Amendment to Investment Management and Administration Agreement Dated as of August 1, 2022
Exhibit 99.(4)(a)(4)
Amendment to
Investment Management and Administration Agreement
Dated as of August 1, 2022
THIS AMENDMENT is made as of August 1, 2022 between PACE SELECT ADVISORS TRUST, a Delaware statutory trust (“Trust”), and UBS ASSET MANAGEMENT (AMERICAS) INC. (formerly known as UBS Global Asset Management (Americas) Inc.) (“UBS AM”), a Delaware corporation registered as an investment adviser under the Investment Advisers Act of 1940, as amended (“Advisers Act”).
WHEREAS, the Trust and UBS AM have entered into an Investment Management and Administration Agreement dated as of August 1, 2008, as may be amended from time to time; and
WHEREAS, each of PACE Mortgage-Backed Securities Fixed Income Investments, PACE Strategic Fixed Income Investments, PACE Municipal Fixed Income Investments, PACE Global Fixed Income Investments, PACE High Yield Investments and PACE International Emerging Markets Equity Investments (each, a “Fund” and collectively, the “Funds”) is a series of the Trust; and
WHEREAS, the Trust’s Board of Trustees has approved reductions in the advisory fee for each Fund as set forth in the amended Schedule Ito the Agreement below;
NOW THEREFORE, Schedule Ito the Agreement is hereby amended as follows:
The section of Schedule I pertaining to each Fund is deleted in its entirety and replaced with the following:
PACE Mortgage-Backed Securities Fixed Income Investments
| Assets under management | Fee | |||
| $0 – $250 million | 0.450 | % | ||
| Above $250 million up to $500 million | 0.400 | % | ||
| Above $500 million up to $750 million | 0.375 | % | ||
| Above $750 million up to $1 billion | 0.350 | % | ||
| Above $1 billion | 0.325 | % | ||
PACE Strategic Fixed Income Investments
| Assets under management | Fee | |||
| $0 – $250 million | 0.450 | % | ||
| Above $250 million up to $500 million | 0.400 | % | ||
| Above $500 million up to $750 million | 0.375 | % | ||
| Above $750 million up to $1 billion | 0.350 | % | ||
| Above $1 billion up to $1.25 billion | 0.325 | % | ||
| Above $1.25 billion | 0.300 | % | ||
PACE Municipal Fixed Income Investments
| Assets under management | Fee | |||
| $0 – $250 million | 0.400 | % | ||
| Above $250 million up to $500 million | 0.350 | % | ||
| Above $500 million up to $750 million | 0.325 | % | ||
| Above $750 million up to $1 billion | 0.300 | % | ||
| Above $1 billion | 0.275 | % | ||
PACE Global Fixed Income Investments
| Assets under management | Fee | |||
| $0 – $500 million | 0.500 | % | ||
| Above $500 million up to $1 billion | 0.475 | % | ||
| Above $1 billion | 0.450 | % | ||
PACE High Yield Investments
| Assets under management | Fee | |||
| $0 – $500 million | 0.600 | % | ||
| Above $500 million up to $1 billion | 0.550 | % | ||
| Above $1 billion up to $1.5 billion | 0.525 | % | ||
| Above $1.5 billion up to $2 billion | 0.500 | % | ||
| Above $2 billion | 0.475 | % | ||
PACE International Emerging Markets Equity Investments
| Assets under management | Fee | |||
| $0 – $500 million | 0.900 | % | ||
| Above $500 million up to $1 billion | 0.875 | % | ||
| Above $1 billion up to $1.5 billion | 0.850 | % | ||
| Above $1.5 billion up to $2 billion | 0.825 | % | ||
| Above $2 billion | 0.800 | % | ||
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: | PACE® Select Advisors Trust | |||
| /s/ Xxxx Xxx Xxxxxxxx | /s/ Xxxxxx Xxxxxxxx | |||
| Name: | Xxxx Xxx Xxxxxxxx | Name: | Xxxxxx Xxxxxxxx | |
| Title: | VP and Assistant Treasurer | Title: | VP and Treasurer | |
| Attest: | UBS Asset Management (Americas) Inc. | |||
| /s/ Xxxx Xxxxxxx | /s/ Xxxxx X. Xxxxxx | |||
| Name: | Xxxx Xxxxxxx | Name: | Xxxxx X. Xxxxxx | |
| Title: | Director and Associate General Counsel | Title: | Executive Director And Deputy General Counsel | |
