Second quarter 2022 report
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Appendix
83
APM label
Information content
Fee-generating assets (USD)
– GWM
Calculated as the sum of discretionary
and
nondiscretionary wealth
management portfolios
(mandate volume) and assets
where generated
revenues are predominantly
of a recurring nature, i.e.,
mainly investment,
mutual, hedge and private-market
funds where we have a distribution
agreement,
including client commitments into
closed-ended
private-market funds from
the date that recurring
fees are charged. Assets
related to our Global
Financial Intermediaries business
are excluded, as are
assets of sanctioned clients.
This measure provides information
about the volume
of invested assets that create a
revenue stream,
whether as a result of the nature
of the contractual
relationship with clients or
through the fee structure
of the asset. An increase
in the level of fee-generating
assets results in an increase
in the associated revenue
stream. Assets of sanctioned
clients are excluded from
fee-generating assets.
Fee-generating asset margin
(bps)
– GWM
Calculated as revenues from
fee-generating assets (a
portion of which is included in
recurring fee income
and a portion of which is included
in transaction-
based income, annualized as applicable)
divided by
average fee-generating assets
for the relevant
mandate fee billing period. For the
US, fees have
been billed on daily balances since
the fourth quarter
of 2020 and average fee-generating
assets are
calculated as the average of the monthly
average
balances. Prior to the fourth quarter
of 2020, billing
was based on prior quarter-end
balances, and the
average fee-generating assets
were thus the prior
quarter-end balance. For balances
outside of the US,
billing is based on prior month
-end balances and
average fee-generating assets are
thus the average of
the prior month-end balances.
This measure provides information
about the revenues
from fee-generating assets
in relation to their average
volume during the relevant
mandate fee billing
period.
Gross margin on invested assets (bps)
– AM
Calculated as total revenues (annualized
as applicable)
divided by average invested assets.
This measure provides information
about the total
revenues of the business
in relation to invested assets.
Impaired loan portfolio as
a percentage
of total loan portfolio, gross (%)
– GWM, P&C
Calculated as impaired loan
portfolio divided by total
gross loan portfolio.
This measure provides information
about the
proportion of impaired loan
portfolio in the total gross
loan portfolio.
Invested assets (USD and CHF)
– GWM, P&C, AM
Calculated as the sum of managed
fund assets,
managed institutional assets,
discretionary and
advisory wealth management portfolios,
fiduciary
deposits, time deposits, savings
accounts, and wealth
management securities or brokerage
accounts.
This measure provides information
about the volume
of client assets managed by or deposited
with UBS for
investment purposes.
Investment products for Personal
Banking (USD and CHF)
Calculated as the sum of investment
funds (including
UBS Vitainvest third-pillar
pension funds), mandates
and third-party life insurance operated
in Personal
Banking.
This measure provides information
about the volume
of investment funds (including
UBS Vitainvest third-
pillar pension funds), mandates
and third-party life
insurance operated in Personal
Banking.
Net interest margin (bps)
– P&C
Calculated as net interest
income (annualized as
applicable) divided by average loans.
This measure provides information
about the
profitability of the business
by calculating the
difference between
the price charged for lending and
the cost of funding, relative
to loan value.
Net new fee-generating assets (USD)
– GWM
Calculated as the sum of the net amount
of fee-
generating asset inflows and outflows,
including
dividend and interest inflows into mandates
and
outflows from mandate
fees paid by clients during a
specific period. Excluded
from the calculation are the
effects
on fee-generating assets of strategic decisions
by UBS to exit markets
or services.
This measure provides information
about the
development of fee-generating assets
during a
specific period as a result of
net flows,
excluding
movements due to market performance
and foreign
exchange translation,
as well as the effects on
fee-
generating assets of strategic
decisions by UBS to exit
Net new fee-generating asset
growth rate (%)
– GWM
Calculated as the sum of the net amount
of fee-
generating asset inflows and outflows
recorded
during a specific period (annualized
as applicable)
divided by total fee-generating
assets at the
beginning of the period.
This measure provides information
about the growth
of fee-generating assets during a
specific period as a
result of net new fee-generating
asset flows.
Net new investment products for
Personal Banking (USD and CHF)
– P&C
Calculated as the sum of the net amount
of inflows
and outflows of investment
products during a specific
period.
This measure provides information
about the
development of investment products
during a specific
period as a result of net
new investment product
flows.