[Federal Register Volume 88, Number 135 (Monday, July 17, 2023)]
[Notices]
[Page 45452]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-15063]



[[Page 45452]]

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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34960; File No. 812-15465]


PACE Select Advisors Trust, et al.

July 12, 2023.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice.

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    Notice of an application under Section 6(c) of the Investment 
Company Act of 1940 (``Act'') for an exemption from Section 15(c) of 
the Act.

SUMMARY OF APPLICATION: The requested exemption would permit a Trust's 
board of trustees to approve new sub-advisory agreements and material 
amendments to existing sub-advisory agreements without complying with 
the in-person meeting requirement of Section 15(c) of the Act.

APPLICANTS: PACE Select Advisors Trust, UBS Series Funds, The UBS 
Funds, U.S. Monthly Income Fund For Puerto Rico Residents, Inc., Short 
Term Investment Fund For Puerto Rico Residents, Inc., Multi-Select 
Securities Fund For Puerto Rico Residents, UBS Asset Management 
(Americas) Inc., and UBS Asset Managers of Puerto Rico, a division of 
UBS Trust Company of Puerto Rico.

FILING DATES: The application was filed on May 10, 2023, and amended on 
June 23, 2023.

HEARING OR NOTIFICATION OF HEARING: An order granting the requested 
relief will be issued unless the Commission orders a hearing. 
Interested persons may request a hearing on any application by emailing 
the SEC's Secretary at [email protected] and serving the 
Applicants with a copy of the request by email, if an email address is 
listed for the relevant Applicant below, or personally or by mail, if a 
physical address is listed for the relevant Applicant below. Hearing 
requests should be received by the Commission by 5:30 p.m. on August 7, 
2023, and should be accompanied by proof of service on the Applicants, 
in the form of an affidavit or, for lawyers, a certificate of service. 
Pursuant to rule 0-5 under the Act, hearing requests should state the 
nature of the writer's interest, any facts bearing upon the 
desirability of a hearing on the matter, the reason for the request, 
and the issues contested. Persons who wish to be notified of a hearing 
may request notification by emailing the Commission's Secretary.

ADDRESSES: The Commission: [email protected]. Applicant: Keith 
A. Weller, Esq., UBS Asset Management (Americas) Inc., One North Wacker 
Drive, Chicago, Illinois 60606; with copies to: Stephen H. Bier, Esq. 
and Philip T. Hinkle, Esq., Dechert LLP, Three Bryant Park, 1095 Avenue 
of the Americas, New York, New York 10036.

FOR FURTHER INFORMATION CONTACT: Trace W. Rakestraw, Senior Special 
Counsel, at (202) 551-6825 (Division of Investment Management, Chief 
Counsel's Office).

SUPPLEMENTARY INFORMATION: For Applicants' representations, legal 
analysis, and conditions, please refer to Applicants' amended 
application, dated June 23, 2023, which may be obtained via the 
Commission's website by searching for the file number at the top of 
this document, or for an Applicant using the Company name search field, 
on the SEC's EDGAR system.
    The SEC's EDGAR system may be searched at http://www.sec.gov/edgar/searchedgar/legacy/companysearch.html. You may also call the SEC's 
Public Reference Room at (202) 551-8090.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2023-15063 Filed 7-14-23; 8:45 am]
BILLING CODE 8011-01-P