0001104659-19-077179.txt : 20191231 0001104659-19-077179.hdr.sgml : 20191231 20191231125044 ACCESSION NUMBER: 0001104659-19-077179 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20191231 DATE AS OF CHANGE: 20191231 EFFECTIVENESS DATE: 20191231 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: 191318858 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 S000003135 UBS DYNAMIC ALPHA FUND

C000008503 CLASS A BNAAX

C000008506 CLASS P BNAYX

497K 1 a19-26422_3497k.htm 497K

The UBS Funds

Summary Prospectus Supplement | December 31, 2019

Includes:

• UBS Dynamic Alpha Fund

Dear Investor,

The purpose of this supplement is to update the Summary Prospectus with respect to the UBS Dynamic Alpha Fund series of The UBS Funds, dated October 28, 2019, as follows:

Effective January 1, 2020, José Ignacio Andrés will no longer serve as portfolio manager for UBS Dynamic Alpha Fund. Alain Bützberger will take over Dr. Andrés's responsibilities as a portfolio manager.

Therefore, effective January 1, 2020, the bullets under the heading "UBS Dynamic Alpha Fund" and the sub-heading "Portfolio managers" on page 7 are deleted in their entirety and replaced by the following:

– Alan Zlatar, portfolio manager of the Fund since 2018.

– Alain Bützberger, portfolio manager of the Fund since January 2020.

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

ZS-1037

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