# UBS (Lux) Strategy SICAV
– Income Sustainable (CHF)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2022 | 31.5.2022 | 31.5.2021 |
| Net assets in CHF |  | 74 727 569.03 | 81 255 164.74 | 104 354 827.10 |
| Class P-acc | LU0994951381 |  |  |  |
| Shares outstanding |  | 589 308.8230 | 602 707.3400 | 671 376.8210 |
| Net asset value per share in CHF |  | 94.19 | 99.13 | 108.73 |
| Issue and redemption price per share in CHF 1 |  | 94.19 | 99.06 | 108.73 |
| Class P-dist | LU0994669108 |  |  |  |
| Shares outstanding |  | 187 397.8280 | 196 818.5470 | 252 961.4590 |
| Net asset value per share in CHF |  | 87.35 | 92.10 | 102.02 |
| Issue and redemption price per share in CHF 1 |  | 87.35 | 92.04 | 102.02 |
| Class Q-acc | LU1240800968 |  |  |  |
| Shares outstanding |  | 16 043.0150 | 18 993.0150 | 31 733.5070 |
| Net asset value per share in CHF |  | 95.15 | 99.87 | 108.94 |
| Issue and redemption price per share in CHF 1 |  | 95.15 | 99.80 | 108.94 |
| Class Q-dist | LU1240801008 |  |  |  |
| Shares outstanding |  | 15 425.2340 | 16 366.8630 | 20 757.4970 |
| Net asset value per share in CHF |  | 86.06 | 90.83 | 100.60 |
| Issue and redemption price per share in CHF 1 |  | 86.06 | 90.77 | 100.60 |
| 1  See note 1 |  |  |  |  |


## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
Luxembourg	79.19
Ireland	10.19
Switzerland	7.16
Economic Breakdown as a % of net assets	
| Investment funds | 89.38 |
| --- | --- |
| Pharmaceuticals, cosmetics & medical products | 2.06 |
| Food & soft drinks | 1.69 |
| Insurance | 0.72 |
| Finance & holding companies | 0.65 |
| Chemicals | 0.44 |
| Watches & jewellery | 0.41 |
| Electrical devices & components | 0.32 |
| Traffic & transportation | 0.17 |
| Miscellaneous services | 0.16 |
| Telecommunications | 0.14 |
| Building industry & materials | 0.13 |
| Computer hardware & network equipment providers | 0.13 |
| Banks & credit institutions | 0.09 |
| Internet, software & IT services | 0.03 |
| Mechanical engineering & industrial equipment | 0.02 |
| Total | 96.54 |

UBS (Lux) Strategy SICAV – Income Sustainable (CHF) Semi-Annual Report as of 30 November 2022

## Statement of Net Assets
Assets	30.11.2022
CHF
Investments in securities, cost	78 664 952.43
| Investments in securities, unrealized appreciation (depreciation) | 	-6 524 685.77	 |
| --- | --- |
| Total investments in securities (Note 1) | 72 140 266.66 |
| Cash at banks, deposits on demand and deposit accounts | 2 241 170.86 |
| Receivable on subscriptions | 8 263.08 |
| Interest receivable on liquid assets | 98.98 |
| Prepaid expenses | 75 079.76 |
| Unrealized gain on forward foreign exchange contracts (Note 1) | 353 812.58 |
| Total Assets | 74 818 691.92 |
|  |  |
| Liabilities |  |
| Bank overdraft | -1.76 |
| Payable on redemptions | -1 000.09 |
| Provisions for flat fee (Note 2) | -77 713.46 |
| Provisions for taxe d’abonnement (Note 3) | -1 288.91 |
| Provisions for other commissions and fees (Note 2) | 	-11 118.67	 |
| Total provisions | -90 121.04 |
| Total Liabilities | -91 122.89 |
|  |  |
| Net assets at the end of the period | 74 727 569.03 |
| Statement of Operations | CHF |
| Income | 1.6.2022-30.11.2022 |
| Interest on liquid assets | 5 284.83 |
| Dividends | 15 371.12 |
| Net income on securities lending (Note 10) | 67.56 |
| Other income (Note 4) | 1 534.43 |
| Total income | 22 257.94 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -490 412.22 |
| Taxe d’abonnement (Note 3) | -3 747.17 |
| Other commissions and fees (Note 2) | -11 063.63 |
| Interest on cash and bank overdraft | -615.12 |
| Total expenses | -505 838.14 |
|  |  |
| Net income (loss) on investments | -483 580.20 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | -1 434 840.75 |
| Realized gain (loss) on options | -60.24 |
| Realized gain (loss) on forward foreign exchange contracts | 320 668.22 |
| Realized gain (loss) on foreign exchange | 234 633.19 |
| Total realized gain (loss) | -879 599.58 |
|  |  |
| Net realized gain (loss) of the period | -1 363 179.78 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | -2 491 710.58 |
| Unrealized appreciation (depreciation) on options | -16 416.47 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -154 802.96 |
| Total changes in unrealized appreciation (depreciation) | -2 662 930.01 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | -4 026 109.79 |

UBS (Lux) Strategy SICAV – Income Sustainable (CHF) Semi-Annual Report as of 30 November 2022
| Statement of Changes in Net Assets |  |
| --- | --- |
|  |  | CHF |
|  |  | 1.6.2022-30.11.2022 |
| Net assets at the beginning of the period |  | 81 255 164.74 |
| Subscriptions |  | 884 165.55 |
| Redemptions |  | 	-3 344 242.26	 |
| Total net subscriptions (redemptions) |  | -2 460 076.71 |
| Dividend paid |  | -41 409.21 |
| Net income (loss) on investments |  | -483 580.20 |
| Total realized gain (loss) |  | -879 599.58 |
| Total changes in unrealized appreciation (depreciation) |  | 	-2 662 930.01	 |
| Net increase (decrease) in net assets as a result of operations |  | -4 026 109.79 |
| Net assets at the end of the period |  | 74 727 569.03 |
| Changes in the Number of Shares outstanding |  |  |
|  |  | 1.6.2022-30.11.2022 |
| Class |  | P-acc |
| Number of shares outstanding at the beginning of the period |  | 602 707.3400 |
| Number of shares issued |  | 9 142.1460 |
| Number of shares redeemed |  | -22 540.6630 |
| Number of shares outstanding at the end of the period |  | 589 308.8230 |
| Class |  | P-dist |
| Number of shares outstanding at the beginning of the period |  | 196 818.5470 |
| Number of shares issued |  | 160.3230 |
| Number of shares redeemed |  | -9 581.0420 |
| Number of shares outstanding at the end of the period |  | 187 397.8280 |
| Class |  | Q-acc |
| Number of shares outstanding at the beginning of the period |  | 18 993.0150 |
| Number of shares issued |  | 0.0000 |
| Number of shares redeemed |  | -2 950.0000 |
| Number of shares outstanding at the end of the period |  | 16 043.0150 |
| Class |  | Q-dist |
| Number of shares outstanding at the beginning of the period |  | 16 366.8630 |
| Number of shares issued |  | 0.0000 |
| Number of shares redeemed |  | -941.6290 |
| Number of shares outstanding at the end of the period |  | 15 425.2340 |
| Annual Distribution 1 |  |  |
| UBS (Lux) Strategy SICAV – Income Sustainable (CHF)	Ex-Date | Pay-Date | Currency	Amount per share |
| P-dist	1.8.2022 | 4.8.2022 | CHF	0.17 |
| Q-dist	1.8.2022 | 4.8.2022 | CHF	0.51 |
| 1  See note 5 |  |  |

UBS (Lux) Strategy SICAV – Income Sustainable (CHF) Semi-Annual Report as of 30 November 2022

## Statement of Investments in Securities and other Net Assets as of 30 November 2022
| Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Equities |  |  |  |
| Switzerland |  |  |  |
| CHF	ABB LTD CHF0.12 (REGD) | 8 033.00 | 235 848.88 | 0.32 |
| CHF	ALCON AG CHF0.04 | 102.00 | 6 534.12 | 0.01 |
| CHF	BELIMO HOLDING AG CHF0.05 | 15.00 | 6 442.50 | 0.01 |
| CHF	CLARIANT CHF4.00(REGD) | 1 704.00 | 25 900.80 | 0.03 |
| CHF	CREDIT SUISSE GRP CHF0.04(REGD) | 7 950.00 | 22 434.90 | 0.03 |
| CHF	GALENICA AG CHF0.1 | 360.00 | 26 064.00 | 0.04 |
| CHF	GEBERIT CHF0.10(REGD) | 159.00 | 71 041.20 | 0.10 |
| CHF	GIVAUDAN AG CHF10 | 45.00 | 142 470.00 | 0.19 |
| CHF	HOLCIM LTD CHF2 (REGD) | 591.00 | 28 817.16 | 0.04 |
| CHF	JULIUS BAER GRUPPE CHF0.02 (REGD) | 863.00 | 46 463.92 | 0.06 |
| CHF	KUEHNE&NAGEL INTL CHF1(REGD)(POST-SUBD) | 552.00 | 126 187.20 | 0.17 |
| CHF	LANDIS & GYR GROUP CHF10 (REGD) | 129.00 | 8 449.50 | 0.01 |
| CHF	LINDT & SPRUENGLI PTG CERT CHF10 | 4.00 | 39 680.00 | 0.05 |
| CHF	LOGITECH INTL CHF0.25(REGD) (POST-SUBD) | 1 669.00 | 93 230.34 | 0.12 |
| CHF	LONZA GROUP AG CHF1(REGD) | 280.00 | 137 256.00 | 0.18 |
| CHF	NESTLE SA CHF0.10(REGD) | 10 868.00 | 1 220 911.12 | 1.63 |
| CHF	NOVARTIS AG CHF0.50(REGD) | 8 384.00 | 701 321.60 | 0.94 |
| CHF	RICHEMONT(CIE FIN) CHF1.00 (REG) SER ‘A’ | 2 476.00 | 307 147.80 | 0.41 |
| CHF	ROCHE HLDGS AG CHF1(BR) | 100.00 | 37 840.00 | 0.05 |
| CHF	ROCHE HLDGS AG GENUSSCHEINE NPV | 2 359.00 | 726 100.20 | 0.97 |
| CHF	SCHINDLER-HLDG AG CHF0.1(REGD)(POST-SUBD) | 94.00 | 15 867.20 | 0.02 |
| CHF	SENSIRION AG NPV | 77.00 | 7 869.40 | 0.01 |
| CHF	SGS LTD CHF1(REGD) | 54.00 | 118 800.00 | 0.16 |
| CHF	SIG COMBIBLOC GROU CHF0.1 | 979.00 | 20 265.30 | 0.03 |
| CHF	SIKA AG CHF0.01 (REG) | 96.00 | 22 752.00 | 0.03 |
| CHF	SONOVA HOLDING AG CHF0.05 (REGD) | 346.00 | 83 732.00 | 0.11 |
| CHF	STRAUMANN HLDG CHF0.01 (REGD) (POST SPLIT) | 429.00 | 46 160.40 | 0.06 |
| CHF	SWISS RE AG CHF0.10 | 2 030.00 | 170 966.60 | 0.23 |
| CHF	SWISSCOM AG CHF1(REGD) | 200.00 | 101 640.00 | 0.14 |
| CHF	TEMENOS AG CHF5 (REGD) | 365.00 | 20 826.90 | 0.03 |
| CHF	UBS GROUP CHF0.10 (REGD) | 19 423.00 | 334 561.18 | 0.45 |
| CHF	VAT GROUP AG CHF0.10 | 101.00 | 26 138.80 | 0.04 |
| CHF	ZURICH INSURANCE GRP CHF0.10 | 813.00 | 368 207.70 | 0.49 |
| Total Switzerland |  | 5 347 928.72 | 7.16 |
| Total Equities |  | 5 347 928.72 | 7.16 |
| Rights |  |  |  |
| Switzerland |  |  |  |
| CHF	CREDIT SUISSE GROUP AG RIGHTS 08.12.22 | 7 950.00 | 699.60 | 0.00 |
| Total Switzerland | 699.60 | 0.00 |
| Total Rights | 699.60 | 0.00 |
| Total Transferable securities and money market instruments listed on an official stock exchange | 5 348 628.32 | 7.16 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |  |
| Investment funds, open end |  |  |
| Ireland |  |  |
| USD	FEDERATED HERMES SDG ENGAGEMENT HIGH-M- USD	812 960.00 | 1 492 863.12 | 2.00 |
| CHF	RECORD UCITS ICAV - RECORD EM SUSTAINABLE FINANCE FUND-A- HF	23 912.00 | 2 251 692.61 | 3.01 |
| CHF	UBS IRL ETF PIC-MSCI ACWI ESG UNIVERSAL UCITS ETF A-DIST	66 172.00 | 827 017.66 | 1.11 |
| USD	UBS IRL ETF PLC - GLOBAL GENDER EQUALITY UCITS ETF-A	199 231.00 | 3 043 531.15 | 4.07 |
| Total Ireland | 7 615 104.54 | 10.19 |
| Luxembourg |  |  |
| USD	FOCUSED SICAV - WORLD BANK LONG TERM BOND USD U-X-ACC	1 451.00 | 12 059 040.13 | 16.14 |
| USD	FOCUSED SICAV - WORLD BANK BOND USD U-X-ACC	896.00 | 8 025 534.29 | 10.74 |
| USD	UBS (LUX) BD SICAV-USD INVES GRA CORPOR SUSTAI (USD) U-X-ACC	1 200.00 | 12 704 132.37 | 17.00 |
| EUR	UBS (LUX) BOND SICAV - EUR CORP SUSTAINABLE (EUR) U-X-ACC	483.00 | 5 286 011.58 | 7.07 |
| EUR	UBS (LUX) BOND SICAV - GREEN SOC SUSTAINABLE BD(EUR)U-X-ACC	1 339.50 | 11 174 363.76 | 14.95 |
| USD	UBS (LUX) EQUITY FUND-GLBAL SUSTAINABLE IMPRO (USD) U-X-ACC	154.00 | 1 227 993.53 | 1.64 |
| USD	UBS (LUX) EQUITY SICAV - GL HI DIV (USD)-I-X-ACC	2 281.00 | 557 475.10 | 0.75 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL OPPORTUNITY (USD) U-X-ACC	81.00 | 830 144.96 | 1.11 |
| USD	UBS (LUX) EQUITY SICAV - ACTIVE CLIMATE AWARE (USD) I-X-ACC	5 556.00 | 679 682.70 | 0.91 |
| USD	UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) U-X-ACC	81.00 | 683 253.57 | 0.92 |
| USD	UBS (LUX) EQUITY SICAV - ENGAGE FOR IMPACT (USD) U-X-ACC	260.00 | 2 023 222.17 | 2.71 |
| USD	UBS (LUX) FD SOL - SUS DEVELOP BANK BDS UCITS-ETF-A-A	286 381.00 | 2 969 693.93 | 3.97 |
| CHF	UBS (LUX) MONEY MARKET FUND - CHF SUSTAINABLE U-X-ACC	101.00 | 955 657.96 | 1.28 |
| Total Luxembourg | 59 176 206.05 | 79.19 |
| Total Investment funds, open end | 66 791 310.59 | 89.38 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 66 791 310.59 | 89.38 |

UBS (Lux) Strategy SICAV – Income Sustainable (CHF) Semi-Annual Report as of 30 November 2022
| Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Derivative instruments listed on an official stock exchange Options on indices, classic-styled |  |  |  |
| USD |  |  |  |
| USD	S&P 500 INDEX PUT 3500.00000 16.12.22 | 4.00 | 575.46 | 0.00 |
| USD	S&P 500 INDEX PUT 2800.00000 16.12.22 | 4.00 | 57.17 | 0.00 |
| USD	S&P 500 INDEX PUT 3150.00000 16.12.22 | -8.00 | -304.88 | 0.00 |
| Total USD |  | 327.75 | 0.00 |
| Total Options on indices, classic-styled |  | 327.75 | 0.00 |
| Total Derivative instruments listed on an official stock exchange |  | 327.75 | 0.00 |
| Total investments in securities |  | 72 140 266.66 | 96.54 |
| Forward Foreign Exchange contracts Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| CHF | 9 183 055.75 | EUR | 9 502 134.58 | 12.1.2023 | -119 554.69 | -0.16 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 190 800.01 | CAD | 266 938.17 | 12.1.2023 | 4 116.28 | 0.00 |
| CHF | 106 776.95 | AUD | 172 114.01 | 12.1.2023 | -2 633.35 | 0.00 |
| CHF | 123 208.70 | NOK | 1 339 397.44 | 12.1.2023 | -4 238.57 | -0.02 |
| CHF | 38 894.12 | NZD | 70 500.00 | 12.1.2023 | -2 617.50 | 0.00 |
| CHF | 70 830.06 | SGD | 103 000.00 | 12.1.2023 | -402.55 | 0.00 |
| CHF | 49 379.79 | DKK | 380 000.00 | 12.1.2023 | -646.38 | 0.00 |
| CHF | 5 672.28 | HKD | 45 000.00 | 12.1.2023 | 212.45 | 0.00 |
| CHF | 334 023.91 | GBP | 305 010.24 | 12.1.2023 | -10 637.21 | -0.01 |
| CHF | 175 394.42 | JPY | 25 574 365.00 | 12.1.2023 | 741.52 | 0.00 |
| CHF | 37 492.29 | SEK | 426 840.78 | 12.1.2023 | -549.52 | 0.00 |
| CHF | 23 514 497.50 | USD | 23 833 146.67 | 12.1.2023 | 935 169.94 | 1.25 |
| AUD | 1 158 983.58 | NZD | 1 288 500.00 | 12.1.2023 | -22 052.66 | -0.03 |
| GBP | 32 000.00 | CHF | 35 909.66 | 12.1.2023 | 250.29 | 0.00 |
| USD | 551 000.00 | CHF | 547 871.97 | 12.1.2023 | -25 859.09 | -0.03 |
| EUR | 247 000.00 | CHF | 242 179.05 | 12.1.2023 | -365.51 | 0.00 |
| USD | 800 000.00 | CHF | 793 182.40 | 12.1.2023 | -35 268.97 | -0.05 |
| CHF | 9 450 905.50 | EUR | 9 676 481.71 | 16.2.2023 | -8 975.70 | -0.01 |
| AUD | 680 426.21 | CHF | 429 382.96 | 16.2.2023 | 2 132.04 | 0.00 |
| CHF | 51 156.12 | DKK | 390 000.00 | 16.2.2023 | -133.17 | 0.00 |
| CHF | 20 678 451.71 | USD | 22 256 911.90 | 16.2.2023 | -327 432.10 | -0.44 |
| CHF | 128 394.91 | CAD | 182 842.21 | 16.2.2023 | 947.54 | 0.00 |
| CHF | 6 537.75 | HKD | 55 000.00 | 16.2.2023 | -110.73 | 0.00 |
| CHF | 127 708.81 | NOK | 1 363 648.73 | 16.2.2023 | -1 714.84 | 0.00 |
| CHF | 172 778.23 | JPY | 25 616 658.00 | 16.2.2023 | -2 281.49 | 0.00 |
| CHF | 42 409.48 | SEK | 472 473.77 | 16.2.2023 | 376.55 | 0.00 |
| SGD | 67 000.00 | CHF | 45 567.20 | 16.2.2023 | 616.06 | 0.00 |
| CHF | 289 911.51 | GBP | 261 412.76 | 16.2.2023 | -4 608.11 | -0.01 |
| CHF | 774 824.86 | NZD | 1 349 000.00 | 16.2.2023 | -16 846.22 | -0.02 |
| CHF | 881 633.81 | USD | 933 500.00 | 12.1.2023 | -2 756.43 | 0.00 |
| CHF | 167 609.68 | EUR | 170 500.00 | 12.1.2023 | 689.81 | 0.00 |
| CHF | 878 176.12 | USD | 933 500.00 | 16.2.2023 | -2 853.23 | 0.00 |
| CHF | 167 370.81 | EUR | 170 500.00 | 16.2.2023 | 687.32 | 0.00 |
| NZD | 635 000.00 | AUD | 587 223.50 | 16.2.2023 | 249.42 | 0.00 |
| NZD | 636 000.00 | AUD | 588 643.62 | 12.1.2023 | 297.47 | 0.00 |
| CHF | 351 960.47 | AUD | 555 000.00 | 16.2.2023 | -11.31 | 0.00 |
| CHF | 352 805.73 | AUD | 555 000.00 | 12.1.2023 | 0.52 | 0.00 |
| NZD | 700 000.00 | CHF | 410 859.40 | 16.2.2023 | -58.99 | 0.00 |
| NZD | 700 000.00 | CHF | 412 238.40 | 12.1.2023 | -66.31 | 0.00 |
| Total Forward Foreign Exchange contracts | 353 812.58 | 0.47 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 2 241 170.86 | 3.00 |
| Bank overdraft and other short-term liabilities | -1.76 | 0.00 |
| Other assets and liabilities | -7 679.31 | -0.01 |
| Total net assets | 74 727 569.03 | 100.00 |

UBS (Lux) Strategy SICAV – Income Sustainable (CHF) Semi-Annual Report as of 30 November 2022

Translation (ENFR, 2022-11-30):
# UBS (Lux) Strategy SICAV
– Fixed Income Sustainable (EUR)
| Données principales |  |
| --- | --- |
|  | ISIN | 30.11.2022 | 31.5.2022 | 31.5.2021 |
| Actif net en EUR |  | 33 249 057.54 | 36 646 343.84 | 46 565 668.42 |
| Catégorie P-acc | LU0042744747 |  |  |  |
| Actions en circulation |  | 154 414.2580 | 163 009.2580 | 188 335.1020 |
| Valeur nette d’inventaire par action en EUR |  | 196.82 | 206.19 | 225.17 |
| Prix d’émission et de rachat par action en EUR 1 |  | 196.82 | 206.19 | 225.17 |
| Catégorie Q-acc | LU0943062561 |  |  |  |
| Actions en circulation |  | 29 654.3730 | 30 131.4780 | 37 961.7510 |
| Valeur nette d’inventaire par action en EUR |  | 96.36 | 100.73 | 109.54 |
| Prix d’émission et de rachat par action en EUR 1 |  | 96.36 | 100.73 | 109.54 |
| 1  Voir note 1 |  |  |  |  |


## Structure du portefeuille-titres
Répartition géographique en % de l’actif net	
| Luxembourg | 58.69 |
| --- | --- |
| Irlande | 12.14 |
| Supranational | 10.83 |
| Etats-Unis | 10.31 |
| Philippines | 4.44 |
| Grande-Bretagne | 1.33 |
| Côte d’Ivoire | 0.78 |
| Total | 98.52 |

Répartition économique en % de l’actif net	
Fonds de placement	70.83
Organisations supranationales	27.69
UBS (Lux) Strategy SICAV – Fixed Income Sustainable (EUR) Rapport semestriel au 30 novembre 2022

## Etat des actifs nets
Actif	30.11.2022
EUR
Portefeuille-titres, cours d’achat	33 660 287.97
| Portefeuille-titres, plus- (moins-) value non-réalisée | 	-902 906.37	 |
| --- | --- |
| Total portefeuille-titres (note 1) | 32 757 381.60 |
| Avoirs en banque, dépôts à vue et à terme | 370 574.53 |
| Intérêts à recevoir sur titres | 36 525.89 |
| Intérêts à recevoir sur liquidités | 5.69 |
| Frais payés d’avance | 56 855.93 |
| Bénéfice non réalisé sur contrats de change à terme (note 1) | 342 791.16 |
| Total Actif | 33 564 134.80 |
|  |  |
| Passif |  |
| Crédit en compte courant | -0.61 |
| A payer sur achats de titres (note 1) | -260 863.45 |
| A payer sur rachats | -19 642.00 |
| Provisions pour commission de gestion forfaitaire (note 2) | -28 392.04 |
| Provisions pour taxe d’abonnement (note 3) | -1 112.59 |
| Provisions pour autres commissions et frais (note 2) | 	-5 066.57	 |
| Total des Provisions pour frais | -34 571.20 |
| Total Passif | -315 077.26 |
|  |  |
| Actifs nets à la fin de la période | 33 249 057.54 |
| Etat des opérations | EUR |
| Revenus | 1.6.2022-30.11.2022 |
| Revenus d’intérêts sur liquidités | 5 055.68 |
| Intérêts sur titres | 64 214.37 |
| Revenus nets sur prêts de titres (note 10) | 1 973.81 |
| Autres revenus (note 4) | 1 311.20 |
| Total des Revenus | 72 555.06 |
|  |  |
| Charges |  |
| Commission de gestion forfaitaire (note 2) | -181 052.06 |
| Taxe d’abonnement (note 3) | -3 446.87 |
| Autres commissions et frais (note 2) | -5 002.90 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -4.36 |
| Total des Charges | -189 506.19 |
|  |  |
| Revenus (Pertes) net(te)s des investissements | -116 951.13 |
|  |  |
| Bénéfices (pertes) réalisé(e)s (note 1) |  |
| Bénéfice (perte) réalisé(e) sur titres évalués à la valeur de marché hors options | 212 402.68 |
| Bénéfice (perte) réalisé(e) sur contrats de change à terme | -1 352 269.08 |
| Bénéfice (perte) réalisé(e) de change réalisé(e) | -31 954.66 |
| Total des Bénéfices (pertes) réalisé(e)s | -1 171 821.06 |
|  |  |
| Bénéfice (perte) net(te) réalisé(e) au cours de la période | -1 288 772.19 |
|  |  |
| Variations des plus- (moins-) values non-réalisées (note 1) |  |
| Plus- (Moins-) value non réalisée sur titres évalués à la valeur de marché hors options | -673 359.99 |
| Plus- (Moins-) value non réalisée sur contrats de change à terme | 310 655.44 |
| Total des Variations des plus- (moins-) values non-réalisées | -362 704.55 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | -1 651 476.74 |

UBS (Lux) Strategy SICAV – Fixed Income Sustainable (EUR)
Rapport semestriel au 30 novembre 2022
| Variations de l’actif net |  |
| --- | --- |
|  | EUR |
|  | 1.6.2022-30.11.2022 |
| Actif net au début de la période | 36 646 343.84 |
| Souscriptions | 462.31 |
| Rachats | 	-1 746 271.87	 |
| Souscriptions (Rachats) net(te)s | -1 745 809.56 |
| Revenus (Pertes) net(te)s des investissements | -116 951.13 |
| Total des Bénéfices (pertes) réalisé(e)s | -1 171 821.06 |
| Total des Variations des plus- (moins-) values non-réalisées | 	-362 704.55	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | -1 651 476.74 |
| Actifs nets à la fin de la période | 33 249 057.54 |
| Evolution des actions en circulation |  |
|  | 1.6.2022-30.11.2022 |
| Catégorie | P-acc |
| Nombre d’actions en circulation au début de la période | 163 009.2580 |
| Nombre d’actions émises | 2.3080 |
| Nombre d’actions rachetées | -8 597.3080 |
| Nombre d’actions en circulation à la fin de la période | 154 414.2580 |
| Catégorie | Q-acc |
| Nombre d’actions en circulation au début de la période | 30 131.4780 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -477.1050 |
| Nombre d’actions en circulation à la fin de la période | 29 654.3730 |

UBS (Lux) Strategy SICAV – Fixed Income Sustainable (EUR) Rapport semestriel au 30 novembre 2022

## Etat du portefeuille-titres et autres actifs nets au 30 novembre 2022
| Dénomination | Nombre/ | Evaluation en EUR | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l'actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
| Titres et instruments du marché monétaire négociés sur une bourse officielle |  |  |  |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AFRICAN DEVELOPMENT BANK 0.87500% 21-23.03.26 | 200 000.00 | 174 109.55 | 0.52 |
| USD	ASIAN DEVELOPMENT BANK 2.62500% 19-30.01.24 | 250 000.00 | 237 333.43 | 0.71 |
| USD	EUROPEAN BANK FOR RECONSTR & DEVT 0.50000% 20-19.05.25 | 200 000.00 | 177 293.14 | 0.53 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.37500% 17-07.07.27 | 150 000.00 | 135 763.96 | 0.41 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.62500% 19-16.01.24 | 350 000.00 | 332 643.62 | 1.00 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.00000% 19-23.07.26 | 100 000.00 | 90 217.59 | 0.27 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 0.25000% 20-15.11.23 | 150 000.00 | 139 265.36 | 0.42 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 0.50000% 21-23.09.24 | 275 000.00 | 248 713.88 | 0.75 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 1.50000% 22-13.01.27 | 200 000.00 | 175 832.24 | 0.53 |
| USD	INTERNATIONAL BANK FOR REC & DEV 2.25000% 22-28.03.24 | 75 000.00 | 70 633.63 | 0.21 |
| USD	INTERNATIONAL BK FOR RECONST & DEV 0.87500% 21-15.07.26 | 100 000.00 | 86 560.85 | 0.26 |
| USD	INTERNATIONAL DEVELOPMENT ASSOC-REG-S 0.75000% 20-10.06.27 | 50 000.00 | 41 621.50 | 0.13 |
| USD	INTERNATIONAL DEVELOPMENT ASSOC-REG-S 0.37500% 20-23.09.25 | 50 000.00 | 43 603.60 | 0.13 |
| USD	INTERNATIONAL DEVELOPMENT ASSOC-REG-S 0.87500% 21-28.04.26 | 175 000.00 | 152 711.03 | 0.46 |
| USD	INTL BANK FOR RECONSTRUCTION & DEVT 0.25000% 20-24.11.23 | 125 000.00 | 116 291.96 | 0.35 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 1.50000% 19-28.08.24 | 250 000.00 | 230 595.05 | 0.69 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 19-19.03.24 | 275 000.00 | 259 917.93 | 0.78 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 1.62500% 20-15.01.25 | 175 000.00 | 160 899.42 | 0.49 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.50000% 20-28.10.25 | 300 000.00 | 262 173.87 | 0.79 |
| Total USD |  | 3 136 181.61 | 9.43 |
| Total des Billets, taux fixe |  | 3 136 181.61 | 9.43 |
| Medium-Term Notes, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AFRICAN DEVELOPMENT BANK 0.87500% 21-22.07.26 | 100 000.00 | 85 577.24 | 0.26 |
| USD	AFRICAN DEVELOPMENT BANK 3.37500% 22-07.07.25 | 100 000.00 | 94 890.53 | 0.29 |
| USD	AFRICAN DEVELOPMENT BANK 4.37500% 22-03.11.27 | 75 000.00 | 73 890.43 | 0.22 |
| USD	ASIAN DEVELOPMENT BANK 2.00000% 15-22.01.25 | 175 000.00 | 161 869.73 | 0.49 |
| USD	ASIAN DEVELOPMENT BANK 2.00000% 16-24.04.26 | 75 000.00 | 67 818.68 | 0.20 |
| USD	ASIAN DEVELOPMENT BANK 1.75000% 16-14.08.26 | 50 000.00 | 44 305.77 | 0.13 |
| USD	ASIAN DEVELOPMENT BANK 1.50000% 19-18.10.24 | 100 000.00 | 91 897.48 | 0.28 |
| USD	ASIAN DEVELOPMENT BANK 0.37500% 20-03.09.25 | 150 000.00 | 130 782.64 | 0.39 |
| USD	ASIAN DEVELOPMENT BANK 0.50000% 21-04.02.26 | 325 000.00 | 280 990.83 | 0.84 |
| USD	ASIAN DEVELOPMENT BANK 1.00000% 21-14.04.26 | 300 000.00 | 262 857.29 | 0.79 |
| USD	ASIAN DEVELOPMENT BANK 0.37500% 21-11.06.24 | 300 000.00 | 273 561.89 | 0.82 |
| USD	ASIAN DEVELOPMENT BANK 0.62500% 21-08.10.24 | 150 000.00 | 135 807.80 | 0.41 |
| USD	ASIAN DEVELOPMENT BANK 1.5000% 22-20.01.27 | 150 000.00 | 131 880.83 | 0.40 |
| USD	ASIAN DEVELOPMENT BANK 1.62500% 22-15.03.24 | 150 000.00 | 140 271.45 | 0.42 |
| USD	ASIAN DEVELOPMENT BANK 2.87500% 22-06.05.25 | 200 000.00 | 188 140.25 | 0.57 |
| USD	ASIAN DEVELOPMENT BANK 3.12500% 22-20.08.27 | 450 000.00 | 420 911.61 | 1.27 |
| USD	ASIAN DEVELOPMENT BANK 4.12500% 22-27.09.24 | 75 000.00 | 72 300.29 | 0.22 |
| USD	EUROPEAN BANK FOR RECONSTR & DEVT 0.50000% 20-25.11.25 | 225 000.00 | 195 225.75 | 0.59 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.00000% 16-02.06.26 | 100 000.00 | 90 408.73 | 0.27 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 1.75000% 20-14.03.25 | 175 000.00 | 160 678.86 | 0.48 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 0.87500% 20-03.04.25 | 175 000.00 | 157 301.25 | 0.47 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 0.87500% 21-20.04.26 | 150 000.00 | 130 800.87 | 0.39 |
| USD	INTERNATIONAL FINANCE CORP 0.37500% 20-16.07.25 | 175 000.00 | 153 995.44 | 0.46 |
| USD	INTERNATIONAL FINANCE CORP 0.75000% 21-08.10.26 | 200 000.00 | 170 806.87 | 0.51 |
| USD	INTERNATIONAL FINANCE CORP 3.62500% 22-15.09.25 | 75 000.00 | 71 694.10 | 0.22 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 1.87500% 16-27.10.26 | 100 000.00 | 89 220.00 | 0.27 |
| Total USD |  | 3 877 886.61 | 11.66 |
| Total des Medium-Term Notes, taux fixe |  | 3 877 886.61 | 11.66 |
| Obligations, taux fixe |  |  |  |
| USD |  |  |  |
| USD	ASIAN DEVELOPMENT BANK 0.62500% 20-29.04.25 | 100 000.00 | 89 060.40 | 0.27 |
| USD	EUROPEAN BANK FOR RECONSTR & DEVT 1.62500% 19-27.09.24 | 75 000.00 | 69 172.97 | 0.21 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.12500% 15-15.01.25 | 225 000.00 | 208 873.46 | 0.63 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 0.62500% 20-15.07.25 | 300 000.00 | 265 518.55 | 0.80 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 0.62500% 20-16.09.27 | 50 000.00 | 41 496.05 | 0.12 |
| USD	INTERNATIONAL BANK RECONSTRUCTION & DLP 3.12500% 22-15.06.27 | 250 000.00 | 234 555.43 | 0.71 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 14-25.11.24 | 200 000.00 | 187 046.26 | 0.56 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 15-29.07.25 | 200 000.00 | 185 955.52 | 0.56 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.75000% 20-11.03.25 | 275 000.00 | 246 966.31 | 0.74 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.62500% 20-22.04.25 | 450 000.00 | 401 373.56 | 1.21 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.37500% 20-28.07.25 | 300 000.00 | 263 499.86 | 0.79 |
| Total USD |  | 2 193 518.37 | 6.60 |
| Total des Obligations, taux fixe |  | 2 193 518.37 | 6.60 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 9 207 586.59 | 27.69 |

UBS (Lux) Strategy SICAV – Fixed Income Sustainable (EUR)
Rapport semestriel au 30 novembre 2022
| Dénomination | Nombre/ | Evaluation en EUR | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l'actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |

OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée
Fonds d’investissement, ouvert
| Irlande |  |
| --- | --- |
| USD | FEDERATED HERMES SDG ENGAGEMENT HIGH-M- USD | 362 838.00 | 679 195.80 | 2.04 |
| EUR | RECORD UCITS ICAV - RECORD EM SUSTAINABLE FIN-A- HEDGED EUR | 10 510.00 | 992 575.96 | 2.99 |
| EUR | XTRACKERS (IE) PLC - XTRACKERS USD CORPORATE GRE EN-1C- EUR | 47 646.00 | 1 181 096.69 | 3.55 |
| EUR | XTRACKERS USD CORPORATE GREEN BOND-ACCUM SHS-1C-HEDGED EUR | 53 056.00 | 1 184 422.14 | 3.56 |
| Total Irlande |  | 4 037 290.59 | 12.14 |
| Luxembourg |  |  |  |
| USD	FOCUSED FUND - CORPORATE BOND SUSTAINABLE USD U-X-ACC | 56.50 | 498 436.29 | 1.50 |
| USD	FOCUSED SICAV - US CORPORATE BOND SUSTAINABLE USD U-X-ACC | 57.00 | 498 956.63 | 1.50 |
| USD	UBS (LUX) BD SICAV-USD INVES GRA CORPOR SUSTAI (USD) U-X-ACC | 558.45 | 6 026 666.30 | 18.13 |
| EUR	UBS (LUX) BOND SICAV - EUR CORP SUSTAINABLE (EUR) U-X-ACC | 511.50 | 5 706 345.15 | 17.16 |
| EUR	UBS (LUX) BOND SICAV - GREEN SOC SUSTAINABLE BD(EUR)U-X-ACC | 706.00 | 6 003 661.62 | 18.06 |
| EUR	UBS (LUX) MONEY MARKET FUND - EUR SUSTAINABLE U-X-ACC | 77.00 | 778 438.43 | 2.34 |
| Total Luxembourg |  | 19 512 504.42 | 58.69 |
| Total des Fonds d’investissement, ouvert |  | 23 549 795.01 | 70.83 |
| Total des OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée |  | 23 549 795.01 | 70.83 |
| Total du Portefeuille-titres |  | 32 757 381.60 | 98.52 |
| Contrats de change à terme |  |  |  |
| Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |  |

| USD | 170 000.00 | EUR | 173 848.66 | 12.1.2023 | -9 337.44 | -0.03 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 338 000.00 | EUR | 349 743.37 | 12.1.2023 | -4 494.19 | -0.01 |
| GBP | 10 088.93 | EUR | 11 430.28 | 12.1.2023 | 214.73 | 0.00 |
| NZD | 500.00 | EUR | 285.42 | 12.1.2023 | 15.30 | 0.00 |
| EUR | 4 815.59 | JPY | 678 594.00 | 12.1.2023 | 81.93 | 0.00 |
| EUR | 9 498 166.52 | USD | 9 291 888.19 | 12.1.2023 | 506 284.82 | 1.52 |
| USD | 175 000.00 | EUR | 177 590.80 | 12.1.2023 | -8 241.01 | -0.03 |
| AUD | 517 202.61 | NZD | 575 000.00 | 12.1.2023 | -10 031.73 | -0.03 |
| USD | 153 000.00 | EUR | 155 167.54 | 12.1.2023 | -7 107.44 | -0.02 |
| USD | 180 000.00 | EUR | 175 114.53 | 12.1.2023 | -926.18 | 0.00 |
| EUR | 8 255 210.93 | USD | 8 669 199.03 | 16.2.2023 | -114 059.40 | -0.35 |
| AUD | 518 732.78 | EUR | 335 688.06 | 16.2.2023 | 816.27 | 0.00 |
| EUR | 14 759.83 | CAD | 20 500.00 | 16.2.2023 | 143.42 | 0.00 |
| CHF | 337 000.00 | EUR | 345 599.55 | 16.2.2023 | -883.71 | 0.00 |
| NOK | 1 000.00 | EUR | 96.12 | 16.2.2023 | 0.96 | 0.00 |
| EUR | 13 612.35 | GBP | 11 974.75 | 16.2.2023 | -187.88 | 0.00 |
| EUR | 338 279.60 | NZD | 574 500.00 | 16.2.2023 | -6 590.29 | -0.02 |
| EUR | 4 290.79 | JPY | 620 333.00 | 16.2.2023 | -45.51 | 0.00 |
| EUR | 207 937.46 | USD | 217 000.00 | 16.2.2023 | -1 554.98 | 0.00 |
| EUR | 208 463.82 | USD | 217 000.00 | 12.1.2023 | -1 529.92 | 0.00 |
| EUR | 77 561.24 | USD | 80 000.00 | 12.1.2023 | 144.19 | 0.00 |
| EUR | 77 366.00 | USD | 80 000.00 | 16.2.2023 | 133.76 | 0.00 |
| NZD | 278 000.00 | AUD | 257 512.56 | 12.1.2023 | -5.58 | 0.00 |
| NZD | 278 000.00 | AUD | 257 277.10 | 16.2.2023 | -14.49 | 0.00 |
| EUR | 171 893.42 | AUD | 265 000.00 | 16.2.2023 | -13.30 | 0.00 |
| NZD | 297 000.00 | EUR | 178 646.94 | 12.1.2023 | -17.16 | 0.00 |
| NZD | 297 000.00 | EUR | 178 291.43 | 16.2.2023 | -3.60 | 0.00 |
| EUR | 172 069.32 | AUD | 265 000.00 | 12.1.2023 | -0.41 | 0.00 |
| Total des Contrats de change à terme | 342 791.16 | 1.03 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 370 574.53 | 1.11 |
| Crédit en compte courant et autres engagements à court terme | -0.61 | 0.00 |
| Autres actifs et passifs | -221 689.14 | -0.66 |
| Total de l’Actif net | 33 249 057.54 | 100.00 |

UBS (Lux) Strategy SICAV – Fixed Income Sustainable (EUR) Rapport semestriel au 30 novembre 2022