-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, K15WzDMrXDMAsBL5WOwTMglR6uUCrybX8Gc8E05iZ8SGlzfO0Y5PaCSpoJjQgWNu MqKF4f+11PRFMLAQDx5B7A== 0001450791-09-000066.txt : 20091106 0001450791-09-000066.hdr.sgml : 20091106 20091106105616 ACCESSION NUMBER: 0001450791-09-000066 CONFORMED SUBMISSION TYPE: 485BXT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20091106 DATE AS OF CHANGE: 20091106 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: 485BXT SEC ACT: 1933 Act SEC FILE NUMBER: 033-47287 FILM NUMBER: 091163242 BUSINESS ADDRESS: STREET 1: C/O UBS GLOBAL ASSET MANAGEMENT (AMERICA STREET 2: ONE NORTH WACKER DR. CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 312-525-7100 MAIL ADDRESS: STREET 1: C/O UBS GLOBAL ASSET MANAGEMENT (AMERICA 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 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: 485BXT SEC ACT: 1940 Act SEC FILE NUMBER: 811-06637 FILM NUMBER: 091163243 BUSINESS ADDRESS: STREET 1: C/O UBS GLOBAL ASSET MANAGEMENT (AMERICA STREET 2: ONE NORTH WACKER DR. CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 312-525-7100 MAIL ADDRESS: STREET 1: C/O UBS GLOBAL ASSET MANAGEMENT (AMERICA 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 S000023402 UBS Tax Free Short-Intermediate Bond Fund C000068610 A C000068611 C C000068612 Y 485BXT 1 ubsfunds485bxttobefilednovem.htm ubsfunds485bxttobefilednovem.htm - Generated by SEC Publisher for SEC Filing

As filed with the U.S. Securities and Exchange Commission on November 6, 2009
File No. 033-47287
File No. 811-06637

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933                         [X]
Pre-Effective Amendment No. __                                                                                               [   ]
Post-Effective Amendment No. 75                                                                                              [X]

and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [X]
Amendment No. 76                                                                                                                    [X]

(Check appropriate box or boxes.)

THE UBS FUNDS
(Exact Name of Registrant as Specified in Charter)

One North Wacker, Chicago, Illinois 60606
(Address of Principal Executive Office) (Zip Code)

Registrant's Telephone Number, including Area Code 312-525-7100

     Mark F. Kemper
One North Wacker Drive
Chicago, Illinois 60606
(Name and Address of Agent for Service)

Please send copies of all communications to:

     Bruce G. Leto, Esq.
Stradley, Ronon, Stevens & Young, LLP
2600 One Commerce Square
Philadelphia, PA 19103
(215) 564-8027

1



It is proposed that this filing will become effective (check appropriate box):

___ immediately upon filing pursuant to paragraph (b) 
X    on December 9, 2009 pursuant to paragraph (b)
___ 60 days after filing pursuant to paragraph (a)(1)
___ on [Date] pursuant to paragraph (a)(1)
___ 75 days after filing pursuant to paragraph (a)(2)
___ on [Date] pursuant to paragraph (a)(2) of Rule 485

If appropriate, check the following box:

_X_ This post-effective amendment designates a new effective date for a previously filed 
post-effective amendment. 
 
This Post-Effective Amendment only relates to all of the share classes of the UBS Tax Free 
Short-Intermediate Bond Fund. 

EXPLANATORY NOTE

Post-Effective Amendment Nos. 58/59 (“PEA 58/59”), was filed with the U.S. Securities and Exchange Commission (the “SEC”) via the EDGAR system pursuant to Rule 485(a)(2) on July 2, 2008 (Accession Number 0001386893-08-000031) relating solely to all of the share classes of the UBS Tax Free Short-Intermediate Bond Fund (the “Fund”) a series of The UBS Funds (the “Registrant”) to be effective on September 15, 2008. Post-Effective Amendment Nos. 59/60 was filed with the SEC via the EDGAR system pursuant to Rule 485 (b)(1)(iii) on September 11, 2008 (Accession Number 0001386893-08-000060) relating solely to all of the share classes of the Fund to extend PEA 58/59’s effective date to October 15, 2008. Post-Effective Amendment Nos. 60/61 was filed with the SEC via the EDGAR system pursuant to Rule 485(b)(1)(iii) on October 14, 2008 (Accession Number 0001386893-08-000088) relating solely to all of th e share classes of the Fund to extend PEA 58/59’s effective date to November 14, 2008. Post-Effective Amendment Nos. 62/63 was filed with the SEC via the EDGAR system pursuant to Rule 485 (b)(1)(iii) on November 13, 2008 (Accession Number 0001386893-08-000107) relating solely to all of the share classes of the Fund to extend PEA 58/59’s effective date to December 14, 2008. Post-Effective Amendment Nos. 63/64 was filed with the SEC via the EDGAR system pursuant to Rule 485 (b)(1)(iii) on December 12, 2008 (Accession Number 0001386893-08-000120) relating solely to all of the share classes of the Fund to extend PEA 58/59’s effective date to January 13, 2009. Post-Effective Amendment Nos. 64/65 was filed with the SEC via the EDGAR system pursuant to Rule 485 (b)(1)(iii) on January 12, 2009 (Accession Number 0001386893-09-000021) relating solely to all of the share classes of the Fund to extend PEA 58/59’s effective date to February 12, 2009. Post-Effective Amendment Nos. 65/66 was filed with the SEC via the EDGAR system pursuant to Rule 485 (b)(1)(iii) on February 11, 2009 (Accession Number 0001386893-09-000034) relating solely to all of the share classes of the Fund to extend PEA 58/59’s effective date to March 14, 2009. Post-Effective Amendment Nos. 66/67 was filed with the SEC via the EDGAR system pursuant to Rule 485 (b)(1)(iii) on March 13, 2009 (Accession Number 0001386893-09-000048 ) relating solely to all of the share classes of the Fund to extend PEA 58/59’s effective date to April 13, 2009. Post-Effective Amendment

2



Nos. 67/68 was filed with the SEC via the EDGAR system pursuant to Rule 485 (b)(1)(iii) on April 10, 2009 (Accession Number 0001386893-09-000067) relating solely to all of the share classes of the Fund to extend PEA 58/59’s effective date to May 13, 2009. Post-Effective Amendment Nos. 68/69 was filed with the SEC via the EDGAR system pursuant to Rule 485 (b)(1)(iii) on May 12, 2009 (Accession Number 0001386893-09-000093) relating solely to all of the share classes of the Fund to extend PEA 58/59’s effective date to June 12, 2009. Post-Effective Amendment Nos. 69/70 was filed with the SEC via the EDGAR system pursuant to Rule 485 (b)(1)(iii) on June 11, 2009 (Accession Number 0001386893-09-000107) relating solely to all of the share classes of the Fund to extend PEA 58/59’s effective date to July 12, 2009. Post-Effective Amendment Nos. 70/71 was filed with the SEC via the EDGAR system pursuant to Rule 485 (b)(1)(iii) on July 9, 2009 (Accession Number 0001450789-09-000142) relating solely to all of the share classes of the Fund to extend PEA 58/59’s effective date to August 11, 2009. Post-Effective Amendment Nos. 71/72 was filed with the SEC via the EDGAR system pursuant to Rule 485 (b)(1)(iii) on August 10, 2009 (Accession Number 0001450789-09-000164) relating solely to all of the share classes of the Fund to extend PEA 58/59’s effective date to September 10, 2009. Post-Effective Amendment Nos. 72/73 was filed with the SEC via the EDGAR system pursuant to Rule 485 (b)(1)(iii) on September 9, 2009 (Accession Number 0001450789-09-000198) relating solely to all of the share classes of the Fund to extend PEA 58/59’s effective date to October 10, 2009. Post-Effective Amendment Nos. 73/74 was filed with the SEC via the EDGAR system pursuant to Rule 485 (b)(1)(iii) on October 9, 2009 (Accession Number 0001450789-09-000244) relating solely to all of the share classes of the Fund to extend PEA 58/59’s effective date to November 9, 2009.

Pursuant to Rule 485(b)(1)(iii) of the Securities Act of 1933, as amended, this Post-Effective Amendment Nos. 75/76 to the Registration Statement relating solely to all of the share classes of the Fund is being filed solely for the purpose of delaying the effectiveness of PEA 58/59 to become effective on December 9, 2009.

Accordingly, the prospectus and statement of additional information of the Fund as filed on Form N-1A (Nos. 33-47287 and 811-6637) in PEA 58/59, are incorporated herein by reference in their entirety into this filing. As stated on the cover page to this filing, this Post-Effective Amendment No. 75/76 is intended to become effective on December 9, 2009.

3



THE UBS FUNDS

PART C

OTHER INFORMATION

ITEM 23.  EXHIBITS

(a)  Articles of Incorporation. 
 
  (1)  Certificate of Trust of the Registrant dated August 9, 1993, as filed with 
    the Office of the Secretary of State of the State of Delaware on August 13, 
    1993, is incorporated herein by reference to Post-Effective Amendment 
    No. 21 to Registrant’s Registration Statement on Form N-1A (Nos. 33- 
    47287 and 811-6637) as filed electronically with the U.S. Securities and 
                  Exchange Commission (the “SEC”) on September 15, 1998.
 
    (i)  Amendment to Certificate of Trust dated February 15, 2002 
      changing the Trust’s name to The UBS Funds, is incorporated 
      herein by reference to Post-Effective Amendment No. 39 to 
      Registrant’s Registration Statement on Form N-1A (Nos. 33-47287 
      and 811-6637) as filed electronically with the SEC on September 
      30, 2002. 
 
  (2)  Amended and Restated Agreement and Declaration of Trust (the 
    “Declaration”) effective as of September 28, 2004, as amended March 8, 
    2007, is incorporated herein by reference to Post Effective Amendment 
    No. 55 to Registrant’s Registration Statement on Form N-1A (Nos. 33- 
    47287 and 811-6637) as filed electronically with the SEC on April 10, 
    2007. 
 
    (i)  Amendment No. 1 to the Amended and Restated Agreement and 
      Declaration of Trust dated March 6, 2008 is incorporated herein by 
      reference to Post Effective Amendment No. 61 to Registrant’s 
      Registration Statement on Form N-1A (Nos. 33-47287 and 811- 
      6637) as filed electronically with the SEC on October 28, 2008. 
 
(b)  By-Laws.   
 
  (1)  By-Laws of The UBS Funds (f/k/a The Brinson Funds) dated April 25, 
    1995, are incorporated herein by reference to Post-Effective Amendment 
    No. 17 to Registrant’s Registration Statement on Form N-1A (Nos. 33- 
    47287 and 811-6637) as filed electronically with the SEC on August 29, 
    1996. 

4



    (i)  Certificate of Vice President and Assistant Secretary reflecting 
      amendments to the By-Laws dated July 1, 2002 is incorporated 
      herein by reference to Post-Effective Amendment No. 37 to 
      Registrant’s Registration Statement on Form N-1A (Nos. 33-47287 
      and 811-6637) as filed electronically with the SEC on July 19, 
      2002. 
 
    (ii)  Certificate of Vice President and Assistant Secretary reflecting 
      amendments to the By-Laws dated April 23, 2008 is incorporated 
      herein by reference to Post Effective Amendment No. 61 to 
      Registrant’s Registration Statement on Form N-1A (Nos. 33-47287 
      and 811-6637) as filed electronically with the SEC on October 28, 
      2008. 
 
(c)  Instruments Defining Rights of Security Holders. 
 
      (1)  Form of Specimen Share Certificate of The UBS Funds is incorporated 
    herein by reference to Post-Effective Amendment No. 21 to Registrant’s 
    Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637) as 
    filed electronically with the SEC on September 15, 1998. 
 
  (2)  The rights of security holders of the Registrant are further defined in the 
    following sections of the Registrant’s By-Laws and Declaration and are 
    herein incorporated by reference to such documents as applicable: 
 
    (i)  By-Laws. 
 
      Article II - “Meeting of Shareholders.” 
 
    (ii)  Declaration. 
 
      Article III – “Shares” and Article V – “Shareholders’ Voting 
      Powers and Meetings.” 
 
(d)  Investment Advisory Contracts. 
 
  (1)  Investment Advisory Agreement dated July 1, 2002 between UBS Global 
    Asset Management (Americas) Inc. (the “Advisor”) and the Registrant on 
    behalf of the UBS Global Allocation Fund is incorporated herein by 
    reference to Post-Effective Amendment No. 39 to Registrant’s 
    Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637) as 
    filed electronically with the SEC on September 30, 2002. 
 
    (i)  Amendment dated July 1, 2004 to Investment Advisory Agreement 
      dated July 1, 2002 between the Advisor and the Registrant on 
      behalf of the UBS Global Allocation Fund is incorporated herein 

5



    by reference to Post-Effective Amendment No. 43 to Registrant’s 
    Registration Statement on Form N-1A (Nos. 33-47287 and 811- 
    6637) as filed electronically with the SEC on October 28, 2004. 
 
  (ii)  Amendment Number Two dated July 1, 2005 to Investment 
    Advisory Agreement dated July 1, 2002 between the Advisor and 
    the Registrant on behalf of the UBS Global Allocation Fund is 
    incorporated herein by reference to Post Effective Amendment No. 
    61 to Registrant’s Registration Statement on Form N-1A (Nos. 33- 
    47287 and 811-6637) as filed electronically with the SEC on 
    October 28, 2008. 
 
  (iii)  Amendment Number Three dated June 2, 2006 to Investment 
    Advisory Agreement dated July 1, 2002 between the Advisor and 
    the Registrant on behalf of the UBS Global Allocation Fund is 
    incorporated herein by reference to Post Effective Amendment No. 
    61 to Registrant’s Registration Statement on Form N-1A (Nos. 33- 
    47287 and 811-6637) as filed electronically with the SEC on 
    October 28, 2008. 
 
     (2)  Investment Advisory Agreement dated July 1, 2002 between the Advisor 
  and the Registrant on behalf of the UBS Global Bond Fund is incorporated 
  herein by reference to Post-Effective Amendment No. 39 to Registrant’s 
  Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637) as 
  filed electronically with the SEC on September 30, 2002. 
 
  (i)  Amendment dated July 1, 2004 to Investment Advisory Agreement 
    dated July 1, 2002 between the Advisor and the Registrant on 
    behalf of the UBS Global Bond Fund is incorporated herein by 
    reference to Post-Effective Amendment No. 43 to Registrant’s 
    Registration Statement on Form N-1A (Nos. 33-47287 and 811- 
    6637) as filed electronically with the SEC on October 28, 2004. 
 
  (ii)  Amendment Number Two dated June 2, 2006 to Investment 
    Advisory Agreement dated July 1, 2002 between the Advisor and 
    the Registrant on behalf of the UBS Global Bond Fund is 
    incorporated herein by reference to Post Effective Amendment No. 
    61 to Registrant’s Registration Statement on Form N-1A (Nos. 33- 
    47287 and 811-6637) as filed electronically with the SEC on 
    October 28, 2008. 
 
     (3)  Investment Advisory Agreement dated April 25, 1995 between the 
  Advisor and the Registrant on behalf of the UBS International Equity 
  Fund (f/k/a Global (Ex-U.S.) Equity Fund and Brinson Non-U.S. Equity 
  Fund) is incorporated herein by reference to Post-Effective Amendment 

6



  No. 21 to Registrant’s Registration Statement on Form N-1A (Nos. 33- 
  47287 and 811-6637) as filed electronically with the SEC on September 
  15, 1998. 
 
  (i)  Certificate of the Secretary and resolutions redesignating the 
    Global (Ex-U.S.) Equity Fund as the International Equity Fund are 
    incorporated herein by reference to Post-Effective Amendment No. 
    33 to Registrant’s Registration Statement on Form N-1A (Nos. 33- 
    47287 and 811-6637) as filed electronically with the SEC on 
    December 7, 2000. 
 
  (ii)  Amendment dated July 1, 2004 to Investment Advisory Agreement 
    dated April 25, 1995 between the Advisor and the Registrant on 
    behalf of the UBS International Equity Fund is incorporated herein 
    by reference to Post-Effective Amendment No. 43 to Registrant’s 
    Registration Statement on Form N-1A (Nos. 33-47287 and 811- 
    6637) as filed electronically with the SEC on October 28, 2004. 
 
     (4)  Investment Advisory Agreement dated July 1, 2002, as amended on July 
  1, 2003 and January 1, 2004, by and between the Advisor and the 
  Registrant on behalf of the UBS Global Equity Fund is incorporated 
  herein by reference to Post-Effective Amendment No. 43 to Registrant’s 
  Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637) as 
  filed electronically with the SEC on October 28, 2004. 
 
     (5)  Investment Advisory Agreement dated July 1, 2002 between the Advisor 
  and the Registrant on behalf of the UBS U.S. Large Cap Equity Fund 
  (f/k/a UBS U.S. Equity Fund) is incorporated herein by reference to Post- 
  Effective Amendment No. 39 to Registrant’s Registration Statement on 
  Form N-1A (Nos. 33-47287 and 811-6637) as filed electronically with the 
  SEC on September 30, 2002. 
 
  (i)  Amendment dated February 17, 2004 to Investment Advisory 
    Agreement dated July 1, 2002 between the Advisor and the 
    Registrant on behalf of the UBS U.S. Large Cap Equity Fund (f/k/a 
    UBS U.S. Equity Fund) is incorporated herein by reference to 
    Post-Effective Amendment No. 43 to Registrant’s Registration 
    Statement on Form N-1A (Nos. 33-47287 and 811-6637) as filed 
    electronically with the SEC on October 28, 2004. 
 
  (ii)  Amendment dated July 1, 2004 to Investment Advisory Agreement 
    dated July 1, 2002 between the Advisor and the Registrant on 
    behalf of the UBS U.S. Large Cap Equity Fund (f/k/a UBS U.S. 
    Equity Fund) is incorporated herein by reference to Post-Effective 
    Amendment No. 43 to Registrant’s Registration Statement on 

7



     Form N-1A (Nos. 33-47287 and 811-6637) as filed electronically 
     with the SEC on October 28, 2004. 
 
     (6)  Investment Advisory Agreement dated July 1, 2002 between the Advisor 
  and the Registrant on behalf of the UBS U.S. Bond Fund is incorporated 
  herein by reference to Post-Effective Amendment No. 39 to Registrant’s 
  Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637) as 
  filed electronically with the SEC on September 30, 2002. 
 
  (i)   Amendment dated July 1, 2004 to Investment Advisory Agreement 
     dated July 1, 2002 between the Advisor and the Registrant on 
     behalf of the UBS U.S. Bond Fund is incorporated herein by 
     reference to Post-Effective Amendment No. 43 to Registrant’s 
     Registration Statement on Form N-1A (Nos. 33-47287 and 811- 
     6637) as filed electronically with the SEC on October 28, 2004. 
 
     (7)  Investment Advisory Agreement dated July 1, 2002 between the Advisor 
  and the Registrant on behalf of the UBS U.S. Small Cap Growth Fund is 
  incorporated herein by reference to Post-Effective Amendment No. 39 to 
  Registrant’s Registration Statement on Form N-1A (Nos. 33-47287 and 
  811-6637) as filed electronically with the SEC on September 30, 2002. 
 
  (i)  Amendment dated July 1, 2004 to Investment Advisory Agreement 
    dated July 1, 2002 between the Advisor and the Registrant on 
    behalf of the UBS U.S. Small Cap Growth Fund is incorporated 
    herein by reference to Post-Effective Amendment No. 43 to 
    Registrant’s Registration Statement on Form N-1A (Nos. 33-47287 
    and 811-6637) as filed electronically with the SEC on October 28, 
    2004. 
 
     (8)  Investment Advisory Agreement dated July 1, 2002 between the Advisor 
  and the Registrant on behalf of the UBS High Yield Fund is incorporated 
  herein by reference to Post-Effective Amendment No. 39 to Registrant’s 
  Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637) as 
  filed electronically with the SEC on September 30, 2002. 
 
  (i)  Amendment dated July 1, 2004 to Investment Advisory Agreement 
    dated July 1, 2002 between the Advisor and the Registrant on 
    behalf of the UBS High Yield Fund is incorporated herein by 
    reference to Post-Effective Amendment No. 43 to Registrant’s 
    Registration Statement on Form N-1A (Nos. 33-47287 and 811- 
    6637) as filed electronically with the SEC on October 28, 2004. 
 
     (9)  Investment Advisory Agreement dated December 10, 1998 between the 
  Advisor and the Registrant on behalf of the UBS Emerging Markets 

8



  Equity Fund is incorporated herein by reference to Post-Effective 
  Amendment No. 25 to Registrant’s Registration Statement on Form N-1A 
  (Nos. 33-47287 and 811-6637) as filed electronically with the SEC on 
  March 1, 1999. 
 
  (i)  Form of Certificate of the Secretary and resolutions restating the 
    Investment Advisory Agreement of the UBS Emerging Markets 
    Equity Fund are incorporated herein by reference to Post-Effective 
    Amendment No. 34 to Registrant’s Registration Statement on 
    Form N-1A (Nos. 33-47287 and 811-6637) as filed electronically 
    with the SEC on July 31, 2001. 
 
     (10)  Investment Advisory Agreement dated December 10, 1998 between the 
  Advisor and the Registrant on behalf of the UBS Emerging Markets Debt 
  Fund is incorporated herein by reference to Post-Effective Amendment 
  No. 25 to Registrant’s Registration Statement on Form N-1A (Nos. 33- 
  47287 and 811-6637) as filed electronically with the SEC on March l, 
  1999. 
 
  (i)  Form of Certificate of the Secretary and resolutions restating the 
    Investment Advisory Agreement of the UBS Emerging Markets 
    Debt Fund is incorporated herein by reference to Post-Effective 
    Amendment No. 34 to Registrant’s Registration Statement on 
    Form N-1A (Nos. 33-47287 and 811-6637) as filed electronically 
    with the SEC on July 31, 2001. 
 
     (11)  Investment Advisory Agreement dated May 23, 2000 between the Advisor 
  and the Registrant on behalf of the UBS U.S. Small Cap Equity Fund is 
  incorporated herein by reference to Post-Effective Amendment No. 31 to 
  Registrant’s Registration Statement on Form N-1A (Nos. 33-47287 and 
  811-6637) as filed electronically with the SEC on August 29, 2000. 
 
  (i)  Form of Certificate of the Secretary and resolutions restating the 
    Investment Advisory Agreement of the UBS U.S. Small Cap 
    Equity Fund are incorporated herein by reference to Post-Effective 
    Amendment No. 34 to Registrant’s Registration Statement on 
    Form N-1A (Nos. 33-47287 and 811-6637) as filed electronically 
    with the SEC on July 31, 2001. 
 
     (12)  Investment Advisory Agreement dated July l, 2002 between the Advisor 
  and the Registrant on behalf of the UBS U.S. Large Cap Value Equity 
  Fund (f/k/a UBS U.S. Value Equity Fund) is incorporated herein by 
  reference to Post-Effective Amendment No. 39 to Registrant’s 
  Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637) as 
  filed electronically with the SEC September 30, 2002. 

9



  (i)  Amendment dated February 17, 2004 to Investment Advisory 
    Agreement dated July 1, 2002 between the Advisor and the 
    Registrant on behalf of the UBS U.S. Large Cap Value Equity 
    Fund (f/k/a UBS U.S. Value Equity Fund) is incorporated herein 
    by reference to Post-Effective Amendment No. 43 to Registrant’s 
    Registration Statement on Form N-1A (Nos. 33-47287 and 811- 
    6637) as filed electronically with the SEC on October 28, 2004. 
 
  (ii)  Amendment dated July 1, 2004 to Investment Advisory Agreement 
    dated July 1, 2002 between the Advisor and the Registrant on 
    behalf of the UBS U.S. Large Cap Value Equity Fund (f/k/a UBS 
    U.S. Value Equity Fund) is incorporated herein by reference to 
    Post-Effective Amendment No. 43 to Registrant’s Registration 
    Statement on Form N-1A (Nos. 33-47287 and 811-6637) as filed 
    electronically with the SEC on October 28, 2004. 
 
     (13)  Investment Advisory Agreement dated December 7, 2000 between the 
  Advisor and the Registrant on behalf of the UBS U.S. Real Estate Equity 
  Fund is incorporated herein by reference to Post-Effective Amendment 
  No. 34 to Registrant’s Registration Statement on Form N-1A (Nos. 33- 
  47287 and 811-6637) as filed electronically with the SEC on July 31, 
  2001.   
 
  (i)  Form of Certificate of the Secretary and resolutions restating the 
    Investment Advisory Agreement of the UBS U.S. Real Estate 
    Equity Fund is incorporated herein by reference to Post-Effective 
    Amendment No. 34 to Registrant’s Registration Statement on 
    Form N-1A (Nos. 33-47287 and 811-6637) as filed electronically 
    with the SEC on July 31, 2001. 
 
     (14)  Investment Advisory Agreement dated January 1, 2005 between the 
  Advisor and the Registrant on behalf of the UBS Dynamic Alpha Fund is 
  incorporated herein by reference to Post Effective Amendment No. 61 to 
  Registrant’s Registration Statement on Form N-1A (Nos. 33-47287 and 
  811-6637) as filed electronically with the SEC on October 28, 2008. 
 
  (i)  Amendment Number One dated June 29, 2007 to Investment 
    Advisory Agreement dated January 1, 2005 between the Advisor 
    and the Registrant on behalf of the UBS Dynamic Alpha Fund is 
    incorporated herein by reference to Post Effective Amendment No. 
    61 to Registrant’s Registration Statement on Form N-1A (Nos. 33- 
    47287 and 811-6637) as filed electronically with the SEC on 
    October 28, 2008. 

10



  (15)  Investment Advisory Agreement dated March 6, 2005 between the 
    Advisor and the Registrant on behalf of the UBS Absolute Return Bond 
    Fund is incorporated herein by reference to Post Effective Amendment 
    No. 61 to Registrant’s Registration Statement on Form N-1A (Nos. 33- 
    47287 and 811-6637) as filed electronically with the SEC on October 28, 
    2008. 
 
  (16)  Investment Advisory Agreement dated March 27, 2006 between the 
    Advisor and the Registrant on behalf of the UBS U.S. Mid Cap Growth 
    Equity Fund is incorporated herein by reference to Post-Effective 
    Amendment No. 51 to Registrant’s Registration Statement on Form N-1A 
    (Nos. 33-47287 and 811-6637) as filed electronically with the SEC on 
    March 27, 2006. 
 
  (17)  Investment Advisory Agreement dated August 14, 2006 between the 
    Advisor and the Registrant on behalf of the UBS U.S. Equity Alpha Fund 
    is incorporated herein by reference to Post Effective Amendment No. 61 
    to Registrant’s Registration Statement on Form N-1A (Nos. 33-47287 and 
    811-6637) as filed electronically with the SEC on October 28, 2008. 
 
  (18)  Investment Advisory Agreement dated July 12, 2007 between the Advisor 
    and the Registrant on behalf of the UBS Global Frontier Fund is 
    incorporated herein by reference to Post Effective Amendment No. 61 to 
    Registrant’s Registration Statement on Form N-1A (Nos. 33-47287 and 
    811-6637) as filed electronically with the SEC on October 28, 2008. 
 
  (19)  Form of Investment Advisory Agreement between the Advisor and the 
    Registrant on behalf of the UBS Tax Free Short-Intermediate Bond Fund 
    is incorporated herein by reference to Post Effective Amendment No. 58 
    to Registrant’s Registration Statement on Form N-1A (Nos. 33-47287 and 
    811-6637) as filed electronically with the SEC on July 2, 2008. 
 
  (20)  Expense Limitation Agreement between the Advisor and the Registrant 
    dated July 1, 2009 is incorporated herein by reference to Post Effective 
    Amendment No. 74 to Registrant’s Registration Statement on Form N-1A 
    (Nos. 33-47287 and 811-6637) as filed electronically with the SEC on 
    October 28, 2009. 
 
(e)  Underwriting Contracts. 
 
  (1)  Principal Underwriting Contract, dated November 5, 2001, between UBS 
    Global Asset Management (US) Inc. (f/k/a Brinson Advisors, Inc.) and the 
    Registrant is incorporated herein by reference to Post-Effective 
    Amendment No. 37 to Registrant’s Registration Statement on Form N-1A 

11



    (Nos. 33-47287 and 811-6637) as filed electronically with the SEC on July 
    19, 2002. 
 
(f)  Bonus or Profit Sharing Contracts. 
 
  Not Applicable. 
 
(g)  Custodian Agreements. 
 
  (1)  Custodial arrangements are provided under the Multiple Services 
    Agreement dated May 9, 1997, as amended, between Morgan Stanley 
    Trust Company and succeeded by JPMorgan Chase Bank (f/k/a The Chase 
    Manhattan Bank), and the Registrant on behalf of each series of the 
    Registrant is incorporated herein by reference to Post-Effective 
    Amendment No. 25 to Registrant’s Registration Statement on Form N-1A 
    (Nos. 33-47287 and 811-6637) as filed electronically with the SEC on 
    March 1, 1999. 
 
    (i)  Amendment dated May 9, 2000 relating to Fee Obligation and 
      Continuation of the Registrant’s Multiple Services Agreement is 
      incorporated herein by reference to Post-Effective Amendment No. 
      31 to Registrant’s Registration Statement on Form N-1A (Nos. 33- 
      47287 and 811-6637) as filed electronically with the SEC on 
      August 29, 2000. 
 
    (ii)  Amendment dated May 21, 2001 relating to the Appointment of 
      Brinson Advisors, Inc. to serve as administrator to the Trust is 
      incorporated herein by reference to Post-Effective Amendment No. 
      39 to Registrant’s Registration Statement on Form N-1A (Nos. 33- 
      47287 and 811-6637) as filed electronically with the SEC on 
      September 30, 2002. 
 
    (iii)  Amended Attachment A (approved borrowers) to the Registrant’s 
      Multiple Services Agreement is incorporated herein by reference to 
      Post Effective Amendment No. 61 to Registrant’s Registration 
      Statement on Form N-1A (Nos. 33-47287 and 811-6637) as filed 
      electronically with the SEC on October 28, 2008. 
 
    (iv)  Revised Schedule B3 (authorized signatories) to the Registrant’s 
      Multiple Services Agreement is incorporated herein by reference to 
      Post Effective Amendment No. 74 to Registrant’s Registration 
      Statement on Form N-1A (Nos. 33-47287 and 811-6637) as filed 
      electronically with the SEC on October 28, 2009. 
 
    (v)  Amended Schedule B1 and Schedule F to the Registrant’s Multiple 
      Services Agreement is incorporated herein by reference to Post 

12



      effective Amendment No. 54 to Registrant’s Registration 
      Statement on Form N-1A (Nos. 33-47287 and 811-6637), as filed 
      electronically with the SEC on October 27, 2006. 
 
    (vi)  Revised Schedule A to the Registrant’s Multiple Services 
      Agreement is incorporated herein by reference to Post effective 
      Amendment No. 53 to Registrant’s Registration Statement on 
      Form N-1A (Nos. 33-47287 and 811-6637), as filed electronically 
      with the SEC on August 14, 2006. 
 
    (vii)  Amendment dated as of April 1, 2007 to the Securities Lending 
      Authorization Amendment to the Multiple Services Agreement is 
      incorporated herein by reference to Post-Effective Amendment No. 
      56 to Registrant’s Registration Statement on Form N-1A (Nos. 33- 
      47287 and 811-6637) as filed electronically with the SEC on June 
      22, 2007. 
 
    (viii)  Addendum of the Fee Schedule dated August 1, 2009 to the 
      Multiple Services Agreement is incorporated herein by reference to 
      Post Effective Amendment No. 74 to Registrant’s Registration 
      Statement on Form N-1A (Nos. 33-47287 and 811-6637) as filed 
      electronically with the SEC on October 28, 2009. 
 
(h)  Other Material Contracts. 
 
  (1)  Administration Contract, dated April 1, 2006, between UBS Global Asset 
    Management (Americas) Inc. and the Registrant is incorporated herein by 
    reference to Post Effective Amendment No. 61 to Registrant’s 
    Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637) as 
    filed electronically with the SEC on October 28, 2008. 
 
    (i)  Amendment to Exhibit A, dated June 24, 2007, to Administration 
      Contract is incorporated herein by reference to Post-Effective 
      Amendment No. 56 to Registrant’s Registration Statement on 
      Form N-1A (Nos. 33-47287 and 811-6637) as filed electronically 
      with the SEC on June 22, 2007. 
 
    (ii)  Form of Amendment to Exhibit A to Administration Contract is 
      incorporated herein by reference to Post-Effective Amendment No. 
      58 to Registrant’s Registration Statement on Form N-1A (Nos. 33- 
      47287 and 811-6637) as filed electronically with the SEC on July 
      2, 2008. 
 
  (2)  Transfer Agency and Related Services Agreement, dated August 20, 2001, 
    between PFPC Inc. and the Registrant is incorporated herein by reference 

13



    to Post-Effective Amendment No. 37 to Registrant’s Registration 
    Statement on Form N-1A (Nos. 33-47287 and 811-6637) as filed 
    electronically with the SEC on July 19, 2002. 
 
    (i)  Amendment to Exhibit B to the Transfer Agency and Related 
      Services Agreement, approved August 19, 2003, between PFPC 
      Inc. and the Registrant is incorporated herein by reference to Post- 
      Effective Amendment No. 40 to Registrant’s Registration 
      Statement on Form N-1A (Nos. 33-47287 and 811-6637) as filed 
      electronically with the SEC on October 28, 2003. 
 
    (ii)  Amendment to Exhibit A, dated June 24, 2007, to the Transfer 
      Agency and Related Services Agreement is incorporated herein by 
      reference to Post-Effective Amendment No. 56 to Registrant’s 
      Registration Statement on Form N-1A (Nos. 33-47287 and 811- 
      6637) as filed electronically with the SEC on June 22, 2007. 
 
(i)  Legal Opinion. 
 
  (1)  Legal Opinion of Stradley, Ronon, Stevens & Young, LLP is incorporated 
    herein by reference to Post-Effective Amendment No. 56 to Registrant’s 
    Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637) as 
    filed electronically with the SEC on June 22, 2007. 
 
(j)  Other Opinions. 
 
  (1)  Consent of Ernst & Young LLP, Independent Registered Public 
    Accounting Firm, is incorporated herein by reference to Post Effective 
    Amendment No. 74 to Registrant’s Registration Statement on Form N-1A 
    (Nos. 33-47287 and 811-6637) as filed electronically with the SEC on 
    October 28, 2009. 
 

 

(2) 

(a)  Powers of Attorney appointing Mark F. Kemper, Keith A. Weller, 
      Joseph J. Allessie, Mary Capasso, Michael Calhoun, Stephen 
      Fleischer, Eric Sanders, Tammie Lee, Bruce G. Leto, Mark A. 
      Sheehan and Jana L. Cresswell attorneys-in-fact and agents to 
      Frank K. Reilly, Walter E. Auch, Edward M. Roob, Adela Cepeda 
      and J. Mikesell Thomas are incorporated herein by reference to 
      Post-Effective Amendment No. 48 to Registrant’s Registration 
      Statement on Form N-1A (Nos. 33-47287 and 811-6637) as filed 
      electronically with the SEC on December 20, 2005. 
    (b)  Powers of Attorney appointing Mark F. Kemper, Keith A. Weller, 
      Joseph J. Allessie, Mary Capasso, Michael Calhoun, Stephen 
      Fleischer, Eric Sanders, Tammie Lee, Bruce G. Leto, Mark A. 
      Sheehan and Jana L. Cresswell attorneys-in-fact and agents to 

14



      Thomas Disbrow and Kai Sotorp are incorporated herein by 
      reference to Post-Effective Amendment No. 54 to Registrant’s 
      Registration Statement on Form N-1A (Nos. 33-47287 and 811- 
      6637) as filed electronically with the SEC on October 27, 2006. 
 
    (c)  Powers of Attorney appointing Mark F. Kemper, Keith A. Weller, 
      Joseph J. Allessie, Mary Capasso, Michael Calhoun, Eric Sanders, 
      Tammie Lee, Bruce G. Leto, Mark A. Sheehan and Jana L. 
      Cresswell attorneys-in-fact and agents to John J. Murphy and 
      Abbie J. Smith are incorporated herein by reference to Post- 
      Effective Amendment No. 66/67 to Registrant’s Registration 
      Statement on Form N-1A (Nos. 33-47287 and 811-6637) as filed 
      electronically with the SEC on March 13, 2009. 
 
(k)  Omitted Financial Statements. 
 
  Not Applicable. 
 
(l)  Initial Capital Agreements. 
 
  (1)  Letter of Understanding Relating to Initial Capital, dated July 1, 1992, is 
    incorporated herein by reference to Post-Effective Amendment No. 21 to 
    Registrant’s Registration Statement on Form N-1A (Nos. 33-47287 and 
    811-6637) as filed electronically with the SEC on September 15, 1998. 
 
(m)  Rule 12b-1 Plan. 
 
  (1)  Shareholder Services Plan, dated October 29, 2001, as revised March 9, 
    2007, relating to Class A shares of each series of the Registrant is 
    incorporated herein by reference to Post Effective Amendment No. 61 to 
    Registrant’s Registration Statement on Form N-1A (Nos. 33-47287 and 
    811-6637) as filed electronically with the SEC on October 28, 2008. 
 
  (2)  Rule 12b-1 Plan, dated October 29, 2001, as revised March 8, 2006, 
    relating to the Class B shares of each series of the Registrant is 
    incorporated herein by reference to Post Effective Amendment No. 61 to 
    Registrant’s Registration Statement on Form N-1A (Nos. 33-47287 and 
    811-6637) as filed electronically with the SEC on October 28, 2008. 
 
  (3)  Rule 12b-1 Plan, dated October 29, 2001, as revised March 9, 2007, 
    relating to the Class C shares of each series of the Registrant is 
    incorporated herein by reference to Post Effective Amendment No. 61 to 
    Registrant’s Registration Statement on Form N-1A (Nos. 33-47287 and 
    811-6637) as filed electronically with the SEC on October 28, 2008. 

15



    (i)  Addendum to Rule 12b-1 Plan, dated December 14, 2004 relating 
      to the Class C shares of UBS Absolute Return Bond Fund is 
      incorporated herein by reference to Post Effective Amendment No. 
      55 to Registrant’s Registration Statement on Form N-1A (Nos. 33- 
      47287 and 811-6637) as filed electronically with the SEC on April 
      10, 2007. 
 
    (ii)  Form of Addendum to Rule 12b-1 Plan relating to the Class C 
      shares of UBS Tax Free Short-Intermediate Bond Fund is 
      incorporated herein by reference to Post-Effective Amendment No. 
      58 to Registrant’s Registration Statement on Form N-1A (Nos. 33- 
      47287 and 811-6637) as filed electronically with the SEC on July 
      2, 2008. 
 
  (4)  Shareholder Services Plan dated December 14, 2004 relating to Class A 
    shares on behalf of the UBS Absolute Return Bond Fund is incorporated 
    herein by reference to Post Effective Amendment No. 55 to Registrant’s 
    Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637) as 
    filed electronically with the SEC on April 10, 2007. 
 
  (5)  Form of Shareholder Services Plan relating to Class A shares on behalf of 
    the UBS Absolute Return Bond Fund and UBS Tax Free Short- 
    Intermediate Bond Fund is incorporated herein by reference to Post- 
    Effective Amendment No. 58 to Registrant’s Registration Statement on 
    Form N-1A (Nos. 33-47287 and 811-6637) as filed electronically with the 
    SEC on July 2, 2008. 
 
(n)  Rule 18f-3 Plan. 
 
  (1)  Amended and Restated Multiple Class Plan pursuant to Rule 18f-3, 
    effective as of December 14, 2004, on behalf of each series of the 
    Registrant is incorporated herein by reference to Post-Effective 
    Amendment No. 44 to Registrant’s Registration Statement on Form N-1A 
    (Nos. 33-47287 and 811-6637) as filed electronically with the SEC on 
    December 21, 2004. 
 
(o)  Reserved   
 
(p)  Codes of Ethics. 
 
  (1)  Joint Code of Ethics of Registrant, the investment adviser and the 
    principal underwriter of the Registrant are incorporated herein by 
    reference to Post Effective Amendment No. 74 to Registrant’s 
    Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637) as 
    filed electronically with the SEC on October 28, 2009. 

16



ITEM 24.  PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH 
  THE REGISTRANT 

None.   
 
ITEM 25.  INDEMNIFICATION 
 
Under the terms of the Delaware Statutory Trust Act (“DSTA”) and the Registrant’s Amended 
and Restated Agreement and Declaration of Trust, as amended, (“Declaration of Trust”), no 
officer or trustee of the Registrant shall have any liability to the Registrant, its shareholders, or 
any other party for damages, except to the extent such limitation of liability is precluded by 
Delaware law, the Declaration of Trust or the By-Laws of the Registrant. 
 
Subject to the standards and restrictions set forth in the Declaration of Trust, DSTA, Section 
3817, permits a statutory trust to indemnify and hold harmless any trustee, beneficial owner or 
other person from and against any and all claims and demands whatsoever. DSTA, Section 3803 
protects trustees, officers, managers and other employees, when acting in such capacity, from 
liability to any person other than the Registrant or beneficial owner for any act, omission or 
obligation of the Registrant or any trustee thereof, except as otherwise provided in the 
Declaration of Trust. 
 
Indemnification of the Trustees and officers of the Registrant is provided for in Article VII, 
Sections 2 through 4 of the Registrant’s Declaration of Trust effective as of September 28, 2004, 
as amended, as follows: 
 
                   Section 2. Indemnification and Limitation of Liability. The Trustees shall not be 
                   responsible or liable in any event for any neglect or wrong-doing of any officer, agent, 
                   employee, Manager or Principal Underwriter of the Trust, nor shall any Trustee be 
                   responsible for the act or omission of any other Trustee, and, subject to the provisions of 
                   the Bylaws, the Trust out of its assets may indemnify and hold harmless each and every 
                   Trustee and officer of the Trust from and against any and all claims, demands, costs, 
                   losses, expenses, and damages whatsoever arising out of or related to such Trustee’s 
                   performance of his or her duties as a Trustee or officer of the Trust; provided that nothing 
                   herein contained shall indemnify, hold harmless or protect any Trustee or officer from or 
                   against any liability to the Trust or any Shareholder to which he or she would otherwise 
                   be subject by reason of willful misfeasance, bad faith, gross negligence or reckless 
                   disregard of the duties involved in the conduct of his or her office. 
 
                   Every note, bond, contract, instrument, certificate or undertaking and every other act or 
                   thing whatsoever issued, executed or done by or on behalf of the Trust or the Trustees or 
                   any of them in connection with the Trust shall be conclusively deemed to have been 
                   issued, executed or done only in or with respect to their or his or her capacity as Trustees 
                   or Trustee, and such Trustees or Trustee shall not be personally liable thereon. 

17



                   Section 3. Trustee’s Good Faith Action, Expert Advice, No Bond or Surety. The 
                   exercise by the Trustees of their powers hereunder shall be binding upon everyone 
                   interested in or dealing with the Trust. A Trustee shall be liable to the Trust and to any 
                   Shareholder solely for his or her own willful misfeasance, bad faith, gross negligence or 
                   reckless disregard of the duties involved in the conduct of the office of Trustee and shall 
                   not be liable for errors of judgment or mistakes of fact or law. The Trustees may take 
                   advice of counsel or other experts with respect to the meaning and operation of this 
                   Declaration of Trust and shall be under no liability for any act or omission in accordance 
                   with such advice nor for failing to follow such advice. The Trustees shall not be required 
                   to give any bond as such, nor any surety if a bond is required. 
 
                   Section 4. Insurance. The Trustees shall be entitled and empowered to the fullest extent 
                   permitted by law to purchase with Trust assets insurance for liability and for all expenses, 
                   reasonably incurred or paid or expected to be paid by a Trustee or officer in connection 
                   with any claim, action, suit or proceeding in which he or she becomes involved by virtue 
                   of his or her capacity or former capacity with the Trust, whether or not the Trust would 
                   have the power to indemnify him or her against such liability under the provisions of this 
                   Article. 
 
Indemnification of Registrant’s advisors, custodian, transfer agent, accounting services provider, 
administrator and distributor against certain stated liabilities is provided for in the following 
documents: 

(a)  Each Series’ investment advisory agreement between the Registrant, on behalf of 
  the series, and UBS Global Asset Management (Americas) Inc., all of which are 
  incorporated herein by reference or filed herewith, as follows: 
 
  (1)  Section 6 of the Investment Advisory Agreement on behalf of the UBS 
    International Equity Fund, dated April 25, 1995, as amended; 
 
  (2)  Section 7 of the Investment Advisory Agreement on behalf of the UBS 
    U.S. Bond Fund, dated July 1, 2002; 
 
  (3)  Section 7 of the Investment Advisory Agreement on behalf of the UBS 
    High Yield Fund, dated July 1, 2002; 
 
  (4)  Section 7 of the Investment Advisory Agreement on behalf of the UBS 
    U.S. Large Cap Equity Fund, dated July 1, 2002; 
 
  (5)  Section 7 of the Investment Advisory Agreement on behalf of the UBS 
    U.S. Large Cap Equity Value Equity Fund, dated July 1, 2002; 
 
  (6)  Section 7 of the Investment Advisory Agreement on behalf of the UBS 
    U.S. Small Cap Equity Fund, dated May 23, 2000, as amended; 

18



        (7)  Section 7 of the Investment Advisory Agreement on behalf of the UBS 
  U.S. Small Cap Growth Fund, dated July 1, 2002; 
 
        (8)  Section 7 of the Investment Advisory Agreement on behalf of the UBS 
  U.S. Real Estate Equity Fund, dated December 7, 2000, as amended; 
 
        (9)  Section 7 of the Investment Advisory Agreement on behalf of the UBS 
  Global Allocation Fund, dated July 1, 2002; 
 
        (10)  Section 7 of the Investment Advisory Agreement on behalf of the UBS 
  Global Bond Fund, dated July 1, 2002; 
 
        (11)  Section 7 of the Investment Advisory Agreement on behalf of the UBS 
  Global Equity Fund, dated July 1, 2002, as amended and restated July 1, 
  2003; 
 
        (12)  Section 6 of the Investment Advisory Agreement on behalf of the UBS 
  Emerging Markets Debt Fund, dated December 10, 1998, as amended; 
 
        (13)  Section 6 of the Investment Advisory Agreement on behalf of the UBS 
  Emerging Markets Equity Fund, dated December 10, 1998, as amended; 
 
        (14)  Section 7 of the Investment Advisory Agreement on behalf of the UBS 
  Dynamic Alpha Fund; 
 
        (15)  Section 7 of the Investment Advisory Agreement on behalf of the UBS 
  Absolute Return Bond Fund; 
 
        (16)  Section 7 of the Investment Advisory Agreement on behalf of the UBS 
  U.S. Mid Cap Growth Equity Fund; 
 
        (17)  Section 7 of the Investment Advisory Agreement on behalf of the UBS 
  U.S. Equity Alpha Fund; 
 
        (18)  Section 7 of the Investment Advisory Agreement on behalf of the UBS 
  Global Frontier Fund; and 
 
         (19)  Section 7 of the Investment Advisory Agreement on behalf of the UBS 
  Tax Free Short-Intermediate Bond Fund. 

(b)  Sections I.8(a), I.8(c)(iii), I.10, II.A.2, II.B.5, II.C.6, III.1., III.2.(b) through 
  III.2.(e), III.4.(e) and III.9.(b) of the Multiple Services Agreement dated May 9, 
  1997, as amended, between Morgan Stanley Trust Company, as succeeded by 
  JPMorgan Chase Bank (formerly known as The Chase Manhattan Bank) and the 
  Registrant, on behalf of its series, which is incorporated herein by reference. 

19



(c)  Section 9(a) of the Principal Underwriting Contract between UBS Global Asset 
  Management (US) Inc. (formerly known as Brinson Advisors, Inc.) and the 
  Registrant on behalf of each series dated November 5, 2001, which is 
  incorporated herein by reference. 
 
(d)  Section 12 of the Transfer Agency and Related Services Agreement between 
  PFPC Inc. and the Registrant on behalf of each series dated August 20, 2001, 
  which is incorporated herein by reference. 
 
(e)  Sections 8 and 9 of the Administration Contract between UBS Global Asset 
  Management (Americas) Inc. and the Registrant on behalf of each series, which is 
  incorporated herein by reference. 

ITEM 26.  BUSINESS AND OTHER CONNECTIONS OF THE INVESTMENT 
  MANAGER 

UBS Global Asset Management (Americas) Inc. provides investment advisory services 
consisting of portfolio management for a variety of individuals and institutions. For information 
as to any other business, vocation or employment of a substantial nature in which the 
Registrant’s investment advisor and each officer of the Registrant’s investment advisor is or has 
been engaged for his or her own account or in the capacity of director, officer, employee, partner 
or trustee, within the last two fiscal years, see UBS Global Asset Management (Americas) Inc.’s 
Form ADV (File #801-34910) filed under the Investment Advisers Act of 1940, as amended, 
which is incorporated herein by reference. 

ITEM 27.  PRINCIPAL UNDERWRITER 
 
(a)  UBS Global AM (US) serves as principal underwriter for the following investment 
  companies: 

                UBS Cashfund Inc., 
                UBS Index Trust, 
                UBS Investment Trust, 
                UBS Money Series, 
                UBS Managed Municipal Trust, 
                UBS Master Series, Inc., 
                Master Trust 
                UBS Municipal Money Market Series, 
                UBS RMA Money Fund, Inc., 
                UBS RMA Tax-Free Fund, Inc., 
                UBS Series Trust, 
                UBS PACE Select Advisors Trust, 
                SMA Relationship Trust 

20



(b)      UBS Global AM (US) is the Registrant’s principal underwriter. The information set forth below is furnished for those directors and officers of UBS Global AM (US) who also serve as directors or officers of the Registrant.
  Positions and Offices  Positions and Offices 
   Name and Business Address*  with Underwriter  with the Registrant 
 
Kai Sotorp**  Head - Americas for  President 
  UBS Global Asset   
  Management, a member   
  of the UBS Group   
  Managing Board and a   
  member of the UBS   
  Global Asset   
  Management Executive   
  Committee   
 
Joseph J. Allessie*  Executive Director and  Vice President and 
  Deputy General Counsel  Assistant Secretary 
  of UBS Global AM   
 
Andrew Shoup*  Managing Director and  Vice President and 
  Global Head of the Fund  Chief Operating 
  Treasury Administration  Officer 
  Department   
 
Thomas Disbrow*  Executive Director and  Vice President and 
  Head of US Mutual Fund  Treasurer 
  Treasury Administration   
  Department of UBS   
  Global AM   
 
Mark F. Kemper**  Managing Director,  Vice President and 
  General Counsel and  Secretary 
  Secretary of UBS Global   
  AM   
 
Joanne Kilkeary*  Director and Senior  Vice President and 
  Manager of US Mutual  Assistant Treasurer 
  Fund Treasury   
  Administration   
  Department of UBS   
  Global AM   

21



  Positions and Offices  Positions and Offices 
   Name and Business Address*  with Underwriter  with the Registrant 
Michael Flook *  Associate Director and  Vice President and 
  Senior Manager of US  Assistant Treasurer 
  Mutual Fund Treasury   
  Administration   
  Department of UBS   
  Global AM   
 
Joseph McGill*  Managing Director and  Vice President and 
  Chief Compliance  Chief Compliance 
  Officer of UBS Global  Officer 
  AM   
 
Eric Sanders*  Director and Associate  Vice President and 
  General Counsel of UBS  Assistant Secretary 
  Global AM   
 
Tammie Lee*  Director and Associate  Vice President and 
  General Counsel of UBS  Assistant Secretary 
  Global AM   
 
Keith A. Weller*  Executive Director and  Vice President and 
  Senior Associate General  Assistant Secretary 
  Counsel of UBS Global   
  AM   
 
Nancy Osborn*  Associate Director and  Vice President and 
  Senior Manager of US  Assistant Treasurer 
  Mutual Fund Treasury   
  Administration   
  Department of UBS   
  Global AM   
 
Steven LeMire*  Director and Senior  Vice President and 
  Manager of US Mutual  Assistant Treasurer 
  Fund Treasury   
  Administration   
  Department of UBS   
  Global AM   

(c)      Not Applicable.

22



* This person’s business address is 1285 Avenue of the Americas, New York, New York 10019- 
6028.   

** This person’s business address is One North Wacker Drive, Chicago, Illinois 60606.
 

 

ITEM 28. 

LOCATION OF ACCOUNTS AND RECORDS 

 

All accounts, books and other documents required to be maintained by Section 31(a) [15 U.S.C. 

80a-3-(a)] and rules under that section, are maintained by JPMorgan Chase Bank (“JPMorgan 
Chase”), 270 Park Avenue, New York, New York 10017 with the exception of those maintained 
by the Registrant’s investment advisor, UBS Global Asset Management (Americas) Inc., One 

North Wacker Drive, Chicago, IL, 60606. 

 

JPMorgan Chase provides general sub-administrative, accounting, portfolio valuation, and 
custodian services to the Registrant, including the coordination and monitoring of any third-party 
service providers and maintains all such records relating to these services. 

 

ITEM 29. 

MANAGEMENT SERVICES 

 

There are no management related service contracts not discussed in Part A or Part B. 

 

ITEM 30. 

UNDERTAKINGS 

 

Not Applicable. 


23



SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended (the “Securities Act”) and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this registration statement under Rule 485(b) under the Securities Act and has duly caused Post-Effective Amendment No. 75/76 to this registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of New York, and the State of New York on the 6th day of November 2009.

        THE UBS FUNDS

         By: /s/Kai Sotorp
              Kai Sotorp*
                                                                 President and Principal Executive Officer

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated:

                   Signature       Title               Date 
 
/s/Kai Sotorp President and Principal  November 6, 2009 
Kai Sotorp*  Executive Officer   
/s/Frank K. Reilly  Chairman and  November 6, 2009 
Frank K. Reilly*  Trustee   
/s/Walter E. Auch  Trustee  November 6, 2009 
Walter E. Auch*     
 
/s/Edward M. Roob  Trustee  November 6, 2009 
Edward M. Roob*     
 
/s/Adela Cepeda Trustee  November 6, 2009 
Adela Cepeda*     
 
/s/J. Mikesell Thomas  Trustee  November 6, 2009 
J. Mikesell Thomas*     
 
/s/Abbie J. Smith  Trustee  November 6, 2009 
Abbie J. Smith*     
 
/s/John J. Murphy  Trustee  November 6, 2009 
John J. Murphy*     
 
/s/Thomas Disbrow  Treasurer and Principal  November 6, 2009 
Thomas Disbrow*  Accounting Officer   
 
 
                                        * By: /s/Joseph J. Allessie    
                                     Joseph J. Allessie, Attorney-in-Fact     
                                    (Pursuant to Powers of Attorney incorporated herein by reference.)   

1



  EXHIBITS INDEX   
 
EXHIBITS    EXHIBIT NO. 
None     


-----END PRIVACY-ENHANCED MESSAGE-----