# UBS (Lux) Strategy SICAV – Fixed Income (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Net assets in USD |  | 160 989 751.98 | 153 368 218.52 | 171 926 461.34 |
| Class K-1-acc | LU0937166048 |  |  |  |
| Shares outstanding |  | 0.5000 | 1.1000 | 1.5000 |
| Net asset value per share in USD |  | 5 685 415.32 | 5 543 780.65 | 5 289 971.51 |
| Issue and redemption price per share in USD 1 |  | 5 685 415.32 | 5 543 780.65 | 5 289 971.51 |
| Class P-acc | LU0042745397 |  |  |  |
| Shares outstanding |  | 369 527.9500 | 344 431.0760 | 394 876.3520 |
| Net asset value per share in USD |  | 244.88 | 239.06 | 228.65 |
| Issue and redemption price per share in USD 1 |  | 244.88 | 239.06 | 228.65 |
| Class (JPY hedged) P-acc | LU1203193534 |  |  |  |
| Shares outstanding |  | 675 913.4420 | 684 496.6580 | 795 500.2490 |
| Net asset value per share in JPY |  | 10 102 | 9 984 | 9 823 |
| Issue and redemption price per share in JPY 1 |  | 10 102 | 9 984 | 9 823 |
| Class Q-acc | LU1240800885 |  |  |  |
| Shares outstanding |  | 47 704.1560 | 18 344.1750 | 17 246.1750 |
| Net asset value per share in USD |  | 111.22 | 108.35 | 103.19 |
| Issue and redemption price per share in USD 1 |  | 111.22 | 108.35 | 103.19 |
| 1  See note 1 |  |  |  |  |

UBS (Lux) Strategy SICAV – Fixed Income (USD) Semi-Annual Report as of 30 November 2019

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| Luxembourg | 44.94 |
| --- | --- |
| United States | 30.67 |
| Canada | 4.17 |
| The Netherlands | 2.76 |
| Germany | 2.53 |
| South Korea | 2.22 |
| Supranationals | 2.20 |
| France | 1.24 |
| Australia | 1.20 |
| Kuwait | 1.07 |
| Philippines | 0.72 |
| Qatar | 0.72 |
| Sweden | 0.65 |
| Jersey | 0.62 |
| United Kingdom | 0.52 |
| Singapore | 0.52 |
| Japan | 0.43 |
| United Arab Emirates | 0.39 |
| New Zealand | 0.25 |
| Norway | 0.05 |
| Austria | 0.03 |
| Total | 97.90 |

Economic Breakdown as a % of net assets	
| Investment funds | 43.15 |
| --- | --- |
| Countries & central governments | 16.69 |
| Banks & credit institutions | 9.82 |
| Supranational organisations | 6.37 |
| Finance & holding companies | 6.29 |
| Cantons, federal states | 3.14 |
| Computer hardware & network equipment providers | 2.81 |
| Petroleum | 2.14 |
| Internet, software & IT services | 1.92 |
| Public, non-profit institutions | 1.52 |
| Miscellaneous services | 1.04 |
| Pharmaceuticals, cosmetics & medical products | 0.75 |
| Mortgage & funding institutions | 0.72 |
| Biotechnology | 0.69 |
| Retail trade, department stores | 0.34 |
| Miscellaneous consumer goods | 0.26 |
| Tobacco & alcohol | 0.25 |
| Total | 97.90 |


## Statement of Net Assets
Assets	30.11.2019
USD
Investments in securities, cost	149 983 061.54
| Investments in securities, unrealized appreciation (depreciation) | 	7 619 561.20	 |
| --- | --- |
| Total investments in securities (Note 1) | 157 602 622.74 |
| Cash at banks, deposits on demand and deposit accounts | 7 227 442.07 |
| Interest receivable on securities | 517 167.17 |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | -409 131.40 |
| Total Assets | 164 938 100.58 |
|  |  |
| Liabilities |  |
| Interest payable on bank overdraft | -166.53 |
| Payable on securities purchases (Note 1) | -3 875 933.43 |
| Provisions for flat fee (Note 2) | -63 120.29 |
| Provisions for taxe d’abonnement (Note 3) | -7 461.05 |
| Provisions for other commissions and fees (Note 2) | 	-1 667.30	 |
| Total provisions | -72 248.64 |
| Total Liabilities | -3 948 348.60 |
|  |  |
| Net assets at the end of the period | 160 989 751.98 |
| Statement of Operations | USD |
| Income | 1.6.2019-30.11.2019 |
| Interest on liquid assets | 8 418.46 |
| Interest on securities | 1 021 023.63 |
| Interest received on swaps (Note 1) | 30 490.27 |
| Dividends | 159 375.20 |
| Income on securities lending (Note 12) | 16 864.18 |
| Other income (Note 4) | 24 201.22 |
| Total income | 1 260 372.96 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -488.68 |
| Cost on securities lending (Note 12) | -6 745.67 |
| Flat fee (Note 2) | -814 437.60 |
| Taxe d’abonnement (Note 3) | -21 291.40 |
| Other commissions and fees (Note 2) | -15 771.35 |
| Interest on cash and bank overdraft | -358.92 |
| Total expenses | -859 093.62 |
|  |  |
| Net income (loss) on investments | 401 279.34 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 658 884.59 |
| Realized gain (loss) on financial futures | -7 989.81 |
| Realized gain (loss) on forward foreign exchange contracts | -264 271.48 |
| Realized gain (loss) on swaps | 120 904.11 |
| Realized gain (loss) on foreign exchange | 75 106.92 |
| Total realized gain (loss) | 582 634.33 |
|  |  |
| Net realized gain (loss) of the period | 983 913.67 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 2 830 733.84 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | 4 100.80 |
| Unrealized appreciation (depreciation) on financial futures | 8 714.06 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -1 307 794.25 |
| Unrealized appreciation (depreciation) on swaps | -73 938.36 |
| Total changes in unrealized appreciation (depreciation) | 1 461 816.09 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 2 445 729.76 |

UBS (Lux) Strategy SICAV – Fixed Income (USD) Semi-Annual Report as of 30 November 2019
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-30.11.2019 |
| Net assets at the beginning of the period | 153 368 218.52 |
| Subscriptions | 22 190 185.16 |
| Redemptions | 	-17 014 381.46	 |
| Total net subscriptions (redemptions) | 5 175 803.70 |
| Net income (loss) on investments | 401 279.34 |
| Total realized gain (loss) | 582 634.33 |
| Total changes in unrealized appreciation (depreciation) | 	1 461 816.09	 |
| Net increase (decrease) in net assets as a result of operations | 2 445 729.76 |
| Net assets at the end of the period | 160 989 751.98 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2019-30.11.2019 |
| Class | K-1-acc |
| Number of shares outstanding at the beginning of the period | 1.1000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -0.6000 |
| Number of shares outstanding at the end of the period | 0.5000 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 344 431.0760 |
| Number of shares issued | 39 460.8760 |
| Number of shares redeemed | -14 364.0020 |
| Number of shares outstanding at the end of the period | 369 527.9500 |
| Class | (JPY hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 684 496.6580 |
| Number of shares issued | 98 784.9450 |
| Number of shares redeemed | -107 368.1610 |
| Number of shares outstanding at the end of the period | 675 913.4420 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 18 344.1750 |
| Number of shares issued | 30 696.7470 |
| Number of shares redeemed | -1 336.7660 |
| Number of shares outstanding at the end of the period | 47 704.1560 |

UBS (Lux) Strategy SICAV – Fixed Income (USD) Semi-Annual Report as of 30 November 2019

## Statement of Investments in Securities and other Net Assets as of 30 November 2019
| Description | Quantity/ | Valuation in USD | 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 |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ABU DHABI,GOVERNMENT OF-REG-S 3.12500% 17-11.10.27 | 600 000.00 | 627 750.00 | 0.39 |
| USD	ALPHABET INC 1.99800% 16-15.08.26 | 650 000.00 | 648 074.26 | 0.40 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 430 000.00 | 446 624.88 | 0.28 |
| USD	APPLE INC 2.25000% 16-23.02.21 | 675 000.00 | 678 427.31 | 0.42 |
| USD	APPLE INC 2.40000% 13-03.05.23 | 400 000.00 | 406 100.24 | 0.25 |
| USD	APPLE INC 2.45000% 16-04.08.26 | 500 000.00 | 507 752.40 | 0.32 |
| USD	APPLE INC 2.90000% 17-12.09.27 | 1 125 000.00 | 1 173 679.08 | 0.73 |
| USD	APPLE INC 3.45000% 14-06.05.24 | 1 200 000.00 | 1 274 264.40 | 0.79 |
| USD	BAYER US FINANCE II LLC-REG-S 3.87500% 18-15.12.23 | 400 000.00 | 419 684.12 | 0.26 |
| USD	BERKSHIRE HATHAWAY INC 2.75000% 16-15.03.23 | 700 000.00 | 718 856.04 | 0.45 |
| USD	CHEVRON CORP 2.95400% 16-16.05.26 | 1 200 000.00 | 1 261 887.96 | 0.78 |
| USD	EQUINOR ASA 3.62500% 18-10.09.28 | 80 000.00 | 88 117.31 | 0.05 |
| USD	EUROPEAN INVESTMENT BANK 2.00000% 16-15.03.21 | 1 250 000.00 | 1 254 088.50 | 0.78 |
| USD	EUROPEAN INVESTMENT BANK 2.37500% 17-24.05.27 | 300 000.00 | 312 080.97 | 0.19 |
| USD	EUROPEAN INVESTMENT BANK 2.62500% 19-20.05.22 | 800 000.00 | 818 355.52 | 0.51 |
| USD	EXXON MOBIL CORP 2.72600% 16-01.03.23 | 1 000 000.00 | 1 025 295.00 | 0.64 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.25000% 19-18.06.29 | 200 000.00 | 206 700.54 | 0.13 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 2.85000% 19-13.05.22 | 475 000.00 | 484 085.18 | 0.30 |
| USD	JOHNSON & JOHNSON 3.37500% 13-05.12.23 | 550 000.00 | 583 817.13 | 0.36 |
| USD	KOREA DEVELOPMENT BANK 4.62500% 11-16.11.21 | 1 000 000.00 | 1 050 312.50 | 0.65 |
| USD	KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 3.12500% 17-25.07.27 | 800 000.00 | 832 500.00 | 0.52 |
| USD	KOREA RESOURCES CORP-REG-S 3.00000% 17-24.04.22 | 400 000.00 | 404 625.00 | 0.25 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.12500% 13-17.01.23 | 1 270 000.00 | 1 287 505.55 | 0.80 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 1.62500% 16-15.03.21 | 1 550 000.00 | 1 548 309.99 | 0.96 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.87500% 18-03.04.28 | 150 000.00 | 162 309.69 | 0.10 |
| USD	KUWAIT INTERNATIONAL GOVT BOND-REG-S 3.50000% 17-20.03.27 | 1 600 000.00 | 1 716 500.00 | 1.07 |
| USD	LANDWIRTSCHAFTLICHE RENTENBANK 2.00000% 15-13.01.25 | 850 000.00 | 861 019.83 | 0.54 |
| USD	MICROSOFT CORP 3.30000% 17-06.02.27 | 950 000.00 | 1 022 994.48 | 0.64 |
| USD	NOVARTIS CAPITAL CORP 3.10000% 17-17.05.27 | 475 000.00 | 502 368.79 | 0.31 |
| USD	ONTARIO, PROVINCE OF 2.00000% 19-02.10.29 | 175 000.00 | 173 637.28 | 0.11 |
| USD	PROCTER & GAMBLE CO 1.85000% 16-02.02.21 | 425 000.00 | 425 394.91 | 0.26 |
| USD	QATAR, STATE OF-REG-S 2.37500% 16-02.06.21 | 1 150 000.00 | 1 154 312.50 | 0.72 |
| USD	QUEBEC, PROVINCE OF 3.50000% 10-29.07.20 | 625 000.00 | 631 436.68 | 0.39 |
| USD	QUEBEC, PROVINCE OF 2.50000% 16-20.04.26 | 700 000.00 | 722 260.07 | 0.45 |
| USD	ROCHE HOLDINGS INC-REG-S 3.62500% 18-17.09.28 | 1 000 000.00 | 1 110 630.50 | 0.69 |
| USD	SHELL INTERNATIONAL FINANCE BV 2.25000% 12-06.01.23 | 660 000.00 | 664 558.03 | 0.41 |
| USD	SHELL INTERNATIONAL FINANCE BV 2.87500% 16-10.05.26 | 700 000.00 | 725 227.09 | 0.45 |
| USD	TOTAL CAPITAL INTERNATIONAL SA 3.70000% 13-15.01.24 | 375 000.00 | 398 589.90 | 0.25 |
| USD	WALMART INC 3.05000% 19-08.07.26 | 250 000.00 | 263 525.07 | 0.16 |
| USD	WALMART INC 3.12500% 18-23.06.21 | 275 000.00 | 280 707.68 | 0.17 |
| USD	WELLS FARGO CO 3.50000% 12-08.03.22 | 900 000.00 | 927 854.10 | 0.58 |
| USD	WESTPAC BANKING CORP 2.85000% 16-13.05.26 | 1 175 000.00 | 1 200 168.50 | 0.75 |
| Total USD |  | 31 002 388.98 | 19.26 |
| Total Notes, fixed rate |  | 31 002 388.98 | 19.26 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	CITIGROUP INC 3M LIBOR+143BP 16-01.09.23 | 165 000.00 | 168 470.63 | 0.10 |
| Total USD |  | 168 470.63 | 0.10 |
| Total Notes, floating rate |  | 168 470.63 | 0.10 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ASB FINANCE LTD-REG-S 2.12500% 16-01.09.21 | 400 000.00 | 399 960.00 | 0.25 |
| USD	ASIAN DEVELOPMENT BANK 2.00000% 15-22.01.25 | 325 000.00 | 329 953.72 | 0.20 |
| USD	ASIAN DEVELOPMENT BANK 2.62500% 17-12.01.27 | 675 000.00 | 711 470.52 | 0.44 |
| USD	ASIAN DEVELOPMENT BANK 2.00000% 17-16.02.22 | 440 000.00 | 443 071.20 | 0.28 |
| USD	ASIAN DEVELOPMENT BANK 2.75000% 18-19.01.28 | 1 000 000.00 | 1 069 403.90 | 0.66 |
| USD	AUSTRALIA & NEW ZEALAND BANKING GRP/NY 2.30000% 16-01.06.21 | 1 250 000.00 | 1 253 312.50 | 0.78 |
| USD	BANK OF AMERICA CORP 3.24800% 16-21.10.27 | 225 000.00 | 234 580.50 | 0.15 |
| USD	CAISSE D’AMOR DE LA DETTE SOCIALE-REG-S 3.37500% 14-20.03.24 | 925 000.00 | 984 928.90 | 0.61 |
| USD	CPPIB CAPITAL INC-REG-S 2.75000% 17-02.11.27 | 350 000.00 | 369 087.07 | 0.23 |
| USD	IDB TRUST SERVICES LTD-REG-S 2.26100% 17-26.09.22 | 1 000 000.00 | 1 002 000.00 | 0.62 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 1.62500% 17-12.05.20 | 300 000.00 | 299 859.16 | 0.19 |
| USD	JAPAN TOBACCO INC-REG-S 2.80000% 16-13.04.26 | 400 000.00 | 403 672.00 | 0.25 |
| USD	MDGH - GMTN BV-REG-S 3.00000% 17-19.04.24 | 275 000.00 | 281 617.18 | 0.17 |
| USD	NESTLE HOLDINGS INC-REG-S 2.37500% 17-18.01.22 | 1 000 000.00 | 1 009 797.60 | 0.63 |
| USD	NESTLE HOLDINGS INC-REG-S 3.12500% 18-22.03.23 | 200 000.00 | 207 312.00 | 0.13 |
| USD	NISSAN MOTOR ACCEPTANCE CORP-REG-S 2.60000% 17-28.09.22 | 75 000.00 | 75 404.60 | 0.05 |
| USD	SP POWERASSETS LTD-REG-S 3.25000% 15-24.11.25 | 800 000.00 | 840 656.00 | 0.52 |
| USD	SUMITOMO MITSUI BANKING CORP-REG-S 2.44000% 19-18.06.24 | 279 000.00 | 283 879.96 | 0.18 |
| USD	SVENSK EXPORTKREDIT AB 1.75000% 16-10.03.21 | 400 000.00 | 399 831.42 | 0.25 |
| USD	TORONTO-DOMINION BANK 2.50000% 15-14.12.20 | 1 010 000.00 | 1 016 221.50 | 0.63 |
| USD	TOYOTA MOTOR CREDIT CORP 2.60000% 17-11.01.22 | 700 000.00 | 710 061.03 | 0.44 |
| Total USD |  | 12 326 080.76 | 7.66 |
| Total Medium term notes, fixed rate |  | 12 326 080.76 | 7.66 |

UBS (Lux) Strategy SICAV – Fixed Income (USD) Semi-Annual Report as of 30 November 2019
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |

Bonds, fixed rate
| USD |  |
| --- | --- |
| USD | BANK NEDERLANDSE GEMEENTEN NV-REG-S 2.62500% 14-28.04.21 | 1 520 000.00 | 1 537 362.96 | 0.95 |
| USD | BANK NEDERLANDSE GEMEENTEN NV-REG-S 2.37500% 16-16.03.26 | 250 000.00 | 257 449.00 | 0.16 |
| USD | BANK OF NOVA SCOTIA 1.85000% 15-14.04.20 | 900 000.00 | 899 599.64 | 0.56 |
| USD | BRITISH COLUMBIA, PROVINCE OF 2.25000% 16-02.06.26 | 600 000.00 | 612 691.44 | 0.38 |
| USD | EUROPEAN INVESTMENT BANK 3.25000% 14-29.01.24 | 225 000.00 | 238 925.97 | 0.15 |
| USD | EUROPEAN INVESTMENT BANK 1.87500% 15-10.02.25 | 250 000.00 | 252 594.78 | 0.16 |
| USD | FANNIE MAE 1.62500% 15-21.01.20 | 515 000.00 | 514 993.29 | 0.32 |
| USD | ING BANK NV-REG-S 2.62500% 12-05.12.22 | 950 000.00 | 969 950.00 | 0.60 |
| USD | INTER-AMERICAN DEVELOPMENT BANK 3.87500% 10-14.02.20 | 800 000.00 | 802 981.60 | 0.50 |
| USD | INTER-AMERICAN DEVELOPMENT BANK 3.00000% 14-21.02.24 | 750 000.00 | 788 794.58 | 0.49 |
| USD | INTER-AMERICAN DEVELOPMENT BANK 2.12500% 15-15.01.25 | 250 000.00 | 254 652.70 | 0.16 |
| USD | INTL BK FOR RECONSTR & DEVT WORLD BANK 7.62500% 93-19.01.23 | 875 000.00 | 1 030 221.50 | 0.64 |
| USD | INTL BK FOR RECONSTR & DEVT 2.50000% 15-29.07.25 | 1 100 000.00 | 1 145 741.41 | 0.71 |
| USD | KOREA NATIONAL OIL CORP-REG-S 3.25000% 14-10.07.24 | 1 025 000.00 | 1 066 960.94 | 0.66 |
| USD | KOREA, REPUBLIC OF 3.87500% 13-11.09.23 | 200 000.00 | 213 875.00 | 0.13 |
| USD | KREDITANSTALT FUER WIEDERAUFBAU 2.50000% 14-20.11.24 | 200 000.00 | 207 601.35 | 0.13 |
| USD | MICROSOFT CORP 2.40000% 16-08.08.26 | 1 400 000.00 | 1 424 774.26 | 0.88 |
| USD | MORGAN STANLEY 5.50000% 10-24.07.20 | 1 000 000.00 | 1 022 585.30 | 0.64 |
| USD | NOVARTIS CAPITAL CORP 3.40000% 14-06.05.24 | 500 000.00 | 528 717.65 | 0.33 |
| USD | OESTERREICHISCHE KONTROLLBANK AG 2.37500% 14-01.10.21 | 50 000.00 | 50 563.61 | 0.03 |
| USD | ONTARIO, PROVINCE OF 3.20000% 14-16.05.24 | 1 000 000.00 | 1 057 980.00 | 0.66 |
| USD | ONTARIO, PROVINCE OF 2.50000% 16-27.04.26 | 1 200 000.00 | 1 237 218.36 | 0.77 |
| USD | SWEDBANK HYPOTEK AB-REG-S 2.00000% 15-12.05.20 | 650 000.00 | 649 720.50 | 0.40 |
| Total USD |  |  | 16 765 955.84 | 10.41 |
| Total Bonds, fixed rate |  | 16 765 955.84 | 10.41 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 1.50000% 15-31.01.22 | 365 000.00 | 364 073.25 | 0.23 |
| USD	AMERICA, UNITED STATES OF 2.62500% 10-15.11.20 | 1 100 000.00 | 1 109 581.99 | 0.69 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 3 000 000.00 | 2 973 164.07 | 1.85 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 6 290 000.00 | 6 233 979.69 | 3.87 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.02.27 | 1 905 000.00 | 1 972 195.82 | 1.23 |
| USD	AMERICA, UNITED STATES OF 2.50000% 13-15.08.23 | 1 520 000.00 | 1 568 034.28 | 0.97 |
| USD	AMERICA, UNITED STATES OF 1.50000% 17-15.05.20 | 5 000.00 | 4 996.29 | 0.00 |
| Total USD |  | 14 226 025.39 | 8.84 |
| Total Treasury notes, fixed rate |  | 14 226 025.39 | 8.84 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 350 000.00 | 729 738.03 | 0.45 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 360 000.00 | 543 954.08 | 0.34 |
| USD	AMERICA, UNITED STATES OF 0.500%/CPI LINKED 18-15.01.28 | 550 000.00 | 585 949.27 | 0.36 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 450 000.00 | 498 742.94 | 0.31 |
| USD	AMERICA, UNITED STATES OF 1.125%/CPI LINKED 11-15.01.21 | 250 000.00 | 295 378.53 | 0.18 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.01.22 | 300 000.00 | 338 316.75 | 0.21 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 13-15.01.23 | 400 000.00 | 442 272.54 | 0.28 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 400 000.00 | 430 156.81 | 0.27 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 450 000.00 | 493 616.18 | 0.31 |
| Total USD |  | 4 358 125.13 | 2.71 |
| Total Treasury notes, floating rate |  | 4 358 125.13 | 2.71 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 78 847 046.73 | 48.98 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	HSBC HOLDINGS PLC 4.87500% 11-14.01.22 | 800 000.00 | 844 948.40 | 0.52 |
| USD	JPMORGAN CHASE & CO 4.25000% 10-15.10.20 | 200 000.00 | 203 931.32 | 0.13 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 1.95000% 17-28.09.20 | 500 000.00 | 500 303.05 | 0.31 |
| USD	SANOFI 4.00000% 11-29.03.21 | 600 000.00 | 617 112.00 | 0.38 |
| USD	SCENTRE GROUP TRUST 1 / 2-REG-S 3.75000% 17-23.03.27 | 225 000.00 | 236 958.75 | 0.15 |
| USD	WESTPAC BANKING CORP 2.65000% 18-25.01.21 | 500 000.00 | 503 020.00 | 0.31 |
| Total USD |  | 2 906 273.52 | 1.80 |
| Total Notes, fixed rate |  | 2 906 273.52 | 1.80 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	GUARDIAN LIFE GLOBAL FUNDING-REG-S 2.00000% 16-26.04.21 | 350 000.00 | 350 154.66 | 0.22 |
| Total USD |  | 350 154.66 | 0.22 |
| Total Medium term notes, fixed rate |  | 350 154.66 | 0.22 |
| Medium term notes, zero coupon |  |  |  |
| USD |  |  |  |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.00000% 00-01.05.30 | 370 000.00 | 290 451.61 | 0.18 |
| Total USD |  | 290 451.61 | 0.18 |
| Total Medium term notes, zero coupon |  | 290 451.61 | 0.18 |

UBS (Lux) Strategy SICAV – Fixed Income (USD) Semi-Annual Report as of 30 November 2019
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |

Medium term notes, floating rate
USD
| USD | GOLDMAN SACHS GROUP 3M LIBOR+160BP 13-29.11.23 | 525 000.00 | 543 098.22 | 0.34 |
| --- | --- | --- | --- | --- |
| Total USD | 543 098.22 | 0.34 |
| Total Medium term notes, floating rate |  | 543 098.22 | 0.34 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 3 470 000.00 | 3 482 334.46 | 2.16 |
| Total USD |  | 3 482 334.46 | 2.16 |
| Total Treasury notes, fixed rate |  | 3 482 334.46 | 2.16 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 14-15.01.24 | 400 000.00 | 447 116.06 | 0.28 |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25 | 450 000.00 | 489 072.76 | 0.30 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 300 000.00 | 334 409.60 | 0.21 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 400 000.00 | 444 916.02 | 0.28 |
| Total USD |  | 1 715 514.44 | 1.07 |
| Total Treasury notes, floating rate | 1 715 514.44 | 1.07 |
| Total Transferable securities and money market instruments traded on another regulated market | 9 287 826.91 | 5.77 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |  |
| Investment funds, open end |  |  |
| Luxembourg |  |  |
| EUR | UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 22 162.00 | 3 251 430.37 | 2.02 |
| USD | UBS (LUX) BOND SICAV - SHORT TERM USD CORPORATES (USD) U-X-A | 1 552.00 | 16 870 177.92 | 10.48 |
| USD | UBS (LUX) BOND SICAV - USD CORPORATES U-X-ACC | 482.00 | 5 747 840.36 | 3.57 |
| USD | UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC | 245.00 | 4 845 416.45 | 3.01 |
| USD | UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS | 30 310.00 | 3 232 561.50 | 2.01 |
| USD | UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC | 2 260.00 | 25 830 670.00 | 16.04 |
| USD | UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD)-U-X ACC | 710.00 | 9 678 563.80 | 6.01 |
| USD | UBS (LUX) MONEY MARKET FUND - USD U-X-ACC | 1.00 | 11 088.70 | 0.01 |
| Total Luxembourg | 69 467 749.10 | 43.15 |
| Total Investment funds, open end | 69 467 749.10 | 43.15 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 69 467 749.10 | 43.15 |
| Total investments in securities | 157 602 622.74 | 97.90 |
| Forward Foreign Exchange contracts |  |  |
| Forward Foreign Exchange contracts (Purchase/Sale) |  |  |

| USD | 2 345 766.01 | AUD | 3 458 811.58 | 9.1.2020 | 3 634.33 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| NZD | 5 000.00 | USD | 3 146.97 | 9.1.2020 | 64.54 | 0.00 |
| GBP | 1 249 269.79 | USD | 1 584 535.07 | 9.1.2020 | 34 120.88 | 0.02 |
| USD | 5 336.10 | ZAR | 80 000.00 | 9.1.2020 | -92.94 | 0.00 |
| USD | 1 535 727.61 | CAD | 2 030 000.00 | 9.1.2020 | 6 814.93 | 0.01 |
| USD | 5 601 223.08 | EUR | 5 055 000.00 | 9.1.2020 | 10 534.96 | 0.01 |
| CHF | 4 522.25 | USD | 4 564.52 | 9.1.2020 | -23.35 | 0.00 |
| NOK | 28 564 560.45 | USD | 3 123 015.74 | 9.1.2020 | -19 987.39 | -0.01 |
| EUR | 1 349 641.71 | NOK | 13 815 000.00 | 9.1.2020 | -8 080.44 | 0.00 |
| CAD | 1 965 414.96 | NOK | 13 815 000.00 | 9.1.2020 | -20 473.28 | -0.01 |
| USD | 97 773.18 | NOK | 900 000.00 | 9.1.2020 | 4.28 | 0.00 |
| EUR | 60 000.00 | USD | 66 886.80 | 9.1.2020 | -528.48 | 0.00 |
| GBP | 1 249 080.92 | USD | 1 613 459.06 | 15.1.2020 | 5 211.79 | 0.00 |
| NZD | 5 000.00 | USD | 3 217.44 | 15.1.2020 | -5.66 | 0.00 |
| USD | 43 725.80 | CAD | 57 359.72 | 15.1.2020 | 524.18 | 0.00 |
| USD | 2 398 310.85 | AUD | 3 457 592.81 | 15.1.2020 | 56 671.83 | 0.04 |
| NOK | 16 811.67 | USD | 1 846.89 | 15.1.2020 | -20.59 | 0.00 |
| USD | 56 179.45 | JPY | 6 087 875.00 | 15.1.2020 | 386.27 | 0.00 |
| USD | 36 483.96 | CHF | 35 943.27 | 15.1.2020 | 375.63 | 0.00 |
| USD | 4 126 323.29 | EUR | 3 689 996.02 | 15.1.2020 | 43 809.16 | 0.03 |
| IDR | 21 659 870 000.00 | USD | 1 529 543.82 | 16.1.2020 | -1 740.76 | 0.00 |
| INR | 105 940 000.00 | USD | 1 465 384.88 | 16.1.2020 | 5 627.04 | 0.00 |
| USD | 1 574 034.37 | TWD | 47 720 000.00 | 16.1.2020 | 5 005.13 | 0.00 |
| CAD | 60 000.00 | USD | 45 449.38 | 15.1.2020 | -259.18 | 0.00 |
| CAD | 70 000.00 | USD | 53 023.76 | 9.1.2020 | -302.63 | 0.00 |
| USD | 64 852.95 | GBP | 50 000.00 | 9.1.2020 | 68.87 | 0.00 |
| USD | 64 863.65 | GBP | 50 000.00 | 15.1.2020 | 69.17 | 0.00 |
| EUR | 2 110 000.00 | USD | 2 345 302.98 | 9.1.2020 | -11 702.20 | -0.01 |
| EUR | 2 110 000.00 | USD | 2 346 206.06 | 15.1.2020 | -11 757.79 | -0.01 |
| JPY | 6 135 264 000.00 | USD | 56 736 249.66 | 14.1.2020 | -517 429.60 | -0.32 |
| USD | 160 215.48 | JPY | 17 348 100.00 | 14.1.2020 | 1 250.89 | 0.00 |
| USD | 3 595 113.87 | JPY | 390 213 300.00 | 14.1.2020 | 19 500.61 | 0.01 |
| JPY | 997 476 500.00 | USD | 9 150 505.74 | 14.1.2020 | -10 401.60 | -0.01 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | -409 131.40 | -0.25 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 7 227 442.07 | 4.49 |
| Other assets and liabilities | -3 431 181.43 | -2.14 |
| Total net assets | 160 989 751.98 | 100.00 |

UBS (Lux) Strategy SICAV – Fixed Income (USD) Semi-Annual Report as of 30 November 2019

Translation (ENDE, 2019-11-30):
# UBS (Lux) Strategy SICAV – Fixed Income (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Nettovermögen in USD |  | 160 989 751.98 | 153 368 218.52 | 171 926 461.34 |
| Klasse K-1-acc | LU0937166048 |  |  |  |
| Aktien im Umlauf |  | 0.5000 | 1.1000 | 1.5000 |
| Nettoinventarwert pro Aktie in USD |  | 5 685 415.32 | 5 543 780.65 | 5 289 971.51 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 5 685 415.32 | 5 543 780.65 | 5 289 971.51 |
| Klasse P-acc | LU0042745397 |  |  |  |
| Aktien im Umlauf |  | 369 527.9500 | 344 431.0760 | 394 876.3520 |
| Nettoinventarwert pro Aktie in USD |  | 244.88 | 239.06 | 228.65 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 244.88 | 239.06 | 228.65 |
| Klasse (JPY hedged) P-acc | LU1203193534 |  |  |  |
| Aktien im Umlauf |  | 675 913.4420 | 684 496.6580 | 795 500.2490 |
| Nettoinventarwert pro Aktie in JPY |  | 10 102 | 9 984 | 9 823 |
| Ausgabe- und Rücknahmepreis pro Aktie in JPY 1 |  | 10 102 | 9 984 | 9 823 |
| Klasse Q-acc | LU1240800885 |  |  |  |
| Aktien im Umlauf |  | 47 704.1560 | 18 344.1750 | 17 246.1750 |
| Nettoinventarwert pro Aktie in USD |  | 111.22 | 108.35 | 103.19 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 111.22 | 108.35 | 103.19 |
| 1  Siehe Erläuterung 1 |  |  |  |  |

UBS (Lux) Strategy SICAV – Fixed Income (USD) Halbjahresbericht per 30. November 2019

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Luxemburg | 44.94 |
| --- | --- |
| Vereinigte Staaten | 30.67 |
| Kanada | 4.17 |
| Niederlande | 2.76 |
| Deutschland | 2.53 |
| Südkorea | 2.22 |
| Supranational | 2.20 |
| Frankreich | 1.24 |
| Australien | 1.20 |
| Kuwait | 1.07 |
| Philippinen | 0.72 |
| Katar | 0.72 |
| Schweden | 0.65 |
| Jersey | 0.62 |
| Grossbritannien | 0.52 |
| Singapur | 0.52 |
| Japan | 0.43 |
| Vereinigte Arabische Emirate | 0.39 |
| Neuseeland | 0.25 |
| Norwegen | 0.05 |
| Österreich | 0.03 |
| Total | 97.90 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Anlagefonds | 43.15 |
| --- | --- |
| Länder- & Zentralregierungen | 16.69 |
| Banken & Kreditinstitute | 9.82 |
| Supranationale Organisationen | 6.37 |
| Finanz- & Beteiligungsgesellschaften | 6.29 |
| Kantone, Bundesstaaten | 3.14 |
| Computer & Netzwerkausrüster | 2.81 |
| Erdöl | 2.14 |
| Internet, Software & IT-Dienste | 1.92 |
| Öffentlich-rechtliche Körperschaften | 1.52 |
| Diverse Dienstleistungen | 1.04 |
| Pharmazeutik, Kosmetik & medizinische Produkte | 0.75 |
| Pfandbriefinstitute & Refinanzierungsgesellschaften | 0.72 |
| Biotechnologie | 0.69 |
| Detailhandel, Warenhäuser | 0.34 |
| Diverse Konsumgüter | 0.26 |
| Tabak & alkoholische Getränke | 0.25 |
| Total | 97.90 |


## Nettovermögensaufstellung
Aktiva	30.11.2019
USD
Wertpapierbestand, Einstandswert	149 983 061.54
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	7 619 561.20	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 157 602 622.74 |
| Bankguthaben, Sicht- und Fristgelder | 7 227 442.07 |
| Zinsforderungen aus Wertpapieren | 517 167.17 |
| Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1) | -409 131.40 |
| Total Aktiva | 164 938 100.58 |
|  |  |
| Passiva |  |
| Zinsverbindlichkeiten aus Kontokorrentkredit | -166.53 |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -3 875 933.43 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -63 120.29 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -7 461.05 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-1 667.30	 |
| Total Rückstellungen für Aufwendungen | -72 248.64 |
| Total Passiva | -3 948 348.60 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 160 989 751.98 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 1.6.2019-30.11.2019 |
| Zinsertrag auf liquide Mittel | 8 418.46 |
| Zinsen auf Wertpapiere | 1 021 023.63 |
| Zinsertrag auf Swaps (Erläuterung 1) | 30 490.27 |
| Dividenden | 159 375.20 |
| Erträge aus Securities Lending (Erläuterung 12) | 16 864.18 |
| Sonstige Erträge (Erläuterung 4) | 24 201.22 |
| Total Erträge | 1 260 372.96 |
|  |  |
| Aufwendungen |  |
| Zinsaufwand auf Swaps (Erläuterung 1) | -488.68 |
| Kosten aus Securities Lending (Erläuterung 12) | -6 745.67 |
| Pauschale Verwaltungskommission (Erläuterung 2) | -814 437.60 |
| Abonnementsabgabe (Erläuterung 3) | -21 291.40 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -15 771.35 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -358.92 |
| Total Aufwendungen | -859 093.62 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | 401 279.34 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 658 884.59 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | -7 989.81 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | -264 271.48 |
| Realisierter Kursgewinn (-verlust) aus Swaps | 120 904.11 |
| Realisierter Währungsgewinn (-verlust) | 75 106.92 |
| Total der realisierten Gewinne (Verluste) | 582 634.33 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | 983 913.67 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 2 830 733.84 |
| Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente | 4 100.80 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | 8 714.06 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | -1 307 794.25 |
| Nicht realisierte Werterhöhung (-minderung) von Swaps | -73 938.36 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 1 461 816.09 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 2 445 729.76 |

UBS (Lux) Strategy SICAV – Fixed Income (USD) Halbjahresbericht per 30. November 2019
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-30.11.2019 |
| Nettovermögen zu Beginn der Berichtsperiode | 153 368 218.52 |
| Zeichnungen | 22 190 185.16 |
| Rücknahmen | 	-17 014 381.46	 |
| Total Mittelzufluss (-abfluss) | 5 175 803.70 |
| Nettoerträge (-verluste) aus Anlagen | 401 279.34 |
| Total der realisierten Gewinne (Verluste) | 582 634.33 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	1 461 816.09	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 2 445 729.76 |
| Nettovermögen am Ende der Berichtsperiode | 160 989 751.98 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2019-30.11.2019 |
| Klasse | K-1-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 1.1000 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -0.6000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 0.5000 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 344 431.0760 |
| Anzahl der ausgegebenen Aktien | 39 460.8760 |
| Anzahl der zurückgegebenen Aktien | -14 364.0020 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 369 527.9500 |
| Klasse | (JPY hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 684 496.6580 |
| Anzahl der ausgegebenen Aktien | 98 784.9450 |
| Anzahl der zurückgegebenen Aktien | -107 368.1610 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 675 913.4420 |
| Klasse | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 18 344.1750 |
| Anzahl der ausgegebenen Aktien | 30 696.7470 |
| Anzahl der zurückgegebenen Aktien | -1 336.7660 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 47 704.1560 |

UBS (Lux) Strategy SICAV – Fixed Income (USD) Halbjahresbericht per 30. November 2019

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	ABU DHABI,GOVERNMENT OF-REG-S 3.12500% 17-11.10.27 | 600 000.00 | 627 750.00 | 0.39 |
| USD	ALPHABET INC 1.99800% 16-15.08.26 | 650 000.00 | 648 074.26 | 0.40 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 430 000.00 | 446 624.88 | 0.28 |
| USD	APPLE INC 2.25000% 16-23.02.21 | 675 000.00 | 678 427.31 | 0.42 |
| USD	APPLE INC 2.40000% 13-03.05.23 | 400 000.00 | 406 100.24 | 0.25 |
| USD	APPLE INC 2.45000% 16-04.08.26 | 500 000.00 | 507 752.40 | 0.32 |
| USD	APPLE INC 2.90000% 17-12.09.27 | 1 125 000.00 | 1 173 679.08 | 0.73 |
| USD	APPLE INC 3.45000% 14-06.05.24 | 1 200 000.00 | 1 274 264.40 | 0.79 |
| USD	BAYER US FINANCE II LLC-REG-S 3.87500% 18-15.12.23 | 400 000.00 | 419 684.12 | 0.26 |
| USD	BERKSHIRE HATHAWAY INC 2.75000% 16-15.03.23 | 700 000.00 | 718 856.04 | 0.45 |
| USD	CHEVRON CORP 2.95400% 16-16.05.26 | 1 200 000.00 | 1 261 887.96 | 0.78 |
| USD	EQUINOR ASA 3.62500% 18-10.09.28 | 80 000.00 | 88 117.31 | 0.05 |
| USD	EUROPEAN INVESTMENT BANK 2.00000% 16-15.03.21 | 1 250 000.00 | 1 254 088.50 | 0.78 |
| USD	EUROPEAN INVESTMENT BANK 2.37500% 17-24.05.27 | 300 000.00 | 312 080.97 | 0.19 |
| USD	EUROPEAN INVESTMENT BANK 2.62500% 19-20.05.22 | 800 000.00 | 818 355.52 | 0.51 |
| USD	EXXON MOBIL CORP 2.72600% 16-01.03.23 | 1 000 000.00 | 1 025 295.00 | 0.64 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.25000% 19-18.06.29 | 200 000.00 | 206 700.54 | 0.13 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 2.85000% 19-13.05.22 | 475 000.00 | 484 085.18 | 0.30 |
| USD	JOHNSON & JOHNSON 3.37500% 13-05.12.23 | 550 000.00 | 583 817.13 | 0.36 |
| USD	KOREA DEVELOPMENT BANK 4.62500% 11-16.11.21 | 1 000 000.00 | 1 050 312.50 | 0.65 |
| USD	KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 3.12500% 17-25.07.27 | 800 000.00 | 832 500.00 | 0.52 |
| USD	KOREA RESOURCES CORP-REG-S 3.00000% 17-24.04.22 | 400 000.00 | 404 625.00 | 0.25 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.12500% 13-17.01.23 | 1 270 000.00 | 1 287 505.55 | 0.80 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 1.62500% 16-15.03.21 | 1 550 000.00 | 1 548 309.99 | 0.96 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.87500% 18-03.04.28 | 150 000.00 | 162 309.69 | 0.10 |
| USD	KUWAIT INTERNATIONAL GOVT BOND-REG-S 3.50000% 17-20.03.27 | 1 600 000.00 | 1 716 500.00 | 1.07 |
| USD	LANDWIRTSCHAFTLICHE RENTENBANK 2.00000% 15-13.01.25 | 850 000.00 | 861 019.83 | 0.54 |
| USD	MICROSOFT CORP 3.30000% 17-06.02.27 | 950 000.00 | 1 022 994.48 | 0.64 |
| USD	NOVARTIS CAPITAL CORP 3.10000% 17-17.05.27 | 475 000.00 | 502 368.79 | 0.31 |
| USD	ONTARIO, PROVINCE OF 2.00000% 19-02.10.29 | 175 000.00 | 173 637.28 | 0.11 |
| USD	PROCTER & GAMBLE CO 1.85000% 16-02.02.21 | 425 000.00 | 425 394.91 | 0.26 |
| USD	QATAR, STATE OF-REG-S 2.37500% 16-02.06.21 | 1 150 000.00 | 1 154 312.50 | 0.72 |
| USD	QUEBEC, PROVINCE OF 3.50000% 10-29.07.20 | 625 000.00 | 631 436.68 | 0.39 |
| USD	QUEBEC, PROVINCE OF 2.50000% 16-20.04.26 | 700 000.00 | 722 260.07 | 0.45 |
| USD	ROCHE HOLDINGS INC-REG-S 3.62500% 18-17.09.28 | 1 000 000.00 | 1 110 630.50 | 0.69 |
| USD	SHELL INTERNATIONAL FINANCE BV 2.25000% 12-06.01.23 | 660 000.00 | 664 558.03 | 0.41 |
| USD	SHELL INTERNATIONAL FINANCE BV 2.87500% 16-10.05.26 | 700 000.00 | 725 227.09 | 0.45 |
| USD	TOTAL CAPITAL INTERNATIONAL SA 3.70000% 13-15.01.24 | 375 000.00 | 398 589.90 | 0.25 |
| USD	WALMART INC 3.05000% 19-08.07.26 | 250 000.00 | 263 525.07 | 0.16 |
| USD	WALMART INC 3.12500% 18-23.06.21 | 275 000.00 | 280 707.68 | 0.17 |
| USD	WELLS FARGO CO 3.50000% 12-08.03.22 | 900 000.00 | 927 854.10 | 0.58 |
| USD	WESTPAC BANKING CORP 2.85000% 16-13.05.26 | 1 175 000.00 | 1 200 168.50 | 0.75 |
| Total USD |  | 31 002 388.98 | 19.26 |
| Total Notes, fester Zins |  | 31 002 388.98 | 19.26 |
| Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	CITIGROUP INC 3M LIBOR+143BP 16-01.09.23 | 165 000.00 | 168 470.63 | 0.10 |
| Total USD |  | 168 470.63 | 0.10 |
| Total Notes, variabler Zins |  | 168 470.63 | 0.10 |
| Medium-Term Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	ASB FINANCE LTD-REG-S 2.12500% 16-01.09.21 | 400 000.00 | 399 960.00 | 0.25 |
| USD	ASIAN DEVELOPMENT BANK 2.00000% 15-22.01.25 | 325 000.00 | 329 953.72 | 0.20 |
| USD	ASIAN DEVELOPMENT BANK 2.62500% 17-12.01.27 | 675 000.00 | 711 470.52 | 0.44 |
| USD	ASIAN DEVELOPMENT BANK 2.00000% 17-16.02.22 | 440 000.00 | 443 071.20 | 0.28 |
| USD	ASIAN DEVELOPMENT BANK 2.75000% 18-19.01.28 | 1 000 000.00 | 1 069 403.90 | 0.66 |
| USD	AUSTRALIA & NEW ZEALAND BANKING GRP/NY 2.30000% 16-01.06.21 | 1 250 000.00 | 1 253 312.50 | 0.78 |
| USD	BANK OF AMERICA CORP 3.24800% 16-21.10.27 | 225 000.00 | 234 580.50 | 0.15 |
| USD	CAISSE D’AMOR DE LA DETTE SOCIALE-REG-S 3.37500% 14-20.03.24 | 925 000.00 | 984 928.90 | 0.61 |
| USD	CPPIB CAPITAL INC-REG-S 2.75000% 17-02.11.27 | 350 000.00 | 369 087.07 | 0.23 |
| USD	IDB TRUST SERVICES LTD-REG-S 2.26100% 17-26.09.22 | 1 000 000.00 | 1 002 000.00 | 0.62 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 1.62500% 17-12.05.20 | 300 000.00 | 299 859.16 | 0.19 |
| USD	JAPAN TOBACCO INC-REG-S 2.80000% 16-13.04.26 | 400 000.00 | 403 672.00 | 0.25 |
| USD	MDGH - GMTN BV-REG-S 3.00000% 17-19.04.24 | 275 000.00 | 281 617.18 | 0.17 |
| USD	NESTLE HOLDINGS INC-REG-S 2.37500% 17-18.01.22 | 1 000 000.00 | 1 009 797.60 | 0.63 |
| USD	NESTLE HOLDINGS INC-REG-S 3.12500% 18-22.03.23 | 200 000.00 | 207 312.00 | 0.13 |
| USD	NISSAN MOTOR ACCEPTANCE CORP-REG-S 2.60000% 17-28.09.22 | 75 000.00 | 75 404.60 | 0.05 |
| USD	SP POWERASSETS LTD-REG-S 3.25000% 15-24.11.25 | 800 000.00 | 840 656.00 | 0.52 |
| USD	SUMITOMO MITSUI BANKING CORP-REG-S 2.44000% 19-18.06.24 | 279 000.00 | 283 879.96 | 0.18 |
| USD	SVENSK EXPORTKREDIT AB 1.75000% 16-10.03.21 | 400 000.00 | 399 831.42 | 0.25 |
| USD	TORONTO-DOMINION BANK 2.50000% 15-14.12.20 | 1 010 000.00 | 1 016 221.50 | 0.63 |
| USD	TOYOTA MOTOR CREDIT CORP 2.60000% 17-11.01.22 | 700 000.00 | 710 061.03 | 0.44 |
| Total USD |  | 12 326 080.76 | 7.66 |
| Total Medium-Term Notes, fester Zins |  | 12 326 080.76 | 7.66 |

UBS (Lux) Strategy SICAV – Fixed Income (USD) Halbjahresbericht per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	BANK NEDERLANDSE GEMEENTEN NV-REG-S 2.62500% 14-28.04.21 | 1 520 000.00 | 1 537 362.96 | 0.95 |
| USD	BANK NEDERLANDSE GEMEENTEN NV-REG-S 2.37500% 16-16.03.26 | 250 000.00 | 257 449.00 | 0.16 |
| USD	BANK OF NOVA SCOTIA 1.85000% 15-14.04.20 | 900 000.00 | 899 599.64 | 0.56 |
| USD	BRITISH COLUMBIA, PROVINCE OF 2.25000% 16-02.06.26 | 600 000.00 | 612 691.44 | 0.38 |
| USD	EUROPEAN INVESTMENT BANK 3.25000% 14-29.01.24 | 225 000.00 | 238 925.97 | 0.15 |
| USD	EUROPEAN INVESTMENT BANK 1.87500% 15-10.02.25 | 250 000.00 | 252 594.78 | 0.16 |
| USD	FANNIE MAE 1.62500% 15-21.01.20 | 515 000.00 | 514 993.29 | 0.32 |
| USD	ING BANK NV-REG-S 2.62500% 12-05.12.22 | 950 000.00 | 969 950.00 | 0.60 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 3.87500% 10-14.02.20 | 800 000.00 | 802 981.60 | 0.50 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 3.00000% 14-21.02.24 | 750 000.00 | 788 794.58 | 0.49 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.12500% 15-15.01.25 | 250 000.00 | 254 652.70 | 0.16 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 7.62500% 93-19.01.23 | 875 000.00 | 1 030 221.50 | 0.64 |
| USD	INTL BK FOR RECONSTR & DEVT 2.50000% 15-29.07.25 | 1 100 000.00 | 1 145 741.41 | 0.71 |
| USD	KOREA NATIONAL OIL CORP-REG-S 3.25000% 14-10.07.24 | 1 025 000.00 | 1 066 960.94 | 0.66 |
| USD	KOREA, REPUBLIC OF 3.87500% 13-11.09.23 | 200 000.00 | 213 875.00 | 0.13 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.50000% 14-20.11.24 | 200 000.00 | 207 601.35 | 0.13 |
| USD	MICROSOFT CORP 2.40000% 16-08.08.26 | 1 400 000.00 | 1 424 774.26 | 0.88 |
| USD	MORGAN STANLEY 5.50000% 10-24.07.20 | 1 000 000.00 | 1 022 585.30 | 0.64 |
| USD	NOVARTIS CAPITAL CORP 3.40000% 14-06.05.24 | 500 000.00 | 528 717.65 | 0.33 |
| USD	OESTERREICHISCHE KONTROLLBANK AG 2.37500% 14-01.10.21 | 50 000.00 | 50 563.61 | 0.03 |
| USD	ONTARIO, PROVINCE OF 3.20000% 14-16.05.24 | 1 000 000.00 | 1 057 980.00 | 0.66 |
| USD	ONTARIO, PROVINCE OF 2.50000% 16-27.04.26 | 1 200 000.00 | 1 237 218.36 | 0.77 |
| USD	SWEDBANK HYPOTEK AB-REG-S 2.00000% 15-12.05.20 | 650 000.00 | 649 720.50 | 0.40 |
| Total USD |  | 16 765 955.84 | 10.41 |
| Total Anleihen, fester Zins |  | 16 765 955.84 | 10.41 |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 1.50000% 15-31.01.22 | 365 000.00 | 364 073.25 | 0.23 |
| USD	AMERICA, UNITED STATES OF 2.62500% 10-15.11.20 | 1 100 000.00 | 1 109 581.99 | 0.69 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 3 000 000.00 | 2 973 164.07 | 1.85 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 6 290 000.00 | 6 233 979.69 | 3.87 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.02.27 | 1 905 000.00 | 1 972 195.82 | 1.23 |
| USD	AMERICA, UNITED STATES OF 2.50000% 13-15.08.23 | 1 520 000.00 | 1 568 034.28 | 0.97 |
| USD	AMERICA, UNITED STATES OF 1.50000% 17-15.05.20 | 5 000.00 | 4 996.29 | 0.00 |
| Total USD |  | 14 226 025.39 | 8.84 |
| Total Treasury-Notes, fester Zins |  | 14 226 025.39 | 8.84 |
| Treasury-Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 350 000.00 | 729 738.03 | 0.45 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 360 000.00 | 543 954.08 | 0.34 |
| USD	AMERICA, UNITED STATES OF 0.500%/CPI LINKED 18-15.01.28 | 550 000.00 | 585 949.27 | 0.36 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 450 000.00 | 498 742.94 | 0.31 |
| USD	AMERICA, UNITED STATES OF 1.125%/CPI LINKED 11-15.01.21 | 250 000.00 | 295 378.53 | 0.18 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.01.22 | 300 000.00 | 338 316.75 | 0.21 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 13-15.01.23 | 400 000.00 | 442 272.54 | 0.28 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 400 000.00 | 430 156.81 | 0.27 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 450 000.00 | 493 616.18 | 0.31 |
| Total USD |  | 4 358 125.13 | 2.71 |
| Total Treasury-Notes, variabler Zins | 4 358 125.13 | 2.71 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 78 847 046.73 | 48.98 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Notes, fester Zins |  |  |
| USD |  |  |
| USD	HSBC HOLDINGS PLC 4.87500% 11-14.01.22	800 000.00 | 844 948.40 | 0.52 |
| USD	JPMORGAN CHASE & CO 4.25000% 10-15.10.20	200 000.00 | 203 931.32 | 0.13 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 1.95000% 17-28.09.20	500 000.00 | 500 303.05 | 0.31 |
| USD	SANOFI 4.00000% 11-29.03.21	600 000.00 | 617 112.00 | 0.38 |
| USD	SCENTRE GROUP TRUST 1 / 2-REG-S 3.75000% 17-23.03.27	225 000.00 | 236 958.75 | 0.15 |
| USD	WESTPAC BANKING CORP 2.65000% 18-25.01.21	500 000.00 | 503 020.00 | 0.31 |
| Total USD | 2 906 273.52 | 1.80 |
| Total Notes, fester Zins | 2 906 273.52 | 1.80 |
| Medium-Term Notes, fester Zins |  |  |
| USD |  |  |
| USD	GUARDIAN LIFE GLOBAL FUNDING-REG-S 2.00000% 16-26.04.21	350 000.00 | 350 154.66 | 0.22 |
| Total USD | 350 154.66 | 0.22 |
| Total Medium-Term Notes, fester Zins | 350 154.66 | 0.22 |
| Medium-Term Notes, Nullcoupon |  |  |
| USD |  |  |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.00000% 00-01.05.30	370 000.00 | 290 451.61 | 0.18 |
| Total USD | 290 451.61 | 0.18 |
| Total Medium-Term Notes, Nullcoupon | 290 451.61 | 0.18 |

UBS (Lux) Strategy SICAV – Fixed Income (USD) Halbjahresbericht per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |

Medium-Term Notes, variabler Zins
USD
| USD | GOLDMAN SACHS GROUP 3M LIBOR+160BP 13-29.11.23 | 525 000.00 | 543 098.22 | 0.34 |
| --- | --- | --- | --- | --- |
| Total USD | 543 098.22 | 0.34 |
| Total Medium-Term Notes, variabler Zins |  | 543 098.22 | 0.34 |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 3 470 000.00 | 3 482 334.46 | 2.16 |
| Total USD |  | 3 482 334.46 | 2.16 |
| Total Treasury-Notes, fester Zins |  | 3 482 334.46 | 2.16 |
| Treasury-Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 14-15.01.24 | 400 000.00 | 447 116.06 | 0.28 |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25 | 450 000.00 | 489 072.76 | 0.30 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 300 000.00 | 334 409.60 | 0.21 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 400 000.00 | 444 916.02 | 0.28 |
| Total USD |  | 1 715 514.44 | 1.07 |
| Total Treasury-Notes, variabler Zins |  | 1 715 514.44 | 1.07 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  | 9 287 826.91 | 5.77 |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
Luxemburg
| EUR | UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 22 162.00 | 3 251 430.37 | 2.02 |
| --- | --- | --- | --- | --- |
| USD | UBS (LUX) BOND SICAV - SHORT TERM USD CORPORATES (USD) U-X-A | 1 552.00 | 16 870 177.92 | 10.48 |
| USD | UBS (LUX) BOND SICAV - USD CORPORATES U-X-ACC | 482.00 | 5 747 840.36 | 3.57 |
| USD | UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC | 245.00 | 4 845 416.45 | 3.01 |
| USD | UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS | 30 310.00 | 3 232 561.50 | 2.01 |
| USD | UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC | 2 260.00 | 25 830 670.00 | 16.04 |
| USD | UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD)-U-X ACC | 710.00 | 9 678 563.80 | 6.01 |
| USD | UBS (LUX) MONEY MARKET FUND - USD U-X-ACC | 1.00 | 11 088.70 | 0.01 |
| Total Luxemburg | 69 467 749.10 | 43.15 |
| Total Investment Fonds, open end | 69 467 749.10 | 43.15 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 | 69 467 749.10 | 43.15 |
| Total des Wertpapierbestandes | 157 602 622.74 | 97.90 |
| Devisenterminkontrakte |  |  |
| Devisenterminkontrakte (Kauf/Verkauf) |  |  |

| USD | 2 345 766.01 | AUD | 3 458 811.58 | 9.1.2020 | 3 634.33 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| NZD | 5 000.00 | USD | 3 146.97 | 9.1.2020 | 64.54 | 0.00 |
| GBP | 1 249 269.79 | USD | 1 584 535.07 | 9.1.2020 | 34 120.88 | 0.02 |
| USD | 5 336.10 | ZAR | 80 000.00 | 9.1.2020 | -92.94 | 0.00 |
| USD | 1 535 727.61 | CAD | 2 030 000.00 | 9.1.2020 | 6 814.93 | 0.01 |
| USD | 5 601 223.08 | EUR | 5 055 000.00 | 9.1.2020 | 10 534.96 | 0.01 |
| CHF | 4 522.25 | USD | 4 564.52 | 9.1.2020 | -23.35 | 0.00 |
| NOK | 28 564 560.45 | USD | 3 123 015.74 | 9.1.2020 | -19 987.39 | -0.01 |
| EUR | 1 349 641.71 | NOK | 13 815 000.00 | 9.1.2020 | -8 080.44 | 0.00 |
| CAD | 1 965 414.96 | NOK | 13 815 000.00 | 9.1.2020 | -20 473.28 | -0.01 |
| USD | 97 773.18 | NOK | 900 000.00 | 9.1.2020 | 4.28 | 0.00 |
| EUR | 60 000.00 | USD | 66 886.80 | 9.1.2020 | -528.48 | 0.00 |
| GBP | 1 249 080.92 | USD | 1 613 459.06 | 15.1.2020 | 5 211.79 | 0.00 |
| NZD | 5 000.00 | USD | 3 217.44 | 15.1.2020 | -5.66 | 0.00 |
| USD | 43 725.80 | CAD | 57 359.72 | 15.1.2020 | 524.18 | 0.00 |
| USD | 2 398 310.85 | AUD | 3 457 592.81 | 15.1.2020 | 56 671.83 | 0.04 |
| NOK | 16 811.67 | USD | 1 846.89 | 15.1.2020 | -20.59 | 0.00 |
| USD | 56 179.45 | JPY | 6 087 875.00 | 15.1.2020 | 386.27 | 0.00 |
| USD | 36 483.96 | CHF | 35 943.27 | 15.1.2020 | 375.63 | 0.00 |
| USD | 4 126 323.29 | EUR | 3 689 996.02 | 15.1.2020 | 43 809.16 | 0.03 |
| IDR | 21 659 870 000.00 | USD | 1 529 543.82 | 16.1.2020 | -1 740.76 | 0.00 |
| INR | 105 940 000.00 | USD | 1 465 384.88 | 16.1.2020 | 5 627.04 | 0.00 |
| USD | 1 574 034.37 | TWD | 47 720 000.00 | 16.1.2020 | 5 005.13 | 0.00 |
| CAD | 60 000.00 | USD | 45 449.38 | 15.1.2020 | -259.18 | 0.00 |
| CAD | 70 000.00 | USD | 53 023.76 | 9.1.2020 | -302.63 | 0.00 |
| USD | 64 852.95 | GBP | 50 000.00 | 9.1.2020 | 68.87 | 0.00 |
| USD | 64 863.65 | GBP | 50 000.00 | 15.1.2020 | 69.17 | 0.00 |
| EUR | 2 110 000.00 | USD | 2 345 302.98 | 9.1.2020 | -11 702.20 | -0.01 |
| EUR | 2 110 000.00 | USD | 2 346 206.06 | 15.1.2020 | -11 757.79 | -0.01 |
| JPY | 6 135 264 000.00 | USD | 56 736 249.66 | 14.1.2020 | -517 429.60 | -0.32 |
| USD | 160 215.48 | JPY | 17 348 100.00 | 14.1.2020 | 1 250.89 | 0.00 |
| USD | 3 595 113.87 | JPY | 390 213 300.00 | 14.1.2020 | 19 500.61 | 0.01 |
| JPY | 997 476 500.00 | USD | 9 150 505.74 | 14.1.2020 | -10 401.60 | -0.01 |
| Total Devisenterminkontrakte (Kauf/Verkauf) | -409 131.40 | -0.25 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 7 227 442.07 | 4.49 |
| Andere Aktiva und Passiva | -3 431 181.43 | -2.14 |
| Total des Nettovermögens | 160 989 751.98 | 100.00 |

UBS (Lux) Strategy SICAV – Fixed Income (USD) Halbjahresbericht per 30. November 2019