# UBS (Lux) Strategy SICAV
– Systematic Allocation Portfolio Dynamic (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Net assets in USD |  | 589 998 727.11 | 531 905 248.10 | 449 170 847.39 |
| Class K-1-acc | LU1622991310 |  |  |  |
| Shares outstanding |  | 3.5000 | 2.1000 | 2.4000 |
| Net asset value per share in USD |  | 5 760 369.48 | 5 438 272.62 | 5 380 103.20 |
| Issue and redemption price per share in USD 1 |  | 5 760 369.48 | 5 438 272.62 | 5 387 097.33 |
| Class (EUR hedged) K-1-acc | LU1622991401 |  |  |  |
| Shares outstanding |  | 11.0000 | 11.3000 | 7.4000 |
| Net asset value per share in EUR |  | 3 200 709.32 | 3 061 446.40 | 3 118 040.35 |
| Issue and redemption price per share in EUR 1 |  | 3 200 709.32 | 3 061 446.40 | 3 122 093.80 |
| Class K-X-acc 2 | LU1807254237 |  |  |  |
| Shares outstanding |  | 56 583.0980 | 115 000.0000 | - |
| Net asset value per share in USD |  | 106.07 | 99.56 | - |
| Issue and redemption price per share in USD 1 |  | 106.07 | 99.56 | - |
| Class P-4%-mdist | LU1599188155 |  |  |  |
| Shares outstanding |  | 262 517.3520 | 205 611.5260 | 250 358.7160 |
| Net asset value per share in USD |  | 104.08 | 100.48 | 103.98 |
| Issue and redemption price per share in USD 1 |  | 104.08 | 100.48 | 104.12 |
| Class P-acc | LU1599187934 |  |  |  |
| Shares outstanding |  | 1 471 146.2120 | 1 335 014.9300 | 1 224 045.5890 |
| Net asset value per share in USD |  | 114.54 | 108.42 | 107.83 |
| Issue and redemption price per share in USD 1 |  | 114.54 | 108.42 | 107.97 |
| Class (CHF hedged) P-acc | LU1599188239 |  |  |  |
| Shares outstanding |  | 470 959.5060 | 469 504.4440 | 327 402.6990 |
| Net asset value per share in CHF |  | 106.33 | 102.19 | 105.06 |
| Issue and redemption price per share in CHF 1 |  | 106.33 | 102.19 | 105.20 |
| Class (EUR hedged) P-acc | LU1599188403 |  |  |  |
| Shares outstanding |  | 434 261.6210 | 498 600.4010 | 520 493.7610 |
| Net asset value per share in EUR |  | 107.51 | 103.10 | 105.56 |
| Issue and redemption price per share in EUR 1 |  | 107.51 | 103.10 | 105.70 |
| Class (GBP hedged) P-acc | LU1616912678 |  |  |  |
| Shares outstanding |  | 27 205.6370 | 35 387.9960 | 38 566.8700 |
| Net asset value per share in GBP |  | 110.03 | 105.04 | 106.31 |
| Issue and redemption price per share in GBP 1 |  | 110.03 | 105.04 | 106.45 |
| Class (SGD hedged) P-acc | LU1599188668 |  |  |  |
| Shares outstanding |  | 148 835.6550 | 144 118.4140 | 132 224.5660 |
| Net asset value per share in SGD |  | 112.78 | 107.07 | 107.22 |
| Issue and redemption price per share in SGD 1 |  | 112.78 | 107.07 | 107.36 |
| Class Q-4%-mdist 3 | LU1898250995 |  |  |  |
| Shares outstanding |  | 104 334.8030 | 68 881.1740 | - |
| Net asset value per share in USD |  | 105.59 | 101.51 | - |
| Issue and redemption price per share in USD 1 |  | 105.59 | 101.51 | - |
| Class Q-acc | LU1599188072 |  |  |  |
| Shares outstanding |  | 655 223.2700 | 537 450.9870 | 209 500.3440 |
| Net asset value per share in USD |  | 117.02 | 110.29 | 108.76 |
| Issue and redemption price per share in USD 1 |  | 117.02 | 110.29 | 108.90 |
| Class (CHF hedged) Q-acc | LU1599188312 |  |  |  |
| Shares outstanding |  | 440 561.7440 | 445 784.0190 | 317 383.7310 |
| Net asset value per share in CHF |  | 108.64 | 103.96 | 105.97 |
| Issue and redemption price per share in CHF 1 |  | 108.64 | 103.96 | 106.11 |
| Class (EUR hedged) Q-acc | LU1599188585 |  |  |  |
| Shares outstanding |  | 575 846.4780 | 575 694.3890 | 616 063.5740 |
| Net asset value per share in EUR |  | 109.84 | 104.89 | 106.48 |
| Issue and redemption price per share in EUR 1 |  | 109.84 | 104.89 | 106.62 |
| Class (GBP hedged) Q-acc | LU1616912751 |  |  |  |
| Shares outstanding |  | 40 872.4870 | 17 037.0830 | 12 460.2540 |
| Net asset value per share in GBP |  | 110.36 | 104.91 | 105.28 |
| Issue and redemption price per share in GBP 1 |  | 110.36 | 104.91 | 105.42 |
| Class (SEK hedged) Q-acc | LU1599188825 |  |  |  |
| Shares outstanding |  | 4 135.0000 | 33 381.1640 | 10 714.2860 |
| Net asset value per share in SEK |  | 694.34 | 662.58 | 672.23 |
| Issue and redemption price per share in SEK 1 |  | 694.34 | 662.58 | 673.10 |
| 1  See note 1 2  First NAV: 5.10.2018 3  First NAV: 5.11.2018 |  |  |  |  |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (USD) Semi-Annual Report as of 30 November 2019

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| Ireland | 34.02 |
| --- | --- |
| Luxembourg | 16.69 |
| United States | 10.03 |
| Japan | 4.47 |
| Switzerland | 4.18 |
| France | 4.16 |
| Canada | 4.06 |
| Germany | 3.89 |
| United Kingdom | 3.78 |
| Australia | 2.82 |
| The Netherlands | 2.36 |
| South Korea | 0.96 |
| Spain | 0.92 |
| Italy | 0.67 |
| Supranationals | 0.66 |
| Philippines | 0.57 |
| Finland | 0.43 |
| Belgium | 0.39 |
| Qatar | 0.35 |
| United Arab Emirates | 0.34 |
| Kuwait | 0.27 |
| Singapore | 0.26 |
| Norway | 0.22 |
| Jersey | 0.20 |
| Austria | 0.13 |
| Sweden | 0.11 |
| New Zealand | 0.07 |
| British Virgin Islands | 0.06 |
| Portugal | 0.05 |
| Cayman Islands | 0.05 |
| Denmark | 0.04 |
| South Africa | 0.02 |
| Isle of Man | 0.01 |
| Papua New Guinea | 0.01 |
| Total | 97.25 |

Economic Breakdown as a % of net assets	
| Investment funds | 47.56 |
| --- | --- |
| Banks & credit institutions | 7.18 |
| Finance & holding companies | 6.50 |
| Pharmaceuticals, cosmetics & medical products | 3.61 |
| Supranational organisations | 3.22 |
| Countries & central governments | 2.97 |
| Petroleum | 2.42 |
| Internet, software & IT services | 2.03 |
| Food & soft drinks | 1.46 |
| Insurance | 1.44 |
| Computer hardware & network equipment providers | 1.44 |
| Cantons, federal states | 1.40 |
| Energy & water supply | 1.22 |
| Electronics & semiconductors | 1.21 |
| Chemicals | 1.16 |
| Retail trade, department stores | 1.06 |
| Telecommunications | 1.04 |
| Tobacco & alcohol | 0.93 |
| Vehicles | 0.90 |
| Traffic & transportation | 0.78 |
| Building industry & materials | 0.74 |
| Real Estate | 0.65 |
| Miscellaneous consumer goods | 0.57 |
| Miscellaneous services | 0.57 |
| Textiles, garments & leather goods | 0.55 |
| Electrical devices & components | 0.46 |
| Mechanical engineering & industrial equipment | 0.43 |
| Mining, coal & steel | 0.42 |
| Aerospace industry | 0.41 |
| Biotechnology | 0.38 |
| Graphic design, publishing & media | 0.32 |
| Non-ferrous metals | 0.27 |
| Lodging, catering & leisure | 0.26 |
| Public, non-profit institutions | 0.26 |
| Mortgage & funding institutions | 0.24 |
| Various capital goods | 0.22 |
| Miscellaneous trading companies | 0.21 |
| Watches & jewellery | 0.16 |
| Precious metals & stones | 0.15 |
| Rubber & tyres | 0.12 |
| Forestry, paper & pulp products | 0.12 |
| Healthcare & social services | 0.07 |
| Miscellaneous unclassified companies | 0.05 |
| Agriculture & fishery | 0.04 |
| Packaging industry | 0.03 |
| Photographic & optics | 0.02 |
| Total | 97.25 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (USD)
Semi-Annual Report as of 30 November 2019

## Statement of Net Assets
Assets	30.11.2019
USD
Investments in securities, cost	527 134 473.44
| Investments in securities, unrealized appreciation (depreciation) | 	46 644 302.97	 |
| --- | --- |
| Total investments in securities (Note 1) | 573 778 776.41 |
| Cash at banks, deposits on demand and deposit accounts | 10 776 334.14 |
| Other liquid assets (Margins) | 2 980 109.98 |
| Receivable on securities sales (Note 1) | 93.92 |
| Receivable on subscriptions | 196 842.84 |
| Interest receivable on securities | 736 735.26 |
| Receivable on dividends | 392 803.60 |
| Other receivables | 89 248.95 |
| Unrealized gain (loss) on financial futures (Note 1) | 3 085 259.11 |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | 662 024.14 |
| Total Assets | 592 698 228.35 |
|  |  |
| Liabilities |  |
| Bank overdraft | -2 249.11 |
| Payable on securities purchases (Note 1) | -1 257 373.20 |
| Payable on redemptions | -1 092 314.32 |
| Provisions for flat fee (Note 2) | -294 152.55 |
| Provisions for taxe d’abonnement (Note 3) | -40 484.96 |
| Provisions for other commissions and fees (Note 2) | 	-12 927.10	 |
| Total provisions | -347 564.61 |
| Total Liabilities | -2 699 501.24 |
|  |  |
| Net assets at the end of the period | 589 998 727.11 |
| Statement of Operations | USD |
| Income | 1.6.2019-30.11.2019 |
| Interest on liquid assets | 99 388.36 |
| Interest on securities | 1 510 831.70 |
| Dividends | 1 491 924.88 |
| Income on securities lending (Note 12) | 71 984.53 |
| Other income (Note 4) | 71 980.96 |
| Total income | 3 246 110.43 |
|  |  |
| Expenses |  |
| Cost on securities lending (Note 12) | -28 793.81 |
| Flat fee (Note 2) | -3 720 902.51 |
| Taxe d’abonnement (Note 3) | -124 281.58 |
| Other commissions and fees (Note 2) | -59 044.63 |
| Interest on cash and bank overdraft | -4 970.92 |
| Total expenses | -3 937 993.45 |
|  |  |
| Net income (loss) on investments | -691 883.02 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 4 630 588.19 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | 92 340.69 |
| Realized gain (loss) on financial futures | -18 996 043.44 |
| Realized gain (loss) on forward foreign exchange contracts | -2 523 641.47 |
| Realized gain (loss) on swaps | -3.11 |
| Realized gain (loss) on foreign exchange | 1 269 305.50 |
| Total realized gain (loss) | -15 527 453.64 |
|  |  |
| Net realized gain (loss) of the period | -16 219 336.66 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 39 419 981.09 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | 11 241.75 |
| Unrealized appreciation (depreciation) on financial futures | 5 941 631.84 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -1 799 394.81 |
| Total changes in unrealized appreciation (depreciation) | 43 573 459.87 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 27 354 123.21 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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 | 531 905 248.10 |
| Subscriptions | 94 381 585.97 |
| Redemptions | 	-62 935 658.41	 |
| Total net subscriptions (redemptions) | 31 445 927.56 |
| Dividend paid | -706 571.76 |
| Net income (loss) on investments | -691 883.02 |
| Total realized gain (loss) | -15 527 453.64 |
| Total changes in unrealized appreciation (depreciation) | 	43 573 459.87	 |
| Net increase (decrease) in net assets as a result of operations | 27 354 123.21 |
| Net assets at the end of the period | 589 998 727.11 |
| 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 | 2.1000 |
| Number of shares issued | 1.9000 |
| Number of shares redeemed | -0.5000 |
| Number of shares outstanding at the end of the period | 3.5000 |
| Class | (EUR hedged) K-1-acc |
| Number of shares outstanding at the beginning of the period | 11.3000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -0.3000 |
| Number of shares outstanding at the end of the period | 11.0000 |
| Class | K-X-acc |
| Number of shares outstanding at the beginning of the period | 115 000.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -58 416.9020 |
| Number of shares outstanding at the end of the period | 56 583.0980 |
| Class | P-4%-mdist |
| Number of shares outstanding at the beginning of the period | 205 611.5260 |
| Number of shares issued | 96 337.5060 |
| Number of shares redeemed | -39 431.6800 |
| Number of shares outstanding at the end of the period | 262 517.3520 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 1 335 014.9300 |
| Number of shares issued | 228 049.6330 |
| Number of shares redeemed | -91 918.3510 |
| Number of shares outstanding at the end of the period | 1 471 146.2120 |
| Class | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 469 504.4440 |
| Number of shares issued | 52 102.6050 |
| Number of shares redeemed | -50 647.5430 |
| Number of shares outstanding at the end of the period | 470 959.5060 |
| Class | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 498 600.4010 |
| Number of shares issued | 58 120.8970 |
| Number of shares redeemed | -122 459.6770 |
| Number of shares outstanding at the end of the period | 434 261.6210 |
| Class | (GBP hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 35 387.9960 |
| Number of shares issued | 6 419.1190 |
| Number of shares redeemed | -14 601.4780 |
| Number of shares outstanding at the end of the period | 27 205.6370 |
| Class | (SGD hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 144 118.4140 |
| Number of shares issued | 23 385.1990 |
| Number of shares redeemed | -18 667.9580 |
| Number of shares outstanding at the end of the period | 148 835.6550 |
| Class | Q-4%-mdist |
| Number of shares outstanding at the beginning of the period | 68 881.1740 |
| Number of shares issued | 36 428.9970 |
| Number of shares redeemed | -975.3680 |
| Number of shares outstanding at the end of the period | 104 334.8030 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 537 450.9870 |
| Number of shares issued | 141 551.9320 |
| Number of shares redeemed | -23 779.6490 |
| Number of shares outstanding at the end of the period | 655 223.2700 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (USD)
Semi-Annual Report as of 30 November 2019
| Class |  |  |  | (CHF hedged) Q-acc |
| --- | --- | --- | --- | --- |
| Number of shares outstanding at the beginning of the period |  |  |  | 445 784.0190 |
| Number of shares issued |  |  |  | 29 682.8900 |
| Number of shares redeemed |  |  |  | -34 905.1650 |
| Number of shares outstanding at the end of the period |  |  |  | 440 561.7440 |
| Class |  |  |  | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the period |  |  |  | 575 694.3890 |
| Number of shares issued |  |  |  | 54 137.8810 |
| Number of shares redeemed |  |  |  | -53 985.7920 |
| Number of shares outstanding at the end of the period |  |  |  | 575 846.4780 |
| Class |  |  |  | (GBP hedged) Q-acc |
| Number of shares outstanding at the beginning of the period |  |  |  | 17 037.0830 |
| Number of shares issued |  |  |  | 25 493.2460 |
| Number of shares redeemed |  |  |  | -1 657.8420 |
| Number of shares outstanding at the end of the period |  |  |  | 40 872.4870 |
| Class |  |  |  | (SEK hedged) Q-acc |
| Number of shares outstanding at the beginning of the period |  |  |  | 33 381.1640 |
| Number of shares issued |  |  |  | 4 135.0000 |
| Number of shares redeemed |  |  |  | -33 381.1640 |
| Number of shares outstanding at the end of the period |  |  |  | 4 135.0000 |
| Monthly Distribution 1 |  |  |  |  |
| UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| P-4%-mdist | 11.6.2019 | 14.6.2019 | USD | 0.33 |
| P-4%-mdist | 10.7.2019 | 15.7.2019 | USD | 0.34 |
| P-4%-mdist | 12.8.2019 | 16.8.2019 | USD | 0.34 |
| P-4%-mdist | 10.9.2019 | 13.9.2019 | USD | 0.34 |
| P-4%-mdist | 10.10.2019 | 15.10.2019 | USD | 0.33 |
| P-4%-mdist | 11.11.2019 | 14.11.2019 | USD | 0.34 |
| Q-4%-mdist | 11.6.2019 | 14.6.2019 | USD | 0.33 |
| Q-4%-mdist | 10.7.2019 | 15.7.2019 | USD | 0.35 |
| Q-4%-mdist | 12.8.2019 | 16.8.2019 | USD | 0.35 |
| Q-4%-mdist | 10.9.2019 | 13.9.2019 | USD | 0.34 |
| Q-4%-mdist | 10.10.2019 | 15.10.2019 | USD | 0.34 |
| Q-4%-mdist | 11.11.2019 | 14.11.2019 | USD | 0.34 |
| 1  See note 5 |  |  |  |  |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (USD) Semi-Annual Report as of 30 November 2019

## Statement of Investments in Securities and other Net Assets as of 30 November 2019
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Bearer shares |  |  |  |
| Australia |  |  |  |
| AUD	AGL ENERGY NPV | 8 287.00 | 114 404.72 | 0.02 |
| AUD	ALUMINA LTD NPV | 23 044.00 | 36 005.88 | 0.01 |
| AUD	AMP LIMITED NPV(POST RECON) | 42 571.00 | 56 294.28 | 0.01 |
| AUD	APA GROUP NPV | 12 962.00 | 96 442.46 | 0.02 |
| AUD	ARISTOCRAT LEISURE NPV | 7 167.00 | 164 435.98 | 0.03 |
| AUD	ASX LTD NPV | 2 586.00 | 142 924.71 | 0.02 |
| AUD	AURIZON HOLDINGS NPV | 24 419.00 | 95 468.33 | 0.02 |
| AUD	AUSNET SERVICES NPV | 11 781.00 | 13 865.48 | 0.00 |
| AUD	AUST & NZ BANK GRP NPV | 35 682.00 | 599 520.97 | 0.10 |
| AUD	BLUESCOPE STEEL NPV | 5 942.00 | 58 478.91 | 0.01 |
| AUD	BORAL LIMITED NPV | 12 589.00 | 43 768.13 | 0.01 |
| AUD	BRAMBLES LTD NPV | 19 096.00 | 162 102.51 | 0.03 |
| AUD	CALTEX AUSTRALIA NPV | 2 957.00 | 69 123.97 | 0.01 |
| AUD	CHALLENGER LIMITED NPV | 6 265.00 | 34 494.44 | 0.01 |
| AUD	CIMIC GROUP LTD NPV | 1 223.00 | 27 828.26 | 0.00 |
| AUD	CMNWLTH BK OF AUST NPV | 22 052.00 | 1 205 508.92 | 0.20 |
| AUD	COCA-COLA AMATIL NPV | 5 842.00 | 44 968.40 | 0.01 |
| AUD	COCHLEAR LTD NPV | 739.00 | 116 962.15 | 0.02 |
| AUD	COMPUTERSHARE LTD NPV(POST REC) | 6 701.00 | 80 362.22 | 0.01 |
| AUD	CROWN RESORTS LTD NPV | 4 640.00 | 40 517.98 | 0.01 |
| AUD	CSL NPV | 5 642.00 | 1 081 830.21 | 0.18 |
| AUD	DEXUS NPV (STAPLED) | 13 519.00 | 111 834.20 | 0.02 |
| AUD	FLIGHT CENTRE TRAVEL GROUP LTD NPV | 674.00 | 20 073.00 | 0.00 |
| AUD	FORTESCUE METALS G NPV | 16 261.00 | 107 019.69 | 0.02 |
| AUD	GOODMAN GROUP (STAPLED SECURITY) | 19 704.00 | 197 517.78 | 0.03 |
| AUD	GPT GROUP NPV (STAPLED SECURITIES) | 22 772.00 | 94 728.33 | 0.02 |
| AUD	HARVEY NORMAN HLDG NPV | 5 619.00 | 16 342.97 | 0.00 |
| AUD	INCITEC PIVOT NPV | 15 269.00 | 33 359.28 | 0.01 |
| AUD	INSURANCE AUST GRP NPV | 27 406.00 | 146 260.23 | 0.03 |
| AUD	LEND LEASE GROUP NPV | 7 608.00 | 99 370.25 | 0.02 |
| AUD	MACQUARIE GP LTD NPV | 4 104.00 | 383 219.29 | 0.07 |
| AUD	MAGELLAN FINANCIAL NPV | 1 537.00 | 54 570.01 | 0.01 |
| AUD	MEDIBANK PRIVATE L NPV | 32 647.00 | 71 988.72 | 0.01 |
| AUD	MIRVAC GROUP STAPLED SECURITIES | 39 554.00 | 90 162.08 | 0.02 |
| AUD	NATL AUSTRALIA BK NPV | 35 180.00 | 616 072.02 | 0.10 |
| AUD	NEWCREST MINING NPV | 9 222.00 | 191 873.52 | 0.03 |
| AUD	ORICA LIMITED NPV | 5 238.00 | 84 252.14 | 0.01 |
| AUD	ORIGIN ENERGY NPV | 21 697.00 | 127 679.90 | 0.02 |
| AUD	QBE INS GROUP NPV | 16 131.00 | 138 351.59 | 0.02 |
| AUD	RAMSAY HEALTH CARE NPV | 2 249.00 | 111 018.90 | 0.02 |
| AUD	REA GROUP LIMITED NPV | 810.00 | 57 177.17 | 0.01 |
| AUD	RIO TINTO LIMITED NPV | 4 763.00 | 312 182.07 | 0.05 |
| AUD	SANTOS LIMITED NPV | 22 155.00 | 122 132.98 | 0.02 |
| AUD	SCENTRE GROUP NPV STAPLED UNIT | 58 743.00 | 156 551.03 | 0.03 |
| AUD	SEEK LIMITED NPV | 3 790.00 | 59 448.86 | 0.01 |
| AUD	SONIC HEALTHCARE NPV | 5 581.00 | 113 702.65 | 0.02 |
| AUD	SOUL PATTINSON(WH) NPV | 1 286.00 | 19 415.06 | 0.00 |
| AUD	SOUTH32 LTD NPV | 53 162.00 | 97 088.70 | 0.02 |
| AUD	STOCKLAND NPV (STAPLED) | 28 904.00 | 98 730.86 | 0.02 |
| AUD	SUNCORP GROUP LTD NPV | 15 382.00 | 139 210.67 | 0.02 |
| AUD	SYDNEY AIRPORT NPV(STAPLED SECURITY) | 12 051.00 | 74 828.90 | 0.01 |
| AUD	TABCORP HLDGS LTD NPV | 20 137.00 | 65 243.00 | 0.01 |
| AUD	TELSTRA CORP NPV | 46 492.00 | 121 386.15 | 0.02 |
| AUD	TPG TELECOM LTD NPV | 4 194.00 | 19 829.38 | 0.00 |
| AUD	TRANSURBAN GROUP STAPLED UNITS NPV | 33 658.00 | 349 462.26 | 0.06 |
| AUD	TREASURY WINE ESTA NPV | 9 247.00 | 116 962.34 | 0.02 |
| AUD	VICINITY CENTRES NPV (STAPLED SECURITY) | 28 961.00 | 52 499.11 | 0.01 |
| AUD	WESFARMERS LTD NPV | 14 252.00 | 408 449.04 | 0.07 |
| AUD	WESTPAC BKG CORP NPV | 43 074.00 | 714 396.41 | 0.12 |
| AUD	WOODSIDE PETROLEUM NPV | 12 099.00 | 282 421.68 | 0.05 |
| AUD	WOOLWORTHS GRP LTD NPV | 15 921.00 | 428 174.02 | 0.07 |
| AUD	WORLEY LIMITED NPV | 5 513.00 | 55 934.90 | 0.01 |
| Total Australia |  | 10 846 230.05 | 1.84 |
| Austria |  |  |  |
| EUR	ANDRITZ AG NPV(BR) | 931.00 | 36 338.83 | 0.00 |
| EUR	ERSTE GROUP BK AG NPV | 4 352.00 | 155 951.74 | 0.02 |
| EUR	OMV AG NPV(VAR) | 2 012.00 | 114 781.63 | 0.02 |
| EUR	RAIFFEISEN BK INTL NPV (REGD) | 1 627.00 | 38 228.65 | 0.01 |
| EUR	VERBUND AG CLASS’A’NPV | 890.00 | 46 298.39 | 0.01 |
| EUR	VOESTALPINE AG NPV | 1 622.00 | 43 011.43 | 0.01 |
| Total Austria |  | 434 610.67 | 0.07 |
| Belgium |  |  |  |
| EUR	ANHEUSER-BUSCH IN NPV | 10 105.00 | 800 759.22 | 0.13 |
| EUR	COLRUYT SA NPV | 736.00 | 38 141.14 | 0.01 |
| EUR	GALAPAGOS NV NPV | 338.00 | 66 653.60 | 0.01 |
| EUR	GPE BRUXELLES LAM NPV | 1 220.00 | 123 890.34 | 0.02 |
| EUR	PROXIMUS SA NPV | 2 034.00 | 61 404.81 | 0.01 |
| EUR	SOLVAY SA NPV | 1 042.00 | 119 486.56 | 0.02 |
| EUR	UMICORE NPV | 2 508.00 | 107 792.20 | 0.02 |
| Total Belgium |  | 1 318 127.87 | 0.22 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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) |  |
| Canada |  |  |  |  |
| CAD | 1ST CAP REALTY INC COM NPV | 1 500.00 | 24 370.41 | 0.00 |
| CAD | AIR CANADA VAR VTG SHS NPV | 1 045.00 | 39 376.81 | 0.01 |
| CAD | ALTAGAS LTD COM NPV | 2 076.00 | 30 790.29 | 0.01 |
| CAD | ATCO LTD CL 1 NON VTG | 600.00 | 22 762.28 | 0.00 |
| CAD | AURORA CANNABIS IN COM NPV | 5 000.00 | 12 497.65 | 0.00 |
| CAD | BOMBARDIER INC CLASS’B’SUB-VTG NPV | 13 579.00 | 20 139.76 | 0.00 |
| CAD | CAE INC COM NPV | 2 100.00 | 56 426.88 | 0.01 |
| CAD | CAMECO CORP COM | 2 930.00 | 26 691.51 | 0.00 |
| CAD | CANADIAN UTILS LTD CL A | 975.00 | 28 671.94 | 0.01 |
| CAD | CANOPY GROWTH CORP COM NPV | 1 800.00 | 33 215.13 | 0.01 |
| CAD | CI FINANCIAL CORP COM NPV | 1 942.00 | 30 586.59 | 0.01 |
| CAD | EMERA INC COM | 1 983.00 | 81 544.48 | 0.01 |
| CAD | EMPIRE LTD CL A | 1 300.00 | 34 813.48 | 0.01 |
| CAD | HUSKY ENERGY INC COM | 2 604.00 | 18 957.79 | 0.00 |
| CAD | HYDRO ONE INC COM NPV | 2 493.00 | 46 960.18 | 0.01 |
| CAD | IGM FINANCIAL INC COM | 1 126.00 | 32 383.36 | 0.01 |
| CAD | KEYERA CORPORATION COM NPV | 1 670.00 | 40 748.88 | 0.01 |
| CAD | KINROSS GOLD CORP COM NPV | 10 773.00 | 46 555.26 | 0.01 |
| CAD | KIRKLAND LAKE GOLD COM NPV | 1 600.00 | 67 204.22 | 0.01 |
| CAD | LUNDIN MINING CORP COM | 4 800.00 | 25 983.06 | 0.00 |
| CAD | METHANEX CORP COM | 500.00 | 18 607.19 | 0.00 |
| CAD | ONEX CORP SUB VTG | 900.00 | 53 596.84 | 0.01 |
| CAD | PRAIRIESKY ROYALTY COM NPV | 1 600.00 | 16 502.92 | 0.00 |
| CAD | QUEBECOR INC CL B | 1 500.00 | 37 199.32 | 0.01 |
| CAD | STARS GROUP INC(TH COM NPV) | 2 200.00 | 52 720.50 | 0.01 |
| CAD | TELUS CORPORATION NPV | 1 623.00 | 61 266.49 | 0.01 |
| CAD | WEST FRASER TIMBER COM NPV | 400.00 | 17 397.33 | 0.00 |
| CAD | WSP GLOBAL INC COM NPV | 1 000.00 | 64 543.57 | 0.01 |
| Total Canada | 1 042 514.12 | 0.18 |
| Finland |  |  |  |  |
| EUR | KONE CORPORATION NPV ORD ‘B’ | 4 627.00 | 289 880.31 | 0.05 |
| EUR | METSO OYJ NPV | 1 592.00 | 61 085.80 | 0.01 |
| EUR | WARTSILA OYJ ABP SER’B’EUR3.50 | 5 344.00 | 53 832.00 | 0.01 |
| Total Finland	404 798.11	0.07 |
| France |  |  |  |  |
| EUR | ACCOR EUR3 | 2 607.00 | 111 615.99 | 0.02 |
| EUR | ADP EUR3 | 367.00 | 71 826.12 | 0.01 |
| EUR | AIR LIQUIDE(L’) EUR5.5 (POST-SUBDIVISION) | 6 349.00 | 861 400.13 | 0.15 |
| EUR | AIRBUS EUR1 | 7 766.00 | 1 142 276.40 | 0.19 |
| EUR | ALSTOM EUR7.00 | 1 957.00 | 85 405.26 | 0.01 |
| EUR | AMUNDI EUR2.5 (AIW) | 886.00 | 67 113.28 | 0.01 |
| EUR | ARKEMA EUR10 | 979.00 | 101 532.63 | 0.02 |
| EUR | ATOS SE EUR1 | 1 367.00 | 116 179.15 | 0.02 |
| EUR | AXA EUR2.29 | 25 986.00 | 707 565.18 | 0.12 |
| EUR | BIOMERIEUX NPV (POST SPLIT) | 509.00 | 46 048.38 | 0.01 |
| EUR | BNP PARIBAS EUR2 | 15 238.00 | 856 368.32 | 0.14 |
| EUR | BOLLORE EUR0.16 | 10 890.00 | 46 588.38 | 0.01 |
| EUR | BOUYGUES EUR1 | 3 090.00 | 126 332.82 | 0.02 |
| EUR | BUREAU VERITAS EUR0.12 | 3 885.00 | 101 778.36 | 0.02 |
| EUR | CAPGEMINI EUR8 | 2 160.00 | 255 666.48 | 0.04 |
| EUR | CARREFOUR EUR2.50 | 7 961.00 | 131 491.42 | 0.02 |
| EUR | CASINO GUICH-PERR EUR1.53 | 782.00 | 34 437.59 | 0.01 |
| EUR | CIE DE ST-GOBAIN EUR4 | 6 749.00 | 273 473.20 | 0.05 |
| EUR | CNP ASSURANCES EUR1 | 2 167.00 | 42 816.87 | 0.01 |
| EUR | COVIVIO EUR3 | 559.00 | 61 881.88 | 0.01 |
| EUR | CREDIT AGRICOLE SA EUR3 | 15 049.00 | 206 002.44 | 0.03 |
| EUR | DANONE EUR0.25 | 8 275.00 | 681 746.40 | 0.12 |
| EUR | DASSAULT AVIATION EUR8 | 33.00 | 44 936.46 | 0.01 |
| EUR | DASSAULT SYSTEMES EUR0.50 | 1 766.00 | 278 448.40 | 0.05 |
| EUR | EDENRED EUR2 | 3 164.00 | 157 162.62 | 0.03 |
| EUR | EDF EUR0.5 | 8 212.00 | 84 424.64 | 0.01 |
| EUR | EIFFAGE EUR4 | 1 141.00 | 124 674.40 | 0.02 |
| EUR | ENGIE EUR1 | 24 520.00 | 388 233.40 | 0.07 |
| EUR | ESSILORLUXOTTICA EUR0.18 | 3 811.00 | 592 483.21 | 0.10 |
| EUR | EURAZEO NPV | 606.00 | 41 326.66 | 0.01 |
| EUR | EUTELSAT COMMUNICA EUR1 | 2 294.00 | 37 662.24 | 0.01 |
| EUR | FAURECIA EUR7 | 961.00 | 51 009.08 | 0.01 |
| EUR | GETLINK SE EUR0.40 | 5 498.00 | 92 810.67 | 0.02 |
| EUR | HERMES INTL NPV | 416.00 | 311 903.49 | 0.05 |
| EUR | ICADE NPV | 290.00 | 29 049.65 | 0.00 |
| EUR | ILIAD NPV | 292.00 | 37 202.39 | 0.01 |
| EUR | INGENICO GROUP EUR1 | 827.00 | 88 321.81 | 0.01 |
| EUR | IPSEN EUR1 | 486.00 | 54 926.02 | 0.01 |
| EUR | JC DECAUX SA NPV | 787.00 | 22 561.40 | 0.00 |
| EUR | KERING EUR4 | 1 030.00 | 620 875.16 | 0.11 |
| EUR | KLEPIERRE EUR1.40 | 3 008.00 | 108 022.34 | 0.02 |
| EUR | L’OREAL EUR0.20 | 3 390.00 | 966 972.48 | 0.16 |
| EUR | LEGRAND SA EUR4 | 3 634.00 | 287 210.89 | 0.05 |
| EUR | LVMH MOET HENNESSY EUR0.30 | 3 707.00 | 1 664 772.85 | 0.28 |
| EUR | NATIXIS EUR1.6 | 13 893.00 | 58 102.77 | 0.01 |
| EUR | ORANGE EUR4 | 27 188.00 | 449 662.33 | 0.08 |
| EUR | PERNOD RICARD EUR1.55 | 2 860.00 | 525 677.78 | 0.09 |
| EUR | PEUGEOT SA EUR1 | 8 147.00 | 196 904.78 | 0.03 |
| EUR | PUBLICIS GROUPE SA EUR0.40 | 2 755.00 | 121 324.26 | 0.02 |
| EUR | REMY COINTREAU EUR1.60 | 302.00 | 38 925.97 | 0.01 |
| EUR | RENAULT SA EUR3.81 | 2 515.00 | 120 502.42 | 0.02 |
| EUR | SAFRAN EUR0.20 | 4 334.00 | 709 393.32 | 0.12 |
| EUR | SANOFI EUR2 | 15 085.00 | 1 405 631.25 | 0.24 |
| EUR | SARTORIUS STEDIM B EUR0.20 (POST SUBD) | 414.00 | 65 778.25 | 0.01 |
| EUR | SCHNEIDER ELECTRIC EUR8 | 7 277.00 | 702 869.13 | 0.12 |
| EUR | SCOR SE EUR7.876972 (POST CONS) | 2 275.00 | 97 803.10 | 0.02 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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) |  |
|  |  |  |  |  |
| EUR | SEB SA EUR1 | 306.00 | 47 572.78 | 0.01 |
| EUR | SOC GENERALE EUR1.25 | 10 142.00 | 319 374.18 | 0.05 |
| EUR | SODEXO EUR4 | 1 203.00 | 140 336.06 | 0.02 |
| EUR | SUEZ EUR4 | 4 632.00 | 68 615.81 | 0.01 |
| EUR | TELEPERFORMANCE EUR2.50 | 813.00 | 192 728.97 | 0.03 |
| EUR | THALES EUR3 | 1 397.00 | 136 966.34 | 0.02 |
| EUR | TOTAL EUR2.5 | 31 805.00 | 1 670 648.71 | 0.28 |
| EUR | UBISOFT ENTERTAIN EUR0.31 | 1 104.00 | 67 071.60 | 0.01 |
| EUR | UNIBAIL-RODAMCO-WE NPV(1 ORD UNIBAIL-R & 1CLS) | 1 874.00 | 293 204.05 | 0.05 |
| EUR | VALEO EUR1 (POST SUBD) | 3 419.00 | 134 807.67 | 0.02 |
| EUR | VEOLIA ENVIRONNEME EUR5 | 6 990.00 | 179 114.72 | 0.03 |
| EUR | VINCI EUR2.50 | 6 757.00 | 737 427.55 | 0.12 |
| EUR | VIVENDI SA EUR5.50 | 12 360.00 | 339 613.15 | 0.06 |
| EUR | WENDEL EUR4 | 311.00 | 41 937.72 | 0.01 |
| EUR | WORLDLINE EUR0.68 | 1 173.80 | 76 036.12 | 0.01 |
| Total France | 21 152 567.73 | 3.58 |
| Germany |  |  |  |  |
| EUR | BAYERISCHE MOTOREN WERKE AG EUR1 | 4 505.00 | 364 096.71 | 0.06 |
| EUR | BEIERSDORF AG NPV | 1 400.00 | 163 394.29 | 0.03 |
| EUR | CARL ZEISS MEDITEC NPV | 487.00 | 59 603.25 | 0.01 |
| EUR | COMMERZBANK AG NPV | 14 791.00 | 85 799.32 | 0.02 |
| EUR | CONTINENTAL AG ORD NPV | 1 523.00 | 199 160.21 | 0.03 |
| EUR | COVESTRO AG NPV | 2 294.00 | 107 497.99 | 0.02 |
| EUR | DEUTSCHE WOHNEN AG NPV (BR) | 4 643.00 | 181 481.73 | 0.03 |
| EUR | FRAPORT AG NPV | 582.00 | 49 617.26 | 0.01 |
| EUR | FRESENIUS MED CARE NPV | 2 963.00 | 217 451.77 | 0.04 |
| EUR | FRESENIUS SE & CO. KGAA NPV | 5 659.00 | 309 734.41 | 0.05 |
| EUR | GEA GROUP AG NPV | 1 810.00 | 58 214.74 | 0.01 |
| EUR | HEIDELBERGCEMENT NPV | 2 083.00 | 154 109.63 | 0.03 |
| EUR | HENKEL AG & CO KGAA | 1 347.00 | 130 400.75 | 0.02 |
| EUR | HOCHTIEF AG NPV | 336.00 | 41 307.81 | 0.01 |
| EUR | KION GROUP AG NPV | 952.00 | 63 211.44 | 0.01 |
| EUR | KNORR BREMSE AG NPV | 606.00 | 58 986.54 | 0.01 |
| EUR | LANXESS AG NPV | 1 243.00 | 82 917.17 | 0.01 |
| EUR | MERCK KGAA NPV | 1 708.00 | 199 623.52 | 0.03 |
| EUR | METRO AG (NEW) NPV | 2 118.00 | 34 153.86 | 0.01 |
| EUR | PUMA SE NPV | 1 040.00 | 78 205.21 | 0.01 |
| EUR | RWE AG (NEU) NPV | 7 296.00 | 216 479.37 | 0.04 |
| EUR | SAP AG ORD NPV | 13 136.00 | 1 788 453.89 | 0.30 |
| EUR | SYMRISE AG NPV (BR) | 1 813.00 | 175 993.17 | 0.03 |
| EUR | THYSSENKRUPP AG NPV | 5 292.00 | 66 401.84 | 0.01 |
| EUR | VOLKSWAGEN AG ORD NPV | 399.00 | 76 175.16 | 0.01 |
| EUR | WIRECARD AG NPV | 1 591.00 | 210 157.54 | 0.04 |
| EUR | ZALANDO SE NPV | 1 788.00 | 77 083.65 | 0.01 |
| Total Germany	5 249 712.23	0.89 |
| Ireland |  |  |  |  |
| EUR | AIB GROUP PLC ORD EUR0.625 | 7 309.00 | 23 934.94 | 0.00 |
| EUR | BANK OF IRELAND GR EUR1 | 9 786.00 | 49 202.60 | 0.01 |
| GBP | DCC ORD EUR0.25 | 1 069.00 | 91 372.22 | 0.02 |
| EUR | FLUTTER ENTERTAINM ORD EUR0.09 | 926.00 | 106 184.79 | 0.02 |
| EUR | KERRY GROUP ‘A’ORD EUR0.125(DUBLIN LIST) | 1 912.00 | 245 391.13 | 0.04 |
| Total Ireland |  | 516 085.68 | 0.09 |
| Italy |  |  |  |
| EUR	ASSIC GENERALI SPA EUR1 | 13 990.00 | 285 832.18 | 0.05 |
| EUR	FINECOBANK SPA EUR0.33 | 8 113.00 | 100 725.13 | 0.02 |
| EUR	LEONARDO SPA EUR4.40 | 5 881.00 | 68 831.81 | 0.01 |
| EUR	POSTE ITALIANE SPA NPV | 7 596.00 | 88 694.95 | 0.01 |
| EUR	TELECOM ITALIA SPA DI RISP EUR0.55 | 80 126.00 | 49 385.93 | 0.01 |
| EUR	TELECOM ITALIA SPA EUR0.55 | 112 445.00 | 70 446.49 | 0.01 |
| Total Italy |  | 663 916.49 | 0.11 |
| Japan |  |  |  |
| JPY	ACOM CO NPV | 1 600.00 | 6 633.18 | 0.00 |
| JPY	ADVANTEST CORP NPV | 1 300.00 | 63 510.18 | 0.01 |
| JPY	AEON FINANCIAL SER NPV | 800.00 | 12 090.22 | 0.00 |
| JPY	AIR WATER INC NPV | 900.00 | 14 448.00 | 0.00 |
| JPY	AISIN SEIKI CO NPV | 900.00 | 34 024.29 | 0.01 |
| JPY	AMADA CO LTD NPV | 2 700.00 | 30 079.44 | 0.01 |
| JPY	AOZORA BANK LTD | 800.00 | 20 367.09 | 0.00 |
| JPY	ASAHI INTECC CO LT NPV | 1 200.00 | 34 955.71 | 0.01 |
| JPY	BANDAI NAMCO HLDGS NPV | 1 300.00 | 78 788.24 | 0.01 |
| JPY	BENESSE HOLDINGS INC NPV | 400.00 | 10 548.81 | 0.00 |
| JPY	BK OF KYOTO NPV | 600.00 | 24 737.47 | 0.00 |
| JPY	CALBEE INC NPV | 600.00 | 19 313.30 | 0.00 |
| JPY	CENTRAL JAPAN RLWY NPV | 1 000.00 | 201 762.39 | 0.03 |
| JPY	CHIBA BANK NPV | 3 000.00 | 17 094.33 | 0.00 |
| JPY	CHUGAI PHARM CO NPV | 1 500.00 | 130 919.55 | 0.02 |
| JPY	COCA-COLA BOTTLERS NPV | 700.00 | 16 804.86 | 0.00 |
| JPY	CONCORDIA FINANCIA NPV | 6 600.00 | 26 759.20 | 0.00 |
| JPY	CREDIT SAISON CO NPV | 1 100.00 | 18 180.99 | 0.00 |
| JPY	CYBER AGENT NPV | 900.00 | 31 065.66 | 0.01 |
| JPY	DAI-ICHI LIFE HOLD NPV | 6 600.00 | 106 253.31 | 0.02 |
| JPY	DAICEL CORP | 1 700.00 | 16 703.50 | 0.00 |
| JPY	DAIFUKU CO LTD NPV | 700.00 | 40 717.74 | 0.01 |
| JPY	DAIICHI SANKYO COM NPV | 4 000.00 | 250 643.78 | 0.04 |
| JPY	DAIKIN INDUSTRIES NPV | 1 700.00 | 244 420.60 | 0.04 |
| JPY	DAITO TRUST CONST NPV | 500.00 | 61 113.14 | 0.01 |
| JPY	DAIWA HOUSE INDS NPV | 3 900.00 | 119 268.56 | 0.02 |
| JPY	DAIWA HOUSE REIT I REIT | 15.00 | 41 009.95 | 0.01 |
| JPY	DENTSU INC NPV | 1 600.00 | 58 003.84 | 0.01 |
| JPY	DISCO CORPORATION NPV | 200.00 | 43 137.61 | 0.01 |
| JPY	EISAI CO NPV | 1 700.00 | 125 897.18 | 0.02 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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) |  |
|  |  |  |  |  |
| JPY | FANUC CORP NPV | 1 400.00 | 267 254.13 | 0.05 |
| JPY | FAST RETAILING CO NPV | 400.00 | 243 594.19 | 0.04 |
| JPY | FUJI ELECTRIC CO L NPV | 1 000.00 | 30 773.45 | 0.01 |
| JPY | FUKUOKA FINANCIAL NPV | 800.00 | 15 231.49 | 0.00 |
| JPY | GMO PAYMENT GATEWA NPV | 200.00 | 14 172.22 | 0.00 |
| JPY | HANKYU HANSHIN HLD NPV | 1 800.00 | 77 253.22 | 0.01 |
| JPY | HIKARI TSUSHIN INC NPV | 200.00 | 46 607.62 | 0.01 |
| JPY | HIROSE ELECTRIC NPV | 210.00 | 25 811.34 | 0.00 |
| JPY | HISAMITSU PHARM CO NPV | 300.00 | 14 710.99 | 0.00 |
| JPY | HITACHI CHEMICAL NPV | 1 000.00 | 35 978.45 | 0.01 |
| JPY | HITACHI HIGH-TECH NPV | 400.00 | 26 079.81 | 0.00 |
| JPY | HOSHIZAKI CORPORAT NPV | 300.00 | 26 216.78 | 0.00 |
| JPY | HULIC CO LTD NPV | 1 800.00 | 20 233.77 | 0.00 |
| JPY | IDEMITSU KOSAN CO LTD | 1 292.00 | 35 252.45 | 0.01 |
| JPY | IHI CORP NPV | 800.00 | 18 650.35 | 0.00 |
| JPY | ISETAN MITSUKOSHI NPV | 1 900.00 | 16 916.27 | 0.00 |
| JPY | ISUZU MOTORS NPV | 4 400.00 | 51 449.18 | 0.01 |
| JPY | ITOCHU TECHNO-SOLU NPV | 600.00 | 16 014.98 | 0.00 |
| JPY | J FRONT RETAILING NPV | 1 300.00 | 17 070.59 | 0.00 |
| JPY | JAPAN AIRPORT TERM NPV | 500.00 | 25 979.36 | 0.00 |
| JPY | JAPAN EXCHANGE GP NPV | 3 300.00 | 56 079.81 | 0.01 |
| JPY | JAPAN REAL ESTATE INVESTMENT CORP | 10.00 | 68 030.32 | 0.01 |
| JPY | JGC HLDGS CORP NPV | 1 100.00 | 15 981.19 | 0.00 |
| JPY | JSR CORP NPV | 2 000.00 | 35 375.76 | 0.01 |
| JPY | JTEKT CORPORATION NPV | 1 400.00 | 17 386.54 | 0.00 |
| JPY | KAJIMA CORP NPV | 3 000.00 | 39 530.64 | 0.01 |
| JPY | KAKAKU.COM. INC NPV | 1 100.00 | 26 528.17 | 0.01 |
| JPY | KAMIGUMI CO LTD NPV | 1 000.00 | 22 153.23 | 0.00 |
| JPY | KANSAI ELEC POWER NPV | 4 600.00 | 52 422.61 | 0.01 |
| JPY | KANSAI PAINT CO NPV | 1 200.00 | 30 221.90 | 0.01 |
| JPY | KAO CORP NPV | 3 300.00 | 259 516.02 | 0.04 |
| JPY | KAWASAKI HEAVY IND NPV | 1 100.00 | 24 689.98 | 0.00 |
| JPY | KEIHAN HOLDINGS CO NPV | 700.00 | 34 197.79 | 0.01 |
| JPY | KEIKYU CORP | 1 300.00 | 26 721.76 | 0.00 |
| JPY | KEIO CORPORATION NPV | 700.00 | 44 872.61 | 0.01 |
| JPY | KEISEI ELEC RY CO NPV | 1 100.00 | 45 301.80 | 0.01 |
| JPY | KIKKOMAN CORP NPV | 1 100.00 | 55 246.10 | 0.01 |
| JPY | KINTETSU GROUP HOL NPV | 1 000.00 | 56 524.52 | 0.01 |
| JPY | KIRIN HOLDINGS CO LTD NPV | 5 700.00 | 126 117.25 | 0.02 |
| JPY | KOBAYASHI PHARMACE NPV | 400.00 | 32 800.66 | 0.01 |
| JPY | KOITO MFG CO LTD NPV | 700.00 | 36 051.50 | 0.01 |
| JPY | KOMATSU NPV | 6 400.00 | 150 021.00 | 0.03 |
| JPY | KOSE CORPORATION NPV | 200.00 | 31 832.71 | 0.01 |
| JPY | KURARAY CO NPV | 2 400.00 | 28 994.61 | 0.01 |
| JPY | KURITA WATER INDS NPV | 800.00 | 22 354.12 | 0.00 |
| JPY | KYUSHU ELEC POWER NPV | 2 200.00 | 19 366.27 | 0.00 |
| JPY | KYUSHU RAILWAY COR NPV | 800.00 | 27 212.13 | 0.01 |
| JPY | LINE CORP NPV | 400.00 | 18 811.07 | 0.00 |
| JPY | LION CORP NPV | 1 300.00 | 26 175.69 | 0.00 |
| JPY | M3 INC NPV | 3 200.00 | 87 955.44 | 0.02 |
| JPY | MAKITA CORP NPV | 1 400.00 | 46 278.88 | 0.01 |
| JPY | MARUI GROUP NPV | 1 200.00 | 28 863.12 | 0.01 |
| JPY | MARUICHI STL TUBE NPV | 600.00 | 17 258.70 | 0.00 |
| JPY | MCDONALD’S HOLDING NPV | 400.00 | 19 760.75 | 0.00 |
| JPY | MEBUKIFINANCIAL G NPV | 4 700.00 | 12 145.92 | 0.00 |
| JPY | MEIJI HOLDINGS CO NPV | 800.00 | 54 351.20 | 0.01 |
| JPY | MINEBEA MITSUMI INC | 2 400.00 | 46 549.17 | 0.01 |
| JPY | MISUMI GROUP INC NPV | 1 800.00 | 44 543.88 | 0.01 |
| JPY | MITSUBISHI GAS CHM NPV | 800.00 | 12 506.62 | 0.00 |
| JPY | MITSUBISHI MOTOR C NPV | 3 400.00 | 15 213.22 | 0.00 |
| JPY | MITSUBISHI UFJ LEA NV | 1 300.00 | 8 345.36 | 0.00 |
| JPY | MITSUI CHEMICALS NPV | 1 200.00 | 28 742.58 | 0.01 |
| JPY | MITSUI FUDOSAN CO NPV | 6 300.00 | 156 651.45 | 0.03 |
| JPY | MONOTARO CO.LTD NPV | 1 000.00 | 28 125.29 | 0.01 |
| JPY | NABTESCO CORP NPV | 1 000.00 | 30 682.13 | 0.01 |
| JPY | NAGOYA RAILROAD CO NPV | 1 400.00 | 44 553.01 | 0.01 |
| JPY | NH FOODS LTD NPV | 500.00 | 20 956.99 | 0.00 |
| JPY | NIDEC CORPORATION NPV | 1 600.00 | 236 544.61 | 0.04 |
| JPY | NIPPON BUILDING FD REIT | 10.00 | 75 061.64 | 0.01 |
| JPY | NIPPON EXPRESS CO NPV | 500.00 | 31 686.60 | 0.01 |
| JPY | NIPPON PAINT HLDGS NPV | 1 200.00 | 63 994.16 | 0.01 |
| JPY | NIPPON STEEL CORP NPV | 5 400.00 | 79 168.11 | 0.01 |
| JPY | NISSAN CHEMICAL CO NPV | 800.00 | 31 668.34 | 0.01 |
| JPY | NISSHIN SEIFUN GRP NPV | 1 800.00 | 33 794.17 | 0.01 |
| JPY | NISSIN FOODS HLDG NPV | 400.00 | 29 951.60 | 0.01 |
| JPY | NITORI HOLDINGS CO LTD | 600.00 | 93 964.02 | 0.02 |
| JPY | NITTO DENKO CORP NPV | 1 000.00 | 56 067.94 | 0.01 |
| JPY | NOMURA REAL ESTATE HOLDINGS INC | 800.00 | 19 322.44 | 0.00 |
| JPY | NSK LTD NPV | 1 800.00 | 17 390.19 | 0.00 |
| JPY | OBAYASHI CORP NPV | 5 100.00 | 54 022.46 | 0.01 |
| JPY | OBIC CO LTD NPV | 500.00 | 66 340.97 | 0.01 |
| JPY | ODAKYU ELEC RLWY NPV | 2 300.00 | 56 518.13 | 0.01 |
| JPY | OJI HOLDINGS CO NPV | 6 000.00 | 34 243.45 | 0.01 |
| JPY | OLYMPUS CORP NPV | 8 000.00 | 118 637.57 | 0.02 |
| JPY | ONO PHARMACEUTICAL NPV | 2 700.00 | 60 528.71 | 0.01 |
| JPY | ORACLE CORP JAPAN NPV | 400.00 | 36 782.03 | 0.01 |
| JPY | ORIENTAL LAND CO NPV | 1 400.00 | 193 617.02 | 0.03 |
| JPY | PAN PACIFIC INTERNATIONAL HOLDINGS CORP | 3 200.00 | 51 838.19 | 0.01 |
| JPY | PEPTIDREAM INC NPV | 600.00 | 27 559.13 | 0.01 |
| JPY | PERSOL HOLDINGS CO NPV | 1 600.00 | 29 411.01 | 0.01 |
| JPY | PIGEON CORP NPV | 800.00 | 37 183.82 | 0.01 |
| JPY | POLA ORBIS HOLDINGS IN NPV | 1 000.00 | 24 637.02 | 0.00 |
| JPY | RAKUTEN INC NPV | 5 600.00 | 48 528.90 | 0.01 |
| JPY | RECRUIT HLDGS CO L NPV | 9 500.00 | 343 703.77 | 0.06 |
| JPY | RINNAI CORP NPV | 200.00 | 15 341.06 | 0.00 |
| JPY | RYOHIN KEIKAKU CO NPV | 2 000.00 | 45 530.09 | 0.01 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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) |  |
|  |  |  |  |  |
| JPY | SANKYO CO LTD NPV | 200.00 | 6 757.37 | 0.00 |
| JPY | SBI HOLDINGS INC NPV | 1 500.00 | 31 134.14 | 0.01 |
| JPY | SECOM CO NPV | 1 500.00 | 127 481.51 | 0.02 |
| JPY | SEIBU HOLDINGS INC NPV | 1 200.00 | 21 137.80 | 0.00 |
| JPY | SEKISUI HOUSE NPV | 4 700.00 | 101 502.15 | 0.02 |
| JPY | SEVEN BANK NPV | 1 900.00 | 5 881.65 | 0.00 |
| JPY | SHARP CORP NPV | 1 900.00 | 28 696.92 | 0.01 |
| JPY | SHIMANO INC NPV | 500.00 | 80 814.54 | 0.01 |
| JPY | SHIMIZU CORP NPV | 4 000.00 | 38 279.61 | 0.01 |
| JPY | SHIN-ETSU CHEMICAL NPV | 2 600.00 | 278 020.27 | 0.05 |
| JPY | SHINSEI BANK NPV | 1 300.00 | 20 453.84 | 0.00 |
| JPY | SHIONOGI & CO NPV | 1 900.00 | 111 699.39 | 0.02 |
| JPY | SHISEIDO CO LTD NPV | 2 800.00 | 202 118.53 | 0.03 |
| JPY | SHIZUOKA BANK NPV | 3 000.00 | 22 819.83 | 0.00 |
| JPY | SHOWA DENKO KK NPV | 1 200.00 | 32 029.95 | 0.01 |
| JPY | SMC CORP NPV | 400.00 | 181 207.20 | 0.03 |
| JPY | SONY FINANCIAL HOL NPV | 1 000.00 | 23 194.23 | 0.00 |
| JPY | STANLEY ELECTRIC NPV | 1 200.00 | 33 202.45 | 0.01 |
| JPY | SUMITOMO HEAVY IND NPV | 600.00 | 17 149.12 | 0.00 |
| JPY | SUMITOMO METAL MNG NPV | 1 700.00 | 51 476.58 | 0.01 |
| JPY | SUMITOMO RUBBER NPV | 1 500.00 | 19 053.05 | 0.00 |
| JPY | SUNDRUG CO LTD NPV | 400.00 | 14 026.12 | 0.00 |
| JPY | SUNTORY BEVERAGE & NPV | 900.00 | 39 037.53 | 0.01 |
| JPY | SUZUKEN CO LTD NPV | 400.00 | 17 477.86 | 0.00 |
| JPY | SUZUKI MOTOR CORP NPV | 2 500.00 | 110 857.46 | 0.02 |
| JPY | SYSMEX CORP NPV | 1 200.00 | 83 137.61 | 0.01 |
| JPY | T&D HOLDINGS INC NPV | 3 600.00 | 42 341.34 | 0.01 |
| JPY | TAIHEIYO CEMENT NPV | 600.00 | 17 340.88 | 0.00 |
| JPY | TAISEI CORP NPV | 1 500.00 | 58 830.24 | 0.01 |
| JPY | TAISHO PHARM H NPV | 200.00 | 14 756.64 | 0.00 |
| JPY | TAIYO NIPPON SANSO NPV | 700.00 | 15 577.57 | 0.00 |
| JPY | TEIJIN LTD NPV | 1 500.00 | 28 202.90 | 0.01 |
| JPY | TERUMO CORP NPV | 4 600.00 | 161 342.34 | 0.03 |
| JPY | THK CO LTD NPV | 600.00 | 16 847.78 | 0.00 |
| JPY | TOBU RAILWAY CO NPV | 1 200.00 | 43 886.40 | 0.01 |
| JPY | TOHO CO LTD NPV | 1 000.00 | 40 589.90 | 0.01 |
| JPY | TOHO GAS CO NPV | 500.00 | 18 879.55 | 0.00 |
| JPY | TOHOKU ELEC POWER NPV | 2 400.00 | 23 778.65 | 0.00 |
| JPY | TOKYO CENTURY CORP NPV | 400.00 | 21 331.39 | 0.00 |
| JPY | TOKYO GAS CO NPV | 2 500.00 | 60 371.20 | 0.01 |
| JPY | TOKYU CORP NPV | 3 700.00 | 72 945.85 | 0.01 |
| JPY | TORAY INDS INC NPV | 10 800.00 | 71 401.70 | 0.01 |
| JPY | TOSOH CORP NPV | 1 400.00 | 20 838.28 | 0.00 |
| JPY | TOTO LTD NPV | 1 000.00 | 43 740.30 | 0.01 |
| JPY | TOYO SUISAN KAISHA NPV | 600.00 | 25 860.65 | 0.00 |
| JPY | TOYODA GOSEI NPV | 100.00 | 2 334.95 | 0.00 |
| JPY | TOYOTA INDUSTRIES NPV | 800.00 | 46 972.88 | 0.01 |
| JPY | TOYOTA TSUSHO CORP NPV | 1 500.00 | 52 392.48 | 0.01 |
| JPY | TSURUHA HOLDINGS I NPV | 300.00 | 35 695.37 | 0.01 |
| JPY | USS CO LTD NPV | 1 200.00 | 23 252.67 | 0.00 |
| JPY | WELCIA HOLDINGS CO NPV | 300.00 | 18 381.88 | 0.00 |
| JPY | YAKULT HONSHA CO NPV | 700.00 | 41 037.35 | 0.01 |
| JPY | YAMAHA CORP NPV | 1 000.00 | 55 063.46 | 0.01 |
| JPY | YAMATO HOLDINGS CO NPV | 2 000.00 | 34 188.66 | 0.01 |
| JPY | ZOZO INC NPV | 940.00 | 18 703.86 | 0.00 |
| Total Japan | 9 897 075.21 | 1.68 |
| Jersey |  |  |  |  |
| GBP | GLENCORE XSTRATA ORD USD0.01 | 116 059.00 | 366 148.33 | 0.06 |
| Total Jersey |  | 366 148.33 | 0.06 |
| Luxembourg |  |  |  |
| EUR	AROUNDTOWN SA EUR0.01 | 12 701.00 | 110 380.49 | 0.02 |
| EUR	EUROFINS SCIENTIFI EUR0.10 | 152.00 | 79 875.87 | 0.01 |
| Total Luxembourg |  | 190 256.36 | 0.03 |
| The Netherlands |  |  |  |
| USD	AERCAP HOLDINGS EUR0.01 | 1 847.00 | 114 163.07 | 0.02 |
| EUR	AKZO NOBEL NV EUR0.50(POST REV SPLIT) | 3 135.00 | 300 452.10 | 0.05 |
| EUR	ALTICE EUROPE N.V. EUR0.01 (COMMON SHARES A) | 5 510.00 | 32 818.91 | 0.00 |
| EUR	EXOR NV EUR0.01 | 1 494.00 | 114 387.43 | 0.02 |
| EUR	HEINEKEN HOLDING EUR1.6 | 1 638.00 | 157 127.12 | 0.03 |
| EUR	HEINEKEN NV EUR1.60 | 3 555.00 | 368 612.63 | 0.06 |
| EUR	ING GROEP N.V. EUR0.01 | 51 599.00 | 594 191.10 | 0.10 |
| EUR	KON KPN NV EUR0.04 | 50 004.00 | 154 155.81 | 0.03 |
| EUR	KONINKLIJKE AHOLD EUR0.01 | 16 087.00 | 414 792.06 | 0.07 |
| EUR	KONINKLIJKE PHILIPS NV EUR0.20 | 12 153.00 | 564 738.70 | 0.10 |
| USD	NXP SEMICONDUCTORS EUR0.20 | 3 831.00 | 442 786.98 | 0.07 |
| EUR	QIAGEN NV EUR0.01 | 3 088.00 | 132 311.65 | 0.02 |
| EUR	RANDSTAD N.V. EUR0.10 | 1 524.00 | 88 823.96 | 0.01 |
| GBP	ROYAL DUTCH SHELL ‘B’SHS EUR0.07 (UK LIST) | 39 639.00 | 1 122 623.36 | 0.19 |
| EUR	STMICROELECTRONICS EUR1.04 | 8 746.00 | 215 046.47 | 0.04 |
| EUR	VOPAK(KON) EUR0.50 | 855.00 | 45 618.37 | 0.01 |
| EUR	WOLTERS KLUWER EUR0.12 | 3 859.00 | 277 251.46 | 0.05 |
| Total The Netherlands |  | 5 139 901.18 | 0.87 |
| Papua New Guinea |  |  |  |
| AUD	OIL SEARCH LTD PGK0.10 | 15 068.00 | 75 828.44 | 0.01 |
| Total Papua New Guinea |  | 75 828.44 | 0.01 |
| Spain |  |  |  |
| EUR	ACS ACTIVIDADES CO EUR0.5 | 3 554.00 | 138 445.57 | 0.02 |
| EUR	AENA SME S.A. EUR10 | 885.00 | 162 666.03 | 0.03 |
| EUR	AMADEUS IT GROUP EUR0.01 | 5 962.00 | 475 278.60 | 0.08 |
| EUR	BANKIA S.A. EUR1 (POST CONS) | 17 436.00 | 33 807.05 | 0.01 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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) |  |
|  |  |  |  |  |
| EUR | BCO DE SABADELL EUR0.125 | 84 848.00 | 94 208.28 | 0.02 |
| EUR | CAIXABANK SA EUR1 | 47 268.00 | 139 623.31 | 0.02 |
| EUR | CELLNEX TELECOM SA EUR0.25 | 3 167.00 | 136 185.43 | 0.02 |
| EUR | ENAGAS SA EUR1.50 | 3 379.00 | 84 237.75 | 0.02 |
| EUR | ENDESA SA EUR1.2 | 4 465.00 | 121 502.33 | 0.02 |
| EUR | FERROVIAL SA EUR0.2 | 6 158.00 | 182 985.40 | 0.03 |
| EUR | GRIFOLS SA EUR0.25 (CLASS A) POST SUBD | 4 101.00 | 140 219.86 | 0.02 |
| EUR | IBERDROLA SA EUR0.75 (POST SUBDIVISION) | 79 324.00 | 780 866.47 | 0.13 |
| EUR | INDITEX EUR0.03 (POST SUBD) | 14 206.00 | 442 651.52 | 0.08 |
| EUR | NATURGY ENERGY GRO EUR1 | 4 247.00 | 110 512.72 | 0.02 |
| EUR | RED ELECTRICA CORP EUR0.5 | 5 983.00 | 117 094.19 | 0.02 |
| EUR | REPSOL SA EUR1 | 18 957.00 | 298 689.41 | 0.05 |
| EUR | SIEMENS GAMESA RENEWABLE ENERGY | 3 440.00 | 54 940.79 | 0.01 |
| EUR | TELEFONICA SA EUR1 | 62 788.00 | 481 287.30 | 0.08 |
| Total Spain |  | 3 995 202.01 | 0.68 |
| Switzerland |  |  |  |
| CHF	PARGESA HLDGS SA CHF20(BR) | 732.00 | 57 792.37 | 0.01 |
| CHF	SWATCH GROUP CHF2.25(BR) | 534.00 | 149 617.25 | 0.03 |
| CHF	SWISS RE AG CHF0.10 | 5 550.00 | 601 455.95 | 0.10 |
| CHF	VIFOR PHARMA AG CHF0.01 | 802.00 | 143 089.61 | 0.02 |
| Total Switzerland |  | 951 955.18 | 0.16 |
| United Kingdom |  |  |  |
| GBP	3I GROUP ORD GBP0.738636 | 10 848.00 | 150 281.52 | 0.03 |
| GBP	ASTRAZENECA ORD USD0.25 | 13 915.00 | 1 342 369.34 | 0.23 |
| GBP	AVIVA ORD GBP0.25 | 41 287.00 | 215 648.32 | 0.04 |
| GBP	BAE SYSTEMS ORD GBP0.025 | 33 243.00 | 246 560.97 | 0.04 |
| GBP	BARRATT DEVEL ORD GBP0.10 | 10 971.00 | 94 625.51 | 0.02 |
| GBP	BRIT AMER TOBACCO ORD GBP0.25 | 24 350.00 | 963 799.79 | 0.16 |
| GBP	BRITISH LAND CO PLC REIT | 10 296.00 | 76 657.70 | 0.01 |
| GBP	BT GROUP ORD GBP0.05 | 88 318.00 | 218 836.87 | 0.04 |
| GBP	BUNZL ORD GBP0.32142857 | 3 462.00 | 95 070.00 | 0.02 |
| USD	COCA-COLA EUROPEAN ORD EUR0.01 | 3 286.00 | 165 811.56 | 0.03 |
| GBP	EVRAZ PLC ORD USD1 | 4 644.00 | 22 249.99 | 0.00 |
| GBP	HALMA ORD GBP0.10 | 3 640.00 | 99 157.64 | 0.02 |
| GBP	INFORMA PLC (GB) ORD GBP0.001 | 12 764.00 | 130 662.00 | 0.02 |
| GBP	ITV ORD GBP0.10 | 33 360.00 | 62 612.33 | 0.01 |
| GBP	JOHNSON MATTHEY ORD GBP1.109245 | 2 141.00 | 79 592.08 | 0.01 |
| GBP	KINGFISHER ORD GBP0.157142857 | 25 757.00 | 69 931.71 | 0.01 |
| GBP	LAND SECURITIES GP ORD GBP0.106666666 | 7 582.00 | 93 993.33 | 0.02 |
| GBP	LLOYDS BANKING GP ORD GBP0.1 | 760 596.00 | 601 612.61 | 0.10 |
| GBP	MARKS & SPENCER GP ORD GBP0.25 | 24 075.00 | 60 522.55 | 0.01 |
| GBP	MEGGITT ORD GBP0.05 | 9 041.00 | 75 195.85 | 0.01 |
| GBP	MELROSE INDUST PLC ORD GBP0.0685714 | 51 497.00 | 152 939.70 | 0.03 |
| GBP	NATIONAL GRID ORD GBP0.12431289 | 35 464.00 | 408 129.27 | 0.07 |
| GBP	OCADO GROUP PLC ORD GBP0.02 | 4 396.00 | 75 342.49 | 0.01 |
| GBP	RECKITT BENCK GRP ORD GBP0.10 | 7 507.00 | 589 027.07 | 0.10 |
| GBP	RELX PLC GBP0.1444 | 20 790.00 | 503 684.63 | 0.09 |
| GBP	RENTOKIL INITIAL ORD GBP0.01 | 20 022.00 | 115 222.24 | 0.02 |
| GBP	ROLLS-ROYCE HLDGS ORD GBP0.20 | 17 786.00 | 163 712.06 | 0.03 |
| GBP	SAGE GROUP GBP0.01051948 | 11 798.00 | 115 035.25 | 0.02 |
| GBP	SEVERN TRENT ORD GBP0.9789 | 2 679.00 | 77 726.38 | 0.01 |
| GBP	SMITHS GROUP ORD GBP0.375 | 4 305.00 | 92 493.08 | 0.02 |
| GBP	SPIRAX-SARCO ENG ORD GBP0.269230769 | 709.00 | 81 850.42 | 0.01 |
| GBP	SSE PLC ORD GBP0.50 | 10 957.00 | 184 247.43 | 0.03 |
| GBP	ST JAMES’S PLACE ORD GBP0.15 | 5 582.00 | 78 593.15 | 0.01 |
| EUR	UNILEVER EUR0.16 | 19 410.00 | 1 151 398.87 | 0.19 |
| GBP	UNITED UTILITIES G ORD GBP0.05 | 7 493.00 | 82 713.19 | 0.01 |
| GBP	WEIR GROUP ORD GBP0.125 | 3 176.00 | 57 329.32 | 0.01 |
| GBP	WHITBREAD ORD GBP0.76797385 | 1 553.00 | 92 425.14 | 0.02 |
| GBP	WPP PLC ORD GBP0.10 | 13 624.00 | 176 314.55 | 0.03 |
| Total United Kingdom |  | 9 063 375.91 | 1.54 |
| Total Bearer shares |  | 71 308 305.57 | 12.08 |
| Participation certificates |  |  |  |
| Switzerland |  |  |  |
| CHF	LINDT & SPRUENGLI PTG CERT CHF10 | 20.00 | 152 599.19 | 0.02 |
| CHF	SCHINDLER-HLDG AG PTG CERT CHF0.10(POST-SUBD) | 704.00 | 175 621.35 | 0.03 |
| Total Switzerland |  | 328 220.54 | 0.05 |
| Total Participation certificates |  | 328 220.54 | 0.05 |
| Other shares |  |  |  |
| Switzerland |  |  |  |
| CHF	ROCHE HLDGS AG GENUSSCHEINE NPV | 12 972.00 | 4 000 570.77 | 0.68 |
| Total Switzerland |  | 4 000 570.77 | 0.68 |
| Total Other shares |  | 4 000 570.77 | 0.68 |
| Preference shares |  |  |  |
| Germany |  |  |  |
| EUR	BAYERISCHE MOTORENWERKE AG EUR1 | 728.00 | 44 950.80 | 0.01 |
| EUR	FUCHS PETROLUB SE NON-VTG PRF NPV | 762.00 | 32 935.10 | 0.00 |
| EUR	HENKEL AG&CO. KGAA NON-VTG PRF NPV | 2 443.00 | 258 267.33 | 0.04 |
| EUR	PORSCHE AUTO HL SE NON VTG PRF NPV | 2 038.00 | 150 960.09 | 0.03 |
| EUR	SARTORIUS AG NON VTG PRF NPV | 455.00 | 95 971.96 | 0.02 |
| EUR	VOLKSWAGEN AG NON VTG PRF NPV | 2 502.00 | 484 097.59 | 0.08 |
| Total Germany |  | 1 067 182.87 | 0.18 |
| Total Preference shares |  | 1 067 182.87 | 0.18 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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) |  |
| Registered shares |  |  |  |
| Australia |  |  |  |
| AUD	BENDIGO & ADELAIDE NPV | 5 870.00 | 39 823.79 | 0.01 |
| AUD	BHP GROUP LTD NPV | 36 206.00 | 936 242.70 | 0.16 |
| GBP	BHP GROUP PLC ORD USD0.50 | 22 782.00 | 503 911.64 | 0.08 |
| AUD	COLES GROUP LTD NPV | 13 993.00 | 153 898.71 | 0.03 |
| Total Australia |  | 1 633 876.84 | 0.28 |
| Belgium |  |  |  |
| EUR	AGEAS NPV | 2 538.00 | 152 456.77 | 0.03 |
| EUR	KBC GROUP NV NPV | 3 507.00 | 255 751.36 | 0.04 |
| EUR	TELENET GRP HLDG NPV | 648.00 | 29 265.30 | 0.01 |
| EUR	UCB NPV | 1 743.00 | 141 369.95 | 0.02 |
| Total Belgium |  | 578 843.38 | 0.10 |
| Canada |  |  |  |
| CAD	1ST QUANTUM MINLS COM NPV | 5 100.00 | 46 651.61 | 0.01 |
| CAD	AGNICO EAGLE MINES LTD COM | 2 038.00 | 121 090.88 | 0.02 |
| CAD	ALIMENTATION COUCHE TARD INC SUB VTG SH | 7 232.00 | 236 629.19 | 0.04 |
| CAD	BANK NOVA SCOTIA HALIFAX COM | 10 203.00 | 575 654.30 | 0.10 |
| CAD	BANK OF MONTREAL COM NPV | 5 338.00 | 410 803.96 | 0.07 |
| CAD	BARRICK GOLD CORP COM NPV | 14 887.00 | 248 593.01 | 0.04 |
| CAD	BCE INC COM NEW | 1 220.00 | 58 729.00 | 0.01 |
| CAD	BLACKBERRY LTD NPV | 3 767.00 | 20 788.34 | 0.00 |
| CAD	BROOKFIELD ASSET M LTD VTG SHS NPV CL’A’ | 7 586.00 | 438 911.42 | 0.07 |
| CAD	CAN PACIFIC RYS COM NPV | 1 192.00 | 282 301.86 | 0.05 |
| CAD	CANADIAN NAT RES LTD COM | 10 198.00 | 284 922.10 | 0.05 |
| CAD	CANADIAN NATL RY CO COM | 6 067.00 | 550 905.98 | 0.09 |
| CAD	CANADIAN TIRE LTD CL A | 456.00 | 53 130.48 | 0.01 |
| CAD	CCL INDUSTRIES INC ‘B’NON-VTG COM NPV | 1 100.00 | 47 047.62 | 0.01 |
| CAD	CDN IMPERIAL BK OF COMMERCE COM | 3 730.00 | 324 235.50 | 0.05 |
| CAD	CENOVUS ENERGY INC COM NPV | 9 319.00 | 82 367.82 | 0.01 |
| CAD	CGI INC COM NPV SUB VOTING SHARES C | 2 127.00 | 176 261.16 | 0.03 |
| CAD	CONSTELLATION SOFT COM STK NPV | 164.00 | 175 329.67 | 0.03 |
| CAD	CRONOS GROUP INC COM NPV | 1 300.00 | 8 837.94 | 0.00 |
| CAD	DOLLARAMA INC COM NPV | 2 400.00 | 87 796.73 | 0.01 |
| CAD	ENBRIDGE INC COM NPV | 17 429.00 | 660 025.37 | 0.11 |
| CAD	ENCANA CORP COM NPV | 13 095.00 | 51 364.54 | 0.01 |
| CAD	FAIRFAX FINL HLDGS LTD SUB VTG | 216.00 | 97 573.62 | 0.02 |
| CAD	FORTIS INC COM NPV | 3 650.00 | 143 004.71 | 0.02 |
| CAD	FRANCO NEVADA CORP COM NPV | 1 554.00 | 152 878.74 | 0.03 |
| CAD	GILDAN ACTIVEWEAR INC COM | 1 900.00 | 55 787.69 | 0.01 |
| CAD	GREAT WEST LIFECO INC COM | 2 349.00 | 59 156.07 | 0.01 |
| CAD	IA FINANCIAL CORP COM NPV | 800.00 | 40 956.15 | 0.01 |
| CAD	IMPERIAL OIL LTD COM NEW | 2 106.00 | 52 735.22 | 0.01 |
| CAD	INTACT FINL CORP COM NPV | 1 160.00 | 119 619.95 | 0.02 |
| CAD	INTER PIPELINE LTD COM NPV | 3 700.00 | 61 283.64 | 0.01 |
| CAD	LOBLAW COS LTD COM | 1 685.00 | 90 830.79 | 0.02 |
| CAD	MAGNA INTL INC COM NPV | 2 714.00 | 149 527.97 | 0.02 |
| CAD	MANULIFE FINL CORP COM | 16 369.00 | 322 019.18 | 0.05 |
| CAD	METRO INC CL A SUB | 2 224.00 | 97 415.64 | 0.02 |
| CAD	NATL BK OF CANADA COM NPV | 2 921.00 | 156 468.40 | 0.03 |
| CAD	NUTRIEN LTD NPV | 5 131.00 | 242 208.70 | 0.04 |
| CAD	OPEN TEXT CO COM NPV | 2 400.00 | 104 492.38 | 0.02 |
| CAD	PEMBINA PIPELINE C COM NPV | 4 300.00 | 150 147.94 | 0.03 |
| CAD	POWER CORP CDA COM | 2 774.00 | 67 332.02 | 0.01 |
| CAD	POWER FINANCIAL CORP COM | 2 626.00 | 64 214.18 | 0.01 |
| CAD	RESTAURANT BRANDS COM NPV | 2 000.00 | 131 405.99 | 0.02 |
| CAD	ROGERS COMMS INC CLASS’B’COM CAD1.62478 | 3 111.00 | 150 883.21 | 0.03 |
| CAD	ROYAL BK OF CANADA COM NPV | 12 152.00 | 994 757.73 | 0.17 |
| CAD	SAPUTO INC COM | 2 159.00 | 65 261.70 | 0.01 |
| CAD	SHAW COMMUNICATIONS INC CL B CONV | 3 543.00 | 73 220.67 | 0.01 |
| CAD	SHOPIFY INC COM NPV CL A | 800.00 | 268 292.87 | 0.05 |
| CAD	SUN LIFE FINL INC COM | 5 094.00 | 232 446.71 | 0.04 |
| CAD	SUNCOR ENERGY INC COM NPV ‘NEW’ | 13 658.00 | 426 012.38 | 0.07 |
| CAD	TC ENERGY CORPORAT COM NPV | 8 013.00 | 405 400.79 | 0.07 |
| CAD	TECK RESOURCES LTD CLASS’B’SUB-VTG COM NPV | 4 750.00 | 74 383.59 | 0.01 |
| CAD	THOMSON-REUTERS CP COM NPV(POST REV SPLIT) | 1 700.00 | 118 875.21 | 0.02 |
| CAD	TORONTO-DOMINION COM NPV | 15 517.00 | 894 746.49 | 0.15 |
| CAD	WESTON GEORGE LTD COM | 718.00 | 58 402.20 | 0.01 |
| CAD	WHEATON PRECIOUS M COM NPV | 4 007.00 | 110 111.42 | 0.02 |
| Total Canada |  | 11 174 232.43 | 1.89 |
| Finland |  |  |  |
| EUR	ELISA CORPORATION EUR0.50 | 2 024.00 | 108 257.94 | 0.02 |
| EUR	FORTUM OYJ EUR3.40 | 5 898.00 | 139 102.05 | 0.02 |
| EUR	NESTE OIL OYJ NPV | 5 833.00 | 197 317.37 | 0.03 |
| EUR	NOKIA OYJ NPV | 76 508.00 | 270 914.82 | 0.05 |
| EUR	NOKIAN RENKAAT OYJ NPV | 1 868.00 | 50 585.17 | 0.01 |
| EUR	ORION CORP SER’B’NPV | 1 529.00 | 66 592.08 | 0.01 |
| EUR	SAMPO OYJ SER’A’NPV | 6 061.00 | 245 260.91 | 0.04 |
| EUR	STORA ENSO OYJ NPV SER’R’ | 7 915.00 | 106 470.36 | 0.02 |
| EUR	UPM-KYMMENE CORP NPV | 6 895.00 | 230 505.59 | 0.04 |
| Total Finland |  | 1 415 006.29 | 0.24 |
| France |  |  |  |
| EUR	BOLLORE EUR0.16 (RFD 01/01/2020) | 63.00 | 264.66 | 0.00 |
| EUR	GECINA EUR7.50 | 624.00 | 107 881.91 | 0.02 |
| EUR	MICHELIN (CGDE) EUR2 | 2 310.00 | 277 368.95 | 0.05 |
| Total France |  | 385 515.52 | 0.07 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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) |  |
| Germany |  |  |  |  |
| EUR | ADIDAS AG NPV (REGD) | 2 396.00 | 746 977.32 | 0.13 |
| EUR | ALLIANZ SE NPV(REGD)(VINKULIERT) | 5 680.00 | 1 361 212.62 | 0.23 |
| EUR | AXEL SPRINGER SE NPV (ASD 02/08/19 TRAVIATA) | 715.00 | 49 272.44 | 0.01 |
| EUR | BASF SE NPV | 12 238.00 | 920 534.67 | 0.16 |
| EUR | BAYER AG NPV (REGD) | 12 408.00 | 939 888.88 | 0.16 |
| EUR | BRENNTAG AG | 2 160.00 | 115 294.03 | 0.02 |
| EUR | DAIMLER AG ORD NPV(REGD) | 12 033.00 | 679 300.39 | 0.12 |
| EUR | DELIVERY HERO SE NPV | 1 466.00 | 77 587.76 | 0.01 |
| EUR | DEUTSCHE BANK AG NPV(REGD) | 27 155.00 | 195 934.58 | 0.03 |
| EUR | DEUTSCHE BOERSE AG NPV(REGD) | 2 593.00 | 398 121.57 | 0.07 |
| EUR | DEUTSCHE LUFTHANSA ORD NPV (REGD)(VINK) | 3 049.00 | 57 890.67 | 0.01 |
| EUR | DEUTSCHE POST AG NPV(REGD) | 13 452.00 | 501 920.81 | 0.08 |
| EUR | DEUTSCHE TELEKOM NPV(REGD) | 44 371.00 | 745 397.91 | 0.13 |
| EUR | E.ON SE NPV | 30 128.00 | 315 515.33 | 0.05 |
| EUR | EVONIK INDUSTRIES NPV | 2 443.00 | 70 950.79 | 0.01 |
| EUR | HANNOVER RUECKVERS ORD NPV(REGD) | 711.00 | 132 095.34 | 0.02 |
| EUR | INFINEON TECHNOLOG AG NPV (REGD) | 17 038.00 | 364 224.88 | 0.06 |
| EUR | MTU AERO ENGINES H NPV (REGD) | 680.00 | 184 367.95 | 0.03 |
| EUR | MUENCHENER RUECKVE NPV(REGD) | 1 964.00 | 564 330.97 | 0.10 |
| EUR | SIEMENS AG NPV(REGD) | 10 192.00 | 1 316 159.33 | 0.22 |
| EUR | SIEMENS HEALTHINEE NPV | 2 208.00 | 107 168.49 | 0.02 |
| EUR | TELEFONICA DEUTSCH NPV | 14 536.00 | 44 411.91 | 0.01 |
| GBP | TUI AG NPV (REGD) | 5 415.00 | 74 490.76 | 0.01 |
| EUR | UNIPER SE NPV | 2 447.00 | 79 053.22 | 0.01 |
| EUR | UNITED INTERNET AG NPV(REGD) | 1 679.00 | 56 926.41 | 0.01 |
| EUR | VONOVIA SE NPV | 6 733.00 | 351 071.78 | 0.06 |
| Total Germany	10 450 100.81	1.77 |
| Ireland |  |  |  |  |
| EUR | CRH ORD EUR0.32 | 10 490.00 | 401 696.70 | 0.07 |
| GBP | EXPERIAN ORD USD0.10 | 9 805.00 | 325 059.33 | 0.05 |
| EUR | KINGSPAN GROUP ORD EUR0.13(DUBLIN LISTING) | 1 661.00 | 89 593.00 | 0.02 |
| EUR | SMURFIT KAPPA GRP ORD EUR0.001 | 2 490.00 | 88 404.26 | 0.01 |
| Total Ireland |  | 904 753.29 | 0.15 |
| Isle of Man |  |  |  |
| GBP	GVC HLDGS PLC ORD EUR0.01 | 6 983.00 | 76 920.86 | 0.01 |
| Total Isle of Man |  | 76 920.86 | 0.01 |
| Italy |  |  |  |
| EUR	ATLANTIA SPA EUR1 | 6 356.00 | 141 003.49 | 0.02 |
| EUR	DAVIDE DE CAMPARI EUR0.05 (POST SUBD) | 6 932.00 | 63 324.10 | 0.01 |
| EUR	ENEL EUR1 | 107 133.00 | 809 863.95 | 0.14 |
| EUR	ENI SPA EUR1 | 33 998.00 | 514 085.67 | 0.09 |
| EUR	FERRARI NV EUR0.01(NEW) | 1 643.00 | 277 895.11 | 0.05 |
| EUR	INTESA SANPAOLO NPV | 195 496.00 | 495 881.73 | 0.08 |
| EUR	MEDIOBANCA SPA EUR0.5 | 8 021.00 | 89 766.14 | 0.02 |
| EUR	MONCLER SPA NPV | 2 545.00 | 111 599.27 | 0.02 |
| EUR	PIRELLI & C SPA NPV | 5 372.00 | 30 504.31 | 0.01 |
| EUR	PRYSMIAN SPA EUR0.10 | 3 081.00 | 70 286.22 | 0.01 |
| EUR	RECORDATI EUR0.125 | 1 455.00 | 61 075.05 | 0.01 |
| EUR	SNAM EUR1 | 28 992.00 | 144 233.21 | 0.02 |
| EUR	TERNA SPA ORD EUR0.22 | 19 228.00 | 123 600.62 | 0.02 |
| EUR	UNICREDIT SPA NPV (POST REV SPLIT) | 27 296.00 | 378 073.11 | 0.06 |
| Total Italy |  | 3 311 191.98 | 0.56 |
| Japan |  |  |  |
| JPY	ABC-MART INC NPV | 300.00 | 19 970.78 | 0.00 |
| JPY	AEON CO LTD NPV | 4 600.00 | 93 797.83 | 0.02 |
| JPY	AEON MALL CO LTD NPV | 1 300.00 | 20 881.20 | 0.00 |
| JPY	AGC INC NPV | 1 300.00 | 47 424.89 | 0.01 |
| JPY	AJINOMOTO CO INC NPV | 2 700.00 | 44 971.24 | 0.01 |
| JPY	ALFRESA HOLDINGS NPV | 1 300.00 | 26 840.47 | 0.00 |
| JPY	ALPS ALPINE CO LTD NPV | 1 500.00 | 33 846.22 | 0.01 |
| JPY	ANA HOLDINGS INC NPV | 1 000.00 | 34 033.42 | 0.01 |
| JPY	ASAHI GROUP HLDGS NPV | 2 500.00 | 120 217.33 | 0.02 |
| JPY	ASAHI KASEI CORP NPV | 9 000.00 | 101 045.57 | 0.02 |
| JPY	ASTELLAS PHARMA NPV | 13 100.00 | 223 397.41 | 0.04 |
| JPY	BRIDGESTONE CORP NPV | 3 800.00 | 151 812.61 | 0.03 |
| JPY	BROTHER INDUSTRIES NPV | 1 900.00 | 37 649.53 | 0.01 |
| JPY	CANON INC NPV | 6 900.00 | 190 914.07 | 0.03 |
| JPY	CASIO COMPUTER CO NPV | 1 300.00 | 24 774.91 | 0.00 |
| JPY	CHUBU ELEC POWER NPV | 4 800.00 | 66 887.04 | 0.01 |
| JPY	CHUGOKU ELEC POWER NPV | 1 700.00 | 22 462.79 | 0.00 |
| JPY	DAI NIPPON PRINTNG NPV | 1 800.00 | 48 110.67 | 0.01 |
| JPY	DAIWA SECS GROUP NPV | 11 400.00 | 57 775.55 | 0.01 |
| JPY	DENSO CORP NPV | 2 900.00 | 129 442.06 | 0.02 |
| JPY	EAST JAPAN RAILWAY NPV | 2 100.00 | 193 105.65 | 0.03 |
| JPY	ELEC POWER DEV NPV | 1 200.00 | 28 764.50 | 0.01 |
| JPY	FAMILYMART CO LTD NPV | 1 600.00 | 37 753.63 | 0.01 |
| JPY	FUJI FILM HLD CORP NPV | 2 700.00 | 127 517.12 | 0.02 |
| JPY	FUJITSU NPV | 1 400.00 | 127 215.78 | 0.02 |
| JPY	HAKUHODO DY HLDGS NPV | 1 400.00 | 22 615.29 | 0.00 |
| JPY	HAMAMATSU PHOTONIC NPV | 1 000.00 | 40 498.58 | 0.01 |
| JPY	HINO MOTORS NPV | 1 400.00 | 13 691.90 | 0.00 |
| JPY	HITACHI CONST MACH NPV | 1 000.00 | 26 353.76 | 0.00 |
| JPY	HITACHI METALS NPV | 1 600.00 | 22 383.34 | 0.00 |
| JPY	HITACHI NPV | 6 400.00 | 251 301.25 | 0.04 |
| JPY	HONDA MOTOR CO NPV | 11 100.00 | 310 872.98 | 0.05 |
| JPY	HOYA CORP NPV | 2 600.00 | 237 183.82 | 0.04 |
| JPY	IIDA GROUP HOLDING NPV | 1 000.00 | 17 760.93 | 0.00 |
| JPY	INPEX CORPORATION NPV | 6 400.00 | 62 474.66 | 0.01 |
| JPY	ITOCHU CORP NPV | 9 200.00 | 200 617.29 | 0.03 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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) |  |
|  |  |  |  |  |
| JPY | JAPAN AIRLINES CO NPV | 900.00 | 27 959.09 | 0.00 |
| JPY | JAPAN POST BANK CO NPV | 3 200.00 | 30 974.34 | 0.01 |
| JPY | JAPAN POST HOLD CO NPV | 10 200.00 | 95 843.30 | 0.02 |
| JPY | JAPAN PRIME REALTY INVESTMENT CORP | 5.00 | 22 760.48 | 0.00 |
| JPY | JAPAN RETAIL FUND INVESTMENT CORP | 19.00 | 43 253.58 | 0.01 |
| JPY | JAPAN TOBACCO INC NPV | 8 200.00 | 186 785.68 | 0.03 |
| JPY | JFE HOLDINGS INC NPV | 3 200.00 | 40 763.40 | 0.01 |
| JPY | JXTG HOLDINGS INC NPV | 22 600.00 | 100 421.51 | 0.02 |
| JPY | KDDI CORP NPV | 12 100.00 | 346 834.99 | 0.06 |
| JPY | KEYENCE CORP NPV | 1 200.00 | 410 263.90 | 0.07 |
| JPY | KONAMI HOLDINGS CORP NPV | 500.00 | 22 007.12 | 0.00 |
| JPY | KONICA MINOLTA INC NPV | 3 900.00 | 25 534.65 | 0.00 |
| JPY | KUBOTA CORP NPV | 7 000.00 | 107 930.78 | 0.02 |
| JPY | KYOCERA CORP NPV | 2 300.00 | 156 406.72 | 0.03 |
| JPY | KYOWA KIRIN CO LTD NPV | 1 400.00 | 29 697.74 | 0.01 |
| JPY | LAWSON INC NPV | 200.00 | 10 884.85 | 0.00 |
| JPY | LIXIL GROUP CORP COM NPV | 1 800.00 | 30 408.18 | 0.01 |
| JPY | MARUBENI CORP NPV | 9 700.00 | 71 587.43 | 0.01 |
| JPY | MAZDA MOTOR CORP NPV | 4 500.00 | 39 859.37 | 0.01 |
| JPY | MEDIPAL HOLDINGS CORP NPV | 1 100.00 | 23 585.06 | 0.00 |
| JPY | MERCARI INC NPV | 500.00 | 11 021.82 | 0.00 |
| JPY | MITSUBISHI CHEM HL NPV | 8 900.00 | 65 967.77 | 0.01 |
| JPY | MITSUBISHI CORP NPV | 9 300.00 | 243 391.47 | 0.04 |
| JPY | MITSUBISHI ELEC CP NPV | 12 600.00 | 173 910.14 | 0.03 |
| JPY | MITSUBISHI ESTATE NPV | 8 200.00 | 150 244.73 | 0.03 |
| JPY | MITSUBISHI HVY IND NPV | 2 000.00 | 76 486.17 | 0.01 |
| JPY | MITSUBISHI MATERLS NPV | 600.00 | 16 020.45 | 0.00 |
| JPY | MITSUBISHI TANABE PHARMA CORP NPV | 1 300.00 | 23 777.74 | 0.00 |
| JPY | MITSUBISHI UFJ FIN NPV | 81 900.00 | 432 347.64 | 0.07 |
| JPY | MITSUI & CO NPV | 11 700.00 | 207 215.32 | 0.04 |
| JPY | MITSUI O.S.K.LINES NPV | 900.00 | 23 586.89 | 0.00 |
| JPY | MIZUHO FINL GP NPV | 172 700.00 | 266 832.62 | 0.05 |
| JPY | MS&AD INSURANCE GROUP HOLDINGS INC NPV | 3 300.00 | 106 705.32 | 0.02 |
| JPY | MURATA MFG CO NPV | 4 000.00 | 231 723.13 | 0.04 |
| JPY | NEC CORP NPV | 2 000.00 | 79 901.38 | 0.01 |
| JPY | NEXON CO LTD NPV | 3 500.00 | 47 717.10 | 0.01 |
| JPY | NGK INSULATORS NPV | 1 300.00 | 21 427.27 | 0.00 |
| JPY | NGK SPARK PLUG CO NPV | 1 000.00 | 20 007.31 | 0.00 |
| JPY | NIKON CORP NPV | 2 200.00 | 30 154.32 | 0.01 |
| JPY | NINTENDO CO LTD NPV | 800.00 | 309 378.13 | 0.05 |
| JPY | NIPPON PROLOGIS RE REIT | 17.00 | 45 593.10 | 0.01 |
| JPY | NIPPON TEL&TEL CP NPV | 4 500.00 | 227 116.24 | 0.04 |
| JPY | NIPPON YUSEN KK NPV | 800.00 | 13 726.60 | 0.00 |
| JPY | NISSAN MOTOR CO NPV | 16 900.00 | 104 755.00 | 0.02 |
| JPY | NOMURA HOLDINGS NPV | 21 700.00 | 111 105.74 | 0.02 |
| JPY | NOMURA REAL EST MA REIT | 26.00 | 47 436.76 | 0.01 |
| JPY | NOMURA RESEARCH IN NPV | 2 600.00 | 54 820.56 | 0.01 |
| JPY | NTT DATA CORP NPV | 3 900.00 | 53 134.87 | 0.01 |
| JPY | NTT DOCOMO NPV | 9 100.00 | 249 541.59 | 0.04 |
| JPY | OMRON CORP NPV | 1 300.00 | 76 330.93 | 0.01 |
| JPY | ORIX CORP NPV | 9 300.00 | 152 225.82 | 0.03 |
| JPY | OSAKA GAS CO NPV | 3 000.00 | 56 214.04 | 0.01 |
| JPY | OTSUKA CORP NPV | 700.00 | 28 029.40 | 0.01 |
| JPY | OTSUKA HLDGS CO NPV | 2 600.00 | 113 344.90 | 0.02 |
| JPY | PANASONIC CORP NPV | 15 400.00 | 145 126.47 | 0.02 |
| JPY | PARK 24 CO LTD NPV | 1 000.00 | 24 153.05 | 0.00 |
| JPY | RENESAS ELECTRONIC NPV | 6 600.00 | 42 971.42 | 0.01 |
| JPY | RESONA HOLDINGS NPV | 16 300.00 | 69 078.90 | 0.01 |
| JPY | RICOH CO NPV | 4 300.00 | 44 252.58 | 0.01 |
| JPY | ROHM CO LTD NPV | 700.00 | 58 807.41 | 0.01 |
| JPY | SANTEN PHARM CO NPV | 2 600.00 | 48 671.35 | 0.01 |
| JPY | SEGA SAMMY HLDGS I NPV | 1 300.00 | 18 744.41 | 0.00 |
| JPY | SEIKO EPSON CORP NPV | 1 900.00 | 28 905.12 | 0.01 |
| JPY | SEKISUI CHEMICAL NPV | 2 300.00 | 40 010.04 | 0.01 |
| JPY | SEVEN & I HOLDINGS NPV | 5 600.00 | 208 536.21 | 0.04 |
| JPY | SG HOLDINGS CO LTD NPV | 900.00 | 21 581.59 | 0.00 |
| JPY | SHIMADZU CORP NPV | 1 400.00 | 42 124.01 | 0.01 |
| JPY | SHIMAMURA CO NPV | 100.00 | 8 017.53 | 0.00 |
| JPY | SOFTBANK CORP NPV | 11 500.00 | 156 049.67 | 0.03 |
| JPY | SOFTBANK GROUP CO NPV | 11 300.00 | 438 853.98 | 0.07 |
| JPY | SOHGO SECURITY SER NPV | 400.00 | 20 783.49 | 0.00 |
| JPY | SOMPO HOLDINGS INC NPV | 2 400.00 | 94 588.62 | 0.02 |
| JPY | SONY CORP NPV | 8 700.00 | 548 486.89 | 0.09 |
| JPY | SUBARU CORPORATION NPV | 4 300.00 | 112 555.47 | 0.02 |
| JPY | SUMCO CORPORATION NPV | 1 300.00 | 20 073.97 | 0.00 |
| JPY | SUMITOMO CHEM CO NPV | 9 000.00 | 40 599.03 | 0.01 |
| JPY | SUMITOMO CORP NPV | 8 100.00 | 121 969.68 | 0.02 |
| JPY | SUMITOMO DAINIPPON PHARMA CO LTD | 1 100.00 | 20 762.49 | 0.00 |
| JPY | SUMITOMO ELECTRIC NPV | 4 600.00 | 68 636.65 | 0.01 |
| JPY | SUMITOMO MITSUI FG NPV | 9 500.00 | 346 046.02 | 0.06 |
| JPY | SUMITOMO MITSUI TR NPV | 2 600.00 | 99 408.27 | 0.02 |
| JPY | SUMITOMO RLTY&DEV NPV | 2 700.00 | 94 035.25 | 0.02 |
| JPY | TAKEDA PHARMACEUTI NPV | 10 209.00 | 415 314.53 | 0.07 |
| JPY | TDK CORP NPV | 1 000.00 | 105 104.56 | 0.02 |
| JPY | TOKIO MARINE HLDG NPV | 4 400.00 | 239 145.28 | 0.04 |
| JPY | TOKYO ELEC POWER H NPV | 11 900.00 | 52 159.62 | 0.01 |
| JPY | TOKYO ELECTRON NPV | 1 100.00 | 227 011.23 | 0.04 |
| JPY | TOKYU FUDOSAN HLDG NPV | 2 600.00 | 17 830.34 | 0.00 |
| JPY | TOPPAN PRINTING CO NPV | 1 800.00 | 35 783.03 | 0.01 |
| JPY | TOSHIBA CORP NPV | 3 700.00 | 132 782.39 | 0.02 |
| JPY | TOYO SEIKAN GROUP NPV | 1 500.00 | 26 120.90 | 0.00 |
| JPY | TOYOTA MOTOR CORP NPV | 15 600.00 | 1 088 054.05 | 0.18 |
| JPY | TREND MICRO INC NPV | 900.00 | 48 570.91 | 0.01 |
| JPY | UNICHARM CORP NPV | 2 900.00 | 94 936.53 | 0.02 |
| JPY | UNITED URBAN INVESTMENT CORP | 25.00 | 48 625.70 | 0.01 |
| JPY | WEST JAPAN RAILWAY NPV | 1 200.00 | 105 601.31 | 0.02 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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) |  |
|  |  |  |  |  |
| JPY | YAMADA DENKI CO NPV | 3 100.00 | 15 456.12 | 0.00 |
| JPY | YAMAHA MOTOR CO NPV | 1 700.00 | 35 502.69 | 0.01 |
| JPY | YAMAZAKI BAKING CO NPV | 600.00 | 10 996.26 | 0.00 |
| JPY | YASKAWA ELEC CORP NPV | 1 600.00 | 58 734.36 | 0.01 |
| JPY | YOKOGAWA ELECTRIC NPV | 1 300.00 | 23 777.74 | 0.00 |
| JPY | YOKOHAMA RUBBER CO NPV | 700.00 | 14 414.21 | 0.00 |
| JPY | Z HOLDINGS CORP NPV | 19 200.00 | 66 098.07 | 0.01 |
| Total Japan |  | 14 757 169.91 | 2.50 |
| Luxembourg |  |  |  |
| EUR	ARCELORMITTAL NPV(POST STOCK SPLIT) | 9 074.00 | 155 357.52 | 0.03 |
| EUR	TENARIS S.A. USD1 | 5 675.00 | 60 395.03 | 0.01 |
| Total Luxembourg |  | 215 752.55 | 0.04 |
| The Netherlands |  |  |  |
| EUR	ADYEN NV EUR0.01 | 134.00 | 102 862.44 | 0.02 |
| EUR	AEGON NV EUR0.12 | 26 403.00 | 119 126.09 | 0.02 |
| EUR	ASML HOLDING NV EUR0.09 | 5 666.00 | 1 543 090.91 | 0.26 |
| EUR	CNH INDUSTRIAL NV COM EUR0.01 | 13 636.00 | 146 261.00 | 0.02 |
| EUR	FIAT CHRYSLER AUTO EUR0.01 | 15 100.00 | 223 433.07 | 0.04 |
| EUR	KONINKLIJKE DSM NV EUR1.5 | 2 485.00 | 318 657.46 | 0.05 |
| EUR	NN GROUP N.V. EUR0.12 | 4 325.00 | 166 143.08 | 0.03 |
| EUR	PROSUS N.V. EUR0.05 | 6 562.00 | 447 645.61 | 0.08 |
| GBP	ROYAL DUTCH SHELL PLC ‘A’SHS EUR0.07 | 45 754.00 | 1 308 531.69 | 0.22 |
| Total The Netherlands |  | 4 375 751.35 | 0.74 |
| Portugal |  |  |  |
| EUR	EDP ENERGIAS PORTU EUR1(REGD) | 34 838.00 | 140 973.43 | 0.02 |
| EUR	GALP ENERGIA EUR1-B | 6 889.00 | 112 228.12 | 0.02 |
| EUR	JERONIMO MARTINS EUR5 | 3 900.00 | 62 330.54 | 0.01 |
| Total Portugal |  | 315 532.09 | 0.05 |
| South Africa |  |  |  |
| GBP	MONDI ORD EUR0.20 | 5 342.00 | 115 774.99 | 0.02 |
| Total South Africa |  | 115 774.99 | 0.02 |
| Spain |  |  |  |
| EUR	BANCO SANTANDER SA EUR0.50(REGD) | 224 879.00 | 877 004.75 | 0.15 |
| EUR	BANKINTER SA EUR0.3(REGD) | 9 014.00 | 63 091.73 | 0.01 |
| EUR	BBVA(BILB-VIZ-ARG) EUR0.49 | 87 503.00 | 461 322.98 | 0.08 |
| EUR	MAPFRE SA EUR0.10 | 17 833.00 | 50 316.77 | 0.01 |
| Total Spain |  | 1 451 736.23 | 0.25 |
| Switzerland |  |  |  |
| CHF	ABB LTD CHF0.12 (REGD) | 34 484.00 | 754 655.61 | 0.13 |
| CHF	ADECCO GROUP AG CHF0.1 (REGD) | 3 003.00 | 185 766.21 | 0.03 |
| CHF	ALCON AG CHF0.04 | 7 736.00 | 427 382.36 | 0.07 |
| CHF	BALOISE-HLDGS CHF0.1(REGD) | 913.00 | 158 782.61 | 0.03 |
| CHF	BARRY CALLEBAUT AG CHF0.02 (REGD) | 39.00 | 78 440.99 | 0.01 |
| CHF	CLARIANT CHF4.00(REGD) | 3 440.00 | 71 116.63 | 0.01 |
| GBP	COCA-COLA HBC AG ORD CHF6.70 | 1 775.00 | 59 212.87 | 0.01 |
| CHF	CREDIT SUISSE GRP CHF0.04(REGD) | 47 171.00 | 618 578.04 | 0.10 |
| CHF	DUFRY AG CHF5 (REGD) | 805.00 | 78 602.99 | 0.01 |
| CHF	EMS-CHEMIE HLDG AG CHF0.01(REGD)(POST RECON) | 135.00 | 83 821.98 | 0.01 |
| CHF	GEBERIT CHF0.10(REGD) | 664.00 | 356 667.03 | 0.06 |
| CHF	GIVAUDAN AG CHF10 | 170.00 | 499 954.97 | 0.08 |
| CHF	JULIUS BAER GRUPPE CHF0.02 (REGD) | 4 201.00 | 197 911.73 | 0.03 |
| CHF	KUEHNE&NAGEL INTL CHF1(REGD)(POST-SUBD) | 1 035.00 | 168 400.46 | 0.03 |
| CHF	LAFARGEHOLCIM LTD CHF2 (REGD) | 8 968.00 | 462 690.83 | 0.08 |
| CHF	LINDT & SPRUENGLI CHF100(REGD) | 2.00 | 170 710.96 | 0.03 |
| CHF	LONZA GROUP AG CHF1(REGD) | 1 373.00 | 466 574.07 | 0.08 |
| CHF	NESTLE SA CHF0.10(REGD) | 55 901.00 | 5 813 010.38 | 0.99 |
| CHF	NOVARTIS AG CHF0.50(REGD) | 39 673.00 | 3 654 671.92 | 0.62 |
| CHF	PARTNERS GROUP HLG CHF0.01 (REGD) | 330.00 | 278 436.98 | 0.05 |
| CHF	RICHEMONT(CIE FIN) CHF1.00 (REG) SER ‘A’ | 9 783.00 | 745 557.89 | 0.13 |
| CHF	SCHINDLER-HLDG AG CHF0.1(REGD)(POST-SUBD) | 365.00 | 87 364.79 | 0.02 |
| CHF	SGS LTD CHF1(REGD) | 95.00 | 247 350.78 | 0.04 |
| CHF	SIKA AG CHF0.01 (REG) | 2 347.00 | 408 761.04 | 0.07 |
| CHF	SONOVA HOLDING AG CHF0.05 (REGD) | 1 033.00 | 235 987.29 | 0.04 |
| CHF	STRAUMANN HLDG CHF0.1(REGD) | 191.00 | 183 861.51 | 0.03 |
| CHF	SWATCH GROUP CHF0.45(REGD) | 906.00 | 48 321.21 | 0.01 |
| CHF	SWISS LIFE HLDG CHF5.1(REGD) | 603.00 | 299 161.86 | 0.05 |
| CHF	SWISS PRIME SITE CHF15.3 (REGD) | 1 496.00 | 158 080.35 | 0.03 |
| CHF	SWISSCOM AG CHF1(REGD) | 476.00 | 246 537.85 | 0.04 |
| CHF	TEMENOS AG CHF5 (REGD) | 1 203.00 | 182 613.80 | 0.03 |
| CHF	UBS GROUP CHF0.10 (REGD) | 70 463.00 | 854 567.03 | 0.15 |
| CHF	ZURICH INSURANCE GRP CHF0.10 | 2 803.00 | 1 100 332.12 | 0.19 |
| Total Switzerland |  | 19 383 887.14 | 3.29 |
| United Arab Emirates |  |  |  |
| GBP	NMC HEALTH PLC ORD GBP0.1 | 997.00 | 32 356.55 | 0.01 |
| Total United Arab Emirates |  | 32 356.55 | 0.01 |
| United Kingdom |  |  |  |
| GBP	ADMIRAL GROUP ORD GBP0.001 | 1 725.00 | 47 749.55 | 0.01 |
| GBP	ANGLO AMERICAN USD0.54945 | 11 345.00 | 297 383.97 | 0.05 |
| GBP	ANTOFAGASTA ORD GBP0.05 | 5 172.00 | 58 069.04 | 0.01 |
| GBP	ASHTEAD GROUP ORD GBP0.10 | 4 957.00 | 150 679.17 | 0.03 |
| GBP	ASSOCD BRIT FOODS ORD GBP0.0568 | 3 670.00 | 121 954.16 | 0.02 |
| GBP	AUTO TRADER GROUP ORD GBP0.01 | 10 712.00 | 77 870.56 | 0.01 |
| GBP	BARCLAYS ORD GBP0.25 | 177 347.00 | 393 509.92 | 0.07 |
| GBP	BERKELEY GP HLDGS ORD GBP0.05 | 1 404.00 | 83 285.15 | 0.01 |
| GBP	BP ORD USD0.25 | 215 735.00 | 1 340 013.57 | 0.23 |
| GBP	BURBERRY GROUP ORD GBP0.0005 | 4 283.00 | 116 562.87 | 0.02 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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) |  |
|  |  |  |  |  |
| GBP | CARNIVAL PLC ORD USD1.66 | 1 510.00 | 63 537.11 | 0.01 |
| GBP | CENTRICA ORD GBP0.061728395 | 63 874.00 | 66 278.58 | 0.01 |
| GBP | COMPASS GROUP ORD GBP0.1105 | 16 883.00 | 413 723.96 | 0.07 |
| GBP | CRODA INTL ORD GBP0.10609756 | 1 341.00 | 86 382.26 | 0.02 |
| GBP | DIAGEO ORD GBP0.28 101/108 | 25 172.00 | 1 030 523.43 | 0.18 |
| GBP | DIRECT LINE INSURA ORD GBP 0.109090909 | 14 796.00 | 58 449.36 | 0.01 |
| GBP | EASYJET ORD GBP0.27285714 | 1 286.00 | 22 256.84 | 0.00 |
| GBP | FERGUSON PLC (NEW) ORD GBP0.10 | 2 491.00 | 216 590.13 | 0.04 |
| GBP | G4S ORD GBP0.25 | 13 849.00 | 37 457.51 | 0.01 |
| GBP | GLAXOSMITHKLINE ORD GBP0.25 | 52 991.00 | 1 202 259.28 | 0.20 |
| GBP | HARGREAVES LANSDOW ORD GBP0.004 (WI) | 3 115.00 | 74 742.63 | 0.01 |
| GBP | HSBC HLDGS ORD USD0.50(UK REG) | 214 123.00 | 1 596 167.16 | 0.27 |
| GBP | IMPERIAL BRANDS PL GBP0.10 | 9 872.00 | 217 488.96 | 0.04 |
| GBP | INTERCONTL HOTELS ORD GBP0.208521303 | 1 699.00 | 110 036.66 | 0.02 |
| GBP | INTERTEK GROUP ORD GBP0.01 | 1 636.00 | 116 727.72 | 0.02 |
| GBP | LEGAL & GENERAL GP ORD GBP0.025 | 62 827.00 | 228 278.23 | 0.04 |
| GBP | LONDON STOCK EXCH ORD GBP0.06918604 | 3 322.00 | 295 290.32 | 0.05 |
| GBP | M&G PLC ORD GBP0.05 | 26 919.00 | 82 174.55 | 0.01 |
| GBP | MICRO FOCUS INTL ORD GBP0.10 | 3 953.00 | 57 922.39 | 0.01 |
| GBP | MORRISON(W)SUPRMKT ORD GBP0.10 | 24 088.00 | 61 785.97 | 0.01 |
| GBP | NEXT ORD GBP0.10 | 1 433.00 | 125 265.31 | 0.02 |
| GBP | PEARSON ORD GBP0.25 | 8 268.00 | 69 151.66 | 0.01 |
| GBP | PERSIMMON ORD GBP0.10 | 3 282.00 | 108 593.93 | 0.02 |
| GBP | PRUDENTIAL ORD GBP0.05 | 26 919.00 | 479 293.54 | 0.08 |
| GBP | RIO TINTO ORD GBP0.10 | 12 159.00 | 660 797.91 | 0.11 |
| GBP | ROYAL BK SCOT GRP ORD GBP1 (POST CONS) | 49 597.00 | 145 115.71 | 0.02 |
| GBP | RSA INSURANCE GRP ORD GBP1.00 | 10 618.00 | 75 731.39 | 0.01 |
| GBP | SAINSBURY(J) ORD GBP0.28571428 | 15 333.00 | 42 502.62 | 0.01 |
| GBP | SCHRODERS VTG SHS GBP1 | 1 158.00 | 49 414.83 | 0.01 |
| GBP | SMITH & NEPHEW ORD USD0.20 | 8 945.00 | 200 282.89 | 0.03 |
| GBP | STANDARD CHARTERED ORD USD0.50 | 29 174.00 | 263 174.84 | 0.04 |
| GBP | STD LIFE ABERDEEN ORD GBP0.1396825396 | 25 301.00 | 103 711.37 | 0.02 |
| GBP | TAYLOR WIMPEY ORD GBP0.01 | 37 617.00 | 84 785.85 | 0.01 |
| GBP | TESCO ORD GBP0.05 | 102 236.00 | 303 363.75 | 0.05 |
| GBP | UNILEVER PLC ORD GBP0.031111 | 11 704.00 | 693 069.10 | 0.12 |
| GBP | VODAFONE GROUP ORD USD0.2095238(POST CONS) | 283 954.00 | 563 282.84 | 0.10 |
| Total United Kingdom |  | 12 692 688.55 | 2.15 |
| United States |  |  |  |
| CAD	BAUSCH HEALTH COMP COM NPV | 2 800.00 | 79 093.54 | 0.01 |
| Total United States |  | 79 093.54 | 0.01 |
| Total Registered shares |  | 83 350 184.30 | 14.13 |
| Depository receipts |  |  |  |
| Ireland |  |  |  |
| AUD	JAMES HARDIE ID PLC CUFS EUR0.5 | 6 033.00 | 118 177.69 | 0.02 |
| Total Ireland |  | 118 177.69 | 0.02 |
| Luxembourg |  |  |  |
| EUR	SES S.A. FDR EACH REP 1 ‘A’ NPV | 5 207.00 | 69 153.22 | 0.01 |
| Total Luxembourg |  | 69 153.22 | 0.01 |
| The Netherlands |  |  |  |
| EUR	ABN AMRO BANK N.V. DR EACH REP SHS | 5 629.00 | 96 139.23 | 0.02 |
| Total The Netherlands |  | 96 139.23 | 0.02 |
| Total Depository receipts |  | 283 470.14 | 0.05 |
| Certificates on investment funds |  |  |  |
| Ireland |  |  |  |
| USD	STAR COMPASS PLC/UBS DYNMC DIVERSIFIED LTD NOTE DUE 31.03.21	8 550 000.00 | 12 136 725.00 | 2.06 |
| Total Ireland | 12 136 725.00 | 2.06 |
| Total Certificates on investment funds | 12 136 725.00 | 2.06 |

Investment funds, closed end
| Canada |  |
| --- | --- |
| CAD | RIOCAN REAL ESTATE INVESTMENT TRUST | 1 429.00 | 29 198.61 | 0.01 |
| Total Canada |  | 29 198.61 | 0.01 |
| United Kingdom |  |  |  |
| GBP	SEGRO PLC REIT | 12 609.00 | 145 809.09 | 0.02 |
| Total United Kingdom |  | 145 809.09 | 0.02 |
| Total Investment funds, closed end |  | 175 007.70 | 0.03 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	3M CO 2.25000% 16-19.09.26 | 350 000.00 | 351 847.79 | 0.06 |
| USD	ABU DHABI,GOVERNMENT OF-REG-S 3.12500% 17-11.10.27 | 1 900 000.00 | 1 987 875.00 | 0.34 |
| USD	ALBERTA, PROVINCE OF 3.30000% 18-15.03.28 | 900 000.00 | 983 344.05 | 0.17 |
| USD	ALPHABET INC 1.99800% 16-15.08.26 | 1 025 000.00 | 1 021 963.26 | 0.17 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 700 000.00 | 727 063.75 | 0.12 |
| USD	APPLE INC 2.00000% 15-06.05.20 | 1 525 000.00 | 1 526 001.46 | 0.26 |
| USD	APPLE INC 2.40000% 13-03.05.23 | 1 350 000.00 | 1 370 588.31 | 0.23 |
| USD	APPLE INC 2.45000% 16-04.08.26 | 600 000.00 | 609 302.88 | 0.10 |
| USD	APPLE INC 2.85000% 16-23.02.23 | 750 000.00 | 769 911.15 | 0.13 |
| USD	APPLE INC 3.20000% 17-11.05.27 | 775 000.00 | 822 192.08 | 0.14 |
| USD	APPLE INC 3.25000% 16-23.02.26 | 2 425 000.00 | 2 574 207.82 | 0.44 |
| USD	ASIAN DEVELOPMENT BANK 2.62500% 19-30.01.24 | 525 000.00 | 544 290.91 | 0.09 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (USD)
Semi-Annual Report as of 30 November 2019
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | BANK OF NOVA SCOTIA 2.00000% 19-15.11.22 | 330 000.00 | 329 566.93 | 0.06 |
| USD | BAYER US FINANCE II LLC-REG-S 3.87500% 18-15.12.23 | 500 000.00 | 524 605.15 | 0.09 |
| USD | BERKSHIRE HATHAWAY INC 2.20000% 16-15.03.21 | 525 000.00 | 527 646.00 | 0.09 |
| USD | BERKSHIRE HATHAWAY INC 3.12500% 16-15.03.26 | 525 000.00 | 553 124.61 | 0.09 |
| USD | BRITISH COLUMBIA, PROVINCE OF 1.75000% 19-27.09.24 | 250 000.00 | 249 686.75 | 0.04 |
| USD | CHEVRON CORP 2.41900% 15-17.11.20 | 500 000.00 | 502 803.35 | 0.09 |
| USD | CHEVRON CORP 3.19100% 13-24.06.23 | 1 825 000.00 | 1 900 229.96 | 0.32 |
| USD | COMMONWEALTH BANK OF AUSTRALIA-REG-S 3.90000% 18-16.03.28 | 450 000.00 | 497 614.50 | 0.09 |
| USD | COMMONWEALTH BANK OF AUSTRALIA-REG-S 3.35000% 19-04.06.24 | 500 000.00 | 524 070.00 | 0.09 |
| USD | CORPORACION ANDINA DE FOMENTO 4.37500% 12-15.06.22 | 625 000.00 | 655 506.25 | 0.11 |
| USD | COUNCIL OF EUROPE DEVELOPMENT BANK 1.62500% 16-16.03.21 | 200 000.00 | 199 487.27 | 0.03 |
| USD | DEXIA CREDIT LOCAL SA-REG-S 2.50000% 18-25.01.21 | 500 000.00 | 503 271.80 | 0.09 |
| USD | EQUINOR ASA 3.62500% 18-10.09.28 | 700 000.00 | 771 026.48 | 0.13 |
| USD | EUROPEAN INVESTMENT BANK 2.00000% 16-15.03.21 | 1 400 000.00 | 1 404 579.12 | 0.24 |
| USD | EUROPEAN INVESTMENT BANK 1.25000% 16-16.12.19 | 375 000.00 | 374 913.75 | 0.06 |
| USD | EUROPEAN INVESTMENT BANK 2.37500% 17-24.05.27 | 1 000 000.00 | 1 040 269.90 | 0.18 |
| USD | EXPORT DEVELOPMENT CANADA 2.00000% 17-17.05.22 | 200 000.00 | 201 626.50 | 0.03 |
| USD | EXPORT-IMPORT BANK OF KOREA 2.50000% 15-10.05.21 | 1 000 000.00 | 1 005 312.50 | 0.17 |
| USD | EXPORT-IMPORT BANK OF KOREA 3.25000% 15-10.11.25 | 700 000.00 | 739 812.50 | 0.13 |
| USD | EXPORT-IMPORT BANK OF KOREA 2.75000% 17-25.01.22 | 700 000.00 | 710 718.75 | 0.12 |
| USD | EXXON MOBIL CORP 3.04300% 16-01.03.26 | 1 625 000.00 | 1 711 235.66 | 0.29 |
| USD | HSBC BANK PLC-REG-S 4.12500% 10-12.08.20 | 125 000.00 | 126 841.54 | 0.02 |
| USD | INTER-AMERICAN DEVELOPMENT BANK 2.37500% 17-07.07.27 | 400 000.00 | 415 140.24 | 0.07 |
| USD | INTER-AMERICAN DEVELOPMENT BANK 2.25000% 19-18.06.29 | 800 000.00 | 826 802.16 | 0.14 |
| USD | INTER-AMERICAN DEVELOPMENT BANK 2.00000% 19-23.07.26 | 750 000.00 | 760 675.43 | 0.13 |
| USD | INTERNATIONAL BUSINESS MACHINES CORP 2.85000% 19-13.05.22 | 400 000.00 | 407 650.68 | 0.07 |
| USD | INTL BK FOR RECONS & DEV WORLD BK 1.75000% 19-23.10.29 | 500 000.00 | 495 201.25 | 0.08 |
| USD | INTL BK FOR RECONSTR & DEVT WORLD BANK 2.12500% 17-13.12.21 | 900 000.00 | 907 899.03 | 0.15 |
| USD | JOHNSON & JOHNSON 2.45000% 16-01.03.26 | 1 050 000.00 | 1 069 762.37 | 0.18 |
| USD | JOHNSON & JOHNSON 2.90000% 17-15.01.28 | 250 000.00 | 262 679.93 | 0.05 |
| USD | JOHNSON & JOHNSON 3.37500% 13-05.12.23 | 300 000.00 | 318 445.71 | 0.05 |
| USD | KOREA DEVELOPMENT BANK 2.75000% 17-19.03.23 | 400 000.00 | 407 500.00 | 0.07 |
| USD | KOREA EAST-WEST POWER CO LTD-REG-S 3.87500% 18-19.07.23 | 610 000.00 | 642 978.13 | 0.11 |
| USD | KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 3.00000% 12-19.09.22 | 200 000.00 | 204 250.00 | 0.04 |
| USD | KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 3.12500% 17-25.07.27 | 800 000.00 | 832 500.00 | 0.14 |
| USD | KREDITANSTALT FUER WIEDERAUFBAU 2.12500% 13-17.01.23 | 650 000.00 | 658 959.54 | 0.11 |
| USD | KREDITANSTALT FUER WIEDERAUFBAU 2.00000% 15-02.05.25 | 1 550 000.00 | 1 573 060.44 | 0.27 |
| USD | KREDITANSTALT FUER WIEDERAUFBAU 1.62500% 16-15.03.21 | 1 150 000.00 | 1 148 746.12 | 0.20 |
| USD | KUWAIT INTERNATIONAL GOVT BOND-REG-S 3.50000% 17-20.03.27 | 1 500 000.00 | 1 609 218.75 | 0.27 |
| USD | LANDWIRTSCHAFTLICHE RENTENBANK 2.00000% 15-13.01.25 | 775 000.00 | 785 047.48 | 0.13 |
| USD | MANITOBA, PROVINCE OF 2.12500% 17-04.05.22 | 1 275 000.00 | 1 284 750.82 | 0.22 |
| USD | MICROSOFT CORP 2.65000% 15-03.11.22 | 1 400 000.00 | 1 433 854.52 | 0.24 |
| USD | MICROSOFT CORP 2.87500% 17-06.02.24 | 1 425 000.00 | 1 479 444.54 | 0.25 |
| USD | MICROSOFT CORP 3.30000% 17-06.02.27 | 2 000 000.00 | 2 153 672.60 | 0.37 |
| USD | NATIONAL AUSTRALIA BANK LTD/NY 2.50000% 16-12.07.26 | 800 000.00 | 802 272.00 | 0.14 |
| USD | NEW YORK LIFE GLOBAL FUNDING-REG-S 3.00000% 18-10.01.28 | 425 000.00 | 443 286.34 | 0.08 |
| USD | NORDEA BANK AB-REG-S 4.87500% 10-27.01.20 | 300 000.00 | 301 309.20 | 0.05 |
| USD | NORDIC INVESTMENT BANK 2.25000% 14-30.09.21 | 200 000.00 | 201 535.08 | 0.03 |
| USD | NOVARTIS CAPITAL CORP 2.40000% 12-21.09.22 | 850 000.00 | 863 119.07 | 0.15 |
| USD | NOVARTIS CAPITAL CORP 3.10000% 17-17.05.27 | 850 000.00 | 898 975.73 | 0.15 |
| USD | QATAR, STATE OF-REG-S 2.37500% 16-02.06.21 | 1 750 000.00 | 1 756 562.50 | 0.30 |
| USD | QATAR, STATE OF-REG-S 3.37500% 19-14.03.24 | 300 000.00 | 313 593.75 | 0.05 |
| USD | QUEBEC, PROVINCE OF 2.50000% 16-20.04.26 | 1 650 000.00 | 1 702 470.16 | 0.29 |
| USD | ROCHE HOLDINGS INC-REG-S 3.00000% 15-10.11.25 | 1 305 000.00 | 1 373 600.72 | 0.23 |
| USD | ROCHE HOLDINGS INC-REG-S 3.62500% 18-17.09.28 | 800 000.00 | 888 504.40 | 0.15 |
| USD | SHELL INTERNATIONAL FINANCE BV 2.25000% 12-06.01.23 | 400 000.00 | 402 762.44 | 0.07 |
| USD | SHELL INTERNATIONAL FINANCE BV 1.87500% 16-10.05.21 | 200 000.00 | 200 097.44 | 0.03 |
| USD | SHELL INTERNATIONAL FINANCE BV 2.87500% 16-10.05.26 | 1 275 000.00 | 1 320 949.34 | 0.22 |
| USD | SINOPEC GROUP OVERSEAS DEV 2013-REG-S 4.37500% 13-17.10.23 | 300 000.00 | 320 046.00 | 0.06 |
| USD | TOTAL CAPITAL INTERNATIONAL SA 3.70000% 13-15.01.24 | 350 000.00 | 372 017.24 | 0.06 |
| USD | WALMART INC 2.55000% 13-11.04.23 | 750 000.00 | 765 125.18 | 0.13 |
| USD | WALMART INC 3.70000% 18-26.06.28 | 1 500 000.00 | 1 658 463.30 | 0.28 |
| USD | WELLS FARGO CO 3.50000% 12-08.03.22 | 300 000.00 | 309 284.70 | 0.05 |
| USD | WESTPAC BANKING CORP 2.85000% 16-13.05.26 | 1 641 000.00 | 1 676 150.22 | 0.28 |
| USD | WESTPAC BANKING CORP 3.35000% 17-08.03.27 | 300 000.00 | 316 365.00 | 0.05 |
| Total USD |  |  | 64 907 267.28 | 11.00 |
| Total Notes, fixed rate |  | 64 907 267.28 | 11.00 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AFRICAN DEVELOPMENT BANK 2.37500% 14-23.09.21 | 475 000.00 | 480 619.53 | 0.08 |
| USD	ASB FINANCE LTD-REG-S 2.12500% 16-01.09.21 | 400 000.00 | 399 960.00 | 0.07 |
| USD	ASIAN DEVELOPMENT BANK 2.62500% 17-12.01.27 | 750 000.00 | 790 522.80 | 0.13 |
| USD	ASIAN DEVELOPMENT BANK 2.00000% 17-16.02.22 | 950 000.00 | 956 631.00 | 0.16 |
| USD	ASIAN DEVELOPMENT BANK 2.50000% 17-02.11.27 | 1 000 000.00 | 1 047 907.50 | 0.18 |
| USD	AUSTRALIA & NZ BANKING GRP-REG-S 5.10000% 10-13.01.20 | 225 000.00 | 225 767.70 | 0.04 |
| USD	BANK OF AMERICA CORP 3.24800% 16-21.10.27 | 725 000.00 | 755 870.50 | 0.13 |
| USD	BANK OF MONTREAL 1.90000% 16-27.08.21 | 300 000.00 | 299 757.14 | 0.05 |
| USD	BELGIUM, KINGDOM OF-REG-S 1.62500% 17-15.01.20 | 400 000.00 | 399 868.00 | 0.07 |
| USD	CAISSE D’AMOR DE LA DETTE SOCIALE-REG-S 3.37500% 14-20.03.24 | 400 000.00 | 425 915.20 | 0.07 |
| USD	CLIFFORD CAPITAL PTE LTD-REG-S 1.73300% 19-10.09.24 | 650 000.00 | 642 245.50 | 0.11 |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 3.15000% 17-19.09.27 | 150 000.00 | 157 152.00 | 0.03 |
| USD	CPPIB CAPITAL INC-REG-S 2.75000% 17-02.11.27 | 1 000 000.00 | 1 054 534.50 | 0.18 |
| USD	FINNVERA OYJ-REG-S 1.87500% 17-05.10.20 | 200 000.00 | 200 030.00 | 0.03 |
| USD	IDB TRUST SERVICES LTD-REG-S 2.26100% 17-26.09.22 | 800 000.00 | 801 600.00 | 0.14 |
| USD	INTERNATIONAL FINANCE CORP 2.12500% 16-07.04.26 | 350 000.00 | 356 820.06 | 0.06 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 17-22.11.27 | 1 305 000.00 | 1 370 600.91 | 0.23 |
| USD	JAPAN TOBACCO INC-REG-S 2.80000% 16-13.04.26 | 400 000.00 | 403 672.00 | 0.07 |
| USD	KOMMUNEKREDIT-REG-S 1.62500% 16-01.06.21 | 225 000.00 | 224 365.05 | 0.04 |
| USD	LANDESKREDITBANK B-WUERTT FOERDBK-REG-S 1.37500% 16-21.07.21 | 250 000.00 | 248 376.00 | 0.04 |
| USD	MDGH - GMTN BV-REG-S 3.00000% 17-19.04.24 | 600 000.00 | 614 437.50 | 0.10 |
| USD	MUNICIPALITY FINANCE PLC-REG-S 1.87500% 17-18.09.20 | 200 000.00 | 200 014.00 | 0.03 |
| USD	NEDERLANDSE WATERSCHAPSBK NV-REG-S 3.00000% 18-21.12.21 | 200 000.00 | 204 922.00 | 0.04 |
| USD	NESTLE HOLDINGS INC-REG-S 1.87500% 16-09.03.21 | 500 000.00 | 499 938.00 | 0.09 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (USD) Semi-Annual Report as of 30 November 2019
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | NESTLE HOLDINGS INC-REG-S 2.37500% 17-18.01.22 | 325 000.00 | 328 184.22 | 0.06 |
| USD | NESTLE HOLDINGS INC-REG-S 3.12500% 18-22.03.23 | 415 000.00 | 430 172.40 | 0.07 |
| USD | NISSAN MOTOR ACCEPTANCE CORP-REG-S 2.60000% 17-28.09.22 | 100 000.00 | 100 539.47 | 0.02 |
| USD | NORDRHEIN-WESTFALEN, STATE OF-REG-S 2.25000% 15-16.04.25 | 200 000.00 | 203 568.80 | 0.03 |
| USD | SP POWERASSETS LTD-REG-S 3.25000% 15-24.11.25 | 400 000.00 | 420 328.00 | 0.07 |
| USD | SUMITOMO MITSUI BANKING CORP-REG-S 2.44000% 19-18.06.24 | 418 000.00 | 425 311.20 | 0.07 |
| USD | SVENSK EXPORTKREDIT AB 1.75000% 16-10.03.21 | 200 000.00 | 199 915.71 | 0.03 |
| USD | TORONTO-DOMINION BANK 2.50000% 15-14.12.20 | 1 200 000.00 | 1 207 391.88 | 0.20 |
| USD | TOYOTA MOTOR CREDIT CORP 2.60000% 17-11.01.22 | 350 000.00 | 355 030.51 | 0.06 |
| USD | TOYOTA MOTOR FINANCE NL BV-REG-S 2.76400% 19-26.04.21 | 450 000.00 | 453 728.88 | 0.08 |
| Total USD |  |  | 16 885 697.96 | 2.86 |
| Total Medium term notes, fixed rate |  | 16 885 697.96 | 2.86 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AGENCE FRANCAISE DE DEVELOPPEMENT-REG-S 1.62500% 15-21.01.20 | 300 000.00 | 299 884.20 | 0.05 |
| USD	BANK NEDERLANDSE GEMEENTEN NV-REG-S 2.62500% 14-28.04.21 | 350 000.00 | 353 998.05 | 0.06 |
| USD	BANK NEDERLANDSE GEMEENTEN NV-REG-S 2.37500% 16-16.03.26 | 450 000.00 | 463 408.20 | 0.08 |
| USD	BANK OF NOVA SCOTIA 1.85000% 15-14.04.20 | 400 000.00 | 399 822.06 | 0.07 |
| USD	CAISSE D’AMORTIS DE LA DETTE SOC-REG-S 1.87500% 15-12.02.22 | 475 000.00 | 476 236.90 | 0.08 |
| USD	CANADIAN IMPERIAL BANK OF COM/CAN-REG-S 2.35000% 17-27.07.22 | 350 000.00 | 353 830.65 | 0.06 |
| USD	CENTRAL JAPAN RAILWAY CO-REG-S 3.40000% 18-06.09.23 | 400 000.00 | 414 640.00 | 0.07 |
| USD	DBS BANK LTD-REG-S 3.30000% 18-27.11.21 | 480 000.00 | 490 905.60 | 0.08 |
| USD	DNB BOLIGKREDITT AS-REG-S 2.50000% 17-28.03.22 | 500 000.00 | 506 130.00 | 0.09 |
| USD	EUROPEAN INVESTMENT BANK 1.87500% 15-10.02.25 | 1 750 000.00 | 1 768 163.42 | 0.30 |
| USD	FAB SUKUK CO LTD-REG-S 3.87500% 19-22.01.24 | 300 000.00 | 315 093.75 | 0.05 |
| USD	FMS WERTMANAGEMENT 2.00000% 17-01.08.22 | 375 000.00 | 378 021.60 | 0.06 |
| USD	ING BANK NV-REG-S 2.62500% 12-05.12.22 | 250 000.00 | 255 250.00 | 0.04 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 3.87500% 10-14.02.20 | 750 000.00 | 752 795.25 | 0.13 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.12500% 15-15.01.25 | 1 050 000.00 | 1 069 541.34 | 0.18 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 14-25.11.24 | 675 000.00 | 700 222.25 | 0.12 |
| USD	INTL BK FOR RECONSTR & DEVT 2.50000% 15-29.07.25 | 1 450 000.00 | 1 510 295.50 | 0.26 |
| USD	KOREA NATIONAL OIL CORP-REG-S 3.25000% 14-10.07.24 | 450 000.00 | 468 421.87 | 0.08 |
| USD	KOREA, REPUBLIC OF 3.87500% 13-11.09.23 | 600 000.00 | 641 625.00 | 0.11 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.50000% 14-20.11.24 | 1 125 000.00 | 1 167 757.65 | 0.20 |
| USD	MDGH - GMTN BV-REG-S 2.75000% 16-11.05.23 | 500 000.00 | 505 625.00 | 0.08 |
| USD	MORGAN STANLEY 5.50000% 10-24.07.20 | 450 000.00 | 460 163.39 | 0.08 |
| USD	NOVARTIS CAPITAL CORP 3.40000% 14-06.05.24 | 200 000.00 | 211 487.06 | 0.04 |
| USD	OESTERREICHISCHE KONTROLLBANK AG 2.37500% 14-01.10.21 | 325 000.00 | 328 663.49 | 0.06 |
| USD	ONTARIO, PROVINCE OF 3.20000% 14-16.05.24 | 1 050 000.00 | 1 110 879.00 | 0.19 |
| USD	ONTARIO, PROVINCE OF 2.50000% 16-27.04.26 | 700 000.00 | 721 710.71 | 0.12 |
| USD	ROYAL BANK OF CANADA 2.10000% 15-14.10.20 | 375 000.00 | 375 348.33 | 0.06 |
| Total USD |  | 16 499 920.27 | 2.80 |
| Total Bonds, fixed rate |  | 16 499 920.27 | 2.80 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 2.62500% 19-15.02.29 | 5 000 000.00 | 5 359 570.00 | 0.91 |
| USD	AMERICA, UNITED STATES OF 1.50000% 15-31.01.22 | 5 000.00 | 4 987.31 | 0.00 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.02.27 | 4 050 000.00 | 4 192 857.27 | 0.71 |
| USD	AMERICA, UNITED STATES OF 1.75000% 13-15.05.23 | 25 000.00 | 25 112.30 | 0.01 |
| USD	AMERICA, UNITED STATES OF 1.50000% 17-15.05.20 | 25 000.00 | 24 981.45 | 0.00 |
| Total USD |  | 9 607 508.33 | 1.63 |
| Total Treasury notes, fixed rate |  | 9 607 508.33 | 1.63 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 280 550 060.73 | 47.55 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Treasury bills, zero coupon |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 06.12.18-05.12.19 | 1 600 000.00 | 1 599 812.10 | 0.27 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 11.07.19-09.01.20 | 1 600 000.00 | 1 597 354.08 | 0.27 |
| Total USD |  | 3 197 166.18 | 0.54 |
| Total Treasury bills, zero coupon |  | 3 197 166.18 | 0.54 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ALTRIA GROUP INC 2.85000% 12-09.08.22 | 500 000.00 | 507 197.20 | 0.09 |
| USD	FANNIE MAE 2.12500% 16-24.04.26 | 1 300 000.00 | 1 326 677.56 | 0.23 |
| USD	HSBC HOLDINGS PLC 4.87500% 11-14.01.22 | 275 000.00 | 290 451.02 | 0.05 |
| USD	MASSMUTUAL GLOBAL FUNDING II-REG-S 2.45000% 15-23.11.20 | 250 000.00 | 251 315.28 | 0.04 |
| USD	NATIONAL AUSTRALIA BANK LTD NEW YORK 2.87500% 18-12.04.23 | 250 000.00 | 255 598.82 | 0.04 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 1.95000% 17-28.09.20 | 200 000.00 | 200 121.22 | 0.03 |
| USD	PROCTER & GAMBLE CO 2.30000% 12-06.02.22 | 650 000.00 | 658 915.14 | 0.11 |
| USD	SANOFI 4.00000% 11-29.03.21 | 700 000.00 | 719 964.00 | 0.12 |
| Total USD |  | 4 210 240.24 | 0.71 |
| Total Notes, fixed rate |  | 4 210 240.24 | 0.71 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	JPMORGAN CHASE BANK NA 3.086%/VAR 18-26.04.21 | 300 000.00 | 301 141.23 | 0.05 |
| Total USD |  | 301 141.23 | 0.05 |
| Total Notes, floating rate |  | 301 141.23 | 0.05 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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) |  |

Medium term notes, fixed rate
| USD |  |
| --- | --- |
| USD | GOLDMAN SACHS GROUP INC/THE 3.85000% 14-08.07.24 | 350 000.00 | 370 466.18 | 0.06 |
| USD | GUARDIAN LIFE GLOBAL FUNDING-REG-S 2.00000% 16-26.04.21 | 450 000.00 | 450 198.86 | 0.08 |
| USD | MACQUARIE GROUP LTD-REG-S 6.25000% 11-14.01.21 | 500 000.00 | 521 065.00 | 0.09 |
| Total USD |  |  | 1 341 730.04 | 0.23 |
| Total Medium term notes, fixed rate |  | 1 341 730.04 | 0.23 |
| Medium term notes, zero coupon |  |  |  |
| USD |  |  |  |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.00000% 00-01.05.30 | 500 000.00 | 392 502.17 | 0.07 |
| Total USD |  | 392 502.17 | 0.07 |
| Total Medium term notes, zero coupon |  | 392 502.17 | 0.07 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 1.62500% 19-17.10.22 | 250 000.00 | 248 150.00 | 0.04 |
| USD	FEDERAL HOME LOAN BANK SYSTEM 2.00000% 12-09.09.22 | 600 000.00 | 605 288.46 | 0.10 |
| USD	ROYAL BANK OF CANADA-REG-S 3.35000% 18-22.10.21 | 500 000.00 | 513 329.10 | 0.09 |
| Total USD |  | 1 366 767.56 | 0.23 |
| Total Bonds, fixed rate |  | 1 366 767.56 | 0.23 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 10 809 547.42 | 1.83 |

Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market
Preference shares
United Kingdom
| GBP | ROLLS ROYCE HLDGS NON CUM RED PREF GBP0.001 C | 818 156.00 | 1 058.29 | 0.00 |
| --- | --- | --- | --- | --- |
| Total United Kingdom |  | 1 058.29 | 0.00 |
| Total Preference shares |  | 1 058.29 | 0.00 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	MASSMUTUAL GLOBAL FUNDING II-REG-S 2.95000% 18-11.01.25 | 350 000.00 | 359 777.00 | 0.06 |
| USD	SVENSKA HANDELSBANKEN AB 1.95000% 17-08.09.20 | 250 000.00 | 249 722.60 | 0.05 |
| Total USD |  | 609 499.60 | 0.11 |
| Total Notes, fixed rate |  | 609 499.60 | 0.11 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	HSBC BANK CANADA-REG-S 3.30000% 18-28.11.21 | 600 000.00 | 615 833.46 | 0.11 |
| USD	HSBC BANK CANADA-REG-S 1.65000% 19-10.09.22 | 300 000.00 | 297 943.59 | 0.05 |
| USD	MASSMUTUAL GLOBAL FUNDING II-REG-S 2.75000% 17-22.06.24 | 250 000.00 | 254 914.93 | 0.04 |
| USD	SWEDBANK AB-REG-S 2.80000% 17-14.03.22 | 200 000.00 | 202 025.76 | 0.03 |
| Total USD |  | 1 370 717.74 | 0.23 |
| Total Bonds, fixed rate | 1 370 717.74 | 0.23 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market | 1 981 275.63 | 0.34 |
| 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	UBS (IRL) ETF PLC-MSCI USA UCITS-ACC-A-USD-ETF	5 456 430.00 | 93 086 695.80 | 15.78 |
| USD	UBS ETFS PLC - MSCI USA TRN INDEX SF (USD) A-ACC	847 139.00 | 71 625 602.45 | 12.14 |
| USD	XTRACKERS MSCI USA UCITS ETF DR-1C-USD CAP	260 060.00 | 22 341 754.60 | 3.78 |
| Total Ireland | 187 054 052.85 | 31.70 |
| Luxembourg |  |  |
| USD	AQR UCITS FUNDS - GLOBAL RISK PARITY UCITS FUND-A2-CAP	100 059.10 | 11 946 055.95 | 2.03 |
| EUR	DB PLATINUM IV UBS MULTI-STRATEGY ALTERNATIVES-I0C-E-CAP	984.17 | 10 892 231.48 | 1.85 |
| USD	INVESCO FUNDS SICAV BAL RISK ALLOCATION-PI1-USD HDG-CAP	998 776.73 | 11 815 528.72 | 2.00 |
| USD	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR)(USD HEDGED) F-ACC	100 470.00 | 11 605 289.70 | 1.97 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD (USD) F-ACC	54 945.00 | 17 782 949.25 | 3.01 |
| USD	UBS (LUX) BOND SICAV - EMERG ECON CORPORATES (USD) F-ACC	102 108.00 | 11 582 110.44 | 1.96 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD) F-ACC	8 829.00 | 17 748 585.54 | 3.01 |
| USD	UBS (LUX) MONEY MARKET FUND - USD U-X-ACC	1.00 | 11 088.70 | 0.00 |
| Total Luxembourg | 93 383 839.78 | 15.83 |
| Total Investment funds, open end | 280 437 892.63 | 47.53 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 280 437 892.63 | 47.53 |
| Total investments in securities | 573 778 776.41 | 97.25 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (USD) Semi-Annual Report as of 30 November 2019
| Description | Quantity/ Nominal | Valuation in USD Unrealized gain (loss) on Futures/ Forward Exchange Contracts/ Swaps (Note 1) | as a % of net assets |
| --- | --- | --- | --- |
| Derivative instruments |  |  |  |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Financial Futures on bonds |  |  |  |
|  |  |  |  |
| USD	US 10YR ULTRA NOTE FUTURE 20.03.20 | -111.00 | 71 109.38 | 0.01 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.20 | -291.00 | 61 382.96 | 0.01 |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.20 | -210.00 | 24 609.48 | 0.01 |
| USD	US 10YR TREASURY NOTE FUTURE 20.03.20 | -148.00 | 64 750.00 | 0.01 |
| USD	US LONG BOND FUTURE 20.03.20 | -15.00 | 15 000.00 | 0.00 |
| Total Financial Futures on bonds |  | 236 851.82 | 0.04 |
| Financial Futures on Indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 20.12.19 | 225.00 | 187 508.16 | 0.03 |
| CHF	SWISS MARKET INDEX FUTURE 20.12.19 | 20.00 | 54 546.17 | 0.01 |
| GBP	FTSE 100 INDEX FUTURE 20.12.19 | 47.00 | 34 298.34 | 0.01 |
| SGD	MSCI SINGAPORE INDEX FUTURE 30.12.19 | 17.00 | -2 610.70 | 0.00 |
| USD	S&P500 EMINI FUTURE 20.12.19 | 387.00 | 2 033 191.57 | 0.34 |
| JPY	TOPIX INDX FUTURE 12.12.19 | 46.00 | 167 219.30 | 0.03 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 20.12.19 | 714.00 | 257 510.09 | 0.04 |
| AUD	SPI 200 INDEX FUTURE 19.12.19 | 18.00 | 33 356.70 | 0.01 |
| CAD	S&P/TSX 60 INDEX FUTURE 19.12.19 | 21.00 | 118 755.42 | 0.02 |
| HKD	HANG SENG INDEX FUTURE 30.12.19 | 7.00 | -35 367.76 | -0.01 |
| Total Financial Futures on Indices |  | 2 848 407.29 | 0.48 |
| Total Derivative instruments listed on an official stock exchange |  | 3 085 259.11 | 0.52 |
| Total Derivative instruments |  | 3 085 259.11 | 0.52 |
| Forward Foreign Exchange contracts |  |  |  |
| Forward Foreign Exchange contracts (Purchase/Sale) |  |  |  |

| USD | 11 413 177.82 | CHF | 11 312 000.00 | 9.1.2020 | 53 846.06 | 0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 10 432 144.00 | GBP | 8 224 000.00 | 9.1.2020 | -223 541.91 | -0.04 |
| USD | 6 032 559.33 | CAD | 7 975 000.00 | 9.1.2020 | 26 116.67 | 0.00 |
| USD | 6 330 632.94 | AUD | 9 335 000.00 | 9.1.2020 | 9 444.66 | 0.00 |
| JPY | 70 270 000.00 | USD | 652 782.99 | 9.1.2020 | -8 982.24 | 0.00 |
| USD | 184 982.11 | HKD | 1 450 000.00 | 9.1.2020 | -176.50 | 0.00 |
| USD | 43 835.33 | SGD | 60 000.00 | 9.1.2020 | -58.36 | 0.00 |
| USD | 32 440 107.33 | EUR | 29 285 000.00 | 9.1.2020 | 51 719.26 | 0.01 |
| USD | 370 143.14 | JPY | 40 000 000.00 | 9.1.2020 | 3 670.53 | 0.00 |
| USD | 468 375.18 | EUR | 420 000.00 | 9.1.2020 | 3 866.97 | 0.00 |
| HKD | 2 000 000.00 | USD | 255 182.60 | 9.1.2020 | 208.59 | 0.00 |
| USD | 410 370.86 | JPY | 44 500 000.00 | 9.1.2020 | 2 670.09 | 0.00 |
| USD | 368 792.29 | CHF | 365 000.00 | 9.1.2020 | 2 265.05 | 0.00 |
| USD | 14 821 464.01 | GBP | 11 476 000.00 | 15.1.2020 | -50 163.95 | -0.01 |
| USD | 6 288 093.17 | AUD | 9 065 000.00 | 15.1.2020 | 148 863.10 | 0.03 |
| USD | 6 134 993.17 | CAD | 8 049 000.00 | 15.1.2020 | 72 728.37 | 0.01 |
| HKD | 550 000.00 | USD | 70 199.73 | 15.1.2020 | 31.45 | 0.00 |
| USD | 44 260.48 | SGD | 60 000.00 | 15.1.2020 | 363.78 | 0.00 |
| USD | 13 082 909.18 | CHF | 12 888 000.00 | 15.1.2020 | 135 723.85 | 0.02 |
| USD | 2 469 713.41 | JPY | 267 630 000.00 | 15.1.2020 | 16 980.71 | 0.00 |
| USD | 41 873 447.91 | EUR | 37 442 000.00 | 15.1.2020 | 448 608.05 | 0.08 |
| USD | 784 698.77 | EUR | 705 000.00 | 9.1.2020 | 4 988.56 | 0.00 |
| USD | 784 992.05 | EUR | 705 000.00 | 15.1.2020 | 4 998.67 | 0.00 |
| USD | 170 228.73 | CAD | 225 000.00 | 15.1.2020 | 765.49 | 0.00 |
| USD | 170 226.93 | CAD | 225 000.00 | 9.1.2020 | 766.17 | 0.00 |
| USD | 38 250.36 | HKD | 300 000.00 | 9.1.2020 | -58.32 | 0.00 |
| USD | 38 247.81 | HKD | 300 000.00 | 15.1.2020 | -60.11 | 0.00 |
| EUR | 750 000.00 | USD | 828 124.50 | 9.1.2020 | 1 354.45 | 0.00 |
| EUR | 750 000.00 | USD | 828 441.75 | 15.1.2020 | 1 338.44 | 0.00 |
| GBP | 7 463 500.00 | USD | 9 631 410.90 | 16.1.2020 | 40 719.02 | 0.01 |
| SEK | 2 830 400.00 | USD | 295 254.22 | 16.1.2020 | 1 314.05 | 0.00 |
| EUR | 144 551 900.00 | USD | 159 813 689.60 | 16.1.2020 | 124 395.30 | 0.02 |
| CHF | 95 237 100.00 | USD | 95 867 910.85 | 16.1.2020 | -186 974.87 | -0.03 |
| SGD | 16 708 200.00 | USD | 12 245 104.36 | 16.1.2020 | -21 050.21 | 0.00 |
| USD | 573 722.75 | EUR | 519 200.00 | 16.1.2020 | -741.19 | 0.00 |
| JPY | 25 000 000.00 | USD | 230 253.68 | 15.1.2020 | -1 137.67 | 0.00 |
| JPY | 25 000 000.00 | USD | 230 176.30 | 9.1.2020 | -1 130.92 | 0.00 |
| CHF | 2 356 700.00 | USD | 2 368 039.83 | 16.1.2020 | -356.84 | 0.00 |
| USD | 33 068.71 | SGD | 45 200.00 | 16.1.2020 | -0.52 | 0.00 |
| USD | 361 355.99 | CAD | 480 000.00 | 15.1.2020 | -165.58 | 0.00 |
| USD | 233 403.54 | AUD | 345 000.00 | 9.1.2020 | -212.95 | 0.00 |
| USD | 361 353.81 | CAD | 480 000.00 | 9.1.2020 | -162.49 | 0.00 |
| USD | 265 568.48 | GBP | 205 000.00 | 15.1.2020 | -88.87 | 0.00 |
| USD | 265 524.20 | GBP | 205 000.00 | 9.1.2020 | -90.54 | 0.00 |
| USD | 233 438.73 | AUD | 345 000.00 | 15.1.2020 | -210.95 | 0.00 |
| USD | 275 970.87 | CHF | 275 000.00 | 9.1.2020 | -179.79 | 0.00 |
| USD | 276 084.46 | CHF | 275 000.00 | 15.1.2020 | -178.42 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | 662 024.14 | 0.11 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 13 756 444.12 | 2.33 |
| Bank overdraft and other short-term liabilities | -2 249.11 | 0.00 |
| Other assets and liabilities | -1 281 527.56 | -0.21 |
| Total net assets | 589 998 727.11 | 100.00 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (USD)
Semi-Annual Report as of 30 November 2019

Translation (ENDE, 2019-11-30):
# UBS (Lux) Strategy SICAV
– Systematic Allocation Portfolio Dynamic (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Nettovermögen in USD |  | 589 998 727.11 | 531 905 248.10 | 449 170 847.39 |
| Klasse K-1-acc | LU1622991310 |  |  |  |
| Aktien im Umlauf |  | 3.5000 | 2.1000 | 2.4000 |
| Nettoinventarwert pro Aktie in USD |  | 5 760 369.48 | 5 438 272.62 | 5 380 103.20 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 5 760 369.48 | 5 438 272.62 | 5 387 097.33 |
| Klasse (EUR hedged) K-1-acc | LU1622991401 |  |  |  |
| Aktien im Umlauf |  | 11.0000 | 11.3000 | 7.4000 |
| Nettoinventarwert pro Aktie in EUR |  | 3 200 709.32 | 3 061 446.40 | 3 118 040.35 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 3 200 709.32 | 3 061 446.40 | 3 122 093.80 |
| Klasse K-X-acc 2 | LU1807254237 |  |  |  |
| Aktien im Umlauf |  | 56 583.0980 | 115 000.0000 | - |
| Nettoinventarwert pro Aktie in USD |  | 106.07 | 99.56 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 106.07 | 99.56 | - |
| Klasse P-4%-mdist | LU1599188155 |  |  |  |
| Aktien im Umlauf |  | 262 517.3520 | 205 611.5260 | 250 358.7160 |
| Nettoinventarwert pro Aktie in USD |  | 104.08 | 100.48 | 103.98 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 104.08 | 100.48 | 104.12 |
| Klasse P-acc | LU1599187934 |  |  |  |
| Aktien im Umlauf |  | 1 471 146.2120 | 1 335 014.9300 | 1 224 045.5890 |
| Nettoinventarwert pro Aktie in USD |  | 114.54 | 108.42 | 107.83 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 114.54 | 108.42 | 107.97 |
| Klasse (CHF hedged) P-acc | LU1599188239 |  |  |  |
| Aktien im Umlauf |  | 470 959.5060 | 469 504.4440 | 327 402.6990 |
| Nettoinventarwert pro Aktie in CHF |  | 106.33 | 102.19 | 105.06 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 106.33 | 102.19 | 105.20 |
| Klasse (EUR hedged) P-acc | LU1599188403 |  |  |  |
| Aktien im Umlauf |  | 434 261.6210 | 498 600.4010 | 520 493.7610 |
| Nettoinventarwert pro Aktie in EUR |  | 107.51 | 103.10 | 105.56 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 107.51 | 103.10 | 105.70 |
| Klasse (GBP hedged) P-acc | LU1616912678 |  |  |  |
| Aktien im Umlauf |  | 27 205.6370 | 35 387.9960 | 38 566.8700 |
| Nettoinventarwert pro Aktie in GBP |  | 110.03 | 105.04 | 106.31 |
| Ausgabe- und Rücknahmepreis pro Aktie in GBP 1 |  | 110.03 | 105.04 | 106.45 |
| Klasse (SGD hedged) P-acc | LU1599188668 |  |  |  |
| Aktien im Umlauf |  | 148 835.6550 | 144 118.4140 | 132 224.5660 |
| Nettoinventarwert pro Aktie in SGD |  | 112.78 | 107.07 | 107.22 |
| Ausgabe- und Rücknahmepreis pro Aktie in SGD 1 |  | 112.78 | 107.07 | 107.36 |
| Klasse Q-4%-mdist 3 | LU1898250995 |  |  |  |
| Aktien im Umlauf |  | 104 334.8030 | 68 881.1740 | - |
| Nettoinventarwert pro Aktie in USD |  | 105.59 | 101.51 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 105.59 | 101.51 | - |
| Klasse Q-acc | LU1599188072 |  |  |  |
| Aktien im Umlauf |  | 655 223.2700 | 537 450.9870 | 209 500.3440 |
| Nettoinventarwert pro Aktie in USD |  | 117.02 | 110.29 | 108.76 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 117.02 | 110.29 | 108.90 |
| Klasse (CHF hedged) Q-acc | LU1599188312 |  |  |  |
| Aktien im Umlauf |  | 440 561.7440 | 445 784.0190 | 317 383.7310 |
| Nettoinventarwert pro Aktie in CHF |  | 108.64 | 103.96 | 105.97 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 108.64 | 103.96 | 106.11 |
| Klasse (EUR hedged) Q-acc | LU1599188585 |  |  |  |
| Aktien im Umlauf |  | 575 846.4780 | 575 694.3890 | 616 063.5740 |
| Nettoinventarwert pro Aktie in EUR |  | 109.84 | 104.89 | 106.48 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 109.84 | 104.89 | 106.62 |
| Klasse (GBP hedged) Q-acc | LU1616912751 |  |  |  |
| Aktien im Umlauf |  | 40 872.4870 | 17 037.0830 | 12 460.2540 |
| Nettoinventarwert pro Aktie in GBP |  | 110.36 | 104.91 | 105.28 |
| Ausgabe- und Rücknahmepreis pro Aktie in GBP 1 |  | 110.36 | 104.91 | 105.42 |
| Klasse (SEK hedged) Q-acc | LU1599188825 |  |  |  |
| Aktien im Umlauf |  | 4 135.0000 | 33 381.1640 | 10 714.2860 |
| Nettoinventarwert pro Aktie in SEK |  | 694.34 | 662.58 | 672.23 |
| Ausgabe- und Rücknahmepreis pro Aktie in SEK 1 |  | 694.34 | 662.58 | 673.10 |
| 1  Siehe Erläuterung 1 2  Erste NAV 5.10.2018 3  Erste NAV 5.11.2018 |  |  |  |  |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (USD) Halbjahresbericht per 30. November 2019

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Irland | 34.02 |
| --- | --- |
| Luxemburg | 16.69 |
| Vereinigte Staaten | 10.03 |
| Japan | 4.47 |
| Schweiz | 4.18 |
| Frankreich | 4.16 |
| Kanada | 4.06 |
| Deutschland | 3.89 |
| Grossbritannien | 3.78 |
| Australien | 2.82 |
| Niederlande | 2.36 |
| Südkorea | 0.96 |
| Spanien | 0.92 |
| Italien | 0.67 |
| Supranational | 0.66 |
| Philippinen | 0.57 |
| Finnland | 0.43 |
| Belgien | 0.39 |
| Katar | 0.35 |
| Vereinigte Arabische Emirate | 0.34 |
| Kuwait | 0.27 |
| Singapur | 0.26 |
| Norwegen | 0.22 |
| Jersey | 0.20 |
| Österreich | 0.13 |
| Schweden | 0.11 |
| Neuseeland | 0.07 |
| Britische Jungferninseln | 0.06 |
| Portugal | 0.05 |
| Cayman-Inseln | 0.05 |
| Dänemark | 0.04 |
| Südafrika | 0.02 |
| Isle of Man | 0.01 |
| Papua-Neuguinea | 0.01 |
| Total | 97.25 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Anlagefonds | 47.56 |
| --- | --- |
| Banken & Kreditinstitute | 7.18 |
| Finanz- & Beteiligungsgesellschaften | 6.50 |
| Pharmazeutik, Kosmetik & medizinische Produkte | 3.61 |
| Supranationale Organisationen | 3.22 |
| Länder- & Zentralregierungen | 2.97 |
| Erdöl | 2.42 |
| Internet, Software & IT-Dienste | 2.03 |
| Nahrungsmittel & Softdrinks | 1.46 |
| Versicherungen | 1.44 |
| Computer & Netzwerkausrüster | 1.44 |
| Kantone, Bundesstaaten | 1.40 |
| Energie- & Wasserversorgung | 1.22 |
| Elektronik & Halbleiter | 1.21 |
| Chemie | 1.16 |
| Detailhandel, Warenhäuser | 1.06 |
| Telekommunikation | 1.04 |
| Tabak & alkoholische Getränke | 0.93 |
| Fahrzeuge | 0.90 |
| Verkehr & Transport | 0.78 |
| Baugewerbe & Baumaterial | 0.74 |
| Immobilien | 0.65 |
| Diverse Konsumgüter | 0.57 |
| Diverse Dienstleistungen | 0.57 |
| Textilien, Kleidung & Lederwaren | 0.55 |
| Elektrische Geräte & Komponenten | 0.46 |
| Maschinen & Apparate | 0.43 |
| Bergbau, Kohle & Stahl | 0.42 |
| Flugzeug- & Raumfahrtindustrie | 0.41 |
| Biotechnologie | 0.38 |
| Grafisches Gewerbe, Verlage & Medien | 0.32 |
| Nichteisenmetalle | 0.27 |
| Gastgewerbe & Freizeit | 0.26 |
| Öffentlich-rechtliche Körperschaften | 0.26 |
| Pfandbriefinstitute & Refinanzierungsgesellschaften | 0.24 |
| Diverse Investitionsgüter | 0.22 |
| Diverse Handelsfirmen | 0.21 |
| Uhren & Schmuck | 0.16 |
| Edelmetalle und -steine | 0.15 |
| Gummi & Reifen | 0.12 |
| Forstwirtschaft, Holz & Papier | 0.12 |
| Gesundheits- & Sozialwesen | 0.07 |
| Diverse nicht klassierte Gesellschaften | 0.05 |
| Landwirtschaft & Fischerei | 0.04 |
| Verpackungsindustrie | 0.03 |
| Photo & Optik | 0.02 |
| Total | 97.25 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (USD)
Halbjahresbericht per 30. November 2019

## Nettovermögensaufstellung
Aktiva	30.11.2019
USD
Wertpapierbestand, Einstandswert	527 134 473.44
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	46 644 302.97	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 573 778 776.41 |
| Bankguthaben, Sicht- und Fristgelder | 10 776 334.14 |
| Andere liquide Mittel (Margins) | 2 980 109.98 |
| Forderungen aus Wertpapierverkäufen (Erläuterung 1) | 93.92 |
| Forderungen aus Zeichnungen | 196 842.84 |
| Zinsforderungen aus Wertpapieren | 736 735.26 |
| Forderungen aus Dividenden | 392 803.60 |
| Sonstige Forderungen | 89 248.95 |
| Nicht realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten (Erläuterung 1) | 3 085 259.11 |
| Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1) | 662 024.14 |
| Total Aktiva | 592 698 228.35 |
|  |  |
| Passiva |  |
| Kontokorrentkredit | -2 249.11 |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -1 257 373.20 |
| Verbindlichkeiten aus Rücknahmen | -1 092 314.32 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -294 152.55 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -40 484.96 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-12 927.10	 |
| Total Rückstellungen für Aufwendungen | -347 564.61 |
| Total Passiva | -2 699 501.24 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 589 998 727.11 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 1.6.2019-30.11.2019 |
| Zinsertrag auf liquide Mittel | 99 388.36 |
| Zinsen auf Wertpapiere | 1 510 831.70 |
| Dividenden | 1 491 924.88 |
| Erträge aus Securities Lending (Erläuterung 12) | 71 984.53 |
| Sonstige Erträge (Erläuterung 4) | 71 980.96 |
| Total Erträge | 3 246 110.43 |
|  |  |
| Aufwendungen |  |
| Kosten aus Securities Lending (Erläuterung 12) | -28 793.81 |
| Pauschale Verwaltungskommission (Erläuterung 2) | -3 720 902.51 |
| Abonnementsabgabe (Erläuterung 3) | -124 281.58 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -59 044.63 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -4 970.92 |
| Total Aufwendungen | -3 937 993.45 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | -691 883.02 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 4 630 588.19 |
| Realisierter Kursgewinn (-verlust) aus renditebewerteten Wertpapieren und Geldmarktinstrumenten | 92 340.69 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | -18 996 043.44 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | -2 523 641.47 |
| Realisierter Kursgewinn (-verlust) aus Swaps | -3.11 |
| Realisierter Währungsgewinn (-verlust) | 1 269 305.50 |
| Total der realisierten Gewinne (Verluste) | -15 527 453.64 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | -16 219 336.66 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 39 419 981.09 |
| Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente | 11 241.75 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | 5 941 631.84 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | -1 799 394.81 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 43 573 459.87 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 27 354 123.21 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (USD) Halbjahresbericht per 30. November 2019
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-30.11.2019 |
| Nettovermögen zu Beginn der Berichtsperiode | 531 905 248.10 |
| Zeichnungen | 94 381 585.97 |
| Rücknahmen | 	-62 935 658.41	 |
| Total Mittelzufluss (-abfluss) | 31 445 927.56 |
| Ausbezahlte Dividende | -706 571.76 |
| Nettoerträge (-verluste) aus Anlagen | -691 883.02 |
| Total der realisierten Gewinne (Verluste) | -15 527 453.64 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	43 573 459.87	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 27 354 123.21 |
| Nettovermögen am Ende der Berichtsperiode | 589 998 727.11 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2019-30.11.2019 |
| Klasse | K-1-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 2.1000 |
| Anzahl der ausgegebenen Aktien | 1.9000 |
| Anzahl der zurückgegebenen Aktien | -0.5000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 3.5000 |
| Klasse | (EUR hedged) K-1-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 11.3000 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -0.3000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 11.0000 |
| Klasse | K-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 115 000.0000 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -58 416.9020 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 56 583.0980 |
| Klasse | P-4%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 205 611.5260 |
| Anzahl der ausgegebenen Aktien | 96 337.5060 |
| Anzahl der zurückgegebenen Aktien | -39 431.6800 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 262 517.3520 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 1 335 014.9300 |
| Anzahl der ausgegebenen Aktien | 228 049.6330 |
| Anzahl der zurückgegebenen Aktien | -91 918.3510 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 1 471 146.2120 |
| Klasse | (CHF hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 469 504.4440 |
| Anzahl der ausgegebenen Aktien | 52 102.6050 |
| Anzahl der zurückgegebenen Aktien | -50 647.5430 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 470 959.5060 |
| Klasse | (EUR hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 498 600.4010 |
| Anzahl der ausgegebenen Aktien | 58 120.8970 |
| Anzahl der zurückgegebenen Aktien | -122 459.6770 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 434 261.6210 |
| Klasse | (GBP hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 35 387.9960 |
| Anzahl der ausgegebenen Aktien | 6 419.1190 |
| Anzahl der zurückgegebenen Aktien | -14 601.4780 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 27 205.6370 |
| Klasse | (SGD hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 144 118.4140 |
| Anzahl der ausgegebenen Aktien | 23 385.1990 |
| Anzahl der zurückgegebenen Aktien | -18 667.9580 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 148 835.6550 |
| Klasse | Q-4%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 68 881.1740 |
| Anzahl der ausgegebenen Aktien | 36 428.9970 |
| Anzahl der zurückgegebenen Aktien | -975.3680 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 104 334.8030 |
| Klasse | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 537 450.9870 |
| Anzahl der ausgegebenen Aktien | 141 551.9320 |
| Anzahl der zurückgegebenen Aktien | -23 779.6490 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 655 223.2700 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (USD)
Halbjahresbericht per 30. November 2019
| Klasse | (CHF hedged) Q-acc |
| --- | --- |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 445 784.0190 |
| Anzahl der ausgegebenen Aktien | 29 682.8900 |
| Anzahl der zurückgegebenen Aktien | -34 905.1650 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 440 561.7440 |
| Klasse | (EUR hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 575 694.3890 |
| Anzahl der ausgegebenen Aktien | 54 137.8810 |
| Anzahl der zurückgegebenen Aktien | -53 985.7920 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 575 846.4780 |
| Klasse | (GBP hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 17 037.0830 |
| Anzahl der ausgegebenen Aktien | 25 493.2460 |
| Anzahl der zurückgegebenen Aktien | -1 657.8420 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 40 872.4870 |
| Klasse | (SEK hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 33 381.1640 |
| Anzahl der ausgegebenen Aktien | 4 135.0000 |
| Anzahl der zurückgegebenen Aktien | -33 381.1640 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 4 135.0000 |

| Monatliche Ausschüttung 1 |  |
| --- | --- |
| UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (USD) | Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| P-4%-mdist | 11.6.2019 | 14.6.2019 | USD | 0.33 |
| P-4%-mdist | 10.7.2019 | 15.7.2019 | USD | 0.34 |
| P-4%-mdist | 12.8.2019 | 16.8.2019 | USD | 0.34 |
| P-4%-mdist | 10.9.2019 | 13.9.2019 | USD | 0.34 |
| P-4%-mdist | 10.10.2019 | 15.10.2019 | USD | 0.33 |
| P-4%-mdist | 11.11.2019 | 14.11.2019 | USD | 0.34 |
| Q-4%-mdist | 11.6.2019 | 14.6.2019 | USD | 0.33 |
| Q-4%-mdist | 10.7.2019 | 15.7.2019 | USD | 0.35 |
| Q-4%-mdist | 12.8.2019 | 16.8.2019 | USD | 0.35 |
| Q-4%-mdist | 10.9.2019 | 13.9.2019 | USD | 0.34 |
| Q-4%-mdist | 10.10.2019 | 15.10.2019 | USD | 0.34 |
| Q-4%-mdist | 11.11.2019 | 14.11.2019 | USD | 0.34 |
| 1  Siehe Erläuterung 5 |  |  |  |  |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (USD) Halbjahresbericht per 30. November 2019

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Inhaberaktien |  |  |  |
| Australien |  |  |  |
| AUD	AGL ENERGY NPV | 8 287.00 | 114 404.72 | 0.02 |
| AUD	ALUMINA LTD NPV | 23 044.00 | 36 005.88 | 0.01 |
| AUD	AMP LIMITED NPV(POST RECON) | 42 571.00 | 56 294.28 | 0.01 |
| AUD	APA GROUP NPV | 12 962.00 | 96 442.46 | 0.02 |
| AUD	ARISTOCRAT LEISURE NPV | 7 167.00 | 164 435.98 | 0.03 |
| AUD	ASX LTD NPV | 2 586.00 | 142 924.71 | 0.02 |
| AUD	AURIZON HOLDINGS NPV | 24 419.00 | 95 468.33 | 0.02 |
| AUD	AUSNET SERVICES NPV | 11 781.00 | 13 865.48 | 0.00 |
| AUD	AUST & NZ BANK GRP NPV | 35 682.00 | 599 520.97 | 0.10 |
| AUD	BLUESCOPE STEEL NPV | 5 942.00 | 58 478.91 | 0.01 |
| AUD	BORAL LIMITED NPV | 12 589.00 | 43 768.13 | 0.01 |
| AUD	BRAMBLES LTD NPV | 19 096.00 | 162 102.51 | 0.03 |
| AUD	CALTEX AUSTRALIA NPV | 2 957.00 | 69 123.97 | 0.01 |
| AUD	CHALLENGER LIMITED NPV | 6 265.00 | 34 494.44 | 0.01 |
| AUD	CIMIC GROUP LTD NPV | 1 223.00 | 27 828.26 | 0.00 |
| AUD	CMNWLTH BK OF AUST NPV | 22 052.00 | 1 205 508.92 | 0.20 |
| AUD	COCA-COLA AMATIL NPV | 5 842.00 | 44 968.40 | 0.01 |
| AUD	COCHLEAR LTD NPV | 739.00 | 116 962.15 | 0.02 |
| AUD	COMPUTERSHARE LTD NPV(POST REC) | 6 701.00 | 80 362.22 | 0.01 |
| AUD	CROWN RESORTS LTD NPV | 4 640.00 | 40 517.98 | 0.01 |
| AUD	CSL NPV | 5 642.00 | 1 081 830.21 | 0.18 |
| AUD	DEXUS NPV (STAPLED) | 13 519.00 | 111 834.20 | 0.02 |
| AUD	FLIGHT CENTRE TRAVEL GROUP LTD NPV | 674.00 | 20 073.00 | 0.00 |
| AUD	FORTESCUE METALS G NPV | 16 261.00 | 107 019.69 | 0.02 |
| AUD	GOODMAN GROUP (STAPLED SECURITY) | 19 704.00 | 197 517.78 | 0.03 |
| AUD	GPT GROUP NPV (STAPLED SECURITIES) | 22 772.00 | 94 728.33 | 0.02 |
| AUD	HARVEY NORMAN HLDG NPV | 5 619.00 | 16 342.97 | 0.00 |
| AUD	INCITEC PIVOT NPV | 15 269.00 | 33 359.28 | 0.01 |
| AUD	INSURANCE AUST GRP NPV | 27 406.00 | 146 260.23 | 0.03 |
| AUD	LEND LEASE GROUP NPV | 7 608.00 | 99 370.25 | 0.02 |
| AUD	MACQUARIE GP LTD NPV | 4 104.00 | 383 219.29 | 0.07 |
| AUD	MAGELLAN FINANCIAL NPV | 1 537.00 | 54 570.01 | 0.01 |
| AUD	MEDIBANK PRIVATE L NPV | 32 647.00 | 71 988.72 | 0.01 |
| AUD	MIRVAC GROUP STAPLED SECURITIES | 39 554.00 | 90 162.08 | 0.02 |
| AUD	NATL AUSTRALIA BK NPV | 35 180.00 | 616 072.02 | 0.10 |
| AUD	NEWCREST MINING NPV | 9 222.00 | 191 873.52 | 0.03 |
| AUD	ORICA LIMITED NPV | 5 238.00 | 84 252.14 | 0.01 |
| AUD	ORIGIN ENERGY NPV | 21 697.00 | 127 679.90 | 0.02 |
| AUD	QBE INS GROUP NPV | 16 131.00 | 138 351.59 | 0.02 |
| AUD	RAMSAY HEALTH CARE NPV | 2 249.00 | 111 018.90 | 0.02 |
| AUD	REA GROUP LIMITED NPV | 810.00 | 57 177.17 | 0.01 |
| AUD	RIO TINTO LIMITED NPV | 4 763.00 | 312 182.07 | 0.05 |
| AUD	SANTOS LIMITED NPV | 22 155.00 | 122 132.98 | 0.02 |
| AUD	SCENTRE GROUP NPV STAPLED UNIT | 58 743.00 | 156 551.03 | 0.03 |
| AUD	SEEK LIMITED NPV | 3 790.00 | 59 448.86 | 0.01 |
| AUD	SONIC HEALTHCARE NPV | 5 581.00 | 113 702.65 | 0.02 |
| AUD	SOUL PATTINSON(WH) NPV | 1 286.00 | 19 415.06 | 0.00 |
| AUD	SOUTH32 LTD NPV | 53 162.00 | 97 088.70 | 0.02 |
| AUD	STOCKLAND NPV (STAPLED) | 28 904.00 | 98 730.86 | 0.02 |
| AUD	SUNCORP GROUP LTD NPV | 15 382.00 | 139 210.67 | 0.02 |
| AUD	SYDNEY AIRPORT NPV(STAPLED SECURITY) | 12 051.00 | 74 828.90 | 0.01 |
| AUD	TABCORP HLDGS LTD NPV | 20 137.00 | 65 243.00 | 0.01 |
| AUD	TELSTRA CORP NPV | 46 492.00 | 121 386.15 | 0.02 |
| AUD	TPG TELECOM LTD NPV | 4 194.00 | 19 829.38 | 0.00 |
| AUD	TRANSURBAN GROUP STAPLED UNITS NPV | 33 658.00 | 349 462.26 | 0.06 |
| AUD	TREASURY WINE ESTA NPV | 9 247.00 | 116 962.34 | 0.02 |
| AUD	VICINITY CENTRES NPV (STAPLED SECURITY) | 28 961.00 | 52 499.11 | 0.01 |
| AUD	WESFARMERS LTD NPV | 14 252.00 | 408 449.04 | 0.07 |
| AUD	WESTPAC BKG CORP NPV | 43 074.00 | 714 396.41 | 0.12 |
| AUD	WOODSIDE PETROLEUM NPV | 12 099.00 | 282 421.68 | 0.05 |
| AUD	WOOLWORTHS GRP LTD NPV | 15 921.00 | 428 174.02 | 0.07 |
| AUD	WORLEY LIMITED NPV | 5 513.00 | 55 934.90 | 0.01 |
| Total Australien |  | 10 846 230.05 | 1.84 |
| Österreich |  |  |  |
| EUR	ANDRITZ AG NPV(BR) | 931.00 | 36 338.83 | 0.00 |
| EUR	ERSTE GROUP BK AG NPV | 4 352.00 | 155 951.74 | 0.02 |
| EUR	OMV AG NPV(VAR) | 2 012.00 | 114 781.63 | 0.02 |
| EUR	RAIFFEISEN BK INTL NPV (REGD) | 1 627.00 | 38 228.65 | 0.01 |
| EUR	VERBUND AG CLASS’A’NPV | 890.00 | 46 298.39 | 0.01 |
| EUR	VOESTALPINE AG NPV | 1 622.00 | 43 011.43 | 0.01 |
| Total Österreich |  | 434 610.67 | 0.07 |
| Belgien |  |  |  |
| EUR	ANHEUSER-BUSCH IN NPV | 10 105.00 | 800 759.22 | 0.13 |
| EUR	COLRUYT SA NPV | 736.00 | 38 141.14 | 0.01 |
| EUR	GALAPAGOS NV NPV | 338.00 | 66 653.60 | 0.01 |
| EUR	GPE BRUXELLES LAM NPV | 1 220.00 | 123 890.34 | 0.02 |
| EUR	PROXIMUS SA NPV | 2 034.00 | 61 404.81 | 0.01 |
| EUR	SOLVAY SA NPV | 1 042.00 | 119 486.56 | 0.02 |
| EUR	UMICORE NPV | 2 508.00 | 107 792.20 | 0.02 |
| Total Belgien |  | 1 318 127.87 | 0.22 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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) |  |
| Kanada |  |  |  |  |
| CAD | 1ST CAP REALTY INC COM NPV | 1 500.00 | 24 370.41 | 0.00 |
| CAD | AIR CANADA VAR VTG SHS NPV | 1 045.00 | 39 376.81 | 0.01 |
| CAD | ALTAGAS LTD COM NPV | 2 076.00 | 30 790.29 | 0.01 |
| CAD | ATCO LTD CL 1 NON VTG | 600.00 | 22 762.28 | 0.00 |
| CAD | AURORA CANNABIS IN COM NPV | 5 000.00 | 12 497.65 | 0.00 |
| CAD | BOMBARDIER INC CLASS’B’SUB-VTG NPV | 13 579.00 | 20 139.76 | 0.00 |
| CAD | CAE INC COM NPV | 2 100.00 | 56 426.88 | 0.01 |
| CAD | CAMECO CORP COM | 2 930.00 | 26 691.51 | 0.00 |
| CAD | CANADIAN UTILS LTD CL A | 975.00 | 28 671.94 | 0.01 |
| CAD | CANOPY GROWTH CORP COM NPV | 1 800.00 | 33 215.13 | 0.01 |
| CAD | CI FINANCIAL CORP COM NPV | 1 942.00 | 30 586.59 | 0.01 |
| CAD | EMERA INC COM | 1 983.00 | 81 544.48 | 0.01 |
| CAD | EMPIRE LTD CL A | 1 300.00 | 34 813.48 | 0.01 |
| CAD | HUSKY ENERGY INC COM | 2 604.00 | 18 957.79 | 0.00 |
| CAD | HYDRO ONE INC COM NPV | 2 493.00 | 46 960.18 | 0.01 |
| CAD | IGM FINANCIAL INC COM | 1 126.00 | 32 383.36 | 0.01 |
| CAD | KEYERA CORPORATION COM NPV | 1 670.00 | 40 748.88 | 0.01 |
| CAD | KINROSS GOLD CORP COM NPV | 10 773.00 | 46 555.26 | 0.01 |
| CAD | KIRKLAND LAKE GOLD COM NPV | 1 600.00 | 67 204.22 | 0.01 |
| CAD | LUNDIN MINING CORP COM | 4 800.00 | 25 983.06 | 0.00 |
| CAD | METHANEX CORP COM | 500.00 | 18 607.19 | 0.00 |
| CAD | ONEX CORP SUB VTG | 900.00 | 53 596.84 | 0.01 |
| CAD | PRAIRIESKY ROYALTY COM NPV | 1 600.00 | 16 502.92 | 0.00 |
| CAD | QUEBECOR INC CL B | 1 500.00 | 37 199.32 | 0.01 |
| CAD | STARS GROUP INC(TH COM NPV) | 2 200.00 | 52 720.50 | 0.01 |
| CAD | TELUS CORPORATION NPV | 1 623.00 | 61 266.49 | 0.01 |
| CAD | WEST FRASER TIMBER COM NPV | 400.00 | 17 397.33 | 0.00 |
| CAD | WSP GLOBAL INC COM NPV | 1 000.00 | 64 543.57 | 0.01 |
| Total Kanada | 1 042 514.12 | 0.18 |
| Finnland |  |  |  |  |
| EUR | KONE CORPORATION NPV ORD ‘B’ | 4 627.00 | 289 880.31 | 0.05 |
| EUR | METSO OYJ NPV | 1 592.00 | 61 085.80 | 0.01 |
| EUR | WARTSILA OYJ ABP SER’B’EUR3.50 | 5 344.00 | 53 832.00 | 0.01 |
| Total Finnland |  | 404 798.11 | 0.07 |
| Frankreich |  |  |  |
| EUR	ACCOR EUR3 | 2 607.00 | 111 615.99 | 0.02 |
| EUR	ADP EUR3 | 367.00 | 71 826.12 | 0.01 |
| EUR	AIR LIQUIDE(L’) EUR5.5 (POST-SUBDIVISION) | 6 349.00 | 861 400.13 | 0.15 |
| EUR	AIRBUS EUR1 | 7 766.00 | 1 142 276.40 | 0.19 |
| EUR	ALSTOM EUR7.00 | 1 957.00 | 85 405.26 | 0.01 |
| EUR	AMUNDI EUR2.5 (AIW) | 886.00 | 67 113.28 | 0.01 |
| EUR	ARKEMA EUR10 | 979.00 | 101 532.63 | 0.02 |
| EUR	ATOS SE EUR1 | 1 367.00 | 116 179.15 | 0.02 |
| EUR	AXA EUR2.29 | 25 986.00 | 707 565.18 | 0.12 |
| EUR	BIOMERIEUX NPV (POST SPLIT) | 509.00 | 46 048.38 | 0.01 |
| EUR	BNP PARIBAS EUR2 | 15 238.00 | 856 368.32 | 0.14 |
| EUR	BOLLORE EUR0.16 | 10 890.00 | 46 588.38 | 0.01 |
| EUR	BOUYGUES EUR1 | 3 090.00 | 126 332.82 | 0.02 |
| EUR	BUREAU VERITAS EUR0.12 | 3 885.00 | 101 778.36 | 0.02 |
| EUR	CAPGEMINI EUR8 | 2 160.00 | 255 666.48 | 0.04 |
| EUR	CARREFOUR EUR2.50 | 7 961.00 | 131 491.42 | 0.02 |
| EUR	CASINO GUICH-PERR EUR1.53 | 782.00 | 34 437.59 | 0.01 |
| EUR	CIE DE ST-GOBAIN EUR4 | 6 749.00 | 273 473.20 | 0.05 |
| EUR	CNP ASSURANCES EUR1 | 2 167.00 | 42 816.87 | 0.01 |
| EUR	COVIVIO EUR3 | 559.00 | 61 881.88 | 0.01 |
| EUR	CREDIT AGRICOLE SA EUR3 | 15 049.00 | 206 002.44 | 0.03 |
| EUR	DANONE EUR0.25 | 8 275.00 | 681 746.40 | 0.12 |
| EUR	DASSAULT AVIATION EUR8 | 33.00 | 44 936.46 | 0.01 |
| EUR	DASSAULT SYSTEMES EUR0.50 | 1 766.00 | 278 448.40 | 0.05 |
| EUR	EDENRED EUR2 | 3 164.00 | 157 162.62 | 0.03 |
| EUR	EDF EUR0.5 | 8 212.00 | 84 424.64 | 0.01 |
| EUR	EIFFAGE EUR4 | 1 141.00 | 124 674.40 | 0.02 |
| EUR	ENGIE EUR1 | 24 520.00 | 388 233.40 | 0.07 |
| EUR	ESSILORLUXOTTICA EUR0.18 | 3 811.00 | 592 483.21 | 0.10 |
| EUR	EURAZEO NPV | 606.00 | 41 326.66 | 0.01 |
| EUR	EUTELSAT COMMUNICA EUR1 | 2 294.00 | 37 662.24 | 0.01 |
| EUR	FAURECIA EUR7 | 961.00 | 51 009.08 | 0.01 |
| EUR	GETLINK SE EUR0.40 | 5 498.00 | 92 810.67 | 0.02 |
| EUR	HERMES INTL NPV | 416.00 | 311 903.49 | 0.05 |
| EUR	ICADE NPV | 290.00 | 29 049.65 | 0.00 |
| EUR	ILIAD NPV | 292.00 | 37 202.39 | 0.01 |
| EUR	INGENICO GROUP EUR1 | 827.00 | 88 321.81 | 0.01 |
| EUR	IPSEN EUR1 | 486.00 | 54 926.02 | 0.01 |
| EUR	JC DECAUX SA NPV | 787.00 | 22 561.40 | 0.00 |
| EUR	KERING EUR4 | 1 030.00 | 620 875.16 | 0.11 |
| EUR	KLEPIERRE EUR1.40 | 3 008.00 | 108 022.34 | 0.02 |
| EUR	L’OREAL EUR0.20 | 3 390.00 | 966 972.48 | 0.16 |
| EUR	LEGRAND SA EUR4 | 3 634.00 | 287 210.89 | 0.05 |
| EUR	LVMH MOET HENNESSY EUR0.30 | 3 707.00 | 1 664 772.85 | 0.28 |
| EUR	NATIXIS EUR1.6 | 13 893.00 | 58 102.77 | 0.01 |
| EUR	ORANGE EUR4 | 27 188.00 | 449 662.33 | 0.08 |
| EUR	PERNOD RICARD EUR1.55 | 2 860.00 | 525 677.78 | 0.09 |
| EUR	PEUGEOT SA EUR1 | 8 147.00 | 196 904.78 | 0.03 |
| EUR	PUBLICIS GROUPE SA EUR0.40 | 2 755.00 | 121 324.26 | 0.02 |
| EUR	REMY COINTREAU EUR1.60 | 302.00 | 38 925.97 | 0.01 |
| EUR	RENAULT SA EUR3.81 | 2 515.00 | 120 502.42 | 0.02 |
| EUR	SAFRAN EUR0.20 | 4 334.00 | 709 393.32 | 0.12 |
| EUR	SANOFI EUR2 | 15 085.00 | 1 405 631.25 | 0.24 |
| EUR	SARTORIUS STEDIM B EUR0.20 (POST SUBD) | 414.00 | 65 778.25 | 0.01 |
| EUR	SCHNEIDER ELECTRIC EUR8 | 7 277.00 | 702 869.13 | 0.12 |
| EUR	SCOR SE EUR7.876972 (POST CONS) | 2 275.00 | 97 803.10 | 0.02 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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) |  |
|  |  |  |  |  |
| EUR | SEB SA EUR1 | 306.00 | 47 572.78 | 0.01 |
| EUR | SOC GENERALE EUR1.25 | 10 142.00 | 319 374.18 | 0.05 |
| EUR | SODEXO EUR4 | 1 203.00 | 140 336.06 | 0.02 |
| EUR | SUEZ EUR4 | 4 632.00 | 68 615.81 | 0.01 |
| EUR | TELEPERFORMANCE EUR2.50 | 813.00 | 192 728.97 | 0.03 |
| EUR | THALES EUR3 | 1 397.00 | 136 966.34 | 0.02 |
| EUR | TOTAL EUR2.5 | 31 805.00 | 1 670 648.71 | 0.28 |
| EUR | UBISOFT ENTERTAIN EUR0.31 | 1 104.00 | 67 071.60 | 0.01 |
| EUR | UNIBAIL-RODAMCO-WE NPV(1 ORD UNIBAIL-R & 1CLS) | 1 874.00 | 293 204.05 | 0.05 |
| EUR | VALEO EUR1 (POST SUBD) | 3 419.00 | 134 807.67 | 0.02 |
| EUR | VEOLIA ENVIRONNEME EUR5 | 6 990.00 | 179 114.72 | 0.03 |
| EUR | VINCI EUR2.50 | 6 757.00 | 737 427.55 | 0.12 |
| EUR | VIVENDI SA EUR5.50 | 12 360.00 | 339 613.15 | 0.06 |
| EUR | WENDEL EUR4 | 311.00 | 41 937.72 | 0.01 |
| EUR | WORLDLINE EUR0.68 | 1 173.80 | 76 036.12 | 0.01 |
| Total Frankreich |  | 21 152 567.73 | 3.58 |
| Deutschland |  |  |  |
| EUR	BAYERISCHE MOTOREN WERKE AG EUR1 | 4 505.00 | 364 096.71 | 0.06 |
| EUR	BEIERSDORF AG NPV | 1 400.00 | 163 394.29 | 0.03 |
| EUR	CARL ZEISS MEDITEC NPV | 487.00 | 59 603.25 | 0.01 |
| EUR	COMMERZBANK AG NPV | 14 791.00 | 85 799.32 | 0.02 |
| EUR	CONTINENTAL AG ORD NPV | 1 523.00 | 199 160.21 | 0.03 |
| EUR	COVESTRO AG NPV | 2 294.00 | 107 497.99 | 0.02 |
| EUR	DEUTSCHE WOHNEN AG NPV (BR) | 4 643.00 | 181 481.73 | 0.03 |
| EUR	FRAPORT AG NPV | 582.00 | 49 617.26 | 0.01 |
| EUR	FRESENIUS MED CARE NPV | 2 963.00 | 217 451.77 | 0.04 |
| EUR	FRESENIUS SE & CO. KGAA NPV | 5 659.00 | 309 734.41 | 0.05 |
| EUR	GEA GROUP AG NPV | 1 810.00 | 58 214.74 | 0.01 |
| EUR	HEIDELBERGCEMENT NPV | 2 083.00 | 154 109.63 | 0.03 |
| EUR	HENKEL AG & CO KGAA | 1 347.00 | 130 400.75 | 0.02 |
| EUR	HOCHTIEF AG NPV | 336.00 | 41 307.81 | 0.01 |
| EUR	KION GROUP AG NPV | 952.00 | 63 211.44 | 0.01 |
| EUR	KNORR BREMSE AG NPV | 606.00 | 58 986.54 | 0.01 |
| EUR	LANXESS AG NPV | 1 243.00 | 82 917.17 | 0.01 |
| EUR	MERCK KGAA NPV | 1 708.00 | 199 623.52 | 0.03 |
| EUR	METRO AG (NEW) NPV | 2 118.00 | 34 153.86 | 0.01 |
| EUR	PUMA SE NPV | 1 040.00 | 78 205.21 | 0.01 |
| EUR	RWE AG (NEU) NPV | 7 296.00 | 216 479.37 | 0.04 |
| EUR	SAP AG ORD NPV | 13 136.00 | 1 788 453.89 | 0.30 |
| EUR	SYMRISE AG NPV (BR) | 1 813.00 | 175 993.17 | 0.03 |
| EUR	THYSSENKRUPP AG NPV | 5 292.00 | 66 401.84 | 0.01 |
| EUR	VOLKSWAGEN AG ORD NPV | 399.00 | 76 175.16 | 0.01 |
| EUR	WIRECARD AG NPV | 1 591.00 | 210 157.54 | 0.04 |
| EUR	ZALANDO SE NPV | 1 788.00 | 77 083.65 | 0.01 |
| Total Deutschland |  | 5 249 712.23 | 0.89 |
| Irland |  |  |  |
| EUR	AIB GROUP PLC ORD EUR0.625 | 7 309.00 | 23 934.94 | 0.00 |
| EUR	BANK OF IRELAND GR EUR1 | 9 786.00 | 49 202.60 | 0.01 |
| GBP	DCC ORD EUR0.25 | 1 069.00 | 91 372.22 | 0.02 |
| EUR	FLUTTER ENTERTAINM ORD EUR0.09 | 926.00 | 106 184.79 | 0.02 |
| EUR	KERRY GROUP ‘A’ORD EUR0.125(DUBLIN LIST) | 1 912.00 | 245 391.13 | 0.04 |
| Total Irland |  | 516 085.68 | 0.09 |
| Italien |  |  |  |
| EUR	ASSIC GENERALI SPA EUR1 | 13 990.00 | 285 832.18 | 0.05 |
| EUR	FINECOBANK SPA EUR0.33 | 8 113.00 | 100 725.13 | 0.02 |
| EUR	LEONARDO SPA EUR4.40 | 5 881.00 | 68 831.81 | 0.01 |
| EUR	POSTE ITALIANE SPA NPV | 7 596.00 | 88 694.95 | 0.01 |
| EUR	TELECOM ITALIA SPA DI RISP EUR0.55 | 80 126.00 | 49 385.93 | 0.01 |
| EUR	TELECOM ITALIA SPA EUR0.55 | 112 445.00 | 70 446.49 | 0.01 |
| Total Italien |  | 663 916.49 | 0.11 |
| Japan |  |  |  |
| JPY	ACOM CO NPV | 1 600.00 | 6 633.18 | 0.00 |
| JPY	ADVANTEST CORP NPV | 1 300.00 | 63 510.18 | 0.01 |
| JPY	AEON FINANCIAL SER NPV | 800.00 | 12 090.22 | 0.00 |
| JPY	AIR WATER INC NPV | 900.00 | 14 448.00 | 0.00 |
| JPY	AISIN SEIKI CO NPV | 900.00 | 34 024.29 | 0.01 |
| JPY	AMADA CO LTD NPV | 2 700.00 | 30 079.44 | 0.01 |
| JPY	AOZORA BANK LTD | 800.00 | 20 367.09 | 0.00 |
| JPY	ASAHI INTECC CO LT NPV | 1 200.00 | 34 955.71 | 0.01 |
| JPY	BANDAI NAMCO HLDGS NPV | 1 300.00 | 78 788.24 | 0.01 |
| JPY	BENESSE HOLDINGS INC NPV | 400.00 | 10 548.81 | 0.00 |
| JPY	BK OF KYOTO NPV | 600.00 | 24 737.47 | 0.00 |
| JPY	CALBEE INC NPV | 600.00 | 19 313.30 | 0.00 |
| JPY	CENTRAL JAPAN RLWY NPV | 1 000.00 | 201 762.39 | 0.03 |
| JPY	CHIBA BANK NPV | 3 000.00 | 17 094.33 | 0.00 |
| JPY	CHUGAI PHARM CO NPV | 1 500.00 | 130 919.55 | 0.02 |
| JPY	COCA-COLA BOTTLERS NPV | 700.00 | 16 804.86 | 0.00 |
| JPY	CONCORDIA FINANCIA NPV | 6 600.00 | 26 759.20 | 0.00 |
| JPY	CREDIT SAISON CO NPV | 1 100.00 | 18 180.99 | 0.00 |
| JPY	CYBER AGENT NPV | 900.00 | 31 065.66 | 0.01 |
| JPY	DAI-ICHI LIFE HOLD NPV | 6 600.00 | 106 253.31 | 0.02 |
| JPY	DAICEL CORP | 1 700.00 | 16 703.50 | 0.00 |
| JPY	DAIFUKU CO LTD NPV | 700.00 | 40 717.74 | 0.01 |
| JPY	DAIICHI SANKYO COM NPV | 4 000.00 | 250 643.78 | 0.04 |
| JPY	DAIKIN INDUSTRIES NPV | 1 700.00 | 244 420.60 | 0.04 |
| JPY	DAITO TRUST CONST NPV | 500.00 | 61 113.14 | 0.01 |
| JPY	DAIWA HOUSE INDS NPV | 3 900.00 | 119 268.56 | 0.02 |
| JPY	DAIWA HOUSE REIT I REIT | 15.00 | 41 009.95 | 0.01 |
| JPY	DENTSU INC NPV | 1 600.00 | 58 003.84 | 0.01 |
| JPY	DISCO CORPORATION NPV | 200.00 | 43 137.61 | 0.01 |
| JPY	EISAI CO NPV | 1 700.00 | 125 897.18 | 0.02 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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) |  |
|  |  |  |  |  |
| JPY | FANUC CORP NPV | 1 400.00 | 267 254.13 | 0.05 |
| JPY | FAST RETAILING CO NPV | 400.00 | 243 594.19 | 0.04 |
| JPY | FUJI ELECTRIC CO L NPV | 1 000.00 | 30 773.45 | 0.01 |
| JPY | FUKUOKA FINANCIAL NPV | 800.00 | 15 231.49 | 0.00 |
| JPY | GMO PAYMENT GATEWA NPV | 200.00 | 14 172.22 | 0.00 |
| JPY | HANKYU HANSHIN HLD NPV | 1 800.00 | 77 253.22 | 0.01 |
| JPY | HIKARI TSUSHIN INC NPV | 200.00 | 46 607.62 | 0.01 |
| JPY | HIROSE ELECTRIC NPV | 210.00 | 25 811.34 | 0.00 |
| JPY | HISAMITSU PHARM CO NPV | 300.00 | 14 710.99 | 0.00 |
| JPY | HITACHI CHEMICAL NPV | 1 000.00 | 35 978.45 | 0.01 |
| JPY | HITACHI HIGH-TECH NPV | 400.00 | 26 079.81 | 0.00 |
| JPY | HOSHIZAKI CORPORAT NPV | 300.00 | 26 216.78 | 0.00 |
| JPY | HULIC CO LTD NPV | 1 800.00 | 20 233.77 | 0.00 |
| JPY | IDEMITSU KOSAN CO LTD | 1 292.00 | 35 252.45 | 0.01 |
| JPY | IHI CORP NPV | 800.00 | 18 650.35 | 0.00 |
| JPY | ISETAN MITSUKOSHI NPV | 1 900.00 | 16 916.27 | 0.00 |
| JPY | ISUZU MOTORS NPV | 4 400.00 | 51 449.18 | 0.01 |
| JPY | ITOCHU TECHNO-SOLU NPV | 600.00 | 16 014.98 | 0.00 |
| JPY | J FRONT RETAILING NPV | 1 300.00 | 17 070.59 | 0.00 |
| JPY | JAPAN AIRPORT TERM NPV | 500.00 | 25 979.36 | 0.00 |
| JPY | JAPAN EXCHANGE GP NPV | 3 300.00 | 56 079.81 | 0.01 |
| JPY | JAPAN REAL ESTATE INVESTMENT CORP | 10.00 | 68 030.32 | 0.01 |
| JPY | JGC HLDGS CORP NPV | 1 100.00 | 15 981.19 | 0.00 |
| JPY | JSR CORP NPV | 2 000.00 | 35 375.76 | 0.01 |
| JPY | JTEKT CORPORATION NPV | 1 400.00 | 17 386.54 | 0.00 |
| JPY | KAJIMA CORP NPV | 3 000.00 | 39 530.64 | 0.01 |
| JPY | KAKAKU.COM. INC NPV | 1 100.00 | 26 528.17 | 0.01 |
| JPY | KAMIGUMI CO LTD NPV | 1 000.00 | 22 153.23 | 0.00 |
| JPY | KANSAI ELEC POWER NPV | 4 600.00 | 52 422.61 | 0.01 |
| JPY | KANSAI PAINT CO NPV | 1 200.00 | 30 221.90 | 0.01 |
| JPY | KAO CORP NPV | 3 300.00 | 259 516.02 | 0.04 |
| JPY | KAWASAKI HEAVY IND NPV | 1 100.00 | 24 689.98 | 0.00 |
| JPY | KEIHAN HOLDINGS CO NPV | 700.00 | 34 197.79 | 0.01 |
| JPY | KEIKYU CORP | 1 300.00 | 26 721.76 | 0.00 |
| JPY | KEIO CORPORATION NPV | 700.00 | 44 872.61 | 0.01 |
| JPY | KEISEI ELEC RY CO NPV | 1 100.00 | 45 301.80 | 0.01 |
| JPY | KIKKOMAN CORP NPV | 1 100.00 | 55 246.10 | 0.01 |
| JPY | KINTETSU GROUP HOL NPV | 1 000.00 | 56 524.52 | 0.01 |
| JPY | KIRIN HOLDINGS CO LTD NPV | 5 700.00 | 126 117.25 | 0.02 |
| JPY | KOBAYASHI PHARMACE NPV | 400.00 | 32 800.66 | 0.01 |
| JPY | KOITO MFG CO LTD NPV | 700.00 | 36 051.50 | 0.01 |
| JPY | KOMATSU NPV | 6 400.00 | 150 021.00 | 0.03 |
| JPY | KOSE CORPORATION NPV | 200.00 | 31 832.71 | 0.01 |
| JPY | KURARAY CO NPV | 2 400.00 | 28 994.61 | 0.01 |
| JPY | KURITA WATER INDS NPV | 800.00 | 22 354.12 | 0.00 |
| JPY | KYUSHU ELEC POWER NPV | 2 200.00 | 19 366.27 | 0.00 |
| JPY | KYUSHU RAILWAY COR NPV | 800.00 | 27 212.13 | 0.01 |
| JPY | LINE CORP NPV | 400.00 | 18 811.07 | 0.00 |
| JPY | LION CORP NPV | 1 300.00 | 26 175.69 | 0.00 |
| JPY | M3 INC NPV | 3 200.00 | 87 955.44 | 0.02 |
| JPY | MAKITA CORP NPV | 1 400.00 | 46 278.88 | 0.01 |
| JPY | MARUI GROUP NPV | 1 200.00 | 28 863.12 | 0.01 |
| JPY | MARUICHI STL TUBE NPV | 600.00 | 17 258.70 | 0.00 |
| JPY | MCDONALD’S HOLDING NPV | 400.00 | 19 760.75 | 0.00 |
| JPY | MEBUKIFINANCIAL G NPV | 4 700.00 | 12 145.92 | 0.00 |
| JPY | MEIJI HOLDINGS CO NPV | 800.00 | 54 351.20 | 0.01 |
| JPY | MINEBEA MITSUMI INC | 2 400.00 | 46 549.17 | 0.01 |
| JPY | MISUMI GROUP INC NPV | 1 800.00 | 44 543.88 | 0.01 |
| JPY | MITSUBISHI GAS CHM NPV | 800.00 | 12 506.62 | 0.00 |
| JPY | MITSUBISHI MOTOR C NPV | 3 400.00 | 15 213.22 | 0.00 |
| JPY | MITSUBISHI UFJ LEA NV | 1 300.00 | 8 345.36 | 0.00 |
| JPY | MITSUI CHEMICALS NPV | 1 200.00 | 28 742.58 | 0.01 |
| JPY | MITSUI FUDOSAN CO NPV | 6 300.00 | 156 651.45 | 0.03 |
| JPY | MONOTARO CO.LTD NPV | 1 000.00 | 28 125.29 | 0.01 |
| JPY | NABTESCO CORP NPV | 1 000.00 | 30 682.13 | 0.01 |
| JPY | NAGOYA RAILROAD CO NPV | 1 400.00 | 44 553.01 | 0.01 |
| JPY | NH FOODS LTD NPV | 500.00 | 20 956.99 | 0.00 |
| JPY | NIDEC CORPORATION NPV | 1 600.00 | 236 544.61 | 0.04 |
| JPY | NIPPON BUILDING FD REIT | 10.00 | 75 061.64 | 0.01 |
| JPY | NIPPON EXPRESS CO NPV | 500.00 | 31 686.60 | 0.01 |
| JPY | NIPPON PAINT HLDGS NPV | 1 200.00 | 63 994.16 | 0.01 |
| JPY | NIPPON STEEL CORP NPV | 5 400.00 | 79 168.11 | 0.01 |
| JPY | NISSAN CHEMICAL CO NPV | 800.00 | 31 668.34 | 0.01 |
| JPY | NISSHIN SEIFUN GRP NPV | 1 800.00 | 33 794.17 | 0.01 |
| JPY | NISSIN FOODS HLDG NPV | 400.00 | 29 951.60 | 0.01 |
| JPY | NITORI HOLDINGS CO LTD | 600.00 | 93 964.02 | 0.02 |
| JPY | NITTO DENKO CORP NPV | 1 000.00 | 56 067.94 | 0.01 |
| JPY | NOMURA REAL ESTATE HOLDINGS INC | 800.00 | 19 322.44 | 0.00 |
| JPY | NSK LTD NPV | 1 800.00 | 17 390.19 | 0.00 |
| JPY | OBAYASHI CORP NPV | 5 100.00 | 54 022.46 | 0.01 |
| JPY | OBIC CO LTD NPV | 500.00 | 66 340.97 | 0.01 |
| JPY | ODAKYU ELEC RLWY NPV | 2 300.00 | 56 518.13 | 0.01 |
| JPY | OJI HOLDINGS CO NPV | 6 000.00 | 34 243.45 | 0.01 |
| JPY | OLYMPUS CORP NPV | 8 000.00 | 118 637.57 | 0.02 |
| JPY | ONO PHARMACEUTICAL NPV | 2 700.00 | 60 528.71 | 0.01 |
| JPY | ORACLE CORP JAPAN NPV | 400.00 | 36 782.03 | 0.01 |
| JPY | ORIENTAL LAND CO NPV | 1 400.00 | 193 617.02 | 0.03 |
| JPY | PAN PACIFIC INTERNATIONAL HOLDINGS CORP | 3 200.00 | 51 838.19 | 0.01 |
| JPY | PEPTIDREAM INC NPV | 600.00 | 27 559.13 | 0.01 |
| JPY | PERSOL HOLDINGS CO NPV | 1 600.00 | 29 411.01 | 0.01 |
| JPY | PIGEON CORP NPV | 800.00 | 37 183.82 | 0.01 |
| JPY | POLA ORBIS HOLDINGS IN NPV | 1 000.00 | 24 637.02 | 0.00 |
| JPY | RAKUTEN INC NPV | 5 600.00 | 48 528.90 | 0.01 |
| JPY | RECRUIT HLDGS CO L NPV | 9 500.00 | 343 703.77 | 0.06 |
| JPY | RINNAI CORP NPV | 200.00 | 15 341.06 | 0.00 |
| JPY | RYOHIN KEIKAKU CO NPV | 2 000.00 | 45 530.09 | 0.01 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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) |  |
|  |  |  |  |  |
| JPY | SANKYO CO LTD NPV | 200.00 | 6 757.37 | 0.00 |
| JPY | SBI HOLDINGS INC NPV | 1 500.00 | 31 134.14 | 0.01 |
| JPY | SECOM CO NPV | 1 500.00 | 127 481.51 | 0.02 |
| JPY | SEIBU HOLDINGS INC NPV | 1 200.00 | 21 137.80 | 0.00 |
| JPY | SEKISUI HOUSE NPV | 4 700.00 | 101 502.15 | 0.02 |
| JPY | SEVEN BANK NPV | 1 900.00 | 5 881.65 | 0.00 |
| JPY | SHARP CORP NPV | 1 900.00 | 28 696.92 | 0.01 |
| JPY | SHIMANO INC NPV | 500.00 | 80 814.54 | 0.01 |
| JPY | SHIMIZU CORP NPV | 4 000.00 | 38 279.61 | 0.01 |
| JPY | SHIN-ETSU CHEMICAL NPV | 2 600.00 | 278 020.27 | 0.05 |
| JPY | SHINSEI BANK NPV | 1 300.00 | 20 453.84 | 0.00 |
| JPY | SHIONOGI & CO NPV | 1 900.00 | 111 699.39 | 0.02 |
| JPY | SHISEIDO CO LTD NPV | 2 800.00 | 202 118.53 | 0.03 |
| JPY | SHIZUOKA BANK NPV | 3 000.00 | 22 819.83 | 0.00 |
| JPY | SHOWA DENKO KK NPV | 1 200.00 | 32 029.95 | 0.01 |
| JPY | SMC CORP NPV | 400.00 | 181 207.20 | 0.03 |
| JPY | SONY FINANCIAL HOL NPV | 1 000.00 | 23 194.23 | 0.00 |
| JPY | STANLEY ELECTRIC NPV | 1 200.00 | 33 202.45 | 0.01 |
| JPY | SUMITOMO HEAVY IND NPV | 600.00 | 17 149.12 | 0.00 |
| JPY | SUMITOMO METAL MNG NPV | 1 700.00 | 51 476.58 | 0.01 |
| JPY | SUMITOMO RUBBER NPV | 1 500.00 | 19 053.05 | 0.00 |
| JPY | SUNDRUG CO LTD NPV | 400.00 | 14 026.12 | 0.00 |
| JPY | SUNTORY BEVERAGE & NPV | 900.00 | 39 037.53 | 0.01 |
| JPY | SUZUKEN CO LTD NPV | 400.00 | 17 477.86 | 0.00 |
| JPY | SUZUKI MOTOR CORP NPV | 2 500.00 | 110 857.46 | 0.02 |
| JPY | SYSMEX CORP NPV | 1 200.00 | 83 137.61 | 0.01 |
| JPY | T&D HOLDINGS INC NPV | 3 600.00 | 42 341.34 | 0.01 |
| JPY | TAIHEIYO CEMENT NPV | 600.00 | 17 340.88 | 0.00 |
| JPY | TAISEI CORP NPV | 1 500.00 | 58 830.24 | 0.01 |
| JPY | TAISHO PHARM H NPV | 200.00 | 14 756.64 | 0.00 |
| JPY | TAIYO NIPPON SANSO NPV | 700.00 | 15 577.57 | 0.00 |
| JPY | TEIJIN LTD NPV | 1 500.00 | 28 202.90 | 0.01 |
| JPY | TERUMO CORP NPV | 4 600.00 | 161 342.34 | 0.03 |
| JPY | THK CO LTD NPV | 600.00 | 16 847.78 | 0.00 |
| JPY | TOBU RAILWAY CO NPV | 1 200.00 | 43 886.40 | 0.01 |
| JPY | TOHO CO LTD NPV | 1 000.00 | 40 589.90 | 0.01 |
| JPY | TOHO GAS CO NPV | 500.00 | 18 879.55 | 0.00 |
| JPY | TOHOKU ELEC POWER NPV | 2 400.00 | 23 778.65 | 0.00 |
| JPY | TOKYO CENTURY CORP NPV | 400.00 | 21 331.39 | 0.00 |
| JPY | TOKYO GAS CO NPV | 2 500.00 | 60 371.20 | 0.01 |
| JPY | TOKYU CORP NPV | 3 700.00 | 72 945.85 | 0.01 |
| JPY | TORAY INDS INC NPV | 10 800.00 | 71 401.70 | 0.01 |
| JPY | TOSOH CORP NPV | 1 400.00 | 20 838.28 | 0.00 |
| JPY | TOTO LTD NPV | 1 000.00 | 43 740.30 | 0.01 |
| JPY | TOYO SUISAN KAISHA NPV | 600.00 | 25 860.65 | 0.00 |
| JPY | TOYODA GOSEI NPV | 100.00 | 2 334.95 | 0.00 |
| JPY | TOYOTA INDUSTRIES NPV | 800.00 | 46 972.88 | 0.01 |
| JPY | TOYOTA TSUSHO CORP NPV | 1 500.00 | 52 392.48 | 0.01 |
| JPY | TSURUHA HOLDINGS I NPV | 300.00 | 35 695.37 | 0.01 |
| JPY | USS CO LTD NPV | 1 200.00 | 23 252.67 | 0.00 |
| JPY | WELCIA HOLDINGS CO NPV | 300.00 | 18 381.88 | 0.00 |
| JPY | YAKULT HONSHA CO NPV | 700.00 | 41 037.35 | 0.01 |
| JPY | YAMAHA CORP NPV | 1 000.00 | 55 063.46 | 0.01 |
| JPY | YAMATO HOLDINGS CO NPV | 2 000.00 | 34 188.66 | 0.01 |
| JPY | ZOZO INC NPV | 940.00 | 18 703.86 | 0.00 |
| Total Japan | 9 897 075.21 | 1.68 |
| Jersey |  |  |  |  |
| GBP | GLENCORE XSTRATA ORD USD0.01 | 116 059.00 | 366 148.33 | 0.06 |
| Total Jersey |  | 366 148.33 | 0.06 |
| Luxemburg |  |  |  |
| EUR	AROUNDTOWN SA EUR0.01 | 12 701.00 | 110 380.49 | 0.02 |
| EUR	EUROFINS SCIENTIFI EUR0.10 | 152.00 | 79 875.87 | 0.01 |
| Total Luxemburg |  | 190 256.36 | 0.03 |
| Niederlande |  |  |  |
| USD	AERCAP HOLDINGS EUR0.01 | 1 847.00 | 114 163.07 | 0.02 |
| EUR	AKZO NOBEL NV EUR0.50(POST REV SPLIT) | 3 135.00 | 300 452.10 | 0.05 |
| EUR	ALTICE EUROPE N.V. EUR0.01 (COMMON SHARES A) | 5 510.00 | 32 818.91 | 0.00 |
| EUR	EXOR NV EUR0.01 | 1 494.00 | 114 387.43 | 0.02 |
| EUR	HEINEKEN HOLDING EUR1.6 | 1 638.00 | 157 127.12 | 0.03 |
| EUR	HEINEKEN NV EUR1.60 | 3 555.00 | 368 612.63 | 0.06 |
| EUR	ING GROEP N.V. EUR0.01 | 51 599.00 | 594 191.10 | 0.10 |
| EUR	KON KPN NV EUR0.04 | 50 004.00 | 154 155.81 | 0.03 |
| EUR	KONINKLIJKE AHOLD EUR0.01 | 16 087.00 | 414 792.06 | 0.07 |
| EUR	KONINKLIJKE PHILIPS NV EUR0.20 | 12 153.00 | 564 738.70 | 0.10 |
| USD	NXP SEMICONDUCTORS EUR0.20 | 3 831.00 | 442 786.98 | 0.07 |
| EUR	QIAGEN NV EUR0.01 | 3 088.00 | 132 311.65 | 0.02 |
| EUR	RANDSTAD N.V. EUR0.10 | 1 524.00 | 88 823.96 | 0.01 |
| GBP	ROYAL DUTCH SHELL ‘B’SHS EUR0.07 (UK LIST) | 39 639.00 | 1 122 623.36 | 0.19 |
| EUR	STMICROELECTRONICS EUR1.04 | 8 746.00 | 215 046.47 | 0.04 |
| EUR	VOPAK(KON) EUR0.50 | 855.00 | 45 618.37 | 0.01 |
| EUR	WOLTERS KLUWER EUR0.12 | 3 859.00 | 277 251.46 | 0.05 |
| Total Niederlande |  | 5 139 901.18 | 0.87 |
| Papua-Neuguinea |  |  |  |
| AUD	OIL SEARCH LTD PGK0.10 | 15 068.00 | 75 828.44 | 0.01 |
| Total Papua-Neuguinea |  | 75 828.44 | 0.01 |
| Spanien |  |  |  |
| EUR	ACS ACTIVIDADES CO EUR0.5 | 3 554.00 | 138 445.57 | 0.02 |
| EUR	AENA SME S.A. EUR10 | 885.00 | 162 666.03 | 0.03 |
| EUR	AMADEUS IT GROUP EUR0.01 | 5 962.00 | 475 278.60 | 0.08 |
| EUR	BANKIA S.A. EUR1 (POST CONS) | 17 436.00 | 33 807.05 | 0.01 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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) |  |
|  |  |  |  |  |
| EUR | BCO DE SABADELL EUR0.125 | 84 848.00 | 94 208.28 | 0.02 |
| EUR | CAIXABANK SA EUR1 | 47 268.00 | 139 623.31 | 0.02 |
| EUR | CELLNEX TELECOM SA EUR0.25 | 3 167.00 | 136 185.43 | 0.02 |
| EUR | ENAGAS SA EUR1.50 | 3 379.00 | 84 237.75 | 0.02 |
| EUR | ENDESA SA EUR1.2 | 4 465.00 | 121 502.33 | 0.02 |
| EUR | FERROVIAL SA EUR0.2 | 6 158.00 | 182 985.40 | 0.03 |
| EUR | GRIFOLS SA EUR0.25 (CLASS A) POST SUBD | 4 101.00 | 140 219.86 | 0.02 |
| EUR | IBERDROLA SA EUR0.75 (POST SUBDIVISION) | 79 324.00 | 780 866.47 | 0.13 |
| EUR | INDITEX EUR0.03 (POST SUBD) | 14 206.00 | 442 651.52 | 0.08 |
| EUR | NATURGY ENERGY GRO EUR1 | 4 247.00 | 110 512.72 | 0.02 |
| EUR | RED ELECTRICA CORP EUR0.5 | 5 983.00 | 117 094.19 | 0.02 |
| EUR | REPSOL SA EUR1 | 18 957.00 | 298 689.41 | 0.05 |
| EUR | SIEMENS GAMESA RENEWABLE ENERGY | 3 440.00 | 54 940.79 | 0.01 |
| EUR | TELEFONICA SA EUR1 | 62 788.00 | 481 287.30 | 0.08 |
| Total Spanien	3 995 202.01	0.68 |
| Schweiz |  |  |  |  |
| CHF | PARGESA HLDGS SA CHF20(BR) | 732.00 | 57 792.37 | 0.01 |
| CHF | SWATCH GROUP CHF2.25(BR) | 534.00 | 149 617.25 | 0.03 |
| CHF | SWISS RE AG CHF0.10 | 5 550.00 | 601 455.95 | 0.10 |
| CHF | VIFOR PHARMA AG CHF0.01 | 802.00 | 143 089.61 | 0.02 |
| Total Schweiz |  | 951 955.18 | 0.16 |
| Grossbritannien |  |  |  |
| GBP	3I GROUP ORD GBP0.738636 | 10 848.00 | 150 281.52 | 0.03 |
| GBP	ASTRAZENECA ORD USD0.25 | 13 915.00 | 1 342 369.34 | 0.23 |
| GBP	AVIVA ORD GBP0.25 | 41 287.00 | 215 648.32 | 0.04 |
| GBP	BAE SYSTEMS ORD GBP0.025 | 33 243.00 | 246 560.97 | 0.04 |
| GBP	BARRATT DEVEL ORD GBP0.10 | 10 971.00 | 94 625.51 | 0.02 |
| GBP	BRIT AMER TOBACCO ORD GBP0.25 | 24 350.00 | 963 799.79 | 0.16 |
| GBP	BRITISH LAND CO PLC REIT | 10 296.00 | 76 657.70 | 0.01 |
| GBP	BT GROUP ORD GBP0.05 | 88 318.00 | 218 836.87 | 0.04 |
| GBP	BUNZL ORD GBP0.32142857 | 3 462.00 | 95 070.00 | 0.02 |
| USD	COCA-COLA EUROPEAN ORD EUR0.01 | 3 286.00 | 165 811.56 | 0.03 |
| GBP	EVRAZ PLC ORD USD1 | 4 644.00 | 22 249.99 | 0.00 |
| GBP	HALMA ORD GBP0.10 | 3 640.00 | 99 157.64 | 0.02 |
| GBP	INFORMA PLC (GB) ORD GBP0.001 | 12 764.00 | 130 662.00 | 0.02 |
| GBP	ITV ORD GBP0.10 | 33 360.00 | 62 612.33 | 0.01 |
| GBP	JOHNSON MATTHEY ORD GBP1.109245 | 2 141.00 | 79 592.08 | 0.01 |
| GBP	KINGFISHER ORD GBP0.157142857 | 25 757.00 | 69 931.71 | 0.01 |
| GBP	LAND SECURITIES GP ORD GBP0.106666666 | 7 582.00 | 93 993.33 | 0.02 |
| GBP	LLOYDS BANKING GP ORD GBP0.1 | 760 596.00 | 601 612.61 | 0.10 |
| GBP	MARKS & SPENCER GP ORD GBP0.25 | 24 075.00 | 60 522.55 | 0.01 |
| GBP	MEGGITT ORD GBP0.05 | 9 041.00 | 75 195.85 | 0.01 |
| GBP	MELROSE INDUST PLC ORD GBP0.0685714 | 51 497.00 | 152 939.70 | 0.03 |
| GBP	NATIONAL GRID ORD GBP0.12431289 | 35 464.00 | 408 129.27 | 0.07 |
| GBP	OCADO GROUP PLC ORD GBP0.02 | 4 396.00 | 75 342.49 | 0.01 |
| GBP	RECKITT BENCK GRP ORD GBP0.10 | 7 507.00 | 589 027.07 | 0.10 |
| GBP	RELX PLC GBP0.1444 | 20 790.00 | 503 684.63 | 0.09 |
| GBP	RENTOKIL INITIAL ORD GBP0.01 | 20 022.00 | 115 222.24 | 0.02 |
| GBP	ROLLS-ROYCE HLDGS ORD GBP0.20 | 17 786.00 | 163 712.06 | 0.03 |
| GBP	SAGE GROUP GBP0.01051948 | 11 798.00 | 115 035.25 | 0.02 |
| GBP	SEVERN TRENT ORD GBP0.9789 | 2 679.00 | 77 726.38 | 0.01 |
| GBP	SMITHS GROUP ORD GBP0.375 | 4 305.00 | 92 493.08 | 0.02 |
| GBP	SPIRAX-SARCO ENG ORD GBP0.269230769 | 709.00 | 81 850.42 | 0.01 |
| GBP	SSE PLC ORD GBP0.50 | 10 957.00 | 184 247.43 | 0.03 |
| GBP	ST JAMES’S PLACE ORD GBP0.15 | 5 582.00 | 78 593.15 | 0.01 |
| EUR	UNILEVER EUR0.16 | 19 410.00 | 1 151 398.87 | 0.19 |
| GBP	UNITED UTILITIES G ORD GBP0.05 | 7 493.00 | 82 713.19 | 0.01 |
| GBP	WEIR GROUP ORD GBP0.125 | 3 176.00 | 57 329.32 | 0.01 |
| GBP	WHITBREAD ORD GBP0.76797385 | 1 553.00 | 92 425.14 | 0.02 |
| GBP	WPP PLC ORD GBP0.10 | 13 624.00 | 176 314.55 | 0.03 |
| Total Grossbritannien |  | 9 063 375.91 | 1.54 |
| Total Inhaberaktien |  | 71 308 305.57 | 12.08 |
| Partizipationsscheine |  |  |  |
| Schweiz |  |  |  |
| CHF	LINDT & SPRUENGLI PTG CERT CHF10 | 20.00 | 152 599.19 | 0.02 |
| CHF	SCHINDLER-HLDG AG PTG CERT CHF0.10(POST-SUBD) | 704.00 | 175 621.35 | 0.03 |
| Total Schweiz |  | 328 220.54 | 0.05 |
| Total Partizipationsscheine |  | 328 220.54 | 0.05 |
| Weitere Aktien |  |  |  |
| Schweiz |  |  |  |
| CHF	ROCHE HLDGS AG GENUSSCHEINE NPV | 12 972.00 | 4 000 570.77 | 0.68 |
| Total Schweiz |  | 4 000 570.77 | 0.68 |
| Total Weitere Aktien |  | 4 000 570.77 | 0.68 |
| Vorzugsaktien |  |  |  |
| Deutschland |  |  |  |
| EUR	BAYERISCHE MOTORENWERKE AG EUR1 | 728.00 | 44 950.80 | 0.01 |
| EUR	FUCHS PETROLUB SE NON-VTG PRF NPV | 762.00 | 32 935.10 | 0.00 |
| EUR	HENKEL AG&CO. KGAA NON-VTG PRF NPV | 2 443.00 | 258 267.33 | 0.04 |
| EUR	PORSCHE AUTO HL SE NON VTG PRF NPV | 2 038.00 | 150 960.09 | 0.03 |
| EUR	SARTORIUS AG NON VTG PRF NPV | 455.00 | 95 971.96 | 0.02 |
| EUR	VOLKSWAGEN AG NON VTG PRF NPV | 2 502.00 | 484 097.59 | 0.08 |
| Total Deutschland |  | 1 067 182.87 | 0.18 |
| Total Vorzugsaktien |  | 1 067 182.87 | 0.18 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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) |  |
| Namensaktien |  |  |  |
| Australien |  |  |  |
| AUD	BENDIGO & ADELAIDE NPV | 5 870.00 | 39 823.79 | 0.01 |
| AUD	BHP GROUP LTD NPV | 36 206.00 | 936 242.70 | 0.16 |
| GBP	BHP GROUP PLC ORD USD0.50 | 22 782.00 | 503 911.64 | 0.08 |
| AUD	COLES GROUP LTD NPV | 13 993.00 | 153 898.71 | 0.03 |
| Total Australien |  | 1 633 876.84 | 0.28 |
| Belgien |  |  |  |
| EUR	AGEAS NPV | 2 538.00 | 152 456.77 | 0.03 |
| EUR	KBC GROUP NV NPV | 3 507.00 | 255 751.36 | 0.04 |
| EUR	TELENET GRP HLDG NPV | 648.00 | 29 265.30 | 0.01 |
| EUR	UCB NPV | 1 743.00 | 141 369.95 | 0.02 |
| Total Belgien |  | 578 843.38 | 0.10 |
| Kanada |  |  |  |
| CAD	1ST QUANTUM MINLS COM NPV | 5 100.00 | 46 651.61 | 0.01 |
| CAD	AGNICO EAGLE MINES LTD COM | 2 038.00 | 121 090.88 | 0.02 |
| CAD	ALIMENTATION COUCHE TARD INC SUB VTG SH | 7 232.00 | 236 629.19 | 0.04 |
| CAD	BANK NOVA SCOTIA HALIFAX COM | 10 203.00 | 575 654.30 | 0.10 |
| CAD	BANK OF MONTREAL COM NPV | 5 338.00 | 410 803.96 | 0.07 |
| CAD	BARRICK GOLD CORP COM NPV | 14 887.00 | 248 593.01 | 0.04 |
| CAD	BCE INC COM NEW | 1 220.00 | 58 729.00 | 0.01 |
| CAD	BLACKBERRY LTD NPV | 3 767.00 | 20 788.34 | 0.00 |
| CAD	BROOKFIELD ASSET M LTD VTG SHS NPV CL’A’ | 7 586.00 | 438 911.42 | 0.07 |
| CAD	CAN PACIFIC RYS COM NPV | 1 192.00 | 282 301.86 | 0.05 |
| CAD	CANADIAN NAT RES LTD COM | 10 198.00 | 284 922.10 | 0.05 |
| CAD	CANADIAN NATL RY CO COM | 6 067.00 | 550 905.98 | 0.09 |
| CAD	CANADIAN TIRE LTD CL A | 456.00 | 53 130.48 | 0.01 |
| CAD	CCL INDUSTRIES INC ‘B’NON-VTG COM NPV | 1 100.00 | 47 047.62 | 0.01 |
| CAD	CDN IMPERIAL BK OF COMMERCE COM | 3 730.00 | 324 235.50 | 0.05 |
| CAD	CENOVUS ENERGY INC COM NPV | 9 319.00 | 82 367.82 | 0.01 |
| CAD	CGI INC COM NPV SUB VOTING SHARES C | 2 127.00 | 176 261.16 | 0.03 |
| CAD	CONSTELLATION SOFT COM STK NPV | 164.00 | 175 329.67 | 0.03 |
| CAD	CRONOS GROUP INC COM NPV | 1 300.00 | 8 837.94 | 0.00 |
| CAD	DOLLARAMA INC COM NPV | 2 400.00 | 87 796.73 | 0.01 |
| CAD	ENBRIDGE INC COM NPV | 17 429.00 | 660 025.37 | 0.11 |
| CAD	ENCANA CORP COM NPV | 13 095.00 | 51 364.54 | 0.01 |
| CAD	FAIRFAX FINL HLDGS LTD SUB VTG | 216.00 | 97 573.62 | 0.02 |
| CAD	FORTIS INC COM NPV | 3 650.00 | 143 004.71 | 0.02 |
| CAD	FRANCO NEVADA CORP COM NPV | 1 554.00 | 152 878.74 | 0.03 |
| CAD	GILDAN ACTIVEWEAR INC COM | 1 900.00 | 55 787.69 | 0.01 |
| CAD	GREAT WEST LIFECO INC COM | 2 349.00 | 59 156.07 | 0.01 |
| CAD	IA FINANCIAL CORP COM NPV | 800.00 | 40 956.15 | 0.01 |
| CAD	IMPERIAL OIL LTD COM NEW | 2 106.00 | 52 735.22 | 0.01 |
| CAD	INTACT FINL CORP COM NPV | 1 160.00 | 119 619.95 | 0.02 |
| CAD	INTER PIPELINE LTD COM NPV | 3 700.00 | 61 283.64 | 0.01 |
| CAD	LOBLAW COS LTD COM | 1 685.00 | 90 830.79 | 0.02 |
| CAD	MAGNA INTL INC COM NPV | 2 714.00 | 149 527.97 | 0.02 |
| CAD	MANULIFE FINL CORP COM | 16 369.00 | 322 019.18 | 0.05 |
| CAD	METRO INC CL A SUB | 2 224.00 | 97 415.64 | 0.02 |
| CAD	NATL BK OF CANADA COM NPV | 2 921.00 | 156 468.40 | 0.03 |
| CAD	NUTRIEN LTD NPV | 5 131.00 | 242 208.70 | 0.04 |
| CAD	OPEN TEXT CO COM NPV | 2 400.00 | 104 492.38 | 0.02 |
| CAD	PEMBINA PIPELINE C COM NPV | 4 300.00 | 150 147.94 | 0.03 |
| CAD	POWER CORP CDA COM | 2 774.00 | 67 332.02 | 0.01 |
| CAD	POWER FINANCIAL CORP COM | 2 626.00 | 64 214.18 | 0.01 |
| CAD	RESTAURANT BRANDS COM NPV | 2 000.00 | 131 405.99 | 0.02 |
| CAD	ROGERS COMMS INC CLASS’B’COM CAD1.62478 | 3 111.00 | 150 883.21 | 0.03 |
| CAD	ROYAL BK OF CANADA COM NPV | 12 152.00 | 994 757.73 | 0.17 |
| CAD	SAPUTO INC COM | 2 159.00 | 65 261.70 | 0.01 |
| CAD	SHAW COMMUNICATIONS INC CL B CONV | 3 543.00 | 73 220.67 | 0.01 |
| CAD	SHOPIFY INC COM NPV CL A | 800.00 | 268 292.87 | 0.05 |
| CAD	SUN LIFE FINL INC COM | 5 094.00 | 232 446.71 | 0.04 |
| CAD	SUNCOR ENERGY INC COM NPV ‘NEW’ | 13 658.00 | 426 012.38 | 0.07 |
| CAD	TC ENERGY CORPORAT COM NPV | 8 013.00 | 405 400.79 | 0.07 |
| CAD	TECK RESOURCES LTD CLASS’B’SUB-VTG COM NPV | 4 750.00 | 74 383.59 | 0.01 |
| CAD	THOMSON-REUTERS CP COM NPV(POST REV SPLIT) | 1 700.00 | 118 875.21 | 0.02 |
| CAD	TORONTO-DOMINION COM NPV | 15 517.00 | 894 746.49 | 0.15 |
| CAD	WESTON GEORGE LTD COM | 718.00 | 58 402.20 | 0.01 |
| CAD	WHEATON PRECIOUS M COM NPV | 4 007.00 | 110 111.42 | 0.02 |
| Total Kanada |  | 11 174 232.43 | 1.89 |
| Finnland |  |  |  |
| EUR	ELISA CORPORATION EUR0.50 | 2 024.00 | 108 257.94 | 0.02 |
| EUR	FORTUM OYJ EUR3.40 | 5 898.00 | 139 102.05 | 0.02 |
| EUR	NESTE OIL OYJ NPV | 5 833.00 | 197 317.37 | 0.03 |
| EUR	NOKIA OYJ NPV | 76 508.00 | 270 914.82 | 0.05 |
| EUR	NOKIAN RENKAAT OYJ NPV | 1 868.00 | 50 585.17 | 0.01 |
| EUR	ORION CORP SER’B’NPV | 1 529.00 | 66 592.08 | 0.01 |
| EUR	SAMPO OYJ SER’A’NPV | 6 061.00 | 245 260.91 | 0.04 |
| EUR	STORA ENSO OYJ NPV SER’R’ | 7 915.00 | 106 470.36 | 0.02 |
| EUR	UPM-KYMMENE CORP NPV | 6 895.00 | 230 505.59 | 0.04 |
| Total Finnland |  | 1 415 006.29 | 0.24 |
| Frankreich |  |  |  |
| EUR	BOLLORE EUR0.16 (RFD 01/01/2020) | 63.00 | 264.66 | 0.00 |
| EUR	GECINA EUR7.50 | 624.00 | 107 881.91 | 0.02 |
| EUR	MICHELIN (CGDE) EUR2 | 2 310.00 | 277 368.95 | 0.05 |
| Total Frankreich |  | 385 515.52 | 0.07 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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) |  |
| Deutschland |  |  |  |
| EUR	ADIDAS AG NPV (REGD) | 2 396.00 | 746 977.32 | 0.13 |
| EUR	ALLIANZ SE NPV(REGD)(VINKULIERT) | 5 680.00 | 1 361 212.62 | 0.23 |
| EUR	AXEL SPRINGER SE NPV (ASD 02/08/19 TRAVIATA) | 715.00 | 49 272.44 | 0.01 |
| EUR	BASF SE NPV | 12 238.00 | 920 534.67 | 0.16 |
| EUR	BAYER AG NPV (REGD) | 12 408.00 | 939 888.88 | 0.16 |
| EUR	BRENNTAG AG | 2 160.00 | 115 294.03 | 0.02 |
| EUR	DAIMLER AG ORD NPV(REGD) | 12 033.00 | 679 300.39 | 0.12 |
| EUR	DELIVERY HERO SE NPV | 1 466.00 | 77 587.76 | 0.01 |
| EUR	DEUTSCHE BANK AG NPV(REGD) | 27 155.00 | 195 934.58 | 0.03 |
| EUR	DEUTSCHE BOERSE AG NPV(REGD) | 2 593.00 | 398 121.57 | 0.07 |
| EUR	DEUTSCHE LUFTHANSA ORD NPV (REGD)(VINK) | 3 049.00 | 57 890.67 | 0.01 |
| EUR	DEUTSCHE POST AG NPV(REGD) | 13 452.00 | 501 920.81 | 0.08 |
| EUR	DEUTSCHE TELEKOM NPV(REGD) | 44 371.00 | 745 397.91 | 0.13 |
| EUR	E.ON SE NPV | 30 128.00 | 315 515.33 | 0.05 |
| EUR	EVONIK INDUSTRIES NPV | 2 443.00 | 70 950.79 | 0.01 |
| EUR	HANNOVER RUECKVERS ORD NPV(REGD) | 711.00 | 132 095.34 | 0.02 |
| EUR	INFINEON TECHNOLOG AG NPV (REGD) | 17 038.00 | 364 224.88 | 0.06 |
| EUR	MTU AERO ENGINES H NPV (REGD) | 680.00 | 184 367.95 | 0.03 |
| EUR	MUENCHENER RUECKVE NPV(REGD) | 1 964.00 | 564 330.97 | 0.10 |
| EUR	SIEMENS AG NPV(REGD) | 10 192.00 | 1 316 159.33 | 0.22 |
| EUR	SIEMENS HEALTHINEE NPV | 2 208.00 | 107 168.49 | 0.02 |
| EUR	TELEFONICA DEUTSCH NPV | 14 536.00 | 44 411.91 | 0.01 |
| GBP	TUI AG NPV (REGD) | 5 415.00 | 74 490.76 | 0.01 |
| EUR	UNIPER SE NPV | 2 447.00 | 79 053.22 | 0.01 |
| EUR	UNITED INTERNET AG NPV(REGD) | 1 679.00 | 56 926.41 | 0.01 |
| EUR	VONOVIA SE NPV | 6 733.00 | 351 071.78 | 0.06 |
| Total Deutschland |  | 10 450 100.81 | 1.77 |
| Irland |  |  |  |  |
| EUR | CRH ORD EUR0.32 | 10 490.00 | 401 696.70 | 0.07 |
| GBP | EXPERIAN ORD USD0.10 | 9 805.00 | 325 059.33 | 0.05 |
| EUR | KINGSPAN GROUP ORD EUR0.13(DUBLIN LISTING) | 1 661.00 | 89 593.00 | 0.02 |
| EUR | SMURFIT KAPPA GRP ORD EUR0.001 | 2 490.00 | 88 404.26 | 0.01 |
| Total Irland |  | 904 753.29 | 0.15 |
| Isle of Man |  |  |  |
| GBP	GVC HLDGS PLC ORD EUR0.01 | 6 983.00 | 76 920.86 | 0.01 |
| Total Isle of Man |  | 76 920.86 | 0.01 |
| Italien |  |  |  |
| EUR	ATLANTIA SPA EUR1 | 6 356.00 | 141 003.49 | 0.02 |
| EUR	DAVIDE DE CAMPARI EUR0.05 (POST SUBD) | 6 932.00 | 63 324.10 | 0.01 |
| EUR	ENEL EUR1 | 107 133.00 | 809 863.95 | 0.14 |
| EUR	ENI SPA EUR1 | 33 998.00 | 514 085.67 | 0.09 |
| EUR	FERRARI NV EUR0.01(NEW) | 1 643.00 | 277 895.11 | 0.05 |
| EUR	INTESA SANPAOLO NPV | 195 496.00 | 495 881.73 | 0.08 |
| EUR	MEDIOBANCA SPA EUR0.5 | 8 021.00 | 89 766.14 | 0.02 |
| EUR	MONCLER SPA NPV | 2 545.00 | 111 599.27 | 0.02 |
| EUR	PIRELLI & C SPA NPV | 5 372.00 | 30 504.31 | 0.01 |
| EUR	PRYSMIAN SPA EUR0.10 | 3 081.00 | 70 286.22 | 0.01 |
| EUR	RECORDATI EUR0.125 | 1 455.00 | 61 075.05 | 0.01 |
| EUR	SNAM EUR1 | 28 992.00 | 144 233.21 | 0.02 |
| EUR	TERNA SPA ORD EUR0.22 | 19 228.00 | 123 600.62 | 0.02 |
| EUR	UNICREDIT SPA NPV (POST REV SPLIT) | 27 296.00 | 378 073.11 | 0.06 |
| Total Italien |  | 3 311 191.98 | 0.56 |
| Japan |  |  |  |
| JPY	ABC-MART INC NPV | 300.00 | 19 970.78 | 0.00 |
| JPY	AEON CO LTD NPV | 4 600.00 | 93 797.83 | 0.02 |
| JPY	AEON MALL CO LTD NPV | 1 300.00 | 20 881.20 | 0.00 |
| JPY	AGC INC NPV | 1 300.00 | 47 424.89 | 0.01 |
| JPY	AJINOMOTO CO INC NPV | 2 700.00 | 44 971.24 | 0.01 |
| JPY	ALFRESA HOLDINGS NPV | 1 300.00 | 26 840.47 | 0.00 |
| JPY	ALPS ALPINE CO LTD NPV | 1 500.00 | 33 846.22 | 0.01 |
| JPY	ANA HOLDINGS INC NPV | 1 000.00 | 34 033.42 | 0.01 |
| JPY	ASAHI GROUP HLDGS NPV | 2 500.00 | 120 217.33 | 0.02 |
| JPY	ASAHI KASEI CORP NPV | 9 000.00 | 101 045.57 | 0.02 |
| JPY	ASTELLAS PHARMA NPV | 13 100.00 | 223 397.41 | 0.04 |
| JPY	BRIDGESTONE CORP NPV | 3 800.00 | 151 812.61 | 0.03 |
| JPY	BROTHER INDUSTRIES NPV | 1 900.00 | 37 649.53 | 0.01 |
| JPY	CANON INC NPV | 6 900.00 | 190 914.07 | 0.03 |
| JPY	CASIO COMPUTER CO NPV | 1 300.00 | 24 774.91 | 0.00 |
| JPY	CHUBU ELEC POWER NPV | 4 800.00 | 66 887.04 | 0.01 |
| JPY	CHUGOKU ELEC POWER NPV | 1 700.00 | 22 462.79 | 0.00 |
| JPY	DAI NIPPON PRINTNG NPV | 1 800.00 | 48 110.67 | 0.01 |
| JPY	DAIWA SECS GROUP NPV | 11 400.00 | 57 775.55 | 0.01 |
| JPY	DENSO CORP NPV | 2 900.00 | 129 442.06 | 0.02 |
| JPY	EAST JAPAN RAILWAY NPV | 2 100.00 | 193 105.65 | 0.03 |
| JPY	ELEC POWER DEV NPV | 1 200.00 | 28 764.50 | 0.01 |
| JPY	FAMILYMART CO LTD NPV | 1 600.00 | 37 753.63 | 0.01 |
| JPY	FUJI FILM HLD CORP NPV | 2 700.00 | 127 517.12 | 0.02 |
| JPY	FUJITSU NPV | 1 400.00 | 127 215.78 | 0.02 |
| JPY	HAKUHODO DY HLDGS NPV | 1 400.00 | 22 615.29 | 0.00 |
| JPY	HAMAMATSU PHOTONIC NPV | 1 000.00 | 40 498.58 | 0.01 |
| JPY	HINO MOTORS NPV | 1 400.00 | 13 691.90 | 0.00 |
| JPY	HITACHI CONST MACH NPV | 1 000.00 | 26 353.76 | 0.00 |
| JPY	HITACHI METALS NPV | 1 600.00 | 22 383.34 | 0.00 |
| JPY	HITACHI NPV | 6 400.00 | 251 301.25 | 0.04 |
| JPY	HONDA MOTOR CO NPV | 11 100.00 | 310 872.98 | 0.05 |
| JPY	HOYA CORP NPV | 2 600.00 | 237 183.82 | 0.04 |
| JPY	IIDA GROUP HOLDING NPV | 1 000.00 | 17 760.93 | 0.00 |
| JPY	INPEX CORPORATION NPV | 6 400.00 | 62 474.66 | 0.01 |
| JPY	ITOCHU CORP NPV | 9 200.00 | 200 617.29 | 0.03 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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) |  |
|  |  |  |  |  |
| JPY | JAPAN AIRLINES CO NPV | 900.00 | 27 959.09 | 0.00 |
| JPY | JAPAN POST BANK CO NPV | 3 200.00 | 30 974.34 | 0.01 |
| JPY | JAPAN POST HOLD CO NPV | 10 200.00 | 95 843.30 | 0.02 |
| JPY | JAPAN PRIME REALTY INVESTMENT CORP | 5.00 | 22 760.48 | 0.00 |
| JPY | JAPAN RETAIL FUND INVESTMENT CORP | 19.00 | 43 253.58 | 0.01 |
| JPY | JAPAN TOBACCO INC NPV | 8 200.00 | 186 785.68 | 0.03 |
| JPY | JFE HOLDINGS INC NPV | 3 200.00 | 40 763.40 | 0.01 |
| JPY | JXTG HOLDINGS INC NPV | 22 600.00 | 100 421.51 | 0.02 |
| JPY | KDDI CORP NPV | 12 100.00 | 346 834.99 | 0.06 |
| JPY | KEYENCE CORP NPV | 1 200.00 | 410 263.90 | 0.07 |
| JPY | KONAMI HOLDINGS CORP NPV | 500.00 | 22 007.12 | 0.00 |
| JPY | KONICA MINOLTA INC NPV | 3 900.00 | 25 534.65 | 0.00 |
| JPY | KUBOTA CORP NPV | 7 000.00 | 107 930.78 | 0.02 |
| JPY | KYOCERA CORP NPV | 2 300.00 | 156 406.72 | 0.03 |
| JPY | KYOWA KIRIN CO LTD NPV | 1 400.00 | 29 697.74 | 0.01 |
| JPY | LAWSON INC NPV | 200.00 | 10 884.85 | 0.00 |
| JPY | LIXIL GROUP CORP COM NPV | 1 800.00 | 30 408.18 | 0.01 |
| JPY | MARUBENI CORP NPV | 9 700.00 | 71 587.43 | 0.01 |
| JPY | MAZDA MOTOR CORP NPV | 4 500.00 | 39 859.37 | 0.01 |
| JPY | MEDIPAL HOLDINGS CORP NPV | 1 100.00 | 23 585.06 | 0.00 |
| JPY | MERCARI INC NPV | 500.00 | 11 021.82 | 0.00 |
| JPY | MITSUBISHI CHEM HL NPV | 8 900.00 | 65 967.77 | 0.01 |
| JPY | MITSUBISHI CORP NPV | 9 300.00 | 243 391.47 | 0.04 |
| JPY | MITSUBISHI ELEC CP NPV | 12 600.00 | 173 910.14 | 0.03 |
| JPY | MITSUBISHI ESTATE NPV | 8 200.00 | 150 244.73 | 0.03 |
| JPY | MITSUBISHI HVY IND NPV | 2 000.00 | 76 486.17 | 0.01 |
| JPY | MITSUBISHI MATERLS NPV | 600.00 | 16 020.45 | 0.00 |
| JPY | MITSUBISHI TANABE PHARMA CORP NPV | 1 300.00 | 23 777.74 | 0.00 |
| JPY | MITSUBISHI UFJ FIN NPV | 81 900.00 | 432 347.64 | 0.07 |
| JPY | MITSUI & CO NPV | 11 700.00 | 207 215.32 | 0.04 |
| JPY | MITSUI O.S.K.LINES NPV | 900.00 | 23 586.89 | 0.00 |
| JPY | MIZUHO FINL GP NPV | 172 700.00 | 266 832.62 | 0.05 |
| JPY | MS&AD INSURANCE GROUP HOLDINGS INC NPV | 3 300.00 | 106 705.32 | 0.02 |
| JPY | MURATA MFG CO NPV | 4 000.00 | 231 723.13 | 0.04 |
| JPY | NEC CORP NPV | 2 000.00 | 79 901.38 | 0.01 |
| JPY | NEXON CO LTD NPV | 3 500.00 | 47 717.10 | 0.01 |
| JPY | NGK INSULATORS NPV | 1 300.00 | 21 427.27 | 0.00 |
| JPY | NGK SPARK PLUG CO NPV | 1 000.00 | 20 007.31 | 0.00 |
| JPY | NIKON CORP NPV | 2 200.00 | 30 154.32 | 0.01 |
| JPY | NINTENDO CO LTD NPV | 800.00 | 309 378.13 | 0.05 |
| JPY | NIPPON PROLOGIS RE REIT | 17.00 | 45 593.10 | 0.01 |
| JPY | NIPPON TEL&TEL CP NPV | 4 500.00 | 227 116.24 | 0.04 |
| JPY | NIPPON YUSEN KK NPV | 800.00 | 13 726.60 | 0.00 |
| JPY | NISSAN MOTOR CO NPV | 16 900.00 | 104 755.00 | 0.02 |
| JPY | NOMURA HOLDINGS NPV | 21 700.00 | 111 105.74 | 0.02 |
| JPY | NOMURA REAL EST MA REIT | 26.00 | 47 436.76 | 0.01 |
| JPY | NOMURA RESEARCH IN NPV | 2 600.00 | 54 820.56 | 0.01 |
| JPY | NTT DATA CORP NPV | 3 900.00 | 53 134.87 | 0.01 |
| JPY | NTT DOCOMO NPV | 9 100.00 | 249 541.59 | 0.04 |
| JPY | OMRON CORP NPV | 1 300.00 | 76 330.93 | 0.01 |
| JPY | ORIX CORP NPV | 9 300.00 | 152 225.82 | 0.03 |
| JPY | OSAKA GAS CO NPV | 3 000.00 | 56 214.04 | 0.01 |
| JPY | OTSUKA CORP NPV | 700.00 | 28 029.40 | 0.01 |
| JPY | OTSUKA HLDGS CO NPV | 2 600.00 | 113 344.90 | 0.02 |
| JPY | PANASONIC CORP NPV | 15 400.00 | 145 126.47 | 0.02 |
| JPY | PARK 24 CO LTD NPV | 1 000.00 | 24 153.05 | 0.00 |
| JPY | RENESAS ELECTRONIC NPV | 6 600.00 | 42 971.42 | 0.01 |
| JPY | RESONA HOLDINGS NPV | 16 300.00 | 69 078.90 | 0.01 |
| JPY | RICOH CO NPV | 4 300.00 | 44 252.58 | 0.01 |
| JPY | ROHM CO LTD NPV | 700.00 | 58 807.41 | 0.01 |
| JPY | SANTEN PHARM CO NPV | 2 600.00 | 48 671.35 | 0.01 |
| JPY | SEGA SAMMY HLDGS I NPV | 1 300.00 | 18 744.41 | 0.00 |
| JPY | SEIKO EPSON CORP NPV | 1 900.00 | 28 905.12 | 0.01 |
| JPY | SEKISUI CHEMICAL NPV | 2 300.00 | 40 010.04 | 0.01 |
| JPY | SEVEN & I HOLDINGS NPV | 5 600.00 | 208 536.21 | 0.04 |
| JPY | SG HOLDINGS CO LTD NPV | 900.00 | 21 581.59 | 0.00 |
| JPY | SHIMADZU CORP NPV | 1 400.00 | 42 124.01 | 0.01 |
| JPY | SHIMAMURA CO NPV | 100.00 | 8 017.53 | 0.00 |
| JPY | SOFTBANK CORP NPV | 11 500.00 | 156 049.67 | 0.03 |
| JPY | SOFTBANK GROUP CO NPV | 11 300.00 | 438 853.98 | 0.07 |
| JPY | SOHGO SECURITY SER NPV | 400.00 | 20 783.49 | 0.00 |
| JPY | SOMPO HOLDINGS INC NPV | 2 400.00 | 94 588.62 | 0.02 |
| JPY | SONY CORP NPV | 8 700.00 | 548 486.89 | 0.09 |
| JPY | SUBARU CORPORATION NPV | 4 300.00 | 112 555.47 | 0.02 |
| JPY | SUMCO CORPORATION NPV | 1 300.00 | 20 073.97 | 0.00 |
| JPY | SUMITOMO CHEM CO NPV | 9 000.00 | 40 599.03 | 0.01 |
| JPY | SUMITOMO CORP NPV | 8 100.00 | 121 969.68 | 0.02 |
| JPY | SUMITOMO DAINIPPON PHARMA CO LTD | 1 100.00 | 20 762.49 | 0.00 |
| JPY | SUMITOMO ELECTRIC NPV | 4 600.00 | 68 636.65 | 0.01 |
| JPY | SUMITOMO MITSUI FG NPV | 9 500.00 | 346 046.02 | 0.06 |
| JPY | SUMITOMO MITSUI TR NPV | 2 600.00 | 99 408.27 | 0.02 |
| JPY | SUMITOMO RLTY&DEV NPV | 2 700.00 | 94 035.25 | 0.02 |
| JPY | TAKEDA PHARMACEUTI NPV | 10 209.00 | 415 314.53 | 0.07 |
| JPY | TDK CORP NPV | 1 000.00 | 105 104.56 | 0.02 |
| JPY | TOKIO MARINE HLDG NPV | 4 400.00 | 239 145.28 | 0.04 |
| JPY | TOKYO ELEC POWER H NPV | 11 900.00 | 52 159.62 | 0.01 |
| JPY | TOKYO ELECTRON NPV | 1 100.00 | 227 011.23 | 0.04 |
| JPY | TOKYU FUDOSAN HLDG NPV | 2 600.00 | 17 830.34 | 0.00 |
| JPY | TOPPAN PRINTING CO NPV | 1 800.00 | 35 783.03 | 0.01 |
| JPY | TOSHIBA CORP NPV | 3 700.00 | 132 782.39 | 0.02 |
| JPY | TOYO SEIKAN GROUP NPV | 1 500.00 | 26 120.90 | 0.00 |
| JPY | TOYOTA MOTOR CORP NPV | 15 600.00 | 1 088 054.05 | 0.18 |
| JPY | TREND MICRO INC NPV | 900.00 | 48 570.91 | 0.01 |
| JPY | UNICHARM CORP NPV | 2 900.00 | 94 936.53 | 0.02 |
| JPY | UNITED URBAN INVESTMENT CORP | 25.00 | 48 625.70 | 0.01 |
| JPY | WEST JAPAN RAILWAY NPV | 1 200.00 | 105 601.31 | 0.02 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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) |  |
|  |  |  |  |  |
| JPY | YAMADA DENKI CO NPV | 3 100.00 | 15 456.12 | 0.00 |
| JPY | YAMAHA MOTOR CO NPV | 1 700.00 | 35 502.69 | 0.01 |
| JPY | YAMAZAKI BAKING CO NPV | 600.00 | 10 996.26 | 0.00 |
| JPY | YASKAWA ELEC CORP NPV | 1 600.00 | 58 734.36 | 0.01 |
| JPY | YOKOGAWA ELECTRIC NPV | 1 300.00 | 23 777.74 | 0.00 |
| JPY | YOKOHAMA RUBBER CO NPV | 700.00 | 14 414.21 | 0.00 |
| JPY | Z HOLDINGS CORP NPV | 19 200.00 | 66 098.07 | 0.01 |
| Total Japan |  | 14 757 169.91 | 2.50 |
| Luxemburg |  |  |  |
| EUR	ARCELORMITTAL NPV(POST STOCK SPLIT) | 9 074.00 | 155 357.52 | 0.03 |
| EUR	TENARIS S.A. USD1 | 5 675.00 | 60 395.03 | 0.01 |
| Total Luxemburg |  | 215 752.55 | 0.04 |
| Niederlande |  |  |  |
| EUR	ADYEN NV EUR0.01 | 134.00 | 102 862.44 | 0.02 |
| EUR	AEGON NV EUR0.12 | 26 403.00 | 119 126.09 | 0.02 |
| EUR	ASML HOLDING NV EUR0.09 | 5 666.00 | 1 543 090.91 | 0.26 |
| EUR	CNH INDUSTRIAL NV COM EUR0.01 | 13 636.00 | 146 261.00 | 0.02 |
| EUR	FIAT CHRYSLER AUTO EUR0.01 | 15 100.00 | 223 433.07 | 0.04 |
| EUR	KONINKLIJKE DSM NV EUR1.5 | 2 485.00 | 318 657.46 | 0.05 |
| EUR	NN GROUP N.V. EUR0.12 | 4 325.00 | 166 143.08 | 0.03 |
| EUR	PROSUS N.V. EUR0.05 | 6 562.00 | 447 645.61 | 0.08 |
| GBP	ROYAL DUTCH SHELL PLC ‘A’SHS EUR0.07 | 45 754.00 | 1 308 531.69 | 0.22 |
| Total Niederlande |  | 4 375 751.35 | 0.74 |
| Portugal |  |  |  |
| EUR	EDP ENERGIAS PORTU EUR1(REGD) | 34 838.00 | 140 973.43 | 0.02 |
| EUR	GALP ENERGIA EUR1-B | 6 889.00 | 112 228.12 | 0.02 |
| EUR	JERONIMO MARTINS EUR5 | 3 900.00 | 62 330.54 | 0.01 |
| Total Portugal |  | 315 532.09 | 0.05 |
| Südafrika |  |  |  |
| GBP	MONDI ORD EUR0.20 | 5 342.00 | 115 774.99 | 0.02 |
| Total Südafrika |  | 115 774.99 | 0.02 |
| Spanien |  |  |  |
| EUR	BANCO SANTANDER SA EUR0.50(REGD) | 224 879.00 | 877 004.75 | 0.15 |
| EUR	BANKINTER SA EUR0.3(REGD) | 9 014.00 | 63 091.73 | 0.01 |
| EUR	BBVA(BILB-VIZ-ARG) EUR0.49 | 87 503.00 | 461 322.98 | 0.08 |
| EUR	MAPFRE SA EUR0.10 | 17 833.00 | 50 316.77 | 0.01 |
| Total Spanien |  | 1 451 736.23 | 0.25 |
| Schweiz |  |  |  |
| CHF	ABB LTD CHF0.12 (REGD) | 34 484.00 | 754 655.61 | 0.13 |
| CHF	ADECCO GROUP AG CHF0.1 (REGD) | 3 003.00 | 185 766.21 | 0.03 |
| CHF	ALCON AG CHF0.04 | 7 736.00 | 427 382.36 | 0.07 |
| CHF	BALOISE-HLDGS CHF0.1(REGD) | 913.00 | 158 782.61 | 0.03 |
| CHF	BARRY CALLEBAUT AG CHF0.02 (REGD) | 39.00 | 78 440.99 | 0.01 |
| CHF	CLARIANT CHF4.00(REGD) | 3 440.00 | 71 116.63 | 0.01 |
| GBP	COCA-COLA HBC AG ORD CHF6.70 | 1 775.00 | 59 212.87 | 0.01 |
| CHF	CREDIT SUISSE GRP CHF0.04(REGD) | 47 171.00 | 618 578.04 | 0.10 |
| CHF	DUFRY AG CHF5 (REGD) | 805.00 | 78 602.99 | 0.01 |
| CHF	EMS-CHEMIE HLDG AG CHF0.01(REGD)(POST RECON) | 135.00 | 83 821.98 | 0.01 |
| CHF	GEBERIT CHF0.10(REGD) | 664.00 | 356 667.03 | 0.06 |
| CHF	GIVAUDAN AG CHF10 | 170.00 | 499 954.97 | 0.08 |
| CHF	JULIUS BAER GRUPPE CHF0.02 (REGD) | 4 201.00 | 197 911.73 | 0.03 |
| CHF	KUEHNE&NAGEL INTL CHF1(REGD)(POST-SUBD) | 1 035.00 | 168 400.46 | 0.03 |
| CHF	LAFARGEHOLCIM LTD CHF2 (REGD) | 8 968.00 | 462 690.83 | 0.08 |
| CHF	LINDT & SPRUENGLI CHF100(REGD) | 2.00 | 170 710.96 | 0.03 |
| CHF	LONZA GROUP AG CHF1(REGD) | 1 373.00 | 466 574.07 | 0.08 |
| CHF	NESTLE SA CHF0.10(REGD) | 55 901.00 | 5 813 010.38 | 0.99 |
| CHF	NOVARTIS AG CHF0.50(REGD) | 39 673.00 | 3 654 671.92 | 0.62 |
| CHF	PARTNERS GROUP HLG CHF0.01 (REGD) | 330.00 | 278 436.98 | 0.05 |
| CHF	RICHEMONT(CIE FIN) CHF1.00 (REG) SER ‘A’ | 9 783.00 | 745 557.89 | 0.13 |
| CHF	SCHINDLER-HLDG AG CHF0.1(REGD)(POST-SUBD) | 365.00 | 87 364.79 | 0.02 |
| CHF	SGS LTD CHF1(REGD) | 95.00 | 247 350.78 | 0.04 |
| CHF	SIKA AG CHF0.01 (REG) | 2 347.00 | 408 761.04 | 0.07 |
| CHF	SONOVA HOLDING AG CHF0.05 (REGD) | 1 033.00 | 235 987.29 | 0.04 |
| CHF	STRAUMANN HLDG CHF0.1(REGD) | 191.00 | 183 861.51 | 0.03 |
| CHF	SWATCH GROUP CHF0.45(REGD) | 906.00 | 48 321.21 | 0.01 |
| CHF	SWISS LIFE HLDG CHF5.1(REGD) | 603.00 | 299 161.86 | 0.05 |
| CHF	SWISS PRIME SITE CHF15.3 (REGD) | 1 496.00 | 158 080.35 | 0.03 |
| CHF	SWISSCOM AG CHF1(REGD) | 476.00 | 246 537.85 | 0.04 |
| CHF	TEMENOS AG CHF5 (REGD) | 1 203.00 | 182 613.80 | 0.03 |
| CHF	UBS GROUP CHF0.10 (REGD) | 70 463.00 | 854 567.03 | 0.15 |
| CHF	ZURICH INSURANCE GRP CHF0.10 | 2 803.00 | 1 100 332.12 | 0.19 |
| Total Schweiz |  | 19 383 887.14 | 3.29 |
| Vereinigte Arabische Emirate |  |  |  |
| GBP	NMC HEALTH PLC ORD GBP0.1 | 997.00 | 32 356.55 | 0.01 |
| Total Vereinigte Arabische Emirate |  | 32 356.55 | 0.01 |
| Grossbritannien |  |  |  |
| GBP	ADMIRAL GROUP ORD GBP0.001 | 1 725.00 | 47 749.55 | 0.01 |
| GBP	ANGLO AMERICAN USD0.54945 | 11 345.00 | 297 383.97 | 0.05 |
| GBP	ANTOFAGASTA ORD GBP0.05 | 5 172.00 | 58 069.04 | 0.01 |
| GBP	ASHTEAD GROUP ORD GBP0.10 | 4 957.00 | 150 679.17 | 0.03 |
| GBP	ASSOCD BRIT FOODS ORD GBP0.0568 | 3 670.00 | 121 954.16 | 0.02 |
| GBP	AUTO TRADER GROUP ORD GBP0.01 | 10 712.00 | 77 870.56 | 0.01 |
| GBP	BARCLAYS ORD GBP0.25 | 177 347.00 | 393 509.92 | 0.07 |
| GBP	BERKELEY GP HLDGS ORD GBP0.05 | 1 404.00 | 83 285.15 | 0.01 |
| GBP	BP ORD USD0.25 | 215 735.00 | 1 340 013.57 | 0.23 |
| GBP	BURBERRY GROUP ORD GBP0.0005 | 4 283.00 | 116 562.87 | 0.02 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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) |  |
|  |  |  |  |  |
| GBP | CARNIVAL PLC ORD USD1.66 | 1 510.00 | 63 537.11 | 0.01 |
| GBP | CENTRICA ORD GBP0.061728395 | 63 874.00 | 66 278.58 | 0.01 |
| GBP | COMPASS GROUP ORD GBP0.1105 | 16 883.00 | 413 723.96 | 0.07 |
| GBP | CRODA INTL ORD GBP0.10609756 | 1 341.00 | 86 382.26 | 0.02 |
| GBP | DIAGEO ORD GBP0.28 101/108 | 25 172.00 | 1 030 523.43 | 0.18 |
| GBP | DIRECT LINE INSURA ORD GBP 0.109090909 | 14 796.00 | 58 449.36 | 0.01 |
| GBP | EASYJET ORD GBP0.27285714 | 1 286.00 | 22 256.84 | 0.00 |
| GBP | FERGUSON PLC (NEW) ORD GBP0.10 | 2 491.00 | 216 590.13 | 0.04 |
| GBP | G4S ORD GBP0.25 | 13 849.00 | 37 457.51 | 0.01 |
| GBP | GLAXOSMITHKLINE ORD GBP0.25 | 52 991.00 | 1 202 259.28 | 0.20 |
| GBP | HARGREAVES LANSDOW ORD GBP0.004 (WI) | 3 115.00 | 74 742.63 | 0.01 |
| GBP | HSBC HLDGS ORD USD0.50(UK REG) | 214 123.00 | 1 596 167.16 | 0.27 |
| GBP | IMPERIAL BRANDS PL GBP0.10 | 9 872.00 | 217 488.96 | 0.04 |
| GBP | INTERCONTL HOTELS ORD GBP0.208521303 | 1 699.00 | 110 036.66 | 0.02 |
| GBP | INTERTEK GROUP ORD GBP0.01 | 1 636.00 | 116 727.72 | 0.02 |
| GBP | LEGAL & GENERAL GP ORD GBP0.025 | 62 827.00 | 228 278.23 | 0.04 |
| GBP | LONDON STOCK EXCH ORD GBP0.06918604 | 3 322.00 | 295 290.32 | 0.05 |
| GBP | M&G PLC ORD GBP0.05 | 26 919.00 | 82 174.55 | 0.01 |
| GBP | MICRO FOCUS INTL ORD GBP0.10 | 3 953.00 | 57 922.39 | 0.01 |
| GBP | MORRISON(W)SUPRMKT ORD GBP0.10 | 24 088.00 | 61 785.97 | 0.01 |
| GBP | NEXT ORD GBP0.10 | 1 433.00 | 125 265.31 | 0.02 |
| GBP | PEARSON ORD GBP0.25 | 8 268.00 | 69 151.66 | 0.01 |
| GBP | PERSIMMON ORD GBP0.10 | 3 282.00 | 108 593.93 | 0.02 |
| GBP | PRUDENTIAL ORD GBP0.05 | 26 919.00 | 479 293.54 | 0.08 |
| GBP | RIO TINTO ORD GBP0.10 | 12 159.00 | 660 797.91 | 0.11 |
| GBP | ROYAL BK SCOT GRP ORD GBP1 (POST CONS) | 49 597.00 | 145 115.71 | 0.02 |
| GBP | RSA INSURANCE GRP ORD GBP1.00 | 10 618.00 | 75 731.39 | 0.01 |
| GBP | SAINSBURY(J) ORD GBP0.28571428 | 15 333.00 | 42 502.62 | 0.01 |
| GBP | SCHRODERS VTG SHS GBP1 | 1 158.00 | 49 414.83 | 0.01 |
| GBP | SMITH & NEPHEW ORD USD0.20 | 8 945.00 | 200 282.89 | 0.03 |
| GBP | STANDARD CHARTERED ORD USD0.50 | 29 174.00 | 263 174.84 | 0.04 |
| GBP | STD LIFE ABERDEEN ORD GBP0.1396825396 | 25 301.00 | 103 711.37 | 0.02 |
| GBP | TAYLOR WIMPEY ORD GBP0.01 | 37 617.00 | 84 785.85 | 0.01 |
| GBP | TESCO ORD GBP0.05 | 102 236.00 | 303 363.75 | 0.05 |
| GBP | UNILEVER PLC ORD GBP0.031111 | 11 704.00 | 693 069.10 | 0.12 |
| GBP | VODAFONE GROUP ORD USD0.2095238(POST CONS) | 283 954.00 | 563 282.84 | 0.10 |
| Total Grossbritannien |  | 12 692 688.55 | 2.15 |
| Vereinigte Staaten |  |  |  |
| CAD	BAUSCH HEALTH COMP COM NPV | 2 800.00 | 79 093.54 | 0.01 |
| Total Vereinigte Staaten |  | 79 093.54 | 0.01 |
| Total Namensaktien |  | 83 350 184.30 | 14.13 |
| Depository Receipts |  |  |  |
| Irland |  |  |  |
| AUD	JAMES HARDIE ID PLC CUFS EUR0.5 | 6 033.00 | 118 177.69 | 0.02 |
| Total Irland |  | 118 177.69 | 0.02 |
| Luxemburg |  |  |  |
| EUR	SES S.A. FDR EACH REP 1 ‘A’ NPV | 5 207.00 | 69 153.22 | 0.01 |
| Total Luxemburg |  | 69 153.22 | 0.01 |
| Niederlande |  |  |  |
| EUR	ABN AMRO BANK N.V. DR EACH REP SHS | 5 629.00 | 96 139.23 | 0.02 |
| Total Niederlande |  | 96 139.23 | 0.02 |
| Total Depository Receipts |  | 283 470.14 | 0.05 |
| Zertifikate auf Anlagefonds |  |  |  |
| Irland |  |  |  |
| USD	STAR COMPASS PLC/UBS DYNMC DIVERSIFIED LTD NOTE DUE 31.03.21	8 550 000.00 | 12 136 725.00 | 2.06 |
| Total Irland | 12 136 725.00 | 2.06 |
| Total Zertifikate auf Anlagefonds | 12 136 725.00 | 2.06 |

Investment Fonds, closed end
| Kanada |  |
| --- | --- |
| CAD | RIOCAN REAL ESTATE INVESTMENT TRUST | 1 429.00 | 29 198.61 | 0.01 |
| Total Kanada |  | 29 198.61 | 0.01 |
| Grossbritannien |  |  |  |
| GBP	SEGRO PLC REIT | 12 609.00 | 145 809.09 | 0.02 |
| Total Grossbritannien |  | 145 809.09 | 0.02 |
| Total Investment Fonds, closed end |  | 175 007.70 | 0.03 |
| Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	3M CO 2.25000% 16-19.09.26 | 350 000.00 | 351 847.79 | 0.06 |
| USD	ABU DHABI,GOVERNMENT OF-REG-S 3.12500% 17-11.10.27 | 1 900 000.00 | 1 987 875.00 | 0.34 |
| USD	ALBERTA, PROVINCE OF 3.30000% 18-15.03.28 | 900 000.00 | 983 344.05 | 0.17 |
| USD	ALPHABET INC 1.99800% 16-15.08.26 | 1 025 000.00 | 1 021 963.26 | 0.17 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 700 000.00 | 727 063.75 | 0.12 |
| USD	APPLE INC 2.00000% 15-06.05.20 | 1 525 000.00 | 1 526 001.46 | 0.26 |
| USD	APPLE INC 2.40000% 13-03.05.23 | 1 350 000.00 | 1 370 588.31 | 0.23 |
| USD	APPLE INC 2.45000% 16-04.08.26 | 600 000.00 | 609 302.88 | 0.10 |
| USD	APPLE INC 2.85000% 16-23.02.23 | 750 000.00 | 769 911.15 | 0.13 |
| USD	APPLE INC 3.20000% 17-11.05.27 | 775 000.00 | 822 192.08 | 0.14 |
| USD	APPLE INC 3.25000% 16-23.02.26 | 2 425 000.00 | 2 574 207.82 | 0.44 |
| USD	ASIAN DEVELOPMENT BANK 2.62500% 19-30.01.24 | 525 000.00 | 544 290.91 | 0.09 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (USD)
Halbjahresbericht per 30. November 2019
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| USD | BANK OF NOVA SCOTIA 2.00000% 19-15.11.22 | 330 000.00 | 329 566.93 | 0.06 |
| USD | BAYER US FINANCE II LLC-REG-S 3.87500% 18-15.12.23 | 500 000.00 | 524 605.15 | 0.09 |
| USD | BERKSHIRE HATHAWAY INC 2.20000% 16-15.03.21 | 525 000.00 | 527 646.00 | 0.09 |
| USD | BERKSHIRE HATHAWAY INC 3.12500% 16-15.03.26 | 525 000.00 | 553 124.61 | 0.09 |
| USD | BRITISH COLUMBIA, PROVINCE OF 1.75000% 19-27.09.24 | 250 000.00 | 249 686.75 | 0.04 |
| USD | CHEVRON CORP 2.41900% 15-17.11.20 | 500 000.00 | 502 803.35 | 0.09 |
| USD | CHEVRON CORP 3.19100% 13-24.06.23 | 1 825 000.00 | 1 900 229.96 | 0.32 |
| USD | COMMONWEALTH BANK OF AUSTRALIA-REG-S 3.90000% 18-16.03.28 | 450 000.00 | 497 614.50 | 0.09 |
| USD | COMMONWEALTH BANK OF AUSTRALIA-REG-S 3.35000% 19-04.06.24 | 500 000.00 | 524 070.00 | 0.09 |
| USD | CORPORACION ANDINA DE FOMENTO 4.37500% 12-15.06.22 | 625 000.00 | 655 506.25 | 0.11 |
| USD | COUNCIL OF EUROPE DEVELOPMENT BANK 1.62500% 16-16.03.21 | 200 000.00 | 199 487.27 | 0.03 |
| USD | DEXIA CREDIT LOCAL SA-REG-S 2.50000% 18-25.01.21 | 500 000.00 | 503 271.80 | 0.09 |
| USD | EQUINOR ASA 3.62500% 18-10.09.28 | 700 000.00 | 771 026.48 | 0.13 |
| USD | EUROPEAN INVESTMENT BANK 2.00000% 16-15.03.21 | 1 400 000.00 | 1 404 579.12 | 0.24 |
| USD | EUROPEAN INVESTMENT BANK 1.25000% 16-16.12.19 | 375 000.00 | 374 913.75 | 0.06 |
| USD | EUROPEAN INVESTMENT BANK 2.37500% 17-24.05.27 | 1 000 000.00 | 1 040 269.90 | 0.18 |
| USD | EXPORT DEVELOPMENT CANADA 2.00000% 17-17.05.22 | 200 000.00 | 201 626.50 | 0.03 |
| USD | EXPORT-IMPORT BANK OF KOREA 2.50000% 15-10.05.21 | 1 000 000.00 | 1 005 312.50 | 0.17 |
| USD | EXPORT-IMPORT BANK OF KOREA 3.25000% 15-10.11.25 | 700 000.00 | 739 812.50 | 0.13 |
| USD | EXPORT-IMPORT BANK OF KOREA 2.75000% 17-25.01.22 | 700 000.00 | 710 718.75 | 0.12 |
| USD | EXXON MOBIL CORP 3.04300% 16-01.03.26 | 1 625 000.00 | 1 711 235.66 | 0.29 |
| USD | HSBC BANK PLC-REG-S 4.12500% 10-12.08.20 | 125 000.00 | 126 841.54 | 0.02 |
| USD | INTER-AMERICAN DEVELOPMENT BANK 2.37500% 17-07.07.27 | 400 000.00 | 415 140.24 | 0.07 |
| USD | INTER-AMERICAN DEVELOPMENT BANK 2.25000% 19-18.06.29 | 800 000.00 | 826 802.16 | 0.14 |
| USD | INTER-AMERICAN DEVELOPMENT BANK 2.00000% 19-23.07.26 | 750 000.00 | 760 675.43 | 0.13 |
| USD | INTERNATIONAL BUSINESS MACHINES CORP 2.85000% 19-13.05.22 | 400 000.00 | 407 650.68 | 0.07 |
| USD | INTL BK FOR RECONS & DEV WORLD BK 1.75000% 19-23.10.29 | 500 000.00 | 495 201.25 | 0.08 |
| USD | INTL BK FOR RECONSTR & DEVT WORLD BANK 2.12500% 17-13.12.21 | 900 000.00 | 907 899.03 | 0.15 |
| USD | JOHNSON & JOHNSON 2.45000% 16-01.03.26 | 1 050 000.00 | 1 069 762.37 | 0.18 |
| USD | JOHNSON & JOHNSON 2.90000% 17-15.01.28 | 250 000.00 | 262 679.93 | 0.05 |
| USD | JOHNSON & JOHNSON 3.37500% 13-05.12.23 | 300 000.00 | 318 445.71 | 0.05 |
| USD | KOREA DEVELOPMENT BANK 2.75000% 17-19.03.23 | 400 000.00 | 407 500.00 | 0.07 |
| USD | KOREA EAST-WEST POWER CO LTD-REG-S 3.87500% 18-19.07.23 | 610 000.00 | 642 978.13 | 0.11 |
| USD | KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 3.00000% 12-19.09.22 | 200 000.00 | 204 250.00 | 0.04 |
| USD | KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 3.12500% 17-25.07.27 | 800 000.00 | 832 500.00 | 0.14 |
| USD | KREDITANSTALT FUER WIEDERAUFBAU 2.12500% 13-17.01.23 | 650 000.00 | 658 959.54 | 0.11 |
| USD | KREDITANSTALT FUER WIEDERAUFBAU 2.00000% 15-02.05.25 | 1 550 000.00 | 1 573 060.44 | 0.27 |
| USD | KREDITANSTALT FUER WIEDERAUFBAU 1.62500% 16-15.03.21 | 1 150 000.00 | 1 148 746.12 | 0.20 |
| USD | KUWAIT INTERNATIONAL GOVT BOND-REG-S 3.50000% 17-20.03.27 | 1 500 000.00 | 1 609 218.75 | 0.27 |
| USD | LANDWIRTSCHAFTLICHE RENTENBANK 2.00000% 15-13.01.25 | 775 000.00 | 785 047.48 | 0.13 |
| USD | MANITOBA, PROVINCE OF 2.12500% 17-04.05.22 | 1 275 000.00 | 1 284 750.82 | 0.22 |
| USD | MICROSOFT CORP 2.65000% 15-03.11.22 | 1 400 000.00 | 1 433 854.52 | 0.24 |
| USD | MICROSOFT CORP 2.87500% 17-06.02.24 | 1 425 000.00 | 1 479 444.54 | 0.25 |
| USD | MICROSOFT CORP 3.30000% 17-06.02.27 | 2 000 000.00 | 2 153 672.60 | 0.37 |
| USD | NATIONAL AUSTRALIA BANK LTD/NY 2.50000% 16-12.07.26 | 800 000.00 | 802 272.00 | 0.14 |
| USD | NEW YORK LIFE GLOBAL FUNDING-REG-S 3.00000% 18-10.01.28 | 425 000.00 | 443 286.34 | 0.08 |
| USD | NORDEA BANK AB-REG-S 4.87500% 10-27.01.20 | 300 000.00 | 301 309.20 | 0.05 |
| USD | NORDIC INVESTMENT BANK 2.25000% 14-30.09.21 | 200 000.00 | 201 535.08 | 0.03 |
| USD | NOVARTIS CAPITAL CORP 2.40000% 12-21.09.22 | 850 000.00 | 863 119.07 | 0.15 |
| USD | NOVARTIS CAPITAL CORP 3.10000% 17-17.05.27 | 850 000.00 | 898 975.73 | 0.15 |
| USD | QATAR, STATE OF-REG-S 2.37500% 16-02.06.21 | 1 750 000.00 | 1 756 562.50 | 0.30 |
| USD | QATAR, STATE OF-REG-S 3.37500% 19-14.03.24 | 300 000.00 | 313 593.75 | 0.05 |
| USD | QUEBEC, PROVINCE OF 2.50000% 16-20.04.26 | 1 650 000.00 | 1 702 470.16 | 0.29 |
| USD | ROCHE HOLDINGS INC-REG-S 3.00000% 15-10.11.25 | 1 305 000.00 | 1 373 600.72 | 0.23 |
| USD | ROCHE HOLDINGS INC-REG-S 3.62500% 18-17.09.28 | 800 000.00 | 888 504.40 | 0.15 |
| USD | SHELL INTERNATIONAL FINANCE BV 2.25000% 12-06.01.23 | 400 000.00 | 402 762.44 | 0.07 |
| USD | SHELL INTERNATIONAL FINANCE BV 1.87500% 16-10.05.21 | 200 000.00 | 200 097.44 | 0.03 |
| USD | SHELL INTERNATIONAL FINANCE BV 2.87500% 16-10.05.26 | 1 275 000.00 | 1 320 949.34 | 0.22 |
| USD | SINOPEC GROUP OVERSEAS DEV 2013-REG-S 4.37500% 13-17.10.23 | 300 000.00 | 320 046.00 | 0.06 |
| USD | TOTAL CAPITAL INTERNATIONAL SA 3.70000% 13-15.01.24 | 350 000.00 | 372 017.24 | 0.06 |
| USD | WALMART INC 2.55000% 13-11.04.23 | 750 000.00 | 765 125.18 | 0.13 |
| USD | WALMART INC 3.70000% 18-26.06.28 | 1 500 000.00 | 1 658 463.30 | 0.28 |
| USD | WELLS FARGO CO 3.50000% 12-08.03.22 | 300 000.00 | 309 284.70 | 0.05 |
| USD | WESTPAC BANKING CORP 2.85000% 16-13.05.26 | 1 641 000.00 | 1 676 150.22 | 0.28 |
| USD | WESTPAC BANKING CORP 3.35000% 17-08.03.27 | 300 000.00 | 316 365.00 | 0.05 |
| Total USD |  |  | 64 907 267.28 | 11.00 |
| Total Notes, fester Zins |  | 64 907 267.28 | 11.00 |
| Medium-Term Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AFRICAN DEVELOPMENT BANK 2.37500% 14-23.09.21 | 475 000.00 | 480 619.53 | 0.08 |
| USD	ASB FINANCE LTD-REG-S 2.12500% 16-01.09.21 | 400 000.00 | 399 960.00 | 0.07 |
| USD	ASIAN DEVELOPMENT BANK 2.62500% 17-12.01.27 | 750 000.00 | 790 522.80 | 0.13 |
| USD	ASIAN DEVELOPMENT BANK 2.00000% 17-16.02.22 | 950 000.00 | 956 631.00 | 0.16 |
| USD	ASIAN DEVELOPMENT BANK 2.50000% 17-02.11.27 | 1 000 000.00 | 1 047 907.50 | 0.18 |
| USD	AUSTRALIA & NZ BANKING GRP-REG-S 5.10000% 10-13.01.20 | 225 000.00 | 225 767.70 | 0.04 |
| USD	BANK OF AMERICA CORP 3.24800% 16-21.10.27 | 725 000.00 | 755 870.50 | 0.13 |
| USD	BANK OF MONTREAL 1.90000% 16-27.08.21 | 300 000.00 | 299 757.14 | 0.05 |
| USD	BELGIUM, KINGDOM OF-REG-S 1.62500% 17-15.01.20 | 400 000.00 | 399 868.00 | 0.07 |
| USD	CAISSE D’AMOR DE LA DETTE SOCIALE-REG-S 3.37500% 14-20.03.24 | 400 000.00 | 425 915.20 | 0.07 |
| USD	CLIFFORD CAPITAL PTE LTD-REG-S 1.73300% 19-10.09.24 | 650 000.00 | 642 245.50 | 0.11 |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 3.15000% 17-19.09.27 | 150 000.00 | 157 152.00 | 0.03 |
| USD	CPPIB CAPITAL INC-REG-S 2.75000% 17-02.11.27 | 1 000 000.00 | 1 054 534.50 | 0.18 |
| USD	FINNVERA OYJ-REG-S 1.87500% 17-05.10.20 | 200 000.00 | 200 030.00 | 0.03 |
| USD	IDB TRUST SERVICES LTD-REG-S 2.26100% 17-26.09.22 | 800 000.00 | 801 600.00 | 0.14 |
| USD	INTERNATIONAL FINANCE CORP 2.12500% 16-07.04.26 | 350 000.00 | 356 820.06 | 0.06 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 17-22.11.27 | 1 305 000.00 | 1 370 600.91 | 0.23 |
| USD	JAPAN TOBACCO INC-REG-S 2.80000% 16-13.04.26 | 400 000.00 | 403 672.00 | 0.07 |
| USD	KOMMUNEKREDIT-REG-S 1.62500% 16-01.06.21 | 225 000.00 | 224 365.05 | 0.04 |
| USD	LANDESKREDITBANK B-WUERTT FOERDBK-REG-S 1.37500% 16-21.07.21 | 250 000.00 | 248 376.00 | 0.04 |
| USD	MDGH - GMTN BV-REG-S 3.00000% 17-19.04.24 | 600 000.00 | 614 437.50 | 0.10 |
| USD	MUNICIPALITY FINANCE PLC-REG-S 1.87500% 17-18.09.20 | 200 000.00 | 200 014.00 | 0.03 |
| USD	NEDERLANDSE WATERSCHAPSBK NV-REG-S 3.00000% 18-21.12.21 | 200 000.00 | 204 922.00 | 0.04 |
| USD	NESTLE HOLDINGS INC-REG-S 1.87500% 16-09.03.21 | 500 000.00 | 499 938.00 | 0.09 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (USD) Halbjahresbericht per 30. November 2019
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  |  | Nominal | NR Kursgewinn | Netto- |
|  |  |  | (-verlust) auf Futures/ | vermögens |
|  |  |  | Devisentermin- |  |
|  |  |  | kontrakten/ |  |
|  |  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| USD | NESTLE HOLDINGS INC-REG-S 2.37500% 17-18.01.22 | 325 000.00 | 328 184.22 | 0.06 |
| USD | NESTLE HOLDINGS INC-REG-S 3.12500% 18-22.03.23 | 415 000.00 | 430 172.40 | 0.07 |
| USD | NISSAN MOTOR ACCEPTANCE CORP-REG-S 2.60000% 17-28.09.22 | 100 000.00 | 100 539.47 | 0.02 |
| USD | NORDRHEIN-WESTFALEN, STATE OF-REG-S 2.25000% 15-16.04.25 | 200 000.00 | 203 568.80 | 0.03 |
| USD | SP POWERASSETS LTD-REG-S 3.25000% 15-24.11.25 | 400 000.00 | 420 328.00 | 0.07 |
| USD | SUMITOMO MITSUI BANKING CORP-REG-S 2.44000% 19-18.06.24 | 418 000.00 | 425 311.20 | 0.07 |
| USD | SVENSK EXPORTKREDIT AB 1.75000% 16-10.03.21 | 200 000.00 | 199 915.71 | 0.03 |
| USD | TORONTO-DOMINION BANK 2.50000% 15-14.12.20 | 1 200 000.00 | 1 207 391.88 | 0.20 |
| USD | TOYOTA MOTOR CREDIT CORP 2.60000% 17-11.01.22 | 350 000.00 | 355 030.51 | 0.06 |
| USD | TOYOTA MOTOR FINANCE NL BV-REG-S 2.76400% 19-26.04.21 | 450 000.00 | 453 728.88 | 0.08 |
| Total USD |  |  | 16 885 697.96 | 2.86 |
| Total Medium-Term Notes, fester Zins |  | 16 885 697.96 | 2.86 |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AGENCE FRANCAISE DE DEVELOPPEMENT-REG-S 1.62500% 15-21.01.20 | 300 000.00 | 299 884.20 | 0.05 |
| USD	BANK NEDERLANDSE GEMEENTEN NV-REG-S 2.62500% 14-28.04.21 | 350 000.00 | 353 998.05 | 0.06 |
| USD	BANK NEDERLANDSE GEMEENTEN NV-REG-S 2.37500% 16-16.03.26 | 450 000.00 | 463 408.20 | 0.08 |
| USD	BANK OF NOVA SCOTIA 1.85000% 15-14.04.20 | 400 000.00 | 399 822.06 | 0.07 |
| USD	CAISSE D’AMORTIS DE LA DETTE SOC-REG-S 1.87500% 15-12.02.22 | 475 000.00 | 476 236.90 | 0.08 |
| USD	CANADIAN IMPERIAL BANK OF COM/CAN-REG-S 2.35000% 17-27.07.22 | 350 000.00 | 353 830.65 | 0.06 |
| USD	CENTRAL JAPAN RAILWAY CO-REG-S 3.40000% 18-06.09.23 | 400 000.00 | 414 640.00 | 0.07 |
| USD	DBS BANK LTD-REG-S 3.30000% 18-27.11.21 | 480 000.00 | 490 905.60 | 0.08 |
| USD	DNB BOLIGKREDITT AS-REG-S 2.50000% 17-28.03.22 | 500 000.00 | 506 130.00 | 0.09 |
| USD	EUROPEAN INVESTMENT BANK 1.87500% 15-10.02.25 | 1 750 000.00 | 1 768 163.42 | 0.30 |
| USD	FAB SUKUK CO LTD-REG-S 3.87500% 19-22.01.24 | 300 000.00 | 315 093.75 | 0.05 |
| USD	FMS WERTMANAGEMENT 2.00000% 17-01.08.22 | 375 000.00 | 378 021.60 | 0.06 |
| USD	ING BANK NV-REG-S 2.62500% 12-05.12.22 | 250 000.00 | 255 250.00 | 0.04 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 3.87500% 10-14.02.20 | 750 000.00 | 752 795.25 | 0.13 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.12500% 15-15.01.25 | 1 050 000.00 | 1 069 541.34 | 0.18 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 14-25.11.24 | 675 000.00 | 700 222.25 | 0.12 |
| USD	INTL BK FOR RECONSTR & DEVT 2.50000% 15-29.07.25 | 1 450 000.00 | 1 510 295.50 | 0.26 |
| USD	KOREA NATIONAL OIL CORP-REG-S 3.25000% 14-10.07.24 | 450 000.00 | 468 421.87 | 0.08 |
| USD	KOREA, REPUBLIC OF 3.87500% 13-11.09.23 | 600 000.00 | 641 625.00 | 0.11 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.50000% 14-20.11.24 | 1 125 000.00 | 1 167 757.65 | 0.20 |
| USD	MDGH - GMTN BV-REG-S 2.75000% 16-11.05.23 | 500 000.00 | 505 625.00 | 0.08 |
| USD	MORGAN STANLEY 5.50000% 10-24.07.20 | 450 000.00 | 460 163.39 | 0.08 |
| USD	NOVARTIS CAPITAL CORP 3.40000% 14-06.05.24 | 200 000.00 | 211 487.06 | 0.04 |
| USD	OESTERREICHISCHE KONTROLLBANK AG 2.37500% 14-01.10.21 | 325 000.00 | 328 663.49 | 0.06 |
| USD	ONTARIO, PROVINCE OF 3.20000% 14-16.05.24 | 1 050 000.00 | 1 110 879.00 | 0.19 |
| USD	ONTARIO, PROVINCE OF 2.50000% 16-27.04.26 | 700 000.00 | 721 710.71 | 0.12 |
| USD	ROYAL BANK OF CANADA 2.10000% 15-14.10.20 | 375 000.00 | 375 348.33 | 0.06 |
| Total USD |  | 16 499 920.27 | 2.80 |
| Total Anleihen, fester Zins |  | 16 499 920.27 | 2.80 |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 2.62500% 19-15.02.29 | 5 000 000.00 | 5 359 570.00 | 0.91 |
| USD	AMERICA, UNITED STATES OF 1.50000% 15-31.01.22 | 5 000.00 | 4 987.31 | 0.00 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.02.27 | 4 050 000.00 | 4 192 857.27 | 0.71 |
| USD	AMERICA, UNITED STATES OF 1.75000% 13-15.05.23 | 25 000.00 | 25 112.30 | 0.01 |
| USD	AMERICA, UNITED STATES OF 1.50000% 17-15.05.20 | 25 000.00 | 24 981.45 | 0.00 |
| Total USD |  | 9 607 508.33 | 1.63 |
| Total Treasury-Notes, fester Zins | 9 607 508.33 | 1.63 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 280 550 060.73 | 47.55 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Treasury-Bills, Nullcoupon |  |  |
| USD |  |  |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 06.12.18-05.12.19	1 600 000.00 | 1 599 812.10 | 0.27 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 11.07.19-09.01.20	1 600 000.00 | 1 597 354.08 | 0.27 |
| Total USD | 3 197 166.18 | 0.54 |
| Total Treasury-Bills, Nullcoupon | 3 197 166.18 | 0.54 |
| Notes, fester Zins |  |  |
| USD |  |  |
| USD	ALTRIA GROUP INC 2.85000% 12-09.08.22	500 000.00 | 507 197.20 | 0.09 |
| USD	FANNIE MAE 2.12500% 16-24.04.26	1 300 000.00 | 1 326 677.56 | 0.23 |
| USD	HSBC HOLDINGS PLC 4.87500% 11-14.01.22	275 000.00 | 290 451.02 | 0.05 |
| USD	MASSMUTUAL GLOBAL FUNDING II-REG-S 2.45000% 15-23.11.20	250 000.00 | 251 315.28 | 0.04 |
| USD	NATIONAL AUSTRALIA BANK LTD NEW YORK 2.87500% 18-12.04.23	250 000.00 | 255 598.82 | 0.04 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 1.95000% 17-28.09.20	200 000.00 | 200 121.22 | 0.03 |
| USD	PROCTER & GAMBLE CO 2.30000% 12-06.02.22	650 000.00 | 658 915.14 | 0.11 |
| USD	SANOFI 4.00000% 11-29.03.21	700 000.00 | 719 964.00 | 0.12 |
| Total USD | 4 210 240.24 | 0.71 |
| Total Notes, fester Zins | 4 210 240.24 | 0.71 |
| Notes, variabler Zins |  |  |
| USD |  |  |
| USD	JPMORGAN CHASE BANK NA 3.086%/VAR 18-26.04.21	300 000.00 | 301 141.23 | 0.05 |
| Total USD | 301 141.23 | 0.05 |
| Total Notes, variabler Zins | 301 141.23 | 0.05 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (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) |  |

Medium-Term Notes, fester Zins
| USD |  |
| --- | --- |
| USD | GOLDMAN SACHS GROUP INC/THE 3.85000% 14-08.07.24 | 350 000.00 | 370 466.18 | 0.06 |
| USD | GUARDIAN LIFE GLOBAL FUNDING-REG-S 2.00000% 16-26.04.21 | 450 000.00 | 450 198.86 | 0.08 |
| USD | MACQUARIE GROUP LTD-REG-S 6.25000% 11-14.01.21 | 500 000.00 | 521 065.00 | 0.09 |
| Total USD |  |  | 1 341 730.04 | 0.23 |
| Total Medium-Term Notes, fester Zins |  | 1 341 730.04 | 0.23 |
| Medium-Term Notes, Nullcoupon |  |  |  |
| USD |  |  |  |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.00000% 00-01.05.30 | 500 000.00 | 392 502.17 | 0.07 |
| Total USD |  | 392 502.17 | 0.07 |
| Total Medium-Term Notes, Nullcoupon |  | 392 502.17 | 0.07 |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 1.62500% 19-17.10.22 | 250 000.00 | 248 150.00 | 0.04 |
| USD	FEDERAL HOME LOAN BANK SYSTEM 2.00000% 12-09.09.22 | 600 000.00 | 605 288.46 | 0.10 |
| USD	ROYAL BANK OF CANADA-REG-S 3.35000% 18-22.10.21 | 500 000.00 | 513 329.10 | 0.09 |
| Total USD |  | 1 366 767.56 | 0.23 |
| Total Anleihen, fester Zins |  | 1 366 767.56 | 0.23 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  | 10 809 547.42 | 1.83 |

Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Vorzugsaktien
Grossbritannien
| GBP | ROLLS ROYCE HLDGS NON CUM RED PREF GBP0.001 C | 818 156.00 | 1 058.29 | 0.00 |
| --- | --- | --- | --- | --- |
| Total Grossbritannien |  | 1 058.29 | 0.00 |
| Total Vorzugsaktien |  | 1 058.29 | 0.00 |
| Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	MASSMUTUAL GLOBAL FUNDING II-REG-S 2.95000% 18-11.01.25 | 350 000.00 | 359 777.00 | 0.06 |
| USD	SVENSKA HANDELSBANKEN AB 1.95000% 17-08.09.20 | 250 000.00 | 249 722.60 | 0.05 |
| Total USD |  | 609 499.60 | 0.11 |
| Total Notes, fester Zins |  | 609 499.60 | 0.11 |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	HSBC BANK CANADA-REG-S 3.30000% 18-28.11.21 | 600 000.00 | 615 833.46 | 0.11 |
| USD	HSBC BANK CANADA-REG-S 1.65000% 19-10.09.22 | 300 000.00 | 297 943.59 | 0.05 |
| USD	MASSMUTUAL GLOBAL FUNDING II-REG-S 2.75000% 17-22.06.24 | 250 000.00 | 254 914.93 | 0.04 |
| USD	SWEDBANK AB-REG-S 2.80000% 17-14.03.22 | 200 000.00 | 202 025.76 | 0.03 |
| Total USD |  | 1 370 717.74 | 0.23 |
| Total Anleihen, fester Zins |  | 1 370 717.74 | 0.23 |
| Total Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden |  | 1 981 275.63 | 0.34 |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
| Irland |  |
| --- | --- |
| USD | UBS (IRL) ETF PLC-MSCI USA UCITS-ACC-A-USD-ETF | 5 456 430.00 | 93 086 695.80 | 15.78 |
| USD | UBS ETFS PLC - MSCI USA TRN INDEX SF (USD) A-ACC | 847 139.00 | 71 625 602.45 | 12.14 |
| USD | XTRACKERS MSCI USA UCITS ETF DR-1C-USD CAP | 260 060.00 | 22 341 754.60 | 3.78 |
| Total Irland |  | 187 054 052.85 | 31.70 |
| Luxemburg |  |  |  |
| USD	AQR UCITS FUNDS - GLOBAL RISK PARITY UCITS FUND-A2-CAP | 100 059.10 | 11 946 055.95 | 2.03 |
| EUR	DB PLATINUM IV UBS MULTI-STRATEGY ALTERNATIVES-I0C-E-CAP | 984.17 | 10 892 231.48 | 1.85 |
| USD	INVESCO FUNDS SICAV BAL RISK ALLOCATION-PI1-USD HDG-CAP | 998 776.73 | 11 815 528.72 | 2.00 |
| USD	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR)(USD HEDGED) F-ACC | 100 470.00 | 11 605 289.70 | 1.97 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD (USD) F-ACC | 54 945.00 | 17 782 949.25 | 3.01 |
| USD	UBS (LUX) BOND SICAV - EMERG ECON CORPORATES (USD) F-ACC | 102 108.00 | 11 582 110.44 | 1.96 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD) F-ACC | 8 829.00 | 17 748 585.54 | 3.01 |
| USD	UBS (LUX) MONEY MARKET FUND - USD U-X-ACC | 1.00 | 11 088.70 | 0.00 |
| Total Luxemburg | 93 383 839.78 | 15.83 |
| Total Investment Fonds, open end | 280 437 892.63 | 47.53 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 | 280 437 892.63 | 47.53 |
| Total des Wertpapierbestandes | 573 778 776.41 | 97.25 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (USD) Halbjahresbericht per 30. November 2019
| Bezeichnung | Anzahl/ Nominal | Bewertung in USD NR Kursgewinn (-verlust) auf Futures/ Devisentermin- kontrakten/ Swaps (Erl. 1) | in % des Netto- vermögens |
| --- | --- | --- | --- |
| Derivative Instrumente |  |  |  |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Finanzterminkontrakte auf Anleihen |  |  |  |
|  |  |  |  |
| USD	US 10YR ULTRA NOTE FUTURE 20.03.20 | -111.00 | 71 109.38 | 0.01 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.20 | -291.00 | 61 382.96 | 0.01 |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.20 | -210.00 | 24 609.48 | 0.01 |
| USD	US 10YR TREASURY NOTE FUTURE 20.03.20 | -148.00 | 64 750.00 | 0.01 |
| USD	US LONG BOND FUTURE 20.03.20 | -15.00 | 15 000.00 | 0.00 |
| Total Finanzterminkontrakte auf Anleihen |  | 236 851.82 | 0.04 |
| Finanzterminkontrakte auf Indizes |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 20.12.19 | 225.00 | 187 508.16 | 0.03 |
| CHF	SWISS MARKET INDEX FUTURE 20.12.19 | 20.00 | 54 546.17 | 0.01 |
| GBP	FTSE 100 INDEX FUTURE 20.12.19 | 47.00 | 34 298.34 | 0.01 |
| SGD	MSCI SINGAPORE INDEX FUTURE 30.12.19 | 17.00 | -2 610.70 | 0.00 |
| USD	S&P500 EMINI FUTURE 20.12.19 | 387.00 | 2 033 191.57 | 0.34 |
| JPY	TOPIX INDX FUTURE 12.12.19 | 46.00 | 167 219.30 | 0.03 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 20.12.19 | 714.00 | 257 510.09 | 0.04 |
| AUD	SPI 200 INDEX FUTURE 19.12.19 | 18.00 | 33 356.70 | 0.01 |
| CAD	S&P/TSX 60 INDEX FUTURE 19.12.19 | 21.00 | 118 755.42 | 0.02 |
| HKD	HANG SENG INDEX FUTURE 30.12.19 | 7.00 | -35 367.76 | -0.01 |
| Total Finanzterminkontrakte auf Indizes |  | 2 848 407.29 | 0.48 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | 3 085 259.11 | 0.52 |
| Total Derivative Instrumente |  | 3 085 259.11 | 0.52 |
| Devisenterminkontrakte |  |  |  |
| Devisenterminkontrakte (Kauf/Verkauf) |  |  |  |

| USD | 11 413 177.82 | CHF | 11 312 000.00 | 9.1.2020 | 53 846.06 | 0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 10 432 144.00 | GBP | 8 224 000.00 | 9.1.2020 | -223 541.91 | -0.04 |
| USD | 6 032 559.33 | CAD | 7 975 000.00 | 9.1.2020 | 26 116.67 | 0.00 |
| USD | 6 330 632.94 | AUD | 9 335 000.00 | 9.1.2020 | 9 444.66 | 0.00 |
| JPY | 70 270 000.00 | USD | 652 782.99 | 9.1.2020 | -8 982.24 | 0.00 |
| USD | 184 982.11 | HKD | 1 450 000.00 | 9.1.2020 | -176.50 | 0.00 |
| USD | 43 835.33 | SGD | 60 000.00 | 9.1.2020 | -58.36 | 0.00 |
| USD | 32 440 107.33 | EUR | 29 285 000.00 | 9.1.2020 | 51 719.26 | 0.01 |
| USD | 370 143.14 | JPY | 40 000 000.00 | 9.1.2020 | 3 670.53 | 0.00 |
| USD | 468 375.18 | EUR | 420 000.00 | 9.1.2020 | 3 866.97 | 0.00 |
| HKD | 2 000 000.00 | USD | 255 182.60 | 9.1.2020 | 208.59 | 0.00 |
| USD | 410 370.86 | JPY | 44 500 000.00 | 9.1.2020 | 2 670.09 | 0.00 |
| USD | 368 792.29 | CHF | 365 000.00 | 9.1.2020 | 2 265.05 | 0.00 |
| USD | 14 821 464.01 | GBP | 11 476 000.00 | 15.1.2020 | -50 163.95 | -0.01 |
| USD | 6 288 093.17 | AUD | 9 065 000.00 | 15.1.2020 | 148 863.10 | 0.03 |
| USD | 6 134 993.17 | CAD | 8 049 000.00 | 15.1.2020 | 72 728.37 | 0.01 |
| HKD | 550 000.00 | USD | 70 199.73 | 15.1.2020 | 31.45 | 0.00 |
| USD | 44 260.48 | SGD | 60 000.00 | 15.1.2020 | 363.78 | 0.00 |
| USD | 13 082 909.18 | CHF | 12 888 000.00 | 15.1.2020 | 135 723.85 | 0.02 |
| USD | 2 469 713.41 | JPY | 267 630 000.00 | 15.1.2020 | 16 980.71 | 0.00 |
| USD | 41 873 447.91 | EUR | 37 442 000.00 | 15.1.2020 | 448 608.05 | 0.08 |
| USD | 784 698.77 | EUR | 705 000.00 | 9.1.2020 | 4 988.56 | 0.00 |
| USD | 784 992.05 | EUR | 705 000.00 | 15.1.2020 | 4 998.67 | 0.00 |
| USD | 170 228.73 | CAD | 225 000.00 | 15.1.2020 | 765.49 | 0.00 |
| USD | 170 226.93 | CAD | 225 000.00 | 9.1.2020 | 766.17 | 0.00 |
| USD | 38 250.36 | HKD | 300 000.00 | 9.1.2020 | -58.32 | 0.00 |
| USD | 38 247.81 | HKD | 300 000.00 | 15.1.2020 | -60.11 | 0.00 |
| EUR | 750 000.00 | USD | 828 124.50 | 9.1.2020 | 1 354.45 | 0.00 |
| EUR | 750 000.00 | USD | 828 441.75 | 15.1.2020 | 1 338.44 | 0.00 |
| GBP | 7 463 500.00 | USD | 9 631 410.90 | 16.1.2020 | 40 719.02 | 0.01 |
| SEK | 2 830 400.00 | USD | 295 254.22 | 16.1.2020 | 1 314.05 | 0.00 |
| EUR | 144 551 900.00 | USD | 159 813 689.60 | 16.1.2020 | 124 395.30 | 0.02 |
| CHF | 95 237 100.00 | USD | 95 867 910.85 | 16.1.2020 | -186 974.87 | -0.03 |
| SGD | 16 708 200.00 | USD | 12 245 104.36 | 16.1.2020 | -21 050.21 | 0.00 |
| USD | 573 722.75 | EUR | 519 200.00 | 16.1.2020 | -741.19 | 0.00 |
| JPY | 25 000 000.00 | USD | 230 253.68 | 15.1.2020 | -1 137.67 | 0.00 |
| JPY | 25 000 000.00 | USD | 230 176.30 | 9.1.2020 | -1 130.92 | 0.00 |
| CHF | 2 356 700.00 | USD | 2 368 039.83 | 16.1.2020 | -356.84 | 0.00 |
| USD | 33 068.71 | SGD | 45 200.00 | 16.1.2020 | -0.52 | 0.00 |
| USD | 361 355.99 | CAD | 480 000.00 | 15.1.2020 | -165.58 | 0.00 |
| USD | 233 403.54 | AUD | 345 000.00 | 9.1.2020 | -212.95 | 0.00 |
| USD | 361 353.81 | CAD | 480 000.00 | 9.1.2020 | -162.49 | 0.00 |
| USD | 265 568.48 | GBP | 205 000.00 | 15.1.2020 | -88.87 | 0.00 |
| USD | 265 524.20 | GBP | 205 000.00 | 9.1.2020 | -90.54 | 0.00 |
| USD | 233 438.73 | AUD | 345 000.00 | 15.1.2020 | -210.95 | 0.00 |
| USD | 275 970.87 | CHF | 275 000.00 | 9.1.2020 | -179.79 | 0.00 |
| USD | 276 084.46 | CHF | 275 000.00 | 15.1.2020 | -178.42 | 0.00 |
| Total Devisenterminkontrakte (Kauf/Verkauf) | 662 024.14 | 0.11 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 13 756 444.12 | 2.33 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -2 249.11 | 0.00 |
| Andere Aktiva und Passiva | -1 281 527.56 | -0.21 |
| Total des Nettovermögens | 589 998 727.11 | 100.00 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Dynamic (USD)
Halbjahresbericht per 30. November 2019