# EDGAR Filing Document

**Accession Number:** 0001225290
**File Stem:** 0001104659-25-078474
**Filing Date:** 2025-8
**Character Count:** 6632
**Document Hash:** cf655519955724bf46bfdcf66d292315
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-078474.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001104659-25-078474

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SMA RELATIONSHIP TRUST
- **CENTRAL INDEX KEY:** 0001225290

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-104218
- **FILM NUMBER:** 251217778

**BUSINESS ADDRESS:**
- **STREET 1:** C/O UBS ASSET MANAGEMENT (AMERICAS) INC
- **STREET 2:** ONE NORTH WACKER DR.
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-525-7100

**MAIL ADDRESS:**
- **STREET 1:** C/O UBS ASSET MANAGEMENT (AMERICAS) INC
- **STREET 2:** ONE NORTH WACKER DR.
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

## Series and Classes Contracts Data

### Series M (Series ID: S000002663)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Series M   | SRTMX         | C000007298 |

---

## Series and Classes Contracts Data

### Series M (Series ID: S000002663)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007298 | Series M     | SRTMX           |

![](j25232742_ba001.jpg)

SMA Relationship Trust

Prospectus Supplement \| August 14, 2025

**Includes:**

• Series M

Dear Investor,

The purpose of this supplement is to update the information in the Prospectus, dated April 30, 2025, for Series M (the "Fund"), a series of SMA Relationship Trust<sup>SM</sup> (the "Trust"), as follows:

Marc Weisi no longer serves as a portfolio manager for the Fund, and Lisa DiPaolo is added as a portfolio manager for the Fund. Ryan Nugent continues to serve as a portfolio manager for the Fund.

**Therefore, the information under the heading "Series M—Fund Summary" and the sub-heading "Portfolio managers" of the Prospectus is deleted in its entirety and replaced by the following:**

• Ryan Nugent, portfolio manager of the Fund since 2019

• Lisa DiPaolo, portfolio manager of the Fund since July 2025.

**Additionally, the information under the heading "Additional information-Management" and the sub-heading "Management-Portfolio management" of the Prospectus is deleted in its entirety and replaced by the following:**

Investment decisions for the Fund are made by an investment management team at the Advisor. Information is provided below for the portfolio managers within the investment management team that are jointly and primarily responsible for coordinating the day-to-day management of the Fund.

Ryan Nugent is the lead portfolio manager and Lisa DiPaolo is a co-portfolio manager for the Fund. As portfolio managers for the Fund, Mr. Nugent and Ms. DiPaolo are the members of the investment management team and are jointly and primarily responsible for the day-to-day management of the Fund's portfolio. The Advisor's investment professionals are organized into investment management teams. Mr. Nugent and Ms. DiPaolo, together with input from other members of the Municipal Fixed Income Team, utilize market information and proprietary research to manage the Fund. Mr. Nugent and Ms. DiPaolo also have access to other members of the Advisor's Fixed Income Team, which includes portfolio managers and analysts across the various fixed income sectors. Mr. Nugent and Ms. DiPaolo have ultimate responsibility for research, implementing strategies and reviewing the overall composition of the Fund in an effort to ensure its compliance with its stated investment objective and strategies. Information about Mr. Nugent and Ms. DiPaolo is provided below.

Ryan Nugent is Head of Municipal Trading, an Executive Director and Senior Portfolio Manager at UBS Asset Management. Mr. Nugent has been a portfolio manager of the Fund since 2019.

ZS-1286

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Lisa DiPaolo is an Executive Director and Portfolio Manager at UBS Asset Management. Ms. DiPaolo has over 20 years of experience in the public finance industry as a municipal credit analyst, portfolio manager and senior investment team member. Ms. DiPaolo has been a portfolio manager of the Fund since July 2025 after previously serving as a portfolio manager of the Fund from July 2023 to July 2024.

The SAI for the Fund provides information about the Fund's portfolio managers' compensation, other accounts managed by the portfolio managers and the portfolio managers' ownership of Fund shares.

**PLEASE BE SURE TO RETAIN THIS IMPORTANT INFORMATION FOR FUTURE REFERENCE.**

------

![](j25232743_ba001.jpg)

SMA Relationship Trust

Supplement to the Statement of Additional Information \| August 14, 2025

**Includes:**

• Series M

Dear Investor,

The purpose of this supplement is to update the information in the Statement of Additional Information, dated April 30, 2025, for Series M (the "Fund"), a series of SMA Relationship Trust<sup>SM</sup> (the "Trust"), as follows:

Marc Weisi no longer serves as a portfolio manager for the Fund, and Lisa DiPaolo is added as a portfolio manager for the Fund. Ryan Nugent continues to serve as a portfolio manager for the Fund.

**Therefore, in the SAI under the heading "Investment advisory, administration, principal underwriting and other service arrangements" and the sub-heading "Portfolio managers," the information for Marc Weisi is deleted in its entirety and replaced with the following:**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Registered<br>investment companies** | **Registered<br>investment companies** | **Other pooled<br>investment vehicles** | **Other pooled<br>investment vehicles** | **Other accounts** | **Other accounts** |
|<br>**Portfolio manager**<br> (Funds managed) | **Number** | **Assets<br>managed<br>(in millions)** | **Number** | **Assets<br>managed<br>(in millions)** | **Number** | **Assets<br>managed<br>(in millions)** |
| **Lisa DiPaolo\***<br> (Series M) | 0 | $0 | 0 | $0 | 598 | $2464 |

---

&nbsp;&nbsp;&nbsp;&nbsp;\* Ms. DiPaolo became a portfolio manager of the Fund in July 2025. Information is as of June 30, 2025.

**In addition, the following is added as the last sentence in the SAI under the heading "Investment advisory, administration, principal underwriting and other service arrangements" and the sub-heading "Portfolio managers":**

As of July 31, 2025, Ms. DiPaolo did not own shares in the Fund.

**PLEASE BE SURE TO RETAIN THIS IMPORTANT INFORMATION FOR FUTURE REFERENCE.**

ZS-1287

------