0001104659-20-078969.txt : 20200630 0001104659-20-078969.hdr.sgml : 20200630 20200630160831 ACCESSION NUMBER: 0001104659-20-078969 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20200630 DATE AS OF CHANGE: 20200630 EFFECTIVENESS DATE: 20200630 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: 201002415 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 a20-23343_2497k.htm 497K

The UBS Funds

Summary Prospectus Supplement | June 30, 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 (the "Fund") series of The UBS Funds, dated October 28, 2019, as supplemented, as follows:

Effective June 18, 2020, Philip Brides no longer serves as a portfolio manager for the Fund, and Paul Lang is added as a portfolio manager to the Fund.

Therefore, the bullets under the heading "UBS Global Allocation Fund" and the sub-heading "Portfolio managers" on page 6 are deleted in their entirety and replaced by the following:

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

• Paul Lang, portfolio manager of the Fund since June 2020.

• Gian Plebani, portfolio manager of the Fund since 2017.

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

ZS-1064

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