AlphaKeys Funds

* UBS AlphaKeys Funds UBS Funds Disclosure Statement under Rule 506(d) This brochure provides information about certain disciplinary matters relating to the AlphaKeys Funds and the UBS Funds (collectively, the Funds), our parent company UBS AG, UBS Fund Advisor LLC (the Funds' Member Designee, Managing Member or Administrator), UBS Financial Services, Inc. (the Funds' Distributor), as well as certain executive officers of those entities and other persons involved in the offering of the Funds. Additional information about UBS Fund Advisor LLC and UBS Financial Services, Inc. and their associated persons is also available on the SEC's website at www.adviserinfo.sec.gov. This brochure is current as of September 20, 2013 and is subject to change. ML281837-MAXWELL Page I of 4 CONFIDENTIAL UBSTERRAMAR00001132 EFTA00236788 Disclosure Statement under Rule 506(d) 1)85 Fund Advisor LLC (Member Designee, Managing Member, Administrator) 1. Date of Action: Jan. 9, 2009 Brought B