# UBS (Lux) Key Selection SICAV – Global Allocation (CHF)
| Most important figures |  |
| --- | --- |
|  | ISIN | 31.3.2021 | 30.9.2020 | 30.9.2019 |
| Net assets in CHF |  | 121 302 896.91 | 114 427 180.47 | 132 370 555.56 |
| Class K-1-acc | LU0423409522 |  |  |  |
| Shares outstanding |  | 0.2000 | 0.2000 | 0.2000 |
| Net asset value per share in CHF |  | 6 632 439.60 | 5 893 125.85 | 5 803 180.90 |
| Issue and redemption price per share in CHF 1 |  | 6 632 439.60 | 5 893 125.85 | 5 799 118.67 |
| Class P-acc | LU0197216715 |  |  |  |
| Shares outstanding |  | 6 777 081.0610 | 7 087 899.3430 | 8 379 022.3190 |
| Net asset value per share in CHF |  | 14.39 | 12.83 | 12.73 |
| Issue and redemption price per share in CHF 1 |  | 14.39 | 12.83 | 12.72 |
| Class Q-acc | LU0423410538 |  |  |  |
| Shares outstanding |  | 177 036.7920 | 198 049.9150 | 222 008.0240 |
| Net asset value per share in CHF |  | 126.80 | 112.51 | 110.48 |
| Issue and redemption price per share in CHF 1 |  | 126.80 | 112.51 | 110.40 |
| 1  See note 1 |  |  |  |  |

UBS (Lux) Key Selection SICAV – Global Allocation (CHF) Semi-Annual Report as of 31 March 2021

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| Luxembourg | 69.91 |
| --- | --- |
| Ireland | 12.58 |
| United States | 7.63 |
| Australia | 4.07 |
| Canada | 3.87 |
| Italy | 0.96 |
| Total | 99.02 |

Economic Breakdown as a % of net assets	
| Investment funds | 78.61 |
| --- | --- |
| Countries & central governments | 16.43 |
| Mortgage & funding institutions | 3.88 |
| Cantons, federal states | 0.10 |
| Total | 99.02 |


## Statement of Net Assets
Assets	31.3.2021
CHF
Investments in securities, cost	104 759 113.75
| Investments in securities, unrealized appreciation (depreciation) | 	15 356 513.89	 |
| --- | --- |
| Total investments in securities (Note 1) | 120 115 627.64 |
| Cash at banks, deposits on demand and deposit accounts | 1 573 595.72 |
| Other liquid assets (Margins) | 1 854 310.46 |
| Receivable on securities sales (Note 1) | 927 819.96 |
| Receivable on subscriptions | 4 199.08 |
| Interest receivable on securities | 136 522.87 |
| Interest receivable on liquid assets | 947.21 |
| Other receivables | 28 929.04 |
| Unrealized gain on financial futures (Note 1) | 93 175.16 |
| Unrealized gain on swaps (Note 1) | 440 756.67 |
| Total Assets | 125 175 883.81 |
|  |  |
| Liabilities |  |
| Unrealized loss on forward foreign exchange contracts (Note 1) | -2 033 601.53 |
| Bank overdraft | -319 649.51 |
| Interest payable on bank overdraft | -327.78 |
| Payable on securities purchases (Note 1) | -1 221 410.44 |
| Payable on redemptions | -184 116.80 |
| Provisions for flat fee (Note 2) | -97 961.22 |
| Provisions for taxe d’abonnement (Note 3) | -4 562.08 |
| Provisions for other commissions and fees (Note 2) | 	-11 357.54	 |
| Total provisions | -113 880.84 |
| Total Liabilities | -3 872 986.90 |
|  |  |
| Net assets at the end of the period | 121 302 896.91 |
| Statement of Operations | CHF |
| Income | 1.10.2020-31.3.2021 |
| Interest on liquid assets | 1 315.70 |
| Interest on securities | 242 645.96 |
| Interest received on swaps (Note 1) | 224 048.54 |
| Income on securities lending (Note 14) | 11 459.60 |
| Other income (Note 4) | 259.46 |
| Total income | 479 729.26 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -4 965.29 |
| Flat fee (Note 2) | -1 103 790.18 |
| Taxe d’abonnement (Note 3) | -9 202.09 |
| Cost on securities lending (Note 14) | -4 583.84 |
| Other commissions and fees (Note 2) | -11 072.38 |
| Interest on cash and bank overdraft | -3 775.19 |
| Total expenses | -1 137 388.97 |
|  |  |
| Net income (loss) on investments | -657 659.71 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 2 731 908.36 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | -14 758.33 |
| Realized gain (loss) on financial futures | 1 668 530.86 |
| Realized gain (loss) on forward foreign exchange contracts | -1 712 375.15 |
| Realized gain (loss) on swaps | 574 668.83 |
| Realized gain (loss) on foreign exchange | 1 140 502.61 |
| Total realized gain (loss) | 4 388 477.18 |
|  |  |
| Net realized gain (loss) of the period | 3 730 817.47 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 12 366 461.01 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | -52 438.53 |
| Unrealized appreciation (depreciation) on financial futures | -31 626.18 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -2 162 460.62 |
| Unrealized appreciation (depreciation) on swaps | -44 863.37 |
| Total changes in unrealized appreciation (depreciation) | 10 075 072.31 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 13 805 889.78 |

UBS (Lux) Key Selection SICAV – Global Allocation (CHF) Semi-Annual Report as of 31 March 2021
| Changes in Net Assets |  |
| --- | --- |
|  | CHF |
|  | 1.10.2020-31.3.2021 |
| Net assets at the beginning of the period | 114 427 180.47 |
| Subscriptions | 1 387 423.67 |
| Redemptions | 	-8 317 597.01	 |
| Total net subscriptions (redemptions) | -6 930 173.34 |
| Net income (loss) on investments | -657 659.71 |
| Total realized gain (loss) | 4 388 477.18 |
| Total changes in unrealized appreciation (depreciation) | 	10 075 072.31	 |
| Net increase (decrease) in net assets as a result of operations | 13 805 889.78 |
| Net assets at the end of the period | 121 302 896.91 |
| Changes in the Number of Shares outstanding |  |
|  | 1.10.2020-31.3.2021 |
| Class | K-1-acc |
| Number of shares outstanding at the beginning of the period | 0.2000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 0.2000 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 7 087 899.3430 |
| Number of shares issued | 54 062.8870 |
| Number of shares redeemed | -364 881.1690 |
| Number of shares outstanding at the end of the period | 6 777 081.0610 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 198 049.9150 |
| Number of shares issued | 5 134.7680 |
| Number of shares redeemed | -26 147.8910 |
| Number of shares outstanding at the end of the period | 177 036.7920 |

UBS (Lux) Key Selection SICAV – Global Allocation (CHF) Semi-Annual Report as of 31 March 2021

## Statement of Investments in Securities and other Net Assets as of 31 March 2021
| Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Certificates on commodities |  |  |  |
| Ireland |  |  |  |
| USD	ISHARES PHYSICAL GOLD ETC 11-PRP | 150 302.00 | 4 706 972.60 | 3.88 |
| Total Ireland |  | 4 706 972.60 | 3.88 |
| Total Certificates on commodities |  | 4 706 972.60 | 3.88 |
| Notes, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	AUSTRALIA 5.50000% 11-21.04.23	335 000.00 | 266 885.87 | 0.22 |
| Total AUD | 266 885.87 | 0.22 |
| Total Notes, fixed rate | 266 885.87 | 0.22 |
| Bonds, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	AUSTRALIA 2.75000% 12-21.04.24 | 1 500 000.00 | 1 161 700.42 | 0.96 |
| AUD	AUSTRALIA-REG-S 1.00000% 20-21.12.30 | 1 200 000.00 | 803 316.36 | 0.66 |
| AUD	AUSTRALIA-REG-S 1.75000% 20-21.06.51 | 140 000.00 | 80 286.62 | 0.07 |
| AUD	AUSTRALIA-REG-S 2.25000% 16-21.05.28 | 500 000.00 | 382 556.18 | 0.31 |
| AUD	AUSTRALIA-REG-S 2.75000% 14-21.06.35 | 700 000.00 | 538 719.79 | 0.44 |
| AUD	AUSTRALIA-REG-S 2.75000% 16-21.11.27 | 870 000.00 | 687 506.31 | 0.57 |
| AUD	AUSTRALIA-REG-S 3.00000% 16-21.03.47 | 250 000.00 | 190 582.77 | 0.16 |
| AUD	AUSTRALIA-REG-S 3.25000% 13-21.04.25 | 880 000.00 | 700 625.46 | 0.58 |
| AUD	QUEENSLAND TREASURY CORP-REG-S 4.25000% 12-21.07.23 | 160 000.00 | 125 355.24 | 0.10 |
| Total AUD |  | 4 670 649.15 | 3.85 |
| CAD |  |  |  |
| CAD	CANADA, GOVERNMENT 0.75000% 16-01.09.21 | 980 000.00 | 735 799.50 | 0.61 |
| CAD	CANADA, GOVERNMENT 0.50000% 16-01.03.22 | 1 120 000.00 | 841 458.87 | 0.69 |
| CAD	CANADA, GOVERNMENT 2.75000% 14-01.12.64 | 350 000.00 | 320 564.97 | 0.26 |
| CAD	CANADA, GOVERNMENT 2.75000% 14-01.12.48 | 400 000.00 | 348 858.62 | 0.29 |
| CAD	CANADA, GOVERNMENT 2.25000% 14-01.06.25 | 880 000.00 | 698 403.76 | 0.57 |
| CAD	CANADA, GOVERNMENT 3.25000% 10-01.06.21 | 1 300 000.00 | 978 659.71 | 0.81 |
| CAD	CANADA, GOVERNMENT 3.50000% 11-01.12.45 | 375 000.00 | 364 789.69 | 0.30 |
| CAD	CANADA, GOVERNMENT 5.75000% 01-01.06.33 | 380 000.00 | 410 204.81 | 0.34 |
| Total CAD |  | 4 698 739.93 | 3.87 |
| EUR |  |  |  |
| EUR	ITALY, REPUBLIC OF-BTP 4.00000% 05-01.02.37 | 225 000.00 | 351 816.85 | 0.29 |
| EUR	ITALY, REPUBLIC OF-BTP 2.20000% 17-01.06.27 | 650 000.00 | 807 637.92 | 0.67 |
| Total EUR |  | 1 159 454.77 | 0.96 |
| Total Bonds, fixed rate |  | 10 528 843.85 | 8.68 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.00000% 07-15.05.37 | 550 000.00 | 726 808.60 | 0.60 |
| USD	AMERICA, UNITED STATES OF 3.62500% 14-15.02.44 | 965 000.00 | 1 116 530.36 | 0.92 |
| USD	AMERICA, UNITED STATES OF 1.37500% 20-15.08.50 | 980 000.00 | 719 703.29 | 0.59 |
| USD	AMERICA, UNITED STATES OF 1.87500% 17-30.09.22 | 1 420 000.00 | 1 371 253.35 | 1.13 |
| USD	AMERICA, UNITED STATES OF 2.37500% 14-15.08.24 | 1 790 000.00 | 1 792 910.96 | 1.48 |
| USD	AMERICA, UNITED STATES OF 2.00000% 15-15.02.25 | 1 705 000.00 | 1 690 096.41 | 1.39 |
| USD	AMERICA, UNITED STATES OF 2.50000% 14-15.05.24 | 1 835 000.00 | 1 840 615.14 | 1.52 |
| Total USD |  | 9 257 918.11 | 7.63 |
| Total Treasury notes, fixed rate | 9 257 918.11 | 7.63 |
| Total Transferable securities and money market instruments listed on an official stock exchange | 24 760 620.43 | 20.41 |
| 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	ISHARES EDGE MSCI WORLD VALUE FACTOR-ETF-ACCUM	198 173.00 | 6 697 592.74 | 5.52 |
| USD	X-TRACKERS S&P 500 EQUAL WEIGHT UCITS ETF-1C-USD-ACC	55 672.00 | 3 851 084.16 | 3.18 |
| Total Ireland | 10 548 676.90 | 8.70 |
| Luxembourg |  |  |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC	300.00 | 6 032 780.91 | 4.97 |
| USD	UBS (LUX) BOND SICAV - ASIAN HIGH YIELD U-X-ACC	407.00 | 4 803 958.81 | 3.96 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND-GLOBAL BONDS (USD)-U-X ACC	452.00 | 5 988 387.02 | 4.94 |
| EUR	UBS (LUX) EQUITY FUND - EUROPEAN OPP SUST (EUR) U-X-ACC	137.00 | 4 954 751.12 | 4.09 |
| USD	UBS (LUX) EQUITY FUND - MID CAPS USA U-X-ACC	343.00 | 4 104 572.82 | 3.38 |
| USD	UBS (LUX) EQUITY FUND - SMALL CAPS USA (USD) U-X-ACC	236.00 | 3 167 075.35 | 2.61 |
| USD	UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) U-X-ACC	232.00 | 2 326 109.60 | 1.92 |
| USD	UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC	290.00 | 10 754 436.91 | 8.87 |
| USD	UBS (LUX) EQUITY SICAV - US OPP (USD)-U-X-ACC	451.00 | 5 584 101.60 | 4.60 |
| USD	UBS (LUX) EQUITY SICAV - GLOB OPPORT UNCONST USD-U-X-ACC	594.00 | 10 107 817.90 | 8.33 |

UBS (Lux) Key Selection SICAV – Global Allocation (CHF) Semi-Annual Report as of 31 March 2021
|  | Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| EUR | UBS (LUX) KEY SELE SICAV-EURO EQUITY VALUE OPP (EUR) I-B-ACC | 30 453.00 | 3 674 032.37 | 3.03 |
| USD | UBS (LUX) KEY SELECTION SICAV - GLOBAL EQUITIES (USD) U-X-AC | 1 702.00 | 20 916 743.41 | 17.24 |
| CHF | UBS (LUX) MONEY MARKET FUND - CHF U-X-ACC | 1.00 | 9 567.70 | 0.01 |
| USD | UBS LUX BOND SICAV-CHINA FIXED INCOME (RMB)(USD HGD) U-X-ACC | 245.00 | 2 381 994.79 | 1.96 |
| Total Luxembourg | 84 806 330.31 | 69.91 |
| Total Investment funds, open end | 95 355 007.21 | 78.61 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 95 355 007.21 | 78.61 |
| Total investments in securities | 120 115 627.64 | 99.02 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange |
| Financial Futures on bonds |
|  |  |  |  |
| EUR	EURO-BUND FUTURE 08.06.21 | 9.00 | -6 371.33 | -0.01 |
| GBP	LONG GILT FUTURE 28.06.21 | -22.00 | 21 633.09 | 0.02 |
| USD	US 10YR TREASURY NOTE FUTURE 21.06.21 | -23.00 | 72 130.33 | 0.06 |
| USD	US 5YR TREASURY NOTE FUTURE 30.06.21 | 35.00 | -49 667.70 | -0.04 |
| USD	US 2YR TREASURY NOTE FUTURE 30.06.21 | 82.00 | -16 279.00 | -0.01 |
| Total Financial Futures on bonds |  | 21 445.39 | 0.02 |
| Financial Futures on Indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 18.06.21 | -182.00 | -149 029.38 | -0.12 |
| EUR	DAX INDEX FUTURE 18.06.21 | 9.00 | 113 364.87 | 0.09 |
| EUR	EURO STOXX BANKS PRICE INDEX FUTURE 18.06.21 | 763.00 | 13 484.32 | 0.01 |
| CHF	SWISS MARKET INDEX FUTURE 18.06.21 | -21.00 | -40 320.00 | -0.03 |
| GBP	FTSE 100 INDEX FUTURE 18.06.21 | 44.00 | -34 851.86 | -0.03 |
| SEK	OMX 30 INDEX FUTURE 16.04.21 | -75.00 | -22 456.28 | -0.02 |
| USD	S&P500 EMINI FUTURE 18.06.21 | -30.00 | -12 987.87 | -0.01 |
| JPY	TOPIX INDX FUTURE 10.06.21 | 37.00 | 244 230.55 | 0.20 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 18.06.21 | -70.00 | -16 672.47 | -0.01 |
| CAD	S&P/TSX 60 INDEX FUTURE 17.06.21 | 9.00 | -2 884.44 | 0.00 |
| USD	E-MINI RUSSELL 1000 VALUE INDEX FUTURE 18.06.21 | 40.00 | -20 147.67 | -0.02 |
| Total Financial Futures on Indices | 71 729.77 | 0.06 |
| Total Derivative instruments listed on an official stock exchange | 93 175.16 | 0.08 |
| Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  |  |
| Credit default swaps* |  |  |
|  |  |  |
| USD	ICE/MARKIT CDX.NA.H CDI REC 5.00000% 21-20.06.26	5 100 000.00 | 440 756.67 | 0.36 |
| Total Credit default swaps | 440 756.67 | 0.36 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market | 440 756.67 | 0.36 |
| Total Derivative instruments | 533 931.83 | 0.44 |
| Forward Foreign Exchange contracts |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |

| CHF | 3 461 600.73 | GBP | 2 708 484.85 | 20.5.2021 | -51 335.98 | -0.04 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 5 355 811.04 | CAD | 7 389 546.52 | 20.5.2021 | -170 740.82 | -0.14 |
| CHF | 11 237 383.35 | AUD | 15 706 069.54 | 20.5.2021 | -8 908.16 | -0.02 |
| NOK | 31 818 992.46 | CHF | 3 441 382.59 | 20.5.2021 | 62 155.85 | 0.05 |
| CHF | 608 873.38 | DKK | 4 090 000.00 | 20.5.2021 | 856.17 | 0.00 |
| CHF | 1 927 718.60 | JPY | 225 391 133.00 | 20.5.2021 | 9 587.54 | 0.01 |
| CHF | 2 375 465.60 | HKD | 20 170 000.00 | 20.5.2021 | -63 356.25 | -0.05 |
| CHF | 1 258 562.69 | SEK | 11 514 245.20 | 20.5.2021 | 16 360.90 | 0.01 |
| CHF | 59 316 067.21 | USD | 64 943 606.02 | 20.5.2021 | -1 725 743.89 | -1.42 |
| CHF | 11 101 039.28 | EUR | 10 026 807.26 | 20.5.2021 | 13 323.55 | 0.01 |
| CHF | 40 521.69 | ZAR | 666 387.34 | 20.5.2021 | -1 624.38 | 0.00 |
| CHF | 5 101 195.95 | NZD | 7 650 000.00 | 20.5.2021 | 65 948.88 | 0.05 |
| MXN | 20 270 000.00 | CHF | 891 134.65 | 20.5.2021 | 35 117.43 | 0.03 |
| PLN | 4 940 000.00 | CHF | 1 204 183.24 | 20.5.2021 | -27 218.32 | -0.02 |
| AUD | 700 000.00 | CHF | 502 271.14 | 20.5.2021 | -1 037.90 | 0.00 |
| EUR | 180 000.00 | CHF | 200 225.56 | 20.5.2021 | -1 180.26 | 0.00 |
| CHF | 2 123 248.68 | USD | 2 300 000.00 | 20.5.2021 | -38 567.92 | -0.03 |
| JPY | 52 000 000.00 | CHF | 446 694.72 | 20.5.2021 | -4 162.60 | 0.00 |
| EUR | 1 000 000.00 | CHF | 1 113 985.20 | 20.5.2021 | -8 177.99 | -0.02 |
| AUD | 950 000.00 | CHF | 684 741.19 | 20.5.2021 | -4 496.08 | 0.00 |
| USD | 580 000.00 | CHF | 538 960.94 | 20.5.2021 | 6 192.81 | 0.01 |
| CHF | 612 463.62 | AUD | 860 000.00 | 20.5.2021 | -3 337.21 | 0.00 |
| NOK | 10 894 505.02 | JPY | 139 810 000.00 | 20.5.2021 | 9 769.08 | 0.01 |
| EUR | 2 158 473.63 | JPY | 279 630 000.00 | 20.5.2021 | 7 144.83 | 0.01 |
| CHF | 554 780.95 | EUR | 500 000.00 | 20.5.2021 | 1 877.35 | 0.00 |
| USD | 130 000.00 | CHF | 120 775.63 | 20.5.2021 | 1 414.00 | 0.00 |
| AUD | 500 000.00 | CHF | 359 493.50 | 20.5.2021 | -1 469.76 | 0.00 |
| CHF | 68 175.17 | JPY | 8 000 000.00 | 20.5.2021 | 93.31 | 0.00 |
| EUR | 70 000.00 | CHF | 77 278.86 | 20.5.2021 | 127.64 | 0.00 |
| EUR | 380 000.00 | CHF | 420 480.94 | 20.5.2021 | -274.20 | 0.00 |

* Positive nominal: the subfund is “Receiver of protection”, negative nominal: the subfund is “Seller of protection”.
UBS (Lux) Key Selection SICAV – Global Allocation (CHF) Semi-Annual Report as of 31 March 2021
| Description	Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |

Forward Foreign Exchange contracts (Continued)
Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date
| USD | 220 000.00 | CHF | 204 265.91 | 20.5.2021 | 2 516.55 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 5 551 185.29 | TWD | 156 660 000.00 | 11.6.2021 | 7 816.40 | 0.01 |
| USD | 2 767 377.41 | KRW | 3 125 310 000.00 | 11.6.2021 | -3 695.83 | 0.00 |
| BRL | 20 730 000.00 | USD | 3 741 336.99 | 11.6.2021 | -81 012.62 | -0.08 |
| COP | 11 668 210 000.00 | USD | 3 252 471.78 | 11.6.2021 | -77 634.21 | -0.06 |
| JPY | 26 000 000.00 | CHF | 223 311.89 | 20.5.2021 | -2 045.83 | 0.00 |
| USD | 360 000.00 | CHF | 336 501.94 | 20.5.2021 | 1 869.35 | 0.00 |
| CHF | 291 200.59 | GBP | 227 000.00 | 20.5.2021 | -3 221.08 | 0.00 |
| AUD | 1 690 000.00 | USD | 1 289 072.85 | 20.5.2021 | -1 507.49 | 0.00 |
| AUD | 1 690 000.00 | EUR | 1 091 949.23 | 20.5.2021 | 2 636.11 | 0.00 |
| USD | 1 276 145.47 | PHP | 62 110 000.00 | 11.6.2021 | 4 551.41 | 0.00 |
| USD | 1 100 000.00 | CHF | 1 035 860.54 | 20.5.2021 | -1 948.25 | 0.00 |
| CHF | 1 105 971.40 | EUR | 1 000 000.00 | 20.5.2021 | 164.19 | 0.00 |
| AUD | 630 000.00 | CHF | 451 537.76 | 20.5.2021 | -427.85 | 0.00 |
| Total Forward Foreign Exchange contracts | -2 033 601.53 | -1.68 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 3 427 906.18 | 2.83 |
| Bank overdraft and other short-term liabilities | -319 649.51 | -0.26 |
| Other assets and liabilities | -421 317.70 | -0.35 |
| Total net assets | 121 302 896.91 | 100.00 |

UBS (Lux) Key Selection SICAV – Global Allocation (CHF) Semi-Annual Report as of 31 March 2021

Translation (ENFR, 2021-03-31):
# UBS (Lux) Key Selection SICAV – Global Allocation (CHF)
| Données principales |  |
| --- | --- |
|  | ISIN | 31.3.2021 | 30.9.2020 | 30.9.2019 |
| Actif net en CHF |  | 121 302 896.91 | 114 427 180.47 | 132 370 555.56 |
| Catégorie K-1-acc | LU0423409522 |  |  |  |
| Actions en circulation |  | 0.2000 | 0.2000 | 0.2000 |
| Valeur nette d’inventaire par action en CHF |  | 6 632 439.60 | 5 893 125.85 | 5 803 180.90 |
| Prix d’émission et de rachat par action en CHF 1 |  | 6 632 439.60 | 5 893 125.85 | 5 799 118.67 |
| Catégorie P-acc | LU0197216715 |  |  |  |
| Actions en circulation |  | 6 777 081.0610 | 7 087 899.3430 | 8 379 022.3190 |
| Valeur nette d’inventaire par action en CHF |  | 14.39 | 12.83 | 12.73 |
| Prix d’émission et de rachat par action en CHF 1 |  | 14.39 | 12.83 | 12.72 |
| Catégorie Q-acc | LU0423410538 |  |  |  |
| Actions en circulation |  | 177 036.7920 | 198 049.9150 | 222 008.0240 |
| Valeur nette d’inventaire par action en CHF |  | 126.80 | 112.51 | 110.48 |
| Prix d’émission et de rachat par action en CHF 1 |  | 126.80 | 112.51 | 110.40 |
| 1  Voir note 1 |  |  |  |  |


## Structure du portefeuille-titres
Répartition géographique en % de l’actif net	
| Luxembourg | 69.91 |
| --- | --- |
| Irlande | 12.58 |
| Etats-Unis | 7.63 |
| Australie | 4.07 |
| Canada | 3.87 |
| Italie | 0.96 |
| Total | 99.02 |

Répartition économique en % de l’actif net	
Fonds de placement	78.61
Gouvernements nationaux et centraux	16.43
Emetteurs d’obligations sécurisées (Pfandbriefe)
et sociétés de refinancement	3.88
Cantons, Etats fédéraux	0.10
Total	99.02
UBS (Lux) Key Selection SICAV – Global Allocation (CHF) Rapport semestriel au 31 mars 2021

## Etat des actifs nets
Actif	31.3.2021
CHF
Portefeuille-titres, cours d’achat	104 759 113.75
| Portefeuille-titres, plus-/(moins)-value non réalisée | 	15 356 513.89	 |
| --- | --- |
| Total du Portefeuille-titres (note 1) | 120 115 627.64 |
| Avoirs en banque, dépôts à vue et à terme | 1 573 595.72 |
| Autres liquidités (marges) | 1 854 310.46 |
| Créances sur achats de titres (note 1) | 927 819.96 |
| Créances sur souscriptions | 4 199.08 |
| Intérêts à recevoir sur titres | 136 522.87 |
| Intérêts à recevoir sur liquidités | 947.21 |
| Autres créances | 28 929.04 |
| Bénéfice non réalisé sur contrats financiers à terme (note 1) | 93 175.16 |
| Bénéfice non réalisé sur swaps (note 1) | 440 756.67 |
| Total de l’Actif | 125 175 883.81 |
|  |  |
| Passif |  |
| Perte non réalisée sur contrats de change à terme (note 1) | -2 033 601.53 |
| Crédit en compte courant | -319 649.51 |
| Intérêts à payer sur crédit en compte courant | -327.78 |
| Engagements sur achats de titres (note 1) | -1 221 410.44 |
| Engagements sur rachats | -184 116.80 |
| Provisions pour commission de gestion forfaitaire (note 2) | -97 961.22 |
| Provisions pour taxe d’abonnement (note 3) | -4 562.08 |
| Provisions pour autres commissions et frais (note 2) | 	-11 357.54	 |
| Total des Provisions pour frais | -113 880.84 |
| Total du Passif | -3 872 986.90 |
|  |  |
| Actif net à la fin de la période | 121 302 896.91 |
| Etat des opérations | CHF |
| Revenus | 1.10.2020-31.3.2021 |
| Revenus d’intérêts sur liquidités | 1 315.70 |
| Intérêts sur titres | 242 645.96 |
| Revenus d’intérêts sur swaps (note 1) | 224 048.54 |
| Revenus sur prêts de titres (note 14) | 11 459.60 |
| Autres revenus (note 4) | 259.46 |
| Total des Revenus | 479 729.26 |
|  |  |
| Charges |  |
| Charges d’intérêts sur swaps (note 1) | -4 965.29 |
| Commission de gestion forfaitaire (note 2) | -1 103 790.18 |
| Taxe d’abonnement (note 3) | -9 202.09 |
| Frais sur prêts de titres (note 14) | -4 583.84 |
| Autres commissions et frais (note 2) | -11 072.38 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -3 775.19 |
| Total des Charges | -1 137 388.97 |
|  |  |
| Revenus/pertes net(te)s de placements | -657 659.71 |
|  |  |
| Bénéfices/(pertes) réalisé(e)s (note 1) |  |
| Bénéfice/(perte) réalisé(e) sur titres évalués à la valeur de marché hors options | 2 731 908.36 |
| Bénéfice/(perte) réalisé(e) sur instruments du marché monétaire et titres évalués en fonction des rendements | -14 758.33 |
| Bénéfice/perte réalisé(e) sur contrats financiers à terme | 1 668 530.86 |
| Bénéfice/(perte) réalisé(e) sur contrats de change à terme | -1 712 375.15 |
| Bénéfice/(perte) réalisé(e) sur swaps | 574 668.83 |
| Bénéfice/(perte) de change réalisé(e) | 1 140 502.61 |
| Total des Bénéfices/(pertes) réalisé(e)s | 4 388 477.18 |
|  |  |
| Bénéfice/(perte) net(te) réalisé(e) au cours de la période | 3 730 817.47 |
|  |  |
| 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 | 12 366 461.01 |
| Plus-/(moins)-value non réalisée sur instruments du marché monétaire et titres évalués en fonction des rendements | -52 438.53 |
| Plus-/(moins)-value non réalisée sur contrats financiers à terme | -31 626.18 |
| Plus-/(moins)-value non réalisée sur contrats de change à terme | -2 162 460.62 |
| Plus-/(moins)-value non réalisée sur swaps | -44 863.37 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 10 075 072.31 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 13 805 889.78 |

UBS (Lux) Key Selection SICAV – Global Allocation (CHF)
Rapport semestriel au 31 mars 2021
| Fluctuations de l’actif net |  |
| --- | --- |
|  | CHF |
|  | 1.10.2020-31.3.2021 |
| Actif net au début de la période | 114 427 180.47 |
| Souscriptions | 1 387 423.67 |
| Rachats | 	-8 317 597.01	 |
| Total des Entrées/(sorties) de capitaux | -6 930 173.34 |
| Revenus/pertes net(te)s de placements | -657 659.71 |
| Total des Bénéfices/(pertes) réalisé(e)s | 4 388 477.18 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 	10 075 072.31	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 13 805 889.78 |
| Actif net à la fin de la période | 121 302 896.91 |
| Evolution des actions en circulation |  |
|  | 1.10.2020-31.3.2021 |
| Catégorie | K-1-acc |
| Nombre d’actions en circulation au début de la période | 0.2000 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 0.2000 |
| Catégorie | P-acc |
| Nombre d’actions en circulation au début de la période | 7 087 899.3430 |
| Nombre d’actions émises | 54 062.8870 |
| Nombre d’actions rachetées | -364 881.1690 |
| Nombre d’actions en circulation à la fin de la période | 6 777 081.0610 |
| Catégorie | Q-acc |
| Nombre d’actions en circulation au début de la période | 198 049.9150 |
| Nombre d’actions émises | 5 134.7680 |
| Nombre d’actions rachetées | -26 147.8910 |
| Nombre d’actions en circulation à la fin de la période | 177 036.7920 |

UBS (Lux) Key Selection SICAV – Global Allocation (CHF) Rapport semestriel au 31 mars 2021

## Etat du portefeuille-titres et autres actifs nets au 31 mars 2021
| Dénomination | Nombre/ | Evaluation en CHF | 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 |  |  |  |
| Certificats sur matières premières |  |  |  |
| Irlande |  |  |  |
| USD	ISHARES PHYSICAL GOLD ETC 11-PRP | 150 302.00 | 4 706 972.60 | 3.88 |
| Total Irlande |  | 4 706 972.60 | 3.88 |
| Total des Certificats sur matières premières |  | 4 706 972.60 | 3.88 |
| Billets, taux fixe |  |  |  |
| AUD |  |  |  |
| AUD	AUSTRALIA 5.50000% 11-21.04.23	335 000.00 | 266 885.87 | 0.22 |
| Total AUD | 266 885.87 | 0.22 |
| Total des Billets, taux fixe | 266 885.87 | 0.22 |
| Obligations, taux fixe |  |  |  |
| AUD |  |  |  |
| AUD	AUSTRALIA 2.75000% 12-21.04.24 | 1 500 000.00 | 1 161 700.42 | 0.96 |
| AUD	AUSTRALIA-REG-S 1.00000% 20-21.12.30 | 1 200 000.00 | 803 316.36 | 0.66 |
| AUD	AUSTRALIA-REG-S 1.75000% 20-21.06.51 | 140 000.00 | 80 286.62 | 0.07 |
| AUD	AUSTRALIA-REG-S 2.25000% 16-21.05.28 | 500 000.00 | 382 556.18 | 0.31 |
| AUD	AUSTRALIA-REG-S 2.75000% 14-21.06.35 | 700 000.00 | 538 719.79 | 0.44 |
| AUD	AUSTRALIA-REG-S 2.75000% 16-21.11.27 | 870 000.00 | 687 506.31 | 0.57 |
| AUD	AUSTRALIA-REG-S 3.00000% 16-21.03.47 | 250 000.00 | 190 582.77 | 0.16 |
| AUD	AUSTRALIA-REG-S 3.25000% 13-21.04.25 | 880 000.00 | 700 625.46 | 0.58 |
| AUD	QUEENSLAND TREASURY CORP-REG-S 4.25000% 12-21.07.23 | 160 000.00 | 125 355.24 | 0.10 |
| Total AUD |  | 4 670 649.15 | 3.85 |
| CAD |  |  |  |
| CAD	CANADA, GOVERNMENT 0.75000% 16-01.09.21 | 980 000.00 | 735 799.50 | 0.61 |
| CAD	CANADA, GOVERNMENT 0.50000% 16-01.03.22 | 1 120 000.00 | 841 458.87 | 0.69 |
| CAD	CANADA, GOVERNMENT 2.75000% 14-01.12.64 | 350 000.00 | 320 564.97 | 0.26 |
| CAD	CANADA, GOVERNMENT 2.75000% 14-01.12.48 | 400 000.00 | 348 858.62 | 0.29 |
| CAD	CANADA, GOVERNMENT 2.25000% 14-01.06.25 | 880 000.00 | 698 403.76 | 0.57 |
| CAD	CANADA, GOVERNMENT 3.25000% 10-01.06.21 | 1 300 000.00 | 978 659.71 | 0.81 |
| CAD	CANADA, GOVERNMENT 3.50000% 11-01.12.45 | 375 000.00 | 364 789.69 | 0.30 |
| CAD	CANADA, GOVERNMENT 5.75000% 01-01.06.33 | 380 000.00 | 410 204.81 | 0.34 |
| Total CAD |  | 4 698 739.93 | 3.87 |
| EUR |  |  |  |
| EUR	ITALY, REPUBLIC OF-BTP 4.00000% 05-01.02.37 | 225 000.00 | 351 816.85 | 0.29 |
| EUR	ITALY, REPUBLIC OF-BTP 2.20000% 17-01.06.27 | 650 000.00 | 807 637.92 | 0.67 |
| Total EUR |  | 1 159 454.77 | 0.96 |
| Total des Obligations, taux fixe |  | 10 528 843.85 | 8.68 |
| Bons du Trésor à moyen terme, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.00000% 07-15.05.37 | 550 000.00 | 726 808.60 | 0.60 |
| USD	AMERICA, UNITED STATES OF 3.62500% 14-15.02.44 | 965 000.00 | 1 116 530.36 | 0.92 |
| USD	AMERICA, UNITED STATES OF 1.37500% 20-15.08.50 | 980 000.00 | 719 703.29 | 0.59 |
| USD	AMERICA, UNITED STATES OF 1.87500% 17-30.09.22 | 1 420 000.00 | 1 371 253.35 | 1.13 |
| USD	AMERICA, UNITED STATES OF 2.37500% 14-15.08.24 | 1 790 000.00 | 1 792 910.96 | 1.48 |
| USD	AMERICA, UNITED STATES OF 2.00000% 15-15.02.25 | 1 705 000.00 | 1 690 096.41 | 1.39 |
| USD	AMERICA, UNITED STATES OF 2.50000% 14-15.05.24 | 1 835 000.00 | 1 840 615.14 | 1.52 |
| Total USD |  | 9 257 918.11 | 7.63 |
| Total des Bons du Trésor à moyen terme, taux fixe |  | 9 257 918.11 | 7.63 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 24 760 620.43 | 20.41 |

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 | ISHARES EDGE MSCI WORLD VALUE FACTOR-ETF-ACCUM | 198 173.00 | 6 697 592.74 | 5.52 |
| USD | X-TRACKERS S&P 500 EQUAL WEIGHT UCITS ETF-1C-USD-ACC | 55 672.00 | 3 851 084.16 | 3.18 |
| Total Irlande |  | 10 548 676.90 | 8.70 |
| Luxembourg |  |  |  |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC | 300.00 | 6 032 780.91 | 4.97 |
| USD	UBS (LUX) BOND SICAV - ASIAN HIGH YIELD U-X-ACC | 407.00 | 4 803 958.81 | 3.96 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND-GLOBAL BONDS (USD)-U-X ACC | 452.00 | 5 988 387.02 | 4.94 |
| EUR	UBS (LUX) EQUITY FUND - EUROPEAN OPP SUST (EUR) U-X-ACC | 137.00 | 4 954 751.12 | 4.09 |
| USD	UBS (LUX) EQUITY FUND - MID CAPS USA U-X-ACC | 343.00 | 4 104 572.82 | 3.38 |
| USD	UBS (LUX) EQUITY FUND - SMALL CAPS USA (USD) U-X-ACC | 236.00 | 3 167 075.35 | 2.61 |
| USD	UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) U-X-ACC | 232.00 | 2 326 109.60 | 1.92 |
| USD	UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC | 290.00 | 10 754 436.91 | 8.87 |
| USD	UBS (LUX) EQUITY SICAV - US OPP (USD)-U-X-ACC | 451.00 | 5 584 101.60 | 4.60 |
| USD	UBS (LUX) EQUITY SICAV - GLOB OPPORT UNCONST USD-U-X-ACC | 594.00 | 10 107 817.90 | 8.33 |

UBS (Lux) Key Selection SICAV – Global Allocation (CHF)
Rapport semestriel au 31 mars 2021
|  | Dénomination | Nombre/ | Evaluation en CHF | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
|  |  |  |  |  |
| EUR | UBS (LUX) KEY SELE SICAV-EURO EQUITY VALUE OPP (EUR) I-B-ACC | 30 453.00 | 3 674 032.37 | 3.03 |
| USD | UBS (LUX) KEY SELECTION SICAV - GLOBAL EQUITIES (USD) U-X-AC | 1 702.00 | 20 916 743.41 | 17.24 |
| CHF | UBS (LUX) MONEY MARKET FUND - CHF U-X-ACC | 1.00 | 9 567.70 | 0.01 |
| USD | UBS LUX BOND SICAV-CHINA FIXED INCOME (RMB)(USD HGD) U-X-ACC | 245.00 | 2 381 994.79 | 1.96 |
| Total Luxembourg | 84 806 330.31 | 69.91 |
| Total des Fonds d’investissement, ouvert | 95 355 007.21 | 78.61 |
| Total des OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée | 95 355 007.21 | 78.61 |
| Total du Portefeuille-titres | 120 115 627.64 | 99.02 |

| Instruments dérivés |  |
| --- | --- |
| Instruments dérivés négociés sur une bourse officielle Contrats financiers à terme sur obligations |
|  |  |  |
| EUR	EURO-BUND FUTURE 08.06.21	9.00 | -6 371.33 | -0.01 |
| GBP	LONG GILT FUTURE 28.06.21	-22.00 | 21 633.09 | 0.02 |
| USD	US 10YR TREASURY NOTE FUTURE 21.06.21	-23.00 | 72 130.33 | 0.06 |
| USD	US 5YR TREASURY NOTE FUTURE 30.06.21	35.00 | -49 667.70 | -0.04 |
| USD	US 2YR TREASURY NOTE FUTURE 30.06.21	82.00 | -16 279.00 | -0.01 |
| Total des Contrats financiers à terme sur obligations | 21 445.39 | 0.02 |
| Contrats financiers à terme sur indices |  |  |
|  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 18.06.21	-182.00 | -149 029.38 | -0.12 |
| EUR	DAX INDEX FUTURE 18.06.21	9.00 | 113 364.87 | 0.09 |
| EUR	EURO STOXX BANKS PRICE INDEX FUTURE 18.06.21	763.00 | 13 484.32 | 0.01 |
| CHF	SWISS MARKET INDEX FUTURE 18.06.21	-21.00 | -40 320.00 | -0.03 |
| GBP	FTSE 100 INDEX FUTURE 18.06.21	44.00 | -34 851.86 | -0.03 |
| SEK	OMX 30 INDEX FUTURE 16.04.21	-75.00 | -22 456.28 | -0.02 |
| USD	S&P500 EMINI FUTURE 18.06.21	-30.00 | -12 987.87 | -0.01 |
| JPY	TOPIX INDX FUTURE 10.06.21	37.00 | 244 230.55 | 0.20 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 18.06.21	-70.00 | -16 672.47 | -0.01 |
| CAD	S&P/TSX 60 INDEX FUTURE 17.06.21	9.00 | -2 884.44 | 0.00 |
| USD	E-MINI RUSSELL 1000 VALUE INDEX FUTURE 18.06.21	40.00 | -20 147.67 | -0.02 |
| Total des Contrats financiers à terme sur indices | 71 729.77 | 0.06 |
| Total des Instruments dérivés négociés sur une bourse officielle | 93 175.16 | 0.08 |
| Instruments dérivés non négociés sur une bourse officielle ou sur un autre marché réglementé Credit Default Swaps* |  |  |
|  |  |  |
| USD	ICE/MARKIT CDX.NA.H CDI REC 5.00000% 21-20.06.26	5 100 000.00 | 440 756.67 | 0.36 |
| Total des Credit Default Swaps | 440 756.67 | 0.36 |
| Total des Instruments dérivés non négociés sur une bourse officielle ou sur un autre marché réglementé | 440 756.67 | 0.36 |
| Total des Instruments dérivés | 533 931.83 | 0.44 |
| Contrats de change à terme Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |

| CHF | 3 461 600.73 | GBP | 2 708 484.85 | 20.5.2021 | -51 335.98 | -0.04 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 5 355 811.04 | CAD | 7 389 546.52 | 20.5.2021 | -170 740.82 | -0.14 |
| CHF | 11 237 383.35 | AUD | 15 706 069.54 | 20.5.2021 | -8 908.16 | -0.02 |
| NOK | 31 818 992.46 | CHF | 3 441 382.59 | 20.5.2021 | 62 155.85 | 0.05 |
| CHF | 608 873.38 | DKK | 4 090 000.00 | 20.5.2021 | 856.17 | 0.00 |
| CHF | 1 927 718.60 | JPY | 225 391 133.00 | 20.5.2021 | 9 587.54 | 0.01 |
| CHF | 2 375 465.60 | HKD | 20 170 000.00 | 20.5.2021 | -63 356.25 | -0.05 |
| CHF | 1 258 562.69 | SEK | 11 514 245.20 | 20.5.2021 | 16 360.90 | 0.01 |
| CHF | 59 316 067.21 | USD | 64 943 606.02 | 20.5.2021 | -1 725 743.89 | -1.42 |
| CHF | 11 101 039.28 | EUR | 10 026 807.26 | 20.5.2021 | 13 323.55 | 0.01 |
| CHF | 40 521.69 | ZAR | 666 387.34 | 20.5.2021 | -1 624.38 | 0.00 |
| CHF | 5 101 195.95 | NZD | 7 650 000.00 | 20.5.2021 | 65 948.88 | 0.05 |
| MXN | 20 270 000.00 | CHF | 891 134.65 | 20.5.2021 | 35 117.43 | 0.03 |
| PLN | 4 940 000.00 | CHF | 1 204 183.24 | 20.5.2021 | -27 218.32 | -0.02 |
| AUD | 700 000.00 | CHF | 502 271.14 | 20.5.2021 | -1 037.90 | 0.00 |
| EUR | 180 000.00 | CHF | 200 225.56 | 20.5.2021 | -1 180.26 | 0.00 |
| CHF | 2 123 248.68 | USD | 2 300 000.00 | 20.5.2021 | -38 567.92 | -0.03 |
| JPY | 52 000 000.00 | CHF | 446 694.72 | 20.5.2021 | -4 162.60 | 0.00 |
| EUR | 1 000 000.00 | CHF | 1 113 985.20 | 20.5.2021 | -8 177.99 | -0.02 |
| AUD | 950 000.00 | CHF | 684 741.19 | 20.5.2021 | -4 496.08 | 0.00 |
| USD | 580 000.00 | CHF | 538 960.94 | 20.5.2021 | 6 192.81 | 0.01 |
| CHF | 612 463.62 | AUD | 860 000.00 | 20.5.2021 | -3 337.21 | 0.00 |
| NOK | 10 894 505.02 | JPY | 139 810 000.00 | 20.5.2021 | 9 769.08 | 0.01 |
| EUR | 2 158 473.63 | JPY | 279 630 000.00 | 20.5.2021 | 7 144.83 | 0.01 |
| CHF | 554 780.95 | EUR | 500 000.00 | 20.5.2021 | 1 877.35 | 0.00 |
| USD | 130 000.00 | CHF | 120 775.63 | 20.5.2021 | 1 414.00 | 0.00 |
| AUD | 500 000.00 | CHF | 359 493.50 | 20.5.2021 | -1 469.76 | 0.00 |
| CHF | 68 175.17 | JPY | 8 000 000.00 | 20.5.2021 | 93.31 | 0.00 |
| EUR | 70 000.00 | CHF | 77 278.86 | 20.5.2021 | 127.64 | 0.00 |
| EUR | 380 000.00 | CHF | 420 480.94 | 20.5.2021 | -274.20 | 0.00 |

* Nominal positif: le compartiment est «receveur de la protection», nominal négatif: le compartiment est «payeur de la protection».
UBS (Lux) Key Selection SICAV – Global Allocation (CHF) Rapport semestriel au 31 mars 2021
| Dénomination	Nombre/ | Evaluation en CHF | 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 (suite)
Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité
| USD | 220 000.00 | CHF | 204 265.91 | 20.5.2021 | 2 516.55 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 5 551 185.29 | TWD | 156 660 000.00 | 11.6.2021 | 7 816.40 | 0.01 |
| USD | 2 767 377.41 | KRW | 3 125 310 000.00 | 11.6.2021 | -3 695.83 | 0.00 |
| BRL | 20 730 000.00 | USD | 3 741 336.99 | 11.6.2021 | -81 012.62 | -0.08 |
| COP | 11 668 210 000.00 | USD | 3 252 471.78 | 11.6.2021 | -77 634.21 | -0.06 |
| JPY | 26 000 000.00 | CHF | 223 311.89 | 20.5.2021 | -2 045.83 | 0.00 |
| USD | 360 000.00 | CHF | 336 501.94 | 20.5.2021 | 1 869.35 | 0.00 |
| CHF | 291 200.59 | GBP | 227 000.00 | 20.5.2021 | -3 221.08 | 0.00 |
| AUD | 1 690 000.00 | USD | 1 289 072.85 | 20.5.2021 | -1 507.49 | 0.00 |
| AUD | 1 690 000.00 | EUR | 1 091 949.23 | 20.5.2021 | 2 636.11 | 0.00 |
| USD | 1 276 145.47 | PHP | 62 110 000.00 | 11.6.2021 | 4 551.41 | 0.00 |
| USD | 1 100 000.00 | CHF | 1 035 860.54 | 20.5.2021 | -1 948.25 | 0.00 |
| CHF | 1 105 971.40 | EUR | 1 000 000.00 | 20.5.2021 | 164.19 | 0.00 |
| AUD | 630 000.00 | CHF | 451 537.76 | 20.5.2021 | -427.85 | 0.00 |
| Total des Contrats de change à terme | -2 033 601.53 | -1.68 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 3 427 906.18 | 2.83 |
| Crédit en compte courant et autres engagements à court terme | -319 649.51 | -0.26 |
| Autres actifs et passifs | -421 317.70 | -0.35 |
| Total de l’Actif net | 121 302 896.91 | 100.00 |

UBS (Lux) Key Selection SICAV – Global Allocation (CHF)
Rapport semestriel au 31 mars 2021