First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation filed a joint Schedule 13G on November 6, 2026, disclosing beneficial ownership of shares in UBS Asset Management High Yield Credit Fund as of October 31, 2026.

Key Highlights

  • Three reporting persons: First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation filed jointly under Rule 13d-1(k)(1).
  • Aggregate beneficial ownership: Each reporting person reported 2,383,661 shares beneficially owned in aggregate.
  • Percent of class: The 2,383,661 shares represent 17.25% of the issuer's outstanding common shares, according to the filing.
  • Shared dispositive power only: All 2,383,661 shares are held with shared dispositive power; sole voting, shared voting, and sole dispositive power are each reported as zero.
  • No individual trust exceeds 3%: The filing states that no individual unit investment trust sponsored by First Trust Portfolios L.P. holds more than 3% of the issuer's shares.
  • Beneficial ownership disclaimed: Each of the three reporting persons "disclaims beneficial ownership of the shares of the issuer identified in this filing," according to the document.

Structure of First Trust's Reported Position in UBS Asset Management High Yield Credit Fund

According to the Schedule 13G, The Charger Corporation, an Illinois entity, serves as the general partner of both First Trust Portfolios L.P. and First Trust Advisors L.P., also Illinois entities. All three share the same principal business address at 120 East Liberty Drive, Suite 400, Wheaton, Illinois 60187. The filing covers common shares of UBS Asset Management High Yield Credit Fund (CUSIP 22544F202), with the triggering event dated October 31, 2026.

The filing discloses that First Trust Portfolios L.P. acts as sponsor of certain unit investment trusts that hold the issuer's shares, and that First Trust Advisors L.P. acts as portfolio supervisor of those same trusts. The filing states that neither First Trust Portfolios L.P., First Trust Advisors L.P., nor The Charger Corporation "have the power to vote the shares of the issuer held by these unit investment trusts." Instead, voting is handled by the trustee of the trusts, with shares to be "voted as closely as possible in the same manner and in the same general proportion as are the shares held by owners other than such unit investment trusts," according to the document.

The filing also notes that any difference between the aggregate beneficial ownership figure and shares held directly in the unit investment trusts may represent shares held in "other registered investment companies, pooled investment vehicles and/or separately managed accounts" for which First Trust Advisors L.P. serves as investment advisor or sub-advisor. The reporting persons certified, per Item 10 of the filing, that the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer."

What Was Disclosed

Three affiliated Illinois entities jointly reported shared dispositive power over 2,383,661 common shares of UBS Asset Management High Yield Credit Fund, equal to 17.25% of the class, as of October 31, 2026, while disclaiming beneficial ownership of those shares.