Those who have read the latest prospectii for UBS Global Asset Management's funds may come away feeling more informed than other shareholders. The fund firm is among the first to reveal what it pays for shelf space in its prospectus. However, the disclosure is limited to what the funds pay to UBS Financial Services, its brokerage affiliate.

The amount of the fees paid by the funds is inline or below the revenue fees funds typically must pay to distributors. The payments include a 15 basis point payment with the initial sale and a 5 basis point annual trail. The 12b-1 fees and commissions paid by the funds are separate from these payments.

UBS officials explained that the decision to include the information in the prospectus for each fund was made to increase the transparency of the funds to investors. The disclosure is also intended to better clarify the arrangements between the UBS fund and brokerage arms.

The increased disclosure may also be a preview of what more funds will do in the future. The controversial Baker fund disclosure bill would require funds to disclose the revenue-sharing payments that they make to distributors.  

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