# UBS (Lux) Equity Fund – Tech Opportunity (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 31.5.2022 | 30.11.2021 | 30.11.2020 |
| Net assets in USD |  | 191 866 439.08 | 275 039 767.89 | 387 052 613.81 |
| Class P-acc | LU0081259029 |  |  |  |
| Units outstanding |  | 152 450.8010 | 162 767.4650 | 371 988.4560 |
| Net asset value per unit in USD |  | 562.76 | 746.03 | 641.69 |
| Issue and redemption price per unit in USD 1 |  | 562.76 | 746.03 | 641.69 |
| Class (CHF hedged) P-acc | LU0855184452 |  |  |  |
| Units outstanding |  | 39 958.1140 | 40 724.7840 | 37 025.2440 |
| Net asset value per unit in CHF |  | 299.69 | 402.64 | 350.59 |
| Issue and redemption price per unit in CHF 1 |  | 299.69 | 402.64 | 350.59 |
| Class (EUR hedged) P-acc | LU0804734787 |  |  |  |
| Units outstanding |  | 152 867.5490 | 166 589.9750 | 190 210.2900 |
| Net asset value per unit in EUR |  | 288.35 | 387.41 | 336.56 |
| Issue and redemption price per unit in EUR 1 |  | 288.35 | 387.41 | 336.56 |
| Class Q-acc | LU0404636747 |  |  |  |
| Units outstanding |  | 103 352.3130 | 105 043.8640 | 108 094.8670 |
| Net asset value per unit in USD |  | 362.22 | 477.75 | 406.78 |
| Issue and redemption price per unit in USD 1 |  | 362.22 | 477.75 | 406.78 |
| Class (CHF hedged) Q-acc | LU1240779824 |  |  |  |
| Units outstanding |  | 16 305.3690 | 17 142.3650 | 19 891.5370 |
| Net asset value per unit in CHF |  | 259.93 | 347.46 | 299.46 |
| Issue and redemption price per unit in CHF 1 |  | 259.93 | 347.46 | 299.46 |
| Class (EUR hedged) Q-acc | LU0979667374 |  |  |  |
| Units outstanding |  | 15 560.0120 | 16 300.3510 | 18 539.2500 |
| Net asset value per unit in EUR |  | 270.12 | 361.08 | 310.50 |
| Issue and redemption price per unit in EUR 1 |  | 270.12 | 361.08 | 310.50 |
| 1  See note 1 |  |  |  |  |


## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| United States | 80.03 |
| --- | --- |
| France | 4.43 |
| The Netherlands | 4.41 |
| Israel | 2.20 |
| Argentina | 2.13 |
| Taiwan | 2.02 |
| Japan | 1.77 |
| South Korea | 1.63 |
| Total | 98.62 |

Economic Breakdown as a % of net assets	
| Internet, software & IT services | 35.80 |
| --- | --- |
| Electronics & semiconductors | 30.30 |
| Banks & credit institutions | 12.25 |
| Finance & holding companies | 5.38 |
| Retail trade, department stores | 4.50 |
| Real Estate | 2.18 |
| Graphic design, publishing & media | 2.15 |
| Vehicles | 2.03 |
| Electrical devices & components | 2.02 |
| Traffic & transportation | 2.01 |
| Total | 98.62 |

UBS (Lux) Equity Fund – Tech Opportunity (USD) Semi-Annual Report as of 31 May 2022

## Statement of Net Assets
Assets	31.5.2022
USD
Investments in securities, cost	224 884 490.14
| Investments in securities, unrealized appreciation (depreciation) | 	-35 669 473.61	 |
| --- | --- |
| Total investments in securities (Note 1) | 189 215 016.53 |
| Cash at banks, deposits on demand and deposit accounts | 2 809 973.19 |
| Receivable on securities sales (Note 1) | 2 120 982.99 |
| Receivable on subscriptions | 120 800.08 |
| Interest receivable on liquid assets | 8.78 |
| Receivable on dividends | 29 967.27 |
| Prepaid expenses | 18 553.39 |
| Unrealized gain on forward foreign exchange contracts (Note 1) | 1 131 406.04 |
| Total Assets | 195 446 708.27 |
|  |  |
| Liabilities |  |
| Payable on securities purchases (Note 1) | -3 030 932.33 |
| Payable on redemptions | -69 937.14 |
| Provisions for flat fee (Note 2) | -291 115.24 |
| Provisions for taxe d’abonnement (Note 3) | -16 076.79 |
| Provisions for other liabilities | -166 600.00 |
| Provisions for other commissions and fees (Note 2) | 	-5 607.69	 |
| Total provisions | -479 399.72 |
| Total Liabilities | -3 580 269.19 |
|  |  |
| Net assets at the end of the period | 191 866 439.08 |
| Statement of Operations | USD |
| Income | 1.12.2021-31.5.2022 |
| Interest on liquid assets | 14.47 |
| Dividends | 258 295.63 |
| Net income on securities lending (Note 10) | 26 831.73 |
| Other income (Note 4) | 2 611.37 |
| Total income | 287 753.20 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -2 194 626.74 |
| Taxe d’abonnement (Note 3) | -59 526.97 |
| Other commissions and fees (Note 2) | -46 177.79 |
| Interest on cash and bank overdraft | -173.19 |
| Total expenses | -2 300 504.69 |
|  |  |
| Net income (loss) on investments | -2 012 751.49 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 11 854 402.68 |
| Realized gain (loss) on forward foreign exchange contracts | -7 032 689.48 |
| Realized gain (loss) on foreign exchange | 1 740 819.37 |
| Total realized gain (loss) | 6 562 532.57 |
|  |  |
| Net realized gain (loss) of the period | 4 549 781.08 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | -74 333 050.91 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | 527 369.41 |
| Total changes in unrealized appreciation (depreciation) | -73 805 681.50 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | -69 255 900.42 |

UBS (Lux) Equity Fund – Tech Opportunity (USD) Semi-Annual Report as of 31 May 2022
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.12.2021-31.5.2022 |
| Net assets at the beginning of the period | 275 039 767.89 |
| Subscriptions | 11 494 953.51 |
| Redemptions | 	-25 412 381.90	 |
| Total net subscriptions (redemptions) | -13 917 428.39 |
| Net income (loss) on investments | -2 012 751.49 |
| Total realized gain (loss) | 6 562 532.57 |
| Total changes in unrealized appreciation (depreciation) | 	-73 805 681.50	 |
| Net increase (decrease) in net assets as a result of operations | -69 255 900.42 |
| Net assets at the end of the period | 191 866 439.08 |
| Development of the outstanding units |  |
|  | 1.12.2021-31.5.2022 |
| Class | P-acc |
| Number of units outstanding at the beginning of the period | 162 767.4650 |
| Number of units issued | 3 116.6000 |
| Number of units redeemed | -13 433.2640 |
| Number of units outstanding at the end of the period | 152 450.8010 |
| Class | (CHF hedged) P-acc |
| Number of units outstanding at the beginning of the period | 40 724.7840 |
| Number of units issued | 3 951.1800 |
| Number of units redeemed | -4 717.8500 |
| Number of units outstanding at the end of the period | 39 958.1140 |
| Class | (EUR hedged) P-acc |
| Number of units outstanding at the beginning of the period | 166 589.9750 |
| Number of units issued | 4 878.6620 |
| Number of units redeemed | -18 601.0880 |
| Number of units outstanding at the end of the period | 152 867.5490 |
| Class | Q-acc |
| Number of units outstanding at the beginning of the period | 105 043.8640 |
| Number of units issued | 12 178.0370 |
| Number of units redeemed | -13 869.5880 |
| Number of units outstanding at the end of the period | 103 352.3130 |
| Class | (CHF hedged) Q-acc |
| Number of units outstanding at the beginning of the period | 17 142.3650 |
| Number of units issued | 677.8920 |
| Number of units redeemed | -1 514.8880 |
| Number of units outstanding at the end of the period | 16 305.3690 |
| Class | (EUR hedged) Q-acc |
| Number of units outstanding at the beginning of the period | 16 300.3510 |
| Number of units issued | 186.4600 |
| Number of units redeemed | -926.7990 |
| Number of units outstanding at the end of the period | 15 560.0120 |

UBS (Lux) Equity Fund – Tech Opportunity (USD) Semi-Annual Report as of 31 May 2022
Statement of Investments in Securities and other Net Assets as of 31 May 2022
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Equities |  |  |  |
| Argentina |  |  |  |
| USD	MERCADOLIBRE INC COM STK USD0.001 | 5 205.00 | 4 090 505.40 | 2.13 |
| Total Argentina |  | 4 090 505.40 | 2.13 |
| France |  |  |  |
| EUR	UBISOFT ENTERTAIN EUR0.31 | 162 617.00 | 8 492 418.74 | 4.43 |
| Total France |  | 8 492 418.74 | 4.43 |
| Israel |  |  |  |
| USD	WIX.COM LTD COM ILS0.01 | 67 138.00 | 4 230 365.38 | 2.20 |
| Total Israel |  | 4 230 365.38 | 2.20 |
| Japan |  |  |  |
| JPY	SOFTBANK GROUP CO NPV | 81 200.00 | 3 395 194.53 | 1.77 |
| Total Japan |  | 3 395 194.53 | 1.77 |
| The Netherlands |  |  |  |
| EUR	ASML HOLDING NV EUR0.09 | 14 728.00 | 8 456 670.32 | 4.41 |
| Total The Netherlands |  | 8 456 670.32 | 4.41 |
| South Korea |  |  |  |
| KRW	SK HYNIX INC KRW5000 | 35 862.00 | 3 130 533.64 | 1.63 |
| Total South Korea |  | 3 130 533.64 | 1.63 |
| Taiwan |  |  |  |
| TWD	MEDIATEK INC TWD10 | 124 000.00 | 3 866 322.14 | 2.02 |
| Total Taiwan |  | 3 866 322.14 | 2.02 |
| United States |  |  |  |
| USD	ADOBE INC COM USD0.0001 | 20 946.00 | 8 723 590.08 | 4.55 |
| USD	ADVANCED MICRO DEV COM USD0.01 | 123 217.00 | 12 550 883.62 | 6.54 |
| USD	AMAZON COM INC COM USD0.01 | 3 588.00 | 8 626 233.72 | 4.49 |
| USD	AMBARELLA INC COM USD0.00045 | 52 085.00 | 4 438 683.70 | 2.31 |
| USD	CARVANA CO COM USD0.001 CL A | 132 105.00 | 3 889 171.20 | 2.03 |
| USD	DROPBOX INC COM USD0.00001 CL A | 213 356.00 | 4 446 339.04 | 2.32 |
| USD	F5 NETWORK INC COM STK NPV | 26 452.00 | 4 312 734.08 | 2.25 |
| USD	LYFT INC COM USD0.00001 CLASS A | 218 297.00 | 3 859 490.96 | 2.01 |
| USD	MARVELL TECHNOLOGY COM USD0.002 | 174 384.00 | 10 314 813.60 | 5.38 |
| USD	MASTERCARD INC COM USD0.0001 CLASS ‘A’ | 32 082.00 | 11 481 185.34 | 5.98 |
| USD	MICRON TECHNOLOGY COM USD0.10 | 153 388.00 | 11 326 169.92 | 5.90 |
| USD	NETFLIX INC COM USD0.001 | 22 995.00 | 4 540 132.80 | 2.37 |
| USD	OKTA INC COM USD0.0001 CL A | 50 167.00 | 4 166 369.35 | 2.17 |
| USD	ON SEMICONDUCTOR COM USD0.01 | 156 755.00 | 9 511 893.40 | 4.96 |
| USD	PINTEREST INC COM USD0.00001 CL A | 185 479.00 | 3 644 662.35 | 1.90 |
| USD	SNAP INC COM USD0.00001 CL A | 292 454.00 | 4 126 525.94 | 2.15 |
| USD	TAKE TWO INTERACTI COM USD0.01 | 33 694.00 | 4 195 913.82 | 2.19 |
| USD	UBER TECHNOLOGIES COM USD0.00001 | 187 670.00 | 4 353 944.00 | 2.27 |
| USD	UNIVERSAL DISPLAY COM USD0.01 | 33 640.00 | 4 249 068.40 | 2.21 |
| USD	VEEVA SYSTEMS INC COM USD0.00001 CL ‘A’ | 25 009.00 | 4 258 032.34 | 2.22 |
| USD	VISA INC COM STK USD0.0001 | 56 677.00 | 12 025 159.09 | 6.27 |
| USD	VMWARE INC COM STK USD0.01 CLASS ‘A’ | 45 627.00 | 5 844 818.70 | 3.05 |
| USD	WAYFAIR INC COM USD0.001 A | 70 508.00 | 4 187 470.12 | 2.18 |
| USD	WOLFSPEED INC COM USD0.00125 | 59 547.00 | 4 479 720.81 | 2.33 |
| Total United States |  | 153 553 006.38 | 80.03 |
| Total Equities |  | 189 215 016.53 | 98.62 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 189 215 016.53 | 98.62 |
| Total investments in securities |  | 189 215 016.53 | 98.62 |
| Forward Foreign Exchange contracts |  |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| EUR | 49 078 800.00 | USD | 51 888 507.31 | 13.6.2022 | 708 485.55 | 0.38 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 16 117 100.00 | USD | 16 323 295.87 | 13.6.2022 | 498 224.30 | 0.26 |
| USD | 1 067 590.15 | CHF | 1 056 100.00 | 13.6.2022 | -34 668.16 | -0.01 |
| USD | 3 796 733.45 | EUR | 3 597 200.00 | 13.6.2022 | -58 330.30 | -0.03 |
| EUR | 163 400.00 | USD | 169 749.79 | 13.6.2022 | 5 363.47 | 0.00 |
| EUR | 165 800.00 | USD | 172 884.15 | 13.6.2022 | 4 801.15 | 0.00 |
| CHF | 7 500.00 | USD | 7 484.85 | 13.6.2022 | 342.95 | 0.00 |
| EUR | 209 500.00 | USD | 220 836.49 | 13.6.2022 | 3 681.43 | 0.00 |
| CHF | 218 000.00 | USD | 219 687.57 | 13.6.2022 | 7 840.42 | 0.00 |
| EUR | 397 500.00 | USD | 417 199.66 | 13.6.2022 | 8 794.96 | 0.00 |
| USD | 683 075.91 | EUR | 644 300.00 | 13.6.2022 | -7 410.46 | 0.00 |
| EUR | 446 300.00 | USD | 472 035.44 | 13.6.2022 | 6 257.39 | 0.00 |
| USD | 1 186 951.85 | EUR | 1 105 900.00 | 13.6.2022 | 1 775.88 | 0.00 |
| USD | 252 396.54 | CHF | 242 000.00 | 13.6.2022 | -180.41 | 0.00 |
| EUR | 1 700 000.00 | USD | 1 834 345.56 | 13.6.2022 | -12 481.78 | -0.01 |
| CHF | 770 000.00 | USD | 804 744.27 | 13.6.2022 | -1 090.35 | 0.00 |
| Total Forward Foreign Exchange contracts | 1 131 406.04 | 0.59 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 2 809 973.19 | 1.46 |
| Other assets and liabilities | -1 289 956.68 | -0.67 |
| Total net assets | 191 866 439.08 | 100.00 |
| UBS (Lux) Equity Fund – Tech Opportunity (USD) Semi-Annual Report as of 31 May 2022 |  |  |

Translation (ENFR, 2022-05-31):
# UBS (Lux) Equity Fund – Tech Opportunity (USD)
| Données principales |  |
| --- | --- |
|  | ISIN | 31.5.2022 | 30.11.2021 | 30.11.2020 |
| Actif net en USD |  | 191 866 439.08 | 275 039 767.89 | 387 052 613.81 |
| Catégorie P-acc | LU0081259029 |  |  |  |
| Parts en circulation |  | 152 450.8010 | 162 767.4650 | 371 988.4560 |
| Valeur nette d’inventaire par part en USD |  | 562.76 | 746.03 | 641.69 |
| Prix d’émission et de rachat par part en USD 1 |  | 562.76 | 746.03 | 641.69 |
| Catégorie (CHF hedged) P-acc | LU0855184452 |  |  |  |
| Parts en circulation |  | 39 958.1140 | 40 724.7840 | 37 025.2440 |
| Valeur nette d’inventaire par part en CHF |  | 299.69 | 402.64 | 350.59 |
| Prix d’émission et de rachat par part en CHF 1 |  | 299.69 | 402.64 | 350.59 |
| Catégorie (EUR hedged) P-acc | LU0804734787 |  |  |  |
| Parts en circulation |  | 152 867.5490 | 166 589.9750 | 190 210.2900 |
| Valeur nette d’inventaire par part en EUR |  | 288.35 | 387.41 | 336.56 |
| Prix d’émission et de rachat par part en EUR 1 |  | 288.35 | 387.41 | 336.56 |
| Catégorie Q-acc | LU0404636747 |  |  |  |
| Parts en circulation |  | 103 352.3130 | 105 043.8640 | 108 094.8670 |
| Valeur nette d’inventaire par part en USD |  | 362.22 | 477.75 | 406.78 |
| Prix d’émission et de rachat par part en USD 1 |  | 362.22 | 477.75 | 406.78 |
| Catégorie (CHF hedged) Q-acc | LU1240779824 |  |  |  |
| Parts en circulation |  | 16 305.3690 | 17 142.3650 | 19 891.5370 |
| Valeur nette d’inventaire par part en CHF |  | 259.93 | 347.46 | 299.46 |
| Prix d’émission et de rachat par part en CHF 1 |  | 259.93 | 347.46 | 299.46 |
| Catégorie (EUR hedged) Q-acc | LU0979667374 |  |  |  |
| Parts en circulation |  | 15 560.0120 | 16 300.3510 | 18 539.2500 |
| Valeur nette d’inventaire par part en EUR |  | 270.12 | 361.08 | 310.50 |
| Prix d’émission et de rachat par part en EUR 1 |  | 270.12 | 361.08 | 310.50 |
| 1  Voir note 1 |  |  |  |  |

UBS (Lux) Equity Fund – Tech Opportunity (USD) Rapport semestriel au 31 mai 2022

## Structure du portefeuille-titres
Répartition géographique en % de l’actif net	
| Etats-Unis | 80.03 |
| --- | --- |
| France | 4.43 |
| Pays-Bas | 4.41 |
| Israël | 2.20 |
| Argentine | 2.13 |
| Taïwan | 2.02 |
| Japon | 1.77 |
| Corée du Sud | 1.63 |
| Total | 98.62 |

Répartition économique en % de l’actif net	
| Internet, logiciels et services informatiques | 35.80 |
| --- | --- |
| Electronique et semi-conducteurs | 30.30 |
| Banques & instituts de crédit | 12.25 |
| Etablissements financiers et sociétés de participation | 5.38 |
| Commerce de détail, centres commerciaux | 4.50 |
| Immobilier | 2.18 |
| Industrie graphique, édition et médias | 2.15 |
| Véhicules | 2.03 |
| Appareils et composants électriques | 2.02 |
| Trafic et transport | 2.01 |
| Total | 98.62 |


## Etat des actifs nets
Actif	31.5.2022
USD
Portefeuille-titres, cours d’achat	224 884 490.14
| Portefeuille-titres, plus- (moins-) value non-réalisée | 	-35 669 473.61	 |
| --- | --- |
| Total portefeuille-titres (note 1) | 189 215 016.53 |
| Avoirs en banque, dépôts à vue et à terme | 2 809 973.19 |
| A recevoir sur ventes de titres (note 1) | 2 120 982.99 |
| A recevoir sur souscriptions | 120 800.08 |
| Intérêts à recevoir sur liquidités | 8.78 |
| A recevoir sur dividendes | 29 967.27 |
| Frais payés d’avance | 18 553.39 |
| Bénéfice non réalisé sur contrats de change à terme (note 1) | 1 131 406.04 |
| Total Actif | 195 446 708.27 |
|  |  |
| Passif |  |
| A payer sur achats de titres (note 1) | -3 030 932.33 |
| A payer sur rachats | -69 937.14 |
| Provisions pour commission de gestion forfaitaire (note 2) | -291 115.24 |
| Provisions pour taxe d’abonnement (note 3) | -16 076.79 |
| Provisions pour autres engagements | -166 600.00 |
| Provisions pour autres commissions et frais (note 2) | 	-5 607.69	 |
| Total des Provisions pour frais | -479 399.72 |
| Total Passif | -3 580 269.19 |
|  |  |
| Actifs nets à la fin de la période | 191 866 439.08 |
| Etat des opérations | USD |
| Revenus | 1.12.2021-31.5.2022 |
| Revenus d’intérêts sur liquidités | 14.47 |
| Dividendes | 258 295.63 |
| Revenus nets sur prêts de titres (note 10) | 26 831.73 |
| Autres revenus (note 4) | 2 611.37 |
| Total des Revenus | 287 753.20 |
|  |  |
| Charges |  |
| Commission de gestion forfaitaire (note 2) | -2 194 626.74 |
| Taxe d’abonnement (note 3) | -59 526.97 |
| Autres commissions et frais (note 2) | -46 177.79 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -173.19 |
| Total des Charges | -2 300 504.69 |
|  |  |
| Revenus (Pertes) net(te)s des investissements | -2 012 751.49 |
|  |  |
| Bénéfices (pertes) réalisé(e)s (note 1) |  |
| Bénéfice (perte) réalisé(e) sur titres évalués à la valeur de marché hors options | 11 854 402.68 |
| Bénéfice (perte) réalisé(e) sur contrats de change à terme | -7 032 689.48 |
| Bénéfice (perte) réalisé(e) de change réalisé(e) | 1 740 819.37 |
| Total des Bénéfices (pertes) réalisé(e)s | 6 562 532.57 |
|  |  |
| Bénéfice (perte) net(te) réalisé(e) au cours de la période | 4 549 781.08 |
|  |  |
| Variations des plus- (moins-) values non-réalisées (note 1) |  |
| Plus- (Moins-) value non réalisée sur titres évalués à la valeur de marché hors options | -74 333 050.91 |
| Plus- (Moins-) value non réalisée sur contrats de change à terme | 527 369.41 |
| Total des Variations des plus- (moins-) values non-réalisées | -73 805 681.50 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | -69 255 900.42 |

UBS (Lux) Equity Fund – Tech Opportunity (USD) Rapport semestriel au 31 mai 2022
| Variations de l’actif net |  |
| --- | --- |
|  | USD |
|  | 1.12.2021-31.5.2022 |
| Actif net au début de la période | 275 039 767.89 |
| Souscriptions | 11 494 953.51 |
| Rachats | 	-25 412 381.90	 |
| Souscriptions (Rachats) net(te)s | -13 917 428.39 |
| Revenus (Pertes) net(te)s des investissements | -2 012 751.49 |
| Total des Bénéfices (pertes) réalisé(e)s | 6 562 532.57 |
| Total des Variations des plus- (moins-) values non-réalisées | 	-73 805 681.50	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | -69 255 900.42 |
| Actifs nets à la fin de la période | 191 866 439.08 |
| Evolution des parts en circulation |  |
|  | 1.12.2021-31.5.2022 |
| Catégorie | P-acc |
| Nombre de parts en circulation au début de la période | 162 767.4650 |
| Nombre de parts émises | 3 116.6000 |
| Nombre de parts rachetées | -13 433.2640 |
| Nombre de parts en circulation à la fin de la période | 152 450.8010 |
| Catégorie | (CHF hedged) P-acc |
| Nombre de parts en circulation au début de la période | 40 724.7840 |
| Nombre de parts émises | 3 951.1800 |
| Nombre de parts rachetées | -4 717.8500 |
| Nombre de parts en circulation à la fin de la période | 39 958.1140 |
| Catégorie | (EUR hedged) P-acc |
| Nombre de parts en circulation au début de la période | 166 589.9750 |
| Nombre de parts émises | 4 878.6620 |
| Nombre de parts rachetées | -18 601.0880 |
| Nombre de parts en circulation à la fin de la période | 152 867.5490 |
| Catégorie | Q-acc |
| Nombre de parts en circulation au début de la période | 105 043.8640 |
| Nombre de parts émises | 12 178.0370 |
| Nombre de parts rachetées | -13 869.5880 |
| Nombre de parts en circulation à la fin de la période | 103 352.3130 |
| Catégorie | (CHF hedged) Q-acc |
| Nombre de parts en circulation au début de la période | 17 142.3650 |
| Nombre de parts émises | 677.8920 |
| Nombre de parts rachetées | -1 514.8880 |
| Nombre de parts en circulation à la fin de la période | 16 305.3690 |
| Catégorie | (EUR hedged) Q-acc |
| Nombre de parts en circulation au début de la période | 16 300.3510 |
| Nombre de parts émises | 186.4600 |
| Nombre de parts rachetées | -926.7990 |
| Nombre de parts en circulation à la fin de la période | 15 560.0120 |

UBS (Lux) Equity Fund – Tech Opportunity (USD) Rapport semestriel au 31 mai 2022

## Etat du portefeuille-titres et autres actifs nets au 31 mai 2022
| Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
| Titres et instruments du marché monétaire négociés sur une bourse officielle |  |  |  |
| Actions |  |  |  |
| Argentine |  |  |  |
| USD	MERCADOLIBRE INC COM STK USD0.001 | 5 205.00 | 4 090 505.40 | 2.13 |
| Total Argentine |  | 4 090 505.40 | 2.13 |
| France |  |  |  |
| EUR	UBISOFT ENTERTAIN EUR0.31 | 162 617.00 | 8 492 418.74 | 4.43 |
| Total France |  | 8 492 418.74 | 4.43 |
| Israël |  |  |  |
| USD	WIX.COM LTD COM ILS0.01 | 67 138.00 | 4 230 365.38 | 2.20 |
| Total Israël |  | 4 230 365.38 | 2.20 |
| Japon |  |  |  |
| JPY	SOFTBANK GROUP CO NPV | 81 200.00 | 3 395 194.53 | 1.77 |
| Total Japon |  | 3 395 194.53 | 1.77 |
| Pays-Bas |  |  |  |
| EUR	ASML HOLDING NV EUR0.09 | 14 728.00 | 8 456 670.32 | 4.41 |
| Total Pays-Bas |  | 8 456 670.32 | 4.41 |
| Corée du Sud |  |  |  |
| KRW	SK HYNIX INC KRW5000 | 35 862.00 | 3 130 533.64 | 1.63 |
| Total Corée du Sud |  | 3 130 533.64 | 1.63 |
| Taïwan |  |  |  |
| TWD	MEDIATEK INC TWD10 | 124 000.00 | 3 866 322.14 | 2.02 |
| Total Taïwan |  | 3 866 322.14 | 2.02 |
| Etats-Unis |  |  |  |
| USD	ADOBE INC COM USD0.0001 | 20 946.00 | 8 723 590.08 | 4.55 |
| USD	ADVANCED MICRO DEV COM USD0.01 | 123 217.00 | 12 550 883.62 | 6.54 |
| USD	AMAZON COM INC COM USD0.01 | 3 588.00 | 8 626 233.72 | 4.49 |
| USD	AMBARELLA INC COM USD0.00045 | 52 085.00 | 4 438 683.70 | 2.31 |
| USD	CARVANA CO COM USD0.001 CL A | 132 105.00 | 3 889 171.20 | 2.03 |
| USD	DROPBOX INC COM USD0.00001 CL A | 213 356.00 | 4 446 339.04 | 2.32 |
| USD	F5 NETWORK INC COM STK NPV | 26 452.00 | 4 312 734.08 | 2.25 |
| USD	LYFT INC COM USD0.00001 CLASS A | 218 297.00 | 3 859 490.96 | 2.01 |
| USD	MARVELL TECHNOLOGY COM USD0.002 | 174 384.00 | 10 314 813.60 | 5.38 |
| USD	MASTERCARD INC COM USD0.0001 CLASS ‘A’ | 32 082.00 | 11 481 185.34 | 5.98 |
| USD	MICRON TECHNOLOGY COM USD0.10 | 153 388.00 | 11 326 169.92 | 5.90 |
| USD	NETFLIX INC COM USD0.001 | 22 995.00 | 4 540 132.80 | 2.37 |
| USD	OKTA INC COM USD0.0001 CL A | 50 167.00 | 4 166 369.35 | 2.17 |
| USD	ON SEMICONDUCTOR COM USD0.01 | 156 755.00 | 9 511 893.40 | 4.96 |
| USD	PINTEREST INC COM USD0.00001 CL A | 185 479.00 | 3 644 662.35 | 1.90 |
| USD	SNAP INC COM USD0.00001 CL A | 292 454.00 | 4 126 525.94 | 2.15 |
| USD	TAKE TWO INTERACTI COM USD0.01 | 33 694.00 | 4 195 913.82 | 2.19 |
| USD	UBER TECHNOLOGIES COM USD0.00001 | 187 670.00 | 4 353 944.00 | 2.27 |
| USD	UNIVERSAL DISPLAY COM USD0.01 | 33 640.00 | 4 249 068.40 | 2.21 |
| USD	VEEVA SYSTEMS INC COM USD0.00001 CL ‘A’ | 25 009.00 | 4 258 032.34 | 2.22 |
| USD	VISA INC COM STK USD0.0001 | 56 677.00 | 12 025 159.09 | 6.27 |
| USD	VMWARE INC COM STK USD0.01 CLASS ‘A’ | 45 627.00 | 5 844 818.70 | 3.05 |
| USD	WAYFAIR INC COM USD0.001 A | 70 508.00 | 4 187 470.12 | 2.18 |
| USD	WOLFSPEED INC COM USD0.00125 | 59 547.00 | 4 479 720.81 | 2.33 |
| Total Etats-Unis |  | 153 553 006.38 | 80.03 |
| Total des Actions |  | 189 215 016.53 | 98.62 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 189 215 016.53 | 98.62 |
| Total du Portefeuille-titres |  | 189 215 016.53 | 98.62 |
| Contrats de change à terme |  |  |  |
| Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |  |

| EUR | 49 078 800.00 | USD | 51 888 507.31 | 13.6.2022 | 708 485.55 | 0.38 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 16 117 100.00 | USD | 16 323 295.87 | 13.6.2022 | 498 224.30 | 0.26 |
| USD | 1 067 590.15 | CHF | 1 056 100.00 | 13.6.2022 | -34 668.16 | -0.01 |
| USD | 3 796 733.45 | EUR | 3 597 200.00 | 13.6.2022 | -58 330.30 | -0.03 |
| EUR | 163 400.00 | USD | 169 749.79 | 13.6.2022 | 5 363.47 | 0.00 |
| EUR | 165 800.00 | USD | 172 884.15 | 13.6.2022 | 4 801.15 | 0.00 |
| CHF | 7 500.00 | USD | 7 484.85 | 13.6.2022 | 342.95 | 0.00 |
| EUR | 209 500.00 | USD | 220 836.49 | 13.6.2022 | 3 681.43 | 0.00 |
| CHF | 218 000.00 | USD | 219 687.57 | 13.6.2022 | 7 840.42 | 0.00 |
| EUR | 397 500.00 | USD | 417 199.66 | 13.6.2022 | 8 794.96 | 0.00 |
| USD | 683 075.91 | EUR | 644 300.00 | 13.6.2022 | -7 410.46 | 0.00 |
| EUR | 446 300.00 | USD | 472 035.44 | 13.6.2022 | 6 257.39 | 0.00 |
| USD | 1 186 951.85 | EUR | 1 105 900.00 | 13.6.2022 | 1 775.88 | 0.00 |
| USD | 252 396.54 | CHF | 242 000.00 | 13.6.2022 | -180.41 | 0.00 |
| EUR | 1 700 000.00 | USD | 1 834 345.56 | 13.6.2022 | -12 481.78 | -0.01 |
| CHF | 770 000.00 | USD | 804 744.27 | 13.6.2022 | -1 090.35 | 0.00 |
| Total des Contrats de change à terme | 1 131 406.04 | 0.59 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 2 809 973.19 | 1.46 |
| Autres actifs et passifs | -1 289 956.68 | -0.67 |
| Total de l’Actif net | 191 866 439.08 | 100.00 |

UBS (Lux) Equity Fund – Tech Opportunity (USD) Rapport semestriel au 31 mai 2022