The fund seeks capital appreciation and dividend income by investing in mega-and large-size companies in the United States.

The fund uses a manager of managers approach to investing. UBS Asset Management, the fund’s investment advisor recommends the hiring, termination, replacement, and allocation of assets among the fund's sub-advisors.

Pzena Investment Management, LLC, Los Angeles Capital Management and Equity Research, Inc. and Wellington Management Company LLP currently serve as the fund's sub-advisors.<

The fund seeks capital appreciation and dividend income by investing in mega-and large-size companies in the United States.

The fund uses a manager of managers approach to investing. UBS Asset Management, the fund’s investment advisor recommends the hiring, termination, replacement, and allocation of assets among the fund's sub-advisors.

Pzena Investment Management, LLC, Los Angeles Capital Management and Equity Research, Inc. and Wellington Management Company LLP currently serve as the fund's sub-advisors.

The sub-advisers’ investment process is designed to identify companies that are estimated to trade below their fair values.

Pzena employs a disciplined investment process to highlight companies that are underperforming their historically demonstrated earnings power.

The sub-advisor employs intensive fundamental research to identify companies that are significantly undervalued based on market price relative to normalized earnings. The team also evaluates the company’s underlying financial condition and business prospects.

Los Angeles Capital employs a long/short or 130/30 equity strategy. Los Angeles Capital buys securities long that it believes will outperform the market, and sells securities short that it believes will underperform the market.

The sub-advisor utilizes statistical tools to estimate expected returns based on each security's risk characteristics and the expected return to each characteristic in the current market environment.

Security weights, both long and short, are assigned through an integrated optimization process and the portfolio is rebalanced periodically using the quantitative model.

Los Angeles Capital uses its proprietary model to identify businesses that generate returns above the benchmark index.

Wellington focuses on companies with superior prospects for dividend growth and capital appreciation that sell at reasonable valuation levels.

The sub-advisor focuses on solid companies with temporary issues, rather than distressed opportunities. The sub-advisor utilizes a contrarian approach focused on longer-term fundamentals to create a portfolio with an above-market projected growth rate and higher dividend yield and which trades at a discount to the market.

In addition, the sub-advisor prefers companies that have the potential to continue paying their dividends in weak economic environments.

The fund may from time to time invest a significant portion of its net assets in the stocks of companies in various economic sectors, such as financials.

The fund may also invest up to 20% of its net assets in non-US securities.