# UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD)
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 31.5.2020 | 31.5.2019 | 31.5.2018 |
| Net assets in USD |  | 65 434 843.59 | 59 744 560.53 | 153 360 213.31 |
| Class I-B-acc | LU1323608122 |  |  |  |
| Shares outstanding |  | 178 908.5460 | 116 376.6610 | 95 128.5560 |
| Net asset value per share in USD |  | 141.72 | 124.73 | 119.50 |
| Issue and redemption price per share in USD 1 |  | 141.72 | 124.73 | 119.50 |
| Class (EUR) I-B-acc | LU1776281823 |  |  |  |
| Shares outstanding |  | 10 220.0000 | 28 569.0000 | 816 943.0000 |
| Net asset value per share in EUR |  | 126.74 | 111.34 | 102.14 |
| Issue and redemption price per share in EUR 1 |  | 126.74 | 111.34 | 102.14 |
| Class P-4%-mdist | LU1278831067 |  |  |  |
| Shares outstanding |  | 8 617.6770 | 18 430.5070 | 20 512.4410 |
| Net asset value per share in USD |  | 113.61 | 106.07 | 107.88 |
| Issue and redemption price per share in USD 1 |  | 113.61 | 106.07 | 107.88 |
| Class (EUR hedged) P-4%-mdist | LU1278831570 |  |  |  |
| Shares outstanding |  | 6 100.9840 | 5 108.9310 | 5 164.0760 |
| Net asset value per share in EUR |  | 102.20 | 98.36 | 103.09 |
| Issue and redemption price per share in EUR 1 |  | 102.20 | 98.36 | 103.09 |
| Class P-acc | LU1278830929 |  |  |  |
| Shares outstanding |  | 51 412.8950 | 61 912.3910 | 181 576.7940 |
| Net asset value per share in USD |  | 136.31 | 122.39 | 119.64 |
| Issue and redemption price per share in USD 1 |  | 136.31 | 122.39 | 119.64 |
| Class (HKD) P-acc 2 | LU1278831737 |  |  |  |
| Shares outstanding |  | - | - | 195.9450 |
| Net asset value per share in HKD |  | - | - | 1 209.88 |
| Issue and redemption price per share in HKD 1 |  | - | - | 1 209.88 |
| Class (CHF hedged) P-acc 3 | LU1278831224 |  |  |  |
| Shares outstanding |  | - | - | 3 250.9140 |
| Net asset value per share in CHF |  | - | - | 113.01 |
| Issue and redemption price per share in CHF 1 |  | - | - | 113.01 |
| Class (EUR hedged) P-acc | LU1278831497 |  |  |  |
| Shares outstanding |  | 19 431.6250 | 28 147.3500 | 31 734.0300 |
| Net asset value per share in EUR |  | 122.59 | 113.47 | 114.28 |
| Issue and redemption price per share in EUR 1 |  | 122.59 | 113.47 | 114.28 |
| Class (SGD hedged) P-acc 3 | LU1278831653 |  |  |  |
| Shares outstanding |  | - | - | 14 405.3790 |
| Net asset value per share in SGD |  | - | - | 116.36 |
| Issue and redemption price per share in SGD 1 |  | - | - | 116.36 |
| Class Q-acc | LU1294558454 |  |  |  |
| Shares outstanding |  | 14 128.7450 | 30 170.1640 | 37 132.1820 |
| Net asset value per share in USD |  | 146.14 | 129.88 | 125.68 |
| Issue and redemption price per share in USD 1 |  | 146.14 | 129.88 | 125.68 |
| Class (CHF hedged) Q-acc 3 | LU1294558611 |  |  |  |
| Shares outstanding |  | - | - | 8 390.6280 |
| Net asset value per share in CHF |  | - | - | 118.66 |
| Issue and redemption price per share in CHF 1 |  | - | - | 118.66 |
| Class (EUR hedged) Q-acc | LU1294558538 |  |  |  |
| Shares outstanding |  | 27 026.7150 | 30 092.9800 | 34 095.8680 |
| Net asset value per share in EUR |  | 131.37 | 120.37 | 120.00 |
| Issue and redemption price per share in EUR 1 |  | 131.37 | 120.37 | 120.00 |
| Class U-X-acc | LU1278831141 |  |  |  |
| Shares outstanding | 1 416.7210 | 1 518.8950 | 290.9740 |
| Net asset value per share in USD | 15 030.26 | 13 218.99 | 12 655.35 |
| Issue and redemption price per share in USD 1 | 15 030.26 | 13 218.99 | 12 655.35 |
| 1  See note 1 2  The share class (HKD) P-acc was in circulation until 19.2.2019 3  The share classes (CHF hedged) P-acc, (SGD hedged) P-acc and (CHF hedged) Q-acc were in circulation until 29.1.2019 |  |  |  |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD) Annual report and audited financial statements as of 31 May 2020
| Performance |  |
| --- | --- |
|  | Currency | 2019/2020 | 2018/2019 | 2017/2018 |
| Class I-B-acc | USD | 13.6% | 4.4% | 17.3% |
| Class (EUR) I-B-acc | EUR | 13.8% | 9.0% | - |
| Class P-4%-mdist | USD | 11.4% | 2.3% | 15.0% |
| Class (EUR hedged) P-4%-mdist | EUR | 8.0% | -0.7% | 12.1% |
| Class P-acc | USD | 11.4% | 2.3% | 15.0% |
| Class (HKD) P-acc 1 | HKD | - | - | 15.6% |
| Class (CHF hedged) P-acc 2 | CHF | - | - | 11.8% |
| Class (EUR hedged) P-acc | EUR | 8.0% | -0.7% | 12.1% |
| Class (SGD hedged) P-acc 2 | SGD | - | - | 14.0% |
| Class Q-acc | USD | 12.5% | 3.3% | 16.1% |
| Class (CHF hedged) Q-acc 2 | CHF | - | - | 13.0% |
| Class (EUR hedged) Q-acc | EUR | 9.1% | 0.3% | 13.3% |
| Class U-X-acc | USD | 13.7% | 4.5% | 17.4% |

1 
The share class (HKD) P-acc was in circulation until 19.2.2019. Due to this fact, there is no data for the calculation of the performance available.
2 
The share classes (CHF hedged) P-acc, (SGD hedged) P-acc and (CHF hedged) Q-acc were in circulation until 29.1.2019. Due to this fact, there is no data for the calculation of the performance available.
Historical performance is no indicator of current or future performance.
The performance data does not take account of any commissions and costs charged when subscribing and redeeming shares. The performance data were not audited.
The subfund has no benchmark.

## Report of the Portfolio Manager
In the financial year from 1 June 2019 to 31 May 2020, global equities entered a bear market amid the COVID- 19 pandemic and sold off sharply. Governments and cen- tral banks globally responded with fiscal and monetary stimulus measures to help stabilize economic growth and boost liquidity. While there were some signs of a recov- ery in April, the outlook remained uncertain and volatility remained elevated.
The subfund’s performance was positive over the financial year driven mainly by stock selection in consumer discre- tionary. We benefited from our exposure to the IT sector while our shorts in real estate and longs in industrials also added value. Consumer staples was the largest detractor as both longs and shorts weighed on performance. Our holdings in materials and communication services also detracted.

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
United States	71.55
| China | 6.24 |
| --- | --- |
| Japan | 5.22 |
| Ireland | 3.81 |
| South Korea | 2.14 |
| The Netherlands | 1.26 |
| Canada | 0.67 |
| South Africa | 0.66 |
| Norway | 0.62 |
| United Kingdom | 0.57 |
| Australia | 0.48 |
| Germany | 0.21 |
| Bermuda | 0.13 |
| Argentina | 0.09 |
| Total | 93.65 |

Economic Breakdown as a % of net assets	
| Internet, software & IT services | 25.13 |
| --- | --- |
| Banks & credit institutions | 11.49 |
| Retail trade, department stores | 7.95 |
| Finance & holding companies | 7.24 |
| Pharmaceuticals, cosmetics & medical products | 5.85 |
| Electronics & semiconductors | 5.72 |
| Energy & water supply | 4.02 |
| Miscellaneous services | 3.80 |
| Insurance | 3.34 |
| Food & soft drinks | 3.31 |
| Telecommunications | 3.13 |
| Healthcare & social services | 2.40 |
| Mechanical engineering & industrial equipment | 2.10 |
| Chemicals | 1.66 |
| Miscellaneous consumer goods | 1.49 |
| Petroleum | 1.29 |
| Vehicles | 1.03 |
| Precious metals & stones | 0.99 |
| Graphic design, publishing & media | 0.66 |
| Biotechnology | 0.66 |
| Miscellaneous unclassified companies | 0.26 |
| Traffic & transportation | 0.13 |
| Total | 93.65 |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (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	52 637 676.49
Investments in securities, unrealized appreciation (depreciation)		8 641 560.55	 Total investments in securities (Note 1)			61 279 237.04
Cash at banks, deposits on demand and deposit accounts	3 782 678.15*
Receivable on securities sales (Note 1)	1 491 085.96
Receivable on subscriptions	15.26
Receivable on dividends	95 959.35
Other receivables	65 409.32
Unrealized gain (loss) on forward foreign exchange contracts (Note 1)	338 469.37
Total Assets	66 357 144.60
Liabilities
Unrealized gain (loss) on Synthetic Equity Swaps (Note 1)	-695 709.85
Bank overdraft	-330.61
Payable on securities purchases (Note 1)	-543 959.16
Payable on redemptions	-354 778.70
Provisions for flat fee (Note 2)	-11 882.48
Provisions for taxe d’abonnement (Note 3)	-2 185.16
Provisions for other commissions and fees (Note 2)		-9 164.90		 Total provisions			-23 232.54
Total Liabilities	-922 301.01
Net assets at the end of the financial year	65 434 843.59

## Statement of Operations
Income	1.6.2019-31.5.2020
USD
Interest on liquid assets	77 331.25
Dividends	541 081.74
Income on Synthetic Equity Swaps (Note 1)	565 117.29
Income on securities lending (Note 16)	22 613.78
Total income	1 227 249.38
Expenses
Other income (Note 4)	21 105.32
Interest paid on Synthetic Equity Swaps (Note 1)	-608 045.47
Flat fee (Note 2)	-352 386.04
Taxe d’abonnement (Note 3)	-14 043.80
Cost on securities lending (Note 16)	-9 045.51
Other commissions and fees (Note 2)	-10 769.79
Net income (loss) on investments	227 152.77
Total expenses	-1 000 096.61
Interest on cash and bank overdraft	-5 806.00
Realized gain (loss) (Note 1)
Realized gain (loss) on market-priced securities without options	2 162 550.72
Realized gain (loss) on forward foreign exchange contracts	-887 764.61
Realized gain (loss) on Synthetic Equity Swaps	1 538 746.68
Net realized gain (loss) of the financial year	3 196 684.28
Total realized gain (loss)	2 969 531.51
Realized gain (loss) on foreign exchange	155 998.72
Changes in unrealized appreciation (depreciation) (Note 1)
Unrealized appreciation (depreciation) on market-priced securities without options	4 840 022.58
Unrealized appreciation (depreciation) on forward foreign exchange contracts	444 104.78
Total changes in unrealized appreciation (depreciation)	4 019 085.80
Unrealized appreciation (depreciation) on Synthetic Equity Swaps	-1 265 041.56
Net increase (decrease) in net assets as a result of operations	7 215 770.08
* As at 31 May 2020, cash amounts serves as collateral for the counterparty Goldman Sachs for an amount of USD 850 000.00.
UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (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 | 59 744 560.53 |
| Subscriptions | 28 013 534.82 |
| Redemptions | 	-29 449 198.72	 |
| Total net subscriptions (redemptions) | -1 435 663.90 |
| Dividend paid | -89 823.12 |
| Net income (loss) on investments | 227 152.77 |
| Total realized gain (loss) | 2 969 531.51 |
| Total changes in unrealized appreciation (depreciation) | 	4 019 085.80	 |
| Net increase (decrease) in net assets as a result of operations | 7 215 770.08 |
| Net assets at the end of the financial year | 65 434 843.59 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2019-31.5.2020 |
| Class | I-B-acc |
| Number of shares outstanding at the beginning of the financial year | 116 376.6610 |
| Number of shares issued | 100 264.6390 |
| Number of shares redeemed | -37 732.7540 |
| Number of shares outstanding at the end of the financial year | 178 908.5460 |
| Class | (EUR) I-B-acc |
| Number of shares outstanding at the beginning of the financial year | 28 569.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -18 349.0000 |
| Number of shares outstanding at the end of the financial year | 10 220.0000 |
| Class | P-4%-mdist |
| Number of shares outstanding at the beginning of the financial year | 18 430.5070 |
| Number of shares issued | 21.8550 |
| Number of shares redeemed | -9 834.6850 |
| Number of shares outstanding at the end of the financial year | 8 617.6770 |
| Class | (EUR hedged) P-4%-mdist |
| Number of shares outstanding at the beginning of the financial year | 5 108.9310 |
| Number of shares issued | 1 792.0940 |
| Number of shares redeemed | -800.0410 |
| Number of shares outstanding at the end of the financial year | 6 100.9840 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the financial year | 61 912.3910 |
| Number of shares issued | 2 138.8350 |
| Number of shares redeemed | -12 638.3310 |
| Number of shares outstanding at the end of the financial year | 51 412.8950 |
| Class | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the financial year | 28 147.3500 |
| Number of shares issued | 1 633.1780 |
| Number of shares redeemed | -10 348.9030 |
| Number of shares outstanding at the end of the financial year | 19 431.6250 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the financial year | 30 170.1640 |
| Number of shares issued | 2 108.5040 |
| Number of shares redeemed | -18 149.9230 |
| Number of shares outstanding at the end of the financial year | 14 128.7450 |
| Class | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year | 30 092.9800 |
| Number of shares issued | 4 116.6010 |
| Number of shares redeemed | -7 182.8660 |
| Number of shares outstanding at the end of the financial year | 27 026.7150 |
| Class | U-X-acc |
| Number of shares outstanding at the beginning of the financial year | 1 518.8950 |
| Number of shares issued | 1 022.8410 |
| Number of shares redeemed | -1 125.0150 |
| Number of shares outstanding at the end of the financial year | 1 416.7210 |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD) Annual report and audited financial statements as of 31 May 2020
| Monthly Distribution 1 |  |
| --- | --- |
| UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| P-4%-mdist | 11.6.2019 | 14.6.2019 | USD | 0.35 |
| P-4%-mdist | 10.7.2019 | 15.7.2019 | USD | 0.38 |
| P-4%-mdist | 12.8.2019 | 16.8.2019 | USD | 0.38 |
| P-4%-mdist | 10.9.2019 | 13.9.2019 | USD | 0.37 |
| P-4%-mdist | 10.10.2019 | 15.10.2019 | USD | 0.36 |
| P-4%-mdist | 11.11.2019 | 14.11.2019 | USD | 0.36 |
| P-4%-mdist | 10.12.2019 | 13.12.2019 | USD | 0.37 |
| P-4%-mdist | 10.1.2020 | 15.1.2020 | USD | 0.38 |
| P-4%-mdist | 10.2.2020 | 13.2.2020 | USD | 0.39 |
| P-4%-mdist | 10.3.2020 | 13.3.2020 | USD | 0.36 |
| P-4%-mdist | 14.4.2020 | 17.4.2020 | USD | 0.32 |
| P-4%-mdist | 11.5.2020 | 14.5.2020 | USD | 0.36 |
| (EUR hedged) P-4%-mdist | 11.6.2019 | 14.6.2019 | EUR | 0.32 |
| (EUR hedged) P-4%-mdist | 10.7.2019 | 15.7.2019 | EUR | 0.35 |
| (EUR hedged) P-4%-mdist | 12.8.2019 | 16.8.2019 | EUR | 0.35 |
| (EUR hedged) P-4%-mdist | 10.9.2019 | 13.9.2019 | EUR | 0.34 |
| (EUR hedged) P-4%-mdist | 10.10.2019 | 15.10.2019 | EUR | 0.33 |
| (EUR hedged) P-4%-mdist | 11.11.2019 | 14.11.2019 | EUR | 0.33 |
| (EUR hedged) P-4%-mdist | 10.12.2019 | 13.12.2019 | EUR | 0.34 |
| (EUR hedged) P-4%-mdist | 10.1.2020 | 15.1.2020 | EUR | 0.35 |
| (EUR hedged) P-4%-mdist | 10.2.2020 | 13.2.2020 | EUR | 0.35 |
| (EUR hedged) P-4%-mdist | 10.3.2020 | 13.3.2020 | EUR | 0.32 |
| (EUR hedged) P-4%-mdist | 14.4.2020 | 17.4.2020 | EUR | 0.29 |
| (EUR hedged) P-4%-mdist | 11.5.2020 | 14.5.2020 | EUR | 0.32 |
| 1  See note 5 |  |  |  |  |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (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 |  |  |  |
| Bearer shares |  |  |  |
| Argentina |  |  |  |
| USD	GEOPARK LIMITED COM USD0.001 | 7 240.00 | 61 322.80 | 0.09 |
| Total Argentina |  | 61 322.80 | 0.09 |
| Australia |  |  |  |
| AUD	NEWCREST MINING NPV | 15 406.00 | 312 726.46 | 0.48 |
| Total Australia |  | 312 726.46 | 0.48 |
| Bermuda |  |  |  |
| NOK	FRONTLINE LTD COM USD1 (POST REV SPLIT) | 9 628.00 | 86 373.32 | 0.13 |
| Total Bermuda |  | 86 373.32 | 0.13 |
| Canada |  |  |  |
| CAD	IVANHOE MINES LTD COM NPV CL’A’ | 151 948.00 | 335 292.58 | 0.52 |
| CAD	MEG ENERGY CORP COM NPV | 42 833.00 | 99 164.81 | 0.15 |
| Total Canada |  | 434 457.39 | 0.67 |
| China |  |  |  |
| HKD	CHINA MEIDONG AUTO HKD0.1 | 160 000.00 | 367 849.31 | 0.56 |
| HKD	WUXI BIOLOGICS (CA USD0.000025 | 27 500.00 | 432 137.79 | 0.66 |
| HKD	ZHONGSHENG GROUP H HKD0.0001 REG’S | 59 500.00 | 305 521.87 | 0.47 |
| Total China |  | 1 105 508.97 | 1.69 |
| Germany |  |  |  |
| EUR	SERVICEWARE SE NPV | 10 763.00 | 139 476.40 | 0.21 |
| Total Germany |  | 139 476.40 | 0.21 |
| The Netherlands |  |  |  |
| EUR	SHOP APOTHEKE EURO NPV | 7 971.00 | 821 928.43 | 1.26 |
| Total The Netherlands |  | 821 928.43 | 1.26 |
| South Korea |  |  |  |
| KRW	NCSOFT CORPN KRW500 | 1 361.00 | 868 173.89 | 1.33 |
| KRW	SAMSUNG SDI KRW5000 | 1 831.00 | 530 767.47 | 0.81 |
| Total South Korea |  | 1 398 941.36 | 2.14 |
| United Kingdom |  |  |  |
| USD	WILLIS TOWERS WATS COM USD0.000304635 | 1 848.00 | 374 959.20 | 0.57 |
| Total United Kingdom |  | 374 959.20 | 0.57 |
| United States |  |  |  |
| USD	ALPHABET INC CAP STK USD0.001 CL C | 1 787.00 | 2 553 480.04 | 3.90 |
| USD	COCA-COLA CO COM USD0.25 | 31 921.00 | 1 490 072.28 | 2.28 |
| USD	EDWARDS LIFESCIENCES CORP COM | 3 391.00 | 762 025.52 | 1.16 |
| USD	JP MORGAN CHASE & COM USD1 | 6 873.00 | 668 811.63 | 1.02 |
| USD	MARSH & MCLENNAN COM USD1 | 9 377.00 | 993 211.84 | 1.52 |
| USD	MOODYS CORP COM USD0.01 | 4 443.00 | 1 188 102.63 | 1.82 |
| USD	NEXTERA ENERGY INC COM USD0.01 | 7 162.00 | 1 830 320.72 | 2.80 |
| USD	PROGRESSIVE CP(OH) COM USD1 | 10 526.00 | 817 659.68 | 1.25 |
| USD	RESMED INC COM USD0.004 | 4 565.00 | 734 143.30 | 1.12 |
| USD	VEEVA SYSTEMS INC COM USD0.00001 CL ‘A’ | 4 309.00 | 943 110.83 | 1.44 |
| USD	VMWARE INC COM STK USD0.01 CLASS ‘A’ | 1 525.00 | 238 311.75 | 0.36 |
| USD	ZOETIS INC COM USD0.01 CL ‘A’ | 8 249.00 | 1 149 828.11 | 1.76 |
| Total United States |  | 13 369 078.33 | 20.43 |
| Total Bearer shares |  | 18 104 772.66 | 27.67 |
| Registered shares |  |  |  |
| China |  |  |  |
| CNY	CONTEMPORARY AMPER A CNY1	22 369.00 | 455 575.54 | 0.70 |
| Total China | 455 575.54 | 0.70 |
| Ireland |  |  |  |  |
| USD | ACCENTURE PLC SHS CL A ‘NEW’ | 6 501.00 | 1 310 731.62 | 2.00 |
| USD | MEDTRONIC PLC USD0.0001 | 12 000.00 | 1 182 960.00 | 1.81 |
| Total Ireland	2 493 691.62	3.81 |
| Japan |  |  |  |  |
| JPY | NOMURA RESEARCH IN NPV | 43 600.00 | 1 152 576.24 | 1.76 |
| JPY | SOFTBANK GROUP CO NPV | 27 100.00 | 1 215 456.45 | 1.86 |
| JPY | SONY CORP NPV | 16 400.00 | 1 046 397.19 | 1.60 |
| Total Japan | 3 414 429.88 | 5.22 |
| Norway |  |  |  |  |
| NOK | PEXIP HOLDING ASA NOK0.015 | 45 314.00 | 407 260.28 | 0.62 |
| Total Norway | 407 260.28 | 0.62 |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (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) |  |

United States
| USD | ADOBE INC COM USD0.0001 | 6 190.00 | 2 393 054.00 | 3.66 |
| --- | --- | --- | --- | --- |
| USD | AIR PRODS & CHEMS COM USD1 | 4 506.00 | 1 088 874.90 | 1.66 |
| USD | AMAZON COM INC COM USD0.01 | 1 120.00 | 2 735 454.40 | 4.18 |
| USD | AMER EXPRESS CO COM USD0.20 | 8 443.00 | 802 676.01 | 1.23 |
| USD | APACHE CORP COM USD0.625 | 10 900.00 | 117 611.00 | 0.18 |
| USD | BEST BUY CO INC COM USD0.10 | 5 503.00 | 429 729.27 | 0.66 |
| USD | CHARTER COMMUN INC COM USD0.001 CLASS ‘A’ | 2 436.00 | 1 325 184.00 | 2.02 |
| USD | DANAHER CORP COM USD0.01 | 5 502.00 | 916 688.22 | 1.40 |
| USD | DOLLAR TREE INC | 5 676.00 | 555 510.12 | 0.85 |
| USD | EVERSOURCE ENERGY COM USD5 | 9 527.00 | 797 409.90 | 1.22 |
| USD | GLOBAL PAYMENTS COM NPV | 6 762.00 | 1 213 711.38 | 1.85 |
| USD | GOLDMAN SACHS GRP COM USD0.01 | 3 365.00 | 661 188.85 | 1.01 |
| USD | HESS CORPORATION COM USD1 | 13 276.00 | 630 211.72 | 0.96 |
| USD | HOME DEPOT INC COM USD0.05 | 3 940.00 | 979 011.20 | 1.50 |
| USD | INTEL CORP COM USD0.001 | 5 265.00 | 331 326.45 | 0.51 |
| USD | LOWE’S COS INC COM USD0.50 | 8 106.00 | 1 056 617.10 | 1.61 |
| USD | MASTERCARD INC COM USD0.0001 CLASS ‘A’ | 10 782.00 | 3 244 195.98 | 4.96 |
| USD | MICROSOFT CORP COM USD0.0000125 | 26 981.00 | 4 944 268.25 | 7.56 |
| USD | MONDELEZ INTL INC COM USD0.01 | 12 993.00 | 677 195.16 | 1.03 |
| USD | PAYPAL HOLDINGS IN COM USD0.0001 | 13 622.00 | 2 111 546.22 | 3.23 |
| USD | PROCTER & GAMBLE COM NPV | 8 396.00 | 973 264.32 | 1.49 |
| USD | THERMO FISHER SCIE COM USD1 | 5 249.00 | 1 832 898.31 | 2.80 |
| USD | UNITEDHEALTH GRP COM USD0.01 | 3 865.00 | 1 178 245.25 | 1.80 |
| USD | VIACOMCBS INC COM USD0.001 CL B | 15 059.00 | 312 323.66 | 0.48 |
| USD | VISA INC COM STK USD0.0001 | 7 593.00 | 1 482 457.32 | 2.26 |
| USD | VOYA FINL INC COM USD0.01 | 14 644.00 | 659 712.20 | 1.01 |
| Total United States |  | 33 450 365.19 | 51.12 |
| Total Registered shares |  | 40 221 322.51 | 61.47 |
| Depository receipts |  |  |  |
| China |  |  |  |
| USD	ALIBABA GROUP HLDG SPON ADS EACH REP ONE | 5 683.00 | 1 178 597.37 | 1.80 |
| USD	BAIDU INC ADS EACH REPR 10 ORD CLS’A | 7 350.00 | 783 142.50 | 1.20 |
| USD	NEW ORIENTAL ED & TECH GRP INC SPON ADR | 1 400.00 | 167 944.00 | 0.26 |
| USD	TAL EDUCATION GRP ADS EA REPR 2 CL A ORD | 6 900.00 | 389 574.00 | 0.59 |
| Total China |  | 2 519 257.87 | 3.85 |
| South Africa |  |  |  |
| USD	NASPERS SPON ADR EACH REP 0.2 ORD | 13 200.00 | 433 884.00 | 0.66 |
| Total South Africa |  | 433 884.00 | 0.66 |
| Total Depository receipts |  | 2 953 141.87 | 4.51 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 61 279 237.04 | 93.65 |
| Total investments in securities |  | 61 279 237.04 | 93.65 |


## Derivative instruments
Derivative instruments not listed on an official stock exchange and not traded on another regulated market
Synthetic Equity Swaps*
| SEK | GOLDMAN SACHS/SANDVIK AB NPV (SYNTHETIC EQUITY SWAP) | 52 547.00 | 25 664.39 | 0.04 |
| --- | --- | --- | --- | --- |
| EUR | GOLDMAN SACHS/SIEMENS AG (SYNTHETIC EQUITY SWAP) | 11 274.00 | -2 508.13 | 0.00 |
| GBP | GOLDMAN SACHS/WPP PLC (SYNTHETIC EQUITY SWAP) | -22 427.00 | 2 661.74 | 0.00 |
| USD | GOLDMAN SACHS/HUTCHISON PORT HL NPV(SYNTHETIC EQUITY SWAP) | -2 554 800.00 | 38 322.00 | 0.06 |
| GBP | GOLDMAN SACHS/ASTRAZENECA ORD (SYNTHETIC EQUITY SWAP) | 9 529.00 | 30 394.21 | 0.05 |
| USD | GOLDMAN SACHS/CATERPILLAR INC DEL CO (SYNTHETIC EQUITY SWAP) | -1 495.00 | -5 606.25 | -0.01 |
| USD | GOLDMAN SACHS/TRANSOCEAN LTD (SYNTHETIC EQUITY SWAP) | -124 190.00 | -3 230.10 | 0.00 |
| CHF | GOLDMAN SACHS/DUFRY AG(SYNTHETIC EQUITY SWAP) | -5 748.00 | 18 547.73 | 0.03 |
| CHF | GOLDMAN SACHS/NOVARTIS AG (SYNTHETIC EQUITY SWAP) | 10 463.00 | 8 386.08 | 0.01 |
| CHF | GOLDMAN SACHS/NESTLE SA(SYNTHETIC EQUITY SWAP) | 6 580.00 | 13 424.38 | 0.02 |
| DKK | GOLDMAN SACHS/NOVO-NORDISK AS(SYNTHETIC EQUITY SWAP) | 17 984.00 | 5 233.60 | 0.01 |
| GBP | GOLDMAN SACHS/SOUTH32 LTD NPV(SYNTHETIC EQUITY SWAP) | -55 996.00 | 27.69 | 0.00 |
| EUR | GOLDMAN SACHS/SAMPO OYJ SER’A’ (SYNTHETIC EQUITY SWAP) | 48 631.00 | 101 698.02 | 0.15 |
| EUR | GOLDMAN SACHS/MONCLER SPA NPV (SYNTHETIC EQUITY SWAP) | 14 902.00 | -14 089.80 | -0.02 |
| EUR | GOLDMAN SACHS/VARTA AG (SYNTHETIC EQUITY SWAP) | 2 163.00 | 39 458.61 | 0.06 |
| JPY | GOLDMAN SACHS/HITACHI NPV(SYNTHETIC EQUITY SWAP) | 16 400.00 | 32 576.23 | 0.05 |
| USD | GOLDMAN SACHS/SNAP-ON INC COM (SYNTHETIC EQUITY SWAP) | -2 491.00 | 1 494.60 | 0.00 |
| USD | GOLDMAN SACHS/KRATOS DEFENSE (SYNTHETIC EQUITY SWAP) | -5 721.00 | -20 195.13 | -0.03 |
| EUR | GOLDMAN SACHS/EIFFAGE (SYNTHETIC EQUITY SWAP) | 5 790.00 | 47 015.70 | 0.07 |
| DKK | GOLDMAN SACHS/ISS A/S (SYNTHETIC EQUITY SWAP) | -14 199.00 | -20 660.57 | -0.03 |
| EUR | GOLDMAN SACHS/SCHNEIDER ELECTRIC (SYNTHETIC EQUITY SWAP) | 10 780.00 | 69 308.75 | 0.11 |
| USD | GOLDMAN SACHS/GTT COMMUNICATIONS COM (SYNTHETIC EQUITY SWAP) | -20 307.00 | 68 434.59 | 0.10 |
| HKD | GOLDMAN SACHS/CANVEST ENVIRONMENT(SYNTHETIC EQUITY SWAP) | -668 000.00 | 12 927.36 | 0.02 |
| USD | GOLDMAN SACHS/FRANKS INTERNATIONAL(SYNTHETIC EQUITY SWAP) | -33 963.00 | 6 113.34 | 0.01 |
| USD | GOLDMAN SACHS/MACY’S INC (SYNTHETIC EQUITY SWAP) | -34 917.00 | -30 255.84 | -0.05 |
| USD | GOLDMAN SACHS/HANESBRANDS INC COM (SYNTHETIC EQUITY SWAP) | -24 686.00 | 1 974.88 | 0.00 |
| USD | GOLDMAN SACHS/NEWOCEAN ENERGY HL (SYNTHETIC EQUITY SWAP) | -892 000.00 | 42 636.64 | 0.06 |
| USD | GOLDMAN SACHS/SAMSUNG HEAVY (SYNTHETIC EQUITY SWAP) | -41 517.00 | -15 378.91 | -0.02 |

* Positive nominal: the subfund is “Receiver”, negative nominal: the subfund is “Payer”.
UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (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) |  |
|  |  |  |  |  |
| SEK | GOLDMAN SACHS/BILLERUDKORSNAS AB NPV (SYNTHETIC EQUITY SWAP) | -11 924.00 | -6 076.99 | -0.01 |
| HKD | GOLDMAN SACHS/361 DEGREES INTERN (SYNTHETIC EQUITY SWAP) | -905 000.00 | 17 513.87 | 0.03 |
| EUR | GOLDMAN SACHS/AIR LIQUIDE POST-SUB (SYNTHETIC EQUITY SWAP) | 6 715.00 | 38 741.52 | 0.06 |
| USD | GOLDMAN SACHS/AT&T INC COM (SYNTHETIC EQUITY SWAP) | -8 184.00 | -13 482.32 | -0.02 |
| USD | GOLDMAN SACHS/MACERICH CO COM (SYNTHETIC EQUITY SWAP) | -19 800.00 | 13 068.00 | 0.02 |
| USD | GOLDMAN SACHS/WAYFAIR INC COM(SYNTHETIC EQUITY SWAP) | -7 661.00 | -363 974.11 | -0.56 |
| CHF | GOLDMAN SACHS/ROCHE HLDGS AG GENUSSCHEINE NPV (SYNTHETIC EQUITY SWAP) | 3 358.00 | -60 636.24 | -0.09 |
| USD | GOLDMAN SACHS/IQIYI INC SPON EACH AD (SYNTHETIC EQUITY SWAP) | -9 700.00 | 3 686.00 | 0.01 |
| GBP | GOLDMAN SACHS/UNILEVER PLC (SYNTHETIC EQUITY SWAP) | 28 924.00 | 82 245.10 | 0.13 |
| EUR | GOLDMAN SACHS/KNORR BREMSE (SYNTHETIC EQUITY SWAP) | -3 113.00 | -35 735.53 | -0.05 |
| USD | GOLDMAN SACHS/WILEY(JOHN) & SONS CLASS’A’COM (SYNTHETIC EQUITY SWAP) | -4 572.00 | -12 115.80 | -0.02 |
| EUR | GOLDMAN SACH/KONINKLIJKE PHILIPS (SYNTHETIC EQUITY SWAP) | 21 488.00 | 25 694.84 | 0.04 |
| GBP | GOLDMAN SACHS/SOFTCAT PLC ORD (SYNTHETIC EQUITY SWAP) | 41 103.00 | 8 130.50 | 0.01 |
| DKK | GOLDMAN SACHS/H.LUNDBECK (SYNTHETIC EQUITY SWAP) | -4 039.00 | -5 605.79 | -0.01 |
| EUR | GOLDMAN SACHS/ASML HOLDING NV (SYNTHETIC EQUITY SWAP) | 3 809.00 | 94 483.79 | 0.14 |
| USD | GOLDMAN SACHS/8X8 INC NEW COM (SYNTHETIC EQUITY SWAP) | -24 397.00 | 59 040.74 | 0.09 |
| EUR | GOLDMAN SACHS/HAPAG-LLOYD AG (SYNTHETIC EQUITY SWAP) | -1 421.00 | 70 655.03 | 0.11 |
| USD | GOLDMAN SACHS/OMNICOM GROUP INC COM (SYNTHETIC EQUITY SWAP) | -4 802.00 | 10 756.48 | 0.02 |
| GBP | GOLDMAN SACHS/GREGGS ORD (SYNTHETIC EQUITY SWAP) | -9 595.00 | -1 897.97 | 0.00 |
| USD | GOLDMAN SACHS/CLOROX CO DEL COM (SYNTHETIC EQUITY SWAP) | -5 053.00 | -100 099.93 | -0.15 |
| USD | GOLDMAN SACHS/CHEWY INC (SYNTHETIC EQUITY SWAP) | -9 291.00 | -11 149.20 | -0.02 |
| EUR | GOLDMAN SACHS/LEGRAND SA (SYNTHETIC EQUITY SWAP) | 14 664.00 | -3 588.53 | -0.02 |
| USD | GOLDMAN SACHS/LIBERTY GLOBAL (SYNTHETIC EQUITY SWAP) | -26 800.00 | -62 176.00 | -0.11 |
| HKD | GOLDMAN SACHS/PETROCHINA CO (SYNTHETIC EQUITY SWAP) | -1 024 000.00 | 17 174.56 | 0.03 |
| USD | GOLDMAN SACHS/BLACKBAUD INC COM (SYNTHETIC EQUITY SWAP) | -2 745.00 | -9 195.75 | -0.01 |
| EUR | GOLDMAN SACHS/UNIBAIL-RODAMCO-WE NPV (SYNTHETIC EQUITY SWAP) | -1 677.00 | 11 229.77 | 0.02 |
| USD | GOLDMAN SACHS/ASCENA RETAIL GRP COM (SYNTHETIC EQUITY SWAP) | -19 863.00 | -4 369.86 | -0.01 |
| USD | GOLDMAN SACHS/AMER EAGLE OUTFITT COM (SYNTHETIC EQUITY SWAP) | -29 529.00 | -35 730.09 | -0.05 |
| EUR | GOLDMAN SACHS/CRH ORD (SYNTHETIC EQUITY SWAP) | 28 065.00 | 58 825.63 | 0.09 |
| GBP | GOLDMAN SACHS/PETROFAC ORD (SYNTHETIC EQUITY SWAP) | -58 919.00 | 18 865.96 | 0.03 |
| GBP | GOLDMAN SACHS/DOMINO’S PIZZA GRP ORD (SYNTHETIC EQUITY SWAP) | -35 982.00 | -6 850.62 | -0.01 |
| USD | GOLDMANSACHS/FAR EASTONE TELECO (SYNTHETIC EQUITY SWAP) | -181 000.00 | 12 856.26 | 0.02 |
| EUR | GOLDMAN SACHS/PROSUS NV (SYNTHETIC EQUITY SWAP) | 4 586.00 | 27 648.71 | 0.04 |
| SEK | GOLDMAN SACHS/LUNDIN PETROLEUM (SYNTHETIC EQUITY SWAP) | 32 872.00 | -93 188.55 | -0.14 |
| EUR | GOLDMAN SACHS/KLEPIERRE (SYNTHETIC EQUITY SWAP) | -16 643.00 | 26 195.68 | 0.04 |
| JPY | GOLDMAN SACHS/DENTSU GROUP INC (SYNTHETIC EQUITY SWAP) | -17 993.00 | -101 376.07 | -0.15 |
| JPY | GOLDMAN SACHS/NIPPON TEL&TEL CP NPV (SYNTHETIC EQUITY SWAP) | 26 600.00 | 246.90 | 0.00 |
| EUR | GOLDMAN SACHS/POSTNL NV (SYNTHETIC EQUITY SWAP) | -44 919.00 | 11 567.05 | 0.02 |
| USD | GOLDMAN SACHS/TWITTER INC COM (SYNTHETIC EQUITY SWAP) | -6 714.00 | -15 375.06 | -0.02 |
| USD | GOLDMAN SACHS/DELL TECHNOLOGIES (SYNTHETIC EQUITY SWAP) | -7 179.00 | -49 894.05 | -0.08 |
| GBP | GOLDMAN SACHS/ROYAL MAIL PLC (SYNTHETIC EQUITY SWAP) | -195 766.00 | -19 604.07 | -0.03 |
| USD | GOLDMAN SACHS/KOHLS CORP COM (SYNTHETIC EQUITY SWAP) | -15 874.00 | -12 064.24 | -0.02 |
| HKD | GOLDMAN SACHS/CN UNICOM (SYNTHETIC EQUITY SWAP) | -598 000.00 | 40 118.69 | 0.06 |
| USD | GOLDMAN SACHS/MADISON SQUARE GAR CLASS A (SYNTHETIC EQUITY SWAP) | -1 377.00 | 950.13 | 0.00 |
| SEK | GOLDMAN SACHS/ELECTROLUX PROFESS SE (SYNTHETIC EQUITY SWAP) | -33 969.00 | -42 017.85 | -0.06 |
| USD | GOLDMAN SACHS/VIACOMCBS INC COM (SYNTHETIC EQUITY SWAP) | -12 326.00 | -60 397.40 | -0.09 |
| USD | GOLDMAN SACHS/COGENT COMMUNICATI COM (SYNTHETIC EQUITY SWAP) | -3 782.00 | 27 646.42 | 0.04 |
| USD | GOLDMAN SACHS/LULULEMON ATHLETIC COM STK (SYNTHETIC EQUITY SWAP) | -1 691.00 | -129 555.97 | -0.20 |
| USD | GOLDMAN SACHS/ZOOM VIDEO COMMUNI COM (SYNTHETIC EQUITY SWAP) | -3 822.00 | -169 352.82 | -0.26 |
| DKK | GOLDMAN SACHS/CARLSBERG SER’B’ (SYNTHETIC EQUITY SWAP) | 5 093.00 | 6 080.56 | 0.01 |
| USD | GOLDMAN SACHS/MADISON SQUARE G.E COM (SYNTHETIC EQUITY SWAP) | -1 377.00 | 4 778.19 | 0.01 |
| USD | GOLDMAN SACHS/PELOTON INTERACTIVE (SYNTHETIC EQUITY SWAP) | -1 729.00 | -18 483.01 | -0.03 |
| USD | GOLDMAN SACHS/NABORS INDS LTD COM (SYNTHETIC EQUITY SWAP) | -13 210.00 | -242 264.33 | -0.37 |
| USD | GOLDMAN SACHS/PHILIP MORRIS INTL COM (SYNTHETIC EQUITY SWAP) | -4 085.00 | 5 065.40 | 0.01 |
| USD | GOLDMAN SACHS/GROUPON INC COM (SYNTHETIC EQUITY SWAP) | -253 871.00 | -13 962.91 | -0.02 |
| EUR | GOLDMAN SACHS/STROEER SE NPV (SYNTHETIC EQUITY SWAP) | -4 747.00 | -38 546.38 | -0.06 |
| USD | GOLDMAN SACHS/ARISTA NETWORKS IN COM (SYNTHETIC EQUITY SWAP) | -828.00 | -19 796.40 | -0.03 |
| USD | GOLDMAN SACHS/LIVE NATION INC COM (SYNTHETIC EQUITY SWAP) | -10 869.00 | -104 634.78 | -0.16 |
| EUR | GOLDMAN SACHS/IMMOBEL NPV (SYNTHETIC EQUITY SWAP) | 8 370.00 | 1 135.87 | 0.00 |
| USD | GOLDMAN SACHS/WORLD WRESTLING ENTMT (SYNTHETIC EQUITY SWAP) | -7 305.00 | -33 882.05 | -0.05 |
| EUR | GOLDMAN SACHS/LAGARDERE SCA (SYNTHETIC EQUITY SWAP) | -18 083.00 | 32 414.71 | 0.05 |
| USD | GOLDMAN SACHS/U S SILICA HLDGS I COM (SYNTHETIC EQUITY SWAP) | -41 248.00 | 5 312.74 | 0.01 |
| USD | GOLDMAN SACHS/PATTERSON UTI ENERGY INC COM (SYNTHETIC EQUITY SWAP) | -30 664.00 | 14 865.91 | 0.02 |
| Total Synthetic Equity Swaps | -695 709.85 | -1.06 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market | -695 709.85 | -1.06 |
| Total Derivative instruments | -695 709.85 | -1.06 |
| Forward Foreign Exchange contracts |  |  |
| Forward Foreign Exchange contracts (Purchase/Sale) |  |  |

| GBP | 2 355 000.00 | USD | 2 891 970.62 | 15.6.2020 | 19 663.06 | 0.03 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 1 226 922.60 | TRY | 8 745 000.00 | 15.6.2020 | -51 264.99 | -0.08 |
| EUR | 6 353 800.00 | USD | 6 893 021.59 | 15.6.2020 | 176 374.81 | 0.27 |
| EUR | 4 275 000.00 | USD | 4 637 434.50 | 15.6.2020 | 119 037.16 | 0.18 |
| USD | 517 928.38 | GBP | 425 000.00 | 15.6.2020 | -7 525.68 | -0.01 |
| USD | 144 029.72 | EUR | 133 300.00 | 15.6.2020 | -4 283.19 | -0.01 |
| NOK | 32 190 000.00 | USD | 3 223 615.06 | 15.6.2020 | 88 389.33 | 0.14 |
| EUR | 43 000.00 | USD | 47 080.36 | 15.6.2020 | 762.51 | 0.00 |
| EUR | 214 800.00 | USD | 236 252.51 | 15.6.2020 | 2 739.33 | 0.01 |
| EUR | 30 900.00 | USD | 33 941.58 | 15.6.2020 | 438.53 | 0.00 |
| USD | 18 635.05 | EUR | 17 100.00 | 15.6.2020 | -390.84 | 0.00 |
| USD | 52 947.18 | EUR | 48 100.00 | 15.6.2020 | -570.08 | 0.00 |
| USD | 154 620.70 | EUR | 139 900.00 | 15.6.2020 | -1 035.53 | 0.00 |
| USD | 1 090 425.32 | GBP | 885 000.00 | 15.6.2020 | -3 755.49 | -0.01 |
| USD | 43 505.34 | EUR | 39 200.00 | 15.6.2020 | -109.56 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | 338 469.37 | 0.52 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 3 782 678.15* | 5.78 |
| Bank overdraft and other short-term liabilities | -330.61 | 0.00 |
| Other assets and liabilities | 730 499.49 | 1.11 |
| Total net assets | 65 434 843.59 | 100.00 |
| * As at 31 May 2020, cash amounts serves as collateral for the counterparty Goldman Sachs for an amount of USD 850 000.00. |  |  |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD) Annual report and audited financial statements as of 31 May 2020

Translation (ENDE, 2020-05-31):
# UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD)
| Dreijahresvergleich |  |
| --- | --- |
|  | ISIN | 31.5.2020 | 31.5.2019 | 31.5.2018 |
| Nettovermögen in USD |  | 65 434 843.59 | 59 744 560.53 | 153 360 213.31 |
| Klasse I-B-acc | LU1323608122 |  |  |  |
| Aktien im Umlauf |  | 178 908.5460 | 116 376.6610 | 95 128.5560 |
| Nettoinventarwert pro Aktie in USD |  | 141.72 | 124.73 | 119.50 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 141.72 | 124.73 | 119.50 |
| Klasse (EUR) I-B-acc | LU1776281823 |  |  |  |
| Aktien im Umlauf |  | 10 220.0000 | 28 569.0000 | 816 943.0000 |
| Nettoinventarwert pro Aktie in EUR |  | 126.74 | 111.34 | 102.14 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 126.74 | 111.34 | 102.14 |
| Klasse P-4%-mdist | LU1278831067 |  |  |  |
| Aktien im Umlauf |  | 8 617.6770 | 18 430.5070 | 20 512.4410 |
| Nettoinventarwert pro Aktie in USD |  | 113.61 | 106.07 | 107.88 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 113.61 | 106.07 | 107.88 |
| Klasse (EUR hedged) P-4%-mdist | LU1278831570 |  |  |  |
| Aktien im Umlauf |  | 6 100.9840 | 5 108.9310 | 5 164.0760 |
| Nettoinventarwert pro Aktie in EUR |  | 102.20 | 98.36 | 103.09 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 102.20 | 98.36 | 103.09 |
| Klasse P-acc | LU1278830929 |  |  |  |
| Aktien im Umlauf |  | 51 412.8950 | 61 912.3910 | 181 576.7940 |
| Nettoinventarwert pro Aktie in USD |  | 136.31 | 122.39 | 119.64 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 136.31 | 122.39 | 119.64 |
| Klasse (HKD) P-acc 2 | LU1278831737 |  |  |  |
| Aktien im Umlauf |  | - | - | 195.9450 |
| Nettoinventarwert pro Aktie in HKD |  | - | - | 1 209.88 |
| Ausgabe- und Rücknahmepreis pro Aktie in HKD 1 |  | - | - | 1 209.88 |
| Klasse (CHF hedged) P-acc 3 | LU1278831224 |  |  |  |
| Aktien im Umlauf |  | - | - | 3 250.9140 |
| Nettoinventarwert pro Aktie in CHF |  | - | - | 113.01 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | - | - | 113.01 |
| Klasse (EUR hedged) P-acc | LU1278831497 |  |  |  |
| Aktien im Umlauf |  | 19 431.6250 | 28 147.3500 | 31 734.0300 |
| Nettoinventarwert pro Aktie in EUR |  | 122.59 | 113.47 | 114.28 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 122.59 | 113.47 | 114.28 |
| Klasse (SGD hedged) P-acc 3 | LU1278831653 |  |  |  |
| Aktien im Umlauf |  | - | - | 14 405.3790 |
| Nettoinventarwert pro Aktie in SGD |  | - | - | 116.36 |
| Ausgabe- und Rücknahmepreis pro Aktie in SGD 1 |  | - | - | 116.36 |
| Klasse Q-acc | LU1294558454 |  |  |  |
| Aktien im Umlauf |  | 14 128.7450 | 30 170.1640 | 37 132.1820 |
| Nettoinventarwert pro Aktie in USD |  | 146.14 | 129.88 | 125.68 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 146.14 | 129.88 | 125.68 |
| Klasse (CHF hedged) Q-acc 3 | LU1294558611 |  |  |  |
| Aktien im Umlauf |  | - | - | 8 390.6280 |
| Nettoinventarwert pro Aktie in CHF |  | - | - | 118.66 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | - | - | 118.66 |
| Klasse (EUR hedged) Q-acc | LU1294558538 |  |  |  |
| Aktien im Umlauf |  | 27 026.7150 | 30 092.9800 | 34 095.8680 |
| Nettoinventarwert pro Aktie in EUR |  | 131.37 | 120.37 | 120.00 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 131.37 | 120.37 | 120.00 |
| Klasse U-X-acc | LU1278831141 |  |  |  |
| Aktien im Umlauf | 1 416.7210 | 1 518.8950 | 290.9740 |
| Nettoinventarwert pro Aktie in USD | 15 030.26 | 13 218.99 | 12 655.35 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 | 15 030.26 | 13 218.99 | 12 655.35 |
| 1  Siehe Erläuterung 1 2  Die Aktienklasse (HKD) P-acc war bis zum 19.2.2019 im Umlauf 3  Die Aktienklassen (CHF hedged) P-acc, (SGD hedged) P-acc und (CHF hedged) Q-acc waren bis zum 29.1.2019 im Umlauf |  |  |  |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
| Performance |  |
| --- | --- |
|  | Währung | 2019/2020 | 2018/2019 | 2017/2018 |
| Klasse I-B-acc | USD | 13.6% | 4.4% | 17.3% |
| Klasse (EUR) I-B-acc | EUR | 13.8% | 9.0% | - |
| Klasse P-4%-mdist | USD | 11.4% | 2.3% | 15.0% |
| Klasse (EUR hedged) P-4%-mdist | EUR | 8.0% | -0.7% | 12.1% |
| Klasse P-acc | USD | 11.4% | 2.3% | 15.0% |
| Klasse (HKD) P-acc 1 | HKD | - | - | 15.6% |
| Klasse (CHF hedged) P-acc 2 | CHF | - | - | 11.8% |
| Klasse (EUR hedged) P-acc | EUR | 8.0% | -0.7% | 12.1% |
| Klasse (SGD hedged) P-acc 2 | SGD | - | - | 14.0% |
| Klasse Q-acc | USD | 12.5% | 3.3% | 16.1% |
| Klasse (CHF hedged) Q-acc 2 | CHF | - | - | 13.0% |
| Klasse (EUR hedged) Q-acc | EUR | 9.1% | 0.3% | 13.3% |
| Klasse U-X-acc | USD | 13.7% | 4.5% | 17.4% |

1 
Die Aktienklasse (HKD) P-acc war bis zum 19.2.2019 im Umlauf. Auf Grund dessen liegen keine Daten für die Berechnung der Performance vor.
2 
Die Aktienklassen (CHF hedged) P-acc, (SGD hedged) P-acc und (CHF hedged) Q-acc waren bis zum 29.1.2019 im Umlauf. Auf Grund dessen liegen keine Daten für die Berechnung der Performance vor.
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
Im Rechnungsjahr vom 1. Juni 2019 bis zum 31. Mai 2020 rutschten globale Aktien durch die abrupte Verkaufswelle wegen der Covid-19-Pandemie in eine Baisse ab. Regier- ungen und Zentralbanken in aller Welt reagierten mit fiskal- und geldpolitischen Hilfs- und Stimulationsmass- nahmen, um das Wirtschaftswachstum zu stabilisieren und die Liquidität zu stärken. Im April gab es zwar Anzeichen einer Erholung, doch die Aussichten blieben unsicher und die Volatilität erhöht.
Der Subfonds erzielte im Rechnungsjahr eine positive Performance, die hauptsächlich von der Aktienauswahl im Bereich Nicht-Basiskonsumgüter getragen wurde. Der Fonds profitierte vom Engagement im IT-Sektor, doch die Short-Positionen in Immobilien und die Long-Positionen in Industrietiteln kamen der Wertentwicklung ebenfalls zugute. Die grösste Belastung ging vom Basiskonsumgü- tersektor aus, wo sowohl Long- als auch Short-Positionen negativ zu Buche schlugen. Unsere Positionen in den Bereichen Grundstoffe und Kommunikationsdienste waren ebenfalls nachteilig.
UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
Vereinigte Staaten	71.55
| China | 6.24 |
| --- | --- |
| Japan | 5.22 |
| Irland | 3.81 |
| Südkorea | 2.14 |
| Niederlande | 1.26 |
| Kanada | 0.67 |
| Südafrika | 0.66 |
| Norwegen | 0.62 |
| Grossbritannien | 0.57 |
| Australien | 0.48 |
| Deutschland | 0.21 |
| Bermuda | 0.13 |
| Argentinien | 0.09 |
| Total | 93.65 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Internet, Software & IT-Dienste | 25.13 |
| --- | --- |
| Banken & Kreditinstitute | 11.49 |
| Detailhandel, Warenhäuser | 7.95 |
| Finanz- & Beteiligungsgesellschaften | 7.24 |
| Pharmazeutik, Kosmetik & medizinische Produkte | 5.85 |
| Elektronik & Halbleiter | 5.72 |
| Energie- & Wasserversorgung | 4.02 |
| Diverse Dienstleistungen | 3.80 |
| Versicherungen | 3.34 |
| Nahrungsmittel & Softdrinks | 3.31 |
| Telekommunikation | 3.13 |
| Gesundheits- & Sozialwesen | 2.40 |
| Maschinen & Apparate | 2.10 |
| Chemie | 1.66 |
| Diverse Konsumgüter | 1.49 |
| Erdöl | 1.29 |
| Fahrzeuge | 1.03 |
| Edelmetalle und -steine | 0.99 |
| Grafisches Gewerbe, Verlage & Medien | 0.66 |
| Biotechnologie | 0.66 |
| Diverse nicht klassierte Gesellschaften | 0.26 |
| Verkehr & Transport | 0.13 |
| Total | 93.65 |


## Nettovermögensaufstellung
Aktiva	31.5.2020
USD
Wertpapierbestand, Einstandswert	52 637 676.49
Wertpapierbestand, nicht realisierte Werterhöhung (-minderung)		8 641 560.55	
Total Wertpapierbestand (Erläuterung 1)	61 279 237.04
Bankguthaben, Sicht- und Fristgelder	3 782 678.15*
Forderungen aus Wertpapierverkäufen (Erläuterung 1)	1 491 085.96
Forderungen aus Zeichnungen	15.26
Forderungen aus Dividenden	95 959.35
Sonstige Forderungen	65 409.32
Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1)	338 469.37
Total Aktiva	66 357 144.60
Passiva
Nicht realisierter Kursgewinn (-verlust) aus Synthetic Equity Swaps (Erläuterung 1)	-695 709.85
Kontokorrentkredit	-330.61
Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1)	-543 959.16
Verbindlichkeiten aus Rücknahmen	-354 778.70
Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2)	-11 882.48
Rückstellungen für Abonnementsabgabe (Erläuterung 3)	-2 185.16
Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2)		-9 164.90		 Total Rückstellungen für Aufwendungen			-23 232.54
Total Passiva	-922 301.01
Nettovermögen am Ende des Geschäftsjahres	65 434 843.59

## Ertrags- und Aufwandsrechnung
Erträge	1.6.2019-31.5.2020
USD
Zinsertrag aus liquiden Mitteln	77 331.25
Dividenden	541 081.74
Erträge aus Synthetic Equity Swaps (Erläuterung 1)	565 117.29
Erträge aus Securities Lending (Erläuterung 16)	22 613.78
Total Erträge	1 227 249.38
Aufwendungen
Sonstige Erträge (Erläuterung 4)	21 105.32
Aufwand aus Synthetic Equity Swaps (Erläuterung 1)	-608 045.47
Pauschale Verwaltungskommission (Erläuterung 2)	-352 386.04
Abonnementsabgabe (Erläuterung 3)	-14 043.80
Kosten aus Securities Lending (Erläuterung 16)	-9 045.51
Sonstige Kommissionen und Gebühren (Erläuterung 2)	-10 769.79
Nettoerträge (-verluste) aus Anlagen	227 152.77
Total Aufwendungen	-1 000 096.61
Zinsaufwand aus liquiden Mitteln und Kontokorrentkredit	-5 806.00
Realisierte Gewinne (Verluste) (Erläuterung 1)
Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen	2 162 550.72
Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten	-887 764.61
Realisierter Kursgewinn (-verlust) aus Synthetic Equity Swaps	1 538 746.68
Realisierter Nettogewinn (-verlust) des Geschäftsjahres	3 196 684.28
Total der realisierten Gewinne (Verluste)	2 969 531.51
Realisierter Währungsgewinn (-verlust)	155 998.72
Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1)
Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen	4 840 022.58
Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten	444 104.78
Total der Veränderungen der nicht realisierten Werterhöhung (-minderung)	4 019 085.80
Nicht realisierte Werterhöhung (-minderung) von Synthetic Equity Swaps	-1 265 041.56
Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit	7 215 770.08
* Zum 31. Mai 2020 wurden gegenüber Goldman Sachs Bankguthaben in Höhe von USD 850 000.00 als Sicherheit eingesetzt.
UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
| Veränderung des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-31.5.2020 |
| Nettovermögen zu Beginn des Geschäftsjahres | 59 744 560.53 |
| Zeichnungen | 28 013 534.82 |
| Rücknahmen | 	-29 449 198.72	 |
| Total Mittelzufluss (-abfluss) | -1 435 663.90 |
| Ausbezahlte Dividende | -89 823.12 |
| Nettoerträge (-verluste) aus Anlagen | 227 152.77 |
| Total der realisierten Gewinne (Verluste) | 2 969 531.51 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	4 019 085.80	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 7 215 770.08 |
| Nettovermögen am Ende des Geschäftsjahres | 65 434 843.59 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2019-31.5.2020 |
| Klasse | I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 116 376.6610 |
| Anzahl der ausgegebenen Aktien | 100 264.6390 |
| Anzahl der zurückgegebenen Aktien | -37 732.7540 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 178 908.5460 |
| Klasse | (EUR) I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 28 569.0000 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -18 349.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 10 220.0000 |
| Klasse | P-4%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 18 430.5070 |
| Anzahl der ausgegebenen Aktien | 21.8550 |
| Anzahl der zurückgegebenen Aktien | -9 834.6850 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 8 617.6770 |
| Klasse | (EUR hedged) P-4%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 5 108.9310 |
| Anzahl der ausgegebenen Aktien | 1 792.0940 |
| Anzahl der zurückgegebenen Aktien | -800.0410 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 6 100.9840 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 61 912.3910 |
| Anzahl der ausgegebenen Aktien | 2 138.8350 |
| Anzahl der zurückgegebenen Aktien | -12 638.3310 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 51 412.8950 |
| Klasse | (EUR hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 28 147.3500 |
| Anzahl der ausgegebenen Aktien | 1 633.1780 |
| Anzahl der zurückgegebenen Aktien | -10 348.9030 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 19 431.6250 |
| Klasse | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 30 170.1640 |
| Anzahl der ausgegebenen Aktien | 2 108.5040 |
| Anzahl der zurückgegebenen Aktien | -18 149.9230 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 14 128.7450 |
| Klasse | (EUR hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 30 092.9800 |
| Anzahl der ausgegebenen Aktien | 4 116.6010 |
| Anzahl der zurückgegebenen Aktien | -7 182.8660 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 27 026.7150 |
| Klasse | U-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 1 518.8950 |
| Anzahl der ausgegebenen Aktien | 1 022.8410 |
| Anzahl der zurückgegebenen Aktien | -1 125.0150 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 1 416.7210 |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
| Monatliche Ausschüttung 1 |  |
| --- | --- |
| UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD) | Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| P-4%-mdist | 11.6.2019 | 14.6.2019 | USD | 0.35 |
| P-4%-mdist | 10.7.2019 | 15.7.2019 | USD | 0.38 |
| P-4%-mdist | 12.8.2019 | 16.8.2019 | USD | 0.38 |
| P-4%-mdist | 10.9.2019 | 13.9.2019 | USD | 0.37 |
| P-4%-mdist | 10.10.2019 | 15.10.2019 | USD | 0.36 |
| P-4%-mdist | 11.11.2019 | 14.11.2019 | USD | 0.36 |
| P-4%-mdist | 10.12.2019 | 13.12.2019 | USD | 0.37 |
| P-4%-mdist | 10.1.2020 | 15.1.2020 | USD | 0.38 |
| P-4%-mdist | 10.2.2020 | 13.2.2020 | USD | 0.39 |
| P-4%-mdist | 10.3.2020 | 13.3.2020 | USD | 0.36 |
| P-4%-mdist | 14.4.2020 | 17.4.2020 | USD | 0.32 |
| P-4%-mdist | 11.5.2020 | 14.5.2020 | USD | 0.36 |
| (EUR hedged) P-4%-mdist | 11.6.2019 | 14.6.2019 | EUR | 0.32 |
| (EUR hedged) P-4%-mdist | 10.7.2019 | 15.7.2019 | EUR | 0.35 |
| (EUR hedged) P-4%-mdist | 12.8.2019 | 16.8.2019 | EUR | 0.35 |
| (EUR hedged) P-4%-mdist | 10.9.2019 | 13.9.2019 | EUR | 0.34 |
| (EUR hedged) P-4%-mdist | 10.10.2019 | 15.10.2019 | EUR | 0.33 |
| (EUR hedged) P-4%-mdist | 11.11.2019 | 14.11.2019 | EUR | 0.33 |
| (EUR hedged) P-4%-mdist | 10.12.2019 | 13.12.2019 | EUR | 0.34 |
| (EUR hedged) P-4%-mdist | 10.1.2020 | 15.1.2020 | EUR | 0.35 |
| (EUR hedged) P-4%-mdist | 10.2.2020 | 13.2.2020 | EUR | 0.35 |
| (EUR hedged) P-4%-mdist | 10.3.2020 | 13.3.2020 | EUR | 0.32 |
| (EUR hedged) P-4%-mdist | 14.4.2020 | 17.4.2020 | EUR | 0.29 |
| (EUR hedged) P-4%-mdist | 11.5.2020 | 14.5.2020 | EUR | 0.32 |
| 1  Siehe Erläuterung 5 |  |  |  |  |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (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 |  |  |  |
| Inhaberaktien |  |  |  |
| Argentinien |  |  |  |
| USD	GEOPARK LIMITED COM USD0.001 | 7 240.00 | 61 322.80 | 0.09 |
| Total Argentinien |  | 61 322.80 | 0.09 |
| Australien |  |  |  |
| AUD	NEWCREST MINING NPV | 15 406.00 | 312 726.46 | 0.48 |
| Total Australien |  | 312 726.46 | 0.48 |
| Bermuda |  |  |  |
| NOK	FRONTLINE LTD COM USD1 (POST REV SPLIT) | 9 628.00 | 86 373.32 | 0.13 |
| Total Bermuda |  | 86 373.32 | 0.13 |
| Kanada |  |  |  |
| CAD	IVANHOE MINES LTD COM NPV CL’A’ | 151 948.00 | 335 292.58 | 0.52 |
| CAD	MEG ENERGY CORP COM NPV | 42 833.00 | 99 164.81 | 0.15 |
| Total Kanada |  | 434 457.39 | 0.67 |
| China |  |  |  |
| HKD	CHINA MEIDONG AUTO HKD0.1 | 160 000.00 | 367 849.31 | 0.56 |
| HKD	WUXI BIOLOGICS (CA USD0.000025 | 27 500.00 | 432 137.79 | 0.66 |
| HKD	ZHONGSHENG GROUP H HKD0.0001 REG’S | 59 500.00 | 305 521.87 | 0.47 |
| Total China |  | 1 105 508.97 | 1.69 |
| Deutschland |  |  |  |
| EUR	SERVICEWARE SE NPV | 10 763.00 | 139 476.40 | 0.21 |
| Total Deutschland |  | 139 476.40 | 0.21 |
| Niederlande |  |  |  |
| EUR	SHOP APOTHEKE EURO NPV | 7 971.00 | 821 928.43 | 1.26 |
| Total Niederlande |  | 821 928.43 | 1.26 |
| Südkorea |  |  |  |
| KRW	NCSOFT CORPN KRW500 | 1 361.00 | 868 173.89 | 1.33 |
| KRW	SAMSUNG SDI KRW5000 | 1 831.00 | 530 767.47 | 0.81 |
| Total Südkorea |  | 1 398 941.36 | 2.14 |
| Grossbritannien |  |  |  |
| USD	WILLIS TOWERS WATS COM USD0.000304635 | 1 848.00 | 374 959.20 | 0.57 |
| Total Grossbritannien |  | 374 959.20 | 0.57 |
| Vereinigte Staaten |  |  |  |
| USD	ALPHABET INC CAP STK USD0.001 CL C | 1 787.00 | 2 553 480.04 | 3.90 |
| USD	COCA-COLA CO COM USD0.25 | 31 921.00 | 1 490 072.28 | 2.28 |
| USD	EDWARDS LIFESCIENCES CORP COM | 3 391.00 | 762 025.52 | 1.16 |
| USD	JP MORGAN CHASE & COM USD1 | 6 873.00 | 668 811.63 | 1.02 |
| USD	MARSH & MCLENNAN COM USD1 | 9 377.00 | 993 211.84 | 1.52 |
| USD	MOODYS CORP COM USD0.01 | 4 443.00 | 1 188 102.63 | 1.82 |
| USD	NEXTERA ENERGY INC COM USD0.01 | 7 162.00 | 1 830 320.72 | 2.80 |
| USD	PROGRESSIVE CP(OH) COM USD1 | 10 526.00 | 817 659.68 | 1.25 |
| USD	RESMED INC COM USD0.004 | 4 565.00 | 734 143.30 | 1.12 |
| USD	VEEVA SYSTEMS INC COM USD0.00001 CL ‘A’ | 4 309.00 | 943 110.83 | 1.44 |
| USD	VMWARE INC COM STK USD0.01 CLASS ‘A’ | 1 525.00 | 238 311.75 | 0.36 |
| USD	ZOETIS INC COM USD0.01 CL ‘A’ | 8 249.00 | 1 149 828.11 | 1.76 |
| Total Vereinigte Staaten |  | 13 369 078.33 | 20.43 |
| Total Inhaberaktien |  | 18 104 772.66 | 27.67 |
| Namensaktien |  |  |  |
| China |  |  |  |
| CNY	CONTEMPORARY AMPER A CNY1	22 369.00 | 455 575.54 | 0.70 |
| Total China | 455 575.54 | 0.70 |
| Irland |  |  |  |  |
| USD | ACCENTURE PLC SHS CL A ‘NEW’ | 6 501.00 | 1 310 731.62 | 2.00 |
| USD | MEDTRONIC PLC USD0.0001 | 12 000.00 | 1 182 960.00 | 1.81 |
| Total Irland | 2 493 691.62 | 3.81 |
| Japan |  |  |  |  |
| JPY | NOMURA RESEARCH IN NPV | 43 600.00 | 1 152 576.24 | 1.76 |
| JPY | SOFTBANK GROUP CO NPV | 27 100.00 | 1 215 456.45 | 1.86 |
| JPY | SONY CORP NPV | 16 400.00 | 1 046 397.19 | 1.60 |
| Total Japan |  | 3 414 429.88 | 5.22 |
| Norwegen |  |  |  |
| NOK	PEXIP HOLDING ASA NOK0.015 | 45 314.00 | 407 260.28 | 0.62 |
| Total Norwegen |  | 407 260.28 | 0.62 |

UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (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) |  |
| Vereinigte Staaten |  |  |  |
| USD	ADOBE INC COM USD0.0001 | 6 190.00 | 2 393 054.00 | 3.66 |
| USD	AIR PRODS & CHEMS COM USD1 | 4 506.00 | 1 088 874.90 | 1.66 |
| USD	AMAZON COM INC COM USD0.01 | 1 120.00 | 2 735 454.40 | 4.18 |
| USD	AMER EXPRESS CO COM USD0.20 | 8 443.00 | 802 676.01 | 1.23 |
| USD	APACHE CORP COM USD0.625 | 10 900.00 | 117 611.00 | 0.18 |
| USD	BEST BUY CO INC COM USD0.10 | 5 503.00 | 429 729.27 | 0.66 |
| USD	CHARTER COMMUN INC COM USD0.001 CLASS ‘A’ | 2 436.00 | 1 325 184.00 | 2.02 |
| USD	DANAHER CORP COM USD0.01 | 5 502.00 | 916 688.22 | 1.40 |
| USD	DOLLAR TREE INC | 5 676.00 | 555 510.12 | 0.85 |
| USD	EVERSOURCE ENERGY COM USD5 | 9 527.00 | 797 409.90 | 1.22 |
| USD	GLOBAL PAYMENTS COM NPV | 6 762.00 | 1 213 711.38 | 1.85 |
| USD	GOLDMAN SACHS GRP COM USD0.01 | 3 365.00 | 661 188.85 | 1.01 |
| USD	HESS CORPORATION COM USD1 | 13 276.00 | 630 211.72 | 0.96 |
| USD	HOME DEPOT INC COM USD0.05 | 3 940.00 | 979 011.20 | 1.50 |
| USD	INTEL CORP COM USD0.001 | 5 265.00 | 331 326.45 | 0.51 |
| USD	LOWE’S COS INC COM USD0.50 | 8 106.00 | 1 056 617.10 | 1.61 |
| USD	MASTERCARD INC COM USD0.0001 CLASS ‘A’ | 10 782.00 | 3 244 195.98 | 4.96 |
| USD	MICROSOFT CORP COM USD0.0000125 | 26 981.00 | 4 944 268.25 | 7.56 |
| USD	MONDELEZ INTL INC COM USD0.01 | 12 993.00 | 677 195.16 | 1.03 |
| USD	PAYPAL HOLDINGS IN COM USD0.0001 | 13 622.00 | 2 111 546.22 | 3.23 |
| USD	PROCTER & GAMBLE COM NPV | 8 396.00 | 973 264.32 | 1.49 |
| USD	THERMO FISHER SCIE COM USD1 | 5 249.00 | 1 832 898.31 | 2.80 |
| USD	UNITEDHEALTH GRP COM USD0.01 | 3 865.00 | 1 178 245.25 | 1.80 |
| USD	VIACOMCBS INC COM USD0.001 CL B | 15 059.00 | 312 323.66 | 0.48 |
| USD	VISA INC COM STK USD0.0001 | 7 593.00 | 1 482 457.32 | 2.26 |
| USD	VOYA FINL INC COM USD0.01 | 14 644.00 | 659 712.20 | 1.01 |
| Total Vereinigte Staaten |  | 33 450 365.19 | 51.12 |
| Total Namensaktien |  | 40 221 322.51 | 61.47 |
| Depository Receipts |  |  |  |
| China |  |  |  |
| USD	ALIBABA GROUP HLDG SPON ADS EACH REP ONE | 5 683.00 | 1 178 597.37 | 1.80 |
| USD	BAIDU INC ADS EACH REPR 10 ORD CLS’A | 7 350.00 | 783 142.50 | 1.20 |
| USD	NEW ORIENTAL ED & TECH GRP INC SPON ADR | 1 400.00 | 167 944.00 | 0.26 |
| USD	TAL EDUCATION GRP ADS EA REPR 2 CL A ORD | 6 900.00 | 389 574.00 | 0.59 |
| Total China |  | 2 519 257.87 | 3.85 |
| Südafrika |  |  |  |
| USD	NASPERS SPON ADR EACH REP 0.2 ORD | 13 200.00 | 433 884.00 | 0.66 |
| Total Südafrika |  | 433 884.00 | 0.66 |
| Total Depository Receipts |  | 2 953 141.87 | 4.51 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  | 61 279 237.04 | 93.65 |
| Total des Wertpapierbestandes |  | 61 279 237.04 | 93.65 |


## Derivative Instrumente
Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Synthetic Equity Swaps*
| SEK | GOLDMAN SACHS/SANDVIK AB NPV (SYNTHETIC EQUITY SWAP) | 52 547.00 | 25 664.39 | 0.04 |
| --- | --- | --- | --- | --- |
| EUR | GOLDMAN SACHS/SIEMENS AG (SYNTHETIC EQUITY SWAP) | 11 274.00 | -2 508.13 | 0.00 |
| GBP | GOLDMAN SACHS/WPP PLC (SYNTHETIC EQUITY SWAP) | -22 427.00 | 2 661.74 | 0.00 |
| USD | GOLDMAN SACHS/HUTCHISON PORT HL NPV(SYNTHETIC EQUITY SWAP) | -2 554 800.00 | 38 322.00 | 0.06 |
| GBP | GOLDMAN SACHS/ASTRAZENECA ORD (SYNTHETIC EQUITY SWAP) | 9 529.00 | 30 394.21 | 0.05 |
| USD | GOLDMAN SACHS/CATERPILLAR INC DEL CO (SYNTHETIC EQUITY SWAP) | -1 495.00 | -5 606.25 | -0.01 |
| USD | GOLDMAN SACHS/TRANSOCEAN LTD (SYNTHETIC EQUITY SWAP) | -124 190.00 | -3 230.10 | 0.00 |
| CHF | GOLDMAN SACHS/DUFRY AG(SYNTHETIC EQUITY SWAP) | -5 748.00 | 18 547.73 | 0.03 |
| CHF | GOLDMAN SACHS/NOVARTIS AG (SYNTHETIC EQUITY SWAP) | 10 463.00 | 8 386.08 | 0.01 |
| CHF | GOLDMAN SACHS/NESTLE SA(SYNTHETIC EQUITY SWAP) | 6 580.00 | 13 424.38 | 0.02 |
| DKK | GOLDMAN SACHS/NOVO-NORDISK AS(SYNTHETIC EQUITY SWAP) | 17 984.00 | 5 233.60 | 0.01 |
| GBP | GOLDMAN SACHS/SOUTH32 LTD NPV(SYNTHETIC EQUITY SWAP) | -55 996.00 | 27.69 | 0.00 |
| EUR | GOLDMAN SACHS/SAMPO OYJ SER’A’ (SYNTHETIC EQUITY SWAP) | 48 631.00 | 101 698.02 | 0.15 |
| EUR | GOLDMAN SACHS/MONCLER SPA NPV (SYNTHETIC EQUITY SWAP) | 14 902.00 | -14 089.80 | -0.02 |
| EUR | GOLDMAN SACHS/VARTA AG (SYNTHETIC EQUITY SWAP) | 2 163.00 | 39 458.61 | 0.06 |
| JPY | GOLDMAN SACHS/HITACHI NPV(SYNTHETIC EQUITY SWAP) | 16 400.00 | 32 576.23 | 0.05 |
| USD | GOLDMAN SACHS/SNAP-ON INC COM (SYNTHETIC EQUITY SWAP) | -2 491.00 | 1 494.60 | 0.00 |
| USD | GOLDMAN SACHS/KRATOS DEFENSE (SYNTHETIC EQUITY SWAP) | -5 721.00 | -20 195.13 | -0.03 |
| EUR | GOLDMAN SACHS/EIFFAGE (SYNTHETIC EQUITY SWAP) | 5 790.00 | 47 015.70 | 0.07 |
| DKK | GOLDMAN SACHS/ISS A/S (SYNTHETIC EQUITY SWAP) | -14 199.00 | -20 660.57 | -0.03 |
| EUR | GOLDMAN SACHS/SCHNEIDER ELECTRIC (SYNTHETIC EQUITY SWAP) | 10 780.00 | 69 308.75 | 0.11 |
| USD | GOLDMAN SACHS/GTT COMMUNICATIONS COM (SYNTHETIC EQUITY SWAP) | -20 307.00 | 68 434.59 | 0.10 |
| HKD | GOLDMAN SACHS/CANVEST ENVIRONMENT(SYNTHETIC EQUITY SWAP) | -668 000.00 | 12 927.36 | 0.02 |
| USD | GOLDMAN SACHS/FRANKS INTERNATIONAL(SYNTHETIC EQUITY SWAP) | -33 963.00 | 6 113.34 | 0.01 |
| USD | GOLDMAN SACHS/MACY’S INC (SYNTHETIC EQUITY SWAP) | -34 917.00 | -30 255.84 | -0.05 |
| USD | GOLDMAN SACHS/HANESBRANDS INC COM (SYNTHETIC EQUITY SWAP) | -24 686.00 | 1 974.88 | 0.00 |
| USD | GOLDMAN SACHS/NEWOCEAN ENERGY HL (SYNTHETIC EQUITY SWAP) | -892 000.00 | 42 636.64 | 0.06 |
| USD | GOLDMAN SACHS/SAMSUNG HEAVY (SYNTHETIC EQUITY SWAP) | -41 517.00 | -15 378.91 | -0.02 |

* Nominal positiv: der Subfonds ist «Receiver», Nominal negativ: der Subfonds ist «Payer».
UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (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) |  |
|  |  |  |  |  |
| SEK | GOLDMAN SACHS/BILLERUDKORSNAS AB NPV (SYNTHETIC EQUITY SWAP) | -11 924.00 | -6 076.99 | -0.01 |
| HKD | GOLDMAN SACHS/361 DEGREES INTERN (SYNTHETIC EQUITY SWAP) | -905 000.00 | 17 513.87 | 0.03 |
| EUR | GOLDMAN SACHS/AIR LIQUIDE POST-SUB (SYNTHETIC EQUITY SWAP) | 6 715.00 | 38 741.52 | 0.06 |
| USD | GOLDMAN SACHS/AT&T INC COM (SYNTHETIC EQUITY SWAP) | -8 184.00 | -13 482.32 | -0.02 |
| USD | GOLDMAN SACHS/MACERICH CO COM (SYNTHETIC EQUITY SWAP) | -19 800.00 | 13 068.00 | 0.02 |
| USD | GOLDMAN SACHS/WAYFAIR INC COM(SYNTHETIC EQUITY SWAP) | -7 661.00 | -363 974.11 | -0.56 |
| CHF | GOLDMAN SACHS/ROCHE HLDGS AG GENUSSCHEINE NPV (SYNTHETIC EQUITY SWAP) | 3 358.00 | -60 636.24 | -0.09 |
| USD | GOLDMAN SACHS/IQIYI INC SPON EACH AD (SYNTHETIC EQUITY SWAP) | -9 700.00 | 3 686.00 | 0.01 |
| GBP | GOLDMAN SACHS/UNILEVER PLC (SYNTHETIC EQUITY SWAP) | 28 924.00 | 82 245.10 | 0.13 |
| EUR | GOLDMAN SACHS/KNORR BREMSE (SYNTHETIC EQUITY SWAP) | -3 113.00 | -35 735.53 | -0.05 |
| USD | GOLDMAN SACHS/WILEY(JOHN) & SONS CLASS’A’COM (SYNTHETIC EQUITY SWAP) | -4 572.00 | -12 115.80 | -0.02 |
| EUR | GOLDMAN SACH/KONINKLIJKE PHILIPS (SYNTHETIC EQUITY SWAP) | 21 488.00 | 25 694.84 | 0.04 |
| GBP | GOLDMAN SACHS/SOFTCAT PLC ORD (SYNTHETIC EQUITY SWAP) | 41 103.00 | 8 130.50 | 0.01 |
| DKK | GOLDMAN SACHS/H.LUNDBECK (SYNTHETIC EQUITY SWAP) | -4 039.00 | -5 605.79 | -0.01 |
| EUR | GOLDMAN SACHS/ASML HOLDING NV (SYNTHETIC EQUITY SWAP) | 3 809.00 | 94 483.79 | 0.14 |
| USD | GOLDMAN SACHS/8X8 INC NEW COM (SYNTHETIC EQUITY SWAP) | -24 397.00 | 59 040.74 | 0.09 |
| EUR | GOLDMAN SACHS/HAPAG-LLOYD AG (SYNTHETIC EQUITY SWAP) | -1 421.00 | 70 655.03 | 0.11 |
| USD | GOLDMAN SACHS/OMNICOM GROUP INC COM (SYNTHETIC EQUITY SWAP) | -4 802.00 | 10 756.48 | 0.02 |
| GBP | GOLDMAN SACHS/GREGGS ORD (SYNTHETIC EQUITY SWAP) | -9 595.00 | -1 897.97 | 0.00 |
| USD | GOLDMAN SACHS/CLOROX CO DEL COM (SYNTHETIC EQUITY SWAP) | -5 053.00 | -100 099.93 | -0.15 |
| USD | GOLDMAN SACHS/CHEWY INC (SYNTHETIC EQUITY SWAP) | -9 291.00 | -11 149.20 | -0.02 |
| EUR | GOLDMAN SACHS/LEGRAND SA (SYNTHETIC EQUITY SWAP) | 14 664.00 | -3 588.53 | -0.02 |
| USD | GOLDMAN SACHS/LIBERTY GLOBAL (SYNTHETIC EQUITY SWAP) | -26 800.00 | -62 176.00 | -0.11 |
| HKD | GOLDMAN SACHS/PETROCHINA CO (SYNTHETIC EQUITY SWAP) | -1 024 000.00 | 17 174.56 | 0.03 |
| USD | GOLDMAN SACHS/BLACKBAUD INC COM (SYNTHETIC EQUITY SWAP) | -2 745.00 | -9 195.75 | -0.01 |
| EUR | GOLDMAN SACHS/UNIBAIL-RODAMCO-WE NPV (SYNTHETIC EQUITY SWAP) | -1 677.00 | 11 229.77 | 0.02 |
| USD | GOLDMAN SACHS/ASCENA RETAIL GRP COM (SYNTHETIC EQUITY SWAP) | -19 863.00 | -4 369.86 | -0.01 |
| USD | GOLDMAN SACHS/AMER EAGLE OUTFITT COM (SYNTHETIC EQUITY SWAP) | -29 529.00 | -35 730.09 | -0.05 |
| EUR | GOLDMAN SACHS/CRH ORD (SYNTHETIC EQUITY SWAP) | 28 065.00 | 58 825.63 | 0.09 |
| GBP | GOLDMAN SACHS/PETROFAC ORD (SYNTHETIC EQUITY SWAP) | -58 919.00 | 18 865.96 | 0.03 |
| GBP | GOLDMAN SACHS/DOMINO’S PIZZA GRP ORD (SYNTHETIC EQUITY SWAP) | -35 982.00 | -6 850.62 | -0.01 |
| USD | GOLDMANSACHS/FAR EASTONE TELECO (SYNTHETIC EQUITY SWAP) | -181 000.00 | 12 856.26 | 0.02 |
| EUR | GOLDMAN SACHS/PROSUS NV (SYNTHETIC EQUITY SWAP) | 4 586.00 | 27 648.71 | 0.04 |
| SEK | GOLDMAN SACHS/LUNDIN PETROLEUM (SYNTHETIC EQUITY SWAP) | 32 872.00 | -93 188.55 | -0.14 |
| EUR | GOLDMAN SACHS/KLEPIERRE (SYNTHETIC EQUITY SWAP) | -16 643.00 | 26 195.68 | 0.04 |
| JPY | GOLDMAN SACHS/DENTSU GROUP INC (SYNTHETIC EQUITY SWAP) | -17 993.00 | -101 376.07 | -0.15 |
| JPY | GOLDMAN SACHS/NIPPON TEL&TEL CP NPV (SYNTHETIC EQUITY SWAP) | 26 600.00 | 246.90 | 0.00 |
| EUR | GOLDMAN SACHS/POSTNL NV (SYNTHETIC EQUITY SWAP) | -44 919.00 | 11 567.05 | 0.02 |
| USD | GOLDMAN SACHS/TWITTER INC COM (SYNTHETIC EQUITY SWAP) | -6 714.00 | -15 375.06 | -0.02 |
| USD | GOLDMAN SACHS/DELL TECHNOLOGIES (SYNTHETIC EQUITY SWAP) | -7 179.00 | -49 894.05 | -0.08 |
| GBP | GOLDMAN SACHS/ROYAL MAIL PLC (SYNTHETIC EQUITY SWAP) | -195 766.00 | -19 604.07 | -0.03 |
| USD | GOLDMAN SACHS/KOHLS CORP COM (SYNTHETIC EQUITY SWAP) | -15 874.00 | -12 064.24 | -0.02 |
| HKD | GOLDMAN SACHS/CN UNICOM (SYNTHETIC EQUITY SWAP) | -598 000.00 | 40 118.69 | 0.06 |
| USD | GOLDMAN SACHS/MADISON SQUARE GAR CLASS A (SYNTHETIC EQUITY SWAP) | -1 377.00 | 950.13 | 0.00 |
| SEK | GOLDMAN SACHS/ELECTROLUX PROFESS SE (SYNTHETIC EQUITY SWAP) | -33 969.00 | -42 017.85 | -0.06 |
| USD | GOLDMAN SACHS/VIACOMCBS INC COM (SYNTHETIC EQUITY SWAP) | -12 326.00 | -60 397.40 | -0.09 |
| USD | GOLDMAN SACHS/COGENT COMMUNICATI COM (SYNTHETIC EQUITY SWAP) | -3 782.00 | 27 646.42 | 0.04 |
| USD | GOLDMAN SACHS/LULULEMON ATHLETIC COM STK (SYNTHETIC EQUITY SWAP) | -1 691.00 | -129 555.97 | -0.20 |
| USD | GOLDMAN SACHS/ZOOM VIDEO COMMUNI COM (SYNTHETIC EQUITY SWAP) | -3 822.00 | -169 352.82 | -0.26 |
| DKK | GOLDMAN SACHS/CARLSBERG SER’B’ (SYNTHETIC EQUITY SWAP) | 5 093.00 | 6 080.56 | 0.01 |
| USD | GOLDMAN SACHS/MADISON SQUARE G.E COM (SYNTHETIC EQUITY SWAP) | -1 377.00 | 4 778.19 | 0.01 |
| USD | GOLDMAN SACHS/PELOTON INTERACTIVE (SYNTHETIC EQUITY SWAP) | -1 729.00 | -18 483.01 | -0.03 |
| USD | GOLDMAN SACHS/NABORS INDS LTD COM (SYNTHETIC EQUITY SWAP) | -13 210.00 | -242 264.33 | -0.37 |
| USD | GOLDMAN SACHS/PHILIP MORRIS INTL COM (SYNTHETIC EQUITY SWAP) | -4 085.00 | 5 065.40 | 0.01 |
| USD | GOLDMAN SACHS/GROUPON INC COM (SYNTHETIC EQUITY SWAP) | -253 871.00 | -13 962.91 | -0.02 |
| EUR | GOLDMAN SACHS/STROEER SE NPV (SYNTHETIC EQUITY SWAP) | -4 747.00 | -38 546.38 | -0.06 |
| USD | GOLDMAN SACHS/ARISTA NETWORKS IN COM (SYNTHETIC EQUITY SWAP) | -828.00 | -19 796.40 | -0.03 |
| USD | GOLDMAN SACHS/LIVE NATION INC COM (SYNTHETIC EQUITY SWAP) | -10 869.00 | -104 634.78 | -0.16 |
| EUR | GOLDMAN SACHS/IMMOBEL NPV (SYNTHETIC EQUITY SWAP) | 8 370.00 | 1 135.87 | 0.00 |
| USD | GOLDMAN SACHS/WORLD WRESTLING ENTMT (SYNTHETIC EQUITY SWAP) | -7 305.00 | -33 882.05 | -0.05 |
| EUR | GOLDMAN SACHS/LAGARDERE SCA (SYNTHETIC EQUITY SWAP) | -18 083.00 | 32 414.71 | 0.05 |
| USD | GOLDMAN SACHS/U S SILICA HLDGS I COM (SYNTHETIC EQUITY SWAP) | -41 248.00 | 5 312.74 | 0.01 |
| USD | GOLDMAN SACHS/PATTERSON UTI ENERGY INC COM (SYNTHETIC EQUITY SWAP) | -30 664.00 | 14 865.91 | 0.02 |
| Total Synthetic Equity Swaps | -695 709.85 | -1.06 |
| Total Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden | -695 709.85 | -1.06 |
| Total Derivative Instrumente | -695 709.85 | -1.06 |
| Devisenterminkontrakte |  |  |
| Devisenterminkontrakte (Kauf/Verkauf) |  |  |

| GBP | 2 355 000.00 | USD | 2 891 970.62 | 15.6.2020 | 19 663.06 | 0.03 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 1 226 922.60 | TRY | 8 745 000.00 | 15.6.2020 | -51 264.99 | -0.08 |
| EUR | 6 353 800.00 | USD | 6 893 021.59 | 15.6.2020 | 176 374.81 | 0.27 |
| EUR | 4 275 000.00 | USD | 4 637 434.50 | 15.6.2020 | 119 037.16 | 0.18 |
| USD | 517 928.38 | GBP | 425 000.00 | 15.6.2020 | -7 525.68 | -0.01 |
| USD | 144 029.72 | EUR | 133 300.00 | 15.6.2020 | -4 283.19 | -0.01 |
| NOK | 32 190 000.00 | USD | 3 223 615.06 | 15.6.2020 | 88 389.33 | 0.14 |
| EUR | 43 000.00 | USD | 47 080.36 | 15.6.2020 | 762.51 | 0.00 |
| EUR | 214 800.00 | USD | 236 252.51 | 15.6.2020 | 2 739.33 | 0.01 |
| EUR | 30 900.00 | USD | 33 941.58 | 15.6.2020 | 438.53 | 0.00 |
| USD | 18 635.05 | EUR | 17 100.00 | 15.6.2020 | -390.84 | 0.00 |
| USD | 52 947.18 | EUR | 48 100.00 | 15.6.2020 | -570.08 | 0.00 |
| USD | 154 620.70 | EUR | 139 900.00 | 15.6.2020 | -1 035.53 | 0.00 |
| USD | 1 090 425.32 | GBP | 885 000.00 | 15.6.2020 | -3 755.49 | -0.01 |
| USD | 43 505.34 | EUR | 39 200.00 | 15.6.2020 | -109.56 | 0.00 |
| Total Devisenterminkontrakte (Kauf/Verkauf) | 338 469.37 | 0.52 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 3 782 678.15* | 5.78 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -330.61 | 0.00 |
| Andere Aktiva und Passiva | 730 499.49 | 1.11 |
| Total des Nettovermögens | 65 434 843.59 | 100.00 |
| * Zum 31. Mai 2020 wurden gegenüber Goldman Sachs Bankguthaben in Höhe von USD 850 000.00 als Sicherheit eingesetzt. |  |  |
| UBS (Lux) Equity SICAV – Global Opportunity Unconstrained (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020 |  |  |