.39 32 036 057.43 Expenses Interest payable -6.40-23 770.19 Audit expenses -14 185.80-41 752.45 Commission remuneration of the Fund Management in accordance with the fund contract Class P-dist -10 581 201.11-20 934 983.77 Commission remuneration of the Fund Management in accordance with the fund contract Class Q-dist -103 079.45-208 129.24 Other expenses -2 039.00-1 891.56 Payment of current net income on redemption of units 134 613.75-334 477.85 Total expenses -10 565 898.01-21 545 005.06 Net income 7 166 857.38 10 491 052.37 Realized capital gains and losses 1-4 813 390.96 26 509 817.51 Realized result 2 353 466.42 37 000 869.88 Unrealized capital gains and losses -9 786 783.07 10 356 416.86 Total result -7 433 316.65 47 357 286.74 Changes in net fund assets 1.9.2017-28.2.2018 1.9.2016-31.8.2017 CHF CHF Net fund assets at the beginning of the financial year 1 775 740 416.40 1 716 045 922.16 Ord. annual distribution -10 530 263.90-8 342 083.37 Balance of unit movements -15 336 432.23 20 679 290.87 Total result -7 433 316.65 47 357 286.74 Net fund assets at the end of the reporting period 1 742 440 403.62 1 775 740 416.40 Development of the outstanding units 1.9.2017-28.2.2018 1.9.2016-31.8.2017 Class P-dist Number Number Situation at the beginning of the financial year 14 696 032.8350 14 543 650.8420 Units issued 769 866.3450 1 968 907.3340 Units redeemed -884 055.1450-1 816 525.3410 Situation at the end of the period 14 581 844.0350 14 696 032.8350 Difference between units issued and units redeemed -114 188.8000 152 381.9930 Class Q-dist Number Number Situation at the beginning of the financial year 279 650.6130 255 403.9590 Units issued 19 659.7290 73 582.1340 Units redeemed -36 313.8800-49 335.4800 Situation at the end of the period 262 996.4620 279 650.6130 Difference between units issued and units redeemed -16 654.1510 24 246.6540 1 Realized capital gains and losses may include income and expenses which were received from Swinging Single Pricing. 4 UBS (CH) Suisse 25 (CHF) Semi-Annual Report as of 28 February 2018

Inventory of Fund assets Security 31.8.2017 Purchases 1 Sales 2 28.2.2018 Market value 3 in % 3 Thereof Quantity/ Quantity/ in CHF in lending Nominal Nominal Quantity/Nominal Securities traded on an exchange Investment certificates, open end Eurozone UBS ETF - MSCI EMU UCITS ETF (EUR) A-DIS* EUR 520 131 29 200 57 601 491 730 69 725 628 4.00 Total Eurozone 69 725 628 4.00 United Kingdom UBS ETF - MSCI UNITED KINGDOM UCITS ETF (GBP)-A* GBP 1 264 158 38 200 694 181 608 177 17 568 964 1.01 Total United Kingdom 17 568 964 1.01 Total Investment certificates, open end 87 294 592 5.01 Total Securities traded on an exchange 87 294 592 5.01 Securities traded neither on an exchange nor on a regulated market Investment certificates, open end Emerging Markets UBS (CH) INST FUND-EQUITIES EMERG MKTS GLOBAL PASSIVE II UX** USD 126 126 16 925 023 0.97 Total Emerging Markets 16 925 023 0.97 Global UBS (CH) INST FUND - BONDS CHF PRIME AUSLAND U-X** CHF 2 706 196 186 2 716 263 166 168 15.09 UBS (CH) INST FUND-BONDS CHF AUSLAND CORPORATE PASSIVE II UX** CHF 2 881 12 163 2 730 282 778 186 16.22 UBS (CH) MONEY MARKET FUND - CHF I-X** CHF 8 8 7 338 0.00 UBS (LUX) BD SICAV USD INVEST GRADE CORP USD CHF HDG U X ACC** CHF 20 890 361 288 20 963 209 883 562 12.04 UBS (LUX) BOND SICAV - EUR CORPORATES (EUR)-U-X-ACC** CHF 10 208 165 230 10 143 105 772 320 6.07 UBS (LUX) MONEY MARKET FUND - CHF U-X-ACC** CHF 5 5 49 004 0.00 Total Global 861 656 577 49.42 Switzerland UBS (CH) INST FUND - SMALL & MID CAP EQUITIES SWITZERLD I-X** CHF 127 298 2 171 16 376 113 093 51 996 769 2.98 UBS (CH) INST FUND 3-SWISS REAL ESTATE SEC SEL PAS II I-X** CHF 116 834 6 355 5 232 117 957 174 862 855 10.03 UBS (CH) INST FUND-BONDS CHF INLAND CORPORATE PASSIVE II UX** CHF 2 214 86 12 2 288 238 181 678 13.66 UBS (CH) INV FUND - EQUITIES SWITZERLAND PASSIVE LARGE I-X** CHF 62 105 3 824 2 523 63 406 144 184 610 8.27 Total Switzerland 609 225 911 34.94 United States UBS (CH) INVESTMENT FUND - EQUITIES USA PASSIVE I-X** CHF 80 299 11 509 19 055 72 753 141 391 824 8.12 Total United States 141 391 824 8.12 Total Investment certificates, open end 1 629 199 335 93.45 Total Securities traded neither on an exchange nor on a regulated market 1 629 199 335 93.45 Total securities and similar instruments 1 716 493 927 98.46 (thereof in lending 0.00) Bank deposits at sight 13 485 196 0.77 Derivative financial instruments 4 444 093 0.25 Other assets 9 070 321 0.52 Total fund assets 1 743 493 537 100.00 Short-term bank liabilities -341 902 Other liabilities -711 231 Net fund assets 1 742 440 404 Valuation categories Market value as of in % 28.2.2018 of the total fund assets 3 Investments valued at prices paid on the main market 85 927 792 4.93 Investments valuation based on market-observed parameters 1 635 010 228 93.78 Investments valued with suitable valuation models taking account of the current market circumstances Total 1 720 938 020 98.71 1 Purchases include the following transactions: allotment from subscription / allotment from option rights / option rights / allotment of subscription rights from underlying stocks / bonus securities / change of corporate names / conversions / purchases / share exchange between companies / stock splits / stock dividends / optional dividends / transfers / transfer due to redenomination in euro / subscriptions in kind 2 Sales include the following transactions: cancellation as a result of expiry / draws by lot / exercise of rights / options / repayments / reverse-splits / sales / share exchange between companies / transfers / transfer due to redenomination in euro / redemptions in kind 3 Divergences in the totals may be attributed to rounding differences * valued at prices paid on the main market (art. 88 para. 1 CISA) ** valuation based on market-observed parameters UBS (CH) Suisse 25 (CHF) Semi-Annual Report as of 28 February 2018 5

Derivative financial instruments CISO-FINMA Art. 23 Exposure-increasing derivatives open at the end of the period under review Instrument Number Currency Coverage Variation margin in % of of contracts in CHF in CHF total assets Futures on indices/commodities/currencies SWISS MARKET INDEX FUTURE 16.03.18* 335 CHF 29 560 400-1 366 800-0.08 29 560 400-1 366 800-0.08 Derivatives on currencies open at the end of the period under review Sale Sale Purchase Purchase Maturity Replacement in % of Currency Amount Currency Amount value in CHF total assets Forward exchange transactions** USD 124 650 000 CHF 121 984 360 07.03.2018 4 222 109 0.24 EUR 60 200 000 CHF 70 493 177 07.03.2018 1 106 882 0.06 GBP 26 800 000 CHF 35 527 956 07.03.2018 637 280 0.04 USD 2 000 000 CHF 1 942 690 07.03.2018 53 203 0.00 USD 21 000 000 CHF 20 132 217 07.03.2018 292 608 0.02 CHF 17 935 967 GBP 13 400 000 07.03.2018-490 629-0.03 EUR 900 000 CHF 1 036 896 07.03.2018-440 0.00 USD 1 400 000 CHF 1 309 158 07.03.2018-13 482 0.00 GBP 450 000 CHF 589 213 07.03.2018 3 362 0.00 5 810 893 0.33 There may be differences in the way the figures mentioned above are rounded off. * valued at prices paid on the main market (art. 88 para. 1 CISA) ** valuation based on market-observed parameters Transactions in exposure-increasing derivatives during the period under review Instrument Currency Purchase/ Sale/ Contracts Contracts Futures on indices/commodities/currencies SWISS MARKET INDEX FUTURE 15.09.17 CHF 0 370 SWISS MARKET INDEX FUTURE 15.12.17 CHF 370 370 SWISS MARKET INDEX FUTURE 16.03.18 CHF 346 11 Transactions in derivatives on currencies during the period under review Sale Sale Purchase Purchase Maturity Currency Amount Currency Amount Forward exchange transactions GBP 28 000 000 CHF 36 210 020 16.11.2017 EUR 63 100 000 CHF 72 641 036 16.11.2017 USD 148 450 000 CHF 142 295 411 16.11.2017 CHF 21 250 350 USD 22 000 000 16.11.2017 CHF 2 085 496 EUR 1 800 000 16.11.2017 CHF 1 045 503 GBP 800 000 16.11.2017 EUR 600 000 CHF 687 463 16.11.2017 GBP 700 000 CHF 906 794 16.11.2017 USD 2 200 000 CHF 2 158 673 16.11.2017 CHF 2 687 645 USD 2 700 000 16.11.2017 CHF 799 023 USD 800 000 16.11.2017 GBP 27 900 000 CHF 36 204 909 11.01.2018 EUR 61 900 000 CHF 72 068 932 11.01.2018 USD 125 150 000 CHF 123 520 547 11.01.2018 CHF 2 763 466 USD 2 800 000 11.01.2018 CHF 1 435 819 GBP 1 100 000 11.01.2018 CHF 1 983 443 EUR 1 700 000 11.01.2018 USD 2 300 000 CHF 2 271 427 11.01.2018 CHF 17 868 518 USD 18 600 000 25.01.2018 USD 124 650 000 CHF 121 984 360 07.03.2018 EUR 60 200 000 CHF 70 493 177 07.03.2018 GBP 26 800 000 CHF 35 527 956 07.03.2018 USD 2 000 000 CHF 1 942 690 07.03.2018 USD 21 000 000 CHF 20 132 217 07.03.2018 CHF 17 935 967 GBP 13 400 000 07.03.2018 EUR 900 000 CHF 1 036 896 07.03.2018 USD 1 400 000 CHF 1 309 158 07.03.2018 GBP 450 000 CHF 589 213 07.03.2018 6 UBS (CH) Suisse 25 (CHF) Semi-Annual Report as of 28 February 2018

Supplementary information Derivative financial instruments Risk assessment process Commitment approach II: Art. 35ff CISO-FINMA Repurchase agreements No securities were used in repurchase agreements at balance sheet date. Remuneration of the Fund Management Flat fee Actual flat fee: Class P-dist: 1.22%* p.a.; Class Q-dist: 0.72%* p.a.; Maximum flat fee as specified in the fund contract: Class P-dist: 2.16% p.a.; Class Q-dist: 1.19% p.a.; based on the average net fund assets. Any management commission charged by the target funds in which investments are made may not exceed 3%, taking into account any retrocessions and discounts. Soft Commission Arrangements The fund management company has not concluded any arrangements in the form of soft commission arrangements. * The actual flat fee has been adjusted by 0.03 percentage points for class P-dist and 0.03 percentage point for class Q-dist by reducing the portfolio management fee for the investment certificates UBS (CH) PROPERTY FUND (see the statement on the inventory of the fund s assets) in order to avoid a double charge. If this adjustment is not applied, the actual flat fee represents 1.25% for class P-dist and 0.75% for class Q-dist. Total Expense Ratio (TER) This ratio was calculated in accordance with the SFAMA s Guidelines on the calculation and disclosure of the Total Expense Ratio (TER) of collective investment schemes in the current version and expresses the sum of all costs and commissions charged on an ongoing basis to the net assets (operating expenses) taken retrospectively as a percentage of the net assets. Composed TER for the last 12 months: Class P-dist: 1.33% Class Q-dist: 0.83% Issue and redemption price If, on any one order day, the sum of subscriptions and redemptions of units in the sub-fund result in a net inflow or outflow, the sub-fund s valuation net asset value will be increased or reduced accordingly (swinging single pricing). The maximum adjustment level amounts to 2% of the valuation net asset value. Incorporated into this are the incidental costs (bid/ask spread, brokerage at standard market rates, commissions, duties, etc.) that accrue to the sub-fund on average from the investment of a net inflow or from the sale of a portion of investments corresponding to the net outflow. The adjustment results in an increase of the valuation net asset value if net movements lead to an increase in the number of units in the sub-fund. Conversely, the adjustment results in a reduction of the valuation net asset value if net movements lead to a reduction in the number of units. The net asset value calculated on the basis of swinging single pricing is thus a modified net asset value. Exchange rates EUR 1 = CHF 1.152630 GBP 1 = CHF 1.302137 USD 1 = CHF 0.945050 UBS (CH) Suisse 25 (CHF) Semi-Annual Report as of 28 February 2018 7

UBS (CH) Suisse 45 (CHF) Category Other Funds for Traditional Investments Most important figures ISIN 28.2.2018 31.8.2017 31.8.2016 Net fund assets in CHF 659 907 063.77 631 291 504.53 545 572 955.50 Class P-dist CH0109738994 Net asset value per unit in CHF 131.36 131.70 124.76 Issue and redemption price per unit in CHF 1 131.57 131.58 125.11 Number of units outstanding 4 958 210.1670 4 724 178.9700 4 319 409.2930 Class Q-dist CH0210193535 Net asset value per unit in CHF 105.96 106.50 100.76 Issue and redemption price per unit in CHF 1 106.13 106.40 101.04 Number of units outstanding 81 175.3450 85 814.6600 66 384.3010 1 see Supplementary information Structure of the securities portfolio The 10 largest positions in % of total assets UBS (CH) Investment Fund Equities Switzerland Passive Large 17.61 UBS (CH) Institutional Fund Bonds CHF Prime Ausland 11.02 UBS (CH) Institutional Fund Bonds CHF Ausland Corporate Passive II 10.87 UBS (CH) Investment Fund Equities USA Passive 10.12 UBS (CH) Institutional Fund 3 Swiss Real Estate Securities Selection Passive II 10.01 UBS (CH) Institutional Fund Bonds CHF Inland Corporate Passive II 9.07 UBS (LUX) Bond SICAV USD Investment Grade Corporates (USD) 7.98 UBS (CH) Institutional Fund Small & Mid Cap Equities Switzerland 5.95 UBS ETF MSCI EMU UCITS ETF (EUR) 4.99 UBS (LUX) Bond SICAV EUR Corporates (EUR) 4.02 Others 6.50 Total 98.14 There may be differences in the way the percentages mentioned above are rounded off. 8 UBS (CH) Suisse 45 (CHF) Semi-Annual Report as of 28 February 2018

Statement of assets 28.2.2018 31.8.2017 Market values CHF CHF Bank deposits at sight 6 379 161.84 12 506 882.34 Securities Units of other collective investment schemes 649 098 244.47 621 353 017.80 Derivative financial instruments 2 250 013.04-1 601 024.98 Other assets 3 735 686.13 1 066 719.53 Total fund assets 661 463 105.48 633 325 594.69 Loans -1 253 911.10-1 600 600.60 Other liabilities -302 130.61-433 489.56 Net fund assets 659 907 063.77 631 291 504.53 Statement of income 1.9.2017-28.2.2018 1.9.2016-31.8.2017 Income CHF CHF Income from bank assets 1 555.38 814.16 Negative interest -15 345.31-43 644.92 Retrocessions 0.00 38 515.71 Income from securities from units of other collective investment schemes 7 790 262.61 11 368 773.32 Purchase of current net income on issue of units 6 032.39 207 302.25 Total income 7 782 505.07 11 571 760.52 Expenses Interest payable -212.73-7 632.92 Audit expenses -14 185.80-35 272.45 Commission remuneration of the Fund Management in accordance with the fund contract Class P-dist -4 372 590.01-7 926 173.19 Commission remuneration of the Fund Management in accordance with the fund contract Class Q-dist -37 360.40-62 623.49 Other expenses -1 239.00-1 826.71 Payment of current net income on redemption of units 8 500.77-100 259.83 Total expenses -4 417 087.17-8 133 788.59 Net income 3 365 417.90 3 437 971.93 Realized capital gains and losses 1 1 408 492.24 8 940 544.27 Realized result 4 773 910.14 12 378 516.20 Unrealized capital gains and losses -3 516 913.13 22 877 090.77 Total result 1 256 997.01 35 255 606.97 Changes in net fund assets 1.9.2017-28.2.2018 1.9.2016-31.8.2017 CHF CHF Net fund assets at the beginning of the financial year 631 291 504.53 545 572 955.50 Ord. annual distribution -3 493 188.29-3 075 904.85 Balance of unit movements 30 851 750.52 53 538 846.91 Total result 1 256 997.01 35 255 606.97 Net fund assets at the end of the reporting period 659 907 063.77 631 291 504.53 Development of the outstanding units 1.9.2017-28.2.2018 1.9.2016-31.8.2017 Class P-dist Number Number Situation at the beginning of the financial year 4 724 178.9700 4 319 409.2930 Units issued 487 940.0680 938 778.4510 Units redeemed -253 908.8710-534 008.7740 Situation at the end of the period 4 958 210.1670 4 724 178.9700 Difference between units issued and units redeemed 234 031.1970 404 769.6770 Class Q-dist Number Number Situation at the beginning of the financial year 85 814.6600 66 384.3010 Units issued 8 061.4100 37 991.9010 Units redeemed -12 700.7250-18 561.5420 Situation at the end of the period 81 175.3450 85 814.6600 Difference between units issued and units redeemed -4 639.3150 19 430.3590 1 Realized capital gains and losses may include income and expenses which were received from Swinging Single Pricing. UBS (CH) Suisse 45 (CHF) Semi-Annual Report as of 28 February 2018 9

Inventory of Fund assets Security 31.8.2017 Purchases 1 Sales 2 28.2.2018 Market value 3 in % 3 Thereof Quantity/ Quantity/ in CHF in lending Nominal Nominal Quantity/Nominal Securities traded on an exchange Investment certificates, open end Eurozone UBS ETF - MSCI EMU UCITS ETF (EUR) A-DIS* EUR 229 270 22 534 19 081 232 723 32 999 323 4.99 Total Eurozone 32 999 323 4.99 United Kingdom UBS ETF - MSCI UNITED KINGDOM UCITS ETF (GBP)-A* GBP 454 900 14 700 239 313 230 287 6 652 511 1.01 Total United Kingdom 6 652 511 1.01 Total Investment certificates, open end 39 651 834 6.00 Total Securities traded on an exchange 39 651 834 6.00 Securities traded neither on an exchange nor on a regulated market Investment certificates, open end Emerging Markets UBS (CH) INST FUND-EQUITIES EMERG MKTS GLOBAL PASSIVE II UX** USD 128 8 120 16 051 907 2.43 Total Emerging Markets 16 051 907 2.43 Global UBS (CH) INST FUND - BONDS CHF PRIME AUSLAND U-X** CHF 706 100 54 752 72 867 837 11.02 UBS (CH) INST FUND-BONDS CHF AUSLAND CORPORATE PASSIVE II UX** CHF 667 27 694 71 908 354 10.87 UBS (CH) MONEY MARKET FUND - CHF I-X** CHF 8 8 7 338 0.00 UBS (IRL) INVESTOR SELECTION PLC - GLOB EMER MKT OPP-I-X USD** USD 66 385 44 398 21 987 5 313 351 0.80 UBS (LUX) BD SICAV USD INVEST GRADE CORP USD CHF HDG U X ACC** CHF 4 948 327 5 275 52 812 426 7.98 UBS (LUX) BOND SICAV - EUR CORPORATES (EUR)-U-X-ACC** CHF 2 426 126 2 552 26 612 537 4.02 UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC** USD 240 23 80 183 5 275 371 0.80 UBS (LUX) MONEY MARKET FUND - CHF U-X-ACC** CHF 5 5 49 004 0.01 Total Global 234 846 217 35.50 Switzerland UBS (CH) INST FUND - SMALL & MID CAP EQUITIES SWITZERLD I-X** CHF 88 613 3 303 6 283 85 633 39 371 484 5.95 UBS (CH) INST FUND 3-SWISS REAL ESTATE SEC SEL PAS II I-X** CHF 41 508 3 939 790 44 657 66 201 581 10.01 UBS (CH) INST FUND EQUITIES SWITZERLAND PASSIVE LARGE II I-X** CHF 2 493 1 616 4 109 9 677 476 1.46 UBS (CH) INST FUND-BONDS CHF INLAND CORPORATE PASSIVE II UX** CHF 537 57 18 576 59 999 047 9.07 UBS (CH) INV FUND - EQUITIES SWITZERLAND PASSIVE LARGE I-X** CHF 49 467 2 914 1 200 51 181 116 385 082 17.60 Total Switzerland 291 634 670 44.09 United States UBS (CH) INVESTMENT FUND - EQUITIES USA PASSIVE I-X** CHF 35 655 5 437 6 662 34 430 66 913 617 10.12 Total United States 66 913 617 10.12 Total Investment certificates, open end 609 446 410 92.14 Total Securities traded neither on an exchange nor on a regulated market 609 446 410 92.14 Total securities and similar instruments 649 098 244 98.14 (thereof in lending 0.00) Bank deposits at sight 6 379 162 0.96 Derivative financial instruments 2 250 013 0.34 Other assets 3 735 686 0.56 Total fund assets 661 463 105 100.00 Short-term bank liabilities -1 253 911 Other liabilities -302 130 Net fund assets 659 907 064 Valuation categories Market value as of in % 28.2.2018 of the total fund assets 3 Investments valued at prices paid on the main market 39 113 274 5.91 Investments valuation based on market-observed parameters 612 234 983 92.57 Investments valued with suitable valuation models taking account of the current market circumstances Total 651 348 257 98.48 1 Purchases include the following transactions: allotment from subscription / allotment from option rights / option rights / allotment of subscription rights from underlying stocks / bonus securities / change of corporate names / conversions / purchases / share exchange between companies / stock splits / stock dividends / optional dividends / transfers / transfer due to redenomination in euro / subscriptions in kind 2 Sales include the following transactions: cancellation as a result of expiry / draws by lot / exercise of rights / options / repayments / reverse-splits / sales / share exchange between companies / transfers / transfer due to redenomination in euro / redemptions in kind 3 Divergences in the totals may be attributed to rounding differences * valued at prices paid on the main market (art. 88 para. 1 CISA) ** valuation based on market-observed parameters 10 UBS (CH) Suisse 45 (CHF) Semi-Annual Report as of 28 February 2018

Derivative financial instruments CISO-FINMA Art. 23 Exposure-increasing derivatives open at the end of the period under review Instrument Number Currency Coverage Variation margin in % of of contracts in CHF in CHF total assets Futures on indices/commodities/currencies SWISS MARKET INDEX FUTURE 16.03.18* 132 CHF 11 647 680-538 560-0.08 11 647 680-538 560-0.08 Derivatives on currencies open at the end of the period under review Sale Sale Purchase Purchase Maturity Replacement in % of Currency Amount Currency Amount value in CHF total assets Forward exchange transactions** CHF 860 694 USD 920 000 01.03.2018 8 752 0.00 USD 60 790 000 CHF 59 490 006 07.03.2018 2 059 061 0.31 EUR 27 470 000 CHF 32 166 903 07.03.2018 505 084 0.08 GBP 10 050 000 CHF 13 322 984 07.03.2018 238 980 0.03 EUR 700 000 CHF 820 715 07.03.2018 13 897 0.00 USD 420 000 CHF 403 055 07.03.2018 6 262 0.00 USD 8 900 000 CHF 8 532 225 07.03.2018 124 010 0.02 CHF 798 285 GBP 600 000 07.03.2018-17 150 0.00 EUR 350 000 CHF 411 436 07.03.2018 8 027 0.00 CHF 5 688 646 GBP 4 250 000 07.03.2018-155 610-0.02 EUR 880 000 CHF 1 010 326 07.03.2018-3 958 0.00 EUR 260 000 CHF 299 548 07.03.2018-127 0.00 GBP 180 000 CHF 235 685 07.03.2018 1 345 0.00 2 788 573 0.42 There may be differences in the way the figures mentioned above are rounded off. * valued at prices paid on the main market (art. 88 para. 1 CISA) ** valuation based on market-observed parameters Transactions in exposure-increasing derivatives during the period under review Instrument Currency Purchase/ Sale/ Contracts Contracts Futures on indices/commodities/currencies SWISS MARKET INDEX FUTURE 15.09.17 CHF 0 140 SWISS MARKET INDEX FUTURE 15.12.17 CHF 140 140 SWISS MARKET INDEX FUTURE 16.03.18 CHF 137 5 Transactions in derivatives on currencies during the period under review Sale Sale Purchase Purchase Maturity Currency Amount Currency Amount Forward exchange transactions USD 700 000 CHF 678 265 28.09.2017 CHF 594 241 USD 610 000 05.10.2017 USD 400 000 CHF 393 004 26.10.2017 GBP 10 520 000 CHF 13 604 622 16.11.2017 EUR 27 850 000 CHF 32 061 059 16.11.2017 USD 66 250 000 CHF 63 503 341 16.11.2017 CHF 6 954 660 USD 7 200 000 16.11.2017 CHF 347 583 EUR 300 000 16.11.2017 CHF 653 440 GBP 500 000 16.11.2017 EUR 250 000 CHF 286 443 16.11.2017 EUR 370 000 CHF 422 951 16.11.2017 USD 450 000 CHF 437 161 16.11.2017 USD 10 000 CHF 9 711 16.11.2017 GBP 200 000 CHF 259 084 16.11.2017 USD 980 000 CHF 961 591 16.11.2017 CHF 1 214 417 USD 1 220 000 16.11.2017 CHF 397 546 USD 400 000 16.11.2017 USD 700 000 CHF 693 679 22.11.2017 GBP 10 220 000 CHF 13 262 157 11.01.2018 EUR 28 170 000 CHF 32 797 768 11.01.2018 USD 58 870 000 CHF 58 103 513 11.01.2018 CHF 1 243 560 USD 1 260 000 11.01.2018 CHF 221 899 GBP 170 000 11.01.2018 CHF 816 712 EUR 700 000 11.01.2018 USD 1 880 000 CHF 1 856 645 11.01.2018 USD 180 000 CHF 175 405 11.01.2018 USD 1 120 000 CHF 1 092 151 11.01.2018 CHF 5 860 105 USD 6 100 000 25.01.2018 CHF 860 694 USD 920 000 01.03.2018 USD 60 790 000 CHF 59 490 006 07.03.2018 EUR 27 470 000 CHF 32 166 903 07.03.2018 GBP 10 050 000 CHF 13 322 984 07.03.2018 EUR 700 000 CHF 820 715 07.03.2018 USD 420 000 CHF 403 055 07.03.2018 USD 8 900 000 CHF 8 532 225 07.03.2018 CHF 798 285 GBP 600 000 07.03.2018 EUR 350 000 CHF 411 436 07.03.2018 CHF 5 688 646 GBP 4 250 000 07.03.2018 EUR 880 000 CHF 1 010 326 07.03.2018 EUR 260 000 CHF 299 548 07.03.2018 GBP 180 000 CHF 235 685 07.03.2018 UBS (CH) Suisse 45 (CHF) Semi-Annual Report as of 28 February 2018 11

Supplementary information Derivative financial instruments Risk assessment process Commitment approach II: Art. 35ff CISO-FINMA Repurchase agreements No securities were used in repurchase agreements at balance sheet date. Remuneration of the Fund Management Flat fee Actual flat fee: Class P-dist: 1.37%* p.a.; Class Q-dist: 0.82%* p.a.; Maximum flat fee as specified in the fund contract: Class P-dist: 2.16% p.a.; Class Q-dist: 1.31% p.a.; based on the average net fund assets. Any management commission charged by the target funds in which investments are made may not exceed 3%, taking into account any retrocessions and discounts. Soft Commission Arrangements The fund management company has not concluded any arrangements in the form of soft commission arrangements. * The actual flat fee has been adjusted by 0.03 percentage points for class P-dist and 0.03 percentage point for class Q-dist by reducing the portfolio management fee for the investment certificates UBS (CH) PROPERTY FUND (see the statement on the inventory of the fund s assets) in order to avoid a double charge. If this adjustment is not applied, the actual flat fee represents 1.40% for class P-dist and 0.85% for class Q-dist. Total Expense Ratio (TER) This ratio was calculated in accordance with the SFAMA s Guidelines on the calculation and disclosure of the Total Expense Ratio (TER) of collective investment schemes in the current version and expresses the sum of all costs and commissions charged on an ongoing basis to the net assets (operating expenses) taken retrospectively as a percentage of the net assets. Composed TER for the last 12 months: Class P-dist: 1.48% Class Q-dist: 0.93% Issue and redemption price If, on any one order day, the sum of subscriptions and redemptions of units in the sub-fund result in a net inflow or outflow, the sub-fund s valuation net asset value will be increased or reduced accordingly (swinging single pricing). The maximum adjustment level amounts to 2% of the valuation net asset value. Incorporated into this are the incidental costs (bid/ask spread, brokerage at standard market rates, commissions, duties, etc.) that accrue to the sub-fund on average from the investment of a net inflow or from the sale of a portion of investments corresponding to the net outflow. The adjustment results in an increase of the valuation net asset value if net movements lead to an increase in the number of units in the sub-fund. Conversely, the adjustment results in a reduction of the valuation net asset value if net movements lead to a reduction in the number of units. The net asset value calculated on the basis of swinging single pricing is thus a modified net asset value. Exchange rates EUR 1 = CHF 1.152630 GBP 1 = CHF 1.302137 HKD 1 = CHF 0.120769 USD 1 = CHF 0.945050 12 UBS (CH) Suisse 45 (CHF) Semi-Annual Report as of 28 February 2018

UBS (CH) Suisse 65 (CHF) Category Other Funds for Traditional Investments Most important figures ISIN 28.2.2018 31.8.2017 31.8.2016 Net fund assets in CHF 199 492 864.56 190 609 657.75 160 453 467.57 Class P-dist CH0109739000 Net asset value per unit in CHF 137.40 136.90 125.99 Issue and redemption price per unit in CHF 1 137.55 136.80 126.25 Number of units outstanding 1 412 861.6350 1 350 084.9050 1 234 560.5650 Class Q-dist CH0210193584 Net asset value per unit in CHF 109.29 109.13 100.25 Issue and redemption price per unit in CHF 1 109.41 109.05 100.46 Number of units outstanding 49 151.9420 53 049.8500 48 999.3040 1 see Supplementary information Structure of the securities portfolio The 10 largest positions in % of total assets UBS (CH) Investment Fund Equities Switzerland Passive Large 17.61 UBS (CH) Investment Fund Equities USA Passive 13.16 UBS (CH) Institutional Fund Equities Switzerland Passive Large II 12.43 UBS (CH) Institutional Fund 3 Swiss Real Estate Securities Selection Passive II 9.99 UBS (CH) Institutional Fund Small & Mid Cap Equities Switzerland 8.94 UBS (CH) Institutional Fund Bonds CHF Ausland Corporate Passive II 6.52 UBS ETF MSCI EMU UCITS ETF (EUR) 5.99 UBS (CH) Institutional Fund Bonds CHF Inland Corporate Passive II 5.43 UBS (CH) Institutional Fund Bonds CHF Prime Ausland 5.03 UBS (LUX) Bond SICAV USD Investment Grade Corporates 4.01 Others 9.08 Total 98.19 There may be differences in the way the percentages mentioned above are rounded off. UBS (CH) Suisse 65 (CHF) Semi-Annual Report as of 28 February 2018 13

Statement of assets 28.2.2018 31.8.2017 Market values CHF CHF Bank deposits at sight 1 364 703.41 3 879 861.07 Securities Units of other collective investment schemes 196 338 531.68 187 870 236.67 Derivative financial instruments 992 365.36-613 813.64 Other assets 1 257 026.63 331 389.76 Total fund assets 199 952 627.08 191 467 673.86 Loans -359 205.10-714 186.73 Other liabilities -100 557.42-143 829.38 Net fund assets 199 492 864.56 190 609 657.75 Statement of income 1.9.2017-28.2.2018 1.9.2016-31.8.2017 Income CHF CHF Income from bank assets 137.14 230.87 Negative interest -1 154.66-1 035.76 Retrocessions 0.00 11 381.10 Income from securities from units of other collective investment schemes 2 704 619.74 3 547 331.22 Income from securities lending 3 721.33 5 512.04 Purchase of current net income on issue of units 1 201.22 58 863.58 Total income 2 708 524.77 3 622 283.05 Expenses Interest payable 260.16-2 538.55 Audit expenses -10 945.80-35 272.45 Commission remuneration of the Fund Management in accordance with the fund contract Class P-dist -1 449 774.78-2 570 222.27 Commission remuneration of the Fund Management in accordance with the fund contract Class Q-dist -27 871.65-47 944.07 Partial transfer of the commission remuneration of the Fund Management in accordance with the fund contract on realized capital gains and losses Class P-dist 1 46 766.89 84 472.16 Other expenses -1 239.00-1 805.15 Payment of current net income on redemption of units 1 540.16-32 146.18 Total expenses -1 441 264.02-2 605 456.51 Net income 1 267 260.75 1 016 826.54 Realized capital gains and losses 2 487 630.16 2 252 545.24 Partial transfer of the commission remuneration of the Fund Management in accordance with the fund contract on realized capital gains and losses Class P-dist 1-46 766.89-84 472.16 Realized result 1 708 124.02 3 184 899.62 Unrealized capital gains and losses -109 384.23 12 372 841.16 Total result 1 598 739.79 15 557 740.78 Changes in net fund assets 1.9.2017-28.2.2018 1.9.2016-31.8.2017 CHF CHF Net fund assets at the beginning of the financial year 190 609 657.75 160 453 467.57 Ord. annual distribution -1 034 331.10-946 752.56 Balance of unit movements 8 318 798.12 15 545 201.96 Total result 1 598 739.79 15 557 740.78 Net fund assets at the end of the reporting period 199 492 864.56 190 609 657.75 1 according to notification of the Federal Tax Administration as of 1 January 2009. 2 Realized capital gains and losses may include income and expenses which were received from Swinging Single Pricing. 14 UBS (CH) Suisse 65 (CHF) Semi-Annual Report as of 28 February 2018

Development of the outstanding units 1.9.2017-28.2.2018 1.9.2016-31.8.2017 Class P-dist Number Number Situation at the beginning of the financial year 1 350 084.9050 1 234 560.5650 Units issued 158 631.9350 295 687.6220 Units redeemed -95 855.2050-180 163.2820 Situation at the end of the period 1 412 861.6350 1 350 084.9050 Difference between units issued and units redeemed 62 776.7300 115 524.3400 Class Q-dist Number Number Situation at the beginning of the financial year 53 049.8500 48 999.3040 Units issued 8 539.8060 13 038.3510 Units redeemed -12 437.7140-8 987.8050 Situation at the end of the period 49 151.9420 53 049.8500 Difference between units issued and units redeemed -3 897.9080 4 050.5460 UBS (CH) Suisse 65 (CHF) Semi-Annual Report as of 28 February 2018 15

Inventory of Fund assets Security 31.8.2017 Purchases 1 Sales 2 28.2.2018 Market value 3 in % 3 Thereof Quantity/ Quantity/ in CHF in lending Nominal Nominal Quantity/Nominal Securities traded on an exchange Investment certificates, open end Eurozone UBS ETF - MSCI EMU UCITS ETF (EUR) A-DIS* EUR 83 523 7 140 6 183 84 480 11 978 974 5.99 Total Eurozone 11 978 974 5.99 United Kingdom UBS ETF - MSCI UNITED KINGDOM UCITS ETF (GBP)-A* GBP 205 900 8 400 74 926 139 374 4 026 224 2.01 68 000 Total United Kingdom 4 026 224 2.01 Total Investment certificates, open end 16 005 198 8.00 Total Securities traded on an exchange 16 005 198 8.00 Securities traded neither on an exchange nor on a regulated market Investment certificates, open end Emerging Markets UBS (CH) INST FUND-EQUITIES EMERG MKTS GLOBAL PASSIVE II UX** USD 46 3 44 5 843 163 2.92 Total Emerging Markets 5 843 163 2.92 Global UBS (CH) INST FUND - BONDS CHF PRIME AUSLAND U-X** CHF 98 25 19 104 10 053 242 5.03 UBS (CH) INST FUND-BONDS CHF AUSLAND CORPORATE PASSIVE II UX** CHF 121 7 2 126 13 032 919 6.52 UBS (CH) MONEY MARKET FUND - CHF I-X** CHF 5 5 4 586 0.00 UBS (IRL) INVESTOR SELECTION PLC - GLOB EMER MKT OPP-I-X USD** USD 26 955 18 113 8 842 2 136 747 1.07 UBS (LUX) BD SICAV USD INVEST GRADE CORP USD CHF HDG U X ACC** CHF 745 55 800 8 010 331 4.01 UBS (LUX) BOND SICAV - EUR CORPORATES (EUR)-U-X-ACC** CHF 367 20 387 4 035 679 2.02 UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC** USD 92 9 28 73 2 104 383 1.05 Total Global 39 377 886 19.69 Switzerland UBS (CH) INST FUND - SMALL & MID CAP EQUITIES SWITZERLD I-X** CHF 40 130 1 154 2 420 38 864 17 868 501 8.94 UBS (CH) INST FUND 3-SWISS REAL ESTATE SEC SEL PAS II I-X** CHF 12 537 1 196 259 13 474 19 974 791 9.99 UBS (CH) INST FUND EQUITIES SWITZERLAND PASSIVE LARGE II I-X** CHF 9 550 1 099 93 10 556 24 861 386 12.43 UBS (CH) INST FUND-BONDS CHF INLAND CORPORATE PASSIVE II UX** CHF 98 8 2 104 10 856 043 5.43 UBS (CH) INV FUND - EQUITIES SWITZERLAND PASSIVE LARGE I-X** CHF 14 899 964 369 15 494 35 233 201 17.62 Total Switzerland 108 793 922 54.41 United States UBS (CH) INVESTMENT FUND - EQUITIES USA PASSIVE I-X** CHF 14 000 1 706 2 164 13 542 26 318 364 13.16 Total United States 26 318 364 13.16 Total Investment certificates, open end 180 333 334 90.19 Total Securities traded neither on an exchange nor on a regulated market 180 333 334 90.19 Total securities and similar instruments 196 338 532 98.19 (thereof in lending 1 964 378 0.98) Bank deposits at sight 1 364 703 0.68 Derivative financial instruments 992 365 0.50 Other assets 1 257 027 0.63 Total fund assets 199 952 627 100.00 Short-term bank liabilities -359 205 Other liabilities -100 557 Net fund assets 199 492 865 Valuation categories Market value as of in % 28.2.2018 of the total fund assets 3 Investments valued at prices paid on the main market 15 872 118 7.93 Investments valuation based on market-observed parameters 181 458 779 90.76 Investments valued with suitable valuation models taking account of the current market circumstances Total 197 330 897 98.69 1 Purchases include the following transactions: allotment from subscription / allotment from option rights / option rights / allotment of subscription rights from underlying stocks / bonus securities / change of corporate names / conversions / purchases / share exchange between companies / stock splits / stock dividends / optional dividends / transfers / transfer due to redenomination in euro / subscriptions in kind 2 Sales include the following transactions: cancellation as a result of expiry / draws by lot / exercise of rights / options / repayments / reverse-splits / sales / share exchange between companies / transfers / transfer due to redenomination in euro / redemptions in kind 3 Divergences in the totals may be attributed to rounding differences * valued at prices paid on the main market (art. 88 para. 1 CISA) ** valuation based on market-observed parameters 16 UBS (CH) Suisse 65 (CHF) Semi-Annual Report as of 28 February 2018

Derivative financial instruments CISO-FINMA Art. 23 Exposure-increasing derivatives open at the end of the period under review Instrument Number Currency Coverage Variation margin in % of of contracts in CHF in CHF total assets Futures on indices/commodities/currencies SWISS MARKET INDEX FUTURE 16.03.18* 38 CHF 3 353 120-133 080-0.07 3 353 120-133 080-0.07 Derivatives on currencies open at the end of the period under review Sale Sale Purchase Purchase Maturity Replacement in % of Currency Amount Currency Amount value in CHF total assets Forward exchange transactions** CHF 299 372 USD 320 000 01.03.2018 3 044 0.00 USD 24 690 000 CHF 24 162 004 07.03.2018 836 293 0.42 EUR 10 370 000 CHF 12 143 094 07.03.2018 190 671 0.10 GBP 4 750 000 CHF 6 296 933 07.03.2018 112 951 0.06 USD 171 000 CHF 164 101 07.03.2018 2 550 0.00 USD 2 770 000 CHF 2 655 535 07.03.2018 38 596 0.02 CHF 518 885 GBP 390 000 07.03.2018-11 148-0.01 CHF 1 646 361 GBP 1 230 000 07.03.2018-45 035-0.02 USD 570 000 CHF 531 276 07.03.2018-7 228 0.00 USD 125 000 CHF 116 956 07.03.2018-1 137 0.00 EUR 365 000 CHF 419 056 07.03.2018-1 642 0.00 EUR 70 000 CHF 80 647 07.03.2018-34 0.00 GBP 20 000 CHF 26 187 07.03.2018 149 0.00 CHF 720 037 USD 770 000 07.03.2018 7 415 0.00 There may be differences in the way the figures mentioned above are rounded off. * valued at prices paid on the main market (art. 88 para. 1 CISA) ** valuation based on market-observed parameters 1 125 445 0.57 Transactions in exposure-increasing derivatives during the period under review Instrument Currency Purchase/ Sale/ Contracts Contracts Futures on indices/commodities/currencies SWISS MARKET INDEX FUTURE 15.09.17 CHF 0 42 SWISS MARKET INDEX FUTURE 15.12.17 CHF 41 41 SWISS MARKET INDEX FUTURE 16.03.18 CHF 45 7 Transactions in derivatives on currencies during the period under review Sale Sale Purchase Purchase Maturity Currency Amount Currency Amount Forward exchange transactions USD 370 000 CHF 358 512 28.09.2017 CHF 224 058 USD 230 000 05.10.2017 USD 140 000 CHF 137 551 26.10.2017 GBP 4 740 000 CHF 6 129 839 16.11.2017 EUR 10 120 000 CHF 11 650 195 16.11.2017 USD 26 140 000 CHF 25 056 262 16.11.2017 CHF 2 163 672 USD 2 240 000 16.11.2017 CHF 81 103 EUR 70 000 16.11.2017 CHF 248 307 GBP 190 000 16.11.2017 EUR 80 000 CHF 91 662 16.11.2017 EUR 160 000 CHF 182 898 16.11.2017 USD 240 000 CHF 233 153 16.11.2017 EUR 10 000 CHF 11 439 16.11.2017 USD 10 000 CHF 9 711 16.11.2017 GBP 90 000 CHF 116 588 16.11.2017 USD 430 000 CHF 421 922 16.11.2017 CHF 517 620 USD 520 000 16.11.2017 CHF 109 325 USD 110 000 16.11.2017 USD 240 000 CHF 237 833 22.11.2017 GBP 4 640 000 CHF 6 021 175 11.01.2018 EUR 10 300 000 CHF 11 992 084 11.01.2018 USD 23 950 000 CHF 23 638 171 11.01.2018 CHF 463 867 USD 470 000 11.01.2018 CHF 104 423 GBP 80 000 11.01.2018 CHF 256 681 EUR 220 000 11.01.2018 USD 960 000 CHF 943 835 11.01.2018 EUR 190 000 CHF 223 034 11.01.2018 USD 250 000 CHF 243 784 11.01.2018 GBP 190 000 CHF 251 222 11.01.2018 EUR 100 000 CHF 116 957 11.01.2018 CHF 156 236 USD 160 000 12.01.2018 CHF 1 681 178 USD 1 750 000 25.01.2018 CHF 299 372 USD 320 000 01.03.2018 USD 24 690 000 CHF 24 162 004 07.03.2018 EUR 10 370 000 CHF 12 143 094 07.03.2018 GBP 4 750 000 CHF 6 296 933 07.03.2018 USD 171 000 CHF 164 101 07.03.2018 USD 2 770 000 CHF 2 655 535 07.03.2018 CHF 518 885 GBP 390 000 07.03.2018 CHF 1 646 361 GBP 1 230 000 07.03.2018 USD 570 000 CHF 531 276 07.03.2018 USD 125 000 CHF 116 956 07.03.2018 EUR 365 000 CHF 419 056 07.03.2018 EUR 70 000 CHF 80 647 07.03.2018 GBP 20 000 CHF 26 187 07.03.2018 CHF 720 037 USD 770 000 07.03.2018 UBS (CH) Suisse 65 (CHF) Semi-Annual Report as of 28 February 2018 17

Supplementary information Derivative financial instruments Risk assessment process Commitment approach II: Art. 35ff CISO-FINMA Repurchase agreements No securities were used in repurchase agreements at balance sheet date. Remuneration of the Fund Management Flat fee Actual flat fee: Class P-dist: 1.51%* p.a.; Class Q-dist: 0.92%* p.a.; Maximum flat fee as specified in the fund contract: Class P-dist: 2.16% p.a.; Class Q-dist: 1.19% p.a.; based on the average net fund assets. Any management commission charged by the target funds in which investments are made may not exceed 3%, taking into account any retrocessions and discounts. Soft Commission Arrangements The fund management company has not concluded any arrangements in the form of soft commission arrangements. * The actual flat fee has been adjusted by 0.04 percentage points for class P-dist and 0.03 percentage point for class Q-dist by reducing the portfolio management fee for the investment certificates UBS (CH) PROPERTY FUND (see the statement on the inventory of the fund s assets) in order to avoid a double charge. If this adjustment is not applied, the actual flat fee represents 1.55% for class P-dist and 0.95% for class Q-dist. Total Expense Ratio (TER) This ratio was calculated in accordance with the SFAMA s Guidelines on the calculation and disclosure of the Total Expense Ratio (TER) of collective investment schemes in the current version and expresses the sum of all costs and commissions charged on an ongoing basis to the net assets (operating expenses) taken retrospectively as a percentage of the net assets. Composed TER for the last 12 months: Class P-dist: 1.64% Class Q-dist: 1.04% Issue and redemption price If, on any one order day, the sum of subscriptions and redemptions of units in the sub-fund result in a net inflow or outflow, the sub-fund s valuation net asset value will be increased or reduced accordingly (swinging single pricing). The maximum adjustment level amounts to 2% of the valuation net asset value. Incorporated into this are the incidental costs (bid/ask spread, brokerage at standard market rates, commissions, duties, etc.) that accrue to the sub-fund on average from the investment of a net inflow or from the sale of a portion of investments corresponding to the net outflow. The adjustment results in an increase of the valuation net asset value if net movements lead to an increase in the number of units in the sub-fund. Conversely, the adjustment results in a reduction of the valuation net asset value if net movements lead to a reduction in the number of units. The net asset value calculated on the basis of swinging single pricing is thus a modified net asset value. Exchange rates EUR 1 = CHF 1.152630 GBP 1 = CHF 1.302137 USD 1 = CHF 0.945050 18 UBS (CH) Suisse 65 (CHF) Semi-Annual Report as of 28 February 2018

UBS Fund Management (Switzerland) AG Aeschenplatz 6 4002 Basel UBS 2018. The key symbol and UBS are among the registered and unregistered trademarks of UBS. All rights reserved. Also available in German. 83630D/E-1801