# UBS (Lux) Strategy Fund – Equity (USD)
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 31.1.2021 |  | 31.1.2020 | 31.1.2019 |
| Net assets in USD |  | 50 348 617.64 |  | 52 981 333.53 | 53 607 560.26 |
| Class P-acc | LU0073129545 |  |  |  |  |
| Units outstanding |  | 33 663.9710 |  | 37 579.0030 | 42 579.7980 |
| Net asset value per unit in USD |  | 1 401.77 |  | 1 249.38 | 1 113.65 |
| Issue and redemption price per unit in USD 1 |  | 1 401.77 |  | 1 249.38 | 1 113.65 |
| Class Q-acc | LU1240799426 |  |  |  |  |
| Units outstanding |  | 19 585.4470 |  | 42 266.6900 | 49 032.9750 |
| Net asset value per unit in USD |  | 161.32 |  | 142.69 | 126.21 |
| Issue and redemption price per unit in USD 1 |  | 161.32 |  | 142.69 | 126.21 |
| 1  See note 1 |  |  |  |  |  |
| Performance |  |  |  |  |  |
|  |  | Currency | 2020/2021 | 2019/2020 | 2018/2019 |
| Class P-acc |  | USD | 12.2% | 12.2% | -6.8% |
| Class Q-acc |  | USD | 13.1% | 13.1% | -6.1% |

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 risk-seeking positioning coupled with the discipli- ned 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	
Total	96.96
USD	96.96
Classification by Instrument as a % of net assets	
Investment funds, open end	96.96
Total	96.96
UBS (Lux) Strategy Fund – Equity (USD)
Annual report and audited financial statements as of 31 January 2021

## Statement of Net Assets
Assets	31.1.2021
USD
Investments in securities, cost	39 212 326.52
| Investments in securities, unrealized appreciation (depreciation) | 	9 606 749.03	 |
| --- | --- |
| Total investments in securities (Note 1) | 48 819 075.55 |
| Cash at banks, deposits on demand and deposit accounts | 491 347.82 |
| Other liquid assets (Margins) | 1 102 073.02 |
| Receivable on subscriptions | 2 517.90 |
| Interest receivable on liquid assets | 68.61 |
| Other receivables | 61 365.81 |
| Unrealized gain on forward foreign exchange contracts (Note 1) | 4 553.18 |
| Total Assets | 50 481 001.89 |
|  |  |
| Liabilities |  |
| Unrealized loss on financial futures (Note 1) | -81 829.35 |
| Bank overdraft | -5 483.12 |
| Interest payable on bank overdraft | -28.52 |
| Payable on redemptions | -154.70 |
| Provisions for flat fee (Note 2) | -37 246.92 |
| Provisions for taxe d’abonnement (Note 3) | -645.92 |
| Provisions for other commissions and fees (Note 2) | 	-6 995.72	 |
| Total provisions | -44 888.56 |
| Total Liabilities | -132 384.25 |
|  |  |
| Net assets at the end of the financial year | 50 348 617.64 |
| Statement of Operations | USD |
| Income | 1.2.2020-31.1.2021 |
| Interest on liquid assets | 1 773.73 |
| Dividends | 2 674.77 |
| Other income (Note 4) | 6 563.37 |
| Total income | 11 011.87 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -855 644.62 |
| Taxe d’abonnement (Note 3) | -6 850.23 |
| Other commissions and fees (Note 2) | -11 206.81 |
| Interest on cash and bank overdraft | -3 627.81 |
| Total expenses | -877 329.47 |
|  |  |
| Net income (loss) on investments | -866 317.60 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 4 775 055.73 |
| Realized gain (loss) on options | 50 557.50 |
| Realized gain (loss) on financial futures | -631 570.36 |
| Realized gain (loss) on forward foreign exchange contracts | -556 959.50 |
| Realized gain (loss) on foreign exchange | 73 043.33 |
| Total realized gain (loss) | 3 710 126.70 |
|  |  |
| Net realized gain (loss) of the financial year | 2 843 809.10 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 2 201 041.72 |
| Unrealized appreciation (depreciation) on financial futures | 40 151.62 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -131 478.33 |
| Total changes in unrealized appreciation (depreciation) | 2 109 715.01 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 4 953 524.11 |

UBS (Lux) Strategy Fund – Equity (USD) Annual report and audited financial statements as of 31 January 2021
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.2.2020-31.1.2021 |
| Net assets at the beginning of the financial year | 52 981 333.53 |
| Subscriptions | 3 358 057.48 |
| Redemptions | 	-10 944 297.48	 |
| Total net subscriptions (redemptions) | -7 586 240.00 |
| Net income (loss) on investments | -866 317.60 |
| Total realized gain (loss) | 3 710 126.70 |
| Total changes in unrealized appreciation (depreciation) | 	2 109 715.01	 |
| Net increase (decrease) in net assets as a result of operations | 4 953 524.11 |
| Net assets at the end of the financial year | 50 348 617.64 |
| Development of the outstanding units |  |
|  | 1.2.2020-31.1.2021 |
| Class | P-acc |
| Number of units outstanding at the beginning of the financial year | 37 579.0030 |
| Number of units issued | 2 576.0640 |
| Number of units redeemed | -6 491.0960 |
| Number of units outstanding at the end of the financial year | 33 663.9710 |
| Class | Q-acc |
| Number of units outstanding at the beginning of the financial year | 42 266.6900 |
| Number of units issued | 1 263.1750 |
| Number of units redeemed | -23 944.4180 |
| Number of units outstanding at the end of the financial year | 19 585.4470 |

UBS (Lux) Strategy Fund – Equity (USD)
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 USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |

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 | 1 304 800.00 | 9 504 163.20 | 18.88 |
| USD | ISHRS III PLC-MSCI WORLD SML CAP UCITS ETF-UNHDG USD-ACC | 153 886.00 | 1 014 724.28 | 2.01 |
| USD | SOURCE MARKETS PLC - MSCI USA SOURCE ETF-A | 25 327.00 | 2 653 763.06 | 5.27 |
| USD | UBS (IRL) INVESTOR SELECTION PLC - GLOB EMER MKT OPP-I-B USD | 3 990.00 | 1 334 443.53 | 2.65 |
| Total Ireland |  | 14 507 094.07 | 28.81 |
| Luxembourg |  |  |  |
| USD	UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC | 445.00 | 6 007 904.95 | 11.93 |
| USD	UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC | 98.50 | 4 000 635.62 | 7.95 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL QUANTITATIVE (USD) U-X-ACC | 368.45 | 6 361 313.46 | 12.64 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL OPPORTUNITY (USD) U-X-ACC | 537.00 | 5 957 902.23 | 11.83 |
| USD	UBS (LUX) INSTITUTIONAL FUND - KEY SEL. GLOBAL EQUITY FA-USD | 189.75 | 5 752 745.71 | 11.43 |
| USD	UBS (LUX) INSTITUTIONAL SICAV - EQUITIES GLB (EX USA) PASSIVE XA | 55 247.00 | 6 220 259.73 | 12.35 |
| USD	UBS (LUX) MONEY MARKET FUND - USD U-X-ACC | 1.00 | 11 219.78 | 0.02 |
| Total Luxembourg |  | 34 311 981.48 | 68.15 |
| Total Investment funds, open end |  | 48 819 075.55 | 96.96 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  | 48 819 075.55 | 96.96 |
| Total investments in securities |  | 48 819 075.55 | 96.96 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange Financial Futures on Indices |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.03.21 | 38.00 | -29 358.06 | -0.06 |
| CHF	SWISS MARKET INDEX FUTURE 19.03.21 | -3.00 | -6 879.50 | -0.01 |
| GBP	FTSE 100 INDEX FUTURE 19.03.21 | 33.00 | -71 674.17 | -0.14 |
| SEK	OMX 30 INDEX FUTURE 19.02.21 | -21.00 | 3 362.92 | 0.00 |
| USD	S&P500 EMINI FUTURE 19.03.21 | -28.00 | -16 480.00 | -0.03 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 11.03.21 | 3.00 | 15 378.00 | 0.03 |
| AUD	SPI 200 INDEX FUTURES 18.03.21 | 5.00 | -4 948.76 | -0.01 |
| CAD	S&P/TSX 60 INDEX FUTURE 18.03.21 | 1.00 | -673.22 | 0.00 |
| HKD	HANG SENG INDEX FUTURE 25.02.21 | -3.00 | 29 443.44 | 0.06 |
| Total Financial Futures on Indices |  | -81 829.35 | -0.16 |
| Total Derivative instruments listed on an official stock exchange |  | -81 829.35 | -0.16 |
| Total Derivative instruments |  | -81 829.35 | -0.16 |
| Forward Foreign Exchange contracts Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| GBP | 24 000.00 | USD | 31 701.07 | 4.2.2021 | 1 256.21 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 2 908.05 | SEK | 25 000.00 | 4.2.2021 | -93.06 | 0.00 |
| GBP | 21 000.00 | USD | 27 783.95 | 4.2.2021 | 1 053.67 | 0.00 |
| GBP | 1 072 331.75 | USD | 1 419 085.23 | 4.2.2021 | 53 462.17 | 0.11 |
| USD | 522 256.79 | AUD | 712 650.68 | 4.2.2021 | -24 535.13 | -0.05 |
| USD | 15 510.47 | NZD | 22 500.00 | 4.2.2021 | -705.28 | 0.00 |
| JPY | 34 500 649.00 | USD | 331 240.79 | 4.2.2021 | -1 696.52 | 0.00 |
| USD | 10 437.68 | ILS | 35 000.00 | 4.2.2021 | -248.94 | 0.00 |
| USD | 247 827.49 | DKK | 1 551 975.31 | 4.2.2021 | -5 696.35 | -0.01 |
| USD | 657 267.38 | HKD | 5 095 000.00 | 4.2.2021 | 176.57 | 0.00 |
| USD | 651 788.75 | CHF | 592 004.73 | 4.2.2021 | -13 755.27 | -0.03 |
| SGD | 229 500.00 | USD | 170 796.16 | 4.2.2021 | 2 135.35 | 0.00 |
| USD | 380 825.56 | CAD | 498 037.58 | 4.2.2021 | -9 046.04 | -0.02 |
| USD | 206 519.05 | SEK | 1 776 765.58 | 4.2.2021 | -6 771.74 | -0.01 |
| USD | 78 334.25 | NOK | 708 523.23 | 4.2.2021 | -4 505.48 | -0.01 |
| USD | 2 613 429.63 | EUR | 2 198 061.88 | 4.2.2021 | -57 193.56 | -0.11 |
| GBP | 39 000.00 | USD | 52 233.68 | 4.2.2021 | 1 321.90 | 0.00 |
| USD | 3 225.71 | HKD | 25 000.00 | 4.2.2021 | 1.52 | 0.00 |
| CAD | 132 000.00 | JPY | 10 754 251.00 | 4.2.2021 | 608.89 | 0.00 |
| NOK | 1 359 000.00 | USD | 153 952.82 | 4.2.2021 | 4 939.91 | 0.01 |
| AUD | 207 000.00 | JPY | 16 230 526.00 | 4.2.2021 | 3 792.55 | 0.01 |
| USD | 29 746.13 | CAD | 38 000.00 | 4.2.2021 | -0.86 | 0.00 |
| CHF | 16 000.00 | USD | 18 055.82 | 4.2.2021 | -68.29 | 0.00 |
| EUR | 23 000.00 | USD | 27 961.70 | 4.2.2021 | -16.93 | 0.00 |
| HKD | 245 000.00 | USD | 31 607.48 | 4.2.2021 | -10.38 | 0.00 |
| JPY | 7 000 000.00 | USD | 67 342.27 | 4.2.2021 | -479.47 | 0.00 |
| SEK | 225 000.00 | USD | 26 789.53 | 4.2.2021 | 220.46 | 0.00 |
| GBP | 100 000.00 | USD | 133 433.20 | 4.2.2021 | 3 888.80 | 0.01 |
| USD | 642 480.86 | GBP | 481 500.00 | 4.2.2021 | -18 724.57 | -0.04 |
| USD | 49 276.64 | GBP | 37 000.00 | 4.2.2021 | -1 532.50 | 0.00 |
| EUR | 32 000.00 | USD | 38 948.93 | 4.2.2021 | -69.25 | 0.00 |
| GBP | 11 000.00 | USD | 14 784.42 | 4.2.2021 | 321.00 | 0.00 |
| USD | 904.19 | SEK | 7 500.00 | 4.2.2021 | 3.86 | 0.00 |
| USD | 39 825.89 | EUR | 32 500.00 | 4.2.2021 | 338.72 | 0.00 |

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

Forward Foreign Exchange contracts (Continued)
Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date
| USD | 46 126.85 | JPY | 4 750 000.00 | 4.2.2021 | 755.67 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 88 284.95 | EUR | 72 000.00 | 4.2.2021 | 805.67 | 0.00 |
| USD | 40 829.70 | GBP | 30 000.00 | 4.2.2021 | -366.90 | 0.00 |
| GBP | 17 000.00 | USD | 22 964.86 | 4.2.2021 | 379.88 | 0.00 |
| USD | 57 557.56 | EUR | 47 000.00 | 4.2.2021 | 453.03 | 0.00 |
| USD | 50 235.94 | GBP | 37 500.00 | 4.2.2021 | -1 259.81 | 0.00 |
| USD | 15 508.00 | AUD | 20 500.00 | 4.2.2021 | -220.93 | 0.00 |
| USD | 26 589.88 | JPY | 2 750 000.00 | 4.2.2021 | 322.35 | 0.00 |
| EUR | 20 000.00 | USD | 24 494.30 | 4.2.2021 | -194.50 | 0.00 |
| GBP | 16 000.00 | USD | 21 722.26 | 4.2.2021 | 249.26 | 0.00 |
| USD | 5 653.49 | CHF | 5 000.00 | 4.2.2021 | 32.39 | 0.00 |
| GBP | 17 000.00 | USD | 23 026.53 | 4.2.2021 | 318.21 | 0.00 |
| USD | 10 221.48 | GBP | 7 500.00 | 4.2.2021 | -77.67 | 0.00 |
| USD | 1 612.41 | HKD | 12 500.00 | 4.2.2021 | 0.31 | 0.00 |
| JPY | 3 500 000.00 | USD | 33 977.09 | 4.2.2021 | -545.69 | 0.00 |
| USD | 3 049.33 | SEK | 25 000.00 | 19.3.2021 | 46.86 | 0.00 |
| USD | 3 048.16 | SEK | 25 000.00 | 4.2.2021 | 47.05 | 0.00 |
| USD | 5 159.68 | HKD | 40 000.00 | 4.2.2021 | 0.97 | 0.00 |
| USD | 5 160.07 | HKD | 40 000.00 | 19.3.2021 | 1.02 | 0.00 |
| USD | 564 592.95 | CHF | 493 620.79 | 19.3.2021 | 8 976.16 | 0.02 |
| USD | 375 785.62 | CAD | 475 308.68 | 19.3.2021 | 3 670.00 | 0.01 |
| USD | 2 616 251.03 | EUR | 2 115 987.22 | 19.3.2021 | 42 960.13 | 0.09 |
| GBP | 786 726.64 | USD | 1 075 269.65 | 19.3.2021 | 5 319.82 | 0.01 |
| USD | 415 124.59 | AUD | 530 951.03 | 19.3.2021 | 7 644.29 | 0.01 |
| SGD | 93 500.00 | USD | 71 047.12 | 19.3.2021 | -594.57 | 0.00 |
| JPY | 10 502 432.00 | USD | 102 236.24 | 19.3.2021 | -1 875.18 | 0.00 |
| USD | 11 003.11 | ILS | 35 000.00 | 19.3.2021 | 306.91 | 0.00 |
| USD | 17 179.11 | NZD | 23 500.00 | 19.3.2021 | 242.59 | 0.00 |
| USD | 630 474.57 | HKD | 4 887 500.00 | 19.3.2021 | 102.57 | 0.00 |
| USD | 257 520.83 | DKK | 1 549 500.00 | 19.3.2021 | 4 203.47 | 0.01 |
| USD | 192 457.32 | SEK | 1 567 327.80 | 19.3.2021 | 4 222.87 | 0.01 |
| NOK | 647 118.15 | USD | 76 992.00 | 19.3.2021 | -1 339.61 | 0.00 |
| USD | 26 763.55 | JPY | 2 750 000.00 | 4.2.2021 | 496.02 | 0.00 |
| USD | 26 775.17 | JPY | 2 750 000.00 | 19.3.2021 | 496.22 | 0.00 |
| USD | 6 086.11 | SEK | 50 000.00 | 19.3.2021 | 81.16 | 0.00 |
| USD | 6 083.64 | SEK | 50 000.00 | 4.2.2021 | 81.42 | 0.00 |
| GBP | 4 000.00 | USD | 5 439.36 | 4.2.2021 | 53.52 | 0.00 |
| GBP | 4 000.00 | USD | 5 440.62 | 19.3.2021 | 53.48 | 0.00 |
| USD | 3 868.93 | HKD | 30 000.00 | 4.2.2021 | -0.10 | 0.00 |
| USD | 3 869.29 | HKD | 30 000.00 | 19.3.2021 | 0.00 | 0.00 |
| USD | 3 018.98 | SEK | 25 000.00 | 19.3.2021 | 16.51 | 0.00 |
| USD | 3 017.76 | SEK | 25 000.00 | 4.2.2021 | 16.65 | 0.00 |
| GBP | 10 000.00 | USD | 13 688.37 | 19.3.2021 | 46.89 | 0.00 |
| GBP | 10 000.00 | USD | 13 685.32 | 4.2.2021 | 46.88 | 0.00 |
| USD | 14 391.27 | SEK | 120 000.00 | 19.3.2021 | -20.61 | 0.00 |
| USD | 14 385.20 | SEK | 120 000.00 | 4.2.2021 | -20.13 | 0.00 |
| GBP | 22 000.00 | USD | 30 020.52 | 4.2.2021 | 190.32 | 0.00 |
| USD | 4 514.35 | HKD | 35 000.00 | 19.3.2021 | 0.18 | 0.00 |
| USD | 4 513.86 | HKD | 35 000.00 | 4.2.2021 | -0.01 | 0.00 |
| GBP | 22 000.00 | USD | 30 027.16 | 19.3.2021 | 190.41 | 0.00 |
| HKD | 690 000.00 | USD | 89 004.94 | 19.3.2021 | -11.25 | 0.00 |
| EUR | 69 000.00 | USD | 83 464.75 | 4.2.2021 | 369.56 | 0.00 |
| EUR | 68 000.00 | USD | 82 332.30 | 19.3.2021 | 363.75 | 0.00 |
| HKD | 690 000.00 | USD | 88 996.97 | 4.2.2021 | -9.21 | 0.00 |
| USD | 16 885.82 | CAD | 21 500.00 | 19.3.2021 | 53.63 | 0.00 |
| AUD | 22 000.00 | USD | 16 989.32 | 19.3.2021 | -105.34 | 0.00 |
| AUD | 22 000.00 | USD | 16 984.66 | 4.2.2021 | -104.83 | 0.00 |
| USD | 16 883.64 | CAD | 21 500.00 | 4.2.2021 | 53.10 | 0.00 |
| JPY | 4 000 000.00 | USD | 38 542.55 | 4.2.2021 | -335.24 | 0.00 |
| USD | 39 074.94 | DKK | 240 000.00 | 19.3.2021 | -161.05 | 0.00 |
| JPY | 4 000 000.00 | USD | 38 559.23 | 19.3.2021 | -335.30 | 0.00 |
| GBP | 23 000.00 | USD | 31 273.26 | 19.3.2021 | 317.84 | 0.00 |
| GBP | 23 000.00 | USD | 31 266.43 | 4.2.2021 | 317.63 | 0.00 |
| USD | 39 042.26 | DKK | 240 000.00 | 4.2.2021 | -163.08 | 0.00 |
| USD | 18 128.88 | NOK | 155 000.00 | 4.2.2021 | 6.46 | 0.00 |
| USD | 18 123.01 | NOK | 155 000.00 | 19.3.2021 | 2.49 | 0.00 |
| SGD | 22 000.00 | USD | 16 551.43 | 4.2.2021 | 25.88 | 0.00 |
| SGD | 21 000.00 | USD | 15 799.17 | 19.3.2021 | 24.40 | 0.00 |
| INR | 23 857 000.00 | USD | 323 546.16 | 26.3.2021 | 1 441.23 | 0.00 |
| IDR | 4 696 207 000.00 | USD | 331 699.89 | 26.3.2021 | 1 635.07 | 0.00 |
| USD | 336 514.22 | TWD | 9 345 000.00 | 26.3.2021 | 758.08 | 0.00 |
| RUB | 15 118 000.00 | USD | 203 599.83 | 26.3.2021 | -4 421.52 | -0.01 |
| USD | 10 965.93 | HKD | 85 000.00 | 4.2.2021 | 3.67 | 0.00 |
| USD | 10 966.96 | HKD | 85 000.00 | 19.3.2021 | 3.97 | 0.00 |
| EUR | 85 000.00 | USD | 102 849.08 | 4.2.2021 | 425.07 | 0.00 |
| EUR | 85 000.00 | USD | 102 946.18 | 19.3.2021 | 423.88 | 0.00 |
| USD | 6 449.93 | HKD | 50 000.00 | 19.3.2021 | 1.11 | 0.00 |
| USD | 6 449.42 | HKD | 50 000.00 | 4.2.2021 | 1.03 | 0.00 |
| USD | 7 843.08 | SEK | 65 000.00 | 4.2.2021 | 40.19 | 0.00 |
| AUD | 17 000.00 | USD | 13 165.99 | 4.2.2021 | -122.49 | 0.00 |
| USD | 7 846.58 | SEK | 65 000.00 | 19.3.2021 | 40.15 | 0.00 |
| AUD | 17 000.00 | USD | 13 169.66 | 19.3.2021 | -122.95 | 0.00 |
| JPY | 2 950 000.00 | USD | 28 472.81 | 19.3.2021 | -282.66 | 0.00 |
| USD | 20 611.85 | GBP | 15 000.00 | 19.3.2021 | 8.96 | 0.00 |
| USD | 20 607.26 | GBP | 15 000.00 | 4.2.2021 | 8.96 | 0.00 |
| JPY | 2 950 000.00 | USD | 28 460.67 | 4.2.2021 | -282.78 | 0.00 |

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

Forward Foreign Exchange contracts (Continued)
Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date
| EUR | 17 000.00 | USD | 20 695.00 | 19.3.2021 | -20.99 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 17 000.00 | USD | 20 675.77 | 4.2.2021 | -20.94 | 0.00 |
| EUR | 9 000.00 | USD | 10 900.49 | 4.2.2021 | 34.42 | 0.00 |
| EUR | 8 000.00 | USD | 9 698.35 | 19.3.2021 | 30.60 | 0.00 |
| GBP | 4 000.00 | USD | 5 480.70 | 19.3.2021 | 13.40 | 0.00 |
| GBP | 4 000.00 | USD | 5 479.49 | 4.2.2021 | 13.39 | 0.00 |
| USD | 12 956.58 | CHF | 11 500.00 | 19.3.2021 | 12.24 | 0.00 |
| USD | 12 940.69 | CHF | 11 500.00 | 4.2.2021 | 12.15 | 0.00 |
| USD | 34 299.43 | GBP | 25 000.00 | 19.3.2021 | -38.72 | 0.00 |
| USD | 34 292.33 | GBP | 25 000.00 | 4.2.2021 | -38.17 | 0.00 |
| Total Forward Foreign Exchange contracts | 4 553.18 | 0.01 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 1 593 420.84 | 3.16 |
| Bank overdraft and other short-term liabilities | -5 483.12 | -0.01 |
| Other assets and liabilities | 18 880.54 | 0.04 |
| Total net assets | 50 348 617.64 | 100.00 |

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

Translation (ENFR, 2021-01-31):
# UBS (Lux) Strategy Fund – Equity (USD)
| Comparaison sur trois ans |  |
| --- | --- |
|  | ISIN | 31.1.2021 |  | 31.1.2020 | 31.1.2019 |
| Actif net en USD |  | 50 348 617.64 |  | 52 981 333.53 | 53 607 560.26 |
| Catégorie P-acc | LU0073129545 |  |  |  |  |
| Parts en circulation |  | 33 663.9710 |  | 37 579.0030 | 42 579.7980 |
| Valeur nette d’inventaire par part en USD |  | 1 401.77 |  | 1 249.38 | 1 113.65 |
| Prix d’émission et de rachat par part en USD 1 |  | 1 401.77 |  | 1 249.38 | 1 113.65 |
| Catégorie Q-acc | LU1240799426 |  |  |  |  |
| Parts en circulation |  | 19 585.4470 |  | 42 266.6900 | 49 032.9750 |
| Valeur nette d’inventaire par part en USD |  | 161.32 |  | 142.69 | 126.21 |
| Prix d’émission et de rachat par part en USD 1 |  | 161.32 |  | 142.69 | 126.21 |
| 1  Voir note 1 |  |  |  |  |  |
| Performance |  |  |  |  |  |
|  |  | Devise | 2020/2021 | 2019/2020 | 2018/2019 |
| Catégorie P-acc |  | USD | 12.2% | 12.2% | -6.8% |
| Catégorie Q-acc |  | USD | 13.1% | 13.1% | -6.1% |

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’économie mondiale dans la plus forte récession des dernières décennies. Les plans d’aide successifs des gou- vernements ont stabilisé l’activité économique et ont contribué à une solide reprise sur l’ensemble des mar- chés financiers internationaux.
Plusieurs annonces d’avancées dans le secteur phar- maceutique ont encore amélioré l’opinion des inves- tisseurs vers la fin de l’année, même si le scepticisme vis-à-vis de la mise en œuvre des programmes de vacci- nation a quelque peu réduit l’espoir de voir une normali- sation rapide de la situation en 2021.
Le positionnement axé sur la recherche de risques, allié à une approche 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	
Total	96.96
USD	96.96
Répartition selon les instruments de placement en % de l’actif net	
Fonds d’investissement, ouvert	96.96
Total	96.96
UBS (Lux) Strategy Fund – Equity (USD) Rapport annuel et états financiers révisés au 31 janvier 2021

## Etat des actifs nets
Actif	31.1.2021
USD
Portefeuille-titres, cours d’achat	39 212 326.52
| Portefeuille-titres, plus-/(moins)-value non réalisée | 	9 606 749.03	 |
| --- | --- |
| Total du Portefeuille-titres (note 1) | 48 819 075.55 |
| Avoirs en banque, dépôts à vue et à terme | 491 347.82 |
| Autres liquidités (marges) | 1 102 073.02 |
| Créances sur souscriptions | 2 517.90 |
| Intérêts à recevoir sur liquidités | 68.61 |
| Autres créances | 61 365.81 |
| Bénéfice non réalisé(e) sur contrats de change à terme (note 1) | 4 553.18 |
| Total de l’Actif | 50 481 001.89 |
|  |  |
| Passif |  |
| Perte non réalisée sur contrats financiers à terme (note 1) | -81 829.35 |
| Crédit en compte courant | -5 483.12 |
| Intérêts à payer sur crédit en compte courant | -28.52 |
| Engagements sur rachats | -154.70 |
| Provisions pour commission de gestion forfaitaire (note 2) | -37 246.92 |
| Provisions pour taxe d’abonnement (note 3) | -645.92 |
| Provisions pour autres commissions et frais (note 2) | 	-6 995.72	 |
| Total des Provisions pour frais | -44 888.56 |
| Total du Passif | -132 384.25 |
|  |  |
| Actif net à la fin de l’exercice | 50 348 617.64 |
| Etat des opérations | USD |
| Revenus | 1.2.2020-31.1.2021 |
| Revenus d’intérêts sur liquidités | 1 773.73 |
| Dividendes | 2 674.77 |
| Autres revenus (note 4) | 6 563.37 |
| Total des Revenus | 11 011.87 |
|  |  |
| Charges |  |
| Commission de gestion forfaitaire (note 2) | -855 644.62 |
| Taxe d’abonnement (note 3) | -6 850.23 |
| Autres commissions et frais (note 2) | -11 206.81 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -3 627.81 |
| Total des Charges | -877 329.47 |
|  |  |
| Revenus/pertes net(te)s de placements | -866 317.60 |
|  |  |
| Bénéfices/(pertes) réalisé(e)s (note 1) |  |
| Bénéfice/(perte) réalisé(e) sur titres évalués à la valeur de marché hors options | 4 775 055.73 |
| Bénéfice/perte réalisé(e) sur options | 50 557.50 |
| Bénéfice/perte réalisé(e) sur contrats financiers à terme | -631 570.36 |
| Bénéfice/(perte) réalisé(e) sur contrats de change à terme | -556 959.50 |
| Bénéfice/(perte) de change réalisé(e) | 73 043.33 |
| Total des Bénéfices/(pertes) réalisé(e)s | 3 710 126.70 |
|  |  |
| Bénéfice/(perte) net(te) réalisé(e) au cours de l’exercice | 2 843 809.10 |
|  |  |
| 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 | 2 201 041.72 |
| Plus-/(moins)-value non réalisée sur contrats financiers à terme | 40 151.62 |
| Plus-/(moins)-value non réalisée sur contrats de change à terme | -131 478.33 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 2 109 715.01 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 4 953 524.11 |

UBS (Lux) Strategy Fund – Equity (USD)
Rapport annuel et états financiers révisés au 31 janvier 2021
| Fluctuations de l’actif net |  |
| --- | --- |
|  | USD |
|  | 1.2.2020-31.1.2021 |
| Actif net au début de l’exercice | 52 981 333.53 |
| Souscriptions | 3 358 057.48 |
| Rachats | 	-10 944 297.48	 |
| Total des Entrées/(sorties) de capitaux | -7 586 240.00 |
| Revenus/pertes net(te)s de placements | -866 317.60 |
| Total des Bénéfices/(pertes) réalisé(e)s | 3 710 126.70 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 	2 109 715.01	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 4 953 524.11 |
| Actif net à la fin de l’exercice | 50 348 617.64 |
| Evolution des parts en circulation |  |
|  | 1.2.2020-31.1.2021 |
| Catégorie | P-acc |
| Nombre de parts en circulation au début de l’exercice | 37 579.0030 |
| Nombre de parts émises | 2 576.0640 |
| Nombre de parts rachetées | -6 491.0960 |
| Nombre de parts en circulation à la fin de l’exercice | 33 663.9710 |
| Catégorie | Q-acc |
| Nombre de parts en circulation au début de l’exercice | 42 266.6900 |
| Nombre de parts émises | 1 263.1750 |
| Nombre de parts rachetées | -23 944.4180 |
| Nombre de parts en circulation à la fin de l’exercice | 19 585.4470 |

UBS (Lux) Strategy Fund – Equity (USD) 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 USD | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |

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 | 1 304 800.00 | 9 504 163.20 | 18.88 |
| USD | ISHRS III PLC-MSCI WORLD SML CAP UCITS ETF-UNHDG USD-ACC | 153 886.00 | 1 014 724.28 | 2.01 |
| USD | SOURCE MARKETS PLC - MSCI USA SOURCE ETF-A | 25 327.00 | 2 653 763.06 | 5.27 |
| USD | UBS (IRL) INVESTOR SELECTION PLC - GLOB EMER MKT OPP-I-B USD | 3 990.00 | 1 334 443.53 | 2.65 |
| Total Irlande |  | 14 507 094.07 | 28.81 |
| Luxembourg |  |  |  |
| USD	UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC | 445.00 | 6 007 904.95 | 11.93 |
| USD	UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC | 98.50 | 4 000 635.62 | 7.95 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL QUANTITATIVE (USD) U-X-ACC | 368.45 | 6 361 313.46 | 12.64 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL OPPORTUNITY (USD) U-X-ACC | 537.00 | 5 957 902.23 | 11.83 |
| USD	UBS (LUX) INSTITUTIONAL FUND - KEY SEL. GLOBAL EQUITY FA-USD | 189.75 | 5 752 745.71 | 11.43 |
| USD	UBS (LUX) INSTITUTIONAL SICAV - EQUITIES GLB (EX USA) PASSIVE XA | 55 247.00 | 6 220 259.73 | 12.35 |
| USD	UBS (LUX) MONEY MARKET FUND - USD U-X-ACC | 1.00 | 11 219.78 | 0.02 |
| Total Luxembourg |  | 34 311 981.48 | 68.15 |
| Total des Fonds d’investissement, ouvert |  | 48 819 075.55 | 96.96 |
| Total des OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée |  | 48 819 075.55 | 96.96 |
| Total du Portefeuille-titres |  | 48 819 075.55 | 96.96 |

| Instruments dérivés |  |
| --- | --- |
| Instruments dérivés négociés sur une bourse officielle Contrats financiers à terme sur indices |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.03.21 | 38.00 | -29 358.06 | -0.06 |
| CHF	SWISS MARKET INDEX FUTURE 19.03.21 | -3.00 | -6 879.50 | -0.01 |
| GBP	FTSE 100 INDEX FUTURE 19.03.21 | 33.00 | -71 674.17 | -0.14 |
| SEK	OMX 30 INDEX FUTURE 19.02.21 | -21.00 | 3 362.92 | 0.00 |
| USD	S&P500 EMINI FUTURE 19.03.21 | -28.00 | -16 480.00 | -0.03 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 11.03.21 | 3.00 | 15 378.00 | 0.03 |
| AUD	SPI 200 INDEX FUTURES 18.03.21 | 5.00 | -4 948.76 | -0.01 |
| CAD	S&P/TSX 60 INDEX FUTURE 18.03.21 | 1.00 | -673.22 | 0.00 |
| HKD	HANG SENG INDEX FUTURE 25.02.21 | -3.00 | 29 443.44 | 0.06 |
| Total des Contrats financiers à terme sur indices |  | -81 829.35 | -0.16 |
| Total des Instruments dérivés négociés sur une bourse officielle |  | -81 829.35 | -0.16 |
| Total des Instruments dérivés |  | -81 829.35 | -0.16 |
| Contrats de change à terme Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |  |

| GBP | 24 000.00 | USD | 31 701.07 | 4.2.2021 | 1 256.21 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 2 908.05 | SEK | 25 000.00 | 4.2.2021 | -93.06 | 0.00 |
| GBP | 21 000.00 | USD | 27 783.95 | 4.2.2021 | 1 053.67 | 0.00 |
| GBP | 1 072 331.75 | USD | 1 419 085.23 | 4.2.2021 | 53 462.17 | 0.11 |
| USD | 522 256.79 | AUD | 712 650.68 | 4.2.2021 | -24 535.13 | -0.05 |
| USD | 15 510.47 | NZD | 22 500.00 | 4.2.2021 | -705.28 | 0.00 |
| JPY | 34 500 649.00 | USD | 331 240.79 | 4.2.2021 | -1 696.52 | 0.00 |
| USD | 10 437.68 | ILS | 35 000.00 | 4.2.2021 | -248.94 | 0.00 |
| USD | 247 827.49 | DKK | 1 551 975.31 | 4.2.2021 | -5 696.35 | -0.01 |
| USD | 657 267.38 | HKD | 5 095 000.00 | 4.2.2021 | 176.57 | 0.00 |
| USD | 651 788.75 | CHF | 592 004.73 | 4.2.2021 | -13 755.27 | -0.03 |
| SGD | 229 500.00 | USD | 170 796.16 | 4.2.2021 | 2 135.35 | 0.00 |
| USD | 380 825.56 | CAD | 498 037.58 | 4.2.2021 | -9 046.04 | -0.02 |
| USD | 206 519.05 | SEK | 1 776 765.58 | 4.2.2021 | -6 771.74 | -0.01 |
| USD | 78 334.25 | NOK | 708 523.23 | 4.2.2021 | -4 505.48 | -0.01 |
| USD | 2 613 429.63 | EUR | 2 198 061.88 | 4.2.2021 | -57 193.56 | -0.11 |
| GBP | 39 000.00 | USD | 52 233.68 | 4.2.2021 | 1 321.90 | 0.00 |
| USD | 3 225.71 | HKD | 25 000.00 | 4.2.2021 | 1.52 | 0.00 |
| CAD | 132 000.00 | JPY | 10 754 251.00 | 4.2.2021 | 608.89 | 0.00 |
| NOK | 1 359 000.00 | USD | 153 952.82 | 4.2.2021 | 4 939.91 | 0.01 |
| AUD | 207 000.00 | JPY | 16 230 526.00 | 4.2.2021 | 3 792.55 | 0.01 |
| USD | 29 746.13 | CAD | 38 000.00 | 4.2.2021 | -0.86 | 0.00 |
| CHF | 16 000.00 | USD | 18 055.82 | 4.2.2021 | -68.29 | 0.00 |
| EUR | 23 000.00 | USD | 27 961.70 | 4.2.2021 | -16.93 | 0.00 |
| HKD | 245 000.00 | USD | 31 607.48 | 4.2.2021 | -10.38 | 0.00 |
| JPY | 7 000 000.00 | USD | 67 342.27 | 4.2.2021 | -479.47 | 0.00 |
| SEK | 225 000.00 | USD | 26 789.53 | 4.2.2021 | 220.46 | 0.00 |
| GBP | 100 000.00 | USD | 133 433.20 | 4.2.2021 | 3 888.80 | 0.01 |
| USD | 642 480.86 | GBP | 481 500.00 | 4.2.2021 | -18 724.57 | -0.04 |
| USD | 49 276.64 | GBP | 37 000.00 | 4.2.2021 | -1 532.50 | 0.00 |
| EUR | 32 000.00 | USD | 38 948.93 | 4.2.2021 | -69.25 | 0.00 |
| GBP | 11 000.00 | USD | 14 784.42 | 4.2.2021 | 321.00 | 0.00 |
| USD | 904.19 | SEK | 7 500.00 | 4.2.2021 | 3.86 | 0.00 |
| USD | 39 825.89 | EUR | 32 500.00 | 4.2.2021 | 338.72 | 0.00 |

UBS (Lux) Strategy Fund – Equity (USD)
Rapport annuel et états financiers révisés au 31 janvier 2021
| Dénomination	Nombre/ | Evaluation en USD | 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
| USD | 46 126.85 | JPY | 4 750 000.00 | 4.2.2021 | 755.67 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 88 284.95 | EUR | 72 000.00 | 4.2.2021 | 805.67 | 0.00 |
| USD | 40 829.70 | GBP | 30 000.00 | 4.2.2021 | -366.90 | 0.00 |
| GBP | 17 000.00 | USD | 22 964.86 | 4.2.2021 | 379.88 | 0.00 |
| USD | 57 557.56 | EUR | 47 000.00 | 4.2.2021 | 453.03 | 0.00 |
| USD | 50 235.94 | GBP | 37 500.00 | 4.2.2021 | -1 259.81 | 0.00 |
| USD | 15 508.00 | AUD | 20 500.00 | 4.2.2021 | -220.93 | 0.00 |
| USD | 26 589.88 | JPY | 2 750 000.00 | 4.2.2021 | 322.35 | 0.00 |
| EUR | 20 000.00 | USD | 24 494.30 | 4.2.2021 | -194.50 | 0.00 |
| GBP | 16 000.00 | USD | 21 722.26 | 4.2.2021 | 249.26 | 0.00 |
| USD | 5 653.49 | CHF | 5 000.00 | 4.2.2021 | 32.39 | 0.00 |
| GBP | 17 000.00 | USD | 23 026.53 | 4.2.2021 | 318.21 | 0.00 |
| USD | 10 221.48 | GBP | 7 500.00 | 4.2.2021 | -77.67 | 0.00 |
| USD | 1 612.41 | HKD | 12 500.00 | 4.2.2021 | 0.31 | 0.00 |
| JPY | 3 500 000.00 | USD | 33 977.09 | 4.2.2021 | -545.69 | 0.00 |
| USD | 3 049.33 | SEK | 25 000.00 | 19.3.2021 | 46.86 | 0.00 |
| USD | 3 048.16 | SEK | 25 000.00 | 4.2.2021 | 47.05 | 0.00 |
| USD | 5 159.68 | HKD | 40 000.00 | 4.2.2021 | 0.97 | 0.00 |
| USD | 5 160.07 | HKD | 40 000.00 | 19.3.2021 | 1.02 | 0.00 |
| USD | 564 592.95 | CHF | 493 620.79 | 19.3.2021 | 8 976.16 | 0.02 |
| USD | 375 785.62 | CAD | 475 308.68 | 19.3.2021 | 3 670.00 | 0.01 |
| USD | 2 616 251.03 | EUR | 2 115 987.22 | 19.3.2021 | 42 960.13 | 0.09 |
| GBP | 786 726.64 | USD | 1 075 269.65 | 19.3.2021 | 5 319.82 | 0.01 |
| USD | 415 124.59 | AUD | 530 951.03 | 19.3.2021 | 7 644.29 | 0.01 |
| SGD | 93 500.00 | USD | 71 047.12 | 19.3.2021 | -594.57 | 0.00 |
| JPY | 10 502 432.00 | USD | 102 236.24 | 19.3.2021 | -1 875.18 | 0.00 |
| USD | 11 003.11 | ILS | 35 000.00 | 19.3.2021 | 306.91 | 0.00 |
| USD | 17 179.11 | NZD | 23 500.00 | 19.3.2021 | 242.59 | 0.00 |
| USD | 630 474.57 | HKD | 4 887 500.00 | 19.3.2021 | 102.57 | 0.00 |
| USD | 257 520.83 | DKK | 1 549 500.00 | 19.3.2021 | 4 203.47 | 0.01 |
| USD | 192 457.32 | SEK | 1 567 327.80 | 19.3.2021 | 4 222.87 | 0.01 |
| NOK | 647 118.15 | USD | 76 992.00 | 19.3.2021 | -1 339.61 | 0.00 |
| USD | 26 763.55 | JPY | 2 750 000.00 | 4.2.2021 | 496.02 | 0.00 |
| USD | 26 775.17 | JPY | 2 750 000.00 | 19.3.2021 | 496.22 | 0.00 |
| USD | 6 086.11 | SEK | 50 000.00 | 19.3.2021 | 81.16 | 0.00 |
| USD | 6 083.64 | SEK | 50 000.00 | 4.2.2021 | 81.42 | 0.00 |
| GBP | 4 000.00 | USD | 5 439.36 | 4.2.2021 | 53.52 | 0.00 |
| GBP | 4 000.00 | USD | 5 440.62 | 19.3.2021 | 53.48 | 0.00 |
| USD | 3 868.93 | HKD | 30 000.00 | 4.2.2021 | -0.10 | 0.00 |
| USD | 3 869.29 | HKD | 30 000.00 | 19.3.2021 | 0.00 | 0.00 |
| USD | 3 018.98 | SEK | 25 000.00 | 19.3.2021 | 16.51 | 0.00 |
| USD | 3 017.76 | SEK | 25 000.00 | 4.2.2021 | 16.65 | 0.00 |
| GBP | 10 000.00 | USD | 13 688.37 | 19.3.2021 | 46.89 | 0.00 |
| GBP | 10 000.00 | USD | 13 685.32 | 4.2.2021 | 46.88 | 0.00 |
| USD | 14 391.27 | SEK | 120 000.00 | 19.3.2021 | -20.61 | 0.00 |
| USD | 14 385.20 | SEK | 120 000.00 | 4.2.2021 | -20.13 | 0.00 |
| GBP | 22 000.00 | USD | 30 020.52 | 4.2.2021 | 190.32 | 0.00 |
| USD | 4 514.35 | HKD | 35 000.00 | 19.3.2021 | 0.18 | 0.00 |
| USD | 4 513.86 | HKD | 35 000.00 | 4.2.2021 | -0.01 | 0.00 |
| GBP | 22 000.00 | USD | 30 027.16 | 19.3.2021 | 190.41 | 0.00 |
| HKD | 690 000.00 | USD | 89 004.94 | 19.3.2021 | -11.25 | 0.00 |
| EUR | 69 000.00 | USD | 83 464.75 | 4.2.2021 | 369.56 | 0.00 |
| EUR | 68 000.00 | USD | 82 332.30 | 19.3.2021 | 363.75 | 0.00 |
| HKD | 690 000.00 | USD | 88 996.97 | 4.2.2021 | -9.21 | 0.00 |
| USD | 16 885.82 | CAD | 21 500.00 | 19.3.2021 | 53.63 | 0.00 |
| AUD | 22 000.00 | USD | 16 989.32 | 19.3.2021 | -105.34 | 0.00 |
| AUD | 22 000.00 | USD | 16 984.66 | 4.2.2021 | -104.83 | 0.00 |
| USD | 16 883.64 | CAD | 21 500.00 | 4.2.2021 | 53.10 | 0.00 |
| JPY | 4 000 000.00 | USD | 38 542.55 | 4.2.2021 | -335.24 | 0.00 |
| USD | 39 074.94 | DKK | 240 000.00 | 19.3.2021 | -161.05 | 0.00 |
| JPY | 4 000 000.00 | USD | 38 559.23 | 19.3.2021 | -335.30 | 0.00 |
| GBP | 23 000.00 | USD | 31 273.26 | 19.3.2021 | 317.84 | 0.00 |
| GBP | 23 000.00 | USD | 31 266.43 | 4.2.2021 | 317.63 | 0.00 |
| USD | 39 042.26 | DKK | 240 000.00 | 4.2.2021 | -163.08 | 0.00 |
| USD | 18 128.88 | NOK | 155 000.00 | 4.2.2021 | 6.46 | 0.00 |
| USD | 18 123.01 | NOK | 155 000.00 | 19.3.2021 | 2.49 | 0.00 |
| SGD | 22 000.00 | USD | 16 551.43 | 4.2.2021 | 25.88 | 0.00 |
| SGD | 21 000.00 | USD | 15 799.17 | 19.3.2021 | 24.40 | 0.00 |
| INR | 23 857 000.00 | USD | 323 546.16 | 26.3.2021 | 1 441.23 | 0.00 |
| IDR | 4 696 207 000.00 | USD | 331 699.89 | 26.3.2021 | 1 635.07 | 0.00 |
| USD | 336 514.22 | TWD | 9 345 000.00 | 26.3.2021 | 758.08 | 0.00 |
| RUB | 15 118 000.00 | USD | 203 599.83 | 26.3.2021 | -4 421.52 | -0.01 |
| USD | 10 965.93 | HKD | 85 000.00 | 4.2.2021 | 3.67 | 0.00 |
| USD | 10 966.96 | HKD | 85 000.00 | 19.3.2021 | 3.97 | 0.00 |
| EUR | 85 000.00 | USD | 102 849.08 | 4.2.2021 | 425.07 | 0.00 |
| EUR | 85 000.00 | USD | 102 946.18 | 19.3.2021 | 423.88 | 0.00 |
| USD | 6 449.93 | HKD | 50 000.00 | 19.3.2021 | 1.11 | 0.00 |
| USD | 6 449.42 | HKD | 50 000.00 | 4.2.2021 | 1.03 | 0.00 |
| USD | 7 843.08 | SEK | 65 000.00 | 4.2.2021 | 40.19 | 0.00 |
| AUD | 17 000.00 | USD | 13 165.99 | 4.2.2021 | -122.49 | 0.00 |
| USD | 7 846.58 | SEK | 65 000.00 | 19.3.2021 | 40.15 | 0.00 |
| AUD | 17 000.00 | USD | 13 169.66 | 19.3.2021 | -122.95 | 0.00 |
| JPY | 2 950 000.00 | USD | 28 472.81 | 19.3.2021 | -282.66 | 0.00 |
| USD | 20 611.85 | GBP | 15 000.00 | 19.3.2021 | 8.96 | 0.00 |
| USD | 20 607.26 | GBP | 15 000.00 | 4.2.2021 | 8.96 | 0.00 |
| JPY | 2 950 000.00 | USD | 28 460.67 | 4.2.2021 | -282.78 | 0.00 |

UBS (Lux) Strategy Fund – Equity (USD) Rapport annuel et états financiers révisés au 31 janvier 2021
| Dénomination	Nombre/ | Evaluation en USD | 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
| EUR | 17 000.00 | USD | 20 695.00 | 19.3.2021 | -20.99 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 17 000.00 | USD | 20 675.77 | 4.2.2021 | -20.94 | 0.00 |
| EUR | 9 000.00 | USD | 10 900.49 | 4.2.2021 | 34.42 | 0.00 |
| EUR | 8 000.00 | USD | 9 698.35 | 19.3.2021 | 30.60 | 0.00 |
| GBP | 4 000.00 | USD | 5 480.70 | 19.3.2021 | 13.40 | 0.00 |
| GBP | 4 000.00 | USD | 5 479.49 | 4.2.2021 | 13.39 | 0.00 |
| USD | 12 956.58 | CHF | 11 500.00 | 19.3.2021 | 12.24 | 0.00 |
| USD | 12 940.69 | CHF | 11 500.00 | 4.2.2021 | 12.15 | 0.00 |
| USD | 34 299.43 | GBP | 25 000.00 | 19.3.2021 | -38.72 | 0.00 |
| USD | 34 292.33 | GBP | 25 000.00 | 4.2.2021 | -38.17 | 0.00 |
| Total des Contrats de change à terme | 4 553.18 | 0.01 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 1 593 420.84 | 3.16 |
| Crédit en compte courant et autres engagements à court terme | -5 483.12 | -0.01 |
| Autres actifs et passifs | 18 880.54 | 0.04 |
| Total de l’Actif net | 50 348 617.64 | 100.00 |

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