# UBS (Lux) Strategy Fund – Balanced (CHF)
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 31.1.2021 | 31.1.2020 | 31.1.2019 |
| Net assets in CHF |  | 1 346 881 947.12 | 1 408 004 799.97 | 1 384 994 043.84 |
| Class P-acc | LU0049785289 |  |  |  |
| Units outstanding |  | 486 797.6440 | 514 386.9190 | 535 141.9790 |
| Net asset value per unit in CHF |  | 2 152.05 | 2 107.30 | 1 976.60 |
| Issue and redemption price per unit in CHF 1 |  | 2 152.05 | 2 107.30 | 1 976.60 |
| Class P-C-dist | LU0108564260 |  |  |  |
| Units outstanding |  | 67 945.8850 | 65 854.7630 | 69 884.2330 |
| Net asset value per unit in CHF |  | 110.81 | 109.59 | 103.72 |
| Issue and redemption price per unit in CHF 1 |  | 110.81 | 109.59 | 103.72 |
| Class P-dist | LU0049785107 |  |  |  |
| Units outstanding |  | 148 784.6850 | 162 021.9720 | 177 234.9400 |
| Net asset value per unit in CHF |  | 1 550.37 | 1 534.39 | 1 452.21 |
| Issue and redemption price per unit in CHF 1 |  | 1 550.37 | 1 534.39 | 1 452.21 |
| Class Q-acc | LU0941351099 |  |  |  |
| Units outstanding |  | 330 916.4590 | 381 875.0020 | 383 351.5580 |
| Net asset value per unit in CHF |  | 120.25 | 116.96 | 108.98 |
| Issue and redemption price per unit in CHF 1 |  | 120.25 | 116.96 | 108.98 |
| Class Q-C-dist | LU1240797214 |  |  |  |
| Units outstanding |  | 3 753.1490 | 6 855.8040 | 7 957.0650 |
| Net asset value per unit in CHF |  | 116.86 | 115.52 | 109.33 |
| Issue and redemption price per unit in CHF 1 |  | 116.86 | 115.52 | 109.33 |
| Class Q-dist | LU1240797305 |  |  |  |
| Units outstanding |  | 183 820.5330 | 203 373.9420 | 188 403.5600 |
| Net asset value per unit in CHF |  | 113.36 | 111.91 | 105.92 |
| Issue and redemption price per unit in CHF 1 |  | 113.36 | 111.91 | 105.92 |
| 1  See note 1 |  |  |  |  |
| Performance |  |  |  |  |
|  | Currency | 2020/2021 | 2019/2020 | 2018/2019 |
| Class P-acc | CHF | 2.1% | 6.6% | -5.3% |
| Class P-C-dist | CHF | 2.1% | 6.6% | -5.3% |
| Class P-dist | CHF | 2.1% | 6.6% | -5.3% |
| Class Q-acc | CHF | 2.8% | 7.3% | -4.6% |
| Class Q-C-dist | CHF | 2.8% | 7.3% | -4.6% |
| Class Q-dist | CHF | 2.8% | 7.3% | -4.6% |

Historical performance is no indicator of current or future performance.
The performance data does not take account of any commissions and costs charged when subscribing and redeeming units. The performance data were not audited.
The subfund has no benchmark.
UBS (Lux) Strategy Fund – Balanced (CHF)
Annual report and audited financial statements as of 31 January 2021

## 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	63.56
CHF	25.60
EUR	9.12
Classification by Instrument as a % of net assets	
Investment funds, open end	68.89
| Registered shares | 14.36 |
| --- | --- |
| Medium term notes, fixed rate | 4.25 |
| Other shares | 2.92 |
| Treasury notes, fixed rate | 1.90 |
| Treasury notes, floating rate | 1.89 |
| Bonds, fixed rate | 1.81 |
| Bonds, zero coupon | 0.99 |
| Bearer shares | 0.48 |
| Medium term notes, zero coupon | 0.30 |
| Participation certificates | 0.24 |
| Notes, zero coupon | 0.12 |
| Notes, fixed rate | 0.10 |
| Notes, floating rate | 0.03 |
| Total | 98.28 |

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

## Statement of Net Assets
Assets	31.1.2021
CHF
Investments in securities, cost	1 112 794 951.03
| Investments in securities, unrealized appreciation (depreciation) | 	210 930 728.50	 |
| --- | --- |
| Total investments in securities (Note 1) | 1 323 725 679.53 |
| Cash at banks, deposits on demand and deposit accounts | 6 913 480.56 |
| Other liquid assets (Margins) | 15 501 262.57 |
| Receivable on securities sales (Note 1) | 5 886 574.90 |
| Receivable on subscriptions | 675 424.89 |
| Interest receivable on securities | 537 324.00 |
| Interest receivable on liquid assets | 1 580.00 |
| Other receivables | 2 581.82 |
| Unrealized gain on forward foreign exchange contracts (Note 1) | 1 835 023.41 |
| Total Assets | 1 355 078 931.68 |
|  |  |
| Liabilities |  |
| Unrealized loss on financial futures (Note 1) | -1 688 815.55 |
| Bank overdraft | -4 334 240.31 |
| Interest payable on bank overdraft | -271.93 |
| Payable on redemptions | -1 156 554.86 |
| Provisions for flat fee (Note 2) | -832 187.06 |
| Provisions for taxe d’abonnement (Note 3) | -19 418.75 |
| Provisions for other commissions and fees (Note 2) | 	-165 496.10	 |
| Total provisions | -1 017 101.91 |
| Total Liabilities | -8 196 984.56 |
|  |  |
| Net assets at the end of the financial year | 1 346 881 947.12 |
| Statement of Operations | CHF |
| Income | 1.2.2020-31.1.2021 |
| Interest on liquid assets | 18 519.50 |
| Interest on securities | 1 338 720.02 |
| Dividends | 6 377 734.98 |
| Interest received on swaps (Note 1) | 154 318.53 |
| Income on securities lending (Note 15) | 78 313.37 |
| Other income (Note 4) | 2 364.32 |
| Total income | 7 969 970.72 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -92 585.11 |
| Flat fee (Note 2) | -20 642 135.66 |
| Taxe d’abonnement (Note 3) | -233 908.01 |
| Cost on securities lending (Note 15) | -31 325.35 |
| Other commissions and fees (Note 2) | -163 525.28 |
| Interest on cash and bank overdraft | -148 662.42 |
| Total expenses | -21 312 141.83 |
|  |  |
| Net income (loss) on investments | -13 342 171.11 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 57 909 521.85 |
| Realized gain (loss) on options | 6 876 078.31 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | -25 319.59 |
| Realized gain (loss) on financial futures | -24 521 133.85 |
| Realized gain (loss) on forward foreign exchange contracts | 43 461 883.58 |
| Realized gain (loss) on swaps | 494 908.45 |
| Realized gain (loss) on foreign exchange | -7 982 881.12 |
| Total realized gain (loss) | 76 213 057.63 |
|  |  |
| Net realized gain (loss) of the financial year | 62 870 886.52 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | -35 353 471.06 |
| Unrealized appreciation (depreciation) on options | -112 628.84 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | -19 667.65 |
| Unrealized appreciation (depreciation) on financial futures | 2 632 806.41 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -5 169 099.78 |
| Total changes in unrealized appreciation (depreciation) | -38 022 060.92 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 24 848 825.60 |

UBS (Lux) Strategy Fund – Balanced (CHF)
Annual report and audited financial statements as of 31 January 2021
| Statement of Changes in Net Assets |  |
| --- | --- |
|  |  | CHF |
|  |  | 1.2.2020-31.1.2021 |
| Net assets at the beginning of the financial year |  | 1 408 004 799.97 |
| Subscriptions |  | 86 682 346.08 |
| Redemptions |  | 	-170 127 264.00	 |
| Total net subscriptions (redemptions) |  | -83 444 917.92 |
| Dividend paid |  | -2 526 760.53 |
| Net income (loss) on investments |  | -13 342 171.11 |
| Total realized gain (loss) |  | 76 213 057.63 |
| Total changes in unrealized appreciation (depreciation) |  | 	-38 022 060.92	 |
| Net increase (decrease) in net assets as a result of operations |  | 24 848 825.60 |
| Net assets at the end of the financial year |  | 1 346 881 947.12 |
| 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 |  | 514 386.9190 |
| Number of units issued |  | 34 428.6520 |
| Number of units redeemed |  | -62 017.9270 |
| Number of units outstanding at the end of the financial year |  | 486 797.6440 |
| Class |  | P-C-dist |
| Number of units outstanding at the beginning of the financial year |  | 65 854.7630 |
| Number of units issued |  | 7 271.9060 |
| Number of units redeemed |  | -5 180.7840 |
| Number of units outstanding at the end of the financial year |  | 67 945.8850 |
| Class |  | P-dist |
| Number of units outstanding at the beginning of the financial year |  | 162 021.9720 |
| Number of units issued |  | 7 632.1820 |
| Number of units redeemed |  | -20 869.4690 |
| Number of units outstanding at the end of the financial year |  | 148 784.6850 |
| Class |  | Q-acc |
| Number of units outstanding at the beginning of the financial year |  | 381 875.0020 |
| Number of units issued |  | 36 443.2470 |
| Number of units redeemed |  | -87 401.7900 |
| Number of units outstanding at the end of the financial year |  | 330 916.4590 |
| Class |  | Q-C-dist |
| Number of units outstanding at the beginning of the financial year |  | 6 855.8040 |
| Number of units issued |  | 75.1930 |
| Number of units redeemed |  | -3 177.8480 |
| Number of units outstanding at the end of the financial year |  | 3 753.1490 |
| Class |  | Q-dist |
| Number of units outstanding at the beginning of the financial year |  | 203 373.9420 |
| Number of units issued |  | 15 176.1820 |
| Number of units redeemed |  | -34 729.5910 |
| Number of units outstanding at the end of the financial year |  | 183 820.5330 |
| Annual Distribution 1 |  |  |
| UBS (Lux) Strategy Fund – Balanced (CHF)	Ex-Date | Pay-Date | Currency	Amount per unit |
| P-C-dist	1.4.2020 | 6.4.2020 | CHF	0.91 |
| P-dist	1.4.2020 | 6.4.2020 | CHF	13.67 |
| Q-C-dist	1.4.2020 | 6.4.2020 | CHF	1.56 |
| Q-dist	1.4.2020 | 6.4.2020 | CHF	1.39 |
| 1  See note 5 |  |  |

UBS (Lux) Strategy Fund – Balanced (CHF) 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 CHF | 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 |  |  |  |
| Bearer shares |  |  |  |
| Switzerland |  |  |  |
| CHF	SWATCH GROUP CHF2.25(BR) | 5 279.00 | 1 356 703.00 | 0.10 |
| CHF	SWISS RE AG CHF0.10 | 52 209.00 | 4 106 759.94 | 0.31 |
| CHF	VIFOR PHARMA AG CHF0.01 | 8 237.00 | 998 324.40 | 0.07 |
| Total Switzerland |  | 6 461 787.34 | 0.48 |
| Total Bearer shares |  | 6 461 787.34 | 0.48 |
| Participation certificates |  |  |  |
| Switzerland |  |  |  |
| CHF	LINDT & SPRUENGLI PTG CERT CHF10 | 192.00 | 1 484 160.00 | 0.11 |
| CHF	SCHINDLER-HLDG AG PTG CERT CHF0.10(POST-SUBD) | 7 427.00 | 1 749 058.50 | 0.13 |
| Total Switzerland |  | 3 233 218.50 | 0.24 |
| Total Participation certificates |  | 3 233 218.50 | 0.24 |
| Other shares |  |  |  |
| Switzerland |  |  |  |
| CHF	ROCHE HLDGS AG GENUSSCHEINE NPV | 128 015.00 | 39 319 807.25 | 2.92 |
| Total Switzerland |  | 39 319 807.25 | 2.92 |
| Total Other shares |  | 39 319 807.25 | 2.92 |
| Registered shares |  |  |  |
| Switzerland |  |  |  |
| CHF	ABB LTD CHF0.12 (REGD) | 335 611.00 | 8 839 993.74 | 0.66 |
| CHF	ADECCO GROUP AG CHF0.1 (REGD) | 28 250.00 | 1 577 480.00 | 0.12 |
| CHF	ALCON AG CHF0.04 | 89 592.00 | 5 733 888.00 | 0.43 |
| CHF	BALOISE-HLDGS CHF0.1(REGD) | 8 436.00 | 1 259 494.80 | 0.09 |
| CHF	BARRY CALLEBAUT AG CHF0.02 (REGD) | 551.00 | 1 090 429.00 | 0.08 |
| CHF	BQE CANT VAUDOISE CHF1 | 5 493.00 | 519 088.50 | 0.04 |
| CHF	CLARIANT CHF4.00(REGD) | 36 815.00 | 698 012.40 | 0.05 |
| CHF	CREDIT SUISSE GRP CHF0.04(REGD) | 445 372.00 | 5 235 347.86 | 0.39 |
| CHF	EMS-CHEMIE HLDG AG CHF0.01(REGD)(POST RECON) | 1 488.00 | 1 251 408.00 | 0.09 |
| CHF	GEBERIT CHF0.10(REGD) | 6 749.00 | 3 682 254.40 | 0.27 |
| CHF	GIVAUDAN AG CHF10 | 1 681.00 | 6 044 876.00 | 0.45 |
| CHF	JULIUS BAER GRUPPE CHF0.02 (REGD) | 40 893.00 | 2 208 222.00 | 0.16 |
| CHF	KUEHNE&NAGEL INTL CHF1(REGD)(POST-SUBD) | 9 842.00 | 1 998 910.20 | 0.15 |
| CHF	LAFARGEHOLCIM LTD CHF2 (REGD) | 95 377.00 | 4 601 940.25 | 0.34 |
| CHF	LINDT & SPRUENGLI CHF100(REGD) | 18.00 | 1 495 800.00 | 0.11 |
| CHF	LOGITECH INTL CHF0.25(REGD) (POST-SUBD) | 29 932.00 | 2 779 485.52 | 0.21 |
| CHF	LONZA GROUP AG CHF1(REGD) | 13 573.00 | 7 736 610.00 | 0.57 |
| CHF	NESTLE SA CHF0.10(REGD) | 525 063.00 | 52 527 302.52 | 3.90 |
| CHF	NOVARTIS AG CHF0.50(REGD) | 404 538.00 | 32 577 445.14 | 2.42 |
| CHF	PARTNERS GROUP HLG CHF0.01 (REGD) | 3 406.00 | 3 591 627.00 | 0.27 |
| CHF	RICHEMONT(CIE FIN) CHF1.00 (REG) SER ‘A’ | 95 064.00 | 7 878 904.32 | 0.59 |
| CHF	SCHINDLER-HLDG AG CHF0.1(REGD)(POST-SUBD) | 3 681.00 | 864 298.80 | 0.06 |
| CHF	SGS LTD CHF1(REGD) | 1 102.00 | 2 985 318.00 | 0.22 |
| CHF	SIKA AG CHF0.01 (REG) | 25 828.00 | 6 260 707.20 | 0.46 |
| CHF	SONOVA HOLDING AG CHF0.05 (REGD) | 9 963.00 | 2 146 030.20 | 0.16 |
| CHF	STRAUMANN HLDG CHF0.1(REGD) | 1 884.00 | 1 864 406.40 | 0.14 |
| CHF	SWATCH GROUP CHF0.45(REGD) | 9 619.00 | 483 354.75 | 0.04 |
| CHF	SWISS LIFE HLDG CHF5.1(REGD) | 5 571.00 | 2 266 839.90 | 0.17 |
| CHF	SWISS PRIME SITE CHF15.3 (REGD) | 13 756.00 | 1 192 645.20 | 0.09 |
| CHF	SWISSCOM AG CHF1(REGD) | 4 712.00 | 2 287 204.80 | 0.17 |
| CHF	TEMENOS AG CHF5 (REGD) | 12 135.00 | 1 369 434.75 | 0.10 |
| CHF	UBS GROUP CHF0.10 (REGD) | 667 915.00 | 8 599 405.63 | 0.64 |
| CHF	ZURICH INSURANCE GRP CHF0.10 | 27 394.00 | 9 757 742.80 | 0.72 |
| Total Switzerland |  | 193 405 908.08 | 14.36 |
| Total Registered shares |  | 193 405 908.08 | 14.36 |
| Notes, fixed rate |  |  |  |
| CHF |  |  |  |
| CHF	EUROPEAN INVESTMENT BANK 1.62500% 11-23.11.23 | 300 000.00 | 319 500.00 | 0.03 |
| CHF	EUROPEAN INVESTMENT BANK 1.62500% 14-04.02.25 | 250 000.00 | 272 875.00 | 0.02 |
| CHF	SULZER AG 0.87500% 20-18.11.27 | 700 000.00 | 712 250.00 | 0.05 |
| Total CHF |  | 1 304 625.00 | 0.10 |
| Total Notes, fixed rate |  | 1 304 625.00 | 0.10 |
| Notes, zero coupon |  |  |  |
| CHF |  |  |  |
| CHF	CREDIT SUISSE SCHWEIZ AG-REG-S 0.00000% 20-31.07.25 | 1 400 000.00 | 1 423 100.00 | 0.10 |
| CHF	CREDIT SUISSE SCHWEIZ AG-REG-S 0.00000% 20-31.10.30 | 250 000.00 | 250 500.00 | 0.02 |
| Total CHF |  | 1 673 600.00 | 0.12 |
| Total Notes, zero coupon |  | 1 673 600.00 | 0.12 |

UBS (Lux) Strategy Fund – Balanced (CHF)
Annual report and audited financial statements as of 31 January 2021
| Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Notes, floating rate |  |  |  |
| CHF |  |  |  |
| CHF	HELVETIA SCHWEIZ VERSICHERUNGS-REG-S-SUB 1.750%/VAR 20-PRP | 425 000.00 | 436 050.00 | 0.03 |
| Total CHF |  | 436 050.00 | 0.03 |
| Total Notes, floating rate |  | 436 050.00 | 0.03 |
| Medium term notes, fixed rate |  |  |  |
| CHF |  |  |  |
| CHF	ABN AMRO BANK NV 2.62500% 11-27.04.21 | 900 000.00 | 907 020.00 | 0.07 |
| CHF	ADCB FINANCE CAYMAN LTD-REG-S 0.37500% 18-23.01.23 | 600 000.00 | 603 375.00 | 0.04 |
| CHF	ADCB FINANCE CAYMAN LTD 0.72500% 18-15.02.24 | 300 000.00 | 304 968.75 | 0.02 |
| CHF	AMP GROUP FINANCE SERVICES LTD-REG-S 0.80000% 19-18.07.23 | 1 200 000.00 | 1 199 400.00 | 0.09 |
| CHF	AMP GROUP FINANCE SERVICES LTD-REG-S 0.20310% 20-03.06.24 | 420 000.00 | 410 970.00 | 0.03 |
| CHF	AUCKLAND COUNCIL 1.12500% 13-07.02.24 | 600 000.00 | 630 300.00 | 0.05 |
| CHF	BANCO DE CREDITO E INVERSIONES-REG-S 0.40000% 19-22.11.24 | 300 000.00 | 302 250.00 | 0.02 |
| CHF	BANCO SANTANDER CHILE-REG-S 0.38400% 19-27.09.24 | 350 000.00 | 352 163.00 | 0.03 |
| CHF	BANK OF MONTREAL-REG-S 0.05000% 18-30.12.22 | 2 500 000.00 | 2 525 000.00 | 0.19 |
| CHF	BANK OF NOVA SCOTIA-REG-S 0.20000% 18-19.11.25 | 300 000.00 | 309 150.00 | 0.02 |
| CHF	BASELLANDSCHAFTLICHE KANTONALBANK 0.05000% 20-28.01.31 | 1 200 000.00 | 1 203 600.00 | 0.09 |
| CHF	BERLIN HYP AG 0.25000% 20-11.09.28 | 1 000 000.00 | 1 021 000.00 | 0.08 |
| CHF	BNZ INTERNATIONAL FUND LTD/LONDON-REG-S 0.11100% 20-24.07.28 | 300 000.00 | 302 100.00 | 0.02 |
| CHF	CAISSE DES DEPOTS ET CONSIGNATIONS 0.25000% 18-30.05.25 | 600 000.00 | 618 600.00 | 0.05 |
| CHF	CANADIAN IMPERIAL BANK-REG-S 0.15000% 18-31.07.23 | 500 000.00 | 506 750.00 | 0.04 |
| CHF	CBQ FINANCE LTD-REG-S 0.69700% 18-22.03.21 | 1 200 000.00 | 1 200 375.00 | 0.09 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT 0.19400% 15-19.11.21 | 1 000 000.00 | 1 006 500.00 | 0.07 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT-REG-S 0.20000% 19-25.03.24 | 1 800 000.00 | 1 829 700.00 | 0.14 |
| CHF	CITIGROUP INC-REG-S 0.50000% 19-01.11.28 | 375 000.00 | 384 937.50 | 0.03 |
| CHF	COMMONWEALTH BANK OF AUSTRALIA 1.50000% 14-07.02.22 | 300 000.00 | 306 360.00 | 0.02 |
| CHF	COMPAGNIE DE FINANCEMENT FONCIER 3.00000% 07-07.06.22 | 500 000.00 | 524 050.00 | 0.04 |
| CHF	CORP ANDINA DE FOMENTO 1.37500% 13-11.02.21 | 1 000 000.00 | 1 000 500.00 | 0.07 |
| CHF	CORPORACION ANDINA DE FOMENTO 0.15000% 16-24.02.22 | 1 000 000.00 | 1 005 100.00 | 0.07 |
| CHF	CREDIT AGRICOLE HOME LOAN SFH SA 0.50000% 15-16.03.27 | 450 000.00 | 473 400.00 | 0.04 |
| CHF	CREDIT AGRICOLE HOME LOAN SFH SA 0.25000% 15-18.06.26 | 700 000.00 | 724 150.00 | 0.05 |
| CHF	CREDIT AGRICOLE HOME LOAN SFH SA-REG-S 0.25000% 18-08.12.25 | 700 000.00 | 722 400.00 | 0.05 |
| CHF	CREDIT SUISSE LONDON BRANCH-REG-S 1.00000% 14-24.09.21 | 1 000 000.00 | 1 010 000.00 | 0.07 |
| CHF	DANSKE BANK AS-REG-S 0.62500% 19-24.11.22 | 1 000 000.00 | 1 011 000.00 | 0.08 |
| CHF	DEUTSCHE BAHN FINANCE BV 1.37500% 13-24.07.23 | 300 000.00 | 315 150.00 | 0.02 |
| CHF	DNB BANK ASA-REG-S 0.05000% 19-13.03.24 | 1 500 000.00 | 1 517 250.00 | 0.11 |
| CHF	DVB BANK SE 0.57500% 15-17.06.22 | 840 000.00 | 845 460.00 | 0.06 |
| CHF	EUROPEAN INVESTMENT BANK 1.50000% 12-02.08.24 | 1 100 000.00 | 1 184 150.00 | 0.09 |
| CHF	EXPORT-IMPORT BANK OF KOREA-REG-S 0.38250% 18-11.07.24 | 600 000.00 | 613 800.00 | 0.05 |
| CHF	FIRST ABU DHABI BANK PJSC-REG-S 0.07000% 19-18.10.27 | 1 650 000.00 | 1 640 203.13 | 0.12 |
| CHF	FIRST ABU DHABI BANK PJSC-REG-S 0.20500% 19-04.12.25 | 450 000.00 | 453 796.87 | 0.03 |
| CHF	HYUNDAI CAPITAL SERVICES INC-REG-S 0.75250% 20-06.07.23 | 350 000.00 | 356 678.00 | 0.03 |
| CHF	ING BANK NV 2.62500% 11-23.03.21 | 800 000.00 | 803 680.00 | 0.06 |
| CHF	INSTITUTO DE CREDITO OFICIAL 3.25000% 07-28.06.24 | 700 000.00 | 788 550.00 | 0.06 |
| CHF	JACKSON NATIONAL LIFE GLOBAL FUND-REG-S 0.12500% 20-14.07.28 | 500 000.00 | 500 000.00 | 0.04 |
| CHF	JPMORGAN CHASE & CO 0.50000% 15-04.12.23 | 350 000.00 | 358 225.00 | 0.03 |
| CHF	KOMMUNEKREDIT 2.87500% 06-13.10.31 | 300 000.00 | 400 650.00 | 0.03 |
| CHF	KOREA DEVELOPMENT BANK-REG-S 0.30300% 18-14.06.23 | 600 000.00 | 609 900.00 | 0.05 |
| CHF	KOREA LAND & HOUSING CORP-REG-S 0.19250% 20-15.06.25 | 280 000.00 | 283 850.00 | 0.02 |
| CHF	KOREA NATIONAL OIL CORP-REG-S 0.37300% 18-01.06.23 | 900 000.00 | 915 300.00 | 0.07 |
| CHF	KOREA WATER RESOURCES CORP-REG-S 0.15000% 18-20.09.23 | 1 500 000.00 | 1 517 343.75 | 0.11 |
| CHF	LAFARGEHOLCIM HELVETIA FINANCE-REG-S 1.05000% 20-11.04.22 | 700 000.00 | 709 940.00 | 0.05 |
| CHF	LUZERNER KANTONALBANK-REG-S 0.10000% 18-08.05.24 | 1 100 000.00 | 1 118 700.00 | 0.08 |
| CHF	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 1.00000% 14-19.09.22 | 500 000.00 | 512 500.00 | 0.04 |
| CHF	MUENCHENER HYPOTHEKENBANK EG-REG-S 0.50000% 18-14.06.28 | 300 000.00 | 317 550.00 | 0.02 |
| CHF	MUENCHENER HYPOTHEKENBANK EG-REG-S 0.00100% 19-19.02.24 | 1 400 000.00 | 1 424 500.00 | 0.11 |
| CHF	MUENCHENER HYPOTHEKENBANK EG-REG-S 0.20000% 19-18.06.31 | 400 000.00 | 413 200.00 | 0.03 |
| CHF	MUNICIPALITY FINANCE PLC 0.87500% 13-01.02.23 | 900 000.00 | 927 900.00 | 0.07 |
| CHF	NATIONAL AUSTRALIA BANK LTD 1.00000% 14-10.12.21 | 1 000 000.00 | 1 013 700.00 | 0.08 |
| CHF	NATIONAL AUSTRALIA BANK LTD 0.25000% 18-13.03.24 | 1 400 000.00 | 1 427 300.00 | 0.11 |
| CHF	NATIONAL AUSTRALIA BANK LTD-REG-S 0.06500% 20-29.01.29 | 1 000 000.00 | 1 012 000.00 | 0.08 |
| CHF	NATIONWIDE BUILDING SOCIETY-REG-S 0.16750% 19-11.07.31 | 300 000.00 | 307 950.00 | 0.02 |
| CHF	NATWEST MARKETS PLC-REG-S 0.12500% 19-13.09.23 | 400 000.00 | 402 000.00 | 0.03 |
| CHF	NEDERLANDSE WATERSCHAPSBANK NV 2.37500% 06-27.01.23 | 1 500 000.00 | 1 591 500.00 | 0.12 |
| CHF	NEW YORK LIFE GLOBAL FUNDING 0.37500% 15-02.02.22 | 2 450 000.00 | 2 475 235.00 | 0.18 |
| CHF	OESTERREICHISCHE KONTROLLBANK AG 1.75000% 12-24.05.23 | 100 000.00 | 105 650.00 | 0.01 |
| CHF	PFANDBRIEFBK SCHWEIZER HYPO INST-REG-S 0.12500% 19-08.05.29 | 250 000.00 | 257 425.00 | 0.02 |
| CHF	RABOBANK NEDERLAND NV 2.00000% 10-16.09.21 | 800 000.00 | 813 280.00 | 0.06 |
| CHF	ROYAL BANK OF CANADA 2.25000% 11-21.04.21 | 1 800 000.00 | 1 811 340.00 | 0.13 |
| CHF	ROYAL BANK OF CANADA-REG-S 0.10000% 18-18.07.23 | 700 000.00 | 708 400.00 | 0.05 |
| CHF	SANTANDER CONSUMER FINANCE SA-REG-S 0.15000% 19-10.12.24 | 750 000.00 | 758 625.00 | 0.06 |
| CHF	SHELL INTERNATIONAL FINANCE BV 0.37500% 15-21.08.23 | 1 500 000.00 | 1 525 500.00 | 0.11 |
| CHF	SYNGENTA FINANCE LTD REG-S 1.62500% 14-01.11.24 | 700 000.00 | 703 500.00 | 0.05 |
| CHF	TOTAL CAPITAL INTERNATIONAL SA-REG-S 1.00000% 14-29.08.24 | 300 000.00 | 315 000.00 | 0.02 |
| CHF	UBS GROUP AG-REG-S 0.87500% 19-30.01.25 | 600 000.00 | 620 700.00 | 0.05 |
| CHF	VERIZON COMMUNICATIONS INC-REG-S 0.37500% 17-31.05.23 | 400 000.00 | 406 800.00 | 0.03 |
| Total CHF |  | 57 179 301.00 | 4.25 |
| Total Medium term notes, fixed rate |  | 57 179 301.00 | 4.25 |
| Medium term notes, zero coupon |  |  |  |
| CHF |  |  |  |
| CHF	BANK OF THE PHILIPPINE ISLANDS-REG-S 0.00000% 19-24.09.21 | 560 000.00 | 558 425.00 | 0.04 |
| CHF	EXPORT-IMPORT BANK OF KOREA-REG-S 0.00000% 19-27.05.25 | 1 400 000.00 | 1 413 300.00 | 0.10 |
| CHF	KOREA HYDRO & NUCLEAR POWER CO-REG-S 0.00000% 19-19.07.24 | 900 000.00 | 906 156.00 | 0.07 |
| CHF	NATIONWIDE BUILDING SOCIETY-REG-S 0.00000% 19-11.07.25 | 1 135 000.00 | 1 155 430.00 | 0.09 |
| Total CHF |  | 4 033 311.00 | 0.30 |
| Total Medium term notes, zero coupon |  | 4 033 311.00 | 0.30 |

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

Bonds, fixed rate
| CHF |  |
| --- | --- |
| CHF | AARGAUISCHE KANTONALBANK 0.15000% 15-18.05.22 | 1 650 000.00 | 1 665 344.99 | 0.12 |
| CHF | AARGAUISCHE KANTONALBANK 0.25000% 18-03.04.25 | 800 000.00 | 820 400.00 | 0.06 |
| CHF | APPLE INC-REG-S 0.37500% 15-25.11.24 | 115 000.00 | 118 737.50 | 0.01 |
| CHF | BASELLANDSCHAFTLICHE KANTONALBANK 0.25000% 15-13.05.25 | 800 000.00 | 821 200.00 | 0.06 |
| CHF | BASLER KANTONALBANK 0.15000% 19-02.04.27 | 200 000.00 | 204 500.00 | 0.02 |
| CHF | BASLER KANTONALBANK 0.12500% 20-10.09.32 | 375 000.00 | 378 562.50 | 0.03 |
| CHF | CENTRAL AMERICAN BK ECO INTEGRAT 1.12500% 14-24.02.23 | 900 000.00 | 929 250.00 | 0.07 |
| CHF | COOP-GRUPPE GENOSSENSCHAFT-REG-S 0.75000% 20-05.05.23 | 550 000.00 | 561 275.00 | 0.04 |
| CHF | DEUTSCHE PFANDBRIEFBANK AG-REG-S 0.12500% 19-05.06.23 | 800 000.00 | 803 200.00 | 0.06 |
| CHF | FREIBURGER KANTONALBANK 0.14000% 20-12.06.30 | 750 000.00 | 761 250.00 | 0.06 |
| CHF | GENEVA, CANTON OF-REG-S 0.37500% 20-27.02.30 | 700 000.00 | 731 500.00 | 0.05 |
| CHF | GRAUBUENDNER KANTONALBANK 1.37500% 13-11.03.25 | 1 500 000.00 | 1 611 750.00 | 0.12 |
| CHF | KEB HANA BANK-REG-S 0.40750% 18-14.09.23 | 1 100 000.00 | 1 117 531.25 | 0.08 |
| CHF | KOREA NATIONAL OIL CORP-REG-S 0.87500 20-21.04.25 | 700 000.00 | 732 900.00 | 0.05 |
| CHF | MONDELEZ INTERNATIONAL INC-REG-S 0.61700% 17-30.09.24 | 200 000.00 | 205 200.00 | 0.02 |
| CHF | OESTERREICHISCHE KONTROLLBANK AG 2.62500% 06-22.11.24 | 600 000.00 | 673 200.00 | 0.05 |
| CHF | OESTERREICHISCHE KONTROLLBANK AG 1.00000% 12-28.09.21 | 500 000.00 | 505 600.00 | 0.04 |
| CHF | PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 1.50000% 14-15.12.25 | 1 050 000.00 | 1 150 590.00 | 0.09 |
| CHF | PFANDBRIEFZENTR SCHWEIZ KANTONAL-REG-S 0.12500% 18-31.10.24 | 300 000.00 | 307 290.00 | 0.02 |
| CHF | PFANDBRIEFZENTR SCHWEIZ KANTONBK-REG-S 0.12500% 20-03.09.35 | 1 000 000.00 | 1 014 700.00 | 0.08 |
| CHF | RAIFFEISEN SCHWEIZ GENOSSENSCHAFT-REG-S 0.18250% 20-11.11.25 | 700 000.00 | 703 500.00 | 0.05 |
| CHF | ROCHE KAPITALMARKT AG 0.10000% 17-23.09.24 | 1 040 000.00 | 1 061 320.00 | 0.08 |
| CHF | SGS SA-REG-S 0.45000% 20-06.11.23 | 560 000.00 | 570 640.00 | 0.04 |
| CHF | UBS AG/LONDON-REG-S 0.17000% 20-13.05.22 | 1 250 000.00 | 1 261 875.00 | 0.09 |
| CHF | UBS GROUP AG-REG-S 0.75000% 16-22.02.22 | 400 000.00 | 404 840.00 | 0.03 |
| CHF | UBS GROUP AG-REG-S 0.62500% 17-18.05.24 | 800 000.00 | 817 600.00 | 0.06 |
| CHF | WALLISER KANTONALBANK 0.25000% 15-16.03.23 | 1 500 000.00 | 1 522 500.00 | 0.11 |
| CHF | ZUERCHER KANTONALBANK 1.50000% 14-27.01.23 | 800 000.00 | 832 400.00 | 0.06 |
| CHF | ZUERCHER KANTONALBANK 0.04000% 15-09.12.22 | 700 000.00 | 707 350.00 | 0.05 |
| CHF | ZUERCHER KANTONALBANK 0.03000% 16-11.02.22 | 300 000.00 | 301 950.00 | 0.02 |
| CHF | ZUERICH, CITY OF-REG-S 2.75000% 05-14.02.25 | 600 000.00 | 679 200.00 | 0.05 |
| CHF | ZUGER KANTONALBANK 0.12500% 19-03.12.29 | 500 000.00 | 507 250.00 | 0.04 |
| Total CHF |  |  | 24 484 406.24 | 1.81 |
| Total Bonds, fixed rate |  | 24 484 406.24 | 1.81 |
| Bonds, zero coupon |  |  |  |
| CHF |  |  |  |
| CHF	AARGAUISCHE KANTONALBANK 0.00000% 16-08.03.22 | 1 000 000.00 | 1 006 000.00 | 0.08 |
| CHF	BALOISE HOLDING AG-REG-S 0.00000% 19-23.09.22 | 900 000.00 | 898 110.00 | 0.07 |
| CHF	BASEL-STADT, CANTON OF 0.00000% 16-05.09.23 | 100 000.00 | 101 700.00 | 0.01 |
| CHF	BASLER KANTONALBANK-REG-S 0.00000% 18-11.04.22 | 1 500 000.00 | 1 508 850.00 | 0.11 |
| CHF	KOREA GAS CORP-REG-S 0.00000% 19-28.11.23 | 1 240 000.00 | 1 251 160.00 | 0.09 |
| CHF	KOREA NATIONAL OIL CORP-REG-S 0.00000% 19-04.10.24 | 500 000.00 | 504 687.50 | 0.04 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 0.00000% 16-05.07.22 | 1 300 000.00 | 1 311 700.00 | 0.10 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO-REG-S 0.00000% 20-25.02.28 | 900 000.00 | 919 710.00 | 0.07 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONALBANKEN 0.00000% 15-25.07.23 | 850 000.00 | 862 835.00 | 0.06 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONALBANKEN 0.00000% 16-27.01.27 | 600 000.00 | 613 140.00 | 0.05 |
| CHF	VALIANT BANK AG-REG-S 0.00000% 19-31.10.25 | 1 500 000.00 | 1 526 250.00 | 0.11 |
| CHF	WALLISER KANTONALBANK-REG-S 0.00000% 20-14.02.29 | 600 000.00 | 602 400.00 | 0.04 |
| CHF	ZUERCHER KANTONALBANK 0.00000% 21-21.01.33 | 700 000.00 | 695 100.00 | 0.05 |
| CHF	ZUERICH, CANTON OF-REG-S 0.00000% 18-14.03.23 | 1 500 000.00 | 1 521 000.00 | 0.11 |
| Total CHF |  | 13 322 642.50 | 0.99 |
| Total Bonds, zero coupon |  | 13 322 642.50 | 0.99 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 3 480 000.00 | 4 381 656.68 | 0.32 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 5 577 000.00 | 5 460 336.14 | 0.40 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.11.27 | 5 550 000.00 | 5 435 636.71 | 0.40 |
| USD	AMERICA, UNITED STATES OF 2.87500% 18-31.05.25 | 520 000.00 | 513 043.44 | 0.04 |
| USD	AMERICA, UNITED STATES OF 2.75000% 14-15.02.24 | 1 070 000.00 | 1 025 976.72 | 0.08 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 1 450 000.00 | 1 296 571.14 | 0.10 |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 1 140 000.00 | 1 035 615.34 | 0.08 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 560 000.00 | 514 366.72 | 0.04 |
| USD	AMERICA, UNITED STATES OF 2.12500% 15-15.05.25 | 3 250 000.00 | 3 111 541.06 | 0.23 |
| USD	AMERICA, UNITED STATES OF 1.75000% 19-15.11.29 | 2 145 000.00 | 2 035 802.33 | 0.15 |
| USD	AMERICA, UNITED STATES OF 0.25000% 20-31.07.25 | 880 000.00 | 778 842.02 | 0.06 |
| Total USD |  | 25 589 388.30 | 1.90 |
| Total Treasury notes, fixed rate |  | 25 589 388.30 | 1.90 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 1 430 000.00 | 2 913 316.07 | 0.22 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 2 285 000.00 | 3 302 072.24 | 0.24 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 2 300 000.00 | 2 519 960.10 | 0.19 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 2 400 000.00 | 2 587 744.07 | 0.19 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 3 140 000.00 | 3 327 337.48 | 0.25 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 2 470 000.00 | 2 670 018.36 | 0.20 |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 2 487 000.00 | 2 688 715.57 | 0.20 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 20-15.01.30 | 2 940 000.00 | 2 961 781.75 | 0.22 |
| Total USD |  | 22 970 945.64 | 1.71 |
| Total Treasury notes, floating rate |  | 22 970 945.64 | 1.71 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 393 414 990.85 | 29.21 |

UBS (Lux) Strategy Fund – Balanced (CHF)
Annual report and audited financial statements as of 31 January 2021
| Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 2 345 000.00 | 2 445 317.19 | 0.18 |
| Total USD |  | 2 445 317.19 | 0.18 |
| Total Treasury notes, floating rate |  | 2 445 317.19 | 0.18 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 2 445 317.19 | 0.18 |

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 | 53 669.00 | 0.58 | 0.00 |
| Total Portugal | 0.58 | 0.00 |
| Total Registered shares | 0.58 | 0.00 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market | 0.58 | 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	4 657 667.00 | 30 180 966.74 | 2.24 |
| USD	ISHRS III PLC-MSCI WORLD SML CAP UCITS ETF-UNHDG USD-ACC	4 915 000.00 | 28 831 500.10 | 2.14 |
| USD	UBS (IRL) INVESTOR SELECTION PLC - GLOB EMER MKT OPP-I-B USD	13 738.00 | 4 087 385.42 | 0.31 |
| Total Ireland | 63 099 852.26 | 4.69 |
| Luxembourg |  |  |
| EUR	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC	180 729.00 | 27 121 208.41 | 2.01 |
| EUR	UBS (LUX) BOND SICAV - EUR CORP SUSTAINABLE (EUR) U-X-ACC	6 955.00 | 95 674 459.94 | 7.10 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC	2 161.00 | 40 847 314.66 | 3.03 |
| USD	UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS	406 094.00 | 40 389 004.67 | 3.00 |
| USD	UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC	17 317.70 | 189 530 514.33 | 14.07 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND-GLOBAL BONDS (USD)-U-X ACC	5 167.00 | 66 941 680.44 | 4.97 |
| USD	UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC	6 305.00 | 75 725 632.13 | 5.62 |
| USD	UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC	2 183.00 | 78 875 345.81 | 5.86 |
| USD	UBS (LUX) EQUITY SICAV-GLOBAL QUANTITATIVE (USD) U-X-ACC	4 760.00 | 73 109 843.79 | 5.43 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL OPPORTUNITY (USD) U-X-ACC	7 533.00 | 74 350 146.41 | 5.52 |
| USD	UBS (LUX) INST FUND-KEY SEL. GLOBAL EQUITY FA-USD	2 750.00 | 74 169 514.85 | 5.51 |
| USD	UBS (LUX) INSTITUTION SICAV-EQUITIES GLB (EX USA) PASSIVE XA	279 822.00 | 28 026 989.43 | 2.08 |
| Total Luxembourg | 864 761 654.87 | 64.20 |
| Total Investment funds, open end | 927 861 507.13 | 68.89 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 927 861 507.13 | 68.89 |
| 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	-715.00 | -296 737.59 | -0.02 |
| EUR	EURO STOXX 50 INDEX CALL 4000.00000 19.03.21	-715.00 | -3 863.77 | 0.00 |
| EUR	EURO STOXX 50 INDEX CALL 3650.00000 19.03.21	715.00 | 304 465.14 | 0.02 |
| Total EUR | 3 863.78 | 0.00 |
| Total Options on indices, classic-styled | 3 863.78 | 0.00 |
| Total Derivative instruments listed on an official stock exchange | 3 863.78 | 0.00 |
| Total investments in securities | 1 323 725 679.53 | 98.28 |
| Derivative instruments |  |  |
| Derivative instruments listed on an official stock exchange |  |  |
| Financial Futures on bonds |  |  |
|  |  |  |
| USD	US LONG BOND FUTURE 22.03.21	169.00 | -869 167.00 | -0.07 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.21	-480.00 | 3 336.21 | 0.00 |
| Total Financial Futures on bonds | -865 830.79 | -0.07 |
| Financial Futures on Indices |  |  |
|  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.03.21	529.00 | -382 075.59 | -0.03 |
| CHF	SWISS MARKET INDEX FUTURE 19.03.21	12.00 | 24 480.00 | 0.00 |
| GBP	FTSE 100 INDEX FUTURE 19.03.21	487.00 | -967 048.09 | -0.07 |
| SEK	OMX 30 INDEX FUTURE 19.02.21	-153.00 | 21 795.90 | 0.00 |

UBS (Lux) Strategy Fund – Balanced (CHF) Annual report and audited financial statements as of 31 January 2021
|  | Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | S&P500 EMINI FUTURE 19.03.21 | -266.00 | 252 383.97 | 0.02 |
| USD | MINI MSCI EMERGING MARKETS INDEX FUTURE 19.03.21 | 337.00 | -170 015.90 | -0.01 |
| JPY | NIKKEI 225 (OSE) INDEX FUTURE 11.03.21 | -8.00 | 46 903.79 | 0.00 |
| AUD | SPI 200 INDEX FUTURES 18.03.21 | -75.00 | 80 625.70 | 0.01 |
| CAD | S&P/TSX 60 INDEX FUTURE 18.03.21 | -77.00 | 51 691.44 | 0.00 |
| HKD | HANG SENG INDEX FUTURE 25.02.21 | -25.00 | 218 274.02 | 0.02 |
| Total Financial Futures on Indices | -822 984.76 | -0.06 |
| Total Derivative instruments listed on an official stock exchange | -1 688 815.55 | -0.13 |
| Total Derivative instruments | -1 688 815.55 | -0.13 |
| Forward Foreign Exchange contracts |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |

| GBP | 700 000.00 | CHF | 840 922.60 | 4.2.2021 | 14 117.63 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 8 262 613.18 | HKD | 70 515 000.00 | 4.2.2021 | 173 310.17 | 0.01 |
| CHF | 87 412 698.61 | EUR | 80 944 684.11 | 4.2.2021 | -67 432.61 | -0.01 |
| GBP | 21 906 596.69 | CHF | 26 333 591.28 | 4.2.2021 | 425 010.85 | 0.03 |
| CHF | 7 681 787.62 | AUD | 11 539 701.34 | 4.2.2021 | -193 897.54 | -0.01 |
| CHF | 87 607.35 | ZAR | 1 500 000.00 | 4.2.2021 | -987.73 | 0.00 |
| SGD | 7 500 000.00 | CHF | 5 069 478.90 | 4.2.2021 | -42 569.09 | 0.00 |
| CHF | 2 131 451.25 | SEK | 20 187 899.80 | 4.2.2021 | -24 214.87 | 0.00 |
| JPY | 91 478 280.00 | CHF | 797 600.87 | 4.2.2021 | -20 364.91 | 0.00 |
| CHF | 791 495.18 | NOK | 7 881 297.40 | 4.2.2021 | -28 159.04 | 0.00 |
| CHF | 1 977 067.46 | CAD | 2 846 880.57 | 4.2.2021 | -5 267.89 | 0.00 |
| ILS | 100 000.00 | CHF | 27 097.44 | 4.2.2021 | 61.98 | 0.00 |
| CHF | 2 974 317.33 | DKK | 20 510 000.00 | 4.2.2021 | -5 900.71 | 0.00 |
| CHF | 289 903 330.64 | USD | 319 206 486.06 | 4.2.2021 | 5 967 568.47 | 0.44 |
| GBP | 800 000.00 | CHF | 967 740.00 | 4.2.2021 | 9 448.84 | 0.00 |
| CHF | 105 816.28 | SEK | 1 000 000.00 | 4.2.2021 | -963.83 | 0.00 |
| GBP | 1 200 000.00 | CHF | 1 457 588.40 | 4.2.2021 | 8 194.85 | 0.00 |
| CHF | 993 742.20 | USD | 1 100 000.00 | 4.2.2021 | 15 286.71 | 0.00 |
| EUR | 900 000.00 | CHF | 972 893.70 | 4.2.2021 | -228.00 | 0.00 |
| EUR | 700 000.00 | CHF | 755 148.10 | 4.2.2021 | 1 369.67 | 0.00 |
| GBP | 1 200 000.00 | CHF | 1 416 213.60 | 4.2.2021 | 49 569.65 | 0.01 |
| CAD | 3 900 000.00 | JPY | 317 739 240.00 | 4.2.2021 | 16 003.74 | 0.00 |
| NOK | 39 800 000.00 | USD | 4 508 699.07 | 4.2.2021 | 128 699.85 | 0.01 |
| AUD | 6 000 000.00 | JPY | 470 450 022.00 | 4.2.2021 | 97 792.90 | 0.01 |
| SEK | 6 500 000.00 | CHF | 685 315.18 | 4.2.2021 | 8 755.52 | 0.00 |
| HKD | 8 000 000.00 | CHF | 914 732.00 | 4.2.2021 | 3 007.83 | 0.00 |
| CHF | 14 455 122.50 | GBP | 12 250 000.00 | 4.2.2021 | -508 081.54 | -0.04 |
| CHF | 12 001 335.27 | USD | 13 550 000.00 | 4.2.2021 | -51 457.34 | 0.01 |
| USD | 7 700 000.00 | CHF | 6 812 166.90 | 4.2.2021 | 37 021.52 | 0.00 |
| USD | 1 100 000.00 | CHF | 970 228.60 | 4.2.2021 | 8 226.89 | 0.00 |
| USD | 8 400 000.00 | CHF | 7 422 777.60 | 4.2.2021 | 49 064.32 | 0.01 |
| GBP | 900 000.00 | CHF | 1 074 974.40 | 4.2.2021 | 24 363.04 | 0.00 |
| USD | 900 000.00 | CHF | 800 187.30 | 4.2.2021 | 367.19 | 0.00 |
| CHF | 113 349.96 | HKD | 1 000 000.00 | 4.2.2021 | -1 367.52 | 0.00 |
| CHF | 83 429 182.21 | EUR | 77 206 636.16 | 19.3.2021 | 13 348.55 | 0.00 |
| GBP | 11 476 990.71 | CHF | 13 718 745.40 | 19.3.2021 | 286 243.20 | 0.02 |
| CHF | 7 181 701.14 | HKD | 63 672 000.00 | 19.3.2021 | -114 158.29 | -0.01 |
| CHF | 6 004 329.01 | JPY | 705 325 527.00 | 19.3.2021 | 16 314.01 | 0.00 |
| CHF | 2 234 814.88 | CAD | 3 233 473.03 | 19.3.2021 | -14 183.86 | 0.00 |
| NOK | 31 451 599.94 | CHF | 3 271 259.52 | 19.3.2021 | -4 632.48 | 0.00 |
| CHF | 3 356 911.37 | AUD | 4 911 333.77 | 19.3.2021 | 8 263.68 | 0.00 |
| CHF | 279 224 158.54 | USD | 319 264 746.75 | 19.3.2021 | -4 416 683.93 | -0.33 |
| SGD | 5 025 000.00 | CHF | 3 337 998.78 | 19.3.2021 | 25 869.51 | 0.00 |
| CHF | 2 492 414.52 | DKK | 17 155 000.00 | 19.3.2021 | 792.93 | 0.00 |
| CHF | 1 239 722.58 | SEK | 11 549 038.60 | 19.3.2021 | 7 460.69 | 0.00 |
| CHF | 2 911 499.25 | USD | 3 300 000.00 | 4.2.2021 | -23 867.22 | 0.00 |
| CHF | 2 907 895.32 | USD | 3 300 000.00 | 19.3.2021 | -23 887.13 | 0.00 |
| CHF | 362 374.92 | GBP | 300 000.00 | 19.3.2021 | -3 705.06 | 0.00 |
| CHF | 362 743.41 | GBP | 300 000.00 | 4.2.2021 | -3 702.40 | 0.00 |
| CHF | 1 671 492.85 | JPY | 195 000 000.00 | 4.2.2021 | 14 695.07 | 0.00 |
| HKD | 7 500 000.00 | CHF | 860 023.99 | 19.3.2021 | -636.10 | 0.00 |
| CHF | 363 881.65 | NOK | 3 500 000.00 | 4.2.2021 | -118.03 | 0.00 |
| CHF | 1 670 165.02 | JPY | 195 000 000.00 | 19.3.2021 | 14 669.96 | 0.00 |
| HKD | 7 500 000.00 | CHF | 860 984.62 | 4.2.2021 | -603.53 | 0.00 |
| CHF | 363 334.60 | NOK | 3 500 000.00 | 19.3.2021 | -182.51 | 0.00 |
| CHF | 279 391.20 | CAD | 400 000.00 | 4.2.2021 | 863.84 | 0.00 |
| CHF | 279 085.20 | CAD | 400 000.00 | 19.3.2021 | 870.57 | 0.00 |
| CHF | 1 937 183.04 | EUR | 1 800 000.00 | 4.2.2021 | -8 148.37 | 0.00 |
| CHF | 1 936 610.82 | EUR | 1 800 000.00 | 19.3.2021 | -8 150.77 | 0.00 |
| CHF | 424 694.41 | SEK | 4 000 000.00 | 4.2.2021 | -2 426.02 | 0.00 |
| CHF | 424 347.89 | SEK | 4 000 000.00 | 19.3.2021 | -2 445.00 | 0.00 |
| CHF | 5 692 974.72 | USD | 6 400 000.00 | 4.2.2021 | 142.78 | 0.00 |
| CHF | 5 686 016.00 | USD | 6 400 000.00 | 19.3.2021 | 134.89 | 0.00 |
| IDR | 143 829 100 000.00 | USD | 10 158 857.18 | 26.3.2021 | 44 930.40 | 0.00 |
| INR | 730 700 000.00 | USD | 9 909 677.77 | 26.3.2021 | 39 471.82 | 0.00 |
| USD | 10 306 085.70 | TWD | 286 200 000.00 | 26.3.2021 | 20 528.66 | 0.00 |
| RUB | 442 800 000.00 | USD | 5 963 355.26 | 26.3.2021 | -115 143.19 | -0.01 |
| USD | 1 000 000.00 | CHF | 890 630.00 | 4.2.2021 | -1 125.01 | 0.00 |
| USD | 900 000.00 | CHF | 800 572.50 | 19.3.2021 | -995.47 | 0.00 |
| CHF | 172 314.55 | HKD | 1 500 000.00 | 4.2.2021 | 238.33 | 0.00 |
| CHF | 172 117.76 | HKD | 1 500 000.00 | 19.3.2021 | 240.18 | 0.00 |
| USD | 1 100 000.00 | CHF | 974 749.60 | 19.3.2021 | 2 511.22 | 0.00 |
| USD | 1 100 000.00 | CHF | 975 955.20 | 4.2.2021 | 2 500.29 | 0.00 |
| JPY | 55 000 000.00 | CHF | 470 438.90 | 19.3.2021 | -3 504.40 | 0.00 |
| JPY | 55 000 000.00 | CHF | 470 820.27 | 4.2.2021 | -3 518.33 | 0.00 |
| CHF | 344 335.30 | GBP | 282 500.00 | 4.2.2021 | -734.51 | 0.00 |
| CHF | 343 985.84 | GBP | 282 500.00 | 19.3.2021 | -739.48 | 0.00 |
| EUR | 800 000.00 | CHF | 863 225.60 | 19.3.2021 | 1 112.88 | 0.00 |

UBS (Lux) Strategy Fund – Balanced (CHF)
Annual report and audited financial statements as of 31 January 2021
| Description	Quantity/ | Valuation in CHF | 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 | 900 000.00 | CHF | 971 417.70 | 4.2.2021 | 1 248.00 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 791 247.60 | GBP | 650 000.00 | 19.3.2021 | -1 925.70 | 0.00 |
| USD | 1 500 000.00 | CHF | 1 332 522.00 | 4.2.2021 | 1 735.48 | 0.00 |
| USD | 1 400 000.00 | CHF | 1 242 173.80 | 19.3.2021 | 1 612.69 | 0.00 |
| CHF | 792 057.50 | GBP | 650 000.00 | 4.2.2021 | -1 908.43 | 0.00 |
| Total Forward Foreign Exchange contracts | 1 835 023.41 | 0.14 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 22 414 743.13 | 1.66 |
| Bank overdraft and other short-term liabilities | -4 334 240.31 | -0.32 |
| Other assets and liabilities | 4 929 556.91 | 0.37 |
| Total net assets | 1 346 881 947.12 | 100.00 |

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

Translation (ENFR, 2021-01-31):
# UBS (Lux) Strategy Fund – Balanced (CHF)
| Comparaison sur trois ans |  |
| --- | --- |
|  | ISIN | 31.1.2021 | 31.1.2020 | 31.1.2019 |
| Actif net en CHF |  | 1 346 881 947.12 | 1 408 004 799.97 | 1 384 994 043.84 |
| Catégorie P-acc | LU0049785289 |  |  |  |
| Parts en circulation |  | 486 797.6440 | 514 386.9190 | 535 141.9790 |
| Valeur nette d’inventaire par part en CHF |  | 2 152.05 | 2 107.30 | 1 976.60 |
| Prix d’émission et de rachat par part en CHF 1 |  | 2 152.05 | 2 107.30 | 1 976.60 |
| Catégorie P-C-dist | LU0108564260 |  |  |  |
| Parts en circulation |  | 67 945.8850 | 65 854.7630 | 69 884.2330 |
| Valeur nette d’inventaire par part en CHF |  | 110.81 | 109.59 | 103.72 |
| Prix d’émission et de rachat par part en CHF 1 |  | 110.81 | 109.59 | 103.72 |
| Catégorie P-dist | LU0049785107 |  |  |  |
| Parts en circulation |  | 148 784.6850 | 162 021.9720 | 177 234.9400 |
| Valeur nette d’inventaire par part en CHF |  | 1 550.37 | 1 534.39 | 1 452.21 |
| Prix d’émission et de rachat par part en CHF 1 |  | 1 550.37 | 1 534.39 | 1 452.21 |
| Catégorie Q-acc | LU0941351099 |  |  |  |
| Parts en circulation |  | 330 916.4590 | 381 875.0020 | 383 351.5580 |
| Valeur nette d’inventaire par part en CHF |  | 120.25 | 116.96 | 108.98 |
| Prix d’émission et de rachat par part en CHF 1 |  | 120.25 | 116.96 | 108.98 |
| Catégorie Q-C-dist | LU1240797214 |  |  |  |
| Parts en circulation |  | 3 753.1490 | 6 855.8040 | 7 957.0650 |
| Valeur nette d’inventaire par part en CHF |  | 116.86 | 115.52 | 109.33 |
| Prix d’émission et de rachat par part en CHF 1 |  | 116.86 | 115.52 | 109.33 |
| Catégorie Q-dist | LU1240797305 |  |  |  |
| Parts en circulation |  | 183 820.5330 | 203 373.9420 | 188 403.5600 |
| Valeur nette d’inventaire par part en CHF |  | 113.36 | 111.91 | 105.92 |
| Prix d’émission et de rachat par part en CHF 1 |  | 113.36 | 111.91 | 105.92 |
| 1  Voir note 1 |  |  |  |  |
| Performance |  |  |  |  |
|  | Devise | 2020/2021 | 2019/2020 | 2018/2019 |
| Catégorie P-acc | CHF | 2.1% | 6.6% | -5.3% |
| Catégorie P-C-dist | CHF | 2.1% | 6.6% | -5.3% |
| Catégorie P-dist | CHF | 2.1% | 6.6% | -5.3% |
| Catégorie Q-acc | CHF | 2.8% | 7.3% | -4.6% |
| Catégorie Q-C-dist | CHF | 2.8% | 7.3% | -4.6% |
| Catégorie Q-dist | CHF | 2.8% | 7.3% | -4.6% |

La performance historique n’est pas un indicateur de la performance actuelle ou future.
Les données de performance ne tiennent pas compte des commissions et des frais prélevés lors de l’émission et du rachat des parts. Les données de performance ne sont pas auditées.
Le compartiment n’a pas d’indice de référence.
UBS (Lux) Strategy Fund – Balanced (CHF) Rapport annuel et états financiers révisés au 31 janvier 2021

## 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	63.56
CHF	25.60
EUR	9.12
Répartition selon les instruments de placement en % de l’actif net	
| Fonds d’investissement, ouvert | 68.89 |
| --- | --- |
| Actions nominatives | 14.36 |
| Medium-Term Notes, taux fixe | 4.25 |
| Autres actions | 2.92 |
| Bons du Trésor à moyen terme, taux fixe | 1.90 |
| Bons du Trésor à moyen terme, taux variable | 1.89 |
| Obligations, taux fixe | 1.81 |
| Obligations, coupon zéro | 0.99 |
| Actions au porteur | 0.48 |
| Medium-Term Notes, coupon zéro | 0.30 |
| Bons de participation | 0.24 |
| Notes, coupon zéro | 0.12 |
| Billets, taux fixe | 0.10 |
| Billets, taux variable | 0.03 |
| Total | 98.28 |

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

## Etat des actifs nets
Actif	31.1.2021
CHF
Portefeuille-titres, cours d’achat	1 112 794 951.03
| Portefeuille-titres, plus-/(moins)-value non réalisée | 	210 930 728.50	 |
| --- | --- |
| Total du Portefeuille-titres (note 1) | 1 323 725 679.53 |
| Avoirs en banque, dépôts à vue et à terme | 6 913 480.56 |
| Autres liquidités (marges) | 15 501 262.57 |
| Créances sur achats de titres (note 1) | 5 886 574.90 |
| Créances sur souscriptions | 675 424.89 |
| Intérêts à recevoir sur titres | 537 324.00 |
| Intérêts à recevoir sur liquidités | 1 580.00 |
| Autres créances | 2 581.82 |
| Bénéfice non réalisé(e) sur contrats de change à terme (note 1) | 1 835 023.41 |
| Total de l’Actif | 1 355 078 931.68 |
|  |  |
| Passif |  |
| Perte non réalisé(e) sur contrats financiers à terme (note 1) | -1 688 815.55 |
| Crédit en compte courant | -4 334 240.31 |
| Intérêts à payer sur crédit en compte courant | -271.93 |
| Engagements sur rachats | -1 156 554.86 |
| Provisions pour commission de gestion forfaitaire (note 2) | -832 187.06 |
| Provisions pour taxe d’abonnement (note 3) | -19 418.75 |
| Provisions pour autres commissions et frais (note 2) | 	-165 496.10	 |
| Total des Provisions pour frais | -1 017 101.91 |
| Total du Passif | -8 196 984.56 |
|  |  |
| Actif net à la fin de l’exercice | 1 346 881 947.12 |
| Etat des opérations | CHF |
| Revenus | 1.2.2020-31.1.2021 |
| Revenus d’intérêts sur liquidités | 18 519.50 |
| Intérêts sur titres | 1 338 720.02 |
| Dividendes | 6 377 734.98 |
| Revenus d’intérêts sur swaps (note 1) | 154 318.53 |
| Revenus sur prêts de titres (note 15) | 78 313.37 |
| Autres revenus (note 4) | 2 364.32 |
| Total des Revenus | 7 969 970.72 |
|  |  |
| Charges |  |
| Charges d’intérêts sur swaps (note 1) | -92 585.11 |
| Commission de gestion forfaitaire (note 2) | -20 642 135.66 |
| Taxe d’abonnement (note 3) | -233 908.01 |
| Frais sur prêts de titres (note 15) | -31 325.35 |
| Autres commissions et frais (note 2) | -163 525.28 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -148 662.42 |
| Total des Charges | -21 312 141.83 |
|  |  |
| Revenus/pertes net(te)s de placements | -13 342 171.11 |
|  |  |
| Bénéfices/(pertes) réalisé(e)s (note 1) |  |
| Bénéfice/(perte) réalisé(e) sur titres évalués à la valeur de marché hors options | 57 909 521.85 |
| Bénéfice/perte réalisé(e) sur options | 6 876 078.31 |
| Bénéfice/(perte) réalisé(e) sur instruments du marché monétaire et titres évalués en fonction des rendements | -25 319.59 |
| Bénéfice/perte réalisé(e) sur contrats financiers à terme | -24 521 133.85 |
| Bénéfice/(perte) réalisé(e) sur contrats de change à terme | 43 461 883.58 |
| Bénéfice/(perte) réalisé(e) sur swaps | 494 908.45 |
| Bénéfice/(perte) de change réalisé(e) | -7 982 881.12 |
| Total des Bénéfices/(pertes) réalisé(e)s | 76 213 057.63 |
|  |  |
| Bénéfice/(perte) net(te) réalisé(e) au cours de l’exercice | 62 870 886.52 |
|  |  |
| 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 | -35 353 471.06 |
| Plus-/(moins)-value non réalisée sur options | -112 628.84 |
| Plus-/(moins)-value non réalisée sur instruments du marché monétaire et titres évalués en fonction des rendements | -19 667.65 |
| Plus-/(moins)-value non réalisée sur contrats financiers à terme | 2 632 806.41 |
| Plus-/(moins)-value non réalisée sur contrats de change à terme | -5 169 099.78 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | -38 022 060.92 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 24 848 825.60 |

UBS (Lux) Strategy Fund – Balanced (CHF) Rapport annuel et états financiers révisés au 31 janvier 2021
| Fluctuations de l’actif net |  |
| --- | --- |
|  |  | CHF |
|  |  | 1.2.2020-31.1.2021 |
| Actif net au début de l’exercice |  | 1 408 004 799.97 |
| Souscriptions |  | 86 682 346.08 |
| Rachats |  | 	-170 127 264.00	 |
| Total des Entrées/(sorties) de capitaux |  | -83 444 917.92 |
| Dividendes versés |  | -2 526 760.53 |
| Revenus/pertes net(te)s de placements |  | -13 342 171.11 |
| Total des Bénéfices/(pertes) réalisé(e)s |  | 76 213 057.63 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée |  | 	-38 022 060.92	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité |  | 24 848 825.60 |
| Actif net à la fin de l’exercice |  | 1 346 881 947.12 |
| Evolution des parts en circulation |  |  |
|  |  | 1.2.2020-31.1.2021 |
| Catégorie |  | P-acc |
| Nombre de parts en circulation au début de l’exercice |  | 514 386.9190 |
| Nombre de parts émises |  | 34 428.6520 |
| Nombre de parts rachetées |  | -62 017.9270 |
| Nombre de parts en circulation à la fin de l’exercice |  | 486 797.6440 |
| Catégorie |  | P-C-dist |
| Nombre de parts en circulation au début de l’exercice |  | 65 854.7630 |
| Nombre de parts émises |  | 7 271.9060 |
| Nombre de parts rachetées |  | -5 180.7840 |
| Nombre de parts en circulation à la fin de l’exercice |  | 67 945.8850 |
| Catégorie |  | P-dist |
| Nombre de parts en circulation au début de l’exercice |  | 162 021.9720 |
| Nombre de parts émises |  | 7 632.1820 |
| Nombre de parts rachetées |  | -20 869.4690 |
| Nombre de parts en circulation à la fin de l’exercice |  | 148 784.6850 |
| Catégorie |  | Q-acc |
| Nombre de parts en circulation au début de l’exercice |  | 381 875.0020 |
| Nombre de parts émises |  | 36 443.2470 |
| Nombre de parts rachetées |  | -87 401.7900 |
| Nombre de parts en circulation à la fin de l’exercice |  | 330 916.4590 |
| Catégorie |  | Q-C-dist |
| Nombre de parts en circulation au début de l’exercice |  | 6 855.8040 |
| Nombre de parts émises |  | 75.1930 |
| Nombre de parts rachetées |  | -3 177.8480 |
| Nombre de parts en circulation à la fin de l’exercice |  | 3 753.1490 |
| Catégorie |  | Q-dist |
| Nombre de parts en circulation au début de l’exercice |  | 203 373.9420 |
| Nombre de parts émises |  | 15 176.1820 |
| Nombre de parts rachetées |  | -34 729.5910 |
| Nombre de parts en circulation à la fin de l’exercice |  | 183 820.5330 |
| Distribution annuelle 1 |  |  |
| UBS (Lux) Strategy Fund – Balanced (CHF)	Date de détachement | Date de versement | Devise	Montant par part |
| P-C-dist	1.4.2020 | 6.4.2020 | CHF	0.91 |
| P-dist	1.4.2020 | 6.4.2020 | CHF	13.67 |
| Q-C-dist	1.4.2020 | 6.4.2020 | CHF	1.56 |
| Q-dist	1.4.2020 | 6.4.2020 | CHF	1.39 |
| 1  Voir note 5 |  |  |

UBS (Lux) Strategy Fund – Balanced (CHF)
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 CHF | 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 |  |  |  |
| Actions au porteur |  |  |  |
| Suisse |  |  |  |
| CHF	SWATCH GROUP CHF2.25(BR) | 5 279.00 | 1 356 703.00 | 0.10 |
| CHF	SWISS RE AG CHF0.10 | 52 209.00 | 4 106 759.94 | 0.31 |
| CHF	VIFOR PHARMA AG CHF0.01 | 8 237.00 | 998 324.40 | 0.07 |
| Total Suisse |  | 6 461 787.34 | 0.48 |
| Total des Actions au porteur |  | 6 461 787.34 | 0.48 |
| Bons de participation |  |  |  |
| Suisse |  |  |  |
| CHF	LINDT & SPRUENGLI PTG CERT CHF10 | 192.00 | 1 484 160.00 | 0.11 |
| CHF	SCHINDLER-HLDG AG PTG CERT CHF0.10(POST-SUBD) | 7 427.00 | 1 749 058.50 | 0.13 |
| Total Suisse |  | 3 233 218.50 | 0.24 |
| Total des Bons de participation |  | 3 233 218.50 | 0.24 |
| Autres actions |  |  |  |
| Suisse |  |  |  |
| CHF	ROCHE HLDGS AG GENUSSCHEINE NPV	128 015.00 | 39 319 807.25 | 2.92 |
| Total Suisse | 39 319 807.25 | 2.92 |
| Total des Autres actions | 39 319 807.25 | 2.92 |
| Actions nominatives |  |  |  |
| Suisse |  |  |  |  |
| CHF | ABB LTD CHF0.12 (REGD) | 335 611.00 | 8 839 993.74 | 0.66 |
| CHF | ADECCO GROUP AG CHF0.1 (REGD) | 28 250.00 | 1 577 480.00 | 0.12 |
| CHF | ALCON AG CHF0.04 | 89 592.00 | 5 733 888.00 | 0.43 |
| CHF | BALOISE-HLDGS CHF0.1(REGD) | 8 436.00 | 1 259 494.80 | 0.09 |
| CHF | BARRY CALLEBAUT AG CHF0.02 (REGD) | 551.00 | 1 090 429.00 | 0.08 |
| CHF | BQE CANT VAUDOISE CHF1 | 5 493.00 | 519 088.50 | 0.04 |
| CHF | CLARIANT CHF4.00(REGD) | 36 815.00 | 698 012.40 | 0.05 |
| CHF | CREDIT SUISSE GRP CHF0.04(REGD) | 445 372.00 | 5 235 347.86 | 0.39 |
| CHF | EMS-CHEMIE HLDG AG CHF0.01(REGD)(POST RECON) | 1 488.00 | 1 251 408.00 | 0.09 |
| CHF | GEBERIT CHF0.10(REGD) | 6 749.00 | 3 682 254.40 | 0.27 |
| CHF | GIVAUDAN AG CHF10 | 1 681.00 | 6 044 876.00 | 0.45 |
| CHF | JULIUS BAER GRUPPE CHF0.02 (REGD) | 40 893.00 | 2 208 222.00 | 0.16 |
| CHF | KUEHNE&NAGEL INTL CHF1(REGD)(POST-SUBD) | 9 842.00 | 1 998 910.20 | 0.15 |
| CHF | LAFARGEHOLCIM LTD CHF2 (REGD) | 95 377.00 | 4 601 940.25 | 0.34 |
| CHF | LINDT & SPRUENGLI CHF100(REGD) | 18.00 | 1 495 800.00 | 0.11 |
| CHF | LOGITECH INTL CHF0.25(REGD) (POST-SUBD) | 29 932.00 | 2 779 485.52 | 0.21 |
| CHF | LONZA GROUP AG CHF1(REGD) | 13 573.00 | 7 736 610.00 | 0.57 |
| CHF | NESTLE SA CHF0.10(REGD) | 525 063.00 | 52 527 302.52 | 3.90 |
| CHF | NOVARTIS AG CHF0.50(REGD) | 404 538.00 | 32 577 445.14 | 2.42 |
| CHF | PARTNERS GROUP HLG CHF0.01 (REGD) | 3 406.00 | 3 591 627.00 | 0.27 |
| CHF | RICHEMONT(CIE FIN) CHF1.00 (REG) SER ‘A’ | 95 064.00 | 7 878 904.32 | 0.59 |
| CHF | SCHINDLER-HLDG AG CHF0.1(REGD)(POST-SUBD) | 3 681.00 | 864 298.80 | 0.06 |
| CHF | SGS LTD CHF1(REGD) | 1 102.00 | 2 985 318.00 | 0.22 |
| CHF | SIKA AG CHF0.01 (REG) | 25 828.00 | 6 260 707.20 | 0.46 |
| CHF | SONOVA HOLDING AG CHF0.05 (REGD) | 9 963.00 | 2 146 030.20 | 0.16 |
| CHF | STRAUMANN HLDG CHF0.1(REGD) | 1 884.00 | 1 864 406.40 | 0.14 |
| CHF | SWATCH GROUP CHF0.45(REGD) | 9 619.00 | 483 354.75 | 0.04 |
| CHF | SWISS LIFE HLDG CHF5.1(REGD) | 5 571.00 | 2 266 839.90 | 0.17 |
| CHF | SWISS PRIME SITE CHF15.3 (REGD) | 13 756.00 | 1 192 645.20 | 0.09 |
| CHF | SWISSCOM AG CHF1(REGD) | 4 712.00 | 2 287 204.80 | 0.17 |
| CHF | TEMENOS AG CHF5 (REGD) | 12 135.00 | 1 369 434.75 | 0.10 |
| CHF | UBS GROUP CHF0.10 (REGD) | 667 915.00 | 8 599 405.63 | 0.64 |
| CHF | ZURICH INSURANCE GRP CHF0.10 | 27 394.00 | 9 757 742.80 | 0.72 |
| Total Suisse |  | 193 405 908.08 | 14.36 |
| Total des Actions nominatives |  | 193 405 908.08 | 14.36 |
| Billets, taux fixe |  |  |  |
| CHF |  |  |  |
| CHF	EUROPEAN INVESTMENT BANK 1.62500% 11-23.11.23 | 300 000.00 | 319 500.00 | 0.03 |
| CHF	EUROPEAN INVESTMENT BANK 1.62500% 14-04.02.25 | 250 000.00 | 272 875.00 | 0.02 |
| CHF	SULZER AG 0.87500% 20-18.11.27 | 700 000.00 | 712 250.00 | 0.05 |
| Total CHF |  | 1 304 625.00 | 0.10 |
| Total des Billets, taux fixe |  | 1 304 625.00 | 0.10 |
| Billets, coupon zéro |  |  |  |
| CHF |  |  |  |
| CHF	CREDIT SUISSE SCHWEIZ AG-REG-S 0.00000% 20-31.07.25 | 1 400 000.00 | 1 423 100.00 | 0.10 |
| CHF	CREDIT SUISSE SCHWEIZ AG-REG-S 0.00000% 20-31.10.30 | 250 000.00 | 250 500.00 | 0.02 |
| Total CHF |  | 1 673 600.00 | 0.12 |
| Total des Billets, coupon zéro |  | 1 673 600.00 | 0.12 |

UBS (Lux) Strategy Fund – Balanced (CHF) Rapport annuel et états financiers révisés au 31 janvier 2021
| Dénomination | Nombre/ | Evaluation en CHF | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
| Billets, taux variable |  |  |  |
| CHF |  |  |  |
| CHF	HELVETIA SCHWEIZ VERSICHERUNGS-REG-S-SUB 1.750%/VAR 20-PRP | 425 000.00 | 436 050.00 | 0.03 |
| Total CHF |  | 436 050.00 | 0.03 |
| Total des Billets, taux variable |  | 436 050.00 | 0.03 |
| Medium-Term Notes, taux fixe |  |  |  |
| CHF |  |  |  |
| CHF	ABN AMRO BANK NV 2.62500% 11-27.04.21 | 900 000.00 | 907 020.00 | 0.07 |
| CHF	ADCB FINANCE CAYMAN LTD-REG-S 0.37500% 18-23.01.23 | 600 000.00 | 603 375.00 | 0.04 |
| CHF	ADCB FINANCE CAYMAN LTD 0.72500% 18-15.02.24 | 300 000.00 | 304 968.75 | 0.02 |
| CHF	AMP GROUP FINANCE SERVICES LTD-REG-S 0.80000% 19-18.07.23 | 1 200 000.00 | 1 199 400.00 | 0.09 |
| CHF	AMP GROUP FINANCE SERVICES LTD-REG-S 0.20310% 20-03.06.24 | 420 000.00 | 410 970.00 | 0.03 |
| CHF	AUCKLAND COUNCIL 1.12500% 13-07.02.24 | 600 000.00 | 630 300.00 | 0.05 |
| CHF	BANCO DE CREDITO E INVERSIONES-REG-S 0.40000% 19-22.11.24 | 300 000.00 | 302 250.00 | 0.02 |
| CHF	BANCO SANTANDER CHILE-REG-S 0.38400% 19-27.09.24 | 350 000.00 | 352 163.00 | 0.03 |
| CHF	BANK OF MONTREAL-REG-S 0.05000% 18-30.12.22 | 2 500 000.00 | 2 525 000.00 | 0.19 |
| CHF	BANK OF NOVA SCOTIA-REG-S 0.20000% 18-19.11.25 | 300 000.00 | 309 150.00 | 0.02 |
| CHF	BASELLANDSCHAFTLICHE KANTONALBANK 0.05000% 20-28.01.31 | 1 200 000.00 | 1 203 600.00 | 0.09 |
| CHF	BERLIN HYP AG 0.25000% 20-11.09.28 | 1 000 000.00 | 1 021 000.00 | 0.08 |
| CHF	BNZ INTERNATIONAL FUND LTD/LONDON-REG-S 0.11100% 20-24.07.28 | 300 000.00 | 302 100.00 | 0.02 |
| CHF	CAISSE DES DEPOTS ET CONSIGNATIONS 0.25000% 18-30.05.25 | 600 000.00 | 618 600.00 | 0.05 |
| CHF	CANADIAN IMPERIAL BANK-REG-S 0.15000% 18-31.07.23 | 500 000.00 | 506 750.00 | 0.04 |
| CHF	CBQ FINANCE LTD-REG-S 0.69700% 18-22.03.21 | 1 200 000.00 | 1 200 375.00 | 0.09 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT 0.19400% 15-19.11.21 | 1 000 000.00 | 1 006 500.00 | 0.07 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT-REG-S 0.20000% 19-25.03.24 | 1 800 000.00 | 1 829 700.00 | 0.14 |
| CHF	CITIGROUP INC-REG-S 0.50000% 19-01.11.28 | 375 000.00 | 384 937.50 | 0.03 |
| CHF	COMMONWEALTH BANK OF AUSTRALIA 1.50000% 14-07.02.22 | 300 000.00 | 306 360.00 | 0.02 |
| CHF	COMPAGNIE DE FINANCEMENT FONCIER 3.00000% 07-07.06.22 | 500 000.00 | 524 050.00 | 0.04 |
| CHF	CORP ANDINA DE FOMENTO 1.37500% 13-11.02.21 | 1 000 000.00 | 1 000 500.00 | 0.07 |
| CHF	CORPORACION ANDINA DE FOMENTO 0.15000% 16-24.02.22 | 1 000 000.00 | 1 005 100.00 | 0.07 |
| CHF	CREDIT AGRICOLE HOME LOAN SFH SA 0.50000% 15-16.03.27 | 450 000.00 | 473 400.00 | 0.04 |
| CHF	CREDIT AGRICOLE HOME LOAN SFH SA 0.25000% 15-18.06.26 | 700 000.00 | 724 150.00 | 0.05 |
| CHF	CREDIT AGRICOLE HOME LOAN SFH SA-REG-S 0.25000% 18-08.12.25 | 700 000.00 | 722 400.00 | 0.05 |
| CHF	CREDIT SUISSE LONDON BRANCH-REG-S 1.00000% 14-24.09.21 | 1 000 000.00 | 1 010 000.00 | 0.07 |
| CHF	DANSKE BANK AS-REG-S 0.62500% 19-24.11.22 | 1 000 000.00 | 1 011 000.00 | 0.08 |
| CHF	DEUTSCHE BAHN FINANCE BV 1.37500% 13-24.07.23 | 300 000.00 | 315 150.00 | 0.02 |
| CHF	DNB BANK ASA-REG-S 0.05000% 19-13.03.24 | 1 500 000.00 | 1 517 250.00 | 0.11 |
| CHF	DVB BANK SE 0.57500% 15-17.06.22 | 840 000.00 | 845 460.00 | 0.06 |
| CHF	EUROPEAN INVESTMENT BANK 1.50000% 12-02.08.24 | 1 100 000.00 | 1 184 150.00 | 0.09 |
| CHF	EXPORT-IMPORT BANK OF KOREA-REG-S 0.38250% 18-11.07.24 | 600 000.00 | 613 800.00 | 0.05 |
| CHF	FIRST ABU DHABI BANK PJSC-REG-S 0.07000% 19-18.10.27 | 1 650 000.00 | 1 640 203.13 | 0.12 |
| CHF	FIRST ABU DHABI BANK PJSC-REG-S 0.20500% 19-04.12.25 | 450 000.00 | 453 796.87 | 0.03 |
| CHF	HYUNDAI CAPITAL SERVICES INC-REG-S 0.75250% 20-06.07.23 | 350 000.00 | 356 678.00 | 0.03 |
| CHF	ING BANK NV 2.62500% 11-23.03.21 | 800 000.00 | 803 680.00 | 0.06 |
| CHF	INSTITUTO DE CREDITO OFICIAL 3.25000% 07-28.06.24 | 700 000.00 | 788 550.00 | 0.06 |
| CHF	JACKSON NATIONAL LIFE GLOBAL FUND-REG-S 0.12500% 20-14.07.28 | 500 000.00 | 500 000.00 | 0.04 |
| CHF	JPMORGAN CHASE & CO 0.50000% 15-04.12.23 | 350 000.00 | 358 225.00 | 0.03 |
| CHF	KOMMUNEKREDIT 2.87500% 06-13.10.31 | 300 000.00 | 400 650.00 | 0.03 |
| CHF	KOREA DEVELOPMENT BANK-REG-S 0.30300% 18-14.06.23 | 600 000.00 | 609 900.00 | 0.05 |
| CHF	KOREA LAND & HOUSING CORP-REG-S 0.19250% 20-15.06.25 | 280 000.00 | 283 850.00 | 0.02 |
| CHF	KOREA NATIONAL OIL CORP-REG-S 0.37300% 18-01.06.23 | 900 000.00 | 915 300.00 | 0.07 |
| CHF	KOREA WATER RESOURCES CORP-REG-S 0.15000% 18-20.09.23 | 1 500 000.00 | 1 517 343.75 | 0.11 |
| CHF	LAFARGEHOLCIM HELVETIA FINANCE-REG-S 1.05000% 20-11.04.22 | 700 000.00 | 709 940.00 | 0.05 |
| CHF	LUZERNER KANTONALBANK-REG-S 0.10000% 18-08.05.24 | 1 100 000.00 | 1 118 700.00 | 0.08 |
| CHF	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 1.00000% 14-19.09.22 | 500 000.00 | 512 500.00 | 0.04 |
| CHF	MUENCHENER HYPOTHEKENBANK EG-REG-S 0.50000% 18-14.06.28 | 300 000.00 | 317 550.00 | 0.02 |
| CHF	MUENCHENER HYPOTHEKENBANK EG-REG-S 0.00100% 19-19.02.24 | 1 400 000.00 | 1 424 500.00 | 0.11 |
| CHF	MUENCHENER HYPOTHEKENBANK EG-REG-S 0.20000% 19-18.06.31 | 400 000.00 | 413 200.00 | 0.03 |
| CHF	MUNICIPALITY FINANCE PLC 0.87500% 13-01.02.23 | 900 000.00 | 927 900.00 | 0.07 |
| CHF	NATIONAL AUSTRALIA BANK LTD 1.00000% 14-10.12.21 | 1 000 000.00 | 1 013 700.00 | 0.08 |
| CHF	NATIONAL AUSTRALIA BANK LTD 0.25000% 18-13.03.24 | 1 400 000.00 | 1 427 300.00 | 0.11 |
| CHF	NATIONAL AUSTRALIA BANK LTD-REG-S 0.06500% 20-29.01.29 | 1 000 000.00 | 1 012 000.00 | 0.08 |
| CHF	NATIONWIDE BUILDING SOCIETY-REG-S 0.16750% 19-11.07.31 | 300 000.00 | 307 950.00 | 0.02 |
| CHF	NATWEST MARKETS PLC-REG-S 0.12500% 19-13.09.23 | 400 000.00 | 402 000.00 | 0.03 |
| CHF	NEDERLANDSE WATERSCHAPSBANK NV 2.37500% 06-27.01.23 | 1 500 000.00 | 1 591 500.00 | 0.12 |
| CHF	NEW YORK LIFE GLOBAL FUNDING 0.37500% 15-02.02.22 | 2 450 000.00 | 2 475 235.00 | 0.18 |
| CHF	OESTERREICHISCHE KONTROLLBANK AG 1.75000% 12-24.05.23 | 100 000.00 | 105 650.00 | 0.01 |
| CHF	PFANDBRIEFBK SCHWEIZER HYPO INST-REG-S 0.12500% 19-08.05.29 | 250 000.00 | 257 425.00 | 0.02 |
| CHF	RABOBANK NEDERLAND NV 2.00000% 10-16.09.21 | 800 000.00 | 813 280.00 | 0.06 |
| CHF	ROYAL BANK OF CANADA 2.25000% 11-21.04.21 | 1 800 000.00 | 1 811 340.00 | 0.13 |
| CHF	ROYAL BANK OF CANADA-REG-S 0.10000% 18-18.07.23 | 700 000.00 | 708 400.00 | 0.05 |
| CHF	SANTANDER CONSUMER FINANCE SA-REG-S 0.15000% 19-10.12.24 | 750 000.00 | 758 625.00 | 0.06 |
| CHF	SHELL INTERNATIONAL FINANCE BV 0.37500% 15-21.08.23 | 1 500 000.00 | 1 525 500.00 | 0.11 |
| CHF	SYNGENTA FINANCE LTD REG-S 1.62500% 14-01.11.24 | 700 000.00 | 703 500.00 | 0.05 |
| CHF	TOTAL CAPITAL INTERNATIONAL SA-REG-S 1.00000% 14-29.08.24 | 300 000.00 | 315 000.00 | 0.02 |
| CHF	UBS GROUP AG-REG-S 0.87500% 19-30.01.25 | 600 000.00 | 620 700.00 | 0.05 |
| CHF	VERIZON COMMUNICATIONS INC-REG-S 0.37500% 17-31.05.23 | 400 000.00 | 406 800.00 | 0.03 |
| Total CHF |  | 57 179 301.00 | 4.25 |
| Total des Medium-Term Notes, taux fixe |  | 57 179 301.00 | 4.25 |
| Medium-Term Notes, coupon zéro |  |  |  |
| CHF |  |  |  |
| CHF	BANK OF THE PHILIPPINE ISLANDS-REG-S 0.00000% 19-24.09.21 | 560 000.00 | 558 425.00 | 0.04 |
| CHF	EXPORT-IMPORT BANK OF KOREA-REG-S 0.00000% 19-27.05.25 | 1 400 000.00 | 1 413 300.00 | 0.10 |
| CHF	KOREA HYDRO & NUCLEAR POWER CO-REG-S 0.00000% 19-19.07.24 | 900 000.00 | 906 156.00 | 0.07 |
| CHF	NATIONWIDE BUILDING SOCIETY-REG-S 0.00000% 19-11.07.25 | 1 135 000.00 | 1 155 430.00 | 0.09 |
| Total CHF |  | 4 033 311.00 | 0.30 |
| Total des Medium-Term Notes, coupon zéro |  | 4 033 311.00 | 0.30 |
| UBS (Lux) Strategy Fund – Balanced (CHF) Rapport annuel et états financiers révisés au 31 janvier 2021 |  |  |  |

| Dénomination | Nombre/ | Evaluation en CHF | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
| Obligations, taux fixe |  |  |  |
| CHF |  |  |  |
| CHF	AARGAUISCHE KANTONALBANK 0.15000% 15-18.05.22 | 1 650 000.00 | 1 665 344.99 | 0.12 |
| CHF	AARGAUISCHE KANTONALBANK 0.25000% 18-03.04.25 | 800 000.00 | 820 400.00 | 0.06 |
| CHF	APPLE INC-REG-S 0.37500% 15-25.11.24 | 115 000.00 | 118 737.50 | 0.01 |
| CHF	BASELLANDSCHAFTLICHE KANTONALBANK 0.25000% 15-13.05.25 | 800 000.00 | 821 200.00 | 0.06 |
| CHF	BASLER KANTONALBANK 0.15000% 19-02.04.27 | 200 000.00 | 204 500.00 | 0.02 |
| CHF	BASLER KANTONALBANK 0.12500% 20-10.09.32 | 375 000.00 | 378 562.50 | 0.03 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT 1.12500% 14-24.02.23 | 900 000.00 | 929 250.00 | 0.07 |
| CHF	COOP-GRUPPE GENOSSENSCHAFT-REG-S 0.75000% 20-05.05.23 | 550 000.00 | 561 275.00 | 0.04 |
| CHF	DEUTSCHE PFANDBRIEFBANK AG-REG-S 0.12500% 19-05.06.23 | 800 000.00 | 803 200.00 | 0.06 |
| CHF	FREIBURGER KANTONALBANK 0.14000% 20-12.06.30 | 750 000.00 | 761 250.00 | 0.06 |
| CHF	GENEVA, CANTON OF-REG-S 0.37500% 20-27.02.30 | 700 000.00 | 731 500.00 | 0.05 |
| CHF	GRAUBUENDNER KANTONALBANK 1.37500% 13-11.03.25 | 1 500 000.00 | 1 611 750.00 | 0.12 |
| CHF	KEB HANA BANK-REG-S 0.40750% 18-14.09.23 | 1 100 000.00 | 1 117 531.25 | 0.08 |
| CHF	KOREA NATIONAL OIL CORP-REG-S 0.87500 20-21.04.25 | 700 000.00 | 732 900.00 | 0.05 |
| CHF	MONDELEZ INTERNATIONAL INC-REG-S 0.61700% 17-30.09.24 | 200 000.00 | 205 200.00 | 0.02 |
| CHF	OESTERREICHISCHE KONTROLLBANK AG 2.62500% 06-22.11.24 | 600 000.00 | 673 200.00 | 0.05 |
| CHF	OESTERREICHISCHE KONTROLLBANK AG 1.00000% 12-28.09.21 | 500 000.00 | 505 600.00 | 0.04 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 1.50000% 14-15.12.25 | 1 050 000.00 | 1 150 590.00 | 0.09 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONAL-REG-S 0.12500% 18-31.10.24 | 300 000.00 | 307 290.00 | 0.02 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONBK-REG-S 0.12500% 20-03.09.35 | 1 000 000.00 | 1 014 700.00 | 0.08 |
| CHF	RAIFFEISEN SCHWEIZ GENOSSENSCHAFT-REG-S 0.18250% 20-11.11.25 | 700 000.00 | 703 500.00 | 0.05 |
| CHF	ROCHE KAPITALMARKT AG 0.10000% 17-23.09.24 | 1 040 000.00 | 1 061 320.00 | 0.08 |
| CHF	SGS SA-REG-S 0.45000% 20-06.11.23 | 560 000.00 | 570 640.00 | 0.04 |
| CHF	UBS AG/LONDON-REG-S 0.17000% 20-13.05.22 | 1 250 000.00 | 1 261 875.00 | 0.09 |
| CHF	UBS GROUP AG-REG-S 0.75000% 16-22.02.22 | 400 000.00 | 404 840.00 | 0.03 |
| CHF	UBS GROUP AG-REG-S 0.62500% 17-18.05.24 | 800 000.00 | 817 600.00 | 0.06 |
| CHF	WALLISER KANTONALBANK 0.25000% 15-16.03.23 | 1 500 000.00 | 1 522 500.00 | 0.11 |
| CHF	ZUERCHER KANTONALBANK 1.50000% 14-27.01.23 | 800 000.00 | 832 400.00 | 0.06 |
| CHF	ZUERCHER KANTONALBANK 0.04000% 15-09.12.22 | 700 000.00 | 707 350.00 | 0.05 |
| CHF	ZUERCHER KANTONALBANK 0.03000% 16-11.02.22 | 300 000.00 | 301 950.00 | 0.02 |
| CHF	ZUERICH, CITY OF-REG-S 2.75000% 05-14.02.25 | 600 000.00 | 679 200.00 | 0.05 |
| CHF	ZUGER KANTONALBANK 0.12500% 19-03.12.29 | 500 000.00 | 507 250.00 | 0.04 |
| Total CHF |  | 24 484 406.24 | 1.81 |
| Total des Obligations, taux fixe |  | 24 484 406.24 | 1.81 |
| Obligations, coupon zéro |  |  |  |
| CHF |  |  |  |
| CHF	AARGAUISCHE KANTONALBANK 0.00000% 16-08.03.22 | 1 000 000.00 | 1 006 000.00 | 0.08 |
| CHF	BALOISE HOLDING AG-REG-S 0.00000% 19-23.09.22 | 900 000.00 | 898 110.00 | 0.07 |
| CHF	BASEL-STADT, CANTON OF 0.00000% 16-05.09.23 | 100 000.00 | 101 700.00 | 0.01 |
| CHF	BASLER KANTONALBANK-REG-S 0.00000% 18-11.04.22 | 1 500 000.00 | 1 508 850.00 | 0.11 |
| CHF	KOREA GAS CORP-REG-S 0.00000% 19-28.11.23 | 1 240 000.00 | 1 251 160.00 | 0.09 |
| CHF	KOREA NATIONAL OIL CORP-REG-S 0.00000% 19-04.10.24 | 500 000.00 | 504 687.50 | 0.04 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 0.00000% 16-05.07.22 | 1 300 000.00 | 1 311 700.00 | 0.10 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO-REG-S 0.00000% 20-25.02.28 | 900 000.00 | 919 710.00 | 0.07 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONALBANKEN 0.00000% 15-25.07.23 | 850 000.00 | 862 835.00 | 0.06 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONALBANKEN 0.00000% 16-27.01.27 | 600 000.00 | 613 140.00 | 0.05 |
| CHF	VALIANT BANK AG-REG-S 0.00000% 19-31.10.25 | 1 500 000.00 | 1 526 250.00 | 0.11 |
| CHF	WALLISER KANTONALBANK-REG-S 0.00000% 20-14.02.29 | 600 000.00 | 602 400.00 | 0.04 |
| CHF	ZUERCHER KANTONALBANK 0.00000% 21-21.01.33 | 700 000.00 | 695 100.00 | 0.05 |
| CHF	ZUERICH, CANTON OF-REG-S 0.00000% 18-14.03.23 | 1 500 000.00 | 1 521 000.00 | 0.11 |
| Total CHF |  | 13 322 642.50 | 0.99 |
| Total des Obligations, coupon zéro |  | 13 322 642.50 | 0.99 |
| Bons du Trésor à moyen terme, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 3 480 000.00 | 4 381 656.68 | 0.32 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 5 577 000.00 | 5 460 336.14 | 0.40 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.11.27 | 5 550 000.00 | 5 435 636.71 | 0.40 |
| USD	AMERICA, UNITED STATES OF 2.87500% 18-31.05.25 | 520 000.00 | 513 043.44 | 0.04 |
| USD	AMERICA, UNITED STATES OF 2.75000% 14-15.02.24 | 1 070 000.00 | 1 025 976.72 | 0.08 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 1 450 000.00 | 1 296 571.14 | 0.10 |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 1 140 000.00 | 1 035 615.34 | 0.08 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 560 000.00 | 514 366.72 | 0.04 |
| USD	AMERICA, UNITED STATES OF 2.12500% 15-15.05.25 | 3 250 000.00 | 3 111 541.06 | 0.23 |
| USD	AMERICA, UNITED STATES OF 1.75000% 19-15.11.29 | 2 145 000.00 | 2 035 802.33 | 0.15 |
| USD	AMERICA, UNITED STATES OF 0.25000% 20-31.07.25 | 880 000.00 | 778 842.02 | 0.06 |
| Total USD |  | 25 589 388.30 | 1.90 |
| Total des Bons du Trésor à moyen terme, taux fixe |  | 25 589 388.30 | 1.90 |
| Bons du Trésor à moyen terme, taux variable |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 1 430 000.00 | 2 913 316.07 | 0.22 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 2 285 000.00 | 3 302 072.24 | 0.24 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 2 300 000.00 | 2 519 960.10 | 0.19 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 2 400 000.00 | 2 587 744.07 | 0.19 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 3 140 000.00 | 3 327 337.48 | 0.25 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 2 470 000.00 | 2 670 018.36 | 0.20 |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 2 487 000.00 | 2 688 715.57 | 0.20 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 20-15.01.30 | 2 940 000.00 | 2 961 781.75 | 0.22 |
| Total USD |  | 22 970 945.64 | 1.71 |
| Total des Bons du Trésor à moyen terme, taux variable |  | 22 970 945.64 | 1.71 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 393 414 990.85 | 29.21 |

UBS (Lux) Strategy Fund – Balanced (CHF) Rapport annuel et états financiers révisés au 31 janvier 2021
| Dénomination | Nombre/ | Evaluation en CHF | 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 un autre marché réglementé Bons du Trésor à moyen terme, taux variable |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 2 345 000.00 | 2 445 317.19 | 0.18 |
| Total USD |  | 2 445 317.19 | 0.18 |
| Total des Bons du Trésor à moyen terme, taux variable |  | 2 445 317.19 | 0.18 |
| Total des Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  | 2 445 317.19 | 0.18 |

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 | 53 669.00 | 0.58 | 0.00 |
| Total Portugal | 0.58 | 0.00 |
| Total des Actions nominatives | 0.58 | 0.00 |
| Total des Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé | 0.58 | 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	4 657 667.00 | 30 180 966.74 | 2.24 |
| USD	ISHRS III PLC-MSCI WORLD SML CAP UCITS ETF-UNHDG USD-ACC	4 915 000.00 | 28 831 500.10 | 2.14 |
| USD	UBS (IRL) INVESTOR SELECTION PLC - GLOB EMER MKT OPP-I-B USD	13 738.00 | 4 087 385.42 | 0.31 |
| Total Irlande | 63 099 852.26 | 4.69 |
| Luxembourg |  |  |
| EUR | UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 180 729.00 | 27 121 208.41 | 2.01 |
| EUR | UBS (LUX) BOND SICAV - EUR CORP SUSTAINABLE (EUR) U-X-ACC | 6 955.00 | 95 674 459.94 | 7.10 |
| USD | UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC | 2 161.00 | 40 847 314.66 | 3.03 |
| USD | UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS | 406 094.00 | 40 389 004.67 | 3.00 |
| USD | UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC | 17 317.70 | 189 530 514.33 | 14.07 |
| USD | UBS (LUX) EMERGING ECONOMIES FUND-GLOBAL BONDS (USD)-U-X ACC | 5 167.00 | 66 941 680.44 | 4.97 |
| USD | UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC | 6 305.00 | 75 725 632.13 | 5.62 |
| USD | UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC | 2 183.00 | 78 875 345.81 | 5.86 |
| USD | UBS (LUX) EQUITY SICAV-GLOBAL QUANTITATIVE (USD) U-X-ACC | 4 760.00 | 73 109 843.79 | 5.43 |
| USD | UBS (LUX) EQUITY SICAV - GLOBAL OPPORTUNITY (USD) U-X-ACC | 7 533.00 | 74 350 146.41 | 5.52 |
| USD | UBS (LUX) INST FUND-KEY SEL. GLOBAL EQUITY FA-USD | 2 750.00 | 74 169 514.85 | 5.51 |
| USD | UBS (LUX) INSTITUTION SICAV-EQUITIES GLB (EX USA) PASSIVE XA | 279 822.00 | 28 026 989.43 | 2.08 |
| Total Luxembourg |  | 864 761 654.87 | 64.20 |
| Total des Fonds d’investissement, ouvert |  | 927 861 507.13 | 68.89 |
| Total des OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée |  | 927 861 507.13 | 68.89 |
| 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 | -715.00 | -296 737.59 | -0.02 |
| EUR	EURO STOXX 50 INDEX CALL 4000.00000 19.03.21 | -715.00 | -3 863.77 | 0.00 |
| EUR	EURO STOXX 50 INDEX CALL 3650.00000 19.03.21 | 715.00 | 304 465.14 | 0.02 |
| Total EUR |  | 3 863.78 | 0.00 |
| Total des Options sur indices boursiers, classic-styled |  | 3 863.78 | 0.00 |
| Total des Instruments dérivés négociés sur une bourse officielle |  | 3 863.78 | 0.00 |
| Total du Portefeuille-titres |  | 1 323 725 679.53 | 98.28 |
| Instruments dérivés |  |  |  |
| Instruments dérivés négociés sur une bourse officielle |  |  |  |
| Contrats financiers à terme sur obligations |  |  |  |
|  |  |  |  |
| USD	US LONG BOND FUTURE 22.03.21 | 169.00 | -869 167.00 | -0.07 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.21 | -480.00 | 3 336.21 | 0.00 |
| Total des Contrats financiers à terme sur obligations |  | -865 830.79 | -0.07 |
| Contrats financiers à terme sur indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.03.21 | 529.00 | -382 075.59 | -0.03 |
| CHF	SWISS MARKET INDEX FUTURE 19.03.21 | 12.00 | 24 480.00 | 0.00 |
| GBP	FTSE 100 INDEX FUTURE 19.03.21 | 487.00 | -967 048.09 | -0.07 |
| SEK	OMX 30 INDEX FUTURE 19.02.21 | -153.00 | 21 795.90 | 0.00 |

UBS (Lux) Strategy Fund – Balanced (CHF)
Rapport annuel et états financiers révisés au 31 janvier 2021
|  | Dénomination | Nombre/ | Evaluation en CHF | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
|  |  |  |  |  |
| USD | S&P500 EMINI FUTURE 19.03.21 | -266.00 | 252 383.97 | 0.02 |
| USD | MINI MSCI EMERGING MARKETS INDEX FUTURE 19.03.21 | 337.00 | -170 015.90 | -0.01 |
| JPY | NIKKEI 225 (OSE) INDEX FUTURE 11.03.21 | -8.00 | 46 903.79 | 0.00 |
| AUD | SPI 200 INDEX FUTURES 18.03.21 | -75.00 | 80 625.70 | 0.01 |
| CAD | S&P/TSX 60 INDEX FUTURE 18.03.21 | -77.00 | 51 691.44 | 0.00 |
| HKD | HANG SENG INDEX FUTURE 25.02.21 | -25.00 | 218 274.02 | 0.02 |
| Total des Contrats financiers à terme sur indices | -822 984.76 | -0.06 |
| Total des Instruments dérivés négociés sur une bourse officielle | -1 688 815.55 | -0.13 |
| Total des Instruments dérivés | -1 688 815.55 | -0.13 |
| Contrats de change à terme |  |  |
| Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |

| GBP | 700 000.00 | CHF | 840 922.60 | 4.2.2021 | 14 117.63 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 8 262 613.18 | HKD | 70 515 000.00 | 4.2.2021 | 173 310.17 | 0.01 |
| CHF | 87 412 698.61 | EUR | 80 944 684.11 | 4.2.2021 | -67 432.61 | -0.01 |
| GBP | 21 906 596.69 | CHF | 26 333 591.28 | 4.2.2021 | 425 010.85 | 0.03 |
| CHF | 7 681 787.62 | AUD | 11 539 701.34 | 4.2.2021 | -193 897.54 | -0.01 |
| CHF | 87 607.35 | ZAR | 1 500 000.00 | 4.2.2021 | -987.73 | 0.00 |
| SGD | 7 500 000.00 | CHF | 5 069 478.90 | 4.2.2021 | -42 569.09 | 0.00 |
| CHF | 2 131 451.25 | SEK | 20 187 899.80 | 4.2.2021 | -24 214.87 | 0.00 |
| JPY | 91 478 280.00 | CHF | 797 600.87 | 4.2.2021 | -20 364.91 | 0.00 |
| CHF | 791 495.18 | NOK | 7 881 297.40 | 4.2.2021 | -28 159.04 | 0.00 |
| CHF | 1 977 067.46 | CAD | 2 846 880.57 | 4.2.2021 | -5 267.89 | 0.00 |
| ILS | 100 000.00 | CHF | 27 097.44 | 4.2.2021 | 61.98 | 0.00 |
| CHF | 2 974 317.33 | DKK | 20 510 000.00 | 4.2.2021 | -5 900.71 | 0.00 |
| CHF | 289 903 330.64 | USD | 319 206 486.06 | 4.2.2021 | 5 967 568.47 | 0.44 |
| GBP | 800 000.00 | CHF | 967 740.00 | 4.2.2021 | 9 448.84 | 0.00 |
| CHF | 105 816.28 | SEK | 1 000 000.00 | 4.2.2021 | -963.83 | 0.00 |
| GBP | 1 200 000.00 | CHF | 1 457 588.40 | 4.2.2021 | 8 194.85 | 0.00 |
| CHF | 993 742.20 | USD | 1 100 000.00 | 4.2.2021 | 15 286.71 | 0.00 |
| EUR | 900 000.00 | CHF | 972 893.70 | 4.2.2021 | -228.00 | 0.00 |
| EUR | 700 000.00 | CHF | 755 148.10 | 4.2.2021 | 1 369.67 | 0.00 |
| GBP | 1 200 000.00 | CHF | 1 416 213.60 | 4.2.2021 | 49 569.65 | 0.01 |
| CAD | 3 900 000.00 | JPY | 317 739 240.00 | 4.2.2021 | 16 003.74 | 0.00 |
| NOK | 39 800 000.00 | USD | 4 508 699.07 | 4.2.2021 | 128 699.85 | 0.01 |
| AUD | 6 000 000.00 | JPY | 470 450 022.00 | 4.2.2021 | 97 792.90 | 0.01 |
| SEK | 6 500 000.00 | CHF | 685 315.18 | 4.2.2021 | 8 755.52 | 0.00 |
| HKD | 8 000 000.00 | CHF | 914 732.00 | 4.2.2021 | 3 007.83 | 0.00 |
| CHF | 14 455 122.50 | GBP | 12 250 000.00 | 4.2.2021 | -508 081.54 | -0.04 |
| CHF | 12 001 335.27 | USD | 13 550 000.00 | 4.2.2021 | -51 457.34 | 0.01 |
| USD | 7 700 000.00 | CHF | 6 812 166.90 | 4.2.2021 | 37 021.52 | 0.00 |
| USD | 1 100 000.00 | CHF | 970 228.60 | 4.2.2021 | 8 226.89 | 0.00 |
| USD | 8 400 000.00 | CHF | 7 422 777.60 | 4.2.2021 | 49 064.32 | 0.01 |
| GBP | 900 000.00 | CHF | 1 074 974.40 | 4.2.2021 | 24 363.04 | 0.00 |
| USD | 900 000.00 | CHF | 800 187.30 | 4.2.2021 | 367.19 | 0.00 |
| CHF | 113 349.96 | HKD | 1 000 000.00 | 4.2.2021 | -1 367.52 | 0.00 |
| CHF | 83 429 182.21 | EUR | 77 206 636.16 | 19.3.2021 | 13 348.55 | 0.00 |
| GBP | 11 476 990.71 | CHF | 13 718 745.40 | 19.3.2021 | 286 243.20 | 0.02 |
| CHF | 7 181 701.14 | HKD | 63 672 000.00 | 19.3.2021 | -114 158.29 | -0.01 |
| CHF | 6 004 329.01 | JPY | 705 325 527.00 | 19.3.2021 | 16 314.01 | 0.00 |
| CHF | 2 234 814.88 | CAD | 3 233 473.03 | 19.3.2021 | -14 183.86 | 0.00 |
| NOK | 31 451 599.94 | CHF | 3 271 259.52 | 19.3.2021 | -4 632.48 | 0.00 |
| CHF | 3 356 911.37 | AUD | 4 911 333.77 | 19.3.2021 | 8 263.68 | 0.00 |
| CHF | 279 224 158.54 | USD | 319 264 746.75 | 19.3.2021 | -4 416 683.93 | -0.33 |
| SGD | 5 025 000.00 | CHF | 3 337 998.78 | 19.3.2021 | 25 869.51 | 0.00 |
| CHF | 2 492 414.52 | DKK | 17 155 000.00 | 19.3.2021 | 792.93 | 0.00 |
| CHF | 1 239 722.58 | SEK | 11 549 038.60 | 19.3.2021 | 7 460.69 | 0.00 |
| CHF | 2 911 499.25 | USD | 3 300 000.00 | 4.2.2021 | -23 867.22 | 0.00 |
| CHF | 2 907 895.32 | USD | 3 300 000.00 | 19.3.2021 | -23 887.13 | 0.00 |
| CHF | 362 374.92 | GBP | 300 000.00 | 19.3.2021 | -3 705.06 | 0.00 |
| CHF | 362 743.41 | GBP | 300 000.00 | 4.2.2021 | -3 702.40 | 0.00 |
| CHF | 1 671 492.85 | JPY | 195 000 000.00 | 4.2.2021 | 14 695.07 | 0.00 |
| HKD | 7 500 000.00 | CHF | 860 023.99 | 19.3.2021 | -636.10 | 0.00 |
| CHF | 363 881.65 | NOK | 3 500 000.00 | 4.2.2021 | -118.03 | 0.00 |
| CHF | 1 670 165.02 | JPY | 195 000 000.00 | 19.3.2021 | 14 669.96 | 0.00 |
| HKD | 7 500 000.00 | CHF | 860 984.62 | 4.2.2021 | -603.53 | 0.00 |
| CHF | 363 334.60 | NOK | 3 500 000.00 | 19.3.2021 | -182.51 | 0.00 |
| CHF | 279 391.20 | CAD | 400 000.00 | 4.2.2021 | 863.84 | 0.00 |
| CHF | 279 085.20 | CAD | 400 000.00 | 19.3.2021 | 870.57 | 0.00 |
| CHF | 1 937 183.04 | EUR | 1 800 000.00 | 4.2.2021 | -8 148.37 | 0.00 |
| CHF | 1 936 610.82 | EUR | 1 800 000.00 | 19.3.2021 | -8 150.77 | 0.00 |
| CHF | 424 694.41 | SEK | 4 000 000.00 | 4.2.2021 | -2 426.02 | 0.00 |
| CHF | 424 347.89 | SEK | 4 000 000.00 | 19.3.2021 | -2 445.00 | 0.00 |
| CHF | 5 692 974.72 | USD | 6 400 000.00 | 4.2.2021 | 142.78 | 0.00 |
| CHF | 5 686 016.00 | USD | 6 400 000.00 | 19.3.2021 | 134.89 | 0.00 |
| IDR | 143 829 100 000.00 | USD | 10 158 857.18 | 26.3.2021 | 44 930.40 | 0.00 |
| INR | 730 700 000.00 | USD | 9 909 677.77 | 26.3.2021 | 39 471.82 | 0.00 |
| USD | 10 306 085.70 | TWD | 286 200 000.00 | 26.3.2021 | 20 528.66 | 0.00 |
| RUB | 442 800 000.00 | USD | 5 963 355.26 | 26.3.2021 | -115 143.19 | -0.01 |
| USD | 1 000 000.00 | CHF | 890 630.00 | 4.2.2021 | -1 125.01 | 0.00 |
| USD | 900 000.00 | CHF | 800 572.50 | 19.3.2021 | -995.47 | 0.00 |
| CHF | 172 314.55 | HKD | 1 500 000.00 | 4.2.2021 | 238.33 | 0.00 |
| CHF | 172 117.76 | HKD | 1 500 000.00 | 19.3.2021 | 240.18 | 0.00 |
| USD | 1 100 000.00 | CHF | 974 749.60 | 19.3.2021 | 2 511.22 | 0.00 |
| USD | 1 100 000.00 | CHF | 975 955.20 | 4.2.2021 | 2 500.29 | 0.00 |
| JPY | 55 000 000.00 | CHF | 470 438.90 | 19.3.2021 | -3 504.40 | 0.00 |
| JPY | 55 000 000.00 | CHF | 470 820.27 | 4.2.2021 | -3 518.33 | 0.00 |
| CHF | 344 335.30 | GBP | 282 500.00 | 4.2.2021 | -734.51 | 0.00 |
| CHF | 343 985.84 | GBP | 282 500.00 | 19.3.2021 | -739.48 | 0.00 |
| EUR | 800 000.00 | CHF | 863 225.60 | 19.3.2021 | 1 112.88 | 0.00 |

UBS (Lux) Strategy Fund – Balanced (CHF) Rapport annuel et états financiers révisés au 31 janvier 2021
| Dénomination	Nombre/ | Evaluation en CHF | 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 | 900 000.00 | CHF | 971 417.70 | 4.2.2021 | 1 248.00 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 791 247.60 | GBP | 650 000.00 | 19.3.2021 | -1 925.70 | 0.00 |
| USD | 1 500 000.00 | CHF | 1 332 522.00 | 4.2.2021 | 1 735.48 | 0.00 |
| USD | 1 400 000.00 | CHF | 1 242 173.80 | 19.3.2021 | 1 612.69 | 0.00 |
| CHF | 792 057.50 | GBP | 650 000.00 | 4.2.2021 | -1 908.43 | 0.00 |
| Total des Contrats de change à terme | 1 835 023.41 | 0.14 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 22 414 743.13 | 1.66 |
| Crédit en compte courant et autres engagements à court terme | -4 334 240.31 | -0.32 |
| Autres actifs et passifs | 4 929 556.91 | 0.37 |
| Total de l’Actif net | 1 346 881 947.12 | 100.00 |

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