# UBS (Lux) Strategy Fund – Growth (CHF)
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 31.1.2021 | 31.1.2020 | 31.1.2019 |
| Net assets in CHF |  | 485 370 202.12 | 496 573 995.03 | 480 812 914.13 |
| Class P-acc | LU0033034892 |  |  |  |
| Units outstanding |  | 177 021.6520 | 184 708.5300 | 194 575.1990 |
| Net asset value per unit in CHF |  | 2 605.95 | 2 542.81 | 2 348.12 |
| Issue and redemption price per unit in CHF 1 |  | 2 605.95 | 2 542.81 | 2 348.12 |
| Class Q-acc | LU0941351412 |  |  |  |
| Units outstanding |  | 178 202.1070 | 205 662.4170 | 199 629.8160 |
| Net asset value per unit in CHF |  | 135.02 | 130.77 | 119.86 |
| Issue and redemption price per unit in CHF 1 |  | 135.02 | 130.77 | 119.86 |
| 1  See note 1 |  |  |  |  |
| Performance |  |  |  |  |
|  | Currency | 2020/2021 | 2019/2020 | 2018/2019 |
| Class P-acc | CHF | 2.5% | 8.3% | -6.3% |
| Class Q-acc | CHF | 3.2% | 9.1% | -5.6% |

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

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

## Structure of the Securities Portfolio
Classification by Currency as a % of net assets	
USD	66.95
CHF	27.36
EUR	3.91
Classification by Instrument as a % of net assets	
Investment funds, open end	68.99
| Registered shares | 19.23 |
| --- | --- |
| Other shares | 3.91 |
| Treasury notes, fixed rate | 1.87 |
| Medium term notes, fixed rate | 1.86 |
| Bonds, fixed rate | 0.75 |
| Bearer shares | 0.64 |
| Bonds, zero coupon | 0.34 |
| Participation certificates | 0.32 |
| Medium term notes, zero coupon | 0.13 |
| Notes, fixed rate | 0.13 |
| Notes, zero coupon | 0.05 |
| Total | 98.22 |

UBS (Lux) Strategy Fund – Growth (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	381 430 711.63
| Investments in securities, unrealized appreciation (depreciation) | 	95 287 182.91	 |
| --- | --- |
| Total investments in securities (Note 1) | 476 717 894.54 |
| Cash at banks, deposits on demand and deposit accounts | 2 489 850.85 |
| Other liquid assets (Margins) | 6 780 697.97 |
| Receivable on securities sales (Note 1) | 858.89 |
| Receivable on subscriptions | 344 448.95 |
| Interest receivable on securities | 120 186.43 |
| Interest receivable on liquid assets | 2 896.23 |
| Other receivables | 1 337.33 |
| Unrealized gain on forward foreign exchange contracts (Note 1) | 554 173.21 |
| Total Assets | 487 012 344.40 |
|  |  |
| Liabilities |  |
| Unrealized loss on financial futures (Note 1) | -392 485.27 |
| Bank overdraft | -319 251.17 |
| Interest payable on bank overdraft | -469.86 |
| Payable on redemptions | -558 629.43 |
| Provisions for flat fee (Note 2) | -334 403.65 |
| Provisions for taxe d’abonnement (Note 3) | -7 489.32 |
| Provisions for other commissions and fees (Note 2) | 	-29 413.58	 |
| Total provisions | -371 306.55 |
| Total Liabilities | -1 642 142.28 |
|  |  |
| Net assets at the end of the financial year | 485 370 202.12 |
| Statement of Operations | CHF |
| Income | 1.2.2020-31.1.2021 |
| Interest on liquid assets | 9 856.88 |
| Interest on securities | 256 811.72 |
| Dividends | 2 955 095.77 |
| Interest received on swaps (Note 1) | 18 881.81 |
| Income on securities lending (Note 15) | 7 569.10 |
| Other income (Note 4) | 2 114.72 |
| Total income | 3 250 330.00 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -5 947.47 |
| Flat fee (Note 2) | -8 072 348.69 |
| Taxe d’abonnement (Note 3) | -89 301.36 |
| Cost on securities lending (Note 15) | -3 027.64 |
| Other commissions and fees (Note 2) | -59 808.73 |
| Interest on cash and bank overdraft | -43 776.91 |
| Total expenses | -8 274 210.80 |
|  |  |
| Net income (loss) on investments | -5 023 880.80 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 24 937 918.48 |
| Realized gain (loss) on options | 2 422 046.31 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | -3 310.70 |
| Realized gain (loss) on financial futures | -9 094 173.15 |
| Realized gain (loss) on forward foreign exchange contracts | 14 302 145.73 |
| Realized gain (loss) on swaps | 91 450.98 |
| Realized gain (loss) on foreign exchange | -2 970 472.43 |
| Total realized gain (loss) | 29 685 605.22 |
|  |  |
| Net realized gain (loss) of the financial year | 24 661 724.42 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | -12 430 317.61 |
| Unrealized appreciation (depreciation) on options | -40 483.48 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | -3 376.09 |
| Unrealized appreciation (depreciation) on financial futures | 627 196.44 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -1 664 030.62 |
| Total changes in unrealized appreciation (depreciation) | -13 511 011.36 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 11 150 713.06 |

UBS (Lux) Strategy Fund – Growth (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 | 496 573 995.03 |
| Subscriptions | 38 120 024.44 |
| Redemptions | 	-60 474 530.41	 |
| Total net subscriptions (redemptions) | -22 354 505.97 |
| Net income (loss) on investments | -5 023 880.80 |
| Total realized gain (loss) | 29 685 605.22 |
| Total changes in unrealized appreciation (depreciation) | 	-13 511 011.36	 |
| Net increase (decrease) in net assets as a result of operations | 11 150 713.06 |
| Net assets at the end of the financial year | 485 370 202.12 |
| Development of the outstanding units |  |
|  | 1.2.2020-31.1.2021 |
| Class | P-acc |
| Number of units outstanding at the beginning of the financial year | 184 708.5300 |
| Number of units issued | 15 003.5960 |
| Number of units redeemed | -22 690.4740 |
| Number of units outstanding at the end of the financial year | 177 021.6520 |
| Class | Q-acc |
| Number of units outstanding at the beginning of the financial year | 205 662.4170 |
| Number of units issued | 17 937.2080 |
| Number of units redeemed | -45 397.5180 |
| Number of units outstanding at the end of the financial year | 178 202.1070 |

UBS (Lux) Strategy Fund – Growth (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) | 2 521.00 | 647 897.00 | 0.13 |
| CHF	SWISS RE AG CHF0.10 | 25 189.00 | 1 981 366.74 | 0.41 |
| CHF	VIFOR PHARMA AG CHF0.01 | 4 021.00 | 487 345.20 | 0.10 |
| Total Switzerland |  | 3 116 608.94 | 0.64 |
| United States |  |  |  |
| ILS	INTERNATIONAL FLAVORS&FRAGRANC COM | 0.87 | 89.32 | 0.00 |
| Total United States |  | 89.32 | 0.00 |
| Total Bearer shares |  | 3 116 698.26 | 0.64 |
| Participation certificates |  |  |  |
| Switzerland |  |  |  |
| CHF	LINDT & SPRUENGLI PTG CERT CHF10 | 91.00 | 703 430.00 | 0.15 |
| CHF	SCHINDLER-HLDG AG PTG CERT CHF0.10(POST-SUBD) | 3 578.00 | 842 619.00 | 0.17 |
| Total Switzerland |  | 1 546 049.00 | 0.32 |
| Total Participation certificates |  | 1 546 049.00 | 0.32 |
| Other shares |  |  |  |
| Switzerland |  |  |  |
| CHF	ROCHE HLDGS AG GENUSSCHEINE NPV | 61 758.00 | 18 968 969.70 | 3.91 |
| Total Switzerland |  | 18 968 969.70 | 3.91 |
| Total Other shares |  | 18 968 969.70 | 3.91 |
| Registered shares |  |  |  |
| Switzerland |  |  |  |
| CHF	ABB LTD CHF0.12 (REGD) | 161 905.00 | 4 264 577.70 | 0.88 |
| CHF	ADECCO GROUP AG CHF0.1 (REGD) | 13 603.00 | 759 591.52 | 0.16 |
| CHF	ALCON AG CHF0.04 | 43 218.00 | 2 765 952.00 | 0.57 |
| CHF	BALOISE-HLDGS CHF0.1(REGD) | 4 086.00 | 610 039.80 | 0.12 |
| CHF	BARRY CALLEBAUT AG CHF0.02 (REGD) | 263.00 | 520 477.00 | 0.11 |
| CHF	BQE CANT VAUDOISE CHF1 | 2 556.00 | 241 542.00 | 0.05 |
| CHF	CLARIANT CHF4.00(REGD) | 17 439.00 | 330 643.44 | 0.07 |
| CHF	CREDIT SUISSE GRP CHF0.04(REGD) | 214 876.00 | 2 525 867.38 | 0.52 |
| CHF	EMS-CHEMIE HLDG AG CHF0.01(REGD)(POST RECON) | 722.00 | 607 202.00 | 0.12 |
| CHF	GEBERIT CHF0.10(REGD) | 3 255.00 | 1 775 928.00 | 0.37 |
| CHF	GIVAUDAN AG CHF10 | 811.00 | 2 916 356.00 | 0.60 |
| CHF	JULIUS BAER GRUPPE CHF0.02 (REGD) | 19 744.00 | 1 066 176.00 | 0.22 |
| CHF	KUEHNE&NAGEL INTL CHF1(REGD)(POST-SUBD) | 4 741.00 | 962 897.10 | 0.20 |
| CHF	LAFARGEHOLCIM LTD CHF2 (REGD) | 46 016.00 | 2 220 272.00 | 0.46 |
| CHF	LINDT & SPRUENGLI CHF100(REGD) | 9.00 | 747 900.00 | 0.15 |
| CHF	LOGITECH INTL CHF0.25(REGD) (POST-SUBD) | 14 492.00 | 1 345 727.12 | 0.28 |
| CHF	LONZA GROUP AG CHF1(REGD) | 6 546.00 | 3 731 220.00 | 0.77 |
| CHF	NESTLE SA CHF0.10(REGD) | 253 328.00 | 25 342 933.12 | 5.22 |
| CHF	NOVARTIS AG CHF0.50(REGD) | 195 160.00 | 15 716 234.80 | 3.24 |
| CHF	PARTNERS GROUP HLG CHF0.01 (REGD) | 1 643.00 | 1 732 543.50 | 0.36 |
| CHF	RICHEMONT(CIE FIN) CHF1.00 (REG) SER ‘A’ | 45 858.00 | 3 800 711.04 | 0.78 |
| CHF	SCHINDLER-HLDG AG CHF0.1(REGD)(POST-SUBD) | 1 782.00 | 418 413.60 | 0.09 |
| CHF	SGS LTD CHF1(REGD) | 532.00 | 1 441 188.00 | 0.30 |
| CHF	SIKA AG CHF0.01 (REG) | 12 460.00 | 3 020 304.00 | 0.62 |
| CHF	SONOVA HOLDING AG CHF0.05 (REGD) | 4 805.00 | 1 034 997.00 | 0.21 |
| CHF	STRAUMANN HLDG CHF0.1(REGD) | 908.00 | 898 556.80 | 0.18 |
| CHF	SWATCH GROUP CHF0.45(REGD) | 4 729.00 | 237 632.25 | 0.05 |
| CHF	SWISS LIFE HLDG CHF5.1(REGD) | 2 688.00 | 1 093 747.20 | 0.22 |
| CHF	SWISS PRIME SITE CHF15.3 (REGD) | 6 701.00 | 580 976.70 | 0.12 |
| CHF	SWISSCOM AG CHF1(REGD) | 2 271.00 | 1 102 343.40 | 0.23 |
| CHF	TEMENOS AG CHF5 (REGD) | 5 852.00 | 660 398.20 | 0.14 |
| CHF	UBS GROUP CHF0.10 (REGD) | 322 257.00 | 4 149 058.88 | 0.85 |
| CHF	ZURICH INSURANCE GRP CHF0.10 | 13 215.00 | 4 707 183.00 | 0.97 |
| Total Switzerland |  | 93 329 590.55 | 19.23 |
| Total Registered shares |  | 93 329 590.55 | 19.23 |
| Notes, fixed rate |  |  |  |
| CHF |  |  |  |
| CHF	EUROPEAN INVESTMENT BANK 1.62500% 11-23.11.23 | 500 000.00 | 532 500.00 | 0.11 |
| CHF	SULZER AG 0.87500% 20-18.11.27 | 100 000.00 | 101 750.00 | 0.02 |
| Total CHF |  | 634 250.00 | 0.13 |
| Total Notes, fixed rate |  | 634 250.00 | 0.13 |
| Notes, zero coupon |  |  |  |
| CHF |  |  |  |
| CHF	CREDIT SUISSE SCHWEIZ AG-REG-S 0.00000% 20-31.07.25 | 250 000.00 | 254 125.00 | 0.05 |
| Total CHF |  | 254 125.00 | 0.05 |
| Total Notes, zero coupon |  | 254 125.00 | 0.05 |

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

Medium term notes, fixed rate
| CHF |  |
| --- | --- |
| CHF | ABN AMRO BANK NV 2.62500% 11-27.04.21 | 150 000.00 | 151 170.00 | 0.03 |
| CHF | ADCB FINANCE CAYMAN LTD-REG-S 0.37500% 18-23.01.23 | 100 000.00 | 100 562.50 | 0.02 |
| CHF | ADCB FINANCE CAYMAN LTD 0.72500% 18-15.02.24 | 100 000.00 | 101 656.25 | 0.02 |
| CHF | AMP GROUP FINANCE SERVICES LTD-REG-S 0.80000% 19-18.07.23 | 250 000.00 | 249 875.00 | 0.05 |
| CHF | AMP GROUP FINANCE SERVICES LTD-REG-S 0.20310% 20-03.06.24 | 60 000.00 | 58 710.00 | 0.01 |
| CHF | AUCKLAND COUNCIL 1.12500% 13-07.02.24 | 100 000.00 | 105 050.00 | 0.02 |
| CHF | BANCO DE CREDITO E INVERSIONES-REG-S 0.40000% 19-22.11.24 | 75 000.00 | 75 562.50 | 0.02 |
| CHF | BANCO SANTANDER CHILE-REG-S 0.38400% 19-27.09.24 | 75 000.00 | 75 463.50 | 0.02 |
| CHF | BANK OF MONTREAL-REG-S 0.05000% 18-30.12.22 | 200 000.00 | 202 000.00 | 0.04 |
| CHF | BANK OF NOVA SCOTIA-REG-S 0.20000% 18-19.11.25 | 100 000.00 | 103 050.00 | 0.02 |
| CHF | BASELLANDSCHAFTLICHE KANTONALBANK 0.05000% 20-28.01.31 | 100 000.00 | 100 300.00 | 0.02 |
| CHF | BMW INTERNATIONAL INVESTMENT BV-REG-S 0.30000% 19-05.09.24 | 170 000.00 | 173 485.00 | 0.04 |
| CHF | CAISSE DES DEPOTS ET CONSIGNATIONS 0.25000% 18-30.05.25 | 200 000.00 | 206 200.00 | 0.04 |
| CHF | CANADIAN IMPERIAL BANK-REG-S 0.15000% 18-31.07.23 | 100 000.00 | 101 350.00 | 0.02 |
| CHF | CBQ FINANCE LTD-REG-S 0.69700% 18-22.03.21 | 250 000.00 | 250 078.12 | 0.05 |
| CHF | CENTRAL AMERICAN BK ECO INTEGRAT 0.19400% 15-19.11.21 | 200 000.00 | 201 300.00 | 0.04 |
| CHF | CENTRAL AMERICAN BK ECO INTEGRAT-REG-S 0.20000% 19-25.03.24 | 400 000.00 | 406 600.00 | 0.09 |
| CHF | COMMONWEALTH BANK OF AUSTRALIA 1.50000% 14-07.02.22 | 40 000.00 | 40 848.00 | 0.01 |
| CHF | CORP ANDINA DE FOMENTO 1.37500% 13-11.02.21 | 250 000.00 | 250 125.00 | 0.05 |
| CHF | CORPORACION ANDINA DE FOMENTO 0.50000% 15-26.02.26 | 50 000.00 | 51 125.00 | 0.01 |
| CHF | CORPORACION ANDINA DE FOMENTO 0.15000% 16-24.02.22 | 100 000.00 | 100 510.00 | 0.02 |
| CHF | CREDIT AGRICOLE HOME LOAN SFH SA 0.25000% 15-18.06.26 | 100 000.00 | 103 450.00 | 0.02 |
| CHF | CREDIT AGRICOLE HOME LOAN SFH SA-REG-S 0.25000% 18-08.12.25 | 100 000.00 | 103 200.00 | 0.02 |
| CHF | CREDIT SUISSE LONDON BRANCH-REG-S 1.00000% 14-24.09.21 | 200 000.00 | 202 000.00 | 0.04 |
| CHF | DANSKE BANK AS-REG-S 0.62500% 19-24.11.22 | 200 000.00 | 202 200.00 | 0.04 |
| CHF | DEUTSCHE BAHN FINANCE GMBH-REG-S 0.50000% 18-18.07.28 | 90 000.00 | 95 301.00 | 0.02 |
| CHF | DVB BANK SE 0.57500% 15-17.06.22 | 150 000.00 | 150 975.00 | 0.03 |
| CHF | EUROPEAN INVESTMENT BANK 1.50000% 12-02.08.24 | 100 000.00 | 107 650.00 | 0.02 |
| CHF | EXPORT-IMPORT BANK OF KOREA-REG-S 0.25300% 18-06.03.23 | 200 000.00 | 202 600.00 | 0.04 |
| CHF | EXPORT-IMPORT BANK OF KOREA-REG-S 0.38250% 18-11.07.24 | 120 000.00 | 122 760.00 | 0.03 |
| CHF | FIRST ABU DHABI BANK PJSC-REG-S 0.07000% 19-18.10.27 | 300 000.00 | 298 218.75 | 0.06 |
| CHF | FIRST ABU DHABI BANK PJSC-REG-S 0.20500% 19-04.12.25 | 100 000.00 | 100 843.75 | 0.02 |
| CHF | HYUNDAI CAPITAL SERVICES INC-REG-S 0.75250% 20-06.07.23 | 50 000.00 | 50 954.00 | 0.01 |
| CHF | ING BANK NV 2.62500% 11-23.03.21 | 200 000.00 | 200 920.00 | 0.04 |
| CHF | INSTITUTO DE CREDITO OFICIAL 3.25000% 07-28.06.24 | 200 000.00 | 225 300.00 | 0.05 |
| CHF | JACKSON NATIONAL LIFE GLOBAL FUND-REG-S 0.12500% 20-14.07.28 | 100 000.00 | 100 000.00 | 0.02 |
| CHF | KOREA DEVELOPMENT BANK-REG-S 0.30300% 18-14.06.23 | 200 000.00 | 203 300.00 | 0.04 |
| CHF | KOREA NATIONAL OIL CORP-REG-S 0.37300% 18-01.06.23 | 300 000.00 | 305 100.00 | 0.07 |
| CHF | KOREA WATER RESOURCES CORP-REG-S 0.15000% 18-20.09.23 | 500 000.00 | 505 781.25 | 0.11 |
| CHF | LAFARGEHOLCIM HELVETIA FINANCE-REG-S 1.05000% 20-11.04.22 | 150 000.00 | 152 130.00 | 0.03 |
| CHF | LUZERNER KANTONALBANK-REG-S 0.10000% 18-08.05.24 | 100 000.00 | 101 700.00 | 0.02 |
| CHF | METROPOLITAN LIFE GLOBAL FUNDING-REG-S 1.00000% 14-19.09.22 | 100 000.00 | 102 500.00 | 0.02 |
| CHF | MUNICIPALITY FINANCE PLC 0.87500% 13-01.02.23 | 200 000.00 | 206 200.00 | 0.04 |
| CHF | NATIONAL AUSTRALIA BANK LTD 1.00000% 14-10.12.21 | 200 000.00 | 202 740.00 | 0.04 |
| CHF | NATIONAL AUSTRALIA BANK LTD 0.25000% 18-13.03.24 | 200 000.00 | 203 900.00 | 0.04 |
| CHF | NATIONAL AUSTRALIA BANK LTD-REG-S 0.06500% 20-29.01.29 | 100 000.00 | 101 200.00 | 0.02 |
| CHF | NATWEST MARKETS PLC-REG-S 0.12500% 19-13.09.23 | 200 000.00 | 201 000.00 | 0.04 |
| CHF | NEDERLANDSE WATERSCHAPSBANK NV 2.37500% 06-27.01.23 | 300 000.00 | 318 300.00 | 0.07 |
| CHF | NEDERLANDSE WATERSCHAPSBANK NV 1.37500% 12-13.09.27 | 100 000.00 | 111 800.00 | 0.03 |
| CHF | NEW YORK LIFE GLOBAL FUNDING 0.37500% 15-02.02.22 | 100 000.00 | 101 030.00 | 0.02 |
| CHF | OESTERREICHISCHE KONTROLLBANK AG 1.75000% 12-24.05.23 | 100 000.00 | 105 650.00 | 0.02 |
| CHF | POLAND, REPUBLIC OF-REG-S 1.00000% 14-17.09.21 | 100 000.00 | 101 093.75 | 0.02 |
| CHF | ROYAL BANK OF CANADA 2.25000% 11-21.04.21 | 100 000.00 | 100 630.00 | 0.02 |
| CHF | SANTANDER CONSUMER FINANCE SA-REG-S 0.15000% 19-10.12.24 | 100 000.00 | 101 150.00 | 0.02 |
| CHF | SYNGENTA FINANCE LTD REG-S 1.62500% 14-01.11.24 | 100 000.00 | 100 500.00 | 0.02 |
| CHF | TOTAL CAPITAL INTERNATIONAL SA-REG-S 1.00000% 14-29.08.24 | 50 000.00 | 52 500.00 | 0.01 |
| CHF | UBS GROUP AG-REG-S 0.87500% 19-30.01.25 | 200 000.00 | 206 900.00 | 0.05 |
| CHF | VERIZON COMMUNICATIONS INC-REG-S 0.37500% 17-31.05.23 | 50 000.00 | 50 850.00 | 0.01 |
| Total CHF |  |  | 9 007 348.37 | 1.86 |
| Total Medium term notes, fixed rate |  | 9 007 348.37 | 1.86 |
| Medium term notes, zero coupon |  |  |  |
| CHF |  |  |  |
| CHF	BANK OF THE PHILIPPINE ISLANDS-REG-S 0.00000% 19-24.09.21 | 200 000.00 | 199 437.50 | 0.04 |
| CHF	KOREA HYDRO & NUCLEAR POWER CO-REG-S 0.00000% 19-19.07.24 | 200 000.00 | 201 368.00 | 0.04 |
| CHF	NATIONWIDE BUILDING SOCIETY-REG-S 0.00000% 19-11.07.25 | 235 000.00 | 239 230.00 | 0.05 |
| Total CHF |  | 640 035.50 | 0.13 |
| Total Medium term notes, zero coupon |  | 640 035.50 | 0.13 |
| Bonds, fixed rate |  |  |  |
| CHF |  |  |  |
| CHF	AARGAUISCHE KANTONALBANK 0.15000% 15-18.05.22 | 300 000.00 | 302 790.00 | 0.06 |
| CHF	APPLE INC-REG-S 0.37500% 15-25.11.24 | 65 000.00 | 67 112.50 | 0.02 |
| CHF	BASLER KANTONALBANK 0.15000% 19-02.04.27 | 100 000.00 | 102 250.00 | 0.02 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT 1.12500% 14-24.02.23 | 100 000.00 | 103 250.00 | 0.02 |
| CHF	COOP-GRUPPE GENOSSENSCHAFT-REG-S 0.25000% 16-30.09.22 | 100 000.00 | 100 750.00 | 0.02 |
| CHF	DEUTSCHE PFANDBRIEFBANK AG-REG-S 0.12500% 19-05.06.23 | 200 000.00 | 200 800.00 | 0.04 |
| CHF	FREIBURGER KANTONALBANK 0.14000% 20-12.06.30 | 100 000.00 | 101 500.00 | 0.02 |
| CHF	GRAUBUENDNER KANTONALBANK 1.37500% 13-11.03.25 | 300 000.00 | 322 350.00 | 0.07 |
| CHF	KEB HANA BANK-REG-S 0.40750% 18-14.09.23 | 200 000.00 | 203 187.50 | 0.04 |
| CHF	MONDELEZ INTERNATIONAL INC-REG-S 0.61700% 17-30.09.24 | 100 000.00 | 102 600.00 | 0.02 |
| CHF	MONDELEZ INTL-REG-S 0.62500% 15-30.12.21 | 50 000.00 | 50 410.00 | 0.01 |
| CHF	OESTERREICHISCHE KONTROLLBANK AG 1.00000% 12-28.09.21 | 200 000.00 | 202 240.00 | 0.04 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONALBANKEN 0.01000% 17-05.02.24 | 250 000.00 | 254 250.00 | 0.05 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONAL-REG-S 0.25000% 18-20.07.26 | 50 000.00 | 51 810.00 | 0.01 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONBK-REG-S 0.12500% 20-03.09.35 | 100 000.00 | 101 470.00 | 0.02 |
| CHF	RAIFFEISEN SCHWEIZ GENOSSENSCHAFT-REG-S 0.18250% 20-11.11.25 | 100 000.00 | 100 500.00 | 0.02 |
| CHF	ROCHE KAPITALMARKT AG 0.10000% 17-23.09.24 | 60 000.00 | 61 230.00 | 0.01 |
| CHF	SGS SA-REG-S 0.45000% 20-06.11.23 | 120 000.00 | 122 280.00 | 0.03 |

UBS (Lux) Strategy Fund – Growth (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) |  |
|  |  |  |  |  |
| CHF | ST GALLER KANTONALBANK 1.37500% 12-22.06.27 | 100 000.00 | 110 300.00 | 0.03 |
| CHF | UBS AG/LONDON-REG-S 0.17000% 20-13.05.22 | 300 000.00 | 302 850.00 | 0.06 |
| CHF | UBS GROUP AG-REG-S 0.62500% 17-18.05.24 | 200 000.00 | 204 400.00 | 0.04 |
| CHF | ZUERCHER KANTONALBANK 1.50000% 14-27.01.23 | 200 000.00 | 208 100.00 | 0.05 |
| CHF | ZUERCHER KANTONALBANK 0.04000% 15-09.12.22 | 200 000.00 | 202 100.00 | 0.04 |
| CHF | ZUERICH, CITY OF-REG-S 2.75000% 05-14.02.25 | 50 000.00 | 56 600.00 | 0.01 |
| Total CHF |  |  | 3 635 130.00 | 0.75 |
| Total Bonds, fixed rate |  | 3 635 130.00 | 0.75 |
| Bonds, zero coupon |  |  |  |
| CHF |  |  |  |
| CHF	BALOISE HOLDING AG-REG-S 0.00000% 19-23.09.22 | 200 000.00 | 199 580.00 | 0.04 |
| CHF	BASEL-STADT, CANTON OF 0.00000% 16-05.09.23 | 50 000.00 | 50 850.00 | 0.01 |
| CHF	BASLER KANTONALBANK-REG-S 0.00000% 18-11.04.22 | 200 000.00 | 201 180.00 | 0.04 |
| CHF	KOREA GAS CORP-REG-S 0.00000% 19-28.11.23 | 210 000.00 | 211 890.00 | 0.05 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 0.00000% 16-05.07.22 | 300 000.00 | 302 700.00 | 0.06 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 0.00000% 17-22.11.22 | 300 000.00 | 303 270.00 | 0.06 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONALBANKEN 0.00000% 16-07.11.22 | 100 000.00 | 101 100.00 | 0.02 |
| CHF	VALIANT BANK AG-REG-S 0.00000% 19-31.10.25 | 200 000.00 | 203 500.00 | 0.04 |
| CHF	ZUERCHER KANTONALBANK 0.00000% 21-21.01.33 | 100 000.00 | 99 300.00 | 0.02 |
| Total CHF |  | 1 673 370.00 | 0.34 |
| Total Bonds, zero coupon |  | 1 673 370.00 | 0.34 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 1 295 000.00 | 1 630 530.28 | 0.34 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 1 930 000.00 | 1 889 626.82 | 0.39 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.11.27 | 1 900 000.00 | 1 860 848.60 | 0.38 |
| USD	AMERICA, UNITED STATES OF 2.87500% 18-31.05.25 | 185 000.00 | 182 525.07 | 0.04 |
| USD	AMERICA, UNITED STATES OF 2.75000% 14-15.02.24 | 380 000.00 | 364 365.57 | 0.08 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 475 000.00 | 424 738.83 | 0.09 |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 400 000.00 | 363 373.80 | 0.07 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 200 000.00 | 183 702.40 | 0.04 |
| USD	AMERICA, UNITED STATES OF 2.12500% 15-15.05.25 | 1 190 000.00 | 1 139 302.73 | 0.23 |
| USD	AMERICA, UNITED STATES OF 1.75000% 19-15.11.29 | 780 000.00 | 740 291.76 | 0.15 |
| USD	AMERICA, UNITED STATES OF 0.25000% 20-31.07.25 | 310 000.00 | 274 364.81 | 0.06 |
| Total USD |  | 9 053 670.67 | 1.87 |
| Total Treasury notes, fixed rate |  | 9 053 670.67 | 1.87 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 141 859 237.05 | 29.23 |

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 | 28 137.00 | 0.30 | 0.00 |
| Total Portugal | 0.30 | 0.00 |
| Total Registered shares | 0.30 | 0.00 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market | 0.30 | 0.00 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |  |
| Investment funds, open end |  |  |
| Ireland |  |  |
| USD	ISHARES MSCI USA ESG SCREENED UCITS ETF UNHEGDED USD-CAP	3 020 266.00 | 19 570 859.76 | 4.03 |
| USD	ISHRS III PLC-MSCI WORLD SML CAP UCITS ETF-UNHDG USD-ACC	1 765 000.00 | 10 353 529.54 | 2.13 |
| USD	UBS (IRL) INVESTOR SELECTION PLC - GLOB EMER MKT OPP-I-B USD	18 500.00 | 5 504 194.95 | 1.14 |
| Total Ireland | 35 428 584.25 | 7.30 |
| Luxembourg |  |  |
| EUR	UBS (LUX) BOND SICAV - EUR CORP SUSTAINABLE (EUR) U-X-ACC	1 377.00 | 18 942 305.01 | 3.90 |
| USD	UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS	144 507.00 | 14 372 273.16 | 2.96 |
| USD	UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC	3 529.68 | 38 629 986.58 | 7.96 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND-GLOBAL BONDS (USD)-U-X ACC	1 828.00 | 23 682 870.49 | 4.88 |
| USD	UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC	3 376.00 | 40 547 142.59 | 8.35 |
| USD	UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC	815.00 | 29 447 277.52 | 6.07 |
| USD	UBS (LUX) EQUITY SICAV-GLOBAL QUANTITATIVE (USD) U-X-ACC	2 609.00 | 40 072 181.19 | 8.26 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL OPPORTUNITY (USD) U-X-ACC	3 942.00 | 38 907 245.08 | 8.01 |
| USD	UBS (LUX) INST FUND-KEY SEL. GLOBAL EQUITY FA-USD	1 486.17 | 40 083 039.83 | 8.26 |
| USD	UBS (LUX) INSTITUTION SICAV-EQUITIES GLB (EX USA) PASSIVE XA	147 208.00 | 14 744 362.70 | 3.04 |
| Total Luxembourg | 299 428 684.15 | 61.69 |
| Total Investment funds, open end | 334 857 268.40 | 68.99 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 334 857 268.40 | 68.99 |

UBS (Lux) Strategy Fund – Growth (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 |
| --- | --- | --- | --- |
| 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 | -257.00 | -106 659.53 | -0.02 |
| EUR	EURO STOXX 50 INDEX CALL 4000.00000 19.03.21 | -257.00 | -1 388.80 | 0.00 |
| EUR	EURO STOXX 50 INDEX CALL 3650.00000 19.03.21 | 257.00 | 109 437.12 | 0.02 |
| Total EUR |  | 1 388.79 | 0.00 |
| Total Options on indices, classic-styled |  | 1 388.79 | 0.00 |
| Total Derivative instruments listed on an official stock exchange |  | 1 388.79 | 0.00 |
| Total investments in securities |  | 476 717 894.54 | 98.22 |
| Derivative instruments |  |  |  |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Financial Futures on bonds |  |  |  |
|  |  |  |  |
| USD	US LONG BOND FUTURE 22.03.21 | 61.00 | -313 723.00 | -0.06 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.21 | -114.00 | 792.35 | 0.00 |
| Total Financial Futures on bonds |  | -312 930.65 | -0.06 |
| Financial Futures on Indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.03.21 | 32.00 | -22 998.89 | -0.01 |
| CHF	SWISS MARKET INDEX FUTURE 19.03.21 | 74.00 | 150 960.00 | 0.03 |
| GBP	FTSE 100 INDEX FUTURE 19.03.21 | 202.00 | -402 858.83 | -0.08 |
| SEK	OMX 30 INDEX FUTURE 19.02.21 | -94.00 | 13 391.17 | 0.00 |
| USD	S&P500 EMINI FUTURE 19.03.21 | -180.00 | 33 480.10 | 0.01 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 19.03.21 | 122.00 | -64 936.35 | -0.01 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 11.03.21 | 17.00 | 156 600.87 | 0.03 |
| AUD	SPI 200 INDEX FUTURES 18.03.21 | 46.00 | -40 201.94 | -0.01 |
| CAD	S&P/TSX 60 INDEX FUTURE 18.03.21 | 25.00 | -16 493.24 | 0.00 |
| HKD	HANG SENG INDEX FUTURE 25.02.21 | -13.00 | 113 502.49 | 0.02 |
| Total Financial Futures on Indices |  | -79 554.62 | -0.02 |
| Total Derivative instruments listed on an official stock exchange |  | -392 485.27 | -0.08 |
| Total Derivative instruments |  | -392 485.27 | -0.08 |
| Forward Foreign Exchange contracts |  |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| GBP | 210 000.00 | CHF | 252 276.78 | 4.2.2021 | 4 235.29 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 21 713 751.34 | EUR | 20 107 064.20 | 4.2.2021 | -16 750.59 | 0.00 |
| GBP | 8 252 095.89 | CHF | 9 919 720.69 | 4.2.2021 | 160 099.27 | 0.03 |
| CHF | 3 956 963.37 | AUD | 5 948 773.28 | 4.2.2021 | -102 991.39 | -0.02 |
| SGD | 2 630 000.00 | CHF | 1 777 697.27 | 4.2.2021 | -14 927.56 | 0.00 |
| CHF | 939 732.99 | SEK | 8 900 618.99 | 4.2.2021 | -10 676.07 | 0.00 |
| JPY | 268 606 864.00 | CHF | 2 341 988.39 | 4.2.2021 | -59 797.33 | -0.01 |
| CHF | 25 054.20 | NZD | 40 000.00 | 4.2.2021 | -588.45 | 0.00 |
| CHF | 445 610.38 | NOK | 4 437 156.40 | 4.2.2021 | -15 853.49 | 0.00 |
| ILS | 50 000.00 | CHF | 13 548.72 | 4.2.2021 | 30.99 | 0.00 |
| CHF | 1 039 833.45 | CAD | 1 497 309.38 | 4.2.2021 | -2 770.64 | 0.00 |
| CHF | 1 551 691.63 | DKK | 10 700 000.00 | 4.2.2021 | -3 078.39 | 0.00 |
| CHF | 3 791 032.17 | HKD | 32 355 000.00 | 4.2.2021 | 79 348.15 | 0.02 |
| CHF | 98 724 343.74 | USD | 108 703 307.36 | 4.2.2021 | 2 032 209.42 | 0.42 |
| CHF | 268 161.79 | USD | 295 000.00 | 4.2.2021 | 5 757.82 | 0.00 |
| GBP | 530 000.00 | CHF | 641 127.75 | 4.2.2021 | 6 259.85 | 0.00 |
| CHF | 29 354.97 | HKD | 250 000.00 | 4.2.2021 | 675.60 | 0.00 |
| GBP | 220 000.00 | CHF | 267 224.54 | 4.2.2021 | 1 502.39 | 0.00 |
| AUD | 300 000.00 | CHF | 200 677.50 | 4.2.2021 | 4 068.31 | 0.00 |
| USD | 300 000.00 | CHF | 266 643.00 | 4.2.2021 | 208.50 | 0.00 |
| GBP | 170 000.00 | CHF | 204 101.49 | 4.2.2021 | 3 551.14 | 0.00 |
| JPY | 25 000 000.00 | CHF | 214 380.29 | 4.2.2021 | -1 970.32 | 0.00 |
| EUR | 150 000.00 | CHF | 162 386.85 | 4.2.2021 | -275.90 | 0.00 |
| CAD | 1 380 000.00 | JPY | 112 430 808.00 | 4.2.2021 | 5 662.86 | 0.00 |
| NOK | 14 300 000.00 | USD | 1 619 959.72 | 4.2.2021 | 46 241.39 | 0.01 |
| AUD | 2 170 000.00 | JPY | 170 146 091.00 | 4.2.2021 | 35 368.43 | 0.01 |
| JPY | 20 000 000.00 | CHF | 170 554.18 | 4.2.2021 | -626.20 | 0.00 |
| CHF | 722 216.77 | SEK | 6 850 000.00 | 4.2.2021 | -9 226.97 | 0.00 |
| CHF | 207 242.44 | AUD | 310 000.00 | 4.2.2021 | -4 328.23 | 0.00 |
| EUR | 300 000.00 | CHF | 323 203.02 | 4.2.2021 | 1 018.88 | 0.00 |
| CHF | 225 462.90 | CAD | 325 000.00 | 4.2.2021 | -840.58 | 0.00 |
| HKD | 3 150 000.00 | CHF | 360 175.72 | 4.2.2021 | 1 184.34 | 0.00 |
| CHF | 5 357 245.40 | GBP | 4 540 000.00 | 4.2.2021 | -188 301.24 | -0.04 |
| CHF | 4 911 247.53 | USD | 5 545 000.00 | 4.2.2021 | -21 057.64 | 0.00 |
| USD | 3 140 000.00 | CHF | 2 777 948.58 | 4.2.2021 | 15 097.09 | 0.00 |
| CHF | 594 473.00 | EUR | 550 000.00 | 4.2.2021 | 66.18 | 0.00 |
| GBP | 440 000.00 | CHF | 528 014.96 | 4.2.2021 | 9 438.90 | 0.00 |
| USD | 390 000.00 | CHF | 343 990.14 | 4.2.2021 | 2 916.81 | 0.00 |
| CHF | 257 408.03 | JPY | 30 000 000.00 | 4.2.2021 | 2 516.06 | 0.00 |
| USD | 3 040 000.00 | CHF | 2 686 338.56 | 4.2.2021 | 17 756.61 | 0.00 |
| CHF | 169 964.41 | USD | 192 500.00 | 4.2.2021 | -1 265.30 | 0.00 |
| AUD | 180 000.00 | CHF | 120 210.12 | 4.2.2021 | 2 637.37 | 0.00 |

UBS (Lux) Strategy Fund – Growth (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
| CAD | 170 000.00 | CHF | 117 097.53 | 4.2.2021 | 1 276.60 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 130 000.00 | CHF | 114 947.43 | 4.2.2021 | 688.22 | 0.00 |
| CHF | 121 807.13 | EUR | 112 500.00 | 4.2.2021 | 223.92 | 0.00 |
| EUR | 90 000.00 | CHF | 97 573.32 | 4.2.2021 | -306.75 | 0.00 |
| JPY | 14 000 000.00 | CHF | 120 395.10 | 4.2.2021 | -1 445.52 | 0.00 |
| USD | 130 000.00 | CHF | 115 582.61 | 4.2.2021 | 53.04 | 0.00 |
| CHF | 28 348.12 | HKD | 250 000.00 | 4.2.2021 | -331.25 | 0.00 |
| CHF | 28 316.11 | HKD | 250 000.00 | 19.3.2021 | -330.15 | 0.00 |
| CHF | 21 128 038.05 | EUR | 19 552 208.27 | 19.3.2021 | 3 380.46 | 0.00 |
| GBP | 5 048 757.13 | CHF | 6 034 910.67 | 19.3.2021 | 125 919.10 | 0.02 |
| CHF | 1 143 559.29 | CAD | 1 654 574.68 | 19.3.2021 | -7 257.91 | 0.00 |
| CHF | 815 744.24 | AUD | 1 193 475.73 | 19.3.2021 | 2 008.11 | 0.00 |
| CHF | 95 619 911.62 | USD | 109 331 753.48 | 19.3.2021 | -1 512 487.06 | -0.31 |
| SGD | 1 655 000.00 | CHF | 1 099 380.69 | 19.3.2021 | 8 520.21 | 0.00 |
| NOK | 9 831 626.34 | CHF | 1 022 580.77 | 19.3.2021 | -1 448.09 | 0.00 |
| JPY | 12 667 471.00 | CHF | 107 799.55 | 19.3.2021 | -256.29 | 0.00 |
| ILS | 50 000.00 | CHF | 13 754.45 | 19.3.2021 | -179.14 | 0.00 |
| CHF | 25 562.88 | NZD | 40 000.00 | 19.3.2021 | -48.56 | 0.00 |
| CHF | 1 258 774.66 | DKK | 8 664 000.00 | 19.3.2021 | 400.46 | 0.00 |
| CHF | 3 320 304.37 | HKD | 29 440 000.00 | 19.3.2021 | -53 079.56 | -0.01 |
| CHF | 1 660 684.89 | SEK | 15 470 649.84 | 19.3.2021 | 9 994.05 | 0.00 |
| CHF | 48 395.60 | SEK | 450 000.00 | 19.3.2021 | 381.40 | 0.00 |
| CHF | 48 435.68 | SEK | 450 000.00 | 4.2.2021 | 384.63 | 0.00 |
| CHF | 270 890.18 | EUR | 250 000.00 | 19.3.2021 | 784.40 | 0.00 |
| CHF | 270 970.58 | EUR | 250 000.00 | 4.2.2021 | 785.66 | 0.00 |
| CHF | 69 101.66 | SEK | 650 000.00 | 19.3.2021 | -252.18 | 0.00 |
| CHF | 69 157.42 | SEK | 650 000.00 | 4.2.2021 | -249.65 | 0.00 |
| CHF | 34 338.42 | HKD | 300 000.00 | 4.2.2021 | -76.82 | 0.00 |
| CHF | 34 299.94 | HKD | 300 000.00 | 19.3.2021 | -75.58 | 0.00 |
| CHF | 513 886.50 | GBP | 425 000.00 | 4.2.2021 | -5 245.07 | 0.00 |
| CHF | 513 364.47 | GBP | 425 000.00 | 19.3.2021 | -5 248.84 | 0.00 |
| HKD | 3 150 000.00 | CHF | 361 210.07 | 19.3.2021 | -267.16 | 0.00 |
| HKD | 3 150 000.00 | CHF | 361 613.54 | 4.2.2021 | -253.48 | 0.00 |
| CHF | 140 354.35 | NOK | 1 350 000.00 | 4.2.2021 | -45.53 | 0.00 |
| CHF | 140 143.34 | NOK | 1 350 000.00 | 19.3.2021 | -70.40 | 0.00 |
| CHF | 617 166.59 | JPY | 72 000 000.00 | 4.2.2021 | 5 425.87 | 0.00 |
| CHF | 616 676.32 | JPY | 72 000 000.00 | 19.3.2021 | 5 416.61 | 0.00 |
| CHF | 169 739.16 | SEK | 1 600 000.00 | 19.3.2021 | -978.00 | 0.00 |
| CHF | 123 480.41 | AUD | 180 000.00 | 4.2.2021 | 632.92 | 0.00 |
| CHF | 123 360.93 | AUD | 180 000.00 | 19.3.2021 | 633.25 | 0.00 |
| CHF | 293 360.76 | CAD | 420 000.00 | 4.2.2021 | 907.03 | 0.00 |
| CHF | 293 039.46 | CAD | 420 000.00 | 19.3.2021 | 914.10 | 0.00 |
| CHF | 151 902.84 | DKK | 1 050 000.00 | 4.2.2021 | -668.05 | 0.00 |
| CHF | 151 844.17 | DKK | 1 050 000.00 | 19.3.2021 | -659.63 | 0.00 |
| CHF | 322 863.84 | EUR | 300 000.00 | 4.2.2021 | -1 358.06 | 0.00 |
| CHF | 322 768.47 | EUR | 300 000.00 | 19.3.2021 | -1 358.46 | 0.00 |
| CHF | 169 877.76 | SEK | 1 600 000.00 | 4.2.2021 | -970.41 | 0.00 |
| CHF | 2 478 747.60 | USD | 2 790 000.00 | 19.3.2021 | 58.80 | 0.00 |
| CHF | 2 481 781.17 | USD | 2 790 000.00 | 4.2.2021 | 62.25 | 0.00 |
| IDR | 50 923 620 000.00 | USD | 3 596 808.87 | 26.3.2021 | 15 907.90 | 0.00 |
| INR | 258 690 000.00 | USD | 3 508 327.00 | 26.3.2021 | 13 974.23 | 0.00 |
| RUB | 158 980 000.00 | USD | 2 141 043.86 | 26.3.2021 | -41 340.26 | -0.01 |
| USD | 3 648 901.69 | TWD | 101 330 000.00 | 26.3.2021 | 7 268.23 | 0.00 |
| CHF | 40 215.63 | HKD | 350 000.00 | 4.2.2021 | 64.51 | 0.00 |
| CHF | 40 169.37 | HKD | 350 000.00 | 19.3.2021 | 64.60 | 0.00 |
| GBP | 170 000.00 | CHF | 207 210.62 | 4.2.2021 | 442.01 | 0.00 |
| GBP | 158 000.00 | CHF | 192 388.54 | 19.3.2021 | 413.59 | 0.00 |
| USD | 340 000.00 | CHF | 301 658.88 | 4.2.2021 | 772.82 | 0.00 |
| USD | 330 000.00 | CHF | 292 424.88 | 19.3.2021 | 753.36 | 0.00 |
| CHF | 34 295.84 | HKD | 300 000.00 | 19.3.2021 | -79.68 | 0.00 |
| CHF | 34 335.60 | HKD | 300 000.00 | 4.2.2021 | -79.64 | 0.00 |
| EUR | 153 000.00 | CHF | 165 091.90 | 19.3.2021 | 212.84 | 0.00 |
| EUR | 170 000.00 | CHF | 183 490.01 | 4.2.2021 | 235.73 | 0.00 |
| USD | 220 000.00 | CHF | 195 567.24 | 4.2.2021 | 123.86 | 0.00 |
| CHF | 146 022.36 | GBP | 120 000.00 | 4.2.2021 | -555.97 | 0.00 |
| CHF | 145 874.16 | GBP | 120 000.00 | 19.3.2021 | -557.83 | 0.00 |
| USD | 220 000.00 | CHF | 195 328.10 | 19.3.2021 | 124.06 | 0.00 |
| Total Forward Foreign Exchange contracts | 554 173.21 | 0.11 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 9 270 548.82 | 1.91 |
| Bank overdraft and other short-term liabilities | -319 251.17 | -0.07 |
| Other assets and liabilities | -460 678.01 | -0.09 |
| Total net assets | 485 370 202.12 | 100.00 |

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

Translation (ENFR, 2021-01-31):
# UBS (Lux) Strategy Fund – Growth (CHF)
| Comparaison sur trois ans |  |
| --- | --- |
|  | ISIN | 31.1.2021 | 31.1.2020 | 31.1.2019 |
| Actif net en CHF |  | 485 370 202.12 | 496 573 995.03 | 480 812 914.13 |
| Catégorie P-acc | LU0033034892 |  |  |  |
| Parts en circulation |  | 177 021.6520 | 184 708.5300 | 194 575.1990 |
| Valeur nette d’inventaire par part en CHF |  | 2 605.95 | 2 542.81 | 2 348.12 |
| Prix d’émission et de rachat par part en CHF 1 |  | 2 605.95 | 2 542.81 | 2 348.12 |
| Catégorie Q-acc | LU0941351412 |  |  |  |
| Parts en circulation |  | 178 202.1070 | 205 662.4170 | 199 629.8160 |
| Valeur nette d’inventaire par part en CHF |  | 135.02 | 130.77 | 119.86 |
| Prix d’émission et de rachat par part en CHF 1 |  | 135.02 | 130.77 | 119.86 |
| 1  Voir note 1 |  |  |  |  |
| Performance |  |  |  |  |
|  | Devise | 2020/2021 | 2019/2020 | 2018/2019 |
| Catégorie P-acc | CHF | 2.5% | 8.3% | -6.3% |
| Catégorie Q-acc | CHF | 3.2% | 9.1% | -5.6% |

La performance historique n’est pas un indicateur de la performance actuelle ou future.
Les données de performance ne tiennent pas compte des commissions et des frais prélevés lors de l’émission et du rachat des parts. Les données de performance ne sont pas auditées.
Le compartiment n’a pas d’indice de référence.

## Rapport du Gestionnaire de portefeuille
Au premier trimestre, le Covid-19 a fait plonger l’écono- mie mondiale dans la plus forte récession des dernières décennies. Les plans d’aide successifs des gouvernements ont stabilisé l’activité économique et ont contribué à une solide reprise sur l’ensemble des marchés financiers in- ternationaux.
Plusieurs annonces d’avancées dans le secteur pharma- ceutique ont encore amélioré l’opinion des investisseurs vers la fin de l’année, même si le scepticisme vis-à-vis de la mise en œuvre des programmes de vaccination a quelque peu réduit l’espoir de voir une normalisation ra- pide de la situation en 2021.
Le positionnement axé sur la croissance, allié à une ap- proche disciplinée, a finalement porté ses fruits, dans un contexte de marchés généralement solides suite à la vague vendeur du premier trimestre.
Au cours de l’exercice allant du 1
er 
février 2020 au 31 janvier 2021, le compartiment a affiché une perfor- mance positive.

## Structure du portefeuille-titres
Répartition selon les devises en % de l’actif net	
USD	66.95
CHF	27.36
EUR	3.91
Répartition selon les instruments de placement en % de l’actif net	
| Fonds d’investissement, ouvert | 68.99 |
| --- | --- |
| Actions nominatives | 19.23 |
| Autres actions | 3.91 |
| Bons du Trésor à moyen terme, taux fixe | 1.87 |
| Medium-Term Notes, taux fixe | 1.86 |
| Obligations, taux fixe | 0.75 |
| Actions au porteur | 0.64 |
| Obligations, coupon zéro | 0.34 |
| Bons de participation | 0.32 |
| Medium-Term Notes, coupon zéro | 0.13 |
| Billets, taux fixe | 0.13 |
| Notes, coupon zéro | 0.05 |
| Total | 98.22 |

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

## Etat des actifs nets
Actif	31.1.2021
CHF
Portefeuille-titres, cours d’achat	381 430 711.63
| Portefeuille-titres, plus-/(moins)-value non réalisée | 	95 287 182.91	 |
| --- | --- |
| Total du Portefeuille-titres (note 1) | 476 717 894.54 |
| Avoirs en banque, dépôts à vue et à terme | 2 489 850.85 |
| Autres liquidités (marges) | 6 780 697.97 |
| Créances sur achats de titres (note 1) | 858.89 |
| Créances sur souscriptions | 344 448.95 |
| Intérêts à recevoir sur titres | 120 186.43 |
| Intérêts à recevoir sur liquidités | 2 896.23 |
| Autres créances | 1 337.33 |
| Bénéfice non réalisé(e) sur contrats de change à terme (note 1) | 554 173.21 |
| Total de l’Actif | 487 012 344.40 |
|  |  |
| Passif |  |
| Perte non réalisé(e) sur contrats financiers à terme (note 1) | -392 485.27 |
| Crédit en compte courant | -319 251.17 |
| Intérêts à payer sur crédit en compte courant | -469.86 |
| Engagements sur rachats | -558 629.43 |
| Provisions pour commission de gestion forfaitaire (note 2) | -334 403.65 |
| Provisions pour taxe d’abonnement (note 3) | -7 489.32 |
| Provisions pour autres commissions et frais (note 2) | 	-29 413.58	 |
| Total des Provisions pour frais | -371 306.55 |
| Total du Passif | -1 642 142.28 |
|  |  |
| Actif net à la fin de l’exercice | 485 370 202.12 |
| Etat des opérations | CHF |
| Revenus | 1.2.2020-31.1.2021 |
| Revenus d’intérêts sur liquidités | 9 856.88 |
| Intérêts sur titres | 256 811.72 |
| Dividendes | 2 955 095.77 |
| Revenus d’intérêts sur swaps (note 1) | 18 881.81 |
| Revenus sur prêts de titres (note 15) | 7 569.10 |
| Autres revenus (note 4) | 2 114.72 |
| Total des Revenus | 3 250 330.00 |
|  |  |
| Charges |  |
| Charges d’intérêts sur swaps (note 1) | -5 947.47 |
| Commission de gestion forfaitaire (note 2) | -8 072 348.69 |
| Taxe d’abonnement (note 3) | -89 301.36 |
| Frais sur prêts de titres (note 15) | -3 027.64 |
| Autres commissions et frais (note 2) | -59 808.73 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -43 776.91 |
| Total des Charges | -8 274 210.80 |
|  |  |
| Revenus/pertes net(te)s de placements | -5 023 880.80 |
|  |  |
| Bénéfices/(pertes) réalisé(e)s (note 1) |  |
| Bénéfice/(perte) réalisé(e) sur titres évalués à la valeur de marché hors options | 24 937 918.48 |
| Bénéfice/perte réalisé(e) sur options | 2 422 046.31 |
| Bénéfice/(perte) réalisé(e) sur instruments du marché monétaire et titres évalués en fonction des rendements | -3 310.70 |
| Bénéfice/perte réalisé(e) sur contrats financiers à terme | -9 094 173.15 |
| Bénéfice/(perte) réalisé(e) sur contrats de change à terme | 14 302 145.73 |
| Bénéfice/(perte) réalisé(e) sur swaps | 91 450.98 |
| Bénéfice/(perte) de change réalisé(e) | -2 970 472.43 |
| Total des Bénéfices/(pertes) réalisé(e)s | 29 685 605.22 |
|  |  |
| Bénéfice/(perte) net(te) réalisé(e) au cours de l’exercice | 24 661 724.42 |
|  |  |
| 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 | -12 430 317.61 |
| Plus-/(moins)-value non réalisée sur options | -40 483.48 |
| Plus-/(moins)-value non réalisée sur instruments du marché monétaire et titres évalués en fonction des rendements | -3 376.09 |
| Plus-/(moins)-value non réalisée sur contrats financiers à terme | 627 196.44 |
| Plus-/(moins)-value non réalisée sur contrats de change à terme | -1 664 030.62 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | -13 511 011.36 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 11 150 713.06 |

UBS (Lux) Strategy Fund – Growth (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 | 496 573 995.03 |
| Souscriptions | 38 120 024.44 |
| Rachats | 	-60 474 530.41	 |
| Total des Entrées/(sorties) de capitaux | -22 354 505.97 |
| Revenus/pertes net(te)s de placements | -5 023 880.80 |
| Total des Bénéfices/(pertes) réalisé(e)s | 29 685 605.22 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 	-13 511 011.36	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 11 150 713.06 |
| Actif net à la fin de l’exercice | 485 370 202.12 |
| Evolution des parts en circulation |  |
|  | 1.2.2020-31.1.2021 |
| Catégorie | P-acc |
| Nombre de parts en circulation au début de l’exercice | 184 708.5300 |
| Nombre de parts émises | 15 003.5960 |
| Nombre de parts rachetées | -22 690.4740 |
| Nombre de parts en circulation à la fin de l’exercice | 177 021.6520 |
| Catégorie | Q-acc |
| Nombre de parts en circulation au début de l’exercice | 205 662.4170 |
| Nombre de parts émises | 17 937.2080 |
| Nombre de parts rachetées | -45 397.5180 |
| Nombre de parts en circulation à la fin de l’exercice | 178 202.1070 |

UBS (Lux) Strategy Fund – Growth (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) | 2 521.00 | 647 897.00 | 0.13 |
| CHF	SWISS RE AG CHF0.10 | 25 189.00 | 1 981 366.74 | 0.41 |
| CHF	VIFOR PHARMA AG CHF0.01 | 4 021.00 | 487 345.20 | 0.10 |
| Total Suisse |  | 3 116 608.94 | 0.64 |
| Etats-Unis |  |  |  |
| ILS	INTERNATIONAL FLAVORS&FRAGRANC COM | 0.87 | 89.32 | 0.00 |
| Total Etats-Unis |  | 89.32 | 0.00 |
| Total des Actions au porteur |  | 3 116 698.26 | 0.64 |
| Bons de participation |  |  |  |
| Suisse |  |  |  |
| CHF	LINDT & SPRUENGLI PTG CERT CHF10 | 91.00 | 703 430.00 | 0.15 |
| CHF	SCHINDLER-HLDG AG PTG CERT CHF0.10(POST-SUBD) | 3 578.00 | 842 619.00 | 0.17 |
| Total Suisse |  | 1 546 049.00 | 0.32 |
| Total des Bons de participation |  | 1 546 049.00 | 0.32 |
| Autres actions |  |  |  |
| Suisse |  |  |  |
| CHF	ROCHE HLDGS AG GENUSSCHEINE NPV	61 758.00 | 18 968 969.70 | 3.91 |
| Total Suisse | 18 968 969.70 | 3.91 |
| Total des Autres actions | 18 968 969.70 | 3.91 |
| Actions nominatives |  |  |  |
| Suisse |  |  |  |  |
| CHF | ABB LTD CHF0.12 (REGD) | 161 905.00 | 4 264 577.70 | 0.88 |
| CHF | ADECCO GROUP AG CHF0.1 (REGD) | 13 603.00 | 759 591.52 | 0.16 |
| CHF | ALCON AG CHF0.04 | 43 218.00 | 2 765 952.00 | 0.57 |
| CHF | BALOISE-HLDGS CHF0.1(REGD) | 4 086.00 | 610 039.80 | 0.12 |
| CHF | BARRY CALLEBAUT AG CHF0.02 (REGD) | 263.00 | 520 477.00 | 0.11 |
| CHF | BQE CANT VAUDOISE CHF1 | 2 556.00 | 241 542.00 | 0.05 |
| CHF | CLARIANT CHF4.00(REGD) | 17 439.00 | 330 643.44 | 0.07 |
| CHF | CREDIT SUISSE GRP CHF0.04(REGD) | 214 876.00 | 2 525 867.38 | 0.52 |
| CHF | EMS-CHEMIE HLDG AG CHF0.01(REGD)(POST RECON) | 722.00 | 607 202.00 | 0.12 |
| CHF | GEBERIT CHF0.10(REGD) | 3 255.00 | 1 775 928.00 | 0.37 |
| CHF | GIVAUDAN AG CHF10 | 811.00 | 2 916 356.00 | 0.60 |
| CHF | JULIUS BAER GRUPPE CHF0.02 (REGD) | 19 744.00 | 1 066 176.00 | 0.22 |
| CHF | KUEHNE&NAGEL INTL CHF1(REGD)(POST-SUBD) | 4 741.00 | 962 897.10 | 0.20 |
| CHF | LAFARGEHOLCIM LTD CHF2 (REGD) | 46 016.00 | 2 220 272.00 | 0.46 |
| CHF | LINDT & SPRUENGLI CHF100(REGD) | 9.00 | 747 900.00 | 0.15 |
| CHF | LOGITECH INTL CHF0.25(REGD) (POST-SUBD) | 14 492.00 | 1 345 727.12 | 0.28 |
| CHF | LONZA GROUP AG CHF1(REGD) | 6 546.00 | 3 731 220.00 | 0.77 |
| CHF | NESTLE SA CHF0.10(REGD) | 253 328.00 | 25 342 933.12 | 5.22 |
| CHF | NOVARTIS AG CHF0.50(REGD) | 195 160.00 | 15 716 234.80 | 3.24 |
| CHF | PARTNERS GROUP HLG CHF0.01 (REGD) | 1 643.00 | 1 732 543.50 | 0.36 |
| CHF | RICHEMONT(CIE FIN) CHF1.00 (REG) SER ‘A’ | 45 858.00 | 3 800 711.04 | 0.78 |
| CHF | SCHINDLER-HLDG AG CHF0.1(REGD)(POST-SUBD) | 1 782.00 | 418 413.60 | 0.09 |
| CHF | SGS LTD CHF1(REGD) | 532.00 | 1 441 188.00 | 0.30 |
| CHF | SIKA AG CHF0.01 (REG) | 12 460.00 | 3 020 304.00 | 0.62 |
| CHF | SONOVA HOLDING AG CHF0.05 (REGD) | 4 805.00 | 1 034 997.00 | 0.21 |
| CHF | STRAUMANN HLDG CHF0.1(REGD) | 908.00 | 898 556.80 | 0.18 |
| CHF | SWATCH GROUP CHF0.45(REGD) | 4 729.00 | 237 632.25 | 0.05 |
| CHF | SWISS LIFE HLDG CHF5.1(REGD) | 2 688.00 | 1 093 747.20 | 0.22 |
| CHF | SWISS PRIME SITE CHF15.3 (REGD) | 6 701.00 | 580 976.70 | 0.12 |
| CHF | SWISSCOM AG CHF1(REGD) | 2 271.00 | 1 102 343.40 | 0.23 |
| CHF | TEMENOS AG CHF5 (REGD) | 5 852.00 | 660 398.20 | 0.14 |
| CHF | UBS GROUP CHF0.10 (REGD) | 322 257.00 | 4 149 058.88 | 0.85 |
| CHF | ZURICH INSURANCE GRP CHF0.10 | 13 215.00 | 4 707 183.00 | 0.97 |
| Total Suisse |  | 93 329 590.55 | 19.23 |
| Total des Actions nominatives |  | 93 329 590.55 | 19.23 |
| Billets, taux fixe |  |  |  |
| CHF |  |  |  |
| CHF	EUROPEAN INVESTMENT BANK 1.62500% 11-23.11.23 | 500 000.00 | 532 500.00 | 0.11 |
| CHF	SULZER AG 0.87500% 20-18.11.27 | 100 000.00 | 101 750.00 | 0.02 |
| Total CHF |  | 634 250.00 | 0.13 |
| Total des Billets, taux fixe |  | 634 250.00 | 0.13 |
| Billets, coupon zéro |  |  |  |
| CHF |  |  |  |
| CHF	CREDIT SUISSE SCHWEIZ AG-REG-S 0.00000% 20-31.07.25 | 250 000.00 | 254 125.00 | 0.05 |
| Total CHF |  | 254 125.00 | 0.05 |
| Total des Billets, coupon zéro |  | 254 125.00 | 0.05 |

UBS (Lux) Strategy Fund – Growth (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) |  |
| Medium-Term Notes, taux fixe |  |  |  |
| CHF |  |  |  |
| CHF	ABN AMRO BANK NV 2.62500% 11-27.04.21 | 150 000.00 | 151 170.00 | 0.03 |
| CHF	ADCB FINANCE CAYMAN LTD-REG-S 0.37500% 18-23.01.23 | 100 000.00 | 100 562.50 | 0.02 |
| CHF	ADCB FINANCE CAYMAN LTD 0.72500% 18-15.02.24 | 100 000.00 | 101 656.25 | 0.02 |
| CHF	AMP GROUP FINANCE SERVICES LTD-REG-S 0.80000% 19-18.07.23 | 250 000.00 | 249 875.00 | 0.05 |
| CHF	AMP GROUP FINANCE SERVICES LTD-REG-S 0.20310% 20-03.06.24 | 60 000.00 | 58 710.00 | 0.01 |
| CHF	AUCKLAND COUNCIL 1.12500% 13-07.02.24 | 100 000.00 | 105 050.00 | 0.02 |
| CHF	BANCO DE CREDITO E INVERSIONES-REG-S 0.40000% 19-22.11.24 | 75 000.00 | 75 562.50 | 0.02 |
| CHF	BANCO SANTANDER CHILE-REG-S 0.38400% 19-27.09.24 | 75 000.00 | 75 463.50 | 0.02 |
| CHF	BANK OF MONTREAL-REG-S 0.05000% 18-30.12.22 | 200 000.00 | 202 000.00 | 0.04 |
| CHF	BANK OF NOVA SCOTIA-REG-S 0.20000% 18-19.11.25 | 100 000.00 | 103 050.00 | 0.02 |
| CHF	BASELLANDSCHAFTLICHE KANTONALBANK 0.05000% 20-28.01.31 | 100 000.00 | 100 300.00 | 0.02 |
| CHF	BMW INTERNATIONAL INVESTMENT BV-REG-S 0.30000% 19-05.09.24 | 170 000.00 | 173 485.00 | 0.04 |
| CHF	CAISSE DES DEPOTS ET CONSIGNATIONS 0.25000% 18-30.05.25 | 200 000.00 | 206 200.00 | 0.04 |
| CHF	CANADIAN IMPERIAL BANK-REG-S 0.15000% 18-31.07.23 | 100 000.00 | 101 350.00 | 0.02 |
| CHF	CBQ FINANCE LTD-REG-S 0.69700% 18-22.03.21 | 250 000.00 | 250 078.12 | 0.05 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT 0.19400% 15-19.11.21 | 200 000.00 | 201 300.00 | 0.04 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT-REG-S 0.20000% 19-25.03.24 | 400 000.00 | 406 600.00 | 0.09 |
| CHF	COMMONWEALTH BANK OF AUSTRALIA 1.50000% 14-07.02.22 | 40 000.00 | 40 848.00 | 0.01 |
| CHF	CORP ANDINA DE FOMENTO 1.37500% 13-11.02.21 | 250 000.00 | 250 125.00 | 0.05 |
| CHF	CORPORACION ANDINA DE FOMENTO 0.50000% 15-26.02.26 | 50 000.00 | 51 125.00 | 0.01 |
| CHF	CORPORACION ANDINA DE FOMENTO 0.15000% 16-24.02.22 | 100 000.00 | 100 510.00 | 0.02 |
| CHF	CREDIT AGRICOLE HOME LOAN SFH SA 0.25000% 15-18.06.26 | 100 000.00 | 103 450.00 | 0.02 |
| CHF	CREDIT AGRICOLE HOME LOAN SFH SA-REG-S 0.25000% 18-08.12.25 | 100 000.00 | 103 200.00 | 0.02 |
| CHF	CREDIT SUISSE LONDON BRANCH-REG-S 1.00000% 14-24.09.21 | 200 000.00 | 202 000.00 | 0.04 |
| CHF	DANSKE BANK AS-REG-S 0.62500% 19-24.11.22 | 200 000.00 | 202 200.00 | 0.04 |
| CHF	DEUTSCHE BAHN FINANCE GMBH-REG-S 0.50000% 18-18.07.28 | 90 000.00 | 95 301.00 | 0.02 |
| CHF	DVB BANK SE 0.57500% 15-17.06.22 | 150 000.00 | 150 975.00 | 0.03 |
| CHF	EUROPEAN INVESTMENT BANK 1.50000% 12-02.08.24 | 100 000.00 | 107 650.00 | 0.02 |
| CHF	EXPORT-IMPORT BANK OF KOREA-REG-S 0.25300% 18-06.03.23 | 200 000.00 | 202 600.00 | 0.04 |
| CHF	EXPORT-IMPORT BANK OF KOREA-REG-S 0.38250% 18-11.07.24 | 120 000.00 | 122 760.00 | 0.03 |
| CHF	FIRST ABU DHABI BANK PJSC-REG-S 0.07000% 19-18.10.27 | 300 000.00 | 298 218.75 | 0.06 |
| CHF	FIRST ABU DHABI BANK PJSC-REG-S 0.20500% 19-04.12.25 | 100 000.00 | 100 843.75 | 0.02 |
| CHF	HYUNDAI CAPITAL SERVICES INC-REG-S 0.75250% 20-06.07.23 | 50 000.00 | 50 954.00 | 0.01 |
| CHF	ING BANK NV 2.62500% 11-23.03.21 | 200 000.00 | 200 920.00 | 0.04 |
| CHF	INSTITUTO DE CREDITO OFICIAL 3.25000% 07-28.06.24 | 200 000.00 | 225 300.00 | 0.05 |
| CHF	JACKSON NATIONAL LIFE GLOBAL FUND-REG-S 0.12500% 20-14.07.28 | 100 000.00 | 100 000.00 | 0.02 |
| CHF	KOREA DEVELOPMENT BANK-REG-S 0.30300% 18-14.06.23 | 200 000.00 | 203 300.00 | 0.04 |
| CHF	KOREA NATIONAL OIL CORP-REG-S 0.37300% 18-01.06.23 | 300 000.00 | 305 100.00 | 0.07 |
| CHF	KOREA WATER RESOURCES CORP-REG-S 0.15000% 18-20.09.23 | 500 000.00 | 505 781.25 | 0.11 |
| CHF	LAFARGEHOLCIM HELVETIA FINANCE-REG-S 1.05000% 20-11.04.22 | 150 000.00 | 152 130.00 | 0.03 |
| CHF	LUZERNER KANTONALBANK-REG-S 0.10000% 18-08.05.24 | 100 000.00 | 101 700.00 | 0.02 |
| CHF	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 1.00000% 14-19.09.22 | 100 000.00 | 102 500.00 | 0.02 |
| CHF	MUNICIPALITY FINANCE PLC 0.87500% 13-01.02.23 | 200 000.00 | 206 200.00 | 0.04 |
| CHF	NATIONAL AUSTRALIA BANK LTD 1.00000% 14-10.12.21 | 200 000.00 | 202 740.00 | 0.04 |
| CHF	NATIONAL AUSTRALIA BANK LTD 0.25000% 18-13.03.24 | 200 000.00 | 203 900.00 | 0.04 |
| CHF	NATIONAL AUSTRALIA BANK LTD-REG-S 0.06500% 20-29.01.29 | 100 000.00 | 101 200.00 | 0.02 |
| CHF	NATWEST MARKETS PLC-REG-S 0.12500% 19-13.09.23 | 200 000.00 | 201 000.00 | 0.04 |
| CHF	NEDERLANDSE WATERSCHAPSBANK NV 2.37500% 06-27.01.23 | 300 000.00 | 318 300.00 | 0.07 |
| CHF	NEDERLANDSE WATERSCHAPSBANK NV 1.37500% 12-13.09.27 | 100 000.00 | 111 800.00 | 0.03 |
| CHF	NEW YORK LIFE GLOBAL FUNDING 0.37500% 15-02.02.22 | 100 000.00 | 101 030.00 | 0.02 |
| CHF	OESTERREICHISCHE KONTROLLBANK AG 1.75000% 12-24.05.23 | 100 000.00 | 105 650.00 | 0.02 |
| CHF	POLAND, REPUBLIC OF-REG-S 1.00000% 14-17.09.21 | 100 000.00 | 101 093.75 | 0.02 |
| CHF	ROYAL BANK OF CANADA 2.25000% 11-21.04.21 | 100 000.00 | 100 630.00 | 0.02 |
| CHF	SANTANDER CONSUMER FINANCE SA-REG-S 0.15000% 19-10.12.24 | 100 000.00 | 101 150.00 | 0.02 |
| CHF	SYNGENTA FINANCE LTD REG-S 1.62500% 14-01.11.24 | 100 000.00 | 100 500.00 | 0.02 |
| CHF	TOTAL CAPITAL INTERNATIONAL SA-REG-S 1.00000% 14-29.08.24 | 50 000.00 | 52 500.00 | 0.01 |
| CHF	UBS GROUP AG-REG-S 0.87500% 19-30.01.25 | 200 000.00 | 206 900.00 | 0.05 |
| CHF	VERIZON COMMUNICATIONS INC-REG-S 0.37500% 17-31.05.23 | 50 000.00 | 50 850.00 | 0.01 |
| Total CHF |  | 9 007 348.37 | 1.86 |
| Total des Medium-Term Notes, taux fixe |  | 9 007 348.37 | 1.86 |
| Medium-Term Notes, coupon zéro |  |  |  |
| CHF |  |  |  |
| CHF	BANK OF THE PHILIPPINE ISLANDS-REG-S 0.00000% 19-24.09.21 | 200 000.00 | 199 437.50 | 0.04 |
| CHF	KOREA HYDRO & NUCLEAR POWER CO-REG-S 0.00000% 19-19.07.24 | 200 000.00 | 201 368.00 | 0.04 |
| CHF	NATIONWIDE BUILDING SOCIETY-REG-S 0.00000% 19-11.07.25 | 235 000.00 | 239 230.00 | 0.05 |
| Total CHF |  | 640 035.50 | 0.13 |
| Total des Medium-Term Notes, coupon zéro |  | 640 035.50 | 0.13 |
| Obligations, taux fixe |  |  |  |
| CHF |  |  |  |
| CHF	AARGAUISCHE KANTONALBANK 0.15000% 15-18.05.22 | 300 000.00 | 302 790.00 | 0.06 |
| CHF	APPLE INC-REG-S 0.37500% 15-25.11.24 | 65 000.00 | 67 112.50 | 0.02 |
| CHF	BASLER KANTONALBANK 0.15000% 19-02.04.27 | 100 000.00 | 102 250.00 | 0.02 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT 1.12500% 14-24.02.23 | 100 000.00 | 103 250.00 | 0.02 |
| CHF	COOP-GRUPPE GENOSSENSCHAFT-REG-S 0.25000% 16-30.09.22 | 100 000.00 | 100 750.00 | 0.02 |
| CHF	DEUTSCHE PFANDBRIEFBANK AG-REG-S 0.12500% 19-05.06.23 | 200 000.00 | 200 800.00 | 0.04 |
| CHF	FREIBURGER KANTONALBANK 0.14000% 20-12.06.30 | 100 000.00 | 101 500.00 | 0.02 |
| CHF	GRAUBUENDNER KANTONALBANK 1.37500% 13-11.03.25 | 300 000.00 | 322 350.00 | 0.07 |
| CHF	KEB HANA BANK-REG-S 0.40750% 18-14.09.23 | 200 000.00 | 203 187.50 | 0.04 |
| CHF	MONDELEZ INTERNATIONAL INC-REG-S 0.61700% 17-30.09.24 | 100 000.00 | 102 600.00 | 0.02 |
| CHF	MONDELEZ INTL-REG-S 0.62500% 15-30.12.21 | 50 000.00 | 50 410.00 | 0.01 |
| CHF	OESTERREICHISCHE KONTROLLBANK AG 1.00000% 12-28.09.21 | 200 000.00 | 202 240.00 | 0.04 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONALBANKEN 0.01000% 17-05.02.24 | 250 000.00 | 254 250.00 | 0.05 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONAL-REG-S 0.25000% 18-20.07.26 | 50 000.00 | 51 810.00 | 0.01 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONBK-REG-S 0.12500% 20-03.09.35 | 100 000.00 | 101 470.00 | 0.02 |
| CHF	RAIFFEISEN SCHWEIZ GENOSSENSCHAFT-REG-S 0.18250% 20-11.11.25 | 100 000.00 | 100 500.00 | 0.02 |
| CHF	ROCHE KAPITALMARKT AG 0.10000% 17-23.09.24 | 60 000.00 | 61 230.00 | 0.01 |
| CHF	SGS SA-REG-S 0.45000% 20-06.11.23 | 120 000.00 | 122 280.00 | 0.03 |

UBS (Lux) Strategy Fund – Growth (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) |  |
|  |  |  |  |  |
| CHF | ST GALLER KANTONALBANK 1.37500% 12-22.06.27 | 100 000.00 | 110 300.00 | 0.03 |
| CHF | UBS AG/LONDON-REG-S 0.17000% 20-13.05.22 | 300 000.00 | 302 850.00 | 0.06 |
| CHF | UBS GROUP AG-REG-S 0.62500% 17-18.05.24 | 200 000.00 | 204 400.00 | 0.04 |
| CHF | ZUERCHER KANTONALBANK 1.50000% 14-27.01.23 | 200 000.00 | 208 100.00 | 0.05 |
| CHF | ZUERCHER KANTONALBANK 0.04000% 15-09.12.22 | 200 000.00 | 202 100.00 | 0.04 |
| CHF | ZUERICH, CITY OF-REG-S 2.75000% 05-14.02.25 | 50 000.00 | 56 600.00 | 0.01 |
| Total CHF |  |  | 3 635 130.00 | 0.75 |
| Total des Obligations, taux fixe |  | 3 635 130.00 | 0.75 |
| Obligations, coupon zéro |  |  |  |
| CHF |  |  |  |
| CHF	BALOISE HOLDING AG-REG-S 0.00000% 19-23.09.22 | 200 000.00 | 199 580.00 | 0.04 |
| CHF	BASEL-STADT, CANTON OF 0.00000% 16-05.09.23 | 50 000.00 | 50 850.00 | 0.01 |
| CHF	BASLER KANTONALBANK-REG-S 0.00000% 18-11.04.22 | 200 000.00 | 201 180.00 | 0.04 |
| CHF	KOREA GAS CORP-REG-S 0.00000% 19-28.11.23 | 210 000.00 | 211 890.00 | 0.05 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 0.00000% 16-05.07.22 | 300 000.00 | 302 700.00 | 0.06 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 0.00000% 17-22.11.22 | 300 000.00 | 303 270.00 | 0.06 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONALBANKEN 0.00000% 16-07.11.22 | 100 000.00 | 101 100.00 | 0.02 |
| CHF	VALIANT BANK AG-REG-S 0.00000% 19-31.10.25 | 200 000.00 | 203 500.00 | 0.04 |
| CHF	ZUERCHER KANTONALBANK 0.00000% 21-21.01.33 | 100 000.00 | 99 300.00 | 0.02 |
| Total CHF |  | 1 673 370.00 | 0.34 |
| Total des Obligations, coupon zéro |  | 1 673 370.00 | 0.34 |
| Bons du Trésor à moyen terme, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 1 295 000.00 | 1 630 530.28 | 0.34 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 1 930 000.00 | 1 889 626.82 | 0.39 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.11.27 | 1 900 000.00 | 1 860 848.60 | 0.38 |
| USD	AMERICA, UNITED STATES OF 2.87500% 18-31.05.25 | 185 000.00 | 182 525.07 | 0.04 |
| USD	AMERICA, UNITED STATES OF 2.75000% 14-15.02.24 | 380 000.00 | 364 365.57 | 0.08 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 475 000.00 | 424 738.83 | 0.09 |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 400 000.00 | 363 373.80 | 0.07 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 200 000.00 | 183 702.40 | 0.04 |
| USD	AMERICA, UNITED STATES OF 2.12500% 15-15.05.25 | 1 190 000.00 | 1 139 302.73 | 0.23 |
| USD	AMERICA, UNITED STATES OF 1.75000% 19-15.11.29 | 780 000.00 | 740 291.76 | 0.15 |
| USD	AMERICA, UNITED STATES OF 0.25000% 20-31.07.25 | 310 000.00 | 274 364.81 | 0.06 |
| Total USD |  | 9 053 670.67 | 1.87 |
| Total des Bons du Trésor à moyen terme, taux fixe |  | 9 053 670.67 | 1.87 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 141 859 237.05 | 29.23 |

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 | 28 137.00 | 0.30 | 0.00 |
| Total Portugal | 0.30 | 0.00 |
| Total des Actions nominatives | 0.30 | 0.00 |
| Total des Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé | 0.30 | 0.00 |
| OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que | modifiée |  |
| Fonds d’investissement, ouvert |  |  |
| Irlande |  |  |
| USD	ISHARES MSCI USA ESG SCREENED UCITS ETF UNHEGDED USD-CAP	3 020 266.00 | 19 570 859.76 | 4.03 |
| USD	ISHRS III PLC-MSCI WORLD SML CAP UCITS ETF-UNHDG USD-ACC	1 765 000.00 | 10 353 529.54 | 2.13 |
| USD	UBS (IRL) INVESTOR SELECTION PLC - GLOB EMER MKT OPP-I-B USD	18 500.00 | 5 504 194.95 | 1.14 |
| Total Irlande | 35 428 584.25 | 7.30 |
| Luxembourg |  |  |
| EUR	UBS (LUX) BOND SICAV - EUR CORP SUSTAINABLE (EUR) U-X-ACC	1 377.00 | 18 942 305.01 | 3.90 |
| USD	UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS	144 507.00 | 14 372 273.16 | 2.96 |
| USD	UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC	3 529.68 | 38 629 986.58 | 7.96 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND-GLOBAL BONDS (USD)-U-X ACC	1 828.00 | 23 682 870.49 | 4.88 |
| USD	UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC	3 376.00 | 40 547 142.59 | 8.35 |
| USD	UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC	815.00 | 29 447 277.52 | 6.07 |
| USD	UBS (LUX) EQUITY SICAV-GLOBAL QUANTITATIVE (USD) U-X-ACC	2 609.00 | 40 072 181.19 | 8.26 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL OPPORTUNITY (USD) U-X-ACC	3 942.00 | 38 907 245.08 | 8.01 |
| USD	UBS (LUX) INST FUND-KEY SEL. GLOBAL EQUITY FA-USD	1 486.17 | 40 083 039.83 | 8.26 |
| USD	UBS (LUX) INSTITUTION SICAV-EQUITIES GLB (EX USA) PASSIVE XA	147 208.00 | 14 744 362.70 | 3.04 |
| Total Luxembourg | 299 428 684.15 | 61.69 |
| Total des Fonds d’investissement, ouvert | 334 857 268.40 | 68.99 |
| Total des OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée | 334 857 268.40 | 68.99 |

UBS (Lux) Strategy Fund – Growth (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 |
| --- | --- | --- | --- |
| 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 | -257.00 | -106 659.53 | -0.02 |
| EUR	EURO STOXX 50 INDEX CALL 4000.00000 19.03.21 | -257.00 | -1 388.80 | 0.00 |
| EUR	EURO STOXX 50 INDEX CALL 3650.00000 19.03.21 | 257.00 | 109 437.12 | 0.02 |
| Total EUR |  | 1 388.79 | 0.00 |
| Total des Options sur indices boursiers, classic-styled |  | 1 388.79 | 0.00 |
| Total des Instruments dérivés négociés sur une bourse officielle |  | 1 388.79 | 0.00 |
| Total du Portefeuille-titres |  | 476 717 894.54 | 98.22 |
| Instruments dérivés |  |  |  |
| Instruments dérivés négociés sur une bourse officielle |  |  |  |
| Contrats financiers à terme sur obligations |  |  |  |
|  |  |  |  |
| USD	US LONG BOND FUTURE 22.03.21 | 61.00 | -313 723.00 | -0.06 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.21 | -114.00 | 792.35 | 0.00 |
| Total des Contrats financiers à terme sur obligations |  | -312 930.65 | -0.06 |
| Contrats financiers à terme sur indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.03.21 | 32.00 | -22 998.89 | -0.01 |
| CHF	SWISS MARKET INDEX FUTURE 19.03.21 | 74.00 | 150 960.00 | 0.03 |
| GBP	FTSE 100 INDEX FUTURE 19.03.21 | 202.00 | -402 858.83 | -0.08 |
| SEK	OMX 30 INDEX FUTURE 19.02.21 | -94.00 | 13 391.17 | 0.00 |
| USD	S&P500 EMINI FUTURE 19.03.21 | -180.00 | 33 480.10 | 0.01 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 19.03.21 | 122.00 | -64 936.35 | -0.01 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 11.03.21 | 17.00 | 156 600.87 | 0.03 |
| AUD	SPI 200 INDEX FUTURES 18.03.21 | 46.00 | -40 201.94 | -0.01 |
| CAD	S&P/TSX 60 INDEX FUTURE 18.03.21 | 25.00 | -16 493.24 | 0.00 |
| HKD	HANG SENG INDEX FUTURE 25.02.21 | -13.00 | 113 502.49 | 0.02 |
| Total des Contrats financiers à terme sur indices |  | -79 554.62 | -0.02 |
| Total des Instruments dérivés négociés sur une bourse officielle |  | -392 485.27 | -0.08 |
| Total des Instruments dérivés |  | -392 485.27 | -0.08 |
| Contrats de change à terme |  |  |  |
| Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |  |

| GBP | 210 000.00 | CHF | 252 276.78 | 4.2.2021 | 4 235.29 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 21 713 751.34 | EUR | 20 107 064.20 | 4.2.2021 | -16 750.59 | 0.00 |
| GBP | 8 252 095.89 | CHF | 9 919 720.69 | 4.2.2021 | 160 099.27 | 0.03 |
| CHF | 3 956 963.37 | AUD | 5 948 773.28 | 4.2.2021 | -102 991.39 | -0.02 |
| SGD | 2 630 000.00 | CHF | 1 777 697.27 | 4.2.2021 | -14 927.56 | 0.00 |
| CHF | 939 732.99 | SEK | 8 900 618.99 | 4.2.2021 | -10 676.07 | 0.00 |
| JPY | 268 606 864.00 | CHF | 2 341 988.39 | 4.2.2021 | -59 797.33 | -0.01 |
| CHF | 25 054.20 | NZD | 40 000.00 | 4.2.2021 | -588.45 | 0.00 |
| CHF | 445 610.38 | NOK | 4 437 156.40 | 4.2.2021 | -15 853.49 | 0.00 |
| ILS | 50 000.00 | CHF | 13 548.72 | 4.2.2021 | 30.99 | 0.00 |
| CHF | 1 039 833.45 | CAD | 1 497 309.38 | 4.2.2021 | -2 770.64 | 0.00 |
| CHF | 1 551 691.63 | DKK | 10 700 000.00 | 4.2.2021 | -3 078.39 | 0.00 |
| CHF | 3 791 032.17 | HKD | 32 355 000.00 | 4.2.2021 | 79 348.15 | 0.02 |
| CHF | 98 724 343.74 | USD | 108 703 307.36 | 4.2.2021 | 2 032 209.42 | 0.42 |
| CHF | 268 161.79 | USD | 295 000.00 | 4.2.2021 | 5 757.82 | 0.00 |
| GBP | 530 000.00 | CHF | 641 127.75 | 4.2.2021 | 6 259.85 | 0.00 |
| CHF | 29 354.97 | HKD | 250 000.00 | 4.2.2021 | 675.60 | 0.00 |
| GBP | 220 000.00 | CHF | 267 224.54 | 4.2.2021 | 1 502.39 | 0.00 |
| AUD | 300 000.00 | CHF | 200 677.50 | 4.2.2021 | 4 068.31 | 0.00 |
| USD | 300 000.00 | CHF | 266 643.00 | 4.2.2021 | 208.50 | 0.00 |
| GBP | 170 000.00 | CHF | 204 101.49 | 4.2.2021 | 3 551.14 | 0.00 |
| JPY | 25 000 000.00 | CHF | 214 380.29 | 4.2.2021 | -1 970.32 | 0.00 |
| EUR | 150 000.00 | CHF | 162 386.85 | 4.2.2021 | -275.90 | 0.00 |
| CAD | 1 380 000.00 | JPY | 112 430 808.00 | 4.2.2021 | 5 662.86 | 0.00 |
| NOK | 14 300 000.00 | USD | 1 619 959.72 | 4.2.2021 | 46 241.39 | 0.01 |
| AUD | 2 170 000.00 | JPY | 170 146 091.00 | 4.2.2021 | 35 368.43 | 0.01 |
| JPY | 20 000 000.00 | CHF | 170 554.18 | 4.2.2021 | -626.20 | 0.00 |
| CHF | 722 216.77 | SEK | 6 850 000.00 | 4.2.2021 | -9 226.97 | 0.00 |
| CHF | 207 242.44 | AUD | 310 000.00 | 4.2.2021 | -4 328.23 | 0.00 |
| EUR | 300 000.00 | CHF | 323 203.02 | 4.2.2021 | 1 018.88 | 0.00 |
| CHF | 225 462.90 | CAD | 325 000.00 | 4.2.2021 | -840.58 | 0.00 |
| HKD | 3 150 000.00 | CHF | 360 175.72 | 4.2.2021 | 1 184.34 | 0.00 |
| CHF | 5 357 245.40 | GBP | 4 540 000.00 | 4.2.2021 | -188 301.24 | -0.04 |
| CHF | 4 911 247.53 | USD | 5 545 000.00 | 4.2.2021 | -21 057.64 | 0.00 |
| USD | 3 140 000.00 | CHF | 2 777 948.58 | 4.2.2021 | 15 097.09 | 0.00 |
| CHF | 594 473.00 | EUR | 550 000.00 | 4.2.2021 | 66.18 | 0.00 |
| GBP | 440 000.00 | CHF | 528 014.96 | 4.2.2021 | 9 438.90 | 0.00 |
| USD | 390 000.00 | CHF | 343 990.14 | 4.2.2021 | 2 916.81 | 0.00 |
| CHF | 257 408.03 | JPY | 30 000 000.00 | 4.2.2021 | 2 516.06 | 0.00 |
| USD | 3 040 000.00 | CHF | 2 686 338.56 | 4.2.2021 | 17 756.61 | 0.00 |
| CHF | 169 964.41 | USD | 192 500.00 | 4.2.2021 | -1 265.30 | 0.00 |
| AUD | 180 000.00 | CHF | 120 210.12 | 4.2.2021 | 2 637.37 | 0.00 |

UBS (Lux) Strategy Fund – Growth (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
| CAD | 170 000.00 | CHF | 117 097.53 | 4.2.2021 | 1 276.60 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 130 000.00 | CHF | 114 947.43 | 4.2.2021 | 688.22 | 0.00 |
| CHF | 121 807.13 | EUR | 112 500.00 | 4.2.2021 | 223.92 | 0.00 |
| EUR | 90 000.00 | CHF | 97 573.32 | 4.2.2021 | -306.75 | 0.00 |
| JPY | 14 000 000.00 | CHF | 120 395.10 | 4.2.2021 | -1 445.52 | 0.00 |
| USD | 130 000.00 | CHF | 115 582.61 | 4.2.2021 | 53.04 | 0.00 |
| CHF | 28 348.12 | HKD | 250 000.00 | 4.2.2021 | -331.25 | 0.00 |
| CHF | 28 316.11 | HKD | 250 000.00 | 19.3.2021 | -330.15 | 0.00 |
| CHF | 21 128 038.05 | EUR | 19 552 208.27 | 19.3.2021 | 3 380.46 | 0.00 |
| GBP | 5 048 757.13 | CHF | 6 034 910.67 | 19.3.2021 | 125 919.10 | 0.02 |
| CHF | 1 143 559.29 | CAD | 1 654 574.68 | 19.3.2021 | -7 257.91 | 0.00 |
| CHF | 815 744.24 | AUD | 1 193 475.73 | 19.3.2021 | 2 008.11 | 0.00 |
| CHF | 95 619 911.62 | USD | 109 331 753.48 | 19.3.2021 | -1 512 487.06 | -0.31 |
| SGD | 1 655 000.00 | CHF | 1 099 380.69 | 19.3.2021 | 8 520.21 | 0.00 |
| NOK | 9 831 626.34 | CHF | 1 022 580.77 | 19.3.2021 | -1 448.09 | 0.00 |
| JPY | 12 667 471.00 | CHF | 107 799.55 | 19.3.2021 | -256.29 | 0.00 |
| ILS | 50 000.00 | CHF | 13 754.45 | 19.3.2021 | -179.14 | 0.00 |
| CHF | 25 562.88 | NZD | 40 000.00 | 19.3.2021 | -48.56 | 0.00 |
| CHF | 1 258 774.66 | DKK | 8 664 000.00 | 19.3.2021 | 400.46 | 0.00 |
| CHF | 3 320 304.37 | HKD | 29 440 000.00 | 19.3.2021 | -53 079.56 | -0.01 |
| CHF | 1 660 684.89 | SEK | 15 470 649.84 | 19.3.2021 | 9 994.05 | 0.00 |
| CHF | 48 395.60 | SEK | 450 000.00 | 19.3.2021 | 381.40 | 0.00 |
| CHF | 48 435.68 | SEK | 450 000.00 | 4.2.2021 | 384.63 | 0.00 |
| CHF | 270 890.18 | EUR | 250 000.00 | 19.3.2021 | 784.40 | 0.00 |
| CHF | 270 970.58 | EUR | 250 000.00 | 4.2.2021 | 785.66 | 0.00 |
| CHF | 69 101.66 | SEK | 650 000.00 | 19.3.2021 | -252.18 | 0.00 |
| CHF | 69 157.42 | SEK | 650 000.00 | 4.2.2021 | -249.65 | 0.00 |
| CHF | 34 338.42 | HKD | 300 000.00 | 4.2.2021 | -76.82 | 0.00 |
| CHF | 34 299.94 | HKD | 300 000.00 | 19.3.2021 | -75.58 | 0.00 |
| CHF | 513 886.50 | GBP | 425 000.00 | 4.2.2021 | -5 245.07 | 0.00 |
| CHF | 513 364.47 | GBP | 425 000.00 | 19.3.2021 | -5 248.84 | 0.00 |
| HKD | 3 150 000.00 | CHF | 361 210.07 | 19.3.2021 | -267.16 | 0.00 |
| HKD | 3 150 000.00 | CHF | 361 613.54 | 4.2.2021 | -253.48 | 0.00 |
| CHF | 140 354.35 | NOK | 1 350 000.00 | 4.2.2021 | -45.53 | 0.00 |
| CHF | 140 143.34 | NOK | 1 350 000.00 | 19.3.2021 | -70.40 | 0.00 |
| CHF | 617 166.59 | JPY | 72 000 000.00 | 4.2.2021 | 5 425.87 | 0.00 |
| CHF | 616 676.32 | JPY | 72 000 000.00 | 19.3.2021 | 5 416.61 | 0.00 |
| CHF | 169 739.16 | SEK | 1 600 000.00 | 19.3.2021 | -978.00 | 0.00 |
| CHF | 123 480.41 | AUD | 180 000.00 | 4.2.2021 | 632.92 | 0.00 |
| CHF | 123 360.93 | AUD | 180 000.00 | 19.3.2021 | 633.25 | 0.00 |
| CHF | 293 360.76 | CAD | 420 000.00 | 4.2.2021 | 907.03 | 0.00 |
| CHF | 293 039.46 | CAD | 420 000.00 | 19.3.2021 | 914.10 | 0.00 |
| CHF | 151 902.84 | DKK | 1 050 000.00 | 4.2.2021 | -668.05 | 0.00 |
| CHF | 151 844.17 | DKK | 1 050 000.00 | 19.3.2021 | -659.63 | 0.00 |
| CHF | 322 863.84 | EUR | 300 000.00 | 4.2.2021 | -1 358.06 | 0.00 |
| CHF | 322 768.47 | EUR | 300 000.00 | 19.3.2021 | -1 358.46 | 0.00 |
| CHF | 169 877.76 | SEK | 1 600 000.00 | 4.2.2021 | -970.41 | 0.00 |
| CHF | 2 478 747.60 | USD | 2 790 000.00 | 19.3.2021 | 58.80 | 0.00 |
| CHF | 2 481 781.17 | USD | 2 790 000.00 | 4.2.2021 | 62.25 | 0.00 |
| IDR | 50 923 620 000.00 | USD | 3 596 808.87 | 26.3.2021 | 15 907.90 | 0.00 |
| INR | 258 690 000.00 | USD | 3 508 327.00 | 26.3.2021 | 13 974.23 | 0.00 |
| RUB | 158 980 000.00 | USD | 2 141 043.86 | 26.3.2021 | -41 340.26 | -0.01 |
| USD | 3 648 901.69 | TWD | 101 330 000.00 | 26.3.2021 | 7 268.23 | 0.00 |
| CHF | 40 215.63 | HKD | 350 000.00 | 4.2.2021 | 64.51 | 0.00 |
| CHF | 40 169.37 | HKD | 350 000.00 | 19.3.2021 | 64.60 | 0.00 |
| GBP | 170 000.00 | CHF | 207 210.62 | 4.2.2021 | 442.01 | 0.00 |
| GBP | 158 000.00 | CHF | 192 388.54 | 19.3.2021 | 413.59 | 0.00 |
| USD | 340 000.00 | CHF | 301 658.88 | 4.2.2021 | 772.82 | 0.00 |
| USD | 330 000.00 | CHF | 292 424.88 | 19.3.2021 | 753.36 | 0.00 |
| CHF | 34 295.84 | HKD | 300 000.00 | 19.3.2021 | -79.68 | 0.00 |
| CHF | 34 335.60 | HKD | 300 000.00 | 4.2.2021 | -79.64 | 0.00 |
| EUR | 153 000.00 | CHF | 165 091.90 | 19.3.2021 | 212.84 | 0.00 |
| EUR | 170 000.00 | CHF | 183 490.01 | 4.2.2021 | 235.73 | 0.00 |
| USD | 220 000.00 | CHF | 195 567.24 | 4.2.2021 | 123.86 | 0.00 |
| CHF | 146 022.36 | GBP | 120 000.00 | 4.2.2021 | -555.97 | 0.00 |
| CHF | 145 874.16 | GBP | 120 000.00 | 19.3.2021 | -557.83 | 0.00 |
| USD | 220 000.00 | CHF | 195 328.10 | 19.3.2021 | 124.06 | 0.00 |
| Total des Contrats de change à terme | 554 173.21 | 0.11 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 9 270 548.82 | 1.91 |
| Crédit en compte courant et autres engagements à court terme | -319 251.17 | -0.07 |
| Autres actifs et passifs | -460 678.01 | -0.09 |
| Total de l’Actif net | 485 370 202.12 | 100.00 |

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