0001450791-12-000047.txt : 20120329 0001450791-12-000047.hdr.sgml : 20120329 20120329171933 ACCESSION NUMBER: 0001450791-12-000047 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20120329 DATE AS OF CHANGE: 20120329 EFFECTIVENESS DATE: 20120329 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: 12725087 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 S000013001 UBS U.S. Equity Alpha Fund C000035135 Class A BEAAX C000035136 Class C BEACX C000035137 Class Y BEAYX 497K 1 supplement.htm supplement.htm
 

 
 
   
 
The UBS Funds
 
 
 March 29, 2012
 

Supplement to the Summary Prospectus


March 29, 2012



Dear Investor,

The purpose of this supplement is to update the Summary Prospectus of the UBS U.S. Equity Alpha Fund series (the “Fund”) of The UBS Funds dated October 28, 2011, as follows:

Effective as of the close of business on March 30, 2012, Thomas Cole will no longer serve as a portfolio manager for the Fund.  John Leonard, one of the remaining portfolio managers of the Fund, will assume Mr. Cole’s portfolio management responsibilities for the Fund upon his departure.  Therefore, effective as of the close of business on March 30, 2012, all references to Mr. Cole in the Summary Prospectus are deleted.

PLEASE BE SURE TO RETAIN THIS IMPORTANT INFORMATION WITH YOUR SUMMARY PROSPECTUS DATED OCTOBER 28, 2011.



Item #ZS541

 GRAPHIC 3 ubslogo.jpg begin 644 ubslogo.jpg M_]C_X``02D9)1@`!`0$`8`!@``#_X0!F17AI9@``34T`*@````@`!`$:``4` M```!````/@$;``4````!````1@$H``,````!``(```$Q``(````0````3@`` M``````!@`````0```&`````!4&%I;G0N3D54('8U+C`P`/_;`$,``@$!`@$! M`@("`@("`@(#!0,#`P,#!@0$`P4'!@<'!P8'!P@)"PD("`H(!P<*#0H*"PP, M#`P'"0X/#0P."PP,#/_;`$,!`@("`P,#!@,#!@P(!P@,#`P,#`P,#`P,#`P, M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#/_``!$(`"8` M9`,!(@`"$0$#$0'_Q``?```!!0$!`0$!`0```````````0(#!`4&!P@)"@O_ MQ`"U$``"`0,#`@0#!04$!````7T!`@,`!!$%$B$Q008346$'(G$4,H&1H0@C M0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-CH.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJ MLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+CY.7FY^CIZO'R\_3U]O?X M^?K_Q``?`0`#`0$!`0$!`0$!`````````0(#!`4&!P@)"@O_Q`"U$0`"`0($ M!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2\!5B M7J"@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>X MN;K"P\3%QL?(RKR\_3U]O?X^?K_V@`,`P$` M`A$#$0`_`/V=_:R_;\^#7["O_"(?\+=^(7A_P'_PGFJKHVB?VE(P^USG;N=M MJMY5O'N3S;F79!#YD?F2)O7/YP?\'6O_``5'^.W_``37_P"%"_\`"E/'7_"% M_P#":?\`"0_VS_Q)=/U'[9]E_LOR/^/N"79M^T3?6S:VMI96MTE2.*9!)/)9_:XWO`#]S_P#@SN^+ M/BKXP?\`!,KQWJ/BWQ-X@\4ZA%\5=7V76KZC-?3)Y]EIMY-AY68CS+JYN9WY M^:6XE M"$117SN;4\!_P;K?LY_M8?M,?\%"U^+?PC\5ZAX9ET^[GO/&'CKQ59ZAJ.C> M(4>ZM'U'3;F15V7]Y,ETES]FEGAD8H)A/#(D*_P"T?A%9Z5J6MRZ]_9EY#LL]/:=+R7[-)$MR?+:VG&T1;FV?*&RN?G_X M:?\`!QY^QC\8/$=SI/ASXR_VCJ%GI6I:W+%_PB6NP[+/3[&>_O)>)]1V+8V>JV%_H?\` M:$KS1PQV]O)?P01S7#R2HJ01LTKY)5"%8C\0/^":?_*Y)XC_`.RJ_$?_`-)= M=KU#_@\]^`/@W4/VN/@+<>!/#VGWOQH^)%I?66NV6BJ9]9UY$EL;;2&EM(R7 MDD=VNX(I/+\R40>4&<6Z)&`?O]\?OC]X-_9:^#7B'XA?$+Q#I_A7P;X5M#>: MGJ=XQ$=NF0JJ%4%Y)'=E1(T#222.B(K.RJ?A#_B+`_8D_P"%I_\`"/?\+'\0 M?V1_97]H_P#"3_\`"):G_97G^=Y?V#9Y/VS[1M_>[OLWD;./.W_)7P!_P=M? M%+XLZ1^P+^Q7X)^)5_Y?B?Q!I5QK?CZS\FS/VCQ'8Z=ID+R^9;KY:[)-0U!= MMNPA;SL@,%C*_J?^R?\`M>?L??\`!9S]D>[^%G@V?P?XB\&W?A^+3M3^&EY: MKI6HZ%90Q6NV(6*E7BCM7EMHTNK,M#%-&GDS[XU8`'T!^R'^VA\+_P!O3X-0 M?$#X1^,-/\:>%)KN:P:[MXY8)+:XB(#PS03(DT$@!1PDJ*6CDC<`I(C,5\W_ M`/!!;_@EMXJ_X)&_LL>.OAGXI\2>'_%G]J_$"_\`$.D:EI2S1^?ITEG8VT#7 M$4BCR;AOLC,\2/*B;@!+)R:*`/D#]K?_`(.JM>LOVCOB-X3_`&=?AK\/_B;X M(^"GE^(?%/C74_&D=E8:UH<#6T%_'8K*L"K<&^NXK6WFCEO!,VUHK>X$R8^? M_P!EG_@N7\6R$DLD;QO!,!#>?`'QU_P""6GQE^"7PB\7:#XI_9V^, M'AF<^*X;GP%-!X*7Q),WVC4I=(DTR_UZSE@C_>R16GV=39W'VF40R6J6D-^[ MW>AX^^+OQH_9X\5?$OX9^,O!/PO_`&2/#7[7-I9^)/$&DZYX-OCIFEV%D^JV M\20Z?)%J-[IT7>?$[^P+Y] M"F;4=;U*]^S7=MYL\IB\^ZEC,P%O>.\J7,KR1_:%\K\H/V:CIFH6%GK_Q*^'5_ID]Q;O%'J-NJ:1;M-"S`"2, M3P3Q%UR!)#(N=R,!^K__``;%_LH^,_V-/^":,_@KXA?"W4/A=XRMO&NLOJ:W MFJ"\D\2NLD<"ZD$5F2WCV0K;(J$QS1V27*%DN5=OE#_@ZO\`^"4?QQ^.7QL^ M'_[3GP0B\0>)=7\!Z58^'[G1?#%O<'Q)I$L&H7%U:ZI9>03+-MFN]K"$"6`Q MQRC>AE>``_;ZOR!_X-Q/^4IO_!3C_LJJ?^G?Q)78:-_P=%:5XCU'5O`NG?LE M?M87_P`>-`\/KJNI^`K?PFDLFG7#01.JS.LANX[,RSP*+IK($QS1OY.76,^G M_P#!*+]B?Q5_P3<_9Q^.OQQ^*WAS^V_CI\:=5U'XF>,_#O@:WFOYK;"W%W!H M-A"UP\=S<1R3W>THPWRW?E>;,D4!?^$U^( M'P[_`+<^*OC_`/XJ'P3K']D:]I_E#6)_]'N=C^7O\KRW^4[HY)%XW9'T?_P6 MM_X)W^)O^"%?QE^'G[77P[^).H?&&\U+Q!8:'JX^,MI:>,-9?4H0;RTGCNI; M=2L?D::(?-B,%W;")1#.5F(A\?\`V1/#WQH^`7_!??5OVJ=9_91_:PN?A[?^ M-?%GB2/3[/X97SZR+?58=22W0Q.%A\Q3>1;P)B`%?:S8&?K#_@L1XS_:/_X. M"/\`A`/@5\(OV6?C!\-/!&CZK#XKUOQ3\6=!?POY%TOFV*A&9VB-O##>O*Z1 M&>ZFR?+@46[&8`^[_&FN?L\_\'`W_!-'X7Z#XYUW3_#47QZM$UKP_IEOJ5K% MXBLM4TN3=J46EM>V^^:2T>.YMIIXK?#6\DI&V.8,?Q0_;I_X-"/VC_V8='UK MQ#\.-1\/_'#PQI>)$M](1]/\220+:M--,=.E+1OMD1HDBMKF>>4O$5BRS*GW M!^WY^QC\(]1U;P+IW[)7[6%_P#' MC0/#ZZKJ?@*W\)I+)IUPT$3JLSK(;N.S,L\"BZ:R!,2%CYUPOV MMHS-@-(L:,^^4R2N5T'_``;5?\$]?%7_``3I_P""96E:)XVNL>)_B+JK>.[S M2FL9K2;PY]LLK.*/3YUF"R&XCCMD,H9$\N622(!A&)'*`/O^OB#_`(+-_P#! M%[PK_P`%1O`FD^(])7P_X;^.GP_V7/A#Q)J6F0W]A=^5)YRZ9JMO+')'=:?) M)D[9(Y/)9W94D1YX+@HH`^,/^"8__!K)X_\`@G^T/\,_B=^T'\5/!_C"\^%/ MB!=6TK0=%TZYO9+P6UA:6^F&76I3:W8CLY;.T,5D\4MO%':;4VK