# EDGAR Filing Document

**Accession Number:** 0000886244
**File Stem:** 0001104659-23-031834
**Filing Date:** 2023-3
**Character Count:** 4799
**Document Hash:** 6fb1c1e5f06e24f6017912ea7f911144
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-031834.hdr.sgml**: 20230313

**ACCESSION NUMBER**: 0001104659-23-031834

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230313

**DATE AS OF CHANGE**: 20230313

**EFFECTIVENESS DATE**: 20230313

**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:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-47287
- **FILM NUMBER:** 23728359

**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 US Dividend Ruler Fund (Series ID: S000068969)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class P    | DVRUX         | C000220414 |

---

## Series and Classes Contracts Data

### UBS US Dividend Ruler Fund (Series ID: S000068969)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000220414 | Class P      | DVRUX           |

![](j22320376_ba001.jpg)

The UBS Funds

Prospectus Supplement \| March 13, 2023

**Includes:**

• UBS US Dividend Ruler Fund

Dear Investor,

The purpose of this supplement is to update information in the Prospectus relating to Class P shares, dated October 28, 2022, for UBS US Dividend Ruler Fund (the "Fund"), a series of The UBS Funds. Effective March 13, 2023, the Prospectus is revised as follows:

1. The information in the table under the heading "Advisory fees" is deleted and replaced with the following:

---

| | | | |
|:---|:---|:---|:---|
| | | **Advisory fee breakpoint schedule** | **Advisory fee breakpoint schedule** |
|<br>**Fund** | **Effective gross**<br> **advisory fee as of**<br>**June 30, 2022** | **Assets under management** | **Fee** |
| UBS US Dividend Ruler Fund<sup>1</sup>  | 0.50% | First $250 million<br>On the next $250 million — $500 million<br>On the next $500 million — $750 million<br>On the next $750 million — $1 billion<br>On the next $1 billion — $2 billion<br>Above $2 billion | 0.5000%<br> 0.4875%<br> 0.4750%<br> 0.4625%<br> 0.4500%<br> 0.4375% |

---

<sup>1</sup> Prior to March 7, 2023, the investment advisory fee payable to the Advisor, before fee waivers and/or expense reimbursements, by the Fund was: 0.50% on all assets under management.

2. References to investing in companies at the time of their initial public offering ("IPO") under the subheadings "Principal investments" and "Principal investment strategies," and the corresponding "IPOs risk" under the subheadings "Main risks" and "More about risks," are deleted in their entirety.

3. The subheading "More about risks" is renamed "Additional information about principal risks" and a new subheading titled "Additional (non-principal) risks" is added immediately following the subheading "Additional information about principal risks." "Cybersecurity risk" and "Securities lending risk" are moved to the subheading "Additional (non-principal) risks" section.

4. The last paragraph under the subheading "Management process" and second to last paragraph under the subheading "Securities selection" is deleted and replaced with the following:

The Fund is classified by UBS AM (Americas) as an "ESG-integrated" fund. The Fund's investment process integrates material sustainability and/or ESG considerations into the research process for equity portfolio investments and portfolio holdings for which ESG data is available. ESG integration is driven by taking into account material sustainability and/or ESG risks which could impact investment returns, rather than being driven by specific ethical principles or norms. The analysis of material sustainability and/or ESG considerations can include many different aspects, including, for example, the carbon footprint, employee

ZS-1215

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health and well-being, supply chain management, fair customer treatment and governance processes of a company. The Fund's portfolio managers may still invest in securities without respect to sustainability and/or ESG considerations or in securities which present sustainability and/or ESG risks, including where the portfolio managers believe the potential compensation outweighs the risks identified.

**PLEASE BE SURE TO RETAIN THIS IMPORTANT INFORMATION FOR FUTURE REFERENCE.**

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