For period
ending
January 31,
2017
Exhibit 77Q1
File number
811-8764
Amendment 1 to
Sub-Advisory Agreement
Dated as of June 5, 2014
THIS AMENDMENT is made as of September 28, 2016
between UBS ASSET MANAGEMENT (AMERICAS) INC.
("UBS AM"), a Delaware Corporation and Barings LLC
("Sub-Adviser"), a Delaware limited liability company (the
Amendment).
WHEREAS, the UBS AM (f/k/a UBS Global Asset
Management (Americas) Inc.) and Babson Capital
Management LLC have entered into a Sub-Advisory
Agreement dated as of June 5, 2014; and
WHEREAS, PACE Intermediate Fixed Income Investments
(the "Portfolio") is a series of the Trust; and
WHEREAS, UBS Global Asset Management (Americas) Inc.
is now known as UBS Asset Management (Americas) Inc.;
and
WHEREAS, Babson Capital Management LLC has changed
its name and is now known as Barings LLC;
NOW THEREFORE,
1. effective immediately all references to UBS Global
Asset Management (Americas) Inc. are hereby changed to
UBS Asset Management (Americas) Inc.; and
2. effective September 12, 2016 all references to Babson
Capital Management LLC are hereby changed to Barings
LLC.
Except as modified and amended hereby, the Agreement
is hereby ratified and confirmed in full force and effect in
accordance with its terms.
IN WITNESS WHEREOF; the parties hereto have caused
this instrument to be executed by their officers designated
below as of the day and year first above written.
Attest: UBS Asset Management (Americas) Inc.
/s/Xxxx Xxxxxxx /s/Xxxxxxx XxxXxxxxx
Name: Xxxx Xxxxxxx Name: Xxxxxxx XxxXxxxxx
Title: Director Title: Executive Director
Attest: Barings LLC
/s/Xxxxxxx Xxxxxx /s/Xxxxxx Xxxxxxxxx
Name: Xxxxxxx Xxxxxx Name: Xxxxxx Xxxxxxxxx
Title: Managing Director Title: Managing Director
