# UBS (Lux) Equity SICAV – US Income (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| Net assets in USD |  | 694 652 138.63 | 660 033 338.14 | 599 358 416.94 |
| Class F-dist 1 | LU2110954661 |  |  |  |
| Shares outstanding |  | 631 558.3570 | 108 907.0000 | - |
| Net asset value per share in USD |  | 97.06 | 87.85 | - |
| Issue and redemption price per share in USD 2 |  | 97.06 | 87.85 | - |
| Class (EUR hedged) I-A1-dist 3 | LU1427883142 |  |  |  |
| Shares outstanding |  | - | - | 42 900.0000 |
| Net asset value per share in EUR |  | - | - | 103.82 |
| Issue and redemption price per share in EUR 2 |  | - | - | 103.82 |
| Class I-A2-8%-mdist 4 | LU1629764272 |  |  |  |
| Shares outstanding |  | - | - | 176 259.9380 |
| Net asset value per share in USD |  | - | - | 99.19 |
| Issue and redemption price per share in USD 2 |  | - | - | 99.19 |
| Class I-A3-8%-mdist 5 | LU2021186239 |  |  |  |
| Shares outstanding |  | 400 000.0000 | 400 000.0000 | - |
| Net asset value per share in USD |  | 99.16 | 91.32 | - |
| Issue and redemption price per share in USD 2 |  | 99.16 | 91.32 | - |
| Class K-1-8%-mdist | LU1230950575 |  |  |  |
| Shares outstanding |  | 0.1000 | 0.1000 | 0.1000 |
| Net asset value per share in USD |  | 4 961 783.90 | 4 583 073.80 | 4 973 145.30 |
| Issue and redemption price per share in USD 2 |  | 4 961 783.90 | 4 583 073.80 | 4 973 145.30 |
| Class P-acc | LU1149724525 |  |  |  |
| Shares outstanding |  | 205 067.1520 | 300 194.8500 | 341 326.2090 |
| Net asset value per share in USD |  | 150.76 | 134.20 | 135.19 |
| Issue and redemption price per share in USD 2 |  | 150.76 | 134.20 | 135.19 |
| Class (CHF hedged) P-acc | LU1149725092 |  |  |  |
| Shares outstanding |  | 79 645.1520 | 88 757.1110 | 93 019.0020 |
| Net asset value per share in CHF |  | 131.55 | 118.02 | 123.04 |
| Issue and redemption price per share in CHF 2 |  | 131.55 | 118.02 | 123.04 |
| Class (EUR) P-acc 6 | LU2211317628 |  |  |  |
| Shares outstanding |  | 2 173.5620 | - | - |
| Net asset value per share in EUR |  | 103.67 | - | - |
| Issue and redemption price per share in EUR 2 |  | 103.67 | - | - |
| Class (EUR hedged) P-acc | LU1149724871 |  |  |  |
| Shares outstanding |  | 165 486.2270 | 184 153.8780 | 147 582.7390 |
| Net asset value per share in EUR |  | 135.00 | 121.05 | 125.67 |
| Issue and redemption price per share in EUR 2 |  | 135.00 | 121.05 | 125.67 |
| Class P-dist | LU1149724798 |  |  |  |
| Shares outstanding |  | 148 354.0670 | 201 239.7310 | 237 632.0680 |
| Net asset value per share in USD |  | 102.14 | 98.29 | 106.94 |
| Issue and redemption price per share in USD 2 |  | 102.14 | 98.29 | 106.94 |
| Class (CHF hedged) P-dist | LU1149725175 |  |  |  |
| Shares outstanding |  | 270 009.0930 | 311 556.4810 | 196 402.4900 |
| Net asset value per share in CHF |  | 88.65 | 86.00 | 97.14 |
| Issue and redemption price per share in CHF 2 |  | 88.65 | 86.00 | 97.14 |
| Class (EUR) P-dist 6 | LU2211318196 |  |  |  |
| Shares outstanding |  | 1 728.4920 | - | - |
| Net asset value per share in EUR |  | 103.67 | - | - |
| Issue and redemption price per share in EUR 2 |  | 103.67 | - | - |
| Class (EUR hedged) P-dist | LU1149724954 |  |  |  |
| Shares outstanding |  | 65 522.2680 | 53 232.0750 | 32 978.9490 |
| Net asset value per share in EUR |  | 91.09 | 88.31 | 99.28 |
| Issue and redemption price per share in EUR 2 |  | 91.09 | 88.31 | 99.28 |
| Class P-mdist | LU1217041372 |  |  |  |
| Shares outstanding |  | 157 761.0150 | 225 119.5670 | 321 063.5070 |
| Net asset value per share in USD |  | 99.37 | 91.56 | 99.87 |
| Issue and redemption price per share in USD 2 |  | 99.37 | 91.56 | 99.87 |
| Class Q-acc | LU1240788734 |  |  |  |
| Shares outstanding |  | 210 991.2740 | 272 429.0040 | 710 767.1320 |
| Net asset value per share in USD |  | 154.10 | 136.74 | 136.90 |
| Issue and redemption price per share in USD 2 |  | 154.10 | 136.74 | 136.90 |

UBS (Lux) Equity SICAV – US Income (USD) Semi-Annual Report as of 30 November 2020
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class (CHF hedged) Q-acc | LU1240788221 |  |  |  |
| Shares outstanding |  | 77 789.0070 | 96 206.4570 | 736 487.0100 |
| Net asset value per share in CHF |  | 135.21 | 120.92 | 125.14 |
| Issue and redemption price per share in CHF 2 |  | 135.21 | 120.92 | 125.14 |
| Class (EUR hedged) Q-acc | LU1240788577 |  |  |  |
| Shares outstanding |  | 85 209.6680 | 100 565.0690 | 137 410.9690 |
| Net asset value per share in EUR |  | 133.97 | 119.74 | 123.49 |
| Issue and redemption price per share in EUR 2 |  | 133.97 | 119.74 | 123.49 |
| Class Q-dist | LU1240788817 |  |  |  |
| Shares outstanding |  | 196 117.7130 | 259 120.5700 | 629 350.0690 |
| Net asset value per share in USD |  | 107.65 | 103.26 | 111.92 |
| Issue and redemption price per share in USD 2 |  | 107.65 | 103.26 | 111.92 |
| Class (CHF hedged) Q-dist | LU1240788494 |  |  |  |
| Shares outstanding |  | 141 833.4790 | 208 270.7900 | 1 259 585.9040 |
| Net asset value per share in CHF |  | 94.22 | 91.10 | 102.13 |
| Issue and redemption price per share in CHF 2 |  | 94.22 | 91.10 | 102.13 |
| Class QL-acc 7 | LU2049087617 |  |  |  |
| Shares outstanding |  | 466 794.8660 | 495 238.1620 | - |
| Net asset value per share in USD |  | 106.93 | 94.79 | - |
| Issue and redemption price per share in USD 2 |  | 106.93 | 94.79 | - |
| Class (CHF hedged) QL-acc 7 | LU2049085249 |  |  |  |
| Shares outstanding |  | 670 100.0640 | 828 241.0560 | - |
| Net asset value per share in CHF |  | 103.76 | 92.70 | - |
| Issue and redemption price per share in CHF 2 |  | 103.76 | 92.70 | - |
| Class (EUR hedged) QL-acc 7 | LU2049087021 |  |  |  |
| Shares outstanding |  | 45 536.8130 | 50 541.5410 | - |
| Net asset value per share in EUR |  | 104.33 | 93.15 | - |
| Issue and redemption price per share in EUR 2 |  | 104.33 | 93.15 | - |
| Class QL-dist 7 | LU2049087708 |  |  |  |
| Shares outstanding |  | 619 385.4380 | 595 379.2030 | - |
| Net asset value per share in USD |  | 101.80 | 94.77 | - |
| Issue and redemption price per share in USD 2 |  | 101.80 | 94.77 | - |
| Class (CHF hedged) QL-dist 7 | LU2049086726 |  |  |  |
| Shares outstanding |  | 1 451 254.0150 | 1 603 577.1630 | - |
| Net asset value per share in CHF |  | 98.76 | 92.68 | - |
| Issue and redemption price per share in CHF 2 |  | 98.76 | 92.68 | - |
| Class U-X-UKdist-mdist | LU1480122297 |  |  |  |
| Shares outstanding | 1 051.9000 | 1 114.9000 | 1 086.9000 |
| Net asset value per share in USD | 11 076.34 | 10 310.06 | 11 014.78 |
| Issue and redemption price per share in USD 2 | 11 076.34 | 10 310.06 | 11 014.78 |
| 1  First NAV: 13.2.2020 2  See note 1 3  The share class (EUR hedged) I-A1-dist was in circulation until 30.4.2020 4  For the period from 6.7.2017 to 6.1.2020 the share class I-A2-8%-mdist was in circulation 5  First NAV: 26.8.2019 6  First NAV: 12.8.2020 7  First NAV: 9.10.2019 |  |  |  |


## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
United States	97.57
Ireland	1.06
Guernsey	1.01
Bermuda	0.47
Switzerland	-0.06
Canada	-0.06
United Kingdom	-0.29
France	-0.38
Total	99.32
Economic Breakdown as a % of net assets	
Internet, software & IT services	16.92
Retail trade, department stores	12.60
Pharmaceuticals, cosmetics & medical products	9.75
Electronics & semiconductors	7.28
Finance & holding companies	6.83
Biotechnology	6.78
Traffic & transportation	6.01
Telecommunications	4.41
Food & soft drinks	3.95
Healthcare & social services	3.07
Energy & water supply	3.03
Miscellaneous consumer goods	2.92
Computer hardware & network equipment providers	2.81
Precious metals & stones	2.64
Insurance	2.21
Miscellaneous services	1.52
Real Estate	1.44
Graphic design, publishing & media	1.06
Vehicles	1.03
Chemicals	0.99
Environmental services & recycling	0.98
Tobacco & alcohol	0.71
Mechanical engineering & industrial equipment	0.68
Banks & credit institutions	-0.30
Total	99.32
UBS (Lux) Equity SICAV – US Income (USD) Semi-Annual Report as of 30 November 2020

## Statement of Net Assets
Assets	30.11.2020
USD
Investments in securities, cost	628 255 743.75
| Investments in securities, unrealized appreciation (depreciation) | 	61 661 681.00	 |
| --- | --- |
| Total investments in securities (Note 1) | 689 917 424.75 |
| Cash at banks, deposits on demand and deposit accounts | 2 653 453.85 |
| Receivable on subscriptions | 1 700 819.49 |
| Receivable on dividends | 624 688.02 |
| Other receivables | 78 567.16 |
| Unrealized gain on forward foreign exchange contracts (Note 1) | 2 393 324.41 |
| Total Assets | 697 368 277.68 |
|  |  |
| Liabilities |  |
| Bank overdraft | -151 743.55 |
| Payable on redemptions | -2 174 125.23 |
| Provisions for flat fee (Note 2) | -271 115.13 |
| Provisions for taxe d’abonnement (Note 3) | -50 106.46 |
| Provisions for other commissions and fees (Note 2) | 	-69 048.68	 |
| Total provisions | -390 270.27 |
| Total Liabilities | -2 716 139.05 |
|  |  |
| Net assets at the end of the period | 694 652 138.63 |
| Statement of Operations | USD |
| Income | 1.6.2020-30.11.2020 |
| Interest on liquid assets | 146.95 |
| Dividends | 4 404 974.94 |
| Income on securities lending (Note 14) | 125 134.62 |
| Other income (Note 4) | 13 519.01 |
| Total income | 4 543 775.52 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -3 353 132.91 |
| Taxe d’abonnement (Note 3) | -154 336.73 |
| Cost on securities lending (Note 14) | -50 053.85 |
| Other commissions and fees (Note 2) | -39 122.91 |
| Interest on cash and bank overdraft | -410.39 |
| Total expenses | -3 597 056.79 |
|  |  |
| Net income (loss) on investments | 946 718.73 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 22 817 681.50 |
| Realized gain (loss) on options | 3 394 321.01 |
| Realized gain (loss) on financial futures | 571 754.68 |
| Realized gain (loss) on forward foreign exchange contracts | 25 997 446.33 |
| Realized gain (loss) on foreign exchange | -3 337 489.18 |
| Total realized gain (loss) | 49 443 714.34 |
|  |  |
| Net realized gain (loss) of the period | 50 390 433.07 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 47 104 807.19 |
| Unrealized appreciation (depreciation) on options | 6 501 772.69 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -2 399 494.42 |
| Total changes in unrealized appreciation (depreciation) | 51 207 085.46 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 101 597 518.53 |

UBS (Lux) Equity SICAV – US Income (USD) Semi-Annual Report as of 30 November 2020
| Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.6.2020-30.11.2020 |
| Net assets at the beginning of the period | 660 033 338.14 |
| Subscriptions | 101 723 290.40 |
| Redemptions | 	-146 533 896.52	 |
| Total net subscriptions (redemptions) | -44 810 606.12 |
| Dividend paid | -22 168 111.92 |
| Net income (loss) on investments | 946 718.73 |
| Total realized gain (loss) | 49 443 714.34 |
| Total changes in unrealized appreciation (depreciation) | 	51 207 085.46	 |
| Net increase (decrease) in net assets as a result of operations | 101 597 518.53 |
| Net assets at the end of the period | 694 652 138.63 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2020-30.11.2020 |
| Class | F-dist |
| Number of shares outstanding at the beginning of the period | 108 907.0000 |
| Number of shares issued | 535 386.4430 |
| Number of shares redeemed | -12 735.0860 |
| Number of shares outstanding at the end of the period | 631 558.3570 |
| Class | I-A3-8%-mdist |
| Number of shares outstanding at the beginning of the period | 400 000.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 400 000.0000 |
| Class | K-1-8%-mdist |
| Number of shares outstanding at the beginning of the period | 0.1000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 0.1000 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 300 194.8500 |
| Number of shares issued | 8 162.4280 |
| Number of shares redeemed | -103 290.1260 |
| Number of shares outstanding at the end of the period | 205 067.1520 |
| Class | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 88 757.1110 |
| Number of shares issued | 2 569.1770 |
| Number of shares redeemed | -11 681.1360 |
| Number of shares outstanding at the end of the period | 79 645.1520 |
| Class | (EUR) P-acc |
| Number of shares outstanding at the beginning of the period | 0.0000 |
| Number of shares issued | 2 173.5620 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 2 173.5620 |
| Class | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 184 153.8780 |
| Number of shares issued | 8 860.8000 |
| Number of shares redeemed | -27 528.4510 |
| Number of shares outstanding at the end of the period | 165 486.2270 |
| Class | P-dist |
| Number of shares outstanding at the beginning of the period | 201 239.7310 |
| Number of shares issued | 11 896.5720 |
| Number of shares redeemed | -64 782.2360 |
| Number of shares outstanding at the end of the period | 148 354.0670 |
| Class | (CHF hedged) P-dist |
| Number of shares outstanding at the beginning of the period | 311 556.4810 |
| Number of shares issued | 23 513.5120 |
| Number of shares redeemed | -65 060.9000 |
| Number of shares outstanding at the end of the period | 270 009.0930 |
| Class | (EUR) P-dist |
| Number of shares outstanding at the beginning of the period | 0.0000 |
| Number of shares issued | 1 981.2670 |
| Number of shares redeemed | -252.7750 |
| Number of shares outstanding at the end of the period | 1 728.4920 |
| Class | (EUR hedged) P-dist |
| Number of shares outstanding at the beginning of the period | 53 232.0750 |
| Number of shares issued | 24 357.7920 |
| Number of shares redeemed | -12 067.5990 |
| Number of shares outstanding at the end of the period | 65 522.2680 |
| Class | P-mdist |
| Number of shares outstanding at the beginning of the period | 225 119.5670 |
| Number of shares issued | 37 767.6100 |
| Number of shares redeemed | -105 126.1620 |
| Number of shares outstanding at the end of the period | 157 761.0150 |

UBS (Lux) Equity SICAV – US Income (USD) Semi-Annual Report as of 30 November 2020
| Class |  |  |  | Q-acc |
| --- | --- | --- | --- | --- |
| Number of shares outstanding at the beginning of the period |  |  |  | 272 429.0040 |
| Number of shares issued |  |  |  | 951.8690 |
| Number of shares redeemed |  |  |  | -62 389.5990 |
| Number of shares outstanding at the end of the period |  |  |  | 210 991.2740 |
| Class |  |  |  | (CHF hedged) Q-acc |
| Number of shares outstanding at the beginning of the period |  |  |  | 96 206.4570 |
| Number of shares issued |  |  |  | 81.6790 |
| Number of shares redeemed |  |  |  | -18 499.1290 |
| Number of shares outstanding at the end of the period |  |  |  | 77 789.0070 |
| Class |  |  |  | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the period |  |  |  | 100 565.0690 |
| Number of shares issued |  |  |  | 0.0000 |
| Number of shares redeemed |  |  |  | -15 355.4010 |
| Number of shares outstanding at the end of the period |  |  |  | 85 209.6680 |
| Class |  |  |  | Q-dist |
| Number of shares outstanding at the beginning of the period |  |  |  | 259 120.5700 |
| Number of shares issued |  |  |  | 10 361.9710 |
| Number of shares redeemed |  |  |  | -73 364.8280 |
| Number of shares outstanding at the end of the period |  |  |  | 196 117.7130 |
| Class |  |  |  | (CHF hedged) Q-dist |
| Number of shares outstanding at the beginning of the period |  |  |  | 208 270.7900 |
| Number of shares issued |  |  |  | 4 961.0000 |
| Number of shares redeemed |  |  |  | -71 398.3110 |
| Number of shares outstanding at the end of the period |  |  |  | 141 833.4790 |
| Class |  |  |  | QL-acc |
| Number of shares outstanding at the beginning of the period |  |  |  | 495 238.1620 |
| Number of shares issued |  |  |  | 75 868.0360 |
| Number of shares redeemed |  |  |  | -104 311.3320 |
| Number of shares outstanding at the end of the period |  |  |  | 466 794.8660 |
| Class |  |  |  | (CHF hedged) QL-acc |
| Number of shares outstanding at the beginning of the period |  |  |  | 828 241.0560 |
| Number of shares issued |  |  |  | 19 217.6280 |
| Number of shares redeemed |  |  |  | -177 358.6200 |
| Number of shares outstanding at the end of the period |  |  |  | 670 100.0640 |
| Class |  |  |  | (EUR hedged) QL-acc |
| Number of shares outstanding at the beginning of the period |  |  |  | 50 541.5410 |
| Number of shares issued |  |  |  | 11 169.2260 |
| Number of shares redeemed |  |  |  | -16 173.9540 |
| Number of shares outstanding at the end of the period |  |  |  | 45 536.8130 |
| Class |  |  |  | QL-dist |
| Number of shares outstanding at the beginning of the period |  |  |  | 595 379.2030 |
| Number of shares issued |  |  |  | 138 766.1470 |
| Number of shares redeemed |  |  |  | -114 759.9120 |
| Number of shares outstanding at the end of the period |  |  |  | 619 385.4380 |
| Class |  |  |  | (CHF hedged) QL-dist |
| Number of shares outstanding at the beginning of the period |  |  |  | 1 603 577.1630 |
| Number of shares issued |  |  |  | 117 584.7690 |
| Number of shares redeemed |  |  |  | -269 907.9170 |
| Number of shares outstanding at the end of the period |  |  |  | 1 451 254.0150 |
| Class |  |  |  | U-X-UKdist-mdist |
| Number of shares outstanding at the beginning of the period |  |  |  | 1 114.9000 |
| Number of shares issued |  |  |  | 91.0000 |
| Number of shares redeemed |  |  |  | -154.0000 |
| Number of shares outstanding at the end of the period |  |  |  | 1 051.9000 |
| Annual Distribution 1 |  |  |  |  |
| UBS (Lux) Equity SICAV – US Income (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| F-dist | 3.8.2020 | 6.8.2020 | USD | 0.10 |
| F-dist | 5.8.2020 | 10.8.2020 | USD | 1.94 |
| P-dist | 3.8.2020 | 6.8.2020 | USD | 0.27 |
| P-dist | 5.8.2020 | 10.8.2020 | USD | 7.59 |
| (CHF hedged) P-dist | 3.8.2020 | 6.8.2020 | CHF | 0.19 |
| (CHF hedged) P-dist | 5.8.2020 | 10.8.2020 | CHF | 6.69 |
| (EUR hedged) P-dist | 3.8.2020 | 6.8.2020 | EUR | 0.18 |
| (EUR hedged) P-dist | 5.8.2020 | 10.8.2020 | EUR | 6.88 |
| Q-dist | 3.8.2020 | 6.8.2020 | USD | 0.67 |
| Q-dist | 5.8.2020 | 10.8.2020 | USD | 7.59 |
| (CHF hedged) Q-dist | 3.8.2020 | 6.8.2020 | CHF | 0.54 |
| (CHF hedged) Q-dist | 5.8.2020 | 10.8.2020 | CHF | 6.74 |
| QL-dist | 3.8.2020 | 6.8.2020 | USD | 0.45 |
| QL-dist | 5.8.2020 | 10.8.2020 | USD | 4.38 |
| (CHF hedged) QL-dist | 3.8.2020 | 6.8.2020 | CHF | 0.41 |
| (CHF hedged) QL-dist | 5.8.2020 | 10.8.2020 | CHF | 4.32 |
| 1  See note 5 |  |  |  |  |

UBS (Lux) Equity SICAV – US Income (USD) Semi-Annual Report as of 30 November 2020
| Monthly Distribution 1 |  |
| --- | --- |
| UBS (Lux) Equity SICAV – US Income (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| I-A3-8%-mdist | 10.6.2020 | 15.6.2020 | USD | 0.60 |
| I-A3-8%-mdist | 10.7.2020 | 15.7.2020 | USD | 0.61 |
| I-A3-8%-mdist | 10.8.2020 | 13.8.2020 | USD | 0.63 |
| I-A3-8%-mdist | 10.9.2020 | 15.9.2020 | USD | 0.66 |
| I-A3-8%-mdist | 12.10.2020 | 15.10.2020 | USD | 0.64 |
| I-A3-8%-mdist | 10.11.2020 | 13.11.2020 | USD | 0.62 |
| K-1-8%-mdist | 10.6.2020 | 15.6.2020 | USD | 30 553.82 |
| K-1-8%-mdist | 10.7.2020 | 15.7.2020 | USD | 30 644.46 |
| K-1-8%-mdist | 10.8.2020 | 13.8.2020 | USD | 31 954.73 |
| K-1-8%-mdist | 10.9.2020 | 15.9.2020 | USD | 33 083.49 |
| K-1-8%-mdist | 12.10.2020 | 15.10.2020 | USD | 32 176.02 |
| K-1-8%-mdist | 10.11.2020 | 13.11.2020 | USD | 31 179.11 |
| P-mdist | 15.6.2020 | 18.6.2020 | USD | 0.55 |
| P-mdist | 15.7.2020 | 20.7.2020 | USD | 0.55 |
| P-mdist | 17.8.2020 | 20.8.2020 | USD | 0.55 |
| P-mdist | 15.9.2020 | 18.9.2020 | USD | 0.58 |
| P-mdist | 15.10.2020 | 20.10.2020 | USD | 0.56 |
| P-mdist | 16.11.2020 | 19.11.2020 | USD | 0.54 |
| U-X-UKdist-mdist | 15.6.2020 | 18.6.2020 | USD | 115.56 |
| U-X-UKdist-mdist | 15.7.2020 | 20.7.2020 | USD | 91.21 |
| U-X-UKdist-mdist | 17.8.2020 | 20.8.2020 | USD | 87.55 |
| U-X-UKdist-mdist | 15.9.2020 | 18.9.2020 | USD | 91.62 |
| U-X-UKdist-mdist | 15.10.2020 | 20.10.2020 | USD | 93.44 |
| U-X-UKdist-mdist | 16.11.2020 | 19.11.2020 | USD | 90.55 |
| 1  See note 5 |  |  |  |  |

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

## Statement of Investments in Securities and other Net Assets as of 30 November 2020
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Bearer shares |  |  |  |
| Guernsey |  |  |  |
| USD	AMDOCS ORD GBP0.01 | 106 231.00 | 6 991 062.11 | 1.01 |
| Total Guernsey |  | 6 991 062.11 | 1.01 |
| United States |  |  |  |
| USD	CERNER CORP COM | 284 855.00 | 21 318 548.20 | 3.07 |
| USD	CHEMED CORP NEW COM | 14 353.00 | 6 864 322.25 | 0.99 |
| USD	DOMINION ENERGY IN COM STK NPV | 212 687.00 | 16 693 802.63 | 2.40 |
| USD	EQUITY COMMONWEALT USD0.01( BNF INT) | 255 156.00 | 6 764 185.56 | 0.97 |
| USD	EXPEDTRS INTL WASH COM USD0.01 | 231 347.00 | 20 675 481.39 | 2.98 |
| USD	FORTINET INC COM USD0.001 | 179 167.00 | 22 078 749.41 | 3.18 |
| USD	GENTEX CORP COM | 218 809.00 | 7 133 173.40 | 1.03 |
| USD	HANOVER INS GROUP COM USD0.01 | 31 254.00 | 3 511 386.90 | 0.51 |
| USD	HUNT J B TRANS SVCS INC COM | 79 304.00 | 10 728 245.12 | 1.54 |
| USD	INTERCONTINENTAL E COM USD0.01 | 209 666.00 | 22 121 859.66 | 3.19 |
| USD	JOHNSON & JOHNSON COM USD1 | 140 859.00 | 20 379 480.12 | 2.93 |
| USD	LANDSTAR SYSTEMS COM USD0.01 | 47 371.00 | 6 225 496.82 | 0.90 |
| USD	MAXIMUS INC COM | 43 942.00 | 3 155 475.02 | 0.45 |
| USD	MONSTER BEV CORP USD0.005(NEW) | 259 834.00 | 22 028 726.52 | 3.17 |
| USD	NU SKIN ENTERPRISES INC CL A | 142 135.00 | 7 321 373.85 | 1.05 |
| USD	PEPSICO INC CAP USD0.016666 | 36 460.00 | 5 258 625.80 | 0.76 |
| USD	PUBLIC STORAGE COM USD0.10 | 14 600.00 | 3 277 116.00 | 0.47 |
| USD	RELIANCE STEEL & ALUMINUM CO COM | 40 315.00 | 4 749 107.00 | 0.68 |
| USD	TELEPH & DATA SYST COM USD0.01 | 369 322.00 | 7 009 731.56 | 1.01 |
| USD	TETRA TECH INC COM USD0.01 | 57 157.00 | 6 815 972.25 | 0.98 |
| USD	TRIPADVISOR INC COM USD0.001 | 138 880.00 | 3 624 768.00 | 0.52 |
| Total United States |  | 227 735 627.46 | 32.78 |
| Total Bearer shares |  | 234 726 689.57 | 33.79 |
| Registered shares |  |  |  |
| Bermuda |  |  |  |
| USD	EVEREST RE GROUP COM USD0.01	14 266.00 | 3 243 089.78 | 0.47 |
| Total Bermuda | 3 243 089.78 | 0.47 |
| Ireland |  |  |  |  |
| USD | ACCENTURE PLC SHS CL A ‘NEW’ | 29 653.00 | 7 386 265.77 | 1.06 |
| Total Ireland |  | 7 386 265.77 | 1.06 |
| United States |  |  |  |
| USD	ALLSTATE CORP COM | 46 330.00 | 4 741 875.50 | 0.68 |
| USD	ALPHABET INC CAP STK USD0.001 CL A | 11 676.00 | 20 484 374.40 | 2.95 |
| USD	ALTRIA GROUP INC COM USD0.333333 | 124 537.00 | 4 960 308.71 | 0.71 |
| USD	AMGEN INC COM USD0.0001 | 61 937.00 | 13 752 491.48 | 1.98 |
| USD	APPLE INC COM NPV | 98 794.00 | 11 761 425.70 | 1.69 |
| USD	ASSURANT INC COM | 29 672.00 | 3 831 248.64 | 0.55 |
| USD	AUTO DATA PROCESS COM USD0.10 | 39 952.00 | 6 946 853.76 | 1.00 |
| USD	BIOGEN INC COM STK USD0.0005 | 59 926.00 | 14 392 427.42 | 2.07 |
| USD	BRISTOL-MYRS SQUIB COM STK USD0.10 | 317 026.00 | 19 782 422.40 | 2.85 |
| USD	CBOE GLOBAL MARKET COM USD0.01 | 39 828.00 | 3 637 092.96 | 0.52 |
| USD	CHARTER COMMUN INC COM USD0.001 CLASS ‘A’ | 5 367.00 | 3 499 230.33 | 0.50 |
| USD	CISCO SYSTEMS COM USD0.001 | 88 503.00 | 3 807 399.06 | 0.55 |
| USD	CITRIX SYSTEMS INC COM USD0.001 | 176 481.00 | 21 869 525.52 | 3.15 |
| USD	COSTCO WHSL CORP NEW COM | 35 791.00 | 14 021 840.07 | 2.02 |
| USD	DOLLAR GENERAL CP COM USD0.875 | 80 825.00 | 17 666 728.50 | 2.54 |
| USD	EBAY INC COM USD0.001 | 198 712.00 | 10 021 046.16 | 1.44 |
| USD	FOX CORP COM USD0.01 CL A | 255 156.00 | 7 358 699.04 | 1.06 |
| USD	HERSHEY COMPANY COM USD1.00 | 23 373.00 | 3 456 632.97 | 0.50 |
| USD	HORMEL FOODS CORP COM USD0.0586 | 397 598.00 | 18 758 673.64 | 2.70 |
| USD	KANSAS CITY STHN I COM USD0.01 | 22 058.00 | 4 106 537.86 | 0.59 |
| USD	MERCK & CO INC COM USD0.50 | 251 614.00 | 20 227 249.46 | 2.91 |
| USD	MICROSOFT CORP COM USD0.0000125 | 100 511.00 | 21 516 389.77 | 3.10 |
| USD	NEWMONT CORPORATIO COM USD1.60 | 311 676.00 | 18 332 782.32 | 2.64 |
| USD	NRG ENERGY INC COM USD0.01 | 133 261.00 | 4 364 297.75 | 0.63 |
| USD	ORACLE CORP COM USD0.01 | 242 611.00 | 14 003 506.92 | 2.02 |
| USD	PROCTER & GAMBLE COM NPV | 145 888.00 | 20 259 466.56 | 2.92 |
| USD	REGENERON PHARMACE COM USD0.001 | 36 743.00 | 18 960 490.29 | 2.73 |
| USD	ROBERT HALF INTL COM USD0.001 | 61 198.00 | 3 927 687.64 | 0.57 |
| USD	SKYWORKS SOLUTIONS INC COM | 45 216.00 | 6 383 142.72 | 0.92 |
| USD	TARGET CORP COM STK USD0.0833 | 132 797.00 | 23 841 045.41 | 3.43 |
| USD	TEXAS INSTRUMENTS COM USD1 | 131 418.00 | 21 191 152.50 | 3.05 |
| USD	VERIZON COMMUN COM USD0.10 | 333 736.00 | 20 160 991.76 | 2.90 |
| USD	VISA INC COM STK USD0.0001 | 16 065.00 | 3 379 272.75 | 0.49 |
| USD	WALMART INC COM USD0.10 | 143 728.00 | 21 960 201.12 | 3.16 |
| USD	XILINX INC COM USD0.01 | 157 918.00 | 22 984 964.90 | 3.31 |
| Total United States |  | 450 349 475.99 | 64.83 |
| Total Registered shares |  | 460 978 831.54 | 66.36 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 695 705 521.11 | 100.15 |

UBS (Lux) Equity SICAV – US Income (USD) Semi-Annual Report as of 30 November 2020
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |

Derivative instruments not listed on an official stock exchange and not traded on another regulated market
Options on shares, classic-styled
| USD |  |
| --- | --- |
| USD | BNP/WALMART INC CALL 155.33890 11.12.20 | -132 940.00 | -150 137.54 | -0.02 |
| USD | BNP/BIOGEN INC CALL 284.23590 11.12.20 | -55 430.00 | -24 238.84 | 0.00 |
| USD | BNP/DOLLAR GENERAL CP CALL 227.55930 11.12.20 | -74 710.00 | -165 001.44 | -0.02 |
| USD | BNP/MERCK & CO INC CALL 85.11300 11.12.20 | -232 740.00 | -31 636.86 | -0.01 |
| USD | BNP/NEWMONT CORPORATIO CALL 71.82800 11.12.20 | -287 660.00 | -3 731.50 | 0.00 |
| USD | BNP/TARGET CORP CALL 173.75540 11.12.20 | -122 570.00 | -848 431.63 | -0.12 |
| USD | BNP/TRIPADVISOR INC CALL 29.83120 11.12.20 | -132 000.00 | -15 385.01 | 0.00 |
| USD | BNP/APPLE INC CALL 129.55150 11.12.20 | -91 010.00 | -18 879.56 | 0.00 |
| USD | CIBC/PROCTER & GAMBLE CALL 149.17350 11.12.20 | -137 590.00 | -12 006.20 | 0.00 |
| USD | CIBC/CISCO SYSTEMS CALL 42.59530 11.12.20 | -82 840.00 | -74 323.88 | -0.01 |
| USD | CIBC/JOHNSON & JOHNSON CALL 154.15540 11.12.20 | -129 980.00 | -19 008.85 | 0.00 |
| USD | CIBC/ACCENTURE PLC CALL 254.88750 11.12.20 | -27 220.00 | -41 309.58 | -0.01 |
| USD | CIBC/PEPSICO INC CALL 150.08770 11.12.20 | -34 470.00 | -6 062.55 | 0.00 |
| USD | CIBC/SKYWORKS SOLUTIONS CALL 155.19940 11.12.20 | -40 610.00 | -9 002.08 | 0.00 |
| USD | CIBC/VERIZON COMMUN CALL 64.05000 11.12.20 | -316 170.00 | -7 527.77 | 0.00 |
| USD | CIBC/ALLSTATE CORP CALL 98.52230 11.12.20 | -43 040.00 | -192 686.18 | -0.03 |
| USD | CIBC/CERNER CORP CALL 78.34050 11.12.20 | -263 490.00 | -56 824.31 | -0.01 |
| USD | CIBC/LANDSTAR SYSTEMS CALL 136.30050 11.12.20 | -45 000.00 | -29 580.09 | -0.01 |
| USD | GOLDMAN SACHS/HUNT J B TRANS SVCS CALL 135.50960 11.12.20 | -72 000.00 | -197 796.06 | -0.03 |
| USD | GOLDMAN SACHS/NU SKIN ENTERPRISES CALL 56.55740 11.12.20 | -93 000.00 | -10 719.83 | 0.00 |
| USD | GOLDMAN SACHS/ORACLE CORP CALL 60.67200 11.12.20 | -223 510.00 | -79 509.75 | -0.01 |
| USD | GOLDMAN SACHS/ROBERT HALF INTL CALL 67.08190 11.12.20 | -56 600.00 | -28 461.86 | -0.01 |
| USD | GOLDMAN SACHS/XILINX INC CALL 144.07330 11.12.20 | -145 670.00 | -929 233.39 | -0.14 |
| USD | GOLDMAN SACHS/ALTRIA GROUP INC CALL 41.74800 11.12.20 | -118 000.00 | -8 175.38 | 0.00 |
| USD | GOLDMAN SACHS/MONSTER BEV CORP CALL 88.72500 11.12.20 | -240 340.00 | -85 865.73 | -0.01 |
| USD | GOLDMAN SACHS/BRISTOL-MYRS SQUIB CALL 66.59100 11.12.20 | -294 980.00 | -22 120.24 | 0.00 |
| USD | GOLDMAN SACHS/HORMEL FOODS CORP CALL 54.55800 11.12.20 | -364 000.00 | 0.00 | 0.00 |
| USD | GOLDMAN SACHS/HERSHEY COMPANY CALL 160.57470 11.12.20 | -21 620.00 | -1.62 | 0.00 |
| USD | GOLDMAN SACHS/CHARTER COMMUN INC CALL 668.76600 11.12.20 | -4 960.00 | -22 566.89 | 0.00 |
| USD | GOLDMAN SACHS/NRG ENERGY INC CALL 34.23050 11.12.20 | -125 750.00 | -24 887.49 | 0.00 |
| USD | GOLDMAN SACHS/CITRIX SYSTEMS INC CALL 122.36850 11.12.20 | -162 360.00 | -542 662.27 | -0.08 |
| USD | SOCIETE GENERALE/AMGEN INC CALL 251.28040 11.12.20 | -57 230.00 | -6 235.20 | 0.00 |
| USD | SOCIETE GENERALE/EXPEDTRS INTL WASH CALL 92.50880 11.12.20 | -213 990.00 | -78 538.81 | -0.01 |
| USD | SOCIETE GENERALE/INTERCONTINENTAL E CALL 104.97900 11.12.20 | -193 320.00 | -369 342.46 | -0.05 |
| USD | SOCIETE GENERALE/KANSAS CITY STHN I CALL 198.17310 11.12.20 | -20 750.00 | -6 848.69 | 0.00 |
| USD | SOCIETE GENERALE/REGENERON PHARMACE CALL 614.85160 11.12.20 | -33 450.00 | -6 767.08 | 0.00 |
| USD | SOCIETE GENERALE/TEXAS INSTRUMENTS CALL 164.26350 11.12.20 | -121 540.00 | -178 602.25 | -0.03 |
| USD | SOCIETE GENERALE/EBAY INC CALL 52.57640 11.12.20 | -177 500.00 | -75 819.41 | -0.01 |
| USD | UBS/VISA INC CALL 223.97310 11.12.20 | -14 880.00 | -5 620.92 | 0.00 |
| USD | UBS/AUTO DATA PROCESS CALL 179.60420 11.12.20 | -37 160.00 | -16 607.87 | 0.00 |
| USD | UBS/COSTCO WHSL CORP CALL 391.56600 11.12.20 | -33 220.00 | -251 014.63 | -0.04 |
| USD | UBS/ALPHABET INC CALL 1839.83320 11.12.20 | -10 770.00 | -50 661.07 | -0.01 |
| USD | UBS/MICROSOFT CORP CALL 229.54300 11.12.20 | -90 100.00 | -34 894.84 | -0.01 |
| USD | UBS/PUBLIC STORAGE CALL 247.61100 11.12.20 | -13 800.00 | -141.18 | 0.00 |
| USD | UBS/EVEREST RE GROUP CALL 247.48660 11.12.20 | -13 500.00 | -1 574.95 | 0.00 |
| USD | UBS/RELIANCE STEEL & AL CALL 123.66710 11.12.20 | -37 800.00 | -19 165.75 | 0.00 |
| USD | GOLDMAN SACHS/HANOVER INS GROUP CALL 115.92000 11.12.20 | -28 900.00 | -30 621.42 | -0.01 |
| USD | GOLDMAN SACHS/MAXIMUS INC CALL 77.85610 11.12.20 | -40 640.00 | -15 154.49 | 0.00 |
| USD | MORGAN STANLEY/TETRA TECH INC CALL 127.79000 11.12.20 | -52 870.00 | -20 274.83 | 0.00 |
| USD | MORGAN STANLEY/TELEPH & DATA SYST CALL 19.89890 11.12.20 | -210 000.00 | -34 192.50 | -0.01 |
| USD | MORGAN STANLEY/GENTEX CORP CALL 33.32870 11.12.20 | -202 390.00 | -62 414.20 | -0.01 |
| USD | MORGAN STANLEY/AMDOCS CALL 65.21550 11.12.20 | -98 260.00 | -146 955.92 | -0.02 |
| USD | MORGAN STANLEY/CHEMED CORP CALL 510.38800 11.12.20 | -6 630.00 | -3 765.75 | 0.00 |
| USD | MORGAN STANLEY/CBOE GLOBAL MARKET CALL 91.02330 11.12.20 | -36 840.00 | -70 880.49 | -0.01 |
| USD | MORGAN STANLEY/ASSURANT INC CALL 137.33480 11.12.20 | -27 440.00 | -7 007.27 | 0.00 |
| USD | SOCIETE GENERALE/FORTINET INC CALL 125.24400 11.12.20 | -165 720.00 | -367 027.07 | -0.05 |
| USD | SOCIETE GENERALE/FOX CORP CALL 28.20400 11.12.20 | -236 010.00 | -263 404.50 | -0.04 |
| USD | UBS/EQUITY COMMONWEALT CALL 27.80400 11.12.20 | -180 000.00 | -6 781.47 | 0.00 |
| USD | UBS/DOMINION ENERGY IN CALL 88.21690 11.12.20 | -98 360.00 | -6.96 | 0.00 |
| Total USD |  |  | -5 788 096.36 | -0.83 |
| Total Options on shares, classic-styled | -5 788 096.36 | -0.83 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market | -5 788 096.36 | -0.83 |
| Total investments in securities | 689 917 424.75 | 99.32 |
| Forward Foreign Exchange contracts |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |

| CHF | 267 348 800.00 | USD | 293 820 563.69 | 21.1.2021 | 2 062 181.72 | 0.29 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 43 515 000.00 | USD | 51 802 083.63 | 21.1.2021 | 331 768.62 | 0.05 |
| EUR | 168 100.00 | USD | 199 801.90 | 21.1.2021 | 1 593.03 | 0.00 |
| USD | 32 935.87 | CHF | 30 000.00 | 21.1.2021 | -266.01 | 0.00 |
| USD | 522 747.40 | CHF | 474 100.00 | 21.1.2021 | -1 952.95 | 0.00 |
| Total Forward Foreign Exchange contracts | 2 393 324.41 | 0.34 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 2 653 453.85 | 0.38 |
| Bank overdraft and other short-term liabilities | -151 743.55 | -0.02 |
| Other assets and liabilities | -160 320.83 | -0.02 |
| Total net assets | 694 652 138.63 | 100.00 |

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

Translation (ENDE, 2020-11-30):
# UBS (Lux) Equity SICAV – US Income (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| Nettovermögen in USD |  | 694 652 138.63 | 660 033 338.14 | 599 358 416.94 |
| Klasse F-dist 1 | LU2110954661 |  |  |  |
| Aktien im Umlauf |  | 631 558.3570 | 108 907.0000 | - |
| Nettoinventarwert pro Aktie in USD |  | 97.06 | 87.85 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 97.06 | 87.85 | - |
| Klasse (EUR hedged) I-A1-dist 3 | LU1427883142 |  |  |  |
| Aktien im Umlauf |  | - | - | 42 900.0000 |
| Nettoinventarwert pro Aktie in EUR |  | - | - | 103.82 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | - | - | 103.82 |
| Klasse I-A2-8%-mdist 4 | LU1629764272 |  |  |  |
| Aktien im Umlauf |  | - | - | 176 259.9380 |
| Nettoinventarwert pro Aktie in USD |  | - | - | 99.19 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | - | - | 99.19 |
| Klasse I-A3-8%-mdist 5 | LU2021186239 |  |  |  |
| Aktien im Umlauf |  | 400 000.0000 | 400 000.0000 | - |
| Nettoinventarwert pro Aktie in USD |  | 99.16 | 91.32 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 99.16 | 91.32 | - |
| Klasse K-1-8%-mdist | LU1230950575 |  |  |  |
| Aktien im Umlauf |  | 0.1000 | 0.1000 | 0.1000 |
| Nettoinventarwert pro Aktie in USD |  | 4 961 783.90 | 4 583 073.80 | 4 973 145.30 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 4 961 783.90 | 4 583 073.80 | 4 973 145.30 |
| Klasse P-acc | LU1149724525 |  |  |  |
| Aktien im Umlauf |  | 205 067.1520 | 300 194.8500 | 341 326.2090 |
| Nettoinventarwert pro Aktie in USD |  | 150.76 | 134.20 | 135.19 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 150.76 | 134.20 | 135.19 |
| Klasse (CHF hedged) P-acc | LU1149725092 |  |  |  |
| Aktien im Umlauf |  | 79 645.1520 | 88 757.1110 | 93 019.0020 |
| Nettoinventarwert pro Aktie in CHF |  | 131.55 | 118.02 | 123.04 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 2 |  | 131.55 | 118.02 | 123.04 |
| Klasse (EUR) P-acc 6 | LU2211317628 |  |  |  |
| Aktien im Umlauf |  | 2 173.5620 | - | - |
| Nettoinventarwert pro Aktie in EUR |  | 103.67 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 103.67 | - | - |
| Klasse (EUR hedged) P-acc | LU1149724871 |  |  |  |
| Aktien im Umlauf |  | 165 486.2270 | 184 153.8780 | 147 582.7390 |
| Nettoinventarwert pro Aktie in EUR |  | 135.00 | 121.05 | 125.67 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 135.00 | 121.05 | 125.67 |
| Klasse P-dist | LU1149724798 |  |  |  |
| Aktien im Umlauf |  | 148 354.0670 | 201 239.7310 | 237 632.0680 |
| Nettoinventarwert pro Aktie in USD |  | 102.14 | 98.29 | 106.94 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 102.14 | 98.29 | 106.94 |
| Klasse (CHF hedged) P-dist | LU1149725175 |  |  |  |
| Aktien im Umlauf |  | 270 009.0930 | 311 556.4810 | 196 402.4900 |
| Nettoinventarwert pro Aktie in CHF |  | 88.65 | 86.00 | 97.14 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 2 |  | 88.65 | 86.00 | 97.14 |
| Klasse (EUR) P-dist 6 | LU2211318196 |  |  |  |
| Aktien im Umlauf |  | 1 728.4920 | - | - |
| Nettoinventarwert pro Aktie in EUR |  | 103.67 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 103.67 | - | - |
| Klasse (EUR hedged) P-dist | LU1149724954 |  |  |  |
| Aktien im Umlauf |  | 65 522.2680 | 53 232.0750 | 32 978.9490 |
| Nettoinventarwert pro Aktie in EUR |  | 91.09 | 88.31 | 99.28 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 91.09 | 88.31 | 99.28 |
| Klasse P-mdist | LU1217041372 |  |  |  |
| Aktien im Umlauf |  | 157 761.0150 | 225 119.5670 | 321 063.5070 |
| Nettoinventarwert pro Aktie in USD |  | 99.37 | 91.56 | 99.87 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 99.37 | 91.56 | 99.87 |
| Klasse Q-acc | LU1240788734 |  |  |  |
| Aktien im Umlauf |  | 210 991.2740 | 272 429.0040 | 710 767.1320 |
| Nettoinventarwert pro Aktie in USD |  | 154.10 | 136.74 | 136.90 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 154.10 | 136.74 | 136.90 |

UBS (Lux) Equity SICAV – US Income (USD) Halbjahresbericht per 30. November 2020
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Klasse (CHF hedged) Q-acc | LU1240788221 |  |  |  |
| Aktien im Umlauf |  | 77 789.0070 | 96 206.4570 | 736 487.0100 |
| Nettoinventarwert pro Aktie in CHF |  | 135.21 | 120.92 | 125.14 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 2 |  | 135.21 | 120.92 | 125.14 |
| Klasse (EUR hedged) Q-acc | LU1240788577 |  |  |  |
| Aktien im Umlauf |  | 85 209.6680 | 100 565.0690 | 137 410.9690 |
| Nettoinventarwert pro Aktie in EUR |  | 133.97 | 119.74 | 123.49 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 133.97 | 119.74 | 123.49 |
| Klasse Q-dist | LU1240788817 |  |  |  |
| Aktien im Umlauf |  | 196 117.7130 | 259 120.5700 | 629 350.0690 |
| Nettoinventarwert pro Aktie in USD |  | 107.65 | 103.26 | 111.92 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 107.65 | 103.26 | 111.92 |
| Klasse (CHF hedged) Q-dist | LU1240788494 |  |  |  |
| Aktien im Umlauf |  | 141 833.4790 | 208 270.7900 | 1 259 585.9040 |
| Nettoinventarwert pro Aktie in CHF |  | 94.22 | 91.10 | 102.13 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 2 |  | 94.22 | 91.10 | 102.13 |
| Klasse QL-acc 7 | LU2049087617 |  |  |  |
| Aktien im Umlauf |  | 466 794.8660 | 495 238.1620 | - |
| Nettoinventarwert pro Aktie in USD |  | 106.93 | 94.79 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 106.93 | 94.79 | - |
| Klasse (CHF hedged) QL-acc 7 | LU2049085249 |  |  |  |
| Aktien im Umlauf |  | 670 100.0640 | 828 241.0560 | - |
| Nettoinventarwert pro Aktie in CHF |  | 103.76 | 92.70 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 2 |  | 103.76 | 92.70 | - |
| Klasse (EUR hedged) QL-acc 7 | LU2049087021 |  |  |  |
| Aktien im Umlauf |  | 45 536.8130 | 50 541.5410 | - |
| Nettoinventarwert pro Aktie in EUR |  | 104.33 | 93.15 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 104.33 | 93.15 | - |
| Klasse QL-dist 7 | LU2049087708 |  |  |  |
| Aktien im Umlauf |  | 619 385.4380 | 595 379.2030 | - |
| Nettoinventarwert pro Aktie in USD |  | 101.80 | 94.77 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 101.80 | 94.77 | - |
| Klasse (CHF hedged) QL-dist 7 | LU2049086726 |  |  |  |
| Aktien im Umlauf |  | 1 451 254.0150 | 1 603 577.1630 | - |
| Nettoinventarwert pro Aktie in CHF |  | 98.76 | 92.68 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 2 |  | 98.76 | 92.68 | - |
| Klasse U-X-UKdist-mdist | LU1480122297 |  |  |  |
| Aktien im Umlauf | 1 051.9000 | 1 114.9000 | 1 086.9000 |
| Nettoinventarwert pro Aktie in USD | 11 076.34 | 10 310.06 | 11 014.78 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 | 11 076.34 | 10 310.06 | 11 014.78 |
| 1  Erste NAV 13.2.2020 2  Siehe Erläuterung 1 3  Die Aktienklasse (EUR hedged) I-A1-dist war bis zum 30.4.2020 im Umlauf 4  Für die Periode vom 6.7.2017 bis zum 6.1.2020 war die Aktienklasse I-A2-8%-mdist im Umlauf 5  Erste NAV 26.8.2019 6  Erste NAV 12.8.2020 7  Erste NAV 9.10.2019 |  |  |  |


## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
Vereinigte Staaten	97.57
Irland	1.06
Guernsey	1.01
Bermuda	0.47
Schweiz	-0.06
Kanada	-0.06
Grossbritannien	-0.29
Frankreich	-0.38
Total	99.32
Wirtschaftliche Aufteilung in % des Nettovermögens	
Internet, Software & IT-Dienste	16.92
Detailhandel, Warenhäuser	12.60
Pharmazeutik, Kosmetik & medizinische Produkte	9.75
Elektronik & Halbleiter	7.28
Finanz- & Beteiligungsgesellschaften	6.83
Biotechnologie	6.78
Verkehr & Transport	6.01
Telekommunikation	4.41
Nahrungsmittel & Softdrinks	3.95
Gesundheits- & Sozialwesen	3.07
Energie- & Wasserversorgung	3.03
Diverse Konsumgüter	2.92
Computer & Netzwerkausrüster	2.81
Edelmetalle und -steine	2.64
Versicherungen	2.21
Diverse Dienstleistungen	1.52
Immobilien	1.44
Grafisches Gewerbe, Verlage & Medien	1.06
Fahrzeuge	1.03
Chemie	0.99
Umwelt & Recycling	0.98
Tabak & alkoholische Getränke	0.71
Maschinen & Apparate	0.68
Banken & Kreditinstitute	-0.30
Total	99.32
UBS (Lux) Equity SICAV – US Income (USD) Halbjahresbericht per 30. November 2020

## Nettovermögensaufstellung
Aktiva	30.11.2020
USD
Wertpapierbestand, Einstandswert	628 255 743.75
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	61 661 681.00	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 689 917 424.75 |
| Bankguthaben, Sicht- und Fristgelder | 2 653 453.85 |
| Forderungen aus Zeichnungen | 1 700 819.49 |
| Forderungen aus Dividenden | 624 688.02 |
| Sonstige Forderungen | 78 567.16 |
| Nicht realisierter Kursgewinn aus Devisenterminkontrakten (Erläuterung 1) | 2 393 324.41 |
| Total Aktiva | 697 368 277.68 |
|  |  |
| Passiva |  |
| Kontokorrentkredit | -151 743.55 |
| Verbindlichkeiten aus Rücknahmen | -2 174 125.23 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -271 115.13 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -50 106.46 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-69 048.68	 |
| Total Rückstellungen für Aufwendungen | -390 270.27 |
| Total Passiva | -2 716 139.05 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 694 652 138.63 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 1.6.2020-30.11.2020 |
| Zinsertrag aus liquiden Mitteln | 146.95 |
| Dividenden | 4 404 974.94 |
| Erträge aus Securities Lending (Erläuterung 14) | 125 134.62 |
| Sonstige Erträge (Erläuterung 4) | 13 519.01 |
| Total Erträge | 4 543 775.52 |
|  |  |
| Aufwendungen |  |
| Pauschale Verwaltungskommission (Erläuterung 2) | -3 353 132.91 |
| Abonnementsabgabe (Erläuterung 3) | -154 336.73 |
| Kosten aus Securities Lending (Erläuterung 14) | -50 053.85 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -39 122.91 |
| Zinsaufwand aus liquiden Mitteln und Kontokorrentkredit | -410.39 |
| Total Aufwendungen | -3 597 056.79 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | 946 718.73 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 22 817 681.50 |
| Realisierter Kursgewinn (-verlust) aus Optionen | 3 394 321.01 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | 571 754.68 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | 25 997 446.33 |
| Realisierter Währungsgewinn (-verlust) | -3 337 489.18 |
| Total der realisierten Gewinne (Verluste) | 49 443 714.34 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | 50 390 433.07 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 47 104 807.19 |
| Nicht realisierte Werterhöhung (-minderung) von Optionen | 6 501 772.69 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | -2 399 494.42 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 51 207 085.46 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 101 597 518.53 |

UBS (Lux) Equity SICAV – US Income (USD) Halbjahresbericht per 30. November 2020
| Veränderung des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.6.2020-30.11.2020 |
| Nettovermögen zu Beginn der Berichtsperiode | 660 033 338.14 |
| Zeichnungen | 101 723 290.40 |
| Rücknahmen | 	-146 533 896.52	 |
| Total Mittelzufluss (-abfluss) | -44 810 606.12 |
| Ausbezahlte Dividende | -22 168 111.92 |
| Nettoerträge (-verluste) aus Anlagen | 946 718.73 |
| Total der realisierten Gewinne (Verluste) | 49 443 714.34 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	51 207 085.46	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 101 597 518.53 |
| Nettovermögen am Ende der Berichtsperiode | 694 652 138.63 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2020-30.11.2020 |
| Klasse | F-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 108 907.0000 |
| Anzahl der ausgegebenen Aktien | 535 386.4430 |
| Anzahl der zurückgegebenen Aktien | -12 735.0860 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 631 558.3570 |
| Klasse | I-A3-8%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 400 000.0000 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 400 000.0000 |
| Klasse | K-1-8%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 0.1000 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 0.1000 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 300 194.8500 |
| Anzahl der ausgegebenen Aktien | 8 162.4280 |
| Anzahl der zurückgegebenen Aktien | -103 290.1260 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 205 067.1520 |
| Klasse | (CHF hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 88 757.1110 |
| Anzahl der ausgegebenen Aktien | 2 569.1770 |
| Anzahl der zurückgegebenen Aktien | -11 681.1360 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 79 645.1520 |
| Klasse | (EUR) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 0.0000 |
| Anzahl der ausgegebenen Aktien | 2 173.5620 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 2 173.5620 |
| Klasse | (EUR hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 184 153.8780 |
| Anzahl der ausgegebenen Aktien | 8 860.8000 |
| Anzahl der zurückgegebenen Aktien | -27 528.4510 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 165 486.2270 |
| Klasse | P-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 201 239.7310 |
| Anzahl der ausgegebenen Aktien | 11 896.5720 |
| Anzahl der zurückgegebenen Aktien | -64 782.2360 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 148 354.0670 |
| Klasse | (CHF hedged) P-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 311 556.4810 |
| Anzahl der ausgegebenen Aktien | 23 513.5120 |
| Anzahl der zurückgegebenen Aktien | -65 060.9000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 270 009.0930 |
| Klasse | (EUR) P-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 0.0000 |
| Anzahl der ausgegebenen Aktien | 1 981.2670 |
| Anzahl der zurückgegebenen Aktien | -252.7750 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 1 728.4920 |
| Klasse | (EUR hedged) P-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 53 232.0750 |
| Anzahl der ausgegebenen Aktien | 24 357.7920 |
| Anzahl der zurückgegebenen Aktien | -12 067.5990 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 65 522.2680 |
| Klasse | P-mdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 225 119.5670 |
| Anzahl der ausgegebenen Aktien | 37 767.6100 |
| Anzahl der zurückgegebenen Aktien | -105 126.1620 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 157 761.0150 |

UBS (Lux) Equity SICAV – US Income (USD) Halbjahresbericht per 30. November 2020
| Klasse | Q-acc |
| --- | --- |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 272 429.0040 |
| Anzahl der ausgegebenen Aktien | 951.8690 |
| Anzahl der zurückgegebenen Aktien | -62 389.5990 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 210 991.2740 |
| Klasse | (CHF hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 96 206.4570 |
| Anzahl der ausgegebenen Aktien | 81.6790 |
| Anzahl der zurückgegebenen Aktien | -18 499.1290 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 77 789.0070 |
| Klasse | (EUR hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 100 565.0690 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -15 355.4010 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 85 209.6680 |
| Klasse | Q-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 259 120.5700 |
| Anzahl der ausgegebenen Aktien | 10 361.9710 |
| Anzahl der zurückgegebenen Aktien | -73 364.8280 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 196 117.7130 |
| Klasse | (CHF hedged) Q-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 208 270.7900 |
| Anzahl der ausgegebenen Aktien | 4 961.0000 |
| Anzahl der zurückgegebenen Aktien | -71 398.3110 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 141 833.4790 |
| Klasse | QL-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 495 238.1620 |
| Anzahl der ausgegebenen Aktien | 75 868.0360 |
| Anzahl der zurückgegebenen Aktien | -104 311.3320 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 466 794.8660 |
| Klasse | (CHF hedged) QL-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 828 241.0560 |
| Anzahl der ausgegebenen Aktien | 19 217.6280 |
| Anzahl der zurückgegebenen Aktien | -177 358.6200 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 670 100.0640 |
| Klasse | (EUR hedged) QL-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 50 541.5410 |
| Anzahl der ausgegebenen Aktien | 11 169.2260 |
| Anzahl der zurückgegebenen Aktien | -16 173.9540 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 45 536.8130 |
| Klasse | QL-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 595 379.2030 |
| Anzahl der ausgegebenen Aktien | 138 766.1470 |
| Anzahl der zurückgegebenen Aktien | -114 759.9120 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 619 385.4380 |
| Klasse | (CHF hedged) QL-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 1 603 577.1630 |
| Anzahl der ausgegebenen Aktien | 117 584.7690 |
| Anzahl der zurückgegebenen Aktien | -269 907.9170 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 1 451 254.0150 |
| Klasse | U-X-UKdist-mdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 1 114.9000 |
| Anzahl der ausgegebenen Aktien | 91.0000 |
| Anzahl der zurückgegebenen Aktien | -154.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 1 051.9000 |

| Jährliche Ausschüttung 1 |  |
| --- | --- |
| UBS (Lux) Equity SICAV – US Income (USD) | Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| F-dist | 3.8.2020 | 6.8.2020 | USD | 0.10 |
| F-dist | 5.8.2020 | 10.8.2020 | USD | 1.94 |
| P-dist | 3.8.2020 | 6.8.2020 | USD | 0.27 |
| P-dist | 5.8.2020 | 10.8.2020 | USD | 7.59 |
| (CHF hedged) P-dist | 3.8.2020 | 6.8.2020 | CHF | 0.19 |
| (CHF hedged) P-dist | 5.8.2020 | 10.8.2020 | CHF | 6.69 |
| (EUR hedged) P-dist | 3.8.2020 | 6.8.2020 | EUR | 0.18 |
| (EUR hedged) P-dist | 5.8.2020 | 10.8.2020 | EUR | 6.88 |
| Q-dist | 3.8.2020 | 6.8.2020 | USD | 0.67 |
| Q-dist | 5.8.2020 | 10.8.2020 | USD | 7.59 |
| (CHF hedged) Q-dist | 3.8.2020 | 6.8.2020 | CHF | 0.54 |
| (CHF hedged) Q-dist | 5.8.2020 | 10.8.2020 | CHF | 6.74 |
| QL-dist | 3.8.2020 | 6.8.2020 | USD | 0.45 |
| QL-dist | 5.8.2020 | 10.8.2020 | USD | 4.38 |
| (CHF hedged) QL-dist | 3.8.2020 | 6.8.2020 | CHF | 0.41 |
| (CHF hedged) QL-dist | 5.8.2020 | 10.8.2020 | CHF | 4.32 |
| 1  Siehe Erläuterung 5 |  |  |  |  |

UBS (Lux) Equity SICAV – US Income (USD) Halbjahresbericht per 30. November 2020
| Monatliche Ausschüttung 1 |  |
| --- | --- |
| UBS (Lux) Equity SICAV – US Income (USD) | Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| I-A3-8%-mdist | 10.6.2020 | 15.6.2020 | USD | 0.60 |
| I-A3-8%-mdist | 10.7.2020 | 15.7.2020 | USD | 0.61 |
| I-A3-8%-mdist | 10.8.2020 | 13.8.2020 | USD | 0.63 |
| I-A3-8%-mdist | 10.9.2020 | 15.9.2020 | USD | 0.66 |
| I-A3-8%-mdist | 12.10.2020 | 15.10.2020 | USD | 0.64 |
| I-A3-8%-mdist | 10.11.2020 | 13.11.2020 | USD | 0.62 |
| K-1-8%-mdist | 10.6.2020 | 15.6.2020 | USD | 30 553.82 |
| K-1-8%-mdist | 10.7.2020 | 15.7.2020 | USD | 30 644.46 |
| K-1-8%-mdist | 10.8.2020 | 13.8.2020 | USD | 31 954.73 |
| K-1-8%-mdist | 10.9.2020 | 15.9.2020 | USD | 33 083.49 |
| K-1-8%-mdist | 12.10.2020 | 15.10.2020 | USD | 32 176.02 |
| K-1-8%-mdist | 10.11.2020 | 13.11.2020 | USD | 31 179.11 |
| P-mdist | 15.6.2020 | 18.6.2020 | USD | 0.55 |
| P-mdist | 15.7.2020 | 20.7.2020 | USD | 0.55 |
| P-mdist | 17.8.2020 | 20.8.2020 | USD | 0.55 |
| P-mdist | 15.9.2020 | 18.9.2020 | USD | 0.58 |
| P-mdist | 15.10.2020 | 20.10.2020 | USD | 0.56 |
| P-mdist | 16.11.2020 | 19.11.2020 | USD | 0.54 |
| U-X-UKdist-mdist | 15.6.2020 | 18.6.2020 | USD | 115.56 |
| U-X-UKdist-mdist | 15.7.2020 | 20.7.2020 | USD | 91.21 |
| U-X-UKdist-mdist | 17.8.2020 | 20.8.2020 | USD | 87.55 |
| U-X-UKdist-mdist | 15.9.2020 | 18.9.2020 | USD | 91.62 |
| U-X-UKdist-mdist | 15.10.2020 | 20.10.2020 | USD | 93.44 |
| U-X-UKdist-mdist | 16.11.2020 | 19.11.2020 | USD | 90.55 |
| 1  Siehe Erläuterung 5 |  |  |  |  |

UBS (Lux) Equity SICAV – US Income (USD) Halbjahresbericht per 30. November 2020

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. November 2020
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Inhaberaktien |  |  |  |
| Guernsey |  |  |  |
| USD	AMDOCS ORD GBP0.01 | 106 231.00 | 6 991 062.11 | 1.01 |
| Total Guernsey |  | 6 991 062.11 | 1.01 |
| Vereinigte Staaten |  |  |  |
| USD	CERNER CORP COM | 284 855.00 | 21 318 548.20 | 3.07 |
| USD	CHEMED CORP NEW COM | 14 353.00 | 6 864 322.25 | 0.99 |
| USD	DOMINION ENERGY IN COM STK NPV | 212 687.00 | 16 693 802.63 | 2.40 |
| USD	EQUITY COMMONWEALT USD0.01( BNF INT) | 255 156.00 | 6 764 185.56 | 0.97 |
| USD	EXPEDTRS INTL WASH COM USD0.01 | 231 347.00 | 20 675 481.39 | 2.98 |
| USD	FORTINET INC COM USD0.001 | 179 167.00 | 22 078 749.41 | 3.18 |
| USD	GENTEX CORP COM | 218 809.00 | 7 133 173.40 | 1.03 |
| USD	HANOVER INS GROUP COM USD0.01 | 31 254.00 | 3 511 386.90 | 0.51 |
| USD	HUNT J B TRANS SVCS INC COM | 79 304.00 | 10 728 245.12 | 1.54 |
| USD	INTERCONTINENTAL E COM USD0.01 | 209 666.00 | 22 121 859.66 | 3.19 |
| USD	JOHNSON & JOHNSON COM USD1 | 140 859.00 | 20 379 480.12 | 2.93 |
| USD	LANDSTAR SYSTEMS COM USD0.01 | 47 371.00 | 6 225 496.82 | 0.90 |
| USD	MAXIMUS INC COM | 43 942.00 | 3 155 475.02 | 0.45 |
| USD	MONSTER BEV CORP USD0.005(NEW) | 259 834.00 | 22 028 726.52 | 3.17 |
| USD	NU SKIN ENTERPRISES INC CL A | 142 135.00 | 7 321 373.85 | 1.05 |
| USD	PEPSICO INC CAP USD0.016666 | 36 460.00 | 5 258 625.80 | 0.76 |
| USD	PUBLIC STORAGE COM USD0.10 | 14 600.00 | 3 277 116.00 | 0.47 |
| USD	RELIANCE STEEL & ALUMINUM CO COM | 40 315.00 | 4 749 107.00 | 0.68 |
| USD	TELEPH & DATA SYST COM USD0.01 | 369 322.00 | 7 009 731.56 | 1.01 |
| USD	TETRA TECH INC COM USD0.01 | 57 157.00 | 6 815 972.25 | 0.98 |
| USD	TRIPADVISOR INC COM USD0.001 | 138 880.00 | 3 624 768.00 | 0.52 |
| Total Vereinigte Staaten |  | 227 735 627.46 | 32.78 |
| Total Inhaberaktien |  | 234 726 689.57 | 33.79 |
| Namensaktien |  |  |  |
| Bermuda |  |  |  |
| USD	EVEREST RE GROUP COM USD0.01	14 266.00 | 3 243 089.78 | 0.47 |
| Total Bermuda | 3 243 089.78 | 0.47 |
| Irland |  |  |  |  |
| USD | ACCENTURE PLC SHS CL A ‘NEW’ | 29 653.00 | 7 386 265.77 | 1.06 |
| Total Irland |  | 7 386 265.77 | 1.06 |
| Vereinigte Staaten |  |  |  |
| USD	ALLSTATE CORP COM | 46 330.00 | 4 741 875.50 | 0.68 |
| USD	ALPHABET INC CAP STK USD0.001 CL A | 11 676.00 | 20 484 374.40 | 2.95 |
| USD	ALTRIA GROUP INC COM USD0.333333 | 124 537.00 | 4 960 308.71 | 0.71 |
| USD	AMGEN INC COM USD0.0001 | 61 937.00 | 13 752 491.48 | 1.98 |
| USD	APPLE INC COM NPV | 98 794.00 | 11 761 425.70 | 1.69 |
| USD	ASSURANT INC COM | 29 672.00 | 3 831 248.64 | 0.55 |
| USD	AUTO DATA PROCESS COM USD0.10 | 39 952.00 | 6 946 853.76 | 1.00 |
| USD	BIOGEN INC COM STK USD0.0005 | 59 926.00 | 14 392 427.42 | 2.07 |
| USD	BRISTOL-MYRS SQUIB COM STK USD0.10 | 317 026.00 | 19 782 422.40 | 2.85 |
| USD	CBOE GLOBAL MARKET COM USD0.01 | 39 828.00 | 3 637 092.96 | 0.52 |
| USD	CHARTER COMMUN INC COM USD0.001 CLASS ‘A’ | 5 367.00 | 3 499 230.33 | 0.50 |
| USD	CISCO SYSTEMS COM USD0.001 | 88 503.00 | 3 807 399.06 | 0.55 |
| USD	CITRIX SYSTEMS INC COM USD0.001 | 176 481.00 | 21 869 525.52 | 3.15 |
| USD	COSTCO WHSL CORP NEW COM | 35 791.00 | 14 021 840.07 | 2.02 |
| USD	DOLLAR GENERAL CP COM USD0.875 | 80 825.00 | 17 666 728.50 | 2.54 |
| USD	EBAY INC COM USD0.001 | 198 712.00 | 10 021 046.16 | 1.44 |
| USD	FOX CORP COM USD0.01 CL A | 255 156.00 | 7 358 699.04 | 1.06 |
| USD	HERSHEY COMPANY COM USD1.00 | 23 373.00 | 3 456 632.97 | 0.50 |
| USD	HORMEL FOODS CORP COM USD0.0586 | 397 598.00 | 18 758 673.64 | 2.70 |
| USD	KANSAS CITY STHN I COM USD0.01 | 22 058.00 | 4 106 537.86 | 0.59 |
| USD	MERCK & CO INC COM USD0.50 | 251 614.00 | 20 227 249.46 | 2.91 |
| USD	MICROSOFT CORP COM USD0.0000125 | 100 511.00 | 21 516 389.77 | 3.10 |
| USD	NEWMONT CORPORATIO COM USD1.60 | 311 676.00 | 18 332 782.32 | 2.64 |
| USD	NRG ENERGY INC COM USD0.01 | 133 261.00 | 4 364 297.75 | 0.63 |
| USD	ORACLE CORP COM USD0.01 | 242 611.00 | 14 003 506.92 | 2.02 |
| USD	PROCTER & GAMBLE COM NPV | 145 888.00 | 20 259 466.56 | 2.92 |
| USD	REGENERON PHARMACE COM USD0.001 | 36 743.00 | 18 960 490.29 | 2.73 |
| USD	ROBERT HALF INTL COM USD0.001 | 61 198.00 | 3 927 687.64 | 0.57 |
| USD	SKYWORKS SOLUTIONS INC COM | 45 216.00 | 6 383 142.72 | 0.92 |
| USD	TARGET CORP COM STK USD0.0833 | 132 797.00 | 23 841 045.41 | 3.43 |
| USD	TEXAS INSTRUMENTS COM USD1 | 131 418.00 | 21 191 152.50 | 3.05 |
| USD	VERIZON COMMUN COM USD0.10 | 333 736.00 | 20 160 991.76 | 2.90 |
| USD	VISA INC COM STK USD0.0001 | 16 065.00 | 3 379 272.75 | 0.49 |
| USD	WALMART INC COM USD0.10 | 143 728.00 | 21 960 201.12 | 3.16 |
| USD	XILINX INC COM USD0.01 | 157 918.00 | 22 984 964.90 | 3.31 |
| Total Vereinigte Staaten |  | 450 349 475.99 | 64.83 |
| Total Namensaktien |  | 460 978 831.54 | 66.36 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  | 695 705 521.11 | 100.15 |

UBS (Lux) Equity SICAV – US Income (USD) Halbjahresbericht per 30. November 2020
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |

Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Optionen auf Aktien, klassisch
| USD |  |
| --- | --- |
| USD | BNP/WALMART INC CALL 155.33890 11.12.20 | -132 940.00 | -150 137.54 | -0.02 |
| USD | BNP/BIOGEN INC CALL 284.23590 11.12.20 | -55 430.00 | -24 238.84 | 0.00 |
| USD | BNP/DOLLAR GENERAL CP CALL 227.55930 11.12.20 | -74 710.00 | -165 001.44 | -0.02 |
| USD | BNP/MERCK & CO INC CALL 85.11300 11.12.20 | -232 740.00 | -31 636.86 | -0.01 |
| USD | BNP/NEWMONT CORPORATIO CALL 71.82800 11.12.20 | -287 660.00 | -3 731.50 | 0.00 |
| USD | BNP/TARGET CORP CALL 173.75540 11.12.20 | -122 570.00 | -848 431.63 | -0.12 |
| USD | BNP/TRIPADVISOR INC CALL 29.83120 11.12.20 | -132 000.00 | -15 385.01 | 0.00 |
| USD | BNP/APPLE INC CALL 129.55150 11.12.20 | -91 010.00 | -18 879.56 | 0.00 |
| USD | CIBC/PROCTER & GAMBLE CALL 149.17350 11.12.20 | -137 590.00 | -12 006.20 | 0.00 |
| USD | CIBC/CISCO SYSTEMS CALL 42.59530 11.12.20 | -82 840.00 | -74 323.88 | -0.01 |
| USD | CIBC/JOHNSON & JOHNSON CALL 154.15540 11.12.20 | -129 980.00 | -19 008.85 | 0.00 |
| USD | CIBC/ACCENTURE PLC CALL 254.88750 11.12.20 | -27 220.00 | -41 309.58 | -0.01 |
| USD | CIBC/PEPSICO INC CALL 150.08770 11.12.20 | -34 470.00 | -6 062.55 | 0.00 |
| USD | CIBC/SKYWORKS SOLUTIONS CALL 155.19940 11.12.20 | -40 610.00 | -9 002.08 | 0.00 |
| USD | CIBC/VERIZON COMMUN CALL 64.05000 11.12.20 | -316 170.00 | -7 527.77 | 0.00 |
| USD | CIBC/ALLSTATE CORP CALL 98.52230 11.12.20 | -43 040.00 | -192 686.18 | -0.03 |
| USD | CIBC/CERNER CORP CALL 78.34050 11.12.20 | -263 490.00 | -56 824.31 | -0.01 |
| USD | CIBC/LANDSTAR SYSTEMS CALL 136.30050 11.12.20 | -45 000.00 | -29 580.09 | -0.01 |
| USD | GOLDMAN SACHS/HUNT J B TRANS SVCS CALL 135.50960 11.12.20 | -72 000.00 | -197 796.06 | -0.03 |
| USD | GOLDMAN SACHS/NU SKIN ENTERPRISES CALL 56.55740 11.12.20 | -93 000.00 | -10 719.83 | 0.00 |
| USD | GOLDMAN SACHS/ORACLE CORP CALL 60.67200 11.12.20 | -223 510.00 | -79 509.75 | -0.01 |
| USD | GOLDMAN SACHS/ROBERT HALF INTL CALL 67.08190 11.12.20 | -56 600.00 | -28 461.86 | -0.01 |
| USD | GOLDMAN SACHS/XILINX INC CALL 144.07330 11.12.20 | -145 670.00 | -929 233.39 | -0.14 |
| USD | GOLDMAN SACHS/ALTRIA GROUP INC CALL 41.74800 11.12.20 | -118 000.00 | -8 175.38 | 0.00 |
| USD | GOLDMAN SACHS/MONSTER BEV CORP CALL 88.72500 11.12.20 | -240 340.00 | -85 865.73 | -0.01 |
| USD | GOLDMAN SACHS/BRISTOL-MYRS SQUIB CALL 66.59100 11.12.20 | -294 980.00 | -22 120.24 | 0.00 |
| USD | GOLDMAN SACHS/HORMEL FOODS CORP CALL 54.55800 11.12.20 | -364 000.00 | 0.00 | 0.00 |
| USD | GOLDMAN SACHS/HERSHEY COMPANY CALL 160.57470 11.12.20 | -21 620.00 | -1.62 | 0.00 |
| USD | GOLDMAN SACHS/CHARTER COMMUN INC CALL 668.76600 11.12.20 | -4 960.00 | -22 566.89 | 0.00 |
| USD | GOLDMAN SACHS/NRG ENERGY INC CALL 34.23050 11.12.20 | -125 750.00 | -24 887.49 | 0.00 |
| USD | GOLDMAN SACHS/CITRIX SYSTEMS INC CALL 122.36850 11.12.20 | -162 360.00 | -542 662.27 | -0.08 |
| USD | SOCIETE GENERALE/AMGEN INC CALL 251.28040 11.12.20 | -57 230.00 | -6 235.20 | 0.00 |
| USD | SOCIETE GENERALE/EXPEDTRS INTL WASH CALL 92.50880 11.12.20 | -213 990.00 | -78 538.81 | -0.01 |
| USD | SOCIETE GENERALE/INTERCONTINENTAL E CALL 104.97900 11.12.20 | -193 320.00 | -369 342.46 | -0.05 |
| USD | SOCIETE GENERALE/KANSAS CITY STHN I CALL 198.17310 11.12.20 | -20 750.00 | -6 848.69 | 0.00 |
| USD | SOCIETE GENERALE/REGENERON PHARMACE CALL 614.85160 11.12.20 | -33 450.00 | -6 767.08 | 0.00 |
| USD | SOCIETE GENERALE/TEXAS INSTRUMENTS CALL 164.26350 11.12.20 | -121 540.00 | -178 602.25 | -0.03 |
| USD | SOCIETE GENERALE/EBAY INC CALL 52.57640 11.12.20 | -177 500.00 | -75 819.41 | -0.01 |
| USD | UBS/VISA INC CALL 223.97310 11.12.20 | -14 880.00 | -5 620.92 | 0.00 |
| USD | UBS/AUTO DATA PROCESS CALL 179.60420 11.12.20 | -37 160.00 | -16 607.87 | 0.00 |
| USD | UBS/COSTCO WHSL CORP CALL 391.56600 11.12.20 | -33 220.00 | -251 014.63 | -0.04 |
| USD | UBS/ALPHABET INC CALL 1839.83320 11.12.20 | -10 770.00 | -50 661.07 | -0.01 |
| USD | UBS/MICROSOFT CORP CALL 229.54300 11.12.20 | -90 100.00 | -34 894.84 | -0.01 |
| USD | UBS/PUBLIC STORAGE CALL 247.61100 11.12.20 | -13 800.00 | -141.18 | 0.00 |
| USD | UBS/EVEREST RE GROUP CALL 247.48660 11.12.20 | -13 500.00 | -1 574.95 | 0.00 |
| USD | UBS/RELIANCE STEEL & AL CALL 123.66710 11.12.20 | -37 800.00 | -19 165.75 | 0.00 |
| USD | GOLDMAN SACHS/HANOVER INS GROUP CALL 115.92000 11.12.20 | -28 900.00 | -30 621.42 | -0.01 |
| USD | GOLDMAN SACHS/MAXIMUS INC CALL 77.85610 11.12.20 | -40 640.00 | -15 154.49 | 0.00 |
| USD | MORGAN STANLEY/TETRA TECH INC CALL 127.79000 11.12.20 | -52 870.00 | -20 274.83 | 0.00 |
| USD | MORGAN STANLEY/TELEPH & DATA SYST CALL 19.89890 11.12.20 | -210 000.00 | -34 192.50 | -0.01 |
| USD | MORGAN STANLEY/GENTEX CORP CALL 33.32870 11.12.20 | -202 390.00 | -62 414.20 | -0.01 |
| USD | MORGAN STANLEY/AMDOCS CALL 65.21550 11.12.20 | -98 260.00 | -146 955.92 | -0.02 |
| USD | MORGAN STANLEY/CHEMED CORP CALL 510.38800 11.12.20 | -6 630.00 | -3 765.75 | 0.00 |
| USD | MORGAN STANLEY/CBOE GLOBAL MARKET CALL 91.02330 11.12.20 | -36 840.00 | -70 880.49 | -0.01 |
| USD | MORGAN STANLEY/ASSURANT INC CALL 137.33480 11.12.20 | -27 440.00 | -7 007.27 | 0.00 |
| USD | SOCIETE GENERALE/FORTINET INC CALL 125.24400 11.12.20 | -165 720.00 | -367 027.07 | -0.05 |
| USD | SOCIETE GENERALE/FOX CORP CALL 28.20400 11.12.20 | -236 010.00 | -263 404.50 | -0.04 |
| USD | UBS/EQUITY COMMONWEALT CALL 27.80400 11.12.20 | -180 000.00 | -6 781.47 | 0.00 |
| USD | UBS/DOMINION ENERGY IN CALL 88.21690 11.12.20 | -98 360.00 | -6.96 | 0.00 |
| Total USD |  |  | -5 788 096.36 | -0.83 |
| Total Optionen auf Aktien, klassisch | -5 788 096.36 | -0.83 |
| Total Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden | -5 788 096.36 | -0.83 |
| Total des Wertpapierbestandes | 689 917 424.75 | 99.32 |
| Devisenterminkontrakte |  |  |
| Gekaufte Währung/ Gekaufter Betrag/Verkaufte Währung/Verkaufter Betrag/Fälligkeitsdatum |  |  |

| CHF | 267 348 800.00 | USD | 293 820 563.69 | 21.1.2021 | 2 062 181.72 | 0.29 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 43 515 000.00 | USD | 51 802 083.63 | 21.1.2021 | 331 768.62 | 0.05 |
| EUR | 168 100.00 | USD | 199 801.90 | 21.1.2021 | 1 593.03 | 0.00 |
| USD | 32 935.87 | CHF | 30 000.00 | 21.1.2021 | -266.01 | 0.00 |
| USD | 522 747.40 | CHF | 474 100.00 | 21.1.2021 | -1 952.95 | 0.00 |
| Total Devisenterminkontrakte | 2 393 324.41 | 0.34 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 2 653 453.85 | 0.38 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -151 743.55 | -0.02 |
| Andere Aktiva und Passiva | -160 320.83 | -0.02 |
| Total des Nettovermögens | 694 652 138.63 | 100.00 |

UBS (Lux) Equity SICAV – US Income (USD) Halbjahresbericht per 30. November 2020