<SEC-DOCUMENT>0001104659-21-035068-index.html : 20210311
<SEC-HEADER>0001104659-21-035068.hdr.sgml : 20210311
<ACCEPTANCE-DATETIME>20210311165836
ACCESSION NUMBER:		0001104659-21-035068
CONFORMED SUBMISSION TYPE:	N-CSRS
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20201231
FILED AS OF DATE:		20210311
DATE AS OF CHANGE:		20210311
EFFECTIVENESS DATE:		20210311

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:		N-CSRS
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06637
		FILM NUMBER:		21734012

	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
<SERIES-AND-CLASSES-CONTRACTS-DATA>
<EXISTING-SERIES-AND-CLASSES-CONTRACTS>
<SERIES>
<OWNER-CIK>0000886244
<SERIES-ID>S000002978
<SERIES-NAME>UBS U.S. Sustainable Equity Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008178
<CLASS-CONTRACT-NAME>Class A
<CLASS-CONTRACT-TICKER-SYMBOL>BNEQX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008181
<CLASS-CONTRACT-NAME>CLASS P
<CLASS-CONTRACT-TICKER-SYMBOL>BPEQX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000886244
<SERIES-ID>S000002979
<SERIES-NAME>UBS GLOBAL ALLOCATION FUND
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008182
<CLASS-CONTRACT-NAME>CLASS A
<CLASS-CONTRACT-TICKER-SYMBOL>BNGLX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008185
<CLASS-CONTRACT-NAME>CLASS P
<CLASS-CONTRACT-TICKER-SYMBOL>BPGLX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000886244
<SERIES-ID>S000002980
<SERIES-NAME>UBS International Sustainable Equity Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008186
<CLASS-CONTRACT-NAME>CLASS A
<CLASS-CONTRACT-TICKER-SYMBOL>BNIEX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008189
<CLASS-CONTRACT-NAME>CLASS P
<CLASS-CONTRACT-TICKER-SYMBOL>BNUEX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000222877
<CLASS-CONTRACT-NAME>Class P2
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000886244
<SERIES-ID>S000002985
<SERIES-NAME>UBS U.S. SMALL CAP GROWTH FUND
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008206
<CLASS-CONTRACT-NAME>CLASS A
<CLASS-CONTRACT-TICKER-SYMBOL>BNSCX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008209
<CLASS-CONTRACT-NAME>CLASS P
<CLASS-CONTRACT-TICKER-SYMBOL>BISCX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000886244
<SERIES-ID>S000003134
<SERIES-NAME>UBS Emerging Markets Equity Opportunity Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008502
<CLASS-CONTRACT-NAME>CLASS P
<CLASS-CONTRACT-TICKER-SYMBOL>UEMPX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000200986
<CLASS-CONTRACT-NAME>CLASS P2
<CLASS-CONTRACT-TICKER-SYMBOL>EMPTX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000886244
<SERIES-ID>S000003135
<SERIES-NAME>UBS DYNAMIC ALPHA FUND
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008503
<CLASS-CONTRACT-NAME>CLASS A
<CLASS-CONTRACT-TICKER-SYMBOL>BNAAX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008506
<CLASS-CONTRACT-NAME>CLASS P
<CLASS-CONTRACT-TICKER-SYMBOL>BNAYX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000886244
<SERIES-ID>S000047156
<SERIES-NAME>UBS Municipal Bond Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000147812
<CLASS-CONTRACT-NAME>Class A
<CLASS-CONTRACT-TICKER-SYMBOL>UMBAX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000147814
<CLASS-CONTRACT-NAME>Class P
<CLASS-CONTRACT-TICKER-SYMBOL>UMBPX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000886244
<SERIES-ID>S000053041
<SERIES-NAME>UBS Total Return Bond Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000166868
<CLASS-CONTRACT-NAME>Class A
<CLASS-CONTRACT-TICKER-SYMBOL>UTBAX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000166870
<CLASS-CONTRACT-NAME>Class P
<CLASS-CONTRACT-TICKER-SYMBOL>UTBPX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000886244
<SERIES-ID>S000063381
<SERIES-NAME>UBS Engage For Impact Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000205441
<CLASS-CONTRACT-NAME>Class P
<CLASS-CONTRACT-TICKER-SYMBOL>UEIPX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000886244
<SERIES-ID>S000063382
<SERIES-NAME>UBS Sustainable Development Bank Bond Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000205443
<CLASS-CONTRACT-NAME>Class P2
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000205444
<CLASS-CONTRACT-NAME>Class P
<CLASS-CONTRACT-TICKER-SYMBOL>UDBPX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000886244
<SERIES-ID>S000068969
<SERIES-NAME>UBS US Dividend Ruler Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000220414
<CLASS-CONTRACT-NAME>Class P
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000886244
<SERIES-ID>S000068970
<SERIES-NAME>UBS US Quality Growth At Reasonable Price Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000220415
<CLASS-CONTRACT-NAME>Class P
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSRS
<SEQUENCE>1
<FILENAME>tm211872d1_ncsrs.htm
<DESCRIPTION>N-CSRS
<TEXT>
Document 1 - file: tm211872d1_ncsrs.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>tm211872d1_ex99cert.htm
<DESCRIPTION>EXHIBIT 99.CERT
<TEXT>
Document 2 - file: tm211872d1_ex99cert.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.906CERT
<SEQUENCE>3
<FILENAME>tm211872d1_ex99-906cert.htm
<DESCRIPTION>EXHIBIT 99.906CERT
<TEXT>
Document 3 - file: tm211872d1_ex99-906cert.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>j2118722_aa001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 4 - file: j2118722_aa001.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>j2118722_ca002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 5 - file: j2118722_ca002.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>j2118722_za003.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 6 - file: j2118722_za003.jpg

</DOCUMENT>
</SEC-DOCUMENT>