# UBS (Lux) Equity SICAV
– European High Dividend (EUR)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Net assets in EUR |  | 272 407 545.20 | 278 537 057.54 | 347 261 836.79 |
| Class N-8%-mdist | LU1121265976 |  |  |  |
| Shares outstanding |  | 93 318.0420 | 114 815.1610 | 90 921.4640 |
| Net asset value per share in EUR |  | 79.31 | 75.21 | 85.12 |
| Issue and redemption price per share in EUR 1 |  | 79.31 | 75.21 | 85.12 |
| Class P-acc | LU0566497433 |  |  |  |
| Shares outstanding |  | 388 380.6390 | 416 520.0860 | 519 255.8330 |
| Net asset value per share in EUR |  | 161.87 | 146.79 | 151.89 |
| Issue and redemption price per share in EUR 1 |  | 161.87 | 146.79 | 151.89 |
| Class (CHF) P-acc | LU0571745792 |  |  |  |
| Shares outstanding |  | 121 985.1010 | 130 062.4500 | 146 257.6880 |
| Net asset value per share in CHF |  | 139.44 | 128.63 | 136.21 |
| Issue and redemption price per share in CHF 1 |  | 139.44 | 128.63 | 136.21 |
| Class (USD) P-acc | LU0571745446 |  |  |  |
| Shares outstanding |  | 37 580.2950 | 63 223.0260 | 71 707.3040 |
| Net asset value per share in USD |  | 134.65 | 123.40 | 133.70 |
| Issue and redemption price per share in USD 1 |  | 134.65 | 123.40 | 133.70 |
| Class P-dist | LU0566497516 |  |  |  |
| Shares outstanding |  | 136 329.9460 | 149 024.9610 | 182 407.6120 |
| Net asset value per share in EUR |  | 129.28 | 120.49 | 127.57 |
| Issue and redemption price per share in EUR 1 |  | 129.28 | 120.49 | 127.57 |
| Class (CHF hedged) P-dist | LU0826316233 |  |  |  |
| Shares outstanding |  | 141 318.1090 | 173 442.8040 | 210 115.3970 |
| Net asset value per share in CHF |  | 131.38 | 122.63 | 130.14 |
| Issue and redemption price per share in CHF 1 |  | 131.38 | 122.63 | 130.14 |
| Class (GBP) P-dist | LU0571744555 |  |  |  |
| Shares outstanding |  | 23 485.2600 | 32 074.2050 | 37 628.1310 |
| Net asset value per share in GBP |  | 129.22 | 124.86 | 131.08 |
| Issue and redemption price per share in GBP 1 |  | 129.22 | 124.86 | 131.08 |
| Class P-mdist | LU1249369007 |  |  |  |
| Shares outstanding |  | 1 726.1180 | 1 657.9160 | 4 820.6900 |
| Net asset value per share in EUR |  | 93.03 | 86.08 | 92.75 |
| Issue and redemption price per share in EUR 1 |  | 93.03 | 86.08 | 92.75 |
| Class Q-acc | LU0847997854 |  |  |  |
| Shares outstanding |  | 193 606.2910 | 240 022.6980 | 283 485.6660 |
| Net asset value per share in EUR |  | 108.23 | 97.82 | 100.55 |
| Issue and redemption price per share in EUR 1 |  | 108.23 | 97.82 | 100.55 |
| Class (CHF) Q-acc | LU1240784311 |  |  |  |
| Shares outstanding |  | 50 008.0940 | 79 392.2740 | 97 281.1140 |
| Net asset value per share in CHF |  | 111.72 | 102.72 | 108.10 |
| Issue and redemption price per share in CHF 1 |  | 111.72 | 102.72 | 108.10 |
| Class (USD) Q-acc | LU1240784584 |  |  |  |
| Shares outstanding |  | 6 853.7390 | 11 828.2770 | 20 088.8010 |
| Net asset value per share in USD |  | 108.82 | 99.41 | 107.03 |
| Issue and redemption price per share in USD 1 |  | 108.82 | 99.41 | 107.03 |
| Class Q-dist | LU1240784741 |  |  |  |
| Shares outstanding |  | 90 712.7850 | 107 111.3160 | 106 103.5590 |
| Net asset value per share in EUR |  | 96.28 | 90.04 | 95.33 |
| Issue and redemption price per share in EUR 1 |  | 96.28 | 90.04 | 95.33 |
| Class (CHF hedged) Q-dist | LU1240784238 |  |  |  |
| Shares outstanding |  | 202 318.5260 | 261 740.2050 | 324 375.4680 |
| Net asset value per share in CHF |  | 94.55 | 88.54 | 93.96 |
| Issue and redemption price per share in CHF 1 |  | 94.55 | 88.54 | 93.96 |
| Class (GBP) Q-dist | LU1240784402 |  |  |  |
| Shares outstanding |  | 5 729.6980 | 5 587.4860 | 5 937.7740 |
| Net asset value per share in GBP |  | 117.25 | 113.62 | 119.31 |
| Issue and redemption price per share in GBP 1 |  | 117.25 | 113.62 | 119.31 |
| Class QL-acc 2 | LU2049072429 |  |  |  |
| Shares outstanding |  | 34 682.0410 | - | - |
| Net asset value per share in EUR |  | 107.75 | - | - |
| Issue and redemption price per share in EUR 1 |  | 107.75 | - | - |
| Class (CHF) QL-acc 2 | LU2049072189 |  |  |  |
| Shares outstanding |  | 28 325.8740 | - | - |
| Net asset value per share in CHF |  | 109.13 | - | - |
| Issue and redemption price per share in CHF 1 |  | 109.13 | - | - |

UBS (Lux) Equity SICAV – European High Dividend (EUR) Semi-Annual Report as of 30 November 2019
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class (USD) QL-acc 2 | LU2049072346 |  |  |  |
| Shares outstanding |  | 820.9140 | - | - |
| Net asset value per share in USD |  | 108.45 | - | - |
| Issue and redemption price per share in USD 1 |  | 108.45 | - | - |
| Class QL-dist 2 | LU2049072692 |  |  |  |
| Shares outstanding |  | 9 075.9190 | - | - |
| Net asset value per share in EUR |  | 107.75 | - | - |
| Issue and redemption price per share in EUR 1 |  | 107.75 | - | - |
| Class (CHF hedged) QL-dist 2 | LU2049072007 |  |  |  |
| Shares outstanding |  | 31 216.5590 | - | - |
| Net asset value per share in CHF |  | 107.75 | - | - |
| Issue and redemption price per share in CHF 1 |  | 107.75 | - | - |
| Class (GBP) QL-dist 2 | LU2049072262 |  |  |  |
| Shares outstanding |  | 527.0100 | - | - |
| Net asset value per share in GBP |  | 102.41 | - | - |
| Issue and redemption price per share in GBP 1 |  | 102.41 | - | - |
| Class U-X-acc | LU0566497789 |  |  |  |
| Shares outstanding |  | 5 622.0000 | 6 464.0100 | 8 080.0100 |
| Net asset value per share in EUR |  | 14 161.89 | 12 744.56 | 12 985.42 |
| Issue and redemption price per share in EUR 1 |  | 14 161.89 | 12 744.56 | 12 985.42 |
| 1  See note 1 2  First NAV: 9.10.2019 |  |  |  |  |


## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| United Kingdom | 25.02 |
| --- | --- |
| France | 18.97 |
| Germany | 10.12 |
| Switzerland | 9.89 |
| Sweden | 7.76 |
| Spain | 6.57 |
| The Netherlands | 6.00 |
| Finland | 4.79 |
| Italy | 2.94 |
| Belgium | 2.02 |
| Norway | 1.98 |
| Australia | 1.02 |
| Denmark | 1.02 |
| Luxembourg | 0.94 |
| Total | 99.04 |

Economic Breakdown as a % of net assets	
| Insurance | 13.02 |
| --- | --- |
| Banks & credit institutions | 8.91 |
| Energy & water supply | 7.73 |
| Pharmaceuticals, cosmetics & medical products | 6.93 |
| Telecommunications | 6.87 |
| Petroleum | 5.75 |
| Building industry & materials | 4.92 |
| Real Estate | 4.85 |
| Miscellaneous services | 3.16 |
| Tobacco & alcohol | 3.05 |
| Miscellaneous consumer goods | 2.98 |
| Vehicles | 2.98 |
| Traffic & transportation | 2.97 |
| Retail trade, department stores | 2.93 |
| Internet, software & IT services | 2.11 |
| Non-ferrous metals | 2.04 |
| Mechanical engineering & industrial equipment | 2.01 |
| Food & soft drinks | 1.96 |
| Finance & holding companies | 1.91 |
| Rubber & tyres | 1.86 |
| Various capital goods | 1.07 |
| Agriculture & fishery | 1.03 |
| Electronics & semiconductors | 1.03 |
| Graphic design, publishing & media | 1.03 |
| Mining, coal & steel | 1.02 |
| Forestry, paper & pulp products | 1.00 |
| Healthcare & social services | 0.98 |
| Aerospace industry | 0.98 |
| Chemicals | 0.98 |
| Electrical devices & components | 0.98 |
| Total | 99.04 |

UBS (Lux) Equity SICAV – European High Dividend (EUR) Semi-Annual Report as of 30 November 2019

## Statement of Net Assets
Assets	30.11.2019
EUR
Investments in securities, cost	257 532 214.13
| Investments in securities, unrealized appreciation (depreciation) | 	12 268 217.76	 |
| --- | --- |
| Total investments in securities (Note 1) | 269 800 431.89 |
| Cash at banks, deposits on demand and deposit accounts | 1 201 872.68 |
| Receivable on subscriptions | 1 179 403.10 |
| Interest receivable on liquid assets | 68.53 |
| Receivable on dividends | 359 701.29 |
| Other receivables | 476 455.23 |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | -110 664.61 |
| Total Assets | 272 907 268.11 |
|  |  |
| Liabilities |  |
| Interest payable on bank overdraft | -3.93 |
| Payable on securities purchases (Note 1) | -366.99 |
| Payable on redemptions | -368 985.29 |
| Provisions for flat fee (Note 2) | -97 309.48 |
| Provisions for taxe d’abonnement (Note 3) | -17 014.64 |
| Provisions for other commissions and fees (Note 2) | 	-16 042.58	 |
| Total provisions | -130 366.70 |
| Total Liabilities | -499 722.91 |
|  |  |
| Net assets at the end of the period | 272 407 545.20 |
| Statement of Operations | EUR |
| Income | 1.6.2019-30.11.2019 |
| Interest on liquid assets | 459.72 |
| Dividends | 4 470 852.04 |
| Income on securities lending (Note 13) | 41 577.82 |
| Other income (Note 4) | 11 971.61 |
| Total income | 4 524 861.19 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -1 285 935.07 |
| Taxe d’abonnement (Note 3) | -52 688.38 |
| Cost on securities lending (Note 13) | -16 631.13 |
| Other commissions and fees (Note 2) | -19 498.35 |
| Interest on cash and bank overdraft | -1 946.01 |
| Total expenses | -1 376 698.94 |
|  |  |
| Net income (loss) on investments | 3 148 162.25 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 935 982.04 |
| Realized gain (loss) on forward foreign exchange contracts | 500 806.85 |
| Realized gain (loss) on foreign exchange | 258 626.27 |
| Total realized gain (loss) | 1 695 415.16 |
|  |  |
| Net realized gain (loss) of the period | 4 843 577.41 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 23 674 864.61 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -155 537.73 |
| Total changes in unrealized appreciation (depreciation) | 23 519 326.88 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 28 362 904.29 |

UBS (Lux) Equity SICAV – European High Dividend (EUR) Semi-Annual Report as of 30 November 2019
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | EUR |
|  | 1.6.2019-30.11.2019 |
| Net assets at the beginning of the period | 278 537 057.54 |
| Subscriptions | 20 770 183.99 |
| Redemptions | 	-52 781 888.02	 |
| Total net subscriptions (redemptions) | -32 011 704.03 |
| Dividend paid | -2 480 712.60 |
| Net income (loss) on investments | 3 148 162.25 |
| Total realized gain (loss) | 1 695 415.16 |
| Total changes in unrealized appreciation (depreciation) | 	23 519 326.88	 |
| Net increase (decrease) in net assets as a result of operations | 28 362 904.29 |
| Net assets at the end of the period | 272 407 545.20 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2019-30.11.2019 |
| Class | N-8%-mdist |
| Number of shares outstanding at the beginning of the period | 114 815.1610 |
| Number of shares issued | 4 077.7500 |
| Number of shares redeemed | -25 574.8690 |
| Number of shares outstanding at the end of the period | 93 318.0420 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 416 520.0860 |
| Number of shares issued | 16 849.2080 |
| Number of shares redeemed | -44 988.6550 |
| Number of shares outstanding at the end of the period | 388 380.6390 |
| Class | (CHF) P-acc |
| Number of shares outstanding at the beginning of the period | 130 062.4500 |
| Number of shares issued | 5 135.8820 |
| Number of shares redeemed | -13 213.2310 |
| Number of shares outstanding at the end of the period | 121 985.1010 |
| Class | (USD) P-acc |
| Number of shares outstanding at the beginning of the period | 63 223.0260 |
| Number of shares issued | 1 071.9010 |
| Number of shares redeemed | -26 714.6320 |
| Number of shares outstanding at the end of the period | 37 580.2950 |
| Class | P-dist |
| Number of shares outstanding at the beginning of the period | 149 024.9610 |
| Number of shares issued | 7 684.8570 |
| Number of shares redeemed | -20 379.8720 |
| Number of shares outstanding at the end of the period | 136 329.9460 |
| Class | (CHF hedged) P-dist |
| Number of shares outstanding at the beginning of the period | 173 442.8040 |
| Number of shares issued | 3 621.7870 |
| Number of shares redeemed | -35 746.4820 |
| Number of shares outstanding at the end of the period | 141 318.1090 |
| Class | (GBP) P-dist |
| Number of shares outstanding at the beginning of the period | 32 074.2050 |
| Number of shares issued | 1 037.3720 |
| Number of shares redeemed | -9 626.3170 |
| Number of shares outstanding at the end of the period | 23 485.2600 |
| Class | P-mdist |
| Number of shares outstanding at the beginning of the period | 1 657.9160 |
| Number of shares issued | 170.3380 |
| Number of shares redeemed | -102.1360 |
| Number of shares outstanding at the end of the period | 1 726.1180 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 240 022.6980 |
| Number of shares issued | 18 258.6140 |
| Number of shares redeemed | -64 675.0210 |
| Number of shares outstanding at the end of the period | 193 606.2910 |
| Class | (CHF) Q-acc |
| Number of shares outstanding at the beginning of the period | 79 392.2740 |
| Number of shares issued | 1 707.5710 |
| Number of shares redeemed | -31 091.7510 |
| Number of shares outstanding at the end of the period | 50 008.0940 |
| Class | (USD) Q-acc |
| Number of shares outstanding at the beginning of the period | 11 828.2770 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -4 974.5380 |
| Number of shares outstanding at the end of the period | 6 853.7390 |
| Class | Q-dist |
| Number of shares outstanding at the beginning of the period | 107 111.3160 |
| Number of shares issued | 2 586.6620 |
| Number of shares redeemed | -18 985.1930 |
| Number of shares outstanding at the end of the period | 90 712.7850 |

UBS (Lux) Equity SICAV – European High Dividend (EUR) Semi-Annual Report as of 30 November 2019
| Class |  |  | (CHF hedged) Q-dist |
| --- | --- | --- | --- |
| Number of shares outstanding at the beginning of the period |  |  | 261 740.2050 |
| Number of shares issued |  |  | 4 944.8210 |
| Number of shares redeemed |  |  | -64 366.5000 |
| Number of shares outstanding at the end of the period |  |  | 202 318.5260 |
| Class |  |  | (GBP) Q-dist |
| Number of shares outstanding at the beginning of the period |  |  | 5 587.4860 |
| Number of shares issued |  |  | 1 560.9890 |
| Number of shares redeemed |  |  | -1 418.7770 |
| Number of shares outstanding at the end of the period |  |  | 5 729.6980 |
| Class |  |  | QL-acc |
| Number of shares outstanding at the beginning of the period |  |  | 0.0000 |
| Number of shares issued |  |  | 34 682.0410 |
| Number of shares redeemed |  |  | 0.0000 |
| Number of shares outstanding at the end of the period |  |  | 34 682.0410 |
| Class |  |  | (CHF) QL-acc |
| Number of shares outstanding at the beginning of the period |  |  | 0.0000 |
| Number of shares issued |  |  | 28 325.8740 |
| Number of shares redeemed |  |  | 0.0000 |
| Number of shares outstanding at the end of the period |  |  | 28 325.8740 |
| Class |  |  | (USD) QL-acc |
| Number of shares outstanding at the beginning of the period |  |  | 0.0000 |
| Number of shares issued |  |  | 820.9140 |
| Number of shares redeemed |  |  | 0.0000 |
| Number of shares outstanding at the end of the period |  |  | 820.9140 |
| Class |  |  | QL-dist |
| Number of shares outstanding at the beginning of the period |  |  | 0.0000 |
| Number of shares issued |  |  | 9 075.9190 |
| Number of shares redeemed |  |  | 0.0000 |
| Number of shares outstanding at the end of the period |  |  | 9 075.9190 |
| Class |  |  | (CHF hedged) QL-dist |
| Number of shares outstanding at the beginning of the period |  |  | 0.0000 |
| Number of shares issued |  |  | 31 611.3380 |
| Number of shares redeemed |  |  | -394.7790 |
| Number of shares outstanding at the end of the period |  |  | 31 216.5590 |
| Class |  |  | (GBP) QL-dist |
| Number of shares outstanding at the beginning of the period |  |  | 0.0000 |
| Number of shares issued |  |  | 527.0100 |
| Number of shares redeemed |  |  | 0.0000 |
| Number of shares outstanding at the end of the period |  |  | 527.0100 |
| Class |  |  | U-X-acc |
| Number of shares outstanding at the beginning of the period |  |  | 6 464.0100 |
| Number of shares issued |  |  | 149.0000 |
| Number of shares redeemed |  |  | -991.0100 |
| Number of shares outstanding at the end of the period |  |  | 5 622.0000 |
| Annual Distribution 1 |  |  |  |
| UBS (Lux) Equity SICAV – European High Dividend (EUR)	Ex-Date | Pay-Date | Currency | Amount per share |
| P-dist	1.8.2019 | 6.8.2019 | EUR | 3.36 |
| (CHF hedged) P-dist	1.8.2019 | 6.8.2019 | CHF | 3.38 |
| (GBP) P-dist	1.8.2019 | 6.8.2019 | GBP | 3.52 |
| Q-dist	1.8.2019 | 6.8.2019 | EUR | 3.11 |
| (CHF hedged) Q-dist	1.8.2019 | 6.8.2019 | CHF | 3.03 |
| (GBP) Q-dist	1.8.2019 | 6.8.2019 | GBP | 3.93 |
| Monthly Distribution 1 |  |  |  |
| UBS (Lux) Equity SICAV – European High Dividend (EUR)	Ex-Date | Pay-Date | Currency | Amount per share |
| N-8%-mdist	11.6.2019 | 14.6.2019 | EUR | 0.50 |
| N-8%-mdist	10.7.2019 | 15.7.2019 | EUR | 0.51 |
| N-8%-mdist	12.8.2019 | 16.8.2019 | EUR | 0.50 |
| N-8%-mdist	10.9.2019 | 13.9.2019 | EUR | 0.49 |
| N-8%-mdist	10.10.2019 | 15.10.2019 | EUR | 0.51 |
| N-8%-mdist	11.11.2019 | 14.11.2019 | EUR | 0.52 |
| P-mdist	17.6.2019 | 20.6.2019 | EUR | 0.30 |
| P-mdist	15.7.2019 | 18.7.2019 | EUR | 0.30 |
| P-mdist	16.8.2019 | 21.8.2019 | EUR | 0.30 |
| P-mdist	16.9.2019 | 19.9.2019 | EUR | 0.30 |
| P-mdist	15.10.2019 | 18.10.2019 | EUR | 0.30 |
| P-mdist	15.11.2019 | 20.11.2019 | EUR | 0.30 |
| 1  See note 5 |  |  |  |

UBS (Lux) Equity SICAV – European High Dividend (EUR) 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 EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Bearer shares |  |  |  |
| Finland |  |  |  |
| EUR	KONE CORPORATION NPV ORD ‘B’ | 46 833.00 | 2 661 051.06 | 0.98 |
| Total Finland |  | 2 661 051.06 | 0.98 |
| France |  |  |  |
| EUR	ALSTOM EUR7.00 | 67 134.00 | 2 657 163.72 | 0.97 |
| EUR	ATOS SE EUR1 | 37 567.00 | 2 895 664.36 | 1.06 |
| EUR	AXA EUR2.29 | 112 537.00 | 2 779 101.22 | 1.02 |
| EUR	BNP PARIBAS EUR2 | 57 623.00 | 2 937 044.31 | 1.08 |
| EUR	BOUYGUES EUR1 | 70 727.00 | 2 622 557.16 | 0.96 |
| EUR	CAPGEMINI EUR8 | 26 547.00 | 2 849 820.45 | 1.05 |
| EUR	CREDIT AGRICOLE SA EUR3 | 219 196.00 | 2 721 318.34 | 1.00 |
| EUR	DANONE EUR0.25 | 36 066.00 | 2 694 851.52 | 0.99 |
| EUR	ENGIE EUR1 | 181 961.00 | 2 612 959.96 | 0.96 |
| EUR	KLEPIERRE EUR1.40 | 84 187.00 | 2 741 970.59 | 1.01 |
| EUR	L’OREAL EUR0.20 | 10 257.00 | 2 653 485.90 | 0.97 |
| EUR	ORANGE EUR4 | 185 238.00 | 2 778 570.00 | 1.02 |
| EUR	PUBLICIS GROUPE SA EUR0.40 | 69 909.00 | 2 792 165.46 | 1.02 |
| EUR	SANOFI EUR2 | 30 272.00 | 2 558 286.72 | 0.94 |
| EUR	SOC GENERALE EUR1.25 | 96 000.00 | 2 741 760.00 | 1.01 |
| EUR	TOTAL EUR2.5 | 56 609.00 | 2 696 852.76 | 0.99 |
| EUR	UNIBAIL-RODAMCO-WE NPV(1 ORD UNIBAIL-R & 1CLS) | 19 542.00 | 2 773 009.80 | 1.02 |
| EUR	VEOLIA ENVIRONNEME EUR5 | 109 788.00 | 2 551 473.12 | 0.94 |
| Total France |  | 49 058 055.39 | 18.01 |
| Italy |  |  |  |
| EUR	ASSIC GENERALI SPA EUR1 | 146 291.00 | 2 710 772.23 | 0.99 |
| Total Italy |  | 2 710 772.23 | 0.99 |
| Luxembourg |  |  |  |
| EUR	AROUNDTOWN SA EUR0.01 | 324 474.00 | 2 557 504.07 | 0.94 |
| Total Luxembourg |  | 2 557 504.07 | 0.94 |
| The Netherlands |  |  |  |
| EUR	KONINKLIJKE AHOLD EUR0.01 | 115 402.00 | 2 698 675.77 | 0.99 |
| EUR	KONINKLIJKE PHILIPS NV EUR0.20 | 66 271.00 | 2 792 991.30 | 1.03 |
| EUR	RANDSTAD N.V. EUR0.10 | 55 101.00 | 2 912 638.86 | 1.07 |
| GBP	ROYAL DUTCH SHELL ‘B’SHS EUR0.07 (UK LIST) | 96 855.00 | 2 487 799.87 | 0.91 |
| Total The Netherlands |  | 10 892 105.80 | 4.00 |
| Spain |  |  |  |
| EUR	ACS ACTIVIDADES CO EUR0.5 | 69 145.00 | 2 442 892.85 | 0.90 |
| EUR	AENA SME S.A. EUR10 | 15 480.00 | 2 580 516.00 | 0.95 |
| EUR	ENDESA SA EUR1.2 | 101 799.00 | 2 512 399.32 | 0.92 |
| EUR	IBERDROLA SA EUR0.75 (POST SUBDIVISION) | 295 627.00 | 2 639 357.86 | 0.97 |
| EUR	RED ELECTRICA CORP EUR0.5 | 132 142.00 | 2 345 520.50 | 0.86 |
| EUR	REPSOL SA EUR1 | 186 058.00 | 2 658 768.82 | 0.97 |
| EUR	TELEFONICA SA EUR1 | 391 533.00 | 2 721 937.42 | 1.00 |
| Total Spain |  | 17 901 392.77 | 6.57 |
| Sweden |  |  |  |
| SEK	SVENSKA HANDELSBKN SER’A’NPV (P/S) | 297 799.00 | 2 652 305.86 | 0.97 |
| SEK	TELIA COMPANY AB NPV | 685 920.00 | 2 693 832.06 | 0.99 |
| Total Sweden |  | 5 346 137.92 | 1.96 |
| Switzerland |  |  |  |
| CHF	SWISS RE AG CHF0.10 | 27 337.00 | 2 686 851.75 | 0.99 |
| Total Switzerland |  | 2 686 851.75 | 0.99 |
| United Kingdom |  |  |  |
| GBP	ASTRAZENECA ORD USD0.25 | 30 765.00 | 2 691 706.75 | 0.99 |
| GBP	AVIVA ORD GBP0.25 | 538 530.00 | 2 551 083.43 | 0.94 |
| GBP	BAE SYSTEMS ORD GBP0.025 | 397 825.00 | 2 676 074.53 | 0.98 |
| GBP	BARRATT DEVEL ORD GBP0.10 | 359 135.00 | 2 809 323.60 | 1.03 |
| GBP	BRIT AMER TOBACCO ORD GBP0.25 | 81 671.00 | 2 931 822.98 | 1.08 |
| GBP	BRITISH LAND CO PLC REIT | 373 599.00 | 2 522 754.18 | 0.93 |
| GBP	BT GROUP ORD GBP0.05 | 1 154 744.00 | 2 595 009.72 | 0.95 |
| GBP	KINGFISHER ORD GBP0.157142857 | 1 100 865.00 | 2 710 784.22 | 1.00 |
| GBP	NATIONAL GRID ORD GBP0.12431289 | 256 469.00 | 2 676 867.74 | 0.98 |
| GBP	RECKITT BENCK GRP ORD GBP0.10 | 38 428.00 | 2 734 630.37 | 1.00 |
| GBP	SSE PLC ORD GBP0.50 | 186 253.00 | 2 840 501.83 | 1.04 |
| EUR	UNILEVER EUR0.16 | 50 963.00 | 2 741 809.40 | 1.01 |
| GBP	WPP PLC ORD GBP0.10 | 237 368.00 | 2 786 042.32 | 1.02 |
| Total United Kingdom |  | 35 268 411.07 | 12.95 |
| Total Bearer shares |  | 129 082 282.06 | 47.39 |
| Other shares |  |  |  |
| Switzerland |  |  |  |
| CHF	ROCHE HLDGS AG GENUSSCHEINE NPV | 9 649.00 | 2 698 853.66 | 0.99 |
| Total Switzerland |  | 2 698 853.66 | 0.99 |
| Total Other shares |  | 2 698 853.66 | 0.99 |

UBS (Lux) Equity SICAV – European High Dividend (EUR) Semi-Annual Report as of 30 November 2019
| Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Preference shares |  |  |  |
| Germany |  |  |  |
| EUR	PORSCHE AUTO HL SE NON VTG PRF NPV | 40 367.00 | 2 711 855.06 | 0.99 |
| Total Germany |  | 2 711 855.06 | 0.99 |
| Total Preference shares |  | 2 711 855.06 | 0.99 |
| Registered shares |  |  |  |
| Australia |  |  |  |
| GBP	BHP GROUP PLC ORD USD0.50	138 647.00 | 2 781 346.09 | 1.02 |
| Total Australia | 2 781 346.09 | 1.02 |
| Belgium |  |  |  |  |
| EUR | AGEAS NPV | 49 802.00 | 2 713 212.96 | 1.00 |
| EUR | KBC GROUP NV NPV | 42 113.00 | 2 785 353.82 | 1.02 |
| Total Belgium	5 498 566.78	2.02 |
| Denmark |  |  |  |  |
| DKK | NOVO-NORDISK AS DKK0.2 SER’B’ | 54 264.00 | 2 768 520.06 | 1.02 |
| Total Denmark	2 768 520.06	1.02 |
| Finland |  |  |  |  |
| EUR | FORTUM OYJ EUR3.40 | 117 336.00 | 2 509 817.04 | 0.92 |
| EUR | NOKIAN RENKAAT OYJ NPV | 100 524.00 | 2 468 869.44 | 0.91 |
| EUR | SAMPO OYJ SER’A’NPV | 72 661.00 | 2 666 658.70 | 0.98 |
| EUR | UPM-KYMMENE CORP NPV | 90 100.00 | 2 731 832.00 | 1.00 |
| Total Finland	10 377 177.18	3.81 |
| France |  |  |  |  |
| EUR | MICHELIN (CGDE) EUR2 | 23 963.00 | 2 609 570.70 | 0.96 |
| Total France | 2 609 570.70 | 0.96 |
| Germany |  |  |  |  |
| EUR | ALLIANZ SE NPV(REGD)(VINKULIERT) | 12 283.00 | 2 669 710.05 | 0.98 |
| EUR | BASF SE NPV | 39 217.00 | 2 675 383.74 | 0.98 |
| EUR | DEUTSCHE POST AG NPV(REGD) | 81 249.00 | 2 749 466.16 | 1.01 |
| EUR | DEUTSCHE TELEKOM NPV(REGD) | 169 221.00 | 2 578 251.16 | 0.95 |
| EUR | E.ON SE NPV | 302 438.00 | 2 872 556.12 | 1.05 |
| EUR | HANNOVER RUECKVERS ORD NPV(REGD) | 17 523.00 | 2 952 625.50 | 1.08 |
| EUR | MUENCHENER RUECKVE NPV(REGD) | 10 971.00 | 2 859 042.60 | 1.05 |
| EUR | SIEMENS AG NPV(REGD) | 24 811.00 | 2 905 864.32 | 1.07 |
| EUR | VONOVIA SE NPV | 55 372.00 | 2 618 541.88 | 0.96 |
| Total Germany	24 881 441.53	9.13 |
| Italy |  |  |  |  |
| EUR | ENI SPA EUR1 | 196 998.00 | 2 701 630.58 | 0.99 |
| EUR | INTESA SANPAOLO NPV | 1 140 092.00 | 2 622 781.65 | 0.96 |
| Total Italy |  | 5 324 412.23 | 1.95 |
| The Netherlands |  |  |  |
| EUR	FIAT CHRYSLER AUTO EUR0.01 | 203 490.00 | 2 730 835.80 | 1.00 |
| EUR	NN GROUP N.V. EUR0.12 | 77 946.00 | 2 715 638.64 | 1.00 |
| Total The Netherlands |  | 5 446 474.44 | 2.00 |
| Norway |  |  |  |
| NOK	MOWI ASA NOK7.50 | 124 820.00 | 2 809 969.77 | 1.03 |
| NOK	TELENOR ASA ORD NOK6 | 156 713.00 | 2 595 806.17 | 0.95 |
| Total Norway |  | 5 405 775.94 | 1.98 |
| Sweden |  |  |  |
| SEK	ELECTROLUX AB SER’B’NPV (POST SPLIT) | 113 624.00 | 2 649 440.70 | 0.97 |
| SEK	HENNES & MAURITZ SER’B’NPV | 147 559.00 | 2 584 247.94 | 0.95 |
| SEK	INVESTOR AB SER’B’NPV | 55 400.00 | 2 657 078.72 | 0.98 |
| SEK	SKAND ENSKILDA BKN SER’A’NPV | 310 849.00 | 2 418 638.33 | 0.89 |
| SEK	SKF AB SER’B’NPV | 162 318.00 | 2 812 891.01 | 1.03 |
| SEK	VOLVO AB SER’B’NPV (POST SPLIT) | 190 483.00 | 2 672 004.28 | 0.98 |
| Total Sweden |  | 15 794 300.98 | 5.80 |
| Switzerland |  |  |  |
| CHF	ADECCO GROUP AG CHF0.1 (REGD) | 51 899.00 | 2 911 738.61 | 1.07 |
| CHF	KUEHNE&NAGEL INTL CHF1(REGD)(POST-SUBD) | 18 642.00 | 2 750 916.70 | 1.01 |
| CHF	LAFARGEHOLCIM LTD CHF2 (REGD) | 55 338.00 | 2 589 409.65 | 0.95 |
| CHF	NOVARTIS AG CHF0.50(REGD) | 33 171.00 | 2 771 366.29 | 1.02 |
| CHF	SONOVA HOLDING AG CHF0.05 (REGD) | 12 350.00 | 2 558 805.43 | 0.94 |
| CHF	SWISS LIFE HLDG CHF5.1(REGD) | 5 603.00 | 2 521 108.52 | 0.92 |
| CHF	SWISSCOM AG CHF1(REGD) | 5 840.00 | 2 743 288.67 | 1.01 |
| CHF	ZURICH INSURANCE GRP CHF0.10 | 7 587.00 | 2 701 175.41 | 0.99 |
| Total Switzerland |  | 21 547 809.28 | 7.91 |
| United Kingdom |  |  |  |
| GBP	ANGLO AMERICAN USD0.54945 | 116 717.00 | 2 774 783.93 | 1.02 |
| GBP	BP ORD USD0.25 | 462 549.00 | 2 605 723.61 | 0.96 |
| GBP	DIAGEO ORD GBP0.28 101/108 | 73 380.00 | 2 724 581.90 | 1.00 |
| GBP	DIRECT LINE INSURA ORD GBP 0.109090909 | 793 918.00 | 2 844 416.08 | 1.04 |
| GBP	GLAXOSMITHKLINE ORD GBP0.25 | 133 107.00 | 2 738 917.36 | 1.01 |
| GBP	HSBC HLDGS ORD USD0.50(UK REG) | 396 600.00 | 2 681 326.96 | 0.98 |
| GBP	IMPERIAL BRANDS PL GBP0.10 | 133 212.00 | 2 661 689.81 | 0.98 |
| GBP	LEGAL & GENERAL GP ORD GBP0.025 | 852 529.00 | 2 809 372.62 | 1.03 |

UBS (Lux) Equity SICAV – European High Dividend (EUR) Semi-Annual Report as of 30 November 2019
|  | Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| GBP | PERSIMMON ORD GBP0.10 | 97 612.00 | 2 929 221.39 | 1.08 |
| GBP | RIO TINTO ORD GBP0.10 | 56 347.00 | 2 777 305.23 | 1.02 |
| GBP | SMITH & NEPHEW ORD USD0.20 | 132 088.00 | 2 682 309.43 | 0.98 |
| GBP | UNILEVER PLC ORD GBP0.031111 | 49 201.00 | 2 642 397.58 | 0.97 |
| Total United Kingdom | 32 872 045.90 | 12.07 |
| Total Registered shares | 135 307 441.11 | 49.67 |
| Total Transferable securities and money market instruments listed on an official stock exchange | 269 800 431.89 | 99.04 |
| Total investments in securities | 269 800 431.89 | 99.04 |
| Forward Foreign Exchange contracts |  |  |
| Forward Foreign Exchange contracts (Purchase/Sale) |  |  |

| CHF | 40 506 400.00 | EUR | 36 891 870.98 | 16.1.2020 | -111 597.70 | -0.04 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 182 994.20 | CHF | 200 900.00 | 16.1.2020 | 574.71 | 0.00 |
| EUR | 177 965.41 | CHF | 195 600.00 | 16.1.2020 | 358.38 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | -110 664.61 | -0.04 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 1 201 872.68 | 0.44 |
| Other assets and liabilities | 1 515 905.24 | 0.56 |
| Total net assets | 272 407 545.20 | 100.00 |

UBS (Lux) Equity SICAV – European High Dividend (EUR) Semi-Annual Report as of 30 November 2019

Translation (ENDE, 2019-11-30):
# UBS (Lux) Equity SICAV
– Emerging Markets High Dividend (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 14.6.2019 | 31.5.2019 | 31.5.2018 |
| Nettovermögen in USD |  | 153 084 411.41 | 202 447 616.03 | 294 575 430.59 |
| Klasse I-B-acc | LU1081985753 |  |  |  |
| Aktien im Umlauf |  | 9 064.6150 | 9 064.6150 | 26 846.8610 |
| Nettoinventarwert pro Aktie in USD |  | 100.05 | 98.92 | 101.26 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 100.05 | 98.92 | 101.26 |
| Klasse I-X-dist | LU0883523192 |  |  |  |
| Aktien im Umlauf |  | 130 122.4070 | 491 771.4250 | 606 269.7390 |
| Nettoinventarwert pro Aktie in USD |  | 85.60 | 84.63 | 89.91 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 85.60 | 84.63 | 89.91 |
| Klasse P-acc | LU0625543631 |  |  |  |
| Aktien im Umlauf |  | 571 876.8660 | 575 085.2390 | 695 732.4820 |
| Nettoinventarwert pro Aktie in USD |  | 93.77 | 92.78 | 96.94 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 93.77 | 92.78 | 96.94 |
| Klasse (CHF hedged) P-acc | LU1081987023 |  |  |  |
| Aktien im Umlauf |  | 193 375.9270 | 194 267.9980 | 249 273.4630 |
| Nettoinventarwert pro Aktie in CHF |  | 81.09 | 80.34 | 86.87 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 81.09 | 80.34 | 86.87 |
| Klasse (EUR hedged) P-acc | LU1081987536 |  |  |  |
| Aktien im Umlauf |  | 213 096.5870 | 214 498.2010 | 296 659.6150 |
| Nettoinventarwert pro Aktie in EUR |  | 82.76 | 82.00 | 88.50 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 82.76 | 82.00 | 88.50 |
| Klasse (CHF hedged) P-dist | LU0669577131 |  |  |  |
| Aktien im Umlauf |  | 142 821.1090 | 144 313.6160 | 185 749.2050 |
| Nettoinventarwert pro Aktie in CHF |  | 77.09 | 76.38 | 83.92 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 77.09 | 76.38 | 83.92 |
| Klasse P-mdist | LU0625543805 |  |  |  |
| Aktien im Umlauf |  | 37 004.6730 | 37 155.8430 | 43 101.6820 |
| Nettoinventarwert pro Aktie in USD |  | 63.99 | 63.32 | 69.52 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 63.99 | 63.32 | 69.52 |
| Klasse Q-acc | LU0847991816 |  |  |  |
| Aktien im Umlauf |  | 187 516.0220 | 402 681.8640 | 471 078.7160 |
| Nettoinventarwert pro Aktie in USD |  | 94.99 | 93.94 | 97.20 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 94.99 | 93.94 | 97.20 |
| Klasse (CHF hedged) Q-acc | LU1240782026 |  |  |  |
| Aktien im Umlauf |  | 81 908.2420 | 82 319.7130 | 190 353.4920 |
| Nettoinventarwert pro Aktie in CHF |  | 111.23 | 110.16 | 117.93 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 111.23 | 110.16 | 117.93 |
| Klasse (EUR hedged) Q-acc | LU1081988344 |  |  |  |
| Aktien im Umlauf |  | 40 390.2950 | 42 158.5470 | 101 033.9560 |
| Nettoinventarwert pro Aktie in EUR |  | 86.75 | 85.92 | 91.81 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 86.75 | 85.92 | 91.81 |
| Klasse (CHF hedged) Q-dist | LU1240782372 |  |  |  |
| Aktien im Umlauf |  | 70 380.1320 | 70 460.1320 | 163 070.1170 |
| Nettoinventarwert pro Aktie in CHF |  | 104.75 | 103.75 | 114.10 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 104.75 | 103.75 | 114.10 |
| 1  Siehe Erläuterung 1 |  |  |  |  |


## Struktur des Wertpapierbestandes
Da der Subfonds UBS (Lux) Equity SICAV – Emerging Markets High Dividend (USD) per 14. Juni 2019 in den Subfonds UBS (Lux) Equity SICAV – Global Emerging Markets Opportunity (USD) fusioniert wurde, gibt es zum Ende der Berichtsperiode weder einen Wertpapierbestand noch eine Struktur des Wertpapierbestandes. Siehe Erläuterung 10.
UBS (Lux) Equity SICAV – Emerging Markets High Dividend (USD) Halbjahresbericht per 30. November 2019
| Ertrags- und Aufwandsrechnung |  |
| --- | --- |
|  | USD |
| Erträge | 1.6.2019-30.11.2019 |
| Zinsertrag aus liquiden Mitteln | 531.50 |
| Dividenden | 973 603.67 |
| Sonstige Erträge (Erläuterung 4) | 174 113.50 |
| Total Erträge | 1 148 248.67 |
|  |  |
| Aufwendungen |  |
| Pauschale Verwaltungskommission (Erläuterung 2) | -99 616.62 |
| Abonnementsabgabe (Erläuterung 3) | -467.97 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -12 225.47 |
| Zinsaufwand aus liquiden Mitteln und Kontokorrentkredit | -2 829.34 |
| Total Aufwendungen | -115 139.40 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | 1 033 109.27 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | -434 995.54 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | 772 951.55 |
| Realisierter Währungsgewinn (-verlust) | -83 199.62 |
| Total der realisierten Gewinne (Verluste) | 254 756.39 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | 1 287 865.66 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 1 317 726.43 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | -111 603.91 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 1 206 122.52 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 2 493 988.18 |


## Veränderungen des Nettovermögens
1.6.2019-30.11.2019
USD
Nettovermögen zu Beginn der Berichtsperiode	202 447 616.03
Rücknahmen	204 941 604.21
Total Rücknahmen	-204 941 604.21
Nettoerträge (-verluste) aus Anlagen	1 033 109.27
Total der realisierten Gewinne (Verluste)	254 756.39
Total der Veränderungen der nicht realisierten Werterhöhung (-minderung)		1 206 122.52	
Nettovermögen am Ende der Berichtsperiode	0.00
Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit	2 493 988.18
UBS (Lux) Equity SICAV – Emerging Markets High Dividend (USD)
Halbjahresbericht per 30. November 2019
| Entwicklung der Aktien im Umlauf |  |
| --- | --- |
|  | 1.6.2019-30.11.2019 |
| Klasse | I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 9 064.6150 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -9 064.6150 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 0.0000 |
| Klasse | I-X-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 491 771.4250 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -491 771.4250 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 0.0000 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 575 085.2390 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -575 085.2390 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 0.0000 |
| Klasse | (CHF hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 194 267.9980 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -194 267.9980 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 0.0000 |
| Klasse | (EUR hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 214 498.2010 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -214 498.2010 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 0.0000 |
| Klasse | (CHF hedged) P-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 144 313.6160 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -144 313.6160 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 0.0000 |
| Klasse | P-mdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 37 155.8430 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -37 155.8430 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 0.0000 |
| Klasse | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 402 681.8640 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -402 681.8640 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 0.0000 |
| Klasse | (CHF hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 82 319.7130 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -82 319.7130 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 0.0000 |
| Klasse | (EUR hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 42 158.5470 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -42 158.5470 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 0.0000 |
| Klasse | (CHF hedged) Q-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 70 460.1320 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -70 460.1320 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 0.0000 |

UBS (Lux) Equity SICAV – Emerging Markets High Dividend (USD) Halbjahresbericht per 30. November 2019