| Form N-PX Filer Information |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD | OMB APPROVAL |
| OMB Number: 3235-0582 Estimated average burden hours per response: 20.8 |
N-PX: Filer Information
| Filer CIK | 0001610520 |
| Filer CCC |
********
|
| Date of Report | 06/30/2025 |
| 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, 2025 |
| SEC Investment Company Act or Form 13F File Number: | 028-16602 |
| 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
No
|
| Additional information: |
N-PX: Signature Block
| Reporting Person: | UBS Group AG |
| By (Signature): | Peter C. Gyr |
| By (Printed Signature): | Peter C. Gyr |
| By (Title): | Head CORC AM Americas |
| Date: | 08/29/2025 |