0001104659-11-063629.txt : 20111114 0001104659-11-063629.hdr.sgml : 20111111 20111114103647 ACCESSION NUMBER: 0001104659-11-063629 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20111114 DATE AS OF CHANGE: 20111114 EFFECTIVENESS DATE: 20111114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UBS FUNDS CENTRAL INDEX KEY: 0000886244 IRS NUMBER: 367056204 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 033-47287 FILM NUMBER: 111198841 BUSINESS ADDRESS: STREET 1: C/O UBS GLOBAL ASSET MANAGEMENT (AMERICA STREET 2: ONE NORTH WACKER DR. CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 312-525-7100 MAIL ADDRESS: STREET 1: C/O UBS GLOBAL ASSET MANAGEMENT (AMERICA STREET 2: ONE NORTH WACKER DR. CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: BRINSON FUNDS INC DATE OF NAME CHANGE: 19920929

0000886244 S000003135 UBS DYNAMIC ALPHA FUND

C000008503 CLASS A BNAAX

C000008504 CLASS B BNABX

C000008505 CLASS C BNACX

C000008506 CLASS Y BNAYX

497K 1 a11-29721_1497k.htm 497K

The UBS Funds

November 14, 2011

Supplement to the Summary Prospectus

November 14, 2011

Dear Investor,

The purpose of this supplement is to update the Summary Prospectus of the UBS Dynamic Alpha Fund series (the "Fund") of The UBS Funds dated October 28, 2011, as follows:

Effective immediately, Phillip Torres no longer serves as a portfolio manager for the Fund. The remaining portfolio managers of the Fund, Curt Custard, Andreas Koester and Jonathan Davies, have assumed Mr. Torres' portfolio management responsibilities for the Fund. Therefore, all references to Mr. Torres in the Summary Prospectus are hereby deleted.

PLEASE BE SURE TO RETAIN THIS IMPORTANT INFORMATION WITH YOUR SUMMARY PROSPECTUS DATED OCTOBER 28, 2011.

Item #ZS508

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