0001104659-22-045881.txt : 20220414 0001104659-22-045881.hdr.sgml : 20220414 20220414125504 ACCESSION NUMBER: 0001104659-22-045881 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20220414 DATE AS OF CHANGE: 20220414 EFFECTIVENESS DATE: 20220414 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: 22826646 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 S000047156 UBS Municipal Bond Fund

C000147812 Class A UMBAX

C000147814 Class P UMBPX

497K 1 a22-4453_12497k.htm 497K

The UBS Funds

Summary Prospectus Supplement | April 14, 2022

Includes:

• UBS Municipal Bond Fund

Dear Investor,

The purpose of this supplement is to update the information in the Summary Prospectus, dated October 28, 2021, as supplemented, for UBS Municipal Bond Fund (the "Fund"), a series of The UBS Funds, as follows:

Effective April 14, 2022, Elbridge T. Gerry III will no longer serve as a portfolio manager for the Fund. The remaining portfolio managers of the Fund, Charles W. Grande, Kevin McIntyre, and Ryan Nugent, will assume Mr. Gerry's portfolio management responsibilities for the Fund.

Therefore, effective April 14, 2022, all references to Elbridge T. Gerry III are hereby deleted in their entirety.

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

ZS-1155

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