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PACE Select Advisors Trust Prospectus Class A Y Shares
PACE Select Advisors Trust Prospectus Class P Shares
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PACE Select Advisors Trust Prospectus Class A Y Shares
PACE Select Advisors Trust Prospectus Class P Shares
Principal Strategies / Principal Risks / Performance
PACE Select Advisors Trust Prospectus Class A Y Shares
PACE Select Advisors Trust Prospectus Class P Shares
PACE Select Advisors Trust Statement of Additional Information
PACE Select Advisors Trust Semiannual Report
PACE Select Advisors Trust Annual Report
Investment Advisor / Portfolio Manager
PACE Select Advisors Trust Prospectus Class A Y Shares
PACE Select Advisors Trust Prospectus Class P Shares
PACE Select Advisors Trust Statement of Additional Information
PACE Select Advisors Trust Semiannual Report
PACE Select Advisors Trust Annual Report
Purchase and Sale of Shares
PACE Select Advisors Trust Prospectus Class A Y Shares
PACE Select Advisors Trust Prospectus Class P Shares
PACE Select Advisors Trust Statement of Additional Information
Tax Information
PACE Select Advisors Trust Prospectus Class A Y Shares
PACE Select Advisors Trust Prospectus Class P Shares
PACE Select Advisors Trust Statement of Additional Information
PACE Select Advisors Trust Semiannual Report
PACE Select Advisors Trust Annual Report
Payments to Financial Intermediaries
PACE Select Advisors Trust Prospectus Class A Y Shares
PACE Select Advisors Trust Prospectus Class P Shares
PACE Select Advisors Trust Statement of Additional Information
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PACE Alternative Strategies Investments Summary Prospectus Class A, Y Shares
Investment Objective
PACE Alternative Strategies Investments Summary Prospectus Class A, Y Shares
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PACE Select Advisors Trust Prospectus Class A Y Shares
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PACE Select Advisors Trust Prospectus Class A Y Shares
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PACE Select Advisors Trust Prospectus Class P Shares
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PACE Select Advisors Trust Prospectus Class P Shares
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Fees and Expenses
PACE Alternative Strategies Investments Summary Prospectus Class A, Y Shares
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PACE Select Advisors Trust Prospectus Class A Y Shares
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PACE Select Advisors Trust Prospectus Class P Shares
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Principal Strategies / Principal Risks / Performance
PACE Alternative Strategies Investments Summary Prospectus Class A, Y Shares
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PACE Select Advisors Trust Prospectus Class A Y Shares
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PACE Select Advisors Trust Prospectus Class A Y Shares
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PACE Select Advisors Trust Prospectus Class P Shares
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PACE Select Advisors Trust Prospectus Class P Shares
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PACE Select Advisors Trust Statement of Additional Information
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PACE Select Advisors Trust Statement of Additional Information
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PACE Select Advisors Trust Semiannual Report
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PACE Select Advisors Trust Annual Report
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Investment Advisor / Portfolio Manager
PACE Alternative Strategies Investments Summary Prospectus Class A, Y Shares
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PACE Select Advisors Trust Prospectus Class A Y Shares
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PACE Select Advisors Trust Prospectus Class A Y Shares
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PACE Select Advisors Trust Prospectus Class P Shares
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PACE Select Advisors Trust Prospectus Class P Shares
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PACE Select Advisors Trust Statement of Additional Information
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PACE Select Advisors Trust Semiannual Report
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PACE Select Advisors Trust Annual Report
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Purchase and Sale of Shares
PACE Alternative Strategies Investments Summary Prospectus Class A, Y Shares
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PACE Select Advisors Trust Prospectus Class A Y Shares
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PACE Select Advisors Trust Prospectus Class A Y Shares
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PACE Select Advisors Trust Prospectus Class P Shares
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PACE Select Advisors Trust Prospectus Class P Shares
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PACE Select Advisors Trust Statement of Additional Information
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Tax Information
PACE Alternative Strategies Investments Summary Prospectus Class A, Y Shares
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PACE Select Advisors Trust Prospectus Class A Y Shares
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PACE Select Advisors Trust Prospectus Class A Y Shares
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PACE Select Advisors Trust Prospectus Class P Shares
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PACE Select Advisors Trust Prospectus Class P Shares
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PACE Select Advisors Trust Statement of Additional Information
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PACE Select Advisors Trust Semiannual Report
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PACE Select Advisors Trust Annual Report
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Payments to Financial Intermediaries
PACE Alternative Strategies Investments Summary Prospectus Class A, Y Shares
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PACE Select Advisors Trust Prospectus Class A Y Shares
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PACE Select Advisors Trust Prospectus Class A Y Shares
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PACE Select Advisors Trust Prospectus Class P Shares
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PACE Select Advisors Trust Prospectus Class P Shares
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PACE Select Advisors Trust Statement of Additional Information
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PACE Select Advisors Trust Statement of Additional Information
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PACE Select Advisors Trust Statement of Additional Information
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Supplement to the prospectuses (each, a “Prospectus” and together, the “Prospectuses”) and Statements of Additional Information (each, an “SAI” and together, the “SAIs”) referenced on the reverse, as may have been supplemented
PACE Alternative Strategies Investments Summary Prospectus | November 28, 2023
Investment objective
Fees and expenses of the fund
Example
Portfolio turnover
Principal strategies
Principal risks
Performance
Purchase & sale of fund shares
Tax information
Payments to broker-dealers and other fnancial intermediaries
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PACE Select Advisors Trust Prospectus Class A Y Shares
PACE® Select Advisors Trust Supplement to the prospectuses dated March 28, 2024
PACE® Select Advisors Trust Supplement to the prospectuses dated March 4, 2024
PACE® Select Advisors Trust Supplement to the prospectuses dated January 5, 2024
PACE® Select Advisors Trust Supplement to the prospectuses dated December 20, 2023
PACE® Select Advisors Trust Prospectus | November 28, 2023
Contents
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
PACE Mortgage-Backed Securities Fixed Income Investments
Investment objective and principal strategies
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
Additional information about investment objectives, principal risks and investment strategies
Managing your fund account
Flexible pricing
Buying shares
Selling shares
Exchanging shares
Transfer agent
Additional information about your account
Market timing
Pricing and valuation
Management
Other information
Dividends and taxes
Disclosure of portfolio holdings
Financial highlights
Appendix A
UBS family of funds privacy notice
Business continuity planning overview
Back Cover
PACE Select Advisors Trust Prospectus Class P Shares
PagePACE® Select Advisors Trust Supplement to the prospectuses dated March 28, 2024 1
PACE® Select Advisors Trust Supplement to the prospectuses dated March 4, 2024
PACE® Select Advisors Trust Supplement to the prospectuses dated January 5, 2024
PACE® Select Advisors Trust Supplement to the prospectuses dated December 20, 2023
PACE® Select Advisors Trust Prospectus | November 28, 2023
Contents
UBS Government Money Market Investments Fund
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
UBS Government Money Market Investments Fund
Investment objective and principal strategies
Investment objective and principal strategies
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
Additional information about investment objectives, principal risks and investment strategies
Managing your fund account
Buying Shares
The PACES(SM) Select Advisors Program
Selling shares
Additional information about your account
Market timing
Pricing and valuation
Management
Other information
Dividends and taxes
Disclosure of portfolio holdings and other information
Financial highlights
Appendix A
Where to learn more about the funds
Back cover
PACE Select Advisors Trust Statement of Additional Information
PACE® Select Advisors Trust Supplement to the SAI dated March 28, 2024
PACE® Select Advisors Trust Supplement to the SAI dated March 4, 2024
PACE®Select Advisors Trust Supplement to the SAI dated January 5, 2024
PACE® Select Advisors Trust Supplement to the SAI dated December 20, 2023
PACE® Select Advisors Trust Statement of Additional Information | November 28, 2023
Table of contents
The funds and their investment policies
The funds’ investments, related risks and limitations
Strategies using derivative instruments
Disclosure of portfolio holdings
Organization of the trust; trustees and officers; principal holders and management ownership of securities
Investment management, administration and principal underwriting arrangements
Portfolio managers
Portfolio transactions
Reduced sales charges, additional purchase, exchange and redemption information and other services
Valuation of shares
Taxes
Potential conflicts of interest
Other information
Financial statements
Appendix
Back Cover
PACE Select Advisors Trust Semiannual Report
PACE® Select Advisors Trust
Table of contents
Introduction
UBS Government Money Market Investments Fund
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
Glossary of terms used in the Portfolio of investments
Understanding your Portfolio’s expenses
Statement of assets and liabilities
Statement of operations
Statement of changes in net assets
Statement of cash flows
UBS Government Money Market Investments Fund Financial highlights
PACE Mortgage-Backed Securities Fixed Income Investments Financial highlights
PACE Intermediate Fixed Income Investments Financial highlights
PACE Strategic Fixed Income Investments Financial highlights
PACE Municipal Fixed Income Investments Financial highlights
PACE Global Fixed Income Investments Financial highlights
PACE High Yield Investments Financial highlights
PACE Large Co Value Equity Investments Financial highlights
PACE Large Co Growth Equity Investments Financial highlights
PACE Small/Medium Co Value Equity Investments Financial highlights
PACE Small/Medium Co Growth Equity Investments Financial highlights
PACE International Equity Investments Financial highlights
PACE International Emerging Markets Equity Investments Financial highlights
PACE Global Real Estate Securities Investments Financial highlights
PACE Alternative Strategies Investments Financial highlights
Notes to financial statements
General information
Board approvals of sub-advisory agreements
PACE Select Advisors Trust Annual Report
PACE® Select Advisors Trust Annual Report
Introduction
UBS Government Money Market Investments Fund
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
Glossary of Terms used in the Portfolio of investments
Understanding your Portfolio’s expenses
Statement of assets and liabilities
Statement of operations
Statement of changes in net assets
Statement of cash flows
Financial highlights
Notes to financial statements
Report of independent registered public accounting firm
Tax information
General information
Board approvals of investment management and administration agreement and subadvisory agreements
Supplemental information, trustees and officers
Back Cover
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