# UBS (Lux) Equity SICAV – Global Opportunity (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2020 | 31.5.2020 |
| Net assets in USD |  | 708 068 854.39 | 339 421 987.25 |
| Class P-acc 1 | LU2108987350 |  |  |
| Shares outstanding |  | 154.0090 | 200.0000 |
| Net asset value per share in USD |  | 106.86 | 91.54 |
| Issue and redemption price per share in USD 2 |  | 106.86 | 91.54 |
| Class Q-acc 3 | LU2100403745 |  |  |
| Shares outstanding |  | 366.0000 | 415.0000 |
| Net asset value per share in USD |  | 107.83 | 91.97 |
| Issue and redemption price per share in USD 2 |  | 107.83 | 91.97 |
| Class U-X-acc 3 | LU2100403588 |  |  |
| Shares outstanding |  | 65 136.0000 | 36 791.0000 |
| Net asset value per share in USD |  | 10 869.76 | 9 224.14 |
| Issue and redemption price per share in USD 2 |  | 10 869.76 | 9 224.14 |
| 1  First NAV: 21.2.2020 2  See note 1 3  First NAV: 14.2.2020 |  |  |  |


## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| United States | 66.49 |
| --- | --- |
| Japan | 5.97 |
| France | 5.26 |
| China | 4.88 |
| The Netherlands | 3.68 |
| Germany | 2.73 |
| Denmark | 1.88 |
| Finland | 1.72 |
| Switzerland | 1.56 |
| United Kingdom | 1.49 |
| Italy | 0.67 |
| Total | 96.33 |

Economic Breakdown as a % of net assets	
| Internet, software & IT services | 24.66 |
| --- | --- |
| Pharmaceuticals, cosmetics & medical products | 9.54 |
| Insurance | 7.35 |
| Banks & credit institutions | 7.31 |
| Electronics & semiconductors | 6.48 |
| Finance & holding companies | 6.46 |
| Retail trade, department stores | 6.09 |
| Telecommunications | 4.28 |
| Energy & water supply | 4.04 |
| Food & soft drinks | 3.69 |
| Healthcare & social services | 2.64 |
| Miscellaneous services | 2.55 |
| Computer hardware & network equipment providers | 1.86 |
| Petroleum | 1.70 |
| Miscellaneous consumer goods | 1.34 |
| Electrical devices & components | 1.28 |
| Various capital goods | 1.21 |
| Chemicals | 1.12 |
| Miscellaneous trading companies | 1.05 |
| Tobacco & alcohol | 1.04 |
| Vehicles | 0.64 |
| Total | 96.33 |

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

## Statement of Net Assets
Assets	30.11.2020
USD
Investments in securities, cost	611 313 810.64
| Investments in securities, unrealized appreciation (depreciation) | 	70 747 104.90	 |
| --- | --- |
| Total investments in securities (Note 1) | 682 060 915.54 |
| Cash at banks, deposits on demand and deposit accounts | 25 819 616.06 |
| Receivable on securities sales (Note 1) | 2 397 746.83 |
| Receivable on subscriptions | 185 791.98 |
| Receivable on dividends | 522 788.81 |
| Other receivables | 84 032.50 |
| Total Assets | 711 070 891.72 |
|  |  |
| Liabilities |  |
| Payable on securities purchases (Note 1) | -2 976 306.03 |
| Provisions for flat fee (Note 2) | -28.11 |
| Provisions for taxe d’abonnement (Note 3) | -11 740.72 |
| Provisions for other commissions and fees (Note 2) | 	-13 962.47	 |
| Total provisions | -25 731.30 |
| Total Liabilities | -3 002 037.33 |
|  |  |
| Net assets at the end of the period | 708 068 854.39 |
| Statement of Operations | USD |
| Income | 1.6.2020-30.11.2020 |
| Dividends | 2 049 153.93 |
| Other income (Note 4) | 154 907.30 |
| Total income | 2 204 061.23 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -410.76 |
| Taxe d’abonnement (Note 3) | -32 678.38 |
| Other commissions and fees (Note 2) | -31 142.14 |
| Interest on cash and bank overdraft | -1 271.16 |
| Total expenses | -65 502.44 |
|  |  |
| Net income (loss) on investments | 2 138 558.79 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 13 052 995.00 |
| Realized gain (loss) on forward foreign exchange contracts | -111 108.05 |
| Realized gain (loss) on foreign exchange | 197 782.19 |
| Total realized gain (loss) | 13 139 669.14 |
|  |  |
| Net realized gain (loss) of the period | 15 278 227.93 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 57 040 281.66 |
| Total changes in unrealized appreciation (depreciation) | 57 040 281.66 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 72 318 509.59 |

UBS (Lux) Equity SICAV – Global Opportunity (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 | 339 421 987.25 |
| Subscriptions | 312 724 169.30 |
| Redemptions | 	-16 395 811.75	 |
| Total net subscriptions (redemptions) | 296 328 357.55 |
| Net income (loss) on investments | 2 138 558.79 |
| Total realized gain (loss) | 13 139 669.14 |
| Total changes in unrealized appreciation (depreciation) | 	57 040 281.66	 |
| Net increase (decrease) in net assets as a result of operations | 72 318 509.59 |
| Net assets at the end of the period | 708 068 854.39 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2020-30.11.2020 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 200.0000 |
| Number of shares issued | 54.0170 |
| Number of shares redeemed | -100.0080 |
| Number of shares outstanding at the end of the period | 154.0090 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 415.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -49.0000 |
| Number of shares outstanding at the end of the period | 366.0000 |
| Class | U-X-acc |
| Number of shares outstanding at the beginning of the period | 36 791.0000 |
| Number of shares issued | 29 889.0000 |
| Number of shares redeemed | -1 544.0000 |
| Number of shares outstanding at the end of the period | 65 136.0000 |

UBS (Lux) Equity SICAV – Global Opportunity (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 |  |  |  |
| China |  |  |  |
| CNY	KWEICHOW MOUTAI ‘A’CNY1 | 10 400.00 | 2 708 010.09 | 0.38 |
| HKD	ZHONGSHENG GROUP H HKD0.0001 REG’S | 601 500.00 | 4 515 614.32 | 0.64 |
| Total China |  | 7 223 624.41 | 1.02 |
| Denmark |  |  |  |
| DKK	ORSTED A/S DKK10 | 41 137.00 | 7 430 773.48 | 1.05 |
| Total Denmark |  | 7 430 773.48 | 1.05 |
| France |  |  |  |
| EUR	AIR LIQUIDE(L’) EUR5.5 (POST-SUBDIVISION) | 48 103.00 | 7 920 492.30 | 1.12 |
| EUR	L’OREAL EUR0.20 | 17 661.00 | 6 481 483.86 | 0.91 |
| EUR	SANOFI EUR2 | 68 429.00 | 6 933 917.55 | 0.98 |
| EUR	SCHNEIDER ELECTRIC EUR8 | 64 736.00 | 9 033 049.75 | 1.28 |
| EUR	TELEPERFORMANCE EUR2.50 | 20 628.00 | 6 889 319.64 | 0.97 |
| Total France |  | 37 258 263.10 | 5.26 |
| Japan |  |  |  |
| JPY	FUJI SOFT INCORP NPV | 55 200.00 | 2 678 609.45 | 0.38 |
| Total Japan |  | 2 678 609.45 | 0.38 |
| The Netherlands |  |  |  |
| EUR	HEINEKEN NV EUR1.60 | 43 668.00 | 4 623 900.76 | 0.65 |
| EUR	KONINKLIJKE PHILIPS NV EUR0.20 | 116 197.00 | 6 026 816.76 | 0.85 |
| Total The Netherlands |  | 10 650 717.52 | 1.50 |
| United Kingdom |  |  |  |
| GBP	3I GROUP ORD GBP0.738636 | 415 610.00 | 5 939 777.70 | 0.84 |
| Total United Kingdom |  | 5 939 777.70 | 0.84 |
| United States |  |  |  |
| USD	ALPHABET INC CAP STK USD0.001 CL C | 12 707.00 | 22 373 723.18 | 3.16 |
| USD	COCA-COLA CO COM USD0.25 | 272 402.00 | 14 055 943.20 | 1.99 |
| USD	EDWARDS LIFESCIENCES CORP COM | 115 669.00 | 9 703 472.41 | 1.37 |
| USD	EPAM SYS INC COM USD0.001 | 10 640.00 | 3 429 591.20 | 0.48 |
| USD	GENERAC HLDGS INC COM USD0.01 | 37 212.00 | 8 022 907.20 | 1.13 |
| USD	JP MORGAN CHASE & COM USD1 | 96 064.00 | 11 324 024.32 | 1.60 |
| USD	MARSH & MCLENNAN COM USD1 | 121 762.00 | 13 958 795.68 | 1.97 |
| USD	MOODYS CORP COM USD0.01 | 40 489.00 | 11 431 664.26 | 1.62 |
| USD	NEXTERA ENERGY INC COM USD0.01 | 216 568.00 | 15 937 239.12 | 2.25 |
| USD	PRIMERICA INC COM USD0.01 | 42 872.00 | 5 584 935.44 | 0.79 |
| USD	PROGRESSIVE CP(OH) COM USD1 | 104 146.00 | 9 072 158.06 | 1.28 |
| USD	VMWARE INC COM STK USD0.01 CLASS ‘A’ | 53 158.00 | 7 436 272.62 | 1.05 |
| USD	ZOETIS INC COM USD0.01 CL ‘A’ | 71 833.00 | 11 520 576.54 | 1.63 |
| Total United States |  | 143 851 303.23 | 20.32 |
| Total Bearer shares |  | 215 033 068.89 | 30.37 |
| Other shares |  |  |  |
| Switzerland |  |  |  |
| CHF	ROCHE HLDGS AG GENUSSCHEINE NPV | 20 584.00 | 6 799 563.90 | 0.96 |
| Total Switzerland |  | 6 799 563.90 | 0.96 |
| Total Other shares |  | 6 799 563.90 | 0.96 |
| Registered shares |  |  |  |
| China |  |  |  |
| HKD	HANGZHOU TIGERMED NPV	210 300.00 | 3 540 038.70 | 0.50 |
| Total China | 3 540 038.70 | 0.50 |
| Denmark |  |  |  |  |
| DKK | NOVO-NORDISK AS DKK0.2 SER’B’ | 87 380.00 | 5 893 673.93 | 0.83 |
| Total Denmark	5 893 673.93	0.83 |
| Finland |  |  |  |  |
| EUR | NESTE OIL OYJ NPV | 68 818.00 | 4 624 742.75 | 0.65 |
| EUR | SAMPO PLC SER’A’NPV | 174 843.00 | 7 577 402.93 | 1.07 |
| Total Finland	12 202 145.68	1.72 |
| Germany |  |  |  |  |
| EUR | ALLIANZ SE NPV(REGD)(VINKULIERT) | 18 342.00 | 4 336 798.84 | 0.61 |
| EUR | MUENCHENER RUECKVE NPV(REGD) | 22 836.00 | 6 381 116.46 | 0.90 |
| EUR | SIEMENS AG NPV(REGD) | 64 187.00 | 8 599 414.81 | 1.22 |
| Total Germany	19 317 330.11	2.73 |
| Italy |  |  |  |  |
| EUR | ENEL EUR1 | 473 506.00 | 4 740 833.93 | 0.67 |
| Total Italy |  |  | 4 740 833.93 | 0.67 |

UBS (Lux) Equity SICAV – Global Opportunity (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) |  |
| Japan |  |  |  |  |
| JPY | ITOCHU CORP NPV | 280 400.00 | 7 417 726.23 | 1.05 |
| JPY | NEC CORP NPV | 97 400.00 | 5 258 806.06 | 0.74 |
| JPY | NOMURA RESEARCH IN NPV | 197 100.00 | 6 662 934.57 | 0.94 |
| JPY | SOFTBANK GROUP CO NPV | 82 500.00 | 5 753 440.44 | 0.81 |
| JPY | SONY CORP NPV | 78 200.00 | 7 277 418.39 | 1.03 |
| JPY | TOKYO ELECTRON NPV | 21 300.00 | 7 245 370.44 | 1.02 |
| Total Japan |  | 39 615 696.13 | 5.59 |
| The Netherlands |  |  |  |
| EUR	ADYEN NV EUR0.01 | 2 354.00 | 4 510 999.39 | 0.64 |
| EUR	ASML HOLDING NV EUR0.09 | 12 696.00 | 5 525 773.65 | 0.78 |
| EUR	PROSUS N.V. EUR0.05 | 49 494.00 | 5 378 157.02 | 0.76 |
| Total The Netherlands |  | 15 414 930.06 | 2.18 |
| Switzerland |  |  |  |
| CHF	NESTLE SA CHF0.10(REGD) | 38 064.00 | 4 254 187.03 | 0.60 |
| Total Switzerland |  | 4 254 187.03 | 0.60 |
| United Kingdom |  |  |  |
| GBP	LONDON STOCK EXCH ORD GBP0.06918604 | 42 717.00 | 4 622 797.56 | 0.65 |
| Total United Kingdom |  | 4 622 797.56 | 0.65 |
| United States |  |  |  |
| USD	ABBOTT LABS COM | 87 178.00 | 9 434 403.16 | 1.33 |
| USD	ADOBE INC COM USD0.0001 | 49 671.00 | 23 766 083.37 | 3.36 |
| USD	ALLSTATE CORP COM | 50 475.00 | 5 166 116.25 | 0.73 |
| USD	AMAZON COM INC COM USD0.01 | 9 841.00 | 31 176 681.64 | 4.40 |
| USD	AMPHENOL CORP NEW CL A | 29 668.00 | 3 880 871.08 | 0.55 |
| USD	ANTHEM INC COM USD0.01 | 21 026.00 | 6 550 019.52 | 0.92 |
| USD	APPLE INC COM NPV | 66 520.00 | 7 919 206.00 | 1.12 |
| USD	CHARTER COMMUN INC COM USD0.001 CLASS ‘A’ | 21 828.00 | 14 231 637.72 | 2.01 |
| USD	EVERSOURCE ENERGY COM USD5 | 90 768.00 | 7 943 107.68 | 1.12 |
| USD	FACEBOOK INC COM USD0.000006 CL ‘A’ | 99 365.00 | 27 521 124.05 | 3.89 |
| USD	GLOBAL PAYMENTS COM NPV | 16 575.00 | 3 235 274.25 | 0.46 |
| USD	HOME DEPOT INC COM USD0.05 | 43 084.00 | 11 951 932.44 | 1.69 |
| USD	INTUIT INC COM USD0.01 | 26 809.00 | 9 437 304.18 | 1.33 |
| USD	MASTERCARD INC COM USD0.0001 CLASS ‘A’ | 73 574.00 | 24 758 386.74 | 3.50 |
| USD	MICROSOFT CORP COM USD0.0000125 | 203 452.00 | 43 552 969.64 | 6.15 |
| USD	MONDELEZ INTL INC COM USD0.01 | 136 208.00 | 7 825 149.60 | 1.10 |
| USD	PAYPAL HOLDINGS IN COM USD0.0001 | 73 326.00 | 15 700 563.12 | 2.22 |
| USD	PPD INC COM USD0.01 | 207 527.00 | 7 263 445.00 | 1.03 |
| USD	PROCTER & GAMBLE COM NPV | 68 218.00 | 9 473 433.66 | 1.34 |
| USD	SERVICENOW INC COM USD0.001 | 25 040.00 | 13 385 132.00 | 1.89 |
| USD	T-MOBILE US INC COM USD0.0001 | 68 916.00 | 9 161 693.04 | 1.29 |
| USD	THERMO FISHER SCIE COM USD1 | 34 341.00 | 15 967 878.18 | 2.26 |
| USD	UNITEDHEALTH GRP COM USD0.01 | 19 116.00 | 6 429 475.44 | 0.91 |
| USD	VISA INC COM STK USD0.0001 | 52 974.00 | 11 143 080.90 | 1.57 |
| Total United States |  | 326 874 968.66 | 46.17 |
| Total Registered shares |  | 436 476 601.79 | 61.64 |
| Depository receipts |  |  |  |
| China |  |  |  |
| USD	ALIBABA GROUP HLDG SPON ADS EACH REP ONE ORD-ADR | 68 586.00 | 18 062 808.96 | 2.55 |
| USD	TAL EDUCATION GRP ADS EA REPR 2 CL A ORD SHS | 81 200.00 | 5 688 872.00 | 0.81 |
| Total China |  | 23 751 680.96 | 3.36 |
| Total Depository receipts |  | 23 751 680.96 | 3.36 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 682 060 915.54 | 96.33 |
| Total investments in securities |  | 682 060 915.54 | 96.33 |
|  |  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets |  | 25 819 616.06 | 3.65 |
| Other assets and liabilities |  | 188 322.79 | 0.02 |
| Total net assets |  | 708 068 854.39 | 100.00 |

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

Translation (ENDE, 2020-11-30):
# UBS (Lux) Equity SICAV – Global Opportunity (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2020 | 31.5.2020 |
| Nettovermögen in USD |  | 708 068 854.39 | 339 421 987.25 |
| Klasse P-acc 1 | LU2108987350 |  |  |
| Aktien im Umlauf |  | 154.0090 | 200.0000 |
| Nettoinventarwert pro Aktie in USD |  | 106.86 | 91.54 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 106.86 | 91.54 |
| Klasse Q-acc 3 | LU2100403745 |  |  |
| Aktien im Umlauf |  | 366.0000 | 415.0000 |
| Nettoinventarwert pro Aktie in USD |  | 107.83 | 91.97 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 107.83 | 91.97 |
| Klasse U-X-acc 3 | LU2100403588 |  |  |
| Aktien im Umlauf |  | 65 136.0000 | 36 791.0000 |
| Nettoinventarwert pro Aktie in USD |  | 10 869.76 | 9 224.14 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 10 869.76 | 9 224.14 |
| 1  Erste NAV 21.2.2020 2  Siehe Erläuterung 1 3  Erste NAV 14.2.2020 |  |  |  |

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

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Vereinigte Staaten | 66.49 |
| --- | --- |
| Japan | 5.97 |
| Frankreich | 5.26 |
| China | 4.88 |
| Niederlande | 3.68 |
| Deutschland | 2.73 |
| Dänemark | 1.88 |
| Finnland | 1.72 |
| Schweiz | 1.56 |
| Grossbritannien | 1.49 |
| Italien | 0.67 |
| Total | 96.33 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Internet, Software & IT-Dienste | 24.66 |
| --- | --- |
| Pharmazeutik, Kosmetik & medizinische Produkte | 9.54 |
| Versicherungen | 7.35 |
| Banken & Kreditinstitute | 7.31 |
| Elektronik & Halbleiter | 6.48 |
| Finanz- & Beteiligungsgesellschaften | 6.46 |
| Detailhandel, Warenhäuser | 6.09 |
| Telekommunikation | 4.28 |
| Energie- & Wasserversorgung | 4.04 |
| Nahrungsmittel & Softdrinks | 3.69 |
| Gesundheits- & Sozialwesen | 2.64 |
| Diverse Dienstleistungen | 2.55 |
| Computer & Netzwerkausrüster | 1.86 |
| Erdöl | 1.70 |
| Diverse Konsumgüter | 1.34 |
| Elektrische Geräte & Komponenten | 1.28 |
| Diverse Investitionsgüter | 1.21 |
| Chemie | 1.12 |
| Diverse Handelsfirmen | 1.05 |
| Tabak & alkoholische Getränke | 1.04 |
| Fahrzeuge | 0.64 |
| Total | 96.33 |


## Nettovermögensaufstellung
Aktiva	30.11.2020
USD
Wertpapierbestand, Einstandswert	611 313 810.64
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	70 747 104.90	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 682 060 915.54 |
| Bankguthaben, Sicht- und Fristgelder | 25 819 616.06 |
| Forderungen aus Wertpapierverkäufen (Erläuterung 1) | 2 397 746.83 |
| Forderungen aus Zeichnungen | 185 791.98 |
| Forderungen aus Dividenden | 522 788.81 |
| Sonstige Forderungen | 84 032.50 |
| Total Aktiva | 711 070 891.72 |
|  |  |
| Passiva |  |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -2 976 306.03 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -28.11 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -11 740.72 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-13 962.47	 |
| Total Rückstellungen für Aufwendungen | -25 731.30 |
| Total Passiva | -3 002 037.33 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 708 068 854.39 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 1.6.2020-30.11.2020 |
| Dividenden | 2 049 153.93 |
| Sonstige Erträge (Erläuterung 4) | 154 907.30 |
| Total Erträge | 2 204 061.23 |
|  |  |
| Aufwendungen |  |
| Pauschale Verwaltungskommission (Erläuterung 2) | -410.76 |
| Abonnementsabgabe (Erläuterung 3) | -32 678.38 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -31 142.14 |
| Zinsaufwand aus liquiden Mitteln und Kontokorrentkredit | -1 271.16 |
| Total Aufwendungen | -65 502.44 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | 2 138 558.79 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 13 052 995.00 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | -111 108.05 |
| Realisierter Währungsgewinn (-verlust) | 197 782.19 |
| Total der realisierten Gewinne (Verluste) | 13 139 669.14 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | 15 278 227.93 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 57 040 281.66 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 57 040 281.66 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 72 318 509.59 |

UBS (Lux) Equity SICAV – Global Opportunity (USD) Halbjahresbericht per 30. November 2020
| Veränderung des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.6.2020-30.11.2020 |
| Nettovermögen zu Beginn der Berichtsperiode | 339 421 987.25 |
| Zeichnungen | 312 724 169.30 |
| Rücknahmen | 	-16 395 811.75	 |
| Total Mittelzufluss (-abfluss) | 296 328 357.55 |
| Nettoerträge (-verluste) aus Anlagen | 2 138 558.79 |
| Total der realisierten Gewinne (Verluste) | 13 139 669.14 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	57 040 281.66	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 72 318 509.59 |
| Nettovermögen am Ende der Berichtsperiode | 708 068 854.39 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2020-30.11.2020 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 200.0000 |
| Anzahl der ausgegebenen Aktien | 54.0170 |
| Anzahl der zurückgegebenen Aktien | -100.0080 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 154.0090 |
| Klasse | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 415.0000 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -49.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 366.0000 |
| Klasse | U-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 36 791.0000 |
| Anzahl der ausgegebenen Aktien | 29 889.0000 |
| Anzahl der zurückgegebenen Aktien | -1 544.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 65 136.0000 |

UBS (Lux) Equity SICAV – Global Opportunity (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 |  |  |  |
| China |  |  |  |
| CNY	KWEICHOW MOUTAI ‘A’CNY1 | 10 400.00 | 2 708 010.09 | 0.38 |
| HKD	ZHONGSHENG GROUP H HKD0.0001 REG’S | 601 500.00 | 4 515 614.32 | 0.64 |
| Total China |  | 7 223 624.41 | 1.02 |
| Dänemark |  |  |  |
| DKK	ORSTED A/S DKK10 | 41 137.00 | 7 430 773.48 | 1.05 |
| Total Dänemark |  | 7 430 773.48 | 1.05 |
| Frankreich |  |  |  |
| EUR	AIR LIQUIDE(L’) EUR5.5 (POST-SUBDIVISION) | 48 103.00 | 7 920 492.30 | 1.12 |
| EUR	L’OREAL EUR0.20 | 17 661.00 | 6 481 483.86 | 0.91 |
| EUR	SANOFI EUR2 | 68 429.00 | 6 933 917.55 | 0.98 |
| EUR	SCHNEIDER ELECTRIC EUR8 | 64 736.00 | 9 033 049.75 | 1.28 |
| EUR	TELEPERFORMANCE EUR2.50 | 20 628.00 | 6 889 319.64 | 0.97 |
| Total Frankreich |  | 37 258 263.10 | 5.26 |
| Japan |  |  |  |
| JPY	FUJI SOFT INCORP NPV | 55 200.00 | 2 678 609.45 | 0.38 |
| Total Japan |  | 2 678 609.45 | 0.38 |
| Niederlande |  |  |  |
| EUR	HEINEKEN NV EUR1.60 | 43 668.00 | 4 623 900.76 | 0.65 |
| EUR	KONINKLIJKE PHILIPS NV EUR0.20 | 116 197.00 | 6 026 816.76 | 0.85 |
| Total Niederlande |  | 10 650 717.52 | 1.50 |
| Grossbritannien |  |  |  |
| GBP	3I GROUP ORD GBP0.738636 | 415 610.00 | 5 939 777.70 | 0.84 |
| Total Grossbritannien |  | 5 939 777.70 | 0.84 |
| Vereinigte Staaten |  |  |  |
| USD	ALPHABET INC CAP STK USD0.001 CL C | 12 707.00 | 22 373 723.18 | 3.16 |
| USD	COCA-COLA CO COM USD0.25 | 272 402.00 | 14 055 943.20 | 1.99 |
| USD	EDWARDS LIFESCIENCES CORP COM | 115 669.00 | 9 703 472.41 | 1.37 |
| USD	EPAM SYS INC COM USD0.001 | 10 640.00 | 3 429 591.20 | 0.48 |
| USD	GENERAC HLDGS INC COM USD0.01 | 37 212.00 | 8 022 907.20 | 1.13 |
| USD	JP MORGAN CHASE & COM USD1 | 96 064.00 | 11 324 024.32 | 1.60 |
| USD	MARSH & MCLENNAN COM USD1 | 121 762.00 | 13 958 795.68 | 1.97 |
| USD	MOODYS CORP COM USD0.01 | 40 489.00 | 11 431 664.26 | 1.62 |
| USD	NEXTERA ENERGY INC COM USD0.01 | 216 568.00 | 15 937 239.12 | 2.25 |
| USD	PRIMERICA INC COM USD0.01 | 42 872.00 | 5 584 935.44 | 0.79 |
| USD	PROGRESSIVE CP(OH) COM USD1 | 104 146.00 | 9 072 158.06 | 1.28 |
| USD	VMWARE INC COM STK USD0.01 CLASS ‘A’ | 53 158.00 | 7 436 272.62 | 1.05 |
| USD	ZOETIS INC COM USD0.01 CL ‘A’ | 71 833.00 | 11 520 576.54 | 1.63 |
| Total Vereinigte Staaten |  | 143 851 303.23 | 20.32 |
| Total Inhaberaktien |  | 215 033 068.89 | 30.37 |
| Weitere Aktien |  |  |  |
| Schweiz |  |  |  |
| CHF	ROCHE HLDGS AG GENUSSCHEINE NPV	20 584.00 | 6 799 563.90 | 0.96 |
| Total Schweiz | 6 799 563.90 | 0.96 |
| Total Weitere Aktien | 6 799 563.90 | 0.96 |

Namensaktien
| China |  |
| --- | --- |
| HKD | HANGZHOU TIGERMED NPV | 210 300.00 | 3 540 038.70 | 0.50 |
| Total China |  | 3 540 038.70 | 0.50 |
| Dänemark |  |  |  |
| DKK	NOVO-NORDISK AS DKK0.2 SER’B’ | 87 380.00 | 5 893 673.93 | 0.83 |
| Total Dänemark |  | 5 893 673.93 | 0.83 |
| Finnland |  |  |  |
| EUR	NESTE OIL OYJ NPV | 68 818.00 | 4 624 742.75 | 0.65 |
| EUR	SAMPO PLC SER’A’NPV | 174 843.00 | 7 577 402.93 | 1.07 |
| Total Finnland |  | 12 202 145.68 | 1.72 |
| Deutschland |  |  |  |
| EUR	ALLIANZ SE NPV(REGD)(VINKULIERT) | 18 342.00 | 4 336 798.84 | 0.61 |
| EUR	MUENCHENER RUECKVE NPV(REGD) | 22 836.00 | 6 381 116.46 | 0.90 |
| EUR	SIEMENS AG NPV(REGD) | 64 187.00 | 8 599 414.81 | 1.22 |
| Total Deutschland |  | 19 317 330.11 | 2.73 |
| Italien |  |  |  |
| EUR	ENEL EUR1 | 473 506.00 | 4 740 833.93 | 0.67 |
| Total Italien |  | 4 740 833.93 | 0.67 |

UBS (Lux) Equity SICAV – Global Opportunity (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) |  |
| Japan |  |  |  |  |
| JPY | ITOCHU CORP NPV | 280 400.00 | 7 417 726.23 | 1.05 |
| JPY | NEC CORP NPV | 97 400.00 | 5 258 806.06 | 0.74 |
| JPY | NOMURA RESEARCH IN NPV | 197 100.00 | 6 662 934.57 | 0.94 |
| JPY | SOFTBANK GROUP CO NPV | 82 500.00 | 5 753 440.44 | 0.81 |
| JPY | SONY CORP NPV | 78 200.00 | 7 277 418.39 | 1.03 |
| JPY | TOKYO ELECTRON NPV | 21 300.00 | 7 245 370.44 | 1.02 |
| Total Japan |  | 39 615 696.13 | 5.59 |
| Niederlande |  |  |  |
| EUR	ADYEN NV EUR0.01 | 2 354.00 | 4 510 999.39 | 0.64 |
| EUR	ASML HOLDING NV EUR0.09 | 12 696.00 | 5 525 773.65 | 0.78 |
| EUR	PROSUS N.V. EUR0.05 | 49 494.00 | 5 378 157.02 | 0.76 |
| Total Niederlande |  | 15 414 930.06 | 2.18 |
| Schweiz |  |  |  |
| CHF	NESTLE SA CHF0.10(REGD) | 38 064.00 | 4 254 187.03 | 0.60 |
| Total Schweiz |  | 4 254 187.03 | 0.60 |
| Grossbritannien |  |  |  |
| GBP	LONDON STOCK EXCH ORD GBP0.06918604 | 42 717.00 | 4 622 797.56 | 0.65 |
| Total Grossbritannien |  | 4 622 797.56 | 0.65 |
| Vereinigte Staaten |  |  |  |
| USD	ABBOTT LABS COM | 87 178.00 | 9 434 403.16 | 1.33 |
| USD	ADOBE INC COM USD0.0001 | 49 671.00 | 23 766 083.37 | 3.36 |
| USD	ALLSTATE CORP COM | 50 475.00 | 5 166 116.25 | 0.73 |
| USD	AMAZON COM INC COM USD0.01 | 9 841.00 | 31 176 681.64 | 4.40 |
| USD	AMPHENOL CORP NEW CL A | 29 668.00 | 3 880 871.08 | 0.55 |
| USD	ANTHEM INC COM USD0.01 | 21 026.00 | 6 550 019.52 | 0.92 |
| USD	APPLE INC COM NPV | 66 520.00 | 7 919 206.00 | 1.12 |
| USD	CHARTER COMMUN INC COM USD0.001 CLASS ‘A’ | 21 828.00 | 14 231 637.72 | 2.01 |
| USD	EVERSOURCE ENERGY COM USD5 | 90 768.00 | 7 943 107.68 | 1.12 |
| USD	FACEBOOK INC COM USD0.000006 CL ‘A’ | 99 365.00 | 27 521 124.05 | 3.89 |
| USD	GLOBAL PAYMENTS COM NPV | 16 575.00 | 3 235 274.25 | 0.46 |
| USD	HOME DEPOT INC COM USD0.05 | 43 084.00 | 11 951 932.44 | 1.69 |
| USD	INTUIT INC COM USD0.01 | 26 809.00 | 9 437 304.18 | 1.33 |
| USD	MASTERCARD INC COM USD0.0001 CLASS ‘A’ | 73 574.00 | 24 758 386.74 | 3.50 |
| USD	MICROSOFT CORP COM USD0.0000125 | 203 452.00 | 43 552 969.64 | 6.15 |
| USD	MONDELEZ INTL INC COM USD0.01 | 136 208.00 | 7 825 149.60 | 1.10 |
| USD	PAYPAL HOLDINGS IN COM USD0.0001 | 73 326.00 | 15 700 563.12 | 2.22 |
| USD	PPD INC COM USD0.01 | 207 527.00 | 7 263 445.00 | 1.03 |
| USD	PROCTER & GAMBLE COM NPV | 68 218.00 | 9 473 433.66 | 1.34 |
| USD	SERVICENOW INC COM USD0.001 | 25 040.00 | 13 385 132.00 | 1.89 |
| USD	T-MOBILE US INC COM USD0.0001 | 68 916.00 | 9 161 693.04 | 1.29 |
| USD	THERMO FISHER SCIE COM USD1 | 34 341.00 | 15 967 878.18 | 2.26 |
| USD	UNITEDHEALTH GRP COM USD0.01 | 19 116.00 | 6 429 475.44 | 0.91 |
| USD	VISA INC COM STK USD0.0001 | 52 974.00 | 11 143 080.90 | 1.57 |
| Total Vereinigte Staaten |  | 326 874 968.66 | 46.17 |
| Total Namensaktien |  | 436 476 601.79 | 61.64 |
| Depository Receipts |  |  |  |
| China |  |  |  |
| USD	ALIBABA GROUP HLDG SPON ADS EACH REP ONE ORD-ADR | 68 586.00 | 18 062 808.96 | 2.55 |
| USD	TAL EDUCATION GRP ADS EA REPR 2 CL A ORD SHS | 81 200.00 | 5 688 872.00 | 0.81 |
| Total China |  | 23 751 680.96 | 3.36 |
| Total Depository Receipts |  | 23 751 680.96 | 3.36 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  | 682 060 915.54 | 96.33 |
| Total des Wertpapierbestandes |  | 682 060 915.54 | 96.33 |
|  |  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel |  | 25 819 616.06 | 3.65 |
| Andere Aktiva und Passiva |  | 188 322.79 | 0.02 |
| Total des Nettovermögens |  | 708 068 854.39 | 100.00 |

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