The UBS Funds
Summary Prospectus Supplement | June 1, 2021
Includes:
• UBS Dynamic Alpha Fund
Dear Investor,
The purpose of this supplement is to update the Summary Prospectus with respect to UBS Dynamic Alpha Fund, a series of The UBS Funds, dated October 28, 2020 (as revised November 2, 2020), as follows:
Effective June 1, 2021, Alain Bützberger will no longer serve as a portfolio manager for UBS Dynamic Alpha Fund, and Benjamin Suess will be added as a portfolio manager to UBS Dynamic Alpha Fund.
Therefore, effective June 1, 2021, the bullets under the heading "UBS Dynamic Alpha Fund" and the sub-heading "Portfolio managers" on page 7 are deleted in their entirety and replaced with the following:
• Alan Zlatar, portfolio manager of the Fund since 2018.
• Benjamin Suess, portfolio manager of the Fund since June 2021.
PLEASE BE SURE TO RETAIN THIS IMPORTANT INFORMATION FOR FUTURE REFERENCE.
ZS-1103