UBS Mutual Funds

Tailored Shareholder Reports

Fund	Fund	Annual - A Class	Annual - A Class	Annual - P Class	Annual - P Class	Annual - P2 Class	Annual - P2 Class	Semiannual - A Class	Semiannual - A Class	Semiannual - P Class	Semiannual - P Class	Semiannual - P2 Class	Semiannual - P2 Class
Fund	UBS Emerging Markets Equity Opportunity Fund	Annual - A Class	N/A	Annual - P Class	PDF	Annual - P2 Class	PDF	Semiannual - A Class	N/A	Semiannual - P Class	PDF	Semiannual - P2 Class	PDF
Fund	UBS Engage For Impact Fund	Annual - A Class	N/A	Annual - P Class	PDF	Annual - P2 Class	PDF	Semiannual - A Class	N/A	Semiannual - P Class	PDF	Semiannual - P2 Class	PDF
Fund	UBS Global Allocation Fund	Annual - A Class	PDF	Annual - P Class	PDF	Annual - P2 Class	N/A	Semiannual - A Class	PDF	Semiannual - P Class	PDF	Semiannual - P2 Class	N/A
Fund	UBS International Sustainable Equity Fund	Annual - A Class	PDF	Annual - P Class	PDF	Annual - P2 Class	PDF	Semiannual - A Class	PDF	Semiannual - P Class	PDF	Semiannual - P2 Class	PDF
Fund	UBS Multi Income Bond Fund	Annual - A Class	PDF	Annual - P Class	PDF	Annual - P2 Class	PDF	Semiannual - A Class	PDF	Semiannual - P Class	PDF	Semiannual - P2 Class	PDF
Fund	UBS Sustainable Development Bank Bond Fund	Annual - A Class	N/A	Annual - P Class	PDF	Annual - P2 Class	PDF	Semiannual - A Class	N/A	Semiannual - P Class	PDF	Semiannual - P2 Class	PDF
Fund	UBS U.S. Small Cap Growth Fund	Annual - A Class	PDF	Annual - P Class	PDF	Annual - P2 Class	N/A	Semiannual - A Class	PDF	Semiannual - P Class	PDF	Semiannual - P2 Class	N/A
Fund	UBS US Dividend Ruler Fund	Annual - A Class	N/A	Annual - P Class	PDF	Annual - P2 Class	PDF	Semiannual - A Class	N/A	Semiannual - P Class	PDF	Semiannual - P2 Class	PDF
Fund	UBS US Quality Growth at Reasonable Fund	Annual - A Class	N/A	Annual - P Class	PDF	Annual - P2 Class	N/A	Semiannual - A Class	N/A	Semiannual - P Class	PDF	Semiannual - P2 Class	N/A
Fund	UBS U.S. Allocation Fund	Annual - A Class	PDF	Annual - P Class	PDF	Annual - P2 Class	N/A	Semiannual - A Class	*	Semiannual - P Class	*	Semiannual - P2 Class	N/A

Fund	Fund	Annual - Single Share Class	Annual - Single Share Class	Semiannual - Single Share Class	Semiannual - Single Share Class
Fund	SMA Relationship Trust - Series M	Annual - Single Share Class	PDF	Semiannual - Single Share Class	PDF