# UBS (Lux) Strategy SICAV
– Systematic Allocation Portfolio Medium (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Net assets in USD |  | 2 331 541 245.56 | 2 120 118 601.72 | 1 848 301 354.25 |
| Class K-1-4%-mdist | LU1717044132 |  |  |  |
| Shares outstanding |  | 7.6000 | 5.3000 | 0.8000 |
| Net asset value per share in USD |  | 5 035 038.68 | 4 899 382.39 | 4 991 201.65 |
| Issue and redemption price per share in USD 1 |  | 5 035 038.68 | 4 899 382.39 | 4 987 208.69 |
| Class (EUR hedged) K-1-4%-mdist | LU1629324036 |  |  |  |
| Shares outstanding |  | 3.5000 | 3.5000 | 3.3000 |
| Net asset value per share in EUR |  | 2 911 703.93 | 2 871 542.99 | 3 012 918.24 |
| Issue and redemption price per share in EUR 1 |  | 2 911 703.93 | 2 871 542.99 | 3 010 507.91 |
| Class K-1-acc | LU1616912835 |  |  |  |
| Shares outstanding |  | 21.9000 | 20.9000 | 27.1000 |
| Net asset value per share in USD |  | 5 634 144.63 | 5 373 622.91 | 5 258 801.82 |
| Issue and redemption price per share in USD 1 |  | 5 634 144.63 | 5 373 622.91 | 5 254 594.78 |
| Class (CHF hedged) K-1-acc | LU1622991237 |  |  |  |
| Shares outstanding |  | 0.5000 | 0.7000 | 0.8000 |
| Net asset value per share in CHF |  | 5 241 265.70 | 5 076 001.00 | 5 132 791.75 |
| Issue and redemption price per share in CHF 1 |  | 5 241 265.70 | 5 076 001.00 | 5 128 685.52 |
| Class (EUR hedged) K-1-acc | LU1622991153 |  |  |  |
| Shares outstanding |  | 3.4000 | 4.7000 | 2.9000 |
| Net asset value per share in EUR |  | 3 194 538.67 | 3 087 926.94 | 3 112 505.75 |
| Issue and redemption price per share in EUR 1 |  | 3 194 538.67 | 3 087 926.94 | 3 110 015.75 |
| Class P-4%-mdist | LU1599187181 |  |  |  |
| Shares outstanding |  | 2 090 996.4600 | 2 117 416.0230 | 2 207 988.1100 |
| Net asset value per share in USD |  | 101.85 | 99.32 | 101.61 |
| Issue and redemption price per share in USD 1 |  | 101.85 | 99.32 | 101.53 |
| Class (HKD) P-4%-mdist | LU1647379426 |  |  |  |
| Shares outstanding |  | 448 379.0030 | 462 432.4010 | 826 929.1100 |
| Net asset value per share in HKD |  | 1 010.10 | 986.79 | 1 010.46 |
| Issue and redemption price per share in HKD 1 |  | 1 010.10 | 986.79 | 1 009.65 |
| Class P-acc | LU1599186969 |  |  |  |
| Shares outstanding |  | 5 898 082.2090 | 5 559 346.9120 | 5 282 863.6010 |
| Net asset value per share in USD |  | 112.07 | 107.15 | 105.36 |
| Issue and redemption price per share in USD 1 |  | 112.07 | 107.15 | 105.28 |
| Class (HKD) P-acc | LU1603467017 |  |  |  |
| Shares outstanding |  | 526 843.1010 | 555 478.3460 | 602 930.7880 |
| Net asset value per share in HKD |  | 1 125.89 | 1 078.16 | 1 060.69 |
| Issue and redemption price per share in HKD 1 |  | 1 125.89 | 1 078.16 | 1 059.84 |
| Class (AUD hedged) P-acc | LU1603467363 |  |  |  |
| Shares outstanding |  | 714 621.6530 | 595 848.9110 | 444 770.4440 |
| Net asset value per share in AUD |  | 111.16 | 106.94 | 105.50 |
| Issue and redemption price per share in AUD 1 |  | 111.16 | 106.94 | 105.42 |
| Class (CAD hedged) P-acc | LU1603467108 |  |  |  |
| Shares outstanding |  | 447 035.6320 | 448 319.5320 | 352 885.4540 |
| Net asset value per share in CAD |  | 110.09 | 105.65 | 104.73 |
| Issue and redemption price per share in CAD 1 |  | 110.09 | 105.65 | 104.65 |
| Class (CHF hedged) P-acc | LU1599187264 |  |  |  |
| Shares outstanding |  | 2 165 402.3360 | 2 077 072.9020 | 1 056 850.3320 |
| Net asset value per share in CHF |  | 104.17 | 101.12 | 102.75 |
| Issue and redemption price per share in CHF 1 |  | 104.17 | 101.12 | 102.67 |
| Class (EUR hedged) P-acc | LU1599187421 |  |  |  |
| Shares outstanding |  | 2 099 340.2570 | 2 149 396.9750 | 1 910 539.4430 |
| Net asset value per share in EUR |  | 105.13 | 101.87 | 103.17 |
| Issue and redemption price per share in EUR 1 |  | 105.13 | 101.87 | 103.09 |
| Class (GBP hedged) P-acc | LU1611257418 |  |  |  |
| Shares outstanding |  | 446 725.5240 | 346 984.7990 | 177 943.8080 |
| Net asset value per share in GBP |  | 108.03 | 104.04 | 104.15 |
| Issue and redemption price per share in GBP 1 |  | 108.03 | 104.04 | 104.07 |
| Class (SGD hedged) P-acc | LU1599187777 |  |  |  |
| Shares outstanding |  | 462 923.3530 | 436 591.7930 | 564 055.1380 |
| Net asset value per share in SGD |  | 110.42 | 105.87 | 104.80 |
| Issue and redemption price per share in SGD 1 |  | 110.42 | 105.87 | 104.72 |
| Class Q-4%-mdist 2 | LU1895574181 |  |  |  |
| Shares outstanding |  | 260 962.1920 | 179 020.0620 | - |
| Net asset value per share in USD |  | 105.00 | 102.01 | - |
| Issue and redemption price per share in USD 1 |  | 105.00 | 102.01 | - |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Semi-Annual Report as of 30 November 2019
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class (HKD) Q-4%-mdist 3 | LU1891428119 |  |  |  |
| Shares outstanding |  | 87 336.8630 | 80 633.6330 | - |
| Net asset value per share in HKD |  | 1 049.03 | 1 021.00 | - |
| Issue and redemption price per share in HKD 1 |  | 1 049.03 | 1 021.00 | - |
| Class Q-acc | LU1599187009 |  |  |  |
| Shares outstanding |  | 1 520 944.7560 | 1 172 458.7630 | 523 933.5920 |
| Net asset value per share in USD |  | 114.19 | 108.76 | 106.16 |
| Issue and redemption price per share in USD 1 |  | 114.19 | 108.76 | 106.08 |
| Class (HKD) Q-acc 3 | LU1891428465 |  |  |  |
| Shares outstanding |  | 17 810.6610 | 16 415.1520 | - |
| Net asset value per share in HKD |  | 1 090.97 | 1 040.84 | - |
| Issue and redemption price per share in HKD 1 |  | 1 090.97 | 1 040.84 | - |
| Class (CAD hedged) Q-acc 2 | LU1891428895 |  |  |  |
| Shares outstanding |  | 79 215.9930 | 63 607.7480 | - |
| Net asset value per share in CAD |  | 108.26 | 103.50 | - |
| Issue and redemption price per share in CAD 1 |  | 108.26 | 103.50 | - |
| Class (CHF hedged) Q-acc | LU1599187348 |  |  |  |
| Shares outstanding |  | 790 352.6450 | 776 353.9840 | 504 840.5020 |
| Net asset value per share in CHF |  | 106.14 | 102.66 | 103.53 |
| Issue and redemption price per share in CHF 1 |  | 106.14 | 102.66 | 103.45 |
| Class (EUR hedged) Q-acc | LU1599187694 |  |  |  |
| Shares outstanding |  | 919 826.7130 | 940 295.5580 | 759 318.9420 |
| Net asset value per share in EUR |  | 107.12 | 103.41 | 103.94 |
| Issue and redemption price per share in EUR 1 |  | 107.12 | 103.41 | 103.86 |
| Class (GBP hedged) Q-acc | LU1616912595 |  |  |  |
| Shares outstanding |  | 116 639.8900 | 81 089.3390 | 57 729.8840 |
| Net asset value per share in GBP |  | 109.77 | 105.32 | 104.64 |
| Issue and redemption price per share in GBP 1 |  | 109.77 | 105.32 | 104.56 |
| Class (SEK hedged) Q-acc | LU1599187850 |  |  |  |
| Shares outstanding |  | 253 454.5690 | 278 937.2570 | 294 961.8500 |
| Net asset value per share in SEK |  | 745.32 | 718.69 | 721.30 |
| Issue and redemption price per share in SEK 1 |  | 745.32 | 718.69 | 720.72 |
| Class (SGD hedged) Q-acc 2 | LU1891428036 |  |  |  |
| Shares outstanding |  | 330 065.7660 | 220 008.7610 | - |
| Net asset value per share in SGD |  | 108.42 | 103.57 | - |
| Issue and redemption price per share in SGD 1 |  | 108.42 | 103.57 | - |
| 1  See note 1 2  First NAV: 5.11.2018 3  First NAV: 6.11.2018 |  |  |  |  |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD)
Semi-Annual Report as of 30 November 2019

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
Luxembourg	31.32
Ireland	24.24
United States	14.44
Canada	3.90
Japan	3.32
Switzerland	3.03
Germany	3.01
France	2.94
United Kingdom	2.77
The Netherlands	1.88
South Korea	0.98
Supranationals	0.73
Australia	0.71
Spain	0.62
Philippines	0.53
Italy	0.46
Finland	0.35
Qatar	0.34
Norway	0.28
Belgium	0.28
Kuwait	0.28
United Arab Emirates	0.26
Singapore	0.25
Jersey	0.18
Sweden	0.14
Austria	0.10
New Zealand	0.09
Cayman Islands	0.07
British Virgin Islands	0.06
Denmark	0.04
Portugal	0.03
South Africa	0.01
Isle of Man	0.01
Total	97.65
Economic Breakdown as a % of net assets	
Investment funds	51.71
Countries & central governments	7.29
Finance & holding companies	6.86
Banks & credit institutions	6.03
Supranational organisations	3.17
Pharmaceuticals, cosmetics & medical products	2.65
Petroleum	2.01
Internet, software & IT services	1.74
Computer hardware & network equipment providers	1.51
Cantons, federal states	1.31
Food & soft drinks	1.06
Insurance	1.00
Energy & water supply	0.90
Electronics & semiconductors	0.85
Retail trade, department stores	0.84
Chemicals	0.79
Telecommunications	0.72
Tobacco & alcohol	0.69
Vehicles	0.64
Traffic & transportation	0.54
Building industry & materials	0.50
Miscellaneous services	0.47
Miscellaneous consumer goods	0.46
Textiles, garments & leather goods	0.38
Real Estate	0.36
Electrical devices & components	0.34
Mechanical engineering & industrial equipment	0.31
Public, non-profit institutions	0.29
Aerospace industry	0.29
Mortgage & funding institutions	0.23
Graphic design, publishing & media	0.22
Mining, coal & steel	0.19
Biotechnology	0.18
Lodging, catering & leisure	0.17
Miscellaneous trading companies	0.15
Various capital goods	0.15
Non-ferrous metals	0.15
Watches & jewellery	0.11
Precious metals & stones	0.09
Rubber & tyres	0.09
Forestry, paper & pulp products	0.08
Miscellaneous unclassified companies	0.04
Agriculture & fishery	0.04
Healthcare & social services	0.03
Photographic & optics	0.02
Total	97.65
UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Semi-Annual Report as of 30 November 2019

## Statement of Net Assets
Assets	30.11.2019
USD
Investments in securities, cost	2 104 230 831.29
| Investments in securities, unrealized appreciation (depreciation) | 	172 550 370.80	 |
| --- | --- |
| Total investments in securities (Note 1) | 2 276 781 202.09 |
| Cash at banks, deposits on demand and deposit accounts | 41 630 754.77 |
| Other liquid assets (Margins) | 9 380 925.52 |
| Receivable on securities sales (Note 1) | 3 909.41 |
| Receivable on subscriptions | 2 473 287.04 |
| Interest receivable on securities | 3 144 482.46 |
| Receivable on dividends | 933 165.76 |
| Other receivables | 250 234.45 |
| Unrealized gain (loss) on financial futures (Note 1) | 9 540 733.93 |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | 1 701 501.98 |
| Total Assets | 2 345 840 197.41 |
|  |  |
| Liabilities |  |
| Payable on securities purchases (Note 1) | -7 365 492.55 |
| Payable on redemptions | -5 441 120.33 |
| Provisions for flat fee (Note 2) | -1 169 005.24 |
| Provisions for taxe d’abonnement (Note 3) | -131 882.49 |
| Provisions for other commissions and fees (Note 2) | 	-191 451.24	 |
| Total provisions | -1 492 338.97 |
| Total Liabilities | -14 298 951.85 |
|  |  |
| Net assets at the end of the period | 2 331 541 245.56 |
| Statement of Operations | USD |
| Income | 1.6.2019-30.11.2019 |
| Interest on liquid assets | 377 017.61 |
| Interest on securities | 6 232 706.74 |
| Dividends | 3 657 290.09 |
| Income on securities lending (Note 12) | 254 050.95 |
| Other income (Note 4) | 164 622.15 |
| Total income | 10 685 687.54 |
|  |  |
| Expenses |  |
| Cost on securities lending (Note 12) | -101 620.38 |
| Flat fee (Note 2) | -14 689 266.50 |
| Taxe d’abonnement (Note 3) | -398 289.14 |
| Other commissions and fees (Note 2) | -229 991.50 |
| Interest on cash and bank overdraft | -26 506.60 |
| Total expenses | -15 445 674.12 |
|  |  |
| Net income (loss) on investments | -4 759 986.58 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 16 916 622.14 |
| Realized gain (loss) on financial futures | -54 470 305.93 |
| Realized gain (loss) on forward foreign exchange contracts | -7 299 133.24 |
| Realized gain (loss) on swaps | -12.80 |
| Realized gain (loss) on foreign exchange | 5 210 328.59 |
| Total realized gain (loss) | -39 642 501.24 |
|  |  |
| Net realized gain (loss) of the period | -44 402 487.82 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 122 840 130.81 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | 68 654.84 |
| Unrealized appreciation (depreciation) on financial futures | 17 261 272.86 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -5 739 539.58 |
| Total changes in unrealized appreciation (depreciation) | 134 430 518.93 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 90 028 031.11 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (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 | 2 120 118 601.72 |
| Subscriptions | 362 759 685.22 |
| Redemptions | 	-234 586 593.26	 |
| Total net subscriptions (redemptions) | 128 173 091.96 |
| Dividend paid | -6 778 479.23 |
| Net income (loss) on investments | -4 759 986.58 |
| Total realized gain (loss) | -39 642 501.24 |
| Total changes in unrealized appreciation (depreciation) | 	134 430 518.93	 |
| Net increase (decrease) in net assets as a result of operations | 90 028 031.11 |
| Net assets at the end of the period | 2 331 541 245.56 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2019-30.11.2019 |
| Class | K-1-4%-mdist |
| Number of shares outstanding at the beginning of the period | 5.3000 |
| Number of shares issued | 2.3000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 7.6000 |
| Class | (EUR hedged) K-1-4%-mdist |
| Number of shares outstanding at the beginning of the period | 3.5000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 3.5000 |
| Class | K-1-acc |
| Number of shares outstanding at the beginning of the period | 20.9000 |
| Number of shares issued | 1.4000 |
| Number of shares redeemed | -0.4000 |
| Number of shares outstanding at the end of the period | 21.9000 |
| Class | (CHF hedged) K-1-acc |
| Number of shares outstanding at the beginning of the period | 0.7000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -0.2000 |
| Number of shares outstanding at the end of the period | 0.5000 |
| Class | (EUR hedged) K-1-acc |
| Number of shares outstanding at the beginning of the period | 4.7000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -1.3000 |
| Number of shares outstanding at the end of the period | 3.4000 |
| Class | P-4%-mdist |
| Number of shares outstanding at the beginning of the period | 2 117 416.0230 |
| Number of shares issued | 210 976.2830 |
| Number of shares redeemed | -237 395.8460 |
| Number of shares outstanding at the end of the period | 2 090 996.4600 |
| Class | (HKD) P-4%-mdist |
| Number of shares outstanding at the beginning of the period | 462 432.4010 |
| Number of shares issued | 32 025.4840 |
| Number of shares redeemed | -46 078.8820 |
| Number of shares outstanding at the end of the period | 448 379.0030 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 5 559 346.9120 |
| Number of shares issued | 900 260.4580 |
| Number of shares redeemed | -561 525.1610 |
| Number of shares outstanding at the end of the period | 5 898 082.2090 |
| Class | (HKD) P-acc |
| Number of shares outstanding at the beginning of the period | 555 478.3460 |
| Number of shares issued | 14 060.7060 |
| Number of shares redeemed | -42 695.9510 |
| Number of shares outstanding at the end of the period | 526 843.1010 |
| Class | (AUD hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 595 848.9110 |
| Number of shares issued | 160 879.7260 |
| Number of shares redeemed | -42 106.9840 |
| Number of shares outstanding at the end of the period | 714 621.6530 |
| Class | (CAD hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 448 319.5320 |
| Number of shares issued | 15 235.8120 |
| Number of shares redeemed | -16 519.7120 |
| Number of shares outstanding at the end of the period | 447 035.6320 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Semi-Annual Report as of 30 November 2019
| Class | (CHF hedged) P-acc |
| --- | --- |
| Number of shares outstanding at the beginning of the period | 2 077 072.9020 |
| Number of shares issued | 244 206.1230 |
| Number of shares redeemed | -155 876.6890 |
| Number of shares outstanding at the end of the period | 2 165 402.3360 |
| Class | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 2 149 396.9750 |
| Number of shares issued | 352 239.5150 |
| Number of shares redeemed | -402 296.2330 |
| Number of shares outstanding at the end of the period | 2 099 340.2570 |
| Class | (GBP hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 346 984.7990 |
| Number of shares issued | 106 837.0670 |
| Number of shares redeemed | -7 096.3420 |
| Number of shares outstanding at the end of the period | 446 725.5240 |
| Class | (SGD hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 436 591.7930 |
| Number of shares issued | 84 855.6800 |
| Number of shares redeemed | -58 524.1200 |
| Number of shares outstanding at the end of the period | 462 923.3530 |
| Class | Q-4%-mdist |
| Number of shares outstanding at the beginning of the period | 179 020.0620 |
| Number of shares issued | 138 089.4700 |
| Number of shares redeemed | -56 147.3400 |
| Number of shares outstanding at the end of the period | 260 962.1920 |
| Class | (HKD) Q-4%-mdist |
| Number of shares outstanding at the beginning of the period | 80 633.6330 |
| Number of shares issued | 32 525.5410 |
| Number of shares redeemed | -25 822.3110 |
| Number of shares outstanding at the end of the period | 87 336.8630 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 1 172 458.7630 |
| Number of shares issued | 469 074.9690 |
| Number of shares redeemed | -120 588.9760 |
| Number of shares outstanding at the end of the period | 1 520 944.7560 |
| Class | (HKD) Q-acc |
| Number of shares outstanding at the beginning of the period | 16 415.1520 |
| Number of shares issued | 1 395.5090 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 17 810.6610 |
| Class | (CAD hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 63 607.7480 |
| Number of shares issued | 15 608.2450 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 79 215.9930 |
| Class | (CHF hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 776 353.9840 |
| Number of shares issued | 67 802.4240 |
| Number of shares redeemed | -53 803.7630 |
| Number of shares outstanding at the end of the period | 790 352.6450 |
| Class | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 940 295.5580 |
| Number of shares issued | 172 893.0800 |
| Number of shares redeemed | -193 361.9250 |
| Number of shares outstanding at the end of the period | 919 826.7130 |
| Class | (GBP hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 81 089.3390 |
| Number of shares issued | 39 711.6240 |
| Number of shares redeemed | -4 161.0730 |
| Number of shares outstanding at the end of the period | 116 639.8900 |
| Class | (SEK hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 278 937.2570 |
| Number of shares issued | 11 620.9620 |
| Number of shares redeemed | -37 103.6500 |
| Number of shares outstanding at the end of the period | 253 454.5690 |
| Class | (SGD hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 220 008.7610 |
| Number of shares issued | 129 416.1000 |
| Number of shares redeemed | -19 359.0950 |
| Number of shares outstanding at the end of the period | 330 065.7660 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD)
Semi-Annual Report as of 30 November 2019
| Monthly Distribution 1 |  |
| --- | --- |
| UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium | (USD)  Ex-Date | Pay-Date | Currency | Amount per share |
| K-1-4%-mdist | 11.6.2019 | 14.6.2019 | USD | 16 331.27 |
| K-1-4%-mdist | 10.7.2019 | 15.7.2019 | USD | 16 759.08 |
| K-1-4%-mdist | 12.8.2019 | 16.8.2019 | USD | 16 841.60 |
| K-1-4%-mdist | 10.9.2019 | 13.9.2019 | USD | 16 596.01 |
| K-1-4%-mdist | 10.10.2019 | 15.10.2019 | USD | 16 557.94 |
| K-1-4%-mdist | 11.11.2019 | 14.11.2019 | USD | 16 560.69 |
| (EUR hedged) K-1-4%-mdist | 11.6.2019 | 14.6.2019 | EUR | 9 571.80 |
| (EUR hedged) K-1-4%-mdist | 10.7.2019 | 15.7.2019 | EUR | 9 797.96 |
| (EUR hedged) K-1-4%-mdist | 12.8.2019 | 16.8.2019 | EUR | 9 823.96 |
| (EUR hedged) K-1-4%-mdist | 10.9.2019 | 13.9.2019 | EUR | 9 657.22 |
| (EUR hedged) K-1-4%-mdist | 10.10.2019 | 15.10.2019 | EUR | 9 614.68 |
| (EUR hedged) K-1-4%-mdist | 11.11.2019 | 14.11.2019 | EUR | 9 593.24 |
| P-4%-mdist | 11.6.2019 | 14.6.2019 | USD | 0.33 |
| P-4%-mdist | 10.7.2019 | 15.7.2019 | USD | 0.33 |
| P-4%-mdist | 12.8.2019 | 16.8.2019 | USD | 0.34 |
| P-4%-mdist | 10.9.2019 | 13.9.2019 | USD | 0.33 |
| P-4%-mdist | 10.10.2019 | 15.10.2019 | USD | 0.33 |
| P-4%-mdist | 11.11.2019 | 14.11.2019 | USD | 0.33 |
| (HKD) P-4%-mdist | 11.6.2019 | 14.6.2019 | HKD | 3.28 |
| (HKD) P-4%-mdist | 10.7.2019 | 15.7.2019 | HKD | 3.36 |
| (HKD) P-4%-mdist | 12.8.2019 | 16.8.2019 | HKD | 3.38 |
| (HKD) P-4%-mdist | 10.9.2019 | 13.9.2019 | HKD | 3.33 |
| (HKD) P-4%-mdist | 10.10.2019 | 15.10.2019 | HKD | 3.32 |
| (HKD) P-4%-mdist | 11.11.2019 | 14.11.2019 | HKD | 3.32 |
| Q-4%-mdist | 11.6.2019 | 14.6.2019 | USD | 0.34 |
| Q-4%-mdist | 10.7.2019 | 15.7.2019 | USD | 0.34 |
| Q-4%-mdist | 12.8.2019 | 16.8.2019 | USD | 0.35 |
| Q-4%-mdist | 10.9.2019 | 13.9.2019 | USD | 0.34 |
| Q-4%-mdist | 10.10.2019 | 15.10.2019 | USD | 0.34 |
| Q-4%-mdist | 11.11.2019 | 14.11.2019 | USD | 0.34 |
| (HKD) Q-4%-mdist | 11.6.2019 | 14.6.2019 | HKD | 3.40 |
| (HKD) Q-4%-mdist | 10.7.2019 | 15.7.2019 | HKD | 3.48 |
| (HKD) Q-4%-mdist | 12.8.2019 | 16.8.2019 | HKD | 3.50 |
| (HKD) Q-4%-mdist | 10.9.2019 | 13.9.2019 | HKD | 3.45 |
| (HKD) Q-4%-mdist | 10.10.2019 | 15.10.2019 | HKD | 3.45 |
| (HKD) Q-4%-mdist | 11.11.2019 | 14.11.2019 | HKD | 3.45 |
| 1  See note 5 |  |  |  |  |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (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 |  |  |  |
| Bearer shares |  |  |  |
| Austria |  |  |  |
| EUR	ANDRITZ AG NPV(BR) | 2 440.00 | 95 238.18 | 0.00 |
| EUR	ERSTE GROUP BK AG NPV | 10 745.00 | 385 041.70 | 0.02 |
| EUR	OMV AG NPV(VAR) | 5 470.00 | 312 055.43 | 0.01 |
| EUR	RAIFFEISEN BK INTL NPV (REGD) | 5 630.00 | 132 284.77 | 0.01 |
| EUR	VERBUND AG CLASS’A’NPV | 2 236.00 | 116 318.21 | 0.01 |
| EUR	VOESTALPINE AG NPV | 3 896.00 | 103 312.30 | 0.00 |
| Total Austria |  | 1 144 250.59 | 0.05 |
| Belgium |  |  |  |
| EUR	ANHEUSER-BUSCH IN NPV | 27 014.00 | 2 140 693.69 | 0.09 |
| EUR	COLRUYT SA NPV | 2 407.00 | 124 736.04 | 0.01 |
| EUR	GALAPAGOS NV NPV | 894.00 | 176 296.81 | 0.01 |
| EUR	GPE BRUXELLES LAM NPV | 3 213.00 | 326 278.41 | 0.01 |
| EUR	PROXIMUS SA NPV | 5 957.00 | 179 836.99 | 0.01 |
| EUR	SOLVAY SA NPV | 2 864.00 | 328 416.02 | 0.01 |
| EUR	UMICORE NPV | 6 847.00 | 294 279.60 | 0.01 |
| Total Belgium |  | 3 570 537.56 | 0.15 |
| Canada |  |  |  |
| CAD	1ST CAP REALTY INC COM NPV | 5 200.00 | 84 484.10 | 0.00 |
| CAD	AIR CANADA VAR VTG SHS NPV | 4 156.00 | 156 602.90 | 0.01 |
| CAD	ALTAGAS LTD COM NPV | 8 004.00 | 118 711.69 | 0.01 |
| CAD	ATCO LTD CL 1 NON VTG | 2 200.00 | 83 461.70 | 0.00 |
| CAD	AURORA CANNABIS IN COM NPV | 24 100.00 | 60 238.66 | 0.00 |
| CAD	BOMBARDIER INC CLASS’B’SUB-VTG NPV | 77 597.00 | 115 088.34 | 0.01 |
| CAD	CAE INC COM NPV | 9 600.00 | 257 951.44 | 0.01 |
| CAD	CAMECO CORP COM | 11 338.00 | 103 286.13 | 0.00 |
| CAD	CANADIAN UTILS LTD CL A | 4 004.00 | 117 746.09 | 0.01 |
| CAD	CANOPY GROWTH CORP COM NPV | 6 900.00 | 127 324.68 | 0.01 |
| CAD	CI FINANCIAL CORP COM NPV | 6 731.00 | 106 013.57 | 0.01 |
| CAD	EMERA INC COM | 7 613.00 | 313 060.09 | 0.01 |
| CAD	EMPIRE LTD CL A | 5 200.00 | 139 253.91 | 0.01 |
| CAD	HUSKY ENERGY INC COM | 10 304.00 | 75 015.76 | 0.00 |
| CAD	HYDRO ONE INC COM NPV | 10 095.00 | 190 157.65 | 0.01 |
| CAD	IGM FINANCIAL INC COM | 2 364.00 | 67 987.80 | 0.00 |
| CAD	KEYERA CORPORATION COM NPV | 6 370.00 | 155 431.36 | 0.01 |
| CAD	KINROSS GOLD CORP COM NPV | 32 795.00 | 141 722.79 | 0.01 |
| CAD	KIRKLAND LAKE GOLD COM NPV | 6 954.00 | 292 086.32 | 0.01 |
| CAD	LUNDIN MINING CORP COM | 18 600.00 | 100 684.36 | 0.00 |
| CAD	METHANEX CORP COM | 1 800.00 | 66 985.88 | 0.00 |
| CAD	ONEX CORP SUB VTG | 2 900.00 | 172 700.92 | 0.01 |
| CAD	PRAIRIESKY ROYALTY COM NPV | 6 100.00 | 62 917.37 | 0.00 |
| CAD	QUEBECOR INC CL B | 4 203.00 | 104 232.50 | 0.00 |
| CAD	STARS GROUP INC(TH COM NPV) | 7 313.00 | 175 247.72 | 0.01 |
| CAD	TELUS CORPORATION NPV | 6 638.00 | 250 577.32 | 0.01 |
| CAD	WEST FRASER TIMBER COM NPV | 1 600.00 | 69 589.31 | 0.00 |
| CAD	WSP GLOBAL INC COM NPV | 3 400.00 | 219 448.15 | 0.01 |
| Total Canada |  | 3 928 008.51 | 0.17 |
| Finland |  |  |  |
| EUR	KONE CORPORATION NPV ORD ‘B’ | 11 991.00 | 751 232.94 | 0.03 |
| EUR	METSO OYJ NPV | 3 764.00 | 144 426.48 | 0.01 |
| EUR	WARTSILA OYJ ABP SER’B’EUR3.50 | 16 724.00 | 168 466.77 | 0.01 |
| Total Finland |  | 1 064 126.19 | 0.05 |
| France |  |  |  |
| EUR	ACCOR EUR3 | 6 399.00 | 273 966.52 | 0.01 |
| EUR	ADP EUR3 | 1 030.00 | 201 582.85 | 0.01 |
| EUR	AIR LIQUIDE(L’) EUR5.5 (POST-SUBDIVISION) | 17 118.00 | 2 322 483.45 | 0.10 |
| EUR	AIRBUS EUR1 | 20 887.00 | 3 072 202.83 | 0.13 |
| EUR	ALSTOM EUR7.00 | 5 409.00 | 236 053.67 | 0.01 |
| EUR	AMUNDI EUR2.5 (AIW) | 2 407.00 | 182 326.93 | 0.01 |
| EUR	ARKEMA EUR10 | 2 706.00 | 280 640.76 | 0.01 |
| EUR	ATOS SE EUR1 | 3 779.00 | 321 171.19 | 0.01 |
| EUR	AXA EUR2.29 | 69 175.00 | 1 883 545.81 | 0.08 |
| EUR	BIOMERIEUX NPV (POST SPLIT) | 1 588.00 | 143 663.71 | 0.01 |
| EUR	BNP PARIBAS EUR2 | 40 917.00 | 2 299 515.84 | 0.10 |
| EUR	BOLLORE EUR0.16 | 33 637.00 | 143 902.05 | 0.01 |
| EUR	BOUYGUES EUR1 | 8 318.00 | 340 076.51 | 0.01 |
| EUR	BUREAU VERITAS EUR0.12 | 10 627.00 | 278 403.77 | 0.01 |
| EUR	CAPGEMINI EUR8 | 5 702.00 | 674 912.16 | 0.03 |
| EUR	CARREFOUR EUR2.50 | 21 512.00 | 355 312.59 | 0.02 |
| EUR	CASINO GUICH-PERR EUR1.53 | 2 102.00 | 92 567.55 | 0.00 |
| EUR	CIE DE ST-GOBAIN EUR4 | 17 536.00 | 710 568.36 | 0.03 |
| EUR	CNP ASSURANCES EUR1 | 5 515.00 | 108 968.63 | 0.00 |
| EUR	COVIVIO EUR3 | 1 518.00 | 168 044.18 | 0.01 |
| EUR	CREDIT AGRICOLE SA EUR3 | 40 451.00 | 553 724.80 | 0.02 |
| EUR	DANONE EUR0.25 | 22 191.00 | 1 828 233.76 | 0.08 |
| EUR	DASSAULT AVIATION EUR8 | 87.00 | 118 468.86 | 0.01 |
| EUR	DASSAULT SYSTEMES EUR0.50 | 4 621.00 | 728 601.39 | 0.03 |
| EUR	EDENRED EUR2 | 8 916.00 | 442 876.71 | 0.02 |
| EUR	EDF EUR0.5 | 20 231.00 | 207 987.67 | 0.01 |
| EUR	EIFFAGE EUR4 | 2 986.00 | 326 273.23 | 0.01 |
| EUR	ENGIE EUR1 | 64 552.00 | 1 022 073.51 | 0.04 |
| EUR	ESSILORLUXOTTICA EUR0.18 | 10 172.00 | 1 581 406.26 | 0.07 |
| EUR	EURAZEO NPV | 1 095.00 | 74 674.41 | 0.00 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (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) |  |
|  |  |  |  |  |
| EUR | EUTELSAT COMMUNICA EUR1 | 6 742.00 | 110 688.23 | 0.00 |
| EUR | FAURECIA EUR7 | 2 668.00 | 141 615.21 | 0.01 |
| EUR | GETLINK SE EUR0.40 | 15 685.00 | 264 775.44 | 0.01 |
| EUR | HERMES INTL NPV | 1 115.00 | 835 991.32 | 0.04 |
| EUR | ICADE NPV | 1 043.00 | 104 478.57 | 0.00 |
| EUR | ILIAD NPV | 970.00 | 123 583.27 | 0.01 |
| EUR | INGENICO GROUP EUR1 | 2 330.00 | 248 838.96 | 0.01 |
| EUR | IPSEN EUR1 | 1 427.00 | 161 274.55 | 0.01 |
| EUR | JC DECAUX SA NPV | 2 102.00 | 60 259.30 | 0.00 |
| EUR | KERING EUR4 | 2 694.00 | 1 623 920.09 | 0.07 |
| EUR | KLEPIERRE EUR1.40 | 7 572.00 | 271 923.26 | 0.01 |
| EUR | L’OREAL EUR0.20 | 9 008.00 | 2 569 465.52 | 0.11 |
| EUR | LEGRAND SA EUR4 | 9 749.00 | 770 506.05 | 0.03 |
| EUR | LVMH MOET HENNESSY EUR0.30 | 9 938.00 | 4 463 046.28 | 0.19 |
| EUR | NATIXIS EUR1.6 | 31 695.00 | 132 553.62 | 0.01 |
| EUR | ORANGE EUR4 | 72 465.00 | 1 198 498.64 | 0.05 |
| EUR | PERNOD RICARD EUR1.55 | 7 464.00 | 1 371 908.73 | 0.06 |
| EUR | PEUGEOT SA EUR1 | 20 453.00 | 494 328.40 | 0.02 |
| EUR | PUBLICIS GROUPE SA EUR0.40 | 7 440.00 | 327 641.56 | 0.01 |
| EUR | REMY COINTREAU EUR1.60 | 889.00 | 114 586.71 | 0.00 |
| EUR | RENAULT SA EUR3.81 | 6 796.00 | 325 620.03 | 0.01 |
| EUR | SAFRAN EUR0.20 | 11 682.00 | 1 912 121.09 | 0.08 |
| EUR | SANOFI EUR2 | 40 205.00 | 3 746 331.09 | 0.16 |
| EUR | SARTORIUS STEDIM B EUR0.20 (POST SUBD) | 959.00 | 152 370.39 | 0.01 |
| EUR | SCHNEIDER ELECTRIC EUR8 | 19 560.00 | 1 889 256.59 | 0.08 |
| EUR | SCOR SE EUR7.876972 (POST CONS) | 6 171.00 | 265 293.60 | 0.01 |
| EUR | SEB SA EUR1 | 902.00 | 140 230.87 | 0.01 |
| EUR | SOC GENERALE EUR1.25 | 27 185.00 | 856 062.61 | 0.04 |
| EUR | SODEXO EUR4 | 3 285.00 | 383 211.94 | 0.02 |
| EUR | SUEZ EUR4 | 10 553.00 | 156 326.14 | 0.01 |
| EUR | TELEPERFORMANCE EUR2.50 | 2 197.00 | 520 818.62 | 0.02 |
| EUR | THALES EUR3 | 3 724.00 | 365 112.85 | 0.02 |
| EUR | TOTAL EUR2.5 | 85 348.00 | 4 483 148.14 | 0.19 |
| EUR | UBISOFT ENTERTAIN EUR0.31 | 3 035.00 | 184 386.15 | 0.01 |
| EUR | UNIBAIL-RODAMCO-WE NPV(1 ORD UNIBAIL-R & 1CLS) | 5 115.00 | 800 287.48 | 0.03 |
| EUR | VALEO EUR1 (POST SUBD) | 8 910.00 | 351 312.18 | 0.02 |
| EUR | VEOLIA ENVIRONNEME EUR5 | 18 930.00 | 485 070.35 | 0.02 |
| EUR | VINCI EUR2.50 | 18 253.00 | 1 992 047.51 | 0.09 |
| EUR | VIVENDI SA EUR5.50 | 32 851.00 | 902 640.09 | 0.04 |
| EUR | WENDEL EUR4 | 1 038.00 | 139 972.20 | 0.01 |
| EUR | WORLDLINE EUR0.68 | 2 713.20 | 175 754.99 | 0.01 |
| Total France | 56 591 488.58 | 2.43 |
| Germany |  |  |  |  |
| EUR | BAYERISCHE MOTOREN WERKE AG EUR1 | 11 567.00 | 934 851.65 | 0.04 |
| EUR | BEIERSDORF AG NPV | 3 749.00 | 437 546.58 | 0.02 |
| EUR | CARL ZEISS MEDITEC NPV | 1 356.00 | 165 958.94 | 0.01 |
| EUR | COMMERZBANK AG NPV | 38 869.00 | 225 470.46 | 0.01 |
| EUR | CONTINENTAL AG ORD NPV | 3 935.00 | 514 573.50 | 0.02 |
| EUR | COVESTRO AG NPV | 6 290.00 | 294 752.55 | 0.01 |
| EUR | DEUTSCHE WOHNEN AG NPV (BR) | 12 885.00 | 503 638.18 | 0.02 |
| EUR | FRAPORT AG NPV | 1 249.00 | 106 481.04 | 0.00 |
| EUR | FRESENIUS MED CARE NPV | 7 649.00 | 561 352.89 | 0.02 |
| EUR | FRESENIUS SE & CO. KGAA NPV | 14 801.00 | 810 104.08 | 0.03 |
| EUR | GEA GROUP AG NPV | 6 073.00 | 195 324.94 | 0.01 |
| EUR | HEIDELBERGCEMENT NPV | 5 726.00 | 423 635.02 | 0.02 |
| EUR | HENKEL AG & CO KGAA | 3 641.00 | 352 478.95 | 0.02 |
| EUR | HOCHTIEF AG NPV | 956.00 | 117 530.54 | 0.00 |
| EUR | KION GROUP AG NPV | 2 235.00 | 148 400.81 | 0.01 |
| EUR | KNORR BREMSE AG NPV | 1 624.00 | 158 076.14 | 0.01 |
| EUR | LANXESS AG NPV | 3 266.00 | 217 866.04 | 0.01 |
| EUR | MERCK KGAA NPV | 4 587.00 | 536 108.38 | 0.02 |
| EUR | METRO AG (NEW) NPV | 7 047.00 | 113 636.58 | 0.00 |
| EUR | PUMA SE NPV | 3 270.00 | 245 895.24 | 0.01 |
| EUR | RWE AG (NEU) NPV | 20 012.00 | 593 775.37 | 0.03 |
| EUR | SAP AG ORD NPV | 35 196.00 | 4 791 901.89 | 0.21 |
| EUR | SYMRISE AG NPV (BR) | 4 558.00 | 442 458.30 | 0.02 |
| EUR | THYSSENKRUPP AG NPV | 14 804.00 | 185 754.49 | 0.01 |
| EUR | VOLKSWAGEN AG ORD NPV | 1 185.00 | 226 234.50 | 0.01 |
| EUR | WIRECARD AG NPV | 4 080.00 | 538 933.24 | 0.02 |
| EUR | ZALANDO SE NPV | 4 726.00 | 203 745.71 | 0.01 |
| Total Germany	14 046 486.01	0.60 |
| Ireland |  |  |  |  |
| EUR | AIB GROUP PLC ORD EUR0.625 | 18 186.00 | 59 554.09 | 0.00 |
| EUR | BANK OF IRELAND GR EUR1 | 27 959.00 | 140 573.83 | 0.01 |
| GBP | DCC ORD EUR0.25 | 3 023.00 | 258 389.35 | 0.01 |
| EUR | FLUTTER ENTERTAINM ORD EUR0.09 | 2 511.00 | 287 937.37 | 0.01 |
| EUR | KERRY GROUP ‘A’ORD EUR0.125(DUBLIN LIST) | 5 244.00 | 673 028.80 | 0.03 |
| Total Ireland |  | 1 419 483.44 | 0.06 |
| Italy |  |  |  |
| EUR	ASSIC GENERALI SPA EUR1 | 39 869.00 | 814 570.64 | 0.04 |
| EUR	FINECOBANK SPA EUR0.33 | 22 348.00 | 277 456.59 | 0.01 |
| EUR	LEONARDO SPA EUR4.40 | 14 358.00 | 168 047.45 | 0.01 |
| EUR	POSTE ITALIANE SPA NPV | 21 023.00 | 245 475.77 | 0.01 |
| EUR	TELECOM ITALIA SPA DI RISP EUR0.55 | 186 227.00 | 114 781.64 | 0.00 |
| EUR	TELECOM ITALIA SPA EUR0.55 | 298 539.00 | 187 033.88 | 0.01 |
| Total Italy |  | 1 807 365.97 | 0.08 |
| Japan |  |  |  |
| JPY	ACOM CO NPV | 4 700.00 | 19 484.98 | 0.00 |
| JPY	ADVANTEST CORP NPV | 4 500.00 | 219 842.94 | 0.01 |
| JPY	AEON FINANCIAL SER NPV | 2 300.00 | 34 759.38 | 0.00 |
| JPY	AIR WATER INC NPV | 3 000.00 | 48 159.99 | 0.00 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (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) |  |
|  |  |  |  |  |
| JPY | AISIN SEIKI CO NPV | 3 800.00 | 143 658.11 | 0.01 |
| JPY | AMADA CO LTD NPV | 8 700.00 | 96 922.65 | 0.01 |
| JPY | AOZORA BANK LTD | 3 400.00 | 86 560.13 | 0.00 |
| JPY | ASAHI INTECC CO LT NPV | 3 600.00 | 104 867.13 | 0.01 |
| JPY | BANDAI NAMCO HLDGS NPV | 3 900.00 | 236 364.71 | 0.01 |
| JPY | BENESSE HOLDINGS INC NPV | 1 600.00 | 42 195.23 | 0.00 |
| JPY | BK OF KYOTO NPV | 1 100.00 | 45 352.02 | 0.00 |
| JPY | CALBEE INC NPV | 2 400.00 | 77 253.22 | 0.00 |
| JPY | CENTRAL JAPAN RLWY NPV | 3 000.00 | 605 287.18 | 0.03 |
| JPY | CHIBA BANK NPV | 12 000.00 | 68 377.32 | 0.00 |
| JPY | CHUGAI PHARM CO NPV | 4 700.00 | 410 214.59 | 0.02 |
| JPY | COCA-COLA BOTTLERS NPV | 2 100.00 | 50 414.57 | 0.00 |
| JPY | CONCORDIA FINANCIA NPV | 21 100.00 | 85 548.35 | 0.00 |
| JPY | CREDIT SAISON CO NPV | 3 700.00 | 61 154.23 | 0.00 |
| JPY | CYBER AGENT NPV | 1 600.00 | 55 227.83 | 0.00 |
| JPY | DAI-ICHI LIFE HOLD NPV | 20 400.00 | 328 419.32 | 0.01 |
| JPY | DAICEL CORP | 5 800.00 | 56 988.40 | 0.00 |
| JPY | DAIFUKU CO LTD NPV | 2 200.00 | 127 970.05 | 0.01 |
| JPY | DAIICHI SANKYO COM NPV | 11 100.00 | 695 536.48 | 0.03 |
| JPY | DAIKIN INDUSTRIES NPV | 4 900.00 | 704 506.43 | 0.03 |
| JPY | DAITO TRUST CONST NPV | 1 600.00 | 195 562.05 | 0.01 |
| JPY | DAIWA HOUSE INDS NPV | 10 800.00 | 330 282.16 | 0.02 |
| JPY | DAIWA HOUSE REIT I REIT | 46.00 | 125 763.86 | 0.01 |
| JPY | DENTSU INC NPV | 3 700.00 | 134 133.87 | 0.01 |
| JPY | DISCO CORPORATION NPV | 600.00 | 129 412.84 | 0.01 |
| JPY | EISAI CO NPV | 4 500.00 | 333 257.23 | 0.02 |
| JPY | FANUC CORP NPV | 4 000.00 | 763 583.23 | 0.03 |
| JPY | FAST RETAILING CO NPV | 1 100.00 | 669 884.02 | 0.03 |
| JPY | FUJI ELECTRIC CO L NPV | 3 000.00 | 92 320.34 | 0.00 |
| JPY | FUKUOKA FINANCIAL NPV | 2 500.00 | 47 598.39 | 0.00 |
| JPY | GMO PAYMENT GATEWA NPV | 600.00 | 42 516.66 | 0.00 |
| JPY | HANKYU HANSHIN HLD NPV | 4 100.00 | 175 965.66 | 0.01 |
| JPY | HIKARI TSUSHIN INC NPV | 400.00 | 93 215.23 | 0.00 |
| JPY | HIROSE ELECTRIC NPV | 720.00 | 88 496.03 | 0.00 |
| JPY | HISAMITSU PHARM CO NPV | 900.00 | 44 132.96 | 0.00 |
| JPY | HITACHI CHEMICAL NPV | 1 300.00 | 46 771.98 | 0.00 |
| JPY | HITACHI HIGH-TECH NPV | 1 200.00 | 78 239.43 | 0.00 |
| JPY | HOSHIZAKI CORPORAT NPV | 900.00 | 78 650.35 | 0.00 |
| JPY | HULIC CO LTD NPV | 6 800.00 | 76 438.68 | 0.00 |
| JPY | IDEMITSU KOSAN CO LTD | 3 758.00 | 102 537.70 | 0.01 |
| JPY | IHI CORP NPV | 2 500.00 | 58 282.35 | 0.00 |
| JPY | ISETAN MITSUKOSHI NPV | 6 100.00 | 54 310.11 | 0.00 |
| JPY | ISUZU MOTORS NPV | 9 500.00 | 111 083.46 | 0.01 |
| JPY | ITOCHU TECHNO-SOLU NPV | 1 900.00 | 50 714.09 | 0.00 |
| JPY | J FRONT RETAILING NPV | 4 200.00 | 55 151.13 | 0.00 |
| JPY | JAPAN AIRPORT TERM NPV | 1 200.00 | 62 350.47 | 0.00 |
| JPY | JAPAN EXCHANGE GP NPV | 10 300.00 | 175 036.98 | 0.01 |
| JPY | JAPAN REAL ESTATE INVESTMENT CORP | 22.00 | 149 666.70 | 0.01 |
| JPY | JGC HLDGS CORP NPV | 3 700.00 | 53 754.90 | 0.00 |
| JPY | JSR CORP NPV | 3 500.00 | 61 907.59 | 0.00 |
| JPY | JTEKT CORPORATION NPV | 4 400.00 | 54 643.41 | 0.00 |
| JPY | KAJIMA CORP NPV | 10 500.00 | 138 357.23 | 0.01 |
| JPY | KAKAKU.COM. INC NPV | 3 300.00 | 79 584.51 | 0.00 |
| JPY | KAMIGUMI CO LTD NPV | 2 800.00 | 62 029.04 | 0.00 |
| JPY | KANSAI ELEC POWER NPV | 14 100.00 | 160 686.69 | 0.01 |
| JPY | KANSAI PAINT CO NPV | 3 300.00 | 83 110.22 | 0.00 |
| JPY | KAO CORP NPV | 9 600.00 | 754 955.71 | 0.03 |
| JPY | KAWASAKI HEAVY IND NPV | 2 500.00 | 56 113.60 | 0.00 |
| JPY | KEIHAN HOLDINGS CO NPV | 1 800.00 | 87 937.17 | 0.00 |
| JPY | KEIKYU CORP | 3 800.00 | 78 109.76 | 0.00 |
| JPY | KEIO CORPORATION NPV | 1 900.00 | 121 797.10 | 0.01 |
| JPY | KEISEI ELEC RY CO NPV | 2 400.00 | 98 840.29 | 0.01 |
| JPY | KIKKOMAN CORP NPV | 2 900.00 | 145 648.80 | 0.01 |
| JPY | KINTETSU GROUP HOL NPV | 3 300.00 | 186 530.91 | 0.01 |
| JPY | KIRIN HOLDINGS CO LTD NPV | 15 800.00 | 349 588.16 | 0.02 |
| JPY | KOBAYASHI PHARMACE NPV | 1 200.00 | 98 401.97 | 0.01 |
| JPY | KOITO MFG CO LTD NPV | 1 900.00 | 97 854.08 | 0.01 |
| JPY | KOMATSU NPV | 19 500.00 | 457 095.24 | 0.02 |
| JPY | KOSE CORPORATION NPV | 700.00 | 111 414.48 | 0.01 |
| JPY | KURARAY CO NPV | 5 100.00 | 61 613.55 | 0.00 |
| JPY | KURITA WATER INDS NPV | 1 800.00 | 50 296.78 | 0.00 |
| JPY | KYUSHU ELEC POWER NPV | 7 300.00 | 64 260.80 | 0.00 |
| JPY | KYUSHU RAILWAY COR NPV | 2 500.00 | 85 037.90 | 0.00 |
| JPY | LINE CORP NPV | 1 200.00 | 56 433.20 | 0.00 |
| JPY | LION CORP NPV | 4 300.00 | 86 581.13 | 0.00 |
| JPY | M3 INC NPV | 8 300.00 | 228 134.42 | 0.01 |
| JPY | MAKITA CORP NPV | 4 100.00 | 135 531.00 | 0.01 |
| JPY | MARUI GROUP NPV | 3 800.00 | 91 399.87 | 0.00 |
| JPY | MARUICHI STL TUBE NPV | 700.00 | 20 135.15 | 0.00 |
| JPY | MCDONALD’S HOLDING NPV | 1 400.00 | 69 162.63 | 0.00 |
| JPY | MEBUKIFINANCIAL G NPV | 15 100.00 | 39 022.01 | 0.00 |
| JPY | MEIJI HOLDINGS CO NPV | 2 300.00 | 156 259.70 | 0.01 |
| JPY | MINEBEA MITSUMI INC | 6 800.00 | 131 889.32 | 0.01 |
| JPY | MISUMI GROUP INC NPV | 6 500.00 | 160 852.89 | 0.01 |
| JPY | MITSUBISHI GAS CHM NPV | 3 100.00 | 48 463.15 | 0.00 |
| JPY | MITSUBISHI MOTOR C NPV | 11 500.00 | 51 456.49 | 0.00 |
| JPY | MITSUBISHI UFJ LEA NV | 4 500.00 | 28 887.77 | 0.00 |
| JPY | MITSUI CHEMICALS NPV | 4 500.00 | 107 784.68 | 0.01 |
| JPY | MITSUI FUDOSAN CO NPV | 17 400.00 | 432 656.38 | 0.02 |
| JPY | MONOTARO CO.LTD NPV | 2 700.00 | 75 938.27 | 0.00 |
| JPY | NABTESCO CORP NPV | 1 800.00 | 55 227.83 | 0.00 |
| JPY | NAGOYA RAILROAD CO NPV | 3 100.00 | 98 653.09 | 0.01 |
| JPY | NH FOODS LTD NPV | 1 500.00 | 62 870.97 | 0.00 |
| JPY | NIDEC CORPORATION NPV | 4 400.00 | 650 497.67 | 0.03 |
| JPY | NIPPON BUILDING FD REIT | 29.00 | 217 678.75 | 0.01 |
| JPY | NIPPON EXPRESS CO NPV | 1 100.00 | 69 710.53 | 0.00 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (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) |  |
|  |  |  |  |  |
| JPY | NIPPON PAINT HLDGS NPV | 2 600.00 | 138 654.00 | 0.01 |
| JPY | NIPPON STEEL CORP NPV | 16 900.00 | 247 766.87 | 0.01 |
| JPY | NISSAN CHEMICAL CO NPV | 2 000.00 | 79 170.85 | 0.00 |
| JPY | NISSHIN SEIFUN GRP NPV | 3 700.00 | 69 465.80 | 0.00 |
| JPY | NISSIN FOODS HLDG NPV | 1 500.00 | 112 318.51 | 0.01 |
| JPY | NITORI HOLDINGS CO LTD | 1 500.00 | 234 910.05 | 0.01 |
| JPY | NITTO DENKO CORP NPV | 3 700.00 | 207 451.37 | 0.01 |
| JPY | NOMURA REAL ESTATE HOLDINGS INC | 2 700.00 | 65 213.22 | 0.00 |
| JPY | NSK LTD NPV | 6 000.00 | 57 967.31 | 0.00 |
| JPY | OBAYASHI CORP NPV | 11 800.00 | 124 993.15 | 0.01 |
| JPY | OBIC CO LTD NPV | 1 400.00 | 185 754.72 | 0.01 |
| JPY | ODAKYU ELEC RLWY NPV | 6 900.00 | 169 554.37 | 0.01 |
| JPY | OJI HOLDINGS CO NPV | 14 000.00 | 79 901.38 | 0.00 |
| JPY | OLYMPUS CORP NPV | 24 600.00 | 364 810.52 | 0.02 |
| JPY | ONO PHARMACEUTICAL NPV | 6 900.00 | 154 684.50 | 0.01 |
| JPY | ORACLE CORP JAPAN NPV | 800.00 | 73 564.06 | 0.00 |
| JPY | ORIENTAL LAND CO NPV | 3 900.00 | 539 361.70 | 0.02 |
| JPY | PAN PACIFIC INTERNATIONAL HOLDINGS CORP | 9 200.00 | 149 034.79 | 0.01 |
| JPY | PEPTIDREAM INC NPV | 2 000.00 | 91 863.76 | 0.00 |
| JPY | PERSOL HOLDINGS CO NPV | 3 200.00 | 58 822.03 | 0.00 |
| JPY | PIGEON CORP NPV | 2 200.00 | 102 255.50 | 0.01 |
| JPY | POLA ORBIS HOLDINGS IN NPV | 1 700.00 | 41 882.93 | 0.00 |
| JPY | RAKUTEN INC NPV | 16 600.00 | 143 853.53 | 0.01 |
| JPY | RECRUIT HLDGS CO L NPV | 27 100.00 | 980 460.23 | 0.04 |
| JPY | RINNAI CORP NPV | 700.00 | 53 693.73 | 0.00 |
| JPY | RYOHIN KEIKAKU CO NPV | 4 100.00 | 93 336.68 | 0.00 |
| JPY | SANKYO CO LTD NPV | 1 600.00 | 54 058.99 | 0.00 |
| JPY | SBI HOLDINGS INC NPV | 5 400.00 | 112 082.91 | 0.01 |
| JPY | SECOM CO NPV | 4 400.00 | 373 945.76 | 0.02 |
| JPY | SEIBU HOLDINGS INC NPV | 4 000.00 | 70 459.32 | 0.00 |
| JPY | SEKISUI HOUSE NPV | 12 400.00 | 267 792.89 | 0.01 |
| JPY | SEVEN BANK NPV | 5 900.00 | 18 264.09 | 0.00 |
| JPY | SHARP CORP NPV | 4 100.00 | 61 924.94 | 0.00 |
| JPY | SHIMANO INC NPV | 1 600.00 | 258 606.51 | 0.01 |
| JPY | SHIMIZU CORP NPV | 13 800.00 | 132 064.65 | 0.01 |
| JPY | SHIN-ETSU CHEMICAL NPV | 7 100.00 | 759 209.20 | 0.03 |
| JPY | SHINSEI BANK NPV | 3 900.00 | 61 361.52 | 0.00 |
| JPY | SHIONOGI & CO NPV | 5 300.00 | 311 582.50 | 0.01 |
| JPY | SHISEIDO CO LTD NPV | 7 900.00 | 570 262.99 | 0.03 |
| JPY | SHIZUOKA BANK NPV | 8 000.00 | 60 852.89 | 0.00 |
| JPY | SHOWA DENKO KK NPV | 2 400.00 | 64 059.90 | 0.00 |
| JPY | SMC CORP NPV | 1 100.00 | 498 319.79 | 0.02 |
| JPY | SONY FINANCIAL HOL NPV | 3 600.00 | 83 499.23 | 0.00 |
| JPY | STANLEY ELECTRIC NPV | 3 800.00 | 105 141.08 | 0.01 |
| JPY | SUMITOMO HEAVY IND NPV | 2 300.00 | 65 738.29 | 0.00 |
| JPY | SUMITOMO METAL MNG NPV | 4 100.00 | 124 149.39 | 0.01 |
| JPY | SUMITOMO RUBBER NPV | 2 300.00 | 29 214.68 | 0.00 |
| JPY | SUNDRUG CO LTD NPV | 1 400.00 | 49 091.41 | 0.00 |
| JPY | SUNTORY BEVERAGE & NPV | 3 000.00 | 130 125.10 | 0.01 |
| JPY | SUZUKEN CO LTD NPV | 1 400.00 | 61 172.50 | 0.00 |
| JPY | SUZUKI MOTOR CORP NPV | 7 200.00 | 319 269.47 | 0.01 |
| JPY | SYSMEX CORP NPV | 3 100.00 | 214 772.17 | 0.01 |
| JPY | T&D HOLDINGS INC NPV | 11 100.00 | 130 552.46 | 0.01 |
| JPY | TAIHEIYO CEMENT NPV | 2 000.00 | 57 802.94 | 0.00 |
| JPY | TAISEI CORP NPV | 4 000.00 | 156 880.65 | 0.01 |
| JPY | TAISHO PHARM H NPV | 700.00 | 51 648.25 | 0.00 |
| JPY | TAIYO NIPPON SANSO NPV | 1 900.00 | 42 281.98 | 0.00 |
| JPY | TEIJIN LTD NPV | 5 700.00 | 107 171.03 | 0.01 |
| JPY | TERUMO CORP NPV | 13 200.00 | 462 982.37 | 0.02 |
| JPY | THK CO LTD NPV | 2 000.00 | 56 159.25 | 0.00 |
| JPY | TOBU RAILWAY CO NPV | 2 600.00 | 95 087.21 | 0.00 |
| JPY | TOHO CO LTD NPV | 2 900.00 | 117 710.71 | 0.01 |
| JPY | TOHO GAS CO NPV | 1 500.00 | 56 638.66 | 0.00 |
| JPY | TOHOKU ELEC POWER NPV | 7 300.00 | 72 326.73 | 0.00 |
| JPY | TOKYO CENTURY CORP NPV | 700.00 | 37 329.92 | 0.00 |
| JPY | TOKYO GAS CO NPV | 8 500.00 | 205 262.08 | 0.01 |
| JPY | TOKYU CORP NPV | 11 100.00 | 218 837.55 | 0.01 |
| JPY | TORAY INDS INC NPV | 29 800.00 | 197 015.80 | 0.01 |
| JPY | TOSOH CORP NPV | 4 600.00 | 68 468.63 | 0.00 |
| JPY | TOTO LTD NPV | 2 500.00 | 109 350.74 | 0.01 |
| JPY | TOYO SUISAN KAISHA NPV | 1 700.00 | 73 271.85 | 0.00 |
| JPY | TOYODA GOSEI NPV | 1 900.00 | 44 363.98 | 0.00 |
| JPY | TOYOTA INDUSTRIES NPV | 2 700.00 | 158 533.47 | 0.01 |
| JPY | TOYOTA TSUSHO CORP NPV | 3 800.00 | 132 727.60 | 0.01 |
| JPY | TSURUHA HOLDINGS I NPV | 700.00 | 83 289.20 | 0.00 |
| JPY | USS CO LTD NPV | 6 100.00 | 118 201.08 | 0.01 |
| JPY | WELCIA HOLDINGS CO NPV | 1 000.00 | 61 272.94 | 0.00 |
| JPY | YAKULT HONSHA CO NPV | 2 500.00 | 146 561.96 | 0.01 |
| JPY | YAMAHA CORP NPV | 2 500.00 | 137 658.66 | 0.01 |
| JPY | YAMATO HOLDINGS CO NPV | 5 200.00 | 88 890.51 | 0.00 |
| JPY | ZOZO INC NPV | 2 620.00 | 52 132.04 | 0.00 |
| Total Japan | 28 263 397.97 | 1.21 |
| Jersey |  |  |  |  |
| GBP | GLENCORE XSTRATA ORD USD0.01 | 325 371.00 | 1 026 495.56 | 0.04 |
| Total Jersey |  | 1 026 495.56 | 0.04 |
| Luxembourg |  |  |  |
| EUR	AROUNDTOWN SA EUR0.01 | 33 956.00 | 295 101.18 | 0.01 |
| EUR	EUROFINS SCIENTIFI EUR0.10 | 389.00 | 204 419.17 | 0.01 |
| Total Luxembourg |  | 499 520.35 | 0.02 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (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) |  |
| The Netherlands |  |  |  |
| USD	AERCAP HOLDINGS EUR0.01 | 5 061.00 | 312 820.41 | 0.01 |
| EUR	AKZO NOBEL NV EUR0.50(POST REV SPLIT) | 8 002.00 | 766 895.61 | 0.03 |
| EUR	ALTICE EUROPE N.V. EUR0.01 (COMMON SHARES A) | 14 588.00 | 86 889.71 | 0.00 |
| EUR	EXOR NV EUR0.01 | 4 136.00 | 316 670.95 | 0.01 |
| EUR	HEINEKEN HOLDING EUR1.6 | 3 985.00 | 382 265.91 | 0.02 |
| EUR	HEINEKEN NV EUR1.60 | 9 300.00 | 964 303.09 | 0.04 |
| EUR	ING GROEP N.V. EUR0.01 | 138 740.00 | 1 597 668.02 | 0.07 |
| EUR	KON KPN NV EUR0.04 | 122 065.00 | 376 310.48 | 0.02 |
| EUR	KONINKLIJKE AHOLD EUR0.01 | 41 894.00 | 1 080 207.51 | 0.05 |
| EUR	KONINKLIJKE PHILIPS NV EUR0.20 | 33 574.00 | 1 560 152.79 | 0.07 |
| USD	NXP SEMICONDUCTORS EUR0.20 | 10 192.00 | 1 177 991.36 | 0.05 |
| EUR	QIAGEN NV EUR0.01 | 8 507.00 | 364 499.74 | 0.02 |
| EUR	RANDSTAD N.V. EUR0.10 | 4 166.00 | 242 808.79 | 0.01 |
| GBP	ROYAL DUTCH SHELL ‘B’SHS EUR0.07 (UK LIST) | 113 374.00 | 3 210 885.75 | 0.14 |
| EUR	STMICROELECTRONICS EUR1.04 | 24 438.00 | 600 881.06 | 0.03 |
| EUR	VOPAK(KON) EUR0.50 | 2 342.00 | 124 956.97 | 0.00 |
| EUR	WOLTERS KLUWER EUR0.12 | 10 103.00 | 725 854.24 | 0.03 |
| Total The Netherlands |  | 13 892 062.39 | 0.60 |
| Spain |  |  |  |  |
| EUR | ACS ACTIVIDADES CO EUR0.5 | 9 598.00 | 373 888.73 | 0.02 |
| EUR | AENA SME S.A. EUR10 | 2 448.00 | 449 950.77 | 0.02 |
| EUR | AMADEUS IT GROUP EUR0.01 | 15 559.00 | 1 240 332.05 | 0.05 |
| EUR | BANKIA S.A. EUR1 (POST CONS) | 51 663.00 | 100 170.54 | 0.00 |
| EUR | BCO DE SABADELL EUR0.125 | 217 232.00 | 241 196.64 | 0.01 |
| EUR | CAIXABANK SA EUR1 | 129 434.00 | 382 330.62 | 0.02 |
| EUR | CELLNEX TELECOM SA EUR0.25 | 8 680.00 | 373 252.15 | 0.02 |
| EUR | ENAGAS SA EUR1.50 | 8 279.00 | 206 393.70 | 0.01 |
| EUR | ENDESA SA EUR1.2 | 11 703.00 | 318 464.00 | 0.01 |
| EUR | FERROVIAL SA EUR0.2 | 16 939.00 | 503 343.57 | 0.02 |
| EUR | GRIFOLS SA EUR0.25 (CLASS A) POST SUBD | 11 258.00 | 384 929.33 | 0.02 |
| EUR | IBERDROLA SA EUR0.75 (POST SUBDIVISION) | 213 510.00 | 2 101 795.17 | 0.09 |
| EUR | INDITEX EUR0.03 (POST SUBD) | 38 700.00 | 1 205 871.72 | 0.05 |
| EUR | NATURGY ENERGY GRO EUR1 | 11 335.00 | 294 952.12 | 0.01 |
| EUR | RED ELECTRICA CORP EUR0.5 | 16 239.00 | 317 815.90 | 0.01 |
| EUR | REPSOL SA EUR1 | 51 748.00 | 815 349.46 | 0.04 |
| EUR | SIEMENS GAMESA RENEWABLE ENERGY | 8 273.00 | 132 129.42 | 0.01 |
| EUR | TELEFONICA SA EUR1 | 165 226.00 | 1 266 502.76 | 0.05 |
| Total Spain |  | 10 708 668.65 | 0.46 |
| Switzerland |  |  |  |
| CHF	PARGESA HLDGS SA CHF20(BR) | 2 197.00 | 173 456.05 | 0.01 |
| CHF	SWATCH GROUP CHF2.25(BR) | 1 483.00 | 415 510.08 | 0.02 |
| CHF	SWISS RE AG CHF0.10 | 16 196.00 | 1 755 167.66 | 0.07 |
| CHF	VIFOR PHARMA AG CHF0.01 | 2 376.00 | 423 916.35 | 0.02 |
| Total Switzerland |  | 2 768 050.14 | 0.12 |
| United Kingdom |  |  |  |
| GBP	3I GROUP ORD GBP0.738636 | 31 051.00 | 430 161.46 | 0.02 |
| GBP	ASTRAZENECA ORD USD0.25 | 39 856.00 | 3 844 877.63 | 0.16 |
| GBP	AVIVA ORD GBP0.25 | 119 546.00 | 624 407.05 | 0.03 |
| GBP	BAE SYSTEMS ORD GBP0.025 | 98 583.00 | 731 183.11 | 0.03 |
| GBP	BARRATT DEVEL ORD GBP0.10 | 32 083.00 | 276 717.73 | 0.01 |
| GBP	BRIT AMER TOBACCO ORD GBP0.25 | 69 603.00 | 2 754 963.30 | 0.12 |
| GBP	BRITISH LAND CO PLC REIT | 29 357.00 | 218 574.19 | 0.01 |
| GBP	BT GROUP ORD GBP0.05 | 243 637.00 | 603 690.73 | 0.03 |
| GBP	BUNZL ORD GBP0.32142857 | 10 010.00 | 274 884.66 | 0.01 |
| USD	COCA-COLA EUROPEAN ORD EUR0.01 | 8 791.00 | 443 593.86 | 0.02 |
| GBP	EVRAZ PLC ORD USD1 | 14 587.00 | 69 888.13 | 0.00 |
| GBP	HALMA ORD GBP0.10 | 10 871.00 | 296 138.11 | 0.01 |
| GBP	INFORMA PLC (GB) ORD GBP0.001 | 40 375.00 | 413 309.14 | 0.02 |
| GBP	ITV ORD GBP0.10 | 124 208.00 | 233 122.09 | 0.01 |
| GBP	JOHNSON MATTHEY ORD GBP1.109245 | 5 997.00 | 222 939.61 | 0.01 |
| GBP	KINGFISHER ORD GBP0.157142857 | 56 170.00 | 152 504.72 | 0.01 |
| GBP	LAND SECURITIES GP ORD GBP0.106666666 | 21 555.00 | 267 215.27 | 0.01 |
| GBP	LLOYDS BANKING GP ORD GBP0.1 | 2 164 291.00 | 1 711 900.62 | 0.07 |
| GBP	MARKS & SPENCER GP ORD GBP0.25 | 63 025.00 | 158 439.64 | 0.01 |
| GBP	MEGGITT ORD GBP0.05 | 19 913.00 | 165 620.50 | 0.01 |
| GBP	MELROSE INDUST PLC ORD GBP0.0685714 | 145 826.00 | 433 085.14 | 0.02 |
| GBP	NATIONAL GRID ORD GBP0.12431289 | 105 726.00 | 1 216 723.30 | 0.05 |
| GBP	OCADO GROUP PLC ORD GBP0.02 | 13 451.00 | 230 535.01 | 0.01 |
| GBP	RECKITT BENCK GRP ORD GBP0.10 | 21 479.00 | 1 685 322.03 | 0.07 |
| GBP	RELX PLC GBP0.1444 | 54 020.00 | 1 308 756.32 | 0.06 |
| EUR	RELX PLC GBP0.1444 | 5 137.00 | 124 495.96 | 0.01 |
| GBP	RENTOKIL INITIAL ORD GBP0.01 | 53 115.00 | 305 665.23 | 0.01 |
| GBP	ROLLS-ROYCE HLDGS ORD GBP0.20 | 53 657.00 | 493 888.32 | 0.02 |
| GBP	SAGE GROUP GBP0.01051948 | 33 348.00 | 325 156.43 | 0.01 |
| GBP	SEVERN TRENT ORD GBP0.9789 | 7 628.00 | 221 312.73 | 0.01 |
| GBP	SMITHS GROUP ORD GBP0.375 | 12 251.00 | 263 213.16 | 0.01 |
| GBP	SPIRAX-SARCO ENG ORD GBP0.269230769 | 2 146.00 | 247 744.70 | 0.01 |
| GBP	SSE PLC ORD GBP0.50 | 29 940.00 | 503 456.07 | 0.02 |
| GBP	ST JAMES’S PLACE ORD GBP0.15 | 16 726.00 | 235 497.86 | 0.01 |
| EUR	UNILEVER EUR0.16 | 52 067.00 | 3 088 608.19 | 0.13 |
| GBP	UNITED UTILITIES G ORD GBP0.05 | 21 066.00 | 232 541.86 | 0.01 |
| GBP	WEIR GROUP ORD GBP0.125 | 6 726.00 | 121 409.63 | 0.01 |
| GBP	WHITBREAD ORD GBP0.76797385 | 4 401.00 | 261 920.83 | 0.01 |
| GBP	WPP PLC ORD GBP0.10 | 40 117.00 | 519 172.86 | 0.02 |
| Total United Kingdom |  | 25 712 637.18 | 1.10 |
| Total Bearer shares |  | 166 442 579.09 | 7.14 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (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) |  |
| Participation certificates |  |  |  |
| Switzerland |  |  |  |
| CHF	LINDT & SPRUENGLI PTG CERT CHF10 | 55.00 | 419 647.77 | 0.02 |
| CHF	SCHINDLER-HLDG AG PTG CERT CHF0.10(POST-SUBD) | 2 137.00 | 533 100.62 | 0.02 |
| Total Switzerland |  | 952 748.39 | 0.04 |
| Total Participation certificates |  | 952 748.39 | 0.04 |
| Other shares |  |  |  |
| Switzerland |  |  |  |
| CHF	ROCHE HLDGS AG GENUSSCHEINE NPV | 37 217.00 | 11 477 739.93 | 0.49 |
| Total Switzerland |  | 11 477 739.93 | 0.49 |
| Total Other shares |  | 11 477 739.93 | 0.49 |
| Preference shares |  |  |  |
| Germany |  |  |  |
| EUR	BAYERISCHE MOTORENWERKE AG EUR1 | 1 622.00 | 100 151.36 | 0.00 |
| EUR	FUCHS PETROLUB SE NON-VTG PRF NPV | 2 221.00 | 95 995.89 | 0.00 |
| EUR	HENKEL AG&CO. KGAA NON-VTG PRF NPV | 6 330.00 | 669 190.43 | 0.03 |
| EUR	PORSCHE AUTO HL SE NON VTG PRF NPV | 5 447.00 | 403 473.83 | 0.02 |
| EUR	SARTORIUS AG NON VTG PRF NPV | 1 189.00 | 250 792.65 | 0.01 |
| EUR	VOLKSWAGEN AG NON VTG PRF NPV | 6 558.00 | 1 268 869.70 | 0.06 |
| Total Germany |  | 2 788 473.86 | 0.12 |
| Total Preference shares |  | 2 788 473.86 | 0.12 |
| Registered shares |  |  |  |
| Australia |  |  |  |
| GBP	BHP GROUP PLC ORD USD0.50	64 319.00 | 1 422 662.31 | 0.06 |
| Total Australia | 1 422 662.31 | 0.06 |
| Belgium |  |  |  |  |
| EUR | AGEAS NPV | 6 545.00 | 393 155.84 | 0.02 |
| EUR | KBC GROUP NV NPV | 8 879.00 | 647 509.63 | 0.03 |
| EUR | TELENET GRP HLDG NPV | 1 723.00 | 77 814.98 | 0.00 |
| EUR | UCB NPV | 4 586.00 | 371 957.88 | 0.01 |
| Total Belgium	1 490 438.33	0.06 |
| Canada |  |  |  |  |
| CAD | 1ST QUANTUM MINLS COM NPV | 23 700.00 | 216 792.77 | 0.01 |
| CAD | AGNICO EAGLE MINES LTD COM | 7 787.00 | 462 676.48 | 0.02 |
| CAD | ALIMENTATION COUCHE TARD INC SUB VTG SH | 28 020.00 | 916 807.23 | 0.04 |
| CAD | BANK NOVA SCOTIA HALIFAX COM | 39 607.00 | 2 234 630.97 | 0.10 |
| CAD | BANK OF MONTREAL COM NPV | 20 835.00 | 1 603 428.35 | 0.07 |
| CAD | BARRICK GOLD CORP COM NPV | 56 514.00 | 943 708.28 | 0.04 |
| CAD | BCE INC COM NEW | 4 883.00 | 235 060.43 | 0.01 |
| CAD | BLACKBERRY LTD NPV | 15 010.00 | 82 833.28 | 0.00 |
| CAD | BROOKFIELD ASSET M LTD VTG SHS NPV CL’A’ | 28 794.00 | 1 665 965.67 | 0.07 |
| CAD | CAN PACIFIC RYS COM NPV | 4 526.00 | 1 071 894.46 | 0.05 |
| CAD | CANADIAN NAT RES LTD COM | 39 088.00 | 1 092 080.32 | 0.05 |
| CAD | CANADIAN NATL RY CO COM | 23 587.00 | 2 141 786.61 | 0.09 |
| CAD | CANADIAN TIRE LTD CL A | 2 167.00 | 252 486.29 | 0.01 |
| CAD | CCL INDUSTRIES INC ‘B’NON-VTG COM NPV | 5 100.00 | 218 129.87 | 0.01 |
| CAD | CDN IMPERIAL BK OF COMMERCE COM | 14 253.00 | 1 238 962.08 | 0.05 |
| CAD | CENOVUS ENERGY INC COM NPV | 34 826.00 | 307 816.48 | 0.01 |
| CAD | CGI INC COM NPV SUB VOTING SHARES C | 8 065.00 | 668 333.94 | 0.03 |
| CAD | CONSTELLATION SOFT COM STK NPV | 643.00 | 687 420.61 | 0.03 |
| CAD | CRONOS GROUP INC COM NPV | 5 200.00 | 35 351.78 | 0.00 |
| CAD | DOLLARAMA INC COM NPV | 10 046.00 | 367 502.45 | 0.02 |
| CAD | ENBRIDGE INC COM NPV | 66 226.00 | 2 507 937.36 | 0.11 |
| CAD | ENCANA CORP COM NPV | 50 707.00 | 198 895.89 | 0.01 |
| CAD | FAIRFAX FINL HLDGS LTD SUB VTG | 868.00 | 392 101.40 | 0.02 |
| CAD | FORTIS INC COM NPV | 13 007.00 | 509 606.08 | 0.02 |
| CAD | FRANCO NEVADA CORP COM NPV | 6 316.00 | 621 352.70 | 0.03 |
| CAD | GILDAN ACTIVEWEAR INC COM | 6 300.00 | 184 980.24 | 0.01 |
| CAD | GREAT WEST LIFECO INC COM | 10 026.00 | 252 489.89 | 0.01 |
| CAD | IA FINANCIAL CORP COM NPV | 4 200.00 | 215 019.76 | 0.01 |
| CAD | IMPERIAL OIL LTD COM NEW | 9 616.00 | 240 789.13 | 0.01 |
| CAD | INTACT FINL CORP COM NPV | 4 720.00 | 486 729.46 | 0.02 |
| CAD | INTER PIPELINE LTD COM NPV | 13 598.00 | 225 225.67 | 0.01 |
| CAD | LOBLAW COS LTD COM | 5 739.00 | 309 363.75 | 0.01 |
| CAD | MAGNA INTL INC COM NPV | 9 674.00 | 532 989.51 | 0.02 |
| CAD | MANULIFE FINL CORP COM | 63 935.00 | 1 257 761.38 | 0.05 |
| CAD | METRO INC CL A SUB | 8 386.00 | 367 323.53 | 0.02 |
| CAD | NATL BK OF CANADA COM NPV | 10 630.00 | 569 414.27 | 0.02 |
| CAD | NUTRIEN LTD NPV | 19 476.00 | 919 363.97 | 0.04 |
| CAD | OPEN TEXT CO COM NPV | 9 300.00 | 404 907.96 | 0.02 |
| CAD | PEMBINA PIPELINE C COM NPV | 16 798.00 | 586 554.67 | 0.02 |
| CAD | POWER CORP CDA COM | 10 045.00 | 243 817.65 | 0.01 |
| CAD | POWER FINANCIAL CORP COM | 7 963.00 | 194 721.05 | 0.01 |
| CAD | RESTAURANT BRANDS COM NPV | 7 500.00 | 492 772.44 | 0.02 |
| CAD | ROGERS COMMS INC CLASS’B’COM CAD1.62478 | 11 260.00 | 546 108.94 | 0.02 |
| CAD | ROYAL BK OF CANADA COM NPV | 46 572.00 | 3 812 364.81 | 0.16 |
| CAD | SAPUTO INC COM | 8 222.00 | 248 532.51 | 0.01 |
| CAD | SHAW COMMUNICATIONS INC CL B CONV | 16 077.00 | 332 251.95 | 0.01 |
| CAD | SHOPIFY INC COM NPV CL A | 3 264.00 | 1 094 634.90 | 0.05 |
| CAD | SUN LIFE FINL INC COM | 18 567.00 | 847 239.50 | 0.04 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (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) |  |
|  |  |  |  |  |
| CAD | SUNCOR ENERGY INC COM NPV ‘NEW’ | 50 853.00 | 1 586 177.14 | 0.07 |
| CAD | TC ENERGY CORPORAT COM NPV | 30 249.00 | 1 530 384.19 | 0.06 |
| CAD | TECK RESOURCES LTD CLASS’B’SUB-VTG COM NPV | 15 232.00 | 238 528.59 | 0.01 |
| CAD | THOMSON-REUTERS CP COM NPV(POST REV SPLIT) | 6 300.00 | 440 537.55 | 0.02 |
| CAD | TORONTO-DOMINION COM NPV | 59 425.00 | 3 426 584.42 | 0.15 |
| CAD | WESTON GEORGE LTD COM | 2 357.00 | 191 718.64 | 0.01 |
| CAD | WHEATON PRECIOUS M COM NPV | 15 260.00 | 419 341.24 | 0.02 |
| Total Canada | 42 872 190.49 | 1.84 |
| Finland |  |  |  |  |
| EUR | ELISA CORPORATION EUR0.50 | 5 160.00 | 275 993.57 | 0.01 |
| EUR | FORTUM OYJ EUR3.40 | 16 267.00 | 383 650.91 | 0.02 |
| EUR | NESTE OIL OYJ NPV | 15 279.00 | 516 854.47 | 0.02 |
| EUR | NOKIA OYJ NPV | 207 167.00 | 733 578.33 | 0.03 |
| EUR | NOKIAN RENKAAT OYJ NPV | 4 725.00 | 127 952.32 | 0.00 |
| EUR | ORION CORP SER’B’NPV | 3 599.00 | 156 746.17 | 0.01 |
| EUR | SAMPO OYJ SER’A’NPV | 16 061.00 | 649 915.11 | 0.03 |
| EUR | STORA ENSO OYJ NPV SER’R’ | 21 140.00 | 284 369.36 | 0.01 |
| EUR | UPM-KYMMENE CORP NPV | 18 916.00 | 632 377.62 | 0.03 |
| Total Finland	3 761 437.86	0.16 |
| France |  |  |  |  |
| EUR | BOLLORE EUR0.16 (RFD 01/01/2020) | 195.00 | 819.18 | 0.00 |
| EUR | GECINA EUR7.50 | 1 420.00 | 245 500.50 | 0.01 |
| EUR | MICHELIN (CGDE) EUR2 | 6 361.00 | 763 785.24 | 0.03 |
| Total France | 1 010 104.92 | 0.04 |
| Germany |  |  |  |  |
| EUR | ADIDAS AG NPV (REGD) | 6 507.00 | 2 028 623.30 | 0.09 |
| EUR | ALLIANZ SE NPV(REGD)(VINKULIERT) | 15 157.00 | 3 632 376.72 | 0.16 |
| EUR | AXEL SPRINGER SE NPV (ASD 02/08/19 TRAVIATA) | 1 719.00 | 118 460.59 | 0.00 |
| EUR | BASF SE NPV | 32 872.00 | 2 472 611.20 | 0.11 |
| EUR | BAYER AG NPV (REGD) | 33 574.00 | 2 543 184.17 | 0.11 |
| EUR | BRENNTAG AG | 5 798.00 | 309 479.07 | 0.01 |
| EUR | DAIMLER AG ORD NPV(REGD) | 32 991.00 | 1 862 444.88 | 0.08 |
| EUR | DELIVERY HERO SE NPV | 4 177.00 | 221 066.89 | 0.01 |
| EUR | DEUTSCHE BANK AG NPV(REGD) | 70 032.00 | 505 309.90 | 0.02 |
| EUR | DEUTSCHE BOERSE AG NPV(REGD) | 6 756.00 | 1 037 296.31 | 0.04 |
| EUR | DEUTSCHE LUFTHANSA ORD NPV (REGD)(VINK) | 8 203.00 | 155 748.49 | 0.01 |
| EUR | DEUTSCHE POST AG NPV(REGD) | 36 251.00 | 1 352 596.73 | 0.06 |
| EUR | DEUTSCHE TELEKOM NPV(REGD) | 118 749.00 | 1 994 889.81 | 0.09 |
| EUR | E.ON SE NPV | 79 547.00 | 833 055.54 | 0.04 |
| EUR | EVONIK INDUSTRIES NPV | 7 121.00 | 206 811.53 | 0.01 |
| EUR | HANNOVER RUECKVERS ORD NPV(REGD) | 1 949.00 | 362 101.01 | 0.01 |
| EUR | INFINEON TECHNOLOG AG NPV (REGD) | 45 840.00 | 979 931.25 | 0.04 |
| EUR | MTU AERO ENGINES H NPV (REGD) | 1 855.00 | 502 944.93 | 0.02 |
| EUR | MUENCHENER RUECKVE NPV(REGD) | 5 236.00 | 1 504 499.46 | 0.06 |
| EUR | SIEMENS AG NPV(REGD) | 27 491.00 | 3 550 091.85 | 0.15 |
| EUR | SIEMENS HEALTHINEE NPV | 5 036.00 | 244 429.57 | 0.01 |
| EUR | TELEFONICA DEUTSCH NPV | 30 268.00 | 92 477.96 | 0.00 |
| GBP | TUI AG NPV (REGD) | 15 308.00 | 210 582.55 | 0.01 |
| EUR | UNIPER SE NPV | 6 473.00 | 209 117.90 | 0.01 |
| EUR | UNITED INTERNET AG NPV(REGD) | 4 232.00 | 143 485.75 | 0.01 |
| EUR | VONOVIA SE NPV | 18 004.00 | 938 763.74 | 0.04 |
| Total Germany	28 012 381.10	1.20 |
| Ireland |  |  |  |  |
| EUR | CRH ORD EUR0.32 | 27 805.00 | 1 064 745.15 | 0.05 |
| GBP | EXPERIAN ORD USD0.10 | 27 750.00 | 919 979.24 | 0.04 |
| EUR | KINGSPAN GROUP ORD EUR0.13(DUBLIN LISTING) | 5 303.00 | 286 039.54 | 0.01 |
| EUR | SMURFIT KAPPA GRP ORD EUR0.001 | 7 220.00 | 256 336.86 | 0.01 |
| Total Ireland |  | 2 527 100.79 | 0.11 |
| Isle of Man |  |  |  |
| GBP	GVC HLDGS PLC ORD EUR0.01 | 19 602.00 | 215 924.77 | 0.01 |
| Total Isle of Man |  | 215 924.77 | 0.01 |
| Italy |  |  |  |
| EUR	ATLANTIA SPA EUR1 | 17 410.00 | 386 228.88 | 0.02 |
| EUR	DAVIDE DE CAMPARI EUR0.05 (POST SUBD) | 20 892.00 | 190 849.28 | 0.01 |
| EUR	ENEL EUR1 | 287 314.00 | 2 171 928.80 | 0.09 |
| EUR	ENI SPA EUR1 | 91 565.00 | 1 384 559.53 | 0.06 |
| EUR	FERRARI NV EUR0.01(NEW) | 4 320.00 | 730 679.79 | 0.03 |
| EUR	INTESA SANPAOLO NPV | 527 043.00 | 1 336 861.06 | 0.06 |
| EUR	MEDIOBANCA SPA EUR0.5 | 21 106.00 | 236 205.48 | 0.01 |
| EUR	MONCLER SPA NPV | 6 896.00 | 302 392.37 | 0.01 |
| EUR	PIRELLI & C SPA NPV | 11 220.00 | 63 711.53 | 0.00 |
| EUR	PRYSMIAN SPA EUR0.10 | 7 571.00 | 172 715.66 | 0.01 |
| EUR	RECORDATI EUR0.125 | 3 698.00 | 155 227.18 | 0.01 |
| EUR	SNAM EUR1 | 72 821.00 | 362 279.46 | 0.02 |
| EUR	TERNA SPA ORD EUR0.22 | 51 514.00 | 331 140.13 | 0.01 |
| EUR	UNICREDIT SPA NPV (POST REV SPLIT) | 73 068.00 | 1 012 054.73 | 0.04 |
| Total Italy |  | 8 836 833.88 | 0.38 |
| Japan |  |  |  |
| JPY	ABC-MART INC NPV | 400.00 | 26 627.71 | 0.00 |
| JPY	AEON CO LTD NPV | 11 800.00 | 240 611.81 | 0.01 |
| JPY	AEON MALL CO LTD NPV | 2 700.00 | 43 368.64 | 0.00 |
| JPY	AGC INC NPV | 3 600.00 | 131 330.47 | 0.01 |
| JPY	AJINOMOTO CO INC NPV | 9 400.00 | 156 566.52 | 0.01 |
| JPY	ALFRESA HOLDINGS NPV | 3 000.00 | 61 939.55 | 0.00 |
| JPY	ALPS ALPINE CO LTD NPV | 5 300.00 | 119 589.99 | 0.01 |
| JPY	ANA HOLDINGS INC NPV | 2 200.00 | 74 873.53 | 0.00 |
| JPY	ASAHI GROUP HLDGS NPV | 7 700.00 | 370 269.38 | 0.02 |
| JPY	ASAHI KASEI CORP NPV | 23 900.00 | 268 332.11 | 0.01 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (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) |  |
|  |  |  |  |  |
| JPY | ASTELLAS PHARMA NPV | 36 500.00 | 622 443.15 | 0.03 |
| JPY | BRIDGESTONE CORP NPV | 11 700.00 | 467 423.06 | 0.02 |
| JPY | BROTHER INDUSTRIES NPV | 3 600.00 | 71 335.95 | 0.00 |
| JPY | CANON INC NPV | 20 900.00 | 578 275.95 | 0.03 |
| JPY | CASIO COMPUTER CO NPV | 4 300.00 | 81 947.77 | 0.00 |
| JPY | CHUBU ELEC POWER NPV | 14 700.00 | 204 841.57 | 0.01 |
| JPY | CHUGOKU ELEC POWER NPV | 5 700.00 | 75 316.41 | 0.00 |
| JPY | DAI NIPPON PRINTNG NPV | 5 200.00 | 138 986.39 | 0.01 |
| JPY | DAIWA SECS GROUP NPV | 27 700.00 | 140 384.44 | 0.01 |
| JPY | DENSO CORP NPV | 9 100.00 | 406 180.25 | 0.02 |
| JPY | EAST JAPAN RAILWAY NPV | 6 400.00 | 588 512.46 | 0.03 |
| JPY | ELEC POWER DEV NPV | 2 600.00 | 62 323.08 | 0.00 |
| JPY | FAMILYMART CO LTD NPV | 4 300.00 | 101 462.88 | 0.00 |
| JPY | FUJI FILM HLD CORP NPV | 7 100.00 | 335 322.80 | 0.01 |
| JPY | FUJITSU NPV | 3 700.00 | 336 213.13 | 0.01 |
| JPY | HAKUHODO DY HLDGS NPV | 4 100.00 | 66 230.48 | 0.00 |
| JPY | HAMAMATSU PHOTONIC NPV | 2 300.00 | 93 146.74 | 0.00 |
| JPY | HINO MOTORS NPV | 4 800.00 | 46 943.66 | 0.00 |
| JPY | HITACHI CONST MACH NPV | 1 700.00 | 44 801.39 | 0.00 |
| JPY | HITACHI METALS NPV | 5 100.00 | 71 346.91 | 0.00 |
| JPY | HITACHI NPV | 18 900.00 | 742 124.00 | 0.03 |
| JPY | HONDA MOTOR CO NPV | 33 600.00 | 941 020.91 | 0.04 |
| JPY | HOYA CORP NPV | 7 500.00 | 684 184.09 | 0.03 |
| JPY | IIDA GROUP HOLDING NPV | 3 300.00 | 58 611.09 | 0.00 |
| JPY | INPEX CORPORATION NPV | 21 600.00 | 210 851.98 | 0.01 |
| JPY | ITOCHU CORP NPV | 26 300.00 | 573 503.79 | 0.03 |
| JPY | JAPAN AIRLINES CO NPV | 2 100.00 | 65 237.88 | 0.00 |
| JPY | JAPAN POST BANK CO NPV | 7 100.00 | 68 724.32 | 0.00 |
| JPY | JAPAN POST HOLD CO NPV | 28 600.00 | 268 737.10 | 0.01 |
| JPY | JAPAN PRIME REALTY INVESTMENT CORP | 15.00 | 68 281.44 | 0.00 |
| JPY | JAPAN RETAIL FUND INVESTMENT CORP | 46.00 | 104 719.20 | 0.01 |
| JPY | JAPAN TOBACCO INC NPV | 23 000.00 | 523 911.06 | 0.02 |
| JPY | JFE HOLDINGS INC NPV | 10 500.00 | 133 754.91 | 0.01 |
| JPY | JXTG HOLDINGS INC NPV | 68 700.00 | 305 263.63 | 0.01 |
| JPY | KDDI CORP NPV | 34 700.00 | 994 642.49 | 0.04 |
| JPY | KEYENCE CORP NPV | 3 600.00 | 1 230 791.70 | 0.05 |
| JPY | KONAMI HOLDINGS CORP NPV | 1 500.00 | 66 021.37 | 0.00 |
| JPY | KONICA MINOLTA INC NPV | 8 100.00 | 53 033.51 | 0.00 |
| JPY | KUBOTA CORP NPV | 21 700.00 | 334 585.42 | 0.01 |
| JPY | KYOCERA CORP NPV | 6 600.00 | 448 819.28 | 0.02 |
| JPY | KYOWA KIRIN CO LTD NPV | 4 500.00 | 95 457.04 | 0.00 |
| JPY | LAWSON INC NPV | 500.00 | 27 212.13 | 0.00 |
| JPY | LIXIL GROUP CORP COM NPV | 5 600.00 | 94 603.23 | 0.00 |
| JPY | MARUBENI CORP NPV | 29 500.00 | 217 714.36 | 0.01 |
| JPY | MAZDA MOTOR CORP NPV | 8 800.00 | 77 947.22 | 0.00 |
| JPY | MEDIPAL HOLDINGS CORP NPV | 3 400.00 | 72 899.28 | 0.00 |
| JPY | MERCARI INC NPV | 1 600.00 | 35 269.84 | 0.00 |
| JPY | MITSUBISHI CHEM HL NPV | 22 600.00 | 167 513.65 | 0.01 |
| JPY | MITSUBISHI CORP NPV | 26 600.00 | 696 151.95 | 0.03 |
| JPY | MITSUBISHI ELEC CP NPV | 35 200.00 | 485 844.21 | 0.02 |
| JPY | MITSUBISHI ESTATE NPV | 23 500.00 | 430 579.40 | 0.02 |
| JPY | MITSUBISHI HVY IND NPV | 6 700.00 | 256 228.65 | 0.01 |
| JPY | MITSUBISHI MATERLS NPV | 2 000.00 | 53 401.52 | 0.00 |
| JPY | MITSUBISHI TANABE PHARMA CORP NPV | 4 600.00 | 84 136.61 | 0.00 |
| JPY | MITSUBISHI UFJ FIN NPV | 241 300.00 | 1 273 815.44 | 0.06 |
| JPY | MITSUI & CO NPV | 32 600.00 | 577 369.19 | 0.03 |
| JPY | MITSUI O.S.K.LINES NPV | 1 900.00 | 49 794.54 | 0.00 |
| JPY | MIZUHO FINL GP NPV | 483 300.00 | 746 729.61 | 0.03 |
| JPY | MS&AD INSURANCE GROUP HOLDINGS INC NPV | 9 500.00 | 307 181.99 | 0.01 |
| JPY | MURATA MFG CO NPV | 11 100.00 | 643 031.68 | 0.03 |
| JPY | NEC CORP NPV | 5 200.00 | 207 743.58 | 0.01 |
| JPY | NEXON CO LTD NPV | 10 800.00 | 147 241.35 | 0.01 |
| JPY | NGK INSULATORS NPV | 4 200.00 | 69 226.55 | 0.00 |
| JPY | NGK SPARK PLUG CO NPV | 2 800.00 | 56 020.45 | 0.00 |
| JPY | NIKON CORP NPV | 5 500.00 | 75 385.81 | 0.00 |
| JPY | NINTENDO CO LTD NPV | 2 200.00 | 850 789.88 | 0.04 |
| JPY | NIPPON PROLOGIS RE REIT | 33.00 | 88 504.25 | 0.00 |
| JPY | NIPPON TEL&TEL CP NPV | 13 400.00 | 676 301.70 | 0.03 |
| JPY | NIPPON YUSEN KK NPV | 1 700.00 | 29 169.03 | 0.00 |
| JPY | NISSAN MOTOR CO NPV | 48 600.00 | 301 248.10 | 0.01 |
| JPY | NOMURA HOLDINGS NPV | 69 600.00 | 356 357.59 | 0.02 |
| JPY | NOMURA REAL EST MA REIT | 90.00 | 164 204.18 | 0.01 |
| JPY | NOMURA RESEARCH IN NPV | 6 000.00 | 126 508.99 | 0.01 |
| JPY | NTT DATA CORP NPV | 13 600.00 | 185 290.84 | 0.01 |
| JPY | NTT DOCOMO NPV | 26 300.00 | 721 202.63 | 0.03 |
| JPY | OMRON CORP NPV | 3 900.00 | 228 992.78 | 0.01 |
| JPY | ORIX CORP NPV | 25 400.00 | 415 756.55 | 0.02 |
| JPY | OSAKA GAS CO NPV | 7 100.00 | 133 039.90 | 0.01 |
| JPY | OTSUKA CORP NPV | 2 800.00 | 112 117.61 | 0.01 |
| JPY | OTSUKA HLDGS CO NPV | 8 300.00 | 361 831.79 | 0.02 |
| JPY | PANASONIC CORP NPV | 41 900.00 | 394 857.09 | 0.02 |
| JPY | PARK 24 CO LTD NPV | 1 700.00 | 41 060.18 | 0.00 |
| JPY | RENESAS ELECTRONIC NPV | 13 700.00 | 89 198.25 | 0.00 |
| JPY | RESONA HOLDINGS NPV | 39 200.00 | 166 128.39 | 0.01 |
| JPY | RICOH CO NPV | 13 400.00 | 137 903.39 | 0.01 |
| JPY | ROHM CO LTD NPV | 1 700.00 | 142 818.01 | 0.01 |
| JPY | SANTEN PHARM CO NPV | 8 600.00 | 160 989.86 | 0.01 |
| JPY | SEGA SAMMY HLDGS I NPV | 3 800.00 | 54 791.34 | 0.00 |
| JPY | SEIKO EPSON CORP NPV | 7 100.00 | 108 013.88 | 0.01 |
| JPY | SEKISUI CHEMICAL NPV | 7 700.00 | 133 946.67 | 0.01 |
| JPY | SEVEN & I HOLDINGS NPV | 14 700.00 | 547 407.54 | 0.02 |
| JPY | SG HOLDINGS CO LTD NPV | 1 500.00 | 35 969.32 | 0.00 |
| JPY | SHIMADZU CORP NPV | 4 000.00 | 120 354.30 | 0.01 |
| JPY | SHIMAMURA CO NPV | 400.00 | 32 070.13 | 0.00 |
| JPY | SOFTBANK CORP NPV | 34 800.00 | 472 219.89 | 0.02 |
| JPY | SOFTBANK GROUP CO NPV | 32 300.00 | 1 254 423.33 | 0.05 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (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) |  |
|  |  |  |  |  |
| JPY | SOHGO SECURITY SER NPV | 1 100.00 | 57 154.60 | 0.00 |
| JPY | SOMPO HOLDINGS INC NPV | 7 200.00 | 283 765.86 | 0.01 |
| JPY | SONY CORP NPV | 24 700.00 | 1 557 198.42 | 0.07 |
| JPY | SUBARU CORPORATION NPV | 11 700.00 | 306 255.59 | 0.01 |
| JPY | SUMCO CORPORATION NPV | 3 600.00 | 55 589.45 | 0.00 |
| JPY | SUMITOMO CHEM CO NPV | 23 000.00 | 103 753.08 | 0.01 |
| JPY | SUMITOMO CORP NPV | 24 000.00 | 361 391.65 | 0.02 |
| JPY | SUMITOMO DAINIPPON PHARMA CO LTD | 2 700.00 | 50 962.47 | 0.00 |
| JPY | SUMITOMO ELECTRIC NPV | 16 800.00 | 250 673.00 | 0.01 |
| JPY | SUMITOMO MITSUI FG NPV | 26 400.00 | 961 643.68 | 0.04 |
| JPY | SUMITOMO MITSUI TR NPV | 6 000.00 | 229 403.71 | 0.01 |
| JPY | SUMITOMO RLTY&DEV NPV | 6 700.00 | 233 346.72 | 0.01 |
| JPY | TAKEDA PHARMACEUTI NPV | 29 249.00 | 1 189 884.89 | 0.05 |
| JPY | TDK CORP NPV | 2 400.00 | 252 250.93 | 0.01 |
| JPY | TOKIO MARINE HLDG NPV | 12 600.00 | 684 825.13 | 0.03 |
| JPY | TOKYO ELEC POWER H NPV | 30 000.00 | 131 494.84 | 0.01 |
| JPY | TOKYO ELECTRON NPV | 3 100.00 | 639 758.92 | 0.03 |
| JPY | TOKYU FUDOSAN HLDG NPV | 10 300.00 | 70 635.56 | 0.00 |
| JPY | TOPPAN PRINTING CO NPV | 5 200.00 | 103 373.21 | 0.01 |
| JPY | TOSHIBA CORP NPV | 10 500.00 | 376 814.90 | 0.02 |
| JPY | TOYO SEIKAN GROUP NPV | 3 400.00 | 59 207.38 | 0.00 |
| JPY | TOYOTA MOTOR CORP NPV | 44 900.00 | 3 131 642.75 | 0.13 |
| JPY | TREND MICRO INC NPV | 2 700.00 | 145 712.72 | 0.01 |
| JPY | UNICHARM CORP NPV | 7 500.00 | 245 525.52 | 0.01 |
| JPY | UNITED URBAN INVESTMENT CORP | 54.00 | 105 031.50 | 0.01 |
| JPY | WEST JAPAN RAILWAY NPV | 3 500.00 | 308 003.83 | 0.01 |
| JPY | YAMADA DENKI CO NPV | 10 000.00 | 49 858.46 | 0.00 |
| JPY | YAMAHA MOTOR CO NPV | 6 900.00 | 144 099.17 | 0.01 |
| JPY | YAMAZAKI BAKING CO NPV | 3 200.00 | 58 646.70 | 0.00 |
| JPY | YASKAWA ELEC CORP NPV | 5 200.00 | 190 886.68 | 0.01 |
| JPY | YOKOGAWA ELECTRIC NPV | 3 800.00 | 69 504.15 | 0.00 |
| JPY | YOKOHAMA RUBBER CO NPV | 3 000.00 | 61 775.18 | 0.00 |
| JPY | Z HOLDINGS CORP NPV | 48 300.00 | 166 277.96 | 0.01 |
| Total Japan |  | 42 132 082.63 | 1.81 |
| Luxembourg |  |  |  |
| EUR	ARCELORMITTAL NPV(POST STOCK SPLIT) | 25 530.00 | 437 103.54 | 0.02 |
| EUR	TENARIS S.A. USD1 | 16 933.00 | 180 205.99 | 0.01 |
| Total Luxembourg |  | 617 309.53 | 0.03 |
| The Netherlands |  |  |  |
| EUR	ADYEN NV EUR0.01 | 371.00 | 284 790.77 | 0.01 |
| EUR	AEGON NV EUR0.12 | 70 006.00 | 315 855.81 | 0.01 |
| EUR	ASML HOLDING NV EUR0.09 | 15 126.00 | 4 119 448.12 | 0.18 |
| EUR	CNH INDUSTRIAL NV COM EUR0.01 | 36 639.00 | 392 993.31 | 0.02 |
| EUR	FIAT CHRYSLER AUTO EUR0.01 | 37 896.00 | 560 743.02 | 0.02 |
| EUR	KONINKLIJKE DSM NV EUR1.5 | 6 663.00 | 854 412.35 | 0.04 |
| EUR	NN GROUP N.V. EUR0.12 | 11 568.00 | 444 379.91 | 0.02 |
| EUR	PROSUS N.V. EUR0.05 | 17 620.00 | 1 201 998.73 | 0.05 |
| GBP	ROYAL DUTCH SHELL PLC ‘A’SHS EUR0.07 | 131 707.00 | 3 766 726.03 | 0.16 |
| Total The Netherlands |  | 11 941 348.05 | 0.51 |
| Portugal |  |  |  |
| EUR	EDP ENERGIAS PORTU EUR1(REGD) | 93 687.00 | 379 108.38 | 0.02 |
| EUR	GALP ENERGIA EUR1-B | 17 150.00 | 279 389.20 | 0.01 |
| EUR	JERONIMO MARTINS EUR5 | 10 013.00 | 160 029.64 | 0.01 |
| Total Portugal |  | 818 527.22 | 0.04 |
| South Africa |  |  |  |
| GBP	MONDI ORD EUR0.20 | 15 267.00 | 330 875.48 | 0.01 |
| Total South Africa |  | 330 875.48 | 0.01 |
| Spain |  |  |  |
| EUR	BANCO SANTANDER SA EUR0.50(REGD) | 599 427.00 | 2 337 703.08 | 0.10 |
| EUR	BANKINTER SA EUR0.3(REGD) | 22 667.00 | 158 653.25 | 0.01 |
| EUR	BBVA(BILB-VIZ-ARG) EUR0.49 | 234 666.00 | 1 237 178.37 | 0.05 |
| EUR	MAPFRE SA EUR0.10 | 39 599.00 | 111 730.69 | 0.01 |
| Total Spain |  | 3 845 265.39 | 0.17 |
| Switzerland |  |  |  |
| CHF	ABB LTD CHF0.12 (REGD) | 97 099.00 | 2 124 936.34 | 0.09 |
| CHF	ADECCO GROUP AG CHF0.1 (REGD) | 8 390.00 | 519 007.15 | 0.02 |
| CHF	ALCON AG CHF0.04 | 22 049.00 | 1 218 117.07 | 0.05 |
| CHF	BALOISE-HLDGS CHF0.1(REGD) | 2 538.00 | 441 391.30 | 0.02 |
| CHF	BARRY CALLEBAUT AG CHF0.02 (REGD) | 119.00 | 239 345.57 | 0.01 |
| CHF	CLARIANT CHF4.00(REGD) | 10 325.00 | 213 453.24 | 0.01 |
| GBP	COCA-COLA HBC AG ORD CHF6.70 | 6 405.00 | 213 666.73 | 0.01 |
| CHF	CREDIT SUISSE GRP CHF0.04(REGD) | 135 411.00 | 1 775 715.37 | 0.08 |
| CHF	DUFRY AG CHF5 (REGD) | 2 119.00 | 206 906.51 | 0.01 |
| CHF	EMS-CHEMIE HLDG AG CHF0.01(REGD)(POST RECON) | 445.00 | 276 302.10 | 0.01 |
| CHF	GEBERIT CHF0.10(REGD) | 1 969.00 | 1 057 646.67 | 0.05 |
| CHF	GIVAUDAN AG CHF10 | 485.00 | 1 426 342.12 | 0.06 |
| CHF	JULIUS BAER GRUPPE CHF0.02 (REGD) | 11 676.00 | 550 063.62 | 0.02 |
| CHF	KUEHNE&NAGEL INTL CHF1(REGD)(POST-SUBD) | 2 780.00 | 452 322.01 | 0.02 |
| CHF	LAFARGEHOLCIM LTD CHF2 (REGD) | 25 427.00 | 1 311 868.83 | 0.06 |
| CHF	LINDT & SPRUENGLI CHF100(REGD) | 6.00 | 512 132.89 | 0.02 |
| CHF	LONZA GROUP AG CHF1(REGD) | 3 927.00 | 1 334 476.61 | 0.06 |
| CHF	NESTLE SA CHF0.10(REGD) | 159 932.00 | 16 630 943.55 | 0.71 |
| CHF	NOVARTIS AG CHF0.50(REGD) | 113 722.00 | 10 476 056.76 | 0.45 |
| CHF	PARTNERS GROUP HLG CHF0.01 (REGD) | 964.00 | 813 373.49 | 0.03 |
| CHF	RICHEMONT(CIE FIN) CHF1.00 (REG) SER ‘A’ | 27 469.00 | 2 093 399.75 | 0.09 |
| CHF	SCHINDLER-HLDG AG CHF0.1(REGD)(POST-SUBD) | 1 056.00 | 252 759.49 | 0.01 |
| CHF	SGS LTD CHF1(REGD) | 282.00 | 734 241.26 | 0.03 |
| CHF	SIKA AG CHF0.01 (REG) | 6 682.00 | 1 163 758.54 | 0.05 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (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) |  |
|  |  |  |  |  |
| CHF | SONOVA HOLDING AG CHF0.05 (REGD) | 2 942.00 | 672 095.46 | 0.03 |
| CHF | STRAUMANN HLDG CHF0.1(REGD) | 535.00 | 515 004.75 | 0.02 |
| CHF | SWATCH GROUP CHF0.45(REGD) | 2 713.00 | 144 696.95 | 0.01 |
| CHF | SWISS LIFE HLDG CHF5.1(REGD) | 1 792.00 | 889 051.48 | 0.04 |
| CHF | SWISS PRIME SITE CHF15.3 (REGD) | 4 140.00 | 437 468.35 | 0.02 |
| CHF | SWISSCOM AG CHF1(REGD) | 1 347.00 | 697 660.68 | 0.03 |
| CHF | TEMENOS AG CHF5 (REGD) | 3 406.00 | 517 026.27 | 0.02 |
| CHF | UBS GROUP CHF0.10 (REGD) | 202 742.00 | 2 458 831.28 | 0.11 |
| CHF | ZURICH INSURANCE GRP CHF0.10 | 8 001.00 | 3 140 833.84 | 0.13 |
| Total Switzerland |  | 55 510 896.03 | 2.38 |
| United Arab Emirates |  |  |  |
| GBP	NMC HEALTH PLC ORD GBP0.1 | 3 082.00 | 100 022.97 | 0.00 |
| Total United Arab Emirates |  | 100 022.97 | 0.00 |
| United Kingdom |  |  |  |
| GBP	ADMIRAL GROUP ORD GBP0.001 | 4 898.00 | 135 581.05 | 0.01 |
| GBP	ANGLO AMERICAN USD0.54945 | 32 395.00 | 849 162.93 | 0.04 |
| GBP	ANTOFAGASTA ORD GBP0.05 | 10 546.00 | 118 406.06 | 0.00 |
| GBP	ASHTEAD GROUP ORD GBP0.10 | 14 188.00 | 431 276.18 | 0.02 |
| GBP	ASSOCD BRIT FOODS ORD GBP0.0568 | 10 551.00 | 350 609.89 | 0.01 |
| GBP	AUTO TRADER GROUP ORD GBP0.01 | 30 420.00 | 221 137.28 | 0.01 |
| GBP	BARCLAYS ORD GBP0.25 | 527 874.00 | 1 171 283.73 | 0.05 |
| GBP	BERKELEY GP HLDGS ORD GBP0.05 | 4 010.00 | 237 872.84 | 0.01 |
| GBP	BP ORD USD0.25 | 616 193.00 | 3 827 413.20 | 0.16 |
| GBP	BURBERRY GROUP ORD GBP0.0005 | 12 468.00 | 339 319.61 | 0.01 |
| GBP	CARNIVAL PLC ORD USD1.66 | 4 473.00 | 188 212.90 | 0.01 |
| GBP	CENTRICA ORD GBP0.061728395 | 182 116.00 | 188 971.89 | 0.01 |
| GBP	COMPASS GROUP ORD GBP0.1105 | 48 276.00 | 1 183 020.64 | 0.05 |
| GBP	CRODA INTL ORD GBP0.10609756 | 4 027.00 | 259 404.44 | 0.01 |
| GBP	DIAGEO ORD GBP0.28 101/108 | 71 875.00 | 2 942 510.39 | 0.13 |
| GBP	DIRECT LINE INSURA ORD GBP 0.109090909 | 35 965.00 | 142 074.30 | 0.01 |
| GBP	EASYJET ORD GBP0.27285714 | 4 582.00 | 79 300.81 | 0.00 |
| GBP	FERGUSON PLC (NEW) ORD GBP0.10 | 6 689.00 | 581 602.33 | 0.02 |
| GBP	G4S ORD GBP0.25 | 43 137.00 | 116 673.01 | 0.00 |
| GBP	GLAXOSMITHKLINE ORD GBP0.25 | 151 436.00 | 3 435 778.45 | 0.15 |
| GBP	HARGREAVES LANSDOW ORD GBP0.004 (WI) | 9 273.00 | 222 500.30 | 0.01 |
| GBP	HSBC HLDGS ORD USD0.50(UK REG) | 613 676.00 | 4 574 611.23 | 0.20 |
| GBP	IMPERIAL BRANDS PL GBP0.10 | 29 130.00 | 641 759.88 | 0.03 |
| GBP	INTERCONTL HOTELS ORD GBP0.208521303 | 5 090.00 | 329 656.62 | 0.01 |
| GBP	INTERTEK GROUP ORD GBP0.01 | 4 832.00 | 344 760.59 | 0.01 |
| GBP	LEGAL & GENERAL GP ORD GBP0.025 | 183 447.00 | 666 543.94 | 0.03 |
| GBP	LONDON STOCK EXCH ORD GBP0.06918604 | 9 715.00 | 863 559.74 | 0.04 |
| GBP	M&G PLC ORD GBP0.05 | 77 152.00 | 235 518.82 | 0.01 |
| GBP	MICRO FOCUS INTL ORD GBP0.10 | 10 149.00 | 148 710.94 | 0.01 |
| GBP	MORRISON(W)SUPRMKT ORD GBP0.10 | 57 051.00 | 146 336.41 | 0.01 |
| GBP	NEXT ORD GBP0.10 | 4 198.00 | 366 967.04 | 0.02 |
| GBP	PEARSON ORD GBP0.25 | 23 700.00 | 198 221.37 | 0.01 |
| GBP	PERSIMMON ORD GBP0.10 | 9 697.00 | 320 851.72 | 0.01 |
| GBP	PRUDENTIAL ORD GBP0.05 | 77 152.00 | 1 373 693.48 | 0.06 |
| GBP	RIO TINTO ORD GBP0.10 | 34 196.00 | 1 858 429.58 | 0.08 |
| GBP	ROYAL BK SCOT GRP ORD GBP1 (POST CONS) | 139 009.00 | 406 726.02 | 0.02 |
| GBP	RSA INSURANCE GRP ORD GBP1.00 | 31 290.00 | 223 171.51 | 0.01 |
| GBP	SAINSBURY(J) ORD GBP0.28571428 | 61 156.00 | 169 522.63 | 0.01 |
| GBP	SCHRODERS VTG SHS GBP1 | 4 128.00 | 176 152.35 | 0.01 |
| GBP	SMITH & NEPHEW ORD USD0.20 | 25 330.00 | 567 150.99 | 0.02 |
| GBP	STANDARD CHARTERED ORD USD0.50 | 86 255.00 | 778 095.06 | 0.03 |
| GBP	STD LIFE ABERDEEN ORD GBP0.1396825396 | 72 388.00 | 296 725.76 | 0.01 |
| GBP	TAYLOR WIMPEY ORD GBP0.01 | 100 039.00 | 225 480.28 | 0.01 |
| GBP	TESCO ORD GBP0.05 | 297 694.00 | 883 344.14 | 0.04 |
| GBP	UNILEVER PLC ORD GBP0.031111 | 33 536.00 | 1 985 882.20 | 0.08 |
| GBP	VODAFONE GROUP ORD USD0.2095238(POST CONS) | 811 310.00 | 1 609 405.06 | 0.07 |
| Total United Kingdom |  | 36 413 389.59 | 1.56 |
| United States |  |  |  |
| CAD	BAUSCH HEALTH COMP COM NPV | 10 500.00 | 296 600.79 | 0.01 |
| Total United States |  | 296 600.79 | 0.01 |
| Total Registered shares |  | 242 155 392.13 | 10.38 |
| Depository receipts |  |  |  |
| Luxembourg |  |  |  |
| EUR	SES S.A. FDR EACH REP 1 ‘A’ NPV | 12 841.00 | 170 538.98 | 0.01 |
| Total Luxembourg |  | 170 538.98 | 0.01 |
| The Netherlands |  |  |  |
| EUR	ABN AMRO BANK N.V. DR EACH REP SHS | 15 860.00 | 270 877.29 | 0.01 |
| Total The Netherlands |  | 270 877.29 | 0.01 |
| Total Depository receipts |  | 441 416.27 | 0.02 |
| Certificates on investment funds |  |  |  |
| Ireland |  |  |  |
| USD	STAR COMPASS PLC/UBS DYNMC DIVERSIFIED LTD NOTE DUE 31.03.21	49 150 000.00 | 69 768 425.00 | 2.99 |
| Total Ireland | 69 768 425.00 | 2.99 |
| Total Certificates on investment funds | 69 768 425.00 | 2.99 |

Investment funds, closed end
| Canada |  |
| --- | --- |
| CAD | RIOCAN REAL ESTATE INVESTMENT TRUST | 5 615.00 | 114 730.74 | 0.00 |
| Total Canada | 114 730.74 | 0.00 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (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) |  |
| United Kingdom |  |  |  |
| GBP	SEGRO PLC REIT | 32 566.00 | 376 589.64 | 0.02 |
| Total United Kingdom |  | 376 589.64 | 0.02 |
| Total Investment funds, closed end |  | 491 320.38 | 0.02 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	3M CO 2.25000% 16-19.09.26 | 1 500 000.00 | 1 507 919.10 | 0.06 |
| USD	ABU DHABI,GOVERNMENT OF-REG-S 3.12500% 17-11.10.27 | 5 675 000.00 | 5 937 468.75 | 0.25 |
| USD	ALBERTA, PROVINCE OF 3.30000% 18-15.03.28 | 3 600 000.00 | 3 933 376.20 | 0.17 |
| USD	ALPHABET INC 1.99800% 16-15.08.26 | 4 075 000.00 | 4 062 927.12 | 0.17 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 3 100 000.00 | 3 219 853.75 | 0.14 |
| USD	APPLE INC 2.00000% 15-06.05.20 | 5 025 000.00 | 5 028 299.91 | 0.22 |
| USD	APPLE INC 2.40000% 13-03.05.23 | 5 700 000.00 | 5 786 928.42 | 0.25 |
| USD	APPLE INC 2.45000% 16-04.08.26 | 2 500 000.00 | 2 538 762.00 | 0.11 |
| USD	APPLE INC 2.85000% 16-23.02.23 | 5 150 000.00 | 5 286 723.23 | 0.23 |
| USD	APPLE INC 3.20000% 17-11.05.27 | 3 290 000.00 | 3 490 337.97 | 0.15 |
| USD	APPLE INC 3.25000% 16-23.02.26 | 9 400 000.00 | 9 978 372.60 | 0.43 |
| USD	ASIAN DEVELOPMENT BANK 2.62500% 19-30.01.24 | 2 800 000.00 | 2 902 884.88 | 0.12 |
| USD	BANK OF NOVA SCOTIA 2.00000% 19-15.11.22 | 1 260 000.00 | 1 258 346.48 | 0.05 |
| USD	BAYER US FINANCE II LLC-REG-S 3.87500% 18-15.12.23 | 2 100 000.00 | 2 203 341.63 | 0.09 |
| USD	BERKSHIRE HATHAWAY INC 2.20000% 16-15.03.21 | 2 075 000.00 | 2 085 458.00 | 0.09 |
| USD	BERKSHIRE HATHAWAY INC 3.12500% 16-15.03.26 | 2 100 000.00 | 2 212 498.47 | 0.09 |
| USD	BRITISH COLUMBIA, PROVINCE OF 1.75000% 19-27.09.24 | 1 000 000.00 | 998 747.00 | 0.04 |
| USD	CHEVRON CORP 2.41900% 15-17.11.20 | 2 300 000.00 | 2 312 895.41 | 0.10 |
| USD	CHEVRON CORP 3.19100% 13-24.06.23 | 6 825 000.00 | 7 106 339.47 | 0.30 |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 3.90000% 18-16.03.28 | 1 600 000.00 | 1 769 296.00 | 0.08 |
| USD	CORPORACION ANDINA DE FOMENTO 4.37500% 12-15.06.22 | 2 800 000.00 | 2 936 668.00 | 0.13 |
| USD	COUNCIL OF EUROPE DEVELOPMENT BANK 1.62500% 16-16.03.21 | 1 000 000.00 | 997 436.36 | 0.04 |
| USD	DEXIA CREDIT LOCAL SA-REG-S 2.50000% 18-25.01.21 | 1 050 000.00 | 1 056 870.78 | 0.05 |
| USD	EQUINOR ASA 3.62500% 18-10.09.28 | 4 000 000.00 | 4 405 865.60 | 0.19 |
| USD	EUROPEAN INVESTMENT BANK 2.00000% 16-15.03.21 | 2 500 000.00 | 2 508 177.00 | 0.11 |
| USD	EUROPEAN INVESTMENT BANK 1.25000% 16-16.12.19 | 2 475 000.00 | 2 474 430.75 | 0.11 |
| USD	EUROPEAN INVESTMENT BANK 2.37500% 17-24.05.27 | 4 000 000.00 | 4 161 079.60 | 0.18 |
| USD	EXPORT DEVELOPMENT CANADA 2.00000% 17-17.05.22 | 1 000 000.00 | 1 008 132.51 | 0.04 |
| USD	EXPORT-IMPORT BANK OF KOREA 2.50000% 15-10.05.21 | 3 200 000.00 | 3 217 000.00 | 0.14 |
| USD	EXPORT-IMPORT BANK OF KOREA 3.25000% 15-10.11.25 | 3 400 000.00 | 3 593 375.00 | 0.15 |
| USD	EXPORT-IMPORT BANK OF KOREA 2.75000% 17-25.01.22 | 2 975 000.00 | 3 020 554.69 | 0.13 |
| USD	EXXON MOBIL CORP 3.04300% 16-01.03.26 | 6 725 000.00 | 7 081 882.97 | 0.30 |
| USD	HSBC BANK PLC-REG-S 4.12500% 10-12.08.20 | 625 000.00 | 634 207.69 | 0.03 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.37500% 17-07.07.27 | 1 900 000.00 | 1 971 916.14 | 0.08 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.25000% 19-18.06.29 | 3 375 000.00 | 3 488 071.61 | 0.15 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.00000% 19-23.07.26 | 2 800 000.00 | 2 839 854.92 | 0.12 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 2.85000% 19-13.05.22 | 2 000 000.00 | 2 038 253.40 | 0.09 |
| USD	INTL BK FOR RECONS & DEV WORLD BK 1.75000% 19-23.10.29 | 1 600 000.00 | 1 584 643.98 | 0.07 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 2.12500% 17-13.12.21 | 2 700 000.00 | 2 723 697.09 | 0.12 |
| USD	JOHNSON & JOHNSON 2.45000% 16-01.03.26 | 4 425 000.00 | 4 508 284.26 | 0.19 |
| USD	JOHNSON & JOHNSON 2.90000% 17-15.01.28 | 1 000 000.00 | 1 050 719.70 | 0.05 |
| USD	JOHNSON & JOHNSON 3.37500% 13-05.12.23 | 1 400 000.00 | 1 486 079.98 | 0.06 |
| USD	KOREA DEVELOPMENT BANK 2.75000% 17-19.03.23 | 1 950 000.00 | 1 986 562.50 | 0.09 |
| USD	KOREA EAST-WEST POWER CO LTD-REG-S 3.87500% 18-19.07.23 | 2 030 000.00 | 2 139 746.88 | 0.09 |
| USD	KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 3.00000% 12-19.09.22 | 800 000.00 | 817 000.00 | 0.03 |
| USD	KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 3.12500% 17-25.07.27 | 3 450 000.00 | 3 590 156.25 | 0.15 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.12500% 13-17.01.23 | 4 275 000.00 | 4 333 926.17 | 0.19 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.00000% 15-02.05.25 | 6 150 000.00 | 6 241 497.85 | 0.27 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 1.62500% 16-15.03.21 | 3 000 000.00 | 2 996 729.01 | 0.13 |
| USD	KUWAIT INTERNATIONAL GOVT BOND-REG-S 3.50000% 17-20.03.27 | 6 000 000.00 | 6 436 875.00 | 0.28 |
| USD	LANDWIRTSCHAFTLICHE RENTENBANK 2.00000% 15-13.01.25 | 3 875 000.00 | 3 925 237.44 | 0.17 |
| USD	MANITOBA, PROVINCE OF 2.12500% 17-04.05.22 | 4 925 000.00 | 4 962 664.92 | 0.21 |
| USD	MICROSOFT CORP 2.65000% 15-03.11.22 | 4 700 000.00 | 4 813 654.46 | 0.21 |
| USD	MICROSOFT CORP 2.87500% 17-06.02.24 | 7 000 000.00 | 7 267 446.90 | 0.31 |
| USD	MICROSOFT CORP 3.30000% 17-06.02.27 | 7 250 000.00 | 7 807 063.17 | 0.33 |
| USD	NATIONAL AUSTRALIA BANK LTD/NY 2.50000% 16-12.07.26 | 3 200 000.00 | 3 209 088.00 | 0.14 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 3.00000% 18-10.01.28 | 1 700 000.00 | 1 773 145.39 | 0.08 |
| USD	NORDEA BANK AB-REG-S 4.87500% 10-27.01.20 | 1 400 000.00 | 1 406 109.60 | 0.06 |
| USD	NORDIC INVESTMENT BANK 2.25000% 14-30.09.21 | 800 000.00 | 806 140.32 | 0.03 |
| USD	NOVARTIS CAPITAL CORP 2.40000% 12-21.09.22 | 3 450 000.00 | 3 503 247.99 | 0.15 |
| USD	NOVARTIS CAPITAL CORP 3.10000% 17-17.05.27 | 2 310 000.00 | 2 443 098.73 | 0.10 |
| USD	QATAR, STATE OF-REG-S 2.37500% 16-02.06.21 | 6 450 000.00 | 6 474 187.50 | 0.28 |
| USD	QATAR, STATE OF-REG-S 3.37500% 19-14.03.24 | 1 400 000.00 | 1 463 437.50 | 0.06 |
| USD	QUEBEC, PROVINCE OF 2.50000% 16-20.04.26 | 5 450 000.00 | 5 623 310.55 | 0.24 |
| USD	ROCHE HOLDINGS INC-REG-S 3.00000% 15-10.11.25 | 3 675 000.00 | 3 868 185.93 | 0.17 |
| USD	ROCHE HOLDINGS INC-REG-S 3.62500% 18-17.09.28 | 3 000 000.00 | 3 331 891.50 | 0.14 |
| USD	SHELL INTERNATIONAL FINANCE BV 2.25000% 12-06.01.23 | 1 850 000.00 | 1 862 776.28 | 0.08 |
| USD	SHELL INTERNATIONAL FINANCE BV 1.87500% 16-10.05.21 | 900 000.00 | 900 438.48 | 0.04 |
| USD	SHELL INTERNATIONAL FINANCE BV 2.87500% 16-10.05.26 | 4 400 000.00 | 4 558 570.28 | 0.20 |
| USD	SINOPEC GROUP OVERSEAS DEV 2013-REG-S 4.37500% 13-17.10.23 | 1 275 000.00 | 1 360 195.50 | 0.06 |
| USD	TOTAL CAPITAL INTERNATIONAL SA 3.70000% 13-15.01.24 | 1 500 000.00 | 1 594 359.60 | 0.07 |
| USD	WALMART INC 2.55000% 13-11.04.23 | 2 925 000.00 | 2 983 988.18 | 0.13 |
| USD	WALMART INC 3.70000% 18-26.06.28 | 6 000 000.00 | 6 633 853.20 | 0.28 |
| USD	WELLS FARGO CO 3.50000% 12-08.03.22 | 1 300 000.00 | 1 340 233.70 | 0.06 |
| USD	WESTPAC BANKING CORP 2.85000% 16-13.05.26 | 6 755 000.00 | 6 899 692.10 | 0.30 |
| USD	WESTPAC BANKING CORP 3.35000% 17-08.03.27 | 1 200 000.00 | 1 265 460.00 | 0.05 |
| Total USD |  | 253 027 949.30 | 10.85 |
| Total Notes, fixed rate |  | 253 027 949.30 | 10.85 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (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, fixed rate
| USD |  |
| --- | --- |
| USD | AFRICAN DEVELOPMENT BANK 2.37500% 14-23.09.21 | 2 150 000.00 | 2 175 435.79 | 0.09 |
| USD | ASB FINANCE LTD-REG-S 2.12500% 16-01.09.21 | 2 000 000.00 | 1 999 800.00 | 0.09 |
| USD | ASIAN DEVELOPMENT BANK 2.62500% 17-12.01.27 | 3 250 000.00 | 3 425 598.80 | 0.15 |
| USD | ASIAN DEVELOPMENT BANK 2.00000% 17-16.02.22 | 1 900 000.00 | 1 913 262.00 | 0.08 |
| USD | ASIAN DEVELOPMENT BANK 2.50000% 17-02.11.27 | 4 000 000.00 | 4 191 630.00 | 0.18 |
| USD | AUSTRALIA & NZ BANKING GRP-REG-S 5.10000% 10-13.01.20 | 1 125 000.00 | 1 128 838.50 | 0.05 |
| USD | BANK OF AMERICA CORP 3.24800% 16-21.10.27 | 2 950 000.00 | 3 075 611.00 | 0.13 |
| USD | BANK OF MONTREAL 1.90000% 16-27.08.21 | 1 300 000.00 | 1 298 947.63 | 0.06 |
| USD | BELGIUM, KINGDOM OF-REG-S 1.62500% 17-15.01.20 | 1 450 000.00 | 1 449 521.50 | 0.06 |
| USD | CAISSE D’AMOR DE LA DETTE SOCIALE-REG-S 3.37500% 14-20.03.24 | 1 750 000.00 | 1 863 379.00 | 0.08 |
| USD | CLIFFORD CAPITAL PTE LTD-REG-S 1.73300% 19-10.09.24 | 2 200 000.00 | 2 173 754.00 | 0.09 |
| USD | COMMONWEALTH BANK OF AUSTRALIA-REG-S 3.15000% 17-19.09.27 | 725 000.00 | 759 568.00 | 0.03 |
| USD | CPPIB CAPITAL INC-REG-S 2.75000% 17-02.11.27 | 3 025 000.00 | 3 189 966.86 | 0.14 |
| USD | FINNVERA OYJ-REG-S 1.87500% 17-05.10.20 | 1 000 000.00 | 1 000 150.00 | 0.04 |
| USD | IDB TRUST SERVICES LTD-REG-S 2.26100% 17-26.09.22 | 3 150 000.00 | 3 156 300.00 | 0.14 |
| USD | INTERNATIONAL FINANCE CORP 2.12500% 16-07.04.26 | 1 700 000.00 | 1 733 126.03 | 0.07 |
| USD | INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 17-22.11.27 | 6 200 000.00 | 6 511 667.18 | 0.28 |
| USD | JAPAN TOBACCO INC-REG-S 2.80000% 16-13.04.26 | 1 800 000.00 | 1 816 524.00 | 0.08 |
| USD | KOMMUNEKREDIT-REG-S 1.62500% 16-01.06.21 | 950 000.00 | 947 319.10 | 0.04 |
| USD | LANDESKREDITBANK B-WUERTT FOERDBK-REG-S 1.37500% 16-21.07.21 | 1 100 000.00 | 1 092 854.40 | 0.05 |
| USD | MDGH - GMTN BV-REG-S 3.00000% 17-19.04.24 | 2 300 000.00 | 2 355 343.75 | 0.10 |
| USD | MUNICIPALITY FINANCE PLC-REG-S 1.87500% 17-18.09.20 | 975 000.00 | 975 068.25 | 0.04 |
| USD | NEDERLANDSE WATERSCHAPSBK NV-REG-S 3.00000% 18-21.12.21 | 925 000.00 | 947 764.25 | 0.04 |
| USD | NESTLE HOLDINGS INC-REG-S 1.87500% 16-09.03.21 | 2 400 000.00 | 2 399 702.40 | 0.10 |
| USD | NESTLE HOLDINGS INC-REG-S 2.37500% 17-18.01.22 | 1 475 000.00 | 1 489 451.46 | 0.06 |
| USD | NESTLE HOLDINGS INC-REG-S 3.12500% 18-22.03.23 | 1 970 000.00 | 2 042 023.20 | 0.09 |
| USD | NISSAN MOTOR ACCEPTANCE CORP-REG-S 2.60000% 17-28.09.22 | 500 000.00 | 502 697.35 | 0.02 |
| USD | NORDRHEIN-WESTFALEN, STATE OF-REG-S 2.25000% 15-16.04.25 | 900 000.00 | 916 059.60 | 0.04 |
| USD | SP POWERASSETS LTD-REG-S 3.25000% 15-24.11.25 | 1 500 000.00 | 1 576 230.00 | 0.07 |
| USD | SUMITOMO MITSUI BANKING CORP-REG-S 2.44000% 19-18.06.24 | 1 601 000.00 | 1 629 002.93 | 0.07 |
| USD | SVENSK EXPORTKREDIT AB 1.75000% 16-10.03.21 | 1 100 000.00 | 1 099 536.40 | 0.05 |
| USD | TORONTO-DOMINION BANK 2.50000% 15-14.12.20 | 3 850 000.00 | 3 873 715.62 | 0.17 |
| USD | TOYOTA MOTOR CREDIT CORP 2.60000% 17-11.01.22 | 1 550 000.00 | 1 572 278.00 | 0.07 |
| USD | TOYOTA MOTOR FINANCE NL BV-REG-S 2.76400% 19-26.04.21 | 1 700 000.00 | 1 714 086.88 | 0.07 |
| Total USD |  |  | 67 996 213.88 | 2.92 |
| Total Medium term notes, fixed rate |  | 67 996 213.88 | 2.92 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AGENCE FRANCAISE DE DEVELOPPEMENT-REG-S 1.62500% 15-21.01.20 | 1 250 000.00 | 1 249 517.50 | 0.05 |
| USD	BANK NEDERLANDSE GEMEENTEN NV-REG-S 2.62500% 14-28.04.21 | 1 600 000.00 | 1 618 276.80 | 0.07 |
| USD	BANK NEDERLANDSE GEMEENTEN NV-REG-S 2.37500% 16-16.03.26 | 1 800 000.00 | 1 853 632.80 | 0.08 |
| USD	BANK OF NOVA SCOTIA 1.85000% 15-14.04.20 | 1 675 000.00 | 1 674 254.87 | 0.07 |
| USD	CAISSE D’AMORTIS DE LA DETTE SOC-REG-S 1.87500% 15-12.02.22 | 2 350 000.00 | 2 356 119.40 | 0.10 |
| USD	CANADIAN IMPERIAL BANK OF COM/CAN-REG-S 2.35000% 17-27.07.22 | 1 475 000.00 | 1 491 143.43 | 0.06 |
| USD	CENTRAL JAPAN RAILWAY CO-REG-S 3.40000% 18-06.09.23 | 1 700 000.00 | 1 762 220.00 | 0.08 |
| USD	DBS BANK LTD-REG-S 3.30000% 18-27.11.21 | 2 000 000.00 | 2 045 440.00 | 0.09 |
| USD	DNB BOLIGKREDITT AS-REG-S 2.50000% 17-28.03.22 | 2 100 000.00 | 2 125 746.00 | 0.09 |
| USD	EUROPEAN INVESTMENT BANK 1.87500% 15-10.02.25 | 5 900 000.00 | 5 961 236.69 | 0.26 |
| USD	FAB SUKUK CO LTD-REG-S 3.87500% 19-22.01.24 | 1 600 000.00 | 1 680 500.00 | 0.07 |
| USD	FMS WERTMANAGEMENT 2.00000% 17-01.08.22 | 1 650 000.00 | 1 663 295.04 | 0.07 |
| USD	ING BANK NV-REG-S 2.62500% 12-05.12.22 | 1 500 000.00 | 1 531 500.00 | 0.07 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 3.87500% 10-14.02.20 | 2 300 000.00 | 2 308 572.10 | 0.10 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.12500% 15-15.01.25 | 5 375 000.00 | 5 475 033.05 | 0.23 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 14-25.11.24 | 3 000 000.00 | 3 112 098.90 | 0.13 |
| USD	INTL BK FOR RECONSTR & DEVT 2.50000% 15-29.07.25 | 5 850 000.00 | 6 093 261.13 | 0.26 |
| USD	KOREA NATIONAL OIL CORP-REG-S 3.25000% 14-10.07.24 | 2 200 000.00 | 2 290 062.50 | 0.10 |
| USD	KOREA, REPUBLIC OF 3.87500% 13-11.09.23 | 2 000 000.00 | 2 138 750.00 | 0.09 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.50000% 14-20.11.24 | 4 025 000.00 | 4 177 977.37 | 0.18 |
| USD	MDGH - GMTN BV-REG-S 2.75000% 16-11.05.23 | 2 000 000.00 | 2 022 500.00 | 0.09 |
| USD	MORGAN STANLEY 5.50000% 10-24.07.20 | 1 849 000.00 | 1 890 760.22 | 0.08 |
| USD	NOVARTIS CAPITAL CORP 3.40000% 14-06.05.24 | 1 000 000.00 | 1 057 435.30 | 0.05 |
| USD	OESTERREICHISCHE KONTROLLBANK AG 2.37500% 14-01.10.21 | 1 275 000.00 | 1 289 372.18 | 0.06 |
| USD	ONTARIO, PROVINCE OF 3.20000% 14-16.05.24 | 4 400 000.00 | 4 655 112.00 | 0.20 |
| USD	ONTARIO, PROVINCE OF 2.50000% 16-27.04.26 | 3 500 000.00 | 3 608 553.55 | 0.15 |
| USD	ROYAL BANK OF CANADA 2.10000% 15-14.10.20 | 1 575 000.00 | 1 576 463.01 | 0.07 |
| Total USD |  | 68 708 833.84 | 2.95 |
| Total Bonds, fixed rate |  | 68 708 833.84 | 2.95 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 2.62500% 19-15.02.29 | 21 900 000.00 | 23 474 916.60 | 1.01 |
| USD	AMERICA, UNITED STATES OF 1.50000% 15-31.01.22 | 300 000.00 | 299 238.28 | 0.01 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.02.27 | 11 850 000.00 | 12 267 989.79 | 0.53 |
| USD	AMERICA, UNITED STATES OF 1.75000% 13-15.05.23 | 50 000.00 | 50 224.61 | 0.00 |
| USD	AMERICA, UNITED STATES OF 1.50000% 17-15.05.20 | 3 755 000.00 | 3 752 213.07 | 0.16 |
| Total USD |  | 39 844 582.35 | 1.71 |
| Total Treasury notes, fixed rate |  | 39 844 582.35 | 1.71 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 3 500 000.00 | 7 297 380.37 | 0.31 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 5 000 000.00 | 7 554 917.65 | 0.33 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 5 950 000.00 | 6 594 490.05 | 0.28 |
| USD	AMERICA, UNITED STATES OF 1.125%/CPI LINKED 11-15.01.21 | 2 800 000.00 | 3 308 239.55 | 0.14 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (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) |  |
|  |  |  |  |  |
| USD | AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.01.22 | 5 175 000.00 | 5 835 963.82 | 0.25 |
| USD | AMERICA, UNITED STATES OF 0.125%/CPI LINKED 13-15.01.23 | 5 710 000.00 | 6 313 440.46 | 0.27 |
| USD | AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 8 225 000.00 | 8 845 099.44 | 0.38 |
| USD | AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 6 650 000.00 | 7 294 550.25 | 0.31 |
| USD | AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 10 300 000.00 | 11 056 626.39 | 0.48 |
| Total USD |  |  | 64 100 707.98 | 2.75 |
| Total Treasury notes, floating rate |  | 64 100 707.98 | 2.75 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 988 196 382.40 | 42.38 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Treasury bills, zero coupon |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 06.12.18-05.12.19 | 10 000 000.00 | 9 998 825.60 | 0.43 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 11.07.19-09.01.20 | 10 000 000.00 | 9 983 463.00 | 0.43 |
| Total USD |  | 19 982 288.60 | 0.86 |
| Total Treasury bills, zero coupon |  | 19 982 288.60 | 0.86 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ALTRIA GROUP INC 2.85000% 12-09.08.22 | 1 900 000.00 | 1 927 349.36 | 0.08 |
| USD	FANNIE MAE 2.12500% 16-24.04.26 | 5 000 000.00 | 5 102 606.00 | 0.22 |
| USD	HSBC HOLDINGS PLC 4.87500% 11-14.01.22 | 1 450 000.00 | 1 531 468.98 | 0.07 |
| USD	MASSMUTUAL GLOBAL FUNDING II-REG-S 2.45000% 15-23.11.20 | 900 000.00 | 904 734.99 | 0.04 |
| USD	NATIONAL AUSTRALIA BANK LTD NEW YORK 2.87500% 18-12.04.23 | 800 000.00 | 817 916.24 | 0.04 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 1.95000% 17-28.09.20 | 1 000 000.00 | 1 000 606.10 | 0.04 |
| USD	PROCTER & GAMBLE CO 2.30000% 12-06.02.22 | 2 825 000.00 | 2 863 746.57 | 0.12 |
| USD	SANOFI 4.00000% 11-29.03.21 | 1 800 000.00 | 1 851 336.00 | 0.08 |
| Total USD |  | 15 999 764.24 | 0.69 |
| Total Notes, fixed rate |  | 15 999 764.24 | 0.69 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	JPMORGAN CHASE BANK NA 3.086%/VAR 18-26.04.21 | 1 250 000.00 | 1 254 755.13 | 0.05 |
| Total USD |  | 1 254 755.13 | 0.05 |
| Total Notes, floating rate |  | 1 254 755.13 | 0.05 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	GOLDMAN SACHS GROUP INC/THE 3.85000% 14-08.07.24 | 1 500 000.00 | 1 587 712.20 | 0.07 |
| USD	GUARDIAN LIFE GLOBAL FUNDING-REG-S 2.00000% 16-26.04.21 | 2 000 000.00 | 2 000 883.80 | 0.08 |
| USD	MACQUARIE GROUP LTD-REG-S 6.25000% 11-14.01.21 | 2 150 000.00 | 2 240 579.50 | 0.10 |
| Total USD |  | 5 829 175.50 | 0.25 |
| Total Medium term notes, fixed rate |  | 5 829 175.50 | 0.25 |
| Medium term notes, zero coupon |  |  |  |
| USD |  |  |  |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.00000% 00-01.05.30 | 1 908 000.00 | 1 497 788.28 | 0.06 |
| Total USD |  | 1 497 788.28 | 0.06 |
| Total Medium term notes, zero coupon |  | 1 497 788.28 | 0.06 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 1.62500% 19-17.10.22 | 1 000 000.00 | 992 600.00 | 0.04 |
| USD	ROYAL BANK OF CANADA-REG-S 3.35000% 18-22.10.21 | 1 900 000.00 | 1 950 650.58 | 0.09 |
| Total USD |  | 2 943 250.58 | 0.13 |
| Total Bonds, fixed rate |  | 2 943 250.58 | 0.13 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 14-15.01.24 | 8 700 000.00 | 9 724 774.24 | 0.42 |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25 | 7 665 000.00 | 8 330 539.29 | 0.36 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 16-15.04.21 | 1 417 000.00 | 1 524 765.71 | 0.06 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 3 475 000.00 | 3 873 577.87 | 0.17 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 4 239 000.00 | 4 714 997.54 | 0.20 |
| Total USD |  | 28 168 654.65 | 1.21 |
| Total Treasury notes, floating rate |  | 28 168 654.65 | 1.21 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 75 675 676.98 | 3.25 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (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) |  |

Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market
Preference shares
United Kingdom
| GBP | ROLLS ROYCE HLDGS NON CUM RED PREF GBP0.001 C | 2 468 222.00 | 3 192.64 | 0.00 |
| --- | --- | --- | --- | --- |
| Total United Kingdom |  | 3 192.64 | 0.00 |
| Total Preference shares |  | 3 192.64 | 0.00 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	MASSMUTUAL GLOBAL FUNDING II-REG-S 2.95000% 18-11.01.25 | 1 550 000.00 | 1 593 298.16 | 0.07 |
| USD	SVENSKA HANDELSBANKEN AB 1.95000% 17-08.09.20 | 1 250 000.00 | 1 248 613.00 | 0.05 |
| Total USD |  | 2 841 911.16 | 0.12 |
| Total Notes, fixed rate |  | 2 841 911.16 | 0.12 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	HSBC BANK CANADA-REG-S 3.30000% 18-28.11.21 | 1 350 000.00 | 1 385 625.29 | 0.06 |
| USD	HSBC BANK CANADA-REG-S 1.65000% 19-10.09.22 | 1 500 000.00 | 1 489 717.95 | 0.07 |
| USD	MASSMUTUAL GLOBAL FUNDING II-REG-S 2.75000% 17-22.06.24 | 950 000.00 | 968 676.72 | 0.04 |
| USD	SWEDBANK AB-REG-S 2.80000% 17-14.03.22 | 1 000 000.00 | 1 010 128.80 | 0.04 |
| Total USD |  | 4 854 148.76 | 0.21 |
| Total Bonds, fixed rate	4 854 148.76 | 0.21 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market	7 699 252.56 | 0.33 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |
| Investment funds, open end |  |
| Ireland |  |
| USD	UBS (IRL) ETF PLC - MSCI USA UCITS-ACC-A-USD-ETF	14 275 324.00	243 537 027.44 | 10.45 |
| USD	UBS ETFS PLC - MSCI USA TRN INDEX SF (USD) A-ACC	978 817.00	82 758 977.35 | 3.55 |
| USD	XTRACKERS MSCI USA UCITS ETF DR-1C-USD CAP	1 922 118.00	165 129 157.38 | 7.08 |
| Total Ireland	491 425 162.17 | 21.08 |
| Luxembourg |  |
| USD	AQR UCITS FUNDS - GLOBAL RISK PARITY UCITS FUND-A2-CAP	381 969.46	45 603 333.83 | 1.96 |
| EUR	DB PLATINUM IV UBS MULTI-STRATEGY ALTERNATIVES-I0C-E-CAP	6 112.32	67 647 400.22 | 2.90 |
| USD	INVESCO FUNDS SICAV BAL RISK ALLOCATION-PI1-USD HDG-CAP	3 899 378.34	46 129 645.76 | 1.98 |
| USD	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR)(USD HEDGED) F-ACC	396 428.00	45 791 398.28 | 1.96 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD (USD) F-ACC	215 417.00	69 719 712.05 | 2.99 |
| USD	UBS (LUX) BOND SICAV USD - INVEST GRADE CORP USD F ACC	2 951.00	323 540 266.60 | 13.88 |
| USD	UBS (LUX) BOND SICAV - EMERG ECON CORPORATES (USD) F-ACC	401 336.00	45 523 542.48 | 1.95 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD) F-ACC	34 731.00	69 818 340.06 | 2.99 |
| USD	UBS (LUX) MONEY MARKET FUND - USD U-X-ACC	1.00	11 088.70 | 0.00 |
| Total Luxembourg	713 784 727.98 | 30.61 |
| Total Investment funds, open end	1 205 209 890.15 | 51.69 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010	1 205 209 890.15 | 51.69 |
| Total investments in securities	2 276 781 202.09 | 97.65 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange Financial Futures on bonds |
|  |  |  |  |
| USD	US 10YR ULTRA NOTE FUTURE 20.03.20 | -439.00 | 281 234.38 | 0.01 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.20 | -907.00 | 191 320.77 | 0.01 |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.20 | -415.00 | 48 633.02 | 0.00 |
| USD	US 10YR TREASURY NOTE FUTURE 20.03.20 | -584.00 | 255 500.00 | 0.01 |
| USD	US LONG BOND FUTURE 20.03.20 | -58.00 | 58 000.00 | 0.01 |
| Total Financial Futures on bonds |  | 834 688.17 | 0.04 |
| Financial Futures on Indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 20.12.19 | 863.00 | 774 389.06 | 0.03 |
| CHF	SWISS MARKET INDEX FUTURE 20.12.19 | 85.00 | 254 300.20 | 0.01 |
| GBP	FTSE 100 INDEX FUTURE 20.12.19 | 177.00 | 111 695.64 | 0.00 |
| SGD	MSCI SINGAPORE INDEX FUTURE 30.12.19 | 51.00 | -7 832.10 | 0.00 |
| USD	S&P500 EMINI FUTURE 20.12.19 | 1 201.00 | 6 261 349.02 | 0.27 |
| JPY	TOPIX INDX FUTURE 12.12.19 | 163.00 | 569 630.96 | 0.02 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 20.12.19 | 1 684.00 | 362 077.84 | 0.02 |
| AUD	SPI 200 INDEX FUTURE 19.12.19 | 64.00 | 118 962.86 | 0.00 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (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) |  |
|  |  |  |  |  |
| CAD | S&P/TSX 60 INDEX FUTURE 19.12.19 | 74.00 | 372 628.10 | 0.02 |
| HKD | HANG SENG INDEX FUTURE 30.12.19 | 22.00 | -111 155.82 | 0.00 |
| Total Financial Futures on Indices | 8 706 045.76 | 0.37 |
| Total Derivative instruments listed on an official stock exchange | 9 540 733.93 | 0.41 |
| Total Derivative instruments | 9 540 733.93 | 0.41 |
| Forward Foreign Exchange contracts |  |  |
| Forward Foreign Exchange contracts (Purchase/Sale) |  |  |

| USD | 32 775 555.30 | CHF | 32 485 000.00 | 9.1.2020 | 154 631.30 | 0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 29 765 352.50 | GBP | 23 465 000.00 | 9.1.2020 | -637 817.48 | -0.03 |
| USD | 23 789 842.12 | CAD | 31 450 000.00 | 9.1.2020 | 102 993.00 | 0.01 |
| USD | 203 460.00 | AUD | 300 000.00 | 9.1.2020 | 315.22 | 0.00 |
| USD | 701 656.27 | HKD | 5 500 000.00 | 9.1.2020 | -669.50 | 0.00 |
| JPY | 358 500 000.00 | USD | 3 330 335.88 | 9.1.2020 | -45 825.15 | 0.00 |
| USD | 182 647.20 | SGD | 250 000.00 | 9.1.2020 | -243.16 | 0.00 |
| USD | 97 968 348.72 | EUR | 88 440 000.00 | 9.1.2020 | 156 190.93 | 0.01 |
| USD | 1 613 938.53 | JPY | 175 000 000.00 | 9.1.2020 | 10 620.88 | 0.00 |
| USD | 2 286 034.75 | EUR | 2 050 000.00 | 9.1.2020 | 18 792.29 | 0.00 |
| CHF | 1 000 000.00 | USD | 1 011 318.68 | 9.1.2020 | -7 134.47 | 0.00 |
| USD | 24 200 028.98 | CAD | 31 750 000.00 | 15.1.2020 | 286 883.58 | 0.01 |
| USD | 7 977 601.07 | JPY | 864 500 000.00 | 15.1.2020 | 54 769.47 | 0.00 |
| USD | 43 020 474.57 | GBP | 33 310 000.00 | 15.1.2020 | -145 604.83 | -0.01 |
| USD | 184 418.69 | SGD | 250 000.00 | 15.1.2020 | 1 515.77 | 0.00 |
| USD | 409 245.24 | AUD | 590 000.00 | 15.1.2020 | 9 670.42 | 0.00 |
| USD | 1 340 176.66 | HKD | 10 500 000.00 | 15.1.2020 | -600.41 | 0.00 |
| USD | 38 229 543.74 | CHF | 37 660 000.00 | 15.1.2020 | 396 598.40 | 0.02 |
| USD | 137 161 165.63 | EUR | 122 645 461.98 | 15.1.2020 | 1 469 465.89 | 0.06 |
| USD | 2 170 443.41 | EUR | 1 950 000.00 | 9.1.2020 | 13 798.14 | 0.00 |
| USD | 2 171 254.61 | EUR | 1 950 000.00 | 15.1.2020 | 13 826.11 | 0.00 |
| AUD | 78 696 500.00 | USD | 53 479 701.81 | 16.1.2020 | -181 592.68 | -0.01 |
| GBP | 58 419 900.00 | USD | 75 389 034.88 | 16.1.2020 | 318 724.56 | 0.01 |
| SEK | 186 056 700.00 | USD | 19 400 033.88 | 16.1.2020 | 94 918.80 | 0.01 |
| CAD | 57 249 300.00 | USD | 43 071 063.84 | 16.1.2020 | 47 492.41 | 0.00 |
| CHF | 308 908 800.00 | USD | 310 954 883.13 | 16.1.2020 | -606 467.26 | -0.03 |
| EUR | 336 997 200.00 | USD | 372 577 364.38 | 16.1.2020 | 290 005.63 | 0.01 |
| SGD | 86 425 000.00 | USD | 63 339 147.51 | 16.1.2020 | -108 884.54 | 0.00 |
| USD | 365 010.83 | SGD | 498 200.00 | 16.1.2020 | 517.72 | 0.00 |
| GBP | 2 259 500.00 | USD | 2 917 016.76 | 16.1.2020 | 11 123.86 | 0.00 |
| USD | 2 464 551.54 | EUR | 2 233 800.00 | 16.1.2020 | -7 015.38 | 0.00 |
| USD | 118 935.60 | SEK | 1 137 200.00 | 16.1.2020 | -219.80 | 0.00 |
| USD | 2 143 822.46 | EUR | 1 941 200.00 | 16.1.2020 | -3 999.95 | 0.00 |
| USD | 777 147.60 | GBP | 600 000.00 | 9.1.2020 | -261.39 | 0.00 |
| USD | 1 016 389.39 | CAD | 1 350 000.00 | 15.1.2020 | -390.02 | 0.00 |
| USD | 1 016 373.71 | CAD | 1 350 000.00 | 9.1.2020 | -390.88 | 0.00 |
| USD | 777 274.80 | GBP | 600 000.00 | 15.1.2020 | -258.90 | 0.00 |
| USD | 1 906 463.67 | CHF | 1 900 000.00 | 9.1.2020 | -1 486.33 | 0.00 |
| USD | 1 907 249.65 | CHF | 1 900 000.00 | 15.1.2020 | -1 475.69 | 0.00 |
| USD | 884 595.92 | EUR | 800 000.00 | 15.1.2020 | -502.95 | 0.00 |
| USD | 884 265.92 | EUR | 800 000.00 | 9.1.2020 | -511.63 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | 1 701 501.98 | 0.07 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 51 011 680.29 | 2.19 |
| Other assets and liabilities | -7 493 872.73 | -0.32 |
| Total net assets | 2 331 541 245.56 | 100.00 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD)
Semi-Annual Report as of 30 November 2019

Translation (ENFR, 2019-11-30):
# UBS (Lux) Strategy SICAV
– Systematic Allocation Portfolio Medium (USD)
| Données principales |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Actif net en USD |  | 2 331 541 245.56 | 2 120 118 601.72 | 1 848 301 354.25 |
| Catégorie K-1-4%-mdist | LU1717044132 |  |  |  |
| Actions en circulation |  | 7.6000 | 5.3000 | 0.8000 |
| Valeur nette d’inventaire par action en USD |  | 5 035 038.68 | 4 899 382.39 | 4 991 201.65 |
| Prix d’émission et de rachat par action en USD 1 |  | 5 035 038.68 | 4 899 382.39 | 4 987 208.69 |
| Catégorie (EUR hedged) K-1-4%-mdist | LU1629324036 |  |  |  |
| Actions en circulation |  | 3.5000 | 3.5000 | 3.3000 |
| Valeur nette d’inventaire par action en EUR |  | 2 911 703.93 | 2 871 542.99 | 3 012 918.24 |
| Prix d’émission et de rachat par action en EUR 1 |  | 2 911 703.93 | 2 871 542.99 | 3 010 507.91 |
| Catégorie K-1-acc | LU1616912835 |  |  |  |
| Actions en circulation |  | 21.9000 | 20.9000 | 27.1000 |
| Valeur nette d’inventaire par action en USD |  | 5 634 144.63 | 5 373 622.91 | 5 258 801.82 |
| Prix d’émission et de rachat par action en USD 1 |  | 5 634 144.63 | 5 373 622.91 | 5 254 594.78 |
| Catégorie (CHF hedged) K-1-acc | LU1622991237 |  |  |  |
| Actions en circulation |  | 0.5000 | 0.7000 | 0.8000 |
| Valeur nette d’inventaire par action en CHF |  | 5 241 265.70 | 5 076 001.00 | 5 132 791.75 |
| Prix d’émission et de rachat par action en CHF 1 |  | 5 241 265.70 | 5 076 001.00 | 5 128 685.52 |
| Catégorie (EUR hedged) K-1-acc | LU1622991153 |  |  |  |
| Actions en circulation |  | 3.4000 | 4.7000 | 2.9000 |
| Valeur nette d’inventaire par action en EUR |  | 3 194 538.67 | 3 087 926.94 | 3 112 505.75 |
| Prix d’émission et de rachat par action en EUR 1 |  | 3 194 538.67 | 3 087 926.94 | 3 110 015.75 |
| Catégorie P-4%-mdist | LU1599187181 |  |  |  |
| Actions en circulation |  | 2 090 996.4600 | 2 117 416.0230 | 2 207 988.1100 |
| Valeur nette d’inventaire par action en USD |  | 101.85 | 99.32 | 101.61 |
| Prix d’émission et de rachat par action en USD 1 |  | 101.85 | 99.32 | 101.53 |
| Catégorie (HKD) P-4%-mdist | LU1647379426 |  |  |  |
| Actions en circulation |  | 448 379.0030 | 462 432.4010 | 826 929.1100 |
| Valeur nette d’inventaire par action en HKD |  | 1 010.10 | 986.79 | 1 010.46 |
| Prix d’émission et de rachat par action en HKD 1 |  | 1 010.10 | 986.79 | 1 009.65 |
| Catégorie P-acc | LU1599186969 |  |  |  |
| Actions en circulation |  | 5 898 082.2090 | 5 559 346.9120 | 5 282 863.6010 |
| Valeur nette d’inventaire par action en USD |  | 112.07 | 107.15 | 105.36 |
| Prix d’émission et de rachat par action en USD 1 |  | 112.07 | 107.15 | 105.28 |
| Catégorie (HKD) P-acc | LU1603467017 |  |  |  |
| Actions en circulation |  | 526 843.1010 | 555 478.3460 | 602 930.7880 |
| Valeur nette d’inventaire par action en HKD |  | 1 125.89 | 1 078.16 | 1 060.69 |
| Prix d’émission et de rachat par action en HKD 1 |  | 1 125.89 | 1 078.16 | 1 059.84 |
| Catégorie (AUD hedged) P-acc | LU1603467363 |  |  |  |
| Actions en circulation |  | 714 621.6530 | 595 848.9110 | 444 770.4440 |
| Valeur nette d’inventaire par action en AUD |  | 111.16 | 106.94 | 105.50 |
| Prix d’émission et de rachat par action en AUD 1 |  | 111.16 | 106.94 | 105.42 |
| Catégorie (CAD hedged) P-acc | LU1603467108 |  |  |  |
| Actions en circulation |  | 447 035.6320 | 448 319.5320 | 352 885.4540 |
| Valeur nette d’inventaire par action en CAD |  | 110.09 | 105.65 | 104.73 |
| Prix d’émission et de rachat par action en CAD 1 |  | 110.09 | 105.65 | 104.65 |
| Catégorie (CHF hedged) P-acc | LU1599187264 |  |  |  |
| Actions en circulation |  | 2 165 402.3360 | 2 077 072.9020 | 1 056 850.3320 |
| Valeur nette d’inventaire par action en CHF |  | 104.17 | 101.12 | 102.75 |
| Prix d’émission et de rachat par action en CHF 1 |  | 104.17 | 101.12 | 102.67 |
| Catégorie (EUR hedged) P-acc | LU1599187421 |  |  |  |
| Actions en circulation |  | 2 099 340.2570 | 2 149 396.9750 | 1 910 539.4430 |
| Valeur nette d’inventaire par action en EUR |  | 105.13 | 101.87 | 103.17 |
| Prix d’émission et de rachat par action en EUR 1 |  | 105.13 | 101.87 | 103.09 |
| Catégorie (GBP hedged) P-acc | LU1611257418 |  |  |  |
| Actions en circulation |  | 446 725.5240 | 346 984.7990 | 177 943.8080 |
| Valeur nette d’inventaire par action en GBP |  | 108.03 | 104.04 | 104.15 |
| Prix d’émission et de rachat par action en GBP 1 |  | 108.03 | 104.04 | 104.07 |
| Catégorie (SGD hedged) P-acc | LU1599187777 |  |  |  |
| Actions en circulation |  | 462 923.3530 | 436 591.7930 | 564 055.1380 |
| Valeur nette d’inventaire par action en SGD |  | 110.42 | 105.87 | 104.80 |
| Prix d’émission et de rachat par action en SGD 1 |  | 110.42 | 105.87 | 104.72 |
| Catégorie Q-4%-mdist 2 | LU1895574181 |  |  |  |
| Actions en circulation |  | 260 962.1920 | 179 020.0620 | - |
| Valeur nette d’inventaire par action en USD |  | 105.00 | 102.01 | - |
| Prix d’émission et de rachat par action en USD 1 |  | 105.00 | 102.01 | - |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Rapport semestriel au 30 novembre 2019
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Catégorie (HKD) Q-4%-mdist 3 | LU1891428119 |  |  |  |
| Actions en circulation |  | 87 336.8630 | 80 633.6330 | - |
| Valeur nette d’inventaire par action en HKD |  | 1 049.03 | 1 021.00 | - |
| Prix d’émission et de rachat par action en HKD 1 |  | 1 049.03 | 1 021.00 | - |
| Catégorie Q-acc | LU1599187009 |  |  |  |
| Actions en circulation |  | 1 520 944.7560 | 1 172 458.7630 | 523 933.5920 |
| Valeur nette d’inventaire par action en USD |  | 114.19 | 108.76 | 106.16 |
| Prix d’émission et de rachat par action en USD 1 |  | 114.19 | 108.76 | 106.08 |
| Catégorie (HKD) Q-acc 3 | LU1891428465 |  |  |  |
| Actions en circulation |  | 17 810.6610 | 16 415.1520 | - |
| Valeur nette d’inventaire par action en HKD |  | 1 090.97 | 1 040.84 | - |
| Prix d’émission et de rachat par action en HKD 1 |  | 1 090.97 | 1 040.84 | - |
| Catégorie (CAD hedged) Q-acc 2 | LU1891428895 |  |  |  |
| Actions en circulation |  | 79 215.9930 | 63 607.7480 | - |
| Valeur nette d’inventaire par action en CAD |  | 108.26 | 103.50 | - |
| Prix d’émission et de rachat par action en CAD 1 |  | 108.26 | 103.50 | - |
| Catégorie (CHF hedged) Q-acc | LU1599187348 |  |  |  |
| Actions en circulation |  | 790 352.6450 | 776 353.9840 | 504 840.5020 |
| Valeur nette d’inventaire par action en CHF |  | 106.14 | 102.66 | 103.53 |
| Prix d’émission et de rachat par action en CHF 1 |  | 106.14 | 102.66 | 103.45 |
| Catégorie (EUR hedged) Q-acc | LU1599187694 |  |  |  |
| Actions en circulation |  | 919 826.7130 | 940 295.5580 | 759 318.9420 |
| Valeur nette d’inventaire par action en EUR |  | 107.12 | 103.41 | 103.94 |
| Prix d’émission et de rachat par action en EUR 1 |  | 107.12 | 103.41 | 103.86 |
| Catégorie (GBP hedged) Q-acc | LU1616912595 |  |  |  |
| Actions en circulation |  | 116 639.8900 | 81 089.3390 | 57 729.8840 |
| Valeur nette d’inventaire par action en GBP |  | 109.77 | 105.32 | 104.64 |
| Prix d’émission et de rachat par action en GBP 1 |  | 109.77 | 105.32 | 104.56 |
| Catégorie (SEK hedged) Q-acc | LU1599187850 |  |  |  |
| Actions en circulation |  | 253 454.5690 | 278 937.2570 | 294 961.8500 |
| Valeur nette d’inventaire par action en SEK |  | 745.32 | 718.69 | 721.30 |
| Prix d’émission et de rachat par action en SEK 1 |  | 745.32 | 718.69 | 720.72 |
| Catégorie (SGD hedged) Q-acc 2 | LU1891428036 |  |  |  |
| Actions en circulation |  | 330 065.7660 | 220 008.7610 | - |
| Valeur nette d’inventaire par action en SGD |  | 108.42 | 103.57 | - |
| Prix d’émission et de rachat par action en SGD 1 |  | 108.42 | 103.57 | - |
| 1  Voir note 1 2  Première VNI 5.11.2018 3  Première VNI 6.11.2018 |  |  |  |  |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD)
Rapport semestriel au 30 novembre 2019

## Structure du portefeuille-titres
Répartition géographique en % de l’actif net	
Luxembourg	31.32
Irlande	24.24
Etats-Unis	14.44
Canada	3.90
Japon	3.32
Suisse	3.03
Allemagne	3.01
France	2.94
Grande-Bretagne	2.77
Pays-Bas	1.88
Corée du Sud	0.98
Supranational	0.73
Australie	0.71
Espagne	0.62
Philippines	0.53
Italie	0.46
Finlande	0.35
Qatar	0.34
Norvège	0.28
Belgique	0.28
Koweït	0.28
Emirats arabes unis	0.26
Singapour	0.25
Jersey	0.18
Suède	0.14
Autriche	0.10
Nouvelle-Zélande	0.09
Iles Caïmans	0.07
Iles Vierges britanniques	0.06
Danemark	0.04
Portugal	0.03
Afrique du Sud	0.01
Ile de Man	0.01
Total	97.65
Répartition économique en % de l’actif net	
Fonds de placement	51.71
Gouvernements nationaux et centraux	7.29
Etablissements financiers et sociétés de participation	6.86
Banques & instituts de crédit	6.03
Organisations supranationales	3.17
Produits pharmaceutiques, cosmétiques & médicaux	2.65
Pétrole	2.01
Internet, logiciels et services informatiques	1.74
Equipement informatique et de réseau	1.51
Cantons, Etats fédéraux	1.31
Alimentation & softs	1.06
Assurances	1.00
Distribution d’énergie & d’eau	0.90
Electronique et semi-conducteurs	0.85
Commerce de détail, centres commerciaux	0.84
Chimie	0.79
Télécommunications	0.72
Tabac et boissons alcoolisées	0.69
Véhicules	0.64
Trafic et transport	0.54
Bâtiment et matériaux de construction	0.50
Services divers	0.47
Biens de consommation divers	0.46
Textiles, habillement & maroquinerie	0.38
Immobilier	0.36
Appareils et composants électriques	0.34
Machines et appareils	0.31
Sociétés publiques	0.29
Industrie aéronautique et spatiale	0.29
Emetteurs d’obligations sécurisées (Pfandbriefe) et
sociétés de refinancement	0.23
Industrie graphique, édition et médias	0.22
Industrie minière, charbon et acier	0.19
Biotechnologie	0.18
Restauration et loisirs	0.17
Diverses sociétés commerciales	0.15
Biens d’équipement divers	0.15
Métaux non ferreux	0.15
Montres et bijoux	0.11
Métaux précieux et pierres précieuses	0.09
Pneus et caoutchouc	0.09
Sylviculture; bois et papier	0.08
Diverses sociétés non classées	0.04
Agriculture et pêche	0.04
Soins de santé & services sociaux	0.03
Photographie et optique	0.02
Total	97.65
UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Rapport semestriel au 30 novembre 2019

## Etat des actifs nets
Actif	30.11.2019
USD
Portefeuille-titres, cours d’achat	2 104 230 831.29
| Portefeuille-titres, plus-/(moins)-value non réalisée | 	172 550 370.80	 |
| --- | --- |
| Total du Portefeuille-titres (note 1) | 2 276 781 202.09 |
| Avoirs en banque, dépôts à vue et à terme | 41 630 754.77 |
| Autres liquidités (marges) | 9 380 925.52 |
| Créances sur achats de titres (note 1) | 3 909.41 |
| Créances sur souscriptions | 2 473 287.04 |
| Intérêts à recevoir sur titres | 3 144 482.46 |
| Créances sur dividendes | 933 165.76 |
| Autres créances | 250 234.45 |
| Bénéfice/(perte) non réalisé(e) sur contrats financiers à terme (note 1) | 9 540 733.93 |
| Bénéfice/(perte) non réalisé(e) sur contrats de change à terme (note 1) | 1 701 501.98 |
| Total de l’Actif | 2 345 840 197.41 |
|  |  |
| Passif |  |
| Engagements sur achats de titres (note 1) | -7 365 492.55 |
| Engagements sur rachats | -5 441 120.33 |
| Provisions pour commission de gestion forfaitaire (note 2) | -1 169 005.24 |
| Provisions pour taxe d’abonnement (note 3) | -131 882.49 |
| Provisions pour autres commissions et frais (note 2) | 	-191 451.24	 |
| Total des Provisions pour frais | -1 492 338.97 |
| Total du Passif | -14 298 951.85 |
|  |  |
| Actif net à la fin de la période | 2 331 541 245.56 |
| Etat des opérations | USD |
| Revenus | 1.6.2019-30.11.2019 |
| Revenus d’intérêts sur liquidités | 377 017.61 |
| Intérêts sur titres | 6 232 706.74 |
| Dividendes | 3 657 290.09 |
| Revenus sur prêts de titres (note 12) | 254 050.95 |
| Autres revenus (note 4) | 164 622.15 |
| Total des Revenus | 10 685 687.54 |
|  |  |
| Charges |  |
| Frais sur prêts de titres (note 12) | -101 620.38 |
| Commission de gestion forfaitaire (note 2) | -14 689 266.50 |
| Taxe d’abonnement (note 3) | -398 289.14 |
| Autres commissions et frais (note 2) | -229 991.50 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -26 506.60 |
| Total des Charges | -15 445 674.12 |
|  |  |
| Revenus/pertes net(te)s de placements | -4 759 986.58 |
|  |  |
| Bénéfices/(pertes) réalisé(e)s (note 1) |  |
| Bénéfice/(perte) réalisé(e) sur titres évalués à la valeur de marché hors options | 16 916 622.14 |
| Bénéfice/perte réalisé(e) sur contrats financiers à terme | -54 470 305.93 |
| Bénéfice/(perte) réalisé(e) sur contrats de change à terme | -7 299 133.24 |
| Bénéfice/(perte) réalisé(e) sur swaps | -12.80 |
| Bénéfice/(perte) de change réalisé(e) | 5 210 328.59 |
| Total des Bénéfices/(pertes) réalisé(e)s | -39 642 501.24 |
|  |  |
| Bénéfice/(perte) net(te) réalisé(e) au cours de la période | -44 402 487.82 |
|  |  |
| Fluctuations de la plus-/(moins)-value non réalisée (note 1) |  |
| Plus-/(moins)-value non réalisée sur titres évalués à la valeur de marché hors options | 122 840 130.81 |
| Plus-/(moins)-value non réalisée sur instruments du marché monétaire et titres évalués en fonction des rendements | 68 654.84 |
| Plus-/(moins)-value non réalisée sur contrats financiers à terme | 17 261 272.86 |
| Plus-/(moins)-value non réalisée sur contrats de change à terme | -5 739 539.58 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 134 430 518.93 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 90 028 031.11 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD)
Rapport semestriel au 30 novembre 2019
| Fluctuations de l’actif net |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-30.11.2019 |
| Actif net au début de la période | 2 120 118 601.72 |
| Souscriptions | 362 759 685.22 |
| Rachats | 	-234 586 593.26	 |
| Total des Entrées/(sorties) de capitaux | 128 173 091.96 |
| Dividendes versés | -6 778 479.23 |
| Revenus/pertes net(te)s de placements | -4 759 986.58 |
| Total des Bénéfices/(pertes) réalisé(e)s | -39 642 501.24 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 	134 430 518.93	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 90 028 031.11 |
| Actif net à la fin de la période | 2 331 541 245.56 |
| Evolution des actions en circulation |  |
|  | 1.6.2019-30.11.2019 |
| Catégorie | K-1-4%-mdist |
| Nombre d’actions en circulation au début de la période | 5.3000 |
| Nombre d’actions émises | 2.3000 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 7.6000 |
| Catégorie | (EUR hedged) K-1-4%-mdist |
| Nombre d’actions en circulation au début de la période | 3.5000 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 3.5000 |
| Catégorie | K-1-acc |
| Nombre d’actions en circulation au début de la période | 20.9000 |
| Nombre d’actions émises | 1.4000 |
| Nombre d’actions rachetées | -0.4000 |
| Nombre d’actions en circulation à la fin de la période | 21.9000 |
| Catégorie | (CHF hedged) K-1-acc |
| Nombre d’actions en circulation au début de la période | 0.7000 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -0.2000 |
| Nombre d’actions en circulation à la fin de la période | 0.5000 |
| Catégorie | (EUR hedged) K-1-acc |
| Nombre d’actions en circulation au début de la période | 4.7000 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -1.3000 |
| Nombre d’actions en circulation à la fin de la période | 3.4000 |
| Catégorie | P-4%-mdist |
| Nombre d’actions en circulation au début de la période | 2 117 416.0230 |
| Nombre d’actions émises | 210 976.2830 |
| Nombre d’actions rachetées | -237 395.8460 |
| Nombre d’actions en circulation à la fin de la période | 2 090 996.4600 |
| Catégorie | (HKD) P-4%-mdist |
| Nombre d’actions en circulation au début de la période | 462 432.4010 |
| Nombre d’actions émises | 32 025.4840 |
| Nombre d’actions rachetées | -46 078.8820 |
| Nombre d’actions en circulation à la fin de la période | 448 379.0030 |
| Catégorie | P-acc |
| Nombre d’actions en circulation au début de la période | 5 559 346.9120 |
| Nombre d’actions émises | 900 260.4580 |
| Nombre d’actions rachetées | -561 525.1610 |
| Nombre d’actions en circulation à la fin de la période | 5 898 082.2090 |
| Catégorie | (HKD) P-acc |
| Nombre d’actions en circulation au début de la période | 555 478.3460 |
| Nombre d’actions émises | 14 060.7060 |
| Nombre d’actions rachetées | -42 695.9510 |
| Nombre d’actions en circulation à la fin de la période | 526 843.1010 |
| Catégorie | (AUD hedged) P-acc |
| Nombre d’actions en circulation au début de la période | 595 848.9110 |
| Nombre d’actions émises | 160 879.7260 |
| Nombre d’actions rachetées | -42 106.9840 |
| Nombre d’actions en circulation à la fin de la période | 714 621.6530 |
| Catégorie | (CAD hedged) P-acc |
| Nombre d’actions en circulation au début de la période | 448 319.5320 |
| Nombre d’actions émises | 15 235.8120 |
| Nombre d’actions rachetées | -16 519.7120 |
| Nombre d’actions en circulation à la fin de la période | 447 035.6320 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Rapport semestriel au 30 novembre 2019
| Catégorie | (CHF hedged) P-acc |
| --- | --- |
| Nombre d’actions en circulation au début de la période | 2 077 072.9020 |
| Nombre d’actions émises | 244 206.1230 |
| Nombre d’actions rachetées | -155 876.6890 |
| Nombre d’actions en circulation à la fin de la période | 2 165 402.3360 |
| Catégorie | (EUR hedged) P-acc |
| Nombre d’actions en circulation au début de la période | 2 149 396.9750 |
| Nombre d’actions émises | 352 239.5150 |
| Nombre d’actions rachetées | -402 296.2330 |
| Nombre d’actions en circulation à la fin de la période | 2 099 340.2570 |
| Catégorie | (GBP hedged) P-acc |
| Nombre d’actions en circulation au début de la période | 346 984.7990 |
| Nombre d’actions émises | 106 837.0670 |
| Nombre d’actions rachetées | -7 096.3420 |
| Nombre d’actions en circulation à la fin de la période | 446 725.5240 |
| Catégorie | (SGD hedged) P-acc |
| Nombre d’actions en circulation au début de la période | 436 591.7930 |
| Nombre d’actions émises | 84 855.6800 |
| Nombre d’actions rachetées | -58 524.1200 |
| Nombre d’actions en circulation à la fin de la période | 462 923.3530 |
| Catégorie | Q-4%-mdist |
| Nombre d’actions en circulation au début de la période | 179 020.0620 |
| Nombre d’actions émises | 138 089.4700 |
| Nombre d’actions rachetées | -56 147.3400 |
| Nombre d’actions en circulation à la fin de la période | 260 962.1920 |
| Catégorie | (HKD) Q-4%-mdist |
| Nombre d’actions en circulation au début de la période | 80 633.6330 |
| Nombre d’actions émises | 32 525.5410 |
| Nombre d’actions rachetées | -25 822.3110 |
| Nombre d’actions en circulation à la fin de la période | 87 336.8630 |
| Catégorie | Q-acc |
| Nombre d’actions en circulation au début de la période | 1 172 458.7630 |
| Nombre d’actions émises | 469 074.9690 |
| Nombre d’actions rachetées | -120 588.9760 |
| Nombre d’actions en circulation à la fin de la période | 1 520 944.7560 |
| Catégorie | (HKD) Q-acc |
| Nombre d’actions en circulation au début de la période | 16 415.1520 |
| Nombre d’actions émises | 1 395.5090 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 17 810.6610 |
| Catégorie | (CAD hedged) Q-acc |
| Nombre d’actions en circulation au début de la période | 63 607.7480 |
| Nombre d’actions émises | 15 608.2450 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 79 215.9930 |
| Catégorie | (CHF hedged) Q-acc |
| Nombre d’actions en circulation au début de la période | 776 353.9840 |
| Nombre d’actions émises | 67 802.4240 |
| Nombre d’actions rachetées | -53 803.7630 |
| Nombre d’actions en circulation à la fin de la période | 790 352.6450 |
| Catégorie | (EUR hedged) Q-acc |
| Nombre d’actions en circulation au début de la période | 940 295.5580 |
| Nombre d’actions émises | 172 893.0800 |
| Nombre d’actions rachetées | -193 361.9250 |
| Nombre d’actions en circulation à la fin de la période | 919 826.7130 |
| Catégorie | (GBP hedged) Q-acc |
| Nombre d’actions en circulation au début de la période | 81 089.3390 |
| Nombre d’actions émises | 39 711.6240 |
| Nombre d’actions rachetées | -4 161.0730 |
| Nombre d’actions en circulation à la fin de la période | 116 639.8900 |
| Catégorie | (SEK hedged) Q-acc |
| Nombre d’actions en circulation au début de la période | 278 937.2570 |
| Nombre d’actions émises | 11 620.9620 |
| Nombre d’actions rachetées | -37 103.6500 |
| Nombre d’actions en circulation à la fin de la période | 253 454.5690 |
| Catégorie | (SGD hedged) Q-acc |
| Nombre d’actions en circulation au début de la période | 220 008.7610 |
| Nombre d’actions émises | 129 416.1000 |
| Nombre d’actions rachetées | -19 359.0950 |
| Nombre d’actions en circulation à la fin de la période | 330 065.7660 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD)
Rapport semestriel au 30 novembre 2019
| Distribution mensuelle 1 |  |
| --- | --- |
| UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) | Date de détachement | Date de versement | Devise | Montant par action |
| K-1-4%-mdist | 11.6.2019 | 14.6.2019 | USD | 16 331.27 |
| K-1-4%-mdist | 10.7.2019 | 15.7.2019 | USD | 16 759.08 |
| K-1-4%-mdist | 12.8.2019 | 16.8.2019 | USD | 16 841.60 |
| K-1-4%-mdist | 10.9.2019 | 13.9.2019 | USD | 16 596.01 |
| K-1-4%-mdist | 10.10.2019 | 15.10.2019 | USD | 16 557.94 |
| K-1-4%-mdist | 11.11.2019 | 14.11.2019 | USD | 16 560.69 |
| (EUR hedged) K-1-4%-mdist | 11.6.2019 | 14.6.2019 | EUR | 9 571.80 |
| (EUR hedged) K-1-4%-mdist | 10.7.2019 | 15.7.2019 | EUR | 9 797.96 |
| (EUR hedged) K-1-4%-mdist | 12.8.2019 | 16.8.2019 | EUR | 9 823.96 |
| (EUR hedged) K-1-4%-mdist | 10.9.2019 | 13.9.2019 | EUR | 9 657.22 |
| (EUR hedged) K-1-4%-mdist | 10.10.2019 | 15.10.2019 | EUR | 9 614.68 |
| (EUR hedged) K-1-4%-mdist | 11.11.2019 | 14.11.2019 | EUR | 9 593.24 |
| P-4%-mdist | 11.6.2019 | 14.6.2019 | USD | 0.33 |
| P-4%-mdist | 10.7.2019 | 15.7.2019 | USD | 0.33 |
| P-4%-mdist | 12.8.2019 | 16.8.2019 | USD | 0.34 |
| P-4%-mdist | 10.9.2019 | 13.9.2019 | USD | 0.33 |
| P-4%-mdist | 10.10.2019 | 15.10.2019 | USD | 0.33 |
| P-4%-mdist | 11.11.2019 | 14.11.2019 | USD | 0.33 |
| (HKD) P-4%-mdist | 11.6.2019 | 14.6.2019 | HKD | 3.28 |
| (HKD) P-4%-mdist | 10.7.2019 | 15.7.2019 | HKD | 3.36 |
| (HKD) P-4%-mdist | 12.8.2019 | 16.8.2019 | HKD | 3.38 |
| (HKD) P-4%-mdist | 10.9.2019 | 13.9.2019 | HKD | 3.33 |
| (HKD) P-4%-mdist | 10.10.2019 | 15.10.2019 | HKD | 3.32 |
| (HKD) P-4%-mdist | 11.11.2019 | 14.11.2019 | HKD | 3.32 |
| Q-4%-mdist | 11.6.2019 | 14.6.2019 | USD | 0.34 |
| Q-4%-mdist | 10.7.2019 | 15.7.2019 | USD | 0.34 |
| Q-4%-mdist | 12.8.2019 | 16.8.2019 | USD | 0.35 |
| Q-4%-mdist | 10.9.2019 | 13.9.2019 | USD | 0.34 |
| Q-4%-mdist | 10.10.2019 | 15.10.2019 | USD | 0.34 |
| Q-4%-mdist | 11.11.2019 | 14.11.2019 | USD | 0.34 |
| (HKD) Q-4%-mdist | 11.6.2019 | 14.6.2019 | HKD | 3.40 |
| (HKD) Q-4%-mdist | 10.7.2019 | 15.7.2019 | HKD | 3.48 |
| (HKD) Q-4%-mdist | 12.8.2019 | 16.8.2019 | HKD | 3.50 |
| (HKD) Q-4%-mdist | 10.9.2019 | 13.9.2019 | HKD | 3.45 |
| (HKD) Q-4%-mdist | 10.10.2019 | 15.10.2019 | HKD | 3.45 |
| (HKD) Q-4%-mdist | 11.11.2019 | 14.11.2019 | HKD | 3.45 |
| 1  Voir note 5 |  |  |  |  |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Rapport semestriel au 30 novembre 2019

## Etat du portefeuille-titres et autres actifs nets au 30 novembre 2019
| Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
| Titres et instruments du marché monétaire négociés sur une bourse officielle |  |  |  |
| Actions au porteur |  |  |  |
| Autriche |  |  |  |
| EUR	ANDRITZ AG NPV(BR) | 2 440.00 | 95 238.18 | 0.00 |
| EUR	ERSTE GROUP BK AG NPV | 10 745.00 | 385 041.70 | 0.02 |
| EUR	OMV AG NPV(VAR) | 5 470.00 | 312 055.43 | 0.01 |
| EUR	RAIFFEISEN BK INTL NPV (REGD) | 5 630.00 | 132 284.77 | 0.01 |
| EUR	VERBUND AG CLASS’A’NPV | 2 236.00 | 116 318.21 | 0.01 |
| EUR	VOESTALPINE AG NPV | 3 896.00 | 103 312.30 | 0.00 |
| Total Autriche |  | 1 144 250.59 | 0.05 |
| Belgique |  |  |  |
| EUR	ANHEUSER-BUSCH IN NPV | 27 014.00 | 2 140 693.69 | 0.09 |
| EUR	COLRUYT SA NPV | 2 407.00 | 124 736.04 | 0.01 |
| EUR	GALAPAGOS NV NPV | 894.00 | 176 296.81 | 0.01 |
| EUR	GPE BRUXELLES LAM NPV | 3 213.00 | 326 278.41 | 0.01 |
| EUR	PROXIMUS SA NPV | 5 957.00 | 179 836.99 | 0.01 |
| EUR	SOLVAY SA NPV | 2 864.00 | 328 416.02 | 0.01 |
| EUR	UMICORE NPV | 6 847.00 | 294 279.60 | 0.01 |
| Total Belgique |  | 3 570 537.56 | 0.15 |
| Canada |  |  |  |
| CAD	1ST CAP REALTY INC COM NPV | 5 200.00 | 84 484.10 | 0.00 |
| CAD	AIR CANADA VAR VTG SHS NPV | 4 156.00 | 156 602.90 | 0.01 |
| CAD	ALTAGAS LTD COM NPV | 8 004.00 | 118 711.69 | 0.01 |
| CAD	ATCO LTD CL 1 NON VTG | 2 200.00 | 83 461.70 | 0.00 |
| CAD	AURORA CANNABIS IN COM NPV | 24 100.00 | 60 238.66 | 0.00 |
| CAD	BOMBARDIER INC CLASS’B’SUB-VTG NPV | 77 597.00 | 115 088.34 | 0.01 |
| CAD	CAE INC COM NPV | 9 600.00 | 257 951.44 | 0.01 |
| CAD	CAMECO CORP COM | 11 338.00 | 103 286.13 | 0.00 |
| CAD	CANADIAN UTILS LTD CL A | 4 004.00 | 117 746.09 | 0.01 |
| CAD	CANOPY GROWTH CORP COM NPV | 6 900.00 | 127 324.68 | 0.01 |
| CAD	CI FINANCIAL CORP COM NPV | 6 731.00 | 106 013.57 | 0.01 |
| CAD	EMERA INC COM | 7 613.00 | 313 060.09 | 0.01 |
| CAD	EMPIRE LTD CL A | 5 200.00 | 139 253.91 | 0.01 |
| CAD	HUSKY ENERGY INC COM | 10 304.00 | 75 015.76 | 0.00 |
| CAD	HYDRO ONE INC COM NPV | 10 095.00 | 190 157.65 | 0.01 |
| CAD	IGM FINANCIAL INC COM | 2 364.00 | 67 987.80 | 0.00 |
| CAD	KEYERA CORPORATION COM NPV | 6 370.00 | 155 431.36 | 0.01 |
| CAD	KINROSS GOLD CORP COM NPV | 32 795.00 | 141 722.79 | 0.01 |
| CAD	KIRKLAND LAKE GOLD COM NPV | 6 954.00 | 292 086.32 | 0.01 |
| CAD	LUNDIN MINING CORP COM | 18 600.00 | 100 684.36 | 0.00 |
| CAD	METHANEX CORP COM | 1 800.00 | 66 985.88 | 0.00 |
| CAD	ONEX CORP SUB VTG | 2 900.00 | 172 700.92 | 0.01 |
| CAD	PRAIRIESKY ROYALTY COM NPV | 6 100.00 | 62 917.37 | 0.00 |
| CAD	QUEBECOR INC CL B | 4 203.00 | 104 232.50 | 0.00 |
| CAD	STARS GROUP INC(TH COM NPV) | 7 313.00 | 175 247.72 | 0.01 |
| CAD	TELUS CORPORATION NPV | 6 638.00 | 250 577.32 | 0.01 |
| CAD	WEST FRASER TIMBER COM NPV | 1 600.00 | 69 589.31 | 0.00 |
| CAD	WSP GLOBAL INC COM NPV | 3 400.00 | 219 448.15 | 0.01 |
| Total Canada |  | 3 928 008.51 | 0.17 |
| Finlande |  |  |  |
| EUR	KONE CORPORATION NPV ORD ‘B’ | 11 991.00 | 751 232.94 | 0.03 |
| EUR	METSO OYJ NPV | 3 764.00 | 144 426.48 | 0.01 |
| EUR	WARTSILA OYJ ABP SER’B’EUR3.50 | 16 724.00 | 168 466.77 | 0.01 |
| Total Finlande |  | 1 064 126.19 | 0.05 |
| France |  |  |  |
| EUR	ACCOR EUR3 | 6 399.00 | 273 966.52 | 0.01 |
| EUR	ADP EUR3 | 1 030.00 | 201 582.85 | 0.01 |
| EUR	AIR LIQUIDE(L’) EUR5.5 (POST-SUBDIVISION) | 17 118.00 | 2 322 483.45 | 0.10 |
| EUR	AIRBUS EUR1 | 20 887.00 | 3 072 202.83 | 0.13 |
| EUR	ALSTOM EUR7.00 | 5 409.00 | 236 053.67 | 0.01 |
| EUR	AMUNDI EUR2.5 (AIW) | 2 407.00 | 182 326.93 | 0.01 |
| EUR	ARKEMA EUR10 | 2 706.00 | 280 640.76 | 0.01 |
| EUR	ATOS SE EUR1 | 3 779.00 | 321 171.19 | 0.01 |
| EUR	AXA EUR2.29 | 69 175.00 | 1 883 545.81 | 0.08 |
| EUR	BIOMERIEUX NPV (POST SPLIT) | 1 588.00 | 143 663.71 | 0.01 |
| EUR	BNP PARIBAS EUR2 | 40 917.00 | 2 299 515.84 | 0.10 |
| EUR	BOLLORE EUR0.16 | 33 637.00 | 143 902.05 | 0.01 |
| EUR	BOUYGUES EUR1 | 8 318.00 | 340 076.51 | 0.01 |
| EUR	BUREAU VERITAS EUR0.12 | 10 627.00 | 278 403.77 | 0.01 |
| EUR	CAPGEMINI EUR8 | 5 702.00 | 674 912.16 | 0.03 |
| EUR	CARREFOUR EUR2.50 | 21 512.00 | 355 312.59 | 0.02 |
| EUR	CASINO GUICH-PERR EUR1.53 | 2 102.00 | 92 567.55 | 0.00 |
| EUR	CIE DE ST-GOBAIN EUR4 | 17 536.00 | 710 568.36 | 0.03 |
| EUR	CNP ASSURANCES EUR1 | 5 515.00 | 108 968.63 | 0.00 |
| EUR	COVIVIO EUR3 | 1 518.00 | 168 044.18 | 0.01 |
| EUR	CREDIT AGRICOLE SA EUR3 | 40 451.00 | 553 724.80 | 0.02 |
| EUR	DANONE EUR0.25 | 22 191.00 | 1 828 233.76 | 0.08 |
| EUR	DASSAULT AVIATION EUR8 | 87.00 | 118 468.86 | 0.01 |
| EUR	DASSAULT SYSTEMES EUR0.50 | 4 621.00 | 728 601.39 | 0.03 |
| EUR	EDENRED EUR2 | 8 916.00 | 442 876.71 | 0.02 |
| EUR	EDF EUR0.5 | 20 231.00 | 207 987.67 | 0.01 |
| EUR	EIFFAGE EUR4 | 2 986.00 | 326 273.23 | 0.01 |
| EUR	ENGIE EUR1 | 64 552.00 | 1 022 073.51 | 0.04 |
| EUR	ESSILORLUXOTTICA EUR0.18 | 10 172.00 | 1 581 406.26 | 0.07 |
| EUR	EURAZEO NPV | 1 095.00 | 74 674.41 | 0.00 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD)
Rapport semestriel au 30 novembre 2019
|  | Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
|  |  |  |  |  |
| EUR | EUTELSAT COMMUNICA EUR1 | 6 742.00 | 110 688.23 | 0.00 |
| EUR | FAURECIA EUR7 | 2 668.00 | 141 615.21 | 0.01 |
| EUR | GETLINK SE EUR0.40 | 15 685.00 | 264 775.44 | 0.01 |
| EUR | HERMES INTL NPV | 1 115.00 | 835 991.32 | 0.04 |
| EUR | ICADE NPV | 1 043.00 | 104 478.57 | 0.00 |
| EUR | ILIAD NPV | 970.00 | 123 583.27 | 0.01 |
| EUR | INGENICO GROUP EUR1 | 2 330.00 | 248 838.96 | 0.01 |
| EUR | IPSEN EUR1 | 1 427.00 | 161 274.55 | 0.01 |
| EUR | JC DECAUX SA NPV | 2 102.00 | 60 259.30 | 0.00 |
| EUR | KERING EUR4 | 2 694.00 | 1 623 920.09 | 0.07 |
| EUR | KLEPIERRE EUR1.40 | 7 572.00 | 271 923.26 | 0.01 |
| EUR | L’OREAL EUR0.20 | 9 008.00 | 2 569 465.52 | 0.11 |
| EUR | LEGRAND SA EUR4 | 9 749.00 | 770 506.05 | 0.03 |
| EUR | LVMH MOET HENNESSY EUR0.30 | 9 938.00 | 4 463 046.28 | 0.19 |
| EUR | NATIXIS EUR1.6 | 31 695.00 | 132 553.62 | 0.01 |
| EUR | ORANGE EUR4 | 72 465.00 | 1 198 498.64 | 0.05 |
| EUR | PERNOD RICARD EUR1.55 | 7 464.00 | 1 371 908.73 | 0.06 |
| EUR | PEUGEOT SA EUR1 | 20 453.00 | 494 328.40 | 0.02 |
| EUR | PUBLICIS GROUPE SA EUR0.40 | 7 440.00 | 327 641.56 | 0.01 |
| EUR | REMY COINTREAU EUR1.60 | 889.00 | 114 586.71 | 0.00 |
| EUR | RENAULT SA EUR3.81 | 6 796.00 | 325 620.03 | 0.01 |
| EUR | SAFRAN EUR0.20 | 11 682.00 | 1 912 121.09 | 0.08 |
| EUR | SANOFI EUR2 | 40 205.00 | 3 746 331.09 | 0.16 |
| EUR | SARTORIUS STEDIM B EUR0.20 (POST SUBD) | 959.00 | 152 370.39 | 0.01 |
| EUR | SCHNEIDER ELECTRIC EUR8 | 19 560.00 | 1 889 256.59 | 0.08 |
| EUR | SCOR SE EUR7.876972 (POST CONS) | 6 171.00 | 265 293.60 | 0.01 |
| EUR | SEB SA EUR1 | 902.00 | 140 230.87 | 0.01 |
| EUR | SOC GENERALE EUR1.25 | 27 185.00 | 856 062.61 | 0.04 |
| EUR | SODEXO EUR4 | 3 285.00 | 383 211.94 | 0.02 |
| EUR | SUEZ EUR4 | 10 553.00 | 156 326.14 | 0.01 |
| EUR | TELEPERFORMANCE EUR2.50 | 2 197.00 | 520 818.62 | 0.02 |
| EUR | THALES EUR3 | 3 724.00 | 365 112.85 | 0.02 |
| EUR | TOTAL EUR2.5 | 85 348.00 | 4 483 148.14 | 0.19 |
| EUR | UBISOFT ENTERTAIN EUR0.31 | 3 035.00 | 184 386.15 | 0.01 |
| EUR | UNIBAIL-RODAMCO-WE NPV(1 ORD UNIBAIL-R & 1CLS) | 5 115.00 | 800 287.48 | 0.03 |
| EUR | VALEO EUR1 (POST SUBD) | 8 910.00 | 351 312.18 | 0.02 |
| EUR | VEOLIA ENVIRONNEME EUR5 | 18 930.00 | 485 070.35 | 0.02 |
| EUR | VINCI EUR2.50 | 18 253.00 | 1 992 047.51 | 0.09 |
| EUR | VIVENDI SA EUR5.50 | 32 851.00 | 902 640.09 | 0.04 |
| EUR | WENDEL EUR4 | 1 038.00 | 139 972.20 | 0.01 |
| EUR | WORLDLINE EUR0.68 | 2 713.20 | 175 754.99 | 0.01 |
| Total France |  | 56 591 488.58 | 2.43 |
| Allemagne |  |  |  |
| EUR	BAYERISCHE MOTOREN WERKE AG EUR1 | 11 567.00 | 934 851.65 | 0.04 |
| EUR	BEIERSDORF AG NPV | 3 749.00 | 437 546.58 | 0.02 |
| EUR	CARL ZEISS MEDITEC NPV | 1 356.00 | 165 958.94 | 0.01 |
| EUR	COMMERZBANK AG NPV | 38 869.00 | 225 470.46 | 0.01 |
| EUR	CONTINENTAL AG ORD NPV | 3 935.00 | 514 573.50 | 0.02 |
| EUR	COVESTRO AG NPV | 6 290.00 | 294 752.55 | 0.01 |
| EUR	DEUTSCHE WOHNEN AG NPV (BR) | 12 885.00 | 503 638.18 | 0.02 |
| EUR	FRAPORT AG NPV | 1 249.00 | 106 481.04 | 0.00 |
| EUR	FRESENIUS MED CARE NPV | 7 649.00 | 561 352.89 | 0.02 |
| EUR	FRESENIUS SE & CO. KGAA NPV | 14 801.00 | 810 104.08 | 0.03 |
| EUR	GEA GROUP AG NPV | 6 073.00 | 195 324.94 | 0.01 |
| EUR	HEIDELBERGCEMENT NPV | 5 726.00 | 423 635.02 | 0.02 |
| EUR	HENKEL AG & CO KGAA | 3 641.00 | 352 478.95 | 0.02 |
| EUR	HOCHTIEF AG NPV | 956.00 | 117 530.54 | 0.00 |
| EUR	KION GROUP AG NPV | 2 235.00 | 148 400.81 | 0.01 |
| EUR	KNORR BREMSE AG NPV | 1 624.00 | 158 076.14 | 0.01 |
| EUR	LANXESS AG NPV | 3 266.00 | 217 866.04 | 0.01 |
| EUR	MERCK KGAA NPV | 4 587.00 | 536 108.38 | 0.02 |
| EUR	METRO AG (NEW) NPV | 7 047.00 | 113 636.58 | 0.00 |
| EUR	PUMA SE NPV | 3 270.00 | 245 895.24 | 0.01 |
| EUR	RWE AG (NEU) NPV | 20 012.00 | 593 775.37 | 0.03 |
| EUR	SAP AG ORD NPV | 35 196.00 | 4 791 901.89 | 0.21 |
| EUR	SYMRISE AG NPV (BR) | 4 558.00 | 442 458.30 | 0.02 |
| EUR	THYSSENKRUPP AG NPV | 14 804.00 | 185 754.49 | 0.01 |
| EUR	VOLKSWAGEN AG ORD NPV | 1 185.00 | 226 234.50 | 0.01 |
| EUR	WIRECARD AG NPV | 4 080.00 | 538 933.24 | 0.02 |
| EUR	ZALANDO SE NPV | 4 726.00 | 203 745.71 | 0.01 |
| Total Allemagne |  | 14 046 486.01 | 0.60 |
| Irlande |  |  |  |
| EUR	AIB GROUP PLC ORD EUR0.625 | 18 186.00 | 59 554.09 | 0.00 |
| EUR	BANK OF IRELAND GR EUR1 | 27 959.00 | 140 573.83 | 0.01 |
| GBP	DCC ORD EUR0.25 | 3 023.00 | 258 389.35 | 0.01 |
| EUR	FLUTTER ENTERTAINM ORD EUR0.09 | 2 511.00 | 287 937.37 | 0.01 |
| EUR	KERRY GROUP ‘A’ORD EUR0.125(DUBLIN LIST) | 5 244.00 | 673 028.80 | 0.03 |
| Total Irlande |  | 1 419 483.44 | 0.06 |
| Italie |  |  |  |
| EUR	ASSIC GENERALI SPA EUR1 | 39 869.00 | 814 570.64 | 0.04 |
| EUR	FINECOBANK SPA EUR0.33 | 22 348.00 | 277 456.59 | 0.01 |
| EUR	LEONARDO SPA EUR4.40 | 14 358.00 | 168 047.45 | 0.01 |
| EUR	POSTE ITALIANE SPA NPV | 21 023.00 | 245 475.77 | 0.01 |
| EUR	TELECOM ITALIA SPA DI RISP EUR0.55 | 186 227.00 | 114 781.64 | 0.00 |
| EUR	TELECOM ITALIA SPA EUR0.55 | 298 539.00 | 187 033.88 | 0.01 |
| Total Italie |  | 1 807 365.97 | 0.08 |
| Japon |  |  |  |
| JPY	ACOM CO NPV | 4 700.00 | 19 484.98 | 0.00 |
| JPY	ADVANTEST CORP NPV | 4 500.00 | 219 842.94 | 0.01 |
| JPY	AEON FINANCIAL SER NPV | 2 300.00 | 34 759.38 | 0.00 |
| JPY	AIR WATER INC NPV | 3 000.00 | 48 159.99 | 0.00 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Rapport semestriel au 30 novembre 2019
|  | Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
|  |  |  |  |  |
| JPY | AISIN SEIKI CO NPV | 3 800.00 | 143 658.11 | 0.01 |
| JPY | AMADA CO LTD NPV | 8 700.00 | 96 922.65 | 0.01 |
| JPY | AOZORA BANK LTD | 3 400.00 | 86 560.13 | 0.00 |
| JPY | ASAHI INTECC CO LT NPV | 3 600.00 | 104 867.13 | 0.01 |
| JPY | BANDAI NAMCO HLDGS NPV | 3 900.00 | 236 364.71 | 0.01 |
| JPY | BENESSE HOLDINGS INC NPV | 1 600.00 | 42 195.23 | 0.00 |
| JPY | BK OF KYOTO NPV | 1 100.00 | 45 352.02 | 0.00 |
| JPY | CALBEE INC NPV | 2 400.00 | 77 253.22 | 0.00 |
| JPY | CENTRAL JAPAN RLWY NPV | 3 000.00 | 605 287.18 | 0.03 |
| JPY | CHIBA BANK NPV | 12 000.00 | 68 377.32 | 0.00 |
| JPY | CHUGAI PHARM CO NPV | 4 700.00 | 410 214.59 | 0.02 |
| JPY | COCA-COLA BOTTLERS NPV | 2 100.00 | 50 414.57 | 0.00 |
| JPY | CONCORDIA FINANCIA NPV | 21 100.00 | 85 548.35 | 0.00 |
| JPY | CREDIT SAISON CO NPV | 3 700.00 | 61 154.23 | 0.00 |
| JPY | CYBER AGENT NPV | 1 600.00 | 55 227.83 | 0.00 |
| JPY | DAI-ICHI LIFE HOLD NPV | 20 400.00 | 328 419.32 | 0.01 |
| JPY | DAICEL CORP | 5 800.00 | 56 988.40 | 0.00 |
| JPY | DAIFUKU CO LTD NPV | 2 200.00 | 127 970.05 | 0.01 |
| JPY | DAIICHI SANKYO COM NPV | 11 100.00 | 695 536.48 | 0.03 |
| JPY | DAIKIN INDUSTRIES NPV | 4 900.00 | 704 506.43 | 0.03 |
| JPY | DAITO TRUST CONST NPV | 1 600.00 | 195 562.05 | 0.01 |
| JPY | DAIWA HOUSE INDS NPV | 10 800.00 | 330 282.16 | 0.02 |
| JPY | DAIWA HOUSE REIT I REIT | 46.00 | 125 763.86 | 0.01 |
| JPY | DENTSU INC NPV | 3 700.00 | 134 133.87 | 0.01 |
| JPY | DISCO CORPORATION NPV | 600.00 | 129 412.84 | 0.01 |
| JPY | EISAI CO NPV | 4 500.00 | 333 257.23 | 0.02 |
| JPY | FANUC CORP NPV | 4 000.00 | 763 583.23 | 0.03 |
| JPY | FAST RETAILING CO NPV | 1 100.00 | 669 884.02 | 0.03 |
| JPY | FUJI ELECTRIC CO L NPV | 3 000.00 | 92 320.34 | 0.00 |
| JPY | FUKUOKA FINANCIAL NPV | 2 500.00 | 47 598.39 | 0.00 |
| JPY | GMO PAYMENT GATEWA NPV | 600.00 | 42 516.66 | 0.00 |
| JPY | HANKYU HANSHIN HLD NPV | 4 100.00 | 175 965.66 | 0.01 |
| JPY | HIKARI TSUSHIN INC NPV | 400.00 | 93 215.23 | 0.00 |
| JPY | HIROSE ELECTRIC NPV | 720.00 | 88 496.03 | 0.00 |
| JPY | HISAMITSU PHARM CO NPV | 900.00 | 44 132.96 | 0.00 |
| JPY | HITACHI CHEMICAL NPV | 1 300.00 | 46 771.98 | 0.00 |
| JPY | HITACHI HIGH-TECH NPV | 1 200.00 | 78 239.43 | 0.00 |
| JPY | HOSHIZAKI CORPORAT NPV | 900.00 | 78 650.35 | 0.00 |
| JPY | HULIC CO LTD NPV | 6 800.00 | 76 438.68 | 0.00 |
| JPY | IDEMITSU KOSAN CO LTD | 3 758.00 | 102 537.70 | 0.01 |
| JPY | IHI CORP NPV | 2 500.00 | 58 282.35 | 0.00 |
| JPY | ISETAN MITSUKOSHI NPV | 6 100.00 | 54 310.11 | 0.00 |
| JPY | ISUZU MOTORS NPV | 9 500.00 | 111 083.46 | 0.01 |
| JPY | ITOCHU TECHNO-SOLU NPV | 1 900.00 | 50 714.09 | 0.00 |
| JPY | J FRONT RETAILING NPV | 4 200.00 | 55 151.13 | 0.00 |
| JPY | JAPAN AIRPORT TERM NPV | 1 200.00 | 62 350.47 | 0.00 |
| JPY | JAPAN EXCHANGE GP NPV | 10 300.00 | 175 036.98 | 0.01 |
| JPY | JAPAN REAL ESTATE INVESTMENT CORP | 22.00 | 149 666.70 | 0.01 |
| JPY | JGC HLDGS CORP NPV | 3 700.00 | 53 754.90 | 0.00 |
| JPY | JSR CORP NPV | 3 500.00 | 61 907.59 | 0.00 |
| JPY | JTEKT CORPORATION NPV | 4 400.00 | 54 643.41 | 0.00 |
| JPY | KAJIMA CORP NPV | 10 500.00 | 138 357.23 | 0.01 |
| JPY | KAKAKU.COM. INC NPV | 3 300.00 | 79 584.51 | 0.00 |
| JPY | KAMIGUMI CO LTD NPV | 2 800.00 | 62 029.04 | 0.00 |
| JPY | KANSAI ELEC POWER NPV | 14 100.00 | 160 686.69 | 0.01 |
| JPY | KANSAI PAINT CO NPV | 3 300.00 | 83 110.22 | 0.00 |
| JPY | KAO CORP NPV | 9 600.00 | 754 955.71 | 0.03 |
| JPY | KAWASAKI HEAVY IND NPV | 2 500.00 | 56 113.60 | 0.00 |
| JPY | KEIHAN HOLDINGS CO NPV | 1 800.00 | 87 937.17 | 0.00 |
| JPY | KEIKYU CORP | 3 800.00 | 78 109.76 | 0.00 |
| JPY | KEIO CORPORATION NPV | 1 900.00 | 121 797.10 | 0.01 |
| JPY | KEISEI ELEC RY CO NPV | 2 400.00 | 98 840.29 | 0.01 |
| JPY | KIKKOMAN CORP NPV | 2 900.00 | 145 648.80 | 0.01 |
| JPY | KINTETSU GROUP HOL NPV | 3 300.00 | 186 530.91 | 0.01 |
| JPY | KIRIN HOLDINGS CO LTD NPV | 15 800.00 | 349 588.16 | 0.02 |
| JPY | KOBAYASHI PHARMACE NPV | 1 200.00 | 98 401.97 | 0.01 |
| JPY | KOITO MFG CO LTD NPV | 1 900.00 | 97 854.08 | 0.01 |
| JPY | KOMATSU NPV | 19 500.00 | 457 095.24 | 0.02 |
| JPY | KOSE CORPORATION NPV | 700.00 | 111 414.48 | 0.01 |
| JPY | KURARAY CO NPV | 5 100.00 | 61 613.55 | 0.00 |
| JPY | KURITA WATER INDS NPV | 1 800.00 | 50 296.78 | 0.00 |
| JPY | KYUSHU ELEC POWER NPV | 7 300.00 | 64 260.80 | 0.00 |
| JPY | KYUSHU RAILWAY COR NPV | 2 500.00 | 85 037.90 | 0.00 |
| JPY | LINE CORP NPV | 1 200.00 | 56 433.20 | 0.00 |
| JPY | LION CORP NPV | 4 300.00 | 86 581.13 | 0.00 |
| JPY | M3 INC NPV | 8 300.00 | 228 134.42 | 0.01 |
| JPY | MAKITA CORP NPV | 4 100.00 | 135 531.00 | 0.01 |
| JPY | MARUI GROUP NPV | 3 800.00 | 91 399.87 | 0.00 |
| JPY | MARUICHI STL TUBE NPV | 700.00 | 20 135.15 | 0.00 |
| JPY | MCDONALD’S HOLDING NPV | 1 400.00 | 69 162.63 | 0.00 |
| JPY | MEBUKIFINANCIAL G NPV | 15 100.00 | 39 022.01 | 0.00 |
| JPY | MEIJI HOLDINGS CO NPV | 2 300.00 | 156 259.70 | 0.01 |
| JPY | MINEBEA MITSUMI INC | 6 800.00 | 131 889.32 | 0.01 |
| JPY | MISUMI GROUP INC NPV | 6 500.00 | 160 852.89 | 0.01 |
| JPY | MITSUBISHI GAS CHM NPV | 3 100.00 | 48 463.15 | 0.00 |
| JPY | MITSUBISHI MOTOR C NPV | 11 500.00 | 51 456.49 | 0.00 |
| JPY | MITSUBISHI UFJ LEA NV | 4 500.00 | 28 887.77 | 0.00 |
| JPY | MITSUI CHEMICALS NPV | 4 500.00 | 107 784.68 | 0.01 |
| JPY | MITSUI FUDOSAN CO NPV | 17 400.00 | 432 656.38 | 0.02 |
| JPY | MONOTARO CO.LTD NPV | 2 700.00 | 75 938.27 | 0.00 |
| JPY | NABTESCO CORP NPV | 1 800.00 | 55 227.83 | 0.00 |
| JPY | NAGOYA RAILROAD CO NPV | 3 100.00 | 98 653.09 | 0.01 |
| JPY | NH FOODS LTD NPV | 1 500.00 | 62 870.97 | 0.00 |
| JPY | NIDEC CORPORATION NPV | 4 400.00 | 650 497.67 | 0.03 |
| JPY | NIPPON BUILDING FD REIT | 29.00 | 217 678.75 | 0.01 |
| JPY | NIPPON EXPRESS CO NPV | 1 100.00 | 69 710.53 | 0.00 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD)
Rapport semestriel au 30 novembre 2019
|  | Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Bénéfice/(perte) non | de |
|  |  |  | réalisé(e) sur futures/ | l’actif |
|  |  |  | contrats de | net |
|  |  |  | change à terme/ |  |
|  |  |  | swaps (note 1) |  |
|  |  |  |  |  |
| JPY | NIPPON PAINT HLDGS NPV | 2 600.00 | 138 654.00 | 0.01 |
| JPY | NIPPON STEEL CORP NPV | 16 900.00 | 247 766.87 | 0.01 |
| JPY | NISSAN CHEMICAL CO NPV | 2 000.00 | 79 170.85 | 0.00 |
| JPY | NISSHIN SEIFUN GRP NPV | 3 700.00 | 69 465.80 | 0.00 |
| JPY | NISSIN FOODS HLDG NPV | 1 500.00 | 112 318.51 | 0.01 |
| JPY | NITORI HOLDINGS CO LTD | 1 500.00 | 234 910.05 | 0.01 |
| JPY | NITTO DENKO CORP NPV | 3 700.00 | 207 451.37 | 0.01 |
| JPY | NOMURA REAL ESTATE HOLDINGS INC | 2 700.00 | 65 213.22 | 0.00 |
| JPY | NSK LTD NPV | 6 000.00 | 57 967.31 | 0.00 |
| JPY | OBAYASHI CORP NPV | 11 800.00 | 124 993.15 | 0.01 |
| JPY | OBIC CO LTD NPV | 1 400.00 | 185 754.72 | 0.01 |
| JPY | ODAKYU ELEC RLWY NPV | 6 900.00 | 169 554.37 | 0.01 |
| JPY | OJI HOLDINGS CO NPV | 14 000.00 | 79 901.38 | 0.00 |
| JPY | OLYMPUS CORP NPV | 24 600.00 | 364 810.52 | 0.02 |
| JPY | ONO PHARMACEUTICAL NPV | 6 900.00 | 154 684.50 | 0.01 |
| JPY | ORACLE CORP JAPAN NPV | 800.00 | 73 564.06 | 0.00 |
| JPY | ORIENTAL LAND CO NPV | 3 900.00 | 539 361.70 | 0.02 |
| JPY | PAN PACIFIC INTERNATIONAL HOLDINGS CORP | 9 200.00 | 149 034.79 | 0.01 |
| JPY | PEPTIDREAM INC NPV | 2 000.00 | 91 863.76 | 0.00 |
| JPY | PERSOL HOLDINGS CO NPV | 3 200.00 | 58 822.03 | 0.00 |
| JPY | PIGEON CORP NPV | 2 200.00 | 102 255.50 | 0.01 |
| JPY | POLA ORBIS HOLDINGS IN NPV | 1 700.00 | 41 882.93 | 0.00 |
| JPY | RAKUTEN INC NPV | 16 600.00 | 143 853.53 | 0.01 |
| JPY | RECRUIT HLDGS CO L NPV | 27 100.00 | 980 460.23 | 0.04 |
| JPY | RINNAI CORP NPV | 700.00 | 53 693.73 | 0.00 |
| JPY | RYOHIN KEIKAKU CO NPV | 4 100.00 | 93 336.68 | 0.00 |
| JPY | SANKYO CO LTD NPV | 1 600.00 | 54 058.99 | 0.00 |
| JPY | SBI HOLDINGS INC NPV | 5 400.00 | 112 082.91 | 0.01 |
| JPY | SECOM CO NPV | 4 400.00 | 373 945.76 | 0.02 |
| JPY | SEIBU HOLDINGS INC NPV | 4 000.00 | 70 459.32 | 0.00 |
| JPY | SEKISUI HOUSE NPV | 12 400.00 | 267 792.89 | 0.01 |
| JPY | SEVEN BANK NPV | 5 900.00 | 18 264.09 | 0.00 |
| JPY | SHARP CORP NPV | 4 100.00 | 61 924.94 | 0.00 |
| JPY | SHIMANO INC NPV | 1 600.00 | 258 606.51 | 0.01 |
| JPY | SHIMIZU CORP NPV | 13 800.00 | 132 064.65 | 0.01 |
| JPY | SHIN-ETSU CHEMICAL NPV | 7 100.00 | 759 209.20 | 0.03 |
| JPY | SHINSEI BANK NPV | 3 900.00 | 61 361.52 | 0.00 |
| JPY | SHIONOGI & CO NPV | 5 300.00 | 311 582.50 | 0.01 |
| JPY | SHISEIDO CO LTD NPV | 7 900.00 | 570 262.99 | 0.03 |
| JPY | SHIZUOKA BANK NPV | 8 000.00 | 60 852.89 | 0.00 |
| JPY | SHOWA DENKO KK NPV | 2 400.00 | 64 059.90 | 0.00 |
| JPY | SMC CORP NPV | 1 100.00 | 498 319.79 | 0.02 |
| JPY | SONY FINANCIAL HOL NPV | 3 600.00 | 83 499.23 | 0.00 |
| JPY | STANLEY ELECTRIC NPV | 3 800.00 | 105 141.08 | 0.01 |
| JPY | SUMITOMO HEAVY IND NPV | 2 300.00 | 65 738.29 | 0.00 |
| JPY | SUMITOMO METAL MNG NPV | 4 100.00 | 124 149.39 | 0.01 |
| JPY | SUMITOMO RUBBER NPV | 2 300.00 | 29 214.68 | 0.00 |
| JPY | SUNDRUG CO LTD NPV | 1 400.00 | 49 091.41 | 0.00 |
| JPY | SUNTORY BEVERAGE & NPV | 3 000.00 | 130 125.10 | 0.01 |
| JPY | SUZUKEN CO LTD NPV | 1 400.00 | 61 172.50 | 0.00 |
| JPY | SUZUKI MOTOR CORP NPV | 7 200.00 | 319 269.47 | 0.01 |
| JPY | SYSMEX CORP NPV | 3 100.00 | 214 772.17 | 0.01 |
| JPY | T&D HOLDINGS INC NPV | 11 100.00 | 130 552.46 | 0.01 |
| JPY | TAIHEIYO CEMENT NPV | 2 000.00 | 57 802.94 | 0.00 |
| JPY | TAISEI CORP NPV | 4 000.00 | 156 880.65 | 0.01 |
| JPY | TAISHO PHARM H NPV | 700.00 | 51 648.25 | 0.00 |
| JPY | TAIYO NIPPON SANSO NPV | 1 900.00 | 42 281.98 | 0.00 |
| JPY | TEIJIN LTD NPV | 5 700.00 | 107 171.03 | 0.01 |
| JPY | TERUMO CORP NPV | 13 200.00 | 462 982.37 | 0.02 |
| JPY | THK CO LTD NPV | 2 000.00 | 56 159.25 | 0.00 |
| JPY | TOBU RAILWAY CO NPV | 2 600.00 | 95 087.21 | 0.00 |
| JPY | TOHO CO LTD NPV | 2 900.00 | 117 710.71 | 0.01 |
| JPY | TOHO GAS CO NPV | 1 500.00 | 56 638.66 | 0.00 |
| JPY | TOHOKU ELEC POWER NPV | 7 300.00 | 72 326.73 | 0.00 |
| JPY | TOKYO CENTURY CORP NPV | 700.00 | 37 329.92 | 0.00 |
| JPY | TOKYO GAS CO NPV | 8 500.00 | 205 262.08 | 0.01 |
| JPY | TOKYU CORP NPV | 11 100.00 | 218 837.55 | 0.01 |
| JPY | TORAY INDS INC NPV | 29 800.00 | 197 015.80 | 0.01 |
| JPY | TOSOH CORP NPV | 4 600.00 | 68 468.63 | 0.00 |
| JPY | TOTO LTD NPV | 2 500.00 | 109 350.74 | 0.01 |
| JPY | TOYO SUISAN KAISHA NPV | 1 700.00 | 73 271.85 | 0.00 |
| JPY | TOYODA GOSEI NPV | 1 900.00 | 44 363.98 | 0.00 |
| JPY | TOYOTA INDUSTRIES NPV | 2 700.00 | 158 533.47 | 0.01 |
| JPY | TOYOTA TSUSHO CORP NPV | 3 800.00 | 132 727.60 | 0.01 |
| JPY | TSURUHA HOLDINGS I NPV | 700.00 | 83 289.20 | 0.00 |
| JPY | USS CO LTD NPV | 6 100.00 | 118 201.08 | 0.01 |
| JPY | WELCIA HOLDINGS CO NPV | 1 000.00 | 61 272.94 | 0.00 |
| JPY | YAKULT HONSHA CO NPV | 2 500.00 | 146 561.96 | 0.01 |
| JPY | YAMAHA CORP NPV | 2 500.00 | 137 658.66 | 0.01 |
| JPY | YAMATO HOLDINGS CO NPV | 5 200.00 | 88 890.51 | 0.00 |
| JPY | ZOZO INC NPV | 2 620.00 | 52 132.04 | 0.00 |
| Total Japon | 28 263 397.97 | 1.21 |
| Jersey |  |  |  |  |
| GBP | GLENCORE XSTRATA ORD USD0.01 | 325 371.00 | 1 026 495.56 | 0.04 |
| Total Jersey |  | 1 026 495.56 | 0.04 |
| Luxembourg |  |  |  |
| EUR	AROUNDTOWN SA EUR0.01 | 33 956.00 | 295 101.18 | 0.01 |
| EUR	EUROFINS SCIENTIFI EUR0.10 | 389.00 | 204 419.17 | 0.01 |
| Total Luxembourg |  | 499 520.35 | 0.02 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Rapport semestriel au 30 novembre 2019
|  | Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Bénéfice/(perte) non | de |
|  |  |  | réalisé(e) sur futures/ | l’actif |
|  |  |  | contrats de | net |
|  |  |  | change à terme/ |  |
|  |  |  | swaps (note 1) |  |
| Pays-Bas |  |  |  |  |
| USD | AERCAP HOLDINGS EUR0.01 | 5 061.00 | 312 820.41 | 0.01 |
| EUR | AKZO NOBEL NV EUR0.50(POST REV SPLIT) | 8 002.00 | 766 895.61 | 0.03 |
| EUR | ALTICE EUROPE N.V. EUR0.01 (COMMON SHARES A) | 14 588.00 | 86 889.71 | 0.00 |
| EUR | EXOR NV EUR0.01 | 4 136.00 | 316 670.95 | 0.01 |
| EUR | HEINEKEN HOLDING EUR1.6 | 3 985.00 | 382 265.91 | 0.02 |
| EUR | HEINEKEN NV EUR1.60 | 9 300.00 | 964 303.09 | 0.04 |
| EUR | ING GROEP N.V. EUR0.01 | 138 740.00 | 1 597 668.02 | 0.07 |
| EUR | KON KPN NV EUR0.04 | 122 065.00 | 376 310.48 | 0.02 |
| EUR | KONINKLIJKE AHOLD EUR0.01 | 41 894.00 | 1 080 207.51 | 0.05 |
| EUR | KONINKLIJKE PHILIPS NV EUR0.20 | 33 574.00 | 1 560 152.79 | 0.07 |
| USD | NXP SEMICONDUCTORS EUR0.20 | 10 192.00 | 1 177 991.36 | 0.05 |
| EUR | QIAGEN NV EUR0.01 | 8 507.00 | 364 499.74 | 0.02 |
| EUR | RANDSTAD N.V. EUR0.10 | 4 166.00 | 242 808.79 | 0.01 |
| GBP | ROYAL DUTCH SHELL ‘B’SHS EUR0.07 (UK LIST) | 113 374.00 | 3 210 885.75 | 0.14 |
| EUR | STMICROELECTRONICS EUR1.04 | 24 438.00 | 600 881.06 | 0.03 |
| EUR | VOPAK(KON) EUR0.50 | 2 342.00 | 124 956.97 | 0.00 |
| EUR | WOLTERS KLUWER EUR0.12 | 10 103.00 | 725 854.24 | 0.03 |
| Total Pays-Bas	13 892 062.39	0.60 |
| Espagne |  |  |  |  |
| EUR | ACS ACTIVIDADES CO EUR0.5 | 9 598.00 | 373 888.73 | 0.02 |
| EUR | AENA SME S.A. EUR10 | 2 448.00 | 449 950.77 | 0.02 |
| EUR | AMADEUS IT GROUP EUR0.01 | 15 559.00 | 1 240 332.05 | 0.05 |
| EUR | BANKIA S.A. EUR1 (POST CONS) | 51 663.00 | 100 170.54 | 0.00 |
| EUR | BCO DE SABADELL EUR0.125 | 217 232.00 | 241 196.64 | 0.01 |
| EUR | CAIXABANK SA EUR1 | 129 434.00 | 382 330.62 | 0.02 |
| EUR | CELLNEX TELECOM SA EUR0.25 | 8 680.00 | 373 252.15 | 0.02 |
| EUR | ENAGAS SA EUR1.50 | 8 279.00 | 206 393.70 | 0.01 |
| EUR | ENDESA SA EUR1.2 | 11 703.00 | 318 464.00 | 0.01 |
| EUR | FERROVIAL SA EUR0.2 | 16 939.00 | 503 343.57 | 0.02 |
| EUR | GRIFOLS SA EUR0.25 (CLASS A) POST SUBD | 11 258.00 | 384 929.33 | 0.02 |
| EUR | IBERDROLA SA EUR0.75 (POST SUBDIVISION) | 213 510.00 | 2 101 795.17 | 0.09 |
| EUR | INDITEX EUR0.03 (POST SUBD) | 38 700.00 | 1 205 871.72 | 0.05 |
| EUR | NATURGY ENERGY GRO EUR1 | 11 335.00 | 294 952.12 | 0.01 |
| EUR | RED ELECTRICA CORP EUR0.5 | 16 239.00 | 317 815.90 | 0.01 |
| EUR | REPSOL SA EUR1 | 51 748.00 | 815 349.46 | 0.04 |
| EUR | SIEMENS GAMESA RENEWABLE ENERGY | 8 273.00 | 132 129.42 | 0.01 |
| EUR | TELEFONICA SA EUR1 | 165 226.00 | 1 266 502.76 | 0.05 |
| Total Espagne	10 708 668.65	0.46 |
| Suisse |  |  |  |  |
| CHF | PARGESA HLDGS SA CHF20(BR) | 2 197.00 | 173 456.05 | 0.01 |
| CHF | SWATCH GROUP CHF2.25(BR) | 1 483.00 | 415 510.08 | 0.02 |
| CHF | SWISS RE AG CHF0.10 | 16 196.00 | 1 755 167.66 | 0.07 |
| CHF | VIFOR PHARMA AG CHF0.01 | 2 376.00 | 423 916.35 | 0.02 |
| Total Suisse |  | 2 768 050.14 | 0.12 |
| Grande-Bretagne |  |  |  |
| GBP	3I GROUP ORD GBP0.738636 | 31 051.00 | 430 161.46 | 0.02 |
| GBP	ASTRAZENECA ORD USD0.25 | 39 856.00 | 3 844 877.63 | 0.16 |
| GBP	AVIVA ORD GBP0.25 | 119 546.00 | 624 407.05 | 0.03 |
| GBP	BAE SYSTEMS ORD GBP0.025 | 98 583.00 | 731 183.11 | 0.03 |
| GBP	BARRATT DEVEL ORD GBP0.10 | 32 083.00 | 276 717.73 | 0.01 |
| GBP	BRIT AMER TOBACCO ORD GBP0.25 | 69 603.00 | 2 754 963.30 | 0.12 |
| GBP	BRITISH LAND CO PLC REIT | 29 357.00 | 218 574.19 | 0.01 |
| GBP	BT GROUP ORD GBP0.05 | 243 637.00 | 603 690.73 | 0.03 |
| GBP	BUNZL ORD GBP0.32142857 | 10 010.00 | 274 884.66 | 0.01 |
| USD	COCA-COLA EUROPEAN ORD EUR0.01 | 8 791.00 | 443 593.86 | 0.02 |
| GBP	EVRAZ PLC ORD USD1 | 14 587.00 | 69 888.13 | 0.00 |
| GBP	HALMA ORD GBP0.10 | 10 871.00 | 296 138.11 | 0.01 |
| GBP	INFORMA PLC (GB) ORD GBP0.001 | 40 375.00 | 413 309.14 | 0.02 |
| GBP	ITV ORD GBP0.10 | 124 208.00 | 233 122.09 | 0.01 |
| GBP	JOHNSON MATTHEY ORD GBP1.109245 | 5 997.00 | 222 939.61 | 0.01 |
| GBP	KINGFISHER ORD GBP0.157142857 | 56 170.00 | 152 504.72 | 0.01 |
| GBP	LAND SECURITIES GP ORD GBP0.106666666 | 21 555.00 | 267 215.27 | 0.01 |
| GBP	LLOYDS BANKING GP ORD GBP0.1 | 2 164 291.00 | 1 711 900.62 | 0.07 |
| GBP	MARKS & SPENCER GP ORD GBP0.25 | 63 025.00 | 158 439.64 | 0.01 |
| GBP	MEGGITT ORD GBP0.05 | 19 913.00 | 165 620.50 | 0.01 |
| GBP	MELROSE INDUST PLC ORD GBP0.0685714 | 145 826.00 | 433 085.14 | 0.02 |
| GBP	NATIONAL GRID ORD GBP0.12431289 | 105 726.00 | 1 216 723.30 | 0.05 |
| GBP	OCADO GROUP PLC ORD GBP0.02 | 13 451.00 | 230 535.01 | 0.01 |
| GBP	RECKITT BENCK GRP ORD GBP0.10 | 21 479.00 | 1 685 322.03 | 0.07 |
| GBP	RELX PLC GBP0.1444 | 54 020.00 | 1 308 756.32 | 0.06 |
| EUR	RELX PLC GBP0.1444 | 5 137.00 | 124 495.96 | 0.01 |
| GBP	RENTOKIL INITIAL ORD GBP0.01 | 53 115.00 | 305 665.23 | 0.01 |
| GBP	ROLLS-ROYCE HLDGS ORD GBP0.20 | 53 657.00 | 493 888.32 | 0.02 |
| GBP	SAGE GROUP GBP0.01051948 | 33 348.00 | 325 156.43 | 0.01 |
| GBP	SEVERN TRENT ORD GBP0.9789 | 7 628.00 | 221 312.73 | 0.01 |
| GBP	SMITHS GROUP ORD GBP0.375 | 12 251.00 | 263 213.16 | 0.01 |
| GBP	SPIRAX-SARCO ENG ORD GBP0.269230769 | 2 146.00 | 247 744.70 | 0.01 |
| GBP	SSE PLC ORD GBP0.50 | 29 940.00 | 503 456.07 | 0.02 |
| GBP	ST JAMES’S PLACE ORD GBP0.15 | 16 726.00 | 235 497.86 | 0.01 |
| EUR	UNILEVER EUR0.16 | 52 067.00 | 3 088 608.19 | 0.13 |
| GBP	UNITED UTILITIES G ORD GBP0.05 | 21 066.00 | 232 541.86 | 0.01 |
| GBP	WEIR GROUP ORD GBP0.125 | 6 726.00 | 121 409.63 | 0.01 |
| GBP	WHITBREAD ORD GBP0.76797385 | 4 401.00 | 261 920.83 | 0.01 |
| GBP	WPP PLC ORD GBP0.10 | 40 117.00 | 519 172.86 | 0.02 |
| Total Grande-Bretagne |  | 25 712 637.18 | 1.10 |
| Total des Actions au porteur |  | 166 442 579.09 | 7.14 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD)
Rapport semestriel au 30 novembre 2019
| Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
| Bons de participation |  |  |  |
| Suisse |  |  |  |
| CHF	LINDT & SPRUENGLI PTG CERT CHF10 | 55.00 | 419 647.77 | 0.02 |
| CHF	SCHINDLER-HLDG AG PTG CERT CHF0.10(POST-SUBD) | 2 137.00 | 533 100.62 | 0.02 |
| Total Suisse |  | 952 748.39 | 0.04 |
| Total des Bons de participation |  | 952 748.39 | 0.04 |
| Autres actions |  |  |  |
| Suisse |  |  |  |
| CHF	ROCHE HLDGS AG GENUSSCHEINE NPV | 37 217.00 | 11 477 739.93 | 0.49 |
| Total Suisse |  | 11 477 739.93 | 0.49 |
| Total des Autres actions |  | 11 477 739.93 | 0.49 |
| Actions privilégiées |  |  |  |
| Allemagne |  |  |  |
| EUR	BAYERISCHE MOTORENWERKE AG EUR1 | 1 622.00 | 100 151.36 | 0.00 |
| EUR	FUCHS PETROLUB SE NON-VTG PRF NPV | 2 221.00 | 95 995.89 | 0.00 |
| EUR	HENKEL AG&CO. KGAA NON-VTG PRF NPV | 6 330.00 | 669 190.43 | 0.03 |
| EUR	PORSCHE AUTO HL SE NON VTG PRF NPV | 5 447.00 | 403 473.83 | 0.02 |
| EUR	SARTORIUS AG NON VTG PRF NPV | 1 189.00 | 250 792.65 | 0.01 |
| EUR	VOLKSWAGEN AG NON VTG PRF NPV | 6 558.00 | 1 268 869.70 | 0.06 |
| Total Allemagne |  | 2 788 473.86 | 0.12 |
| Total des Actions privilégiées |  | 2 788 473.86 | 0.12 |
| Actions nominatives |  |  |  |
| Australie |  |  |  |
| GBP	BHP GROUP PLC ORD USD0.50	64 319.00 | 1 422 662.31 | 0.06 |
| Total Australie | 1 422 662.31 | 0.06 |
| Belgique |  |  |  |  |
| EUR | AGEAS NPV | 6 545.00 | 393 155.84 | 0.02 |
| EUR | KBC GROUP NV NPV | 8 879.00 | 647 509.63 | 0.03 |
| EUR | TELENET GRP HLDG NPV | 1 723.00 | 77 814.98 | 0.00 |
| EUR | UCB NPV | 4 586.00 | 371 957.88 | 0.01 |
| Total Belgique	1 490 438.33	0.06 |
| Canada |  |  |  |  |
| CAD | 1ST QUANTUM MINLS COM NPV | 23 700.00 | 216 792.77 | 0.01 |
| CAD | AGNICO EAGLE MINES LTD COM | 7 787.00 | 462 676.48 | 0.02 |
| CAD | ALIMENTATION COUCHE TARD INC SUB VTG SH | 28 020.00 | 916 807.23 | 0.04 |
| CAD | BANK NOVA SCOTIA HALIFAX COM | 39 607.00 | 2 234 630.97 | 0.10 |
| CAD | BANK OF MONTREAL COM NPV | 20 835.00 | 1 603 428.35 | 0.07 |
| CAD | BARRICK GOLD CORP COM NPV | 56 514.00 | 943 708.28 | 0.04 |
| CAD | BCE INC COM NEW | 4 883.00 | 235 060.43 | 0.01 |
| CAD | BLACKBERRY LTD NPV | 15 010.00 | 82 833.28 | 0.00 |
| CAD | BROOKFIELD ASSET M LTD VTG SHS NPV CL’A’ | 28 794.00 | 1 665 965.67 | 0.07 |
| CAD | CAN PACIFIC RYS COM NPV | 4 526.00 | 1 071 894.46 | 0.05 |
| CAD | CANADIAN NAT RES LTD COM | 39 088.00 | 1 092 080.32 | 0.05 |
| CAD | CANADIAN NATL RY CO COM | 23 587.00 | 2 141 786.61 | 0.09 |
| CAD | CANADIAN TIRE LTD CL A | 2 167.00 | 252 486.29 | 0.01 |
| CAD | CCL INDUSTRIES INC ‘B’NON-VTG COM NPV | 5 100.00 | 218 129.87 | 0.01 |
| CAD | CDN IMPERIAL BK OF COMMERCE COM | 14 253.00 | 1 238 962.08 | 0.05 |
| CAD | CENOVUS ENERGY INC COM NPV | 34 826.00 | 307 816.48 | 0.01 |
| CAD | CGI INC COM NPV SUB VOTING SHARES C | 8 065.00 | 668 333.94 | 0.03 |
| CAD | CONSTELLATION SOFT COM STK NPV | 643.00 | 687 420.61 | 0.03 |
| CAD | CRONOS GROUP INC COM NPV | 5 200.00 | 35 351.78 | 0.00 |
| CAD | DOLLARAMA INC COM NPV | 10 046.00 | 367 502.45 | 0.02 |
| CAD | ENBRIDGE INC COM NPV | 66 226.00 | 2 507 937.36 | 0.11 |
| CAD | ENCANA CORP COM NPV | 50 707.00 | 198 895.89 | 0.01 |
| CAD | FAIRFAX FINL HLDGS LTD SUB VTG | 868.00 | 392 101.40 | 0.02 |
| CAD | FORTIS INC COM NPV | 13 007.00 | 509 606.08 | 0.02 |
| CAD | FRANCO NEVADA CORP COM NPV | 6 316.00 | 621 352.70 | 0.03 |
| CAD | GILDAN ACTIVEWEAR INC COM | 6 300.00 | 184 980.24 | 0.01 |
| CAD | GREAT WEST LIFECO INC COM | 10 026.00 | 252 489.89 | 0.01 |
| CAD | IA FINANCIAL CORP COM NPV | 4 200.00 | 215 019.76 | 0.01 |
| CAD | IMPERIAL OIL LTD COM NEW | 9 616.00 | 240 789.13 | 0.01 |
| CAD | INTACT FINL CORP COM NPV | 4 720.00 | 486 729.46 | 0.02 |
| CAD | INTER PIPELINE LTD COM NPV | 13 598.00 | 225 225.67 | 0.01 |
| CAD | LOBLAW COS LTD COM | 5 739.00 | 309 363.75 | 0.01 |
| CAD | MAGNA INTL INC COM NPV | 9 674.00 | 532 989.51 | 0.02 |
| CAD | MANULIFE FINL CORP COM | 63 935.00 | 1 257 761.38 | 0.05 |
| CAD | METRO INC CL A SUB | 8 386.00 | 367 323.53 | 0.02 |
| CAD | NATL BK OF CANADA COM NPV | 10 630.00 | 569 414.27 | 0.02 |
| CAD | NUTRIEN LTD NPV | 19 476.00 | 919 363.97 | 0.04 |
| CAD | OPEN TEXT CO COM NPV | 9 300.00 | 404 907.96 | 0.02 |
| CAD | PEMBINA PIPELINE C COM NPV | 16 798.00 | 586 554.67 | 0.02 |
| CAD | POWER CORP CDA COM | 10 045.00 | 243 817.65 | 0.01 |
| CAD | POWER FINANCIAL CORP COM | 7 963.00 | 194 721.05 | 0.01 |
| CAD | RESTAURANT BRANDS COM NPV | 7 500.00 | 492 772.44 | 0.02 |
| CAD | ROGERS COMMS INC CLASS’B’COM CAD1.62478 | 11 260.00 | 546 108.94 | 0.02 |
| CAD | ROYAL BK OF CANADA COM NPV | 46 572.00 | 3 812 364.81 | 0.16 |
| CAD | SAPUTO INC COM | 8 222.00 | 248 532.51 | 0.01 |
| CAD | SHAW COMMUNICATIONS INC CL B CONV | 16 077.00 | 332 251.95 | 0.01 |
| CAD | SHOPIFY INC COM NPV CL A | 3 264.00 | 1 094 634.90 | 0.05 |
| CAD | SUN LIFE FINL INC COM | 18 567.00 | 847 239.50 | 0.04 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Rapport semestriel au 30 novembre 2019
|  | Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Bénéfice/(perte) non | de |
|  |  |  | réalisé(e) sur futures/ | l’actif |
|  |  |  | contrats de | net |
|  |  |  | change à terme/ |  |
|  |  |  | swaps (note 1) |  |
|  |  |  |  |  |
| CAD | SUNCOR ENERGY INC COM NPV ‘NEW’ | 50 853.00 | 1 586 177.14 | 0.07 |
| CAD | TC ENERGY CORPORAT COM NPV | 30 249.00 | 1 530 384.19 | 0.06 |
| CAD | TECK RESOURCES LTD CLASS’B’SUB-VTG COM NPV | 15 232.00 | 238 528.59 | 0.01 |
| CAD | THOMSON-REUTERS CP COM NPV(POST REV SPLIT) | 6 300.00 | 440 537.55 | 0.02 |
| CAD | TORONTO-DOMINION COM NPV | 59 425.00 | 3 426 584.42 | 0.15 |
| CAD | WESTON GEORGE LTD COM | 2 357.00 | 191 718.64 | 0.01 |
| CAD | WHEATON PRECIOUS M COM NPV | 15 260.00 | 419 341.24 | 0.02 |
| Total Canada | 42 872 190.49 | 1.84 |
| Finlande |  |  |  |  |
| EUR | ELISA CORPORATION EUR0.50 | 5 160.00 | 275 993.57 | 0.01 |
| EUR | FORTUM OYJ EUR3.40 | 16 267.00 | 383 650.91 | 0.02 |
| EUR | NESTE OIL OYJ NPV | 15 279.00 | 516 854.47 | 0.02 |
| EUR | NOKIA OYJ NPV | 207 167.00 | 733 578.33 | 0.03 |
| EUR | NOKIAN RENKAAT OYJ NPV | 4 725.00 | 127 952.32 | 0.00 |
| EUR | ORION CORP SER’B’NPV | 3 599.00 | 156 746.17 | 0.01 |
| EUR | SAMPO OYJ SER’A’NPV | 16 061.00 | 649 915.11 | 0.03 |
| EUR | STORA ENSO OYJ NPV SER’R’ | 21 140.00 | 284 369.36 | 0.01 |
| EUR | UPM-KYMMENE CORP NPV | 18 916.00 | 632 377.62 | 0.03 |
| Total Finlande	3 761 437.86	0.16 |
| France |  |  |  |  |
| EUR | BOLLORE EUR0.16 (RFD 01/01/2020) | 195.00 | 819.18 | 0.00 |
| EUR | GECINA EUR7.50 | 1 420.00 | 245 500.50 | 0.01 |
| EUR | MICHELIN (CGDE) EUR2 | 6 361.00 | 763 785.24 | 0.03 |
| Total France |  | 1 010 104.92 | 0.04 |
| Allemagne |  |  |  |
| EUR	ADIDAS AG NPV (REGD) | 6 507.00 | 2 028 623.30 | 0.09 |
| EUR	ALLIANZ SE NPV(REGD)(VINKULIERT) | 15 157.00 | 3 632 376.72 | 0.16 |
| EUR	AXEL SPRINGER SE NPV (ASD 02/08/19 TRAVIATA) | 1 719.00 | 118 460.59 | 0.00 |
| EUR	BASF SE NPV | 32 872.00 | 2 472 611.20 | 0.11 |
| EUR	BAYER AG NPV (REGD) | 33 574.00 | 2 543 184.17 | 0.11 |
| EUR	BRENNTAG AG | 5 798.00 | 309 479.07 | 0.01 |
| EUR	DAIMLER AG ORD NPV(REGD) | 32 991.00 | 1 862 444.88 | 0.08 |
| EUR	DELIVERY HERO SE NPV | 4 177.00 | 221 066.89 | 0.01 |
| EUR	DEUTSCHE BANK AG NPV(REGD) | 70 032.00 | 505 309.90 | 0.02 |
| EUR	DEUTSCHE BOERSE AG NPV(REGD) | 6 756.00 | 1 037 296.31 | 0.04 |
| EUR	DEUTSCHE LUFTHANSA ORD NPV (REGD)(VINK) | 8 203.00 | 155 748.49 | 0.01 |
| EUR	DEUTSCHE POST AG NPV(REGD) | 36 251.00 | 1 352 596.73 | 0.06 |
| EUR	DEUTSCHE TELEKOM NPV(REGD) | 118 749.00 | 1 994 889.81 | 0.09 |
| EUR	E.ON SE NPV | 79 547.00 | 833 055.54 | 0.04 |
| EUR	EVONIK INDUSTRIES NPV | 7 121.00 | 206 811.53 | 0.01 |
| EUR	HANNOVER RUECKVERS ORD NPV(REGD) | 1 949.00 | 362 101.01 | 0.01 |
| EUR	INFINEON TECHNOLOG AG NPV (REGD) | 45 840.00 | 979 931.25 | 0.04 |
| EUR	MTU AERO ENGINES H NPV (REGD) | 1 855.00 | 502 944.93 | 0.02 |
| EUR	MUENCHENER RUECKVE NPV(REGD) | 5 236.00 | 1 504 499.46 | 0.06 |
| EUR	SIEMENS AG NPV(REGD) | 27 491.00 | 3 550 091.85 | 0.15 |
| EUR	SIEMENS HEALTHINEE NPV | 5 036.00 | 244 429.57 | 0.01 |
| EUR	TELEFONICA DEUTSCH NPV | 30 268.00 | 92 477.96 | 0.00 |
| GBP	TUI AG NPV (REGD) | 15 308.00 | 210 582.55 | 0.01 |
| EUR	UNIPER SE NPV | 6 473.00 | 209 117.90 | 0.01 |
| EUR	UNITED INTERNET AG NPV(REGD) | 4 232.00 | 143 485.75 | 0.01 |
| EUR	VONOVIA SE NPV | 18 004.00 | 938 763.74 | 0.04 |
| Total Allemagne |  | 28 012 381.10 | 1.20 |
| Irlande |  |  |  |
| EUR	CRH ORD EUR0.32 | 27 805.00 | 1 064 745.15 | 0.05 |
| GBP	EXPERIAN ORD USD0.10 | 27 750.00 | 919 979.24 | 0.04 |
| EUR	KINGSPAN GROUP ORD EUR0.13(DUBLIN LISTING) | 5 303.00 | 286 039.54 | 0.01 |
| EUR	SMURFIT KAPPA GRP ORD EUR0.001 | 7 220.00 | 256 336.86 | 0.01 |
| Total Irlande |  | 2 527 100.79 | 0.11 |
| Ile de Man |  |  |  |
| GBP	GVC HLDGS PLC ORD EUR0.01 | 19 602.00 | 215 924.77 | 0.01 |
| Total Ile de Man |  | 215 924.77 | 0.01 |
| Italie |  |  |  |
| EUR	ATLANTIA SPA EUR1 | 17 410.00 | 386 228.88 | 0.02 |
| EUR	DAVIDE DE CAMPARI EUR0.05 (POST SUBD) | 20 892.00 | 190 849.28 | 0.01 |
| EUR	ENEL EUR1 | 287 314.00 | 2 171 928.80 | 0.09 |
| EUR	ENI SPA EUR1 | 91 565.00 | 1 384 559.53 | 0.06 |
| EUR	FERRARI NV EUR0.01(NEW) | 4 320.00 | 730 679.79 | 0.03 |
| EUR	INTESA SANPAOLO NPV | 527 043.00 | 1 336 861.06 | 0.06 |
| EUR	MEDIOBANCA SPA EUR0.5 | 21 106.00 | 236 205.48 | 0.01 |
| EUR	MONCLER SPA NPV | 6 896.00 | 302 392.37 | 0.01 |
| EUR	PIRELLI & C SPA NPV | 11 220.00 | 63 711.53 | 0.00 |
| EUR	PRYSMIAN SPA EUR0.10 | 7 571.00 | 172 715.66 | 0.01 |
| EUR	RECORDATI EUR0.125 | 3 698.00 | 155 227.18 | 0.01 |
| EUR	SNAM EUR1 | 72 821.00 | 362 279.46 | 0.02 |
| EUR	TERNA SPA ORD EUR0.22 | 51 514.00 | 331 140.13 | 0.01 |
| EUR	UNICREDIT SPA NPV (POST REV SPLIT) | 73 068.00 | 1 012 054.73 | 0.04 |
| Total Italie |  | 8 836 833.88 | 0.38 |
| Japon |  |  |  |
| JPY	ABC-MART INC NPV | 400.00 | 26 627.71 | 0.00 |
| JPY	AEON CO LTD NPV | 11 800.00 | 240 611.81 | 0.01 |
| JPY	AEON MALL CO LTD NPV | 2 700.00 | 43 368.64 | 0.00 |
| JPY	AGC INC NPV | 3 600.00 | 131 330.47 | 0.01 |
| JPY	AJINOMOTO CO INC NPV | 9 400.00 | 156 566.52 | 0.01 |
| JPY	ALFRESA HOLDINGS NPV | 3 000.00 | 61 939.55 | 0.00 |
| JPY	ALPS ALPINE CO LTD NPV | 5 300.00 | 119 589.99 | 0.01 |
| JPY	ANA HOLDINGS INC NPV | 2 200.00 | 74 873.53 | 0.00 |
| JPY	ASAHI GROUP HLDGS NPV | 7 700.00 | 370 269.38 | 0.02 |
| JPY	ASAHI KASEI CORP NPV | 23 900.00 | 268 332.11 | 0.01 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD)
Rapport semestriel au 30 novembre 2019
|  | Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Bénéfice/(perte) non | de |
|  |  |  | réalisé(e) sur futures/ | l’actif |
|  |  |  | contrats de | net |
|  |  |  | change à terme/ |  |
|  |  |  | swaps (note 1) |  |
|  |  |  |  |  |
| JPY | ASTELLAS PHARMA NPV | 36 500.00 | 622 443.15 | 0.03 |
| JPY | BRIDGESTONE CORP NPV | 11 700.00 | 467 423.06 | 0.02 |
| JPY | BROTHER INDUSTRIES NPV | 3 600.00 | 71 335.95 | 0.00 |
| JPY | CANON INC NPV | 20 900.00 | 578 275.95 | 0.03 |
| JPY | CASIO COMPUTER CO NPV | 4 300.00 | 81 947.77 | 0.00 |
| JPY | CHUBU ELEC POWER NPV | 14 700.00 | 204 841.57 | 0.01 |
| JPY | CHUGOKU ELEC POWER NPV | 5 700.00 | 75 316.41 | 0.00 |
| JPY | DAI NIPPON PRINTNG NPV | 5 200.00 | 138 986.39 | 0.01 |
| JPY | DAIWA SECS GROUP NPV | 27 700.00 | 140 384.44 | 0.01 |
| JPY | DENSO CORP NPV | 9 100.00 | 406 180.25 | 0.02 |
| JPY | EAST JAPAN RAILWAY NPV | 6 400.00 | 588 512.46 | 0.03 |
| JPY | ELEC POWER DEV NPV | 2 600.00 | 62 323.08 | 0.00 |
| JPY | FAMILYMART CO LTD NPV | 4 300.00 | 101 462.88 | 0.00 |
| JPY | FUJI FILM HLD CORP NPV | 7 100.00 | 335 322.80 | 0.01 |
| JPY | FUJITSU NPV | 3 700.00 | 336 213.13 | 0.01 |
| JPY | HAKUHODO DY HLDGS NPV | 4 100.00 | 66 230.48 | 0.00 |
| JPY | HAMAMATSU PHOTONIC NPV | 2 300.00 | 93 146.74 | 0.00 |
| JPY | HINO MOTORS NPV | 4 800.00 | 46 943.66 | 0.00 |
| JPY | HITACHI CONST MACH NPV | 1 700.00 | 44 801.39 | 0.00 |
| JPY | HITACHI METALS NPV | 5 100.00 | 71 346.91 | 0.00 |
| JPY | HITACHI NPV | 18 900.00 | 742 124.00 | 0.03 |
| JPY | HONDA MOTOR CO NPV | 33 600.00 | 941 020.91 | 0.04 |
| JPY | HOYA CORP NPV | 7 500.00 | 684 184.09 | 0.03 |
| JPY | IIDA GROUP HOLDING NPV | 3 300.00 | 58 611.09 | 0.00 |
| JPY | INPEX CORPORATION NPV | 21 600.00 | 210 851.98 | 0.01 |
| JPY | ITOCHU CORP NPV | 26 300.00 | 573 503.79 | 0.03 |
| JPY | JAPAN AIRLINES CO NPV | 2 100.00 | 65 237.88 | 0.00 |
| JPY | JAPAN POST BANK CO NPV | 7 100.00 | 68 724.32 | 0.00 |
| JPY | JAPAN POST HOLD CO NPV | 28 600.00 | 268 737.10 | 0.01 |
| JPY | JAPAN PRIME REALTY INVESTMENT CORP | 15.00 | 68 281.44 | 0.00 |
| JPY | JAPAN RETAIL FUND INVESTMENT CORP | 46.00 | 104 719.20 | 0.01 |
| JPY | JAPAN TOBACCO INC NPV | 23 000.00 | 523 911.06 | 0.02 |
| JPY | JFE HOLDINGS INC NPV | 10 500.00 | 133 754.91 | 0.01 |
| JPY | JXTG HOLDINGS INC NPV | 68 700.00 | 305 263.63 | 0.01 |
| JPY | KDDI CORP NPV | 34 700.00 | 994 642.49 | 0.04 |
| JPY | KEYENCE CORP NPV | 3 600.00 | 1 230 791.70 | 0.05 |
| JPY | KONAMI HOLDINGS CORP NPV | 1 500.00 | 66 021.37 | 0.00 |
| JPY | KONICA MINOLTA INC NPV | 8 100.00 | 53 033.51 | 0.00 |
| JPY | KUBOTA CORP NPV | 21 700.00 | 334 585.42 | 0.01 |
| JPY | KYOCERA CORP NPV | 6 600.00 | 448 819.28 | 0.02 |
| JPY | KYOWA KIRIN CO LTD NPV | 4 500.00 | 95 457.04 | 0.00 |
| JPY | LAWSON INC NPV | 500.00 | 27 212.13 | 0.00 |
| JPY | LIXIL GROUP CORP COM NPV | 5 600.00 | 94 603.23 | 0.00 |
| JPY | MARUBENI CORP NPV | 29 500.00 | 217 714.36 | 0.01 |
| JPY | MAZDA MOTOR CORP NPV | 8 800.00 | 77 947.22 | 0.00 |
| JPY | MEDIPAL HOLDINGS CORP NPV | 3 400.00 | 72 899.28 | 0.00 |
| JPY | MERCARI INC NPV | 1 600.00 | 35 269.84 | 0.00 |
| JPY | MITSUBISHI CHEM HL NPV | 22 600.00 | 167 513.65 | 0.01 |
| JPY | MITSUBISHI CORP NPV | 26 600.00 | 696 151.95 | 0.03 |
| JPY | MITSUBISHI ELEC CP NPV | 35 200.00 | 485 844.21 | 0.02 |
| JPY | MITSUBISHI ESTATE NPV | 23 500.00 | 430 579.40 | 0.02 |
| JPY | MITSUBISHI HVY IND NPV | 6 700.00 | 256 228.65 | 0.01 |
| JPY | MITSUBISHI MATERLS NPV | 2 000.00 | 53 401.52 | 0.00 |
| JPY | MITSUBISHI TANABE PHARMA CORP NPV | 4 600.00 | 84 136.61 | 0.00 |
| JPY | MITSUBISHI UFJ FIN NPV | 241 300.00 | 1 273 815.44 | 0.06 |
| JPY | MITSUI & CO NPV | 32 600.00 | 577 369.19 | 0.03 |
| JPY | MITSUI O.S.K.LINES NPV | 1 900.00 | 49 794.54 | 0.00 |
| JPY | MIZUHO FINL GP NPV | 483 300.00 | 746 729.61 | 0.03 |
| JPY | MS&AD INSURANCE GROUP HOLDINGS INC NPV | 9 500.00 | 307 181.99 | 0.01 |
| JPY | MURATA MFG CO NPV | 11 100.00 | 643 031.68 | 0.03 |
| JPY | NEC CORP NPV | 5 200.00 | 207 743.58 | 0.01 |
| JPY | NEXON CO LTD NPV | 10 800.00 | 147 241.35 | 0.01 |
| JPY | NGK INSULATORS NPV | 4 200.00 | 69 226.55 | 0.00 |
| JPY | NGK SPARK PLUG CO NPV | 2 800.00 | 56 020.45 | 0.00 |
| JPY | NIKON CORP NPV | 5 500.00 | 75 385.81 | 0.00 |
| JPY | NINTENDO CO LTD NPV | 2 200.00 | 850 789.88 | 0.04 |
| JPY | NIPPON PROLOGIS RE REIT | 33.00 | 88 504.25 | 0.00 |
| JPY | NIPPON TEL&TEL CP NPV | 13 400.00 | 676 301.70 | 0.03 |
| JPY | NIPPON YUSEN KK NPV | 1 700.00 | 29 169.03 | 0.00 |
| JPY | NISSAN MOTOR CO NPV | 48 600.00 | 301 248.10 | 0.01 |
| JPY | NOMURA HOLDINGS NPV | 69 600.00 | 356 357.59 | 0.02 |
| JPY | NOMURA REAL EST MA REIT | 90.00 | 164 204.18 | 0.01 |
| JPY | NOMURA RESEARCH IN NPV | 6 000.00 | 126 508.99 | 0.01 |
| JPY | NTT DATA CORP NPV | 13 600.00 | 185 290.84 | 0.01 |
| JPY | NTT DOCOMO NPV | 26 300.00 | 721 202.63 | 0.03 |
| JPY | OMRON CORP NPV | 3 900.00 | 228 992.78 | 0.01 |
| JPY | ORIX CORP NPV | 25 400.00 | 415 756.55 | 0.02 |
| JPY | OSAKA GAS CO NPV | 7 100.00 | 133 039.90 | 0.01 |
| JPY | OTSUKA CORP NPV | 2 800.00 | 112 117.61 | 0.01 |
| JPY | OTSUKA HLDGS CO NPV | 8 300.00 | 361 831.79 | 0.02 |
| JPY | PANASONIC CORP NPV | 41 900.00 | 394 857.09 | 0.02 |
| JPY | PARK 24 CO LTD NPV | 1 700.00 | 41 060.18 | 0.00 |
| JPY | RENESAS ELECTRONIC NPV | 13 700.00 | 89 198.25 | 0.00 |
| JPY | RESONA HOLDINGS NPV | 39 200.00 | 166 128.39 | 0.01 |
| JPY | RICOH CO NPV | 13 400.00 | 137 903.39 | 0.01 |
| JPY | ROHM CO LTD NPV | 1 700.00 | 142 818.01 | 0.01 |
| JPY | SANTEN PHARM CO NPV | 8 600.00 | 160 989.86 | 0.01 |
| JPY | SEGA SAMMY HLDGS I NPV | 3 800.00 | 54 791.34 | 0.00 |
| JPY | SEIKO EPSON CORP NPV | 7 100.00 | 108 013.88 | 0.01 |
| JPY | SEKISUI CHEMICAL NPV | 7 700.00 | 133 946.67 | 0.01 |
| JPY | SEVEN & I HOLDINGS NPV | 14 700.00 | 547 407.54 | 0.02 |
| JPY | SG HOLDINGS CO LTD NPV | 1 500.00 | 35 969.32 | 0.00 |
| JPY | SHIMADZU CORP NPV | 4 000.00 | 120 354.30 | 0.01 |
| JPY | SHIMAMURA CO NPV | 400.00 | 32 070.13 | 0.00 |
| JPY | SOFTBANK CORP NPV | 34 800.00 | 472 219.89 | 0.02 |
| JPY | SOFTBANK GROUP CO NPV | 32 300.00 | 1 254 423.33 | 0.05 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Rapport semestriel au 30 novembre 2019
|  | Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Bénéfice/(perte) non | de |
|  |  |  | réalisé(e) sur futures/ | l’actif |
|  |  |  | contrats de | net |
|  |  |  | change à terme/ |  |
|  |  |  | swaps (note 1) |  |
|  |  |  |  |  |
| JPY | SOHGO SECURITY SER NPV | 1 100.00 | 57 154.60 | 0.00 |
| JPY | SOMPO HOLDINGS INC NPV | 7 200.00 | 283 765.86 | 0.01 |
| JPY | SONY CORP NPV | 24 700.00 | 1 557 198.42 | 0.07 |
| JPY | SUBARU CORPORATION NPV | 11 700.00 | 306 255.59 | 0.01 |
| JPY | SUMCO CORPORATION NPV | 3 600.00 | 55 589.45 | 0.00 |
| JPY | SUMITOMO CHEM CO NPV | 23 000.00 | 103 753.08 | 0.01 |
| JPY | SUMITOMO CORP NPV | 24 000.00 | 361 391.65 | 0.02 |
| JPY | SUMITOMO DAINIPPON PHARMA CO LTD | 2 700.00 | 50 962.47 | 0.00 |
| JPY | SUMITOMO ELECTRIC NPV | 16 800.00 | 250 673.00 | 0.01 |
| JPY | SUMITOMO MITSUI FG NPV | 26 400.00 | 961 643.68 | 0.04 |
| JPY | SUMITOMO MITSUI TR NPV | 6 000.00 | 229 403.71 | 0.01 |
| JPY | SUMITOMO RLTY&DEV NPV | 6 700.00 | 233 346.72 | 0.01 |
| JPY | TAKEDA PHARMACEUTI NPV | 29 249.00 | 1 189 884.89 | 0.05 |
| JPY | TDK CORP NPV | 2 400.00 | 252 250.93 | 0.01 |
| JPY | TOKIO MARINE HLDG NPV | 12 600.00 | 684 825.13 | 0.03 |
| JPY | TOKYO ELEC POWER H NPV | 30 000.00 | 131 494.84 | 0.01 |
| JPY | TOKYO ELECTRON NPV | 3 100.00 | 639 758.92 | 0.03 |
| JPY | TOKYU FUDOSAN HLDG NPV | 10 300.00 | 70 635.56 | 0.00 |
| JPY | TOPPAN PRINTING CO NPV | 5 200.00 | 103 373.21 | 0.01 |
| JPY | TOSHIBA CORP NPV | 10 500.00 | 376 814.90 | 0.02 |
| JPY | TOYO SEIKAN GROUP NPV | 3 400.00 | 59 207.38 | 0.00 |
| JPY | TOYOTA MOTOR CORP NPV | 44 900.00 | 3 131 642.75 | 0.13 |
| JPY | TREND MICRO INC NPV | 2 700.00 | 145 712.72 | 0.01 |
| JPY | UNICHARM CORP NPV | 7 500.00 | 245 525.52 | 0.01 |
| JPY | UNITED URBAN INVESTMENT CORP | 54.00 | 105 031.50 | 0.01 |
| JPY | WEST JAPAN RAILWAY NPV | 3 500.00 | 308 003.83 | 0.01 |
| JPY | YAMADA DENKI CO NPV | 10 000.00 | 49 858.46 | 0.00 |
| JPY | YAMAHA MOTOR CO NPV | 6 900.00 | 144 099.17 | 0.01 |
| JPY | YAMAZAKI BAKING CO NPV | 3 200.00 | 58 646.70 | 0.00 |
| JPY | YASKAWA ELEC CORP NPV | 5 200.00 | 190 886.68 | 0.01 |
| JPY | YOKOGAWA ELECTRIC NPV | 3 800.00 | 69 504.15 | 0.00 |
| JPY | YOKOHAMA RUBBER CO NPV | 3 000.00 | 61 775.18 | 0.00 |
| JPY | Z HOLDINGS CORP NPV | 48 300.00 | 166 277.96 | 0.01 |
| Total Japon |  | 42 132 082.63 | 1.81 |
| Luxembourg |  |  |  |
| EUR	ARCELORMITTAL NPV(POST STOCK SPLIT) | 25 530.00 | 437 103.54 | 0.02 |
| EUR	TENARIS S.A. USD1 | 16 933.00 | 180 205.99 | 0.01 |
| Total Luxembourg |  | 617 309.53 | 0.03 |
| Pays-Bas |  |  |  |
| EUR	ADYEN NV EUR0.01 | 371.00 | 284 790.77 | 0.01 |
| EUR	AEGON NV EUR0.12 | 70 006.00 | 315 855.81 | 0.01 |
| EUR	ASML HOLDING NV EUR0.09 | 15 126.00 | 4 119 448.12 | 0.18 |
| EUR	CNH INDUSTRIAL NV COM EUR0.01 | 36 639.00 | 392 993.31 | 0.02 |
| EUR	FIAT CHRYSLER AUTO EUR0.01 | 37 896.00 | 560 743.02 | 0.02 |
| EUR	KONINKLIJKE DSM NV EUR1.5 | 6 663.00 | 854 412.35 | 0.04 |
| EUR	NN GROUP N.V. EUR0.12 | 11 568.00 | 444 379.91 | 0.02 |
| EUR	PROSUS N.V. EUR0.05 | 17 620.00 | 1 201 998.73 | 0.05 |
| GBP	ROYAL DUTCH SHELL PLC ‘A’SHS EUR0.07 | 131 707.00 | 3 766 726.03 | 0.16 |
| Total Pays-Bas |  | 11 941 348.05 | 0.51 |
| Portugal |  |  |  |
| EUR	EDP ENERGIAS PORTU EUR1(REGD) | 93 687.00 | 379 108.38 | 0.02 |
| EUR	GALP ENERGIA EUR1-B | 17 150.00 | 279 389.20 | 0.01 |
| EUR	JERONIMO MARTINS EUR5 | 10 013.00 | 160 029.64 | 0.01 |
| Total Portugal |  | 818 527.22 | 0.04 |
| Afrique du Sud |  |  |  |
| GBP	MONDI ORD EUR0.20 | 15 267.00 | 330 875.48 | 0.01 |
| Total Afrique du Sud |  | 330 875.48 | 0.01 |
| Espagne |  |  |  |
| EUR	BANCO SANTANDER SA EUR0.50(REGD) | 599 427.00 | 2 337 703.08 | 0.10 |
| EUR	BANKINTER SA EUR0.3(REGD) | 22 667.00 | 158 653.25 | 0.01 |
| EUR	BBVA(BILB-VIZ-ARG) EUR0.49 | 234 666.00 | 1 237 178.37 | 0.05 |
| EUR	MAPFRE SA EUR0.10 | 39 599.00 | 111 730.69 | 0.01 |
| Total Espagne |  | 3 845 265.39 | 0.17 |
| Suisse |  |  |  |
| CHF	ABB LTD CHF0.12 (REGD) | 97 099.00 | 2 124 936.34 | 0.09 |
| CHF	ADECCO GROUP AG CHF0.1 (REGD) | 8 390.00 | 519 007.15 | 0.02 |
| CHF	ALCON AG CHF0.04 | 22 049.00 | 1 218 117.07 | 0.05 |
| CHF	BALOISE-HLDGS CHF0.1(REGD) | 2 538.00 | 441 391.30 | 0.02 |
| CHF	BARRY CALLEBAUT AG CHF0.02 (REGD) | 119.00 | 239 345.57 | 0.01 |
| CHF	CLARIANT CHF4.00(REGD) | 10 325.00 | 213 453.24 | 0.01 |
| GBP	COCA-COLA HBC AG ORD CHF6.70 | 6 405.00 | 213 666.73 | 0.01 |
| CHF	CREDIT SUISSE GRP CHF0.04(REGD) | 135 411.00 | 1 775 715.37 | 0.08 |
| CHF	DUFRY AG CHF5 (REGD) | 2 119.00 | 206 906.51 | 0.01 |
| CHF	EMS-CHEMIE HLDG AG CHF0.01(REGD)(POST RECON) | 445.00 | 276 302.10 | 0.01 |
| CHF	GEBERIT CHF0.10(REGD) | 1 969.00 | 1 057 646.67 | 0.05 |
| CHF	GIVAUDAN AG CHF10 | 485.00 | 1 426 342.12 | 0.06 |
| CHF	JULIUS BAER GRUPPE CHF0.02 (REGD) | 11 676.00 | 550 063.62 | 0.02 |
| CHF	KUEHNE&NAGEL INTL CHF1(REGD)(POST-SUBD) | 2 780.00 | 452 322.01 | 0.02 |
| CHF	LAFARGEHOLCIM LTD CHF2 (REGD) | 25 427.00 | 1 311 868.83 | 0.06 |
| CHF	LINDT & SPRUENGLI CHF100(REGD) | 6.00 | 512 132.89 | 0.02 |
| CHF	LONZA GROUP AG CHF1(REGD) | 3 927.00 | 1 334 476.61 | 0.06 |
| CHF	NESTLE SA CHF0.10(REGD) | 159 932.00 | 16 630 943.55 | 0.71 |
| CHF	NOVARTIS AG CHF0.50(REGD) | 113 722.00 | 10 476 056.76 | 0.45 |
| CHF	PARTNERS GROUP HLG CHF0.01 (REGD) | 964.00 | 813 373.49 | 0.03 |
| CHF	RICHEMONT(CIE FIN) CHF1.00 (REG) SER ‘A’ | 27 469.00 | 2 093 399.75 | 0.09 |
| CHF	SCHINDLER-HLDG AG CHF0.1(REGD)(POST-SUBD) | 1 056.00 | 252 759.49 | 0.01 |
| CHF	SGS LTD CHF1(REGD) | 282.00 | 734 241.26 | 0.03 |
| CHF	SIKA AG CHF0.01 (REG) | 6 682.00 | 1 163 758.54 | 0.05 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD)
Rapport semestriel au 30 novembre 2019
|  | Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Bénéfice/(perte) non | de |
|  |  |  | réalisé(e) sur futures/ | l’actif |
|  |  |  | contrats de | net |
|  |  |  | change à terme/ |  |
|  |  |  | swaps (note 1) |  |
|  |  |  |  |  |
| CHF | SONOVA HOLDING AG CHF0.05 (REGD) | 2 942.00 | 672 095.46 | 0.03 |
| CHF | STRAUMANN HLDG CHF0.1(REGD) | 535.00 | 515 004.75 | 0.02 |
| CHF | SWATCH GROUP CHF0.45(REGD) | 2 713.00 | 144 696.95 | 0.01 |
| CHF | SWISS LIFE HLDG CHF5.1(REGD) | 1 792.00 | 889 051.48 | 0.04 |
| CHF | SWISS PRIME SITE CHF15.3 (REGD) | 4 140.00 | 437 468.35 | 0.02 |
| CHF | SWISSCOM AG CHF1(REGD) | 1 347.00 | 697 660.68 | 0.03 |
| CHF | TEMENOS AG CHF5 (REGD) | 3 406.00 | 517 026.27 | 0.02 |
| CHF | UBS GROUP CHF0.10 (REGD) | 202 742.00 | 2 458 831.28 | 0.11 |
| CHF | ZURICH INSURANCE GRP CHF0.10 | 8 001.00 | 3 140 833.84 | 0.13 |
| Total Suisse |  | 55 510 896.03 | 2.38 |
| Emirats arabes unis |  |  |  |
| GBP	NMC HEALTH PLC ORD GBP0.1 | 3 082.00 | 100 022.97 | 0.00 |
| Total Emirats arabes unis |  | 100 022.97 | 0.00 |
| Grande-Bretagne |  |  |  |
| GBP	ADMIRAL GROUP ORD GBP0.001 | 4 898.00 | 135 581.05 | 0.01 |
| GBP	ANGLO AMERICAN USD0.54945 | 32 395.00 | 849 162.93 | 0.04 |
| GBP	ANTOFAGASTA ORD GBP0.05 | 10 546.00 | 118 406.06 | 0.00 |
| GBP	ASHTEAD GROUP ORD GBP0.10 | 14 188.00 | 431 276.18 | 0.02 |
| GBP	ASSOCD BRIT FOODS ORD GBP0.0568 | 10 551.00 | 350 609.89 | 0.01 |
| GBP	AUTO TRADER GROUP ORD GBP0.01 | 30 420.00 | 221 137.28 | 0.01 |
| GBP	BARCLAYS ORD GBP0.25 | 527 874.00 | 1 171 283.73 | 0.05 |
| GBP	BERKELEY GP HLDGS ORD GBP0.05 | 4 010.00 | 237 872.84 | 0.01 |
| GBP	BP ORD USD0.25 | 616 193.00 | 3 827 413.20 | 0.16 |
| GBP	BURBERRY GROUP ORD GBP0.0005 | 12 468.00 | 339 319.61 | 0.01 |
| GBP	CARNIVAL PLC ORD USD1.66 | 4 473.00 | 188 212.90 | 0.01 |
| GBP	CENTRICA ORD GBP0.061728395 | 182 116.00 | 188 971.89 | 0.01 |
| GBP	COMPASS GROUP ORD GBP0.1105 | 48 276.00 | 1 183 020.64 | 0.05 |
| GBP	CRODA INTL ORD GBP0.10609756 | 4 027.00 | 259 404.44 | 0.01 |
| GBP	DIAGEO ORD GBP0.28 101/108 | 71 875.00 | 2 942 510.39 | 0.13 |
| GBP	DIRECT LINE INSURA ORD GBP 0.109090909 | 35 965.00 | 142 074.30 | 0.01 |
| GBP	EASYJET ORD GBP0.27285714 | 4 582.00 | 79 300.81 | 0.00 |
| GBP	FERGUSON PLC (NEW) ORD GBP0.10 | 6 689.00 | 581 602.33 | 0.02 |
| GBP	G4S ORD GBP0.25 | 43 137.00 | 116 673.01 | 0.00 |
| GBP	GLAXOSMITHKLINE ORD GBP0.25 | 151 436.00 | 3 435 778.45 | 0.15 |
| GBP	HARGREAVES LANSDOW ORD GBP0.004 (WI) | 9 273.00 | 222 500.30 | 0.01 |
| GBP	HSBC HLDGS ORD USD0.50(UK REG) | 613 676.00 | 4 574 611.23 | 0.20 |
| GBP	IMPERIAL BRANDS PL GBP0.10 | 29 130.00 | 641 759.88 | 0.03 |
| GBP	INTERCONTL HOTELS ORD GBP0.208521303 | 5 090.00 | 329 656.62 | 0.01 |
| GBP	INTERTEK GROUP ORD GBP0.01 | 4 832.00 | 344 760.59 | 0.01 |
| GBP	LEGAL & GENERAL GP ORD GBP0.025 | 183 447.00 | 666 543.94 | 0.03 |
| GBP	LONDON STOCK EXCH ORD GBP0.06918604 | 9 715.00 | 863 559.74 | 0.04 |
| GBP	M&G PLC ORD GBP0.05 | 77 152.00 | 235 518.82 | 0.01 |
| GBP	MICRO FOCUS INTL ORD GBP0.10 | 10 149.00 | 148 710.94 | 0.01 |
| GBP	MORRISON(W)SUPRMKT ORD GBP0.10 | 57 051.00 | 146 336.41 | 0.01 |
| GBP	NEXT ORD GBP0.10 | 4 198.00 | 366 967.04 | 0.02 |
| GBP	PEARSON ORD GBP0.25 | 23 700.00 | 198 221.37 | 0.01 |
| GBP	PERSIMMON ORD GBP0.10 | 9 697.00 | 320 851.72 | 0.01 |
| GBP	PRUDENTIAL ORD GBP0.05 | 77 152.00 | 1 373 693.48 | 0.06 |
| GBP	RIO TINTO ORD GBP0.10 | 34 196.00 | 1 858 429.58 | 0.08 |
| GBP	ROYAL BK SCOT GRP ORD GBP1 (POST CONS) | 139 009.00 | 406 726.02 | 0.02 |
| GBP	RSA INSURANCE GRP ORD GBP1.00 | 31 290.00 | 223 171.51 | 0.01 |
| GBP	SAINSBURY(J) ORD GBP0.28571428 | 61 156.00 | 169 522.63 | 0.01 |
| GBP	SCHRODERS VTG SHS GBP1 | 4 128.00 | 176 152.35 | 0.01 |
| GBP	SMITH & NEPHEW ORD USD0.20 | 25 330.00 | 567 150.99 | 0.02 |
| GBP	STANDARD CHARTERED ORD USD0.50 | 86 255.00 | 778 095.06 | 0.03 |
| GBP	STD LIFE ABERDEEN ORD GBP0.1396825396 | 72 388.00 | 296 725.76 | 0.01 |
| GBP	TAYLOR WIMPEY ORD GBP0.01 | 100 039.00 | 225 480.28 | 0.01 |
| GBP	TESCO ORD GBP0.05 | 297 694.00 | 883 344.14 | 0.04 |
| GBP	UNILEVER PLC ORD GBP0.031111 | 33 536.00 | 1 985 882.20 | 0.08 |
| GBP	VODAFONE GROUP ORD USD0.2095238(POST CONS) | 811 310.00 | 1 609 405.06 | 0.07 |
| Total Grande-Bretagne |  | 36 413 389.59 | 1.56 |
| Etats-Unis |  |  |  |
| CAD	BAUSCH HEALTH COMP COM NPV | 10 500.00 | 296 600.79 | 0.01 |
| Total Etats-Unis |  | 296 600.79 | 0.01 |
| Total des Actions nominatives |  | 242 155 392.13 | 10.38 |
| Depository Receipts |  |  |  |
| Luxembourg |  |  |  |
| EUR	SES S.A. FDR EACH REP 1 ‘A’ NPV | 12 841.00 | 170 538.98 | 0.01 |
| Total Luxembourg |  | 170 538.98 | 0.01 |
| Pays-Bas |  |  |  |
| EUR	ABN AMRO BANK N.V. DR EACH REP SHS | 15 860.00 | 270 877.29 | 0.01 |
| Total Pays-Bas |  | 270 877.29 | 0.01 |
| Total des Depository Receipts |  | 441 416.27 | 0.02 |
| Certificats sur fonds de placement |  |  |  |
| Irlande |  |  |  |
| USD	STAR COMPASS PLC/UBS DYNMC DIVERSIFIED LTD NOTE DUE 31.03.21	49 150 000.00 | 69 768 425.00 | 2.99 |
| Total Irlande | 69 768 425.00 | 2.99 |
| Total des Certificats sur fonds de placement | 69 768 425.00 | 2.99 |

Fonds d’investissement, fermé
| Canada |  |
| --- | --- |
| CAD | RIOCAN REAL ESTATE INVESTMENT TRUST | 5 615.00 | 114 730.74 | 0.00 |
| Total Canada | 114 730.74 | 0.00 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Rapport semestriel au 30 novembre 2019
| Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
| Grande-Bretagne |  |  |  |
| GBP	SEGRO PLC REIT | 32 566.00 | 376 589.64 | 0.02 |
| Total Grande-Bretagne |  | 376 589.64 | 0.02 |
| Total des Fonds d’investissement, fermé |  | 491 320.38 | 0.02 |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	3M CO 2.25000% 16-19.09.26 | 1 500 000.00 | 1 507 919.10 | 0.06 |
| USD	ABU DHABI,GOVERNMENT OF-REG-S 3.12500% 17-11.10.27 | 5 675 000.00 | 5 937 468.75 | 0.25 |
| USD	ALBERTA, PROVINCE OF 3.30000% 18-15.03.28 | 3 600 000.00 | 3 933 376.20 | 0.17 |
| USD	ALPHABET INC 1.99800% 16-15.08.26 | 4 075 000.00 | 4 062 927.12 | 0.17 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 3 100 000.00 | 3 219 853.75 | 0.14 |
| USD	APPLE INC 2.00000% 15-06.05.20 | 5 025 000.00 | 5 028 299.91 | 0.22 |
| USD	APPLE INC 2.40000% 13-03.05.23 | 5 700 000.00 | 5 786 928.42 | 0.25 |
| USD	APPLE INC 2.45000% 16-04.08.26 | 2 500 000.00 | 2 538 762.00 | 0.11 |
| USD	APPLE INC 2.85000% 16-23.02.23 | 5 150 000.00 | 5 286 723.23 | 0.23 |
| USD	APPLE INC 3.20000% 17-11.05.27 | 3 290 000.00 | 3 490 337.97 | 0.15 |
| USD	APPLE INC 3.25000% 16-23.02.26 | 9 400 000.00 | 9 978 372.60 | 0.43 |
| USD	ASIAN DEVELOPMENT BANK 2.62500% 19-30.01.24 | 2 800 000.00 | 2 902 884.88 | 0.12 |
| USD	BANK OF NOVA SCOTIA 2.00000% 19-15.11.22 | 1 260 000.00 | 1 258 346.48 | 0.05 |
| USD	BAYER US FINANCE II LLC-REG-S 3.87500% 18-15.12.23 | 2 100 000.00 | 2 203 341.63 | 0.09 |
| USD	BERKSHIRE HATHAWAY INC 2.20000% 16-15.03.21 | 2 075 000.00 | 2 085 458.00 | 0.09 |
| USD	BERKSHIRE HATHAWAY INC 3.12500% 16-15.03.26 | 2 100 000.00 | 2 212 498.47 | 0.09 |
| USD	BRITISH COLUMBIA, PROVINCE OF 1.75000% 19-27.09.24 | 1 000 000.00 | 998 747.00 | 0.04 |
| USD	CHEVRON CORP 2.41900% 15-17.11.20 | 2 300 000.00 | 2 312 895.41 | 0.10 |
| USD	CHEVRON CORP 3.19100% 13-24.06.23 | 6 825 000.00 | 7 106 339.47 | 0.30 |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 3.90000% 18-16.03.28 | 1 600 000.00 | 1 769 296.00 | 0.08 |
| USD	CORPORACION ANDINA DE FOMENTO 4.37500% 12-15.06.22 | 2 800 000.00 | 2 936 668.00 | 0.13 |
| USD	COUNCIL OF EUROPE DEVELOPMENT BANK 1.62500% 16-16.03.21 | 1 000 000.00 | 997 436.36 | 0.04 |
| USD	DEXIA CREDIT LOCAL SA-REG-S 2.50000% 18-25.01.21 | 1 050 000.00 | 1 056 870.78 | 0.05 |
| USD	EQUINOR ASA 3.62500% 18-10.09.28 | 4 000 000.00 | 4 405 865.60 | 0.19 |
| USD	EUROPEAN INVESTMENT BANK 2.00000% 16-15.03.21 | 2 500 000.00 | 2 508 177.00 | 0.11 |
| USD	EUROPEAN INVESTMENT BANK 1.25000% 16-16.12.19 | 2 475 000.00 | 2 474 430.75 | 0.11 |
| USD	EUROPEAN INVESTMENT BANK 2.37500% 17-24.05.27 | 4 000 000.00 | 4 161 079.60 | 0.18 |
| USD	EXPORT DEVELOPMENT CANADA 2.00000% 17-17.05.22 | 1 000 000.00 | 1 008 132.51 | 0.04 |
| USD	EXPORT-IMPORT BANK OF KOREA 2.50000% 15-10.05.21 | 3 200 000.00 | 3 217 000.00 | 0.14 |
| USD	EXPORT-IMPORT BANK OF KOREA 3.25000% 15-10.11.25 | 3 400 000.00 | 3 593 375.00 | 0.15 |
| USD	EXPORT-IMPORT BANK OF KOREA 2.75000% 17-25.01.22 | 2 975 000.00 | 3 020 554.69 | 0.13 |
| USD	EXXON MOBIL CORP 3.04300% 16-01.03.26 | 6 725 000.00 | 7 081 882.97 | 0.30 |
| USD	HSBC BANK PLC-REG-S 4.12500% 10-12.08.20 | 625 000.00 | 634 207.69 | 0.03 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.37500% 17-07.07.27 | 1 900 000.00 | 1 971 916.14 | 0.08 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.25000% 19-18.06.29 | 3 375 000.00 | 3 488 071.61 | 0.15 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.00000% 19-23.07.26 | 2 800 000.00 | 2 839 854.92 | 0.12 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 2.85000% 19-13.05.22 | 2 000 000.00 | 2 038 253.40 | 0.09 |
| USD	INTL BK FOR RECONS & DEV WORLD BK 1.75000% 19-23.10.29 | 1 600 000.00 | 1 584 643.98 | 0.07 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 2.12500% 17-13.12.21 | 2 700 000.00 | 2 723 697.09 | 0.12 |
| USD	JOHNSON & JOHNSON 2.45000% 16-01.03.26 | 4 425 000.00 | 4 508 284.26 | 0.19 |
| USD	JOHNSON & JOHNSON 2.90000% 17-15.01.28 | 1 000 000.00 | 1 050 719.70 | 0.05 |
| USD	JOHNSON & JOHNSON 3.37500% 13-05.12.23 | 1 400 000.00 | 1 486 079.98 | 0.06 |
| USD	KOREA DEVELOPMENT BANK 2.75000% 17-19.03.23 | 1 950 000.00 | 1 986 562.50 | 0.09 |
| USD	KOREA EAST-WEST POWER CO LTD-REG-S 3.87500% 18-19.07.23 | 2 030 000.00 | 2 139 746.88 | 0.09 |
| USD	KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 3.00000% 12-19.09.22 | 800 000.00 | 817 000.00 | 0.03 |
| USD	KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 3.12500% 17-25.07.27 | 3 450 000.00 | 3 590 156.25 | 0.15 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.12500% 13-17.01.23 | 4 275 000.00 | 4 333 926.17 | 0.19 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.00000% 15-02.05.25 | 6 150 000.00 | 6 241 497.85 | 0.27 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 1.62500% 16-15.03.21 | 3 000 000.00 | 2 996 729.01 | 0.13 |
| USD	KUWAIT INTERNATIONAL GOVT BOND-REG-S 3.50000% 17-20.03.27 | 6 000 000.00 | 6 436 875.00 | 0.28 |
| USD	LANDWIRTSCHAFTLICHE RENTENBANK 2.00000% 15-13.01.25 | 3 875 000.00 | 3 925 237.44 | 0.17 |
| USD	MANITOBA, PROVINCE OF 2.12500% 17-04.05.22 | 4 925 000.00 | 4 962 664.92 | 0.21 |
| USD	MICROSOFT CORP 2.65000% 15-03.11.22 | 4 700 000.00 | 4 813 654.46 | 0.21 |
| USD	MICROSOFT CORP 2.87500% 17-06.02.24 | 7 000 000.00 | 7 267 446.90 | 0.31 |
| USD	MICROSOFT CORP 3.30000% 17-06.02.27 | 7 250 000.00 | 7 807 063.17 | 0.33 |
| USD	NATIONAL AUSTRALIA BANK LTD/NY 2.50000% 16-12.07.26 | 3 200 000.00 | 3 209 088.00 | 0.14 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 3.00000% 18-10.01.28 | 1 700 000.00 | 1 773 145.39 | 0.08 |
| USD	NORDEA BANK AB-REG-S 4.87500% 10-27.01.20 | 1 400 000.00 | 1 406 109.60 | 0.06 |
| USD	NORDIC INVESTMENT BANK 2.25000% 14-30.09.21 | 800 000.00 | 806 140.32 | 0.03 |
| USD	NOVARTIS CAPITAL CORP 2.40000% 12-21.09.22 | 3 450 000.00 | 3 503 247.99 | 0.15 |
| USD	NOVARTIS CAPITAL CORP 3.10000% 17-17.05.27 | 2 310 000.00 | 2 443 098.73 | 0.10 |
| USD	QATAR, STATE OF-REG-S 2.37500% 16-02.06.21 | 6 450 000.00 | 6 474 187.50 | 0.28 |
| USD	QATAR, STATE OF-REG-S 3.37500% 19-14.03.24 | 1 400 000.00 | 1 463 437.50 | 0.06 |
| USD	QUEBEC, PROVINCE OF 2.50000% 16-20.04.26 | 5 450 000.00 | 5 623 310.55 | 0.24 |
| USD	ROCHE HOLDINGS INC-REG-S 3.00000% 15-10.11.25 | 3 675 000.00 | 3 868 185.93 | 0.17 |
| USD	ROCHE HOLDINGS INC-REG-S 3.62500% 18-17.09.28 | 3 000 000.00 | 3 331 891.50 | 0.14 |
| USD	SHELL INTERNATIONAL FINANCE BV 2.25000% 12-06.01.23 | 1 850 000.00 | 1 862 776.28 | 0.08 |
| USD	SHELL INTERNATIONAL FINANCE BV 1.87500% 16-10.05.21 | 900 000.00 | 900 438.48 | 0.04 |
| USD	SHELL INTERNATIONAL FINANCE BV 2.87500% 16-10.05.26 | 4 400 000.00 | 4 558 570.28 | 0.20 |
| USD	SINOPEC GROUP OVERSEAS DEV 2013-REG-S 4.37500% 13-17.10.23 | 1 275 000.00 | 1 360 195.50 | 0.06 |
| USD	TOTAL CAPITAL INTERNATIONAL SA 3.70000% 13-15.01.24 | 1 500 000.00 | 1 594 359.60 | 0.07 |
| USD	WALMART INC 2.55000% 13-11.04.23 | 2 925 000.00 | 2 983 988.18 | 0.13 |
| USD	WALMART INC 3.70000% 18-26.06.28 | 6 000 000.00 | 6 633 853.20 | 0.28 |
| USD	WELLS FARGO CO 3.50000% 12-08.03.22 | 1 300 000.00 | 1 340 233.70 | 0.06 |
| USD	WESTPAC BANKING CORP 2.85000% 16-13.05.26 | 6 755 000.00 | 6 899 692.10 | 0.30 |
| USD	WESTPAC BANKING CORP 3.35000% 17-08.03.27 | 1 200 000.00 | 1 265 460.00 | 0.05 |
| Total USD |  | 253 027 949.30 | 10.85 |
| Total des Billets, taux fixe |  | 253 027 949.30 | 10.85 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD)
Rapport semestriel au 30 novembre 2019
| Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
| Medium-Term Notes, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AFRICAN DEVELOPMENT BANK 2.37500% 14-23.09.21 | 2 150 000.00 | 2 175 435.79 | 0.09 |
| USD	ASB FINANCE LTD-REG-S 2.12500% 16-01.09.21 | 2 000 000.00 | 1 999 800.00 | 0.09 |
| USD	ASIAN DEVELOPMENT BANK 2.62500% 17-12.01.27 | 3 250 000.00 | 3 425 598.80 | 0.15 |
| USD	ASIAN DEVELOPMENT BANK 2.00000% 17-16.02.22 | 1 900 000.00 | 1 913 262.00 | 0.08 |
| USD	ASIAN DEVELOPMENT BANK 2.50000% 17-02.11.27 | 4 000 000.00 | 4 191 630.00 | 0.18 |
| USD	AUSTRALIA & NZ BANKING GRP-REG-S 5.10000% 10-13.01.20 | 1 125 000.00 | 1 128 838.50 | 0.05 |
| USD	BANK OF AMERICA CORP 3.24800% 16-21.10.27 | 2 950 000.00 | 3 075 611.00 | 0.13 |
| USD	BANK OF MONTREAL 1.90000% 16-27.08.21 | 1 300 000.00 | 1 298 947.63 | 0.06 |
| USD	BELGIUM, KINGDOM OF-REG-S 1.62500% 17-15.01.20 | 1 450 000.00 | 1 449 521.50 | 0.06 |
| USD	CAISSE D’AMOR DE LA DETTE SOCIALE-REG-S 3.37500% 14-20.03.24 | 1 750 000.00 | 1 863 379.00 | 0.08 |
| USD	CLIFFORD CAPITAL PTE LTD-REG-S 1.73300% 19-10.09.24 | 2 200 000.00 | 2 173 754.00 | 0.09 |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 3.15000% 17-19.09.27 | 725 000.00 | 759 568.00 | 0.03 |
| USD	CPPIB CAPITAL INC-REG-S 2.75000% 17-02.11.27 | 3 025 000.00 | 3 189 966.86 | 0.14 |
| USD	FINNVERA OYJ-REG-S 1.87500% 17-05.10.20 | 1 000 000.00 | 1 000 150.00 | 0.04 |
| USD	IDB TRUST SERVICES LTD-REG-S 2.26100% 17-26.09.22 | 3 150 000.00 | 3 156 300.00 | 0.14 |
| USD	INTERNATIONAL FINANCE CORP 2.12500% 16-07.04.26 | 1 700 000.00 | 1 733 126.03 | 0.07 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 17-22.11.27 | 6 200 000.00 | 6 511 667.18 | 0.28 |
| USD	JAPAN TOBACCO INC-REG-S 2.80000% 16-13.04.26 | 1 800 000.00 | 1 816 524.00 | 0.08 |
| USD	KOMMUNEKREDIT-REG-S 1.62500% 16-01.06.21 | 950 000.00 | 947 319.10 | 0.04 |
| USD	LANDESKREDITBANK B-WUERTT FOERDBK-REG-S 1.37500% 16-21.07.21 | 1 100 000.00 | 1 092 854.40 | 0.05 |
| USD	MDGH - GMTN BV-REG-S 3.00000% 17-19.04.24 | 2 300 000.00 | 2 355 343.75 | 0.10 |
| USD	MUNICIPALITY FINANCE PLC-REG-S 1.87500% 17-18.09.20 | 975 000.00 | 975 068.25 | 0.04 |
| USD	NEDERLANDSE WATERSCHAPSBK NV-REG-S 3.00000% 18-21.12.21 | 925 000.00 | 947 764.25 | 0.04 |
| USD	NESTLE HOLDINGS INC-REG-S 1.87500% 16-09.03.21 | 2 400 000.00 | 2 399 702.40 | 0.10 |
| USD	NESTLE HOLDINGS INC-REG-S 2.37500% 17-18.01.22 | 1 475 000.00 | 1 489 451.46 | 0.06 |
| USD	NESTLE HOLDINGS INC-REG-S 3.12500% 18-22.03.23 | 1 970 000.00 | 2 042 023.20 | 0.09 |
| USD	NISSAN MOTOR ACCEPTANCE CORP-REG-S 2.60000% 17-28.09.22 | 500 000.00 | 502 697.35 | 0.02 |
| USD	NORDRHEIN-WESTFALEN, STATE OF-REG-S 2.25000% 15-16.04.25 | 900 000.00 | 916 059.60 | 0.04 |
| USD	SP POWERASSETS LTD-REG-S 3.25000% 15-24.11.25 | 1 500 000.00 | 1 576 230.00 | 0.07 |
| USD	SUMITOMO MITSUI BANKING CORP-REG-S 2.44000% 19-18.06.24 | 1 601 000.00 | 1 629 002.93 | 0.07 |
| USD	SVENSK EXPORTKREDIT AB 1.75000% 16-10.03.21 | 1 100 000.00 | 1 099 536.40 | 0.05 |
| USD	TORONTO-DOMINION BANK 2.50000% 15-14.12.20 | 3 850 000.00 | 3 873 715.62 | 0.17 |
| USD	TOYOTA MOTOR CREDIT CORP 2.60000% 17-11.01.22 | 1 550 000.00 | 1 572 278.00 | 0.07 |
| USD	TOYOTA MOTOR FINANCE NL BV-REG-S 2.76400% 19-26.04.21 | 1 700 000.00 | 1 714 086.88 | 0.07 |
| Total USD |  | 67 996 213.88 | 2.92 |
| Total des Medium-Term Notes, taux fixe |  | 67 996 213.88 | 2.92 |
| Obligations, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AGENCE FRANCAISE DE DEVELOPPEMENT-REG-S 1.62500% 15-21.01.20 | 1 250 000.00 | 1 249 517.50 | 0.05 |
| USD	BANK NEDERLANDSE GEMEENTEN NV-REG-S 2.62500% 14-28.04.21 | 1 600 000.00 | 1 618 276.80 | 0.07 |
| USD	BANK NEDERLANDSE GEMEENTEN NV-REG-S 2.37500% 16-16.03.26 | 1 800 000.00 | 1 853 632.80 | 0.08 |
| USD	BANK OF NOVA SCOTIA 1.85000% 15-14.04.20 | 1 675 000.00 | 1 674 254.87 | 0.07 |
| USD	CAISSE D’AMORTIS DE LA DETTE SOC-REG-S 1.87500% 15-12.02.22 | 2 350 000.00 | 2 356 119.40 | 0.10 |
| USD	CANADIAN IMPERIAL BANK OF COM/CAN-REG-S 2.35000% 17-27.07.22 | 1 475 000.00 | 1 491 143.43 | 0.06 |
| USD	CENTRAL JAPAN RAILWAY CO-REG-S 3.40000% 18-06.09.23 | 1 700 000.00 | 1 762 220.00 | 0.08 |
| USD	DBS BANK LTD-REG-S 3.30000% 18-27.11.21 | 2 000 000.00 | 2 045 440.00 | 0.09 |
| USD	DNB BOLIGKREDITT AS-REG-S 2.50000% 17-28.03.22 | 2 100 000.00 | 2 125 746.00 | 0.09 |
| USD	EUROPEAN INVESTMENT BANK 1.87500% 15-10.02.25 | 5 900 000.00 | 5 961 236.69 | 0.26 |
| USD	FAB SUKUK CO LTD-REG-S 3.87500% 19-22.01.24 | 1 600 000.00 | 1 680 500.00 | 0.07 |
| USD	FMS WERTMANAGEMENT 2.00000% 17-01.08.22 | 1 650 000.00 | 1 663 295.04 | 0.07 |
| USD	ING BANK NV-REG-S 2.62500% 12-05.12.22 | 1 500 000.00 | 1 531 500.00 | 0.07 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 3.87500% 10-14.02.20 | 2 300 000.00 | 2 308 572.10 | 0.10 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.12500% 15-15.01.25 | 5 375 000.00 | 5 475 033.05 | 0.23 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 14-25.11.24 | 3 000 000.00 | 3 112 098.90 | 0.13 |
| USD	INTL BK FOR RECONSTR & DEVT 2.50000% 15-29.07.25 | 5 850 000.00 | 6 093 261.13 | 0.26 |
| USD	KOREA NATIONAL OIL CORP-REG-S 3.25000% 14-10.07.24 | 2 200 000.00 | 2 290 062.50 | 0.10 |
| USD	KOREA, REPUBLIC OF 3.87500% 13-11.09.23 | 2 000 000.00 | 2 138 750.00 | 0.09 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.50000% 14-20.11.24 | 4 025 000.00 | 4 177 977.37 | 0.18 |
| USD	MDGH - GMTN BV-REG-S 2.75000% 16-11.05.23 | 2 000 000.00 | 2 022 500.00 | 0.09 |
| USD	MORGAN STANLEY 5.50000% 10-24.07.20 | 1 849 000.00 | 1 890 760.22 | 0.08 |
| USD	NOVARTIS CAPITAL CORP 3.40000% 14-06.05.24 | 1 000 000.00 | 1 057 435.30 | 0.05 |
| USD	OESTERREICHISCHE KONTROLLBANK AG 2.37500% 14-01.10.21 | 1 275 000.00 | 1 289 372.18 | 0.06 |
| USD	ONTARIO, PROVINCE OF 3.20000% 14-16.05.24 | 4 400 000.00 | 4 655 112.00 | 0.20 |
| USD	ONTARIO, PROVINCE OF 2.50000% 16-27.04.26 | 3 500 000.00 | 3 608 553.55 | 0.15 |
| USD	ROYAL BANK OF CANADA 2.10000% 15-14.10.20 | 1 575 000.00 | 1 576 463.01 | 0.07 |
| Total USD |  | 68 708 833.84 | 2.95 |
| Total des Obligations, taux fixe |  | 68 708 833.84 | 2.95 |
| Bons du Trésor à moyen terme, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 2.62500% 19-15.02.29 | 21 900 000.00 | 23 474 916.60 | 1.01 |
| USD	AMERICA, UNITED STATES OF 1.50000% 15-31.01.22 | 300 000.00 | 299 238.28 | 0.01 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.02.27 | 11 850 000.00 | 12 267 989.79 | 0.53 |
| USD	AMERICA, UNITED STATES OF 1.75000% 13-15.05.23 | 50 000.00 | 50 224.61 | 0.00 |
| USD	AMERICA, UNITED STATES OF 1.50000% 17-15.05.20 | 3 755 000.00 | 3 752 213.07 | 0.16 |
| Total USD |  | 39 844 582.35 | 1.71 |
| Total des Bons du Trésor à moyen terme, taux fixe |  | 39 844 582.35 | 1.71 |
| Bons du Trésor à moyen terme, taux variable |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 3 500 000.00 | 7 297 380.37 | 0.31 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 5 000 000.00 | 7 554 917.65 | 0.33 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 5 950 000.00 | 6 594 490.05 | 0.28 |
| USD	AMERICA, UNITED STATES OF 1.125%/CPI LINKED 11-15.01.21 | 2 800 000.00 | 3 308 239.55 | 0.14 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Rapport semestriel au 30 novembre 2019
|  | Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
|  |  |  |  |  |
| USD | AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.01.22 | 5 175 000.00 | 5 835 963.82 | 0.25 |
| USD | AMERICA, UNITED STATES OF 0.125%/CPI LINKED 13-15.01.23 | 5 710 000.00 | 6 313 440.46 | 0.27 |
| USD | AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 8 225 000.00 | 8 845 099.44 | 0.38 |
| USD | AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 6 650 000.00 | 7 294 550.25 | 0.31 |
| USD | AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 10 300 000.00 | 11 056 626.39 | 0.48 |
| Total USD |  |  | 64 100 707.98 | 2.75 |
| Total des Bons du Trésor à moyen terme, taux variable |  | 64 100 707.98 | 2.75 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 988 196 382.40 | 42.38 |
| Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  |  |  |
| Bons du trésor à court terme, coupon zéro |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 06.12.18-05.12.19 | 10 000 000.00 | 9 998 825.60 | 0.43 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 11.07.19-09.01.20 | 10 000 000.00 | 9 983 463.00 | 0.43 |
| Total USD |  | 19 982 288.60 | 0.86 |
| Total des Bons du trésor à court terme, coupon zéro |  | 19 982 288.60 | 0.86 |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	ALTRIA GROUP INC 2.85000% 12-09.08.22 | 1 900 000.00 | 1 927 349.36 | 0.08 |
| USD	FANNIE MAE 2.12500% 16-24.04.26 | 5 000 000.00 | 5 102 606.00 | 0.22 |
| USD	HSBC HOLDINGS PLC 4.87500% 11-14.01.22 | 1 450 000.00 | 1 531 468.98 | 0.07 |
| USD	MASSMUTUAL GLOBAL FUNDING II-REG-S 2.45000% 15-23.11.20 | 900 000.00 | 904 734.99 | 0.04 |
| USD	NATIONAL AUSTRALIA BANK LTD NEW YORK 2.87500% 18-12.04.23 | 800 000.00 | 817 916.24 | 0.04 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 1.95000% 17-28.09.20 | 1 000 000.00 | 1 000 606.10 | 0.04 |
| USD	PROCTER & GAMBLE CO 2.30000% 12-06.02.22 | 2 825 000.00 | 2 863 746.57 | 0.12 |
| USD	SANOFI 4.00000% 11-29.03.21 | 1 800 000.00 | 1 851 336.00 | 0.08 |
| Total USD |  | 15 999 764.24 | 0.69 |
| Total des Billets, taux fixe |  | 15 999 764.24 | 0.69 |
| Billets, taux variable |  |  |  |
| USD |  |  |  |
| USD	JPMORGAN CHASE BANK NA 3.086%/VAR 18-26.04.21 | 1 250 000.00 | 1 254 755.13 | 0.05 |
| Total USD |  | 1 254 755.13 | 0.05 |
| Total des Billets, taux variable |  | 1 254 755.13 | 0.05 |
| Medium-Term Notes, taux fixe |  |  |  |
| USD |  |  |  |
| USD	GOLDMAN SACHS GROUP INC/THE 3.85000% 14-08.07.24 | 1 500 000.00 | 1 587 712.20 | 0.07 |
| USD	GUARDIAN LIFE GLOBAL FUNDING-REG-S 2.00000% 16-26.04.21 | 2 000 000.00 | 2 000 883.80 | 0.08 |
| USD	MACQUARIE GROUP LTD-REG-S 6.25000% 11-14.01.21 | 2 150 000.00 | 2 240 579.50 | 0.10 |
| Total USD |  | 5 829 175.50 | 0.25 |
| Total des Medium-Term Notes, taux fixe |  | 5 829 175.50 | 0.25 |
| Medium-Term Notes, coupon zéro |  |  |  |
| USD |  |  |  |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.00000% 00-01.05.30 | 1 908 000.00 | 1 497 788.28 | 0.06 |
| Total USD |  | 1 497 788.28 | 0.06 |
| Total des Medium-Term Notes, coupon zéro |  | 1 497 788.28 | 0.06 |
| Obligations, taux fixe |  |  |  |
| USD |  |  |  |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 1.62500% 19-17.10.22 | 1 000 000.00 | 992 600.00 | 0.04 |
| USD	ROYAL BANK OF CANADA-REG-S 3.35000% 18-22.10.21 | 1 900 000.00 | 1 950 650.58 | 0.09 |
| Total USD |  | 2 943 250.58 | 0.13 |
| Total des Obligations, taux fixe |  | 2 943 250.58 | 0.13 |
| Bons du Trésor à moyen terme, taux variable |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 14-15.01.24 | 8 700 000.00 | 9 724 774.24 | 0.42 |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25 | 7 665 000.00 | 8 330 539.29 | 0.36 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 16-15.04.21 | 1 417 000.00 | 1 524 765.71 | 0.06 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 3 475 000.00 | 3 873 577.87 | 0.17 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 4 239 000.00 | 4 714 997.54 | 0.20 |
| Total USD |  | 28 168 654.65 | 1.21 |
| Total des Bons du Trésor à moyen terme, taux variable |  | 28 168 654.65 | 1.21 |
| Total des Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  | 75 675 676.98 | 3.25 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD)
Rapport semestriel au 30 novembre 2019
| Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |

Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé
Actions privilégiées
Grande-Bretagne
| GBP | ROLLS ROYCE HLDGS NON CUM RED PREF GBP0.001 C | 2 468 222.00 | 3 192.64 | 0.00 |
| --- | --- | --- | --- | --- |
| Total Grande-Bretagne |  | 3 192.64 | 0.00 |
| Total des Actions privilégiées |  | 3 192.64 | 0.00 |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	MASSMUTUAL GLOBAL FUNDING II-REG-S 2.95000% 18-11.01.25 | 1 550 000.00 | 1 593 298.16 | 0.07 |
| USD	SVENSKA HANDELSBANKEN AB 1.95000% 17-08.09.20 | 1 250 000.00 | 1 248 613.00 | 0.05 |
| Total USD |  | 2 841 911.16 | 0.12 |
| Total des Billets, taux fixe |  | 2 841 911.16 | 0.12 |
| Obligations, taux fixe |  |  |  |
| USD |  |  |  |
| USD	HSBC BANK CANADA-REG-S 3.30000% 18-28.11.21 | 1 350 000.00 | 1 385 625.29 | 0.06 |
| USD	HSBC BANK CANADA-REG-S 1.65000% 19-10.09.22 | 1 500 000.00 | 1 489 717.95 | 0.07 |
| USD	MASSMUTUAL GLOBAL FUNDING II-REG-S 2.75000% 17-22.06.24 | 950 000.00 | 968 676.72 | 0.04 |
| USD	SWEDBANK AB-REG-S 2.80000% 17-14.03.22 | 1 000 000.00 | 1 010 128.80 | 0.04 |
| Total USD |  | 4 854 148.76 | 0.21 |
| Total des Obligations, taux fixe |  | 4 854 148.76 | 0.21 |
| Total des Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé |  | 7 699 252.56 | 0.33 |

OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée
Fonds d’investissement, ouvert
| Irlande |  |
| --- | --- |
| USD | UBS (IRL) ETF PLC - MSCI USA UCITS-ACC-A-USD-ETF | 14 275 324.00 | 243 537 027.44 | 10.45 |
| USD | UBS ETFS PLC - MSCI USA TRN INDEX SF (USD) A-ACC | 978 817.00 | 82 758 977.35 | 3.55 |
| USD | XTRACKERS MSCI USA UCITS ETF DR-1C-USD CAP | 1 922 118.00 | 165 129 157.38 | 7.08 |
| Total Irlande |  | 491 425 162.17 | 21.08 |
| Luxembourg |  |  |  |
| USD	AQR UCITS FUNDS - GLOBAL RISK PARITY UCITS FUND-A2-CAP | 381 969.46 | 45 603 333.83 | 1.96 |
| EUR	DB PLATINUM IV UBS MULTI-STRATEGY ALTERNATIVES-I0C-E-CAP | 6 112.32 | 67 647 400.22 | 2.90 |
| USD	INVESCO FUNDS SICAV BAL RISK ALLOCATION-PI1-USD HDG-CAP | 3 899 378.34 | 46 129 645.76 | 1.98 |
| USD	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR)(USD HEDGED) F-ACC | 396 428.00 | 45 791 398.28 | 1.96 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD (USD) F-ACC | 215 417.00 | 69 719 712.05 | 2.99 |
| USD	UBS (LUX) BOND SICAV USD - INVEST GRADE CORP USD F ACC | 2 951.00 | 323 540 266.60 | 13.88 |
| USD	UBS (LUX) BOND SICAV - EMERG ECON CORPORATES (USD) F-ACC | 401 336.00 | 45 523 542.48 | 1.95 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD) F-ACC | 34 731.00 | 69 818 340.06 | 2.99 |
| USD	UBS (LUX) MONEY MARKET FUND - USD U-X-ACC | 1.00 | 11 088.70 | 0.00 |
| Total Luxembourg | 713 784 727.98 | 30.61 |
| Total des Fonds d’investissement, ouvert | 1 205 209 890.15 | 51.69 |
| Total des OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée | 1 205 209 890.15 | 51.69 |
| Total du Portefeuille-titres | 2 276 781 202.09 | 97.65 |

| Instruments dérivés |  |
| --- | --- |
| Instruments dérivés négociés sur une bourse officielle Contrats financiers à terme sur obligations |
|  |  |  |  |
| USD	US 10YR ULTRA NOTE FUTURE 20.03.20 | -439.00 | 281 234.38 | 0.01 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.20 | -907.00 | 191 320.77 | 0.01 |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.20 | -415.00 | 48 633.02 | 0.00 |
| USD	US 10YR TREASURY NOTE FUTURE 20.03.20 | -584.00 | 255 500.00 | 0.01 |
| USD	US LONG BOND FUTURE 20.03.20 | -58.00 | 58 000.00 | 0.01 |
| Total des Contrats financiers à terme sur obligations |  | 834 688.17 | 0.04 |
| Contrats financiers à terme sur indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 20.12.19 | 863.00 | 774 389.06 | 0.03 |
| CHF	SWISS MARKET INDEX FUTURE 20.12.19 | 85.00 | 254 300.20 | 0.01 |
| GBP	FTSE 100 INDEX FUTURE 20.12.19 | 177.00 | 111 695.64 | 0.00 |
| SGD	MSCI SINGAPORE INDEX FUTURE 30.12.19 | 51.00 | -7 832.10 | 0.00 |
| USD	S&P500 EMINI FUTURE 20.12.19 | 1 201.00 | 6 261 349.02 | 0.27 |
| JPY	TOPIX INDX FUTURE 12.12.19 | 163.00 | 569 630.96 | 0.02 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 20.12.19 | 1 684.00 | 362 077.84 | 0.02 |
| AUD	SPI 200 INDEX FUTURE 19.12.19 | 64.00 | 118 962.86 | 0.00 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Rapport semestriel au 30 novembre 2019
|  | Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
|  |  |  |  |  |
| CAD | S&P/TSX 60 INDEX FUTURE 19.12.19 | 74.00 | 372 628.10 | 0.02 |
| HKD | HANG SENG INDEX FUTURE 30.12.19 | 22.00 | -111 155.82 | 0.00 |
| Total des Contrats financiers à terme sur indices | 8 706 045.76 | 0.37 |
| Total des Instruments dérivés négociés sur une bourse officielle | 9 540 733.93 | 0.41 |
| Total des Instruments dérivés | 9 540 733.93 | 0.41 |
| Contrats de change à terme |  |  |
| Contrats de change à terme (achat/vente) |  |  |

| USD | 32 775 555.30 | CHF | 32 485 000.00 | 9.1.2020 | 154 631.30 | 0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 29 765 352.50 | GBP | 23 465 000.00 | 9.1.2020 | -637 817.48 | -0.03 |
| USD | 23 789 842.12 | CAD | 31 450 000.00 | 9.1.2020 | 102 993.00 | 0.01 |
| USD | 203 460.00 | AUD | 300 000.00 | 9.1.2020 | 315.22 | 0.00 |
| USD | 701 656.27 | HKD | 5 500 000.00 | 9.1.2020 | -669.50 | 0.00 |
| JPY | 358 500 000.00 | USD | 3 330 335.88 | 9.1.2020 | -45 825.15 | 0.00 |
| USD | 182 647.20 | SGD | 250 000.00 | 9.1.2020 | -243.16 | 0.00 |
| USD | 97 968 348.72 | EUR | 88 440 000.00 | 9.1.2020 | 156 190.93 | 0.01 |
| USD | 1 613 938.53 | JPY | 175 000 000.00 | 9.1.2020 | 10 620.88 | 0.00 |
| USD | 2 286 034.75 | EUR | 2 050 000.00 | 9.1.2020 | 18 792.29 | 0.00 |
| CHF | 1 000 000.00 | USD | 1 011 318.68 | 9.1.2020 | -7 134.47 | 0.00 |
| USD | 24 200 028.98 | CAD | 31 750 000.00 | 15.1.2020 | 286 883.58 | 0.01 |
| USD | 7 977 601.07 | JPY | 864 500 000.00 | 15.1.2020 | 54 769.47 | 0.00 |
| USD | 43 020 474.57 | GBP | 33 310 000.00 | 15.1.2020 | -145 604.83 | -0.01 |
| USD | 184 418.69 | SGD | 250 000.00 | 15.1.2020 | 1 515.77 | 0.00 |
| USD | 409 245.24 | AUD | 590 000.00 | 15.1.2020 | 9 670.42 | 0.00 |
| USD | 1 340 176.66 | HKD | 10 500 000.00 | 15.1.2020 | -600.41 | 0.00 |
| USD | 38 229 543.74 | CHF | 37 660 000.00 | 15.1.2020 | 396 598.40 | 0.02 |
| USD | 137 161 165.63 | EUR | 122 645 461.98 | 15.1.2020 | 1 469 465.89 | 0.06 |
| USD | 2 170 443.41 | EUR | 1 950 000.00 | 9.1.2020 | 13 798.14 | 0.00 |
| USD | 2 171 254.61 | EUR | 1 950 000.00 | 15.1.2020 | 13 826.11 | 0.00 |
| AUD | 78 696 500.00 | USD | 53 479 701.81 | 16.1.2020 | -181 592.68 | -0.01 |
| GBP | 58 419 900.00 | USD | 75 389 034.88 | 16.1.2020 | 318 724.56 | 0.01 |
| SEK | 186 056 700.00 | USD | 19 400 033.88 | 16.1.2020 | 94 918.80 | 0.01 |
| CAD | 57 249 300.00 | USD | 43 071 063.84 | 16.1.2020 | 47 492.41 | 0.00 |
| CHF | 308 908 800.00 | USD | 310 954 883.13 | 16.1.2020 | -606 467.26 | -0.03 |
| EUR | 336 997 200.00 | USD | 372 577 364.38 | 16.1.2020 | 290 005.63 | 0.01 |
| SGD | 86 425 000.00 | USD | 63 339 147.51 | 16.1.2020 | -108 884.54 | 0.00 |
| USD | 365 010.83 | SGD | 498 200.00 | 16.1.2020 | 517.72 | 0.00 |
| GBP | 2 259 500.00 | USD | 2 917 016.76 | 16.1.2020 | 11 123.86 | 0.00 |
| USD | 2 464 551.54 | EUR | 2 233 800.00 | 16.1.2020 | -7 015.38 | 0.00 |
| USD | 118 935.60 | SEK | 1 137 200.00 | 16.1.2020 | -219.80 | 0.00 |
| USD | 2 143 822.46 | EUR | 1 941 200.00 | 16.1.2020 | -3 999.95 | 0.00 |
| USD | 777 147.60 | GBP | 600 000.00 | 9.1.2020 | -261.39 | 0.00 |
| USD | 1 016 389.39 | CAD | 1 350 000.00 | 15.1.2020 | -390.02 | 0.00 |
| USD | 1 016 373.71 | CAD | 1 350 000.00 | 9.1.2020 | -390.88 | 0.00 |
| USD | 777 274.80 | GBP | 600 000.00 | 15.1.2020 | -258.90 | 0.00 |
| USD | 1 906 463.67 | CHF | 1 900 000.00 | 9.1.2020 | -1 486.33 | 0.00 |
| USD | 1 907 249.65 | CHF | 1 900 000.00 | 15.1.2020 | -1 475.69 | 0.00 |
| USD | 884 595.92 | EUR | 800 000.00 | 15.1.2020 | -502.95 | 0.00 |
| USD | 884 265.92 | EUR | 800 000.00 | 9.1.2020 | -511.63 | 0.00 |
| Total des Contrats de change à terme (achat/vente) | 1 701 501.98 | 0.07 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 51 011 680.29 | 2.19 |
| Autres actifs et passifs | -7 493 872.73 | -0.32 |
| Total de l’Actif net | 2 331 541 245.56 | 100.00 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD)
Rapport semestriel au 30 novembre 2019