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w (or revised) laws or regulations may be imposed by the U.S. Commodity Futures Trading Commission (the "CFTC"), the SEC, the Board of Governors of the Federal Reserve System (the "Federal Reserve") or other banking regulators, other U.S. or non-U.S. governmental regulatory authorities or self-regulatory organizations, in
local level. Quarterly reports from the Administrator regarding the AlphaKeys Fund's operations during such period also may be sent to Investors. Classes of Interests in both the Underlying Fund and AlphaKeys Fund, respectively, are Not Separate Legal Entities. Although Investors of the Underlying Fund, including
w (or revised) laws or regulations may be imposed by the U.S. Commodity Futures Trading Commission (the "CFTC"), the SEC, the Board of Governors of the Federal Reserve System (the "Federal Reserve") or other banking regulators, other U.S. or non-U.S. governmental regulatory authorities or self-regulatory organizations, i
local level. Quarterly reports from the Administrator regarding the AlphaKeys Fund's operations during such period also may be sent to Investors. Classes of Interests in the Underlying Fund are Not Separate Legal Entities. Although Investors of the Underlying Fund, including the AlphaKeys Fund and certain Other A
w (or revised) laws or regulations may be imposed by the U.S. Commodity Futures Trading Commission (the "CFTC"), the SEC, the Board of Governors of the Federal Reserve System (the "Federal Reserve") or other banking regulators, other U.S. or non-U.S. governmental regulatory authorities or self-regulatory organizations, i
local level. Quarterly reports from the Administrator regarding the AlphaKeys Fund's operations during such period also may be sent to Investors. Classes of Interests in the Underlying Fund are Not Separate Legal Entities. Although Investors of the Underlying Fund, including the AlphaKeys Fund and certain Other A
Entities connected to both the Federal Reserve System and Classes of Interests

United States
LOCATION
the Internal Revenue Service
ORGANIZATION
New York
LOCATION
U.S. Treasury
ORGANIZATION
Federal Reserve
ORGANIZATIONthe District of Columbia
LOCATION
Samantha Power
PERSONthe New York Stock Exchange
ORGANIZATIONthe U.S. Investment Company Act
ORGANIZATIONErnst & Young LLP
ORGANIZATION
UBS AG
ORGANIZATIONCayman
LOCATIONthe Underlying Fund Management Fee
ORGANIZATIONNo Assurance of Investment Return
ORGANIZATIONthe Investor Application
ORGANIZATION
Ghislaine Maxwell
PERSONthe U.S. Department of Labor
ORGANIZATION
Paul Volcker
PERSONUBS Institutional Consulting
ORGANIZATIONBank Holding Company Act Considerations
ORGANIZATION