# UBS (Lux) Key Selection SICAV – Global Allocation (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 31.3.2020 | 30.9.2019 | 30.9.2018 |
| Net assets in USD |  | 348 815 237.89 | 410 826 248.90 | 492 951 333.20 |
| Class I-X-acc | LU0423408631 |  |  |  |
| Shares outstanding |  | 184 097.5430 | 170 783.9950 | 173 474.9310 |
| Net asset value per share in USD |  | 161.52 | 177.27 | 171.03 |
| Issue and redemption price per share in USD 1 |  | 161.97 | 177.27 | 171.03 |
| Class K-1-acc | LU0423406858 |  |  |  |
| Shares outstanding |  | 3.3000 | 3.3000 | 3.9000 |
| Net asset value per share in USD |  | 8 288 043.05 | 9 147 051.64 | 8 924 890.20 |
| Issue and redemption price per share in USD 1 |  | 8 311 249.57 | 9 147 051.64 | 8 924 890.20 |
| Class P-acc | LU0197216392 |  |  |  |
| Shares outstanding |  | 18 648 119.4130 | 20 142 323.3070 | 25 420 348.3340 |
| Net asset value per share in USD |  | 14.46 | 16.04 | 15.80 |
| Issue and redemption price per share in USD 1 |  | 14.50 | 16.04 | 15.80 |
| Class (JPY) P-acc | LU0953722104 |  |  |  |
| Shares outstanding |  | 6 421.0500 | 6 421.0500 | 2 103.6940 |
| Net asset value per share in JPY |  | 11 779.00 | 13 076.00 | 13 518.00 |
| Issue and redemption price per share in JPY 1 |  | 11 812.00 | 13 076.00 | 13 518.00 |
| Class Q-acc | LU0423407401 |  |  |  |
| Shares outstanding |  | 207 314.3940 | 234 113.5110 | 241 083.8150 |
| Net asset value per share in USD |  | 102.88 | 113.50 | 110.66 |
| Issue and redemption price per share in USD 1 |  | 103.17 | 113.50 | 110.66 |
| 1  See note 1 |  |  |  |  |

UBS (Lux) Key Selection SICAV – Global Allocation (USD) Semi-Annual Report as of 31 March 2020

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| Luxembourg | 57.45 |
| --- | --- |
| United States | 16.69 |
| Ireland | 4.89 |
| Australia | 4.29 |
| Canada | 4.10 |
| Germany | 2.42 |
| Italy | 1.97 |
| France | 1.47 |
| Total | 93.28 |

Economic Breakdown as a % of net assets	
| Investment funds | 62.34 |
| --- | --- |
| Countries & central governments | 29.83 |
| Public, non-profit institutions | 0.71 |
| Cantons, federal states | 0.40 |
| Total | 93.28 |


## Statement of Net Assets
Assets	31.3.2020
USD
Investments in securities, cost	285 568 658.24
Investments in securities, unrealized appreciation (depreciation)		39 811 180.37	 Total investments in securities (Note 1)			325 379 838.61
Cash at banks, deposits on demand and deposit accounts	8 772 526.65*
Other liquid assets (Margins)	11 062 982.90
Receivable on securities sales (Note 1)	666 633.29
Receivable on subscriptions	4 506.80
Interest receivable on securities	671 261.74
Interest receivable on liquid assets	3 023.37
Unrealized gain (loss) on financial futures (Note 1)	1 827 741.60
Unrealized gain (loss) on forward foreign exchange contracts (Note 1)	3 045 238.21
Unrealized gain (loss) on swaps (Note 1)	-1 264 888.54
Interest payable on bank overdraft	-4 978.39
Payable on securities purchases (Note 1)	-902 887.32
Payable on redemptions	-138 884.34
Provisions for flat fee (Note 2)	-255 277.37
Provisions for taxe d’abonnement (Note 3)	-17 288.00
Provisions for other commissions and fees (Note 2)		-34 311.32		 Total provisions			-306 876.69
Net assets at the end of the period	348 815 237.89

## Statement of Operations
Income	1.10.2019-31.3.2020
USD
Interest on liquid assets	37 727.65
Interest on securities	1 067 504.19
Interest received on swaps (Note 1)	631 400.69
Income on securities lending (Note 12)	42 889.98
Total income	1 801 548.77
Expenses
Other income (Note 4)	22 026.26
Interest paid on swaps (Note 1)	-34 088.68
Flat fee (Note 2)	-3 564 429.63
Taxe d’abonnement (Note 3)	-34 449.50
Cost on securities lending (Note 12)	-17 155.99
Other commissions and fees (Note 2)	-61 226.34
Total expenses	-3 724 372.18
Net income (loss) on investments	-1 922 823.41
Realized gain (loss) (Note 1)
Interest on cash and bank overdraft	-13 022.04
Realized gain (loss) on market-priced securities without options	6 503 168.98
Realized gain (loss) on yield-evaluated securities and money market instruments		-1 609.92 Realized gain (loss) on financial futures	-2 181 445.35
Realized gain (loss) on forward foreign exchange contracts	-381 434.24
Realized gain (loss) on swaps	-669 123.63
Net realized gain (loss) of the period	918 988.93
Total realized gain (loss)	2 841 812.34
Realized gain (loss) on foreign exchange	-427 743.50
Changes in unrealized appreciation (depreciation) (Note 1)
Unrealized appreciation (depreciation) on market-priced securities without options	-39 469 209.77 Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments		-1 178.34 Unrealized appreciation (depreciation) on financial futures			1 017 326.80
Unrealized appreciation (depreciation) on forward foreign exchange contracts	2 067 518.83
Total changes in unrealized appreciation (depreciation)	-39 314 623.32
Unrealized appreciation (depreciation) on swaps	-2 929 080.84
Net increase (decrease) in net assets as a result of operations	-38 395 634.39
* As at 31 March 2020, cash amounts serve as collateral for the counterparty Goldman Sachs for an amount of USD 370 000.00 and Canadian Imperial Bank for an amount of USD 1 220 000.00.
UBS (Lux) Key Selection SICAV – Global Allocation (USD) Semi-Annual Report as of 31 March 2020
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.10.2019-31.3.2020 |
| Net assets at the beginning of the period | 410 826 248.90 |
| Subscriptions | 15 395 885.92 |
| Redemptions | 	-39 011 262.54	 |
| Total net subscriptions (redemptions) | -23 615 376.62 |
| Net income (loss) on investments | -1 922 823.41 |
| Total realized gain (loss) | 2 841 812.34 |
| Total changes in unrealized appreciation (depreciation) | 	-39 314 623.32	 |
| Net increase (decrease) in net assets as a result of operations | -38 395 634.39 |
| Net assets at the end of the period | 348 815 237.89 |
| Changes in the Number of Shares outstanding |  |
|  | 1.10.2019-31.3.2020 |
| Class | I-X-acc |
| Number of shares outstanding at the beginning of the period | 170 783.9950 |
| Number of shares issued | 37 816.7930 |
| Number of shares redeemed | -24 503.2450 |
| Number of shares outstanding at the end of the period | 184 097.5430 |
| Class | K-1-acc |
| Number of shares outstanding at the beginning of the period | 3.3000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 3.3000 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 20 142 323.3070 |
| Number of shares issued | 450 058.0220 |
| Number of shares redeemed | -1 944 261.9160 |
| Number of shares outstanding at the end of the period | 18 648 119.4130 |
| Class | (JPY) P-acc |
| Number of shares outstanding at the beginning of the period | 6 421.0500 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 6 421.0500 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 234 113.5110 |
| Number of shares issued | 7 511.0030 |
| Number of shares redeemed | -34 310.1200 |
| Number of shares outstanding at the end of the period | 207 314.3940 |

UBS (Lux) Key Selection SICAV – Global Allocation (USD) Semi-Annual Report as of 31 March 2020

## Statement of Investments in Securities and other Net Assets as of 31 March 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 listed on an official stock exchange |  |  |  |
| Notes, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	AUSTRALIA 5.50000% 11-21.04.23 | 1 750 000.00 | 1 241 850.98 | 0.35 |
| AUD	NEW SOUTH WALES TREASURY CORP 4.00000% 13-20.04.23 | 1 850 000.00 | 1 247 163.58 | 0.36 |
| Total AUD |  | 2 489 014.56 | 0.71 |
| Total Notes, fixed rate |  | 2 489 014.56 | 0.71 |
| Bonds, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	AUSTRALIA 2.75000% 12-21.04.24 | 4 200 000.00 | 2 820 807.47 | 0.81 |
| AUD	AUSTRALIA-REG-S 2.25000% 16-21.05.28 | 1 500 000.00 | 1 033 339.31 | 0.29 |
| AUD	AUSTRALIA-REG-S 2.75000% 14-21.06.35 | 1 800 000.00 | 1 348 589.74 | 0.39 |
| AUD	AUSTRALIA-REG-S 2.75000% 16-21.11.27 | 2 500 000.00 | 1 775 419.34 | 0.51 |
| AUD	AUSTRALIA-REG-S 3.00000% 16-21.03.47 | 1 350 000.00 | 1 072 561.32 | 0.31 |
| AUD	AUSTRALIA-REG-S 3.25000% 13-21.04.25 | 2 600 000.00 | 1 816 121.28 | 0.52 |
| AUD	QUEENSLAND TREASURY CORP 6.00000% 11-21.07.22 | 1 100 000.00 | 756 193.28 | 0.22 |
| AUD	QUEENSLAND TREASURY CORP-REG-S 4.25000% 12-21.07.23 | 950 000.00 | 648 761.68 | 0.18 |
| AUD	TREASURY CORP OF VICTORIA 6.00000% 03-17.10.22 | 1 750 000.00 | 1 217 055.30 | 0.35 |
| Total AUD |  | 12 488 848.72 | 3.58 |
| CAD |  |  |  |
| CAD	CANADA, GOVERNMENT 0.75000% 16-01.09.21 | 2 600 000.00 | 1 833 636.14 | 0.53 |
| CAD	CANADA, GOVERNMENT 0.50000% 16-01.03.22 | 2 600 000.00 | 1 828 009.99 | 0.52 |
| CAD	CANADA, GOVERNMENT 2.75000% 14-01.12.64 | 1 300 000.00 | 1 356 480.84 | 0.39 |
| CAD	CANADA, GOVERNMENT 2.75000% 14-01.12.48 | 1 300 000.00 | 1 222 046.58 | 0.35 |
| CAD	CANADA, GOVERNMENT 2.25000% 14-01.06.25 | 2 450 000.00 | 1 864 623.25 | 0.53 |
| CAD	CANADA, GOVERNMENT 3.25000% 10-01.06.21 | 5 000 000.00 | 3 626 936.46 | 1.04 |
| CAD	CANADA, GOVERNMENT 3.50000% 11-01.12.45 | 1 250 000.00 | 1 294 481.33 | 0.37 |
| CAD	CANADA, GOVERNMENT 5.75000% 01-01.06.33 | 1 150 000.00 | 1 285 631.09 | 0.37 |
| Total CAD |  | 14 311 845.68 | 4.10 |
| EUR |  |  |  |
| EUR	FRANCE, REPUBLIC OF-OAT 2.75000% 12-25.10.27 | 1 600 000.00 | 2 144 430.29 | 0.61 |
| EUR	FRANCE, REPUBLIC OF-OAT-144A-REG-S 1.25000% 15-25.05.36 | 800 000.00 | 995 082.85 | 0.29 |
| EUR	GERMANY, REPUBLIC OF 1.50000% 14-15.05.24 | 1 850 000.00 | 2 215 629.20 | 0.64 |
| EUR	GERMANY, REPUBLIC OF 4.75000% 98-04.07.28 | 750 000.00 | 1 190 843.23 | 0.34 |
| EUR	GERMANY, REPUBLIC OF 4.00000% 05-04.01.37 | 1 300 000.00 | 2 460 931.18 | 0.71 |
| EUR	GERMANY, REPUBLIC OF 2.25000% 11-04.09.21 | 2 250 000.00 | 2 570 507.83 | 0.74 |
| EUR	ITALY, REPUBLIC OF BTP 3.75000% 10-01.03.21 | 3 000 000.00 | 3 398 290.78 | 0.97 |
| EUR	ITALY, REPUBLIC OF-BTP 4.00000% 05-01.02.37 | 800 000.00 | 1 114 892.03 | 0.32 |
| EUR	ITALY, REPUBLIC OF-BTP 2.20000% 17-01.06.27 | 2 000 000.00 | 2 343 287.10 | 0.67 |
| Total EUR |  | 18 433 894.49 | 5.29 |
| Total Bonds, fixed rate |  | 45 234 588.89 | 12.97 |
| Bonds, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 16-25.05.21 | 1 800 000.00 | 1 986 553.28 | 0.57 |
| Total EUR |  | 1 986 553.28 | 0.57 |
| Total Bonds, zero coupon |  | 1 986 553.28 | 0.57 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.00000% 07-15.05.37 | 1 400 000.00 | 2 299 062.50 | 0.66 |
| USD	AMERICA, UNITED STATES OF 3.62500% 14-15.02.44 | 3 950 000.00 | 5 850 628.60 | 1.68 |
| USD	AMERICA, UNITED STATES OF 2.25000% 16-15.08.46 | 650 000.00 | 784 621.04 | 0.23 |
| USD	AMERICA, UNITED STATES OF 1.87500% 17-30.09.22 | 3 400 000.00 | 3 537 859.12 | 1.01 |
| USD	AMERICA, UNITED STATES OF 1.75000% 17-15.11.20 | 6 100 000.00 | 6 164 335.48 | 1.77 |
| USD	AMERICA, UNITED STATES OF 2.37500% 14-15.08.24 | 3 500 000.00 | 3 805 839.80 | 1.09 |
| USD	AMERICA, UNITED STATES OF 2.00000% 15-15.02.25 | 3 700 000.00 | 3 986 894.30 | 1.14 |
| USD	AMERICA, UNITED STATES OF 2.50000% 14-15.05.24 | 3 500 000.00 | 3 808 163.80 | 1.09 |
| Total USD |  | 30 237 404.64 | 8.67 |
| Total Treasury notes, fixed rate |  | 30 237 404.64 | 8.67 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 1 880 000.00 | 3 973 904.55 | 1.14 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 775 000.00 | 1 176 307.49 | 0.34 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 14-15.01.24 | 690 000.00 | 775 309.21 | 0.22 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 1 275 000.00 | 1 429 753.38 | 0.41 |
| USD	AMERICA, UNITED STATES OF 1.125%/CPI LINKED 11-15.01.21 | 1 010 000.00 | 1 179 694.12 | 0.34 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.01.22 | 1 100 000.00 | 1 236 395.77 | 0.35 |

UBS (Lux) Key Selection SICAV – Global Allocation (USD) Semi-Annual Report as of 31 March 2020
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | AMERICA, UNITED STATES OF 0.125%/CPI LINKED 13-15.01.23 | 1 100 000.00 | 1 214 562.21 | 0.35 |
| USD | AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 1 310 000.00 | 1 431 579.80 | 0.41 |
| USD | AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 1 100 000.00 | 1 226 350.62 | 0.35 |
| USD | AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 1 290 000.00 | 1 431 328.40 | 0.41 |
| USD | AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 1 305 000.00 | 1 434 217.51 | 0.41 |
| Total USD |  |  | 16 509 403.06 | 4.73 |
| Total Treasury notes, floating rate |  | 16 509 403.06 | 4.73 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 96 456 964.43 | 27.65 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Treasury bills, zero coupon |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 18.07.19-16.07.20 | 7 100 000.00 | 7 098 353.65 | 2.03 |
| Total USD |  | 7 098 353.65 | 2.03 |
| Total Treasury bills, zero coupon |  | 7 098 353.65 | 2.03 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25 | 1 700 000.00 | 1 868 195.60 | 0.54 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 16-15.04.21 | 1 200 000.00 | 1 280 144.49 | 0.37 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 1 100 000.00 | 1 222 434.46 | 0.35 |
| Total USD |  | 4 370 774.55 | 1.26 |
| Total Treasury notes, floating rate | 4 370 774.55 | 1.26 |
| Total Transferable securities and money market instruments traded on another regulated market | 11 469 128.20 | 3.29 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |  |
| Investment funds, open end |  |  |
| Ireland |  |  |
| USD	ISHARES EDGE MSCI USA VALUE FACTOR UCITS ETF-CAP	3 172 691.00 | 17 065 111.72 | 4.89 |
| Total Ireland | 17 065 111.72 | 4.89 |
| Luxembourg |  |  |
| USD | UBS (LUX) BOND SICAV - GLOBAL CORPORATES U-X-DIST | 1 388.00 | 16 596 760.16 | 4.76 |
| USD | UBS (LUX) EMERGING ECONOMIES FUND-GLOBAL BONDS (USD)-U-X ACC | 570.00 | 6 723 799.80 | 1.93 |
| EUR | UBS (LUX) EQUITY FUND - EUROPEAN OPPORTUNITY U-X-ACC | 2 036.00 | 51 635 112.97 | 14.80 |
| USD | UBS (LUX) EQUITY SICAV - USA GRWTH (USD)-U-X-ACC | 595.00 | 23 214 428.80 | 6.65 |
| USD | UBS (LUX) EQUITY SICAV - USA QUANTITATIVE (USD) U-X-ACC-CAP | 1 206.00 | 22 739 419.44 | 6.52 |
| USD | UBS (LUX) INST FUND - EMERGING MARKETS EQUITY FA | 456.00 | 10 833 173.76 | 3.11 |
| USD | UBS (LUX) INST FUND-KEY SEL. GLOBAL EQUITY FA-USD | 2 593.00 | 51 402 128.06 | 14.74 |
| USD | UBS (LUX) MONEY MARKET FUND - USD U-X-ACC | 344.00 | 3 841 245.04 | 1.10 |
| USD | UBS LUX BOND SICAV-CHINA FIXED INCOME (RMB)(USD HGD) U-X-ACC | 627.00 | 6 520 793.73 | 1.87 |
| USD | X-TRACKERS HARVEST CSI300 INDEX UCITS ETF-EUR-1D-DISTR | 667 000.00 | 6 881 772.50 | 1.97 |
| Total Luxembourg | 200 388 634.26 | 57.45 |
| Total Investment funds, open end | 217 453 745.98 | 62.34 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 217 453 745.98 | 62.34 |
| Total investments in securities | 325 379 838.61 | 93.28 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange Financial Futures on bonds |
|  |  |  |  |
| EUR	EURO-BUND FUTURE 08.06.20 | -110.00 | 323 469.30 | 0.09 |
| EUR	EURO-BOBL FUTURE 08.06.20 | -166.00 | 187 607.81 | 0.05 |
| USD	US 2YR TREASURY NOTE FUTURE 30.06.20 | 110.00 | 144 375.00 | 0.04 |
| USD	US 10YR TREASURY NOTE FUTURE 19.06.20 | 160.00 | 962 500.00 | 0.28 |
| USD	US 5YR TREASURY NOTE FUTURE 30.06.20 | 131.00 | 234 367.12 | 0.07 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 19.06.20 | 22.00 | 448 250.00 | 0.13 |
| CAD	CAN 10YR BOND FUTURE 19.06.20 | 112.00 | 222 109.81 | 0.06 |
| Total Financial Futures on bonds |  | 2 522 679.04 | 0.72 |
| Financial Futures on Indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.06.20 | 57.00 | 268 310.54 | 0.08 |
| CHF	SWISS MARKET INDEX FUTURE 19.06.20 | 21.00 | 329 543.69 | 0.09 |
| EUR	CAC 40 INDEX FUTURE 17.04.20 | -201.00 | -1 410 797.97 | -0.40 |
| GBP	FTSE 100 INDEX FUTURE 19.06.20 | -87.00 | -667 328.69 | -0.19 |
| SEK	OMX 30 INDEX FUTURE 17.04.20 | -679.00 | -1 369 945.60 | -0.39 |
| USD	S&P500 EMINI FUTURE 19.06.20 | -54.00 | 264 410.00 | 0.07 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 19.06.20 | 241.00 | 587 344.72 | 0.17 |
| AUD	SPI 200 INDEX FUTURES 18.06.20 | 37.00 | 154 557.93 | 0.04 |

UBS (Lux) Key Selection SICAV – Global Allocation (USD) Semi-Annual Report as of 31 March 2020
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| JPY | TOPIX INDX FUTURE 11.06.20 | 142.00 | 1 111 481.64 | 0.32 |
| HKD | HANG SENG INDEX FUTURE 28.04.20 | 23.00 | 39 315.79 | 0.01 |
| CAD | S&P/TSX 60 INDEX FUTURE 18.06.20 | 14.00 | -1 829.49 | 0.00 |
| Total Financial Futures on Indices | -694 937.44 | -0.20 |
| Total Derivative instruments listed on an official stock exchange | 1 827 741.60 | 0.52 |
| Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  |  |
| Credit default swaps* |  |  |
|  |  |  |
| USD	ICE/CDX.NA.IG.34 CDI REC 1.00000% 20-20.06.25	6 700 000.00 | -42 361.87 | -0.01 |
| USD	ICE/CDX.NA.HY.34 CDI REC 5.00000% 20-20.06.25	19 550 000.00 | -1 222 526.67 | -0.35 |
| Total Credit default swaps | -1 264 888.54 | -0.36 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market | -1 264 888.54 | -0.36 |
| Total Derivative instruments | 562 853.06 | 0.16 |
| Forward Foreign Exchange contracts |  |  |
| Forward Foreign Exchange contracts (Purchase/Sale) |  |  |

| USD | 326 696.21 | SEK | 3 100 000.00 | 2.4.2020 | 13 808.25 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 29 894 117.73 | AUD | 43 567 904.59 | 2.4.2020 | 3 228 381.72 | 0.93 |
| USD | 30 170 483.62 | CAD | 39 447 997.85 | 2.4.2020 | 2 455 587.18 | 0.70 |
| USD | 4 234 865.33 | GBP | 3 240 000.00 | 2.4.2020 | 217 427.33 | 0.06 |
| NOK | 54 012 905.12 | USD | 6 028 337.91 | 2.4.2020 | -884 741.57 | -0.25 |
| JPY | 3 714 084 079.00 | USD | 33 908 954.59 | 2.4.2020 | 495 047.81 | 0.14 |
| USD | 8 490 354.61 | NZD | 12 860 000.00 | 2.4.2020 | 866 303.61 | 0.25 |
| SEK | 3 488 526.92 | USD | 367 525.61 | 2.4.2020 | -15 423.01 | 0.00 |
| USD | 1 640 418.38 | DKK | 11 000 000.00 | 2.4.2020 | 22 961.61 | 0.01 |
| HKD | 15 700 000.00 | USD | 2 018 903.62 | 2.4.2020 | 6 667.60 | 0.00 |
| USD | 19 023 583.67 | CHF | 18 329 367.45 | 2.4.2020 | 79 480.06 | 0.02 |
| USD | 48 194 960.00 | EUR | 43 266 456.33 | 2.4.2020 | 720 840.79 | 0.21 |
| MXN | 290 920 000.00 | USD | 15 381 329.23 | 2.4.2020 | -2 980 250.76 | -0.85 |
| CAD | 1 500 000.00 | USD | 1 147 806.57 | 2.4.2020 | -93 954.74 | -0.03 |
| EUR | 700 000.00 | USD | 779 742.60 | 2.4.2020 | -11 667.60 | 0.00 |
| JPY | 60 000 000.00 | USD | 547 627.53 | 2.4.2020 | 8 159.60 | 0.00 |
| CHF | 2 060 000.00 | USD | 2 121 723.26 | 2.4.2020 | 7 365.68 | 0.00 |
| USD | 1 302 692.00 | GBP | 1 000 000.00 | 2.4.2020 | 62 742.00 | 0.02 |
| USD | 468 528.65 | JPY | 51 000 000.00 | 2.4.2020 | -3 890.41 | 0.00 |
| EUR | 1 300 000.00 | USD | 1 430 167.70 | 2.4.2020 | -3 742.70 | 0.00 |
| USD | 405 471.41 | SEK | 3 900 000.00 | 2.4.2020 | 11 838.18 | 0.00 |
| JPY | 50 000 000.00 | USD | 456 192.52 | 2.4.2020 | 6 963.42 | 0.00 |
| USD | 383 236.60 | EUR | 350 000.00 | 2.4.2020 | -800.90 | 0.00 |
| USD | 452 575.52 | JPY | 50 000 000.00 | 2.4.2020 | -10 580.42 | 0.00 |
| USD | 255 227.09 | SEK | 2 500 000.00 | 2.4.2020 | 2 898.09 | 0.00 |
| CLP | 6 848 010 000.00 | USD | 8 434 340.82 | 23.4.2020 | -394 807.66 | -0.11 |
| COP | 28 100 000 000.00 | USD | 8 174 545.45 | 23.4.2020 | -1 264 094.56 | -0.36 |
| USD | 433 664.12 | EUR | 400 000.00 | 2.4.2020 | -5 235.88 | 0.00 |
| USD | 661 605.84 | JPY | 73 000 000.00 | 2.4.2020 | -14 601.84 | 0.00 |
| USD | 294 423.39 | EUR | 270 000.00 | 2.4.2020 | -1 834.11 | 0.00 |
| USD | 363 995.96 | JPY | 40 000 000.00 | 2.4.2020 | -6 528.80 | 0.00 |
| USD | 667 454.14 | JPY | 72 000 000.00 | 2.4.2020 | 509.58 | 0.00 |
| USD | 798 472.95 | JPY | 86 000 000.00 | 2.4.2020 | 1 844.73 | 0.00 |
| SEK | 18 300 000.00 | USD | 1 938 653.52 | 2.4.2020 | -91 605.26 | -0.03 |
| GBP | 350 000.00 | USD | 452 277.60 | 2.4.2020 | -18 295.10 | -0.01 |
| USD | 328 215.89 | JPY | 35 000 000.00 | 2.4.2020 | 4 006.73 | 0.00 |
| USD | 245 081.99 | JPY | 25 000 000.00 | 2.4.2020 | 13 504.02 | 0.00 |
| CAD | 920 000.00 | USD | 671 720.39 | 2.4.2020 | -25 357.94 | -0.01 |
| USD | 1 485 020.69 | JPY | 155 000 000.00 | 2.4.2020 | 49 237.26 | 0.01 |
| USD | 294 414.08 | AUD | 450 000.00 | 2.4.2020 | 18 991.58 | 0.01 |
| EUR | 1 000 000.00 | USD | 1 133 437.30 | 2.4.2020 | -36 187.30 | -0.01 |
| GBP | 900 000.00 | USD | 1 166 450.85 | 2.4.2020 | -50 495.85 | -0.01 |
| CAD | 900 000.00 | USD | 655 568.38 | 2.4.2020 | -23 257.28 | -0.01 |
| SEK | 8 000 000.00 | USD | 846 346.98 | 2.4.2020 | -38 894.19 | -0.01 |
| USD | 643 636.41 | HKD | 5 000 000.00 | 2.4.2020 | -1 449.97 | 0.00 |
| USD | 578 843.61 | JPY | 60 000 000.00 | 2.4.2020 | 23 056.48 | 0.01 |
| EUR | 10 121 775.37 | USD | 11 280 000.00 | 2.4.2020 | -173 881.97 | -0.05 |
| JPY | 788 790 000.00 | EUR | 6 740 259.01 | 2.4.2020 | -89 093.63 | -0.03 |
| USD | 7 145 387.85 | COP | 28 924 530 000.00 | 23.4.2020 | 32 165.64 | 0.01 |
| USD | 12 521 640.85 | MXN | 279 180 000.00 | 2.4.2020 | 621 004.64 | 0.18 |
| EUR | 1 670 000.00 | USD | 1 851 964.87 | 2.4.2020 | -19 557.37 | -0.01 |
| USD | 775 512.35 | JPY | 83 000 000.00 | 2.4.2020 | 6 673.48 | 0.00 |
| USD | 227 773.48 | AUD | 370 000.00 | 2.4.2020 | 1 314.98 | 0.00 |
| USD | 1 212 037.43 | JPY | 128 000 000.00 | 2.4.2020 | 26 358.21 | 0.01 |
| SEK | 12 400 000.00 | USD | 1 247 352.29 | 2.4.2020 | 4 199.53 | 0.00 |
| USD | 379 794.38 | CAD | 540 000.00 | 2.4.2020 | 407.72 | 0.00 |
| EUR | 2 000 000.00 | USD | 2 161 260.80 | 2.4.2020 | 33 239.20 | 0.01 |
| USD | 184 515.48 | SEK | 1 900 000.00 | 2.4.2020 | -7 254.56 | 0.00 |
| USD | 348 132.62 | HKD | 2 700 000.00 | 2.4.2020 | -214.02 | 0.00 |
| USD | 298 008.79 | SEK | 3 000 000.00 | 2.4.2020 | -4 786.01 | 0.00 |
| JPY | 21 000 000.00 | USD | 188 829.72 | 2.4.2020 | 5 695.78 | 0.00 |
| USD | 481 973.94 | SEK | 4 800 000.00 | 2.4.2020 | -2 497.73 | 0.00 |
| USD | 406 012.10 | EUR | 370 000.00 | 2.4.2020 | 29.60 | 0.00 |
| CAD | 1 300 000.00 | USD | 922 020.54 | 2.4.2020 | -8 682.29 | 0.00 |

* Positive nominal: the subfund is “Receiver of protection”, negative nominal: the subfund is “Seller of protection”.
UBS (Lux) Key Selection SICAV – Global Allocation (USD) Semi-Annual Report as of 31 March 2020
| Description	Quantity/ | Valuation in USD | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |

Forward Foreign Exchange contracts (Continued)
Forward Foreign Exchange contracts (Purchase/Sale)
| JPY | 165 000 000.00 | USD | 1 516 562.94 | 2.4.2020 | 11 851.68 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 527 828.69 | EUR | 480 000.00 | 2.4.2020 | 1 148.69 | 0.00 |
| USD | 27 149 604.39 | AUD | 44 387 904.59 | 28.5.2020 | -23 495.60 | -0.01 |
| HKD | 8 000 000.00 | USD | 1 031 605.05 | 28.5.2020 | 294.12 | 0.00 |
| JPY | 3 940 874 079.00 | USD | 36 441 654.03 | 28.5.2020 | 155 567.01 | 0.04 |
| SEK | 22 988 526.92 | USD | 2 279 884.71 | 28.5.2020 | 43 252.29 | 0.01 |
| NOK | 54 012 905.12 | USD | 5 157 217.61 | 28.5.2020 | -12 425.99 | 0.00 |
| USD | 38 577 308.93 | EUR | 35 084 939.97 | 28.5.2020 | -3 447.98 | 0.00 |
| USD | 3 696 665.87 | GBP | 2 990 000.00 | 28.5.2020 | -14 646.46 | 0.00 |
| USD | 16 914 227.45 | CHF | 16 269 367.45 | 28.5.2020 | 52 083.79 | 0.01 |
| USD | 24 884 963.22 | CAD | 35 367 997.85 | 28.5.2020 | 24 346.04 | 0.01 |
| USD | 7 659 941.97 | NZD | 12 860 000.00 | 28.5.2020 | 39 446.87 | 0.01 |
| USD | 1 619 437.30 | DKK | 11 000 000.00 | 28.5.2020 | -1 399.29 | 0.00 |
| MXN | 11 740 000.00 | USD | 488 314.74 | 28.5.2020 | 7 822.43 | 0.00 |
| USD | 208 725.30 | EUR | 190 000.00 | 28.5.2020 | -206.05 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | 3 045 238.21 | 0.87 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 19 835 509.55* | 5.69 |
| Other assets and liabilities | -8 201.54 | 0.00 |
| Total net assets | 348 815 237.89 | 100.00 |

* As at 31 March 2020, cash amounts serve as collateral for the counterparty Goldman Sachs for an amount of USD 370 000.00 and Canadian Imperial Bank for an amount of USD 1 220 000.00.
UBS (Lux) Key Selection SICAV – Global Allocation (USD) Semi-Annual Report as of 31 March 2020

Translation (ENDE, 2020-03-31):
# UBS (Lux) Key Selection SICAV – Global Allocation (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 31.3.2020 | 30.9.2019 | 30.9.2018 |
| Nettovermögen in USD |  | 348 815 237.89 | 410 826 248.90 | 492 951 333.20 |
| Klasse I-X-acc | LU0423408631 |  |  |  |
| Aktien im Umlauf |  | 184 097.5430 | 170 783.9950 | 173 474.9310 |
| Nettoinventarwert pro Aktie in USD |  | 161.52 | 177.27 | 171.03 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 161.97 | 177.27 | 171.03 |
| Klasse K-1-acc | LU0423406858 |  |  |  |
| Aktien im Umlauf |  | 3.3000 | 3.3000 | 3.9000 |
| Nettoinventarwert pro Aktie in USD |  | 8 288 043.05 | 9 147 051.64 | 8 924 890.20 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 8 311 249.57 | 9 147 051.64 | 8 924 890.20 |
| Klasse P-acc | LU0197216392 |  |  |  |
| Aktien im Umlauf |  | 18 648 119.4130 | 20 142 323.3070 | 25 420 348.3340 |
| Nettoinventarwert pro Aktie in USD |  | 14.46 | 16.04 | 15.80 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 14.50 | 16.04 | 15.80 |
| Klasse (JPY) P-acc | LU0953722104 |  |  |  |
| Aktien im Umlauf |  | 6 421.0500 | 6 421.0500 | 2 103.6940 |
| Nettoinventarwert pro Aktie in JPY |  | 11 779.00 | 13 076.00 | 13 518.00 |
| Ausgabe- und Rücknahmepreis pro Aktie in JPY 1 |  | 11 812.00 | 13 076.00 | 13 518.00 |
| Klasse Q-acc | LU0423407401 |  |  |  |
| Aktien im Umlauf |  | 207 314.3940 | 234 113.5110 | 241 083.8150 |
| Nettoinventarwert pro Aktie in USD |  | 102.88 | 113.50 | 110.66 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 103.17 | 113.50 | 110.66 |
| 1  Siehe Erläuterung 1 |  |  |  |  |

UBS (Lux) Key Selection SICAV – Global Allocation (USD) Halbjahresbericht per 31. März 2020

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Luxemburg | 57.45 |
| --- | --- |
| Vereinigte Staaten | 16.69 |
| Irland | 4.89 |
| Australien | 4.29 |
| Kanada | 4.10 |
| Deutschland | 2.42 |
| Italien | 1.97 |
| Frankreich | 1.47 |
| Total | 93.28 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Anlagefonds | 62.34 |
| --- | --- |
| Länder- & Zentralregierungen | 29.83 |
| Öffentlich-rechtliche Körperschaften | 0.71 |
| Kantone, Bundesstaaten | 0.40 |
| Total | 93.28 |


## Nettovermögensaufstellung
Aktiva	31.3.2020
USD
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	39 811 180.37	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 325 379 838.61 |
| Bankguthaben, Sicht- und Fristgelder Andere liquide Mittel (Margins) | 8 772 526.65* 11 062 982.90 |
| Forderungen aus Wertpapierverkäufen (Erläuterung 1) | 666 633.29 |
| Forderungen aus Zeichnungen | 4 506.80 |
| Zinsforderungen aus Wertpapieren | 671 261.74 |
| Zinsforderungen aus liquiden Mitteln | 3 023.37 |
| Nicht realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten (Erläuterung 1) | 1 827 741.60 |
| Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1) | 3 045 238.21 |
| Nicht realisierter Kursgewinn (-verlust) aus Swaps (Erläuterung 1) | -1 264 888.54 |
| Total Aktiva | 350 168 864.63 |
|  |  |
| Passiva |  |
| Zinsverbindlichkeiten aus Kontokorrentkredit | -4 978.39 |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -902 887.32 |
| Verbindlichkeiten aus Rücknahmen | -138 884.34 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -255 277.37 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -17 288.00 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-34 311.32	 |
| Total Rückstellungen für Aufwendungen | -306 876.69 |
| Total Passiva | -1 353 626.74 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 348 815 237.89 |

Wertpapierbestand, Einstandswert	285 568 658.24

## Ertrags- und Aufwandsrechnung
Erträge	1.10.2019-31.3.2020
USD
Zinsertrag auf liquide Mittel	37 727.65
Zinsen auf Wertpapiere	1 067 504.19
Zinsertrag auf Swaps (Erläuterung 1)	631 400.69
Erträge aus Securities Lending (Erläuterung 12)	42 889.98
Total Erträge	1 801 548.77
Aufwendungen
Sonstige Erträge (Erläuterung 4)	22 026.26
Zinsaufwand auf Swaps (Erläuterung 1)	-34 088.68
Pauschale Verwaltungskommission (Erläuterung 2)	-3 564 429.63
Abonnementsabgabe (Erläuterung 3)	-34 449.50
Kosten aus Securities Lending (Erläuterung 12)	-17 155.99
Sonstige Kommissionen und Gebühren (Erläuterung 2)	-61 226.34
Total Aufwendungen	-3 724 372.18
Nettoerträge (-verluste) aus Anlagen	-1 922 823.41
Realisierte Gewinne (Verluste) (Erläuterung 1)
Zinsaufwand auf liquide Mittel und Kontokorrentkredit	-13 022.04
Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen	6 503 168.98
Realisierter Kursgewinn (-verlust) aus renditebewerteten Wertpapieren und Geldmarktinstrumenten		-1 609.92 Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten	-2 181 445.35
Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten	-381 434.24
Realisierter Kursgewinn (-verlust) aus Swaps	-669 123.63
Realisierter Nettogewinn (-verlust) der Berichtsperiode	918 988.93
Total der realisierten Gewinne (Verluste)	2 841 812.34
Realisierter Währungsgewinn (-verlust)	-427 743.50
Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1)
Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen	-39 469 209.77 Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente		-1 178.34 Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten			1 017 326.80
Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten	2 067 518.83
Total der Veränderungen der nicht realisierten Werterhöhung (-minderung)	-39 314 623.32
Nicht realisierte Werterhöhung (-minderung) von Swaps	-2 929 080.84
Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit	-38 395 634.39
* Zum 31. März 2020 wurden gegenüber Goldman Sachs Bankguthaben in Höhe von USD 370 000.00 und Canadian Imperial Bank Bankguthaben in Höhe von USD 1 220 000.00 als Sicherheit eingesetzt.
UBS (Lux) Key Selection SICAV – Global Allocation (USD)
Halbjahresbericht per 31. März 2020
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.10.2019-31.3.2020 |
| Nettovermögen zu Beginn der Berichtsperiode | 410 826 248.90 |
| Zeichnungen | 15 395 885.92 |
| Rücknahmen | 	-39 011 262.54	 |
| Total Mittelzufluss (-abfluss) | -23 615 376.62 |
| Nettoerträge (-verluste) aus Anlagen | -1 922 823.41 |
| Total der realisierten Gewinne (Verluste) | 2 841 812.34 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	-39 314 623.32	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | -38 395 634.39 |
| Nettovermögen am Ende der Berichtsperiode | 348 815 237.89 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.10.2019-31.3.2020 |
| Klasse | I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 170 783.9950 |
| Anzahl der ausgegebenen Aktien | 37 816.7930 |
| Anzahl der zurückgegebenen Aktien | -24 503.2450 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 184 097.5430 |
| Klasse | K-1-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 3.3000 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 3.3000 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 20 142 323.3070 |
| Anzahl der ausgegebenen Aktien | 450 058.0220 |
| Anzahl der zurückgegebenen Aktien | -1 944 261.9160 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 18 648 119.4130 |
| Klasse | (JPY) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 6 421.0500 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 6 421.0500 |
| Klasse | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 234 113.5110 |
| Anzahl der ausgegebenen Aktien | 7 511.0030 |
| Anzahl der zurückgegebenen Aktien | -34 310.1200 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 207 314.3940 |

UBS (Lux) Key Selection SICAV – Global Allocation (USD) Halbjahresbericht per 31. März 2020

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 31. März 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 einer offiziellen Börse gehandelt werden |  |  |  |
| Notes, fester Zins |  |  |  |
| AUD |  |  |  |
| AUD	AUSTRALIA 5.50000% 11-21.04.23 | 1 750 000.00 | 1 241 850.98 | 0.35 |
| AUD	NEW SOUTH WALES TREASURY CORP 4.00000% 13-20.04.23 | 1 850 000.00 | 1 247 163.58 | 0.36 |
| Total AUD |  | 2 489 014.56 | 0.71 |
| Total Notes, fester Zins |  | 2 489 014.56 | 0.71 |
| Anleihen, fester Zins |  |  |  |
| AUD |  |  |  |
| AUD	AUSTRALIA 2.75000% 12-21.04.24 | 4 200 000.00 | 2 820 807.47 | 0.81 |
| AUD	AUSTRALIA-REG-S 2.25000% 16-21.05.28 | 1 500 000.00 | 1 033 339.31 | 0.29 |
| AUD	AUSTRALIA-REG-S 2.75000% 14-21.06.35 | 1 800 000.00 | 1 348 589.74 | 0.39 |
| AUD	AUSTRALIA-REG-S 2.75000% 16-21.11.27 | 2 500 000.00 | 1 775 419.34 | 0.51 |
| AUD	AUSTRALIA-REG-S 3.00000% 16-21.03.47 | 1 350 000.00 | 1 072 561.32 | 0.31 |
| AUD	AUSTRALIA-REG-S 3.25000% 13-21.04.25 | 2 600 000.00 | 1 816 121.28 | 0.52 |
| AUD	QUEENSLAND TREASURY CORP 6.00000% 11-21.07.22 | 1 100 000.00 | 756 193.28 | 0.22 |
| AUD	QUEENSLAND TREASURY CORP-REG-S 4.25000% 12-21.07.23 | 950 000.00 | 648 761.68 | 0.18 |
| AUD	TREASURY CORP OF VICTORIA 6.00000% 03-17.10.22 | 1 750 000.00 | 1 217 055.30 | 0.35 |
| Total AUD |  | 12 488 848.72 | 3.58 |
| CAD |  |  |  |
| CAD	CANADA, GOVERNMENT 0.75000% 16-01.09.21 | 2 600 000.00 | 1 833 636.14 | 0.53 |
| CAD	CANADA, GOVERNMENT 0.50000% 16-01.03.22 | 2 600 000.00 | 1 828 009.99 | 0.52 |
| CAD	CANADA, GOVERNMENT 2.75000% 14-01.12.64 | 1 300 000.00 | 1 356 480.84 | 0.39 |
| CAD	CANADA, GOVERNMENT 2.75000% 14-01.12.48 | 1 300 000.00 | 1 222 046.58 | 0.35 |
| CAD	CANADA, GOVERNMENT 2.25000% 14-01.06.25 | 2 450 000.00 | 1 864 623.25 | 0.53 |
| CAD	CANADA, GOVERNMENT 3.25000% 10-01.06.21 | 5 000 000.00 | 3 626 936.46 | 1.04 |
| CAD	CANADA, GOVERNMENT 3.50000% 11-01.12.45 | 1 250 000.00 | 1 294 481.33 | 0.37 |
| CAD	CANADA, GOVERNMENT 5.75000% 01-01.06.33 | 1 150 000.00 | 1 285 631.09 | 0.37 |
| Total CAD |  | 14 311 845.68 | 4.10 |
| EUR |  |  |  |
| EUR	FRANCE, REPUBLIC OF-OAT 2.75000% 12-25.10.27 | 1 600 000.00 | 2 144 430.29 | 0.61 |
| EUR	FRANCE, REPUBLIC OF-OAT-144A-REG-S 1.25000% 15-25.05.36 | 800 000.00 | 995 082.85 | 0.29 |
| EUR	GERMANY, REPUBLIC OF 1.50000% 14-15.05.24 | 1 850 000.00 | 2 215 629.20 | 0.64 |
| EUR	GERMANY, REPUBLIC OF 4.75000% 98-04.07.28 | 750 000.00 | 1 190 843.23 | 0.34 |
| EUR	GERMANY, REPUBLIC OF 4.00000% 05-04.01.37 | 1 300 000.00 | 2 460 931.18 | 0.71 |
| EUR	GERMANY, REPUBLIC OF 2.25000% 11-04.09.21 | 2 250 000.00 | 2 570 507.83 | 0.74 |
| EUR	ITALY, REPUBLIC OF BTP 3.75000% 10-01.03.21 | 3 000 000.00 | 3 398 290.78 | 0.97 |
| EUR	ITALY, REPUBLIC OF-BTP 4.00000% 05-01.02.37 | 800 000.00 | 1 114 892.03 | 0.32 |
| EUR	ITALY, REPUBLIC OF-BTP 2.20000% 17-01.06.27 | 2 000 000.00 | 2 343 287.10 | 0.67 |
| Total EUR |  | 18 433 894.49 | 5.29 |
| Total Anleihen, fester Zins |  | 45 234 588.89 | 12.97 |
| Anleihen, Nullcoupon |  |  |  |
| EUR |  |  |  |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 16-25.05.21 | 1 800 000.00 | 1 986 553.28 | 0.57 |
| Total EUR |  | 1 986 553.28 | 0.57 |
| Total Anleihen, Nullcoupon |  | 1 986 553.28 | 0.57 |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.00000% 07-15.05.37 | 1 400 000.00 | 2 299 062.50 | 0.66 |
| USD	AMERICA, UNITED STATES OF 3.62500% 14-15.02.44 | 3 950 000.00 | 5 850 628.60 | 1.68 |
| USD	AMERICA, UNITED STATES OF 2.25000% 16-15.08.46 | 650 000.00 | 784 621.04 | 0.23 |
| USD	AMERICA, UNITED STATES OF 1.87500% 17-30.09.22 | 3 400 000.00 | 3 537 859.12 | 1.01 |
| USD	AMERICA, UNITED STATES OF 1.75000% 17-15.11.20 | 6 100 000.00 | 6 164 335.48 | 1.77 |
| USD	AMERICA, UNITED STATES OF 2.37500% 14-15.08.24 | 3 500 000.00 | 3 805 839.80 | 1.09 |
| USD	AMERICA, UNITED STATES OF 2.00000% 15-15.02.25 | 3 700 000.00 | 3 986 894.30 | 1.14 |
| USD	AMERICA, UNITED STATES OF 2.50000% 14-15.05.24 | 3 500 000.00 | 3 808 163.80 | 1.09 |
| Total USD |  | 30 237 404.64 | 8.67 |
| Total Treasury-Notes, fester Zins |  | 30 237 404.64 | 8.67 |
| Treasury-Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 1 880 000.00 | 3 973 904.55 | 1.14 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 775 000.00 | 1 176 307.49 | 0.34 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 14-15.01.24 | 690 000.00 | 775 309.21 | 0.22 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 1 275 000.00 | 1 429 753.38 | 0.41 |
| USD	AMERICA, UNITED STATES OF 1.125%/CPI LINKED 11-15.01.21 | 1 010 000.00 | 1 179 694.12 | 0.34 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.01.22 | 1 100 000.00 | 1 236 395.77 | 0.35 |

UBS (Lux) Key Selection SICAV – Global Allocation (USD)
Halbjahresbericht per 31. März 2020
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| USD | AMERICA, UNITED STATES OF 0.125%/CPI LINKED 13-15.01.23 | 1 100 000.00 | 1 214 562.21 | 0.35 |
| USD | AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 1 310 000.00 | 1 431 579.80 | 0.41 |
| USD | AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 1 100 000.00 | 1 226 350.62 | 0.35 |
| USD | AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 1 290 000.00 | 1 431 328.40 | 0.41 |
| USD | AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 1 305 000.00 | 1 434 217.51 | 0.41 |
| Total USD |  |  | 16 509 403.06 | 4.73 |
| Total Treasury-Notes, variabler Zins | 16 509 403.06 | 4.73 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 96 456 964.43 | 27.65 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Treasury-Bills, Nullcoupon |  |  |
| USD |  |  |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 18.07.19-16.07.20	7 100 000.00 | 7 098 353.65 | 2.03 |
| Total USD | 7 098 353.65 | 2.03 |
| Total Treasury-Bills, Nullcoupon | 7 098 353.65 | 2.03 |
| Treasury-Notes, variabler Zins |  |  |
| USD |  |  |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25	1 700 000.00 | 1 868 195.60 | 0.54 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 16-15.04.21	1 200 000.00 | 1 280 144.49 | 0.37 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22	1 100 000.00 | 1 222 434.46 | 0.35 |
| Total USD | 4 370 774.55 | 1.26 |
| Total Treasury-Notes, variabler Zins | 4 370 774.55 | 1.26 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden | 11 469 128.20 | 3.29 |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
| Irland |  |
| --- | --- |
| USD | ISHARES EDGE MSCI USA VALUE FACTOR UCITS ETF-CAP | 3 172 691.00 | 17 065 111.72 | 4.89 |
| Total Irland |  | 17 065 111.72 | 4.89 |
| Luxemburg |  |  |  |
| USD	UBS (LUX) BOND SICAV - GLOBAL CORPORATES U-X-DIST | 1 388.00 | 16 596 760.16 | 4.76 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND-GLOBAL BONDS (USD)-U-X ACC | 570.00 | 6 723 799.80 | 1.93 |
| EUR	UBS (LUX) EQUITY FUND - EUROPEAN OPPORTUNITY U-X-ACC | 2 036.00 | 51 635 112.97 | 14.80 |
| USD	UBS (LUX) EQUITY SICAV - USA GRWTH (USD)-U-X-ACC | 595.00 | 23 214 428.80 | 6.65 |
| USD	UBS (LUX) EQUITY SICAV - USA QUANTITATIVE (USD) U-X-ACC-CAP | 1 206.00 | 22 739 419.44 | 6.52 |
| USD	UBS (LUX) INST FUND - EMERGING MARKETS EQUITY FA | 456.00 | 10 833 173.76 | 3.11 |
| USD	UBS (LUX) INST FUND-KEY SEL. GLOBAL EQUITY FA-USD | 2 593.00 | 51 402 128.06 | 14.74 |
| USD	UBS (LUX) MONEY MARKET FUND - USD U-X-ACC | 344.00 | 3 841 245.04 | 1.10 |
| USD	UBS LUX BOND SICAV-CHINA FIXED INCOME (RMB)(USD HGD) U-X-ACC | 627.00 | 6 520 793.73 | 1.87 |
| USD	X-TRACKERS HARVEST CSI300 INDEX UCITS ETF-EUR-1D-DISTR | 667 000.00 | 6 881 772.50 | 1.97 |
| Total Luxemburg | 200 388 634.26 | 57.45 |
| Total Investment Fonds, open end | 217 453 745.98 | 62.34 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 | 217 453 745.98 | 62.34 |
| Total des Wertpapierbestandes | 325 379 838.61 | 93.28 |

| Derivative Instrumente |  |
| --- | --- |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden Finanzterminkontrakte auf Anleihen |
|  |  |  |  |
| EUR	EURO-BUND FUTURE 08.06.20 | -110.00 | 323 469.30 | 0.09 |
| EUR	EURO-BOBL FUTURE 08.06.20 | -166.00 | 187 607.81 | 0.05 |
| USD	US 2YR TREASURY NOTE FUTURE 30.06.20 | 110.00 | 144 375.00 | 0.04 |
| USD	US 10YR TREASURY NOTE FUTURE 19.06.20 | 160.00 | 962 500.00 | 0.28 |
| USD	US 5YR TREASURY NOTE FUTURE 30.06.20 | 131.00 | 234 367.12 | 0.07 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 19.06.20 | 22.00 | 448 250.00 | 0.13 |
| CAD	CAN 10YR BOND FUTURE 19.06.20 | 112.00 | 222 109.81 | 0.06 |
| Total Finanzterminkontrakte auf Anleihen |  | 2 522 679.04 | 0.72 |
| Finanzterminkontrakte auf Indizes |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.06.20 | 57.00 | 268 310.54 | 0.08 |
| CHF	SWISS MARKET INDEX FUTURE 19.06.20 | 21.00 | 329 543.69 | 0.09 |
| EUR	CAC 40 INDEX FUTURE 17.04.20 | -201.00 | -1 410 797.97 | -0.40 |
| GBP	FTSE 100 INDEX FUTURE 19.06.20 | -87.00 | -667 328.69 | -0.19 |
| SEK	OMX 30 INDEX FUTURE 17.04.20 | -679.00 | -1 369 945.60 | -0.39 |
| USD	S&P500 EMINI FUTURE 19.06.20 | -54.00 | 264 410.00 | 0.07 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 19.06.20 | 241.00 | 587 344.72 | 0.17 |
| AUD	SPI 200 INDEX FUTURES 18.06.20 | 37.00 | 154 557.93 | 0.04 |

UBS (Lux) Key Selection SICAV – Global Allocation (USD) Halbjahresbericht per 31. März 2020
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| JPY | TOPIX INDX FUTURE 11.06.20 | 142.00 | 1 111 481.64 | 0.32 |
| HKD | HANG SENG INDEX FUTURE 28.04.20 | 23.00 | 39 315.79 | 0.01 |
| CAD | S&P/TSX 60 INDEX FUTURE 18.06.20 | 14.00 | -1 829.49 | 0.00 |
| Total Finanzterminkontrakte auf Indizes | -694 937.44 | -0.20 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden | 1 827 741.60 | 0.52 |

Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Credit-Default-Swaps*
| USD | ICE/CDX.NA.IG.34 CDI REC 1.00000% 20-20.06.25 | 6 700 000.00 | -42 361.87 | -0.01 |
| --- | --- | --- | --- | --- |
| USD | ICE/CDX.NA.HY.34 CDI REC 5.00000% 20-20.06.25 | 19 550 000.00 | -1 222 526.67 | -0.35 |
| Total Credit-Default-Swaps | -1 264 888.54 | -0.36 |
| Total Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden | -1 264 888.54 | -0.36 |
| Total Derivative Instrumente | 562 853.06 | 0.16 |
| Devisenterminkontrakte |  |  |
| Devisenterminkontrakte (Kauf/Verkauf) |  |  |

| USD | 326 696.21 | SEK | 3 100 000.00 | 2.4.2020 | 13 808.25 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 29 894 117.73 | AUD | 43 567 904.59 | 2.4.2020 | 3 228 381.72 | 0.93 |
| USD | 30 170 483.62 | CAD | 39 447 997.85 | 2.4.2020 | 2 455 587.18 | 0.70 |
| USD | 4 234 865.33 | GBP | 3 240 000.00 | 2.4.2020 | 217 427.33 | 0.06 |
| NOK | 54 012 905.12 | USD | 6 028 337.91 | 2.4.2020 | -884 741.57 | -0.25 |
| JPY | 3 714 084 079.00 | USD | 33 908 954.59 | 2.4.2020 | 495 047.81 | 0.14 |
| USD | 8 490 354.61 | NZD | 12 860 000.00 | 2.4.2020 | 866 303.61 | 0.25 |
| SEK | 3 488 526.92 | USD | 367 525.61 | 2.4.2020 | -15 423.01 | 0.00 |
| USD | 1 640 418.38 | DKK | 11 000 000.00 | 2.4.2020 | 22 961.61 | 0.01 |
| HKD | 15 700 000.00 | USD | 2 018 903.62 | 2.4.2020 | 6 667.60 | 0.00 |
| USD | 19 023 583.67 | CHF | 18 329 367.45 | 2.4.2020 | 79 480.06 | 0.02 |
| USD | 48 194 960.00 | EUR | 43 266 456.33 | 2.4.2020 | 720 840.79 | 0.21 |
| MXN | 290 920 000.00 | USD | 15 381 329.23 | 2.4.2020 | -2 980 250.76 | -0.85 |
| CAD | 1 500 000.00 | USD | 1 147 806.57 | 2.4.2020 | -93 954.74 | -0.03 |
| EUR | 700 000.00 | USD | 779 742.60 | 2.4.2020 | -11 667.60 | 0.00 |
| JPY | 60 000 000.00 | USD | 547 627.53 | 2.4.2020 | 8 159.60 | 0.00 |
| CHF | 2 060 000.00 | USD | 2 121 723.26 | 2.4.2020 | 7 365.68 | 0.00 |
| USD | 1 302 692.00 | GBP | 1 000 000.00 | 2.4.2020 | 62 742.00 | 0.02 |
| USD | 468 528.65 | JPY | 51 000 000.00 | 2.4.2020 | -3 890.41 | 0.00 |
| EUR | 1 300 000.00 | USD | 1 430 167.70 | 2.4.2020 | -3 742.70 | 0.00 |
| USD | 405 471.41 | SEK | 3 900 000.00 | 2.4.2020 | 11 838.18 | 0.00 |
| JPY | 50 000 000.00 | USD | 456 192.52 | 2.4.2020 | 6 963.42 | 0.00 |
| USD | 383 236.60 | EUR | 350 000.00 | 2.4.2020 | -800.90 | 0.00 |
| USD | 452 575.52 | JPY | 50 000 000.00 | 2.4.2020 | -10 580.42 | 0.00 |
| USD | 255 227.09 | SEK | 2 500 000.00 | 2.4.2020 | 2 898.09 | 0.00 |
| CLP | 6 848 010 000.00 | USD | 8 434 340.82 | 23.4.2020 | -394 807.66 | -0.11 |
| COP | 28 100 000 000.00 | USD | 8 174 545.45 | 23.4.2020 | -1 264 094.56 | -0.36 |
| USD | 433 664.12 | EUR | 400 000.00 | 2.4.2020 | -5 235.88 | 0.00 |
| USD | 661 605.84 | JPY | 73 000 000.00 | 2.4.2020 | -14 601.84 | 0.00 |
| USD | 294 423.39 | EUR | 270 000.00 | 2.4.2020 | -1 834.11 | 0.00 |
| USD | 363 995.96 | JPY | 40 000 000.00 | 2.4.2020 | -6 528.80 | 0.00 |
| USD | 667 454.14 | JPY | 72 000 000.00 | 2.4.2020 | 509.58 | 0.00 |
| USD | 798 472.95 | JPY | 86 000 000.00 | 2.4.2020 | 1 844.73 | 0.00 |
| SEK | 18 300 000.00 | USD | 1 938 653.52 | 2.4.2020 | -91 605.26 | -0.03 |
| GBP | 350 000.00 | USD | 452 277.60 | 2.4.2020 | -18 295.10 | -0.01 |
| USD | 328 215.89 | JPY | 35 000 000.00 | 2.4.2020 | 4 006.73 | 0.00 |
| USD | 245 081.99 | JPY | 25 000 000.00 | 2.4.2020 | 13 504.02 | 0.00 |
| CAD | 920 000.00 | USD | 671 720.39 | 2.4.2020 | -25 357.94 | -0.01 |
| USD | 1 485 020.69 | JPY | 155 000 000.00 | 2.4.2020 | 49 237.26 | 0.01 |
| USD | 294 414.08 | AUD | 450 000.00 | 2.4.2020 | 18 991.58 | 0.01 |
| EUR | 1 000 000.00 | USD | 1 133 437.30 | 2.4.2020 | -36 187.30 | -0.01 |
| GBP | 900 000.00 | USD | 1 166 450.85 | 2.4.2020 | -50 495.85 | -0.01 |
| CAD | 900 000.00 | USD | 655 568.38 | 2.4.2020 | -23 257.28 | -0.01 |
| SEK | 8 000 000.00 | USD | 846 346.98 | 2.4.2020 | -38 894.19 | -0.01 |
| USD | 643 636.41 | HKD | 5 000 000.00 | 2.4.2020 | -1 449.97 | 0.00 |
| USD | 578 843.61 | JPY | 60 000 000.00 | 2.4.2020 | 23 056.48 | 0.01 |
| EUR | 10 121 775.37 | USD | 11 280 000.00 | 2.4.2020 | -173 881.97 | -0.05 |
| JPY | 788 790 000.00 | EUR | 6 740 259.01 | 2.4.2020 | -89 093.63 | -0.03 |
| USD | 7 145 387.85 | COP | 28 924 530 000.00 | 23.4.2020 | 32 165.64 | 0.01 |
| USD | 12 521 640.85 | MXN | 279 180 000.00 | 2.4.2020 | 621 004.64 | 0.18 |
| EUR | 1 670 000.00 | USD | 1 851 964.87 | 2.4.2020 | -19 557.37 | -0.01 |
| USD | 775 512.35 | JPY | 83 000 000.00 | 2.4.2020 | 6 673.48 | 0.00 |
| USD | 227 773.48 | AUD | 370 000.00 | 2.4.2020 | 1 314.98 | 0.00 |
| USD | 1 212 037.43 | JPY | 128 000 000.00 | 2.4.2020 | 26 358.21 | 0.01 |
| SEK | 12 400 000.00 | USD | 1 247 352.29 | 2.4.2020 | 4 199.53 | 0.00 |
| USD | 379 794.38 | CAD | 540 000.00 | 2.4.2020 | 407.72 | 0.00 |
| EUR | 2 000 000.00 | USD | 2 161 260.80 | 2.4.2020 | 33 239.20 | 0.01 |
| USD | 184 515.48 | SEK | 1 900 000.00 | 2.4.2020 | -7 254.56 | 0.00 |
| USD | 348 132.62 | HKD | 2 700 000.00 | 2.4.2020 | -214.02 | 0.00 |
| USD | 298 008.79 | SEK | 3 000 000.00 | 2.4.2020 | -4 786.01 | 0.00 |
| JPY | 21 000 000.00 | USD | 188 829.72 | 2.4.2020 | 5 695.78 | 0.00 |
| USD | 481 973.94 | SEK | 4 800 000.00 | 2.4.2020 | -2 497.73 | 0.00 |
| USD | 406 012.10 | EUR | 370 000.00 | 2.4.2020 | 29.60 | 0.00 |
| CAD | 1 300 000.00 | USD | 922 020.54 | 2.4.2020 | -8 682.29 | 0.00 |

* Nominal positiv: der Subfonds ist «Receiver of protection», Nominal negativ: der Subfonds ist «Seller of protection».
UBS (Lux) Key Selection SICAV – Global Allocation (USD)
Halbjahresbericht per 31. März 2020
| Bezeichnung	Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- |
| Nominal | NR Kursgewinn | Netto- |
|  | (-verlust) auf Futures/ | vermögens |
|  | Devisentermin- |  |
|  | kontrakten/ |  |
|  | Swaps (Erl. 1) |  |

Devisenterminkontrakte (Fortsetzung)
Devisenterminkontrakte (Kauf/Verkauf)
| JPY | 165 000 000.00 | USD | 1 516 562.94 | 2.4.2020 | 11 851.68 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 527 828.69 | EUR | 480 000.00 | 2.4.2020 | 1 148.69 | 0.00 |
| USD | 27 149 604.39 | AUD | 44 387 904.59 | 28.5.2020 | -23 495.60 | -0.01 |
| HKD | 8 000 000.00 | USD | 1 031 605.05 | 28.5.2020 | 294.12 | 0.00 |
| JPY | 3 940 874 079.00 | USD | 36 441 654.03 | 28.5.2020 | 155 567.01 | 0.04 |
| SEK | 22 988 526.92 | USD | 2 279 884.71 | 28.5.2020 | 43 252.29 | 0.01 |
| NOK | 54 012 905.12 | USD | 5 157 217.61 | 28.5.2020 | -12 425.99 | 0.00 |
| USD | 38 577 308.93 | EUR | 35 084 939.97 | 28.5.2020 | -3 447.98 | 0.00 |
| USD | 3 696 665.87 | GBP | 2 990 000.00 | 28.5.2020 | -14 646.46 | 0.00 |
| USD | 16 914 227.45 | CHF | 16 269 367.45 | 28.5.2020 | 52 083.79 | 0.01 |
| USD | 24 884 963.22 | CAD | 35 367 997.85 | 28.5.2020 | 24 346.04 | 0.01 |
| USD | 7 659 941.97 | NZD | 12 860 000.00 | 28.5.2020 | 39 446.87 | 0.01 |
| USD | 1 619 437.30 | DKK | 11 000 000.00 | 28.5.2020 | -1 399.29 | 0.00 |
| MXN | 11 740 000.00 | USD | 488 314.74 | 28.5.2020 | 7 822.43 | 0.00 |
| USD | 208 725.30 | EUR | 190 000.00 | 28.5.2020 | -206.05 | 0.00 |
| Total Devisenterminkontrakte (Kauf/Verkauf) | 3 045 238.21 | 0.87 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 19 835 509.55* | 5.69 |
| Andere Aktiva und Passiva | -8 201.54 | 0.00 |
| Total des Nettovermögens | 348 815 237.89 | 100.00 |

* Zum 31. März 2020 wurden gegenüber Goldman Sachs Bankguthaben in Höhe von USD 370 000.00 und Canadian Imperial Bank Bankguthaben in Höhe von USD 1 220 000.00 als Sicherheit eingesetzt.
UBS (Lux) Key Selection SICAV – Global Allocation (USD) Halbjahresbericht per 31. März 2020