# Annual report and audited financial statements as of 31 January 2021
| Table of contents | Page |  | ISIN |
| --- | --- | --- | --- |
| Management and Administration | 3 |  |  |
| Features of the Fund | 5 |  |  |
| Independent auditor’s report | 11 |  |  |
| UBS (Lux) Strategy Fund | 13 |  |  |
| UBS (Lux) Strategy Fund – Fixed Income (CHF) UBS (Lux) Strategy Fund – Yield (CHF) | 15 22 | P-acc P-dist Q-acc Q-dist K-1-acc | LU0039343222 LU0039343149 LU1240799699 LU1240799772 LU0939686621 |
| UBS (Lux) Strategy Fund – Balanced (CHF) | 31 | P-acc P-dist Q-acc Q-dist P-acc | LU0033035865 LU0033035352 LU0941351768 LU1240800372 LU0049785289 |
| UBS (Lux) Strategy Fund – Growth (CHF) | 41 | P-C-dist P-dist Q-acc Q-C-dist Q-dist P-acc | LU0108564260 LU0049785107 LU0941351099 LU1240797214 LU1240797305 LU0033034892 |
| UBS (Lux) Strategy Fund – Equity (CHF) | 49 | Q-acc P-acc | LU0941351412 LU0071007289 |
| UBS (Lux) Strategy Fund – Fixed Income (EUR) | 55 | Q-acc N-acc | LU1240799343 LU0167295236 |
| UBS (Lux) Strategy Fund – Yield (EUR) | 61 | P-acc P-dist Q-acc Q-dist K-1-acc | LU0039703029 LU0039343651 LU1240799855 LU1240799939 LU0939687355 |
| UBS (Lux) Strategy Fund – Balanced (EUR) | 69 | N-acc P-acc P-dist Q-acc Q-dist I-A2-acc | LU0167295319 LU0033040782 LU0033040600 LU0941351842 LU1240800455 LU1100168837 |
| UBS (Lux) Strategy Fund – Growth (EUR) | 79 | K-1-acc N-acc (CAD hedged) P-4%-mdist (GBP hedged) P-4%-mdist (HKD hedged) P-4%-mdist (SGD hedged) P-4%-mdist (USD hedged) P-4%-mdist P-acc P-C-dist P-dist P-mdist (USD hedged) P-mdist Q-acc Q-C-dist Q-dist N-acc | LU0886758357 LU0167295749 LU1195739633 LU1195739716 LU1240811817 LU1227825145 LU1107510445 LU0049785446 LU0108564344 LU0049785362 LU1008478924 LU1008479062 LU0941351172 LU1240797990 LU1240798022 LU0167296127 |
| UBS (Lux) Strategy Fund – Equity (EUR) | 86 | P-acc Q-acc I-A3-acc | LU0033036590 LU0941351503 LU2191001754 |
|  |  | N-acc P-acc Q-acc | LU0167296390 LU0073129206 LU0941351339 |

| UBS (Lux) Strategy Fund – Fixed Income (USD) UBS (Lux) Strategy Fund – Yield (USD) | 91 97 | I-A3-acc P-acc P-dist P-mdist Q-acc Q-dist K-1-acc | LU1421906303 LU0039703532 LU0039703375 LU1415540852 LU1240800026 LU1240800299 LU0939686977 |
| --- | --- | --- | --- |
| UBS (Lux) Strategy Fund – Balanced (USD) | 106 | (JPY hedged) K-1-acc P-4%-mdist (EUR hedged) P-4%-mdist P-acc (GBP hedged) P-acc (JPY hedged) P-acc P-dist Q-4%-mdist Q-acc Q-dist I-A3-acc | LU1610875996 LU1417001382 LU1751696797 LU0033043885 LU1634239799 LU1410364910 LU0033041590 LU1891428622 LU0941351925 LU1240800539 LU1421906139 |
| UBS (Lux) Strategy Fund – Growth (USD) | 135 | K-1-acc (JPY hedged) K-1-acc P-4%-mdist (HKD) P-4%-mdist (AUD hedged) P-4%-mdist (CAD hedged) P-4%-mdist (GBP hedged) P-4%-mdist (RMB hedged) P-4%-mdist P-acc P-C-dist P-dist P-mdist (SGD hedged) P-mdist Q-4%-mdist (AUD hedged) Q-4%-mdist (HKD) Q-4%-mdist Q-acc Q-dist Q-mdist (SGD hedged) Q-mdist F-acc | LU1202318041 LU1722559819 LU1107502343 LU1121136813 LU1121136656 LU1191161477 LU1195739559 LU1121136730 LU0049785792 LU0108564427 LU0049785529 LU1008478767 LU1008478841 LU1240798964 LU1240798378 LU1240798618 LU0941351255 LU1240799186 LU1240799269 LU1240798881 LU1317082466 |
| UBS (Lux) Strategy Fund – Equity (USD) | 141 | I-A3-acc P-acc (JPY hedged) P-acc Q-acc P-acc | LU1921469760 LU0033040865 LU1410364837 LU0941351685 LU0073129545 |
|  |  | Q-acc | LU1240799426 |
| Notes to the Financial Statements | 147 |  |  |
| Unaudited Information | 160 |  |  |
| 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 (ENFR, 2021-01-31):
# Rapport annuel et états financiers révisés au 31 janvier 2021
| Sommaire | Page |  | ISIN |
| --- | --- | --- | --- |
| Gestion et administration | 3 |  |  |
| Caractéristiques du Fonds | 5 |  |  |
| Rapport du Réviseur d’entreprises agréé | 12 |  |  |
| UBS (Lux) Strategy Fund | 14 |  |  |
| UBS (Lux) Strategy Fund – Fixed Income (CHF) UBS (Lux) Strategy Fund – Yield (CHF) | 16 23 | P-acc P-dist Q-acc Q-dist K-1-acc | LU0039343222 LU0039343149 LU1240799699 LU1240799772 LU0939686621 |
| UBS (Lux) Strategy Fund – Balanced (CHF) | 32 | P-acc P-dist Q-acc Q-dist P-acc | LU0033035865 LU0033035352 LU0941351768 LU1240800372 LU0049785289 |
| UBS (Lux) Strategy Fund – Growth (CHF) | 42 | P-C-dist P-dist Q-acc Q-C-dist Q-dist P-acc | LU0108564260 LU0049785107 LU0941351099 LU1240797214 LU1240797305 LU0033034892 |
| UBS (Lux) Strategy Fund – Equity (CHF) | 50 | Q-acc P-acc | LU0941351412 LU0071007289 |
| UBS (Lux) Strategy Fund – Fixed Income (EUR) | 56 | Q-acc N-acc | LU1240799343 LU0167295236 |
| UBS (Lux) Strategy Fund – Yield (EUR) | 62 | P-acc P-dist Q-acc Q-dist K-1-acc | LU0039703029 LU0039343651 LU1240799855 LU1240799939 LU0939687355 |
| UBS (Lux) Strategy Fund – Balanced (EUR) | 70 | N-acc P-acc P-dist Q-acc Q-dist I-A2-acc | LU0167295319 LU0033040782 LU0033040600 LU0941351842 LU1240800455 LU1100168837 |
| UBS (Lux) Strategy Fund – Growth (EUR) | 80 | K-1-acc N-acc (CAD hedged) P-4%-mdist (GBP hedged) P-4%-mdist (HKD hedged) P-4%-mdist (SGD hedged) P-4%-mdist (USD hedged) P-4%-mdist P-acc P-C-dist P-dist P-mdist (USD hedged) P-mdist Q-acc Q-C-dist Q-dist N-acc | LU0886758357 LU0167295749 LU1195739633 LU1195739716 LU1240811817 LU1227825145 LU1107510445 LU0049785446 LU0108564344 LU0049785362 LU1008478924 LU1008479062 LU0941351172 LU1240797990 LU1240798022 LU0167296127 |
| UBS (Lux) Strategy Fund – Equity (EUR) | 87 | P-acc Q-acc I-A3-acc | LU0033036590 LU0941351503 LU2191001754 |
|  |  | N-acc P-acc Q-acc | LU0167296390 LU0073129206 LU0941351339 |

| UBS (Lux) Strategy Fund – Fixed Income (USD) UBS (Lux) Strategy Fund – Yield (USD) | 92 98 | I-A3-acc P-acc P-dist P-mdist Q-acc Q-dist K-1-acc | LU1421906303 LU0039703532 LU0039703375 LU1415540852 LU1240800026 LU1240800299 LU0939686977 |
| --- | --- | --- | --- |
| UBS (Lux) Strategy Fund – Balanced (USD) | 107 | (JPY hedged) K-1-acc P-4%-mdist (EUR hedged) P-4%-mdist P-acc (GBP hedged) P-acc (JPY hedged) P-acc P-dist Q-4%-mdist Q-acc Q-dist I-A3-acc | LU1610875996 LU1417001382 LU1751696797 LU0033043885 LU1634239799 LU1410364910 LU0033041590 LU1891428622 LU0941351925 LU1240800539 LU1421906139 |
| UBS (Lux) Strategy Fund – Growth (USD) | 136 | K-1-acc (JPY hedged) K-1-acc P-4%-mdist (HKD) P-4%-mdist (AUD hedged) P-4%-mdist (CAD hedged) P-4%-mdist (GBP hedged) P-4%-mdist (RMB hedged) P-4%-mdist P-acc P-C-dist P-dist P-mdist (SGD hedged) P-mdist Q-4%-mdist (AUD hedged) Q-4%-mdist (HKD) Q-4%-mdist Q-acc Q-dist Q-mdist (SGD hedged) Q-mdist F-acc | LU1202318041 LU1722559819 LU1107502343 LU1121136813 LU1121136656 LU1191161477 LU1195739559 LU1121136730 LU0049785792 LU0108564427 LU0049785529 LU1008478767 LU1008478841 LU1240798964 LU1240798378 LU1240798618 LU0941351255 LU1240799186 LU1240799269 LU1240798881 LU1317082466 |
| UBS (Lux) Strategy Fund – Equity (USD) | 142 | I-A3-acc P-acc (JPY hedged) P-acc Q-acc P-acc | LU1921469760 LU0033040865 LU1410364837 LU0941351685 LU0073129545 |
|  |  | Q-acc | LU1240799426 |
| Notes aux états financiers (annexe) | 148 |  |  |
| Informations non auditées | 162 |  |  |
| Restrictions de vente |  |  |  |

Les parts de ce Fonds ne peuvent être offertes, vendues ou livrées sur le territoire des Etats-Unis d’Amérique.

## Adresse Internet
www.ubs.com/funds