0001104659-19-077185.txt : 20191231 0001104659-19-077185.hdr.sgml : 20191231 20191231130014 ACCESSION NUMBER: 0001104659-19-077185 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 4 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: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-47287 FILM NUMBER: 191318892 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

497 1 a19-26422_2497.htm 497

The UBS Funds

Supplement to the Statement of Additional Information | December 31, 2019

Includes:

• UBS Dynamic Alpha Fund

Dear Investor,

The purpose of this supplement is to update the Statement of Additional Information ("SAI") 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 the UBS Dynamic Alpha Fund. Alain Bützberger will assume Dr. Andrés's portfolio management responsibilities for the UBS Dynamic Alpha Fund.

Therefore, on page 80 in the SAI under the heading "Investment advisory, principal underwriting and other service arrangements" and the sub-heading "Portfolio managers," the information for José Ignacio Andrés is deleted in its entirety and replaced with the following:

				Registered investment companies								Other pooled investment vehicles								Other accounts
Portfolio manager (Funds managed)				Number				Assets managed (in millions)				Number				Assets managed (in millions)				Number				Assets managed (in millions)
Alain Bützberger^#(UBS Dynamic Alpha Fund)					0			$	0				16			$	11,997				4			$	223

^#Mr. Bützberger became a portfolio manager of UBS Dynamic Alpha Fund on January 1, 2020. Information for Mr. Bützberger is as of November 30, 2019.

In addition, on page 83 of the SAI, under the heading "Investment advisory, principal underwriting and other service arrangements " and the sub-heading "Portfolio managers," the information for José Ignacio Andrés is deleted in its entirety and replaced with the following:

Portfolio manager/Fund				Range of shares owned
Alain Bützberger¹(UBS Dynamic Alpha Fund)				None

¹ Mr. Bützberger became a portfolio manager of UBS Dynamic Alpha Fund on January 1, 2020. Information for Mr. Bützberger is as of November 30, 2019.

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

ZS-1038

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