# UBS (Lux) Equity SICAV – USA Quantitative (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Net assets in USD |  | 102 334 481.02 | 1 099 956 849.56 | 1 300 918 926.11 |
| Class F-acc | LU0399034312 |  |  |  |
| Shares outstanding |  | 4 900.0030 | 2 433 694.0740 | 2 786 315.4430 |
| Net asset value per share in USD |  | 162.01 | 143.20 | 149.50 |
| Issue and redemption price per share in USD 1 |  | 162.01 | 143.20 | 149.50 |
| Class (CHF hedged) F-acc 2 | LU0999556359 |  |  |  |
| Shares outstanding |  | - | 558 630.0530 | 107 323.5670 |
| Net asset value per share in CHF |  | - | 130.65 | 140.89 |
| Issue and redemption price per share in CHF 1 |  | - | 130.65 | 140.89 |
| Class (EUR hedged) F-acc | LU0999558058 |  |  |  |
| Shares outstanding |  | 3 650.9920 | 426 194.0280 | 499 114.2860 |
| Net asset value per share in EUR |  | 154.45 | 138.39 | 148.91 |
| Issue and redemption price per share in EUR 1 |  | 154.45 | 138.39 | 148.91 |
| Class P-acc | LU0246276595 |  |  |  |
| Shares outstanding |  | 22 629.4380 | 1 980 305.7450 | 2 148 692.7180 |
| Net asset value per share in USD |  | 247.07 | 218.77 | 229.22 |
| Issue and redemption price per share in USD 1 |  | 247.07 | 218.77 | 229.22 |
| Class (EUR hedged) P-acc | LU1157384881 |  |  |  |
| Shares outstanding |  | 1 670.9360 | 704 414.6650 | 1 174 900.4460 |
| Net asset value per share in EUR |  | 131.26 | 117.83 | 127.24 |
| Issue and redemption price per share in EUR 1 |  | 131.26 | 117.83 | 127.24 |
| Class Q-acc | LU0399034585 |  |  |  |
| Shares outstanding |  | 4 565.7020 | 14 011.1700 | 12 602.8080 |
| Net asset value per share in USD |  | 142.97 | 126.47 | 132.23 |
| Issue and redemption price per share in USD 1 |  | 142.97 | 126.47 | 132.23 |
| Class U-X-acc | LU0399035988 |  |  |  |
| Shares outstanding |  | 3 955.6310 | 4 066.6310 | 5 183.5820 |
| Net asset value per share in USD |  | 23 873.11 | 21 064.33 | 21 904.25 |
| Issue and redemption price per share in USD 1 |  | 23 873.11 | 21 064.33 | 21 904.25 |
| 1  See note 1 2  The share class (CHF hedged) F-acc was in circulation until 20.9.2019 |  |  |  |  |


## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
United States	95.32
Ireland	2.59
Bermuda	0.93
Puerto Rico	0.62
Total	99.46
Economic Breakdown as a % of net assets	
Internet, software & IT services	14.06
Finance & holding companies	10.39
Pharmaceuticals, cosmetics & medical products	9.90
Computer hardware & network equipment providers	7.75
Retail trade, department stores	7.61
Banks & credit institutions	7.23
Telecommunications	6.41
Petroleum	5.37
Insurance	5.20
Biotechnology	3.57
Electronics & semiconductors	3.15
Miscellaneous consumer goods	2.92
Food & soft drinks	2.58
Building industry & materials	1.61
Miscellaneous services	1.46
Real Estate	1.27
Aerospace industry	1.26
Precious metals & stones	1.05
Miscellaneous trading companies	1.04
Mechanical engineering & industrial equipment	0.92
Vehicles	0.72
Traffic & transportation	0.64
Electrical devices & components	0.62
Agriculture & fishery	0.60
Healthcare & social services	0.50
Lodging, catering & leisure	0.43
Textiles, garments & leather goods	0.40
Energy & water supply	0.36
Non-ferrous metals	0.34
Graphic design, publishing & media	0.10
Total	99.46
UBS (Lux) Equity SICAV – USA Quantitative (USD) Semi-Annual Report as of 30 November 2019

## Statement of Net Assets
Assets	30.11.2019
USD
Investments in securities, cost	91 203 884.21
| Investments in securities, unrealized appreciation (depreciation) | 	10 573 223.74	 |
| --- | --- |
| Total investments in securities (Note 1) | 101 777 107.95 |
| Cash at banks, deposits on demand and deposit accounts | 518 676.54 |
| Receivable on subscriptions | 5 762.26 |
| Receivable on dividends | 141 940.21 |
| Other receivables | 27 975.17 |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | 666.39 |
| Total Assets | 102 472 128.52 |
|  |  |
| Liabilities |  |
| Interest payable on bank overdraft | -108.88 |
| Payable on securities purchases (Note 1) | -9.00 |
| Payable on redemptions | -2 035.28 |
| Provisions for flat fee (Note 2) | -1 792.44 |
| Provisions for taxe d’abonnement (Note 3) | -2 091.48 |
| Provisions for other commissions and fees (Note 2) | 	-131 610.42	 |
| Total provisions | -135 494.34 |
| Total Liabilities | -137 647.50 |
|  |  |
| Net assets at the end of the period | 102 334 481.02 |
| Statement of Operations | USD |
| Income | 1.6.2019-30.11.2019 |
| Interest on liquid assets | 84 644.11 |
| Dividends | 3 456 974.80 |
| Income on securities lending (Note 13) | 85 214.12 |
| Other income (Note 4) | 340 002.26 |
| Total income | 3 966 835.29 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -1 056 004.72 |
| Taxe d’abonnement (Note 3) | -35 648.02 |
| Cost on securities lending (Note 13) | -34 085.65 |
| Other commissions and fees (Note 2) | -38 704.14 |
| Interest on cash and bank overdraft | -174.09 |
| Total expenses | -1 164 616.62 |
|  |  |
| Net income (loss) on investments | 2 802 218.67 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 76 362 140.34 |
| Realized gain (loss) on financial futures | 566 827.42 |
| Realized gain (loss) on forward foreign exchange contracts | -1 596 183.22 |
| Realized gain (loss) on foreign exchange | 885 109.32 |
| Total realized gain (loss) | 76 217 893.86 |
|  |  |
| Net realized gain (loss) of the period | 79 020 112.53 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 18 048 295.11 |
| Unrealized appreciation (depreciation) on financial futures | 373 282.50 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -233 238.99 |
| Total changes in unrealized appreciation (depreciation) | 18 188 338.62 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 97 208 451.15 |

UBS (Lux) Equity SICAV – USA Quantitative (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 | 1 099 956 849.56 |
| Subscriptions | 59 374 884.83 |
| Redemptions | 	-1 154 205 704.52	 |
| Total net subscriptions (redemptions) | -1 094 830 819.69 |
| Net income (loss) on investments | 2 802 218.67 |
| Total realized gain (loss) | 76 217 893.86 |
| Total changes in unrealized appreciation (depreciation) | 	18 188 338.62	 |
| Net increase (decrease) in net assets as a result of operations | 97 208 451.15 |
| Net assets at the end of the period | 102 334 481.02 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2019-30.11.2019 |
| Class | F-acc |
| Number of shares outstanding at the beginning of the period | 2 433 694.0740 |
| Number of shares issued | 86 478.7750 |
| Number of shares redeemed | -2 515 272.8460 |
| Number of shares outstanding at the end of the period | 4 900.0030 |
| Class | (CHF hedged) F-acc |
| Number of shares outstanding at the beginning of the period | 558 630.0530 |
| Number of shares issued | 22 478.0070 |
| Number of shares redeemed | -581 108.0600 |
| Number of shares outstanding at the end of the period | 0.0000 |
| Class | (EUR hedged) F-acc |
| Number of shares outstanding at the beginning of the period | 426 194.0280 |
| Number of shares issued | 63 002.6630 |
| Number of shares redeemed | -485 545.6990 |
| Number of shares outstanding at the end of the period | 3 650.9920 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 1 980 305.7450 |
| Number of shares issued | 64 913.5110 |
| Number of shares redeemed | -2 022 589.8180 |
| Number of shares outstanding at the end of the period | 22 629.4380 |
| Class | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 704 414.6650 |
| Number of shares issued | 123 101.1470 |
| Number of shares redeemed | -825 844.8760 |
| Number of shares outstanding at the end of the period | 1 670.9360 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 14 011.1700 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -9 445.4680 |
| Number of shares outstanding at the end of the period | 4 565.7020 |
| Class | U-X-acc |
| Number of shares outstanding at the beginning of the period | 4 066.6310 |
| Number of shares issued | 5.0000 |
| Number of shares redeemed | -116.0000 |
| Number of shares outstanding at the end of the period | 3 955.6310 |

UBS (Lux) Equity SICAV – USA Quantitative (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 |  |  |  |
| Bermuda |  |  |  |
| USD	GENPACT LIMITED COM STK USD0.01 | 2 600.00 | 105 820.00 | 0.10 |
| Total Bermuda |  | 105 820.00 | 0.10 |
| Ireland |  |  |  |
| USD	SEAGATE TECH PLC COM USD0.00001 | 5 906.00 | 352 470.08 | 0.34 |
| Total Ireland |  | 352 470.08 | 0.34 |
| Puerto Rico |  |  |  |
| USD	POPULAR INC COM USD0.01 | 11 431.00 | 632 248.61 | 0.62 |
| Total Puerto Rico |  | 632 248.61 | 0.62 |
| United States |  |  |  |
| USD	AARONS INC COM USD0.50 | 8 803.00 | 514 095.20 | 0.50 |
| USD	AKAMAI TECHNOLOGIES INC COM | 4 404.00 | 383 676.48 | 0.37 |
| USD	ALPHABET INC CAP STK USD0.001 CL C | 1 019.00 | 1 329 754.24 | 1.30 |
| USD	BERKSHIRE HATHAWAY CLASS’B’COM USD0.0033 | 796.00 | 175 358.80 | 0.17 |
| USD	CADENCE DESIGN SYS COM USD0.01 | 13 553.00 | 952 098.25 | 0.93 |
| USD	CARLISLE COS INC COM | 636.00 | 99 203.28 | 0.10 |
| USD	CDW CORP COM USD0.01 | 3 067.00 | 414 198.35 | 0.40 |
| USD	DECKERS OUTDOOR CORP COM | 2 418.00 | 406 659.24 | 0.40 |
| USD	DEVON ENERGY CORP NEW COM | 30 298.00 | 663 223.22 | 0.65 |
| USD	DISCOVERY INC COM USD0.01 SER A | 30 366.00 | 1 000 256.04 | 0.98 |
| USD	EDWARDS LIFESCIENCES CORP COM | 430.00 | 105 324.20 | 0.10 |
| USD	F5 NETWORK INC COM STK NPV | 2 160.00 | 314 733.60 | 0.31 |
| USD	FIDELITY NATL FINL FNF GROUP COM USD0.0001 | 4 895.00 | 233 148.85 | 0.23 |
| USD	FORTINET INC COM USD0.001 | 3 222.00 | 338 664.42 | 0.33 |
| USD	GENTEX CORP COM | 13 168.00 | 373 971.20 | 0.36 |
| USD	HONEYWELL INTL INC COM | 7 232.00 | 1 291 273.60 | 1.26 |
| USD	JABIL INC COM USD0.001 | 3 076.00 | 119 471.84 | 0.12 |
| USD	JETBLUE AWYS CORP COM | 11 508.00 | 221 759.16 | 0.22 |
| USD	JOHNSON & JOHNSON COM USD1 | 12 401.00 | 1 705 013.49 | 1.67 |
| USD	JP MORGAN CHASE & COM USD1 | 5 455.00 | 718 750.80 | 0.70 |
| USD	LEIDOS HLDGS INC COM USD0.0001 | 1 152.00 | 104 647.68 | 0.10 |
| USD	LPL FINL HLDGS INC COM USD0.001 | 9 628.00 | 889 145.80 | 0.87 |
| USD	MASTEC INC COM | 9 548.00 | 633 414.32 | 0.62 |
| USD	MAXIMUS INC COM | 2 662.00 | 198 718.30 | 0.19 |
| USD	PEPSICO INC CAP USD0.016666 | 10 294.00 | 1 398 234.02 | 1.37 |
| USD	PILGRIMS PRIDE COR COM USD0.01 (NEW) | 19 431.00 | 612 076.50 | 0.60 |
| USD	PROGRESSIVE CP(OH) COM USD1 | 5 421.00 | 396 004.05 | 0.39 |
| USD	PULTE GROUP INC COM USD0.01 | 22 346.00 | 886 018.90 | 0.87 |
| USD	SOUTHERN CO COM | 4 301.00 | 266 618.99 | 0.26 |
| USD	STRYKER CORP COM USD0.10 | 509.00 | 104 273.74 | 0.10 |
| USD	TECH DATA CORP COM | 1 481.00 | 214 582.09 | 0.21 |
| USD	US FOODS HLDG CORP COM USD0.01 | 2 816.00 | 111 992.32 | 0.11 |
| Total United States |  | 17 176 360.97 | 16.79 |
| Total Bearer shares |  | 18 266 899.66 | 17.85 |
| Registered shares |  |  |  |
| Bermuda |  |  |  |
| USD	RENAISSANCE RE HLG COM USD1	4 512.00 | 849 744.96 | 0.83 |
| Total Bermuda | 849 744.96 | 0.83 |
| Ireland |  |  |  |  |
| USD | ACCENTURE PLC SHS CL A ‘NEW’ | 6 455.00 | 1 298 487.80 | 1.27 |
| USD | JAZZ PHARMA PLC COM USD0.0001 | 6 652.00 | 1 005 250.24 | 0.98 |
| Total Ireland |  | 2 303 738.04 | 2.25 |
| United States |  |  |  |
| USD	ABBVIE INC COM USD0.01 | 3 831.00 | 336 093.63 | 0.33 |
| USD	AGCO CORP COM USD0.01 | 2 846.00 | 222 357.98 | 0.22 |
| USD	ALEXION PHARMACEUT COM USD0.0001 | 1 020.00 | 116 218.80 | 0.11 |
| USD	ALLSTATE CORP COM | 9 023.00 | 1 004 711.05 | 0.98 |
| USD	ALLY FINANCIAL INC COM USD0.01 | 7 496.00 | 238 672.64 | 0.23 |
| USD	ALPHABET INC CAP STK USD0.001 CL A | 786.00 | 1 025 014.74 | 1.00 |
| USD	AMAZON COM INC COM USD0.01 | 1 032.00 | 1 858 425.60 | 1.82 |
| USD	AMER INTL GRP COM USD2.50 | 19 550.00 | 1 029 503.00 | 1.01 |
| USD	AMER TOWER CORP COM NEW USD0.01 | 5 664.00 | 1 212 265.92 | 1.18 |
| USD	AMERIPRISE FINL INC COM | 4 840.00 | 793 130.80 | 0.78 |
| USD	AMERISOURCEBERGEN COM STK USD0.01 | 10 533.00 | 925 956.03 | 0.91 |
| USD	AMGEN INC COM USD0.0001 | 6 239.00 | 1 464 418.08 | 1.43 |
| USD	ANTHEM INC COM USD0.01 | 1 779.00 | 513 526.14 | 0.50 |
| USD	APPLE INC COM NPV | 17 861.00 | 4 773 352.25 | 4.66 |
| USD	ARCONIC INC COM USD1.00 | 11 110.00 | 343 965.60 | 0.34 |
| USD	AT&T INC COM USD1 | 37 700.00 | 1 409 226.00 | 1.38 |
| USD	ATHENE HOLDING LTD COM USD0.001 CL A | 13 099.00 | 589 716.98 | 0.58 |
| USD	AXA EQUITABLE HLD COM USD0.01 | 4 285.00 | 106 010.90 | 0.10 |
| USD	BAXTER INTL INC COM USD1 | 4 166.00 | 341 487.02 | 0.33 |
| USD	BEST BUY CO INC COM USD0.10 | 12 737.00 | 1 027 111.68 | 1.00 |
| USD	BIOGEN INC COM STK USD0.0005 | 3 706.00 | 1 111 095.86 | 1.09 |
| USD	BK OF AMERICA CORP COM USD0.01 | 28 258.00 | 941 556.56 | 0.92 |

UBS (Lux) Equity SICAV – USA Quantitative (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 | BRISTOL-MYRS SQUIB COM STK USD0.10 | 20 832.00 | 1 186 174.08 | 1.16 |
| USD | BUNGE LIMITED COM USD0.01 | 1 809.00 | 96 564.42 | 0.09 |
| USD | CARDINAL HEALTH INC COM | 3 235.00 | 178 022.05 | 0.17 |
| USD | CBRE GROUP INC CLASS ‘A’ USD0.01 | 16 696.00 | 952 005.92 | 0.93 |
| USD | CHEVRON CORP COM USD0.75 | 14 232.00 | 1 666 994.16 | 1.63 |
| USD | CHURCH & DWIGHT INC COM | 3 988.00 | 280 117.12 | 0.27 |
| USD | CISCO SYSTEMS COM USD0.001 | 10 971.00 | 497 096.01 | 0.49 |
| USD | CIT GROUP INC COM NEW USD0.01 | 8 863.00 | 403 443.76 | 0.39 |
| USD | CITIGROUP INC COM USD0.01 | 20 021.00 | 1 503 977.52 | 1.47 |
| USD | CONOCOPHILLIPS COM USD0.01 | 7 855.00 | 470 828.70 | 0.46 |
| USD | CORTEVA INC COM USD0.01 | 23 781.00 | 618 781.62 | 0.60 |
| USD | CROWN CASTLE INTL COM USD0.01 | 800.00 | 106 928.00 | 0.10 |
| USD | CUMMINS INC COM | 3 321.00 | 607 278.06 | 0.59 |
| USD | CVS HEALTH CORP COM STK USD0.01 | 7 982.00 | 600 805.14 | 0.59 |
| USD | DANAHER CORP COM USD0.01 | 772.00 | 112 696.56 | 0.11 |
| USD | DARDEN RESTAURANTS INC COM | 3 754.00 | 444 623.76 | 0.43 |
| USD | DAVITA INC COM USD0.001 | 13 095.00 | 939 828.15 | 0.92 |
| USD | DELL TECHNOLOGIES COM USD0.01 CL C | 2 338.00 | 113 369.62 | 0.11 |
| USD | DELTA AIRLINES INC COM USD0.0001 | 4 398.00 | 252 049.38 | 0.25 |
| USD | DISCOVER FINL SVCS COM STK USD0.01 | 10 668.00 | 905 393.16 | 0.89 |
| USD | DOLLAR GENERAL CP COM USD0.875 | 2 096.00 | 329 826.56 | 0.32 |
| USD | EBAY INC COM USD0.001 | 24 230.00 | 860 649.60 | 0.84 |
| USD | ESTEE LAUDER COS CLASS’A’COM USD0.01 | 2 733.00 | 534 219.51 | 0.52 |
| USD | EVERGY INC COM NPV | 6 567.00 | 415 494.09 | 0.41 |
| USD | EXPEDIA GROUP INC COM USD0.001 | 7 409.00 | 753 198.94 | 0.74 |
| USD | EXXON MOBIL CORP COM NPV | 16 706.00 | 1 138 179.78 | 1.11 |
| USD | FACEBOOK INC COM USD0.000006 CL ‘A’ | 13 579.00 | 2 738 069.56 | 2.68 |
| USD | FLEETCOR TECHNOLOG COM STK USD0.001 | 858.00 | 263 337.36 | 0.26 |
| USD | GENERAL MOTORS CO COM USD0.01 | 10 026.00 | 360 936.00 | 0.35 |
| USD | GILEAD SCIENCES COM USD0.001 | 14 327.00 | 963 347.48 | 0.94 |
| USD | GLOBAL PAYMENTS COM NPV | 2 771.00 | 501 828.10 | 0.49 |
| USD | HARTFORD FINL SVCS COM USD0.01 | 5 941.00 | 367 510.26 | 0.36 |
| USD | HCA HEALTHCARE INC COM USD0.01 | 3 674.00 | 509 436.84 | 0.50 |
| USD | HERSHEY COMPANY COM USD1.00 | 6 998.00 | 1 036 823.68 | 1.01 |
| USD | HEWLETT PACKARD EN COM USD0.01 | 17 343.00 | 274 539.69 | 0.27 |
| USD | HOLLYFRONTIER CORP COM USD0.01 | 10 406.00 | 536 429.30 | 0.52 |
| USD | HOME DEPOT INC COM USD0.05 | 466.00 | 102 757.66 | 0.10 |
| USD | HP INC COM USD0.01 | 5 140.00 | 103 211.20 | 0.10 |
| USD | INTEL CORP COM USD0.001 | 32 840.00 | 1 906 362.00 | 1.86 |
| USD | INTUIT INC COM USD0.01 | 3 511.00 | 908 962.79 | 0.89 |
| USD | JACOBS ENG GROUP COM USD1 | 1 061.00 | 97 707.49 | 0.10 |
| USD | JOHNSON CTLS INTL COM USD0.01 | 15 243.00 | 652 857.69 | 0.64 |
| USD | JONES LANG LASALLE INC COM | 1 428.00 | 237 519.24 | 0.23 |
| USD | KROGER CO COM USD1 | 34 728.00 | 949 463.52 | 0.93 |
| USD | L3HARRIS TECHNOLOG COM USD1.00 | 5 509.00 | 1 107 804.81 | 1.08 |
| USD | LAM RESEARCH CORP COM USD0.001 | 1 347.00 | 359 420.01 | 0.35 |
| USD | LINCOLN NATL CORP COM NPV | 5 314.00 | 313 791.70 | 0.31 |
| USD | MASTERCARD INC COM USD0.0001 CLASS ‘A’ | 430.00 | 125 658.90 | 0.12 |
| USD | MEDTRONIC PLC USD0.0001 | 12 213.00 | 1 360 406.07 | 1.33 |
| USD | MERCK & CO INC COM USD0.50 | 20 046.00 | 1 747 610.28 | 1.71 |
| USD | METLIFE INC COM USD0.01 | 20 352.00 | 1 015 768.32 | 0.99 |
| USD | MICRON TECHNOLOGY COM USD0.10 | 13 133.00 | 623 948.83 | 0.61 |
| USD | MICROSOFT CORP COM USD0.0000125 | 32 864.00 | 4 974 952.32 | 4.86 |
| USD | NETAPP INC COM USD0.001 | 10 022.00 | 607 232.98 | 0.59 |
| USD | NEWMONT GOLDCORP C COM USD1.60 | 27 949.00 | 1 073 241.60 | 1.05 |
| USD | NRG ENERGY INC COM USD0.01 | 2 620.00 | 104 092.60 | 0.10 |
| USD | NVR INC COM STK USD0.01 | 174.00 | 659 788.86 | 0.64 |
| USD | OMNICOM GROUP INC COM USD0.15 | 1 276.00 | 101 416.48 | 0.10 |
| USD | PAYCHEX INC COM | 1 913.00 | 164 747.56 | 0.16 |
| USD | PAYPAL HOLDINGS IN COM USD0.0001 | 3 577.00 | 386 351.77 | 0.38 |
| USD | PHILLIPS 66 COM USD0.01 | 1 621.00 | 185 961.12 | 0.18 |
| USD | PROCTER & GAMBLE COM NPV | 16 071.00 | 1 961 626.26 | 1.92 |
| USD | REINSURANCE GROUP COM USD0.01 | 2 079.00 | 343 991.34 | 0.34 |
| USD | ROBERT HALF INTL COM USD0.001 | 15 665.00 | 911 703.00 | 0.89 |
| USD | ROSS STORES INC COM USD0.01 | 5 446.00 | 632 552.90 | 0.62 |
| USD | SYNCHRONY FINANCIA COM USD0.001 | 25 135.00 | 940 300.35 | 0.92 |
| USD | SYSCO CORP COM USD1 | 13 208.00 | 1 063 904.40 | 1.04 |
| USD | T-MOBILE US INC COM USD0.0001 | 12 094.00 | 949 983.70 | 0.93 |
| USD | TARGET CORP COM STK USD0.0833 | 2 718.00 | 339 777.18 | 0.33 |
| USD | TRACTOR SUPPLY CO COM USD0.008 | 1 920.00 | 181 324.80 | 0.18 |
| USD | UNITED AIRLINES HO COM USD0.01 | 10 330.00 | 958 624.00 | 0.94 |
| USD | VALERO ENERGY CORP NEW COM | 10 636.00 | 1 015 631.64 | 0.99 |
| USD | VERIZON COMMUN COM USD0.10 | 28 962.00 | 1 744 670.88 | 1.71 |
| USD | VIACOM INC NEW CL’B’ NON-VTG USD0.001 | 14 388.00 | 346 319.16 | 0.34 |
| USD | VISA INC COM STK USD0.0001 | 5 979.00 | 1 103 185.29 | 1.08 |
| USD | VISTRA ENERGY CORP COM USD0.01 | 34 897.00 | 925 817.41 | 0.90 |
| USD | VOYA FINL INC COM USD0.01 | 16 593.00 | 967 040.04 | 0.95 |
| USD | WALMART INC COM USD0.10 | 8 300.00 | 988 447.00 | 0.97 |
| USD | WALT DISNEY CO. DISNEY COM USD0.01 | 738.00 | 111 866.04 | 0.11 |
| USD | WHIRLPOOL CORP COM | 659.00 | 94 302.90 | 0.09 |
| Total United States | 80 356 725.29 | 78.53 |
| Total Registered shares | 83 510 208.29 | 81.61 |
| Total Transferable securities and money market instruments listed on an official stock exchange | 101 777 107.95 | 99.46 |
| Total investments in securities | 101 777 107.95 | 99.46 |

UBS (Lux) Equity SICAV – USA Quantitative (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) |  |

Forward Foreign Exchange contracts
Forward Foreign Exchange contracts (Purchase/Sale)
| EUR | 763 500.00 | USD | 844 110.33 | 16.1.2020 | 657.04 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 4 500.00 | USD | 4 969.63 | 16.1.2020 | 9.35 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | 666.39 | 0.00 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 518 676.54 | 0.51 |
| Other assets and liabilities | 38 030.14 | 0.03 |
| Total net assets | 102 334 481.02 | 100.00 |

UBS (Lux) Equity SICAV – USA Quantitative (USD) Semi-Annual Report as of 30 November 2019

Translation (ENFR, 2019-11-30):
# UBS (Lux) Equity SICAV – USA Quantitative (USD)
| Données principales |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Actif net en USD |  | 102 334 481.02 | 1 099 956 849.56 | 1 300 918 926.11 |
| Catégorie F-acc | LU0399034312 |  |  |  |
| Actions en circulation |  | 4 900.0030 | 2 433 694.0740 | 2 786 315.4430 |
| Valeur nette d’inventaire par action en USD |  | 162.01 | 143.20 | 149.50 |
| Prix d’émission et de rachat par action en USD 1 |  | 162.01 | 143.20 | 149.50 |
| Catégorie (CHF hedged) F-acc 2 | LU0999556359 |  |  |  |
| Actions en circulation |  | - | 558 630.0530 | 107 323.5670 |
| Valeur nette d’inventaire par action en CHF |  | - | 130.65 | 140.89 |
| Prix d’émission et de rachat par action en CHF 1 |  | - | 130.65 | 140.89 |
| Catégorie (EUR hedged) F-acc | LU0999558058 |  |  |  |
| Actions en circulation |  | 3 650.9920 | 426 194.0280 | 499 114.2860 |
| Valeur nette d’inventaire par action en EUR |  | 154.45 | 138.39 | 148.91 |
| Prix d’émission et de rachat par action en EUR 1 |  | 154.45 | 138.39 | 148.91 |
| Catégorie P-acc | LU0246276595 |  |  |  |
| Actions en circulation |  | 22 629.4380 | 1 980 305.7450 | 2 148 692.7180 |
| Valeur nette d’inventaire par action en USD |  | 247.07 | 218.77 | 229.22 |
| Prix d’émission et de rachat par action en USD 1 |  | 247.07 | 218.77 | 229.22 |
| Catégorie (EUR hedged) P-acc | LU1157384881 |  |  |  |
| Actions en circulation |  | 1 670.9360 | 704 414.6650 | 1 174 900.4460 |
| Valeur nette d’inventaire par action en EUR |  | 131.26 | 117.83 | 127.24 |
| Prix d’émission et de rachat par action en EUR 1 |  | 131.26 | 117.83 | 127.24 |
| Catégorie Q-acc | LU0399034585 |  |  |  |
| Actions en circulation |  | 4 565.7020 | 14 011.1700 | 12 602.8080 |
| Valeur nette d’inventaire par action en USD |  | 142.97 | 126.47 | 132.23 |
| Prix d’émission et de rachat par action en USD 1 |  | 142.97 | 126.47 | 132.23 |
| Catégorie U-X-acc | LU0399035988 |  |  |  |
| Actions en circulation |  | 3 955.6310 | 4 066.6310 | 5 183.5820 |
| Valeur nette d’inventaire par action en USD |  | 23 873.11 | 21 064.33 | 21 904.25 |
| Prix d’émission et de rachat par action en USD 1 |  | 23 873.11 | 21 064.33 | 21 904.25 |
| 1  Voir note 1 2  La catégorie d’actions (CHF hedged) F-acc était en circulation jusqu’au | 20.9.2019 |  |  |  |
| Structure du portefeuille-titres |  |  |  |  |

Répartition géographique en % de l’actif net	
Etats-Unis	95.32
Irlande	2.59
Bermudes	0.93
Puerto Rico	0.62
Total	99.46
Répartition économique en % de l’actif net	
Internet, logiciels et services informatiques	14.06
Etablissements financiers et sociétés de participation	10.39
Produits pharmaceutiques, cosmétiques & médicaux	9.90
Equipement informatique et de réseau	7.75
Commerce de détail, centres commerciaux	7.61
Banques & instituts de crédit	7.23
Télécommunications	6.41
Pétrole	5.37
Assurances	5.20
Biotechnologie	3.57
Electronique et semi-conducteurs	3.15
Biens de consommation divers	2.92
Alimentation & softs	2.58
Bâtiment et matériaux de construction	1.61
Services divers	1.46
Immobilier	1.27
Industrie aéronautique et spatiale	1.26
Métaux précieux et pierres précieuses	1.05
Diverses sociétés commerciales	1.04
Machines et appareils	0.92
Véhicules	0.72
Trafic et transport	0.64
Appareils et composants électriques	0.62
Agriculture et pêche	0.60
Soins de santé & services sociaux	0.50
Restauration et loisirs	0.43
Textiles, habillement & maroquinerie	0.40
Distribution d’énergie & d’eau	0.36
Métaux non ferreux	0.34
Industrie graphique, édition et médias	0.10
Total	99.46
UBS (Lux) Equity SICAV – USA Quantitative (USD) Rapport semestriel au 30 novembre 2019

## Etat des actifs nets
Actif	30.11.2019
USD
Portefeuille-titres, cours d’achat	91 203 884.21
| Portefeuille-titres, plus-/(moins)-value non réalisée | 	10 573 223.74	 |
| --- | --- |
| Total du Portefeuille-titres (note 1) | 101 777 107.95 |
| Avoirs en banque, dépôts à vue et à terme | 518 676.54 |
| Créances sur souscriptions | 5 762.26 |
| Créances sur dividendes | 141 940.21 |
| Autres créances | 27 975.17 |
| Bénéfice/(perte) non réalisé(e) sur contrats de change à terme (note 1) | 666.39 |
| Total de l’Actif | 102 472 128.52 |
|  |  |
| Passif |  |
| Intérêts à payer sur crédit en compte courant | -108.88 |
| Engagements sur achats de titres (note 1) | -9.00 |
| Engagements sur rachats | -2 035.28 |
| Provisions pour commission de gestion forfaitaire (note 2) | -1 792.44 |
| Provisions pour taxe d’abonnement (note 3) | -2 091.48 |
| Provisions pour autres commissions et frais (note 2) | 	-131 610.42	 |
| Total des Provisions pour frais | -135 494.34 |
| Total du Passif | -137 647.50 |
|  |  |
| Actif net à la fin de la période | 102 334 481.02 |
| Etat des opérations | USD |
| Revenus | 1.6.2019-30.11.2019 |
| Revenus d’intérêts sur liquidités | 84 644.11 |
| Dividendes | 3 456 974.80 |
| Revenus sur prêts de titres (note 13) | 85 214.12 |
| Autres revenus (note 4) | 340 002.26 |
| Total des Revenus | 3 966 835.29 |
|  |  |
| Charges |  |
| Commission de gestion forfaitaire (note 2) | -1 056 004.72 |
| Taxe d’abonnement (note 3) | -35 648.02 |
| Frais sur prêts de titres (note 13) | -34 085.65 |
| Autres commissions et frais (note 2) | -38 704.14 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -174.09 |
| Total des Charges | -1 164 616.62 |
|  |  |
| Revenus/pertes net(te)s de placements | 2 802 218.67 |
|  |  |
| Bénéfices/(pertes) réalisé(e)s (note 1) |  |
| Bénéfice/(perte) réalisé(e) sur titres évalués à la valeur de marché hors options | 76 362 140.34 |
| Bénéfice/perte réalisé(e) sur contrats financiers à terme | 566 827.42 |
| Bénéfice/(perte) réalisé(e) sur contrats de change à terme | -1 596 183.22 |
| Bénéfice/(perte) de change réalisé(e) | 885 109.32 |
| Total des Bénéfices/(pertes) réalisé(e)s | 76 217 893.86 |
|  |  |
| Bénéfice/(perte) net(te) réalisé(e) au cours de la période | 79 020 112.53 |
|  |  |
| 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 | 18 048 295.11 |
| Plus-/(moins)-value non réalisée sur contrats financiers à terme | 373 282.50 |
| Plus-/(moins)-value non réalisée sur contrats de change à terme | -233 238.99 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 18 188 338.62 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 97 208 451.15 |

UBS (Lux) Equity SICAV – USA Quantitative (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 | 1 099 956 849.56 |
| Souscriptions | 59 374 884.83 |
| Rachats | 	-1 154 205 704.52	 |
| Total des Entrées/(sorties) de capitaux | -1 094 830 819.69 |
| Revenus/pertes net(te)s de placements | 2 802 218.67 |
| Total des Bénéfices/(pertes) réalisé(e)s | 76 217 893.86 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 	18 188 338.62	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 97 208 451.15 |
| Actif net à la fin de la période | 102 334 481.02 |
| Evolution des actions en circulation |  |
|  | 1.6.2019-30.11.2019 |
| Catégorie | F-acc |
| Nombre d’actions en circulation au début de la période | 2 433 694.0740 |
| Nombre d’actions émises | 86 478.7750 |
| Nombre d’actions rachetées | -2 515 272.8460 |
| Nombre d’actions en circulation à la fin de la période | 4 900.0030 |
| Catégorie | (CHF hedged) F-acc |
| Nombre d’actions en circulation au début de la période | 558 630.0530 |
| Nombre d’actions émises | 22 478.0070 |
| Nombre d’actions rachetées | -581 108.0600 |
| Nombre d’actions en circulation à la fin de la période | 0.0000 |
| Catégorie | (EUR hedged) F-acc |
| Nombre d’actions en circulation au début de la période | 426 194.0280 |
| Nombre d’actions émises | 63 002.6630 |
| Nombre d’actions rachetées | -485 545.6990 |
| Nombre d’actions en circulation à la fin de la période | 3 650.9920 |
| Catégorie | P-acc |
| Nombre d’actions en circulation au début de la période | 1 980 305.7450 |
| Nombre d’actions émises | 64 913.5110 |
| Nombre d’actions rachetées | -2 022 589.8180 |
| Nombre d’actions en circulation à la fin de la période | 22 629.4380 |
| Catégorie | (EUR hedged) P-acc |
| Nombre d’actions en circulation au début de la période | 704 414.6650 |
| Nombre d’actions émises | 123 101.1470 |
| Nombre d’actions rachetées | -825 844.8760 |
| Nombre d’actions en circulation à la fin de la période | 1 670.9360 |
| Catégorie | Q-acc |
| Nombre d’actions en circulation au début de la période | 14 011.1700 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -9 445.4680 |
| Nombre d’actions en circulation à la fin de la période | 4 565.7020 |
| Catégorie | U-X-acc |
| Nombre d’actions en circulation au début de la période | 4 066.6310 |
| Nombre d’actions émises | 5.0000 |
| Nombre d’actions rachetées | -116.0000 |
| Nombre d’actions en circulation à la fin de la période | 3 955.6310 |

UBS (Lux) Equity SICAV – USA Quantitative (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 |  |  |  |
| Bermudes |  |  |  |
| USD	GENPACT LIMITED COM STK USD0.01 | 2 600.00 | 105 820.00 | 0.10 |
| Total Bermudes |  | 105 820.00 | 0.10 |
| Irlande |  |  |  |
| USD	SEAGATE TECH PLC COM USD0.00001 | 5 906.00 | 352 470.08 | 0.34 |
| Total Irlande |  | 352 470.08 | 0.34 |
| Puerto Rico |  |  |  |
| USD	POPULAR INC COM USD0.01 | 11 431.00 | 632 248.61 | 0.62 |
| Total Puerto Rico |  | 632 248.61 | 0.62 |
| Etats-Unis |  |  |  |
| USD	AARONS INC COM USD0.50 | 8 803.00 | 514 095.20 | 0.50 |
| USD	AKAMAI TECHNOLOGIES INC COM | 4 404.00 | 383 676.48 | 0.37 |
| USD	ALPHABET INC CAP STK USD0.001 CL C | 1 019.00 | 1 329 754.24 | 1.30 |
| USD	BERKSHIRE HATHAWAY CLASS’B’COM USD0.0033 | 796.00 | 175 358.80 | 0.17 |
| USD	CADENCE DESIGN SYS COM USD0.01 | 13 553.00 | 952 098.25 | 0.93 |
| USD	CARLISLE COS INC COM | 636.00 | 99 203.28 | 0.10 |
| USD	CDW CORP COM USD0.01 | 3 067.00 | 414 198.35 | 0.40 |
| USD	DECKERS OUTDOOR CORP COM | 2 418.00 | 406 659.24 | 0.40 |
| USD	DEVON ENERGY CORP NEW COM | 30 298.00 | 663 223.22 | 0.65 |
| USD	DISCOVERY INC COM USD0.01 SER A | 30 366.00 | 1 000 256.04 | 0.98 |
| USD	EDWARDS LIFESCIENCES CORP COM | 430.00 | 105 324.20 | 0.10 |
| USD	F5 NETWORK INC COM STK NPV | 2 160.00 | 314 733.60 | 0.31 |
| USD	FIDELITY NATL FINL FNF GROUP COM USD0.0001 | 4 895.00 | 233 148.85 | 0.23 |
| USD	FORTINET INC COM USD0.001 | 3 222.00 | 338 664.42 | 0.33 |
| USD	GENTEX CORP COM | 13 168.00 | 373 971.20 | 0.36 |
| USD	HONEYWELL INTL INC COM | 7 232.00 | 1 291 273.60 | 1.26 |
| USD	JABIL INC COM USD0.001 | 3 076.00 | 119 471.84 | 0.12 |
| USD	JETBLUE AWYS CORP COM | 11 508.00 | 221 759.16 | 0.22 |
| USD	JOHNSON & JOHNSON COM USD1 | 12 401.00 | 1 705 013.49 | 1.67 |
| USD	JP MORGAN CHASE & COM USD1 | 5 455.00 | 718 750.80 | 0.70 |
| USD	LEIDOS HLDGS INC COM USD0.0001 | 1 152.00 | 104 647.68 | 0.10 |
| USD	LPL FINL HLDGS INC COM USD0.001 | 9 628.00 | 889 145.80 | 0.87 |
| USD	MASTEC INC COM | 9 548.00 | 633 414.32 | 0.62 |
| USD	MAXIMUS INC COM | 2 662.00 | 198 718.30 | 0.19 |
| USD	PEPSICO INC CAP USD0.016666 | 10 294.00 | 1 398 234.02 | 1.37 |
| USD	PILGRIMS PRIDE COR COM USD0.01 (NEW) | 19 431.00 | 612 076.50 | 0.60 |
| USD	PROGRESSIVE CP(OH) COM USD1 | 5 421.00 | 396 004.05 | 0.39 |
| USD	PULTE GROUP INC COM USD0.01 | 22 346.00 | 886 018.90 | 0.87 |
| USD	SOUTHERN CO COM | 4 301.00 | 266 618.99 | 0.26 |
| USD	STRYKER CORP COM USD0.10 | 509.00 | 104 273.74 | 0.10 |
| USD	TECH DATA CORP COM | 1 481.00 | 214 582.09 | 0.21 |
| USD	US FOODS HLDG CORP COM USD0.01 | 2 816.00 | 111 992.32 | 0.11 |
| Total Etats-Unis |  | 17 176 360.97 | 16.79 |
| Total des Actions au porteur |  | 18 266 899.66 | 17.85 |
| Actions nominatives |  |  |  |
| Bermudes |  |  |  |
| USD	RENAISSANCE RE HLG COM USD1 | 4 512.00 | 849 744.96 | 0.83 |
| Total Bermudes |  | 849 744.96 | 0.83 |
| Irlande |  |  |  |
| USD	ACCENTURE PLC SHS CL A ‘NEW’ | 6 455.00 | 1 298 487.80 | 1.27 |
| USD	JAZZ PHARMA PLC COM USD0.0001 | 6 652.00 | 1 005 250.24 | 0.98 |
| Total Irlande |  | 2 303 738.04 | 2.25 |
| Etats-Unis |  |  |  |
| USD	ABBVIE INC COM USD0.01 | 3 831.00 | 336 093.63 | 0.33 |
| USD	AGCO CORP COM USD0.01 | 2 846.00 | 222 357.98 | 0.22 |
| USD	ALEXION PHARMACEUT COM USD0.0001 | 1 020.00 | 116 218.80 | 0.11 |
| USD	ALLSTATE CORP COM | 9 023.00 | 1 004 711.05 | 0.98 |
| USD	ALLY FINANCIAL INC COM USD0.01 | 7 496.00 | 238 672.64 | 0.23 |
| USD	ALPHABET INC CAP STK USD0.001 CL A | 786.00 | 1 025 014.74 | 1.00 |
| USD	AMAZON COM INC COM USD0.01 | 1 032.00 | 1 858 425.60 | 1.82 |
| USD	AMER INTL GRP COM USD2.50 | 19 550.00 | 1 029 503.00 | 1.01 |
| USD	AMER TOWER CORP COM NEW USD0.01 | 5 664.00 | 1 212 265.92 | 1.18 |
| USD	AMERIPRISE FINL INC COM | 4 840.00 | 793 130.80 | 0.78 |
| USD	AMERISOURCEBERGEN COM STK USD0.01 | 10 533.00 | 925 956.03 | 0.91 |
| USD	AMGEN INC COM USD0.0001 | 6 239.00 | 1 464 418.08 | 1.43 |
| USD	ANTHEM INC COM USD0.01 | 1 779.00 | 513 526.14 | 0.50 |
| USD	APPLE INC COM NPV | 17 861.00 | 4 773 352.25 | 4.66 |
| USD	ARCONIC INC COM USD1.00 | 11 110.00 | 343 965.60 | 0.34 |
| USD	AT&T INC COM USD1 | 37 700.00 | 1 409 226.00 | 1.38 |
| USD	ATHENE HOLDING LTD COM USD0.001 CL A | 13 099.00 | 589 716.98 | 0.58 |
| USD	AXA EQUITABLE HLD COM USD0.01 | 4 285.00 | 106 010.90 | 0.10 |
| USD	BAXTER INTL INC COM USD1 | 4 166.00 | 341 487.02 | 0.33 |
| USD	BEST BUY CO INC COM USD0.10 | 12 737.00 | 1 027 111.68 | 1.00 |
| USD	BIOGEN INC COM STK USD0.0005 | 3 706.00 | 1 111 095.86 | 1.09 |
| USD	BK OF AMERICA CORP COM USD0.01 | 28 258.00 | 941 556.56 | 0.92 |

UBS (Lux) Equity SICAV – USA Quantitative (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 | BRISTOL-MYRS SQUIB COM STK USD0.10 | 20 832.00 | 1 186 174.08 | 1.16 |
| USD | BUNGE LIMITED COM USD0.01 | 1 809.00 | 96 564.42 | 0.09 |
| USD | CARDINAL HEALTH INC COM | 3 235.00 | 178 022.05 | 0.17 |
| USD | CBRE GROUP INC CLASS ‘A’ USD0.01 | 16 696.00 | 952 005.92 | 0.93 |
| USD | CHEVRON CORP COM USD0.75 | 14 232.00 | 1 666 994.16 | 1.63 |
| USD | CHURCH & DWIGHT INC COM | 3 988.00 | 280 117.12 | 0.27 |
| USD | CISCO SYSTEMS COM USD0.001 | 10 971.00 | 497 096.01 | 0.49 |
| USD | CIT GROUP INC COM NEW USD0.01 | 8 863.00 | 403 443.76 | 0.39 |
| USD | CITIGROUP INC COM USD0.01 | 20 021.00 | 1 503 977.52 | 1.47 |
| USD | CONOCOPHILLIPS COM USD0.01 | 7 855.00 | 470 828.70 | 0.46 |
| USD | CORTEVA INC COM USD0.01 | 23 781.00 | 618 781.62 | 0.60 |
| USD | CROWN CASTLE INTL COM USD0.01 | 800.00 | 106 928.00 | 0.10 |
| USD | CUMMINS INC COM | 3 321.00 | 607 278.06 | 0.59 |
| USD | CVS HEALTH CORP COM STK USD0.01 | 7 982.00 | 600 805.14 | 0.59 |
| USD | DANAHER CORP COM USD0.01 | 772.00 | 112 696.56 | 0.11 |
| USD | DARDEN RESTAURANTS INC COM | 3 754.00 | 444 623.76 | 0.43 |
| USD | DAVITA INC COM USD0.001 | 13 095.00 | 939 828.15 | 0.92 |
| USD | DELL TECHNOLOGIES COM USD0.01 CL C | 2 338.00 | 113 369.62 | 0.11 |
| USD | DELTA AIRLINES INC COM USD0.0001 | 4 398.00 | 252 049.38 | 0.25 |
| USD | DISCOVER FINL SVCS COM STK USD0.01 | 10 668.00 | 905 393.16 | 0.89 |
| USD | DOLLAR GENERAL CP COM USD0.875 | 2 096.00 | 329 826.56 | 0.32 |
| USD | EBAY INC COM USD0.001 | 24 230.00 | 860 649.60 | 0.84 |
| USD | ESTEE LAUDER COS CLASS’A’COM USD0.01 | 2 733.00 | 534 219.51 | 0.52 |
| USD | EVERGY INC COM NPV | 6 567.00 | 415 494.09 | 0.41 |
| USD | EXPEDIA GROUP INC COM USD0.001 | 7 409.00 | 753 198.94 | 0.74 |
| USD | EXXON MOBIL CORP COM NPV | 16 706.00 | 1 138 179.78 | 1.11 |
| USD | FACEBOOK INC COM USD0.000006 CL ‘A’ | 13 579.00 | 2 738 069.56 | 2.68 |
| USD | FLEETCOR TECHNOLOG COM STK USD0.001 | 858.00 | 263 337.36 | 0.26 |
| USD | GENERAL MOTORS CO COM USD0.01 | 10 026.00 | 360 936.00 | 0.35 |
| USD | GILEAD SCIENCES COM USD0.001 | 14 327.00 | 963 347.48 | 0.94 |
| USD | GLOBAL PAYMENTS COM NPV | 2 771.00 | 501 828.10 | 0.49 |
| USD | HARTFORD FINL SVCS COM USD0.01 | 5 941.00 | 367 510.26 | 0.36 |
| USD | HCA HEALTHCARE INC COM USD0.01 | 3 674.00 | 509 436.84 | 0.50 |
| USD | HERSHEY COMPANY COM USD1.00 | 6 998.00 | 1 036 823.68 | 1.01 |
| USD | HEWLETT PACKARD EN COM USD0.01 | 17 343.00 | 274 539.69 | 0.27 |
| USD | HOLLYFRONTIER CORP COM USD0.01 | 10 406.00 | 536 429.30 | 0.52 |
| USD | HOME DEPOT INC COM USD0.05 | 466.00 | 102 757.66 | 0.10 |
| USD | HP INC COM USD0.01 | 5 140.00 | 103 211.20 | 0.10 |
| USD | INTEL CORP COM USD0.001 | 32 840.00 | 1 906 362.00 | 1.86 |
| USD | INTUIT INC COM USD0.01 | 3 511.00 | 908 962.79 | 0.89 |
| USD | JACOBS ENG GROUP COM USD1 | 1 061.00 | 97 707.49 | 0.10 |
| USD | JOHNSON CTLS INTL COM USD0.01 | 15 243.00 | 652 857.69 | 0.64 |
| USD | JONES LANG LASALLE INC COM | 1 428.00 | 237 519.24 | 0.23 |
| USD | KROGER CO COM USD1 | 34 728.00 | 949 463.52 | 0.93 |
| USD | L3HARRIS TECHNOLOG COM USD1.00 | 5 509.00 | 1 107 804.81 | 1.08 |
| USD | LAM RESEARCH CORP COM USD0.001 | 1 347.00 | 359 420.01 | 0.35 |
| USD | LINCOLN NATL CORP COM NPV | 5 314.00 | 313 791.70 | 0.31 |
| USD | MASTERCARD INC COM USD0.0001 CLASS ‘A’ | 430.00 | 125 658.90 | 0.12 |
| USD | MEDTRONIC PLC USD0.0001 | 12 213.00 | 1 360 406.07 | 1.33 |
| USD | MERCK & CO INC COM USD0.50 | 20 046.00 | 1 747 610.28 | 1.71 |
| USD | METLIFE INC COM USD0.01 | 20 352.00 | 1 015 768.32 | 0.99 |
| USD | MICRON TECHNOLOGY COM USD0.10 | 13 133.00 | 623 948.83 | 0.61 |
| USD | MICROSOFT CORP COM USD0.0000125 | 32 864.00 | 4 974 952.32 | 4.86 |
| USD | NETAPP INC COM USD0.001 | 10 022.00 | 607 232.98 | 0.59 |
| USD | NEWMONT GOLDCORP C COM USD1.60 | 27 949.00 | 1 073 241.60 | 1.05 |
| USD | NRG ENERGY INC COM USD0.01 | 2 620.00 | 104 092.60 | 0.10 |
| USD | NVR INC COM STK USD0.01 | 174.00 | 659 788.86 | 0.64 |
| USD | OMNICOM GROUP INC COM USD0.15 | 1 276.00 | 101 416.48 | 0.10 |
| USD | PAYCHEX INC COM | 1 913.00 | 164 747.56 | 0.16 |
| USD | PAYPAL HOLDINGS IN COM USD0.0001 | 3 577.00 | 386 351.77 | 0.38 |
| USD | PHILLIPS 66 COM USD0.01 | 1 621.00 | 185 961.12 | 0.18 |
| USD | PROCTER & GAMBLE COM NPV | 16 071.00 | 1 961 626.26 | 1.92 |
| USD | REINSURANCE GROUP COM USD0.01 | 2 079.00 | 343 991.34 | 0.34 |
| USD | ROBERT HALF INTL COM USD0.001 | 15 665.00 | 911 703.00 | 0.89 |
| USD | ROSS STORES INC COM USD0.01 | 5 446.00 | 632 552.90 | 0.62 |
| USD | SYNCHRONY FINANCIA COM USD0.001 | 25 135.00 | 940 300.35 | 0.92 |
| USD | SYSCO CORP COM USD1 | 13 208.00 | 1 063 904.40 | 1.04 |
| USD | T-MOBILE US INC COM USD0.0001 | 12 094.00 | 949 983.70 | 0.93 |
| USD | TARGET CORP COM STK USD0.0833 | 2 718.00 | 339 777.18 | 0.33 |
| USD | TRACTOR SUPPLY CO COM USD0.008 | 1 920.00 | 181 324.80 | 0.18 |
| USD | UNITED AIRLINES HO COM USD0.01 | 10 330.00 | 958 624.00 | 0.94 |
| USD | VALERO ENERGY CORP NEW COM | 10 636.00 | 1 015 631.64 | 0.99 |
| USD | VERIZON COMMUN COM USD0.10 | 28 962.00 | 1 744 670.88 | 1.71 |
| USD | VIACOM INC NEW CL’B’ NON-VTG USD0.001 | 14 388.00 | 346 319.16 | 0.34 |
| USD | VISA INC COM STK USD0.0001 | 5 979.00 | 1 103 185.29 | 1.08 |
| USD | VISTRA ENERGY CORP COM USD0.01 | 34 897.00 | 925 817.41 | 0.90 |
| USD | VOYA FINL INC COM USD0.01 | 16 593.00 | 967 040.04 | 0.95 |
| USD | WALMART INC COM USD0.10 | 8 300.00 | 988 447.00 | 0.97 |
| USD | WALT DISNEY CO. DISNEY COM USD0.01 | 738.00 | 111 866.04 | 0.11 |
| USD | WHIRLPOOL CORP COM | 659.00 | 94 302.90 | 0.09 |
| Total Etats-Unis | 80 356 725.29 | 78.53 |
| Total des Actions nominatives | 83 510 208.29 | 81.61 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle | 101 777 107.95 | 99.46 |
| Total du Portefeuille-titres | 101 777 107.95 | 99.46 |

UBS (Lux) Equity SICAV – USA Quantitative (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) |  |

Contrats de change à terme
Contrats de change à terme (achat/vente)
| EUR | 763 500.00 | USD | 844 110.33 | 16.1.2020 | 657.04 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 4 500.00 | USD | 4 969.63 | 16.1.2020 | 9.35 | 0.00 |
| Total des Contrats de change à terme (achat/vente) | 666.39 | 0.00 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 518 676.54 | 0.51 |
| Autres actifs et passifs | 38 030.14 | 0.03 |
| Total de l’Actif net | 102 334 481.02 | 100.00 |

UBS (Lux) Equity SICAV – USA Quantitative (USD) Rapport semestriel au 30 novembre 2019