# UBS (Lux) Strategy SICAV – Income (CHF)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Net assets in CHF |  | 96 543 521.20 | 102 171 516.65 | 131 864 793.04 |
| Class P-acc | LU0994951381 |  |  |  |
| Shares outstanding |  | 498 409.6280 | 527 042.0760 | 655 677.0710 |
| Net asset value per share in CHF |  | 105.93 | 104.38 | 104.79 |
| Issue and redemption price per share in CHF 1 |  | 105.93 | 104.38 | 104.67 |
| Class P-dist | LU0994669108 |  |  |  |
| Shares outstanding |  | 362 556.6580 | 394 930.3790 | 536 076.2700 |
| Net asset value per share in CHF |  | 100.50 | 100.21 | 101.43 |
| Issue and redemption price per share in CHF 1 |  | 100.50 | 100.21 | 101.32 |
| Class Q-acc | LU1240800968 |  |  |  |
| Shares outstanding |  | 40 729.6620 | 42 301.7850 | 46 670.7960 |
| Net asset value per share in CHF |  | 105.26 | 103.44 | 103.27 |
| Issue and redemption price per share in CHF 1 |  | 105.26 | 103.44 | 103.16 |
| Class Q-dist | LU1240801008 |  |  |  |
| Shares outstanding |  | 30 470.6360 | 32 372.9400 | 39 508.4240 |
| Net asset value per share in CHF |  | 99.14 | 99.12 | 100.34 |
| Issue and redemption price per share in CHF 1 |  | 99.14 | 99.12 | 100.23 |
| 1  See note 1 |  |  |  |  |

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

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| Luxembourg | 55.46 |
| --- | --- |
| United States | 19.27 |
| Switzerland | 5.28 |
| Germany | 3.77 |
| South Korea | 2.08 |
| The Netherlands | 1.50 |
| Ireland | 1.36 |
| Supranationals | 1.33 |
| France | 1.25 |
| Canada | 1.18 |
| Australia | 0.75 |
| United Kingdom | 0.69 |
| Austria | 0.56 |
| Mexico | 0.49 |
| New Zealand | 0.43 |
| United Arab Emirates | 0.36 |
| Bermuda | 0.31 |
| Spain | 0.28 |
| Finland | 0.22 |
| Norway | 0.21 |
| Denmark | 0.21 |
| Cayman Islands | 0.21 |
| Honduras | 0.16 |
| Chile | 0.16 |
| Philippines | 0.08 |
| Kazakhstan | 0.04 |
| Total | 97.64 |

Economic Breakdown as a % of net assets	
| Investment funds | 55.75 |
| --- | --- |
| Countries & central governments | 19.74 |
| Banks & credit institutions | 10.32 |
| Finance & holding companies | 3.31 |
| Supranational organisations | 2.31 |
| Mortgage & funding institutions | 1.80 |
| Petroleum | 1.07 |
| Cantons, federal states | 0.65 |
| Computer hardware & network equipment providers | 0.64 |
| Cities & municipal authorities | 0.53 |
| Food & soft drinks | 0.42 |
| Public, non-profit institutions | 0.32 |
| Miscellaneous services | 0.31 |
| Insurance | 0.31 |
| Telecommunications | 0.11 |
| Traffic & transportation | 0.05 |
| Total | 97.64 |


## Statement of Net Assets
Assets	30.11.2019
CHF
Investments in securities, cost	85 467 282.56
| Investments in securities, unrealized appreciation (depreciation) | 	8 800 887.29	 |
| --- | --- |
| Total investments in securities (Note 1) | 94 268 169.85 |
| Cash at banks, deposits on demand and deposit accounts | 2 363 397.03 |
| Other liquid assets (Margins) | 320 390.74 |
| Receivable on subscriptions | 4 688.72 |
| Interest receivable on securities | 188 584.84 |
| Other receivables | 21 153.21 |
| Interest receivable on liquid assets | 46.61 |
| Unrealized gain (loss) on financial futures (Note 1) | 56 748.03 |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | -346 218.46 |
| Total Assets | 96 876 960.57 |
|  |  |
| Liabilities |  |
| Payable on securities purchases (Note 1) | -201 346.00 |
| Payable on redemptions | -71 501.94 |
| Provisions for flat fee (Note 2) | -46 454.67 |
| Provisions for taxe d’abonnement (Note 3) | -3 589.78 |
| Provisions for other commissions and fees (Note 2) | 	-10 546.98	 |
| Total provisions | -60 591.43 |
| Total Liabilities | -333 439.37 |
|  |  |
| Net assets at the end of the period | 96 543 521.20 |
| Statement of Operations | CHF |
| Income | 1.6.2019-30.11.2019 |
| Interest on liquid assets | 4 271.99 |
| Interest on securities | 322 550.64 |
| Interest received on swaps (Note 1) | 20 330.75 |
| Dividends | 108 359.00 |
| Income on securities lending (Note 12) | 9 303.82 |
| Other income (Note 4) | 3 587.90 |
| Total income | 468 404.10 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -337.07 |
| Cost on securities lending (Note 12) | -3 721.53 |
| Flat fee (Note 2) | -625 291.18 |
| Taxe d’abonnement (Note 3) | -11 516.08 |
| Other commissions and fees (Note 2) | -10 230.05 |
| Interest on cash and bank overdraft | -1 747.88 |
| Total expenses | -652 843.79 |
|  |  |
| Net income (loss) on investments | -184 439.69 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 2 099 100.62 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | -5 583.97 |
| Realized gain (loss) on financial futures | -78 062.17 |
| Realized gain (loss) on forward foreign exchange contracts | -129 111.87 |
| Realized gain (loss) on swaps | 82 403.63 |
| Realized gain (loss) on foreign exchange | -315 822.28 |
| Total realized gain (loss) | 1 652 923.96 |
|  |  |
| Net realized gain (loss) of the period | 1 468 484.27 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 451 262.42 |
| Unrealized appreciation (depreciation) on options | -91 746.71 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | 2 431.04 |
| Unrealized appreciation (depreciation) on financial futures | -107 387.38 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -152 687.24 |
| Unrealized appreciation (depreciation) on swaps | -50 200.36 |
| Total changes in unrealized appreciation (depreciation) | 51 671.77 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 1 520 156.04 |

UBS (Lux) Strategy SICAV – Income (CHF) Semi-Annual Report as of 30 November 2019
| Statement of Changes in Net Assets |  |
| --- | --- |
|  |  | CHF |
|  |  | 1.6.2019-30.11.2019 |
| Net assets at the beginning of the period |  | 102 171 516.65 |
| Subscriptions |  | 769 722.22 |
| Redemptions |  | 	-7 402 025.44	 |
| Total net subscriptions (redemptions) |  | -6 632 303.22 |
| Dividend paid |  | -515 848.27 |
| Net income (loss) on investments |  | -184 439.69 |
| Total realized gain (loss) |  | 1 652 923.96 |
| Total changes in unrealized appreciation (depreciation) |  | 	51 671.77	 |
| Net increase (decrease) in net assets as a result of operations |  | 1 520 156.04 |
| Net assets at the end of the period |  | 96 543 521.20 |
| Changes in the Number of Shares outstanding |  |  |
|  |  | 1.6.2019-30.11.2019 |
| Class |  | P-acc |
| Number of shares outstanding at the beginning of the period |  | 527 042.0760 |
| Number of shares issued |  | 6 197.1990 |
| Number of shares redeemed |  | -34 829.6470 |
| Number of shares outstanding at the end of the period |  | 498 409.6280 |
| Class |  | P-dist |
| Number of shares outstanding at the beginning of the period |  | 394 930.3790 |
| Number of shares issued |  | 691.1060 |
| Number of shares redeemed |  | -33 064.8270 |
| Number of shares outstanding at the end of the period |  | 362 556.6580 |
| Class |  | Q-acc |
| Number of shares outstanding at the beginning of the period |  | 42 301.7850 |
| Number of shares issued |  | 191.2770 |
| Number of shares redeemed |  | -1 763.4000 |
| Number of shares outstanding at the end of the period |  | 40 729.6620 |
| Class |  | Q-dist |
| Number of shares outstanding at the beginning of the period |  | 32 372.9400 |
| Number of shares issued |  | 254.3490 |
| Number of shares redeemed |  | -2 156.6530 |
| Number of shares outstanding at the end of the period |  | 30 470.6360 |
| Annual Distribution 1 |  |  |
| UBS (Lux) Strategy SICAV – Income (CHF)	Ex-Date | Pay-Date | Currency	Amount per share |
| P-dist	1.8.2019 | 6.8.2019 | CHF	1.20 |
| Q-dist	1.8.2019 | 6.8.2019 | CHF	1.73 |
| 1  See note 5 |  |  |

UBS (Lux) Strategy SICAV – Income (CHF) 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 CHF | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Notes, fixed rate |  |  |  |
| CHF |  |  |  |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT 1.50000% 13-04.02.20 | 50 000.00 | 50 185.00 | 0.05 |
| CHF	EUROPEAN INVESTMENT BANK 1.62500% 11-23.11.23 | 300 000.00 | 327 600.00 | 0.34 |
| Total CHF |  | 377 785.00 | 0.39 |
| Total Notes, fixed rate |  | 377 785.00 | 0.39 |
| Notes, zero coupon |  |  |  |
| CHF |  |  |  |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO-REG-S 0.00000% 19-16.08.23 | 200 000.00 | 203 960.00 | 0.21 |
| Total CHF |  | 203 960.00 | 0.21 |
| Total Notes, zero coupon |  | 203 960.00 | 0.21 |
| Medium term notes, fixed rate |  |  |  |
| CHF |  |  |  |
| CHF	ABN AMRO BANK NV 2.62500% 11-27.04.21 | 200 000.00 | 209 160.00 | 0.22 |
| CHF	ADCB FINANCE CAYMAN LTD-REG-S 0.37500% 18-23.01.23 | 150 000.00 | 150 375.00 | 0.16 |
| CHF	ADCB FINANCE CAYMAN LTD 0.72500% 18-15.02.24 | 50 000.00 | 50 718.75 | 0.05 |
| CHF	AMP GROUP FINANCE SERVICES LTD-REG-S 0.80000% 19-18.07.23 | 100 000.00 | 101 400.00 | 0.10 |
| CHF	AUCKLAND COUNCIL 1.12500% 13-07.02.24 | 150 000.00 | 160 575.00 | 0.17 |
| CHF	BANCO DE CREDITO E INVERSIONES-REG-S 0.40000% 19-22.11.24 | 50 000.00 | 50 609.37 | 0.05 |
| CHF	BANCO SANTANDER CHILE-REG-S 0.38400% 19-27.09.24 | 100 000.00 | 100 950.00 | 0.10 |
| CHF	BANK NEDERLANDSE GEMEENTEN NV 1.25000% 14-30.04.24 | 200 000.00 | 216 900.00 | 0.22 |
| CHF	BANK OF MONTREAL-REG-S 0.05000% 18-30.12.22 | 200 000.00 | 202 600.00 | 0.21 |
| CHF	BANK OF NOVA SCOTIA-REG-S 0.20000% 18-19.11.25 | 200 000.00 | 207 500.00 | 0.21 |
| CHF	BANQUE FEDERTIVE DU CREDIT MUTUEL-REG-S 0.36600% 18-10.10.24 | 120 000.00 | 123 060.00 | 0.13 |
| CHF	BMW INTERNATIONAL INVESTMENT BV-REG-S 0.30000% 19-05.09.24 | 120 000.00 | 122 520.00 | 0.13 |
| CHF	BNP PARIBAS HOME LOAN COVERED BONDS SFH 2.37500% 11-07.10.20 | 50 000.00 | 51 270.00 | 0.05 |
| CHF	BPCE SA-REG-S 0.50000% 19-08.11.23 | 100 000.00 | 102 450.00 | 0.11 |
| CHF	CAISSE DE REFINANCEMENT DE L’HABITAT 2.50000% 11-29.03.21 | 100 000.00 | 104 160.00 | 0.11 |
| CHF	CBQ FINANCE LTD-REG-S 0.69700% 18-22.03.21 | 300 000.00 | 301 500.00 | 0.31 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT 0.19400% 15-19.11.21 | 300 000.00 | 303 900.00 | 0.31 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT-REG-S 0.20000% 19-25.03.24 | 150 000.00 | 152 625.00 | 0.16 |
| CHF	CITIGROUP INC-REG-S 0.50000% 19-01.11.28 | 200 000.00 | 204 900.00 | 0.21 |
| CHF	COMMONWEALTH BANK OF AUSTRALIA 1.50000% 14-07.02.22 | 140 000.00 | 145 810.00 | 0.15 |
| CHF	CORP ANDINA DE FOMENTO 1.37500% 13-11.02.21 | 250 000.00 | 255 175.00 | 0.26 |
| CHF	CORPORACION ANDINA DE FOMENTO 2.00000% 14-05.02.24 | 100 000.00 | 108 700.00 | 0.11 |
| CHF	CORPORACION ANDINA DE FOMENTO 0.50000% 15-26.02.26 | 350 000.00 | 359 450.00 | 0.37 |
| CHF	CREDIT AGRICOLE HOME LOAN SFH SA-REG-S 0.25000% 18-08.12.25 | 500 000.00 | 518 500.00 | 0.54 |
| CHF	CREDIT AGRICOLE HOME LOAN SFH SA-REG-S 0.50000% 18-03.10.28 | 100 000.00 | 106 450.00 | 0.11 |
| CHF	CREDIT AGRICOLE SA LONDON-REG-S 1.00000% 14-08.10.21 | 200 000.00 | 205 500.00 | 0.21 |
| CHF	CREDIT SUISSE LONDON BRANCH-REG-S 1.00000% 14-24.09.21 | 300 000.00 | 307 800.00 | 0.32 |
| CHF	DANSKE BANK AS-REG-S 0.62500% 19-24.11.22 | 200 000.00 | 203 200.00 | 0.21 |
| CHF	DEUTSCHE BAHN FINANCE BV 1.37500% 13-24.07.23 | 50 000.00 | 53 625.00 | 0.06 |
| CHF	DEUTSCHE BAHN FINANCE GMBH-REG-S 0.50000% 18-18.07.28 | 200 000.00 | 212 530.00 | 0.22 |
| CHF	DNB BANK ASA-REG-S 0.05000% 19-13.03.24 | 200 000.00 | 203 400.00 | 0.21 |
| CHF	DVB BANK SE 0.57500% 15-17.06.22 | 150 000.00 | 150 825.00 | 0.16 |
| CHF	ENEL FINANCE INTERNATIONAL NV 3.00000% 11-23.06.20 | 100 000.00 | 101 900.00 | 0.11 |
| CHF	EXPORT-IMPORT BANK OF KOREA-REG-S 0.25300% 18-06.03.23 | 500 000.00 | 509 000.00 | 0.53 |
| CHF	EXPORT-IMPORT BANK OF KOREA-REG-S 0.38250% 18-11.07.24 | 120 000.00 | 123 420.00 | 0.13 |
| CHF	FIRST ABU DHABI BANK PJSC-REG-S 0.07000% 19-18.10.27 | 250 000.00 | 247 625.00 | 0.26 |
| CHF	FIRST ABU DHABI BANK PJSC-REG-S 0.20500% 19-04.12.25 | 100 000.00 | 100 839.00 | 0.10 |
| CHF	HYPO NOE GRUPPE BANK AG-REG-S 0.10000% 19-27.11.24 | 100 000.00 | 100 900.00 | 0.10 |
| CHF	HYUNDAI CAPITAL SERVICES INC-REG-S 0.73250% 19-26.02.24 | 100 000.00 | 102 312.50 | 0.11 |
| CHF	INSTITUTO DE CREDITO OFICIAL 3.25000% 07-28.06.24 | 150 000.00 | 174 000.00 | 0.18 |
| CHF	JACKSON NATIONAL LIFE GLOBAL FUND-REG-S 0.30000% 18-18.12.23 | 100 000.00 | 102 400.00 | 0.11 |
| CHF	JPMORGAN CHASE & CO 0.50000% 15-04.12.23 | 50 000.00 | 51 600.00 | 0.05 |
| CHF	KOREA GAS CORP-REG-S 0.20750% 18-02.08.23 | 100 000.00 | 101 700.00 | 0.11 |
| CHF	KOREA NATIONAL OIL CORP-REG-S 0.37300% 18-01.06.23 | 200 000.00 | 204 800.00 | 0.21 |
| CHF	LUZERNER KANTONALBANK-REG-S 0.10000% 18-08.05.24 | 100 000.00 | 102 400.00 | 0.11 |
| CHF	MUENCHENER HYPOTHEKENBANK EG-REG-S 0.00100% 19-19.02.24 | 250 000.00 | 256 125.00 | 0.26 |
| CHF	MUNICIPALITY FINANCE PLC 0.87500% 13-01.02.23 | 200 000.00 | 209 900.00 | 0.22 |
| CHF	NATIONAL AUSTRALIA BANK LTD 0.25000% 18-13.03.24 | 350 000.00 | 358 925.00 | 0.37 |
| CHF	NATWEST MARKETS PLC-REG-S 0.12500% 19-13.09.23 | 200 000.00 | 199 400.00 | 0.21 |
| CHF	NEDERLANDSE WATERSCHAPSBANK NV 2.37500% 06-27.01.23 | 200 000.00 | 219 400.00 | 0.23 |
| CHF	NEDERLANDSE WATERSCHAPSBANK NV 1.37500% 12-13.09.27 | 100 000.00 | 114 350.00 | 0.12 |
| CHF	NEW YORK LIFE GLOBAL FUNDING 0.37500% 15-02.02.22 | 400 000.00 | 408 200.00 | 0.42 |
| CHF	ONTARIO, PROVINCE OF 0.25000% 17-28.06.29 | 200 000.00 | 209 300.00 | 0.22 |
| CHF	PETROLEOS MEXICANOS 1.50000% 15-08.12.20 | 470 000.00 | 475 076.00 | 0.49 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 0.25000% 17-12.10.27 | 200 000.00 | 208 480.00 | 0.22 |
| CHF	RABOBANK NEDERLAND NV 2.00000% 10-16.09.21 | 150 000.00 | 156 825.00 | 0.16 |
| CHF	RABOBANK NEDERLAND NV 1.12500% 14-08.04.21 | 250 000.00 | 255 750.00 | 0.26 |
| CHF	ROYAL BANK OF CANADA 2.25000% 11-21.04.21 | 200 000.00 | 208 020.00 | 0.22 |
| CHF	ROYAL BANK OF CANADA-REG-S 0.10000% 18-18.07.23 | 100 000.00 | 101 450.00 | 0.10 |
| CHF	SANTANDER CONSUMER FINANCE SA 0.50000% 15-05.10.20 | 100 000.00 | 100 870.00 | 0.10 |
| CHF	SHELL INTERNATIONAL FINANCE BV 0.37500% 15-21.08.23 | 100 000.00 | 103 000.00 | 0.11 |
| CHF	TRANSURBAN QUEENSLAND FINANCE PTY LTD 0.62500% 16-23.06.23 | 120 000.00 | 122 100.00 | 0.13 |
| CHF	UBS GROUP AG-REG-S 0.87500% 19-30.01.25 | 200 000.00 | 207 500.00 | 0.21 |
| CHF	VERIZON COMMUNICATIONS INC-REG-S 0.37500% 17-31.05.23 | 100 000.00 | 102 350.00 | 0.11 |
| CHF	WESTPAC SECURITIES NZ LTD/LONDON-REG-S 0.62500% 14-02.09.20 | 250 000.00 | 252 300.00 | 0.26 |
| Total CHF |  | 12 040 355.62 | 12.47 |
| Total Medium term notes, fixed rate |  | 12 040 355.62 | 12.47 |

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

Medium term notes, zero coupon
| CHF |  |
| --- | --- |
| CHF | BANK OF THE PHILIPPINE ISLANDS-REG-S 0.00000% 19-24.09.21 | 80 000.00 | 79 600.00 | 0.08 |
| CHF | HYPO NOE GRUPPE BANK AG 0.00000% 17-30.12.20 | 100 000.00 | 100 440.00 | 0.10 |
| CHF | KOREA HYDRO & NUCLEAR POWER CO-REG-S 0.00000% 19-19.07.24 | 300 000.00 | 303 600.00 | 0.32 |
| CHF | NATIONWIDE BUILDING SOCIETY-REG-S 0.00000% 19-11.07.25 | 150 000.00 | 154 350.00 | 0.16 |
| Total CHF |  |  | 637 990.00 | 0.66 |
| Total Medium term notes, zero coupon |  | 637 990.00 | 0.66 |
| Bonds, fixed rate |  |  |  |
| CHF |  |  |  |
| CHF	AARGAUISCHE KANTONALBANK 0.15000% 15-18.05.22 | 200 000.00 | 203 400.00 | 0.21 |
| CHF	APPLE INC-REG-S 0.37500% 15-25.11.24 | 600 000.00 | 622 500.00 | 0.64 |
| CHF	BASLER KANTONALBANK 0.15000% 19-02.04.27 | 100 000.00 | 103 350.00 | 0.11 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT 1.12500% 14-24.02.23 | 200 000.00 | 209 000.00 | 0.22 |
| CHF	DEUTSCHE PFANDBRIEFBANK AG-REG-S 0.12500% 19-05.06.23 | 150 000.00 | 150 750.00 | 0.16 |
| CHF	EUROPEAN INVESTMENT BANK 2.62500% 10-11.02.25 | 200 000.00 | 234 100.00 | 0.24 |
| CHF	EUROPEAN INVESTMNT BANK 1.62500% 12-02.04.26 | 200 000.00 | 228 100.00 | 0.24 |
| CHF	GAZ CAPITAL SA/GAZPROM-REG-S 1.45000% 18-06.03.23 | 135 000.00 | 138 923.44 | 0.14 |
| CHF	GENERAL ELECTRIC CO 3.12500% 04-06.12.19 | 300 000.00 | 300 060.00 | 0.31 |
| CHF	GOLDMAN SACHS GROUP INC 1.62500% 13-06.02.20 | 210 000.00 | 210 861.00 | 0.22 |
| CHF	GRAUBUENDNER KANTONALBANK 1.37500% 13-11.03.25 | 250 000.00 | 274 375.00 | 0.28 |
| CHF	KAZAKHSTAN TEMIR ZHOLY NATIONAL CO JSC 3.25000% 18-05.12.23 | 40 000.00 | 43 580.00 | 0.05 |
| CHF	KEB HANA BANK-REG-S 0.40750% 18-14.09.23 | 100 000.00 | 101 600.00 | 0.11 |
| CHF	MONDELEZ INTERNATIONAL INC-REG-S 0.61700% 17-30.09.24 | 200 000.00 | 206 700.00 | 0.21 |
| CHF	MONDELEZ INTL 0.62500% 15-06.10.20 | 100 000.00 | 100 830.00 | 0.10 |
| CHF	MONDELEZ INTL-REG-S 0.62500% 15-30.12.21 | 100 000.00 | 102 050.00 | 0.11 |
| CHF	NEW BRUNSWICK, PROVINCE OF 0.20000% 16-07.11.31 | 100 000.00 | 103 100.00 | 0.11 |
| CHF	NEW BRUNSWICK, PROVINCE OF 0.25000% 17-19.01.29 | 100 000.00 | 104 500.00 | 0.11 |
| CHF	OESTERREICHISCHE KONTROLLBANK AG 2.62500% 06-22.11.24 | 200 000.00 | 232 800.00 | 0.24 |
| CHF	OESTERREICHISCHE KONTROLLBANK AG 1.00000% 12-28.09.21 | 100 000.00 | 103 100.00 | 0.11 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONALBANKEN 0.01000% 17-05.02.24 | 100 000.00 | 102 350.00 | 0.11 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONAL-REG-S 0.25000% 18-20.07.26 | 50 000.00 | 52 095.00 | 0.05 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONAL-REG-S 0.12500% 18-31.10.24 | 100 000.00 | 102 980.00 | 0.11 |
| CHF	ROCHE KAPITALMARKT AG 0.10000% 17-23.09.24 | 150 000.00 | 154 275.00 | 0.16 |
| CHF	ST GALLER KANTONALBANK 1.37500% 12-22.06.27 | 150 000.00 | 168 900.00 | 0.18 |
| CHF	UBS GROUP AG-REG-S 0.62500% 17-18.05.24 | 200 000.00 | 205 000.00 | 0.21 |
| CHF	ZUERCHER KANTONALBANK 1.50000% 14-27.01.23 | 200 000.00 | 212 800.00 | 0.22 |
| CHF	ZUERCHER KANTONALBANK 0.04000% 15-09.12.22 | 200 000.00 | 203 500.00 | 0.21 |
| CHF	ZUERCHER KANTONALBANK 0.03000% 16-11.02.22 | 50 000.00 | 50 625.00 | 0.05 |
| CHF	ZUERICH, CITY OF-REG-S 2.75000% 05-14.02.25 | 300 000.00 | 351 300.00 | 0.36 |
| CHF	ZUGER KANTONALBANK 0.12500% 19-03.12.29 | 200 000.00 | 205 448.00 | 0.21 |
| Total CHF |  | 5 582 952.44 | 5.79 |
| EUR |  |  |  |
| EUR	GERMANY, REPUBLIC OF 1.50000% 13-15.02.23 | 780 000.00 | 919 373.97 | 0.95 |
| EUR	GERMANY, REPUBLIC OF 2.00000% 13-15.08.23 | 750 000.00 | 908 184.34 | 0.94 |
| EUR	GERMANY, REPUBLIC OF 3.25000% 09-04.01.20 | 95 000.00 | 105 034.82 | 0.11 |
| EUR	GERMANY, REPUBLIC OF 3.25000% 11-04.07.21 | 400 000.00 | 468 088.85 | 0.48 |
| EUR	GERMANY, REPUBLIC OF-REG-S 1.75000% 12-04.07.22 | 400 000.00 | 468 352.42 | 0.49 |
| Total EUR |  | 2 869 034.40 | 2.97 |
| Total Bonds, fixed rate |  | 8 451 986.84 | 8.76 |
| Bonds, zero coupon |  |  |  |
| CHF |  |  |  |
| CHF	AARGAUISCHE KANTONALBANK 0.00000% 16-08.03.22 | 100 000.00 | 101 250.00 | 0.10 |
| CHF	BALOISE HOLDING AG-REG-S 0.00000% 19-23.09.22 | 300 000.00 | 301 890.00 | 0.31 |
| CHF	BASEL-STADT, CANTON OF 0.00000% 16-05.09.23 | 100 000.00 | 102 350.00 | 0.11 |
| CHF	BASEL-STADT, CANTON OF 0.00000% 16-04.09.26 | 100 000.00 | 103 600.00 | 0.11 |
| CHF	BASLER KANTONALBANK-REG-S 0.00000% 18-11.04.22 | 350 000.00 | 354 725.00 | 0.37 |
| CHF	KOREA GAS CORP-REG-S 0.00000% 19-28.11.23 | 200 000.00 | 202 400.00 | 0.21 |
| CHF	KOREA NATIONAL OIL CORP-REG-S 0.00000% 19-04.10.24 | 350 000.00 | 355 250.00 | 0.37 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 0.00000% 16-05.07.22 | 300 000.00 | 304 350.00 | 0.31 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONALBANKEN 0.00000% 15-25.07.23 | 150 000.00 | 152 910.00 | 0.16 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONALBANKEN 0.00000% 16-07.11.22 | 200 000.00 | 203 300.00 | 0.21 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONALBANKEN 0.00000% 16-14.06.24 | 150 000.00 | 153 360.00 | 0.16 |
| CHF	VALIANT BANK AG-REG-S 0.00000% 19-31.10.25 | 200 000.00 | 204 900.00 | 0.21 |
| Total CHF |  | 2 540 285.00 | 2.63 |
| Total Bonds, zero coupon |  | 2 540 285.00 | 2.63 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 400 000.00 | 544 349.07 | 0.56 |
| USD	AMERICA, UNITED STATES OF 4.37500% 08-15.02.38 | 271 000.00 | 368 510.85 | 0.38 |
| USD	AMERICA, UNITED STATES OF 4.37500% 11-15.05.41 | 400 000.00 | 553 436.87 | 0.57 |
| USD	AMERICA, UNITED STATES OF 3.00000% 18-15.08.48 | 1 155 000.00 | 1 348 668.11 | 1.40 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 2 575 000.00 | 2 668 117.04 | 2.76 |
| USD	AMERICA, UNITED STATES OF 2.75000% 14-15.02.24 | 760 000.00 | 793 832.10 | 0.82 |
| USD	AMERICA, UNITED STATES OF 3.62500% 10-15.02.20 | 1 631 000.00 | 1 635 924.67 | 1.70 |
| USD	AMERICA, UNITED STATES OF 2.62500% 10-15.11.20 | 223 000.00 | 224 796.32 | 0.23 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 1 020 000.00 | 1 010 218.71 | 1.05 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 810 000.00 | 802 264.12 | 0.83 |
| USD	AMERICA, UNITED STATES OF 1.75000% 13-15.05.23 | 3 795 000.00 | 3 809 569.69 | 3.95 |
| Total USD |  | 13 759 687.55 | 14.25 |
| Total Treasury notes, fixed rate |  | 13 759 687.55 | 14.25 |

UBS (Lux) Strategy SICAV – Income (CHF) Semi-Annual Report as of 30 November 2019
| Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 130 000.00 | 196 300.18 | 0.20 |
| USD	AMERICA, UNITED STATES OF 0.500%/CPI LINKED 18-15.01.28 | 250 000.00 | 266 167.45 | 0.28 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 220 000.00 | 243 671.40 | 0.25 |
| USD	AMERICA, UNITED STATES OF 1.125%/CPI LINKED 11-15.01.21 | 110 000.00 | 129 882.08 | 0.14 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.01.22 | 120 000.00 | 135 238.74 | 0.14 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 13-15.01.23 | 120 000.00 | 132 595.52 | 0.14 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 50 000.00 | 53 734.65 | 0.06 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 250 000.00 | 274 052.96 | 0.28 |
| Total USD |  | 1 431 642.98 | 1.49 |
| Total Treasury notes, floating rate |  | 1 431 642.98 | 1.49 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 39 443 692.99 | 40.86 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 310 000.00 | 310 899.72 | 0.32 |
| Total USD |  | 310 899.72 | 0.32 |
| Total Treasury notes, fixed rate |  | 310 899.72 | 0.32 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 14-15.01.24 | 120 000.00 | 134 047.62 | 0.14 |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25 | 150 000.00 | 162 918.30 | 0.17 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 200 000.00 | 222 794.82 | 0.23 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 150 000.00 | 166 735.06 | 0.17 |
| Total USD |  | 686 495.80 | 0.71 |
| Total Treasury notes, floating rate | 686 495.80 | 0.71 |
| Total Transferable securities and money market instruments traded on another regulated market | 997 395.52 | 1.03 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |  |
| Investment funds, open end |  |  |
| Ireland |  |  |
| USD	SOURCE MARKETS PLC - MSCI USA SOURCE ETF-A	7 800.00 | 658 164.91 | 0.68 |
| USD	UBS ETFS PLC - MSCI USA TRN INDEX SF (USD) A-ACC	7 800.00 | 659 061.33 | 0.68 |
| Total Ireland | 1 317 226.24 | 1.36 |
| Luxembourg |  |  |
| EUR | UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 13 445.00 | 1 971 260.10 | 2.04 |
| EUR | UBS (LUX) BOND SICAV - EUR CORPORATES (EUR) U-X-ACC | 719.00 | 9 770 798.51 | 10.12 |
| USD | UBS (LUX) BOND SICAV - SHORT TERM USD CORPORATES (USD) U-X-A | 114.00 | 1 238 369.98 | 1.28 |
| USD | UBS (LUX) BOND SICAV - USD CORPORATES U-X-ACC | 69.00 | 822 288.78 | 0.85 |
| USD | UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC | 152.00 | 3 004 181.93 | 3.11 |
| USD | UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS | 18 499.00 | 1 971 635.95 | 2.04 |
| USD | UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC | 1 378.00 | 15 739 613.60 | 16.31 |
| USD | UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD)-U-X ACC | 467.00 | 6 361 903.33 | 6.59 |
| USD | UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC | 207.00 | 2 251 955.91 | 2.33 |
| USD | UBS (LUX) EQUITY SICAV - GLOBAL QUANTITATIVE (USD) U-X-ACC | 228.39 | 3 520 011.86 | 3.65 |
| USD | UBS (LUX) INST FUND-KEY SEL. GLOBAL EQUITY FA-USD | 199.52 | 5 095 971.63 | 5.28 |
| USD | UBS (LUX) INSTITUTION SICAV - EQUITIES GLB (EX USA) PASSIVE XA | 7 435.00 | 761 072.03 | 0.79 |
| Total Luxembourg |  | 52 509 063.61 | 54.39 |
| Total Investment funds, open end |  | 53 826 289.85 | 55.75 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  | 53 826 289.85 | 55.75 |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Options on indices, classic-styled |  |  |  |
| USD |  |  |  |
| USD	S&P 500 INDEX PUT 2700.00000 20.12.19 | 8.00 | 791.49 | 0.00 |
| Total USD |  | 791.49 | 0.00 |
| Total Options on indices, classic-styled |  | 791.49 | 0.00 |
| Total Derivative instruments listed on an official stock exchange |  | 791.49 | 0.00 |
| Total investments in securities |  | 94 268 169.85 | 97.64 |

UBS (Lux) Strategy SICAV – Income (CHF) Semi-Annual Report as of 30 November 2019
| Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Derivative instruments |  |  |  |
| Derivative instruments listed on an official stock exchange Financial Futures on Indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 20.12.19 | -136.00 | -295 932.80 | -0.30 |
| CHF	SWISS MARKET INDEX FUTURE 20.12.19 | 51.00 | 264 817.50 | 0.28 |
| GBP	FTSE 100 INDEX FUTURE 20.12.19 | 31.00 | 28 093.32 | 0.03 |
| USD	S&P500 EMINI FUTURE 20.12.19 | -1.00 | -6 493.28 | -0.01 |
| AUD	SPI 200 INDEX FUTURE 19.12.19 | -2.00 | -7 435.56 | -0.01 |
| CAD	S&P/TSX 60 INDEX FUTURE 19.12.19 | -2.00 | -6 515.62 | -0.01 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 12.12.19 | 4.00 | 80 214.47 | 0.08 |
| Total Financial Futures on Indices |  | 56 748.03 | 0.06 |
| Total Derivative instruments listed on an official stock exchange |  | 56 748.03 | 0.06 |
| Total Derivative instruments |  | 56 748.03 | 0.06 |
| Forward Foreign Exchange contracts Forward Foreign Exchange contracts (Purchase/Sale) |  |  |  |

| CHF | 26 905 163.07 | USD | 27 145 810.68 | 9.1.2020 | -127 477.87 | -0.13 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 9 662 623.45 | EUR | 8 799 722.65 | 9.1.2020 | -29 068.51 | -0.03 |
| NOK | 17 566 351.27 | CHF | 1 906 500.77 | 9.1.2020 | -6 186.44 | -0.01 |
| CHF | 1 092 258.45 | CAD | 1 456 583.48 | 9.1.2020 | -207.02 | 0.00 |
| CHF | 51 484.36 | DKK | 350 000.00 | 9.1.2020 | -125.25 | 0.00 |
| JPY | 37 928 810.00 | CHF | 349 197.09 | 9.1.2020 | -3 148.47 | 0.00 |
| GBP | 432 988.36 | CHF | 544 280.22 | 9.1.2020 | 14 396.49 | 0.02 |
| CHF | 9 261.31 | ZAR | 140 000.00 | 9.1.2020 | -199.86 | 0.00 |
| CHF | 1 685 322.47 | AUD | 2 506 872.08 | 9.1.2020 | -5 128.47 | -0.01 |
| SGD | 45 000.00 | CHF | 32 581.78 | 9.1.2020 | 201.25 | 0.00 |
| NZD | 10 000.00 | CHF | 6 238.68 | 9.1.2020 | 157.57 | 0.00 |
| CHF | 54 777.72 | SEK | 540 480.13 | 9.1.2020 | -1 599.35 | 0.00 |
| CHF | 102 422.14 | HKD | 810 000.00 | 9.1.2020 | -580.07 | 0.00 |
| USD | 95 000.00 | CHF | 94 062.16 | 9.1.2020 | 541.79 | 0.00 |
| USD | 126 000.00 | CHF | 123 606.00 | 9.1.2020 | 1 868.71 | 0.00 |
| USD | 54 000.00 | CHF | 53 029.24 | 9.1.2020 | 745.64 | 0.00 |
| USD | 128 000.00 | CHF | 125 852.42 | 9.1.2020 | 1 613.95 | 0.00 |
| EUR | 50 000.00 | CHF | 55 068.85 | 9.1.2020 | -0.68 | 0.00 |
| USD | 986 000.00 | CHF | 972 102.33 | 9.1.2020 | 9 787.08 | 0.01 |
| EUR | 846 517.94 | NOK | 8 665 000.00 | 9.1.2020 | -5 064.90 | -0.01 |
| GBP | 757 000.00 | CHF | 960 175.02 | 9.1.2020 | 16 567.80 | 0.02 |
| CAD | 1 232 741.27 | NOK | 8 665 000.00 | 9.1.2020 | -12 832.84 | -0.01 |
| AUD | 55 000.00 | CHF | 37 234.45 | 9.1.2020 | -146.48 | 0.00 |
| CHF | 77 639.61 | JPY | 8 500 000.00 | 9.1.2020 | 88.71 | 0.00 |
| CAD | 75 000.00 | CHF | 56 855.03 | 9.1.2020 | -603.60 | 0.00 |
| HKD | 265 000.00 | CHF | 33 454.13 | 9.1.2020 | 244.12 | 0.00 |
| CHF | 61 799.95 | NOK | 575 000.00 | 9.1.2020 | -403.11 | 0.00 |
| EUR | 53 000.00 | CHF | 58 459.21 | 9.1.2020 | -86.95 | 0.00 |
| CHF | 52 381.48 | EUR | 47 500.00 | 9.1.2020 | 66.72 | 0.00 |
| USD | 1 050 000.00 | CHF | 1 030 862.70 | 9.1.2020 | 14 759.89 | 0.02 |
| CHF | 8 215 076.95 | EUR | 7 456 294.59 | 15.1.2020 | 3 342.98 | 0.00 |
| CHF | 1 467 788.43 | AUD | 2 148 075.28 | 15.1.2020 | 19 667.45 | 0.02 |
| CHF | 34 036.34 | NOK | 314 397.44 | 15.1.2020 | 38.63 | 0.00 |
| GBP | 1 143 856.67 | CHF | 1 455 768.08 | 15.1.2020 | 19 764.81 | 0.02 |
| JPY | 29 421 010.00 | CHF | 267 512.61 | 15.1.2020 | 887.59 | 0.00 |
| CHF | 182 476.45 | CAD | 242 938.17 | 15.1.2020 | 339.72 | 0.00 |
| CHF | 50 925.21 | SEK | 493 849.32 | 15.1.2020 | -581.16 | 0.00 |
| CHF | 67 291.76 | HKD | 535 000.00 | 15.1.2020 | -711.50 | 0.00 |
| CHF | 51 646.02 | DKK | 350 000.00 | 15.1.2020 | 36.33 | 0.00 |
| CHF | 90 886.35 | SGD | 125 000.00 | 15.1.2020 | -146.81 | 0.00 |
| CHF | 24 588 693.17 | USD | 24 960 555.53 | 15.1.2020 | -257 679.89 | -0.27 |
| CHF | 86 551.49 | GBP | 68 000.00 | 15.1.2020 | -1 166.00 | 0.00 |
| CHF | 86 573.52 | GBP | 68 000.00 | 9.1.2020 | -1 165.60 | 0.00 |
| IDR | 14 607 740 000.00 | USD | 1 031 547.21 | 16.1.2020 | -1 164.67 | 0.00 |
| INR | 71 450 000.00 | USD | 988 311.78 | 16.1.2020 | 3 801.46 | 0.00 |
| USD | 1 061 450.67 | TWD | 32 180 000.00 | 16.1.2020 | 3 362.32 | 0.00 |
| CHF | 26 242.48 | GBP | 20 500.00 | 9.1.2020 | -208.28 | 0.00 |
| CHF | 26 235.90 | GBP | 20 500.00 | 15.1.2020 | -208.34 | 0.00 |
| CHF | 112 525.98 | USD | 114 000.00 | 9.1.2020 | -998.76 | 0.00 |
| CHF | 112 478.67 | USD | 114 000.00 | 15.1.2020 | -999.84 | 0.00 |
| CHF | 114 216.74 | USD | 115 000.00 | 9.1.2020 | -303.83 | 0.00 |
| CHF | 114 169.01 | USD | 115 000.00 | 15.1.2020 | -304.92 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | -346 218.46 | -0.36 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 2 683 787.77 | 2.78 |
| Other assets and liabilities | -118 965.99 | -0.12 |
| Total net assets | 96 543 521.20 | 100.00 |

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

Translation (ENDE, 2019-11-30):
# UBS (Lux) Strategy SICAV – Income (CHF)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Nettovermögen in CHF |  | 96 543 521.20 | 102 171 516.65 | 131 864 793.04 |
| Klasse P-acc | LU0994951381 |  |  |  |
| Aktien im Umlauf |  | 498 409.6280 | 527 042.0760 | 655 677.0710 |
| Nettoinventarwert pro Aktie in CHF |  | 105.93 | 104.38 | 104.79 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 105.93 | 104.38 | 104.67 |
| Klasse P-dist | LU0994669108 |  |  |  |
| Aktien im Umlauf |  | 362 556.6580 | 394 930.3790 | 536 076.2700 |
| Nettoinventarwert pro Aktie in CHF |  | 100.50 | 100.21 | 101.43 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 100.50 | 100.21 | 101.32 |
| Klasse Q-acc | LU1240800968 |  |  |  |
| Aktien im Umlauf |  | 40 729.6620 | 42 301.7850 | 46 670.7960 |
| Nettoinventarwert pro Aktie in CHF |  | 105.26 | 103.44 | 103.27 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 105.26 | 103.44 | 103.16 |
| Klasse Q-dist | LU1240801008 |  |  |  |
| Aktien im Umlauf |  | 30 470.6360 | 32 372.9400 | 39 508.4240 |
| Nettoinventarwert pro Aktie in CHF |  | 99.14 | 99.12 | 100.34 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 99.14 | 99.12 | 100.23 |
| 1  Siehe Erläuterung 1 |  |  |  |  |

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

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Luxemburg | 55.46 |
| --- | --- |
| Vereinigte Staaten | 19.27 |
| Schweiz | 5.28 |
| Deutschland | 3.77 |
| Südkorea | 2.08 |
| Niederlande | 1.50 |
| Irland | 1.36 |
| Supranational | 1.33 |
| Frankreich | 1.25 |
| Kanada | 1.18 |
| Australien | 0.75 |
| Grossbritannien | 0.69 |
| Österreich | 0.56 |
| Mexiko | 0.49 |
| Neuseeland | 0.43 |
| Vereinigte Arabische Emirate | 0.36 |
| Bermuda | 0.31 |
| Spanien | 0.28 |
| Finnland | 0.22 |
| Norwegen | 0.21 |
| Dänemark | 0.21 |
| Cayman-Inseln | 0.21 |
| Honduras | 0.16 |
| Chile | 0.16 |
| Philippinen | 0.08 |
| Kasachstan | 0.04 |
| Total | 97.64 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Anlagefonds | 55.75 |
| --- | --- |
| Länder- & Zentralregierungen | 19.74 |
| Banken & Kreditinstitute | 10.32 |
| Finanz- & Beteiligungsgesellschaften | 3.31 |
| Supranationale Organisationen | 2.31 |
| Pfandbriefinstitute & Refinanzierungsgesellschaften | 1.80 |
| Erdöl | 1.07 |
| Kantone, Bundesstaaten | 0.65 |
| Computer & Netzwerkausrüster | 0.64 |
| Städte, Gemeinden | 0.53 |
| Nahrungsmittel & Softdrinks | 0.42 |
| Öffentlich-rechtliche Körperschaften | 0.32 |
| Diverse Dienstleistungen | 0.31 |
| Versicherungen | 0.31 |
| Telekommunikation | 0.11 |
| Verkehr & Transport | 0.05 |
| Total | 97.64 |


## Nettovermögensaufstellung
Aktiva	30.11.2019
CHF
Wertpapierbestand, Einstandswert	85 467 282.56
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	8 800 887.29	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 94 268 169.85 |
| Bankguthaben, Sicht- und Fristgelder | 2 363 397.03 |
| Andere liquide Mittel (Margins) | 320 390.74 |
| Forderungen aus Zeichnungen | 4 688.72 |
| Zinsforderungen aus Wertpapieren | 188 584.84 |
| Sonstige Forderungen | 21 153.21 |
| Zinsforderungen aus liquiden Mitteln | 46.61 |
| Nicht realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten (Erläuterung 1) | 56 748.03 |
| Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1) | -346 218.46 |
| Total Aktiva | 96 876 960.57 |
|  |  |
| Passiva |  |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -201 346.00 |
| Verbindlichkeiten aus Rücknahmen | -71 501.94 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -46 454.67 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -3 589.78 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-10 546.98	 |
| Total Rückstellungen für Aufwendungen | -60 591.43 |
| Total Passiva | -333 439.37 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 96 543 521.20 |
| Ertrags- und Aufwandsrechnung | CHF |
| Erträge | 1.6.2019-30.11.2019 |
| Zinsertrag auf liquide Mittel | 4 271.99 |
| Zinsen auf Wertpapiere | 322 550.64 |
| Zinsertrag auf Swaps (Erläuterung 1) | 20 330.75 |
| Dividenden | 108 359.00 |
| Erträge aus Securities Lending (Erläuterung 12) | 9 303.82 |
| Sonstige Erträge (Erläuterung 4) | 3 587.90 |
| Total Erträge | 468 404.10 |
|  |  |
| Aufwendungen |  |
| Zinsaufwand auf Swaps (Erläuterung 1) | -337.07 |
| Kosten aus Securities Lending (Erläuterung 12) | -3 721.53 |
| Pauschale Verwaltungskommission (Erläuterung 2) | -625 291.18 |
| Abonnementsabgabe (Erläuterung 3) | -11 516.08 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -10 230.05 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -1 747.88 |
| Total Aufwendungen | -652 843.79 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | -184 439.69 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 2 099 100.62 |
| Realisierter Kursgewinn (-verlust) aus renditebewerteten Wertpapieren und Geldmarktinstrumenten | -5 583.97 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | -78 062.17 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | -129 111.87 |
| Realisierter Kursgewinn (-verlust) aus Swaps | 82 403.63 |
| Realisierter Währungsgewinn (-verlust) | -315 822.28 |
| Total der realisierten Gewinne (Verluste) | 1 652 923.96 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | 1 468 484.27 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 451 262.42 |
| Nicht realisierte Werterhöhung (-minderung) von Optionen | -91 746.71 |
| Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente | 2 431.04 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | -107 387.38 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | -152 687.24 |
| Nicht realisierte Werterhöhung (-minderung) von Swaps | -50 200.36 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 51 671.77 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 1 520 156.04 |

UBS (Lux) Strategy SICAV – Income (CHF) Halbjahresbericht per 30. November 2019
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  |  | CHF |
|  |  | 1.6.2019-30.11.2019 |
| Nettovermögen zu Beginn der Berichtsperiode |  | 102 171 516.65 |
| Zeichnungen |  | 769 722.22 |
| Rücknahmen |  | 	-7 402 025.44	 |
| Total Mittelzufluss (-abfluss) |  | -6 632 303.22 |
| Ausbezahlte Dividende |  | -515 848.27 |
| Nettoerträge (-verluste) aus Anlagen |  | -184 439.69 |
| Total der realisierten Gewinne (Verluste) |  | 1 652 923.96 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) |  | 	51 671.77	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit |  | 1 520 156.04 |
| Nettovermögen am Ende der Berichtsperiode |  | 96 543 521.20 |
| Entwicklung der Aktien im Umlauf |  |  |
|  |  | 1.6.2019-30.11.2019 |
| Klasse |  | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 527 042.0760 |
| Anzahl der ausgegebenen Aktien |  | 6 197.1990 |
| Anzahl der zurückgegebenen Aktien |  | -34 829.6470 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 498 409.6280 |
| Klasse |  | P-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 394 930.3790 |
| Anzahl der ausgegebenen Aktien |  | 691.1060 |
| Anzahl der zurückgegebenen Aktien |  | -33 064.8270 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 362 556.6580 |
| Klasse |  | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 42 301.7850 |
| Anzahl der ausgegebenen Aktien |  | 191.2770 |
| Anzahl der zurückgegebenen Aktien |  | -1 763.4000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 40 729.6620 |
| Klasse |  | Q-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 32 372.9400 |
| Anzahl der ausgegebenen Aktien |  | 254.3490 |
| Anzahl der zurückgegebenen Aktien |  | -2 156.6530 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 30 470.6360 |
| Jährliche Ausschüttung 1 |  |  |
| UBS (Lux) Strategy SICAV – Income (CHF)	Ex-Date | Pay-Date | Währung	Betrag pro Aktie |
| P-dist	1.8.2019 | 6.8.2019 | CHF	1.20 |
| Q-dist	1.8.2019 | 6.8.2019 | CHF	1.73 |
| 1  Siehe Erläuterung 5 |  |  |

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

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in CHF | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Notes, fester Zins |  |  |  |
| CHF |  |  |  |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT 1.50000% 13-04.02.20 | 50 000.00 | 50 185.00 | 0.05 |
| CHF	EUROPEAN INVESTMENT BANK 1.62500% 11-23.11.23 | 300 000.00 | 327 600.00 | 0.34 |
| Total CHF |  | 377 785.00 | 0.39 |
| Total Notes, fester Zins |  | 377 785.00 | 0.39 |
| Notes, Nullcoupon |  |  |  |
| CHF |  |  |  |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO-REG-S 0.00000% 19-16.08.23 | 200 000.00 | 203 960.00 | 0.21 |
| Total CHF |  | 203 960.00 | 0.21 |
| Total Notes, Nullcoupon |  | 203 960.00 | 0.21 |
| Medium-Term Notes, fester Zins |  |  |  |
| CHF |  |  |  |
| CHF	ABN AMRO BANK NV 2.62500% 11-27.04.21 | 200 000.00 | 209 160.00 | 0.22 |
| CHF	ADCB FINANCE CAYMAN LTD-REG-S 0.37500% 18-23.01.23 | 150 000.00 | 150 375.00 | 0.16 |
| CHF	ADCB FINANCE CAYMAN LTD 0.72500% 18-15.02.24 | 50 000.00 | 50 718.75 | 0.05 |
| CHF	AMP GROUP FINANCE SERVICES LTD-REG-S 0.80000% 19-18.07.23 | 100 000.00 | 101 400.00 | 0.10 |
| CHF	AUCKLAND COUNCIL 1.12500% 13-07.02.24 | 150 000.00 | 160 575.00 | 0.17 |
| CHF	BANCO DE CREDITO E INVERSIONES-REG-S 0.40000% 19-22.11.24 | 50 000.00 | 50 609.37 | 0.05 |
| CHF	BANCO SANTANDER CHILE-REG-S 0.38400% 19-27.09.24 | 100 000.00 | 100 950.00 | 0.10 |
| CHF	BANK NEDERLANDSE GEMEENTEN NV 1.25000% 14-30.04.24 | 200 000.00 | 216 900.00 | 0.22 |
| CHF	BANK OF MONTREAL-REG-S 0.05000% 18-30.12.22 | 200 000.00 | 202 600.00 | 0.21 |
| CHF	BANK OF NOVA SCOTIA-REG-S 0.20000% 18-19.11.25 | 200 000.00 | 207 500.00 | 0.21 |
| CHF	BANQUE FEDERTIVE DU CREDIT MUTUEL-REG-S 0.36600% 18-10.10.24 | 120 000.00 | 123 060.00 | 0.13 |
| CHF	BMW INTERNATIONAL INVESTMENT BV-REG-S 0.30000% 19-05.09.24 | 120 000.00 | 122 520.00 | 0.13 |
| CHF	BNP PARIBAS HOME LOAN COVERED BONDS SFH 2.37500% 11-07.10.20 | 50 000.00 | 51 270.00 | 0.05 |
| CHF	BPCE SA-REG-S 0.50000% 19-08.11.23 | 100 000.00 | 102 450.00 | 0.11 |
| CHF	CAISSE DE REFINANCEMENT DE L’HABITAT 2.50000% 11-29.03.21 | 100 000.00 | 104 160.00 | 0.11 |
| CHF	CBQ FINANCE LTD-REG-S 0.69700% 18-22.03.21 | 300 000.00 | 301 500.00 | 0.31 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT 0.19400% 15-19.11.21 | 300 000.00 | 303 900.00 | 0.31 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT-REG-S 0.20000% 19-25.03.24 | 150 000.00 | 152 625.00 | 0.16 |
| CHF	CITIGROUP INC-REG-S 0.50000% 19-01.11.28 | 200 000.00 | 204 900.00 | 0.21 |
| CHF	COMMONWEALTH BANK OF AUSTRALIA 1.50000% 14-07.02.22 | 140 000.00 | 145 810.00 | 0.15 |
| CHF	CORP ANDINA DE FOMENTO 1.37500% 13-11.02.21 | 250 000.00 | 255 175.00 | 0.26 |
| CHF	CORPORACION ANDINA DE FOMENTO 2.00000% 14-05.02.24 | 100 000.00 | 108 700.00 | 0.11 |
| CHF	CORPORACION ANDINA DE FOMENTO 0.50000% 15-26.02.26 | 350 000.00 | 359 450.00 | 0.37 |
| CHF	CREDIT AGRICOLE HOME LOAN SFH SA-REG-S 0.25000% 18-08.12.25 | 500 000.00 | 518 500.00 | 0.54 |
| CHF	CREDIT AGRICOLE HOME LOAN SFH SA-REG-S 0.50000% 18-03.10.28 | 100 000.00 | 106 450.00 | 0.11 |
| CHF	CREDIT AGRICOLE SA LONDON-REG-S 1.00000% 14-08.10.21 | 200 000.00 | 205 500.00 | 0.21 |
| CHF	CREDIT SUISSE LONDON BRANCH-REG-S 1.00000% 14-24.09.21 | 300 000.00 | 307 800.00 | 0.32 |
| CHF	DANSKE BANK AS-REG-S 0.62500% 19-24.11.22 | 200 000.00 | 203 200.00 | 0.21 |
| CHF	DEUTSCHE BAHN FINANCE BV 1.37500% 13-24.07.23 | 50 000.00 | 53 625.00 | 0.06 |
| CHF	DEUTSCHE BAHN FINANCE GMBH-REG-S 0.50000% 18-18.07.28 | 200 000.00 | 212 530.00 | 0.22 |
| CHF	DNB BANK ASA-REG-S 0.05000% 19-13.03.24 | 200 000.00 | 203 400.00 | 0.21 |
| CHF	DVB BANK SE 0.57500% 15-17.06.22 | 150 000.00 | 150 825.00 | 0.16 |
| CHF	ENEL FINANCE INTERNATIONAL NV 3.00000% 11-23.06.20 | 100 000.00 | 101 900.00 | 0.11 |
| CHF	EXPORT-IMPORT BANK OF KOREA-REG-S 0.25300% 18-06.03.23 | 500 000.00 | 509 000.00 | 0.53 |
| CHF	EXPORT-IMPORT BANK OF KOREA-REG-S 0.38250% 18-11.07.24 | 120 000.00 | 123 420.00 | 0.13 |
| CHF	FIRST ABU DHABI BANK PJSC-REG-S 0.07000% 19-18.10.27 | 250 000.00 | 247 625.00 | 0.26 |
| CHF	FIRST ABU DHABI BANK PJSC-REG-S 0.20500% 19-04.12.25 | 100 000.00 | 100 839.00 | 0.10 |
| CHF	HYPO NOE GRUPPE BANK AG-REG-S 0.10000% 19-27.11.24 | 100 000.00 | 100 900.00 | 0.10 |
| CHF	HYUNDAI CAPITAL SERVICES INC-REG-S 0.73250% 19-26.02.24 | 100 000.00 | 102 312.50 | 0.11 |
| CHF	INSTITUTO DE CREDITO OFICIAL 3.25000% 07-28.06.24 | 150 000.00 | 174 000.00 | 0.18 |
| CHF	JACKSON NATIONAL LIFE GLOBAL FUND-REG-S 0.30000% 18-18.12.23 | 100 000.00 | 102 400.00 | 0.11 |
| CHF	JPMORGAN CHASE & CO 0.50000% 15-04.12.23 | 50 000.00 | 51 600.00 | 0.05 |
| CHF	KOREA GAS CORP-REG-S 0.20750% 18-02.08.23 | 100 000.00 | 101 700.00 | 0.11 |
| CHF	KOREA NATIONAL OIL CORP-REG-S 0.37300% 18-01.06.23 | 200 000.00 | 204 800.00 | 0.21 |
| CHF	LUZERNER KANTONALBANK-REG-S 0.10000% 18-08.05.24 | 100 000.00 | 102 400.00 | 0.11 |
| CHF	MUENCHENER HYPOTHEKENBANK EG-REG-S 0.00100% 19-19.02.24 | 250 000.00 | 256 125.00 | 0.26 |
| CHF	MUNICIPALITY FINANCE PLC 0.87500% 13-01.02.23 | 200 000.00 | 209 900.00 | 0.22 |
| CHF	NATIONAL AUSTRALIA BANK LTD 0.25000% 18-13.03.24 | 350 000.00 | 358 925.00 | 0.37 |
| CHF	NATWEST MARKETS PLC-REG-S 0.12500% 19-13.09.23 | 200 000.00 | 199 400.00 | 0.21 |
| CHF	NEDERLANDSE WATERSCHAPSBANK NV 2.37500% 06-27.01.23 | 200 000.00 | 219 400.00 | 0.23 |
| CHF	NEDERLANDSE WATERSCHAPSBANK NV 1.37500% 12-13.09.27 | 100 000.00 | 114 350.00 | 0.12 |
| CHF	NEW YORK LIFE GLOBAL FUNDING 0.37500% 15-02.02.22 | 400 000.00 | 408 200.00 | 0.42 |
| CHF	ONTARIO, PROVINCE OF 0.25000% 17-28.06.29 | 200 000.00 | 209 300.00 | 0.22 |
| CHF	PETROLEOS MEXICANOS 1.50000% 15-08.12.20 | 470 000.00 | 475 076.00 | 0.49 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 0.25000% 17-12.10.27 | 200 000.00 | 208 480.00 | 0.22 |
| CHF	RABOBANK NEDERLAND NV 2.00000% 10-16.09.21 | 150 000.00 | 156 825.00 | 0.16 |
| CHF	RABOBANK NEDERLAND NV 1.12500% 14-08.04.21 | 250 000.00 | 255 750.00 | 0.26 |
| CHF	ROYAL BANK OF CANADA 2.25000% 11-21.04.21 | 200 000.00 | 208 020.00 | 0.22 |
| CHF	ROYAL BANK OF CANADA-REG-S 0.10000% 18-18.07.23 | 100 000.00 | 101 450.00 | 0.10 |
| CHF	SANTANDER CONSUMER FINANCE SA 0.50000% 15-05.10.20 | 100 000.00 | 100 870.00 | 0.10 |
| CHF	SHELL INTERNATIONAL FINANCE BV 0.37500% 15-21.08.23 | 100 000.00 | 103 000.00 | 0.11 |
| CHF	TRANSURBAN QUEENSLAND FINANCE PTY LTD 0.62500% 16-23.06.23 | 120 000.00 | 122 100.00 | 0.13 |
| CHF	UBS GROUP AG-REG-S 0.87500% 19-30.01.25 | 200 000.00 | 207 500.00 | 0.21 |
| CHF	VERIZON COMMUNICATIONS INC-REG-S 0.37500% 17-31.05.23 | 100 000.00 | 102 350.00 | 0.11 |
| CHF	WESTPAC SECURITIES NZ LTD/LONDON-REG-S 0.62500% 14-02.09.20 | 250 000.00 | 252 300.00 | 0.26 |
| Total CHF |  | 12 040 355.62 | 12.47 |
| Total Medium-Term Notes, fester Zins |  | 12 040 355.62 | 12.47 |

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

Medium-Term Notes, Nullcoupon
| CHF |  |
| --- | --- |
| CHF | BANK OF THE PHILIPPINE ISLANDS-REG-S 0.00000% 19-24.09.21 | 80 000.00 | 79 600.00 | 0.08 |
| CHF | HYPO NOE GRUPPE BANK AG 0.00000% 17-30.12.20 | 100 000.00 | 100 440.00 | 0.10 |
| CHF | KOREA HYDRO & NUCLEAR POWER CO-REG-S 0.00000% 19-19.07.24 | 300 000.00 | 303 600.00 | 0.32 |
| CHF | NATIONWIDE BUILDING SOCIETY-REG-S 0.00000% 19-11.07.25 | 150 000.00 | 154 350.00 | 0.16 |
| Total CHF |  |  | 637 990.00 | 0.66 |
| Total Medium-Term Notes, Nullcoupon |  | 637 990.00 | 0.66 |
| Anleihen, fester Zins |  |  |  |
| CHF |  |  |  |
| CHF	AARGAUISCHE KANTONALBANK 0.15000% 15-18.05.22 | 200 000.00 | 203 400.00 | 0.21 |
| CHF	APPLE INC-REG-S 0.37500% 15-25.11.24 | 600 000.00 | 622 500.00 | 0.64 |
| CHF	BASLER KANTONALBANK 0.15000% 19-02.04.27 | 100 000.00 | 103 350.00 | 0.11 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT 1.12500% 14-24.02.23 | 200 000.00 | 209 000.00 | 0.22 |
| CHF	DEUTSCHE PFANDBRIEFBANK AG-REG-S 0.12500% 19-05.06.23 | 150 000.00 | 150 750.00 | 0.16 |
| CHF	EUROPEAN INVESTMENT BANK 2.62500% 10-11.02.25 | 200 000.00 | 234 100.00 | 0.24 |
| CHF	EUROPEAN INVESTMNT BANK 1.62500% 12-02.04.26 | 200 000.00 | 228 100.00 | 0.24 |
| CHF	GAZ CAPITAL SA/GAZPROM-REG-S 1.45000% 18-06.03.23 | 135 000.00 | 138 923.44 | 0.14 |
| CHF	GENERAL ELECTRIC CO 3.12500% 04-06.12.19 | 300 000.00 | 300 060.00 | 0.31 |
| CHF	GOLDMAN SACHS GROUP INC 1.62500% 13-06.02.20 | 210 000.00 | 210 861.00 | 0.22 |
| CHF	GRAUBUENDNER KANTONALBANK 1.37500% 13-11.03.25 | 250 000.00 | 274 375.00 | 0.28 |
| CHF	KAZAKHSTAN TEMIR ZHOLY NATIONAL CO JSC 3.25000% 18-05.12.23 | 40 000.00 | 43 580.00 | 0.05 |
| CHF	KEB HANA BANK-REG-S 0.40750% 18-14.09.23 | 100 000.00 | 101 600.00 | 0.11 |
| CHF	MONDELEZ INTERNATIONAL INC-REG-S 0.61700% 17-30.09.24 | 200 000.00 | 206 700.00 | 0.21 |
| CHF	MONDELEZ INTL 0.62500% 15-06.10.20 | 100 000.00 | 100 830.00 | 0.10 |
| CHF	MONDELEZ INTL-REG-S 0.62500% 15-30.12.21 | 100 000.00 | 102 050.00 | 0.11 |
| CHF	NEW BRUNSWICK, PROVINCE OF 0.20000% 16-07.11.31 | 100 000.00 | 103 100.00 | 0.11 |
| CHF	NEW BRUNSWICK, PROVINCE OF 0.25000% 17-19.01.29 | 100 000.00 | 104 500.00 | 0.11 |
| CHF	OESTERREICHISCHE KONTROLLBANK AG 2.62500% 06-22.11.24 | 200 000.00 | 232 800.00 | 0.24 |
| CHF	OESTERREICHISCHE KONTROLLBANK AG 1.00000% 12-28.09.21 | 100 000.00 | 103 100.00 | 0.11 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONALBANKEN 0.01000% 17-05.02.24 | 100 000.00 | 102 350.00 | 0.11 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONAL-REG-S 0.25000% 18-20.07.26 | 50 000.00 | 52 095.00 | 0.05 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONAL-REG-S 0.12500% 18-31.10.24 | 100 000.00 | 102 980.00 | 0.11 |
| CHF	ROCHE KAPITALMARKT AG 0.10000% 17-23.09.24 | 150 000.00 | 154 275.00 | 0.16 |
| CHF	ST GALLER KANTONALBANK 1.37500% 12-22.06.27 | 150 000.00 | 168 900.00 | 0.18 |
| CHF	UBS GROUP AG-REG-S 0.62500% 17-18.05.24 | 200 000.00 | 205 000.00 | 0.21 |
| CHF	ZUERCHER KANTONALBANK 1.50000% 14-27.01.23 | 200 000.00 | 212 800.00 | 0.22 |
| CHF	ZUERCHER KANTONALBANK 0.04000% 15-09.12.22 | 200 000.00 | 203 500.00 | 0.21 |
| CHF	ZUERCHER KANTONALBANK 0.03000% 16-11.02.22 | 50 000.00 | 50 625.00 | 0.05 |
| CHF	ZUERICH, CITY OF-REG-S 2.75000% 05-14.02.25 | 300 000.00 | 351 300.00 | 0.36 |
| CHF	ZUGER KANTONALBANK 0.12500% 19-03.12.29 | 200 000.00 | 205 448.00 | 0.21 |
| Total CHF |  | 5 582 952.44 | 5.79 |
| EUR |  |  |  |
| EUR	GERMANY, REPUBLIC OF 1.50000% 13-15.02.23 | 780 000.00 | 919 373.97 | 0.95 |
| EUR	GERMANY, REPUBLIC OF 2.00000% 13-15.08.23 | 750 000.00 | 908 184.34 | 0.94 |
| EUR	GERMANY, REPUBLIC OF 3.25000% 09-04.01.20 | 95 000.00 | 105 034.82 | 0.11 |
| EUR	GERMANY, REPUBLIC OF 3.25000% 11-04.07.21 | 400 000.00 | 468 088.85 | 0.48 |
| EUR	GERMANY, REPUBLIC OF-REG-S 1.75000% 12-04.07.22 | 400 000.00 | 468 352.42 | 0.49 |
| Total EUR |  | 2 869 034.40 | 2.97 |
| Total Anleihen, fester Zins |  | 8 451 986.84 | 8.76 |
| Anleihen, Nullcoupon |  |  |  |
| CHF |  |  |  |
| CHF	AARGAUISCHE KANTONALBANK 0.00000% 16-08.03.22 | 100 000.00 | 101 250.00 | 0.10 |
| CHF	BALOISE HOLDING AG-REG-S 0.00000% 19-23.09.22 | 300 000.00 | 301 890.00 | 0.31 |
| CHF	BASEL-STADT, CANTON OF 0.00000% 16-05.09.23 | 100 000.00 | 102 350.00 | 0.11 |
| CHF	BASEL-STADT, CANTON OF 0.00000% 16-04.09.26 | 100 000.00 | 103 600.00 | 0.11 |
| CHF	BASLER KANTONALBANK-REG-S 0.00000% 18-11.04.22 | 350 000.00 | 354 725.00 | 0.37 |
| CHF	KOREA GAS CORP-REG-S 0.00000% 19-28.11.23 | 200 000.00 | 202 400.00 | 0.21 |
| CHF	KOREA NATIONAL OIL CORP-REG-S 0.00000% 19-04.10.24 | 350 000.00 | 355 250.00 | 0.37 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 0.00000% 16-05.07.22 | 300 000.00 | 304 350.00 | 0.31 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONALBANKEN 0.00000% 15-25.07.23 | 150 000.00 | 152 910.00 | 0.16 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONALBANKEN 0.00000% 16-07.11.22 | 200 000.00 | 203 300.00 | 0.21 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONALBANKEN 0.00000% 16-14.06.24 | 150 000.00 | 153 360.00 | 0.16 |
| CHF	VALIANT BANK AG-REG-S 0.00000% 19-31.10.25 | 200 000.00 | 204 900.00 | 0.21 |
| Total CHF |  | 2 540 285.00 | 2.63 |
| Total Anleihen, Nullcoupon |  | 2 540 285.00 | 2.63 |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 400 000.00 | 544 349.07 | 0.56 |
| USD	AMERICA, UNITED STATES OF 4.37500% 08-15.02.38 | 271 000.00 | 368 510.85 | 0.38 |
| USD	AMERICA, UNITED STATES OF 4.37500% 11-15.05.41 | 400 000.00 | 553 436.87 | 0.57 |
| USD	AMERICA, UNITED STATES OF 3.00000% 18-15.08.48 | 1 155 000.00 | 1 348 668.11 | 1.40 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 2 575 000.00 | 2 668 117.04 | 2.76 |
| USD	AMERICA, UNITED STATES OF 2.75000% 14-15.02.24 | 760 000.00 | 793 832.10 | 0.82 |
| USD	AMERICA, UNITED STATES OF 3.62500% 10-15.02.20 | 1 631 000.00 | 1 635 924.67 | 1.70 |
| USD	AMERICA, UNITED STATES OF 2.62500% 10-15.11.20 | 223 000.00 | 224 796.32 | 0.23 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 1 020 000.00 | 1 010 218.71 | 1.05 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 810 000.00 | 802 264.12 | 0.83 |
| USD	AMERICA, UNITED STATES OF 1.75000% 13-15.05.23 | 3 795 000.00 | 3 809 569.69 | 3.95 |
| Total USD |  | 13 759 687.55 | 14.25 |
| Total Treasury-Notes, fester Zins |  | 13 759 687.55 | 14.25 |

UBS (Lux) Strategy SICAV – Income (CHF) Halbjahresbericht per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in CHF | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Treasury-Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 130 000.00 | 196 300.18 | 0.20 |
| USD	AMERICA, UNITED STATES OF 0.500%/CPI LINKED 18-15.01.28 | 250 000.00 | 266 167.45 | 0.28 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 220 000.00 | 243 671.40 | 0.25 |
| USD	AMERICA, UNITED STATES OF 1.125%/CPI LINKED 11-15.01.21 | 110 000.00 | 129 882.08 | 0.14 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.01.22 | 120 000.00 | 135 238.74 | 0.14 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 13-15.01.23 | 120 000.00 | 132 595.52 | 0.14 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 50 000.00 | 53 734.65 | 0.06 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 250 000.00 | 274 052.96 | 0.28 |
| Total USD |  | 1 431 642.98 | 1.49 |
| Total Treasury-Notes, variabler Zins | 1 431 642.98 | 1.49 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 39 443 692.99 | 40.86 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Treasury-Notes, fester Zins |  |  |
| USD |  |  |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22	310 000.00 | 310 899.72 | 0.32 |
| Total USD | 310 899.72 | 0.32 |
| Total Treasury-Notes, fester Zins | 310 899.72 | 0.32 |
| Treasury-Notes, variabler Zins |  |  |
| USD |  |  |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 14-15.01.24	120 000.00 | 134 047.62 | 0.14 |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25	150 000.00 | 162 918.30 | 0.17 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22	200 000.00 | 222 794.82 | 0.23 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23	150 000.00 | 166 735.06 | 0.17 |
| Total USD | 686 495.80 | 0.71 |
| Total Treasury-Notes, variabler Zins | 686 495.80 | 0.71 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden | 997 395.52 | 1.03 |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
| Irland |  |
| --- | --- |
| USD | SOURCE MARKETS PLC - MSCI USA SOURCE ETF-A | 7 800.00 | 658 164.91 | 0.68 |
| USD | UBS ETFS PLC - MSCI USA TRN INDEX SF (USD) A-ACC | 7 800.00 | 659 061.33 | 0.68 |
| Total Irland | 1 317 226.24 | 1.36 |
| Luxemburg |  |  |
| EUR	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC	13 445.00 | 1 971 260.10 | 2.04 |
| EUR	UBS (LUX) BOND SICAV - EUR CORPORATES (EUR) U-X-ACC	719.00 | 9 770 798.51 | 10.12 |
| USD	UBS (LUX) BOND SICAV - SHORT TERM USD CORPORATES (USD) U-X-A	114.00 | 1 238 369.98 | 1.28 |
| USD	UBS (LUX) BOND SICAV - USD CORPORATES U-X-ACC	69.00 | 822 288.78 | 0.85 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC	152.00 | 3 004 181.93 | 3.11 |
| USD	UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS	18 499.00 | 1 971 635.95 | 2.04 |
| USD	UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC	1 378.00 | 15 739 613.60 | 16.31 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD)-U-X ACC	467.00 | 6 361 903.33 | 6.59 |
| USD	UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC	207.00 | 2 251 955.91 | 2.33 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL QUANTITATIVE (USD) U-X-ACC	228.39 | 3 520 011.86 | 3.65 |
| USD	UBS (LUX) INST FUND-KEY SEL. GLOBAL EQUITY FA-USD	199.52 | 5 095 971.63 | 5.28 |
| USD	UBS (LUX) INSTITUTION SICAV - EQUITIES GLB (EX USA) PASSIVE XA	7 435.00 | 761 072.03 | 0.79 |
| Total Luxemburg | 52 509 063.61 | 54.39 |
| Total Investment Fonds, open end | 53 826 289.85 | 55.75 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 | 53 826 289.85 | 55.75 |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  |  |
| Optionen auf Indizes, klassisch |  |  |
| USD |  |  |
| USD	S&P 500 INDEX PUT 2700.00000 20.12.19	8.00 | 791.49 | 0.00 |
| Total USD | 791.49 | 0.00 |
| Total Optionen auf Indizes, klassisch | 791.49 | 0.00 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden | 791.49 | 0.00 |
| Total des Wertpapierbestandes | 94 268 169.85 | 97.64 |

UBS (Lux) Strategy SICAV – Income (CHF) Halbjahresbericht per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in CHF | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Derivative Instrumente |  |  |  |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden Finanzterminkontrakte auf Indizes |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 20.12.19 | -136.00 | -295 932.80 | -0.30 |
| CHF	SWISS MARKET INDEX FUTURE 20.12.19 | 51.00 | 264 817.50 | 0.28 |
| GBP	FTSE 100 INDEX FUTURE 20.12.19 | 31.00 | 28 093.32 | 0.03 |
| USD	S&P500 EMINI FUTURE 20.12.19 | -1.00 | -6 493.28 | -0.01 |
| AUD	SPI 200 INDEX FUTURE 19.12.19 | -2.00 | -7 435.56 | -0.01 |
| CAD	S&P/TSX 60 INDEX FUTURE 19.12.19 | -2.00 | -6 515.62 | -0.01 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 12.12.19 | 4.00 | 80 214.47 | 0.08 |
| Total Finanzterminkontrakte auf Indizes |  | 56 748.03 | 0.06 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | 56 748.03 | 0.06 |
| Total Derivative Instrumente |  | 56 748.03 | 0.06 |
| Devisenterminkontrakte Devisenterminkontrakte (Kauf/Verkauf) |  |  |  |

| CHF | 26 905 163.07 | USD | 27 145 810.68 | 9.1.2020 | -127 477.87 | -0.13 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 9 662 623.45 | EUR | 8 799 722.65 | 9.1.2020 | -29 068.51 | -0.03 |
| NOK | 17 566 351.27 | CHF | 1 906 500.77 | 9.1.2020 | -6 186.44 | -0.01 |
| CHF | 1 092 258.45 | CAD | 1 456 583.48 | 9.1.2020 | -207.02 | 0.00 |
| CHF | 51 484.36 | DKK | 350 000.00 | 9.1.2020 | -125.25 | 0.00 |
| JPY | 37 928 810.00 | CHF | 349 197.09 | 9.1.2020 | -3 148.47 | 0.00 |
| GBP | 432 988.36 | CHF | 544 280.22 | 9.1.2020 | 14 396.49 | 0.02 |
| CHF | 9 261.31 | ZAR | 140 000.00 | 9.1.2020 | -199.86 | 0.00 |
| CHF | 1 685 322.47 | AUD | 2 506 872.08 | 9.1.2020 | -5 128.47 | -0.01 |
| SGD | 45 000.00 | CHF | 32 581.78 | 9.1.2020 | 201.25 | 0.00 |
| NZD | 10 000.00 | CHF | 6 238.68 | 9.1.2020 | 157.57 | 0.00 |
| CHF | 54 777.72 | SEK | 540 480.13 | 9.1.2020 | -1 599.35 | 0.00 |
| CHF | 102 422.14 | HKD | 810 000.00 | 9.1.2020 | -580.07 | 0.00 |
| USD | 95 000.00 | CHF | 94 062.16 | 9.1.2020 | 541.79 | 0.00 |
| USD | 126 000.00 | CHF | 123 606.00 | 9.1.2020 | 1 868.71 | 0.00 |
| USD | 54 000.00 | CHF | 53 029.24 | 9.1.2020 | 745.64 | 0.00 |
| USD | 128 000.00 | CHF | 125 852.42 | 9.1.2020 | 1 613.95 | 0.00 |
| EUR | 50 000.00 | CHF | 55 068.85 | 9.1.2020 | -0.68 | 0.00 |
| USD | 986 000.00 | CHF | 972 102.33 | 9.1.2020 | 9 787.08 | 0.01 |
| EUR | 846 517.94 | NOK | 8 665 000.00 | 9.1.2020 | -5 064.90 | -0.01 |
| GBP | 757 000.00 | CHF | 960 175.02 | 9.1.2020 | 16 567.80 | 0.02 |
| CAD | 1 232 741.27 | NOK | 8 665 000.00 | 9.1.2020 | -12 832.84 | -0.01 |
| AUD | 55 000.00 | CHF | 37 234.45 | 9.1.2020 | -146.48 | 0.00 |
| CHF | 77 639.61 | JPY | 8 500 000.00 | 9.1.2020 | 88.71 | 0.00 |
| CAD | 75 000.00 | CHF | 56 855.03 | 9.1.2020 | -603.60 | 0.00 |
| HKD | 265 000.00 | CHF | 33 454.13 | 9.1.2020 | 244.12 | 0.00 |
| CHF | 61 799.95 | NOK | 575 000.00 | 9.1.2020 | -403.11 | 0.00 |
| EUR | 53 000.00 | CHF | 58 459.21 | 9.1.2020 | -86.95 | 0.00 |
| CHF | 52 381.48 | EUR | 47 500.00 | 9.1.2020 | 66.72 | 0.00 |
| USD | 1 050 000.00 | CHF | 1 030 862.70 | 9.1.2020 | 14 759.89 | 0.02 |
| CHF | 8 215 076.95 | EUR | 7 456 294.59 | 15.1.2020 | 3 342.98 | 0.00 |
| CHF | 1 467 788.43 | AUD | 2 148 075.28 | 15.1.2020 | 19 667.45 | 0.02 |
| CHF | 34 036.34 | NOK | 314 397.44 | 15.1.2020 | 38.63 | 0.00 |
| GBP | 1 143 856.67 | CHF | 1 455 768.08 | 15.1.2020 | 19 764.81 | 0.02 |
| JPY | 29 421 010.00 | CHF | 267 512.61 | 15.1.2020 | 887.59 | 0.00 |
| CHF | 182 476.45 | CAD | 242 938.17 | 15.1.2020 | 339.72 | 0.00 |
| CHF | 50 925.21 | SEK | 493 849.32 | 15.1.2020 | -581.16 | 0.00 |
| CHF | 67 291.76 | HKD | 535 000.00 | 15.1.2020 | -711.50 | 0.00 |
| CHF | 51 646.02 | DKK | 350 000.00 | 15.1.2020 | 36.33 | 0.00 |
| CHF | 90 886.35 | SGD | 125 000.00 | 15.1.2020 | -146.81 | 0.00 |
| CHF | 24 588 693.17 | USD | 24 960 555.53 | 15.1.2020 | -257 679.89 | -0.27 |
| CHF | 86 551.49 | GBP | 68 000.00 | 15.1.2020 | -1 166.00 | 0.00 |
| CHF | 86 573.52 | GBP | 68 000.00 | 9.1.2020 | -1 165.60 | 0.00 |
| IDR | 14 607 740 000.00 | USD | 1 031 547.21 | 16.1.2020 | -1 164.67 | 0.00 |
| INR | 71 450 000.00 | USD | 988 311.78 | 16.1.2020 | 3 801.46 | 0.00 |
| USD | 1 061 450.67 | TWD | 32 180 000.00 | 16.1.2020 | 3 362.32 | 0.00 |
| CHF | 26 242.48 | GBP | 20 500.00 | 9.1.2020 | -208.28 | 0.00 |
| CHF | 26 235.90 | GBP | 20 500.00 | 15.1.2020 | -208.34 | 0.00 |
| CHF | 112 525.98 | USD | 114 000.00 | 9.1.2020 | -998.76 | 0.00 |
| CHF | 112 478.67 | USD | 114 000.00 | 15.1.2020 | -999.84 | 0.00 |
| CHF | 114 216.74 | USD | 115 000.00 | 9.1.2020 | -303.83 | 0.00 |
| CHF | 114 169.01 | USD | 115 000.00 | 15.1.2020 | -304.92 | 0.00 |
| Total Devisenterminkontrakte (Kauf/Verkauf) | -346 218.46 | -0.36 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 2 683 787.77 | 2.78 |
| Andere Aktiva und Passiva | -118 965.99 | -0.12 |
| Total des Nettovermögens | 96 543 521.20 | 100.00 |

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