# UBS (Lux) Strategy SICAV – Xtra Balanced (EUR)
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 31.5.2020 |  | 31.5.2019 | 31.5.2018 |
| Net assets in EUR |  | 36 452 623.15 |  | 43 801 513.62 | 44 102 183.53 |
| Class P-acc | LU1161073173 |  |  |  |  |
| Shares outstanding |  | 190 304.1840 |  | 223 783.1500 | 238 413.3570 |
| Net asset value per share in EUR |  | 95.99 |  | 99.33 | 103.34 |
| Issue and redemption price per share in EUR 1 |  | 95.99 |  | 99.33 | 103.34 |
| Class P-dist | LU1161073256 |  |  |  |  |
| Shares outstanding |  | 7 550.9470 |  | 10 856.9270 | 13 138.5880 |
| Net asset value per share in EUR |  | 94.68 |  | 98.04 | 102.00 |
| Issue and redemption price per share in EUR 1 |  | 94.68 |  | 98.04 | 102.00 |
| Class Q-acc | LU1240801859 |  |  |  |  |
| Shares outstanding |  | 165 627.3420 |  | 189 661.2740 | 162 609.9010 |
| Net asset value per share in EUR |  | 105.49 |  | 108.13 | 111.46 |
| Issue and redemption price per share in EUR 1 |  | 105.49 |  | 108.13 | 111.46 |
| 1  See note 1 |  |  |  |  |  |
| Performance |  |  |  |  |  |
|  |  | Currency | 2019/2020 | 2018/2019 | 2017/2018 |
| Class P-acc |  | EUR | -3.4% | -3.9% | 1.8% |
| Class P-dist |  | EUR | -3.4% | -3.9% | 1.8% |
| Class Q-acc |  | EUR | -2.4% | -3.0% | 2.8% |
| 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.

## 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.
Over the financial year, the subfund generated a nega- tive return despite the strong 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	71.26
| Ireland | 11.71 |
| --- | --- |
| United States | 4.52 |
| Germany | 2.33 |
| France | 1.83 |
| The Netherlands | 0.62 |
| Belgium | 0.50 |
| Spain | 0.35 |
| United Kingdom | 0.30 |
| Norway | 0.29 |
| Sweden | 0.28 |
| Canada | 0.28 |
| Venezuela | 0.27 |
| Austria | 0.22 |
| Supranationals | 0.22 |
| Total | 94.98 |

Economic Breakdown as a % of net assets	
Investment funds	76.31
| Countries & central governments | 8.47 |
| --- | --- |
| Finance & holding companies | 6.66 |
| Banks & credit institutions | 2.27 |
| Supranational organisations | 0.79 |
| Traffic & transportation | 0.18 |
| Public, non-profit institutions | 0.15 |
| Cantons, federal states | 0.15 |
| Total | 94.98 |

UBS (Lux) Strategy SICAV – Xtra Balanced (EUR)
Annual report and audited financial statements as of 31 May 2020

## Statement of Net Assets
Assets	31.5.2020
EUR
Investments in securities, cost	32 825 571.63
| Investments in securities, unrealized appreciation (depreciation) | 	1 795 421.39	 |
| --- | --- |
| Total investments in securities (Note 1) | 34 620 993.02 |
| Cash at banks, deposits on demand and deposit accounts | 793 863.32 |
| Other liquid assets (Margins) | 533 575.73 |
| Receivable on securities sales (Note 1) | 194 699.43 |
| Interest receivable on securities | 25 214.66 |
| Other receivables | 39 378.80 |
| Unrealized gain (loss) on financial futures (Note 1) | -15 913.25 |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | 362 247.62 |
| Unrealized gain (loss) on swaps (Note 1) | 12 869.73 |
| Total Assets | 36 566 929.06 |
|  |  |
| Liabilities |  |
| Payable on securities purchases (Note 1) | -60 588.52 |
| Payable on redemptions | -23 250.51 |
| Provisions for flat fee (Note 2) | -21 007.03 |
| Provisions for taxe d’abonnement (Note 3) | -860.10 |
| Provisions for other commissions and fees (Note 2) | 	-8 599.75	 |
| Total provisions | -30 466.88 |
| Total Liabilities | -114 305.91 |
|  |  |
| Net assets at the end of the financial year | 36 452 623.15 |
| Statement of Operations | EUR |
| Income | 1.6.2019-31.5.2020 |
| Interest on liquid assets | 3 594.60 |
| Interest on securities | 128 038.33 |
| Interest received on swaps (Note 1) | 8 871.46 |
| Dividends | 46 057.61 |
| Income on securities lending (Note 15) | 6 048.20 |
| Other income (Note 4) | 18 356.09 |
| Total income | 210 966.29 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -876.90 |
| Cost on securities lending (Note 15) | -2 419.28 |
| Flat fee (Note 2) | -643 586.82 |
| Taxe d’abonnement (Note 3) | -6 234.25 |
| Other commissions and fees (Note 2) | -8 599.83 |
| Interest on cash and bank overdraft | -7 133.49 |
| Total expenses | -668 850.57 |
|  |  |
| Net income (loss) on investments | -457 884.28 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 2 275 576.90 |
| Realized gain (loss) on options | 24 902.92 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | -2 722.74 |
| Realized gain (loss) on financial futures | -821 746.02 |
| Realized gain (loss) on forward foreign exchange contracts | -1 146 407.84 |
| Realized gain (loss) on swaps | 35 698.98 |
| Realized gain (loss) on foreign exchange | -323 948.17 |
| Total realized gain (loss) | 41 354.03 |
|  |  |
| Net realized gain (loss) of the financial year | -416 530.25 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | -1 527 512.79 |
| Unrealized appreciation (depreciation) on options | 56 441.35 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | 381.71 |
| Unrealized appreciation (depreciation) on financial futures | 37 108.35 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | 586 616.19 |
| Unrealized appreciation (depreciation) on swaps | -8 694.38 |
| Total changes in unrealized appreciation (depreciation) | -855 659.57 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | -1 272 189.82 |

UBS (Lux) Strategy SICAV – Xtra Balanced (EUR) Annual report and audited financial statements as of 31 May 2020
| Statement of Changes in Net Assets |  |
| --- | --- |
|  |  | EUR |
|  |  | 1.6.2019-31.5.2020 |
| Net assets at the beginning of the financial year |  | 43 801 513.62 |
| Subscriptions |  | 6 931 378.00 |
| Redemptions |  | 	-13 007 432.09	 |
| Total net subscriptions (redemptions) |  | -6 076 054.09 |
| Dividend paid |  | -646.56 |
| Net income (loss) on investments |  | -457 884.28 |
| Total realized gain (loss) |  | 41 354.03 |
| Total changes in unrealized appreciation (depreciation) |  | 	-855 659.57	 |
| Net increase (decrease) in net assets as a result of operations |  | -1 272 189.82 |
| Net assets at the end of the financial year |  | 36 452 623.15 |
| Changes in the Number of Shares outstanding |  |  |
|  |  | 1.6.2019-31.5.2020 |
| Class |  | P-acc |
| Number of shares outstanding at the beginning of the financial year |  | 223 783.1500 |
| Number of shares issued |  | 15 907.5000 |
| Number of shares redeemed |  | -49 386.4660 |
| Number of shares outstanding at the end of the financial year |  | 190 304.1840 |
| Class |  | P-dist |
| Number of shares outstanding at the beginning of the financial year |  | 10 856.9270 |
| Number of shares issued |  | 245.8810 |
| Number of shares redeemed |  | -3 551.8610 |
| Number of shares outstanding at the end of the financial year |  | 7 550.9470 |
| Class |  | Q-acc |
| Number of shares outstanding at the beginning of the financial year |  | 189 661.2740 |
| Number of shares issued |  | 46 676.4770 |
| Number of shares redeemed |  | -70 710.4090 |
| Number of shares outstanding at the end of the financial year |  | 165 627.3420 |
| Annual Distribution 1 |  |  |
| UBS (Lux) Strategy SICAV – Xtra Balanced (EUR)	Ex-Date | Pay-Date | Currency	Amount per share |
| P-dist	1.8.2019 | 6.8.2019 | EUR	0.06 |
| 1  See note 5 |  |  |

UBS (Lux) Strategy SICAV – Xtra Balanced (EUR)
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 EUR | 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 |  |  |  |
| Certificates on investment funds |  |  |  |
| Ireland |  |  |  |
| USD	STAR COMPASS PLC/UBS DYNMC DIVERSIFIED LTD NOTE DUE 31.03.21 | 1 740 000.00 | 2 294 137.64 | 6.29 |
| Total Ireland |  | 2 294 137.64 | 6.29 |
| Total Certificates on investment funds |  | 2 294 137.64 | 6.29 |
| Medium term notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	BNG BANK NV-REG-S 1.12500% 14-04.09.24 | 20 000.00 | 21 130.64 | 0.06 |
| EUR	CORPORACION ANDINA DE FOMENTO-REG-S 0.50000% 17-25.01.22 | 100 000.00 | 99 840.80 | 0.27 |
| EUR	DEUTSCHE POST AG-REG-S 0.37500% 20-20.05.26 | 66 000.00 | 65 829.06 | 0.18 |
| EUR	DNB BOLIGKREDIT A-REG-S 1.87500% 12-21.11.22 | 100 000.00 | 105 226.50 | 0.29 |
| EUR	INSTITUTO DE CREDITO OFICIAL-REG-S 0.50000% 16-26.10.23 | 20 000.00 | 20 373.59 | 0.06 |
| EUR	KREDITANSTALT FUER WIEDERAUFBAU 4.62500% 07-04.01.23 | 50 000.00 | 56 644.50 | 0.16 |
| EUR	KREDITANSTALT FUER WIEDERAUFBAU 0.62500% 17-22.02.27 | 100 000.00 | 106 616.20 | 0.29 |
| EUR	LANDESBANK HESSEN-THUERINGEN GZ-REG-S 0.37500% 20-12.05.25 | 100 000.00 | 99 744.40 | 0.27 |
| EUR	NATIONWIDE BUILDING SOCIETY 4.37500% 07-28.02.22 | 100 000.00 | 107 881.20 | 0.30 |
| EUR	NESTLE HOLDINGS INC-REG-S 0.87500% 17-18.07.25 | 33 000.00 | 34 336.50 | 0.09 |
| Total EUR |  | 717 623.39 | 1.97 |
| Total Medium term notes, fixed rate |  | 717 623.39 | 1.97 |
| Medium term notes, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	DEUTSCHE BAHN FINANCE BV-REG-S 0.00000% 16-19.07.21 | 30 000.00 | 29 970.00 | 0.08 |
| EUR	EUROPEAN STABILITY MECHANISM-REG-S 0.00000% 16-18.10.22 | 50 000.00 | 50 500.50 | 0.14 |
| EUR	NESTLE FINANCE INTERNATIONAL-REG-S 0.00000% 20-12.11.24 | 27 000.00 | 26 907.39 | 0.08 |
| Total EUR |  | 107 377.89 | 0.30 |
| Total Medium term notes, zero coupon |  | 107 377.89 | 0.30 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	AUSTRIA, REPUBLIC OF-REG-S 1.20000% 15-20.10.25 | 75 000.00 | 81 571.50 | 0.22 |
| EUR	BELGIUM, KINGDOM OF 4.25000% 11-28.09.21 | 40 000.00 | 42 528.00 | 0.12 |
| EUR	BELGIUM, KINGDOM OF-144A-REG-S 0.80000% 15-22.06.25 | 30 000.00 | 31 804.50 | 0.09 |
| EUR	BELGIUM, KINGDOM OF-144A-REG-S 0.50000% 17-22.10.24 | 50 000.00 | 52 055.00 | 0.14 |
| EUR	BELGIUM, KINGDOM OF-144A-REG-S 0.90000% 19-22.06.29 | 50 000.00 | 54 458.80 | 0.15 |
| EUR	BNP PARIBAS HOME LOAN COVERED BONDS SFH 3.87500% 11-12.07.21 | 100 000.00 | 104 496.40 | 0.29 |
| EUR	CAISSE D'AMOR DE LA DETTE SOCIALE-REG-S 2.37500% 13-25.01.24 | 50 000.00 | 54 953.12 | 0.15 |
| EUR	EUROPEAN FINANCIAL STABILITY FAC-REG-S 0.12500% 17-17.10.23 | 75 000.00 | 76 449.60 | 0.21 |
| EUR	EUROPEAN FINANCIAL STABILITY FAC-REG-S 0.05000% 19-17.10.29 | 30 000.00 | 30 850.07 | 0.08 |
| EUR	EUROPEAN INVESTMENT BANK 0.05000% 20-16.01.30 | 30 000.00 | 30 977.28 | 0.08 |
| EUR	FRANCE, REPUBLIC OF-OAT 5.50000% 98-25.04.29 | 50 000.00 | 75 290.50 | 0.21 |
| EUR	FRANCE, REPUBLIC OF-OAT 2.75000% 12-25.10.27 | 40 000.00 | 48 977.04 | 0.13 |
| EUR	FRANCE, REPUBLIC OF-OAT 1.75000% 14-25.11.24 | 50 000.00 | 55 048.50 | 0.15 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 1.00000% 15-25.11.25 | 100 000.00 | 107 685.80 | 0.30 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.25000% 15-25.11.26 | 30 000.00 | 31 070.40 | 0.09 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.75000% 17-25.05.28 | 25 000.00 | 26 889.50 | 0.07 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.50000% 19-25.05.29 | 30 000.00 | 31 681.26 | 0.09 |
| EUR	GERMANY, REPUBLIC OF 1.50000% 13-15.05.23 | 50 000.00 | 53 219.70 | 0.15 |
| EUR	GERMANY, REPUBLIC OF 1.00000% 14-15.08.24 | 50 000.00 | 53 534.10 | 0.15 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.50000% 16-15.02.26 | 50 000.00 | 53 297.50 | 0.15 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.50000% 17-15.08.27 | 30 000.00 | 32 379.00 | 0.09 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.50000% 18-15.02.28 | 50 000.00 | 54 161.00 | 0.15 |
| EUR	GERMANY, REPUBLIC OF 4.75000% 98-04.07.28 | 50 000.00 | 71 655.90 | 0.20 |
| EUR	GERMANY, REPUBLIC OF 5.50000% 00-04.01.31 | 70 000.00 | 114 820.86 | 0.31 |
| EUR	NETHERLANDS, KINGDOM OF THE 3.75000% 06-15.01.23 | 80 000.00 | 89 222.08 | 0.24 |
| EUR	NETHERLANDS, KINGDOM OF THE 2.00000% 14-15.07.24 | 50 000.00 | 55 367.76 | 0.15 |
| EUR	NETHERLANDS, KINGDOM OF THE-144A-REG-S 0.50000% 16-15.07.26 | 30 000.00 | 31 805.73 | 0.09 |
| EUR	NORDRHEIN-WESTFALEN, STATE OF 4.37500% 07-29.04.22 | 50 000.00 | 54 445.00 | 0.15 |
| EUR	SPAIN, KINGDOM OF 0.05000% 17-31.01.21 | 30 000.00 | 30 091.80 | 0.08 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 1.45000% 19-30.04.29 | 70 000.00 | 76 336.26 | 0.21 |
| EUR	STADSHYPOTEK AB-REG-S 0.50000% 18-11.07.25 | 100 000.00 | 103 311.58 | 0.28 |
| Total EUR |  | 1 810 435.54 | 4.97 |
| Total Bonds, fixed rate |  | 1 810 435.54 | 4.97 |
| Bonds, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 17-25.03.23 | 50 000.00 | 50 758.80 | 0.14 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 18-25.03.24 | 30 000.00 | 30 589.80 | 0.08 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 19-25.03.25 | 50 000.00 | 51 064.80 | 0.14 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 16-15.08.26 | 30 000.00 | 31 174.14 | 0.09 |
| EUR	TORONTO DOMINION BANK-REG-S 0.00000% 19-09.02.24 | 100 000.00 | 100 325.40 | 0.27 |
| Total EUR |  | 263 912.94 | 0.72 |
| Total Bonds, zero coupon |  | 263 912.94 | 0.72 |

UBS (Lux) Strategy SICAV – Xtra Balanced (EUR) Annual report and audited financial statements as of 31 May 2020
| Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 35 000.00 | 46 919.59 | 0.13 |
| USD	AMERICA, UNITED STATES OF 4.37500% 08-15.02.38 | 90 000.00 | 125 887.41 | 0.34 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 150 000.00 | 151 616.29 | 0.41 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.11.27 | 120 000.00 | 121 621.72 | 0.33 |
| USD	AMERICA, UNITED STATES OF 2.75000% 14-15.02.24 | 10 000.00 | 9 824.37 | 0.03 |
| USD	AMERICA, UNITED STATES OF 1.75000% 13-15.05.23 | 270 000.00 | 253 841.80 | 0.70 |
| USD	AMERICA, UNITED STATES OF 2.12500% 15-15.05.25 | 155 000.00 | 151 673.34 | 0.42 |
| Total USD |  | 861 384.52 | 2.36 |
| Total Treasury notes, fixed rate |  | 861 384.52 | 2.36 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 35 000.00 | 68 407.38 | 0.19 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 50 000.00 | 69 671.44 | 0.19 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 65 000.00 | 67 441.51 | 0.19 |
| USD	AMERICA, UNITED STATES OF 1.125%/CPI LINKED 11-15.01.21 | 65 000.00 | 68 933.20 | 0.19 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 85 000.00 | 86 382.84 | 0.24 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 65 000.00 | 66 518.08 | 0.18 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 65 000.00 | 66 632.21 | 0.18 |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 70 000.00 | 71 556.06 | 0.20 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 20-15.01.30 | 70 000.00 | 66 879.08 | 0.18 |
| Total USD |  | 632 421.80 | 1.74 |
| Total Treasury notes, floating rate |  | 632 421.80 | 1.74 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 6 687 293.72 | 18.35 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 75 000.00 | 76 472.07 | 0.21 |
| Total USD |  | 76 472.07 | 0.21 |
| Total Treasury notes, floating rate | 76 472.07 | 0.21 |
| Total Transferable securities and money market instruments traded on another regulated market | 76 472.07 | 0.21 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |  |
| Investment funds, open end |  |  |
| Ireland |  |  |
| EUR	MAN FUNDS VI PLC-MAN AHL TARGETRISK-ACCUM SHS-INU H-HEDGED	4 626.00 | 437 342.04 | 1.20 |
| USD	SOURCE MARKETS PLC - MSCI USA SOURCE ETF-A	8 901.00 | 656 922.37 | 1.80 |
| USD	UBS (IRL) INVESTOR SELECTION PLC - GLOB EMER MKT OPP-I-B USD	1 167.00 | 224 715.61 | 0.62 |
| USD	UBS ETFS PLC - MSCI USA TRN INDEX SF (USD) A-ACC	8 862.00 | 656 951.97 | 1.80 |
| Total Ireland | 1 975 931.99 | 5.42 |
| Luxembourg |  |  |
| EUR | ALMA PLATINUM IV UBS MULTI-STRATEGY ALTERNATIVES-I0C-E-CAP | 165.35 | 1 618 085.20 | 4.44 |
| EUR | AQR UCITS FUNDS-GLOBAL RISK UCITS FUND-B2-CAPITALISATION | 4 279.00 | 445 957.38 | 1.22 |
| EUR | INVESCO FUNDS SICAV-BALANCED RISK ALLOCATION FD-PI1-EUR-CAP | 46 569.00 | 477 332.25 | 1.31 |
| EUR | UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 5 784.00 | 723 000.00 | 1.98 |
| EUR | UBS (LUX) BOND SICAV - EUR CORPORATES (EUR) U-X-ACC | 90.00 | 1 083 420.00 | 2.97 |
| USD | UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC | 84.00 | 1 443 285.91 | 3.96 |
| USD | UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS | 7 908.00 | 749 388.48 | 2.06 |
| USD | UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC | 236.00 | 2 486 570.34 | 6.82 |
| USD | UBS (LUX) EMERGING ECONOMIES FUND-GLOBAL BONDS (USD)-U-X ACC | 116.00 | 1 346 174.60 | 3.69 |
| EUR | UBS (LUX) EQUITY FUND - EURO COUNTRIES OPPORT U-X-ACC | 239.00 | 5 135 256.77 | 14.09 |
| USD | UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC | 225.00 | 2 084 697.26 | 5.72 |
| USD | UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC | 55.00 | 1 310 086.30 | 3.60 |
| USD | UBS (LUX) EQUITY SICAV-GLOBAL QUANTITATIVE (USD) U-X-ACC | 205.00 | 2 541 270.19 | 6.97 |
| USD | UBS (LUX) EQUITY SICAV - GLOBAL OPPORTUNITY (USD) U-X-ACC | 123.00 | 1 019 975.03 | 2.80 |
| USD | UBS (LUX) INST FUND-KEY SEL. GLOBAL EQUITY FA-USD | 120.00 | 2 567 272.89 | 7.04 |
| USD | UBS (LUX) INSTITUTION SICAV-EQUITIES GLB (EX USA) PASSIVE XA | 9 933.00 | 808 141.77 | 2.22 |
| Total Luxembourg |  | 25 839 914.37 | 70.89 |
| Total Investment funds, open end |  | 27 815 846.36 | 76.31 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  | 27 815 846.36 | 76.31 |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Options on indices, classic-styled |  |  |  |
| USD |  |  |  |
| USD	S&P 500 INDEX CALL 2600.00000 18.09.20 | 1.00 | 43 394.62 | 0.12 |
| USD	S&P 500 INDEX PUT 2225.00000 18.09.20 | -1.00 | -2 013.75 | -0.01 |
| Total USD |  | 41 380.87 | 0.11 |
| Total Options on indices, classic-styled |  | 41 380.87 | 0.11 |
| Total Derivative instruments listed on an official stock exchange |  | 41 380.87 | 0.11 |
| Total investments in securities |  | 34 620 993.02 | 94.98 |
| UBS (Lux) Strategy SICAV – Xtra Balanced (EUR) |  |  |  |
| Annual report and audited financial statements as of 31 May 2020 |  |  |  |

| Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Derivative instruments |  |  |  |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Financial Futures on bonds |  |  |  |
|  |  |  |  |
| USD	US 5YR TREASURY NOTE FUTURE 30.09.20 | -3.00 | -505.69 | 0.00 |
| Total Financial Futures on bonds |  | -505.69 | 0.00 |
| Financial Futures on Indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.06.20 | -18.00 | -48 138.17 | -0.13 |
| CHF	SWISS MARKET INDEX FUTURE 19.06.20 | 4.00 | 86 156.67 | 0.24 |
| GBP	FTSE 100 INDEX FUTURE 19.06.20 | 29.00 | 238 662.59 | 0.64 |
| USD	S&P500 EMINI FUTURE 19.06.20 | -10.00 | -298 445.30 | -0.82 |
| AUD	SPI 200 INDEX FUTURES 18.06.20 | -3.00 | -45 442.86 | -0.12 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 11.06.20 | 3.00 | 91 038.79 | 0.25 |
| CAD	S&P/TSX 60 INDEX FUTURE 18.06.20 | -3.00 | -39 239.28 | -0.11 |
| Total Financial Futures on Indices | -15 407.56 | -0.05 |
| Total Derivative instruments listed on an official stock exchange | -15 913.25 | -0.05 |
| Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  |  |
| Credit default swaps* |  |  |
|  |  |  |
| USD	ICE/CDX.NA.IG.34 CDI REC 1.00000% 20-20.06.25	1 100 000.00 | 12 869.73 | 0.04 |
| Total Credit default swaps | 12 869.73 | 0.04 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market | 12 869.73 | 0.04 |
| Total Derivative instruments | -3 043.52 | -0.01 |
| Forward Foreign Exchange contracts |  |  |
| Forward Foreign Exchange contracts (Purchase/Sale) |  |  |

| EUR | 25 271.58 | USD | 27 500.00 | 24.6.2020 | 560.75 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 1 304.38 | CAD | 2 000.00 | 24.6.2020 | 4.15 | 0.00 |
| CHF | 25 000.00 | EUR | 23 779.67 | 24.6.2020 | -380.40 | 0.00 |
| EUR | 7 090.08 | SGD | 11 000.00 | 24.6.2020 | 96.36 | 0.00 |
| EUR | 129 009.52 | HKD | 1 088 500.00 | 24.6.2020 | 2 881.25 | 0.01 |
| EUR | 145 764.43 | CAD | 224 277.52 | 24.6.2020 | -41.81 | 0.00 |
| NZD | 500.00 | EUR | 275.41 | 24.6.2020 | 2.78 | 0.00 |
| EUR | 134 123.28 | AUD | 230 059.25 | 24.6.2020 | -3 103.68 | -0.01 |
| JPY | 25 667 249.00 | EUR | 219 412.33 | 24.6.2020 | -5 261.46 | -0.01 |
| EUR | 149 632.71 | CHF | 157 435.91 | 24.6.2020 | 2 277.30 | 0.01 |
| EUR | 57 654.16 | DKK | 430 000.00 | 24.6.2020 | -36.34 | 0.00 |
| EUR | 40 506.70 | SEK | 442 812.01 | 24.6.2020 | -1 749.70 | 0.00 |
| EUR | 44 588.79 | NOK | 515 312.82 | 24.6.2020 | -3 058.08 | -0.01 |
| GBP | 752 100.43 | EUR | 854 478.97 | 24.6.2020 | -18 881.37 | -0.05 |
| EUR | 8 328 024.27 | USD | 9 059 641.20 | 24.6.2020 | 187 252.34 | 0.51 |
| EUR | 70 951.14 | USD | 77 000.00 | 24.6.2020 | 1 760.82 | 0.00 |
| EUR | 21 876.45 | CHF | 23 000.00 | 24.6.2020 | 349.12 | 0.00 |
| GBP | 19 000.00 | EUR | 21 583.13 | 24.6.2020 | -473.78 | 0.00 |
| EUR | 1 072.95 | JPY | 125 000.00 | 24.6.2020 | 30.03 | 0.00 |
| EUR | 2 308.77 | USD | 2 500.00 | 24.6.2020 | 62.33 | 0.00 |
| GBP | 19 000.00 | EUR | 21 710.04 | 24.6.2020 | -600.69 | 0.00 |
| USD | 32 000.00 | EUR | 29 569.94 | 24.6.2020 | -815.52 | 0.00 |
| EUR | 18 893.70 | GBP | 16 500.00 | 24.6.2020 | 561.89 | 0.00 |
| USD | 15 000.00 | EUR | 13 801.23 | 24.6.2020 | -322.60 | 0.00 |
| EUR | 2 861.87 | GBP | 2 500.00 | 24.6.2020 | 84.32 | 0.00 |
| USD | 70 000.00 | EUR | 64 516.72 | 24.6.2020 | -1 616.43 | 0.00 |
| EUR | 6 572.13 | CAD | 10 000.00 | 24.6.2020 | 70.98 | 0.00 |
| GBP | 11 000.00 | EUR | 12 649.44 | 24.6.2020 | -428.23 | 0.00 |
| EUR | 12 246.99 | CAD | 18 500.00 | 24.6.2020 | 219.86 | 0.00 |
| EUR | 2 846.69 | CHF | 3 000.00 | 24.6.2020 | 38.78 | 0.00 |
| USD | 32 000.00 | EUR | 29 579.34 | 24.6.2020 | -824.92 | 0.00 |
| USD | 54 000.00 | EUR | 49 649.69 | 24.6.2020 | -1 126.61 | 0.00 |
| GBP | 5 000.00 | EUR | 5 719.34 | 24.6.2020 | -164.25 | 0.00 |
| CAD | 7 000.00 | EUR | 4 617.81 | 24.6.2020 | -67.00 | 0.00 |
| JPY | 2 224 220.00 | EUR | 19 116.88 | 22.7.2020 | -562.39 | 0.00 |
| JPY | 2 226 000.00 | EUR | 19 134.40 | 24.6.2020 | -562.10 | 0.00 |
| GBP | 841 099.49 | EUR | 958 479.71 | 22.7.2020 | -24 455.55 | -0.07 |
| EUR | 45 753.71 | AUD | 76 362.76 | 22.7.2020 | 232.48 | 0.00 |
| EUR | 57 656.94 | DKK | 430 000.00 | 22.7.2020 | -34.73 | 0.00 |
| EUR | 40 422.76 | SEK | 430 473.37 | 22.7.2020 | -642.08 | 0.00 |
| EUR | 129 497.51 | HKD | 1 088 500.00 | 22.7.2020 | 3 536.47 | 0.01 |
| EUR | 36 487.15 | SGD | 56 000.00 | 22.7.2020 | 900.42 | 0.00 |
| EUR | 141 549.95 | CHF | 148 776.64 | 22.7.2020 | 2 267.73 | 0.01 |
| EUR | 123 645.47 | CAD | 187 687.77 | 22.7.2020 | 1 699.25 | 0.00 |
| JPY | 25 285 651.00 | EUR | 217 299.94 | 22.7.2020 | -6 366.52 | -0.02 |
| EUR | 46 887.26 | NOK | 521 894.77 | 22.7.2020 | -1 348.73 | 0.00 |
| EUR | 8 275 146.86 | USD | 8 966 080.25 | 22.7.2020 | 223 272.46 | 0.61 |
| USD | 75 000.00 | EUR | 69 453.45 | 24.6.2020 | -2 060.28 | -0.01 |
| USD | 75 000.00 | EUR | 69 411.02 | 22.7.2020 | -2 058.22 | -0.01 |
| EUR | 2 541.63 | JPY | 295 000.00 | 24.6.2020 | 80.34 | 0.00 |
| EUR | 2 541.35 | JPY | 295 000.00 | 22.7.2020 | 80.45 | 0.00 |
| EUR | 5 605.59 | GBP | 5 000.00 | 24.6.2020 | 50.50 | 0.00 |
| EUR | 5 603.01 | GBP | 5 000.00 | 22.7.2020 | 50.61 | 0.00 |
| EUR | 63 942.81 | USD | 69 500.00 | 22.7.2020 | 1 529.22 | 0.00 |

* Positive nominal: the subfund is “Receiver”, negative nominal: the subfund is “Payer”.
UBS (Lux) Strategy SICAV – Xtra Balanced (EUR) Annual report and audited financial statements as of 31 May 2020
| Description	Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |

Forward Foreign Exchange contracts (Continued)
Forward Foreign Exchange contracts (Purchase/Sale)
| EUR | 63 982.04 | USD | 69 500.00 | 24.6.2020 | 1 531.04 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| GBP | 25 000.00 | EUR | 27 982.13 | 24.6.2020 | -206.66 | 0.00 |
| GBP | 25 000.00 | EUR | 27 969.28 | 22.7.2020 | -207.28 | 0.00 |
| EUR | 22 857.41 | USD | 25 000.00 | 24.6.2020 | 393.02 | 0.00 |
| EUR | 22 843.49 | USD | 25 000.00 | 22.7.2020 | 392.56 | 0.00 |
| GBP | 327 000.00 | EUR | 365 359.29 | 24.6.2020 | -2 056.19 | -0.01 |
| GBP | 327 000.00 | EUR | 365 192.00 | 22.7.2020 | -2 065.04 | -0.01 |
| CAD | 44 000.00 | EUR | 28 751.56 | 24.6.2020 | -146.49 | 0.00 |
| CAD | 44 000.00 | EUR | 28 735.56 | 22.7.2020 | -147.48 | 0.00 |
| EUR | 26 528.57 | SEK | 280 000.00 | 22.7.2020 | -181.92 | 0.00 |
| EUR | 24 135.68 | DKK | 180 000.00 | 24.6.2020 | -13.83 | 0.00 |
| EUR | 24 136.00 | DKK | 180 000.00 | 22.7.2020 | -14.00 | 0.00 |
| EUR | 26 537.34 | SEK | 280 000.00 | 24.6.2020 | -182.34 | 0.00 |
| JPY | 2 700 000.00 | EUR | 23 025.09 | 22.7.2020 | -501.63 | 0.00 |
| JPY | 2 700 000.00 | EUR | 23 027.84 | 24.6.2020 | -500.79 | 0.00 |
| EUR | 296 420.91 | USD | 323 500.00 | 22.7.2020 | 5 905.85 | 0.02 |
| EUR | 296 600.06 | USD | 323 500.00 | 24.6.2020 | 5 910.87 | 0.02 |
| EUR | 47 718.82 | GBP | 42 500.00 | 24.6.2020 | 500.53 | 0.00 |
| EUR | 47 696.38 | GBP | 42 500.00 | 22.7.2020 | 500.98 | 0.00 |
| USD | 229 000.00 | EUR | 205 518.85 | 24.6.2020 | 254.95 | 0.00 |
| USD | 227 136.35 | EUR | 203 721.97 | 22.7.2020 | 254.94 | 0.00 |
| EUR | 51 595.23 | USD | 57 500.00 | 22.7.2020 | -41.91 | 0.00 |
| EUR | 51 627.01 | USD | 57 500.00 | 24.6.2020 | -41.08 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | 362 247.62 | 0.99 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 1 327 439.05 | 3.64 |
| Other assets and liabilities | 144 986.98 | 0.40 |
| Total net assets | 36 452 623.15 | 100.00 |

UBS (Lux) Strategy SICAV – Xtra Balanced (EUR)
Annual report and audited financial statements as of 31 May 2020

Translation (ENDE, 2020-05-31):
# UBS (Lux) Strategy SICAV – Xtra Balanced (EUR)
| Dreijahresvergleich |  |
| --- | --- |
|  | ISIN | 31.5.2020 |  | 31.5.2019 | 31.5.2018 |
| Nettovermögen in EUR |  | 36 452 623.15 |  | 43 801 513.62 | 44 102 183.53 |
| Klasse P-acc | LU1161073173 |  |  |  |  |
| Aktien im Umlauf |  | 190 304.1840 |  | 223 783.1500 | 238 413.3570 |
| Nettoinventarwert pro Aktie in EUR |  | 95.99 |  | 99.33 | 103.34 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 95.99 |  | 99.33 | 103.34 |
| Klasse P-dist | LU1161073256 |  |  |  |  |
| Aktien im Umlauf |  | 7 550.9470 |  | 10 856.9270 | 13 138.5880 |
| Nettoinventarwert pro Aktie in EUR |  | 94.68 |  | 98.04 | 102.00 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 94.68 |  | 98.04 | 102.00 |
| Klasse Q-acc | LU1240801859 |  |  |  |  |
| Aktien im Umlauf |  | 165 627.3420 |  | 189 661.2740 | 162 609.9010 |
| Nettoinventarwert pro Aktie in EUR |  | 105.49 |  | 108.13 | 111.46 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 105.49 |  | 108.13 | 111.46 |
| 1  Siehe Erläuterung 1 |  |  |  |  |  |
| Performance |  |  |  |  |  |
|  |  | Währung | 2019/2020 | 2018/2019 | 2017/2018 |
| Klasse P-acc |  | EUR | -3.4% | -3.9% | 1.8% |
| Klasse P-dist |  | EUR | -3.4% | -3.9% | 1.8% |
| Klasse Q-acc |  | EUR | -2.4% | -3.0% | 2.8% |
| 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.

## 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.
Der Subfonds verzeichnete im Rechnungsjahr einen negativen Ertrag, auch wenn er sich ab April 2020 kräf- tig erholte.
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	71.26
| Irland | 11.71 |
| --- | --- |
| Vereinigte Staaten | 4.52 |
| Deutschland | 2.33 |
| Frankreich | 1.83 |
| Niederlande | 0.62 |
| Belgien | 0.50 |
| Spanien | 0.35 |
| Grossbritannien | 0.30 |
| Norwegen | 0.29 |
| Schweden | 0.28 |
| Kanada | 0.28 |
| Venezuela | 0.27 |
| Österreich | 0.22 |
| Supranational | 0.22 |
| Total | 94.98 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
Anlagefonds	76.31
| Länder- & Zentralregierungen | 8.47 |
| --- | --- |
| Finanz- & Beteiligungsgesellschaften | 6.66 |
| Banken & Kreditinstitute | 2.27 |
| Supranationale Organisationen | 0.79 |
| Verkehr & Transport | 0.18 |
| Öffentlich-rechtliche Körperschaften | 0.15 |
| Kantone, Bundesstaaten | 0.15 |
| Total | 94.98 |

UBS (Lux) Strategy SICAV – Xtra Balanced (EUR) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020

## Nettovermögensaufstellung
Aktiva	31.5.2020
EUR
Wertpapierbestand, Einstandswert	32 825 571.63
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	1 795 421.39	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 34 620 993.02 |
| Bankguthaben, Sicht- und Fristgelder | 793 863.32 |
| Andere liquide Mittel (Margins) | 533 575.73 |
| Forderungen aus Wertpapierverkäufen (Erläuterung 1) | 194 699.43 |
| Zinsforderungen aus Wertpapieren | 25 214.66 |
| Sonstige Forderungen | 39 378.80 |
| Nicht realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten (Erläuterung 1) | -15 913.25 |
| Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1) | 362 247.62 |
| Nicht realisierter Kursgewinn (-verlust) aus Swaps (Erläuterung 1) | 12 869.73 |
| Total Aktiva | 36 566 929.06 |
|  |  |
| Passiva |  |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -60 588.52 |
| Verbindlichkeiten aus Rücknahmen | -23 250.51 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -21 007.03 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -860.10 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-8 599.75	 |
| Total Rückstellungen für Aufwendungen | -30 466.88 |
| Total Passiva | -114 305.91 |
|  |  |
| Nettovermögen am Ende des Geschäftsjahres | 36 452 623.15 |
| Ertrags- und Aufwandsrechnung | EUR |
| Erträge | 1.6.2019-31.5.2020 |
| Zinsertrag auf liquide Mittel | 3 594.60 |
| Zinsen auf Wertpapiere | 128 038.33 |
| Zinsertrag auf Swaps (Erläuterung 1) | 8 871.46 |
| Dividenden | 46 057.61 |
| Erträge aus Securities Lending (Erläuterung 15) | 6 048.20 |
| Sonstige Erträge (Erläuterung 4) | 18 356.09 |
| Total Erträge | 210 966.29 |
|  |  |
| Aufwendungen |  |
| Zinsaufwand auf Swaps (Erläuterung 1) | -876.90 |
| Kosten aus Securities Lending (Erläuterung 15) | -2 419.28 |
| Pauschale Verwaltungskommission (Erläuterung 2) | -643 586.82 |
| Abonnementsabgabe (Erläuterung 3) | -6 234.25 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -8 599.83 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -7 133.49 |
| Total Aufwendungen | -668 850.57 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | -457 884.28 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 2 275 576.90 |
| Realisierter Kursgewinn (-verlust) aus Optionen | 24 902.92 |
| Realisierter Kursgewinn (-verlust) aus renditebewerteten Wertpapieren und Geldmarktinstrumenten | -2 722.74 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | -821 746.02 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | -1 146 407.84 |
| Realisierter Kursgewinn (-verlust) aus Swaps | 35 698.98 |
| Realisierter Währungsgewinn (-verlust) | -323 948.17 |
| Total der realisierten Gewinne (Verluste) | 41 354.03 |
|  |  |
| Realisierter Nettogewinn (-verlust) des Geschäftsjahres | -416 530.25 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | -1 527 512.79 |
| Nicht realisierte Werterhöhung (-minderung) von Optionen | 56 441.35 |
| Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente | 381.71 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | 37 108.35 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | 586 616.19 |
| Nicht realisierte Werterhöhung (-minderung) von Swaps | -8 694.38 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | -855 659.57 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | -1 272 189.82 |

UBS (Lux) Strategy SICAV – Xtra Balanced (EUR)
Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  |  | EUR |
|  |  | 1.6.2019-31.5.2020 |
| Nettovermögen zu Beginn des Geschäftsjahres |  | 43 801 513.62 |
| Zeichnungen |  | 6 931 378.00 |
| Rücknahmen |  | 	-13 007 432.09	 |
| Total Mittelzufluss (-abfluss) |  | -6 076 054.09 |
| Ausbezahlte Dividende |  | -646.56 |
| Nettoerträge (-verluste) aus Anlagen |  | -457 884.28 |
| Total der realisierten Gewinne (Verluste) |  | 41 354.03 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) |  | 	-855 659.57	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit |  | -1 272 189.82 |
| Nettovermögen am Ende des Geschäftsjahres |  | 36 452 623.15 |
| Entwicklung der Aktien im Umlauf |  |  |
|  |  | 1.6.2019-31.5.2020 |
| Klasse |  | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  | 223 783.1500 |
| Anzahl der ausgegebenen Aktien |  | 15 907.5000 |
| Anzahl der zurückgegebenen Aktien |  | -49 386.4660 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  | 190 304.1840 |
| Klasse |  | P-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  | 10 856.9270 |
| Anzahl der ausgegebenen Aktien |  | 245.8810 |
| Anzahl der zurückgegebenen Aktien |  | -3 551.8610 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  | 7 550.9470 |
| Klasse |  | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  | 189 661.2740 |
| Anzahl der ausgegebenen Aktien |  | 46 676.4770 |
| Anzahl der zurückgegebenen Aktien |  | -70 710.4090 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  | 165 627.3420 |
| Jährliche Ausschüttung 1 |  |  |
| UBS (Lux) Strategy SICAV – Xtra Balanced (EUR)	Ex-Date | Pay-Date | Währung	Betrag pro Aktie |
| P-dist	1.8.2019 | 6.8.2019 | EUR	0.06 |
| 1  Siehe Erläuterung 5 |  |  |

UBS (Lux) Strategy SICAV – Xtra Balanced (EUR) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 31. Mai 2020
| Bezeichnung | Anzahl/ | Bewertung in EUR | 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 |  |  |  |
| Zertifikate auf Anlagefonds |  |  |  |
| Irland |  |  |  |
| USD	STAR COMPASS PLC/UBS DYNMC DIVERSIFIED LTD NOTE DUE 31.03.21 | 1 740 000.00 | 2 294 137.64 | 6.29 |
| Total Irland |  | 2 294 137.64 | 6.29 |
| Total Zertifikate auf Anlagefonds |  | 2 294 137.64 | 6.29 |
| Medium-Term Notes, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	BNG BANK NV-REG-S 1.12500% 14-04.09.24 | 20 000.00 | 21 130.64 | 0.06 |
| EUR	CORPORACION ANDINA DE FOMENTO-REG-S 0.50000% 17-25.01.22 | 100 000.00 | 99 840.80 | 0.27 |
| EUR	DEUTSCHE POST AG-REG-S 0.37500% 20-20.05.26 | 66 000.00 | 65 829.06 | 0.18 |
| EUR	DNB BOLIGKREDIT A-REG-S 1.87500% 12-21.11.22 | 100 000.00 | 105 226.50 | 0.29 |
| EUR	INSTITUTO DE CREDITO OFICIAL-REG-S 0.50000% 16-26.10.23 | 20 000.00 | 20 373.59 | 0.06 |
| EUR	KREDITANSTALT FUER WIEDERAUFBAU 4.62500% 07-04.01.23 | 50 000.00 | 56 644.50 | 0.16 |
| EUR	KREDITANSTALT FUER WIEDERAUFBAU 0.62500% 17-22.02.27 | 100 000.00 | 106 616.20 | 0.29 |
| EUR	LANDESBANK HESSEN-THUERINGEN GZ-REG-S 0.37500% 20-12.05.25 | 100 000.00 | 99 744.40 | 0.27 |
| EUR	NATIONWIDE BUILDING SOCIETY 4.37500% 07-28.02.22 | 100 000.00 | 107 881.20 | 0.30 |
| EUR	NESTLE HOLDINGS INC-REG-S 0.87500% 17-18.07.25 | 33 000.00 | 34 336.50 | 0.09 |
| Total EUR |  | 717 623.39 | 1.97 |
| Total Medium-Term Notes, fester Zins |  | 717 623.39 | 1.97 |
| Medium-Term Notes, Nullcoupon |  |  |  |
| EUR |  |  |  |
| EUR	DEUTSCHE BAHN FINANCE BV-REG-S 0.00000% 16-19.07.21 | 30 000.00 | 29 970.00 | 0.08 |
| EUR	EUROPEAN STABILITY MECHANISM-REG-S 0.00000% 16-18.10.22 | 50 000.00 | 50 500.50 | 0.14 |
| EUR	NESTLE FINANCE INTERNATIONAL-REG-S 0.00000% 20-12.11.24 | 27 000.00 | 26 907.39 | 0.08 |
| Total EUR |  | 107 377.89 | 0.30 |
| Total Medium-Term Notes, Nullcoupon |  | 107 377.89 | 0.30 |
| Anleihen, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	AUSTRIA, REPUBLIC OF-REG-S 1.20000% 15-20.10.25 | 75 000.00 | 81 571.50 | 0.22 |
| EUR	BELGIUM, KINGDOM OF 4.25000% 11-28.09.21 | 40 000.00 | 42 528.00 | 0.12 |
| EUR	BELGIUM, KINGDOM OF-144A-REG-S 0.80000% 15-22.06.25 | 30 000.00 | 31 804.50 | 0.09 |
| EUR	BELGIUM, KINGDOM OF-144A-REG-S 0.50000% 17-22.10.24 | 50 000.00 | 52 055.00 | 0.14 |
| EUR	BELGIUM, KINGDOM OF-144A-REG-S 0.90000% 19-22.06.29 | 50 000.00 | 54 458.80 | 0.15 |
| EUR	BNP PARIBAS HOME LOAN COVERED BONDS SFH 3.87500% 11-12.07.21 | 100 000.00 | 104 496.40 | 0.29 |
| EUR	CAISSE D'AMOR DE LA DETTE SOCIALE-REG-S 2.37500% 13-25.01.24 | 50 000.00 | 54 953.12 | 0.15 |
| EUR	EUROPEAN FINANCIAL STABILITY FAC-REG-S 0.12500% 17-17.10.23 | 75 000.00 | 76 449.60 | 0.21 |
| EUR	EUROPEAN FINANCIAL STABILITY FAC-REG-S 0.05000% 19-17.10.29 | 30 000.00 | 30 850.07 | 0.08 |
| EUR	EUROPEAN INVESTMENT BANK 0.05000% 20-16.01.30 | 30 000.00 | 30 977.28 | 0.08 |
| EUR	FRANCE, REPUBLIC OF-OAT 5.50000% 98-25.04.29 | 50 000.00 | 75 290.50 | 0.21 |
| EUR	FRANCE, REPUBLIC OF-OAT 2.75000% 12-25.10.27 | 40 000.00 | 48 977.04 | 0.13 |
| EUR	FRANCE, REPUBLIC OF-OAT 1.75000% 14-25.11.24 | 50 000.00 | 55 048.50 | 0.15 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 1.00000% 15-25.11.25 | 100 000.00 | 107 685.80 | 0.30 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.25000% 15-25.11.26 | 30 000.00 | 31 070.40 | 0.09 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.75000% 17-25.05.28 | 25 000.00 | 26 889.50 | 0.07 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.50000% 19-25.05.29 | 30 000.00 | 31 681.26 | 0.09 |
| EUR	GERMANY, REPUBLIC OF 1.50000% 13-15.05.23 | 50 000.00 | 53 219.70 | 0.15 |
| EUR	GERMANY, REPUBLIC OF 1.00000% 14-15.08.24 | 50 000.00 | 53 534.10 | 0.15 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.50000% 16-15.02.26 | 50 000.00 | 53 297.50 | 0.15 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.50000% 17-15.08.27 | 30 000.00 | 32 379.00 | 0.09 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.50000% 18-15.02.28 | 50 000.00 | 54 161.00 | 0.15 |
| EUR	GERMANY, REPUBLIC OF 4.75000% 98-04.07.28 | 50 000.00 | 71 655.90 | 0.20 |
| EUR	GERMANY, REPUBLIC OF 5.50000% 00-04.01.31 | 70 000.00 | 114 820.86 | 0.31 |
| EUR	NETHERLANDS, KINGDOM OF THE 3.75000% 06-15.01.23 | 80 000.00 | 89 222.08 | 0.24 |
| EUR	NETHERLANDS, KINGDOM OF THE 2.00000% 14-15.07.24 | 50 000.00 | 55 367.76 | 0.15 |
| EUR	NETHERLANDS, KINGDOM OF THE-144A-REG-S 0.50000% 16-15.07.26 | 30 000.00 | 31 805.73 | 0.09 |
| EUR	NORDRHEIN-WESTFALEN, STATE OF 4.37500% 07-29.04.22 | 50 000.00 | 54 445.00 | 0.15 |
| EUR	SPAIN, KINGDOM OF 0.05000% 17-31.01.21 | 30 000.00 | 30 091.80 | 0.08 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 1.45000% 19-30.04.29 | 70 000.00 | 76 336.26 | 0.21 |
| EUR	STADSHYPOTEK AB-REG-S 0.50000% 18-11.07.25 | 100 000.00 | 103 311.58 | 0.28 |
| Total EUR |  | 1 810 435.54 | 4.97 |
| Total Anleihen, fester Zins |  | 1 810 435.54 | 4.97 |
| Anleihen, Nullcoupon |  |  |  |
| EUR |  |  |  |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 17-25.03.23 | 50 000.00 | 50 758.80 | 0.14 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 18-25.03.24 | 30 000.00 | 30 589.80 | 0.08 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 19-25.03.25 | 50 000.00 | 51 064.80 | 0.14 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 16-15.08.26 | 30 000.00 | 31 174.14 | 0.09 |
| EUR	TORONTO DOMINION BANK-REG-S 0.00000% 19-09.02.24 | 100 000.00 | 100 325.40 | 0.27 |
| Total EUR |  | 263 912.94 | 0.72 |
| Total Anleihen, Nullcoupon |  | 263 912.94 | 0.72 |

UBS (Lux) Strategy SICAV – Xtra Balanced (EUR)
Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
| Bezeichnung | Anzahl/ | Bewertung in EUR | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 35 000.00 | 46 919.59 | 0.13 |
| USD	AMERICA, UNITED STATES OF 4.37500% 08-15.02.38 | 90 000.00 | 125 887.41 | 0.34 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 150 000.00 | 151 616.29 | 0.41 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.11.27 | 120 000.00 | 121 621.72 | 0.33 |
| USD	AMERICA, UNITED STATES OF 2.75000% 14-15.02.24 | 10 000.00 | 9 824.37 | 0.03 |
| USD	AMERICA, UNITED STATES OF 1.75000% 13-15.05.23 | 270 000.00 | 253 841.80 | 0.70 |
| USD	AMERICA, UNITED STATES OF 2.12500% 15-15.05.25 | 155 000.00 | 151 673.34 | 0.42 |
| Total USD |  | 861 384.52 | 2.36 |
| Total Treasury-Notes, fester Zins |  | 861 384.52 | 2.36 |
| Treasury-Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 35 000.00 | 68 407.38 | 0.19 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 50 000.00 | 69 671.44 | 0.19 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 65 000.00 | 67 441.51 | 0.19 |
| USD	AMERICA, UNITED STATES OF 1.125%/CPI LINKED 11-15.01.21 | 65 000.00 | 68 933.20 | 0.19 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 85 000.00 | 86 382.84 | 0.24 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 65 000.00 | 66 518.08 | 0.18 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 65 000.00 | 66 632.21 | 0.18 |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 70 000.00 | 71 556.06 | 0.20 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 20-15.01.30 | 70 000.00 | 66 879.08 | 0.18 |
| Total USD |  | 632 421.80 | 1.74 |
| Total Treasury-Notes, variabler Zins | 632 421.80 | 1.74 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 6 687 293.72 | 18.35 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Treasury-Notes, variabler Zins |  |  |
| USD |  |  |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22	75 000.00 | 76 472.07 | 0.21 |
| Total USD | 76 472.07 | 0.21 |
| Total Treasury-Notes, variabler Zins | 76 472.07 | 0.21 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden | 76 472.07 | 0.21 |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
| Irland |  |
| --- | --- |
| EUR | MAN FUNDS VI PLC-MAN AHL TARGETRISK-ACCUM SHS-INU H-HEDGED | 4 626.00 | 437 342.04 | 1.20 |
| USD | SOURCE MARKETS PLC - MSCI USA SOURCE ETF-A | 8 901.00 | 656 922.37 | 1.80 |
| USD | UBS (IRL) INVESTOR SELECTION PLC - GLOB EMER MKT OPP-I-B USD | 1 167.00 | 224 715.61 | 0.62 |
| USD | UBS ETFS PLC - MSCI USA TRN INDEX SF (USD) A-ACC | 8 862.00 | 656 951.97 | 1.80 |
| Total Irland | 1 975 931.99 | 5.42 |
| Luxemburg |  |  |
| EUR	ALMA PLATINUM IV UBS MULTI-STRATEGY ALTERNATIVES-I0C-E-CAP	165.35 | 1 618 085.20 | 4.44 |
| EUR	AQR UCITS FUNDS-GLOBAL RISK UCITS FUND-B2-CAPITALISATION	4 279.00 | 445 957.38 | 1.22 |
| EUR	INVESCO FUNDS SICAV-BALANCED RISK ALLOCATION FD-PI1-EUR-CAP	46 569.00 | 477 332.25 | 1.31 |
| EUR	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC	5 784.00 | 723 000.00 | 1.98 |
| EUR	UBS (LUX) BOND SICAV - EUR CORPORATES (EUR) U-X-ACC	90.00 | 1 083 420.00 | 2.97 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC	84.00 | 1 443 285.91 | 3.96 |
| USD	UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS	7 908.00 | 749 388.48 | 2.06 |
| USD	UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC	236.00 | 2 486 570.34 | 6.82 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND-GLOBAL BONDS (USD)-U-X ACC	116.00 | 1 346 174.60 | 3.69 |
| EUR	UBS (LUX) EQUITY FUND - EURO COUNTRIES OPPORT U-X-ACC	239.00 | 5 135 256.77 | 14.09 |
| USD	UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC	225.00 | 2 084 697.26 | 5.72 |
| USD	UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC	55.00 | 1 310 086.30 | 3.60 |
| USD	UBS (LUX) EQUITY SICAV-GLOBAL QUANTITATIVE (USD) U-X-ACC	205.00 | 2 541 270.19 | 6.97 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL OPPORTUNITY (USD) U-X-ACC	123.00 | 1 019 975.03 | 2.80 |
| USD	UBS (LUX) INST FUND-KEY SEL. GLOBAL EQUITY FA-USD	120.00 | 2 567 272.89 | 7.04 |
| USD	UBS (LUX) INSTITUTION SICAV-EQUITIES GLB (EX USA) PASSIVE XA	9 933.00 | 808 141.77 | 2.22 |
| Total Luxemburg | 25 839 914.37 | 70.89 |
| Total Investment Fonds, open end | 27 815 846.36 | 76.31 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 | 27 815 846.36 | 76.31 |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  |  |
| Optionen auf Indizes, klassisch |  |  |
| USD |  |  |
| USD	S&P 500 INDEX CALL 2600.00000 18.09.20	1.00 | 43 394.62 | 0.12 |
| USD	S&P 500 INDEX PUT 2225.00000 18.09.20	-1.00 | -2 013.75 | -0.01 |
| Total USD | 41 380.87 | 0.11 |
| Total Optionen auf Indizes, klassisch | 41 380.87 | 0.11 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden | 41 380.87 | 0.11 |
| Total des Wertpapierbestandes | 34 620 993.02 | 94.98 |

UBS (Lux) Strategy SICAV – Xtra Balanced (EUR) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
| Bezeichnung | Anzahl/ | Bewertung in EUR | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Derivative Instrumente |  |  |  |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden Finanzterminkontrakte auf Anleihen |  |  |  |
|  |  |  |  |
| USD	US 5YR TREASURY NOTE FUTURE 30.09.20 | -3.00 | -505.69 | 0.00 |
| Total Finanzterminkontrakte auf Anleihen |  | -505.69 | 0.00 |
| Finanzterminkontrakte auf Indizes |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.06.20 | -18.00 | -48 138.17 | -0.13 |
| CHF	SWISS MARKET INDEX FUTURE 19.06.20 | 4.00 | 86 156.67 | 0.24 |
| GBP	FTSE 100 INDEX FUTURE 19.06.20 | 29.00 | 238 662.59 | 0.64 |
| USD	S&P500 EMINI FUTURE 19.06.20 | -10.00 | -298 445.30 | -0.82 |
| AUD	SPI 200 INDEX FUTURES 18.06.20 | -3.00 | -45 442.86 | -0.12 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 11.06.20 | 3.00 | 91 038.79 | 0.25 |
| CAD	S&P/TSX 60 INDEX FUTURE 18.06.20 | -3.00 | -39 239.28 | -0.11 |
| Total Finanzterminkontrakte auf Indizes |  | -15 407.56 | -0.05 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | -15 913.25 | -0.05 |

Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Credit-Default-Swaps*
| USD | ICE/CDX.NA.IG.34 CDI REC 1.00000% 20-20.06.25 | 1 100 000.00 | 12 869.73 | 0.04 |
| --- | --- | --- | --- | --- |
| Total Credit-Default-Swaps | 12 869.73 | 0.04 |
| Total Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden | 12 869.73 | 0.04 |
| Total Derivative Instrumente | -3 043.52 | -0.01 |
| Devisenterminkontrakte |  |  |
| Devisenterminkontrakte (Kauf/Verkauf) |  |  |

| EUR | 25 271.58 | USD | 27 500.00 | 24.6.2020 | 560.75 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 1 304.38 | CAD | 2 000.00 | 24.6.2020 | 4.15 | 0.00 |
| CHF | 25 000.00 | EUR | 23 779.67 | 24.6.2020 | -380.40 | 0.00 |
| EUR | 7 090.08 | SGD | 11 000.00 | 24.6.2020 | 96.36 | 0.00 |
| EUR | 129 009.52 | HKD | 1 088 500.00 | 24.6.2020 | 2 881.25 | 0.01 |
| EUR | 145 764.43 | CAD | 224 277.52 | 24.6.2020 | -41.81 | 0.00 |
| NZD | 500.00 | EUR | 275.41 | 24.6.2020 | 2.78 | 0.00 |
| EUR | 134 123.28 | AUD | 230 059.25 | 24.6.2020 | -3 103.68 | -0.01 |
| JPY | 25 667 249.00 | EUR | 219 412.33 | 24.6.2020 | -5 261.46 | -0.01 |
| EUR | 149 632.71 | CHF | 157 435.91 | 24.6.2020 | 2 277.30 | 0.01 |
| EUR | 57 654.16 | DKK | 430 000.00 | 24.6.2020 | -36.34 | 0.00 |
| EUR | 40 506.70 | SEK | 442 812.01 | 24.6.2020 | -1 749.70 | 0.00 |
| EUR | 44 588.79 | NOK | 515 312.82 | 24.6.2020 | -3 058.08 | -0.01 |
| GBP | 752 100.43 | EUR | 854 478.97 | 24.6.2020 | -18 881.37 | -0.05 |
| EUR | 8 328 024.27 | USD | 9 059 641.20 | 24.6.2020 | 187 252.34 | 0.51 |
| EUR | 70 951.14 | USD | 77 000.00 | 24.6.2020 | 1 760.82 | 0.00 |
| EUR | 21 876.45 | CHF | 23 000.00 | 24.6.2020 | 349.12 | 0.00 |
| GBP | 19 000.00 | EUR | 21 583.13 | 24.6.2020 | -473.78 | 0.00 |
| EUR | 1 072.95 | JPY | 125 000.00 | 24.6.2020 | 30.03 | 0.00 |
| EUR | 2 308.77 | USD | 2 500.00 | 24.6.2020 | 62.33 | 0.00 |
| GBP | 19 000.00 | EUR | 21 710.04 | 24.6.2020 | -600.69 | 0.00 |
| USD | 32 000.00 | EUR | 29 569.94 | 24.6.2020 | -815.52 | 0.00 |
| EUR | 18 893.70 | GBP | 16 500.00 | 24.6.2020 | 561.89 | 0.00 |
| USD | 15 000.00 | EUR | 13 801.23 | 24.6.2020 | -322.60 | 0.00 |
| EUR | 2 861.87 | GBP | 2 500.00 | 24.6.2020 | 84.32 | 0.00 |
| USD | 70 000.00 | EUR | 64 516.72 | 24.6.2020 | -1 616.43 | 0.00 |
| EUR | 6 572.13 | CAD | 10 000.00 | 24.6.2020 | 70.98 | 0.00 |
| GBP | 11 000.00 | EUR | 12 649.44 | 24.6.2020 | -428.23 | 0.00 |
| EUR | 12 246.99 | CAD | 18 500.00 | 24.6.2020 | 219.86 | 0.00 |
| EUR | 2 846.69 | CHF | 3 000.00 | 24.6.2020 | 38.78 | 0.00 |
| USD | 32 000.00 | EUR | 29 579.34 | 24.6.2020 | -824.92 | 0.00 |
| USD | 54 000.00 | EUR | 49 649.69 | 24.6.2020 | -1 126.61 | 0.00 |
| GBP | 5 000.00 | EUR | 5 719.34 | 24.6.2020 | -164.25 | 0.00 |
| CAD | 7 000.00 | EUR | 4 617.81 | 24.6.2020 | -67.00 | 0.00 |
| JPY | 2 224 220.00 | EUR | 19 116.88 | 22.7.2020 | -562.39 | 0.00 |
| JPY | 2 226 000.00 | EUR | 19 134.40 | 24.6.2020 | -562.10 | 0.00 |
| GBP | 841 099.49 | EUR | 958 479.71 | 22.7.2020 | -24 455.55 | -0.07 |
| EUR | 45 753.71 | AUD | 76 362.76 | 22.7.2020 | 232.48 | 0.00 |
| EUR | 57 656.94 | DKK | 430 000.00 | 22.7.2020 | -34.73 | 0.00 |
| EUR | 40 422.76 | SEK | 430 473.37 | 22.7.2020 | -642.08 | 0.00 |
| EUR | 129 497.51 | HKD | 1 088 500.00 | 22.7.2020 | 3 536.47 | 0.01 |
| EUR | 36 487.15 | SGD | 56 000.00 | 22.7.2020 | 900.42 | 0.00 |
| EUR | 141 549.95 | CHF | 148 776.64 | 22.7.2020 | 2 267.73 | 0.01 |
| EUR | 123 645.47 | CAD | 187 687.77 | 22.7.2020 | 1 699.25 | 0.00 |
| JPY | 25 285 651.00 | EUR | 217 299.94 | 22.7.2020 | -6 366.52 | -0.02 |
| EUR | 46 887.26 | NOK | 521 894.77 | 22.7.2020 | -1 348.73 | 0.00 |
| EUR | 8 275 146.86 | USD | 8 966 080.25 | 22.7.2020 | 223 272.46 | 0.61 |
| USD | 75 000.00 | EUR | 69 453.45 | 24.6.2020 | -2 060.28 | -0.01 |
| USD | 75 000.00 | EUR | 69 411.02 | 22.7.2020 | -2 058.22 | -0.01 |
| EUR | 2 541.63 | JPY | 295 000.00 | 24.6.2020 | 80.34 | 0.00 |
| EUR | 2 541.35 | JPY | 295 000.00 | 22.7.2020 | 80.45 | 0.00 |
| EUR | 5 605.59 | GBP | 5 000.00 | 24.6.2020 | 50.50 | 0.00 |
| EUR | 5 603.01 | GBP | 5 000.00 | 22.7.2020 | 50.61 | 0.00 |
| EUR | 63 942.81 | USD | 69 500.00 | 22.7.2020 | 1 529.22 | 0.00 |

* Nominal positiv: der Subfonds ist «Receiver», Nominal negativ: der Subfonds ist «Payer».
UBS (Lux) Strategy SICAV – Xtra Balanced (EUR)
Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
| Bezeichnung	Anzahl/ | Bewertung in EUR | in % des |
| --- | --- | --- |
| Nominal | NR Kursgewinn | Netto- |
|  | (-verlust) auf Futures/ | vermögens |
|  | Devisentermin- |  |
|  | kontrakten/ |  |
|  | Swaps (Erl. 1) |  |

Devisenterminkontrakte (Fortsetzung)
Devisenterminkontrakte (Kauf/Verkauf)
| EUR | 63 982.04 | USD | 69 500.00 | 24.6.2020 | 1 531.04 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| GBP | 25 000.00 | EUR | 27 982.13 | 24.6.2020 | -206.66 | 0.00 |
| GBP | 25 000.00 | EUR | 27 969.28 | 22.7.2020 | -207.28 | 0.00 |
| EUR | 22 857.41 | USD | 25 000.00 | 24.6.2020 | 393.02 | 0.00 |
| EUR | 22 843.49 | USD | 25 000.00 | 22.7.2020 | 392.56 | 0.00 |
| GBP | 327 000.00 | EUR | 365 359.29 | 24.6.2020 | -2 056.19 | -0.01 |
| GBP | 327 000.00 | EUR | 365 192.00 | 22.7.2020 | -2 065.04 | -0.01 |
| CAD | 44 000.00 | EUR | 28 751.56 | 24.6.2020 | -146.49 | 0.00 |
| CAD | 44 000.00 | EUR | 28 735.56 | 22.7.2020 | -147.48 | 0.00 |
| EUR | 26 528.57 | SEK | 280 000.00 | 22.7.2020 | -181.92 | 0.00 |
| EUR | 24 135.68 | DKK | 180 000.00 | 24.6.2020 | -13.83 | 0.00 |
| EUR | 24 136.00 | DKK | 180 000.00 | 22.7.2020 | -14.00 | 0.00 |
| EUR | 26 537.34 | SEK | 280 000.00 | 24.6.2020 | -182.34 | 0.00 |
| JPY | 2 700 000.00 | EUR | 23 025.09 | 22.7.2020 | -501.63 | 0.00 |
| JPY | 2 700 000.00 | EUR | 23 027.84 | 24.6.2020 | -500.79 | 0.00 |
| EUR | 296 420.91 | USD | 323 500.00 | 22.7.2020 | 5 905.85 | 0.02 |
| EUR | 296 600.06 | USD | 323 500.00 | 24.6.2020 | 5 910.87 | 0.02 |
| EUR | 47 718.82 | GBP | 42 500.00 | 24.6.2020 | 500.53 | 0.00 |
| EUR | 47 696.38 | GBP | 42 500.00 | 22.7.2020 | 500.98 | 0.00 |
| USD | 229 000.00 | EUR | 205 518.85 | 24.6.2020 | 254.95 | 0.00 |
| USD | 227 136.35 | EUR | 203 721.97 | 22.7.2020 | 254.94 | 0.00 |
| EUR | 51 595.23 | USD | 57 500.00 | 22.7.2020 | -41.91 | 0.00 |
| EUR | 51 627.01 | USD | 57 500.00 | 24.6.2020 | -41.08 | 0.00 |
| Total Devisenterminkontrakte (Kauf/Verkauf) | 362 247.62 | 0.99 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 1 327 439.05 | 3.64 |
| Andere Aktiva und Passiva | 144 986.98 | 0.40 |
| Total des Nettovermögens | 36 452 623.15 | 100.00 |

UBS (Lux) Strategy SICAV – Xtra Balanced (EUR) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020