# Annual report and audited financial statements as of 31 August 2020
| Table of contents | Page |  | ISIN |
| --- | --- | --- | --- |
| Management and Administration | 3 |  |  |
| Features of the fund | 5 |  |  |
| Audit report | 11 |  |  |
| UBS (Lux) Emerging Economies Fund UBS (Lux) Emerging Economies Fund – Global Bonds (USD) | 14 16 | F-acc | LU0426895057 |
| UBS (Lux) Emerging Economies Fund |  | (CHF hedged) F-dist I-A1-acc I-B-acc (EUR hedged) I-B-acc I-X-acc (CHF hedged) I-X-acc (EUR hedged) I-X-acc I-X-dist K-X-acc P-acc (CHF hedged) P-acc (EUR hedged) P-acc (CHF hedged) P-dist P-mdist Q-acc Q-dist (CHF hedged) Q-dist U-X-acc U-X-UKdist-mdist | LU0944429587 LU0426895305 LU0426896022 LU2199275095 LU0426896378 LU0654573939 LU0674194641 LU0426896295 LU1572324363 LU0084219863 LU0776291576 LU0776291659 LU0505553213 LU0281209311 LU0358455698 LU0426895131 LU1240777703 LU0426896535 LU1896727648 |
| – Global Short Term (USD) | 28 | (EUR hedged) F-acc I-B-acc (EUR hedged) I-B-acc I-X-acc (CHF hedged) I-X-acc (EUR hedged) I-X-acc (EUR hedged) K-X-acc P-acc (CHF hedged) P-acc (EUR hedged) P-acc P-dist (CHF hedged) P-dist (EUR hedged) P-dist Q-acc (CHF hedged) Q-acc (EUR hedged) Q-acc Q-dist (CHF hedged) Q-dist (EUR hedged) Q-dist | LU0942711853 LU0540970182 LU1706618342 LU0760909399 LU1921469844 LU1822788078 LU1856011298 LU0055660707 LU0776291733 LU0509218169 LU0512596619 LU0509218326 LU0509218086 LU0633979975 LU1240778008 LU0633997878 LU1240778693 LU1240778180 LU1240778263 |
| Notes to the Financial Statements | 39 |  |  |
| Unaudited Information | 48 |  |  |


### Sales restrictions
Units of this fund may not be offered, sold or distributed within the United States of America.

### Internet address
www.ubs.com/funds

Translation (ENFR, 2020-08-31):
# Rapport annuel et états financiers révisés au 31 août 2020
| Sommaire | Page |  | ISIN |
| --- | --- | --- | --- |
| Gestion et Administration | 3 |  |  |
| Caractéristiques du Fonds | 5 |  |  |
| Rapport d’audit | 11 |  |  |
| UBS (Lux) Emerging Economies Fund UBS (Lux) Emerging Economies Fund – Global Bonds (USD) | 14 16 | F-acc | LU0426895057 |
| UBS (Lux) Emerging Economies Fund |  | (CHF hedged) F-dist I-A1-acc I-B-acc (EUR hedged) I-B-acc I-X-acc (CHF hedged) I-X-acc (EUR hedged) I-X-acc I-X-dist K-X-acc P-acc (CHF hedged) P-acc (EUR hedged) P-acc (CHF hedged) P-dist P-mdist Q-acc Q-dist (CHF hedged) Q-dist U-X-acc U-X-UKdist-mdist | LU0944429587 LU0426895305 LU0426896022 LU2199275095 LU0426896378 LU0654573939 LU0674194641 LU0426896295 LU1572324363 LU0084219863 LU0776291576 LU0776291659 LU0505553213 LU0281209311 LU0358455698 LU0426895131 LU1240777703 LU0426896535 LU1896727648 |
| – Global Short Term (USD) | 28 | (EUR hedged) F-acc I-B-acc (EUR hedged) I-B-acc I-X-acc (CHF hedged) I-X-acc (EUR hedged) I-X-acc (EUR hedged) K-X-acc P-acc (CHF hedged) P-acc (EUR hedged) P-acc P-dist (CHF hedged) P-dist (EUR hedged) P-dist Q-acc (CHF hedged) Q-acc (EUR hedged) Q-acc Q-dist (CHF hedged) Q-dist (EUR hedged) Q-dist | LU0942711853 LU0540970182 LU1706618342 LU0760909399 LU1921469844 LU1822788078 LU1856011298 LU0055660707 LU0776291733 LU0509218169 LU0512596619 LU0509218326 LU0509218086 LU0633979975 LU1240778008 LU0633997878 LU1240778693 LU1240778180 LU1240778263 |
| Notes aux états financiers (Annexe) | 39 |  |  |
| Informations non auditées | 49 |  |  |


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

### Adresse Internet
www.ubs.com/funds