0001104659-20-102636.txt : 20200904 0001104659-20-102636.hdr.sgml : 20200904 20200904161711 ACCESSION NUMBER: 0001104659-20-102636 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20200904 DATE AS OF CHANGE: 20200904 EFFECTIVENESS DATE: 20200904 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: 201162043 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 S000002978 UBS U.S. Sustainable Equity Fund C000008178 Class A BNEQX C000008181 CLASS P BPEQX 0000886244 S000002979 UBS GLOBAL ALLOCATION FUND C000008182 CLASS A BNGLX C000008185 CLASS P BPGLX 0000886244 S000002980 UBS International Sustainable Equity Fund C000008186 CLASS A BNIEX C000008189 CLASS P BNUEX 0000886244 S000002985 UBS U.S. SMALL CAP GROWTH FUND C000008206 CLASS A BNSCX C000008209 CLASS P BISCX 0000886244 S000003134 UBS Emerging Markets Equity Opportunity Fund C000008499 CLASS A UEMAX C000008502 CLASS P UEMPX C000200986 CLASS P2 EMPTX 0000886244 S000003135 UBS DYNAMIC ALPHA FUND C000008503 CLASS A BNAAX C000008506 CLASS P BNAYX 0000886244 S000047156 UBS Municipal Bond Fund C000147812 Class A UMBAX C000147814 Class P UMBPX 0000886244 S000053041 UBS Total Return Bond Fund C000166868 Class A UTBAX C000166870 Class P UTBPX 0000886244 S000063381 UBS Engage For Impact Fund C000205441 Class P UEIPX C000205442 Class A 0000886244 S000063382 UBS Sustainable Development Bank Bond Fund C000205443 Class P2 C000205444 Class P UDBPX C000205445 Class A 0000886244 S000065858 UBS All China Equity Fund C000212770 Class P2 C000212771 Class A C000212772 Class P 0000886244 S000068969 UBS US Dividend Ruler Fund C000220414 Class P 0000886244 S000068970 UBS US Quality Growth At Reasonable Price Fund C000220415 Class P 497 1 a20-30011_1497.htm 497

The UBS Funds

Prospectus Supplement | September 4, 2020

Includes:

•  UBS U.S. Sustainable Equity Fund

Dear Investor,

The purpose of this supplement is to update certain information in the Prospectus with respect to the UBS U.S. Sustainable Equity Fund (the "Fund") series of The UBS Funds, dated October 28, 2019, as supplemented, as follows:

Effective August 24, 2020, Thomas Digenan no longer serves as the portfolio manager for the Fund, and Joseph Elegante and Adam Jokich are added as portfolio managers to the Fund.

Therefore, the bullets under the heading "UBS U.S. Sustainable Equity Fund-Fund Summary" and the sub-heading "Portfolio manager" on page 47 of the Prospectus are deleted in their entirety and replaced by the following:

• Joseph Elegante, portfolio manager of the Fund since August 2020.

• Adam Jokich, portfolio manager of the Fund since August 2020.

Additionally, the information under the heading "More information about the funds" and the sub-headings "Management-Portfolio management-UBS U.S. Sustainable Equity Fund" on page 144 of the Prospectus is deleted in its entirety and replaced by the following:

UBS U.S. Sustainable Equity Fund

Joseph Elegante and Adam Jokich are the portfolio managers for the UBS U.S. Sustainable Equity Fund and are jointly and primarily responsible for the day-to-day management of the Fund's portfolio. The portfolio managers lead the portfolio construction process and review the overall composition of the Fund's portfolio in an effort to ensure compliance with its stated investment objective and strategies. Information about Messrs. Elegante and Jokich are provided below.

Joseph Elegante, CFA, is lead portfolio manager for US equities, co-portfolio manager for Global Equities and senior portfolio manager on a range of Global Sustainable equity strategies within the Global Intrinsic Value team, and a Managing Director at UBS Asset Management. Mr. Elegante has over 25 years of portfolio management experience, including managing both institutional and private client portfolios. Prior to joining UBS Asset Management, Mr. Elegante was a portfolio manager at RMB Capital Management from 2012 to 2015 and a senior portfolio manager at AllianceBernstein from 2000 to 2012. Mr. Elegante has been a portfolio manager of the Fund since August 2020.

ZS-1072


Adam Jokich, CFA, is a portfolio manager within the Global Intrinsic Value team and deputy portfolio manager on US Intrinsic Value strategies at UBS Asset Management. Previously, Mr. Jokich was a quantitative analyst within the US Intrinsic Value team and also worked within the Sustainable Investors team at UBS Asset Management. Mr. Jokich has been with UBS Asset Management since 2012 and a portfolio manager of the Fund since August 2020.

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


2


The UBS Funds

Supplement to the Statements of Additional Information | September 4, 2020

Includes:

•  UBS All China Equity Fund

•  UBS Dynamic Alpha Fund

•  UBS Emerging Markets Equity Opportunity Fund

•  UBS Engage For Impact Fund

•  UBS Global Allocation Fund

•  UBS International Sustainable Equity Fund

•  UBS US Dividend Ruler Fund

•  UBS US Quality Growth At Reasonable Price Fund

•  UBS U.S. Small Cap Growth Fund

•  UBS U.S. Sustainable Equity Fund

•  UBS Municipal Bond Fund

•  UBS Sustainable Development Bank Bond Fund

•  UBS Total Return Bond Fund

Dear Investor,

The purpose of this supplement is to update the Statements of Additional Information ("SAIs") with respect to the above-listed series (the "Funds") of The UBS Funds (the "Trust") as follows:

I. UBS U.S. Sustainable Equity Fund

Effective August 24, 2020, Thomas Digenan no longer serves as the portfolio manager for the UBS U.S. Sustainable Equity Fund, and Joseph Elegante and Adam Jokich are added as portfolio managers to the UBS U.S. Sustainable Equity Fund.

ZS-1073


Therefore, on page 81 in the SAI under the heading "Investment advisory, principal underwriting and other service arrangements" and the sub-heading "Portfolio managers," the information for Thomas Digenan 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)		  
Joseph Elegante#
(UBS Engage For Impact Fund,
UBS International Sustainable
Equity Fund, and UBS U.S.
Sustainable Equity Fund)		    

3

    

$

330.1

      

22

    

$

4,213.0

      

3,454

    

$

7,421.8

    
Adam Jokich#
(UBS U.S. Sustainable
Equity Fund)		    

0

    

$

0

      

0

    

$

0

      

0

    

$

0

    

#  Messrs. Elegante and Jokich became portfolio managers of UBS U.S. Sustainable Equity Fund on August 24, 2020. Information for Messrs. Elegante and Jokich are as of June 30, 2020.

In addition, on page 84 of the SAI, under the heading "Investment advisory, principal underwriting and other service arrangements " and the sub-heading "Portfolio managers," the information for Thomas Digenan is deleted in its entirety and replaced with the following:

Portfolio manager/Fund

  

Range of shares owned

  
Joseph Elegante1
(UBS U.S. Sustainable Equity Fund)		    

None

    
Adam Jokich1
(UBS U.S. Sustainable Equity Fund)		    

None

    

1  Messrs. Elegante and Jokich became portfolio managers of UBS U.S. Sustainable Equity Fund on August 24, 2020. Information for Messrs. Elegante and Jokich are as of June 30, 2020.

II. UBS International Sustainable Equity Fund

Effective September 4, 2020, the UBS International Sustainable Equity Fund's restriction on investing over 25% of its total assets in equity securities of emerging market issuers, or securities with respect to which the return is derived from the equity securities of issuers in emerging markets, is removed.

Therefore, the third sentence in the first paragraph under the heading "Investments relating to all Funds" and the subheading "Emerging markets investments" on page 31 of the SAI is deleted in its entirety.

III. All Funds

Mr. J. Mikesell Thomas no longer serves as Trustee of the Trust. Therefore, all references to Mr. Thomas in the SAIs are hereby removed.

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


2


 GRAPHIC 2 j20300112_ba001.jpg GRAPHIC begin 644 j20300112_ba001.jpg M_]C_X 02D9)1@ ! @ 9 !D #_[ 11'5C:WD 0 $ 9 _^X #D%D M;V)E &3 ?_; (0 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! M 0$! 0$! 0$! 0$! 0(" @(" @(" @(" P,# P,# P,# P$! 0$! 0$" 0$" M @(! @(# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# M P,# P,# P,#_\ $0@ +0!Z P$1 (1 0,1 ?_$ :( & @,! M <(!@4$"0,* @$ "P$ 8# 0$! !@4$ P<"" $) H+ M$ " 0,$ 0,# @,# P(&"74! @,$$042!B$'$R( "#$403(C%0E10A9A)#,7 M4G&!&&*1)4.AL? F-'(*&<'1-2?A4S:"\9*B1%1S148W1V,H5597&K+"TN+R M9(-TDX1EH[/#T^,I.&;S=2HY.DA)2EA96F=H:6IV=WAY>H6&AXB)BI25EI>8 MF9JDI::GJ*FJM+6VM[BYNL3%QL?(R'EZ>W MQ]?G]TA8:'B(F*BXR-CH^#E)66EYB9FIN /?NO=%?^;/ M<797Q[^(GR/[RZ#J\EA]OSXK;4 M]+GZ^')5<"QM'221SLI.A@>??NO=:8_QA_X4%?)K^87_ #GO@!T/0TV6^/77 M^$[6^1NUNU^K^O\ L'&;GZ][:V9DNJ*GZWVO?NO=<5=&+JK*QC8)(%8$HY19 K@&ZL4=6L>;$'\ M^_=>ZY>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[I.[HW?M/8^ M)ESV]=T;=VA@H&*39K=&;QNW\3"XAFJ"LN1RU324<;"GIY)+%P=",WT4D>Z] MU[:^[]I[XQ,6>V5NC;N[\%.P2'-;7S>-W!B9G,,-0%BR.)J:NCD8T]1')8.3 MH=6^C GW7NE%[]U[JE'_ (4#?*+I_P",W\L;Y 0]RX+?&XL%WAMO(]*8W$;. MRO8VQDR==NC'5577X?)]O;"V)V!1=:UF:V_C*RFQ+9JB?#YO+24^,KE^PJJV M2+W7NM&[X6_S^_D;U#T)\B/Y4GS8[#WYM;8F[-G]C?';J;Y.Y3*9SZ/3\?/Y9V MQ_@/_/)_D_=I;'^2F%^4F&^9O87RG[1VUV3M"FV?3[/RG7FV^FYZ;9>4I9=D MX7#8#);JSJ-TKZKS04?NO=*#_A)3\LL!N3K_ +[^-&_L?WE4?*/Z^2[_P *F_A-\6_@;_,$Z>ZA^)'46'Z8ZXW'\..ONR,WM?"9 MC=6;I:_>^8[L^0NV,EGY*O=^>W#DHZBJP.S\;3F-)U@"TJE4#L[-[KW7T7_Y M57P"^('PK^/FT-W_ !?Z3P?4NY/D/TWT#N3N;*8C.;QS$N^LWM[9-;E,-D*^ M+=.X\[34$E#7[^R\BK1)31L:U@RL%C">Z]UKR_\ "DC^6]\)<%VQ\ >\L3T' MM^B[6^7G\T?HGK?Y';Q3<&^'K>T-D[TAR%/N? 96BFW1)B<53Y:''PJ\F-IZ M*=- T.MS?W7NK.?YHO\ *#_EP;9_E-_(7!8+XN[5Q^)^$WQ&^=7;7Q;HH]U= MDR)U%V)NOJS-]C[AW/AWGWI+-F*K);UV-BJ]HLJU?3+)1JB1K$TB/[KW6G)_ MPE(^ 7Q ^?GR#^5^T/E]TG@^[-M[ Z;V7N39^+SF^..P M?D/B=]9K";!PG8^Z,W2;/WKTO7;%I]UX.IGW)EQ,3)_#-T-F1 M)*:R*62:G:.&'W7NMVS8'\T23(?R2L;_ #5-V;/I8]R4/P^RO=>:V+&M=1X; M+]K;;P>0PTVW*%V45]#M7<_9V,\%-/ZWAQU4DFI].IO=>ZUWOY!WP>ZR_G9; M([Y_FQ=TYC^[W7FW\MAL' MAFRK[UAIJ/$:),90XZAIZA(FJJAID]U[K%_-R_E8=5?RE?DO\!?Y@W\NK(]C M?&79.]?FKT5T7\C.G^K>Q-Y8[;.;Q^[-S3[CH\GAH:K<#UM)MWZWK_?NO=(OL3!]=[EV7N#;_ &QB-EY_KK,4:8_= M6$[$Q^#RNR\KCZJI@BCH=P8W*G =C09^JH:S:V3R-%EOMLI59!JO[BLRONO=:$GS$K.KZ7YA MX2+^7-EOG'%_+OQ&_.ZG^/&3C@W2FHVQ;8::E]U[K:Q^,O1OQZ^/&P:;J[X^X'8.'QVV,;M7;VZJS:.+V1C= MP[BR>SMK8O8^'R_8;[(Q.#H:S_=>Z^8)_P +5O\ MZ;T'_XH!U9_\$5\JO?NO=?1[^)O_9+'QH_\5_Z:_P#? M=;<]^Z]U0#_PI?\ ^Z.'_C7[XP__ "<]^Z]U;_\ S8O^W67\RS_Q0#YD?_ Z M]C>_=>Z^='_PED^8.]/A]W[\J-R;,^&_RG^8]5O'I_9N#K=L_%G9>*WIG]FT M]#O26OCSNZJ7*YO"1T6'KY#]O#(C.6F%B .??NO=#5_,Y[ZRW\Z7^:'U#TE\ M_MUK_)HZ&Z6Q-7MWK79_RZV'V?B^ULIB]^9C#5.[=Z3U$VS*'J_#Y[L63;U% M'35V:SN$VK08S%PM'7Y&92:SW7NM]CM?^7QTUV/_ "O-V_RW>HL@NS^GL]\6 MI.ANJMQQ5QSXPU+3[2BI-@;UR>1HVC.ZV7/4M'ELC*K*&^ZRM2AP6,;)9G&T>X.K-P9:LK4AQW\0C MR&.\NI9,K#(\44GNO=;@/OW7NOGP_/7L2L^7GSA^5GR<_F"?''Y"_,?^5_\ M!OY>]M?#+<7QY^/N]NPMLR?&_;G3'6,N;S'RDW-UML?,[#R^^:7>N[\O!4Y' M=51N;#T6W\1!+3U#54-5AXJ;W7NJ =D?RU.^>_OD]\..DMS;:[Z^,'P+^?W: MW=6Z/Y=>:[.JL+VQ2[/V+N^"NW!L7)U.W*?=L=$N2KL/'M;^\T9EPU7GJ$1Y M"$5"+2N?=>ZNP_F&J:[;WQ>K.K]Y3Y:A_AN9D>:MJ*%W%VEM[]U[HJG M\XC^6/V;@OYK& QW\JO,R=J]@?/_ *\[.^277NU_BU1[*ZJZ^V;T'N+$P[8R M6(VCOS;V\Z3:L^+W2FWMSOF\M%78O%YK'96GI%C=Z^H@F]U[IGZFP6W>J.A] ML?*W^5/\3OE?\-_D;_+DZ0W!O#YU?+WO#LK=F+ZL[0^1/6.X=DX#L3XQ/LK+ M9[<_679]'N2BDS]3/MS'46V*^.":A%52HL,ZU'NO=?3=Z.[)'L614D6JQG\4\,@8 AT-P/?NO=?-N_P"% MKN!RU/\ S+OCANB:DD3!YCX,;(P..KS_ )JIRVV^_?D1D,S2(?\ CI0T>ZJ! MV_PJ%]^Z]U]#3X&;TQ/8_P '?AMO_!21RX?>OQ8^/VZ<:T4OG5:3.]3[3R4, M1E,<+-) M1H?4B,'4AE4@@>Z]U0A_P *5,[_ !'M7^1UU!BZ7^(;MW[_ #5N MEMT8*@AGM6U5+LC.[5P&2$-,T/B>G2K[)HO-.\T:T]UN&5RT?NO=7/\ \V+_ M +=9?S+/_% /F1_\#KV-[]U[K2"_X1#?]E3_ #@_\5_Z]_\ ?BS^_=>ZLS_X M6S=:]=5WP5^*G<-;BL6>VMK?+.BZUVSFS]K'FEZZW[T]VONC?.*3T"NJL6VY M>M]O3-9C%3RA;@-,+^Z]TKOY(7\Q'M?XX?\ ":7=_P KM^;'KN\#\+L]VEM7 MK[:&>WO4['J-Y]4;5W1M&HQF&@WY-M+?$V.H=FKO?(8W&C^&UT<5-AX*!/%& MBF'W7NMEZBVG\:?YBWQ:Z@WIW#TOU+W9U-WAU3L/MC![4[&VOMSM#;E#0=D[ M-Q.YZ&HPU5N3 J$KJ6BRR+#DJ>GHJL,BRH(7 "^Z]U\W_P#X5#_RO-Y=QL_FJK(9V7:.X*#> M<8-#6U,\V,JZ0F&:2"IC@H_=>ZV0/]G"^=7_ #UO8'_<(%_LX7_ ?,?]EU?\ M];_GO^9@?\V_^!G^U>_=>Z=/DG_(+^8NV/G]\A?YD'Q5[J^-GR"W#\CLAW5M M;L'XB_*G9G8W474-=TIWSUI0]9;TVA6;LZ"W:/[]9C^!Q&!WRF'H8Z_[>FR5 M9-4Y:$3O[KW5;GR4_E0?S!_A/_+=[C^6/?7;.VY-P_ CHS>6S?@1\9N@.Q^W M>S=M?'[&?(C?FW.L>_\ N[-=D=NI'N?^]&RNC]S9.7;U#B@N-V^F.I,A2-1U MM(PD]U[HDVYOY=OQ?K_D1\.>U_C[_)$_F2]R? CX\X')X/Y?;APF&WQN#-?. M=L_B\K'U#WO\=,;3]D')=D;)R];]MNFIEVU48;%5V.K(L7-#C:=(I)/=>Z-? M_+I_E^=J?*'._++=/\MSN#?7Q5WM\ >Z<9@_B-M;O;-[^J<7LO97RNZ:_O-\ MMO@%W!OO:=2O9VV%Z=[',F+3)X*H?-[:S[9+(P.Z]T/F0_X30_S M_ECTUTO\9OD%V#\1OAITE\>JKNC?.$S_ $+N'Y&_)+MSNSN;O0XFIWMOGN@= MG[PV-M;-39.KV_1(^0$ZY&FI%EI*>,4TBK'[KW6\=L+;4^R]C;+V=59;^/5. MT]I[=VU49W^#X?;W\:GP6'H\7-EOX!MVDQ^W\'_$9*4S?9T,$%'3:_'#&D:J MH]U[JE?^>C_)0V1_.'Z3V/C<;O:AZC^1O2-=GLCT[V9DL349?;E9C-T18Y=U M==[_ *#'R19.;:NX9\+13P5M/YJO#UM,)H8IXI:NEJ?=>ZJ0^!73'_"HW^6' MT_C?B1M#H/X7?+[I;8\V5I>K-T[N[N&-J]A8RNK*B:+!8;-U^Y^K]TY38-)D MIY*ZGHZ/3\5OY6/SR^0_SZZU_F<_SANT.D\EO_ M ./N#R>-^*OQ'^-]/N&KZDZ?R>7^^CEW=N3.[F9I:_';? M;5;UQG^N4[.V7/L'$9/96-AHJJBW'4)BMRY"J<5!6-)J6)#Z9#[]U[K6)_D] M?RDOY[?\GSLGN+LGK;XT?$CN*N[BV/@MCY+&[X^29P5)AJ3!9Y\]%74,N!Q+ MS3U$\S^-ED](7D<^_=>Z,A\O?Y(_\ZC^=%W+U9N/^97\@OB1\:/C]UA]S+MO MI_XSCL+L#);;.X(,=)NBNH<)N:BH\3F]\9J'$T]%/E\GNFJIJ JST-$8#)!4 M>Z]UL%=I_P JCJD_RF-^?RI_C7E8^G-@9;I#)=5;-W=N'&G>%;!F\CDUW-EM M[[V@QU1MHY[<&]=V-4U^8J*;[5/NJ^:2"G2-8Z8>Z]U3K\#.E?\ A1K_ "IN MG\=\4,;T/\1/YAW0NP9*RCZ9SM#\D:SJ'?.QMO5V2R627;M5G.QMM85\EM>A M>;538Z7&5$^,-0*>GKYJ.***#W7NDWVC_);_ )AW\X_YB=1_([^<)F.E.A?B M]T71M%US\*^@-Y9KL;=-=392NQ.5W?@-W]C)0XK!X>3?E9AJ!,[G,;7U]74T M6.BHZ*DQY$=>GNO=;;/^CS8'_/#[/_X\_P#T>?\ 'LX7_CP/^>'_ . 7_'G_ M /5L_P" 7_-OW[KW2P]^Z]T'?;W^C#_1-VA_IN_NG_H7_P!'>]?]+O\ ?W[# M^XW^C#^[63_O]_?/^*?[C/[I_P!U/N_XC]S^Q]GY/)Z+^_=>Z^71W91_%"7Y MF?#*7X&;B_GK4'PR.4^5_P#H.HNM=EQ9?>*;7BPV_<)NZ3KO( M0DQ[@_C-&N3HXQ))+]S7&6(>Z]U] W^3/_PWM_L@O5'_ V=]O\ [+A]QE_O M?XCYO])O^E/_ "/^_P!_IR^__P!S/^F#[G[?^(_=?M_9_:?8?[BOL/?NO=6G M>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U ([KWOW7NO_]D! end GRAPHIC 3 j20300111_ba001.jpg GRAPHIC begin 644 j20300111_ba001.jpg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end