# UBS (Lux) Equity SICAV
– European High Dividend (EUR)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| Net assets in EUR |  | 205 863 019.50 | 207 697 734.51 | 278 537 057.54 |
| Class N-8%-mdist | LU1121265976 |  |  |  |
| Shares outstanding |  | 80 041.4100 | 87 841.4330 | 114 815.1610 |
| Net asset value per share in EUR |  | 64.58 | 61.71 | 75.21 |
| Issue and redemption price per share in EUR 1 |  | 64.58 | 61.71 | 75.21 |
| Class P-acc | LU0566497433 |  |  |  |
| Shares outstanding |  | 318 850.5600 | 345 925.7710 | 416 520.0860 |
| Net asset value per share in EUR |  | 143.99 | 131.77 | 146.79 |
| Issue and redemption price per share in EUR 1 |  | 143.99 | 131.77 | 146.79 |
| Class (CHF) P-acc | LU0571745792 |  |  |  |
| Shares outstanding |  | 112 843.9070 | 117 163.7110 | 130 062.4500 |
| Net asset value per share in CHF |  | 121.90 | 110.09 | 128.63 |
| Issue and redemption price per share in CHF 1 |  | 121.90 | 110.09 | 128.63 |
| Class (USD) P-acc | LU0571745446 |  |  |  |
| Shares outstanding |  | 33 093.0800 | 35 626.7240 | 63 223.0260 |
| Net asset value per share in USD |  | 129.94 | 110.59 | 123.40 |
| Issue and redemption price per share in USD 1 |  | 129.94 | 110.59 | 123.40 |
| Class P-dist | LU0566497516 |  |  |  |
| Shares outstanding |  | 121 165.5910 | 136 886.4310 | 149 024.9610 |
| Net asset value per share in EUR |  | 110.86 | 105.24 | 120.49 |
| Issue and redemption price per share in EUR 1 |  | 110.86 | 105.24 | 120.49 |
| Class (CHF hedged) P-dist | LU0826316233 |  |  |  |
| Shares outstanding |  | 117 413.8810 | 123 998.5240 | 173 442.8040 |
| Net asset value per share in CHF |  | 113.46 | 106.81 | 122.63 |
| Issue and redemption price per share in CHF 1 |  | 113.46 | 106.81 | 122.63 |
| Class (GBP) P-dist | LU0571744555 |  |  |  |
| Shares outstanding |  | 21 620.4990 | 22 928.1360 | 32 074.2050 |
| Net asset value per share in GBP |  | 118.12 | 111.04 | 124.86 |
| Issue and redemption price per share in GBP 1 |  | 118.12 | 111.04 | 124.86 |
| Class P-mdist | LU1249369007 |  |  |  |
| Shares outstanding |  | 2 168.9020 | 2 112.6920 | 1 657.9160 |
| Net asset value per share in EUR |  | 79.53 | 74.14 | 86.08 |
| Issue and redemption price per share in EUR 1 |  | 79.53 | 74.14 | 86.08 |
| Class Q-acc | LU0847997854 |  |  |  |
| Shares outstanding |  | 114 292.4560 | 125 678.1420 | 240 022.6980 |
| Net asset value per share in EUR |  | 96.91 | 88.40 | 97.82 |
| Issue and redemption price per share in EUR 1 |  | 96.91 | 88.40 | 97.82 |
| Class (CHF) Q-acc | LU1240784311 |  |  |  |
| Shares outstanding |  | 4 558.8430 | 7 237.4670 | 79 392.2740 |
| Net asset value per share in CHF |  | 98.34 | 88.51 | 102.72 |
| Issue and redemption price per share in CHF 1 |  | 98.34 | 88.51 | 102.72 |
| Class (USD) Q-acc | LU1240784584 |  |  |  |
| Shares outstanding |  | 6 246.7390 | 6 853.7390 | 11 828.2770 |
| Net asset value per share in USD |  | 105.71 | 89.66 | 99.41 |
| Issue and redemption price per share in USD 1 |  | 105.71 | 89.66 | 99.41 |
| Class Q-dist | LU1240784741 |  |  |  |
| Shares outstanding |  | 44 615.9770 | 46 002.2730 | 107 111.3160 |
| Net asset value per share in EUR |  | 84.03 | 78.64 | 90.04 |
| Issue and redemption price per share in EUR 1 |  | 84.03 | 78.64 | 90.04 |
| Class (CHF hedged) Q-dist | LU1240784238 |  |  |  |
| Shares outstanding |  | 26 882.9200 | 39 844.7250 | 261 740.2050 |
| Net asset value per share in CHF |  | 82.27 | 77.13 | 88.54 |
| Issue and redemption price per share in CHF 1 |  | 82.27 | 77.13 | 88.54 |
| Class (GBP) Q-dist | LU1240784402 |  |  |  |
| Shares outstanding |  | 7 767.2650 | 6 979.6980 | 5 587.4860 |
| Net asset value per share in GBP |  | 107.61 | 101.08 | 113.62 |
| Issue and redemption price per share in GBP 1 |  | 107.61 | 101.08 | 113.62 |
| Class QL-acc 2 | LU2049072429 |  |  |  |
| Shares outstanding |  | 75 242.4980 | 81 303.2030 | - |
| Net asset value per share in EUR |  | 96.65 | 88.08 | - |
| Issue and redemption price per share in EUR 1 |  | 96.65 | 88.08 | - |
| Class (CHF) QL-acc 2 | LU2049072189 |  |  |  |
| Shares outstanding |  | 38 252.9680 | 66 664.9450 | - |
| Net asset value per share in CHF |  | 96.20 | 86.51 | - |
| Issue and redemption price per share in CHF 1 |  | 96.20 | 86.51 | - |

UBS (Lux) Equity SICAV – European High Dividend (EUR) Semi-Annual Report as of 30 November 2020
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class (USD) QL-acc 2 | LU2049072346 |  |  |  |
| Shares outstanding |  | 720.9140 | 720.9140 | - |
| Net asset value per share in USD |  | 105.53 | 89.43 | - |
| Issue and redemption price per share in USD 1 |  | 105.53 | 89.43 | - |
| Class QL-dist 2 | LU2049072692 |  |  |  |
| Shares outstanding |  | 42 492.8810 | 43 686.2580 | - |
| Net asset value per share in EUR |  | 95.10 | 88.07 | - |
| Issue and redemption price per share in EUR 1 |  | 95.10 | 88.07 | - |
| Class (CHF hedged) QL-dist 2 | LU2049072007 |  |  |  |
| Shares outstanding |  | 123 877.5320 | 145 699.7220 | - |
| Net asset value per share in CHF |  | 94.91 | 87.95 | - |
| Issue and redemption price per share in CHF 1 |  | 94.91 | 87.95 | - |
| Class (GBP) QL-dist 2 | LU2049072262 |  |  |  |
| Shares outstanding |  | 202.2800 | 477.2800 | - |
| Net asset value per share in GBP |  | 95.02 | 88.36 | - |
| Issue and redemption price per share in GBP 1 |  | 95.02 | 88.36 | - |
| Class U-X-acc | LU0566497789 |  |  |  |
| Shares outstanding |  | 5 105.0000 | 5 445.0000 | 6 464.0100 |
| Net asset value per share in EUR |  | 12 793.32 | 11 617.10 | 12 744.56 |
| Issue and redemption price per share in EUR 1 |  | 12 793.32 | 11 617.10 | 12 744.56 |
| 1  See note 1 2  First NAV: 9.10.2019 |  |  |  |  |

UBS (Lux) Equity SICAV – European High Dividend (EUR) Semi-Annual Report as of 30 November 2020

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| Germany | 18.75 |
| --- | --- |
| United Kingdom | 17.62 |
| France | 14.11 |
| Switzerland | 12.74 |
| Sweden | 8.64 |
| Spain | 6.51 |
| Finland | 4.99 |
| Norway | 4.98 |
| Italy | 3.33 |
| The Netherlands | 2.78 |
| Denmark | 1.69 |
| Australia | 1.01 |
| Belgium | 0.97 |
| Ireland | 0.96 |
| Total | 99.08 |

Economic Breakdown as a % of net assets	
| Insurance | 11.80 |
| --- | --- |
| Pharmaceuticals, cosmetics & medical products | 11.04 |
| Energy & water supply | 8.70 |
| Telecommunications | 7.63 |
| Petroleum | 7.08 |
| Chemicals | 5.09 |
| Food & soft drinks | 4.47 |
| Building industry & materials | 4.06 |
| Finance & holding companies | 3.93 |
| Mechanical engineering & industrial equipment | 3.69 |
| Retail trade, department stores | 3.05 |
| Tobacco & alcohol | 3.00 |
| Real Estate | 2.98 |
| Mining, coal & steel | 2.10 |
| Non-ferrous metals | 2.06 |
| Agriculture & fishery | 2.05 |
| Electrical devices & components | 1.95 |
| Textiles, garments & leather goods | 1.88 |
| Miscellaneous consumer goods | 1.77 |
| Miscellaneous services | 1.08 |
| Rubber & tyres | 1.06 |
| Vehicles | 1.04 |
| Forestry, paper & pulp products | 1.03 |
| Various capital goods | 0.99 |
| Internet, software & IT services | 0.98 |
| Banks & credit institutions | 0.98 |
| Traffic & transportation | 0.95 |
| Lodging, catering & leisure | 0.91 |
| Healthcare & social services | 0.88 |
| Electronics & semiconductors | 0.85 |
| Total | 99.08 |


## Statement of Net Assets
Assets	30.11.2020
EUR
Investments in securities, cost	198 607 896.10
| Investments in securities, unrealized appreciation (depreciation) | 	5 369 597.39	 |
| --- | --- |
| Total investments in securities (Note 1) | 203 977 493.49 |
| Cash at banks, deposits on demand and deposit accounts | 1 359 881.65 |
| Receivable on subscriptions | 37 208.18 |
| Interest receivable on liquid assets | 494.24 |
| Receivable on dividends | 290 869.58 |
| Other receivables | 550 243.60 |
| Total Assets | 206 216 190.74 |
|  |  |
| Liabilities |  |
| Unrealized loss on forward foreign exchange contracts (Note 1) | -38 891.52 |
| Interest payable on bank overdraft | -5.56 |
| Payable on redemptions | -214 528.12 |
| Provisions for flat fee (Note 2) | -75 508.70 |
| Provisions for taxe d’abonnement (Note 3) | -12 731.71 |
| Provisions for other commissions and fees (Note 2) | 	-11 505.63	 |
| Total provisions | -99 746.04 |
| Total Liabilities | -353 171.24 |
|  |  |
| Net assets at the end of the period | 205 863 019.50 |
| Statement of Operations | EUR |
| Income | 1.6.2020-30.11.2020 |
| Interest on liquid assets | 494.24 |
| Dividends | 3 048 656.14 |
| Income on securities lending (Note 14) | 77 135.25 |
| Other income (Note 4) | 4 496.66 |
| Total income | 3 130 782.29 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -939 831.37 |
| Taxe d’abonnement (Note 3) | -38 675.53 |
| Cost on securities lending (Note 14) | -30 854.10 |
| Other commissions and fees (Note 2) | -12 348.57 |
| Interest on cash and bank overdraft | -1 045.24 |
| Total expenses | -1 022 754.81 |
|  |  |
| Net income (loss) on investments | 2 108 027.48 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | -6 638 577.87 |
| Realized gain (loss) on forward foreign exchange contracts | -631 018.09 |
| Realized gain (loss) on foreign exchange | -150 417.99 |
| Total realized gain (loss) | -7 420 013.95 |
|  |  |
| Net realized gain (loss) of the period | -5 311 986.47 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 23 538 982.97 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | 392 267.99 |
| Total changes in unrealized appreciation (depreciation) | 23 931 250.96 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 18 619 264.49 |

UBS (Lux) Equity SICAV – European High Dividend (EUR) Semi-Annual Report as of 30 November 2020
| Changes in Net Assets |  |
| --- | --- |
|  | EUR |
|  | 1.6.2020-30.11.2020 |
| Net assets at the beginning of the period | 207 697 734.51 |
| Subscriptions | 3 161 928.72 |
| Redemptions | 	-22 033 745.35	 |
| Total net subscriptions (redemptions) | -18 871 816.63 |
| Dividend paid | -1 582 162.87 |
| Net income (loss) on investments | 2 108 027.48 |
| Total realized gain (loss) | -7 420 013.95 |
| Total changes in unrealized appreciation (depreciation) | 	23 931 250.96	 |
| Net increase (decrease) in net assets as a result of operations | 18 619 264.49 |
| Net assets at the end of the period | 205 863 019.50 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2020-30.11.2020 |
| Class | N-8%-mdist |
| Number of shares outstanding at the beginning of the period | 87 841.4330 |
| Number of shares issued | 2 455.8280 |
| Number of shares redeemed | -10 255.8510 |
| Number of shares outstanding at the end of the period | 80 041.4100 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 345 925.7710 |
| Number of shares issued | 8 651.9080 |
| Number of shares redeemed | -35 727.1190 |
| Number of shares outstanding at the end of the period | 318 850.5600 |
| Class | (CHF) P-acc |
| Number of shares outstanding at the beginning of the period | 117 163.7110 |
| Number of shares issued | 3 660.0490 |
| Number of shares redeemed | -7 979.8530 |
| Number of shares outstanding at the end of the period | 112 843.9070 |
| Class | (USD) P-acc |
| Number of shares outstanding at the beginning of the period | 35 626.7240 |
| Number of shares issued | 469.7450 |
| Number of shares redeemed | -3 003.3890 |
| Number of shares outstanding at the end of the period | 33 093.0800 |
| Class | P-dist |
| Number of shares outstanding at the beginning of the period | 136 886.4310 |
| Number of shares issued | 2 182.2200 |
| Number of shares redeemed | -17 903.0600 |
| Number of shares outstanding at the end of the period | 121 165.5910 |
| Class | (CHF hedged) P-dist |
| Number of shares outstanding at the beginning of the period | 123 998.5240 |
| Number of shares issued | 3 063.6680 |
| Number of shares redeemed | -9 648.3110 |
| Number of shares outstanding at the end of the period | 117 413.8810 |
| Class | (GBP) P-dist |
| Number of shares outstanding at the beginning of the period | 22 928.1360 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -1 307.6370 |
| Number of shares outstanding at the end of the period | 21 620.4990 |
| Class | P-mdist |
| Number of shares outstanding at the beginning of the period | 2 112.6920 |
| Number of shares issued | 56.2100 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 2 168.9020 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 125 678.1420 |
| Number of shares issued | 821.1870 |
| Number of shares redeemed | -12 206.8730 |
| Number of shares outstanding at the end of the period | 114 292.4560 |
| Class | (CHF) Q-acc |
| Number of shares outstanding at the beginning of the period | 7 237.4670 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -2 678.6240 |
| Number of shares outstanding at the end of the period | 4 558.8430 |
| Class | (USD) Q-acc |
| Number of shares outstanding at the beginning of the period | 6 853.7390 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -607.0000 |
| Number of shares outstanding at the end of the period | 6 246.7390 |
| Class | Q-dist |
| Number of shares outstanding at the beginning of the period | 46 002.2730 |
| Number of shares issued | 393.0000 |
| Number of shares redeemed | -1 779.2960 |
| Number of shares outstanding at the end of the period | 44 615.9770 |

UBS (Lux) Equity SICAV – European High Dividend (EUR) Semi-Annual Report as of 30 November 2020
| Class |  |  | (CHF hedged) Q-dist |
| --- | --- | --- | --- |
| Number of shares outstanding at the beginning of the period |  |  | 39 844.7250 |
| Number of shares issued |  |  | 0.0000 |
| Number of shares redeemed |  |  | -12 961.8050 |
| Number of shares outstanding at the end of the period |  |  | 26 882.9200 |
| Class |  |  | (GBP) Q-dist |
| Number of shares outstanding at the beginning of the period |  |  | 6 979.6980 |
| Number of shares issued |  |  | 977.8580 |
| Number of shares redeemed |  |  | -190.2910 |
| Number of shares outstanding at the end of the period |  |  | 7 767.2650 |
| Class |  |  | QL-acc |
| Number of shares outstanding at the beginning of the period |  |  | 81 303.2030 |
| Number of shares issued |  |  | 2 938.6240 |
| Number of shares redeemed |  |  | -8 999.3290 |
| Number of shares outstanding at the end of the period |  |  | 75 242.4980 |
| Class |  |  | (CHF) QL-acc |
| Number of shares outstanding at the beginning of the period |  |  | 66 664.9450 |
| Number of shares issued |  |  | 802.1330 |
| Number of shares redeemed |  |  | -29 214.1100 |
| Number of shares outstanding at the end of the period |  |  | 38 252.9680 |
| Class |  |  | (USD) QL-acc |
| Number of shares outstanding at the beginning of the period |  |  | 720.9140 |
| Number of shares issued |  |  | 0.0000 |
| Number of shares redeemed |  |  | 0.0000 |
| Number of shares outstanding at the end of the period |  |  | 720.9140 |
| Class |  |  | QL-dist |
| Number of shares outstanding at the beginning of the period |  |  | 43 686.2580 |
| Number of shares issued |  |  | 1 353.7510 |
| Number of shares redeemed |  |  | -2 547.1280 |
| Number of shares outstanding at the end of the period |  |  | 42 492.8810 |
| Class |  |  | (CHF hedged) QL-dist |
| Number of shares outstanding at the beginning of the period |  |  | 145 699.7220 |
| Number of shares issued |  |  | 1 225.2770 |
| Number of shares redeemed |  |  | -23 047.4670 |
| Number of shares outstanding at the end of the period |  |  | 123 877.5320 |
| Class |  |  | (GBP) QL-dist |
| Number of shares outstanding at the beginning of the period |  |  | 477.2800 |
| Number of shares issued |  |  | 0.0000 |
| Number of shares redeemed |  |  | -275.0000 |
| Number of shares outstanding at the end of the period |  |  | 202.2800 |
| Class |  |  | U-X-acc |
| Number of shares outstanding at the beginning of the period |  |  | 5 445.0000 |
| Number of shares issued |  |  | 0.0000 |
| Number of shares redeemed |  |  | -340.0000 |
| Number of shares outstanding at the end of the period |  |  | 5 105.0000 |
| Annual Distribution 1 |  |  |  |
| UBS (Lux) Equity SICAV – European High Dividend (EUR)	Ex-Date | Pay-Date | Currency | Amount per share |
| P-dist	3.8.2020 | 6.8.2020 | EUR | 3.91 |
| (CHF hedged) P-dist	3.8.2020 | 6.8.2020 | CHF | 3.04 |
| (GBP) P-dist	3.8.2020 | 6.8.2020 | GBP | 2.57 |
| Q-dist	3.8.2020 | 6.8.2020 | EUR | 2.07 |
| (CHF hedged) Q-dist	3.8.2020 | 6.8.2020 | CHF | 2.14 |
| (GBP) Q-dist	3.8.2020 | 6.8.2020 | GBP | 2.60 |
| QL-dist	3.8.2020 | 6.8.2020 | EUR | 1.45 |
| (CHF hedged) QL-dist	3.8.2020 | 6.8.2020 | CHF | 1.48 |
| (GBP) QL-dist	3.8.2020 | 6.8.2020 | GBP | 1.46 |
| Monthly Distribution 1 |  |  |  |
| UBS (Lux) Equity SICAV – European High Dividend (EUR)	Ex-Date | Pay-Date | Currency | Amount per share |
| N-8%-mdist	10.6.2020 | 15.6.2020 | EUR | 0.41 |
| N-8%-mdist	10.7.2020 | 15.7.2020 | EUR | 0.41 |
| N-8%-mdist	10.8.2020 | 13.8.2020 | EUR | 0.41 |
| N-8%-mdist	10.9.2020 | 15.9.2020 | EUR | 0.41 |
| N-8%-mdist	12.10.2020 | 15.10.2020 | EUR | 0.40 |
| N-8%-mdist	10.11.2020 | 13.11.2020 | EUR | 0.38 |
| P-mdist	15.6.2020 | 18.6.2020 | EUR | 0.25 |
| P-mdist	15.7.2020 | 20.7.2020 | EUR | 0.24 |
| P-mdist	17.8.2020 | 20.8.2020 | EUR | 0.24 |
| P-mdist	15.9.2020 | 18.9.2020 | EUR | 0.24 |
| P-mdist	15.10.2020 | 20.10.2020 | EUR | 0.23 |
| P-mdist	16.11.2020 | 19.11.2020 | EUR | 0.22 |
| 1  See note 5 |  |  |  |

UBS (Lux) Equity SICAV – European High Dividend (EUR) Semi-Annual Report as of 30 November 2020

## Statement of Investments in Securities and other Net Assets as of 30 November 2020
| Description | Quantity/ | Valuation in EUR | 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 |  |  |  |
| Bearer shares |  |  |  |
| Belgium |  |  |  |
| EUR	GPE BRUXELLES LAM NPV | 24 558.00 | 2 005 897.44 | 0.97 |
| Total Belgium |  | 2 005 897.44 | 0.97 |
| Finland |  |  |  |
| EUR	KONE CORPORATION NPV ORD ‘B’ | 26 919.00 | 1 892 944.08 | 0.92 |
| Total Finland |  | 1 892 944.08 | 0.92 |
| France |  |  |  |
| EUR	AIR LIQUIDE(L’) EUR5.5 (POST-SUBDIVISION) | 14 651.00 | 2 016 710.15 | 0.98 |
| EUR	AXA EUR2.29 | 119 878.00 | 2 363 035.13 | 1.15 |
| EUR	BOUYGUES EUR1 | 64 462.00 | 2 151 741.56 | 1.04 |
| EUR	DANONE EUR0.25 | 38 150.00 | 2 054 759.00 | 1.00 |
| EUR	HERMES INTL NPV | 2 169.00 | 1 772 940.60 | 0.86 |
| EUR	L’OREAL EUR0.20 | 6 346.00 | 1 946 952.80 | 0.95 |
| EUR	LVMH MOET HENNESSY EUR0.30 | 4 348.00 | 2 099 649.20 | 1.02 |
| EUR	ORANGE EUR4 | 192 531.00 | 2 038 903.29 | 0.99 |
| EUR	PERNOD RICARD EUR1.55 | 12 785.00 | 2 045 600.00 | 0.99 |
| EUR	SANOFI EUR2 | 22 501.00 | 1 906 059.71 | 0.93 |
| EUR	SCHNEIDER ELECTRIC EUR8 | 17 423.00 | 2 032 392.95 | 0.99 |
| EUR	TOTAL SE EUR2.5 | 71 221.00 | 2 551 492.33 | 1.24 |
| EUR	VIVENDI SA EUR5.50 | 74 648.00 | 1 879 636.64 | 0.91 |
| Total France |  | 26 859 873.36 | 13.05 |
| Germany |  |  |  |
| EUR	BAYERISCHE MOTOREN WERKE AG EUR1 | 29 322.00 | 2 141 678.88 | 1.04 |
| EUR	BEIERSDORF AG NPV | 20 369.00 | 1 909 390.06 | 0.93 |
| EUR	DEUTSCHE WOHNEN AG NPV (BR) | 42 637.00 | 1 792 459.48 | 0.87 |
| EUR	FRESENIUS MED CARE NPV | 27 891.00 | 1 966 315.50 | 0.96 |
| EUR	RWE AG (NEU) NPV | 58 882.00 | 2 047 327.14 | 0.99 |
| EUR	SAP AG ORD NPV | 19 819.00 | 2 021 141.62 | 0.98 |
| Total Germany |  | 11 878 312.68 | 5.77 |
| Italy |  |  |  |
| EUR	ASSIC GENERALI SPA EUR1 | 158 152.00 | 2 264 736.64 | 1.10 |
| Total Italy |  | 2 264 736.64 | 1.10 |
| The Netherlands |  |  |  |
| EUR	KON KPN NV EUR0.04 | 754 478.00 | 1 885 440.52 | 0.91 |
| EUR	KONINKLIJKE AHOLD EUR0.01 | 76 100.00 | 1 825 639.00 | 0.89 |
| Total The Netherlands |  | 3 711 079.52 | 1.80 |
| Norway |  |  |  |
| NOK	ORKLA ASA NOK1.25 | 224 569.00 | 1 806 003.43 | 0.88 |
| NOK	YARA INTERNATIONAL NOK1.7 | 58 135.00 | 1 974 367.56 | 0.96 |
| Total Norway |  | 3 780 370.99 | 1.84 |
| Spain |  |  |  |
| EUR	ENDESA SA EUR1.2 | 82 591.00 | 1 979 706.27 | 0.96 |
| EUR	IBERDROLA SA EUR0.75 (POST SUBDIVISION) | 177 749.00 | 2 034 337.31 | 0.99 |
| EUR	INDITEX EUR0.03 (POST SUBD) | 85 176.00 | 2 372 151.60 | 1.15 |
| EUR	NATURGY ENERGY GRO EUR1 | 115 981.00 | 2 242 492.64 | 1.09 |
| EUR	RED ELECTRICA CORP EUR0.5 | 114 763.00 | 1 966 464.01 | 0.96 |
| EUR	REPSOL SA EUR1 | 347 930.00 | 2 803 619.94 | 1.36 |
| Total Spain |  | 13 398 771.77 | 6.51 |
| Sweden |  |  |  |
| SEK	ICA GRUPPEN AB | 43 425.00 | 1 760 402.23 | 0.85 |
| SEK	TELIA COMPANY AB NPV | 565 458.00 | 2 010 328.42 | 0.98 |
| Total Sweden |  | 3 770 730.65 | 1.83 |
| Switzerland |  |  |  |
| CHF	SWISS RE AG CHF0.10 | 30 600.00 | 2 345 891.04 | 1.14 |
| Total Switzerland |  | 2 345 891.04 | 1.14 |
| United Kingdom |  |  |  |
| GBP	ASTRAZENECA ORD USD0.25 | 21 241.00 | 1 850 297.66 | 0.90 |
| GBP	BRIT AMER TOBACCO ORD GBP0.25 | 64 855.00 | 1 910 552.01 | 0.93 |
| GBP	BRITISH LAND CO PLC REIT | 467 136.00 | 2 459 251.51 | 1.19 |
| GBP	HALMA ORD GBP0.10 | 70 530.00 | 1 744 365.04 | 0.85 |
| GBP	NATIONAL GRID ORD GBP0.12431289 | 180 749.00 | 1 711 473.97 | 0.83 |
| GBP	RECKITT BENCK GRP ORD GBP0.10 | 24 015.00 | 1 764 680.74 | 0.86 |
| GBP	SSE PLC ORD GBP0.50 | 133 725.00 | 2 001 405.63 | 0.97 |
| Total United Kingdom |  | 13 442 026.56 | 6.53 |
| Total Bearer shares |  | 85 350 634.73 | 41.46 |
| Participation certificates |  |  |  |
| Switzerland |  |  |  |
| CHF	SCHINDLER-HLDG AG PTG CERT CHF0.10(POST-SUBD) | 7 920.00 | 1 813 763.02 | 0.88 |
| Total Switzerland |  | 1 813 763.02 | 0.88 |
| Total Participation certificates |  | 1 813 763.02 | 0.88 |

UBS (Lux) Equity SICAV – European High Dividend (EUR) Semi-Annual Report as of 30 November 2020
| Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Other shares |  |  |  |
| Switzerland |  |  |  |
| CHF	ROCHE HLDGS AG GENUSSCHEINE NPV | 6 568.00 | 1 813 763.39 | 0.88 |
| Total Switzerland |  | 1 813 763.39 | 0.88 |
| Total Other shares |  | 1 813 763.39 | 0.88 |
| Preference shares |  |  |  |
| Germany |  |  |  |
| EUR	HENKEL AG&CO. KGAA NON-VTG PRF NPV	20 913.00 | 1 887 189.12 | 0.92 |
| Total Germany | 1 887 189.12 | 0.92 |
| Total Preference shares | 1 887 189.12 | 0.92 |
| Registered shares |  |  |  |
| Australia |  |  |  |  |
| GBP | BHP GROUP PLC ORD USD0.50 | 109 399.00 | 2 073 949.63 | 1.01 |
| Total Australia	2 073 949.63	1.01 |
| Denmark |  |  |  |  |
| DKK | COLOPLAST DKK1 B | 13 751.00 | 1 721 056.23 | 0.83 |
| DKK | NOVO-NORDISK AS DKK0.2 SER’B’ | 31 276.00 | 1 763 524.39 | 0.86 |
| Total Denmark	3 484 580.62	1.69 |
| Finland |  |  |  |  |
| EUR | FORTUM OYJ EUR3.40 | 116 858.00 | 2 244 257.89 | 1.09 |
| EUR | ORION CORP SER’B’NPV | 49 078.00 | 1 936 617.88 | 0.94 |
| EUR | SAMPO PLC SER’A’NPV | 57 311.00 | 2 076 377.53 | 1.01 |
| EUR | UPM-KYMMENE CORP NPV | 76 691.00 | 2 118 205.42 | 1.03 |
| Total Finland	8 375 458.72	4.07 |
| France |  |  |  |  |
| EUR | MICHELIN (CGDE) EUR2 | 20 924.00 | 2 185 511.80 | 1.06 |
| Total France | 2 185 511.80 | 1.06 |
| Germany |  |  |  |  |
| EUR | ALLIANZ SE NPV(REGD)(VINKULIERT) | 11 965.00 | 2 365 001.90 | 1.15 |
| EUR | BASF SE NPV | 38 344.00 | 2 351 637.52 | 1.14 |
| EUR | BAYER AG NPV (REGD) | 43 814.00 | 2 114 901.78 | 1.03 |
| EUR | DEUTSCHE BOERSE AG NPV(REGD) | 14 289.00 | 1 996 887.75 | 0.97 |
| EUR | DEUTSCHE POST AG NPV(REGD) | 48 145.00 | 1 949 872.50 | 0.95 |
| EUR | DEUTSCHE TELEKOM NPV(REGD) | 134 862.00 | 2 038 439.13 | 0.99 |
| EUR | E.ON SE NPV | 204 507.00 | 1 856 105.53 | 0.90 |
| EUR | EVONIK INDUSTRIES NPV | 84 864.00 | 2 147 907.84 | 1.04 |
| EUR | MUENCHENER RUECKVE NPV(REGD) | 9 045.00 | 2 112 912.00 | 1.03 |
| EUR | SIEMENS AG NPV(REGD) | 18 159.00 | 2 033 808.00 | 0.99 |
| EUR | SIEMENS HEALTHINEE NPV | 51 399.00 | 1 981 431.45 | 0.96 |
| EUR | VONOVIA SE NPV | 32 634.00 | 1 875 802.32 | 0.91 |
| Total Germany	24 824 707.72	12.06 |
| Ireland |  |  |  |  |
| EUR | CRH ORD EUR0.32 | 60 328.00 | 1 979 964.96 | 0.96 |
| Total Ireland	1 979 964.96	0.96 |
| Italy |  |  |  |  |
| EUR | ENI SPA EUR1 | 302 393.00 | 2 510 769.08 | 1.22 |
| EUR | SNAM EUR1 | 440 992.00 | 2 073 985.38 | 1.01 |
| Total Italy |  | 4 584 754.46 | 2.23 |
| The Netherlands |  |  |  |
| EUR	NN GROUP N.V. EUR0.12 | 59 518.00 | 2 026 587.90 | 0.98 |
| Total The Netherlands |  | 2 026 587.90 | 0.98 |
| Norway |  |  |  |
| NOK	EQUINOR ASA NOK2.50 | 162 991.00 | 2 156 953.63 | 1.05 |
| NOK	MOWI ASA NOK7.50 | 131 745.00 | 2 239 012.09 | 1.08 |
| NOK	TELENOR ASA ORD NOK6 | 145 223.00 | 2 076 031.09 | 1.01 |
| Total Norway |  | 6 471 996.81 | 3.14 |
| Sweden |  |  |  |
| SEK	ATLAS COPCO AB SER’A’NPV (POST SPLIT) | 47 325.00 | 1 999 945.55 | 0.97 |
| SEK	ATLAS COPCO AB SER’B’NPV (POST SPLIT) | 50 756.00 | 1 879 427.08 | 0.91 |
| SEK	BOLIDEN AB NPV (POST SPLIT) | 77 974.00 | 2 252 942.38 | 1.09 |
| SEK	ERICSSON SER’B’ NPV | 181 804.00 | 1 863 865.87 | 0.91 |
| SEK	INVESTOR AB SER’B’NPV | 35 277.00 | 2 047 520.81 | 1.00 |
| SEK	SWEDBANK AB SER’A’NPV | 132 534.00 | 2 011 489.50 | 0.98 |
| SEK	TELE2 AB SHS | 181 895.00 | 1 961 729.21 | 0.95 |
| Total Sweden |  | 14 016 920.40 | 6.81 |

UBS (Lux) Equity SICAV – European High Dividend (EUR) Semi-Annual Report as of 30 November 2020
| Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Switzerland |  |  |  |
| CHF	ABB LTD CHF0.12 (REGD) | 89 277.00 | 1 976 110.85 | 0.96 |
| CHF	ADECCO GROUP AG CHF0.1 (REGD) | 43 600.00 | 2 215 994.08 | 1.08 |
| CHF	BALOISE-HLDGS CHF0.1(REGD) | 15 032.00 | 2 175 151.17 | 1.06 |
| CHF	EMS-CHEMIE HLDG AG CHF0.01(REGD)(POST RECON) | 2 415.00 | 1 852 083.03 | 0.90 |
| CHF	LAFARGEHOLCIM LTD CHF2 (REGD) | 49 126.00 | 2 162 066.88 | 1.05 |
| CHF	NESTLE SA CHF0.10(REGD) | 19 053.00 | 1 780 171.01 | 0.86 |
| CHF	NOVARTIS AG CHF0.50(REGD) | 27 172.00 | 2 064 271.35 | 1.00 |
| CHF	PARTNERS GROUP HLG CHF0.01 (REGD) | 2 277.00 | 2 050 082.45 | 1.00 |
| CHF	SWISSCOM AG CHF1(REGD) | 4 117.00 | 1 824 844.18 | 0.89 |
| CHF	ZURICH INSURANCE GRP CHF0.10 | 6 316.00 | 2 151 564.94 | 1.04 |
| Total Switzerland |  | 20 252 339.94 | 9.84 |
| United Kingdom |  |  |  |
| GBP	ANGLO AMERICAN USD0.54945 | 89 498.00 | 2 210 989.04 | 1.07 |
| GBP	BP ORD USD0.25 | 836 497.00 | 2 312 045.91 | 1.12 |
| GBP	DIAGEO ORD GBP0.28 101/108 | 68 922.00 | 2 215 358.89 | 1.08 |
| GBP	DIRECT LINE INSURA ORD GBP 0.109090909 | 624 185.00 | 2 060 654.73 | 1.00 |
| GBP	GLAXOSMITHKLINE ORD GBP0.25 | 122 772.00 | 1 877 213.34 | 0.91 |
| GBP	LEGAL & GENERAL GP ORD GBP0.025 | 837 107.00 | 2 360 912.81 | 1.15 |
| GBP	PERSIMMON ORD GBP0.10 | 69 893.00 | 2 071 836.53 | 1.01 |
| GBP	RIO TINTO ORD GBP0.10 | 37 562.00 | 2 026 511.57 | 0.98 |
| GBP	SMITH & NEPHEW ORD USD0.20 | 112 048.00 | 1 814 534.60 | 0.88 |
| GBP	TESCO ORD GBP0.05 | 818 309.00 | 2 073 179.56 | 1.01 |
| GBP	UNILEVER PLC ORD GBP0.031111 | 35 521.00 | 1 812 133.29 | 0.88 |
| Total United Kingdom |  | 22 835 370.27 | 11.09 |
| Total Registered shares |  | 113 112 143.23 | 54.94 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 203 977 493.49 | 99.08 |
| Total investments in securities |  | 203 977 493.49 | 99.08 |
| Forward Foreign Exchange contracts |  |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| CHF | 26 990 300.00 | EUR | 24 970 972.38 | 21.1.2021 | -38 328.74 | -0.02 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 214 400.00 | EUR | 198 617.59 | 21.1.2021 | -562.78 | 0.00 |
| Total Forward Foreign Exchange contracts | -38 891.52 | -0.02 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 1 359 881.65 | 0.66 |
| Other assets and liabilities | 564 535.88 | 0.28 |
| Total net assets | 205 863 019.50 | 100.00 |

UBS (Lux) Equity SICAV – European High Dividend (EUR) Semi-Annual Report as of 30 November 2020

Translation (ENDE, 2020-11-30):
# UBS (Lux) Equity SICAV
– Asian Smaller Companies (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| Nettovermögen in USD |  | 227 636 081.74 | 103 990 238.46 | 52 350 975.75 |
| Klasse I-A1-acc 1 | LU1306439735 |  |  |  |
| Aktien im Umlauf |  | 67 344.0000 | 52 540.0000 | - |
| Nettoinventarwert pro Aktie in USD |  | 154.21 | 121.83 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 154.21 | 121.83 | - |
| Klasse I-A3-acc 3 | LU2231704557 |  |  |  |
| Aktien im Umlauf |  | 7 346.8350 | - | - |
| Nettoinventarwert pro Aktie in USD |  | 105.47 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 105.47 | - | - |
| Klasse I-B-acc 4 | LU0794919935 |  |  |  |
| Aktien im Umlauf |  | - | - | 60 597.2870 |
| Nettoinventarwert pro Aktie in USD |  | - | - | 100.40 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | - | - | 100.40 |
| Klasse I-B-dist 5 | LU2097431832 |  |  |  |
| Aktien im Umlauf |  | 5 589.2870 | 2 598.0120 | - |
| Nettoinventarwert pro Aktie in USD |  | 12 504.62 | 9 934.35 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 12 504.62 | 9 934.35 | - |
| Klasse P-acc | LU0746413003 |  |  |  |
| Aktien im Umlauf |  | 483 026.0490 | 255 335.4690 | 198 640.5490 |
| Nettoinventarwert pro Aktie in USD |  | 251.78 | 199.94 | 172.09 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 251.78 | 199.94 | 172.09 |
| Klasse Q-acc | LU1240781994 |  |  |  |
| Aktien im Umlauf |  | 127 588.6370 | 133 970.2200 | 91 492.2720 |
| Nettoinventarwert pro Aktie in USD |  | 195.69 | 154.73 | 132.06 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 195.69 | 154.73 | 132.06 |
| 1  Erste NAV 30.3.2020 2  Erste NAV 5.10.2020 3  Siehe Erläuterung 1 4  Für die Periode vom 25.9.2018 bis zum 7.2.2020 war die Aktienklasse 5  Erste NAV 24.1.2020 | I-B-acc im Umlauf |  |  |  |


## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Südkorea | 21.82 |
| --- | --- |
| Taiwan | 16.75 |
| Hongkong | 15.86 |
| China | 12.68 |
| Indien | 11.81 |
| Thailand | 6.31 |
| Singapur | 5.55 |
| Philippinen | 2.40 |
| Malaysia | 1.60 |
| Total | 94.78 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
Elektronik & Halbleiter	11.77
Fahrzeuge	9.03
Elektrische Geräte & Komponenten	8.40
Internet, Software & IT-Dienste	8.29
Pharmazeutik, Kosmetik & medizinische Produkte	7.08
Maschinen & Apparate	6.10
Gastgewerbe & Freizeit	6.02
Nahrungsmittel & Softdrinks	5.21
Chemie	4.82
Textilien, Kleidung & Lederwaren	4.72
Finanz- & Beteiligungsgesellschaften	4.25
Detailhandel, Warenhäuser	4.00
Diverse nicht klassierte Gesellschaften	2.87
Diverse Handelsfirmen	2.77
Immobilien	1.91
Versicherungen	1.81
Erdöl	1.19
Photo & Optik	1.13
Energie- & Wasserversorgung	0.99
Diverse Konsumgüter	0.95
Biotechnologie	0.83
Diverse Dienstleistungen	0.64
UBS (Lux) Equity SICAV – Asian Smaller Companies (USD) Halbjahresbericht per 30. November 2020

## Nettovermögensaufstellung
Aktiva	30.11.2020
USD
Wertpapierbestand, Einstandswert	171 217 358.55
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	44 525 315.39	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 215 742 673.94 |
| Bankguthaben, Sicht- und Fristgelder | 11 178 384.16 |
| Forderungen aus Wertpapierverkäufen (Erläuterung 1) | 250 582.52 |
| Forderungen aus Zeichnungen | 1 884 855.08 |
| Forderungen aus Dividenden | 6 809.04 |
| Sonstige Forderungen | 61 280.75 |
| Total Aktiva | 229 124 585.49 |
|  |  |
| Passiva |  |
| Kontokorrentkredit | -79 978.56 |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -687 618.25 |
| Verbindlichkeiten aus Rücknahmen | -285 392.49 |
| Andere Verbindlichkeiten | -296 260.63 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -115 826.70 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -13 493.12 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-9 934.00	 |
| Total Rückstellungen für Aufwendungen | -139 253.82 |
| Total Passiva | -1 488 503.75 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 227 636 081.74 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 1.6.2020-30.11.2020 |
| Dividenden | 1 239 565.59 |
| Erträge aus Securities Lending (Erläuterung 14) | 51 304.15 |
| Sonstige Erträge (Erläuterung 4) | 250 444.06 |
| Total Erträge | 1 541 313.80 |
|  |  |
| Aufwendungen |  |
| Pauschale Verwaltungskommission (Erläuterung 2) | -1 117 210.32 |
| Abonnementsabgabe (Erläuterung 3) | -38 151.10 |
| Kosten aus Securities Lending (Erläuterung 14) | -20 521.66 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -9 772.18 |
| Zinsaufwand aus liquiden Mitteln und Kontokorrentkredit | -8 019.67 |
| Total Aufwendungen | -1 193 674.93 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | 347 638.87 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 3 683 365.40 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | -1 911.09 |
| Realisierter Währungsgewinn (-verlust) | -82 456.13 |
| Total der realisierten Gewinne (Verluste) | 3 598 998.18 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | 3 946 637.05 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 29 377 368.10 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 29 377 368.10 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 33 324 005.15 |

UBS (Lux) Equity SICAV – Asian Smaller Companies (USD) Halbjahresbericht per 30. November 2020
| Veränderung des Nettovermögens |  |
| --- | --- |
|  |  | USD |
|  |  | 1.6.2020-30.11.2020 |
| Nettovermögen zu Beginn der Berichtsperiode |  | 103 990 238.46 |
| Zeichnungen |  | 109 439 357.15 |
| Rücknahmen |  | 	-18 829 976.17	 |
| Total Mittelzufluss (-abfluss) |  | 90 609 380.98 |
| Ausbezahlte Dividende |  | -287 542.85 |
| Nettoerträge (-verluste) aus Anlagen |  | 347 638.87 |
| Total der realisierten Gewinne (Verluste) |  | 3 598 998.18 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) |  | 	29 377 368.10	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit |  | 33 324 005.15 |
| Nettovermögen am Ende der Berichtsperiode |  | 227 636 081.74 |
| Entwicklung der Aktien im Umlauf |  |  |
|  |  | 1.6.2020-30.11.2020 |
| Klasse |  | I-A1-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 52 540.0000 |
| Anzahl der ausgegebenen Aktien |  | 29 025.6610 |
| Anzahl der zurückgegebenen Aktien |  | -14 221.6610 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 67 344.0000 |
| Klasse |  | I-A3-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 0.0000 |
| Anzahl der ausgegebenen Aktien |  | 20 899.6290 |
| Anzahl der zurückgegebenen Aktien |  | -13 552.7940 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 7 346.8350 |
| Klasse |  | I-B-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 2 598.0120 |
| Anzahl der ausgegebenen Aktien |  | 2 991.2750 |
| Anzahl der zurückgegebenen Aktien |  | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 5 589.2870 |
| Klasse |  | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 255 335.4690 |
| Anzahl der ausgegebenen Aktien |  | 283 747.7640 |
| Anzahl der zurückgegebenen Aktien |  | -56 057.1840 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 483 026.0490 |
| Klasse |  | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 133 970.2200 |
| Anzahl der ausgegebenen Aktien |  | 6 008.2150 |
| Anzahl der zurückgegebenen Aktien |  | -12 389.7980 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 127 588.6370 |
| Jährliche Ausschüttung 1 |  |  |
| UBS (Lux) Equity SICAV – Asian Smaller Companies (USD)	Ex-Date | Pay-Date | Währung	Betrag pro Aktie |
| I-B-dist	3.8.2020 | 6.8.2020 | USD	110.74 |
| 1  Siehe Erläuterung 5 |  |  |

UBS (Lux) Equity SICAV – Asian Smaller Companies (USD) Halbjahresbericht per 30. November 2020

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. November 2020
| 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 |  |  |  |
| Inhaberaktien |  |  |  |
| China |  |  |  |
| HKD	CHINA MEIDONG AUTO HKD0.1 | 2 376 000.00 | 10 299 448.48 | 4.53 |
| CNY	EVE ENERGY CO LTD ‘A’CNY1 | 230 419.00 | 2 257 911.57 | 0.99 |
| CNY	JOYOUNG CO. LTD. ‘A’CNY1 | 434 438.00 | 2 155 623.51 | 0.95 |
| HKD	PACIFIC TEXTILES H HKD0.001 | 3 535 000.00 | 2 435 336.23 | 1.07 |
| CNY	SHANDONG SINOCERA ‘A’CNY1 | 456 500.00 | 2 627 118.59 | 1.15 |
| CNY	TONGKUN GROUP CO L ‘A’CNY1 | 934 811.00 | 2 799 235.03 | 1.23 |
| Total China |  | 22 574 673.41 | 9.92 |
| Hongkong |  |  |  |
| HKD	CAFE DE CORAL HLDG HKD0.10 | 1 240 000.00 | 2 671 569.11 | 1.17 |
| HKD	CHINA EVERBRIGHT HKD1 | 1 440 000.00 | 2 076 981.13 | 0.91 |
| HKD	CHINA JINMAO HOLDI NPV | 6 654 000.00 | 3 425 184.33 | 1.50 |
| HKD	FAR EAST HORIZON L HKD0.01 | 3 334 000.00 | 3 539 921.95 | 1.56 |
| HKD	LI NING CO LTD HKD0.1 | 699 500.00 | 3 790 227.38 | 1.66 |
| HKD	MINTH GRP HKD0.1 | 910 000.00 | 4 519 916.15 | 1.99 |
| HKD	SHANGRI-LA ASIA HKD1 | 2 616 000.00 | 2 389 457.18 | 1.05 |
| HKD	SHN INTL HLDGS HKD1 | 2 460 500.00 | 4 044 092.24 | 1.78 |
| HKD	SSY GROUP LIMITED HKD0.02 | 6 274 000.00 | 3 836 640.54 | 1.69 |
| HKD	TECHTRONIC INDUSTR HKD0.1 | 453 000.00 | 5 806 231.25 | 2.55 |
| Total Hongkong |  | 36 100 221.26 | 15.86 |
| Indien |  |  |  |
| INR	BAJAJ FINSERV LTD INR5 | 34 762.00 | 4 111 380.30 | 1.80 |
| INR	COLGATE-PALM (IND) INR1.00 | 125 510.00 | 2 565 407.89 | 1.13 |
| INR	GODREJ CONSUMER PR INR1 | 406 361.00 | 3 839 663.92 | 1.69 |
| INR	MARICO LTD INR1 | 432 045.00 | 2 145 165.97 | 0.94 |
| INR	SRF LIMITED INR10 | 35 460.00 | 2 458 121.09 | 1.08 |
| INR	TECH MAHINDRA INR5 | 261 461.00 | 3 095 782.99 | 1.36 |
| INR	ZEE ENTERTAINMENT ENTERPRISES LIMITED INR1 | 990 467.00 | 2 577 939.27 | 1.13 |
| Total Indien |  | 20 793 461.43 | 9.13 |
| Malaysia |  |  |  |
| MYR	PENTAMASTER CORP MYR0.5 | 3 001 100.00 | 3 646 402.80 | 1.60 |
| Total Malaysia |  | 3 646 402.80 | 1.60 |
| Philippinen |  |  |  |
| PHP	CENTURY PACIFIC FO PHP1 | 5 552 500.00 | 2 025 600.04 | 0.89 |
| PHP	JOLLIBEE FOODS PHP1 | 687 770.00 | 2 703 588.40 | 1.19 |
| PHP	PHILIPPINE SEVEN PHP1 | 319 085.00 | 723 383.22 | 0.32 |
| Total Philippinen |  | 5 452 571.66 | 2.40 |
| Singapur |  |  |  |
| SGD	AEM HOLDINGS LTD NPV (POST SPLIT) | 1 260 100.00 | 3 345 565.03 | 1.47 |
| SGD	NANOFILM TECHNOLOGIES INTERNATIONAL LTD | 1 309 200.00 | 3 133 228.63 | 1.38 |
| SGD	VENTURE CORP LTD SGD0.25 | 436 600.00 | 6 148 513.95 | 2.70 |
| Total Singapur |  | 12 627 307.61 | 5.55 |
| Südkorea |  |  |  |
| KRW	AMICOGEN CO LTD KRW500 | 64 514.00 | 1 923 963.82 | 0.85 |
| KRW	COSMAX INC (NEW) KRW500 | 32 616.00 | 2 809 005.51 | 1.23 |
| KRW	DONGJIN SEMICHEM C KRW500 | 129 338.00 | 3 605 871.96 | 1.59 |
| KRW	DOUZONE BIZON CO L KRW500 | 25 541.00 | 2 435 114.29 | 1.07 |
| KRW	ENF TECHNOLOGY CO KRW500 | 51 929.00 | 1 895 921.35 | 0.83 |
| KRW	HANSOL CHEMICAL CO KRW5000 | 33 650.00 | 4 743 934.22 | 2.08 |
| KRW	INCROSS CO LTD KRW500 | 163 062.00 | 7 316 460.12 | 3.21 |
| KRW	KINX INC KRW500 | 40 841.00 | 2 679 550.71 | 1.18 |
| KRW	LEENO INDUSTRIAL KRW500 | 21 665.00 | 2 392 538.26 | 1.05 |
| KRW	S&S TECH CORPORATI KRW500 | 201 088.00 | 8 195 806.35 | 3.60 |
| KRW	SEOJIN SYSTEM CO L KRW500 | 91 564.00 | 3 967 732.27 | 1.74 |
| KRW	VITZROCELL CO LTD KRW500 | 185 707.00 | 2 769 116.39 | 1.22 |
| Total Südkorea |  | 44 735 015.25 | 19.65 |
| Taiwan |  |  |  |
| TWD	CHAILEASE HOLDING TWD10 | 1 195 740.00 | 6 544 529.08 | 2.88 |
| TWD	CHIN-POON INDL TWD10 | 1 831 000.00 | 1 991 439.35 | 0.87 |
| TWD	GLOBAL PMX CO LTD TWD10 | 945 000.00 | 6 382 334.88 | 2.80 |
| TWD	KUNG LONG BATTERIE TWD10 | 643 000.00 | 3 158 319.45 | 1.39 |
| TWD	MACRONIX INTERNATL TWD10 | 1 626 000.00 | 2 196 333.66 | 0.96 |
| TWD	MAKALOT INDUSTRIAL TWD10 | 471 000.00 | 3 048 837.82 | 1.34 |
| TWD	NIEN MADE ENTERPRI TWD10 | 323 000.00 | 3 813 332.16 | 1.68 |
| Total Taiwan |  | 27 135 126.40 | 11.92 |
| Total Inhaberaktien |  | 173 064 779.82 | 76.03 |
| Namensaktien |  |  |  |
| China |  |  |  |
| HKD	ALPHMAB ONCOLOGY USD0.000002 | 641 324.00 | 1 255 964.95 | 0.55 |
| HKD	EXCELLENCE COML PT HKD0.01 | 722 000.00 | 931 462.67 | 0.41 |
| HKD	YIHAI INTERNATIONA USD0.00001 | 349 000.00 | 4 090 520.88 | 1.80 |
| Total China |  | 6 277 948.50 | 2.76 |

UBS (Lux) Equity SICAV – Asian Smaller Companies (USD) Halbjahresbericht per 30. November 2020
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Indien |  |  |  |  |
| INR | CROMPTON GREAVES C INR2 | 680 692.00 | 2 806 181.37 | 1.23 |
| INR | EICHER MOTORS INR1 | 95 953.00 | 3 286 744.56 | 1.45 |
| Total Indien | 6 092 925.93 | 2.68 |
| Südkorea |  |  |  |  |
| KRW | HAIMARROW FOOD KRW100 | 960 582.00 | 2 482 729.87 | 1.09 |
| KRW | MANDO CORPORATION KRW1000 | 56 064.00 | 2 457 280.93 | 1.08 |
| Total Südkorea	4 940 010.80	2.17 |
| Taiwan |  |  |  |  |
| TWD | CHIEF TELECOM INC TWD10 | 251 000.00 | 3 346 373.13 | 1.47 |
| TWD | PEGAVISION CORPORA TWD10 | 341 000.00 | 3 056 766.95 | 1.34 |
| Total Taiwan | 6 403 140.08 | 2.81 |
| Thailand |  |  |  |  |
| THB | OSOTSPA PCL THB1 (ALIEN) | 2 150 400.00 | 2 594 697.53 | 1.14 |
| THB | STARK CORPORATION THB0.5 (ALIEN) | 64 013 200.00 | 3 851 372.70 | 1.69 |
| Total Thailand |  | 6 446 070.23 | 2.83 |
| Total Namensaktien |  | 30 160 095.54 | 13.25 |
| Depository Receipts |  |  |  |
| Thailand |  |  |  |
| THB	PTT GLOBAL CHEMICA THB10(NVDR) | 1 430 300.00 | 2 706 931.41 | 1.19 |
| THB	R&B FOOD SUPPLY PC THB1 (NVDR) | 6 119 500.00 | 1 921 826.45 | 0.84 |
| THB	SIAM WELLNESS GP THB0.25(NVDR) | 7 919 550.00 | 1 845 713.31 | 0.81 |
| THB	UNION AUCTION THB0.25(NVDR) | 3 843 800.00 | 1 448 572.56 | 0.64 |
| Total Thailand | 7 923 043.73 | 3.48 |
| Total Depository Receipts | 7 923 043.73 | 3.48 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 211 147 919.09 | 92.76 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Inhaberaktien |  |  |
| Taiwan |  |  |
| TWD	POYA INTERNATIONAL TWD10	219 000.00 | 4 594 754.85 | 2.02 |
| Total Taiwan | 4 594 754.85 | 2.02 |
| Total Inhaberaktien | 4 594 754.85 | 2.02 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden | 4 594 754.85 | 2.02 |
| Total des Wertpapierbestandes | 215 742 673.94 | 94.78 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 11 178 384.16 | 4.91 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -79 978.56 | -0.04 |
| Andere Aktiva und Passiva | 795 002.20 | 0.35 |
| Total des Nettovermögens | 227 636 081.74 | 100.00 |

UBS (Lux) Equity SICAV – Asian Smaller Companies (USD) Halbjahresbericht per 30. November 2020