# UBS (Lux) Strategy Fund – Balanced (EUR)
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 31.1.2021 | 31.1.2020 | 31.1.2019 |
| Net assets in EUR |  | 536 969 853.32 | 651 245 727.44 | 724 729 880.00 |
| Class I-A2-acc | LU1100168837 |  |  |  |
| Units outstanding |  | 120 339.8460 | 120 340.8400 | 105 609.7880 |
| Net asset value per unit in EUR |  | 128.28 | 122.46 | 113.47 |
| Issue and redemption price per unit in EUR 1 |  | 128.28 | 122.46 | 113.47 |
| Class K-1-acc | LU0886758357 |  |  |  |
| Units outstanding |  | 7.2000 | 11.9000 | 10.4000 |
| Net asset value per unit in EUR |  | 4 252 661.95 | 4 075 418.03 | 3 791 007.52 |
| Issue and redemption price per unit in EUR 1 |  | 4 252 661.95 | 4 075 418.03 | 3 791 007.52 |
| Class N-acc | LU0167295749 |  |  |  |
| Units outstanding |  | 2 390 514.7330 | 2 896 060.4240 | 3 553 111.5080 |
| Net asset value per unit in EUR |  | 18.09 | 17.48 | 16.40 |
| Issue and redemption price per unit in EUR 1 |  | 18.09 | 17.48 | 16.40 |
| Class (CAD hedged) P-4%-mdist 2 | LU1195739633 |  |  |  |
| Units outstanding |  | - | 7 068.1100 | 13 313.6130 |
| Net asset value per unit in CAD |  | - | 957.95 | 914.33 |
| Issue and redemption price per unit in CAD 1 |  | - | 957.95 | 914.33 |
| Class (GBP hedged) P-4%-mdist 3 | LU1195739716 |  |  |  |
| Units outstanding |  | - | 5 107.5460 | 6 748.0010 |
| Net asset value per unit in GBP |  | - | 937.09 | 901.76 |
| Issue and redemption price per unit in GBP 1 |  | - | 937.09 | 901.76 |
| Class (HKD hedged) P-4%-mdist 4 | LU1240811817 |  |  |  |
| Units outstanding |  | - | - | 2 945.8370 |
| Net asset value per unit in HKD |  | - | - | 9 396.22 |
| Issue and redemption price per unit in HKD 1 |  | - | - | 9 396.22 |
| Class (SGD hedged) P-4%-mdist 2 | LU1227825145 |  |  |  |
| Units outstanding |  | - | 3 883.8280 | 9 850.9300 |
| Net asset value per unit in SGD |  | - | 975.00 | 929.20 |
| Issue and redemption price per unit in SGD 1 |  | - | 975.00 | 929.20 |
| Class (USD hedged) P-4%-mdist | LU1107510445 |  |  |  |
| Units outstanding |  | 9 408.6570 | 15 743.4290 | 32 509.5370 |
| Net asset value per unit in USD |  | 1 034.78 | 1 022.29 | 968.92 |
| Issue and redemption price per unit in USD 1 |  | 1 034.78 | 1 022.29 | 968.92 |
| Class P-acc | LU0049785446 |  |  |  |
| Units outstanding |  | 119 644.0260 | 138 957.6400 | 162 634.1220 |
| Net asset value per unit in EUR |  | 2 864.16 | 2 761.80 | 2 585.03 |
| Issue and redemption price per unit in EUR 1 |  | 2 864.16 | 2 761.80 | 2 585.03 |
| Class P-C-dist | LU0108564344 |  |  |  |
| Units outstanding |  | 6 219.7650 | 6 606.1280 | 6 772.5310 |
| Net asset value per unit in EUR |  | 117.72 | 114.93 | 108.63 |
| Issue and redemption price per unit in EUR 1 |  | 117.72 | 114.93 | 108.63 |
| Class P-dist | LU0049785362 |  |  |  |
| Units outstanding |  | 26 216.3410 | 37 433.1120 | 37 449.1370 |
| Net asset value per unit in EUR |  | 1 763.62 | 1 723.79 | 1 629.28 |
| Issue and redemption price per unit in EUR 1 |  | 1 763.62 | 1 723.79 | 1 629.28 |
| Class P-mdist | LU1008478924 |  |  |  |
| Units outstanding |  | 1 750.1030 | 4 355.3260 | 21 319.0570 |
| Net asset value per unit in EUR |  | 1 021.25 | 999.01 | 949.19 |
| Issue and redemption price per unit in EUR 1 |  | 1 021.25 | 999.01 | 949.19 |
| Class (USD hedged) P-mdist | LU1008479062 |  |  |  |
| Units outstanding |  | 5 795.8680 | 8 624.8830 | 15 329.9330 |
| Net asset value per unit in USD |  | 1 118.66 | 1 090.94 | 1 033.94 |
| Issue and redemption price per unit in USD 1 |  | 1 118.66 | 1 090.94 | 1 033.94 |
| Class Q-acc | LU0941351172 |  |  |  |
| Units outstanding |  | 273 437.7780 | 322 688.9220 | 339 153.5770 |
| Net asset value per unit in EUR |  | 134.27 | 128.61 | 119.58 |
| Issue and redemption price per unit in EUR 1 |  | 134.27 | 128.61 | 119.58 |
| Class Q-C-dist | LU1240797990 |  |  |  |
| Units outstanding |  | 1 389.1760 | 3 081.6200 | 4 047.6830 |
| Net asset value per unit in EUR |  | 119.21 | 116.12 | 109.76 |
| Issue and redemption price per unit in EUR 1 |  | 119.21 | 116.12 | 109.76 |
| Class Q-dist | LU1240798022 |  |  |  |
| Units outstanding | 52 208.9020 | 55 826.9320 | 59 379.5730 |
| Net asset value per unit in EUR | 114.99 | 112.39 | 106.23 |
| Issue and redemption price per unit in EUR 1 | 114.99 | 112.39 | 106.23 |
| 1  See note 1 2  The unit classes (CAD hedged) P-4%-mdist and (SGD hedged) P-4%-mdist were in circulation until 23.4.2020 3  The unit class (GBP hedged) P-4%-mdist was in circulation until 15.12.2020 4  The unit class (HKD hedged) P-4%-mdist was in circulation until 20.2.2019 |  |  |  |
| UBS (Lux) Strategy Fund – Balanced (EUR) |  |  |  |
| Annual report and audited financial statements as of 31 January 2021 |  |  |  |

| Performance |  |
| --- | --- |
|  | Currency | 2020/2021 | 2019/2020 | 2018/2019 |
| Class I-A2-acc | EUR | 4.8% | 7.9% | -4.7% |
| Class K-1-acc | EUR | 4.3% | 7.5% | -5.1% |
| Class N-acc | EUR | 3.5% | 6.6% | -6.0% |
| Class (CAD hedged) P-4%-mdist 1 | CAD | - | 9.0% | -4.0% |
| Class (GBP hedged) P-4%-mdist 2 | GBP | - | 8.2% | -4.7% |
| Class (HKD hedged) P-4%-mdist 3 | HKD | - | - | -4.0% |
| Class (SGD hedged) P-4%-mdist 1 | SGD | - | 9.2% | -3.8% |
| Class (USD hedged) P-4%-mdist | USD | 5.3% | 9.8% | -3.2% |
| Class P-acc | EUR | 3.7% | 6.8% | -5.7% |
| Class P-C-dist | EUR | 3.7% | 6.8% | -5.7% |
| Class P-dist | EUR | 3.7% | 6.8% | -5.7% |
| Class P-mdist | EUR | 3.7% | 6.8% | -5.7% |
| Class (USD hedged) P-mdist | USD | 5.3% | 9.8% | -3.1% |
| Class Q-acc | EUR | 4.4% | 7.6% | -5.1% |
| Class Q-C-dist | EUR | 4.4% | 7.6% | -5.1% |
| Class Q-dist | EUR | 4.4% | 7.6% | -5.1% |

1 
The unit classes (CAD hedged) P-4%-mdist and (SGD hedged) P-4%-mdist were in circulation until 23.4.2020. Due to this fact, there is no data for the calculation of the performance available.
2 
The unit class (GBP hedged) P-4%-mdist was in circulation until 15.12.2020. Due to this fact, there is no data for the calculation of the performance available.
3 
The unit class (HKD hedged) P-4%-mdist was in circulation until 20.2.2019. Due to this fact, there is no data for the calculation of the performance available.
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.
Due to its well-balanced nature the strategy weathered the challenging beginning of 2020 well. The subsequent countermove helped to recoup the losses.
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	62.48
Total	97.96
EUR	35.48
Classification by Instrument as a % of net assets	
| Investment funds, open end | 86.63 |
| --- | --- |
| Bonds, fixed rate | 3.19 |
| Treasury notes, fixed rate | 2.60 |
| Medium term notes, fixed rate | 2.01 |
| Treasury notes, floating rate | 1.94 |
| Bonds, zero coupon | 0.78 |
| Medium term notes, zero coupon | 0.41 |
| Notes, fixed rate | 0.24 |
| Bonds, floating rate | 0.16 |
| Total | 97.96 |

UBS (Lux) Strategy Fund – Balanced (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	440 840 053.14
| Investments in securities, unrealized appreciation (depreciation) | 	85 160 663.16	 |
| --- | --- |
| Total investments in securities (Note 1) | 526 000 716.30 |
| Cash at banks, deposits on demand and deposit accounts | 1 699 249.45 |
| Other liquid assets (Margins) | 7 135 656.23 |
| Receivable on securities sales (Note 1) | 1 957 873.10 |
| Receivable on subscriptions | 199 416.03 |
| Interest receivable on securities | 386 750.56 |
| Interest receivable on liquid assets | 1 280.04 |
| Other receivables | 1 850.24 |
| Unrealized gain on forward foreign exchange contracts (Note 1) | 945 918.25 |
| Total Assets | 538 328 710.20 |
|  |  |
| Liabilities |  |
| Unrealized loss on financial futures (Note 1) | -208 725.06 |
| Bank overdraft | -217 320.21 |
| Interest payable on bank overdraft | -67.34 |
| Payable on redemptions | -564 495.40 |
| Provisions for flat fee (Note 2) | -318 576.57 |
| Provisions for taxe d’abonnement (Note 3) | -4 612.68 |
| Provisions for other commissions and fees (Note 2) | 	-45 059.62	 |
| Total provisions | -368 248.87 |
| Total Liabilities | -1 358 856.88 |
|  |  |
| Net assets at the end of the financial year | 536 969 853.32 |
| Statement of Operations | EUR |
| Income | 1.2.2020-31.1.2021 |
| Interest on liquid assets | 5 744.49 |
| Interest on securities | 977 484.52 |
| Dividends | 872 161.97 |
| Interest received on swaps (Note 1) | 36 678.11 |
| Income on securities lending (Note 15) | 36 772.03 |
| Other income (Note 4) | 187 127.84 |
| Total income | 2 115 968.96 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -11 080.41 |
| Flat fee (Note 2) | -8 278 869.02 |
| Taxe d’abonnement (Note 3) | -50 322.31 |
| Cost on securities lending (Note 15) | -14 708.81 |
| Other commissions and fees (Note 2) | -70 669.20 |
| Interest on cash and bank overdraft | -59 392.07 |
| Total expenses | -8 485 041.82 |
|  |  |
| Net income (loss) on investments | -6 369 072.86 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 46 693 226.70 |
| Realized gain (loss) on options | 3 081 533.27 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | -24 780.75 |
| Realized gain (loss) on financial futures | -11 821 921.04 |
| Realized gain (loss) on forward foreign exchange contracts | 15 267 753.58 |
| Realized gain (loss) on swaps | 206 514.38 |
| Realized gain (loss) on foreign exchange | -5 110 504.87 |
| Total realized gain (loss) | 48 291 821.27 |
|  |  |
| Net realized gain (loss) of the financial year | 41 922 748.41 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | -37 545 292.42 |
| Unrealized appreciation (depreciation) on options | -45 325.00 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | 849.21 |
| Unrealized appreciation (depreciation) on financial futures | 1 975 655.72 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | 1 831 148.82 |
| Total changes in unrealized appreciation (depreciation) | -33 782 963.67 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 8 139 784.74 |

UBS (Lux) Strategy Fund – Balanced (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 | 651 245 727.44 |
| Subscriptions | 26 972 924.84 |
| Redemptions | 	-147 771 368.57	 |
| Total net subscriptions (redemptions) | -120 798 443.73 |
| Dividend paid | -1 617 215.13 |
| Net income (loss) on investments | -6 369 072.86 |
| Total realized gain (loss) | 48 291 821.27 |
| Total changes in unrealized appreciation (depreciation) | 	-33 782 963.67	 |
| Net increase (decrease) in net assets as a result of operations | 8 139 784.74 |
| Net assets at the end of the financial year | 536 969 853.32 |
| Development of the outstanding units |  |
|  | 1.2.2020-31.1.2021 |
| Class | I-A2-acc |
| Number of units outstanding at the beginning of the financial year | 120 340.8400 |
| Number of units issued | 0.0000 |
| Number of units redeemed | -0.9940 |
| Number of units outstanding at the end of the financial year | 120 339.8460 |
| Class | K-1-acc |
| Number of units outstanding at the beginning of the financial year | 11.9000 |
| Number of units issued | 0.5000 |
| Number of units redeemed | -5.2000 |
| Number of units outstanding at the end of the financial year | 7.2000 |
| Class | N-acc |
| Number of units outstanding at the beginning of the financial year | 2 896 060.4240 |
| Number of units issued | 39 515.5290 |
| Number of units redeemed | -545 061.2200 |
| Number of units outstanding at the end of the financial year | 2 390 514.7330 |
| Class | (CAD hedged) P-4%-mdist |
| Number of units outstanding at the beginning of the financial year | 7 068.1100 |
| Number of units issued | 0.0000 |
| Number of units redeemed | -7 068.1100 |
| Number of units outstanding at the end of the financial year | 0.0000 |
| Class | (GBP hedged) P-4%-mdist |
| Number of units outstanding at the beginning of the financial year | 5 107.5460 |
| Number of units issued | 46.4360 |
| Number of units redeemed | -5 153.9820 |
| Number of units outstanding at the end of the financial year | 0.0000 |
| Class | (SGD hedged) P-4%-mdist |
| Number of units outstanding at the beginning of the financial year | 3 883.8280 |
| Number of units issued | 0.0000 |
| Number of units redeemed | -3 883.8280 |
| Number of units outstanding at the end of the financial year | 0.0000 |
| Class | (USD hedged) P-4%-mdist |
| Number of units outstanding at the beginning of the financial year | 15 743.4290 |
| Number of units issued | 491.8400 |
| Number of units redeemed | -6 826.6120 |
| Number of units outstanding at the end of the financial year | 9 408.6570 |
| Class | P-acc |
| Number of units outstanding at the beginning of the financial year | 138 957.6400 |
| Number of units issued | 7 382.2300 |
| Number of units redeemed | -26 695.8440 |
| Number of units outstanding at the end of the financial year | 119 644.0260 |
| Class | P-C-dist |
| Number of units outstanding at the beginning of the financial year | 6 606.1280 |
| Number of units issued | 307.1790 |
| Number of units redeemed | -693.5420 |
| Number of units outstanding at the end of the financial year | 6 219.7650 |
| Class | P-dist |
| Number of units outstanding at the beginning of the financial year | 37 433.1120 |
| Number of units issued | 1 155.9500 |
| Number of units redeemed | -12 372.7210 |
| Number of units outstanding at the end of the financial year | 26 216.3410 |
| Class | P-mdist |
| Number of units outstanding at the beginning of the financial year | 4 355.3260 |
| Number of units issued | 60.0000 |
| Number of units redeemed | -2 665.2230 |
| Number of units outstanding at the end of the financial year | 1 750.1030 |
| Class | (USD hedged) P-mdist |
| Number of units outstanding at the beginning of the financial year | 8 624.8830 |
| Number of units issued | 0.0000 |
| Number of units redeemed | -2 829.0150 |
| Number of units outstanding at the end of the financial year | 5 795.8680 |

UBS (Lux) Strategy Fund – Balanced (EUR) Annual report and audited financial statements as of 31 January 2021
| Class |  |  | Q-acc |
| --- | --- | --- | --- |
| Number of units outstanding at the beginning of the financial year |  |  | 322 688.9220 |
| Number of units issued |  |  | 12 837.4010 |
| Number of units redeemed |  |  | -62 088.5450 |
| Number of units outstanding at the end of the financial year |  |  | 273 437.7780 |
| Class |  |  | Q-C-dist |
| Number of units outstanding at the beginning of the financial year |  |  | 3 081.6200 |
| Number of units issued |  |  | 59.1760 |
| Number of units redeemed |  |  | -1 751.6200 |
| Number of units outstanding at the end of the financial year |  |  | 1 389.1760 |
| Class |  |  | Q-dist |
| Number of units outstanding at the beginning of the financial year |  |  | 55 826.9320 |
| Number of units issued |  |  | 1 599.9830 |
| Number of units redeemed |  |  | -5 218.0130 |
| Number of units outstanding at the end of the financial year |  |  | 52 208.9020 |
| Annual Distribution 1 |  |  |  |
| UBS (Lux) Strategy Fund – Balanced (EUR)	Ex-Date | Pay-Date | Currency | Amount per unit |
| P-C-dist	1.4.2020 | 6.4.2020 | EUR | 1.18 |
| P-dist	1.4.2020 | 6.4.2020 | EUR | 19.27 |
| Q-C-dist	1.4.2020 | 6.4.2020 | EUR | 1.61 |
| Q-dist	1.4.2020 | 6.4.2020 | EUR | 1.87 |
| Monthly Distribution 1 |  |  |  |
| UBS (Lux) Strategy Fund – Balanced (EUR)	Ex-Date | Pay-Date | Currency | Amount per unit |
| (CAD hedged) P-4%-mdist	10.2.2020 | 13.2.2020 | CAD | 3.19 |
| (CAD hedged) P-4%-mdist	10.3.2020 | 13.3.2020 | CAD | 3.05 |
| (CAD hedged) P-4%-mdist	14.4.2020 | 17.4.2020 | CAD | 2.68 |
| (GBP hedged) P-4%-mdist	10.2.2020 | 13.2.2020 | GBP | 3.12 |
| (GBP hedged) P-4%-mdist	10.3.2020 | 13.3.2020 | GBP | 2.98 |
| (GBP hedged) P-4%-mdist	14.4.2020 | 17.4.2020 | GBP | 2.60 |
| (GBP hedged) P-4%-mdist	11.5.2020 | 14.5.2020 | GBP | 2.77 |
| (GBP hedged) P-4%-mdist	10.6.2020 | 15.6.2020 | GBP | 2.83 |
| (GBP hedged) P-4%-mdist	10.7.2020 | 15.7.2020 | GBP | 2.88 |
| (GBP hedged) P-4%-mdist	10.8.2020 | 13.8.2020 | GBP | 2.91 |
| (GBP hedged) P-4%-mdist	10.9.2020 | 15.9.2020 | GBP | 2.96 |
| (GBP hedged) P-4%-mdist	12.10.2020 | 15.10.2020 | GBP | 2.92 |
| (GBP hedged) P-4%-mdist	10.11.2020 | 13.11.2020 | GBP | 2.87 |
| (GBP hedged) P-4%-mdist	10.12.2020 | 15.12.2020 | GBP | 3.06 |
| (SGD hedged) P-4%-mdist	10.2.2020 | 13.2.2020 | SGD | 3.25 |
| (SGD hedged) P-4%-mdist	10.3.2020 | 13.3.2020 | SGD | 3.11 |
| (SGD hedged) P-4%-mdist	14.4.2020 | 17.4.2020 | SGD | 2.73 |
| (USD hedged) P-4%-mdist	10.2.2020 | 13.2.2020 | USD | 3.40 |
| (USD hedged) P-4%-mdist	10.3.2020 | 13.3.2020 | USD | 3.25 |
| (USD hedged) P-4%-mdist	14.4.2020 | 17.4.2020 | USD | 2.87 |
| (USD hedged) P-4%-mdist	11.5.2020 | 14.5.2020 | USD | 3.05 |
| (USD hedged) P-4%-mdist	10.6.2020 | 15.6.2020 | USD | 3.12 |
| (USD hedged) P-4%-mdist	10.7.2020 | 15.7.2020 | USD | 3.19 |
| (USD hedged) P-4%-mdist	10.8.2020 | 13.8.2020 | USD | 3.21 |
| (USD hedged) P-4%-mdist	10.9.2020 | 15.9.2020 | USD | 3.28 |
| (USD hedged) P-4%-mdist	12.10.2020 | 15.10.2020 | USD | 3.23 |
| (USD hedged) P-4%-mdist	10.11.2020 | 13.11.2020 | USD | 3.18 |
| (USD hedged) P-4%-mdist	10.12.2020 | 15.12.2020 | USD | 3.39 |
| (USD hedged) P-4%-mdist	11.1.2021 | 14.1.2021 | USD | 3.46 |
| P-mdist	17.2.2020 | 20.2.2020 | EUR | 1.08 |
| P-mdist	16.3.2020 | 19.3.2020 | EUR | 1.04 |
| P-mdist	15.4.2020 | 20.4.2020 | EUR | 0.91 |
| P-mdist	15.5.2020 | 20.5.2020 | EUR | 0.97 |
| P-mdist	15.6.2020 | 18.6.2020 | EUR | 0.99 |
| P-mdist	15.7.2020 | 20.7.2020 | EUR | 1.17 |
| P-mdist	17.8.2020 | 20.8.2020 | EUR | 1.20 |
| P-mdist	15.9.2020 | 18.9.2020 | EUR | 1.26 |
| P-mdist	15.10.2020 | 20.10.2020 | EUR | 1.24 |
| P-mdist	16.11.2020 | 19.11.2020 | EUR | 1.22 |
| P-mdist	15.12.2020 | 18.12.2020 | EUR | 1.31 |
| P-mdist	15.1.2021 | 20.1.2021 | EUR | 1.33 |
| 1  See note 5 |  |  |  |

UBS (Lux) Strategy Fund – Balanced (EUR)
Annual report and audited financial statements as of 31 January 2021
| UBS (Lux) Strategy Fund – Balanced (EUR) | Ex-Date | Pay-Date | Currency | Amount per unit |
| --- | --- | --- | --- | --- |
| (USD hedged) P-mdist | 17.2.2020 | 20.2.2020 | USD | 3.45 |
| (USD hedged) P-mdist | 16.3.2020 | 19.3.2020 | USD | 3.31 |
| (USD hedged) P-mdist | 15.4.2020 | 20.4.2020 | USD | 1.13 |
| (USD hedged) P-mdist | 15.5.2020 | 20.5.2020 | USD | 2.37 |
| (USD hedged) P-mdist | 15.6.2020 | 18.6.2020 | USD | 2.43 |
| (USD hedged) P-mdist | 15.7.2020 | 20.7.2020 | USD | 2.00 |
| (USD hedged) P-mdist | 17.8.2020 | 20.8.2020 | USD | 2.04 |
| (USD hedged) P-mdist | 15.9.2020 | 18.9.2020 | USD | 2.11 |
| (USD hedged) P-mdist | 15.10.2020 | 20.10.2020 | USD | 2.09 |
| (USD hedged) P-mdist | 16.11.2020 | 19.11.2020 | USD | 2.06 |
| (USD hedged) P-mdist | 15.12.2020 | 18.12.2020 | USD | 2.20 |
| (USD hedged) P-mdist | 15.1.2021 | 20.1.2021 | USD | 2.24 |

UBS (Lux) Strategy Fund – Balanced (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 | 450 000.00 | 454 725.00 | 0.08 |
| EUR	CHINA, PEOPLE’S REPUBLIC OF-REG-S 0.25000% 20-25.11.30 | 700 000.00 | 700 000.00 | 0.13 |
| EUR	SWISSCOM FINANCE BV-REG-S 0.37500% 20-14.11.28 | 140 000.00 | 144 158.00 | 0.03 |
| Total EUR |  | 1 298 883.00 | 0.24 |
| Total Notes, fixed rate |  | 1 298 883.00 | 0.24 |
| Medium term notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	AUSTRIA, REPUBLIC OF-144A-REG-S 3.50000% 06-15.09.21 | 250 000.00 | 256 333.00 | 0.05 |
| EUR	COMMONWEALTH BANK OF AUSTRALIA 3.00000% 12-03.05.22 | 700 000.00 | 730 688.00 | 0.14 |
| EUR	CORPORACION ANDINA DE FOMENTO-REG-S 0.50000% 17-25.01.22 | 800 000.00 | 805 740.80 | 0.15 |
| EUR	DEXIA CREDIT LOCAL SA-REG-S 0.25000% 17-02.06.22 | 200 000.00 | 202 160.00 | 0.04 |
| EUR	DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 975 000.00 | 983 275.80 | 0.18 |
| EUR	DNB BOLIGKREDIT A-REG-S 1.87500% 12-21.11.22 | 500 000.00 | 521 795.00 | 0.10 |
| EUR	EUROPEAN INVESTMENT BANK 0.50000% 17-15.01.27 | 400 000.00 | 425 600.00 | 0.08 |
| EUR	EUROPEAN UNION 3.50000% 11-04.06.21 | 450 000.00 | 456 210.00 | 0.08 |
| EUR	EXPORT-IMPORT BANK OF KOREA-REG-S 0.37500% 19-26.03.24 | 700 000.00 | 711 375.00 | 0.13 |
| EUR	INSTITUTO DE CREDITO OFICIAL-REG-S 0.50000% 16-26.10.23 | 370 000.00 | 379 109.40 | 0.07 |
| EUR	KREDITANSTALT FUER WIEDERAUFBAU 4.62500% 07-04.01.23 | 750 000.00 | 827 077.50 | 0.15 |
| EUR	LANDESBANK HESSEN-THUERINGEN GZ-REG-S 0.37500% 20-12.05.25 | 800 000.00 | 819 012.80 | 0.15 |
| EUR	LLOYDS BANK PLC-REG-S 0.25000% 19-25.03.24 | 300 000.00 | 306 207.00 | 0.06 |
| EUR	NATIONWIDE BUILDING SOCIETY 4.37500% 07-28.02.22 | 700 000.00 | 736 694.00 | 0.14 |
| EUR	NESTLE HOLDINGS INC-REG-S 0.87500% 17-18.07.25 | 500 000.00 | 522 918.99 | 0.10 |
| EUR	NORDEA MORTGAGE BANK PLC-REG-S 4.00000% 11-10.02.21 | 700 000.00 | 700 700.00 | 0.13 |
| EUR	SKANDINAVISKA ENSKILDA BANKEN AB-REG-S 0.25000% 20-19.05.23 | 586 000.00 | 593 216.01 | 0.11 |
| EUR	SUMITOMO MITSUI BANKING CORP-REG-S 0.26700% 19-18.06.26 | 800 000.00 | 819 168.00 | 0.15 |
| Total EUR |  | 10 797 281.30 | 2.01 |
| Total Medium term notes, fixed rate |  | 10 797 281.30 | 2.01 |
| Medium term notes, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	DEUTSCHE BAHN FINANCE BV-REG-S 0.00000% 16-19.07.21 | 750 000.00 | 751 011.00 | 0.14 |
| EUR	EUROPEAN STABILITY MECHANISM-REG-S 0.00000% 16-18.10.22 | 600 000.00 | 606 661.20 | 0.11 |
| EUR	KREDITANSTALT FUER WIEDERAUFBAU-REG-S 0.00000% 19-02.04.24 | 500 000.00 | 510 527.00 | 0.09 |
| EUR	NESTLE FINANCE INTERNATIONAL-REG-S 0.00000% 20-12.11.24 | 355 000.00 | 357 834.32 | 0.07 |
| Total EUR |  | 2 226 033.52 | 0.41 |
| Total Medium term notes, zero coupon |  | 2 226 033.52 | 0.41 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	BELGIUM, KINGDOM OF-144A-REG-S 2.60000% 14-22.06.24 | 400 000.00 | 445 040.00 | 0.08 |
| EUR	BELGIUM, KINGDOM OF-144A-REG-S 1.00000% 16-22.06.26 | 600 000.00 | 652 624.80 | 0.12 |
| EUR	BNP PARIBAS HOME LOAN COVERED BONDS SFH 3.87500% 11-12.07.21 | 500 000.00 | 509 740.00 | 0.09 |
| EUR	CAISSE D’AMORTIS DE LA DETTE SOC-REG-S 1.37500% 14-25.11.24 | 550 000.00 | 589 744.10 | 0.11 |
| EUR	EUROPEAN FINANCIAL STABILITY FAC-REG-S 0.12500% 17-17.10.23 | 250 000.00 | 255 207.50 | 0.05 |
| EUR	EUROPEAN FINANCIAL STABILITY FAC-REG-S 0.40000% 19-26.01.26 | 350 000.00 | 366 961.70 | 0.07 |
| EUR	FRANCE, REPUBLIC OF OAT 2.25000% 12-25.10.22 | 950 000.00 | 998 451.90 | 0.19 |
| EUR	FRANCE, REPUBLIC OF-OAT 5.50000% 98-25.04.29 | 600 000.00 | 899 058.00 | 0.17 |
| EUR	FRANCE, REPUBLIC OF-OAT 4.25000% 07-25.10.23 | 730 000.00 | 829 774.94 | 0.15 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 3.00000% 12-25.04.22 | 450 000.00 | 470 116.08 | 0.09 |
| EUR	FRANCE, REPUBLIC OF-OAT 1.75000% 13-25.05.23 | 500 000.00 | 528 457.05 | 0.10 |
| EUR	FRANCE, REPUBLIC OF-OAT 1.75000% 14-25.11.24 | 450 000.00 | 491 898.60 | 0.09 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 1.00000% 15-25.11.25 | 440 000.00 | 474 984.40 | 0.09 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.25000% 15-25.11.26 | 300 000.00 | 314 460.00 | 0.06 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 1.00000% 17-25.05.27 | 400 000.00 | 439 444.80 | 0.08 |
| EUR	GERMANY, REPUBLIC OF 1.50000% 13-15.05.23 | 850 000.00 | 894 319.00 | 0.17 |
| EUR	GERMANY, REPUBLIC OF 1.75000% 14-15.02.24 | 600 000.00 | 646 680.00 | 0.12 |
| EUR	GERMANY, REPUBLIC OF 1.00000% 14-15.08.24 | 500 000.00 | 531 920.00 | 0.10 |
| EUR	GERMANY, REPUBLIC OF 0.50000% 15-15.02.25 | 500 000.00 | 526 119.00 | 0.10 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.50000% 16-15.02.26 | 600 000.00 | 638 681.46 | 0.12 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.25000% 19-15.02.29 | 830 000.00 | 890 756.00 | 0.16 |
| EUR	GERMANY, REPUBLIC OF 4.75000% 98-04.07.28 | 400 000.00 | 566 288.00 | 0.10 |
| EUR	JOHNSON & JOHNSON 0.65000% 16-20.05.24 | 500 000.00 | 514 980.00 | 0.10 |
| EUR	NETHERLANDS, KINGDOM OF THE 3.75000% 06-15.01.23 | 850 000.00 | 924 885.00 | 0.17 |
| EUR	NETHERLANDS, KINGDOM OF THE 2.00000% 14-15.07.24 | 350 000.00 | 383 422.20 | 0.07 |
| EUR	NORDRHEIN-WESTFALEN, STATE OF 4.37500% 07-29.04.22 | 700 000.00 | 743 338.40 | 0.14 |
| EUR	RABOBANK NEDERLAND NV-REG-S 0.25000% 19-30.10.26 | 400 000.00 | 406 240.00 | 0.07 |
| EUR	SKANDINAVISKA ENSKILDA BANKEN AB-REG-S 0.37500% 19-09.02.26 | 450 000.00 | 467 849.70 | 0.09 |
| EUR	STADSHYPOTEK AB-REG-S 0.50000% 18-11.07.25 | 700 000.00 | 729 727.60 | 0.14 |
| Total EUR |  | 17 131 170.23 | 3.19 |
| Total Bonds, fixed rate |  | 17 131 170.23 | 3.19 |
| Bonds, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	AUSTRIA, REPUBLIC OF-144A-REG-S 0.00000% 19-15.07.24 | 300 000.00 | 306 963.00 | 0.06 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 16-25.05.22 | 500 000.00 | 504 185.00 | 0.09 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 17-25.03.23 | 700 000.00 | 710 360.00 | 0.13 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 19-25.03.25 | 500 000.00 | 513 500.00 | 0.10 |
| EUR	GERMANY, REPUBLIC OF 0.00000% 19-18.10.24 | 350 000.00 | 360 080.00 | 0.07 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 17-08.04.22 | 400 000.00 | 403 280.80 | 0.08 |

UBS (Lux) Strategy Fund – Balanced (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) |  |
|  |  |  |  |  |
| EUR | NETHERLANDS, KINGDOM OF THE-144A-REG-S 0.00000% 17-15.01.24 | 100 000.00 | 102 186.60 | 0.02 |
| EUR | NRW BANK 0.00000% 17-01.02.22 | 550 000.00 | 553 074.50 | 0.10 |
| EUR | TORONTO DOMINION BANK-REG-S 0.00000% 19-09.02.24 | 710 000.00 | 719 847.70 | 0.13 |
| Total EUR |  |  | 4 173 477.60 | 0.78 |
| Total Bonds, zero coupon |  | 4 173 477.60 | 0.78 |
| Bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	UBS GROUP AG-REG-S 1.250%/VAR 18-17.04.25 | 800 000.00 | 830 256.00 | 0.16 |
| Total EUR |  | 830 256.00 | 0.16 |
| Total Bonds, floating rate |  | 830 256.00 | 0.16 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 2 630 000.00 | 3 063 934.97 | 0.57 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 3 400 000.00 | 3 080 082.47 | 0.57 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.11.27 | 3 370 000.00 | 3 053 880.46 | 0.57 |
| USD	AMERICA, UNITED STATES OF 2.87500% 18-31.05.25 | 340 000.00 | 310 380.48 | 0.06 |
| USD	AMERICA, UNITED STATES OF 2.75000% 14-15.02.24 | 5 000.00 | 4 435.97 | 0.00 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 5 000.00 | 4 136.78 | 0.00 |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 740 000.00 | 621 999.50 | 0.11 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 370 000.00 | 314 449.75 | 0.06 |
| USD	AMERICA, UNITED STATES OF 2.12500% 15-15.05.25 | 2 080 000.00 | 1 842 553.92 | 0.34 |
| USD	AMERICA, UNITED STATES OF 1.75000% 19-15.11.29 | 1 390 000.00 | 1 220 640.59 | 0.23 |
| USD	AMERICA, UNITED STATES OF 0.25000% 20-31.07.25 | 570 000.00 | 466 773.56 | 0.09 |
| Total USD |  | 13 983 268.45 | 2.60 |
| Total Treasury notes, fixed rate |  | 13 983 268.45 | 2.60 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 1 130 000.00 | 1 090 273.59 | 0.20 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 20-15.01.30 | 1 270 000.00 | 1 183 788.56 | 0.22 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 1 125 000.00 | 1 103 022.63 | 0.21 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 1 345 000.00 | 1 345 253.94 | 0.25 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 1 050 000.00 | 1 047 524.23 | 0.20 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 1 000 000.00 | 1 013 749.20 | 0.19 |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 1 100 000.00 | 1 100 338.86 | 0.20 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 995 000.00 | 1 330 418.09 | 0.25 |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 640 000.00 | 1 206 413.64 | 0.22 |
| Total USD |  | 10 420 782.74 | 1.94 |
| Total Treasury notes, floating rate |  | 10 420 782.74 | 1.94 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 60 861 152.84 | 11.33 |

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 | 4 021.00 | 0.04 | 0.00 |
| Total Portugal | 0.04 | 0.00 |
| Total Registered shares | 0.04 | 0.00 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market | 0.04 | 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	1 689 643.00 | 10 130 347.86 | 1.89 |
| USD	ISHRS III PLC-MSCI WORLD SML CAP UCITS ETF-UNHDG USD-ACC	2 134 000.00 | 11 582 513.79 | 2.16 |
| EUR	ISHS IV PUB LTD COMP - ISHS MSCI EMU ESG ETF-EUR-CAP	3 772 231.00 | 21 731 822.79 | 4.05 |
| USD	UBS (IRL) INVESTOR SELECTION PLC - GLOB EMER MKT OPP-I-B USD	13 181.00 | 3 628 566.89 | 0.67 |
| Total Ireland | 47 073 251.33 | 8.77 |
| Luxembourg |  |  |
| EUR	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC	79 613.00 | 11 054 265.05 | 2.06 |
| EUR	UBS (LUX) BOND SICAV - EUR CORP SUSTAINABLE (EUR) U-X-ACC	4 251.00 | 54 107 153.10 | 10.08 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC	908.00 | 15 880 321.34 | 2.96 |
| USD	UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS	174 373.00 | 16 046 507.04 | 2.99 |
| USD	UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC	5 877.37 | 59 516 359.42 | 11.08 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD)-U-X ACC	2 232.00 | 26 755 744.04 | 4.98 |
| EUR	UBS (LUX) EQUITY FUND - EURO COUNTRIES OPPORT U-X-ACC	2 654.00 | 67 148 800.92 | 12.51 |
| USD	UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC	2 910.00 | 32 338 174.42 | 6.02 |
| USD	UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC	887.00 | 29 653 492.74 | 5.52 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL QUANTITATIVE (USD) U-X-ACC	2 171.77 | 30 863 702.67 | 5.75 |

UBS (Lux) Strategy Fund – Balanced (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 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| USD | UBS (LUX) EQUITY SICAV - GLOBAL OPPORTUNITY (USD) U-X-ACC | 3 501.00 | 31 972 063.37 | 5.95 |
| USD | UBS (LUX) INSTITUTIONAL FUND - KEY SEL. GLOBAL EQUITY FA-USD | 1 254.00 | 31 293 560.19 | 5.83 |
| USD | UBS (LUX) INSTITUTIONAL SICAV - EQUITIES GLB (EX USA) PASSIVE XA | 123 385.00 | 11 434 617.79 | 2.13 |
| Total Luxembourg |  | 418 064 762.09 | 77.86 |
| Total Investment funds, open end |  | 465 138 013.42 | 86.63 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  | 465 138 013.42 | 86.63 |
| 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 | -310.00 | -119 040.00 | -0.02 |
| EUR	EURO STOXX 50 INDEX CALL 4000.00000 19.03.21 | -310.00 | -1 550.00 | 0.00 |
| EUR	EURO STOXX 50 INDEX CALL 3650.00000 19.03.21 | 310.00 | 122 140.00 | 0.02 |
| Total EUR |  | 1 550.00 | 0.00 |
| Total Options on indices, classic-styled |  | 1 550.00 | 0.00 |
| Total Derivative instruments listed on an official stock exchange |  | 1 550.00 | 0.00 |
| Total investments in securities |  | 526 000 716.30 | 97.96 |
| Derivative instruments |  |  |  |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Financial Futures on bonds |  |  |  |
|  |  |  |  |
| EUR	EURO-BOBL FUTURE 08.03.21 | -17.00 | -2 890.00 | 0.00 |
| USD	US LONG BOND FUTURE 22.03.21 | 74.00 | -352 138.04 | -0.07 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.21 | -208.00 | 1 337.64 | 0.00 |
| Total Financial Futures on bonds |  | -353 690.40 | -0.07 |
| Financial Futures on Indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.03.21 | -191.00 | 159 275.00 | 0.03 |
| CHF	SWISS MARKET INDEX FUTURE 19.03.21 | 60.00 | 113 252.06 | 0.02 |
| GBP	FTSE 100 INDEX FUTURE 19.03.21 | 353.00 | -649 989.62 | -0.12 |
| SEK	OMX 30 INDEX FUTURE 19.02.21 | -90.00 | 11 862.72 | 0.00 |
| USD	S&P500 EMINI FUTURE 19.03.21 | -177.00 | 53 403.57 | 0.01 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 19.03.21 | 145.00 | -64 211.05 | -0.01 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 11.03.21 | 43.00 | 382 172.25 | 0.07 |
| AUD	SPI 200 INDEX FUTURES 18.03.21 | -30.00 | 29 839.96 | 0.01 |
| CAD	S&P/TSX 60 INDEX FUTURE 18.03.21 | -33.00 | 20 497.77 | 0.00 |
| HKD	HANG SENG INDEX FUTURE 25.02.21 | -11.00 | 88 862.68 | 0.02 |
| Total Financial Futures on Indices |  | 144 965.34 | 0.03 |
| Total Derivative instruments listed on an official stock exchange |  | -208 725.06 | -0.04 |
| Total Derivative instruments |  | -208 725.06 | -0.04 |
| Forward Foreign Exchange contracts |  |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| EUR | 328 657.69 | USD | 390 000.00 | 4.2.2021 | 7 667.39 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| GBP | 200 000.00 | EUR | 222 591.23 | 4.2.2021 | 3 455.08 | 0.00 |
| GBP | 13 390 647.35 | EUR | 14 904 961.64 | 4.2.2021 | 229 570.15 | 0.04 |
| EUR | 115 142 425.22 | USD | 136 922 064.00 | 4.2.2021 | 2 448 440.86 | 0.46 |
| EUR | 1 173 592.92 | DKK | 8 740 000.00 | 4.2.2021 | -1 501.38 | 0.00 |
| EUR | 2 870 417.91 | CHF | 3 100 197.73 | 4.2.2021 | 1 829.10 | 0.00 |
| EUR | 937 387.56 | CAD | 1 457 645.16 | 4.2.2021 | -1 770.31 | 0.00 |
| SGD | 3 035 000.00 | EUR | 1 899 527.21 | 4.2.2021 | -17 276.65 | 0.00 |
| EUR | 3 012 108.60 | AUD | 4 889 652.28 | 4.2.2021 | -75 702.05 | -0.01 |
| EUR | 401 810.93 | NOK | 4 317 827.75 | 4.2.2021 | -13 694.96 | 0.00 |
| EUR | 953 883.11 | SEK | 9 755 469.37 | 4.2.2021 | -9 984.60 | 0.00 |
| EUR | 3 470 787.93 | HKD | 31 997 600.00 | 4.2.2021 | 74 332.61 | 0.02 |
| EUR | 20 289.27 | NZD | 35 000.00 | 4.2.2021 | -471.81 | 0.00 |
| JPY | 592 235 541.00 | EUR | 4 779 928.58 | 4.2.2021 | -123 979.03 | -0.02 |
| EUR | 144 719.66 | CAD | 225 000.00 | 4.2.2021 | -247.39 | 0.00 |
| GBP | 820 000.00 | EUR | 914 806.93 | 4.2.2021 | 11 982.92 | 0.00 |
| USD | 590 000.00 | EUR | 495 995.47 | 4.2.2021 | -10 394.77 | 0.00 |
| JPY | 39 000 000.00 | EUR | 314 147.77 | 4.2.2021 | -7 543.35 | 0.00 |
| USD | 270 000.00 | EUR | 227 138.13 | 4.2.2021 | -4 914.08 | 0.00 |
| GBP | 190 000.00 | EUR | 213 310.34 | 4.2.2021 | 1 433.65 | 0.00 |
| JPY | 16 000 000.00 | EUR | 128 686.26 | 4.2.2021 | -2 899.83 | 0.00 |
| EUR | 139 051.12 | AUD | 225 000.00 | 4.2.2021 | -3 036.16 | 0.00 |
| CHF | 140 000.00 | EUR | 129 524.09 | 4.2.2021 | 16.82 | 0.00 |
| EUR | 111 717.49 | GBP | 100 000.00 | 4.2.2021 | -1 305.66 | 0.00 |
| JPY | 15 000 000.00 | EUR | 120 049.08 | 4.2.2021 | -2 124.30 | 0.00 |
| CHF | 180 000.00 | EUR | 166 219.41 | 4.2.2021 | 333.19 | 0.00 |
| USD | 420 000.00 | EUR | 346 837.99 | 4.2.2021 | -1 156.13 | 0.00 |
| GBP | 20 000.00 | EUR | 22 048.53 | 4.2.2021 | 556.10 | 0.00 |
| CAD | 1 670 000.00 | JPY | 136 057 572.00 | 4.2.2021 | 6 340.72 | 0.00 |
| NOK | 17 250 000.00 | USD | 1 954 147.21 | 4.2.2021 | 51 611.77 | 0.01 |

UBS (Lux) Strategy Fund – Balanced (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
| AUD | 2 620 000.00 | JPY | 205 429 843.00 | 4.2.2021 | 39 511.37 | 0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| AUD | 280 000.00 | EUR | 173 743.94 | 4.2.2021 | 3 075.79 | 0.00 |
| CAD | 280 000.00 | EUR | 180 287.26 | 4.2.2021 | 116.18 | 0.00 |
| HKD | 3 950 000.00 | EUR | 419 172.46 | 4.2.2021 | 108.94 | 0.00 |
| SEK | 3 700 000.00 | EUR | 362 241.96 | 4.2.2021 | 3 328.41 | 0.00 |
| EUR | 5 257 056.49 | USD | 6 390 000.00 | 4.2.2021 | -2 246.06 | 0.00 |
| EUR | 5 889 328.70 | GBP | 5 365 000.00 | 4.2.2021 | -174 363.44 | -0.03 |
| USD | 450 000.00 | EUR | 369 594.98 | 4.2.2021 | 778.44 | 0.00 |
| USD | 2 940 000.00 | EUR | 2 411 454.90 | 4.2.2021 | 8 318.10 | 0.00 |
| USD | 2 370 000.00 | EUR | 1 934 043.41 | 4.2.2021 | 16 589.93 | 0.00 |
| USD | 3 600 000.00 | EUR | 2 935 901.20 | 4.2.2021 | 27 086.15 | 0.01 |
| EUR | 332 777.23 | GBP | 300 000.00 | 4.2.2021 | -6 292.23 | 0.00 |
| GBP | 280 000.00 | EUR | 305 014.22 | 4.2.2021 | 11 450.61 | 0.00 |
| USD | 390 000.00 | EUR | 318 528.56 | 4.2.2021 | 2 461.74 | 0.00 |
| EUR | 295 549.21 | CHF | 320 000.00 | 4.2.2021 | -544.30 | 0.00 |
| GBP | 320 000.00 | EUR | 353 191.53 | 4.2.2021 | 8 482.56 | 0.00 |
| CHF | 50 000.00 | EUR | 46 076.07 | 4.2.2021 | 188.54 | 0.00 |
| CHF | 100 000.00 | EUR | 92 261.53 | 4.2.2021 | 267.69 | 0.00 |
| EUR | 31 487.84 | HKD | 300 000.00 | 19.3.2021 | -328.88 | 0.00 |
| EUR | 31 514.06 | HKD | 300 000.00 | 4.2.2021 | -330.10 | 0.00 |
| GBP | 9 402 201.03 | EUR | 10 396 432.68 | 19.3.2021 | 222 733.96 | 0.04 |
| EUR | 105 789 949.76 | USD | 130 800 672.16 | 19.3.2021 | -1 765 881.78 | -0.33 |
| EUR | 1 614 330.30 | CHF | 1 744 824.69 | 19.3.2021 | -615.39 | 0.00 |
| EUR | 792 923.45 | CAD | 1 240 129.90 | 19.3.2021 | -5 426.55 | 0.00 |
| SGD | 2 406 000.00 | EUR | 1 478 568.14 | 19.3.2021 | 12 181.55 | 0.00 |
| EUR | 1 463 634.73 | AUD | 2 314 728.08 | 19.3.2021 | 2 883.83 | 0.00 |
| EUR | 29 560.58 | NZD | 50 000.00 | 19.3.2021 | -70.69 | 0.00 |
| EUR | 583 554.13 | SEK | 5 875 603.48 | 19.3.2021 | 3 303.23 | 0.00 |
| NOK | 12 864 215.13 | EUR | 1 237 921.48 | 19.3.2021 | -1 272.91 | 0.00 |
| JPY | 317 979 481.00 | EUR | 2 503 377.27 | 19.3.2021 | -4 766.95 | 0.00 |
| EUR | 1 178 024.12 | DKK | 8 764 000.00 | 19.3.2021 | -123.95 | 0.00 |
| EUR | 2 927 393.14 | HKD | 28 058 492.40 | 19.3.2021 | -48 370.81 | -0.01 |
| EUR | 379 542.57 | USD | 465 000.00 | 4.2.2021 | -3 176.63 | 0.00 |
| EUR | 379 181.08 | USD | 465 000.00 | 19.3.2021 | -3 182.87 | 0.00 |
| EUR | 854 680.05 | USD | 1 050 000.00 | 4.2.2021 | -9 524.59 | 0.00 |
| EUR | 853 871.80 | USD | 1 050 000.00 | 19.3.2021 | -9 530.67 | 0.00 |
| EUR | 29 751.85 | SEK | 300 000.00 | 19.3.2021 | 125.06 | 0.00 |
| EUR | 29 767.44 | SEK | 300 000.00 | 4.2.2021 | 126.60 | 0.00 |
| USD | 16 967 100.00 | EUR | 13 941 134.86 | 18.2.2021 | 19 559.89 | 0.00 |
| USD | 377 500.00 | EUR | 310 698.23 | 18.2.2021 | -87.56 | 0.00 |
| EUR | 339 147.66 | CHF | 365 000.00 | 4.2.2021 | 1 416.00 | 0.00 |
| EUR | 339 244.33 | CHF | 365 000.00 | 19.3.2021 | 1 413.73 | 0.00 |
| EUR | 2 118 746.10 | USD | 2 565 000.00 | 19.3.2021 | 9 577.21 | 0.00 |
| EUR | 2 120 728.40 | USD | 2 565 000.00 | 4.2.2021 | 9 599.91 | 0.00 |
| HKD | 3 250 000.00 | EUR | 346 633.39 | 4.2.2021 | -1 655.02 | 0.00 |
| GBP | 200 000.00 | EUR | 224 660.89 | 4.2.2021 | 1 385.42 | 0.00 |
| GBP | 190 000.00 | EUR | 213 275.53 | 19.3.2021 | 1 316.95 | 0.00 |
| HKD | 3 250 000.00 | EUR | 346 338.95 | 19.3.2021 | -1 657.82 | 0.00 |
| EUR | 1 031 287.35 | JPY | 129 500 000.00 | 4.2.2021 | 13 203.46 | 0.00 |
| EUR | 1 030 772.99 | JPY | 129 500 000.00 | 19.3.2021 | 13 191.49 | 0.00 |
| EUR | 157 903.32 | SEK | 1 600 000.00 | 4.2.2021 | -181.16 | 0.00 |
| EUR | 157 820.22 | SEK | 1 600 000.00 | 19.3.2021 | -189.33 | 0.00 |
| EUR | 175 065.65 | CAD | 270 000.00 | 19.3.2021 | 1 249.58 | 0.00 |
| EUR | 175 208.25 | CAD | 270 000.00 | 4.2.2021 | 1 247.79 | 0.00 |
| EUR | 125 601.72 | NOK | 1 300 000.00 | 4.2.2021 | 502.32 | 0.00 |
| EUR | 125 452.20 | NOK | 1 300 000.00 | 19.3.2021 | 482.03 | 0.00 |
| EUR | 314 055.91 | GBP | 280 000.00 | 19.3.2021 | -2 185.64 | 0.00 |
| EUR | 314 280.45 | GBP | 280 000.00 | 4.2.2021 | -2 184.38 | 0.00 |
| EUR | 12 829.54 | USD | 15 500.00 | 18.2.2021 | 75.99 | 0.00 |
| INR | 320 690 000.00 | USD | 4 349 164.59 | 26.3.2021 | 16 028.69 | 0.00 |
| IDR | 63 129 350 000.00 | USD | 4 458 917.22 | 26.3.2021 | 18 246.92 | 0.00 |
| RUB | 191 840 000.00 | USD | 2 583 581.92 | 26.3.2021 | -46 156.67 | -0.01 |
| USD | 4 523 586.60 | TWD | 125 620 000.00 | 26.3.2021 | 8 337.09 | 0.00 |
| JPY | 4 000 000.00 | EUR | 31 920.91 | 4.2.2021 | -474.30 | 0.00 |
| JPY | 4 000 000.00 | EUR | 31 904.64 | 19.3.2021 | -473.55 | 0.00 |
| EUR | 58 636.89 | HKD | 550 000.00 | 4.2.2021 | 255.94 | 0.00 |
| EUR | 58 587.13 | HKD | 550 000.00 | 19.3.2021 | 256.48 | 0.00 |
| EUR | 552 972.55 | USD | 671 500.00 | 18.2.2021 | 455.83 | 0.00 |
| JPY | 50 000 000.00 | EUR | 395 678.56 | 4.2.2021 | -2 595.98 | 0.00 |
| JPY | 50 000 000.00 | EUR | 395 472.94 | 19.3.2021 | -2 584.33 | 0.00 |
| GBP | 170 000.00 | EUR | 190 761.10 | 4.2.2021 | 1 378.26 | 0.00 |
| USD | 320 000.00 | EUR | 262 521.88 | 19.3.2021 | 610.30 | 0.00 |
| USD | 330 000.00 | EUR | 270 980.90 | 4.2.2021 | 626.27 | 0.00 |
| GBP | 170 000.00 | EUR | 190 623.99 | 19.3.2021 | 1 379.81 | 0.00 |
| EUR | 225 345.96 | USD | 273 700.00 | 18.2.2021 | 142.94 | 0.00 |
| CHF | 200 000.00 | EUR | 185 351.31 | 19.3.2021 | -238.65 | 0.00 |
| CHF | 210 000.00 | EUR | 194 561.00 | 4.2.2021 | -249.64 | 0.00 |
| EUR | 395 976.88 | GBP | 350 000.00 | 4.2.2021 | 395.85 | 0.00 |
| EUR | 395 693.05 | GBP | 350 000.00 | 19.3.2021 | 391.11 | 0.00 |
| USD | 710 000.00 | EUR | 585 638.98 | 4.2.2021 | -1 272.03 | 0.00 |
| USD | 700 000.00 | EUR | 576 862.38 | 19.3.2021 | -1 260.73 | 0.00 |
| Total Forward Foreign Exchange contracts | 945 918.25 | 0.18 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 8 834 905.68 | 1.65 |
| Bank overdraft and other short-term liabilities | -217 320.21 | -0.04 |
| Other assets and liabilities | 1 614 358.36 | 0.29 |
| Total net assets | 536 969 853.32 | 100.00 |

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

Translation (ENFR, 2021-01-31):
# UBS (Lux) Strategy Fund – Balanced (EUR)
| Comparaison sur trois ans |  |
| --- | --- |
|  | ISIN | 31.1.2021 | 31.1.2020 | 31.1.2019 |
| Actif net en EUR |  | 536 969 853.32 | 651 245 727.44 | 724 729 880.00 |
| Catégorie I-A2-acc | LU1100168837 |  |  |  |
| Parts en circulation |  | 120 339.8460 | 120 340.8400 | 105 609.7880 |
| Valeur nette d’inventaire par part en EUR |  | 128.28 | 122.46 | 113.47 |
| Prix d’émission et de rachat par part en EUR 1 |  | 128.28 | 122.46 | 113.47 |
| Catégorie K-1-acc | LU0886758357 |  |  |  |
| Parts en circulation |  | 7.2000 | 11.9000 | 10.4000 |
| Valeur nette d’inventaire par part en EUR |  | 4 252 661.95 | 4 075 418.03 | 3 791 007.52 |
| Prix d’émission et de rachat par part en EUR 1 |  | 4 252 661.95 | 4 075 418.03 | 3 791 007.52 |
| Catégorie N-acc | LU0167295749 |  |  |  |
| Parts en circulation |  | 2 390 514.7330 | 2 896 060.4240 | 3 553 111.5080 |
| Valeur nette d’inventaire par part en EUR |  | 18.09 | 17.48 | 16.40 |
| Prix d’émission et de rachat par part en EUR 1 |  | 18.09 | 17.48 | 16.40 |
| Catégorie (CAD hedged) P-4%-mdist 2 | LU1195739633 |  |  |  |
| Parts en circulation |  | - | 7 068.1100 | 13 313.6130 |
| Valeur nette d’inventaire par part en CAD |  | - | 957.95 | 914.33 |
| Prix d’émission et de rachat par part en CAD 1 |  | - | 957.95 | 914.33 |
| Catégorie (GBP hedged) P-4%-mdist 3 | LU1195739716 |  |  |  |
| Parts en circulation |  | - | 5 107.5460 | 6 748.0010 |
| Valeur nette d’inventaire par part en GBP |  | - | 937.09 | 901.76 |
| Prix d’émission et de rachat par part en GBP 1 |  | - | 937.09 | 901.76 |
| Catégorie (HKD hedged) P-4%-mdist 4 | LU1240811817 |  |  |  |
| Parts en circulation |  | - | - | 2 945.8370 |
| Valeur nette d’inventaire par part en HKD |  | - | - | 9 396.22 |
| Prix d’émission et de rachat par part en HKD 1 |  | - | - | 9 396.22 |
| Catégorie (SGD hedged) P-4%-mdist 2 | LU1227825145 |  |  |  |
| Parts en circulation |  | - | 3 883.8280 | 9 850.9300 |
| Valeur nette d’inventaire par part en SGD |  | - | 975.00 | 929.20 |
| Prix d’émission et de rachat par part en SGD 1 |  | - | 975.00 | 929.20 |
| Catégorie (USD hedged) P-4%-mdist | LU1107510445 |  |  |  |
| Parts en circulation |  | 9 408.6570 | 15 743.4290 | 32 509.5370 |
| Valeur nette d’inventaire par part en USD |  | 1 034.78 | 1 022.29 | 968.92 |
| Prix d’émission et de rachat par part en USD 1 |  | 1 034.78 | 1 022.29 | 968.92 |
| Catégorie P-acc | LU0049785446 |  |  |  |
| Parts en circulation |  | 119 644.0260 | 138 957.6400 | 162 634.1220 |
| Valeur nette d’inventaire par part en EUR |  | 2 864.16 | 2 761.80 | 2 585.03 |
| Prix d’émission et de rachat par part en EUR 1 |  | 2 864.16 | 2 761.80 | 2 585.03 |
| Catégorie P-C-dist | LU0108564344 |  |  |  |
| Parts en circulation |  | 6 219.7650 | 6 606.1280 | 6 772.5310 |
| Valeur nette d’inventaire par part en EUR |  | 117.72 | 114.93 | 108.63 |
| Prix d’émission et de rachat par part en EUR 1 |  | 117.72 | 114.93 | 108.63 |
| Catégorie P-dist | LU0049785362 |  |  |  |
| Parts en circulation |  | 26 216.3410 | 37 433.1120 | 37 449.1370 |
| Valeur nette d’inventaire par part en EUR |  | 1 763.62 | 1 723.79 | 1 629.28 |
| Prix d’émission et de rachat par part en EUR 1 |  | 1 763.62 | 1 723.79 | 1 629.28 |
| Catégorie P-mdist | LU1008478924 |  |  |  |
| Parts en circulation |  | 1 750.1030 | 4 355.3260 | 21 319.0570 |
| Valeur nette d’inventaire par part en EUR |  | 1 021.25 | 999.01 | 949.19 |
| Prix d’émission et de rachat par part en EUR 1 |  | 1 021.25 | 999.01 | 949.19 |
| Catégorie (USD hedged) P-mdist | LU1008479062 |  |  |  |
| Parts en circulation |  | 5 795.8680 | 8 624.8830 | 15 329.9330 |
| Valeur nette d’inventaire par part en USD |  | 1 118.66 | 1 090.94 | 1 033.94 |
| Prix d’émission et de rachat par part en USD 1 |  | 1 118.66 | 1 090.94 | 1 033.94 |
| Catégorie Q-acc | LU0941351172 |  |  |  |
| Parts en circulation |  | 273 437.7780 | 322 688.9220 | 339 153.5770 |
| Valeur nette d’inventaire par part en EUR |  | 134.27 | 128.61 | 119.58 |
| Prix d’émission et de rachat par part en EUR 1 |  | 134.27 | 128.61 | 119.58 |
| Catégorie Q-C-dist | LU1240797990 |  |  |  |
| Parts en circulation |  | 1 389.1760 | 3 081.6200 | 4 047.6830 |
| Valeur nette d’inventaire par part en EUR |  | 119.21 | 116.12 | 109.76 |
| Prix d’émission et de rachat par part en EUR 1 |  | 119.21 | 116.12 | 109.76 |
| Catégorie Q-dist | LU1240798022 |  |  |  |
| Parts en circulation | 52 208.9020 | 55 826.9320 | 59 379.5730 |
| Valeur nette d’inventaire par part en EUR | 114.99 | 112.39 | 106.23 |
| Prix d’émission et de rachat par part en EUR 1 | 114.99 | 112.39 | 106.23 |
| 1  Voir note 1 2  Les catégories de parts (CAD hedged) P-4%-mdist et (SGD hedged) P-4%-mdist étaient en circulation jusqu’au 23.4.2020 3  La catégorie de parts (GBP hedged) P-4%-mdist était en circulation jusqu’au 15.12.2020 4  La catégorie de parts (HKD hedged) P-4%-mdist était en circulation jusqu’au 20.2.2019 |  |  |  |

UBS (Lux) Strategy Fund – Balanced (EUR) Rapport annuel et états financiers révisés au 31 janvier 2021
| Performance |  |
| --- | --- |
|  | Devise | 2020/2021 | 2019/2020 | 2018/2019 |
| Catégorie I-A2-acc | EUR | 4.8% | 7.9% | -4.7% |
| Catégorie K-1-acc | EUR | 4.3% | 7.5% | -5.1% |
| Catégorie N-acc | EUR | 3.5% | 6.6% | -6.0% |
| Catégorie (CAD hedged) P-4%-mdist 1 | CAD | - | 9.0% | -4.0% |
| Catégorie (GBP hedged) P-4%-mdist 2 | GBP | - | 8.2% | -4.7% |
| Catégorie (HKD hedged) P-4%-mdist 3 | HKD | - | - | -4.0% |
| Catégorie (SGD hedged) P-4%-mdist 1 | SGD | - | 9.2% | -3.8% |
| Catégorie (USD hedged) P-4%-mdist | USD | 5.3% | 9.8% | -3.2% |
| Catégorie P-acc | EUR | 3.7% | 6.8% | -5.7% |
| Catégorie P-C-dist | EUR | 3.7% | 6.8% | -5.7% |
| Catégorie P-dist | EUR | 3.7% | 6.8% | -5.7% |
| Catégorie P-mdist | EUR | 3.7% | 6.8% | -5.7% |
| Catégorie (USD hedged) P-mdist | USD | 5.3% | 9.8% | -3.1% |
| Catégorie Q-acc | EUR | 4.4% | 7.6% | -5.1% |
| Catégorie Q-C-dist | EUR | 4.4% | 7.6% | -5.1% |
| Catégorie Q-dist | EUR | 4.4% | 7.6% | -5.1% |

1 
Les catégories de parts (CAD hedged) P-4%-mdist et (SGD hedged) P-4%-mdist étaient en circulation jusqu’au 23.4.2020. Dès lors, aucune donnée n’est disponible pour calculer la performance.
2 
La catégorie de parts (GBP hedged) P-4%-mdist était en circulation jusqu’au 15.12.2020. Dès lors, aucune donnée n’est disponible pour calculer la performance.
3 
La catégorie de parts (HKD hedged) P-4%-mdist était en circulation jusqu’au 20.2.2019. Dès lors, aucune donnée n’est disponible pour calculer la performance.
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.
En raison de sa nature équilibrée, la stratégie a bien ré- sisté aux débuts difficiles de 2020. La réaction ultérieure a permis de récupérer les pertes.
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	62.48
Total	97.96
EUR	35.48
Répartition selon les instruments de placement en % de l’actif net	
Fonds d’investissement, ouvert	86.63
Obligations, taux fixe	3.19
Bons du Trésor à moyen terme, taux fixe	2.60
Medium-Term Notes, taux fixe	2.01
Bons du Trésor à moyen terme, taux variable	1.94
Obligations, coupon zéro	0.78
Medium-Term Notes, coupon zéro	0.41
Billets, taux fixe	0.24
Obligations, taux variable	0.16
Total	97.96
UBS (Lux) Strategy Fund – Balanced (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	440 840 053.14
| Portefeuille-titres, plus-/(moins)-value non réalisée | 	85 160 663.16	 |
| --- | --- |
| Total du Portefeuille-titres (note 1) | 526 000 716.30 |
| Avoirs en banque, dépôts à vue et à terme | 1 699 249.45 |
| Autres liquidités (marges) | 7 135 656.23 |
| Créances sur achats de titres (note 1) | 1 957 873.10 |
| Créances sur souscriptions | 199 416.03 |
| Intérêts à recevoir sur titres | 386 750.56 |
| Intérêts à recevoir sur liquidités | 1 280.04 |
| Autres créances | 1 850.24 |
| Bénéfice non réalisé(e) sur contrats de change à terme (note 1) | 945 918.25 |
| Total de l’Actif | 538 328 710.20 |
|  |  |
| Passif |  |
| Perte non réalisé(e) sur contrats financiers à terme (note 1) | -208 725.06 |
| Crédit en compte courant | -217 320.21 |
| Intérêts à payer sur crédit en compte courant | -67.34 |
| Engagements sur rachats | -564 495.40 |
| Provisions pour commission de gestion forfaitaire (note 2) | -318 576.57 |
| Provisions pour taxe d’abonnement (note 3) | -4 612.68 |
| Provisions pour autres commissions et frais (note 2) | 	-45 059.62	 |
| Total des Provisions pour frais | -368 248.87 |
| Total du Passif | -1 358 856.88 |
|  |  |
| Actif net à la fin de l’exercice | 536 969 853.32 |
| Etat des opérations | EUR |
| Revenus | 1.2.2020-31.1.2021 |
| Revenus d’intérêts sur liquidités | 5 744.49 |
| Intérêts sur titres | 977 484.52 |
| Dividendes | 872 161.97 |
| Revenus d’intérêts sur swaps (note 1) | 36 678.11 |
| Revenus sur prêts de titres (note 15) | 36 772.03 |
| Autres revenus (note 4) | 187 127.84 |
| Total des Revenus | 2 115 968.96 |
|  |  |
| Charges |  |
| Charges d’intérêts sur swaps (note 1) | -11 080.41 |
| Commission de gestion forfaitaire (note 2) | -8 278 869.02 |
| Taxe d’abonnement (note 3) | -50 322.31 |
| Frais sur prêts de titres (note 15) | -14 708.81 |
| Autres commissions et frais (note 2) | -70 669.20 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -59 392.07 |
| Total des Charges | -8 485 041.82 |
|  |  |
| Revenus/pertes net(te)s de placements | -6 369 072.86 |
|  |  |
| Bénéfices/(pertes) réalisé(e)s (note 1) |  |
| Bénéfice/(perte) réalisé(e) sur titres évalués à la valeur de marché hors options | 46 693 226.70 |
| Bénéfice/perte réalisé(e) sur options | 3 081 533.27 |
| Bénéfice/(perte) réalisé(e) sur instruments du marché monétaire et titres évalués en fonction des rendements | -24 780.75 |
| Bénéfice/perte réalisé(e) sur contrats financiers à terme | -11 821 921.04 |
| Bénéfice/(perte) réalisé(e) sur contrats de change à terme | 15 267 753.58 |
| Bénéfice/(perte) réalisé(e) sur swaps | 206 514.38 |
| Bénéfice/(perte) de change réalisé(e) | -5 110 504.87 |
| Total des Bénéfices/(pertes) réalisé(e)s | 48 291 821.27 |
|  |  |
| Bénéfice/(perte) net(te) réalisé(e) au cours de l’exercice | 41 922 748.41 |
|  |  |
| 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 | -37 545 292.42 |
| Plus-/(moins)-value non réalisée sur options | -45 325.00 |
| Plus-/(moins)-value non réalisée sur instruments du marché monétaire et titres évalués en fonction des rendements | 849.21 |
| Plus-/(moins)-value non réalisée sur contrats financiers à terme | 1 975 655.72 |
| Plus-/(moins)-value non réalisée sur contrats de change à terme | 1 831 148.82 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | -33 782 963.67 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 8 139 784.74 |

UBS (Lux) Strategy Fund – Balanced (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 | 651 245 727.44 |
| Souscriptions | 26 972 924.84 |
| Rachats | 	-147 771 368.57	 |
| Total des Entrées/(sorties) de capitaux | -120 798 443.73 |
| Dividendes versés | -1 617 215.13 |
| Revenus/pertes net(te)s de placements | -6 369 072.86 |
| Total des Bénéfices/(pertes) réalisé(e)s | 48 291 821.27 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 	-33 782 963.67	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 8 139 784.74 |
| Actif net à la fin de l’exercice | 536 969 853.32 |
| Evolution des parts en circulation |  |
|  | 1.2.2020-31.1.2021 |
| Catégorie | I-A2-acc |
| Nombre de parts en circulation au début de l’exercice | 120 340.8400 |
| Nombre de parts émises | 0.0000 |
| Nombre de parts rachetées | -0.9940 |
| Nombre de parts en circulation à la fin de l’exercice | 120 339.8460 |
| Catégorie | K-1-acc |
| Nombre de parts en circulation au début de l’exercice | 11.9000 |
| Nombre de parts émises | 0.5000 |
| Nombre de parts rachetées | -5.2000 |
| Nombre de parts en circulation à la fin de l’exercice | 7.2000 |
| Catégorie | N-acc |
| Nombre de parts en circulation au début de l’exercice | 2 896 060.4240 |
| Nombre de parts émises | 39 515.5290 |
| Nombre de parts rachetées | -545 061.2200 |
| Nombre de parts en circulation à la fin de l’exercice | 2 390 514.7330 |
| Catégorie | (CAD hedged) P-4%-mdist |
| Nombre de parts en circulation au début de l’exercice | 7 068.1100 |
| Nombre de parts émises | 0.0000 |
| Nombre de parts rachetées | -7 068.1100 |
| Nombre de parts en circulation à la fin de l’exercice | 0.0000 |
| Catégorie | (GBP hedged) P-4%-mdist |
| Nombre de parts en circulation au début de l’exercice | 5 107.5460 |
| Nombre de parts émises | 46.4360 |
| Nombre de parts rachetées | -5 153.9820 |
| Nombre de parts en circulation à la fin de l’exercice | 0.0000 |
| Catégorie | (SGD hedged) P-4%-mdist |
| Nombre de parts en circulation au début de l’exercice | 3 883.8280 |
| Nombre de parts émises | 0.0000 |
| Nombre de parts rachetées | -3 883.8280 |
| Nombre de parts en circulation à la fin de l’exercice | 0.0000 |
| Catégorie | (USD hedged) P-4%-mdist |
| Nombre de parts en circulation au début de l’exercice | 15 743.4290 |
| Nombre de parts émises | 491.8400 |
| Nombre de parts rachetées | -6 826.6120 |
| Nombre de parts en circulation à la fin de l’exercice | 9 408.6570 |
| Catégorie | P-acc |
| Nombre de parts en circulation au début de l’exercice | 138 957.6400 |
| Nombre de parts émises | 7 382.2300 |
| Nombre de parts rachetées | -26 695.8440 |
| Nombre de parts en circulation à la fin de l’exercice | 119 644.0260 |
| Catégorie | P-C-dist |
| Nombre de parts en circulation au début de l’exercice | 6 606.1280 |
| Nombre de parts émises | 307.1790 |
| Nombre de parts rachetées | -693.5420 |
| Nombre de parts en circulation à la fin de l’exercice | 6 219.7650 |
| Catégorie | P-dist |
| Nombre de parts en circulation au début de l’exercice | 37 433.1120 |
| Nombre de parts émises | 1 155.9500 |
| Nombre de parts rachetées | -12 372.7210 |
| Nombre de parts en circulation à la fin de l’exercice | 26 216.3410 |
| Catégorie | P-mdist |
| Nombre de parts en circulation au début de l’exercice | 4 355.3260 |
| Nombre de parts émises | 60.0000 |
| Nombre de parts rachetées | -2 665.2230 |
| Nombre de parts en circulation à la fin de l’exercice | 1 750.1030 |
| Catégorie | (USD hedged) P-mdist |
| Nombre de parts en circulation au début de l’exercice | 8 624.8830 |
| Nombre de parts émises | 0.0000 |
| Nombre de parts rachetées | -2 829.0150 |
| Nombre de parts en circulation à la fin de l’exercice | 5 795.8680 |

UBS (Lux) Strategy Fund – Balanced (EUR)
Rapport annuel et états financiers révisés au 31 janvier 2021
| Catégorie |  |  | Q-acc |
| --- | --- | --- | --- |
| Nombre de parts en circulation au début de l’exercice |  |  | 322 688.9220 |
| Nombre de parts émises |  |  | 12 837.4010 |
| Nombre de parts rachetées |  |  | -62 088.5450 |
| Nombre de parts en circulation à la fin de l’exercice |  |  | 273 437.7780 |
| Catégorie |  |  | Q-C-dist |
| Nombre de parts en circulation au début de l’exercice |  |  | 3 081.6200 |
| Nombre de parts émises |  |  | 59.1760 |
| Nombre de parts rachetées |  |  | -1 751.6200 |
| Nombre de parts en circulation à la fin de l’exercice |  |  | 1 389.1760 |
| Catégorie |  |  | Q-dist |
| Nombre de parts en circulation au début de l’exercice |  |  | 55 826.9320 |
| Nombre de parts émises |  |  | 1 599.9830 |
| Nombre de parts rachetées |  |  | -5 218.0130 |
| Nombre de parts en circulation à la fin de l’exercice |  |  | 52 208.9020 |
| Distribution annuelle 1 |  |  |  |
| UBS (Lux) Strategy Fund – Balanced (EUR)	Date de détachement | Date de versement | Devise | Montant par part |
| P-C-dist	1.4.2020 | 6.4.2020 | EUR | 1.18 |
| P-dist	1.4.2020 | 6.4.2020 | EUR | 19.27 |
| Q-C-dist	1.4.2020 | 6.4.2020 | EUR | 1.61 |
| Q-dist	1.4.2020 | 6.4.2020 | EUR | 1.87 |
| Distribution mensuelle 1 |  |  |  |
| UBS (Lux) Strategy Fund – Balanced (EUR)	Date de détachement | Date de versement | Devise | Montant par part |
| (CAD hedged) P-4%-mdist	10.2.2020 | 13.2.2020 | CAD | 3.19 |
| (CAD hedged) P-4%-mdist	10.3.2020 | 13.3.2020 | CAD | 3.05 |
| (CAD hedged) P-4%-mdist	14.4.2020 | 17.4.2020 | CAD | 2.68 |
| (GBP hedged) P-4%-mdist	10.2.2020 | 13.2.2020 | GBP | 3.12 |
| (GBP hedged) P-4%-mdist	10.3.2020 | 13.3.2020 | GBP | 2.98 |
| (GBP hedged) P-4%-mdist	14.4.2020 | 17.4.2020 | GBP | 2.60 |
| (GBP hedged) P-4%-mdist	11.5.2020 | 14.5.2020 | GBP | 2.77 |
| (GBP hedged) P-4%-mdist	10.6.2020 | 15.6.2020 | GBP | 2.83 |
| (GBP hedged) P-4%-mdist	10.7.2020 | 15.7.2020 | GBP | 2.88 |
| (GBP hedged) P-4%-mdist	10.8.2020 | 13.8.2020 | GBP | 2.91 |
| (GBP hedged) P-4%-mdist	10.9.2020 | 15.9.2020 | GBP | 2.96 |
| (GBP hedged) P-4%-mdist	12.10.2020 | 15.10.2020 | GBP | 2.92 |
| (GBP hedged) P-4%-mdist	10.11.2020 | 13.11.2020 | GBP | 2.87 |
| (GBP hedged) P-4%-mdist	10.12.2020 | 15.12.2020 | GBP | 3.06 |
| (SGD hedged) P-4%-mdist	10.2.2020 | 13.2.2020 | SGD | 3.25 |
| (SGD hedged) P-4%-mdist	10.3.2020 | 13.3.2020 | SGD | 3.11 |
| (SGD hedged) P-4%-mdist	14.4.2020 | 17.4.2020 | SGD | 2.73 |
| (USD hedged) P-4%-mdist	10.2.2020 | 13.2.2020 | USD | 3.40 |
| (USD hedged) P-4%-mdist	10.3.2020 | 13.3.2020 | USD | 3.25 |
| (USD hedged) P-4%-mdist	14.4.2020 | 17.4.2020 | USD | 2.87 |
| (USD hedged) P-4%-mdist	11.5.2020 | 14.5.2020 | USD | 3.05 |
| (USD hedged) P-4%-mdist	10.6.2020 | 15.6.2020 | USD | 3.12 |
| (USD hedged) P-4%-mdist	10.7.2020 | 15.7.2020 | USD | 3.19 |
| (USD hedged) P-4%-mdist	10.8.2020 | 13.8.2020 | USD | 3.21 |
| (USD hedged) P-4%-mdist	10.9.2020 | 15.9.2020 | USD | 3.28 |
| (USD hedged) P-4%-mdist	12.10.2020 | 15.10.2020 | USD | 3.23 |
| (USD hedged) P-4%-mdist	10.11.2020 | 13.11.2020 | USD | 3.18 |
| (USD hedged) P-4%-mdist	10.12.2020 | 15.12.2020 | USD | 3.39 |
| (USD hedged) P-4%-mdist	11.1.2021 | 14.1.2021 | USD | 3.46 |
| P-mdist	17.2.2020 | 20.2.2020 | EUR | 1.08 |
| P-mdist	16.3.2020 | 19.3.2020 | EUR | 1.04 |
| P-mdist	15.4.2020 | 20.4.2020 | EUR | 0.91 |
| P-mdist	15.5.2020 | 20.5.2020 | EUR | 0.97 |
| P-mdist	15.6.2020 | 18.6.2020 | EUR | 0.99 |
| P-mdist	15.7.2020 | 20.7.2020 | EUR | 1.17 |
| P-mdist	17.8.2020 | 20.8.2020 | EUR | 1.20 |
| P-mdist	15.9.2020 | 18.9.2020 | EUR | 1.26 |
| P-mdist	15.10.2020 | 20.10.2020 | EUR | 1.24 |
| P-mdist	16.11.2020 | 19.11.2020 | EUR | 1.22 |
| P-mdist	15.12.2020 | 18.12.2020 | EUR | 1.31 |
| P-mdist	15.1.2021 | 20.1.2021 | EUR | 1.33 |
| 1  Voir note 5 |  |  |  |

UBS (Lux) Strategy Fund – Balanced (EUR) Rapport annuel et états financiers révisés au 31 janvier 2021
| UBS (Lux) Strategy Fund – Balanced (EUR) | Date de détachement | Date de versement | Devise | Montant par part |
| --- | --- | --- | --- | --- |
| (USD hedged) P-mdist | 17.2.2020 | 20.2.2020 | USD | 3.45 |
| (USD hedged) P-mdist | 16.3.2020 | 19.3.2020 | USD | 3.31 |
| (USD hedged) P-mdist | 15.4.2020 | 20.4.2020 | USD | 1.13 |
| (USD hedged) P-mdist | 15.5.2020 | 20.5.2020 | USD | 2.37 |
| (USD hedged) P-mdist | 15.6.2020 | 18.6.2020 | USD | 2.43 |
| (USD hedged) P-mdist | 15.7.2020 | 20.7.2020 | USD | 2.00 |
| (USD hedged) P-mdist | 17.8.2020 | 20.8.2020 | USD | 2.04 |
| (USD hedged) P-mdist | 15.9.2020 | 18.9.2020 | USD | 2.11 |
| (USD hedged) P-mdist | 15.10.2020 | 20.10.2020 | USD | 2.09 |
| (USD hedged) P-mdist | 16.11.2020 | 19.11.2020 | USD | 2.06 |
| (USD hedged) P-mdist | 15.12.2020 | 18.12.2020 | USD | 2.20 |
| (USD hedged) P-mdist | 15.1.2021 | 20.1.2021 | USD | 2.24 |

UBS (Lux) Strategy Fund – Balanced (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 | 450 000.00 | 454 725.00 | 0.08 |
| EUR	CHINA, PEOPLE’S REPUBLIC OF-REG-S 0.25000% 20-25.11.30 | 700 000.00 | 700 000.00 | 0.13 |
| EUR	SWISSCOM FINANCE BV-REG-S 0.37500% 20-14.11.28 | 140 000.00 | 144 158.00 | 0.03 |
| Total EUR |  | 1 298 883.00 | 0.24 |
| Total des Billets, taux fixe |  | 1 298 883.00 | 0.24 |
| Medium-Term Notes, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	AUSTRIA, REPUBLIC OF-144A-REG-S 3.50000% 06-15.09.21 | 250 000.00 | 256 333.00 | 0.05 |
| EUR	COMMONWEALTH BANK OF AUSTRALIA 3.00000% 12-03.05.22 | 700 000.00 | 730 688.00 | 0.14 |
| EUR	CORPORACION ANDINA DE FOMENTO-REG-S 0.50000% 17-25.01.22 | 800 000.00 | 805 740.80 | 0.15 |
| EUR	DEXIA CREDIT LOCAL SA-REG-S 0.25000% 17-02.06.22 | 200 000.00 | 202 160.00 | 0.04 |
| EUR	DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 975 000.00 | 983 275.80 | 0.18 |
| EUR	DNB BOLIGKREDIT A-REG-S 1.87500% 12-21.11.22 | 500 000.00 | 521 795.00 | 0.10 |
| EUR	EUROPEAN INVESTMENT BANK 0.50000% 17-15.01.27 | 400 000.00 | 425 600.00 | 0.08 |
| EUR	EUROPEAN UNION 3.50000% 11-04.06.21 | 450 000.00 | 456 210.00 | 0.08 |
| EUR	EXPORT-IMPORT BANK OF KOREA-REG-S 0.37500% 19-26.03.24 | 700 000.00 | 711 375.00 | 0.13 |
| EUR	INSTITUTO DE CREDITO OFICIAL-REG-S 0.50000% 16-26.10.23 | 370 000.00 | 379 109.40 | 0.07 |
| EUR	KREDITANSTALT FUER WIEDERAUFBAU 4.62500% 07-04.01.23 | 750 000.00 | 827 077.50 | 0.15 |
| EUR	LANDESBANK HESSEN-THUERINGEN GZ-REG-S 0.37500% 20-12.05.25 | 800 000.00 | 819 012.80 | 0.15 |
| EUR	LLOYDS BANK PLC-REG-S 0.25000% 19-25.03.24 | 300 000.00 | 306 207.00 | 0.06 |
| EUR	NATIONWIDE BUILDING SOCIETY 4.37500% 07-28.02.22 | 700 000.00 | 736 694.00 | 0.14 |
| EUR	NESTLE HOLDINGS INC-REG-S 0.87500% 17-18.07.25 | 500 000.00 | 522 918.99 | 0.10 |
| EUR	NORDEA MORTGAGE BANK PLC-REG-S 4.00000% 11-10.02.21 | 700 000.00 | 700 700.00 | 0.13 |
| EUR	SKANDINAVISKA ENSKILDA BANKEN AB-REG-S 0.25000% 20-19.05.23 | 586 000.00 | 593 216.01 | 0.11 |
| EUR	SUMITOMO MITSUI BANKING CORP-REG-S 0.26700% 19-18.06.26 | 800 000.00 | 819 168.00 | 0.15 |
| Total EUR |  | 10 797 281.30 | 2.01 |
| Total des Medium-Term Notes, taux fixe |  | 10 797 281.30 | 2.01 |
| Medium-Term Notes, coupon zéro |  |  |  |
| EUR |  |  |  |
| EUR	DEUTSCHE BAHN FINANCE BV-REG-S 0.00000% 16-19.07.21 | 750 000.00 | 751 011.00 | 0.14 |
| EUR	EUROPEAN STABILITY MECHANISM-REG-S 0.00000% 16-18.10.22 | 600 000.00 | 606 661.20 | 0.11 |
| EUR	KREDITANSTALT FUER WIEDERAUFBAU-REG-S 0.00000% 19-02.04.24 | 500 000.00 | 510 527.00 | 0.09 |
| EUR	NESTLE FINANCE INTERNATIONAL-REG-S 0.00000% 20-12.11.24 | 355 000.00 | 357 834.32 | 0.07 |
| Total EUR |  | 2 226 033.52 | 0.41 |
| Total des Medium-Term Notes, coupon zéro |  | 2 226 033.52 | 0.41 |
| Obligations, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	BELGIUM, KINGDOM OF-144A-REG-S 2.60000% 14-22.06.24 | 400 000.00 | 445 040.00 | 0.08 |
| EUR	BELGIUM, KINGDOM OF-144A-REG-S 1.00000% 16-22.06.26 | 600 000.00 | 652 624.80 | 0.12 |
| EUR	BNP PARIBAS HOME LOAN COVERED BONDS SFH 3.87500% 11-12.07.21 | 500 000.00 | 509 740.00 | 0.09 |
| EUR	CAISSE D’AMORTIS DE LA DETTE SOC-REG-S 1.37500% 14-25.11.24 | 550 000.00 | 589 744.10 | 0.11 |
| EUR	EUROPEAN FINANCIAL STABILITY FAC-REG-S 0.12500% 17-17.10.23 | 250 000.00 | 255 207.50 | 0.05 |
| EUR	EUROPEAN FINANCIAL STABILITY FAC-REG-S 0.40000% 19-26.01.26 | 350 000.00 | 366 961.70 | 0.07 |
| EUR	FRANCE, REPUBLIC OF OAT 2.25000% 12-25.10.22 | 950 000.00 | 998 451.90 | 0.19 |
| EUR	FRANCE, REPUBLIC OF-OAT 5.50000% 98-25.04.29 | 600 000.00 | 899 058.00 | 0.17 |
| EUR	FRANCE, REPUBLIC OF-OAT 4.25000% 07-25.10.23 | 730 000.00 | 829 774.94 | 0.15 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 3.00000% 12-25.04.22 | 450 000.00 | 470 116.08 | 0.09 |
| EUR	FRANCE, REPUBLIC OF-OAT 1.75000% 13-25.05.23 | 500 000.00 | 528 457.05 | 0.10 |
| EUR	FRANCE, REPUBLIC OF-OAT 1.75000% 14-25.11.24 | 450 000.00 | 491 898.60 | 0.09 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 1.00000% 15-25.11.25 | 440 000.00 | 474 984.40 | 0.09 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.25000% 15-25.11.26 | 300 000.00 | 314 460.00 | 0.06 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 1.00000% 17-25.05.27 | 400 000.00 | 439 444.80 | 0.08 |
| EUR	GERMANY, REPUBLIC OF 1.50000% 13-15.05.23 | 850 000.00 | 894 319.00 | 0.17 |
| EUR	GERMANY, REPUBLIC OF 1.75000% 14-15.02.24 | 600 000.00 | 646 680.00 | 0.12 |
| EUR	GERMANY, REPUBLIC OF 1.00000% 14-15.08.24 | 500 000.00 | 531 920.00 | 0.10 |
| EUR	GERMANY, REPUBLIC OF 0.50000% 15-15.02.25 | 500 000.00 | 526 119.00 | 0.10 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.50000% 16-15.02.26 | 600 000.00 | 638 681.46 | 0.12 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.25000% 19-15.02.29 | 830 000.00 | 890 756.00 | 0.16 |
| EUR	GERMANY, REPUBLIC OF 4.75000% 98-04.07.28 | 400 000.00 | 566 288.00 | 0.10 |
| EUR	JOHNSON & JOHNSON 0.65000% 16-20.05.24 | 500 000.00 | 514 980.00 | 0.10 |
| EUR	NETHERLANDS, KINGDOM OF THE 3.75000% 06-15.01.23 | 850 000.00 | 924 885.00 | 0.17 |
| EUR	NETHERLANDS, KINGDOM OF THE 2.00000% 14-15.07.24 | 350 000.00 | 383 422.20 | 0.07 |
| EUR	NORDRHEIN-WESTFALEN, STATE OF 4.37500% 07-29.04.22 | 700 000.00 | 743 338.40 | 0.14 |
| EUR	RABOBANK NEDERLAND NV-REG-S 0.25000% 19-30.10.26 | 400 000.00 | 406 240.00 | 0.07 |
| EUR	SKANDINAVISKA ENSKILDA BANKEN AB-REG-S 0.37500% 19-09.02.26 | 450 000.00 | 467 849.70 | 0.09 |
| EUR	STADSHYPOTEK AB-REG-S 0.50000% 18-11.07.25 | 700 000.00 | 729 727.60 | 0.14 |
| Total EUR |  | 17 131 170.23 | 3.19 |
| Total des Obligations, taux fixe |  | 17 131 170.23 | 3.19 |
| Obligations, coupon zéro |  |  |  |
| EUR |  |  |  |
| EUR	AUSTRIA, REPUBLIC OF-144A-REG-S 0.00000% 19-15.07.24 | 300 000.00 | 306 963.00 | 0.06 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 16-25.05.22 | 500 000.00 | 504 185.00 | 0.09 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 17-25.03.23 | 700 000.00 | 710 360.00 | 0.13 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 19-25.03.25 | 500 000.00 | 513 500.00 | 0.10 |
| EUR	GERMANY, REPUBLIC OF 0.00000% 19-18.10.24 | 350 000.00 | 360 080.00 | 0.07 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 17-08.04.22 | 400 000.00 | 403 280.80 | 0.08 |

UBS (Lux) Strategy Fund – Balanced (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) |  |
|  |  |  |  |  |
| EUR | NETHERLANDS, KINGDOM OF THE-144A-REG-S 0.00000% 17-15.01.24 | 100 000.00 | 102 186.60 | 0.02 |
| EUR | NRW BANK 0.00000% 17-01.02.22 | 550 000.00 | 553 074.50 | 0.10 |
| EUR | TORONTO DOMINION BANK-REG-S 0.00000% 19-09.02.24 | 710 000.00 | 719 847.70 | 0.13 |
| Total EUR |  |  | 4 173 477.60 | 0.78 |
| Total des Obligations, coupon zéro |  | 4 173 477.60 | 0.78 |
| Obligations, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	UBS GROUP AG-REG-S 1.250%/VAR 18-17.04.25 | 800 000.00 | 830 256.00 | 0.16 |
| Total EUR |  | 830 256.00 | 0.16 |
| Total des Obligations, taux variable |  | 830 256.00 | 0.16 |
| Bons du Trésor à moyen terme, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 2 630 000.00 | 3 063 934.97 | 0.57 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 3 400 000.00 | 3 080 082.47 | 0.57 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.11.27 | 3 370 000.00 | 3 053 880.46 | 0.57 |
| USD	AMERICA, UNITED STATES OF 2.87500% 18-31.05.25 | 340 000.00 | 310 380.48 | 0.06 |
| USD	AMERICA, UNITED STATES OF 2.75000% 14-15.02.24 | 5 000.00 | 4 435.97 | 0.00 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 5 000.00 | 4 136.78 | 0.00 |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 740 000.00 | 621 999.50 | 0.11 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 370 000.00 | 314 449.75 | 0.06 |
| USD	AMERICA, UNITED STATES OF 2.12500% 15-15.05.25 | 2 080 000.00 | 1 842 553.92 | 0.34 |
| USD	AMERICA, UNITED STATES OF 1.75000% 19-15.11.29 | 1 390 000.00 | 1 220 640.59 | 0.23 |
| USD	AMERICA, UNITED STATES OF 0.25000% 20-31.07.25 | 570 000.00 | 466 773.56 | 0.09 |
| Total USD |  | 13 983 268.45 | 2.60 |
| Total des Bons du Trésor à moyen terme, taux fixe |  | 13 983 268.45 | 2.60 |
| Bons du Trésor à moyen terme, taux variable |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 1 130 000.00 | 1 090 273.59 | 0.20 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 20-15.01.30 | 1 270 000.00 | 1 183 788.56 | 0.22 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 1 125 000.00 | 1 103 022.63 | 0.21 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 1 345 000.00 | 1 345 253.94 | 0.25 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 1 050 000.00 | 1 047 524.23 | 0.20 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 1 000 000.00 | 1 013 749.20 | 0.19 |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 1 100 000.00 | 1 100 338.86 | 0.20 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 995 000.00 | 1 330 418.09 | 0.25 |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 640 000.00 | 1 206 413.64 | 0.22 |
| Total USD |  | 10 420 782.74 | 1.94 |
| Total des Bons du Trésor à moyen terme, taux variable |  | 10 420 782.74 | 1.94 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 60 861 152.84 | 11.33 |

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 | 4 021.00 | 0.04 | 0.00 |
| Total Portugal | 0.04 | 0.00 |
| Total des Actions nominatives | 0.04 | 0.00 |
| Total des Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé | 0.04 | 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	1 689 643.00 | 10 130 347.86 | 1.89 |
| USD	ISHRS III PLC-MSCI WORLD SML CAP UCITS ETF-UNHDG USD-ACC	2 134 000.00 | 11 582 513.79 | 2.16 |
| EUR	ISHS IV PUB LTD COMP - ISHS MSCI EMU ESG ETF-EUR-CAP	3 772 231.00 | 21 731 822.79 | 4.05 |
| USD	UBS (IRL) INVESTOR SELECTION PLC - GLOB EMER MKT OPP-I-B USD	13 181.00 | 3 628 566.89 | 0.67 |
| Total Irlande | 47 073 251.33 | 8.77 |
| Luxembourg |  |  |
| EUR	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC	79 613.00 | 11 054 265.05 | 2.06 |
| EUR	UBS (LUX) BOND SICAV - EUR CORP SUSTAINABLE (EUR) U-X-ACC	4 251.00 | 54 107 153.10 | 10.08 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC	908.00 | 15 880 321.34 | 2.96 |
| USD	UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS	174 373.00 | 16 046 507.04 | 2.99 |
| USD	UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC	5 877.37 | 59 516 359.42 | 11.08 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD)-U-X ACC	2 232.00 | 26 755 744.04 | 4.98 |
| EUR	UBS (LUX) EQUITY FUND - EURO COUNTRIES OPPORT U-X-ACC	2 654.00 | 67 148 800.92 | 12.51 |
| USD	UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC	2 910.00 | 32 338 174.42 | 6.02 |
| USD	UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC	887.00 | 29 653 492.74 | 5.52 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL QUANTITATIVE (USD) U-X-ACC	2 171.77 | 30 863 702.67 | 5.75 |

UBS (Lux) Strategy Fund – Balanced (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 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| USD | UBS (LUX) EQUITY SICAV - GLOBAL OPPORTUNITY (USD) U-X-ACC | 3 501.00 | 31 972 063.37 | 5.95 |
| USD | UBS (LUX) INSTITUTIONAL FUND - KEY SEL. GLOBAL EQUITY FA-USD | 1 254.00 | 31 293 560.19 | 5.83 |
| USD | UBS (LUX) INSTITUTIONAL SICAV - EQUITIES GLB (EX USA) PASSIVE XA	123 385.00 | 11 434 617.79 | 2.13 |
| Total Luxembourg |  | 418 064 762.09 | 77.86 |
| Total des Fonds d’investissement, ouvert |  | 465 138 013.42 | 86.63 |
| Total des OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée | 465 138 013.42 | 86.63 |
| 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 | -310.00 | -119 040.00 | -0.02 |
| EUR	EURO STOXX 50 INDEX CALL 4000.00000 19.03.21 | -310.00 | -1 550.00 | 0.00 |
| EUR	EURO STOXX 50 INDEX CALL 3650.00000 19.03.21 | 310.00 | 122 140.00 | 0.02 |
| Total EUR |  | 1 550.00 | 0.00 |
| Total des Options sur indices boursiers, classic-styled |  | 1 550.00 | 0.00 |
| Total des Instruments dérivés négociés sur une bourse officielle |  | 1 550.00 | 0.00 |
| Total du Portefeuille-titres |  | 526 000 716.30 | 97.96 |
| Instruments dérivés |  |  |  |
| Instruments dérivés négociés sur une bourse officielle |  |  |  |
| Contrats financiers à terme sur obligations |  |  |  |
|  |  |  |  |
| EUR	EURO-BOBL FUTURE 08.03.21 | -17.00 | -2 890.00 | 0.00 |
| USD	US LONG BOND FUTURE 22.03.21 | 74.00 | -352 138.04 | -0.07 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.21 | -208.00 | 1 337.64 | 0.00 |
| Total des Contrats financiers à terme sur obligations |  | -353 690.40 | -0.07 |
| Contrats financiers à terme sur indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.03.21 | -191.00 | 159 275.00 | 0.03 |
| CHF	SWISS MARKET INDEX FUTURE 19.03.21 | 60.00 | 113 252.06 | 0.02 |
| GBP	FTSE 100 INDEX FUTURE 19.03.21 | 353.00 | -649 989.62 | -0.12 |
| SEK	OMX 30 INDEX FUTURE 19.02.21 | -90.00 | 11 862.72 | 0.00 |
| USD	S&P500 EMINI FUTURE 19.03.21 | -177.00 | 53 403.57 | 0.01 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 19.03.21 | 145.00 | -64 211.05 | -0.01 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 11.03.21 | 43.00 | 382 172.25 | 0.07 |
| AUD	SPI 200 INDEX FUTURES 18.03.21 | -30.00 | 29 839.96 | 0.01 |
| CAD	S&P/TSX 60 INDEX FUTURE 18.03.21 | -33.00 | 20 497.77 | 0.00 |
| HKD	HANG SENG INDEX FUTURE 25.02.21 | -11.00 | 88 862.68 | 0.02 |
| Total des Contrats financiers à terme sur indices |  | 144 965.34 | 0.03 |
| Total des Instruments dérivés négociés sur une bourse officielle |  | -208 725.06 | -0.04 |
| Total des Instruments dérivés |  | -208 725.06 | -0.04 |
| Contrats de change à terme |  |  |  |
| Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |  |

| EUR | 328 657.69 | USD | 390 000.00 | 4.2.2021 | 7 667.39 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| GBP | 200 000.00 | EUR | 222 591.23 | 4.2.2021 | 3 455.08 | 0.00 |
| GBP | 13 390 647.35 | EUR | 14 904 961.64 | 4.2.2021 | 229 570.15 | 0.04 |
| EUR | 115 142 425.22 | USD | 136 922 064.00 | 4.2.2021 | 2 448 440.86 | 0.46 |
| EUR | 1 173 592.92 | DKK | 8 740 000.00 | 4.2.2021 | -1 501.38 | 0.00 |
| EUR | 2 870 417.91 | CHF | 3 100 197.73 | 4.2.2021 | 1 829.10 | 0.00 |
| EUR | 937 387.56 | CAD | 1 457 645.16 | 4.2.2021 | -1 770.31 | 0.00 |
| SGD | 3 035 000.00 | EUR | 1 899 527.21 | 4.2.2021 | -17 276.65 | 0.00 |
| EUR | 3 012 108.60 | AUD | 4 889 652.28 | 4.2.2021 | -75 702.05 | -0.01 |
| EUR | 401 810.93 | NOK | 4 317 827.75 | 4.2.2021 | -13 694.96 | 0.00 |
| EUR | 953 883.11 | SEK | 9 755 469.37 | 4.2.2021 | -9 984.60 | 0.00 |
| EUR | 3 470 787.93 | HKD | 31 997 600.00 | 4.2.2021 | 74 332.61 | 0.02 |
| EUR | 20 289.27 | NZD | 35 000.00 | 4.2.2021 | -471.81 | 0.00 |
| JPY | 592 235 541.00 | EUR | 4 779 928.58 | 4.2.2021 | -123 979.03 | -0.02 |
| EUR | 144 719.66 | CAD | 225 000.00 | 4.2.2021 | -247.39 | 0.00 |
| GBP | 820 000.00 | EUR | 914 806.93 | 4.2.2021 | 11 982.92 | 0.00 |
| USD | 590 000.00 | EUR | 495 995.47 | 4.2.2021 | -10 394.77 | 0.00 |
| JPY | 39 000 000.00 | EUR | 314 147.77 | 4.2.2021 | -7 543.35 | 0.00 |
| USD | 270 000.00 | EUR | 227 138.13 | 4.2.2021 | -4 914.08 | 0.00 |
| GBP | 190 000.00 | EUR | 213 310.34 | 4.2.2021 | 1 433.65 | 0.00 |
| JPY | 16 000 000.00 | EUR | 128 686.26 | 4.2.2021 | -2 899.83 | 0.00 |
| EUR | 139 051.12 | AUD | 225 000.00 | 4.2.2021 | -3 036.16 | 0.00 |
| CHF | 140 000.00 | EUR | 129 524.09 | 4.2.2021 | 16.82 | 0.00 |
| EUR | 111 717.49 | GBP | 100 000.00 | 4.2.2021 | -1 305.66 | 0.00 |
| JPY | 15 000 000.00 | EUR | 120 049.08 | 4.2.2021 | -2 124.30 | 0.00 |
| CHF | 180 000.00 | EUR | 166 219.41 | 4.2.2021 | 333.19 | 0.00 |
| USD | 420 000.00 | EUR | 346 837.99 | 4.2.2021 | -1 156.13 | 0.00 |
| GBP | 20 000.00 | EUR | 22 048.53 | 4.2.2021 | 556.10 | 0.00 |
| CAD | 1 670 000.00 | JPY | 136 057 572.00 | 4.2.2021 | 6 340.72 | 0.00 |
| NOK | 17 250 000.00 | USD | 1 954 147.21 | 4.2.2021 | 51 611.77 | 0.01 |

UBS (Lux) Strategy Fund – Balanced (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
| AUD | 2 620 000.00 | JPY | 205 429 843.00 | 4.2.2021 | 39 511.37 | 0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| AUD | 280 000.00 | EUR | 173 743.94 | 4.2.2021 | 3 075.79 | 0.00 |
| CAD | 280 000.00 | EUR | 180 287.26 | 4.2.2021 | 116.18 | 0.00 |
| HKD | 3 950 000.00 | EUR | 419 172.46 | 4.2.2021 | 108.94 | 0.00 |
| SEK | 3 700 000.00 | EUR | 362 241.96 | 4.2.2021 | 3 328.41 | 0.00 |
| EUR | 5 257 056.49 | USD | 6 390 000.00 | 4.2.2021 | -2 246.06 | 0.00 |
| EUR | 5 889 328.70 | GBP | 5 365 000.00 | 4.2.2021 | -174 363.44 | -0.03 |
| USD | 450 000.00 | EUR | 369 594.98 | 4.2.2021 | 778.44 | 0.00 |
| USD | 2 940 000.00 | EUR | 2 411 454.90 | 4.2.2021 | 8 318.10 | 0.00 |
| USD | 2 370 000.00 | EUR | 1 934 043.41 | 4.2.2021 | 16 589.93 | 0.00 |
| USD | 3 600 000.00 | EUR | 2 935 901.20 | 4.2.2021 | 27 086.15 | 0.01 |
| EUR | 332 777.23 | GBP | 300 000.00 | 4.2.2021 | -6 292.23 | 0.00 |
| GBP | 280 000.00 | EUR | 305 014.22 | 4.2.2021 | 11 450.61 | 0.00 |
| USD | 390 000.00 | EUR | 318 528.56 | 4.2.2021 | 2 461.74 | 0.00 |
| EUR | 295 549.21 | CHF | 320 000.00 | 4.2.2021 | -544.30 | 0.00 |
| GBP | 320 000.00 | EUR | 353 191.53 | 4.2.2021 | 8 482.56 | 0.00 |
| CHF | 50 000.00 | EUR | 46 076.07 | 4.2.2021 | 188.54 | 0.00 |
| CHF | 100 000.00 | EUR | 92 261.53 | 4.2.2021 | 267.69 | 0.00 |
| EUR | 31 487.84 | HKD | 300 000.00 | 19.3.2021 | -328.88 | 0.00 |
| EUR | 31 514.06 | HKD | 300 000.00 | 4.2.2021 | -330.10 | 0.00 |
| GBP | 9 402 201.03 | EUR | 10 396 432.68 | 19.3.2021 | 222 733.96 | 0.04 |
| EUR | 105 789 949.76 | USD | 130 800 672.16 | 19.3.2021 | -1 765 881.78 | -0.33 |
| EUR | 1 614 330.30 | CHF | 1 744 824.69 | 19.3.2021 | -615.39 | 0.00 |
| EUR | 792 923.45 | CAD | 1 240 129.90 | 19.3.2021 | -5 426.55 | 0.00 |
| SGD | 2 406 000.00 | EUR | 1 478 568.14 | 19.3.2021 | 12 181.55 | 0.00 |
| EUR | 1 463 634.73 | AUD | 2 314 728.08 | 19.3.2021 | 2 883.83 | 0.00 |
| EUR | 29 560.58 | NZD | 50 000.00 | 19.3.2021 | -70.69 | 0.00 |
| EUR | 583 554.13 | SEK | 5 875 603.48 | 19.3.2021 | 3 303.23 | 0.00 |
| NOK | 12 864 215.13 | EUR | 1 237 921.48 | 19.3.2021 | -1 272.91 | 0.00 |
| JPY | 317 979 481.00 | EUR | 2 503 377.27 | 19.3.2021 | -4 766.95 | 0.00 |
| EUR | 1 178 024.12 | DKK | 8 764 000.00 | 19.3.2021 | -123.95 | 0.00 |
| EUR | 2 927 393.14 | HKD | 28 058 492.40 | 19.3.2021 | -48 370.81 | -0.01 |
| EUR | 379 542.57 | USD | 465 000.00 | 4.2.2021 | -3 176.63 | 0.00 |
| EUR | 379 181.08 | USD | 465 000.00 | 19.3.2021 | -3 182.87 | 0.00 |
| EUR | 854 680.05 | USD | 1 050 000.00 | 4.2.2021 | -9 524.59 | 0.00 |
| EUR | 853 871.80 | USD | 1 050 000.00 | 19.3.2021 | -9 530.67 | 0.00 |
| EUR | 29 751.85 | SEK | 300 000.00 | 19.3.2021 | 125.06 | 0.00 |
| EUR | 29 767.44 | SEK | 300 000.00 | 4.2.2021 | 126.60 | 0.00 |
| USD | 16 967 100.00 | EUR | 13 941 134.86 | 18.2.2021 | 19 559.89 | 0.00 |
| USD | 377 500.00 | EUR | 310 698.23 | 18.2.2021 | -87.56 | 0.00 |
| EUR | 339 147.66 | CHF | 365 000.00 | 4.2.2021 | 1 416.00 | 0.00 |
| EUR | 339 244.33 | CHF | 365 000.00 | 19.3.2021 | 1 413.73 | 0.00 |
| EUR | 2 118 746.10 | USD | 2 565 000.00 | 19.3.2021 | 9 577.21 | 0.00 |
| EUR | 2 120 728.40 | USD | 2 565 000.00 | 4.2.2021 | 9 599.91 | 0.00 |
| HKD | 3 250 000.00 | EUR | 346 633.39 | 4.2.2021 | -1 655.02 | 0.00 |
| GBP | 200 000.00 | EUR | 224 660.89 | 4.2.2021 | 1 385.42 | 0.00 |
| GBP | 190 000.00 | EUR | 213 275.53 | 19.3.2021 | 1 316.95 | 0.00 |
| HKD | 3 250 000.00 | EUR | 346 338.95 | 19.3.2021 | -1 657.82 | 0.00 |
| EUR | 1 031 287.35 | JPY | 129 500 000.00 | 4.2.2021 | 13 203.46 | 0.00 |
| EUR | 1 030 772.99 | JPY | 129 500 000.00 | 19.3.2021 | 13 191.49 | 0.00 |
| EUR | 157 903.32 | SEK | 1 600 000.00 | 4.2.2021 | -181.16 | 0.00 |
| EUR | 157 820.22 | SEK | 1 600 000.00 | 19.3.2021 | -189.33 | 0.00 |
| EUR | 175 065.65 | CAD | 270 000.00 | 19.3.2021 | 1 249.58 | 0.00 |
| EUR | 175 208.25 | CAD | 270 000.00 | 4.2.2021 | 1 247.79 | 0.00 |
| EUR | 125 601.72 | NOK | 1 300 000.00 | 4.2.2021 | 502.32 | 0.00 |
| EUR | 125 452.20 | NOK | 1 300 000.00 | 19.3.2021 | 482.03 | 0.00 |
| EUR | 314 055.91 | GBP | 280 000.00 | 19.3.2021 | -2 185.64 | 0.00 |
| EUR | 314 280.45 | GBP | 280 000.00 | 4.2.2021 | -2 184.38 | 0.00 |
| EUR | 12 829.54 | USD | 15 500.00 | 18.2.2021 | 75.99 | 0.00 |
| INR | 320 690 000.00 | USD | 4 349 164.59 | 26.3.2021 | 16 028.69 | 0.00 |
| IDR | 63 129 350 000.00 | USD | 4 458 917.22 | 26.3.2021 | 18 246.92 | 0.00 |
| RUB | 191 840 000.00 | USD | 2 583 581.92 | 26.3.2021 | -46 156.67 | -0.01 |
| USD | 4 523 586.60 | TWD | 125 620 000.00 | 26.3.2021 | 8 337.09 | 0.00 |
| JPY | 4 000 000.00 | EUR | 31 920.91 | 4.2.2021 | -474.30 | 0.00 |
| JPY | 4 000 000.00 | EUR | 31 904.64 | 19.3.2021 | -473.55 | 0.00 |
| EUR | 58 636.89 | HKD | 550 000.00 | 4.2.2021 | 255.94 | 0.00 |
| EUR | 58 587.13 | HKD | 550 000.00 | 19.3.2021 | 256.48 | 0.00 |
| EUR | 552 972.55 | USD | 671 500.00 | 18.2.2021 | 455.83 | 0.00 |
| JPY | 50 000 000.00 | EUR | 395 678.56 | 4.2.2021 | -2 595.98 | 0.00 |
| JPY | 50 000 000.00 | EUR | 395 472.94 | 19.3.2021 | -2 584.33 | 0.00 |
| GBP | 170 000.00 | EUR | 190 761.10 | 4.2.2021 | 1 378.26 | 0.00 |
| USD | 320 000.00 | EUR | 262 521.88 | 19.3.2021 | 610.30 | 0.00 |
| USD | 330 000.00 | EUR | 270 980.90 | 4.2.2021 | 626.27 | 0.00 |
| GBP | 170 000.00 | EUR | 190 623.99 | 19.3.2021 | 1 379.81 | 0.00 |
| EUR | 225 345.96 | USD | 273 700.00 | 18.2.2021 | 142.94 | 0.00 |
| CHF | 200 000.00 | EUR | 185 351.31 | 19.3.2021 | -238.65 | 0.00 |
| CHF | 210 000.00 | EUR | 194 561.00 | 4.2.2021 | -249.64 | 0.00 |
| EUR | 395 976.88 | GBP | 350 000.00 | 4.2.2021 | 395.85 | 0.00 |
| EUR | 395 693.05 | GBP | 350 000.00 | 19.3.2021 | 391.11 | 0.00 |
| USD | 710 000.00 | EUR | 585 638.98 | 4.2.2021 | -1 272.03 | 0.00 |
| USD | 700 000.00 | EUR | 576 862.38 | 19.3.2021 | -1 260.73 | 0.00 |
| Total des Contrats de change à terme | 945 918.25 | 0.18 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 8 834 905.68 | 1.65 |
| Crédit en compte courant et autres engagements à court terme | -217 320.21 | -0.04 |
| Autres actifs et passifs | 1 614 358.36 | 0.29 |
| Total de l’Actif net | 536 969 853.32 | 100.00 |

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