# UBS (CH) Fund Solutions - MSCI USA SF Index Fund
Category Other Funds for Traditional Investments
| Three-year comparison* |  |
| --- | --- |
|  | ISIN | 31.12.2020 |
| Net fund assets in USD |  | 918 200 458.85 |
| Class (USD) A-acc | CH0565892822 |  |
| Net asset value per unit in USD |  | 109.8343 |
| Number of units outstanding |  | 6 325 809.0000 |
| Class (hedged to CHF) A-acc | CH0565892863 |  |
| Net asset value per unit in CHF |  | 114.7219 |
| Number of units outstanding |  | 726 325.0000 |
| Class (hedged to EUR) A-acc | CH0565892889 |  |
| Net asset value per unit in EUR |  | 114.6135 |
| Number of units outstanding |  | 898 876.0000 |
| Class (hedged to GBP) A-acc | CH0565892848 |  |
| Net asset value per unit in GBP |  | 114.6996 |
| Number of units outstanding |  | 14 791.0000 |
| * Sub-fund launch as of 21 October 2020. |  |  |


## Structure of the securities portfolio
 The 10 largest positions in % of total assets	
| Apple Inc | 10.78 |
| --- | --- |
| NIKE Inc | 8.57 |
| Shopify Inc | 8.47 |
| Amazon.com Inc | 8.22 |
| Farfetch Ltd | 5.78 |
| Scientific Games Corp/DE | 4.40 |
| AECOM | 3.99 |
| Bio-Rad Laboratories Inc | 3.77 |
| Microsoft Corp | 3.63 |
| QUALCOMM Inc | 3.12 |
| Others | 36.09 |
| Total | 96.82 |
| There may be differences in the way the percentages mentioned above are rounded off. |  |
|  Breakdown by sectors in % of total assets	 |
| Internet | 24.06 |
| Computers | 12.80 |
| Software | 8.60 |
| Apparel | 8.57 |
| Biotechnology | 6.83 |
| Healthcare - services | 4.97 |
| Entertainment | 4.40 |
| Engineering & construction | 3.99 |
| Healthcare - products | 3.17 |
| Semiconductors | 3.12 |
| Others | 16.31 |
| Total | 96.82 |
| There may be differences in the way the percentages mentioned above are rounded off. |  |

| Statement of assets |  |
| --- | --- |
|  | 31.12.2020 |
| Market values | USD |
| Securities, including those on loan and under repurchase agreements, broken down into: - Shares and other equity securities and rights | 889 636 686.62 |
| Derivative financial instruments | 28 563 782.60 |
| Other assets | 632 447.33 |
| Total fund assets | 918 832 916.55 |
| Loans | 10.23 |
| Other liabilities | 632 447.47 |
| Net fund assets | 918 200 458.85 |

| Statement of income |  |
| --- | --- |
|  | 21.10.2020-31.12.2020 |
| Income | USD |
| Other Income | 244 664.98 |
| Total income | 244 664.98 |
|  |  |
| Expenses |  |
| Commission remuneration of the Fund Management in accordance with the fund contract | -244 664.98 |
| Total Expenses | -244 664.98 |
|  |  |
| Net income | - |
| Realised capital gains and losses | -4 862 656.15 1 |
| Realized result | -4 862 656.15 |
| Unrealised capital gains and losses | 64 223 687.25 |
| Total result | 59 361 031.10 |
| 1 This amount includes also realized capital gains on CCP payments. |  |


## Changes in net fund assets
21.10.2020-31.12.2020
USD
Net fund assets at the beginning of the financial year	-
Ord. annual distribution	-
Balance of unit movements	858 839 427.75
Net fund assets at the end of the reporting period	918 200 458.85
Total result	59 361 031.10

## Development of the outstanding units
21.10.2020-31.12.2020
Class (USD) A-acc	Number
Situation at the beginning of the financial year	-
Units issued	9 171 991.000
Situation at the end of the period	6 325 809.000
Units redeemed	-2 846 182.000
Difference between units issued and units redeemed	6 325 809.000
Class (hedged to CHF) A-acc	Number
Situation at the beginning of the financial year	-
Units issued	786 210.000
Units redeemed	-59 885.000
Situation at the end of the period	726 325.000
Difference between units issued and units redeemed	726 325.000
Class (hedged to EUR) A-acc	Number
Situation at the beginning of the financial year	-
Units issued	959 540.000
Units redeemed	-60 664.000
Situation at the end of the period	898 876.000
Difference between units issued and units redeemed	898 876.000
|  | 21.10.2020-31.12.2020 |
| --- | --- |
| Class (hedged to GBP) A-acc | Number |
| Situation at the beginning of the financial year | - |
| Units issued | 15 395.000 |
| Units redeemed | -604.000 |
| Situation at the end of the period | 14 791.000 |
| Difference between units issued and units redeemed | 14 791.000 |

| Inventory of Fund assets |  |
| --- | --- |
| Security |  | 21.10.2020 Quantity/ | Purchases 1 | Sales 2 | 31.12.2020 Quantity/ | Market value 3 in USD | in % 3 | Thereof in lending |
|  |  | Nominal |  |  | Nominal |  |  | Quantity/Nominal |
| Securities traded on an exchange |  |  |  |  |  |  |  |  |
| Shares |  |  |  |  |  |  |  |  |
| Belgium |  |  |  |  |  |  |  |  |
| Pool held Shares |  |  |  |  |  |  |  |  |
| Anheuser-Busch InBev SA/NV | EUR |  | 2 638.00 | 2 638.00 |  |  |  |  |
| Total Belgium |  |  |  |  |  |  | 0.00 |  |
| Canada |  |  |  |  |  |  |  |  |
| Pool held Shares |  |  |  |  |  |  |  |  |
| Bausch Health Cos Inc | USD |  | 1 590 618.00 | 1 494 024.00 | 96 594.00 | 1 937 675.64 | 0.21 |  |
| Kinross Gold Corp | USD |  | 5 843 834.00 | 4 256 361.00 | 1 587 473.00 | 12 001 295.88 | 1.31 |  |
| Shopify Inc | USD |  | 122 687.00 | 55 773.00 | 66 914.00 | 77 820 982.00 | 8.47 |  |
| Total Canada |  |  |  |  |  | 91 759 953.52 | 9.99 |  |
| Cayman Islands |  |  |  |  |  |  |  |  |
| Pool held Shares |  |  |  |  |  |  |  |  |
| Farfetch Ltd | USD |  | 1 787 528.00 | 964 510.00 | 823 018.00 | 53 109 351.54 | 5.78 |  |
| iQIYI Inc | USD |  | 2 212 389.00 | 1 377 411.00 | 834 978.00 | 14 645 514.12 | 1.59 |  |
| XP Inc | USD |  | 1 172 406.00 | 809 062.00 | 363 344.00 | 14 708 165.12 | 1.60 |  |
| Total Cayman Islands |  |  |  |  |  | 82 463 030.78 | 8.97 |  |
| Finland |  |  |  |  |  |  |  |  |
| Pool held Shares |  |  |  |  |  |  |  |  |
| Kesko Oyj | EUR |  | 8 354.00 | 8 354.00 |  |  |  |  |
| UPM-Kymmene Oyj | EUR |  | 7 358.00 | 7 358.00 |  |  |  |  |
| Total Finland |  |  |  |  |  |  | 0.00 |  |
| Germany |  |  |  |  |  |  |  |  |
| Pool held Shares |  |  |  |  |  |  |  |  |
| adidas AG | EUR |  | 552.00 | 552.00 |  |  |  |  |
| Allianz SE | EUR |  | 937.00 | 937.00 |  |  |  |  |
| BASF SE | EUR |  | 2 952.00 | 2 952.00 |  |  |  |  |
| Bayer AG | EUR |  | 3 543.00 | 3 543.00 |  |  |  |  |
| Daimler AG | EUR |  | 3 182.00 | 3 182.00 |  |  |  |  |
| Deutsche Bank AG | EUR |  | 23 532.00 |  | 23 532.00 | 259 033.63 | 0.03 |  |
| Deutsche Lufthansa AG | EUR |  | 19 408.00 | 19 408.00 |  |  |  |  |
| Deutsche Post AG | EUR |  | 3 706.00 | 3 706.00 |  |  |  |  |
| Deutsche Telekom AG | EUR |  | 11 215.00 | 11 215.00 |  |  |  |  |
| SAP SE | EUR |  | 1 311.00 | 1 311.00 |  |  |  |  |
| Siemens AG | EUR |  | 1 403.00 | 1 403.00 |  |  |  |  |
| Total Germany |  |  |  |  |  | 259 033.63 | 0.03 |  |
| Ireland |  |  |  |  |  |  |  |  |
| Pool held Shares |  |  |  |  |  |  |  |  |
| Medtronic PLC | USD |  | 1 122.00 | 1 122.00 |  |  |  |  |
| Total Ireland |  |  |  |  |  |  | 0.00 |  |
| Netherlands |  |  |  |  |  |  |  |  |
| Pool held Shares |  |  |  |  |  |  |  |  |
| Heineken NV | EUR |  | 3 142.00 | 3 142.00 |  |  |  |  |
| Koninklijke Philips NV | EUR |  | 5 892.00 | 5 892.00 |  |  |  |  |
| Total Netherlands |  |  |  |  |  |  | 0.00 |  |
| Spain |  |  |  |  |  |  |  |  |
| Pool held Shares |  |  |  |  |  |  |  |  |
| Aena SME SA | EUR |  | 963.00 | 963.00 |  |  |  |  |
| Banco Bilbao Vizcaya Argentaria SA | EUR |  | 38 321.00 | 38 321.00 |  |  |  |  |
| Repsol SA | EUR |  | 20 637.00 | 20 637.00 |  |  |  |  |
| Total Spain |  |  |  |  |  |  | 0.00 |  |
| United States |  |  |  |  |  |  |  |  |
| Pool held Shares |  |  |  |  |  |  |  |  |
| 3M Co | USD |  | 163 000.00 |  | 163 000.00 | 28 379 930.00 | 3.09 |  |
| AECOM | USD |  | 742 105.00 |  | 742 105.00 | 36 711 934.35 | 3.99 |  |
| AGCO Corp | USD |  | 366 032.00 | 336 361.00 | 29 671.00 | 3 031 782.78 | 0.33 |  |
| Air Products and Chemicals Inc | USD |  | 46 000.00 | 46 000.00 |  |  |  |  |
| Alcoa Corp | USD |  | 1 736 800.00 | 1 736 800.00 |  |  |  |  |
| Alphabet Inc | USD |  | 24 827.00 | 24 827.00 |  |  |  |  |
| Altria Group Inc | USD |  | 3 086.00 | 3 086.00 |  |  |  |  |
| Amazon.com Inc | USD |  | 23 000.00 |  | 23 000.00 | 75 574 550.01 | 8.22 |  |
| Anthem Inc | USD |  | 141 501.00 | 141 501.00 |  |  |  |  |
| Apple Inc | USD |  | 740 471.00 |  | 740 471.00 | 99 015 782.12 | 10.78 |  |
| Autodesk Inc | USD |  | 61 000.00 |  | 61 000.00 | 18 264 010.00 | 1.99 |  |
| Avantor Inc | USD |  | 1 293 409.00 | 1 090 513.00 | 202 896.00 | 5 547 176.64 | 0.60 |  |

| Security |  | 21.10.2020 Quantity/ Nominal | Purchases 1 | Sales 2 | 31.12.2020 Quantity/ Nominal | Market value 3 in USD | in % 3 | Thereof in lending Quantity/Nominal |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |
| Bio-Rad Laboratories Inc | USD |  | 60 261.00 |  | 60 261.00 | 34 639 830.63 | 3.77 |  |
| Black Knight Inc | USD |  | 310 322.00 |  | 310 322.00 | 27 385 916.50 | 2.98 |  |
| Booking Holdings Inc | USD |  | 70.00 | 70.00 |  |  |  |  |
| Bristol-Myers Squibb Co | USD |  | 578 276.00 | 578 276.00 |  |  |  |  |
| Clearway Energy Inc | USD |  | 3 950.00 | 3 950.00 |  |  |  |  |
| Coca-Cola Co/The | USD |  | 2 370.00 | 2 370.00 |  |  |  |  |
| Constellation Brands Inc | USD |  | 109 000.00 |  | 109 000.00 | 23 784 890.00 | 2.59 |  |
| CoStar Group Inc | USD |  | 39 300.00 | 35 362.00 | 3 938.00 | 3 642 492.48 | 0.40 |  |
| Danaher Corp | USD |  | 158 000.00 | 158 000.00 |  |  |  |  |
| Deere & Co | USD |  | 72 546.00 | 72 546.00 |  |  |  |  |
| Dell Technologies Inc | USD |  | 256 369.00 |  | 256 369.00 | 18 586 752.50 | 2.02 |  |
| Dollar General Corp | USD |  | 102 900.00 | 102 900.00 |  |  |  |  |
| Humana Inc | USD |  | 161 869.00 | 161 869.00 |  |  |  |  |
| Intuit Inc | USD |  | 81 000.00 | 81 000.00 |  |  |  |  |
| Intuitive Surgical Inc | USD |  | 29 000.00 |  | 29 000.00 | 23 643 700.00 | 2.57 |  |
| IQVIA Holdings Inc | USD |  | 98 000.00 |  | 98 000.00 | 17 396 960.00 | 1.89 |  |
| JPMorgan Chase & Co | USD |  | 1 171.00 | 1 171.00 |  |  |  |  |
| Kansas City Southern | USD |  | 205 100.00 | 205 100.00 |  |  |  |  |
| L Brands Inc | USD |  | 339 059.00 | 339 059.00 |  |  |  |  |
| Laboratory Corp of America Holdings | USD |  | 570.00 | 570.00 |  |  |  |  |
| Las Vegas Sands Corp | USD |  | 2 378.00 | 2 378.00 |  |  |  |  |
| Marsh & McLennan Cos Inc | USD |  | 1 105.00 | 1 105.00 |  |  |  |  |
| Mastercard Inc | USD |  | 272 000.00 | 272 000.00 |  |  |  |  |
| McKesson Corp | USD |  | 75 000.00 |  | 75 000.00 | 13 006 500.00 | 1.42 |  |
| MercadoLibre Inc | USD |  | 87.00 | 87.00 |  |  |  |  |
| Microsoft Corp | USD |  | 352 556.00 | 202 188.00 | 150 368.00 | 33 333 578.24 | 3.63 |  |
| Mohawk Industries Inc | USD |  | 1 223.00 | 1 223.00 |  |  |  |  |
| Monolithic Power Systems Inc | USD |  | 31 000.00 | 31 000.00 |  |  |  |  |
| Mosaic Co/The | USD |  | 1 564 595.00 | 1 296 457.00 | 268 138.00 | 5 941 938.08 | 0.65 |  |
| NIKE Inc | USD |  | 556 270.00 |  | 556 270.00 | 78 756 706.60 | 8.57 |  |
| NVIDIA Corp | USD |  | 218.00 | 218.00 |  |  |  |  |
| NVR Inc | USD |  | 28.00 | 28.00 |  |  |  |  |
| Palo Alto Networks Inc | USD |  | 497.00 | 497.00 |  |  |  |  |
| Performance Food Group Co | USD |  | 3 387.00 | 3 387.00 |  |  |  |  |
| Pool Corp | USD |  | 89 700.00 | 89 700.00 |  |  |  |  |
| Proofpoint Inc | USD |  | 1 103.00 | 1 103.00 |  |  |  |  |
| Public Service Enterprise Group Inc | USD |  | 1 905.00 | 1 905.00 |  |  |  |  |
| QUALCOMM Inc | USD |  | 191 000.00 |  | 191 000.00 | 28 640 450.00 | 3.12 |  |
| Scientific Games Corp/DE | USD |  | 1 729 022.00 | 757 385.00 | 971 637.00 | 40 429 815.57 | 4.40 |  |
| ServiceNow Inc | USD |  | 223.00 | 223.00 |  |  |  |  |
| Sonos Inc | USD |  | 1 959 845.00 | 1 217 533.00 | 742 312.00 | 17 399 793.28 | 1.89 |  |
| Take-Two Interactive Software Inc | USD |  | 699.00 | 699.00 |  |  |  |  |
| Target Corp | USD |  | 104 000.00 |  | 104 000.00 | 18 083 520.00 | 1.97 |  |
| Thermo Fisher Scientific Inc | USD |  | 68 300.00 | 68 300.00 |  |  |  |  |
| TripAdvisor Inc | USD |  | 5 865.00 | 5 865.00 |  |  |  |  |
| Twilio Inc | USD |  | 394.00 | 394.00 |  |  |  |  |
| Twitter Inc | USD |  | 2 170.00 | 2 170.00 |  |  |  |  |
| UnitedHealth Group Inc | USD |  | 82 000.00 |  | 82 000.00 | 28 289 180.00 | 3.08 |  |
| Vertex Pharmaceuticals Inc | USD |  | 121 000.00 |  | 121 000.00 | 28 154 280.00 | 3.06 |  |
| Viatris Inc | USD |  | 414 407.00 |  | 414 407.00 | 7 513 198.91 | 0.82 |  |
| Walt Disney Co/The | USD |  | 542 024.00 | 542 024.00 |  |  |  |  |
| Zoom Video Communications Inc | USD |  | 142.00 | 142.00 |  |  |  |  |
| Total United States |  |  |  |  |  | 715 154 668.69 | 77.83 |  |
| Total Shares |  |  |  |  |  | 889 636 686.62 | 96.82 |  |
| Total Securities and similar instruments |  |  |  |  |  | 889 636 686.62 | 96.82 |  |
| (thereof in lending |  |  |  |  |  | 0.00 | 0.00) |  |
|  |  |  |  |  |  |  |  |  |
| Derivative financial instruments |  |  |  |  |  | 28 563 782.60 | 3.11 |  |
| Other assets |  |  |  |  |  | 632 447.33 | 0.07 |  |
| Total fund assets |  |  |  |  |  | 918 832 916.55 | 100.00 |  |
|  |  |  |  |  |  |  |  |  |
| Short-term bank liabilities |  |  |  |  |  | -10.23 |  |  |
| Other liabilities |  |  |  |  |  | -632 447.47 |  |  |
| Net fund assets |  |  |  |  |  | 918 200 458.85 |  |  |
| Valuation categories |  |  |  |  |  | Market value as of |  | in % |
|  |  |  |  |  |  | 31.12.2020 |  | of the total fund assets 3 |
| Investments valued at prices paid on the main market |  |  |  |  |  | 889 636 686.62 |  | 96.82 |
| Investments valuation based on market-observed parameters |  |  |  |  |  | 28 563 782.60 |  | 3.11 |
| Investments valued with suitable valuation models taking account of the current |  |  |  |  |  | - |  | - |
| market circumstances |  |  |  |  |  |  |  |  |
| Total |  |  |  |  |  | 918 200 469.22 |  | 99.93 |

1 Purchases include the following transactions: allotment from subscription / allotment from option rights / option rights / allotment of subscription rights from underlying stocks / bonus securities / change of corporate names / conversions
/ purchases / share exchange between companies / stock splits / stock dividends / optional dividends / transfers / transfer due to redenomination in euro / subscriptions in kind
2 Sales include the following transactions: cancellation as a result of expiry / draws by lot / exercise of rights / options / repayments / reverse-splits / sales / share exchange between companies / transfers / transfer due to redenomination in euro / redemptions in kind
3 Divergences in the totals may be attributed to rounding differences
4 The securities received as collateral are not accounted for in net assets. As collateral will be permitted:
- fixed or variable-interest debt instruments that currently have a long-term rating of at least “A-”, “A3” or equivalent from a rating agency recognised by the supervisory authority;
- shares that are traded on a stock exchange or on another regulated market open to the public in Switzerland, a member state of the European Union, a signatory state of the European Economic Area, the United States of America (USA), Norway or Canada and are included in a representative index for large capitalisation stocks.

| * valued at prices paid on the main market (art. 88 para. 1 CISA) ** valuation based on market-observed parameters |  |
| --- | --- |
| Derivative financial instruments |
| CISO-FINMA Art. 23 |
| There may be differences in the way the figures mentioned above are rounded off. |
| Instrument | Nominal | Currency | Coverage in USD | Replacement value in USD | in % of total assets |
| Interest rate swaps/Credit Default Swaps/Total Return Swaps |  |  |  |  |  |
| Total Return Swap 30.07.21 | -92 231 057 | CHF | -104 518 500.00 | -104 518 500.00 | -11.38 |
| Total Return Swap 30.07.21 | 92 231 057 | CHF | 104 518 500.00 | 104 518 500.00 | 11.38 |
| Total Return Swap 30.07.21 | 722 693 | CHF | 93 905 036.27 | 93 905 036.27 | 10.22 |
| Total Return Swap 30.07.21 | -722 693 | CHF | -91 318 298.11 | -91 318 298.11 | -9.94 |
| Total Return Swap 30.07.21 | 3 632 | CHF | 471 885.25 | 471 885.25 | 0.05 |
| Total Return Swap 30.07.21 | -123 550 571 | EUR | -152 053 024.16 | -152 053 024.16 | -16.55 |
| Total Return Swap 30.07.21 | 123 550 571 | EUR | 152 053 024.16 | 152 053 024.16 | 16.55 |
| Total Return Swap 30.07.21 | 894 382 | EUR | 126 090 233.77 | 126 090 233.77 | 13.72 |
| Total Return Swap 30.07.21 | -894 382 | EUR | -122 327 859.13 | -122 327 859.13 | -13.31 |
| Total Return Swap 30.07.21 | 4 494 | EUR | 633 619.26 | 633 619.26 | 0.07 |
| Total Return Swap 30.07.21 | -2 242 405 | GBP | -3 053 399.16 | -3 053 399.16 | -0.33 |
| Total Return Swap 30.07.21 | 2 242 405 | GBP | 3 053 399.16 | 3 053 399.16 | 0.33 |
| Total Return Swap 30.07.21 | 14 717 | GBP | 2 297 335.67 | 2 297 335.67 | 0.25 |
| Total Return Swap 30.07.21 | -14 717 | GBP | -2 220 212.96 | -2 220 212.96 | -0.24 |
| Total Return Swap 30.07.21 | 74 | GBP | 11 545.18 | 11 545.18 | 0.00 |
| Total Return Swap 30.07.21 | -680 504 884 | USD | -680 861 447.66 | -680 861 447.66 | -74.10 |
| Total Return Swap 30.07.21 | 680 504 884 | USD | 680 861 447.66 | 680 861 447.66 | 74.10 |
| Total Return Swap 30.07.21 | 6 294 180 | USD | 691 316 848.64 | 691 316 848.64 | 75.24 |
| Total Return Swap 30.07.21 | -6 294 180 | USD | -673 770 305.81 | -673 770 305.81 | -73.33 |
| Total Return Swap 30.07.21 | 31 629 | USD | 3 473 954.57 | 3 473 954.57 | 0.38 |
|  |  |  | 28 563 782.60 | 28 563 782.60 | 3.11 |
| Liquidity linked to open derivative financial instruments: USD 28 563 782.60 |  |  |  |  |  |
| There may be differences in the way the figures mentioned above are rounded off. |  |  |  |  |  |
| Transactions in exposure-increasing derivatives during the period under review |  |  |  |  |
| Instrument	Currency | Purchase/ Contracts | Sale/ Contracts |  |  |
| Interest rate swaps/Credit Default Swaps/Total Return Swaps |  |  |  |  |
| Total Return Swap 30.07.21	CHF | 4 538 496.26 | 96 769 553.60 |  |  |
| Total Return Swap 30.07.21	CHF | 96 769 553.60 | 4 538 496.26 |  |  |
| Total Return Swap 30.07.21	CHF | 953 454.69 | 230 761.32 |  |  |
| Total Return Swap 30.07.21	CHF | 230 761.32 | 953 454.69 |  |  |
| Total Return Swap 30.07.21	CHF | 1 010 094.32 | 1 006 462.69 |  |  |
| Total Return Swap 30.07.21	EUR | 4 674 696.81 | 128 225 267.34 |  |  |
| Total Return Swap 30.07.21	EUR | 128 225 267.34 | 4 674 696.81 |  |  |
| Total Return Swap 30.07.21	EUR | 1 144 946.09 | 250 564.47 |  |  |
| Total Return Swap 30.07.21	EUR | 250 564.47 | 1 144 946.09 |  |  |
| Total Return Swap 30.07.21	EUR | 1 197 994.47 | 1 193 500.09 |  |  |
| Total Return Swap 30.07.21	GBP | 120 490.11 | 2 362 894.85 |  |  |
| Total Return Swap 30.07.21	GBP | 2 362 894.85 | 120 490.11 |  |  |
| Total Return Swap 30.07.21	GBP | 21 340.09 | 6 623.05 |  |  |
| Total Return Swap 30.07.21	GBP | 6 623.05 | 21 340.09 |  |  |
| Total Return Swap 30.07.21	GBP | 22 018.05 | 21 944.09 |  |  |
| Total Return Swap 30.07.21	USD | 278 017 937.03 | 958 522 820.55 |  |  |
| Total Return Swap 30.07.21	USD | 958 522 820.55 | 278 017 937.03 |  |  |
| Total Return Swap 30.07.21	USD | 8 985 558.94 | 2 691 378.99 |  |  |
| Total Return Swap 30.07.21	USD | 2 691 378.99 | 8 985 558.94 |  |  |
| Total Return Swap 30.07.21	USD | 11 772 244.99 | 11 740 615.94 |  |  |


## Supplementary information Derivative financial instruments
Risk assessment process Commitment approach I: Art. 34 CISO-FINMA
Expense Ratio (TER) of collective investment schemes” in the current version and expresses the sum of all costs and commissions charged on an ongoing basis to the net assets (operating expenses) taken retrospectively as a percentage of the net assets.
Position	amount in	In % of the
	USD	fund’s net asset
Total exposure-increasing
| positions | 1 858 686 829.90 | 2.02 |
| --- | --- | --- |
| Total exposure-reducing positions | 1 830 123 047,00 | 1.99 |


## Repurchase agreements
No securities were used in repurchase agreements at balance sheet date.

## Remuneration of the Fund Management
See separate information at the end of the report.

## Soft Commission Arrangements
The fund management company has not concluded any arrangements in the form of “soft commission arrangements”.

## Total Expense Ratio (TER)
TER annualized:
- (USD) A-acc	0.12%
- (hedged to CHF) A-acc	0.12%
- (hedged to EUR) A-acc	0.12%
- (hedged to GBP) A-acc	0.12%


## Swap costs
This number represents the total costs charged by the swap counterparty. These costs are debited from the fund’s assets retrospectively on an ongoing basis as a percentage of the fund’s assets. Swap costs are debited from the fund’s assets in addition to the TER.
Swap costs for the last 12 months:	0.09%

## Valuation principles and calculation of the net asset value
See appendix to supplementary information.

## Exchange rate
| This ratio was calculated in accordance with the Asset | CHF | 1 | = | USD | 1.132631 |
| --- | --- | --- | --- | --- | --- |
| Management Association Switzerland (AMAS)’s / Swiss | EUR | 1 | = | USD | 1.230050 |
| Funds & Asset Management Association (SFAMA)’s | GBP | 1 | = | USD | 1.360950 |

”Guidelines on the calculation and disclosure of the Total
USD  1  =  USD  1.000000

Translation (ENDE, 2020-12-31):
# UBS (CH) Fund Solutions - MSCI USA SF Index Fund
Art übrige Fonds für traditionelle Anlagen
| Dreijahresvergleich* |  |
| --- | --- |
|  | ISIN | 31.12.2020 |
| Nettofondsvermögen in USD |  | 918 200 458,85 |
| Klasse (USD) A-acc | CH0565892822 |  |
| Nettoinventarwert pro Anteil in USD |  | 109,8343 |
| Anzahl Anteile im Umlauf |  | 6 325 809,0000 |
| Klasse (hedged to CHF) A-acc | CH0565892863 |  |
| Nettoinventarwert pro Anteil in CHF |  | 114,7219 |
| Anzahl Anteile im Umlauf |  | 726 325,0000 |
| Klasse (hedged to EUR) A-acc | CH0565892889 |  |
| Nettoinventarwert pro Anteil in EUR |  | 114,6135 |
| Anzahl Anteile im Umlauf |  | 898 876,0000 |
| Klasse (hedged to GBP) A-acc | CH0565892848 |  |
| Nettoinventarwert pro Anteil in GBP |  | 114,6996 |
| Anzahl Anteile im Umlauf |  | 14 791,0000 |
| * Auflegung des Teilfonds zum 21. Oktober 2020. |  |  |


## Struktur des Wertpapierportfolios
 Die 10 grössten Positionen in % des Gesamtfondsvermögens	
| Apple Inc | 10,78 |
| --- | --- |
| NIKE Inc | 8,57 |
| Shopify Inc | 8,47 |
| Amazon.com Inc | 8,22 |
| Farfetch Ltd | 5,78 |
| Scientific Games Corp/DE | 4,40 |
| AECOM | 3,99 |
| Bio-Rad Laboratories Inc | 3,77 |
| Microsoft Corp | 3,63 |
| QUALCOMM Inc | 3,12 |
| Übrige | 36,09 |
| Total | 96,82 |
| Obige Prozentsätze können Rundungsdifferenzen enthalten. |  |
|  Aufteilung nach Branchen in % des Gesamtfondsvermögens	 |
| Internet | 24,06 |
| Computer | 12,80 |
| Software | 8,60 |
| Bekleidung | 8,57 |
| Biotechnologie | 6,83 |
| Gesundheitspflegedienstleistungen | 4,97 |
| Unterhaltung | 4,40 |
| Bau- und Ingenieurswesen | 3,99 |
| Gesundheitspflegeprodukte | 3,17 |
| Halbleiter | 3,12 |
| Übrige | 16,31 |
| Total | 96,82 |
| Obige Prozentsätze können Rundungsdifferenzen enthalten. |  |

| Vermögensrechnung |  |
| --- | --- |
|  | 31.12.2020 |
| Verkehrswerte | USD |
| Effekten, einschliesslich ausgeliehene Effekten, aufgeteilt in: - Aktien und sonstige Beteiligungswertpapiere und –rechte | 889 636 686,62 |
| Derivative Finanzinstrumente | 28 563 782,60 |
| Sonstige Vermögenswerte | 632 447,33 |
| Gesamtfondsvermögen | 918 832 916,55 |
| Aufgenommene Kredite | 10,23 |
| Andere Verbindlichkeiten | 632 447,47 |
| Nettofondsvermögen | 918 200 458,85 |

| Erfolgsrechnung |  |
| --- | --- |
|  | 21.10.2020–31.12.2020 |
| Ertrag | USD |
| Sonstige Erträge | 244 664,98 |
| Total Ertrag | 244 664,98 |
|  |  |
| Aufwand |  |
| Fondsvertragliche Kommissionsvergütung an die Fondsleitung | -244 664,98 |
| Total Aufwand | -244 664,98 |
|  |  |
| Nettoertrag | - |
| Realisierte Kapitalgewinne und -verluste | -4 862 656,15 1 |
| Realisierter Erfolg | -4 862 656,15 |
| Nicht realisierte Kapitalgewinne und -verluste | 64 223 687,25 |
| Gesamterfolg | 59 361 031,10 |
| 1 Dieser Betrag enthält auch Kapitalgewinne aus KEP-Zahlungen |  |


## Veränderung des Nettofondsvermögens
21.10.2020–31.12.2020
USD
Nettofondsvermögen zu Beginn der Berichtsperiode	-
Ordentliche Jahresausschüttung	-
Saldo aus Anteilsverkehr	858 839 427,75
Gesamterfolg	59 361 031,10
Nettofondsvermögen am Ende der Berichtsperiode	918 200 458,85

## Entwicklung der Anteile im Umlauf
21.10.2020-31.12.2020
Klasse (USD) A-acc	Anzahl
Bestand Anfang Rechnungsjahr	-
Ausgegebene Anteile	9 171 991,000
Zurückgenommene Anteile	-2 846 182,000
Bestand Ende Berichtsperiode	6 325 809,000
Differenz zwischen den ausgegebenen und zurückgenommenen Anteilen	6 325 809,000
Klasse (hedged to CHF) A-acc	Anzahl
Bestand Anfang Rechnungsjahr	-
Ausgegebene Anteile	786 210,000
Zurückgenommene Anteile	-59 885,000
Bestand Ende Berichtsperiode	726 325,000
Differenz zwischen den ausgegebenen und zurückgenommenen Anteilen	726 325,000
Klasse (hedged to EUR) A-acc	Anzahl
Bestand Anfang Rechnungsjahr	-
Ausgegebene Anteile	959 540,000
Zurückgenommene Anteile	-60 664,000
Bestand Ende Berichtsperiode	898 876,000
Differenz zwischen den ausgegebenen und zurückgenommenen Anteilen	898 876,000
|  | 21.10.2020-31.12.2020 |
| --- | --- |
| Klasse (hedged to GBP) A-acc | Anzahl |
| Bestand Anfang Rechnungsjahr | - |
| Ausgegebene Anteile | 15 395,000 |
| Zurückgenommene Anteile | -604,000 |
| Bestand Ende Berichtsperiode | 14 791,000 |
| Differenz zwischen den ausgegebenen und zurückgenommenen Anteilen | 14 791,000 |

| Inventar des Fondsvermögens |  |
| --- | --- |
| Titel |  | 21.10.2020 Anzahl/ | Käufe 1 | Verkäufe 2 | 31.12.2020 Anzahl/ | Verkehrswert 3 in USD | in % 3 | Davon ausgeliehen |
|  |  | Nominal |  |  | Nominal |  |  | Anzahl/Nominal |
| An einer Börse gehandelte Effekten |  |  |  |  |  |  |  |  |
| Aktien |  |  |  |  |  |  |  |  |
| Belgien |  |  |  |  |  |  |  |  |
| Durch Pool gehaltene Aktien |  |  |  |  |  |  |  |  |
| Anheuser-Busch InBev SA/NV | EUR |  | 2 638,00 | 2 638,00 |  |  |  |  |
| Total Belgien |  |  |  |  |  |  | 0,00 |  |
| Kanada |  |  |  |  |  |  |  |  |
| Durch Pool gehaltene Aktien |  |  |  |  |  |  |  |  |
| Bausch Health Cos Inc | USD |  | 1 590 618,00 | 1 494 024,00 | 96 594,00 | 1 937 675,64 | 0,21 |  |
| Kinross Gold Corp | USD |  | 5 843 834,00 | 4 256 361,00 | 1 587 473,00 | 12 001 295,88 | 1,31 |  |
| Shopify Inc | USD |  | 122 687,00 | 55 773,00 | 66 914,00 | 77 820 982,00 | 8,47 |  |
| Total Kanada |  |  |  |  |  | 91 759 953,52 | 9,99 |  |
| Kaimaninseln |  |  |  |  |  |  |  |  |
| Durch Pool gehaltene Aktien |  |  |  |  |  |  |  |  |
| Farfetch Ltd | USD |  | 1 787 528,00 | 964 510,00 | 823 018,00 | 53 109 351,54 | 5,78 |  |
| iQIYI Inc | USD |  | 2 212 389,00 | 1 377 411,00 | 834 978,00 | 14 645 514,12 | 1,59 |  |
| XP Inc | USD |  | 1 172 406,00 | 809 062,00 | 363 344,00 | 14 708 165,12 | 1,60 |  |
| Total Kaimaninseln |  |  |  |  |  | 82 463 030,78 | 8,97 |  |
| Finnland |  |  |  |  |  |  |  |  |
| Durch Pool gehaltene Aktien |  |  |  |  |  |  |  |  |
| Kesko Oyj | EUR |  | 8 354,00 | 8 354,00 |  |  |  |  |
| UPM-Kymmene Oyj | EUR |  | 7 358,00 | 7 358,00 |  |  |  |  |
| Total Finnland |  |  |  |  |  |  | 0,00 |  |
| Deutschland |  |  |  |  |  |  |  |  |
| Durch Pool gehaltene Aktien |  |  |  |  |  |  |  |  |
| adidas AG | EUR |  | 552,00 | 552,00 |  |  |  |  |
| Allianz SE | EUR |  | 937,00 | 937,00 |  |  |  |  |
| BASF SE | EUR |  | 2 952,00 | 2 952,00 |  |  |  |  |
| Bayer AG | EUR |  | 3 543,00 | 3 543,00 |  |  |  |  |
| Daimler AG | EUR |  | 3 182,00 | 3 182,00 |  |  |  |  |
| Deutsche Bank AG | EUR |  | 23 532,00 |  | 23 532,00 | 259 033,63 | 0,03 |  |
| Deutsche Lufthansa AG | EUR |  | 19 408,00 | 19 408,00 |  |  |  |  |
| Deutsche Post AG | EUR |  | 3 706,00 | 3 706,00 |  |  |  |  |
| Deutsche Telekom AG | EUR |  | 11 215,00 | 11 215,00 |  |  |  |  |
| SAP SE | EUR |  | 1 311,00 | 1 311,00 |  |  |  |  |
| Siemens AG | EUR |  | 1 403,00 | 1 403,00 |  |  |  |  |
| Total Deutschland |  |  |  |  |  | 259 033,63 | 0,03 |  |
| Irland |  |  |  |  |  |  |  |  |
| Durch Pool gehaltene Aktien |  |  |  |  |  |  |  |  |
| Medtronic PLC | USD |  | 1 122,00 | 1 122,00 |  |  |  |  |
| Total Irland |  |  |  |  |  |  | 0,00 |  |
| Niederlande |  |  |  |  |  |  |  |  |
| Durch Pool gehaltene Aktien |  |  |  |  |  |  |  |  |
| Heineken NV | EUR |  | 3 142,00 | 3 142,00 |  |  |  |  |
| Koninklijke Philips NV | EUR |  | 5 892,00 | 5 892,00 |  |  |  |  |
| Total Niederlande |  |  |  |  |  |  | 0,00 |  |
| Spanien |  |  |  |  |  |  |  |  |
| Durch Pool gehaltene Aktien |  |  |  |  |  |  |  |  |
| Aena SME SA | EUR |  | 963,00 | 963,00 |  |  |  |  |
| Banco Bilbao Vizcaya Argentaria SA | EUR |  | 38 321,00 | 38 321,00 |  |  |  |  |
| Repsol SA | EUR |  | 20 637,00 | 20 637,00 |  |  |  |  |
| Total Spanien |  |  |  |  |  |  | 0,00 |  |
| Vereinigte Staaten von Amerika |  |  |  |  |  |  |  |  |
| Durch Pool gehaltene Aktien |  |  |  |  |  |  |  |  |
| 3M Co | USD |  | 163 000,00 |  | 163 000,00 | 28 379 930,00 | 3,09 |  |
| AECOM | USD |  | 742 105,00 |  | 742 105,00 | 36 711 934,35 | 3,99 |  |
| AGCO Corp | USD |  | 366 032,00 | 336 361,00 | 29 671,00 | 3 031 782,78 | 0,33 |  |
| Air Products and Chemicals Inc | USD |  | 46 000,00 | 46 000,00 |  |  |  |  |
| Alcoa Corp | USD |  | 1 736 800,00 | 1 736 800,00 |  |  |  |  |
| Alphabet Inc | USD |  | 24 827,00 | 24 827,00 |  |  |  |  |
| Altria Group Inc | USD |  | 3 086,00 | 3 086,00 |  |  |  |  |
| Amazon.com Inc | USD |  | 23 000,00 |  | 23 000,00 | 75 574 550,01 | 8,22 |  |
| Anthem Inc | USD |  | 141 501,00 | 141 501,00 |  |  |  |  |
| Apple Inc | USD |  | 740 471,00 |  | 740 471,00 | 99 015 782,12 | 10,78 |  |
| Autodesk Inc | USD |  | 61 000,00 |  | 61 000,00 | 18 264 010,00 | 1,99 |  |
| Avantor Inc | USD |  | 1 293 409,00 | 1 090 513,00 | 202 896,00 | 5 547 176,64 | 0,60 |  |

| Titel |  | 21.10.2020 Anzahl/ Nominal | Käufe 1 | Verkäufe 2 | 31.12.2020 Anzahl/ Nominal | Verkehrswert 3 in USD | in % 3 | Davon ausgeliehen Anzahl/Nominal |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |
| Bio-Rad Laboratories Inc | USD |  | 60 261,00 |  | 60 261,00 | 34 639 830,63 | 3,77 |  |
| Black Knight Inc | USD |  | 310 322,00 |  | 310 322,00 | 27 385 916,50 | 2,98 |  |
| Booking Holdings Inc | USD |  | 70,00 | 70,00 |  |  |  |  |
| Bristol-Myers Squibb Co | USD |  | 578 276,00 | 578 276,00 |  |  |  |  |
| Clearway Energy Inc | USD |  | 3 950,00 | 3 950,00 |  |  |  |  |
| Coca-Cola Co/The | USD |  | 2 370,00 | 2 370,00 |  |  |  |  |
| Constellation Brands Inc | USD |  | 109 000,00 |  | 109 000,00 | 23 784 890,00 | 2,59 |  |
| CoStar Group Inc | USD |  | 39 300,00 | 35 362,00 | 3 938,00 | 3 642 492,48 | 0,40 |  |
| Danaher Corp | USD |  | 158 000,00 | 158 000,00 |  |  |  |  |
| Deere & Co | USD |  | 72 546,00 | 72 546,00 |  |  |  |  |
| Dell Technologies Inc | USD |  | 256 369,00 |  | 256 369,00 | 18 586 752,50 | 2,02 |  |
| Dollar General Corp | USD |  | 102 900,00 | 102 900,00 |  |  |  |  |
| Humana Inc | USD |  | 161 869,00 | 161 869,00 |  |  |  |  |
| Intuit Inc | USD |  | 81 000,00 | 81 000,00 |  |  |  |  |
| Intuitive Surgical Inc | USD |  | 29 000,00 |  | 29 000,00 | 23 643 700,00 | 2,57 |  |
| IQVIA Holdings Inc | USD |  | 98 000,00 |  | 98 000,00 | 17 396 960,00 | 1,89 |  |
| JPMorgan Chase & Co | USD |  | 1 171,00 | 1 171,00 |  |  |  |  |
| Kansas City Southern | USD |  | 205 100,00 | 205 100,00 |  |  |  |  |
| L Brands Inc | USD |  | 339 059,00 | 339 059,00 |  |  |  |  |
| Laboratory Corp of America Holdings | USD |  | 570,00 | 570,00 |  |  |  |  |
| Las Vegas Sands Corp | USD |  | 2 378,00 | 2 378,00 |  |  |  |  |
| Marsh & McLennan Cos Inc | USD |  | 1 105,00 | 1 105,00 |  |  |  |  |
| Mastercard Inc | USD |  | 272 000,00 | 272 000,00 |  |  |  |  |
| McKesson Corp | USD |  | 75 000,00 |  | 75 000,00 | 13 006 500,00 | 1,42 |  |
| MercadoLibre Inc | USD |  | 87,00 | 87,00 |  |  |  |  |
| Microsoft Corp | USD |  | 352 556,00 | 202 188,00 | 150 368,00 | 33 333 578,24 | 3,63 |  |
| Mohawk Industries Inc | USD |  | 1 223,00 | 1 223,00 |  |  |  |  |
| Monolithic Power Systems Inc | USD |  | 31 000,00 | 31 000,00 |  |  |  |  |
| Mosaic Co/The | USD |  | 1 564 595,00 | 1 296 457,00 | 268 138,00 | 5 941 938,08 | 0,65 |  |
| NIKE Inc | USD |  | 556 270,00 |  | 556 270,00 | 78 756 706,60 | 8,57 |  |
| NVIDIA Corp | USD |  | 218,00 | 218,00 |  |  |  |  |
| NVR Inc | USD |  | 28,00 | 28,00 |  |  |  |  |
| Palo Alto Networks Inc | USD |  | 497,00 | 497,00 |  |  |  |  |
| Performance Food Group Co | USD |  | 3 387,00 | 3 387,00 |  |  |  |  |
| Pool Corp | USD |  | 89 700,00 | 89 700,00 |  |  |  |  |
| Proofpoint Inc | USD |  | 1 103,00 | 1 103,00 |  |  |  |  |
| Public Service Enterprise Group Inc | USD |  | 1 905,00 | 1 905,00 |  |  |  |  |
| QUALCOMM Inc | USD |  | 191 000,00 |  | 191 000,00 | 28 640 450,00 | 3,12 |  |
| Scientific Games Corp/DE | USD |  | 1 729 022,00 | 757 385,00 | 971 637,00 | 40 429 815,57 | 4,40 |  |
| ServiceNow Inc | USD |  | 223,00 | 223,00 |  |  |  |  |
| Sonos Inc | USD |  | 1 959 845,00 | 1 217 533,00 | 742 312,00 | 17 399 793,28 | 1,89 |  |
| Take-Two Interactive Software Inc | USD |  | 699,00 | 699,00 |  |  |  |  |
| Target Corp | USD |  | 104 000,00 |  | 104 000,00 | 18 083 520,00 | 1,97 |  |
| Thermo Fisher Scientific Inc | USD |  | 68 300,00 | 68 300,00 |  |  |  |  |
| TripAdvisor Inc | USD |  | 5 865,00 | 5 865,00 |  |  |  |  |
| Twilio Inc | USD |  | 394,00 | 394,00 |  |  |  |  |
| Twitter Inc | USD |  | 2 170,00 | 2 170,00 |  |  |  |  |
| UnitedHealth Group Inc | USD |  | 82 000,00 |  | 82 000,00 | 28 289 180,00 | 3,08 |  |
| Vertex Pharmaceuticals Inc | USD |  | 121 000,00 |  | 121 000,00 | 28 154 280,00 | 3,06 |  |
| Viatris Inc | USD |  | 414 407,00 |  | 414 407,00 | 7 513 198,91 | 0,82 |  |
| Walt Disney Co/The | USD |  | 542 024,00 | 542 024,00 |  |  |  |  |
| Zoom Video Communications Inc | USD |  | 142,00 | 142,00 |  |  |  |  |
| Total Vereinigte Staaten von Amerika |  |  |  |  |  | 715 154 668,69 | 77,83 |  |
| Total Aktien |  |  |  |  |  | 889 636 686,62 | 96,82 |  |
| Total Wertschriften |  |  |  |  |  | 889 636 686,62 | 96,82 |  |
| (davon ausgeliehen |  |  |  |  |  | 0,00 | 0,00) |  |
|  |  |  |  |  |  |  |  |  |
| Derivative Finanzinstrumente |  |  |  |  |  | 28 563 782,60 | 3,11 |  |
| Sonstige Vermögenswerte |  |  |  |  |  | 632 447,33 | 0,07 |  |
| Gesamtfondsvermögen |  |  |  |  |  | 918 832 916,55 | 100,00 |  |
|  |  |  |  |  |  |  |  |  |
| Kurzfristige Bankverbindlichkeiten |  |  |  |  |  | -10,23 |  |  |
| Andere Verbindlichkeiten |  |  |  |  |  | -632 447,47 |  |  |
| Nettofondsvermögen |  |  |  |  |  | 918 200 458,85 |  |  |
| Bewertungskategorie |  |  |  |  |  | Verkehrswert per |  | in % |
|  |  |  |  |  |  | 31.12.2020 |  | des Gesamt- |
|  |  |  |  |  |  |  |  | fondsvermö- gens 3 |
| Anlagen bewertet zu den Kursen, die am Hauptmarkt bezahlt werden |  |  |  |  |  | 889 636 686,62 |  | 96,82 |
| Anlagen bewertet aufgrund von am Markt beobachtbaren Parametern |  |  |  |  |  | 28 563 782,60 |  | 3,11 |
| Anlagen bewertet mit geeigneten Bewertungsmodellen unter Berücksichtigung der |  |  |  |  |  | - |  | - |
| aktuellen Marktgegebenheiten |  |  |  |  |  |  |  |  |
| Total |  |  |  |  |  | 918 200 469,22 |  | 99,93 |

1 «Käufe» umfassen die Transaktionen: Gratistitel / Käufe / Konversionen / Namensänderungen / «Splits» / Stock-/Wahldividenden / Titelaufteilungen / Überträge / Umbuchungen infolge Redenominierung in Euro / Umtausch zwischen Gesellschaften / Zuteilung aus Bezugs-/Optionsrechten / Zuteilung von Bezugsrechten ab Basistiteln / Sacheinlagen
2 «Verkäufe» umfassen die Transaktionen: Auslosungen / Ausbuchung infolge Verfall / Ausübung von Bezugs-/Optionsrechten / «Reverse splits» / Rückzahlungen / Überträge / Umbuchungen infolge Redenominierung in Euro / Umtausch zwischen Gesellschaften / Verkäufe / Sachauslagen
3 Allfällige Abweichungen in den Totalisierungen sind auf Rundungsdifferenzen zurückzuführen
4 Die als Sicherheiten erhaltenen Wertpapiere werden nicht im Nettofondsvermögen bilanziert. Als Sicherheiten werden zugelassen:
- fest oder variabel verzinsliche Schuldverschreibungen, welche ein langfristiges aktuelles Rating einer von der Aufsichtsbehörde anerkannten Rating-Agentur von mindestens «A-», «A3» oder gleichwertig aufweisen
- Aktien, die an einer Börse oder an einem anderen geregelten, dem Publikum offen stehenden Markt der Schweiz, eines Mitgliedstaates der Europäischen Union, eines Vertragsstaates des Abkommens über den Europäischen Wirtschaftsraum, der Vereinigten Staaten von Amerika (USA), Norwegen oder Kanada gehandelt werden und in einem repräsentativen Index für hochkapitalisierte Werte enthalten sind.

| * bewertet zu den Kursen, die am Hauptmarkt bezahlt werden (Art. 88 Abs. 1 KAG) ** bewertet aufgrund von am Markt beobachtbaren Parametern |  |
| --- | --- |
| Derivative Finanzinstrumente |
| Gemäss KKV-FINMA Art. 23 |
| Obige Angaben können Rundungsdifferenzen enthalten. |
| Instrument | Nominal | Währung | Deckung in USD | Wiederbeschaf- fungswert in USD | In % des Vermögens |
| Zinssatz-Swaps/Credit Default Swaps/Total Return Swaps |  |  |  |  |  |
| Total Return Swap 30.07.21 | -92 231 057 | CHF | -104 518 500,00 | -104 518 500,00 | -11,38 |
| Total Return Swap 30.07.21 | 92 231 057 | CHF | 104 518 500,00 | 104 518 500,00 | 11,38 |
| Total Return Swap 30.07.21 | 722 693 | CHF | 93 905 036,27 | 93 905 036,27 | 10,22 |
| Total Return Swap 30.07.21 | -722 693 | CHF | -91 318 298,11 | -91 318 298,11 | -9,94 |
| Total Return Swap 30.07.21 | 3 632 | CHF | 471 885,25 | 471 885,25 | 0,05 |
| Total Return Swap 30.07.21 | -123 550 571 | EUR | -152 053 024,16 | -152 053 024,16 | -16,55 |
| Total Return Swap 30.07.21 | 123 550 571 | EUR | 152 053 024,16 | 152 053 024,16 | 16,55 |
| Total Return Swap 30.07.21 | 894 382 | EUR | 126 090 233,77 | 126 090 233,77 | 13,72 |
| Total Return Swap 30.07.21 | -894 382 | EUR | -122 327 859,13 | -122 327 859,13 | -13,31 |
| Total Return Swap 30.07.21 | 4 494 | EUR | 633 619,26 | 633 619,26 | 0,07 |
| Total Return Swap 30.07.21 | -2 242 405 | GBP | -3 053 399,16 | -3 053 399,16 | -0,33 |
| Total Return Swap 30.07.21 | 2 242 405 | GBP | 3 053 399,16 | 3 053 399,16 | 0,33 |
| Total Return Swap 30.07.21 | 14 717 | GBP | 2 297 335,67 | 2 297 335,67 | 0,25 |
| Total Return Swap 30.07.21 | -14 717 | GBP | -2 220 212,96 | -2 220 212,96 | -0,24 |
| Total Return Swap 30.07.21 | 74 | GBP | 11 545,18 | 11 545,18 | 0,00 |
| Total Return Swap 30.07.21 | -680 504 884 | USD | -680 861 447,66 | -680 861 447,66 | -74,10 |
| Total Return Swap 30.07.21 | 680 504 884 | USD | 680 861 447,66 | 680 861 447,66 | 74,10 |
| Total Return Swap 30.07.21 | 6 294 180 | USD | 691 316 848,64 | 691 316 848,64 | 75,24 |
| Total Return Swap 30.07.21 | -6 294 180 | USD | -673 770 305,81 | -673 770 305,81 | -73,33 |
| Total Return Swap 30.07.21 | 31 629 | USD | 3 473 954,57 | 3 473 954,57 | 0,38 |
|  |  |  | 28 563 782,60 | 28 563 782,60 | 3,11 |
| Durch derivative Transaktionen gebundene geldnahe Mittel: USD 28 563 782,60 |  |  |  |  |  |
| Obige Angaben können Rundungsdifferenzen enthalten. |  |  |  |  |  |
| Während der Berichtsperiode getätigte engagementerhöhende | Derivate |  |  |  |  |
| Instrument | Währung | Käufe/ Kontrakte | Verkäufe/ Kontrakte |  |  |
| Zinssatz-Swaps/Credit Default Swaps/Total Return Swaps |  |  |  |  |  |
| Total Return Swap 30.07.21 | CHF | 4 538 496,26 | 96 769 553,60 |  |  |
| Total Return Swap 30.07.21 | CHF | 96 769 553,60 | 4 538 496,26 |  |  |
| Total Return Swap 30.07.21 | CHF | 953 454,69 | 230 761,32 |  |  |
| Total Return Swap 30.07.21 | CHF | 230 761,32 | 953 454,69 |  |  |
| Total Return Swap 30.07.21 | CHF | 1 010 094,32 | 1 006 462,69 |  |  |
| Total Return Swap 30.07.21 | EUR | 4 674 696,81 | 128 225 267,34 |  |  |
| Total Return Swap 30.07.21 | EUR | 128 225 267,34 | 4 674 696,81 |  |  |
| Total Return Swap 30.07.21 | EUR | 1 144 946,09 | 250 564,47 |  |  |
| Total Return Swap 30.07.21 | EUR | 250 564,47 | 1 144 946,09 |  |  |
| Total Return Swap 30.07.21 | EUR | 1 197 994,47 | 1 193 500,09 |  |  |
| Total Return Swap 30.07.21 | GBP | 120 490,11 | 2 362 894,85 |  |  |
| Total Return Swap 30.07.21 | GBP | 2 362 894,85 | 120 490,11 |  |  |
| Total Return Swap 30.07.21 | GBP | 21 340,09 | 6 623,05 |  |  |
| Total Return Swap 30.07.21 | GBP | 6 623,05 | 21 340,09 |  |  |
| Total Return Swap 30.07.21 | GBP | 22 018,05 | 21 944,09 |  |  |
| Total Return Swap 30.07.21 | USD | 278 017 937,03 | 958 522 820,55 |  |  |
| Total Return Swap 30.07.21 | USD | 958 522 820,55 | 278 017 937,03 |  |  |
| Total Return Swap 30.07.21 | USD | 8 985 558,94 | 2 691 378,99 |  |  |
| Total Return Swap 30.07.21 | USD | 2 691 378,99 | 8 985 558,94 |  |  |
| Total Return Swap 30.07.21 | USD | 11 772 244,99 | 11 740 615,94 |  |  |


## Ergänzende Angaben Derivative Finanzinstrumente
Risikomessverfahren Commitment-Ansatz I: Art. 34 KKV-FINMA
Position	Betrag
in % des Netto-
berechnet und drückt die Gesamtheit derjenigen Kommis- sionen und Kosten, die laufend dem Fondsvermögen belastet werden (Betriebsaufwand), retrospektiv in einem %-Satz des Fonds vermögens aus.
TER annualisiert:
	USD	fondsvermögens
Total engagementerhöhende
| Positionen | 1 858 686 829,90 | 2,02 |
| --- | --- | --- |
| Total engagementreduzierende Positionen | 1 830 123 047,00 | 1,99 |


## Pensionsgeschäfte
Per Bilanzstichtag waren keine Effekten in Pension gegeben.

## Vergütung an die Fondsleitung
Siehe separate Aufstellung am Ende des Berichtes.

## Soft Commission Arrangements
Die Fondsleitung hat keine Vereinbarungen bezüglich «soft commission arrangements» geschlossen.

## Total Expense Ratio (TER)
Diese Kennziffer wurde gemäss der «Richtlinie zur Berech- nung und Offenlegung der Total Expense Ratio (TER) von kollektiven Kapitalanlagen» der Asset Management Asso- ciation Switzerland (AMAS) / Swiss Funds & Asset Manage- ment Association (SFAMA) in der aktuell gültigen Fassung
- (USD) A-acc	0,12%
- (hedged to CHF) A-acc	0,12%
- (hedged to EUR) A-acc	0,12%
- (hedged to GBP) A-acc	0,12%


## Swap Kosten
Diese Kennziffer drückt die Gesamtheit der von der Swap Gegenpartei belasteten Kosten aus, die laufend dem Fonds- vermögen retrospektiv in einem %-Satz des Fondsvermö- gens belastet werden. Die Swap Kosten werden dem Fonds- vermögen zusätzlich zur TER belastet.
Swap Kosten für die letzten 12 Monate:	0,09%

## Grundsätze der Bewertung und der Nettoinventar- wertberechnung
Siehe Anhang zu Ergänzende Angaben.
Umrechnungskurs
| CHF | 1 | = | USD | 1,132631 |
| --- | --- | --- | --- | --- |
| EUR | 1 | = | USD | 1,230050 |
| GBP | 1 | = | USD | 1,360950 |
| USD | 1 | = | USD | 1,000000 |