UBS Dynamic Alpha C (BNACX)

Fund Fact Sheet 12-31-09 09-30-09 06-30-2009 03-31-2009 Prospectus Fact Sheet Explanation

Fund Summary The investment seeks to maximize total return, consisting of capital appreciation and current income. The fund invests in securities and financial instruments to gain exposure to global equity, global fixed income and cash equivalent markets, including global currencies. The fund may invest in equity and fixed-income securities of issuers located within and outside the United States or in open-end investment companies advised by UBS Global Asset Management (Americas) Inc., It is nondiversified.

Fund Management Thomas Clarke, Lead Manager since 31-Dec-07
Thomas Clarke is a Managing Director and Head of Currency Analysis and Strategy at UBS. Mr. Clarke has been an investment professional at UBS since 2000.