# UBS (Lux) Strategy SICAV – Income (EUR)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Net assets in EUR |  | 105 432 753.69 | 107 331 540.01 | 133 861 371.17 |
| Class K-1-acc | LU1097600727 |  |  |  |
| Shares outstanding |  | 0.8000 | 0.8000 | 0.3000 |
| Net asset value per share in EUR |  | 3 257 582.71 | 3 182 771.19 | 3 173 554.30 |
| Issue and redemption price per share in EUR 1 |  | 3 254 650.89 | 3 182 771.19 | 3 173 554.30 |
| Class P-acc | LU0994951464 |  |  |  |
| Shares outstanding |  | 682 947.3570 | 711 892.8620 | 930 438.4020 |
| Net asset value per share in EUR |  | 110.55 | 108.24 | 108.38 |
| Issue and redemption price per share in EUR 1 |  | 110.45 | 108.24 | 108.38 |
| Class P-dist | LU0994669793 |  |  |  |
| Shares outstanding |  | 104 476.1830 | 118 786.0750 | 149 115.7280 |
| Net asset value per share in EUR |  | 103.44 | 102.70 | 103.92 |
| Issue and redemption price per share in EUR 1 |  | 103.35 | 102.70 | 103.92 |
| Class Q-acc | LU1240801263 |  |  |  |
| Shares outstanding |  | 123 023.7160 | 116 025.6300 | 115 951.3180 |
| Net asset value per share in EUR |  | 108.40 | 105.84 | 105.40 |
| Issue and redemption price per share in EUR 1 |  | 108.30 | 105.84 | 105.40 |
| Class Q-dist | LU1240801347 |  |  |  |
| Shares outstanding |  | 31 532.8400 | 32 360.4170 | 42 782.5080 |
| Net asset value per share in EUR |  | 101.00 | 100.54 | 101.75 |
| Issue and redemption price per share in EUR 1 |  | 100.91 | 100.54 | 101.75 |
| 1  See note 1 |  |  |  |  |


## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| Luxembourg | 59.19 |
| --- | --- |
| United States | 15.05 |
| France | 6.35 |
| Germany | 5.27 |
| Ireland | 1.87 |
| The Netherlands | 1.32 |
| United Kingdom | 1.08 |
| Norway | 0.91 |
| Canada | 0.88 |
| Spain | 0.70 |
| Finland | 0.60 |
| Supranationals | 0.54 |
| Australia | 0.51 |
| Switzerland | 0.49 |
| Austria | 0.45 |
| Sweden | 0.44 |
| Belgium | 0.36 |
| South Korea | 0.29 |
| Poland | 0.27 |
| Venezuela | 0.19 |
| China | 0.17 |
| Total | 96.93 |

Economic Breakdown as a % of net assets	
| Investment funds | 59.87 |
| --- | --- |
| Countries & central governments | 25.70 |
| Banks & credit institutions | 6.84 |
| Supranational organisations | 1.42 |
| Cantons, federal states | 1.10 |
| Finance & holding companies | 1.05 |
| Public, non-profit institutions | 0.56 |
| Pharmaceuticals, cosmetics & medical products | 0.29 |
| Mechanical engineering & industrial equipment | 0.10 |
| Total | 96.93 |

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

## Statement of Net Assets
Assets	30.11.2019
EUR
Investments in securities, cost	93 135 409.44
| Investments in securities, unrealized appreciation (depreciation) | 	9 064 104.08	 |
| --- | --- |
| Total investments in securities (Note 1) | 102 199 513.52 |
| Cash at banks, deposits on demand and deposit accounts | 3 036 066.90 |
| Other liquid assets (Margins) | 94 706.16 |
| Receivable on subscriptions | 239 986.57 |
| Interest receivable on securities | 251 810.66 |
| Other receivables | 15 738.18 |
| Interest receivable on liquid assets | 98.42 |
| Unrealized gain (loss) on financial futures (Note 1) | 126 353.83 |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | -302 766.81 |
| Total Assets | 105 661 507.43 |
|  |  |
| Liabilities |  |
| Payable on redemptions | -165 789.51 |
| Provisions for flat fee (Note 2) | -48 422.12 |
| Provisions for taxe d’abonnement (Note 3) | -3 566.46 |
| Provisions for other commissions and fees (Note 2) | 	-10 975.65	 |
| Total provisions | -62 964.23 |
| Total Liabilities | -228 753.74 |
|  |  |
| Net assets at the end of the period | 105 432 753.69 |
| Statement of Operations | EUR |
| Income | 1.6.2019-30.11.2019 |
| Interest on liquid assets | 3 448.78 |
| Interest on securities | 401 843.88 |
| Interest received on swaps (Note 1) | 22 110.03 |
| Dividends | 114 919.28 |
| Income on securities lending (Note 12) | 10 560.88 |
| Other income (Note 4) | 9 190.58 |
| Total income | 562 073.43 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -344.44 |
| Cost on securities lending (Note 12) | -4 224.35 |
| Flat fee (Note 2) | -641 938.02 |
| Taxe d’abonnement (Note 3) | -11 041.80 |
| Other commissions and fees (Note 2) | -10 957.85 |
| Interest on cash and bank overdraft | -16 701.95 |
| Total expenses | -685 208.41 |
|  |  |
| Net income (loss) on investments | -123 134.98 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 2 467 917.81 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | -1 202.37 |
| Realized gain (loss) on financial futures | -247 590.95 |
| Realized gain (loss) on forward foreign exchange contracts | -1 945 100.53 |
| Realized gain (loss) on swaps | 89 449.66 |
| Realized gain (loss) on foreign exchange | -272 801.30 |
| Total realized gain (loss) | 90 672.32 |
|  |  |
| Net realized gain (loss) of the period | -32 462.66 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 1 776 951.47 |
| Unrealized appreciation (depreciation) on options | -92 071.17 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | -1 428.01 |
| Unrealized appreciation (depreciation) on financial futures | 253 169.05 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | 476 478.00 |
| Unrealized appreciation (depreciation) on swaps | -54 739.67 |
| Total changes in unrealized appreciation (depreciation) | 2 358 359.67 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 2 325 897.01 |

UBS (Lux) Strategy SICAV – Income (EUR) Semi-Annual Report as of 30 November 2019
| Statement of Changes in Net Assets |  |
| --- | --- |
|  |  | EUR |
|  |  | 1.6.2019-30.11.2019 |
| Net assets at the beginning of the period |  | 107 331 540.01 |
| Subscriptions |  | 6 234 347.13 |
| Redemptions |  | 	-10 234 500.43	 |
| Total net subscriptions (redemptions) |  | -4 000 153.30 |
| Dividend paid |  | -224 530.03 |
| Net income (loss) on investments |  | -123 134.98 |
| Total realized gain (loss) |  | 90 672.32 |
| Total changes in unrealized appreciation (depreciation) |  | 	2 358 359.67	 |
| Net increase (decrease) in net assets as a result of operations |  | 2 325 897.01 |
| Net assets at the end of the period |  | 105 432 753.69 |
| Changes in the Number of Shares outstanding |  |  |
|  |  | 1.6.2019-30.11.2019 |
| Class |  | K-1-acc |
| Number of shares outstanding at the beginning of the period |  | 0.8000 |
| Number of shares issued |  | 0.0000 |
| Number of shares redeemed |  | 0.0000 |
| Number of shares outstanding at the end of the period |  | 0.8000 |
| Class |  | P-acc |
| Number of shares outstanding at the beginning of the period |  | 711 892.8620 |
| Number of shares issued |  | 32 726.5600 |
| Number of shares redeemed |  | -61 672.0650 |
| Number of shares outstanding at the end of the period |  | 682 947.3570 |
| Class |  | P-dist |
| Number of shares outstanding at the beginning of the period |  | 118 786.0750 |
| Number of shares issued |  | 2 957.2620 |
| Number of shares redeemed |  | -17 267.1540 |
| Number of shares outstanding at the end of the period |  | 104 476.1830 |
| Class |  | Q-acc |
| Number of shares outstanding at the beginning of the period |  | 116 025.6300 |
| Number of shares issued |  | 17 635.5280 |
| Number of shares redeemed |  | -10 637.4420 |
| Number of shares outstanding at the end of the period |  | 123 023.7160 |
| Class |  | Q-dist |
| Number of shares outstanding at the beginning of the period |  | 32 360.4170 |
| Number of shares issued |  | 4 134.0600 |
| Number of shares redeemed |  | -4 961.6370 |
| Number of shares outstanding at the end of the period |  | 31 532.8400 |
| Annual Distribution 1 |  |  |
| UBS (Lux) Strategy SICAV – Income (EUR)	Ex-Date | Pay-Date | Currency	Amount per share |
| P-dist	1.8.2019 | 6.8.2019 | EUR	1.45 |
| Q-dist	1.8.2019 | 6.8.2019 | EUR	1.96 |
| 1  See note 5 |  |  |

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

## Statement of Investments in Securities and other Net Assets as of 30 November 2019
| Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	CHINA, PEOPLE’S REPUBLIC OF-REG-S 0.12500% 19-12.11.26 | 175 000.00 | 174 562.50 | 0.17 |
| EUR	FINLAND, REPUBLIC OF-144A-REG-S 3.50000% 11-15.04.21 | 200 000.00 | 211 315.60 | 0.20 |
| Total EUR |  | 385 878.10 | 0.37 |
| Total Notes, fixed rate |  | 385 878.10 | 0.37 |
| Medium term notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ABB FINANCE BV-REG-S 0.62500% 16-03.05.23 | 100 000.00 | 102 050.00 | 0.10 |
| EUR	AUSTRIA, REPUBLIC OF-REG-S-144A 3.50000% 05-15.09.21 | 200 000.00 | 214 629.20 | 0.20 |
| EUR	BANK NEDERLANDSE GEMEENTEN NV-REG-S 1.12500% 14-04.09.24 | 200 000.00 | 213 685.20 | 0.20 |
| EUR	COMMONWEALTH BANK OF AUSTRALIA 3.00000% 12-03.05.22 | 400 000.00 | 431 826.40 | 0.41 |
| EUR	COMPAGNIE DE FINANCEMENT FONCIER 3.50000% 10-05.11.20 | 300 000.00 | 310 692.60 | 0.29 |
| EUR	CORPORACION ANDINA DE FOMENTO-REG-S 0.50000% 17-25.01.22 | 200 000.00 | 201 540.00 | 0.19 |
| EUR	CREDIT SUISSE AG/GUERNSEY-REG-S 1.75000% 14-15.01.21 | 300 000.00 | 306 874.80 | 0.29 |
| EUR	DEXIA CREDIT LOCAL DE FRANCE-REG-S 0.20000% 16-16.03.21 | 200 000.00 | 201 422.00 | 0.19 |
| EUR	DEXIA CREDIT LOCAL SA-REG-S 0.25000% 17-02.06.22 | 200 000.00 | 202 721.20 | 0.19 |
| EUR	DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 325 000.00 | 324 109.50 | 0.31 |
| EUR	DNB BOLIGKREDIT A-REG-S 1.87500% 12-21.11.22 | 600 000.00 | 638 836.80 | 0.61 |
| EUR	EUROPEAN INVESTMENT BANK 1.37500% 13-15.09.21 | 200 000.00 | 206 632.00 | 0.20 |
| EUR	EUROPEAN INVESTMENT BANK-REG-S 0.25000% 17-14.10.24 | 200 000.00 | 206 084.40 | 0.20 |
| EUR	EUROPEAN UNION 3.50000% 11-04.06.21 | 350 000.00 | 371 014.00 | 0.35 |
| EUR	EXPORT-IMPORT BANK OF KOREA-REG-S 0.37500% 19-26.03.24 | 300 000.00 | 305 250.00 | 0.29 |
| EUR	GE CAPITAL EUROPEAN FUNDING 2.25000% 13-20.07.20 | 300 000.00 | 303 987.60 | 0.29 |
| EUR	INSTITUTO DE CREDITO OFICIAL-REG-S 0.50000% 16-26.10.23 | 230 000.00 | 234 532.04 | 0.22 |
| EUR	KREDITANSTALT FUER WIEDERAUFBAU 4.62500% 07-04.01.23 | 700 000.00 | 810 880.00 | 0.77 |
| EUR	KREDITANSTALT FUER WIEDERAUFBAU 1.62500% 14-15.01.21 | 200 000.00 | 204 726.40 | 0.19 |
| EUR	LLOYDS BANK PLC-REG-S 0.25000% 19-25.03.24 | 120 000.00 | 121 691.28 | 0.12 |
| EUR	NATIONWIDE BUILDING SOCIETY 4.37500% 07-28.02.22 | 650 000.00 | 717 203.50 | 0.68 |
| EUR	NESTLE HOLDINGS INC-REG-S 0.87500% 17-18.07.25 | 280 000.00 | 292 990.88 | 0.28 |
| EUR	NORDEA MORTGAGE BANK PLC-REG-S 4.00000% 11-10.02.21 | 400 000.00 | 420 788.80 | 0.40 |
| EUR	OEBB-INFRASTRUKTUR AG 3.50000% 05-19.10.20 | 250 000.00 | 258 698.00 | 0.24 |
| EUR	POLAND, REPUBLIC OF-REG-S 3.37500% 12-09.07.24 | 250 000.00 | 289 540.00 | 0.27 |
| EUR	WESTPAC BANKING CORP-REG-S 0.62500% 15-14.01.22 | 100 000.00 | 101 896.00 | 0.10 |
| Total EUR |  | 7 994 302.60 | 7.58 |
| Total Medium term notes, fixed rate |  | 7 994 302.60 | 7.58 |
| Medium term notes, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	EUROPEAN STABILITY MECHANISM-REG-S 0.00000% 16-18.10.22 | 200 000.00 | 202 328.80 | 0.19 |
| Total EUR |  | 202 328.80 | 0.19 |
| Total Medium term notes, zero coupon |  | 202 328.80 | 0.19 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	BELGIUM, KINGDOM OF 4.25000% 11-28.09.21 | 350 000.00 | 381 255.00 | 0.36 |
| EUR	BNP PARIBAS HOME LOAN COVERED BONDS SFH 3.87500% 11-12.07.21 | 300 000.00 | 320 545.29 | 0.30 |
| EUR	CAISSE D’AMOR DE LA DETTE SOCIALE-REG-S 2.37500% 13-25.01.24 | 300 000.00 | 334 267.29 | 0.32 |
| EUR	EUROPEAN FINANCIAL STABILITY FAC-REG-S 0.12500% 17-17.10.23 | 300 000.00 | 305 684.40 | 0.29 |
| EUR	FRANCE, REPUBLIC OF OAT 2.25000% 12-25.10.22 | 860 000.00 | 931 595.00 | 0.88 |
| EUR	FRANCE, REPUBLIC OF-OAT 1.75000% 14-25.11.24 | 1 100 000.00 | 1 221 101.20 | 1.16 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 1.00000% 15-25.11.25 | 1 800 000.00 | 1 947 236.40 | 1.85 |
| EUR	GERMANY, REPUBLIC OF 1.50000% 13-15.05.23 | 900 000.00 | 967 330.80 | 0.92 |
| EUR	GERMANY, REPUBLIC OF 1.00000% 14-15.08.24 | 1 700 000.00 | 1 829 475.40 | 1.74 |
| EUR	GERMANY, REPUBLIC OF 4.75000% 98-04.07.28 | 500 000.00 | 727 095.00 | 0.69 |
| EUR	IMPERIAL BRANDS FINANCE PLC-REG-S 0.50000% 17-27.07.21 | 300 000.00 | 301 497.00 | 0.29 |
| EUR	IRELAND, REPUBLIC OF-REG-S 3.90000% 13-20.03.23 | 200 000.00 | 228 772.80 | 0.22 |
| EUR	JOHNSON & JOHNSON 0.65000% 16-20.05.24 | 300 000.00 | 308 608.80 | 0.29 |
| EUR	NETHERLANDS, KINGDOM OF THE 3.75000% 06-15.01.23 | 300 000.00 | 341 490.00 | 0.32 |
| EUR	NETHERLANDS, KINGDOM OF THE 3.25000% 11-15.07.21 | 100 000.00 | 106 313.00 | 0.10 |
| EUR	NETHERLANDS, KINGDOM OF THE 2.00000% 14-15.07.24 | 300 000.00 | 335 491.80 | 0.32 |
| EUR	NORDRHEIN-WESTFALEN, STATE OF 4.37500% 07-29.04.22 | 550 000.00 | 613 318.20 | 0.58 |
| EUR	QUEBEC, PROVINCE OF-REG-S 2.25000% 13-17.07.23 | 500 000.00 | 546 678.00 | 0.52 |
| EUR	RABOBANK NEDERLAND NV-REG-S 0.25000% 19-30.10.26 | 300 000.00 | 297 667.80 | 0.28 |
| EUR	ROYAL BANK OF CANADA-REG-S 0.12500% 16-11.03.21 | 100 000.00 | 100 564.00 | 0.10 |
| EUR	SKANDINAVISKA ENSKILDA BANKEN AB-REG-S 0.37500% 19-09.02.26 | 150 000.00 | 154 596.00 | 0.15 |
| EUR	SPAIN, KINGDOM OF 0.05000% 17-31.01.21 | 170 000.00 | 170 949.28 | 0.16 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 1.45000% 19-30.04.29 | 300 000.00 | 329 202.60 | 0.31 |
| EUR	STADSHYPOTEK AB-REG-S 0.50000% 18-11.07.25 | 300 000.00 | 311 023.80 | 0.29 |
| Total EUR |  | 13 111 758.86 | 12.44 |
| Total Bonds, fixed rate |  | 13 111 758.86 | 12.44 |

UBS (Lux) Strategy SICAV – Income (EUR) Semi-Annual Report as of 30 November 2019
| Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Bonds, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 16-25.05.21 | 200 000.00 | 201 789.60 | 0.19 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 16-25.05.22 | 200 000.00 | 203 002.00 | 0.19 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 17-25.03.23 | 800 000.00 | 815 349.84 | 0.78 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 17-08.04.22 | 200 000.00 | 203 082.40 | 0.19 |
| EUR	NRW BANK 0.00000% 17-01.02.22 | 200 000.00 | 201 688.00 | 0.19 |
| EUR	TORONTO DOMINION BANK-REG-S 0.00000% 19-09.02.24 | 280 000.00 | 282 371.60 | 0.27 |
| Total EUR |  | 1 907 283.44 | 1.81 |
| Total Bonds, zero coupon |  | 1 907 283.44 | 1.81 |
| Bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	UBS GROUP AG-REG-S 1.250%/VAR 18-17.04.25 | 200 000.00 | 207 640.00 | 0.20 |
| Total EUR |  | 207 640.00 | 0.20 |
| Total Bonds, floating rate |  | 207 640.00 | 0.20 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 405 000.00 | 500 192.19 | 0.47 |
| USD	AMERICA, UNITED STATES OF 4.37500% 08-15.02.38 | 405 000.00 | 499 804.79 | 0.47 |
| USD	AMERICA, UNITED STATES OF 4.37500% 11-15.05.41 | 400 000.00 | 502 264.50 | 0.48 |
| USD	AMERICA, UNITED STATES OF 3.00000% 18-15.08.48 | 1 110 000.00 | 1 176 279.36 | 1.12 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 2 250 000.00 | 2 115 799.72 | 2.01 |
| USD	AMERICA, UNITED STATES OF 2.75000% 14-15.02.24 | 930 000.00 | 881 581.38 | 0.84 |
| USD	AMERICA, UNITED STATES OF 3.62500% 10-15.02.20 | 1 650 000.00 | 1 501 957.62 | 1.42 |
| USD	AMERICA, UNITED STATES OF 2.62500% 10-15.11.20 | 243 000.00 | 222 307.95 | 0.21 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 1 192 000.00 | 1 071 410.47 | 1.02 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 955 000.00 | 858 420.58 | 0.81 |
| USD	AMERICA, UNITED STATES OF 1.75000% 13-15.05.23 | 3 837 000.00 | 3 495 588.77 | 3.31 |
| Total USD |  | 12 825 607.33 | 12.16 |
| Total Treasury notes, fixed rate |  | 12 825 607.33 | 12.16 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 100 000.00 | 189 095.39 | 0.18 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 130 000.00 | 178 149.70 | 0.17 |
| USD	AMERICA, UNITED STATES OF 0.500%/CPI LINKED 18-15.01.28 | 320 000.00 | 309 192.76 | 0.29 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 170 000.00 | 170 881.55 | 0.16 |
| USD	AMERICA, UNITED STATES OF 1.125%/CPI LINKED 11-15.01.21 | 50 000.00 | 53 578.54 | 0.05 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.01.22 | 100 000.00 | 102 278.48 | 0.10 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 13-15.01.23 | 180 000.00 | 180 503.03 | 0.17 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 70 000.00 | 68 272.68 | 0.06 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 175 000.00 | 174 099.27 | 0.17 |
| Total USD |  | 1 426 051.40 | 1.35 |
| Total Treasury notes, floating rate |  | 1 426 051.40 | 1.35 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 38 060 850.53 | 36.10 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 355 000.00 | 323 110.73 | 0.31 |
| Total USD |  | 323 110.73 | 0.31 |
| Total Treasury notes, fixed rate |  | 323 110.73 | 0.31 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 14-15.01.24 | 170 000.00 | 172 342.03 | 0.16 |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25 | 180 000.00 | 177 425.27 | 0.17 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 170 000.00 | 171 865.38 | 0.16 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 170 000.00 | 171 494.03 | 0.16 |
| Total USD |  | 693 126.71 | 0.65 |
| Total Treasury notes, floating rate | 693 126.71 | 0.65 |
| Total Transferable securities and money market instruments traded on another regulated market | 1 016 237.44 | 0.96 |
| 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	SOURCE MARKETS PLC - MSCI USA SOURCE ETF-A	9 397.00 | 719 604.30 | 0.68 |
| USD	UBS ETFS PLC - MSCI USA TRN INDEX SF (USD) A-ACC	9 360.00 | 717 747.14 | 0.68 |
| Total Ireland | 1 437 351.44 | 1.36 |

UBS (Lux) Strategy SICAV – Income (EUR) Semi-Annual Report as of 30 November 2019
| Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Luxembourg |  |  |  |
| EUR	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 16 597.00 | 2 208 396.82 | 2.10 |
| EUR	UBS (LUX) BOND SICAV - EUR CORPORATES (EUR) U-X-ACC | 1 278.00 | 15 761 458.98 | 14.95 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC | 182.00 | 3 264 513.17 | 3.10 |
| USD	UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD) I-X-DIS | 22 753.00 | 2 200 804.87 | 2.09 |
| USD	UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U-X-ACC | 1 660.12 | 17 208 715.86 | 16.32 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD) U-X ACC | 570.00 | 7 047 083.80 | 6.68 |
| EUR	UBS (LUX) EQUITY FUND - EURO COUNTRIES OPPORT U-X-ACC | 121.00 | 2 753 605.47 | 2.61 |
| USD	UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC | 198.00 | 1 954 875.59 | 1.85 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL QUANTITATIVE (USD) U-X-ACC | 277.00 | 3 874 528.08 | 3.68 |
| USD	UBS (LUX) INST FUND - KEY SEL. GLOBAL EQUITY FA-USD | 197.00 | 4 566 485.37 | 4.33 |
| USD	UBS (LUX) INSTITUTION SICAV - EQUITIES GLB (EX USA) PASSIVE XA | 9 083.00 | 843 798.01 | 0.80 |
| Total Luxembourg |  | 61 684 266.02 | 58.51 |
| Total Investment funds, open end |  | 63 121 617.46 | 59.87 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  | 63 121 617.46 | 59.87 |
| Derivative instruments listed on an official stock exchange Options on indices, classic-styled |  |  |  |
| USD |  |  |  |
| USD	S&P 500 INDEX PUT 2700.00000 20.12.19 | 9.00 | 808.09 | 0.00 |
| Total USD |  | 808.09 | 0.00 |
| Total Options on indices, classic-styled |  | 808.09 | 0.00 |
| Total Derivative instruments listed on an official stock exchange |  | 808.09 | 0.00 |
| Total investments in securities |  | 102 199 513.52 | 96.93 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange Financial Futures on Indices |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 20.12.19 | -61.00 | -116 798.27 | -0.11 |
| CHF	SWISS MARKET INDEX FUTURE 20.12.19 | 26.00 | 122 522.05 | 0.12 |
| GBP	FTSE 100 INDEX FUTURE 20.12.19 | -8.00 | -6 702.88 | -0.01 |
| USD	S&P500 EMINI FUTURE 20.12.19 | 10.00 | 36 377.30 | 0.03 |
| AUD	SPI 200 INDEX FUTURE 19.12.19 | -2.00 | -5 060.27 | 0.00 |
| CAD	S&P/TSX 60 INDEX FUTURE 19.12.19 | -2.00 | -5 913.17 | -0.01 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 12.12.19 | 6.00 | 101 929.07 | 0.10 |
| Total Financial Futures on Indices |  | 126 353.83 | 0.12 |
| Total Derivative instruments listed on an official stock exchange |  | 126 353.83 | 0.12 |
| Total Derivative instruments |  | 126 353.83 | 0.12 |
| Forward Foreign Exchange contracts Forward Foreign Exchange contracts (Purchase/Sale) |  |  |  |

| USD | 60 000.00 | EUR | 54 106.31 | 9.1.2020 | 144.52 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 5 692.49 | GBP | 5 000.00 | 9.1.2020 | -165.16 | 0.00 |
| EUR | 46 886.94 | DKK | 350 000.00 | 9.1.2020 | 27.19 | 0.00 |
| SGD | 70 000.00 | EUR | 46 139.39 | 9.1.2020 | 163.08 | 0.00 |
| EUR | 1 408 943.81 | CAD | 2 063 618.00 | 9.1.2020 | 3 637.11 | 0.00 |
| GBP | 545 646.48 | EUR | 624 598.90 | 9.1.2020 | 14 642.86 | 0.01 |
| EUR | 108 242.12 | HKD | 940 000.00 | 9.1.2020 | -290.14 | 0.00 |
| NZD | 5 000.00 | EUR | 2 840.98 | 9.1.2020 | 62.81 | 0.00 |
| EUR | 1 816 347.58 | AUD | 2 966 529.71 | 9.1.2020 | 43.59 | 0.00 |
| NOK | 20 890 181.85 | EUR | 2 063 369.67 | 9.1.2020 | -11 472.60 | -0.01 |
| EUR | 9 634.05 | ZAR | 160 000.00 | 9.1.2020 | -183.58 | 0.00 |
| JPY | 41 864 296.00 | EUR | 351 029.13 | 9.1.2020 | -4 227.53 | 0.00 |
| EUR | 74 748.56 | SEK | 810 124.90 | 9.1.2020 | -1 977.72 | 0.00 |
| EUR | 26 798 196.72 | USD | 29 685 380.84 | 9.1.2020 | -42 745.60 | -0.04 |
| EUR | 356 503.93 | CHF | 391 329.02 | 9.1.2020 | 1 190.66 | 0.00 |
| USD | 252 796.46 | EUR | 227 588.73 | 9.1.2020 | 984.90 | 0.00 |
| USD | 80 000.00 | EUR | 71 493.68 | 9.1.2020 | 840.76 | 0.00 |
| USD | 170 000.00 | EUR | 151 975.41 | 9.1.2020 | 1 735.27 | 0.00 |
| EUR | 53 731.38 | GBP | 46 500.00 | 9.1.2020 | -744.81 | 0.00 |
| USD | 80 000.00 | EUR | 71 488.12 | 9.1.2020 | 846.32 | 0.00 |
| EUR | 1 014 323.72 | GBP | 881 000.00 | 9.1.2020 | -17 795.08 | -0.02 |
| USD | 960 851.69 | NOK | 8 825 000.00 | 9.1.2020 | 1 970.22 | 0.00 |
| CAD | 1 490 955.39 | NOK | 10 480 000.00 | 9.1.2020 | -14 085.75 | -0.01 |
| HKD | 340 000.00 | EUR | 38 918.84 | 9.1.2020 | 337.51 | 0.00 |
| EUR | 185 169.39 | NOK | 1 900 000.00 | 9.1.2020 | -1 454.38 | 0.00 |
| CAD | 60 000.00 | EUR | 41 242.41 | 9.1.2020 | -382.91 | 0.00 |
| USD | 150 000.00 | EUR | 134 508.28 | 9.1.2020 | 1 118.79 | 0.00 |
| USD | 820 000.00 | EUR | 732 242.23 | 9.1.2020 | 9 185.78 | 0.01 |
| EUR | 66 195.03 | HKD | 580 000.00 | 15.1.2020 | -745.98 | 0.00 |
| EUR | 46 870.97 | DKK | 350 000.00 | 15.1.2020 | 9.12 | 0.00 |
| NZD | 5 000.00 | EUR | 2 876.97 | 15.1.2020 | 26.01 | 0.00 |
| JPY | 41 784 973.00 | EUR | 344 787.53 | 15.1.2020 | 1 337.96 | 0.00 |

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

Forward Foreign Exchange contracts (Continued)
Forward Foreign Exchange contracts (Purchase/Sale)
| EUR | 28 995.68 | NOK | 295 137.99 | 15.1.2020 | 16.63 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 442 470.46 | GBP | 383 008.18 | 15.1.2020 | -6 144.34 | 0.00 |
| CAD | 38 416.38 | EUR | 26 190.61 | 15.1.2020 | -38.51 | 0.00 |
| EUR | 1 652 308.42 | AUD | 2 664 231.67 | 15.1.2020 | 21 452.46 | 0.02 |
| EUR | 65 985.39 | SGD | 100 000.00 | 15.1.2020 | -141.47 | 0.00 |
| EUR | 18 948.53 | SEK | 202 469.29 | 15.1.2020 | -225.52 | 0.00 |
| EUR | 59 827.65 | CHF | 65 905.24 | 15.1.2020 | -14.63 | 0.00 |
| EUR | 24 331 795.70 | USD | 27 211 585.38 | 15.1.2020 | -263 436.23 | -0.25 |
| CHF | 50 000.00 | EUR | 45 955.63 | 9.1.2020 | -557.35 | 0.00 |
| CHF | 50 000.00 | EUR | 45 957.19 | 15.1.2020 | -556.95 | 0.00 |
| IDR | 17 086 370 000.00 | USD | 1 206 579.34 | 16.1.2020 | -1 236.33 | 0.00 |
| USD | 1 241 547.65 | TWD | 37 640 000.00 | 16.1.2020 | 3 569.18 | 0.00 |
| INR | 83 570 000.00 | USD | 1 155 958.23 | 16.1.2020 | 4 035.18 | 0.00 |
| AUD | 60 000.00 | EUR | 36 866.88 | 9.1.2020 | -130.95 | 0.00 |
| AUD | 50 000.00 | EUR | 30 715.44 | 15.1.2020 | -108.94 | 0.00 |
| EUR | 45 582.51 | CHF | 50 000.00 | 9.1.2020 | 184.23 | 0.00 |
| EUR | 170 871.61 | USD | 190 000.00 | 15.1.2020 | -860.17 | 0.00 |
| EUR | 45 583.75 | CHF | 50 000.00 | 15.1.2020 | 183.51 | 0.00 |
| EUR | 170 937.40 | USD | 190 000.00 | 9.1.2020 | -856.89 | 0.00 |
| EUR | 113 056.79 | USD | 125 000.00 | 9.1.2020 | 34.23 | 0.00 |
| EUR | 113 014.27 | USD | 125 000.00 | 15.1.2020 | 32.83 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | -302 766.81 | -0.29 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 3 130 773.06 | 2.97 |
| Other assets and liabilities | 278 880.09 | 0.27 |
| Total net assets | 105 432 753.69 | 100.00 |

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

Translation (ENDE, 2019-11-30):
# UBS (Lux) Strategy SICAV – Income (EUR)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Nettovermögen in EUR |  | 105 432 753.69 | 107 331 540.01 | 133 861 371.17 |
| Klasse K-1-acc | LU1097600727 |  |  |  |
| Aktien im Umlauf |  | 0.8000 | 0.8000 | 0.3000 |
| Nettoinventarwert pro Aktie in EUR |  | 3 257 582.71 | 3 182 771.19 | 3 173 554.30 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 3 254 650.89 | 3 182 771.19 | 3 173 554.30 |
| Klasse P-acc | LU0994951464 |  |  |  |
| Aktien im Umlauf |  | 682 947.3570 | 711 892.8620 | 930 438.4020 |
| Nettoinventarwert pro Aktie in EUR |  | 110.55 | 108.24 | 108.38 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 110.45 | 108.24 | 108.38 |
| Klasse P-dist | LU0994669793 |  |  |  |
| Aktien im Umlauf |  | 104 476.1830 | 118 786.0750 | 149 115.7280 |
| Nettoinventarwert pro Aktie in EUR |  | 103.44 | 102.70 | 103.92 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 103.35 | 102.70 | 103.92 |
| Klasse Q-acc | LU1240801263 |  |  |  |
| Aktien im Umlauf |  | 123 023.7160 | 116 025.6300 | 115 951.3180 |
| Nettoinventarwert pro Aktie in EUR |  | 108.40 | 105.84 | 105.40 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 108.30 | 105.84 | 105.40 |
| Klasse Q-dist | LU1240801347 |  |  |  |
| Aktien im Umlauf |  | 31 532.8400 | 32 360.4170 | 42 782.5080 |
| Nettoinventarwert pro Aktie in EUR |  | 101.00 | 100.54 | 101.75 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 100.91 | 100.54 | 101.75 |
| 1  Siehe Erläuterung 1 |  |  |  |  |


## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Luxemburg | 59.19 |
| --- | --- |
| Vereinigte Staaten | 15.05 |
| Frankreich | 6.35 |
| Deutschland | 5.27 |
| Irland | 1.87 |
| Niederlande | 1.32 |
| Grossbritannien | 1.08 |
| Norwegen | 0.91 |
| Kanada | 0.88 |
| Spanien | 0.70 |
| Finnland | 0.60 |
| Supranational | 0.54 |
| Australien | 0.51 |
| Schweiz | 0.49 |
| Österreich | 0.45 |
| Schweden | 0.44 |
| Belgien | 0.36 |
| Südkorea | 0.29 |
| Polen | 0.27 |
| Venezuela | 0.19 |
| China | 0.17 |
| Total | 96.93 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Anlagefonds | 59.87 |
| --- | --- |
| Länder- & Zentralregierungen | 25.70 |
| Banken & Kreditinstitute | 6.84 |
| Supranationale Organisationen | 1.42 |
| Kantone, Bundesstaaten | 1.10 |
| Finanz- & Beteiligungsgesellschaften | 1.05 |
| Öffentlich-rechtliche Körperschaften | 0.56 |
| Pharmazeutik, Kosmetik & medizinische Produkte | 0.29 |
| Maschinen & Apparate | 0.10 |
| Total | 96.93 |

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

## Nettovermögensaufstellung
Aktiva	30.11.2019
EUR
Wertpapierbestand, Einstandswert	93 135 409.44
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	9 064 104.08	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 102 199 513.52 |
| Bankguthaben, Sicht- und Fristgelder | 3 036 066.90 |
| Andere liquide Mittel (Margins) | 94 706.16 |
| Forderungen aus Zeichnungen | 239 986.57 |
| Zinsforderungen aus Wertpapieren | 251 810.66 |
| Sonstige Forderungen | 15 738.18 |
| Zinsforderungen aus liquiden Mitteln | 98.42 |
| Nicht realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten (Erläuterung 1) | 126 353.83 |
| Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1) | -302 766.81 |
| Total Aktiva | 105 661 507.43 |
|  |  |
| Passiva |  |
| Verbindlichkeiten aus Rücknahmen | -165 789.51 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -48 422.12 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -3 566.46 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-10 975.65	 |
| Total Rückstellungen für Aufwendungen | -62 964.23 |
| Total Passiva | -228 753.74 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 105 432 753.69 |
| Ertrags- und Aufwandsrechnung | EUR |
| Erträge | 1.6.2019-30.11.2019 |
| Zinsertrag auf liquide Mittel | 3 448.78 |
| Zinsen auf Wertpapiere | 401 843.88 |
| Zinsertrag auf Swaps (Erläuterung 1) | 22 110.03 |
| Dividenden | 114 919.28 |
| Erträge aus Securities Lending (Erläuterung 12) | 10 560.88 |
| Sonstige Erträge (Erläuterung 4) | 9 190.58 |
| Total Erträge | 562 073.43 |
|  |  |
| Aufwendungen |  |
| Zinsaufwand auf Swaps (Erläuterung 1) | -344.44 |
| Kosten aus Securities Lending (Erläuterung 12) | -4 224.35 |
| Pauschale Verwaltungskommission (Erläuterung 2) | -641 938.02 |
| Abonnementsabgabe (Erläuterung 3) | -11 041.80 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -10 957.85 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -16 701.95 |
| Total Aufwendungen | -685 208.41 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | -123 134.98 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 2 467 917.81 |
| Realisierter Kursgewinn (-verlust) aus renditebewerteten Wertpapieren und Geldmarktinstrumenten | -1 202.37 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | -247 590.95 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | -1 945 100.53 |
| Realisierter Kursgewinn (-verlust) aus Swaps | 89 449.66 |
| Realisierter Währungsgewinn (-verlust) | -272 801.30 |
| Total der realisierten Gewinne (Verluste) | 90 672.32 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | -32 462.66 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 1 776 951.47 |
| Nicht realisierte Werterhöhung (-minderung) von Optionen | -92 071.17 |
| Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente | -1 428.01 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | 253 169.05 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | 476 478.00 |
| Nicht realisierte Werterhöhung (-minderung) von Swaps | -54 739.67 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 2 358 359.67 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 2 325 897.01 |

UBS (Lux) Strategy SICAV – Income (EUR) Halbjahresbericht per 30. November 2019
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  |  | EUR |
|  |  | 1.6.2019-30.11.2019 |
| Nettovermögen zu Beginn der Berichtsperiode |  | 107 331 540.01 |
| Zeichnungen |  | 6 234 347.13 |
| Rücknahmen |  | 	-10 234 500.43	 |
| Total Mittelzufluss (-abfluss) |  | -4 000 153.30 |
| Ausbezahlte Dividende |  | -224 530.03 |
| Nettoerträge (-verluste) aus Anlagen |  | -123 134.98 |
| Total der realisierten Gewinne (Verluste) |  | 90 672.32 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) |  | 	2 358 359.67	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit |  | 2 325 897.01 |
| Nettovermögen am Ende der Berichtsperiode |  | 105 432 753.69 |
| Entwicklung der Aktien im Umlauf |  |  |
|  |  | 1.6.2019-30.11.2019 |
| Klasse |  | K-1-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 0.8000 |
| Anzahl der ausgegebenen Aktien |  | 0.0000 |
| Anzahl der zurückgegebenen Aktien |  | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 0.8000 |
| Klasse |  | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 711 892.8620 |
| Anzahl der ausgegebenen Aktien |  | 32 726.5600 |
| Anzahl der zurückgegebenen Aktien |  | -61 672.0650 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 682 947.3570 |
| Klasse |  | P-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 118 786.0750 |
| Anzahl der ausgegebenen Aktien |  | 2 957.2620 |
| Anzahl der zurückgegebenen Aktien |  | -17 267.1540 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 104 476.1830 |
| Klasse |  | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 116 025.6300 |
| Anzahl der ausgegebenen Aktien |  | 17 635.5280 |
| Anzahl der zurückgegebenen Aktien |  | -10 637.4420 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 123 023.7160 |
| Klasse |  | Q-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 32 360.4170 |
| Anzahl der ausgegebenen Aktien |  | 4 134.0600 |
| Anzahl der zurückgegebenen Aktien |  | -4 961.6370 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 31 532.8400 |
| Jährliche Ausschüttung 1 |  |  |
| UBS (Lux) Strategy SICAV – Income (EUR)	Ex-Date | Pay-Date | Währung	Betrag pro Aktie |
| P-dist	1.8.2019 | 6.8.2019 | EUR	1.45 |
| Q-dist	1.8.2019 | 6.8.2019 | EUR	1.96 |
| 1  Siehe Erläuterung 5 |  |  |

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

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in EUR | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Notes, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	CHINA, PEOPLE’S REPUBLIC OF-REG-S 0.12500% 19-12.11.26 | 175 000.00 | 174 562.50 | 0.17 |
| EUR	FINLAND, REPUBLIC OF-144A-REG-S 3.50000% 11-15.04.21 | 200 000.00 | 211 315.60 | 0.20 |
| Total EUR |  | 385 878.10 | 0.37 |
| Total Notes, fester Zins |  | 385 878.10 | 0.37 |
| Medium-Term Notes, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	ABB FINANCE BV-REG-S 0.62500% 16-03.05.23 | 100 000.00 | 102 050.00 | 0.10 |
| EUR	AUSTRIA, REPUBLIC OF-REG-S-144A 3.50000% 05-15.09.21 | 200 000.00 | 214 629.20 | 0.20 |
| EUR	BANK NEDERLANDSE GEMEENTEN NV-REG-S 1.12500% 14-04.09.24 | 200 000.00 | 213 685.20 | 0.20 |
| EUR	COMMONWEALTH BANK OF AUSTRALIA 3.00000% 12-03.05.22 | 400 000.00 | 431 826.40 | 0.41 |
| EUR	COMPAGNIE DE FINANCEMENT FONCIER 3.50000% 10-05.11.20 | 300 000.00 | 310 692.60 | 0.29 |
| EUR	CORPORACION ANDINA DE FOMENTO-REG-S 0.50000% 17-25.01.22 | 200 000.00 | 201 540.00 | 0.19 |
| EUR	CREDIT SUISSE AG/GUERNSEY-REG-S 1.75000% 14-15.01.21 | 300 000.00 | 306 874.80 | 0.29 |
| EUR	DEXIA CREDIT LOCAL DE FRANCE-REG-S 0.20000% 16-16.03.21 | 200 000.00 | 201 422.00 | 0.19 |
| EUR	DEXIA CREDIT LOCAL SA-REG-S 0.25000% 17-02.06.22 | 200 000.00 | 202 721.20 | 0.19 |
| EUR	DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 325 000.00 | 324 109.50 | 0.31 |
| EUR	DNB BOLIGKREDIT A-REG-S 1.87500% 12-21.11.22 | 600 000.00 | 638 836.80 | 0.61 |
| EUR	EUROPEAN INVESTMENT BANK 1.37500% 13-15.09.21 | 200 000.00 | 206 632.00 | 0.20 |
| EUR	EUROPEAN INVESTMENT BANK-REG-S 0.25000% 17-14.10.24 | 200 000.00 | 206 084.40 | 0.20 |
| EUR	EUROPEAN UNION 3.50000% 11-04.06.21 | 350 000.00 | 371 014.00 | 0.35 |
| EUR	EXPORT-IMPORT BANK OF KOREA-REG-S 0.37500% 19-26.03.24 | 300 000.00 | 305 250.00 | 0.29 |
| EUR	GE CAPITAL EUROPEAN FUNDING 2.25000% 13-20.07.20 | 300 000.00 | 303 987.60 | 0.29 |
| EUR	INSTITUTO DE CREDITO OFICIAL-REG-S 0.50000% 16-26.10.23 | 230 000.00 | 234 532.04 | 0.22 |
| EUR	KREDITANSTALT FUER WIEDERAUFBAU 4.62500% 07-04.01.23 | 700 000.00 | 810 880.00 | 0.77 |
| EUR	KREDITANSTALT FUER WIEDERAUFBAU 1.62500% 14-15.01.21 | 200 000.00 | 204 726.40 | 0.19 |
| EUR	LLOYDS BANK PLC-REG-S 0.25000% 19-25.03.24 | 120 000.00 | 121 691.28 | 0.12 |
| EUR	NATIONWIDE BUILDING SOCIETY 4.37500% 07-28.02.22 | 650 000.00 | 717 203.50 | 0.68 |
| EUR	NESTLE HOLDINGS INC-REG-S 0.87500% 17-18.07.25 | 280 000.00 | 292 990.88 | 0.28 |
| EUR	NORDEA MORTGAGE BANK PLC-REG-S 4.00000% 11-10.02.21 | 400 000.00 | 420 788.80 | 0.40 |
| EUR	OEBB-INFRASTRUKTUR AG 3.50000% 05-19.10.20 | 250 000.00 | 258 698.00 | 0.24 |
| EUR	POLAND, REPUBLIC OF-REG-S 3.37500% 12-09.07.24 | 250 000.00 | 289 540.00 | 0.27 |
| EUR	WESTPAC BANKING CORP-REG-S 0.62500% 15-14.01.22 | 100 000.00 | 101 896.00 | 0.10 |
| Total EUR |  | 7 994 302.60 | 7.58 |
| Total Medium-Term Notes, fester Zins |  | 7 994 302.60 | 7.58 |
| Medium-Term Notes, Nullcoupon |  |  |  |
| EUR |  |  |  |
| EUR	EUROPEAN STABILITY MECHANISM-REG-S 0.00000% 16-18.10.22 | 200 000.00 | 202 328.80 | 0.19 |
| Total EUR |  | 202 328.80 | 0.19 |
| Total Medium-Term Notes, Nullcoupon |  | 202 328.80 | 0.19 |
| Anleihen, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	BELGIUM, KINGDOM OF 4.25000% 11-28.09.21 | 350 000.00 | 381 255.00 | 0.36 |
| EUR	BNP PARIBAS HOME LOAN COVERED BONDS SFH 3.87500% 11-12.07.21 | 300 000.00 | 320 545.29 | 0.30 |
| EUR	CAISSE D’AMOR DE LA DETTE SOCIALE-REG-S 2.37500% 13-25.01.24 | 300 000.00 | 334 267.29 | 0.32 |
| EUR	EUROPEAN FINANCIAL STABILITY FAC-REG-S 0.12500% 17-17.10.23 | 300 000.00 | 305 684.40 | 0.29 |
| EUR	FRANCE, REPUBLIC OF OAT 2.25000% 12-25.10.22 | 860 000.00 | 931 595.00 | 0.88 |
| EUR	FRANCE, REPUBLIC OF-OAT 1.75000% 14-25.11.24 | 1 100 000.00 | 1 221 101.20 | 1.16 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 1.00000% 15-25.11.25 | 1 800 000.00 | 1 947 236.40 | 1.85 |
| EUR	GERMANY, REPUBLIC OF 1.50000% 13-15.05.23 | 900 000.00 | 967 330.80 | 0.92 |
| EUR	GERMANY, REPUBLIC OF 1.00000% 14-15.08.24 | 1 700 000.00 | 1 829 475.40 | 1.74 |
| EUR	GERMANY, REPUBLIC OF 4.75000% 98-04.07.28 | 500 000.00 | 727 095.00 | 0.69 |
| EUR	IMPERIAL BRANDS FINANCE PLC-REG-S 0.50000% 17-27.07.21 | 300 000.00 | 301 497.00 | 0.29 |
| EUR	IRELAND, REPUBLIC OF-REG-S 3.90000% 13-20.03.23 | 200 000.00 | 228 772.80 | 0.22 |
| EUR	JOHNSON & JOHNSON 0.65000% 16-20.05.24 | 300 000.00 | 308 608.80 | 0.29 |
| EUR	NETHERLANDS, KINGDOM OF THE 3.75000% 06-15.01.23 | 300 000.00 | 341 490.00 | 0.32 |
| EUR	NETHERLANDS, KINGDOM OF THE 3.25000% 11-15.07.21 | 100 000.00 | 106 313.00 | 0.10 |
| EUR	NETHERLANDS, KINGDOM OF THE 2.00000% 14-15.07.24 | 300 000.00 | 335 491.80 | 0.32 |
| EUR	NORDRHEIN-WESTFALEN, STATE OF 4.37500% 07-29.04.22 | 550 000.00 | 613 318.20 | 0.58 |
| EUR	QUEBEC, PROVINCE OF-REG-S 2.25000% 13-17.07.23 | 500 000.00 | 546 678.00 | 0.52 |
| EUR	RABOBANK NEDERLAND NV-REG-S 0.25000% 19-30.10.26 | 300 000.00 | 297 667.80 | 0.28 |
| EUR	ROYAL BANK OF CANADA-REG-S 0.12500% 16-11.03.21 | 100 000.00 | 100 564.00 | 0.10 |
| EUR	SKANDINAVISKA ENSKILDA BANKEN AB-REG-S 0.37500% 19-09.02.26 | 150 000.00 | 154 596.00 | 0.15 |
| EUR	SPAIN, KINGDOM OF 0.05000% 17-31.01.21 | 170 000.00 | 170 949.28 | 0.16 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 1.45000% 19-30.04.29 | 300 000.00 | 329 202.60 | 0.31 |
| EUR	STADSHYPOTEK AB-REG-S 0.50000% 18-11.07.25 | 300 000.00 | 311 023.80 | 0.29 |
| Total EUR |  | 13 111 758.86 | 12.44 |
| Total Anleihen, fester Zins |  | 13 111 758.86 | 12.44 |

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

Anleihen, Nullcoupon
| EUR |  |
| --- | --- |
| EUR | FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 16-25.05.21 | 200 000.00 | 201 789.60 | 0.19 |
| EUR | FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 16-25.05.22 | 200 000.00 | 203 002.00 | 0.19 |
| EUR | FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 17-25.03.23 | 800 000.00 | 815 349.84 | 0.78 |
| EUR | GERMANY, REPUBLIC OF-REG-S 0.00000% 17-08.04.22 | 200 000.00 | 203 082.40 | 0.19 |
| EUR | NRW BANK 0.00000% 17-01.02.22 | 200 000.00 | 201 688.00 | 0.19 |
| EUR | TORONTO DOMINION BANK-REG-S 0.00000% 19-09.02.24 | 280 000.00 | 282 371.60 | 0.27 |
| Total EUR |  |  | 1 907 283.44 | 1.81 |
| Total Anleihen, Nullcoupon |  | 1 907 283.44 | 1.81 |
| Anleihen, variabler Zins |  |  |  |
| EUR |  |  |  |
| EUR	UBS GROUP AG-REG-S 1.250%/VAR 18-17.04.25 | 200 000.00 | 207 640.00 | 0.20 |
| Total EUR |  | 207 640.00 | 0.20 |
| Total Anleihen, variabler Zins |  | 207 640.00 | 0.20 |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 405 000.00 | 500 192.19 | 0.47 |
| USD	AMERICA, UNITED STATES OF 4.37500% 08-15.02.38 | 405 000.00 | 499 804.79 | 0.47 |
| USD	AMERICA, UNITED STATES OF 4.37500% 11-15.05.41 | 400 000.00 | 502 264.50 | 0.48 |
| USD	AMERICA, UNITED STATES OF 3.00000% 18-15.08.48 | 1 110 000.00 | 1 176 279.36 | 1.12 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 2 250 000.00 | 2 115 799.72 | 2.01 |
| USD	AMERICA, UNITED STATES OF 2.75000% 14-15.02.24 | 930 000.00 | 881 581.38 | 0.84 |
| USD	AMERICA, UNITED STATES OF 3.62500% 10-15.02.20 | 1 650 000.00 | 1 501 957.62 | 1.42 |
| USD	AMERICA, UNITED STATES OF 2.62500% 10-15.11.20 | 243 000.00 | 222 307.95 | 0.21 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 1 192 000.00 | 1 071 410.47 | 1.02 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 955 000.00 | 858 420.58 | 0.81 |
| USD	AMERICA, UNITED STATES OF 1.75000% 13-15.05.23 | 3 837 000.00 | 3 495 588.77 | 3.31 |
| Total USD |  | 12 825 607.33 | 12.16 |
| Total Treasury-Notes, fester Zins |  | 12 825 607.33 | 12.16 |
| Treasury-Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 100 000.00 | 189 095.39 | 0.18 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 130 000.00 | 178 149.70 | 0.17 |
| USD	AMERICA, UNITED STATES OF 0.500%/CPI LINKED 18-15.01.28 | 320 000.00 | 309 192.76 | 0.29 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 170 000.00 | 170 881.55 | 0.16 |
| USD	AMERICA, UNITED STATES OF 1.125%/CPI LINKED 11-15.01.21 | 50 000.00 | 53 578.54 | 0.05 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.01.22 | 100 000.00 | 102 278.48 | 0.10 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 13-15.01.23 | 180 000.00 | 180 503.03 | 0.17 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 70 000.00 | 68 272.68 | 0.06 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 175 000.00 | 174 099.27 | 0.17 |
| Total USD |  | 1 426 051.40 | 1.35 |
| Total Treasury-Notes, variabler Zins | 1 426 051.40 | 1.35 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 38 060 850.53 | 36.10 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Treasury-Notes, fester Zins |  |  |
| USD |  |  |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22	355 000.00 | 323 110.73 | 0.31 |
| Total USD | 323 110.73 | 0.31 |
| Total Treasury-Notes, fester Zins | 323 110.73 | 0.31 |
| Treasury-Notes, variabler Zins |  |  |
| USD |  |  |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 14-15.01.24	170 000.00 | 172 342.03 | 0.16 |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25	180 000.00 | 177 425.27 | 0.17 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22	170 000.00 | 171 865.38 | 0.16 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23	170 000.00 | 171 494.03 | 0.16 |
| Total USD | 693 126.71 | 0.65 |
| Total Treasury-Notes, variabler Zins | 693 126.71 | 0.65 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden | 1 016 237.44 | 0.96 |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
| Irland |  |
| --- | --- |
| USD | SOURCE MARKETS PLC - MSCI USA SOURCE ETF-A | 9 397.00 | 719 604.30 | 0.68 |
| USD | UBS ETFS PLC - MSCI USA TRN INDEX SF (USD) A-ACC | 9 360.00 | 717 747.14 | 0.68 |
| Total Irland | 1 437 351.44 | 1.36 |

UBS (Lux) Strategy SICAV – Income (EUR) Halbjahresbericht per 30. November 2019
| Bezeichnung	Anzahl/ | Bewertung in EUR | in % des |
| --- | --- | --- |
| Nominal | NR Kursgewinn | Netto- |
|  | (-verlust) auf Futures/ | vermögens |
|  | Devisentermin- |  |
|  | kontrakten/ |  |
|  | Swaps (Erl. 1) |  |
| Luxemburg |  |  |
| EUR	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC	16 597.00 | 2 208 396.82 | 2.10 |
| EUR	UBS (LUX) BOND SICAV - EUR CORPORATES (EUR) U-X-ACC	1 278.00 | 15 761 458.98 | 14.95 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC	182.00 | 3 264 513.17 | 3.10 |
| USD	UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD) I-X-DIS	22 753.00 | 2 200 804.87 | 2.09 |
| USD	UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U-X-ACC	1 660.12 | 17 208 715.86 | 16.32 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD) U-X ACC	570.00 | 7 047 083.80 | 6.68 |
| EUR	UBS (LUX) EQUITY FUND - EURO COUNTRIES OPPORT U-X-ACC	121.00 | 2 753 605.47 | 2.61 |
| USD	UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC	198.00 | 1 954 875.59 | 1.85 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL QUANTITATIVE (USD) U-X-ACC	277.00 | 3 874 528.08 | 3.68 |
| USD	UBS (LUX) INST FUND - KEY SEL. GLOBAL EQUITY FA-USD	197.00 | 4 566 485.37 | 4.33 |
| USD	UBS (LUX) INSTITUTION SICAV - EQUITIES GLB (EX USA) PASSIVE XA	9 083.00 | 843 798.01 | 0.80 |
| Total Luxemburg | 61 684 266.02 | 58.51 |
| Total Investment Fonds, open end | 63 121 617.46 | 59.87 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 | 63 121 617.46 | 59.87 |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden Optionen auf Indizes, klassisch |  |  |
| USD |  |  |
| USD	S&P 500 INDEX PUT 2700.00000 20.12.19	9.00 | 808.09 | 0.00 |
| Total USD | 808.09 | 0.00 |
| Total Optionen auf Indizes, klassisch | 808.09 | 0.00 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden | 808.09 | 0.00 |
| Total des Wertpapierbestandes | 102 199 513.52 | 96.93 |

| Derivative Instrumente |  |
| --- | --- |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden Finanzterminkontrakte auf Indizes |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 20.12.19 | -61.00 | -116 798.27 | -0.11 |
| CHF	SWISS MARKET INDEX FUTURE 20.12.19 | 26.00 | 122 522.05 | 0.12 |
| GBP	FTSE 100 INDEX FUTURE 20.12.19 | -8.00 | -6 702.88 | -0.01 |
| USD	S&P500 EMINI FUTURE 20.12.19 | 10.00 | 36 377.30 | 0.03 |
| AUD	SPI 200 INDEX FUTURE 19.12.19 | -2.00 | -5 060.27 | 0.00 |
| CAD	S&P/TSX 60 INDEX FUTURE 19.12.19 | -2.00 | -5 913.17 | -0.01 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 12.12.19 | 6.00 | 101 929.07 | 0.10 |
| Total Finanzterminkontrakte auf Indizes |  | 126 353.83 | 0.12 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | 126 353.83 | 0.12 |
| Total Derivative Instrumente |  | 126 353.83 | 0.12 |
| Devisenterminkontrakte Devisenterminkontrakte (Kauf/Verkauf) |  |  |  |

| USD | 60 000.00 | EUR | 54 106.31 | 9.1.2020 | 144.52 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 5 692.49 | GBP | 5 000.00 | 9.1.2020 | -165.16 | 0.00 |
| EUR | 46 886.94 | DKK | 350 000.00 | 9.1.2020 | 27.19 | 0.00 |
| SGD | 70 000.00 | EUR | 46 139.39 | 9.1.2020 | 163.08 | 0.00 |
| EUR | 1 408 943.81 | CAD | 2 063 618.00 | 9.1.2020 | 3 637.11 | 0.00 |
| GBP | 545 646.48 | EUR | 624 598.90 | 9.1.2020 | 14 642.86 | 0.01 |
| EUR | 108 242.12 | HKD | 940 000.00 | 9.1.2020 | -290.14 | 0.00 |
| NZD | 5 000.00 | EUR | 2 840.98 | 9.1.2020 | 62.81 | 0.00 |
| EUR | 1 816 347.58 | AUD | 2 966 529.71 | 9.1.2020 | 43.59 | 0.00 |
| NOK | 20 890 181.85 | EUR | 2 063 369.67 | 9.1.2020 | -11 472.60 | -0.01 |
| EUR | 9 634.05 | ZAR | 160 000.00 | 9.1.2020 | -183.58 | 0.00 |
| JPY | 41 864 296.00 | EUR | 351 029.13 | 9.1.2020 | -4 227.53 | 0.00 |
| EUR | 74 748.56 | SEK | 810 124.90 | 9.1.2020 | -1 977.72 | 0.00 |
| EUR | 26 798 196.72 | USD | 29 685 380.84 | 9.1.2020 | -42 745.60 | -0.04 |
| EUR | 356 503.93 | CHF | 391 329.02 | 9.1.2020 | 1 190.66 | 0.00 |
| USD | 252 796.46 | EUR | 227 588.73 | 9.1.2020 | 984.90 | 0.00 |
| USD | 80 000.00 | EUR | 71 493.68 | 9.1.2020 | 840.76 | 0.00 |
| USD | 170 000.00 | EUR | 151 975.41 | 9.1.2020 | 1 735.27 | 0.00 |
| EUR | 53 731.38 | GBP | 46 500.00 | 9.1.2020 | -744.81 | 0.00 |
| USD | 80 000.00 | EUR | 71 488.12 | 9.1.2020 | 846.32 | 0.00 |
| EUR | 1 014 323.72 | GBP | 881 000.00 | 9.1.2020 | -17 795.08 | -0.02 |
| USD | 960 851.69 | NOK | 8 825 000.00 | 9.1.2020 | 1 970.22 | 0.00 |
| CAD | 1 490 955.39 | NOK | 10 480 000.00 | 9.1.2020 | -14 085.75 | -0.01 |
| HKD | 340 000.00 | EUR | 38 918.84 | 9.1.2020 | 337.51 | 0.00 |
| EUR | 185 169.39 | NOK | 1 900 000.00 | 9.1.2020 | -1 454.38 | 0.00 |
| CAD | 60 000.00 | EUR | 41 242.41 | 9.1.2020 | -382.91 | 0.00 |
| USD | 150 000.00 | EUR | 134 508.28 | 9.1.2020 | 1 118.79 | 0.00 |
| USD | 820 000.00 | EUR | 732 242.23 | 9.1.2020 | 9 185.78 | 0.01 |
| EUR | 66 195.03 | HKD | 580 000.00 | 15.1.2020 | -745.98 | 0.00 |
| EUR | 46 870.97 | DKK | 350 000.00 | 15.1.2020 | 9.12 | 0.00 |
| NZD | 5 000.00 | EUR | 2 876.97 | 15.1.2020 | 26.01 | 0.00 |
| JPY | 41 784 973.00 | EUR | 344 787.53 | 15.1.2020 | 1 337.96 | 0.00 |

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

Devisenterminkontrakte (Fortsetzung)
Devisenterminkontrakte (Kauf/Verkauf)
| EUR | 28 995.68 | NOK | 295 137.99 | 15.1.2020 | 16.63 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 442 470.46 | GBP | 383 008.18 | 15.1.2020 | -6 144.34 | 0.00 |
| CAD | 38 416.38 | EUR | 26 190.61 | 15.1.2020 | -38.51 | 0.00 |
| EUR | 1 652 308.42 | AUD | 2 664 231.67 | 15.1.2020 | 21 452.46 | 0.02 |
| EUR | 65 985.39 | SGD | 100 000.00 | 15.1.2020 | -141.47 | 0.00 |
| EUR | 18 948.53 | SEK | 202 469.29 | 15.1.2020 | -225.52 | 0.00 |
| EUR | 59 827.65 | CHF | 65 905.24 | 15.1.2020 | -14.63 | 0.00 |
| EUR | 24 331 795.70 | USD | 27 211 585.38 | 15.1.2020 | -263 436.23 | -0.25 |
| CHF | 50 000.00 | EUR | 45 955.63 | 9.1.2020 | -557.35 | 0.00 |
| CHF | 50 000.00 | EUR | 45 957.19 | 15.1.2020 | -556.95 | 0.00 |
| IDR | 17 086 370 000.00 | USD | 1 206 579.34 | 16.1.2020 | -1 236.33 | 0.00 |
| USD | 1 241 547.65 | TWD | 37 640 000.00 | 16.1.2020 | 3 569.18 | 0.00 |
| INR | 83 570 000.00 | USD | 1 155 958.23 | 16.1.2020 | 4 035.18 | 0.00 |
| AUD | 60 000.00 | EUR | 36 866.88 | 9.1.2020 | -130.95 | 0.00 |
| AUD | 50 000.00 | EUR | 30 715.44 | 15.1.2020 | -108.94 | 0.00 |
| EUR | 45 582.51 | CHF | 50 000.00 | 9.1.2020 | 184.23 | 0.00 |
| EUR | 170 871.61 | USD | 190 000.00 | 15.1.2020 | -860.17 | 0.00 |
| EUR | 45 583.75 | CHF | 50 000.00 | 15.1.2020 | 183.51 | 0.00 |
| EUR | 170 937.40 | USD | 190 000.00 | 9.1.2020 | -856.89 | 0.00 |
| EUR | 113 056.79 | USD | 125 000.00 | 9.1.2020 | 34.23 | 0.00 |
| EUR | 113 014.27 | USD | 125 000.00 | 15.1.2020 | 32.83 | 0.00 |
| Total Devisenterminkontrakte (Kauf/Verkauf) | -302 766.81 | -0.29 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 3 130 773.06 | 2.97 |
| Andere Aktiva und Passiva | 278 880.09 | 0.27 |
| Total des Nettovermögens | 105 432 753.69 | 100.00 |

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