### Note 8 – Total Expense Ratio (TER)
This ratio was calculated in accordance with the Swiss Funds and Asset Management Association’s (SFAMA) “Guidelines on the calculation and disclosure of the TER” 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.
UBS (Lux) SICAV 2
Annual report and audited financial statements as of 31 October 2020
TER for the last 12 months:
UBS (Lux) SICAV 2	Total Expense Ratio (TER)
- CHF Bond Sustainable (CHF) P-acc	0.98%
- CHF Bond Sustainable (CHF) Q-acc	0.62%
- EUR Corporates Active Climate Aware (EUR) P-acc*	0.92%
- EUR Corporates Active Climate Aware (EUR) Q-acc*	0.57%
- Low Duration EUR Bond (EUR) F-acc	0.04%
- Low Duration EUR Bond (EUR) I-A1-acc	0.04%
- Low Duration EUR Bond (EUR) P-acc	0.08%
- Low Duration EUR Bond (EUR) (SEK hedged) P-acc	0.06%
- Low Duration EUR Bond (EUR) Q-acc	0.08%
- Low Duration USD Bond (USD) P-acc	0.83%
- Low Duration USD Bond (USD) Q-acc	0.52%
- Medium Term Bonds (GBP) F-UKdist	0.35%
- Medium Term Bonds (GBP) I-A1-acc	0.49%
- Medium Term Bonds (GBP) I-A2-acc	0.44%
- Medium Term Bonds (GBP) I-A3-acc	0.37%
- Medium Term Bonds (GBP) P-acc	0.97%
- Medium Term Bonds (GBP) Q-acc	0.57%
- USD Corporates Active Climate Aware (USD) P-acc**	1.22%
- formerly UBS (Lux) SICAV 2 – EUR Corporate Bond Sustainable (EUR)** formerly UBS (Lux) SICAV 2 – USD Corporate Bond Sustainable (USD)The effective flat fee may change during the reporting period (see note 2).

Translation (ENDE, 2020-10-31):
### Erläuterung 8 – Total Expense Ratio (TER)
Diese Kennziffer wurde gemäss der «Richtlinie zur Berechnung und Offenlegung der TER» der Swiss Funds and Asset Management Association (SFAMA) in der aktu- ell gültigen Fassung berechnet und drückt die Gesamt- heit derjenigen Kommissionen und Kosten, die laufend dem Nettovermögen belastet werden (Betriebsaufwand), retrospektiv in einem %-Satz des Nettovermögens aus.
UBS (Lux) SICAV 2
Jahresbericht und geprüfter Jahresabschluss per 31. Oktober 2020
TER für die letzten 12 Monate:
UBS (Lux) SICAV 2	Total Expense Ratio (TER)
- CHF Bond Sustainable (CHF) P-acc	0.98%
- CHF Bond Sustainable (CHF) Q-acc	0.62%
- EUR Corporates Active Climate Aware (EUR) P-acc*	0.92%
- EUR Corporates Active Climate Aware (EUR) Q-acc*	0.57%
- Low Duration EUR Bond (EUR) F-acc	0.04%
- Low Duration EUR Bond (EUR) I-A1-acc	0.04%
- Low Duration EUR Bond (EUR) P-acc	0.08%
- Low Duration EUR Bond (EUR) (SEK hedged) P-acc	0.06%
- Low Duration EUR Bond (EUR) Q-acc	0.08%
- Low Duration USD Bond (USD) P-acc	0.83%
- Low Duration USD Bond (USD) Q-acc	0.52%
- Medium Term Bonds (GBP) F-UKdist	0.35%
- Medium Term Bonds (GBP) I-A1-acc	0.49%
- Medium Term Bonds (GBP) I-A2-acc	0.44%
- Medium Term Bonds (GBP) I-A3-acc	0.37%
- Medium Term Bonds (GBP) P-acc	0.97%
- Medium Term Bonds (GBP) Q-acc	0.57%
- USD Corporates Active Climate Aware (USD) P-acc**	1.22%
- ehemals UBS (Lux) SICAV 2 – EUR Corporate Bond Sustainable (EUR)** ehemals UBS (Lux) SICAV 2 – USD Corporate Bond Sustainable (USD)Die effektive pauschale Verwaltungskommission kann während der Berichtsperiode ändern (siehe Erläuterung 2).