# UBS (Lux) Equity SICAV – Global Defensive (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2020 |
| Net assets in USD |  | 1 668 219.38 |
| Class I-X-acc 1 | LU2191832596 |  |
| Shares outstanding |  | 14 900.0000 |
| Net asset value per share in USD |  | 111.22 |
| Issue and redemption price per share in USD 2 |  | 111.22 |
| Class Q-acc 1 | LU2184890361 |  |
| Shares outstanding |  | 100.0000 |
| Net asset value per share in USD |  | 110.96 |
| Issue and redemption price per share in USD 2 |  | 110.96 |
| 1  First NAV: 25.6.2020 |  |  |
| 2  See note 1 |  |  |
|  |  | Structure of the Securities Portfolio |
|  |  | Geographical Breakdown as a % of net assets	 |
| United States | 77.29 |
| France | 4.32 |
| United Kingdom | 0.57 |
| Switzerland | 0.31 |
| Total | 82.49 |

Economic Breakdown as a % of net assets	
| Countries & central governments | 77.01 |
| --- | --- |
| Investment funds | 4.32 |
| Banks & credit institutions | 0.87 |
| Finance & holding companies | 0.29 |
| Total | 82.49 |

UBS (Lux) Equity SICAV – Global Defensive (USD) Semi-Annual Report as of 30 November 2020

## Statement of Net Assets
Assets	30.11.2020
USD
Investments in securities, cost	1 421 415.38
| Investments in securities, unrealized appreciation (depreciation) | 	-45 257.68	 |
| --- | --- |
| Total investments in securities (Note 1) | 1 376 157.70 |
| Cash at banks, deposits on demand and deposit accounts | 170 792.22 |
| Other liquid assets (Margins) | 6 869.57 |
| Other receivables | 1 532.25 |
| Unrealized gain on financial futures (Note 1) | 130 147.65 |
| Total Assets | 1 685 499.39 |
|  |  |
| Liabilities |  |
| Unrealized loss on forward foreign exchange contracts (Note 1) | -1 953.19 |
| Payable on securities purchases (Note 1) | -15 215.34 |
| Provisions for flat fee (Note 2) | -2.16 |
| Provisions for taxe d’abonnement (Note 3) | -28.39 |
| Provisions for other commissions and fees (Note 2) | 	-80.93	 |
| Total provisions | -111.48 |
| Total Liabilities | -17 280.01 |
|  |  |
| Net assets at the end of the period | 1 668 219.38 |
| Statement of Operations | USD |
| Income | 25.6.2020-30.11.2020 |
| Total income | 0.00 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -21.90 |
| Taxe d’abonnement (Note 3) | -109.43 |
| Other commissions and fees (Note 2) | -79.28 |
| Interest on cash and bank overdraft | -248.85 |
| Total expenses | -459.46 |
|  |  |
| Net income (loss) on investments | -459.46 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 3 030.18 |
| Realized gain (loss) on options | 16 998.25 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | 23.16 |
| Realized gain (loss) on financial futures | 63 528.10 |
| Realized gain (loss) on forward foreign exchange contracts | -2 565.45 |
| Realized gain (loss) on foreign exchange | 4 727.82 |
| Total realized gain (loss) | 85 742.06 |
|  |  |
| Net realized gain (loss) of the period | 85 282.60 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 7 052.55 |
| Unrealized appreciation (depreciation) on options | -53 156.54 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | 846.31 |
| Unrealized appreciation (depreciation) on financial futures | 130 147.65 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -1 953.19 |
| Total changes in unrealized appreciation (depreciation) | 82 936.78 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 168 219.38 |

UBS (Lux) Equity SICAV – Global Defensive (USD) Semi-Annual Report as of 30 November 2020
| Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 25.6.2020-30.11.2020 |
| Net assets at the beginning of the period | 0.00 |
| Subscriptions | 	1 500 000.00	 |
| Total Subscriptions | 1 500 000.00 |
| Net income (loss) on investments | -459.46 |
| Total realized gain (loss) | 85 742.06 |
| Total changes in unrealized appreciation (depreciation) | 	82 936.78	 |
| Net increase (decrease) in net assets as a result of operations | 168 219.38 |
| Net assets at the end of the period | 1 668 219.38 |
| Changes in the Number of Shares outstanding |  |
|  | 25.6.2020-30.11.2020 |
| Class | I-X-acc |
| Number of shares outstanding at the beginning of the period | 0.0000 |
| Number of shares issued | 14 900.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 14 900.0000 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 0.0000 |
| Number of shares issued | 100.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 100.0000 |

UBS (Lux) Equity SICAV – Global Defensive (USD) Semi-Annual Report as of 30 November 2020

## Statement of Investments in Securities and other Net Assets as of 30 November 2020
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Treasury bills, zero coupon |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 26.03.20-25.03.21 | 185 000.00 | 184 945.08 | 11.09 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 23.04.20-22.04.21 | 210 000.00 | 209 924.41 | 12.58 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 21.05.20-20.05.21 | 235 000.00 | 234 901.51 | 14.08 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 05.12.19-03.12.20 | 100 000.00 | 99 999.71 | 5.99 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 02.01.20-31.12.20 | 185 000.00 | 184 987.28 | 11.09 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 30.01.20-28.01.21 | 185 000.00 | 184 973.92 | 11.09 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 27.02.20-25.02.21 | 185 000.00 | 184 961.33 | 11.09 |
| Total USD |  | 1 284 693.24 | 77.01 |
| Total Treasury bills, zero coupon | 1 284 693.24 | 77.01 |
| Total Transferable securities and money market instruments traded on another regulated market | 1 284 693.24 | 77.01 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |  |
| Investment funds, open end |  |  |
| France |  |  |
| USD	LYXOR UCITS ETF EURO STOXX 50 DAILY HEDGED-C-USD	480.00 | 72 057.60 | 4.32 |
| Total France | 72 057.60 | 4.32 |
| Total Investment funds, open end | 72 057.60 | 4.32 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 72 057.60 | 4.32 |
| Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  |  |
| Options on indices, classic-styled |  |  |
| EUR |  |  |
| EUR	GOLDMAN SACHS/EURO STOXX 50 PUT 2944.58540 17.12.20	9.00 | 25.03 | 0.00 |
| EUR	GOLDMAN SACHS/EURO STOXX 50 PUT 3024.16870 18.03.21	9.00 | 448.13 | 0.03 |
| EUR	GOLDMAN SACHS/EURO STOXX 50 PUT 2686.33890 15.04.21	9.00 | 274.38 | 0.02 |
| EUR	GOLDMAN SACHS/EURO STOXX 50 PUT 2576.71190 20.05.21	9.00 | 316.26 | 0.02 |
| EUR	GOLDMAN SACHS/EURO STOXX 50 PUT 2496.48930 17.12.20	-5.00 | -0.72 | 0.00 |
| EUR	GOLDMAN SACHS/EURO STOXX 50 PUT 2528.13090 14.01.21	-5.00 | -13.35 | 0.00 |
| EUR	GOLDMAN SACHS/EURO STOXX 50 PUT 2560.41170 18.02.21	-5.00 | -48.21 | 0.00 |
| EUR	GOLDMAN SACHS/EURO STOXX 50 PUT 2560.41170 17.06.21	-6.00 | -246.92 | -0.01 |
| EUR	MORGAN STANLEY/EURO STOXX 50 PUT 2976.22690 14.01.21	9.00 | 123.14 | 0.01 |
| EUR	MORGAN STANLEY/EURO STOXX 50 PUT 3008.50780 18.02.21	9.00 | 301.14 | 0.02 |
| EUR	MORGAN STANLEY/EURO STOXX 50 PUT 3040.46900 17.06.21	9.00 | 933.00 | 0.05 |
| EUR	MORGAN STANLEY/EURO STOXX 50 PUT 1996.29660 18.03.21	-5.00 | -14.67 | 0.00 |
| EUR	MORGAN STANLEY/EURO STOXX 50 PUT 2169.84590 20.05.21	-6.00 | -90.50 | -0.02 |
| EUR	UBS/EURO STOXX 50 PUT 2261.89410 15.04.21	-6.00 | -70.50 | 0.00 |
| EUR	GOLDMAN SACHS/EURO STOXX 50 PUT 3047.79000 15.07.21	8.00 | 951.20 | 0.06 |
| EUR	UBS/EURO STOXX 50 PUT 2566.56000 15.07.21	-5.00 | -244.42 | -0.01 |
| EUR	GOLDMAN SACHS/EURO STOXX 50 PUT 3110.28100 19.08.21	8.00 | 1 209.16 | 0.07 |
| EUR	MORGAN STANLEY/EURO STOXX 50 PUT 2619.18400 19.08.21	-5.00 | -317.40 | -0.02 |
| EUR	UBS/EURO STOXX 50 PUT 3150.74150 15.09.21	9.00 | 1 578.00 | 0.09 |
| EUR	MORGAN STANLEY/EURO STOXX 50 PUT 2653.25600 15.09.21	-5.00 | -374.87 | -0.02 |
| EUR	UBS/EURO STOXX 50 PUT 3109.61600 13.10.21	8.00 | 1 403.65 | 0.08 |
| EUR	MORGAN STANLEY/EURO STOXX 50 PUT 2618.62400 13.10.21	-5.00 | -389.71 | -0.02 |
| EUR	UBS/EURO STOXX 50 CALL 3364.25250 04.12.20	-25.00 | -3 886.18 | -0.23 |
| EUR	MORGAN STANLEY/EURO STOXX 50 CALL 3631.99680 09.12.20	-24.00 | -70.96 | 0.00 |
| EUR	MORGAN STANLEY/EURO STOXX 50 CALL 3621.45680 16.12.20	-24.00 | -255.72 | -0.03 |
| EUR	UBS/EURO STOXX 50 PUT 3308.06150 18.11.21	8.00 | 2 104.68 | 0.12 |
| EUR	UBS/EURO STOXX 50 PUT 2785.73600 18.11.21	-5.00 | -568.84 | -0.03 |
| EUR	GOLDMAN SACHS/EURO STOXX 50 CALL 3669.93550 23.12.20	-24.00 | -216.96 | -0.01 |
| Total EUR | 2 857.84 | 0.17 |
| JPY |  |  |
| JPY	GOLDMAN SACHS/NIKKEI 225 INDEX PUT 20479.00680 17.12.20	59.00 | 1.38 | 0.00 |
| JPY	GOLDMAN SACHS/NIKKEI 225 INDEX PUT 20701.60470 14.01.21	59.00 | 15.62 | 0.00 |
| JPY	GOLDMAN SACHS/NIKKEI 225 INDEX PUT 22001.57640 18.02.21	62.00 | 81.74 | 0.00 |
| JPY	GOLDMAN SACHS/NIKKEI 225 INDEX PUT 20924.20260 18.03.21	62.00 | 86.15 | 0.01 |
| JPY	GOLDMAN SACHS/NIKKEI 225 INDEX PUT 18718.25740 15.04.21	62.00 | 65.86 | 0.00 |
| JPY	GOLDMAN SACHS/NIKKEI 225 INDEX PUT 18849.59020 20.05.21	62.00 | 90.54 | 0.01 |
| JPY	GOLDMAN SACHS/NIKKEI 225 INDEX PUT 21146.80050 17.06.21	62.00 | 200.42 | 0.01 |
| JPY	GOLDMAN SACHS/NIKKEI 225 INDEX PUT 18526.82320 18.02.21	-35.00 | -12.13 | 0.00 |
| JPY	GOLDMAN SACHS/NIKKEI 225 INDEX PUT 13113.24230 18.03.21	-59.00 | -1.89 | 0.00 |
| JPY	GOLDMAN SACHS/NIKKEI 225 INDEX PUT 15762.15730 15.04.21	-59.00 | -23.51 | 0.00 |
| JPY	GOLDMAN SACHS/NIKKEI 225 INDEX PUT 15873.45620 20.05.21	-35.00 | -21.71 | 0.00 |
| JPY	GOLDMAN SACHS/NIKKEI 225 INDEX PUT 17807.83200 17.06.21	-35.00 | -48.93 | 0.00 |
| JPY	GOLDMAN SACHS/NIKKEI 225 INDEX PUT 21222.26850 20.07.21	59.00 | 231.52 | 0.01 |
| JPY	GOLDMAN SACHS/NIKKEI 225 INDEX PUT 17871.38400 20.07.21	-35.00 | -60.96 | 0.00 |
| JPY	GOLDMAN SACHS/NIKKEI 225 INDEX PUT 21736.58900 19.08.21	59.00 | 301.38 | 0.02 |
| JPY	GOLDMAN SACHS/NIKKEI 225 INDEX PUT 18304.49600 19.08.21	-35.00 | -79.16 | 0.00 |
| JPY	GOLDMAN SACHS/NIKKEI 225 INDEX PUT 22153.40150 15.09.21	59.00 | 371.19 | 0.02 |
| JPY	GOLDMAN SACHS/NIKKEI 225 INDEX PUT 18655.49600 15.09.21	-35.00 | -97.13 | -0.01 |
| JPY	GOLDMAN SACHS/NIKKEI 225 INDEX PUT 22445.39350 13.10.21	59.00 | 449.31 | 0.03 |
| JPY	GOLDMAN SACHS/NIKKEI 225 INDEX PUT 18901.38400 13.10.21	-35.00 | -116.88 | -0.01 |
| JPY	GOLDMAN SACHS/NIKKEI 225 INDEX CALL 24717.05500 02.12.20	-177.00 | -2 913.63 | -0.17 |
| JPY	GOLDMAN SACHS/NIKKEI 225 INDEX CALL 26676.04800 09.12.20	-170.00 | -332.61 | -0.02 |

UBS (Lux) Equity SICAV – Global Defensive (USD) Semi-Annual Report as of 30 November 2020
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX CALL 27019.58700 16.12.20 | -167.00 | -302.09 | -0.02 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 24446.29300 15.04.21 | 55.00 | 345.46 | 0.02 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 24446.29300 18.11.21 | 55.00 | 739.62 | 0.04 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 20586.35200 18.11.21 | -33.00 | -178.46 | -0.01 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 20586.35200 15.04.21 | -50.00 | -89.56 | -0.01 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX CALL 27711.87300 23.12.20 | -165.00 | -176.31 | -0.01 |
| JPY | MERRILL LYNCH/NIKKEI 225 INDEX PUT 25100.61500 14.01.21 | 55.00 | 153.57 | 0.01 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 21113.80800 14.01.21 | -55.00 | -18.39 | 0.00 |
| Total JPY |  |  | -1 339.59 | -0.08 |
| USD |  |  |  |  |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 3013.42100 17.12.20 | 26.00 | 45.73 | 0.00 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 2678.79980 20.05.21 | 27.00 | 867.67 | 0.05 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 2622.97880 14.01.21 | -16.00 | -38.96 | 0.00 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 2629.38450 18.02.21 | -16.00 | -126.01 | -0.01 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 2806.30360 14.01.21 | 27.00 | 111.95 | 0.01 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 2836.80690 18.02.21 | 27.00 | 365.98 | 0.02 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 2867.31020 18.03.21 | 27.00 | 656.26 | 0.04 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 2689.17090 15.04.21 | 27.00 | 616.09 | 0.04 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 2897.81350 17.06.21 | 27.00 | 1 663.95 | 0.10 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 2537.56950 17.12.20 | -16.00 | -7.80 | 0.00 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 2440.26400 18.03.21 | -16.00 | -139.49 | -0.01 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 2264.56500 15.04.21 | -16.00 | -143.44 | -0.01 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 2256.02410 20.05.21 | -16.00 | -210.82 | -0.01 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 2440.26400 17.06.21 | -16.00 | -391.98 | -0.02 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 3083.90900 15.07.21 | 26.00 | 2 564.11 | 0.15 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 2596.97600 15.07.21 | -16.00 | -637.26 | -0.04 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 3216.23450 19.08.21 | 26.00 | 3 645.97 | 0.22 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 2708.40800 19.08.21 | -16.00 | -943.72 | -0.06 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 3189.15950 15.09.21 | 26.00 | 3 795.97 | 0.23 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 2685.60800 15.09.21 | -16.00 | -1 015.40 | -0.06 |
| USD | UBS/S&P 500 INDEX PUT 3314.23650 13.10.21 | 26.00 | 4 891.71 | 0.29 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 2790.93600 13.10.21 | -16.00 | -1 343.26 | -0.08 |
| USD | UBS/S&P 500 INDEX CALL 3684.91200 02.12.20 | -77.00 | -62.25 | 0.00 |
| USD | GOLDMAN SACHS/S&P 500 INDEX CALL 3742.36140 09.12.20 | -76.00 | -144.64 | -0.01 |
| USD | GOLDMAN SACHS/S&P 500 INDEX CALL 3710.50160 16.12.20 | -76.00 | -1 013.82 | -0.06 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 3389.40050 14.01.21 | 25.00 | 916.36 | 0.05 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 3389.40050 18.11.21 | 25.00 | 5 645.87 | 0.34 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 2854.23200 18.11.21 | -15.00 | -1 564.25 | -0.09 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 2854.23200 14.01.21 | -24.00 | -115.91 | -0.01 |
| Total USD |  |  | 17 888.61 | 1.07 |
| Total Options on indices, classic-styled |  | 19 406.86 | 1.16 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  | 19 406.86 | 1.16 |
| Total investments in securities |  | 1 376 157.70 | 82.49 |
| Derivative instruments |  |  |  |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Financial Futures on Indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 18.12.20 | 8.00 | 21 818.69 | 1.31 |
| USD	S&P500 EMINI FUTURE 18.12.20 | 3.00 | 51 102.50 | 3.06 |
| JPY	NIKKEI 225 MINI FUTURE 10.12.20 | 7.00 | 20 714.46 | 1.24 |
| USD	S&P 500 MICRO EMINI FUTURE 18.12.20 | 32.00 | 36 512.00 | 2.19 |
| Total Financial Futures on Indices |  | 130 147.65 | 7.80 |
| Total Derivative instruments listed on an official stock exchange |  | 130 147.65 | 7.80 |
| Total Derivative instruments |  | 130 147.65 | 7.80 |
| Forward Foreign Exchange contracts |  |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| USD | 87 783.68 | EUR | 75 000.00 | 11.12.2020 | -1 953.19 | -0.12 |
| --- | --- | --- | --- | --- | --- | --- |
| Total Forward Foreign Exchange contracts | -1 953.19 | -0.12 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 177 661.79 | 10.65 |
| Other assets and liabilities | -13 794.57 | -0.82 |
| Total net assets | 1 668 219.38 | 100.00 |

UBS (Lux) Equity SICAV – Global Defensive (USD) Semi-Annual Report as of 30 November 2020

Translation (ENDE, 2020-11-30):
# UBS (Lux) Equity SICAV – Global Defensive (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2020 |
| Nettovermögen in USD |  | 1 668 219.38 |
| Klasse I-X-acc 1 | LU2191832596 |  |
| Aktien im Umlauf |  | 14 900.0000 |
| Nettoinventarwert pro Aktie in USD |  | 111.22 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 111.22 |
| Klasse Q-acc 1 | LU2184890361 |  |
| Aktien im Umlauf |  | 100.0000 |
| Nettoinventarwert pro Aktie in USD |  | 110.96 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 110.96 |
| 1  Erste NAV 25.6.2020 |  |  |
| 2  Siehe Erläuterung 1 |  |  |
|  |  | Struktur des Wertpapierbestandes |
|  |  | Geographische Aufteilung in % des Nettovermögens	 |
| Vereinigte Staaten | 77.29 |
| Frankreich | 4.32 |
| Grossbritannien | 0.57 |
| Schweiz | 0.31 |
| Total | 82.49 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Länder- & Zentralregierungen | 77.01 |
| --- | --- |
| Anlagefonds | 4.32 |
| Banken & Kreditinstitute | 0.87 |
| Finanz- & Beteiligungsgesellschaften | 0.29 |
| Total | 82.49 |

UBS (Lux) Equity SICAV – Global Defensive (USD) Halbjahresbericht per 30. November 2020

## Nettovermögensaufstellung
Aktiva	30.11.2020
USD
Wertpapierbestand, Einstandswert	1 421 415.38
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	-45 257.68	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 1 376 157.70 |
| Bankguthaben, Sicht- und Fristgelder | 170 792.22 |
| Andere liquide Mittel (Margins) | 6 869.57 |
| Sonstige Forderungen | 1 532.25 |
| Nicht realisierter Kursgewinn aus Finanzterminkontrakten (Erläuterung 1) | 130 147.65 |
| Total Aktiva | 1 685 499.39 |
|  |  |
| Passiva |  |
| Nicht realisierter Kursverlust aus Devisenterminkontrakten (Erläuterung 1) | -1 953.19 |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -15 215.34 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -2.16 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -28.39 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-80.93	 |
| Total Rückstellungen für Aufwendungen | -111.48 |
| Total Passiva | -17 280.01 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 1 668 219.38 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 25.6.2020-30.11.2020 |
| Total Erträge | 0.00 |
|  |  |
| Aufwendungen |  |
| Pauschale Verwaltungskommission (Erläuterung 2) | -21.90 |
| Abonnementsabgabe (Erläuterung 3) | -109.43 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -79.28 |
| Zinsaufwand aus liquiden Mitteln und Kontokorrentkredit | -248.85 |
| Total Aufwendungen | -459.46 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | -459.46 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 3 030.18 |
| Realisierter Kursgewinn (-verlust) aus Optionen | 16 998.25 |
| Realisierter Kursgewinn (-verlust) aus renditebewerteten Wertpapieren und Geldmarktinstrumenten | 23.16 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | 63 528.10 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | -2 565.45 |
| Realisierter Währungsgewinn (-verlust) | 4 727.82 |
| Total der realisierten Gewinne (Verluste) | 85 742.06 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | 85 282.60 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 7 052.55 |
| Nicht realisierte Werterhöhung (-minderung) von Optionen | -53 156.54 |
| Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente | 846.31 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | 130 147.65 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | -1 953.19 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 82 936.78 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 168 219.38 |

UBS (Lux) Equity SICAV – Global Defensive (USD) Halbjahresbericht per 30. November 2020
| Veränderung des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 25.6.2020-30.11.2020 |
| Nettovermögen zu Beginn der Berichtsperiode | 0.00 |
| Zeichnungen | 	1 500 000.00	 |
| Total Zeichnungen | 1 500 000.00 |
| Nettoerträge (-verluste) aus Anlagen | -459.46 |
| Total der realisierten Gewinne (Verluste) | 85 742.06 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	82 936.78	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 168 219.38 |
| Nettovermögen am Ende der Berichtsperiode | 1 668 219.38 |
| Entwicklung der Aktien im Umlauf |  |
|  | 25.6.2020-30.11.2020 |
| Klasse | I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 0.0000 |
| Anzahl der ausgegebenen Aktien | 14 900.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 14 900.0000 |
| Klasse | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 0.0000 |
| Anzahl der ausgegebenen Aktien | 100.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 100.0000 |

UBS (Lux) Equity SICAV – Global Defensive (USD) Halbjahresbericht per 30. November 2020

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. November 2020
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |

Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden
Treasury-Bills, Nullcoupon
| USD |  |
| --- | --- |
| USD | AMERICA, UNITED STATES OF TB 0.00000% 26.03.20-25.03.21 | 185 000.00 | 184 945.08 | 11.09 |
| USD | AMERICA, UNITED STATES OF TB 0.00000% 23.04.20-22.04.21 | 210 000.00 | 209 924.41 | 12.58 |
| USD | AMERICA, UNITED STATES OF TB 0.00000% 21.05.20-20.05.21 | 235 000.00 | 234 901.51 | 14.08 |
| USD | AMERICA, UNITED STATES OF TB 0.00000% 05.12.19-03.12.20 | 100 000.00 | 99 999.71 | 5.99 |
| USD | AMERICA, UNITED STATES OF TB 0.00000% 02.01.20-31.12.20 | 185 000.00 | 184 987.28 | 11.09 |
| USD | AMERICA, UNITED STATES OF TB 0.00000% 30.01.20-28.01.21 | 185 000.00 | 184 973.92 | 11.09 |
| USD | AMERICA, UNITED STATES OF TB 0.00000% 27.02.20-25.02.21 | 185 000.00 | 184 961.33 | 11.09 |
| Total USD |  |  | 1 284 693.24 | 77.01 |
| Total Treasury-Bills, Nullcoupon | 1 284 693.24 | 77.01 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden | 1 284 693.24 | 77.01 |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
Frankreich
| USD | LYXOR UCITS ETF EURO STOXX 50 DAILY HEDGED-C-USD | 480.00 | 72 057.60 | 4.32 |
| --- | --- | --- | --- | --- |
| Total Frankreich | 72 057.60 | 4.32 |
| Total Investment Fonds, open end | 72 057.60 | 4.32 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 | 72 057.60 | 4.32 |

Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Optionen auf Indizes, klassisch
| EUR |  |
| --- | --- |
| EUR | GOLDMAN SACHS/EURO STOXX 50 PUT 2944.58540 17.12.20 | 9.00 | 25.03 | 0.00 |
| EUR | GOLDMAN SACHS/EURO STOXX 50 PUT 3024.16870 18.03.21 | 9.00 | 448.13 | 0.03 |
| EUR | GOLDMAN SACHS/EURO STOXX 50 PUT 2686.33890 15.04.21 | 9.00 | 274.38 | 0.02 |
| EUR | GOLDMAN SACHS/EURO STOXX 50 PUT 2576.71190 20.05.21 | 9.00 | 316.26 | 0.02 |
| EUR | GOLDMAN SACHS/EURO STOXX 50 PUT 2496.48930 17.12.20 | -5.00 | -0.72 | 0.00 |
| EUR | GOLDMAN SACHS/EURO STOXX 50 PUT 2528.13090 14.01.21 | -5.00 | -13.35 | 0.00 |
| EUR | GOLDMAN SACHS/EURO STOXX 50 PUT 2560.41170 18.02.21 | -5.00 | -48.21 | 0.00 |
| EUR | GOLDMAN SACHS/EURO STOXX 50 PUT 2560.41170 17.06.21 | -6.00 | -246.92 | -0.01 |
| EUR | MORGAN STANLEY/EURO STOXX 50 PUT 2976.22690 14.01.21 | 9.00 | 123.14 | 0.01 |
| EUR | MORGAN STANLEY/EURO STOXX 50 PUT 3008.50780 18.02.21 | 9.00 | 301.14 | 0.02 |
| EUR | MORGAN STANLEY/EURO STOXX 50 PUT 3040.46900 17.06.21 | 9.00 | 933.00 | 0.05 |
| EUR | MORGAN STANLEY/EURO STOXX 50 PUT 1996.29660 18.03.21 | -5.00 | -14.67 | 0.00 |
| EUR | MORGAN STANLEY/EURO STOXX 50 PUT 2169.84590 20.05.21 | -6.00 | -90.50 | -0.02 |
| EUR | UBS/EURO STOXX 50 PUT 2261.89410 15.04.21 | -6.00 | -70.50 | 0.00 |
| EUR | GOLDMAN SACHS/EURO STOXX 50 PUT 3047.79000 15.07.21 | 8.00 | 951.20 | 0.06 |
| EUR | UBS/EURO STOXX 50 PUT 2566.56000 15.07.21 | -5.00 | -244.42 | -0.01 |
| EUR | GOLDMAN SACHS/EURO STOXX 50 PUT 3110.28100 19.08.21 | 8.00 | 1 209.16 | 0.07 |
| EUR | MORGAN STANLEY/EURO STOXX 50 PUT 2619.18400 19.08.21 | -5.00 | -317.40 | -0.02 |
| EUR | UBS/EURO STOXX 50 PUT 3150.74150 15.09.21 | 9.00 | 1 578.00 | 0.09 |
| EUR | MORGAN STANLEY/EURO STOXX 50 PUT 2653.25600 15.09.21 | -5.00 | -374.87 | -0.02 |
| EUR | UBS/EURO STOXX 50 PUT 3109.61600 13.10.21 | 8.00 | 1 403.65 | 0.08 |
| EUR | MORGAN STANLEY/EURO STOXX 50 PUT 2618.62400 13.10.21 | -5.00 | -389.71 | -0.02 |
| EUR | UBS/EURO STOXX 50 CALL 3364.25250 04.12.20 | -25.00 | -3 886.18 | -0.23 |
| EUR | MORGAN STANLEY/EURO STOXX 50 CALL 3631.99680 09.12.20 | -24.00 | -70.96 | 0.00 |
| EUR | MORGAN STANLEY/EURO STOXX 50 CALL 3621.45680 16.12.20 | -24.00 | -255.72 | -0.03 |
| EUR | UBS/EURO STOXX 50 PUT 3308.06150 18.11.21 | 8.00 | 2 104.68 | 0.12 |
| EUR | UBS/EURO STOXX 50 PUT 2785.73600 18.11.21 | -5.00 | -568.84 | -0.03 |
| EUR | GOLDMAN SACHS/EURO STOXX 50 CALL 3669.93550 23.12.20 | -24.00 | -216.96 | -0.01 |
| Total EUR |  |  | 2 857.84 | 0.17 |
| JPY |  |  |  |  |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 20479.00680 17.12.20 | 59.00 | 1.38 | 0.00 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 20701.60470 14.01.21 | 59.00 | 15.62 | 0.00 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 22001.57640 18.02.21 | 62.00 | 81.74 | 0.00 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 20924.20260 18.03.21 | 62.00 | 86.15 | 0.01 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 18718.25740 15.04.21 | 62.00 | 65.86 | 0.00 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 18849.59020 20.05.21 | 62.00 | 90.54 | 0.01 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 21146.80050 17.06.21 | 62.00 | 200.42 | 0.01 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 18526.82320 18.02.21 | -35.00 | -12.13 | 0.00 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 13113.24230 18.03.21 | -59.00 | -1.89 | 0.00 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 15762.15730 15.04.21 | -59.00 | -23.51 | 0.00 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 15873.45620 20.05.21 | -35.00 | -21.71 | 0.00 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 17807.83200 17.06.21 | -35.00 | -48.93 | 0.00 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 21222.26850 20.07.21 | 59.00 | 231.52 | 0.01 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 17871.38400 20.07.21 | -35.00 | -60.96 | 0.00 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 21736.58900 19.08.21 | 59.00 | 301.38 | 0.02 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 18304.49600 19.08.21 | -35.00 | -79.16 | 0.00 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 22153.40150 15.09.21 | 59.00 | 371.19 | 0.02 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 18655.49600 15.09.21 | -35.00 | -97.13 | -0.01 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 22445.39350 13.10.21 | 59.00 | 449.31 | 0.03 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 18901.38400 13.10.21 | -35.00 | -116.88 | -0.01 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX CALL 24717.05500 02.12.20 | -177.00 | -2 913.63 | -0.17 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX CALL 26676.04800 09.12.20 | -170.00 | -332.61 | -0.02 |

UBS (Lux) Equity SICAV – Global Defensive (USD) Halbjahresbericht per 30. November 2020
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX CALL 27019.58700 16.12.20 | -167.00 | -302.09 | -0.02 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 24446.29300 15.04.21 | 55.00 | 345.46 | 0.02 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 24446.29300 18.11.21 | 55.00 | 739.62 | 0.04 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 20586.35200 18.11.21 | -33.00 | -178.46 | -0.01 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 20586.35200 15.04.21 | -50.00 | -89.56 | -0.01 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX CALL 27711.87300 23.12.20 | -165.00 | -176.31 | -0.01 |
| JPY | MERRILL LYNCH/NIKKEI 225 INDEX PUT 25100.61500 14.01.21 | 55.00 | 153.57 | 0.01 |
| JPY | GOLDMAN SACHS/NIKKEI 225 INDEX PUT 21113.80800 14.01.21 | -55.00 | -18.39 | 0.00 |
| Total JPY |  |  | -1 339.59 | -0.08 |
| USD |  |  |  |  |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 3013.42100 17.12.20 | 26.00 | 45.73 | 0.00 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 2678.79980 20.05.21 | 27.00 | 867.67 | 0.05 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 2622.97880 14.01.21 | -16.00 | -38.96 | 0.00 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 2629.38450 18.02.21 | -16.00 | -126.01 | -0.01 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 2806.30360 14.01.21 | 27.00 | 111.95 | 0.01 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 2836.80690 18.02.21 | 27.00 | 365.98 | 0.02 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 2867.31020 18.03.21 | 27.00 | 656.26 | 0.04 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 2689.17090 15.04.21 | 27.00 | 616.09 | 0.04 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 2897.81350 17.06.21 | 27.00 | 1 663.95 | 0.10 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 2537.56950 17.12.20 | -16.00 | -7.80 | 0.00 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 2440.26400 18.03.21 | -16.00 | -139.49 | -0.01 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 2264.56500 15.04.21 | -16.00 | -143.44 | -0.01 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 2256.02410 20.05.21 | -16.00 | -210.82 | -0.01 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 2440.26400 17.06.21 | -16.00 | -391.98 | -0.02 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 3083.90900 15.07.21 | 26.00 | 2 564.11 | 0.15 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 2596.97600 15.07.21 | -16.00 | -637.26 | -0.04 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 3216.23450 19.08.21 | 26.00 | 3 645.97 | 0.22 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 2708.40800 19.08.21 | -16.00 | -943.72 | -0.06 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 3189.15950 15.09.21 | 26.00 | 3 795.97 | 0.23 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 2685.60800 15.09.21 | -16.00 | -1 015.40 | -0.06 |
| USD | UBS/S&P 500 INDEX PUT 3314.23650 13.10.21 | 26.00 | 4 891.71 | 0.29 |
| USD | MORGAN STANLEY/S&P 500 INDEX PUT 2790.93600 13.10.21 | -16.00 | -1 343.26 | -0.08 |
| USD | UBS/S&P 500 INDEX CALL 3684.91200 02.12.20 | -77.00 | -62.25 | 0.00 |
| USD | GOLDMAN SACHS/S&P 500 INDEX CALL 3742.36140 09.12.20 | -76.00 | -144.64 | -0.01 |
| USD | GOLDMAN SACHS/S&P 500 INDEX CALL 3710.50160 16.12.20 | -76.00 | -1 013.82 | -0.06 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 3389.40050 14.01.21 | 25.00 | 916.36 | 0.05 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 3389.40050 18.11.21 | 25.00 | 5 645.87 | 0.34 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 2854.23200 18.11.21 | -15.00 | -1 564.25 | -0.09 |
| USD | GOLDMAN SACHS/S&P 500 INDEX PUT 2854.23200 14.01.21 | -24.00 | -115.91 | -0.01 |
| Total USD |  |  | 17 888.61 | 1.07 |
| Total Optionen auf Indizes, klassisch |  | 19 406.86 | 1.16 |
| Total Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden |  | 19 406.86 | 1.16 |
| Total des Wertpapierbestandes |  | 1 376 157.70 | 82.49 |
| Derivative Instrumente |  |  |  |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Finanzterminkontrakte auf Indizes |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 18.12.20 | 8.00 | 21 818.69 | 1.31 |
| USD	S&P500 EMINI FUTURE 18.12.20 | 3.00 | 51 102.50 | 3.06 |
| JPY	NIKKEI 225 MINI FUTURE 10.12.20 | 7.00 | 20 714.46 | 1.24 |
| USD	S&P 500 MICRO EMINI FUTURE 18.12.20 | 32.00 | 36 512.00 | 2.19 |
| Total Finanzterminkontrakte auf Indizes |  | 130 147.65 | 7.80 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | 130 147.65 | 7.80 |
| Total Derivative Instrumente |  | 130 147.65 | 7.80 |
| Devisenterminkontrakte |  |  |  |
| Gekaufte Währung/ Gekaufter Betrag/Verkaufte Währung/Verkaufter Betrag/Fälligkeitsdatum |  |  |  |

| USD | 87 783.68 | EUR | 75 000.00 | 11.12.2020 | -1 953.19 | -0.12 |
| --- | --- | --- | --- | --- | --- | --- |
| Total Devisenterminkontrakte | -1 953.19 | -0.12 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 177 661.79 | 10.65 |
| Andere Aktiva und Passiva | -13 794.57 | -0.82 |
| Total des Nettovermögens | 1 668 219.38 | 100.00 |

UBS (Lux) Equity SICAV – Global Defensive (USD) Halbjahresbericht per 30. November 2020