EX-99.77O RULE 10F-3 3 a77o.htm

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For period ending June 30, 2011 Exhibit 77O

File number 811-6637

FORM 10f-3
Registered Domestic Securities and Government Securities

Fund: UBS U.S. Small Cap Growth Fund ___

Name of Adviser or Sub-Adviser: UBS Global Asset Management (America) Inc.

1. Issuer: Qihoo 360 Technology Co,

2. Date of Purchase: 03/30/2011 3. Date offering commenced: 03/30/2011

4. Underwriter(s) from whom purchased: Citigroup Inc, and Cowen & Company LLC

5. "Affiliated Underwriter" managing or participating in syndicate UBS Investment Bank

6. Aggregate principal amount or number of shares purchased: 102,000 shares (Firmwide)

7. Aggregate principal amount or total number of shares of offering: 12,110,800 shares

8. Purchase price (net of fees and expenses): $14.50

9. Initial public offering price per unit or share: $14.50

10. Commission, spread or profit: % $.609 per share

11. Have the following conditions been satisfied?
YES
NO
a. The securities are sold in an offering exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A or Regulation D.
b. The securities are sold to persons reasonably believed to be "qualified institutional buyers" ("QIBs").
c. The securities are reasonably believed to be eligible for resale to other QIBs.
d. The securities were purchased prior to the end of the first day on which any sales are made (or, if a rights offering, the securities were purchased on or before the fourth day preceding the day on which the offering terminated).

X_______

_______

e. The securities were purchased at a price not more than the price paid by each other purchaser in the offering or any concurrent offering.
f. The underwriting was a firm commitment underwriting.
YES

X_______

X_______
NO

_______
g. The commission, spread or profit was reasonable and fair in relation to that being received by others for underwriting similar securities during the same period.

X_______

_______
h. The issuer of the securities and any predecessor has been in continuous operation for not less than three years.

X_______

_______
i. The amount of such securities purchased by the Fund and all other accounts over which the Adviser (or Sub-Adviser, if applicable) exercises investment discretion did not exceed 25% of the principal amount of the offering.

X_______

_______
j. No Affiliated Underwriter benefited directly or indirectly from the purchase.

X_______

_______
Note: Refer to the Rule 10f-3 Procedures for the definitions of the capitalized terms above. In particular, "Affiliated Underwriter" is defined as affiliates of the Adviser or Sub-Adviser participating in a selling syndicate, as applicable.

Approved: /s/ David Wabnik Date: 4/1/11
Print Name: David Wabnik

For period ending June 30, 2011 Exhibit 77O

File number 811-6637

FORM 10f-3
Eligible Foreign Securities

Fund: _ UBS Absolute Return Bond Fund ___

Name of Adviser or Sub-Adviser: UBS Global Asset Management (Americas) Inc.

1. Issuer: CNP Assurances 6 7/8% due 9/30/41

2. Date of Purchase: 3/31/2011 3. Date offering commenced: 3/31/2011

4. Underwriter(s) from whom purchased: Paribas, London

5. "Affiliated Underwriter" managing or participating in syndicate UBS Investment Bank

6. Aggregate principal amount or number of shares purchased: $7,882,560.00 (Firmwide)

7. Aggregate principal amount or total number of shares of offering: $689,724,000.00

8. Purchase price (net of fees and expenses): $98.532

9. Initial public offering price: $98.532

10. Commission, spread or profit: $ 0.00

X_______

_______

X_______

X_______
NO

_______
g. The commission, spread or profit was reasonable and fair in relation to that being received by others for underwriting similar securities during the same period.

X_______

_______
h. The issuer of the securities and any predecessor has been in continuous operation for not less than three years.

X_______

_______
j. No Affiliated Underwriter benefited directly or indirectly from the purchase.

X_______

Approved: /s/ Tim Winstone Date: 4/4/11
Print Name: Tim Winstone

For period ending June 30, 2011 Exhibit 77O

File number 811-6637

Form 10F-3
Rule 144A Securities
FUND: _ UBS High Yield Fund______
Name of Adviser or Sub-Adviser: UBS Global Asset Management (Americas) Inc.
1. Issuer: Cequel Comm Holding I/Cap CP 144A 8 5/8% due 11/15/2017
2. Date of Purchase: 01/13/2011 3. Date offering commenced: 01/13/2011
4. Underwriter(s) from whom purchased: CS First Boston Corp.
5. "Affiliated Underwriter" managing or participating in syndicate:
UBS Investment Bank
6. Aggregate principal amount or number of shares purchased: $1,028,750.00 (Firmwide)
7. Aggregate principal amount or total number of shares of offering: $642,968,750.00
8. Purchase price (net of fees and expenses): $102.875
9. Initial public offering price: $102.875
10. Commission, spread or profit: 1.25%
11. Have the following conditions been satisfied?
YES
NO
a. The securities are sold in an offering exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A or Regulation D.
b. The securities are sold to persons reasonably believed to be "qualified institutional buyers" ("QIBs").
c. The securities are reasonably believed to be eligible for resale to other QIBs.
d. The securities were purchased prior to the end of the first day on which any sales are made (or, if a rights offering, the securities were purchased on or before the fourth day preceding the day on which the offering terminated).

X_______

_______

X_______

X_______
NO

_______
g. The commission, spread or profit was reasonable and fair in relation to that being received by others for underwriting similar securities during the same period.

X_______

_______
h. The issuer of the securities and any predecessor has been in continuous operation for not less than three years.

X_______

_______
j. No Affiliated Underwriter benefited directly or indirectly from the purchase.

X_______

Approved: /s/ Matthew Iannucci Date: 20 May 2011
Print Name: Matthew Iannucci

For period ending June 30, 2011 Exhibit 77O

File number 811-6637

FORM 10f-3
Rule 144A Securities
FUND: _ UBS High Yield Fund__
Name of Adviser or Sub-Adviser: UBS Global Asset Management (Americas) Inc.
1. Issuer: Oasis Petroleum Inc. 144A 7.25% 2/1/2019
2. Date of Purchase: 01/28/2011 3. Date offering commenced: 01/28/2011
4. Underwriter(s) from whom purchased: JP Morgan Chase Securities
5. "Affiliated Underwriter" managing or participating in syndicate:
UBS Investment Bank
6. Aggregate principal amount or number of shares purchased: $2,000,000.00 (firmwide)
7. Aggregate principal amount or total number of shares of offering: $400,000,000.00
8. Purchase price (net of fees and expenses): $100.00
9. Initial public offering price: $100.00
10. Commission, spread or profit: 2.25%
11. Have the following conditions been satisfied?
YES
NO
a. The securities are sold in an offering exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A or Regulation D.
b. The securities are sold to persons reasonably believed to be "qualified institutional buyers" ("QIBs").
c. The securities are reasonably believed to be eligible for resale to other QIBs.
d. The securities were purchased prior to the end of the first day on which any sales are made (or, if a rights offering, the securities were purchased on or before the fourth day preceding the day on which the offering terminated).

X_______

_______

X_______

X_______
NO

_______
g. The commission, spread or profit was reasonable and fair in relation to that being received by others for underwriting similar securities during the same period.

X_______

_______
h. The issuer of the securities and any predecessor has been in continuous operation for not less than three years.

X_______

_______
j. No Affiliated Underwriter benefited directly or indirectly from the purchase.

X_______

Approved: /s/ Matthew Iannucci Date: 20 May 2011
Print Name: Matthew Iannucci

For period ending June 30, 2011 Exhibit 77O

File number 811-6637

FORM 10f-3
Rule 144A Securities
FUND: _ UBS High Yield Fund__
Name of Adviser or Sub-Adviser: UBS Global Asset Management (Americas) Inc.
1. Issuer: Linn Energy LLC/Fin Corp 6.5% due 05/15/2019
2. Date of Purchase: 05/10/2011 3. Date offering commenced: 05/10/2011
4. Underwriter(s) from whom purchased: Citigroup Global markets Holdings
5. "Affiliated Underwriter" managing or participating in syndicate:
UBS Investment Bank
6. Aggregate principal amount or number of shares purchased: $1,984,640.00
7. Aggregate principal amount or total number of shares of offering: $744,240,000.00
8. Purchase price (net of fees and expenses): $99.232
9. Initial public offering price: $99.232
10. Commission, spread or profit: 1.875%
11. Have the following conditions been satisfied?
YES
NO
a. The securities are sold in an offering exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A or Regulation D.
b. The securities are sold to persons reasonably believed to be "qualified institutional buyers" ("QIBs").
c. The securities are reasonably believed to be eligible for resale to other QIBs.
d. The securities were purchased prior to the end of the first day on which any sales are made (or, if a rights offering, the securities were purchased on or before the fourth day preceding the day on which the offering terminated).

X_______

_______

X_______

X_______
NO

_______
g. The commission, spread or profit was reasonable and fair in relation to that being received by others for underwriting similar securities during the same period.

X_______

_______
h. The issuer of the securities and any predecessor has been in continuous operation for not less than three years.

X_______

_______
j. No Affiliated Underwriter benefited directly or indirectly from the purchase.

X_______

Approved: /s/ Matthew Iannucci Date: 20 May 2011
Print Name: Matthew Iannucci

For period ending June 30, 2011 Exhibit 77O

File number 811-6637

FORM 10f-3
Rule 144A Securities
FUND: _ UBS High Yield Fund__
Name of Adviser or Sub-Adviser: UBS Global Asset Management (Americas) Inc.
1. Issuer: Chrysler GP/CG co-Issuer 8% due 06/15/2019
2. Date of Purchase: 05/19/2011 3. Date offering commenced: 05/19/2011
4. Underwriter(s) from whom purchased: Bank of America Sec. LLC
5. "Affiliated Underwriter" managing or participating in syndicate:
UBS Investment Bank
6. Aggregate principal amount or number of shares purchased: $10,000,000.00 (firmwide)
7. Aggregate principal amount or total number of shares of offering: $1,500,000,000.00
8. Purchase price (net of fees and expenses): $100.00
9. Initial public offering price: $100.00
10. Commission, spread or profit: 1.25%
11. Have the following conditions been satisfied?
YES
NO
a. The securities are sold in an offering exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A or Regulation D.
b. The securities are sold to persons reasonably believed to be "qualified institutional buyers" ("QIBs").
c. The securities are reasonably believed to be eligible for resale to other QIBs.
d. The securities were purchased prior to the end of the first day on which any sales are made (or, if a rights offering, the securities were purchased on or before the fourth day preceding the day on which the offering terminated).

X_______

_______

X_______

X_______
NO

_______
g. The commission, spread or profit was reasonable and fair in relation to that being received by others for underwriting similar securities during the same period.

X_______

_______
h. The issuer of the securities and any predecessor has been in continuous operation for not less than three years.

X_______

_______
j. No Affiliated Underwriter benefited directly or indirectly from the purchase.

X_______

Approved: /s/ Craig G. Ellinger Date: 16 June 2011
Print Name: Craig G. Ellinger

For period ending June 30, 2011 Exhibit 77O

File number 811-6637

FORM 10f-3
Eligible Foreign Securities
FUND: _ UBS Global Bond Fund__
Name of Adviser or Sub-Adviser: UBS Global Asset Management (Americas) Inc.
1. Issuer: Teck resources Limited, 3.15% due 01/15/2017
2. Date of Purchase: 06/29/2011 3. Date offering commenced: 06/29/2011
4. Underwriter(s) from whom purchased: Citibank
5. "Affiliated Underwriter" managing or participating in syndicate:
UBS Investment Bank
6. Aggregate principal amount or number of shares purchased: $10,996,040.00 (firmwide)
7. Aggregate principal amount or total number of shares of offering: $299,892,000.00
8. Purchase price (net of fees and expenses): $99.964
9. Initial public offering price: $99.964
10. Commission, spread or profit: 0.60%
11. Have the following conditions been satisfied?
YES
NO
a. The securities are sold in an offering exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A or Regulation D.
b. The securities are sold to persons reasonably believed to be "qualified institutional buyers" ("QIBs").
c. The securities are reasonably believed to be eligible for resale to other QIBs.
d. The securities were purchased prior to the end of the first day on which any sales are made (or, if a rights offering, the securities were purchased on or before the fourth day preceding the day on which the offering terminated).

X_______

_______

X_______

X_______
NO

_______
g. The commission, spread or profit was reasonable and fair in relation to that being received by others for underwriting similar securities during the same period.

X_______

_______
h. The issuer of the securities and any predecessor has been in continuous operation for not less than three years.

X_______

_______
j. No Affiliated Underwriter benefited directly or indirectly from the purchase.

X_______

Approved: /s/ Ryan Raymond Date: 07/20/11
Print Name: Ryan Raymond

For period ending June 30, 2011 Exhibit 77O

File number 811-6637
FORM 10f-3
Eligible Foreign Securities

FUND: _ UBS Absolute Return Bond Fund__
Name of Adviser or Sub-Adviser: UBS Global Asset Management (Americas) Inc.
1. Issuer: Teck resources Limited, 3.15% due 01/15/2017
2. Date of Purchase: 06/29/2011 3. Date offering commenced: 06/29/2011
4. Underwriter(s) from whom purchased: Citibank
5. "Affiliated Underwriter" managing or participating in syndicate:
UBS Investment Bank
6. Aggregate principal amount or number of shares purchased: $10,996,892,000.00 (firmwide)
7. Aggregate principal amount or total number of shares of offering: $299,892,000.00
8. Purchase price (net of fees and expenses): $99.964
9. Initial public offering price: $99.964
10. Commission, spread or profit: 0.60%
11. Have the following conditions been satisfied?
YES
NO
a. The securities are sold in an offering exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A or Regulation D.
b. The securities are sold to persons reasonably believed to be "qualified institutional buyers" ("QIBs").
c. The securities are reasonably believed to be eligible for resale to other QIBs.
d. The securities were purchased prior to the end of the first day on which any sales are made (or, if a rights offering, the securities were purchased on or before the fourth day preceding the day on which the offering terminated).

X_______

_______

X_______

X_______
NO

_______
g. The commission, spread or profit was reasonable and fair in relation to that being received by others for underwriting similar securities during the same period.

X_______

_______
h. The issuer of the securities and any predecessor has been in continuous operation for not less than three years.

X_______

_______
j. No Affiliated Underwriter benefited directly or indirectly from the purchase.

X_______

Approved: /s/ Ryan Raymond Date: 7/20/11
Print Name: Ryan Raymond

For period ending June 30, 2011 Exhibit 77O

File number 811-6637
FORM 10f-3
Registered Domestic Securities and Government Securities
FUND: _ UBS Global Allocation Fund__
Name of Adviser or Sub-Adviser: UBS Global Asset Management (Americas) Inc.
1. Issuer: LinkedIn Corp - A
2. Date of Purchase: 05/18/2011 3. Date offering commenced: 05/18/2011
4. Underwriter(s) from whom purchased: Morgan Stanley & Co.
5. "Affiliated Underwriter" managing or participating in syndicate:
UBS Investment Bank
6. Aggregate principal amount or number of shares purchased: 70,000 shares (firmwide)
7. Aggregate principal amount or total number of shares of offering: 7,840,000 shares
8. Purchase price (net of fees and expenses): $45.000
9. Initial public offering price: $45.000
10. Commission, spread or profit: $1.89 per share
11. Have the following conditions been satisfied?
YES
NO
a. The securities are sold in an offering exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A or Regulation D.
b. The securities are sold to persons reasonably believed to be "qualified institutional buyers" ("QIBs").
c. The securities are reasonably believed to be eligible for resale to other QIBs.
d. The securities were purchased prior to the end of the first day on which any sales are made (or, if a rights offering, the securities were purchased on or before the fourth day preceding the day on which the offering terminated).

X_______

_______

X_______

X_______
NO

_______
g. The commission, spread or profit was reasonable and fair in relation to that being received by others for underwriting similar securities during the same period.

X_______

_______
h. The issuer of the securities and any predecessor has been in continuous operation for not less than three years.

X_______

_______
j. No Affiliated Underwriter benefited directly or indirectly from the purchase.

X_______

Approved: /s/ Saverio Console Date: 6/7/11
Print Name: Saverio Console

For period ending June 30, 2011 Exhibit 77O

File number 811-6637
FORM 10f-3
Registered Domestic and Government Securities

FUND: _ UBS Dynamic Alpha Fund__
Name of Adviser or Sub-Adviser: UBS Global Asset Management (Americas) Inc.
1. Issuer: LinkedIn Corp - A
2. Date of Purchase: 05/18/2011 3. Date offering commenced: 05/18/2011
4. Underwriter(s) from whom purchased: Morgan Stanley & Co.
5. "Affiliated Underwriter" managing or participating in syndicate:
UBS Investment Bank
6. Aggregate principal amount or number of shares purchased: 70,000 shares
7. Aggregate principal amount or total number of shares of offering: 7,840,000.00 shares
8. Purchase price (net of fees and expenses): $45.00
9. Initial public offering price: $45.00
10. Commission, spread or profit: $1.89 per share
11. Have the following conditions been satisfied?
YES
NO
a. The securities are sold in an offering exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A or Regulation D.
b. The securities are sold to persons reasonably believed to be "qualified institutional buyers" ("QIBs").
c. The securities are reasonably believed to be eligible for resale to other QIBs.
d. The securities were purchased prior to the end of the first day on which any sales are made (or, if a rights offering, the securities were purchased on or before the fourth day preceding the day on which the offering terminated).

X_______

_______

X_______

X_______
NO

_______
g. The commission, spread or profit was reasonable and fair in relation to that being received by others for underwriting similar securities during the same period.

X_______

_______
h. The issuer of the securities and any predecessor has been in continuous operation for not less than three years.

X_______

_______
j. No Affiliated Underwriter benefited directly or indirectly from the purchase.

X_______

Approved: /s/ Saverio Console Date: 6/7/11
Print Name: Saverio Consolei

For period ending June 30, 2011 Exhibit 77O

File number 811-6637
FORM 10f-3
Registered Domestic Securities and Government Securities
FUND: _ UBS Core Plus Bond Fund__
Name of Adviser or Sub-Adviser: UBS Global Asset Management (Americas) Inc.
1. Issuer: federal Home Loan Bank, 1 3/8%, 05/28/2014
2. Date of Purchase: 04/14/2011 3. Date offering commenced: 04/14/2011
4. Underwriter(s) from whom purchased: Barclays Capital
5. "Affiliated Underwriter" managing or participating in syndicate:
UBS Investment Bank
6. Aggregate principal amount or number of shares purchased: $58,921,530.00 (firmwide)
7. Aggregate principal amount or total number of shares of offering: $2,996,010,000.00
8. Purchase price (net of fees and expenses): $99.867
9. Initial public offering price: $99.867
10. Commission, spread or profit: 7.5bps
11. Have the following conditions been satisfied?
YES
NO
a. The securities are sold in an offering exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A or Regulation D.
b. The securities are sold to persons reasonably believed to be "qualified institutional buyers" ("QIBs").
c. The securities are reasonably believed to be eligible for resale to other QIBs.
d. The securities were purchased prior to the end of the first day on which any sales are made (or, if a rights offering, the securities were purchased on or before the fourth day preceding the day on which the offering terminated).

X_______

_______

X_______

X_______
NO

_______
g. The commission, spread or profit was reasonable and fair in relation to that being received by others for underwriting similar securities during the same period.

X_______

_______
h. The issuer of the securities and any predecessor has been in continuous operation for not less than three years.

X_______

_______
j. No Affiliated Underwriter benefited directly or indirectly from the purchase.

X_______

Approved: /s/ Justin Tabellione Date: 5/26/11
Print Name: Justin Tabellinoe