# EDGAR Filing Document

**Accession Number:** 0000886244
**File Stem:** 0001752724-23-025224
**Filing Date:** 2023-2
**Character Count:** 31909
**Document Hash:** 491bdadf3a97afd50fa6a7e67eb1657b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-025224.hdr.sgml**: 20230215

**ACCESSION NUMBER**: 0001752724-23-025224

**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:** 23633905

**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 International Sustainable Equity Fund (Series ID: S000002980)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000008186 | CLASS A      | BNIEX           |
| C000008189 | CLASS P      | BNUEX           |
| C000222877 | Class P2     | ESPTX           |

## 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 International Sustainable Equity Fund

- **b. EDGAR series identifier (if any):** S000002980

- **c. LEI of Series:** 549300KIT6B6OD7CDR52

**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:** $193775017.27

**Total Liabilities:** $19969252.59

**Net Assets:** $173805764.68

**Cash Not Reported:** $286231.59

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000222877 | 6.12%                | 13.26%               | -2.32%               |
| Class ID C000008189 | 5.90%                | 13.24%               | -2.38%               |
| Class ID C000008186 | 5.93%                | 13.17%               | -2.47%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1623943.42             | $12052340.61                               |
| Month 2  | $-1057956.17             | $24636192.72                               |
| Month 3  | $-3432306.66             | $-1389453.90                               |

**Designated Index Information**

- **Index Name:** MSCI WORLD EX USA

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

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| On Holding AG                                | On Holding AG                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |     63500 | NS      | $1089660.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: —       |
| 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        |    446500 | NS      | $2933388.62   | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| ITOCHU Corp                                  | ITOCHU Corp.                                                                | CUSIP: 000000000<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |     79200 | NS      | $2484721.63   | 1.43%             |  |  |  | No            |                  2 | On Loan: —       |
| Suzano SA                                    | Suzano SA                                                                   | CUSIP: 000000000<br>LEI: 391200AW174YQSDMGG41 | Long             | EC               | CORP              | BR        |    284200 | NS      | $2624043.86   | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Merida Industry Co Ltd                       | Merida Industry Co. Ltd.                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    138000 | NS      | $747892.21    | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                              | ASML Holding NV                                                             | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      3034 | NS      | $1654293.47   | 0.95%             |  |  |  | No            |                  2 | On Loan: —       |
| State Street Global Advisors                 | State Street Institutional US Government Money Market Fund                  | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   1855974 | NS      | $1855973.77   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Mowi ASA                                     | Mowi ASA                                                                    | CUSIP: 000000000<br>LEI: 549300W1OGQF5LZIH349 | Long             | EC               | CORP              | NO        |     83496 | NS      | $1422796.27   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Schlumberger Ltd                             | Schlumberger Ltd.                                                           | CUSIP: 000000000<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     90192 | NS      | $4821664.32   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Mahindra & Mahindra Ltd                      | Mahindra & Mahindra Ltd.                                                    | CUSIP: 000000000<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |    193227 | NS      | $2908066.35   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                       | SAP SE                                                                      | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     17142 | NS      | $1769751.68   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp                              | Sony Group Corp.                                                            | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     42600 | NS      | $3247039.10   | 1.87%             |  |  |  | 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        |   6349238 | NS      | $6349238.25   | 3.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bradesco SA                            | Banco Bradesco SA                                                           | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |    344090 | NS      | $990979.20    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Barry Callebaut AG                           | Barry Callebaut AG                                                          | CUSIP: 000000000<br>LEI: 213800Y5RWKLDPUTT265 | Long             | EC               | CORP              | CH        |      2034 | NS      | $4016642.16   | 2.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Genmab A/S                                   | Genmab AS                                                                   | CUSIP: 000000000<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |      6428 | NS      | $2717724.89   | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Metso Outotec Oyj                            | Metso Outotec Oyj                                                           | CUSIP: 000000000<br>LEI: 549300R0VN9C371W0E07 | Long             | EC               | CORP              | FI        |    377147 | NS      | $3883657.25   | 2.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                    | Alibaba Group Holding Ltd.                                                  | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     23727 | NS      | $2090111.43   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Telegraph & Telephone Corp            | Nippon Telegraph & Telephone Corp.                                          | CUSIP: 000000000<br>LEI: 353800VHQU5VIXVUA841 | Long             | EC               | CORP              | JP        |    108600 | NS      | $3097109.69   | 1.78%             |  |  |  | No            |                  2 | On Loan: No      |
| NXP Semiconductors NV                        | NXP Semiconductors NV                                                       | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |      9935 | NS      | $1570028.05   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                                     | RELX PLC                                                                    | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |     74452 | NS      | $2058450.85   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Philips NV                       | Koninklijke Philips NV                                                      | CUSIP: 000000000<br>LEI: H1FJE8H61JGM1JSGM897 | Long             | EC               | CORP              | NL        |     78773 | NS      | $1185313.80   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| PRADA SpA                                    | PRADA SpA                                                                   | CUSIP: 000000000<br>LEI: 8156000FE0A2DC5B7852 | Long             | EC               | CORP              | IT        |    249800 | NS      | $1402328.96   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Galapagos NV                                 | Galapagos NV                                                                | CUSIP: 000000000<br>LEI: 549300QKJ78IY0IOV655 | Long             | EC               | CORP              | BE        |     25973 | NS      | $1149645.15   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd                                  | Infosys Ltd.                                                                | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |    108599 | NS      | $1955867.99   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA                                       | AXA SA                                                                      | CUSIP: 000000000<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |    142847 | NS      | $3979074.92   | 2.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Ubisoft Entertainment SA                     | Ubisoft Entertainment SA                                                    | CUSIP: 000000000<br>LEI: 969500I7C8V1LBIMSM05 | Long             | EC               | CORP              | FR        |     77263 | NS      | $2182742.30   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Central Asia Tbk PT                     | Bank Central Asia Tbk PT                                                    | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |   6953600 | NS      | $3812923.02   | 2.19%             |  |  |  | No            |                  2 | On Loan: No      |
| LivaNova PLC                                 | LivaNova PLC                                                                | CUSIP: 000000000<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               | CORP              | GB        |     18023 | NS      | $1000997.42   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                         | Royal Bank of Canada                                                        | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |     40459 | NS      | $3803863.15   | 2.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Li Auto Inc                                  | Li Auto, Inc.                                                               | CUSIP: 50202M102<br>LEI: 2549003R73Q70J5H4I65 | Long             | EC               | CORP              | KY        |     57871 | NS      | $1180568.40   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| China Mengniu Dairy Co Ltd                   | China Mengniu Dairy Co. Ltd.                                                | CUSIP: 000000000<br>LEI: 2549005Q343BSJ8RSS21 | Long             | EC               | CORP              | KY        |    364000 | NS      | $1641316.15   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Mandiri Persero Tbk PT                  | Bank Mandiri Persero Tbk PT                                                 | CUSIP: 000000000<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | EC               | CORP              | ID        |   5414500 | NS      | $3452794.60   | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| CTS Eventim AG & Co KGaA                     | CTS Eventim AG & Co. KGaA                                                   | CUSIP: 000000000<br>LEI: 529900FDHSN08UBJII80 | Long             | EC               | CORP              | DE        |     53466 | NS      | $3393962.98   | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| London Stock Exchange Group PLC              | London Stock Exchange Group PLC                                             | CUSIP: 000000000<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |     42954 | NS      | $3690659.05   | 2.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhongsheng Group Holdings Ltd                | Zhongsheng Group Holdings Ltd.                                              | CUSIP: 000000000<br>LEI: 3003005VYMEBAJNJ2Y26 | Long             | EC               | CORP              | KY        |    188500 | NS      | $965515.60    | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Sage Group PLC/The                           | Sage Group PLC                                                              | CUSIP: 000000000<br>LEI: 2138005RN5XYLTF8G138 | Long             | EC               | CORP              | GB        |    324495 | NS      | $2921980.65   | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Engineering Co Ltd                   | Samsung Engineering Co. Ltd.                                                | CUSIP: 000000000<br>LEI: 988400HDAY5KIVHGZ188 | Long             | EC               | CORP              | KR        |    143698 | NS      | $2542124.98   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| OBIC Business Consultants Co Ltd             | OBIC Business Consultants Co. Ltd.                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     73700 | NS      | $2399205.60   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                              | AstraZeneca PLC                                                             | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     32874 | NS      | $4448488.35   | 2.56%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIX Corp                                    | ORIX Corp.                                                                  | CUSIP: 000000000<br>LEI: 35380016EMHNBOVYE123 | Long             | EC               | CORP              | JP        |    114100 | NS      | $1826359.05   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                                 | Unilever PLC                                                                | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     72425 | NS      | $3634049.92   | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd                    | Shin-Etsu Chemical Co. Ltd.                                                 | CUSIP: 000000000<br>LEI: 353800PX8Q64N86H5W41 | Long             | EC               | CORP              | JP        |     16400 | NS      | $2002639.49   | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp                            | Toyota Motor Corp.                                                          | CUSIP: 000000000<br>LEI: 5493006W3QUS5LMH6R84 | Long             | EC               | CORP              | JP        |    141100 | NS      | $1924962.78   | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Alcon Inc                                    | Alcon, Inc.                                                                 | CUSIP: 000000000<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |     36075 | NS      | $2475428.74   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Galp Energia SGPS SA                         | Galp Energia SGPS SA                                                        | CUSIP: 000000000<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |    379025 | NS      | $5113281.91   | 2.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Axis Bank Ltd                                | Axis Bank Ltd.                                                              | CUSIP: 05462W109<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |     12823 | NS      | $725425.00    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Ashtead Group PLC                            | Ashtead Group PLC                                                           | CUSIP: 000000000<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |     52500 | NS      | $2982249.36   | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Danone SA                                    | Danone SA                                                                   | CUSIP: 000000000<br>LEI: 969500KMUQ2B6CBAF162 | Long             | EC               | CORP              | FR        |     71595 | NS      | $3773461.62   | 2.17%             |  |  |  | No            |                  2 | On Loan: No      |
| LANXESS AG                                   | LANXESS AG                                                                  | CUSIP: 000000000<br>LEI: 529900PTLRE72EMYIJ77 | Long             | EC               | CORP              | DE        |     26928 | NS      | $1080531.33   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Prysmian SpA                                 | Prysmian SpA                                                                | CUSIP: 000000000<br>LEI: 529900X0H1IO3RS1A464 | Long             | EC               | CORP              | IT        |     53807 | NS      | $1999226.10   | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Aon PLC                                      | Aon PLC                                                                     | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |     10093 | NS      | $3029313.02   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| SoftBank Group Corp                          | SoftBank Group Corp.                                                        | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | EC               | CORP              | JP        |     54600 | NS      | $2309193.95   | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB Group PLC                                | AIB Group PLC                                                               | CUSIP: 000000000<br>LEI: 635400AKJBGNS5WNQL34 | Long             | EC               | CORP              | IE        |    934249 | NS      | $3586025.98   | 2.06%             |  |  |  | No            |                  2 | On Loan: —       |
| Infrastrutture Wireless Italiane SpA         | Infrastrutture Wireless Italiane SpA                                        | CUSIP: 000000000<br>LEI: 81560066183FE361C071 | Long             | EC               | CORP              | IT        |    169654 | NS      | $1711504.33   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Generale des Etablissements Michelin SCA | Cie Generale des Etablissements Michelin SCA                                | CUSIP: 000000000<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |     95885 | NS      | $2671094.29   | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix Inc                                 | SK Hynix, Inc.                                                              | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     23039 | NS      | $1374598.84   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Knorr-Bremse AG                              | Knorr-Bremse AG                                                             | CUSIP: 000000000<br>LEI: 5299001GRRO0Z25YZT52 | Long             | EC               | CORP              | DE        |     21393 | NS      | $1163829.22   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd    | Taiwan Semiconductor Manufacturing Co. Ltd.                                 | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     22200 | NS      | $1653678.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                             | MercadoLibre, Inc.                                                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      1926 | NS      | $1629858.24   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential PLC                               | Prudential PLC                                                              | CUSIP: 000000000<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | EC               | CORP              | GB        |    222174 | NS      | $3029406.38   | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                  | Novartis AG                                                                 | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     45365 | NS      | $4105415.39   | 2.36%             |  |  |  | No            |                  2 | On Loan: No      |
| DCC PLC                                      | DCC PLC                                                                     | CUSIP: 000000000<br>LEI: 213800UPS1QEE4TD3T45 | Long             | EC               | CORP              | IE        |     32206 | NS      | $1583630.54   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| NEC Corp                                     | NEC Corp.                                                                   | CUSIP: 000000000<br>LEI: 5493000QYMPFRTEY4K28 | Long             | EC               | CORP              | JP        |     38800 | NS      | $1360686.04   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                         | Tencent Holdings Ltd.                                                       | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     42600 | NS      | $1806255.50   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Spectris PLC                                 | Spectris PLC                                                                | CUSIP: 000000000<br>LEI: 213800Z4CO2CZO3M3T10 | Long             | EC               | CORP              | GB        |     66648 | NS      | $2414432.34   | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Pacific Railway Ltd                 | Canadian Pacific Railway Ltd.                                               | CUSIP: 13645T100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     23248 | NS      | $1733298.08   | 1.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Axis Bank Ltd                                | Axis Bank Ltd.                                                              | CUSIP: 05462W109<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |     37484 | NS      | $2129091.20   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                                    | Aptiv PLC                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |     15362 | NS      | $1430663.06   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Galapagos NV                                 | Galapagos NV                                                                | CUSIP: 000000000<br>LEI: 549300QKJ78IY0IOV655 | Long             | EC               | CORP              | BE        |      4699 | NS      | $208547.38    | 0.12%             |  |  |  | No            |                  2 | On Loan: —       |
| Brambles Ltd                                 | Brambles Ltd.                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    289345 | NS      | $2372803.66   | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinor ASA                                  | Equinor ASA                                                                 | CUSIP: 000000000<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     70114 | NS      | $2519914.26   | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Infineon Technologies AG                     | Infineon Technologies AG                                                    | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     51819 | NS      | $1574877.10   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                                      | Meituan                                                                     | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | KY        |     95500 | NS      | $2115881.82   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Chem Ltd                                  | LG Chem Ltd.                                                                | CUSIP: 000000000<br>LEI: 988400IES4EIG7O06940 | Long             | EC               | CORP              | KR        |      6569 | NS      | $3136889.97   | 1.80%             |  |  |  | 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