# UBS (Lux) Equity SICAV
– US Quantitative Defensive (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Net assets in USD |  | 250 708 774.24 | 229 302 186.02 | 249 426 225.37 |
| Class F-acc | LU1220256165 |  |  |  |
| Shares outstanding |  | 1 424 459.7710 | 1 459 096.4230 | 1 660 698.0740 |
| Net asset value per share in USD |  | 147.24 | 131.03 | 126.10 |
| Issue and redemption price per share in USD 1 |  | 147.24 | 131.03 | 126.10 |
| Class (CHF hedged) F-acc | LU1252258451 |  |  |  |
| Shares outstanding |  | 95 607.4220 | 106 548.9020 | 116 147.6080 |
| Net asset value per share in CHF |  | 132.69 | 119.96 | 119.23 |
| Issue and redemption price per share in CHF 1 |  | 132.69 | 119.96 | 119.23 |
| Class (EUR hedged) F-acc | LU1252258295 |  |  |  |
| Shares outstanding |  | 189 778.1960 | 186 882.0000 | 183 702.5610 |
| Net asset value per share in EUR |  | 135.16 | 121.98 | 120.89 |
| Issue and redemption price per share in EUR 1 |  | 135.16 | 121.98 | 120.89 |
| 1  See note 1 |  |  |  |  |


## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| United States | 94.02 |
| --- | --- |
| Bermuda | 2.54 |
| Canada | 1.64 |
| Ireland | 0.42 |
| United Kingdom | 0.39 |
| Total | 99.01 |

Economic Breakdown as a % of net assets	
| Pharmaceuticals, cosmetics & medical products | 11.91 |
| --- | --- |
| Retail trade, department stores | 10.81 |
| Finance & holding companies | 8.70 |
| Insurance | 8.65 |
| Internet, software & IT services | 8.06 |
| Telecommunications | 6.61 |
| Computer hardware & network equipment providers | 6.28 |
| Food & soft drinks | 5.89 |
| Energy & water supply | 3.88 |
| Petroleum | 3.83 |
| Banks & credit institutions | 2.99 |
| Healthcare & social services | 2.65 |
| Electronics & semiconductors | 2.34 |
| Miscellaneous consumer goods | 2.26 |
| Biotechnology | 2.12 |
| Precious metals & stones | 1.49 |
| Environmental services & recycling | 1.48 |
| Miscellaneous trading companies | 1.45 |
| Graphic design, publishing & media | 1.42 |
| Traffic & transportation | 1.40 |
| Real Estate | 1.22 |
| Lodging, catering & leisure | 1.02 |
| Building industry & materials | 0.90 |
| Miscellaneous services | 0.42 |
| Electrical devices & components | 0.42 |
| Tobacco & alcohol | 0.37 |
| Mechanical engineering & industrial equipment | 0.28 |
| Textiles, garments & leather goods | 0.16 |
| Total | 99.01 |

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

## Statement of Net Assets
Assets	30.11.2019
USD
Investments in securities, cost	219 648 313.48
| Investments in securities, unrealized appreciation (depreciation) | 	28 582 362.35	 |
| --- | --- |
| Total investments in securities (Note 1) | 248 230 675.83 |
| Cash at banks, deposits on demand and deposit accounts | 2 156 856.88 |
| Receivable on subscriptions | 295 807.54 |
| Receivable on dividends | 440 378.86 |
| Other receivables | 6 542.28 |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | -2 468.76 |
| Total Assets | 251 127 792.63 |
|  |  |
| Liabilities |  |
| Payable on securities purchases (Note 1) | -509.40 |
| Payable on redemptions | -335 567.96 |
| Provisions for flat fee (Note 2) | -48 237.49 |
| Provisions for taxe d’abonnement (Note 3) | -4 087.65 |
| Provisions for other commissions and fees (Note 2) | 	-30 615.89	 |
| Total provisions | -82 941.03 |
| Total Liabilities | -419 018.39 |
|  |  |
| Net assets at the end of the period | 250 708 774.24 |
| Statement of Operations | USD |
| Income | 1.6.2019-30.11.2019 |
| Interest on liquid assets | 11 971.03 |
| Dividends | 1 921 024.22 |
| Income on securities lending (Note 13) | 31 716.47 |
| Other income (Note 4) | 6 687.95 |
| Total income | 1 971 399.67 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -611 912.97 |
| Taxe d’abonnement (Note 3) | -12 393.35 |
| Cost on securities lending (Note 13) | -12 686.59 |
| Other commissions and fees (Note 2) | -17 400.30 |
| Interest on cash and bank overdraft | -1 429.22 |
| Total expenses | -655 822.43 |
|  |  |
| Net income (loss) on investments | 1 315 577.24 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 8 205 954.45 |
| Realized gain (loss) on financial futures | 17 235.00 |
| Realized gain (loss) on forward foreign exchange contracts | -800 403.62 |
| Realized gain (loss) on foreign exchange | 17 772.52 |
| Total realized gain (loss) | 7 440 558.35 |
|  |  |
| Net realized gain (loss) of the period | 8 756 135.59 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 18 338 693.92 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -46 380.49 |
| Total changes in unrealized appreciation (depreciation) | 18 292 313.43 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 27 048 449.02 |

UBS (Lux) Equity SICAV – US Quantitative Defensive (USD) Semi-Annual Report as of 30 November 2019
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-30.11.2019 |
| Net assets at the beginning of the period | 229 302 186.02 |
| Subscriptions | 28 023 443.52 |
| Redemptions | 	-33 665 304.32	 |
| Total net subscriptions (redemptions) | -5 641 860.80 |
| Net income (loss) on investments | 1 315 577.24 |
| Total realized gain (loss) | 7 440 558.35 |
| Total changes in unrealized appreciation (depreciation) | 	18 292 313.43	 |
| Net increase (decrease) in net assets as a result of operations | 27 048 449.02 |
| Net assets at the end of the period | 250 708 774.24 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2019-30.11.2019 |
| Class | F-acc |
| Number of shares outstanding at the beginning of the period | 1 459 096.4230 |
| Number of shares issued | 165 257.4550 |
| Number of shares redeemed | -199 894.1070 |
| Number of shares outstanding at the end of the period | 1 424 459.7710 |
| Class | (CHF hedged) F-acc |
| Number of shares outstanding at the beginning of the period | 106 548.9020 |
| Number of shares issued | 5 855.9570 |
| Number of shares redeemed | -16 797.4370 |
| Number of shares outstanding at the end of the period | 95 607.4220 |
| Class | (EUR hedged) F-acc |
| Number of shares outstanding at the beginning of the period | 186 882.0000 |
| Number of shares issued | 26 472.1960 |
| Number of shares redeemed | -23 576.0000 |
| Number of shares outstanding at the end of the period | 189 778.1960 |

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

## Statement of Investments in Securities and other Net Assets as of 30 November 2019
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Bearer shares |  |  |  |
| Canada |  |  |  |
| USD	WASTE CONNECTIONS COM NPV (POST REV SPLT) | 40 938.00 | 3 706 935.90 | 1.48 |
| Total Canada |  | 3 706 935.90 | 1.48 |
| United Kingdom |  |  |  |
| USD	IHS MARKIT LTD COM | 3 544.00 | 257 471.60 | 0.10 |
| USD	WILLIS TOWERS WATS COM USD0.000304635 | 3 688.00 | 724 470.72 | 0.29 |
| Total United Kingdom |  | 981 942.32 | 0.39 |
| United States |  |  |  |
| USD	ALLEGHANY CORP DEL COM | 542.00 | 422 781.68 | 0.17 |
| USD	AMER ELEC PWR INC COM USD6.50 | 31 731.00 | 2 898 626.85 | 1.16 |
| USD	BERKSHIRE HATHAWAY CLASS’B’COM USD0.0033 | 6 625.00 | 1 459 487.50 | 0.58 |
| USD	CADENCE DESIGN SYS COM USD0.01 | 50 340.00 | 3 536 385.00 | 1.41 |
| USD	CDW CORP COM USD0.01 | 26 822.00 | 3 622 311.10 | 1.44 |
| USD	COCA-COLA CO COM USD0.25 | 69 514.00 | 3 712 047.60 | 1.48 |
| USD	DUKE ENERGY CORP COM USD0.001 (POST REV SPLT) | 38 697.00 | 3 411 914.49 | 1.36 |
| USD	EQUITY LIFESTYLE PPTYS INC | 7 200.00 | 533 376.00 | 0.21 |
| USD	FIDELITY NATL FINL FNF GROUP COM USD0.0001 | 50 550.00 | 2 407 696.50 | 0.96 |
| USD	HENRY JACK & ASSOC COM USD0.01 | 1 643.00 | 249 637.42 | 0.10 |
| USD	JOHNSON & JOHNSON COM USD1 | 28 023.00 | 3 852 882.27 | 1.54 |
| USD	MAXIM INTEGRATED COM USD0.001 | 19 330.00 | 1 095 431.10 | 0.44 |
| USD	PEPSICO INC CAP USD0.016666 | 27 969.00 | 3 799 029.27 | 1.51 |
| USD	PHILIP MORRIS INTL COM STK NPV ‘WI’ | 2 937.00 | 243 565.41 | 0.10 |
| USD	PROGRESSIVE CP(OH) COM USD1 | 44 232.00 | 3 231 147.60 | 1.29 |
| USD	SOUTHERN CO COM | 59 946.00 | 3 716 052.54 | 1.48 |
| USD	SYNOPSYS INC COM USD0.01 | 4 757.00 | 670 927.28 | 0.27 |
| USD	UNITED PARCEL SERVICE INC CL B | 5 721.00 | 684 975.33 | 0.27 |
| USD	XCEL ENERGY INC COM | 15 070.00 | 926 654.30 | 0.37 |
| Total United States |  | 40 474 929.24 | 16.14 |
| Total Bearer shares |  | 45 163 807.46 | 18.01 |
| Registered shares |  |  |  |
| Bermuda |  |  |  |
| USD	ARCH CAPITAL GROUP COM USD0.01 | 71 775.00 | 3 012 396.75 | 1.20 |
| USD	EVEREST RE GROUP COM USD0.01 | 7 093.00 | 1 924 047.18 | 0.77 |
| USD	RENAISSANCE RE HLG COM USD1 | 7 525.00 | 1 417 183.25 | 0.57 |
| Total Bermuda |  | 6 353 627.18 | 2.54 |
| Canada |  |  |  |
| USD	LULULEMON ATHLETIC COM STK USD0.01 | 1 825.00 | 411 884.25 | 0.16 |
| Total Canada |  | 411 884.25 | 0.16 |
| Ireland |  |  |  |
| USD	ACCENTURE PLC SHS CL A ‘NEW’ | 5 226.00 | 1 051 262.16 | 0.42 |
| Total Ireland |  | 1 051 262.16 | 0.42 |
| United States |  |  |  |
| USD	ALLSTATE CORP COM | 34 195.00 | 3 807 613.25 | 1.52 |
| USD	ALLY FINANCIAL INC COM USD0.01 | 72 956.00 | 2 322 919.04 | 0.93 |
| USD	ALPHABET INC CAP STK USD0.001 CL A | 304.00 | 396 443.36 | 0.16 |
| USD	ALTRIA GROUP INC COM USD0.333333 | 13 824.00 | 687 052.80 | 0.27 |
| USD	AMAZON COM INC COM USD0.01 | 1 174.00 | 2 114 139.20 | 0.84 |
| USD	AMER INTL GRP COM USD2.50 | 68 128.00 | 3 587 620.48 | 1.43 |
| USD	AMERISOURCEBERGEN COM STK USD0.01 | 27 581.00 | 2 424 645.71 | 0.97 |
| USD	AMGEN INC COM USD0.0001 | 2 112.00 | 495 728.64 | 0.20 |
| USD	ANTHEM INC COM USD0.01 | 9 578.00 | 2 764 785.48 | 1.10 |
| USD	APPLE INC COM NPV | 13 907.00 | 3 716 645.75 | 1.48 |
| USD	AT&T INC COM USD1 | 94 269.00 | 3 523 775.22 | 1.41 |
| USD	ATHENE HOLDING LTD COM USD0.001 CL A | 7 240.00 | 325 944.80 | 0.13 |
| USD	AUTOZONE INC COM USD0.01 | 409.00 | 481 769.28 | 0.19 |
| USD	AXA EQUITABLE HLD COM USD0.01 | 49 341.00 | 1 220 696.34 | 0.49 |
| USD	BAXTER INTL INC COM USD1 | 3 077.00 | 252 221.69 | 0.10 |
| USD	BEST BUY CO INC COM USD0.10 | 43 147.00 | 3 479 374.08 | 1.39 |
| USD	BIOGEN INC COM STK USD0.0005 | 8 035.00 | 2 408 973.35 | 0.96 |
| USD	BRISTOL-MYRS SQUIB COM STK USD0.10 | 63 412.00 | 3 610 679.28 | 1.44 |
| USD	CH ROBINSON WORLDW COM USD0.1 | 19 448.00 | 1 494 578.80 | 0.60 |
| USD	CHEVRON CORP COM USD0.75 | 29 574.00 | 3 464 002.62 | 1.38 |
| USD	CHIPOTLE MEXICAN GRILL INC CL A | 1 436.00 | 1 168 789.12 | 0.47 |
| USD	CISCO SYSTEMS COM USD0.001 | 57 348.00 | 2 598 437.88 | 1.04 |
| USD	COMCAST CORP COM CLS’A’ USD0.01 | 80 604.00 | 3 558 666.60 | 1.42 |
| USD	CONSOLIDATED EDISON INC COM | 12 582.00 | 1 093 249.98 | 0.44 |
| USD	COOPER COS INC COM USD0.10 | 8 756.00 | 2 741 416.04 | 1.09 |
| USD	COSTCO WHSL CORP NEW COM | 822.00 | 246 443.82 | 0.10 |
| USD	CROWN CASTLE INTL COM USD0.01 | 11 200.00 | 1 496 992.00 | 0.60 |
| USD	CVS HEALTH CORP COM STK USD0.01 | 50 517.00 | 3 802 414.59 | 1.52 |
| USD	DANAHER CORP COM USD0.01 | 4 796.00 | 700 120.08 | 0.28 |
| USD	DARDEN RESTAURANTS INC COM | 21 641.00 | 2 563 160.04 | 1.02 |
| USD	DAVITA INC COM USD0.001 | 17 458.00 | 1 252 960.66 | 0.50 |
| USD	DISCOVER FINL SVCS COM STK USD0.01 | 43 213.00 | 3 667 487.31 | 1.46 |
| USD	DOLLAR GENERAL CP COM USD0.875 | 23 062.00 | 3 629 036.32 | 1.45 |
| USD	ELECTRONIC ARTS INC COM | 22 945.00 | 2 317 674.45 | 0.92 |

UBS (Lux) Equity SICAV – US Quantitative Defensive (USD) Semi-Annual Report as of 30 November 2019
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | ELI LILLY AND CO COM NPV | 33 094.00 | 3 883 580.90 | 1.55 |
| USD | ESTEE LAUDER COS CLASS’A’COM USD0.01 | 1 323.00 | 258 606.81 | 0.10 |
| USD | EVERGY INC COM NPV | 43 358.00 | 2 743 260.66 | 1.09 |
| USD | EXTRA SPACE STORAG COM USD0.01 | 9 600.00 | 1 018 080.00 | 0.41 |
| USD | EXXON MOBIL CORP COM NPV | 52 622.00 | 3 585 136.86 | 1.43 |
| USD | FACEBOOK INC COM USD0.000006 CL ‘A’ | 18 832.00 | 3 797 284.48 | 1.51 |
| USD | GILEAD SCIENCES COM USD0.001 | 35 713.00 | 2 401 342.12 | 0.96 |
| USD | GLOBAL PAYMENTS COM NPV | 3 479.00 | 630 046.90 | 0.25 |
| USD | GRAINGER W W INC COM | 3 293.00 | 1 043 716.35 | 0.42 |
| USD | HARTFORD FINL SVCS COM USD0.01 | 5 349.00 | 330 889.14 | 0.13 |
| USD | HCA HEALTHCARE INC COM USD0.01 | 23 726.00 | 3 289 847.16 | 1.31 |
| USD | HERSHEY COMPANY COM USD1.00 | 24 991.00 | 3 702 666.56 | 1.48 |
| USD | HEWLETT PACKARD EN COM USD0.01 | 96 335.00 | 1 524 983.05 | 0.61 |
| USD | HUMANA INC COM USD0.166 | 2 039.00 | 695 767.97 | 0.28 |
| USD | INTEL CORP COM USD0.001 | 63 537.00 | 3 688 322.85 | 1.47 |
| USD | INTL BUSINESS MCHN COM USD0.20 | 25 695.00 | 3 454 692.75 | 1.38 |
| USD | JOHNSON CTLS INTL COM USD0.01 | 45 934.00 | 1 967 353.22 | 0.78 |
| USD | KLA CORPORATION COM USD0.001 | 6 674.00 | 1 093 601.64 | 0.44 |
| USD | KOHLS CORPORATION COM USD0.01 | 28 916.00 | 1 359 341.16 | 0.54 |
| USD | KROGER CO COM USD1 | 138 635.00 | 3 790 280.90 | 1.51 |
| USD | MCKESSON CORP COM USD0.01 | 2 628.00 | 380 113.92 | 0.15 |
| USD | MEDTRONIC PLC USD0.0001 | 16 200.00 | 1 804 518.00 | 0.72 |
| USD | MERCK & CO INC COM USD0.50 | 42 645.00 | 3 717 791.10 | 1.48 |
| USD | MICROSOFT CORP COM USD0.0000125 | 24 732.00 | 3 743 930.16 | 1.49 |
| USD | MOTOROLA SOLUTIONS COM USD0.01 | 22 762.00 | 3 808 082.60 | 1.52 |
| USD | NETAPP INC COM USD0.001 | 13 562.00 | 821 721.58 | 0.33 |
| USD | NEWMONT GOLDCORP C COM USD1.60 | 97 491.00 | 3 743 654.40 | 1.49 |
| USD | NVR INC COM STK USD0.01 | 596.00 | 2 259 966.44 | 0.90 |
| USD | ORACLE CORP COM USD0.01 | 55 116.00 | 3 094 212.24 | 1.23 |
| USD | PAYCHEX INC COM | 20 489.00 | 1 764 512.68 | 0.70 |
| USD | PAYPAL HOLDINGS IN COM USD0.0001 | 9 368.00 | 1 011 837.68 | 0.40 |
| USD | PFIZER INC COM USD0.05 | 80 969.00 | 3 118 925.88 | 1.24 |
| USD | PINNACLE WEST CAP CORP COM | 12 558.00 | 1 097 443.62 | 0.44 |
| USD | PROCTER & GAMBLE COM NPV | 30 403.00 | 3 710 990.18 | 1.48 |
| USD | QUALCOMM INC COM USD0.0001 | 21 548.00 | 1 800 335.40 | 0.72 |
| USD | ROSS STORES INC COM USD0.01 | 3 938.00 | 457 398.70 | 0.18 |
| USD | SOUTHWEST AIRLINES COM USD1 | 23 058.00 | 1 329 063.12 | 0.53 |
| USD | SYNCHRONY FINANCIA COM USD0.001 | 99 651.00 | 3 727 943.91 | 1.49 |
| USD | SYSCO CORP COM USD1 | 45 077.00 | 3 630 952.35 | 1.45 |
| USD | T-MOBILE US INC COM USD0.0001 | 47 813.00 | 3 755 711.15 | 1.50 |
| USD | TARGET CORP COM STK USD0.0833 | 33 565.00 | 4 195 960.65 | 1.67 |
| USD | TJX COS INC COM USD1 | 60 555.00 | 3 701 727.15 | 1.48 |
| USD | TRAVELERS CO INC COM NPV | 23 681.00 | 3 237 666.32 | 1.29 |
| USD | TYSON FOODS INC CL A | 26 528.00 | 2 384 601.92 | 0.95 |
| USD | UNITED AIRLINES HO COM USD0.01 | 3 952.00 | 366 745.60 | 0.15 |
| USD | UNITEDHEALTH GRP COM USD0.01 | 11 334.00 | 3 172 046.58 | 1.27 |
| USD | VALERO ENERGY CORP NEW COM | 26 868.00 | 2 565 625.32 | 1.02 |
| USD | VERIZON COMMUN COM USD0.10 | 61 361.00 | 3 696 386.64 | 1.47 |
| USD | VISA INC COM STK USD0.0001 | 7 643.00 | 1 410 209.93 | 0.56 |
| USD | VISTRA ENERGY CORP COM USD0.01 | 15 643.00 | 415 008.79 | 0.17 |
| USD | WALMART INC COM USD0.10 | 30 647.00 | 3 649 751.23 | 1.46 |
| Total United States | 195 250 094.78 | 77.88 |
| Total Registered shares | 203 066 868.37 | 81.00 |
| Total Transferable securities and money market instruments listed on an official stock exchange | 248 230 675.83 | 99.01 |
| Total investments in securities | 248 230 675.83 | 99.01 |
| Forward Foreign Exchange contracts |  |  |
| Forward Foreign Exchange contracts (Purchase/Sale) |  |  |

| EUR | 24 869 700.00 | USD | 27 495 442.93 | 16.1.2020 | 21 401.82 | 0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 12 428 400.00 | USD | 12 510 720.54 | 16.1.2020 | -24 400.14 | -0.01 |
| EUR | 254 700.00 | USD | 281 280.85 | 16.1.2020 | 529.56 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | -2 468.76 | 0.00 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 2 156 856.88 | 0.86 |
| Other assets and liabilities | 323 710.29 | 0.13 |
| Total net assets | 250 708 774.24 | 100.00 |

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

Translation (ENDE, 2019-11-30):
# UBS (Lux) Equity SICAV
– US Quantitative Defensive (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Nettovermögen in USD |  | 250 708 774.24 | 229 302 186.02 | 249 426 225.37 |
| Klasse F-acc | LU1220256165 |  |  |  |
| Aktien im Umlauf |  | 1 424 459.7710 | 1 459 096.4230 | 1 660 698.0740 |
| Nettoinventarwert pro Aktie in USD |  | 147.24 | 131.03 | 126.10 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 147.24 | 131.03 | 126.10 |
| Klasse (CHF hedged) F-acc | LU1252258451 |  |  |  |
| Aktien im Umlauf |  | 95 607.4220 | 106 548.9020 | 116 147.6080 |
| Nettoinventarwert pro Aktie in CHF |  | 132.69 | 119.96 | 119.23 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 132.69 | 119.96 | 119.23 |
| Klasse (EUR hedged) F-acc | LU1252258295 |  |  |  |
| Aktien im Umlauf |  | 189 778.1960 | 186 882.0000 | 183 702.5610 |
| Nettoinventarwert pro Aktie in EUR |  | 135.16 | 121.98 | 120.89 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 135.16 | 121.98 | 120.89 |
| 1  Siehe Erläuterung 1 |  |  |  |  |

UBS (Lux) Equity SICAV – US Quantitative Defensive (USD) Halbjahresbericht per 30. November 2019

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Vereinigte Staaten | 94.02 |
| --- | --- |
| Bermuda | 2.54 |
| Kanada | 1.64 |
| Irland | 0.42 |
| Grossbritannien | 0.39 |
| Total | 99.01 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Pharmazeutik, Kosmetik & medizinische Produkte | 11.91 |
| --- | --- |
| Detailhandel, Warenhäuser | 10.81 |
| Finanz- & Beteiligungsgesellschaften | 8.70 |
| Versicherungen | 8.65 |
| Internet, Software & IT-Dienste | 8.06 |
| Telekommunikation | 6.61 |
| Computer & Netzwerkausrüster | 6.28 |
| Nahrungsmittel & Softdrinks | 5.89 |
| Energie- & Wasserversorgung | 3.88 |
| Erdöl | 3.83 |
| Banken & Kreditinstitute | 2.99 |
| Gesundheits- & Sozialwesen | 2.65 |
| Elektronik & Halbleiter | 2.34 |
| Diverse Konsumgüter | 2.26 |
| Biotechnologie | 2.12 |
| Edelmetalle und -steine | 1.49 |
| Umwelt & Recycling | 1.48 |
| Diverse Handelsfirmen | 1.45 |
| Grafisches Gewerbe, Verlage & Medien | 1.42 |
| Verkehr & Transport | 1.40 |
| Immobilien | 1.22 |
| Gastgewerbe & Freizeit | 1.02 |
| Baugewerbe & Baumaterial | 0.90 |
| Diverse Dienstleistungen | 0.42 |
| Elektrische Geräte & Komponenten | 0.42 |
| Tabak & alkoholische Getränke | 0.37 |
| Maschinen & Apparate | 0.28 |
| Textilien, Kleidung & Lederwaren | 0.16 |
| Total | 99.01 |


## Nettovermögensaufstellung
Aktiva	30.11.2019
USD
Wertpapierbestand, Einstandswert	219 648 313.48
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	28 582 362.35	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 248 230 675.83 |
| Bankguthaben, Sicht- und Fristgelder | 2 156 856.88 |
| Forderungen aus Zeichnungen | 295 807.54 |
| Forderungen aus Dividenden | 440 378.86 |
| Sonstige Forderungen | 6 542.28 |
| Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1) | -2 468.76 |
| Total Aktiva | 251 127 792.63 |
|  |  |
| Passiva |  |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -509.40 |
| Verbindlichkeiten aus Rücknahmen | -335 567.96 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -48 237.49 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -4 087.65 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-30 615.89	 |
| Total Rückstellungen für Aufwendungen | -82 941.03 |
| Total Passiva | -419 018.39 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 250 708 774.24 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 1.6.2019-30.11.2019 |
| Zinsertrag aus liquiden Mitteln | 11 971.03 |
| Dividenden | 1 921 024.22 |
| Erträge aus Securities Lending (Erläuterung 13) | 31 716.47 |
| Sonstige Erträge (Erläuterung 4) | 6 687.95 |
| Total Erträge | 1 971 399.67 |
|  |  |
| Aufwendungen |  |
| Pauschale Verwaltungskommission (Erläuterung 2) | -611 912.97 |
| Abonnementsabgabe (Erläuterung 3) | -12 393.35 |
| Kosten aus Securities Lending (Erläuterung 13) | -12 686.59 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -17 400.30 |
| Zinsaufwand aus liquiden Mitteln und Kontokorrentkredit | -1 429.22 |
| Total Aufwendungen | -655 822.43 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | 1 315 577.24 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 8 205 954.45 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | 17 235.00 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | -800 403.62 |
| Realisierter Währungsgewinn (-verlust) | 17 772.52 |
| Total der realisierten Gewinne (Verluste) | 7 440 558.35 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | 8 756 135.59 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 18 338 693.92 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | -46 380.49 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 18 292 313.43 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 27 048 449.02 |

UBS (Lux) Equity SICAV – US Quantitative Defensive (USD) Halbjahresbericht per 30. November 2019
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-30.11.2019 |
| Nettovermögen zu Beginn der Berichtsperiode | 229 302 186.02 |
| Zeichnungen | 28 023 443.52 |
| Rücknahmen | 	-33 665 304.32	 |
| Total Mittelzufluss (-abfluss) | -5 641 860.80 |
| Nettoerträge (-verluste) aus Anlagen | 1 315 577.24 |
| Total der realisierten Gewinne (Verluste) | 7 440 558.35 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	18 292 313.43	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 27 048 449.02 |
| Nettovermögen am Ende der Berichtsperiode | 250 708 774.24 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2019-30.11.2019 |
| Klasse | F-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 1 459 096.4230 |
| Anzahl der ausgegebenen Aktien | 165 257.4550 |
| Anzahl der zurückgegebenen Aktien | -199 894.1070 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 1 424 459.7710 |
| Klasse | (CHF hedged) F-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 106 548.9020 |
| Anzahl der ausgegebenen Aktien | 5 855.9570 |
| Anzahl der zurückgegebenen Aktien | -16 797.4370 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 95 607.4220 |
| Klasse | (EUR hedged) F-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 186 882.0000 |
| Anzahl der ausgegebenen Aktien | 26 472.1960 |
| Anzahl der zurückgegebenen Aktien | -23 576.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 189 778.1960 |

UBS (Lux) Equity SICAV – US Quantitative Defensive (USD) Halbjahresbericht per 30. November 2019

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. November 2019
| 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 einer offiziellen Börse gehandelt werden |  |  |  |
| Inhaberaktien |  |  |  |
| Kanada |  |  |  |
| USD	WASTE CONNECTIONS COM NPV (POST REV SPLT) | 40 938.00 | 3 706 935.90 | 1.48 |
| Total Kanada |  | 3 706 935.90 | 1.48 |
| Grossbritannien |  |  |  |
| USD	IHS MARKIT LTD COM | 3 544.00 | 257 471.60 | 0.10 |
| USD	WILLIS TOWERS WATS COM USD0.000304635 | 3 688.00 | 724 470.72 | 0.29 |
| Total Grossbritannien |  | 981 942.32 | 0.39 |
| Vereinigte Staaten |  |  |  |
| USD	ALLEGHANY CORP DEL COM | 542.00 | 422 781.68 | 0.17 |
| USD	AMER ELEC PWR INC COM USD6.50 | 31 731.00 | 2 898 626.85 | 1.16 |
| USD	BERKSHIRE HATHAWAY CLASS’B’COM USD0.0033 | 6 625.00 | 1 459 487.50 | 0.58 |
| USD	CADENCE DESIGN SYS COM USD0.01 | 50 340.00 | 3 536 385.00 | 1.41 |
| USD	CDW CORP COM USD0.01 | 26 822.00 | 3 622 311.10 | 1.44 |
| USD	COCA-COLA CO COM USD0.25 | 69 514.00 | 3 712 047.60 | 1.48 |
| USD	DUKE ENERGY CORP COM USD0.001 (POST REV SPLT) | 38 697.00 | 3 411 914.49 | 1.36 |
| USD	EQUITY LIFESTYLE PPTYS INC | 7 200.00 | 533 376.00 | 0.21 |
| USD	FIDELITY NATL FINL FNF GROUP COM USD0.0001 | 50 550.00 | 2 407 696.50 | 0.96 |
| USD	HENRY JACK & ASSOC COM USD0.01 | 1 643.00 | 249 637.42 | 0.10 |
| USD	JOHNSON & JOHNSON COM USD1 | 28 023.00 | 3 852 882.27 | 1.54 |
| USD	MAXIM INTEGRATED COM USD0.001 | 19 330.00 | 1 095 431.10 | 0.44 |
| USD	PEPSICO INC CAP USD0.016666 | 27 969.00 | 3 799 029.27 | 1.51 |
| USD	PHILIP MORRIS INTL COM STK NPV ‘WI’ | 2 937.00 | 243 565.41 | 0.10 |
| USD	PROGRESSIVE CP(OH) COM USD1 | 44 232.00 | 3 231 147.60 | 1.29 |
| USD	SOUTHERN CO COM | 59 946.00 | 3 716 052.54 | 1.48 |
| USD	SYNOPSYS INC COM USD0.01 | 4 757.00 | 670 927.28 | 0.27 |
| USD	UNITED PARCEL SERVICE INC CL B | 5 721.00 | 684 975.33 | 0.27 |
| USD	XCEL ENERGY INC COM | 15 070.00 | 926 654.30 | 0.37 |
| Total Vereinigte Staaten |  | 40 474 929.24 | 16.14 |
| Total Inhaberaktien |  | 45 163 807.46 | 18.01 |
| Namensaktien |  |  |  |
| Bermuda |  |  |  |
| USD	ARCH CAPITAL GROUP COM USD0.01 | 71 775.00 | 3 012 396.75 | 1.20 |
| USD	EVEREST RE GROUP COM USD0.01 | 7 093.00 | 1 924 047.18 | 0.77 |
| USD	RENAISSANCE RE HLG COM USD1 | 7 525.00 | 1 417 183.25 | 0.57 |
| Total Bermuda |  | 6 353 627.18 | 2.54 |
| Kanada |  |  |  |
| USD	LULULEMON ATHLETIC COM STK USD0.01 | 1 825.00 | 411 884.25 | 0.16 |
| Total Kanada |  | 411 884.25 | 0.16 |
| Irland |  |  |  |
| USD	ACCENTURE PLC SHS CL A ‘NEW’ | 5 226.00 | 1 051 262.16 | 0.42 |
| Total Irland |  | 1 051 262.16 | 0.42 |
| Vereinigte Staaten |  |  |  |
| USD	ALLSTATE CORP COM | 34 195.00 | 3 807 613.25 | 1.52 |
| USD	ALLY FINANCIAL INC COM USD0.01 | 72 956.00 | 2 322 919.04 | 0.93 |
| USD	ALPHABET INC CAP STK USD0.001 CL A | 304.00 | 396 443.36 | 0.16 |
| USD	ALTRIA GROUP INC COM USD0.333333 | 13 824.00 | 687 052.80 | 0.27 |
| USD	AMAZON COM INC COM USD0.01 | 1 174.00 | 2 114 139.20 | 0.84 |
| USD	AMER INTL GRP COM USD2.50 | 68 128.00 | 3 587 620.48 | 1.43 |
| USD	AMERISOURCEBERGEN COM STK USD0.01 | 27 581.00 | 2 424 645.71 | 0.97 |
| USD	AMGEN INC COM USD0.0001 | 2 112.00 | 495 728.64 | 0.20 |
| USD	ANTHEM INC COM USD0.01 | 9 578.00 | 2 764 785.48 | 1.10 |
| USD	APPLE INC COM NPV | 13 907.00 | 3 716 645.75 | 1.48 |
| USD	AT&T INC COM USD1 | 94 269.00 | 3 523 775.22 | 1.41 |
| USD	ATHENE HOLDING LTD COM USD0.001 CL A | 7 240.00 | 325 944.80 | 0.13 |
| USD	AUTOZONE INC COM USD0.01 | 409.00 | 481 769.28 | 0.19 |
| USD	AXA EQUITABLE HLD COM USD0.01 | 49 341.00 | 1 220 696.34 | 0.49 |
| USD	BAXTER INTL INC COM USD1 | 3 077.00 | 252 221.69 | 0.10 |
| USD	BEST BUY CO INC COM USD0.10 | 43 147.00 | 3 479 374.08 | 1.39 |
| USD	BIOGEN INC COM STK USD0.0005 | 8 035.00 | 2 408 973.35 | 0.96 |
| USD	BRISTOL-MYRS SQUIB COM STK USD0.10 | 63 412.00 | 3 610 679.28 | 1.44 |
| USD	CH ROBINSON WORLDW COM USD0.1 | 19 448.00 | 1 494 578.80 | 0.60 |
| USD	CHEVRON CORP COM USD0.75 | 29 574.00 | 3 464 002.62 | 1.38 |
| USD	CHIPOTLE MEXICAN GRILL INC CL A | 1 436.00 | 1 168 789.12 | 0.47 |
| USD	CISCO SYSTEMS COM USD0.001 | 57 348.00 | 2 598 437.88 | 1.04 |
| USD	COMCAST CORP COM CLS’A’ USD0.01 | 80 604.00 | 3 558 666.60 | 1.42 |
| USD	CONSOLIDATED EDISON INC COM | 12 582.00 | 1 093 249.98 | 0.44 |
| USD	COOPER COS INC COM USD0.10 | 8 756.00 | 2 741 416.04 | 1.09 |
| USD	COSTCO WHSL CORP NEW COM | 822.00 | 246 443.82 | 0.10 |
| USD	CROWN CASTLE INTL COM USD0.01 | 11 200.00 | 1 496 992.00 | 0.60 |
| USD	CVS HEALTH CORP COM STK USD0.01 | 50 517.00 | 3 802 414.59 | 1.52 |
| USD	DANAHER CORP COM USD0.01 | 4 796.00 | 700 120.08 | 0.28 |
| USD	DARDEN RESTAURANTS INC COM | 21 641.00 | 2 563 160.04 | 1.02 |
| USD	DAVITA INC COM USD0.001 | 17 458.00 | 1 252 960.66 | 0.50 |
| USD	DISCOVER FINL SVCS COM STK USD0.01 | 43 213.00 | 3 667 487.31 | 1.46 |
| USD	DOLLAR GENERAL CP COM USD0.875 | 23 062.00 | 3 629 036.32 | 1.45 |
| USD	ELECTRONIC ARTS INC COM | 22 945.00 | 2 317 674.45 | 0.92 |

UBS (Lux) Equity SICAV – US Quantitative Defensive (USD) Halbjahresbericht per 30. November 2019
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| USD | ELI LILLY AND CO COM NPV | 33 094.00 | 3 883 580.90 | 1.55 |
| USD | ESTEE LAUDER COS CLASS’A’COM USD0.01 | 1 323.00 | 258 606.81 | 0.10 |
| USD | EVERGY INC COM NPV | 43 358.00 | 2 743 260.66 | 1.09 |
| USD | EXTRA SPACE STORAG COM USD0.01 | 9 600.00 | 1 018 080.00 | 0.41 |
| USD | EXXON MOBIL CORP COM NPV | 52 622.00 | 3 585 136.86 | 1.43 |
| USD | FACEBOOK INC COM USD0.000006 CL ‘A’ | 18 832.00 | 3 797 284.48 | 1.51 |
| USD | GILEAD SCIENCES COM USD0.001 | 35 713.00 | 2 401 342.12 | 0.96 |
| USD | GLOBAL PAYMENTS COM NPV | 3 479.00 | 630 046.90 | 0.25 |
| USD | GRAINGER W W INC COM | 3 293.00 | 1 043 716.35 | 0.42 |
| USD | HARTFORD FINL SVCS COM USD0.01 | 5 349.00 | 330 889.14 | 0.13 |
| USD | HCA HEALTHCARE INC COM USD0.01 | 23 726.00 | 3 289 847.16 | 1.31 |
| USD | HERSHEY COMPANY COM USD1.00 | 24 991.00 | 3 702 666.56 | 1.48 |
| USD | HEWLETT PACKARD EN COM USD0.01 | 96 335.00 | 1 524 983.05 | 0.61 |
| USD | HUMANA INC COM USD0.166 | 2 039.00 | 695 767.97 | 0.28 |
| USD | INTEL CORP COM USD0.001 | 63 537.00 | 3 688 322.85 | 1.47 |
| USD | INTL BUSINESS MCHN COM USD0.20 | 25 695.00 | 3 454 692.75 | 1.38 |
| USD | JOHNSON CTLS INTL COM USD0.01 | 45 934.00 | 1 967 353.22 | 0.78 |
| USD | KLA CORPORATION COM USD0.001 | 6 674.00 | 1 093 601.64 | 0.44 |
| USD | KOHLS CORPORATION COM USD0.01 | 28 916.00 | 1 359 341.16 | 0.54 |
| USD | KROGER CO COM USD1 | 138 635.00 | 3 790 280.90 | 1.51 |
| USD | MCKESSON CORP COM USD0.01 | 2 628.00 | 380 113.92 | 0.15 |
| USD | MEDTRONIC PLC USD0.0001 | 16 200.00 | 1 804 518.00 | 0.72 |
| USD | MERCK & CO INC COM USD0.50 | 42 645.00 | 3 717 791.10 | 1.48 |
| USD | MICROSOFT CORP COM USD0.0000125 | 24 732.00 | 3 743 930.16 | 1.49 |
| USD | MOTOROLA SOLUTIONS COM USD0.01 | 22 762.00 | 3 808 082.60 | 1.52 |
| USD | NETAPP INC COM USD0.001 | 13 562.00 | 821 721.58 | 0.33 |
| USD | NEWMONT GOLDCORP C COM USD1.60 | 97 491.00 | 3 743 654.40 | 1.49 |
| USD | NVR INC COM STK USD0.01 | 596.00 | 2 259 966.44 | 0.90 |
| USD | ORACLE CORP COM USD0.01 | 55 116.00 | 3 094 212.24 | 1.23 |
| USD | PAYCHEX INC COM | 20 489.00 | 1 764 512.68 | 0.70 |
| USD | PAYPAL HOLDINGS IN COM USD0.0001 | 9 368.00 | 1 011 837.68 | 0.40 |
| USD | PFIZER INC COM USD0.05 | 80 969.00 | 3 118 925.88 | 1.24 |
| USD | PINNACLE WEST CAP CORP COM | 12 558.00 | 1 097 443.62 | 0.44 |
| USD | PROCTER & GAMBLE COM NPV | 30 403.00 | 3 710 990.18 | 1.48 |
| USD | QUALCOMM INC COM USD0.0001 | 21 548.00 | 1 800 335.40 | 0.72 |
| USD | ROSS STORES INC COM USD0.01 | 3 938.00 | 457 398.70 | 0.18 |
| USD | SOUTHWEST AIRLINES COM USD1 | 23 058.00 | 1 329 063.12 | 0.53 |
| USD | SYNCHRONY FINANCIA COM USD0.001 | 99 651.00 | 3 727 943.91 | 1.49 |
| USD | SYSCO CORP COM USD1 | 45 077.00 | 3 630 952.35 | 1.45 |
| USD | T-MOBILE US INC COM USD0.0001 | 47 813.00 | 3 755 711.15 | 1.50 |
| USD | TARGET CORP COM STK USD0.0833 | 33 565.00 | 4 195 960.65 | 1.67 |
| USD | TJX COS INC COM USD1 | 60 555.00 | 3 701 727.15 | 1.48 |
| USD | TRAVELERS CO INC COM NPV | 23 681.00 | 3 237 666.32 | 1.29 |
| USD | TYSON FOODS INC CL A | 26 528.00 | 2 384 601.92 | 0.95 |
| USD | UNITED AIRLINES HO COM USD0.01 | 3 952.00 | 366 745.60 | 0.15 |
| USD | UNITEDHEALTH GRP COM USD0.01 | 11 334.00 | 3 172 046.58 | 1.27 |
| USD | VALERO ENERGY CORP NEW COM | 26 868.00 | 2 565 625.32 | 1.02 |
| USD | VERIZON COMMUN COM USD0.10 | 61 361.00 | 3 696 386.64 | 1.47 |
| USD | VISA INC COM STK USD0.0001 | 7 643.00 | 1 410 209.93 | 0.56 |
| USD | VISTRA ENERGY CORP COM USD0.01 | 15 643.00 | 415 008.79 | 0.17 |
| USD | WALMART INC COM USD0.10 | 30 647.00 | 3 649 751.23 | 1.46 |
| Total Vereinigte Staaten | 195 250 094.78 | 77.88 |
| Total Namensaktien | 203 066 868.37 | 81.00 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 248 230 675.83 | 99.01 |
| Total des Wertpapierbestandes | 248 230 675.83 | 99.01 |
| Devisenterminkontrakte |  |  |
| Devisenterminkontrakte (Kauf/Verkauf) |  |  |

| EUR | 24 869 700.00 | USD | 27 495 442.93 | 16.1.2020 | 21 401.82 | 0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 12 428 400.00 | USD | 12 510 720.54 | 16.1.2020 | -24 400.14 | -0.01 |
| EUR | 254 700.00 | USD | 281 280.85 | 16.1.2020 | 529.56 | 0.00 |
| Total Devisenterminkontrakte (Kauf/Verkauf) | -2 468.76 | 0.00 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 2 156 856.88 | 0.86 |
| Andere Aktiva und Passiva | 323 710.29 | 0.13 |
| Total des Nettovermögens | 250 708 774.24 | 100.00 |

UBS (Lux) Equity SICAV – US Quantitative Defensive (USD) Halbjahresbericht per 30. November 2019