# UBS (Lux) Strategy SICAV – Income (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Net assets in USD |  | 139 056 923.59 | 137 065 284.80 | 151 457 204.17 |
| Class K-1-acc | LU1097765488 |  |  |  |
| Shares outstanding |  | 8.4000 | 8.4000 | 8.4000 |
| Net asset value per share in USD |  | 5 844 537.58 | 5 635 043.21 | 5 458 556.40 |
| Issue and redemption price per share in USD 1 |  | 5 844 537.58 | 5 635 043.21 | 5 458 556.40 |
| Class P-acc | LU0994951548 |  |  |  |
| Shares outstanding |  | 613 977.9150 | 634 957.5850 | 782 024.8240 |
| Net asset value per share in USD |  | 118.76 | 114.74 | 111.62 |
| Issue and redemption price per share in USD 1 |  | 118.76 | 114.74 | 111.62 |
| Class (JPY hedged) P-acc 2 | LU1411405076 |  |  |  |
| Shares outstanding |  | - | - | 31 126.2220 |
| Net asset value per share in JPY |  | - | - | 10 167 |
| Issue and redemption price per share in JPY 1 |  | - | - | 10 167 |
| Class P-dist | LU0994670023 |  |  |  |
| Shares outstanding |  | 70 037.9900 | 71 254.3640 | 81 278.5880 |
| Net asset value per share in USD |  | 111.53 | 109.50 | 107.37 |
| Issue and redemption price per share in USD 1 |  | 111.53 | 109.50 | 107.37 |
| Class Q-acc | LU1240801693 |  |  |  |
| Shares outstanding |  | 75 938.9200 | 77 412.4950 | 57 784.4800 |
| Net asset value per share in USD |  | 117.18 | 112.90 | 109.23 |
| Issue and redemption price per share in USD 1 |  | 117.18 | 112.90 | 109.23 |
| Class Q-dist | LU1240801776 |  |  |  |
| Shares outstanding |  | 3 060.7010 | 3 060.7010 | 3 437.6320 |
| Net asset value per share in USD |  | 109.72 | 108.01 | 105.92 |
| Issue and redemption price per share in USD 1 |  | 109.72 | 108.01 | 105.92 |
| 1  See note 1 2  The share class (JPY hedged) P-acc was in circulation until 20.2.2019 |  |  |  |  |


## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
Luxembourg	61.26
United States	22.53
Canada	1.92
Ireland	1.79
The Netherlands	1.35
South Korea	1.26
Germany	1.06
Australia	1.02
Philippines	0.70
Kuwait	0.62
United Kingdom	0.47
Qatar	0.43
Singapore	0.38
Supranationals	0.35
United Arab Emirates	0.30
France	0.21
Norway	0.18
Japan	0.15
New Zealand	0.14
Economic Breakdown as a % of net assets	
Investment funds	62.21
Countries & central governments	14.30
Banks & credit institutions	3.85
Supranational organisations	3.65
Finance & holding companies	3.24
Computer hardware & network equipment providers	2.03
Cantons, federal states	1.72
Internet, software & IT services	1.31
Petroleum	1.29
Miscellaneous services	0.60
Retail trade, department stores	0.55
Public, non-profit institutions	0.44
Miscellaneous consumer goods	0.38
Pharmaceuticals, cosmetics & medical products	0.35
Biotechnology	0.20
Total	96.12
Total	96.12
UBS (Lux) Strategy SICAV – Income (USD) Semi-Annual Report as of 30 November 2019

## Statement of Net Assets
Assets	30.11.2019
USD
Investments in securities, cost	121 502 450.99
| Investments in securities, unrealized appreciation (depreciation) | 	12 155 743.29	 |
| --- | --- |
| Total investments in securities (Note 1) | 133 658 194.28 |
| Cash at banks, deposits on demand and deposit accounts | 4 470 329.02 |
| Other liquid assets (Margins) | 809 179.83 |
| Interest receivable on securities | 247 372.16 |
| Other receivables | 22 769.09 |
| Interest receivable on liquid assets | 30.46 |
| Unrealized gain (loss) on financial futures (Note 1) | -64 277.63 |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | 92 189.30 |
| Total Assets | 139 235 786.51 |
|  |  |
| Liabilities |  |
| Bank overdraft | -866.49 |
| Interest payable on bank overdraft | -6.85 |
| Payable on securities purchases (Note 1) | -4.40 |
| Payable on redemptions | -100 000.07 |
| Provisions for flat fee (Note 2) | -59 287.74 |
| Provisions for taxe d’abonnement (Note 3) | -4 486.71 |
| Provisions for other commissions and fees (Note 2) | 	-14 210.66	 |
| Total provisions | -77 985.11 |
| Total Liabilities | -178 862.92 |
|  |  |
| Net assets at the end of the period | 139 056 923.59 |
| Statement of Operations | USD |
| Income | 1.6.2019-30.11.2019 |
| Interest on liquid assets | 12 871.93 |
| Interest on securities | 588 189.57 |
| Interest received on swaps (Note 1) | 27 441.28 |
| Dividends | 149 431.20 |
| Income on securities lending (Note 12) | 12 738.98 |
| Other income (Note 4) | 11 232.66 |
| Total income | 801 905.62 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -439.82 |
| Cost on securities lending (Note 12) | -5 095.59 |
| Flat fee (Note 2) | -779 007.99 |
| Taxe d’abonnement (Note 3) | -13 904.24 |
| Other commissions and fees (Note 2) | -14 340.89 |
| Interest on cash and bank overdraft | -2 026.87 |
| Total expenses | -814 815.40 |
|  |  |
| Net income (loss) on investments | -12 909.78 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 1 859 191.87 |
| Realized gain (loss) on financial futures | -267 083.31 |
| Realized gain (loss) on forward foreign exchange contracts | -278 894.82 |
| Realized gain (loss) on swaps | 108 503.04 |
| Realized gain (loss) on foreign exchange | 46 519.53 |
| Total realized gain (loss) | 1 468 236.31 |
|  |  |
| Net realized gain (loss) of the period | 1 455 326.53 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 3 719 151.11 |
| Unrealized appreciation (depreciation) on options | -114 010.00 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | 1 662.49 |
| Unrealized appreciation (depreciation) on financial futures | -65 137.26 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -17 880.35 |
| Unrealized appreciation (depreciation) on swaps | -66 544.52 |
| Total changes in unrealized appreciation (depreciation) | 3 457 241.47 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 4 912 568.00 |

UBS (Lux) Strategy SICAV – Income (USD) Semi-Annual Report as of 30 November 2019
| Statement of Changes in Net Assets |  |
| --- | --- |
|  |  | USD |
|  |  | 1.6.2019-30.11.2019 |
| Net assets at the beginning of the period |  | 137 065 284.80 |
| Subscriptions |  | 4 206 005.49 |
| Redemptions |  | 	-6 992 726.76	 |
| Total net subscriptions (redemptions) |  | -2 786 721.27 |
| Dividend paid |  | -134 207.94 |
| Net income (loss) on investments |  | -12 909.78 |
| Total realized gain (loss) |  | 1 468 236.31 |
| Total changes in unrealized appreciation (depreciation) |  | 	3 457 241.47	 |
| Net increase (decrease) in net assets as a result of operations |  | 4 912 568.00 |
| Net assets at the end of the period |  | 139 056 923.59 |
| Changes in the Number of Shares outstanding |  |  |
|  |  | 1.6.2019-30.11.2019 |
| Class |  | K-1-acc |
| Number of shares outstanding at the beginning of the period |  | 8.4000 |
| Number of shares issued |  | 0.0000 |
| Number of shares redeemed |  | 0.0000 |
| Number of shares outstanding at the end of the period |  | 8.4000 |
| Class |  | P-acc |
| Number of shares outstanding at the beginning of the period |  | 634 957.5850 |
| Number of shares issued |  | 31 151.3380 |
| Number of shares redeemed |  | -52 131.0080 |
| Number of shares outstanding at the end of the period |  | 613 977.9150 |
| Class |  | P-dist |
| Number of shares outstanding at the beginning of the period |  | 71 254.3640 |
| Number of shares issued |  | 2 329.3090 |
| Number of shares redeemed |  | -3 545.6830 |
| Number of shares outstanding at the end of the period |  | 70 037.9900 |
| Class |  | Q-acc |
| Number of shares outstanding at the beginning of the period |  | 77 412.4950 |
| Number of shares issued |  | 2 515.2740 |
| Number of shares redeemed |  | -3 988.8490 |
| Number of shares outstanding at the end of the period |  | 75 938.9200 |
| Class |  | Q-dist |
| Number of shares outstanding at the beginning of the period |  | 3 060.7010 |
| Number of shares issued |  | 0.0000 |
| Number of shares redeemed |  | 0.0000 |
| Number of shares outstanding at the end of the period |  | 3 060.7010 |
| Annual Distribution 1 |  |  |
| UBS (Lux) Strategy SICAV – Income (USD)	Ex-Date | Pay-Date | Currency	Amount per share |
| P-dist	1.8.2019 | 6.8.2019 | USD	1.78 |
| Q-dist	1.8.2019 | 6.8.2019 | USD	2.35 |
| 1  See note 5 |  |  |

UBS (Lux) Strategy SICAV – Income (USD) Semi-Annual Report as of 30 November 2019

## Statement of Investments in Securities and other Net Assets as of 30 November 2019
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ABU DHABI,GOVERNMENT OF-REG-S 3.12500% 17-11.10.27 | 400 000.00 | 418 500.00 | 0.30 |
| USD	ALBERTA, PROVINCE OF 3.30000% 18-15.03.28 | 250 000.00 | 273 151.13 | 0.20 |
| USD	ALPHABET INC 1.99800% 16-15.08.26 | 330 000.00 | 329 022.32 | 0.24 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 115 000.00 | 119 446.19 | 0.09 |
| USD	APPLE INC 2.45000% 16-04.08.26 | 230 000.00 | 233 566.10 | 0.17 |
| USD	APPLE INC 2.90000% 17-12.09.27 | 650 000.00 | 678 125.69 | 0.49 |
| USD	APPLE INC 3.00000% 17-09.02.24 | 200 000.00 | 207 786.58 | 0.15 |
| USD	APPLE INC 3.20000% 17-11.05.27 | 750 000.00 | 795 669.75 | 0.57 |
| USD	APPLE INC 3.25000% 16-23.02.26 | 300 000.00 | 318 458.70 | 0.23 |
| USD	APPLE INC 3.45000% 14-06.05.24 | 550 000.00 | 584 037.85 | 0.42 |
| USD	BERKSHIRE HATHAWAY INC 3.12500% 16-15.03.26 | 400 000.00 | 421 428.28 | 0.30 |
| USD	CHEVRON CORP 2.95400% 16-16.05.26 | 575 000.00 | 604 654.64 | 0.43 |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 3.35000% 19-04.06.24 | 200 000.00 | 209 628.00 | 0.15 |
| USD	CORPORACION ANDINA DE FOMENTO 4.37500% 12-15.06.22 | 225 000.00 | 235 982.25 | 0.17 |
| USD	EQUINOR ASA 3.62500% 18-10.09.28 | 230 000.00 | 253 337.27 | 0.18 |
| USD	EUROPEAN INVESTMENT BANK 2.37500% 17-24.05.27 | 450 000.00 | 468 121.45 | 0.34 |
| USD	EXXON MOBIL CORP 2.72600% 16-01.03.23 | 300 000.00 | 307 588.50 | 0.22 |
| USD	HSBC BANK PLC-REG-S 4.12500% 10-12.08.20 | 250 000.00 | 253 683.08 | 0.18 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.25000% 19-18.06.29 | 600 000.00 | 620 101.62 | 0.45 |
| USD	JOHNSON & JOHNSON 2.45000% 16-01.03.26 | 475 000.00 | 483 940.12 | 0.35 |
| USD	KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 3.12500% 17-25.07.27 | 300 000.00 | 312 187.50 | 0.22 |
| USD	KOREA RESOURCES CORP-REG-S 3.00000% 17-24.04.22 | 600 000.00 | 606 937.50 | 0.44 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.00000% 15-02.05.25 | 845 000.00 | 857 571.66 | 0.62 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.87500% 18-03.04.28 | 380 000.00 | 411 184.54 | 0.29 |
| USD	KUWAIT INTERNATIONAL GOVT BOND-REG-S 3.50000% 17-20.03.27 | 800 000.00 | 858 250.00 | 0.62 |
| USD	MICROSOFT CORP 2.87500% 17-06.02.24 | 50 000.00 | 51 910.33 | 0.04 |
| USD	MICROSOFT CORP 3.30000% 17-06.02.27 | 1 030 000.00 | 1 109 141.39 | 0.80 |
| USD	MICROSOFT CORP 4.00000% 11-08.02.21 | 125 000.00 | 128 333.77 | 0.09 |
| USD	NOVARTIS CAPITAL CORP 3.10000% 17-17.05.27 | 240 000.00 | 253 828.44 | 0.18 |
| USD	PROCTER & GAMBLE CO 2.85000% 17-11.08.27 | 500 000.00 | 529 936.85 | 0.38 |
| USD	QATAR, STATE OF-REG-S 2.37500% 16-02.06.21 | 600 000.00 | 602 250.00 | 0.43 |
| USD	QUEBEC, PROVINCE OF 2.50000% 16-20.04.26 | 500 000.00 | 515 900.05 | 0.37 |
| USD	ROCHE HOLDINGS INC-REG-S 3.62500% 18-17.09.28 | 250 000.00 | 277 657.63 | 0.20 |
| USD	SHELL INTERNATIONAL FINANCE BV 2.87500% 16-10.05.26 | 250 000.00 | 259 009.68 | 0.19 |
| USD	TOTAL CAPITAL INTERNATIONAL SA 3.70000% 13-15.01.24 | 275 000.00 | 292 299.26 | 0.21 |
| USD	WALMART INC 3.05000% 19-08.07.26 | 100 000.00 | 105 410.03 | 0.08 |
| USD	WALMART INC 3.70000% 18-26.06.28 | 600 000.00 | 663 385.32 | 0.48 |
| USD	WESTPAC BANKING CORP 2.85000% 16-13.05.26 | 850 000.00 | 868 207.00 | 0.62 |
| Total USD |  | 16 519 630.47 | 11.89 |
| Total Notes, fixed rate |  | 16 519 630.47 | 11.89 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ASB FINANCE LTD-REG-S 2.12500% 16-01.09.21 | 200 000.00 | 199 980.00 | 0.14 |
| USD	ASIAN DEVELOPMENT BANK 2.62500% 17-12.01.27 | 550 000.00 | 579 716.72 | 0.42 |
| USD	ASIAN DEVELOPMENT BANK 2.75000% 18-19.01.28 | 50 000.00 | 53 470.19 | 0.04 |
| USD	ASIAN DEVELOPMENT BANK 1.75000% 19-19.09.29 | 400 000.00 | 395 934.88 | 0.28 |
| USD	BANK OF AMERICA CORP 3.24800% 16-21.10.27 | 165 000.00 | 172 025.70 | 0.12 |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 3.15000% 17-19.09.27 | 175 000.00 | 183 344.00 | 0.13 |
| USD	CPPIB CAPITAL INC-REG-S 2.75000% 17-02.11.27 | 250 000.00 | 263 633.63 | 0.19 |
| USD	MDGH - GMTN BV-REG-S 3.00000% 17-19.04.24 | 550 000.00 | 563 234.38 | 0.41 |
| USD	NESTLE HOLDINGS INC-REG-S 3.12500% 18-22.03.23 | 140 000.00 | 145 118.40 | 0.10 |
| USD	SP POWERASSETS LTD-REG-S 3.25000% 15-24.11.25 | 500 000.00 | 525 410.00 | 0.38 |
| USD	SUMITOMO MITSUI BANKING CORP-REG-S 2.44000% 19-18.06.24 | 200 000.00 | 203 498.18 | 0.15 |
| USD	TORONTO-DOMINION BANK 2.50000% 15-14.12.20 | 175 000.00 | 176 077.98 | 0.13 |
| USD	TOYOTA MOTOR CREDIT CORP 2.60000% 17-11.01.22 | 500 000.00 | 507 186.45 | 0.36 |
| Total USD |  | 3 968 630.51 | 2.85 |
| Total Medium term notes, fixed rate |  | 3 968 630.51 | 2.85 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BANK NEDERLANDSE GEMEENTEN NV-REG-S 2.62500% 14-28.04.21 | 400 000.00 | 404 569.20 | 0.29 |
| USD	BANK NEDERLANDSE GEMEENTEN NV-REG-S 2.37500% 16-16.03.26 | 80 000.00 | 82 383.68 | 0.06 |
| USD	BRITISH COLUMBIA, PROVINCE OF 2.25000% 16-02.06.26 | 200 000.00 | 204 230.48 | 0.15 |
| USD	EUROPEAN INVESTMENT BANK 3.25000% 14-29.01.24 | 350 000.00 | 371 662.62 | 0.27 |
| USD	EUROPEAN INVESTMENT BANK 1.87500% 15-10.02.25 | 330 000.00 | 333 425.10 | 0.24 |
| USD	ING BANK NV-REG-S 2.62500% 12-05.12.22 | 550 000.00 | 561 550.00 | 0.40 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.12500% 15-15.01.25 | 80 000.00 | 81 488.86 | 0.06 |
| USD	INTL BK FOR RECONSTR & DEVT 2.50000% 15-29.07.25 | 1 750 000.00 | 1 822 770.43 | 1.31 |
| USD	KOREA NATIONAL OIL CORP-REG-S 3.25000% 14-10.07.24 | 600 000.00 | 624 562.50 | 0.45 |
| USD	KOREA, REPUBLIC OF 3.87500% 13-11.09.23 | 200 000.00 | 213 875.00 | 0.15 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.50000% 14-20.11.24 | 200 000.00 | 207 601.36 | 0.15 |
| USD	MICROSOFT CORP 2.40000% 16-08.08.26 | 200 000.00 | 203 539.18 | 0.15 |
| USD	MORGAN STANLEY 5.50000% 10-24.07.20 | 550 000.00 | 562 421.92 | 0.40 |
| USD	NOVARTIS CAPITAL CORP 3.40000% 14-06.05.24 | 400 000.00 | 422 974.12 | 0.30 |
| USD	ONTARIO, PROVINCE OF 3.20000% 14-16.05.24 | 25 000.00 | 26 449.50 | 0.02 |
| USD	ONTARIO, PROVINCE OF 2.50000% 16-27.04.26 | 925 000.00 | 953 689.16 | 0.69 |
| Total USD |  | 7 077 193.11 | 5.09 |
| Total Bonds, fixed rate |  | 7 077 193.11 | 5.09 |

UBS (Lux) Strategy SICAV – Income (USD) Semi-Annual Report as of 30 November 2019
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 200 000.00 | 272 351.56 | 0.20 |
| USD	AMERICA, UNITED STATES OF 4.37500% 08-15.02.38 | 55 000.00 | 74 838.68 | 0.06 |
| USD	AMERICA, UNITED STATES OF 4.37500% 11-15.05.41 | 270 000.00 | 373 812.86 | 0.27 |
| USD	AMERICA, UNITED STATES OF 3.00000% 18-15.08.48 | 290 000.00 | 338 846.87 | 0.24 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 325 000.00 | 336 971.67 | 0.24 |
| USD	AMERICA, UNITED STATES OF 2.62500% 19-15.02.29 | 1 000.00 | 1 071.92 | 0.00 |
| USD	AMERICA, UNITED STATES OF 1.50000% 15-31.01.22 | 1 000.00 | 997.46 | 0.00 |
| USD	AMERICA, UNITED STATES OF 3.62500% 10-15.02.20 | 1 000 000.00 | 1 003 671.80 | 0.72 |
| USD	AMERICA, UNITED STATES OF 2.62500% 10-15.11.20 | 1 025 000.00 | 1 033 928.67 | 0.74 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 2 175 000.00 | 2 155 543.95 | 1.55 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 2 230 000.00 | 2 210 139.06 | 1.59 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.02.27 | 591 000.00 | 611 846.58 | 0.44 |
| USD	AMERICA, UNITED STATES OF 1.75000% 13-15.05.23 | 1 125 000.00 | 1 130 053.61 | 0.81 |
| USD	AMERICA, UNITED STATES OF 2.50000% 13-15.08.23 | 1 000.00 | 1 031.60 | 0.00 |
| USD	AMERICA, UNITED STATES OF 1.50000% 17-15.05.20 | 1 000.00 | 999.25 | 0.00 |
| Total USD |  | 9 546 105.54 | 6.86 |
| Total Treasury notes, fixed rate |  | 9 546 105.54 | 6.86 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 400 000.00 | 833 986.33 | 0.60 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 345 000.00 | 521 289.31 | 0.37 |
| USD	AMERICA, UNITED STATES OF 0.500%/CPI LINKED 18-15.01.28 | 450 000.00 | 479 413.04 | 0.34 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 435 000.00 | 482 118.18 | 0.35 |
| USD	AMERICA, UNITED STATES OF 1.125%/CPI LINKED 11-15.01.21 | 350 000.00 | 413 529.94 | 0.30 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.01.22 | 280 000.00 | 315 762.29 | 0.23 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 13-15.01.23 | 340 000.00 | 375 931.65 | 0.27 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 275 000.00 | 295 732.80 | 0.21 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 440 000.00 | 482 646.93 | 0.35 |
| Total USD |  | 4 200 410.47 | 3.02 |
| Total Treasury notes, floating rate |  | 4 200 410.47 | 3.02 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 41 311 970.10 | 29.71 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	HSBC HOLDINGS PLC 4.87500% 11-14.01.22 | 375 000.00 | 396 069.56 | 0.28 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 1.95000% 17-28.09.20 | 300 000.00 | 300 181.83 | 0.22 |
| USD	SCENTRE GROUP TRUST 1 / 2-REG-S 3.75000% 17-23.03.27 | 150 000.00 | 157 972.50 | 0.11 |
| Total USD |  | 854 223.89 | 0.61 |
| Total Notes, fixed rate |  | 854 223.89 | 0.61 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	GUARDIAN LIFE GLOBAL FUNDING-REG-S 2.00000% 16-26.04.21 | 150 000.00 | 150 066.29 | 0.11 |
| USD	ROYAL BANK OF CANADA 2.12500% 17-02.03.20 | 250 000.00 | 250 129.93 | 0.18 |
| Total USD |  | 400 196.22 | 0.29 |
| Total Medium term notes, fixed rate |  | 400 196.22 | 0.29 |
| Medium term notes, zero coupon |  |  |  |
| USD |  |  |  |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.00000% 00-01.05.30 | 150 000.00 | 117 750.65 | 0.08 |
| Total USD |  | 117 750.65 | 0.08 |
| Total Medium term notes, zero coupon |  | 117 750.65 | 0.08 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 3 000 000.00 | 3 010 663.80 | 2.17 |
| Total USD |  | 3 010 663.80 | 2.17 |
| Total Treasury notes, fixed rate |  | 3 010 663.80 | 2.17 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 14-15.01.24 | 350 000.00 | 391 226.55 | 0.28 |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25 | 285 000.00 | 309 746.07 | 0.23 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 340 000.00 | 378 997.55 | 0.27 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 340 000.00 | 378 178.62 | 0.27 |
| Total USD |  | 1 458 148.79 | 1.05 |
| Total Treasury notes, floating rate |  | 1 458 148.79 | 1.05 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 5 840 983.35 | 4.20 |

UBS (Lux) Strategy SICAV – Income (USD) Semi-Annual Report as of 30 November 2019
| Description	Quantity/ | Valuation in USD | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |

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 | SOURCE MARKETS PLC - MSCI USA SOURCE ETF-A | 14 700.00 | 1 241 194.50 | 0.89 |
| USD | UBS ETFS PLC - MSCI USA TRN INDEX SF (USD) A-ACC | 14 700.00 | 1 242 885.00 | 0.90 |
| Total Ireland |  | 2 484 079.50 | 1.79 |
| Luxembourg |  |  |  |
| EUR	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 19 279.00 | 2 828 459.80 | 2.04 |
| USD	UBS (LUX) BOND SICAV - SHORT TERM USD CORPORATES (USD) U-X-A | 1 748.00 | 19 000 690.08 | 13.66 |
| USD	UBS (LUX) BOND SICAV - USD CORPORATES U-X-ACC | 512.00 | 6 105 589.76 | 4.39 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC | 210.00 | 4 153 214.10 | 2.99 |
| USD	UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS | 26 448.00 | 2 820 679.20 | 2.03 |
| USD	UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC | 1 953.00 | 22 321 813.50 | 16.05 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND-GLOBAL BONDS (USD)-U-X ACC | 662.00 | 9 024 238.36 | 6.49 |
| USD	UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC | 207.00 | 2 253 420.63 | 1.62 |
| USD	UBS (LUX) EQUITY SICAV-GLOBAL QUANTITATIVE (USD) U-X-ACC | 388.00 | 5 983 961.04 | 4.30 |
| USD	UBS (LUX) INST FUND-KEY SEL. GLOBAL EQUITY FA-USD | 289.00 | 7 386 380.49 | 5.31 |
| USD	UBS (LUX) INSTITUTION SICAV-EQUITIES GLB (EX USA) PASSIVE XA | 14 089.00 | 1 443 136.27 | 1.04 |
| USD	UBS (LUX) MONEY MARKET FUND - USD U-X-ACC | 63.00 | 698 588.10 | 0.50 |
| Total Luxembourg |  | 84 020 171.33 | 60.42 |
| Total Investment funds, open end |  | 86 504 250.83 | 62.21 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  | 86 504 250.83 | 62.21 |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Options on indices, classic-styled |  |  |  |
| USD |  |  |  |
| USD	S&P 500 INDEX PUT 2700.00000 20.12.19 | 10.00 | 990.00 | 0.00 |
| Total USD |  | 990.00 | 0.00 |
| Total Options on indices, classic-styled |  | 990.00 | 0.00 |
| Total Derivative instruments listed on an official stock exchange |  | 990.00 | 0.00 |
| Total investments in securities |  | 133 658 194.28 | 96.12 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange Financial Futures on Indices |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 20.12.19 | -188.00 | -411 675.56 | -0.30 |
| CHF	SWISS MARKET INDEX FUTURE 20.12.19 | 31.00 | 161 072.20 | 0.12 |
| GBP	FTSE 100 INDEX FUTURE 20.12.19 | 58.00 | 50 853.91 | 0.04 |
| USD	S&P500 EMINI FUTURE 20.12.19 | 10.00 | 33 526.48 | 0.02 |
| AUD	SPI 200 INDEX FUTURE 19.12.19 | -3.00 | -8 674.83 | -0.01 |
| CAD	S&P/TSX 60 INDEX FUTURE 19.12.19 | -3.00 | -9 779.79 | -0.01 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 12.12.19 | 6.00 | 120 399.96 | 0.09 |
| Total Financial Futures on Indices |  | -64 277.63 | -0.05 |
| Total Derivative instruments listed on an official stock exchange |  | -64 277.63 | -0.05 |
| Total Derivative instruments |  | -64 277.63 | -0.05 |
| Forward Foreign Exchange contracts Forward Foreign Exchange contracts (Purchase/Sale) |  |  |  |

| USD | 52 691.06 | DKK | 355 000.00 | 9.1.2020 | 125.14 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 2 839 036.51 | AUD | 4 186 134.63 | 9.1.2020 | 4 398.57 | 0.00 |
| GBP | 300 665.71 | USD | 381 355.07 | 9.1.2020 | 8 211.97 | 0.01 |
| USD | 146 709.95 | HKD | 1 150 000.00 | 9.1.2020 | -139.98 | 0.00 |
| JPY | 42 995 078.00 | USD | 399 408.79 | 9.1.2020 | -5 495.83 | 0.00 |
| USD | 13 340.24 | ZAR | 200 000.00 | 9.1.2020 | -232.36 | 0.00 |
| NZD | 5 000.00 | USD | 3 146.97 | 9.1.2020 | 64.54 | 0.00 |
| USD | 67 436.74 | SEK | 659 811.26 | 9.1.2020 | -1 675.69 | 0.00 |
| USD | 2 061 540.05 | CAD | 2 725 044.65 | 9.1.2020 | 9 148.27 | 0.01 |
| USD | 54 794.16 | SGD | 75 000.00 | 9.1.2020 | -72.95 | 0.00 |
| NOK | 25 075 478.90 | USD | 2 741 548.06 | 9.1.2020 | -17 545.98 | -0.01 |
| USD | 365 409.11 | CHF | 362 025.42 | 9.1.2020 | 1 868.90 | 0.00 |
| USD | 5 703 703.21 | EUR | 5 147 486.42 | 9.1.2020 | 10 727.70 | 0.01 |
| USD | 72 657.33 | EUR | 65 000.00 | 9.1.2020 | 769.15 | 0.00 |
| GBP | 1 680 000.00 | USD | 2 160 130.56 | 9.1.2020 | 16 614.62 | 0.01 |
| EUR | 1 229 478.17 | NOK | 12 585 000.00 | 9.1.2020 | -7 361.00 | -0.01 |
| CAD | 1 790 426.87 | NOK | 12 585 000.00 | 9.1.2020 | -18 650.47 | -0.01 |
| USD | 96 911.84 | JPY | 10 500 000.00 | 9.1.2020 | 712.78 | 0.00 |
| USD | 58 054.01 | GBP | 45 000.00 | 9.1.2020 | -251.66 | 0.00 |
| USD | 96 018.66 | CHF | 95 000.00 | 9.1.2020 | 621.16 | 0.00 |
| GBP | 2 411 263.48 | USD | 3 114 670.03 | 15.1.2020 | 10 061.01 | 0.01 |
| USD | 148 057.61 | HKD | 1 160 000.00 | 15.1.2020 | -66.33 | 0.00 |
| USD | 37 438.43 | DKK | 250 000.00 | 15.1.2020 | 405.07 | 0.00 |
| USD | 1 712 401.68 | AUD | 2 468 732.42 | 15.1.2020 | 40 463.86 | 0.03 |

UBS (Lux) Strategy SICAV – Income (USD) Semi-Annual Report as of 30 November 2019
| Description	Quantity/ | Valuation in USD | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |

Forward Foreign Exchange contracts (Continued)
Forward Foreign Exchange contracts (Purchase/Sale)
| NZD | 5 000.00 | USD | 3 217.44 | 15.1.2020 | -5.66 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CAD | 121 118.20 | USD | 92 329.42 | 15.1.2020 | -1 106.83 | 0.00 |
| USD | 68 373.61 | SEK | 653 064.93 | 15.1.2020 | -51.13 | 0.00 |
| USD | 55 325.61 | SGD | 75 000.00 | 15.1.2020 | 454.73 | 0.00 |
| USD | 10 214.75 | NOK | 92 981.75 | 15.1.2020 | 113.86 | 0.00 |
| JPY | 32 515 927.00 | USD | 300 059.86 | 15.1.2020 | -2 063.08 | 0.00 |
| USD | 4 265 118.29 | EUR | 3 814 114.51 | 15.1.2020 | 45 282.74 | 0.03 |
| USD | 326 814.49 | CHF | 321 971.10 | 15.1.2020 | 3 364.81 | 0.00 |
| USD | 89 102.72 | EUR | 80 000.00 | 15.1.2020 | 592.83 | 0.00 |
| USD | 89 069.68 | EUR | 80 000.00 | 9.1.2020 | 591.93 | 0.00 |
| USD | 122 018.00 | GBP | 95 000.00 | 15.1.2020 | -1 091.50 | 0.00 |
| USD | 121 997.48 | GBP | 95 000.00 | 9.1.2020 | -1 092.28 | 0.00 |
| IDR | 19 712 380 000.00 | USD | 1 392 018.93 | 16.1.2020 | -1 584.25 | 0.00 |
| USD | 1 432 529.60 | TWD | 43 430 000.00 | 16.1.2020 | 4 555.17 | 0.00 |
| INR | 96 420 000.00 | USD | 1 333 702.19 | 16.1.2020 | 5 121.38 | 0.00 |
| USD | 64 863.65 | GBP | 50 000.00 | 15.1.2020 | 69.17 | 0.00 |
| HKD | 350 000.00 | USD | 44 668.80 | 9.1.2020 | 24.66 | 0.00 |
| USD | 64 852.95 | GBP | 50 000.00 | 9.1.2020 | 68.87 | 0.00 |
| AUD | 60 000.00 | USD | 40 991.64 | 15.1.2020 | -356.91 | 0.00 |
| USD | 54 351.54 | DKK | 365 000.00 | 15.1.2020 | 282.84 | 0.00 |
| AUD | 70 000.00 | USD | 47 816.65 | 9.1.2020 | -416.20 | 0.00 |
| USD | 54 328.86 | DKK | 365 000.00 | 9.1.2020 | 282.21 | 0.00 |
| USD | 36 941.71 | JPY | 4 000 000.00 | 15.1.2020 | 283.15 | 0.00 |
| HKD | 350 000.00 | USD | 44 665.78 | 15.1.2020 | 26.79 | 0.00 |
| USD | 36 929.26 | JPY | 4 000 000.00 | 9.1.2020 | 282.00 | 0.00 |
| CHF | 110 000.00 | USD | 111 440.93 | 9.1.2020 | -980.67 | 0.00 |
| EUR | 1 100 000.00 | USD | 1 222 669.80 | 9.1.2020 | -6 100.67 | -0.01 |
| CHF | 110 000.00 | USD | 111 487.80 | 15.1.2020 | -982.65 | 0.00 |
| EUR | 1 090 000.00 | USD | 1 212 021.14 | 15.1.2020 | -6 073.93 | 0.00 |
| USD | 37 241.82 | AUD | 55 000.00 | 9.1.2020 | -1.39 | 0.00 |
| USD | 37 247.32 | AUD | 55 000.00 | 15.1.2020 | -1.18 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | 92 189.30 | 0.07 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 5 279 508.85 | 3.80 |
| Bank overdraft and other short-term liabilities | -866.49 | 0.00 |
| Other assets and liabilities | 92 175.28 | 0.06 |
| Total net assets | 139 056 923.59 | 100.00 |

UBS (Lux) Strategy SICAV – Income (USD) Semi-Annual Report as of 30 November 2019

Translation (ENDE, 2019-11-30):
# UBS (Lux) Strategy SICAV – Income (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Nettovermögen in USD |  | 139 056 923.59 | 137 065 284.80 | 151 457 204.17 |
| Klasse K-1-acc | LU1097765488 |  |  |  |
| Aktien im Umlauf |  | 8.4000 | 8.4000 | 8.4000 |
| Nettoinventarwert pro Aktie in USD |  | 5 844 537.58 | 5 635 043.21 | 5 458 556.40 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 5 844 537.58 | 5 635 043.21 | 5 458 556.40 |
| Klasse P-acc | LU0994951548 |  |  |  |
| Aktien im Umlauf |  | 613 977.9150 | 634 957.5850 | 782 024.8240 |
| Nettoinventarwert pro Aktie in USD |  | 118.76 | 114.74 | 111.62 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 118.76 | 114.74 | 111.62 |
| Klasse (JPY hedged) P-acc 2 | LU1411405076 |  |  |  |
| Aktien im Umlauf |  | - | - | 31 126.2220 |
| Nettoinventarwert pro Aktie in JPY |  | - | - | 10 167 |
| Ausgabe- und Rücknahmepreis pro Aktie in JPY 1 |  | - | - | 10 167 |
| Klasse P-dist | LU0994670023 |  |  |  |
| Aktien im Umlauf |  | 70 037.9900 | 71 254.3640 | 81 278.5880 |
| Nettoinventarwert pro Aktie in USD |  | 111.53 | 109.50 | 107.37 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 111.53 | 109.50 | 107.37 |
| Klasse Q-acc | LU1240801693 |  |  |  |
| Aktien im Umlauf |  | 75 938.9200 | 77 412.4950 | 57 784.4800 |
| Nettoinventarwert pro Aktie in USD |  | 117.18 | 112.90 | 109.23 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 117.18 | 112.90 | 109.23 |
| Klasse Q-dist | LU1240801776 |  |  |  |
| Aktien im Umlauf |  | 3 060.7010 | 3 060.7010 | 3 437.6320 |
| Nettoinventarwert pro Aktie in USD |  | 109.72 | 108.01 | 105.92 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 109.72 | 108.01 | 105.92 |
| 1  Siehe Erläuterung 1 2  Die Aktienklasse (JPY hedged) P-acc war bis zum 20.2.2019 im Umlauf |  |  |  |  |


## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
Luxemburg	61.26
Vereinigte Staaten	22.53
Kanada	1.92
Irland	1.79
Niederlande	1.35
Südkorea	1.26
Deutschland	1.06
Australien	1.02
Philippinen	0.70
Kuwait	0.62
Grossbritannien	0.47
Katar	0.43
Singapur	0.38
Supranational	0.35
Vereinigte Arabische Emirate	0.30
Frankreich	0.21
Norwegen	0.18
Japan	0.15
Neuseeland	0.14
Wirtschaftliche Aufteilung in % des Nettovermögens	
Anlagefonds	62.21
Länder- & Zentralregierungen	14.30
Banken & Kreditinstitute	3.85
Supranationale Organisationen	3.65
Finanz- & Beteiligungsgesellschaften	3.24
Computer & Netzwerkausrüster	2.03
Kantone, Bundesstaaten	1.72
Internet, Software & IT-Dienste	1.31
Erdöl	1.29
Diverse Dienstleistungen	0.60
Detailhandel, Warenhäuser	0.55
Öffentlich-rechtliche Körperschaften	0.44
Diverse Konsumgüter	0.38
Pharmazeutik, Kosmetik & medizinische Produkte	0.35
Biotechnologie	0.20
Total	96.12
Total	96.12
UBS (Lux) Strategy SICAV – Income (USD) Halbjahresbericht per 30. November 2019

## Nettovermögensaufstellung
Aktiva	30.11.2019
USD
Wertpapierbestand, Einstandswert	121 502 450.99
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	12 155 743.29	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 133 658 194.28 |
| Bankguthaben, Sicht- und Fristgelder | 4 470 329.02 |
| Andere liquide Mittel (Margins) | 809 179.83 |
| Zinsforderungen aus Wertpapieren | 247 372.16 |
| Sonstige Forderungen | 22 769.09 |
| Zinsforderungen aus liquiden Mitteln | 30.46 |
| Nicht realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten (Erläuterung 1) | -64 277.63 |
| Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1) | 92 189.30 |
| Total Aktiva | 139 235 786.51 |
|  |  |
| Passiva |  |
| Kontokorrentkredit | -866.49 |
| Zinsverbindlichkeiten aus Kontokorrentkredit | -6.85 |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -4.40 |
| Verbindlichkeiten aus Rücknahmen | -100 000.07 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -59 287.74 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -4 486.71 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-14 210.66	 |
| Total Rückstellungen für Aufwendungen | -77 985.11 |
| Total Passiva | -178 862.92 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 139 056 923.59 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 1.6.2019-30.11.2019 |
| Zinsertrag auf liquide Mittel | 12 871.93 |
| Zinsen auf Wertpapiere | 588 189.57 |
| Zinsertrag auf Swaps (Erläuterung 1) | 27 441.28 |
| Dividenden | 149 431.20 |
| Erträge aus Securities Lending (Erläuterung 12) | 12 738.98 |
| Sonstige Erträge (Erläuterung 4) | 11 232.66 |
| Total Erträge | 801 905.62 |
|  |  |
| Aufwendungen |  |
| Zinsaufwand auf Swaps (Erläuterung 1) | -439.82 |
| Kosten aus Securities Lending (Erläuterung 12) | -5 095.59 |
| Pauschale Verwaltungskommission (Erläuterung 2) | -779 007.99 |
| Abonnementsabgabe (Erläuterung 3) | -13 904.24 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -14 340.89 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -2 026.87 |
| Total Aufwendungen | -814 815.40 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | -12 909.78 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 1 859 191.87 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | -267 083.31 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | -278 894.82 |
| Realisierter Kursgewinn (-verlust) aus Swaps | 108 503.04 |
| Realisierter Währungsgewinn (-verlust) | 46 519.53 |
| Total der realisierten Gewinne (Verluste) | 1 468 236.31 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | 1 455 326.53 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 3 719 151.11 |
| Nicht realisierte Werterhöhung (-minderung) von Optionen | -114 010.00 |
| Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente | 1 662.49 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | -65 137.26 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | -17 880.35 |
| Nicht realisierte Werterhöhung (-minderung) von Swaps | -66 544.52 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 3 457 241.47 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 4 912 568.00 |

UBS (Lux) Strategy SICAV – Income (USD) Halbjahresbericht per 30. November 2019
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  |  | USD |
|  |  | 1.6.2019-30.11.2019 |
| Nettovermögen zu Beginn der Berichtsperiode |  | 137 065 284.80 |
| Zeichnungen |  | 4 206 005.49 |
| Rücknahmen |  | 	-6 992 726.76	 |
| Total Mittelzufluss (-abfluss) |  | -2 786 721.27 |
| Ausbezahlte Dividende |  | -134 207.94 |
| Nettoerträge (-verluste) aus Anlagen |  | -12 909.78 |
| Total der realisierten Gewinne (Verluste) |  | 1 468 236.31 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) |  | 	3 457 241.47	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit |  | 4 912 568.00 |
| Nettovermögen am Ende der Berichtsperiode |  | 139 056 923.59 |
| Entwicklung der Aktien im Umlauf |  |  |
|  |  | 1.6.2019-30.11.2019 |
| Klasse |  | K-1-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 8.4000 |
| Anzahl der ausgegebenen Aktien |  | 0.0000 |
| Anzahl der zurückgegebenen Aktien |  | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 8.4000 |
| Klasse |  | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 634 957.5850 |
| Anzahl der ausgegebenen Aktien |  | 31 151.3380 |
| Anzahl der zurückgegebenen Aktien |  | -52 131.0080 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 613 977.9150 |
| Klasse |  | P-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 71 254.3640 |
| Anzahl der ausgegebenen Aktien |  | 2 329.3090 |
| Anzahl der zurückgegebenen Aktien |  | -3 545.6830 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 70 037.9900 |
| Klasse |  | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 77 412.4950 |
| Anzahl der ausgegebenen Aktien |  | 2 515.2740 |
| Anzahl der zurückgegebenen Aktien |  | -3 988.8490 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 75 938.9200 |
| Klasse |  | Q-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 3 060.7010 |
| Anzahl der ausgegebenen Aktien |  | 0.0000 |
| Anzahl der zurückgegebenen Aktien |  | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 3 060.7010 |
| Jährliche Ausschüttung 1 |  |  |
| UBS (Lux) Strategy SICAV – Income (USD)	Ex-Date | Pay-Date | Währung	Betrag pro Aktie |
| P-dist	1.8.2019 | 6.8.2019 | USD	1.78 |
| Q-dist	1.8.2019 | 6.8.2019 | USD	2.35 |
| 1  Siehe Erläuterung 5 |  |  |

UBS (Lux) Strategy SICAV – Income (USD) Halbjahresbericht per 30. November 2019

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	ABU DHABI,GOVERNMENT OF-REG-S 3.12500% 17-11.10.27 | 400 000.00 | 418 500.00 | 0.30 |
| USD	ALBERTA, PROVINCE OF 3.30000% 18-15.03.28 | 250 000.00 | 273 151.13 | 0.20 |
| USD	ALPHABET INC 1.99800% 16-15.08.26 | 330 000.00 | 329 022.32 | 0.24 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 115 000.00 | 119 446.19 | 0.09 |
| USD	APPLE INC 2.45000% 16-04.08.26 | 230 000.00 | 233 566.10 | 0.17 |
| USD	APPLE INC 2.90000% 17-12.09.27 | 650 000.00 | 678 125.69 | 0.49 |
| USD	APPLE INC 3.00000% 17-09.02.24 | 200 000.00 | 207 786.58 | 0.15 |
| USD	APPLE INC 3.20000% 17-11.05.27 | 750 000.00 | 795 669.75 | 0.57 |
| USD	APPLE INC 3.25000% 16-23.02.26 | 300 000.00 | 318 458.70 | 0.23 |
| USD	APPLE INC 3.45000% 14-06.05.24 | 550 000.00 | 584 037.85 | 0.42 |
| USD	BERKSHIRE HATHAWAY INC 3.12500% 16-15.03.26 | 400 000.00 | 421 428.28 | 0.30 |
| USD	CHEVRON CORP 2.95400% 16-16.05.26 | 575 000.00 | 604 654.64 | 0.43 |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 3.35000% 19-04.06.24 | 200 000.00 | 209 628.00 | 0.15 |
| USD	CORPORACION ANDINA DE FOMENTO 4.37500% 12-15.06.22 | 225 000.00 | 235 982.25 | 0.17 |
| USD	EQUINOR ASA 3.62500% 18-10.09.28 | 230 000.00 | 253 337.27 | 0.18 |
| USD	EUROPEAN INVESTMENT BANK 2.37500% 17-24.05.27 | 450 000.00 | 468 121.45 | 0.34 |
| USD	EXXON MOBIL CORP 2.72600% 16-01.03.23 | 300 000.00 | 307 588.50 | 0.22 |
| USD	HSBC BANK PLC-REG-S 4.12500% 10-12.08.20 | 250 000.00 | 253 683.08 | 0.18 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.25000% 19-18.06.29 | 600 000.00 | 620 101.62 | 0.45 |
| USD	JOHNSON & JOHNSON 2.45000% 16-01.03.26 | 475 000.00 | 483 940.12 | 0.35 |
| USD	KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 3.12500% 17-25.07.27 | 300 000.00 | 312 187.50 | 0.22 |
| USD	KOREA RESOURCES CORP-REG-S 3.00000% 17-24.04.22 | 600 000.00 | 606 937.50 | 0.44 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.00000% 15-02.05.25 | 845 000.00 | 857 571.66 | 0.62 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.87500% 18-03.04.28 | 380 000.00 | 411 184.54 | 0.29 |
| USD	KUWAIT INTERNATIONAL GOVT BOND-REG-S 3.50000% 17-20.03.27 | 800 000.00 | 858 250.00 | 0.62 |
| USD	MICROSOFT CORP 2.87500% 17-06.02.24 | 50 000.00 | 51 910.33 | 0.04 |
| USD	MICROSOFT CORP 3.30000% 17-06.02.27 | 1 030 000.00 | 1 109 141.39 | 0.80 |
| USD	MICROSOFT CORP 4.00000% 11-08.02.21 | 125 000.00 | 128 333.77 | 0.09 |
| USD	NOVARTIS CAPITAL CORP 3.10000% 17-17.05.27 | 240 000.00 | 253 828.44 | 0.18 |
| USD	PROCTER & GAMBLE CO 2.85000% 17-11.08.27 | 500 000.00 | 529 936.85 | 0.38 |
| USD	QATAR, STATE OF-REG-S 2.37500% 16-02.06.21 | 600 000.00 | 602 250.00 | 0.43 |
| USD	QUEBEC, PROVINCE OF 2.50000% 16-20.04.26 | 500 000.00 | 515 900.05 | 0.37 |
| USD	ROCHE HOLDINGS INC-REG-S 3.62500% 18-17.09.28 | 250 000.00 | 277 657.63 | 0.20 |
| USD	SHELL INTERNATIONAL FINANCE BV 2.87500% 16-10.05.26 | 250 000.00 | 259 009.68 | 0.19 |
| USD	TOTAL CAPITAL INTERNATIONAL SA 3.70000% 13-15.01.24 | 275 000.00 | 292 299.26 | 0.21 |
| USD	WALMART INC 3.05000% 19-08.07.26 | 100 000.00 | 105 410.03 | 0.08 |
| USD	WALMART INC 3.70000% 18-26.06.28 | 600 000.00 | 663 385.32 | 0.48 |
| USD	WESTPAC BANKING CORP 2.85000% 16-13.05.26 | 850 000.00 | 868 207.00 | 0.62 |
| Total USD |  | 16 519 630.47 | 11.89 |
| Total Notes, fester Zins |  | 16 519 630.47 | 11.89 |
| Medium-Term Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	ASB FINANCE LTD-REG-S 2.12500% 16-01.09.21 | 200 000.00 | 199 980.00 | 0.14 |
| USD	ASIAN DEVELOPMENT BANK 2.62500% 17-12.01.27 | 550 000.00 | 579 716.72 | 0.42 |
| USD	ASIAN DEVELOPMENT BANK 2.75000% 18-19.01.28 | 50 000.00 | 53 470.19 | 0.04 |
| USD	ASIAN DEVELOPMENT BANK 1.75000% 19-19.09.29 | 400 000.00 | 395 934.88 | 0.28 |
| USD	BANK OF AMERICA CORP 3.24800% 16-21.10.27 | 165 000.00 | 172 025.70 | 0.12 |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 3.15000% 17-19.09.27 | 175 000.00 | 183 344.00 | 0.13 |
| USD	CPPIB CAPITAL INC-REG-S 2.75000% 17-02.11.27 | 250 000.00 | 263 633.63 | 0.19 |
| USD	MDGH - GMTN BV-REG-S 3.00000% 17-19.04.24 | 550 000.00 | 563 234.38 | 0.41 |
| USD	NESTLE HOLDINGS INC-REG-S 3.12500% 18-22.03.23 | 140 000.00 | 145 118.40 | 0.10 |
| USD	SP POWERASSETS LTD-REG-S 3.25000% 15-24.11.25 | 500 000.00 | 525 410.00 | 0.38 |
| USD	SUMITOMO MITSUI BANKING CORP-REG-S 2.44000% 19-18.06.24 | 200 000.00 | 203 498.18 | 0.15 |
| USD	TORONTO-DOMINION BANK 2.50000% 15-14.12.20 | 175 000.00 | 176 077.98 | 0.13 |
| USD	TOYOTA MOTOR CREDIT CORP 2.60000% 17-11.01.22 | 500 000.00 | 507 186.45 | 0.36 |
| Total USD |  | 3 968 630.51 | 2.85 |
| Total Medium-Term Notes, fester Zins |  | 3 968 630.51 | 2.85 |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	BANK NEDERLANDSE GEMEENTEN NV-REG-S 2.62500% 14-28.04.21 | 400 000.00 | 404 569.20 | 0.29 |
| USD	BANK NEDERLANDSE GEMEENTEN NV-REG-S 2.37500% 16-16.03.26 | 80 000.00 | 82 383.68 | 0.06 |
| USD	BRITISH COLUMBIA, PROVINCE OF 2.25000% 16-02.06.26 | 200 000.00 | 204 230.48 | 0.15 |
| USD	EUROPEAN INVESTMENT BANK 3.25000% 14-29.01.24 | 350 000.00 | 371 662.62 | 0.27 |
| USD	EUROPEAN INVESTMENT BANK 1.87500% 15-10.02.25 | 330 000.00 | 333 425.10 | 0.24 |
| USD	ING BANK NV-REG-S 2.62500% 12-05.12.22 | 550 000.00 | 561 550.00 | 0.40 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.12500% 15-15.01.25 | 80 000.00 | 81 488.86 | 0.06 |
| USD	INTL BK FOR RECONSTR & DEVT 2.50000% 15-29.07.25 | 1 750 000.00 | 1 822 770.43 | 1.31 |
| USD	KOREA NATIONAL OIL CORP-REG-S 3.25000% 14-10.07.24 | 600 000.00 | 624 562.50 | 0.45 |
| USD	KOREA, REPUBLIC OF 3.87500% 13-11.09.23 | 200 000.00 | 213 875.00 | 0.15 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.50000% 14-20.11.24 | 200 000.00 | 207 601.36 | 0.15 |
| USD	MICROSOFT CORP 2.40000% 16-08.08.26 | 200 000.00 | 203 539.18 | 0.15 |
| USD	MORGAN STANLEY 5.50000% 10-24.07.20 | 550 000.00 | 562 421.92 | 0.40 |
| USD	NOVARTIS CAPITAL CORP 3.40000% 14-06.05.24 | 400 000.00 | 422 974.12 | 0.30 |
| USD	ONTARIO, PROVINCE OF 3.20000% 14-16.05.24 | 25 000.00 | 26 449.50 | 0.02 |
| USD	ONTARIO, PROVINCE OF 2.50000% 16-27.04.26 | 925 000.00 | 953 689.16 | 0.69 |
| Total USD |  | 7 077 193.11 | 5.09 |
| Total Anleihen, fester Zins |  | 7 077 193.11 | 5.09 |

UBS (Lux) Strategy SICAV – Income (USD) Halbjahresbericht per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 200 000.00 | 272 351.56 | 0.20 |
| USD	AMERICA, UNITED STATES OF 4.37500% 08-15.02.38 | 55 000.00 | 74 838.68 | 0.06 |
| USD	AMERICA, UNITED STATES OF 4.37500% 11-15.05.41 | 270 000.00 | 373 812.86 | 0.27 |
| USD	AMERICA, UNITED STATES OF 3.00000% 18-15.08.48 | 290 000.00 | 338 846.87 | 0.24 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 325 000.00 | 336 971.67 | 0.24 |
| USD	AMERICA, UNITED STATES OF 2.62500% 19-15.02.29 | 1 000.00 | 1 071.92 | 0.00 |
| USD	AMERICA, UNITED STATES OF 1.50000% 15-31.01.22 | 1 000.00 | 997.46 | 0.00 |
| USD	AMERICA, UNITED STATES OF 3.62500% 10-15.02.20 | 1 000 000.00 | 1 003 671.80 | 0.72 |
| USD	AMERICA, UNITED STATES OF 2.62500% 10-15.11.20 | 1 025 000.00 | 1 033 928.67 | 0.74 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 2 175 000.00 | 2 155 543.95 | 1.55 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 2 230 000.00 | 2 210 139.06 | 1.59 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.02.27 | 591 000.00 | 611 846.58 | 0.44 |
| USD	AMERICA, UNITED STATES OF 1.75000% 13-15.05.23 | 1 125 000.00 | 1 130 053.61 | 0.81 |
| USD	AMERICA, UNITED STATES OF 2.50000% 13-15.08.23 | 1 000.00 | 1 031.60 | 0.00 |
| USD	AMERICA, UNITED STATES OF 1.50000% 17-15.05.20 | 1 000.00 | 999.25 | 0.00 |
| Total USD |  | 9 546 105.54 | 6.86 |
| Total Treasury-Notes, fester Zins |  | 9 546 105.54 | 6.86 |
| Treasury-Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 400 000.00 | 833 986.33 | 0.60 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 345 000.00 | 521 289.31 | 0.37 |
| USD	AMERICA, UNITED STATES OF 0.500%/CPI LINKED 18-15.01.28 | 450 000.00 | 479 413.04 | 0.34 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 435 000.00 | 482 118.18 | 0.35 |
| USD	AMERICA, UNITED STATES OF 1.125%/CPI LINKED 11-15.01.21 | 350 000.00 | 413 529.94 | 0.30 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.01.22 | 280 000.00 | 315 762.29 | 0.23 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 13-15.01.23 | 340 000.00 | 375 931.65 | 0.27 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 275 000.00 | 295 732.80 | 0.21 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 440 000.00 | 482 646.93 | 0.35 |
| Total USD |  | 4 200 410.47 | 3.02 |
| Total Treasury-Notes, variabler Zins | 4 200 410.47 | 3.02 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 41 311 970.10 | 29.71 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Notes, fester Zins |  |  |
| USD |  |  |
| USD	HSBC HOLDINGS PLC 4.87500% 11-14.01.22	375 000.00 | 396 069.56 | 0.28 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 1.95000% 17-28.09.20	300 000.00 | 300 181.83 | 0.22 |
| USD	SCENTRE GROUP TRUST 1 / 2-REG-S 3.75000% 17-23.03.27	150 000.00 | 157 972.50 | 0.11 |
| Total USD | 854 223.89 | 0.61 |
| Total Notes, fester Zins | 854 223.89 | 0.61 |
| Medium-Term Notes, fester Zins |  |  |
| USD |  |  |
| USD	GUARDIAN LIFE GLOBAL FUNDING-REG-S 2.00000% 16-26.04.21	150 000.00 | 150 066.29 | 0.11 |
| USD	ROYAL BANK OF CANADA 2.12500% 17-02.03.20	250 000.00 | 250 129.93 | 0.18 |
| Total USD | 400 196.22 | 0.29 |
| Total Medium-Term Notes, fester Zins | 400 196.22 | 0.29 |
| Medium-Term Notes, Nullcoupon |  |  |
| USD |  |  |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.00000% 00-01.05.30	150 000.00 | 117 750.65 | 0.08 |
| Total USD | 117 750.65 | 0.08 |
| Total Medium-Term Notes, Nullcoupon | 117 750.65 | 0.08 |
| Treasury-Notes, fester Zins |  |  |
| USD |  |  |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22	3 000 000.00 | 3 010 663.80 | 2.17 |
| Total USD | 3 010 663.80 | 2.17 |
| Total Treasury-Notes, fester Zins | 3 010 663.80 | 2.17 |
| Treasury-Notes, variabler Zins |  |  |
| USD |  |  |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 14-15.01.24	350 000.00 | 391 226.55 | 0.28 |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25	285 000.00 | 309 746.07 | 0.23 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22	340 000.00 | 378 997.55 | 0.27 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23	340 000.00 | 378 178.62 | 0.27 |
| Total USD | 1 458 148.79 | 1.05 |
| Total Treasury-Notes, variabler Zins | 1 458 148.79 | 1.05 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden | 5 840 983.35 | 4.20 |

UBS (Lux) Strategy SICAV – Income (USD) Halbjahresbericht per 30. November 2019
| Bezeichnung	Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- |
| Nominal | NR Kursgewinn | Netto- |
|  | (-verlust) auf Futures/ | vermögens |
|  | Devisentermin- |  |
|  | kontrakten/ |  |
|  | Swaps (Erl. 1) |  |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
| Irland |  |
| --- | --- |
| USD | SOURCE MARKETS PLC - MSCI USA SOURCE ETF-A | 14 700.00 | 1 241 194.50 | 0.89 |
| USD | UBS ETFS PLC - MSCI USA TRN INDEX SF (USD) A-ACC | 14 700.00 | 1 242 885.00 | 0.90 |
| Total Irland | 2 484 079.50 | 1.79 |
| Luxemburg |  |  |
| EUR	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC	19 279.00 | 2 828 459.80 | 2.04 |
| USD	UBS (LUX) BOND SICAV - SHORT TERM USD CORPORATES (USD) U-X-A	1 748.00 | 19 000 690.08 | 13.66 |
| USD	UBS (LUX) BOND SICAV - USD CORPORATES U-X-ACC	512.00 | 6 105 589.76 | 4.39 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC	210.00 | 4 153 214.10 | 2.99 |
| USD	UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS	26 448.00 | 2 820 679.20 | 2.03 |
| USD	UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC	1 953.00 | 22 321 813.50 | 16.05 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND-GLOBAL BONDS (USD)-U-X ACC	662.00 | 9 024 238.36 | 6.49 |
| USD	UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC	207.00 | 2 253 420.63 | 1.62 |
| USD	UBS (LUX) EQUITY SICAV-GLOBAL QUANTITATIVE (USD) U-X-ACC	388.00 | 5 983 961.04 | 4.30 |
| USD	UBS (LUX) INST FUND-KEY SEL. GLOBAL EQUITY FA-USD	289.00 | 7 386 380.49 | 5.31 |
| USD	UBS (LUX) INSTITUTION SICAV-EQUITIES GLB (EX USA) PASSIVE XA	14 089.00 | 1 443 136.27 | 1.04 |
| USD	UBS (LUX) MONEY MARKET FUND - USD U-X-ACC	63.00 | 698 588.10 | 0.50 |
| Total Luxemburg | 84 020 171.33 | 60.42 |
| Total Investment Fonds, open end | 86 504 250.83 | 62.21 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 | 86 504 250.83 | 62.21 |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  |  |
| Optionen auf Indizes, klassisch |  |  |
| USD |  |  |
| USD	S&P 500 INDEX PUT 2700.00000 20.12.19	10.00 | 990.00 | 0.00 |
| Total USD | 990.00 | 0.00 |
| Total Optionen auf Indizes, klassisch | 990.00 | 0.00 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden | 990.00 | 0.00 |
| Total des Wertpapierbestandes | 133 658 194.28 | 96.12 |

| Derivative Instrumente |  |
| --- | --- |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden Finanzterminkontrakte auf Indizes |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 20.12.19 | -188.00 | -411 675.56 | -0.30 |
| CHF	SWISS MARKET INDEX FUTURE 20.12.19 | 31.00 | 161 072.20 | 0.12 |
| GBP	FTSE 100 INDEX FUTURE 20.12.19 | 58.00 | 50 853.91 | 0.04 |
| USD	S&P500 EMINI FUTURE 20.12.19 | 10.00 | 33 526.48 | 0.02 |
| AUD	SPI 200 INDEX FUTURE 19.12.19 | -3.00 | -8 674.83 | -0.01 |
| CAD	S&P/TSX 60 INDEX FUTURE 19.12.19 | -3.00 | -9 779.79 | -0.01 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 12.12.19 | 6.00 | 120 399.96 | 0.09 |
| Total Finanzterminkontrakte auf Indizes |  | -64 277.63 | -0.05 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | -64 277.63 | -0.05 |
| Total Derivative Instrumente |  | -64 277.63 | -0.05 |
| Devisenterminkontrakte Devisenterminkontrakte (Kauf/Verkauf) |  |  |  |

| USD | 52 691.06 | DKK | 355 000.00 | 9.1.2020 | 125.14 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 2 839 036.51 | AUD | 4 186 134.63 | 9.1.2020 | 4 398.57 | 0.00 |
| GBP | 300 665.71 | USD | 381 355.07 | 9.1.2020 | 8 211.97 | 0.01 |
| USD | 146 709.95 | HKD | 1 150 000.00 | 9.1.2020 | -139.98 | 0.00 |
| JPY | 42 995 078.00 | USD | 399 408.79 | 9.1.2020 | -5 495.83 | 0.00 |
| USD | 13 340.24 | ZAR | 200 000.00 | 9.1.2020 | -232.36 | 0.00 |
| NZD | 5 000.00 | USD | 3 146.97 | 9.1.2020 | 64.54 | 0.00 |
| USD | 67 436.74 | SEK | 659 811.26 | 9.1.2020 | -1 675.69 | 0.00 |
| USD | 2 061 540.05 | CAD | 2 725 044.65 | 9.1.2020 | 9 148.27 | 0.01 |
| USD | 54 794.16 | SGD | 75 000.00 | 9.1.2020 | -72.95 | 0.00 |
| NOK | 25 075 478.90 | USD | 2 741 548.06 | 9.1.2020 | -17 545.98 | -0.01 |
| USD | 365 409.11 | CHF | 362 025.42 | 9.1.2020 | 1 868.90 | 0.00 |
| USD | 5 703 703.21 | EUR | 5 147 486.42 | 9.1.2020 | 10 727.70 | 0.01 |
| USD | 72 657.33 | EUR | 65 000.00 | 9.1.2020 | 769.15 | 0.00 |
| GBP | 1 680 000.00 | USD | 2 160 130.56 | 9.1.2020 | 16 614.62 | 0.01 |
| EUR | 1 229 478.17 | NOK | 12 585 000.00 | 9.1.2020 | -7 361.00 | -0.01 |
| CAD | 1 790 426.87 | NOK | 12 585 000.00 | 9.1.2020 | -18 650.47 | -0.01 |
| USD | 96 911.84 | JPY | 10 500 000.00 | 9.1.2020 | 712.78 | 0.00 |
| USD | 58 054.01 | GBP | 45 000.00 | 9.1.2020 | -251.66 | 0.00 |
| USD | 96 018.66 | CHF | 95 000.00 | 9.1.2020 | 621.16 | 0.00 |
| GBP | 2 411 263.48 | USD | 3 114 670.03 | 15.1.2020 | 10 061.01 | 0.01 |
| USD | 148 057.61 | HKD | 1 160 000.00 | 15.1.2020 | -66.33 | 0.00 |
| USD | 37 438.43 | DKK | 250 000.00 | 15.1.2020 | 405.07 | 0.00 |
| USD | 1 712 401.68 | AUD | 2 468 732.42 | 15.1.2020 | 40 463.86 | 0.03 |

UBS (Lux) Strategy SICAV – Income (USD) Halbjahresbericht per 30. November 2019
| Bezeichnung	Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- |
| Nominal | NR Kursgewinn | Netto- |
|  | (-verlust) auf Futures/ | vermögens |
|  | Devisentermin- |  |
|  | kontrakten/ |  |
|  | Swaps (Erl. 1) |  |

Devisenterminkontrakte (Fortsetzung)
Devisenterminkontrakte (Kauf/Verkauf)
| NZD | 5 000.00 | USD | 3 217.44 | 15.1.2020 | -5.66 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CAD | 121 118.20 | USD | 92 329.42 | 15.1.2020 | -1 106.83 | 0.00 |
| USD | 68 373.61 | SEK | 653 064.93 | 15.1.2020 | -51.13 | 0.00 |
| USD | 55 325.61 | SGD | 75 000.00 | 15.1.2020 | 454.73 | 0.00 |
| USD | 10 214.75 | NOK | 92 981.75 | 15.1.2020 | 113.86 | 0.00 |
| JPY | 32 515 927.00 | USD | 300 059.86 | 15.1.2020 | -2 063.08 | 0.00 |
| USD | 4 265 118.29 | EUR | 3 814 114.51 | 15.1.2020 | 45 282.74 | 0.03 |
| USD | 326 814.49 | CHF | 321 971.10 | 15.1.2020 | 3 364.81 | 0.00 |
| USD | 89 102.72 | EUR | 80 000.00 | 15.1.2020 | 592.83 | 0.00 |
| USD | 89 069.68 | EUR | 80 000.00 | 9.1.2020 | 591.93 | 0.00 |
| USD | 122 018.00 | GBP | 95 000.00 | 15.1.2020 | -1 091.50 | 0.00 |
| USD | 121 997.48 | GBP | 95 000.00 | 9.1.2020 | -1 092.28 | 0.00 |
| IDR | 19 712 380 000.00 | USD | 1 392 018.93 | 16.1.2020 | -1 584.25 | 0.00 |
| USD | 1 432 529.60 | TWD | 43 430 000.00 | 16.1.2020 | 4 555.17 | 0.00 |
| INR | 96 420 000.00 | USD | 1 333 702.19 | 16.1.2020 | 5 121.38 | 0.00 |
| USD | 64 863.65 | GBP | 50 000.00 | 15.1.2020 | 69.17 | 0.00 |
| HKD | 350 000.00 | USD | 44 668.80 | 9.1.2020 | 24.66 | 0.00 |
| USD | 64 852.95 | GBP | 50 000.00 | 9.1.2020 | 68.87 | 0.00 |
| AUD | 60 000.00 | USD | 40 991.64 | 15.1.2020 | -356.91 | 0.00 |
| USD | 54 351.54 | DKK | 365 000.00 | 15.1.2020 | 282.84 | 0.00 |
| AUD | 70 000.00 | USD | 47 816.65 | 9.1.2020 | -416.20 | 0.00 |
| USD | 54 328.86 | DKK | 365 000.00 | 9.1.2020 | 282.21 | 0.00 |
| USD | 36 941.71 | JPY | 4 000 000.00 | 15.1.2020 | 283.15 | 0.00 |
| HKD | 350 000.00 | USD | 44 665.78 | 15.1.2020 | 26.79 | 0.00 |
| USD | 36 929.26 | JPY | 4 000 000.00 | 9.1.2020 | 282.00 | 0.00 |
| CHF | 110 000.00 | USD | 111 440.93 | 9.1.2020 | -980.67 | 0.00 |
| EUR | 1 100 000.00 | USD | 1 222 669.80 | 9.1.2020 | -6 100.67 | -0.01 |
| CHF | 110 000.00 | USD | 111 487.80 | 15.1.2020 | -982.65 | 0.00 |
| EUR | 1 090 000.00 | USD | 1 212 021.14 | 15.1.2020 | -6 073.93 | 0.00 |
| USD | 37 241.82 | AUD | 55 000.00 | 9.1.2020 | -1.39 | 0.00 |
| USD | 37 247.32 | AUD | 55 000.00 | 15.1.2020 | -1.18 | 0.00 |
| Total Devisenterminkontrakte (Kauf/Verkauf) | 92 189.30 | 0.07 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 5 279 508.85 | 3.80 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -866.49 | 0.00 |
| Andere Aktiva und Passiva | 92 175.28 | 0.06 |
| Total des Nettovermögens | 139 056 923.59 | 100.00 |

UBS (Lux) Strategy SICAV – Income (USD) Halbjahresbericht per 30. November 2019