0001104659-20-041963.txt : 20200401 0001104659-20-041963.hdr.sgml : 20200401 20200401172554 ACCESSION NUMBER: 0001104659-20-041963 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20200401 DATE AS OF CHANGE: 20200401 EFFECTIVENESS DATE: 20200401 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: 20766501 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 S000002979 UBS GLOBAL ALLOCATION FUND C000008182 CLASS A BNGLX C000008185 CLASS P BPGLX 497K 1 a20-12947_3497k.htm 497K

The UBS Funds

Summary Prospectus Supplement | April 1, 2020

Includes:

•  UBS Global Allocation Fund

Dear Investor,

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

Effective April 1, 2020, Nicole Goldberger will be added as a portfolio manager for UBS Global Allocation Fund.

Therefore, effective April 1, 2020, the following is added under the heading "UBS Global Allocation Fund" and the sub-heading "Portfolio managers" on page 6 of the Summary Prospectus:

• Nicole Goldberger, portfolio manager of the Fund since April 2020.

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

ZS-1043



GRAPHIC 2 j20129473_ba003.jpg GRAPHIC begin 644 j20129473_ba003.jpg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end