<SEC-DOCUMENT>0001104659-17-056352-index.html : 20170908
<SEC-HEADER>0001104659-17-056352.hdr.sgml : 20170908
<ACCEPTANCE-DATETIME>20170908171952
ACCESSION NUMBER:		0001104659-17-056352
CONFORMED SUBMISSION TYPE:	N-CSR
PUBLIC DOCUMENT COUNT:		23
CONFORMED PERIOD OF REPORT:	20170630
FILED AS OF DATE:		20170908
DATE AS OF CHANGE:		20170908
EFFECTIVENESS DATE:		20170908

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:		N-CSR
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06637
		FILM NUMBER:		171077322

	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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BRINSON FUNDS INC
		DATE OF NAME CHANGE:	19920929
<SERIES-AND-CLASSES-CONTRACTS-DATA>
<EXISTING-SERIES-AND-CLASSES-CONTRACTS>
<SERIES>
<OWNER-CIK>0000886244
<SERIES-ID>S000002978
<SERIES-NAME>UBS U.S. Large Cap Equity Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008178
<CLASS-CONTRACT-NAME>Class A
<CLASS-CONTRACT-TICKER-SYMBOL>BNEQX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008180
<CLASS-CONTRACT-NAME>CLASS C
<CLASS-CONTRACT-TICKER-SYMBOL>BNQCX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008181
<CLASS-CONTRACT-NAME>CLASS P
<CLASS-CONTRACT-TICKER-SYMBOL>BPEQX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000886244
<SERIES-ID>S000002979
<SERIES-NAME>UBS GLOBAL ALLOCATION FUND
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008182
<CLASS-CONTRACT-NAME>CLASS A
<CLASS-CONTRACT-TICKER-SYMBOL>BNGLX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008184
<CLASS-CONTRACT-NAME>CLASS C
<CLASS-CONTRACT-TICKER-SYMBOL>BNPCX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008185
<CLASS-CONTRACT-NAME>CLASS P
<CLASS-CONTRACT-TICKER-SYMBOL>BPGLX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000886244
<SERIES-ID>S000002980
<SERIES-NAME>UBS International Sustainable Equity Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008186
<CLASS-CONTRACT-NAME>CLASS A
<CLASS-CONTRACT-TICKER-SYMBOL>BNIEX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008188
<CLASS-CONTRACT-NAME>CLASS C
<CLASS-CONTRACT-TICKER-SYMBOL>BNICX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008189
<CLASS-CONTRACT-NAME>CLASS P
<CLASS-CONTRACT-TICKER-SYMBOL>BNUEX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000886244
<SERIES-ID>S000002985
<SERIES-NAME>UBS U.S. SMALL CAP GROWTH FUND
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008206
<CLASS-CONTRACT-NAME>CLASS A
<CLASS-CONTRACT-TICKER-SYMBOL>BNSCX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008208
<CLASS-CONTRACT-NAME>CLASS C
<CLASS-CONTRACT-TICKER-SYMBOL>BNMCX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008209
<CLASS-CONTRACT-NAME>CLASS P
<CLASS-CONTRACT-TICKER-SYMBOL>BISCX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000886244
<SERIES-ID>S000003135
<SERIES-NAME>UBS DYNAMIC ALPHA FUND
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008503
<CLASS-CONTRACT-NAME>CLASS A
<CLASS-CONTRACT-TICKER-SYMBOL>BNAAX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008505
<CLASS-CONTRACT-NAME>CLASS C
<CLASS-CONTRACT-TICKER-SYMBOL>BNACX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008506
<CLASS-CONTRACT-NAME>CLASS P
<CLASS-CONTRACT-TICKER-SYMBOL>BNAYX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000886244
<SERIES-ID>S000047156
<SERIES-NAME>UBS Municipal Bond Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000147812
<CLASS-CONTRACT-NAME>Class A
<CLASS-CONTRACT-TICKER-SYMBOL>UMBAX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000147813
<CLASS-CONTRACT-NAME>Class C
<CLASS-CONTRACT-TICKER-SYMBOL>UMBCX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000147814
<CLASS-CONTRACT-NAME>Class P
<CLASS-CONTRACT-TICKER-SYMBOL>UMBPX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000886244
<SERIES-ID>S000053041
<SERIES-NAME>UBS Total Return Bond Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000166868
<CLASS-CONTRACT-NAME>Class A
<CLASS-CONTRACT-TICKER-SYMBOL>UTBAX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000166869
<CLASS-CONTRACT-NAME>Class C
<CLASS-CONTRACT-TICKER-SYMBOL>UTBCX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000166870
<CLASS-CONTRACT-NAME>Class P
<CLASS-CONTRACT-TICKER-SYMBOL>UTBPX
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSR
<SEQUENCE>1
<FILENAME>a17-18204_1ncsr.htm
<DESCRIPTION>CERTIFIED ANNUAL SHAREHOLDER REPORT
<TEXT>
Document 1 - file: a17-18204_1ncsr.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-99.CODEETH <SEQUENCE>2 <FILENAME>a17-18204_1ex99dcodeeth.htm <DESCRIPTION>EX-99.CODEETH <TEXT> Document 2 - file: a17-18204_1ex99dcodeeth.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-99.CERT <SEQUENCE>3 <FILENAME>a17-18204_1ex99dcert.htm <DESCRIPTION>EX-99.CERT <TEXT> Document 3 - file: a17-18204_1ex99dcert.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-99.906CERT <SEQUENCE>4 <FILENAME>a17-18204_1ex99d906cert.htm <DESCRIPTION>EX-99.906CERT <TEXT> Document 4 - file: a17-18204_1ex99d906cert.htm
</DOCUMENT> <DOCUMENT> <TYPE>EX-99.IRANNOTICE <SEQUENCE>5 <FILENAME>a17-18204_1ex99dirannotice.htm <DESCRIPTION>EX-99.IRANNOTICE <TEXT> Document 5 - file: a17-18204_1ex99dirannotice.htm
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>6 <FILENAME>j17182042_ia017.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 6 - file: j17182042_ia017.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>7 <FILENAME>j17182042_cm015.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 7 - file: j17182042_cm015.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>8 <FILENAME>j17182042_cm016.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 8 - file: j17182042_cm016.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>9 <FILENAME>j17182042_cc001.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 9 - file: j17182042_cc001.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>10 <FILENAME>j17182042_cc002.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 10 - file: j17182042_cc002.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>11 <FILENAME>j17182042_ci011.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 11 - file: j17182042_ci011.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>12 <FILENAME>j17182042_ci012.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 12 - file: j17182042_ci012.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>13 <FILENAME>j17182042_bc002.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 13 - file: j17182042_bc002.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>14 <FILENAME>j17182042_ce007.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 14 - file: j17182042_ce007.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>15 <FILENAME>j17182042_ce008.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 15 - file: j17182042_ce008.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>16 <FILENAME>j17182042_ck013.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 16 - file: j17182042_ck013.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>17 <FILENAME>j17182042_ck014.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 17 - file: j17182042_ck014.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>18 <FILENAME>j17182042_aa001.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 18 - file: j17182042_aa001.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>19 <FILENAME>j17182042_ca003.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 19 - file: j17182042_ca003.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>20 <FILENAME>j17182042_ca004.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 20 - file: j17182042_ca004.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>21 <FILENAME>j17182042_za018.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 21 - file: j17182042_za018.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>22 <FILENAME>j17182042_cg009.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 22 - file: j17182042_cg009.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>23 <FILENAME>j17182042_cg010.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 23 - file: j17182042_cg010.jpg
</DOCUMENT> </SEC-DOCUMENT>