# UBS (Lux) Strategy Fund – Yield (USD)
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 31.1.2021 | 31.1.2020 | 31.1.2019 |
| Net assets in USD |  | 788 409 357.98 | 829 122 119.51 | 864 088 724.89 |
| Class K-1-acc | LU0939686977 |  |  |  |
| Units outstanding |  | 14.3000 | 12.8000 | 14.5000 |
| Net asset value per unit in USD |  | 7 077 477.35 | 6 619 573.49 | 6 083 112.37 |
| Issue and redemption price per unit in USD 1 |  | 7 077 477.35 | 6 619 573.49 | 6 083 112.37 |
| Class (JPY hedged) K-1-acc | LU1610875996 |  |  |  |
| Units outstanding |  | 2.6000 | 5.5000 | 5.4000 |
| Net asset value per unit in JPY |  | 555 143 030 | 525 432 859 | 495 722 416 |
| Issue and redemption price per unit in JPY 1 |  | 555 143 030 | 525 432 859 | 495 722 416 |
| Class P-4%-mdist | LU1417001382 |  |  |  |
| Units outstanding |  | 122 021.8790 | 128 468.6250 | 137 929.6570 |
| Net asset value per unit in USD |  | 1 056.80 | 1 033.86 | 994.17 |
| Issue and redemption price per unit in USD 1 |  | 1 056.80 | 1 033.86 | 994.17 |
| Class (EUR hedged) P-4%-mdist 2 | LU1751696797 |  |  |  |
| Units outstanding |  | - | 9 247.1990 | 5 701.6060 |
| Net asset value per unit in EUR |  | - | 923.91 | 914.29 |
| Issue and redemption price per unit in EUR 1 |  | - | 923.91 | 914.29 |
| Class P-acc | LU0033043885 |  |  |  |
| Units outstanding |  | 108 728.1010 | 124 233.9180 | 145 823.3760 |
| Net asset value per unit in USD |  | 3 798.32 | 3 571.69 | 3 300.01 |
| Issue and redemption price per unit in USD 1 |  | 3 798.32 | 3 571.69 | 3 300.01 |
| Class (GBP hedged) P-acc | LU1634239799 |  |  |  |
| Units outstanding |  | 15 885.5130 | 15 649.5890 | 15 585.0890 |
| Net asset value per unit in GBP |  | 1 104.64 | 1 055.22 | 991.58 |
| Issue and redemption price per unit in GBP 1 |  | 1 104.64 | 1 055.22 | 991.58 |
| Class (JPY hedged) P-acc | LU1410364910 |  |  |  |
| Units outstanding |  | 131 442.4200 | 206 923.4460 | 210 111.5350 |
| Net asset value per unit in JPY |  | 11 566 | 11 019 | 10 452 |
| Issue and redemption price per unit in JPY 1 |  | 11 566 | 11 019 | 10 452 |
| Class P-dist | LU0033041590 |  |  |  |
| Units outstanding |  | 29 175.3590 | 30 278.8170 | 33 625.7960 |
| Net asset value per unit in USD |  | 1 679.05 | 1 602.84 | 1 501.53 |
| Issue and redemption price per unit in USD 1 |  | 1 679.05 | 1 602.84 | 1 501.53 |
| Class Q-4%-mdist | LU1891428622 |  |  |  |
| Units outstanding |  | 93 312.2020 | 20 408.0330 | 1 132.1670 |
| Net asset value per unit in USD |  | 108.67 | 105.64 | 100.93 |
| Issue and redemption price per unit in USD 1 |  | 108.67 | 105.64 | 100.93 |
| Class Q-acc | LU0941351925 |  |  |  |
| Units outstanding |  | 190 639.0920 | 249 671.1020 | 236 009.2460 |
| Net asset value per unit in USD |  | 139.65 | 130.55 | 119.91 |
| Issue and redemption price per unit in USD 1 |  | 139.65 | 130.55 | 119.91 |
| Class Q-dist | LU1240800539 |  |  |  |
| Units outstanding |  | 59 668.6900 | 49 065.6990 | 70 244.0170 |
| Net asset value per unit in USD |  | 119.18 | 114.73 | 107.46 |
| Issue and redemption price per unit in USD 1 |  | 119.18 | 114.73 | 107.46 |
| 1  See note 1 2  The unit class (EUR hedged) P-4%-mdist was in circulation until 18.12.2020 |  |  |  |  |
| Performance |  |  |  |  |
|  | Currency | 2020/2021 | 2019/2020 | 2018/2019 |
| Class K-1-acc | USD | 6.9% | 8.8% | -2.1% |
| Class (JPY hedged) K-1-acc | JPY | 5.7% | 6.0% | -4.5% |
| Class P-4%-mdist | USD | 6.3% | 8.2% | -2.6% |
| Class (EUR hedged) P-4%-mdist 1 | EUR | - | 5.2% | - |
| Class P-acc | USD | 6.3% | 8.2% | -2.6% |
| Class (GBP hedged) P-acc | GBP | 4.7% | 6.4% | -4.3% |
| Class (JPY hedged) P-acc | JPY | 5.0% | 5.4% | -5.0% |
| Class P-dist | USD | 6.3% | 8.2% | -2.6% |
| Class Q-4%-mdist | USD | 7.0% | 8.9% | - |
| Class Q-acc | USD | 7.0% | 8.9% | -2.0% |
| Class Q-dist | USD | 7.0% | 8.9% | -2.0% |

1 
The unit class (EUR hedged) P-4%-mdist was in circulation until 18.12.2020. Due to this fact, there is no data for the calculation of the performance available. Historical performance is no indicator of current or future performance.
The performance data does not take account of any commissions and costs charged when subscribing and redeeming units. The performance data were not audited.
The subfund has no benchmark.
UBS (Lux) Strategy Fund – Yield (USD)
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 defensive 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	95.80
Total	97.83
EUR	2.03
Classification by Instrument as a % of net assets	
Investment funds, open end	81.37
Notes, fixed rate	6.92
Treasury notes, floating rate	3.92
Medium term notes, fixed rate	2.41
Bonds, fixed rate	1.58
Treasury notes, fixed rate	1.57
Medium term notes, zero coupon	0.06
Total	97.83
UBS (Lux) Strategy Fund – Yield (USD) Annual report and audited financial statements as of 31 January 2021

## Statement of Net Assets
Assets	31.1.2021
USD
Investments in securities, cost	651 055 056.39
| Investments in securities, unrealized appreciation (depreciation) | 	120 237 414.08	 |
| --- | --- |
| Total investments in securities (Note 1) | 771 292 470.47 |
| Cash at banks, deposits on demand and deposit accounts | 7 574 680.98 |
| Other liquid assets (Margins) | 11 534 140.82 |
| Receivable on subscriptions | 73 773.71 |
| Interest receivable on securities | 711 853.53 |
| Interest receivable on liquid assets | 1 491.10 |
| Other receivables | 2 060.60 |
| Unrealized gain on forward foreign exchange contracts (Note 1) | 91 184.33 |
| Total Assets | 791 281 655.54 |
|  |  |
| Liabilities |  |
| Unrealized loss on financial futures (Note 1) | -1 545 020.93 |
| Bank overdraft | -578.50 |
| Interest payable on bank overdraft | -551.20 |
| Payable on redemptions | -834 333.10 |
| Provisions for flat fee (Note 2) | -406 104.31 |
| Provisions for taxe d’abonnement (Note 3) | -8 002.47 |
| Provisions for other commissions and fees (Note 2) | 	-77 707.05	 |
| Total provisions | -491 813.83 |
| Total Liabilities | -2 872 297.56 |
|  |  |
| Net assets at the end of the financial year | 788 409 357.98 |
| Statement of Operations | USD |
| Income | 1.2.2020-31.1.2021 |
| Interest on liquid assets | 23 922.26 |
| Interest on securities | 2 814 556.99 |
| Dividends | 1 347 705.68 |
| Interest received on swaps (Note 1) | 83 020.28 |
| Income on securities lending (Note 15) | 80 318.23 |
| Other income (Note 4) | 172 577.65 |
| Total income | 4 522 101.09 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -13 112.47 |
| Flat fee (Note 2) | -10 032 906.17 |
| Taxe d’abonnement (Note 3) | -93 725.16 |
| Cost on securities lending (Note 15) | -32 127.29 |
| Other commissions and fees (Note 2) | -97 755.88 |
| Interest on cash and bank overdraft | -59 259.10 |
| Total expenses | -10 328 886.07 |
|  |  |
| Net income (loss) on investments | -5 806 784.98 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 37 837 396.71 |
| Realized gain (loss) on options | 4 255 278.53 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | 97 857.09 |
| Realized gain (loss) on financial futures | -14 881 397.46 |
| Realized gain (loss) on forward foreign exchange contracts | -3 901 858.84 |
| Realized gain (loss) on swaps | 215 902.81 |
| Realized gain (loss) on foreign exchange | 2 853 187.32 |
| Total realized gain (loss) | 26 476 366.16 |
|  |  |
| Net realized gain (loss) of the financial year | 20 669 581.18 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 25 854 150.23 |
| Unrealized appreciation (depreciation) on options | -67 006.67 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | -36 988.45 |
| Unrealized appreciation (depreciation) on financial futures | 613 514.14 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -1 722 174.36 |
| Total changes in unrealized appreciation (depreciation) | 24 641 494.89 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 45 311 076.07 |

UBS (Lux) Strategy Fund – Yield (USD)
Annual report and audited financial statements as of 31 January 2021
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.2.2020-31.1.2021 |
| Net assets at the beginning of the financial year | 829 122 119.51 |
| Subscriptions | 71 288 379.66 |
| Redemptions | 	-151 515 332.96	 |
| Total net subscriptions (redemptions) | -80 226 953.30 |
| Dividend paid | -5 796 884.30 |
| Net income (loss) on investments | -5 806 784.98 |
| Total realized gain (loss) | 26 476 366.16 |
| Total changes in unrealized appreciation (depreciation) | 	24 641 494.89	 |
| Net increase (decrease) in net assets as a result of operations | 45 311 076.07 |
| Net assets at the end of the financial year | 788 409 357.98 |
| Development of the outstanding units |  |
|  | 1.2.2020-31.1.2021 |
| Class | K-1-acc |
| Number of units outstanding at the beginning of the financial year | 12.8000 |
| Number of units issued | 2.4000 |
| Number of units redeemed | -0.9000 |
| Number of units outstanding at the end of the financial year | 14.3000 |
| Class | (JPY hedged) K-1-acc |
| Number of units outstanding at the beginning of the financial year | 5.5000 |
| Number of units issued | 0.0000 |
| Number of units redeemed | -2.9000 |
| Number of units outstanding at the end of the financial year | 2.6000 |
| Class | P-4%-mdist |
| Number of units outstanding at the beginning of the financial year | 128 468.6250 |
| Number of units issued | 15 058.5740 |
| Number of units redeemed | -21 505.3200 |
| Number of units outstanding at the end of the financial year | 122 021.8790 |
| Class | (EUR hedged) P-4%-mdist |
| Number of units outstanding at the beginning of the financial year | 9 247.1990 |
| Number of units issued | 670.9240 |
| Number of units redeemed | -9 918.1230 |
| Number of units outstanding at the end of the financial year | 0.0000 |
| Class | P-acc |
| Number of units outstanding at the beginning of the financial year | 124 233.9180 |
| Number of units issued | 4 627.8460 |
| Number of units redeemed | -20 133.6630 |
| Number of units outstanding at the end of the financial year | 108 728.1010 |
| Class | (GBP hedged) P-acc |
| Number of units outstanding at the beginning of the financial year | 15 649.5890 |
| Number of units issued | 607.9240 |
| Number of units redeemed | -372.0000 |
| Number of units outstanding at the end of the financial year | 15 885.5130 |
| Class | (JPY hedged) P-acc |
| Number of units outstanding at the beginning of the financial year | 206 923.4460 |
| Number of units issued | 0.0000 |
| Number of units redeemed | -75 481.0260 |
| Number of units outstanding at the end of the financial year | 131 442.4200 |
| Class | P-dist |
| Number of units outstanding at the beginning of the financial year | 30 278.8170 |
| Number of units issued | 3 830.2350 |
| Number of units redeemed | -4 933.6930 |
| Number of units outstanding at the end of the financial year | 29 175.3590 |
| Class | Q-4%-mdist |
| Number of units outstanding at the beginning of the financial year | 20 408.0330 |
| Number of units issued | 80 580.0480 |
| Number of units redeemed | -7 675.8790 |
| Number of units outstanding at the end of the financial year | 93 312.2020 |
| Class | Q-acc |
| Number of units outstanding at the beginning of the financial year | 249 671.1020 |
| Number of units issued | 61 167.0770 |
| Number of units redeemed | -120 199.0870 |
| Number of units outstanding at the end of the financial year | 190 639.0920 |
| Class | Q-dist |
| Number of units outstanding at the beginning of the financial year | 49 065.6990 |
| Number of units issued | 11 936.0250 |
| Number of units redeemed | -1 333.0340 |
| Number of units outstanding at the end of the financial year | 59 668.6900 |

UBS (Lux) Strategy Fund – Yield (USD) Annual report and audited financial statements as of 31 January 2021
| Annual Distribution 1 |  |
| --- | --- |
| UBS (Lux) Strategy Fund – Yield (USD) | Ex-Date | Pay-Date | Currency | Amount per unit |
| P-dist | 1.4.2020 | 6.4.2020 | USD | 20.78 |
| Q-dist | 1.4.2020 | 6.4.2020 | USD | 2.88 |
| Monthly Distribution 1 |  |  |  |  |
| UBS (Lux) Strategy Fund – Yield (USD) | Ex-Date | Pay-Date | Currency | Amount per unit |
| P-4%-mdist | 10.2.2020 | 13.2.2020 | USD | 3.44 |
| P-4%-mdist | 10.3.2020 | 13.3.2020 | USD | 3.33 |
| P-4%-mdist | 14.4.2020 | 17.4.2020 | USD | 3.00 |
| P-4%-mdist | 11.5.2020 | 14.5.2020 | USD | 3.16 |
| P-4%-mdist | 10.6.2020 | 15.6.2020 | USD | 3.24 |
| P-4%-mdist | 10.7.2020 | 15.7.2020 | USD | 3.29 |
| P-4%-mdist | 10.8.2020 | 13.8.2020 | USD | 3.37 |
| P-4%-mdist | 10.9.2020 | 15.9.2020 | USD | 3.42 |
| P-4%-mdist | 12.10.2020 | 15.10.2020 | USD | 3.36 |
| P-4%-mdist | 10.11.2020 | 13.11.2020 | USD | 3.31 |
| P-4%-mdist | 10.12.2020 | 15.12.2020 | USD | 3.48 |
| P-4%-mdist | 11.1.2021 | 14.1.2021 | USD | 3.54 |
| (EUR hedged) P-4%-mdist | 10.2.2020 | 13.2.2020 | EUR | 3.07 |
| (EUR hedged) P-4%-mdist | 10.3.2020 | 13.3.2020 | EUR | 2.97 |
| (EUR hedged) P-4%-mdist | 14.4.2020 | 17.4.2020 | EUR | 2.66 |
| (EUR hedged) P-4%-mdist | 11.5.2020 | 14.5.2020 | EUR | 2.80 |
| (EUR hedged) P-4%-mdist | 10.6.2020 | 15.6.2020 | EUR | 2.87 |
| (EUR hedged) P-4%-mdist | 10.7.2020 | 15.7.2020 | EUR | 2.91 |
| (EUR hedged) P-4%-mdist | 10.8.2020 | 13.8.2020 | EUR | 2.97 |
| (EUR hedged) P-4%-mdist | 10.9.2020 | 15.9.2020 | EUR | 3.01 |
| (EUR hedged) P-4%-mdist | 12.10.2020 | 15.10.2020 | EUR | 2.96 |
| (EUR hedged) P-4%-mdist | 10.11.2020 | 13.11.2020 | EUR | 2.91 |
| (EUR hedged) P-4%-mdist | 10.12.2020 | 15.12.2020 | EUR | 3.06 |
| Q-4%-mdist | 10.2.2020 | 13.2.2020 | USD | 0.35 |
| Q-4%-mdist | 10.3.2020 | 13.3.2020 | USD | 0.34 |
| Q-4%-mdist | 14.4.2020 | 17.4.2020 | USD | 0.30 |
| Q-4%-mdist | 11.5.2020 | 14.5.2020 | USD | 0.32 |
| Q-4%-mdist | 10.6.2020 | 15.6.2020 | USD | 0.33 |
| Q-4%-mdist | 10.7.2020 | 15.7.2020 | USD | 0.33 |
| Q-4%-mdist | 10.8.2020 | 13.8.2020 | USD | 0.34 |
| Q-4%-mdist | 10.9.2020 | 15.9.2020 | USD | 0.35 |
| Q-4%-mdist | 12.10.2020 | 15.10.2020 | USD | 0.34 |
| Q-4%-mdist | 10.11.2020 | 13.11.2020 | USD | 0.34 |
| Q-4%-mdist | 10.12.2020 | 15.12.2020 | USD | 0.35 |
| Q-4%-mdist | 11.1.2021 | 14.1.2021 | USD | 0.36 |
| 1  See note 5 |  |  |  |  |

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

## Statement of Investments in Securities and other Net Assets as of 31 January 2021
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ALBERTA, PROVINCE OF 3.30000% 18-15.03.28 | 1 670 000.00 | 1 913 024.79 | 0.24 |
| USD	ALPHABET INC 1.99800% 16-15.08.26 | 1 215 000.00 | 1 292 859.79 | 0.16 |
| USD	APPLE INC 1.65000% 20-11.05.30 | 400 000.00 | 404 381.28 | 0.05 |
| USD	APPLE INC 2.20000% 19-11.09.29 | 750 000.00 | 793 199.30 | 0.10 |
| USD	APPLE INC 2.45000% 16-04.08.26 | 650 000.00 | 704 027.68 | 0.09 |
| USD	APPLE INC 2.90000% 17-12.09.27 | 1 875 000.00 | 2 087 879.89 | 0.26 |
| USD	APPLE INC 3.20000% 17-11.05.27 | 1 730 000.00 | 1 949 448.30 | 0.25 |
| USD	APPLE INC 3.25000% 16-23.02.26 | 1 525 000.00 | 1 701 688.03 | 0.22 |
| USD	BERKSHIRE HATHAWAY FINANCE CORP 1.85000% 20-12.03.30 | 600 000.00 | 620 232.50 | 0.08 |
| USD	BERKSHIRE HATHAWAY INC 3.12500% 16-15.03.26 | 900 000.00 | 999 064.04 | 0.13 |
| USD	CHEVRON CORP 2.23600% 20-11.05.30 | 1 428 000.00 | 1 492 880.88 | 0.19 |
| USD	CORPORACION ANDINA DE FOMENTO 4.37500% 12-15.06.22 | 725 000.00 | 761 801.00 | 0.10 |
| USD	EQUINOR ASA 2.37500% 20-22.05.30 | 350 000.00 | 368 622.51 | 0.05 |
| USD	EQUINOR ASA 3.62500% 18-10.09.28 | 800 000.00 | 916 934.43 | 0.12 |
| USD	EUROPEAN INVESTMENT BANK 2.37500% 17-24.05.27 | 1 100 000.00 | 1 211 320.00 | 0.15 |
| USD	EUROPEAN INVESTMENT BANK 0.87500% 20-17.05.30 | 2 342 000.00 | 2 279 218.38 | 0.29 |
| USD	EXPORT-IMPORT BANK OF KOREA 2.50000% 15-10.05.21 | 1 000 000.00 | 1 004 687.50 | 0.13 |
| USD	EXXON MOBIL CORP 3.04300% 16-01.03.26 | 650 000.00 | 713 921.05 | 0.09 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.25000% 19-18.06.29 | 2 600 000.00 | 2 847 670.96 | 0.36 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.00000% 19-23.07.26 | 1 175 000.00 | 1 259 058.64 | 0.16 |
| USD	JOHNSON & JOHNSON 1.30000% 20-01.09.30 | 500 000.00 | 493 217.61 | 0.06 |
| USD	JOHNSON & JOHNSON 2.45000% 16-01.03.26 | 1 350 000.00 | 1 463 146.20 | 0.19 |
| USD	JOHNSON & JOHNSON 2.90000% 17-15.01.28 | 1 000 000.00 | 1 114 821.98 | 0.14 |
| USD	KOREA EAST-WEST POWER CO LTD-REG-S 3.87500% 18-19.07.23 | 400 000.00 | 432 625.00 | 0.05 |
| USD	KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 3.12500% 17-25.07.27 | 1 200 000.00 | 1 346 250.00 | 0.17 |
| USD	KOREA RESOURCES CORP-REG-S 3.00000% 17-24.04.22 | 1 200 000.00 | 1 233 750.00 | 0.16 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.87500% 18-03.04.28 | 2 100 000.00 | 2 390 538.61 | 0.30 |
| USD	KUWAIT INTERNATIONAL GOVT BOND-REG-S 3.50000% 17-20.03.27 | 2 800 000.00 | 3 162 250.00 | 0.40 |
| USD	LANDWIRTSCHAFTLICHE RENTENBANK 0.87500% 20-03.09.30 | 650 000.00 | 629 926.50 | 0.08 |
| USD	MICROSOFT CORP 3.30000% 17-06.02.27 | 1 100 000.00 | 1 249 677.10 | 0.16 |
| USD	NOVARTIS CAPITAL CORP 3.10000% 17-17.05.27 | 1 270 000.00 | 1 426 004.54 | 0.18 |
| USD	QATAR, STATE OF-REG-S 3.37500% 19-14.03.24 | 1 200 000.00 | 1 295 250.00 | 0.16 |
| USD	QATAR, STATE OF-REG-S 4.00000% 19-14.03.29 | 1 000 000.00 | 1 172 500.00 | 0.15 |
| USD	ROCHE HOLDINGS INC-REG-S 3.62500% 18-17.09.28 | 2 300 000.00 | 2 683 581.47 | 0.34 |
| USD	SHELL INTERNATIONAL FINANCE BV 2.87500% 16-10.05.26 | 900 000.00 | 985 707.12 | 0.12 |
| USD	STATE STREET CORP 2.40000% 20-24.01.30 | 448 000.00 | 481 448.11 | 0.06 |
| USD	TOTAL CAPITAL INTERNATIONAL SA 3.45500% 19-19.02.29 | 1 250 000.00 | 1 416 544.57 | 0.18 |
| USD	VISA INC 2.05000% 20-15.04.30 | 500 000.00 | 522 663.48 | 0.07 |
| USD	VISA INC 3.15000% 15-14.12.25 | 500 000.00 | 556 570.08 | 0.07 |
| USD	WALMART INC 3.05000% 19-08.07.26 | 925 000.00 | 1 034 691.21 | 0.13 |
| USD	WALMART INC 3.70000% 18-26.06.28 | 1 300 000.00 | 1 514 062.34 | 0.19 |
| USD	WESTPAC BANKING CORP 2.85000% 16-13.05.26 | 1 200 000.00 | 1 320 576.00 | 0.17 |
| Total USD |  | 53 247 722.87 | 6.75 |
| Total Notes, fixed rate |  | 53 247 722.87 | 6.75 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ABU DHABI, EMIRATE OF-REG-S 3.12500% 20-16.04.30 | 1 950 000.00 | 2 174 250.00 | 0.28 |
| USD	ASB FINANCE LTD-REG-S 2.12500% 16-01.09.21 | 600 000.00 | 606 209.28 | 0.08 |
| USD	ASIAN DEVELOPMENT BANK 2.62500% 17-12.01.27 | 1 300 000.00 | 1 443 572.00 | 0.18 |
| USD	ASIAN DEVELOPMENT BANK 2.75000% 18-19.01.28 | 1 400 000.00 | 1 575 591.78 | 0.20 |
| USD	ASIAN DEVELOPMENT BANK 1.75000% 19-19.09.29 | 2 000 000.00 | 2 101 643.72 | 0.27 |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 3.15000% 17-19.09.27 | 1 300 000.00 | 1 457 443.00 | 0.18 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 17-22.11.27 | 900 000.00 | 996 570.00 | 0.13 |
| USD	KOREA DEVELOPMENT BANK 1.75000% 20-18.02.25 | 375 000.00 | 390 162.07 | 0.05 |
| USD	MDGH - GMTN BV-REG-S 2.87500% 20-21.05.30 | 1 500 000.00 | 1 599 843.75 | 0.20 |
| USD	QUEBEC, PROVINCE OF 7.50000% 99-15.09.29 | 1 000 000.00 | 1 489 181.29 | 0.19 |
| USD	SP POWERASSETS LTD-REG-S 3.25000% 15-24.11.25 | 1 550 000.00 | 1 719 306.50 | 0.22 |
| USD	SUMITOMO MITSUI BANKING CORP-REG-S 2.44000% 19-18.06.24 | 688 000.00 | 730 178.18 | 0.09 |
| USD	TORONTO-DOMINION BANK 0.75000% 20-11.09.25 | 800 000.00 | 798 762.66 | 0.10 |
| USD	TOYOTA MOTOR CREDIT CORP 2.60000% 17-11.01.22 | 1 250 000.00 | 1 276 553.83 | 0.16 |
| Total USD |  | 18 359 268.06 | 2.33 |
| Total Medium term notes, fixed rate |  | 18 359 268.06 | 2.33 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BNG BANK NV-REG-S 2.37500% 16-16.03.26 | 1 150 000.00 | 1 251 085.00 | 0.16 |
| USD	BRITISH COLUMBIA, PROVINCE OF 2.25000% 16-02.06.26 | 800 000.00 | 866 150.49 | 0.11 |
| USD	EUROPEAN INVESTMENT BANK 0.62500% 20-21.10.27 | 450 000.00 | 444 687.33 | 0.06 |
| USD	ING BANK NV-REG-S 2.62500% 12-05.12.22 | 1 650 000.00 | 1 720 755.30 | 0.22 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 3.00000% 14-21.02.24 | 975 000.00 | 1 055 461.51 | 0.13 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.87500% 20-14.05.30 | 1 700 000.00 | 1 654 072.37 | 0.21 |
| USD	KOREA, REPUBLIC OF 3.87500% 13-11.09.23 | 600 000.00 | 653 812.50 | 0.08 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.50000% 14-20.11.24 | 275 000.00 | 297 392.16 | 0.04 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 0.75000% 20-30.09.30 | 1 100 000.00 | 1 057 370.74 | 0.13 |
| USD	MICROSOFT CORP 2.40000% 16-08.08.26 | 1 025 000.00 | 1 111 149.03 | 0.14 |
| USD	NOVARTIS CAPITAL CORP 3.40000% 14-06.05.24 | 800 000.00 | 877 110.10 | 0.11 |
| USD	ONTARIO, PROVINCE OF 1.12500% 20-07.10.30 | 1 500 000.00 | 1 462 195.13 | 0.19 |
| Total USD |  | 12 451 241.66 | 1.58 |
| Total Bonds, fixed rate |  | 12 451 241.66 | 1.58 |

UBS (Lux) Strategy Fund – Yield (USD) Annual report and audited financial statements as of 31 January 2021
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 1 080 000.00 | 1 528 579.69 | 0.19 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 1 320 000.00 | 1 452 773.44 | 0.18 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.11.27 | 1 320 000.00 | 1 453 237.50 | 0.18 |
| USD	AMERICA, UNITED STATES OF 2.87500% 18-31.05.25 | 135 000.00 | 149 723.43 | 0.02 |
| USD	AMERICA, UNITED STATES OF 2.62500% 19-15.02.29 | 1 653 000.00 | 1 876 219.56 | 0.24 |
| USD	AMERICA, UNITED STATES OF 2.75000% 14-15.02.24 | 280 000.00 | 301 798.43 | 0.04 |
| USD	AMERICA, UNITED STATES OF 1.50000% 15-31.01.22 | 301 000.00 | 305 209.30 | 0.04 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 380 000.00 | 381 959.37 | 0.05 |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 300 000.00 | 306 351.56 | 0.04 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 145 000.00 | 149 712.50 | 0.02 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.02.27 | 1 000.00 | 1 097.77 | 0.00 |
| USD	AMERICA, UNITED STATES OF 2.50000% 13-15.08.23 | 1 001 000.00 | 1 060 747.18 | 0.14 |
| USD	AMERICA, UNITED STATES OF 2.37500% 17-15.05.27 | 410 000.00 | 454 042.97 | 0.06 |
| USD	AMERICA, UNITED STATES OF 2.12500% 15-15.05.25 | 870 000.00 | 936 303.52 | 0.12 |
| USD	AMERICA, UNITED STATES OF 1.75000% 19-15.11.29 | 575 000.00 | 613 453.13 | 0.08 |
| USD	AMERICA, UNITED STATES OF 1.50000% 19-30.11.24 | 100 000.00 | 104 636.72 | 0.01 |
| USD	AMERICA, UNITED STATES OF 0.62500% 20-15.05.30 | 1 100 000.00 | 1 059 953.12 | 0.13 |
| USD	AMERICA, UNITED STATES OF 0.25000% 20-31.07.25 | 230 000.00 | 228 823.04 | 0.03 |
| Total USD |  | 12 364 622.23 | 1.57 |
| Total Treasury notes, fixed rate |  | 12 364 622.23 | 1.57 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 2 720 000.00 | 3 188 353.62 | 0.40 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 20-15.01.30 | 3 200 000.00 | 3 623 772.50 | 0.46 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 2 690 000.00 | 3 204 237.59 | 0.41 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 3 310 000.00 | 4 022 078.23 | 0.51 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 2 675 000.00 | 3 242 194.71 | 0.41 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 2 620 000.00 | 3 226 802.21 | 0.41 |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 2 800 000.00 | 3 402 767.96 | 0.43 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 2 500 000.00 | 4 061 117.93 | 0.52 |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 1 280 000.00 | 2 931 343.84 | 0.37 |
| Total USD |  | 30 902 668.59 | 3.92 |
| Total Treasury notes, floating rate |  | 30 902 668.59 | 3.92 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 127 325 523.41 | 16.15 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	NESTLE HOLDINGS INC-144A 3.62500% 18-24.09.28 | 800 000.00 | 929 845.16 | 0.12 |
| USD	SCENTRE GROUP TRUST 1 / 2-REG-S 3.75000% 17-23.03.27 | 400 000.00 | 440 218.15 | 0.05 |
| Total USD |  | 1 370 063.31 | 0.17 |
| Total Notes, fixed rate |  | 1 370 063.31 | 0.17 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	GUARDIAN LIFE GLOBAL FUNDING-REG-S 2.00000% 16-26.04.21 | 600 000.00 | 602 542.64 | 0.08 |
| Total USD |  | 602 542.64 | 0.08 |
| Total Medium term notes, fixed rate |  | 602 542.64 | 0.08 |
| Medium term notes, zero coupon |  |  |  |
| USD |  |  |  |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.00000% 00-01.05.30 | 540 000.00 | 464 972.62 | 0.06 |
| Total USD |  | 464 972.62 | 0.06 |
| Total Medium term notes, zero coupon | 464 972.62 | 0.06 |
| Total Transferable securities and money market instruments traded on another regulated market | 2 437 578.57 | 0.31 |
| 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	4 757 672.00 | 34 654 882.85 | 4.40 |
| USD	ISHRS III PLC-MSCI WORLD SML CAP UCITS ETF-UNHDG USD-ACC	2 600 000.00 | 17 144 400.00 | 2.17 |
| Total Ireland | 51 799 282.85 | 6.57 |
| Luxembourg |  |  |
| EUR	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC	94 673.00 | 15 970 280.92 | 2.03 |
| USD	UBS (LUX) BOND SICAV - SHORT TERM USD CORPORATES (USD) U-X-A	5 030.00 | 57 357 693.60 | 7.27 |
| USD	UBS (LUX) BOND SICAV - USD CORPORATES U-X-ACC	2 876.00 | 37 679 741.44 | 4.78 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC	1 121.00 | 23 818 783.80 | 3.02 |
| USD	UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS	299 168.00 | 33 446 982.40 | 4.24 |
| USD	UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC	10 347.00 | 127 294 174.44 | 16.15 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD)-U-X ACC	3 716.00 | 54 117 668.72 | 6.86 |
| USD	UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC	3 373.00 | 45 538 569.43 | 5.78 |
| USD	UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC	767.00 | 31 152 157.53 | 3.95 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL QUANTITATIVE (USD) U-X-ACC	2 724.75 | 47 043 539.85 | 5.97 |

UBS (Lux) Strategy Fund – Yield (USD)
Annual report and audited financial statements as of 31 January 2021
|  | Description | Quantity/ Nominal | Valuation in USD Unrealized gain (loss) on Futures/ Forward Exchange Contracts/ Swaps (Note 1) | as a % of net assets |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| USD | UBS (LUX) EQUITY SICAV - GLOBAL OPPORTUNITY (USD) U-X-ACC | 4 254.00 | 47 197 236.66 | 5.99 |
| USD | UBS (LUX) INSTITUTIONAL FUND - KEY SEL. GLOBAL EQUITY FA-USD | 1 687.61 | 51 164 716.85 | 6.49 |
| USD | UBS (LUX) INSTITUTIONAL SICAV - EQUITIES GLB (EX USA) PASSIVE XA | 159 295.00 | 17 935 024.05 | 2.27 |
| USD | UBS (LUX) MONEY MARKET FUND - USD U-X-ACC | 1.00 | 11 219.78 | 0.00 |
| Total Luxembourg |  | 589 727 789.47 | 74.80 |
| Total Investment funds, open end |  | 641 527 072.32 | 81.37 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  | 641 527 072.32 | 81.37 |
| 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 | -378.00 | -176 345.16 | -0.02 |
| EUR	EURO STOXX 50 INDEX CALL 4000.00000 19.03.21 | -378.00 | -2 296.16 | 0.00 |
| EUR	EURO STOXX 50 INDEX CALL 3650.00000 19.03.21 | 378.00 | 180 937.49 | 0.02 |
| Total EUR |  | 2 296.17 | 0.00 |
| Total Options on indices, classic-styled |  | 2 296.17 | 0.00 |
| Total Derivative instruments listed on an official stock exchange |  | 2 296.17 | 0.00 |
| Total investments in securities |  | 771 292 470.47 | 97.83 |
| Derivative instruments |  |  |  |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Financial Futures on bonds |  |  |  |
|  |  |  |  |
| USD	US LONG BOND FUTURE 22.03.21 | 91.00 | -526 093.75 | -0.07 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.21 | -256.00 | 2 000.13 | 0.00 |
| Total Financial Futures on bonds |  | -524 093.62 | -0.07 |
| Financial Futures on Indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.03.21 | 402.00 | -337 845.47 | -0.04 |
| CHF	SWISS MARKET INDEX FUTURE 19.03.21 | 69.00 | 158 228.42 | 0.02 |
| GBP	FTSE 100 INDEX FUTURE 19.03.21 | 163.00 | -378 268.54 | -0.05 |
| SEK	OMX 30 INDEX FUTURE 19.02.21 | -110.00 | 17 614.68 | 0.00 |
| USD	S&P500 EMINI FUTURE 19.03.21 | -171.00 | 135 482.50 | 0.02 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 19.03.21 | 175.00 | -93 170.00 | -0.01 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 11.03.21 | -66.00 | -743 875.06 | -0.10 |
| AUD	SPI 200 INDEX FUTURES 18.03.21 | -41.00 | 49 545.17 | 0.01 |
| CAD	S&P/TSX 60 INDEX FUTURE 18.03.21 | -45.00 | 33 958.28 | 0.00 |
| HKD	HANG SENG INDEX FUTURE 25.02.21 | -14.00 | 137 402.71 | 0.02 |
| Total Financial Futures on Indices |  | -1 020 927.31 | -0.13 |
| Total Derivative instruments listed on an official stock exchange |  | -1 545 020.93 | -0.20 |
| Total Derivative instruments |  | -1 545 020.93 | -0.20 |
| Forward Foreign Exchange contracts |  |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| GBP | 1 050 000.00 | USD | 1 386 921.90 | 4.2.2021 | 54 959.10 | 0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 8 742 728.37 | JPY | 910 568 274.00 | 4.2.2021 | 45 136.68 | 0.00 |
| GBP | 7 314 536.14 | USD | 9 683 097.05 | 4.2.2021 | 361 370.26 | 0.05 |
| USD | 25 743 013.23 | EUR | 21 647 974.19 | 4.2.2021 | -559 058.77 | -0.07 |
| USD | 4 821 779.95 | AUD | 6 579 607.67 | 4.2.2021 | -226 522.73 | -0.03 |
| NZD | 10 000.00 | USD | 6 893.54 | 4.2.2021 | 313.46 | 0.00 |
| USD | 64 273.83 | ZAR | 1 000 000.00 | 4.2.2021 | -2 126.46 | 0.00 |
| USD | 4 004 170.91 | HKD | 31 039 500.00 | 4.2.2021 | 1 075.69 | 0.00 |
| USD | 1 506 230.68 | DKK | 9 432 500.00 | 4.2.2021 | -34 620.88 | 0.00 |
| USD | 4 032 652.76 | CHF | 3 662 765.75 | 4.2.2021 | -85 104.59 | -0.01 |
| USD | 3 392 780.47 | CAD | 4 437 024.02 | 4.2.2021 | -80 591.29 | -0.01 |
| SGD | 3 490 000.00 | USD | 2 597 292.42 | 4.2.2021 | 32 472.15 | 0.00 |
| USD | 588 893.05 | NOK | 5 326 462.30 | 4.2.2021 | -33 870.85 | 0.00 |
| USD | 1 031 521.73 | SEK | 8 874 591.98 | 4.2.2021 | -33 823.49 | 0.00 |
| EUR | 440 000.00 | USD | 523 160.00 | 4.2.2021 | 11 435.60 | 0.00 |
| EUR | 430 000.00 | USD | 511 142.72 | 4.2.2021 | 11 302.98 | 0.00 |
| USD | 433 217.17 | JPY | 45 000 000.00 | 4.2.2021 | 3 384.90 | 0.00 |
| GBP | 700 000.00 | USD | 946 425.20 | 4.2.2021 | 14 828.80 | 0.00 |
| JPY | 15 000 000.00 | USD | 144 343.33 | 4.2.2021 | -1 065.91 | 0.00 |
| CHF | 170 000.00 | USD | 191 553.40 | 4.2.2021 | -435.87 | 0.00 |
| EUR | 600 000.00 | USD | 730 715.40 | 4.2.2021 | -1 721.40 | 0.00 |
| GBP | 150 000.00 | USD | 199 701.15 | 4.2.2021 | 6 281.85 | 0.00 |
| CAD | 2 030 000.00 | JPY | 165 387 348.00 | 4.2.2021 | 9 363.93 | 0.00 |
| NOK | 21 000 000.00 | USD | 2 378 961.82 | 4.2.2021 | 76 334.26 | 0.01 |
| AUD | 3 190 000.00 | JPY | 250 122 595.00 | 4.2.2021 | 58 445.63 | 0.01 |
| CAD | 400 000.00 | USD | 313 108.85 | 4.2.2021 | 17.40 | 0.00 |
| USD | 1 112 166.12 | EUR | 915 000.00 | 4.2.2021 | 450.28 | 0.00 |
| JPY | 40 500 000.00 | USD | 389 615.26 | 4.2.2021 | -2 766.22 | 0.00 |
| USD | 9 367 010.64 | GBP | 7 020 000.00 | 4.2.2021 | -272 993.75 | -0.03 |
| HKD | 2 500 000.00 | USD | 322 511.70 | 4.2.2021 | -92.27 | 0.00 |
| USD | 338 864.57 | JPY | 35 000 000.00 | 4.2.2021 | 4 550.58 | 0.00 |
| USD | 51 596.76 | HKD | 400 000.00 | 4.2.2021 | 9.65 | 0.00 |

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

Forward Foreign Exchange contracts (Continued)
Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date
| USD | 51 600.67 | HKD | 400 000.00 | 19.3.2021 | 10.12 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| GBP | 4 526 695.48 | USD | 6 186 195.17 | 19.3.2021 | 31 338.60 | 0.00 |
| USD | 13 191 113.88 | JPY | 1 355 127 746.00 | 19.3.2021 | 241 536.53 | 0.03 |
| USD | 23 069 269.22 | EUR | 18 657 214.80 | 19.3.2021 | 379 887.86 | 0.05 |
| CAD | 883 757.86 | USD | 698 711.19 | 19.3.2021 | -6 823.75 | 0.00 |
| SGD | 2 786 000.00 | USD | 2 116 976.23 | 19.3.2021 | -17 716.25 | 0.00 |
| USD | 2 797 476.80 | CHF | 2 445 819.98 | 19.3.2021 | 44 475.57 | 0.00 |
| USD | 1 617 503.37 | DKK | 9 732 500.00 | 19.3.2021 | 26 402.22 | 0.00 |
| NOK | 15 531 229.30 | USD | 1 847 854.86 | 19.3.2021 | -32 151.58 | 0.00 |
| USD | 1 493 887.58 | AUD | 1 910 706.24 | 19.3.2021 | 27 509.11 | 0.00 |
| USD | 1 046 551.12 | SEK | 8 522 869.50 | 19.3.2021 | 22 963.28 | 0.00 |
| USD | 3 650 053.52 | HKD | 28 295 568.91 | 19.3.2021 | 593.82 | 0.00 |
| GBP | 145 000.00 | USD | 195 513.80 | 19.3.2021 | 3 647.46 | 0.00 |
| GBP | 150 000.00 | USD | 202 204.80 | 4.2.2021 | 3 778.20 | 0.00 |
| USD | 198 505.21 | AUD | 257 500.00 | 4.2.2021 | 934.47 | 0.00 |
| USD | 198 557.74 | AUD | 257 500.00 | 19.3.2021 | 938.43 | 0.00 |
| EUR | 530 000.00 | USD | 643 652.14 | 4.2.2021 | 292.56 | 0.00 |
| GBP | 380 000.00 | USD | 511 587.54 | 19.3.2021 | 10 352.33 | 0.00 |
| GBP | 380 000.00 | USD | 511 462.90 | 4.2.2021 | 10 360.70 | 0.00 |
| EUR | 520 000.00 | USD | 632 104.72 | 19.3.2021 | 276.82 | 0.00 |
| USD | 54 319.63 | SEK | 450 000.00 | 4.2.2021 | 299.64 | 0.00 |
| USD | 54 341.68 | SEK | 450 000.00 | 19.3.2021 | 297.14 | 0.00 |
| USD | 471 490.69 | JPY | 49 000 000.00 | 19.3.2021 | 3 247.54 | 0.00 |
| USD | 471 281.18 | JPY | 49 000 000.00 | 4.2.2021 | 3 241.60 | 0.00 |
| USD | 131 864.35 | SEK | 1 100 000.00 | 4.2.2021 | -184.51 | 0.00 |
| USD | 131 919.97 | SEK | 1 100 000.00 | 19.3.2021 | -188.90 | 0.00 |
| USD | 390 236.03 | DKK | 2 400 000.00 | 4.2.2021 | -1 817.37 | 0.00 |
| USD | 390 563.97 | DKK | 2 400 000.00 | 19.3.2021 | -1 795.93 | 0.00 |
| USD | 532 238.96 | EUR | 440 000.00 | 4.2.2021 | -2 356.64 | 0.00 |
| USD | 532 738.40 | EUR | 440 000.00 | 19.3.2021 | -2 353.68 | 0.00 |
| USD | 536 662.88 | GBP | 395 000.00 | 4.2.2021 | -5 759.02 | 0.00 |
| USD | 536 781.26 | GBP | 395 000.00 | 19.3.2021 | -5 761.50 | 0.00 |
| HKD | 2 700 000.00 | USD | 348 249.01 | 4.2.2021 | -36.02 | 0.00 |
| USD | 414 350.80 | JPY | 43 000 000.00 | 19.3.2021 | 3 443.54 | 0.00 |
| HKD | 2 700 000.00 | USD | 348 280.19 | 19.3.2021 | -44.00 | 0.00 |
| USD | 414 170.41 | JPY | 43 000 000.00 | 4.2.2021 | 3 441.80 | 0.00 |
| USD | 314 060.49 | CAD | 400 000.00 | 4.2.2021 | 934.24 | 0.00 |
| USD | 314 101.18 | CAD | 400 000.00 | 19.3.2021 | 944.16 | 0.00 |
| USD | 270 108.45 | CHF | 240 000.00 | 19.3.2021 | -34.20 | 0.00 |
| USD | 269 777.17 | CHF | 240 000.00 | 4.2.2021 | -35.82 | 0.00 |
| USD | 263 103.80 | NOK | 2 250 000.00 | 4.2.2021 | 36.36 | 0.00 |
| USD | 263 022.57 | NOK | 2 250 000.00 | 19.3.2021 | -17.29 | 0.00 |
| USD | 555 670.80 | EUR | 460 000.00 | 19.3.2021 | -3 743.64 | 0.00 |
| USD | 555 153.76 | EUR | 460 000.00 | 4.2.2021 | -3 741.64 | 0.00 |
| USD | 514 813.36 | GBP | 380 000.00 | 4.2.2021 | -7 010.24 | 0.00 |
| USD | 514 926.98 | GBP | 380 000.00 | 19.3.2021 | -7 012.89 | 0.00 |
| GBP | 17 648 300.00 | USD | 24 022 587.12 | 24.2.2021 | 214 720.92 | 0.03 |
| JPY | 2 983 469 400.00 | USD | 28 698 508.57 | 24.2.2021 | -195 939.51 | -0.02 |
| IDR | 74 863 650 000.00 | USD | 5 287 727.79 | 26.3.2021 | 26 065.12 | 0.00 |
| INR | 380 300 000.00 | USD | 5 157 589.24 | 26.3.2021 | 22 974.36 | 0.00 |
| USD | 5 364 422.04 | TWD | 148 970 000.00 | 26.3.2021 | 12 084.72 | 0.00 |
| RUB | 233 550 000.00 | USD | 3 145 306.28 | 26.3.2021 | -68 305.71 | -0.01 |
| USD | 103 196.23 | HKD | 800 000.00 | 4.2.2021 | 22.01 | 0.00 |
| USD | 103 205.56 | HKD | 800 000.00 | 19.3.2021 | 24.47 | 0.00 |
| Total Forward Foreign Exchange contracts | 91 184.33 | 0.01 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 19 108 821.80 | 2.42 |
| Bank overdraft and other short-term liabilities | -578.50 | 0.00 |
| Other assets and liabilities | -537 519.19 | -0.06 |
| Total net assets | 788 409 357.98 | 100.00 |

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

Translation (ENFR, 2021-01-31):
# UBS (Lux) Strategy Fund – Yield (USD)
| Comparaison sur trois ans |  |
| --- | --- |
|  | ISIN | 31.1.2021 | 31.1.2020 | 31.1.2019 |
| Actif net en USD |  | 788 409 357.98 | 829 122 119.51 | 864 088 724.89 |
| Catégorie K-1-acc | LU0939686977 |  |  |  |
| Parts en circulation |  | 14.3000 | 12.8000 | 14.5000 |
| Valeur nette d’inventaire par part en USD |  | 7 077 477.35 | 6 619 573.49 | 6 083 112.37 |
| Prix d’émission et de rachat par part en USD 1 |  | 7 077 477.35 | 6 619 573.49 | 6 083 112.37 |
| Catégorie (JPY hedged) K-1-acc | LU1610875996 |  |  |  |
| Parts en circulation |  | 2.6000 | 5.5000 | 5.4000 |
| Valeur nette d’inventaire par part en JPY |  | 555 143 030 | 525 432 859 | 495 722 416 |
| Prix d’émission et de rachat par part en JPY 1 |  | 555 143 030 | 525 432 859 | 495 722 416 |
| Catégorie P-4%-mdist | LU1417001382 |  |  |  |
| Parts en circulation |  | 122 021.8790 | 128 468.6250 | 137 929.6570 |
| Valeur nette d’inventaire par part en USD |  | 1 056.80 | 1 033.86 | 994.17 |
| Prix d’émission et de rachat par part en USD 1 |  | 1 056.80 | 1 033.86 | 994.17 |
| Catégorie (EUR hedged) P-4%-mdist 2 | LU1751696797 |  |  |  |
| Parts en circulation |  | - | 9 247.1990 | 5 701.6060 |
| Valeur nette d’inventaire par part en EUR |  | - | 923.91 | 914.29 |
| Prix d’émission et de rachat par part en EUR 1 |  | - | 923.91 | 914.29 |
| Catégorie P-acc | LU0033043885 |  |  |  |
| Parts en circulation |  | 108 728.1010 | 124 233.9180 | 145 823.3760 |
| Valeur nette d’inventaire par part en USD |  | 3 798.32 | 3 571.69 | 3 300.01 |
| Prix d’émission et de rachat par part en USD 1 |  | 3 798.32 | 3 571.69 | 3 300.01 |
| Catégorie (GBP hedged) P-acc | LU1634239799 |  |  |  |
| Parts en circulation |  | 15 885.5130 | 15 649.5890 | 15 585.0890 |
| Valeur nette d’inventaire par part en GBP |  | 1 104.64 | 1 055.22 | 991.58 |
| Prix d’émission et de rachat par part en GBP 1 |  | 1 104.64 | 1 055.22 | 991.58 |
| Catégorie (JPY hedged) P-acc | LU1410364910 |  |  |  |
| Parts en circulation |  | 131 442.4200 | 206 923.4460 | 210 111.5350 |
| Valeur nette d’inventaire par part en JPY |  | 11 566 | 11 019 | 10 452 |
| Prix d’émission et de rachat par part en JPY 1 |  | 11 566 | 11 019 | 10 452 |
| Catégorie P-dist | LU0033041590 |  |  |  |
| Parts en circulation |  | 29 175.3590 | 30 278.8170 | 33 625.7960 |
| Valeur nette d’inventaire par part en USD |  | 1 679.05 | 1 602.84 | 1 501.53 |
| Prix d’émission et de rachat par part en USD 1 |  | 1 679.05 | 1 602.84 | 1 501.53 |
| Catégorie Q-4%-mdist | LU1891428622 |  |  |  |
| Parts en circulation |  | 93 312.2020 | 20 408.0330 | 1 132.1670 |
| Valeur nette d’inventaire par part en USD |  | 108.67 | 105.64 | 100.93 |
| Prix d’émission et de rachat par part en USD 1 |  | 108.67 | 105.64 | 100.93 |
| Catégorie Q-acc | LU0941351925 |  |  |  |
| Parts en circulation |  | 190 639.0920 | 249 671.1020 | 236 009.2460 |
| Valeur nette d’inventaire par part en USD |  | 139.65 | 130.55 | 119.91 |
| Prix d’émission et de rachat par part en USD 1 |  | 139.65 | 130.55 | 119.91 |
| Catégorie Q-dist | LU1240800539 |  |  |  |
| Parts en circulation |  | 59 668.6900 | 49 065.6990 | 70 244.0170 |
| Valeur nette d’inventaire par part en USD |  | 119.18 | 114.73 | 107.46 |
| Prix d’émission et de rachat par part en USD 1 |  | 119.18 | 114.73 | 107.46 |
| 1  Voir note 1 2  La catégorie de parts (EUR hedged) P-4%-mdist était en circulation jusqu’au 18.12.2020 |  |  |  |  |
| Performance |  |  |  |  |
|  | Devise | 2020/2021 | 2019/2020 | 2018/2019 |
| Catégorie K-1-acc | USD | 6.9% | 8.8% | -2.1% |
| Catégorie (JPY hedged) K-1-acc | JPY | 5.7% | 6.0% | -4.5% |
| Catégorie P-4%-mdist | USD | 6.3% | 8.2% | -2.6% |
| Catégorie (EUR hedged) P-4%-mdist 1 | EUR | - | 5.2% | - |
| Catégorie P-acc | USD | 6.3% | 8.2% | -2.6% |
| Catégorie (GBP hedged) P-acc | GBP | 4.7% | 6.4% | -4.3% |
| Catégorie (JPY hedged) P-acc | JPY | 5.0% | 5.4% | -5.0% |
| Catégorie P-dist | USD | 6.3% | 8.2% | -2.6% |
| Catégorie Q-4%-mdist | USD | 7.0% | 8.9% | - |
| Catégorie Q-acc | USD | 7.0% | 8.9% | -2.0% |
| Catégorie Q-dist | USD | 7.0% | 8.9% | -2.0% |

1 
La catégorie de parts (EUR hedged) P-4%-mdist était en circulation jusqu’au 18.12.2020. Dès lors, aucune donnée n’est disponible pour calculer la performance. La performance historique n’est pas un indicateur de la performance actuelle ou future.
Les données de performance ne tiennent pas compte des commissions et des frais prélevés lors de l’émission et du rachat des parts. Les données de performance ne sont pas auditées.
Le compartiment n’a pas d’indice de référence.
UBS (Lux) Strategy Fund – Yield (USD) 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 défensive, 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	95.80
Total	97.83
EUR	2.03
Répartition selon les instruments de placement en % de l’actif net	
Fonds d’investissement, ouvert	81.37
Billets, taux fixe	6.92
Bons du Trésor à moyen terme, taux variable	3.92
Medium-Term Notes, taux fixe	2.41
Obligations, taux fixe	1.58
Bons du Trésor à moyen terme, taux fixe	1.57
Medium-Term Notes, coupon zéro	0.06
Total	97.83
UBS (Lux) Strategy Fund – Yield (USD)
Rapport annuel et états financiers révisés au 31 janvier 2021

## Etat des actifs nets
Actif	31.1.2021
USD
Portefeuille-titres, cours d’achat	651 055 056.39
| Portefeuille-titres, plus-/(moins)-value non réalisée | 	120 237 414.08	 |
| --- | --- |
| Total du Portefeuille-titres (note 1) | 771 292 470.47 |
| Avoirs en banque, dépôts à vue et à terme | 7 574 680.98 |
| Autres liquidités (marges) | 11 534 140.82 |
| Créances sur souscriptions | 73 773.71 |
| Intérêts à recevoir sur titres | 711 853.53 |
| Intérêts à recevoir sur liquidités | 1 491.10 |
| Autres créances | 2 060.60 |
| Bénéfice non réalisé(e) sur contrats de change à terme (note 1) | 91 184.33 |
| Total de l’Actif | 791 281 655.54 |
|  |  |
| Passif |  |
| Perte non réalisée sur contrats financiers à terme (note 1) | -1 545 020.93 |
| Crédit en compte courant | -578.50 |
| Intérêts à payer sur crédit en compte courant | -551.20 |
| Engagements sur rachats | -834 333.10 |
| Provisions pour commission de gestion forfaitaire (note 2) | -406 104.31 |
| Provisions pour taxe d’abonnement (note 3) | -8 002.47 |
| Provisions pour autres commissions et frais (note 2) | 	-77 707.05	 |
| Total des Provisions pour frais | -491 813.83 |
| Total du Passif | -2 872 297.56 |
|  |  |
| Actif net à la fin de l’exercice | 788 409 357.98 |
| Etat des opérations | USD |
| Revenus | 1.2.2020-31.1.2021 |
| Revenus d’intérêts sur liquidités | 23 922.26 |
| Intérêts sur titres | 2 814 556.99 |
| Dividendes | 1 347 705.68 |
| Revenus d’intérêts sur swaps (note 1) | 83 020.28 |
| Revenus sur prêts de titres (note 15) | 80 318.23 |
| Autres revenus (note 4) | 172 577.65 |
| Total des Revenus | 4 522 101.09 |
|  |  |
| Charges |  |
| Charges d’intérêts sur swaps (note 1) | -13 112.47 |
| Commission de gestion forfaitaire (note 2) | -10 032 906.17 |
| Taxe d’abonnement (note 3) | -93 725.16 |
| Frais sur prêts de titres (note 15) | -32 127.29 |
| Autres commissions et frais (note 2) | -97 755.88 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -59 259.10 |
| Total des Charges | -10 328 886.07 |
|  |  |
| Revenus/pertes net(te)s de placements | -5 806 784.98 |
|  |  |
| Bénéfices/(pertes) réalisé(e)s (note 1) |  |
| Bénéfice/(perte) réalisé(e) sur titres évalués à la valeur de marché hors options | 37 837 396.71 |
| Bénéfice/perte réalisé(e) sur options | 4 255 278.53 |
| Bénéfice/(perte) réalisé(e) sur instruments du marché monétaire et titres évalués en fonction des rendements | 97 857.09 |
| Bénéfice/perte réalisé(e) sur contrats financiers à terme | -14 881 397.46 |
| Bénéfice/(perte) réalisé(e) sur contrats de change à terme | -3 901 858.84 |
| Bénéfice/(perte) réalisé(e) sur swaps | 215 902.81 |
| Bénéfice/(perte) de change réalisé(e) | 2 853 187.32 |
| Total des Bénéfices/(pertes) réalisé(e)s | 26 476 366.16 |
|  |  |
| Bénéfice/(perte) net(te) réalisé(e) au cours de l’exercice | 20 669 581.18 |
|  |  |
| 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 | 25 854 150.23 |
| Plus-/(moins)-value non réalisée sur options | -67 006.67 |
| Plus-/(moins)-value non réalisée sur instruments du marché monétaire et titres évalués en fonction des rendements | -36 988.45 |
| Plus-/(moins)-value non réalisée sur contrats financiers à terme | 613 514.14 |
| Plus-/(moins)-value non réalisée sur contrats de change à terme | -1 722 174.36 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 24 641 494.89 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 45 311 076.07 |

UBS (Lux) Strategy Fund – Yield (USD) Rapport annuel et états financiers révisés au 31 janvier 2021
| Fluctuations de l’actif net |  |
| --- | --- |
|  | USD |
|  | 1.2.2020-31.1.2021 |
| Actif net au début de l’exercice | 829 122 119.51 |
| Souscriptions | 71 288 379.66 |
| Rachats | 	-151 515 332.96	 |
| Total des Entrées/(sorties) de capitaux | -80 226 953.30 |
| Dividendes versés | -5 796 884.30 |
| Revenus/pertes net(te)s de placements | -5 806 784.98 |
| Total des Bénéfices/(pertes) réalisé(e)s | 26 476 366.16 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 	24 641 494.89	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 45 311 076.07 |
| Actif net à la fin de l’exercice | 788 409 357.98 |
| Evolution des parts en circulation |  |
|  | 1.2.2020-31.1.2021 |
| Catégorie | K-1-acc |
| Nombre de parts en circulation au début de l’exercice | 12.8000 |
| Nombre de parts émises | 2.4000 |
| Nombre de parts rachetées | -0.9000 |
| Nombre de parts en circulation à la fin de l’exercice | 14.3000 |
| Catégorie | (JPY hedged) K-1-acc |
| Nombre de parts en circulation au début de l’exercice | 5.5000 |
| Nombre de parts émises | 0.0000 |
| Nombre de parts rachetées | -2.9000 |
| Nombre de parts en circulation à la fin de l’exercice | 2.6000 |
| Catégorie | P-4%-mdist |
| Nombre de parts en circulation au début de l’exercice | 128 468.6250 |
| Nombre de parts émises | 15 058.5740 |
| Nombre de parts rachetées | -21 505.3200 |
| Nombre de parts en circulation à la fin de l’exercice | 122 021.8790 |
| Catégorie | (EUR hedged) P-4%-mdist |
| Nombre de parts en circulation au début de l’exercice | 9 247.1990 |
| Nombre de parts émises | 670.9240 |
| Nombre de parts rachetées | -9 918.1230 |
| Nombre de parts en circulation à la fin de l’exercice | 0.0000 |
| Catégorie | P-acc |
| Nombre de parts en circulation au début de l’exercice | 124 233.9180 |
| Nombre de parts émises | 4 627.8460 |
| Nombre de parts rachetées | -20 133.6630 |
| Nombre de parts en circulation à la fin de l’exercice | 108 728.1010 |
| Catégorie | (GBP hedged) P-acc |
| Nombre de parts en circulation au début de l’exercice | 15 649.5890 |
| Nombre de parts émises | 607.9240 |
| Nombre de parts rachetées | -372.0000 |
| Nombre de parts en circulation à la fin de l’exercice | 15 885.5130 |
| Catégorie | (JPY hedged) P-acc |
| Nombre de parts en circulation au début de l’exercice | 206 923.4460 |
| Nombre de parts émises | 0.0000 |
| Nombre de parts rachetées | -75 481.0260 |
| Nombre de parts en circulation à la fin de l’exercice | 131 442.4200 |
| Catégorie | P-dist |
| Nombre de parts en circulation au début de l’exercice | 30 278.8170 |
| Nombre de parts émises | 3 830.2350 |
| Nombre de parts rachetées | -4 933.6930 |
| Nombre de parts en circulation à la fin de l’exercice | 29 175.3590 |
| Catégorie | Q-4%-mdist |
| Nombre de parts en circulation au début de l’exercice | 20 408.0330 |
| Nombre de parts émises | 80 580.0480 |
| Nombre de parts rachetées | -7 675.8790 |
| Nombre de parts en circulation à la fin de l’exercice | 93 312.2020 |
| Catégorie | Q-acc |
| Nombre de parts en circulation au début de l’exercice | 249 671.1020 |
| Nombre de parts émises | 61 167.0770 |
| Nombre de parts rachetées | -120 199.0870 |
| Nombre de parts en circulation à la fin de l’exercice | 190 639.0920 |
| Catégorie | Q-dist |
| Nombre de parts en circulation au début de l’exercice | 49 065.6990 |
| Nombre de parts émises | 11 936.0250 |
| Nombre de parts rachetées | -1 333.0340 |
| Nombre de parts en circulation à la fin de l’exercice | 59 668.6900 |

UBS (Lux) Strategy Fund – Yield (USD)
Rapport annuel et états financiers révisés au 31 janvier 2021
| Distribution annuelle 1 |  |
| --- | --- |
| UBS (Lux) Strategy Fund – Yield (USD) | Date de détachement | Date de versement | Devise | Montant par part |
| P-dist | 1.4.2020 | 6.4.2020 | USD | 20.78 |
| Q-dist | 1.4.2020 | 6.4.2020 | USD | 2.88 |
| Distribution mensuelle 1 |  |  |  |  |
| UBS (Lux) Strategy Fund – Yield (USD) | Date de détachement | Date de versement | Devise | Montant par part |
| P-4%-mdist | 10.2.2020 | 13.2.2020 | USD | 3.44 |
| P-4%-mdist | 10.3.2020 | 13.3.2020 | USD | 3.33 |
| P-4%-mdist | 14.4.2020 | 17.4.2020 | USD | 3.00 |
| P-4%-mdist | 11.5.2020 | 14.5.2020 | USD | 3.16 |
| P-4%-mdist | 10.6.2020 | 15.6.2020 | USD | 3.24 |
| P-4%-mdist | 10.7.2020 | 15.7.2020 | USD | 3.29 |
| P-4%-mdist | 10.8.2020 | 13.8.2020 | USD | 3.37 |
| P-4%-mdist | 10.9.2020 | 15.9.2020 | USD | 3.42 |
| P-4%-mdist | 12.10.2020 | 15.10.2020 | USD | 3.36 |
| P-4%-mdist | 10.11.2020 | 13.11.2020 | USD | 3.31 |
| P-4%-mdist | 10.12.2020 | 15.12.2020 | USD | 3.48 |
| P-4%-mdist | 11.1.2021 | 14.1.2021 | USD | 3.54 |
| (EUR hedged) P-4%-mdist | 10.2.2020 | 13.2.2020 | EUR | 3.07 |
| (EUR hedged) P-4%-mdist | 10.3.2020 | 13.3.2020 | EUR | 2.97 |
| (EUR hedged) P-4%-mdist | 14.4.2020 | 17.4.2020 | EUR | 2.66 |
| (EUR hedged) P-4%-mdist | 11.5.2020 | 14.5.2020 | EUR | 2.80 |
| (EUR hedged) P-4%-mdist | 10.6.2020 | 15.6.2020 | EUR | 2.87 |
| (EUR hedged) P-4%-mdist | 10.7.2020 | 15.7.2020 | EUR | 2.91 |
| (EUR hedged) P-4%-mdist | 10.8.2020 | 13.8.2020 | EUR | 2.97 |
| (EUR hedged) P-4%-mdist | 10.9.2020 | 15.9.2020 | EUR | 3.01 |
| (EUR hedged) P-4%-mdist | 12.10.2020 | 15.10.2020 | EUR | 2.96 |
| (EUR hedged) P-4%-mdist | 10.11.2020 | 13.11.2020 | EUR | 2.91 |
| (EUR hedged) P-4%-mdist | 10.12.2020 | 15.12.2020 | EUR | 3.06 |
| Q-4%-mdist | 10.2.2020 | 13.2.2020 | USD | 0.35 |
| Q-4%-mdist | 10.3.2020 | 13.3.2020 | USD | 0.34 |
| Q-4%-mdist | 14.4.2020 | 17.4.2020 | USD | 0.30 |
| Q-4%-mdist | 11.5.2020 | 14.5.2020 | USD | 0.32 |
| Q-4%-mdist | 10.6.2020 | 15.6.2020 | USD | 0.33 |
| Q-4%-mdist | 10.7.2020 | 15.7.2020 | USD | 0.33 |
| Q-4%-mdist | 10.8.2020 | 13.8.2020 | USD | 0.34 |
| Q-4%-mdist | 10.9.2020 | 15.9.2020 | USD | 0.35 |
| Q-4%-mdist | 12.10.2020 | 15.10.2020 | USD | 0.34 |
| Q-4%-mdist | 10.11.2020 | 13.11.2020 | USD | 0.34 |
| Q-4%-mdist | 10.12.2020 | 15.12.2020 | USD | 0.35 |
| Q-4%-mdist | 11.1.2021 | 14.1.2021 | USD | 0.36 |
| 1  Voir note 5 |  |  |  |  |

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

## Etat du portefeuille-titres et autres actifs nets au 31 janvier 2021
| Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
| Titres et instruments du marché monétaire négociés sur une bourse officielle |  |  |  |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	ALBERTA, PROVINCE OF 3.30000% 18-15.03.28 | 1 670 000.00 | 1 913 024.79 | 0.24 |
| USD	ALPHABET INC 1.99800% 16-15.08.26 | 1 215 000.00 | 1 292 859.79 | 0.16 |
| USD	APPLE INC 1.65000% 20-11.05.30 | 400 000.00 | 404 381.28 | 0.05 |
| USD	APPLE INC 2.20000% 19-11.09.29 | 750 000.00 | 793 199.30 | 0.10 |
| USD	APPLE INC 2.45000% 16-04.08.26 | 650 000.00 | 704 027.68 | 0.09 |
| USD	APPLE INC 2.90000% 17-12.09.27 | 1 875 000.00 | 2 087 879.89 | 0.26 |
| USD	APPLE INC 3.20000% 17-11.05.27 | 1 730 000.00 | 1 949 448.30 | 0.25 |
| USD	APPLE INC 3.25000% 16-23.02.26 | 1 525 000.00 | 1 701 688.03 | 0.22 |
| USD	BERKSHIRE HATHAWAY FINANCE CORP 1.85000% 20-12.03.30 | 600 000.00 | 620 232.50 | 0.08 |
| USD	BERKSHIRE HATHAWAY INC 3.12500% 16-15.03.26 | 900 000.00 | 999 064.04 | 0.13 |
| USD	CHEVRON CORP 2.23600% 20-11.05.30 | 1 428 000.00 | 1 492 880.88 | 0.19 |
| USD	CORPORACION ANDINA DE FOMENTO 4.37500% 12-15.06.22 | 725 000.00 | 761 801.00 | 0.10 |
| USD	EQUINOR ASA 2.37500% 20-22.05.30 | 350 000.00 | 368 622.51 | 0.05 |
| USD	EQUINOR ASA 3.62500% 18-10.09.28 | 800 000.00 | 916 934.43 | 0.12 |
| USD	EUROPEAN INVESTMENT BANK 2.37500% 17-24.05.27 | 1 100 000.00 | 1 211 320.00 | 0.15 |
| USD	EUROPEAN INVESTMENT BANK 0.87500% 20-17.05.30 | 2 342 000.00 | 2 279 218.38 | 0.29 |
| USD	EXPORT-IMPORT BANK OF KOREA 2.50000% 15-10.05.21 | 1 000 000.00 | 1 004 687.50 | 0.13 |
| USD	EXXON MOBIL CORP 3.04300% 16-01.03.26 | 650 000.00 | 713 921.05 | 0.09 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.25000% 19-18.06.29 | 2 600 000.00 | 2 847 670.96 | 0.36 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.00000% 19-23.07.26 | 1 175 000.00 | 1 259 058.64 | 0.16 |
| USD	JOHNSON & JOHNSON 1.30000% 20-01.09.30 | 500 000.00 | 493 217.61 | 0.06 |
| USD	JOHNSON & JOHNSON 2.45000% 16-01.03.26 | 1 350 000.00 | 1 463 146.20 | 0.19 |
| USD	JOHNSON & JOHNSON 2.90000% 17-15.01.28 | 1 000 000.00 | 1 114 821.98 | 0.14 |
| USD	KOREA EAST-WEST POWER CO LTD-REG-S 3.87500% 18-19.07.23 | 400 000.00 | 432 625.00 | 0.05 |
| USD	KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 3.12500% 17-25.07.27 | 1 200 000.00 | 1 346 250.00 | 0.17 |
| USD	KOREA RESOURCES CORP-REG-S 3.00000% 17-24.04.22 | 1 200 000.00 | 1 233 750.00 | 0.16 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.87500% 18-03.04.28 | 2 100 000.00 | 2 390 538.61 | 0.30 |
| USD	KUWAIT INTERNATIONAL GOVT BOND-REG-S 3.50000% 17-20.03.27 | 2 800 000.00 | 3 162 250.00 | 0.40 |
| USD	LANDWIRTSCHAFTLICHE RENTENBANK 0.87500% 20-03.09.30 | 650 000.00 | 629 926.50 | 0.08 |
| USD	MICROSOFT CORP 3.30000% 17-06.02.27 | 1 100 000.00 | 1 249 677.10 | 0.16 |
| USD	NOVARTIS CAPITAL CORP 3.10000% 17-17.05.27 | 1 270 000.00 | 1 426 004.54 | 0.18 |
| USD	QATAR, STATE OF-REG-S 3.37500% 19-14.03.24 | 1 200 000.00 | 1 295 250.00 | 0.16 |
| USD	QATAR, STATE OF-REG-S 4.00000% 19-14.03.29 | 1 000 000.00 | 1 172 500.00 | 0.15 |
| USD	ROCHE HOLDINGS INC-REG-S 3.62500% 18-17.09.28 | 2 300 000.00 | 2 683 581.47 | 0.34 |
| USD	SHELL INTERNATIONAL FINANCE BV 2.87500% 16-10.05.26 | 900 000.00 | 985 707.12 | 0.12 |
| USD	STATE STREET CORP 2.40000% 20-24.01.30 | 448 000.00 | 481 448.11 | 0.06 |
| USD	TOTAL CAPITAL INTERNATIONAL SA 3.45500% 19-19.02.29 | 1 250 000.00 | 1 416 544.57 | 0.18 |
| USD	VISA INC 2.05000% 20-15.04.30 | 500 000.00 | 522 663.48 | 0.07 |
| USD	VISA INC 3.15000% 15-14.12.25 | 500 000.00 | 556 570.08 | 0.07 |
| USD	WALMART INC 3.05000% 19-08.07.26 | 925 000.00 | 1 034 691.21 | 0.13 |
| USD	WALMART INC 3.70000% 18-26.06.28 | 1 300 000.00 | 1 514 062.34 | 0.19 |
| USD	WESTPAC BANKING CORP 2.85000% 16-13.05.26 | 1 200 000.00 | 1 320 576.00 | 0.17 |
| Total USD |  | 53 247 722.87 | 6.75 |
| Total des Billets, taux fixe |  | 53 247 722.87 | 6.75 |
| Medium-Term Notes, taux fixe |  |  |  |
| USD |  |  |  |
| USD	ABU DHABI, EMIRATE OF-REG-S 3.12500% 20-16.04.30 | 1 950 000.00 | 2 174 250.00 | 0.28 |
| USD	ASB FINANCE LTD-REG-S 2.12500% 16-01.09.21 | 600 000.00 | 606 209.28 | 0.08 |
| USD	ASIAN DEVELOPMENT BANK 2.62500% 17-12.01.27 | 1 300 000.00 | 1 443 572.00 | 0.18 |
| USD	ASIAN DEVELOPMENT BANK 2.75000% 18-19.01.28 | 1 400 000.00 | 1 575 591.78 | 0.20 |
| USD	ASIAN DEVELOPMENT BANK 1.75000% 19-19.09.29 | 2 000 000.00 | 2 101 643.72 | 0.27 |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 3.15000% 17-19.09.27 | 1 300 000.00 | 1 457 443.00 | 0.18 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 17-22.11.27 | 900 000.00 | 996 570.00 | 0.13 |
| USD	KOREA DEVELOPMENT BANK 1.75000% 20-18.02.25 | 375 000.00 | 390 162.07 | 0.05 |
| USD	MDGH - GMTN BV-REG-S 2.87500% 20-21.05.30 | 1 500 000.00 | 1 599 843.75 | 0.20 |
| USD	QUEBEC, PROVINCE OF 7.50000% 99-15.09.29 | 1 000 000.00 | 1 489 181.29 | 0.19 |
| USD	SP POWERASSETS LTD-REG-S 3.25000% 15-24.11.25 | 1 550 000.00 | 1 719 306.50 | 0.22 |
| USD	SUMITOMO MITSUI BANKING CORP-REG-S 2.44000% 19-18.06.24 | 688 000.00 | 730 178.18 | 0.09 |
| USD	TORONTO-DOMINION BANK 0.75000% 20-11.09.25 | 800 000.00 | 798 762.66 | 0.10 |
| USD	TOYOTA MOTOR CREDIT CORP 2.60000% 17-11.01.22 | 1 250 000.00 | 1 276 553.83 | 0.16 |
| Total USD |  | 18 359 268.06 | 2.33 |
| Total des Medium-Term Notes, taux fixe |  | 18 359 268.06 | 2.33 |
| Obligations, taux fixe |  |  |  |
| USD |  |  |  |
| USD	BNG BANK NV-REG-S 2.37500% 16-16.03.26 | 1 150 000.00 | 1 251 085.00 | 0.16 |
| USD	BRITISH COLUMBIA, PROVINCE OF 2.25000% 16-02.06.26 | 800 000.00 | 866 150.49 | 0.11 |
| USD	EUROPEAN INVESTMENT BANK 0.62500% 20-21.10.27 | 450 000.00 | 444 687.33 | 0.06 |
| USD	ING BANK NV-REG-S 2.62500% 12-05.12.22 | 1 650 000.00 | 1 720 755.30 | 0.22 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 3.00000% 14-21.02.24 | 975 000.00 | 1 055 461.51 | 0.13 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.87500% 20-14.05.30 | 1 700 000.00 | 1 654 072.37 | 0.21 |
| USD	KOREA, REPUBLIC OF 3.87500% 13-11.09.23 | 600 000.00 | 653 812.50 | 0.08 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.50000% 14-20.11.24 | 275 000.00 | 297 392.16 | 0.04 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 0.75000% 20-30.09.30 | 1 100 000.00 | 1 057 370.74 | 0.13 |
| USD	MICROSOFT CORP 2.40000% 16-08.08.26 | 1 025 000.00 | 1 111 149.03 | 0.14 |
| USD	NOVARTIS CAPITAL CORP 3.40000% 14-06.05.24 | 800 000.00 | 877 110.10 | 0.11 |
| USD	ONTARIO, PROVINCE OF 1.12500% 20-07.10.30 | 1 500 000.00 | 1 462 195.13 | 0.19 |
| Total USD |  | 12 451 241.66 | 1.58 |
| Total des Obligations, taux fixe |  | 12 451 241.66 | 1.58 |

UBS (Lux) Strategy Fund – Yield (USD)
Rapport annuel et états financiers révisés au 31 janvier 2021
| Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |

Bons du Trésor à moyen terme, taux fixe
| USD |  |
| --- | --- |
| USD | AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 1 080 000.00 | 1 528 579.69 | 0.19 |
| USD | AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 1 320 000.00 | 1 452 773.44 | 0.18 |
| USD | AMERICA, UNITED STATES OF 2.25000% 17-15.11.27 | 1 320 000.00 | 1 453 237.50 | 0.18 |
| USD | AMERICA, UNITED STATES OF 2.87500% 18-31.05.25 | 135 000.00 | 149 723.43 | 0.02 |
| USD | AMERICA, UNITED STATES OF 2.62500% 19-15.02.29 | 1 653 000.00 | 1 876 219.56 | 0.24 |
| USD | AMERICA, UNITED STATES OF 2.75000% 14-15.02.24 | 280 000.00 | 301 798.43 | 0.04 |
| USD | AMERICA, UNITED STATES OF 1.50000% 15-31.01.22 | 301 000.00 | 305 209.30 | 0.04 |
| USD | AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 380 000.00 | 381 959.37 | 0.05 |
| USD | AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 300 000.00 | 306 351.56 | 0.04 |
| USD | AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 145 000.00 | 149 712.50 | 0.02 |
| USD | AMERICA, UNITED STATES OF 2.25000% 17-15.02.27 | 1 000.00 | 1 097.77 | 0.00 |
| USD | AMERICA, UNITED STATES OF 2.50000% 13-15.08.23 | 1 001 000.00 | 1 060 747.18 | 0.14 |
| USD | AMERICA, UNITED STATES OF 2.37500% 17-15.05.27 | 410 000.00 | 454 042.97 | 0.06 |
| USD | AMERICA, UNITED STATES OF 2.12500% 15-15.05.25 | 870 000.00 | 936 303.52 | 0.12 |
| USD | AMERICA, UNITED STATES OF 1.75000% 19-15.11.29 | 575 000.00 | 613 453.13 | 0.08 |
| USD | AMERICA, UNITED STATES OF 1.50000% 19-30.11.24 | 100 000.00 | 104 636.72 | 0.01 |
| USD | AMERICA, UNITED STATES OF 0.62500% 20-15.05.30 | 1 100 000.00 | 1 059 953.12 | 0.13 |
| USD | AMERICA, UNITED STATES OF 0.25000% 20-31.07.25 | 230 000.00 | 228 823.04 | 0.03 |
| Total USD |  |  | 12 364 622.23 | 1.57 |
| Total des Bons du Trésor à moyen terme, taux fixe |  | 12 364 622.23 | 1.57 |
| Bons du Trésor à moyen terme, taux variable |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 2 720 000.00 | 3 188 353.62 | 0.40 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 20-15.01.30 | 3 200 000.00 | 3 623 772.50 | 0.46 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 2 690 000.00 | 3 204 237.59 | 0.41 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 3 310 000.00 | 4 022 078.23 | 0.51 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 2 675 000.00 | 3 242 194.71 | 0.41 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 2 620 000.00 | 3 226 802.21 | 0.41 |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 2 800 000.00 | 3 402 767.96 | 0.43 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 2 500 000.00 | 4 061 117.93 | 0.52 |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 1 280 000.00 | 2 931 343.84 | 0.37 |
| Total USD |  | 30 902 668.59 | 3.92 |
| Total des Bons du Trésor à moyen terme, taux variable |  | 30 902 668.59 | 3.92 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 127 325 523.41 | 16.15 |
| Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  |  |  |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	NESTLE HOLDINGS INC-144A 3.62500% 18-24.09.28 | 800 000.00 | 929 845.16 | 0.12 |
| USD	SCENTRE GROUP TRUST 1 / 2-REG-S 3.75000% 17-23.03.27 | 400 000.00 | 440 218.15 | 0.05 |
| Total USD |  | 1 370 063.31 | 0.17 |
| Total des Billets, taux fixe |  | 1 370 063.31 | 0.17 |
| Medium-Term Notes, taux fixe |  |  |  |
| USD |  |  |  |
| USD	GUARDIAN LIFE GLOBAL FUNDING-REG-S 2.00000% 16-26.04.21 | 600 000.00 | 602 542.64 | 0.08 |
| Total USD |  | 602 542.64 | 0.08 |
| Total des Medium-Term Notes, taux fixe |  | 602 542.64 | 0.08 |
| Medium-Term Notes, coupon zéro |  |  |  |
| USD |  |  |  |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.00000% 00-01.05.30 | 540 000.00 | 464 972.62 | 0.06 |
| Total USD |  | 464 972.62 | 0.06 |
| Total des Medium-Term Notes, coupon zéro |  | 464 972.62 | 0.06 |
| Total des Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  | 2 437 578.57 | 0.31 |

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 | 4 757 672.00 | 34 654 882.85 | 4.40 |
| USD | ISHRS III PLC-MSCI WORLD SML CAP UCITS ETF-UNHDG USD-ACC | 2 600 000.00 | 17 144 400.00 | 2.17 |
| Total Irlande |  | 51 799 282.85 | 6.57 |
| Luxembourg |  |  |  |
| EUR	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 94 673.00 | 15 970 280.92 | 2.03 |
| USD	UBS (LUX) BOND SICAV - SHORT TERM USD CORPORATES (USD) U-X-A | 5 030.00 | 57 357 693.60 | 7.27 |
| USD	UBS (LUX) BOND SICAV - USD CORPORATES U-X-ACC | 2 876.00 | 37 679 741.44 | 4.78 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC | 1 121.00 | 23 818 783.80 | 3.02 |
| USD	UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS | 299 168.00 | 33 446 982.40 | 4.24 |
| USD	UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC | 10 347.00 | 127 294 174.44 | 16.15 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD)-U-X ACC | 3 716.00 | 54 117 668.72 | 6.86 |
| USD	UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC | 3 373.00 | 45 538 569.43 | 5.78 |
| USD	UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC | 767.00 | 31 152 157.53 | 3.95 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL QUANTITATIVE (USD) U-X-ACC | 2 724.75 | 47 043 539.85 | 5.97 |

UBS (Lux) Strategy Fund – Yield (USD) Rapport annuel et états financiers révisés au 31 janvier 2021
|  | Dénomination | Nombre/ Nominal | Evaluation en USD Bénéfice/(perte) non réalisé(e) sur futures/ contrats de change à terme/ swaps (note 1) | en % de l’actif net |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| USD | UBS (LUX) EQUITY SICAV - GLOBAL OPPORTUNITY (USD) U-X-ACC | 4 254.00 | 47 197 236.66 | 5.99 |
| USD | UBS (LUX) INSTITUTIONAL FUND - KEY SEL. GLOBAL EQUITY FA-USD | 1 687.61 | 51 164 716.85 | 6.49 |
| USD | UBS (LUX) INSTITUTIONAL SICAV - EQUITIES GLB (EX USA) PASSIVE XA	159 295.00 | 17 935 024.05 | 2.27 |
| USD | UBS (LUX) MONEY MARKET FUND - USD U-X-ACC | 1.00 | 11 219.78 | 0.00 |
| Total Luxembourg |  | 589 727 789.47 | 74.80 |
| Total des Fonds d’investissement, ouvert |  | 641 527 072.32 | 81.37 |
| Total des OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée | 641 527 072.32 | 81.37 |
| 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 | -378.00 | -176 345.16 | -0.02 |
| EUR	EURO STOXX 50 INDEX CALL 4000.00000 19.03.21 | -378.00 | -2 296.16 | 0.00 |
| EUR	EURO STOXX 50 INDEX CALL 3650.00000 19.03.21 | 378.00 | 180 937.49 | 0.02 |
| Total EUR |  | 2 296.17 | 0.00 |
| Total des Options sur indices boursiers, classic-styled |  | 2 296.17 | 0.00 |
| Total des Instruments dérivés négociés sur une bourse officielle |  | 2 296.17 | 0.00 |
| Total du Portefeuille-titres |  | 771 292 470.47 | 97.83 |
| Instruments dérivés |  |  |  |
| Instruments dérivés négociés sur une bourse officielle |  |  |  |
| Contrats financiers à terme sur obligations |  |  |  |
|  |  |  |  |
| USD	US LONG BOND FUTURE 22.03.21 | 91.00 | -526 093.75 | -0.07 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.21 | -256.00 | 2 000.13 | 0.00 |
| Total des Contrats financiers à terme sur obligations |  | -524 093.62 | -0.07 |
| Contrats financiers à terme sur indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.03.21 | 402.00 | -337 845.47 | -0.04 |
| CHF	SWISS MARKET INDEX FUTURE 19.03.21 | 69.00 | 158 228.42 | 0.02 |
| GBP	FTSE 100 INDEX FUTURE 19.03.21 | 163.00 | -378 268.54 | -0.05 |
| SEK	OMX 30 INDEX FUTURE 19.02.21 | -110.00 | 17 614.68 | 0.00 |
| USD	S&P500 EMINI FUTURE 19.03.21 | -171.00 | 135 482.50 | 0.02 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 19.03.21 | 175.00 | -93 170.00 | -0.01 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 11.03.21 | -66.00 | -743 875.06 | -0.10 |
| AUD	SPI 200 INDEX FUTURES 18.03.21 | -41.00 | 49 545.17 | 0.01 |
| CAD	S&P/TSX 60 INDEX FUTURE 18.03.21 | -45.00 | 33 958.28 | 0.00 |
| HKD	HANG SENG INDEX FUTURE 25.02.21 | -14.00 | 137 402.71 | 0.02 |
| Total des Contrats financiers à terme sur indices |  | -1 020 927.31 | -0.13 |
| Total des Instruments dérivés négociés sur une bourse officielle |  | -1 545 020.93 | -0.20 |
| Total des Instruments dérivés |  | -1 545 020.93 | -0.20 |
| Contrats de change à terme |  |  |  |
| Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |  |

| GBP | 1 050 000.00 | USD | 1 386 921.90 | 4.2.2021 | 54 959.10 | 0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 8 742 728.37 | JPY | 910 568 274.00 | 4.2.2021 | 45 136.68 | 0.00 |
| GBP | 7 314 536.14 | USD | 9 683 097.05 | 4.2.2021 | 361 370.26 | 0.05 |
| USD | 25 743 013.23 | EUR | 21 647 974.19 | 4.2.2021 | -559 058.77 | -0.07 |
| USD | 4 821 779.95 | AUD | 6 579 607.67 | 4.2.2021 | -226 522.73 | -0.03 |
| NZD | 10 000.00 | USD | 6 893.54 | 4.2.2021 | 313.46 | 0.00 |
| USD | 64 273.83 | ZAR | 1 000 000.00 | 4.2.2021 | -2 126.46 | 0.00 |
| USD | 4 004 170.91 | HKD | 31 039 500.00 | 4.2.2021 | 1 075.69 | 0.00 |
| USD | 1 506 230.68 | DKK | 9 432 500.00 | 4.2.2021 | -34 620.88 | 0.00 |
| USD | 4 032 652.76 | CHF | 3 662 765.75 | 4.2.2021 | -85 104.59 | -0.01 |
| USD | 3 392 780.47 | CAD | 4 437 024.02 | 4.2.2021 | -80 591.29 | -0.01 |
| SGD | 3 490 000.00 | USD | 2 597 292.42 | 4.2.2021 | 32 472.15 | 0.00 |
| USD | 588 893.05 | NOK | 5 326 462.30 | 4.2.2021 | -33 870.85 | 0.00 |
| USD | 1 031 521.73 | SEK | 8 874 591.98 | 4.2.2021 | -33 823.49 | 0.00 |
| EUR | 440 000.00 | USD | 523 160.00 | 4.2.2021 | 11 435.60 | 0.00 |
| EUR | 430 000.00 | USD | 511 142.72 | 4.2.2021 | 11 302.98 | 0.00 |
| USD | 433 217.17 | JPY | 45 000 000.00 | 4.2.2021 | 3 384.90 | 0.00 |
| GBP | 700 000.00 | USD | 946 425.20 | 4.2.2021 | 14 828.80 | 0.00 |
| JPY | 15 000 000.00 | USD | 144 343.33 | 4.2.2021 | -1 065.91 | 0.00 |
| CHF | 170 000.00 | USD | 191 553.40 | 4.2.2021 | -435.87 | 0.00 |
| EUR | 600 000.00 | USD | 730 715.40 | 4.2.2021 | -1 721.40 | 0.00 |
| GBP | 150 000.00 | USD | 199 701.15 | 4.2.2021 | 6 281.85 | 0.00 |
| CAD | 2 030 000.00 | JPY | 165 387 348.00 | 4.2.2021 | 9 363.93 | 0.00 |
| NOK | 21 000 000.00 | USD | 2 378 961.82 | 4.2.2021 | 76 334.26 | 0.01 |
| AUD | 3 190 000.00 | JPY | 250 122 595.00 | 4.2.2021 | 58 445.63 | 0.01 |
| CAD | 400 000.00 | USD | 313 108.85 | 4.2.2021 | 17.40 | 0.00 |
| USD | 1 112 166.12 | EUR | 915 000.00 | 4.2.2021 | 450.28 | 0.00 |
| JPY | 40 500 000.00 | USD | 389 615.26 | 4.2.2021 | -2 766.22 | 0.00 |
| USD | 9 367 010.64 | GBP | 7 020 000.00 | 4.2.2021 | -272 993.75 | -0.03 |
| HKD | 2 500 000.00 | USD | 322 511.70 | 4.2.2021 | -92.27 | 0.00 |
| USD | 338 864.57 | JPY | 35 000 000.00 | 4.2.2021 | 4 550.58 | 0.00 |
| USD | 51 596.76 | HKD | 400 000.00 | 4.2.2021 | 9.65 | 0.00 |

UBS (Lux) Strategy Fund – Yield (USD)
Rapport annuel et états financiers révisés au 31 janvier 2021
| Dénomination	Nombre/ | Evaluation en USD | en % |
| --- | --- | --- |
| Nominal | Bénéfice/(perte) non | de |
|  | réalisé(e) sur futures/ | l’actif |
|  | contrats de | net |
|  | change à terme/ |  |
|  | swaps (note 1) |  |

Contrats de change à terme (suite)
Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité
| USD | 51 600.67 | HKD | 400 000.00 | 19.3.2021 | 10.12 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| GBP | 4 526 695.48 | USD | 6 186 195.17 | 19.3.2021 | 31 338.60 | 0.00 |
| USD | 13 191 113.88 | JPY | 1 355 127 746.00 | 19.3.2021 | 241 536.53 | 0.03 |
| USD | 23 069 269.22 | EUR | 18 657 214.80 | 19.3.2021 | 379 887.86 | 0.05 |
| CAD | 883 757.86 | USD | 698 711.19 | 19.3.2021 | -6 823.75 | 0.00 |
| SGD | 2 786 000.00 | USD | 2 116 976.23 | 19.3.2021 | -17 716.25 | 0.00 |
| USD | 2 797 476.80 | CHF | 2 445 819.98 | 19.3.2021 | 44 475.57 | 0.00 |
| USD | 1 617 503.37 | DKK | 9 732 500.00 | 19.3.2021 | 26 402.22 | 0.00 |
| NOK | 15 531 229.30 | USD | 1 847 854.86 | 19.3.2021 | -32 151.58 | 0.00 |
| USD | 1 493 887.58 | AUD | 1 910 706.24 | 19.3.2021 | 27 509.11 | 0.00 |
| USD | 1 046 551.12 | SEK | 8 522 869.50 | 19.3.2021 | 22 963.28 | 0.00 |
| USD | 3 650 053.52 | HKD | 28 295 568.91 | 19.3.2021 | 593.82 | 0.00 |
| GBP | 145 000.00 | USD | 195 513.80 | 19.3.2021 | 3 647.46 | 0.00 |
| GBP | 150 000.00 | USD | 202 204.80 | 4.2.2021 | 3 778.20 | 0.00 |
| USD | 198 505.21 | AUD | 257 500.00 | 4.2.2021 | 934.47 | 0.00 |
| USD | 198 557.74 | AUD | 257 500.00 | 19.3.2021 | 938.43 | 0.00 |
| EUR | 530 000.00 | USD | 643 652.14 | 4.2.2021 | 292.56 | 0.00 |
| GBP | 380 000.00 | USD | 511 587.54 | 19.3.2021 | 10 352.33 | 0.00 |
| GBP | 380 000.00 | USD | 511 462.90 | 4.2.2021 | 10 360.70 | 0.00 |
| EUR | 520 000.00 | USD | 632 104.72 | 19.3.2021 | 276.82 | 0.00 |
| USD | 54 319.63 | SEK | 450 000.00 | 4.2.2021 | 299.64 | 0.00 |
| USD | 54 341.68 | SEK | 450 000.00 | 19.3.2021 | 297.14 | 0.00 |
| USD | 471 490.69 | JPY | 49 000 000.00 | 19.3.2021 | 3 247.54 | 0.00 |
| USD | 471 281.18 | JPY | 49 000 000.00 | 4.2.2021 | 3 241.60 | 0.00 |
| USD | 131 864.35 | SEK | 1 100 000.00 | 4.2.2021 | -184.51 | 0.00 |
| USD | 131 919.97 | SEK | 1 100 000.00 | 19.3.2021 | -188.90 | 0.00 |
| USD | 390 236.03 | DKK | 2 400 000.00 | 4.2.2021 | -1 817.37 | 0.00 |
| USD | 390 563.97 | DKK | 2 400 000.00 | 19.3.2021 | -1 795.93 | 0.00 |
| USD | 532 238.96 | EUR | 440 000.00 | 4.2.2021 | -2 356.64 | 0.00 |
| USD | 532 738.40 | EUR | 440 000.00 | 19.3.2021 | -2 353.68 | 0.00 |
| USD | 536 662.88 | GBP | 395 000.00 | 4.2.2021 | -5 759.02 | 0.00 |
| USD | 536 781.26 | GBP | 395 000.00 | 19.3.2021 | -5 761.50 | 0.00 |
| HKD | 2 700 000.00 | USD | 348 249.01 | 4.2.2021 | -36.02 | 0.00 |
| USD | 414 350.80 | JPY | 43 000 000.00 | 19.3.2021 | 3 443.54 | 0.00 |
| HKD | 2 700 000.00 | USD | 348 280.19 | 19.3.2021 | -44.00 | 0.00 |
| USD | 414 170.41 | JPY | 43 000 000.00 | 4.2.2021 | 3 441.80 | 0.00 |
| USD | 314 060.49 | CAD | 400 000.00 | 4.2.2021 | 934.24 | 0.00 |
| USD | 314 101.18 | CAD | 400 000.00 | 19.3.2021 | 944.16 | 0.00 |
| USD | 270 108.45 | CHF | 240 000.00 | 19.3.2021 | -34.20 | 0.00 |
| USD | 269 777.17 | CHF | 240 000.00 | 4.2.2021 | -35.82 | 0.00 |
| USD | 263 103.80 | NOK | 2 250 000.00 | 4.2.2021 | 36.36 | 0.00 |
| USD | 263 022.57 | NOK | 2 250 000.00 | 19.3.2021 | -17.29 | 0.00 |
| USD | 555 670.80 | EUR | 460 000.00 | 19.3.2021 | -3 743.64 | 0.00 |
| USD | 555 153.76 | EUR | 460 000.00 | 4.2.2021 | -3 741.64 | 0.00 |
| USD | 514 813.36 | GBP | 380 000.00 | 4.2.2021 | -7 010.24 | 0.00 |
| USD | 514 926.98 | GBP | 380 000.00 | 19.3.2021 | -7 012.89 | 0.00 |
| GBP | 17 648 300.00 | USD | 24 022 587.12 | 24.2.2021 | 214 720.92 | 0.03 |
| JPY | 2 983 469 400.00 | USD | 28 698 508.57 | 24.2.2021 | -195 939.51 | -0.02 |
| IDR | 74 863 650 000.00 | USD | 5 287 727.79 | 26.3.2021 | 26 065.12 | 0.00 |
| INR | 380 300 000.00 | USD | 5 157 589.24 | 26.3.2021 | 22 974.36 | 0.00 |
| USD | 5 364 422.04 | TWD | 148 970 000.00 | 26.3.2021 | 12 084.72 | 0.00 |
| RUB | 233 550 000.00 | USD | 3 145 306.28 | 26.3.2021 | -68 305.71 | -0.01 |
| USD | 103 196.23 | HKD | 800 000.00 | 4.2.2021 | 22.01 | 0.00 |
| USD | 103 205.56 | HKD | 800 000.00 | 19.3.2021 | 24.47 | 0.00 |
| Total des Contrats de change à terme | 91 184.33 | 0.01 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 19 108 821.80 | 2.42 |
| Crédit en compte courant et autres engagements à court terme | -578.50 | 0.00 |
| Autres actifs et passifs | -537 519.19 | -0.06 |
| Total de l’Actif net | 788 409 357.98 | 100.00 |

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