# UBS (Lux) Strategy Fund – Growth (EUR)
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 31.1.2021 | 31.1.2020 | 31.1.2019 |
| Net assets in EUR |  | 137 571 722.04 | 148 164 060.87 | 153 568 124.70 |
| Class N-acc | LU0167296127 |  |  |  |
| Units outstanding |  | 459 520.4860 | 651 119.6810 | 795 233.9220 |
| Net asset value per unit in EUR |  | 20.08 | 19.21 | 17.76 |
| Issue and redemption price per unit in EUR 1 |  | 20.08 | 19.21 | 17.76 |
| Class P-acc | LU0033036590 |  |  |  |
| Units outstanding |  | 31 327.9430 | 35 090.5500 | 39 680.0930 |
| Net asset value per unit in EUR |  | 3 726.90 | 3 558.08 | 3 285.24 |
| Issue and redemption price per unit in EUR 1 |  | 3 726.90 | 3 558.08 | 3 285.24 |
| Class Q-acc | LU0941351503 |  |  |  |
| Units outstanding |  | 79 736.4920 | 78 458.9480 | 71 970.4610 |
| Net asset value per unit in EUR |  | 145.32 | 137.71 | 126.20 |
| Issue and redemption price per unit in EUR 1 |  | 145.32 | 137.71 | 126.20 |
| 1  See note 1 |  |  |  |  |
| Performance |  |  |  |  |
|  | Currency | 2020/2021 | 2019/2020 | 2018/2019 |
| Class N-acc | EUR | 4.5% | 8.2% | -7.5% |
| Class P-acc | EUR | 4.7% | 8.3% | -7.3% |
| Class Q-acc | EUR | 5.5% | 9.1% | -6.6% |
| Historical performance is no indicator of current or future performance. |  |  |  |  |

The performance data does not take account of any commissions and costs charged when subscribing and redeeming units. The performance data were not audited.
The subfund has no benchmark.

## Report of the Portfolio Manager
In Quarter 1 Covid-19 plunged the global economy into the deepest recession in decades. Subsequent govern- ment aid packages stabilized economic activity and supported a strong recovery across the global financial markets.
Several break-through announcements in the phar- maceutical sector further improved the investor senti- ment towards the year-end whereas scepticism about the implementation of vaccination programmes some- what diminished hopes of a quick normalization in 2021.
The growth-oriented positioning coupled with the di- sciplined approach ultimately paid off amidst generally strong markets post the Quarter 1 sell-off.
Over the financial year, from 1 February 2020 to
31 January 2021 the subfund generated a positive performance.

## Structure of the Securities Portfolio
Classification by Currency as a % of net assets	
USD	66.16
Total	97.07
EUR	30.91
Classification by Instrument as a % of net assets	
Investment funds, open end	92.45
Treasury notes, fixed rate	1.66
Bonds, fixed rate	1.30
Medium term notes, fixed rate	0.99
Bonds, zero coupon	0.34
Bonds, floating rate	0.15
Medium term notes, zero coupon	0.11
Notes, fixed rate	0.07
Total	97.07
UBS (Lux) Strategy Fund – Growth (EUR)
Annual report and audited financial statements as of 31 January 2021

## Statement of Net Assets
Assets	31.1.2021
EUR
Investments in securities, cost	108 209 551.75
| Investments in securities, unrealized appreciation (depreciation) | 	25 329 506.47	 |
| --- | --- |
| Total investments in securities (Note 1) | 133 539 058.22 |
| Cash at banks, deposits on demand and deposit accounts | 1 895 360.21 |
| Other liquid assets (Margins) | 1 812 354.78 |
| Receivable on subscriptions | 308 541.47 |
| Interest receivable on securities | 46 153.23 |
| Interest receivable on liquid assets | 157.34 |
| Other receivables | 42 660.93 |
| Unrealized gain on forward foreign exchange contracts (Note 1) | 204 668.51 |
| Total Assets | 137 848 954.69 |
|  |  |
| Liabilities |  |
| Unrealized loss on financial futures (Note 1) | -72 652.43 |
| Interest payable on bank overdraft | -5.71 |
| Payable on redemptions | -91 924.40 |
| Other liabilities | -710.63 |
| Provisions for flat fee (Note 2) | -93 853.90 |
| Provisions for taxe d’abonnement (Note 3) | -1 363.35 |
| Provisions for other commissions and fees (Note 2) | 	-16 722.23	 |
| Total provisions | -111 939.48 |
| Total Liabilities | -277 232.65 |
|  |  |
| Net assets at the end of the financial year | 137 571 722.04 |
| Statement of Operations | EUR |
| Income | 1.2.2020-31.1.2021 |
| Interest on liquid assets | 3 377.07 |
| Interest on securities | 104 568.93 |
| Dividends | 355 209.75 |
| Interest received on swaps (Note 1) | 6 937.06 |
| Income on securities lending (Note 15) | 4 050.57 |
| Other income (Note 4) | 28 831.82 |
| Total income | 502 975.20 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -2 577.46 |
| Flat fee (Note 2) | -2 285 712.83 |
| Taxe d’abonnement (Note 3) | -10 434.60 |
| Cost on securities lending (Note 15) | -1 620.23 |
| Other commissions and fees (Note 2) | -19 290.35 |
| Interest on cash and bank overdraft | -12 162.22 |
| Total expenses | -2 331 797.69 |
|  |  |
| Net income (loss) on investments | -1 828 822.49 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 13 075 184.14 |
| Realized gain (loss) on options | 681 108.06 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | -1 943.49 |
| Realized gain (loss) on financial futures | -1 819 534.12 |
| Realized gain (loss) on forward foreign exchange contracts | 3 550 789.51 |
| Realized gain (loss) on swaps | 29 208.10 |
| Realized gain (loss) on foreign exchange | -689 257.42 |
| Total realized gain (loss) | 14 825 554.78 |
|  |  |
| Net realized gain (loss) of the financial year | 12 996 732.29 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | -8 568 851.81 |
| Unrealized appreciation (depreciation) on options | -11 405.00 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | -996.19 |
| Unrealized appreciation (depreciation) on financial futures | 241 146.39 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | 405 113.61 |
| Total changes in unrealized appreciation (depreciation) | -7 934 993.00 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 5 061 739.29 |

UBS (Lux) Strategy Fund – Growth (EUR) Annual report and audited financial statements as of 31 January 2021
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | EUR |
|  | 1.2.2020-31.1.2021 |
| Net assets at the beginning of the financial year | 148 164 060.87 |
| Subscriptions | 11 185 974.82 |
| Redemptions | 	-26 840 052.94	 |
| Total net subscriptions (redemptions) | -15 654 078.12 |
| Net income (loss) on investments | -1 828 822.49 |
| Total realized gain (loss) | 14 825 554.78 |
| Total changes in unrealized appreciation (depreciation) | 	-7 934 993.00	 |
| Net increase (decrease) in net assets as a result of operations | 5 061 739.29 |
| Net assets at the end of the financial year | 137 571 722.04 |
| Development of the outstanding units |  |
|  | 1.2.2020-31.1.2021 |
| Class | N-acc |
| Number of units outstanding at the beginning of the financial year | 651 119.6810 |
| Number of units issued | 54 540.9840 |
| Number of units redeemed | -246 140.1790 |
| Number of units outstanding at the end of the financial year | 459 520.4860 |
| Class | P-acc |
| Number of units outstanding at the beginning of the financial year | 35 090.5500 |
| Number of units issued | 2 130.2950 |
| Number of units redeemed | -5 892.9020 |
| Number of units outstanding at the end of the financial year | 31 327.9430 |
| Class | Q-acc |
| Number of units outstanding at the beginning of the financial year | 78 458.9480 |
| Number of units issued | 22 933.1640 |
| Number of units redeemed | -21 655.6200 |
| Number of units outstanding at the end of the financial year | 79 736.4920 |

UBS (Lux) Strategy Fund – Growth (EUR)
Annual report and audited financial statements as of 31 January 2021

## Statement of Investments in Securities and other Net Assets as of 31 January 2021
| Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	CHINA, PEOPLE’S REPUBLIC OF-REG-S 0.12500% 19-12.11.26 | 100 000.00 | 101 050.00 | 0.07 |
| Total EUR |  | 101 050.00 | 0.07 |
| Total Notes, fixed rate |  | 101 050.00 | 0.07 |
| Medium term notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	BNG BANK NV-REG-S 1.12500% 14-04.09.24 | 100 000.00 | 106 007.00 | 0.08 |
| EUR	COMMONWEALTH BANK OF AUSTRALIA 3.00000% 12-03.05.22 | 100 000.00 | 104 384.00 | 0.08 |
| EUR	COMPAGNIE DE FINANCEMENT FONCIER-REG-S 0.20000% 17-16.09.22 | 100 000.00 | 101 186.00 | 0.07 |
| EUR	DEXIA CREDIT LOCAL DE FRANCE-REG-S 0.20000% 16-16.03.21 | 100 000.00 | 100 081.20 | 0.07 |
| EUR	DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 162 000.00 | 163 375.05 | 0.12 |
| EUR	EUROPEAN FINANCIAL STABILITY FAC-REG-S 0.20000% 18-17.01.24 | 100 000.00 | 102 458.80 | 0.08 |
| EUR	EUROPEAN UNION 3.50000% 11-04.06.21 | 60 000.00 | 60 828.00 | 0.04 |
| EUR	EXPORT-IMPORT BANK OF KOREA-REG-S 0.37500% 19-26.03.24 | 100 000.00 | 101 625.00 | 0.07 |
| EUR	INSTITUTO DE CREDITO OFICIAL-REG-S 0.50000% 16-26.10.23 | 40 000.00 | 40 984.80 | 0.03 |
| EUR	KREDITANSTALT FUER WIEDERAUFBAU 4.62500% 07-04.01.23 | 50 000.00 | 55 138.50 | 0.04 |
| EUR	LANDESBANK HESSEN-THUERINGEN GZ-REG-S 0.37500% 20-12.05.25 | 100 000.00 | 102 376.60 | 0.08 |
| EUR	NATIONWIDE BUILDING SOCIETY 4.37500% 07-28.02.22 | 150 000.00 | 157 863.00 | 0.12 |
| EUR	NESTLE HOLDINGS INC-REG-S 0.87500% 17-18.07.25 | 55 000.00 | 57 521.10 | 0.04 |
| EUR	SUMITOMO MITSUI BANKING CORP-REG-S 0.26700% 19-18.06.26 | 100 000.00 | 102 396.00 | 0.07 |
| Total EUR |  | 1 356 225.05 | 0.99 |
| Total Medium term notes, fixed rate |  | 1 356 225.05 | 0.99 |
| Medium term notes, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	DEUTSCHE BAHN FINANCE BV-REG-S 0.00000% 16-19.07.21 | 100 000.00 | 100 134.80 | 0.07 |
| EUR	NESTLE FINANCE INTERNATIONAL-REG-S 0.00000% 20-12.11.24 | 54 000.00 | 54 431.14 | 0.04 |
| Total EUR |  | 154 565.94 | 0.11 |
| Total Medium term notes, zero coupon |  | 154 565.94 | 0.11 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	AUSTRIA, REPUBLIC OF-REG-S 1.75000% 13-20.10.23 | 100 000.00 | 106 652.00 | 0.08 |
| EUR	BELGIUM, KINGDOM OF 4.25000% 11-28.09.21 | 50 000.00 | 51 593.00 | 0.04 |
| EUR	BELGIUM, KINGDOM OF-144A-REG-S 0.50000% 17-22.10.24 | 150 000.00 | 156 619.26 | 0.11 |
| EUR	BNP PARIBAS HOME LOAN COVERED BONDS SFH 3.87500% 11-12.07.21 | 100 000.00 | 101 948.00 | 0.07 |
| EUR	CAISSE D’AMOR DE LA DETTE SOCIALE-REG-S 2.37500% 13-25.01.24 | 50 000.00 | 54 369.90 | 0.04 |
| EUR	FRANCE, REPUBLIC OF OAT 2.25000% 12-25.10.22 | 140 000.00 | 147 140.28 | 0.11 |
| EUR	FRANCE, REPUBLIC OF-OAT 1.75000% 14-25.11.24 | 150 000.00 | 163 966.20 | 0.12 |
| EUR	FRANCE, REPUBLIC OF-OAT 0.50000% 15-25.05.25 | 100 000.00 | 104 991.80 | 0.07 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 1.00000% 15-25.11.25 | 150 000.00 | 161 926.50 | 0.12 |
| EUR	GERMANY, REPUBLIC OF 1.50000% 13-15.05.23 | 100 000.00 | 105 214.00 | 0.08 |
| EUR	GERMANY, REPUBLIC OF 2.00000% 13-15.08.23 | 100 000.00 | 107 100.97 | 0.08 |
| EUR	GERMANY, REPUBLIC OF 1.50000% 12-04.09.22 | 100 000.00 | 103 580.00 | 0.07 |
| EUR	KREDITANSTALT FUER WIEDERAUFBAU 0.12500% 17-15.01.24 | 100 000.00 | 102 336.80 | 0.07 |
| EUR	NETHERLANDS, KINGDOM OF THE 2.00000% 14-15.07.24 | 100 000.00 | 109 549.20 | 0.08 |
| EUR	NORDRHEIN-WESTFALEN, STATE OF 4.37500% 07-29.04.22 | 100 000.00 | 106 191.20 | 0.08 |
| EUR	QUEBEC, PROVINCE OF-REG-S 2.25000% 13-17.07.23 | 100 000.00 | 106 695.40 | 0.08 |
| Total EUR |  | 1 789 874.51 | 1.30 |
| Total Bonds, fixed rate |  | 1 789 874.51 | 1.30 |
| Bonds, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 19-25.02.22 | 50 000.00 | 50 330.55 | 0.04 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 16-15.08.26 | 100 000.00 | 104 193.66 | 0.08 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 17-07.10.22 | 50 000.00 | 50 606.67 | 0.04 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 18-14.04.23 | 100 000.00 | 101 682.40 | 0.07 |
| EUR	NRW BANK 0.00000% 17-01.02.22 | 50 000.00 | 50 279.50 | 0.04 |
| EUR	TORONTO DOMINION BANK-REG-S 0.00000% 19-09.02.24 | 100 000.00 | 101 387.00 | 0.07 |
| Total EUR |  | 458 479.78 | 0.34 |
| Total Bonds, zero coupon |  | 458 479.78 | 0.34 |
| Bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	UBS GROUP AG-REG-S 1.250%/VAR 18-17.04.25 | 200 000.00 | 207 564.00 | 0.15 |
| Total EUR |  | 207 564.00 | 0.15 |
| Total Bonds, floating rate |  | 207 564.00 | 0.15 |

UBS (Lux) Strategy Fund – Growth (EUR) Annual report and audited financial statements as of 31 January 2021
| Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 440 000.00 | 512 597.49 | 0.37 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 550 000.00 | 498 248.64 | 0.36 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.11.27 | 550 000.00 | 498 407.80 | 0.36 |
| USD	AMERICA, UNITED STATES OF 2.87500% 18-31.05.25 | 28 000.00 | 25 560.74 | 0.02 |
| USD	AMERICA, UNITED STATES OF 2.75000% 14-15.02.24 | 58 000.00 | 51 457.23 | 0.04 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 78 000.00 | 64 533.87 | 0.05 |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 61 000.00 | 51 272.93 | 0.04 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 30 000.00 | 25 495.92 | 0.02 |
| USD	AMERICA, UNITED STATES OF 2.12500% 15-15.05.25 | 350 000.00 | 310 045.13 | 0.22 |
| USD	AMERICA, UNITED STATES OF 1.75000% 19-15.11.29 | 240 000.00 | 210 758.09 | 0.15 |
| USD	AMERICA, UNITED STATES OF 0.25000% 20-31.07.25 | 47 000.00 | 38 488.35 | 0.03 |
| Total USD |  | 2 286 866.19 | 1.66 |
| Total Treasury notes, fixed rate |  | 2 286 866.19 | 1.66 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 6 354 625.47 | 4.62 |

Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market
Registered shares
| Portugal |  |
| --- | --- |
| EUR | BANCO ESPIRITO SAN NPV | 3 081.00 | 0.03 | 0.00 |
| Total Portugal | 0.03 | 0.00 |
| Total Registered shares | 0.03 | 0.00 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market | 0.03 | 0.00 |
| 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	ISHARES MSCI USA ESG SCREENED UCITS ETF UNHEGDED USD-CAP	548 571.00 | 3 288 987.70 | 2.39 |
| USD	ISHRS III PLC-MSCI WORLD SML CAP UCITS ETF-UNHDG USD-ACC	537 000.00 | 2 914 625.07 | 2.12 |
| EUR	ISHS IV PUB LTD COMP - ISHS MSCI EMU ESG ETF-EUR-CAP	2 583 652.00 | 14 884 419.17 | 10.82 |
| USD	UBS (IRL) INVESTOR SELECTION PLC - GLOB EMER MKT OPP-I-B USD	8 620.00 | 2 372 979.78 | 1.72 |
| Total Ireland | 23 461 011.72 | 17.05 |
| Luxembourg |  |  |
| EUR	UBS (LUX) BOND SICAV - EUR CORP SUSTAINABLE (EUR) U-X-ACC	526.00 | 6 694 980.60 | 4.87 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC	1.00 | 17 489.34 | 0.01 |
| USD	UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS	42 474.00 | 3 908 628.86 | 2.84 |
| USD	UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC	940.00 | 9 518 822.96 | 6.92 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND-GLOBAL BONDS (USD)-U-X ACC	557.00 | 6 676 948.67 | 4.85 |
| EUR	UBS (LUX) EQUITY FUND - EURO COUNTRIES OPPORT U-X-ACC	667.00 | 16 875 753.66 | 12.27 |
| USD	UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC	1 033.00 | 11 479 496.28 | 8.35 |
| USD	UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC	312.00 | 10 430 540.85 | 7.58 |
| USD	UBS (LUX) EQUITY SICAV-GLOBAL QUANTITATIVE (USD) U-X-ACC	815.50 | 11 589 309.53 | 8.43 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL OPPORTUNITY (USD) U-X-ACC	1 195.00 | 10 913 057.91 | 7.93 |
| USD	UBS (LUX) INST FUND-KEY SEL. GLOBAL EQUITY FA-USD	455.00 | 11 354 521.44 | 8.25 |
| USD	UBS (LUX) INSTITUTION SICAV-EQUITIES GLB (EX USA) PASSIVE XA	46 005.00 | 4 263 480.90 | 3.10 |
| Total Luxembourg | 103 723 031.00 | 75.40 |
| Total Investment funds, open end | 127 184 042.72 | 92.45 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 127 184 042.72 | 92.45 |
| Derivative instruments listed on an official stock exchange |  |  |
| Options on indices, classic-styled |  |  |
| EUR |  |  |
| EUR	EURO STOXX 50 INDEX PUT 3100.00000 19.03.21	-78.00 | -29 952.00 | -0.02 |
| EUR	EURO STOXX 50 INDEX CALL 4000.00000 19.03.21	-78.00 | -390.00 | 0.00 |
| EUR	EURO STOXX 50 INDEX CALL 3650.00000 19.03.21	78.00 | 30 732.00 | 0.02 |
| Total EUR | 390.00 | 0.00 |
| Total Options on indices, classic-styled | 390.00 | 0.00 |
| Total Derivative instruments listed on an official stock exchange | 390.00 | 0.00 |
| Total investments in securities | 133 539 058.22 | 97.07 |

UBS (Lux) Strategy Fund – Growth (EUR)
Annual report and audited financial statements as of 31 January 2021
| Description | Quantity/ Nominal | Valuation in EUR Unrealized gain (loss) on Futures/ Forward Exchange Contracts/ Swaps (Note 1) | as a % of net assets |
| --- | --- | --- | --- |
| Derivative instruments |  |  |  |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Financial Futures on bonds |  |  |  |
|  |  |  |  |
| EUR	EURO-BOBL FUTURE 08.03.21 | -10.00 | -1 700.00 | 0.00 |
| USD	US LONG BOND FUTURE 22.03.21 | 18.00 | -85 655.20 | -0.06 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.21 | -35.00 | 225.09 | 0.00 |
| Total Financial Futures on bonds |  | -87 130.11 | -0.06 |
| Financial Futures on Indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.03.21 | -34.00 | 27 490.00 | 0.02 |
| CHF	SWISS MARKET INDEX FUTURE 19.03.21 | 10.00 | 18 875.34 | 0.01 |
| GBP	FTSE 100 INDEX FUTURE 19.03.21 | 80.00 | -147 566.16 | -0.11 |
| SEK	OMX 30 INDEX FUTURE 19.02.21 | -32.00 | 4 218.05 | 0.00 |
| USD	S&P500 EMINI FUTURE 19.03.21 | -49.00 | 6 237.14 | 0.01 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 19.03.21 | 37.00 | -16 947.90 | -0.01 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 11.03.21 | 11.00 | 97 253.05 | 0.07 |
| AUD	SPI 200 INDEX FUTURES 18.03.21 | 14.00 | -11 272.87 | -0.01 |
| CAD	S&P/TSX 60 INDEX FUTURE 18.03.21 | 7.00 | -4 201.10 | 0.00 |
| HKD	HANG SENG INDEX FUTURE 25.02.21 | -5.00 | 40 392.13 | 0.03 |
| Total Financial Futures on Indices |  | 14 477.68 | 0.01 |
| Total Derivative instruments listed on an official stock exchange |  | -72 652.43 | -0.05 |
| Total Derivative instruments |  | -72 652.43 | -0.05 |
| Forward Foreign Exchange contracts |  |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| EUR | 75 844.08 | USD | 90 000.00 | 4.2.2021 | 1 769.40 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| GBP | 20 000.00 | EUR | 22 259.12 | 4.2.2021 | 345.51 | 0.00 |
| EUR | 406 192.06 | DKK | 3 025 000.00 | 4.2.2021 | -519.64 | 0.00 |
| EUR | 26 892 663.69 | USD | 31 979 515.91 | 4.2.2021 | 571 857.82 | 0.41 |
| ILS | 5 000.00 | EUR | 1 253.81 | 4.2.2021 | 2.71 | 0.00 |
| EUR | 1 215 463.48 | HKD | 11 205 500.00 | 4.2.2021 | 26 031.15 | 0.02 |
| EUR | 858 788.65 | CHF | 927 535.54 | 4.2.2021 | 547.24 | 0.00 |
| SGD | 840 000.00 | EUR | 525 734.06 | 4.2.2021 | -4 781.68 | 0.00 |
| EUR | 400 531.53 | CAD | 622 829.73 | 4.2.2021 | -756.42 | 0.00 |
| EUR | 1 009 578.08 | AUD | 1 638 880.40 | 4.2.2021 | -25 373.30 | -0.02 |
| EUR | 125 293.30 | NOK | 1 346 391.64 | 4.2.2021 | -4 270.38 | 0.00 |
| EUR | 303 256.33 | SEK | 3 101 436.50 | 4.2.2021 | -3 174.29 | 0.00 |
| EUR | 11 593.87 | NZD | 20 000.00 | 4.2.2021 | -269.60 | 0.00 |
| GBP | 3 028 460.52 | EUR | 3 369 534.96 | 4.2.2021 | 53 326.59 | 0.04 |
| JPY | 151 027 223.00 | EUR | 1 218 939.58 | 4.2.2021 | -31 616.16 | -0.02 |
| GBP | 70 000.00 | EUR | 78 093.27 | 4.2.2021 | 1 022.94 | 0.00 |
| JPY | 8 000 000.00 | EUR | 64 440.57 | 4.2.2021 | -1 547.36 | 0.00 |
| AUD | 50 000.00 | EUR | 30 875.65 | 4.2.2021 | 699.30 | 0.00 |
| USD | 30 000.00 | EUR | 25 237.57 | 4.2.2021 | -546.01 | 0.00 |
| GBP | 10 000.00 | EUR | 11 213.78 | 4.2.2021 | 88.54 | 0.00 |
| EUR | 10 816.51 | HKD | 100 000.00 | 4.2.2021 | 201.79 | 0.00 |
| EUR | 9 843.84 | SEK | 100 000.00 | 4.2.2021 | -36.44 | 0.00 |
| GBP | 40 000.00 | EUR | 44 907.44 | 4.2.2021 | 301.82 | 0.00 |
| JPY | 2 500 000.00 | EUR | 20 107.23 | 4.2.2021 | -453.10 | 0.00 |
| USD | 100 000.00 | EUR | 83 571.72 | 4.2.2021 | -1 266.52 | 0.00 |
| JPY | 6 000 000.00 | EUR | 48 072.53 | 4.2.2021 | -902.62 | 0.00 |
| CHF | 25 000.00 | EUR | 23 105.77 | 4.2.2021 | 26.54 | 0.00 |
| USD | 50 000.00 | EUR | 41 662.81 | 4.2.2021 | -510.21 | 0.00 |
| EUR | 13 964.69 | GBP | 12 500.00 | 4.2.2021 | -163.20 | 0.00 |
| USD | 120 000.00 | EUR | 99 450.04 | 4.2.2021 | -683.79 | 0.00 |
| CAD | 40 000.00 | EUR | 25 679.38 | 4.2.2021 | 92.54 | 0.00 |
| AUD | 55 000.00 | EUR | 33 652.98 | 4.2.2021 | 1 079.47 | 0.00 |
| GBP | 100 000.00 | EUR | 109 395.90 | 4.2.2021 | 3 627.25 | 0.00 |
| USD | 150 000.00 | EUR | 123 500.19 | 4.2.2021 | -42.38 | 0.00 |
| JPY | 1 500 000.00 | EUR | 11 857.95 | 4.2.2021 | -65.47 | 0.00 |
| HKD | 50 000.00 | EUR | 5 317.80 | 4.2.2021 | -10.44 | 0.00 |
| USD | 200 000.00 | EUR | 164 880.33 | 4.2.2021 | -269.92 | 0.00 |
| GBP | 10 000.00 | EUR | 10 955.85 | 4.2.2021 | 346.47 | 0.00 |
| CAD | 420 000.00 | JPY | 34 218 072.00 | 4.2.2021 | 1 594.67 | 0.00 |
| NOK | 4 340 000.00 | USD | 491 652.11 | 4.2.2021 | 12 985.22 | 0.01 |
| AUD | 660 000.00 | JPY | 51 749 502.00 | 4.2.2021 | 9 953.25 | 0.01 |
| EUR | 61 168.89 | CAD | 95 000.00 | 4.2.2021 | -39.42 | 0.00 |
| EUR | 58 948.84 | AUD | 95 000.00 | 4.2.2021 | -1 043.57 | 0.00 |
| SEK | 1 100 000.00 | EUR | 107 693.56 | 4.2.2021 | 989.52 | 0.00 |
| HKD | 1 000 000.00 | EUR | 106 119.61 | 4.2.2021 | 27.58 | 0.00 |
| JPY | 8 500 000.00 | EUR | 67 271.58 | 4.2.2021 | -447.54 | 0.00 |
| EUR | 1 514 869.27 | GBP | 1 380 000.00 | 4.2.2021 | -44 850.24 | -0.03 |
| EUR | 1 320 434.38 | USD | 1 605 000.00 | 4.2.2021 | -564.15 | 0.00 |
| USD | 110 000.00 | EUR | 90 374.76 | 4.2.2021 | 160.96 | 0.00 |
| USD | 960 000.00 | EUR | 787 413.85 | 4.2.2021 | 2 716.11 | 0.00 |
| USD | 140 000.00 | EUR | 114 247.29 | 4.2.2021 | 980.00 | 0.00 |
| EUR | 83 142.36 | JPY | 10 500 000.00 | 4.2.2021 | 595.02 | 0.00 |
| EUR | 83 194.31 | GBP | 75 000.00 | 4.2.2021 | -1 573.05 | 0.00 |
| USD | 1 230 000.00 | EUR | 1 003 099.58 | 4.2.2021 | 9 254.43 | 0.01 |
| EUR | 10 511.51 | HKD | 100 000.00 | 4.2.2021 | -103.21 | 0.00 |
| GBP | 50 000.00 | EUR | 55 080.03 | 4.2.2021 | 1 431.55 | 0.00 |
| EUR | 40 772.13 | USD | 50 000.00 | 4.2.2021 | -380.47 | 0.00 |
| USD | 65 000.00 | EUR | 53 088.09 | 4.2.2021 | 410.29 | 0.00 |
| EUR | 54 747.66 | GBP | 50 000.00 | 4.2.2021 | -1 763.92 | 0.00 |
| USD | 50 000.00 | EUR | 41 010.36 | 4.2.2021 | 142.24 | 0.00 |

UBS (Lux) Strategy Fund – Growth (EUR) Annual report and audited financial statements as of 31 January 2021
| Description	Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |

Forward Foreign Exchange contracts (Continued)
Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date
| GBP | 22 000.00 | EUR | 24 281.92 | 4.2.2021 | 583.17 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| AUD | 14 000.00 | EUR | 8 687.43 | 4.2.2021 | 153.56 | 0.00 |
| USD | 100 000.00 | EUR | 81 850.68 | 4.2.2021 | 454.52 | 0.00 |
| EUR | 10 504.69 | HKD | 100 000.00 | 4.2.2021 | -110.03 | 0.00 |
| EUR | 10 495.95 | HKD | 100 000.00 | 19.3.2021 | -109.62 | 0.00 |
| EUR | 24 880 314.66 | USD | 30 762 486.31 | 19.3.2021 | -415 310.67 | -0.30 |
| EUR | 406 609.19 | DKK | 3 025 000.00 | 19.3.2021 | -42.79 | 0.00 |
| EUR | 1 081 451.32 | HKD | 10 365 500.00 | 19.3.2021 | -17 869.37 | -0.01 |
| EUR | 207 146.98 | CAD | 323 977.26 | 19.3.2021 | -1 417.66 | 0.00 |
| SGD | 461 000.00 | EUR | 283 300.05 | 19.3.2021 | 2 334.03 | 0.00 |
| EUR | 696 386.10 | CHF | 752 678.47 | 19.3.2021 | -265.46 | 0.00 |
| GBP | 2 224 228.54 | EUR | 2 458 558.69 | 19.3.2021 | 53 560.91 | 0.04 |
| EUR | 314 896.94 | AUD | 498 007.31 | 19.3.2021 | 620.45 | 0.00 |
| EUR | 8 868.17 | NZD | 15 000.00 | 19.3.2021 | -21.21 | 0.00 |
| ILS | 5 000.00 | EUR | 1 271.19 | 19.3.2021 | -14.71 | 0.00 |
| JPY | 79 947 953.00 | EUR | 629 411.33 | 19.3.2021 | -1 198.53 | 0.00 |
| NOK | 2 992 780.06 | EUR | 287 994.77 | 19.3.2021 | -296.13 | 0.00 |
| EUR | 207 258.14 | SEK | 2 086 810.05 | 19.3.2021 | 1 173.20 | 0.00 |
| EUR | 126 047.74 | USD | 155 000.00 | 19.3.2021 | -1 406.91 | 0.00 |
| EUR | 126 167.06 | USD | 155 000.00 | 4.2.2021 | -1 406.01 | 0.00 |
| EUR | 9 902.95 | SEK | 100 000.00 | 4.2.2021 | 22.67 | 0.00 |
| EUR | 9 897.77 | SEK | 100 000.00 | 19.3.2021 | 22.17 | 0.00 |
| EUR | 10 614.11 | HKD | 100 000.00 | 19.3.2021 | 8.54 | 0.00 |
| EUR | 19 734.91 | SEK | 200 000.00 | 19.3.2021 | -16.28 | 0.00 |
| EUR | 19 745.02 | SEK | 200 000.00 | 4.2.2021 | -15.54 | 0.00 |
| EUR | 10 622.90 | HKD | 100 000.00 | 4.2.2021 | 8.18 | 0.00 |
| EUR | 67 398.27 | GBP | 60 000.00 | 4.2.2021 | -415.62 | 0.00 |
| EUR | 67 350.17 | GBP | 60 000.00 | 19.3.2021 | -415.88 | 0.00 |
| EUR | 46 471.83 | CHF | 50 000.00 | 19.3.2021 | 193.67 | 0.00 |
| EUR | 46 458.58 | CHF | 50 000.00 | 4.2.2021 | 193.97 | 0.00 |
| HKD | 1 250 000.00 | EUR | 133 320.53 | 4.2.2021 | -636.54 | 0.00 |
| EUR | 183 163.00 | JPY | 23 000 000.00 | 4.2.2021 | 2 345.01 | 0.00 |
| EUR | 183 071.65 | JPY | 23 000 000.00 | 19.3.2021 | 2 342.89 | 0.00 |
| EUR | 731 029.35 | USD | 885 000.00 | 19.3.2021 | 3 304.41 | 0.00 |
| HKD | 1 250 000.00 | EUR | 133 207.29 | 19.3.2021 | -637.62 | 0.00 |
| EUR | 731 713.31 | USD | 885 000.00 | 4.2.2021 | 3 312.25 | 0.00 |
| EUR | 81 048.91 | CAD | 125 000.00 | 19.3.2021 | 578.51 | 0.00 |
| EUR | 81 114.93 | CAD | 125 000.00 | 4.2.2021 | 577.68 | 0.00 |
| EUR | 44 410.31 | SEK | 450 000.00 | 4.2.2021 | -50.95 | 0.00 |
| EUR | 44 386.94 | SEK | 450 000.00 | 19.3.2021 | -53.25 | 0.00 |
| EUR | 35 056.30 | AUD | 55 000.00 | 19.3.2021 | 347.56 | 0.00 |
| EUR | 33 606.90 | DKK | 250 000.00 | 4.2.2021 | -5.64 | 0.00 |
| EUR | 35 080.22 | AUD | 55 000.00 | 4.2.2021 | 347.77 | 0.00 |
| EUR | 33 603.47 | DKK | 250 000.00 | 19.3.2021 | -4.13 | 0.00 |
| EUR | 38 660.92 | NOK | 400 000.00 | 4.2.2021 | 168.80 | 0.00 |
| EUR | 38 612.13 | NOK | 400 000.00 | 19.3.2021 | 159.77 | 0.00 |
| IDR | 15 506 390 000.00 | USD | 1 095 238.73 | 26.3.2021 | 4 481.97 | 0.00 |
| INR | 78 780 000.00 | USD | 1 068 406.21 | 26.3.2021 | 3 937.58 | 0.00 |
| RUB | 48 280 000.00 | USD | 650 205.04 | 26.3.2021 | -11 616.16 | -0.01 |
| USD | 1 110 911.06 | TWD | 30 850 000.00 | 26.3.2021 | 2 047.45 | 0.00 |
| EUR | 15 992.59 | HKD | 150 000.00 | 4.2.2021 | 70.51 | 0.00 |
| EUR | 15 978.96 | HKD | 150 000.00 | 19.3.2021 | 70.60 | 0.00 |
| Total Forward Foreign Exchange contracts | 204 668.51 | 0.15 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 3 707 714.99 | 2.70 |
| Other assets and liabilities | 192 932.75 | 0.13 |
| Total net assets | 137 571 722.04 | 100.00 |

UBS (Lux) Strategy Fund – Growth (EUR)
Annual report and audited financial statements as of 31 January 2021

Translation (ENFR, 2021-01-31):
# UBS (Lux) Strategy Fund – Growth (EUR)
| Comparaison sur trois ans |  |
| --- | --- |
|  | ISIN | 31.1.2021 | 31.1.2020 | 31.1.2019 |
| Actif net en EUR |  | 137 571 722.04 | 148 164 060.87 | 153 568 124.70 |
| Catégorie N-acc | LU0167296127 |  |  |  |
| Parts en circulation |  | 459 520.4860 | 651 119.6810 | 795 233.9220 |
| Valeur nette d’inventaire par part en EUR |  | 20.08 | 19.21 | 17.76 |
| Prix d’émission et de rachat par part en EUR 1 |  | 20.08 | 19.21 | 17.76 |
| Catégorie P-acc | LU0033036590 |  |  |  |
| Parts en circulation |  | 31 327.9430 | 35 090.5500 | 39 680.0930 |
| Valeur nette d’inventaire par part en EUR |  | 3 726.90 | 3 558.08 | 3 285.24 |
| Prix d’émission et de rachat par part en EUR 1 |  | 3 726.90 | 3 558.08 | 3 285.24 |
| Catégorie Q-acc | LU0941351503 |  |  |  |
| Parts en circulation |  | 79 736.4920 | 78 458.9480 | 71 970.4610 |
| Valeur nette d’inventaire par part en EUR |  | 145.32 | 137.71 | 126.20 |
| Prix d’émission et de rachat par part en EUR 1 |  | 145.32 | 137.71 | 126.20 |
| 1  Voir note 1 |  |  |  |  |
| Performance |  |  |  |  |
|  | Devise | 2020/2021 | 2019/2020 | 2018/2019 |
| Catégorie N-acc | EUR | 4.5% | 8.2% | -7.5% |
| Catégorie P-acc | EUR | 4.7% | 8.3% | -7.3% |
| Catégorie Q-acc | EUR | 5.5% | 9.1% | -6.6% |
| La performance historique n’est pas un indicateur de la performance actuelle ou future. |  |  |  |  |

Les données de performance ne tiennent pas compte des commissions et des frais prélevés lors de l’émission et du rachat des parts. Les données de performance ne sont pas auditées.
Le compartiment n’a pas d’indice de référence.

## Rapport du Gestionnaire de portefeuille
Au premier trimestre, le Covid-19 a fait plonger l’écono- mie mondiale dans la plus forte récession des dernières décennies. Les plans d’aide successifs des gouvernements ont stabilisé l’activité économique et ont contribué à une solide reprise sur l’ensemble des marchés financiers in- ternationaux.
Plusieurs annonces d’avancées dans le secteur pharma- ceutique ont encore amélioré l’opinion des investisseurs vers la fin de l’année, même si le scepticisme vis-à-vis de la mise en œuvre des programmes de vaccination a quelque peu réduit l’espoir de voir une normalisation ra- pide de la situation en 2021.
Le positionnement axé sur la croissance, allié à une ap- proche disciplinée, a finalement porté ses fruits, dans un contexte de marchés généralement solides suite à la vague vendeur du premier trimestre.
Au cours de l’exercice allant du 1
er 
février 2020 au 31 janvier 2021, le compartiment a affiché une perfor- mance positive.

## Structure du portefeuille-titres
Répartition selon les devises en % de l’actif net	
USD	66.16
Total	97.07
EUR	30.91
Répartition selon les instruments de placement en % de l’actif net	
Fonds d’investissement, ouvert	92.45
Bons du Trésor à moyen terme, taux fixe	1.66
Obligations, taux fixe	1.30
Medium-Term Notes, taux fixe	0.99
Obligations, coupon zéro	0.34
Obligations, taux variable	0.15
Medium-Term Notes, coupon zéro	0.11
Billets, taux fixe	0.07
Total	97.07
UBS (Lux) Strategy Fund – Growth (EUR) Rapport annuel et états financiers révisés au 31 janvier 2021

## Etat des actifs nets
Actif	31.1.2021
EUR
Portefeuille-titres, cours d’achat	108 209 551.75
| Portefeuille-titres, plus-/(moins)-value non réalisée | 	25 329 506.47	 |
| --- | --- |
| Total du Portefeuille-titres (note 1) | 133 539 058.22 |
| Avoirs en banque, dépôts à vue et à terme | 1 895 360.21 |
| Autres liquidités (marges) | 1 812 354.78 |
| Créances sur souscriptions | 308 541.47 |
| Intérêts à recevoir sur titres | 46 153.23 |
| Intérêts à recevoir sur liquidités | 157.34 |
| Autres créances | 42 660.93 |
| Bénéfice non réalisé(e) sur contrats de change à terme (note 1) | 204 668.51 |
| Total de l’Actif | 137 848 954.69 |
|  |  |
| Passif |  |
| Perte non réalisée sur contrats financiers à terme (note 1) | -72 652.43 |
| Intérêts à payer sur crédit en compte courant | -5.71 |
| Engagements sur rachats | -91 924.40 |
| Autres engagements | -710.63 |
| Provisions pour commission de gestion forfaitaire (note 2) | -93 853.90 |
| Provisions pour taxe d’abonnement (note 3) | -1 363.35 |
| Provisions pour autres commissions et frais (note 2) | 	-16 722.23	 |
| Total des Provisions pour frais | -111 939.48 |
| Total du Passif | -277 232.65 |
|  |  |
| Actif net à la fin de l’exercice | 137 571 722.04 |
| Etat des opérations | EUR |
| Revenus | 1.2.2020-31.1.2021 |
| Revenus d’intérêts sur liquidités | 3 377.07 |
| Intérêts sur titres | 104 568.93 |
| Dividendes | 355 209.75 |
| Revenus d’intérêts sur swaps (note 1) | 6 937.06 |
| Revenus sur prêts de titres (note 15) | 4 050.57 |
| Autres revenus (note 4) | 28 831.82 |
| Total des Revenus | 502 975.20 |
|  |  |
| Charges |  |
| Charges d’intérêts sur swaps (note 1) | -2 577.46 |
| Commission de gestion forfaitaire (note 2) | -2 285 712.83 |
| Taxe d’abonnement (note 3) | -10 434.60 |
| Frais sur prêts de titres (note 15) | -1 620.23 |
| Autres commissions et frais (note 2) | -19 290.35 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -12 162.22 |
| Total des Charges | -2 331 797.69 |
|  |  |
| Revenus/pertes net(te)s de placements | -1 828 822.49 |
|  |  |
| Bénéfices/(pertes) réalisé(e)s (note 1) |  |
| Bénéfice/(perte) réalisé(e) sur titres évalués à la valeur de marché hors options | 13 075 184.14 |
| Bénéfice/perte réalisé(e) sur options | 681 108.06 |
| Bénéfice/(perte) réalisé(e) sur instruments du marché monétaire et titres évalués en fonction des rendements | -1 943.49 |
| Bénéfice/perte réalisé(e) sur contrats financiers à terme | -1 819 534.12 |
| Bénéfice/(perte) réalisé(e) sur contrats de change à terme | 3 550 789.51 |
| Bénéfice/(perte) réalisé(e) sur swaps | 29 208.10 |
| Bénéfice/(perte) de change réalisé(e) | -689 257.42 |
| Total des Bénéfices/(pertes) réalisé(e)s | 14 825 554.78 |
|  |  |
| Bénéfice/(perte) net(te) réalisé(e) au cours de l’exercice | 12 996 732.29 |
|  |  |
| Fluctuations de la plus-/(moins)-value non réalisée (note 1) |  |
| Plus-/(moins)-value non réalisée sur titres évalués à la valeur de marché hors options | -8 568 851.81 |
| Plus-/(moins)-value non réalisée sur options | -11 405.00 |
| Plus-/(moins)-value non réalisée sur instruments du marché monétaire et titres évalués en fonction des rendements | -996.19 |
| Plus-/(moins)-value non réalisée sur contrats financiers à terme | 241 146.39 |
| Plus-/(moins)-value non réalisée sur contrats de change à terme | 405 113.61 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | -7 934 993.00 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 5 061 739.29 |

UBS (Lux) Strategy Fund – Growth (EUR)
Rapport annuel et états financiers révisés au 31 janvier 2021
| Fluctuations de l’actif net |  |
| --- | --- |
|  | EUR |
|  | 1.2.2020-31.1.2021 |
| Actif net au début de l’exercice | 148 164 060.87 |
| Souscriptions | 11 185 974.82 |
| Rachats | 	-26 840 052.94	 |
| Total des Entrées/(sorties) de capitaux | -15 654 078.12 |
| Revenus/pertes net(te)s de placements | -1 828 822.49 |
| Total des Bénéfices/(pertes) réalisé(e)s | 14 825 554.78 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 	-7 934 993.00	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 5 061 739.29 |
| Actif net à la fin de l’exercice | 137 571 722.04 |
| Evolution des parts en circulation |  |
|  | 1.2.2020-31.1.2021 |
| Catégorie | N-acc |
| Nombre de parts en circulation au début de l’exercice | 651 119.6810 |
| Nombre de parts émises | 54 540.9840 |
| Nombre de parts rachetées | -246 140.1790 |
| Nombre de parts en circulation à la fin de l’exercice | 459 520.4860 |
| Catégorie | P-acc |
| Nombre de parts en circulation au début de l’exercice | 35 090.5500 |
| Nombre de parts émises | 2 130.2950 |
| Nombre de parts rachetées | -5 892.9020 |
| Nombre de parts en circulation à la fin de l’exercice | 31 327.9430 |
| Catégorie | Q-acc |
| Nombre de parts en circulation au début de l’exercice | 78 458.9480 |
| Nombre de parts émises | 22 933.1640 |
| Nombre de parts rachetées | -21 655.6200 |
| Nombre de parts en circulation à la fin de l’exercice | 79 736.4920 |

UBS (Lux) Strategy Fund – Growth (EUR) Rapport annuel et états financiers révisés au 31 janvier 2021

## Etat du portefeuille-titres et autres actifs nets au 31 janvier 2021
| Dénomination | Nombre/ | Evaluation en EUR | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
| Titres et instruments du marché monétaire négociés sur une bourse officielle |  |  |  |
| Billets, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	CHINA, PEOPLE’S REPUBLIC OF-REG-S 0.12500% 19-12.11.26 | 100 000.00 | 101 050.00 | 0.07 |
| Total EUR |  | 101 050.00 | 0.07 |
| Total des Billets, taux fixe |  | 101 050.00 | 0.07 |
| Medium-Term Notes, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	BNG BANK NV-REG-S 1.12500% 14-04.09.24 | 100 000.00 | 106 007.00 | 0.08 |
| EUR	COMMONWEALTH BANK OF AUSTRALIA 3.00000% 12-03.05.22 | 100 000.00 | 104 384.00 | 0.08 |
| EUR	COMPAGNIE DE FINANCEMENT FONCIER-REG-S 0.20000% 17-16.09.22 | 100 000.00 | 101 186.00 | 0.07 |
| EUR	DEXIA CREDIT LOCAL DE FRANCE-REG-S 0.20000% 16-16.03.21 | 100 000.00 | 100 081.20 | 0.07 |
| EUR	DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 162 000.00 | 163 375.05 | 0.12 |
| EUR	EUROPEAN FINANCIAL STABILITY FAC-REG-S 0.20000% 18-17.01.24 | 100 000.00 | 102 458.80 | 0.08 |
| EUR	EUROPEAN UNION 3.50000% 11-04.06.21 | 60 000.00 | 60 828.00 | 0.04 |
| EUR	EXPORT-IMPORT BANK OF KOREA-REG-S 0.37500% 19-26.03.24 | 100 000.00 | 101 625.00 | 0.07 |
| EUR	INSTITUTO DE CREDITO OFICIAL-REG-S 0.50000% 16-26.10.23 | 40 000.00 | 40 984.80 | 0.03 |
| EUR	KREDITANSTALT FUER WIEDERAUFBAU 4.62500% 07-04.01.23 | 50 000.00 | 55 138.50 | 0.04 |
| EUR	LANDESBANK HESSEN-THUERINGEN GZ-REG-S 0.37500% 20-12.05.25 | 100 000.00 | 102 376.60 | 0.08 |
| EUR	NATIONWIDE BUILDING SOCIETY 4.37500% 07-28.02.22 | 150 000.00 | 157 863.00 | 0.12 |
| EUR	NESTLE HOLDINGS INC-REG-S 0.87500% 17-18.07.25 | 55 000.00 | 57 521.10 | 0.04 |
| EUR	SUMITOMO MITSUI BANKING CORP-REG-S 0.26700% 19-18.06.26 | 100 000.00 | 102 396.00 | 0.07 |
| Total EUR |  | 1 356 225.05 | 0.99 |
| Total des Medium-Term Notes, taux fixe |  | 1 356 225.05 | 0.99 |
| Medium-Term Notes, coupon zéro |  |  |  |
| EUR |  |  |  |
| EUR	DEUTSCHE BAHN FINANCE BV-REG-S 0.00000% 16-19.07.21 | 100 000.00 | 100 134.80 | 0.07 |
| EUR	NESTLE FINANCE INTERNATIONAL-REG-S 0.00000% 20-12.11.24 | 54 000.00 | 54 431.14 | 0.04 |
| Total EUR |  | 154 565.94 | 0.11 |
| Total des Medium-Term Notes, coupon zéro |  | 154 565.94 | 0.11 |
| Obligations, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	AUSTRIA, REPUBLIC OF-REG-S 1.75000% 13-20.10.23 | 100 000.00 | 106 652.00 | 0.08 |
| EUR	BELGIUM, KINGDOM OF 4.25000% 11-28.09.21 | 50 000.00 | 51 593.00 | 0.04 |
| EUR	BELGIUM, KINGDOM OF-144A-REG-S 0.50000% 17-22.10.24 | 150 000.00 | 156 619.26 | 0.11 |
| EUR	BNP PARIBAS HOME LOAN COVERED BONDS SFH 3.87500% 11-12.07.21 | 100 000.00 | 101 948.00 | 0.07 |
| EUR	CAISSE D’AMOR DE LA DETTE SOCIALE-REG-S 2.37500% 13-25.01.24 | 50 000.00 | 54 369.90 | 0.04 |
| EUR	FRANCE, REPUBLIC OF OAT 2.25000% 12-25.10.22 | 140 000.00 | 147 140.28 | 0.11 |
| EUR	FRANCE, REPUBLIC OF-OAT 1.75000% 14-25.11.24 | 150 000.00 | 163 966.20 | 0.12 |
| EUR	FRANCE, REPUBLIC OF-OAT 0.50000% 15-25.05.25 | 100 000.00 | 104 991.80 | 0.07 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 1.00000% 15-25.11.25 | 150 000.00 | 161 926.50 | 0.12 |
| EUR	GERMANY, REPUBLIC OF 1.50000% 13-15.05.23 | 100 000.00 | 105 214.00 | 0.08 |
| EUR	GERMANY, REPUBLIC OF 2.00000% 13-15.08.23 | 100 000.00 | 107 100.97 | 0.08 |
| EUR	GERMANY, REPUBLIC OF 1.50000% 12-04.09.22 | 100 000.00 | 103 580.00 | 0.07 |
| EUR	KREDITANSTALT FUER WIEDERAUFBAU 0.12500% 17-15.01.24 | 100 000.00 | 102 336.80 | 0.07 |
| EUR	NETHERLANDS, KINGDOM OF THE 2.00000% 14-15.07.24 | 100 000.00 | 109 549.20 | 0.08 |
| EUR	NORDRHEIN-WESTFALEN, STATE OF 4.37500% 07-29.04.22 | 100 000.00 | 106 191.20 | 0.08 |
| EUR	QUEBEC, PROVINCE OF-REG-S 2.25000% 13-17.07.23 | 100 000.00 | 106 695.40 | 0.08 |
| Total EUR |  | 1 789 874.51 | 1.30 |
| Total des Obligations, taux fixe |  | 1 789 874.51 | 1.30 |
| Obligations, coupon zéro |  |  |  |
| EUR |  |  |  |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 19-25.02.22 | 50 000.00 | 50 330.55 | 0.04 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 16-15.08.26 | 100 000.00 | 104 193.66 | 0.08 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 17-07.10.22 | 50 000.00 | 50 606.67 | 0.04 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 18-14.04.23 | 100 000.00 | 101 682.40 | 0.07 |
| EUR	NRW BANK 0.00000% 17-01.02.22 | 50 000.00 | 50 279.50 | 0.04 |
| EUR	TORONTO DOMINION BANK-REG-S 0.00000% 19-09.02.24 | 100 000.00 | 101 387.00 | 0.07 |
| Total EUR |  | 458 479.78 | 0.34 |
| Total des Obligations, coupon zéro |  | 458 479.78 | 0.34 |
| Obligations, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	UBS GROUP AG-REG-S 1.250%/VAR 18-17.04.25 | 200 000.00 | 207 564.00 | 0.15 |
| Total EUR |  | 207 564.00 | 0.15 |
| Total des Obligations, taux variable |  | 207 564.00 | 0.15 |

UBS (Lux) Strategy Fund – Growth (EUR)
Rapport annuel et états financiers révisés au 31 janvier 2021
| Dénomination | Nombre/ | Evaluation en EUR | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |

Bons du Trésor à moyen terme, taux fixe
| USD |  |
| --- | --- |
| USD | AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 440 000.00 | 512 597.49 | 0.37 |
| USD | AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 550 000.00 | 498 248.64 | 0.36 |
| USD | AMERICA, UNITED STATES OF 2.25000% 17-15.11.27 | 550 000.00 | 498 407.80 | 0.36 |
| USD | AMERICA, UNITED STATES OF 2.87500% 18-31.05.25 | 28 000.00 | 25 560.74 | 0.02 |
| USD | AMERICA, UNITED STATES OF 2.75000% 14-15.02.24 | 58 000.00 | 51 457.23 | 0.04 |
| USD | AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 78 000.00 | 64 533.87 | 0.05 |
| USD | AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 61 000.00 | 51 272.93 | 0.04 |
| USD | AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 30 000.00 | 25 495.92 | 0.02 |
| USD | AMERICA, UNITED STATES OF 2.12500% 15-15.05.25 | 350 000.00 | 310 045.13 | 0.22 |
| USD | AMERICA, UNITED STATES OF 1.75000% 19-15.11.29 | 240 000.00 | 210 758.09 | 0.15 |
| USD | AMERICA, UNITED STATES OF 0.25000% 20-31.07.25 | 47 000.00 | 38 488.35 | 0.03 |
| Total USD |  |  | 2 286 866.19 | 1.66 |
| Total des Bons du Trésor à moyen terme, taux fixe | 2 286 866.19 | 1.66 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle | 6 354 625.47 | 4.62 |

Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé
Actions nominatives
| Portugal |  |
| --- | --- |
| EUR | BANCO ESPIRITO SAN NPV | 3 081.00 | 0.03 | 0.00 |
| Total Portugal | 0.03 | 0.00 |
| Total des Actions nominatives | 0.03 | 0.00 |
| Total des Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé | 0.03 | 0.00 |
| OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que | modifiée |  |
| Fonds d’investissement, ouvert |  |  |
| Irlande |  |  |
| USD	ISHARES MSCI USA ESG SCREENED UCITS ETF UNHEGDED USD-CAP	548 571.00 | 3 288 987.70 | 2.39 |
| USD	ISHRS III PLC-MSCI WORLD SML CAP UCITS ETF-UNHDG USD-ACC	537 000.00 | 2 914 625.07 | 2.12 |
| EUR	ISHS IV PUB LTD COMP - ISHS MSCI EMU ESG ETF-EUR-CAP	2 583 652.00 | 14 884 419.17 | 10.82 |
| USD	UBS (IRL) INVESTOR SELECTION PLC - GLOB EMER MKT OPP-I-B USD	8 620.00 | 2 372 979.78 | 1.72 |
| Total Irlande | 23 461 011.72 | 17.05 |
| Luxembourg |  |  |
| EUR	UBS (LUX) BOND SICAV - EUR CORP SUSTAINABLE (EUR) U-X-ACC	526.00 | 6 694 980.60 | 4.87 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC	1.00 | 17 489.34 | 0.01 |
| USD	UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS	42 474.00 | 3 908 628.86 | 2.84 |
| USD	UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC	940.00 | 9 518 822.96 | 6.92 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND-GLOBAL BONDS (USD)-U-X ACC	557.00 | 6 676 948.67 | 4.85 |
| EUR	UBS (LUX) EQUITY FUND - EURO COUNTRIES OPPORT U-X-ACC	667.00 | 16 875 753.66 | 12.27 |
| USD	UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC	1 033.00 | 11 479 496.28 | 8.35 |
| USD	UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC	312.00 | 10 430 540.85 | 7.58 |
| USD	UBS (LUX) EQUITY SICAV-GLOBAL QUANTITATIVE (USD) U-X-ACC	815.50 | 11 589 309.53 | 8.43 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL OPPORTUNITY (USD) U-X-ACC	1 195.00 | 10 913 057.91 | 7.93 |
| USD	UBS (LUX) INST FUND-KEY SEL. GLOBAL EQUITY FA-USD	455.00 | 11 354 521.44 | 8.25 |
| USD	UBS (LUX) INSTITUTION SICAV-EQUITIES GLB (EX USA) PASSIVE XA	46 005.00 | 4 263 480.90 | 3.10 |
| Total Luxembourg | 103 723 031.00 | 75.40 |
| Total des Fonds d’investissement, ouvert | 127 184 042.72 | 92.45 |
| Total des OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée | 127 184 042.72 | 92.45 |
| Instruments dérivés négociés sur une bourse officielle |  |  |
| Options sur indices boursiers, classic-styled |  |  |
| EUR |  |  |
| EUR	EURO STOXX 50 INDEX PUT 3100.00000 19.03.21	-78.00 | -29 952.00 | -0.02 |
| EUR	EURO STOXX 50 INDEX CALL 4000.00000 19.03.21	-78.00 | -390.00 | 0.00 |
| EUR	EURO STOXX 50 INDEX CALL 3650.00000 19.03.21	78.00 | 30 732.00 | 0.02 |
| Total EUR | 390.00 | 0.00 |
| Total des Options sur indices boursiers, classic-styled | 390.00 | 0.00 |
| Total des Instruments dérivés négociés sur une bourse officielle | 390.00 | 0.00 |
| Total du Portefeuille-titres | 133 539 058.22 | 97.07 |

UBS (Lux) Strategy Fund – Growth (EUR) Rapport annuel et états financiers révisés au 31 janvier 2021
| Dénomination | Nombre/ Nominal | Evaluation en EUR Bénéfice/(perte) non réalisé(e) sur futures/ contrats de change à terme/ swaps (note 1) | en % de l’actif net |
| --- | --- | --- | --- |
| Instruments dérivés |  |  |  |
| Instruments dérivés négociés sur une bourse officielle |  |  |  |
| Contrats financiers à terme sur obligations |  |  |  |
|  |  |  |  |
| EUR	EURO-BOBL FUTURE 08.03.21 | -10.00 | -1 700.00 | 0.00 |
| USD	US LONG BOND FUTURE 22.03.21 | 18.00 | -85 655.20 | -0.06 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.21 | -35.00 | 225.09 | 0.00 |
| Total des Contrats financiers à terme sur obligations |  | -87 130.11 | -0.06 |
| Contrats financiers à terme sur indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.03.21 | -34.00 | 27 490.00 | 0.02 |
| CHF	SWISS MARKET INDEX FUTURE 19.03.21 | 10.00 | 18 875.34 | 0.01 |
| GBP	FTSE 100 INDEX FUTURE 19.03.21 | 80.00 | -147 566.16 | -0.11 |
| SEK	OMX 30 INDEX FUTURE 19.02.21 | -32.00 | 4 218.05 | 0.00 |
| USD	S&P500 EMINI FUTURE 19.03.21 | -49.00 | 6 237.14 | 0.01 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 19.03.21 | 37.00 | -16 947.90 | -0.01 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 11.03.21 | 11.00 | 97 253.05 | 0.07 |
| AUD	SPI 200 INDEX FUTURES 18.03.21 | 14.00 | -11 272.87 | -0.01 |
| CAD	S&P/TSX 60 INDEX FUTURE 18.03.21 | 7.00 | -4 201.10 | 0.00 |
| HKD	HANG SENG INDEX FUTURE 25.02.21 | -5.00 | 40 392.13 | 0.03 |
| Total des Contrats financiers à terme sur indices |  | 14 477.68 | 0.01 |
| Total des Instruments dérivés négociés sur une bourse officielle |  | -72 652.43 | -0.05 |
| Total des Instruments dérivés |  | -72 652.43 | -0.05 |
| Contrats de change à terme |  |  |  |
| Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |  |

| EUR | 75 844.08 | USD | 90 000.00 | 4.2.2021 | 1 769.40 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| GBP | 20 000.00 | EUR | 22 259.12 | 4.2.2021 | 345.51 | 0.00 |
| EUR | 406 192.06 | DKK | 3 025 000.00 | 4.2.2021 | -519.64 | 0.00 |
| EUR | 26 892 663.69 | USD | 31 979 515.91 | 4.2.2021 | 571 857.82 | 0.41 |
| ILS | 5 000.00 | EUR | 1 253.81 | 4.2.2021 | 2.71 | 0.00 |
| EUR | 1 215 463.48 | HKD | 11 205 500.00 | 4.2.2021 | 26 031.15 | 0.02 |
| EUR | 858 788.65 | CHF | 927 535.54 | 4.2.2021 | 547.24 | 0.00 |
| SGD | 840 000.00 | EUR | 525 734.06 | 4.2.2021 | -4 781.68 | 0.00 |
| EUR | 400 531.53 | CAD | 622 829.73 | 4.2.2021 | -756.42 | 0.00 |
| EUR | 1 009 578.08 | AUD | 1 638 880.40 | 4.2.2021 | -25 373.30 | -0.02 |
| EUR | 125 293.30 | NOK | 1 346 391.64 | 4.2.2021 | -4 270.38 | 0.00 |
| EUR | 303 256.33 | SEK | 3 101 436.50 | 4.2.2021 | -3 174.29 | 0.00 |
| EUR | 11 593.87 | NZD | 20 000.00 | 4.2.2021 | -269.60 | 0.00 |
| GBP | 3 028 460.52 | EUR | 3 369 534.96 | 4.2.2021 | 53 326.59 | 0.04 |
| JPY | 151 027 223.00 | EUR | 1 218 939.58 | 4.2.2021 | -31 616.16 | -0.02 |
| GBP | 70 000.00 | EUR | 78 093.27 | 4.2.2021 | 1 022.94 | 0.00 |
| JPY | 8 000 000.00 | EUR | 64 440.57 | 4.2.2021 | -1 547.36 | 0.00 |
| AUD | 50 000.00 | EUR | 30 875.65 | 4.2.2021 | 699.30 | 0.00 |
| USD | 30 000.00 | EUR | 25 237.57 | 4.2.2021 | -546.01 | 0.00 |
| GBP | 10 000.00 | EUR | 11 213.78 | 4.2.2021 | 88.54 | 0.00 |
| EUR | 10 816.51 | HKD | 100 000.00 | 4.2.2021 | 201.79 | 0.00 |
| EUR | 9 843.84 | SEK | 100 000.00 | 4.2.2021 | -36.44 | 0.00 |
| GBP | 40 000.00 | EUR | 44 907.44 | 4.2.2021 | 301.82 | 0.00 |
| JPY | 2 500 000.00 | EUR | 20 107.23 | 4.2.2021 | -453.10 | 0.00 |
| USD | 100 000.00 | EUR | 83 571.72 | 4.2.2021 | -1 266.52 | 0.00 |
| JPY | 6 000 000.00 | EUR | 48 072.53 | 4.2.2021 | -902.62 | 0.00 |
| CHF | 25 000.00 | EUR | 23 105.77 | 4.2.2021 | 26.54 | 0.00 |
| USD | 50 000.00 | EUR | 41 662.81 | 4.2.2021 | -510.21 | 0.00 |
| EUR | 13 964.69 | GBP | 12 500.00 | 4.2.2021 | -163.20 | 0.00 |
| USD | 120 000.00 | EUR | 99 450.04 | 4.2.2021 | -683.79 | 0.00 |
| CAD | 40 000.00 | EUR | 25 679.38 | 4.2.2021 | 92.54 | 0.00 |
| AUD | 55 000.00 | EUR | 33 652.98 | 4.2.2021 | 1 079.47 | 0.00 |
| GBP | 100 000.00 | EUR | 109 395.90 | 4.2.2021 | 3 627.25 | 0.00 |
| USD | 150 000.00 | EUR | 123 500.19 | 4.2.2021 | -42.38 | 0.00 |
| JPY | 1 500 000.00 | EUR | 11 857.95 | 4.2.2021 | -65.47 | 0.00 |
| HKD | 50 000.00 | EUR | 5 317.80 | 4.2.2021 | -10.44 | 0.00 |
| USD | 200 000.00 | EUR | 164 880.33 | 4.2.2021 | -269.92 | 0.00 |
| GBP | 10 000.00 | EUR | 10 955.85 | 4.2.2021 | 346.47 | 0.00 |
| CAD | 420 000.00 | JPY | 34 218 072.00 | 4.2.2021 | 1 594.67 | 0.00 |
| NOK | 4 340 000.00 | USD | 491 652.11 | 4.2.2021 | 12 985.22 | 0.01 |
| AUD | 660 000.00 | JPY | 51 749 502.00 | 4.2.2021 | 9 953.25 | 0.01 |
| EUR | 61 168.89 | CAD | 95 000.00 | 4.2.2021 | -39.42 | 0.00 |
| EUR | 58 948.84 | AUD | 95 000.00 | 4.2.2021 | -1 043.57 | 0.00 |
| SEK | 1 100 000.00 | EUR | 107 693.56 | 4.2.2021 | 989.52 | 0.00 |
| HKD | 1 000 000.00 | EUR | 106 119.61 | 4.2.2021 | 27.58 | 0.00 |
| JPY | 8 500 000.00 | EUR | 67 271.58 | 4.2.2021 | -447.54 | 0.00 |
| EUR | 1 514 869.27 | GBP | 1 380 000.00 | 4.2.2021 | -44 850.24 | -0.03 |
| EUR | 1 320 434.38 | USD | 1 605 000.00 | 4.2.2021 | -564.15 | 0.00 |
| USD | 110 000.00 | EUR | 90 374.76 | 4.2.2021 | 160.96 | 0.00 |
| USD | 960 000.00 | EUR | 787 413.85 | 4.2.2021 | 2 716.11 | 0.00 |
| USD | 140 000.00 | EUR | 114 247.29 | 4.2.2021 | 980.00 | 0.00 |
| EUR | 83 142.36 | JPY | 10 500 000.00 | 4.2.2021 | 595.02 | 0.00 |
| EUR | 83 194.31 | GBP | 75 000.00 | 4.2.2021 | -1 573.05 | 0.00 |
| USD | 1 230 000.00 | EUR | 1 003 099.58 | 4.2.2021 | 9 254.43 | 0.01 |
| EUR | 10 511.51 | HKD | 100 000.00 | 4.2.2021 | -103.21 | 0.00 |
| GBP | 50 000.00 | EUR | 55 080.03 | 4.2.2021 | 1 431.55 | 0.00 |
| EUR | 40 772.13 | USD | 50 000.00 | 4.2.2021 | -380.47 | 0.00 |
| USD | 65 000.00 | EUR | 53 088.09 | 4.2.2021 | 410.29 | 0.00 |
| EUR | 54 747.66 | GBP | 50 000.00 | 4.2.2021 | -1 763.92 | 0.00 |
| USD | 50 000.00 | EUR | 41 010.36 | 4.2.2021 | 142.24 | 0.00 |

UBS (Lux) Strategy Fund – Growth (EUR)
Rapport annuel et états financiers révisés au 31 janvier 2021
| Dénomination	Nombre/ | Evaluation en EUR | en % |
| --- | --- | --- |
| Nominal | Bénéfice/(perte) non | de |
|  | réalisé(e) sur futures/ | l’actif |
|  | contrats de | net |
|  | change à terme/ |  |
|  | swaps (note 1) |  |

Contrats de change à terme (suite)
Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité
| GBP | 22 000.00 | EUR | 24 281.92 | 4.2.2021 | 583.17 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| AUD | 14 000.00 | EUR | 8 687.43 | 4.2.2021 | 153.56 | 0.00 |
| USD | 100 000.00 | EUR | 81 850.68 | 4.2.2021 | 454.52 | 0.00 |
| EUR | 10 504.69 | HKD | 100 000.00 | 4.2.2021 | -110.03 | 0.00 |
| EUR | 10 495.95 | HKD | 100 000.00 | 19.3.2021 | -109.62 | 0.00 |
| EUR | 24 880 314.66 | USD | 30 762 486.31 | 19.3.2021 | -415 310.67 | -0.30 |
| EUR | 406 609.19 | DKK | 3 025 000.00 | 19.3.2021 | -42.79 | 0.00 |
| EUR | 1 081 451.32 | HKD | 10 365 500.00 | 19.3.2021 | -17 869.37 | -0.01 |
| EUR | 207 146.98 | CAD | 323 977.26 | 19.3.2021 | -1 417.66 | 0.00 |
| SGD | 461 000.00 | EUR | 283 300.05 | 19.3.2021 | 2 334.03 | 0.00 |
| EUR | 696 386.10 | CHF | 752 678.47 | 19.3.2021 | -265.46 | 0.00 |
| GBP | 2 224 228.54 | EUR | 2 458 558.69 | 19.3.2021 | 53 560.91 | 0.04 |
| EUR | 314 896.94 | AUD | 498 007.31 | 19.3.2021 | 620.45 | 0.00 |
| EUR | 8 868.17 | NZD | 15 000.00 | 19.3.2021 | -21.21 | 0.00 |
| ILS | 5 000.00 | EUR | 1 271.19 | 19.3.2021 | -14.71 | 0.00 |
| JPY | 79 947 953.00 | EUR | 629 411.33 | 19.3.2021 | -1 198.53 | 0.00 |
| NOK | 2 992 780.06 | EUR | 287 994.77 | 19.3.2021 | -296.13 | 0.00 |
| EUR | 207 258.14 | SEK | 2 086 810.05 | 19.3.2021 | 1 173.20 | 0.00 |
| EUR | 126 047.74 | USD | 155 000.00 | 19.3.2021 | -1 406.91 | 0.00 |
| EUR | 126 167.06 | USD | 155 000.00 | 4.2.2021 | -1 406.01 | 0.00 |
| EUR | 9 902.95 | SEK | 100 000.00 | 4.2.2021 | 22.67 | 0.00 |
| EUR | 9 897.77 | SEK | 100 000.00 | 19.3.2021 | 22.17 | 0.00 |
| EUR | 10 614.11 | HKD | 100 000.00 | 19.3.2021 | 8.54 | 0.00 |
| EUR | 19 734.91 | SEK | 200 000.00 | 19.3.2021 | -16.28 | 0.00 |
| EUR | 19 745.02 | SEK | 200 000.00 | 4.2.2021 | -15.54 | 0.00 |
| EUR | 10 622.90 | HKD | 100 000.00 | 4.2.2021 | 8.18 | 0.00 |
| EUR | 67 398.27 | GBP | 60 000.00 | 4.2.2021 | -415.62 | 0.00 |
| EUR | 67 350.17 | GBP | 60 000.00 | 19.3.2021 | -415.88 | 0.00 |
| EUR | 46 471.83 | CHF | 50 000.00 | 19.3.2021 | 193.67 | 0.00 |
| EUR | 46 458.58 | CHF | 50 000.00 | 4.2.2021 | 193.97 | 0.00 |
| HKD | 1 250 000.00 | EUR | 133 320.53 | 4.2.2021 | -636.54 | 0.00 |
| EUR | 183 163.00 | JPY | 23 000 000.00 | 4.2.2021 | 2 345.01 | 0.00 |
| EUR | 183 071.65 | JPY | 23 000 000.00 | 19.3.2021 | 2 342.89 | 0.00 |
| EUR | 731 029.35 | USD | 885 000.00 | 19.3.2021 | 3 304.41 | 0.00 |
| HKD | 1 250 000.00 | EUR | 133 207.29 | 19.3.2021 | -637.62 | 0.00 |
| EUR | 731 713.31 | USD | 885 000.00 | 4.2.2021 | 3 312.25 | 0.00 |
| EUR | 81 048.91 | CAD | 125 000.00 | 19.3.2021 | 578.51 | 0.00 |
| EUR | 81 114.93 | CAD | 125 000.00 | 4.2.2021 | 577.68 | 0.00 |
| EUR | 44 410.31 | SEK | 450 000.00 | 4.2.2021 | -50.95 | 0.00 |
| EUR | 44 386.94 | SEK | 450 000.00 | 19.3.2021 | -53.25 | 0.00 |
| EUR | 35 056.30 | AUD | 55 000.00 | 19.3.2021 | 347.56 | 0.00 |
| EUR | 33 606.90 | DKK | 250 000.00 | 4.2.2021 | -5.64 | 0.00 |
| EUR | 35 080.22 | AUD | 55 000.00 | 4.2.2021 | 347.77 | 0.00 |
| EUR | 33 603.47 | DKK | 250 000.00 | 19.3.2021 | -4.13 | 0.00 |
| EUR | 38 660.92 | NOK | 400 000.00 | 4.2.2021 | 168.80 | 0.00 |
| EUR | 38 612.13 | NOK | 400 000.00 | 19.3.2021 | 159.77 | 0.00 |
| IDR | 15 506 390 000.00 | USD | 1 095 238.73 | 26.3.2021 | 4 481.97 | 0.00 |
| INR | 78 780 000.00 | USD | 1 068 406.21 | 26.3.2021 | 3 937.58 | 0.00 |
| RUB | 48 280 000.00 | USD | 650 205.04 | 26.3.2021 | -11 616.16 | -0.01 |
| USD | 1 110 911.06 | TWD | 30 850 000.00 | 26.3.2021 | 2 047.45 | 0.00 |
| EUR | 15 992.59 | HKD | 150 000.00 | 4.2.2021 | 70.51 | 0.00 |
| EUR | 15 978.96 | HKD | 150 000.00 | 19.3.2021 | 70.60 | 0.00 |
| Total des Contrats de change à terme | 204 668.51 | 0.15 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 3 707 714.99 | 2.70 |
| Autres actifs et passifs | 192 932.75 | 0.13 |
| Total de l’Actif net | 137 571 722.04 | 100.00 |

UBS (Lux) Strategy Fund – Growth (EUR) Rapport annuel et états financiers révisés au 31 janvier 2021