THE UBS FUNDS ADMINISTRATION CONTRACT AMENDMENT NUMBER ONE

Exhibit 99.(h)(1)(viii)

THE UBS FUNDS

ADMINISTRATION CONTRACT

AMENDMENT NUMBER ONE

THIS AMENDMENT is made this 30th day of December, 2015, by and between The UBS Funds, a Delaware statutory trust (the “Trust”), and UBS Asset Management (Americas) Inc. (formerly, UBS Global Asset Management (America) Inc.), a Delaware corporation (the “Administrator”).

WHEREAS, the Trust and the Administrator have previously entered into an Administration Contract, dated April 1, 2006 (the “Contract”), pursuant to which the Administrator agreed to furnish certain administrative services to the Trust with respect to each of the series of the Trust listed on Exhibit A to the Contract, as it may be amended from time to time; and

WHEREAS, the Administrator has changed its name to “UBS Asset Management (Americas) Inc.” and the Trust and the Administrator desire to amend the Contract to reflect the new name of the Administrator;

NOW, THEREFORE, in consideration of the terms and conditions hereinafter set forth, it is agreed as follows:

1. The name of UBS Global Asset Management (Americas) Inc., and all references in the Contract to UBS Global Asset Management (Americas) Inc., shall be changed to UBS Asset Management (Americas) Inc.

2. The effective date of the Amendment shall be December 30, 2015.

3. The parties hereby further agree that no other provisions of the Contract are in any way modified by this Amendment, and that all other provisions of the Contract remain in full force and effect.

IN WITNESS WHEREOF, the parties hereby have caused this Amendment to be executed this 30th day of December, 2015.

THE UBS FUNDS			THE UBS FUNDS
By:	/s/ Xxxxxx Xxx		By:	/s/ Xxxxxx Xxxxxxx
Name:	Xxxxxx Xxx		Name:	Xxxxxx Xxxxxxx
Title:	Vice President and Assistant Secretary		Title:	Vice President, Treasurer and Principal Accounting Officer
UBS ASSET MANAGEMENT (AMERICAS) INC.			UBS ASSET MANAGEMENT (AMERICAS) INC.
By:	/s/ Xxxxxx X. Xxxxxxxx		By:	/s/ Xxxx Xxxxxx
Name:	Xxxxxx X. Xxxxxxxx		Name:	Xxxx Xxxxxx
Title:	Chief Compliance Officer		Title:	Managing Director and General Counsel