For period ending December 31, 2016			Exhibit 77O

File number 811-06637

FORM 10f-3
Registered Domestic Securities and Government Securities

FUND:  UBS U. S. Small Cap Growth Fund
Name of Adviser or Sub-Adviser:  UBS Asset Management (Americas) Inc.
1.  Issuer:  Medpace Holdings Inc.
2.  Date of Purchase:  08/11/2016
3.  Underwriter(s) from whom purchased:  Jefferies LLC
4.  "Affiliated Underwriter" managing or participating in syndicate:
UBS Investment Bank_______________
5.  Aggregate principal amount or number of shares purchased: 20,000 shares (Firmwide)
4,300 shares (Fund)
6.  Aggregate principal amount or total number of shares of offering:  7,000,000 shares
7.  Purchase price per unit or share (net of fees and expenses):  $23                                         ___
8.  Initial public offering price per unit or share:  $23___                                                           __
9.  Commission, spread or profit: 6.25%

10.  Have the following conditions been satisfied?
YES
NO
a.	The securities are part of an issue registered under the Securities Act of 1933 that is being offered to the public, or is part of an issue of government securities (as defined in section 2(a)(16) of the 1940 Act).
b.	The securities were purchased prior to the end of the first day on which any sales are made (or, if a rights offering, the securities were purchased on or before the fourth day preceding the day on which the offering terminated).
c.	The securities purchased at a price not more than the price paid by each other purchaser in the offering.
d.	The underwriting was a firm commitment underwriting.


X_______


X_______





X_______


X_______



_______


_______





_______


_______

e.	The commission, spread or profit was reasonable and fair in relation to that being received by others for underwriting similar securities during the same period.
f.	The issuer of the securities and any predecessor has been in continuous operation for not less than three years.

X_______


X_______

_______


_______

g.	The amount of such securities purchased by the Fund and all other accounts over which the Adviser (or Sub-Adviser, if applicable) exercises investment discretion did not exceed 25% of the principal amount of the offering.


X_______


_______
h.	No Affiliated Underwriter benefited directly or indirectly from the purchase.

X_______

_______

Note: Refer to the Rule 10f-3 Procedures for the definitions of the capitalized terms above.  In particular, "Affiliated Underwriter" is defined as affiliates of the Adviser or Sub-Adviser participating in a selling syndicate, as applicable.
Approved: /s/ Leesa D. Merrill	_______________________		Date: 10/27/2016

Print Name: Leesa D. Merrill         ________________        ______________________________












FORM 10f-3
Registered Domestic Securities and Government Securities

FUND:  UBS U. S. Small Cap Growth Fund
Name of Adviser or Sub-Adviser:  UBS Asset Management (Americas) Inc.
1.  Issuer:  FB Financial Corp
2.  Date of Purchase:  09/16/2016
3.  Underwriter(s) from whom purchased:  J.P. Morgan Securities LLC
4.  "Affiliated Underwriter" managing or participating in syndicate:
UBS Investment Bank_______________
5.  Aggregate principal amount or number of shares purchased: 175,000 shares (Firmwide)
37,400 shares (Fund)
6.  Aggregate principal amount or total number of shares of offering:  5,882,352 shares
7.  Purchase price per unit or share (net of fees and expenses):  $19                                         ___
8.  Initial public offering price per unit or share:  $19___                                                           __
9.  Commission, spread or profit: 7.00%

10.  Have the following conditions been satisfied?
YES
NO
a.	The securities are part of an issue registered under the Securities Act of 1933 that is being offered to the public, or is part of an issue of government securities (as defined in section 2(a)(16) of the 1940 Act).
b.	The securities were purchased prior to the end of the first day on which any sales are made (or, if a rights offering, the securities were purchased on or before the fourth day preceding the day on which the offering terminated).
c.	The securities purchased at a price not more than the price paid by each other purchaser in the offering.
d.	The underwriting was a firm commitment underwriting.


X_______


X_______





X_______


X_______



_______


_______





_______


_______

e.	The commission, spread or profit was reasonable and fair in relation to that being received by others for underwriting similar securities during the same period.
f.	The issuer of the securities and any predecessor has been in continuous operation for not less than three years.

X_______


X_______

_______


_______

g.	The amount of such securities purchased by the Fund and all other accounts over which the Adviser (or Sub-Adviser, if applicable) exercises investment discretion did not exceed 25% of the principal amount of the offering.


X_______


_______
h.	No Affiliated Underwriter benefited directly or indirectly from the purchase.

X_______

_______

Note: Refer to the Rule 10f-3 Procedures for the definitions of the capitalized terms above.  In particular, "Affiliated Underwriter" is defined as affiliates of the Adviser or Sub-Adviser participating in a selling syndicate, as applicable.
Approved: /s/ Leesa D. Merrill	_______________________		Date: 10/27/2016

Print Name: Leesa D. Merrill         ________________        ______________________________













The UBS Funds

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