# UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 31.5.2020 |  | 31.5.2019 |
| Net assets in USD |  | 42 282 260.89 |  | 39 789 421.30 |
| Class (EUR hedged) K-1-acc 1 | LU1981796631 |  |  |  |
| Shares outstanding |  | 1.3000 |  | 1.2000 |
| Net asset value per share in EUR |  | 2 821 521.22 |  | 2 906 792.07 |
| Issue and redemption price per share in EUR 2 |  | 2 821 521.22 |  | 2 906 792.07 |
| Class P-acc 3 | LU1821947865 |  |  |  |
| Shares outstanding |  | 173 034.6800 |  | 200 577.5180 |
| Net asset value per share in USD |  | 101.73 |  | 102.82 |
| Issue and redemption price per share in USD 2 |  | 101.73 |  | 102.82 |
| Class (CHF hedged) P-acc 3 | LU1821948087 |  |  |  |
| Shares outstanding |  | 58 308.4240 |  | 30 218.7780 |
| Net asset value per share in CHF |  | 95.90 |  | 99.71 |
| Issue and redemption price per share in CHF 2 |  | 95.90 |  | 99.71 |
| Class (EUR hedged) P-acc 3 | LU1821947949 |  |  |  |
| Shares outstanding |  | 98 793.5370 |  | 84 370.9350 |
| Net asset value per share in EUR |  | 96.71 |  | 100.12 |
| Issue and redemption price per share in EUR 2 |  | 96.71 |  | 100.12 |
| Class (CHF hedged) Q-acc 4 | LU1821948160 |  |  |  |
| Shares outstanding |  | 14 559.7700 |  | 14 294.7700 |
| Net asset value per share in CHF |  | 95.76 |  | 98.84 |
| Issue and redemption price per share in CHF 2 |  | 95.76 |  | 98.84 |
| Class (EUR hedged) Q-acc 5 | LU1959317717 |  |  |  |
| Shares outstanding |  | 25 626.1180 |  | 13 500.0000 |
| Net asset value per share in EUR |  | 94.74 |  | 97.36 |
| Issue and redemption price per share in EUR 2 |  | 94.74 |  | 97.36 |
| 1  First NAV: 25.4.2019 2  See note 1 3  First NAV: 4.7.2018 4  First NAV: 24.7.2018 5  First NAV: 18.4.2019 |  |  |  |  |
| Performance |  |  |  |  |
|  |  | Currency | 2019/2020 | 2018/2019 |
| Class (EUR hedged) K-1-acc |  | EUR | -2.9% | - |
| Class P-acc |  | USD | -1.1% | - |
| Class (CHF hedged) P-acc |  | CHF | -3.8% | - |
| Class (EUR hedged) P-acc |  | EUR | -3.4% | - |
| Class (CHF hedged) Q-acc |  | CHF | -3.1% | - |
| Class (EUR hedged) Q-acc |  | EUR | -2.7% | - |

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 shares. The performance data were not audited.
The subfund has no benchmark.
UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD) Annual report and audited financial statements as of 31 May 2020

## Report of the Portfolio Manager
The financial year from 1 June 2019 to 31 May 2020 was initially driven by the ample supply of central bank liquidity and the market’s expectation of continuously low rates. In this environment both traditional risk-off and risk-on assets posted positive returns.
The strategy reduced risks in two steps in March about two weeks ahead of the low point in the equity markets. Over the financial year, the subfund generated a nega- tive return despite a recovery from April 2020.
Since year-end we have seen the development of the coronavirus Covid-19 outbreak initially in China and now reaching most continents. At present it is not possible to assess the detailed impact of the emerging risk on the companies in our portfolio but there is growing concern about the impact on the world economy. There has been a significant correction in the financial markets in the last few weeks. The Board and the Manager continue to watch the efforts of governments to contain the spread of the virus and monitor the economic impact, if any, on the companies in our portfolio.

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
Luxembourg	56.46
| Ireland | 19.69 |
| --- | --- |
| United States | 14.10 |
| Canada | 1.41 |
| South Korea | 1.02 |
| Australia | 0.72 |
| Qatar | 0.53 |
| The Netherlands | 0.34 |
| Norway | 0.30 |
| Philippines | 0.20 |
| United Kingdom | 0.11 |
| France | 0.11 |
| Total | 94.99 |

Economic Breakdown as a % of net assets	
Investment funds	76.16
| Countries & central governments | 9.56 |
| --- | --- |
| Banks & credit institutions | 2.02 |
| Finance & holding companies | 1.38 |
| Computer hardware & network equipment providers | 1.36 |
| Petroleum | 0.96 |
| Cantons, federal states | 0.95 |
| Internet, software & IT services | 0.77 |
| Retail trade, department stores | 0.60 |
| Energy & water supply | 0.49 |
| Pharmaceuticals, cosmetics & medical products | 0.40 |
| Supranational organisations | 0.20 |
| Miscellaneous services | 0.14 |
| Total | 94.99 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD) Annual report and audited financial statements as of 31 May 2020

## Statement of Net Assets
Assets	31.5.2020
USD
Investments in securities, cost	39 674 159.07
| Investments in securities, unrealized appreciation (depreciation) | 	491 344.32	 |
| --- | --- |
| Total investments in securities (Note 1) | 40 165 503.39 |
| Cash at banks, deposits on demand and deposit accounts | 548 025.04 |
| Other liquid assets (Margins) | 2 878 882.76 |
| Receivable on securities sales (Note 1) | 39 572.80 |
| Receivable on subscriptions | 3 065.29 |
| Interest receivable on securities | 39 923.48 |
| Other receivables | 31 416.59 |
| Unrealized gain (loss) on financial futures (Note 1) | -1 658 582.47 |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | 393 098.32 |
| Total Assets | 42 440 905.20 |
|  |  |
| Liabilities |  |
| Bank overdraft | -19 411.06 |
| Payable on securities purchases (Note 1) | -105 752.80 |
| Provisions for flat fee (Note 2) | -22 771.20 |
| Provisions for taxe d’abonnement (Note 3) | -1 491.91 |
| Provisions for other commissions and fees (Note 2) | 	-9 217.34	 |
| Total provisions | -33 480.45 |
| Total Liabilities | -158 644.31 |
|  |  |
| Net assets at the end of the financial year | 42 282 260.89 |
| Statement of Operations | USD |
| Income | 1.6.2019-31.5.2020 |
| Interest on liquid assets | 8 306.66 |
| Interest on securities | 146 964.39 |
| Dividends | 59 396.61 |
| Income on securities lending (Note 15) | 8 112.87 |
| Other income (Note 4) | 42 545.98 |
| Total income | 265 326.51 |
|  |  |
| Expenses |  |
| Cost on securities lending (Note 15) | -3 245.15 |
| Flat fee (Note 2) | -620 658.67 |
| Taxe d’abonnement (Note 3) | -9 859.05 |
| Other commissions and fees (Note 2) | -9 164.24 |
| Interest on cash and bank overdraft | -843.78 |
| Total expenses | -643 770.89 |
|  |  |
| Net income (loss) on investments | -378 444.38 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 1 313 244.56 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | 1 213.02 |
| Realized gain (loss) on financial futures | -102 769.38 |
| Realized gain (loss) on forward foreign exchange contracts | -1 289 989.00 |
| Realized gain (loss) on foreign exchange | 652 139.78 |
| Total realized gain (loss) | 573 838.98 |
|  |  |
| Net realized gain (loss) of the financial year | 195 394.60 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 89 007.59 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | 1.35 |
| Unrealized appreciation (depreciation) on financial futures | -1 658 582.47 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | 303 437.85 |
| Total changes in unrealized appreciation (depreciation) | -1 266 135.68 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | -1 070 741.08 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD) Annual report and audited financial statements as of 31 May 2020
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-31.5.2020 |
| Net assets at the beginning of the financial year | 39 789 421.30 |
| Subscriptions | 15 987 431.63 |
| Redemptions | 	-12 423 850.96	 |
| Total net subscriptions (redemptions) | 3 563 580.67 |
| Net income (loss) on investments | -378 444.38 |
| Total realized gain (loss) | 573 838.98 |
| Total changes in unrealized appreciation (depreciation) | 	-1 266 135.68	 |
| Net increase (decrease) in net assets as a result of operations | -1 070 741.08 |
| Net assets at the end of the financial year | 42 282 260.89 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2019-31.5.2020 |
| Class | (EUR hedged) K-1-acc |
| Number of shares outstanding at the beginning of the financial year | 1.2000 |
| Number of shares issued | 0.2000 |
| Number of shares redeemed | -0.1000 |
| Number of shares outstanding at the end of the financial year | 1.3000 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the financial year | 200 577.5180 |
| Number of shares issued | 30 623.4990 |
| Number of shares redeemed | -58 166.3370 |
| Number of shares outstanding at the end of the financial year | 173 034.6800 |
| Class | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the financial year | 30 218.7780 |
| Number of shares issued | 37 973.1950 |
| Number of shares redeemed | -9 883.5490 |
| Number of shares outstanding at the end of the financial year | 58 308.4240 |
| Class | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the financial year | 84 370.9350 |
| Number of shares issued | 48 937.6060 |
| Number of shares redeemed | -34 515.0040 |
| Number of shares outstanding at the end of the financial year | 98 793.5370 |
| Class | (CHF hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year | 14 294.7700 |
| Number of shares issued | 1 975.0000 |
| Number of shares redeemed | -1 710.0000 |
| Number of shares outstanding at the end of the financial year | 14 559.7700 |
| Class | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year | 13 500.0000 |
| Number of shares issued | 21 117.9600 |
| Number of shares redeemed | -8 991.8420 |
| Number of shares outstanding at the end of the financial year | 25 626.1180 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD) Annual report and audited financial statements as of 31 May 2020

## Statement of Investments in Securities and other Net Assets as of 31 May 2020
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ALBERTA, PROVINCE OF 3.30000% 18-15.03.28 | 125 000.00 | 144 113.23 | 0.34 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 27 000.00 | 28 775.47 | 0.07 |
| USD	APPLE INC 1.65000% 20-11.05.30 | 31 000.00 | 31 453.80 | 0.07 |
| USD	APPLE INC 2.20000% 19-11.09.29 | 100 000.00 | 107 346.22 | 0.25 |
| USD	APPLE INC 2.40000% 13-03.05.23 | 48 000.00 | 50 804.09 | 0.12 |
| USD	APPLE INC 2.45000% 16-04.08.26 | 56 000.00 | 61 043.55 | 0.14 |
| USD	APPLE INC 2.85000% 16-23.02.23 | 17 000.00 | 18 059.32 | 0.04 |
| USD	APPLE INC 2.90000% 17-12.09.27 | 80 000.00 | 89 625.32 | 0.21 |
| USD	APPLE INC 3.20000% 17-11.05.27 | 58 000.00 | 65 447.87 | 0.16 |
| USD	APPLE INC 3.25000% 16-23.02.26 | 133 000.00 | 150 015.80 | 0.36 |
| USD	BANK OF NOVA SCOTIA 2.00000% 19-15.11.22 | 50 000.00 | 51 379.03 | 0.12 |
| USD	BERKSHIRE HATHAWAY INC 2.20000% 16-15.03.21 | 40 000.00 | 40 509.70 | 0.10 |
| USD	BERKSHIRE HATHAWAY INC 3.12500% 16-15.03.26 | 54 000.00 | 60 373.16 | 0.14 |
| USD	CHEVRON CORP 2.23600% 20-11.05.30 | 71 000.00 | 74 598.35 | 0.18 |
| USD	CHEVRON CORP 3.19100% 13-24.06.23 | 60 000.00 | 64 494.48 | 0.15 |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 3.90000% 18-16.03.28 | 50 000.00 | 56 512.50 | 0.13 |
| USD	EQUINOR ASA 3.62500% 18-10.09.28 | 110 000.00 | 124 526.40 | 0.29 |
| USD	EXPORT DEVELOPMENT CANADA 2.00000% 17-17.05.22 | 45 000.00 | 46 461.56 | 0.11 |
| USD	EXPORT-IMPORT BANK OF KOREA 3.25000% 15-10.11.25 | 200 000.00 | 221 875.00 | 0.52 |
| USD	EXXON MOBIL CORP 3.04300% 16-01.03.26 | 36 000.00 | 39 878.41 | 0.09 |
| USD	EXXON MOBIL CORP 3.48200% 20-19.03.30 | 90 000.00 | 101 782.36 | 0.24 |
| USD	JOHNSON & JOHNSON 2.45000% 16-01.03.26 | 105 000.00 | 114 849.01 | 0.27 |
| USD	JOHNSON & JOHNSON 2.90000% 17-15.01.28 | 25 000.00 | 28 111.15 | 0.07 |
| USD	JOHNSON & JOHNSON 3.37500% 13-05.12.23 | 25 000.00 | 27 670.80 | 0.07 |
| USD	KOREA SOUTH-EAST POWER CO LTD-REG-S 2.12500% 20-03.02.25 | 200 000.00 | 206 826.00 | 0.49 |
| USD	MANITOBA, PROVINCE OF 2.12500% 17-04.05.22 | 44 000.00 | 45 268.96 | 0.11 |
| USD	MICROSOFT CORP 2.65000% 15-03.11.22 | 71 000.00 | 74 788.27 | 0.18 |
| USD	MICROSOFT CORP 2.87500% 17-06.02.24 | 74 000.00 | 80 163.10 | 0.19 |
| USD	MICROSOFT CORP 3.30000% 17-06.02.27 | 150 000.00 | 172 275.02 | 0.41 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 3.00000% 18-10.01.28 | 54 000.00 | 59 160.87 | 0.14 |
| USD	NOVARTIS CAPITAL CORP 2.20000% 20-14.08.30 | 70 000.00 | 73 991.23 | 0.18 |
| USD	QATAR, STATE OF-REG-S 4.00000% 19-14.03.29 | 200 000.00 | 225 500.00 | 0.53 |
| USD	QUEBEC, PROVINCE OF 2.50000% 16-20.04.26 | 80 000.00 | 87 356.80 | 0.21 |
| USD	SHELL INTERNATIONAL FINANCE BV 2.25000% 12-06.01.23 | 18 000.00 | 18 766.98 | 0.04 |
| USD	SHELL INTERNATIONAL FINANCE BV 1.87500% 16-10.05.21 | 28 000.00 | 28 366.53 | 0.07 |
| USD	SHELL INTERNATIONAL FINANCE BV 2.87500% 16-10.05.26 | 88 000.00 | 95 968.25 | 0.23 |
| USD	STATE STREET CORP 2.40000% 20-24.01.30 | 26 000.00 | 27 613.14 | 0.07 |
| USD	TOTAL CAPITAL INTERNATIONAL SA 3.70000% 13-15.01.24 | 40 000.00 | 43 963.40 | 0.10 |
| USD	VISA INC 3.15000% 15-14.12.25 | 54 000.00 | 60 671.26 | 0.14 |
| USD	WALMART INC 2.55000% 13-11.04.23 | 39 000.00 | 41 089.16 | 0.10 |
| USD	WALMART INC 3.70000% 18-26.06.28 | 180 000.00 | 212 988.28 | 0.50 |
| USD	WELLS FARGO CO 3.50000% 12-08.03.22 | 28 000.00 | 29 326.08 | 0.07 |
| USD	WESTPAC BANKING CORP 2.85000% 16-13.05.26 | 100 000.00 | 107 290.00 | 0.25 |
| USD	WESTPAC BANKING CORP 2.00000% 20-13.01.23 | 45 000.00 | 46 514.03 | 0.11 |
| Total USD |  | 3 537 593.94 | 8.36 |
| Total Notes, fixed rate |  | 3 537 593.94 | 8.36 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ASIAN DEVELOPMENT BANK 1.75000% 19-19.09.29 | 80 000.00 | 85 992.95 | 0.20 |
| USD	BANK OF AMERICA CORP 3.24800% 16-21.10.27 | 81 000.00 | 88 524.22 | 0.21 |
| USD	BANK OF MONTREAL 1.90000% 16-27.08.21 | 66 000.00 | 67 128.99 | 0.16 |
| USD	MACQUARIE GROUP LTD-REG-S 6.25000% 11-14.01.21 | 40 000.00 | 41 142.40 | 0.10 |
| USD	TORONTO-DOMINION BANK 2.50000% 15-14.12.20 | 30 000.00 | 30 349.08 | 0.07 |
| Total USD |  | 313 137.64 | 0.74 |
| Total Medium term notes, fixed rate |  | 313 137.64 | 0.74 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ONTARIO, PROVINCE OF 3.20000% 14-16.05.24 | 45 000.00 | 49 339.80 | 0.12 |
| USD	ONTARIO, PROVINCE OF 2.50000% 16-27.04.26 | 70 000.00 | 76 297.20 | 0.18 |
| Total USD |  | 125 637.00 | 0.30 |
| Total Bonds, fixed rate |  | 125 637.00 | 0.30 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 6.75000% 96-15.08.26 | 101 000.00 | 140 251.90 | 0.33 |
| USD	AMERICA, UNITED STATES OF 6.62500% 97-15.02.27 | 31 000.00 | 43 637.34 | 0.10 |
| USD	AMERICA, UNITED STATES OF 1.87500% 17-31.08.24 | 191 000.00 | 203 982.02 | 0.48 |
| USD	AMERICA, UNITED STATES OF 2.87500% 18-15.08.28 | 395 000.00 | 468 507.01 | 1.11 |
| USD	AMERICA, UNITED STATES OF 2.37500% 19-15.05.29 | 219 000.00 | 252 910.77 | 0.60 |
| USD	AMERICA, UNITED STATES OF 2.37500% 13-31.12.20 | 41 000.00 | 41 520.51 | 0.10 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-28.02.21 | 91 000.00 | 91 632.74 | 0.22 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.06.23 | 1 000.00 | 1 036.17 | 0.00 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-30.09.21 | 130 000.00 | 131 619.92 | 0.31 |
| USD	AMERICA, UNITED STATES OF 2.12500% 17-31.03.24 | 296 000.00 | 317 298.12 | 0.75 |
| USD	AMERICA, UNITED STATES OF 2.37500% 17-15.05.27 | 33 000.00 | 37 273.24 | 0.09 |
| USD	AMERICA, UNITED STATES OF 1.75000% 17-31.05.22 | 132 000.00 | 136 145.62 | 0.32 |
| USD	AMERICA, UNITED STATES OF 1.75000% 19-31.07.24 | 169 000.00 | 179 430.46 | 0.43 |
| USD	AMERICA, UNITED STATES OF 0.62500% 20-15.05.30 | 1 000.00 | 997.85 | 0.00 |
| Total USD |  | 2 046 243.67 | 4.84 |
| Total Treasury notes, fixed rate |  | 2 046 243.67 | 4.84 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD) Annual report and audited financial statements as of 31 May 2020
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 94 000.00 | 204 363.93 | 0.48 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 68 000.00 | 105 398.67 | 0.25 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 14-15.01.24 | 52 000.00 | 59 612.65 | 0.14 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 190 000.00 | 219 285.03 | 0.52 |
| USD	AMERICA, UNITED STATES OF 1.125%/CPI LINKED 11-15.01.21 | 16 000.00 | 18 874.55 | 0.05 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.01.22 | 44 000.00 | 50 297.14 | 0.12 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 13-15.01.23 | 110 000.00 | 124 223.34 | 0.29 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 195 000.00 | 220 437.04 | 0.52 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 89 000.00 | 101 311.28 | 0.24 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 164 000.00 | 187 006.30 | 0.44 |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 155 000.00 | 176 246.91 | 0.42 |
| Total USD |  | 1 467 056.84 | 3.47 |
| Total Treasury notes, floating rate |  | 1 467 056.84 | 3.47 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 7 489 669.09 | 17.71 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Treasury bills, zero coupon |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 26.03.20-24.09.20 | 10 000.00 | 9 994.65 | 0.02 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 07.11.19-05.11.20 | 100 000.00 | 99 926.95 | 0.24 |
| Total USD |  | 109 921.60 | 0.26 |
| Total Treasury bills, zero coupon |  | 109 921.60 | 0.26 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	COMMONWEALTH BANK OF AUSTRALIA-144A 3.45000% 18-16.03.23 | 50 000.00 | 53 331.00 | 0.13 |
| USD	HSBC HOLDINGS PLC 4.87500% 11-14.01.22 | 45 000.00 | 47 706.12 | 0.11 |
| Total USD |  | 101 037.12 | 0.24 |
| Total Notes, fixed rate |  | 101 037.12 | 0.24 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	GOLDMAN SACHS GROUP INC/THE 3.85000% 14-08.07.24 | 22 000.00 | 23 933.23 | 0.06 |
| USD	GUARDIAN LIFE GLOBAL FUNDING-REG-S 2.00000% 16-26.04.21 | 47 000.00 | 47 641.44 | 0.11 |
| Total USD |  | 71 574.67 | 0.17 |
| Total Medium term notes, fixed rate |  | 71 574.67 | 0.17 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25 | 81 000.00 | 91 136.50 | 0.21 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 16-15.04.21 | 30 000.00 | 32 473.74 | 0.08 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 61 000.00 | 69 185.14 | 0.16 |
| Total USD |  | 192 795.38 | 0.45 |
| Total Treasury notes, floating rate | 192 795.38 | 0.45 |
| Total Transferable securities and money market instruments traded on another regulated market | 475 328.77 | 1.12 |
| 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	UBS (IRL) ETF PLC-MSCI USA UCITS-ACC-A-USD-ETF	13 734.00 | 227 050.49 | 0.54 |
| USD	UBS ETFS PLC - MSCI USA TRN INDEX SF (USD) A-ACC	98 226.00 | 8 099 715.96 | 19.16 |
| Total Ireland | 8 326 766.45 | 19.70 |
| Luxembourg |  |  |
| USD | UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR)(USD HEDGED) F-ACC | 12 372.00 | 1 354 362.84 | 3.20 |
| USD | UBS (LUX) BOND SICAV - SHORT TERM USD CORPORATES (USD) F-ACC | 6 761.00 | 756 826.34 | 1.79 |
| USD | UBS (LUX) BOND SICAV - USD CORPORATES (USD) F-ACC | 22 294.00 | 485 563.32 | 1.15 |
| USD | UBS (LUX) BOND SICAV - USD HIGH YIELD (USD) F-ACC | 6 521.00 | 2 034 291.16 | 4.81 |
| USD | UBS (LUX) BOND SICAV USD - INVEST GRADE CORP USD F ACC | 67.16 | 7 536 949.74 | 17.83 |
| USD | UBS (LUX) BOND SICAV - EMERG ECON CORPORATES (USD) F-ACC | 15 559.00 | 1 738 562.66 | 4.11 |
| USD | UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD) F-ACC | 1 393.00 | 2 644 540.85 | 6.25 |
| CAD | UBS ETF - MSCI CANADA UCITS ETF-A | 42 567.00 | 1 193 212.57 | 2.82 |
| JPY | UBS ETF - MSCI JAPAN UCITS ETF-A | 28 898.00 | 1 267 397.33 | 3.00 |
| CHF | UBS ETF - MSCI SWITZERLAND 20/35 UCITS A-CAP | 55 173.00 | 1 249 102.48 | 2.95 |
| GBP | UBS ETF MSCI UNITED KINGDOM UCITS ETF (GBP)-A | 33 019.00 | 814 223.43 | 1.93 |
| EUR | UBS ETF - MSCI EMU UCITS ETF (EUR) A-CAP | 138 122.00 | 2 798 706.36 | 6.62 |
| Total Luxembourg | 23 873 739.08 | 56.46 |
| Total Investment funds, open end | 32 200 505.53 | 76.16 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 32 200 505.53 | 76.16 |
| Total investments in securities | 40 165 503.39 | 94.99 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD) Annual report and audited financial statements as of 31 May 2020
| Description	Quantity/ | Valuation in USD | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain (loss) on Futures/ Forward Exchange Contracts/ Swaps (Note 1) | of net assets |
| Derivative instruments |  |  |  |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Financial Futures on bonds |  |  |  |
|  |  |  |  |
| USD	US 2YR TREASURY NOTE FUTURE 30.09.20 | 45.00 | 4 921.83 | 0.01 |
| USD	US 5YR TREASURY NOTE FUTURE 30.09.20 | 19.00 | 6 085.93 | 0.02 |
| Total Financial Futures on bonds |  | 11 007.76 | 0.03 |
| Financial Futures on Indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.06.20 | -82.00 | -655 819.31 | -1.55 |
| USD	S&P500 EMINI FUTURE 19.06.20 | -49.00 | -882 827.50 | -2.09 |
| CAD	S&P/TSX 60 INDEX FUTURE 18.06.20 | -9.00 | -130 943.42 | -0.31 |
| Total Financial Futures on Indices |  | -1 669 590.23 | -3.95 |
| Total Derivative instruments listed on an official stock exchange |  | -1 658 582.47 | -3.92 |
| Total Derivative instruments |  | -1 658 582.47 | -3.92 |
| Forward Foreign Exchange contracts |  |  |  |
| Forward Foreign Exchange contracts (Purchase/Sale) |  |  |  |

| USD | 36 143.84 | CHF | 35 000.00 | 24.6.2020 | -312.72 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 13 954.09 | AUD | 22 000.00 | 24.6.2020 | -649.78 | 0.00 |
| JPY | 4 241 000.00 | USD | 39 443.02 | 24.6.2020 | -64.97 | 0.00 |
| USD | 17 407.57 | HKD | 135 000.00 | 24.6.2020 | -1.00 | 0.00 |
| GBP | 11 000.00 | USD | 13 596.43 | 24.6.2020 | 4.21 | 0.00 |
| USD | 586 630.65 | CHF | 567 300.00 | 24.6.2020 | -4 278.12 | -0.01 |
| USD | 1 419 235.99 | EUR | 1 304 500.00 | 24.6.2020 | -32 506.11 | -0.08 |
| USD | 3 155.04 | SGD | 4 500.00 | 24.6.2020 | -28.96 | 0.00 |
| USD | 667 998.85 | CAD | 944 700.00 | 24.6.2020 | -15 487.28 | -0.04 |
| SEK | 5 000.00 | USD | 497.61 | 24.6.2020 | 33.38 | 0.00 |
| USD | 11 737.48 | CAD | 16 500.00 | 24.6.2020 | -200.19 | 0.00 |
| USD | 24 872.05 | CAD | 34 500.00 | 24.6.2020 | -88.54 | 0.00 |
| USD | 39 771.75 | EUR | 36 500.00 | 24.6.2020 | -848.09 | 0.00 |
| USD | 64 907.29 | JPY | 6 950 000.00 | 24.6.2020 | 375.95 | 0.00 |
| USD | 58 658.89 | GBP | 46 500.00 | 24.6.2020 | 1 165.26 | 0.00 |
| EUR | 45 000.00 | USD | 49 089.47 | 24.6.2020 | 989.79 | 0.00 |
| USD | 21 701.88 | EUR | 20 000.00 | 24.6.2020 | -555.57 | 0.00 |
| USD | 42 610.23 | GBP | 34 500.00 | 22.7.2020 | -51.20 | 0.00 |
| USD | 1 427 477.86 | EUR | 1 317 000.00 | 22.7.2020 | -39 053.09 | -0.09 |
| USD | 620 071.60 | CHF | 601 400.00 | 22.7.2020 | -6 873.86 | -0.02 |
| USD | 35 389.92 | JPY | 3 800 000.00 | 22.7.2020 | 91.09 | 0.00 |
| SEK | 5 000.00 | USD | 509.01 | 22.7.2020 | 22.12 | 0.00 |
| USD | 710 032.90 | CAD | 994 700.00 | 22.7.2020 | -9 631.66 | -0.02 |
| USD | 14 280.35 | AUD | 22 000.00 | 22.7.2020 | -323.28 | 0.00 |
| USD | 3 177.14 | SGD | 4 500.00 | 22.7.2020 | -7.19 | 0.00 |
| USD | 17 402.87 | HKD | 135 000.00 | 22.7.2020 | 6.95 | 0.00 |
| CHF | 6 876 300.00 | USD | 7 092 373.41 | 15.6.2020 | 67 903.16 | 0.16 |
| EUR | 15 245 000.00 | USD | 16 532 364.03 | 15.6.2020 | 429 603.33 | 1.02 |
| USD | 103 542.39 | CHF | 100 500.00 | 15.6.2020 | -1 108.05 | 0.00 |
| USD | 30 131.56 | EUR | 27 500.00 | 24.6.2020 | -472.43 | 0.00 |
| GBP | 20 000.00 | USD | 24 620.82 | 24.6.2020 | 107.62 | 0.00 |
| GBP | 20 000.00 | USD | 24 623.96 | 22.7.2020 | 107.31 | 0.00 |
| USD | 30 149.52 | EUR | 27 500.00 | 22.7.2020 | -472.80 | 0.00 |
| CHF | 178 800.00 | USD | 184 339.78 | 15.6.2020 | 1 844.28 | 0.00 |
| EUR | 359 700.00 | USD | 395 825.39 | 15.6.2020 | 4 385.80 | 0.01 |
| USD | 22 616.69 | EUR | 20 500.00 | 22.7.2020 | -210.86 | 0.00 |
| USD | 22 603.18 | EUR | 20 500.00 | 24.6.2020 | -210.71 | 0.00 |
| USD | 25 543.27 | EUR | 23 000.00 | 24.6.2020 | -52.80 | 0.00 |
| USD | 25 558.73 | EUR | 23 000.00 | 22.7.2020 | -52.67 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | 393 098.32 | 0.93 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 3 426 907.80 | 8.10 |
| Bank overdraft and other short-term liabilities | -19 411.06 | -0.05 |
| Other assets and liabilities | -25 255.09 | -0.05 |
| Total net assets | 42 282 260.89 | 100.00 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD) Annual report and audited financial statements as of 31 May 2020

Translation (ENDE, 2020-05-31):
# UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 31.5.2020 |  | 31.5.2019 |
| Nettovermögen in USD |  | 42 282 260.89 |  | 39 789 421.30 |
| Klasse (EUR hedged) K-1-acc 1 | LU1981796631 |  |  |  |
| Aktien im Umlauf |  | 1.3000 |  | 1.2000 |
| Nettoinventarwert pro Aktie in EUR |  | 2 821 521.22 |  | 2 906 792.07 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 2 821 521.22 |  | 2 906 792.07 |
| Klasse P-acc 3 | LU1821947865 |  |  |  |
| Aktien im Umlauf |  | 173 034.6800 |  | 200 577.5180 |
| Nettoinventarwert pro Aktie in USD |  | 101.73 |  | 102.82 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 101.73 |  | 102.82 |
| Klasse (CHF hedged) P-acc 3 | LU1821948087 |  |  |  |
| Aktien im Umlauf |  | 58 308.4240 |  | 30 218.7780 |
| Nettoinventarwert pro Aktie in CHF |  | 95.90 |  | 99.71 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 2 |  | 95.90 |  | 99.71 |
| Klasse (EUR hedged) P-acc 3 | LU1821947949 |  |  |  |
| Aktien im Umlauf |  | 98 793.5370 |  | 84 370.9350 |
| Nettoinventarwert pro Aktie in EUR |  | 96.71 |  | 100.12 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 96.71 |  | 100.12 |
| Klasse (CHF hedged) Q-acc 4 | LU1821948160 |  |  |  |
| Aktien im Umlauf |  | 14 559.7700 |  | 14 294.7700 |
| Nettoinventarwert pro Aktie in CHF |  | 95.76 |  | 98.84 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 2 |  | 95.76 |  | 98.84 |
| Klasse (EUR hedged) Q-acc 5 | LU1959317717 |  |  |  |
| Aktien im Umlauf |  | 25 626.1180 |  | 13 500.0000 |
| Nettoinventarwert pro Aktie in EUR |  | 94.74 |  | 97.36 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 94.74 |  | 97.36 |
| 1  Erste NAV 25.4.2019 2  Siehe Erläuterung 1 3  Erste NAV 4.7.2018 4  Erste NAV 24.7.2018 5  Erste NAV 18.4.2019 |  |  |  |  |
| Performance |  |  |  |  |
|  |  | Währung | 2019/2020 | 2018/2019 |
| Klasse (EUR hedged) K-1-acc |  | EUR | -2.9% | - |
| Klasse P-acc |  | USD | -1.1% | - |
| Klasse (CHF hedged) P-acc |  | CHF | -3.8% | - |
| Klasse (EUR hedged) P-acc |  | EUR | -3.4% | - |
| Klasse (CHF hedged) Q-acc |  | CHF | -3.1% | - |
| Klasse (EUR hedged) Q-acc |  | EUR | -2.7% | - |

Die historische Performance stellt keinen Indikator für die laufende oder zukünftige Performance dar.
Die Performancedaten lassen die bei der Ausgabe und Rücknahme der Aktien erhobenen Kommissionen und Kosten unberücksichtigt. Die Performancedaten sind ungeprüft.
Der Subfonds verfügt über keine Benchmark.
UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020

## Bericht des Portfolio Managers
Das Rechnungsjahr vom 1. Juni 2019 bis zum 31. Mai 2020 war zunächst vom reichlichen Angebot an Zentral- bankliquidität und der Markterwartung anhaltend nied- riger Zinssätze geprägt. Vor diesem Hintergrund erzielten sowohl traditionelle defensive als auch risikoreichere Anlagen positive relative Erträge.
Im März, etwa zwei Wochen vor der Talsohle an den Aktienmärkten, verringerte die Strategie das Risiko in zwei Schritten. Trotz einer Erholung ab April 2020 wies der Subfonds im Rechnungsjahr einen negativen Ertrag aus.
Die bedeutendste Entwicklung seit dem Jahresende war der Ausbruch von Covid-19, die zunächst in China auf- trat, aber mittlerweile die meisten Kontinente erfasst hat. Derzeit ist es nicht möglich, abzuschätzen, wie dieses neu entstehende Risiko die Unternehmen in unserem Portfo- lio genau beeinflussen wird. Doch die Besorgnis über die Auswirkungen auf die Weltwirtschaft nimmt zu. An den Finanzmärkten ist es in den letzten Wochen zu bedeuten- den Korrekturen gekommen. Der Verwaltungsrat und die Manager behalten die Bemühungen der Regierungen zur Eindämmung der Virusausbreitung aufmerksam im Auge und beobachten die möglichen wirtschaftlichen Auswir- kungen auf die Unternehmen in unserem Portfolio.

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
Luxemburg	56.46
| Irland | 19.69 |
| --- | --- |
| Vereinigte Staaten | 14.10 |
| Kanada | 1.41 |
| Südkorea | 1.02 |
| Australien | 0.72 |
| Katar | 0.53 |
| Niederlande | 0.34 |
| Norwegen | 0.30 |
| Philippinen | 0.20 |
| Grossbritannien | 0.11 |
| Frankreich | 0.11 |
| Total | 94.99 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Anlagefonds | 76.16 |
| --- | --- |
| Länder- & Zentralregierungen | 9.56 |
| Banken & Kreditinstitute | 2.02 |
| Finanz- & Beteiligungsgesellschaften | 1.38 |
| Computer & Netzwerkausrüster | 1.36 |
| Erdöl | 0.96 |
| Kantone, Bundesstaaten | 0.95 |
| Internet, Software & IT-Dienste | 0.77 |
| Detailhandel, Warenhäuser | 0.60 |
| Energie- & Wasserversorgung | 0.49 |
| Pharmazeutik, Kosmetik & medizinische Produkte | 0.40 |
| Supranationale Organisationen | 0.20 |
| Diverse Dienstleistungen | 0.14 |
| Total | 94.99 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020

## Nettovermögensaufstellung
Aktiva	31.5.2020
USD
Wertpapierbestand, Einstandswert	39 674 159.07
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	491 344.32	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 40 165 503.39 |
| Bankguthaben, Sicht- und Fristgelder | 548 025.04 |
| Andere liquide Mittel (Margins) | 2 878 882.76 |
| Forderungen aus Wertpapierverkäufen (Erläuterung 1) | 39 572.80 |
| Forderungen aus Zeichnungen | 3 065.29 |
| Zinsforderungen aus Wertpapieren | 39 923.48 |
| Sonstige Forderungen | 31 416.59 |
| Nicht realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten (Erläuterung 1) | -1 658 582.47 |
| Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1) | 393 098.32 |
| Total Aktiva | 42 440 905.20 |
|  |  |
| Passiva |  |
| Kontokorrentkredit | -19 411.06 |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -105 752.80 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -22 771.20 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -1 491.91 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-9 217.34	 |
| Total Rückstellungen für Aufwendungen | -33 480.45 |
| Total Passiva | -158 644.31 |
|  |  |
| Nettovermögen am Ende des Geschäftsjahres | 42 282 260.89 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 1.6.2019-31.5.2020 |
| Zinsertrag auf liquide Mittel | 8 306.66 |
| Zinsen auf Wertpapiere | 146 964.39 |
| Dividenden | 59 396.61 |
| Erträge aus Securities Lending (Erläuterung 15) | 8 112.87 |
| Sonstige Erträge (Erläuterung 4) | 42 545.98 |
| Total Erträge | 265 326.51 |
|  |  |
| Aufwendungen |  |
| Kosten aus Securities Lending (Erläuterung 15) | -3 245.15 |
| Pauschale Verwaltungskommission (Erläuterung 2) | -620 658.67 |
| Abonnementsabgabe (Erläuterung 3) | -9 859.05 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -9 164.24 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -843.78 |
| Total Aufwendungen | -643 770.89 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | -378 444.38 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 1 313 244.56 |
| Realisierter Kursgewinn (-verlust) aus renditebewerteten Wertpapieren und Geldmarktinstrumenten | 1 213.02 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | -102 769.38 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | -1 289 989.00 |
| Realisierter Währungsgewinn (-verlust) | 652 139.78 |
| Total der realisierten Gewinne (Verluste) | 573 838.98 |
|  |  |
| Realisierter Nettogewinn (-verlust) des Geschäftsjahres | 195 394.60 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 89 007.59 |
| Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente | 1.35 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | -1 658 582.47 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | 303 437.85 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | -1 266 135.68 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | -1 070 741.08 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-31.5.2020 |
| Nettovermögen zu Beginn des Geschäftsjahres | 39 789 421.30 |
| Zeichnungen | 15 987 431.63 |
| Rücknahmen | 	-12 423 850.96	 |
| Total Mittelzufluss (-abfluss) | 3 563 580.67 |
| Nettoerträge (-verluste) aus Anlagen | -378 444.38 |
| Total der realisierten Gewinne (Verluste) | 573 838.98 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	-1 266 135.68	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | -1 070 741.08 |
| Nettovermögen am Ende des Geschäftsjahres | 42 282 260.89 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2019-31.5.2020 |
| Klasse | (EUR hedged) K-1-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 1.2000 |
| Anzahl der ausgegebenen Aktien | 0.2000 |
| Anzahl der zurückgegebenen Aktien | -0.1000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 1.3000 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 200 577.5180 |
| Anzahl der ausgegebenen Aktien | 30 623.4990 |
| Anzahl der zurückgegebenen Aktien | -58 166.3370 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 173 034.6800 |
| Klasse | (CHF hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 30 218.7780 |
| Anzahl der ausgegebenen Aktien | 37 973.1950 |
| Anzahl der zurückgegebenen Aktien | -9 883.5490 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 58 308.4240 |
| Klasse | (EUR hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 84 370.9350 |
| Anzahl der ausgegebenen Aktien | 48 937.6060 |
| Anzahl der zurückgegebenen Aktien | -34 515.0040 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 98 793.5370 |
| Klasse | (CHF hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 14 294.7700 |
| Anzahl der ausgegebenen Aktien | 1 975.0000 |
| Anzahl der zurückgegebenen Aktien | -1 710.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 14 559.7700 |
| Klasse | (EUR hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 13 500.0000 |
| Anzahl der ausgegebenen Aktien | 21 117.9600 |
| Anzahl der zurückgegebenen Aktien | -8 991.8420 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 25 626.1180 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 31. Mai 2020
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	ALBERTA, PROVINCE OF 3.30000% 18-15.03.28 | 125 000.00 | 144 113.23 | 0.34 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 27 000.00 | 28 775.47 | 0.07 |
| USD	APPLE INC 1.65000% 20-11.05.30 | 31 000.00 | 31 453.80 | 0.07 |
| USD	APPLE INC 2.20000% 19-11.09.29 | 100 000.00 | 107 346.22 | 0.25 |
| USD	APPLE INC 2.40000% 13-03.05.23 | 48 000.00 | 50 804.09 | 0.12 |
| USD	APPLE INC 2.45000% 16-04.08.26 | 56 000.00 | 61 043.55 | 0.14 |
| USD	APPLE INC 2.85000% 16-23.02.23 | 17 000.00 | 18 059.32 | 0.04 |
| USD	APPLE INC 2.90000% 17-12.09.27 | 80 000.00 | 89 625.32 | 0.21 |
| USD	APPLE INC 3.20000% 17-11.05.27 | 58 000.00 | 65 447.87 | 0.16 |
| USD	APPLE INC 3.25000% 16-23.02.26 | 133 000.00 | 150 015.80 | 0.36 |
| USD	BANK OF NOVA SCOTIA 2.00000% 19-15.11.22 | 50 000.00 | 51 379.03 | 0.12 |
| USD	BERKSHIRE HATHAWAY INC 2.20000% 16-15.03.21 | 40 000.00 | 40 509.70 | 0.10 |
| USD	BERKSHIRE HATHAWAY INC 3.12500% 16-15.03.26 | 54 000.00 | 60 373.16 | 0.14 |
| USD	CHEVRON CORP 2.23600% 20-11.05.30 | 71 000.00 | 74 598.35 | 0.18 |
| USD	CHEVRON CORP 3.19100% 13-24.06.23 | 60 000.00 | 64 494.48 | 0.15 |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 3.90000% 18-16.03.28 | 50 000.00 | 56 512.50 | 0.13 |
| USD	EQUINOR ASA 3.62500% 18-10.09.28 | 110 000.00 | 124 526.40 | 0.29 |
| USD	EXPORT DEVELOPMENT CANADA 2.00000% 17-17.05.22 | 45 000.00 | 46 461.56 | 0.11 |
| USD	EXPORT-IMPORT BANK OF KOREA 3.25000% 15-10.11.25 | 200 000.00 | 221 875.00 | 0.52 |
| USD	EXXON MOBIL CORP 3.04300% 16-01.03.26 | 36 000.00 | 39 878.41 | 0.09 |
| USD	EXXON MOBIL CORP 3.48200% 20-19.03.30 | 90 000.00 | 101 782.36 | 0.24 |
| USD	JOHNSON & JOHNSON 2.45000% 16-01.03.26 | 105 000.00 | 114 849.01 | 0.27 |
| USD	JOHNSON & JOHNSON 2.90000% 17-15.01.28 | 25 000.00 | 28 111.15 | 0.07 |
| USD	JOHNSON & JOHNSON 3.37500% 13-05.12.23 | 25 000.00 | 27 670.80 | 0.07 |
| USD	KOREA SOUTH-EAST POWER CO LTD-REG-S 2.12500% 20-03.02.25 | 200 000.00 | 206 826.00 | 0.49 |
| USD	MANITOBA, PROVINCE OF 2.12500% 17-04.05.22 | 44 000.00 | 45 268.96 | 0.11 |
| USD	MICROSOFT CORP 2.65000% 15-03.11.22 | 71 000.00 | 74 788.27 | 0.18 |
| USD	MICROSOFT CORP 2.87500% 17-06.02.24 | 74 000.00 | 80 163.10 | 0.19 |
| USD	MICROSOFT CORP 3.30000% 17-06.02.27 | 150 000.00 | 172 275.02 | 0.41 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 3.00000% 18-10.01.28 | 54 000.00 | 59 160.87 | 0.14 |
| USD	NOVARTIS CAPITAL CORP 2.20000% 20-14.08.30 | 70 000.00 | 73 991.23 | 0.18 |
| USD	QATAR, STATE OF-REG-S 4.00000% 19-14.03.29 | 200 000.00 | 225 500.00 | 0.53 |
| USD	QUEBEC, PROVINCE OF 2.50000% 16-20.04.26 | 80 000.00 | 87 356.80 | 0.21 |
| USD	SHELL INTERNATIONAL FINANCE BV 2.25000% 12-06.01.23 | 18 000.00 | 18 766.98 | 0.04 |
| USD	SHELL INTERNATIONAL FINANCE BV 1.87500% 16-10.05.21 | 28 000.00 | 28 366.53 | 0.07 |
| USD	SHELL INTERNATIONAL FINANCE BV 2.87500% 16-10.05.26 | 88 000.00 | 95 968.25 | 0.23 |
| USD	STATE STREET CORP 2.40000% 20-24.01.30 | 26 000.00 | 27 613.14 | 0.07 |
| USD	TOTAL CAPITAL INTERNATIONAL SA 3.70000% 13-15.01.24 | 40 000.00 | 43 963.40 | 0.10 |
| USD	VISA INC 3.15000% 15-14.12.25 | 54 000.00 | 60 671.26 | 0.14 |
| USD	WALMART INC 2.55000% 13-11.04.23 | 39 000.00 | 41 089.16 | 0.10 |
| USD	WALMART INC 3.70000% 18-26.06.28 | 180 000.00 | 212 988.28 | 0.50 |
| USD	WELLS FARGO CO 3.50000% 12-08.03.22 | 28 000.00 | 29 326.08 | 0.07 |
| USD	WESTPAC BANKING CORP 2.85000% 16-13.05.26 | 100 000.00 | 107 290.00 | 0.25 |
| USD	WESTPAC BANKING CORP 2.00000% 20-13.01.23 | 45 000.00 | 46 514.03 | 0.11 |
| Total USD |  | 3 537 593.94 | 8.36 |
| Total Notes, fester Zins |  | 3 537 593.94 | 8.36 |
| Medium-Term Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	ASIAN DEVELOPMENT BANK 1.75000% 19-19.09.29 | 80 000.00 | 85 992.95 | 0.20 |
| USD	BANK OF AMERICA CORP 3.24800% 16-21.10.27 | 81 000.00 | 88 524.22 | 0.21 |
| USD	BANK OF MONTREAL 1.90000% 16-27.08.21 | 66 000.00 | 67 128.99 | 0.16 |
| USD	MACQUARIE GROUP LTD-REG-S 6.25000% 11-14.01.21 | 40 000.00 | 41 142.40 | 0.10 |
| USD	TORONTO-DOMINION BANK 2.50000% 15-14.12.20 | 30 000.00 | 30 349.08 | 0.07 |
| Total USD |  | 313 137.64 | 0.74 |
| Total Medium-Term Notes, fester Zins |  | 313 137.64 | 0.74 |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	ONTARIO, PROVINCE OF 3.20000% 14-16.05.24 | 45 000.00 | 49 339.80 | 0.12 |
| USD	ONTARIO, PROVINCE OF 2.50000% 16-27.04.26 | 70 000.00 | 76 297.20 | 0.18 |
| Total USD |  | 125 637.00 | 0.30 |
| Total Anleihen, fester Zins |  | 125 637.00 | 0.30 |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 6.75000% 96-15.08.26 | 101 000.00 | 140 251.90 | 0.33 |
| USD	AMERICA, UNITED STATES OF 6.62500% 97-15.02.27 | 31 000.00 | 43 637.34 | 0.10 |
| USD	AMERICA, UNITED STATES OF 1.87500% 17-31.08.24 | 191 000.00 | 203 982.02 | 0.48 |
| USD	AMERICA, UNITED STATES OF 2.87500% 18-15.08.28 | 395 000.00 | 468 507.01 | 1.11 |
| USD	AMERICA, UNITED STATES OF 2.37500% 19-15.05.29 | 219 000.00 | 252 910.77 | 0.60 |
| USD	AMERICA, UNITED STATES OF 2.37500% 13-31.12.20 | 41 000.00 | 41 520.51 | 0.10 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-28.02.21 | 91 000.00 | 91 632.74 | 0.22 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.06.23 | 1 000.00 | 1 036.17 | 0.00 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-30.09.21 | 130 000.00 | 131 619.92 | 0.31 |
| USD	AMERICA, UNITED STATES OF 2.12500% 17-31.03.24 | 296 000.00 | 317 298.12 | 0.75 |
| USD	AMERICA, UNITED STATES OF 2.37500% 17-15.05.27 | 33 000.00 | 37 273.24 | 0.09 |
| USD	AMERICA, UNITED STATES OF 1.75000% 17-31.05.22 | 132 000.00 | 136 145.62 | 0.32 |
| USD	AMERICA, UNITED STATES OF 1.75000% 19-31.07.24 | 169 000.00 | 179 430.46 | 0.43 |
| USD	AMERICA, UNITED STATES OF 0.62500% 20-15.05.30 | 1 000.00 | 997.85 | 0.00 |
| Total USD |  | 2 046 243.67 | 4.84 |
| Total Treasury-Notes, fester Zins |  | 2 046 243.67 | 4.84 |
| UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020 |  |  |  |

| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Treasury-Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 94 000.00 | 204 363.93 | 0.48 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 68 000.00 | 105 398.67 | 0.25 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 14-15.01.24 | 52 000.00 | 59 612.65 | 0.14 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 190 000.00 | 219 285.03 | 0.52 |
| USD	AMERICA, UNITED STATES OF 1.125%/CPI LINKED 11-15.01.21 | 16 000.00 | 18 874.55 | 0.05 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.01.22 | 44 000.00 | 50 297.14 | 0.12 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 13-15.01.23 | 110 000.00 | 124 223.34 | 0.29 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 195 000.00 | 220 437.04 | 0.52 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 89 000.00 | 101 311.28 | 0.24 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 164 000.00 | 187 006.30 | 0.44 |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 155 000.00 | 176 246.91 | 0.42 |
| Total USD |  | 1 467 056.84 | 3.47 |
| Total Treasury-Notes, variabler Zins | 1 467 056.84 | 3.47 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 7 489 669.09 | 17.71 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Treasury-Bills, Nullcoupon |  |  |
| USD |  |  |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 26.03.20-24.09.20	10 000.00 | 9 994.65 | 0.02 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 07.11.19-05.11.20	100 000.00 | 99 926.95 | 0.24 |
| Total USD | 109 921.60 | 0.26 |
| Total Treasury-Bills, Nullcoupon | 109 921.60 | 0.26 |
| Notes, fester Zins |  |  |
| USD |  |  |
| USD	COMMONWEALTH BANK OF AUSTRALIA-144A 3.45000% 18-16.03.23	50 000.00 | 53 331.00 | 0.13 |
| USD	HSBC HOLDINGS PLC 4.87500% 11-14.01.22	45 000.00 | 47 706.12 | 0.11 |
| Total USD | 101 037.12 | 0.24 |
| Total Notes, fester Zins | 101 037.12 | 0.24 |
| Medium-Term Notes, fester Zins |  |  |
| USD |  |  |
| USD	GOLDMAN SACHS GROUP INC/THE 3.85000% 14-08.07.24	22 000.00 | 23 933.23 | 0.06 |
| USD	GUARDIAN LIFE GLOBAL FUNDING-REG-S 2.00000% 16-26.04.21	47 000.00 | 47 641.44 | 0.11 |
| Total USD | 71 574.67 | 0.17 |
| Total Medium-Term Notes, fester Zins | 71 574.67 | 0.17 |
| Treasury-Notes, variabler Zins |  |  |
| USD |  |  |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25	81 000.00 | 91 136.50 | 0.21 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 16-15.04.21	30 000.00 | 32 473.74 | 0.08 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22	61 000.00 | 69 185.14 | 0.16 |
| Total USD | 192 795.38 | 0.45 |
| Total Treasury-Notes, variabler Zins | 192 795.38 | 0.45 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden | 475 328.77 | 1.12 |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
| Irland |  |
| --- | --- |
| USD | UBS (IRL) ETF PLC-MSCI USA UCITS-ACC-A-USD-ETF | 13 734.00 | 227 050.49 | 0.54 |
| USD | UBS ETFS PLC - MSCI USA TRN INDEX SF (USD) A-ACC | 98 226.00 | 8 099 715.96 | 19.16 |
| Total Irland |  | 8 326 766.45 | 19.70 |
| Luxemburg |  |  |  |
| USD	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR)(USD HEDGED) F-ACC | 12 372.00 | 1 354 362.84 | 3.20 |
| USD	UBS (LUX) BOND SICAV - SHORT TERM USD CORPORATES (USD) F-ACC | 6 761.00 | 756 826.34 | 1.79 |
| USD	UBS (LUX) BOND SICAV - USD CORPORATES (USD) F-ACC | 22 294.00 | 485 563.32 | 1.15 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD (USD) F-ACC | 6 521.00 | 2 034 291.16 | 4.81 |
| USD	UBS (LUX) BOND SICAV USD - INVEST GRADE CORP USD F ACC | 67.16 | 7 536 949.74 | 17.83 |
| USD	UBS (LUX) BOND SICAV - EMERG ECON CORPORATES (USD) F-ACC | 15 559.00 | 1 738 562.66 | 4.11 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD) F-ACC | 1 393.00 | 2 644 540.85 | 6.25 |
| CAD	UBS ETF - MSCI CANADA UCITS ETF-A | 42 567.00 | 1 193 212.57 | 2.82 |
| JPY	UBS ETF - MSCI JAPAN UCITS ETF-A | 28 898.00 | 1 267 397.33 | 3.00 |
| CHF	UBS ETF - MSCI SWITZERLAND 20/35 UCITS A-CAP | 55 173.00 | 1 249 102.48 | 2.95 |
| GBP	UBS ETF MSCI UNITED KINGDOM UCITS ETF (GBP)-A | 33 019.00 | 814 223.43 | 1.93 |
| EUR	UBS ETF - MSCI EMU UCITS ETF (EUR) A-CAP | 138 122.00 | 2 798 706.36 | 6.62 |
| Total Luxemburg | 23 873 739.08 | 56.46 |
| Total Investment Fonds, open end | 32 200 505.53 | 76.16 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 | 32 200 505.53 | 76.16 |
| Total des Wertpapierbestandes | 40 165 503.39 | 94.99 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
| Bezeichnung	Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- |
| Nominal | NR Kursgewinn (-verlust) auf Futures/ Devisentermin- kontrakten/ Swaps (Erl. 1) | Netto- vermögens |
| Derivative Instrumente |  |  |  |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Finanzterminkontrakte auf Anleihen |  |  |  |
|  |  |  |  |
| USD	US 2YR TREASURY NOTE FUTURE 30.09.20 | 45.00 | 4 921.83 | 0.01 |
| USD	US 5YR TREASURY NOTE FUTURE 30.09.20 | 19.00 | 6 085.93 | 0.02 |
| Total Finanzterminkontrakte auf Anleihen |  | 11 007.76 | 0.03 |
| Finanzterminkontrakte auf Indizes |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.06.20 | -82.00 | -655 819.31 | -1.55 |
| USD	S&P500 EMINI FUTURE 19.06.20 | -49.00 | -882 827.50 | -2.09 |
| CAD	S&P/TSX 60 INDEX FUTURE 18.06.20 | -9.00 | -130 943.42 | -0.31 |
| Total Finanzterminkontrakte auf Indizes |  | -1 669 590.23 | -3.95 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | -1 658 582.47 | -3.92 |
| Total Derivative Instrumente |  | -1 658 582.47 | -3.92 |
| Devisenterminkontrakte |  |  |  |
| Devisenterminkontrakte (Kauf/Verkauf) |  |  |  |

| USD | 36 143.84 | CHF | 35 000.00 | 24.6.2020 | -312.72 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 13 954.09 | AUD | 22 000.00 | 24.6.2020 | -649.78 | 0.00 |
| JPY | 4 241 000.00 | USD | 39 443.02 | 24.6.2020 | -64.97 | 0.00 |
| USD | 17 407.57 | HKD | 135 000.00 | 24.6.2020 | -1.00 | 0.00 |
| GBP | 11 000.00 | USD | 13 596.43 | 24.6.2020 | 4.21 | 0.00 |
| USD | 586 630.65 | CHF | 567 300.00 | 24.6.2020 | -4 278.12 | -0.01 |
| USD | 1 419 235.99 | EUR | 1 304 500.00 | 24.6.2020 | -32 506.11 | -0.08 |
| USD | 3 155.04 | SGD | 4 500.00 | 24.6.2020 | -28.96 | 0.00 |
| USD | 667 998.85 | CAD | 944 700.00 | 24.6.2020 | -15 487.28 | -0.04 |
| SEK | 5 000.00 | USD | 497.61 | 24.6.2020 | 33.38 | 0.00 |
| USD | 11 737.48 | CAD | 16 500.00 | 24.6.2020 | -200.19 | 0.00 |
| USD | 24 872.05 | CAD | 34 500.00 | 24.6.2020 | -88.54 | 0.00 |
| USD | 39 771.75 | EUR | 36 500.00 | 24.6.2020 | -848.09 | 0.00 |
| USD | 64 907.29 | JPY | 6 950 000.00 | 24.6.2020 | 375.95 | 0.00 |
| USD | 58 658.89 | GBP | 46 500.00 | 24.6.2020 | 1 165.26 | 0.00 |
| EUR | 45 000.00 | USD | 49 089.47 | 24.6.2020 | 989.79 | 0.00 |
| USD | 21 701.88 | EUR | 20 000.00 | 24.6.2020 | -555.57 | 0.00 |
| USD | 42 610.23 | GBP | 34 500.00 | 22.7.2020 | -51.20 | 0.00 |
| USD | 1 427 477.86 | EUR | 1 317 000.00 | 22.7.2020 | -39 053.09 | -0.09 |
| USD | 620 071.60 | CHF | 601 400.00 | 22.7.2020 | -6 873.86 | -0.02 |
| USD | 35 389.92 | JPY | 3 800 000.00 | 22.7.2020 | 91.09 | 0.00 |
| SEK | 5 000.00 | USD | 509.01 | 22.7.2020 | 22.12 | 0.00 |
| USD | 710 032.90 | CAD | 994 700.00 | 22.7.2020 | -9 631.66 | -0.02 |
| USD | 14 280.35 | AUD | 22 000.00 | 22.7.2020 | -323.28 | 0.00 |
| USD | 3 177.14 | SGD | 4 500.00 | 22.7.2020 | -7.19 | 0.00 |
| USD | 17 402.87 | HKD | 135 000.00 | 22.7.2020 | 6.95 | 0.00 |
| CHF | 6 876 300.00 | USD | 7 092 373.41 | 15.6.2020 | 67 903.16 | 0.16 |
| EUR | 15 245 000.00 | USD | 16 532 364.03 | 15.6.2020 | 429 603.33 | 1.02 |
| USD | 103 542.39 | CHF | 100 500.00 | 15.6.2020 | -1 108.05 | 0.00 |
| USD | 30 131.56 | EUR | 27 500.00 | 24.6.2020 | -472.43 | 0.00 |
| GBP | 20 000.00 | USD | 24 620.82 | 24.6.2020 | 107.62 | 0.00 |
| GBP | 20 000.00 | USD | 24 623.96 | 22.7.2020 | 107.31 | 0.00 |
| USD | 30 149.52 | EUR | 27 500.00 | 22.7.2020 | -472.80 | 0.00 |
| CHF | 178 800.00 | USD | 184 339.78 | 15.6.2020 | 1 844.28 | 0.00 |
| EUR | 359 700.00 | USD | 395 825.39 | 15.6.2020 | 4 385.80 | 0.01 |
| USD | 22 616.69 | EUR | 20 500.00 | 22.7.2020 | -210.86 | 0.00 |
| USD | 22 603.18 | EUR | 20 500.00 | 24.6.2020 | -210.71 | 0.00 |
| USD | 25 543.27 | EUR | 23 000.00 | 24.6.2020 | -52.80 | 0.00 |
| USD | 25 558.73 | EUR | 23 000.00 | 22.7.2020 | -52.67 | 0.00 |
| Total Devisenterminkontrakte (Kauf/Verkauf) | 393 098.32 | 0.93 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 3 426 907.80 | 8.10 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -19 411.06 | -0.05 |
| Andere Aktiva und Passiva | -25 255.09 | -0.05 |
| Total des Nettovermögens | 42 282 260.89 | 100.00 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium Classic (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020