Ubs Funds IRANNOTICEDisclosure regarding Iran Threat Reduction and Syria Human Rights Act

The UBS Funds

One North Wacker Drive

Chicago, Illinois 60606

September 8, 2023

VIA EDGAR

US Securities and Exchange Commission

100 F Street, N.E.

Washington, DC 20549

Re: Notice of Disclosure Filed in Exchange Act Annual Report under Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 and Section 13(r) of the Exchange Act

Ladies and Gentlemen:

Pursuant to Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 and Section 13(r) of the Securities Exchange Act of 1934, as amended, notice is hereby provided that The UBS Funds has made disclosure pursuant to such provisions in its Annual Report on Form N-CSR for the fiscal year ended June 30, 2023, which was filed with the US Securities and Exchange Commission on September 8, 2023.