# UBS (Lux) Strategy SICAV
– Income Sustainable (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2022 | 31.5.2022 | 31.5.2021 |
| Net assets in USD |  | 89 945 478.22 | 99 758 473.54 | 126 960 186.18 |
| Class K-1-acc | LU1097765488 |  |  |  |
| Shares outstanding |  | 3.9000 | 3.9000 | 6.2000 |
| Net asset value per share in USD |  | 5 657 972.24 | 5 838 586.88 | 6 352 319.80 |
| Issue and redemption price per share in USD 1 |  | 5 657 972.24 | 5 838 586.88 | 6 352 319.80 |
| Class P-6%-mdist 2 | LU2536444438 |  |  |  |
| Shares outstanding |  | 100.0000 | - | - |
| Net asset value per share in USD |  | 104.40 | - | - |
| Issue and redemption price per share in USD 1 |  | 104.40 | - | - |
| Class (HKD) P-6%-mdist 2 | LU2536444511 |  |  |  |
| Shares outstanding |  | 75.0000 | - | - |
| Net asset value per share in HKD |  | 1 038.03 | - | - |
| Issue and redemption price per share in HKD 1 |  | 1 038.03 | - | - |
| Class P-acc | LU0994951548 |  |  |  |
| Shares outstanding |  | 503 687.4330 | 547 628.3330 | 568 236.3420 |
| Net asset value per share in USD |  | 113.53 | 117.40 | 128.27 |
| Issue and redemption price per share in USD 1 |  | 113.53 | 117.40 | 128.27 |
| Class P-dist | LU0994670023 |  |  |  |
| Shares outstanding |  | 32 747.0880 | 33 039.1680 | 34 789.4850 |
| Net asset value per share in USD |  | 103.28 | 107.02 | 118.61 |
| Issue and redemption price per share in USD 1 |  | 103.28 | 107.02 | 118.61 |
| Class Q-acc | LU1240801693 |  |  |  |
| Shares outstanding |  | 63 147.1120 | 75 514.3090 | 79 977.6720 |
| Net asset value per share in USD |  | 113.88 | 117.44 | 127.61 |
| Issue and redemption price per share in USD 1 |  | 113.88 | 117.44 | 127.61 |
| Class Q-dist | LU1240801776 |  |  |  |
| Shares outstanding |  | 1 006.3240 | 2 776.2880 | 3 060.2880 |
| Net asset value per share in USD |  | 101.46 | 105.10 | 116.73 |
| Issue and redemption price per share in USD 1 |  | 101.46 | 105.10 | 116.73 |
| 1  See note 1 2  First NAV: 17.10.2022 |  |  |  |  |


## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
Luxembourg	86.61
Ireland	10.98
Economic Breakdown as a % of net assets	
Investment funds	97.59
Total	97.59
UBS (Lux) Strategy SICAV – Income Sustainable (USD) Semi-Annual Report as of 30 November 2022

## Statement of Net Assets
Assets	30.11.2022
USD
Investments in securities, cost	97 146 495.61
| Investments in securities, unrealized appreciation (depreciation) | 	-9 372 854.42	 |
| --- | --- |
| Total investments in securities (Note 1) | 87 773 641.19 |
| Cash at banks, deposits on demand and deposit accounts | 2 600 788.39 |
| Receivable on subscriptions | 146.71 |
| Interest receivable on liquid assets | 77.81 |
| Prepaid expenses | 29 017.84 |
| Total Assets | 90 403 671.94 |
|  |  |
| Liabilities |  |
| Unrealized loss on forward foreign exchange contracts (Note 1) | -359 010.63 |
| Bank overdraft | -0.79 |
| Provisions for flat fee (Note 2) | -84 402.79 |
| Provisions for taxe d’abonnement (Note 3) | -998.27 |
| Provisions for other commissions and fees (Note 2) | 	-13 781.24	 |
| Total provisions | -99 182.30 |
| Total Liabilities | -458 193.72 |
|  |  |
| Net assets at the end of the period | 89 945 478.22 |
| Statement of Operations | USD |
| Income | 1.6.2022-30.11.2022 |
| Interest on liquid assets | 3 179.28 |
| Dividends | 17 370.85 |
| Other income (Note 4) | 4 004.61 |
| Total income | 24 554.74 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -536 969.43 |
| Taxe d’abonnement (Note 3) | -2 997.42 |
| Other commissions and fees (Note 2) | -13 777.99 |
| Interest on cash and bank overdraft | -585.42 |
| Total expenses | -554 330.26 |
|  |  |
| Net income (loss) on investments | -529 775.52 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | -2 481 265.58 |
| Realized gain (loss) on options | -75.00 |
| Realized gain (loss) on forward foreign exchange contracts | 1 742 004.09 |
| Realized gain (loss) on foreign exchange | -124 137.46 |
| Total realized gain (loss) | -863 473.95 |
|  |  |
| Net realized gain (loss) of the period | -1 393 249.47 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | -1 472 505.12 |
| Unrealized appreciation (depreciation) on options | -20 420.00 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -343 058.78 |
| Total changes in unrealized appreciation (depreciation) | -1 835 983.90 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | -3 229 233.37 |

UBS (Lux) Strategy SICAV – Income Sustainable (USD) Semi-Annual Report as of 30 November 2022
| Statement of Changes in Net Assets |  |
| --- | --- |
|  |  | USD |
|  |  | 1.6.2022-30.11.2022 |
| Net assets at the beginning of the period |  | 99 758 473.54 |
| Subscriptions |  | 86 859.63 |
| Redemptions |  | 	-6 661 957.86	 |
| Total net subscriptions (redemptions) |  | -6 575 098.23 |
| Dividend paid |  | -8 663.72 |
| Net income (loss) on investments |  | -529 775.52 |
| Total realized gain (loss) |  | -863 473.95 |
| Total changes in unrealized appreciation (depreciation) |  | 	-1 835 983.90	 |
| Net increase (decrease) in net assets as a result of operations |  | -3 229 233.37 |
| Net assets at the end of the period |  | 89 945 478.22 |
| Changes in the Number of Shares outstanding |  |  |
|  |  | 1.6.2022-30.11.2022 |
| Class |  | K-1-acc |
| Number of shares outstanding at the beginning of the period |  | 3.9000 |
| Number of shares issued |  | 0.0000 |
| Number of shares redeemed |  | 0.0000 |
| Number of shares outstanding at the end of the period |  | 3.9000 |
| Class |  | P-6%-mdist |
| Number of shares outstanding at the beginning of the period |  | 0.0000 |
| Number of shares issued |  | 100.0000 |
| Number of shares redeemed |  | 0.0000 |
| Number of shares outstanding at the end of the period |  | 100.0000 |
| Class |  | (HKD) P-6%-mdist |
| Number of shares outstanding at the beginning of the period |  | 0.0000 |
| Number of shares issued |  | 75.0000 |
| Number of shares redeemed |  | 0.0000 |
| Number of shares outstanding at the end of the period |  | 75.0000 |
| Class |  | P-acc |
| Number of shares outstanding at the beginning of the period |  | 547 628.3330 |
| Number of shares issued |  | 447.8280 |
| Number of shares redeemed |  | -44 388.7280 |
| Number of shares outstanding at the end of the period |  | 503 687.4330 |
| Class |  | P-dist |
| Number of shares outstanding at the beginning of the period |  | 33 039.1680 |
| Number of shares issued |  | 0.5020 |
| Number of shares redeemed |  | -292.5820 |
| Number of shares outstanding at the end of the period |  | 32 747.0880 |
| Class |  | Q-acc |
| Number of shares outstanding at the beginning of the period |  | 75 514.3090 |
| Number of shares issued |  | 0.0000 |
| Number of shares redeemed |  | -12 367.1970 |
| Number of shares outstanding at the end of the period |  | 63 147.1120 |
| Class |  | Q-dist |
| Number of shares outstanding at the beginning of the period |  | 2 776.2880 |
| Number of shares issued |  | 160.0000 |
| Number of shares redeemed |  | -1 929.9640 |
| Number of shares outstanding at the end of the period |  | 1 006.3240 |
| Annual Distribution 1 |  |  |
| UBS (Lux) Strategy SICAV – Income Sustainable (USD)	Ex-Date | Pay-Date | Currency	Amount per share |
| P-dist	1.8.2022 | 4.8.2022 | USD	0.22 |
| Q-dist	1.8.2022 | 4.8.2022 | USD	0.48 |
| Monthly Distribution 1 |  |  |
| UBS (Lux) Strategy SICAV – Income Sustainable (USD)	Ex-Date | Pay-Date | Currency	Amount per share |
| P-6%-mdist	10.11.2022 | 15.11.2022 | USD	0.22 |
| (HKD) P-6%-mdist	10.11.2022 | 15.11.2022 | HKD	2.29 |
| 1  See note 5 |  |  |

UBS (Lux) Strategy SICAV – Income Sustainable (USD) Semi-Annual Report as of 30 November 2022

## Statement of Investments in Securities and other Net Assets as of 30 November 2022
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |

UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010
Investment funds, open end
| Ireland |  |
| --- | --- |
| USD | FEDERATED HERMES SDG ENGAGEMENT HIGH-M- USD | 936 486.00 | 1 804 983.12 | 2.01 |
| USD | RECORD UCITS ICAV-RECORD EM SUSTAINABLE FINANCE FUND-A-USD | 27 429.00 | 2 646 860.10 | 2.94 |
| CHF | UBS IRL ETF PIC-MSCI ACWI ESG UNIVERSAL UCITS ETF A-DIST | 132 852.00 | 1 742 728.21 | 1.94 |
| USD | UBS IRL ETF PLC - GLOBAL GENDER EQUALITY UCITS ETF-A | 229 374.00 | 3 677 782.72 | 4.09 |
| Total Ireland |  | 9 872 354.15 | 10.98 |
| Luxembourg |  |  |  |
| USD	FOCUSED FUND - CORPORATE BOND SUSTAINABLE USD U-X-ACC | 509.00 | 4 623 476.05 | 5.14 |
| USD	FOCUSED SICAV - US CORPORATE BOND SUSTAINABLE USD U-X-ACC | 89.00 | 802 172.13 | 0.89 |
| USD	FOCUSED SICAV - WORLD BANK LONG TERM BOND USD U-X-ACC | 1 684.00 | 14 689 548.84 | 16.33 |
| USD	FOCUSED SICAV - WORLD BANK BOND USD U-X-ACC | 1 016.00 | 9 551 700.48 | 10.62 |
| USD	UBS (LUX) BD SICAV-USD INVES GRA CORPOR SUSTAI (USD) U-X-ACC | 1 458.00 | 16 201 018.98 | 18.01 |
| EUR	UBS (LUX) BOND SICAV - GREEN SOC SUSTAINABLE BD(EUR)U-X-ACC | 1 529.50 | 13 392 159.43 | 14.89 |
| USD	UBS (LUX) EQUITY FUND-GLBAL SUSTAINABLE IMPRO (USD) U-X-ACC | 316.00 | 2 644 743.04 | 2.94 |
| USD	UBS (LUX) EQUITY SICAV - GL HI DIV (USD)-I-X-ACC | 4 607.00 | 1 181 787.64 | 1.31 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL OPPORTUNITY (USD) U-X-ACC | 165.00 | 1 774 900.05 | 1.97 |
| USD	UBS (LUX) EQUITY SICAV - ACTIVE CLIMATE AWARE (USD) I-X-ACC | 11 371.00 | 1 460 036.40 | 1.62 |
| USD	UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) U-X-ACC | 166.00 | 1 469 690.96 | 1.64 |
| USD	UBS (LUX) EQUITY SICAV - ENGAGE FOR IMPACT (USD) U-X-ACC | 532.00 | 4 345 131.28 | 4.83 |
| USD	UBS (LUX) FD SOL - SUS DEVELOP BANK BDS UCITS-ETF-A-A | 332 575.00 | 3 619 746.30 | 4.03 |
| USD	UBS (LUX) MONEY MARKET FUND - USD SUSTAINABLE U-X-ACC | 188.50 | 2 144 745.46 | 2.39 |
| Total Luxembourg |  | 77 900 857.04 | 86.61 |
| Total Investment funds, open end |  | 87 773 211.19 | 97.59 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  | 87 773 211.19 | 97.59 |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Options on indices, classic-styled |  |  |  |
| USD |  |  |  |
| USD	S&P 500 INDEX PUT 3500.00000 16.12.22 | 5.00 | 755.00 | 0.00 |
| USD	S&P 500 INDEX PUT 2800.00000 16.12.22 | 5.00 | 75.00 | 0.00 |
| USD	S&P 500 INDEX PUT 3150.00000 16.12.22 | -10.00 | -400.00 | 0.00 |
| Total USD |  | 430.00 | 0.00 |
| Total Options on indices, classic-styled |  | 430.00 | 0.00 |
| Total Derivative instruments listed on an official stock exchange |  | 430.00 | 0.00 |
| Total investments in securities |  | 87 773 641.19 | 97.59 |
| Forward Foreign Exchange contracts |  |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| USD | 85 493.02 | DKK | 650 000.00 | 12.1.2023 | -4 829.37 | -0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| AUD | 469 876.66 | USD | 295 080.66 | 12.1.2023 | 20 198.46 | 0.02 |
| CAD | 146 118.20 | USD | 105 698.41 | 12.1.2023 | 2 164.00 | 0.00 |
| USD | 27 839.44 | SGD | 40 000.00 | 12.1.2023 | -1 359.81 | 0.00 |
| USD | 207 441.92 | NOK | 2 227 981.75 | 12.1.2023 | -16 328.23 | -0.02 |
| CHF | 733 028.90 | USD | 741 768.72 | 12.1.2023 | 31 959.99 | 0.05 |
| USD | 91 307.55 | SEK | 1 027 396.45 | 12.1.2023 | -5 342.53 | -0.01 |
| USD | 95 052.25 | HKD | 745 000.00 | 12.1.2023 | -357.62 | 0.00 |
| USD | 326 990.45 | GBP | 295 099.49 | 12.1.2023 | -24 988.03 | -0.03 |
| USD | 8 370.30 | NZD | 15 000.00 | 12.1.2023 | -952.40 | 0.00 |
| USD | 377 671.18 | JPY | 54 405 037.00 | 12.1.2023 | -14 501.36 | -0.01 |
| USD | 8 009 113.59 | EUR | 8 184 114.51 | 12.1.2023 | -448 035.69 | -0.50 |
| AUD | 1 390 600.40 | NZD | 1 546 000.00 | 12.1.2023 | -27 772.00 | -0.03 |
| EUR | 186 000.00 | USD | 183 401.77 | 12.1.2023 | 8 803.48 | 0.01 |
| USD | 8 468 719.86 | EUR | 8 064 008.25 | 16.2.2023 | 115 747.64 | 0.13 |
| AUD | 165 909.76 | USD | 112 673.15 | 16.2.2023 | -1 189.93 | 0.00 |
| USD | 29 279.54 | SGD | 40 000.00 | 16.2.2023 | 65.39 | 0.00 |
| USD | 92 723.19 | HKD | 725 000.00 | 16.2.2023 | -135.31 | 0.00 |
| USD | 225 942.28 | NOK | 2 239 521.10 | 16.2.2023 | 731.51 | 0.00 |
| USD | 105 193.30 | DKK | 745 000.00 | 16.2.2023 | 1 383.12 | 0.00 |
| USD | 99 774.18 | SEK | 1 032 697.98 | 16.2.2023 | 2 430.56 | 0.00 |
| USD | 389 964.68 | JPY | 53 706 392.00 | 16.2.2023 | 1 089.90 | 0.00 |
| USD | 801 952.43 | GBP | 672 058.68 | 16.2.2023 | -312.62 | 0.00 |
| USD | 961 446.18 | NZD | 1 556 000.00 | 16.2.2023 | -6 087.21 | -0.01 |
| CHF | 649 974.58 | USD | 699 390.88 | 16.2.2023 | -10 711.61 | -0.01 |
| USD | 679 425.08 | CAD | 899 617.78 | 16.2.2023 | 15 015.38 | 0.02 |
| USD | 102 579.37 | CHF | 96 500.00 | 16.2.2023 | 332.99 | 0.00 |
| USD | 102 177.06 | CHF | 96 500.00 | 12.1.2023 | 319.11 | 0.00 |

UBS (Lux) Strategy SICAV – Income Sustainable (USD) Semi-Annual Report as of 30 November 2022
| Description	Quantity/ | Valuation in USD | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |

Forward Foreign Exchange contracts (Continued)
Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date
| USD | 79 112.05 | EUR | 76 000.00 | 12.1.2023 | 576.57 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| NOK | 500 000.00 | USD | 49 261.76 | 12.1.2023 | 956.37 | 0.00 |
| NOK | 500 000.00 | USD | 49 320.07 | 16.2.2023 | 960.94 | 0.00 |
| USD | 79 312.31 | EUR | 76 000.00 | 16.2.2023 | 588.94 | 0.00 |
| NZD | 722 000.00 | AUD | 667 677.74 | 16.2.2023 | 297.66 | 0.00 |
| NZD | 723 000.00 | AUD | 669 165.63 | 12.1.2023 | 354.93 | 0.00 |
| USD | 466 961.47 | AUD | 695 000.00 | 16.2.2023 | -44.43 | 0.00 |
| NZD | 815 000.00 | USD | 506 518.43 | 12.1.2023 | 15.09 | 0.00 |
| NZD | 815 000.00 | USD | 506 772.71 | 16.2.2023 | 0.89 | 0.00 |
| USD | 466 277.59 | AUD | 695 000.00 | 12.1.2023 | -55.40 | 0.00 |
| Total Forward Foreign Exchange contracts | -359 010.63 | -0.40 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 2 600 788.39 | 2.89 |
| Bank overdraft and other short-term liabilities | -0.79 | 0.00 |
| Other assets and liabilities | -69 939.94 | -0.08 |
| Total net assets | 89 945 478.22 | 100.00 |

UBS (Lux) Strategy SICAV – Income Sustainable (USD) Semi-Annual Report as of 30 November 2022

Translation (ENFR, 2022-11-30):
# UBS (Lux) Strategy SICAV
– Fixed Income Sustainable (EUR)
| Données principales |  |
| --- | --- |
|  | ISIN | 30.11.2022 | 31.5.2022 | 31.5.2021 |
| Actif net en EUR |  | 33 249 057.54 | 36 646 343.84 | 46 565 668.42 |
| Catégorie P-acc | LU0042744747 |  |  |  |
| Actions en circulation |  | 154 414.2580 | 163 009.2580 | 188 335.1020 |
| Valeur nette d’inventaire par action en EUR |  | 196.82 | 206.19 | 225.17 |
| Prix d’émission et de rachat par action en EUR 1 |  | 196.82 | 206.19 | 225.17 |
| Catégorie Q-acc | LU0943062561 |  |  |  |
| Actions en circulation |  | 29 654.3730 | 30 131.4780 | 37 961.7510 |
| Valeur nette d’inventaire par action en EUR |  | 96.36 | 100.73 | 109.54 |
| Prix d’émission et de rachat par action en EUR 1 |  | 96.36 | 100.73 | 109.54 |
| 1  Voir note 1 |  |  |  |  |


## Structure du portefeuille-titres
Répartition géographique en % de l’actif net	
| Luxembourg | 58.69 |
| --- | --- |
| Irlande | 12.14 |
| Supranational | 10.83 |
| Etats-Unis | 10.31 |
| Philippines | 4.44 |
| Grande-Bretagne | 1.33 |
| Côte d’Ivoire | 0.78 |
| Total | 98.52 |

Répartition économique en % de l’actif net	
Fonds de placement	70.83
Organisations supranationales	27.69
UBS (Lux) Strategy SICAV – Fixed Income Sustainable (EUR) Rapport semestriel au 30 novembre 2022

## Etat des actifs nets
Actif	30.11.2022
EUR
Portefeuille-titres, cours d’achat	33 660 287.97
| Portefeuille-titres, plus- (moins-) value non-réalisée | 	-902 906.37	 |
| --- | --- |
| Total portefeuille-titres (note 1) | 32 757 381.60 |
| Avoirs en banque, dépôts à vue et à terme | 370 574.53 |
| Intérêts à recevoir sur titres | 36 525.89 |
| Intérêts à recevoir sur liquidités | 5.69 |
| Frais payés d’avance | 56 855.93 |
| Bénéfice non réalisé sur contrats de change à terme (note 1) | 342 791.16 |
| Total Actif | 33 564 134.80 |
|  |  |
| Passif |  |
| Crédit en compte courant | -0.61 |
| A payer sur achats de titres (note 1) | -260 863.45 |
| A payer sur rachats | -19 642.00 |
| Provisions pour commission de gestion forfaitaire (note 2) | -28 392.04 |
| Provisions pour taxe d’abonnement (note 3) | -1 112.59 |
| Provisions pour autres commissions et frais (note 2) | 	-5 066.57	 |
| Total des Provisions pour frais | -34 571.20 |
| Total Passif | -315 077.26 |
|  |  |
| Actifs nets à la fin de la période | 33 249 057.54 |
| Etat des opérations | EUR |
| Revenus | 1.6.2022-30.11.2022 |
| Revenus d’intérêts sur liquidités | 5 055.68 |
| Intérêts sur titres | 64 214.37 |
| Revenus nets sur prêts de titres (note 10) | 1 973.81 |
| Autres revenus (note 4) | 1 311.20 |
| Total des Revenus | 72 555.06 |
|  |  |
| Charges |  |
| Commission de gestion forfaitaire (note 2) | -181 052.06 |
| Taxe d’abonnement (note 3) | -3 446.87 |
| Autres commissions et frais (note 2) | -5 002.90 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -4.36 |
| Total des Charges | -189 506.19 |
|  |  |
| Revenus (Pertes) net(te)s des investissements | -116 951.13 |
|  |  |
| Bénéfices (pertes) réalisé(e)s (note 1) |  |
| Bénéfice (perte) réalisé(e) sur titres évalués à la valeur de marché hors options | 212 402.68 |
| Bénéfice (perte) réalisé(e) sur contrats de change à terme | -1 352 269.08 |
| Bénéfice (perte) réalisé(e) de change réalisé(e) | -31 954.66 |
| Total des Bénéfices (pertes) réalisé(e)s | -1 171 821.06 |
|  |  |
| Bénéfice (perte) net(te) réalisé(e) au cours de la période | -1 288 772.19 |
|  |  |
| Variations des plus- (moins-) values non-réalisées (note 1) |  |
| Plus- (Moins-) value non réalisée sur titres évalués à la valeur de marché hors options | -673 359.99 |
| Plus- (Moins-) value non réalisée sur contrats de change à terme | 310 655.44 |
| Total des Variations des plus- (moins-) values non-réalisées | -362 704.55 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | -1 651 476.74 |

UBS (Lux) Strategy SICAV – Fixed Income Sustainable (EUR)
Rapport semestriel au 30 novembre 2022
| Variations de l’actif net |  |
| --- | --- |
|  | EUR |
|  | 1.6.2022-30.11.2022 |
| Actif net au début de la période | 36 646 343.84 |
| Souscriptions | 462.31 |
| Rachats | 	-1 746 271.87	 |
| Souscriptions (Rachats) net(te)s | -1 745 809.56 |
| Revenus (Pertes) net(te)s des investissements | -116 951.13 |
| Total des Bénéfices (pertes) réalisé(e)s | -1 171 821.06 |
| Total des Variations des plus- (moins-) values non-réalisées | 	-362 704.55	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | -1 651 476.74 |
| Actifs nets à la fin de la période | 33 249 057.54 |
| Evolution des actions en circulation |  |
|  | 1.6.2022-30.11.2022 |
| Catégorie | P-acc |
| Nombre d’actions en circulation au début de la période | 163 009.2580 |
| Nombre d’actions émises | 2.3080 |
| Nombre d’actions rachetées | -8 597.3080 |
| Nombre d’actions en circulation à la fin de la période | 154 414.2580 |
| Catégorie | Q-acc |
| Nombre d’actions en circulation au début de la période | 30 131.4780 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -477.1050 |
| Nombre d’actions en circulation à la fin de la période | 29 654.3730 |

UBS (Lux) Strategy SICAV – Fixed Income Sustainable (EUR) Rapport semestriel au 30 novembre 2022

## Etat du portefeuille-titres et autres actifs nets au 30 novembre 2022
| Dénomination | Nombre/ | Evaluation en EUR | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l'actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
| Titres et instruments du marché monétaire négociés sur une bourse officielle |  |  |  |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AFRICAN DEVELOPMENT BANK 0.87500% 21-23.03.26 | 200 000.00 | 174 109.55 | 0.52 |
| USD	ASIAN DEVELOPMENT BANK 2.62500% 19-30.01.24 | 250 000.00 | 237 333.43 | 0.71 |
| USD	EUROPEAN BANK FOR RECONSTR & DEVT 0.50000% 20-19.05.25 | 200 000.00 | 177 293.14 | 0.53 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.37500% 17-07.07.27 | 150 000.00 | 135 763.96 | 0.41 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.62500% 19-16.01.24 | 350 000.00 | 332 643.62 | 1.00 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.00000% 19-23.07.26 | 100 000.00 | 90 217.59 | 0.27 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 0.25000% 20-15.11.23 | 150 000.00 | 139 265.36 | 0.42 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 0.50000% 21-23.09.24 | 275 000.00 | 248 713.88 | 0.75 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 1.50000% 22-13.01.27 | 200 000.00 | 175 832.24 | 0.53 |
| USD	INTERNATIONAL BANK FOR REC & DEV 2.25000% 22-28.03.24 | 75 000.00 | 70 633.63 | 0.21 |
| USD	INTERNATIONAL BK FOR RECONST & DEV 0.87500% 21-15.07.26 | 100 000.00 | 86 560.85 | 0.26 |
| USD	INTERNATIONAL DEVELOPMENT ASSOC-REG-S 0.75000% 20-10.06.27 | 50 000.00 | 41 621.50 | 0.13 |
| USD	INTERNATIONAL DEVELOPMENT ASSOC-REG-S 0.37500% 20-23.09.25 | 50 000.00 | 43 603.60 | 0.13 |
| USD	INTERNATIONAL DEVELOPMENT ASSOC-REG-S 0.87500% 21-28.04.26 | 175 000.00 | 152 711.03 | 0.46 |
| USD	INTL BANK FOR RECONSTRUCTION & DEVT 0.25000% 20-24.11.23 | 125 000.00 | 116 291.96 | 0.35 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 1.50000% 19-28.08.24 | 250 000.00 | 230 595.05 | 0.69 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 19-19.03.24 | 275 000.00 | 259 917.93 | 0.78 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 1.62500% 20-15.01.25 | 175 000.00 | 160 899.42 | 0.49 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.50000% 20-28.10.25 | 300 000.00 | 262 173.87 | 0.79 |
| Total USD |  | 3 136 181.61 | 9.43 |
| Total des Billets, taux fixe |  | 3 136 181.61 | 9.43 |
| Medium-Term Notes, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AFRICAN DEVELOPMENT BANK 0.87500% 21-22.07.26 | 100 000.00 | 85 577.24 | 0.26 |
| USD	AFRICAN DEVELOPMENT BANK 3.37500% 22-07.07.25 | 100 000.00 | 94 890.53 | 0.29 |
| USD	AFRICAN DEVELOPMENT BANK 4.37500% 22-03.11.27 | 75 000.00 | 73 890.43 | 0.22 |
| USD	ASIAN DEVELOPMENT BANK 2.00000% 15-22.01.25 | 175 000.00 | 161 869.73 | 0.49 |
| USD	ASIAN DEVELOPMENT BANK 2.00000% 16-24.04.26 | 75 000.00 | 67 818.68 | 0.20 |
| USD	ASIAN DEVELOPMENT BANK 1.75000% 16-14.08.26 | 50 000.00 | 44 305.77 | 0.13 |
| USD	ASIAN DEVELOPMENT BANK 1.50000% 19-18.10.24 | 100 000.00 | 91 897.48 | 0.28 |
| USD	ASIAN DEVELOPMENT BANK 0.37500% 20-03.09.25 | 150 000.00 | 130 782.64 | 0.39 |
| USD	ASIAN DEVELOPMENT BANK 0.50000% 21-04.02.26 | 325 000.00 | 280 990.83 | 0.84 |
| USD	ASIAN DEVELOPMENT BANK 1.00000% 21-14.04.26 | 300 000.00 | 262 857.29 | 0.79 |
| USD	ASIAN DEVELOPMENT BANK 0.37500% 21-11.06.24 | 300 000.00 | 273 561.89 | 0.82 |
| USD	ASIAN DEVELOPMENT BANK 0.62500% 21-08.10.24 | 150 000.00 | 135 807.80 | 0.41 |
| USD	ASIAN DEVELOPMENT BANK 1.5000% 22-20.01.27 | 150 000.00 | 131 880.83 | 0.40 |
| USD	ASIAN DEVELOPMENT BANK 1.62500% 22-15.03.24 | 150 000.00 | 140 271.45 | 0.42 |
| USD	ASIAN DEVELOPMENT BANK 2.87500% 22-06.05.25 | 200 000.00 | 188 140.25 | 0.57 |
| USD	ASIAN DEVELOPMENT BANK 3.12500% 22-20.08.27 | 450 000.00 | 420 911.61 | 1.27 |
| USD	ASIAN DEVELOPMENT BANK 4.12500% 22-27.09.24 | 75 000.00 | 72 300.29 | 0.22 |
| USD	EUROPEAN BANK FOR RECONSTR & DEVT 0.50000% 20-25.11.25 | 225 000.00 | 195 225.75 | 0.59 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.00000% 16-02.06.26 | 100 000.00 | 90 408.73 | 0.27 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 1.75000% 20-14.03.25 | 175 000.00 | 160 678.86 | 0.48 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 0.87500% 20-03.04.25 | 175 000.00 | 157 301.25 | 0.47 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 0.87500% 21-20.04.26 | 150 000.00 | 130 800.87 | 0.39 |
| USD	INTERNATIONAL FINANCE CORP 0.37500% 20-16.07.25 | 175 000.00 | 153 995.44 | 0.46 |
| USD	INTERNATIONAL FINANCE CORP 0.75000% 21-08.10.26 | 200 000.00 | 170 806.87 | 0.51 |
| USD	INTERNATIONAL FINANCE CORP 3.62500% 22-15.09.25 | 75 000.00 | 71 694.10 | 0.22 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 1.87500% 16-27.10.26 | 100 000.00 | 89 220.00 | 0.27 |
| Total USD |  | 3 877 886.61 | 11.66 |
| Total des Medium-Term Notes, taux fixe |  | 3 877 886.61 | 11.66 |
| Obligations, taux fixe |  |  |  |
| USD |  |  |  |
| USD	ASIAN DEVELOPMENT BANK 0.62500% 20-29.04.25 | 100 000.00 | 89 060.40 | 0.27 |
| USD	EUROPEAN BANK FOR RECONSTR & DEVT 1.62500% 19-27.09.24 | 75 000.00 | 69 172.97 | 0.21 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.12500% 15-15.01.25 | 225 000.00 | 208 873.46 | 0.63 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 0.62500% 20-15.07.25 | 300 000.00 | 265 518.55 | 0.80 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 0.62500% 20-16.09.27 | 50 000.00 | 41 496.05 | 0.12 |
| USD	INTERNATIONAL BANK RECONSTRUCTION & DLP 3.12500% 22-15.06.27 | 250 000.00 | 234 555.43 | 0.71 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 14-25.11.24 | 200 000.00 | 187 046.26 | 0.56 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 15-29.07.25 | 200 000.00 | 185 955.52 | 0.56 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.75000% 20-11.03.25 | 275 000.00 | 246 966.31 | 0.74 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.62500% 20-22.04.25 | 450 000.00 | 401 373.56 | 1.21 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.37500% 20-28.07.25 | 300 000.00 | 263 499.86 | 0.79 |
| Total USD |  | 2 193 518.37 | 6.60 |
| Total des Obligations, taux fixe |  | 2 193 518.37 | 6.60 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 9 207 586.59 | 27.69 |

UBS (Lux) Strategy SICAV – Fixed Income Sustainable (EUR)
Rapport semestriel au 30 novembre 2022
| Dénomination | Nombre/ | Evaluation en EUR | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l'actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |

OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée
Fonds d’investissement, ouvert
| Irlande |  |
| --- | --- |
| USD | FEDERATED HERMES SDG ENGAGEMENT HIGH-M- USD | 362 838.00 | 679 195.80 | 2.04 |
| EUR | RECORD UCITS ICAV - RECORD EM SUSTAINABLE FIN-A- HEDGED EUR | 10 510.00 | 992 575.96 | 2.99 |
| EUR | XTRACKERS (IE) PLC - XTRACKERS USD CORPORATE GRE EN-1C- EUR | 47 646.00 | 1 181 096.69 | 3.55 |
| EUR | XTRACKERS USD CORPORATE GREEN BOND-ACCUM SHS-1C-HEDGED EUR | 53 056.00 | 1 184 422.14 | 3.56 |
| Total Irlande |  | 4 037 290.59 | 12.14 |
| Luxembourg |  |  |  |
| USD	FOCUSED FUND - CORPORATE BOND SUSTAINABLE USD U-X-ACC | 56.50 | 498 436.29 | 1.50 |
| USD	FOCUSED SICAV - US CORPORATE BOND SUSTAINABLE USD U-X-ACC | 57.00 | 498 956.63 | 1.50 |
| USD	UBS (LUX) BD SICAV-USD INVES GRA CORPOR SUSTAI (USD) U-X-ACC | 558.45 | 6 026 666.30 | 18.13 |
| EUR	UBS (LUX) BOND SICAV - EUR CORP SUSTAINABLE (EUR) U-X-ACC | 511.50 | 5 706 345.15 | 17.16 |
| EUR	UBS (LUX) BOND SICAV - GREEN SOC SUSTAINABLE BD(EUR)U-X-ACC | 706.00 | 6 003 661.62 | 18.06 |
| EUR	UBS (LUX) MONEY MARKET FUND - EUR SUSTAINABLE U-X-ACC | 77.00 | 778 438.43 | 2.34 |
| Total Luxembourg |  | 19 512 504.42 | 58.69 |
| Total des Fonds d’investissement, ouvert |  | 23 549 795.01 | 70.83 |
| Total des OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée |  | 23 549 795.01 | 70.83 |
| Total du Portefeuille-titres |  | 32 757 381.60 | 98.52 |
| Contrats de change à terme |  |  |  |
| Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |  |

| USD | 170 000.00 | EUR | 173 848.66 | 12.1.2023 | -9 337.44 | -0.03 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 338 000.00 | EUR | 349 743.37 | 12.1.2023 | -4 494.19 | -0.01 |
| GBP | 10 088.93 | EUR | 11 430.28 | 12.1.2023 | 214.73 | 0.00 |
| NZD | 500.00 | EUR | 285.42 | 12.1.2023 | 15.30 | 0.00 |
| EUR | 4 815.59 | JPY | 678 594.00 | 12.1.2023 | 81.93 | 0.00 |
| EUR | 9 498 166.52 | USD | 9 291 888.19 | 12.1.2023 | 506 284.82 | 1.52 |
| USD | 175 000.00 | EUR | 177 590.80 | 12.1.2023 | -8 241.01 | -0.03 |
| AUD | 517 202.61 | NZD | 575 000.00 | 12.1.2023 | -10 031.73 | -0.03 |
| USD | 153 000.00 | EUR | 155 167.54 | 12.1.2023 | -7 107.44 | -0.02 |
| USD | 180 000.00 | EUR | 175 114.53 | 12.1.2023 | -926.18 | 0.00 |
| EUR | 8 255 210.93 | USD | 8 669 199.03 | 16.2.2023 | -114 059.40 | -0.35 |
| AUD | 518 732.78 | EUR | 335 688.06 | 16.2.2023 | 816.27 | 0.00 |
| EUR | 14 759.83 | CAD | 20 500.00 | 16.2.2023 | 143.42 | 0.00 |
| CHF | 337 000.00 | EUR | 345 599.55 | 16.2.2023 | -883.71 | 0.00 |
| NOK | 1 000.00 | EUR | 96.12 | 16.2.2023 | 0.96 | 0.00 |
| EUR | 13 612.35 | GBP | 11 974.75 | 16.2.2023 | -187.88 | 0.00 |
| EUR | 338 279.60 | NZD | 574 500.00 | 16.2.2023 | -6 590.29 | -0.02 |
| EUR | 4 290.79 | JPY | 620 333.00 | 16.2.2023 | -45.51 | 0.00 |
| EUR | 207 937.46 | USD | 217 000.00 | 16.2.2023 | -1 554.98 | 0.00 |
| EUR | 208 463.82 | USD | 217 000.00 | 12.1.2023 | -1 529.92 | 0.00 |
| EUR | 77 561.24 | USD | 80 000.00 | 12.1.2023 | 144.19 | 0.00 |
| EUR | 77 366.00 | USD | 80 000.00 | 16.2.2023 | 133.76 | 0.00 |
| NZD | 278 000.00 | AUD | 257 512.56 | 12.1.2023 | -5.58 | 0.00 |
| NZD | 278 000.00 | AUD | 257 277.10 | 16.2.2023 | -14.49 | 0.00 |
| EUR | 171 893.42 | AUD | 265 000.00 | 16.2.2023 | -13.30 | 0.00 |
| NZD | 297 000.00 | EUR | 178 646.94 | 12.1.2023 | -17.16 | 0.00 |
| NZD | 297 000.00 | EUR | 178 291.43 | 16.2.2023 | -3.60 | 0.00 |
| EUR | 172 069.32 | AUD | 265 000.00 | 12.1.2023 | -0.41 | 0.00 |
| Total des Contrats de change à terme | 342 791.16 | 1.03 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 370 574.53 | 1.11 |
| Crédit en compte courant et autres engagements à court terme | -0.61 | 0.00 |
| Autres actifs et passifs | -221 689.14 | -0.66 |
| Total de l’Actif net | 33 249 057.54 | 100.00 |

UBS (Lux) Strategy SICAV – Fixed Income Sustainable (EUR) Rapport semestriel au 30 novembre 2022