# EDGAR Filing Document

**Accession Number:** 0000886244
**File Stem:** 0001752724-23-025225
**Filing Date:** 2023-2
**Character Count:** 34927
**Document Hash:** 44845c30a6624a3d43876d2388ed6fea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-025225.hdr.sgml**: 20230215

**ACCESSION NUMBER**: 0001752724-23-025225

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230215

**DATE AS OF CHANGE**: 20230215

**PERIOD START**: 20230630

**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:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06637
- **FILM NUMBER:** 23633906

**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

### UBS Sustainable Development Bank Bond Fund (Series ID: S000063382)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000205443 | Class P2     | UDBTX           |
| C000205444 | Class P      | UDBPX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** UBS FUNDS

- **b. Investment Company Act file number:** 811-06637

- **c. CIK number of Registrant:** 0000886244

- **d. LEI of Registrant:** 549300N85N4CCOEZQJ49

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** ONE NORTH WACKER DR.

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-525-7100

**Item A.2. Information about the Series.**

- **a. Name of Series:** UBS Sustainable Development Bank Bond Fund

- **b. EDGAR series identifier (if any):** S000063382

- **c. LEI of Series:** 549300V3D63LOI01CH95

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $85655055.92

**Total Liabilities:** $10200235.83

**Net Assets:** $75454820.09

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -93.38000000 | **1-Year:** -4213.77000000 | **5-Year:** -20733.48000000 | **10-Year:** -12610.75000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000205443 | -0.73%               | 2.12%                | -0.48%               |
| Class ID C000205444 | -0.74%               | 2.11%                | -0.49%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-179839.62              | $-492833.69                                |
| Month 2  | $-181195.32              | $1672572.13                                |
| Month 3  | $-398175.11              | $-122804.51                                |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** Securities Portfolio

### Schedule of Portfolio Investments

| Name                         | Title                                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Asian Development Bank       | Asian Development Bank                                                      | CUSIP: 045167EJ8<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    200000 | PA      | $188275.14    | 0.25%             | 2028-09-26      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK       | Asian Development Bank                                                      | CUSIP: 045167FB4<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |   1300000 | PA      | $1068444.00   | 1.42%             | 2031-03-04      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors | State Street Institutional US Government Money Market Fund                  | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   1069669 | NS      | $1069668.68   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                                             | CUSIP: 4581X0DV7<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    200000 | PA      | $178939.61    | 0.24%             | 2026-04-20      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| KFW                          | Kreditanstalt fuer Wiederaufbau                                             | CUSIP: 500769HS6<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |   1500000 | PA      | $1410345.00   | 1.87%             | 2028-04-03      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                                             | CUSIP: 4581X0DJ4<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    630000 | PA      | $582151.81    | 0.77%             | 2026-07-23      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development                         | CUSIP: 459058JG9<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   2500000 | PA      | $1950025.85   | 2.58%             | 2030-08-26      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857492706<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |   4800338 | NS      | $4800337.50   | 6.36%             |  |  |  | No            |                  2 | On Loan: No      |
| IDB TRUST SERVICES LTD       | IDB Trust Services Ltd.                                                     | CUSIP: 000000000<br>LEI: 213800VKLEPJ95I3W549 | Long             | DBT              | CORP              | JE        |    400000 | PA      | $377412.00    | 0.50%             | 2025-02-26      | Fixed         | 1.81%                 | No            |                  2 | On Loan: No      |
| INTL DEVELOPMENT ASSOC       | International Development Association                                       | CUSIP: 000000000<br>LEI: P41R60HC414IWQA1XW02 | Long             | DBT              | NUSS              | XX        |    250000 | PA      | $248497.50    | 0.33%             | 2023-04-24      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| INTL DEVELOPMENT ASSOC       | International Development Association                                       | CUSIP: 000000000<br>LEI: P41R60HC414IWQA1XW02 | Long             | DBT              | NUSS              | XX        |    200000 | PA      | $179205.33    | 0.24%             | 2026-04-28      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                                             | CUSIP: 4581X0DX3<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |   2600000 | PA      | $2207616.92   | 2.93%             | 2028-07-20      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                                             | CUSIP: 4581X0EB0<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    700000 | PA      | $629939.07    | 0.83%             | 2027-01-13      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| COUNCIL OF EUROPE            | Council of Europe Development Bank                                          | CUSIP: 222213AY6<br>LEI: 549300UYNXMI821WYG82 | Long             | DBT              | NUSS              | XX        |   1500000 | PA      | $1321148.22   | 1.75%             | 2026-09-22      | Fixed         | 0.88%                 | No            |                  2 | On Loan: —       |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                                             | CUSIP: 4581X0CU0<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |   1300000 | PA      | $1204137.47   | 1.60%             | 2026-06-02      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| COUNCIL OF EUROPE            | Council Of Europe Development Bank                                          | CUSIP: 222213AU4<br>LEI: 549300UYNXMI821WYG82 | Long             | DBT              | NUSS              | XX        |   1300000 | PA      | $1217219.59   | 1.61%             | 2025-02-27      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development                         | CUSIP: 459058JZ7<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   1900000 | PA      | $1608229.75   | 2.13%             | 2028-09-13      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP            | International Finance Corp.                                                 | CUSIP: 45950KCT5<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |    600000 | PA      | $542546.24    | 0.72%             | 2025-07-16      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| European Investment Bank     | European Investment Bank                                                    | CUSIP: 298785GS9<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |    700000 | PA      | $663795.63    | 0.88%             | 2025-02-10      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| KFW                          | Kreditanstalt fuer Wiederaufbau                                             | CUSIP: 500769GQ1<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $94604.41     | 0.13%             | 2025-05-02      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP            | International Finance Corp.                                                 | CUSIP: 45950VHX7<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |    875000 | PA      | $817094.43    | 1.08%             | 2026-04-07      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK       | Asian Development Bank                                                      | CUSIP: 045167EY5<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    600000 | PA      | $467253.51    | 0.62%             | 2030-10-08      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV     | Asian Infrastructure Investment Bank                                        | CUSIP: 04522KAE6<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |    600000 | PA      | $555897.33    | 0.74%             | 2024-10-30      | Fixed         | 0.50%                 | No            |                  2 | On Loan: —       |
| EUROPEAN BK RECON & DEV      | European Bank for Reconstruction & Development                              | CUSIP: 29874QEG5<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |    400000 | PA      | $364856.00    | 0.48%             | 2025-05-19      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| AGENCE FRANCAISE DEVELOP     | Agence Francaise de Developpement EPIC                                      | CUSIP: 000000000<br>LEI: 9695008K5N8MKIT4XJ91 | Long             | DBT              | NUSS              | FR        |   2400000 | PA      | $2134990.08   | 2.83%             | 2026-01-22      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK     | European Investment Bank                                                    | CUSIP: 298785JL1<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |    900000 | PA      | $731355.03    | 0.97%             | 2031-02-14      | Fixed         | 1.25%                 | No            |                  2 | On Loan: —       |
| EUROPEAN BK RECON & DEV      | European Bank for Reconstruction & Development                              | CUSIP: 29874QEM2<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |   2000000 | PA      | $1779914.24   | 2.36%             | 2026-01-28      | Fixed         | 0.50%                 | No            |                  2 | On Loan: —       |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development                         | CUSIP: 459058JN4<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   1000000 | PA      | $849690.00    | 1.13%             | 2027-11-24      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development                         | CUSIP: 459058JW4<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    800000 | PA      | $694943.32    | 0.92%             | 2028-04-20      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK     | European Investment Bank                                                    | CUSIP: 298785JK3<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |    100000 | PA      | $88275.55     | 0.12%             | 2026-03-26      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                                             | CUSIP: 4581X0DQ8<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |   1100000 | PA      | $933452.15    | 1.24%             | 2027-09-16      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV      | European Bank for Reconstruction & Development                              | CUSIP: 29874QEL4<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |    500000 | PA      | $447022.98    | 0.59%             | 2025-11-25      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| INTL DEVELOPMENT ASSOC       | International Development Association                                       | CUSIP: 000000000<br>LEI: P41R60HC414IWQA1XW02 | Long             | DBT              | NUSS              | XX        |   2200000 | PA      | $1732869.62   | 2.30%             | 2030-12-03      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                                             | CUSIP: 4581X0EF1<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    650000 | PA      | $624627.56    | 0.83%             | 2029-09-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK     | European Investment Bank                                                    | CUSIP: 298785JD9<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |    250000 | PA      | $227489.65    | 0.30%             | 2025-07-25      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| NORDIC INVESTMENT BANK       | Nordic Investment Bank                                                      | CUSIP: 65562QBV6<br>LEI: 213800HYL1S7VAXG6Z48 | Long             | DBT              | NUSS              | XX        |   2400000 | PA      | $2317612.85   | 3.07%             | 2027-09-08      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP            | International Finance Corp.                                                 | CUSIP: 45950KCX6<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |   1100000 | PA      | $964104.21    | 1.28%             | 2026-10-08      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK     | African Development Bank                                                    | CUSIP: 00828EEF2<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | XX        |   2500000 | PA      | $2214926.58   | 2.94%             | 2026-07-22      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK       | Asian Development Bank                                                      | CUSIP: 045167FL2<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    300000 | PA      | $262679.52    | 0.35%             | 2029-03-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK     | African Development Bank                                                    | CUSIP: 00828EEP0<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | XX        |    200000 | PA      | $200942.55    | 0.27%             | 2027-11-03      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development                         | CUSIP: 459058HJ5<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   3400000 | PA      | $2923184.00   | 3.87%             | 2029-10-23      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                                             | CUSIP: 4581X0DG0<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |   3800000 | PA      | $3394468.14   | 4.50%             | 2029-06-18      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK       | Asian Development Bank                                                      | CUSIP: 045167FT5<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    400000 | PA      | $393320.32    | 0.52%             | 2032-09-28      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| INTL DEVELOPMENT ASSOC       | International Development Association                                       | CUSIP: 000000000<br>LEI: P41R60HC414IWQA1XW02 | Long             | DBT              | NUSS              | XX        |   1500000 | PA      | $1290440.55   | 1.71%             | 2027-06-10      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| IDB TRUST SERVICES LTD       | IDB Trust Services Ltd.                                                     | CUSIP: 000000000<br>LEI: 213800VKLEPJ95I3W549 | Long             | DBT              | CORP              | JE        |   1400000 | PA      | $1359456.00   | 1.80%             | 2024-04-25      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV      | European Bank for Reconstruction & Development                              | CUSIP: 29874QDH4<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |    200000 | PA      | $199341.89    | 0.26%             | 2023-03-07      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                                             | CUSIP: 4581X0DS4<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |   6000000 | PA      | $4792740.00   | 6.35%             | 2031-01-13      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                                             | CUSIP: 4581X0DC9<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |   2450000 | PA      | $2317625.10   | 3.07%             | 2028-09-18      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| NORDIC INVESTMENT BANK       | Nordic Investment Bank                                                      | CUSIP: 65562QBQ7<br>LEI: 213800HYL1S7VAXG6Z48 | Long             | DBT              | NUSS              | XX        |    800000 | PA      | $718251.22    | 0.95%             | 2026-01-21      | Fixed         | 0.50%                 | No            |                  2 | On Loan: —       |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development                         | CUSIP: 459058KA0<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   3600000 | PA      | $2946632.15   | 3.91%             | 2031-11-03      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK     | African Development Bank                                                    | CUSIP: 008281BC0<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | XX        |    300000 | PA      | $297107.25    | 0.39%             | 2023-04-03      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN INVEST CO     | Inter-American Investment Corp.                                             | CUSIP: 000000000<br>LEI: 5493001X4LH60PFRL744 | Long             | DBT              | NUSS              | XX        |    500000 | PA      | $475071.64    | 0.63%             | 2024-10-02      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN INVEST CO     | Inter-American Investment Corp.                                             | CUSIP: 000000000<br>LEI: 5493001X4LH60PFRL744 | Long             | DBT              | NUSS              | XX        |   1100000 | PA      | $975957.43    | 1.29%             | 2026-02-10      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| European Investment Bank     | European Investment Bank                                                    | CUSIP: 298785HV1<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |    225000 | PA      | $219250.63    | 0.29%             | 2024-03-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP            | International Finance Corp.                                                 | CUSIP: 45950KCR9<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |    100000 | PA      | $94430.53     | 0.13%             | 2024-10-16      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development                         | CUSIP: 459058JR5<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   4350000 | PA      | $3510681.94   | 4.65%             | 2031-02-10      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK       | Asian Development Bank                                                      | CUSIP: 045167ER0<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    700000 | PA      | $601141.70    | 0.80%             | 2030-01-24      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                                             | CUSIP: 4581X0CC0<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    300000 | PA      | $295617.00    | 0.39%             | 2023-10-04      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development                         | CUSIP: 45906M3D1<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   2000000 | PA      | $1755479.72   | 2.33%             | 2032-03-29      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV      | European Bank for Reconstruction & Development                              | CUSIP: 29874QEE0<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |    600000 | PA      | $564000.00    | 0.75%             | 2025-02-13      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP            | International Finance Corp.                                                 | CUSIP: 45950KCU2<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |   1250000 | PA      | $973967.51    | 1.29%             | 2030-08-27      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK     | European Investment Bank                                                    | CUSIP: 298785JJ6<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |    600000 | PA      | $508938.00    | 0.67%             | 2027-10-21      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development                         | CUSIP: 459058JC8<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   2400000 | PA      | $1906630.63   | 2.53%             | 2030-05-14      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development                         | CUSIP: 459058GE7<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    400000 | PA      | $370680.00    | 0.49%             | 2027-11-22      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| IDB Trust Services Ltd       | IDB Trust Services Ltd.                                                     | CUSIP: 000000000<br>LEI: 213800VKLEPJ95I3W549 | Long             | DBT              | CORP              | JE        |    800000 | PA      | $789355.20    | 1.05%             | 2023-09-26      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV     | Asian Infrastructure Investment Bank                                        | CUSIP: 04522KAH9<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |    500000 | PA      | $486763.64    | 0.65%             | 2027-09-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| COUNCIL OF EUROPE            | Council of Europe Development Bank                                          | CUSIP: 222213AS9<br>LEI: 549300UYNXMI821WYG82 | Long             | DBT              | NUSS              | XX        |    650000 | PA      | $633355.10    | 0.84%             | 2024-02-27      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV     | Asian Infrastructure Investment Bank                                        | CUSIP: 04522KAD8<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |   1600000 | PA      | $1412606.94   | 1.87%             | 2026-01-27      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                                             | CUSIP: 4581X0CY2<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |   1285000 | PA      | $1188368.01   | 1.57%             | 2027-07-07      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK       | Asian Development Bank                                                      | CUSIP: 045167EP4<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    700000 | PA      | $602448.81    | 0.80%             | 2029-09-19      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| IDB TRUST SERVICES LTD       | IDB Trust Services Ltd.                                                     | CUSIP: 000000000<br>LEI: 213800VKLEPJ95I3W549 | Long             | DBT              | CORP              | JE        |    400000 | PA      | $364436.00    | 0.48%             | 2025-06-25      | Fixed         | 0.91%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK     | African Development Bank                                                    | CUSIP: 00828EEE5<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | XX        |    500000 | PA      | $447094.28    | 0.59%             | 2026-03-23      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Nordic Investment Bank       | Nordic Investment Bank                                                      | CUSIP: 65562QBK0<br>LEI: 213800HYL1S7VAXG6Z48 | Long             | DBT              | NUSS              | XX        |    300000 | PA      | $296897.61    | 0.39%             | 2023-07-19      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                                             | CUSIP: 4581X0DN5<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    200000 | PA      | $182066.00    | 0.24%             | 2025-07-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV     | Asian Infrastructure Investment Bank                                        | CUSIP: 04522KAB2<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |   1100000 | PA      | $999229.00    | 1.32%             | 2025-05-28      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK     | African Development Bank                                                    | CUSIP: 000000000<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | XX        |    300000 | PA      | $301814.66    | 0.40%             | 2023-04-06      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-31

**Name of Applicant:** UBS FUNDS

**Signature:** Joanne Kilkeary

**Name of Signer:** Joanne Kilkeary

**Title:** Vice President and Treasurer