# UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 |
| Net assets in USD |  | 49 266 765.42 | 39 789 421.30 |
| Class (EUR hedged) K-1-acc 1 | LU1981796631 |  |  |
| Shares outstanding |  | 1.4000 | 1.2000 |
| Net asset value per share in EUR |  | 3 008 545.24 | 2 906 792.07 |
| Issue and redemption price per share in EUR 2 |  | 3 008 545.24 | 2 906 792.07 |
| Class P-acc 3 | LU1821947865 |  |  |
| Shares outstanding |  | 217 813.1070 | 200 577.5180 |
| Net asset value per share in USD |  | 107.58 | 102.82 |
| Issue and redemption price per share in USD 2 |  | 107.58 | 102.82 |
| Class (CHF hedged) P-acc 3 | LU1821948087 |  |  |
| Shares outstanding |  | 53 815.5790 | 30 218.7780 |
| Net asset value per share in CHF |  | 102.73 | 99.71 |
| Issue and redemption price per share in CHF 2 |  | 102.73 | 99.71 |
| Class (EUR hedged) P-acc 3 | LU1821947949 |  |  |
| Shares outstanding |  | 98 799.2820 | 84 370.9350 |
| Net asset value per share in EUR |  | 103.38 | 100.12 |
| Issue and redemption price per share in EUR 2 |  | 103.38 | 100.12 |
| Class (CHF hedged) Q-acc 4 | LU1821948160 |  |  |
| Shares outstanding |  | 15 494.7700 | 14 294.7700 |
| Net asset value per share in CHF |  | 102.20 | 98.84 |
| Issue and redemption price per share in CHF 2 |  | 102.20 | 98.84 |
| Class (EUR hedged) Q-acc 5 | LU1959317717 |  |  |
| Shares outstanding |  | 25 273.0000 | 13 500.0000 |
| Net asset value per share in EUR |  | 100.90 | 97.36 |
| Issue and redemption price per share in EUR 2 |  | 100.90 | 97.36 |
| 1  First NAV: 25.4.2019 2  See note 1 3  First NAV: 4.7.2018 4  First NAV: 24.7.2018 5  First NAV: 18.4.2019 |  |  |  |


## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
Luxembourg	53.58
Ireland	35.66
United States	9.00
Economic Breakdown as a % of net assets	
Investment funds	89.24
Countries & central governments	9.00
UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD) Semi-Annual Report as of 30 November 2019

## Statement of Net Assets
Assets	30.11.2019
USD
Investments in securities, cost	45 652 193.81
| Investments in securities, unrealized appreciation (depreciation) | 	2 749 546.08	 |
| --- | --- |
| Total investments in securities (Note 1) | 48 401 739.89 |
| Cash at banks, deposits on demand and deposit accounts | 975 255.63 |
| Receivable on securities sales (Note 1) | 54 532.19 |
| Receivable on subscriptions | 153 047.71 |
| Interest receivable on securities | 18 681.57 |
| Other receivables | 18 284.59 |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | -147 488.60 |
| Total Assets | 49 474 052.98 |
|  |  |
| Liabilities |  |
| Payable on securities purchases (Note 1) | -143 906.53 |
| Payable on redemptions | -30 791.10 |
| Provisions for flat fee (Note 2) | -26 091.92 |
| Provisions for taxe d’abonnement (Note 3) | -1 864.36 |
| Provisions for other commissions and fees (Note 2) | 	-4 633.65	 |
| Total provisions | -32 589.93 |
| Total Liabilities | -207 287.56 |
|  |  |
| Net assets at the end of the period | 49 266 765.42 |
| Statement of Operations | USD |
| Income | 1.6.2019-30.11.2019 |
| Interest on liquid assets | 4 855.57 |
| Interest on securities | 77 008.88 |
| Dividends | 33 580.84 |
| Income on securities lending (Note 12) | 4 224.80 |
| Other income (Note 4) | 16 223.22 |
| Total income | 135 893.31 |
|  |  |
| Expenses |  |
| Cost on securities lending (Note 12) | -1 689.92 |
| Flat fee (Note 2) | -316 489.73 |
| Taxe d’abonnement (Note 3) | -5 589.97 |
| Other commissions and fees (Note 2) | -4 674.63 |
| Interest on cash and bank overdraft | -14.18 |
| Total expenses | -328 458.43 |
|  |  |
| Net income (loss) on investments | -192 565.12 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | -187 597.05 |
| Realized gain (loss) on forward foreign exchange contracts | -510 833.91 |
| Realized gain (loss) on foreign exchange | 243 359.67 |
| Total realized gain (loss) | -455 071.29 |
|  |  |
| Net realized gain (loss) of the period | -647 636.41 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 2 347 210.70 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -237 149.07 |
| Total changes in unrealized appreciation (depreciation) | 2 110 061.63 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 1 462 425.22 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD)
Semi-Annual Report as of 30 November 2019
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-30.11.2019 |
| Net assets at the beginning of the period | 39 789 421.30 |
| Subscriptions | 9 832 647.93 |
| Redemptions | 	-1 817 729.03	 |
| Total net subscriptions (redemptions) | 8 014 918.90 |
| Net income (loss) on investments | -192 565.12 |
| Total realized gain (loss) | -455 071.29 |
| Total changes in unrealized appreciation (depreciation) | 	2 110 061.63	 |
| Net increase (decrease) in net assets as a result of operations | 1 462 425.22 |
| Net assets at the end of the period | 49 266 765.42 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2019-30.11.2019 |
| Class | (EUR hedged) K-1-acc |
| Number of shares outstanding at the beginning of the period | 1.2000 |
| Number of shares issued | 0.2000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 1.4000 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 200 577.5180 |
| Number of shares issued | 17 335.5890 |
| Number of shares redeemed | -100.0000 |
| Number of shares outstanding at the end of the period | 217 813.1070 |
| Class | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 30 218.7780 |
| Number of shares issued | 28 444.6010 |
| Number of shares redeemed | -4 847.8000 |
| Number of shares outstanding at the end of the period | 53 815.5790 |
| Class | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 84 370.9350 |
| Number of shares issued | 25 784.6470 |
| Number of shares redeemed | -11 356.3000 |
| Number of shares outstanding at the end of the period | 98 799.2820 |
| Class | (CHF hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 14 294.7700 |
| Number of shares issued | 1 280.0000 |
| Number of shares redeemed | -80.0000 |
| Number of shares outstanding at the end of the period | 15 494.7700 |
| Class | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 13 500.0000 |
| Number of shares issued | 11 970.0000 |
| Number of shares redeemed | -197.0000 |
| Number of shares outstanding at the end of the period | 25 273.0000 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD) 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 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 |  |  |  |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-28.02.21 | 578 000.00 | 573 913.36 | 1.17 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.06.23 | 337 000.00 | 334 301.37 | 0.68 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-30.09.21 | 190 000.00 | 188 203.91 | 0.38 |
| USD	AMERICA, UNITED STATES OF 1.87500% 15-31.05.22 | 410 000.00 | 412 706.61 | 0.84 |
| USD	AMERICA, UNITED STATES OF 1.75000% 17-31.05.22 | 280 000.00 | 280 973.42 | 0.57 |
| USD	AMERICA, UNITED STATES OF 1.75000% 19-31.07.24 | 374 000.00 | 375 986.88 | 0.76 |
| Total USD |  | 2 166 085.55 | 4.40 |
| Total Treasury notes, fixed rate |  | 2 166 085.55 | 4.40 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 64 000.00 | 133 437.81 | 0.27 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 115 000.00 | 173 763.11 | 0.35 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 199 000.00 | 220 555.22 | 0.45 |
| USD	AMERICA, UNITED STATES OF 1.125%/CPI LINKED 11-15.01.21 | 16 000.00 | 18 904.23 | 0.04 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.01.22 | 88 000.00 | 99 239.58 | 0.20 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 13-15.01.23 | 145 000.00 | 160 323.80 | 0.33 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 185 000.00 | 198 947.53 | 0.40 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 195 000.00 | 213 900.35 | 0.43 |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 154 000.00 | 165 312.67 | 0.34 |
| Total USD |  | 1 384 384.30 | 2.81 |
| Total Treasury notes, floating rate |  | 1 384 384.30 | 2.81 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 3 550 469.85 | 7.21 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 2.37500% 13-31.12.20 | 150 000.00 | 151 060.54 | 0.31 |
| USD	AMERICA, UNITED STATES OF 1.37500% 13-31.01.20 | 143 000.00 | 142 929.61 | 0.29 |
| Total USD |  | 293 990.15 | 0.60 |
| Total Treasury notes, fixed rate |  | 293 990.15 | 0.60 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 14-15.01.24 | 130 000.00 | 145 312.72 | 0.29 |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25 | 211 000.00 | 229 320.79 | 0.46 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 16-15.04.21 | 60 000.00 | 64 563.12 | 0.13 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 61 000.00 | 67 996.62 | 0.14 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 74 000.00 | 82 309.47 | 0.17 |
| Total USD |  | 589 502.72 | 1.19 |
| Total Treasury notes, floating rate | 589 502.72 | 1.19 |
| Total Transferable securities and money market instruments traded on another regulated market | 883 492.87 | 1.79 |
| 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	UBS (IRL) ETF PLC - MSCI USA UCITS-ACC-A-USD-ETF	517 749.00 | 8 832 797.94 | 17.93 |
| USD	UBS ETFS PLC - MSCI USA TRN INDEX SF (USD) A-ACC	14 952.00 | 1 264 191.60 | 2.56 |
| USD	UBS ETFS PLC - MSCI ACWI SF UCITS ETF HEDGED-USD-A-ACC	52 197.00 | 7 473 566.46 | 15.17 |
| Total Ireland | 17 570 556.00 | 35.66 |
| Luxembourg |  |  |
| USD | UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR)(USD HEDGED) F-ACC | 11 870.00 | 1 371 103.70 | 2.78 |
| USD | UBS (LUX) BOND SICAV - SHORT TERM USD CORPORATES (USD) F-ACC | 5 267.00 | 580 897.43 | 1.18 |
| USD | UBS (LUX) BOND SICAV - USD CORPORATES (USD) F-ACC | 18 270.00 | 385 862.40 | 0.78 |
| USD | UBS (LUX) BOND SICAV - USD HIGH YIELD (USD) F-ACC | 6 284.00 | 2 033 816.60 | 4.13 |
| USD | UBS (LUX) BOND SICAV USD - INVEST GRADE CORP USD F ACC | 79.51 | 8 717 289.55 | 17.69 |
| USD | UBS (LUX) BOND SICAV - EMERG ECON CORPORATES (USD) F-ACC | 12 027.00 | 1 364 222.61 | 2.77 |
| USD | UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD) F-ACC | 1 009.00 | 2 028 352.34 | 4.12 |
| CAD | UBS ETF - MSCI CANADA UCITS ETF-A | 30 775.00 | 1 012 047.43 | 2.05 |
| USD | UBS ETF - MSCI EMERGING MARKETS UCITS ETF-A | 9 368.00 | 969 962.72 | 1.97 |
| JPY | UBS ETF - MSCI JAPAN UCITS ETF-A | 31 155.00 | 1 463 724.54 | 2.97 |
| CHF | UBS ETF - MSCI SWITZERLAND 20/35 UCITS A-CAP | 65 095.00 | 1 480 571.72 | 3.01 |
| GBP | UBS ETF MSCI UNITED KINGDOM UCITS ETF (GBP)-A | 47 828.00 | 1 492 196.29 | 3.03 |
| EUR | UBS ETF - MSCI EMU UCITS ETF (EUR) A-CAP | 147 592.00 | 3 497 173.84 | 7.10 |
| Total Luxembourg | 26 397 221.17 | 53.58 |
| Total Investment funds, open end | 43 967 777.17 | 89.24 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 43 967 777.17 | 89.24 |
| Total investments in securities | 48 401 739.89 | 98.24 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD)
Semi-Annual Report as of 30 November 2019
| 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
Forward Foreign Exchange contracts (Purchase/Sale)
| AUD | 500.00 | USD | 339.10 | 9.1.2020 | -0.53 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 758 484.66 | GBP | 598 000.00 | 9.1.2020 | -16 332.97 | -0.03 |
| USD | 548.09 | JPY | 59 000.00 | 9.1.2020 | 7.54 | 0.00 |
| SEK | 5 000.00 | USD | 511.03 | 9.1.2020 | 12.70 | 0.00 |
| USD | 637.87 | HKD | 5 000.00 | 9.1.2020 | -0.61 | 0.00 |
| USD | 486 212.87 | CAD | 642 700.00 | 9.1.2020 | 2 157.61 | 0.00 |
| USD | 702 303.33 | CHF | 695 800.00 | 9.1.2020 | 3 591.96 | 0.01 |
| USD | 1 724 689.16 | EUR | 1 556 500.00 | 9.1.2020 | 3 243.85 | 0.01 |
| USD | 35 128.14 | EUR | 31 500.00 | 9.1.2020 | 290.02 | 0.00 |
| USD | 33 659.63 | JPY | 3 650 000.00 | 9.1.2020 | 219.00 | 0.00 |
| USD | 39 910.40 | CHF | 39 500.00 | 9.1.2020 | 245.12 | 0.00 |
| USD | 489 935.62 | CAD | 642 700.00 | 15.1.2020 | 5 873.30 | 0.01 |
| USD | 771 155.05 | GBP | 597 000.00 | 15.1.2020 | -2 490.98 | -0.01 |
| AUD | 500.00 | USD | 346.82 | 15.1.2020 | -8.20 | 0.00 |
| USD | 638.18 | HKD | 5 000.00 | 15.1.2020 | -0.29 | 0.00 |
| SEK | 5 000.00 | USD | 523.48 | 15.1.2020 | 0.39 | 0.00 |
| USD | 44 294.83 | JPY | 4 800 000.00 | 15.1.2020 | 304.56 | 0.00 |
| USD | 746 462.58 | CHF | 735 400.00 | 15.1.2020 | 7 685.42 | 0.02 |
| USD | 1 778 011.14 | EUR | 1 590 000.00 | 15.1.2020 | 18 877.14 | 0.04 |
| USD | 47 316.36 | EUR | 42 500.00 | 9.1.2020 | 312.55 | 0.00 |
| USD | 47 333.95 | EUR | 42 500.00 | 15.1.2020 | 313.07 | 0.00 |
| USD | 15 145.16 | CAD | 20 000.00 | 9.1.2020 | 81.98 | 0.00 |
| USD | 15 145.31 | CAD | 20 000.00 | 15.1.2020 | 81.91 | 0.00 |
| EUR | 16 597 500.00 | USD | 18 468 751.94 | 14.1.2020 | -109 050.15 | -0.22 |
| CHF | 6 739 500.00 | USD | 6 831 859.91 | 14.1.2020 | -62 785.61 | -0.13 |
| CHF | 92 700.00 | USD | 93 497.06 | 14.1.2020 | -390.27 | 0.00 |
| USD | 28 333.19 | CHF | 28 200.00 | 14.1.2020 | 9.44 | 0.00 |
| CHF | 150 900.00 | USD | 151 198.31 | 14.1.2020 | 363.87 | 0.00 |
| USD | 24 090.40 | CAD | 32 000.00 | 15.1.2020 | -11.04 | 0.00 |
| USD | 24 090.25 | CAD | 32 000.00 | 9.1.2020 | -10.84 | 0.00 |
| USD | 13 812.01 | EUR | 12 500.00 | 9.1.2020 | -12.64 | 0.00 |
| USD | 13 817.11 | EUR | 12 500.00 | 15.1.2020 | -12.56 | 0.00 |
| USD | 25 909.12 | GBP | 20 000.00 | 15.1.2020 | -8.67 | 0.00 |
| USD | 16 599.50 | HKD | 130 000.00 | 9.1.2020 | -0.93 | 0.00 |
| USD | 16 599.06 | HKD | 130 000.00 | 15.1.2020 | -1.04 | 0.00 |
| USD | 25 904.80 | GBP | 20 000.00 | 9.1.2020 | -8.83 | 0.00 |
| USD | 26 091.79 | CHF | 26 000.00 | 9.1.2020 | -17.00 | 0.00 |
| USD | 26 102.53 | CHF | 26 000.00 | 15.1.2020 | -16.87 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | -147 488.60 | -0.30 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 975 255.63 | 1.98 |
| Other assets and liabilities | 37 258.50 | 0.08 |
| Total net assets | 49 266 765.42 | 100.00 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD) Semi-Annual Report as of 30 November 2019

Translation (ENDE, 2019-11-30):
# UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 |
| Nettovermögen in USD |  | 49 266 765.42 | 39 789 421.30 |
| Klasse (EUR hedged) K-1-acc 1 | LU1981796631 |  |  |
| Aktien im Umlauf |  | 1.4000 | 1.2000 |
| Nettoinventarwert pro Aktie in EUR |  | 3 008 545.24 | 2 906 792.07 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 3 008 545.24 | 2 906 792.07 |
| Klasse P-acc 3 | LU1821947865 |  |  |
| Aktien im Umlauf |  | 217 813.1070 | 200 577.5180 |
| Nettoinventarwert pro Aktie in USD |  | 107.58 | 102.82 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 107.58 | 102.82 |
| Klasse (CHF hedged) P-acc 3 | LU1821948087 |  |  |
| Aktien im Umlauf |  | 53 815.5790 | 30 218.7780 |
| Nettoinventarwert pro Aktie in CHF |  | 102.73 | 99.71 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 2 |  | 102.73 | 99.71 |
| Klasse (EUR hedged) P-acc 3 | LU1821947949 |  |  |
| Aktien im Umlauf |  | 98 799.2820 | 84 370.9350 |
| Nettoinventarwert pro Aktie in EUR |  | 103.38 | 100.12 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 103.38 | 100.12 |
| Klasse (CHF hedged) Q-acc 4 | LU1821948160 |  |  |
| Aktien im Umlauf |  | 15 494.7700 | 14 294.7700 |
| Nettoinventarwert pro Aktie in CHF |  | 102.20 | 98.84 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 2 |  | 102.20 | 98.84 |
| Klasse (EUR hedged) Q-acc 5 | LU1959317717 |  |  |
| Aktien im Umlauf |  | 25 273.0000 | 13 500.0000 |
| Nettoinventarwert pro Aktie in EUR |  | 100.90 | 97.36 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 100.90 | 97.36 |
| 1  Erste NAV 25.4.2019 2  Siehe Erläuterung 1 3  Erste NAV 4.7.2018 4  Erste NAV 24.7.2018 5  Erste NAV 18.4.2019 |  |  |  |


## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Luxemburg | 53.58 |
| --- | --- |
| Irland | 35.66 |
| Vereinigte Staaten | 9.00 |
| Total | 98.24 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
Anlagefonds	89.24
Länder- & Zentralregierungen	9.00
UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD) Halbjahresbericht per 30. November 2019

## Nettovermögensaufstellung
Aktiva	30.11.2019
USD
Wertpapierbestand, Einstandswert	45 652 193.81
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	2 749 546.08	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 48 401 739.89 |
| Bankguthaben, Sicht- und Fristgelder | 975 255.63 |
| Forderungen aus Wertpapierverkäufen (Erläuterung 1) | 54 532.19 |
| Forderungen aus Zeichnungen | 153 047.71 |
| Zinsforderungen aus Wertpapieren | 18 681.57 |
| Sonstige Forderungen | 18 284.59 |
| Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1) | -147 488.60 |
| Total Aktiva | 49 474 052.98 |
|  |  |
| Passiva |  |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -143 906.53 |
| Verbindlichkeiten aus Rücknahmen | -30 791.10 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -26 091.92 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -1 864.36 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-4 633.65	 |
| Total Rückstellungen für Aufwendungen | -32 589.93 |
| Total Passiva | -207 287.56 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 49 266 765.42 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 1.6.2019-30.11.2019 |
| Zinsertrag auf liquide Mittel | 4 855.57 |
| Zinsen auf Wertpapiere | 77 008.88 |
| Dividenden | 33 580.84 |
| Erträge aus Securities Lending (Erläuterung 12) | 4 224.80 |
| Sonstige Erträge (Erläuterung 4) | 16 223.22 |
| Total Erträge | 135 893.31 |
|  |  |
| Aufwendungen |  |
| Kosten aus Securities Lending (Erläuterung 12) | -1 689.92 |
| Pauschale Verwaltungskommission (Erläuterung 2) | -316 489.73 |
| Abonnementsabgabe (Erläuterung 3) | -5 589.97 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -4 674.63 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -14.18 |
| Total Aufwendungen | -328 458.43 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | -192 565.12 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | -187 597.05 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | -510 833.91 |
| Realisierter Währungsgewinn (-verlust) | 243 359.67 |
| Total der realisierten Gewinne (Verluste) | -455 071.29 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | -647 636.41 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 2 347 210.70 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | -237 149.07 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 2 110 061.63 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 1 462 425.22 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD)
Halbjahresbericht per 30. November 2019
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-30.11.2019 |
| Nettovermögen zu Beginn der Berichtsperiode | 39 789 421.30 |
| Zeichnungen | 9 832 647.93 |
| Rücknahmen | 	-1 817 729.03	 |
| Total Mittelzufluss (-abfluss) | 8 014 918.90 |
| Nettoerträge (-verluste) aus Anlagen | -192 565.12 |
| Total der realisierten Gewinne (Verluste) | -455 071.29 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	2 110 061.63	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 1 462 425.22 |
| Nettovermögen am Ende der Berichtsperiode | 49 266 765.42 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2019-30.11.2019 |
| Klasse | (EUR hedged) K-1-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 1.2000 |
| Anzahl der ausgegebenen Aktien | 0.2000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 1.4000 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 200 577.5180 |
| Anzahl der ausgegebenen Aktien | 17 335.5890 |
| Anzahl der zurückgegebenen Aktien | -100.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 217 813.1070 |
| Klasse | (CHF hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 30 218.7780 |
| Anzahl der ausgegebenen Aktien | 28 444.6010 |
| Anzahl der zurückgegebenen Aktien | -4 847.8000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 53 815.5790 |
| Klasse | (EUR hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 84 370.9350 |
| Anzahl der ausgegebenen Aktien | 25 784.6470 |
| Anzahl der zurückgegebenen Aktien | -11 356.3000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 98 799.2820 |
| Klasse | (CHF hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 14 294.7700 |
| Anzahl der ausgegebenen Aktien | 1 280.0000 |
| Anzahl der zurückgegebenen Aktien | -80.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 15 494.7700 |
| Klasse | (EUR hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 13 500.0000 |
| Anzahl der ausgegebenen Aktien | 11 970.0000 |
| Anzahl der zurückgegebenen Aktien | -197.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 25 273.0000 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD) Halbjahresbericht per 30. November 2019

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. November 2019
| 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 |  |  |  |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-28.02.21 | 578 000.00 | 573 913.36 | 1.17 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.06.23 | 337 000.00 | 334 301.37 | 0.68 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-30.09.21 | 190 000.00 | 188 203.91 | 0.38 |
| USD	AMERICA, UNITED STATES OF 1.87500% 15-31.05.22 | 410 000.00 | 412 706.61 | 0.84 |
| USD	AMERICA, UNITED STATES OF 1.75000% 17-31.05.22 | 280 000.00 | 280 973.42 | 0.57 |
| USD	AMERICA, UNITED STATES OF 1.75000% 19-31.07.24 | 374 000.00 | 375 986.88 | 0.76 |
| Total USD |  | 2 166 085.55 | 4.40 |
| Total Treasury-Notes, fester Zins |  | 2 166 085.55 | 4.40 |
| Treasury-Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 64 000.00 | 133 437.81 | 0.27 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 115 000.00 | 173 763.11 | 0.35 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 199 000.00 | 220 555.22 | 0.45 |
| USD	AMERICA, UNITED STATES OF 1.125%/CPI LINKED 11-15.01.21 | 16 000.00 | 18 904.23 | 0.04 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.01.22 | 88 000.00 | 99 239.58 | 0.20 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 13-15.01.23 | 145 000.00 | 160 323.80 | 0.33 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 185 000.00 | 198 947.53 | 0.40 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 195 000.00 | 213 900.35 | 0.43 |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 154 000.00 | 165 312.67 | 0.34 |
| Total USD |  | 1 384 384.30 | 2.81 |
| Total Treasury-Notes, variabler Zins |  | 1 384 384.30 | 2.81 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  | 3 550 469.85 | 7.21 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt | werden |  |  |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 2.37500% 13-31.12.20 | 150 000.00 | 151 060.54 | 0.31 |
| USD	AMERICA, UNITED STATES OF 1.37500% 13-31.01.20 | 143 000.00 | 142 929.61 | 0.29 |
| Total USD |  | 293 990.15 | 0.60 |
| Total Treasury-Notes, fester Zins |  | 293 990.15 | 0.60 |
| Treasury-Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 14-15.01.24 | 130 000.00 | 145 312.72 | 0.29 |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25 | 211 000.00 | 229 320.79 | 0.46 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 16-15.04.21 | 60 000.00 | 64 563.12 | 0.13 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 61 000.00 | 67 996.62 | 0.14 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 74 000.00 | 82 309.47 | 0.17 |
| Total USD |  | 589 502.72 | 1.19 |
| Total Treasury-Notes, variabler Zins |  | 589 502.72 | 1.19 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  | 883 492.87 | 1.79 |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
| Irland |  |
| --- | --- |
| USD | UBS (IRL) ETF PLC - MSCI USA UCITS-ACC-A-USD-ETF | 517 749.00 | 8 832 797.94 | 17.93 |
| USD | UBS ETFS PLC - MSCI USA TRN INDEX SF (USD) A-ACC | 14 952.00 | 1 264 191.60 | 2.56 |
| USD | UBS ETFS PLC - MSCI ACWI SF UCITS ETF HEDGED-USD-A-ACC | 52 197.00 | 7 473 566.46 | 15.17 |
| Total Irland |  | 17 570 556.00 | 35.66 |
| Luxemburg |  |  |  |
| USD	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR)(USD HEDGED) F-ACC | 11 870.00 | 1 371 103.70 | 2.78 |
| USD	UBS (LUX) BOND SICAV - SHORT TERM USD CORPORATES (USD) F-ACC | 5 267.00 | 580 897.43 | 1.18 |
| USD	UBS (LUX) BOND SICAV - USD CORPORATES (USD) F-ACC | 18 270.00 | 385 862.40 | 0.78 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD (USD) F-ACC | 6 284.00 | 2 033 816.60 | 4.13 |
| USD	UBS (LUX) BOND SICAV USD - INVEST GRADE CORP USD F ACC | 79.51 | 8 717 289.55 | 17.69 |
| USD	UBS (LUX) BOND SICAV - EMERG ECON CORPORATES (USD) F-ACC | 12 027.00 | 1 364 222.61 | 2.77 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD) F-ACC | 1 009.00 | 2 028 352.34 | 4.12 |
| CAD	UBS ETF - MSCI CANADA UCITS ETF-A | 30 775.00 | 1 012 047.43 | 2.05 |
| USD	UBS ETF - MSCI EMERGING MARKETS UCITS ETF-A | 9 368.00 | 969 962.72 | 1.97 |
| JPY	UBS ETF - MSCI JAPAN UCITS ETF-A | 31 155.00 | 1 463 724.54 | 2.97 |
| CHF	UBS ETF - MSCI SWITZERLAND 20/35 UCITS A-CAP | 65 095.00 | 1 480 571.72 | 3.01 |
| GBP	UBS ETF MSCI UNITED KINGDOM UCITS ETF (GBP)-A | 47 828.00 | 1 492 196.29 | 3.03 |
| EUR	UBS ETF - MSCI EMU UCITS ETF (EUR) A-CAP | 147 592.00 | 3 497 173.84 | 7.10 |
| Total Luxemburg | 26 397 221.17 | 53.58 |
| Total Investment Fonds, open end | 43 967 777.17 | 89.24 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 | 43 967 777.17 | 89.24 |
| Total des Wertpapierbestandes | 48 401 739.89 | 98.24 |

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

Devisenterminkontrakte
Devisenterminkontrakte (Kauf/Verkauf)
| AUD | 500.00 | USD | 339.10 | 9.1.2020 | -0.53 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 758 484.66 | GBP | 598 000.00 | 9.1.2020 | -16 332.97 | -0.03 |
| USD | 548.09 | JPY | 59 000.00 | 9.1.2020 | 7.54 | 0.00 |
| SEK | 5 000.00 | USD | 511.03 | 9.1.2020 | 12.70 | 0.00 |
| USD | 637.87 | HKD | 5 000.00 | 9.1.2020 | -0.61 | 0.00 |
| USD | 486 212.87 | CAD | 642 700.00 | 9.1.2020 | 2 157.61 | 0.00 |
| USD | 702 303.33 | CHF | 695 800.00 | 9.1.2020 | 3 591.96 | 0.01 |
| USD | 1 724 689.16 | EUR | 1 556 500.00 | 9.1.2020 | 3 243.85 | 0.01 |
| USD | 35 128.14 | EUR | 31 500.00 | 9.1.2020 | 290.02 | 0.00 |
| USD | 33 659.63 | JPY | 3 650 000.00 | 9.1.2020 | 219.00 | 0.00 |
| USD | 39 910.40 | CHF | 39 500.00 | 9.1.2020 | 245.12 | 0.00 |
| USD | 489 935.62 | CAD | 642 700.00 | 15.1.2020 | 5 873.30 | 0.01 |
| USD | 771 155.05 | GBP | 597 000.00 | 15.1.2020 | -2 490.98 | -0.01 |
| AUD | 500.00 | USD | 346.82 | 15.1.2020 | -8.20 | 0.00 |
| USD | 638.18 | HKD | 5 000.00 | 15.1.2020 | -0.29 | 0.00 |
| SEK | 5 000.00 | USD | 523.48 | 15.1.2020 | 0.39 | 0.00 |
| USD | 44 294.83 | JPY | 4 800 000.00 | 15.1.2020 | 304.56 | 0.00 |
| USD | 746 462.58 | CHF | 735 400.00 | 15.1.2020 | 7 685.42 | 0.02 |
| USD | 1 778 011.14 | EUR | 1 590 000.00 | 15.1.2020 | 18 877.14 | 0.04 |
| USD | 47 316.36 | EUR | 42 500.00 | 9.1.2020 | 312.55 | 0.00 |
| USD | 47 333.95 | EUR | 42 500.00 | 15.1.2020 | 313.07 | 0.00 |
| USD | 15 145.16 | CAD | 20 000.00 | 9.1.2020 | 81.98 | 0.00 |
| USD | 15 145.31 | CAD | 20 000.00 | 15.1.2020 | 81.91 | 0.00 |
| EUR | 16 597 500.00 | USD | 18 468 751.94 | 14.1.2020 | -109 050.15 | -0.22 |
| CHF | 6 739 500.00 | USD | 6 831 859.91 | 14.1.2020 | -62 785.61 | -0.13 |
| CHF | 92 700.00 | USD | 93 497.06 | 14.1.2020 | -390.27 | 0.00 |
| USD | 28 333.19 | CHF | 28 200.00 | 14.1.2020 | 9.44 | 0.00 |
| CHF | 150 900.00 | USD | 151 198.31 | 14.1.2020 | 363.87 | 0.00 |
| USD | 24 090.40 | CAD | 32 000.00 | 15.1.2020 | -11.04 | 0.00 |
| USD | 24 090.25 | CAD | 32 000.00 | 9.1.2020 | -10.84 | 0.00 |
| USD | 13 812.01 | EUR | 12 500.00 | 9.1.2020 | -12.64 | 0.00 |
| USD | 13 817.11 | EUR | 12 500.00 | 15.1.2020 | -12.56 | 0.00 |
| USD | 25 909.12 | GBP | 20 000.00 | 15.1.2020 | -8.67 | 0.00 |
| USD | 16 599.50 | HKD | 130 000.00 | 9.1.2020 | -0.93 | 0.00 |
| USD | 16 599.06 | HKD | 130 000.00 | 15.1.2020 | -1.04 | 0.00 |
| USD | 25 904.80 | GBP | 20 000.00 | 9.1.2020 | -8.83 | 0.00 |
| USD | 26 091.79 | CHF | 26 000.00 | 9.1.2020 | -17.00 | 0.00 |
| USD | 26 102.53 | CHF | 26 000.00 | 15.1.2020 | -16.87 | 0.00 |
| Total Devisenterminkontrakte (Kauf/Verkauf) | -147 488.60 | -0.30 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 975 255.63 | 1.98 |
| Andere Aktiva und Passiva | 37 258.50 | 0.08 |
| Total des Nettovermögens | 49 266 765.42 | 100.00 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD) Halbjahresbericht per 30. November 2019