# UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 31.3.2020 | 30.9.2019 | 30.9.2018 |
| Net assets in USD |  | 37 561 054.27 | 57 425 010.94 | 87 150 059.39 |
| Class F-acc 1 | LU0425150785 |  |  |  |
| Shares outstanding |  | - | - | 20 800.0000 |
| Net asset value per share in USD |  | - | - | 100.46 |
| Issue and redemption price per share in USD 2 |  | - | - | 100.32 |
| Class I-A1-acc 3 | LU0425151833 |  |  |  |
| Shares outstanding |  | - | 4 087.0000 | 4 562.0000 |
| Net asset value per share in USD |  | - | 94.52 | 93.07 |
| Issue and redemption price per share in USD 2 |  | - | 94.52 | 92.94 |
| Class (EUR hedged) I-A2-acc 4 | LU0920342325 |  |  |  |
| Shares outstanding |  | - | 74 639.4450 | 74 639.4450 |
| Net asset value per share in EUR |  | - | 93.81 | 95.08 |
| Issue and redemption price per share in EUR 2 |  | - | 93.81 | 94.95 |
| Class I-B-acc | LU0425154183 |  |  |  |
| Shares outstanding |  | 108 810.4280 | 117 032.7840 | 121 689.6200 |
| Net asset value per share in USD |  | 120.03 | 128.74 | 125.39 |
| Issue and redemption price per share in USD 2 |  | 120.58 | 128.74 | 125.21 |
| Class (EUR hedged) I-B-acc 5 | LU0945635695 |  |  |  |
| Shares outstanding |  | - | - | 126 791.5270 |
| Net asset value per share in EUR |  | - | - | 104.87 |
| Issue and redemption price per share in EUR 2 |  | - | - | 104.72 |
| Class I-X-acc | LU0425154852 |  |  |  |
| Shares outstanding |  | 8 304.8650 | 11 013.3600 | 39 084.4970 |
| Net asset value per share in USD |  | 119.40 | 128.03 | 124.62 |
| Issue and redemption price per share in USD 2 |  | 119.95 | 128.03 | 124.45 |
| Class (CHF hedged) I-X-acc | LU0943632256 |  |  |  |
| Shares outstanding |  | 163 647.4010 | 183 781.4010 | 187 868.2040 |
| Net asset value per share in CHF |  | 93.65 | 101.89 | 102.60 |
| Issue and redemption price per share in CHF 2 |  | 94.08 | 101.89 | 102.46 |
| Class (EUR hedged) I-X-acc 6 | LU1191107694 |  |  |  |
| Shares outstanding |  | - | 48 721.1760 | 48 721.1770 |
| Net asset value per share in EUR |  | - | 90.00 | 90.26 |
| Issue and redemption price per share in EUR 2 |  | - | 90.00 | 90.13 |
| Class (EUR hedged) N-4%-mdist | LU1240811577 |  |  |  |
| Shares outstanding |  | 2 997.4280 | 3 144.9090 | 2 786.8140 |
| Net asset value per share in EUR |  | 62.25 | 69.93 | 74.82 |
| Issue and redemption price per share in EUR 2 |  | 62.54 | 69.93 | 74.72 |
| Class (EUR hedged) N-acc | LU1089022138 |  |  |  |
| Shares outstanding |  | 3 386.2660 | 4 799.4780 | 6 679.3020 |
| Net asset value per share in EUR |  | 75.98 | 83.69 | 86.11 |
| Issue and redemption price per share in EUR 2 |  | 76.33 | 83.69 | 85.99 |
| Class (EUR hedged) P-4%-mdist | LU1240811494 |  |  |  |
| Shares outstanding |  | 6 256.8720 | 6 818.9950 | 5 870.4390 |
| Net asset value per share in EUR |  | 63.96 | 71.64 | 76.23 |
| Issue and redemption price per share in EUR 2 |  | 64.25 | 71.64 | 76.12 |
| Class P-acc | LU0218832805 |  |  |  |
| Shares outstanding |  | 48 770.6950 | 52 426.4050 | 91 312.8740 |
| Net asset value per share in USD |  | 108.99 | 118.02 | 117.15 |
| Issue and redemption price per share in USD 2 |  | 109.49 | 118.02 | 116.99 |
| Class (CHF hedged) P-acc | LU0849400626 |  |  |  |
| Shares outstanding |  | 2 057.7150 | 2 140.0990 | 3 846.4610 |
| Net asset value per share in CHF |  | 83.10 | 91.34 | 93.81 |
| Issue and redemption price per share in CHF 2 |  | 83.48 | 91.34 | 93.68 |
| Class (EUR hedged) P-acc | LU0849401350 |  |  |  |
| Shares outstanding |  | 10 325.4210 | 14 138.0130 | 28 167.4550 |
| Net asset value per share in EUR |  | 85.84 | 94.27 | 96.43 |
| Issue and redemption price per share in EUR 2 |  | 86.23 | 94.27 | 96.29 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Semi-Annual Report as of 31 March 2020
|  | ISIN | 31.3.2020 | 30.9.2019 | 30.9.2018 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class Q-acc 7 | LU1240792256 |  |  |  |
| Shares outstanding |  | - | - | 181.8080 |
| Net asset value per share in USD |  | - | - | 98.71 |
| Issue and redemption price per share in USD 2 |  | - | - | 98.57 |
| Class (EUR hedged) Q-acc | LU1121267162 |  |  |  |
| Shares outstanding | 3 157.5740 | 3 342.9160 | 2 965.6790 |
| Net asset value per share in EUR | 80.60 | 88.21 | 89.59 |
| Issue and redemption price per share in EUR 2 | 80.97 | 88.21 | 89.46 |
| 1  The share class F-acc was in circulation until 1.10.2018 2  See note 1 3  The share class I-A1-acc was in circulation until 16.1.2020 4  The share class (EUR hedged) I-A2-acc was in circulation until 6.12.2019 5  The share class (EUR hedged) I-B-acc was in circulation until 8.4.2019 6  The share class (EUR hedged) I-X-acc was in circulation until 6.3.2020 7  The share class Q-acc was in circulation until 12.10.2018 |  |  |  |


## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
United States	64.79
United Kingdom	7.46
France	4.25
The Netherlands	3.68
Australia	2.09
Spain	2.04
Mexico	1.18
Canada	1.05
Luxembourg	0.69
Germany	0.68
Belgium	0.58
Ireland	0.57
Singapore	0.49
Japan	0.36
Czech Republic	0.30
Romania	0.30
Finland	0.30
Poland	0.29
Portugal	0.29
Denmark	0.29
Switzerland	0.29
New Zealand	0.20
Cayman Islands	0.08
Jersey	0.07
Curacao	0.05
Total	92.37
Economic Breakdown as a % of net assets	
Countries & central governments	42.53
Banks & credit institutions	13.35
Finance & holding companies	10.15
Energy & water supply	4.71
Insurance	3.31
Telecommunications	2.78
Petroleum	2.70
Real Estate	1.77
Pharmaceuticals, cosmetics & medical products	1.39
Tobacco & alcohol	0.96
Traffic & transportation	0.93
Electrical devices & components	0.85
Mortgage & funding institutions	0.83
Retail trade, department stores	0.79
Internet, software & IT services	0.73
Graphic design, publishing & media	0.65
Miscellaneous services	0.60
Chemicals	0.56
Food & soft drinks	0.39
Investment funds	0.30
Computer hardware & network equipment providers	0.27
Biotechnology	0.27
Miscellaneous consumer goods	0.26
Aerospace industry	0.25
Precious metals & stones	0.16
Mechanical engineering & industrial equipment	0.16
Healthcare & social services	0.13
Mining, coal & steel	0.13
Vehicles	0.12
Agriculture & fishery	0.11
Miscellaneous unclassified companies	0.08
Electronics & semiconductors	0.07
Miscellaneous trading companies	0.04
Textiles, garments & leather goods	0.03
Lodging, catering & leisure	0.01
Total	92.37
UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Semi-Annual Report as of 31 March 2020

## Statement of Net Assets
Assets	31.3.2020
USD
Investments in securities, cost	35 340 396.68
Investments in securities, unrealized appreciation (depreciation)	645 044.47
Total investments in securities (Note 1)	34 695 352.21
Cash at banks, deposits on demand and deposit accounts	3 389 322.69*
Other liquid assets (Margins)	1 615 589.13
Receivable on securities sales (Note 1)	61 727.89
Receivable on subscriptions	310.04
Interest receivable on securities	245 144.95
Interest receivable on liquid assets	52.44
Other receivables	16 492.22
Unrealized gain (loss) on financial futures (Note 1)	305 645.94
Unrealized gain (loss) on forward foreign exchange contracts (Note 1)	-668 142.27
Total Assets	39 600 877.17
Liabilities
Unrealized gain (loss) on swaps (Note 1)	-60 618.07
Bank overdraft	-880 557.94
Interest payable on bank overdraft	-245.68
Payable on securities purchases (Note 1)	-238 781.04
Payable on redemptions	-904 098.09
Provisions for flat fee (Note 2)	-6 773.16
Provisions for taxe d’abonnement (Note 3)	-1 706.06
Provisions for other commissions and fees (Note 2)		-7 660.93		 Total provisions			-16 140.15
Total Liabilities	-2 039 822.90
Net assets at the end of the period	37 561 054.27

## Statement of Operations
Income	1.10.2019-31.3.2020
USD
Interest on liquid assets	12 682.73
Interest on securities	423 627.99
Dividends (Note 1)	71 048.14
Interest received on swaps (Note 1)	106 669.71
Income on securities lending (Note 12)	18 062.42
Total income	668 836.54
Expenses
Other income (Note 4)	36 745.55
Interest paid on swaps (Note 1)	-44 045.37
Flat fee (Note 2)	-108 784.61
Taxe d’abonnement (Note 3)	-3 919.55
Cost on securities lending (Note 12)	-7 224.97
Other commissions and fees (Note 2)	-7 718.08
Net income (loss) on investments	491 779.89
Total expenses	-177 056.65
Interest on cash and bank overdraft	-5 364.07
Realized gain (loss) (Note 1)
Realized gain (loss) on market-priced securities without options	215 954.79
Realized gain (loss) on options	-22 754.46
Realized gain (loss) on yield-evaluated securities and money market instruments	257 361.17
Realized gain (loss) on financial futures	-1 474 771.49
Realized gain (loss) on forward foreign exchange contracts	336 283.47
Realized gain (loss) on swaps	-211 054.42
Total realized gain (loss)	-740 613.34
Net realized gain (loss) of the period	-248 833.45
Changes in unrealized appreciation (depreciation) (Note 1)
Realized gain (loss) on foreign exchange	158 367.60
Unrealized appreciation (depreciation) on market-priced securities without options	-1 440 679.37 Unrealized appreciation (depreciation) on options		13 232.22
Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments	-39 968.32
Unrealized appreciation (depreciation) on financial futures	26 153.10
Unrealized appreciation (depreciation) on forward foreign exchange contracts	-528 245.73
Total changes in unrealized appreciation (depreciation)	-1 803 270.12
Net increase (decrease) in net assets as a result of operations	-2 052 103.57
Unrealized appreciation (depreciation) on swaps	166 237.98
* As at 31 March 2020, cash amounts serve as collateral for the counterparty Barclays for an amount of EUR 170 000.00.
UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Semi-Annual Report as of 31 March 2020
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.10.2019-31.3.2020 |
| Net assets at the beginning of the period | 57 425 010.94 |
| Subscriptions | 2 932 414.42 |
| Redemptions | 	-20 729 199.13	 |
| Total net subscriptions (redemptions) | -17 796 784.71 |
| Dividend paid | -15 068.39 |
| Net income (loss) on investments | 491 779.89 |
| Total realized gain (loss) | -740 613.34 |
| Total changes in unrealized appreciation (depreciation) | 	-1 803 270.12	 |
| Net increase (decrease) in net assets as a result of operations | -2 052 103.57 |
| Net assets at the end of the period | 37 561 054.27 |
| Changes in the Number of Shares outstanding |  |
|  | 1.10.2019-31.3.2020 |
| Class | I-A1-acc |
| Number of shares outstanding at the beginning of the period | 4 087.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -4 087.0000 |
| Number of shares outstanding at the end of the period | 0.0000 |
| Class | (EUR hedged) I-A2-acc |
| Number of shares outstanding at the beginning of the period | 74 639.4450 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -74 639.4450 |
| Number of shares outstanding at the end of the period | 0.0000 |
| Class | I-B-acc |
| Number of shares outstanding at the beginning of the period | 117 032.7840 |
| Number of shares issued | 10 568.8790 |
| Number of shares redeemed | -18 791.2350 |
| Number of shares outstanding at the end of the period | 108 810.4280 |
| Class | I-X-acc |
| Number of shares outstanding at the beginning of the period | 11 013.3600 |
| Number of shares issued | 152.4560 |
| Number of shares redeemed | -2 860.9510 |
| Number of shares outstanding at the end of the period | 8 304.8650 |
| Class | (CHF hedged) I-X-acc |
| Number of shares outstanding at the beginning of the period | 183 781.4010 |
| Number of shares issued | 11 250.0000 |
| Number of shares redeemed | -31 384.0000 |
| Number of shares outstanding at the end of the period | 163 647.4010 |
| Class | (EUR hedged) I-X-acc |
| Number of shares outstanding at the beginning of the period | 48 721.1760 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -48 721.1760 |
| Number of shares outstanding at the end of the period | 0.0000 |
| Class | (EUR hedged) N-4%-mdist |
| Number of shares outstanding at the beginning of the period | 3 144.9090 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -147.4810 |
| Number of shares outstanding at the end of the period | 2 997.4280 |
| Class | (EUR hedged) N-acc |
| Number of shares outstanding at the beginning of the period | 4 799.4780 |
| Number of shares issued | 413.7010 |
| Number of shares redeemed | -1 826.9130 |
| Number of shares outstanding at the end of the period | 3 386.2660 |
| Class | (EUR hedged) P-4%-mdist |
| Number of shares outstanding at the beginning of the period | 6 818.9950 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -562.1230 |
| Number of shares outstanding at the end of the period | 6 256.8720 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 52 426.4050 |
| Number of shares issued | 2 020.0980 |
| Number of shares redeemed | -5 675.8080 |
| Number of shares outstanding at the end of the period | 48 770.6950 |
| Class | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 2 140.0990 |
| Number of shares issued | 396.1040 |
| Number of shares redeemed | -478.4880 |
| Number of shares outstanding at the end of the period | 2 057.7150 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Semi-Annual Report as of 31 March 2020
| Class | (EUR hedged) P-acc |
| --- | --- |
| Number of shares outstanding at the beginning of the period | 14 138.0130 |
| Number of shares issued | 171.6680 |
| Number of shares redeemed | -3 984.2600 |
| Number of shares outstanding at the end of the period | 10 325.4210 |
| Class | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 3 342.9160 |
| Number of shares issued | 335.6650 |
| Number of shares redeemed | -521.0070 |
| Number of shares outstanding at the end of the period | 3 157.5740 |

| Monthly Distribution 1 |  |
| --- | --- |
| UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| (EUR hedged) N-4%-mdist | 10.10.2019 | 15.10.2019 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 11.11.2019 | 14.11.2019 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 10.12.2019 | 13.12.2019 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 10.1.2020 | 15.1.2020 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 10.2.2020 | 13.2.2020 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 10.3.2020 | 13.3.2020 | EUR | 0.22 |
| (EUR hedged) P-4%-mdist | 10.10.2019 | 15.10.2019 | EUR | 0.23 |
| (EUR hedged) P-4%-mdist | 11.11.2019 | 14.11.2019 | EUR | 0.24 |
| (EUR hedged) P-4%-mdist | 10.12.2019 | 13.12.2019 | EUR | 0.23 |
| (EUR hedged) P-4%-mdist | 10.1.2020 | 15.1.2020 | EUR | 0.24 |
| (EUR hedged) P-4%-mdist | 10.2.2020 | 13.2.2020 | EUR | 0.23 |
| (EUR hedged) P-4%-mdist | 10.3.2020 | 13.3.2020 | EUR | 0.23 |
| 1  See note 5 |  |  |  |  |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Semi-Annual Report as of 31 March 2020

## Statement of Investments in Securities and other Net Assets as of 31 March 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 Notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 3.37500% 20-27.03.25 | 45 000.00 | 51 984.99 | 0.14 |
| Total EUR |  | 51 984.99 | 0.14 |
| USD |  |  |  |
| USD	3M CO 2.65000% 20-15.04.25 | 20 000.00 | 20 605.49 | 0.06 |
| USD	ABBOTT LABORATORIES 4.90000% 16-30.11.46 | 50 000.00 | 68 235.08 | 0.18 |
| USD	ABBVIE INC 4.25000% 18-14.11.28 | 50 000.00 | 53 118.10 | 0.14 |
| USD	ABBVIE INC 4.87500% 18-14.11.48 | 35 000.00 | 40 604.39 | 0.11 |
| USD	ADOBE INC 2.15000% 20-01.02.27 | 50 000.00 | 50 626.94 | 0.13 |
| USD	ALBEMARLE CORPORATION 5.45000% 14-01.12.44 | 50 000.00 | 58 061.06 | 0.15 |
| USD	ALLERGAN FUNDING SCS 3.45000% 15-15.03.22 | 40 000.00 | 41 533.53 | 0.11 |
| USD	ALLERGAN FUNDING SCS 4.75000% 15-15.03.45 | 12 000.00 | 12 933.97 | 0.03 |
| USD	ALPHABET INC 1.99800% 16-15.08.26 | 75 000.00 | 79 182.54 | 0.21 |
| USD	ALTRIA GROUP INC 4.40000% 19-14.02.26 | 35 000.00 | 36 831.58 | 0.10 |
| USD	ALTRIA GROUP INC 5.95000% 19-14.02.49 | 30 000.00 | 34 690.20 | 0.09 |
| USD	AMAZON.COM INC 2.80000% 18-22.08.24 | 90 000.00 | 95 613.17 | 0.25 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 135 000.00 | 138 309.44 | 0.37 |
| USD	AMGEN INC 4.40000% 15-01.05.45 | 25 000.00 | 29 346.70 | 0.08 |
| USD	ANHEUSER-BUSCH COS 3.65000% 19-01.02.26 | 45 000.00 | 47 181.69 | 0.13 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.15000% 19-23.01.25 | 25 000.00 | 26 837.73 | 0.07 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.75000% 19-23.01.29 | 30 000.00 | 33 115.49 | 0.09 |
| USD	ANTHEM INC 3.65000% 17-01.12.27 | 25 000.00 | 25 793.69 | 0.07 |
| USD	APPLE INC 1.80000% 19-11.09.24 | 30 000.00 | 30 542.63 | 0.08 |
| USD	APPLE INC 3.85000% 16-04.08.46 | 60 000.00 | 72 278.57 | 0.19 |
| USD	APT PIPELINES LTD-REG-S 4.20000% 15-23.03.25 | 20 000.00 | 20 673.60 | 0.06 |
| USD	APT PIPELINES LTD-REG-S 4.25000% 17-15.07.27 | 25 000.00 | 28 423.00 | 0.08 |
| USD	ARCHER-DANIELS MIDLAND CO 2.75000% 20-27.03.25 | 15 000.00 | 15 308.75 | 0.04 |
| USD	AT&T INC 4.35000% 19-01.03.29 | 80 000.00 | 86 311.60 | 0.23 |
| USD	AT&T INC 4.75000% 15-15.05.46 | 65 000.00 | 71 884.82 | 0.19 |
| USD	AT&T INC 5.55000% 11-15.08.41 | 40 000.00 | 45 497.18 | 0.12 |
| USD	BAT CAPITAL CORP 3.55700% 18-15.08.27 | 40 000.00 | 37 673.36 | 0.10 |
| USD	CANADIAN NATURAL RESOURCES LTD 2.95000% 17-15.01.23 | 35 000.00 | 30 356.88 | 0.08 |
| USD	CANADIAN NATURAL RESOURCES LTD 3.85000% 17-01.06.27 | 50 000.00 | 39 540.08 | 0.11 |
| USD	CCO LLC/CAPITAL 4.50000% 18-01.02.24 | 60 000.00 | 61 821.95 | 0.16 |
| USD	CENOVUS ENERGY INC 4.25000% 17-15.04.27 | 40 000.00 | 19 587.50 | 0.05 |
| USD	CF INDUSTRIES INC 5.15000% 14-15.03.34 | 40 000.00 | 40 610.00 | 0.11 |
| USD	CIGNA CORP 3.40000% 19-17.09.21 | 45 000.00 | 45 844.76 | 0.12 |
| USD	CIGNA CORP 4.37500% 19-15.10.28 | 40 000.00 | 42 927.79 | 0.11 |
| USD	CIGNA CORP 4.90000% 19-15.12.48 | 20 000.00 | 23 995.78 | 0.06 |
| USD	CITIGROUP INC 4.65000% 18-23.07.48 | 75 000.00 | 90 160.94 | 0.24 |
| USD	COMCAST CORP 3.95000% 18-15.10.25 | 50 000.00 | 54 366.97 | 0.14 |
| USD	COMCAST CORP 4.15000% 18-15.10.28 | 30 000.00 | 33 684.40 | 0.09 |
| USD	COMCAST CORP 4.70000% 18-15.10.48 | 25 000.00 | 32 387.50 | 0.09 |
| USD	COMCAST CORP 4.95000% 18-15.10.58 | 25 000.00 | 33 836.69 | 0.09 |
| USD	CONAGRA BRANDS INC 3.80000% 18-22.10.21 | 20 000.00 | 20 128.03 | 0.05 |
| USD	CONAGRA BRANDS INC 5.40000% 18-01.11.48 | 30 000.00 | 33 751.40 | 0.09 |
| USD	CVS HEALTH CORP 2.62500% 19-15.08.24 | 45 000.00 | 45 637.66 | 0.12 |
| USD	CVS HEALTH CORP 3.35000% 18-09.03.21 | 16 000.00 | 16 087.40 | 0.04 |
| USD	CVS HEALTH CORP 4.30000% 18-25.03.28 | 50 000.00 | 53 482.18 | 0.14 |
| USD	CVS HEALTH CORP 5.05000% 18-25.03.48 | 25 000.00 | 28 563.20 | 0.08 |
| USD	CVS HEALTH CORP 5.12500% 15-20.07.45 | 40 000.00 | 46 024.44 | 0.12 |
| USD	DIAMONDBACK ENERGY INC 3.25000% 19-01.12.26 | 50 000.00 | 35 278.10 | 0.09 |
| USD	DISCOVERY COMMUNICATIONS LLC 5.30000% 19-15.05.49 | 55 000.00 | 55 644.98 | 0.15 |
| USD	ENABLE MIDSTREAM PARTNERS LP 3.90000% 15-15.05.24 | 35 000.00 | 19 420.14 | 0.05 |
| USD	ENERGY TRANSFER OPERATING LP 4.50000% 19-15.04.24 | 35 000.00 | 31 216.69 | 0.08 |
| USD	ENERGY TRANSFER PARTNERS LP 6.05000% 11-01.06.41 | 50 000.00 | 43 536.18 | 0.12 |
| USD	ENERGY TRANSFER PARTNERS LP 6.00000% 18-15.06.48 | 45 000.00 | 37 746.43 | 0.10 |
| USD	EXELON CORP 3.40000% 16-15.04.26 | 25 000.00 | 24 233.67 | 0.06 |
| USD	FEDEX CORP 4.55000% 16-01.04.46 | 10 000.00 | 9 507.17 | 0.03 |
| USD	GE CAPITAL INTL FUNDING CO 4.41800% 16-15.11.35 | 200 000.00 | 213 416.12 | 0.57 |
| USD	GENERAL ELECTRIC CO 3.15000% 12-07.09.22 | 30 000.00 | 30 336.77 | 0.08 |
| USD	GENERAL MOTORS FINANCIAL CO 4.35000% 18-09.04.25 | 105 000.00 | 91 098.72 | 0.24 |
| USD	GEORGIA POWER CO 2.10000% 20-30.07.23 | 35 000.00 | 34 135.90 | 0.09 |
| USD	GILEAD SCIENCES INC 4.80000% 14-01.04.44 | 30 000.00 | 38 485.41 | 0.10 |
| USD	GILEAD SCIENCES INC 4.75000% 15-01.03.46 | 25 000.00 | 31 925.50 | 0.09 |
| USD	HARTFORD FINANCIAL SERVICES GROUP INC 4.40000% 18-15.03.48 | 55 000.00 | 58 367.01 | 0.16 |
| USD	HCP INC 3.87500% 14-15.08.24 | 45 000.00 | 45 859.51 | 0.12 |
| USD	HSBC HOLDINGS PLC 5.10000% 11-05.04.21 | 95 000.00 | 97 129.39 | 0.26 |
| USD	ILLINOIS TOOL WORKS INC 2.65000% 16-15.11.26 | 60 000.00 | 59 322.72 | 0.16 |
| USD	JPMORGAN CHASE & CO 3.20000% 13-25.01.23 | 270 000.00 | 277 767.23 | 0.74 |
| USD	KINDER MORGAN INC 3.15000% 17-15.01.23 | 45 000.00 | 43 898.84 | 0.12 |
| USD	KRAFT HEINZ FOODS CO 5.00000% 13-04.06.42 | 50 000.00 | 47 339.30 | 0.13 |
| USD	KROGER CO 3.87500% 16-15.10.46 | 10 000.00 | 9 790.90 | 0.03 |
| USD	KROGER CO 4.65000% 17-15.01.48 | 10 000.00 | 11 309.66 | 0.03 |
| USD	LINCOLN NATIONAL CORP 3.80000% 18-01.03.28 | 80 000.00 | 79 581.43 | 0.21 |
| USD	LOWE’S COS INC 4.25000% 14-15.09.44 | 45 000.00 | 43 104.51 | 0.11 |
| USD	MARATHON OIL CORP 3.85000% 15-01.06.25 | 40 000.00 | 28 819.50 | 0.08 |
| USD	MEXICHEM SAB DE CV-REG-S 5.50000% 17-15.01.48 | 200 000.00 | 172 500.00 | 0.46 |
| USD	MICROSOFT CORP 3.70000% 16-08.08.46 | 40 000.00 | 48 017.53 | 0.13 |
| USD	MORGAN STANLEY 2.50000% 16-21.04.21 | 140 000.00 | 140 401.00 | 0.37 |
| USD	MPLX LP 5.20000% 17-01.03.47 | 40 000.00 | 33 000.65 | 0.09 |
| USD	NEXEN INC 6.40000% 07-15.05.37 | 45 000.00 | 62 732.81 | 0.17 |
| USD	NIKE INC 2.40000% 20-27.03.25 | 10 000.00 | 10 391.36 | 0.03 |
| USD	NOBLE ENERGY INC 3.85000% 17-15.01.28 | 30 000.00 | 21 219.86 | 0.06 |
| USD	PHILIP MORRIS INTERNATIONAL INC 4.25000% 14-10.11.44 | 25 000.00 | 27 648.32 | 0.07 |
| USD	PHILLIPS 66 PARTNERS LP 4.68000% 15-15.02.45 | 25 000.00 | 20 447.89 | 0.05 |
| USD	QUALCOMM INC 4.30000% 17-20.05.47 | 30 000.00 | 35 999.07 | 0.10 |
| USD	REYNOLDS AMERICAN INC 5.70000% 15-15.08.35 | 15 000.00 | 16 082.30 | 0.04 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Semi-Annual Report as of 31 March 2020
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | ROYAL BANK OF SCOTLAND GROUP PLC-SUB 6.10000% 13-10.06.23 | 65 000.00 | 67 261.51 | 0.18 |
| USD | SCENTRE GROUP TRUST 1 /2-REG-S 2.37500% 15-28.04.21 | 55 000.00 | 53 645.35 | 0.14 |
| USD | SEMPRA ENERGY 6.00000% 09-15.10.39 | 40 000.00 | 43 974.85 | 0.12 |
| USD | SGSP AUSTRALIA ASSETS PTY LTD-REG-S 3.25000% 16-29.07.26 | 200 000.00 | 217 112.56 | 0.58 |
| USD | SOUTHERN CO 3.25000% 16-01.07.26 | 50 000.00 | 49 780.58 | 0.13 |
| USD | SOUTHERN CO 4.40000% 16-01.07.46 | 15 000.00 | 15 599.15 | 0.04 |
| USD | SUMITOMO MITSUI FIN GP INC 2.93400% 16-09.03.21 | 30 000.00 | 29 995.20 | 0.08 |
| USD | SUMITOMO MITSUI FIN GP INC-SUB 3.20200% 19-17.09.29 | 70 000.00 | 65 699.20 | 0.18 |
| USD | TELEFONICA EMISIONES SA 5.52000% 19-01.03.49 | 260 000.00 | 304 715.32 | 0.81 |
| USD | TEVA PHARMACEUTICAL FINANCE NL III BV 2.80000% 16-21.07.23 | 35 000.00 | 31 675.00 | 0.08 |
| USD | THERMO FISHER SCIENTIFIC INC 4.13300% 20-25.03.25 | 25 000.00 | 26 756.34 | 0.07 |
| USD | TRUIST FINANCIAL CORP 2.70000% 16-27.01.22 | 70 000.00 | 70 377.00 | 0.19 |
| USD | UNION PACIFIC CORP 4.05000% 15-15.11.45 | 20 000.00 | 21 199.81 | 0.06 |
| USD | UNITED TECHNOLOGIES CORP 3.95000% 18-16.08.25 | 40 000.00 | 43 663.68 | 0.12 |
| USD | VALERO ENERGY CORP 4.90000% 15-15.03.45 | 50 000.00 | 51 733.17 | 0.14 |
| USD | VERIZON COMMUNICATIONS INC 3.37600% 18-15.02.25 | 26 000.00 | 27 773.25 | 0.07 |
| USD | VIRGINIA ELECTRIC & POWER CO 3.80000% 18-01.04.28 | 20 000.00 | 21 177.27 | 0.06 |
| USD | VODAFONE GROUP PLC 4.37500% 13-19.02.43 | 15 000.00 | 15 470.66 | 0.04 |
| USD | WALT DISNEY CO 6.20000% 19-15.12.34 | 85 000.00 | 117 941.42 | 0.31 |
| USD | WELLS FARGO & CO 2.10000% 16-26.07.21 | 65 000.00 | 64 783.23 | 0.17 |
| USD | WELLS FARGO & CO 3.06900% 17-24.01.23 | 80 000.00 | 80 846.38 | 0.22 |
| USD | WESTPAC BANKING CORP 2.80000% 17-11.01.22 | 25 000.00 | 25 056.25 | 0.07 |
| USD | WESTPAC BANKING CORP 2.00000% 20-13.01.23 | 35 000.00 | 34 600.82 | 0.09 |
| USD | WILLIAMS COS INC/THE 4.30000% 14-04.03.24 | 35 000.00 | 32 750.41 | 0.09 |
| USD | WILLIAMS COS INC/THE 4.90000% 14-15.01.45 | 20 000.00 | 17 496.82 | 0.05 |
| USD | WPP FINANCE 2010 3.75000% 14-19.09.24 | 30 000.00 | 30 261.83 | 0.08 |
| USD | XLIT LTD 5.25000% 13-15.12.43 | 25 000.00 | 29 351.27 | 0.08 |
| Total USD |  |  | 5 771 420.75 | 15.37 |
| Total Notes, fixed rate |  | 5 823 405.74 | 15.51 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	BK OF AMERICA CORP 3.004%/VAR 18-20.12.23 | 120 000.00 | 122 423.53 | 0.33 |
| USD	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.625%/VAR 14-PRP | 185 000.00 | 178 062.50 | 0.47 |
| USD	JPMORGAN CHASE & CO 2.739%/VAR 19-15.10.30 | 110 000.00 | 111 445.05 | 0.30 |
| USD	ROYAL BK OF SCOTLAND GP PLC 4.519%/VAR 18-25.06.24 | 200 000.00 | 201 388.12 | 0.54 |
| Total USD |  | 613 319.20 | 1.64 |
| Total Notes, floating rate |  | 613 319.20 | 1.64 |
| Medium term notes, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	AURIZON NETWORK PTY LTD-REG-S 4.00000% 17-21.06.24 | 30 000.00 | 19 357.06 | 0.05 |
| AUD	BANCO SANTANDER SA 4.00000% 17-19.01.23 | 200 000.00 | 128 213.46 | 0.34 |
| Total AUD |  | 147 570.52 | 0.39 |
| EUR |  |  |  |
| EUR	BANCO SANTANDER SA-REG-S-SUB 3.25000% 16-04.04.26 | 100 000.00 | 108 983.37 | 0.29 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S-SUB 3.00000% 15-11.09.25 | 100 000.00 | 110 343.40 | 0.29 |
| EUR	BAT INTERNATIONAL FINANCE PLC-REG-S 0.87500% 15-13.10.23 | 100 000.00 | 107 213.62 | 0.29 |
| EUR	BNP PARIBAS-REG-S 1.25000% 18-19.03.25 | 100 000.00 | 106 238.16 | 0.28 |
| EUR	BNP PARIBAS-REG-S 1.00000% 18-17.04.24 | 100 000.00 | 106 180.67 | 0.28 |
| EUR	BPCE SA-REG-S 1.37500% 18-23.03.26 | 100 000.00 | 105 151.22 | 0.28 |
| EUR	CANAL DE ISABEL II GESTION SA-REG-S 1.68000% 15-26.02.25 | 100 000.00 | 111 797.74 | 0.30 |
| EUR	CREDIT AGRICOLE SA LONDON-REG-S 1.37500% 18-13.03.25 | 100 000.00 | 106 568.87 | 0.28 |
| EUR	DANSKE BANK AS-REG-S 1.37500% 19-24.05.22 | 100 000.00 | 107 652.73 | 0.29 |
| EUR	DEUTSCHE BANK AG-REG-S 1.12500% 18-30.08.23 | 40 000.00 | 43 287.18 | 0.12 |
| EUR	DEUTSCHE BANK AG-REG-S 1.62500% 19-12.02.21 | 100 000.00 | 107 606.87 | 0.29 |
| EUR	FORD MOTOR CREDIT CO LLC 3.02100% 19-06.03.24 | 100 000.00 | 88 996.19 | 0.24 |
| EUR	GALP GAS NATURAL DISTRIBUICAO SA-REG-S 1.37500% 16-19.09.23 | 100 000.00 | 108 673.83 | 0.29 |
| EUR	GLOBALWORTH REAL ESTATE INVEST-REG-S 3.00000% 18-29.03.25 | 100 000.00 | 111 302.30 | 0.30 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 2.00000% 15-27.07.23 | 130 000.00 | 142 650.20 | 0.38 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 1.62500% 16-27.07.26 | 50 000.00 | 53 159.57 | 0.14 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 2.00000% 18-01.11.28 | 40 000.00 | 42 766.40 | 0.11 |
| EUR	ING GROEP NV-REG-S 1.12500% 18-14.02.25 | 100 000.00 | 105 073.76 | 0.28 |
| EUR	NET4GAS SRO-REG-S 2.50000% 14-28.07.21 | 100 000.00 | 112 204.78 | 0.30 |
| EUR	PETROLEOS MEXICANOS-REG-S 3.75000% 17-21.02.24 | 100 000.00 | 87 711.42 | 0.23 |
| EUR	REDEXIS GAS FINANCE BV-REG-S 1.87500% 15-27.04.27 | 100 000.00 | 107 303.15 | 0.29 |
| EUR	VOLKSWAGEN LEASING GMBH-REG-S 1.62500% 18-15.08.25 | 45 000.00 | 46 583.24 | 0.12 |
| Total EUR |  | 2 127 448.67 | 5.67 |
| GBP |  |  |  |
| GBP	ANGLIAN WATER SERVICES FINANCING-REG-S 4.50000% 13-22.02.26 | 100 000.00 | 133 644.96 | 0.36 |
| GBP	LLOYDS BANKING GROUP PLC 2.25000% 17-16.10.24 | 100 000.00 | 119 641.13 | 0.32 |
| GBP	PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 4.12500% 17-20.07.22 | 100 000.00 | 124 859.49 | 0.33 |
| GBP	THAMES WATER UTILITIES FINANCE PLC 5.12500% 06-28.09.37 | 65 000.00 | 103 560.27 | 0.27 |
| Total GBP |  | 481 705.85 | 1.28 |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 3.87500% 15-01.08.25 | 230 000.00 | 244 433.72 | 0.65 |
| USD	GENERAL ELECTRIC CO 4.37500% 10-16.09.20 | 30 000.00 | 30 017.33 | 0.08 |
| USD	HENKEL AG & CO KGAA-REG-S 2.00000% 17-12.06.20 | 60 000.00 | 59 928.00 | 0.16 |
| USD	MCDONALD’S CORP 3.30000% 20-01.07.25 | 5 000.00 | 5 198.70 | 0.01 |
| USD	MIRVAC GROUP FINANCE LTD-REG-S 3.62500% 17-18.03.27 | 200 000.00 | 211 271.84 | 0.56 |
| USD	MORGAN STANLEY 4.00000% 15-23.07.25 | 110 000.00 | 115 946.25 | 0.31 |
| USD	MORGAN STANLEY-SUB 4.35000% 14-08.09.26 | 30 000.00 | 31 778.12 | 0.08 |
| USD	PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 5.37500% 17-06.07.27 | 200 000.00 | 188 000.00 | 0.50 |
| USD	WALT DISNEY CO/THE 1.85000% 16-30.07.26 | 10 000.00 | 9 895.87 | 0.03 |
| USD	WELLS FARGO & CO 2.62500% 17-22.07.22 | 70 000.00 | 70 226.99 | 0.19 |
| Total USD |  | 966 696.82 | 2.57 |
| Total Medium term notes, fixed rate |  | 3 723 421.86 | 9.91 |
| UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Semi-Annual Report as of 31 March 2020 |  |  |  |

| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Medium term notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	AXA SA-REG-S-SUB 3.250%/VAR 18-28.05.49 | 100 000.00 | 108 239.32 | 0.29 |
| EUR	BARCLAYS PLC-REG-S-SUB 2.625%/VAR 15-11.11.25 | 140 000.00 | 149 015.77 | 0.40 |
| EUR	COMMONWEALTH BK OF AUSTRLIA-REG-S-SUB 1.936%/VAR 17-03.10.29 | 100 000.00 | 101 226.80 | 0.27 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 100 000.00 | 108 191.06 | 0.29 |
| EUR	NATIONWIDE BUILDING SOCIETY-REG-S-SUB 2.000%/VAR 17-25.07.29 | 100 000.00 | 99 911.19 | 0.26 |
| EUR	UBS AG-REG-S-SUB 4.750%/VAR 14-12.02.26 | 100 000.00 | 107 530.50 | 0.28 |
| Total EUR |  | 674 114.64 | 1.79 |
| GBP |  |  |  |
| GBP	AVIVA PLC-REG-S-SUB 5.125%VAR 15-04.06.50 | 100 000.00 | 119 956.48 | 0.32 |
| GBP	BARCLAYS PLC-REG-S 2.375%/VAR 17-06.10.23 | 100 000.00 | 120 206.95 | 0.32 |
| GBP	CYBG PLC-REG-S 3.375%/VAR 18-24.04.26 | 100 000.00 | 113 690.95 | 0.30 |
| GBP	M&G PLC-REG-S-SUB 5.000%/VAR 15-20.07.55 | 100 000.00 | 114 914.27 | 0.31 |
| GBP	YORKSHIRE WATER SERVICES FIN-REG-S 3.750%/VAR 10-22.03.46 | 110 000.00 | 139 764.34 | 0.37 |
| Total GBP |  | 608 532.99 | 1.62 |
| USD |  |  |  |
| USD	DBS GROUP HOLDINGS LTD-REG-S-SUB 3.600%/VAR 16-PRP | 200 000.00 | 183 450.00 | 0.49 |
| Total USD |  | 183 450.00 | 0.49 |
| Total Medium term notes, floating rate |  | 1 466 097.63 | 3.90 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ADO PROPERTIES SA-REG-S 1.50000% 17-26.07.24 | 100 000.00 | 97 690.36 | 0.26 |
| EUR	ALLERGAN FUNDING SCS 2.12500% 17-01.06.29 | 100 000.00 | 106 798.63 | 0.28 |
| EUR	BPCE SA-REG-S 0.25000% 20-15.01.26 | 100 000.00 | 103 049.55 | 0.28 |
| EUR	FCC AQUALIA SA-REG-S 2.62900% 17-08.06.27 | 100 000.00 | 111 383.38 | 0.30 |
| EUR	MYLAN NV-REG-S 3.12500% 16-22.11.28 | 100 000.00 | 110 548.96 | 0.29 |
| EUR	PETROLEOS MEXICANOS-REG-S 5.50000% 05-24.02.25 | 20 000.00 | 18 735.55 | 0.05 |
| EUR	RESA SA/BELGIUM-REG-S 1.00000% 16-22.07.26 | 100 000.00 | 109 719.23 | 0.29 |
| EUR	TAURON POLSKA ENERGIA SA-REG-S 2.37500% 17-05.07.27 | 100 000.00 | 110 866.14 | 0.30 |
| EUR	TDF INFRASTRUCTURE SAS 2.87500% 15-19.10.22 | 100 000.00 | 112 197.11 | 0.30 |
| EUR	TEVA PHARMACEUTICAL FINANCE II BV-REG-S 1.12500% 16-15.10.24 | 140 000.00 | 127 260.42 | 0.34 |
| EUR	TRANSPORT ET INFRASTRUCTURES GAZ-REG-S 2.20000% 15-05.08.25 | 100 000.00 | 113 678.61 | 0.30 |
| EUR	VERIZON COMMUNICATIONS INC 2.87500% 17-15.01.38 | 105 000.00 | 117 023.52 | 0.31 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 1.12500% 17-02.10.23 | 100 000.00 | 105 862.68 | 0.28 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 4.12500% 18-16.11.38 | 100 000.00 | 114 244.14 | 0.30 |
| EUR	VVO-YHTYMA OYJ-REG-S 1.62500% 16-17.10.23 | 100 000.00 | 111 199.68 | 0.30 |
| Total EUR |  | 1 570 257.96 | 4.18 |
| GBP |  |  |  |
| GBP	BARCLAYS BANK PLC-SUB 9.50000% 96-07.08.21 | 55 000.00 | 72 728.10 | 0.19 |
| GBP	TESCO PROPERTY FINANCE 4 PLC 5.80060% 11-13.10.40 | 180 000.00 | 271 206.81 | 0.72 |
| Total GBP |  | 343 934.91 | 0.91 |
| USD |  |  |  |
| USD	AMERICAN AIRLINES PASS THROUGH TRUST 4.37500% 14-01.10.22 | 50 000.00 | 26 104.56 | 0.07 |
| USD	BALTIMORE GAS & ELECTRIC CO 3.50000% 16-15.08.46 | 35 000.00 | 34 936.87 | 0.09 |
| USD	CITIGROUP INC 3.87500% 13-25.10.23 | 160 000.00 | 164 507.04 | 0.44 |
| USD	CONSUMERS ENERGY COMPANY 3.25000% 16-15.08.46 | 20 000.00 | 20 022.76 | 0.05 |
| USD	GOLDMAN SACHS GROUP INC-SUB 5.15000% 15-22.05.45 | 45 000.00 | 51 961.82 | 0.14 |
| USD	KROGER CO 3.70000% 17-01.08.27 | 60 000.00 | 64 026.55 | 0.17 |
| USD	MEXICO CITY AIRPORT TRUST-REG-S 5.50000% 17-31.07.47 | 200 000.00 | 165 100.00 | 0.44 |
| USD	MICROSOFT CORP 2.40000% 16-08.08.26 | 30 000.00 | 31 847.61 | 0.08 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 2.66500% 17-25.07.22 | 40 000.00 | 39 870.40 | 0.11 |
| USD	NATL RURAL UTIL COOPERATIVE FIN CORP 3.70000% 19-15.03.29 | 25 000.00 | 25 715.25 | 0.07 |
| USD	PACIFICORP 6.00000% 09-15.01.39 | 60 000.00 | 81 433.18 | 0.22 |
| USD	REYNOLDS AMERICAN INC 4.45000% 15-12.06.25 | 40 000.00 | 40 238.89 | 0.11 |
| USD	SHELL INTERNATIONAL FINANCE BV 4.37500% 15-11.05.45 | 40 000.00 | 46 204.94 | 0.12 |
| USD	SOUTHERN CALIFORNIA EDISON CO 4.00000% 17-01.04.47 | 45 000.00 | 46 870.17 | 0.12 |
| USD	SOUTHERN CALIFORNIA EDISON CO 3.70000% 18-01.08.25 | 25 000.00 | 25 726.58 | 0.07 |
| USD	SOUTHERN CALIFORNIA EDISON CO 2.85000% 19-01.08.29 | 45 000.00 | 43 363.22 | 0.12 |
| USD	SUNCOR ENERGY INC 6.50000% 07-15.06.38 | 55 000.00 | 56 395.34 | 0.15 |
| USD	VERIZON COMMUNICATIONS INC 5.25000% 17-16.03.37 | 20 000.00 | 25 402.41 | 0.07 |
| Total USD |  | 989 727.59 | 2.64 |
| Total Bonds, fixed rate |  | 2 903 920.46 | 7.73 |
| Bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	AG INSURANCE SA/NV-REG-S-SUB 3.500%/VAR 15-30.06.47 | 100 000.00 | 109 692.08 | 0.29 |
| EUR	CREDIT LOGEMENT SA-SUB 4.60400%/3M EURIBOR+115BP 06-PRP | 100 000.00 | 87 965.21 | 0.24 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 4.000%/VAR 18-PRP | 100 000.00 | 106 594.54 | 0.28 |
| EUR	RABOBANK NEDERLAND NV REG-S 5.500%/VAR 15-PRP | 200 000.00 | 209 574.75 | 0.56 |
| EUR	SWISS LIFE AG VIA DEMETER INV BV-SUB 4.375%/VAR 15-PRP | 100 000.00 | 108 490.59 | 0.29 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.875%/VAR 18-PRP | 100 000.00 | 91 472.10 | 0.24 |
| EUR	VOLKSWAGEN INTL FINANCE NV-REG-S-SUB 3.375%/VAR 18-PRP | 100 000.00 | 100 010.61 | 0.27 |
| EUR	VONOVIA FINANCE BV-REG-S-SUB 4.000%/VAR 14-PRP | 100 000.00 | 108 627.75 | 0.29 |
| Total EUR |  | 922 427.63 | 2.46 |
| GBP |  |  |  |
| GBP	BUPA FINANCE PLC 6.125%/VAR 04-PRP | 20 000.00 | 24 024.03 | 0.06 |
| GBP	HSBC BANK CAPITAL FUNDING STERLING-SUB 5.86200%/VAR 04-PRP | 20 000.00 | 24 795.72 | 0.07 |
| GBP	M&G PLC-REG-S-SUB 5.625%/VAR 18-20.10.51 | 175 000.00 | 211 648.50 | 0.56 |
| GBP	SSE PLC-REG-S-SUB 3.875%/VAR 15-PRP | 120 000.00 | 146 144.27 | 0.39 |
| Total GBP |  | 406 612.52 | 1.08 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Semi-Annual Report as of 31 March 2020
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| USD |  |  |  |  |
| USD | SCOR SE-REG-S-SUB 5.250%/VAR 18-PRP | 200 000.00 | 162 729.60 | 0.43 |
| USD | WESTPAC BANKING CORP-SUB 5.000%/VAR 17-PRP | 90 000.00 | 75 850.20 | 0.20 |
| Total USD |  |  | 238 579.80 | 0.63 |
| Total Bonds, floating rate |  | 1 567 619.95 | 4.17 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 2.75000% 18-30.11.20 | 4 600 000.00 | 4 680 679.40 | 12.46 |
| Total USD |  | 4 680 679.40 | 12.46 |
| Total Treasury notes, fixed rate |  | 4 680 679.40 | 12.46 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 20 778 464.24 | 55.32 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Treasury bills, zero coupon |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 20.06.19-18.06.20 | 4 600 000.00 | 4 599 075.58 | 12.24 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 12.09.19-10.09.20 | 4 300 000.00 | 4 297 794.10 | 11.44 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 05.12.19-03.12.20 | 2 400 000.00 | 2 398 708.49 | 6.39 |
| Total USD |  | 11 295 578.17 | 30.07 |
| Total Treasury bills, zero coupon |  | 11 295 578.17 | 30.07 |
| Notes, fixed rate |  |  |  |
| CAD |  |  |  |
| CAD	ROYAL BANK OF CANADA 1.65000% 16-15.07.21 | 95 000.00 | 66 406.90 | 0.18 |
| CAD	TELUS CORP 3.75000% 14-17.01.25 | 15 000.00 | 10 831.28 | 0.03 |
| CAD	TORONTO-DOMINION BANK 2.04500% 16-08.03.21 | 100 000.00 | 70 334.78 | 0.19 |
| Total CAD |  | 147 572.96 | 0.40 |
| USD |  |  |  |
| USD	ABB FINANCE USA INC 2.87500% 12-08.05.22 | 45 000.00 | 45 363.69 | 0.12 |
| USD	ABBVIE INC 4.40000% 13-06.11.42 | 20 000.00 | 22 198.26 | 0.06 |
| USD	ALTRIA GROUP INC 4.25000% 12-09.08.42 | 100 000.00 | 99 403.60 | 0.26 |
| USD	APACHE CORP 4.25000% 12-15.01.44 | 80 000.00 | 34 639.92 | 0.09 |
| USD	BURLINGTON NORTHERN SANTA FE LLC 5.40000% 11-01.06.41 | 35 000.00 | 44 086.44 | 0.12 |
| USD	CCO LLC/CAPITAL 5.37500% 17-01.05.47 | 20 000.00 | 21 586.11 | 0.06 |
| USD	CHEVRON PHILLIPS CHEMICAL CO LLC-144A 3.30000% 18-01.05.23 | 125 000.00 | 121 821.92 | 0.32 |
| USD	CITIGROUP INC-SUB 4.60000% 16-09.03.26 | 30 000.00 | 31 821.41 | 0.08 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 5.30000% 19-01.10.29 | 85 000.00 | 86 710.28 | 0.23 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 8.35000% 16-15.07.46 | 55 000.00 | 65 298.99 | 0.17 |
| USD	DIAGEO CAPITAL PLC 3.87500% 13-29.04.43 | 30 000.00 | 30 696.75 | 0.08 |
| USD	EATON CORP 4.15000% 13-02.11.42 | 40 000.00 | 44 291.92 | 0.12 |
| USD	ENLINK MIDSTREAM PARTNERS LP 4.40000% 14-01.04.24 | 50 000.00 | 25 235.00 | 0.07 |
| USD	ENTERPRISE PRODUCTS OPERATING LLC 4.85000% 13-15.03.44 | 40 000.00 | 41 470.84 | 0.11 |
| USD	ERAC USA FINANCE LLC-144A 5.62500% 12-15.03.42 | 30 000.00 | 32 635.30 | 0.09 |
| USD	FREEPORT-MCMORAN INC 3.87500% 13-15.03.23 | 65 000.00 | 61 425.00 | 0.16 |
| USD	GENERAL ELECTRIC CO 4.12500% 12-09.10.42 | 2 000.00 | 1 888.12 | 0.01 |
| USD	GLENCORE FUNDING LLC-144A 4.87500% 19-12.03.29 | 50 000.00 | 48 172.48 | 0.13 |
| USD	HOME DEPOT INC/THE 4.87500% 13-15.02.44 | 30 000.00 | 37 080.64 | 0.10 |
| USD	JPMORGAN CHASE & CO-SUB 3.62500% 16-01.12.27 | 75 000.00 | 78 977.34 | 0.21 |
| USD	KINDER MORGAN INC-144A 5.62500% 13-15.11.23 | 40 000.00 | 41 903.74 | 0.11 |
| USD	KRAFT HEINZ FOODS CO-144A 4.87500% 15-15.02.25 | 28 000.00 | 28 062.95 | 0.08 |
| USD	LIBERTY MUTUAL GROUP INC-144A 4.56900% 19-01.02.29 | 50 000.00 | 55 247.43 | 0.15 |
| USD	MERCK & CO INC 3.70000% 15-10.02.45 | 15 000.00 | 17 740.43 | 0.05 |
| USD	MICROSOFT CORP 3.50000% 12-15.11.42 | 35 000.00 | 40 152.43 | 0.11 |
| USD	MORGAN STANLEY 6.37500% 12-24.07.42 | 30 000.00 | 41 834.18 | 0.11 |
| USD	MPLX LP-144A 4.25000% 19-01.12.27 | 20 000.00 | 16 154.95 | 0.04 |
| USD	ONCOR ELECTRIC DELIVERY CO 3.70000% 19-15.11.28 | 30 000.00 | 32 098.62 | 0.09 |
| USD	ORIGIN ENERGY FINANCE LTD-REG-S 5.45000% 11-14.10.21 | 40 000.00 | 41 809.60 | 0.11 |
| USD	PPL CAPITAL FUNDING INC 4.70000% 13-01.06.43 | 85 000.00 | 86 023.97 | 0.23 |
| USD	PROCTER & GAMBLE CO 2.45000% 20-25.03.25 | 15 000.00 | 15 761.03 | 0.04 |
| USD	SOUTHWESTERN ELECTRIC POWER 6.20000% 10-15.03.40 | 75 000.00 | 99 036.16 | 0.26 |
| USD	SWISS RE TREASURY (US) CORP-144A 4.25000% 12-06.12.42 | 40 000.00 | 50 358.12 | 0.13 |
| USD	TEACHERS INSURANCE&ANNUITY ASS-144A-SUB 4.90000% 14-15.09.44 | 35 000.00 | 39 777.11 | 0.11 |
| USD	TEVA PHARMACEUTICAL FINANCE IV LLC 3.65000% 11-10.11.21 | 20 000.00 | 19 212.50 | 0.05 |
| USD	UNITD AIRLNS 2016-1 CL B PAS THRUGH TRT 3.65000% 17-07.01.26 | 50 000.00 | 33 561.55 | 0.09 |
| USD	VIACOMCBS INC 4.75000% 20-15.05.25 | 95 000.00 | 95 443.55 | 0.25 |
| USD	VIRGINIA ELECTRIC & POWER CO 4.00000% 16-15.11.46 | 30 000.00 | 32 214.97 | 0.09 |
| USD	XCEL ENERGY INC 4.80000% 11-15.09.41 | 120 000.00 | 129 231.95 | 0.34 |
| Total USD |  | 1 890 429.25 | 5.03 |
| Total Notes, fixed rate |  | 2 038 002.21 | 5.43 |
| Medium term notes, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	AUSGRID FINANCE PTY LTD-REG-S 3.75000% 17-30.10.24 | 50 000.00 | 32 633.59 | 0.09 |
| Total AUD |  | 32 633.59 | 0.09 |
| CAD |  |  |  |
| CAD	BELL CANADA 4.75000% 14-29.09.44 | 15 000.00 | 11 788.28 | 0.03 |
| CAD	SUNCOR ENERGY INC 3.00000% 16-14.09.26 | 40 000.00 | 25 191.27 | 0.07 |
| Total CAD |  | 36 979.55 | 0.10 |
| Total Medium term notes, fixed rate |  | 69 613.14 | 0.19 |
| UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) |  |  |  |
| Semi-Annual Report as of 31 March 2020 |  |  |  |

| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |

Bonds, fixed rate
| USD |  |
| --- | --- |
| USD | AT&T INC 3.00000% 12-15.02.22 | 50 000.00 | 50 425.28 | 0.13 |
| USD | COMCAST CORP 4.75000% 14-01.03.44 | 20 000.00 | 25 398.84 | 0.07 |
| USD | DUKE ENERGY CAROLINAS LLC 4.00000% 12-30.09.42 | 50 000.00 | 56 232.14 | 0.15 |
| USD | MONONGAHELA POWER CO-144A 5.40000% 13-15.12.43 | 35 000.00 | 39 042.26 | 0.10 |
| USD | PHILLIPS 66 4.65000% 14-15.11.34 | 30 000.00 | 27 902.50 | 0.07 |
| USD | TIME WARNER CABLE LLC 4.50000% 12-15.09.42 | 35 000.00 | 32 863.81 | 0.09 |
| Total USD |  |  | 231 864.83 | 0.61 |
| Total Bonds, fixed rate | 231 864.83 | 0.61 |
| Total Transferable securities and money market instruments traded on another regulated market | 13 635 058.35 | 36.30 |

Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market
Notes, fixed rate
| USD |  |
| --- | --- |
| USD | HOME DEPOT INC 2.50000% 20-15.04.27 | 35 000.00 | 35 274.61 | 0.09 |
| USD | ORACLE CORP 2.50000% 20-01.04.25 | 25 000.00 | 25 236.44 | 0.07 |
| USD | SYSCO CORP 5.65000% 20-01.04.25 | 15 000.00 | 15 615.90 | 0.04 |
| Total USD |  |  | 76 126.95 | 0.20 |
| Total Notes, fixed rate |  | 76 126.95 | 0.20 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market |  | 76 126.95 | 0.20 |
| Recently issued transferable securities and money market instruments |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BRISTOL MYERS SQUIBB CO-144A 3.87500% 19-15.08.25 | 70 000.00 | 80 181.44 | 0.22 |
| USD	CARRIER GLOBAL CORP-144A 2.72200% 20-15.02.30 | 50 000.00 | 46 071.65 | 0.12 |
| USD	CHEVRON PHILLIPS CHEMICAL CO LLC-144A 5.12500% 20-01.04.25 | 30 000.00 | 30 854.72 | 0.08 |
| USD	OTIS WORLDWIDE CORP-144A 2.56500% 20-15.02.30 | 50 000.00 | 48 594.86 | 0.13 |
| Total USD |  | 205 702.67 | 0.55 |
| Total Notes, fixed rate |  | 205 702.67 | 0.55 |
| Total Recently issued transferable securities and money market instruments |  | 205 702.67 | 0.55 |
| Total investments in securities |  | 34 695 352.21 | 92.37 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange |
| Financial Futures on bonds |
|  |  |  |  |
| EUR	EURO-BUND FUTURE 08.06.20 | -24.00 | 61 566.70 | 0.16 |
| GBP	LONG GILT FUTURE 26.06.20 | -12.00 | -28 928.03 | -0.08 |
| USD	US 2YR TREASURY NOTE FUTURE 30.06.20 | 30.00 | 82 679.65 | 0.22 |
| USD	US 10YR TREASURY NOTE FUTURE 19.06.20 | -6.00 | -5 890.63 | -0.03 |
| USD	US 5YR TREASURY NOTE FUTURE 30.06.20 | 19.00 | 69 914.05 | 0.19 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 19.06.20 | -9.00 | -178 250.00 | -0.47 |
| AUD	AUSTRALIA 10YR BOND FUTURE 15.06.20 | 7.00 | -4 437.55 | -0.01 |
| CAD	CAN 10YR BOND FUTURE 19.06.20 | 3.00 | 11 760.99 | 0.03 |
| Total Financial Futures on bonds |  | 8 415.18 | 0.01 |
| Financial Futures on Indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.06.20 | -23.00 | -22 208.34 | -0.06 |
| EUR	DAX INDEX FUTURE 19.06.20 | 1.00 | 39 322.70 | 0.10 |
| EUR	EURO STOXX BANKS PRICE INDEX FUTURE 19.06.20 | 250.00 | -30 097.57 | -0.08 |
| CHF	SWISS MARKET INDEX FUTURE 19.06.20 | 4.00 | 64 162.06 | 0.17 |
| EUR	CAC 40 INDEX FUTURE 17.04.20 | -33.00 | -231 268.48 | -0.62 |
| GBP	FTSE 100 INDEX FUTURE 19.06.20 | 10.00 | 88 427.03 | 0.24 |
| EUR	FTSE/MIB INDEX FUTURE 19.06.20 | 7.00 | 97 123.08 | 0.26 |
| USD	S&P500 EMINI FUTURE 19.06.20 | 1.00 | -5 605.00 | -0.01 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 19.06.20 | 69.00 | 159 735.00 | 0.43 |
| AUD	SPI 200 INDEX FUTURES 18.06.20 | 3.00 | -1 790.25 | 0.00 |
| JPY	TOPIX INDX FUTURE 11.06.20 | 23.00 | 139 826.78 | 0.37 |
| CAD	S&P/TSX 60 INDEX FUTURE 18.06.20 | 2.00 | -396.25 | 0.00 |
| Total Financial Futures on Indices |  | 297 230.76 | 0.80 |
| Total Derivative instruments listed on an official stock exchange |  | 305 645.94 | 0.81 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Semi-Annual Report as of 31 March 2020
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |

Derivative instruments not listed on an official stock exchange and not traded on another regulated market
Credit default swaps*
| USD | ICE/CDX.NA.IG.34 CDI PAYER 1.00000% 20-20.06.25 | -9 000 000.00 | 56 904.00 | 0.15 |
| --- | --- | --- | --- | --- |
| EUR | ICE//ITRX EUROPE.S33 CDI PAY 1.00000% 20-20.06.25 | -5 300 000.00 | -10 597.64 | -0.03 |
| USD | BARCLAYS/TCKBCN CREDIT DEFAULT SWAP REC 1.00000% 15-20.09.20 | 630 000.00 | 3 163.82 | 0.01 |
| EUR | ICE/ITRX.XOVER.33 CDI REC 5.00000% 20-20.06.25 | 520 000.00 | -16 288.25 | -0.04 |
| USD | ICE/CDX.NA.HY.34 CDI REC 5.00000% 20-20.06.25 | 1 500 000.00 | -93 800.00 | -0.25 |
| Total Credit default swaps | -60 618.07 | -0.16 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market | -60 618.07 | -0.16 |
| Total Derivative instruments | 245 027.87 | 0.65 |
| Forward Foreign Exchange contracts |  |  |
| Forward Foreign Exchange contracts (Purchase/Sale) |  |  |

| MYR | 3 137 000.00 | USD | 739 248.26 | 20.4.2020 | -10 468.68 | -0.03 |
| --- | --- | --- | --- | --- | --- | --- |
| CLP | 1 022 300 000.00 | USD | 1 224 384.69 | 20.4.2020 | -24 421.90 | -0.07 |
| COP | 8 859 478 000.00 | USD | 2 317 172.67 | 20.4.2020 | -137 637.37 | -0.37 |
| BRL | 6 330 000.00 | USD | 1 351 005.25 | 20.4.2020 | -132 046.97 | -0.35 |
| USD | 1 457 828.97 | EUR | 1 300 000.00 | 20.4.2020 | 30 551.42 | 0.08 |
| USD | 145 000.00 | MYR | 626 110.00 | 20.4.2020 | -456.23 | 0.00 |
| MXN | 24 930 000.00 | USD | 1 145 822.59 | 20.4.2020 | -86 155.99 | -0.23 |
| USD | 290 000.00 | CLP | 242 585 000.00 | 20.4.2020 | 5 256.80 | 0.01 |
| MXN | 12 494 935.59 | USD | 580 000.00 | 20.4.2020 | -48 894.27 | -0.13 |
| USD | 580 000.00 | COP | 2 287 276 400.00 | 20.4.2020 | 17 303.23 | 0.05 |
| USD | 290 000.00 | BRL | 1 371 120.00 | 20.4.2020 | 25 965.55 | 0.07 |
| USD | 911 954.03 | HUF | 278 500 000.00 | 20.4.2020 | 64 417.04 | 0.17 |
| USD | 1 337 813.71 | NZD | 2 215 000.00 | 20.4.2020 | 24 839.25 | 0.07 |
| USD | 2 868 300.83 | GBP | 2 330 000.00 | 20.4.2020 | -21 704.30 | -0.06 |
| CHF | 17 086 000.00 | USD | 18 118 481.68 | 20.4.2020 | -444 578.51 | -1.18 |
| SEK | 17 490 000.00 | USD | 1 807 325.80 | 20.4.2020 | -41 361.99 | -0.11 |
| USD | 1 846 324.31 | THB | 59 320 000.00 | 20.4.2020 | 38 721.57 | 0.10 |
| USD | 1 103 697.17 | AUD | 1 790 000.00 | 20.4.2020 | 8 030.78 | 0.02 |
| JPY | 352 300 000.00 | USD | 3 333 269.94 | 20.4.2020 | -67 413.17 | -0.18 |
| USD | 3 691 763.23 | CHF | 3 480 000.00 | 20.4.2020 | 92 021.74 | 0.25 |
| NOK | 34 390 000.00 | USD | 3 359 010.21 | 20.4.2020 | -83 692.09 | -0.22 |
| USD | 3 800 607.62 | CAD | 5 290 000.00 | 20.4.2020 | 83 487.57 | 0.22 |
| USD | 2 976 728.06 | EUR | 2 660 000.00 | 20.4.2020 | 56 298.62 | 0.15 |
| EUR | 2 218 700.00 | USD | 2 482 882.16 | 20.4.2020 | -46 958.55 | -0.13 |
| USD | 168 969.66 | EUR | 151 200.00 | 20.4.2020 | 2 966.30 | 0.01 |
| USD | 703 404.19 | CHF | 663 500.00 | 20.4.2020 | 17 074.17 | 0.05 |
| CHF | 274 200.00 | USD | 286 117.06 | 20.4.2020 | -2 482.26 | -0.01 |
| USD | 31 621.42 | EUR | 29 100.00 | 20.4.2020 | -327.64 | 0.00 |
| USD | 739 717.95 | EUR | 690 000.00 | 20.4.2020 | -17 837.06 | -0.05 |
| USD | 150 658.21 | CHF | 148 000.00 | 20.4.2020 | -2 434.24 | -0.01 |
| USD | 107 716.54 | CHF | 106 200.00 | 20.4.2020 | -2 137.64 | -0.01 |
| GBP | 220 000.00 | USD | 255 497.40 | 20.4.2020 | 17 378.62 | 0.05 |
| NOK | 3 340 000.00 | USD | 301 180.97 | 20.4.2020 | 16 922.04 | 0.05 |
| USD | 69 744.42 | EUR | 63 200.00 | 20.4.2020 | 356.77 | 0.00 |
| USD | 564 778.11 | CHF | 543 600.00 | 20.4.2020 | 2 473.66 | 0.01 |
| USD | 20 601.99 | EUR | 18 600.00 | 20.4.2020 | 180.94 | 0.00 |
| USD | 27 456.48 | EUR | 24 900.00 | 20.4.2020 | 118.63 | 0.00 |
| USD | 412 875.43 | JPY | 44 700 000.00 | 20.4.2020 | -1 498.11 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | -668 142.27 | -1.78 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 5 004 911.82** | 13.32 |
| Bank overdraft and other short-term liabilities | -880 557.94 | -2.34 |
| Other assets and liabilities | -835 537.42 | -2.22 |
| Total net assets | 37 561 054.27 | 100.00 |
| * Positive nominal: the subfund is “Receiver of protection”, negative nominal: the subfund is “Seller of protection”. ** As at 31 March 2020, cash amounts serve as collateral for the counterparty Barclays for an amount of EUR 170 000.00. |  |  |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Semi-Annual Report as of 31 March 2020

Translation (ENDE, 2020-03-31):
# UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 31.3.2020 | 30.9.2019 | 30.9.2018 |
| Nettovermögen in USD |  | 37 561 054.27 | 57 425 010.94 | 87 150 059.39 |
| Klasse F-acc 1 | LU0425150785 |  |  |  |
| Aktien im Umlauf |  | - | - | 20 800.0000 |
| Nettoinventarwert pro Aktie in USD |  | - | - | 100.46 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | - | - | 100.32 |
| Klasse I-A1-acc 3 | LU0425151833 |  |  |  |
| Aktien im Umlauf |  | - | 4 087.0000 | 4 562.0000 |
| Nettoinventarwert pro Aktie in USD |  | - | 94.52 | 93.07 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | - | 94.52 | 92.94 |
| Klasse (EUR hedged) I-A2-acc 4 | LU0920342325 |  |  |  |
| Aktien im Umlauf |  | - | 74 639.4450 | 74 639.4450 |
| Nettoinventarwert pro Aktie in EUR |  | - | 93.81 | 95.08 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | - | 93.81 | 94.95 |
| Klasse I-B-acc | LU0425154183 |  |  |  |
| Aktien im Umlauf |  | 108 810.4280 | 117 032.7840 | 121 689.6200 |
| Nettoinventarwert pro Aktie in USD |  | 120.03 | 128.74 | 125.39 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 120.58 | 128.74 | 125.21 |
| Klasse (EUR hedged) I-B-acc 5 | LU0945635695 |  |  |  |
| Aktien im Umlauf |  | - | - | 126 791.5270 |
| Nettoinventarwert pro Aktie in EUR |  | - | - | 104.87 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | - | - | 104.72 |
| Klasse I-X-acc | LU0425154852 |  |  |  |
| Aktien im Umlauf |  | 8 304.8650 | 11 013.3600 | 39 084.4970 |
| Nettoinventarwert pro Aktie in USD |  | 119.40 | 128.03 | 124.62 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 119.95 | 128.03 | 124.45 |
| Klasse (CHF hedged) I-X-acc | LU0943632256 |  |  |  |
| Aktien im Umlauf |  | 163 647.4010 | 183 781.4010 | 187 868.2040 |
| Nettoinventarwert pro Aktie in CHF |  | 93.65 | 101.89 | 102.60 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 2 |  | 94.08 | 101.89 | 102.46 |
| Klasse (EUR hedged) I-X-acc 6 | LU1191107694 |  |  |  |
| Aktien im Umlauf |  | - | 48 721.1760 | 48 721.1770 |
| Nettoinventarwert pro Aktie in EUR |  | - | 90.00 | 90.26 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | - | 90.00 | 90.13 |
| Klasse (EUR hedged) N-4%-mdist | LU1240811577 |  |  |  |
| Aktien im Umlauf |  | 2 997.4280 | 3 144.9090 | 2 786.8140 |
| Nettoinventarwert pro Aktie in EUR |  | 62.25 | 69.93 | 74.82 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 62.54 | 69.93 | 74.72 |
| Klasse (EUR hedged) N-acc | LU1089022138 |  |  |  |
| Aktien im Umlauf |  | 3 386.2660 | 4 799.4780 | 6 679.3020 |
| Nettoinventarwert pro Aktie in EUR |  | 75.98 | 83.69 | 86.11 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 76.33 | 83.69 | 85.99 |
| Klasse (EUR hedged) P-4%-mdist | LU1240811494 |  |  |  |
| Aktien im Umlauf |  | 6 256.8720 | 6 818.9950 | 5 870.4390 |
| Nettoinventarwert pro Aktie in EUR |  | 63.96 | 71.64 | 76.23 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 64.25 | 71.64 | 76.12 |
| Klasse P-acc | LU0218832805 |  |  |  |
| Aktien im Umlauf |  | 48 770.6950 | 52 426.4050 | 91 312.8740 |
| Nettoinventarwert pro Aktie in USD |  | 108.99 | 118.02 | 117.15 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 109.49 | 118.02 | 116.99 |
| Klasse (CHF hedged) P-acc | LU0849400626 |  |  |  |
| Aktien im Umlauf |  | 2 057.7150 | 2 140.0990 | 3 846.4610 |
| Nettoinventarwert pro Aktie in CHF |  | 83.10 | 91.34 | 93.81 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 2 |  | 83.48 | 91.34 | 93.68 |
| Klasse (EUR hedged) P-acc | LU0849401350 |  |  |  |
| Aktien im Umlauf |  | 10 325.4210 | 14 138.0130 | 28 167.4550 |
| Nettoinventarwert pro Aktie in EUR |  | 85.84 | 94.27 | 96.43 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 86.23 | 94.27 | 96.29 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Halbjahresbericht per 31. März 2020
|  | ISIN | 31.3.2020 | 30.9.2019 | 30.9.2018 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Klasse Q-acc 7 | LU1240792256 |  |  |  |
| Aktien im Umlauf |  | - | - | 181.8080 |
| Nettoinventarwert pro Aktie in USD |  | - | - | 98.71 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | - | - | 98.57 |
| Klasse (EUR hedged) Q-acc | LU1121267162 |  |  |  |
| Aktien im Umlauf | 3 157.5740 | 3 342.9160 | 2 965.6790 |
| Nettoinventarwert pro Aktie in EUR | 80.60 | 88.21 | 89.59 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 | 80.97 | 88.21 | 89.46 |
| 1  Die Aktienklasse F-acc war bis zum 1.10.2018 im Umlauf 2  Siehe Erläuterung 1 3  Die Aktienklasse I-A1-acc war bis zum 16.1.2020 im Umlauf 4  Die Aktienklasse (EUR hedged) I-A2-acc war bis zum 6.12.2019 im Umlauf 5  Die Aktienklasse (EUR hedged) I-B-acc war bis zum 8.4.2019 im Umlauf 6  Die Aktienklasse (EUR hedged) I-X-acc war bis zum 6.3.2020 im Umlauf 7  Die Aktienklasse Q-acc war bis zum 12.10.2018 im Umlauf |  |  |  |


## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
Vereinigte Staaten	64.79
Grossbritannien	7.46
Frankreich	4.25
Niederlande	3.68
Australien	2.09
Spanien	2.04
Mexiko	1.18
Kanada	1.05
Luxemburg	0.69
Deutschland	0.68
Belgien	0.58
Irland	0.57
Singapur	0.49
Japan	0.36
Tschechische Republik	0.30
Rumänien	0.30
Finnland	0.30
Polen	0.29
Portugal	0.29
Dänemark	0.29
Schweiz	0.29
Neuseeland	0.20
Cayman-Inseln	0.08
Jersey	0.07
Curaçao	0.05
Total	92.37
Wirtschaftliche Aufteilung in % des Nettovermögens	
Länder- & Zentralregierungen	42.53
Banken & Kreditinstitute	13.35
Finanz- & Beteiligungsgesellschaften	10.15
Energie- & Wasserversorgung	4.71
Versicherungen	3.31
Telekommunikation	2.78
Erdöl	2.70
Immobilien	1.77
Pharmazeutik, Kosmetik & medizinische Produkte	1.39
Tabak & alkoholische Getränke	0.96
Verkehr & Transport	0.93
Elektrische Geräte & Komponenten	0.85
Pfandbriefinstitute & Refinanzierungsgesellschaften	0.83
Detailhandel, Warenhäuser	0.79
Internet, Software & IT-Dienste	0.73
Grafisches Gewerbe, Verlage & Medien	0.65
Diverse Dienstleistungen	0.60
Chemie	0.56
Nahrungsmittel & Softdrinks	0.39
Anlagefonds	0.30
Computer & Netzwerkausrüster	0.27
Biotechnologie	0.27
Diverse Konsumgüter	0.26
Flugzeug- & Raumfahrtindustrie	0.25
Edelmetalle und -steine	0.16
Maschinen & Apparate	0.16
Gesundheits- & Sozialwesen	0.13
Bergbau, Kohle & Stahl	0.13
Fahrzeuge	0.12
Landwirtschaft & Fischerei	0.11
Diverse nicht klassierte Gesellschaften	0.08
Elektronik & Halbleiter	0.07
Diverse Handelsfirmen	0.04
Textilien, Kleidung & Lederwaren	0.03
Gastgewerbe & Freizeit	0.01
Total	92.37
UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD)
Halbjahresbericht per 31. März 2020

## Nettovermögensaufstellung
Aktiva	31.3.2020
USD
Wertpapierbestand, Einstandswert	35 340 396.68
Wertpapierbestand, nicht realisierte Werterhöhung (-minderung)	645 044.47
Total Wertpapierbestand (Erläuterung 1)	34 695 352.21
Bankguthaben, Sicht- und Fristgelder	3 389 322.69*
Andere liquide Mittel (Margins)	1 615 589.13
Forderungen aus Wertpapierverkäufen (Erläuterung 1)	61 727.89
Forderungen aus Zeichnungen	310.04
Zinsforderungen aus Wertpapieren	245 144.95
Zinsforderungen aus liquiden Mitteln	52.44
Sonstige Forderungen	16 492.22
Nicht realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten (Erläuterung 1)	305 645.94
Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1)	-668 142.27
Total Aktiva	39 600 877.17
Passiva
Nicht realisierter Kursgewinn (-verlust) aus Swaps (Erläuterung 1)	-60 618.07
Kontokorrentkredit	-880 557.94
Zinsverbindlichkeiten aus Kontokorrentkredit	-245.68
Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1)	-238 781.04
Verbindlichkeiten aus Rücknahmen	-904 098.09
Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2)	-6 773.16
Rückstellungen für Abonnementsabgabe (Erläuterung 3)	-1 706.06
Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2)		-7 660.93		 Total Rückstellungen für Aufwendungen			-16 140.15
Total Passiva	-2 039 822.90
Nettovermögen am Ende der Berichtsperiode	37 561 054.27

## Ertrags- und Aufwandsrechnung
Erträge	1.10.2019-31.3.2020
USD
Zinsertrag auf liquide Mittel	12 682.73
Zinsen auf Wertpapiere	423 627.99
Dividenden (Erläuterung 1)	71 048.14
Zinsertrag auf Swaps (Erläuterung 1)	106 669.71
Erträge aus Securities Lending (Erläuterung 12)	18 062.42
Total Erträge	668 836.54
Aufwendungen
Sonstige Erträge (Erläuterung 4)	36 745.55
Zinsaufwand auf Swaps (Erläuterung 1)	-44 045.37
Pauschale Verwaltungskommission (Erläuterung 2)	-108 784.61
Abonnementsabgabe (Erläuterung 3)	-3 919.55
Kosten aus Securities Lending (Erläuterung 12)	-7 224.97
Sonstige Kommissionen und Gebühren (Erläuterung 2)	-7 718.08
Nettoerträge (-verluste) aus Anlagen	491 779.89
Total Aufwendungen	-177 056.65
Zinsaufwand auf liquide Mittel und Kontokorrentkredit	-5 364.07
Realisierte Gewinne (Verluste) (Erläuterung 1)
Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen	215 954.79
Realisierter Kursgewinn (-verlust) aus Optionen	-22 754.46
Realisierter Kursgewinn (-verlust) aus renditebewerteten Wertpapieren und Geldmarktinstrumenten	257 361.17
Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten	-1 474 771.49
Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten	336 283.47
Realisierter Kursgewinn (-verlust) aus Swaps	-211 054.42
Total der realisierten Gewinne (Verluste)	-740 613.34
Realisierter Nettogewinn (-verlust) der Berichtsperiode	-248 833.45
Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1)
Realisierter Währungsgewinn (-verlust)	158 367.60
Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen	-1 440 679.37 Nicht realisierte Werterhöhung (-minderung) von Optionen		13 232.22
Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente	-39 968.32
Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten	26 153.10
Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten	-528 245.73
Total der Veränderungen der nicht realisierten Werterhöhung (-minderung)	-1 803 270.12
Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit	-2 052 103.57
Nicht realisierte Werterhöhung (-minderung) von Swaps	166 237.98
* Zum 31. März 2020 wurden gegenüber Barclays Bankguthaben in Höhe von EUR 170 000.00 als Sicherheit eingesetzt.
UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Halbjahresbericht per 31. März 2020
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.10.2019-31.3.2020 |
| Nettovermögen zu Beginn der Berichtsperiode | 57 425 010.94 |
| Zeichnungen | 2 932 414.42 |
| Rücknahmen | 	-20 729 199.13	 |
| Total Mittelzufluss (-abfluss) | -17 796 784.71 |
| Ausbezahlte Dividende | -15 068.39 |
| Nettoerträge (-verluste) aus Anlagen | 491 779.89 |
| Total der realisierten Gewinne (Verluste) | -740 613.34 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	-1 803 270.12	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | -2 052 103.57 |
| Nettovermögen am Ende der Berichtsperiode | 37 561 054.27 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.10.2019-31.3.2020 |
| Klasse | I-A1-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 4 087.0000 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -4 087.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 0.0000 |
| Klasse | (EUR hedged) I-A2-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 74 639.4450 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -74 639.4450 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 0.0000 |
| Klasse | I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 117 032.7840 |
| Anzahl der ausgegebenen Aktien | 10 568.8790 |
| Anzahl der zurückgegebenen Aktien | -18 791.2350 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 108 810.4280 |
| Klasse | I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 11 013.3600 |
| Anzahl der ausgegebenen Aktien | 152.4560 |
| Anzahl der zurückgegebenen Aktien | -2 860.9510 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 8 304.8650 |
| Klasse | (CHF hedged) I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 183 781.4010 |
| Anzahl der ausgegebenen Aktien | 11 250.0000 |
| Anzahl der zurückgegebenen Aktien | -31 384.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 163 647.4010 |
| Klasse | (EUR hedged) I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 48 721.1760 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -48 721.1760 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 0.0000 |
| Klasse | (EUR hedged) N-4%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 3 144.9090 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -147.4810 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 2 997.4280 |
| Klasse | (EUR hedged) N-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 4 799.4780 |
| Anzahl der ausgegebenen Aktien | 413.7010 |
| Anzahl der zurückgegebenen Aktien | -1 826.9130 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 3 386.2660 |
| Klasse | (EUR hedged) P-4%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 6 818.9950 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -562.1230 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 6 256.8720 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 52 426.4050 |
| Anzahl der ausgegebenen Aktien | 2 020.0980 |
| Anzahl der zurückgegebenen Aktien | -5 675.8080 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 48 770.6950 |
| Klasse | (CHF hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 2 140.0990 |
| Anzahl der ausgegebenen Aktien | 396.1040 |
| Anzahl der zurückgegebenen Aktien | -478.4880 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 2 057.7150 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD)
Halbjahresbericht per 31. März 2020
| Klasse | (EUR hedged) P-acc |
| --- | --- |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 14 138.0130 |
| Anzahl der ausgegebenen Aktien | 171.6680 |
| Anzahl der zurückgegebenen Aktien | -3 984.2600 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 10 325.4210 |
| Klasse | (EUR hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 3 342.9160 |
| Anzahl der ausgegebenen Aktien | 335.6650 |
| Anzahl der zurückgegebenen Aktien | -521.0070 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 3 157.5740 |

| Monatliche Ausschüttung 1 |  |
| --- | --- |
| UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) | Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| (EUR hedged) N-4%-mdist | 10.10.2019 | 15.10.2019 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 11.11.2019 | 14.11.2019 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 10.12.2019 | 13.12.2019 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 10.1.2020 | 15.1.2020 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 10.2.2020 | 13.2.2020 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 10.3.2020 | 13.3.2020 | EUR | 0.22 |
| (EUR hedged) P-4%-mdist | 10.10.2019 | 15.10.2019 | EUR | 0.23 |
| (EUR hedged) P-4%-mdist | 11.11.2019 | 14.11.2019 | EUR | 0.24 |
| (EUR hedged) P-4%-mdist | 10.12.2019 | 13.12.2019 | EUR | 0.23 |
| (EUR hedged) P-4%-mdist | 10.1.2020 | 15.1.2020 | EUR | 0.24 |
| (EUR hedged) P-4%-mdist | 10.2.2020 | 13.2.2020 | EUR | 0.23 |
| (EUR hedged) P-4%-mdist | 10.3.2020 | 13.3.2020 | EUR | 0.23 |
| 1  Siehe Erläuterung 5 |  |  |  |  |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Halbjahresbericht per 31. März 2020

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 31. März 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 Notes, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 3.37500% 20-27.03.25 | 45 000.00 | 51 984.99 | 0.14 |
| Total EUR |  | 51 984.99 | 0.14 |
| USD |  |  |  |
| USD	3M CO 2.65000% 20-15.04.25 | 20 000.00 | 20 605.49 | 0.06 |
| USD	ABBOTT LABORATORIES 4.90000% 16-30.11.46 | 50 000.00 | 68 235.08 | 0.18 |
| USD	ABBVIE INC 4.25000% 18-14.11.28 | 50 000.00 | 53 118.10 | 0.14 |
| USD	ABBVIE INC 4.87500% 18-14.11.48 | 35 000.00 | 40 604.39 | 0.11 |
| USD	ADOBE INC 2.15000% 20-01.02.27 | 50 000.00 | 50 626.94 | 0.13 |
| USD	ALBEMARLE CORPORATION 5.45000% 14-01.12.44 | 50 000.00 | 58 061.06 | 0.15 |
| USD	ALLERGAN FUNDING SCS 3.45000% 15-15.03.22 | 40 000.00 | 41 533.53 | 0.11 |
| USD	ALLERGAN FUNDING SCS 4.75000% 15-15.03.45 | 12 000.00 | 12 933.97 | 0.03 |
| USD	ALPHABET INC 1.99800% 16-15.08.26 | 75 000.00 | 79 182.54 | 0.21 |
| USD	ALTRIA GROUP INC 4.40000% 19-14.02.26 | 35 000.00 | 36 831.58 | 0.10 |
| USD	ALTRIA GROUP INC 5.95000% 19-14.02.49 | 30 000.00 | 34 690.20 | 0.09 |
| USD	AMAZON.COM INC 2.80000% 18-22.08.24 | 90 000.00 | 95 613.17 | 0.25 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 135 000.00 | 138 309.44 | 0.37 |
| USD	AMGEN INC 4.40000% 15-01.05.45 | 25 000.00 | 29 346.70 | 0.08 |
| USD	ANHEUSER-BUSCH COS 3.65000% 19-01.02.26 | 45 000.00 | 47 181.69 | 0.13 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.15000% 19-23.01.25 | 25 000.00 | 26 837.73 | 0.07 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.75000% 19-23.01.29 | 30 000.00 | 33 115.49 | 0.09 |
| USD	ANTHEM INC 3.65000% 17-01.12.27 | 25 000.00 | 25 793.69 | 0.07 |
| USD	APPLE INC 1.80000% 19-11.09.24 | 30 000.00 | 30 542.63 | 0.08 |
| USD	APPLE INC 3.85000% 16-04.08.46 | 60 000.00 | 72 278.57 | 0.19 |
| USD	APT PIPELINES LTD-REG-S 4.20000% 15-23.03.25 | 20 000.00 | 20 673.60 | 0.06 |
| USD	APT PIPELINES LTD-REG-S 4.25000% 17-15.07.27 | 25 000.00 | 28 423.00 | 0.08 |
| USD	ARCHER-DANIELS MIDLAND CO 2.75000% 20-27.03.25 | 15 000.00 | 15 308.75 | 0.04 |
| USD	AT&T INC 4.35000% 19-01.03.29 | 80 000.00 | 86 311.60 | 0.23 |
| USD	AT&T INC 4.75000% 15-15.05.46 | 65 000.00 | 71 884.82 | 0.19 |
| USD	AT&T INC 5.55000% 11-15.08.41 | 40 000.00 | 45 497.18 | 0.12 |
| USD	BAT CAPITAL CORP 3.55700% 18-15.08.27 | 40 000.00 | 37 673.36 | 0.10 |
| USD	CANADIAN NATURAL RESOURCES LTD 2.95000% 17-15.01.23 | 35 000.00 | 30 356.88 | 0.08 |
| USD	CANADIAN NATURAL RESOURCES LTD 3.85000% 17-01.06.27 | 50 000.00 | 39 540.08 | 0.11 |
| USD	CCO LLC/CAPITAL 4.50000% 18-01.02.24 | 60 000.00 | 61 821.95 | 0.16 |
| USD	CENOVUS ENERGY INC 4.25000% 17-15.04.27 | 40 000.00 | 19 587.50 | 0.05 |
| USD	CF INDUSTRIES INC 5.15000% 14-15.03.34 | 40 000.00 | 40 610.00 | 0.11 |
| USD	CIGNA CORP 3.40000% 19-17.09.21 | 45 000.00 | 45 844.76 | 0.12 |
| USD	CIGNA CORP 4.37500% 19-15.10.28 | 40 000.00 | 42 927.79 | 0.11 |
| USD	CIGNA CORP 4.90000% 19-15.12.48 | 20 000.00 | 23 995.78 | 0.06 |
| USD	CITIGROUP INC 4.65000% 18-23.07.48 | 75 000.00 | 90 160.94 | 0.24 |
| USD	COMCAST CORP 3.95000% 18-15.10.25 | 50 000.00 | 54 366.97 | 0.14 |
| USD	COMCAST CORP 4.15000% 18-15.10.28 | 30 000.00 | 33 684.40 | 0.09 |
| USD	COMCAST CORP 4.70000% 18-15.10.48 | 25 000.00 | 32 387.50 | 0.09 |
| USD	COMCAST CORP 4.95000% 18-15.10.58 | 25 000.00 | 33 836.69 | 0.09 |
| USD	CONAGRA BRANDS INC 3.80000% 18-22.10.21 | 20 000.00 | 20 128.03 | 0.05 |
| USD	CONAGRA BRANDS INC 5.40000% 18-01.11.48 | 30 000.00 | 33 751.40 | 0.09 |
| USD	CVS HEALTH CORP 2.62500% 19-15.08.24 | 45 000.00 | 45 637.66 | 0.12 |
| USD	CVS HEALTH CORP 3.35000% 18-09.03.21 | 16 000.00 | 16 087.40 | 0.04 |
| USD	CVS HEALTH CORP 4.30000% 18-25.03.28 | 50 000.00 | 53 482.18 | 0.14 |
| USD	CVS HEALTH CORP 5.05000% 18-25.03.48 | 25 000.00 | 28 563.20 | 0.08 |
| USD	CVS HEALTH CORP 5.12500% 15-20.07.45 | 40 000.00 | 46 024.44 | 0.12 |
| USD	DIAMONDBACK ENERGY INC 3.25000% 19-01.12.26 | 50 000.00 | 35 278.10 | 0.09 |
| USD	DISCOVERY COMMUNICATIONS LLC 5.30000% 19-15.05.49 | 55 000.00 | 55 644.98 | 0.15 |
| USD	ENABLE MIDSTREAM PARTNERS LP 3.90000% 15-15.05.24 | 35 000.00 | 19 420.14 | 0.05 |
| USD	ENERGY TRANSFER OPERATING LP 4.50000% 19-15.04.24 | 35 000.00 | 31 216.69 | 0.08 |
| USD	ENERGY TRANSFER PARTNERS LP 6.05000% 11-01.06.41 | 50 000.00 | 43 536.18 | 0.12 |
| USD	ENERGY TRANSFER PARTNERS LP 6.00000% 18-15.06.48 | 45 000.00 | 37 746.43 | 0.10 |
| USD	EXELON CORP 3.40000% 16-15.04.26 | 25 000.00 | 24 233.67 | 0.06 |
| USD	FEDEX CORP 4.55000% 16-01.04.46 | 10 000.00 | 9 507.17 | 0.03 |
| USD	GE CAPITAL INTL FUNDING CO 4.41800% 16-15.11.35 | 200 000.00 | 213 416.12 | 0.57 |
| USD	GENERAL ELECTRIC CO 3.15000% 12-07.09.22 | 30 000.00 | 30 336.77 | 0.08 |
| USD	GENERAL MOTORS FINANCIAL CO 4.35000% 18-09.04.25 | 105 000.00 | 91 098.72 | 0.24 |
| USD	GEORGIA POWER CO 2.10000% 20-30.07.23 | 35 000.00 | 34 135.90 | 0.09 |
| USD	GILEAD SCIENCES INC 4.80000% 14-01.04.44 | 30 000.00 | 38 485.41 | 0.10 |
| USD	GILEAD SCIENCES INC 4.75000% 15-01.03.46 | 25 000.00 | 31 925.50 | 0.09 |
| USD	HARTFORD FINANCIAL SERVICES GROUP INC 4.40000% 18-15.03.48 | 55 000.00 | 58 367.01 | 0.16 |
| USD	HCP INC 3.87500% 14-15.08.24 | 45 000.00 | 45 859.51 | 0.12 |
| USD	HSBC HOLDINGS PLC 5.10000% 11-05.04.21 | 95 000.00 | 97 129.39 | 0.26 |
| USD	ILLINOIS TOOL WORKS INC 2.65000% 16-15.11.26 | 60 000.00 | 59 322.72 | 0.16 |
| USD	JPMORGAN CHASE & CO 3.20000% 13-25.01.23 | 270 000.00 | 277 767.23 | 0.74 |
| USD	KINDER MORGAN INC 3.15000% 17-15.01.23 | 45 000.00 | 43 898.84 | 0.12 |
| USD	KRAFT HEINZ FOODS CO 5.00000% 13-04.06.42 | 50 000.00 | 47 339.30 | 0.13 |
| USD	KROGER CO 3.87500% 16-15.10.46 | 10 000.00 | 9 790.90 | 0.03 |
| USD	KROGER CO 4.65000% 17-15.01.48 | 10 000.00 | 11 309.66 | 0.03 |
| USD	LINCOLN NATIONAL CORP 3.80000% 18-01.03.28 | 80 000.00 | 79 581.43 | 0.21 |
| USD	LOWE’S COS INC 4.25000% 14-15.09.44 | 45 000.00 | 43 104.51 | 0.11 |
| USD	MARATHON OIL CORP 3.85000% 15-01.06.25 | 40 000.00 | 28 819.50 | 0.08 |
| USD	MEXICHEM SAB DE CV-REG-S 5.50000% 17-15.01.48 | 200 000.00 | 172 500.00 | 0.46 |
| USD	MICROSOFT CORP 3.70000% 16-08.08.46 | 40 000.00 | 48 017.53 | 0.13 |
| USD	MORGAN STANLEY 2.50000% 16-21.04.21 | 140 000.00 | 140 401.00 | 0.37 |
| USD	MPLX LP 5.20000% 17-01.03.47 | 40 000.00 | 33 000.65 | 0.09 |
| USD	NEXEN INC 6.40000% 07-15.05.37 | 45 000.00 | 62 732.81 | 0.17 |
| USD	NIKE INC 2.40000% 20-27.03.25 | 10 000.00 | 10 391.36 | 0.03 |
| USD	NOBLE ENERGY INC 3.85000% 17-15.01.28 | 30 000.00 | 21 219.86 | 0.06 |
| USD	PHILIP MORRIS INTERNATIONAL INC 4.25000% 14-10.11.44 | 25 000.00 | 27 648.32 | 0.07 |
| USD	PHILLIPS 66 PARTNERS LP 4.68000% 15-15.02.45 | 25 000.00 | 20 447.89 | 0.05 |
| USD	QUALCOMM INC 4.30000% 17-20.05.47 | 30 000.00 | 35 999.07 | 0.10 |
| USD	REYNOLDS AMERICAN INC 5.70000% 15-15.08.35 | 15 000.00 | 16 082.30 | 0.04 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD)
Halbjahresbericht per 31. März 2020
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| USD | ROYAL BANK OF SCOTLAND GROUP PLC-SUB 6.10000% 13-10.06.23 | 65 000.00 | 67 261.51 | 0.18 |
| USD | SCENTRE GROUP TRUST 1 /2-REG-S 2.37500% 15-28.04.21 | 55 000.00 | 53 645.35 | 0.14 |
| USD | SEMPRA ENERGY 6.00000% 09-15.10.39 | 40 000.00 | 43 974.85 | 0.12 |
| USD | SGSP AUSTRALIA ASSETS PTY LTD-REG-S 3.25000% 16-29.07.26 | 200 000.00 | 217 112.56 | 0.58 |
| USD | SOUTHERN CO 3.25000% 16-01.07.26 | 50 000.00 | 49 780.58 | 0.13 |
| USD | SOUTHERN CO 4.40000% 16-01.07.46 | 15 000.00 | 15 599.15 | 0.04 |
| USD | SUMITOMO MITSUI FIN GP INC 2.93400% 16-09.03.21 | 30 000.00 | 29 995.20 | 0.08 |
| USD | SUMITOMO MITSUI FIN GP INC-SUB 3.20200% 19-17.09.29 | 70 000.00 | 65 699.20 | 0.18 |
| USD | TELEFONICA EMISIONES SA 5.52000% 19-01.03.49 | 260 000.00 | 304 715.32 | 0.81 |
| USD | TEVA PHARMACEUTICAL FINANCE NL III BV 2.80000% 16-21.07.23 | 35 000.00 | 31 675.00 | 0.08 |
| USD | THERMO FISHER SCIENTIFIC INC 4.13300% 20-25.03.25 | 25 000.00 | 26 756.34 | 0.07 |
| USD | TRUIST FINANCIAL CORP 2.70000% 16-27.01.22 | 70 000.00 | 70 377.00 | 0.19 |
| USD | UNION PACIFIC CORP 4.05000% 15-15.11.45 | 20 000.00 | 21 199.81 | 0.06 |
| USD | UNITED TECHNOLOGIES CORP 3.95000% 18-16.08.25 | 40 000.00 | 43 663.68 | 0.12 |
| USD | VALERO ENERGY CORP 4.90000% 15-15.03.45 | 50 000.00 | 51 733.17 | 0.14 |
| USD | VERIZON COMMUNICATIONS INC 3.37600% 18-15.02.25 | 26 000.00 | 27 773.25 | 0.07 |
| USD | VIRGINIA ELECTRIC & POWER CO 3.80000% 18-01.04.28 | 20 000.00 | 21 177.27 | 0.06 |
| USD | VODAFONE GROUP PLC 4.37500% 13-19.02.43 | 15 000.00 | 15 470.66 | 0.04 |
| USD | WALT DISNEY CO 6.20000% 19-15.12.34 | 85 000.00 | 117 941.42 | 0.31 |
| USD | WELLS FARGO & CO 2.10000% 16-26.07.21 | 65 000.00 | 64 783.23 | 0.17 |
| USD | WELLS FARGO & CO 3.06900% 17-24.01.23 | 80 000.00 | 80 846.38 | 0.22 |
| USD | WESTPAC BANKING CORP 2.80000% 17-11.01.22 | 25 000.00 | 25 056.25 | 0.07 |
| USD | WESTPAC BANKING CORP 2.00000% 20-13.01.23 | 35 000.00 | 34 600.82 | 0.09 |
| USD | WILLIAMS COS INC/THE 4.30000% 14-04.03.24 | 35 000.00 | 32 750.41 | 0.09 |
| USD | WILLIAMS COS INC/THE 4.90000% 14-15.01.45 | 20 000.00 | 17 496.82 | 0.05 |
| USD | WPP FINANCE 2010 3.75000% 14-19.09.24 | 30 000.00 | 30 261.83 | 0.08 |
| USD | XLIT LTD 5.25000% 13-15.12.43 | 25 000.00 | 29 351.27 | 0.08 |
| Total USD |  |  | 5 771 420.75 | 15.37 |
| Total Notes, fester Zins |  | 5 823 405.74 | 15.51 |
| Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	BK OF AMERICA CORP 3.004%/VAR 18-20.12.23 | 120 000.00 | 122 423.53 | 0.33 |
| USD	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.625%/VAR 14-PRP | 185 000.00 | 178 062.50 | 0.47 |
| USD	JPMORGAN CHASE & CO 2.739%/VAR 19-15.10.30 | 110 000.00 | 111 445.05 | 0.30 |
| USD	ROYAL BK OF SCOTLAND GP PLC 4.519%/VAR 18-25.06.24 | 200 000.00 | 201 388.12 | 0.54 |
| Total USD |  | 613 319.20 | 1.64 |
| Total Notes, variabler Zins |  | 613 319.20 | 1.64 |
| Medium-Term Notes, fester Zins |  |  |  |
| AUD |  |  |  |
| AUD	AURIZON NETWORK PTY LTD-REG-S 4.00000% 17-21.06.24 | 30 000.00 | 19 357.06 | 0.05 |
| AUD	BANCO SANTANDER SA 4.00000% 17-19.01.23 | 200 000.00 | 128 213.46 | 0.34 |
| Total AUD |  | 147 570.52 | 0.39 |
| EUR |  |  |  |
| EUR	BANCO SANTANDER SA-REG-S-SUB 3.25000% 16-04.04.26 | 100 000.00 | 108 983.37 | 0.29 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S-SUB 3.00000% 15-11.09.25 | 100 000.00 | 110 343.40 | 0.29 |
| EUR	BAT INTERNATIONAL FINANCE PLC-REG-S 0.87500% 15-13.10.23 | 100 000.00 | 107 213.62 | 0.29 |
| EUR	BNP PARIBAS-REG-S 1.25000% 18-19.03.25 | 100 000.00 | 106 238.16 | 0.28 |
| EUR	BNP PARIBAS-REG-S 1.00000% 18-17.04.24 | 100 000.00 | 106 180.67 | 0.28 |
| EUR	BPCE SA-REG-S 1.37500% 18-23.03.26 | 100 000.00 | 105 151.22 | 0.28 |
| EUR	CANAL DE ISABEL II GESTION SA-REG-S 1.68000% 15-26.02.25 | 100 000.00 | 111 797.74 | 0.30 |
| EUR	CREDIT AGRICOLE SA LONDON-REG-S 1.37500% 18-13.03.25 | 100 000.00 | 106 568.87 | 0.28 |
| EUR	DANSKE BANK AS-REG-S 1.37500% 19-24.05.22 | 100 000.00 | 107 652.73 | 0.29 |
| EUR	DEUTSCHE BANK AG-REG-S 1.12500% 18-30.08.23 | 40 000.00 | 43 287.18 | 0.12 |
| EUR	DEUTSCHE BANK AG-REG-S 1.62500% 19-12.02.21 | 100 000.00 | 107 606.87 | 0.29 |
| EUR	FORD MOTOR CREDIT CO LLC 3.02100% 19-06.03.24 | 100 000.00 | 88 996.19 | 0.24 |
| EUR	GALP GAS NATURAL DISTRIBUICAO SA-REG-S 1.37500% 16-19.09.23 | 100 000.00 | 108 673.83 | 0.29 |
| EUR	GLOBALWORTH REAL ESTATE INVEST-REG-S 3.00000% 18-29.03.25 | 100 000.00 | 111 302.30 | 0.30 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 2.00000% 15-27.07.23 | 130 000.00 | 142 650.20 | 0.38 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 1.62500% 16-27.07.26 | 50 000.00 | 53 159.57 | 0.14 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 2.00000% 18-01.11.28 | 40 000.00 | 42 766.40 | 0.11 |
| EUR	ING GROEP NV-REG-S 1.12500% 18-14.02.25 | 100 000.00 | 105 073.76 | 0.28 |
| EUR	NET4GAS SRO-REG-S 2.50000% 14-28.07.21 | 100 000.00 | 112 204.78 | 0.30 |
| EUR	PETROLEOS MEXICANOS-REG-S 3.75000% 17-21.02.24 | 100 000.00 | 87 711.42 | 0.23 |
| EUR	REDEXIS GAS FINANCE BV-REG-S 1.87500% 15-27.04.27 | 100 000.00 | 107 303.15 | 0.29 |
| EUR	VOLKSWAGEN LEASING GMBH-REG-S 1.62500% 18-15.08.25 | 45 000.00 | 46 583.24 | 0.12 |
| Total EUR |  | 2 127 448.67 | 5.67 |
| GBP |  |  |  |
| GBP	ANGLIAN WATER SERVICES FINANCING-REG-S 4.50000% 13-22.02.26 | 100 000.00 | 133 644.96 | 0.36 |
| GBP	LLOYDS BANKING GROUP PLC 2.25000% 17-16.10.24 | 100 000.00 | 119 641.13 | 0.32 |
| GBP	PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 4.12500% 17-20.07.22 | 100 000.00 | 124 859.49 | 0.33 |
| GBP	THAMES WATER UTILITIES FINANCE PLC 5.12500% 06-28.09.37 | 65 000.00 | 103 560.27 | 0.27 |
| Total GBP |  | 481 705.85 | 1.28 |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 3.87500% 15-01.08.25 | 230 000.00 | 244 433.72 | 0.65 |
| USD	GENERAL ELECTRIC CO 4.37500% 10-16.09.20 | 30 000.00 | 30 017.33 | 0.08 |
| USD	HENKEL AG & CO KGAA-REG-S 2.00000% 17-12.06.20 | 60 000.00 | 59 928.00 | 0.16 |
| USD	MCDONALD’S CORP 3.30000% 20-01.07.25 | 5 000.00 | 5 198.70 | 0.01 |
| USD	MIRVAC GROUP FINANCE LTD-REG-S 3.62500% 17-18.03.27 | 200 000.00 | 211 271.84 | 0.56 |
| USD	MORGAN STANLEY 4.00000% 15-23.07.25 | 110 000.00 | 115 946.25 | 0.31 |
| USD	MORGAN STANLEY-SUB 4.35000% 14-08.09.26 | 30 000.00 | 31 778.12 | 0.08 |
| USD	PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 5.37500% 17-06.07.27 | 200 000.00 | 188 000.00 | 0.50 |
| USD	WALT DISNEY CO/THE 1.85000% 16-30.07.26 | 10 000.00 | 9 895.87 | 0.03 |
| USD	WELLS FARGO & CO 2.62500% 17-22.07.22 | 70 000.00 | 70 226.99 | 0.19 |
| Total USD |  | 966 696.82 | 2.57 |
| Total Medium-Term Notes, fester Zins |  | 3 723 421.86 | 9.91 |
| UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Halbjahresbericht per 31. März 2020 |  |  |  |

| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Medium-Term Notes, variabler Zins |  |  |  |
| EUR |  |  |  |
| EUR	AXA SA-REG-S-SUB 3.250%/VAR 18-28.05.49 | 100 000.00 | 108 239.32 | 0.29 |
| EUR	BARCLAYS PLC-REG-S-SUB 2.625%/VAR 15-11.11.25 | 140 000.00 | 149 015.77 | 0.40 |
| EUR	COMMONWEALTH BK OF AUSTRLIA-REG-S-SUB 1.936%/VAR 17-03.10.29 | 100 000.00 | 101 226.80 | 0.27 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 100 000.00 | 108 191.06 | 0.29 |
| EUR	NATIONWIDE BUILDING SOCIETY-REG-S-SUB 2.000%/VAR 17-25.07.29 | 100 000.00 | 99 911.19 | 0.26 |
| EUR	UBS AG-REG-S-SUB 4.750%/VAR 14-12.02.26 | 100 000.00 | 107 530.50 | 0.28 |
| Total EUR |  | 674 114.64 | 1.79 |
| GBP |  |  |  |
| GBP	AVIVA PLC-REG-S-SUB 5.125%VAR 15-04.06.50 | 100 000.00 | 119 956.48 | 0.32 |
| GBP	BARCLAYS PLC-REG-S 2.375%/VAR 17-06.10.23 | 100 000.00 | 120 206.95 | 0.32 |
| GBP	CYBG PLC-REG-S 3.375%/VAR 18-24.04.26 | 100 000.00 | 113 690.95 | 0.30 |
| GBP	M&G PLC-REG-S-SUB 5.000%/VAR 15-20.07.55 | 100 000.00 | 114 914.27 | 0.31 |
| GBP	YORKSHIRE WATER SERVICES FIN-REG-S 3.750%/VAR 10-22.03.46 | 110 000.00 | 139 764.34 | 0.37 |
| Total GBP |  | 608 532.99 | 1.62 |
| USD |  |  |  |
| USD	DBS GROUP HOLDINGS LTD-REG-S-SUB 3.600%/VAR 16-PRP | 200 000.00 | 183 450.00 | 0.49 |
| Total USD |  | 183 450.00 | 0.49 |
| Total Medium-Term Notes, variabler Zins |  | 1 466 097.63 | 3.90 |
| Anleihen, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	ADO PROPERTIES SA-REG-S 1.50000% 17-26.07.24 | 100 000.00 | 97 690.36 | 0.26 |
| EUR	ALLERGAN FUNDING SCS 2.12500% 17-01.06.29 | 100 000.00 | 106 798.63 | 0.28 |
| EUR	BPCE SA-REG-S 0.25000% 20-15.01.26 | 100 000.00 | 103 049.55 | 0.28 |
| EUR	FCC AQUALIA SA-REG-S 2.62900% 17-08.06.27 | 100 000.00 | 111 383.38 | 0.30 |
| EUR	MYLAN NV-REG-S 3.12500% 16-22.11.28 | 100 000.00 | 110 548.96 | 0.29 |
| EUR	PETROLEOS MEXICANOS-REG-S 5.50000% 05-24.02.25 | 20 000.00 | 18 735.55 | 0.05 |
| EUR	RESA SA/BELGIUM-REG-S 1.00000% 16-22.07.26 | 100 000.00 | 109 719.23 | 0.29 |
| EUR	TAURON POLSKA ENERGIA SA-REG-S 2.37500% 17-05.07.27 | 100 000.00 | 110 866.14 | 0.30 |
| EUR	TDF INFRASTRUCTURE SAS 2.87500% 15-19.10.22 | 100 000.00 | 112 197.11 | 0.30 |
| EUR	TEVA PHARMACEUTICAL FINANCE II BV-REG-S 1.12500% 16-15.10.24 | 140 000.00 | 127 260.42 | 0.34 |
| EUR	TRANSPORT ET INFRASTRUCTURES GAZ-REG-S 2.20000% 15-05.08.25 | 100 000.00 | 113 678.61 | 0.30 |
| EUR	VERIZON COMMUNICATIONS INC 2.87500% 17-15.01.38 | 105 000.00 | 117 023.52 | 0.31 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 1.12500% 17-02.10.23 | 100 000.00 | 105 862.68 | 0.28 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 4.12500% 18-16.11.38 | 100 000.00 | 114 244.14 | 0.30 |
| EUR	VVO-YHTYMA OYJ-REG-S 1.62500% 16-17.10.23 | 100 000.00 | 111 199.68 | 0.30 |
| Total EUR |  | 1 570 257.96 | 4.18 |
| GBP |  |  |  |
| GBP	BARCLAYS BANK PLC-SUB 9.50000% 96-07.08.21 | 55 000.00 | 72 728.10 | 0.19 |
| GBP	TESCO PROPERTY FINANCE 4 PLC 5.80060% 11-13.10.40 | 180 000.00 | 271 206.81 | 0.72 |
| Total GBP |  | 343 934.91 | 0.91 |
| USD |  |  |  |
| USD	AMERICAN AIRLINES PASS THROUGH TRUST 4.37500% 14-01.10.22 | 50 000.00 | 26 104.56 | 0.07 |
| USD	BALTIMORE GAS & ELECTRIC CO 3.50000% 16-15.08.46 | 35 000.00 | 34 936.87 | 0.09 |
| USD	CITIGROUP INC 3.87500% 13-25.10.23 | 160 000.00 | 164 507.04 | 0.44 |
| USD	CONSUMERS ENERGY COMPANY 3.25000% 16-15.08.46 | 20 000.00 | 20 022.76 | 0.05 |
| USD	GOLDMAN SACHS GROUP INC-SUB 5.15000% 15-22.05.45 | 45 000.00 | 51 961.82 | 0.14 |
| USD	KROGER CO 3.70000% 17-01.08.27 | 60 000.00 | 64 026.55 | 0.17 |
| USD	MEXICO CITY AIRPORT TRUST-REG-S 5.50000% 17-31.07.47 | 200 000.00 | 165 100.00 | 0.44 |
| USD	MICROSOFT CORP 2.40000% 16-08.08.26 | 30 000.00 | 31 847.61 | 0.08 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 2.66500% 17-25.07.22 | 40 000.00 | 39 870.40 | 0.11 |
| USD	NATL RURAL UTIL COOPERATIVE FIN CORP 3.70000% 19-15.03.29 | 25 000.00 | 25 715.25 | 0.07 |
| USD	PACIFICORP 6.00000% 09-15.01.39 | 60 000.00 | 81 433.18 | 0.22 |
| USD	REYNOLDS AMERICAN INC 4.45000% 15-12.06.25 | 40 000.00 | 40 238.89 | 0.11 |
| USD	SHELL INTERNATIONAL FINANCE BV 4.37500% 15-11.05.45 | 40 000.00 | 46 204.94 | 0.12 |
| USD	SOUTHERN CALIFORNIA EDISON CO 4.00000% 17-01.04.47 | 45 000.00 | 46 870.17 | 0.12 |
| USD	SOUTHERN CALIFORNIA EDISON CO 3.70000% 18-01.08.25 | 25 000.00 | 25 726.58 | 0.07 |
| USD	SOUTHERN CALIFORNIA EDISON CO 2.85000% 19-01.08.29 | 45 000.00 | 43 363.22 | 0.12 |
| USD	SUNCOR ENERGY INC 6.50000% 07-15.06.38 | 55 000.00 | 56 395.34 | 0.15 |
| USD	VERIZON COMMUNICATIONS INC 5.25000% 17-16.03.37 | 20 000.00 | 25 402.41 | 0.07 |
| Total USD |  | 989 727.59 | 2.64 |
| Total Anleihen, fester Zins |  | 2 903 920.46 | 7.73 |
| Anleihen, variabler Zins |  |  |  |
| EUR |  |  |  |
| EUR	AG INSURANCE SA/NV-REG-S-SUB 3.500%/VAR 15-30.06.47 | 100 000.00 | 109 692.08 | 0.29 |
| EUR	CREDIT LOGEMENT SA-SUB 4.60400%/3M EURIBOR+115BP 06-PRP | 100 000.00 | 87 965.21 | 0.24 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 4.000%/VAR 18-PRP | 100 000.00 | 106 594.54 | 0.28 |
| EUR	RABOBANK NEDERLAND NV REG-S 5.500%/VAR 15-PRP | 200 000.00 | 209 574.75 | 0.56 |
| EUR	SWISS LIFE AG VIA DEMETER INV BV-SUB 4.375%/VAR 15-PRP | 100 000.00 | 108 490.59 | 0.29 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.875%/VAR 18-PRP | 100 000.00 | 91 472.10 | 0.24 |
| EUR	VOLKSWAGEN INTL FINANCE NV-REG-S-SUB 3.375%/VAR 18-PRP | 100 000.00 | 100 010.61 | 0.27 |
| EUR	VONOVIA FINANCE BV-REG-S-SUB 4.000%/VAR 14-PRP | 100 000.00 | 108 627.75 | 0.29 |
| Total EUR |  | 922 427.63 | 2.46 |
| GBP |  |  |  |
| GBP	BUPA FINANCE PLC 6.125%/VAR 04-PRP | 20 000.00 | 24 024.03 | 0.06 |
| GBP	HSBC BANK CAPITAL FUNDING STERLING-SUB 5.86200%/VAR 04-PRP | 20 000.00 | 24 795.72 | 0.07 |
| GBP	M&G PLC-REG-S-SUB 5.625%/VAR 18-20.10.51 | 175 000.00 | 211 648.50 | 0.56 |
| GBP	SSE PLC-REG-S-SUB 3.875%/VAR 15-PRP | 120 000.00 | 146 144.27 | 0.39 |
| Total GBP |  | 406 612.52 | 1.08 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD)
Halbjahresbericht per 31. März 2020
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| USD |  |  |  |  |
| USD | SCOR SE-REG-S-SUB 5.250%/VAR 18-PRP | 200 000.00 | 162 729.60 | 0.43 |
| USD | WESTPAC BANKING CORP-SUB 5.000%/VAR 17-PRP | 90 000.00 | 75 850.20 | 0.20 |
| Total USD |  |  | 238 579.80 | 0.63 |
| Total Anleihen, variabler Zins |  | 1 567 619.95 | 4.17 |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 2.75000% 18-30.11.20 | 4 600 000.00 | 4 680 679.40 | 12.46 |
| Total USD |  | 4 680 679.40 | 12.46 |
| Total Treasury-Notes, fester Zins | 4 680 679.40 | 12.46 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 20 778 464.24 | 55.32 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Treasury-Bills, Nullcoupon |  |  |
| USD |  |  |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 20.06.19-18.06.20	4 600 000.00 | 4 599 075.58 | 12.24 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 12.09.19-10.09.20	4 300 000.00 | 4 297 794.10 | 11.44 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 05.12.19-03.12.20	2 400 000.00 | 2 398 708.49 | 6.39 |
| Total USD | 11 295 578.17 | 30.07 |
| Total Treasury-Bills, Nullcoupon | 11 295 578.17 | 30.07 |
| Notes, fester Zins |  |  |
| CAD |  |  |
| CAD	ROYAL BANK OF CANADA 1.65000% 16-15.07.21	95 000.00 | 66 406.90 | 0.18 |
| CAD	TELUS CORP 3.75000% 14-17.01.25	15 000.00 | 10 831.28 | 0.03 |
| CAD	TORONTO-DOMINION BANK 2.04500% 16-08.03.21	100 000.00 | 70 334.78 | 0.19 |
| Total CAD | 147 572.96 | 0.40 |
| USD |  |  |
| USD	ABB FINANCE USA INC 2.87500% 12-08.05.22	45 000.00 | 45 363.69 | 0.12 |
| USD	ABBVIE INC 4.40000% 13-06.11.42	20 000.00 | 22 198.26 | 0.06 |
| USD	ALTRIA GROUP INC 4.25000% 12-09.08.42	100 000.00 | 99 403.60 | 0.26 |
| USD	APACHE CORP 4.25000% 12-15.01.44	80 000.00 | 34 639.92 | 0.09 |
| USD	BURLINGTON NORTHERN SANTA FE LLC 5.40000% 11-01.06.41	35 000.00 | 44 086.44 | 0.12 |
| USD	CCO LLC/CAPITAL 5.37500% 17-01.05.47	20 000.00 | 21 586.11 | 0.06 |
| USD	CHEVRON PHILLIPS CHEMICAL CO LLC-144A 3.30000% 18-01.05.23	125 000.00 | 121 821.92 | 0.32 |
| USD	CITIGROUP INC-SUB 4.60000% 16-09.03.26	30 000.00 | 31 821.41 | 0.08 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 5.30000% 19-01.10.29	85 000.00 | 86 710.28 | 0.23 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 8.35000% 16-15.07.46	55 000.00 | 65 298.99 | 0.17 |
| USD	DIAGEO CAPITAL PLC 3.87500% 13-29.04.43	30 000.00 | 30 696.75 | 0.08 |
| USD	EATON CORP 4.15000% 13-02.11.42	40 000.00 | 44 291.92 | 0.12 |
| USD	ENLINK MIDSTREAM PARTNERS LP 4.40000% 14-01.04.24	50 000.00 | 25 235.00 | 0.07 |
| USD	ENTERPRISE PRODUCTS OPERATING LLC 4.85000% 13-15.03.44	40 000.00 | 41 470.84 | 0.11 |
| USD	ERAC USA FINANCE LLC-144A 5.62500% 12-15.03.42	30 000.00 | 32 635.30 | 0.09 |
| USD	FREEPORT-MCMORAN INC 3.87500% 13-15.03.23	65 000.00 | 61 425.00 | 0.16 |
| USD	GENERAL ELECTRIC CO 4.12500% 12-09.10.42	2 000.00 | 1 888.12 | 0.01 |
| USD	GLENCORE FUNDING LLC-144A 4.87500% 19-12.03.29	50 000.00 | 48 172.48 | 0.13 |
| USD	HOME DEPOT INC/THE 4.87500% 13-15.02.44	30 000.00 | 37 080.64 | 0.10 |
| USD	JPMORGAN CHASE & CO-SUB 3.62500% 16-01.12.27	75 000.00 | 78 977.34 | 0.21 |
| USD	KINDER MORGAN INC-144A 5.62500% 13-15.11.23	40 000.00 | 41 903.74 | 0.11 |
| USD	KRAFT HEINZ FOODS CO-144A 4.87500% 15-15.02.25	28 000.00 | 28 062.95 | 0.08 |
| USD	LIBERTY MUTUAL GROUP INC-144A 4.56900% 19-01.02.29	50 000.00 | 55 247.43 | 0.15 |
| USD	MERCK & CO INC 3.70000% 15-10.02.45	15 000.00 | 17 740.43 | 0.05 |
| USD	MICROSOFT CORP 3.50000% 12-15.11.42	35 000.00 | 40 152.43 | 0.11 |
| USD	MORGAN STANLEY 6.37500% 12-24.07.42	30 000.00 | 41 834.18 | 0.11 |
| USD	MPLX LP-144A 4.25000% 19-01.12.27	20 000.00 | 16 154.95 | 0.04 |
| USD	ONCOR ELECTRIC DELIVERY CO 3.70000% 19-15.11.28	30 000.00 | 32 098.62 | 0.09 |
| USD	ORIGIN ENERGY FINANCE LTD-REG-S 5.45000% 11-14.10.21	40 000.00 | 41 809.60 | 0.11 |
| USD	PPL CAPITAL FUNDING INC 4.70000% 13-01.06.43	85 000.00 | 86 023.97 | 0.23 |
| USD	PROCTER & GAMBLE CO 2.45000% 20-25.03.25	15 000.00 | 15 761.03 | 0.04 |
| USD	SOUTHWESTERN ELECTRIC POWER 6.20000% 10-15.03.40	75 000.00 | 99 036.16 | 0.26 |
| USD	SWISS RE TREASURY (US) CORP-144A 4.25000% 12-06.12.42	40 000.00 | 50 358.12 | 0.13 |
| USD	TEACHERS INSURANCE&ANNUITY ASS-144A-SUB 4.90000% 14-15.09.44	35 000.00 | 39 777.11 | 0.11 |
| USD	TEVA PHARMACEUTICAL FINANCE IV LLC 3.65000% 11-10.11.21	20 000.00 | 19 212.50 | 0.05 |
| USD	UNITD AIRLNS 2016-1 CL B PAS THRUGH TRT 3.65000% 17-07.01.26	50 000.00 | 33 561.55 | 0.09 |
| USD	VIACOMCBS INC 4.75000% 20-15.05.25	95 000.00 | 95 443.55 | 0.25 |
| USD	VIRGINIA ELECTRIC & POWER CO 4.00000% 16-15.11.46	30 000.00 | 32 214.97 | 0.09 |
| USD	XCEL ENERGY INC 4.80000% 11-15.09.41	120 000.00 | 129 231.95 | 0.34 |
| Total USD | 1 890 429.25 | 5.03 |
| Total Notes, fester Zins | 2 038 002.21 | 5.43 |
| Medium-Term Notes, fester Zins |  |  |
| AUD |  |  |
| AUD	AUSGRID FINANCE PTY LTD-REG-S 3.75000% 17-30.10.24	50 000.00 | 32 633.59 | 0.09 |
| Total AUD | 32 633.59 | 0.09 |
| CAD |  |  |
| CAD	BELL CANADA 4.75000% 14-29.09.44	15 000.00 | 11 788.28 | 0.03 |
| CAD	SUNCOR ENERGY INC 3.00000% 16-14.09.26	40 000.00 | 25 191.27 | 0.07 |
| Total CAD | 36 979.55 | 0.10 |
| Total Medium-Term Notes, fester Zins | 69 613.14 | 0.19 |
| UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) |  |  |
| Halbjahresbericht per 31. März 2020 |  |  |

| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AT&T INC 3.00000% 12-15.02.22 | 50 000.00 | 50 425.28 | 0.13 |
| USD	COMCAST CORP 4.75000% 14-01.03.44 | 20 000.00 | 25 398.84 | 0.07 |
| USD	DUKE ENERGY CAROLINAS LLC 4.00000% 12-30.09.42 | 50 000.00 | 56 232.14 | 0.15 |
| USD	MONONGAHELA POWER CO-144A 5.40000% 13-15.12.43 | 35 000.00 | 39 042.26 | 0.10 |
| USD	PHILLIPS 66 4.65000% 14-15.11.34 | 30 000.00 | 27 902.50 | 0.07 |
| USD	TIME WARNER CABLE LLC 4.50000% 12-15.09.42 | 35 000.00 | 32 863.81 | 0.09 |
| Total USD |  | 231 864.83 | 0.61 |
| Total Anleihen, fester Zins |  | 231 864.83 | 0.61 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  | 13 635 058.35 | 36.30 |

Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Notes, fester Zins
| USD |  |
| --- | --- |
| USD | HOME DEPOT INC 2.50000% 20-15.04.27 | 35 000.00 | 35 274.61 | 0.09 |
| USD | ORACLE CORP 2.50000% 20-01.04.25 | 25 000.00 | 25 236.44 | 0.07 |
| USD | SYSCO CORP 5.65000% 20-01.04.25 | 15 000.00 | 15 615.90 | 0.04 |
| Total USD |  |  | 76 126.95 | 0.20 |
| Total Notes, fester Zins |  | 76 126.95 | 0.20 |
| Total Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden |  | 76 126.95 | 0.20 |
| Neuemittierte Wertpapiere und Geldmarktinstrumente |  |  |  |
| Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	BRISTOL MYERS SQUIBB CO-144A 3.87500% 19-15.08.25 | 70 000.00 | 80 181.44 | 0.22 |
| USD	CARRIER GLOBAL CORP-144A 2.72200% 20-15.02.30 | 50 000.00 | 46 071.65 | 0.12 |
| USD	CHEVRON PHILLIPS CHEMICAL CO LLC-144A 5.12500% 20-01.04.25 | 30 000.00 | 30 854.72 | 0.08 |
| USD	OTIS WORLDWIDE CORP-144A 2.56500% 20-15.02.30 | 50 000.00 | 48 594.86 | 0.13 |
| Total USD |  | 205 702.67 | 0.55 |
| Total Notes, fester Zins |  | 205 702.67 | 0.55 |
| Total Neuemittierte Wertpapiere und Geldmarktinstrumente |  | 205 702.67 | 0.55 |
| Total des Wertpapierbestandes |  | 34 695 352.21 | 92.37 |

| Derivative Instrumente |  |
| --- | --- |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |
| Finanzterminkontrakte auf Anleihen |
|  |  |  |  |
| EUR	EURO-BUND FUTURE 08.06.20 | -24.00 | 61 566.70 | 0.16 |
| GBP	LONG GILT FUTURE 26.06.20 | -12.00 | -28 928.03 | -0.08 |
| USD	US 2YR TREASURY NOTE FUTURE 30.06.20 | 30.00 | 82 679.65 | 0.22 |
| USD	US 10YR TREASURY NOTE FUTURE 19.06.20 | -6.00 | -5 890.63 | -0.03 |
| USD	US 5YR TREASURY NOTE FUTURE 30.06.20 | 19.00 | 69 914.05 | 0.19 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 19.06.20 | -9.00 | -178 250.00 | -0.47 |
| AUD	AUSTRALIA 10YR BOND FUTURE 15.06.20 | 7.00 | -4 437.55 | -0.01 |
| CAD	CAN 10YR BOND FUTURE 19.06.20 | 3.00 | 11 760.99 | 0.03 |
| Total Finanzterminkontrakte auf Anleihen |  | 8 415.18 | 0.01 |
| Finanzterminkontrakte auf Indizes |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.06.20 | -23.00 | -22 208.34 | -0.06 |
| EUR	DAX INDEX FUTURE 19.06.20 | 1.00 | 39 322.70 | 0.10 |
| EUR	EURO STOXX BANKS PRICE INDEX FUTURE 19.06.20 | 250.00 | -30 097.57 | -0.08 |
| CHF	SWISS MARKET INDEX FUTURE 19.06.20 | 4.00 | 64 162.06 | 0.17 |
| EUR	CAC 40 INDEX FUTURE 17.04.20 | -33.00 | -231 268.48 | -0.62 |
| GBP	FTSE 100 INDEX FUTURE 19.06.20 | 10.00 | 88 427.03 | 0.24 |
| EUR	FTSE/MIB INDEX FUTURE 19.06.20 | 7.00 | 97 123.08 | 0.26 |
| USD	S&P500 EMINI FUTURE 19.06.20 | 1.00 | -5 605.00 | -0.01 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 19.06.20 | 69.00 | 159 735.00 | 0.43 |
| AUD	SPI 200 INDEX FUTURES 18.06.20 | 3.00 | -1 790.25 | 0.00 |
| JPY	TOPIX INDX FUTURE 11.06.20 | 23.00 | 139 826.78 | 0.37 |
| CAD	S&P/TSX 60 INDEX FUTURE 18.06.20 | 2.00 | -396.25 | 0.00 |
| Total Finanzterminkontrakte auf Indizes |  | 297 230.76 | 0.80 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | 305 645.94 | 0.81 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD)
Halbjahresbericht per 31. März 2020
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |

Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Credit-Default-Swaps*
| USD | ICE/CDX.NA.IG.34 CDI PAYER 1.00000% 20-20.06.25 | -9 000 000.00 | 56 904.00 | 0.15 |
| --- | --- | --- | --- | --- |
| EUR | ICE//ITRX EUROPE.S33 CDI PAY 1.00000% 20-20.06.25 | -5 300 000.00 | -10 597.64 | -0.03 |
| USD | BARCLAYS/TCKBCN CREDIT DEFAULT SWAP REC 1.00000% 15-20.09.20 | 630 000.00 | 3 163.82 | 0.01 |
| EUR | ICE/ITRX.XOVER.33 CDI REC 5.00000% 20-20.06.25 | 520 000.00 | -16 288.25 | -0.04 |
| USD | ICE/CDX.NA.HY.34 CDI REC 5.00000% 20-20.06.25 | 1 500 000.00 | -93 800.00 | -0.25 |
| Total Credit-Default-Swaps | -60 618.07 | -0.16 |
| Total Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden | -60 618.07 | -0.16 |
| Total Derivative Instrumente | 245 027.87 | 0.65 |
| Devisenterminkontrakte |  |  |
| Devisenterminkontrakte (Kauf/Verkauf) |  |  |

| MYR | 3 137 000.00 | USD | 739 248.26 | 20.4.2020 | -10 468.68 | -0.03 |
| --- | --- | --- | --- | --- | --- | --- |
| CLP | 1 022 300 000.00 | USD | 1 224 384.69 | 20.4.2020 | -24 421.90 | -0.07 |
| COP | 8 859 478 000.00 | USD | 2 317 172.67 | 20.4.2020 | -137 637.37 | -0.37 |
| BRL | 6 330 000.00 | USD | 1 351 005.25 | 20.4.2020 | -132 046.97 | -0.35 |
| USD | 1 457 828.97 | EUR | 1 300 000.00 | 20.4.2020 | 30 551.42 | 0.08 |
| USD | 145 000.00 | MYR | 626 110.00 | 20.4.2020 | -456.23 | 0.00 |
| MXN | 24 930 000.00 | USD | 1 145 822.59 | 20.4.2020 | -86 155.99 | -0.23 |
| USD | 290 000.00 | CLP | 242 585 000.00 | 20.4.2020 | 5 256.80 | 0.01 |
| MXN | 12 494 935.59 | USD | 580 000.00 | 20.4.2020 | -48 894.27 | -0.13 |
| USD | 580 000.00 | COP | 2 287 276 400.00 | 20.4.2020 | 17 303.23 | 0.05 |
| USD | 290 000.00 | BRL | 1 371 120.00 | 20.4.2020 | 25 965.55 | 0.07 |
| USD | 911 954.03 | HUF | 278 500 000.00 | 20.4.2020 | 64 417.04 | 0.17 |
| USD | 1 337 813.71 | NZD | 2 215 000.00 | 20.4.2020 | 24 839.25 | 0.07 |
| USD | 2 868 300.83 | GBP | 2 330 000.00 | 20.4.2020 | -21 704.30 | -0.06 |
| CHF | 17 086 000.00 | USD | 18 118 481.68 | 20.4.2020 | -444 578.51 | -1.18 |
| SEK | 17 490 000.00 | USD | 1 807 325.80 | 20.4.2020 | -41 361.99 | -0.11 |
| USD | 1 846 324.31 | THB | 59 320 000.00 | 20.4.2020 | 38 721.57 | 0.10 |
| USD | 1 103 697.17 | AUD | 1 790 000.00 | 20.4.2020 | 8 030.78 | 0.02 |
| JPY | 352 300 000.00 | USD | 3 333 269.94 | 20.4.2020 | -67 413.17 | -0.18 |
| USD | 3 691 763.23 | CHF | 3 480 000.00 | 20.4.2020 | 92 021.74 | 0.25 |
| NOK | 34 390 000.00 | USD | 3 359 010.21 | 20.4.2020 | -83 692.09 | -0.22 |
| USD | 3 800 607.62 | CAD | 5 290 000.00 | 20.4.2020 | 83 487.57 | 0.22 |
| USD | 2 976 728.06 | EUR | 2 660 000.00 | 20.4.2020 | 56 298.62 | 0.15 |
| EUR | 2 218 700.00 | USD | 2 482 882.16 | 20.4.2020 | -46 958.55 | -0.13 |
| USD | 168 969.66 | EUR | 151 200.00 | 20.4.2020 | 2 966.30 | 0.01 |
| USD | 703 404.19 | CHF | 663 500.00 | 20.4.2020 | 17 074.17 | 0.05 |
| CHF | 274 200.00 | USD | 286 117.06 | 20.4.2020 | -2 482.26 | -0.01 |
| USD | 31 621.42 | EUR | 29 100.00 | 20.4.2020 | -327.64 | 0.00 |
| USD | 739 717.95 | EUR | 690 000.00 | 20.4.2020 | -17 837.06 | -0.05 |
| USD | 150 658.21 | CHF | 148 000.00 | 20.4.2020 | -2 434.24 | -0.01 |
| USD | 107 716.54 | CHF | 106 200.00 | 20.4.2020 | -2 137.64 | -0.01 |
| GBP | 220 000.00 | USD | 255 497.40 | 20.4.2020 | 17 378.62 | 0.05 |
| NOK | 3 340 000.00 | USD | 301 180.97 | 20.4.2020 | 16 922.04 | 0.05 |
| USD | 69 744.42 | EUR | 63 200.00 | 20.4.2020 | 356.77 | 0.00 |
| USD | 564 778.11 | CHF | 543 600.00 | 20.4.2020 | 2 473.66 | 0.01 |
| USD | 20 601.99 | EUR | 18 600.00 | 20.4.2020 | 180.94 | 0.00 |
| USD | 27 456.48 | EUR | 24 900.00 | 20.4.2020 | 118.63 | 0.00 |
| USD | 412 875.43 | JPY | 44 700 000.00 | 20.4.2020 | -1 498.11 | 0.00 |
| Total Devisenterminkontrakte (Kauf/Verkauf) | -668 142.27 | -1.78 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 5 004 911.82** | 13.32 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -880 557.94 | -2.34 |
| Andere Aktiva und Passiva | -835 537.42 | -2.22 |
| Total des Nettovermögens | 37 561 054.27 | 100.00 |
| * Nominal positiv: der Subfonds ist «Receiver of protection», Nominal negativ: der Subfonds ist «Seller of protection». ** Zum 31. März 2020 wurden gegenüber Barclays Bankguthaben in Höhe von EUR 170 000.00 als Sicherheit eingesetzt. |  |  |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Halbjahresbericht per 31. März 2020