# UBS (Lux) Key Selection SICAV
– Digital Transformation Themes (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 31.3.2021 | 30.9.2020 |
| Net assets in USD |  | 1 361 212 552.87 | 1 173 862 788.93 |
| Class F-acc 1 | LU2198972270 |  |  |
| Shares outstanding |  | 8 170 732.7170 | 9 197 967.3030 |
| Net asset value per share in USD |  | 129.13 | 109.77 |
| Issue and redemption price per share in USD 2 |  | 129.13 | 109.77 |
| Class (EUR hedged) F-dist 3 | LU2206586609 |  |  |
| Shares outstanding |  | 108 434.8830 | 115 509.8830 |
| Net asset value per share in EUR |  | 122.34 | 104.76 |
| Issue and redemption price per share in EUR 2 |  | 122.34 | 104.76 |
| Class F-UKdist 1 | LU2198973245 |  |  |
| Shares outstanding |  | 205 715.0000 | 159 993.0000 |
| Net asset value per share in USD |  | 129.13 | 109.77 |
| Issue and redemption price per share in USD 2 |  | 129.13 | 109.77 |
| Class I-X-acc 4 | LU2054467290 |  |  |
| Shares outstanding |  | 100.0000 | 100.0000 |
| Net asset value per share in USD |  | 180.14 | 152.64 |
| Issue and redemption price per share in USD 2 |  | 180.14 | 152.64 |
| Class K-X-acc 5 | LU2211527788 |  |  |
| Shares outstanding |  | 534 686.9100 | 572 813.6780 |
| Net asset value per share in USD |  | 112.54 | 95.38 |
| Issue and redemption price per share in USD 2 |  | 112.54 | 95.38 |
| Class P-acc 4 | LU2054465674 |  |  |
| Shares outstanding |  | 385 568.8780 | 101 712.7880 |
| Net asset value per share in USD |  | 177.00 | 151.30 |
| Issue and redemption price per share in USD 2 |  | 177.00 | 151.30 |
| Class (CHF hedged) P-acc 4 | LU2054466649 |  |  |
| Shares outstanding |  | 79 054.2090 | 41 078.4420 |
| Net asset value per share in CHF |  | 173.76 | 149.95 |
| Issue and redemption price per share in CHF 2 |  | 173.76 | 149.95 |
| Class (EUR hedged) P-acc 4 | LU2054466219 |  |  |
| Shares outstanding |  | 33 300.1380 | 13 059.5950 |
| Net asset value per share in EUR |  | 174.25 | 150.06 |
| Issue and redemption price per share in EUR 2 |  | 174.25 | 150.06 |
| Class Q-acc 4 | LU2054465831 |  |  |
| Shares outstanding |  | 258 976.3540 | 176 692.2890 |
| Net asset value per share in USD |  | 178.40 | 151.89 |
| Issue and redemption price per share in USD 2 |  | 178.40 | 151.89 |
| Class (CHF hedged) Q-acc 4 | LU2054466995 |  |  |
| Shares outstanding |  | 130 511.6300 | 65 297.5650 |
| Net asset value per share in CHF |  | 175.13 | 150.53 |
| Issue and redemption price per share in CHF 2 |  | 175.13 | 150.53 |
| Class (EUR hedged) Q-acc 4 | LU2054466482 |  |  |
| Shares outstanding |  | 122 576.5730 | 51 583.5080 |
| Net asset value per share in EUR |  | 175.62 | 150.64 |
| Issue and redemption price per share in EUR 2 |  | 175.62 | 150.64 |
| Class (GBP hedged) Q-acc 6 | LU2078554057 |  |  |
| Shares outstanding |  | 106 757.4640 | 49 070.0470 |
| Net asset value per share in GBP |  | 124.39 | 106.30 |
| Issue and redemption price per share in GBP 2 |  | 124.39 | 106.30 |
| 1  First NAV: 6.7.2020 2  See note 1 3  First NAV: 28.7.2020 4  First NAV: 6.4.2020 5  First NAV: 2.9.2020 6  First NAV: 27.7.2020 |  |  |  |

UBS (Lux) Key Selection SICAV – Digital Transformation Themes (USD) Semi-Annual Report as of 31 March 2021

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| United States | 71.75 |
| --- | --- |
| China | 11.13 |
| The Netherlands | 4.00 |
| Taiwan | 2.62 |
| South Korea | 2.43 |
| Bermuda | 2.05 |
| Ireland | 1.77 |
| Canada | 1.55 |
| Singapore | 1.45 |
| Total | 98.75 |

Economic Breakdown as a % of net assets	
| Internet, software & IT services | 34.82 |
| --- | --- |
| Electronics & semiconductors | 19.06 |
| Banks & credit institutions | 9.23 |
| Miscellaneous services | 6.69 |
| Finance & holding companies | 5.93 |
| Retail trade, department stores | 4.08 |
| Pharmaceuticals, cosmetics & medical products | 3.34 |
| Textiles, garments & leather goods | 3.22 |
| Healthcare & social services | 2.07 |
| Biotechnology | 1.84 |
| Graphic design, publishing & media | 1.79 |
| Telecommunications | 1.59 |
| Insurance | 1.51 |
| Computer hardware & network equipment providers | 1.39 |
| Miscellaneous unclassified companies | 1.27 |
| Vehicles | 0.92 |
| Total | 98.75 |

UBS (Lux) Key Selection SICAV – Digital Transformation Themes (USD)
Semi-Annual Report as of 31 March 2021

## Statement of Net Assets
Assets	31.3.2021
USD
Investments in securities, cost	1 115 960 170.90
| Investments in securities, unrealized appreciation (depreciation) | 	228 276 485.68	 |
| --- | --- |
| Total investments in securities (Note 1) | 1 344 236 656.58 |
| Cash at banks, deposits on demand and deposit accounts | 25 125 964.18 |
| Receivable on subscriptions | 4 308 182.36 |
| Receivable on dividends | 323 641.00 |
| Other receivables | 58 160.57 |
| Total Assets | 1 374 052 604.69 |
|  |  |
| Liabilities |  |
| Unrealized loss on forward foreign exchange contracts (Note 1) | -2 239 981.56 |
| Bank overdraft | -28.32 |
| Payable on securities purchases (Note 1) | -7 340 549.43 |
| Payable on redemptions | -2 765 874.62 |
| Provisions for flat fee (Note 2) | -424 797.70 |
| Provisions for taxe d’abonnement (Note 3) | -60 424.99 |
| Provisions for other commissions and fees (Note 2) | 	-8 395.20	 |
| Total provisions | -493 617.89 |
| Total Liabilities | -12 840 051.82 |
|  |  |
| Net assets at the end of the period | 1 361 212 552.87 |
| Statement of Operations | USD |
| Income | 1.10.2020-31.3.2021 |
| Dividends (Note 1) | 1 863 975.11 |
| Income on securities lending (Note 14) | 218 768.07 |
| Other income (Note 4) | 27 886.41 |
| Total income | 2 110 629.59 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -4 562 495.43 |
| Taxe d’abonnement (Note 3) | -116 307.33 |
| Cost on securities lending (Note 14) | -87 507.23 |
| Other commissions and fees (Note 2) | -120 714.81 |
| Interest on cash and bank overdraft | -437.36 |
| Total expenses | -4 887 462.16 |
|  |  |
| Net income (loss) on investments | -2 776 832.57 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 59 981 103.81 |
| Realized gain (loss) on forward foreign exchange contracts | 815 552.09 |
| Realized gain (loss) on foreign exchange | -827 176.57 |
| Total realized gain (loss) | 59 969 479.33 |
|  |  |
| Net realized gain (loss) of the period | 57 192 646.76 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 146 606 770.44 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -1 631 973.68 |
| Total changes in unrealized appreciation (depreciation) | 144 974 796.76 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 202 167 443.52 |

UBS (Lux) Key Selection SICAV – Digital Transformation Themes (USD) Semi-Annual Report as of 31 March 2021
| Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.10.2020-31.3.2021 |
| Net assets at the beginning of the period | 1 173 862 788.93 |
| Subscriptions | 275 727 647.71 |
| Redemptions | 	-290 545 327.29	 |
| Total net subscriptions (redemptions) | -14 817 679.58 |
| Net income (loss) on investments | -2 776 832.57 |
| Total realized gain (loss) | 59 969 479.33 |
| Total changes in unrealized appreciation (depreciation) | 	144 974 796.76	 |
| Net increase (decrease) in net assets as a result of operations | 202 167 443.52 |
| Net assets at the end of the period | 1 361 212 552.87 |
| Changes in the Number of Shares outstanding |  |
|  | 1.10.2020-31.3.2021 |
| Class | F-acc |
| Number of shares outstanding at the beginning of the period | 9 197 967.3030 |
| Number of shares issued | 1 028 578.8800 |
| Number of shares redeemed | -2 055 813.4660 |
| Number of shares outstanding at the end of the period | 8 170 732.7170 |
| Class | (EUR hedged) F-dist |
| Number of shares outstanding at the beginning of the period | 115 509.8830 |
| Number of shares issued | 25 910.0000 |
| Number of shares redeemed | -32 985.0000 |
| Number of shares outstanding at the end of the period | 108 434.8830 |
| Class | F-UKdist |
| Number of shares outstanding at the beginning of the period | 159 993.0000 |
| Number of shares issued | 81 292.0000 |
| Number of shares redeemed | -35 570.0000 |
| Number of shares outstanding at the end of the period | 205 715.0000 |
| Class | I-X-acc |
| Number of shares outstanding at the beginning of the period | 100.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 100.0000 |
| Class | K-X-acc |
| Number of shares outstanding at the beginning of the period | 572 813.6780 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -38 126.7680 |
| Number of shares outstanding at the end of the period | 534 686.9100 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 101 712.7880 |
| Number of shares issued | 308 070.6540 |
| Number of shares redeemed | -24 214.5640 |
| Number of shares outstanding at the end of the period | 385 568.8780 |
| Class | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 41 078.4420 |
| Number of shares issued | 48 573.9220 |
| Number of shares redeemed | -10 598.1550 |
| Number of shares outstanding at the end of the period | 79 054.2090 |
| Class | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 13 059.5950 |
| Number of shares issued | 26 157.7890 |
| Number of shares redeemed | -5 917.2460 |
| Number of shares outstanding at the end of the period | 33 300.1380 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 176 692.2890 |
| Number of shares issued | 102 795.0360 |
| Number of shares redeemed | -20 510.9710 |
| Number of shares outstanding at the end of the period | 258 976.3540 |
| Class | (CHF hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 65 297.5650 |
| Number of shares issued | 76 754.3950 |
| Number of shares redeemed | -11 540.3300 |
| Number of shares outstanding at the end of the period | 130 511.6300 |
| Class | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 51 583.5080 |
| Number of shares issued | 97 607.4150 |
| Number of shares redeemed | -26 614.3500 |
| Number of shares outstanding at the end of the period | 122 576.5730 |
| Class | (GBP hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 49 070.0470 |
| Number of shares issued | 60 544.1160 |
| Number of shares redeemed | -2 856.6990 |
| Number of shares outstanding at the end of the period | 106 757.4640 |

UBS (Lux) Key Selection SICAV – Digital Transformation Themes (USD)
Semi-Annual Report as of 31 March 2021
| Annual Distribution 1 |  |
| --- | --- |
| UBS (Lux) Key Selection SICAV – Digital Transformation Themes (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| (EUR hedged) F-dist | 15.10.2020 | 20.10.2020 | EUR | 0.00 |
| F-UKdist | 1.12.2020 | 4.12.2020 | USD | 0.00 |
| 1  See note 5 |  |  |  |  |

UBS (Lux) Key Selection SICAV – Digital Transformation Themes (USD) Semi-Annual Report as of 31 March 2021

## Statement of Investments in Securities and other Net Assets as of 31 March 2021
| Description | Quantity/ | Valuation in 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 |  |  |  |
| China |  |  |  |
| HKD	PING AN INSURANCE ‘H’CNY1 | 1 721 000.00 | 20 487 436.41 | 1.50 |
| HKD	TENCENT HLDGS LIMI HKD0.00002 | 438 300.00 | 34 389 956.84 | 2.53 |
| Total China |  | 54 877 393.25 | 4.03 |
| South Korea |  |  |  |
| KRW	SK HYNIX INC KRW5000 | 214 539.00 | 25 117 221.49 | 1.85 |
| Total South Korea |  | 25 117 221.49 | 1.85 |
| United States |  |  |  |
| USD	ARISTA NETWORKS IN COM USD0.0001 | 70 902.00 | 21 404 604.78 | 1.57 |
| USD	COUPA SOFTWARE INC COM USD0.0001 | 64 364.00 | 16 379 350.72 | 1.20 |
| USD	DEXCOM INC COM | 36 715.00 | 13 195 003.85 | 0.97 |
| USD	HUBSPOT INC COM USD0.001 | 57 090.00 | 25 930 848.90 | 1.91 |
| USD	INTUITIVE SURGICAL COM USD0.001 | 34 312.00 | 25 354 509.28 | 1.86 |
| USD	JP MORGAN CHASE & COM USD1 | 210 957.00 | 32 113 984.11 | 2.36 |
| USD	QORVO INC COM USD 0.0001 | 150 985.00 | 27 584 959.50 | 2.03 |
| USD	S&P GLOBAL INC COM USD1 | 69 142.00 | 24 398 137.54 | 1.79 |
| USD	SPLUNK INC COM USD0.001 | 127 275.00 | 17 243 217.00 | 1.27 |
| USD	TELADOC HEALTH INC COM USD0.001 | 54 761.00 | 9 952 811.75 | 0.73 |
| USD	THE TRADE DESK INC COM USD0.000001 CL A | 39 099.00 | 25 479 254.34 | 1.87 |
| USD	TRANSUNION COM USD0.01 | 156 153.00 | 14 053 770.00 | 1.03 |
| USD	UNIVERSAL DISPLAY COM USD0.01 | 110 357.00 | 26 129 226.89 | 1.92 |
| USD	ZSCALER INC COM USD0.001 | 120 340.00 | 20 658 767.80 | 1.52 |
| Total United States |  | 299 878 446.46 | 22.03 |
| Total Bearer shares |  | 379 873 061.20 | 27.91 |
| Registered shares |  |  |  |
| Canada |  |  |  |
| USD	LULULEMON ATHLETIC COM STK USD0.01	68 640.00 | 21 052 574.40 | 1.55 |
| Total Canada | 21 052 574.40 | 1.55 |
| China |  |  |  |  |
| HKD | ALIBABA GROUP HLDG USD1 | 1 089 400.00 | 30 827 646.97 | 2.27 |
| HKD | WUXI APPTEC CO LTD CNY1 H | 645 432.00 | 12 693 702.16 | 0.93 |
| Total China | 43 521 349.13 | 3.20 |
| Ireland |  |  |  |  |
| USD | ACCENTURE PLC SHS CL A ‘NEW’ | 87 081.00 | 24 056 126.25 | 1.77 |
| Total Ireland |  | 24 056 126.25 | 1.77 |
| The Netherlands |  |  |  |
| EUR	ADYEN NV EUR0.01 | 9 840.00 | 22 013 886.13 | 1.62 |
| EUR	ASML HOLDING NV EUR0.09 | 53 417.00 | 32 457 777.05 | 2.38 |
| Total The Netherlands |  | 54 471 663.18 | 4.00 |
| South Korea |  |  |  |
| USD	COUPANG INC COM USD0.0001 A | 160 807.00 | 7 935 825.45 | 0.58 |
| Total South Korea |  | 7 935 825.45 | 0.58 |
| United States |  |  |  |
| USD	10X GENOMICS INC COM USD0.00001 CLASS A | 68 155.00 | 12 336 055.00 | 0.91 |
| USD	ADVANCED MICRO DEV COM USD0.01 | 173 108.00 | 13 588 978.00 | 1.00 |
| USD	AFFIRM HLDGS INC COM USD0.00001 CLASS A | 98 180.00 | 6 943 289.60 | 0.51 |
| USD	AIRBNB INC USD0.0001 A | 4 389.00 | 824 868.66 | 0.06 |
| USD	ALPHABET INC CAP STK USD0.001 CL A | 19 283.00 | 39 771 573.16 | 2.92 |
| USD	AMAZON COM INC COM USD0.01 | 15 401.00 | 47 651 926.08 | 3.50 |
| USD	ANALOG DEVICES INC COM | 204 432.00 | 31 703 314.56 | 2.33 |
| USD	APPLE INC COM NPV | 155 056.00 | 18 940 090.40 | 1.39 |
| USD	APPLIED MATLS INC COM | 293 171.00 | 39 167 645.60 | 2.88 |
| USD	AUTODESK INC COM USD0.01 | 90 564.00 | 25 099 812.60 | 1.84 |
| USD	BOOKING HLDGS INC COM USD0.008 | 5 993.00 | 13 962 731.12 | 1.03 |
| USD	BUMBLE INC COM USD0.01 A | 147 651.00 | 9 210 469.38 | 0.68 |
| USD	CAPITAL ONE FINL COM USD0.01 | 193 029.00 | 24 559 079.67 | 1.80 |
| USD	GLOBAL PAYMENTS COM NPV | 118 757.00 | 23 939 036.06 | 1.76 |
| USD	IAA INC COM USD0.01 | 227 952.00 | 12 569 273.28 | 0.92 |
| USD	IAC/INTERACTIVECOR COM USD0.001 | 87 708.00 | 18 972 117.48 | 1.39 |
| USD	MASTERCARD INC COM USD0.0001 CLASS ‘A’ | 39 012.00 | 13 890 222.60 | 1.02 |
| USD	MATCH GRP INC NEW COM NPV | 157 786.00 | 21 676 640.68 | 1.59 |
| USD	MICROSOFT CORP COM USD0.0000125 | 264 927.00 | 62 461 838.79 | 4.59 |
| USD	NETFLIX INC COM USD0.001 | 40 669.00 | 21 215 390.54 | 1.56 |
| USD	NIKE INC CLASS’B’COM NPV | 171 165.00 | 22 746 116.85 | 1.67 |
| USD	NVIDIA CORP COM USD0.001 | 44 469.00 | 23 743 333.17 | 1.75 |
| USD	PALO ALTO NETWORKS COM USD0.0001 | 62 473.00 | 20 120 054.38 | 1.48 |
| USD	PINTEREST INC COM USD0.00001 CL A | 208 327.00 | 15 422 447.81 | 1.13 |
| USD	SALESFORCE.COM INC COM USD0.001 | 93 029.00 | 19 710 054.23 | 1.45 |
| USD	SCHRODINGER INC COM USD0.01 | 89 917.00 | 6 859 767.93 | 0.50 |
| USD	SCHWAB(CHARLES)CP COM USD0.01 | 360 090.00 | 23 470 666.20 | 1.72 |
| USD	SERVICENOW INC COM USD0.001 | 47 952.00 | 23 981 274.72 | 1.76 |
| USD	VISA INC COM STK USD0.0001 | 156 287.00 | 33 090 646.51 | 2.43 |
| USD	WALT DISNEY CO. DISNEY COM USD0.01 | 158 345.00 | 29 217 819.40 | 2.15 |
| Total United States |  | 676 846 534.46 | 49.72 |
| Total Registered shares |  | 827 884 072.87 | 60.82 |

UBS (Lux) Key Selection SICAV – Digital Transformation Themes (USD)
Semi-Annual Report as of 31 March 2021
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Depository receipts |  |  |  |
| China |  |  |  |
| USD	NETEASE INC ADR REP 25 COM USD0.0001 | 169 865.00 | 17 540 259.90 | 1.29 |
| USD	NEW ORIENTAL ED & TECH GRP INC SPON ADR | 1 235 020.00 | 17 290 280.00 | 1.27 |
| USD	TAL EDUCATION GRP ADS EA REPR 2 CL A ORD SHS | 339 617.00 | 18 288 375.45 | 1.34 |
| Total China |  | 53 118 915.35 | 3.90 |
| Singapore |  |  |  |
| USD	SEA LTD ADS EACH REP ONE CL A SHS | 88 300.00 | 19 711 209.00 | 1.45 |
| Total Singapore |  | 19 711 209.00 | 1.45 |
| Taiwan |  |  |  |
| USD	TAIWAN SEMICON MAN ADS REP 5 ORD TWD10 | 301 800.00 | 35 696 904.00 | 2.62 |
| Total Taiwan |  | 35 696 904.00 | 2.62 |
| Total Depository receipts |  | 108 527 028.35 | 7.97 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 1 316 284 162.42 | 96.70 |

Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market
Bearer shares
Bermuda
| USD | MARVELL TECH GROUP COM USD0.002 | 570 692.00 | 27 952 494.16 | 2.05 |
| --- | --- | --- | --- | --- |
| Total Bermuda | 27 952 494.16 | 2.05 |
| Total Bearer shares | 27 952 494.16 | 2.05 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market | 27 952 494.16 | 2.05 |
| Total investments in securities | 1 344 236 656.58 | 98.75 |
| Forward Foreign Exchange contracts |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |

| EUR | 43 037 300.00 | USD | 51 842 219.44 | 8.4.2021 | -1 254 383.93 | -0.09 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 35 931 900.00 | USD | 38 996 511.01 | 8.4.2021 | -812 045.79 | -0.06 |
| GBP | 12 878 800.00 | USD | 17 965 604.03 | 8.4.2021 | -196 401.70 | -0.01 |
| CHF | 189 400.00 | USD | 204 874.50 | 8.4.2021 | -3 601.04 | 0.00 |
| USD | 3 775 819.89 | EUR | 3 168 200.00 | 8.4.2021 | 51 785.61 | 0.00 |
| USD | 2 713 139.55 | CHF | 2 524 400.00 | 8.4.2021 | 30 485.31 | 0.00 |
| USD | 1 074 590.34 | GBP | 778 100.00 | 8.4.2021 | 1 026.32 | 0.00 |
| USD | 163 099.96 | EUR | 137 200.00 | 8.4.2021 | 1 829.36 | 0.00 |
| CHF | 110 100.00 | USD | 118 026.76 | 8.4.2021 | -1 024.61 | 0.00 |
| GBP | 270 400.00 | USD | 374 294.01 | 8.4.2021 | -1 216.37 | 0.00 |
| CHF | 229 600.00 | USD | 247 157.45 | 8.4.2021 | -3 163.86 | 0.00 |
| CHF | 295 300.00 | USD | 317 357.42 | 8.4.2021 | -3 545.11 | 0.00 |
| USD | 249 809.19 | EUR | 209 700.00 | 8.4.2021 | 3 319.07 | 0.00 |
| EUR | 760 200.00 | USD | 910 083.08 | 8.4.2021 | -16 512.33 | 0.00 |
| CHF | 279 100.00 | USD | 301 933.09 | 8.4.2021 | -5 336.35 | 0.00 |
| GBP | 427 900.00 | USD | 594 504.71 | 8.4.2021 | -4 120.38 | 0.00 |
| CHF | 201 700.00 | USD | 217 528.97 | 8.4.2021 | -3 184.43 | 0.00 |
| EUR | 1 589 700.00 | USD | 1 890 472.99 | 8.4.2021 | -21 873.38 | 0.00 |
| GBP | 86 800.00 | USD | 120 398.33 | 8.4.2021 | -638.20 | 0.00 |
| CHF | 1 362 900.00 | USD | 1 471 341.07 | 8.4.2021 | -23 001.08 | 0.00 |
| CHF | 97 200.00 | USD | 104 793.64 | 8.4.2021 | -1 500.19 | 0.00 |
| GBP | 460 800.00 | USD | 639 543.81 | 8.4.2021 | -3 766.53 | 0.00 |
| CHF | 235 300.00 | USD | 253 379.62 | 8.4.2021 | -3 328.70 | 0.00 |
| CHF | 191 300.00 | USD | 205 819.83 | 8.4.2021 | -2 527.26 | 0.00 |
| USD | 929 147.79 | CHF | 857 500.00 | 8.4.2021 | 17 891.25 | 0.00 |
| USD | 1 168 160.95 | EUR | 977 700.00 | 8.4.2021 | 18 931.64 | 0.00 |
| EUR | 173 200.00 | USD | 205 683.56 | 8.4.2021 | -2 097.06 | 0.00 |
| CHF | 324 700.00 | USD | 348 331.92 | 8.4.2021 | -3 276.53 | 0.00 |
| GBP | 91 500.00 | USD | 126 252.84 | 8.4.2021 | -8.00 | 0.00 |
| USD | 538 658.37 | EUR | 455 400.00 | 8.4.2021 | 3 362.24 | 0.00 |
| CHF | 93 000.00 | USD | 99 397.91 | 8.4.2021 | -567.75 | 0.00 |
| USD | 752 726.64 | GBP | 545 800.00 | 8.4.2021 | -327.27 | 0.00 |
| CHF | 93 500.00 | USD | 99 584.62 | 8.4.2021 | -223.12 | 0.00 |
| EUR | 152 400.00 | USD | 179 488.64 | 8.4.2021 | -351.33 | 0.00 |
| CHF | 140 700.00 | USD | 150 020.90 | 8.4.2021 | -500.44 | 0.00 |
| USD | 72 660.13 | GBP | 52 700.00 | 6.4.2021 | -50.32 | 0.00 |
| USD | 338 319.38 | EUR | 287 900.00 | 8.4.2021 | -90.27 | 0.00 |
| GBP | 52 700.00 | USD | 72 660.54 | 8.4.2021 | 50.97 | 0.00 |
| Total Forward Foreign Exchange contracts | -2 239 981.56 | -0.16 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 25 125 964.18 | 1.85 |
| Bank overdraft and other short-term liabilities | -28.32 | 0.00 |
| Other assets and liabilities | -5 910 058.01 | -0.44 |
| Total net assets | 1 361 212 552.87 | 100.00 |

UBS (Lux) Key Selection SICAV – Digital Transformation Themes (USD) Semi-Annual Report as of 31 March 2021

Translation (ENFR, 2021-03-31):
# UBS (Lux) Key Selection SICAV
– Digital Transformation Themes (USD)
| Données principales |  |
| --- | --- |
|  | ISIN | 31.3.2021 | 30.9.2020 |
| Actif net en USD |  | 1 361 212 552.87 | 1 173 862 788.93 |
| Catégorie F-acc 1 | LU2198972270 |  |  |
| Actions en circulation |  | 8 170 732.7170 | 9 197 967.3030 |
| Valeur nette d’inventaire par action en USD |  | 129.13 | 109.77 |
| Prix d’émission et de rachat par action en USD 2 |  | 129.13 | 109.77 |
| Catégorie (EUR hedged) F-dist 3 | LU2206586609 |  |  |
| Actions en circulation |  | 108 434.8830 | 115 509.8830 |
| Valeur nette d’inventaire par action en EUR |  | 122.34 | 104.76 |
| Prix d’émission et de rachat par action en EUR 2 |  | 122.34 | 104.76 |
| Catégorie F-UKdist 1 | LU2198973245 |  |  |
| Actions en circulation |  | 205 715.0000 | 159 993.0000 |
| Valeur nette d’inventaire par action en USD |  | 129.13 | 109.77 |
| Prix d’émission et de rachat par action en USD 2 |  | 129.13 | 109.77 |
| Catégorie I-X-acc 4 | LU2054467290 |  |  |
| Actions en circulation |  | 100.0000 | 100.0000 |
| Valeur nette d’inventaire par action en USD |  | 180.14 | 152.64 |
| Prix d’émission et de rachat par action en USD 2 |  | 180.14 | 152.64 |
| Catégorie K-X-acc 5 | LU2211527788 |  |  |
| Actions en circulation |  | 534 686.9100 | 572 813.6780 |
| Valeur nette d’inventaire par action en USD |  | 112.54 | 95.38 |
| Prix d’émission et de rachat par action en USD 2 |  | 112.54 | 95.38 |
| Catégorie P-acc 4 | LU2054465674 |  |  |
| Actions en circulation |  | 385 568.8780 | 101 712.7880 |
| Valeur nette d’inventaire par action en USD |  | 177.00 | 151.30 |
| Prix d’émission et de rachat par action en USD 2 |  | 177.00 | 151.30 |
| Catégorie (CHF hedged) P-acc 4 | LU2054466649 |  |  |
| Actions en circulation |  | 79 054.2090 | 41 078.4420 |
| Valeur nette d’inventaire par action en CHF |  | 173.76 | 149.95 |
| Prix d’émission et de rachat par action en CHF 2 |  | 173.76 | 149.95 |
| Catégorie (EUR hedged) P-acc 4 | LU2054466219 |  |  |
| Actions en circulation |  | 33 300.1380 | 13 059.5950 |
| Valeur nette d’inventaire par action en EUR |  | 174.25 | 150.06 |
| Prix d’émission et de rachat par action en EUR 2 |  | 174.25 | 150.06 |
| Catégorie Q-acc 4 | LU2054465831 |  |  |
| Actions en circulation |  | 258 976.3540 | 176 692.2890 |
| Valeur nette d’inventaire par action en USD |  | 178.40 | 151.89 |
| Prix d’émission et de rachat par action en USD 2 |  | 178.40 | 151.89 |
| Catégorie (CHF hedged) Q-acc 4 | LU2054466995 |  |  |
| Actions en circulation |  | 130 511.6300 | 65 297.5650 |
| Valeur nette d’inventaire par action en CHF |  | 175.13 | 150.53 |
| Prix d’émission et de rachat par action en CHF 2 |  | 175.13 | 150.53 |
| Catégorie (EUR hedged) Q-acc 4 | LU2054466482 |  |  |
| Actions en circulation |  | 122 576.5730 | 51 583.5080 |
| Valeur nette d’inventaire par action en EUR |  | 175.62 | 150.64 |
| Prix d’émission et de rachat par action en EUR 2 |  | 175.62 | 150.64 |
| Catégorie (GBP hedged) Q-acc 6 | LU2078554057 |  |  |
| Actions en circulation |  | 106 757.4640 | 49 070.0470 |
| Valeur nette d’inventaire par action en GBP |  | 124.39 | 106.30 |
| Prix d’émission et de rachat par action en GBP 2 |  | 124.39 | 106.30 |
| 1  Première VNI 6.7.2020 2  Voir note 1 3  Première VNI 28.7.2020 4  Première VNI 6.4.2020 5  Première VNI 2.9.2020 6  Première VNI 27.7.2020 |  |  |  |

UBS (Lux) Key Selection SICAV – Digital Transformation Themes (USD) Rapport semestriel au 31 mars 2021

## Structure du portefeuille-titres
Répartition géographique en % de l’actif net	
| Etats-Unis | 71.75 |
| --- | --- |
| Chine | 11.13 |
| Pays-Bas | 4.00 |
| Taïwan | 2.62 |
| Corée du Sud | 2.43 |
| Bermudes | 2.05 |
| Irlande | 1.77 |
| Canada | 1.55 |
| Singapour | 1.45 |
| Total | 98.75 |

Répartition économique en % de l’actif net	
| Internet, logiciels et services informatiques | 34.82 |
| --- | --- |
| Electronique et semi-conducteurs | 19.06 |
| Banques & instituts de crédit | 9.23 |
| Services divers | 6.69 |
| Etablissements financiers et sociétés de participation | 5.93 |
| Commerce de détail, centres commerciaux | 4.08 |
| Produits pharmaceutiques, cosmétiques & médicaux | 3.34 |
| Textiles, habillement & maroquinerie | 3.22 |
| Soins de santé & services sociaux | 2.07 |
| Biotechnologie | 1.84 |
| Industrie graphique, édition et médias | 1.79 |
| Télécommunications | 1.59 |
| Assurances | 1.51 |
| Equipement informatique et de réseau | 1.39 |
| Diverses sociétés non classées | 1.27 |
| Véhicules | 0.92 |
| Total | 98.75 |

UBS (Lux) Key Selection SICAV – Digital Transformation Themes (USD)
Rapport semestriel au 31 mars 2021

## Etat des actifs nets
Actif	31.3.2021
USD
Portefeuille-titres, cours d’achat	1 115 960 170.90
| Portefeuille-titres, plus-/(moins)-value non réalisée | 	228 276 485.68	 |
| --- | --- |
| Total du Portefeuille-titres (note 1) | 1 344 236 656.58 |
| Avoirs en banque, dépôts à vue et à terme | 25 125 964.18 |
| Créances sur souscriptions | 4 308 182.36 |
| Créances sur dividendes | 323 641.00 |
| Autres créances | 58 160.57 |
| Total de l’Actif | 1 374 052 604.69 |
|  |  |
| Passif |  |
| Perte non réalisée sur contrats de change à terme (note 1) | -2 239 981.56 |
| Crédit en compte courant | -28.32 |
| Engagements sur achats de titres (note 1) | -7 340 549.43 |
| Engagements sur rachats | -2 765 874.62 |
| Provisions pour commission de gestion forfaitaire (note 2) | -424 797.70 |
| Provisions pour taxe d’abonnement (note 3) | -60 424.99 |
| Provisions pour autres commissions et frais (note 2) | 	-8 395.20	 |
| Total des Provisions pour frais | -493 617.89 |
| Total du Passif | -12 840 051.82 |
|  |  |
| Actif net à la fin de la période | 1 361 212 552.87 |
| Etat des opérations | USD |
| Revenus | 1.10.2020-31.3.2021 |
| Dividendes (note 1) | 1 863 975.11 |
| Revenus sur prêts de titres (note 14) | 218 768.07 |
| Autres revenus (note 4) | 27 886.41 |
| Total des Revenus | 2 110 629.59 |
|  |  |
| Charges |  |
| Commission de gestion forfaitaire (note 2) | -4 562 495.43 |
| Taxe d’abonnement (note 3) | -116 307.33 |
| Frais sur prêts de titres (note 14) | -87 507.23 |
| Autres commissions et frais (note 2) | -120 714.81 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -437.36 |
| Total des Charges | -4 887 462.16 |
|  |  |
| Revenus/pertes net(te)s de placements | -2 776 832.57 |
|  |  |
| Bénéfices/(pertes) réalisé(e)s (note 1) |  |
| Bénéfice/(perte) réalisé(e) sur titres évalués à la valeur de marché hors options | 59 981 103.81 |
| Bénéfice/(perte) réalisé(e) sur contrats de change à terme | 815 552.09 |
| Bénéfice/(perte) de change réalisé(e) | -827 176.57 |
| Total des Bénéfices/(pertes) réalisé(e)s | 59 969 479.33 |
|  |  |
| Bénéfice/(perte) net(te) réalisé(e) au cours de la période | 57 192 646.76 |
|  |  |
| Fluctuations de la plus-/(moins)-value non réalisée (note 1) |  |
| Plus-/(moins)-value non réalisée sur titres évalués à la valeur de marché hors options | 146 606 770.44 |
| Plus-/(moins)-value non réalisée sur contrats de change à terme | -1 631 973.68 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 144 974 796.76 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 202 167 443.52 |

UBS (Lux) Key Selection SICAV – Digital Transformation Themes (USD) Rapport semestriel au 31 mars 2021
| Fluctuations de l’actif net |  |
| --- | --- |
|  | USD |
|  | 1.10.2020-31.3.2021 |
| Actif net au début de la période | 1 173 862 788.93 |
| Souscriptions | 275 727 647.71 |
| Rachats | 	-290 545 327.29	 |
| Total des Entrées/(sorties) de capitaux | -14 817 679.58 |
| Revenus/pertes net(te)s de placements | -2 776 832.57 |
| Total des Bénéfices/(pertes) réalisé(e)s | 59 969 479.33 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 	144 974 796.76	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 202 167 443.52 |
| Actif net à la fin de la période | 1 361 212 552.87 |
| Evolution des actions en circulation |  |
|  | 1.10.2020-31.3.2021 |
| Catégorie | F-acc |
| Nombre d’actions en circulation au début de la période | 9 197 967.3030 |
| Nombre d’actions émises | 1 028 578.8800 |
| Nombre d’actions rachetées | -2 055 813.4660 |
| Nombre d’actions en circulation à la fin de la période | 8 170 732.7170 |
| Catégorie | (EUR hedged) F-dist |
| Nombre d’actions en circulation au début de la période | 115 509.8830 |
| Nombre d’actions émises | 25 910.0000 |
| Nombre d’actions rachetées | -32 985.0000 |
| Nombre d’actions en circulation à la fin de la période | 108 434.8830 |
| Catégorie | F-UKdist |
| Nombre d’actions en circulation au début de la période | 159 993.0000 |
| Nombre d’actions émises | 81 292.0000 |
| Nombre d’actions rachetées | -35 570.0000 |
| Nombre d’actions en circulation à la fin de la période | 205 715.0000 |
| Catégorie | I-X-acc |
| Nombre d’actions en circulation au début de la période | 100.0000 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 100.0000 |
| Catégorie | K-X-acc |
| Nombre d’actions en circulation au début de la période | 572 813.6780 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -38 126.7680 |
| Nombre d’actions en circulation à la fin de la période | 534 686.9100 |
| Catégorie | P-acc |
| Nombre d’actions en circulation au début de la période | 101 712.7880 |
| Nombre d’actions émises | 308 070.6540 |
| Nombre d’actions rachetées | -24 214.5640 |
| Nombre d’actions en circulation à la fin de la période | 385 568.8780 |
| Catégorie | (CHF hedged) P-acc |
| Nombre d’actions en circulation au début de la période | 41 078.4420 |
| Nombre d’actions émises | 48 573.9220 |
| Nombre d’actions rachetées | -10 598.1550 |
| Nombre d’actions en circulation à la fin de la période | 79 054.2090 |
| Catégorie | (EUR hedged) P-acc |
| Nombre d’actions en circulation au début de la période | 13 059.5950 |
| Nombre d’actions émises | 26 157.7890 |
| Nombre d’actions rachetées | -5 917.2460 |
| Nombre d’actions en circulation à la fin de la période | 33 300.1380 |
| Catégorie | Q-acc |
| Nombre d’actions en circulation au début de la période | 176 692.2890 |
| Nombre d’actions émises | 102 795.0360 |
| Nombre d’actions rachetées | -20 510.9710 |
| Nombre d’actions en circulation à la fin de la période | 258 976.3540 |
| Catégorie | (CHF hedged) Q-acc |
| Nombre d’actions en circulation au début de la période | 65 297.5650 |
| Nombre d’actions émises | 76 754.3950 |
| Nombre d’actions rachetées | -11 540.3300 |
| Nombre d’actions en circulation à la fin de la période | 130 511.6300 |
| Catégorie | (EUR hedged) Q-acc |
| Nombre d’actions en circulation au début de la période | 51 583.5080 |
| Nombre d’actions émises | 97 607.4150 |
| Nombre d’actions rachetées | -26 614.3500 |
| Nombre d’actions en circulation à la fin de la période | 122 576.5730 |
| Catégorie | (GBP hedged) Q-acc |
| Nombre d’actions en circulation au début de la période | 49 070.0470 |
| Nombre d’actions émises | 60 544.1160 |
| Nombre d’actions rachetées | -2 856.6990 |
| Nombre d’actions en circulation à la fin de la période | 106 757.4640 |

UBS (Lux) Key Selection SICAV – Digital Transformation Themes (USD)
Rapport semestriel au 31 mars 2021
| Distribution annuelle 1 |  |
| --- | --- |
| UBS (Lux) Key Selection SICAV – Digital Transformation Themes (USD) | Date de détachement | Date de versement | Devise | Montant par action |
| (EUR hedged) F-dist | 15.10.2020 | 20.10.2020 | EUR | 0.00 |
| F-UKdist | 1.12.2020 | 4.12.2020 | USD | 0.00 |
| 1  Voir note 5 |  |  |  |  |

UBS (Lux) Key Selection SICAV – Digital Transformation Themes (USD) Rapport semestriel au 31 mars 2021

## Etat du portefeuille-titres et autres actifs nets au 31 mars 2021
|  | Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
| Titres | et instruments du marché monétaire négociés sur une bourse officielle |  |  |  |
| Actions | au porteur |  |  |  |
| Chine |  |  |  |  |
| HKD | PING AN INSURANCE ‘H’CNY1 | 1 721 000.00 | 20 487 436.41 | 1.50 |
| HKD | TENCENT HLDGS LIMI HKD0.00002 | 438 300.00 | 34 389 956.84 | 2.53 |
| Total Chine |  | 54 877 393.25 | 4.03 |
| Corée du Sud |  |  |  |
| KRW	SK HYNIX INC KRW5000 | 214 539.00 | 25 117 221.49 | 1.85 |
| Total Corée du Sud |  | 25 117 221.49 | 1.85 |
| Etats-Unis |  |  |  |
| USD	ARISTA NETWORKS IN COM USD0.0001 | 70 902.00 | 21 404 604.78 | 1.57 |
| USD	COUPA SOFTWARE INC COM USD0.0001 | 64 364.00 | 16 379 350.72 | 1.20 |
| USD	DEXCOM INC COM | 36 715.00 | 13 195 003.85 | 0.97 |
| USD	HUBSPOT INC COM USD0.001 | 57 090.00 | 25 930 848.90 | 1.91 |
| USD	INTUITIVE SURGICAL COM USD0.001 | 34 312.00 | 25 354 509.28 | 1.86 |
| USD	JP MORGAN CHASE & COM USD1 | 210 957.00 | 32 113 984.11 | 2.36 |
| USD	QORVO INC COM USD 0.0001 | 150 985.00 | 27 584 959.50 | 2.03 |
| USD	S&P GLOBAL INC COM USD1 | 69 142.00 | 24 398 137.54 | 1.79 |
| USD	SPLUNK INC COM USD0.001 | 127 275.00 | 17 243 217.00 | 1.27 |
| USD	TELADOC HEALTH INC COM USD0.001 | 54 761.00 | 9 952 811.75 | 0.73 |
| USD	THE TRADE DESK INC COM USD0.000001 CL A | 39 099.00 | 25 479 254.34 | 1.87 |
| USD	TRANSUNION COM USD0.01 | 156 153.00 | 14 053 770.00 | 1.03 |
| USD	UNIVERSAL DISPLAY COM USD0.01 | 110 357.00 | 26 129 226.89 | 1.92 |
| USD	ZSCALER INC COM USD0.001 | 120 340.00 | 20 658 767.80 | 1.52 |
| Total Etats-Unis |  | 299 878 446.46 | 22.03 |
| Total des Actions au porteur |  | 379 873 061.20 | 27.91 |
| Actions nominatives |  |  |  |
| Canada |  |  |  |
| USD	LULULEMON ATHLETIC COM STK USD0.01	68 640.00 | 21 052 574.40 | 1.55 |
| Total Canada | 21 052 574.40 | 1.55 |
| Chine |  |  |  |  |
| HKD | ALIBABA GROUP HLDG USD1 | 1 089 400.00 | 30 827 646.97 | 2.27 |
| HKD | WUXI APPTEC CO LTD CNY1 H | 645 432.00 | 12 693 702.16 | 0.93 |
| Total Chine | 43 521 349.13 | 3.20 |
| Irlande |  |  |  |  |
| USD | ACCENTURE PLC SHS CL A ‘NEW’ | 87 081.00 | 24 056 126.25 | 1.77 |
| Total Irlande	24 056 126.25	1.77 |
| Pays-Bas |  |  |  |  |
| EUR | ADYEN NV EUR0.01 | 9 840.00 | 22 013 886.13 | 1.62 |
| EUR | ASML HOLDING NV EUR0.09 | 53 417.00 | 32 457 777.05 | 2.38 |
| Total Pays-Bas |  | 54 471 663.18 | 4.00 |
| Corée du Sud |  |  |  |
| USD	COUPANG INC COM USD0.0001 A | 160 807.00 | 7 935 825.45 | 0.58 |
| Total Corée du Sud |  | 7 935 825.45 | 0.58 |
| Etats-Unis |  |  |  |
| USD	10X GENOMICS INC COM USD0.00001 CLASS A | 68 155.00 | 12 336 055.00 | 0.91 |
| USD	ADVANCED MICRO DEV COM USD0.01 | 173 108.00 | 13 588 978.00 | 1.00 |
| USD	AFFIRM HLDGS INC COM USD0.00001 CLASS A | 98 180.00 | 6 943 289.60 | 0.51 |
| USD	AIRBNB INC USD0.0001 A | 4 389.00 | 824 868.66 | 0.06 |
| USD	ALPHABET INC CAP STK USD0.001 CL A | 19 283.00 | 39 771 573.16 | 2.92 |
| USD	AMAZON COM INC COM USD0.01 | 15 401.00 | 47 651 926.08 | 3.50 |
| USD	ANALOG DEVICES INC COM | 204 432.00 | 31 703 314.56 | 2.33 |
| USD	APPLE INC COM NPV | 155 056.00 | 18 940 090.40 | 1.39 |
| USD	APPLIED MATLS INC COM | 293 171.00 | 39 167 645.60 | 2.88 |
| USD	AUTODESK INC COM USD0.01 | 90 564.00 | 25 099 812.60 | 1.84 |
| USD	BOOKING HLDGS INC COM USD0.008 | 5 993.00 | 13 962 731.12 | 1.03 |
| USD	BUMBLE INC COM USD0.01 A | 147 651.00 | 9 210 469.38 | 0.68 |
| USD	CAPITAL ONE FINL COM USD0.01 | 193 029.00 | 24 559 079.67 | 1.80 |
| USD	GLOBAL PAYMENTS COM NPV | 118 757.00 | 23 939 036.06 | 1.76 |
| USD	IAA INC COM USD0.01 | 227 952.00 | 12 569 273.28 | 0.92 |
| USD	IAC/INTERACTIVECOR COM USD0.001 | 87 708.00 | 18 972 117.48 | 1.39 |
| USD	MASTERCARD INC COM USD0.0001 CLASS ‘A’ | 39 012.00 | 13 890 222.60 | 1.02 |
| USD	MATCH GRP INC NEW COM NPV | 157 786.00 | 21 676 640.68 | 1.59 |
| USD	MICROSOFT CORP COM USD0.0000125 | 264 927.00 | 62 461 838.79 | 4.59 |
| USD	NETFLIX INC COM USD0.001 | 40 669.00 | 21 215 390.54 | 1.56 |
| USD	NIKE INC CLASS’B’COM NPV | 171 165.00 | 22 746 116.85 | 1.67 |
| USD	NVIDIA CORP COM USD0.001 | 44 469.00 | 23 743 333.17 | 1.75 |
| USD	PALO ALTO NETWORKS COM USD0.0001 | 62 473.00 | 20 120 054.38 | 1.48 |
| USD	PINTEREST INC COM USD0.00001 CL A | 208 327.00 | 15 422 447.81 | 1.13 |
| USD	SALESFORCE.COM INC COM USD0.001 | 93 029.00 | 19 710 054.23 | 1.45 |
| USD	SCHRODINGER INC COM USD0.01 | 89 917.00 | 6 859 767.93 | 0.50 |
| USD	SCHWAB(CHARLES)CP COM USD0.01 | 360 090.00 | 23 470 666.20 | 1.72 |
| USD	SERVICENOW INC COM USD0.001 | 47 952.00 | 23 981 274.72 | 1.76 |
| USD	VISA INC COM STK USD0.0001 | 156 287.00 | 33 090 646.51 | 2.43 |
| USD	WALT DISNEY CO. DISNEY COM USD0.01 | 158 345.00 | 29 217 819.40 | 2.15 |
| Total Etats-Unis |  | 676 846 534.46 | 49.72 |
| Total des Actions nominatives |  | 827 884 072.87 | 60.82 |

UBS (Lux) Key Selection SICAV – Digital Transformation Themes (USD)
Rapport semestriel au 31 mars 2021
| Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
| Depository Receipts |  |  |  |
| Chine |  |  |  |
| USD	NETEASE INC ADR REP 25 COM USD0.0001 | 169 865.00 | 17 540 259.90 | 1.29 |
| USD	NEW ORIENTAL ED & TECH GRP INC SPON ADR | 1 235 020.00 | 17 290 280.00 | 1.27 |
| USD	TAL EDUCATION GRP ADS EA REPR 2 CL A ORD SHS | 339 617.00 | 18 288 375.45 | 1.34 |
| Total Chine |  | 53 118 915.35 | 3.90 |
| Singapour |  |  |  |
| USD	SEA LTD ADS EACH REP ONE CL A SHS | 88 300.00 | 19 711 209.00 | 1.45 |
| Total Singapour |  | 19 711 209.00 | 1.45 |
| Taïwan |  |  |  |
| USD	TAIWAN SEMICON MAN ADS REP 5 ORD TWD10 | 301 800.00 | 35 696 904.00 | 2.62 |
| Total Taïwan |  | 35 696 904.00 | 2.62 |
| Total des Depository Receipts |  | 108 527 028.35 | 7.97 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 1 316 284 162.42 | 96.70 |

Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé
Actions au porteur
Bermudes
| USD | MARVELL TECH GROUP COM USD0.002 | 570 692.00 | 27 952 494.16 | 2.05 |
| --- | --- | --- | --- | --- |
| Total Bermudes | 27 952 494.16 | 2.05 |
| Total des Actions au porteur | 27 952 494.16 | 2.05 |
| Total des Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé | 27 952 494.16 | 2.05 |
| Total du Portefeuille-titres | 1 344 236 656.58 | 98.75 |
| Contrats de change à terme Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |

| EUR | 43 037 300.00 | USD | 51 842 219.44 | 8.4.2021 | -1 254 383.93 | -0.09 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 35 931 900.00 | USD | 38 996 511.01 | 8.4.2021 | -812 045.79 | -0.06 |
| GBP | 12 878 800.00 | USD | 17 965 604.03 | 8.4.2021 | -196 401.70 | -0.01 |
| CHF | 189 400.00 | USD | 204 874.50 | 8.4.2021 | -3 601.04 | 0.00 |
| USD | 3 775 819.89 | EUR | 3 168 200.00 | 8.4.2021 | 51 785.61 | 0.00 |
| USD | 2 713 139.55 | CHF | 2 524 400.00 | 8.4.2021 | 30 485.31 | 0.00 |
| USD | 1 074 590.34 | GBP | 778 100.00 | 8.4.2021 | 1 026.32 | 0.00 |
| USD | 163 099.96 | EUR | 137 200.00 | 8.4.2021 | 1 829.36 | 0.00 |
| CHF | 110 100.00 | USD | 118 026.76 | 8.4.2021 | -1 024.61 | 0.00 |
| GBP | 270 400.00 | USD | 374 294.01 | 8.4.2021 | -1 216.37 | 0.00 |
| CHF | 229 600.00 | USD | 247 157.45 | 8.4.2021 | -3 163.86 | 0.00 |
| CHF | 295 300.00 | USD | 317 357.42 | 8.4.2021 | -3 545.11 | 0.00 |
| USD | 249 809.19 | EUR | 209 700.00 | 8.4.2021 | 3 319.07 | 0.00 |
| EUR | 760 200.00 | USD | 910 083.08 | 8.4.2021 | -16 512.33 | 0.00 |
| CHF | 279 100.00 | USD | 301 933.09 | 8.4.2021 | -5 336.35 | 0.00 |
| GBP | 427 900.00 | USD | 594 504.71 | 8.4.2021 | -4 120.38 | 0.00 |
| CHF | 201 700.00 | USD | 217 528.97 | 8.4.2021 | -3 184.43 | 0.00 |
| EUR | 1 589 700.00 | USD | 1 890 472.99 | 8.4.2021 | -21 873.38 | 0.00 |
| GBP | 86 800.00 | USD | 120 398.33 | 8.4.2021 | -638.20 | 0.00 |
| CHF | 1 362 900.00 | USD | 1 471 341.07 | 8.4.2021 | -23 001.08 | 0.00 |
| CHF | 97 200.00 | USD | 104 793.64 | 8.4.2021 | -1 500.19 | 0.00 |
| GBP | 460 800.00 | USD | 639 543.81 | 8.4.2021 | -3 766.53 | 0.00 |
| CHF | 235 300.00 | USD | 253 379.62 | 8.4.2021 | -3 328.70 | 0.00 |
| CHF | 191 300.00 | USD | 205 819.83 | 8.4.2021 | -2 527.26 | 0.00 |
| USD | 929 147.79 | CHF | 857 500.00 | 8.4.2021 | 17 891.25 | 0.00 |
| USD | 1 168 160.95 | EUR | 977 700.00 | 8.4.2021 | 18 931.64 | 0.00 |
| EUR | 173 200.00 | USD | 205 683.56 | 8.4.2021 | -2 097.06 | 0.00 |
| CHF | 324 700.00 | USD | 348 331.92 | 8.4.2021 | -3 276.53 | 0.00 |
| GBP | 91 500.00 | USD | 126 252.84 | 8.4.2021 | -8.00 | 0.00 |
| USD | 538 658.37 | EUR | 455 400.00 | 8.4.2021 | 3 362.24 | 0.00 |
| CHF | 93 000.00 | USD | 99 397.91 | 8.4.2021 | -567.75 | 0.00 |
| USD | 752 726.64 | GBP | 545 800.00 | 8.4.2021 | -327.27 | 0.00 |
| CHF | 93 500.00 | USD | 99 584.62 | 8.4.2021 | -223.12 | 0.00 |
| EUR | 152 400.00 | USD | 179 488.64 | 8.4.2021 | -351.33 | 0.00 |
| CHF | 140 700.00 | USD | 150 020.90 | 8.4.2021 | -500.44 | 0.00 |
| USD | 72 660.13 | GBP | 52 700.00 | 6.4.2021 | -50.32 | 0.00 |
| USD | 338 319.38 | EUR | 287 900.00 | 8.4.2021 | -90.27 | 0.00 |
| GBP | 52 700.00 | USD | 72 660.54 | 8.4.2021 | 50.97 | 0.00 |
| Total des Contrats de change à terme | -2 239 981.56 | -0.16 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 25 125 964.18 | 1.85 |
| Crédit en compte courant et autres engagements à court terme | -28.32 | 0.00 |
| Autres actifs et passifs | -5 910 058.01 | -0.44 |
| Total de l’Actif net | 1 361 212 552.87 | 100.00 |

UBS (Lux) Key Selection SICAV – Digital Transformation Themes (USD) Rapport semestriel au 31 mars 2021