# Unaudited semi-annual report as of 31 May 2021
| Table of contents | Page |  | ISIN |
| --- | --- | --- | --- |
| Management and Administration | 3 |  |  |
| Features of the Fund | 5 |  |  |
| UBS (Lux) Equity Fund | 11 |  |  |
| UBS (Lux) Equity Fund – Biotech (USD) | 13 | P-acc | LU0069152568 |
|  |  | (SEK) P-acc | LU1991432631 |
|  |  | Q-acc | LU0400035332 |
|  |  | QL-acc | LU2208649280 |
| UBS (Lux) Equity Fund – Canada (CAD) | 18 | P-acc | LU0043389872 |
|  |  | Q-acc | LU0400038278 |
| UBS (Lux) Equity Fund – China Opportunity (USD) | 20 | F-acc | LU0403295958 |
|  |  | I-A1-acc | LU1017642064 |
|  |  | (EUR) I-A1-acc | LU2084644850 |
|  |  | I-A2-acc | LU2059874102 |
|  |  | I-A3-acc | LU1951186714 |
|  |  | (EUR) I-A3-dist | LU2258404156 |
|  |  | I-B-acc | LU1751696524 |
|  |  | (EUR) I-B-acc | LU1732805723 |
|  |  | I-X-acc | LU2310059436 |
|  |  | K-1-acc | LU0403295446 |
|  |  | (HKD) K-1-acc | LU1097938507 |
|  |  | K-X-acc | LU1860987491 |
|  |  | P-acc | LU0067412154 |
|  |  | (AUD hedged) P-acc | LU1227825731 |
|  |  | (EUR) P-acc | LU2131365186 |
|  |  | (EUR hedged) P-acc | LU2000522420 |
|  |  | (HKD) P-acc | LU1008478684 |
|  |  | (RMB hedged) P-acc | LU1115430461 |
|  |  | (SEK) P-acc | LU1620846664 |
|  |  | (SGD) P-acc | LU0880133367 |
|  |  | P-mdist | LU1152091168 |
|  |  | (AUD hedged) P-mdist | LU1230129766 |
|  |  | (HKD) P-mdist | LU1152091754 |
|  |  | Q-acc | LU0403296170 |
|  |  | (EUR) Q-acc | LU1923635863 |
|  |  | (EUR hedged) Q-acc | LU2191389209 |
|  |  | (HKD) Q-acc | LU1240779154 |
|  |  | (RMB hedged) Q-acc | LU1240779311 |
|  |  | (SGD) Q-acc | LU1240779584 |
|  |  | U-X-acc | LU2227887226 |
| UBS (Lux) Equity Fund |  |  |  |
| – Emerging Markets Sustainable Leaders (USD)* | 29 | I-B-acc | LU0400030887 |
|  |  | (EUR) N-acc | LU0577512071 |
|  |  | P-acc | LU0106959298 |
|  |  | (CHF hedged) P-acc | LU0763732723 |
|  |  | (SGD) P-acc | LU0443062806 |
|  |  | Q-acc | LU0400029954 |
|  |  | (CHF hedged) Q-acc | LU1240778859 |
| UBS (Lux) Equity Fund – Euro Countries Opportunity (EUR) | 34 | I-A1-acc | LU0401310601 |
|  |  | I-B-acc | LU0401311328 |
|  |  | I-X-acc | LU0401311674 |
|  |  | P-acc | LU0085870433 |
|  |  | Q-acc | LU0401310437 |
|  |  | U-X-acc | LU0401311831 |
| UBS (Lux) Equity Fund |  |  |  |
| – European Opportunity Sustainable (EUR)** | 39 | I-A1-acc | LU0401336408 |
|  |  | I-A2-acc | LU0401337042 |
|  |  | I-A3-acc | LU1202188246 |
|  |  | I-X-acc | LU0401338529 |
|  |  | K-B-acc | LU2282402812 |
|  |  | P-acc | LU0006391097 |
|  |  | (USD hedged) P-acc | LU0964806797 |
|  |  | Q-acc | LU0358043668 |
|  |  | (USD hedged) Q-acc | LU1240779741 |
|  |  | U-X-acc | LU0401339337 |
| UBS (Lux) Equity Fund – Global Sustainable (USD) | 46 | I-A1-acc | LU0401295539 |
|  |  | I-A2-acc | LU2035667513 |
|  |  | I-B-acc | LU2212341031 |
| * formerly UBS (Lux) Equity Fund – Asian Consumption (USD) ** formerly UBS (Lux) Equity Fund – European Opportunity (EUR) |  |  |  |

| UBS (Lux) Equity Fund – Greater China (USD) | 53 | (EUR) I-B-acc (JPY hedged) I-B-acc I-X-acc (CAD) I-X-acc P-acc (EUR hedged) P-acc (EUR) P-dist Q-acc (EUR) Q-acc U-X-acc F-acc | LU0401299366 LU1807254583 LU1363474898 LU1043178554 LU0076532638 LU2000521885 LU0401296933 LU1240780160 LU1902337663 LU2038037458 LU0403290058 |
| --- | --- | --- | --- |
| UBS (Lux) Equity Fund – Health Care (USD) | 59 | I-A1-acc I-A2-acc I-A3-acc I-X-acc (EUR) N-acc P-acc (CHF hedged) P-acc (EUR hedged) P-acc (SGD) P-acc Q-acc (CHF hedged) Q-acc (EUR hedged) Q-acc P-acc | LU0403290488 LU0403290645 LU2059875505 LU0403291452 LU0577510026 LU0072913022 LU0763739066 LU0763739140 LU0501845795 LU0403290215 LU1240780590 LU1240780673 LU0085953304 |
| UBS (Lux) Equity Fund – Japan (JPY) | 64 | Q-acc I-A1-acc | LU0358044559 LU0403304966 |
| UBS (Lux) Equity Fund – Mid Caps Europe (EUR) | 68 | P-acc Q-acc I-B-acc | LU0098994485 LU0403304701 LU0403311318 |
| UBS (Lux) Equity Fund – Mid Caps USA (USD) | 73 | P-acc Q-acc I-B-acc | LU0049842692 LU0403310344 LU0403314254 |
| UBS (Lux) Equity Fund – Small Caps USA (USD) | 78 | (CHF hedged) I-B-acc P-acc (CHF hedged) P-acc Q-acc (CHF hedged) Q-acc U-X-acc F-acc | LU2220381201 LU0049842262 LU0781589055 LU0358044807 LU1240780913 LU0403314684 LU0404627084 |
| UBS (Lux) Equity Fund – Tech Opportunity (USD) | 83 | I-B-acc P-acc Q-acc U-X-acc P-acc | LU2245806570 LU0038842364 LU0404627241 LU2227885360 LU0081259029 |
| UBS (Lux) Equity Fund – US Sustainable (USD) | 88 | (CHF hedged) P-acc (EUR hedged) P-acc Q-acc (CHF hedged) Q-acc (EUR hedged) Q-acc P-acc | LU0855184452 LU0804734787 LU0404636747 LU1240779824 LU0979667374 LU0098995292 |
|  |  | Q-acc | LU0358044989 |
| Notes to the Financial Statements | 93 |  |  |
| Appendix | 105 |  |  |

Sales restrictions
Units of this Fund may not be offered, sold or distributed within the United States of America.
Internet address
www.ubs.com/funds

Translation (ENDE, 2021-05-31):
# Ungeprüfler Halbjahresbericht per 31. Mai 2021
| Inhaltsverzeichnis | Seite |  | ISIN |
| --- | --- | --- | --- |
| Management und Verwaltung | 3 |  |  |
| Charakteristik des Fonds | 5 |  |  |
| UBS (Lux) Equity Fund | 11 |  |  |
| UBS (Lux) Equity Fund – Biotech (USD) | 13 | P-acc | LU0069152568 |
|  |  | (SEK) P-acc | LU1991432631 |
|  |  | Q-acc | LU0400035332 |
|  |  | QL-acc | LU2208649280 |
| UBS (Lux) Equity Fund – Canada (CAD) | 18 | P-acc | LU0043389872 |
|  |  | Q-acc | LU0400038278 |
| UBS (Lux) Equity Fund – China Opportunity (USD) | 20 | F-acc | LU0403295958 |
|  |  | I-A1-acc | LU1017642064 |
|  |  | (EUR) I-A1-acc | LU2084644850 |
|  |  | I-A2-acc | LU2059874102 |
|  |  | I-A3-acc | LU1951186714 |
|  |  | (EUR) I-A3-dist | LU2258404156 |
|  |  | I-B-acc | LU1751696524 |
|  |  | (EUR) I-B-acc | LU1732805723 |
|  |  | I-X-acc | LU2310059436 |
|  |  | K-1-acc | LU0403295446 |
|  |  | (HKD) K-1-acc | LU1097938507 |
|  |  | K-X-acc | LU1860987491 |
|  |  | P-acc | LU0067412154 |
|  |  | (AUD hedged) P-acc | LU1227825731 |
|  |  | (EUR) P-acc | LU2131365186 |
|  |  | (EUR hedged) P-acc | LU2000522420 |
|  |  | (HKD) P-acc | LU1008478684 |
|  |  | (RMB hedged) P-acc | LU1115430461 |
|  |  | (SEK) P-acc | LU1620846664 |
|  |  | (SGD) P-acc | LU0880133367 |
|  |  | P-mdist | LU1152091168 |
|  |  | (AUD hedged) P-mdist | LU1230129766 |
|  |  | (HKD) P-mdist | LU1152091754 |
|  |  | Q-acc | LU0403296170 |
|  |  | (EUR) Q-acc | LU1923635863 |
|  |  | (EUR hedged) Q-acc | LU2191389209 |
|  |  | (HKD) Q-acc | LU1240779154 |
|  |  | (RMB hedged) Q-acc | LU1240779311 |
|  |  | (SGD) Q-acc | LU1240779584 |
|  |  | U-X-acc | LU2227887226 |
| UBS (Lux) Equity Fund |  |  |  |
| – Emerging Markets Sustainable Leaders (USD)* | 29 | I-B-acc | LU0400030887 |
|  |  | (EUR) N-acc | LU0577512071 |
|  |  | P-acc | LU0106959298 |
|  |  | (CHF hedged) P-acc | LU0763732723 |
|  |  | (SGD) P-acc | LU0443062806 |
|  |  | Q-acc | LU0400029954 |
|  |  | (CHF hedged) Q-acc | LU1240778859 |
| UBS (Lux) Equity Fund – Euro Countries Opportunity (EUR) | 34 | I-A1-acc | LU0401310601 |
|  |  | I-B-acc | LU0401311328 |
|  |  | I-X-acc | LU0401311674 |
|  |  | P-acc | LU0085870433 |
|  |  | Q-acc | LU0401310437 |
|  |  | U-X-acc | LU0401311831 |
| UBS (Lux) Equity Fund |  |  |  |
| – European Opportunity Sustainable (EUR)** | 39 | I-A1-acc | LU0401336408 |
|  |  | I-A2-acc | LU0401337042 |
|  |  | I-A3-acc | LU1202188246 |
|  |  | I-X-acc | LU0401338529 |
|  |  | K-B-acc | LU2282402812 |
|  |  | P-acc | LU0006391097 |
|  |  | (USD hedged) P-acc | LU0964806797 |
|  |  | Q-acc | LU0358043668 |
|  |  | (USD hedged) Q-acc | LU1240779741 |
|  |  | U-X-acc | LU0401339337 |
| UBS (Lux) Equity Fund – Global Sustainable (USD) | 46 | I-A1-acc | LU0401295539 |
|  |  | I-A2-acc | LU2035667513 |
|  |  | I-B-acc | LU2212341031 |
| * ehemals UBS (Lux) Equity Fund – Asian Consumption (USD) ** ehemals UBS (Lux) Equity Fund – European Opportunity (EUR) |  |  |  |

| UBS (Lux) Equity Fund – Greater China (USD) | 53 | (EUR) I-B-acc (JPY hedged) I-B-acc I-X-acc (CAD) I-X-acc P-acc (EUR hedged) P-acc (EUR) P-dist Q-acc (EUR) Q-acc U-X-acc F-acc | LU0401299366 LU1807254583 LU1363474898 LU1043178554 LU0076532638 LU2000521885 LU0401296933 LU1240780160 LU1902337663 LU2038037458 LU0403290058 |
| --- | --- | --- | --- |
| UBS (Lux) Equity Fund – Health Care (USD) | 59 | I-A1-acc I-A2-acc I-A3-acc I-X-acc (EUR) N-acc P-acc (CHF hedged) P-acc (EUR hedged) P-acc (SGD) P-acc Q-acc (CHF hedged) Q-acc (EUR hedged) Q-acc P-acc | LU0403290488 LU0403290645 LU2059875505 LU0403291452 LU0577510026 LU0072913022 LU0763739066 LU0763739140 LU0501845795 LU0403290215 LU1240780590 LU1240780673 LU0085953304 |
| UBS (Lux) Equity Fund – Japan (JPY) | 64 | Q-acc I-A1-acc | LU0358044559 LU0403304966 |
| UBS (Lux) Equity Fund – Mid Caps Europe (EUR) | 68 | P-acc Q-acc I-B-acc | LU0098994485 LU0403304701 LU0403311318 |
| UBS (Lux) Equity Fund – Mid Caps USA (USD) | 73 | P-acc Q-acc I-B-acc | LU0049842692 LU0403310344 LU0403314254 |
| UBS (Lux) Equity Fund – Small Caps USA (USD) | 78 | (CHF hedged) I-B-acc P-acc (CHF hedged) P-acc Q-acc (CHF hedged) Q-acc U-X-acc F-acc | LU2220381201 LU0049842262 LU0781589055 LU0358044807 LU1240780913 LU0403314684 LU0404627084 |
| UBS (Lux) Equity Fund – Tech Opportunity (USD) | 83 | I-B-acc P-acc Q-acc U-X-acc P-acc | LU2245806570 LU0038842364 LU0404627241 LU2227885360 LU0081259029 |
| UBS (Lux) Equity Fund – US Sustainable (USD) | 88 | (CHF hedged) P-acc (EUR hedged) P-acc Q-acc (CHF hedged) Q-acc (EUR hedged) Q-acc P-acc | LU0855184452 LU0804734787 LU0404636747 LU1240779824 LU0979667374 LU0098995292 |
|  |  | Q-acc | LU0358044989 |
| Erläuterungen zum Halbjahresbericht (Anhang) | 93 |  |  |
| Weitere Angaben | 105 |  |  |

Verkaufsrestriktionen
Innerhalb der USA dürfen Anteile dieses Fonds weder angeboten noch verkauft oder ausgeliefert werden.
Internetadresse
www.ubs.com/funds