v3.26.3
Fair Value Measurement (Tables)
 12 Months Ended
Dec. 31, 2025
EBP 002 [Member]  
EBP, Investment, Fair Value and NAV [Line Items]  
Schedule of EBP, Investment, Fair Value And NAV
 
             Investments at Fair Value as of December 31, 2025  
             Level 1                Level 2                Level 3             Total  
Mutual funds
               $233,308,462                 —                 —                 $233,308,462  
Self-Directed Brokerage Account
               1,588,267,531                 —                 —                 1,588,267,531  
UBS Stock Fund
               469,480,916                 —                 —                 469,480,916  
Common Stocks
               2,017,492,608                 —                 —                 2,017,492,608  
Real Estate Funds
               20,712,121                 —                 —                 20,712,121  
                $4,329,261,638                 —                 $—                 $4,329,261,638  
Investments measured at NAV:
                                                                        
Money market funds(a)
                                                                     $506,578,138  
Short-term investment funds(b)
                                                                     36,783,934  
U.S. equity funds(c)
                                                                     2,493,636,270  
Non-U.S. equity funds(c)
                                                                     560,934,140  
U.S. bond funds(d)
                                                                     492,543,252  
Non-U.S. bond funds(e)
                                                                     34,523,258  
Target date funds(f)
                                                                     3,091,728,977  
Total investments, at NAV
                                                                     $7,216,727,969  
Total investments at fair value
                                                                     $11,545,989,607  
In the prior year’s financial statements, one of the equity funds was classified as a bond fund. Upon further analysis, it was determined that an equity fund classification was more appropriate. In 2025, the Plan revised its fair value hierarchy classification from bond fund to equity fund, and the 2024 presentation has been adjusted accordingly for this immaterial amount.
At December 31, 2024, the investments held by the Plan within the fair value hierarchy are as follows:
 
             Investments at Fair Value as of December 31, 2024  
             Level 1                Level 2                Level 3             Total  
Mutual funds
               $6,138,779                 —                 —                 $6,138,779  
Self-Directed Brokerage Account
               1,452,613,860                 —                 —                 1,452,613,860  
UBS Stock Fund
               332,983,275                 —                 —                 332,983,275  
Common Stocks
               2,057,380,343                 —                 —                 2,057,380,343  
Real Estate Funds
               30,243,377                 —                 —                 30,243,377  
Participatory Note
               —                 2,920,662                 —                 2,920,662  
                $3,879,359,634                 $2,920,662                 $—                 $3,882,280,296  
Investments measured at NAV:
                                                                        
Money market funds(a)
                                                                     $484,066,421  
Short-term investment funds(b)
                                                                     50,483,983  
U.S. equity funds(c)
                                                                     2,183,960,600  
Non-U.S. equity funds(c)
                                                                     397,226,884  
U.S. bond funds(d)
                                                                     443,559,815  
Non-U.S. bond funds(e)
                                                                     28,919,600  
Target date funds(f)
                                                                     2,580,353,730  
Total investments, at NAV
                                                                     $6,168,571,033  
Total investments at fair value
                                                                     $10,050,851,329  
 
(a)
Money market funds are designed to protect capital with low-risk investments and includes cash, bank notes, corporate notes, government bills, and various short-term debt instruments. These investments are held through collective trust funds.
(b)
Short-term investment funds invest in short-term fixed-income securities and other securities with debt-like characteristics emphasizing short-term maturities and high quality. Under normal circumstances, there are no redemption restrictions; redemptions can be made daily with no notice period required. Plan sponsor-initiated activity may require 15 days prior written notice for the short-term investment funds. These investments are held through collective trust funds.
(c)
Equity common/collective trust funds seek to maintain portfolio diversification and approximate the risk and return characterized by certain equity indices. Under normal circumstances, redemptions for participant activity may be made daily with no notice period required. Plan sponsor-initiated activity may require prior written notice of 3 to 15 days.
(d)
U.S. bond common/collective trust funds seek to maintain an overall diversified portfolio whose investment return matches the performance of certain bond indices. Under normal circumstances, redemptions for participant activity may be made daily with no notice period required. Plan sponsor-initiated activity may require prior written notice of 15 days.
 
 
 
 
(e)
Non-U.S.
bond common/collective trust funds seek to provide investment returns of a diversified portfolio of international government bonds and match the performance of an index. Under normal circumstances, redemptions for participant activity may be made daily with no notice period required. Plan sponsor-initiated activity may require prior written notice of 15 days.
(f)
Target date common/collective trust funds are
pre-mixed
portfolios of diversified assets (stocks, bonds and other investments). They are designed for participants who expect to retire in or close to the target year stated in each option’s name. With the exception of the Target Retirement Income Fund, over time, the portfolio mix of each fund will gradually shift to more fixed income securities as the target year approaches. Upon reaching the target year, the fund will be blended into the Target Retirement Income Fund which is designed to provide those participants who are withdrawing money from the Plan with an appropriate blend of growth, income and inflation protection. Under normal circumstances, redemptions for participant activity may be made daily with no notice period required. Plan sponsor-initiated activity may require prior written notice of 3 days.