In addition to research geared to address specific investments and asset classes, UBS Wealth Management Research (WMR) also offers research addressing thematic topics of real concern to our clients (e.g., retirement, inflation, etc.) WMR publishes several thematic research reports such as UBS research focus, which examines long-term social, economic, demographic, financial and geopolitical trends likely to impact global financial markets. WMR also makes available UBS life themes, which is a thematic research report series focusing on insights into topics related to the personal long-term financial goals of our clients. Examples of thematic topics addressed by WMR include: UBS research focus: Climate change: beyond whether UBS research focus: Asia's ascent UBS research focus: Demographics: A Coming of Age UBS research focus: Commodities: Scarcity of Abundance UBS life themes: Inflation, now it's personal

|