# UBS (Lux) Strategy SICAV – Fixed Income (EUR)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Net assets in EUR |  | 55 272 670.55 | 60 292 836.90 | 64 789 906.75 |
| Class P-acc | LU0042744747 |  |  |  |
| Shares outstanding |  | 223 738.8690 | 246 933.4080 | 264 379.0170 |
| Net asset value per share in EUR |  | 222.43 | 221.34 | 218.74 |
| Issue and redemption price per share in EUR 1 |  | 222.43 | 221.34 | 218.59 |
| Class Q-acc | LU0943062561 |  |  |  |
| Shares outstanding |  | 51 223.7560 | 52 804.2170 | 66 256.1030 |
| Net asset value per share in EUR |  | 107.50 | 106.75 | 105.04 |
| Issue and redemption price per share in EUR 1 |  | 107.50 | 106.75 | 104.97 |
| 1  See note 1 |  |  |  |  |

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

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| Luxembourg | 46.94 |
| --- | --- |
| Germany | 12.60 |
| France | 12.02 |
| United States | 8.38 |
| The Netherlands | 3.64 |
| Norway | 1.93 |
| Canada | 1.78 |
| United Kingdom | 1.66 |
| Belgium | 1.63 |
| Spain | 1.41 |
| Finland | 1.33 |
| Ireland | 1.06 |
| Supranationals | 1.04 |
| Australia | 0.88 |
| Poland | 0.63 |
| South Korea | 0.55 |
| Switzerland | 0.38 |
| Sweden | 0.38 |
| Venezuela | 0.36 |
| China | 0.27 |
| Austria | 0.19 |
| Total | 99.06 |

Economic Breakdown as a % of net assets	
| Investment funds | 46.38 |
| --- | --- |
| Countries & central governments | 31.77 |
| Banks & credit institutions | 11.85 |
| Cantons, federal states | 2.20 |
| Finance & holding companies | 2.13 |
| Supranational organisations | 1.96 |
| Public, non-profit institutions | 1.29 |
| Pharmaceuticals, cosmetics & medical products | 0.56 |
| Insurance | 0.55 |
| Mechanical engineering & industrial equipment | 0.37 |
| Total | 99.06 |


## Statement of Net Assets
Assets	30.11.2019
EUR
Investments in securities, cost	52 036 361.20
| Investments in securities, unrealized appreciation (depreciation) | 	2 716 300.71	 |
| --- | --- |
| Total investments in securities (Note 1) | 54 752 661.91 |
| Cash at banks, deposits on demand and deposit accounts | 407 127.77 |
| Interest receivable on securities | 224 474.41 |
| Other receivables | 18 945.72 |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | -99 921.34 |
| Total Assets | 55 303 288.47 |
|  |  |
| Liabilities |  |
| Interest payable on bank overdraft | -13.04 |
| Provisions for flat fee (Note 2) | -22 127.25 |
| Provisions for taxe d’abonnement (Note 3) | -2 416.12 |
| Provisions for other commissions and fees (Note 2) | 	-6 061.51	 |
| Total provisions | -30 604.88 |
| Total Liabilities | -30 617.92 |
|  |  |
| Net assets at the end of the period | 55 272 670.55 |
| Statement of Operations | EUR |
| Income | 1.6.2019-30.11.2019 |
| Interest on liquid assets | 1 683.65 |
| Interest on securities | 278 683.87 |
| Interest received on swaps (Note 1) | 11 866.00 |
| Dividends | 62 108.84 |
| Income on securities lending (Note 12) | 7 208.90 |
| Other income (Note 4) | 3 147.03 |
| Total income | 364 698.29 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -188.89 |
| Cost on securities lending (Note 12) | -2 883.56 |
| Flat fee (Note 2) | -301 693.43 |
| Taxe d’abonnement (Note 3) | -7 828.75 |
| Other commissions and fees (Note 2) | -5 986.18 |
| Interest on cash and bank overdraft | -352.80 |
| Total expenses | -318 933.61 |
|  |  |
| Net income (loss) on investments | 45 764.68 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 57 349.91 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | -5 946.55 |
| Realized gain (loss) on financial futures | -5 265.14 |
| Realized gain (loss) on forward foreign exchange contracts | -825 359.66 |
| Realized gain (loss) on swaps | 47 731.76 |
| Realized gain (loss) on foreign exchange | -124 812.88 |
| Total realized gain (loss) | -856 302.56 |
|  |  |
| Net realized gain (loss) of the period | -810 537.88 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 918 522.80 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | -2 485.39 |
| Unrealized appreciation (depreciation) on financial futures | 3 681.20 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | 244 580.25 |
| Unrealized appreciation (depreciation) on swaps | -29 028.61 |
| Total changes in unrealized appreciation (depreciation) | 1 135 270.25 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 324 732.37 |

UBS (Lux) Strategy SICAV – Fixed Income (EUR) Semi-Annual Report as of 30 November 2019
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | EUR |
|  | 1.6.2019-30.11.2019 |
| Net assets at the beginning of the period | 60 292 836.90 |
| Subscriptions | 83 379.78 |
| Redemptions | 	-5 428 278.50	 |
| Total net subscriptions (redemptions) | -5 344 898.72 |
| Net income (loss) on investments | 45 764.68 |
| Total realized gain (loss) | -856 302.56 |
| Total changes in unrealized appreciation (depreciation) | 	1 135 270.25	 |
| Net increase (decrease) in net assets as a result of operations | 324 732.37 |
| Net assets at the end of the period | 55 272 670.55 |
| 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 | 246 933.4080 |
| Number of shares issued | 180.8210 |
| Number of shares redeemed | -23 375.3600 |
| Number of shares outstanding at the end of the period | 223 738.8690 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 52 804.2170 |
| Number of shares issued | 400.0000 |
| Number of shares redeemed | -1 980.4610 |
| Number of shares outstanding at the end of the period | 51 223.7560 |

UBS (Lux) Strategy SICAV – Fixed Income (EUR) 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 EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	CHINA, PEOPLE’S REPUBLIC OF-REG-S 0.12500% 19-12.11.26 | 150 000.00 | 149 625.00 | 0.27 |
| EUR	FINLAND, REPUBLIC OF-144A-REG-S 3.50000% 11-15.04.21 | 100 000.00 | 105 657.80 | 0.19 |
| Total EUR |  | 255 282.80 | 0.46 |
| Total Notes, fixed rate |  | 255 282.80 | 0.46 |
| Medium term notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ABB FINANCE BV-REG-S 0.62500% 16-03.05.23 | 200 000.00 | 204 100.00 | 0.37 |
| EUR	AUSTRIA, REPUBLIC OF-REG-S-144A 3.50000% 05-15.09.21 | 100 000.00 | 107 314.60 | 0.19 |
| EUR	BANK NEDERLANDSE GEMEENTEN NV-REG-S 1.12500% 14-04.09.24 | 300 000.00 | 320 527.80 | 0.58 |
| EUR	COMMONWEALTH BANK OF AUSTRALIA 3.00000% 12-03.05.22 | 450 000.00 | 485 804.70 | 0.88 |
| EUR	COMPAGNIE DE FINANCEMENT FONCIER-REG-S 0.20000% 17-16.09.22 | 400 000.00 | 405 812.00 | 0.73 |
| EUR	CORPORACION ANDINA DE FOMENTO-REG-S 0.50000% 17-25.01.22 | 200 000.00 | 201 540.00 | 0.37 |
| EUR	DEXIA CREDIT LOCAL DE FRANCE-REG-S 0.20000% 16-16.03.21 | 100 000.00 | 100 711.00 | 0.18 |
| EUR	DEXIA CREDIT LOCAL SA-REG-S 0.25000% 17-02.06.22 | 200 000.00 | 202 721.20 | 0.37 |
| EUR	DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 325 000.00 | 324 109.50 | 0.59 |
| EUR	DNB BOLIGKREDIT A-REG-S 1.87500% 12-21.11.22 | 700 000.00 | 745 309.60 | 1.35 |
| EUR	EUROPEAN INVESTMENT BANK-REG-S 0.25000% 17-14.10.24 | 200 000.00 | 206 084.40 | 0.37 |
| EUR	EUROPEAN UNION 3.50000% 11-04.06.21 | 350 000.00 | 371 014.00 | 0.67 |
| EUR	EXPORT-IMPORT BANK OF KOREA-REG-S 0.37500% 19-26.03.24 | 300 000.00 | 305 250.00 | 0.55 |
| EUR	GE CAPITAL EUROPEAN FUNDING 2.25000% 13-20.07.20 | 350 000.00 | 354 652.20 | 0.64 |
| EUR	INSTITUTO DE CREDITO OFICIAL-REG-S 0.50000% 16-26.10.23 | 244 000.00 | 248 807.90 | 0.45 |
| EUR	KREDITANSTALT FUER WIEDERAUFBAU 4.62500% 07-04.01.23 | 650 000.00 | 752 960.00 | 1.36 |
| EUR	LLOYDS BANK PLC-REG-S 0.25000% 19-25.03.24 | 120 000.00 | 121 691.28 | 0.22 |
| EUR	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 1.25000% 14-17.09.21 | 300 000.00 | 307 308.00 | 0.56 |
| EUR	NATIONWIDE BUILDING SOCIETY 4.37500% 07-28.02.22 | 450 000.00 | 496 525.50 | 0.90 |
| EUR	NESTLE HOLDINGS INC-REG-S 0.87500% 17-18.07.25 | 300 000.00 | 313 918.80 | 0.57 |
| EUR	NORDEA MORTGAGE BANK PLC-REG-S 4.00000% 11-10.02.21 | 600 000.00 | 631 183.20 | 1.14 |
| EUR	POLAND, REPUBLIC OF-REG-S 3.37500% 12-09.07.24 | 300 000.00 | 347 448.00 | 0.63 |
| Total EUR |  | 7 554 793.68 | 13.67 |
| Total Medium term notes, fixed rate |  | 7 554 793.68 | 13.67 |
| Medium term notes, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	EUROPEAN STABILITY MECHANISM-REG-S 0.00000% 16-18.10.22 | 200 000.00 | 202 328.80 | 0.37 |
| Total EUR |  | 202 328.80 | 0.37 |
| Total Medium term notes, zero coupon |  | 202 328.80 | 0.37 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	BELGIUM, KINGDOM OF 4.25000% 11-28.09.21 | 350 000.00 | 381 255.00 | 0.69 |
| EUR	BELGIUM, KINGDOM OF-144A-REG-S 0.20000% 16-22.10.23 | 300 000.00 | 308 115.00 | 0.56 |
| EUR	BELGIUM, KINGDOM OF-144A-REG-S 0.50000% 17-22.10.24 | 200 000.00 | 208 881.20 | 0.38 |
| EUR	BNP PARIBAS HOME LOAN COVERED BONDS SFH 3.87500% 11-12.07.21 | 300 000.00 | 320 545.29 | 0.58 |
| EUR	CAISSE D’AMOR DE LA DETTE SOCIALE-REG-S 3.75000% 05-25.10.20 | 150 000.00 | 155 593.50 | 0.28 |
| EUR	CAISSE D’AMOR DE LA DETTE SOCIALE-REG-S 2.37500% 13-25.01.24 | 500 000.00 | 557 112.15 | 1.01 |
| EUR	EUROPEAN FINANCIAL STABILITY FAC-REG-S 0.12500% 17-17.10.23 | 100 000.00 | 101 894.80 | 0.18 |
| EUR	FRANCE, REPUBLIC OF OAT 2.25000% 12-25.10.22 | 500 000.00 | 541 625.00 | 0.98 |
| EUR	FRANCE, REPUBLIC OF-OAT 1.75000% 14-25.11.24 | 250 000.00 | 277 523.00 | 0.50 |
| EUR	FRANCE, REPUBLIC OF-OAT 0.50000% 15-25.05.25 | 2 000 000.00 | 2 099 400.00 | 3.80 |
| EUR	GERMANY, REPUBLIC OF 1.50000% 13-15.02.23 | 200 000.00 | 213 940.00 | 0.39 |
| EUR	GERMANY, REPUBLIC OF 1.50000% 13-15.05.23 | 1 000 000.00 | 1 074 812.00 | 1.94 |
| EUR	GERMANY, REPUBLIC OF 2.00000% 13-15.08.23 | 520 000.00 | 571 452.96 | 1.03 |
| EUR	GERMANY, REPUBLIC OF 1.00000% 14-15.08.24 | 1 600 000.00 | 1 721 859.20 | 3.12 |
| EUR	GERMANY, REPUBLIC OF 4.75000% 98-04.07.28 | 700 000.00 | 1 017 933.00 | 1.84 |
| EUR	GERMANY, REPUBLIC OF 3.25000% 09-04.01.20 | 20 000.00 | 20 068.00 | 0.04 |
| EUR	GERMANY, REPUBLIC OF 3.25000% 11-04.07.21 | 200 000.00 | 212 404.00 | 0.38 |
| EUR	GERMANY, REPUBLIC OF-REG-S 1.75000% 12-04.07.22 | 150 000.00 | 159 392.70 | 0.29 |
| EUR	IMPERIAL BRANDS FINANCE PLC-REG-S 0.50000% 17-27.07.21 | 300 000.00 | 301 497.00 | 0.55 |
| EUR	IRELAND, REPUBLIC OF-REG-S 3.90000% 13-20.03.23 | 200 000.00 | 228 772.80 | 0.41 |
| EUR	JOHNSON & JOHNSON 0.65000% 16-20.05.24 | 300 000.00 | 308 608.80 | 0.56 |
| EUR	NETHERLANDS, KINGDOM OF THE 3.75000% 06-15.01.23 | 900 000.00 | 1 024 470.00 | 1.85 |
| EUR	NETHERLANDS, KINGDOM OF THE 2.00000% 14-15.07.24 | 150 000.00 | 167 745.90 | 0.30 |
| EUR	NORDRHEIN-WESTFALEN, STATE OF 4.37500% 07-29.04.22 | 550 000.00 | 613 318.20 | 1.11 |
| EUR	QUEBEC, PROVINCE OF-REG-S 2.25000% 13-17.07.23 | 550 000.00 | 601 345.80 | 1.09 |
| EUR	RABOBANK NEDERLAND NV-REG-S 0.25000% 19-30.10.26 | 300 000.00 | 297 667.80 | 0.54 |
| EUR	ROYAL BANK OF CANADA-REG-S 0.12500% 16-11.03.21 | 100 000.00 | 100 564.00 | 0.18 |
| EUR	SPAIN, KINGDOM OF 0.05000% 17-31.01.21 | 200 000.00 | 201 116.80 | 0.36 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 1.45000% 19-30.04.29 | 300 000.00 | 329 202.60 | 0.60 |
| EUR	STADSHYPOTEK AB-REG-S 0.50000% 18-11.07.25 | 200 000.00 | 207 349.20 | 0.38 |
| Total EUR |  | 14 325 465.70 | 25.92 |
| Total Bonds, fixed rate |  | 14 325 465.70 | 25.92 |

UBS (Lux) Strategy SICAV – Fixed Income (EUR) Semi-Annual Report as of 30 November 2019
| Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Bonds, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 16-25.05.21 | 200 000.00 | 201 789.60 | 0.37 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 16-25.05.22 | 800 000.00 | 812 008.00 | 1.47 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 17-25.03.23 | 950 000.00 | 968 227.93 | 1.75 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 17-08.04.22 | 400 000.00 | 406 164.80 | 0.73 |
| EUR	NRW BANK 0.00000% 17-01.02.22 | 200 000.00 | 201 688.00 | 0.37 |
| EUR	TORONTO DOMINION BANK-REG-S 0.00000% 19-09.02.24 | 280 000.00 | 282 371.60 | 0.51 |
| Total EUR |  | 2 872 249.93 | 5.20 |
| Total Bonds, zero coupon |  | 2 872 249.93 | 5.20 |
| Bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	UBS GROUP AG-REG-S 1.250%/VAR 18-17.04.25 | 200 000.00 | 207 640.00 | 0.37 |
| Total EUR |  | 207 640.00 | 0.37 |
| Total Bonds, floating rate |  | 207 640.00 | 0.37 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 96 000.00 | 118 564.06 | 0.21 |
| USD	AMERICA, UNITED STATES OF 4.37500% 08-15.02.38 | 125 000.00 | 154 260.74 | 0.28 |
| USD	AMERICA, UNITED STATES OF 4.37500% 11-15.05.41 | 165 000.00 | 207 184.12 | 0.38 |
| USD	AMERICA, UNITED STATES OF 3.00000% 18-15.08.48 | 200 000.00 | 211 942.23 | 0.38 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 224 000.00 | 210 639.62 | 0.38 |
| USD	AMERICA, UNITED STATES OF 3.62500% 10-15.02.20 | 370 000.00 | 336 802.62 | 0.61 |
| USD	AMERICA, UNITED STATES OF 1.75000% 13-15.05.23 | 900 000.00 | 819 919.18 | 1.48 |
| Total USD |  | 2 059 312.57 | 3.72 |
| Total Treasury notes, fixed rate |  | 2 059 312.57 | 3.72 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 50 000.00 | 94 547.70 | 0.17 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 100 000.00 | 137 038.23 | 0.25 |
| USD	AMERICA, UNITED STATES OF 0.500%/CPI LINKED 18-15.01.28 | 270 000.00 | 260 881.39 | 0.47 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 160 000.00 | 160 829.70 | 0.29 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.01.22 | 50 000.00 | 51 139.23 | 0.09 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 13-15.01.23 | 150 000.00 | 150 419.19 | 0.27 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 50 000.00 | 48 766.19 | 0.09 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 160 000.00 | 159 176.48 | 0.29 |
| Total USD |  | 1 062 798.11 | 1.92 |
| Total Treasury notes, floating rate |  | 1 062 798.11 | 1.92 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 28 539 871.59 | 51.63 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 14-15.01.24 | 130 000.00 | 131 790.97 | 0.24 |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25 | 140 000.00 | 137 997.43 | 0.25 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 155 000.00 | 156 700.80 | 0.28 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 150 000.00 | 151 318.25 | 0.28 |
| Total USD |  | 577 807.45 | 1.05 |
| Total Treasury notes, floating rate | 577 807.45 | 1.05 |
| Total Transferable securities and money market instruments traded on another regulated market | 577 807.45 | 1.05 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |  |
| Investment funds, open end |  |  |
| Luxembourg |  |  |
| EUR | UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 8 367.00 | 1 113 313.02 | 2.01 |
| EUR | UBS (LUX) BOND SICAV - EUR CORPORATES (EUR) U-X-ACC | 673.00 | 8 300 048.43 | 15.02 |
| USD | UBS (LUX) BOND SICAV - SHORT TERM USD CORPORATES (USD) U-X-ACC | 67.00 | 660 518.16 | 1.20 |
| USD | UBS (LUX) BOND SICAV - USD CORPORATES U-X-ACC | 42.00 | 454 243.75 | 0.82 |
| USD | UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC | 93.00 | 1 668 130.36 | 3.02 |
| USD | UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS | 11 491.00 | 1 111 477.55 | 2.01 |
| USD | UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC | 856.45 | 8 877 889.53 | 16.06 |
| USD | UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD)-U-X ACC | 279.00 | 3 449 362.07 | 6.24 |
| Total Luxembourg | 25 634 982.87 | 46.38 |
| Total Investment funds, open end | 25 634 982.87 | 46.38 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 25 634 982.87 | 46.38 |
| Total investments in securities | 54 752 661.91 | 99.06 |

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

Forward Foreign Exchange contracts
Forward Foreign Exchange contracts (Purchase/Sale)
| USD | 100 000.00 | EUR | 90 177.18 | 9.1.2020 | 240.87 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| GBP | 512 672.63 | EUR | 586 853.90 | 9.1.2020 | 13 757.97 | 0.03 |
| EUR | 571 123.87 | CAD | 836 500.00 | 9.1.2020 | 1 474.33 | 0.00 |
| NZD | 2 500.00 | EUR | 1 420.49 | 9.1.2020 | 31.40 | 0.00 |
| EUR | 3 191.28 | ZAR | 53 000.00 | 9.1.2020 | -60.81 | 0.00 |
| NOK | 11 451 106.44 | EUR | 1 131 051.22 | 9.1.2020 | -6 288.79 | -0.01 |
| EUR | 857 130.48 | AUD | 1 399 898.93 | 9.1.2020 | 20.57 | 0.00 |
| EUR | 10 081 992.73 | USD | 11 168 206.46 | 9.1.2020 | -16 081.71 | -0.03 |
| EUR | 351.97 | CHF | 386.35 | 9.1.2020 | 1.18 | 0.00 |
| EUR | 549 284.15 | NOK | 5 622 500.00 | 9.1.2020 | -2 974.86 | 0.00 |
| CAD | 799 894.72 | NOK | 5 622 500.00 | 9.1.2020 | -7 556.98 | -0.01 |
| CAD | 36 000.00 | EUR | 24 745.45 | 9.1.2020 | -229.75 | 0.00 |
| EUR | 23 147.69 | GBP | 20 000.00 | 9.1.2020 | -282.93 | 0.00 |
| EUR | 83 873.05 | USD | 93 500.00 | 9.1.2020 | -667.83 | 0.00 |
| USD | 125 000.00 | EUR | 111 622.29 | 9.1.2020 | 1 400.27 | 0.00 |
| NZD | 2 500.00 | EUR | 1 438.48 | 15.1.2020 | 13.01 | 0.00 |
| NOK | 198 596.85 | EUR | 19 511.05 | 15.1.2020 | -11.20 | 0.00 |
| EUR | 21 717.71 | JPY | 2 631 980.00 | 15.1.2020 | -84.28 | 0.00 |
| GBP | 491 586.34 | EUR | 567 905.45 | 15.1.2020 | 7 886.19 | 0.01 |
| CAD | 665.64 | EUR | 453.80 | 15.1.2020 | -0.66 | 0.00 |
| EUR | 867 899.69 | AUD | 1 399 427.49 | 15.1.2020 | 11 268.23 | 0.02 |
| EUR | 9 818 133.96 | USD | 10 980 159.20 | 15.1.2020 | -106 299.27 | -0.19 |
| EUR | 1 440.56 | CHF | 1 586.90 | 15.1.2020 | -0.35 | 0.00 |
| IDR | 9 473 921 000.00 | USD | 669 014.97 | 16.1.2020 | -685.51 | 0.00 |
| USD | 688 458.62 | TWD | 20 872 000.00 | 16.1.2020 | 1 979.16 | 0.00 |
| INR | 46 328 000.00 | USD | 640 818.87 | 16.1.2020 | 2 236.95 | 0.00 |
| AUD | 30 000.00 | EUR | 18 433.44 | 9.1.2020 | -65.47 | 0.00 |
| AUD | 30 000.00 | EUR | 18 429.26 | 15.1.2020 | -65.36 | 0.00 |
| EUR | 19 750.44 | NOK | 200 000.00 | 9.1.2020 | 105.83 | 0.00 |
| EUR | 19 743.16 | NOK | 200 000.00 | 15.1.2020 | 105.53 | 0.00 |
| USD | 245 000.00 | EUR | 220 849.25 | 15.1.2020 | 594.36 | 0.00 |
| USD | 246 000.00 | EUR | 221 834.86 | 9.1.2020 | 593.54 | 0.00 |
| EUR | 23 054.91 | USD | 25 500.00 | 15.1.2020 | 6.70 | 0.00 |
| EUR | 25 624.09 | GBP | 22 000.00 | 15.1.2020 | -144.36 | 0.00 |
| EUR | 25 629.38 | GBP | 22 000.00 | 9.1.2020 | -144.30 | 0.00 |
| EUR | 23 063.59 | USD | 25 500.00 | 9.1.2020 | 6.99 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | -99 921.34 | -0.18 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 407 127.77 | 0.74 |
| Other assets and liabilities | 212 802.21 | 0.38 |
| Total net assets | 55 272 670.55 | 100.00 |

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

Translation (ENDE, 2019-11-30):
# UBS (Lux) Strategy SICAV – Fixed Income (EUR)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Nettovermögen in EUR |  | 55 272 670.55 | 60 292 836.90 | 64 789 906.75 |
| Klasse P-acc | LU0042744747 |  |  |  |
| Aktien im Umlauf |  | 223 738.8690 | 246 933.4080 | 264 379.0170 |
| Nettoinventarwert pro Aktie in EUR |  | 222.43 | 221.34 | 218.74 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 222.43 | 221.34 | 218.59 |
| Klasse Q-acc | LU0943062561 |  |  |  |
| Aktien im Umlauf |  | 51 223.7560 | 52 804.2170 | 66 256.1030 |
| Nettoinventarwert pro Aktie in EUR |  | 107.50 | 106.75 | 105.04 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 107.50 | 106.75 | 104.97 |
| 1  Siehe Erläuterung 1 |  |  |  |  |

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

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Luxemburg | 46.94 |
| --- | --- |
| Deutschland | 12.60 |
| Frankreich | 12.02 |
| Vereinigte Staaten | 8.38 |
| Niederlande | 3.64 |
| Norwegen | 1.93 |
| Kanada | 1.78 |
| Grossbritannien | 1.66 |
| Belgien | 1.63 |
| Spanien | 1.41 |
| Finnland | 1.33 |
| Irland | 1.06 |
| Supranational | 1.04 |
| Australien | 0.88 |
| Polen | 0.63 |
| Südkorea | 0.55 |
| Schweiz | 0.38 |
| Schweden | 0.38 |
| Venezuela | 0.36 |
| China | 0.27 |
| Österreich | 0.19 |
| Total | 99.06 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Anlagefonds | 46.38 |
| --- | --- |
| Länder- & Zentralregierungen | 31.77 |
| Banken & Kreditinstitute | 11.85 |
| Kantone, Bundesstaaten | 2.20 |
| Finanz- & Beteiligungsgesellschaften | 2.13 |
| Supranationale Organisationen | 1.96 |
| Öffentlich-rechtliche Körperschaften | 1.29 |
| Pharmazeutik, Kosmetik & medizinische Produkte | 0.56 |
| Versicherungen | 0.55 |
| Maschinen & Apparate | 0.37 |
| Total | 99.06 |


## Nettovermögensaufstellung
Aktiva	30.11.2019
EUR
Wertpapierbestand, Einstandswert	52 036 361.20
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	2 716 300.71	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 54 752 661.91 |
| Bankguthaben, Sicht- und Fristgelder | 407 127.77 |
| Zinsforderungen aus Wertpapieren | 224 474.41 |
| Sonstige Forderungen | 18 945.72 |
| Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1) | -99 921.34 |
| Total Aktiva | 55 303 288.47 |
|  |  |
| Passiva |  |
| Zinsverbindlichkeiten aus Kontokorrentkredit | -13.04 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -22 127.25 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -2 416.12 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-6 061.51	 |
| Total Rückstellungen für Aufwendungen | -30 604.88 |
| Total Passiva | -30 617.92 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 55 272 670.55 |
| Ertrags- und Aufwandsrechnung | EUR |
| Erträge | 1.6.2019-30.11.2019 |
| Zinsertrag auf liquide Mittel | 1 683.65 |
| Zinsen auf Wertpapiere | 278 683.87 |
| Zinsertrag auf Swaps (Erläuterung 1) | 11 866.00 |
| Dividenden | 62 108.84 |
| Erträge aus Securities Lending (Erläuterung 12) | 7 208.90 |
| Sonstige Erträge (Erläuterung 4) | 3 147.03 |
| Total Erträge | 364 698.29 |
|  |  |
| Aufwendungen |  |
| Zinsaufwand auf Swaps (Erläuterung 1) | -188.89 |
| Kosten aus Securities Lending (Erläuterung 12) | -2 883.56 |
| Pauschale Verwaltungskommission (Erläuterung 2) | -301 693.43 |
| Abonnementsabgabe (Erläuterung 3) | -7 828.75 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -5 986.18 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -352.80 |
| Total Aufwendungen | -318 933.61 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | 45 764.68 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 57 349.91 |
| Realisierter Kursgewinn (-verlust) aus renditebewerteten Wertpapieren und Geldmarktinstrumenten | -5 946.55 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | -5 265.14 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | -825 359.66 |
| Realisierter Kursgewinn (-verlust) aus Swaps | 47 731.76 |
| Realisierter Währungsgewinn (-verlust) | -124 812.88 |
| Total der realisierten Gewinne (Verluste) | -856 302.56 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | -810 537.88 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 918 522.80 |
| Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente | -2 485.39 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | 3 681.20 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | 244 580.25 |
| Nicht realisierte Werterhöhung (-minderung) von Swaps | -29 028.61 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 1 135 270.25 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 324 732.37 |

UBS (Lux) Strategy SICAV – Fixed Income (EUR) Halbjahresbericht per 30. November 2019
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  | EUR |
|  | 1.6.2019-30.11.2019 |
| Nettovermögen zu Beginn der Berichtsperiode | 60 292 836.90 |
| Zeichnungen | 83 379.78 |
| Rücknahmen | 	-5 428 278.50	 |
| Total Mittelzufluss (-abfluss) | -5 344 898.72 |
| Nettoerträge (-verluste) aus Anlagen | 45 764.68 |
| Total der realisierten Gewinne (Verluste) | -856 302.56 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	1 135 270.25	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 324 732.37 |
| Nettovermögen am Ende der Berichtsperiode | 55 272 670.55 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2019-30.11.2019 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 246 933.4080 |
| Anzahl der ausgegebenen Aktien | 180.8210 |
| Anzahl der zurückgegebenen Aktien | -23 375.3600 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 223 738.8690 |
| Klasse | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 52 804.2170 |
| Anzahl der ausgegebenen Aktien | 400.0000 |
| Anzahl der zurückgegebenen Aktien | -1 980.4610 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 51 223.7560 |

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

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in EUR | 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 |  |  |  |
| EUR |  |  |  |
| EUR	CHINA, PEOPLE’S REPUBLIC OF-REG-S 0.12500% 19-12.11.26 | 150 000.00 | 149 625.00 | 0.27 |
| EUR	FINLAND, REPUBLIC OF-144A-REG-S 3.50000% 11-15.04.21 | 100 000.00 | 105 657.80 | 0.19 |
| Total EUR |  | 255 282.80 | 0.46 |
| Total Notes, fester Zins |  | 255 282.80 | 0.46 |
| Medium-Term Notes, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	ABB FINANCE BV-REG-S 0.62500% 16-03.05.23 | 200 000.00 | 204 100.00 | 0.37 |
| EUR	AUSTRIA, REPUBLIC OF-REG-S-144A 3.50000% 05-15.09.21 | 100 000.00 | 107 314.60 | 0.19 |
| EUR	BANK NEDERLANDSE GEMEENTEN NV-REG-S 1.12500% 14-04.09.24 | 300 000.00 | 320 527.80 | 0.58 |
| EUR	COMMONWEALTH BANK OF AUSTRALIA 3.00000% 12-03.05.22 | 450 000.00 | 485 804.70 | 0.88 |
| EUR	COMPAGNIE DE FINANCEMENT FONCIER-REG-S 0.20000% 17-16.09.22 | 400 000.00 | 405 812.00 | 0.73 |
| EUR	CORPORACION ANDINA DE FOMENTO-REG-S 0.50000% 17-25.01.22 | 200 000.00 | 201 540.00 | 0.37 |
| EUR	DEXIA CREDIT LOCAL DE FRANCE-REG-S 0.20000% 16-16.03.21 | 100 000.00 | 100 711.00 | 0.18 |
| EUR	DEXIA CREDIT LOCAL SA-REG-S 0.25000% 17-02.06.22 | 200 000.00 | 202 721.20 | 0.37 |
| EUR	DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 325 000.00 | 324 109.50 | 0.59 |
| EUR	DNB BOLIGKREDIT A-REG-S 1.87500% 12-21.11.22 | 700 000.00 | 745 309.60 | 1.35 |
| EUR	EUROPEAN INVESTMENT BANK-REG-S 0.25000% 17-14.10.24 | 200 000.00 | 206 084.40 | 0.37 |
| EUR	EUROPEAN UNION 3.50000% 11-04.06.21 | 350 000.00 | 371 014.00 | 0.67 |
| EUR	EXPORT-IMPORT BANK OF KOREA-REG-S 0.37500% 19-26.03.24 | 300 000.00 | 305 250.00 | 0.55 |
| EUR	GE CAPITAL EUROPEAN FUNDING 2.25000% 13-20.07.20 | 350 000.00 | 354 652.20 | 0.64 |
| EUR	INSTITUTO DE CREDITO OFICIAL-REG-S 0.50000% 16-26.10.23 | 244 000.00 | 248 807.90 | 0.45 |
| EUR	KREDITANSTALT FUER WIEDERAUFBAU 4.62500% 07-04.01.23 | 650 000.00 | 752 960.00 | 1.36 |
| EUR	LLOYDS BANK PLC-REG-S 0.25000% 19-25.03.24 | 120 000.00 | 121 691.28 | 0.22 |
| EUR	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 1.25000% 14-17.09.21 | 300 000.00 | 307 308.00 | 0.56 |
| EUR	NATIONWIDE BUILDING SOCIETY 4.37500% 07-28.02.22 | 450 000.00 | 496 525.50 | 0.90 |
| EUR	NESTLE HOLDINGS INC-REG-S 0.87500% 17-18.07.25 | 300 000.00 | 313 918.80 | 0.57 |
| EUR	NORDEA MORTGAGE BANK PLC-REG-S 4.00000% 11-10.02.21 | 600 000.00 | 631 183.20 | 1.14 |
| EUR	POLAND, REPUBLIC OF-REG-S 3.37500% 12-09.07.24 | 300 000.00 | 347 448.00 | 0.63 |
| Total EUR |  | 7 554 793.68 | 13.67 |
| Total Medium-Term Notes, fester Zins |  | 7 554 793.68 | 13.67 |
| Medium-Term Notes, Nullcoupon |  |  |  |
| EUR |  |  |  |
| EUR	EUROPEAN STABILITY MECHANISM-REG-S 0.00000% 16-18.10.22 | 200 000.00 | 202 328.80 | 0.37 |
| Total EUR |  | 202 328.80 | 0.37 |
| Total Medium-Term Notes, Nullcoupon |  | 202 328.80 | 0.37 |
| Anleihen, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	BELGIUM, KINGDOM OF 4.25000% 11-28.09.21 | 350 000.00 | 381 255.00 | 0.69 |
| EUR	BELGIUM, KINGDOM OF-144A-REG-S 0.20000% 16-22.10.23 | 300 000.00 | 308 115.00 | 0.56 |
| EUR	BELGIUM, KINGDOM OF-144A-REG-S 0.50000% 17-22.10.24 | 200 000.00 | 208 881.20 | 0.38 |
| EUR	BNP PARIBAS HOME LOAN COVERED BONDS SFH 3.87500% 11-12.07.21 | 300 000.00 | 320 545.29 | 0.58 |
| EUR	CAISSE D’AMOR DE LA DETTE SOCIALE-REG-S 3.75000% 05-25.10.20 | 150 000.00 | 155 593.50 | 0.28 |
| EUR	CAISSE D’AMOR DE LA DETTE SOCIALE-REG-S 2.37500% 13-25.01.24 | 500 000.00 | 557 112.15 | 1.01 |
| EUR	EUROPEAN FINANCIAL STABILITY FAC-REG-S 0.12500% 17-17.10.23 | 100 000.00 | 101 894.80 | 0.18 |
| EUR	FRANCE, REPUBLIC OF OAT 2.25000% 12-25.10.22 | 500 000.00 | 541 625.00 | 0.98 |
| EUR	FRANCE, REPUBLIC OF-OAT 1.75000% 14-25.11.24 | 250 000.00 | 277 523.00 | 0.50 |
| EUR	FRANCE, REPUBLIC OF-OAT 0.50000% 15-25.05.25 | 2 000 000.00 | 2 099 400.00 | 3.80 |
| EUR	GERMANY, REPUBLIC OF 1.50000% 13-15.02.23 | 200 000.00 | 213 940.00 | 0.39 |
| EUR	GERMANY, REPUBLIC OF 1.50000% 13-15.05.23 | 1 000 000.00 | 1 074 812.00 | 1.94 |
| EUR	GERMANY, REPUBLIC OF 2.00000% 13-15.08.23 | 520 000.00 | 571 452.96 | 1.03 |
| EUR	GERMANY, REPUBLIC OF 1.00000% 14-15.08.24 | 1 600 000.00 | 1 721 859.20 | 3.12 |
| EUR	GERMANY, REPUBLIC OF 4.75000% 98-04.07.28 | 700 000.00 | 1 017 933.00 | 1.84 |
| EUR	GERMANY, REPUBLIC OF 3.25000% 09-04.01.20 | 20 000.00 | 20 068.00 | 0.04 |
| EUR	GERMANY, REPUBLIC OF 3.25000% 11-04.07.21 | 200 000.00 | 212 404.00 | 0.38 |
| EUR	GERMANY, REPUBLIC OF-REG-S 1.75000% 12-04.07.22 | 150 000.00 | 159 392.70 | 0.29 |
| EUR	IMPERIAL BRANDS FINANCE PLC-REG-S 0.50000% 17-27.07.21 | 300 000.00 | 301 497.00 | 0.55 |
| EUR	IRELAND, REPUBLIC OF-REG-S 3.90000% 13-20.03.23 | 200 000.00 | 228 772.80 | 0.41 |
| EUR	JOHNSON & JOHNSON 0.65000% 16-20.05.24 | 300 000.00 | 308 608.80 | 0.56 |
| EUR	NETHERLANDS, KINGDOM OF THE 3.75000% 06-15.01.23 | 900 000.00 | 1 024 470.00 | 1.85 |
| EUR	NETHERLANDS, KINGDOM OF THE 2.00000% 14-15.07.24 | 150 000.00 | 167 745.90 | 0.30 |
| EUR	NORDRHEIN-WESTFALEN, STATE OF 4.37500% 07-29.04.22 | 550 000.00 | 613 318.20 | 1.11 |
| EUR	QUEBEC, PROVINCE OF-REG-S 2.25000% 13-17.07.23 | 550 000.00 | 601 345.80 | 1.09 |
| EUR	RABOBANK NEDERLAND NV-REG-S 0.25000% 19-30.10.26 | 300 000.00 | 297 667.80 | 0.54 |
| EUR	ROYAL BANK OF CANADA-REG-S 0.12500% 16-11.03.21 | 100 000.00 | 100 564.00 | 0.18 |
| EUR	SPAIN, KINGDOM OF 0.05000% 17-31.01.21 | 200 000.00 | 201 116.80 | 0.36 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 1.45000% 19-30.04.29 | 300 000.00 | 329 202.60 | 0.60 |
| EUR	STADSHYPOTEK AB-REG-S 0.50000% 18-11.07.25 | 200 000.00 | 207 349.20 | 0.38 |
| Total EUR |  | 14 325 465.70 | 25.92 |
| Total Anleihen, fester Zins |  | 14 325 465.70 | 25.92 |

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

Anleihen, Nullcoupon
| EUR |  |
| --- | --- |
| EUR | FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 16-25.05.21 | 200 000.00 | 201 789.60 | 0.37 |
| EUR | FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 16-25.05.22 | 800 000.00 | 812 008.00 | 1.47 |
| EUR | FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 17-25.03.23 | 950 000.00 | 968 227.93 | 1.75 |
| EUR | GERMANY, REPUBLIC OF-REG-S 0.00000% 17-08.04.22 | 400 000.00 | 406 164.80 | 0.73 |
| EUR | NRW BANK 0.00000% 17-01.02.22 | 200 000.00 | 201 688.00 | 0.37 |
| EUR | TORONTO DOMINION BANK-REG-S 0.00000% 19-09.02.24 | 280 000.00 | 282 371.60 | 0.51 |
| Total EUR |  |  | 2 872 249.93 | 5.20 |
| Total Anleihen, Nullcoupon |  | 2 872 249.93 | 5.20 |
| Anleihen, variabler Zins |  |  |  |
| EUR |  |  |  |
| EUR	UBS GROUP AG-REG-S 1.250%/VAR 18-17.04.25 | 200 000.00 | 207 640.00 | 0.37 |
| Total EUR |  | 207 640.00 | 0.37 |
| Total Anleihen, variabler Zins |  | 207 640.00 | 0.37 |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 96 000.00 | 118 564.06 | 0.21 |
| USD	AMERICA, UNITED STATES OF 4.37500% 08-15.02.38 | 125 000.00 | 154 260.74 | 0.28 |
| USD	AMERICA, UNITED STATES OF 4.37500% 11-15.05.41 | 165 000.00 | 207 184.12 | 0.38 |
| USD	AMERICA, UNITED STATES OF 3.00000% 18-15.08.48 | 200 000.00 | 211 942.23 | 0.38 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 224 000.00 | 210 639.62 | 0.38 |
| USD	AMERICA, UNITED STATES OF 3.62500% 10-15.02.20 | 370 000.00 | 336 802.62 | 0.61 |
| USD	AMERICA, UNITED STATES OF 1.75000% 13-15.05.23 | 900 000.00 | 819 919.18 | 1.48 |
| Total USD |  | 2 059 312.57 | 3.72 |
| Total Treasury-Notes, fester Zins |  | 2 059 312.57 | 3.72 |
| Treasury-Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 50 000.00 | 94 547.70 | 0.17 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 100 000.00 | 137 038.23 | 0.25 |
| USD	AMERICA, UNITED STATES OF 0.500%/CPI LINKED 18-15.01.28 | 270 000.00 | 260 881.39 | 0.47 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 160 000.00 | 160 829.70 | 0.29 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.01.22 | 50 000.00 | 51 139.23 | 0.09 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 13-15.01.23 | 150 000.00 | 150 419.19 | 0.27 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 50 000.00 | 48 766.19 | 0.09 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 160 000.00 | 159 176.48 | 0.29 |
| Total USD |  | 1 062 798.11 | 1.92 |
| Total Treasury-Notes, variabler Zins | 1 062 798.11 | 1.92 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 28 539 871.59 | 51.63 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Treasury-Notes, variabler Zins |  |  |
| USD |  |  |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 14-15.01.24	130 000.00 | 131 790.97 | 0.24 |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25	140 000.00 | 137 997.43 | 0.25 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22	155 000.00 | 156 700.80 | 0.28 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23	150 000.00 | 151 318.25 | 0.28 |
| Total USD | 577 807.45 | 1.05 |
| Total Treasury-Notes, variabler Zins | 577 807.45 | 1.05 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden | 577 807.45 | 1.05 |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
Luxemburg
| EUR | UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 8 367.00 | 1 113 313.02 | 2.01 |
| --- | --- | --- | --- | --- |
| EUR | UBS (LUX) BOND SICAV - EUR CORPORATES (EUR) U-X-ACC | 673.00 | 8 300 048.43 | 15.02 |
| USD | UBS (LUX) BOND SICAV - SHORT TERM USD CORPORATES (USD) U-X-ACC | 67.00 | 660 518.16 | 1.20 |
| USD | UBS (LUX) BOND SICAV - USD CORPORATES U-X-ACC | 42.00 | 454 243.75 | 0.82 |
| USD | UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC | 93.00 | 1 668 130.36 | 3.02 |
| USD | UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS | 11 491.00 | 1 111 477.55 | 2.01 |
| USD | UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC | 856.45 | 8 877 889.53 | 16.06 |
| USD | UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD)-U-X ACC | 279.00 | 3 449 362.07 | 6.24 |
| Total Luxemburg | 25 634 982.87 | 46.38 |
| Total Investment Fonds, open end | 25 634 982.87 | 46.38 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 | 25 634 982.87 | 46.38 |
| Total des Wertpapierbestandes | 54 752 661.91 | 99.06 |

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

Devisenterminkontrakte
Devisenterminkontrakte (Kauf/Verkauf)
| USD | 100 000.00 | EUR | 90 177.18 | 9.1.2020 | 240.87 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| GBP | 512 672.63 | EUR | 586 853.90 | 9.1.2020 | 13 757.97 | 0.03 |
| EUR | 571 123.87 | CAD | 836 500.00 | 9.1.2020 | 1 474.33 | 0.00 |
| NZD | 2 500.00 | EUR | 1 420.49 | 9.1.2020 | 31.40 | 0.00 |
| EUR | 3 191.28 | ZAR | 53 000.00 | 9.1.2020 | -60.81 | 0.00 |
| NOK | 11 451 106.44 | EUR | 1 131 051.22 | 9.1.2020 | -6 288.79 | -0.01 |
| EUR | 857 130.48 | AUD | 1 399 898.93 | 9.1.2020 | 20.57 | 0.00 |
| EUR | 10 081 992.73 | USD | 11 168 206.46 | 9.1.2020 | -16 081.71 | -0.03 |
| EUR | 351.97 | CHF | 386.35 | 9.1.2020 | 1.18 | 0.00 |
| EUR | 549 284.15 | NOK | 5 622 500.00 | 9.1.2020 | -2 974.86 | 0.00 |
| CAD | 799 894.72 | NOK | 5 622 500.00 | 9.1.2020 | -7 556.98 | -0.01 |
| CAD | 36 000.00 | EUR | 24 745.45 | 9.1.2020 | -229.75 | 0.00 |
| EUR | 23 147.69 | GBP | 20 000.00 | 9.1.2020 | -282.93 | 0.00 |
| EUR | 83 873.05 | USD | 93 500.00 | 9.1.2020 | -667.83 | 0.00 |
| USD | 125 000.00 | EUR | 111 622.29 | 9.1.2020 | 1 400.27 | 0.00 |
| NZD | 2 500.00 | EUR | 1 438.48 | 15.1.2020 | 13.01 | 0.00 |
| NOK | 198 596.85 | EUR | 19 511.05 | 15.1.2020 | -11.20 | 0.00 |
| EUR | 21 717.71 | JPY | 2 631 980.00 | 15.1.2020 | -84.28 | 0.00 |
| GBP | 491 586.34 | EUR | 567 905.45 | 15.1.2020 | 7 886.19 | 0.01 |
| CAD | 665.64 | EUR | 453.80 | 15.1.2020 | -0.66 | 0.00 |
| EUR | 867 899.69 | AUD | 1 399 427.49 | 15.1.2020 | 11 268.23 | 0.02 |
| EUR | 9 818 133.96 | USD | 10 980 159.20 | 15.1.2020 | -106 299.27 | -0.19 |
| EUR | 1 440.56 | CHF | 1 586.90 | 15.1.2020 | -0.35 | 0.00 |
| IDR | 9 473 921 000.00 | USD | 669 014.97 | 16.1.2020 | -685.51 | 0.00 |
| USD | 688 458.62 | TWD | 20 872 000.00 | 16.1.2020 | 1 979.16 | 0.00 |
| INR | 46 328 000.00 | USD | 640 818.87 | 16.1.2020 | 2 236.95 | 0.00 |
| AUD | 30 000.00 | EUR | 18 433.44 | 9.1.2020 | -65.47 | 0.00 |
| AUD | 30 000.00 | EUR | 18 429.26 | 15.1.2020 | -65.36 | 0.00 |
| EUR | 19 750.44 | NOK | 200 000.00 | 9.1.2020 | 105.83 | 0.00 |
| EUR | 19 743.16 | NOK | 200 000.00 | 15.1.2020 | 105.53 | 0.00 |
| USD | 245 000.00 | EUR | 220 849.25 | 15.1.2020 | 594.36 | 0.00 |
| USD | 246 000.00 | EUR | 221 834.86 | 9.1.2020 | 593.54 | 0.00 |
| EUR | 23 054.91 | USD | 25 500.00 | 15.1.2020 | 6.70 | 0.00 |
| EUR | 25 624.09 | GBP | 22 000.00 | 15.1.2020 | -144.36 | 0.00 |
| EUR | 25 629.38 | GBP | 22 000.00 | 9.1.2020 | -144.30 | 0.00 |
| EUR | 23 063.59 | USD | 25 500.00 | 9.1.2020 | 6.99 | 0.00 |
| Total Devisenterminkontrakte (Kauf/Verkauf) | -99 921.34 | -0.18 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 407 127.77 | 0.74 |
| Andere Aktiva und Passiva | 212 802.21 | 0.38 |
| Total des Nettovermögens | 55 272 670.55 | 100.00 |

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