# EDGAR Filing Document

**Accession Number:** 0000886244
**File Stem:** 0001752724-23-025216
**Filing Date:** 2023-2
**Character Count:** 18475
**Document Hash:** 129b6d43aa179de6040535e7b1b8f69f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-025216.hdr.sgml**: 20230215

**ACCESSION NUMBER**: 0001752724-23-025216

**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:** 23633897

**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 All China Equity Fund (Series ID: S000065858)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000212770 | Class P2     | ACPTX           |
| C000212772 | Class P      | UACPX           |

## 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 All China Equity Fund

- **b. EDGAR series identifier (if any):** S000065858

- **c. LEI of Series:** 549300RH0PRC18Y55I59

**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:** $3430669.01

**Total Liabilities:** $88631.89

**Net Assets:** $3342037.12

**Cash Not Reported:** $16117.74

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000212770 | -20.34%              | 33.95%               | 5.59%                |
| Class ID C000212772 | -20.42%              | 34.13%               | 5.38%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-0.77                   | $-604842.92                                |
| Month 2  | $0.00                    | $806765.17                                 |
| Month 3  | $-7.66                   | $171575.98                                 |

**Designated Index Information**

- **Index Name:** MSCI China All Shares Index

- **Index Identifier:** MSCI.MC.MSCI704844

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Hong Kong Exchanges & Clearing Ltd          | Hong Kong Exchanges & Clearing Ltd.                        | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |      2900 | NS      | $125281.69    | 3.75%             |  |  |  | No            |                  2 | On Loan: No      |
| 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        |     22500 | NS      | $148886.36    | 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        |      1640 | NS      | $9969.71      | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Hangzhou Silan Microelectronics Co Ltd      | Hangzhou Silan Microelectronics Co. Ltd.                   | CUSIP: 000000000<br>LEI: 300300A6XLSTHVDNCV85 | Long             | EC               | CORP              | CN        |      8500 | NS      | $40093.07     | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Kweichow Moutai Co Ltd                      | Kweichow Moutai Co. Ltd.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1300 | NS      | $322956.97    | 9.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuliangye Yibin Co Ltd                      | Wuliangye Yibin Co. Ltd.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1300 | NS      | $33789.86     | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Hainan Meilan International Airport Co Ltd  | Hainan Meilan International Airport Co. Ltd.               | CUSIP: 000000000<br>LEI: 300300LBYCJWUTE07R10 | Long             | EC               | CORP              | CN        |     23000 | NS      | $69983.15     | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors                | State Street Institutional US Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |     75443 | NS      | $75443.26     | 2.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Smoore International Holdings Ltd           | Smoore International Holdings Ltd.                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     11000 | NS      | $17080.37     | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Midea Group Co Ltd                          | Midea Group Co. Ltd.                                       | CUSIP: 000000000<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |      2100 | NS      | $15647.97     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Hengrui Pharmaceuticals Co Ltd      | Jiangsu Hengrui Pharmaceuticals Co. Ltd.                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7500 | NS      | $41568.97     | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingsoft Corp Ltd                           | Kingsoft Corp. Ltd.                                        | CUSIP: 000000000<br>LEI: 529900UVT35D3Q7YQY41 | Long             | EC               | CORP              | KY        |      3000 | NS      | $10031.45     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Ping An Bank Co Ltd                         | Ping An Bank Co. Ltd.                                      | CUSIP: 000000000<br>LEI: 549300W9MKNIVWXFM679 | Long             | EC               | CORP              | CN        |     70000 | NS      | $132514.35    | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Inner Mongolia Yili Industrial Group Co Ltd | Inner Mongolia Yili Industrial Group Co. Ltd.              | CUSIP: 000000000<br>LEI: 3003002Q2A863JPQFH06 | Long             | EC               | CORP              | CN        |     21600 | NS      | $96321.76     | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Joinn Laboratories China Co Ltd             | Joinn Laboratories China Co. Ltd.                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     14980 | NS      | $76670.92     | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CSPC Pharmaceutical Group Ltd               | CSPC Pharmaceutical Group Ltd.                             | CUSIP: 000000000<br>LEI: 529900M3XQCW234H8O91 | Long             | EC               | CORP              | HK        |     96000 | NS      | $100852.61    | 3.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Yunnan Baiyao Group Co Ltd                  | Yunnan Baiyao Group Co. Ltd.                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      6020 | NS      | $47074.41     | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| WuXi AppTec Co Ltd                          | WuXi AppTec Co. Ltd.                                       | CUSIP: 000000000<br>LEI: 254900OEPQLZSPLN9175 | Long             | EC               | CORP              | CN        |      5600 | NS      | $59153.54     | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| TAL Education Group                         | TAL Education Group                                        | CUSIP: 874080104<br>LEI: 5493003PJZS0EC085V72 | Long             | EC               | CORP              | KY        |      3168 | NS      | $22334.40     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Wuxi Biologics Cayman Inc                   | Wuxi Biologics Cayman, Inc.                                | CUSIP: 000000000<br>LEI: 5493001TD2TH6VDTJU11 | Long             | EC               | CORP              | KY        |      7000 | NS      | $53674.04     | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Li Auto Inc                                 | Li Auto, Inc.                                              | CUSIP: 50202M102<br>LEI: 2549003R73Q70J5H4I65 | Long             | EC               | CORP              | KY        |       682 | NS      | $13912.80     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SSY Group Ltd                               | SSY Group Ltd.                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    148000 | NS      | $81722.39     | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase Inc                                 | NetEase, Inc.                                              | CUSIP: 000000000<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |     21000 | NS      | $308053.99    | 9.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Wanhua Chemical Group Co Ltd                | Wanhua Chemical Group Co. Ltd.                             | CUSIP: 000000000<br>LEI: 3003002H0G2KDG6CR124 | Long             | EC               | CORP              | CN        |      1400 | NS      | $18658.75     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc                                  | JD.com, Inc.                                               | CUSIP: 000000000<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |      1509 | NS      | $42570.49     | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Li Ning Co Ltd                              | Li Ning Co. Ltd.                                           | CUSIP: 000000000<br>LEI: 529900T77L2FV3FZ3U81 | Long             | EC               | CORP              | KY        |      2500 | NS      | $21699.58     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| China Jinmao Holdings Group Ltd             | China Jinmao Holdings Group Ltd.                           | CUSIP: 000000000<br>LEI: 3003000CW9WBO3PJ7R66 | Long             | EC               | CORP              | HK        |     82000 | NS      | $17649.21     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Far East Horizon Ltd                        | Far East Horizon Ltd.                                      | CUSIP: 000000000<br>LEI: 549300S9XRGO1ZPUHE62 | Long             | EC               | CORP              | HK        |     56000 | NS      | $43764.29     | 1.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Country Garden Services Holdings Co Ltd     | Country Garden Services Holdings Co. Ltd.                  | CUSIP: 000000000<br>LEI: 549300P2JRKENZSEBB42 | Long             | EC               | CORP              | KY        |     13000 | NS      | $32377.38     | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Longfor Group Holdings Ltd                  | Longfor Group Holdings Ltd.                                | CUSIP: 000000000<br>LEI: 254900UJX27B2F1JYR13 | Long             | EC               | CORP              | KY        |     18000 | NS      | $56037.77     | 1.68%             |  |  |  | No            |                  1 | On Loan: —       |
| Alibaba Group Holding Ltd                   | Alibaba Group Holding Ltd.                                 | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |      5400 | NS      | $59669.85     | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Anhui Gujing Distillery Co Ltd              | Anhui Gujing Distillery Co. Ltd.                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5200 | NS      | $83275.15     | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Chinasoft International Ltd                 | Chinasoft International Ltd.                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     52000 | NS      | $45235.06     | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| China Merchants Bank Co Ltd                 | China Merchants Bank Co. Ltd.                              | CUSIP: 000000000<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | CN        |     56500 | NS      | $315961.92    | 9.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Yihai International Holding Ltd             | Yihai International Holding Ltd.                           | CUSIP: 000000000<br>LEI: 3003004D79NRTSL70K40 | Long             | EC               | CORP              | KY        |     12000 | NS      | $42431.89     | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                               | AIA Group Ltd.                                             | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |      4000 | NS      | $44481.74     | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                        | Tencent Holdings Ltd.                                      | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |      7900 | NS      | $338045.85    | 10.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                                     | Meituan                                                    | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | KY        |      4800 | NS      | $107432.63    | 3.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Anhui Conch Cement Co Ltd                   | Anhui Conch Cement Co. Ltd.                                | CUSIP: 000000000<br>LEI: 300300JVKW56SSAEQZ33 | Long             | EC               | CORP              | CN        |      6500 | NS      | $22734.12     | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Yunnan Energy New Material Co Ltd           | Yunnan Energy New Material Co. Ltd.                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3400 | NS      | $64212.49     | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| China Resources Land Ltd                    | China Resources Land Ltd.                                  | CUSIP: 000000000<br>LEI: 5299001HL0TU7X15HK51 | Long             | EC               | CORP              | KY        |     22000 | NS      | $100762.93    | 3.02%             |  |  |  | No            |                  1 | 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