Mutual Fund Performance

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Performance for All

 
 
Updated as of: 11/21/2014
Average Annual Total Return (%)
as of Month-End:10/31/2014
Average Annual Total Return (%)
as of Quarter End: 09/30/2014
Annual Operating Expense Ratio (%)1
 
Alternative
NAV
NAV Change
YTD Return %
1 Year
3 Year
5 Year
10 Year
Life
1 Year
3 Year
5 Year
10 Year
Life
Gross Expense Ratio
Net Expense Ratio2
Performance
Inception  
UBS Dynamic Alpha Fund A 7.43 0.04 3.92 5.26 7.29 5.92 n/a 3.50 7.00 7.19 5.62 n/a 3.43 1.42% 1.35% 01/27/2005
with sales charge     -1.85 -0.53 5.26 4.75 n/a 2.90 1.11 5.20 4.42 n/a 2.83      
UBS Dynamic Alpha Fund C 6.96 0.03 3.11 4.35 6.45 5.14 n/a 2.71 6.16 6.39 4.82 n/a 2.64 2.18% 2.10% 01/27/2005
with sales charge     2.11 3.35 6.45 5.14 n/a 2.71 5.16 6.39 4.82 n/a 2.64      
UBS Dynamic Alpha Fund P 7.58 0.04 3.98 5.41 7.53 6.18 n/a 3.79 7.26 7.43 5.88 n/a 3.72 1.15% 1.10% 01/27/2005
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
Global
NAV
NAV Change
YTD Return %
1 Year
3 Year
5 Year
10 Year
Life
1 Year
3 Year
5 Year
10 Year
Life
Gross Expense Ratio
Net Expense Ratio2
Performance
Inception  
UBS Global Allocation Fund A 11.24 0.09 7.05 7.06 8.43 7.42 4.71 5.44 9.51 10.54 6.87 4.91 5.44 1.36% 1.36% 06/30/1997
with sales charge     1.17 1.17 6.41 6.21 4.12 5.10 3.52 8.46 5.67 4.32 5.10      
UBS Global Allocation Fund C 10.94 0.08 6.32 6.09 7.58 6.58 3.89 5.21 8.67 9.72 6.06 4.11 5.22 2.14% 2.14% 11/22/2001
with sales charge     5.32 5.09 7.58 6.58 3.89 5.21 7.67 9.72 6.06 4.11 5.22      
UBS Global Allocation Fund P 11.46 0.08 7.30 7.33 8.72 7.75 5.00 7.08 9.83 10.87 7.21 5.22 7.09 1.06% 1.06% 08/31/1992
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
UBS Asset Growth Fund A 9.28 0.18 6.18 6.53 10.24 9.24 n/a 1.26 10.64 13.87 8.63 n/a 1.29 2.36% 1.57% 07/26/2007
with sales charge     0.32 0.66 8.16 8.00 n/a 0.48 4.58 11.73 7.40 n/a 0.50      
UBS Asset Growth Fund C 9.20 0.17 5.50 5.74 9.43 8.44 n/a 0.51 9.71 12.99 7.81 n/a 0.53 3.13% 2.32% 07/26/2007
with sales charge     4.50 4.74 9.43 8.44 n/a 0.51 8.71 12.99 7.81 n/a 0.53      
UBS Asset Growth Fund P 9.29 0.18 6.54 6.73 10.50 9.50 n/a 1.51 10.85 14.14 8.89 n/a 1.54 2.11% 1.32% 07/26/2007
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
Income
NAV
NAV Change
YTD Return %
1 Year
3 Year
5 Year
10 Year
Life
1 Year
3 Year
5 Year
10 Year
Life
Gross Expense Ratio
Net Expense Ratio2
Performance
Inception  
UBS Multi-Asset Income Fund A 10.14 0.05 4.31 4.97 n/a n/a n/a 5.35 5.77 n/a n/a n/a 4.89 2.04% 1.35% 04/25/2012
with sales charge     -0.34 0.28 n/a n/a n/a 3.45 1.05 n/a n/a n/a 2.93      
UBS Multi-Asset Income Fund C 10.13 0.04 3.54 4.22 n/a n/a n/a 4.58 5.01 n/a n/a n/a 4.13 2.79% 2.10% 04/25/2012
with sales charge     2.80 3.48 n/a n/a n/a 4.58 4.27 n/a n/a n/a 4.13      
UBS Multi-Asset Income Fund P 10.15 0.05 4.56 5.24 n/a n/a n/a 5.61 6.14 n/a n/a n/a 5.19 1.57% 1.10% 04/25/2012
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
Regional
NAV
NAV Change
YTD Return %
1 Year
3 Year
5 Year
10 Year
Life
1 Year
3 Year
5 Year
10 Year
Life
Gross Expense Ratio
Net Expense Ratio2
Performance
Inception  
UBS U.S. Allocation Fund A 40.57 0.21 9.50 12.26 13.50 12.45 6.06 8.30 13.05 15.63 11.60 6.02 8.23 1.03% 1.03% 05/10/1993
with sales charge     3.47 6.09 11.38 11.19 5.46 8.02 6.84 13.48 10.34 5.42 7.95      
UBS U.S. Allocation Fund C 39.59 0.21 8.77 11.44 12.64 11.61 5.26 7.60 12.18 14.76 10.76 5.23 7.54 1.79% 1.79% 07/22/1992
with sales charge     7.77 10.44 12.64 11.61 5.26 7.60 11.18 14.76 10.76 5.23 7.54      
UBS U.S. Allocation Fund P 41.19 0.22 9.78 12.58 13.81 12.78 6.40 8.64 13.37 15.97 11.94 6.37 8.57 0.75% 0.75% 05/10/1993
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
 
 
Updated as of: 11/21/2014
Average Annual Total Return (%)
as of Month-End:10/31/2014
Average Annual Total Return (%)
as of Quarter End: 09/30/2014
Annual Operating Expense Ratio (%)1
 
Alternative
NAV
NAV Change
YTD Return %
1 Year
3 Year
5 Year
10 Year
Life
1 Year
3 Year
5 Year
10 Year
Life
Gross Expense Ratio
Net Expense Ratio2
Performance
Inception  
UBS Equity Long-Short Multi-Strategy Fund A 10.79 0.02 5.27 8.16 4.12 n/a n/a 1.67 7.47 3.47 n/a n/a 1.48 6.31% 4.07% 06/30/2010
with sales charge     -0.55 2.19 2.19 n/a n/a 0.36 1.53 1.54 n/a n/a 0.15      
UBS Equity Long-Short Multi-Strategy Fund C 10.45 0.02 4.60 7.33 3.30 n/a n/a 0.92 6.62 2.68 n/a n/a 0.73 6.46% 4.87% 06/30/2010
with sales charge     3.60 6.33 3.30 n/a n/a 0.92 5.62 2.68 n/a n/a 0.73      
UBS Equity Long-Short Multi-Strategy Fund P 10.92 0.02 5.51 8.38 4.36 n/a n/a 1.93 7.71 3.72 n/a n/a 1.75 5.48% 3.89% 06/30/2010
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
Core
NAV
NAV Change
YTD Return %
1 Year
3 Year
5 Year
10 Year
Life
1 Year
3 Year
5 Year
10 Year
Life
Gross Expense Ratio
Net Expense Ratio2
Performance
Inception  
UBS U.S. Defensive Equity Fund A 13.26 0.10 11.06 14.39 15.98 12.09 n/a 4.24 14.21 19.68 11.05 n/a 4.10 3.80% 2.15% 09/26/2006
with sales charge     4.99 8.05 13.82 10.84 n/a 3.52 7.90 17.46 9.80 n/a 3.37      
UBS U.S. Defensive Equity Fund C 12.73 0.09 10.41 13.59 15.11 11.25 n/a 3.47 13.37 18.81 10.24 n/a 3.34 4.61% 2.90% 09/26/2006
with sales charge     9.41 12.59 15.11 11.25 n/a 3.47 12.37 18.81 10.24 n/a 3.34      
UBS U.S. Defensive Equity Fund P 13.30 0.09 11.30 14.74 16.24 12.34 n/a 4.50 14.47 19.95 11.33 n/a 4.36 3.53% 1.90% 09/26/2006
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
UBS U.S. Large Cap Equity Fund A 26.01 0.19 14.18 17.86 18.95 15.05 6.97 6.11 18.37 22.59 13.94 6.97 6.02 1.29% 1.20% 06/30/1997
with sales charge     7.88 11.40 16.73 13.75 6.36 5.76 11.83 20.29 12.66 6.37 5.67      
UBS U.S. Large Cap Equity Fund C 24.85 0.17 13.37 17.01 18.07 14.18 6.17 5.89 17.51 21.67 13.09 6.18 5.77 2.08% 1.95% 11/13/2001
with sales charge     12.37 16.01 18.07 14.18 6.17 5.89 16.51 21.67 13.09 6.18 5.77      
UBS U.S. Large Cap Equity Fund P 26.15 0.19 14.39 18.18 19.27 15.34 7.25 9.00 18.70 22.89 14.23 7.26 8.94 0.99% 0.95% 02/22/1994
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
UBS U.S. Equity Opportunity Fund A 10.03 0.08 12.44 13.35 17.49 12.71 5.72 5.68 15.22 21.56 11.73 5.75 5.59 1.72% 1.20% 12/07/2001
with sales charge     6.25 7.11 15.27 11.44 5.12 5.21 8.93 19.27 10.46 5.15 5.12      
UBS U.S. Equity Opportunity Fund C 9.76 0.08 11.67 12.65 16.66 11.90 4.93 5.09 14.27 20.67 10.86 4.96 5.00 2.50% 1.95% 12/12/2001
with sales charge     10.67 11.65 16.66 11.90 4.93 5.09 13.27 20.67 10.86 4.96 5.00      
UBS U.S. Equity Opportunity Fund P 10.10 0.08 12.60 13.64 17.77 13.01 6.00 5.72 15.38 21.85 12.01 6.03 5.62 1.52% 0.95% 06/29/2001
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
Global
NAV
NAV Change
YTD Return %
1 Year
3 Year
5 Year
10 Year
Life
1 Year
3 Year
5 Year
10 Year
Life
Gross Expense Ratio
Net Expense Ratio2
Performance
Inception  
UBS Global Sustainable Equity Fund A 8.96 0.07 6.29 7.70 10.73 7.19 5.10 3.66 8.26 14.96 6.34 5.44 3.64 2.74% 1.25% 06/30/1997
with sales charge     0.45 1.76 8.66 5.99 4.51 3.32 2.34 12.83 5.13 4.84 3.30      
UBS Global Sustainable Equity Fund C 8.79 0.08 5.65 6.89 9.86 6.41 4.32 4.98 7.45 14.09 5.56 4.66 4.96 3.54% 2.00% 01/25/2002
with sales charge     4.65 5.89 9.86 6.41 4.32 4.98 6.45 14.09 5.56 4.66 4.96      
UBS Global Sustainable Equity Fund P 9.00 0.07 6.51 8.04 11.00 7.46 5.34 5.01 8.60 15.21 6.61 5.68 4.99 2.45% 1.00% 08/31/1993
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
Growth
NAV
NAV Change
YTD Return %
1 Year
3 Year
5 Year
10 Year
Life
1 Year
3 Year
5 Year
10 Year
Life
Gross Expense Ratio
Net Expense Ratio2
Performance
Inception  
UBS U.S. Small Cap Growth Fund A 24.85 0.11 3.03 9.11 20.01 21.71 9.09 9.68 3.46 23.38 19.16 8.91 9.39 1.46% 1.41% 12/31/1998
with sales charge     -2.63 3.11 17.78 20.35 8.48 9.29 -2.21 21.06 17.83 8.29 9.00      
UBS U.S. Small Cap Growth Fund C 22.33 0.09 2.34 8.31 19.12 20.80 8.28 8.01 2.71 22.47 18.28 8.11 7.65 2.25% 2.16% 11/19/2001
with sales charge     1.34 7.31 19.12 20.80 8.28 8.01 1.71 22.47 18.28 8.11 7.65      
UBS U.S. Small Cap Growth Fund P 26.12 0.11 3.28 9.40 20.35 22.04 9.38 8.41 3.76 23.73 19.47 9.19 8.13 1.10% 1.10% 09/30/1997
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
 
 
Updated as of: 11/21/2014
Average Annual Total Return (%)
as of Month-End:10/31/2014
Average Annual Total Return (%)
as of Quarter End: 09/30/2014
Annual Operating Expense Ratio (%)1
 
Alternative
NAV
NAV Change
YTD Return %
1 Year
3 Year
5 Year
10 Year
Life
1 Year
3 Year
5 Year
10 Year
Life
Gross Expense Ratio
Net Expense Ratio2
Performance
Inception  
UBS Fixed Income Opportunities Fund A 9.39 (0.01) -2.81 -0.90 2.13 n/a n/a 1.49 0.77 2.35 n/a n/a 1.96 1.52% 1.04% 11/29/2010
with sales charge     -7.21 -5.33 0.57 n/a n/a 0.30 -3.73 0.81 n/a n/a 0.75      
UBS Fixed Income Opportunities Fund C 9.37 (0.01) -3.26 -1.48 1.61 n/a n/a 0.97 0.19 1.83 n/a n/a 1.43 2.02% 1.54% 11/29/2010
with sales charge     -3.98 -2.21 1.61 n/a n/a 0.97 -0.56 1.83 n/a n/a 1.43      
UBS Fixed Income Opportunities Fund P 9.40 (0.01) -2.65 -0.67 2.38 n/a n/a 1.77 1.00 2.60 n/a n/a 2.23 1.23% 0.79% 11/29/2010
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
Domestic
NAV
NAV Change
YTD Return %
1 Year
3 Year
5 Year
10 Year
Life
1 Year
3 Year
5 Year
10 Year
Life
Gross Expense Ratio
Net Expense Ratio2
Performance
Inception  
UBS Core Plus Bond Fund A 9.24 0.02 5.81 5.47 3.70 5.08 2.67 4.30 5.89 3.41 5.17 2.67 4.28 1.70% 0.65% 06/30/1997
with sales charge     1.04 0.76 2.12 4.11 2.20 4.03 1.11 1.84 4.21 2.19 4.00      
UBS Core Plus Bond Fund C 9.21 0.02 5.47 4.86 3.16 4.53 2.14 2.61 5.39 2.91 4.64 2.15 2.57 2.29% 1.15% 11/08/2001
with sales charge     4.72 4.11 3.16 4.53 2.14 2.61 4.64 2.91 4.64 2.15 2.57      
UBS Core Plus Bond Fund P 9.22 0.02 6.08 5.64 3.93 5.33 2.91 4.75 6.17 3.68 5.44 2.92 4.73 1.39% 0.40% 08/31/1995
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
Emerging Markets
NAV
NAV Change
YTD Return %
1 Year
3 Year
5 Year
10 Year
Life
1 Year
3 Year
5 Year
10 Year
Life
Gross Expense Ratio
Net Expense Ratio2
Performance
Inception  
UBS Emerging Markets Debt Fund A 8.70 0.05 2.25 -0.55 n/a n/a n/a -0.16 1.47 n/a n/a n/a -0.52 15.41% 1.25% 07/23/2012
with sales charge     -2.38 -5.02 n/a n/a n/a -2.16 -3.10 n/a n/a n/a -2.58      
UBS Emerging Markets Debt Fund C 8.71 0.05 1.81 -0.96 n/a n/a n/a -1.10 0.80 n/a n/a n/a -1.51 15.92% 1.75% 07/23/2012
with sales charge     1.07 -1.67 n/a n/a n/a -1.10 0.08 n/a n/a n/a -1.51      
UBS Emerging Markets Debt Fund P 8.71 0.05 2.37 -0.18 n/a n/a n/a 0.31 1.72 n/a n/a n/a -0.09 2.02% 1.00% 07/23/2012
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
Tax-Exempt
NAV
NAV Change
YTD Return %
1 Year
3 Year
5 Year
10 Year
Life
1 Year
3 Year
5 Year
10 Year
Life
Gross Expense Ratio
Net Expense Ratio2
Performance
Inception  
UBS Municipal Bond Fund A 10.02 0.00 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1.82% 0.65% 11/10/2014
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
UBS Municipal Bond Fund C 10.02 0.00 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 2.32% 1.15% 11/10/2014
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
UBS Municipal Bond Fund P 10.02 0.00 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1.57% 0.40% 11/10/2014
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
 
 
Updated as of: 11/21/2014
Average Annual Total Return (%)
as of Month-End:10/31/2014
Average Annual Total Return (%)
as of Quarter End: 09/30/2014
Annual Operating Expense Ratio (%)1
 
 
NAV
NAV Change
YTD Return %
1 Year
3 Year
5 Year
10 Year
Life
1 Year
3 Year
5 Year
10 Year
Life
Gross Expense Ratio
Net Expense Ratio2
Performance
Inception  
PACE Alternative Strategies Investments A 10.78 0.07 3.45 4.64 6.06 4.36 n/a 1.65 6.80 7.25 4.27 n/a 1.66 2.17% 2.07% 04/10/2006
with sales charge     -2.27 -1.16 4.09 3.18 n/a 0.98 0.95 5.23 3.10 n/a 0.98      
PACE Alternative Strategies Investments C 10.43 0.08 2.86 3.91 5.31 3.60 n/a 0.96 6.12 6.51 3.53 n/a 0.97 2.88% 2.78% 04/11/2006
with sales charge     1.86 2.91 5.31 3.60 n/a 0.96 5.12 6.51 3.53 n/a 0.97      
PACE Alternative Strategies Investments P 10.86 0.08 3.72 4.92 6.38 4.63 n/a 1.92 7.08 7.54 4.53 n/a 1.91 1.90% 1.80% 04/10/2006
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
PACE Alternative Strategies Investments Y * 10.89 0.08 3.71 4.94 6.34 4.61 n/a 1.30 7.09 7.52 4.52 n/a 1.30 1.93% 1.83% 07/23/2008
with sales charge     3.71 4.94 6.34 4.61 n/a 1.30 7.09 7.52 4.52 n/a 1.30      
 
 
Updated as of: 11/21/2014
Average Annual Total Return (%)
as of Month-End:10/31/2014
Average Annual Total Return (%)
as of Quarter End: 09/30/2014
Annual Operating Expense Ratio (%)1
 
Global
NAV
NAV Change
YTD Return %
1 Year
3 Year
5 Year
10 Year
Life
1 Year
3 Year
5 Year
10 Year
Life
Gross Expense Ratio
Net Expense Ratio2
Performance
Inception  
PACE International Emerging Markets Equity Investments A 13.28 0.17 4.73 1.80 4.10 4.64 9.01 7.82 3.53 7.22 3.80 8.99 7.68 1.89% 1.89% 12/11/2000
with sales charge     -1.04 -3.78 2.15 3.47 8.39 7.39 -2.15 5.22 2.64 8.38 7.24      
PACE International Emerging Markets Equity Investments C 12.33 0.16 4.05 1.06 3.32 3.88 8.18 7.55 2.81 6.43 3.03 8.17 7.41 2.64% 2.64% 12/01/2000
with sales charge     3.05 0.06 3.32 3.88 8.18 7.55 1.81 6.43 3.03 8.17 7.41      
PACE International Emerging Markets Equity Investments P 13.48 0.18 4.90 1.97 4.18 4.72 9.05 4.71 3.77 7.31 3.88 9.05 4.60 1.82% 1.77% 08/24/1995
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
PACE International Emerging Markets Equity Investments Y 13.55 0.18 5.04 2.01 4.32 4.88 9.35 8.12 3.88 7.48 4.05 9.35 7.98 1.65% 1.65% 02/09/2001
with sales charge     5.04 2.01 4.32 4.88 9.35 8.12 3.88 7.48 4.05 9.35 7.98      
PACE International Equity Investments A 15.06 0.09 0.13 0.27 10.04 6.19 4.96 2.88 4.80 13.71 5.82 5.38 2.98 1.83%3 1.83%3 11/27/2000
with sales charge     -5.40 -5.24 7.98 4.99 4.37 2.46 -0.94 11.59 4.63 4.79 2.56      
PACE International Equity Investments C 14.72 0.09 -0.61 -0.59 9.12 5.31 4.09 2.04 4.00 12.80 4.95 4.52 2.14 2.67%3 2.67%3 11/27/2000
with sales charge     -1.60 -1.58 9.12 5.31 4.09 2.04 3.00 12.80 4.95 4.52 2.14      
PACE International Equity Investments P 15.03 0.09 0.33 0.47 10.29 6.44 5.23 4.76 5.10 14.00 6.08 5.66 4.84 1.58%3 1.58%3 08/24/1995
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
PACE International Equity Investments Y 15.06 0.09 0.33 0.55 10.33 6.47 5.31 3.40 5.17 14.03 6.10 5.74 3.50 1.57%3 1.57%3 01/17/2001
with sales charge     0.33 0.55 10.33 6.47 5.31 3.40 5.17 14.03 6.10 5.74 3.50      
Growth
NAV
NAV Change
YTD Return %
1 Year
3 Year
5 Year
10 Year
Life
1 Year
3 Year
5 Year
10 Year
Life
Gross Expense Ratio
Net Expense Ratio2
Performance
Inception  
PACE Large Co Growth Equity Investments A 27.36 0.13 10.72 15.53 17.79 15.89 7.99 2.46 16.93 21.49 14.85 7.83 2.29 1.21% 1.21% 11/27/2000
with sales charge     4.63 9.20 15.59 14.59 7.38 2.04 10.51 19.21 13.55 7.22 1.88      
PACE Large Co Growth Equity Investments C 24.28 0.11 9.91 14.49 16.80 14.92 7.10 1.63 15.90 20.46 13.90 6.93 1.47 2.05% 2.05% 11/27/2000
with sales charge     8.91 13.49 16.80 14.92 7.10 1.63 14.90 20.46 13.90 6.93 1.47      
PACE Large Co Growth Equity Investments P 27.92 0.13 10.97 15.81 18.09 16.19 8.29 6.78 17.20 21.79 15.14 8.12 6.68 0.95% 0.95% 08/24/1995
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
PACE Large Co Growth Equity Investments Y 28.06 0.13 10.95 15.81 18.10 16.19 8.35 3.42 17.23 21.79 15.15 8.18 3.25 0.96% 0.96% 02/15/2001
with sales charge     10.95 15.81 18.10 16.19 8.35 3.42 17.23 21.79 15.15 8.18 3.25      
PACE Small/Medium Co Growth Equity Investments A 20.92 0.06 -1.32 3.32 16.35 17.35 8.38 5.02 -0.21 18.67 14.82 8.20 4.62 1.26% 1.26% 11/27/2000
with sales charge     -6.73 -2.36 14.18 16.04 7.76 4.60 -5.70 16.44 13.52 7.59 4.19      
PACE Small/Medium Co Growth Equity Investments C 18.06 0.05 -2.01 2.58 15.47 16.47 7.54 4.22 -0.97 17.77 13.93 7.37 3.82 2.02% 2.02% 11/27/2000
with sales charge     -2.99 1.69 15.47 16.47 7.54 4.22 -1.82 17.77 13.93 7.37 3.82      
PACE Small/Medium Co Growth Equity Investments P 21.75 0.07 -1.18 3.44 16.52 17.54 8.57 9.06 -0.06 18.84 15.00 8.40 8.78 1.14% 1.13% 08/24/1995
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
PACE Small/Medium Co Growth Equity Investments Y 21.98 0.06 -1.21 3.44 16.50 17.51 8.66 6.47 -0.11 18.84 14.98 8.48 6.06 1.25% 1.13% 02/12/2001
with sales charge     -1.21 3.44 16.50 17.51 8.66 6.47 -0.11 18.84 14.98 8.48 6.06      
Real Estate
NAV
NAV Change
YTD Return %
1 Year
3 Year
5 Year
10 Year
Life
1 Year
3 Year
5 Year
10 Year
Life
Gross Expense Ratio
Net Expense Ratio2
Performance
Inception  
PACE Global Real Estate Securities Investments A 7.42 0.04 14.51 12.15 13.77 12.02 n/a 0.25 8.09 15.98 10.28 n/a -0.57 1.56% 1.45% 12/18/2006
with sales charge     8.16 6.03 11.65 10.78 n/a -0.47 2.19 13.84 9.03 n/a -1.29      
PACE Global Real Estate Securities Investments C 7.36 0.04 13.93 11.39 12.94 11.16 n/a -0.53 7.32 15.12 9.45 n/a -1.34 2.27% 2.20% 12/18/2006
with sales charge     12.93 10.39 12.94 11.16 n/a -0.53 6.32 15.12 9.45 n/a -1.34      
PACE Global Real Estate Securities Investments P 7.44 0.04 14.81 12.42 14.02 12.29 n/a -0.08 8.36 16.30 10.55 n/a -0.91 1.52% 1.20% 01/22/2007
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
PACE Global Real Estate Securities Investments Y 7.46 0.04 14.77 12.37 14.04 12.31 n/a 14.66 8.49 16.32 10.61 n/a 13.63 1.39% 1.20% 12/26/2008
with sales charge     14.77 12.37 14.04 12.31 n/a 14.66 8.49 16.32 10.61 n/a 13.63      
Value
NAV
NAV Change
YTD Return %
1 Year
3 Year
5 Year
10 Year
Life
1 Year
3 Year
5 Year
10 Year
Life
Gross Expense Ratio
Net Expense Ratio2
Performance
Inception  
PACE Large Co Value Equity Investments A 26.65 0.11 9.76 14.00 18.58 14.75 7.72 6.27 16.56 22.72 13.73 7.61 6.16 1.27%3 1.27%3 11/27/2000
with sales charge     3.74 7.75 16.36 13.46 7.11 5.83 10.15 20.44 12.46 7.00 5.73      
PACE Large Co Value Equity Investments C 26.56 0.11 8.99 13.12 17.63 13.84 6.87 5.45 15.70 21.77 12.82 6.76 5.34 2.06%3 2.06%3 11/27/2000
with sales charge     7.99 12.12 17.63 13.84 6.87 5.45 14.70 21.77 12.82 6.76 5.34      
PACE Large Co Value Equity Investments P 26.66 0.11 10.03 14.27 18.86 15.02 7.99 8.33 16.89 23.01 14.00 7.88 8.26 1.02%3 1.02%3 08/24/1995
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
PACE Large Co Value Equity Investments Y 26.75 0.11 9.99 14.31 18.87 15.04 8.05 6.48 16.87 23.03 14.02 7.93 6.37 1.03%3 1.03%3 01/19/2001
with sales charge     9.99 14.31 18.87 15.04 8.05 6.48 16.87 23.03 14.02 7.93 6.37      
PACE Small/Medium Co Value Equity Investments A 22.99 0.11 5.22 7.23 18.00 15.53 7.19 8.72 7.94 22.69 13.58 7.04 8.54 1.34% 1.34% 11/27/2000
with sales charge     -0.56 1.34 15.79 14.24 6.58 8.28 2.00 20.40 12.31 6.43 8.10      
PACE Small/Medium Co Value Equity Investments C 20.31 0.10 4.47 6.43 17.13 14.67 6.38 7.91 7.13 21.77 12.73 6.22 7.73 2.09% 2.09% 11/27/2000
with sales charge     3.47 5.50 17.13 14.67 6.38 7.91 6.19 21.77 12.73 6.22 7.73      
PACE Small/Medium Co Value Equity Investments P 23.52 0.12 5.33 7.32 18.12 15.70 7.35 8.83 8.03 22.83 13.73 7.20 8.69 1.22% 1.22% 08/24/1995
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
PACE Small/Medium Co Value Equity Investments Y 23.71 0.11 5.33 7.33 18.16 15.74 7.48 9.18 8.07 22.84 13.77 7.32 9.00 1.25% 1.22% 12/20/2000
with sales charge     5.33 7.33 18.16 15.74 7.48 9.18 8.07 22.84 13.77 7.32 9.00      
 
 
Updated as of: 11/21/2014
Average Annual Total Return (%)
as of Month-End:10/31/2014
Average Annual Total Return (%)
as of Quarter End: 09/30/2014
Annual Operating Expense Ratio (%)1
 
Global
NAV
NAV Change
YTD Return %
1 Year
3 Year
5 Year
10 Year
Life
1 Year
3 Year
5 Year
10 Year
Life
Gross Expense Ratio
Net Expense Ratio2
Performance
Inception  
PACE High Yield Investments A 10.32 0.05 2.60 4.77 8.84 9.34 n/a 8.19 6.72 10.77 9.56 n/a 8.20 1.27% 1.27% 05/01/2006
with sales charge     -2.04 0.03 7.17 8.33 n/a 7.61 1.88 9.10 8.54 n/a 7.61      
PACE High Yield Investments C 10.31 0.04 2.16 4.29 8.34 8.84 n/a 13.63 6.22 10.23 9.06 n/a 13.73 1.73% 1.73% 01/21/2009
with sales charge     1.43 3.54 8.34 8.84 n/a 13.63 5.47 10.23 9.06 n/a 13.73      
PACE High Yield Investments P 10.34 0.04 2.80 5.00 9.06 9.58 n/a 8.43 6.94 10.99 9.80 n/a 8.44 1.11% 1.03% 04/10/2006
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
PACE High Yield Investments Y 10.35 0.04 2.82 5.12 9.14 9.64 n/a 16.12 6.96 11.03 9.84 n/a 16.23 1.02% 1.02% 12/26/2008
with sales charge     2.82 5.12 9.14 9.64 n/a 16.12 6.96 11.03 9.84 n/a 16.23      
PACE International Fixed Income Investments A 10.53 0.00 2.41 1.89 -0.48 1.34 3.31 4.97 3.18 0.17 1.43 3.60 5.00 1.27% 1.22% 12/11/2000
with sales charge     -2.24 -2.68 -1.99 0.41 2.84 4.62 -1.49 -1.35 0.51 3.12 4.65      
PACE International Fixed Income Investments C 10.54 0.00 1.96 1.49 -0.96 0.87 2.82 4.50 2.78 -0.31 0.96 3.10 4.53 1.75% 1.69% 12/01/2000
with sales charge     1.21 0.75 -0.96 0.87 2.82 4.50 2.03 -0.31 0.96 3.10 4.53      
PACE International Fixed Income Investments P 10.53 0.00 2.61 2.11 -0.26 1.56 3.55 4.59 3.40 0.37 1.65 3.84 4.61 1.10% 1.00% 08/24/1995
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
PACE International Fixed Income Investments Y 10.50 0.00 2.53 2.12 -0.26 1.55 3.60 5.07 3.42 0.37 1.66 3.88 5.10 1.09% 1.00% 01/16/2001
with sales charge     2.53 2.12 -0.26 1.55 3.60 5.07 3.42 0.37 1.66 3.88 5.10      
Tax Exempt
NAV
NAV Change
YTD Return %
1 Year
3 Year
5 Year
10 Year
Life
1 Year
3 Year
5 Year
10 Year
Life
Gross Expense Ratio
Net Expense Ratio2
Performance
Inception  
PACE Municipal Fixed Income Investments A 13.25 0.01 5.90 5.54 3.68 4.25 3.59 3.80 5.98 3.33 3.64 3.60 3.79 0.93% 0.90% 01/23/2001
with sales charge     1.16 0.82 2.12 3.30 3.12 3.45 1.20 1.75 2.69 3.12 3.44      
PACE Municipal Fixed Income Investments C 13.25 0.00 5.42 4.93 3.16 3.73 3.07 3.43 5.44 2.81 3.11 3.08 3.43 1.44% 1.40% 12/04/2000
with sales charge     4.67 4.18 3.16 3.73 3.07 3.43 4.69 2.81 3.11 3.08 3.43      
PACE Municipal Fixed Income Investments P 13.25 0.00 6.06 5.72 3.94 4.51 3.85 4.42 6.24 3.56 3.89 3.85 4.42 0.70% 0.65% 08/24/1995
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
PACE Municipal Fixed Income Investments Y 13.26 0.01 6.14 5.80 3.94 4.51 3.85 4.06 6.23 3.58 3.90 3.86 4.05 0.72% 0.65% 02/23/2001
with sales charge     6.14 5.80 3.94 4.51 3.85 4.06 6.23 3.58 3.90 3.86 4.05      
Taxable
NAV
NAV Change
YTD Return %
1 Year
3 Year
5 Year
10 Year
Life
1 Year
3 Year
5 Year
10 Year
Life
Gross Expense Ratio
Net Expense Ratio2
Performance
Inception  
PACE Intermediate Fixed Income Investments A 12.34 0.01 2.45 1.74 1.85 2.76 3.35 3.27 1.80 1.91 2.78 3.34 3.24 0.99% 0.93% 01/31/2001
with sales charge     -2.13 -2.84 0.31 1.81 2.88 2.92 -2.80 0.36 1.85 2.87 2.90      
PACE Intermediate Fixed Income Investments C 12.36 0.01 1.97 1.31 1.37 2.26 2.83 2.94 1.29 1.40 2.28 2.82 2.92 1.49% 1.43% 12/01/2000
with sales charge     1.22 0.56 1.37 2.26 2.83 2.94 0.54 1.40 2.28 2.82 2.92      
PACE Intermediate Fixed Income Investments P 12.35 0.02 2.69 2.00 2.11 3.02 3.61 4.21 1.98 2.14 3.03 3.60 4.20 0.74% 0.68% 08/24/1995
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
PACE Intermediate Fixed Income Investments Y 12.34 0.01 2.61 2.00 2.11 3.02 3.61 3.54 1.98 2.17 3.03 3.60 3.51 0.89% 0.68% 02/02/2001
with sales charge     2.61 2.00 2.11 3.02 3.61 3.54 1.98 2.17 3.03 3.60 3.51      
PACE Mortgage-Backed Securities Fixed Income Investments A 12.96 0.01 5.01 3.38 1.92 3.38 4.26 4.57 3.18 1.62 3.43 4.25 4.54 1.05% 0.97% 01/31/2001
with sales charge     0.29 -1.27 0.37 2.43 3.78 4.22 -1.47 0.08 2.49 3.77 4.19      
PACE Mortgage-Backed Securities Fixed Income Investments C 12.98 0.01 4.51 2.78 1.40 2.85 3.73 4.27 2.66 1.11 2.91 3.72 4.24 1.56% 1.47% 12/04/2000
with sales charge     3.76 2.03 1.40 2.85 3.73 4.27 1.91 1.11 2.91 3.72 4.24      
PACE Mortgage-Backed Securities Fixed Income Investments P 12.96 0.01 5.16 3.63 2.20 3.64 4.53 5.52 3.36 1.88 3.68 4.50 5.49 0.86% 0.72% 08/24/1995
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
PACE Mortgage-Backed Securities Fixed Income Investments Y 12.96 0.01 5.24 3.64 2.18 3.63 4.54 4.87 3.44 1.88 3.69 4.54 4.84 0.85% 0.72% 02/02/2001
with sales charge     5.24 3.64 2.18 3.63 4.54 4.87 3.44 1.88 3.69 4.54 4.84      
PACE Strategic Fixed Income Investments A 13.95 0.04 4.96 3.39 3.36 5.62 5.77 6.26 3.24 3.01 5.63 5.76 6.23 1.03% 1.03% 12/11/2000
with sales charge     0.25 -1.26 1.78 4.65 5.28 5.91 -1.43 1.44 4.65 5.27 5.88      
PACE Strategic Fixed Income Investments C 13.96 0.04 4.51 2.90 2.87 5.09 5.26 5.79 2.75 2.52 5.10 5.24 5.76 1.51% 1.51% 12/01/2000
with sales charge     3.76 2.16 2.87 5.09 5.26 5.79 2.01 2.52 5.10 5.24 5.76      
PACE Strategic Fixed Income Investments P 13.95 0.04 5.20 3.65 3.58 5.85 6.03 6.74 3.42 3.25 5.86 6.02 6.72 0.81% 0.81% 08/24/1995
with sales charge     n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a      
PACE Strategic Fixed Income Investments Y 13.93 0.04 5.09 3.61 3.59 5.86 6.08 6.39 3.46 3.26 5.87 6.06 6.36 0.90% 0.81% 02/02/2001
with sales charge     5.09 3.61 3.59 5.86 6.08 6.39 3.46 3.26 5.87 6.06 6.36      

 

 

IMPORTANT DISCLOSURES

 

Performance, gross and net expense ratios table:  http://globalam-us.ubs.com/corpweb/performance.do 

 

 1Expense ratios are as of a fund's most recent prospectus. Prospectus dates vary among funds. Unless otherwise indicated, for UBS Funds, expense ratios are as of the October 28, 2014.  For UBS U.S. Allocation Fund, expense ratios are as of the December 27, 2013 prospectus, as supplemented from time to time. For PACE® Funds, expense ratios are as of the November 28, 2013 prospectus, as supplemented from time to time. 

 

  2Net expenses reflect fee waivers and expense reimbursements pursuant to agreements that were in effect, as of a fund's most recent prospectus, to cap the expenses for each fund. In the event a fund's operating expense ratio for the period exceeds its expense cap, these waivers and reimbursements would apply. Current effective fee waivers and expense reimbursement agreements for each fund are listed in the paragraphs below.

 

3This expense ratio includes dividend expense, borrowing costs and related interest expense attributable to securities sold short, which are based on estimates and may vary based on actual investments.

 

   

UBS U.S. Allocation Fund

 

The Fund and UBS Global AM have entered into a written agreement, separate from UBS Global AM's investment advisory agreement with the Fund, whereby UBS Global AM has agreed to permanently reduce its advisory and administration fee based on the Fund's average daily net assets to the following rates: $0 to $250 million: 0.50%; in excess of $250 million up to $500 million: 0.45%; in excess of $500 million up to $2 billion: 0.40%; over $2 billion: 0.35%. Effective December 27, 2013, UBS Global AM has contractually undertaken to waive fees/reimburse a portion of the fund's expenses, when necessary, so that the ordinary total annual operating expenses of each class through December 31, 2014 (excluding (1) dividend expense, borrowing costs and interest expense relating to short sales, and (2) investments in other investment companies, interest, taxes, brokerage commissions and extraordinary expenses, if any) would not exceed 1.15% for Class A, 1.90% for Class C and 0.90% for Class P.

 

UBS Global Sustainable Equity Fund (formerly, UBS International Equity Fund) 

The Advisor has agreed irrevocably to waive its fees and reimburse certain expenses (excluding expenses incurred through investment in other investment companies, interest, taxes, brokerage commissions, and extraordinary expenses) so that total operating expenses of the Fund do not exceed 1.25% for Class A shares, 2.00% for Class C shares and 1.00% for Class P shares.

 

 

UBS Emerging Markets Debt Fund

The Trust, with respect to the Fund, and the Advisor, UBS Global AM, have entered into a written agreement pursuant to which the Advisor has agreed to waive a portion of its management fees and/or to reimburse expenses (excluding expenses incurred through investment in other investment companies, interest, taxes, brokerage commissions, extraordinary expenses, dividend expense and security loan fees for securities sold short) to the extent necessary so that the Fund's operating expenses (excluding expenses incurred through investment in other investment companies, interest, taxes, brokerage commissions, extraordinary expenses, dividend expense and security loan fees for securities sold short), through the period ending October 28, 2023 do not exceed 1.25% for Class A shares, 1.75% for Class C shares and 1.00% for Class P shares. Pursuant to the written agreement, the Advisor is entitled to be reimbursed for any fees it waives and expenses it reimburses for a period of three years following such fee waivers and expense reimbursements, to the extent that such reimbursement of the Advisor by the Fund will not cause the Fund to exceed the applicable expense limit that is in place for each share class of the Fund.

 

 

 

For the following UBS Funds:

The Trust, with respect to each Fund listed below, and the Advisor, UBS Global AM, have entered into a written agreement pursuant to which the Advisor has agreed to waive a portion of its management fees and/or to reimburse expenses (excluding expenses incurred through investment in other investment companies, interest, taxes, brokerage commissions, and extraordinary expenses and with respect to UBS Dynamic Alpha Fund, UBS U.S Defensive Equity Fund, UBS Asset Growth Fund, UBS Multi-Asset Income Fund, UBS Small Cap Growth Fund, UBS Equity Long-Short Multi-Strategy Fund and UBS Fixed Income Opportunities Fund, also excluding dividend expense and security loan fees for securities sold short) to the extent necessary so that a Fund's operating expenses (excluding expenses incurred through investment in other investment companies, interest, taxes, brokerage commissions, and extraordinary expenses and with respect to UBS Dynamic Alpha Fund, UBS U.S Defensive Equity Fund, UBS Asset Growth Fund, UBS Multi-Asset Income Fund, UBS Small Cap Growth Fund, UBS Equity Long-Short Multi-Strategy Fund and UBS Fixed Income Opportunities Fund, also excluding dividend expense and security loan fees for securities sold short), through the period ending October 27, 2015, do not exceed the percentages for each Fund listed below. Pursuant to the written agreement, the Advisor is entitled to be reimbursed for any fees it waives and expenses it reimburses for a period of three years following such fee waivers and expense reimbursements, to the extent that such reimbursement of the Advisor by a Fund will not cause a Fund to exceed the applicable expense limit that is in place for each share class of a Fund as follows:

 

UBS Dynamic Alpha Fund

1.35% for Class A, 2.10% for Class C and 1.10% for Class P. 

 

UBS Global Allocation Fund

1.35% for Class A, 2.10% for Class C and 1.10% for Class P.

 

UBS Asset Growth Fund (formerly, UBS Global Frontier Fund)
1.40% for Class A, 2.15% for Class C and 1.15% for Class P.  

 

UBS Multi-Asset Income Fund
0.95% for Class A, 1.70% for Class C and 0.70% for Class P.  

 

UBS U.S. Defensive Equity Fund (formerly, UBS U.S. Equity Alpha Fund)

1.50% for Class A, 2.25% for Class C and 1.25% for Class P.

 

UBS U.S. Large Cap Equity Fund

1.20% for Class A, 1.95% for Class C, and 0.95% for Class P.

 

UBS U.S. Equity Opportunity Fund

1.20% for Class A, 1.95% for Class C and 0.95% for Class P.

 

UBS Equity Long-Short Multi-Strategy Fund (formerly, UBS Market Neutral Multi-Strategy Fund)

1.75% for Class A, 2.50% for Class C and 1.50% for Class P.

 

UBS U.S. Small Cap Growth Fund

1.40% for Class A, 2.15% for Class C and 1.15% for Class P.

 

UBS Core Plus Bond Fund

0.64% for Class A, 1.14% for Class C and 0.39% for Class P.

 

UBS Fixed Income Opportunities Fund

0.95% for Class A, 1.45% for Class C and 0.70% for Class P. 

 

UBS Municipal Bond Fund

0.65% for Class A, 1.15% for Class C and 0.40% for Class P.

 

 

 

PACE® Mortgage-Backed Securities Fixed Income Investments

The fund and UBS Global AM have entered into a written fee waiver/expense reimbursement agreement pursuant to which UBS Global AM is contractually obligated to (1) waive its management fees through March 31, 2015 to the extent necessary to reflect the lower sub-advisory fee paid by UBS Global AM to Pacific Investment Management Company LLC, the fund's investment advisor; and (2) waive its management fees and/or reimburse expenses so that the fund's ordinary total operating expenses of each class through March 31, 2015 (excluding dividend expense, borrowing costs and interest expense relating to short sales, and expenses attributable to investment in other investment companies, interest, taxes, brokerage commissions and extraordinary expenses) would not exceed 0.97% for Class A, 1.47% for Class C, 0.72% for Class Y and 0.72% for Class P. The fund has agreed to repay UBS Global AM for any waived fees/reimbursed expenses (pursuant to item (2)) to the extent that it can do so over the following three fiscal years without causing the fund's expenses in any of those three years to exceed these expense caps.  The fee waiver/expense reimbursement agreement may be terminated by the fund's board at any time and also will terminate automatically upon the expiration or termination of the fund's advisory contract with UBS Global AM.  Upon termination of the agreement, however, UBS Global AM's three year recoupment rights will survive.

 

PACE® International Fixed Income Investments

The fund and UBS Global AM have entered into a written fee waiver/expense reimbursement agreement pursuant to which UBS Global AM is contractually obligated to (1) waive its management fees through March 31, 2015 to the extent necessary to reflect the lower sub-advisory fee paid by UBS Global AM to Rogge Global Partners plc, the fund's investment advisor; and (2) waive its management fees and/or reimburse expenses so that the fund's ordinary total operating expenses of each class through March 31, 2015 (excluding dividend expense, borrowing costs and interest expense relating to short sales, and expenses attributable to investment in other investment companies, interest, taxes, brokerage commissions and extraordinary expenses) would not exceed 1.25% for Class A, 1.75% for Class C, 1.00% for Class Y and 1.00% for Class P. The fund has agreed to repay UBS Global AM for any waived fees/reimbursed expenses (pursuant to item (2)) to the extent that it can do so over the following three fiscal years without causing the fund's expenses in any of those three years to exceed these expense caps.  The fee waiver/expense reimbursement agreement may be terminated by the fund's board at any time and also will terminate automatically upon the expiration or termination of the fund's advisory contract with UBS Global AM.  Upon termination of the agreement, however, UBS Global AM's three year recoupment rights will survive.

 

PACE® Alternative Strategies Investments

The fund and UBS Global AM have entered into a written fee waiver/expense reimbursement agreement pursuant to which UBS Global AM is contractually obligated to (1) waive its management fees through March 31, 2015 to the extent necessary to offset the cost savings to UBS Global AM for allocating a portion of the fund's assets to other unaffiliated pooled investment vehicles and index futures and (2) waive its management fees and/or reimburse expenses so that the fund's ordinary total operating expenses of each class through March 31, 2015 (excluding dividend expense, borrowing costs and interest expense relating to short sales, and expenses attributable to investment in other investment companies, interest, taxes, brokerage commissions and extraordinary expenses) would not exceed 1.88% for Class A, 2.63% for Class C, 1.63% for Class Y and 1.63% for Class P. The fund has agreed to repay UBS Global AM for any waived fees/reimbursed expenses (pursuant to item (2)) to the extent that it can do so over the following three fiscal years without causing the fund's expenses in any of those three years to exceed these expense caps. The fee waiver/expense reimbursement agreement may be terminated by the fund's board at any time and also will terminate automatically upon the expiration or termination of the fund's advisory contract with UBS Global AM. Upon termination of the agreement, however, UBS Global AM's three year recoupment rights will survive.

 

For the following PACE® Funds:

The funds and UBS Global AM have entered into a written fee waiver/expense reimbursement agreement pursuant to which UBS Global AM is contractually obligated to waive its management fees and/or reimburse expenses so that the fund's ordinary total operating expenses of each class through March 31, 2015 (excluding dividend expense, borrowing costs and interest expense relating to short sales, and expenses attributable to investment in other investment companies, interest, taxes, brokerage commissions and extraordinary expenses) would not exceed the percentages for each fund listed below. The funds listed below have agreed to repay UBS Global AM for any waived fees/reimbursed expenses to the extent that they can do so over the following three fiscal years without causing the funds' expenses in any of those three years to exceed the expense caps for each share class as detailed below.  The fee waiver/expense reimbursement agreement may be terminated by the fund's board at any time and also will terminate automatically upon the expiration or termination of the fund's advisory contract with UBS Global AM.  Upon termination of the agreement, however, UBS Global AM's three year recoupment rights will survive.

 

PACE® Intermediate Fixed Income Investments

0.93% for Class A, 1.43% for Class C, 0.68% for Class Y and 0.68% for Class P.

 

PACE® Strategic Fixed Income Investments

1.06% for Class A, 1.56% for Class C, 0.81% for Class Y and 0.81% for Class P.

 

PACE® Municipal Fixed Income Investments

0.90% for Class A, 1.40% for Class C, 0.65% for Class Y and 0.65% for Class P.

 

PACE® High Yield Investments

1.28% for Class A, 1.78% for Class C, 1.03% for Class Y and 1.03% for Class P.

 

PACE® Large Co Value Equity Investments

1.27% for Class A, 2.02% for Class C, 1.02% for Class Y and 1.02% for Class P.

 

PACE® Large Co Growth Equity Investments

1.30% for Class A, 2.05% for Class C, 1.05% for Class Y and 1.05% for Class P.

 

PACE® Small/Medium Co Value Equity Investments

1.41% for Class A, 2.16% for Class C, 1.16% for Class Y and 1.16% for Class P.

 

PACE® Small/Medium Co Growth Equity Investments

1.38% for Class A, 2.13% for Class C, 1.13%, for Class Y and 1.13% for Class P.

 

PACE® International Equity Investments

1.55% for Class A, 2.30% for Class C, 1.30% for Class Y and 1.30% for Class P.

 

PACE® International Emerging Markets Equity Investments

1.95% for Class A, 2.70% for Class C, 1.70% for Class Y and 1.70% for Class P.

 

PACE® Global Real Estate Securities Investments

1.45% for Class A, 2.20% for Class C, 1.20% for Class Y and 1.20% for Class P.

 

 

* Inception date of PACE® Alternative Strategies Investments - Class Y Shares is 04/03/06.  There were no Class Y shares outstanding for this fund from 07/27/06 until 07/22/08.  The inception return of the Class is calculated as of 07/23/08, which is the date since Class Y shares have been continuously outstanding.

 

** Inception date of PACE® Global Real Estate Securities Investments - Class Y Shares is 11/30/06. There were no Class Y shares outstanding for this fund from 02/16/07 until 12/25/08. The inception return of the Class is calculated as of 12/26/08, which is the date since Class Y shares have been continuously outstanding. 

 

Performance Considerations

Performance results assume the reinvestment of all dividends and capital gains, and are shown both with and without the effect of the maximum applicable sales charges. The investment return and principal value of an investment will fluctuate, and Fund shares, when redeemed may be worth more or less than their original cost. Accordingly, you can lose money investing in a Fund. Performance is historical and no guarantee of future results. Certain Funds were subject to certain fee waivers and/or expense reimbursements for certain reported periods. The performance of such Funds would have been lower if the Fund had borne all the expenses that were waived or reimbursed.

 

Sales Charge and Expenses

Class A shares: Maximum initial sales charge of 5.50% on equity Funds and asset allocation Funds (except for UBS Multi-Asset Income Fund, which has an initial sales charge of 4.50%) and 4.50% on fixed income Funds (except for UBS Municipal Bond Fund, which has an initial sales charge of 2.25%). Ongoing 12b-1 service fees. 1% CDSC for redemptions of purchases of $1 million or more made within one year.

 

Class C shares: 1% CDSC charged on the sale of shares within one year of the date of purchase for equity Funds and asset allocation Funds(except for UBS Multi-Asset Income Fund, which imposes a 0.75% CDSC on the sale of shares within one year of the date of purchase) and 0.75% CDSC charged on the sale of shares within one year of the date of purchase for fixed income Funds. Ongoing 12b-1 service and distribution fees.

 

Class Y shares of, the PACE Funds, are not subject to sales charges and are available for limited groups of eligible investors, including institutional investors.   Effective July 28, 2014, Class Y shares are no longer offered for The UBS Funds and the US Allocation Fund; Class Y shares of those Funds have been re-designated as Class "P" shares.

 

Class P shares held through the PACE Select Advisors Program are subject to a maximum Program fee of 2.50%, which, if included, would have reduced performance.  Class P shares held through other advisory programs also may be subject to a program fee, which, if included, would have reduced performance.  Please refer to each Fund's prospectus for further information on the eligibility to purchase Class P shares.

 

 

Investment Considerations

Investors should carefully read and consider a mutual Fund's investment objectives, risks, charges and expenses before investing. The prospectus contains this and other information about a mutual Fund. Contact your Financial Advisor, or UBS Global AM at 888-793 8637 for a current Fund prospectus.  

  

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