<SEC-DOCUMENT>0001680289-17-000042-index.html : 20170301
<SEC-HEADER>0001680289-17-000042.hdr.sgml : 20170301
<ACCEPTANCE-DATETIME>20170301103510
ACCESSION NUMBER:		0001680289-17-000042
CONFORMED SUBMISSION TYPE:	497K
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20170301
DATE AS OF CHANGE:		20170301
EFFECTIVENESS DATE:		20170301

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:		17652007

	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
<SERIES-AND-CLASSES-CONTRACTS-DATA>
<EXISTING-SERIES-AND-CLASSES-CONTRACTS>
<SERIES>
<OWNER-CIK>0000886244
<SERIES-ID>S000003135
<SERIES-NAME>UBS DYNAMIC ALPHA FUND
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008503
<CLASS-CONTRACT-NAME>CLASS A
<CLASS-CONTRACT-TICKER-SYMBOL>BNAAX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008505
<CLASS-CONTRACT-NAME>CLASS C
<CLASS-CONTRACT-TICKER-SYMBOL>BNACX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000008506
<CLASS-CONTRACT-NAME>CLASS P
<CLASS-CONTRACT-TICKER-SYMBOL>BNAYX
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>497K
<SEQUENCE>1
<FILENAME>ubsdaf497k03012017.htm
<TEXT>
Document 1 - file: ubsdaf497k03012017.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>image00001.jpg
<TEXT>
Document 3 - file: image00001.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>image00002.jpg
<TEXT>
Document 4 - file: image00002.jpg

</DOCUMENT>
</SEC-DOCUMENT>