# EDGAR Filing Document

**Accession Number:** 0000886244
**File Stem:** 0001752724-25-205177
**Filing Date:** 2025-8
**Character Count:** 33300
**Document Hash:** d029fa65d0261438c896f04d76d3af3c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-205177.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-205177

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UBS FUNDS
- **CENTRAL INDEX KEY:** 0000886244

**ORGANIZATION NAME:**
- **EIN:** 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:** 251255707

**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:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $77543456.39

**Total Liabilities:** $652000.23

**Net Assets:** $76891456.16

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -108.61000000 | **1-Year:** -4031.72000000 | **5-Year:** -22043.35000000 | **10-Year:** -10218.85000000 | **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 | 1.34%                | -0.65%               | 1.15%                |
| Class ID C000205444 | 1.32%                | -0.66%               | 1.13%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-69352.55               | $814673.95                                 |
| Month 2  | $-41725.31               | $-657394.83                                |
| Month 3  | $-42935.65               | $667212.21                                 |

**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: 045167FN8<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    100000 | PA      | $94491.13     | 0.12%             | 2032-04-27      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP            | International Finance Corp.                                | CUSIP: 45950KDF4<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |    500000 | PA      | $503718.23    | 0.66%             | 2027-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK       | Asian Development Bank                                     | CUSIP: 045167FB4<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    700000 | PA      | $614126.40    | 0.80%             | 2031-03-04      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP            | International Finance Corp.                                | CUSIP: 45950KDK3<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |   1500000 | PA      | $1527435.20   | 1.99%             | 2028-01-21      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development        | CUSIP: 459058LF8<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    150000 | PA      | $154334.72    | 0.20%             | 2031-04-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development        | CUSIP: 459058KQ5<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    400000 | PA      | $400630.59    | 0.52%             | 2030-02-14      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NORDIC INVESTMENT BANK       | Nordic Investment Bank                                     | CUSIP: 65562QBW4<br>LEI: 213800HYL1S7VAXG6Z48 | Long             | DBT              | NUSS              | XX        |    900000 | PA      | $913921.04    | 1.19%             | 2028-03-14      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN INVEST CO     | Inter-American Investment Corp.                            | CUSIP: 45828Q2B2<br>LEI: 5493001X4LH60PFRL744 | Long             | DBT              | NUSS              | XX        |    400000 | PA      | $402692.68    | 0.52%             | 2028-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development        | CUSIP: 459058LQ4<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   3300000 | PA      | $3412680.38   | 4.44%             | 2032-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ISDB TRUST NO 2              | Isdb Trust Services No. 2 SARL                             | CUSIP: 000000000<br>LEI: 222100S88XMYHA1E3547 | Long             | DBT              | CORP              | LU        |   1400000 | PA      | $1441132.00   | 1.87%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK       | Asian Development Bank                                     | CUSIP: 045167GK3<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |   1000000 | PA      | $1008421.23   | 1.31%             | 2035-03-22      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV      | European Bank for Reconstruction & Development             | CUSIP: 29874QEX8<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |    750000 | PA      | $761479.43    | 0.99%             | 2028-03-09      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV     | Asian Infrastructure Investment Bank                       | CUSIP: 04522KAP1<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |    500000 | PA      | $513075.00    | 0.67%             | 2030-01-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development        | CUSIP: 459058JG9<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   2200000 | PA      | $1881262.46   | 2.45%             | 2030-08-26      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK     | European Investment Bank                                   | CUSIP: 298785JV9<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |   1500000 | PA      | $1469598.86   | 1.91%             | 2033-02-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK     | African Development Bank                                   | CUSIP: 00828EFF1<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | XX        |   1200000 | PA      | $1208279.41   | 1.57%             | 2030-03-18      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                            | CUSIP: 4581X0DX3<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    400000 | PA      | $369743.80    | 0.48%             | 2028-07-20      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| COUNCIL OF EUROPE            | Council of Europe Development Bank                         | CUSIP: 222213AY6<br>LEI: 549300UYNXMI821WYG82 | Long             | DBT              | NUSS              | XX        |   1300000 | PA      | $1252841.71   | 1.63%             | 2026-09-22      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK     | European Investment Bank                                   | CUSIP: 298785KH8<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |    600000 | PA      | $617245.67    | 0.80%             | 2035-02-12      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                            | CUSIP: 4581X0EP9<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |   1800000 | PA      | $1815306.39   | 2.36%             | 2034-07-17      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development        | CUSIP: 459058LU5<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    350000 | PA      | $348998.90    | 0.45%             | 2032-05-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INTL DEVELOPMENT ASSOC       | International Development Association                      | CUSIP: 000000000<br>LEI: P41R60HC414IWQA1XW02 | Long             | DBT              | NUSS              | XX        |    700000 | PA      | $688145.74    | 0.89%             | 2031-09-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ISDB TRUST NO 2              | Isdb Trust Services No. 2 SARL                             | CUSIP: 000000000<br>LEI: 222100S88XMYHA1E3547 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $195482.00    | 0.25%             | 2026-03-31      | Fixed         | 1.26%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN INVEST CO     | Inter-American Investment Corp.                            | CUSIP: 45828Q2D8<br>LEI: 5493001X4LH60PFRL744 | Long             | DBT              | NUSS              | XX        |    500000 | PA      | $505591.57    | 0.66%             | 2029-02-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AGENCE FRANCAISE DEVELOP     | Agence Francaise de Developpement EPIC                     | CUSIP: 000000000<br>LEI: 9695008K5N8MKIT4XJ91 | Long             | DBT              | NUSS              | FR        |   1000000 | PA      | $979325.00    | 1.27%             | 2026-01-22      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| INTL DEVELOPMENT ASSOC       | International Development Association                      | CUSIP: 000000000<br>LEI: P41R60HC414IWQA1XW02 | Long             | DBT              | NUSS              | XX        |    800000 | PA      | $810509.42    | 1.05%             | 2035-02-12      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK     | European Investment Bank                                   | CUSIP: 298785JL1<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |    800000 | PA      | $694065.07    | 0.90%             | 2031-02-14      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development        | CUSIP: 459058KW2<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    300000 | PA      | $307424.67    | 0.40%             | 2028-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| KFW                          | Kreditanstalt fuer Wiederaufbau                            | CUSIP: 500769KH6<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |   1900000 | PA      | $1966573.91   | 2.56%             | 2030-03-18      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| INTL DEVELOPMENT ASSOC       | International Development Association                      | CUSIP: 000000000<br>LEI: P41R60HC414IWQA1XW02 | Long             | DBT              | NUSS              | XX        |   1750000 | PA      | $1497723.50   | 1.95%             | 2030-12-03      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV     | Asian Infrastructure Investment Bank                       | CUSIP: 04522KAM8<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |   1200000 | PA      | $1196172.00   | 1.56%             | 2034-03-13      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                            | CUSIP: 4581X0EF1<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |   1700000 | PA      | $1679602.13   | 2.18%             | 2029-09-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development        | CUSIP: 459058LL5<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   1950000 | PA      | $1894346.92   | 2.46%             | 2034-08-28      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NORDIC INVESTMENT BANK       | Nordic Investment Bank                                     | CUSIP: 65562QBV6<br>LEI: 213800HYL1S7VAXG6Z48 | Long             | DBT              | NUSS              | XX        |   1800000 | PA      | $1785225.51   | 2.32%             | 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        |    400000 | PA      | $384525.64    | 0.50%             | 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        |    600000 | PA      | $580779.00    | 0.76%             | 2026-07-22      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK     | African Development Bank                                   | CUSIP: 00828EEP0<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | XX        |    600000 | PA      | $607989.02    | 0.79%             | 2027-11-03      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                            | CUSIP: 4581X0DG0<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |   1450000 | PA      | $1367183.77   | 1.78%             | 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        |    500000 | PA      | $493772.48    | 0.64%             | 2032-09-28      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                            | CUSIP: 4581X0ER5<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    300000 | PA      | $293717.45    | 0.38%             | 2031-09-17      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| INTL DEVELOPMENT ASSOC       | International Development Association                      | CUSIP: 000000000<br>LEI: P41R60HC414IWQA1XW02 | Long             | DBT              | NUSS              | XX        |    700000 | PA      | $659468.29    | 0.86%             | 2027-06-10      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV      | European Bank for Reconstruction & Development             | CUSIP: 29874QFA7<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |    300000 | PA      | $303222.73    | 0.39%             | 2029-01-25      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK     | African Development Bank                                   | CUSIP: 00828EER6<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | XX        |   1100000 | PA      | $1117244.78   | 1.45%             | 2028-03-14      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                            | CUSIP: 4581X0DS4<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |   5800000 | PA      | $5000029.49   | 6.50%             | 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        |    850000 | PA      | $833420.55    | 1.08%             | 2028-09-18      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development        | CUSIP: 459058LR2<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    300000 | PA      | $303675.28    | 0.39%             | 2030-03-20      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK       | Asian Development Bank                                     | CUSIP: 04517PBT8<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    350000 | PA      | $344010.23    | 0.45%             | 2033-06-14      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ISDB TRUST NO 2              | Isdb Trust Services No. 2 SARL                             | CUSIP: 000000000<br>LEI: 222100S88XMYHA1E3547 | Long             | DBT              | CORP              | LU        |   1650000 | PA      | $1678363.50   | 2.18%             | 2028-03-14      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development        | CUSIP: 459058KA0<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   1800000 | PA      | $1560336.37   | 2.03%             | 2031-11-03      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                            | CUSIP: 4581X0EJ3<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |   2050000 | PA      | $1962142.39   | 2.55%             | 2033-04-12      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                            | CUSIP: 4581X0ES3<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |   2300000 | PA      | $2364102.27   | 3.07%             | 2030-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NORDIC INVESTMENT BANK       | Nordic Investment Bank                                     | CUSIP: 65562QC29<br>LEI: 213800HYL1S7VAXG6Z48 | Long             | DBT              | NUSS              | XX        |    600000 | PA      | $597808.95    | 0.78%             | 2030-05-09      | Fixed         | 3.75%                 | 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        |    899443 | NS      | $899442.79    | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development        | CUSIP: 459058KU6<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   1050000 | PA      | $1056580.53   | 1.37%             | 2030-07-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV     | Asian Infrastructure Investment Bank                       | CUSIP: 04522KAJ5<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |    700000 | PA      | $704193.00    | 0.92%             | 2028-01-18      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN INVEST CO     | Inter-American Investment Corp.                            | CUSIP: 000000000<br>LEI: 5493001X4LH60PFRL744 | Long             | DBT              | NUSS              | XX        |    600000 | PA      | $586736.40    | 0.76%             | 2026-02-10      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development        | CUSIP: 459058JR5<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   3150000 | PA      | $2728217.77   | 3.55%             | 2031-02-10      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP            | International Finance Corp.                                | CUSIP: 45950KDD9<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |    100000 | PA      | $102118.14    | 0.13%             | 2028-07-13      | Fixed         | 4.50%                 | 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      | $1818950.88   | 2.37%             | 2032-03-29      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                            | CUSIP: 4581X0EN4<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |   1400000 | PA      | $1415343.69   | 1.84%             | 2029-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP            | International Finance Corp.                                | CUSIP: 45950KCU2<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |   1150000 | PA      | $983287.85    | 1.28%             | 2030-08-27      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| KFW                          | Kreditanstalt fuer Wiederaufbau                            | CUSIP: 500769KB9<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |    700000 | PA      | $729327.56    | 0.95%             | 2030-10-29      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development        | CUSIP: 459058JC8<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   1450000 | PA      | $1260355.85   | 1.64%             | 2030-05-14      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                            | CUSIP: 4581X0EV6<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    600000 | PA      | $597482.54    | 0.78%             | 2030-06-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV      | European Bank for Reconstruction & Development             | CUSIP: 29874QFB5<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |   1900000 | PA      | $1898027.71   | 2.47%             | 2034-03-13      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK       | Asian Development Bank                                     | CUSIP: 045167GB3<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    800000 | PA      | $794249.51    | 1.03%             | 2034-01-12      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV     | Asian Infrastructure Investment Bank                       | CUSIP: 04522KAL0<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |    900000 | PA      | $908469.00    | 1.18%             | 2029-01-18      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK       | Asian Development Bank                                     | CUSIP: 045167FV0<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    300000 | PA      | $298275.94    | 0.39%             | 2033-01-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK     | European Investment Bank                                   | CUSIP: 298785JW7<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |    650000 | PA      | $643204.54    | 0.84%             | 2030-07-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV     | Asian Infrastructure Investment Bank                       | CUSIP: 04522KAH9<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |    300000 | PA      | $300024.00    | 0.39%             | 2027-09-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development        | CUSIP: 459058LA9<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    350000 | PA      | $351371.81    | 0.46%             | 2031-01-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK      | Inter-American Development Bank                            | CUSIP: 4581X0EL8<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |   1200000 | PA      | $1223575.85   | 1.59%             | 2033-09-13      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP      | International Bank for Reconstruction & Development        | CUSIP: 459058KY8<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   1400000 | PA      | $1455391.52   | 1.89%             | 2033-11-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KFW                          | Kreditanstalt fuer Wiederaufbau                            | CUSIP: 500769JY1<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $199498.91    | 0.26%             | 2033-07-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| COUNCIL OF EUROPE            | Council of Europe Development Bank                         | CUSIP: 222213BE9<br>LEI: 549300UYNXMI821WYG82 | Long             | DBT              | NUSS              | XX        |    200000 | PA      | $201918.83    | 0.26%             | 2029-01-24      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-29

**Name of Applicant:** UBS FUNDS

**Signature:** Joanne Kilkeary

**Name of Signer:** Joanne Kilkeary

**Title:** Vice President and Treasurer