UBS Global Asset Management (Americas) is liquidating one of its 25 money market funds in June.*

The fund, the UBS Money Market Exchange Fund, will be liquidated on June 20 because investor interest in the fund has waned to the point that it had less than $10 million in assets as of March 31, according to a regulatory filing.

“The fund's continued existence has been subsidized by ongoing fee waivers/expense reimbursements by UBS Global AM; portfolio management has become more challenging when trying to comply with regulatory diversification requirements applied to a relatively small, and shrinking, portfolio asset base. Therefore, the fund is ceasing operations, and investors will receive a liquidating distribution in payment for their shares as described below,” the filing read.

Shares of the fund are no longer available as of the end of the business day today.

"In the best interest of investors, and in line with industry practice, we regularly review our fund range and take action if a fund becomes too small to be economical. This was a specialized fund with less than $10 million in assets," a UBS spokesperson said. "We continue to manage 24 other money market funds in the U.S. with assets under management of $52.6 billion, including our flagship retail and institutional money funds."

*CLARIFICATION: This article has been changed to specify that the money market fund being liquidated by UBS is one of 25 total funds.

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