# UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| Net assets in USD |  | 161 054 770.23 | 65 434 843.59 | 59 744 560.53 |
| Class I-B-acc | LU1323608122 |  |  |  |
| Shares outstanding |  | 185 054.0130 | 178 908.5460 | 116 376.6610 |
| Net asset value per share in USD |  | 166.00 | 141.72 | 124.73 |
| Issue and redemption price per share in USD 1 |  | 166.00 | 141.72 | 124.73 |
| Class (EUR) I-B-acc | LU1776281823 |  |  |  |
| Shares outstanding |  | 32 358.0000 | 10 220.0000 | 28 569.0000 |
| Net asset value per share in EUR |  | 138.04 | 126.74 | 111.34 |
| Issue and redemption price per share in EUR 1 |  | 138.04 | 126.74 | 111.34 |
| Class (EUR hedged) I-B-acc 2 | LU2199646840 |  |  |  |
| Shares outstanding |  | 57 193.9800 | - | - |
| Net asset value per share in EUR |  | 106.62 | - | - |
| Issue and redemption price per share in EUR 1 |  | 106.62 | - | - |
| Class P-4%-mdist | LU1278831067 |  |  |  |
| Shares outstanding |  | 13 586.0130 | 8 617.6770 | 18 430.5070 |
| Net asset value per share in USD |  | 129.18 | 113.61 | 106.07 |
| Issue and redemption price per share in USD 1 |  | 129.18 | 113.61 | 106.07 |
| Class (EUR hedged) P-4%-mdist | LU1278831570 |  |  |  |
| Shares outstanding |  | 5 222.8650 | 6 100.9840 | 5 108.9310 |
| Net asset value per share in EUR |  | 115.34 | 102.20 | 98.36 |
| Issue and redemption price per share in EUR 1 |  | 115.34 | 102.20 | 98.36 |
| Class P-acc | LU1278830929 |  |  |  |
| Shares outstanding |  | 74 814.7640 | 51 412.8950 | 61 912.3910 |
| Net asset value per share in USD |  | 158.03 | 136.31 | 122.39 |
| Issue and redemption price per share in USD 1 |  | 158.03 | 136.31 | 122.39 |
| Class (EUR hedged) P-acc | LU1278831497 |  |  |  |
| Shares outstanding |  | 22 475.9300 | 19 431.6250 | 28 147.3500 |
| Net asset value per share in EUR |  | 141.07 | 122.59 | 113.47 |
| Issue and redemption price per share in EUR 1 |  | 141.07 | 122.59 | 113.47 |
| Class Q-acc | LU1294558454 |  |  |  |
| Shares outstanding |  | 13 532.9320 | 14 128.7450 | 30 170.1640 |
| Net asset value per share in USD |  | 170.31 | 146.14 | 129.88 |
| Issue and redemption price per share in USD 1 |  | 170.31 | 146.14 | 129.88 |
| Class (EUR hedged) Q-acc | LU1294558538 |  |  |  |
| Shares outstanding |  | 18 380.5130 | 27 026.7150 | 30 092.9800 |
| Net asset value per share in EUR |  | 151.98 | 131.37 | 120.37 |
| Issue and redemption price per share in EUR 1 |  | 151.98 | 131.37 | 120.37 |
| Class U-X-acc | LU1278831141 |  |  |  |
| Shares outstanding |  | 5 335.7210 | 1 416.7210 | 1 518.8950 |
| Net asset value per share in USD |  | 17 609.85 | 15 030.26 | 13 218.99 |
| Issue and redemption price per share in USD 1 |  | 17 609.85 | 15 030.26 | 13 218.99 |
| 1  See note 1 2  First NAV: 9.7.2020 |  |  |  |  |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD) Semi-Annual Report as of 30 November 2020

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| United States | 71.73 |
| --- | --- |
| China | 11.09 |
| Japan | 3.50 |
| South Korea | 3.50 |
| Canada | 1.16 |
| South Africa | 1.13 |
| Israel | 0.82 |
| Belgium | 0.64 |
| Argentina | 0.15 |
| Norway | 0.15 |
| Germany | 0.11 |
| Total | 93.98 |

Economic Breakdown as a % of net assets	
| Internet, software & IT services | 24.23 |
| --- | --- |
| Electronics & semiconductors | 9.18 |
| Retail trade, department stores | 7.29 |
| Finance & holding companies | 7.27 |
| Banks & credit institutions | 7.05 |
| Pharmaceuticals, cosmetics & medical products | 5.33 |
| Telecommunications | 4.04 |
| Energy & water supply | 3.80 |
| Miscellaneous services | 3.54 |
| Insurance | 3.45 |
| Computer hardware & network equipment providers | 2.99 |
| Healthcare & social services | 2.89 |
| Miscellaneous consumer goods | 2.08 |
| Food & soft drinks | 1.68 |
| Vehicles | 1.66 |
| Mechanical engineering & industrial equipment | 1.55 |
| Petroleum | 1.21 |
| Graphic design, publishing & media | 1.13 |
| Electrical devices & components | 0.82 |
| Biotechnology | 0.73 |
| Tobacco & alcohol | 0.61 |
| Lodging, catering & leisure | 0.49 |
| Precious metals & stones | 0.49 |
| Miscellaneous unclassified companies | 0.47 |
| Total | 93.98 |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD)
Semi-Annual Report as of 30 November 2020

## Statement of Net Assets
Assets	30.11.2020
USD
Investments in securities, cost	129 153 610.77
Investments in securities, unrealized appreciation (depreciation)		22 207 157.74	 Total investments in securities (Note 1)			151 360 768.51
Cash at banks, deposits on demand and deposit accounts	13 790 790.69*
Receivable on securities sales (Note 1)	175 579.96
Receivable on subscriptions	8 400.32
Other receivables	85 848.53
Total Assets	165 628 850.99
Liabilities
Unrealized gain on forward foreign exchange contracts (Note 1)	207 462.98
Unrealized loss on Synthetic Equity Swaps (Note 1)	-4 169 634.24
Bank overdraft	-4 371.20
Payable on securities purchases (Note 1)	-313 634.77
Payable on dividends	-56 445.74
Provisions for flat fee (Note 2)	-19 142.89
Provisions for taxe d’abonnement (Note 3)	-4 243.54
Provisions for other commissions and fees (Note 2)		-6 608.38		 Total provisions			-29 994.81
Total Liabilities	-4 574 080.76
Net assets at the end of the period	161 054 770.23

## Statement of Operations
Income	1.6.2020-30.11.2020
USD
Interest on liquid assets	240.56
Dividends	383 678.20
Income on Synthetic Equity Swaps (Note 1)	300 390.85
Income on securities lending (Note 14)	16 285.80
Total income	758 125.17
Expenses
Other income (Note 4)	57 529.76
Interest paid on Synthetic Equity Swaps (Note 1)	-567 519.46
Flat fee (Note 2)	-245 981.84
Taxe d’abonnement (Note 3)	-13 029.61
Cost on securities lending (Note 14)	-6 514.32
Other commissions and fees (Note 2)	-6 957.13
Net income (loss) on investments	-83 224.63
Total expenses	-841 349.80
Interest on cash and bank overdraft	-1 347.44
Realized gain (loss) (Note 1)
Realized gain (loss) on market-priced securities without options	6 757 876.27
Realized gain (loss) on forward foreign exchange contracts	2 365 783.93
Realized gain (loss) on Synthetic Equity Swaps	-3 035 290.57
Net realized gain (loss) of the period	5 925 206.93
Total realized gain (loss)	6 008 431.56
Realized gain (loss) on foreign exchange	-79 938.07
Changes in unrealized appreciation (depreciation) (Note 1)
Unrealized appreciation (depreciation) on market-priced securities without options	13 565 597.19
Unrealized appreciation (depreciation) on forward foreign exchange contracts	-131 006.39
Total changes in unrealized appreciation (depreciation)	9 960 666.41
Unrealized appreciation (depreciation) on Synthetic Equity Swaps	-3 473 924.39
Net increase (decrease) in net assets as a result of operations	15 885 873.34
* As at 30 November 2020, cash amounts serves as collateral for the counterparty Goldman Sachs for an amount of USD 5 360 000.00.
UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD) Semi-Annual Report as of 30 November 2020
| Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.6.2020-30.11.2020 |
| Net assets at the beginning of the period | 65 434 843.59 |
| Subscriptions | 138 650 776.75 |
| Redemptions | 	-58 876 310.19	 |
| Total net subscriptions (redemptions) | 79 774 466.56 |
| Dividend paid | -40 413.26 |
| Net income (loss) on investments | -83 224.63 |
| Total realized gain (loss) | 6 008 431.56 |
| Total changes in unrealized appreciation (depreciation) | 	9 960 666.41	 |
| Net increase (decrease) in net assets as a result of operations | 15 885 873.34 |
| Net assets at the end of the period | 161 054 770.23 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2020-30.11.2020 |
| Class | I-B-acc |
| Number of shares outstanding at the beginning of the period | 178 908.5460 |
| Number of shares issued | 34 619.7440 |
| Number of shares redeemed | -28 474.2770 |
| Number of shares outstanding at the end of the period | 185 054.0130 |
| Class | (EUR) I-B-acc |
| Number of shares outstanding at the beginning of the period | 10 220.0000 |
| Number of shares issued | 22 138.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 32 358.0000 |
| Class | (EUR hedged) I-B-acc |
| Number of shares outstanding at the beginning of the period | 0.0000 |
| Number of shares issued | 81 720.0000 |
| Number of shares redeemed | -24 526.0200 |
| Number of shares outstanding at the end of the period | 57 193.9800 |
| Class | P-4%-mdist |
| Number of shares outstanding at the beginning of the period | 8 617.6770 |
| Number of shares issued | 5 007.3360 |
| Number of shares redeemed | -39.0000 |
| Number of shares outstanding at the end of the period | 13 586.0130 |
| Class | (EUR hedged) P-4%-mdist |
| Number of shares outstanding at the beginning of the period | 6 100.9840 |
| Number of shares issued | 626.1410 |
| Number of shares redeemed | -1 504.2600 |
| Number of shares outstanding at the end of the period | 5 222.8650 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 51 412.8950 |
| Number of shares issued | 28 985.8480 |
| Number of shares redeemed | -5 583.9790 |
| Number of shares outstanding at the end of the period | 74 814.7640 |
| Class | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 19 431.6250 |
| Number of shares issued | 46 808.5570 |
| Number of shares redeemed | -43 764.2520 |
| Number of shares outstanding at the end of the period | 22 475.9300 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 14 128.7450 |
| Number of shares issued | 2 268.5650 |
| Number of shares redeemed | -2 864.3780 |
| Number of shares outstanding at the end of the period | 13 532.9320 |
| Class | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 27 026.7150 |
| Number of shares issued | 91 162.3410 |
| Number of shares redeemed | -99 808.5430 |
| Number of shares outstanding at the end of the period | 18 380.5130 |
| Class | U-X-acc |
| Number of shares outstanding at the beginning of the period | 1 416.7210 |
| Number of shares issued | 5 431.0000 |
| Number of shares redeemed | -1 512.0000 |
| Number of shares outstanding at the end of the period | 5 335.7210 |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD)
Semi-Annual Report as of 30 November 2020
| Monthly Distribution 1 |  |
| --- | --- |
| UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| P-4%-mdist | 10.6.2020 | 15.6.2020 | USD | 0.37 |
| P-4%-mdist | 10.7.2020 | 15.7.2020 | USD | 0.39 |
| P-4%-mdist | 10.8.2020 | 13.8.2020 | USD | 0.41 |
| P-4%-mdist | 10.9.2020 | 15.9.2020 | USD | 0.44 |
| P-4%-mdist | 12.10.2020 | 15.10.2020 | USD | 0.43 |
| P-4%-mdist | 10.11.2020 | 13.11.2020 | USD | 0.41 |
| (EUR hedged) P-4%-mdist | 10.6.2020 | 15.6.2020 | EUR | 0.34 |
| (EUR hedged) P-4%-mdist | 10.7.2020 | 15.7.2020 | EUR | 0.35 |
| (EUR hedged) P-4%-mdist | 10.8.2020 | 13.8.2020 | EUR | 0.37 |
| (EUR hedged) P-4%-mdist | 10.9.2020 | 15.9.2020 | EUR | 0.39 |
| (EUR hedged) P-4%-mdist | 12.10.2020 | 15.10.2020 | EUR | 0.38 |
| (EUR hedged) P-4%-mdist | 10.11.2020 | 13.11.2020 | EUR | 0.37 |
| 1  See note 5 |  |  |  |  |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD) Semi-Annual Report as of 30 November 2020

## Statement of Investments in Securities and other Net Assets as of 30 November 2020
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Bearer shares |  |  |  |
| Argentina |  |  |  |
| USD	GEOPARK LIMITED COM USD0.001 | 26 240.00 | 239 571.20 | 0.15 |
| Total Argentina |  | 239 571.20 | 0.15 |
| Canada |  |  |  |
| CAD	IVANHOE MINES LTD COM NPV CL’A’ | 166 641.00 | 781 832.92 | 0.49 |
| CAD	MEG ENERGY CORP COM NPV | 117 961.00 | 332 246.04 | 0.20 |
| Total Canada |  | 1 114 078.96 | 0.69 |
| China |  |  |  |
| HKD	CHINA MEIDONG AUTO HKD0.1 | 386 000.00 | 1 672 957.11 | 1.04 |
| CNY	KWEICHOW MOUTAI ‘A’CNY1 | 3 800.00 | 989 465.22 | 0.61 |
| CNY	XIAN LONGI SILICON ‘A’CNY1 | 212 273.00 | 2 215 544.21 | 1.38 |
| HKD	ZHONGSHENG GROUP H HKD0.0001 REG’S | 133 000.00 | 998 465.01 | 0.62 |
| Total China |  | 5 876 431.55 | 3.65 |
| Germany |  |  |  |
| EUR	SERVICEWARE SE NPV | 10 763.00 | 179 602.07 | 0.11 |
| Total Germany |  | 179 602.07 | 0.11 |
| Israel |  |  |  |
| USD	SOLAREDGE TECHNOLO USD0.0001 | 4 741.00 | 1 317 903.18 | 0.82 |
| Total Israel |  | 1 317 903.18 | 0.82 |
| South Africa |  |  |  |
| ZAR	NASPERS ‘N’ ZAR0.02 | 8 994.00 | 1 818 384.71 | 1.13 |
| Total South Africa |  | 1 818 384.71 | 1.13 |
| South Korea |  |  |  |
| KRW	NCSOFT CORPN KRW500 | 2 172.00 | 1 589 914.55 | 0.99 |
| KRW	SAMSUNG ELECTRONIC KRW100 | 41 566.00 | 2 505 491.95 | 1.55 |
| KRW	SAMSUNG SDI KRW5000 | 3 204.00 | 1 543 293.97 | 0.96 |
| Total South Korea |  | 5 638 700.47 | 3.50 |
| United States |  |  |  |
| USD	ALPHABET INC CAP STK USD0.001 CL C | 3 171.00 | 5 583 306.54 | 3.47 |
| USD	COCA-COLA CO COM USD0.25 | 52 343.00 | 2 700 898.80 | 1.68 |
| USD	EDWARDS LIFESCIENCES CORP COM | 18 024.00 | 1 512 033.36 | 0.94 |
| USD	EPAM SYS INC COM USD0.001 | 2 535.00 | 817 106.55 | 0.51 |
| USD	GENERAC HLDGS INC COM USD0.01 | 12 630.00 | 2 723 028.00 | 1.69 |
| USD	JP MORGAN CHASE & COM USD1 | 22 746.00 | 2 681 298.48 | 1.66 |
| USD	MARSH & MCLENNAN COM USD1 | 27 753.00 | 3 181 603.92 | 1.97 |
| USD	MOODYS CORP COM USD0.01 | 11 310.00 | 3 193 265.40 | 1.98 |
| USD	NEXTERA ENERGY INC COM USD0.01 | 66 791.00 | 4 915 149.69 | 3.05 |
| USD	PROGRESSIVE CP(OH) COM USD1 | 27 348.00 | 2 382 284.28 | 1.48 |
| USD	ZOETIS INC COM USD0.01 CL ‘A’ | 7 795.00 | 1 250 162.10 | 0.78 |
| Total United States |  | 30 940 137.12 | 19.21 |
| Total Bearer shares |  | 47 124 809.26 | 29.26 |
| Registered shares |  |  |  |
| Belgium |  |  |  |
| EUR	UNIFIEDPOST GROUP EUR0.01	40 717.00 | 1 037 430.89 | 0.64 |
| Total Belgium | 1 037 430.89 | 0.64 |
| China |  |  |  |  |
| CNY | CONTEMPORARY AMPER A CNY1 | 40 369.00 | 1 489 105.95 | 0.92 |
| HKD | HANGZHOU TIGERMED NPV | 70 600.00 | 1 188 429.54 | 0.74 |
| HKD | WUXI BIOLOGICS (CA USD0.0000083(PL 18/12/2020) | 120 000.00 | 1 171 751.05 | 0.73 |
| HKD | YIHAI INTERNATIONA USD0.00001 | 68 000.00 | 796 878.43 | 0.50 |
| Total China | 4 646 164.97 | 2.89 |
| Japan |  |  |  |  |
| JPY | NEC CORP NPV | 41 700.00 | 2 251 460.09 | 1.40 |
| JPY | SONY CORP NPV | 36 400.00 | 3 387 442.83 | 2.10 |
| Total Japan | 5 638 902.92 | 3.50 |
| Norway |  |  |  |  |
| NOK | PEXIP HOLDING ASA NOK0.015 | 35 342.00 | 236 834.42 | 0.15 |
| Total Norway |  | 236 834.42 | 0.15 |
| United States |  |  |  |
| USD	ABBOTT LABS COM | 25 455.00 | 2 754 740.10 | 1.71 |
| USD	ADOBE INC COM USD0.0001 | 12 242.00 | 5 857 429.74 | 3.64 |
| USD	AMAZON COM INC COM USD0.01 | 2 484.00 | 7 869 411.36 | 4.89 |
| USD	AMPHENOL CORP NEW CL A | 7 580.00 | 991 539.80 | 0.62 |
| USD	ANTHEM INC COM USD0.01 | 5 144.00 | 1 602 458.88 | 0.99 |
| USD	APACHE CORP COM USD0.625 | 47 257.00 | 609 142.73 | 0.38 |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD)
Semi-Annual Report as of 30 November 2020
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | APPLE INC COM NPV | 21 597.00 | 2 571 122.85 | 1.60 |
| USD | BEST BUY CO INC COM USD0.10 | 5 920.00 | 644 096.00 | 0.40 |
| USD | CHARTER COMMUN INC COM USD0.001 CLASS ‘A’ | 4 520.00 | 2 946 994.80 | 1.83 |
| USD | DANAHER CORP COM USD0.01 | 4 487.00 | 1 007 914.81 | 0.63 |
| USD | DATTO HLDG CORP USD0.001 | 40 862.00 | 1 139 641.18 | 0.71 |
| USD | DOLLAR TREE INC | 17 151.00 | 1 873 575.24 | 1.16 |
| USD | EVERSOURCE ENERGY COM USD5 | 13 758.00 | 1 203 962.58 | 0.75 |
| USD | FACEBOOK INC COM USD0.000006 CL ‘A’ | 21 308.00 | 5 901 676.76 | 3.66 |
| USD | HESS CORPORATION COM USD1 | 21 516.00 | 1 015 124.88 | 0.63 |
| USD | HOME DEPOT INC COM USD0.05 | 5 658.00 | 1 569 585.78 | 0.98 |
| USD | INTUIT INC COM USD0.01 | 6 281.00 | 2 211 037.62 | 1.37 |
| USD | MASTERCARD INC COM USD0.0001 CLASS ‘A’ | 17 246.00 | 5 803 451.46 | 3.60 |
| USD | MICROSOFT CORP COM USD0.0000125 | 52 564.00 | 11 252 375.48 | 6.99 |
| USD | PAYPAL HOLDINGS IN COM USD0.0001 | 17 152.00 | 3 672 586.24 | 2.28 |
| USD | PPD INC COM USD0.01 | 53 757.00 | 1 881 495.00 | 1.17 |
| USD | PROCTER & GAMBLE COM NPV | 24 164.00 | 3 355 654.68 | 2.08 |
| USD | SERVICENOW INC COM USD0.001 | 6 455.00 | 3 450 520.25 | 2.14 |
| USD | T-MOBILE US INC COM USD0.0001 | 24 985.00 | 3 321 505.90 | 2.06 |
| USD | THERMO FISHER SCIE COM USD1 | 8 919.00 | 4 147 156.62 | 2.58 |
| USD | UNITEDHEALTH GRP COM USD0.01 | 4 230.00 | 1 422 718.20 | 0.88 |
| USD | VISA INC COM STK USD0.0001 | 10 898.00 | 2 292 394.30 | 1.42 |
| USD | VOYA FINL INC COM USD0.01 | 9 909.00 | 571 055.67 | 0.35 |
| USD | WALMART INC COM USD0.10 | 10 797.00 | 1 649 673.63 | 1.02 |
| Total United States |  | 84 590 042.54 | 52.52 |
| Total Registered shares |  | 96 149 375.74 | 59.70 |
| Depository receipts |  |  |  |
| China |  |  |  |
| USD	ALIBABA GROUP HLDG SPON ADS EACH REP ONE ORD-ADR | 21 631.00 | 5 696 740.16 | 3.54 |
| USD	TAL EDUCATION GRP ADS EA REPR 2 CL A ORD SHS | 23 200.00 | 1 625 392.00 | 1.01 |
| Total China |  | 7 322 132.16 | 4.55 |
| Total Depository receipts |  | 7 322 132.16 | 4.55 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 150 596 317.16 | 93.51 |

Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market
Bearer shares
| Canada |  |
| --- | --- |
| CAD | OSISKO DEVELOPMENT HOLDINGS INC | 132 087.00 | 764 451.35 | 0.47 |
| Total Canada | 764 451.35 | 0.47 |
| Total Bearer shares | 764 451.35 | 0.47 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market | 764 451.35 | 0.47 |
| Total investments in securities | 151 360 768.51 | 93.98 |


## Derivative instruments
Derivative instruments not listed on an official stock exchange and not traded on another regulated market
Synthetic Equity Swaps*
| EUR | GOLDMAN SACHS/NOKIA OYJ (SYNTHETIC EQUITY SWAP) | -118 096.00 | 7 246.96 | 0.00 |
| --- | --- | --- | --- | --- |
| SEK | GOLDMAN SACHS/SANDVIK AB NPV (SYNTHETIC EQUITY SWAP) | 90 847.00 | 359 679.63 | 0.22 |
| EUR | GOLDMAN SACHS/SIEMENS AG (SYNTHETIC EQUITY SWAP) | 22 174.00 | 299 727.29 | 0.19 |
| GBP | GOLDMAN SACHS/WPP PLC (SYNTHETIC EQUITY SWAP) | -49 785.00 | -72 447.36 | -0.04 |
| USD | GOLDMAN SACHS/HUTCHISON PORT HL NPV(SYNTHETIC EQUITY SWAP) | -4 677 800.00 | -201 145.40 | -0.12 |
| USD | GOLDMAN SACHS/TRANSOCEAN LTD (SYNTHETIC EQUITY SWAP) | -562 317.00 | -663 252.90 | -0.41 |
| CHF | GOLDMAN SACHS/DUFRY AG(SYNTHETIC EQUITY SWAP) | -17 679.00 | -312 453.33 | -0.19 |
| EUR | GOLDMAN SACHS/L’OREAL (SYNTHETIC EQUITY SWAP) | 2 669.00 | 16 512.62 | 0.01 |
| DKK | GOLDMAN SACHS/NOVO-NORDISK AS(SYNTHETIC EQUITY SWAP) | 39 848.00 | 31 191.74 | 0.02 |
| EUR | GOLDMAN SACHS/LVMH MOET HENNESSY (SYNTHETIC EQUITY SWAP) | 5 285.00 | 509 546.51 | 0.32 |
| GBP | GOLDMAN SACHS/SOUTH32 LTD NPV(SYNTHETIC EQUITY SWAP) | -167 704.00 | -49 301.29 | -0.03 |
| EUR | GOLDMAN SACHS/SAMPO OYJ SER’A’ (SYNTHETIC EQUITY SWAP) | 91 577.00 | 419 555.08 | 0.26 |
| EUR | GOLDMAN SACHS/MONCLER SPA NPV (SYNTHETIC EQUITY SWAP) | 24 229.00 | 197 082.56 | 0.12 |
| EUR | GOLDMAN SACHS/VARTA AG (SYNTHETIC EQUITY SWAP) | 9 563.00 | 65 203.79 | 0.04 |
| USD | GOLDMAN SACHS/SNAP-ON INC COM (SYNTHETIC EQUITY SWAP) | -4 333.00 | -79 380.56 | -0.05 |
| USD | GOLDMAN SACHS/KRATOS DEFENSE (SYNTHETIC EQUITY SWAP) | -21 595.00 | -49 236.60 | -0.03 |
| DKK | GOLDMAN SACHS/ISS A/S (SYNTHETIC EQUITY SWAP) | -139 246.00 | -696 174.06 | -0.43 |
| EUR | GOLDMAN SACHS/SCHNEIDER ELECTRIC (SYNTHETIC EQUITY SWAP) | 23 190.00 | 345 361.48 | 0.21 |
| USD | GOLDMAN SACHS/GTT COMMUNICATIONS COM (SYNTHETIC EQUITY SWAP) | -20 307.00 | -17 260.95 | -0.01 |
| USD | GOLDMAN SACHS/BELDEN INC COM (SYNTHETIC EQUITY SWAP) | -15 974.00 | -107 920.34 | -0.07 |
| USD | GOLDMAN SACHS/DISH NETWORK (SYNTHETIC EQUITY SWAP) | -28 312.00 | -293 878.56 | -0.18 |
| HKD | GOLDMAN SACHS/CANVEST ENVIRONMENT(SYNTHETIC EQUITY SWAP) | -1 115 000.00 | 1 438.25 | 0.00 |
| USD | GOLDMAN SACHS/HANESBRANDS INC COM (SYNTHETIC EQUITY SWAP) | -38 330.00 | 71 677.10 | 0.04 |
| USD | GOLDMAN SACHS/RALPH LAUREN CORP CLAS(SYNTHETIC EQUITY SWAP) | -9 697.00 | -171 949.16 | -0.11 |

* Positive nominal: the subfund is “Receiver”, negative nominal: the subfund is “Payer”.
UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD) Semi-Annual Report as of 30 November 2020
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | GOLDMAN SACHS/SAMSUNG HEAVY (SYNTHETIC EQUITY SWAP) | -41 517.00 | -71 550.00 | -0.04 |
| SEK | GOLDMAN SACHS/BILLERUDKORSNAS AB NPV (SYNTHETIC EQUITY SWAP) | -22 382.00 | 3 010.53 | 0.00 |
| HKD | GOLDMAN SACHS/361 DEGREES INTERN (SYNTHETIC EQUITY SWAP) | -905 000.00 | -2 334.73 | 0.00 |
| EUR | GOLDMAN SACHS/AIR LIQUIDE POST-SUB (SYNTHETIC EQUITY SWAP) | 18 751.00 | 272 523.85 | 0.17 |
| USD | GOLDMAN SACHS/AT&T INC COM (SYNTHETIC EQUITY SWAP) | -21 221.00 | -36 712.33 | -0.02 |
| USD | GOLDMAN SACHS/MACERICH CO COM (SYNTHETIC EQUITY SWAP) | -20 834.00 | -63 335.36 | -0.04 |
| USD | GOLDMAN SACHS/WAYFAIR INC COM(SYNTHETIC EQUITY SWAP) | -2 601.00 | -16 464.33 | -0.01 |
| CHF | GS/ROCHE HLDGS AG GENUSSCHEINE NPV (SYNTHETIC EQUITY SWAP) | 8 076.00 | 38 359.44 | 0.02 |
| USD | GOLDMAN SACHS/IQIYI INC SPON EACH AD (SYNTHETIC EQUITY SWAP) | -17 900.00 | 41 886.00 | 0.03 |
| GBP | GOLDMAN SACHS/UNILEVER PLC (SYNTHETIC EQUITY SWAP) | 20 011.00 | 44 615.19 | 0.03 |
| EUR | GOLDMAN SACHS/KNORR BREMSE (SYNTHETIC EQUITY SWAP) | -1 527.00 | -14 338.79 | -0.01 |
| USD | GS/WILEY(JOHN) & SONS CLASS’A’COM (SYNTHETIC EQUITY SWAP) | -22 690.00 | -81 230.20 | -0.05 |
| EUR | GOLDMAN SACH/KONINKLIJKE PHILIPS (SYNTHETIC EQUITY SWAP) | 48 034.00 | 200 242.07 | 0.12 |
| GBP | GOLDMAN SACHS/SOFTCAT PLC ORD (SYNTHETIC EQUITY SWAP) | 34 223.00 | 4 112.05 | 0.00 |
| DKK | GOLDMAN SACHS/H.LUNDBECK (SYNTHETIC EQUITY SWAP) | -6 449.00 | -11 244.94 | -0.01 |
| EUR | GOLDMAN SACHS/ASML HOLDING NV (SYNTHETIC EQUITY SWAP) | 3 329.00 | 206 474.47 | 0.13 |
| USD | GOLDMAN SACHS/8X8 INC NEW COM (SYNTHETIC EQUITY SWAP) | -62 137.00 | -154 721.13 | -0.10 |
| USD | GOLDMAN SACHS/OMNICOM GROUP INC COM (SYNTHETIC EQUITY SWAP) | -1 458.00 | -23 036.40 | -0.01 |
| GBP | GOLDMAN SACHS/GREGGS ORD (SYNTHETIC EQUITY SWAP) | -23 300.00 | -83 583.25 | -0.05 |
| USD | GS/BED BATH & BEYOND INC COM (SYNTHETIC EQUITY SWAP) | -9 118.00 | -10 576.88 | -0.01 |
| USD | GOLDMAN SACHS/CLOROX CO DEL COM (SYNTHETIC EQUITY SWAP) | -12 308.00 | 52 801.32 | 0.03 |
| USD | GOLDMAN SACHS/LIBERTY GLOBAL (SYNTHETIC EQUITY SWAP) | -26 900.00 | -80 162.00 | -0.05 |
| HKD | GOLDMAN SACHS/PETROCHINA CO (SYNTHETIC EQUITY SWAP) | -998 000.00 | -38 619.80 | -0.02 |
| EUR | GOLDMAN SACHS/UNIBAIL-RODAMCO-WE NPV (SYNTHETIC EQUITY SWAP) | -3 822.00 | -112 468.16 | -0.07 |
| GBP | GOLDMAN SACHS/DOMINO’S PIZZA GRP ORD (SYNTHETIC EQUITY SWAP) | -287 359.00 | 44 334.66 | 0.03 |
| USD | GOLDMANSACHS/FAR EASTONE TELECO (SYNTHETIC EQUITY SWAP) | -322 000.00 | -24 787.17 | -0.03 |
| EUR | GOLDMAN SACHS/PROSUS NV (SYNTHETIC EQUITY SWAP) | 10 370.00 | 62 767.25 | 0.04 |
| SEK | GOLDMAN SACHS/LUNDIN PETROLEUM (SYNTHETIC EQUITY SWAP) | 29 700.00 | 123 145.71 | 0.08 |
| EUR | GOLDMAN SACHS/KLEPIERRE (SYNTHETIC EQUITY SWAP) | -23 742.00 | -216 551.38 | -0.13 |
| JPY | GOLDMAN SACHS/DENTSU GROUP INC (SYNTHETIC EQUITY SWAP) | -33 993.00 | -133 331.45 | -0.08 |
| USD | GOLDMAN SACHS/JUNIPER NETWORKS INC (SYNTHETIC EQUITY SWAP) | -34 843.00 | -71 428.15 | -0.04 |
| USD | GOLDMAN SACHS/KOHLS CORP COM (SYNTHETIC EQUITY SWAP) | -48 727.00 | -531 611.57 | -0.33 |
| HKD | GOLDMAN SACHS/CN UNICOM (SYNTHETIC EQUITY SWAP) | -752 000.00 | 9 700.10 | 0.01 |
| SEK | GOLDMAN SACHS/ELECTROLUX PROFESS SE (SYNTHETIC EQUITY SWAP) | -54 971.00 | -73 103.92 | -0.06 |
| USD | GOLDMAN SACHS/COGENT COMMUNICATI COM (SYNTHETIC EQUITY SWAP) | -2 971.00 | -6 952.14 | 0.00 |
| USD | GOLDMAN SACHS/ZOOM VIDEO COMMUNI COM (SYNTHETIC EQUITY SWAP) | -315.00 | -5 496.75 | 0.00 |
| EUR | GOLDMAN SACHS/SHOP APOTHEKE (SYNTHETIC EQUITY SWAP) | 7 677.00 | -93 668.92 | -0.06 |
| USD | GOLDMAN SACHS/NABORS INDS LTD COM (SYNTHETIC EQUITY SWAP) | -26 557.00 | -617 350.40 | -0.38 |
| USD | GOLDMAN SACHS/PHILIP MORRIS INTL COM (SYNTHETIC EQUITY SWAP) | -4 085.00 | -19 322.05 | -0.01 |
| EUR | GOLDMAN SACHS/STROEER SE NPV (SYNTHETIC EQUITY SWAP) | -13 690.00 | -212 068.92 | -0.13 |
| USD | GOLDMAN SACHS/ARISTA NETWORKS IN COM (SYNTHETIC EQUITY SWAP) | -3 619.00 | -223 654.20 | -0.14 |
| EUR | GOLDMAN SACHS/IMMOBEL NPV (SYNTHETIC EQUITY SWAP) | 7 153.00 | 29 091.82 | 0.02 |
| EUR | GOLDMAN SACHS/LAGARDERE SCA (SYNTHETIC EQUITY SWAP) | -57 868.00 | -62 299.53 | -0.04 |
| USD | GOLDMAN SACHS/U S SILICA HLDGS I COM (SYNTHETIC EQUITY SWAP) | -94 479.00 | -151 166.40 | -0.09 |
| USD | GS/PATTERSON UTI ENERGY INC COM (SYNTHETIC EQUITY SWAP) | -119 794.00 | -209 639.50 | -0.13 |
| USD | GS/SINCLAIR BROADCAST GROUP (SYNTHETIC EQUITY SWAP) | -49 680.00 | -431 222.40 | -0.27 |
| USD | GOLDMAN SACHS/SCRIPPS (EW) CO COM (SYNTHETIC EQUITY SWAP) | -78 143.00 | -287 566.24 | -0.18 |
| USD | GOLDMAN SACHS/GROUPON INC (SYNTHETIC EQUITY SWAP) | -21 048.00 | -226 686.96 | -0.14 |
| EUR | GOLDMAN SACHS/ALFEN NV (SYNTHETIC EQUITY SWAP) | 22 731.00 | 361 637.94 | 0.22 |
| EUR | GOLDMAN SACHS/SANOFI (SYNTHETIC EQUITY SWAP) | 27 255.00 | 239 301.84 | 0.15 |
| EUR | GOLDMAN SACHS/EURONAV NPV (SYNTHETIC EQUITY SWAP) | 25 833.00 | 10 197.47 | 0.01 |
| USD | GS/CENTURYLINK INC COM (SYNTHETIC EQUITY SWAP) | -93 558.00 | -171 211.14 | -0.11 |
| HKD | GOLDMAN SACHS/CHINA OILFIELD SER (SYNTHETIC EQUITY SWAP) | -741 000.00 | -115 654.31 | -0.07 |
| HKD | GOLDMAN SACHS/CHINA CITIC BK COR (SYNTHETIC EQUITY SWAP) | -1 393 000.00 | -35 936.79 | -0.02 |
| HKD | GOLDMAN SACHS/BANK OF CHINA LTD (SYNTHETIC EQUITY SWAP) | -1 841 000.00 | -68 866.82 | -0.04 |
| USD | GOLDMAN SACHS/INTL BUSINESS MCHN COM (SYNTHETIC EQUITY SWAP) | -5 973.00 | -70 839.78 | -0.04 |
| EUR | GOLDMAN SACHS/PUBLICIS GROUPE SA (SYNTHETIC EQUITY SWAP) | -13 538.00 | -134 249.55 | -0.08 |
| GBP | GOLDMAN SACHS/LAND SECURITIES GP ORD (SYNTHETIC EQUITY SWAP) | -61 494.00 | -121 750.69 | -0.08 |
| USD | GOLDMAN SACHS/VALERO ENERGY CORP NEW(SYNTHETIC EQUITY SWAP) | -20 736.00 | -314 357.76 | -0.21 |
| USD | GOLDMAN SACHS/SHAKE SHACK INC COM (SYNTHETIC EQUITY SWAP) | -6 529.00 | -92 320.06 | -0.06 |
| USD | GOLDMAN SACHS/MONRO INC COM (SYNTHETIC EQUITY SWAP) | -15 972.00 | -79 061.40 | -0.05 |
| EUR | GOLDMAN SACHS/VONOVIA SE (SYNTHETIC EQUITY SWAP) | 13 977.00 | 44 473.30 | 0.03 |
| JPY | GOLDMAN SACHS/NIPPON PAPER INDUS NPV(SYNTHETIC EQUITY SWAP) | -84 900.00 | 42 338.05 | 0.03 |
| JPY | GOLDMAN SACHS/OJI HOLDINGS CO NPV (SYNTHETIC EQUITY SWAP) | -224 400.00 | -75 320.07 | -0.05 |
| USD | GOLDMAN SACHS/HEALTHEQUITY INC COM (SYNTHETIC EQUITY SWAP) | -21 724.00 | -438 824.80 | -0.27 |
| HKD | GOLDMAN SACHS/UNITED ENERGY GROUP (SYNTHETIC EQUITY SWAP) | -852 000.00 | -43 960.01 | -0.03 |
| EUR | GOLDMAN SACHS/VALEO (SYNTHETIC EQUITY SWAP) | 59 816.00 | 468 664.94 | 0.29 |
| USD | GOLDMAN SACHS/POOL CORPORATION COM(SYNTHETIC EQUITY SWAP) | -1 040.00 | 3 868.80 | 0.00 |
| EUR | GOLDMAN SACHS/ADYEN NV (SYNTHETIC EQUITY SWAP) | 1 270.00 | -66 209.10 | -0.04 |
| EUR | GOLDMAN SACHS/THYSSENKRUPP NPV(SYNTHETIC EQUITY SWAP) | -132 948.00 | -239 661.83 | -0.15 |
| EUR | GOLDMAN SACHS/NEXI SPA NPV (SYNTHETIC EQUITY SWAP) | 104 793.00 | 327 172.34 | 0.20 |
| USD | GOLDMAN SACHS/GENERAL MLS INC COM (SYNTHETIC EQUITY SWAP) | -12 421.00 | -18 832.67 | -0.01 |
| USD | GOLDMAN SACHS/UNIVERSAL CORP VA COM (SYNTHETIC EQUITY SWAP) | -11 593.00 | -51 051.41 | -0.03 |
| EUR | GOLDMAN SACHS/FASHIONETTE AG NPV(SYNTHETIC EQUITY SWAP) | 42 505.00 | 40 675.58 | 0.02 |
| USD | GS/SONIC AUTOMOTIVE INC CL A (SYNTHETIC EQUITY SWAP) | -12 940.00 | -29 641.66 | -0.02 |
| EUR | GOLDMAN SACHS/JDE PEETS N.V.(SYNTHETIC EQUITY SWAP) | -16 613.00 | 20 544.93 | 0.01 |
| JPY | GOLDMAN SACHS /ITOCHU CORP NPV (SYNTHETIC EQUITY SWAP) | 92 600.00 | 31 525.29 | 0.02 |
| EUR | GOLDMAN SACHS/UMICORE NPV (SYNTHETIC EQUITY SWAP) | -15 363.00 | -34 938.78 | -0.02 |
| USD | GOLDMAN SACHS/BJS WHSL CLUB HLDG COM (SYNTHETIC EQUITY SWAP) | -11 489.00 | 13 881.01 | 0.01 |
| EUR | GOLDMAN SACHS/MUENCHENER RUECKVE NPV (SYNTHETIC EQUITY SWAP) | 6 935.00 | -34 523.62 | -0.02 |
| DKK | GOLDMAN SACHS/TRYG A/S (SYNTHETIC EQUITY SWAP) | 27 964.00 | 41 580.71 | 0.03 |
| USD | GOLDMAN SACHS/ALLSTATE CORP COM (SYNTHETIC EQUITY SWAP) | 11 857.00 | -19 698.17 | -0.01 |
| SEK | GOLDMAN SACHS/NORDNET AB NPV (SYNTHETIC EQUITY SWAP) | 96 928.00 | 81 625.97 | 0.05 |
| USD | GOLDMAN SACHS/MONDELEZ INTL INC COM (SYNTHETIC EQUITY SWAP) | 45 133.00 | -3 610.64 | 0.00 |
| USD | GS/AIR PRODS & CHEMS INC COM (SYNTHETIC EQUITY SWAP) | 8 867.00 | 18 798.04 | 0.01 |
| USD | GS/OASIS PETROLEUM INC CALL WARRANT (SYNTHETIC EQUITY SWAP) | -161.00 | 0.00 | 0.00 |
| Total Synthetic Equity Swaps | -4 169 634.24 | -2.59 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market | -4 169 634.24 | -2.59 |
| Total Derivative instruments | -4 169 634.24 | -2.59 |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD)
Semi-Annual Report as of 30 November 2020
| 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
Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date
| JPY | 719 700 000.00 | USD | 6 908 228.45 | 14.1.2021 | 391.06 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| GBP | 6 535 000.00 | USD | 8 650 340.29 | 14.1.2021 | 79 963.23 | 0.05 |
| USD | 2 781 705.18 | TRY | 22 120 000.00 | 14.1.2021 | 881.18 | 0.00 |
| EUR | 10 965 000.00 | USD | 13 031 409.08 | 14.1.2021 | 103 443.85 | 0.06 |
| EUR | 14 693 100.00 | USD | 17 462 088.16 | 14.1.2021 | 138 614.77 | 0.09 |
| USD | 57 803.67 | EUR | 48 600.00 | 14.1.2021 | -413.74 | 0.00 |
| USD | 1 133 911.78 | EUR | 957 100.00 | 14.1.2021 | -12 587.79 | -0.01 |
| TRY | 22 120 000.00 | USD | 2 865 148.40 | 14.1.2021 | -84 324.40 | -0.05 |
| USD | 1 502 485.47 | EUR | 1 263 700.00 | 14.1.2021 | -11 286.86 | -0.01 |
| USD | 1 112 981.08 | EUR | 935 000.00 | 14.1.2021 | -7 045.14 | 0.00 |
| USD | 40 794.62 | EUR | 34 200.00 | 14.1.2021 | -173.18 | 0.00 |
| Total Forward Foreign Exchange contracts | 207 462.98 | 0.13 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 13 790 790.69* | 8.56 |
| Bank overdraft and other short-term liabilities | -4 371.20 | 0.00 |
| Other assets and liabilities | -130 246.51 | -0.08 |
| Total net assets | 161 054 770.23 | 100.00 |
| * As at 30 November 2020, cash amounts serves as collateral for the counterparty Goldman Sachs for an amount of USD 5 360 000.00. |  |  |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD) Semi-Annual Report as of 30 November 2020

Translation (ENDE, 2020-11-30):
# UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| Nettovermögen in USD |  | 161 054 770.23 | 65 434 843.59 | 59 744 560.53 |
| Klasse I-B-acc | LU1323608122 |  |  |  |
| Aktien im Umlauf |  | 185 054.0130 | 178 908.5460 | 116 376.6610 |
| Nettoinventarwert pro Aktie in USD |  | 166.00 | 141.72 | 124.73 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 166.00 | 141.72 | 124.73 |
| Klasse (EUR) I-B-acc | LU1776281823 |  |  |  |
| Aktien im Umlauf |  | 32 358.0000 | 10 220.0000 | 28 569.0000 |
| Nettoinventarwert pro Aktie in EUR |  | 138.04 | 126.74 | 111.34 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 138.04 | 126.74 | 111.34 |
| Klasse (EUR hedged) I-B-acc 2 | LU2199646840 |  |  |  |
| Aktien im Umlauf |  | 57 193.9800 | - | - |
| Nettoinventarwert pro Aktie in EUR |  | 106.62 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 106.62 | - | - |
| Klasse P-4%-mdist | LU1278831067 |  |  |  |
| Aktien im Umlauf |  | 13 586.0130 | 8 617.6770 | 18 430.5070 |
| Nettoinventarwert pro Aktie in USD |  | 129.18 | 113.61 | 106.07 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 129.18 | 113.61 | 106.07 |
| Klasse (EUR hedged) P-4%-mdist | LU1278831570 |  |  |  |
| Aktien im Umlauf |  | 5 222.8650 | 6 100.9840 | 5 108.9310 |
| Nettoinventarwert pro Aktie in EUR |  | 115.34 | 102.20 | 98.36 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 115.34 | 102.20 | 98.36 |
| Klasse P-acc | LU1278830929 |  |  |  |
| Aktien im Umlauf |  | 74 814.7640 | 51 412.8950 | 61 912.3910 |
| Nettoinventarwert pro Aktie in USD |  | 158.03 | 136.31 | 122.39 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 158.03 | 136.31 | 122.39 |
| Klasse (EUR hedged) P-acc | LU1278831497 |  |  |  |
| Aktien im Umlauf |  | 22 475.9300 | 19 431.6250 | 28 147.3500 |
| Nettoinventarwert pro Aktie in EUR |  | 141.07 | 122.59 | 113.47 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 141.07 | 122.59 | 113.47 |
| Klasse Q-acc | LU1294558454 |  |  |  |
| Aktien im Umlauf |  | 13 532.9320 | 14 128.7450 | 30 170.1640 |
| Nettoinventarwert pro Aktie in USD |  | 170.31 | 146.14 | 129.88 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 170.31 | 146.14 | 129.88 |
| Klasse (EUR hedged) Q-acc | LU1294558538 |  |  |  |
| Aktien im Umlauf |  | 18 380.5130 | 27 026.7150 | 30 092.9800 |
| Nettoinventarwert pro Aktie in EUR |  | 151.98 | 131.37 | 120.37 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 151.98 | 131.37 | 120.37 |
| Klasse U-X-acc | LU1278831141 |  |  |  |
| Aktien im Umlauf |  | 5 335.7210 | 1 416.7210 | 1 518.8950 |
| Nettoinventarwert pro Aktie in USD |  | 17 609.85 | 15 030.26 | 13 218.99 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 17 609.85 | 15 030.26 | 13 218.99 |
| 1  Siehe Erläuterung 1 2  Erste NAV 9.7.2020 |  |  |  |  |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD)
Halbjahresbericht per 30. November 2020
UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD) Halbjahresbericht per 30. November 2020

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Vereinigte Staaten | 71.73 |
| --- | --- |
| China | 11.09 |
| Japan | 3.50 |
| Südkorea | 3.50 |
| Kanada | 1.16 |
| Südafrika | 1.13 |
| Israel | 0.82 |
| Belgien | 0.64 |
| Argentinien | 0.15 |
| Norwegen | 0.15 |
| Deutschland | 0.11 |
| Total | 93.98 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Internet, Software & IT-Dienste | 24.23 |
| --- | --- |
| Elektronik & Halbleiter | 9.18 |
| Detailhandel, Warenhäuser | 7.29 |
| Finanz- & Beteiligungsgesellschaften | 7.27 |
| Banken & Kreditinstitute | 7.05 |
| Pharmazeutik, Kosmetik & medizinische Produkte | 5.33 |
| Telekommunikation | 4.04 |
| Energie- & Wasserversorgung | 3.80 |
| Diverse Dienstleistungen | 3.54 |
| Versicherungen | 3.45 |
| Computer & Netzwerkausrüster | 2.99 |
| Gesundheits- & Sozialwesen | 2.89 |
| Diverse Konsumgüter | 2.08 |
| Nahrungsmittel & Softdrinks | 1.68 |
| Fahrzeuge | 1.66 |
| Maschinen & Apparate | 1.55 |
| Erdöl | 1.21 |
| Grafisches Gewerbe, Verlage & Medien | 1.13 |
| Elektrische Geräte & Komponenten | 0.82 |
| Biotechnologie | 0.73 |
| Tabak & alkoholische Getränke | 0.61 |
| Gastgewerbe & Freizeit | 0.49 |
| Edelmetalle und -steine | 0.49 |
| Diverse nicht klassierte Gesellschaften | 0.47 |
| Total | 93.98 |


## Nettovermögensaufstellung
Aktiva	30.11.2020
USD
Wertpapierbestand, Einstandswert	129 153 610.77
Wertpapierbestand, nicht realisierte Werterhöhung (-minderung)		22 207 157.74	
Total Wertpapierbestand (Erläuterung 1)	151 360 768.51
Bankguthaben, Sicht- und Fristgelder	13 790 790.69*
Forderungen aus Wertpapierverkäufen (Erläuterung 1)	175 579.96
Forderungen aus Zeichnungen	8 400.32
Sonstige Forderungen	85 848.53
Total Aktiva	165 628 850.99
Passiva
Nicht realisierter Kursgewinn aus Devisenterminkontrakten (Erläuterung 1)	207 462.98
Nicht realisierter Kursverlust aus Synthetic Equity Swaps (Erläuterung 1)	-4 169 634.24
Kontokorrentkredit	-4 371.20
Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1)	-313 634.77
Verbindlichkeiten aus Dividenden	-56 445.74
Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2)	-19 142.89
Rückstellungen für Abonnementsabgabe (Erläuterung 3)	-4 243.54
Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2)		-6 608.38		 Total Rückstellungen für Aufwendungen			-29 994.81
Total Passiva	-4 574 080.76
Nettovermögen am Ende der Berichtsperiode	161 054 770.23

## Ertrags- und Aufwandsrechnung
Erträge	1.6.2020-30.11.2020
USD
Zinsertrag aus liquiden Mitteln	240.56
Dividenden	383 678.20
Erträge aus Synthetic Equity Swaps (Erläuterung 1)	300 390.85
Erträge aus Securities Lending (Erläuterung 14)	16 285.80
Total Erträge	758 125.17
Aufwendungen
Sonstige Erträge (Erläuterung 4)	57 529.76
Aufwand aus Synthetic Equity Swaps (Erläuterung 1)	-567 519.46
Pauschale Verwaltungskommission (Erläuterung 2)	-245 981.84
Abonnementsabgabe (Erläuterung 3)	-13 029.61
Kosten aus Securities Lending (Erläuterung 14)	-6 514.32
Sonstige Kommissionen und Gebühren (Erläuterung 2)	-6 957.13
Nettoerträge (-verluste) aus Anlagen	-83 224.63
Total Aufwendungen	-841 349.80
Zinsaufwand aus liquiden Mitteln und Kontokorrentkredit	-1 347.44
Realisierte Gewinne (Verluste) (Erläuterung 1)
Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen	6 757 876.27
Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten	2 365 783.93
Realisierter Kursgewinn (-verlust) aus Synthetic Equity Swaps	-3 035 290.57
Realisierter Nettogewinn (-verlust) der Berichtsperiode	5 925 206.93
Total der realisierten Gewinne (Verluste)	6 008 431.56
Realisierter Währungsgewinn (-verlust)	-79 938.07
Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1)
Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen	13 565 597.19
Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten	-131 006.39
Total der Veränderungen der nicht realisierten Werterhöhung (-minderung)	9 960 666.41
Nicht realisierte Werterhöhung (-minderung) von Synthetic Equity Swaps	-3 473 924.39
Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit	15 885 873.34
* Zum 30. November 2020 wurden gegenüber Goldman Sachs Bankguthaben in Höhe von USD 5 360 000.00 als Sicherheit eingesetzt.
UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD)
Halbjahresbericht per 30. November 2020
| Veränderung des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.6.2020-30.11.2020 |
| Nettovermögen zu Beginn der Berichtsperiode | 65 434 843.59 |
| Zeichnungen | 138 650 776.75 |
| Rücknahmen | 	-58 876 310.19	 |
| Total Mittelzufluss (-abfluss) | 79 774 466.56 |
| Ausbezahlte Dividende | -40 413.26 |
| Nettoerträge (-verluste) aus Anlagen | -83 224.63 |
| Total der realisierten Gewinne (Verluste) | 6 008 431.56 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	9 960 666.41	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 15 885 873.34 |
| Nettovermögen am Ende der Berichtsperiode | 161 054 770.23 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2020-30.11.2020 |
| Klasse | I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 178 908.5460 |
| Anzahl der ausgegebenen Aktien | 34 619.7440 |
| Anzahl der zurückgegebenen Aktien | -28 474.2770 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 185 054.0130 |
| Klasse | (EUR) I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 10 220.0000 |
| Anzahl der ausgegebenen Aktien | 22 138.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 32 358.0000 |
| Klasse | (EUR hedged) I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 0.0000 |
| Anzahl der ausgegebenen Aktien | 81 720.0000 |
| Anzahl der zurückgegebenen Aktien | -24 526.0200 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 57 193.9800 |
| Klasse | P-4%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 8 617.6770 |
| Anzahl der ausgegebenen Aktien | 5 007.3360 |
| Anzahl der zurückgegebenen Aktien | -39.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 13 586.0130 |
| Klasse | (EUR hedged) P-4%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 6 100.9840 |
| Anzahl der ausgegebenen Aktien | 626.1410 |
| Anzahl der zurückgegebenen Aktien | -1 504.2600 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 5 222.8650 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 51 412.8950 |
| Anzahl der ausgegebenen Aktien | 28 985.8480 |
| Anzahl der zurückgegebenen Aktien | -5 583.9790 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 74 814.7640 |
| Klasse | (EUR hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 19 431.6250 |
| Anzahl der ausgegebenen Aktien | 46 808.5570 |
| Anzahl der zurückgegebenen Aktien | -43 764.2520 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 22 475.9300 |
| Klasse | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 14 128.7450 |
| Anzahl der ausgegebenen Aktien | 2 268.5650 |
| Anzahl der zurückgegebenen Aktien | -2 864.3780 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 13 532.9320 |
| Klasse | (EUR hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 27 026.7150 |
| Anzahl der ausgegebenen Aktien | 91 162.3410 |
| Anzahl der zurückgegebenen Aktien | -99 808.5430 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 18 380.5130 |
| Klasse | U-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 1 416.7210 |
| Anzahl der ausgegebenen Aktien | 5 431.0000 |
| Anzahl der zurückgegebenen Aktien | -1 512.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 5 335.7210 |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD) Halbjahresbericht per 30. November 2020
| Monatliche Ausschüttung 1 |  |
| --- | --- |
| UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD) | Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| P-4%-mdist | 10.6.2020 | 15.6.2020 | USD | 0.37 |
| P-4%-mdist | 10.7.2020 | 15.7.2020 | USD | 0.39 |
| P-4%-mdist | 10.8.2020 | 13.8.2020 | USD | 0.41 |
| P-4%-mdist | 10.9.2020 | 15.9.2020 | USD | 0.44 |
| P-4%-mdist | 12.10.2020 | 15.10.2020 | USD | 0.43 |
| P-4%-mdist | 10.11.2020 | 13.11.2020 | USD | 0.41 |
| (EUR hedged) P-4%-mdist | 10.6.2020 | 15.6.2020 | EUR | 0.34 |
| (EUR hedged) P-4%-mdist | 10.7.2020 | 15.7.2020 | EUR | 0.35 |
| (EUR hedged) P-4%-mdist | 10.8.2020 | 13.8.2020 | EUR | 0.37 |
| (EUR hedged) P-4%-mdist | 10.9.2020 | 15.9.2020 | EUR | 0.39 |
| (EUR hedged) P-4%-mdist | 12.10.2020 | 15.10.2020 | EUR | 0.38 |
| (EUR hedged) P-4%-mdist | 10.11.2020 | 13.11.2020 | EUR | 0.37 |
| 1  Siehe Erläuterung 5 |  |  |  |  |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD)
Halbjahresbericht per 30. November 2020

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. November 2020
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Inhaberaktien |  |  |  |
| Argentinien |  |  |  |
| USD	GEOPARK LIMITED COM USD0.001 | 26 240.00 | 239 571.20 | 0.15 |
| Total Argentinien |  | 239 571.20 | 0.15 |
| Kanada |  |  |  |
| CAD	IVANHOE MINES LTD COM NPV CL’A’ | 166 641.00 | 781 832.92 | 0.49 |
| CAD	MEG ENERGY CORP COM NPV | 117 961.00 | 332 246.04 | 0.20 |
| Total Kanada |  | 1 114 078.96 | 0.69 |
| China |  |  |  |
| HKD	CHINA MEIDONG AUTO HKD0.1 | 386 000.00 | 1 672 957.11 | 1.04 |
| CNY	KWEICHOW MOUTAI ‘A’CNY1 | 3 800.00 | 989 465.22 | 0.61 |
| CNY	XIAN LONGI SILICON ‘A’CNY1 | 212 273.00 | 2 215 544.21 | 1.38 |
| HKD	ZHONGSHENG GROUP H HKD0.0001 REG’S | 133 000.00 | 998 465.01 | 0.62 |
| Total China |  | 5 876 431.55 | 3.65 |
| Deutschland |  |  |  |
| EUR	SERVICEWARE SE NPV | 10 763.00 | 179 602.07 | 0.11 |
| Total Deutschland |  | 179 602.07 | 0.11 |
| Israel |  |  |  |
| USD	SOLAREDGE TECHNOLO USD0.0001 | 4 741.00 | 1 317 903.18 | 0.82 |
| Total Israel |  | 1 317 903.18 | 0.82 |
| Südafrika |  |  |  |
| ZAR	NASPERS ‘N’ ZAR0.02 | 8 994.00 | 1 818 384.71 | 1.13 |
| Total Südafrika |  | 1 818 384.71 | 1.13 |
| Südkorea |  |  |  |
| KRW	NCSOFT CORPN KRW500 | 2 172.00 | 1 589 914.55 | 0.99 |
| KRW	SAMSUNG ELECTRONIC KRW100 | 41 566.00 | 2 505 491.95 | 1.55 |
| KRW	SAMSUNG SDI KRW5000 | 3 204.00 | 1 543 293.97 | 0.96 |
| Total Südkorea |  | 5 638 700.47 | 3.50 |
| Vereinigte Staaten |  |  |  |
| USD	ALPHABET INC CAP STK USD0.001 CL C | 3 171.00 | 5 583 306.54 | 3.47 |
| USD	COCA-COLA CO COM USD0.25 | 52 343.00 | 2 700 898.80 | 1.68 |
| USD	EDWARDS LIFESCIENCES CORP COM | 18 024.00 | 1 512 033.36 | 0.94 |
| USD	EPAM SYS INC COM USD0.001 | 2 535.00 | 817 106.55 | 0.51 |
| USD	GENERAC HLDGS INC COM USD0.01 | 12 630.00 | 2 723 028.00 | 1.69 |
| USD	JP MORGAN CHASE & COM USD1 | 22 746.00 | 2 681 298.48 | 1.66 |
| USD	MARSH & MCLENNAN COM USD1 | 27 753.00 | 3 181 603.92 | 1.97 |
| USD	MOODYS CORP COM USD0.01 | 11 310.00 | 3 193 265.40 | 1.98 |
| USD	NEXTERA ENERGY INC COM USD0.01 | 66 791.00 | 4 915 149.69 | 3.05 |
| USD	PROGRESSIVE CP(OH) COM USD1 | 27 348.00 | 2 382 284.28 | 1.48 |
| USD	ZOETIS INC COM USD0.01 CL ‘A’ | 7 795.00 | 1 250 162.10 | 0.78 |
| Total Vereinigte Staaten |  | 30 940 137.12 | 19.21 |
| Total Inhaberaktien |  | 47 124 809.26 | 29.26 |
| Namensaktien |  |  |  |
| Belgien |  |  |  |
| EUR	UNIFIEDPOST GROUP EUR0.01	40 717.00 | 1 037 430.89 | 0.64 |
| Total Belgien | 1 037 430.89 | 0.64 |
| China |  |  |  |  |
| CNY | CONTEMPORARY AMPER A CNY1 | 40 369.00 | 1 489 105.95 | 0.92 |
| HKD | HANGZHOU TIGERMED NPV | 70 600.00 | 1 188 429.54 | 0.74 |
| HKD | WUXI BIOLOGICS (CA USD0.0000083(PL 18/12/2020) | 120 000.00 | 1 171 751.05 | 0.73 |
| HKD | YIHAI INTERNATIONA USD0.00001 | 68 000.00 | 796 878.43 | 0.50 |
| Total China | 4 646 164.97 | 2.89 |
| Japan |  |  |  |  |
| JPY | NEC CORP NPV | 41 700.00 | 2 251 460.09 | 1.40 |
| JPY | SONY CORP NPV | 36 400.00 | 3 387 442.83 | 2.10 |
| Total Japan |  | 5 638 902.92 | 3.50 |
| Norwegen |  |  |  |
| NOK	PEXIP HOLDING ASA NOK0.015 | 35 342.00 | 236 834.42 | 0.15 |
| Total Norwegen |  | 236 834.42 | 0.15 |
| Vereinigte Staaten |  |  |  |
| USD	ABBOTT LABS COM | 25 455.00 | 2 754 740.10 | 1.71 |
| USD	ADOBE INC COM USD0.0001 | 12 242.00 | 5 857 429.74 | 3.64 |
| USD	AMAZON COM INC COM USD0.01 | 2 484.00 | 7 869 411.36 | 4.89 |
| USD	AMPHENOL CORP NEW CL A | 7 580.00 | 991 539.80 | 0.62 |
| USD	ANTHEM INC COM USD0.01 | 5 144.00 | 1 602 458.88 | 0.99 |
| USD	APACHE CORP COM USD0.625 | 47 257.00 | 609 142.73 | 0.38 |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD) Halbjahresbericht per 30. November 2020
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| USD | APPLE INC COM NPV | 21 597.00 | 2 571 122.85 | 1.60 |
| USD | BEST BUY CO INC COM USD0.10 | 5 920.00 | 644 096.00 | 0.40 |
| USD | CHARTER COMMUN INC COM USD0.001 CLASS ‘A’ | 4 520.00 | 2 946 994.80 | 1.83 |
| USD | DANAHER CORP COM USD0.01 | 4 487.00 | 1 007 914.81 | 0.63 |
| USD | DATTO HLDG CORP USD0.001 | 40 862.00 | 1 139 641.18 | 0.71 |
| USD | DOLLAR TREE INC | 17 151.00 | 1 873 575.24 | 1.16 |
| USD | EVERSOURCE ENERGY COM USD5 | 13 758.00 | 1 203 962.58 | 0.75 |
| USD | FACEBOOK INC COM USD0.000006 CL ‘A’ | 21 308.00 | 5 901 676.76 | 3.66 |
| USD | HESS CORPORATION COM USD1 | 21 516.00 | 1 015 124.88 | 0.63 |
| USD | HOME DEPOT INC COM USD0.05 | 5 658.00 | 1 569 585.78 | 0.98 |
| USD | INTUIT INC COM USD0.01 | 6 281.00 | 2 211 037.62 | 1.37 |
| USD | MASTERCARD INC COM USD0.0001 CLASS ‘A’ | 17 246.00 | 5 803 451.46 | 3.60 |
| USD | MICROSOFT CORP COM USD0.0000125 | 52 564.00 | 11 252 375.48 | 6.99 |
| USD | PAYPAL HOLDINGS IN COM USD0.0001 | 17 152.00 | 3 672 586.24 | 2.28 |
| USD | PPD INC COM USD0.01 | 53 757.00 | 1 881 495.00 | 1.17 |
| USD | PROCTER & GAMBLE COM NPV | 24 164.00 | 3 355 654.68 | 2.08 |
| USD | SERVICENOW INC COM USD0.001 | 6 455.00 | 3 450 520.25 | 2.14 |
| USD | T-MOBILE US INC COM USD0.0001 | 24 985.00 | 3 321 505.90 | 2.06 |
| USD | THERMO FISHER SCIE COM USD1 | 8 919.00 | 4 147 156.62 | 2.58 |
| USD | UNITEDHEALTH GRP COM USD0.01 | 4 230.00 | 1 422 718.20 | 0.88 |
| USD | VISA INC COM STK USD0.0001 | 10 898.00 | 2 292 394.30 | 1.42 |
| USD | VOYA FINL INC COM USD0.01 | 9 909.00 | 571 055.67 | 0.35 |
| USD | WALMART INC COM USD0.10 | 10 797.00 | 1 649 673.63 | 1.02 |
| Total Vereinigte Staaten |  | 84 590 042.54 | 52.52 |
| Total Namensaktien |  | 96 149 375.74 | 59.70 |
| Depository Receipts |  |  |  |
| China |  |  |  |
| USD	ALIBABA GROUP HLDG SPON ADS EACH REP ONE ORD-ADR | 21 631.00 | 5 696 740.16 | 3.54 |
| USD	TAL EDUCATION GRP ADS EA REPR 2 CL A ORD SHS | 23 200.00 | 1 625 392.00 | 1.01 |
| Total China |  | 7 322 132.16 | 4.55 |
| Total Depository Receipts |  | 7 322 132.16 | 4.55 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  | 150 596 317.16 | 93.51 |

Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Inhaberaktien
| Kanada |  |
| --- | --- |
| CAD | OSISKO DEVELOPMENT HOLDINGS INC | 132 087.00 | 764 451.35 | 0.47 |
| Total Kanada | 764 451.35 | 0.47 |
| Total Inhaberaktien | 764 451.35 | 0.47 |
| Total Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden | 764 451.35 | 0.47 |
| Total des Wertpapierbestandes | 151 360 768.51 | 93.98 |


## Derivative Instrumente
Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Synthetic Equity Swaps*
| EUR | GOLDMAN SACHS/NOKIA OYJ (SYNTHETIC EQUITY SWAP) | -118 096.00 | 7 246.96 | 0.00 |
| --- | --- | --- | --- | --- |
| SEK | GOLDMAN SACHS/SANDVIK AB NPV (SYNTHETIC EQUITY SWAP) | 90 847.00 | 359 679.63 | 0.22 |
| EUR | GOLDMAN SACHS/SIEMENS AG (SYNTHETIC EQUITY SWAP) | 22 174.00 | 299 727.29 | 0.19 |
| GBP | GOLDMAN SACHS/WPP PLC (SYNTHETIC EQUITY SWAP) | -49 785.00 | -72 447.36 | -0.04 |
| USD | GOLDMAN SACHS/HUTCHISON PORT HL NPV(SYNTHETIC EQUITY SWAP) | -4 677 800.00 | -201 145.40 | -0.12 |
| USD | GOLDMAN SACHS/TRANSOCEAN LTD (SYNTHETIC EQUITY SWAP) | -562 317.00 | -663 252.90 | -0.41 |
| CHF | GOLDMAN SACHS/DUFRY AG(SYNTHETIC EQUITY SWAP) | -17 679.00 | -312 453.33 | -0.19 |
| EUR | GOLDMAN SACHS/L’OREAL (SYNTHETIC EQUITY SWAP) | 2 669.00 | 16 512.62 | 0.01 |
| DKK | GOLDMAN SACHS/NOVO-NORDISK AS(SYNTHETIC EQUITY SWAP) | 39 848.00 | 31 191.74 | 0.02 |
| EUR | GOLDMAN SACHS/LVMH MOET HENNESSY (SYNTHETIC EQUITY SWAP) | 5 285.00 | 509 546.51 | 0.32 |
| GBP | GOLDMAN SACHS/SOUTH32 LTD NPV(SYNTHETIC EQUITY SWAP) | -167 704.00 | -49 301.29 | -0.03 |
| EUR | GOLDMAN SACHS/SAMPO OYJ SER’A’ (SYNTHETIC EQUITY SWAP) | 91 577.00 | 419 555.08 | 0.26 |
| EUR | GOLDMAN SACHS/MONCLER SPA NPV (SYNTHETIC EQUITY SWAP) | 24 229.00 | 197 082.56 | 0.12 |
| EUR | GOLDMAN SACHS/VARTA AG (SYNTHETIC EQUITY SWAP) | 9 563.00 | 65 203.79 | 0.04 |
| USD | GOLDMAN SACHS/SNAP-ON INC COM (SYNTHETIC EQUITY SWAP) | -4 333.00 | -79 380.56 | -0.05 |
| USD | GOLDMAN SACHS/KRATOS DEFENSE (SYNTHETIC EQUITY SWAP) | -21 595.00 | -49 236.60 | -0.03 |
| DKK | GOLDMAN SACHS/ISS A/S (SYNTHETIC EQUITY SWAP) | -139 246.00 | -696 174.06 | -0.43 |
| EUR | GOLDMAN SACHS/SCHNEIDER ELECTRIC (SYNTHETIC EQUITY SWAP) | 23 190.00 | 345 361.48 | 0.21 |
| USD | GOLDMAN SACHS/GTT COMMUNICATIONS COM (SYNTHETIC EQUITY SWAP) | -20 307.00 | -17 260.95 | -0.01 |
| USD | GOLDMAN SACHS/BELDEN INC COM (SYNTHETIC EQUITY SWAP) | -15 974.00 | -107 920.34 | -0.07 |
| USD | GOLDMAN SACHS/DISH NETWORK (SYNTHETIC EQUITY SWAP) | -28 312.00 | -293 878.56 | -0.18 |
| HKD | GOLDMAN SACHS/CANVEST ENVIRONMENT(SYNTHETIC EQUITY SWAP) | -1 115 000.00 | 1 438.25 | 0.00 |
| USD | GOLDMAN SACHS/HANESBRANDS INC COM (SYNTHETIC EQUITY SWAP) | -38 330.00 | 71 677.10 | 0.04 |
| USD | GOLDMAN SACHS/RALPH LAUREN CORP CLAS(SYNTHETIC EQUITY SWAP) | -9 697.00 | -171 949.16 | -0.11 |

* Nominal positiv: der Subfonds ist «Receiver», Nominal negativ: der Subfonds ist «Payer».
UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD)
Halbjahresbericht per 30. November 2020
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| USD | GOLDMAN SACHS/SAMSUNG HEAVY (SYNTHETIC EQUITY SWAP) | -41 517.00 | -71 550.00 | -0.04 |
| SEK | GOLDMAN SACHS/BILLERUDKORSNAS AB NPV (SYNTHETIC EQUITY SWAP) | -22 382.00 | 3 010.53 | 0.00 |
| HKD | GOLDMAN SACHS/361 DEGREES INTERN (SYNTHETIC EQUITY SWAP) | -905 000.00 | -2 334.73 | 0.00 |
| EUR | GOLDMAN SACHS/AIR LIQUIDE POST-SUB (SYNTHETIC EQUITY SWAP) | 18 751.00 | 272 523.85 | 0.17 |
| USD | GOLDMAN SACHS/AT&T INC COM (SYNTHETIC EQUITY SWAP) | -21 221.00 | -36 712.33 | -0.02 |
| USD | GOLDMAN SACHS/MACERICH CO COM (SYNTHETIC EQUITY SWAP) | -20 834.00 | -63 335.36 | -0.04 |
| USD | GOLDMAN SACHS/WAYFAIR INC COM(SYNTHETIC EQUITY SWAP) | -2 601.00 | -16 464.33 | -0.01 |
| CHF | GS/ROCHE HLDGS AG GENUSSCHEINE NPV (SYNTHETIC EQUITY SWAP) | 8 076.00 | 38 359.44 | 0.02 |
| USD | GOLDMAN SACHS/IQIYI INC SPON EACH AD (SYNTHETIC EQUITY SWAP) | -17 900.00 | 41 886.00 | 0.03 |
| GBP | GOLDMAN SACHS/UNILEVER PLC (SYNTHETIC EQUITY SWAP) | 20 011.00 | 44 615.19 | 0.03 |
| EUR | GOLDMAN SACHS/KNORR BREMSE (SYNTHETIC EQUITY SWAP) | -1 527.00 | -14 338.79 | -0.01 |
| USD | GS/WILEY(JOHN) & SONS CLASS’A’COM (SYNTHETIC EQUITY SWAP) | -22 690.00 | -81 230.20 | -0.05 |
| EUR | GOLDMAN SACH/KONINKLIJKE PHILIPS (SYNTHETIC EQUITY SWAP) | 48 034.00 | 200 242.07 | 0.12 |
| GBP | GOLDMAN SACHS/SOFTCAT PLC ORD (SYNTHETIC EQUITY SWAP) | 34 223.00 | 4 112.05 | 0.00 |
| DKK | GOLDMAN SACHS/H.LUNDBECK (SYNTHETIC EQUITY SWAP) | -6 449.00 | -11 244.94 | -0.01 |
| EUR | GOLDMAN SACHS/ASML HOLDING NV (SYNTHETIC EQUITY SWAP) | 3 329.00 | 206 474.47 | 0.13 |
| USD | GOLDMAN SACHS/8X8 INC NEW COM (SYNTHETIC EQUITY SWAP) | -62 137.00 | -154 721.13 | -0.10 |
| USD | GOLDMAN SACHS/OMNICOM GROUP INC COM (SYNTHETIC EQUITY SWAP) | -1 458.00 | -23 036.40 | -0.01 |
| GBP | GOLDMAN SACHS/GREGGS ORD (SYNTHETIC EQUITY SWAP) | -23 300.00 | -83 583.25 | -0.05 |
| USD | GS/BED BATH & BEYOND INC COM (SYNTHETIC EQUITY SWAP) | -9 118.00 | -10 576.88 | -0.01 |
| USD | GOLDMAN SACHS/CLOROX CO DEL COM (SYNTHETIC EQUITY SWAP) | -12 308.00 | 52 801.32 | 0.03 |
| USD | GOLDMAN SACHS/LIBERTY GLOBAL (SYNTHETIC EQUITY SWAP) | -26 900.00 | -80 162.00 | -0.05 |
| HKD | GOLDMAN SACHS/PETROCHINA CO (SYNTHETIC EQUITY SWAP) | -998 000.00 | -38 619.80 | -0.02 |
| EUR | GOLDMAN SACHS/UNIBAIL-RODAMCO-WE NPV (SYNTHETIC EQUITY SWAP) | -3 822.00 | -112 468.16 | -0.07 |
| GBP | GOLDMAN SACHS/DOMINO’S PIZZA GRP ORD (SYNTHETIC EQUITY SWAP) | -287 359.00 | 44 334.66 | 0.03 |
| USD | GOLDMANSACHS/FAR EASTONE TELECO (SYNTHETIC EQUITY SWAP) | -322 000.00 | -24 787.17 | -0.03 |
| EUR | GOLDMAN SACHS/PROSUS NV (SYNTHETIC EQUITY SWAP) | 10 370.00 | 62 767.25 | 0.04 |
| SEK | GOLDMAN SACHS/LUNDIN PETROLEUM (SYNTHETIC EQUITY SWAP) | 29 700.00 | 123 145.71 | 0.08 |
| EUR | GOLDMAN SACHS/KLEPIERRE (SYNTHETIC EQUITY SWAP) | -23 742.00 | -216 551.38 | -0.13 |
| JPY | GOLDMAN SACHS/DENTSU GROUP INC (SYNTHETIC EQUITY SWAP) | -33 993.00 | -133 331.45 | -0.08 |
| USD | GOLDMAN SACHS/JUNIPER NETWORKS INC (SYNTHETIC EQUITY SWAP) | -34 843.00 | -71 428.15 | -0.04 |
| USD | GOLDMAN SACHS/KOHLS CORP COM (SYNTHETIC EQUITY SWAP) | -48 727.00 | -531 611.57 | -0.33 |
| HKD | GOLDMAN SACHS/CN UNICOM (SYNTHETIC EQUITY SWAP) | -752 000.00 | 9 700.10 | 0.01 |
| SEK | GOLDMAN SACHS/ELECTROLUX PROFESS SE (SYNTHETIC EQUITY SWAP) | -54 971.00 | -73 103.92 | -0.06 |
| USD | GOLDMAN SACHS/COGENT COMMUNICATI COM (SYNTHETIC EQUITY SWAP) | -2 971.00 | -6 952.14 | 0.00 |
| USD | GOLDMAN SACHS/ZOOM VIDEO COMMUNI COM (SYNTHETIC EQUITY SWAP) | -315.00 | -5 496.75 | 0.00 |
| EUR | GOLDMAN SACHS/SHOP APOTHEKE (SYNTHETIC EQUITY SWAP) | 7 677.00 | -93 668.92 | -0.06 |
| USD | GOLDMAN SACHS/NABORS INDS LTD COM (SYNTHETIC EQUITY SWAP) | -26 557.00 | -617 350.40 | -0.38 |
| USD | GOLDMAN SACHS/PHILIP MORRIS INTL COM (SYNTHETIC EQUITY SWAP) | -4 085.00 | -19 322.05 | -0.01 |
| EUR | GOLDMAN SACHS/STROEER SE NPV (SYNTHETIC EQUITY SWAP) | -13 690.00 | -212 068.92 | -0.13 |
| USD | GOLDMAN SACHS/ARISTA NETWORKS IN COM (SYNTHETIC EQUITY SWAP) | -3 619.00 | -223 654.20 | -0.14 |
| EUR | GOLDMAN SACHS/IMMOBEL NPV (SYNTHETIC EQUITY SWAP) | 7 153.00 | 29 091.82 | 0.02 |
| EUR | GOLDMAN SACHS/LAGARDERE SCA (SYNTHETIC EQUITY SWAP) | -57 868.00 | -62 299.53 | -0.04 |
| USD | GOLDMAN SACHS/U S SILICA HLDGS I COM (SYNTHETIC EQUITY SWAP) | -94 479.00 | -151 166.40 | -0.09 |
| USD | GS/PATTERSON UTI ENERGY INC COM (SYNTHETIC EQUITY SWAP) | -119 794.00 | -209 639.50 | -0.13 |
| USD | GS/SINCLAIR BROADCAST GROUP (SYNTHETIC EQUITY SWAP) | -49 680.00 | -431 222.40 | -0.27 |
| USD | GOLDMAN SACHS/SCRIPPS (EW) CO COM (SYNTHETIC EQUITY SWAP) | -78 143.00 | -287 566.24 | -0.18 |
| USD | GOLDMAN SACHS/GROUPON INC (SYNTHETIC EQUITY SWAP) | -21 048.00 | -226 686.96 | -0.14 |
| EUR | GOLDMAN SACHS/ALFEN NV (SYNTHETIC EQUITY SWAP) | 22 731.00 | 361 637.94 | 0.22 |
| EUR | GOLDMAN SACHS/SANOFI (SYNTHETIC EQUITY SWAP) | 27 255.00 | 239 301.84 | 0.15 |
| EUR | GOLDMAN SACHS/EURONAV NPV (SYNTHETIC EQUITY SWAP) | 25 833.00 | 10 197.47 | 0.01 |
| USD | GS/CENTURYLINK INC COM (SYNTHETIC EQUITY SWAP) | -93 558.00 | -171 211.14 | -0.11 |
| HKD | GOLDMAN SACHS/CHINA OILFIELD SER (SYNTHETIC EQUITY SWAP) | -741 000.00 | -115 654.31 | -0.07 |
| HKD | GOLDMAN SACHS/CHINA CITIC BK COR (SYNTHETIC EQUITY SWAP) | -1 393 000.00 | -35 936.79 | -0.02 |
| HKD | GOLDMAN SACHS/BANK OF CHINA LTD (SYNTHETIC EQUITY SWAP) | -1 841 000.00 | -68 866.82 | -0.04 |
| USD | GOLDMAN SACHS/INTL BUSINESS MCHN COM (SYNTHETIC EQUITY SWAP) | -5 973.00 | -70 839.78 | -0.04 |
| EUR | GOLDMAN SACHS/PUBLICIS GROUPE SA (SYNTHETIC EQUITY SWAP) | -13 538.00 | -134 249.55 | -0.08 |
| GBP | GOLDMAN SACHS/LAND SECURITIES GP ORD (SYNTHETIC EQUITY SWAP) | -61 494.00 | -121 750.69 | -0.08 |
| USD | GOLDMAN SACHS/VALERO ENERGY CORP NEW(SYNTHETIC EQUITY SWAP) | -20 736.00 | -314 357.76 | -0.21 |
| USD | GOLDMAN SACHS/SHAKE SHACK INC COM (SYNTHETIC EQUITY SWAP) | -6 529.00 | -92 320.06 | -0.06 |
| USD | GOLDMAN SACHS/MONRO INC COM (SYNTHETIC EQUITY SWAP) | -15 972.00 | -79 061.40 | -0.05 |
| EUR | GOLDMAN SACHS/VONOVIA SE (SYNTHETIC EQUITY SWAP) | 13 977.00 | 44 473.30 | 0.03 |
| JPY | GOLDMAN SACHS/NIPPON PAPER INDUS NPV(SYNTHETIC EQUITY SWAP) | -84 900.00 | 42 338.05 | 0.03 |
| JPY | GOLDMAN SACHS/OJI HOLDINGS CO NPV (SYNTHETIC EQUITY SWAP) | -224 400.00 | -75 320.07 | -0.05 |
| USD | GOLDMAN SACHS/HEALTHEQUITY INC COM (SYNTHETIC EQUITY SWAP) | -21 724.00 | -438 824.80 | -0.27 |
| HKD | GOLDMAN SACHS/UNITED ENERGY GROUP (SYNTHETIC EQUITY SWAP) | -852 000.00 | -43 960.01 | -0.03 |
| EUR | GOLDMAN SACHS/VALEO (SYNTHETIC EQUITY SWAP) | 59 816.00 | 468 664.94 | 0.29 |
| USD | GOLDMAN SACHS/POOL CORPORATION COM(SYNTHETIC EQUITY SWAP) | -1 040.00 | 3 868.80 | 0.00 |
| EUR | GOLDMAN SACHS/ADYEN NV (SYNTHETIC EQUITY SWAP) | 1 270.00 | -66 209.10 | -0.04 |
| EUR | GOLDMAN SACHS/THYSSENKRUPP NPV(SYNTHETIC EQUITY SWAP) | -132 948.00 | -239 661.83 | -0.15 |
| EUR | GOLDMAN SACHS/NEXI SPA NPV (SYNTHETIC EQUITY SWAP) | 104 793.00 | 327 172.34 | 0.20 |
| USD | GOLDMAN SACHS/GENERAL MLS INC COM (SYNTHETIC EQUITY SWAP) | -12 421.00 | -18 832.67 | -0.01 |
| USD | GOLDMAN SACHS/UNIVERSAL CORP VA COM (SYNTHETIC EQUITY SWAP) | -11 593.00 | -51 051.41 | -0.03 |
| EUR | GOLDMAN SACHS/FASHIONETTE AG NPV(SYNTHETIC EQUITY SWAP) | 42 505.00 | 40 675.58 | 0.02 |
| USD | GS/SONIC AUTOMOTIVE INC CL A (SYNTHETIC EQUITY SWAP) | -12 940.00 | -29 641.66 | -0.02 |
| EUR | GOLDMAN SACHS/JDE PEETS N.V.(SYNTHETIC EQUITY SWAP) | -16 613.00 | 20 544.93 | 0.01 |
| JPY | GOLDMAN SACHS /ITOCHU CORP NPV (SYNTHETIC EQUITY SWAP) | 92 600.00 | 31 525.29 | 0.02 |
| EUR | GOLDMAN SACHS/UMICORE NPV (SYNTHETIC EQUITY SWAP) | -15 363.00 | -34 938.78 | -0.02 |
| USD | GOLDMAN SACHS/BJS WHSL CLUB HLDG COM (SYNTHETIC EQUITY SWAP) | -11 489.00 | 13 881.01 | 0.01 |
| EUR | GOLDMAN SACHS/MUENCHENER RUECKVE NPV (SYNTHETIC EQUITY SWAP) | 6 935.00 | -34 523.62 | -0.02 |
| DKK | GOLDMAN SACHS/TRYG A/S (SYNTHETIC EQUITY SWAP) | 27 964.00 | 41 580.71 | 0.03 |
| USD | GOLDMAN SACHS/ALLSTATE CORP COM (SYNTHETIC EQUITY SWAP) | 11 857.00 | -19 698.17 | -0.01 |
| SEK | GOLDMAN SACHS/NORDNET AB NPV (SYNTHETIC EQUITY SWAP) | 96 928.00 | 81 625.97 | 0.05 |
| USD | GOLDMAN SACHS/MONDELEZ INTL INC COM (SYNTHETIC EQUITY SWAP) | 45 133.00 | -3 610.64 | 0.00 |
| USD | GS/AIR PRODS & CHEMS INC COM (SYNTHETIC EQUITY SWAP) | 8 867.00 | 18 798.04 | 0.01 |
| USD | GS/OASIS PETROLEUM INC CALL WARRANT (SYNTHETIC EQUITY SWAP) | -161.00 | 0.00 | 0.00 |
| Total Synthetic Equity Swaps | -4 169 634.24 | -2.59 |
| Total Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden | -4 169 634.24 | -2.59 |
| Total Derivative Instrumente | -4 169 634.24 | -2.59 |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD) Halbjahresbericht per 30. November 2020
| Bezeichnung	Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- |
| Nominal | NR Kursgewinn | Netto- |
|  | (-verlust) auf Futures/ | vermögens |
|  | Devisentermin- |  |
|  | kontrakten/ |  |
|  | Swaps (Erl. 1) |  |

Devisenterminkontrakte
Gekaufte Währung/ Gekaufter Betrag/Verkaufte Währung/Verkaufter Betrag/Fälligkeitsdatum
| JPY | 719 700 000.00 | USD | 6 908 228.45 | 14.1.2021 | 391.06 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| GBP | 6 535 000.00 | USD | 8 650 340.29 | 14.1.2021 | 79 963.23 | 0.05 |
| USD | 2 781 705.18 | TRY | 22 120 000.00 | 14.1.2021 | 881.18 | 0.00 |
| EUR | 10 965 000.00 | USD | 13 031 409.08 | 14.1.2021 | 103 443.85 | 0.06 |
| EUR | 14 693 100.00 | USD | 17 462 088.16 | 14.1.2021 | 138 614.77 | 0.09 |
| USD | 57 803.67 | EUR | 48 600.00 | 14.1.2021 | -413.74 | 0.00 |
| USD | 1 133 911.78 | EUR | 957 100.00 | 14.1.2021 | -12 587.79 | -0.01 |
| TRY | 22 120 000.00 | USD | 2 865 148.40 | 14.1.2021 | -84 324.40 | -0.05 |
| USD | 1 502 485.47 | EUR | 1 263 700.00 | 14.1.2021 | -11 286.86 | -0.01 |
| USD | 1 112 981.08 | EUR | 935 000.00 | 14.1.2021 | -7 045.14 | 0.00 |
| USD | 40 794.62 | EUR | 34 200.00 | 14.1.2021 | -173.18 | 0.00 |
| Total Devisenterminkontrakte | 207 462.98 | 0.13 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 13 790 790.69* | 8.56 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -4 371.20 | 0.00 |
| Andere Aktiva und Passiva | -130 246.51 | -0.08 |
| Total des Nettovermögens | 161 054 770.23 | 100.00 |
| * Zum 30. November 2020 wurden gegenüber Goldman Sachs Bankguthaben in Höhe von USD 5 360 000.00 als Sicherheit eingesetzt. |  |  |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD)
Halbjahresbericht per 30. November 2020