# UBS (Lux) Equity SICAV – Global Impact (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| Net assets in USD |  | 81 934 101.08 | 66 594 475.79 | 92 712 397.12 |
| Class (EUR hedged) I-A2-acc 1 | LU1941812213 |  |  |  |
| Shares outstanding |  | - | - | 125 384.6010 |
| Net asset value per share in EUR |  | - | - | 96.90 |
| Issue and redemption price per share in EUR 2 |  | - | - | 96.90 |
| Class P-acc | LU1679116845 |  |  |  |
| Shares outstanding |  | 15 538.3180 | 15 822.2060 | 19 563.8800 |
| Net asset value per share in USD |  | 118.79 | 96.19 | 94.70 |
| Issue and redemption price per share in USD 2 |  | 118.79 | 96.19 | 94.70 |
| Class (EUR hedged) P-acc | LU1679117579 |  |  |  |
| Shares outstanding |  | 463 251.4250 | 494 941.4730 | 586 715.8010 |
| Net asset value per share in EUR |  | 108.99 | 89.06 | 90.35 |
| Issue and redemption price per share in EUR 2 |  | 108.99 | 89.06 | 90.35 |
| Class Q-acc | LU1679117140 |  |  |  |
| Shares outstanding |  | 12 871.4400 | 14 733.2760 | 19 206.4450 |
| Net asset value per share in USD |  | 121.42 | 97.98 | 95.78 |
| Issue and redemption price per share in USD 2 |  | 121.42 | 97.98 | 95.78 |
| Class (EUR hedged) Q-acc | LU1679117819 |  |  |  |
| Shares outstanding |  | 69 214.6550 | 76 803.6180 | 92 868.5290 |
| Net asset value per share in EUR |  | 111.40 | 90.71 | 91.38 |
| Issue and redemption price per share in EUR 2 |  | 111.40 | 90.71 | 91.38 |
| Class (EUR hedged) Q-dist | LU1815428377 |  |  |  |
| Shares outstanding | 70 450.9390 | 71 050.9390 | 71 050.9390 |
| Net asset value per share in EUR | 105.67 | 86.63 | 87.85 |
| Issue and redemption price per share in EUR 2 | 105.67 | 86.63 | 87.85 |
| 1  For the period from 13.2.2019 to 14.6.2019 the share class (EUR hedged) I-A2-acc was in circulation 2  See note 1 |  |  |  |
| Structure of the Securities Portfolio |  |  |  |

Geographical Breakdown as a % of net assets	
United States	51.12
Germany	7.37
United Kingdom	6.75
Ireland	5.08
Japan	4.55
Italy	2.95
Denmark	2.67
Indonesia	2.27
The Netherlands	2.25
Norway	1.99
Austria	1.94
China	1.78
Australia	1.74
Switzerland	1.67
Hong Kong	1.61
New Zealand	1.08
Portugal	1.03
Canada	0.45
Total	98.30
Economic Breakdown as a % of net assets	
Electronics & semiconductors	14.51
Finance & holding companies	10.25
Pharmaceuticals, cosmetics & medical products	8.83
Biotechnology	6.16
Food & soft drinks	5.84
Vehicles	5.68
Internet, software & IT services	5.17
Chemicals	4.43
Banks & credit institutions	4.21
Mechanical engineering & industrial equipment	3.79
Environmental services & recycling	3.72
Petroleum	3.02
Telecommunications	2.95
Building industry & materials	2.83
Rubber & tyres	2.26
Retail trade, department stores	2.25
Traffic & transportation	1.97
Miscellaneous consumer goods	1.81
Real Estate	1.81
Miscellaneous unclassified companies	1.77
Packaging industry	1.74
Mortgage & funding institutions	1.42
Healthcare & social services	1.39
Investment funds	0.49
Total	98.30
UBS (Lux) Equity SICAV – Global Impact (USD) Semi-Annual Report as of 30 November 2020

## Statement of Net Assets
Assets	30.11.2020
USD
Investments in securities, cost	65 524 448.81
| Investments in securities, unrealized appreciation (depreciation) | 	15 015 023.16	 |
| --- | --- |
| Total investments in securities (Note 1) | 80 539 471.97 |
| Cash at banks, deposits on demand and deposit accounts | 771 062.08 |
| Receivable on subscriptions | 4 409.88 |
| Receivable on dividends | 129 015.37 |
| Other receivables | 116 333.78 |
| Unrealized gain on forward foreign exchange contracts (Note 1) | 486 499.72 |
| Total Assets | 82 046 792.80 |
|  |  |
| Liabilities |  |
| Payable on redemptions | -55 068.14 |
| Provisions for flat fee (Note 2) | -46 576.13 |
| Provisions for taxe d’abonnement (Note 3) | -6 790.76 |
| Provisions for other commissions and fees (Note 2) | 	-4 256.69	 |
| Total provisions | -57 623.58 |
| Total Liabilities | -112 691.72 |
|  |  |
| Net assets at the end of the period | 81 934 101.08 |
| Statement of Operations | USD |
| Income | 1.6.2020-30.11.2020 |
| Interest on liquid assets | 200.10 |
| Dividends | 421 952.99 |
| Income on securities lending (Note 14) | 18 778.75 |
| Other income (Note 4) | 2 132.13 |
| Total income | 443 063.97 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -516 006.52 |
| Taxe d’abonnement (Note 3) | -19 266.84 |
| Cost on securities lending (Note 14) | -7 511.50 |
| Other commissions and fees (Note 2) | -4 576.09 |
| Interest on cash and bank overdraft | -50.68 |
| Total expenses | -547 411.63 |
|  |  |
| Net income (loss) on investments | -104 347.66 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | -1 600 783.17 |
| Realized gain (loss) on forward foreign exchange contracts | 5 535 650.90 |
| Realized gain (loss) on foreign exchange | 348 614.39 |
| Total realized gain (loss) | 4 283 482.12 |
|  |  |
| Net realized gain (loss) of the period | 4 179 134.46 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 17 279 709.63 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -1 238 121.81 |
| Total changes in unrealized appreciation (depreciation) | 16 041 587.82 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 20 220 722.28 |

UBS (Lux) Equity SICAV – Global Impact (USD) Semi-Annual Report as of 30 November 2020
| Changes in Net Assets |  |
| --- | --- |
|  |  | USD |
|  |  | 1.6.2020-30.11.2020 |
| Net assets at the beginning of the period |  | 66 594 475.79 |
| Subscriptions |  | 1 256 411.21 |
| Redemptions |  | 	-6 085 410.15	 |
| Total net subscriptions (redemptions) |  | -4 828 998.94 |
| Dividend paid |  | -52 098.05 |
| Net income (loss) on investments |  | -104 347.66 |
| Total realized gain (loss) |  | 4 283 482.12 |
| Total changes in unrealized appreciation (depreciation) |  | 	16 041 587.82	 |
| Net increase (decrease) in net assets as a result of operations |  | 20 220 722.28 |
| Net assets at the end of the period |  | 81 934 101.08 |
| Changes in the Number of Shares outstanding |  |  |
|  |  | 1.6.2020-30.11.2020 |
| Class |  | P-acc |
| Number of shares outstanding at the beginning of the period |  | 15 822.2060 |
| Number of shares issued |  | 1 177.1380 |
| Number of shares redeemed |  | -1 461.0260 |
| Number of shares outstanding at the end of the period |  | 15 538.3180 |
| Class |  | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the period |  | 494 941.4730 |
| Number of shares issued |  | 5 681.4840 |
| Number of shares redeemed |  | -37 371.5320 |
| Number of shares outstanding at the end of the period |  | 463 251.4250 |
| Class |  | Q-acc |
| Number of shares outstanding at the beginning of the period |  | 14 733.2760 |
| Number of shares issued |  | 2 902.0000 |
| Number of shares redeemed |  | -4 763.8360 |
| Number of shares outstanding at the end of the period |  | 12 871.4400 |
| Class |  | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the period |  | 76 803.6180 |
| Number of shares issued |  | 1 427.1990 |
| Number of shares redeemed |  | -9 016.1620 |
| Number of shares outstanding at the end of the period |  | 69 214.6550 |
| Class |  | (EUR hedged) Q-dist |
| Number of shares outstanding at the beginning of the period |  | 71 050.9390 |
| Number of shares issued |  | 0.0000 |
| Number of shares redeemed |  | -600.0000 |
| Number of shares outstanding at the end of the period |  | 70 450.9390 |
| Annual Distribution 1 |  |  |
| UBS (Lux) Equity SICAV – Global Impact (USD)	Ex-Date | Pay-Date | Currency	Amount per share |
| (EUR hedged) Q-dist	3.8.2020 | 6.8.2020 | EUR	0.63 |
| 1  See note 5 |  |  |

UBS (Lux) Equity SICAV – Global Impact (USD) Semi-Annual Report as of 30 November 2020

## Statement of Investments in Securities and other Net Assets as of 30 November 2020
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Bearer shares |  |  |  |
| Australia |  |  |  |
| AUD	BRAMBLES LTD NPV | 176 274.00 | 1 423 566.97 | 1.74 |
| Total Australia |  | 1 423 566.97 | 1.74 |
| Austria |  |  |  |
| EUR	ERSTE GROUP BK AG NPV | 55 191.00 | 1 591 069.33 | 1.94 |
| Total Austria |  | 1 591 069.33 | 1.94 |
| Denmark |  |  |  |
| DKK	GENMAB AS DKK1 (BEARER) | 4 348.00 | 1 672 818.32 | 2.04 |
| Total Denmark |  | 1 672 818.32 | 2.04 |
| Germany |  |  |  |
| EUR	CONTINENTAL AG ORD NPV | 13 531.00 | 1 848 416.33 | 2.26 |
| Total Germany |  | 1 848 416.33 | 2.26 |
| Hong Kong |  |  |  |
| HKD	CHINA MENGNIU DAIR HKD0.1 | 260 000.00 | 1 314 672.68 | 1.60 |
| Total Hong Kong |  | 1 314 672.68 | 1.60 |
| Indonesia |  |  |  |
| IDR	BK MANDIRI IDR250 | 4 157 900.00 | 1 862 514.62 | 2.27 |
| Total Indonesia |  | 1 862 514.62 | 2.27 |
| The Netherlands |  |  |  |
| EUR	KONINKLIJKE AHOLD EUR0.01 | 64 274.00 | 1 844 460.57 | 2.25 |
| Total The Netherlands |  | 1 844 460.57 | 2.25 |
| New Zealand |  |  |  |
| NZD	FISHER & PAYKEL HE NPV | 35 172.00 | 887 902.23 | 1.08 |
| Total New Zealand |  | 887 902.23 | 1.08 |
| United Kingdom |  |  |  |
| USD	LIVANOVA PLC ORD GBP1.00 (DI) | 21 516.00 | 1 137 120.60 | 1.39 |
| GBP	SPECTRIS ORD GBP0.05 | 57 527.00 | 2 043 685.82 | 2.49 |
| Total United Kingdom |  | 3 180 806.42 | 3.88 |
| United States |  |  |  |
| USD	DIGITAL REALTY TRU COM STK USD0.01 | 10 991.00 | 1 481 037.25 | 1.81 |
| USD	DONALDSON INC COM | 21 356.00 | 1 136 993.44 | 1.39 |
| USD	ECOLAB INC COM | 9 789.00 | 2 174 626.35 | 2.65 |
| USD	INCYTE CORPORATION COM USD0.001 | 15 877.00 | 1 342 241.58 | 1.64 |
| USD	IPG PHOTONICS CORP COM USD0.0001 | 6 733.00 | 1 393 798.33 | 1.70 |
| USD	IRONWOOD PHARMACEU COM CL A USD0.001 | 88 194.00 | 1 015 994.88 | 1.24 |
| USD	MIRATI THERAPEUTIC COM NPV | 3 332.00 | 792 516.20 | 0.97 |
| USD	TRIMBLE INC COM NPV | 38 075.00 | 2 279 550.25 | 2.78 |
| USD	UNIVERSAL DISPLAY COM USD0.01 | 8 821.00 | 2 020 361.84 | 2.47 |
| USD	VMWARE INC COM STK USD0.01 CLASS ‘A’ | 13 050.00 | 1 825 564.50 | 2.23 |
| USD	ZENDESK INC COM USD0.01 | 13 893.00 | 1 854 715.50 | 2.26 |
| Total United States |  | 17 317 400.12 | 21.14 |
| Total Bearer shares |  | 32 943 627.59 | 40.20 |
| Preference shares |  |  |  |
| Germany |  |  |  |
| EUR	HENKEL AG&CO. KGAA NON-VTG PRF NPV	13 764.00 | 1 485 756.19 | 1.81 |
| Total Germany | 1 485 756.19 | 1.81 |
| Total Preference shares | 1 485 756.19 | 1.81 |

Registered shares
| Canada |  |
| --- | --- |
| USD | ZYMEWORKS INC COM NPV | 6 944.00 | 365 601.60 | 0.45 |
| Total Canada | 365 601.60 | 0.45 |
| Denmark |  |  |  |  |
| DKK | H.LUNDBECK A/S DKK5 | 16 852.00 | 516 866.89 | 0.63 |
| Total Denmark	516 866.89	0.63 |
| Germany |  |  |  |  |
| EUR | INFINEON TECHNOLOG AG NPV (REGD) | 76 529.00 | 2 702 378.58 | 3.30 |
| Total Germany	2 702 378.58	3.30 |
| Ireland |  |  |  |  |
| USD | APTIV PLC COM USD0.01 | 22 004.00 | 2 611 874.80 | 3.19 |
| EUR | KINGSPAN GROUP ORD EUR0.13(DUBLIN LISTING) | 13 148.00 | 1 150 476.69 | 1.40 |
| Total Ireland	3 762 351.49	4.59 |

UBS (Lux) Equity SICAV – Global Impact (USD) Semi-Annual Report as of 30 November 2020
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Italy |  |  |  |  |
| EUR | PRYSMIAN SPA EUR0.10 | 73 615.00 | 2 415 438.15 | 2.95 |
| Total Italy |  |  | 2 415 438.15 | 2.95 |
| Japan |  |  |  |  |
| JPY | SUMITOMO MITSUI FG NPV | 54 800.00 | 1 593 417.41 | 1.94 |
| JPY | TAKEDA PHARMACEUTI NPV | 59 490.00 | 2 136 562.46 | 2.61 |
| Total Japan | 3 729 979.87 | 4.55 |
| Norway |  |  |  |  |
| NOK | EQUINOR ASA NOK2.50 | 103 263.00 | 1 634 653.55 | 2.00 |
| Total Norway | 1 634 653.55 | 2.00 |
| Portugal |  |  |  |  |
| EUR | GALP ENERGIA EUR1-B | 77 821.00 | 841 901.25 | 1.03 |
| Total Portugal |  | 841 901.25 | 1.03 |
| Switzerland |  |  |  |
| CHF	ALCON AG CHF0.04 | 21 367.00 | 1 368 450.97 | 1.67 |
| Total Switzerland |  | 1 368 450.97 | 1.67 |
| United Kingdom |  |  |  |
| USD	LINDE PLC COM EUR0.001 | 9 187.00 | 2 355 730.54 | 2.87 |
| Total United Kingdom |  | 2 355 730.54 | 2.87 |
| United States |  |  |  |
| USD	ABBOTT LABS COM | 13 041.00 | 1 411 297.02 | 1.72 |
| USD	AGCO CORP COM USD0.01 | 21 268.00 | 1 967 502.68 | 2.40 |
| USD	AMERICAN WELL CORP COM USD0.01 CL A | 20 946.00 | 555 906.84 | 0.68 |
| USD	AVANTOR INC COM USD0.01 | 53 363.00 | 1 455 742.64 | 1.78 |
| USD	BLOOM ENERGY CORP COM USD0.0001 CL A | 47 484.00 | 1 164 307.68 | 1.42 |
| USD	BUNGE LIMITED COM USD0.01 | 23 906.00 | 1 407 824.34 | 1.72 |
| USD	CF INDS HLDGS INC COM | 44 317.00 | 1 653 024.10 | 2.02 |
| USD	CONAGRA BRANDS IN COM USD5 | 56 437.00 | 2 063 336.72 | 2.52 |
| USD	IGM BIOSCIENCES IN COM USD0.01 | 3 673.00 | 245 282.94 | 0.30 |
| USD	LKQ CORP COM | 57 888.00 | 2 038 815.36 | 2.49 |
| USD	LYFT INC COM USD0.00001 CLASS A | 42 395.00 | 1 618 217.15 | 1.97 |
| USD	MARAVAI LIFESCIENC USD0.01 A | 22 469.00 | 632 502.35 | 0.77 |
| USD	MASCO CORP COM | 21 720.00 | 1 165 712.40 | 1.42 |
| USD	MICRON TECHNOLOGY COM USD0.10 | 22 577.00 | 1 446 959.93 | 1.77 |
| USD	MONTROSE ENVIRONME COM USD0.000004 | 65 817.00 | 1 802 727.63 | 2.20 |
| USD	PPD INC COM USD0.01 | 36 083.00 | 1 262 905.00 | 1.54 |
| USD	PRELUDE THERAPEUTI COM USD0.0001 | 12 096.00 | 622 581.12 | 0.76 |
| USD	SEAGEN INC COM USD0.001 | 4 690.00 | 798 753.90 | 0.97 |
| USD	STERICYCLE INC COM | 17 742.00 | 1 249 746.48 | 1.53 |
| Total United States |  | 24 563 146.28 | 29.98 |
| Total Registered shares |  | 44 256 499.17 | 54.02 |
| Depository receipts |  |  |  |
| China |  |  |  |
| USD	NEW ORIENTAL ED & TECH GRP INC SPON ADR	8 823.00 | 1 454 471.55 | 1.78 |
| Total China | 1 454 471.55 | 1.78 |
| Total Depository receipts | 1 454 471.55 | 1.78 |
| Total Transferable securities and money market instruments listed on an official stock exchange | 80 140 354.50 | 97.81 |
| 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	SPDR ETFS EUROPE I PLC - SPDR MSCI ACWI ETF	2 473.00 | 399 117.47 | 0.49 |
| Total Ireland | 399 117.47 | 0.49 |
| Total Investment funds, open end | 399 117.47 | 0.49 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 399 117.47 | 0.49 |
| Total investments in securities | 80 539 471.97 | 98.30 |
| Forward Foreign Exchange contracts |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |

| EUR | 65 081 400.00 | USD | 77 475 631.98 | 21.1.2021 | 496 195.94 | 0.60 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 1 164 817.71 | EUR | 980 000.00 | 21.1.2021 | -9 287.20 | -0.01 |
| USD | 107 416.94 | EUR | 90 000.00 | 21.1.2021 | -409.02 | 0.00 |
| Total Forward Foreign Exchange contracts | 486 499.72 | 0.59 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 771 062.08 | 0.94 |
| Other assets and liabilities | 137 067.31 | 0.17 |
| Total net assets | 81 934 101.08 | 100.00 |

UBS (Lux) Equity SICAV – Global Impact (USD) Semi-Annual Report as of 30 November 2020

Translation (ENDE, 2020-11-30):
# UBS (Lux) Equity SICAV – Global Impact (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| Nettovermögen in USD |  | 81 934 101.08 | 66 594 475.79 | 92 712 397.12 |
| Klasse (EUR hedged) I-A2-acc 1 | LU1941812213 |  |  |  |
| Aktien im Umlauf |  | - | - | 125 384.6010 |
| Nettoinventarwert pro Aktie in EUR |  | - | - | 96.90 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | - | - | 96.90 |
| Klasse P-acc | LU1679116845 |  |  |  |
| Aktien im Umlauf |  | 15 538.3180 | 15 822.2060 | 19 563.8800 |
| Nettoinventarwert pro Aktie in USD |  | 118.79 | 96.19 | 94.70 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 118.79 | 96.19 | 94.70 |
| Klasse (EUR hedged) P-acc | LU1679117579 |  |  |  |
| Aktien im Umlauf |  | 463 251.4250 | 494 941.4730 | 586 715.8010 |
| Nettoinventarwert pro Aktie in EUR |  | 108.99 | 89.06 | 90.35 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 108.99 | 89.06 | 90.35 |
| Klasse Q-acc | LU1679117140 |  |  |  |
| Aktien im Umlauf |  | 12 871.4400 | 14 733.2760 | 19 206.4450 |
| Nettoinventarwert pro Aktie in USD |  | 121.42 | 97.98 | 95.78 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 121.42 | 97.98 | 95.78 |
| Klasse (EUR hedged) Q-acc | LU1679117819 |  |  |  |
| Aktien im Umlauf |  | 69 214.6550 | 76 803.6180 | 92 868.5290 |
| Nettoinventarwert pro Aktie in EUR |  | 111.40 | 90.71 | 91.38 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 111.40 | 90.71 | 91.38 |
| Klasse (EUR hedged) Q-dist | LU1815428377 |  |  |  |
| Aktien im Umlauf | 70 450.9390 | 71 050.9390 | 71 050.9390 |
| Nettoinventarwert pro Aktie in EUR | 105.67 | 86.63 | 87.85 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 | 105.67 | 86.63 | 87.85 |
| 1  Für die Periode vom 13.2.2019 bis zum 14.6.2019 war die Aktienklasse (EUR hedged) I-A2-acc im Umlauf 2  Siehe Erläuterung 1 |  |  |  |
| Struktur des Wertpapierbestandes |  |  |  |

Geographische Aufteilung in % des Nettovermögens	
Vereinigte Staaten	51.12
Deutschland	7.37
Grossbritannien	6.75
Irland	5.08
Japan	4.55
Italien	2.95
Dänemark	2.67
Indonesien	2.27
Niederlande	2.25
Norwegen	1.99
Österreich	1.94
China	1.78
Australien	1.74
Schweiz	1.67
Hongkong	1.61
Neuseeland	1.08
Portugal	1.03
Kanada	0.45
Total	98.30
Wirtschaftliche Aufteilung in % des Nettovermögens	
Elektronik & Halbleiter	14.51
Finanz- & Beteiligungsgesellschaften	10.25
Pharmazeutik, Kosmetik & medizinische Produkte	8.83
Biotechnologie	6.16
Nahrungsmittel & Softdrinks	5.84
Fahrzeuge	5.68
Internet, Software & IT-Dienste	5.17
Chemie	4.43
Banken & Kreditinstitute	4.21
Maschinen & Apparate	3.79
Umwelt & Recycling	3.72
Erdöl	3.02
Telekommunikation	2.95
Baugewerbe & Baumaterial	2.83
Gummi & Reifen	2.26
Detailhandel, Warenhäuser	2.25
Verkehr & Transport	1.97
Diverse Konsumgüter	1.81
Immobilien	1.81
Diverse nicht klassierte Gesellschaften	1.77
Verpackungsindustrie	1.74
Pfandbriefinstitute & Refinanzierungsgesellschaften	1.42
Gesundheits- & Sozialwesen	1.39
Anlagefonds	0.49
Total	98.30
UBS (Lux) Equity SICAV – Global Impact (USD) Halbjahresbericht per 30. November 2020

## Nettovermögensaufstellung
Aktiva	30.11.2020
USD
Wertpapierbestand, Einstandswert	65 524 448.81
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	15 015 023.16	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 80 539 471.97 |
| Bankguthaben, Sicht- und Fristgelder | 771 062.08 |
| Forderungen aus Zeichnungen | 4 409.88 |
| Forderungen aus Dividenden | 129 015.37 |
| Sonstige Forderungen | 116 333.78 |
| Nicht realisierter Kursgewinn aus Devisenterminkontrakten (Erläuterung 1) | 486 499.72 |
| Total Aktiva | 82 046 792.80 |
|  |  |
| Passiva |  |
| Verbindlichkeiten aus Rücknahmen | -55 068.14 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -46 576.13 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -6 790.76 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-4 256.69	 |
| Total Rückstellungen für Aufwendungen | -57 623.58 |
| Total Passiva | -112 691.72 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 81 934 101.08 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 1.6.2020-30.11.2020 |
| Zinsertrag aus liquiden Mitteln | 200.10 |
| Dividenden | 421 952.99 |
| Erträge aus Securities Lending (Erläuterung 14) | 18 778.75 |
| Sonstige Erträge (Erläuterung 4) | 2 132.13 |
| Total Erträge | 443 063.97 |
|  |  |
| Aufwendungen |  |
| Pauschale Verwaltungskommission (Erläuterung 2) | -516 006.52 |
| Abonnementsabgabe (Erläuterung 3) | -19 266.84 |
| Kosten aus Securities Lending (Erläuterung 14) | -7 511.50 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -4 576.09 |
| Zinsaufwand aus liquiden Mitteln und Kontokorrentkredit | -50.68 |
| Total Aufwendungen | -547 411.63 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | -104 347.66 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | -1 600 783.17 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | 5 535 650.90 |
| Realisierter Währungsgewinn (-verlust) | 348 614.39 |
| Total der realisierten Gewinne (Verluste) | 4 283 482.12 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | 4 179 134.46 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 17 279 709.63 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | -1 238 121.81 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 16 041 587.82 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 20 220 722.28 |

UBS (Lux) Equity SICAV – Global Impact (USD) Halbjahresbericht per 30. November 2020
| Veränderung des Nettovermögens |  |
| --- | --- |
|  |  | USD |
|  |  | 1.6.2020-30.11.2020 |
| Nettovermögen zu Beginn der Berichtsperiode |  | 66 594 475.79 |
| Zeichnungen |  | 1 256 411.21 |
| Rücknahmen |  | 	-6 085 410.15	 |
| Total Mittelzufluss (-abfluss) |  | -4 828 998.94 |
| Ausbezahlte Dividende |  | -52 098.05 |
| Nettoerträge (-verluste) aus Anlagen |  | -104 347.66 |
| Total der realisierten Gewinne (Verluste) |  | 4 283 482.12 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) |  | 	16 041 587.82	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit |  | 20 220 722.28 |
| Nettovermögen am Ende der Berichtsperiode |  | 81 934 101.08 |
| Entwicklung der Aktien im Umlauf |  |  |
|  |  | 1.6.2020-30.11.2020 |
| Klasse |  | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 15 822.2060 |
| Anzahl der ausgegebenen Aktien |  | 1 177.1380 |
| Anzahl der zurückgegebenen Aktien |  | -1 461.0260 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 15 538.3180 |
| Klasse |  | (EUR hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 494 941.4730 |
| Anzahl der ausgegebenen Aktien |  | 5 681.4840 |
| Anzahl der zurückgegebenen Aktien |  | -37 371.5320 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 463 251.4250 |
| Klasse |  | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 14 733.2760 |
| Anzahl der ausgegebenen Aktien |  | 2 902.0000 |
| Anzahl der zurückgegebenen Aktien |  | -4 763.8360 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 12 871.4400 |
| Klasse |  | (EUR hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 76 803.6180 |
| Anzahl der ausgegebenen Aktien |  | 1 427.1990 |
| Anzahl der zurückgegebenen Aktien |  | -9 016.1620 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 69 214.6550 |
| Klasse |  | (EUR hedged) Q-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 71 050.9390 |
| Anzahl der ausgegebenen Aktien |  | 0.0000 |
| Anzahl der zurückgegebenen Aktien |  | -600.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 70 450.9390 |
| Jährliche Ausschüttung 1 |  |  |
| UBS (Lux) Equity SICAV – Global Impact (USD)	Ex-Date | Pay-Date | Währung	Betrag pro Aktie |
| (EUR hedged) Q-dist	3.8.2020 | 6.8.2020 | EUR	0.63 |
| 1  Siehe Erläuterung 5 |  |  |

UBS (Lux) Equity SICAV – Global Impact (USD) Halbjahresbericht per 30. November 2020

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. November 2020
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Inhaberaktien |  |  |  |
| Australien |  |  |  |
| AUD	BRAMBLES LTD NPV | 176 274.00 | 1 423 566.97 | 1.74 |
| Total Australien |  | 1 423 566.97 | 1.74 |
| Österreich |  |  |  |
| EUR	ERSTE GROUP BK AG NPV | 55 191.00 | 1 591 069.33 | 1.94 |
| Total Österreich |  | 1 591 069.33 | 1.94 |
| Dänemark |  |  |  |
| DKK	GENMAB AS DKK1 (BEARER) | 4 348.00 | 1 672 818.32 | 2.04 |
| Total Dänemark |  | 1 672 818.32 | 2.04 |
| Deutschland |  |  |  |
| EUR	CONTINENTAL AG ORD NPV | 13 531.00 | 1 848 416.33 | 2.26 |
| Total Deutschland |  | 1 848 416.33 | 2.26 |
| Hongkong |  |  |  |
| HKD	CHINA MENGNIU DAIR HKD0.1 | 260 000.00 | 1 314 672.68 | 1.60 |
| Total Hongkong |  | 1 314 672.68 | 1.60 |
| Indonesien |  |  |  |
| IDR	BK MANDIRI IDR250 | 4 157 900.00 | 1 862 514.62 | 2.27 |
| Total Indonesien |  | 1 862 514.62 | 2.27 |
| Niederlande |  |  |  |
| EUR	KONINKLIJKE AHOLD EUR0.01 | 64 274.00 | 1 844 460.57 | 2.25 |
| Total Niederlande |  | 1 844 460.57 | 2.25 |
| Neuseeland |  |  |  |
| NZD	FISHER & PAYKEL HE NPV | 35 172.00 | 887 902.23 | 1.08 |
| Total Neuseeland |  | 887 902.23 | 1.08 |
| Grossbritannien |  |  |  |
| USD	LIVANOVA PLC ORD GBP1.00 (DI) | 21 516.00 | 1 137 120.60 | 1.39 |
| GBP	SPECTRIS ORD GBP0.05 | 57 527.00 | 2 043 685.82 | 2.49 |
| Total Grossbritannien |  | 3 180 806.42 | 3.88 |
| Vereinigte Staaten |  |  |  |
| USD	DIGITAL REALTY TRU COM STK USD0.01 | 10 991.00 | 1 481 037.25 | 1.81 |
| USD	DONALDSON INC COM | 21 356.00 | 1 136 993.44 | 1.39 |
| USD	ECOLAB INC COM | 9 789.00 | 2 174 626.35 | 2.65 |
| USD	INCYTE CORPORATION COM USD0.001 | 15 877.00 | 1 342 241.58 | 1.64 |
| USD	IPG PHOTONICS CORP COM USD0.0001 | 6 733.00 | 1 393 798.33 | 1.70 |
| USD	IRONWOOD PHARMACEU COM CL A USD0.001 | 88 194.00 | 1 015 994.88 | 1.24 |
| USD	MIRATI THERAPEUTIC COM NPV | 3 332.00 | 792 516.20 | 0.97 |
| USD	TRIMBLE INC COM NPV | 38 075.00 | 2 279 550.25 | 2.78 |
| USD	UNIVERSAL DISPLAY COM USD0.01 | 8 821.00 | 2 020 361.84 | 2.47 |
| USD	VMWARE INC COM STK USD0.01 CLASS ‘A’ | 13 050.00 | 1 825 564.50 | 2.23 |
| USD	ZENDESK INC COM USD0.01 | 13 893.00 | 1 854 715.50 | 2.26 |
| Total Vereinigte Staaten |  | 17 317 400.12 | 21.14 |
| Total Inhaberaktien |  | 32 943 627.59 | 40.20 |
| Vorzugsaktien |  |  |  |
| Deutschland |  |  |  |
| EUR	HENKEL AG&CO. KGAA NON-VTG PRF NPV | 13 764.00 | 1 485 756.19 | 1.81 |
| Total Deutschland |  | 1 485 756.19 | 1.81 |
| Total Vorzugsaktien |  | 1 485 756.19 | 1.81 |
| Namensaktien |  |  |  |
| Kanada |  |  |  |
| USD	ZYMEWORKS INC COM NPV | 6 944.00 | 365 601.60 | 0.45 |
| Total Kanada |  | 365 601.60 | 0.45 |
| Dänemark |  |  |  |
| DKK	H.LUNDBECK A/S DKK5 | 16 852.00 | 516 866.89 | 0.63 |
| Total Dänemark |  | 516 866.89 | 0.63 |
| Deutschland |  |  |  |
| EUR	INFINEON TECHNOLOG AG NPV (REGD) | 76 529.00 | 2 702 378.58 | 3.30 |
| Total Deutschland |  | 2 702 378.58 | 3.30 |
| Irland |  |  |  |
| USD	APTIV PLC COM USD0.01 | 22 004.00 | 2 611 874.80 | 3.19 |
| EUR	KINGSPAN GROUP ORD EUR0.13(DUBLIN LISTING) | 13 148.00 | 1 150 476.69 | 1.40 |
| Total Irland |  | 3 762 351.49 | 4.59 |

UBS (Lux) Equity SICAV – Global Impact (USD) Halbjahresbericht per 30. November 2020
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Italien |  |  |  |  |
| EUR | PRYSMIAN SPA EUR0.10 | 73 615.00 | 2 415 438.15 | 2.95 |
| Total Italien	2 415 438.15	2.95 |
| Japan |  |  |  |  |
| JPY | SUMITOMO MITSUI FG NPV | 54 800.00 | 1 593 417.41 | 1.94 |
| JPY | TAKEDA PHARMACEUTI NPV | 59 490.00 | 2 136 562.46 | 2.61 |
| Total Japan |  | 3 729 979.87 | 4.55 |
| Norwegen |  |  |  |
| NOK	EQUINOR ASA NOK2.50 | 103 263.00 | 1 634 653.55 | 2.00 |
| Total Norwegen |  | 1 634 653.55 | 2.00 |
| Portugal |  |  |  |
| EUR	GALP ENERGIA EUR1-B | 77 821.00 | 841 901.25 | 1.03 |
| Total Portugal |  | 841 901.25 | 1.03 |
| Schweiz |  |  |  |
| CHF	ALCON AG CHF0.04 | 21 367.00 | 1 368 450.97 | 1.67 |
| Total Schweiz |  | 1 368 450.97 | 1.67 |
| Grossbritannien |  |  |  |
| USD	LINDE PLC COM EUR0.001 | 9 187.00 | 2 355 730.54 | 2.87 |
| Total Grossbritannien |  | 2 355 730.54 | 2.87 |
| Vereinigte Staaten |  |  |  |
| USD	ABBOTT LABS COM | 13 041.00 | 1 411 297.02 | 1.72 |
| USD	AGCO CORP COM USD0.01 | 21 268.00 | 1 967 502.68 | 2.40 |
| USD	AMERICAN WELL CORP COM USD0.01 CL A | 20 946.00 | 555 906.84 | 0.68 |
| USD	AVANTOR INC COM USD0.01 | 53 363.00 | 1 455 742.64 | 1.78 |
| USD	BLOOM ENERGY CORP COM USD0.0001 CL A | 47 484.00 | 1 164 307.68 | 1.42 |
| USD	BUNGE LIMITED COM USD0.01 | 23 906.00 | 1 407 824.34 | 1.72 |
| USD	CF INDS HLDGS INC COM | 44 317.00 | 1 653 024.10 | 2.02 |
| USD	CONAGRA BRANDS IN COM USD5 | 56 437.00 | 2 063 336.72 | 2.52 |
| USD	IGM BIOSCIENCES IN COM USD0.01 | 3 673.00 | 245 282.94 | 0.30 |
| USD	LKQ CORP COM | 57 888.00 | 2 038 815.36 | 2.49 |
| USD	LYFT INC COM USD0.00001 CLASS A | 42 395.00 | 1 618 217.15 | 1.97 |
| USD	MARAVAI LIFESCIENC USD0.01 A | 22 469.00 | 632 502.35 | 0.77 |
| USD	MASCO CORP COM | 21 720.00 | 1 165 712.40 | 1.42 |
| USD	MICRON TECHNOLOGY COM USD0.10 | 22 577.00 | 1 446 959.93 | 1.77 |
| USD	MONTROSE ENVIRONME COM USD0.000004 | 65 817.00 | 1 802 727.63 | 2.20 |
| USD	PPD INC COM USD0.01 | 36 083.00 | 1 262 905.00 | 1.54 |
| USD	PRELUDE THERAPEUTI COM USD0.0001 | 12 096.00 | 622 581.12 | 0.76 |
| USD	SEAGEN INC COM USD0.001 | 4 690.00 | 798 753.90 | 0.97 |
| USD	STERICYCLE INC COM | 17 742.00 | 1 249 746.48 | 1.53 |
| Total Vereinigte Staaten |  | 24 563 146.28 | 29.98 |
| Total Namensaktien |  | 44 256 499.17 | 54.02 |
| Depository Receipts |  |  |  |
| China |  |  |  |
| USD	NEW ORIENTAL ED & TECH GRP INC SPON ADR | 8 823.00 | 1 454 471.55 | 1.78 |
| Total China |  | 1 454 471.55 | 1.78 |
| Total Depository Receipts |  | 1 454 471.55 | 1.78 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  | 80 140 354.50 | 97.81 |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
| Irland |  |
| --- | --- |
| USD | SPDR ETFS EUROPE I PLC - SPDR MSCI ACWI ETF | 2 473.00 | 399 117.47 | 0.49 |
| Total Irland | 399 117.47 | 0.49 |
| Total Investment Fonds, open end | 399 117.47 | 0.49 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 | 399 117.47 | 0.49 |
| Total des Wertpapierbestandes | 80 539 471.97 | 98.30 |
| Devisenterminkontrakte Gekaufte Währung/ Gekaufter Betrag/Verkaufte Währung/Verkaufter Betrag/Fälligkeitsdatum |  |  |

| EUR | 65 081 400.00 | USD | 77 475 631.98 | 21.1.2021 | 496 195.94 | 0.60 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 1 164 817.71 | EUR | 980 000.00 | 21.1.2021 | -9 287.20 | -0.01 |
| USD | 107 416.94 | EUR | 90 000.00 | 21.1.2021 | -409.02 | 0.00 |
| Total Devisenterminkontrakte | 486 499.72 | 0.59 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 771 062.08 | 0.94 |
| Andere Aktiva und Passiva | 137 067.31 | 0.17 |
| Total des Nettovermögens | 81 934 101.08 | 100.00 |

UBS (Lux) Equity SICAV – Global Impact (USD) Halbjahresbericht per 30. November 2020