# UBS (Lux) Key Selection SICAV – Global Allocation (EUR)
| Most important figures |  |
| --- | --- |
|  | ISIN | 31.3.2021 | 30.9.2020 | 30.9.2019 |
| Net assets in EUR |  | 349 434 041.35 | 299 205 464.13 | 328 913 271.81 |
| Class I-A2-acc 1 | LU0423399384 |  |  |  |
| Shares outstanding |  | - | - | 15 048.7340 |
| Net asset value per share in EUR |  | - | - | 109.93 |
| Issue and redemption price per share in EUR 2 |  | - | - | 109.93 |
| Class (CAD hedged) I-X-dist | LU0423402782 |  |  |  |
| Shares outstanding |  | 225 387.5640 | 231 310.7990 | 200 843.8660 |
| Net asset value per share in CAD |  | 129.02 | 115.35 | 111.78 |
| Issue and redemption price per share in CAD 2 |  | 129.02 | 115.35 | 111.78 |
| Class N-6%-mdist | LU1121266784 |  |  |  |
| Shares outstanding |  | 106 993.1840 | 101 614.2390 | 108 111.1550 |
| Net asset value per share in EUR |  | 83.41 | 76.75 | 80.24 |
| Issue and redemption price per share in EUR 2 |  | 83.41 | 76.75 | 80.24 |
| Class N-acc | LU0423397842 |  |  |  |
| Shares outstanding |  | 19 325.9500 | 22 697.9000 | 22 587.5120 |
| Net asset value per share in EUR |  | 157.83 | 141.08 | 139.06 |
| Issue and redemption price per share in EUR 2 |  | 157.83 | 141.08 | 139.06 |
| Class P-acc | LU0197216558 |  |  |  |
| Shares outstanding |  | 14 684 325.2110 | 14 046 893.3860 | 16 017 058.2640 |
| Net asset value per share in EUR |  | 16.55 | 14.76 | 14.48 |
| Issue and redemption price per share in EUR 2 |  | 16.55 | 14.76 | 14.48 |
| Class (CAD hedged) P-acc | LU0218832045 |  |  |  |
| Shares outstanding |  | 959 054.2520 | 988 351.3610 | 1 050 616.4490 |
| Net asset value per share in CAD |  | 16.36 | 14.54 | 14.09 |
| Issue and redemption price per share in CAD 2 |  | 16.36 | 14.54 | 14.09 |
| Class (GBP hedged) P-acc | LU0678606244 |  |  |  |
| Shares outstanding |  | 1 190 605.5050 | 1 179 414.8470 | 1 279 381.7290 |
| Net asset value per share in GBP |  | 17.58 | 15.64 | 15.34 |
| Issue and redemption price per share in GBP 2 |  | 17.58 | 15.64 | 15.34 |
| Class Q-acc | LU0423398907 |  |  |  |
| Shares outstanding |  | 167 903.8770 | 158 383.5430 | 175 222.2070 |
| Net asset value per share in EUR |  | 189.19 | 167.87 | 163.03 |
| Issue and redemption price per share in EUR 2 |  | 189.19 | 167.87 | 163.03 |
| Class (CAD hedged) Q-acc | LU0423401628 |  |  |  |
| Shares outstanding |  | 21 941.1640 | 28 250.6620 | 33 560.7960 |
| Net asset value per share in CAD |  | 145.46 | 128.62 | 123.41 |
| Issue and redemption price per share in CAD 2 |  | 145.46 | 128.62 | 123.41 |
| Class (GBP hedged) Q-acc | LU1240794971 |  |  |  |
| Shares outstanding |  | 34 097.8580 | 39 649.9600 | 29 919.4080 |
| Net asset value per share in GBP |  | 140.69 | 124.49 | 120.86 |
| Issue and redemption price per share in GBP 2 |  | 140.69 | 124.49 | 120.86 |
| 1  The share class I-A2-acc was in circulation until 22.10.2019 2  See note 1 |  |  |  |  |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Semi-Annual Report as of 31 March 2021

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
United States	47.37
Luxembourg	6.53
United Kingdom	4.92
Canada	4.14
Australia	3.92
France	3.54
Ireland	3.52
The Netherlands	3.19
Germany	3.19
Switzerland	2.12
Japan	1.88
Italy	1.80
Sweden	1.22
Denmark	1.13
Finland	1.06
Spain	0.89
Hong Kong	0.71
Austria	0.33
Belgium	0.30
Norway	0.29
Bermuda	0.20
Singapore	0.15
China	0.10
Total	92.50
Economic Breakdown as a % of net assets	
Countries & central governments	28.03
Internet, software & IT services	10.95
Investment funds	6.53
Pharmaceuticals, cosmetics & medical products	4.71
Banks & credit institutions	4.68
Finance & holding companies	3.69
Electronics & semiconductors	3.59
Retail trade, department stores	2.91
Mortgage & funding institutions	2.86
Insurance	2.52
Food & soft drinks	1.79
Lodging, catering & leisure	1.59
Telecommunications	1.55
Vehicles	1.38
Traffic & transportation	1.33
Computer hardware & network equipment providers	1.32
Energy & water supply	1.15
Chemicals	1.14
Mechanical engineering & industrial equipment	1.02
Textiles, garments & leather goods	0.96
Electrical devices & components	0.96
Petroleum	0.87
Healthcare & social services	0.85
Miscellaneous services	0.80
Tobacco & alcohol	0.71
Non-ferrous metals	0.68
Graphic design, publishing & media	0.66
Biotechnology	0.63
Building industry & materials	0.50
Various capital goods	0.48
Real Estate	0.39
Environmental services & recycling	0.29
Agriculture & fishery	0.29
Rubber & tyres	0.29
Miscellaneous unclassified companies	0.19
Aerospace industry	0.11
Cantons, federal states	0.10
Total	92.50
UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Semi-Annual Report as of 31 March 2021

## Statement of Net Assets
Assets	31.3.2021
EUR
Investments in securities, cost	269 511 340.61
Investments in securities, unrealized appreciation (depreciation)		53 730 246.68	 Total investments in securities (Note 1)			323 241 587.29
Cash at banks, deposits on demand and deposit accounts	18 513 396.16*
Other liquid assets (Margins)	11 616 660.66
Receivable on securities sales (Note 1)	528 549.87
Receivable on subscriptions	168 262.03
Interest receivable on securities	546 916.09
Interest receivable on liquid assets	5 785.64
Receivable on dividends	212 496.84
Other receivables	219 996.83
Unrealized gain on swaps (Note 1)	2 818 650.38
Unrealized loss on financial futures (Note 1)	-548 146.83
Unrealized loss on forward foreign exchange contracts (Note 1)	-5 207 752.42
Bank overdraft	-514 250.31
Interest payable on bank overdraft	-1 543.91
Payable on securities purchases (Note 1)	-1 228 089.01
Payable on redemptions	-380 230.58
Other liabilities	-155 523.84
Provisions for flat fee (Note 2)	-334 065.52
Provisions for taxe d’abonnement (Note 3)	-38 985.51
Provisions for other commissions and fees (Note 2)		-29 672.51		 Total provisions			-402 723.54
Net assets at the end of the period	349 434 041.35

## Statement of Operations
Income	1.10.2020-31.3.2021
EUR
Interest on liquid assets	6 945.70
Interest on securities	951 039.97
Dividends (Note 1)	767 433.31
Interest received on swaps (Note 1)	827 223.49
Income on securities lending (Note 14)	70 135.58
Total income	2 626 278.02
Expenses
Other income (Note 4)	3 499.97
Interest paid on swaps (Note 1)	-57 532.89
Flat fee (Note 2)	-2 941 033.35
Taxe d’abonnement (Note 3)	-73 347.14
Cost on securities lending (Note 14)	-28 054.23
Other commissions and fees (Note 2)	-29 556.38
Net income (loss) on investments	-535 828.53
Total expenses	-3 162 106.55
Interest on cash and bank overdraft	-32 582.56
Realized gain (loss) (Note 1)
Realized gain (loss) on market-priced securities without options	10 159 858.39
Realized gain (loss) on yield-evaluated securities and money market instruments	-328 544.74
Realized gain (loss) on financial futures	5 648 767.59
Realized gain (loss) on forward foreign exchange contracts	5 535 026.69
Realized gain (loss) on swaps	-649 407.82
Net realized gain (loss) of the period	21 149 077.42
Total realized gain (loss)	21 684 905.95
Realized gain (loss) on foreign exchange	1 319 205.84
Changes in unrealized appreciation (depreciation) (Note 1)
Unrealized appreciation (depreciation) on market-priced securities without options	20 281 010.51
Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments	282 055.23
Unrealized appreciation (depreciation) on financial futures	-574 982.55
Unrealized appreciation (depreciation) on forward foreign exchange contracts	-3 755 535.99
Total changes in unrealized appreciation (depreciation)	18 814 131.12
Unrealized appreciation (depreciation) on swaps	2 581 583.92
Net increase (decrease) in net assets as a result of operations	39 963 208.54
* As at 31 March 2021, cash amounts serve as collateral for the counterparty Goldman Sachs for an amount of EUR 511 358.80 and JP Morgan for an amount of EUR 536 033.35.
UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Semi-Annual Report as of 31 March 2021
| Changes in Net Assets |  |
| --- | --- |
|  | EUR |
|  | 1.10.2020-31.3.2021 |
| Net assets at the beginning of the period | 299 205 464.13 |
| Subscriptions | 35 513 383.20 |
| Redemptions | 	-24 698 302.69	 |
| Total net subscriptions (redemptions) | 10 815 080.51 |
| Dividend paid | -549 711.83 |
| Net income (loss) on investments | -535 828.53 |
| Total realized gain (loss) | 21 684 905.95 |
| Total changes in unrealized appreciation (depreciation) | 	18 814 131.12	 |
| Net increase (decrease) in net assets as a result of operations | 39 963 208.54 |
| Net assets at the end of the period | 349 434 041.35 |
| Changes in the Number of Shares outstanding |  |
|  | 1.10.2020-31.3.2021 |
| Class | (CAD hedged) I-X-dist |
| Number of shares outstanding at the beginning of the period | 231 310.7990 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -5 923.2350 |
| Number of shares outstanding at the end of the period | 225 387.5640 |
| Class | N-6%-mdist |
| Number of shares outstanding at the beginning of the period | 101 614.2390 |
| Number of shares issued | 13 101.5660 |
| Number of shares redeemed | -7 722.6210 |
| Number of shares outstanding at the end of the period | 106 993.1840 |
| Class | N-acc |
| Number of shares outstanding at the beginning of the period | 22 697.9000 |
| Number of shares issued | 348.4990 |
| Number of shares redeemed | -3 720.4490 |
| Number of shares outstanding at the end of the period | 19 325.9500 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 14 046 893.3860 |
| Number of shares issued | 1 647 690.1920 |
| Number of shares redeemed | -1 010 258.3670 |
| Number of shares outstanding at the end of the period | 14 684 325.2110 |
| Class | (CAD hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 988 351.3610 |
| Number of shares issued | 32 114.7280 |
| Number of shares redeemed | -61 411.8370 |
| Number of shares outstanding at the end of the period | 959 054.2520 |
| Class | (GBP hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 1 179 414.8470 |
| Number of shares issued | 89 582.1970 |
| Number of shares redeemed | -78 391.5390 |
| Number of shares outstanding at the end of the period | 1 190 605.5050 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 158 383.5430 |
| Number of shares issued | 25 301.9080 |
| Number of shares redeemed | -15 781.5740 |
| Number of shares outstanding at the end of the period | 167 903.8770 |
| Class | (CAD hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 28 250.6620 |
| Number of shares issued | 1 571.1170 |
| Number of shares redeemed | -7 880.6150 |
| Number of shares outstanding at the end of the period | 21 941.1640 |
| Class | (GBP hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 39 649.9600 |
| Number of shares issued | 2 007.9400 |
| Number of shares redeemed | -7 560.0420 |
| Number of shares outstanding at the end of the period | 34 097.8580 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Semi-Annual Report as of 31 March 2021
| Annual Distribution 1 |  |
| --- | --- |
| UBS (Lux) Key Selection SICAV – Global Allocation (EUR) | Ex-Date | Pay-Date | Currency | Amount per share |
| (CAD hedged) I-X-dist | 1.12.2020 | 4.12.2020 | CAD | 2.05 |
| Monthly Distribution 1 |  |  |  |  |
| UBS (Lux) Key Selection SICAV – Global Allocation (EUR) | Ex-Date | Pay-Date | Currency | Amount per share |
| N-6%-mdist | 12.10.2020 | 15.10.2020 | EUR | 0.38 |
| N-6%-mdist | 10.11.2020 | 13.11.2020 | EUR | 0.37 |
| N-6%-mdist | 10.12.2020 | 15.12.2020 | EUR | 0.40 |
| N-6%-mdist | 11.1.2021 | 14.1.2021 | EUR | 0.41 |
| N-6%-mdist | 10.2.2021 | 15.2.2021 | EUR | 0.41 |
| N-6%-mdist | 10.3.2021 | 15.3.2021 | EUR | 0.41 |
| 1  See note 5 |  |  |  |  |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Semi-Annual Report as of 31 March 2021

## Statement of Investments in Securities and other Net Assets as of 31 March 2021
| Description | Quantity/ | Valuation in EUR | 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 |  |  |  |
| Austria |  |  |  |
| EUR	ERSTE GROUP BK AG NPV | 39 460.00 | 1 141 183.20 | 0.33 |
| Total Austria |  | 1 141 183.20 | 0.33 |
| Bermuda |  |  |  |
| USD	MARVELL TECH GROUP COM USD0.002 | 16 533.00 | 689 003.95 | 0.20 |
| Total Bermuda |  | 689 003.95 | 0.20 |
| Canada |  |  |  |
| CAD	MEG ENERGY CORP COM NPV | 122 021.00 | 538 579.72 | 0.16 |
| Total Canada |  | 538 579.72 | 0.16 |
| Denmark |  |  |  |
| DKK	GENMAB AS DKK1 (BEARER) | 2 146.00 | 602 199.50 | 0.17 |
| Total Denmark |  | 602 199.50 | 0.17 |
| France |  |  |  |
| EUR	AIR LIQUIDE(L’) EUR5.5 (POST-SUBDIVISION) | 7 199.00 | 1 002 820.70 | 0.29 |
| EUR	CAPGEMINI EUR8 | 4 186.00 | 607 388.60 | 0.17 |
| EUR	DANONE EUR0.25 | 15 144.00 | 885 924.00 | 0.25 |
| EUR	EIFFAGE EUR4 | 4 779.00 | 407 935.44 | 0.12 |
| EUR	FAURECIA EUR7 | 900.82 | 40 924.12 | 0.01 |
| EUR	L’OREAL EUR0.20 | 4 227.00 | 1 381 383.60 | 0.40 |
| EUR	LVMH MOET HENNESSY EUR0.30 | 3 938.00 | 2 237 177.80 | 0.64 |
| EUR	SANOFI EUR2 | 15 243.00 | 1 284 222.75 | 0.37 |
| EUR	SCHNEIDER ELECTRIC EUR8 | 12 852.00 | 1 673 973.00 | 0.48 |
| EUR	SOC GENERALE EUR1.25 | 56 636.00 | 1 263 832.34 | 0.36 |
| EUR	TELEPERFORMANCE EUR2.50 | 3 602.00 | 1 119 501.60 | 0.32 |
| EUR	WORLDLINE EUR0.68 | 6 753.00 | 482 434.32 | 0.14 |
| Total France |  | 12 387 518.27 | 3.55 |
| Germany |  |  |  |
| EUR	AUTO1 GRP NPV | 4 404.00 | 212 008.56 | 0.06 |
| EUR	CONTINENTAL AG ORD NPV | 8 951.00 | 1 008 777.70 | 0.29 |
| EUR	DERMAPHARM HLDG SE NPV | 9 384.00 | 572 517.84 | 0.16 |
| EUR	SAP AG ORD NPV | 7 375.00 | 770 097.50 | 0.22 |
| EUR	ZALANDO SE NPV | 6 645.00 | 555 787.80 | 0.16 |
| Total Germany |  | 3 119 189.40 | 0.89 |
| Hong Kong |  |  |  |
| HKD	AIA GROUP LTD NPV | 158 000.00 | 1 630 611.00 | 0.47 |
| HKD	HONG KONG EXCHANGE HKD1 | 16 800.00 | 840 982.64 | 0.24 |
| Total Hong Kong |  | 2 471 593.64 | 0.71 |
| Ireland |  |  |  |
| EUR	KERRY GROUP ‘A’ORD EUR0.125(DUBLIN LIST | 4 320.00 | 460 944.00 | 0.13 |
| Total Ireland |  | 460 944.00 | 0.13 |
| Italy |  |  |  |
| EUR	BANCA MEDIOLANUM NPV | 101 153.00 | 814 281.65 | 0.23 |
| EUR	INFRASTRUTTURE WIR NPV | 65 725.00 | 624 387.50 | 0.18 |
| Total Italy |  | 1 438 669.15 | 0.41 |
| Japan |  |  |  |
| JPY	FANUC CORP NPV | 5 800.00 | 1 169 417.42 | 0.33 |
| JPY	TECHNOPRO HLDGS IN NPV | 11 700.00 | 830 626.48 | 0.24 |
| Total Japan |  | 2 000 043.90 | 0.57 |
| The Netherlands |  |  |  |
| EUR	ING GROEP N.V. EUR0.01 | 63 700.00 | 664 518.40 | 0.19 |
| EUR	KONINKLIJKE PHILIPS NV EUR0.20 | 24 357.00 | 1 185 576.98 | 0.34 |
| USD	NXP SEMICONDUCTORS EUR0.20 | 5 778.00 | 989 826.02 | 0.28 |
| EUR	OCI N.V. EUR0.02 | 35 468.00 | 653 675.24 | 0.19 |
| EUR	SHOP APOTHEKE EURO NPV | 2 138.00 | 397 668.00 | 0.11 |
| EUR	WOLTERS KLUWER EUR0.12 | 8 368.00 | 620 236.16 | 0.18 |
| Total The Netherlands |  | 4 511 500.80 | 1.29 |
| Spain |  |  |  |
| EUR	AMADEUS IT GROUP EUR0.01 | 12 812.00 | 773 588.56 | 0.22 |
| EUR	EDP RENOVAVEIS SA EUR5 | 55 693.00 | 1 014 726.46 | 0.29 |
| EUR	GRENERGY RENOVABLE EUR0.35 | 9 093.00 | 262 787.70 | 0.08 |
| EUR	IBERDROLA SA EUR0.75 (POST SUBDIVISION) | 96 862.00 | 1 064 029.07 | 0.30 |
| Total Spain |  | 3 115 131.79 | 0.89 |
| Switzerland |  |  |  |
| GBP	WIZZ AIR HLDGS PLC ORD GBP0.0001 | 6 415.00 | 363 128.05 | 0.10 |
| Total Switzerland |  | 363 128.05 | 0.10 |
| United Kingdom |  |  |  |
| GBP	ASTRAZENECA ORD USD0.25 | 18 892.00 | 1 607 208.15 | 0.46 |
| GBP	BRIT AMER TOBACCO ORD GBP0.25 | 25 998.00 | 846 607.91 | 0.24 |
| GBP	BT GROUP ORD GBP0.05 | 714 064.00 | 1 297 609.52 | 0.37 |
| GBP	DIPLOMA ORD GBP0.05 | 12 370.00 | 370 002.83 | 0.11 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Semi-Annual Report as of 31 March 2021
|  | Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | LIVANOVA PLC ORD GBP1.00 (DI) | 13 500.00 | 846 894.41 | 0.24 |
| GBP | SAGE GROUP GBP0.01051948 | 137 760.00 | 991 009.50 | 0.28 |
| GBP | SPECTRIS ORD GBP0.05 | 33 693.00 | 1 315 916.74 | 0.38 |
| Total United Kingdom |  | 7 275 249.06 | 2.08 |
| United States |  |  |  |
| USD	AKAMAI TECHNOLOGIES INC COM | 10 225.00 | 886 520.46 | 0.25 |
| USD	BIO RAD LABS INC CL A | 1 775.00 | 862 611.04 | 0.25 |
| USD	BIOMARIN PHARMA COM USD0.001 | 5 518.00 | 354 517.30 | 0.10 |
| USD	BOSTON SCIENTIFIC COM USD0.01 | 22 830.00 | 750 769.59 | 0.21 |
| USD	CADENCE DESIGN SYS COM USD0.01 | 8 636.00 | 1 006 590.35 | 0.29 |
| USD	CIENA CORP COM STK USD0.01 | 19 882.00 | 925 672.63 | 0.26 |
| USD	COHERUS BIOSCIENCE COM USD0.0001 | 7 393.00 | 91 901.42 | 0.03 |
| USD	CORNERSTONE ONDEMA COM USD0.0001 | 16 510.00 | 612 189.06 | 0.18 |
| USD	COUPA SOFTWARE INC COM USD0.0001 | 2 379.00 | 515 109.27 | 0.15 |
| USD	DEXCOM INC COM | 1 562.00 | 477 637.35 | 0.14 |
| USD	F5 NETWORK INC COM STK NPV | 3 206.00 | 569 076.60 | 0.16 |
| USD	FORTINET INC COM USD0.001 | 7 223.00 | 1 133 383.53 | 0.32 |
| USD	HEICO CORP NEW CL A | 4 087.00 | 395 033.78 | 0.11 |
| USD	HILL-ROM HLDGS INC COM STK NPV | 12 885.00 | 1 211 209.73 | 0.35 |
| USD	HUBSPOT INC COM USD0.001 | 2 571.00 | 993 596.45 | 0.28 |
| USD	MARSH & MCLENNAN COM USD1 | 7 425.00 | 769 475.88 | 0.22 |
| USD	MARTIN MARIETTA M. COM USD0.01 | 2 219.00 | 634 037.76 | 0.18 |
| USD	MIRATI THERAPEUTIC COM NPV | 3 283.00 | 478 497.32 | 0.14 |
| USD	MSA SAFETY INC COM NPV | 7 524.00 | 960 393.50 | 0.27 |
| USD	QORVO INC COM USD 0.0001 | 3 959.00 | 615 425.25 | 0.18 |
| USD	SLM CORP COM USD0.20 | 63 082.00 | 964 505.69 | 0.28 |
| USD	TAKE TWO INTERACTI COM USD0.01 | 6 088.00 | 915 297.88 | 0.26 |
| USD	THE TRADE DESK INC COM USD0.000001 CL A | 1 020.00 | 565 551.94 | 0.16 |
| USD	UNIVERSAL DISPLAY COM USD0.01 | 2 051.00 | 413 184.10 | 0.12 |
| USD	VMWARE INC COM STK USD0.01 CLASS ‘A’ | 9 130.00 | 1 168 730.11 | 0.33 |
| USD	WORLD WRESTLING ENTMT INC CL A | 26 164.00 | 1 207 911.72 | 0.35 |
| USD	ZSCALER INC COM USD0.001 | 4 022.00 | 587 472.76 | 0.17 |
| Total United States |  | 20 066 302.47 | 5.74 |
| Total Bearer shares |  | 60 180 236.90 | 17.22 |
| Preference shares |  |  |  |
| Germany |  |  |  |
| EUR	VOLKSWAGEN AG NON VTG PRF NPV	3 854.00 | 919 564.40 | 0.26 |
| Total Germany | 919 564.40 | 0.26 |
| Total Preference shares | 919 564.40 | 0.26 |

Registered shares
| Belgium |  |
| --- | --- |
| EUR | KBC GROUP NV NPV | 16 893.00 | 1 047 366.00 | 0.30 |
| Total Belgium	1 047 366.00	0.30 |
| Denmark |  |  |  |  |
| DKK | CARLSBERG SER’B’DKK20 | 7 211.00 | 944 952.82 | 0.27 |
| DKK | NOVO-NORDISK AS DKK0.2 SER’B’ | 29 614.00 | 1 711 201.61 | 0.49 |
| DKK | VESTAS WIND SYSTEM DKK1 | 3 863.00 | 676 275.91 | 0.19 |
| Total Denmark	3 332 430.34	0.95 |
| Finland |  |  |  |  |
| EUR | NESTE OIL OYJ NPV | 9 247.00 | 418 519.22 | 0.12 |
| SEK | NORDEA HOLDING ABP NPV | 98 376.00 | 825 860.52 | 0.24 |
| EUR | SAMPO PLC SER’A’NPV | 64 420.00 | 2 478 237.40 | 0.71 |
| Total Finland	3 722 617.14	1.07 |
| Germany |  |  |  |  |
| EUR | DEUTSCHE POST AG NPV(REGD) | 20 866.00 | 974 859.52 | 0.28 |
| EUR | EXASOL AG ORD NPV | 14 358.00 | 311 568.60 | 0.09 |
| EUR | INFINEON TECHNOLOG AG NPV (REGD) | 26 687.00 | 964 868.49 | 0.28 |
| EUR | MUENCHENER RUECKVE NPV(REGD) | 4 419.00 | 1 160 429.40 | 0.33 |
| EUR | SIEMENS AG NPV(REGD) | 11 978.00 | 1 676 920.00 | 0.48 |
| Total Germany	5 088 646.01	1.46 |
| Ireland |  |  |  |  |
| USD | APTIV PLC COM USD0.01 | 9 706.00 | 1 138 821.92 | 0.33 |
| EUR | CRH ORD EUR0.32 | 17 554.00 | 701 633.38 | 0.20 |
| Total Ireland |  | 1 840 455.30 | 0.53 |
| Italy |  |  |  |
| EUR	ENEL EUR1 | 148 181.00 | 1 258 501.23 | 0.36 |
| EUR	MEDIOBANCA SPA EUR0.5 | 30 598.00 | 289 334.69 | 0.08 |
| EUR	MONCLER SPA NPV | 11 798.00 | 576 568.26 | 0.17 |
| Total Italy |  | 2 124 404.18 | 0.61 |
| Japan |  |  |  |
| JPY	NIPPON TEL&TEL CP NPV | 38 700.00 | 846 884.19 | 0.24 |
| JPY	SOFTBANK GROUP CO NPV | 21 100.00 | 1 515 839.04 | 0.43 |
| JPY	SONY CORP NPV | 13 200.00 | 1 178 511.09 | 0.34 |
| JPY	TAKEDA PHARMACEUTI NPV | 33 500.00 | 1 027 926.64 | 0.29 |
| Total Japan |  | 4 569 160.96 | 1.30 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Semi-Annual Report as of 31 March 2021
| Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| The Netherlands |  |  |  |
| EUR	ADYEN NV EUR0.01 | 559.00 | 1 064 056.50 | 0.30 |
| EUR	ASML HOLDING NV EUR0.09 | 4 574.00 | 2 364 758.00 | 0.68 |
| EUR	KONINKLIJKE DSM NV EUR1.5 | 3 167.00 | 456 998.10 | 0.13 |
| EUR	NN GROUP N.V. EUR0.12 | 28 236.00 | 1 177 158.84 | 0.34 |
| EUR	PROSUS N.V. EUR0.05 | 16 544.00 | 1 568 371.20 | 0.45 |
| Total The Netherlands |  | 6 631 342.64 | 1.90 |
| Norway |  |  |  |  |
| NOK | MOWI ASA NOK7.50 | 47 868.00 | 1 012 440.97 | 0.29 |
| Total Norway | 1 012 440.97 | 0.29 |
| Sweden |  |  |  |  |
| SEK | CINT GROUP AB | 14 857.00 | 119 502.62 | 0.03 |
| SEK | EVOLUTION GAMING NPV | 7 858.00 | 986 443.21 | 0.28 |
| SEK | NORDNET AB NPV | 34 076.00 | 469 015.09 | 0.14 |
| SEK | SANDVIK AB NPV (POST SPLIT) | 40 634.00 | 946 409.54 | 0.27 |
| SEK | SWEDISH MATCH NPV | 10 341.00 | 688 237.97 | 0.20 |
| SEK | VOLVO AB SER’B’NPV (POST SPLIT) | 49 678.00 | 1 071 220.59 | 0.31 |
| Total Sweden |  | 4 280 829.02 | 1.23 |
| Switzerland |  |  |  |
| CHF	ALCON AG CHF0.04 | 16 738.00 | 1 001 434.95 | 0.28 |
| CHF	CREDIT SUISSE GRP CHF0.04(REGD) | 82 590.00 | 739 337.62 | 0.21 |
| CHF	LONZA GROUP AG CHF1(REGD) | 1 815.00 | 867 025.47 | 0.25 |
| CHF	NESTLE SA CHF0.10(REGD) | 20 216.00 | 1 925 222.64 | 0.55 |
| CHF	NOVARTIS AG CHF0.50(REGD) | 14 505.00 | 1 059 156.74 | 0.30 |
| CHF	SIKA AG CHF0.01 (REG) | 3 257.00 | 795 012.47 | 0.23 |
| CHF	SOFTWAREONE HLD AG CHF0.01 | 29 580.00 | 652 499.85 | 0.19 |
| Total Switzerland |  | 7 039 689.74 | 2.01 |
| United Kingdom |  |  |  |
| GBP	ANGLO AMERICAN USD0.54945 | 43 438.00 | 1 449 459.96 | 0.41 |
| GBP	ASHTEAD GROUP ORD GBP0.10 | 33 770.00 | 1 715 354.49 | 0.49 |
| GBP	BARCLAYS ORD GBP0.25 | 614 396.00 | 1 340 943.31 | 0.38 |
| GBP	CAIRN ENERGY PLC ORD GBP0.01615384615 | 105 207.00 | 210 203.58 | 0.06 |
| GBP	IMI ORD GBP0.2857 | 7 627.00 | 119 438.82 | 0.03 |
| GBP	LONDON STOCK EXCH ORD GBP0.06918604 | 10 606.00 | 864 066.21 | 0.25 |
| GBP	PRUDENTIAL ORD GBP0.05 | 87 349.00 | 1 579 630.72 | 0.45 |
| GBP	RIO TINTO ORD GBP0.10 | 14 140.00 | 921 251.74 | 0.26 |
| EUR	STELLANTIS N V COM EUR0.01 | 52 899.00 | 797 928.52 | 0.23 |
| EUR	UNILEVER PLC ORD GBP0.031111 | 1 400.00 | 67 032.00 | 0.02 |
| EUR	UNILEVER PLC ORD GBP0.031111 | 18 182.00 | 865 099.56 | 0.25 |
| Total United Kingdom |  | 9 930 408.91 | 2.83 |
| United States |  |  |  |
| USD	10X GENOMICS INC COM USD0.00001 CLASS A | 2 474.00 | 381 004.00 | 0.11 |
| USD	ABBOTT LABS COM | 6 515.00 | 664 304.94 | 0.19 |
| USD	ABBVIE INC COM USD0.01 | 25 634.00 | 2 360 343.30 | 0.68 |
| USD	ADVANCED MICRO DEV COM USD0.01 | 10 681.00 | 713 399.56 | 0.20 |
| USD	AGCO CORP COM USD0.01 | 6 419.00 | 784 556.58 | 0.23 |
| USD	ALEXION PHARMACEUT COM USD0.0001 | 3 778.00 | 491 528.95 | 0.14 |
| USD	ALPHABET INC CAP STK USD0.001 CL A | 1 949.00 | 3 420 276.93 | 0.98 |
| USD	AMAZON COM INC COM USD0.01 | 2 498.00 | 6 576 203.39 | 1.88 |
| USD	AMERIPRISE FINL INC COM | 8 410.00 | 1 663 323.83 | 0.48 |
| USD	APPLE INC COM NPV | 38 781.00 | 4 030 544.67 | 1.15 |
| USD	APPLIED MATLS INC COM | 7 417.00 | 843 113.42 | 0.24 |
| USD	AUTODESK INC COM USD0.01 | 4 199.00 | 990 175.15 | 0.28 |
| USD	AVALONBAY COMMUNI COM USD0.01 | 8 700.00 | 1 365 810.43 | 0.39 |
| USD	AVANTOR INC COM USD0.01 | 34 208.00 | 842 029.64 | 0.24 |
| USD	BOOKING HLDGS INC COM USD0.008 | 414.00 | 820 687.28 | 0.24 |
| USD	BUNGE LIMITED COM USD0.01 | 13 853.00 | 934 337.87 | 0.27 |
| USD	CF INDS HLDGS INC COM | 19 038.00 | 735 084.18 | 0.21 |
| USD	COMCAST CORP COM CLS’A’ USD0.01 | 36 708.00 | 1 690 010.96 | 0.48 |
| USD	CONOCOPHILLIPS COM USD0.01 | 7 311.00 | 329 501.97 | 0.10 |
| USD	COOPER COS INC COM USD0.10 | 1 542.00 | 503 928.17 | 0.14 |
| USD	DOLLAR GENERAL CP COM USD0.875 | 4 571.00 | 788 033.71 | 0.23 |
| USD	DOLLAR TREE INC | 14 835.00 | 1 444 749.51 | 0.41 |
| USD	FACEBOOK INC COM USD0.000006 CL ‘A’ | 9 890.00 | 2 478 432.49 | 0.71 |
| USD	FIDELITY NATL INF COM STK USD0.01 | 13 008.00 | 1 556 245.11 | 0.45 |
| USD	GODADDY INC COM CL A USD0.001 | 8 024.00 | 529 926.73 | 0.15 |
| USD	HESS CORPORATION COM USD1 | 25 783.00 | 1 552 288.85 | 0.44 |
| USD	IAC/INTERACTIVECOR COM USD0.001 | 3 390.00 | 623 918.06 | 0.18 |
| USD	INGERSOLL RAND INC COM USD1.00 | 30 269.00 | 1 267 367.90 | 0.36 |
| USD	IQVIA HOLDINGS INC COM USD0.01 | 4 645.00 | 763 324.51 | 0.22 |
| USD	LOWE’S COS INC COM USD0.50 | 6 765.00 | 1 094 671.74 | 0.31 |
| USD	LYFT INC COM USD0.00001 CLASS A | 18 085.00 | 972 186.08 | 0.28 |
| USD	MADISON SQUARE G.E COM USD0.01 CLASS A | 6 646.00 | 462 556.63 | 0.13 |
| USD	MASTERCARD INC COM USD0.0001 CLASS ‘A’ | 3 626.00 | 1 098 474.69 | 0.32 |
| USD	MATCH GRP INC NEW COM NPV | 5 202.00 | 608 058.16 | 0.17 |
| USD	MCDONALD’S CORP COM USD0.01 | 3 918.00 | 747 196.90 | 0.21 |
| USD	MICRON TECHNOLOGY COM USD0.10 | 12 203.00 | 915 873.93 | 0.26 |
| USD	MICROSOFT CORP COM USD0.0000125 | 38 945.00 | 7 812 526.72 | 2.24 |
| USD	MONDELEZ INTL INC COM USD0.01 | 22 301.00 | 1 110 590.94 | 0.32 |
| USD	NETFLIX INC COM USD0.001 | 1 043.00 | 462 938.30 | 0.13 |
| USD	NVIDIA CORP COM USD0.001 | 992.00 | 450 658.18 | 0.13 |
| USD	PPD INC COM USD0.01 | 17 442.00 | 561 563.24 | 0.16 |
| USD	ROCKWELL AUTOMATIO COM USD1 | 2 181.00 | 492 576.06 | 0.14 |
| USD	SALESFORCE.COM INC COM USD0.001 | 9 673.00 | 1 743 740.76 | 0.50 |
| USD	SCHWAB(CHARLES)CP COM USD0.01 | 8 220.00 | 455 866.25 | 0.13 |
| USD	SERVICENOW INC COM USD0.001 | 2 516.00 | 1 070 600.49 | 0.31 |
| USD	SHOALS TECHNOLOGIE COM USD0.00001 CLASS A | 7 501.00 | 221 972.93 | 0.06 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Semi-Annual Report as of 31 March 2021
|  | Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Unrealized gain | of net |
|  |  |  | (loss) on Futures/ | assets |
|  |  |  | Forward |  |
|  |  |  | Exchange Contracts/ |  |
|  |  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | SOUTHWEST AIRLINES COM USD1 | 33 200.00 | 1 724 829.41 | 0.49 |
| USD | STARBUCKS CORP COM USD0.001 | 24 245.00 | 2 254 106.31 | 0.65 |
| USD | TERMINIX GLOBAL HO COM USD0.01 | 15 717.00 | 637 479.27 | 0.18 |
| USD | TESLA INC COM USD0.001 | 1 481.00 | 841 661.13 | 0.24 |
| USD | TJX COS INC COM USD1 | 15 707.00 | 884 044.97 | 0.25 |
| USD | ULTA BEAUTY INC COM STK USD0.01 | 3 342.00 | 879 133.95 | 0.25 |
| USD | UNION PACIFIC CORP COM USD2.50 | 3 210.00 | 601 987.66 | 0.17 |
| USD | UNITED RENTALS INC COM | 2 945.00 | 825 166.30 | 0.24 |
| USD | UNITEDHEALTH GRP COM USD0.01 | 6 709.00 | 2 123 898.26 | 0.61 |
| USD | VAIL RESORTS INC COM | 3 622.00 | 898 827.98 | 0.26 |
| USD | VISA INC COM STK USD0.0001 | 10 120.00 | 1 823 115.46 | 0.52 |
| USD | VOYA FINL INC COM USD0.01 | 16 128.00 | 873 296.96 | 0.25 |
| USD | WELLS FARGO & CO COM USD1 2/3 | 61 823.00 | 2 055 155.80 | 0.59 |
| USD | WESTERN DIGITAL CORP COM | 10 459.00 | 594 008.55 | 0.17 |
| USD | WILLIAMS COS INC COM USD1 | 39 400.00 | 794 168.29 | 0.23 |
| Total United States | 79 237 384.39 | 22.68 |
| Total Registered shares | 129 857 175.60 | 37.16 |
| Depository receipts |  |  |
| China |  |  |
| USD	ALIBABA GROUP HLDG SPON ADS EACH REP ONE ORD-ADR	1 747.00 | 337 018.05 | 0.10 |
| Total China | 337 018.05 | 0.10 |
| Germany |  |  |  |  |
| USD | BIONTECH SE SPON ADS EACH REP 1 ORD SHS | 3 041.00 | 282 520.88 | 0.08 |
| Total Germany |  | 282 520.88 | 0.08 |
| Singapore |  |  |  |
| USD	SEA LTD ADS EACH REP ONE CL A SHS | 2 800.00 | 531 816.56 | 0.15 |
| Total Singapore |  | 531 816.56 | 0.15 |
| Total Depository receipts |  | 1 151 355.49 | 0.33 |
| Certificates on commodities |  |  |  |
| Ireland |  |  |  |
| USD	ISHARES PHYSICAL GOLD ETC 11-PRP	353 187.00 | 9 999 402.22 | 2.86 |
| Total Ireland | 9 999 402.22 | 2.86 |
| Total Certificates on commodities | 9 999 402.22 | 2.86 |

Notes, fixed rate
| AUD |  |
| --- | --- |
| AUD | AUSTRALIA 5.50000% 11-21.04.23 | 1 045 000.00 | 752 643.79 | 0.22 |
| Total AUD |  | 752 643.79 | 0.22 |
| Total Notes, fixed rate |  | 752 643.79 | 0.22 |
| Bonds, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	AUSTRALIA 2.75000% 12-21.04.24 | 4 585 000.00 | 3 210 218.89 | 0.92 |
| AUD	AUSTRALIA-REG-S 1.00000% 20-21.12.30 | 3 955 000.00 | 2 393 559.75 | 0.69 |
| AUD	AUSTRALIA-REG-S 1.75000% 20-21.06.51 | 415 000.00 | 215 157.08 | 0.06 |
| AUD	AUSTRALIA-REG-S 2.25000% 16-21.05.28 | 1 755 000.00 | 1 213 933.11 | 0.35 |
| AUD	AUSTRALIA-REG-S 2.75000% 14-21.06.35 | 1 980 000.00 | 1 377 597.97 | 0.39 |
| AUD	AUSTRALIA-REG-S 2.75000% 16-21.11.27 | 2 560 000.00 | 1 828 899.41 | 0.52 |
| AUD	AUSTRALIA-REG-S 3.00000% 16-21.03.47 | 800 000.00 | 551 348.28 | 0.16 |
| AUD	AUSTRALIA-REG-S 3.25000% 13-21.04.25 | 2 530 000.00 | 1 821 026.15 | 0.52 |
| AUD	QUEENSLAND TREASURY CORP-REG-S 4.25000% 12-21.07.23 | 493 000.00 | 349 190.06 | 0.10 |
| Total AUD |  | 12 960 930.70 | 3.71 |
| CAD |  |  |  |
| CAD	CANADA, GOVERNMENT 0.75000% 16-01.09.21 | 3 035 000.00 | 2 060 082.11 | 0.59 |
| CAD	CANADA, GOVERNMENT 0.50000% 16-01.03.22 | 3 420 000.00 | 2 322 915.39 | 0.66 |
| CAD	CANADA, GOVERNMENT 2.75000% 14-01.12.64 | 1 100 000.00 | 910 821.18 | 0.26 |
| CAD	CANADA, GOVERNMENT 2.75000% 14-01.12.48 | 1 095 000.00 | 863 368.12 | 0.25 |
| CAD	CANADA, GOVERNMENT 2.25000% 14-01.06.25 | 2 675 000.00 | 1 919 287.80 | 0.55 |
| CAD	CANADA, GOVERNMENT 3.25000% 10-01.06.21 | 5 380 000.00 | 3 661 533.84 | 1.05 |
| CAD	CANADA, GOVERNMENT 3.50000% 11-01.12.45 | 1 230 000.00 | 1 081 704.97 | 0.31 |
| CAD	CANADA, GOVERNMENT 5.75000% 01-01.06.33 | 1 125 000.00 | 1 097 898.26 | 0.31 |
| Total CAD |  | 13 917 611.67 | 3.98 |
| EUR |  |  |  |
| EUR	GERMANY, REPUBLIC OF 1.50000% 14-15.05.24 | 310 000.00 | 331 717.36 | 0.10 |
| EUR	GERMANY, REPUBLIC OF 4.75000% 98-04.07.28 | 365 000.00 | 508 131.10 | 0.15 |
| EUR	GERMANY, REPUBLIC OF 4.00000% 05-04.01.37 | 450 000.00 | 740 674.80 | 0.21 |
| EUR	GERMANY, REPUBLIC OF 2.25000% 11-04.09.21 | 150 000.00 | 151 789.20 | 0.04 |
| EUR	ITALY, REPUBLIC OF-BTP 4.00000% 05-01.02.37 | 720 000.00 | 1 017 792.00 | 0.29 |
| EUR	ITALY, REPUBLIC OF-BTP 2.20000% 17-01.06.27 | 1 520 000.00 | 1 707 416.00 | 0.49 |
| Total EUR |  | 4 457 520.46 | 1.28 |
| Total Bonds, fixed rate |  | 31 336 062.83 | 8.97 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.00000% 07-15.05.37 | 2 790 000.00 | 3 333 143.33 | 0.96 |
| USD	AMERICA, UNITED STATES OF 3.62500% 14-15.02.44 | 6 615 000.00 | 6 919 353.03 | 1.98 |
| USD	AMERICA, UNITED STATES OF 1.37500% 20-15.08.50 | 5 055 000.00 | 3 356 147.11 | 0.96 |
| USD	AMERICA, UNITED STATES OF 1.87500% 17-30.09.22 | 9 645 000.00 | 8 420 231.00 | 2.41 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Semi-Annual Report as of 31 March 2021
|  | Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | AMERICA, UNITED STATES OF 2.37500% 14-15.08.24 | 11 730 000.00 | 10 621 751.13 | 3.04 |
| USD | AMERICA, UNITED STATES OF 2.00000% 15-15.02.25 | 10 230 000.00 | 9 167 589.21 | 2.62 |
| USD | AMERICA, UNITED STATES OF 2.50000% 14-15.05.24 | 11 330 000.00 | 10 274 229.19 | 2.94 |
| Total USD |  |  | 52 092 444.00 | 14.91 |
| Total Treasury notes, fixed rate |  | 52 092 444.00 | 14.91 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 286 288 885.23 | 81.93 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Treasury bills, zero coupon |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 23.04.20-22.04.21 | 3 000 000.00 | 2 552 524.90 | 0.73 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 05.11.20-06.05.21 | 4 300 000.00 | 3 658 595.89 | 1.05 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 03.12.20-03.06.21 | 300 000.00 | 255 247.28 | 0.07 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 07.01.21-08.07.21 | 4 000 000.00 | 3 403 212.66 | 0.97 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 28.01.21-29.07.21 | 5 000 000.00 | 4 253 951.71 | 1.22 |
| Total USD |  | 14 123 532.44 | 4.04 |
| Total Treasury bills, zero coupon | 14 123 532.44 | 4.04 |
| Total Transferable securities and money market instruments traded on another regulated market | 14 123 532.44 | 4.04 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |  |
| Investment funds, open end |  |  |
| Luxembourg |  |  |
| USD	UBS (LUX) BOND SICAV - ASIAN HIGH YIELD U-X-ACC	1 361.00 | 14 522 968.94 | 4.16 |
| USD	UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC	247.45 | 8 296 015.48 | 2.37 |
| EUR	UBS (LUX) MONEY MARKET FUND - EUR U-X-ACC	1.00 | 10 185.20 | 0.00 |
| Total Luxembourg | 22 829 169.62 | 6.53 |
| Total Investment funds, open end | 22 829 169.62 | 6.53 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 22 829 169.62 | 6.53 |
| Total investments in securities | 323 241 587.29 | 92.50 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange |
| Financial Futures on bonds |
|  |  |  |  |
| EUR	EURO-BUND FUTURE 08.06.21 | 29.00 | -18 560.00 | -0.01 |
| GBP	LONG GILT FUTURE 28.06.21 | -70.00 | 62 252.61 | 0.02 |
| USD	US 10YR TREASURY NOTE FUTURE 21.06.21 | -22.00 | 62 377.69 | 0.02 |
| USD	US 5YR TREASURY NOTE FUTURE 30.06.21 | 107.00 | -137 272.08 | -0.04 |
| USD	US 2YR TREASURY NOTE FUTURE 30.06.21 | 253.00 | -45 400.75 | -0.01 |
| Total Financial Futures on bonds |  | -76 602.53 | -0.02 |
| Financial Futures on Indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 18.06.21 | -986.00 | -783 870.00 | -0.23 |
| EUR	DAX INDEX FUTURE 18.06.21 | 30.00 | 341 625.00 | 0.10 |
| EUR	EURO STOXX BANKS PRICE INDEX FUTURE 18.06.21 | 2 435.00 | 38 645.50 | 0.01 |
| CHF	SWISS MARKET INDEX FUTURE 18.06.21 | -123.00 | -213 500.43 | -0.06 |
| GBP	FTSE 100 INDEX FUTURE 18.06.21 | 53.00 | -37 952.61 | -0.01 |
| SEK	OMX 30 INDEX FUTURE 16.04.21 | -395.00 | -106 928.10 | -0.03 |
| USD	S&P500 EMINI FUTURE 18.06.21 | -159.00 | -62 230.92 | -0.02 |
| JPY	TOPIX INDX FUTURE 10.06.21 | 152.00 | 907 056.37 | 0.26 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 18.06.21 | 318.00 | -327 584.45 | -0.10 |
| CAD	S&P/TSX 60 INDEX FUTURE 17.06.21 | 30.00 | -8 692.26 | 0.00 |
| USD	E-MINI RUSSELL 1000 VALUE INDEX FUTURE 18.06.21 | 479.00 | -218 112.40 | -0.06 |
| Total Financial Futures on Indices | -471 544.30 | -0.14 |
| Total Derivative instruments listed on an official stock exchange | -548 146.83 | -0.16 |
| Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  |  |
| Credit default swaps* |  |  |
|  |  |  |
| USD	ICE/MARKIT CDX.EM.3 CDI PAY 1.00000% 21-20.12.25	-21 500 000.00 | 883 021.99 | 0.25 |
| USD	ICE/MARKIT CDX.EM.35 CDI REC 1.00000% 20-20.06.26	21 500 000.00 | -755 970.63 | -0.21 |
| USD	ICE/MARKIT CDX.NA.HY CDI REC 5.00000% 21-20.06.26	34 450 000.00 | 2 691 599.02 | 0.77 |
| Total Credit default swaps | 2 818 650.38 | 0.81 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market | 2 818 650.38 | 0.81 |
| Total Derivative instruments | 2 270 503.55 | 0.65 |
| * Positive nominal: the subfund is “Receiver of protection”, negative nominal: the subfund is “Seller of protection”. |  |  |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Semi-Annual Report as of 31 March 2021
| Description	Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |

Forward Foreign Exchange contracts
Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date
| EUR | 7 593 079.85 | GBP | 6 578 272.32 | 20.5.2021 | -122 638.82 | -0.04 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 13 038 715.56 | NZD | 21 655 000.00 | 20.5.2021 | 149 153.20 | 0.04 |
| PLN | 13 870 000.00 | EUR | 3 052 742.10 | 20.5.2021 | -64 377.06 | -0.02 |
| NOK | 81 446 918.42 | EUR | 7 952 811.42 | 20.5.2021 | 157 093.26 | 0.03 |
| EUR | 2 790 988.71 | HKD | 26 249 999.57 | 20.5.2021 | -79 290.23 | -0.02 |
| EUR | 14 874 700.52 | CAD | 22 730 193.49 | 20.5.2021 | -498 355.88 | -0.14 |
| EUR | 29 327 635.92 | AUD | 45 402 259.80 | 20.5.2021 | -71 861.83 | -0.02 |
| EUR | 162 314 989.79 | USD | 196 799 783.26 | 20.5.2021 | -4 962 019.42 | -1.42 |
| JPY | 380 473 523.00 | EUR | 2 937 825.29 | 20.5.2021 | -9 721.14 | 0.00 |
| EUR | 23 435 692.48 | CHF | 25 951 572.66 | 20.5.2021 | -32 749.18 | -0.01 |
| EUR | 6 791 239.10 | SEK | 68 814 097.80 | 20.5.2021 | 77 650.79 | 0.02 |
| EUR | 4 493 415.28 | DKK | 33 428 000.00 | 20.5.2021 | -486.18 | 0.00 |
| EUR | 173 539.65 | ZAR | 3 161 456.85 | 20.5.2021 | -7 277.01 | 0.00 |
| MXN | 62 930 000.00 | EUR | 2 500 295.01 | 20.5.2021 | 100 188.06 | 0.03 |
| EUR | 4 005 805.44 | USD | 4 840 000.00 | 20.5.2021 | -108 125.54 | -0.03 |
| EUR | 1 798 177.91 | CHF | 2 000 000.00 | 20.5.2021 | -10 455.58 | 0.00 |
| EUR | 1 156 582.54 | GBP | 1 000 000.00 | 20.5.2021 | -16 327.05 | 0.00 |
| EUR | 1 953 255.82 | USD | 2 330 000.00 | 20.5.2021 | -27 210.95 | -0.01 |
| NOK | 34 580 955.85 | JPY | 443 780 000.00 | 20.5.2021 | 28 033.37 | 0.01 |
| EUR | 6 851 106.31 | JPY | 887 560 000.00 | 20.5.2021 | 20 491.40 | 0.01 |
| USD | 350 000.00 | EUR | 292 982.43 | 20.5.2021 | 4 512.58 | 0.00 |
| CAD | 48 116 800.00 | EUR | 32 293 197.71 | 19.4.2021 | 271 083.66 | 0.08 |
| GBP | 25 781 700.00 | EUR | 29 875 331.44 | 19.4.2021 | 382 248.93 | 0.11 |
| EUR | 207 116.65 | SEK | 2 100 000.00 | 20.5.2021 | 2 238.06 | 0.00 |
| EUR | 467 261.28 | GBP | 400 000.00 | 20.5.2021 | -1 902.55 | 0.00 |
| USD | 15 826 157.83 | TWD | 446 630 000.00 | 11.6.2021 | 20 146.01 | 0.01 |
| USD | 7 889 324.74 | KRW | 8 909 730 000.00 | 11.6.2021 | -9 525.23 | 0.00 |
| BRL | 58 360 000.00 | USD | 10 532 775.05 | 11.6.2021 | -206 186.90 | -0.06 |
| COP | 33 246 550 000.00 | USD | 9 267 356.84 | 11.6.2021 | -199 980.60 | -0.06 |
| EUR | 926 924.73 | GBP | 800 000.00 | 20.5.2021 | -11 402.94 | 0.00 |
| USD | 210 000.00 | EUR | 177 300.92 | 20.5.2021 | 1 196.09 | 0.00 |
| EUR | 87 174.49 | GBP | 75 200.00 | 19.4.2021 | -1 080.75 | 0.00 |
| USD | 1 660 000.00 | EUR | 1 406 579.76 | 20.5.2021 | 4 396.57 | 0.00 |
| AUD | 5 400 000.00 | EUR | 3 489 068.55 | 20.5.2021 | 7 613.96 | 0.00 |
| AUD | 5 400 000.00 | USD | 4 118 931.00 | 20.5.2021 | -4 354.68 | 0.00 |
| USD | 4 078 487.77 | PHP | 198 500 000.00 | 11.6.2021 | 13 150.36 | 0.00 |
| EUR | 217 004.69 | CHF | 240 000.00 | 20.5.2021 | -31.33 | 0.00 |
| USD | 1 120 000.00 | EUR | 953 760.09 | 20.5.2021 | -1 776.06 | 0.00 |
| EUR | 526 510.10 | SEK | 5 400 000.00 | 20.5.2021 | -320.56 | 0.00 |
| EUR | 442 501.33 | USD | 520 000.00 | 20.5.2021 | 508.75 | 0.00 |
| Total Forward Foreign Exchange contracts | -5 207 752.42 | -1.49 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 30 130 056.82** | 8.62 |
| Bank overdraft and other short-term liabilities | -514 250.31 | -0.15 |
| Other assets and liabilities | -486 103.58 | -0.13 |
| Total net assets | 349 434 041.35 | 100.00 |
| * Positive nominal: the subfund is “Receiver of protection”, negative nominal: the subfund is “Seller of protection”. ** As at 31 March 2021, cash amounts serve as collateral for the counterparty Goldman Sachs for an amount of EUR 511 358.80 and JP Morgan for an amount of EUR 536 033.35. |  |  |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Semi-Annual Report as of 31 March 2021

Translation (ENFR, 2021-03-31):
# UBS (Lux) Key Selection SICAV – Global Allocation (EUR)
| Données principales |  |
| --- | --- |
|  | ISIN | 31.3.2021 | 30.9.2020 | 30.9.2019 |
| Actif net en EUR |  | 349 434 041.35 | 299 205 464.13 | 328 913 271.81 |
| Catégorie I-A2-acc 1 | LU0423399384 |  |  |  |
| Actions en circulation |  | - | - | 15 048.7340 |
| Valeur nette d’inventaire par action en EUR |  | - | - | 109.93 |
| Prix d’émission et de rachat par action en EUR 2 |  | - | - | 109.93 |
| Catégorie (CAD hedged) I-X-dist | LU0423402782 |  |  |  |
| Actions en circulation |  | 225 387.5640 | 231 310.7990 | 200 843.8660 |
| Valeur nette d’inventaire par action en CAD |  | 129.02 | 115.35 | 111.78 |
| Prix d’émission et de rachat par action en CAD 2 |  | 129.02 | 115.35 | 111.78 |
| Catégorie N-6%-mdist | LU1121266784 |  |  |  |
| Actions en circulation |  | 106 993.1840 | 101 614.2390 | 108 111.1550 |
| Valeur nette d’inventaire par action en EUR |  | 83.41 | 76.75 | 80.24 |
| Prix d’émission et de rachat par action en EUR 2 |  | 83.41 | 76.75 | 80.24 |
| Catégorie N-acc | LU0423397842 |  |  |  |
| Actions en circulation |  | 19 325.9500 | 22 697.9000 | 22 587.5120 |
| Valeur nette d’inventaire par action en EUR |  | 157.83 | 141.08 | 139.06 |
| Prix d’émission et de rachat par action en EUR 2 |  | 157.83 | 141.08 | 139.06 |
| Catégorie P-acc | LU0197216558 |  |  |  |
| Actions en circulation |  | 14 684 325.2110 | 14 046 893.3860 | 16 017 058.2640 |
| Valeur nette d’inventaire par action en EUR |  | 16.55 | 14.76 | 14.48 |
| Prix d’émission et de rachat par action en EUR 2 |  | 16.55 | 14.76 | 14.48 |
| Catégorie (CAD hedged) P-acc | LU0218832045 |  |  |  |
| Actions en circulation |  | 959 054.2520 | 988 351.3610 | 1 050 616.4490 |
| Valeur nette d’inventaire par action en CAD |  | 16.36 | 14.54 | 14.09 |
| Prix d’émission et de rachat par action en CAD 2 |  | 16.36 | 14.54 | 14.09 |
| Catégorie (GBP hedged) P-acc | LU0678606244 |  |  |  |
| Actions en circulation |  | 1 190 605.5050 | 1 179 414.8470 | 1 279 381.7290 |
| Valeur nette d’inventaire par action en GBP |  | 17.58 | 15.64 | 15.34 |
| Prix d’émission et de rachat par action en GBP 2 |  | 17.58 | 15.64 | 15.34 |
| Catégorie Q-acc | LU0423398907 |  |  |  |
| Actions en circulation |  | 167 903.8770 | 158 383.5430 | 175 222.2070 |
| Valeur nette d’inventaire par action en EUR |  | 189.19 | 167.87 | 163.03 |
| Prix d’émission et de rachat par action en EUR 2 |  | 189.19 | 167.87 | 163.03 |
| Catégorie (CAD hedged) Q-acc | LU0423401628 |  |  |  |
| Actions en circulation |  | 21 941.1640 | 28 250.6620 | 33 560.7960 |
| Valeur nette d’inventaire par action en CAD |  | 145.46 | 128.62 | 123.41 |
| Prix d’émission et de rachat par action en CAD 2 |  | 145.46 | 128.62 | 123.41 |
| Catégorie (GBP hedged) Q-acc | LU1240794971 |  |  |  |
| Actions en circulation |  | 34 097.8580 | 39 649.9600 | 29 919.4080 |
| Valeur nette d’inventaire par action en GBP |  | 140.69 | 124.49 | 120.86 |
| Prix d’émission et de rachat par action en GBP 2 |  | 140.69 | 124.49 | 120.86 |
| 1  La catégorie d’actions I-A2-acc était en circulation jusqu’au 22.10.2019 2  Voir note 1 |  |  |  |  |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Rapport semestriel au 31 mars 2021

## Structure du portefeuille-titres
Répartition géographique en % de l’actif net	
Etats-Unis	47.37
Luxembourg	6.53
Grande-Bretagne	4.92
Canada	4.14
Australie	3.92
France	3.54
Irlande	3.52
Pays-Bas	3.19
Allemagne	3.19
Suisse	2.12
Japon	1.88
Italie	1.80
Suède	1.22
Danemark	1.13
Finlande	1.06
Espagne	0.89
Hong Kong	0.71
Autriche	0.33
Belgique	0.30
Norvège	0.29
Bermudes	0.20
Singapour	0.15
Chine	0.10
Total	92.50
Répartition économique en % de l’actif net	
Gouvernements nationaux et centraux	28.03
Internet, logiciels et services informatiques	10.95
Fonds de placement	6.53
Produits pharmaceutiques, cosmétiques & médicaux	4.71
Banques & instituts de crédit	4.68
Etablissements financiers et sociétés de participation	3.69
Electronique et semi-conducteurs	3.59
Commerce de détail, centres commerciaux	2.91
Emetteurs d’obligations sécurisées (Pfandbriefe)
et sociétés de refinancement	2.86
Assurances	2.52
Alimentation & softs	1.79
Restauration et loisirs	1.59
Télécommunications	1.55
Véhicules	1.38
Trafic et transport	1.33
Equipement informatique et de réseau	1.32
Distribution d’énergie & d’eau	1.15
Chimie	1.14
Machines et appareils	1.02
Textiles, habillement & maroquinerie	0.96
Appareils et composants électriques	0.96
Pétrole	0.87
Soins de santé & services sociaux	0.85
Services divers	0.80
Tabac et boissons alcoolisées	0.71
Métaux non ferreux	0.68
Industrie graphique, édition et médias	0.66
Biotechnologie	0.63
Bâtiment et matériaux de construction	0.50
Biens d’équipement divers	0.48
Immobilier	0.39
Environnement et recyclage	0.29
Agriculture et pêche	0.29
Pneus et caoutchouc	0.29
Diverses sociétés non classées	0.19
Industrie aéronautique et spatiale	0.11
Cantons, Etats fédéraux	0.10
Total	92.50
UBS (Lux) Key Selection SICAV – Global Allocation (EUR)
Rapport semestriel au 31 mars 2021

## Etat des actifs nets
Actif	31.3.2021
EUR
Portefeuille-titres, cours d’achat	269 511 340.61
Portefeuille-titres, plus-/(moins)-value non réalisée		53 730 246.68	
Total du Portefeuille-titres (note 1)	323 241 587.29
Avoirs en banque, dépôts à vue et à terme	18 513 396.16*
Autres liquidités (marges)	11 616 660.66
Créances sur achats de titres (note 1)	528 549.87
Créances sur souscriptions	168 262.03
Intérêts à recevoir sur titres	546 916.09
Intérêts à recevoir sur liquidités	5 785.64
Créances sur dividendes	212 496.84
Autres créances	219 996.83
Bénéfice non réalisé sur swaps (note 1)	2 818 650.38
Perte non réalisée sur contrats financiers à terme (note 1)	-548 146.83
Perte non réalisée sur contrats de change à terme (note 1)	-5 207 752.42
Crédit en compte courant	-514 250.31
Intérêts à payer sur crédit en compte courant	-1 543.91
Engagements sur achats de titres (note 1)	-1 228 089.01
Engagements sur rachats	-380 230.58
Autres engagements	-155 523.84
Provisions pour commission de gestion forfaitaire (note 2)	-334 065.52
Provisions pour taxe d’abonnement (note 3)	-38 985.51
Provisions pour autres commissions et frais (note 2)		-29 672.51		 Total des Provisions pour frais			-402 723.54
Actif net à la fin de la période	349 434 041.35

## Etat des opérations
Revenus	1.10.2020-31.3.2021
EUR
Revenus d’intérêts sur liquidités	6 945.70
Intérêts sur titres	951 039.97
Dividendes (note 1)	767 433.31
Revenus d’intérêts sur swaps (note 1)	827 223.49
Revenus sur prêts de titres (note 14)	70 135.58
Total des Revenus	2 626 278.02
Charges
Autres revenus (note 4)	3 499.97
Charges d’intérêts sur swaps (note 1)	-57 532.89
Commission de gestion forfaitaire (note 2)	-2 941 033.35
Taxe d’abonnement (note 3)	-73 347.14
Frais sur prêts de titres (note 14)	-28 054.23
Autres commissions et frais (note 2)	-29 556.38
Revenus/pertes net(te)s de placements	-535 828.53
Total des Charges	-3 162 106.55
Charges d’intérêts sur liquidités et crédit en compte courant	-32 582.56
Bénéfices/(pertes) réalisé(e)s (note 1)
Bénéfice/(perte) réalisé(e) sur titres évalués à la valeur de marché hors options	10 159 858.39
Bénéfice/(perte) réalisé(e) sur instruments du marché monétaire et titres évalués en fonction des rendements	-328 544.74
Bénéfice/perte réalisé(e) sur contrats financiers à terme	5 648 767.59
Bénéfice/(perte) réalisé(e) sur contrats de change à terme	5 535 026.69
Bénéfice/(perte) réalisé(e) sur swaps	-649 407.82
Bénéfice/(perte) net(te) réalisé(e) au cours de la période	21 149 077.42
Total des Bénéfices/(pertes) réalisé(e)s	21 684 905.95
Bénéfice/(perte) de change réalisé(e)	1 319 205.84
Fluctuations de la plus-/(moins)-value non réalisée (note 1)
Plus-/(moins)-value non réalisée sur titres évalués à la valeur de marché hors options	20 281 010.51
Plus-/(moins)-value non réalisée sur instruments du marché monétaire et titres évalués en fonction des rendements	282 055.23
Plus-/(moins)-value non réalisée sur contrats financiers à terme	-574 982.55
Plus-/(moins)-value non réalisée sur contrats de change à terme	-3 755 535.99
Total des Fluctuations de la plus-/(moins)-value non réalisée	18 814 131.12
Plus-/(moins)-value non réalisée sur swaps	2 581 583.92
Augmentation/(diminution) nette de l’actif net issue de l’activité	39 963 208.54
* Au 31 mars 2021, des avoirs en banque ont été utilisés à titre de garanties, à hauteur de 511 358.80 EUR en faveur de Goldman Sachs et à hauteur de 536 033.35 EUR en faveur de JP Morgan.
UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Rapport semestriel au 31 mars 2021
| Fluctuations de l’actif net |  |
| --- | --- |
|  | EUR |
|  | 1.10.2020-31.3.2021 |
| Actif net au début de la période | 299 205 464.13 |
| Souscriptions | 35 513 383.20 |
| Rachats | 	-24 698 302.69	 |
| Total des Entrées/(sorties) de capitaux | 10 815 080.51 |
| Dividendes versés | -549 711.83 |
| Revenus/pertes net(te)s de placements | -535 828.53 |
| Total des Bénéfices/(pertes) réalisé(e)s | 21 684 905.95 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 	18 814 131.12	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 39 963 208.54 |
| Actif net à la fin de la période | 349 434 041.35 |
| Evolution des actions en circulation |  |
|  | 1.10.2020-31.3.2021 |
| Catégorie | (CAD hedged) I-X-dist |
| Nombre d’actions en circulation au début de la période | 231 310.7990 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -5 923.2350 |
| Nombre d’actions en circulation à la fin de la période | 225 387.5640 |
| Catégorie | N-6%-mdist |
| Nombre d’actions en circulation au début de la période | 101 614.2390 |
| Nombre d’actions émises | 13 101.5660 |
| Nombre d’actions rachetées | -7 722.6210 |
| Nombre d’actions en circulation à la fin de la période | 106 993.1840 |
| Catégorie | N-acc |
| Nombre d’actions en circulation au début de la période | 22 697.9000 |
| Nombre d’actions émises | 348.4990 |
| Nombre d’actions rachetées | -3 720.4490 |
| Nombre d’actions en circulation à la fin de la période | 19 325.9500 |
| Catégorie | P-acc |
| Nombre d’actions en circulation au début de la période | 14 046 893.3860 |
| Nombre d’actions émises | 1 647 690.1920 |
| Nombre d’actions rachetées | -1 010 258.3670 |
| Nombre d’actions en circulation à la fin de la période | 14 684 325.2110 |
| Catégorie | (CAD hedged) P-acc |
| Nombre d’actions en circulation au début de la période | 988 351.3610 |
| Nombre d’actions émises | 32 114.7280 |
| Nombre d’actions rachetées | -61 411.8370 |
| Nombre d’actions en circulation à la fin de la période | 959 054.2520 |
| Catégorie | (GBP hedged) P-acc |
| Nombre d’actions en circulation au début de la période | 1 179 414.8470 |
| Nombre d’actions émises | 89 582.1970 |
| Nombre d’actions rachetées | -78 391.5390 |
| Nombre d’actions en circulation à la fin de la période | 1 190 605.5050 |
| Catégorie | Q-acc |
| Nombre d’actions en circulation au début de la période | 158 383.5430 |
| Nombre d’actions émises | 25 301.9080 |
| Nombre d’actions rachetées | -15 781.5740 |
| Nombre d’actions en circulation à la fin de la période | 167 903.8770 |
| Catégorie | (CAD hedged) Q-acc |
| Nombre d’actions en circulation au début de la période | 28 250.6620 |
| Nombre d’actions émises | 1 571.1170 |
| Nombre d’actions rachetées | -7 880.6150 |
| Nombre d’actions en circulation à la fin de la période | 21 941.1640 |
| Catégorie | (GBP hedged) Q-acc |
| Nombre d’actions en circulation au début de la période | 39 649.9600 |
| Nombre d’actions émises | 2 007.9400 |
| Nombre d’actions rachetées | -7 560.0420 |
| Nombre d’actions en circulation à la fin de la période | 34 097.8580 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR)
Rapport semestriel au 31 mars 2021
| Distribution annuelle 1 |  |
| --- | --- |
| UBS (Lux) Key Selection SICAV – Global Allocation (EUR) | Date de détachement | Date de versement | Devise | Montant par action |
| (CAD hedged) I-X-dist | 1.12.2020 | 4.12.2020 | CAD | 2.05 |
| Distribution mensuelle 1 |  |  |  |  |
| UBS (Lux) Key Selection SICAV – Global Allocation (EUR) | Date de détachement | Date de versement | Devise | Montant par action |
| N-6%-mdist | 12.10.2020 | 15.10.2020 | EUR | 0.38 |
| N-6%-mdist | 10.11.2020 | 13.11.2020 | EUR | 0.37 |
| N-6%-mdist | 10.12.2020 | 15.12.2020 | EUR | 0.40 |
| N-6%-mdist | 11.1.2021 | 14.1.2021 | EUR | 0.41 |
| N-6%-mdist | 10.2.2021 | 15.2.2021 | EUR | 0.41 |
| N-6%-mdist | 10.3.2021 | 15.3.2021 | EUR | 0.41 |
| 1  Voir note 5 |  |  |  |  |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Rapport semestriel au 31 mars 2021

## Etat du portefeuille-titres et autres actifs nets au 31 mars 2021
| Dénomination | Nombre/ | Evaluation en EUR | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
| Titres et instruments du marché monétaire négociés sur une bourse officielle |  |  |  |
| Actions au porteur |  |  |  |
| Autriche |  |  |  |
| EUR	ERSTE GROUP BK AG NPV | 39 460.00 | 1 141 183.20 | 0.33 |
| Total Autriche |  | 1 141 183.20 | 0.33 |
| Bermudes |  |  |  |
| USD	MARVELL TECH GROUP COM USD0.002 | 16 533.00 | 689 003.95 | 0.20 |
| Total Bermudes |  | 689 003.95 | 0.20 |
| Canada |  |  |  |
| CAD	MEG ENERGY CORP COM NPV | 122 021.00 | 538 579.72 | 0.16 |
| Total Canada |  | 538 579.72 | 0.16 |
| Danemark |  |  |  |
| DKK	GENMAB AS DKK1 (BEARER) | 2 146.00 | 602 199.50 | 0.17 |
| Total Danemark |  | 602 199.50 | 0.17 |
| France |  |  |  |
| EUR	AIR LIQUIDE(L’) EUR5.5 (POST-SUBDIVISION) | 7 199.00 | 1 002 820.70 | 0.29 |
| EUR	CAPGEMINI EUR8 | 4 186.00 | 607 388.60 | 0.17 |
| EUR	DANONE EUR0.25 | 15 144.00 | 885 924.00 | 0.25 |
| EUR	EIFFAGE EUR4 | 4 779.00 | 407 935.44 | 0.12 |
| EUR	FAURECIA EUR7 | 900.82 | 40 924.12 | 0.01 |
| EUR	L’OREAL EUR0.20 | 4 227.00 | 1 381 383.60 | 0.40 |
| EUR	LVMH MOET HENNESSY EUR0.30 | 3 938.00 | 2 237 177.80 | 0.64 |
| EUR	SANOFI EUR2 | 15 243.00 | 1 284 222.75 | 0.37 |
| EUR	SCHNEIDER ELECTRIC EUR8 | 12 852.00 | 1 673 973.00 | 0.48 |
| EUR	SOC GENERALE EUR1.25 | 56 636.00 | 1 263 832.34 | 0.36 |
| EUR	TELEPERFORMANCE EUR2.50 | 3 602.00 | 1 119 501.60 | 0.32 |
| EUR	WORLDLINE EUR0.68 | 6 753.00 | 482 434.32 | 0.14 |
| Total France |  | 12 387 518.27 | 3.55 |
| Allemagne |  |  |  |
| EUR	AUTO1 GRP NPV | 4 404.00 | 212 008.56 | 0.06 |
| EUR	CONTINENTAL AG ORD NPV | 8 951.00 | 1 008 777.70 | 0.29 |
| EUR	DERMAPHARM HLDG SE NPV | 9 384.00 | 572 517.84 | 0.16 |
| EUR	SAP AG ORD NPV | 7 375.00 | 770 097.50 | 0.22 |
| EUR	ZALANDO SE NPV | 6 645.00 | 555 787.80 | 0.16 |
| Total Allemagne |  | 3 119 189.40 | 0.89 |
| Hong Kong |  |  |  |
| HKD	AIA GROUP LTD NPV | 158 000.00 | 1 630 611.00 | 0.47 |
| HKD	HONG KONG EXCHANGE HKD1 | 16 800.00 | 840 982.64 | 0.24 |
| Total Hong Kong |  | 2 471 593.64 | 0.71 |
| Irlande |  |  |  |
| EUR	KERRY GROUP ‘A’ORD EUR0.125(DUBLIN LIST | 4 320.00 | 460 944.00 | 0.13 |
| Total Irlande |  | 460 944.00 | 0.13 |
| Italie |  |  |  |
| EUR	BANCA MEDIOLANUM NPV | 101 153.00 | 814 281.65 | 0.23 |
| EUR	INFRASTRUTTURE WIR NPV | 65 725.00 | 624 387.50 | 0.18 |
| Total Italie |  | 1 438 669.15 | 0.41 |
| Japon |  |  |  |
| JPY	FANUC CORP NPV | 5 800.00 | 1 169 417.42 | 0.33 |
| JPY	TECHNOPRO HLDGS IN NPV | 11 700.00 | 830 626.48 | 0.24 |
| Total Japon |  | 2 000 043.90 | 0.57 |
| Pays-Bas |  |  |  |
| EUR	ING GROEP N.V. EUR0.01 | 63 700.00 | 664 518.40 | 0.19 |
| EUR	KONINKLIJKE PHILIPS NV EUR0.20 | 24 357.00 | 1 185 576.98 | 0.34 |
| USD	NXP SEMICONDUCTORS EUR0.20 | 5 778.00 | 989 826.02 | 0.28 |
| EUR	OCI N.V. EUR0.02 | 35 468.00 | 653 675.24 | 0.19 |
| EUR	SHOP APOTHEKE EURO NPV | 2 138.00 | 397 668.00 | 0.11 |
| EUR	WOLTERS KLUWER EUR0.12 | 8 368.00 | 620 236.16 | 0.18 |
| Total Pays-Bas |  | 4 511 500.80 | 1.29 |
| Espagne |  |  |  |
| EUR	AMADEUS IT GROUP EUR0.01 | 12 812.00 | 773 588.56 | 0.22 |
| EUR	EDP RENOVAVEIS SA EUR5 | 55 693.00 | 1 014 726.46 | 0.29 |
| EUR	GRENERGY RENOVABLE EUR0.35 | 9 093.00 | 262 787.70 | 0.08 |
| EUR	IBERDROLA SA EUR0.75 (POST SUBDIVISION) | 96 862.00 | 1 064 029.07 | 0.30 |
| Total Espagne |  | 3 115 131.79 | 0.89 |
| Suisse |  |  |  |
| GBP	WIZZ AIR HLDGS PLC ORD GBP0.0001 | 6 415.00 | 363 128.05 | 0.10 |
| Total Suisse |  | 363 128.05 | 0.10 |
| Grande-Bretagne |  |  |  |
| GBP	ASTRAZENECA ORD USD0.25 | 18 892.00 | 1 607 208.15 | 0.46 |
| GBP	BRIT AMER TOBACCO ORD GBP0.25 | 25 998.00 | 846 607.91 | 0.24 |
| GBP	BT GROUP ORD GBP0.05 | 714 064.00 | 1 297 609.52 | 0.37 |
| GBP	DIPLOMA ORD GBP0.05 | 12 370.00 | 370 002.83 | 0.11 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR)
Rapport semestriel au 31 mars 2021
|  | Dénomination | Nombre/ | Evaluation en EUR | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
|  |  |  |  |  |
| USD | LIVANOVA PLC ORD GBP1.00 (DI) | 13 500.00 | 846 894.41 | 0.24 |
| GBP | SAGE GROUP GBP0.01051948 | 137 760.00 | 991 009.50 | 0.28 |
| GBP | SPECTRIS ORD GBP0.05 | 33 693.00 | 1 315 916.74 | 0.38 |
| Total Grande-Bretagne |  | 7 275 249.06 | 2.08 |
| Etats-Unis |  |  |  |
| USD	AKAMAI TECHNOLOGIES INC COM | 10 225.00 | 886 520.46 | 0.25 |
| USD	BIO RAD LABS INC CL A | 1 775.00 | 862 611.04 | 0.25 |
| USD	BIOMARIN PHARMA COM USD0.001 | 5 518.00 | 354 517.30 | 0.10 |
| USD	BOSTON SCIENTIFIC COM USD0.01 | 22 830.00 | 750 769.59 | 0.21 |
| USD	CADENCE DESIGN SYS COM USD0.01 | 8 636.00 | 1 006 590.35 | 0.29 |
| USD	CIENA CORP COM STK USD0.01 | 19 882.00 | 925 672.63 | 0.26 |
| USD	COHERUS BIOSCIENCE COM USD0.0001 | 7 393.00 | 91 901.42 | 0.03 |
| USD	CORNERSTONE ONDEMA COM USD0.0001 | 16 510.00 | 612 189.06 | 0.18 |
| USD	COUPA SOFTWARE INC COM USD0.0001 | 2 379.00 | 515 109.27 | 0.15 |
| USD	DEXCOM INC COM | 1 562.00 | 477 637.35 | 0.14 |
| USD	F5 NETWORK INC COM STK NPV | 3 206.00 | 569 076.60 | 0.16 |
| USD	FORTINET INC COM USD0.001 | 7 223.00 | 1 133 383.53 | 0.32 |
| USD	HEICO CORP NEW CL A | 4 087.00 | 395 033.78 | 0.11 |
| USD	HILL-ROM HLDGS INC COM STK NPV | 12 885.00 | 1 211 209.73 | 0.35 |
| USD	HUBSPOT INC COM USD0.001 | 2 571.00 | 993 596.45 | 0.28 |
| USD	MARSH & MCLENNAN COM USD1 | 7 425.00 | 769 475.88 | 0.22 |
| USD	MARTIN MARIETTA M. COM USD0.01 | 2 219.00 | 634 037.76 | 0.18 |
| USD	MIRATI THERAPEUTIC COM NPV | 3 283.00 | 478 497.32 | 0.14 |
| USD	MSA SAFETY INC COM NPV | 7 524.00 | 960 393.50 | 0.27 |
| USD	QORVO INC COM USD 0.0001 | 3 959.00 | 615 425.25 | 0.18 |
| USD	SLM CORP COM USD0.20 | 63 082.00 | 964 505.69 | 0.28 |
| USD	TAKE TWO INTERACTI COM USD0.01 | 6 088.00 | 915 297.88 | 0.26 |
| USD	THE TRADE DESK INC COM USD0.000001 CL A | 1 020.00 | 565 551.94 | 0.16 |
| USD	UNIVERSAL DISPLAY COM USD0.01 | 2 051.00 | 413 184.10 | 0.12 |
| USD	VMWARE INC COM STK USD0.01 CLASS ‘A’ | 9 130.00 | 1 168 730.11 | 0.33 |
| USD	WORLD WRESTLING ENTMT INC CL A | 26 164.00 | 1 207 911.72 | 0.35 |
| USD	ZSCALER INC COM USD0.001 | 4 022.00 | 587 472.76 | 0.17 |
| Total Etats-Unis |  | 20 066 302.47 | 5.74 |
| Total des Actions au porteur |  | 60 180 236.90 | 17.22 |
| Actions privilégiées |  |  |  |
| Allemagne |  |  |  |
| EUR	VOLKSWAGEN AG NON VTG PRF NPV | 3 854.00 | 919 564.40 | 0.26 |
| Total Allemagne |  | 919 564.40 | 0.26 |
| Total des Actions privilégiées |  | 919 564.40 | 0.26 |
| Actions nominatives |  |  |  |
| Belgique |  |  |  |
| EUR	KBC GROUP NV NPV | 16 893.00 | 1 047 366.00 | 0.30 |
| Total Belgique |  | 1 047 366.00 | 0.30 |
| Danemark |  |  |  |
| DKK	CARLSBERG SER’B’DKK20 | 7 211.00 | 944 952.82 | 0.27 |
| DKK	NOVO-NORDISK AS DKK0.2 SER’B’ | 29 614.00 | 1 711 201.61 | 0.49 |
| DKK	VESTAS WIND SYSTEM DKK1 | 3 863.00 | 676 275.91 | 0.19 |
| Total Danemark |  | 3 332 430.34 | 0.95 |
| Finlande |  |  |  |
| EUR	NESTE OIL OYJ NPV | 9 247.00 | 418 519.22 | 0.12 |
| SEK	NORDEA HOLDING ABP NPV | 98 376.00 | 825 860.52 | 0.24 |
| EUR	SAMPO PLC SER’A’NPV | 64 420.00 | 2 478 237.40 | 0.71 |
| Total Finlande |  | 3 722 617.14 | 1.07 |
| Allemagne |  |  |  |
| EUR	DEUTSCHE POST AG NPV(REGD) | 20 866.00 | 974 859.52 | 0.28 |
| EUR	EXASOL AG ORD NPV | 14 358.00 | 311 568.60 | 0.09 |
| EUR	INFINEON TECHNOLOG AG NPV (REGD) | 26 687.00 | 964 868.49 | 0.28 |
| EUR	MUENCHENER RUECKVE NPV(REGD) | 4 419.00 | 1 160 429.40 | 0.33 |
| EUR	SIEMENS AG NPV(REGD) | 11 978.00 | 1 676 920.00 | 0.48 |
| Total Allemagne |  | 5 088 646.01 | 1.46 |
| Irlande |  |  |  |
| USD	APTIV PLC COM USD0.01 | 9 706.00 | 1 138 821.92 | 0.33 |
| EUR	CRH ORD EUR0.32 | 17 554.00 | 701 633.38 | 0.20 |
| Total Irlande |  | 1 840 455.30 | 0.53 |
| Italie |  |  |  |
| EUR	ENEL EUR1 | 148 181.00 | 1 258 501.23 | 0.36 |
| EUR	MEDIOBANCA SPA EUR0.5 | 30 598.00 | 289 334.69 | 0.08 |
| EUR	MONCLER SPA NPV | 11 798.00 | 576 568.26 | 0.17 |
| Total Italie |  | 2 124 404.18 | 0.61 |
| Japon |  |  |  |
| JPY	NIPPON TEL&TEL CP NPV | 38 700.00 | 846 884.19 | 0.24 |
| JPY	SOFTBANK GROUP CO NPV | 21 100.00 | 1 515 839.04 | 0.43 |
| JPY	SONY CORP NPV | 13 200.00 | 1 178 511.09 | 0.34 |
| JPY	TAKEDA PHARMACEUTI NPV | 33 500.00 | 1 027 926.64 | 0.29 |
| Total Japon |  | 4 569 160.96 | 1.30 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Rapport semestriel au 31 mars 2021
|  | Dénomination | Nombre/ | Evaluation en EUR | en % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Bénéfice/(perte) non | de |
|  |  |  | réalisé(e) sur futures/ | l’actif |
|  |  |  | Contrats de | net |
|  |  |  | change à terme/ |  |
|  |  |  | swaps (note 1) |  |
| Pays-Bas |  |  |  |  |
| EUR | ADYEN NV EUR0.01 | 559.00 | 1 064 056.50 | 0.30 |
| EUR | ASML HOLDING NV EUR0.09 | 4 574.00 | 2 364 758.00 | 0.68 |
| EUR | KONINKLIJKE DSM NV EUR1.5 | 3 167.00 | 456 998.10 | 0.13 |
| EUR | NN GROUP N.V. EUR0.12 | 28 236.00 | 1 177 158.84 | 0.34 |
| EUR | PROSUS N.V. EUR0.05 | 16 544.00 | 1 568 371.20 | 0.45 |
| Total Pays-Bas	6 631 342.64	1.90 |
| Norvège |  |  |  |  |
| NOK | MOWI ASA NOK7.50 | 47 868.00 | 1 012 440.97 | 0.29 |
| Total Norvège	1 012 440.97	0.29 |
| Suède |  |  |  |  |
| SEK | CINT GROUP AB | 14 857.00 | 119 502.62 | 0.03 |
| SEK | EVOLUTION GAMING NPV | 7 858.00 | 986 443.21 | 0.28 |
| SEK | NORDNET AB NPV | 34 076.00 | 469 015.09 | 0.14 |
| SEK | SANDVIK AB NPV (POST SPLIT) | 40 634.00 | 946 409.54 | 0.27 |
| SEK | SWEDISH MATCH NPV | 10 341.00 | 688 237.97 | 0.20 |
| SEK | VOLVO AB SER’B’NPV (POST SPLIT) | 49 678.00 | 1 071 220.59 | 0.31 |
| Total Suède | 4 280 829.02 | 1.23 |
| Suisse |  |  |  |  |
| CHF | ALCON AG CHF0.04 | 16 738.00 | 1 001 434.95 | 0.28 |
| CHF | CREDIT SUISSE GRP CHF0.04(REGD) | 82 590.00 | 739 337.62 | 0.21 |
| CHF | LONZA GROUP AG CHF1(REGD) | 1 815.00 | 867 025.47 | 0.25 |
| CHF | NESTLE SA CHF0.10(REGD) | 20 216.00 | 1 925 222.64 | 0.55 |
| CHF | NOVARTIS AG CHF0.50(REGD) | 14 505.00 | 1 059 156.74 | 0.30 |
| CHF | SIKA AG CHF0.01 (REG) | 3 257.00 | 795 012.47 | 0.23 |
| CHF | SOFTWAREONE HLD AG CHF0.01 | 29 580.00 | 652 499.85 | 0.19 |
| Total Suisse |  | 7 039 689.74 | 2.01 |
| Grande-Bretagne |  |  |  |
| GBP	ANGLO AMERICAN USD0.54945 | 43 438.00 | 1 449 459.96 | 0.41 |
| GBP	ASHTEAD GROUP ORD GBP0.10 | 33 770.00 | 1 715 354.49 | 0.49 |
| GBP	BARCLAYS ORD GBP0.25 | 614 396.00 | 1 340 943.31 | 0.38 |
| GBP	CAIRN ENERGY PLC ORD GBP0.01615384615 | 105 207.00 | 210 203.58 | 0.06 |
| GBP	IMI ORD GBP0.2857 | 7 627.00 | 119 438.82 | 0.03 |
| GBP	LONDON STOCK EXCH ORD GBP0.06918604 | 10 606.00 | 864 066.21 | 0.25 |
| GBP	PRUDENTIAL ORD GBP0.05 | 87 349.00 | 1 579 630.72 | 0.45 |
| GBP	RIO TINTO ORD GBP0.10 | 14 140.00 | 921 251.74 | 0.26 |
| EUR	STELLANTIS N V COM EUR0.01 | 52 899.00 | 797 928.52 | 0.23 |
| EUR	UNILEVER PLC ORD GBP0.031111 | 1 400.00 | 67 032.00 | 0.02 |
| EUR	UNILEVER PLC ORD GBP0.031111 | 18 182.00 | 865 099.56 | 0.25 |
| Total Grande-Bretagne |  | 9 930 408.91 | 2.83 |
| Etats-Unis |  |  |  |
| USD	10X GENOMICS INC COM USD0.00001 CLASS A | 2 474.00 | 381 004.00 | 0.11 |
| USD	ABBOTT LABS COM | 6 515.00 | 664 304.94 | 0.19 |
| USD	ABBVIE INC COM USD0.01 | 25 634.00 | 2 360 343.30 | 0.68 |
| USD	ADVANCED MICRO DEV COM USD0.01 | 10 681.00 | 713 399.56 | 0.20 |
| USD	AGCO CORP COM USD0.01 | 6 419.00 | 784 556.58 | 0.23 |
| USD	ALEXION PHARMACEUT COM USD0.0001 | 3 778.00 | 491 528.95 | 0.14 |
| USD	ALPHABET INC CAP STK USD0.001 CL A | 1 949.00 | 3 420 276.93 | 0.98 |
| USD	AMAZON COM INC COM USD0.01 | 2 498.00 | 6 576 203.39 | 1.88 |
| USD	AMERIPRISE FINL INC COM | 8 410.00 | 1 663 323.83 | 0.48 |
| USD	APPLE INC COM NPV | 38 781.00 | 4 030 544.67 | 1.15 |
| USD	APPLIED MATLS INC COM | 7 417.00 | 843 113.42 | 0.24 |
| USD	AUTODESK INC COM USD0.01 | 4 199.00 | 990 175.15 | 0.28 |
| USD	AVALONBAY COMMUNI COM USD0.01 | 8 700.00 | 1 365 810.43 | 0.39 |
| USD	AVANTOR INC COM USD0.01 | 34 208.00 | 842 029.64 | 0.24 |
| USD	BOOKING HLDGS INC COM USD0.008 | 414.00 | 820 687.28 | 0.24 |
| USD	BUNGE LIMITED COM USD0.01 | 13 853.00 | 934 337.87 | 0.27 |
| USD	CF INDS HLDGS INC COM | 19 038.00 | 735 084.18 | 0.21 |
| USD	COMCAST CORP COM CLS’A’ USD0.01 | 36 708.00 | 1 690 010.96 | 0.48 |
| USD	CONOCOPHILLIPS COM USD0.01 | 7 311.00 | 329 501.97 | 0.10 |
| USD	COOPER COS INC COM USD0.10 | 1 542.00 | 503 928.17 | 0.14 |
| USD	DOLLAR GENERAL CP COM USD0.875 | 4 571.00 | 788 033.71 | 0.23 |
| USD	DOLLAR TREE INC | 14 835.00 | 1 444 749.51 | 0.41 |
| USD	FACEBOOK INC COM USD0.000006 CL ‘A’ | 9 890.00 | 2 478 432.49 | 0.71 |
| USD	FIDELITY NATL INF COM STK USD0.01 | 13 008.00 | 1 556 245.11 | 0.45 |
| USD	GODADDY INC COM CL A USD0.001 | 8 024.00 | 529 926.73 | 0.15 |
| USD	HESS CORPORATION COM USD1 | 25 783.00 | 1 552 288.85 | 0.44 |
| USD	IAC/INTERACTIVECOR COM USD0.001 | 3 390.00 | 623 918.06 | 0.18 |
| USD	INGERSOLL RAND INC COM USD1.00 | 30 269.00 | 1 267 367.90 | 0.36 |
| USD	IQVIA HOLDINGS INC COM USD0.01 | 4 645.00 | 763 324.51 | 0.22 |
| USD	LOWE’S COS INC COM USD0.50 | 6 765.00 | 1 094 671.74 | 0.31 |
| USD	LYFT INC COM USD0.00001 CLASS A | 18 085.00 | 972 186.08 | 0.28 |
| USD	MADISON SQUARE G.E COM USD0.01 CLASS A | 6 646.00 | 462 556.63 | 0.13 |
| USD	MASTERCARD INC COM USD0.0001 CLASS ‘A’ | 3 626.00 | 1 098 474.69 | 0.32 |
| USD	MATCH GRP INC NEW COM NPV | 5 202.00 | 608 058.16 | 0.17 |
| USD	MCDONALD’S CORP COM USD0.01 | 3 918.00 | 747 196.90 | 0.21 |
| USD	MICRON TECHNOLOGY COM USD0.10 | 12 203.00 | 915 873.93 | 0.26 |
| USD	MICROSOFT CORP COM USD0.0000125 | 38 945.00 | 7 812 526.72 | 2.24 |
| USD	MONDELEZ INTL INC COM USD0.01 | 22 301.00 | 1 110 590.94 | 0.32 |
| USD	NETFLIX INC COM USD0.001 | 1 043.00 | 462 938.30 | 0.13 |
| USD	NVIDIA CORP COM USD0.001 | 992.00 | 450 658.18 | 0.13 |
| USD	PPD INC COM USD0.01 | 17 442.00 | 561 563.24 | 0.16 |
| USD	ROCKWELL AUTOMATIO COM USD1 | 2 181.00 | 492 576.06 | 0.14 |
| USD	SALESFORCE.COM INC COM USD0.001 | 9 673.00 | 1 743 740.76 | 0.50 |
| USD	SCHWAB(CHARLES)CP COM USD0.01 | 8 220.00 | 455 866.25 | 0.13 |
| USD	SERVICENOW INC COM USD0.001 | 2 516.00 | 1 070 600.49 | 0.31 |
| USD	SHOALS TECHNOLOGIE COM USD0.00001 CLASS A | 7 501.00 | 221 972.93 | 0.06 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR)
Rapport semestriel au 31 mars 2021
|  | Dénomination | Nombre/ | Evaluation en EUR | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
|  |  |  |  |  |
| USD | SOUTHWEST AIRLINES COM USD1 | 33 200.00 | 1 724 829.41 | 0.49 |
| USD | STARBUCKS CORP COM USD0.001 | 24 245.00 | 2 254 106.31 | 0.65 |
| USD | TERMINIX GLOBAL HO COM USD0.01 | 15 717.00 | 637 479.27 | 0.18 |
| USD | TESLA INC COM USD0.001 | 1 481.00 | 841 661.13 | 0.24 |
| USD | TJX COS INC COM USD1 | 15 707.00 | 884 044.97 | 0.25 |
| USD | ULTA BEAUTY INC COM STK USD0.01 | 3 342.00 | 879 133.95 | 0.25 |
| USD | UNION PACIFIC CORP COM USD2.50 | 3 210.00 | 601 987.66 | 0.17 |
| USD | UNITED RENTALS INC COM | 2 945.00 | 825 166.30 | 0.24 |
| USD | UNITEDHEALTH GRP COM USD0.01 | 6 709.00 | 2 123 898.26 | 0.61 |
| USD | VAIL RESORTS INC COM | 3 622.00 | 898 827.98 | 0.26 |
| USD | VISA INC COM STK USD0.0001 | 10 120.00 | 1 823 115.46 | 0.52 |
| USD | VOYA FINL INC COM USD0.01 | 16 128.00 | 873 296.96 | 0.25 |
| USD | WELLS FARGO & CO COM USD1 2/3 | 61 823.00 | 2 055 155.80 | 0.59 |
| USD | WESTERN DIGITAL CORP COM | 10 459.00 | 594 008.55 | 0.17 |
| USD | WILLIAMS COS INC COM USD1 | 39 400.00 | 794 168.29 | 0.23 |
| Total Etats-Unis |  | 79 237 384.39 | 22.68 |
| Total des Actions nominatives |  | 129 857 175.60 | 37.16 |
| Depository Receipts |  |  |  |
| Chine |  |  |  |
| USD	ALIBABA GROUP HLDG SPON ADS EACH REP ONE ORD-ADR | 1 747.00 | 337 018.05 | 0.10 |
| Total Chine |  | 337 018.05 | 0.10 |
| Allemagne |  |  |  |
| USD	BIONTECH SE SPON ADS EACH REP 1 ORD SHS | 3 041.00 | 282 520.88 | 0.08 |
| Total Allemagne |  | 282 520.88 | 0.08 |
| Singapour |  |  |  |
| USD	SEA LTD ADS EACH REP ONE CL A SHS | 2 800.00 | 531 816.56 | 0.15 |
| Total Singapour |  | 531 816.56 | 0.15 |
| Total des Depository Receipts |  | 1 151 355.49 | 0.33 |
| Certificats sur matières premières |  |  |  |
| Irlande |  |  |  |
| USD	ISHARES PHYSICAL GOLD ETC 11-PRP	353 187.00 | 9 999 402.22 | 2.86 |
| Total Irlande | 9 999 402.22 | 2.86 |
| Total des Certificats sur matières premières | 9 999 402.22 | 2.86 |

Billets, taux fixe
| AUD |  |
| --- | --- |
| AUD | AUSTRALIA 5.50000% 11-21.04.23 | 1 045 000.00 | 752 643.79 | 0.22 |
| Total AUD |  | 752 643.79 | 0.22 |
| Total des Billets, taux fixe |  | 752 643.79 | 0.22 |
| Obligations, taux fixe |  |  |  |
| AUD |  |  |  |
| AUD	AUSTRALIA 2.75000% 12-21.04.24 | 4 585 000.00 | 3 210 218.89 | 0.92 |
| AUD	AUSTRALIA-REG-S 1.00000% 20-21.12.30 | 3 955 000.00 | 2 393 559.75 | 0.69 |
| AUD	AUSTRALIA-REG-S 1.75000% 20-21.06.51 | 415 000.00 | 215 157.08 | 0.06 |
| AUD	AUSTRALIA-REG-S 2.25000% 16-21.05.28 | 1 755 000.00 | 1 213 933.11 | 0.35 |
| AUD	AUSTRALIA-REG-S 2.75000% 14-21.06.35 | 1 980 000.00 | 1 377 597.97 | 0.39 |
| AUD	AUSTRALIA-REG-S 2.75000% 16-21.11.27 | 2 560 000.00 | 1 828 899.41 | 0.52 |
| AUD	AUSTRALIA-REG-S 3.00000% 16-21.03.47 | 800 000.00 | 551 348.28 | 0.16 |
| AUD	AUSTRALIA-REG-S 3.25000% 13-21.04.25 | 2 530 000.00 | 1 821 026.15 | 0.52 |
| AUD	QUEENSLAND TREASURY CORP-REG-S 4.25000% 12-21.07.23 | 493 000.00 | 349 190.06 | 0.10 |
| Total AUD |  | 12 960 930.70 | 3.71 |
| CAD |  |  |  |
| CAD	CANADA, GOVERNMENT 0.75000% 16-01.09.21 | 3 035 000.00 | 2 060 082.11 | 0.59 |
| CAD	CANADA, GOVERNMENT 0.50000% 16-01.03.22 | 3 420 000.00 | 2 322 915.39 | 0.66 |
| CAD	CANADA, GOVERNMENT 2.75000% 14-01.12.64 | 1 100 000.00 | 910 821.18 | 0.26 |
| CAD	CANADA, GOVERNMENT 2.75000% 14-01.12.48 | 1 095 000.00 | 863 368.12 | 0.25 |
| CAD	CANADA, GOVERNMENT 2.25000% 14-01.06.25 | 2 675 000.00 | 1 919 287.80 | 0.55 |
| CAD	CANADA, GOVERNMENT 3.25000% 10-01.06.21 | 5 380 000.00 | 3 661 533.84 | 1.05 |
| CAD	CANADA, GOVERNMENT 3.50000% 11-01.12.45 | 1 230 000.00 | 1 081 704.97 | 0.31 |
| CAD	CANADA, GOVERNMENT 5.75000% 01-01.06.33 | 1 125 000.00 | 1 097 898.26 | 0.31 |
| Total CAD |  | 13 917 611.67 | 3.98 |
| EUR |  |  |  |
| EUR	GERMANY, REPUBLIC OF 1.50000% 14-15.05.24 | 310 000.00 | 331 717.36 | 0.10 |
| EUR	GERMANY, REPUBLIC OF 4.75000% 98-04.07.28 | 365 000.00 | 508 131.10 | 0.15 |
| EUR	GERMANY, REPUBLIC OF 4.00000% 05-04.01.37 | 450 000.00 | 740 674.80 | 0.21 |
| EUR	GERMANY, REPUBLIC OF 2.25000% 11-04.09.21 | 150 000.00 | 151 789.20 | 0.04 |
| EUR	ITALY, REPUBLIC OF-BTP 4.00000% 05-01.02.37 | 720 000.00 | 1 017 792.00 | 0.29 |
| EUR	ITALY, REPUBLIC OF-BTP 2.20000% 17-01.06.27 | 1 520 000.00 | 1 707 416.00 | 0.49 |
| Total EUR |  | 4 457 520.46 | 1.28 |
| Total des Obligations, taux fixe |  | 31 336 062.83 | 8.97 |
| Bons du Trésor à moyen terme, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.00000% 07-15.05.37 | 2 790 000.00 | 3 333 143.33 | 0.96 |
| USD	AMERICA, UNITED STATES OF 3.62500% 14-15.02.44 | 6 615 000.00 | 6 919 353.03 | 1.98 |
| USD	AMERICA, UNITED STATES OF 1.37500% 20-15.08.50 | 5 055 000.00 | 3 356 147.11 | 0.96 |
| USD	AMERICA, UNITED STATES OF 1.87500% 17-30.09.22 | 9 645 000.00 | 8 420 231.00 | 2.41 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Rapport semestriel au 31 mars 2021
|  | Dénomination | Nombre/ | Evaluation en EUR | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
|  |  |  |  |  |
| USD | AMERICA, UNITED STATES OF 2.37500% 14-15.08.24 | 11 730 000.00 | 10 621 751.13 | 3.04 |
| USD | AMERICA, UNITED STATES OF 2.00000% 15-15.02.25 | 10 230 000.00 | 9 167 589.21 | 2.62 |
| USD | AMERICA, UNITED STATES OF 2.50000% 14-15.05.24 | 11 330 000.00 | 10 274 229.19 | 2.94 |
| Total USD |  |  | 52 092 444.00 | 14.91 |
| Total des Bons du Trésor à moyen terme, taux fixe |  | 52 092 444.00 | 14.91 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 286 288 885.23 | 81.93 |
| Titres et instruments du marché monétaire négociés sur un autre marché réglementé Bons du trésor à court terme, coupon zéro |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 23.04.20-22.04.21 | 3 000 000.00 | 2 552 524.90 | 0.73 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 05.11.20-06.05.21 | 4 300 000.00 | 3 658 595.89 | 1.05 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 03.12.20-03.06.21 | 300 000.00 | 255 247.28 | 0.07 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 07.01.21-08.07.21 | 4 000 000.00 | 3 403 212.66 | 0.97 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 28.01.21-29.07.21 | 5 000 000.00 | 4 253 951.71 | 1.22 |
| Total USD |  | 14 123 532.44 | 4.04 |
| Total des Bons du trésor à court terme, coupon zéro |  | 14 123 532.44 | 4.04 |
| Total des Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  | 14 123 532.44 | 4.04 |

OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée
Fonds d’investissement, ouvert
Luxembourg
| USD | UBS (LUX) BOND SICAV - ASIAN HIGH YIELD U-X-ACC | 1 361.00 | 14 522 968.94 | 4.16 |
| --- | --- | --- | --- | --- |
| USD | UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC | 247.45 | 8 296 015.48 | 2.37 |
| EUR | UBS (LUX) MONEY MARKET FUND - EUR U-X-ACC | 1.00 | 10 185.20 | 0.00 |
| Total Luxembourg | 22 829 169.62 | 6.53 |
| Total des Fonds d’investissement, ouvert | 22 829 169.62 | 6.53 |
| Total des OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée | 22 829 169.62 | 6.53 |
| Total du Portefeuille-titres | 323 241 587.29 | 92.50 |

| Instruments dérivés |  |
| --- | --- |
| Instruments dérivés négociés sur une bourse officielle Contrats financiers à terme sur obligations |
|  |  |  |
| EUR	EURO-BUND FUTURE 08.06.21	29.00 | -18 560.00 | -0.01 |
| GBP	LONG GILT FUTURE 28.06.21	-70.00 | 62 252.61 | 0.02 |
| USD	US 10YR TREASURY NOTE FUTURE 21.06.21	-22.00 | 62 377.69 | 0.02 |
| USD	US 5YR TREASURY NOTE FUTURE 30.06.21	107.00 | -137 272.08 | -0.04 |
| USD	US 2YR TREASURY NOTE FUTURE 30.06.21	253.00 | -45 400.75 | -0.01 |
| Total des Contrats financiers à terme sur obligations | -76 602.53 | -0.02 |
| Contrats financiers à terme sur indices |  |  |
|  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 18.06.21	-986.00 | -783 870.00 | -0.23 |
| EUR	DAX INDEX FUTURE 18.06.21	30.00 | 341 625.00 | 0.10 |
| EUR	EURO STOXX BANKS PRICE INDEX FUTURE 18.06.21	2 435.00 | 38 645.50 | 0.01 |
| CHF	SWISS MARKET INDEX FUTURE 18.06.21	-123.00 | -213 500.43 | -0.06 |
| GBP	FTSE 100 INDEX FUTURE 18.06.21	53.00 | -37 952.61 | -0.01 |
| SEK	OMX 30 INDEX FUTURE 16.04.21	-395.00 | -106 928.10 | -0.03 |
| USD	S&P500 EMINI FUTURE 18.06.21	-159.00 | -62 230.92 | -0.02 |
| JPY	TOPIX INDX FUTURE 10.06.21	152.00 | 907 056.37 | 0.26 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 18.06.21	318.00 | -327 584.45 | -0.10 |
| CAD	S&P/TSX 60 INDEX FUTURE 17.06.21	30.00 | -8 692.26 | 0.00 |
| USD	E-MINI RUSSELL 1000 VALUE INDEX FUTURE 18.06.21	479.00 | -218 112.40 | -0.06 |
| Total des Contrats financiers à terme sur indices | -471 544.30 | -0.14 |
| Total des Instruments dérivés négociés sur une bourse officielle | -548 146.83 | -0.16 |
| Instruments dérivés non négociés sur une bourse officielle ou sur un autre marché réglementé Credit Default Swaps* |  |  |
|  |  |  |
| USD	ICE/MARKIT CDX.EM.3 CDI PAY 1.00000% 21-20.12.25	-21 500 000.00 | 883 021.99 | 0.25 |
| USD	ICE/MARKIT CDX.EM.35 CDI REC 1.00000% 20-20.06.26	21 500 000.00 | -755 970.63 | -0.21 |
| USD	ICE/MARKIT CDX.NA.HY CDI REC 5.00000% 21-20.06.26	34 450 000.00 | 2 691 599.02 | 0.77 |
| Total des Credit Default Swaps | 2 818 650.38 | 0.81 |
| Total des Instruments dérivés non négociés sur une bourse officielle ou sur un autre marché réglementé | 2 818 650.38 | 0.81 |
| Total des Instruments dérivés | 2 270 503.55 | 0.65 |
| * Nominal positif: le compartiment est «receveur de la protection», nominal négatif: le compartiment est «payeur de la protection». |  |  |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR)
Rapport semestriel au 31 mars 2021
| Dénomination	Nombre/ | Evaluation en EUR | en % |
| --- | --- | --- |
| Nominal | Bénéfice/(perte) non | de |
|  | réalisé(e) sur futures/ | l’actif |
|  | Contrats de | net |
|  | change à terme/ |  |
|  | swaps (note 1) |  |

Contrats de change à terme
Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité
| EUR | 7 593 079.85 | GBP | 6 578 272.32 | 20.5.2021 | -122 638.82 | -0.04 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 13 038 715.56 | NZD | 21 655 000.00 | 20.5.2021 | 149 153.20 | 0.04 |
| PLN | 13 870 000.00 | EUR | 3 052 742.10 | 20.5.2021 | -64 377.06 | -0.02 |
| NOK | 81 446 918.42 | EUR | 7 952 811.42 | 20.5.2021 | 157 093.26 | 0.03 |
| EUR | 2 790 988.71 | HKD | 26 249 999.57 | 20.5.2021 | -79 290.23 | -0.02 |
| EUR | 14 874 700.52 | CAD | 22 730 193.49 | 20.5.2021 | -498 355.88 | -0.14 |
| EUR | 29 327 635.92 | AUD | 45 402 259.80 | 20.5.2021 | -71 861.83 | -0.02 |
| EUR | 162 314 989.79 | USD | 196 799 783.26 | 20.5.2021 | -4 962 019.42 | -1.42 |
| JPY | 380 473 523.00 | EUR | 2 937 825.29 | 20.5.2021 | -9 721.14 | 0.00 |
| EUR | 23 435 692.48 | CHF | 25 951 572.66 | 20.5.2021 | -32 749.18 | -0.01 |
| EUR | 6 791 239.10 | SEK | 68 814 097.80 | 20.5.2021 | 77 650.79 | 0.02 |
| EUR | 4 493 415.28 | DKK | 33 428 000.00 | 20.5.2021 | -486.18 | 0.00 |
| EUR | 173 539.65 | ZAR | 3 161 456.85 | 20.5.2021 | -7 277.01 | 0.00 |
| MXN | 62 930 000.00 | EUR | 2 500 295.01 | 20.5.2021 | 100 188.06 | 0.03 |
| EUR | 4 005 805.44 | USD | 4 840 000.00 | 20.5.2021 | -108 125.54 | -0.03 |
| EUR | 1 798 177.91 | CHF | 2 000 000.00 | 20.5.2021 | -10 455.58 | 0.00 |
| EUR | 1 156 582.54 | GBP | 1 000 000.00 | 20.5.2021 | -16 327.05 | 0.00 |
| EUR | 1 953 255.82 | USD | 2 330 000.00 | 20.5.2021 | -27 210.95 | -0.01 |
| NOK | 34 580 955.85 | JPY | 443 780 000.00 | 20.5.2021 | 28 033.37 | 0.01 |
| EUR | 6 851 106.31 | JPY | 887 560 000.00 | 20.5.2021 | 20 491.40 | 0.01 |
| USD | 350 000.00 | EUR | 292 982.43 | 20.5.2021 | 4 512.58 | 0.00 |
| CAD | 48 116 800.00 | EUR | 32 293 197.71 | 19.4.2021 | 271 083.66 | 0.08 |
| GBP | 25 781 700.00 | EUR | 29 875 331.44 | 19.4.2021 | 382 248.93 | 0.11 |
| EUR | 207 116.65 | SEK | 2 100 000.00 | 20.5.2021 | 2 238.06 | 0.00 |
| EUR | 467 261.28 | GBP | 400 000.00 | 20.5.2021 | -1 902.55 | 0.00 |
| USD | 15 826 157.83 | TWD | 446 630 000.00 | 11.6.2021 | 20 146.01 | 0.01 |
| USD | 7 889 324.74 | KRW | 8 909 730 000.00 | 11.6.2021 | -9 525.23 | 0.00 |
| BRL | 58 360 000.00 | USD | 10 532 775.05 | 11.6.2021 | -206 186.90 | -0.06 |
| COP | 33 246 550 000.00 | USD | 9 267 356.84 | 11.6.2021 | -199 980.60 | -0.06 |
| EUR | 926 924.73 | GBP | 800 000.00 | 20.5.2021 | -11 402.94 | 0.00 |
| USD | 210 000.00 | EUR | 177 300.92 | 20.5.2021 | 1 196.09 | 0.00 |
| EUR | 87 174.49 | GBP | 75 200.00 | 19.4.2021 | -1 080.75 | 0.00 |
| USD | 1 660 000.00 | EUR | 1 406 579.76 | 20.5.2021 | 4 396.57 | 0.00 |
| AUD | 5 400 000.00 | EUR | 3 489 068.55 | 20.5.2021 | 7 613.96 | 0.00 |
| AUD | 5 400 000.00 | USD | 4 118 931.00 | 20.5.2021 | -4 354.68 | 0.00 |
| USD | 4 078 487.77 | PHP | 198 500 000.00 | 11.6.2021 | 13 150.36 | 0.00 |
| EUR | 217 004.69 | CHF | 240 000.00 | 20.5.2021 | -31.33 | 0.00 |
| USD | 1 120 000.00 | EUR | 953 760.09 | 20.5.2021 | -1 776.06 | 0.00 |
| EUR | 526 510.10 | SEK | 5 400 000.00 | 20.5.2021 | -320.56 | 0.00 |
| EUR | 442 501.33 | USD | 520 000.00 | 20.5.2021 | 508.75 | 0.00 |
| Total des Contrats de change à terme | -5 207 752.42 | -1.49 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 30 130 056.82** | 8.62 |
| Crédit en compte courant et autres engagements à court terme | -514 250.31 | -0.15 |
| Autres actifs et passifs | -486 103.58 | -0.13 |
| Total de l’Actif net | 349 434 041.35 | 100.00 |

* Nominal positif: le compartiment est «receveur de la protection», nominal négatif: le compartiment est «payeur de la protection».
** Au 31 mars 2021, des avoirs en banque ont été utilisés à titre de garanties, à hauteur de 511 358.80 EUR en faveur de Goldman Sachs et à hauteur de 536 033.35 EUR en faveur de JP Morgan.
UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Rapport semestriel au 31 mars 2021