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Stradley Ronon Stevens & Young, LLP |
Suite 2600 | |
2005 Market Street | |
Philadelphia, PA 19103-7018 | |
Telephone 215.564.8000 | |
Fax 215.564.8120 | |
www.stradley.com | |
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Direct Dial - (215) 564-8543
1933 Act Rule 497(e)
1933 Act File No. 033-47287
1940 Act File No. 811-06637
April 13, 2016
VIA EDGAR
Filing Desk
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549-0505
Re: |
XBRL Exhibits |
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The UBS Funds (Registrant) |
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File Nos. 033-47287 and 811-06637 |
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Dear Sir or Madam:
Pursuant to Rule 497(e) under the Securities Act of 1933, as amended, (the 1933 Act) submitted electronically via the EDGAR system, please find enclosed certain risk/return summary information in an interactive data format using the eXtensible Business Reporting Language (the XBRL exhibits). The XBRL exhibits reflect the risk/return summary disclosure that was included in the supplement to the prospectus dated October 28, 2015, as supplemented, relating to the UBS U.S. Large Cap Equity Fund, a series of the Registrant, that was filed with the U.S. Securities and Exchange Commission via the EDGAR system on March 23, 2016 (Accession No. 0001609006-16-000377) pursuant to Rule 497(e) under the 1933 Act.
Please direct questions or comments relating to this filing to me at the above telephone number.
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Very truly yours, |
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/s/ Jamie M. Gershkow |
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Jamie M. Gershkow |
Document and Entity Information |
Total |
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Prospectus: | |
Document Type | 497 |
Document Period End Date | Mar. 23, 2016 |
Registrant Name | UBS FUNDS |
Central Index Key | 0000886244 |
Amendment Flag | false |
Document Creation Date | Mar. 23, 2016 |
Document Effective Date | Mar. 23, 2016 |
Prospectus Date | Oct. 28, 2015 |
UBS U.S. Large Cap Equity Fund | Class A | |
Prospectus: | |
Trading Symbol | BNEQX |
UBS U.S. Large Cap Equity Fund | CLASS C | |
Prospectus: | |
Trading Symbol | BNQCX |
UBS U.S. Large Cap Equity Fund | CLASS P | |
Prospectus: | |
Trading Symbol | BPEQX |
UBS U.S. Large Cap Equity Fund | |||||||||||||||||||||||||||||||||||||||||
UBS U.S. Large Cap Equity Fund | |||||||||||||||||||||||||||||||||||||||||
The UBS Funds UBS U.S. Large Cap Equity Fund Prospectus Supplement March 23, 2016 Dear Investor, The purpose of this supplement to the Prospectus of the UBS U.S. Large Cap Equity Fund series (the "Fund") of The UBS Funds (the "Trust") dated October 28, 2015, as supplemented, is to notify you that on March 3, 2016, the Board of Trustees of the Trust approved a new expense limitation agreement for the Fund. The new expense limitation agreement decreases the expense caps by 25 basis points for each class of the Fund and extends the period of the agreement from October 27, 2016 to October 27, 2017. Therefore, on pages 7-8 of the Prospectus, the Fund’s Shareholder fees, Annual fund operating expenses, and Example tables are deleted in their entirety and replaced with the following:
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Shareholder fees (fees paid directly from your investment) | |||||||||||||||||||||||||||||||||||||||||
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Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) | |||||||||||||||||||||||||||||||||||||||||
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Example | |||||||||||||||||||||||||||||||||||||||||
This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods unless otherwise stated. The example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The costs described in the example reflect the expenses of the Fund that would result from the contractual fee waiver and expense reimbursement agreement with the Advisor for the first year only. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
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PLEASE BE SURE TO RETAIN THIS IMPORTANT INFORMATION FOR FUTURE REFERENCE.
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Label | Element | Value | ||||||||
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UBS U.S. Large Cap Equity Fund | ||||||||||
Risk/Return: | rr_RiskReturnAbstract | |||||||||
Supplement [Text Block] | ck0000886244_SupplementTextBlock |
The UBS Funds UBS U.S. Large Cap Equity Fund Prospectus Supplement March 23, 2016 Dear Investor, The purpose of this supplement to the Prospectus of the UBS U.S. Large Cap Equity Fund series (the "Fund") of The UBS Funds (the "Trust") dated October 28, 2015, as supplemented, is to notify you that on March 3, 2016, the Board of Trustees of the Trust approved a new expense limitation agreement for the Fund. The new expense limitation agreement decreases the expense caps by 25 basis points for each class of the Fund and extends the period of the agreement from October 27, 2016 to October 27, 2017. Therefore, on pages 7-8 of the Prospectus, the Fund’s Shareholder fees, Annual fund operating expenses, and Example tables are deleted in their entirety and replaced with the following:
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Risk/Return [Heading] | rr_RiskReturnHeading | UBS U.S. Large Cap Equity Fund | ||||||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder fees (fees paid directly from your investment) | ||||||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||||||
Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | Oct. 27, 2017 | ||||||||
Expenses Restated to Reflect Current [Text] | rr_ExpensesRestatedToReflectCurrent | The “Less management fee waiver/expense reimbursements” and “Total annual fund operating expenses after management fee waiver/expense reimbursements” are restated to reflect a change in the Fund’s expense limitation agreement. | ||||||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Example | ||||||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods unless otherwise stated. The example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The costs described in the example reflect the expenses of the Fund that would result from the contractual fee waiver and expense reimbursement agreement with the Advisor for the first year only. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
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Expense Example Closing [Text Block] | rr_ExpenseExampleClosingTextBlock | PLEASE BE SURE TO RETAIN THIS IMPORTANT INFORMATION FOR FUTURE REFERENCE.
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UBS U.S. Large Cap Equity Fund | Class A | ||||||||||
Risk/Return: | rr_RiskReturnAbstract | |||||||||
Maximum front-end sales charge (load) imposed on purchases (as a % of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 5.50% | ||||||||
Maximum contingent deferred sales charge (load) (CDSC) (as a % of purchase or sales price, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | none | [1] | |||||||
Management fees | rr_ManagementFeesOverAssets | 0.70% | ||||||||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | ||||||||
Other expenses | rr_OtherExpensesOverAssets | 0.61% | [2] | |||||||
Total annual fund operating expenses | rr_ExpensesOverAssets | 1.56% | ||||||||
Fee Waiver or Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.61%) | [3] | |||||||
Total annual fund operating expenses after management fee waiver/expense reimbursements | rr_NetExpensesOverAssets | 0.95% | [3],[4] | |||||||
Expenses Deferred Charges [Text Block] | rr_ExpensesDeferredChargesTextBlock | Purchases of $1 million or more that were not subject to a front-end sales charge are subject to a 1% CDSC if sold within one year of the purchase date. | ||||||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | $ 642 | ||||||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 959 | ||||||||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 1,298 | ||||||||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | $ 2,255 | ||||||||
UBS U.S. Large Cap Equity Fund | CLASS C | ||||||||||
Risk/Return: | rr_RiskReturnAbstract | |||||||||
Maximum front-end sales charge (load) imposed on purchases (as a % of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||||||
Maximum contingent deferred sales charge (load) (CDSC) (as a % of purchase or sales price, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | 1.00% | ||||||||
Management fees | rr_ManagementFeesOverAssets | 0.70% | ||||||||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | ||||||||
Other expenses | rr_OtherExpensesOverAssets | 0.61% | [2] | |||||||
Total annual fund operating expenses | rr_ExpensesOverAssets | 2.31% | ||||||||
Fee Waiver or Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.61%) | [3] | |||||||
Total annual fund operating expenses after management fee waiver/expense reimbursements | rr_NetExpensesOverAssets | 1.70% | [3],[4] | |||||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | $ 273 | ||||||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 663 | ||||||||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 1,180 | ||||||||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 2,599 | ||||||||
Expense Example, No Redemption, 1 Year | rr_ExpenseExampleNoRedemptionYear01 | 173 | ||||||||
Expense Example, No Redemption, 3 Years | rr_ExpenseExampleNoRedemptionYear03 | 663 | ||||||||
Expense Example, No Redemption, 5 Years | rr_ExpenseExampleNoRedemptionYear05 | 1,180 | ||||||||
Expense Example, No Redemption, 10 Years | rr_ExpenseExampleNoRedemptionYear10 | $ 2,599 | ||||||||
UBS U.S. Large Cap Equity Fund | CLASS P | ||||||||||
Risk/Return: | rr_RiskReturnAbstract | |||||||||
Maximum front-end sales charge (load) imposed on purchases (as a % of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||||||
Maximum contingent deferred sales charge (load) (CDSC) (as a % of purchase or sales price, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | none | ||||||||
Management fees | rr_ManagementFeesOverAssets | 0.70% | ||||||||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||||||
Other expenses | rr_OtherExpensesOverAssets | 0.37% | [2] | |||||||
Total annual fund operating expenses | rr_ExpensesOverAssets | 1.07% | ||||||||
Fee Waiver or Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.37%) | [3] | |||||||
Total annual fund operating expenses after management fee waiver/expense reimbursements | rr_NetExpensesOverAssets | 0.70% | [3],[4] | |||||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | $ 72 | ||||||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 304 | ||||||||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 556 | ||||||||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | $ 1,276 | ||||||||
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Label | Element | Value |
---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |
Prospectus Date | rr_ProspectusDate | Oct. 28, 2015 |
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