# UBS (Lux) Strategy Fund – Yield (CHF)
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 31.1.2021 | 31.1.2020 | 31.1.2019 |
| Net assets in CHF |  | 1 575 187 074.44 | 1 725 651 254.04 | 1 851 760 996.26 |
| Class K-1-acc | LU0939686621 |  |  |  |
| Units outstanding |  | 1.3000 | 1.3000 | 1.4000 |
| Net asset value per unit in CHF |  | 6 041 393.68 | 5 914 176.16 | 5 600 630.20 |
| Issue and redemption price per unit in CHF 1 |  | 6 041 393.68 | 5 914 176.16 | 5 600 630.20 |
| Class P-acc | LU0033035865 |  |  |  |
| Units outstanding |  | 458 906.7500 | 505 805.3810 | 566 356.4400 |
| Net asset value per unit in CHF |  | 2 249.86 | 2 214.35 | 2 108.30 |
| Issue and redemption price per unit in CHF 1 |  | 2 249.86 | 2 214.35 | 2 108.30 |
| Class P-dist | LU0033035352 |  |  |  |
| Units outstanding |  | 381 378.3070 | 424 665.0360 | 483 938.7650 |
| Net asset value per unit in CHF |  | 1 202.40 | 1 196.36 | 1 152.82 |
| Issue and redemption price per unit in CHF 1 |  | 1 202.40 | 1 196.36 | 1 152.82 |
| Class Q-acc | LU0941351768 |  |  |  |
| Units outstanding |  | 442 733.2370 | 529 616.9150 | 551 954.9400 |
| Net asset value per unit in CHF |  | 113.90 | 111.45 | 105.49 |
| Issue and redemption price per unit in CHF 1 |  | 113.90 | 111.45 | 105.49 |
| Class Q-dist | LU1240800372 |  |  |  |
| Units outstanding |  | 254 554.9340 | 304 513.6620 | 345 645.2480 |
| Net asset value per unit in CHF |  | 101.57 | 101.34 | 97.64 |
| Issue and redemption price per unit in CHF 1 |  | 101.57 | 101.34 | 97.64 |
| 1  See note 1 |  |  |  |  |
| Performance |  |  |  |  |
|  | Currency | 2020/2021 | 2019/2020 | 2018/2019 |
| Class K-1-acc | CHF | 2.2% | 5.6% | -3.8% |
| Class P-acc | CHF | 1.6% | 5.0% | -4.3% |
| Class P-dist | CHF | 1.6% | 5.0% | -4.3% |
| Class Q-acc | CHF | 2.2% | 5.6% | -3.7% |
| Class Q-dist | CHF | 2.2% | 5.7% | -3.7% |
| Historical performance is no indicator of current or future performance. |  |  |  |  |

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

## Report of the Portfolio Manager
In Quarter 1 Covid-19 plunged the global economy into the deepest recession in decades. Subsequent govern- ment aid packages stabilized economic activity and supported a strong recovery across the global financial markets.
Several break-through announcements in the phar- maceutical sector further improved the investor senti- ment towards the year-end whereas scepticism about the implementation of vaccination programmes some- what diminished hopes of a quick normalization in 2021.
Due to its 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	62.57
CHF	23.66
EUR	11.07
Classification by Instrument as a % of net assets	
Investment funds, open end	65.03
Registered shares	9.36
Treasury notes, fixed rate	6.71
Medium term notes, fixed rate	6.01
Bonds, fixed rate	3.59
Other shares	1.90
Treasury notes, floating rate	1.90
Bonds, zero coupon	1.02
Notes, fixed rate	0.53
Notes, zero coupon	0.42
Medium term notes, zero coupon	0.32
Bearer shares	0.31
Participation certificates	0.15
Notes, floating rate	0.05
Total	97.30
UBS (Lux) Strategy Fund – Yield (CHF) Annual report and audited financial statements as of 31 January 2021

## Statement of Net Assets
Assets	31.1.2021
CHF
Investments in securities, cost	1 364 236 455.22
| Investments in securities, unrealized appreciation (depreciation) | 	168 424 726.18	 |
| --- | --- |
| Total investments in securities (Note 1) | 1 532 661 181.40 |
| Cash at banks, deposits on demand and deposit accounts | 31 382 599.91 |
| Other liquid assets (Margins) | 13 293 879.28 |
| Receivable on subscriptions | 190 012.60 |
| Interest receivable on securities | 1 415 778.72 |
| Interest receivable on liquid assets | 1 916.24 |
| Other receivables | 2 860.24 |
| Unrealized gain on forward foreign exchange contracts (Note 1) | 1 445 207.84 |
| Total Assets | 1 580 393 436.23 |
|  |  |
| Liabilities |  |
| Unrealized loss on financial futures (Note 1) | -2 274 692.76 |
| Interest payable on bank overdraft | -328.11 |
| Payable on securities purchases (Note 1) | -2 500.00 |
| Payable on redemptions | -1 816 054.84 |
| Provisions for flat fee (Note 2) | -858 229.81 |
| Provisions for taxe d’abonnement (Note 3) | -23 665.44 |
| Provisions for other commissions and fees (Note 2) | 	-230 890.83	 |
| Total provisions | -1 112 786.08 |
| Total Liabilities | -5 206 361.79 |
|  |  |
| Net assets at the end of the financial year | 1 575 187 074.44 |
| Statement of Operations | CHF |
| Income | 1.2.2020-31.1.2021 |
| Interest on liquid assets | 14 012.01 |
| Interest on securities | 3 447 374.69 |
| Dividends | 6 669 620.14 |
| Interest received on swaps (Note 1) | 105 624.23 |
| Income on securities lending (Note 15) | 149 683.90 |
| Total income | 10 386 314.97 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -31 123.37 |
| Flat fee (Note 2) | -22 114 789.13 |
| Taxe d’abonnement (Note 3) | -286 218.79 |
| Cost on securities lending (Note 15) | -59 873.56 |
| Other commissions and fees (Note 2) | -198 273.63 |
| Interest on cash and bank overdraft | -120 419.77 |
| Total expenses | -22 810 698.25 |
|  |  |
| Net income (loss) on investments | -12 424 383.28 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 58 599 213.67 |
| Realized gain (loss) on options | 8 955 880.78 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | -57 726.79 |
| Realized gain (loss) on financial futures | -27 770 802.77 |
| Realized gain (loss) on forward foreign exchange contracts | 62 880 517.25 |
| Realized gain (loss) on swaps | 584 478.65 |
| Realized gain (loss) on foreign exchange | -11 264 232.43 |
| Total realized gain (loss) | 91 927 328.36 |
|  |  |
| Net realized gain (loss) of the financial year | 79 502 945.08 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | -53 679 155.95 |
| Unrealized appreciation (depreciation) on options | -132 633.55 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | -26 730.65 |
| Unrealized appreciation (depreciation) on financial futures | 1 697 842.11 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -7 900 297.76 |
| Total changes in unrealized appreciation (depreciation) | -60 040 975.80 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 19 461 969.28 |

UBS (Lux) Strategy Fund – Yield (CHF)
Annual report and audited financial statements as of 31 January 2021
| Statement of Changes in Net Assets |  |
| --- | --- |
|  |  | CHF |
|  |  | 1.2.2020-31.1.2021 |
| Net assets at the beginning of the financial year |  | 1 725 651 254.04 |
| Subscriptions |  | 45 743 355.51 |
| Redemptions |  | 	-210 482 632.24	 |
| Total net subscriptions (redemptions) |  | -164 739 276.73 |
| Dividend paid |  | -5 186 872.15 |
| Net income (loss) on investments |  | -12 424 383.28 |
| Total realized gain (loss) |  | 91 927 328.36 |
| Total changes in unrealized appreciation (depreciation) |  | 	-60 040 975.80	 |
| Net increase (decrease) in net assets as a result of operations |  | 19 461 969.28 |
| Net assets at the end of the financial year |  | 1 575 187 074.44 |
| 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 |  | 1.3000 |
| Number of units issued |  | 0.0000 |
| Number of units redeemed |  | 0.0000 |
| Number of units outstanding at the end of the financial year |  | 1.3000 |
| Class |  | P-acc |
| Number of units outstanding at the beginning of the financial year |  | 505 805.3810 |
| Number of units issued |  | 15 469.4740 |
| Number of units redeemed |  | -62 368.1050 |
| Number of units outstanding at the end of the financial year |  | 458 906.7500 |
| Class |  | P-dist |
| Number of units outstanding at the beginning of the financial year |  | 424 665.0360 |
| Number of units issued |  | 7 681.7780 |
| Number of units redeemed |  | -50 968.5070 |
| Number of units outstanding at the end of the financial year |  | 381 378.3070 |
| Class |  | Q-acc |
| Number of units outstanding at the beginning of the financial year |  | 529 616.9150 |
| Number of units issued |  | 30 875.9500 |
| Number of units redeemed |  | -117 759.6280 |
| Number of units outstanding at the end of the financial year |  | 442 733.2370 |
| Class |  | Q-dist |
| Number of units outstanding at the beginning of the financial year |  | 304 513.6620 |
| Number of units issued |  | 5 484.6210 |
| Number of units redeemed |  | -55 443.3490 |
| Number of units outstanding at the end of the financial year |  | 254 554.9340 |
| Annual Distribution 1 |  |  |
| UBS (Lux) Strategy Fund – Yield (CHF)	Ex-Date | Pay-Date | Currency	Amount per unit |
| P-dist	1.4.2020 | 6.4.2020 | CHF	11.24 |
| Q-dist	1.4.2020 | 6.4.2020 | CHF	1.70 |
| 1  See note 5 |  |  |

UBS (Lux) Strategy Fund – Yield (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) | 3 995.00 | 1 026 715.00 | 0.06 |
| CHF	SWISS RE AG CHF0.10 | 39 769.00 | 3 128 229.54 | 0.20 |
| CHF	VIFOR PHARMA AG CHF0.01 | 6 291.00 | 762 469.20 | 0.05 |
| Total Switzerland |  | 4 917 413.74 | 0.31 |
| Total Bearer shares |  | 4 917 413.74 | 0.31 |
| Participation certificates |  |  |  |
| Switzerland |  |  |  |
| CHF	LINDT & SPRUENGLI PTG CERT CHF10 | 144.00 | 1 113 120.00 | 0.07 |
| CHF	SCHINDLER-HLDG AG PTG CERT CHF0.10(POST-SUBD) | 5 640.00 | 1 328 220.00 | 0.08 |
| Total Switzerland |  | 2 441 340.00 | 0.15 |
| Total Participation certificates |  | 2 441 340.00 | 0.15 |
| Other shares |  |  |  |
| Switzerland |  |  |  |
| CHF	ROCHE HLDGS AG GENUSSCHEINE NPV | 97 510.00 | 29 950 196.50 | 1.90 |
| Total Switzerland |  | 29 950 196.50 | 1.90 |
| Total Other shares |  | 29 950 196.50 | 1.90 |
| Registered shares |  |  |  |
| Switzerland |  |  |  |
| CHF	ABB LTD CHF0.12 (REGD) | 255 706.00 | 6 735 296.04 | 0.43 |
| CHF	ADECCO GROUP AG CHF0.1 (REGD) | 21 423.00 | 1 196 260.32 | 0.08 |
| CHF	ALCON AG CHF0.04 | 68 254.00 | 4 368 256.00 | 0.28 |
| CHF	BALOISE-HLDGS CHF0.1(REGD) | 6 416.00 | 957 908.80 | 0.06 |
| CHF	BARRY CALLEBAUT AG CHF0.02 (REGD) | 416.00 | 823 264.00 | 0.05 |
| CHF	BQE CANT VAUDOISE CHF1 | 4 230.00 | 399 735.00 | 0.03 |
| CHF	CLARIANT CHF4.00(REGD) | 27 579.00 | 522 897.84 | 0.03 |
| CHF	CREDIT SUISSE GRP CHF0.04(REGD) | 339 388.00 | 3 989 505.94 | 0.25 |
| CHF	EMS-CHEMIE HLDG AG CHF0.01(REGD)(POST RECON) | 1 130.00 | 950 330.00 | 0.06 |
| CHF	GEBERIT CHF0.10(REGD) | 5 143.00 | 2 806 020.80 | 0.18 |
| CHF	GIVAUDAN AG CHF10 | 1 281.00 | 4 606 476.00 | 0.29 |
| CHF	JULIUS BAER GRUPPE CHF0.02 (REGD) | 31 093.00 | 1 679 022.00 | 0.11 |
| CHF	KUEHNE&NAGEL INTL CHF1(REGD)(POST-SUBD) | 7 510.00 | 1 525 281.00 | 0.10 |
| CHF	LAFARGEHOLCIM LTD CHF2 (REGD) | 72 719.00 | 3 508 691.75 | 0.22 |
| CHF	LINDT & SPRUENGLI CHF100(REGD) | 14.00 | 1 163 400.00 | 0.07 |
| CHF	LOGITECH INTL CHF0.25(REGD) (POST-SUBD) | 22 812.00 | 2 118 322.32 | 0.14 |
| CHF	LONZA GROUP AG CHF1(REGD) | 10 338.00 | 5 892 660.00 | 0.37 |
| CHF	NESTLE SA CHF0.10(REGD) | 399 953.00 | 40 011 298.12 | 2.54 |
| CHF	NOVARTIS AG CHF0.50(REGD) | 308 151.00 | 24 815 400.03 | 1.58 |
| CHF	PARTNERS GROUP HLG CHF0.01 (REGD) | 2 595.00 | 2 736 427.50 | 0.17 |
| CHF	RICHEMONT(CIE FIN) CHF1.00 (REG) SER ‘A’ | 72 454.00 | 6 004 987.52 | 0.38 |
| CHF	SCHINDLER-HLDG AG CHF0.1(REGD)(POST-SUBD) | 2 817.00 | 661 431.60 | 0.04 |
| CHF	SGS LTD CHF1(REGD) | 840.00 | 2 275 560.00 | 0.15 |
| CHF	SIKA AG CHF0.01 (REG) | 19 679.00 | 4 770 189.60 | 0.30 |
| CHF	SONOVA HOLDING AG CHF0.05 (REGD) | 7 592.00 | 1 635 316.80 | 0.10 |
| CHF	STRAUMANN HLDG CHF0.1(REGD) | 1 437.00 | 1 422 055.20 | 0.09 |
| CHF	SWATCH GROUP CHF0.45(REGD) | 7 247.00 | 364 161.75 | 0.02 |
| CHF	SWISS LIFE HLDG CHF5.1(REGD) | 4 244.00 | 1 726 883.60 | 0.11 |
| CHF	SWISS PRIME SITE CHF15.3 (REGD) | 10 508.00 | 911 043.60 | 0.06 |
| CHF	SWISSCOM AG CHF1(REGD) | 3 586.00 | 1 740 644.40 | 0.11 |
| CHF	TEMENOS AG CHF5 (REGD) | 9 250.00 | 1 043 862.50 | 0.07 |
| CHF	UBS GROUP CHF0.10 (REGD) | 508 789.00 | 6 550 658.38 | 0.42 |
| CHF	ZURICH INSURANCE GRP CHF0.10 | 20 870.00 | 7 433 894.00 | 0.47 |
| Total Switzerland |  | 147 347 142.41 | 9.36 |
| Total Registered shares |  | 147 347 142.41 | 9.36 |
| Notes, fixed rate |  |  |  |
| CHF |  |  |  |
| CHF	EUROPEAN INVESTMENT BANK 1.62500% 11-23.11.23 | 2 300 000.00 | 2 449 500.00 | 0.16 |
| CHF	EUROPEAN INVESTMENT BANK 1.62500% 14-04.02.25 | 1 950 000.00 | 2 128 425.00 | 0.14 |
| CHF	PFANDBRIEFBK SCHWEIZERI HYPO INST-REG-S 0.12500% 20-14.10.33 | 2 300 000.00 | 2 346 000.00 | 0.15 |
| CHF	SULZER AG 0.87500% 20-18.11.27 | 1 300 000.00 | 1 322 750.00 | 0.08 |
| Total CHF |  | 8 246 675.00 | 0.53 |
| Total Notes, fixed rate |  | 8 246 675.00 | 0.53 |
| Notes, zero coupon |  |  |  |
| CHF |  |  |  |
| CHF	CREDIT SUISSE SCHWEIZ AG-REG-S 0.00000% 20-31.07.25 | 2 400 000.00 | 2 439 600.00 | 0.15 |
| CHF	CREDIT SUISSE SCHWEIZ AG-REG-S 0.00000% 20-31.10.30 | 2 000 000.00 | 2 004 000.00 | 0.13 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO-REG-S 0.00000% 19-16.08.23 | 2 150 000.00 | 2 182 465.00 | 0.14 |
| Total CHF |  | 6 626 065.00 | 0.42 |
| Total Notes, zero coupon |  | 6 626 065.00 | 0.42 |

UBS (Lux) Strategy Fund – Yield (CHF)
Annual report and audited financial statements as of 31 January 2021
| Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Notes, floating rate |  |  |  |
| CHF |  |  |  |
| CHF	HELVETIA SCHWEIZ VERSICHERUNGS-REG-S-SUB 1.750%/VAR 20-PRP | 800 000.00 | 820 800.00 | 0.05 |
| Total CHF |  | 820 800.00 | 0.05 |
| Total Notes, floating rate |  | 820 800.00 | 0.05 |
| Medium term notes, fixed rate |  |  |  |
| CHF |  |  |  |
| CHF	ABN AMRO BANK NV 2.62500% 11-27.04.21 | 700 000.00 | 705 460.00 | 0.05 |
| CHF	ADCB FINANCE CAYMAN LTD-REG-S 0.37500% 18-23.01.23 | 850 000.00 | 854 781.25 | 0.05 |
| CHF	ADCB FINANCE CAYMAN LTD 0.72500% 18-15.02.24 | 800 000.00 | 813 250.00 | 0.05 |
| CHF	AMP GROUP FINANCE SERVICES LTD-REG-S 0.80000% 19-18.07.23 | 2 300 000.00 | 2 298 850.00 | 0.15 |
| CHF	AMP GROUP FINANCE SERVICES LTD-REG-S 0.20310% 20-03.06.24 | 780 000.00 | 763 230.00 | 0.05 |
| CHF	AUCKLAND COUNCIL 1.12500% 13-07.02.24 | 1 250 000.00 | 1 313 125.00 | 0.08 |
| CHF	BANCO DE CREDITO E INVERSIONES-REG-S 0.40000% 19-22.11.24 | 650 000.00 | 654 875.00 | 0.04 |
| CHF	BANCO SANTANDER CHILE-REG-S 0.38400% 19-27.09.24 | 615 000.00 | 618 800.70 | 0.04 |
| CHF	BANK OF MONTREAL-REG-S 0.05000% 18-30.12.22 | 2 400 000.00 | 2 424 000.00 | 0.15 |
| CHF	BANK OF NOVA SCOTIA-REG-S 0.20000% 18-19.11.25 | 950 000.00 | 978 975.00 | 0.06 |
| CHF	BASELLANDSCHAFTLICHE KANTONALBANK 0.05000% 20-28.01.31 | 2 850 000.00 | 2 858 550.00 | 0.18 |
| CHF	BERLIN HYP AG 0.25000% 20-11.09.28 | 2 000 000.00 | 2 042 000.00 | 0.13 |
| CHF	BMW INTERNATIONAL INVESTMENT BV-REG-S 0.30000% 19-05.09.24 | 1 535 000.00 | 1 566 467.50 | 0.10 |
| CHF	BNZ INTERNATIONAL FUND LTD/LONDON-REG-S 0.11100% 20-24.07.28 | 1 050 000.00 | 1 057 350.00 | 0.07 |
| CHF	CAISSE DES DEPOTS ET CONSIGNATIONS 0.25000% 18-30.05.25 | 1 600 000.00 | 1 649 600.00 | 0.11 |
| CHF	CANADIAN IMPERIAL BANK-REG-S 0.15000% 18-31.07.23 | 1 000 000.00 | 1 013 500.00 | 0.06 |
| CHF	CBQ FINANCE LTD-REG-S 0.69700% 18-22.03.21 | 2 350 000.00 | 2 350 734.38 | 0.15 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT 0.19400% 15-19.11.21 | 1 300 000.00 | 1 308 450.00 | 0.08 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT-REG-S 0.20000% 19-25.03.24 | 3 300 000.00 | 3 354 450.00 | 0.21 |
| CHF	CITIGROUP INC-REG-S 0.50000% 19-01.11.28 | 650 000.00 | 667 225.00 | 0.04 |
| CHF	COMPAGNIE DE FINANCEMENT FONCIER 2.50000% 06-24.02.31 | 100 000.00 | 127 100.00 | 0.01 |
| CHF	CORPORACION ANDINA DE FOMENTO 0.50000% 15-26.02.26 | 700 000.00 | 715 750.00 | 0.05 |
| CHF	CORPORACION ANDINA DE FOMENTO 0.45000% 15-07.09.23 | 400 000.00 | 407 200.00 | 0.03 |
| CHF	CREDIT AGRICOLE HOME LOAN SFH SA 0.25000% 15-18.06.26 | 1 300 000.00 | 1 344 850.00 | 0.09 |
| CHF	CREDIT AGRICOLE HOME LOAN SFH SA-REG-S 0.25000% 18-08.12.25 | 1 500 000.00 | 1 548 000.00 | 0.10 |
| CHF	DANSKE BANK AS-REG-S 0.62500% 19-24.11.22 | 2 000 000.00 | 2 022 000.00 | 0.13 |
| CHF	DEUTSCHE BAHN FINANCE BV 1.37500% 13-24.07.23 | 500 000.00 | 525 250.00 | 0.03 |
| CHF	DEUTSCHE BAHN FINANCE GMBH-REG-S 0.50000% 18-18.07.28 | 1 110 000.00 | 1 175 379.00 | 0.08 |
| CHF	DNB BANK ASA-REG-S 0.05000% 19-13.03.24 | 2 500 000.00 | 2 528 750.00 | 0.16 |
| CHF	DVB BANK SE 0.57500% 15-17.06.22 | 1 940 000.00 | 1 952 610.00 | 0.12 |
| CHF	EXPORT-IMPORT BANK OF KOREA-REG-S 0.25300% 18-06.03.23 | 4 800 000.00 | 4 862 400.00 | 0.31 |
| CHF	EXPORT-IMPORT BANK OF KOREA-REG-S 0.38250% 18-11.07.24 | 820 000.00 | 838 860.00 | 0.05 |
| CHF	FIRST ABU DHABI BANK PJSC-REG-S 0.07000% 19-18.10.27 | 3 000 000.00 | 2 982 187.50 | 0.19 |
| CHF	FIRST ABU DHABI BANK PJSC-REG-S 0.20500% 19-04.12.25 | 1 125 000.00 | 1 134 492.19 | 0.07 |
| CHF	HYPO NOE GRUPPE BANK AG-REG-S 0.10000% 19-27.11.24 | 1 200 000.00 | 1 207 800.00 | 0.08 |
| CHF	HYUNDAI CAPITAL SERVICES INC-REG-S 0.75250% 20-06.07.23 | 700 000.00 | 713 356.00 | 0.05 |
| CHF	INSTITUTO DE CREDITO OFICIAL 3.25000% 07-28.06.24 | 1 050 000.00 | 1 182 825.00 | 0.08 |
| CHF	JACKSON NATIONAL LIFE GLOBAL FUND-REG-S 0.30000% 18-18.12.23 | 900 000.00 | 913 500.00 | 0.06 |
| CHF	JACKSON NATIONAL LIFE GLOBAL FUND-REG-S 0.12500% 20-14.07.28 | 1 400 000.00 | 1 400 000.00 | 0.09 |
| CHF	JPMORGAN CHASE & CO 0.50000% 15-04.12.23 | 550 000.00 | 562 925.00 | 0.04 |
| CHF	KOMMUNEKREDIT 2.87500% 06-13.10.31 | 600 000.00 | 801 300.00 | 0.05 |
| CHF	KOREA DEVELOPMENT BANK-REG-S 0.30300% 18-14.06.23 | 200 000.00 | 203 300.00 | 0.01 |
| CHF	KOREA LAND & HOUSING CORP-REG-S 0.19250% 20-15.06.25 | 520 000.00 | 527 150.00 | 0.03 |
| CHF	KOREA NATIONAL OIL CORP-REG-S 0.37300% 18-01.06.23 | 1 700 000.00 | 1 728 900.00 | 0.11 |
| CHF	KOREA WATER RESOURCES CORP-REG-S 0.15000% 18-20.09.23 | 2 600 000.00 | 2 630 062.50 | 0.17 |
| CHF	KREDITANSTALT FUER WIEDERAUFBAU 2.50000% 05-25.08.25 | 1 000 000.00 | 1 145 000.00 | 0.07 |
| CHF	LAFARGEHOLCIM HELVETIA FINANCE-REG-S 1.05000% 20-11.04.22 | 1 200 000.00 | 1 217 040.00 | 0.08 |
| CHF	LUZERNER KANTONALBANK-REG-S 0.10000% 18-08.05.24 | 1 200 000.00 | 1 220 400.00 | 0.08 |
| CHF	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 1.00000% 14-19.09.22 | 1 800 000.00 | 1 845 000.00 | 0.12 |
| CHF	MUENCHENER HYPOTHEKENBANK EG-REG-S 0.50000% 18-14.06.28 | 615 000.00 | 650 977.50 | 0.04 |
| CHF	MUENCHENER HYPOTHEKENBANK EG-REG-S 0.00100% 19-19.02.24 | 2 450 000.00 | 2 492 875.00 | 0.16 |
| CHF	MUENCHENER HYPOTHEKENBANK EG-REG-S 0.20000% 19-18.06.31 | 800 000.00 | 826 400.00 | 0.05 |
| CHF	NATIONAL AUSTRALIA BANK LTD 0.25000% 18-13.03.24 | 3 200 000.00 | 3 262 400.00 | 0.21 |
| CHF	NATIONAL AUSTRALIA BANK LTD-REG-S 0.06500% 20-29.01.29 | 1 000 000.00 | 1 012 000.00 | 0.06 |
| CHF	NATIONWIDE BUILDING SOCIETY-REG-S 0.16750% 19-11.07.31 | 500 000.00 | 513 250.00 | 0.03 |
| CHF	NATWEST MARKETS PLC-REG-S 0.12500% 19-13.09.23 | 1 400 000.00 | 1 407 000.00 | 0.09 |
| CHF	NEDERLANDSE WATERSCHAPSBANK NV 2.37500% 06-27.01.23 | 500 000.00 | 530 500.00 | 0.03 |
| CHF	NEDERLANDSE WATERSCHAPSBANK NV 1.37500% 12-13.09.27 | 1 000 000.00 | 1 118 000.00 | 0.07 |
| CHF	NEW YORK LIFE GLOBAL FUNDING 0.37500% 15-02.02.22 | 1 750 000.00 | 1 768 025.00 | 0.11 |
| CHF	ONTARIO, PROVINCE OF 0.25000% 17-28.06.29 | 800 000.00 | 828 400.00 | 0.05 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 0.25000% 17-12.10.27 | 1 200 000.00 | 1 247 520.00 | 0.08 |
| CHF	PFANDBRIEFBK SCHWEIZER HYPO INST-REG-S 0.12500% 19-08.05.29 | 1 400 000.00 | 1 441 580.00 | 0.09 |
| CHF	SANTANDER CONSUMER FINANCE SA-REG-S 0.15000% 19-10.12.24 | 1 725 000.00 | 1 744 837.50 | 0.11 |
| CHF	SHELL INTERNATIONAL FINANCE BV 0.37500% 15-21.08.23 | 1 000 000.00 | 1 017 000.00 | 0.06 |
| CHF	SYNGENTA FINANCE LTD REG-S 1.62500% 14-01.11.24 | 1 300 000.00 | 1 306 500.00 | 0.08 |
| CHF	TOTAL CAPITAL INTERNATIONAL SA-REG-S 1.00000% 14-29.08.24 | 1 000 000.00 | 1 050 000.00 | 0.07 |
| CHF	TOTAL CAPITAL INTERNATIONAL SA-REG-S 0.28800% 18-13.07.26 | 800 000.00 | 827 200.00 | 0.05 |
| CHF	UBS GROUP AG-REG-S 0.87500% 19-30.01.25 | 1 800 000.00 | 1 862 100.00 | 0.12 |
| CHF	VERIZON COMMUNICATIONS INC-REG-S 0.37500% 17-31.05.23 | 1 000 000.00 | 1 017 000.00 | 0.06 |
| Total CHF |  | 94 680 626.02 | 6.01 |
| Total Medium term notes, fixed rate |  | 94 680 626.02 | 6.01 |
| Medium term notes, zero coupon |  |  |  |
| CHF |  |  |  |
| CHF	BANK OF THE PHILIPPINE ISLANDS-REG-S 0.00000% 19-24.09.21 | 920 000.00 | 917 412.50 | 0.06 |
| CHF	KOREA HYDRO & NUCLEAR POWER CO-REG-S 0.00000% 19-19.07.24 | 2 400 000.00 | 2 416 416.00 | 0.15 |
| CHF	NATIONWIDE BUILDING SOCIETY-REG-S 0.00000% 19-11.07.25 | 1 635 000.00 | 1 664 430.00 | 0.11 |
| Total CHF |  | 4 998 258.50 | 0.32 |
| Total Medium term notes, zero coupon |  | 4 998 258.50 | 0.32 |

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

Bonds, fixed rate
| CHF |  |
| --- | --- |
| CHF | AARGAUISCHE KANTONALBANK 0.15000% 15-18.05.22 | 3 000 000.00 | 3 027 900.00 | 0.19 |
| CHF | AARGAUISCHE KANTONALBANK 0.25000% 18-03.04.25 | 1 550 000.00 | 1 589 525.00 | 0.10 |
| CHF | APPLE INC-REG-S 0.37500% 15-25.11.24 | 530 000.00 | 547 225.00 | 0.04 |
| CHF | ASIAN DEVELOPMENT BANK 2.75000% 10-12.02.30 | 450 000.00 | 580 050.00 | 0.04 |
| CHF | BASELLANDSCHAFTLICHE KANTONALBANK 0.25000% 15-13.05.25 | 1 550 000.00 | 1 591 075.00 | 0.10 |
| CHF | BASLER KANTONALBANK 0.15000% 19-02.04.27 | 1 000 000.00 | 1 022 500.00 | 0.07 |
| CHF | BASLER KANTONALBANK 0.12500% 20-10.09.32 | 675 000.00 | 681 412.50 | 0.04 |
| CHF | CENTRAL AMERICAN BK ECO INTEGRAT 1.12500% 14-24.02.23 | 2 300 000.00 | 2 374 750.00 | 0.15 |
| CHF | COOP-GRUPPE GENOSSENSCHAFT-REG-S 0.75000% 20-05.05.23 | 1 100 000.00 | 1 122 550.00 | 0.07 |
| CHF | DEUTSCHE PFANDBRIEFBANK AG-REG-S 0.12500% 19-05.06.23 | 1 800 000.00 | 1 807 200.00 | 0.12 |
| CHF | EUROPEAN INVESTMENT BANK 2.62500% 10-11.02.25 | 2 750 000.00 | 3 114 375.00 | 0.20 |
| CHF | EUROPEAN INVESTMNT BANK 1.62500% 12-02.04.26 | 950 000.00 | 1 057 825.00 | 0.07 |
| CHF | FREIBURGER KANTONALBANK 0.14000% 20-12.06.30 | 2 700 000.00 | 2 740 500.00 | 0.17 |
| CHF | GENEVA, CANTON OF-REG-S 0.37500% 20-27.02.30 | 1 250 000.00 | 1 306 250.00 | 0.08 |
| CHF | GRAUBUENDNER KANTONALBANK 1.37500% 13-11.03.25 | 2 400 000.00 | 2 578 800.00 | 0.16 |
| CHF | KEB HANA BANK-REG-S 0.40750% 18-14.09.23 | 1 300 000.00 | 1 320 718.75 | 0.08 |
| CHF | KOREA NATIONAL OIL CORP-REG-S 0.87500 20-21.04.25 | 700 000.00 | 732 900.00 | 0.05 |
| CHF | MONDELEZ INTL-REG-S 0.62500% 15-30.12.21 | 800 000.00 | 806 560.00 | 0.05 |
| CHF | NEW BRUNSWICK, PROVINCE OF 0.25000% 17-19.01.29 | 500 000.00 | 517 250.00 | 0.03 |
| CHF | OESTERREICHISCHE KONTROLLBANK AG 2.62500% 06-22.11.24 | 2 000 000.00 | 2 244 000.00 | 0.14 |
| CHF | PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 1.50000% 14-15.12.25 | 2 000 000.00 | 2 191 600.00 | 0.14 |
| CHF | PFANDBRIEFZENTR SCHWEIZ KANTONAL-REG-S 0.25000% 18-20.07.26 | 600 000.00 | 621 720.00 | 0.04 |
| CHF | PFANDBRIEFZENTR SCHWEIZ KANTONAL-REG-S 0.12500% 18-31.10.24 | 850 000.00 | 870 655.00 | 0.06 |
| CHF | PFANDBRIEFZENTR SCHWEIZ KANTONBK-REG-S 0.12500% 20-03.09.35 | 1 800 000.00 | 1 826 460.00 | 0.12 |
| CHF | RAIFFEISEN SCHWEIZ GENOSSENSCHAFT-REG-S 0.18250% 20-11.11.25 | 1 300 000.00 | 1 306 500.00 | 0.08 |
| CHF | ROCHE KAPITALMARKT AG 0.10000% 17-23.09.24 | 2 075 000.00 | 2 117 537.50 | 0.14 |
| CHF | SGS SA-REG-S 0.45000% 20-06.11.23 | 1 000 000.00 | 1 019 000.00 | 0.07 |
| CHF | ST GALLER KANTONALBANK 1.37500% 12-22.06.27 | 1 600 000.00 | 1 764 800.00 | 0.11 |
| CHF | UBS AG/LONDON-REG-S 0.17000% 20-13.05.22 | 2 400 000.00 | 2 422 800.00 | 0.15 |
| CHF | UBS GROUP AG-REG-S 0.75000% 16-22.02.22 | 1 000 000.00 | 1 012 100.00 | 0.06 |
| CHF | UBS GROUP AG-REG-S 0.62500% 17-18.05.24 | 2 000 000.00 | 2 044 000.00 | 0.13 |
| CHF | WALLISER KANTONALBANK 0.25000% 15-16.03.23 | 2 350 000.00 | 2 385 250.00 | 0.15 |
| CHF | ZUERCHER KANTONALBANK 1.50000% 14-27.01.23 | 1 600 000.00 | 1 664 800.00 | 0.11 |
| CHF | ZUERCHER KANTONALBANK 0.04000% 15-09.12.22 | 1 400 000.00 | 1 414 700.00 | 0.09 |
| CHF | ZUERCHER KANTONALBANK 0.03000% 16-11.02.22 | 500 000.00 | 503 250.00 | 0.03 |
| CHF | ZUERICH, CITY OF-REG-S 2.75000% 05-14.02.25 | 1 000 000.00 | 1 132 000.00 | 0.07 |
| CHF | ZUGER KANTONALBANK 0.12500% 19-03.12.29 | 1 400 000.00 | 1 420 300.00 | 0.09 |
| Total CHF |  |  | 56 480 838.75 | 3.59 |
| Total Bonds, fixed rate |  | 56 480 838.75 | 3.59 |
| Bonds, zero coupon |  |  |  |
| CHF |  |  |  |
| CHF	AARGAUISCHE KANTONALBANK 0.00000% 16-08.03.22 | 350 000.00 | 352 100.00 | 0.02 |
| CHF	BALOISE HOLDING AG-REG-S 0.00000% 19-23.09.22 | 1 900 000.00 | 1 896 010.00 | 0.12 |
| CHF	BASEL-STADT, CANTON OF 0.00000% 16-05.09.23 | 1 050 000.00 | 1 067 850.00 | 0.07 |
| CHF	BASEL-STADT, CANTON OF 0.00000% 16-04.09.26 | 700 000.00 | 718 200.00 | 0.05 |
| CHF	BASLER KANTONALBANK-REG-S 0.00000% 18-11.04.22 | 1 150 000.00 | 1 156 785.00 | 0.07 |
| CHF	KOREA NATIONAL OIL CORP-REG-S 0.00000% 19-04.10.24 | 1 550 000.00 | 1 564 531.25 | 0.10 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 0.00000% 16-05.07.22 | 1 000 000.00 | 1 009 000.00 | 0.06 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONALBANKEN 0.00000% 16-27.01.27 | 1 550 000.00 | 1 583 945.00 | 0.10 |
| CHF	VALIANT BANK AG-REG-S 0.00000% 19-31.10.25 | 1 500 000.00 | 1 526 250.00 | 0.10 |
| CHF	WALLISER KANTONALBANK-REG-S 0.00000% 20-14.02.29 | 1 100 000.00 | 1 104 400.00 | 0.07 |
| CHF	ZUERCHER KANTONALBANK 0.00000% 21-21.01.33 | 1 300 000.00 | 1 290 900.00 | 0.08 |
| CHF	ZUERICH, CANTON OF-REG-S 0.00000% 18-14.03.23 | 2 825 000.00 | 2 864 550.00 | 0.18 |
| Total CHF |  | 16 134 521.25 | 1.02 |
| Total Bonds, zero coupon |  | 16 134 521.25 | 1.02 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 16 615 000.00 | 20 919 892.47 | 1.33 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 21 750 000.00 | 21 295 017.24 | 1.35 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.11.27 | 21 600 000.00 | 21 154 910.40 | 1.34 |
| USD	AMERICA, UNITED STATES OF 2.87500% 18-31.05.25 | 2 200 000.00 | 2 170 568.40 | 0.14 |
| USD	AMERICA, UNITED STATES OF 2.75000% 14-15.02.24 | 4 490 000.00 | 4 305 266.81 | 0.27 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 5 500 000.00 | 4 918 028.50 | 0.31 |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 4 710 000.00 | 4 278 726.52 | 0.27 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 2 320 000.00 | 2 130 947.84 | 0.14 |
| USD	AMERICA, UNITED STATES OF 2.12500% 15-15.05.25 | 13 420 000.00 | 12 848 271.12 | 0.82 |
| USD	AMERICA, UNITED STATES OF 1.75000% 19-15.11.29 | 8 850 000.00 | 8 399 464.20 | 0.53 |
| USD	AMERICA, UNITED STATES OF 0.25000% 20-31.07.25 | 3 700 000.00 | 3 274 676.67 | 0.21 |
| Total USD |  | 105 695 770.17 | 6.71 |
| Total Treasury notes, fixed rate |  | 105 695 770.17 | 6.71 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 2 960 000.00 | 3 086 626.38 | 0.20 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 20-15.01.30 | 3 450 000.00 | 3 475 560.20 | 0.22 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 2 750 000.00 | 2 914 069.46 | 0.18 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 3 665 000.00 | 3 961 788.37 | 0.25 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 2 845 000.00 | 3 067 554.95 | 0.19 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 2 810 000.00 | 3 078 733.86 | 0.20 |

UBS (Lux) Strategy Fund – Yield (CHF)
Annual report and audited financial statements as of 31 January 2021
|  | Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 2 950 000.00 | 3 189 268.58 | 0.20 |
| USD | AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 2 715 000.00 | 3 923 468.78 | 0.25 |
| USD | AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 1 585 000.00 | 3 229 095.10 | 0.21 |
| Total USD |  |  | 29 926 165.68 | 1.90 |
| Total Treasury notes, floating rate | 29 926 165.68 | 1.90 |
| Total Transferable securities and money market instruments listed on an official stock exchange | 508 265 813.02 | 32.27 |

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 | 11 875.00 | 0.13 | 0.00 |
| Total Portugal | 0.13 | 0.00 |
| Total Registered shares | 0.13 | 0.00 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market | 0.13 | 0.00 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |  |
| Investment funds, open end |  |  |
| Ireland |  |  |
| USD	ISHRS III PLC-MSCI WORLD SML CAP UCITS ETF-UNHDG USD-ACC	5 792 000.00 | 33 976 001.74 | 2.16 |
| USD	UBS (IRL) INVESTOR SELECTION PLC - GLOB EMER MKT OPP-I-B USD	9 354.00 | 2 783 039.98 | 0.17 |
| Total Ireland | 36 759 041.72 | 2.33 |
| Luxembourg |  |  |
| EUR | UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 216 351.00 | 32 466 845.72 | 2.06 |
| EUR | UBS (LUX) BOND SICAV - EUR CORP SUSTAINABLE (EUR) U-X-ACC | 10 319.00 | 141 950 359.75 | 9.01 |
| USD | UBS (LUX) BOND SICAV - SHORT TERM USD CORPORATES (USD) U-X-A | 1 826.00 | 18 523 337.60 | 1.18 |
| USD | UBS (LUX) BOND SICAV - USD CORPORATES U-X-ACC | 1 053.00 | 12 272 758.20 | 0.78 |
| USD | UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC | 2 529.00 | 47 803 266.44 | 3.03 |
| USD | UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS | 671 748.00 | 66 810 228.93 | 4.24 |
| USD | UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC | 23 126.59 | 253 104 853.86 | 16.07 |
| USD | UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD)-U-X ACC | 8 290.00 | 107 402 076.80 | 6.82 |
| USD | UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC | 4 665.00 | 56 028 560.49 | 3.56 |
| USD | UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC | 1 632.00 | 58 966 818.31 | 3.74 |
| USD | UBS (LUX) EQUITY SICAV - GLOBAL QUANTITATIVE (USD) U-X-ACC | 3 653.00 | 56 107 197.35 | 3.56 |
| USD | UBS (LUX) EQUITY SICAV - GLOBAL OPPORTUNITY (USD) U-X-ACC | 5 892.00 | 58 153 599.19 | 3.69 |
| USD | UBS (LUX) INSTITUTIONAL FUND - KEY SEL. GLOBAL EQUITY FA-USD | 2 061.19 | 55 591 696.59 | 3.53 |
| USD | UBS (LUX) INSTITUTIONAL SICAV - EQUITIES GLB (EX USA) PASSIVE XA | 224 143.00 | 22 450 177.23 | 1.43 |
| Total Luxembourg |  | 987 631 776.46 | 62.70 |
| Total Investment funds, open end |  | 1 024 390 818.18 | 65.03 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  | 1 024 390 818.18 | 65.03 |
| 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 | -842.00 | -349 444.83 | -0.02 |
| EUR	EURO STOXX 50 INDEX CALL 4000.00000 19.03.21 | -842.00 | -4 550.06 | 0.00 |
| EUR	EURO STOXX 50 INDEX CALL 3650.00000 19.03.21 | 842.00 | 358 544.96 | 0.02 |
| Total EUR |  | 4 550.07 | 0.00 |
| Total Options on indices, classic-styled |  | 4 550.07 | 0.00 |
| Total Derivative instruments listed on an official stock exchange |  | 4 550.07 | 0.00 |
| Total investments in securities |  | 1 532 661 181.40 | 97.30 |
| Derivative instruments |  |  |  |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Financial Futures on bonds |  |  |  |
|  |  |  |  |
| USD	US LONG BOND FUTURE 22.03.21 | 201.00 | -1 033 743.00 | -0.06 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.21 | -564.00 | 3 920.05 | 0.00 |
| Total Financial Futures on bonds |  | -1 029 822.95 | -0.06 |

UBS (Lux) Strategy Fund – Yield (CHF) Annual report and audited financial statements as of 31 January 2021
| Description | Quantity/ Nominal | Valuation in CHF Unrealized gain (loss) on Futures/ Forward Exchange Contracts/ Swaps (Note 1) | as a % of net assets |
| --- | --- | --- | --- |
| Financial Futures on Indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.03.21 | 577.00 | -428 748.86 | -0.03 |
| CHF	SWISS MARKET INDEX FUTURE 19.03.21 | -53.00 | 122 630.00 | 0.01 |
| GBP	FTSE 100 INDEX FUTURE 19.03.21 | 275.00 | -560 048.04 | -0.04 |
| SEK	OMX 30 INDEX FUTURE 19.02.21 | -158.00 | 22 508.17 | 0.00 |
| USD	S&P500 EMINI FUTURE 19.03.21 | -108.00 | 249 550.59 | 0.02 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 19.03.21 | 392.00 | -182 141.15 | -0.01 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 11.03.21 | -85.00 | -741 028.86 | -0.05 |
| AUD	SPI 200 INDEX FUTURES 18.03.21 | -46.00 | 49 450.43 | 0.01 |
| CAD	S&P/TSX 60 INDEX FUTURE 18.03.21 | -59.00 | 39 607.73 | 0.00 |
| HKD	HANG SENG INDEX FUTURE 25.02.21 | -21.00 | 183 350.18 | 0.01 |
| Total Financial Futures on Indices |  | -1 244 869.81 | -0.08 |
| Total Derivative instruments listed on an official stock exchange |  | -2 274 692.76 | -0.14 |
| Total Derivative instruments |  | -2 274 692.76 | -0.14 |
| Forward Foreign Exchange contracts |  |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| GBP | 900 000.00 | CHF | 1 081 186.20 | 4.2.2021 | 18 151.24 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 1 000 000.00 | CHF | 1 079 447.00 | 4.2.2021 | 1 292.67 | 0.00 |
| CHF | 1 637 200.80 | USD | 1 800 000.00 | 4.2.2021 | 36 091.82 | 0.00 |
| CHF | 10 514 661.32 | JPY | 1 205 885 500.00 | 4.2.2021 | 268 977.10 | 0.02 |
| CHF | 6 251 299.91 | HKD | 53 350 000.00 | 4.2.2021 | 131 122.43 | 0.01 |
| SGD | 8 789 000.00 | CHF | 5 943 123.45 | 4.2.2021 | -52 255.40 | 0.00 |
| CHF | 105 829 369.70 | EUR | 97 998 632.20 | 4.2.2021 | -81 639.75 | -0.01 |
| CHF | 8 323 272.81 | AUD | 12 503 350.41 | 4.2.2021 | -210 089.39 | -0.01 |
| GBP | 17 743 360.18 | CHF | 21 329 027.12 | 4.2.2021 | 344 239.71 | 0.02 |
| CHF | 98 964.09 | NZD | 158 000.00 | 4.2.2021 | -2 324.38 | 0.00 |
| CHF | 1 130 326.22 | SEK | 10 705 810.20 | 4.2.2021 | -12 841.35 | 0.00 |
| CHF | 783 391.69 | NOK | 7 800 607.07 | 4.2.2021 | -27 870.74 | 0.00 |
| CHF | 1 207 109.83 | CAD | 1 738 179.19 | 4.2.2021 | -3 216.34 | 0.00 |
| CHF | 2 468 567.37 | DKK | 17 022 500.00 | 4.2.2021 | -4 897.36 | 0.00 |
| CHF | 363 982 179.56 | USD | 400 773 155.21 | 4.2.2021 | 7 492 458.17 | 0.48 |
| EUR | 900 000.00 | CHF | 972 503.10 | 4.2.2021 | 162.60 | 0.00 |
| USD | 900 000.00 | CHF | 818 120.70 | 4.2.2021 | -17 566.21 | 0.00 |
| USD | 700 000.00 | CHF | 637 714.00 | 4.2.2021 | -15 060.51 | 0.00 |
| EUR | 500 000.00 | CHF | 541 583.50 | 4.2.2021 | -1 213.66 | 0.00 |
| GBP | 380 000.00 | CHF | 461 569.66 | 4.2.2021 | 2 595.04 | 0.00 |
| JPY | 27 000 000.00 | CHF | 235 135.93 | 4.2.2021 | -5 733.16 | 0.00 |
| GBP | 250 000.00 | CHF | 303 779.00 | 4.2.2021 | 1 592.51 | 0.00 |
| CHF | 239 302.52 | JPY | 27 500 000.00 | 4.2.2021 | 5 651.55 | 0.00 |
| USD | 300 000.00 | CHF | 271 485.00 | 4.2.2021 | -4 633.50 | 0.00 |
| USD | 900 000.00 | CHF | 813 061.80 | 4.2.2021 | -12 507.31 | 0.00 |
| USD | 1 200 000.00 | CHF | 1 084 616.40 | 4.2.2021 | -17 210.41 | 0.00 |
| CHF | 302 983.00 | GBP | 250 000.00 | 4.2.2021 | -2 388.51 | 0.00 |
| CHF | 813 443.22 | JPY | 95 000 000.00 | 4.2.2021 | 6 285.33 | 0.00 |
| JPY | 40 000 000.00 | CHF | 343 008.46 | 4.2.2021 | -3 152.50 | 0.00 |
| USD | 2 000 000.00 | CHF | 1 777 620.00 | 4.2.2021 | 1 389.98 | 0.00 |
| CAD | 4 500 000.00 | JPY | 366 622 200.00 | 4.2.2021 | 18 465.86 | 0.00 |
| NOK | 46 900 000.00 | USD | 5 313 014.73 | 4.2.2021 | 151 658.87 | 0.01 |
| AUD | 7 100 000.00 | JPY | 556 699 193.00 | 4.2.2021 | 115 721.60 | 0.01 |
| JPY | 200 000 000.00 | CHF | 1 705 541.79 | 4.2.2021 | -6 262.01 | 0.00 |
| CHF | 808 007.55 | EUR | 750 000.00 | 4.2.2021 | -2 547.20 | 0.00 |
| HKD | 6 000 000.00 | CHF | 686 049.00 | 4.2.2021 | 2 255.87 | 0.00 |
| CHF | 16 579 140.50 | GBP | 14 050 000.00 | 4.2.2021 | -582 738.42 | -0.04 |
| CHF | 14 171 318.40 | USD | 16 000 000.00 | 4.2.2021 | -60 761.44 | 0.00 |
| USD | 8 200 000.00 | CHF | 7 254 515.40 | 4.2.2021 | 39 425.52 | 0.00 |
| CHF | 1 188 946.00 | EUR | 1 100 000.00 | 4.2.2021 | 132.36 | 0.00 |
| CHF | 159 494.47 | SEK | 1 500 000.00 | 4.2.2021 | -675.69 | 0.00 |
| USD | 2 000 000.00 | CHF | 1 764 052.00 | 4.2.2021 | 14 957.98 | 0.00 |
| USD | 10 400 000.00 | CHF | 9 190 105.60 | 4.2.2021 | 60 746.30 | 0.01 |
| GBP | 800 000.00 | CHF | 943 595.20 | 4.2.2021 | 33 593.64 | 0.00 |
| USD | 1 000 000.00 | CHF | 889 097.00 | 4.2.2021 | 407.99 | 0.00 |
| GBP | 500 000.00 | CHF | 599 585.00 | 4.2.2021 | 11 158.02 | 0.00 |
| CHF | 22 669.99 | HKD | 200 000.00 | 4.2.2021 | -273.51 | 0.00 |
| EUR | 1 000 000.00 | CHF | 1 081 310.00 | 4.2.2021 | -570.33 | 0.00 |
| USD | 600 000.00 | CHF | 527 434.80 | 4.2.2021 | 6 268.19 | 0.00 |
| USD | 600 000.00 | CHF | 526 800.00 | 19.3.2021 | 6 251.35 | 0.00 |
| CHF | 14 174.06 | HKD | 125 000.00 | 4.2.2021 | -165.62 | 0.00 |
| CHF | 14 158.06 | HKD | 125 000.00 | 19.3.2021 | -165.07 | 0.00 |
| GBP | 600 000.00 | CHF | 715 770.60 | 19.3.2021 | 16 389.37 | 0.00 |
| GBP | 600 000.00 | CHF | 716 478.60 | 4.2.2021 | 16 413.03 | 0.00 |
| CHF | 104 340 340.01 | EUR | 96 558 140.15 | 19.3.2021 | 16 694.30 | 0.00 |
| GBP | 6 743 332.50 | CHF | 8 060 480.66 | 19.3.2021 | 168 182.86 | 0.01 |
| CHF | 17 059 260.06 | JPY | 2 003 942 750.00 | 19.3.2021 | 46 350.72 | 0.00 |
| CHF | 5 363 266.26 | HKD | 47 550 000.00 | 19.3.2021 | -85 252.96 | -0.01 |
| CHF | 2 637 283.72 | AUD | 3 858 481.56 | 19.3.2021 | 6 492.17 | 0.00 |
| SGD | 6 405 000.00 | CHF | 4 254 702.92 | 19.3.2021 | 32 973.98 | 0.00 |
| CHF | 401 303 790.34 | USD | 458 850 529.50 | 19.3.2021 | -6 347 702.90 | -0.40 |
| CHF | 95 860.80 | NZD | 150 000.00 | 19.3.2021 | -182.11 | 0.00 |
| CHF | 1 774 485.17 | CAD | 2 567 438.58 | 19.3.2021 | -11 262.25 | 0.00 |
| NOK | 39 524 090.12 | CHF | 4 110 873.74 | 19.3.2021 | -5 821.48 | 0.00 |
| CHF | 1 962 186.20 | DKK | 13 505 500.00 | 19.3.2021 | 624.24 | 0.00 |
| CHF | 1 236 556.97 | SEK | 11 519 548.30 | 19.3.2021 | 7 441.64 | 0.00 |
| CHF | 5 644.39 | HKD | 50 000.00 | 4.2.2021 | -91.48 | 0.00 |
| CHF | 5 637.83 | HKD | 50 000.00 | 19.3.2021 | -91.42 | 0.00 |
| CHF | 2 779 158.38 | USD | 3 150 000.00 | 4.2.2021 | -22 782.34 | 0.00 |
| CHF | 2 775 718.26 | USD | 3 150 000.00 | 19.3.2021 | -22 801.35 | 0.00 |
| CHF | 114 825.39 | HKD | 1 000 000.00 | 4.2.2021 | 107.91 | 0.00 |
| CHF | 114 691.29 | HKD | 1 000 000.00 | 19.3.2021 | 106.24 | 0.00 |

UBS (Lux) Strategy Fund – Yield (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 | 811 235.70 | JPY | 95 000 000.00 | 19.3.2021 | 4 712.47 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 811 875.60 | JPY | 95 000 000.00 | 4.2.2021 | 4 717.71 | 0.00 |
| CHF | 265 990.07 | SEK | 2 500 000.00 | 4.2.2021 | -960.20 | 0.00 |
| CHF | 265 775.62 | SEK | 2 500 000.00 | 19.3.2021 | -969.94 | 0.00 |
| CHF | 1 390 516.41 | GBP | 1 150 000.00 | 4.2.2021 | -14 192.54 | 0.00 |
| CHF | 1 389 103.86 | GBP | 1 150 000.00 | 19.3.2021 | -14 202.75 | 0.00 |
| HKD | 5 000 000.00 | CHF | 573 989.75 | 4.2.2021 | -402.36 | 0.00 |
| CHF | 1 200 046.15 | JPY | 140 000 000.00 | 4.2.2021 | 10 550.31 | 0.00 |
| HKD | 5 000 000.00 | CHF | 573 349.32 | 19.3.2021 | -424.06 | 0.00 |
| CHF | 1 199 092.83 | JPY | 140 000 000.00 | 19.3.2021 | 10 532.27 | 0.00 |
| CHF | 1 882 816.08 | EUR | 1 750 000.00 | 19.3.2021 | -7 924.36 | 0.00 |
| CHF | 1 883 372.40 | EUR | 1 750 000.00 | 4.2.2021 | -7 922.02 | 0.00 |
| CHF | 4 308 934.00 | USD | 4 850 000.00 | 19.3.2021 | 102.22 | 0.00 |
| CHF | 4 314 207.41 | USD | 4 850 000.00 | 4.2.2021 | 108.21 | 0.00 |
| USD | 1 100 000.00 | CHF | 979 836.00 | 4.2.2021 | -1 380.51 | 0.00 |
| USD | 1 000 000.00 | CHF | 889 669.00 | 19.3.2021 | -1 250.08 | 0.00 |
| INR | 882 000 000.00 | USD | 11 961 592.71 | 26.3.2021 | 47 644.92 | 0.00 |
| IDR | 173 611 700 000.00 | USD | 12 262 445.26 | 26.3.2021 | 54 234.11 | 0.00 |
| RUB | 521 700 000.00 | USD | 7 025 931.44 | 26.3.2021 | -135 659.90 | -0.01 |
| USD | 12 437 882.61 | TWD | 345 400 000.00 | 26.3.2021 | 24 774.99 | 0.00 |
| CHF | 171 677.99 | HKD | 1 500 000.00 | 4.2.2021 | -398.23 | 0.00 |
| CHF | 171 479.21 | HKD | 1 500 000.00 | 19.3.2021 | -398.37 | 0.00 |
| USD | 3 200 000.00 | CHF | 2 839 142.40 | 4.2.2021 | 7 273.57 | 0.00 |
| USD | 3 200 000.00 | CHF | 2 835 635.20 | 19.3.2021 | 7 305.35 | 0.00 |
| CHF | 852 112.80 | GBP | 700 000.00 | 19.3.2021 | -2 073.83 | 0.00 |
| USD | 1 300 000.00 | CHF | 1 154 852.40 | 4.2.2021 | 1 504.09 | 0.00 |
| CHF | 852 985.00 | GBP | 700 000.00 | 4.2.2021 | -2 055.23 | 0.00 |
| USD | 1 300 000.00 | CHF | 1 153 447.10 | 19.3.2021 | 1 497.50 | 0.00 |
| USD | 1 300 000.00 | CHF | 1 155 117.60 | 4.2.2021 | 1 238.89 | 0.00 |
| USD | 1 200 000.00 | CHF | 1 064 959.20 | 19.3.2021 | 1 143.51 | 0.00 |
| Total Forward Foreign Exchange contracts | 1 445 207.84 | 0.09 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 44 676 479.19 | 2.84 |
| Other assets and liabilities | -1 321 101.23 | -0.09 |
| Total net assets | 1 575 187 074.44 | 100.00 |

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

Translation (ENFR, 2021-01-31):
# UBS (Lux) Strategy Fund – Yield (CHF)
| Comparaison sur trois ans |  |
| --- | --- |
|  | ISIN | 31.1.2021 | 31.1.2020 | 31.1.2019 |
| Actif net en CHF |  | 1 575 187 074.44 | 1 725 651 254.04 | 1 851 760 996.26 |
| Catégorie K-1-acc | LU0939686621 |  |  |  |
| Parts en circulation |  | 1.3000 | 1.3000 | 1.4000 |
| Valeur nette d’inventaire par part en CHF |  | 6 041 393.68 | 5 914 176.16 | 5 600 630.20 |
| Prix d’émission et de rachat par part en CHF 1 |  | 6 041 393.68 | 5 914 176.16 | 5 600 630.20 |
| Catégorie P-acc | LU0033035865 |  |  |  |
| Parts en circulation |  | 458 906.7500 | 505 805.3810 | 566 356.4400 |
| Valeur nette d’inventaire par part en CHF |  | 2 249.86 | 2 214.35 | 2 108.30 |
| Prix d’émission et de rachat par part en CHF 1 |  | 2 249.86 | 2 214.35 | 2 108.30 |
| Catégorie P-dist | LU0033035352 |  |  |  |
| Parts en circulation |  | 381 378.3070 | 424 665.0360 | 483 938.7650 |
| Valeur nette d’inventaire par part en CHF |  | 1 202.40 | 1 196.36 | 1 152.82 |
| Prix d’émission et de rachat par part en CHF 1 |  | 1 202.40 | 1 196.36 | 1 152.82 |
| Catégorie Q-acc | LU0941351768 |  |  |  |
| Parts en circulation |  | 442 733.2370 | 529 616.9150 | 551 954.9400 |
| Valeur nette d’inventaire par part en CHF |  | 113.90 | 111.45 | 105.49 |
| Prix d’émission et de rachat par part en CHF 1 |  | 113.90 | 111.45 | 105.49 |
| Catégorie Q-dist | LU1240800372 |  |  |  |
| Parts en circulation |  | 254 554.9340 | 304 513.6620 | 345 645.2480 |
| Valeur nette d’inventaire par part en CHF |  | 101.57 | 101.34 | 97.64 |
| Prix d’émission et de rachat par part en CHF 1 |  | 101.57 | 101.34 | 97.64 |
| 1  Voir note 1 |  |  |  |  |
| Performance |  |  |  |  |
|  | Devise | 2020/2021 | 2019/2020 | 2018/2019 |
| Catégorie K-1-acc | CHF | 2.2% | 5.6% | -3.8% |
| Catégorie P-acc | CHF | 1.6% | 5.0% | -4.3% |
| Catégorie P-dist | CHF | 1.6% | 5.0% | -4.3% |
| Catégorie Q-acc | CHF | 2.2% | 5.6% | -3.7% |
| Catégorie Q-dist | CHF | 2.2% | 5.7% | -3.7% |
| La performance historique n’est pas un indicateur de la performance actuelle ou future. |  |  |  |  |

Les données de performance ne tiennent pas compte des commissions et des frais prélevés lors de l’émission et du rachat des parts. Les données de performance ne sont pas auditées.
Le compartiment n’a pas d’indice de référence.

## Rapport du Gestionnaire de portefeuille
Au premier trimestre, le Covid-19 a fait plonger l’écono- mie mondiale dans la plus forte récession des dernières décennies. Les plans d’aide successifs des gouvernements ont stabilisé l’activité économique et ont contribué à une solide reprise sur l’ensemble des marchés financiers in- ternationaux.
Plusieurs annonces d’avancées dans le secteur pharma- ceutique ont encore amélioré l’opinion des investisseurs vers la fin de l’année, même si le scepticisme vis-à-vis de la mise en œuvre des programmes de vaccination a quelque peu réduit l’espoir de voir une normalisation ra- pide de la situation en 2021.
En raison de sa nature 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.
UBS (Lux) Strategy Fund – Yield (CHF)
Rapport annuel et états financiers révisés au 31 janvier 2021

## Structure du portefeuille-titres
Répartition selon les devises en % de l’actif net	
USD	62.57
CHF	23.66
EUR	11.07
Répartition selon les instruments de placement en % de l’actif net	
| Fonds d’investissement, ouvert | 65.03 |
| --- | --- |
| Actions nominatives | 9.36 |
| Bons du Trésor à moyen terme, taux fixe | 6.71 |
| Medium-Term Notes, taux fixe | 6.01 |
| Obligations, taux fixe | 3.59 |
| Autres actions | 1.90 |
| Bons du Trésor à moyen terme, taux variable | 1.90 |
| Obligations, coupon zéro | 1.02 |
| Billets, taux fixe | 0.53 |
| Notes, coupon zéro | 0.42 |
| Medium-Term Notes, coupon zéro | 0.32 |
| Actions au porteur | 0.31 |
| Bons de participation | 0.15 |
| Billets, taux variable | 0.05 |
| Total | 97.30 |


## Etat des actifs nets
Actif	31.1.2021
CHF
Portefeuille-titres, cours d’achat	1 364 236 455.22
| Portefeuille-titres, plus-/(moins)-value non réalisée | 	168 424 726.18	 |
| --- | --- |
| Total du Portefeuille-titres (note 1) | 1 532 661 181.40 |
| Avoirs en banque, dépôts à vue et à terme | 31 382 599.91 |
| Autres liquidités (marges) | 13 293 879.28 |
| Créances sur souscriptions | 190 012.60 |
| Intérêts à recevoir sur titres | 1 415 778.72 |
| Intérêts à recevoir sur liquidités | 1 916.24 |
| Autres créances | 2 860.24 |
| Bénéfice non réalisé(e) sur contrats de change à terme (note 1) | 1 445 207.84 |
| Total de l’Actif | 1 580 393 436.23 |
|  |  |
| Passif |  |
| Perte non réalisé(e) sur contrats financiers à terme (note 1) | -2 274 692.76 |
| Intérêts à payer sur crédit en compte courant | -328.11 |
| Engagements sur achats de titres (note 1) | -2 500.00 |
| Engagements sur rachats | -1 816 054.84 |
| Provisions pour commission de gestion forfaitaire (note 2) | -858 229.81 |
| Provisions pour taxe d’abonnement (note 3) | -23 665.44 |
| Provisions pour autres commissions et frais (note 2) | 	-230 890.83	 |
| Total des Provisions pour frais | -1 112 786.08 |
| Total du Passif | -5 206 361.79 |
|  |  |
| Actif net à la fin de l’exercice | 1 575 187 074.44 |
| Etat des opérations | CHF |
| Revenus | 1.2.2020-31.1.2021 |
| Revenus d’intérêts sur liquidités | 14 012.01 |
| Intérêts sur titres | 3 447 374.69 |
| Dividendes | 6 669 620.14 |
| Revenus d’intérêts sur swaps (note 1) | 105 624.23 |
| Revenus sur prêts de titres (note 15) | 149 683.90 |
| Total des Revenus | 10 386 314.97 |
|  |  |
| Charges |  |
| Charges d’intérêts sur swaps (note 1) | -31 123.37 |
| Commission de gestion forfaitaire (note 2) | -22 114 789.13 |
| Taxe d’abonnement (note 3) | -286 218.79 |
| Frais sur prêts de titres (note 15) | -59 873.56 |
| Autres commissions et frais (note 2) | -198 273.63 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -120 419.77 |
| Total des Charges | -22 810 698.25 |
|  |  |
| Revenus/pertes net(te)s de placements | -12 424 383.28 |
|  |  |
| Bénéfices/(pertes) réalisé(e)s (note 1) |  |
| Bénéfice/(perte) réalisé(e) sur titres évalués à la valeur de marché hors options | 58 599 213.67 |
| Bénéfice/perte réalisé(e) sur options | 8 955 880.78 |
| Bénéfice/(perte) réalisé(e) sur instruments du marché monétaire et titres évalués en fonction des rendements | -57 726.79 |
| Bénéfice/perte réalisé(e) sur contrats financiers à terme | -27 770 802.77 |
| Bénéfice/(perte) réalisé(e) sur contrats de change à terme | 62 880 517.25 |
| Bénéfice/(perte) réalisé(e) sur swaps | 584 478.65 |
| Bénéfice/(perte) de change réalisé(e) | -11 264 232.43 |
| Total des Bénéfices/(pertes) réalisé(e)s | 91 927 328.36 |
|  |  |
| Bénéfice/(perte) net(te) réalisé(e) au cours de l’exercice | 79 502 945.08 |
|  |  |
| 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 | -53 679 155.95 |
| Plus-/(moins)-value non réalisée sur options | -132 633.55 |
| Plus-/(moins)-value non réalisée sur instruments du marché monétaire et titres évalués en fonction des rendements | -26 730.65 |
| Plus-/(moins)-value non réalisée sur contrats financiers à terme | 1 697 842.11 |
| Plus-/(moins)-value non réalisée sur contrats de change à terme | -7 900 297.76 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | -60 040 975.80 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 19 461 969.28 |

UBS (Lux) Strategy Fund – Yield (CHF) Rapport annuel et états financiers révisés au 31 janvier 2021
| Fluctuations de l’actif net |  |
| --- | --- |
|  |  | CHF |
|  |  | 1.2.2020-31.1.2021 |
| Actif net au début de l’exercice |  | 1 725 651 254.04 |
| Souscriptions |  | 45 743 355.51 |
| Rachats |  | 	-210 482 632.24	 |
| Total des Entrées/(sorties) de capitaux |  | -164 739 276.73 |
| Dividendes versés |  | -5 186 872.15 |
| Revenus/pertes net(te)s de placements |  | -12 424 383.28 |
| Total des Bénéfices/(pertes) réalisé(e)s |  | 91 927 328.36 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée |  | 	-60 040 975.80	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité |  | 19 461 969.28 |
| Actif net à la fin de l’exercice |  | 1 575 187 074.44 |
| 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 |  | 1.3000 |
| Nombre de parts émises |  | 0.0000 |
| Nombre de parts rachetées |  | 0.0000 |
| Nombre de parts en circulation à la fin de l’exercice |  | 1.3000 |
| Catégorie |  | P-acc |
| Nombre de parts en circulation au début de l’exercice |  | 505 805.3810 |
| Nombre de parts émises |  | 15 469.4740 |
| Nombre de parts rachetées |  | -62 368.1050 |
| Nombre de parts en circulation à la fin de l’exercice |  | 458 906.7500 |
| Catégorie |  | P-dist |
| Nombre de parts en circulation au début de l’exercice |  | 424 665.0360 |
| Nombre de parts émises |  | 7 681.7780 |
| Nombre de parts rachetées |  | -50 968.5070 |
| Nombre de parts en circulation à la fin de l’exercice |  | 381 378.3070 |
| Catégorie |  | Q-acc |
| Nombre de parts en circulation au début de l’exercice |  | 529 616.9150 |
| Nombre de parts émises |  | 30 875.9500 |
| Nombre de parts rachetées |  | -117 759.6280 |
| Nombre de parts en circulation à la fin de l’exercice |  | 442 733.2370 |
| Catégorie |  | Q-dist |
| Nombre de parts en circulation au début de l’exercice |  | 304 513.6620 |
| Nombre de parts émises |  | 5 484.6210 |
| Nombre de parts rachetées |  | -55 443.3490 |
| Nombre de parts en circulation à la fin de l’exercice |  | 254 554.9340 |
| Distribution annuelle 1 |  |  |
| UBS (Lux) Strategy Fund – Yield (CHF)	Date de détachement | Date de versement | Devise	Montant par part |
| P-dist	1.4.2020 | 6.4.2020 | CHF	11.24 |
| Q-dist	1.4.2020 | 6.4.2020 | CHF	1.70 |
| 1  Voir note 5 |  |  |

UBS (Lux) Strategy Fund – Yield (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) | 3 995.00 | 1 026 715.00 | 0.06 |
| CHF	SWISS RE AG CHF0.10 | 39 769.00 | 3 128 229.54 | 0.20 |
| CHF	VIFOR PHARMA AG CHF0.01 | 6 291.00 | 762 469.20 | 0.05 |
| Total Suisse |  | 4 917 413.74 | 0.31 |
| Total des Actions au porteur |  | 4 917 413.74 | 0.31 |
| Bons de participation |  |  |  |
| Suisse |  |  |  |
| CHF	LINDT & SPRUENGLI PTG CERT CHF10 | 144.00 | 1 113 120.00 | 0.07 |
| CHF	SCHINDLER-HLDG AG PTG CERT CHF0.10(POST-SUBD) | 5 640.00 | 1 328 220.00 | 0.08 |
| Total Suisse |  | 2 441 340.00 | 0.15 |
| Total des Bons de participation |  | 2 441 340.00 | 0.15 |
| Autres actions |  |  |  |
| Suisse |  |  |  |
| CHF	ROCHE HLDGS AG GENUSSCHEINE NPV	97 510.00 | 29 950 196.50 | 1.90 |
| Total Suisse | 29 950 196.50 | 1.90 |
| Total des Autres actions | 29 950 196.50 | 1.90 |
| Actions nominatives |  |  |  |
| Suisse |  |  |  |  |
| CHF | ABB LTD CHF0.12 (REGD) | 255 706.00 | 6 735 296.04 | 0.43 |
| CHF | ADECCO GROUP AG CHF0.1 (REGD) | 21 423.00 | 1 196 260.32 | 0.08 |
| CHF | ALCON AG CHF0.04 | 68 254.00 | 4 368 256.00 | 0.28 |
| CHF | BALOISE-HLDGS CHF0.1(REGD) | 6 416.00 | 957 908.80 | 0.06 |
| CHF | BARRY CALLEBAUT AG CHF0.02 (REGD) | 416.00 | 823 264.00 | 0.05 |
| CHF | BQE CANT VAUDOISE CHF1 | 4 230.00 | 399 735.00 | 0.03 |
| CHF | CLARIANT CHF4.00(REGD) | 27 579.00 | 522 897.84 | 0.03 |
| CHF | CREDIT SUISSE GRP CHF0.04(REGD) | 339 388.00 | 3 989 505.94 | 0.25 |
| CHF | EMS-CHEMIE HLDG AG CHF0.01(REGD)(POST RECON) | 1 130.00 | 950 330.00 | 0.06 |
| CHF | GEBERIT CHF0.10(REGD) | 5 143.00 | 2 806 020.80 | 0.18 |
| CHF | GIVAUDAN AG CHF10 | 1 281.00 | 4 606 476.00 | 0.29 |
| CHF | JULIUS BAER GRUPPE CHF0.02 (REGD) | 31 093.00 | 1 679 022.00 | 0.11 |
| CHF | KUEHNE&NAGEL INTL CHF1(REGD)(POST-SUBD) | 7 510.00 | 1 525 281.00 | 0.10 |
| CHF | LAFARGEHOLCIM LTD CHF2 (REGD) | 72 719.00 | 3 508 691.75 | 0.22 |
| CHF | LINDT & SPRUENGLI CHF100(REGD) | 14.00 | 1 163 400.00 | 0.07 |
| CHF | LOGITECH INTL CHF0.25(REGD) (POST-SUBD) | 22 812.00 | 2 118 322.32 | 0.14 |
| CHF | LONZA GROUP AG CHF1(REGD) | 10 338.00 | 5 892 660.00 | 0.37 |
| CHF | NESTLE SA CHF0.10(REGD) | 399 953.00 | 40 011 298.12 | 2.54 |
| CHF | NOVARTIS AG CHF0.50(REGD) | 308 151.00 | 24 815 400.03 | 1.58 |
| CHF | PARTNERS GROUP HLG CHF0.01 (REGD) | 2 595.00 | 2 736 427.50 | 0.17 |
| CHF | RICHEMONT(CIE FIN) CHF1.00 (REG) SER ‘A’ | 72 454.00 | 6 004 987.52 | 0.38 |
| CHF | SCHINDLER-HLDG AG CHF0.1(REGD)(POST-SUBD) | 2 817.00 | 661 431.60 | 0.04 |
| CHF | SGS LTD CHF1(REGD) | 840.00 | 2 275 560.00 | 0.15 |
| CHF | SIKA AG CHF0.01 (REG) | 19 679.00 | 4 770 189.60 | 0.30 |
| CHF | SONOVA HOLDING AG CHF0.05 (REGD) | 7 592.00 | 1 635 316.80 | 0.10 |
| CHF | STRAUMANN HLDG CHF0.1(REGD) | 1 437.00 | 1 422 055.20 | 0.09 |
| CHF | SWATCH GROUP CHF0.45(REGD) | 7 247.00 | 364 161.75 | 0.02 |
| CHF | SWISS LIFE HLDG CHF5.1(REGD) | 4 244.00 | 1 726 883.60 | 0.11 |
| CHF | SWISS PRIME SITE CHF15.3 (REGD) | 10 508.00 | 911 043.60 | 0.06 |
| CHF | SWISSCOM AG CHF1(REGD) | 3 586.00 | 1 740 644.40 | 0.11 |
| CHF | TEMENOS AG CHF5 (REGD) | 9 250.00 | 1 043 862.50 | 0.07 |
| CHF | UBS GROUP CHF0.10 (REGD) | 508 789.00 | 6 550 658.38 | 0.42 |
| CHF | ZURICH INSURANCE GRP CHF0.10 | 20 870.00 | 7 433 894.00 | 0.47 |
| Total Suisse |  | 147 347 142.41 | 9.36 |
| Total des Actions nominatives |  | 147 347 142.41 | 9.36 |
| Billets, taux fixe |  |  |  |
| CHF |  |  |  |
| CHF	EUROPEAN INVESTMENT BANK 1.62500% 11-23.11.23 | 2 300 000.00 | 2 449 500.00 | 0.16 |
| CHF	EUROPEAN INVESTMENT BANK 1.62500% 14-04.02.25 | 1 950 000.00 | 2 128 425.00 | 0.14 |
| CHF	PFANDBRIEFBK SCHWEIZERI HYPO INST-REG-S 0.12500% 20-14.10.33 | 2 300 000.00 | 2 346 000.00 | 0.15 |
| CHF	SULZER AG 0.87500% 20-18.11.27 | 1 300 000.00 | 1 322 750.00 | 0.08 |
| Total CHF |  | 8 246 675.00 | 0.53 |
| Total des Billets, taux fixe |  | 8 246 675.00 | 0.53 |
| Billets, coupon zéro |  |  |  |
| CHF |  |  |  |
| CHF	CREDIT SUISSE SCHWEIZ AG-REG-S 0.00000% 20-31.07.25 | 2 400 000.00 | 2 439 600.00 | 0.15 |
| CHF	CREDIT SUISSE SCHWEIZ AG-REG-S 0.00000% 20-31.10.30 | 2 000 000.00 | 2 004 000.00 | 0.13 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO-REG-S 0.00000% 19-16.08.23 | 2 150 000.00 | 2 182 465.00 | 0.14 |
| Total CHF |  | 6 626 065.00 | 0.42 |
| Total des Billets, coupon zéro |  | 6 626 065.00 | 0.42 |

UBS (Lux) Strategy Fund – Yield (CHF) Rapport annuel et états financiers révisés au 31 janvier 2021
| Dénomination | Nombre/ | Evaluation en CHF | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
| Billets, taux variable |  |  |  |
| CHF |  |  |  |
| CHF	HELVETIA SCHWEIZ VERSICHERUNGS-REG-S-SUB 1.750%/VAR 20-PRP | 800 000.00 | 820 800.00 | 0.05 |
| Total CHF |  | 820 800.00 | 0.05 |
| Total des Billets, taux variable |  | 820 800.00 | 0.05 |
| Medium-Term Notes, taux fixe |  |  |  |
| CHF |  |  |  |
| CHF	ABN AMRO BANK NV 2.62500% 11-27.04.21 | 700 000.00 | 705 460.00 | 0.05 |
| CHF	ADCB FINANCE CAYMAN LTD-REG-S 0.37500% 18-23.01.23 | 850 000.00 | 854 781.25 | 0.05 |
| CHF	ADCB FINANCE CAYMAN LTD 0.72500% 18-15.02.24 | 800 000.00 | 813 250.00 | 0.05 |
| CHF	AMP GROUP FINANCE SERVICES LTD-REG-S 0.80000% 19-18.07.23 | 2 300 000.00 | 2 298 850.00 | 0.15 |
| CHF	AMP GROUP FINANCE SERVICES LTD-REG-S 0.20310% 20-03.06.24 | 780 000.00 | 763 230.00 | 0.05 |
| CHF	AUCKLAND COUNCIL 1.12500% 13-07.02.24 | 1 250 000.00 | 1 313 125.00 | 0.08 |
| CHF	BANCO DE CREDITO E INVERSIONES-REG-S 0.40000% 19-22.11.24 | 650 000.00 | 654 875.00 | 0.04 |
| CHF	BANCO SANTANDER CHILE-REG-S 0.38400% 19-27.09.24 | 615 000.00 | 618 800.70 | 0.04 |
| CHF	BANK OF MONTREAL-REG-S 0.05000% 18-30.12.22 | 2 400 000.00 | 2 424 000.00 | 0.15 |
| CHF	BANK OF NOVA SCOTIA-REG-S 0.20000% 18-19.11.25 | 950 000.00 | 978 975.00 | 0.06 |
| CHF	BASELLANDSCHAFTLICHE KANTONALBANK 0.05000% 20-28.01.31 | 2 850 000.00 | 2 858 550.00 | 0.18 |
| CHF	BERLIN HYP AG 0.25000% 20-11.09.28 | 2 000 000.00 | 2 042 000.00 | 0.13 |
| CHF	BMW INTERNATIONAL INVESTMENT BV-REG-S 0.30000% 19-05.09.24 | 1 535 000.00 | 1 566 467.50 | 0.10 |
| CHF	BNZ INTERNATIONAL FUND LTD/LONDON-REG-S 0.11100% 20-24.07.28 | 1 050 000.00 | 1 057 350.00 | 0.07 |
| CHF	CAISSE DES DEPOTS ET CONSIGNATIONS 0.25000% 18-30.05.25 | 1 600 000.00 | 1 649 600.00 | 0.11 |
| CHF	CANADIAN IMPERIAL BANK-REG-S 0.15000% 18-31.07.23 | 1 000 000.00 | 1 013 500.00 | 0.06 |
| CHF	CBQ FINANCE LTD-REG-S 0.69700% 18-22.03.21 | 2 350 000.00 | 2 350 734.38 | 0.15 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT 0.19400% 15-19.11.21 | 1 300 000.00 | 1 308 450.00 | 0.08 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT-REG-S 0.20000% 19-25.03.24 | 3 300 000.00 | 3 354 450.00 | 0.21 |
| CHF	CITIGROUP INC-REG-S 0.50000% 19-01.11.28 | 650 000.00 | 667 225.00 | 0.04 |
| CHF	COMPAGNIE DE FINANCEMENT FONCIER 2.50000% 06-24.02.31 | 100 000.00 | 127 100.00 | 0.01 |
| CHF	CORPORACION ANDINA DE FOMENTO 0.50000% 15-26.02.26 | 700 000.00 | 715 750.00 | 0.05 |
| CHF	CORPORACION ANDINA DE FOMENTO 0.45000% 15-07.09.23 | 400 000.00 | 407 200.00 | 0.03 |
| CHF	CREDIT AGRICOLE HOME LOAN SFH SA 0.25000% 15-18.06.26 | 1 300 000.00 | 1 344 850.00 | 0.09 |
| CHF	CREDIT AGRICOLE HOME LOAN SFH SA-REG-S 0.25000% 18-08.12.25 | 1 500 000.00 | 1 548 000.00 | 0.10 |
| CHF	DANSKE BANK AS-REG-S 0.62500% 19-24.11.22 | 2 000 000.00 | 2 022 000.00 | 0.13 |
| CHF	DEUTSCHE BAHN FINANCE BV 1.37500% 13-24.07.23 | 500 000.00 | 525 250.00 | 0.03 |
| CHF	DEUTSCHE BAHN FINANCE GMBH-REG-S 0.50000% 18-18.07.28 | 1 110 000.00 | 1 175 379.00 | 0.08 |
| CHF	DNB BANK ASA-REG-S 0.05000% 19-13.03.24 | 2 500 000.00 | 2 528 750.00 | 0.16 |
| CHF	DVB BANK SE 0.57500% 15-17.06.22 | 1 940 000.00 | 1 952 610.00 | 0.12 |
| CHF	EXPORT-IMPORT BANK OF KOREA-REG-S 0.25300% 18-06.03.23 | 4 800 000.00 | 4 862 400.00 | 0.31 |
| CHF	EXPORT-IMPORT BANK OF KOREA-REG-S 0.38250% 18-11.07.24 | 820 000.00 | 838 860.00 | 0.05 |
| CHF	FIRST ABU DHABI BANK PJSC-REG-S 0.07000% 19-18.10.27 | 3 000 000.00 | 2 982 187.50 | 0.19 |
| CHF	FIRST ABU DHABI BANK PJSC-REG-S 0.20500% 19-04.12.25 | 1 125 000.00 | 1 134 492.19 | 0.07 |
| CHF	HYPO NOE GRUPPE BANK AG-REG-S 0.10000% 19-27.11.24 | 1 200 000.00 | 1 207 800.00 | 0.08 |
| CHF	HYUNDAI CAPITAL SERVICES INC-REG-S 0.75250% 20-06.07.23 | 700 000.00 | 713 356.00 | 0.05 |
| CHF	INSTITUTO DE CREDITO OFICIAL 3.25000% 07-28.06.24 | 1 050 000.00 | 1 182 825.00 | 0.08 |
| CHF	JACKSON NATIONAL LIFE GLOBAL FUND-REG-S 0.30000% 18-18.12.23 | 900 000.00 | 913 500.00 | 0.06 |
| CHF	JACKSON NATIONAL LIFE GLOBAL FUND-REG-S 0.12500% 20-14.07.28 | 1 400 000.00 | 1 400 000.00 | 0.09 |
| CHF	JPMORGAN CHASE & CO 0.50000% 15-04.12.23 | 550 000.00 | 562 925.00 | 0.04 |
| CHF	KOMMUNEKREDIT 2.87500% 06-13.10.31 | 600 000.00 | 801 300.00 | 0.05 |
| CHF	KOREA DEVELOPMENT BANK-REG-S 0.30300% 18-14.06.23 | 200 000.00 | 203 300.00 | 0.01 |
| CHF	KOREA LAND & HOUSING CORP-REG-S 0.19250% 20-15.06.25 | 520 000.00 | 527 150.00 | 0.03 |
| CHF	KOREA NATIONAL OIL CORP-REG-S 0.37300% 18-01.06.23 | 1 700 000.00 | 1 728 900.00 | 0.11 |
| CHF	KOREA WATER RESOURCES CORP-REG-S 0.15000% 18-20.09.23 | 2 600 000.00 | 2 630 062.50 | 0.17 |
| CHF	KREDITANSTALT FUER WIEDERAUFBAU 2.50000% 05-25.08.25 | 1 000 000.00 | 1 145 000.00 | 0.07 |
| CHF	LAFARGEHOLCIM HELVETIA FINANCE-REG-S 1.05000% 20-11.04.22 | 1 200 000.00 | 1 217 040.00 | 0.08 |
| CHF	LUZERNER KANTONALBANK-REG-S 0.10000% 18-08.05.24 | 1 200 000.00 | 1 220 400.00 | 0.08 |
| CHF	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 1.00000% 14-19.09.22 | 1 800 000.00 | 1 845 000.00 | 0.12 |
| CHF	MUENCHENER HYPOTHEKENBANK EG-REG-S 0.50000% 18-14.06.28 | 615 000.00 | 650 977.50 | 0.04 |
| CHF	MUENCHENER HYPOTHEKENBANK EG-REG-S 0.00100% 19-19.02.24 | 2 450 000.00 | 2 492 875.00 | 0.16 |
| CHF	MUENCHENER HYPOTHEKENBANK EG-REG-S 0.20000% 19-18.06.31 | 800 000.00 | 826 400.00 | 0.05 |
| CHF	NATIONAL AUSTRALIA BANK LTD 0.25000% 18-13.03.24 | 3 200 000.00 | 3 262 400.00 | 0.21 |
| CHF	NATIONAL AUSTRALIA BANK LTD-REG-S 0.06500% 20-29.01.29 | 1 000 000.00 | 1 012 000.00 | 0.06 |
| CHF	NATIONWIDE BUILDING SOCIETY-REG-S 0.16750% 19-11.07.31 | 500 000.00 | 513 250.00 | 0.03 |
| CHF	NATWEST MARKETS PLC-REG-S 0.12500% 19-13.09.23 | 1 400 000.00 | 1 407 000.00 | 0.09 |
| CHF	NEDERLANDSE WATERSCHAPSBANK NV 2.37500% 06-27.01.23 | 500 000.00 | 530 500.00 | 0.03 |
| CHF	NEDERLANDSE WATERSCHAPSBANK NV 1.37500% 12-13.09.27 | 1 000 000.00 | 1 118 000.00 | 0.07 |
| CHF	NEW YORK LIFE GLOBAL FUNDING 0.37500% 15-02.02.22 | 1 750 000.00 | 1 768 025.00 | 0.11 |
| CHF	ONTARIO, PROVINCE OF 0.25000% 17-28.06.29 | 800 000.00 | 828 400.00 | 0.05 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 0.25000% 17-12.10.27 | 1 200 000.00 | 1 247 520.00 | 0.08 |
| CHF	PFANDBRIEFBK SCHWEIZER HYPO INST-REG-S 0.12500% 19-08.05.29 | 1 400 000.00 | 1 441 580.00 | 0.09 |
| CHF	SANTANDER CONSUMER FINANCE SA-REG-S 0.15000% 19-10.12.24 | 1 725 000.00 | 1 744 837.50 | 0.11 |
| CHF	SHELL INTERNATIONAL FINANCE BV 0.37500% 15-21.08.23 | 1 000 000.00 | 1 017 000.00 | 0.06 |
| CHF	SYNGENTA FINANCE LTD REG-S 1.62500% 14-01.11.24 | 1 300 000.00 | 1 306 500.00 | 0.08 |
| CHF	TOTAL CAPITAL INTERNATIONAL SA-REG-S 1.00000% 14-29.08.24 | 1 000 000.00 | 1 050 000.00 | 0.07 |
| CHF	TOTAL CAPITAL INTERNATIONAL SA-REG-S 0.28800% 18-13.07.26 | 800 000.00 | 827 200.00 | 0.05 |
| CHF	UBS GROUP AG-REG-S 0.87500% 19-30.01.25 | 1 800 000.00 | 1 862 100.00 | 0.12 |
| CHF	VERIZON COMMUNICATIONS INC-REG-S 0.37500% 17-31.05.23 | 1 000 000.00 | 1 017 000.00 | 0.06 |
| Total CHF |  | 94 680 626.02 | 6.01 |
| Total des Medium-Term Notes, taux fixe |  | 94 680 626.02 | 6.01 |
| Medium-Term Notes, coupon zéro |  |  |  |
| CHF |  |  |  |
| CHF	BANK OF THE PHILIPPINE ISLANDS-REG-S 0.00000% 19-24.09.21 | 920 000.00 | 917 412.50 | 0.06 |
| CHF	KOREA HYDRO & NUCLEAR POWER CO-REG-S 0.00000% 19-19.07.24 | 2 400 000.00 | 2 416 416.00 | 0.15 |
| CHF	NATIONWIDE BUILDING SOCIETY-REG-S 0.00000% 19-11.07.25 | 1 635 000.00 | 1 664 430.00 | 0.11 |
| Total CHF |  | 4 998 258.50 | 0.32 |
| Total des Medium-Term Notes, coupon zéro |  | 4 998 258.50 | 0.32 |

UBS (Lux) Strategy Fund – Yield (CHF)
Rapport annuel et états financiers révisés au 31 janvier 2021
| Dénomination | Nombre/ | Evaluation en CHF | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
| Obligations, taux fixe |  |  |  |
| CHF |  |  |  |
| CHF	AARGAUISCHE KANTONALBANK 0.15000% 15-18.05.22 | 3 000 000.00 | 3 027 900.00 | 0.19 |
| CHF	AARGAUISCHE KANTONALBANK 0.25000% 18-03.04.25 | 1 550 000.00 | 1 589 525.00 | 0.10 |
| CHF	APPLE INC-REG-S 0.37500% 15-25.11.24 | 530 000.00 | 547 225.00 | 0.04 |
| CHF	ASIAN DEVELOPMENT BANK 2.75000% 10-12.02.30 | 450 000.00 | 580 050.00 | 0.04 |
| CHF	BASELLANDSCHAFTLICHE KANTONALBANK 0.25000% 15-13.05.25 | 1 550 000.00 | 1 591 075.00 | 0.10 |
| CHF	BASLER KANTONALBANK 0.15000% 19-02.04.27 | 1 000 000.00 | 1 022 500.00 | 0.07 |
| CHF	BASLER KANTONALBANK 0.12500% 20-10.09.32 | 675 000.00 | 681 412.50 | 0.04 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT 1.12500% 14-24.02.23 | 2 300 000.00 | 2 374 750.00 | 0.15 |
| CHF	COOP-GRUPPE GENOSSENSCHAFT-REG-S 0.75000% 20-05.05.23 | 1 100 000.00 | 1 122 550.00 | 0.07 |
| CHF	DEUTSCHE PFANDBRIEFBANK AG-REG-S 0.12500% 19-05.06.23 | 1 800 000.00 | 1 807 200.00 | 0.12 |
| CHF	EUROPEAN INVESTMENT BANK 2.62500% 10-11.02.25 | 2 750 000.00 | 3 114 375.00 | 0.20 |
| CHF	EUROPEAN INVESTMNT BANK 1.62500% 12-02.04.26 | 950 000.00 | 1 057 825.00 | 0.07 |
| CHF	FREIBURGER KANTONALBANK 0.14000% 20-12.06.30 | 2 700 000.00 | 2 740 500.00 | 0.17 |
| CHF	GENEVA, CANTON OF-REG-S 0.37500% 20-27.02.30 | 1 250 000.00 | 1 306 250.00 | 0.08 |
| CHF	GRAUBUENDNER KANTONALBANK 1.37500% 13-11.03.25 | 2 400 000.00 | 2 578 800.00 | 0.16 |
| CHF	KEB HANA BANK-REG-S 0.40750% 18-14.09.23 | 1 300 000.00 | 1 320 718.75 | 0.08 |
| CHF	KOREA NATIONAL OIL CORP-REG-S 0.87500 20-21.04.25 | 700 000.00 | 732 900.00 | 0.05 |
| CHF	MONDELEZ INTL-REG-S 0.62500% 15-30.12.21 | 800 000.00 | 806 560.00 | 0.05 |
| CHF	NEW BRUNSWICK, PROVINCE OF 0.25000% 17-19.01.29 | 500 000.00 | 517 250.00 | 0.03 |
| CHF	OESTERREICHISCHE KONTROLLBANK AG 2.62500% 06-22.11.24 | 2 000 000.00 | 2 244 000.00 | 0.14 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 1.50000% 14-15.12.25 | 2 000 000.00 | 2 191 600.00 | 0.14 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONAL-REG-S 0.25000% 18-20.07.26 | 600 000.00 | 621 720.00 | 0.04 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONAL-REG-S 0.12500% 18-31.10.24 | 850 000.00 | 870 655.00 | 0.06 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONBK-REG-S 0.12500% 20-03.09.35 | 1 800 000.00 | 1 826 460.00 | 0.12 |
| CHF	RAIFFEISEN SCHWEIZ GENOSSENSCHAFT-REG-S 0.18250% 20-11.11.25 | 1 300 000.00 | 1 306 500.00 | 0.08 |
| CHF	ROCHE KAPITALMARKT AG 0.10000% 17-23.09.24 | 2 075 000.00 | 2 117 537.50 | 0.14 |
| CHF	SGS SA-REG-S 0.45000% 20-06.11.23 | 1 000 000.00 | 1 019 000.00 | 0.07 |
| CHF	ST GALLER KANTONALBANK 1.37500% 12-22.06.27 | 1 600 000.00 | 1 764 800.00 | 0.11 |
| CHF	UBS AG/LONDON-REG-S 0.17000% 20-13.05.22 | 2 400 000.00 | 2 422 800.00 | 0.15 |
| CHF	UBS GROUP AG-REG-S 0.75000% 16-22.02.22 | 1 000 000.00 | 1 012 100.00 | 0.06 |
| CHF	UBS GROUP AG-REG-S 0.62500% 17-18.05.24 | 2 000 000.00 | 2 044 000.00 | 0.13 |
| CHF	WALLISER KANTONALBANK 0.25000% 15-16.03.23 | 2 350 000.00 | 2 385 250.00 | 0.15 |
| CHF	ZUERCHER KANTONALBANK 1.50000% 14-27.01.23 | 1 600 000.00 | 1 664 800.00 | 0.11 |
| CHF	ZUERCHER KANTONALBANK 0.04000% 15-09.12.22 | 1 400 000.00 | 1 414 700.00 | 0.09 |
| CHF	ZUERCHER KANTONALBANK 0.03000% 16-11.02.22 | 500 000.00 | 503 250.00 | 0.03 |
| CHF	ZUERICH, CITY OF-REG-S 2.75000% 05-14.02.25 | 1 000 000.00 | 1 132 000.00 | 0.07 |
| CHF	ZUGER KANTONALBANK 0.12500% 19-03.12.29 | 1 400 000.00 | 1 420 300.00 | 0.09 |
| Total CHF |  | 56 480 838.75 | 3.59 |
| Total des Obligations, taux fixe |  | 56 480 838.75 | 3.59 |
| Obligations, coupon zéro |  |  |  |
| CHF |  |  |  |
| CHF	AARGAUISCHE KANTONALBANK 0.00000% 16-08.03.22 | 350 000.00 | 352 100.00 | 0.02 |
| CHF	BALOISE HOLDING AG-REG-S 0.00000% 19-23.09.22 | 1 900 000.00 | 1 896 010.00 | 0.12 |
| CHF	BASEL-STADT, CANTON OF 0.00000% 16-05.09.23 | 1 050 000.00 | 1 067 850.00 | 0.07 |
| CHF	BASEL-STADT, CANTON OF 0.00000% 16-04.09.26 | 700 000.00 | 718 200.00 | 0.05 |
| CHF	BASLER KANTONALBANK-REG-S 0.00000% 18-11.04.22 | 1 150 000.00 | 1 156 785.00 | 0.07 |
| CHF	KOREA NATIONAL OIL CORP-REG-S 0.00000% 19-04.10.24 | 1 550 000.00 | 1 564 531.25 | 0.10 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 0.00000% 16-05.07.22 | 1 000 000.00 | 1 009 000.00 | 0.06 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONALBANKEN 0.00000% 16-27.01.27 | 1 550 000.00 | 1 583 945.00 | 0.10 |
| CHF	VALIANT BANK AG-REG-S 0.00000% 19-31.10.25 | 1 500 000.00 | 1 526 250.00 | 0.10 |
| CHF	WALLISER KANTONALBANK-REG-S 0.00000% 20-14.02.29 | 1 100 000.00 | 1 104 400.00 | 0.07 |
| CHF	ZUERCHER KANTONALBANK 0.00000% 21-21.01.33 | 1 300 000.00 | 1 290 900.00 | 0.08 |
| CHF	ZUERICH, CANTON OF-REG-S 0.00000% 18-14.03.23 | 2 825 000.00 | 2 864 550.00 | 0.18 |
| Total CHF |  | 16 134 521.25 | 1.02 |
| Total des Obligations, coupon zéro |  | 16 134 521.25 | 1.02 |
| Bons du Trésor à moyen terme, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 16 615 000.00 | 20 919 892.47 | 1.33 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 21 750 000.00 | 21 295 017.24 | 1.35 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.11.27 | 21 600 000.00 | 21 154 910.40 | 1.34 |
| USD	AMERICA, UNITED STATES OF 2.87500% 18-31.05.25 | 2 200 000.00 | 2 170 568.40 | 0.14 |
| USD	AMERICA, UNITED STATES OF 2.75000% 14-15.02.24 | 4 490 000.00 | 4 305 266.81 | 0.27 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 5 500 000.00 | 4 918 028.50 | 0.31 |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 4 710 000.00 | 4 278 726.52 | 0.27 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 2 320 000.00 | 2 130 947.84 | 0.14 |
| USD	AMERICA, UNITED STATES OF 2.12500% 15-15.05.25 | 13 420 000.00 | 12 848 271.12 | 0.82 |
| USD	AMERICA, UNITED STATES OF 1.75000% 19-15.11.29 | 8 850 000.00 | 8 399 464.20 | 0.53 |
| USD	AMERICA, UNITED STATES OF 0.25000% 20-31.07.25 | 3 700 000.00 | 3 274 676.67 | 0.21 |
| Total USD |  | 105 695 770.17 | 6.71 |
| Total des Bons du Trésor à moyen terme, taux fixe |  | 105 695 770.17 | 6.71 |
| Bons du Trésor à moyen terme, taux variable |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 2 960 000.00 | 3 086 626.38 | 0.20 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 20-15.01.30 | 3 450 000.00 | 3 475 560.20 | 0.22 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 2 750 000.00 | 2 914 069.46 | 0.18 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 3 665 000.00 | 3 961 788.37 | 0.25 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 2 845 000.00 | 3 067 554.95 | 0.19 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 2 810 000.00 | 3 078 733.86 | 0.20 |

UBS (Lux) Strategy Fund – Yield (CHF) Rapport annuel et états financiers révisés au 31 janvier 2021
|  | Dénomination | Nombre/ | Evaluation en CHF | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
|  |  |  |  |  |
| USD | AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 2 950 000.00 | 3 189 268.58 | 0.20 |
| USD | AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 2 715 000.00 | 3 923 468.78 | 0.25 |
| USD | AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 1 585 000.00 | 3 229 095.10 | 0.21 |
| Total USD |  |  | 29 926 165.68 | 1.90 |
| Total des Bons du Trésor à moyen terme, taux variable | 29 926 165.68 | 1.90 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle | 508 265 813.02 | 32.27 |

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 | 11 875.00 | 0.13 | 0.00 |
| Total Portugal | 0.13 | 0.00 |
| Total des Actions nominatives | 0.13 | 0.00 |
| Total des Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé | 0.13 | 0.00 |
| OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que | modifiée |  |
| Fonds d’investissement, ouvert |  |  |
| Irlande |  |  |
| USD	ISHRS III PLC-MSCI WORLD SML CAP UCITS ETF-UNHDG USD-ACC	5 792 000.00 | 33 976 001.74 | 2.16 |
| USD	UBS (IRL) INVESTOR SELECTION PLC - GLOB EMER MKT OPP-I-B USD	9 354.00 | 2 783 039.98 | 0.17 |
| Total Irlande | 36 759 041.72 | 2.33 |
| Luxembourg |  |  |
| EUR | UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 216 351.00 | 32 466 845.72 | 2.06 |
| EUR | UBS (LUX) BOND SICAV - EUR CORP SUSTAINABLE (EUR) U-X-ACC | 10 319.00 | 141 950 359.75 | 9.01 |
| USD | UBS (LUX) BOND SICAV - SHORT TERM USD CORPORATES (USD) U-X-A | 1 826.00 | 18 523 337.60 | 1.18 |
| USD | UBS (LUX) BOND SICAV - USD CORPORATES U-X-ACC | 1 053.00 | 12 272 758.20 | 0.78 |
| USD | UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC | 2 529.00 | 47 803 266.44 | 3.03 |
| USD | UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS | 671 748.00 | 66 810 228.93 | 4.24 |
| USD | UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC | 23 126.59 | 253 104 853.86 | 16.07 |
| USD | UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD)-U-X ACC | 8 290.00 | 107 402 076.80 | 6.82 |
| USD | UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC | 4 665.00 | 56 028 560.49 | 3.56 |
| USD | UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC | 1 632.00 | 58 966 818.31 | 3.74 |
| USD | UBS (LUX) EQUITY SICAV - GLOBAL QUANTITATIVE (USD) U-X-ACC | 3 653.00 | 56 107 197.35 | 3.56 |
| USD | UBS (LUX) EQUITY SICAV - GLOBAL OPPORTUNITY (USD) U-X-ACC | 5 892.00 | 58 153 599.19 | 3.69 |
| USD | UBS (LUX) INSTITUTIONAL FUND - KEY SEL. GLOBAL EQUITY FA-USD | 2 061.19 | 55 591 696.59 | 3.53 |
| USD | UBS (LUX) INSTITUTIONAL SICAV - EQUITIES GLB (EX USA) PASSIVE XA | 224 143.00 | 22 450 177.23 | 1.43 |
| Total Luxembourg |  | 987 631 776.46 | 62.70 |
| Total des Fonds d’investissement, ouvert |  | 1 024 390 818.18 | 65.03 |
| Total des OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée |  | 1 024 390 818.18 | 65.03 |
| 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 | -842.00 | -349 444.83 | -0.02 |
| EUR	EURO STOXX 50 INDEX CALL 4000.00000 19.03.21 | -842.00 | -4 550.06 | 0.00 |
| EUR	EURO STOXX 50 INDEX CALL 3650.00000 19.03.21 | 842.00 | 358 544.96 | 0.02 |
| Total EUR |  | 4 550.07 | 0.00 |
| Total des Options sur indices boursiers, classic-styled |  | 4 550.07 | 0.00 |
| Total des Instruments dérivés négociés sur une bourse officielle |  | 4 550.07 | 0.00 |
| Total du Portefeuille-titres |  | 1 532 661 181.40 | 97.30 |
| Instruments dérivés |  |  |  |
| Instruments dérivés négociés sur une bourse officielle |  |  |  |
| Contrats financiers à terme sur obligations |  |  |  |
|  |  |  |  |
| USD	US LONG BOND FUTURE 22.03.21 | 201.00 | -1 033 743.00 | -0.06 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.21 | -564.00 | 3 920.05 | 0.00 |
| Total des Contrats financiers à terme sur obligations |  | -1 029 822.95 | -0.06 |

UBS (Lux) Strategy Fund – Yield (CHF)
Rapport annuel et états financiers révisés au 31 janvier 2021
| Dénomination | Nombre/ Nominal | Evaluation en CHF Bénéfice/(perte) non réalisé(e) sur futures/ contrats de change à terme/ swaps (note 1) | en % de l’actif net |
| --- | --- | --- | --- |
| Contrats financiers à terme sur indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.03.21 | 577.00 | -428 748.86 | -0.03 |
| CHF	SWISS MARKET INDEX FUTURE 19.03.21 | -53.00 | 122 630.00 | 0.01 |
| GBP	FTSE 100 INDEX FUTURE 19.03.21 | 275.00 | -560 048.04 | -0.04 |
| SEK	OMX 30 INDEX FUTURE 19.02.21 | -158.00 | 22 508.17 | 0.00 |
| USD	S&P500 EMINI FUTURE 19.03.21 | -108.00 | 249 550.59 | 0.02 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 19.03.21 | 392.00 | -182 141.15 | -0.01 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 11.03.21 | -85.00 | -741 028.86 | -0.05 |
| AUD	SPI 200 INDEX FUTURES 18.03.21 | -46.00 | 49 450.43 | 0.01 |
| CAD	S&P/TSX 60 INDEX FUTURE 18.03.21 | -59.00 | 39 607.73 | 0.00 |
| HKD	HANG SENG INDEX FUTURE 25.02.21 | -21.00 | 183 350.18 | 0.01 |
| Total des Contrats financiers à terme sur indices |  | -1 244 869.81 | -0.08 |
| Total des Instruments dérivés négociés sur une bourse officielle |  | -2 274 692.76 | -0.14 |
| Total des Instruments dérivés |  | -2 274 692.76 | -0.14 |
| Contrats de change à terme |  |  |  |
| Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |  |

| GBP | 900 000.00 | CHF | 1 081 186.20 | 4.2.2021 | 18 151.24 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 1 000 000.00 | CHF | 1 079 447.00 | 4.2.2021 | 1 292.67 | 0.00 |
| CHF | 1 637 200.80 | USD | 1 800 000.00 | 4.2.2021 | 36 091.82 | 0.00 |
| CHF | 10 514 661.32 | JPY | 1 205 885 500.00 | 4.2.2021 | 268 977.10 | 0.02 |
| CHF | 6 251 299.91 | HKD | 53 350 000.00 | 4.2.2021 | 131 122.43 | 0.01 |
| SGD | 8 789 000.00 | CHF | 5 943 123.45 | 4.2.2021 | -52 255.40 | 0.00 |
| CHF | 105 829 369.70 | EUR | 97 998 632.20 | 4.2.2021 | -81 639.75 | -0.01 |
| CHF | 8 323 272.81 | AUD | 12 503 350.41 | 4.2.2021 | -210 089.39 | -0.01 |
| GBP | 17 743 360.18 | CHF | 21 329 027.12 | 4.2.2021 | 344 239.71 | 0.02 |
| CHF | 98 964.09 | NZD | 158 000.00 | 4.2.2021 | -2 324.38 | 0.00 |
| CHF | 1 130 326.22 | SEK | 10 705 810.20 | 4.2.2021 | -12 841.35 | 0.00 |
| CHF | 783 391.69 | NOK | 7 800 607.07 | 4.2.2021 | -27 870.74 | 0.00 |
| CHF | 1 207 109.83 | CAD | 1 738 179.19 | 4.2.2021 | -3 216.34 | 0.00 |
| CHF | 2 468 567.37 | DKK | 17 022 500.00 | 4.2.2021 | -4 897.36 | 0.00 |
| CHF | 363 982 179.56 | USD | 400 773 155.21 | 4.2.2021 | 7 492 458.17 | 0.48 |
| EUR | 900 000.00 | CHF | 972 503.10 | 4.2.2021 | 162.60 | 0.00 |
| USD | 900 000.00 | CHF | 818 120.70 | 4.2.2021 | -17 566.21 | 0.00 |
| USD | 700 000.00 | CHF | 637 714.00 | 4.2.2021 | -15 060.51 | 0.00 |
| EUR | 500 000.00 | CHF | 541 583.50 | 4.2.2021 | -1 213.66 | 0.00 |
| GBP | 380 000.00 | CHF | 461 569.66 | 4.2.2021 | 2 595.04 | 0.00 |
| JPY | 27 000 000.00 | CHF | 235 135.93 | 4.2.2021 | -5 733.16 | 0.00 |
| GBP | 250 000.00 | CHF | 303 779.00 | 4.2.2021 | 1 592.51 | 0.00 |
| CHF | 239 302.52 | JPY | 27 500 000.00 | 4.2.2021 | 5 651.55 | 0.00 |
| USD | 300 000.00 | CHF | 271 485.00 | 4.2.2021 | -4 633.50 | 0.00 |
| USD | 900 000.00 | CHF | 813 061.80 | 4.2.2021 | -12 507.31 | 0.00 |
| USD | 1 200 000.00 | CHF | 1 084 616.40 | 4.2.2021 | -17 210.41 | 0.00 |
| CHF | 302 983.00 | GBP | 250 000.00 | 4.2.2021 | -2 388.51 | 0.00 |
| CHF | 813 443.22 | JPY | 95 000 000.00 | 4.2.2021 | 6 285.33 | 0.00 |
| JPY | 40 000 000.00 | CHF | 343 008.46 | 4.2.2021 | -3 152.50 | 0.00 |
| USD | 2 000 000.00 | CHF | 1 777 620.00 | 4.2.2021 | 1 389.98 | 0.00 |
| CAD | 4 500 000.00 | JPY | 366 622 200.00 | 4.2.2021 | 18 465.86 | 0.00 |
| NOK | 46 900 000.00 | USD | 5 313 014.73 | 4.2.2021 | 151 658.87 | 0.01 |
| AUD | 7 100 000.00 | JPY | 556 699 193.00 | 4.2.2021 | 115 721.60 | 0.01 |
| JPY | 200 000 000.00 | CHF | 1 705 541.79 | 4.2.2021 | -6 262.01 | 0.00 |
| CHF | 808 007.55 | EUR | 750 000.00 | 4.2.2021 | -2 547.20 | 0.00 |
| HKD | 6 000 000.00 | CHF | 686 049.00 | 4.2.2021 | 2 255.87 | 0.00 |
| CHF | 16 579 140.50 | GBP | 14 050 000.00 | 4.2.2021 | -582 738.42 | -0.04 |
| CHF | 14 171 318.40 | USD | 16 000 000.00 | 4.2.2021 | -60 761.44 | 0.00 |
| USD | 8 200 000.00 | CHF | 7 254 515.40 | 4.2.2021 | 39 425.52 | 0.00 |
| CHF | 1 188 946.00 | EUR | 1 100 000.00 | 4.2.2021 | 132.36 | 0.00 |
| CHF | 159 494.47 | SEK | 1 500 000.00 | 4.2.2021 | -675.69 | 0.00 |
| USD | 2 000 000.00 | CHF | 1 764 052.00 | 4.2.2021 | 14 957.98 | 0.00 |
| USD | 10 400 000.00 | CHF | 9 190 105.60 | 4.2.2021 | 60 746.30 | 0.01 |
| GBP | 800 000.00 | CHF | 943 595.20 | 4.2.2021 | 33 593.64 | 0.00 |
| USD | 1 000 000.00 | CHF | 889 097.00 | 4.2.2021 | 407.99 | 0.00 |
| GBP | 500 000.00 | CHF | 599 585.00 | 4.2.2021 | 11 158.02 | 0.00 |
| CHF | 22 669.99 | HKD | 200 000.00 | 4.2.2021 | -273.51 | 0.00 |
| EUR | 1 000 000.00 | CHF | 1 081 310.00 | 4.2.2021 | -570.33 | 0.00 |
| USD | 600 000.00 | CHF | 527 434.80 | 4.2.2021 | 6 268.19 | 0.00 |
| USD | 600 000.00 | CHF | 526 800.00 | 19.3.2021 | 6 251.35 | 0.00 |
| CHF | 14 174.06 | HKD | 125 000.00 | 4.2.2021 | -165.62 | 0.00 |
| CHF | 14 158.06 | HKD | 125 000.00 | 19.3.2021 | -165.07 | 0.00 |
| GBP | 600 000.00 | CHF | 715 770.60 | 19.3.2021 | 16 389.37 | 0.00 |
| GBP | 600 000.00 | CHF | 716 478.60 | 4.2.2021 | 16 413.03 | 0.00 |
| CHF | 104 340 340.01 | EUR | 96 558 140.15 | 19.3.2021 | 16 694.30 | 0.00 |
| GBP | 6 743 332.50 | CHF | 8 060 480.66 | 19.3.2021 | 168 182.86 | 0.01 |
| CHF | 17 059 260.06 | JPY | 2 003 942 750.00 | 19.3.2021 | 46 350.72 | 0.00 |
| CHF | 5 363 266.26 | HKD | 47 550 000.00 | 19.3.2021 | -85 252.96 | -0.01 |
| CHF | 2 637 283.72 | AUD | 3 858 481.56 | 19.3.2021 | 6 492.17 | 0.00 |
| SGD | 6 405 000.00 | CHF | 4 254 702.92 | 19.3.2021 | 32 973.98 | 0.00 |
| CHF | 401 303 790.34 | USD | 458 850 529.50 | 19.3.2021 | -6 347 702.90 | -0.40 |
| CHF | 95 860.80 | NZD | 150 000.00 | 19.3.2021 | -182.11 | 0.00 |
| CHF | 1 774 485.17 | CAD | 2 567 438.58 | 19.3.2021 | -11 262.25 | 0.00 |
| NOK | 39 524 090.12 | CHF | 4 110 873.74 | 19.3.2021 | -5 821.48 | 0.00 |
| CHF | 1 962 186.20 | DKK | 13 505 500.00 | 19.3.2021 | 624.24 | 0.00 |
| CHF | 1 236 556.97 | SEK | 11 519 548.30 | 19.3.2021 | 7 441.64 | 0.00 |
| CHF | 5 644.39 | HKD | 50 000.00 | 4.2.2021 | -91.48 | 0.00 |
| CHF | 5 637.83 | HKD | 50 000.00 | 19.3.2021 | -91.42 | 0.00 |
| CHF | 2 779 158.38 | USD | 3 150 000.00 | 4.2.2021 | -22 782.34 | 0.00 |
| CHF | 2 775 718.26 | USD | 3 150 000.00 | 19.3.2021 | -22 801.35 | 0.00 |
| CHF | 114 825.39 | HKD | 1 000 000.00 | 4.2.2021 | 107.91 | 0.00 |
| CHF | 114 691.29 | HKD | 1 000 000.00 | 19.3.2021 | 106.24 | 0.00 |

UBS (Lux) Strategy Fund – Yield (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 | 811 235.70 | JPY | 95 000 000.00 | 19.3.2021 | 4 712.47 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 811 875.60 | JPY | 95 000 000.00 | 4.2.2021 | 4 717.71 | 0.00 |
| CHF | 265 990.07 | SEK | 2 500 000.00 | 4.2.2021 | -960.20 | 0.00 |
| CHF | 265 775.62 | SEK | 2 500 000.00 | 19.3.2021 | -969.94 | 0.00 |
| CHF | 1 390 516.41 | GBP | 1 150 000.00 | 4.2.2021 | -14 192.54 | 0.00 |
| CHF | 1 389 103.86 | GBP | 1 150 000.00 | 19.3.2021 | -14 202.75 | 0.00 |
| HKD | 5 000 000.00 | CHF | 573 989.75 | 4.2.2021 | -402.36 | 0.00 |
| CHF | 1 200 046.15 | JPY | 140 000 000.00 | 4.2.2021 | 10 550.31 | 0.00 |
| HKD | 5 000 000.00 | CHF | 573 349.32 | 19.3.2021 | -424.06 | 0.00 |
| CHF | 1 199 092.83 | JPY | 140 000 000.00 | 19.3.2021 | 10 532.27 | 0.00 |
| CHF | 1 882 816.08 | EUR | 1 750 000.00 | 19.3.2021 | -7 924.36 | 0.00 |
| CHF | 1 883 372.40 | EUR | 1 750 000.00 | 4.2.2021 | -7 922.02 | 0.00 |
| CHF | 4 308 934.00 | USD | 4 850 000.00 | 19.3.2021 | 102.22 | 0.00 |
| CHF | 4 314 207.41 | USD | 4 850 000.00 | 4.2.2021 | 108.21 | 0.00 |
| USD | 1 100 000.00 | CHF | 979 836.00 | 4.2.2021 | -1 380.51 | 0.00 |
| USD | 1 000 000.00 | CHF | 889 669.00 | 19.3.2021 | -1 250.08 | 0.00 |
| INR | 882 000 000.00 | USD | 11 961 592.71 | 26.3.2021 | 47 644.92 | 0.00 |
| IDR | 173 611 700 000.00 | USD | 12 262 445.26 | 26.3.2021 | 54 234.11 | 0.00 |
| RUB | 521 700 000.00 | USD | 7 025 931.44 | 26.3.2021 | -135 659.90 | -0.01 |
| USD | 12 437 882.61 | TWD | 345 400 000.00 | 26.3.2021 | 24 774.99 | 0.00 |
| CHF | 171 677.99 | HKD | 1 500 000.00 | 4.2.2021 | -398.23 | 0.00 |
| CHF | 171 479.21 | HKD | 1 500 000.00 | 19.3.2021 | -398.37 | 0.00 |
| USD | 3 200 000.00 | CHF | 2 839 142.40 | 4.2.2021 | 7 273.57 | 0.00 |
| USD | 3 200 000.00 | CHF | 2 835 635.20 | 19.3.2021 | 7 305.35 | 0.00 |
| CHF | 852 112.80 | GBP | 700 000.00 | 19.3.2021 | -2 073.83 | 0.00 |
| USD | 1 300 000.00 | CHF | 1 154 852.40 | 4.2.2021 | 1 504.09 | 0.00 |
| CHF | 852 985.00 | GBP | 700 000.00 | 4.2.2021 | -2 055.23 | 0.00 |
| USD | 1 300 000.00 | CHF | 1 153 447.10 | 19.3.2021 | 1 497.50 | 0.00 |
| USD | 1 300 000.00 | CHF | 1 155 117.60 | 4.2.2021 | 1 238.89 | 0.00 |
| USD | 1 200 000.00 | CHF | 1 064 959.20 | 19.3.2021 | 1 143.51 | 0.00 |
| Total des Contrats de change à terme | 1 445 207.84 | 0.09 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 44 676 479.19 | 2.84 |
| Autres actifs et passifs | -1 321 101.23 | -0.09 |
| Total de l’Actif net | 1 575 187 074.44 | 100.00 |

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