XML 68 R169.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
ProspectusDate rr_ProspectusDate Nov. 28, 2011
PACE Large Co Value Equity Investments (Second Prospectus Summary) | PACE Large Co Value Equity Investments
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return, Heading rr_RiskReturnHeading PACE Large Co Value Equity Investments
Investment Objective, Heading rr_ObjectiveHeading Investment objective
investment Objective, Primary rr_ObjectivePrimaryTextBlock
Capital appreciation and dividend income.
Expense, Heading rr_ExpenseHeading Fees and expenses of the fund
Expense, Narrative rr_ExpenseNarrativeTextBlock
These tables describe the fees and expenses that you may pay if you buy and hold
shares of the fund.
Shareholder Fees, Caption rr_ShareholderFeesCaption Shareholder fees (fees paid directly from your investment)
Operating Expenses, Caption rr_OperatingExpensesCaption Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover, Heading rr_PortfolioTurnoverHeading Portfolio turnover
Portfolio Turnover rr_PortfolioTurnoverTextBlock
The fund pays transaction costs, such as commissions, when it buys and sells
securities (or "turns over" its portfolio). A higher portfolio turnover rate may
indicate higher transaction costs and may result in higher taxes when fund
shares are held in a taxable account. These costs, which are not reflected in
annual fund operating expenses or in the example, affect the fund's performance.
During the most recent fiscal year, the fund's portfolio turnover rate was 49%
of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 49.00%
Expense Example, Heading rr_ExpenseExampleHeading Example
Expense Example, Narrative rr_ExpenseExampleNarrativeTextBlock
This example is intended to help you compare the cost of investing in the fund
with the cost of investing in other mutual funds. The example assumes that you
invest $10,000 in the fund for the time periods indicated and then redeem all of
your shares at the end of those periods. The example also assumes that your
investment has a 5% return each year and that the fund's operating expenses
remain the same.

Although your actual costs may be higher or lower, based on these assumptions
your costs would be:
Investment Strategy, Heading rr_StrategyHeading Principal strategies
Investment Strategy, Narrative rr_StrategyNarrativeTextBlock
Principal investments

The fund invests primarily in stocks of US companies that are believed to be
undervalued. Under normal circumstances, the fund invests at least 80% of its
net assets (plus the amount of any borrowing for investment purposes) in equity
securities issued by large capitalization companies (that is, companies with a
total market capitalization of $3.0 billion or greater at the time of purchase).
The fund seeks income primarily from dividend paying stocks.

The fund may invest, to a lesser extent, in other securities, such as securities
convertible into stocks, initial public offerings (IPOs) and stocks of companies
with smaller total market capitalizations. The fund may invest up to 20% of its
total assets in non-US securities, which may trade either within or outside the
US.

Management process

The fund's manager, UBS Global Asset Management (Americas) Inc. ("UBS Global
AM"), selects investment advisors for the fund, subject to approval of the
fund's board. Institutional Capital LLC ("ICAP"), Westwood Management Corp.
("Westwood") and Pzena Investment Management, LLC ("Pzena") currently serve as
the fund's investment advisors. The relative value of each investment advisor's
share of the fund's assets may change over time.

ICAP's investment process involves the use of its proprietary valuation model to
identify large capitalization companies that it believes offer the best relative
values, and ICAP seeks to avoid companies that are exhibiting excessive
deterioration in earnings trends. ICAP focuses on what it believes are the key
investment variables (catalysts) that could potentially impact the security's
market value. These catalysts are primarily company specific, such as a new
product, restructuring or change in management, but occasionally the catalyst
can be thematic (e.g., dependent on macroeconomic or industry trends). After a
review of stock recommendations, ICAP's portfolio management team determines
whether to add the stock to the portfolio or to monitor it for future purchase.
ICAP continuously monitors each security and evaluates whether to eliminate it
when its price target is achieved, the catalyst becomes inoperative or another
stock offers a greater opportunity.

Westwood's strategy utilizes a value style of investing in which it chooses
common stocks that it believes are currently undervalued in the market. Other
key metrics for evaluating the risk/return profile of an investment include an
improving return on equity, a declining debt/equity ratio and, in the case of
common equities, positive earnings surprises without a corresponding increase in
Wall Street estimates. Westwood has disciplines in place that serve as sell
signals, such as a security reaching a predetermined price target or a change to
a company's fundamentals that negatively impacts the original investment thesis.

Pzena's strategy follows a disciplined investment process to implement its value
philosophy, by focusing exclusively on companies that are underperforming their
historically demonstrated earnings power. Pzena applies intensive fundamental
research to these companies in an effort to determine whether such
underperformance is temporary or permanent. Pzena looks for companies where: (1)
the current valuation is low compared to the company's normalized earnings
power; (2) current earnings are below historic norms; (3) the problems are
temporary; (4) management has a viable strategy to generate earnings recovery;
and (5) there is meaningful downside protection in case the earnings recovery
does not materialize.
Risk, Heading rr_RiskHeading Principal risks
Risk, Narrative rr_RiskNarrativeTextBlock
All investments carry a certain amount of risk and the fund cannot guarantee
that it will achieve its investment objective. You may lose money by investing
in the fund. An investment in the fund is not a deposit of a bank and is not
insured or guaranteed by the Federal Deposit Insurance Corporation or any other
government agency. The principal risks presented by an investment in the fund
are:

Equity risk: Stocks and other equity securities, and securities convertible into
stocks, generally fluctuate in value more than bonds. The fund could lose all of
its investment in a company's stock.

Limited capitalization risk: The risk that securities of smaller capitalization
companies tend to be more volatile and less liquid than securities of larger
capitalization companies. This can have a disproportionate effect on the market
price of smaller capitalization companies and affect the fund's ability to
purchase or sell these securities. In general, smaller capitalization companies
are more vulnerable than larger companies to adverse business or economic
developments and they may have more limited resources.

Market risk: The risk that the market value of the fund's investments may
fluctuate, sometimes rapidly or unpredictably, as the stock and bond markets
fluctuate. Market risk may affect a single issuer, industry, or sector of the
economy, or it may affect the market as a whole.

Foreign investing risk: The value of the fund's investments in foreign
securities may fall due to adverse political, social and economic developments
abroad and due to decreases in foreign currency values relative to the US
dollar. Investments in foreign government bonds involve special risks because
the fund may have limited legal recourse in the event of default. Also, foreign
securities are sometimes less liquid and more difficult to sell and to value
than securities of US issuers. These risks are greater for investments in
emerging market issuers. In addition, investments in emerging market issuers may
decline in value because of unfavorable foreign government actions, greater
risks of political instability or the absence of accurate information about
emerging market issuers.

Initial public offerings risk: The purchase of shares issued in IPOs may expose
the fund to the risks associated with issuers that have no operating history as
public companies, as well as to the risks associated with the sectors of the
market in which the issuer operates. The market for IPO shares may be volatile,
and share prices of newly-public companies may fluctuate significantly over a
short period of time.

Management risk: The risk that the investment strategies, techniques and risk
analyses employed by an investment advisor may not produce the desired results.
Risk, Lose Money rr_RiskLoseMoney You may lose money by investing in the fund.
Risk, Not Insured Depository Institution rr_RiskNotInsuredDepositoryInstitution An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table, Heading rr_BarChartAndPerformanceTableHeading Performance
Performance, Narrative rr_PerformanceNarrativeTextBlock
Risk/return bar chart and table

The performance information that follows shows the fund's performance
information in a bar chart and an average annual total returns table. The bar
chart does not reflect the maximum annual PACE Select Advisors Program fee; if
it did, the total returns shown would be lower. The information provides some
indication of the risks of investing in the fund by showing changes in the
fund's performance from year to year and by showing how the fund's average
annual total returns compare with those of a broad measure of market
performance. The fund's past performance (before and after taxes) is not
necessarily an indication of how the fund will perform in the future. This may
be particularly true given that other investment advisors were responsible for
managing portions of the fund's assets during previous periods. ICAP and
Westwood each assumed day-to-day management of a separate portion of the fund's
assets on July 1, 2000. Pzena assumed day-to-day management of another portion
of the fund's assets on May 27, 2008. Updated performance for the fund is
available at http://globalam-us.ubs.com/corpweb/performance.do.

After-tax returns are calculated using the historical highest individual federal
marginal income tax rates and do not reflect the impact of state and local
taxes. Actual after-tax returns depend on an investor's tax situation and may
differ from those shown. In addition, the after-tax returns shown are not
relevant to investors who hold fund shares through tax-deferred arrangements,
such as 401(k) plans or individual retirement accounts.
Performance, Information Illustrates Variability of Returns rr_PerformanceInformationIllustratesVariabilityOfReturns The performance information that follows shows the fund's performance information in a bar chart and an average annual total returns table.
Performance, Availability Website Address rr_PerformanceAvailabilityWebSiteAddress http://globalam-us.ubs.com/corpweb/performance.do
Performance, Past Does Not Indicate Future rr_PerformancePastDoesNotIndicateFuture The fund's past performance (before and after taxes) is not necessarily an indication of how the fund will perform in the future.
Bar Chart, Heading rr_BarChartHeading PACE Large Co Value Equity Investments Annual Total Returns of Class P Shares
Bar Chart, Does Not Reflect Sales Loads rr_BarChartDoesNotReflectSalesLoads The bar chart does not reflect the maximum annual PACE Select Advisors Program fee; if it did, the total returns shown would be lower.
Bar Chart, Closing rr_BarChartClosingTextBlock
Total return January 1 - September 30, 2011: (13.56)%
Best quarter during calendar years shown-2nd Q 2009: 18.50%
Worst quarter during calendar years shown-4th Q 2008: (22.58)%
Index No Deduction for Fees, Expenses, Taxes rr_IndexNoDeductionForFeesExpensesTaxes Index reflects no deduction for fees, expenses or taxes.
Performance Table, Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table, Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred In addition, the after-tax returns shown are not relevant to investors who hold fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table, One Class of after Tax Shown rr_PerformanceTableOneClassOfAfterTaxShown Actual after-tax returns depend on an investor's tax situation and may differ from those shown.
Average Annual Returns, Caption rr_AverageAnnualReturnCaption Average annual total returns (for the periods ended December 31, 2010)
PACE Large Co Value Equity Investments (Second Prospectus Summary) | PACE Large Co Value Equity Investments | Class P
 
Risk/Return: rr_RiskReturnAbstract  
Year to Date Return, Label rr_YearToDateReturnLabel Total return January 1 - September 30, 2011:
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2011
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn (13.56%)
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best quarter during calendar years shown-2nd Q 2009:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 18.50%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst quarter during calendar years shown-4th Q 2008:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (22.58%)
PACE Large Co Value Equity Investments | Russell 1000 Value Index
 
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, Label rr_AverageAnnualReturnLabel Russell 1000 Value Index (Index reflects no deduction for fees, expenses or taxes.)
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 15.51%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 1.28%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 3.26%
PACE Large Co Value Equity Investments | Class P
 
Risk/Return: rr_RiskReturnAbstract  
Maximum front-end sales charge (load) imposed on purchases (as a % of the offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a % of the offering price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Redemption fee (as a % of the amount redeemed within 90 days of purchase, if applicable) rr_RedemptionFeeOverRedemption (1.00%)
Maximum annual account fee for PACE Select Advisors Program (as a % of average value of shares held on the last calendar day of the previous quarter) rr_MaximumAccountFeeOverAssets 2.00%
Management fees rr_ManagementFeesOverAssets 0.65%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses (includes administration fee of 0.10%) rr_OtherExpensesOverAssets 0.28%
Total annual fund operating expenses rr_ExpensesOverAssets 0.93%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 296
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 907
Expense Example, With Redemption, 5 Years rr_ExpenseExampleYear05 1,543
Expense Example, With Redemption, 10 Years rr_ExpenseExampleYear10 3,252
Annual Return 2001 rr_AnnualReturn2001 (3.89%)
Annual Return 2002 rr_AnnualReturn2002 (16.84%)
Annual Return 2003 rr_AnnualReturn2003 26.98%
Annual Return 2004 rr_AnnualReturn2004 13.13%
Annual Return 2005 rr_AnnualReturn2005 10.66%
Annual Return 2006 rr_AnnualReturn2006 18.95%
Annual Return 2007 rr_AnnualReturn2007 4.63%
Annual Return 2008 rr_AnnualReturn2008 (39.85%)
Annual Return 2009 rr_AnnualReturn2009 27.21%
Annual Return 2010 rr_AnnualReturn2010 15.39%
Average Annual Returns, Label rr_AverageAnnualReturnLabel Class P Return before taxes
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 13.10%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 (0.12%)
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 1.34%
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Aug. 24, 1995
PACE Large Co Value Equity Investments | Class P | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, Label rr_AverageAnnualReturnLabel Class P Return after taxes on distributions
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 12.92%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 (1.20%)
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 0.62%
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Aug. 24, 1995
PACE Large Co Value Equity Investments | Class P | After Taxes on Distributions and Sales
 
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, Label rr_AverageAnnualReturnLabel Class P Return after taxes on distributions and sale of fund shares
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 8.75%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 (0.22%)
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 1.03%
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Aug. 24, 1995