N-PX: Filer Information

Filer CIK

0001610520

Filer CCC

********

Date of Report

06/30/2026

Are you a Registered Management Investment Company or an Institutional Manager?

Institutional Manager

Is this a LIVE or TEST Filing?

LIVE

TEST

Is this an electronic copy of an official filing submitted in paper format?

Submission Contact Information

Name

Phone Number

E-mail Address

Notification Information

Notify via Filing Website only?

N-PX: Cover Page

Name and address of reporting person:

Name of reporting person (For registered management investment companies, provide exact name of registrant as specified in charter)

UBS Group AG

Street 1

Bahnhofstrasse 45

Street 2

City

Zurich

State/Country

SWITZERLAND

Zip code and zip code extension or foreign postal code

CH-8001

Telephone number of reporting person, including area code:

1-888-793-8637

Name and address of agent for service:

Name of agent for service

None

Street 1

Street 2

City

State/Country

Zip code and zip code extension or foreign postal code

Reporting Period:

Report for the year ended June 30, 2026

SEC Investment Company Act or Form 13F File Number:

028-16612

CRD Number (if any):

Other SEC File Number (if any):

Legal Entity Identifier (if any):

Report Type (check only one):

Registered Management Investment Company.

Fund Voting Report (Check here if the registered management investment company held one or more securities it was entitled to vote.)

Fund Notice Report (Check here if the registered management investment company did not hold any securities it was entitled to vote.)

Institutional Manager.

Institutional Manager Voting Report (Check here if all proxy votes of this reporting manager are reported in this report.)

Institutional Manager Notice Report (Check here if no proxy votes are reported in this report and complete the notice report filing explanation section below)

Notice report filing explanation:

All proxy votes for which the manager exercised voting power are reported by other reporting persons

The reporting person did not exercise voting power for any reportable voting matter

The reporting person has a clearly disclosed policy of not voting and did not vote on any proxy voting matters

Institutional Manager Combination Report (Check here if a portion of the proxy votes for this reporting manager are reported in this report and a portion are reported by other reporting person(s).)

Other Persons Reporting for this Manager:1

Investment Company Act or Form 13F File Number:

028-02682

CRD Number (if any):

Other SEC File Number (if any):

LEI (if any):

Name:

UBS AM, a distinct business unit of UBS Asset Management LLC

Do you wish to provide explanatory information pursuant to Special Instruction B.4?:

Yes

Additional information:

N-PX: Signature Block

Reporting Person:

UBS Group AG

By (Signature):

Peter C. Gyr

By (Printed Signature):

Peter C. Gyr

By (Title):

CCO, UBS Asset Management (Americas) LLC

Date:

08/28/2026