# UBS (Lux) Strategy Fund – Equity (CHF)
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 31.1.2021 | 31.1.2020 | 31.1.2019 |
| Net assets in CHF |  | 249 877 211.71 | 237 104 671.83 | 210 410 240.51 |
| Class P-acc | LU0071007289 |  |  |  |
| Units outstanding |  | 276 085.6340 | 268 162.1230 | 264 447.5690 |
| Net asset value per unit in CHF |  | 837.38 | 804.33 | 729.07 |
| Issue and redemption price per unit in CHF 1 |  | 837.38 | 804.33 | 729.07 |
| Class Q-acc | LU1240799343 |  |  |  |
| Units outstanding |  | 138 450.7070 | 166 421.2660 | 152 146.7330 |
| Net asset value per unit in CHF |  | 134.99 | 128.67 | 115.73 |
| Issue and redemption price per unit in CHF 1 |  | 134.99 | 128.67 | 115.73 |
| 1  See note 1 |  |  |  |  |
| Performance |  |  |  |  |
|  | Currency | 2020/2021 | 2019/2020 | 2018/2019 |
| Class P-acc | CHF | 4.1% | 10.3% | -6.9% |
| Class Q-acc | CHF | 4.9% | 11.2% | -6.2% |

Historical performance is no indicator of current or future performance.
The performance data does not take account of any commissions and costs charged when subscribing and redeeming units. The performance data were not audited.
The subfund has no benchmark.

## Report of the Portfolio Manager
In Quarter 1 Covid-19 plunged the global economy into the deepest recession in decades. Subsequent govern- ment aid packages stabilized economic activity and supported a strong recovery across the global financial markets.
Several break-through announcements in the phar- maceutical sector further improved the investor senti- ment towards the year-end whereas scepticism about the implementation of vaccination programmes some- what diminished hopes of a quick normalization in 2021.
The risk-seeking positioning coupled with the discipli- ned approach ultimately paid off amidst generally strong markets post the Quarter 1 sell-off.
Over the financial year, from 1 February 2020 to
31 January 2021 the subfund generated a positive performance.

## Structure of the Securities Portfolio
Classification by Currency as a % of net assets	
USD	64.52
Total	96.41
CHF	31.89
Classification by Instrument as a % of net assets	
Investment funds, open end	64.52
Registered shares	25.45
Other shares	5.17
Bearer shares	0.85
Participation certificates	0.42
Total	96.41
UBS (Lux) Strategy Fund – Equity (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	186 298 134.20
| Investments in securities, unrealized appreciation (depreciation) | 	54 599 440.46	 |
| --- | --- |
| Total investments in securities (Note 1) | 240 897 574.66 |
| Cash at banks, deposits on demand and deposit accounts | 4 648 026.48 |
| Other liquid assets (Margins) | 3 984 725.35 |
| Receivable on subscriptions | 666 566.39 |
| Interest receivable on liquid assets | 4 357.69 |
| Other receivables | 44 822.39 |
| Unrealized gain on forward foreign exchange contracts (Note 1) | 274 251.81 |
| Total Assets | 250 520 324.77 |
|  |  |
| Liabilities |  |
| Unrealized loss on financial futures (Note 1) | -96 210.95 |
| Interest payable on bank overdraft | -241.59 |
| Payable on redemptions | -329 231.51 |
| Provisions for flat fee (Note 2) | -182 022.05 |
| Provisions for taxe d’abonnement (Note 3) | -4 694.82 |
| Provisions for other commissions and fees (Note 2) | 	-30 712.14	 |
| Total provisions | -217 429.01 |
| Total Liabilities | -643 113.06 |
|  |  |
| Net assets at the end of the financial year | 249 877 211.71 |
| Statement of Operations | CHF |
| Income | 1.2.2020-31.1.2021 |
| Interest on liquid assets | 6 204.59 |
| Dividends | 1 606 967.86 |
| Income on securities lending (Note 15) | 9 823.80 |
| Other income (Note 4) | 2 371.06 |
| Total income | 1 625 367.31 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -4 201 983.75 |
| Taxe d’abonnement (Note 3) | -53 568.11 |
| Cost on securities lending (Note 15) | -3 929.52 |
| Other commissions and fees (Note 2) | -31 434.24 |
| Interest on cash and bank overdraft | -32 400.52 |
| Total expenses | -4 323 316.14 |
|  |  |
| Net income (loss) on investments | -2 697 948.83 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 13 575 567.56 |
| Realized gain (loss) on options | 223 641.04 |
| Realized gain (loss) on financial futures | -2 537 941.51 |
| Realized gain (loss) on forward foreign exchange contracts | 6 126 718.14 |
| Realized gain (loss) on foreign exchange | -1 495 312.16 |
| Total realized gain (loss) | 15 892 673.07 |
|  |  |
| Net realized gain (loss) of the financial year | 13 194 724.24 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | -2 223 707.24 |
| Unrealized appreciation (depreciation) on financial futures | 136 365.06 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -682 315.31 |
| Total changes in unrealized appreciation (depreciation) | -2 769 657.49 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 10 425 066.75 |

UBS (Lux) Strategy Fund – Equity (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 | 237 104 671.83 |
| Subscriptions | 36 685 894.03 |
| Redemptions | 	-34 338 420.90	 |
| Total net subscriptions (redemptions) | 2 347 473.13 |
| Net income (loss) on investments | -2 697 948.83 |
| Total realized gain (loss) | 15 892 673.07 |
| Total changes in unrealized appreciation (depreciation) | 	-2 769 657.49	 |
| Net increase (decrease) in net assets as a result of operations | 10 425 066.75 |
| Net assets at the end of the financial year | 249 877 211.71 |
| 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 | 268 162.1230 |
| Number of units issued | 46 619.8340 |
| Number of units redeemed | -38 696.3230 |
| Number of units outstanding at the end of the financial year | 276 085.6340 |
| Class | Q-acc |
| Number of units outstanding at the beginning of the financial year | 166 421.2660 |
| Number of units issued | 11 304.0890 |
| Number of units redeemed | -39 274.6480 |
| Number of units outstanding at the end of the financial year | 138 450.7070 |

UBS (Lux) Strategy Fund – Equity (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) | 1 718.00 | 441 526.00 | 0.18 |
| CHF	SWISS RE AG CHF0.10 | 17 163.00 | 1 350 041.58 | 0.54 |
| CHF	VIFOR PHARMA AG CHF0.01 | 2 708.00 | 328 209.60 | 0.13 |
| Total Switzerland |  | 2 119 777.18 | 0.85 |
| Total Bearer shares |  | 2 119 777.18 | 0.85 |
| Participation certificates |  |  |  |
| Switzerland |  |  |  |
| CHF	LINDT & SPRUENGLI PTG CERT CHF10 | 62.00 | 479 260.00 | 0.19 |
| CHF	SCHINDLER-HLDG AG PTG CERT CHF0.10(POST-SUBD) | 2 436.00 | 573 678.00 | 0.23 |
| Total Switzerland |  | 1 052 938.00 | 0.42 |
| Total Participation certificates |  | 1 052 938.00 | 0.42 |
| Other shares |  |  |  |
| Switzerland |  |  |  |
| CHF	ROCHE HLDGS AG GENUSSCHEINE NPV | 42 083.00 | 12 925 793.45 | 5.17 |
| Total Switzerland |  | 12 925 793.45 | 5.17 |
| Total Other shares |  | 12 925 793.45 | 5.17 |
| Registered shares |  |  |  |
| Canada |  |  |  |
| CAD	AURORA CANNABIS IN COM NPV(POST REV SPLIT) | 83.00 | 819.61 | 0.00 |
| Total Canada |  | 819.61 | 0.00 |
| Switzerland |  |  |  |
| CHF	ABB LTD CHF0.12 (REGD) | 110 334.00 | 2 906 197.56 | 1.16 |
| CHF	ADECCO GROUP AG CHF0.1 (REGD) | 9 299.00 | 519 256.16 | 0.21 |
| CHF	ALCON AG CHF0.04 | 29 457.00 | 1 885 248.00 | 0.75 |
| CHF	BALOISE-HLDGS CHF0.1(REGD) | 2 772.00 | 413 859.60 | 0.17 |
| CHF	BARRY CALLEBAUT AG CHF0.02 (REGD) | 180.00 | 356 220.00 | 0.14 |
| CHF	BQE CANT VAUDOISE CHF1 | 1 771.00 | 167 359.50 | 0.07 |
| CHF	CLARIANT CHF4.00(REGD) | 11 922.00 | 226 041.12 | 0.09 |
| CHF	CREDIT SUISSE GRP CHF0.04(REGD) | 146 447.00 | 1 721 484.49 | 0.69 |
| CHF	EMS-CHEMIE HLDG AG CHF0.01(REGD)(POST RECON) | 489.00 | 411 249.00 | 0.16 |
| CHF	GEBERIT CHF0.10(REGD) | 2 219.00 | 1 210 686.40 | 0.48 |
| CHF	GIVAUDAN AG CHF10 | 553.00 | 1 988 588.00 | 0.80 |
| CHF	JULIUS BAER GRUPPE CHF0.02 (REGD) | 13 425.00 | 724 950.00 | 0.29 |
| CHF	KUEHNE&NAGEL INTL CHF1(REGD)(POST-SUBD) | 3 238.00 | 657 637.80 | 0.26 |
| CHF	LAFARGEHOLCIM LTD CHF2 (REGD) | 31 372.00 | 1 513 699.00 | 0.61 |
| CHF	LINDT & SPRUENGLI CHF100(REGD) | 6.00 | 498 600.00 | 0.20 |
| CHF	LOGITECH INTL CHF0.25(REGD) (POST-SUBD) | 9 847.00 | 914 392.42 | 0.37 |
| CHF	LONZA GROUP AG CHF1(REGD) | 4 462.00 | 2 543 340.00 | 1.02 |
| CHF	NESTLE SA CHF0.10(REGD) | 172 606.00 | 17 267 504.24 | 6.91 |
| CHF	NOVARTIS AG CHF0.50(REGD) | 132 990.00 | 10 709 684.70 | 4.29 |
| CHF	PARTNERS GROUP HLG CHF0.01 (REGD) | 1 120.00 | 1 181 040.00 | 0.47 |
| CHF	RICHEMONT(CIE FIN) CHF1.00 (REG) SER ‘A’ | 31 272.00 | 2 591 823.36 | 1.04 |
| CHF	SCHINDLER-HLDG AG CHF0.1(REGD)(POST-SUBD) | 1 226.00 | 287 864.80 | 0.12 |
| CHF	SGS LTD CHF1(REGD) | 363.00 | 983 367.00 | 0.39 |
| CHF	SIKA AG CHF0.01 (REG) | 8 494.00 | 2 058 945.60 | 0.82 |
| CHF	SONOVA HOLDING AG CHF0.05 (REGD) | 3 277.00 | 705 865.80 | 0.28 |
| CHF	STRAUMANN HLDG CHF0.1(REGD) | 620.00 | 613 552.00 | 0.25 |
| CHF	SWATCH GROUP CHF0.45(REGD) | 3 133.00 | 157 433.25 | 0.06 |
| CHF	SWISS LIFE HLDG CHF5.1(REGD) | 1 831.00 | 745 033.90 | 0.30 |
| CHF	SWISS PRIME SITE CHF15.3 (REGD) | 4 528.00 | 392 577.60 | 0.16 |
| CHF	SWISSCOM AG CHF1(REGD) | 1 551.00 | 752 855.40 | 0.30 |
| CHF	TEMENOS AG CHF5 (REGD) | 3 994.00 | 450 722.90 | 0.18 |
| CHF	UBS GROUP CHF0.10 (REGD) | 219 582.00 | 2 827 118.25 | 1.13 |
| CHF	ZURICH INSURANCE GRP CHF0.10 | 9 009.00 | 3 209 005.80 | 1.28 |
| Total Switzerland |  | 63 593 203.65 | 25.45 |
| Total Registered shares |  | 63 594 023.26 | 25.45 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 79 692 531.89 | 31.89 |

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 | 9 671.00 | 0.11 | 0.00 |
| Total Portugal | 0.11 | 0.00 |
| Total Registered shares | 0.11 | 0.00 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market | 0.11 | 0.00 |

UBS (Lux) Strategy Fund – Equity (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) |  |

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 | 3 173 683.00 | 20 564 978.36 | 8.23 |
| USD | ISHRS III PLC-MSCI WORLD SML CAP UCITS ETF-UNHDG USD-ACC | 895 000.00 | 5 250 090.05 | 2.10 |
| USD | UBS (IRL) INVESTOR SELECTION PLC - GLOB EMER MKT OPP-I-B USD | 6 970.00 | 2 073 742.64 | 0.83 |
| Total Ireland |  | 27 888 811.05 | 11.16 |
| Luxembourg |  |  |  |
| USD	UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC | 2 231.00 | 26 795 223.68 | 10.73 |
| USD	UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC | 464.00 | 16 765 075.79 | 6.71 |
| USD	UBS (LUX) EQUITY SICAV-GLOBAL QUANTITATIVE (USD) U-X-ACC | 1 759.00 | 27 016 851.94 | 10.81 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL OPPORTUNITY (USD) U-X-ACC | 2 633.00 | 25 987 513.01 | 10.40 |
| USD	UBS (LUX) INST FUND-KEY SEL. GLOBAL EQUITY FA-USD | 1 011.00 | 27 267 410.73 | 10.91 |
| USD	UBS (LUX) INSTITUTION SICAV-EQUITIES GLB (EX USA) PASSIVE XA | 94 690.00 | 9 484 156.46 | 3.80 |
| Total Luxembourg |  | 133 316 231.61 | 53.36 |
| Total Investment funds, open end |  | 161 205 042.66 | 64.52 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  | 161 205 042.66 | 64.52 |
| Total investments in securities |  | 240 897 574.66 | 96.41 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange Financial Futures on Indices |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.03.21 | 72.00 | -51 128.77 | -0.02 |
| CHF	SWISS MARKET INDEX FUTURE 19.03.21 | 58.00 | 88 850.00 | 0.04 |
| GBP	FTSE 100 INDEX FUTURE 19.03.21 | 120.00 | -237 600.95 | -0.10 |
| SEK	OMX 30 INDEX FUTURE 19.02.21 | -72.00 | 10 256.96 | 0.00 |
| USD	S&P500 EMINI FUTURE 19.03.21 | -135.00 | -56 509.62 | -0.02 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 11.03.21 | 9.00 | 83 186.25 | 0.03 |
| AUD	SPI 200 INDEX FUTURES 18.03.21 | 19.00 | -16 705.30 | -0.01 |
| CAD	S&P/TSX 60 INDEX FUTURE 18.03.21 | 6.00 | -3 869.13 | 0.00 |
| HKD	HANG SENG INDEX FUTURE 25.02.21 | -10.00 | 87 309.61 | 0.04 |
| Total Financial Futures on Indices |  | -96 210.95 | -0.04 |
| Total Derivative instruments listed on an official stock exchange |  | -96 210.95 | -0.04 |
| Total Derivative instruments |  | -96 210.95 | -0.04 |
| Forward Foreign Exchange contracts Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| CHF | 8 090 987.29 | EUR | 7 492 302.84 | 4.2.2021 | -6 241.61 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 14 601.23 | ZAR | 250 000.00 | 4.2.2021 | -164.62 | 0.00 |
| GBP | 4 116 693.06 | CHF | 4 946 519.58 | 4.2.2021 | 81 963.54 | 0.03 |
| CHF | 1 586 087.91 | AUD | 2 384 474.28 | 4.2.2021 | -41 282.52 | -0.02 |
| SGD | 1 215 000.00 | CHF | 821 255.58 | 4.2.2021 | -6 896.19 | 0.00 |
| CHF | 12 527.10 | NZD | 20 000.00 | 4.2.2021 | -294.22 | 0.00 |
| JPY | 117 273 730.00 | CHF | 1 022 511.90 | 4.2.2021 | -26 107.51 | -0.01 |
| CHF | 593 509.94 | SEK | 5 621 390.21 | 4.2.2021 | -6 742.71 | 0.00 |
| CHF | 272 710.08 | NOK | 2 715 505.15 | 4.2.2021 | -9 702.21 | 0.00 |
| CHF | 849 995.63 | CAD | 1 223 952.19 | 4.2.2021 | -2 264.81 | 0.00 |
| CHF | 27 097.44 | ILS | 100 000.00 | 4.2.2021 | -61.98 | 0.00 |
| CHF | 900 561.22 | DKK | 6 210 000.00 | 4.2.2021 | -1 786.61 | 0.00 |
| CHF | 2 343 163.69 | HKD | 19 998 000.00 | 4.2.2021 | 49 043.55 | 0.02 |
| CHF | 43 204 191.99 | USD | 47 571 230.99 | 4.2.2021 | 889 344.65 | 0.36 |
| CHF | 15 866.18 | SEK | 150 000.00 | 4.2.2021 | -150.84 | 0.00 |
| GBP | 100 000.00 | CHF | 121 511.60 | 4.2.2021 | 637.00 | 0.00 |
| CAD | 700 000.00 | JPY | 57 030 120.00 | 4.2.2021 | 2 872.46 | 0.00 |
| NOK | 7 250 000.00 | USD | 821 308.25 | 4.2.2021 | 23 444.06 | 0.01 |
| AUD | 1 100 000.00 | JPY | 86 249 171.00 | 4.2.2021 | 17 928.70 | 0.01 |
| JPY | 15 000 000.00 | CHF | 127 915.63 | 4.2.2021 | -469.65 | 0.00 |
| SEK | 1 400 000.00 | CHF | 147 606.35 | 4.2.2021 | 1 885.80 | 0.00 |
| CHF | 120 334.32 | AUD | 180 000.00 | 4.2.2021 | -2 513.17 | 0.00 |
| HKD | 1 400 000.00 | CHF | 160 078.10 | 4.2.2021 | 526.37 | 0.00 |
| CHF | 93 653.82 | CAD | 135 000.00 | 4.2.2021 | -349.17 | 0.00 |
| EUR | 100 000.00 | CHF | 107 722.40 | 4.2.2021 | 351.57 | 0.00 |
| CHF | 1 598 913.55 | GBP | 1 355 000.00 | 4.2.2021 | -56 200.04 | -0.02 |
| CHF | 3 046 833.46 | USD | 3 440 000.00 | 4.2.2021 | -13 063.71 | -0.01 |
| CHF | 276 786.53 | GBP | 235 000.00 | 4.2.2021 | -10 262.69 | 0.00 |
| USD | 1 790 000.00 | CHF | 1 583 607.63 | 4.2.2021 | 8 606.30 | 0.00 |
| CHF | 405 322.50 | EUR | 375 000.00 | 4.2.2021 | 45.12 | 0.00 |
| GBP | 160 000.00 | CHF | 192 005.44 | 4.2.2021 | 3 432.33 | 0.00 |
| CHF | 15 949.45 | SEK | 150 000.00 | 4.2.2021 | -67.57 | 0.00 |
| CHF | 205 694.36 | EUR | 190 000.00 | 4.2.2021 | 353.82 | 0.00 |
| CHF | 154 444.82 | JPY | 18 000 000.00 | 4.2.2021 | 1 509.64 | 0.00 |
| USD | 1 260 000.00 | CHF | 1 113 416.64 | 4.2.2021 | 7 359.65 | 0.00 |
| CHF | 130 395.54 | GBP | 110 000.00 | 4.2.2021 | -3 967.92 | 0.00 |
| USD | 280 000.00 | CHF | 247 579.08 | 4.2.2021 | 1 482.32 | 0.00 |
| GBP | 55 000.00 | CHF | 65 811.68 | 4.2.2021 | 1 370.05 | 0.00 |
| JPY | 13 000 000.00 | CHF | 111 795.45 | 4.2.2021 | -1 342.26 | 0.00 |
| USD | 170 000.00 | CHF | 150 550.47 | 4.2.2021 | 665.38 | 0.00 |

UBS (Lux) Strategy Fund – Equity (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
| CHF | 17 008.87 | HKD | 150 000.00 | 4.2.2021 | -198.75 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 16 989.67 | HKD | 150 000.00 | 19.3.2021 | -198.09 | 0.00 |
| CHF | 8 152 419.99 | EUR | 7 544 373.65 | 19.3.2021 | 1 304.38 | 0.00 |
| CHF | 1 095 502.82 | AUD | 1 602 776.90 | 19.3.2021 | 2 696.79 | 0.00 |
| CHF | 42 165 215.52 | USD | 48 211 683.85 | 19.3.2021 | -666 956.72 | -0.27 |
| SGD | 835 000.00 | CHF | 554 672.43 | 19.3.2021 | 4 298.72 | 0.00 |
| CHF | 608 277.71 | CAD | 880 095.08 | 19.3.2021 | -3 860.60 | 0.00 |
| GBP | 2 775 925.38 | CHF | 3 316 981.00 | 19.3.2021 | 70 388.07 | 0.03 |
| NOK | 4 584 063.12 | CHF | 476 785.29 | 19.3.2021 | -675.19 | 0.00 |
| CHF | 12 781.44 | NZD | 20 000.00 | 19.3.2021 | -24.28 | 0.00 |
| CHF | 224 761.21 | JPY | 26 411 577.00 | 19.3.2021 | 534.36 | 0.00 |
| CHF | 27 508.90 | ILS | 100 000.00 | 19.3.2021 | 358.29 | 0.00 |
| CHF | 2 096 618.83 | HKD | 18 590 000.00 | 19.3.2021 | -33 517.29 | -0.01 |
| CHF | 902 238.07 | DKK | 6 210 000.00 | 19.3.2021 | 287.03 | 0.00 |
| CHF | 481 067.85 | SEK | 4 481 543.87 | 19.3.2021 | 2 895.09 | 0.00 |
| CHF | 238 570.38 | USD | 270 000.00 | 19.3.2021 | -1 302.73 | 0.00 |
| CHF | 16 145.23 | SEK | 150 000.00 | 4.2.2021 | 128.21 | 0.00 |
| CHF | 16 131.87 | SEK | 150 000.00 | 19.3.2021 | 127.14 | 0.00 |
| CHF | 238 865.22 | USD | 270 000.00 | 4.2.2021 | -1 301.13 | 0.00 |
| CHF | 17 158.29 | HKD | 150 000.00 | 4.2.2021 | -49.33 | 0.00 |
| CHF | 17 139.00 | HKD | 150 000.00 | 19.3.2021 | -48.76 | 0.00 |
| CHF | 101 076.23 | SEK | 950 000.00 | 4.2.2021 | -364.87 | 0.00 |
| CHF | 100 994.73 | SEK | 950 000.00 | 19.3.2021 | -368.58 | 0.00 |
| CHF | 103 809.89 | NOK | 1 000 000.00 | 19.3.2021 | -52.14 | 0.00 |
| HKD | 2 450 000.00 | CHF | 280 941.17 | 19.3.2021 | -207.79 | 0.00 |
| HKD | 2 450 000.00 | CHF | 281 254.98 | 4.2.2021 | -197.16 | 0.00 |
| CHF | 103 966.19 | NOK | 1 000 000.00 | 4.2.2021 | -33.72 | 0.00 |
| CHF | 139 695.60 | CAD | 200 000.00 | 4.2.2021 | 431.92 | 0.00 |
| CHF | 139 542.60 | CAD | 200 000.00 | 19.3.2021 | 435.29 | 0.00 |
| EUR | 120 000.00 | CHF | 129 107.39 | 19.3.2021 | 543.38 | 0.00 |
| EUR | 120 000.00 | CHF | 129 145.54 | 4.2.2021 | 543.22 | 0.00 |
| CHF | 130 152.15 | DKK | 900 000.00 | 19.3.2021 | -565.39 | 0.00 |
| CHF | 74 321.52 | SEK | 700 000.00 | 4.2.2021 | -424.56 | 0.00 |
| SGD | 120 000.00 | CHF | 80 201.09 | 19.3.2021 | 130.09 | 0.00 |
| SGD | 120 000.00 | CHF | 80 298.28 | 4.2.2021 | 132.28 | 0.00 |
| CHF | 74 260.88 | SEK | 700 000.00 | 19.3.2021 | -427.88 | 0.00 |
| CHF | 130 202.44 | DKK | 900 000.00 | 4.2.2021 | -572.61 | 0.00 |
| CHF | 2 615 210.26 | USD | 2 940 000.00 | 4.2.2021 | 65.59 | 0.00 |
| CHF | 2 612 013.60 | USD | 2 940 000.00 | 19.3.2021 | 61.97 | 0.00 |
| INR | 127 890 000.00 | USD | 1 734 430.94 | 26.3.2021 | 6 908.52 | 0.00 |
| IDR | 25 174 140 000.00 | USD | 1 778 085.89 | 26.3.2021 | 7 864.08 | 0.00 |
| USD | 1 803 745.05 | TWD | 50 090 000.00 | 26.3.2021 | 3 592.87 | 0.00 |
| RUB | 80 640 000.00 | USD | 1 086 009.41 | 26.3.2021 | -20 969.16 | -0.01 |
| CHF | 40 215.63 | HKD | 350 000.00 | 4.2.2021 | 64.51 | 0.00 |
| CHF | 40 169.37 | HKD | 350 000.00 | 19.3.2021 | 64.60 | 0.00 |
| CHF | 17 147.92 | HKD | 150 000.00 | 19.3.2021 | -39.84 | 0.00 |
| CHF | 17 167.80 | HKD | 150 000.00 | 4.2.2021 | -39.82 | 0.00 |
| CHF | 15 967.86 | SEK | 150 000.00 | 4.2.2021 | -49.16 | 0.00 |
| CHF | 15 955.39 | SEK | 150 000.00 | 19.3.2021 | -49.34 | 0.00 |
| Total Forward Foreign Exchange contracts | 274 251.81 | 0.11 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 8 632 751.83 | 3.45 |
| Other assets and liabilities | 168 844.36 | 0.07 |
| Total net assets | 249 877 211.71 | 100.00 |

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

Translation (ENFR, 2021-01-31):
# UBS (Lux) Strategy Fund – Equity (CHF)
| Comparaison sur trois ans |  |
| --- | --- |
|  | ISIN | 31.1.2021 | 31.1.2020 | 31.1.2019 |
| Actif net en CHF |  | 249 877 211.71 | 237 104 671.83 | 210 410 240.51 |
| Catégorie P-acc | LU0071007289 |  |  |  |
| Parts en circulation |  | 276 085.6340 | 268 162.1230 | 264 447.5690 |
| Valeur nette d’inventaire par part en CHF |  | 837.38 | 804.33 | 729.07 |
| Prix d’émission et de rachat par part en CHF 1 |  | 837.38 | 804.33 | 729.07 |
| Catégorie Q-acc | LU1240799343 |  |  |  |
| Parts en circulation |  | 138 450.7070 | 166 421.2660 | 152 146.7330 |
| Valeur nette d’inventaire par part en CHF |  | 134.99 | 128.67 | 115.73 |
| Prix d’émission et de rachat par part en CHF 1 |  | 134.99 | 128.67 | 115.73 |
| 1  Voir note 1 |  |  |  |  |
| Performance |  |  |  |  |
|  | Devise | 2020/2021 | 2019/2020 | 2018/2019 |
| Catégorie P-acc | CHF | 4.1% | 10.3% | -6.9% |
| Catégorie Q-acc | CHF | 4.9% | 11.2% | -6.2% |

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.
Le positionnement axé sur la recherche de risques, allié à une approche disciplinée, a finalement porté ses fruits, dans un contexte de marchés généralement solides suite à la vague vendeur du premier trimestre.
Au cours de l’exercice allant du 1
er 
février 2020 au 31 janvier 2021, le compartiment a affiché une perfor- mance positive.

## Structure du portefeuille-titres
Répartition selon les devises en % de l’actif net	
USD	64.52
Total	96.41
CHF	31.89
Répartition selon les instruments de placement en % de l’actif net	
Fonds d’investissement, ouvert	64.52
Actions nominatives	25.45
Autres actions	5.17
Actions au porteur	0.85
Bons de participation	0.42
Total	96.41
UBS (Lux) Strategy Fund – Equity (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	186 298 134.20
| Portefeuille-titres, plus-/(moins)-value non réalisée | 	54 599 440.46	 |
| --- | --- |
| Total du Portefeuille-titres (note 1) | 240 897 574.66 |
| Avoirs en banque, dépôts à vue et à terme | 4 648 026.48 |
| Autres liquidités (marges) | 3 984 725.35 |
| Créances sur souscriptions | 666 566.39 |
| Intérêts à recevoir sur liquidités | 4 357.69 |
| Autres créances | 44 822.39 |
| Bénéfice non réalisé(e) sur contrats de change à terme (note 1) | 274 251.81 |
| Total de l’Actif | 250 520 324.77 |
|  |  |
| Passif |  |
| Perte non réalisé(e) sur contrats financiers à terme (note 1) | -96 210.95 |
| Intérêts à payer sur crédit en compte courant | -241.59 |
| Engagements sur rachats | -329 231.51 |
| Provisions pour commission de gestion forfaitaire (note 2) | -182 022.05 |
| Provisions pour taxe d’abonnement (note 3) | -4 694.82 |
| Provisions pour autres commissions et frais (note 2) | 	-30 712.14	 |
| Total des Provisions pour frais | -217 429.01 |
| Total du Passif | -643 113.06 |
|  |  |
| Actif net à la fin de l’exercice | 249 877 211.71 |
| Etat des opérations | CHF |
| Revenus | 1.2.2020-31.1.2021 |
| Revenus d’intérêts sur liquidités | 6 204.59 |
| Dividendes | 1 606 967.86 |
| Revenus sur prêts de titres (note 15) | 9 823.80 |
| Autres revenus (note 4) | 2 371.06 |
| Total des Revenus | 1 625 367.31 |
|  |  |
| Charges |  |
| Commission de gestion forfaitaire (note 2) | -4 201 983.75 |
| Taxe d’abonnement (note 3) | -53 568.11 |
| Frais sur prêts de titres (note 15) | -3 929.52 |
| Autres commissions et frais (note 2) | -31 434.24 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -32 400.52 |
| Total des Charges | -4 323 316.14 |
|  |  |
| Revenus/pertes net(te)s de placements | -2 697 948.83 |
|  |  |
| Bénéfices/(pertes) réalisé(e)s (note 1) |  |
| Bénéfice/(perte) réalisé(e) sur titres évalués à la valeur de marché hors options | 13 575 567.56 |
| Bénéfice/perte réalisé(e) sur options | 223 641.04 |
| Bénéfice/perte réalisé(e) sur contrats financiers à terme | -2 537 941.51 |
| Bénéfice/(perte) réalisé(e) sur contrats de change à terme | 6 126 718.14 |
| Bénéfice/(perte) de change réalisé(e) | -1 495 312.16 |
| Total des Bénéfices/(pertes) réalisé(e)s | 15 892 673.07 |
|  |  |
| Bénéfice/(perte) net(te) réalisé(e) au cours de l’exercice | 13 194 724.24 |
|  |  |
| Fluctuations de la plus-/(moins)-value non réalisée (note 1) |  |
| Plus-/(moins)-value non réalisée sur titres évalués à la valeur de marché hors options | -2 223 707.24 |
| Plus-/(moins)-value non réalisée sur contrats financiers à terme | 136 365.06 |
| Plus-/(moins)-value non réalisée sur contrats de change à terme | -682 315.31 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | -2 769 657.49 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 10 425 066.75 |

UBS (Lux) Strategy Fund – Equity (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 | 237 104 671.83 |
| Souscriptions | 36 685 894.03 |
| Rachats | 	-34 338 420.90	 |
| Total des Entrées/(sorties) de capitaux | 2 347 473.13 |
| Revenus/pertes net(te)s de placements | -2 697 948.83 |
| Total des Bénéfices/(pertes) réalisé(e)s | 15 892 673.07 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 	-2 769 657.49	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 10 425 066.75 |
| Actif net à la fin de l’exercice | 249 877 211.71 |
| Evolution des parts en circulation |  |
|  | 1.2.2020-31.1.2021 |
| Catégorie | P-acc |
| Nombre de parts en circulation au début de l’exercice | 268 162.1230 |
| Nombre de parts émises | 46 619.8340 |
| Nombre de parts rachetées | -38 696.3230 |
| Nombre de parts en circulation à la fin de l’exercice | 276 085.6340 |
| Catégorie | Q-acc |
| Nombre de parts en circulation au début de l’exercice | 166 421.2660 |
| Nombre de parts émises | 11 304.0890 |
| Nombre de parts rachetées | -39 274.6480 |
| Nombre de parts en circulation à la fin de l’exercice | 138 450.7070 |

UBS (Lux) Strategy Fund – Equity (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) | 1 718.00 | 441 526.00 | 0.18 |
| CHF	SWISS RE AG CHF0.10 | 17 163.00 | 1 350 041.58 | 0.54 |
| CHF	VIFOR PHARMA AG CHF0.01 | 2 708.00 | 328 209.60 | 0.13 |
| Total Suisse |  | 2 119 777.18 | 0.85 |
| Total des Actions au porteur |  | 2 119 777.18 | 0.85 |
| Bons de participation |  |  |  |
| Suisse |  |  |  |
| CHF	LINDT & SPRUENGLI PTG CERT CHF10 | 62.00 | 479 260.00 | 0.19 |
| CHF	SCHINDLER-HLDG AG PTG CERT CHF0.10(POST-SUBD) | 2 436.00 | 573 678.00 | 0.23 |
| Total Suisse |  | 1 052 938.00 | 0.42 |
| Total des Bons de participation |  | 1 052 938.00 | 0.42 |
| Autres actions |  |  |  |
| Suisse |  |  |  |
| CHF	ROCHE HLDGS AG GENUSSCHEINE NPV	42 083.00 | 12 925 793.45 | 5.17 |
| Total Suisse | 12 925 793.45 | 5.17 |
| Total des Autres actions | 12 925 793.45 | 5.17 |
| Actions nominatives |  |  |  |
| Canada |  |  |  |  |
| CAD | AURORA CANNABIS IN COM NPV(POST REV SPLIT) | 83.00 | 819.61 | 0.00 |
| Total Canada | 819.61 | 0.00 |
| Suisse |  |  |  |  |
| CHF | ABB LTD CHF0.12 (REGD) | 110 334.00 | 2 906 197.56 | 1.16 |
| CHF | ADECCO GROUP AG CHF0.1 (REGD) | 9 299.00 | 519 256.16 | 0.21 |
| CHF | ALCON AG CHF0.04 | 29 457.00 | 1 885 248.00 | 0.75 |
| CHF | BALOISE-HLDGS CHF0.1(REGD) | 2 772.00 | 413 859.60 | 0.17 |
| CHF | BARRY CALLEBAUT AG CHF0.02 (REGD) | 180.00 | 356 220.00 | 0.14 |
| CHF | BQE CANT VAUDOISE CHF1 | 1 771.00 | 167 359.50 | 0.07 |
| CHF | CLARIANT CHF4.00(REGD) | 11 922.00 | 226 041.12 | 0.09 |
| CHF | CREDIT SUISSE GRP CHF0.04(REGD) | 146 447.00 | 1 721 484.49 | 0.69 |
| CHF | EMS-CHEMIE HLDG AG CHF0.01(REGD)(POST RECON) | 489.00 | 411 249.00 | 0.16 |
| CHF | GEBERIT CHF0.10(REGD) | 2 219.00 | 1 210 686.40 | 0.48 |
| CHF | GIVAUDAN AG CHF10 | 553.00 | 1 988 588.00 | 0.80 |
| CHF | JULIUS BAER GRUPPE CHF0.02 (REGD) | 13 425.00 | 724 950.00 | 0.29 |
| CHF | KUEHNE&NAGEL INTL CHF1(REGD)(POST-SUBD) | 3 238.00 | 657 637.80 | 0.26 |
| CHF | LAFARGEHOLCIM LTD CHF2 (REGD) | 31 372.00 | 1 513 699.00 | 0.61 |
| CHF | LINDT & SPRUENGLI CHF100(REGD) | 6.00 | 498 600.00 | 0.20 |
| CHF | LOGITECH INTL CHF0.25(REGD) (POST-SUBD) | 9 847.00 | 914 392.42 | 0.37 |
| CHF | LONZA GROUP AG CHF1(REGD) | 4 462.00 | 2 543 340.00 | 1.02 |
| CHF | NESTLE SA CHF0.10(REGD) | 172 606.00 | 17 267 504.24 | 6.91 |
| CHF | NOVARTIS AG CHF0.50(REGD) | 132 990.00 | 10 709 684.70 | 4.29 |
| CHF | PARTNERS GROUP HLG CHF0.01 (REGD) | 1 120.00 | 1 181 040.00 | 0.47 |
| CHF | RICHEMONT(CIE FIN) CHF1.00 (REG) SER ‘A’ | 31 272.00 | 2 591 823.36 | 1.04 |
| CHF | SCHINDLER-HLDG AG CHF0.1(REGD)(POST-SUBD) | 1 226.00 | 287 864.80 | 0.12 |
| CHF | SGS LTD CHF1(REGD) | 363.00 | 983 367.00 | 0.39 |
| CHF | SIKA AG CHF0.01 (REG) | 8 494.00 | 2 058 945.60 | 0.82 |
| CHF | SONOVA HOLDING AG CHF0.05 (REGD) | 3 277.00 | 705 865.80 | 0.28 |
| CHF | STRAUMANN HLDG CHF0.1(REGD) | 620.00 | 613 552.00 | 0.25 |
| CHF | SWATCH GROUP CHF0.45(REGD) | 3 133.00 | 157 433.25 | 0.06 |
| CHF | SWISS LIFE HLDG CHF5.1(REGD) | 1 831.00 | 745 033.90 | 0.30 |
| CHF | SWISS PRIME SITE CHF15.3 (REGD) | 4 528.00 | 392 577.60 | 0.16 |
| CHF | SWISSCOM AG CHF1(REGD) | 1 551.00 | 752 855.40 | 0.30 |
| CHF | TEMENOS AG CHF5 (REGD) | 3 994.00 | 450 722.90 | 0.18 |
| CHF | UBS GROUP CHF0.10 (REGD) | 219 582.00 | 2 827 118.25 | 1.13 |
| CHF | ZURICH INSURANCE GRP CHF0.10 | 9 009.00 | 3 209 005.80 | 1.28 |
| Total Suisse | 63 593 203.65 | 25.45 |
| Total des Actions nominatives | 63 594 023.26 | 25.45 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle | 79 692 531.89 | 31.89 |

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 | 9 671.00 | 0.11 | 0.00 |
| Total Portugal | 0.11 | 0.00 |
| Total des Actions nominatives | 0.11 | 0.00 |
| Total des Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé | 0.11 | 0.00 |

UBS (Lux) Strategy Fund – Equity (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) |  |

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 | 3 173 683.00 | 20 564 978.36 | 8.23 |
| USD | ISHRS III PLC-MSCI WORLD SML CAP UCITS ETF-UNHDG USD-ACC | 895 000.00 | 5 250 090.05 | 2.10 |
| USD | UBS (IRL) INVESTOR SELECTION PLC - GLOB EMER MKT OPP-I-B USD | 6 970.00 | 2 073 742.64 | 0.83 |
| Total Irlande |  | 27 888 811.05 | 11.16 |
| Luxembourg |  |  |  |
| USD	UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC | 2 231.00 | 26 795 223.68 | 10.73 |
| USD	UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC | 464.00 | 16 765 075.79 | 6.71 |
| USD	UBS (LUX) EQUITY SICAV-GLOBAL QUANTITATIVE (USD) U-X-ACC | 1 759.00 | 27 016 851.94 | 10.81 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL OPPORTUNITY (USD) U-X-ACC | 2 633.00 | 25 987 513.01 | 10.40 |
| USD	UBS (LUX) INST FUND-KEY SEL. GLOBAL EQUITY FA-USD | 1 011.00 | 27 267 410.73 | 10.91 |
| USD	UBS (LUX) INSTITUTION SICAV-EQUITIES GLB (EX USA) PASSIVE XA | 94 690.00 | 9 484 156.46 | 3.80 |
| Total Luxembourg |  | 133 316 231.61 | 53.36 |
| Total des Fonds d’investissement, ouvert |  | 161 205 042.66 | 64.52 |
| Total des OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée |  | 161 205 042.66 | 64.52 |
| Total du Portefeuille-titres |  | 240 897 574.66 | 96.41 |

| Instruments dérivés |  |
| --- | --- |
| Instruments dérivés négociés sur une bourse officielle Contrats financiers à terme sur indices |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.03.21 | 72.00 | -51 128.77 | -0.02 |
| CHF	SWISS MARKET INDEX FUTURE 19.03.21 | 58.00 | 88 850.00 | 0.04 |
| GBP	FTSE 100 INDEX FUTURE 19.03.21 | 120.00 | -237 600.95 | -0.10 |
| SEK	OMX 30 INDEX FUTURE 19.02.21 | -72.00 | 10 256.96 | 0.00 |
| USD	S&P500 EMINI FUTURE 19.03.21 | -135.00 | -56 509.62 | -0.02 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 11.03.21 | 9.00 | 83 186.25 | 0.03 |
| AUD	SPI 200 INDEX FUTURES 18.03.21 | 19.00 | -16 705.30 | -0.01 |
| CAD	S&P/TSX 60 INDEX FUTURE 18.03.21 | 6.00 | -3 869.13 | 0.00 |
| HKD	HANG SENG INDEX FUTURE 25.02.21 | -10.00 | 87 309.61 | 0.04 |
| Total des Contrats financiers à terme sur indices |  | -96 210.95 | -0.04 |
| Total des Instruments dérivés négociés sur une bourse officielle |  | -96 210.95 | -0.04 |
| Total des Instruments dérivés |  | -96 210.95 | -0.04 |
| Contrats de change à terme Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |  |

| CHF | 8 090 987.29 | EUR | 7 492 302.84 | 4.2.2021 | -6 241.61 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 14 601.23 | ZAR | 250 000.00 | 4.2.2021 | -164.62 | 0.00 |
| GBP | 4 116 693.06 | CHF | 4 946 519.58 | 4.2.2021 | 81 963.54 | 0.03 |
| CHF | 1 586 087.91 | AUD | 2 384 474.28 | 4.2.2021 | -41 282.52 | -0.02 |
| SGD | 1 215 000.00 | CHF | 821 255.58 | 4.2.2021 | -6 896.19 | 0.00 |
| CHF | 12 527.10 | NZD | 20 000.00 | 4.2.2021 | -294.22 | 0.00 |
| JPY | 117 273 730.00 | CHF | 1 022 511.90 | 4.2.2021 | -26 107.51 | -0.01 |
| CHF | 593 509.94 | SEK | 5 621 390.21 | 4.2.2021 | -6 742.71 | 0.00 |
| CHF | 272 710.08 | NOK | 2 715 505.15 | 4.2.2021 | -9 702.21 | 0.00 |
| CHF | 849 995.63 | CAD | 1 223 952.19 | 4.2.2021 | -2 264.81 | 0.00 |
| CHF | 27 097.44 | ILS | 100 000.00 | 4.2.2021 | -61.98 | 0.00 |
| CHF | 900 561.22 | DKK | 6 210 000.00 | 4.2.2021 | -1 786.61 | 0.00 |
| CHF | 2 343 163.69 | HKD | 19 998 000.00 | 4.2.2021 | 49 043.55 | 0.02 |
| CHF | 43 204 191.99 | USD | 47 571 230.99 | 4.2.2021 | 889 344.65 | 0.36 |
| CHF | 15 866.18 | SEK | 150 000.00 | 4.2.2021 | -150.84 | 0.00 |
| GBP | 100 000.00 | CHF | 121 511.60 | 4.2.2021 | 637.00 | 0.00 |
| CAD | 700 000.00 | JPY | 57 030 120.00 | 4.2.2021 | 2 872.46 | 0.00 |
| NOK | 7 250 000.00 | USD | 821 308.25 | 4.2.2021 | 23 444.06 | 0.01 |
| AUD | 1 100 000.00 | JPY | 86 249 171.00 | 4.2.2021 | 17 928.70 | 0.01 |
| JPY | 15 000 000.00 | CHF | 127 915.63 | 4.2.2021 | -469.65 | 0.00 |
| SEK | 1 400 000.00 | CHF | 147 606.35 | 4.2.2021 | 1 885.80 | 0.00 |
| CHF | 120 334.32 | AUD | 180 000.00 | 4.2.2021 | -2 513.17 | 0.00 |
| HKD | 1 400 000.00 | CHF | 160 078.10 | 4.2.2021 | 526.37 | 0.00 |
| CHF | 93 653.82 | CAD | 135 000.00 | 4.2.2021 | -349.17 | 0.00 |
| EUR | 100 000.00 | CHF | 107 722.40 | 4.2.2021 | 351.57 | 0.00 |
| CHF | 1 598 913.55 | GBP | 1 355 000.00 | 4.2.2021 | -56 200.04 | -0.02 |
| CHF | 3 046 833.46 | USD | 3 440 000.00 | 4.2.2021 | -13 063.71 | -0.01 |
| CHF | 276 786.53 | GBP | 235 000.00 | 4.2.2021 | -10 262.69 | 0.00 |
| USD | 1 790 000.00 | CHF | 1 583 607.63 | 4.2.2021 | 8 606.30 | 0.00 |
| CHF | 405 322.50 | EUR | 375 000.00 | 4.2.2021 | 45.12 | 0.00 |
| GBP | 160 000.00 | CHF | 192 005.44 | 4.2.2021 | 3 432.33 | 0.00 |
| CHF | 15 949.45 | SEK | 150 000.00 | 4.2.2021 | -67.57 | 0.00 |
| CHF | 205 694.36 | EUR | 190 000.00 | 4.2.2021 | 353.82 | 0.00 |
| CHF | 154 444.82 | JPY | 18 000 000.00 | 4.2.2021 | 1 509.64 | 0.00 |
| USD | 1 260 000.00 | CHF | 1 113 416.64 | 4.2.2021 | 7 359.65 | 0.00 |
| CHF | 130 395.54 | GBP | 110 000.00 | 4.2.2021 | -3 967.92 | 0.00 |
| USD | 280 000.00 | CHF | 247 579.08 | 4.2.2021 | 1 482.32 | 0.00 |
| GBP | 55 000.00 | CHF | 65 811.68 | 4.2.2021 | 1 370.05 | 0.00 |
| JPY | 13 000 000.00 | CHF | 111 795.45 | 4.2.2021 | -1 342.26 | 0.00 |
| USD | 170 000.00 | CHF | 150 550.47 | 4.2.2021 | 665.38 | 0.00 |

UBS (Lux) Strategy Fund – Equity (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
| CHF | 17 008.87 | HKD | 150 000.00 | 4.2.2021 | -198.75 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 16 989.67 | HKD | 150 000.00 | 19.3.2021 | -198.09 | 0.00 |
| CHF | 8 152 419.99 | EUR | 7 544 373.65 | 19.3.2021 | 1 304.38 | 0.00 |
| CHF | 1 095 502.82 | AUD | 1 602 776.90 | 19.3.2021 | 2 696.79 | 0.00 |
| CHF | 42 165 215.52 | USD | 48 211 683.85 | 19.3.2021 | -666 956.72 | -0.27 |
| SGD | 835 000.00 | CHF | 554 672.43 | 19.3.2021 | 4 298.72 | 0.00 |
| CHF | 608 277.71 | CAD | 880 095.08 | 19.3.2021 | -3 860.60 | 0.00 |
| GBP | 2 775 925.38 | CHF | 3 316 981.00 | 19.3.2021 | 70 388.07 | 0.03 |
| NOK | 4 584 063.12 | CHF | 476 785.29 | 19.3.2021 | -675.19 | 0.00 |
| CHF | 12 781.44 | NZD | 20 000.00 | 19.3.2021 | -24.28 | 0.00 |
| CHF | 224 761.21 | JPY | 26 411 577.00 | 19.3.2021 | 534.36 | 0.00 |
| CHF | 27 508.90 | ILS | 100 000.00 | 19.3.2021 | 358.29 | 0.00 |
| CHF | 2 096 618.83 | HKD | 18 590 000.00 | 19.3.2021 | -33 517.29 | -0.01 |
| CHF | 902 238.07 | DKK | 6 210 000.00 | 19.3.2021 | 287.03 | 0.00 |
| CHF | 481 067.85 | SEK | 4 481 543.87 | 19.3.2021 | 2 895.09 | 0.00 |
| CHF | 238 570.38 | USD | 270 000.00 | 19.3.2021 | -1 302.73 | 0.00 |
| CHF | 16 145.23 | SEK | 150 000.00 | 4.2.2021 | 128.21 | 0.00 |
| CHF | 16 131.87 | SEK | 150 000.00 | 19.3.2021 | 127.14 | 0.00 |
| CHF | 238 865.22 | USD | 270 000.00 | 4.2.2021 | -1 301.13 | 0.00 |
| CHF | 17 158.29 | HKD | 150 000.00 | 4.2.2021 | -49.33 | 0.00 |
| CHF | 17 139.00 | HKD | 150 000.00 | 19.3.2021 | -48.76 | 0.00 |
| CHF | 101 076.23 | SEK | 950 000.00 | 4.2.2021 | -364.87 | 0.00 |
| CHF | 100 994.73 | SEK | 950 000.00 | 19.3.2021 | -368.58 | 0.00 |
| CHF | 103 809.89 | NOK | 1 000 000.00 | 19.3.2021 | -52.14 | 0.00 |
| HKD | 2 450 000.00 | CHF | 280 941.17 | 19.3.2021 | -207.79 | 0.00 |
| HKD | 2 450 000.00 | CHF | 281 254.98 | 4.2.2021 | -197.16 | 0.00 |
| CHF | 103 966.19 | NOK | 1 000 000.00 | 4.2.2021 | -33.72 | 0.00 |
| CHF | 139 695.60 | CAD | 200 000.00 | 4.2.2021 | 431.92 | 0.00 |
| CHF | 139 542.60 | CAD | 200 000.00 | 19.3.2021 | 435.29 | 0.00 |
| EUR | 120 000.00 | CHF | 129 107.39 | 19.3.2021 | 543.38 | 0.00 |
| EUR | 120 000.00 | CHF | 129 145.54 | 4.2.2021 | 543.22 | 0.00 |
| CHF | 130 152.15 | DKK | 900 000.00 | 19.3.2021 | -565.39 | 0.00 |
| CHF | 74 321.52 | SEK | 700 000.00 | 4.2.2021 | -424.56 | 0.00 |
| SGD | 120 000.00 | CHF | 80 201.09 | 19.3.2021 | 130.09 | 0.00 |
| SGD | 120 000.00 | CHF | 80 298.28 | 4.2.2021 | 132.28 | 0.00 |
| CHF | 74 260.88 | SEK | 700 000.00 | 19.3.2021 | -427.88 | 0.00 |
| CHF | 130 202.44 | DKK | 900 000.00 | 4.2.2021 | -572.61 | 0.00 |
| CHF | 2 615 210.26 | USD | 2 940 000.00 | 4.2.2021 | 65.59 | 0.00 |
| CHF | 2 612 013.60 | USD | 2 940 000.00 | 19.3.2021 | 61.97 | 0.00 |
| INR | 127 890 000.00 | USD | 1 734 430.94 | 26.3.2021 | 6 908.52 | 0.00 |
| IDR | 25 174 140 000.00 | USD | 1 778 085.89 | 26.3.2021 | 7 864.08 | 0.00 |
| USD | 1 803 745.05 | TWD | 50 090 000.00 | 26.3.2021 | 3 592.87 | 0.00 |
| RUB | 80 640 000.00 | USD | 1 086 009.41 | 26.3.2021 | -20 969.16 | -0.01 |
| CHF | 40 215.63 | HKD | 350 000.00 | 4.2.2021 | 64.51 | 0.00 |
| CHF | 40 169.37 | HKD | 350 000.00 | 19.3.2021 | 64.60 | 0.00 |
| CHF | 17 147.92 | HKD | 150 000.00 | 19.3.2021 | -39.84 | 0.00 |
| CHF | 17 167.80 | HKD | 150 000.00 | 4.2.2021 | -39.82 | 0.00 |
| CHF | 15 967.86 | SEK | 150 000.00 | 4.2.2021 | -49.16 | 0.00 |
| CHF | 15 955.39 | SEK | 150 000.00 | 19.3.2021 | -49.34 | 0.00 |
| Total des Contrats de change à terme | 274 251.81 | 0.11 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 8 632 751.83 | 3.45 |
| Autres actifs et passifs | 168 844.36 | 0.07 |
| Total de l’Actif net | 249 877 211.71 | 100.00 |

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