0001104659-18-042574.txt : 20180627 0001104659-18-042574.hdr.sgml : 20180627 20180627155242 ACCESSION NUMBER: 0001104659-18-042574 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20180627 DATE AS OF CHANGE: 20180627 EFFECTIVENESS DATE: 20180627 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PACE SELECT ADVISORS TRUST CENTRAL INDEX KEY: 0000930007 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-87254 FILM NUMBER: 18921774 BUSINESS ADDRESS: STREET 1: C/O UBS ASSET MANAGEMENT (AMERICAS) INC. STREET 2: 12TH FLOOR 1285 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-821-3000 MAIL ADDRESS: STREET 1: C/O UBS ASSET MANAGEMENT (AMERICAS) INC. STREET 2: 12TH FLOOR 1285 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: UBS PACE SELECT ADVISORS TRUST DATE OF NAME CHANGE: 20020716 FORMER COMPANY: FORMER CONFORMED NAME: PAINEWEBBER PACE SELECT ADVISORS TRUST DATE OF NAME CHANGE: 19980212 FORMER COMPANY: FORMER CONFORMED NAME: MANAGED ACCOUNTS SERVICES PORTFOLIO TRUST DATE OF NAME CHANGE: 19941212 0000930007 S000002696 PACE Mortgage-Backed Securities Fixed Income Investments C000007349 Class P PCGTX C000007350 Class A PFXAX C000007352 Class C PFXCX C000007353 Class Y PFXYX 0000930007 S000002697 PACE Intermediate Fixed Income Investments C000007354 Class P PCIFX C000007355 Class A PIFAX C000007357 Class C PIICX C000007358 Class Y PIFYX 0000930007 S000002698 PACE Strategic Fixed Income Investments C000007359 Class P PCSIX C000007360 Class A PBNAX C000007362 Class C PBNCX C000007363 Class Y PSFYX 0000930007 S000002699 PACE Municipal Fixed Income Investments C000007364 Class P PCMNX C000007365 Class A PMUAX C000007367 Class C PMUCX C000007368 Class Y PMUYX 0000930007 S000002700 PACE Global Fixed Income Investments C000007369 Class P PCGLX C000007370 CLASS A PWFAX C000007372 CLASS C PWFCX C000007373 CLASS Y PWFYX 0000930007 S000002971 PACE Large Co Value Equity Investments C000008144 Class P PCLVX C000008145 CLASS A PCPAX C000008147 CLASS C PLVCX C000008148 CLASS Y PLVYX 0000930007 S000002972 PACE Large Co Growth Equity Investments C000008149 Class P PCLCX C000008150 CLASS A PLAAX C000008152 CLASS C PLACX C000008153 CLASS Y PLAYX 0000930007 S000002973 PACE Small/Medium Co Value Equity Investments C000008154 Class P PCSVX C000008155 CLASS A PEVAX C000008157 CLASS C PEVCX C000008158 CLASS Y PVEYX 0000930007 S000002974 PACE Small/Medium Co Growth Equity Investments C000008159 Class P PCSGX C000008160 CLASS A PQUAX C000008162 CLASS C PUMCX C000008163 CLASS Y PUMYX 0000930007 S000002975 PACE International Equity Investments C000008164 Class P PCIEX C000008165 CLASS A PWGAX C000008167 CLASS C PWGCX C000008168 CLASS Y PWIYX 0000930007 S000002976 PACE International Emerging Markets Equity Investments C000008169 Class P PCEMX C000008170 CLASS A PWEAX C000008172 CLASS C PWECX C000008173 CLASS Y PWEYX 0000930007 S000006015 PACE High Yield Investments C000016533 Class A PHIAX C000016535 Class C PHYCX C000016536 Class Y PHDYX C000016537 Class P PHYPX 0000930007 S000006034 PACE Global Real Estate Securities Investments C000016586 Class A PREAX C000016588 Class C PREEX C000016589 Class Y PREYX C000016590 Class P PREQX 0000930007 S000006035 PACE Alternative Strategies Investments C000016591 Class A PASIX C000016593 Class C PASOX C000016594 Class Y PASYX C000016595 Class P PASPX 497 1 a18-14965_1497.htm 497

PACE® Select Advisors Trust

June 27, 2018

Supplement to the prospectuses relating to Class A, Class C and Class Y shares and Class P shares (collectively, the "Prospectuses") and the Statement of Additional Information ("SAI"), each dated November 28, 2017, as supplemented.

Includes:

•  PACE® Mortgage-Backed Securities Fixed Income Investments

•  PACE® Intermediate Fixed Income Investments

•  PACE® Strategic Fixed Income Investments

•  PACE® Municipal Fixed Income Investments

•  PACE® Global Fixed Income Investments

•  PACE® High Yield Investments

•  PACE® Large Co Value Equity Investments

•  PACE® Large Co Growth Equity Investments

•  PACE® Small/Medium Co Value Equity Investments

•  PACE® Small/Medium Co Growth Equity Investments

•  PACE® International Equity Investments

•  PACE® International Emerging Markets Equity Investments

•  PACE® Global Real Estate Securities Investments

•  PACE® Alternative Strategies Investments

Dear Investor,

The purpose of this supplement is to update information regarding certain series (the "funds") of PACE Select Advisors Trust (the "Trust").

At the recommendation of UBS Asset Management (Americas) Inc., the funds' manager, the Board of Trustees of the Trust approved the closure of Class C shares of the funds and the automatic conversion of Class C shares of each fund into Class A shares of the same fund. Effective on or about July 12, 2018 (the "Closure Date"), the funds will cease offering Class C shares. New or additional investments into Class C shares, including investments through an automatic investment plan, will not be permitted after the Closure Date.

Effective on or about October 12, 2018 (the "Conversion Date"), all outstanding Class C shares of the funds will be automatically converted into Class A shares of the funds. From the Closure Date to the Conversion Date (the "Conversion Period"), 12b-1 distribution fees (currently 0.50% of average net assets for fixed income funds and 0.75% of average net assets for equity funds) and any contingent deferred sales charges applicable to Class C shares will be waived; 12b-1 service fees (currently, 0.25% of average net assets for each fund) will continue to be

ZS-959


assessed. During the Conversion Period, automatic reinvestment of Class C share dividends and capital gain distributions will continue and existing shareholders may exchange their Class C shares of the funds for Class C shares of other UBS Family Funds (as defined in the Prospectuses), as permitted by existing exchange privileges. Upon the conversion of Class C shares into Class A shares, each Class C shareholder will own Class A shares having an aggregate value equal to the aggregate value of Class C shares held by that shareholder as of the close of business on the Conversion Date. Any deferred sales charges applicable to Class C shares will be waived in connection with the conversion to Class A shares, and the 12b-1 service fee currently applicable to Class A shares will then apply to the converted shares. It is anticipated that the conversion of Class C shares into Class A shares will be tax-free for fund shareholders.

The conversion will occur without any action being necessary from shareholders.

Accordingly, effective on or about the Conversion Date, all references to Class C shares of the funds in the Prospectuses and the SAI are hereby deleted.

PLEASE BE SURE TO RETAIN THIS IMPORTANT INFORMATION FOR FUTURE REFERENCE.


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