# EDGAR Filing Document

**Accession Number:** 0000886244
**File Stem:** 0001752724-23-025221
**Filing Date:** 2023-2
**Character Count:** 16342
**Document Hash:** 21ef8612478d0820c3b342f946898847
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-025221.hdr.sgml**: 20230215

**ACCESSION NUMBER**: 0001752724-23-025221

**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:** 23633902

**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 Emerging Markets Equity Opportunity Fund (Series ID: S000003134)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000008502 | CLASS P      | UEMPX           |
| C000200986 | CLASS P2     | EMPTX           |

## 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 Emerging Markets Equity Opportunity Fund

- **b. EDGAR series identifier (if any):** S000003134

- **c. LEI of Series:** 549300G1CKU0JOAO1N69

**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:** $476313543.21

**Total Liabilities:** $1532740.74

**Net Assets:** $474780802.47

**Cash Not Reported:** $2709009.23

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000008502 | -4.40%               | 16.56%               | -3.90%               |
| Class ID C000200986 | -4.21%               | 16.52%               | -3.75%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-7513038.26             | $-13881205.42                              |
| Month 2  | $-33609894.82            | $106072716.33                              |
| Month 3  | $-5027036.51             | $-14052663.34                              |

**Designated Index Information**

- **Index Name:** MSCI EM (EMERGING MARKETS)

- **Index Identifier:** MSCI.MC.MXEF

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ping An Insurance Group Co of China Ltd   | Ping An Insurance Group Co. of China Ltd.                  | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |   3219000 | NS      | $21147990.96  | 4.45%             |  |  |  | No            |                  2 | On Loan: No      |
| LONGi Green Energy Technology Co Ltd      | LONGi Green Energy Technology Co. Ltd.                     | CUSIP: 000000000<br>LEI: 300300NRGAITUP1EZ248 | Long             | EC               | CORP              | CN        |   1687704 | NS      | $10219689.25  | 2.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Kweichow Moutai Co Ltd                    | Kweichow Moutai Co. Ltd.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     73667 | NS      | $18223455.09  | 3.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzano SA                                 | Suzano SA                                                  | CUSIP: 000000000<br>LEI: 391200AW174YQSDMGG41 | Long             | EC               | CORP              | BR        |    438900 | NS      | $4052402.71   | 0.85%             |  |  |  | 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        |  14806227 | NS      | $14806226.92  | 3.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bradesco SA                         | Banco Bradesco SA                                          | CUSIP: 000000000<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EP               | CORP              | BR        |   3129759 | NS      | $8927596.72   | 1.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Yandex NV                                 | Yandex NV                                                  | CUSIP: 000000000<br>LEI: 549300GGZHJ5Q1B18P93 | Long             | EC               | CORP              | NL        |    257600 | NS      | $0.26         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Hindustan Unilever Ltd                    | Hindustan Unilever Ltd.                                    | CUSIP: 000000000<br>LEI: 5493007IW5N37IKRPM32 | Long             | EC               | CORP              | IN        |    510813 | NS      | $15780776.46  | 3.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Eicher Motors Ltd                         | Eicher Motors Ltd.                                         | CUSIP: 000000000<br>LEI: 25490059S64CN2OY7239 | Long             | EC               | CORP              | IN        |    376440 | NS      | $14639442.52  | 3.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Midea Group Co Ltd                        | Midea Group Co. Ltd.                                       | CUSIP: 000000000<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |   1189946 | NS      | $8830932.69   | 1.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                | Samsung Electronics Co. Ltd.                               | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    560649 | NS      | $24608703.03  | 5.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd                   | Reliance Industries Ltd.                                   | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |    685544 | NS      | $21046619.40  | 4.43%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt                             | OTP Bank Nyrt                                              | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |    217952 | NS      | $5921993.78   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc                              | MediaTek, Inc.                                             | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |    595000 | NS      | $12030260.00  | 2.53%             |  |  |  | No            |                  2 | On Loan: No      |
| FirstRand Ltd                             | FirstRand Ltd.                                             | CUSIP: 000000000<br>LEI: 529900XYOP8CUZU7R671 | Long             | EC               | CORP              | ZA        |   1145313 | NS      | $4161022.01   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                             | HDFC Bank Ltd.                                             | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    927515 | NS      | $18191861.28  | 3.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Sberbank of Russia PJSC                   | Sberbank of Russia PJSC                                    | CUSIP: 000000000<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |   3568865 | NS      | $3.57         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Nanya Technology Corp                     | Nanya Technology Corp.                                     | CUSIP: 000000000<br>LEI: 254900STKVKJBRRO0835 | Long             | EC               | CORP              | TW        |   4239000 | NS      | $7039525.41   | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Central Asia Tbk PT                  | Bank Central Asia Tbk PT                                   | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |  33159400 | NS      | $18182558.62  | 3.83%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT Exploration & Production PCL          | PTT Exploration & Production PCL                           | CUSIP: 000000000<br>LEI: 2549001O8YYGP5N7Q076 | Long             | EC               | CORP              | TH        |   2715000 | NS      | $13826456.27  | 2.91%             |  |  |  | No            |                  2 | On Loan: No      |
| China Mengniu Dairy Co Ltd                | China Mengniu Dairy Co. Ltd.                               | CUSIP: 000000000<br>LEI: 2549005Q343BSJ8RSS21 | Long             | EC               | CORP              | KY        |   3686000 | NS      | $16620580.57  | 3.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Mandiri Persero Tbk PT               | Bank Mandiri Persero Tbk PT                                | CUSIP: 000000000<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | EC               | CORP              | ID        |  18414400 | NS      | $11742753.88  | 2.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV        | Grupo Financiero Banorte SAB de CV                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |   1894900 | NS      | $13605083.47  | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc                                | JD.com, Inc.                                               | CUSIP: 000000000<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |    693971 | NS      | $19373323.85  | 4.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Naspers Ltd                               | Naspers Ltd.                                               | CUSIP: 000000000<br>LEI: 21380044BQ8812EEKT59 | Long             | EC               | CORP              | ZA        |    121934 | NS      | $20375864.24  | 4.29%             |  |  |  | No            |                  2 | On Loan: No      |
| MTN Group Ltd                             | MTN Group Ltd.                                             | CUSIP: 000000000<br>LEI: 2549009JD6Q6XHZS5E05 | Long             | EC               | CORP              | ZA        |    504555 | NS      | $3768393.21   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA                    | Petroleo Brasileiro SA                                     | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |    810320 | NS      | $8629908.00   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Hynix Inc                              | SK Hynix, Inc.                                             | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |    232243 | NS      | $13856545.80  | 2.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd | Taiwan Semiconductor Manufacturing Co. Ltd.                | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   2499000 | NS      | $36294123.79  | 7.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi National Bank/The                   | Saudi National Bank                                        | CUSIP: 000000000<br>LEI: 5586006ZEFQ542K7CY16 | Long             | EC               | CORP              | SA        |    785033 | NS      | $10566172.55  | 2.23%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                          | MercadoLibre, Inc.                                         | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |     15415 | NS      | $13044789.60  | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| China Merchants Bank Co Ltd               | China Merchants Bank Co. Ltd.                              | CUSIP: 000000000<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | CN        |   1843000 | NS      | $10198889.45  | 2.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                      | Tencent Holdings Ltd.                                      | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |    190000 | NS      | $8056069.13   | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American PLC                        | Anglo American PLC                                         | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |    521310 | NS      | $20414432.64  | 4.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                                   | Meituan                                                    | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | KY        |   1007300 | NS      | $22317568.17  | 4.70%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-26

**Name of Applicant:** UBS FUNDS

**Signature:** Joanne Kilkeary

**Name of Signer:** Joanne Kilkeary

**Title:** Vice President and Treasurer