0001104659-18-025549.txt : 20180420 0001104659-18-025549.hdr.sgml : 20180420 20180420135920 ACCESSION NUMBER: 0001104659-18-025549 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20180420 DATE AS OF CHANGE: 20180420 EFFECTIVENESS DATE: 20180420 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: 18766042 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

0000886244 S000053041 UBS Total Return Bond Fund

C000166868 Class A UTBAX

C000166869 Class C UTBCX

C000166870 Class P UTBPX

497K 1 a18-11216_4497k.htm 497K

The UBS Funds

Summary Prospectus Supplement | April 20, 2018

Includes:

• UBS Total Return Bond Fund

Dear Investor,

The purpose of this supplement is to update the Summary Prospectus with respect to the UBS Total Return Bond Fund series of shares of The UBS Funds, dated October 27, 2017, as follows:

Jeffrey Haleen and Branimir Petranovic will be added as portfolio managers for UBS Total Return Bond Fund.

Therefore, the bullets under the heading "UBS Total Return Bond Fund" and the sub-heading "Portfolio managers" of the Summary Prospectus are deleted in their entirety and replaced by the following:

• Scott E. Dolan, portfolio manager of the Predecessor Fund since 2012 and of the Fund since its inception.

• Craig G. Ellinger, portfolio manager of the Predecessor Fund since 2012 and of the Fund since its inception.

• Jeffrey Haleen, portfolio manager of the Fund since April 2018.

• Branimir Petranovic, portfolio manager of the Fund since April 2018.

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

ZS-948

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