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ole discretion, to make such an offer to one or more Investors and not to the other Investors, and may do so without notice to the other Investors. No Assurance of Investment Return. The AlphaKeys Fund is intended for long-term Investors who can accept the significant risks associated with investing in illiquid securities. There
s. Advisory Sub-Class Interests will be offered only to Investors who are clients of UBS Financial Services Inc. ("UBSFS") who invested through the UBS Institutional Consulting program or another UBSFS investment advisory program as permitted by the Administrator in its sole discretion (an "Advisors, Program"), pursuant t
le discretion, to make such an offer to one or more Investors and not to the other Investors, and may do so without notice to the other Investors. No Assurance of Investment Return. The AlphaKeys Fund is intended for long-term Investors who can accept the significant risks associated with investing in illiquid securities. ML2
ts"). Advisory Class Interests will be offered only to Investors who are clients of UBS Financial Services Inc. ("UBSFS") who invested through the UBS Institutional Consulting program or another UBSFS investment advisory program as permitted by the Administrator in its sole discretion (an "Advisory Program") pursuant to
le discretion, to make such an offer to one or more Investors and not to the other Investors, and may do so without notice to the other Investors. No Assurance of Investment Return. The AlphaKeys Fund is intended for long-term Investors who can accept the significant risks associated with investing in illiquid securities. -MA
ts"). Advisory Class Interests will be offered only to Investors who are clients of UBS Financial Services Inc. ("UBSFS") who invested through the UBS Institutional Consulting program or another UBSFS investment advisory program as permitted by the Administrator in its sole discretion (an "Advisory Program") pursuant to
Entities connected to both No Assurance of Investment Return and UBS Institutional Consulting

United States
LOCATIONCayman
LOCATIONErnst & Young LLP
ORGANIZATION
U.S. Treasury
ORGANIZATION
UBS AG
ORGANIZATION
Paul Volcker
PERSONthe Underlying Fund Management Fee
ORGANIZATION
the Internal Revenue Service
ORGANIZATIONBank Holding Company Act Considerations
ORGANIZATIONthe Investor Application
ORGANIZATIONthe District of Columbia
LOCATION
Ghislaine Maxwell
PERSONthe U.S. Investment Company Act
ORGANIZATIONClasses of Interests
ORGANIZATIONthe Federal Reserve System
ORGANIZATIONTrigger Event
ORGANIZATIONthe New York Stock Exchange
ORGANIZATIONCustodian
ORGANIZATION
Federal Reserve
ORGANIZATION
Millennium
ORGANIZATION