0001104659-23-084738.txt : 20230727 0001104659-23-084738.hdr.sgml : 20230727 20230727153542 ACCESSION NUMBER: 0001104659-23-084738 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20230727 DATE AS OF CHANGE: 20230727 EFFECTIVENESS DATE: 20230727 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: 231118013 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 S000053041 UBS Multi Income Bond Fund

C000166868 Class A UTBAX

C000166870 Class P UTBPX

497K 1 a23-22136_3497k.htm 497K

The UBS Funds

Summary Prospectus Supplement | July 27, 2023

Includes:

• UBS Multi Income Bond Fund

Dear Investor,

The purpose of this supplement is to update the information in the Summary Prospectus, dated October 28, 2022, for UBS Multi Income Bond Fund (the "Fund"), a series of The UBS Funds, as follows:

Craig G. Ellinger no longer serves as a portfolio manager for the Fund. The remaining portfolio managers of the Fund, Scott Dolan, Branimir Petranovic, Jeffrey Haleen, and David Kim, will assume Mr. Ellinger's portfolio management responsibilities for the Fund.

Additionally, the information under the heading "Portfolio managers" in the Summary Prospectus is deleted in its entirety and replaced by the following:

• Scott E. Dolan, portfolio manager of the Predecessor Fund since 2012 and of the Fund since its inception.

• Branimir Petranovic, portfolio manager of the Fund since 2018.

• Jeffrey Haleen, portfolio manager of the Fund since 2018.

• David Kim, portfolio manager of the Fund since June 2022.

Therefore, effective immediately, all references to Craig G. Ellinger are hereby deleted in their entirety.

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

ZS-1232

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