UBS Tax-Free Reserves Fund
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
3.1%
1 yr return
3.3%
3 Yr Avg Return
2.3%
5 Yr Avg Return
1.4%
Net Assets
$48.5 M
Holdings in Top 10
100.0%
52 WEEK LOW AND HIGH
$1.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.18%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Money Market Fund
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
STFXX - Profile
Distributions
- YTD Total Return 3.1%
- 3 Yr Annualized Total Return 2.3%
- 5 Yr Annualized Total Return 1.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.01%
- Dividend Yield 3.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameUBS Tax-Free Reserves Fund
-
Fund Family NameUBSASSETMT
-
Inception DateSep 17, 2007
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerManagement Team
Fund Description
The fund is a money market fund and seeks to maintain a stable price of $1.00 per share. The fund seeks to achieve its objective by investing in a diversified portfolio of high quality, municipal money market instruments.
Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in investments, the income from which is exempt from federal income tax. Investments that are subject to the alternative minimum tax are not counted towards satisfying the 80% test in the foregoing sentence. Under normal circumstances, the fund may invest only up to 20% of its net assets in municipal securities that pay interest that is an item of tax preference for purposes of the alternative minimum tax.
Money market instruments generally are short-term debt obligations. They also may include longer-term bonds that have variable interest rates or other special features (e.g., a put option) that give them the financial characteristics of short-term debt.
The fund invests in securities through an underlying master fund. The fund and its corresponding master fund have the same objective. Unless otherwise indicated, references to the fund include the master fund.
The fund is a “retail money market fund,” as such term is defined in the rule governing money market funds and related interpretations. “Retail money market funds” are money market funds that have policies and procedures reasonably designed to limit all beneficial owners of the fund to natural persons. As a “retail money market fund,” the fund will be permitted to seek to maintain a stable price per share.
The fund may be subject to a liquidity fee if the fund’s board believes such fee is in the best interests of the fund.
Management process
UBS Asset Management (Americas) LLC (“UBS AM”) acts as the investment advisor. As investment advisor, UBS AM makes the fund’s investment decisions. UBS AM selects money market instruments for the fund based on its assessment of relative values and changes in market and economic conditions.
STFXX - Performance
Return Ranking - Trailing
| Period | STFXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.1% | 2.1% | 4.8% | 24.00% |
| 1 Yr | 3.3% | 2.2% | 5.3% | 22.67% |
| 3 Yr | 2.3%* | 1.4% | 3.6% | 29.17% |
| 5 Yr | 1.4%* | 0.9% | 2.3% | 38.03% |
| 10 Yr | 0.8%* | 0.6% | 1.3% | 93.33% |
* Annualized
Return Ranking - Calendar
| Period | STFXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.0% | 0.0% | 0.0% | 90.79% |
| 2022 | 0.0% | 0.0% | 0.0% | 90.79% |
| 2021 | 0.0% | 0.0% | 0.0% | 91.18% |
| 2020 | 0.0% | 0.0% | 0.0% | 90.91% |
| 2019 | 0.0% | 0.0% | 0.0% | 92.86% |
Total Return Ranking - Trailing
| Period | STFXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.1% | 2.1% | 4.8% | 24.00% |
| 1 Yr | 3.3% | 2.2% | 5.3% | 22.67% |
| 3 Yr | 2.3%* | 1.4% | 3.6% | 29.17% |
| 5 Yr | 1.4%* | 0.9% | 2.3% | 38.03% |
| 10 Yr | 0.8%* | 0.6% | 1.3% | 93.33% |
* Annualized
Total Return Ranking - Calendar
| Period | STFXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.6% | 2.0% | 5.4% | 11.84% |
| 2022 | 0.9% | 0.2% | 1.2% | 35.53% |
| 2021 | 0.0% | 0.0% | 0.3% | 75.00% |
| 2020 | 0.3% | 0.0% | 1.3% | 48.48% |
| 2019 | 0.0% | 0.0% | 2.7% | 100.00% |
NAV & Total Return History
STFXX - Holdings
Concentration Analysis
| STFXX | Category Low | Category High | STFXX % Rank | |
|---|---|---|---|---|
| Net Assets | 48.5 M | 3.67 M | 19.7 B | 96.05% |
| Number of Holdings | 1 | 1 | 921 | 100.00% |
| Net Assets in Top 10 | 674 M | 40.6 M | 17.4 B | 26.32% |
| Weighting of Top 10 | 100.00% | 9.8% | 100.0% | 3.95% |
Top 10 Holdings
- Tax Free Master Fund 100.00%
- Tax Free Master Fund 100.00%
- Tax Free Master Fund 100.00%
- Tax Free Master Fund 100.00%
- Tax Free Master Fund 100.00%
- Tax Free Master Fund 100.00%
- Tax Free Master Fund 100.00%
- Tax Free Master Fund 100.00%
- Tax Free Master Fund 100.00%
- Tax Free Master Fund 100.00%
Asset Allocation
| Weighting | Return Low | Return High | STFXX % Rank | |
|---|---|---|---|---|
| Cash | 100.00% | 0.79% | 100.00% | 3.95% |
| Stocks | 0.00% | 0.00% | 0.00% | 90.79% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 90.79% |
| Other | 0.00% | 0.00% | 0.00% | 90.79% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 90.79% |
| Bonds | 0.00% | 0.00% | 99.21% | 100.00% |
STFXX - Expenses
Operational Fees
| STFXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.18% | 0.15% | 1.77% | 93.42% |
| Management Fee | 0.18% | 0.08% | 0.49% | 48.68% |
| 12b-1 Fee | N/A | 0.00% | 0.75% | N/A |
| Administrative Fee | 0.08% | 0.05% | 0.50% | 12.96% |
Sales Fees
| STFXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | N/A | N/A | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| STFXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| STFXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 0.00% | N/A |
STFXX - Distributions
Dividend Yield Analysis
| STFXX | Category Low | Category High | STFXX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.12% | 2.26% | 5.22% | 14.47% |
Dividend Distribution Analysis
| STFXX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| STFXX | Category Low | Category High | STFXX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.01% | 0.00% | 0.12% | 81.58% |
Capital Gain Distribution Analysis
| STFXX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 31, 2024 | $0.003 | OrdinaryDividend |
| Sep 30, 2024 | $0.003 | OrdinaryDividend |
| Aug 30, 2024 | $0.003 | OrdinaryDividend |
| Jul 31, 2024 | $0.002 | OrdinaryDividend |
| Apr 30, 2024 | $0.003 | OrdinaryDividend |
| Mar 28, 2024 | $0.003 | OrdinaryDividend |
| Feb 29, 2024 | $0.002 | OrdinaryDividend |
| Jan 31, 2024 | $0.002 | OrdinaryDividend |
| Dec 29, 2023 | $0.004 | OrdinaryDividend |
| Nov 30, 2023 | $0.003 | OrdinaryDividend |
| Oct 31, 2023 | $0.004 | OrdinaryDividend |
| Sep 29, 2023 | $0.003 | OrdinaryDividend |
| Aug 31, 2023 | $0.003 | OrdinaryDividend |
| Jul 31, 2023 | $0.003 | OrdinaryDividend |
| Jun 30, 2023 | $0.003 | OrdinaryDividend |
| May 31, 2023 | $0.003 | OrdinaryDividend |
| Apr 28, 2023 | $0.002 | OrdinaryDividend |
| Mar 31, 2023 | $0.002 | OrdinaryDividend |
| Feb 28, 2023 | $0.002 | OrdinaryDividend |
| Jan 31, 2023 | $0.002 | OrdinaryDividend |
| Dec 30, 2022 | $0.002 | OrdinaryDividend |
| Dec 08, 2022 | $0.000 | CapitalGainShortTerm |
| Dec 08, 2022 | $0.000 | CapitalGainLongTerm |
| Nov 30, 2022 | $0.001 | OrdinaryDividend |
| Oct 31, 2022 | $0.002 | OrdinaryDividend |
| Sep 30, 2022 | $0.001 | OrdinaryDividend |
| Aug 31, 2022 | $0.001 | OrdinaryDividend |
| Jul 29, 2022 | $0.001 | OrdinaryDividend |
| Jun 30, 2022 | $0.000 | OrdinaryDividend |
| May 31, 2022 | $0.000 | OrdinaryDividend |
| Apr 29, 2022 | $0.000 | OrdinaryDividend |
| Mar 31, 2022 | $0.000 | OrdinaryDividend |
| Feb 28, 2022 | $0.000 | OrdinaryDividend |
| Jan 31, 2022 | $0.000 | OrdinaryDividend |
| Dec 31, 2021 | $0.000 | OrdinaryDividend |
| Nov 30, 2021 | $0.000 | OrdinaryDividend |
| Oct 29, 2021 | $0.000 | OrdinaryDividend |
| Sep 30, 2021 | $0.000 | OrdinaryDividend |
| Aug 31, 2021 | $0.000 | OrdinaryDividend |
| Jul 30, 2021 | $0.000 | OrdinaryDividend |
| Jun 30, 2021 | $0.000 | OrdinaryDividend |
| May 28, 2021 | $0.000 | OrdinaryDividend |
| Apr 30, 2021 | $0.000 | OrdinaryDividend |
| Mar 31, 2021 | $0.000 | OrdinaryDividend |
| Feb 26, 2021 | $0.000 | OrdinaryDividend |
| Jan 29, 2021 | $0.000 | OrdinaryDividend |
| Dec 31, 2020 | $0.000 | OrdinaryDividend |
| Nov 30, 2020 | $0.000 | OrdinaryDividend |
| Oct 30, 2020 | $0.000 | OrdinaryDividend |
| Sep 30, 2020 | $0.000 | OrdinaryDividend |
| Aug 31, 2020 | $0.000 | OrdinaryDividend |
| Jul 31, 2020 | $0.000 | OrdinaryDividend |
| Jun 30, 2020 | $0.000 | OrdinaryDividend |
| May 29, 2020 | $0.000 | OrdinaryDividend |
| Apr 30, 2020 | $0.000 | OrdinaryDividend |
| Mar 31, 2020 | $0.002 | OrdinaryDividend |
| Feb 28, 2020 | $0.001 | OrdinaryDividend |
| Jan 31, 2020 | $0.001 | OrdinaryDividend |
| Dec 12, 2016 | $0.000 | CapitalGainLongTerm |
| Dec 10, 2015 | $0.000 | CapitalGainLongTerm |
| Dec 10, 2014 | $0.000 | CapitalGainLongTerm |
| Dec 10, 2013 | $0.000 | CapitalGainLongTerm |
| Dec 13, 2012 | $0.000 | CapitalGainShortTerm |
| Dec 13, 2012 | $0.000 | CapitalGainLongTerm |
| Dec 08, 2011 | $0.000 | CapitalGainShortTerm |
| Dec 08, 2011 | $0.000 | CapitalGainLongTerm |
| Dec 09, 2010 | $0.000 | CapitalGainShortTerm |