# UBS (Lux) Strategy SICAV – Income (CHF)
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 31.5.2021 |  | 31.5.2020 | 31.5.2019 |
| Net assets in CHF |  | 104 354 827.10 |  | 82 257 623.49 | 102 171 516.65 |
| Class P-acc | LU0994951381 |  |  |  |  |
| Shares outstanding |  | 671 376.8210 |  | 451 753.2550 | 527 042.0760 |
| Net asset value per share in CHF |  | 108.73 |  | 101.73 | 104.38 |
| Issue and redemption price per share in CHF 1 |  | 108.73 |  | 101.73 | 104.38 |
| Class P-dist | LU0994669108 |  |  |  |  |
| Shares outstanding |  | 252 961.4590 |  | 309 841.5230 | 394 930.3790 |
| Net asset value per share in CHF |  | 102.02 |  | 96.52 | 100.21 |
| Issue and redemption price per share in CHF 1 |  | 102.02 |  | 96.52 | 100.21 |
| Class Q-acc | LU1240800968 |  |  |  |  |
| Shares outstanding |  | 31 733.5070 |  | 35 216.8830 | 42 301.7850 |
| Net asset value per share in CHF |  | 108.94 |  | 101.37 | 103.44 |
| Issue and redemption price per share in CHF 1 |  | 108.94 |  | 101.37 | 103.44 |
| Class Q-dist | LU1240801008 |  |  |  |  |
| Shares outstanding |  | 20 757.4970 |  | 29 581.3760 | 32 372.9400 |
| Net asset value per share in CHF |  | 100.60 |  | 95.47 | 99.12 |
| Issue and redemption price per share in CHF 1 |  | 100.60 |  | 95.47 | 99.12 |
| 1  See note 1 |  |  |  |  |  |
| Performance |  |  |  |  |  |
|  |  | Currency | 2020/2021 | 2019/2020 | 2018/2019 |
| Class P-acc |  | CHF | 6.9% | -2.5% | -0.3% |
| Class P-dist |  | CHF | 6.9% | -2.5% | -0.3% |
| Class Q-acc |  | CHF | 7.5% | -2.0% | 0.3% |
| Class Q-dist |  | CHF | 7.5% | -2.0% | 0.3% |

Historical performance is no indicator of current or future performance.
The performance data does not take account of any commissions and costs charged when subscribing and redeeming shares. The performance data were not audited.
The subfund has no benchmark.
UBS (Lux) Strategy SICAV – Income (CHF)
Annual report and audited financial statements as of 31 May 2021

## Report of the Portfolio Manager
The financial year from 1 June 2020 to 31 May 2021 was shaped by the pandemic recovery. Since the peak of the pandemic in the spring, the market narrative has been dominated by the transition to a “new normal,” driven by the forces of technological disruption, defi- cit spending, and further central bank action, pointing to an accommodative policy and shifting towards more flexible inflation targets. Risk assets, in particular growth equities, posted strong gains earlier in the financial year as a combination of lockdown measures being lifted in major economies, promising news on pharmaceutical developments to combat the coronavirus, and continued monetary and fiscal policy support boosted investor con- fidence. Later in the financial year, the economic recovery and rising yields favored value over growth stocks.
Within Fixed Income, after significant spread widening during the first months of the COVID-19 induced lock- downs, a supportive risk-on sentiment caused spreads to tighten over the majority of the financial year while nominal yields stayed anchored to lower levels due to continued policy support. Only later in the financial year, inflation concerns resurrected, spurring a steepening of the yield curve in response to the expectation of rising long-term yields.
Over the financial year, the subfund generated a positive performance. While benefitting from narrowing credit spreads earlier in the financial year, rising inflation con- cerns and subsequent steepening of yield curves reduced gains slightly later on in the financial year. However, the subfund’s allocation to equities benefitted from the risk- on sentiment and subsequently also contributed posi- tively to performance.

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
Luxembourg	61.26
United States	14.66
Switzerland	6.90
Ireland	4.00
Germany	1.43
South Korea	1.21
Canada	1.18
Supranationals	1.14
United Kingdom	1.13
Australia	0.92
France	0.74
The Netherlands	0.56
Austria	0.51
Spain	0.33
Denmark	0.32
Honduras	0.29
New Zealand	0.25
Norway	0.24
United Arab Emirates	0.22
Cayman Islands	0.21
Finland	0.20
Total	97.78
Philippines	0.08
Economic Breakdown as a % of net assets	
| Investment funds | 64.42 |
| --- | --- |
| Countries & central governments | 13.04 |
| Banks & credit institutions | 9.37 |
| Finance & holding companies | 2.97 |
| Supranational organisations | 2.25 |
| Mortgage & funding institutions | 2.22 |
| Cantons, federal states | 0.88 |
| Petroleum | 0.54 |
| Cities & municipal authorities | 0.46 |
| Miscellaneous services | 0.45 |
| Food & soft drinks | 0.29 |
| Telecommunications | 0.29 |
| Insurance | 0.27 |
| Retail trade, department stores | 0.15 |
| Computer hardware & network equipment providers | 0.09 |
| Mechanical engineering & industrial equipment | 0.05 |
| Public, non-profit institutions | 0.04 |
| Total | 97.78 |

UBS (Lux) Strategy SICAV – Income (CHF) Annual report and audited financial statements as of 31 May 2021

## Statement of Net Assets
Assets	31.5.2021
CHF
Investments in securities, cost	95 933 487.36
| Investments in securities, unrealized appreciation (depreciation) | 	6 105 426.02	 |
| --- | --- |
| Total investments in securities (Note 1) | 102 038 913.38 |
| Cash at banks, deposits on demand and deposit accounts | 178 951.48 |
| Other liquid assets (Margins) | 1 111 715.36 |
| Receivable on securities sales (Note 1) | 636 157.15 |
| Receivable on subscriptions | 22 973.35 |
| Interest receivable on securities | 117 103.68 |
| Other receivables | 101 599.87 |
| Unrealized gain on forward foreign exchange contracts (Note 1) | 714 655.11 |
| Total Assets | 104 922 069.38 |
|  |  |
| Liabilities |  |
| Unrealized loss on financial futures (Note 1) | -129 708.55 |
| Bank overdraft | -113 098.70 |
| Payable on securities purchases (Note 1) | -100 006.30 |
| Payable on redemptions | -30 515.77 |
| Provisions for flat fee (Note 2) | -167 589.00 |
| Provisions for taxe d’abonnement (Note 3) | -3 460.64 |
| Provisions for other commissions and fees (Note 2) | 	-22 863.32	 |
| Total provisions | -193 912.96 |
| Total Liabilities | -567 242.28 |
|  |  |
| Net assets at the end of the financial year | 104 354 827.10 |
| Statement of Operations | CHF |
| Income | 1.6.2020-31.5.2021 |
| Interest on liquid assets | 217.79 |
| Interest on securities | 408 410.44 |
| Interest received on swaps (Note 1) | 6 080.63 |
| Dividends | 204 461.02 |
| Income on securities lending (Note 15) | 15 225.68 |
| Other income (Note 4) | 22 724.55 |
| Total income | 657 120.11 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -1.68 |
| Cost on securities lending (Note 15) | -6 090.27 |
| Flat fee (Note 2) | -1 396 157.38 |
| Taxe d’abonnement (Note 3) | -20 660.04 |
| Other commissions and fees (Note 2) | -22 621.09 |
| Interest on cash and bank overdraft | -5 784.75 |
| Total expenses | -1 451 315.21 |
|  |  |
| Net income (loss) on investments | -794 195.10 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 2 502 283.73 |
| Realized gain (loss) on options | 457 084.31 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | -1 652.67 |
| Realized gain (loss) on financial futures | -397 915.15 |
| Realized gain (loss) on forward foreign exchange contracts | 2 348 995.52 |
| Realized gain (loss) on swaps | 29 818.43 |
| Realized gain (loss) on foreign exchange | -38 809.81 |
| Total realized gain (loss) | 4 899 804.36 |
|  |  |
| Net realized gain (loss) of the financial year | 4 105 609.26 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 2 698 328.74 |
| Unrealized appreciation (depreciation) on options | -87 016.65 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | -3 521.27 |
| Unrealized appreciation (depreciation) on financial futures | 177 991.85 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | 479 628.20 |
| Unrealized appreciation (depreciation) on swaps | -31 256.91 |
| Total changes in unrealized appreciation (depreciation) | 3 234 153.96 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 7 339 763.22 |

UBS (Lux) Strategy SICAV – Income (CHF)
Annual report and audited financial statements as of 31 May 2021
| Statement of Changes in Net Assets |  |
| --- | --- |
|  |  | CHF |
|  |  | 1.6.2020-31.5.2021 |
| Net assets at the beginning of the financial year |  | 82 257 623.49 |
| Subscriptions |  | 36 309 391.77 |
| Redemptions |  | 	-21 163 507.20	 |
| Total net subscriptions (redemptions) |  | 15 145 884.57 |
| Dividend paid |  | -388 444.18 |
| Net income (loss) on investments |  | -794 195.10 |
| Total realized gain (loss) |  | 4 899 804.36 |
| Total changes in unrealized appreciation (depreciation) |  | 	3 234 153.96	 |
| Net increase (decrease) in net assets as a result of operations |  | 7 339 763.22 |
| Net assets at the end of the financial year |  | 104 354 827.10 |
| Changes in the Number of Shares outstanding |  |  |
|  |  | 1.6.2020-31.5.2021 |
| Class |  | P-acc |
| Number of shares outstanding at the beginning of the financial year |  | 451 753.2550 |
| Number of shares issued |  | 333 735.1360 |
| Number of shares redeemed |  | -114 111.5700 |
| Number of shares outstanding at the end of the financial year |  | 671 376.8210 |
| Class |  | P-dist |
| Number of shares outstanding at the beginning of the financial year |  | 309 841.5230 |
| Number of shares issued |  | 7 361.6850 |
| Number of shares redeemed |  | -64 241.7490 |
| Number of shares outstanding at the end of the financial year |  | 252 961.4590 |
| Class |  | Q-acc |
| Number of shares outstanding at the beginning of the financial year |  | 35 216.8830 |
| Number of shares issued |  | 13 294.1150 |
| Number of shares redeemed |  | -16 777.4910 |
| Number of shares outstanding at the end of the financial year |  | 31 733.5070 |
| Class |  | Q-dist |
| Number of shares outstanding at the beginning of the financial year |  | 29 581.3760 |
| Number of shares issued |  | 0.0000 |
| Number of shares redeemed |  | -8 823.8790 |
| Number of shares outstanding at the end of the financial year |  | 20 757.4970 |
| Annual Distribution 1 |  |  |
| UBS (Lux) Strategy SICAV – Income (CHF)	Ex-Date | Pay-Date | Currency	Amount per share |
| P-dist	3.8.2020 | 6.8.2020 | CHF	1.09 |
| Q-dist	3.8.2020 | 6.8.2020 | CHF	1.92 |
| 1  See note 5 |  |  |

UBS (Lux) Strategy SICAV – Income (CHF) Annual report and audited financial statements as of 31 May 2021

## Statement of Investments in Securities and other Net Assets as of 31 May 2021
| Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange Notes, fixed rate |  |  |  |
| CHF |  |  |  |
| CHF	EUROPEAN INVESTMENT BANK 1.62500% 11-23.11.23 | 100 000.00 | 105 700.00 | 0.10 |
| CHF	EUROPEAN INVESTMENT BANK 1.62500% 14-04.02.25 | 100 000.00 | 108 250.00 | 0.10 |
| CHF	PFANDBRIEFBK SCHWEIZERI HYPO INST-REG-S 0.12500% 20-14.10.33 | 200 000.00 | 198 420.00 | 0.19 |
| CHF	SULZER AG 0.87500% 20-18.11.27 | 50 000.00 | 50 450.00 | 0.05 |
| CHF	VERIZON COMMUNICATIONS INC-REG-S 0.19250% 21-24.03.28 | 200 000.00 | 200 100.00 | 0.19 |
| Total CHF |  | 662 920.00 | 0.63 |
| Total Notes, fixed rate |  | 662 920.00 | 0.63 |
| Notes, zero coupon |  |  |  |
| CHF |  |  |  |
| CHF	CREDIT SUISSE SCHWEIZ AG-REG-S 0.00000% 20-31.07.25 | 350 000.00 | 354 025.00 | 0.34 |
| Total CHF |  | 354 025.00 | 0.34 |
| Total Notes, zero coupon |  | 354 025.00 | 0.34 |
| Notes, floating rate |  |  |  |
| CHF |  |  |  |
| CHF	HELVETIA SCHWEIZ VERSICHERUNGS-REG-S-SUB 1.750%/VAR 20-PRP | 75 000.00 | 75 862.50 | 0.07 |
| Total CHF |  | 75 862.50 | 0.07 |
| Total Notes, floating rate |  | 75 862.50 | 0.07 |
| Medium term notes, fixed rate |  |  |  |
| CHF |  |  |  |
| CHF	ADCB FINANCE CAYMAN LTD-REG-S 0.37500% 18-23.01.23 | 100 000.00 | 100 706.25 | 0.10 |
| CHF	ADCB FINANCE CAYMAN LTD 0.72500% 18-15.02.24 | 120 000.00 | 121 785.00 | 0.12 |
| CHF	ALBERTA, PROVINCE OF-REG-S 0.37500% 19-07.02.29 | 100 000.00 | 103 500.00 | 0.10 |
| CHF	AMP GROUP FINANCE SERVICES LTD-REG-S 0.80000% 19-18.07.23 | 240 000.00 | 238 200.00 | 0.23 |
| CHF	AMP GROUP FINANCE SERVICES LTD-REG-S 0.20310% 20-03.06.24 | 120 000.00 | 115 980.00 | 0.11 |
| CHF	AUCKLAND COUNCIL 1.12500% 13-07.02.24 | 250 000.00 | 261 375.00 | 0.25 |
| CHF	BANCO SANTANDER SA-REG-S 0.31000% 21-09.06.28 | 100 000.00 | 99 893.00 | 0.10 |
| CHF	BANK OF MONTREAL-REG-S 0.05000% 18-30.12.22 | 200 000.00 | 201 500.00 | 0.19 |
| CHF	BANK OF NOVA SCOTIA-REG-S 0.20000% 18-19.11.25 | 350 000.00 | 359 625.00 | 0.34 |
| CHF	BASELLANDSCHAFTLICHE KANTONALBANK 0.05000% 20-28.01.31 | 250 000.00 | 248 500.00 | 0.24 |
| CHF	BERLIN HYP AG 0.25000% 20-11.09.28 | 200 000.00 | 202 800.00 | 0.19 |
| CHF	BNZ INTERNATIONAL FUND LTD/LONDON-REG-S 0.11100% 20-24.07.28 | 150 000.00 | 150 825.00 | 0.14 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT 0.19400% 15-19.11.21 | 400 000.00 | 401 560.00 | 0.38 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT-REG-S 0.20000% 19-25.03.24 | 300 000.00 | 305 250.00 | 0.29 |
| CHF	CITIGROUP INC-REG-S 0.50000% 19-01.11.28 | 100 000.00 | 101 050.00 | 0.10 |
| CHF	CORPORACION ANDINA DE FOMENTO 0.50000% 15-26.02.26 | 450 000.00 | 458 100.00 | 0.44 |
| CHF	CREDIT AGRICOLE HOME LOAN SFH SA 0.25000% 15-18.06.26 | 100 000.00 | 102 900.00 | 0.10 |
| CHF	CREDIT AGRICOLE HOME LOAN SFH SA-REG-S 0.25000% 18-08.12.25 | 200 000.00 | 205 700.00 | 0.20 |
| CHF	CREDIT AGRICOLE HOME LOAN SFH SA-REG-S 0.50000% 18-03.10.28 | 100 000.00 | 104 600.00 | 0.10 |
| CHF	CREDIT SUISSE LONDON BRANCH-REG-S 1.00000% 14-24.09.21 | 100 000.00 | 100 420.00 | 0.10 |
| CHF	DANSKE BANK AS-REG-S 0.62500% 19-24.11.22 | 200 000.00 | 202 200.00 | 0.19 |
| CHF	DEUTSCHE BAHN FINANCE BV 1.37500% 13-24.07.23 | 100 000.00 | 104 350.00 | 0.10 |
| CHF	DEUTSCHE BAHN FINANCE GMBH-REG-S 0.50000% 18-18.07.28 | 310 000.00 | 323 909.70 | 0.31 |
| CHF	DNB BANK ASA-REG-S 0.05000% 19-13.03.24 | 250 000.00 | 252 500.00 | 0.24 |
| CHF	DVB BANK SE 0.57500% 15-17.06.22 | 300 000.00 | 302 580.00 | 0.29 |
| CHF	EUROPEAN INVESTMENT BANK 1.50000% 12-02.08.24 | 200 000.00 | 213 500.00 | 0.20 |
| CHF	EXPORT-IMPORT BANK OF KOREA-REG-S 0.25300% 18-06.03.23 | 100 000.00 | 101 500.00 | 0.10 |
| CHF	FIRST ABU DHABI BANK PJSC-REG-S 0.07000% 19-18.10.27 | 50 000.00 | 49 993.75 | 0.05 |
| CHF	FIRST ABU DHABI BANK PJSC-REG-S 0.20500% 19-04.12.25 | 175 000.00 | 176 837.50 | 0.17 |
| CHF	HYPO NOE GRUPPE BANK AG-REG-S 0.10000% 19-27.11.24 | 200 000.00 | 201 600.00 | 0.19 |
| CHF	INSTITUTO DE CREDITO OFICIAL 3.25000% 07-28.06.24 | 150 000.00 | 166 575.00 | 0.16 |
| CHF	JACKSON NATIONAL LIFE GLOBAL FUND-REG-S 0.30000% 18-18.12.23 | 100 000.00 | 101 250.00 | 0.10 |
| CHF	JACKSON NATIONAL LIFE GLOBAL FUND-REG-S 0.12500% 20-14.07.28 | 150 000.00 | 148 275.00 | 0.14 |
| CHF	JPMORGAN CHASE & CO 0.50000% 15-04.12.23 | 100 000.00 | 102 250.00 | 0.10 |
| CHF	KOMMUNEKREDIT 2.87500% 06-13.10.31 | 100 000.00 | 130 600.00 | 0.12 |
| CHF	KOREA DEVELOPMENT BANK-REG-S 0.44500% 20-08.05.25 | 150 000.00 | 154 561.88 | 0.15 |
| CHF	KOREA LAND & HOUSING CORP-REG-S 0.19250% 20-15.06.25 | 40 000.00 | 40 695.00 | 0.04 |
| CHF	KOREA NATIONAL OIL CORP-REG-S 0.37300% 18-01.06.23 | 300 000.00 | 305 250.00 | 0.29 |
| CHF	LAFARGEHOLCIM HELVETIA FINANCE-REG-S 1.05000% 20-11.04.22 | 150 000.00 | 151 935.00 | 0.15 |
| CHF	LUZERNER KANTONALBANK-REG-S 0.10000% 18-08.05.24 | 200 000.00 | 203 200.00 | 0.19 |
| CHF	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 1.00000% 14-19.09.22 | 100 000.00 | 101 950.00 | 0.10 |
| CHF	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 0.15000% 21-25.09.29 | 100 000.00 | 99 650.00 | 0.10 |
| CHF	MUENCHENER HYPOTHEKENBANK EG-REG-S 0.50000% 18-14.06.28 | 150 000.00 | 156 750.00 | 0.15 |
| CHF	MUENCHENER HYPOTHEKENBANK EG-REG-S 0.00100% 19-19.02.24 | 250 000.00 | 253 625.00 | 0.24 |
| CHF	MUENCHENER HYPOTHEKENBANK EG-REG-S 0.20000% 19-18.06.31 | 150 000.00 | 151 575.00 | 0.14 |
| CHF	MUNICIPALITY FINANCE PLC 0.87500% 13-01.02.23 | 200 000.00 | 205 100.00 | 0.20 |
| CHF	NATIONAL AUSTRALIA BANK LTD 0.25000% 18-13.03.24 | 350 000.00 | 355 775.00 | 0.34 |
| CHF	NATIONAL AUSTRALIA BANK LTD-REG-S 0.06500% 20-29.01.29 | 250 000.00 | 250 375.00 | 0.24 |
| CHF	NATIONWIDE BUILDING SOCIETY-REG-S 0.16750% 19-11.07.31 | 100 000.00 | 101 000.00 | 0.10 |
| CHF	NATWEST MARKETS PLC-REG-S 0.12500% 19-13.09.23 | 200 000.00 | 201 700.00 | 0.19 |
| CHF	NEDERLANDSE WATERSCHAPSBANK NV 2.37500% 06-27.01.23 | 100 000.00 | 105 000.00 | 0.10 |
| CHF	NEDERLANDSE WATERSCHAPSBANK NV 1.37500% 12-13.09.27 | 200 000.00 | 221 400.00 | 0.21 |
| CHF	NEW YORK LIFE GLOBAL FUNDING 0.37500% 15-02.02.22 | 50 000.00 | 50 360.00 | 0.05 |
| CHF	NEW YORK LIFE GLOBAL FUNDING-REG-S 0.12500% 21-23.07.30 | 100 000.00 | 99 600.00 | 0.10 |
| CHF	ONTARIO, PROVINCE OF 0.25000% 17-28.06.29 | 300 000.00 | 308 250.00 | 0.30 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 0.25000% 17-12.10.27 | 150 000.00 | 154 275.00 | 0.15 |
| CHF	PFANDBRIEFBK SCHWEIZER HYPO INST-REG-S 0.12500% 19-08.05.29 | 125 000.00 | 126 862.50 | 0.12 |
| CHF	RABOBANK NEDERLAND NV 2.00000% 10-16.09.21 | 150 000.00 | 151 170.00 | 0.14 |
| CHF	ROYAL BANK OF CANADA-REG-S 0.10000% 18-18.07.23 | 50 000.00 | 50 575.00 | 0.05 |
| CHF	SANTANDER CONSUMER FINANCE SA-REG-S 0.15000% 19-10.12.24 | 75 000.00 | 75 337.50 | 0.07 |

UBS (Lux) Strategy SICAV – Income (CHF)
Annual report and audited financial statements as of 31 May 2021
|  | Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| CHF | TOTAL CAPITAL INTERNATIONAL SA 0.50000% 15-01.06.27 | 350 000.00 | 361 200.00 | 0.35 |
| CHF | VERIZON COMMUNICATIONS INC-REG-S 0.37500% 17-31.05.23 | 100 000.00 | 101 300.00 | 0.10 |
| Total CHF |  |  | 11 100 662.08 | 10.64 |
| Total Medium term notes, fixed rate |  | 11 100 662.08 | 10.64 |
| Medium term notes, zero coupon |  |  |  |
| CHF |  |  |  |
| CHF	BANK OF THE PHILIPPINE ISLANDS-REG-S 0.00000% 19-24.09.21 | 80 000.00 | 79 815.00 | 0.08 |
| CHF	KOREA HYDRO & NUCLEAR POWER CO-REG-S 0.00000% 19-19.07.24 | 300 000.00 | 303 431.25 | 0.29 |
| CHF	NATIONWIDE BUILDING SOCIETY-REG-S 0.00000% 19-11.07.25 | 215 000.00 | 218 762.50 | 0.21 |
| Total CHF |  | 602 008.75 | 0.58 |
| Total Medium term notes, zero coupon |  | 602 008.75 | 0.58 |
| Bonds, fixed rate |  |  |  |
| CHF |  |  |  |
| CHF	APPLE INC-REG-S 0.37500% 15-25.11.24 | 95 000.00 | 97 660.00 | 0.09 |
| CHF	BASLER KANTONALBANK 0.15000% 19-02.04.27 | 200 000.00 | 203 900.00 | 0.19 |
| CHF	BASLER KANTONALBANK 0.12500% 20-10.09.32 | 75 000.00 | 74 512.50 | 0.07 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT 1.12500% 14-24.02.23 | 300 000.00 | 308 550.00 | 0.29 |
| CHF	COOP-GRUPPE GENOSSENSCHAFT-REG-S 0.75000% 20-05.05.23 | 150 000.00 | 153 150.00 | 0.15 |
| CHF	DEUTSCHE PFANDBRIEFBANK AG-REG-S 0.12500% 19-05.06.23 | 100 000.00 | 100 450.00 | 0.10 |
| CHF	EUROPEAN INVESTMENT BANK 2.62500% 10-11.02.25 | 200 000.00 | 223 700.00 | 0.21 |
| CHF	EUROPEAN INVESTMNT BANK 1.62500% 12-02.04.26 | 200 000.00 | 220 600.00 | 0.21 |
| CHF	FREIBURGER KANTONALBANK 0.14000% 20-12.06.30 | 350 000.00 | 352 100.00 | 0.34 |
| CHF	GENEVA, CANTON OF-REG-S 0.37500% 20-27.02.30 | 100 000.00 | 103 550.00 | 0.10 |
| CHF	GRAUBUENDNER KANTONALBANK 1.37500% 13-11.03.25 | 350 000.00 | 373 100.00 | 0.36 |
| CHF	KEB HANA BANK-REG-S 0.40750% 18-14.09.23 | 100 000.00 | 101 675.00 | 0.10 |
| CHF	KOREA NATIONAL OIL CORP-REG-S 0.87500 20-21.04.25 | 100 000.00 | 104 750.00 | 0.10 |
| CHF	MONDELEZ INTERNATIONAL INC-REG-S 0.61700% 17-30.09.24 | 250 000.00 | 255 375.00 | 0.24 |
| CHF	MONDELEZ INTL-REG-S 0.62500% 15-30.12.21 | 50 000.00 | 50 290.00 | 0.05 |
| CHF	NEW BRUNSWICK, PROVINCE OF 0.20000% 16-07.11.31 | 100 000.00 | 101 450.00 | 0.10 |
| CHF	NEW BRUNSWICK, PROVINCE OF 0.25000% 17-19.01.29 | 100 000.00 | 102 800.00 | 0.10 |
| CHF	OESTERREICHISCHE KONTROLLBANK AG 2.62500% 06-22.11.24 | 300 000.00 | 333 000.00 | 0.32 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 1.87500% 10-15.09.31 | 300 000.00 | 355 350.00 | 0.34 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 1.50000% 14-15.12.25 | 250 000.00 | 271 350.00 | 0.26 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONAL 0.25000% 16-11.02.28 | 150 000.00 | 154 290.00 | 0.15 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONALBANKEN 0.01000% 17-05.02.24 | 50 000.00 | 50 740.00 | 0.05 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONAL-REG-S 0.25000% 18-20.07.26 | 50 000.00 | 51 450.00 | 0.05 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONAL-REG-S 0.12500% 18-31.10.24 | 100 000.00 | 102 080.00 | 0.10 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONAL-REG-S 0.10000% 19-03.12.31 | 300 000.00 | 299 490.00 | 0.29 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONBK-REG-S 0.12500% 20-03.09.35 | 300 000.00 | 295 770.00 | 0.28 |
| CHF	RAIFFEISEN SCHWEIZ GENOSSENSCHAFT-REG-S 0.18250% 20-11.11.25 | 100 000.00 | 100 500.00 | 0.10 |
| CHF	ROCHE KAPITALMARKT AG 0.10000% 17-23.09.24 | 130 000.00 | 132 210.00 | 0.13 |
| CHF	SGS SA-REG-S 0.45000% 20-06.11.23 | 160 000.00 | 162 560.00 | 0.15 |
| CHF	UBS AG/LONDON-REG-S 0.17000% 20-13.05.22 | 400 000.00 | 403 000.00 | 0.39 |
| CHF	UBS GROUP AG-REG-S 0.62500% 17-18.05.24 | 400 000.00 | 406 800.00 | 0.39 |
| CHF	ZUERCHER KANTONALBANK 1.50000% 14-27.01.23 | 200 000.00 | 206 800.00 | 0.20 |
| CHF	ZUERCHER KANTONALBANK 0.04000% 15-09.12.22 | 200 000.00 | 201 800.00 | 0.19 |
| CHF	ZUERCHER KANTONALBANK 0.03000% 16-11.02.22 | 50 000.00 | 50 235.00 | 0.05 |
| CHF	ZUERICH, CITY OF-REG-S 2.75000% 05-14.02.25 | 200 000.00 | 224 100.00 | 0.21 |
| Total CHF |  | 6 729 137.50 | 6.45 |
| Total Bonds, fixed rate |  | 6 729 137.50 | 6.45 |
| Bonds, zero coupon |  |  |  |
| CHF |  |  |  |
| CHF	BALOISE HOLDING AG-REG-S 0.00000% 19-23.09.22 | 200 000.00 | 204 594.00 | 0.20 |
| CHF	BASEL-STADT, CANTON OF 0.00000% 16-05.09.23 | 100 000.00 | 101 300.00 | 0.10 |
| CHF	BASEL-STADT, CANTON OF 0.00000% 16-04.09.26 | 100 000.00 | 101 850.00 | 0.10 |
| CHF	BASLER KANTONALBANK-REG-S 0.00000% 18-11.04.22 | 150 000.00 | 150 825.00 | 0.14 |
| CHF	KOREA NATIONAL OIL CORP-REG-S 0.00000% 19-04.10.24 | 150 000.00 | 151 809.38 | 0.14 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO-REG-S 0.00000% 19-06.04.27 | 200 000.00 | 203 000.00 | 0.19 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONALBANKEN 0.00000% 16-27.01.27 | 50 000.00 | 50 765.00 | 0.05 |
| CHF	VALIANT BANK AG-REG-S 0.00000% 19-31.10.25 | 300 000.00 | 303 900.00 | 0.29 |
| CHF	WALLISER KANTONALBANK-REG-S 0.00000% 20-14.02.29 | 100 000.00 | 99 800.00 | 0.10 |
| CHF	ZUERCHER KANTONALBANK 0.00000% 21-21.01.33 | 100 000.00 | 97 850.00 | 0.09 |
| Total CHF |  | 1 465 693.38 | 1.40 |
| Total Bonds, zero coupon |  | 1 465 693.38 | 1.40 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 2 000 000.00 | 2 422 483.55 | 2.32 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 2 360 000.00 | 2 269 048.80 | 2.17 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.11.27 | 2 280 000.00 | 2 190 770.24 | 2.10 |
| USD	AMERICA, UNITED STATES OF 2.87500% 18-31.05.25 | 270 000.00 | 265 058.12 | 0.25 |
| USD	AMERICA, UNITED STATES OF 2.75000% 14-15.02.24 | 560 000.00 | 537 592.08 | 0.52 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 135 000.00 | 121 633.98 | 0.12 |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 270 000.00 | 246 713.49 | 0.24 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 265 000.00 | 244 872.45 | 0.23 |
| USD	AMERICA, UNITED STATES OF 2.12500% 15-15.05.25 | 1 725 000.00 | 1 646 824.92 | 1.58 |
| USD	AMERICA, UNITED STATES OF 1.75000% 19-15.11.29 | 1 258 000.00 | 1 158 120.05 | 1.11 |
| USD	AMERICA, UNITED STATES OF 0.25000% 20-31.07.25 | 455 000.00 | 403 194.06 | 0.39 |
| Total USD |  | 11 506 311.74 | 11.03 |
| Total Treasury notes, fixed rate |  | 11 506 311.74 | 11.03 |

UBS (Lux) Strategy SICAV – Income (CHF) Annual report and audited financial statements as of 31 May 2021
| Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 115 000.00 | 235 893.59 | 0.23 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 190 000.00 | 282 236.71 | 0.27 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 205 000.00 | 230 870.98 | 0.22 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 205 000.00 | 226 042.57 | 0.22 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 210 000.00 | 230 411.54 | 0.22 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 185 000.00 | 206 475.26 | 0.20 |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 200 000.00 | 219 177.49 | 0.21 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 20-15.01.30 | 240 000.00 | 244 418.58 | 0.23 |
| Total USD |  | 1 875 526.72 | 1.80 |
| Total Treasury notes, floating rate |  | 1 875 526.72 | 1.80 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 34 372 147.67 | 32.94 |
| 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	210 000.00 | 226 675.84 | 0.22 |
| Total USD | 226 675.84 | 0.22 |
| Total Treasury notes, floating rate | 226 675.84 | 0.22 |
| Total Transferable securities and money market instruments traded on another regulated market | 226 675.84 | 0.22 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 | December 2010 |  |  |
| Investment funds, open end |  |  |  |
| Ireland |  |  |  |
| USD	ISHARES MSCI USA ESG SCREENED UCITS ETF UNHEGDED USD-CAP | 1.00 | 7.36 | 0.00 |
| USD	ISHRS III PLC-MSCI WORLD SML CAP UCITS ETF-UNHDG USD-ACC | 315 354.00 | 2 080 305.90 | 1.99 |
| USD	XTRACKERS MSCI WORLD ENERGY UCITS ETF-1C-ACCUM | 81 654.00 | 2 092 912.46 | 2.01 |
| Total Ireland |  | 4 173 225.72 | 4.00 |
| Luxembourg |  |  |  |
| USD	LYXOR ETF WORLD FINANCIALS TR USD-C | 9 630.00 | 2 115 992.12 | 2.03 |
| EUR	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 13 580.00 | 2 121 749.83 | 2.03 |
| EUR	UBS (LUX) BOND SICAV - EUR CORP SUSTAINABLE (EUR) U-X-ACC | 748.00 | 10 413 705.70 | 9.98 |
| USD	UBS (LUX) BOND SICAV - SHORT TERM USD CORPORATES (USD) U-X-A | 295.00 | 3 040 114.18 | 2.91 |
| USD	UBS (LUX) BOND SICAV - USD CORPORATES U-X-ACC | 179.00 | 2 077 143.06 | 1.99 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC | 266.00 | 5 181 596.79 | 4.97 |
| USD	UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS | 32 775.00 | 3 341 126.85 | 3.20 |
| USD	UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC | 1 303.00 | 14 356 406.87 | 13.76 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND-GLOBAL BONDS (USD)-U-X ACC | 383.00 | 5 037 524.27 | 4.83 |
| USD	UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC | 163.00 | 2 227 058.27 | 2.13 |
| USD	UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC | 11.00 | 397 650.82 | 0.38 |
| CHF	UBS (LUX) EQUITY SICAV - SWISS OPP (CHF)-U-X-ACC | 49.00 | 510 733.37 | 0.49 |
| USD	UBS (LUX) EQUITY SICAV-GLOBAL QUANTITATIVE (USD) U-X-ACC | 123.39 | 2 195 720.17 | 2.10 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL OPPORTUNITY (USD) U-X-ACC | 199.00 | 2 183 166.32 | 2.09 |
| USD	UBS (LUX) INST FUND-KEY SEL. GLOBAL EQUITY FA-USD | 71.52 | 2 257 386.38 | 2.16 |
| USD	UBS (LUX) INSTITUTION SICAV-EQUITIES GLB (EX USA) PASSIVE XA | 7 298.00 | 830 408.49 | 0.80 |
| CHF	UBS ETF - MSCI SWITZERLAND 20/35 UCITS A-CAP | 186 307.00 | 4 766 664.60 | 4.57 |
| Total Luxembourg |  | 63 054 148.09 | 60.42 |
| Total Investment funds, open end |  | 67 227 373.81 | 64.42 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  | 67 227 373.81 | 64.42 |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Warrants on currencies |  |  |  |
| United States |  |  |  |
| USD	GOLDMAN SACHS FIN/EUR/USD PUT WARRANT 1.110000 21-17.09.21 | 28 700.00 | 69 690.63 | 0.07 |
| Total United States |  | 69 690.63 | 0.07 |
| Total Warrants on currencies |  | 69 690.63 | 0.07 |
| Options on indices, classic-styled |  |  |  |
| USD |  |  |  |
| USD	S&P 500 INDEX PUT 3400.00000 18.06.21 | -6.00 | -674.51 | 0.00 |
| USD	S&P 500 INDEX CALL 4375.00000 18.06.21 | -6.00 | -944.32 | 0.00 |
| USD	S&P 500 INDEX CALL 4000.00000 18.06.21 | 6.00 | 118 805.93 | 0.11 |
| USD	MSCI EM INDEX CALL 1375.00000 17.09.21 | 17.00 | 56 110.45 | 0.05 |
| USD	MSCI EM INDEX PUT 1200.00000 17.09.21 | -17.00 | -21 098.75 | -0.02 |
| USD	MSCI EM INDEX CALL 1500.00000 17.09.21 | -17.00 | -9 173.37 | -0.01 |
| Total USD |  | 143 025.43 | 0.13 |
| Total Options on indices, classic-styled |  | 143 025.43 | 0.13 |
| Total Derivative instruments listed on an official stock exchange |  | 212 716.06 | 0.20 |
| Total investments in securities |  | 102 038 913.38 | 97.78 |

UBS (Lux) Strategy SICAV – Income (CHF)
Annual report and audited financial statements as of 31 May 2021
| Description | Quantity/ Nominal | Valuation in CHF Unrealized gain (loss) on Futures/ Forward Exchange Contracts/ Swaps (Note 1) | as a % of net assets |
| --- | --- | --- | --- |
| Derivative instruments |  |  |  |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Financial Futures on bonds |  |  |  |
|  |  |  |  |
| USD	US 5YR TREASURY NOTE FUTURE 30.09.21 | -38.00 | -3 203.93 | 0.00 |
| Total Financial Futures on bonds |  | -3 203.93 | 0.00 |
| Financial Futures on Indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 18.06.21 | -65.00 | -177 611.32 | -0.17 |
| GBP	FTSE 100 INDEX FUTURE 18.06.21 | 19.00 | 68 740.97 | 0.06 |
| USD	S&P500 EMINI FUTURE 18.06.21 | -10.00 | -11 916.39 | -0.01 |
| AUD	SPI 200 INDEX FUTURES 17.06.21 | -2.00 | -14 201.29 | -0.01 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 10.06.21 | 6.00 | 27 951.83 | 0.03 |
| CAD	S&P/TSX 60 INDEX FUTURE 17.06.21 | -2.00 | -19 468.42 | -0.02 |
| Total Financial Futures on Indices |  | -126 504.62 | -0.12 |
| Total Derivative instruments listed on an official stock exchange |  | -129 708.55 | -0.12 |
| Total Derivative instruments |  | -129 708.55 | -0.12 |
| Forward Foreign Exchange contracts |  |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| CHF | 102 259.61 | DKK | 690 000.00 | 4.6.2021 | 245.96 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| GBP | 539 063.94 | CHF | 692 553.23 | 4.6.2021 | -3 418.21 | 0.00 |
| SGD | 445 000.00 | CHF | 305 349.17 | 4.6.2021 | -2 386.83 | 0.00 |
| CHF | 993 270.26 | JPY | 117 172 616.00 | 4.6.2021 | 29 998.80 | 0.03 |
| NOK | 2 775 602.56 | CHF | 302 432.42 | 4.6.2021 | -2 384.13 | 0.00 |
| CHF | 46 389.28 | SEK | 426 840.78 | 4.6.2021 | 96.09 | 0.00 |
| CHF | 15 802.83 | AUD | 22 114.01 | 4.6.2021 | 408.70 | 0.00 |
| CAD | 33 061.83 | CHF | 24 511.38 | 4.6.2021 | 100.20 | 0.00 |
| CHF | 7 119 447.99 | EUR | 6 459 070.67 | 4.6.2021 | 17 159.23 | 0.02 |
| CHF | 138 603.78 | HKD | 1 165 000.00 | 4.6.2021 | 3 611.43 | 0.00 |
| CHF | 27 569 489.47 | USD | 29 849 417.86 | 4.6.2021 | 725 161.85 | 0.69 |
| USD | 150 000.00 | CHF | 138 988.80 | 4.6.2021 | -4 090.05 | 0.00 |
| USD | 740 000.00 | CHF | 685 985.18 | 4.6.2021 | -20 484.68 | -0.02 |
| EUR | 138 000.00 | CHF | 152 733.29 | 4.6.2021 | -990.74 | 0.00 |
| EUR | 99 000.00 | CHF | 109 606.96 | 4.6.2021 | -748.17 | 0.00 |
| CHF | 331 826.41 | NOK | 3 055 000.00 | 4.6.2021 | 1 574.68 | 0.00 |
| JPY | 72 000 000.00 | CHF | 614 342.33 | 4.6.2021 | -22 433.17 | -0.02 |
| USD | 1 190 000.00 | CHF | 1 104 536.58 | 4.6.2021 | -34 339.83 | -0.03 |
| CHF | 178 065.60 | CAD | 240 000.00 | 4.6.2021 | -592.96 | 0.00 |
| CHF | 312 807.63 | AUD | 435 000.00 | 4.6.2021 | 9 993.03 | 0.01 |
| CHF | 67 607.45 | GBP | 52 500.00 | 4.6.2021 | 491.87 | 0.00 |
| IDR | 11 371 770 000.00 | USD | 782 156.27 | 11.6.2021 | 13 905.71 | 0.01 |
| INR | 57 870 000.00 | USD | 789 064.63 | 11.6.2021 | 6 710.67 | 0.01 |
| USD | 794 089.51 | TWD | 22 410 000.00 | 11.6.2021 | -17 821.63 | -0.02 |
| CHF | 66 389.58 | EUR | 60 000.00 | 4.6.2021 | 414.56 | 0.00 |
| CHF | 70 085.78 | USD | 75 000.00 | 4.6.2021 | 2 636.41 | 0.00 |
| JPY | 3 700 000.00 | CHF | 31 731.41 | 4.6.2021 | -1 313.86 | 0.00 |
| GBP | 20 000.00 | CHF | 25 616.28 | 4.6.2021 | -48.44 | 0.00 |
| CHF | 63 585.11 | EUR | 57 500.00 | 4.6.2021 | 359.05 | 0.00 |
| USD | 120 000.00 | CHF | 112 685.28 | 4.6.2021 | -4 766.28 | 0.00 |
| USD | 100 000.00 | CHF | 92 375.50 | 4.6.2021 | -2 443.00 | 0.00 |
| EUR | 47 000.00 | CHF | 51 689.14 | 4.6.2021 | -8.71 | 0.00 |
| USD | 160 000.00 | CHF | 147 395.68 | 4.6.2021 | -3 503.68 | 0.00 |
| EUR | 36 000.00 | CHF | 39 595.07 | 4.6.2021 | -10.06 | 0.00 |
| USD | 30 000.00 | CHF | 27 422.25 | 4.6.2021 | -442.50 | 0.00 |
| GBP | 13 000.00 | CHF | 16 589.04 | 4.6.2021 | 30.06 | 0.00 |
| EUR | 30 000.00 | CHF | 33 093.66 | 4.6.2021 | -106.15 | 0.00 |
| TWD | 22 410 000.00 | USD | 801 559.48 | 11.6.2021 | 11 151.31 | 0.01 |
| USD | 765 830.74 | INR | 57 870 000.00 | 11.6.2021 | -27 616.93 | -0.03 |
| USD | 778 408.52 | IDR | 11 371 770 000.00 | 11.6.2021 | -17 246.87 | -0.02 |
| CHF | 72 296.61 | GBP | 57 000.00 | 4.6.2021 | -571.73 | 0.00 |
| AUD | 490 000.00 | CHF | 346 721.65 | 4.6.2021 | -5 620.15 | -0.01 |
| CHF | 365 311.41 | SGD | 530 000.00 | 4.6.2021 | 4 479.85 | 0.00 |
| EUR | 51 000.00 | CHF | 56 355.40 | 4.6.2021 | -276.63 | 0.00 |
| CHF | 1 212 531.35 | USD | 1 325 000.00 | 4.6.2021 | 20 925.73 | 0.02 |
| USD | 60 000.00 | CHF | 54 827.70 | 4.6.2021 | -868.20 | 0.00 |
| CHF | 7 202 635.15 | EUR | 6 582 981.71 | 14.7.2021 | -34 058.09 | -0.03 |
| CHF | 51 053.48 | SEK | 472 473.77 | 14.7.2021 | -152.60 | 0.00 |
| CHF | 184 338.49 | AUD | 260 865.86 | 14.7.2021 | 2 899.45 | 0.00 |
| CHF | 342 577.62 | JPY | 41 457 058.00 | 14.7.2021 | 2 009.17 | 0.00 |
| CHF | 33 329.17 | NOK | 303 648.73 | 14.7.2021 | 535.84 | 0.00 |
| CHF | 136 168.79 | HKD | 1 175 000.00 | 14.7.2021 | 147.30 | 0.00 |
| NZD | 10 000.00 | CHF | 6 546.90 | 14.7.2021 | -7.27 | 0.00 |
| SGD | 85 000.00 | CHF | 57 647.94 | 14.7.2021 | 154.21 | 0.00 |
| GBP | 489 942.49 | CHF | 620 401.19 | 14.7.2021 | 5 313.50 | 0.00 |
| CHF | 101 511.21 | DKK | 690 000.00 | 14.7.2021 | -462.35 | 0.00 |
| CHF | 83 821.94 | CAD | 112 842.21 | 14.7.2021 | -86.27 | 0.00 |
| CHF | 25 589 549.12 | USD | 28 431 947.81 | 14.7.2021 | 46 608.71 | 0.04 |
| EUR | 90 000.00 | CHF | 98 747.73 | 4.6.2021 | 214.80 | 0.00 |
| EUR | 74 000.00 | CHF | 81 172.82 | 14.7.2021 | 175.62 | 0.00 |
| GBP | 50 000.00 | CHF | 63 775.60 | 4.6.2021 | 144.00 | 0.00 |
| GBP | 33 000.00 | CHF | 42 051.90 | 14.7.2021 | 93.02 | 0.00 |

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

Forward Foreign Exchange contracts (Continued)
Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date
| JPY | 3 150 000.00 | CHF | 26 124.10 | 14.7.2021 | -246.95 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 30 000.00 | CHF | 32 910.33 | 4.6.2021 | 77.18 | 0.00 |
| JPY | 3 150 000.00 | CHF | 26 142.19 | 4.6.2021 | -246.16 | 0.00 |
| EUR | 27 000.00 | CHF | 29 612.44 | 14.7.2021 | 68.75 | 0.00 |
| AUD | 15 000.00 | CHF | 10 497.62 | 14.7.2021 | -64.73 | 0.00 |
| CAD | 30 000.00 | CHF | 22 339.86 | 14.7.2021 | -32.20 | 0.00 |
| CAD | 40 000.00 | CHF | 29 816.40 | 4.6.2021 | -39.97 | 0.00 |
| AUD | 30 000.00 | CHF | 21 013.23 | 4.6.2021 | -129.46 | 0.00 |
| CHF | 15 886.43 | EUR | 14 500.00 | 14.7.2021 | -53.47 | 0.00 |
| CHF | 15 890.17 | EUR | 14 500.00 | 4.6.2021 | -53.79 | 0.00 |
| JPY | 1 900 000.00 | CHF | 15 701.18 | 4.6.2021 | -81.35 | 0.00 |
| USD | 16 000.00 | CHF | 14 433.60 | 14.7.2021 | -59.38 | 0.00 |
| USD | 30 000.00 | CHF | 27 091.14 | 4.6.2021 | -111.39 | 0.00 |
| JPY | 1 900 000.00 | CHF | 15 690.11 | 14.7.2021 | -81.67 | 0.00 |
| CHF | 60 177.65 | EUR | 55 000.00 | 14.7.2021 | -284.03 | 0.00 |
| CHF | 61 834.00 | JPY | 7 500 000.00 | 14.7.2021 | 221.73 | 0.00 |
| CHF | 60 192.44 | EUR | 55 000.00 | 4.6.2021 | -284.66 | 0.00 |
| CHF | 61 877.51 | JPY | 7 500 000.00 | 4.6.2021 | 220.31 | 0.00 |
| USD | 170 000.00 | CHF | 153 146.71 | 4.6.2021 | -261.46 | 0.00 |
| USD | 160 000.00 | CHF | 143 988.80 | 14.7.2021 | -246.61 | 0.00 |
| SGD | 1 540 000.00 | CHF | 1 038 184.98 | 14.7.2021 | 9 053.98 | 0.01 |
| SGD | 1 540 000.00 | CHF | 1 039 381.07 | 4.6.2021 | 9 072.88 | 0.01 |
| CHF | 152 471.96 | USD | 170 000.00 | 14.7.2021 | -254.12 | 0.00 |
| CHF | 152 630.35 | USD | 170 000.00 | 4.6.2021 | -254.90 | 0.00 |
| USD | 70 000.00 | CHF | 62 733.51 | 14.7.2021 | 153.70 | 0.00 |
| USD | 80 000.00 | CHF | 71 769.36 | 4.6.2021 | 176.64 | 0.00 |
| JPY | 4 450 000.00 | CHF | 36 592.77 | 14.7.2021 | -36.16 | 0.00 |
| JPY | 4 450 000.00 | CHF | 36 619.23 | 4.6.2021 | -35.96 | 0.00 |
| USD | 140 000.00 | CHF | 125 928.87 | 4.6.2021 | -23.37 | 0.00 |
| USD | 130 000.00 | CHF | 116 814.63 | 14.7.2021 | -24.10 | 0.00 |
| USD | 100 000.00 | CHF | 89 808.86 | 14.7.2021 | 30.01 | 0.00 |
| USD | 110 000.00 | CHF | 98 890.57 | 4.6.2021 | 35.18 | 0.00 |
| Total Forward Foreign Exchange contracts | 714 655.11 | 0.68 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 1 290 666.84 | 1.24 |
| Bank overdraft and other short-term liabilities | -113 098.70 | -0.11 |
| Other assets and liabilities | 553 399.02 | 0.53 |
| Total net assets | 104 354 827.10 | 100.00 |

UBS (Lux) Strategy SICAV – Income (CHF)
Annual report and audited financial statements as of 31 May 2021

Translation (ENDE, 2021-05-31):
# UBS (Lux) Strategy SICAV – Income (CHF)
| Dreijahresvergleich |  |
| --- | --- |
|  | ISIN | 31.5.2021 |  | 31.5.2020 | 31.5.2019 |
| Nettovermögen in CHF |  | 104 354 827.10 |  | 82 257 623.49 | 102 171 516.65 |
| Klasse P-acc | LU0994951381 |  |  |  |  |
| Aktien im Umlauf |  | 671 376.8210 |  | 451 753.2550 | 527 042.0760 |
| Nettoinventarwert pro Aktie in CHF |  | 108.73 |  | 101.73 | 104.38 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 108.73 |  | 101.73 | 104.38 |
| Klasse P-dist | LU0994669108 |  |  |  |  |
| Aktien im Umlauf |  | 252 961.4590 |  | 309 841.5230 | 394 930.3790 |
| Nettoinventarwert pro Aktie in CHF |  | 102.02 |  | 96.52 | 100.21 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 102.02 |  | 96.52 | 100.21 |
| Klasse Q-acc | LU1240800968 |  |  |  |  |
| Aktien im Umlauf |  | 31 733.5070 |  | 35 216.8830 | 42 301.7850 |
| Nettoinventarwert pro Aktie in CHF |  | 108.94 |  | 101.37 | 103.44 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 108.94 |  | 101.37 | 103.44 |
| Klasse Q-dist | LU1240801008 |  |  |  |  |
| Aktien im Umlauf |  | 20 757.4970 |  | 29 581.3760 | 32 372.9400 |
| Nettoinventarwert pro Aktie in CHF |  | 100.60 |  | 95.47 | 99.12 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 100.60 |  | 95.47 | 99.12 |
| 1  Siehe Erläuterung 1 |  |  |  |  |  |
| Performance |  |  |  |  |  |
|  |  | Währung | 2020/2021 | 2019/2020 | 2018/2019 |
| Klasse P-acc |  | CHF | 6.9% | -2.5% | -0.3% |
| Klasse P-dist |  | CHF | 6.9% | -2.5% | -0.3% |
| Klasse Q-acc |  | CHF | 7.5% | -2.0% | 0.3% |
| Klasse Q-dist |  | CHF | 7.5% | -2.0% | 0.3% |

Die historische Performance stellt keinen Indikator für die laufende oder zukünftige Performance dar.
Die Performancedaten lassen die bei der Ausgabe und Rücknahme der Aktien erhobenen Kommissionen und Kosten unberücksichtigt. Die Performancedaten sind ungeprüft.
Der Subfonds verfügt über keine Benchmark.
UBS (Lux) Strategy SICAV – Income (CHF) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021

## Bericht des Portfolio Managers
Das Rechnungsjahr vom 1. Juni 2020 bis zum 31. Mai 2021 war von der Erholung von der Pandemie geprägt. Seit dem Höhepunkt der Pandemie im Frühjahr wurde das Marktnarrativ vom Übergang hin zu einer «neuen Normalität» dominiert, der von den Kräften der tech- nologischen Disruption, der Defizitfinanzierung und weiteren Zentralbankmassnahmen vorangetrieben wird. Die Zentralbanken deuteten eine Fortsetzung der akkom- modierenden Geldpolitik und den Umstieg auf flexible Inflationsziele hin. Zu Beginn des Finanzjahres legten Risikoanlagen, insbesondere Wachstumsaktien, kräftig zu. Die Kombination aus der Aufhebung von Lockdown- Massnahmen in grossen Volkswirtschaften, vielverspre- chenden Meldungen über pharmazeutische Entwick- lungen bei der Bekämpfung des Coronavirus und der fortgesetzten geld- und fiskalpolitischen Unterstützung stärkte das Vertrauen der Anleger. Später im Rechnung- sjahr kamen die Konjunkturerholung und steigende Renditen Substanzwerten stärker zugute als Wachstum- saktien.
Im festverzinslichen Bereich führte die zunehmende Risikobereitschaft, die auf die signifikante Ausweitung der Risikoprämien (Spreads) in den ersten Monaten nach den Lockdowns wegen Covid-19 folgte, zu einer Veren- gung der Spreads im Grossteil des restlichen finanz- jahres, während die nominalen Renditen aufgrund der fortgesetzten geldpolitischen Unterstützung auf tieferen Niveaus verankert waren. Erst später im Rechnungsjahr kamen allmählich Bedenken über die Inflation auf. Dies führte zur Versteilerung der Renditekurve in Erwartung steigender langfristiger Renditen.
Im Rechnungsjahr erwirtschaftete der Subfonds eine posi- tive Performance. Während er zu Beginn des Rechnungs- jahres von der Verengung der Kreditspreads profitiert hatte, wurden die Gewinne später im Rechnungsjahr durch die zunehmenden Inflationsbedenken und die anschlie- ssende Versteilerung der Renditekurven etwas gemindert. Die Aktienallokation des Subfonds profitierte von der Risi- kobereitschaft und trug anschliessend ebenfalls positiv zur Wertentwicklung bei.

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
Luxemburg	61.26
Vereinigte Staaten	14.66
Schweiz	6.90
Irland	4.00
Deutschland	1.43
Südkorea	1.21
Kanada	1.18
Supranational	1.14
Grossbritannien	1.13
Australien	0.92
Frankreich	0.74
Niederlande	0.56
Österreich	0.51
Spanien	0.33
Dänemark	0.32
Honduras	0.29
Neuseeland	0.25
Norwegen	0.24
Vereinigte Arabische Emirate	0.22
Cayman-Inseln	0.21
Finnland	0.20
Total	97.78
Philippinen	0.08
Wirtschaftliche Aufteilung in % des Nettovermögens	
| Anlagefonds | 64.42 |
| --- | --- |
| Länder- & Zentralregierungen | 13.04 |
| Banken & Kreditinstitute | 9.37 |
| Finanz- & Beteiligungsgesellschaften | 2.97 |
| Supranationale Organisationen | 2.25 |
| Pfandbriefinstitute & Refinanzierungsgesellschaften | 2.22 |
| Kantone, Bundesstaaten | 0.88 |
| Erdöl | 0.54 |
| Städte, Gemeinden | 0.46 |
| Diverse Dienstleistungen | 0.45 |
| Nahrungsmittel & Softdrinks | 0.29 |
| Telekommunikation | 0.29 |
| Versicherungen | 0.27 |
| Detailhandel, Warenhäuser | 0.15 |
| Computer & Netzwerkausrüster | 0.09 |
| Maschinen & Apparate | 0.05 |
| Öffentlich-rechtliche Körperschaften | 0.04 |
| Total | 97.78 |

UBS (Lux) Strategy SICAV – Income (CHF)
Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021

## Nettovermögensaufstellung
Aktiva	31.5.2021
CHF
Wertpapierbestand, Einstandswert	95 933 487.36
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	6 105 426.02	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 102 038 913.38 |
| Bankguthaben, Sicht- und Fristgelder | 178 951.48 |
| Andere liquide Mittel (Margins) | 1 111 715.36 |
| Forderungen aus Wertpapierverkäufen (Erläuterung 1) | 636 157.15 |
| Forderungen aus Zeichnungen | 22 973.35 |
| Zinsforderungen aus Wertpapieren | 117 103.68 |
| Sonstige Forderungen | 101 599.87 |
| Nicht realisierter Kursgewinn aus Devisenterminkontrakten (Erläuterung 1) | 714 655.11 |
| Total Aktiva | 104 922 069.38 |
|  |  |
| Passiva |  |
| Nicht realisierter Kursverlust aus Finanzterminkontrakten (Erläuterung 1) | -129 708.55 |
| Kontokorrentkredit | -113 098.70 |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -100 006.30 |
| Verbindlichkeiten aus Rücknahmen | -30 515.77 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -167 589.00 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -3 460.64 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-22 863.32	 |
| Total Rückstellungen für Aufwendungen | -193 912.96 |
| Total Passiva | -567 242.28 |
|  |  |
| Nettovermögen am Ende des Geschäftsjahres | 104 354 827.10 |
| Ertrags- und Aufwandsrechnung | CHF |
| Erträge | 1.6.2020-31.5.2021 |
| Zinsertrag auf liquide Mittel | 217.79 |
| Zinsen auf Wertpapiere | 408 410.44 |
| Zinsertrag auf Swaps (Erläuterung 1) | 6 080.63 |
| Dividenden | 204 461.02 |
| Erträge aus Securities Lending (Erläuterung 15) | 15 225.68 |
| Sonstige Erträge (Erläuterung 4) | 22 724.55 |
| Total Erträge | 657 120.11 |
|  |  |
| Aufwendungen |  |
| Zinsaufwand auf Swaps (Erläuterung 1) | -1.68 |
| Kosten aus Securities Lending (Erläuterung 15) | -6 090.27 |
| Pauschale Verwaltungskommission (Erläuterung 2) | -1 396 157.38 |
| Abonnementsabgabe (Erläuterung 3) | -20 660.04 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -22 621.09 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -5 784.75 |
| Total Aufwendungen | -1 451 315.21 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | -794 195.10 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 2 502 283.73 |
| Realisierter Kursgewinn (-verlust) aus Optionen | 457 084.31 |
| Realisierter Kursgewinn (-verlust) aus renditebewerteten Wertpapieren und Geldmarktinstrumenten | -1 652.67 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | -397 915.15 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | 2 348 995.52 |
| Realisierter Kursgewinn (-verlust) aus Swaps | 29 818.43 |
| Realisierter Währungsgewinn (-verlust) | -38 809.81 |
| Total der realisierten Gewinne (Verluste) | 4 899 804.36 |
|  |  |
| Realisierter Nettogewinn (-verlust) des Geschäftsjahres | 4 105 609.26 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 2 698 328.74 |
| Nicht realisierte Werterhöhung (-minderung) von Optionen | -87 016.65 |
| Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente | -3 521.27 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | 177 991.85 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | 479 628.20 |
| Nicht realisierte Werterhöhung (-minderung) von Swaps | -31 256.91 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 3 234 153.96 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 7 339 763.22 |

UBS (Lux) Strategy SICAV – Income (CHF) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
| Veränderung des Nettovermögens |  |
| --- | --- |
|  |  | CHF |
|  |  | 1.6.2020-31.5.2021 |
| Nettovermögen zu Beginn des Geschäftsjahres |  | 82 257 623.49 |
| Zeichnungen |  | 36 309 391.77 |
| Rücknahmen |  | 	-21 163 507.20	 |
| Total Mittelzufluss (-abfluss) |  | 15 145 884.57 |
| Ausbezahlte Dividende |  | -388 444.18 |
| Nettoerträge (-verluste) aus Anlagen |  | -794 195.10 |
| Total der realisierten Gewinne (Verluste) |  | 4 899 804.36 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) |  | 	3 234 153.96	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit |  | 7 339 763.22 |
| Nettovermögen am Ende des Geschäftsjahres |  | 104 354 827.10 |
| Entwicklung der Aktien im Umlauf |  |  |
|  |  | 1.6.2020-31.5.2021 |
| Klasse |  | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  | 451 753.2550 |
| Anzahl der ausgegebenen Aktien |  | 333 735.1360 |
| Anzahl der zurückgegebenen Aktien |  | -114 111.5700 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  | 671 376.8210 |
| Klasse |  | P-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  | 309 841.5230 |
| Anzahl der ausgegebenen Aktien |  | 7 361.6850 |
| Anzahl der zurückgegebenen Aktien |  | -64 241.7490 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  | 252 961.4590 |
| Klasse |  | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  | 35 216.8830 |
| Anzahl der ausgegebenen Aktien |  | 13 294.1150 |
| Anzahl der zurückgegebenen Aktien |  | -16 777.4910 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  | 31 733.5070 |
| Klasse |  | Q-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  | 29 581.3760 |
| Anzahl der ausgegebenen Aktien |  | 0.0000 |
| Anzahl der zurückgegebenen Aktien |  | -8 823.8790 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  | 20 757.4970 |
| Jährliche Ausschüttung 1 |  |  |
| UBS (Lux) Strategy SICAV – Income (CHF)	Ex-Date | Pay-Date | Währung	Betrag pro Aktie |
| P-dist	3.8.2020 | 6.8.2020 | CHF	1.09 |
| Q-dist	3.8.2020 | 6.8.2020 | CHF	1.92 |
| 1  Siehe Erläuterung 5 |  |  |

UBS (Lux) Strategy SICAV – Income (CHF)
Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 31. Mai 2021
| Bezeichnung | Anzahl/ | Bewertung in CHF | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden Notes, fester Zins |  |  |  |
| CHF |  |  |  |
| CHF	EUROPEAN INVESTMENT BANK 1.62500% 11-23.11.23 | 100 000.00 | 105 700.00 | 0.10 |
| CHF	EUROPEAN INVESTMENT BANK 1.62500% 14-04.02.25 | 100 000.00 | 108 250.00 | 0.10 |
| CHF	PFANDBRIEFBK SCHWEIZERI HYPO INST-REG-S 0.12500% 20-14.10.33 | 200 000.00 | 198 420.00 | 0.19 |
| CHF	SULZER AG 0.87500% 20-18.11.27 | 50 000.00 | 50 450.00 | 0.05 |
| CHF	VERIZON COMMUNICATIONS INC-REG-S 0.19250% 21-24.03.28 | 200 000.00 | 200 100.00 | 0.19 |
| Total CHF |  | 662 920.00 | 0.63 |
| Total Notes, fester Zins |  | 662 920.00 | 0.63 |
| Notes, Nullcoupon |  |  |  |
| CHF |  |  |  |
| CHF	CREDIT SUISSE SCHWEIZ AG-REG-S 0.00000% 20-31.07.25 | 350 000.00 | 354 025.00 | 0.34 |
| Total CHF |  | 354 025.00 | 0.34 |
| Total Notes, Nullcoupon |  | 354 025.00 | 0.34 |
| Notes, variabler Zins |  |  |  |
| CHF |  |  |  |
| CHF	HELVETIA SCHWEIZ VERSICHERUNGS-REG-S-SUB 1.750%/VAR 20-PRP | 75 000.00 | 75 862.50 | 0.07 |
| Total CHF |  | 75 862.50 | 0.07 |
| Total Notes, variabler Zins |  | 75 862.50 | 0.07 |
| Medium-Term Notes, fester Zins |  |  |  |
| CHF |  |  |  |
| CHF	ADCB FINANCE CAYMAN LTD-REG-S 0.37500% 18-23.01.23 | 100 000.00 | 100 706.25 | 0.10 |
| CHF	ADCB FINANCE CAYMAN LTD 0.72500% 18-15.02.24 | 120 000.00 | 121 785.00 | 0.12 |
| CHF	ALBERTA, PROVINCE OF-REG-S 0.37500% 19-07.02.29 | 100 000.00 | 103 500.00 | 0.10 |
| CHF	AMP GROUP FINANCE SERVICES LTD-REG-S 0.80000% 19-18.07.23 | 240 000.00 | 238 200.00 | 0.23 |
| CHF	AMP GROUP FINANCE SERVICES LTD-REG-S 0.20310% 20-03.06.24 | 120 000.00 | 115 980.00 | 0.11 |
| CHF	AUCKLAND COUNCIL 1.12500% 13-07.02.24 | 250 000.00 | 261 375.00 | 0.25 |
| CHF	BANCO SANTANDER SA-REG-S 0.31000% 21-09.06.28 | 100 000.00 | 99 893.00 | 0.10 |
| CHF	BANK OF MONTREAL-REG-S 0.05000% 18-30.12.22 | 200 000.00 | 201 500.00 | 0.19 |
| CHF	BANK OF NOVA SCOTIA-REG-S 0.20000% 18-19.11.25 | 350 000.00 | 359 625.00 | 0.34 |
| CHF	BASELLANDSCHAFTLICHE KANTONALBANK 0.05000% 20-28.01.31 | 250 000.00 | 248 500.00 | 0.24 |
| CHF	BERLIN HYP AG 0.25000% 20-11.09.28 | 200 000.00 | 202 800.00 | 0.19 |
| CHF	BNZ INTERNATIONAL FUND LTD/LONDON-REG-S 0.11100% 20-24.07.28 | 150 000.00 | 150 825.00 | 0.14 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT 0.19400% 15-19.11.21 | 400 000.00 | 401 560.00 | 0.38 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT-REG-S 0.20000% 19-25.03.24 | 300 000.00 | 305 250.00 | 0.29 |
| CHF	CITIGROUP INC-REG-S 0.50000% 19-01.11.28 | 100 000.00 | 101 050.00 | 0.10 |
| CHF	CORPORACION ANDINA DE FOMENTO 0.50000% 15-26.02.26 | 450 000.00 | 458 100.00 | 0.44 |
| CHF	CREDIT AGRICOLE HOME LOAN SFH SA 0.25000% 15-18.06.26 | 100 000.00 | 102 900.00 | 0.10 |
| CHF	CREDIT AGRICOLE HOME LOAN SFH SA-REG-S 0.25000% 18-08.12.25 | 200 000.00 | 205 700.00 | 0.20 |
| CHF	CREDIT AGRICOLE HOME LOAN SFH SA-REG-S 0.50000% 18-03.10.28 | 100 000.00 | 104 600.00 | 0.10 |
| CHF	CREDIT SUISSE LONDON BRANCH-REG-S 1.00000% 14-24.09.21 | 100 000.00 | 100 420.00 | 0.10 |
| CHF	DANSKE BANK AS-REG-S 0.62500% 19-24.11.22 | 200 000.00 | 202 200.00 | 0.19 |
| CHF	DEUTSCHE BAHN FINANCE BV 1.37500% 13-24.07.23 | 100 000.00 | 104 350.00 | 0.10 |
| CHF	DEUTSCHE BAHN FINANCE GMBH-REG-S 0.50000% 18-18.07.28 | 310 000.00 | 323 909.70 | 0.31 |
| CHF	DNB BANK ASA-REG-S 0.05000% 19-13.03.24 | 250 000.00 | 252 500.00 | 0.24 |
| CHF	DVB BANK SE 0.57500% 15-17.06.22 | 300 000.00 | 302 580.00 | 0.29 |
| CHF	EUROPEAN INVESTMENT BANK 1.50000% 12-02.08.24 | 200 000.00 | 213 500.00 | 0.20 |
| CHF	EXPORT-IMPORT BANK OF KOREA-REG-S 0.25300% 18-06.03.23 | 100 000.00 | 101 500.00 | 0.10 |
| CHF	FIRST ABU DHABI BANK PJSC-REG-S 0.07000% 19-18.10.27 | 50 000.00 | 49 993.75 | 0.05 |
| CHF	FIRST ABU DHABI BANK PJSC-REG-S 0.20500% 19-04.12.25 | 175 000.00 | 176 837.50 | 0.17 |
| CHF	HYPO NOE GRUPPE BANK AG-REG-S 0.10000% 19-27.11.24 | 200 000.00 | 201 600.00 | 0.19 |
| CHF	INSTITUTO DE CREDITO OFICIAL 3.25000% 07-28.06.24 | 150 000.00 | 166 575.00 | 0.16 |
| CHF	JACKSON NATIONAL LIFE GLOBAL FUND-REG-S 0.30000% 18-18.12.23 | 100 000.00 | 101 250.00 | 0.10 |
| CHF	JACKSON NATIONAL LIFE GLOBAL FUND-REG-S 0.12500% 20-14.07.28 | 150 000.00 | 148 275.00 | 0.14 |
| CHF	JPMORGAN CHASE & CO 0.50000% 15-04.12.23 | 100 000.00 | 102 250.00 | 0.10 |
| CHF	KOMMUNEKREDIT 2.87500% 06-13.10.31 | 100 000.00 | 130 600.00 | 0.12 |
| CHF	KOREA DEVELOPMENT BANK-REG-S 0.44500% 20-08.05.25 | 150 000.00 | 154 561.88 | 0.15 |
| CHF	KOREA LAND & HOUSING CORP-REG-S 0.19250% 20-15.06.25 | 40 000.00 | 40 695.00 | 0.04 |
| CHF	KOREA NATIONAL OIL CORP-REG-S 0.37300% 18-01.06.23 | 300 000.00 | 305 250.00 | 0.29 |
| CHF	LAFARGEHOLCIM HELVETIA FINANCE-REG-S 1.05000% 20-11.04.22 | 150 000.00 | 151 935.00 | 0.15 |
| CHF	LUZERNER KANTONALBANK-REG-S 0.10000% 18-08.05.24 | 200 000.00 | 203 200.00 | 0.19 |
| CHF	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 1.00000% 14-19.09.22 | 100 000.00 | 101 950.00 | 0.10 |
| CHF	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 0.15000% 21-25.09.29 | 100 000.00 | 99 650.00 | 0.10 |
| CHF	MUENCHENER HYPOTHEKENBANK EG-REG-S 0.50000% 18-14.06.28 | 150 000.00 | 156 750.00 | 0.15 |
| CHF	MUENCHENER HYPOTHEKENBANK EG-REG-S 0.00100% 19-19.02.24 | 250 000.00 | 253 625.00 | 0.24 |
| CHF	MUENCHENER HYPOTHEKENBANK EG-REG-S 0.20000% 19-18.06.31 | 150 000.00 | 151 575.00 | 0.14 |
| CHF	MUNICIPALITY FINANCE PLC 0.87500% 13-01.02.23 | 200 000.00 | 205 100.00 | 0.20 |
| CHF	NATIONAL AUSTRALIA BANK LTD 0.25000% 18-13.03.24 | 350 000.00 | 355 775.00 | 0.34 |
| CHF	NATIONAL AUSTRALIA BANK LTD-REG-S 0.06500% 20-29.01.29 | 250 000.00 | 250 375.00 | 0.24 |
| CHF	NATIONWIDE BUILDING SOCIETY-REG-S 0.16750% 19-11.07.31 | 100 000.00 | 101 000.00 | 0.10 |
| CHF	NATWEST MARKETS PLC-REG-S 0.12500% 19-13.09.23 | 200 000.00 | 201 700.00 | 0.19 |
| CHF	NEDERLANDSE WATERSCHAPSBANK NV 2.37500% 06-27.01.23 | 100 000.00 | 105 000.00 | 0.10 |
| CHF	NEDERLANDSE WATERSCHAPSBANK NV 1.37500% 12-13.09.27 | 200 000.00 | 221 400.00 | 0.21 |
| CHF	NEW YORK LIFE GLOBAL FUNDING 0.37500% 15-02.02.22 | 50 000.00 | 50 360.00 | 0.05 |
| CHF	NEW YORK LIFE GLOBAL FUNDING-REG-S 0.12500% 21-23.07.30 | 100 000.00 | 99 600.00 | 0.10 |
| CHF	ONTARIO, PROVINCE OF 0.25000% 17-28.06.29 | 300 000.00 | 308 250.00 | 0.30 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 0.25000% 17-12.10.27 | 150 000.00 | 154 275.00 | 0.15 |
| CHF	PFANDBRIEFBK SCHWEIZER HYPO INST-REG-S 0.12500% 19-08.05.29 | 125 000.00 | 126 862.50 | 0.12 |
| CHF	RABOBANK NEDERLAND NV 2.00000% 10-16.09.21 | 150 000.00 | 151 170.00 | 0.14 |
| CHF	ROYAL BANK OF CANADA-REG-S 0.10000% 18-18.07.23 | 50 000.00 | 50 575.00 | 0.05 |
| CHF	SANTANDER CONSUMER FINANCE SA-REG-S 0.15000% 19-10.12.24 | 75 000.00 | 75 337.50 | 0.07 |

UBS (Lux) Strategy SICAV – Income (CHF) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
|  | Bezeichnung | Anzahl/ | Bewertung in CHF | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| CHF | TOTAL CAPITAL INTERNATIONAL SA 0.50000% 15-01.06.27 | 350 000.00 | 361 200.00 | 0.35 |
| CHF | VERIZON COMMUNICATIONS INC-REG-S 0.37500% 17-31.05.23 | 100 000.00 | 101 300.00 | 0.10 |
| Total CHF |  |  | 11 100 662.08 | 10.64 |
| Total Medium-Term Notes, fester Zins |  | 11 100 662.08 | 10.64 |
| Medium-Term Notes, Nullcoupon |  |  |  |
| CHF |  |  |  |
| CHF	BANK OF THE PHILIPPINE ISLANDS-REG-S 0.00000% 19-24.09.21 | 80 000.00 | 79 815.00 | 0.08 |
| CHF	KOREA HYDRO & NUCLEAR POWER CO-REG-S 0.00000% 19-19.07.24 | 300 000.00 | 303 431.25 | 0.29 |
| CHF	NATIONWIDE BUILDING SOCIETY-REG-S 0.00000% 19-11.07.25 | 215 000.00 | 218 762.50 | 0.21 |
| Total CHF |  | 602 008.75 | 0.58 |
| Total Medium-Term Notes, Nullcoupon |  | 602 008.75 | 0.58 |
| Anleihen, fester Zins |  |  |  |
| CHF |  |  |  |
| CHF	APPLE INC-REG-S 0.37500% 15-25.11.24 | 95 000.00 | 97 660.00 | 0.09 |
| CHF	BASLER KANTONALBANK 0.15000% 19-02.04.27 | 200 000.00 | 203 900.00 | 0.19 |
| CHF	BASLER KANTONALBANK 0.12500% 20-10.09.32 | 75 000.00 | 74 512.50 | 0.07 |
| CHF	CENTRAL AMERICAN BK ECO INTEGRAT 1.12500% 14-24.02.23 | 300 000.00 | 308 550.00 | 0.29 |
| CHF	COOP-GRUPPE GENOSSENSCHAFT-REG-S 0.75000% 20-05.05.23 | 150 000.00 | 153 150.00 | 0.15 |
| CHF	DEUTSCHE PFANDBRIEFBANK AG-REG-S 0.12500% 19-05.06.23 | 100 000.00 | 100 450.00 | 0.10 |
| CHF	EUROPEAN INVESTMENT BANK 2.62500% 10-11.02.25 | 200 000.00 | 223 700.00 | 0.21 |
| CHF	EUROPEAN INVESTMNT BANK 1.62500% 12-02.04.26 | 200 000.00 | 220 600.00 | 0.21 |
| CHF	FREIBURGER KANTONALBANK 0.14000% 20-12.06.30 | 350 000.00 | 352 100.00 | 0.34 |
| CHF	GENEVA, CANTON OF-REG-S 0.37500% 20-27.02.30 | 100 000.00 | 103 550.00 | 0.10 |
| CHF	GRAUBUENDNER KANTONALBANK 1.37500% 13-11.03.25 | 350 000.00 | 373 100.00 | 0.36 |
| CHF	KEB HANA BANK-REG-S 0.40750% 18-14.09.23 | 100 000.00 | 101 675.00 | 0.10 |
| CHF	KOREA NATIONAL OIL CORP-REG-S 0.87500 20-21.04.25 | 100 000.00 | 104 750.00 | 0.10 |
| CHF	MONDELEZ INTERNATIONAL INC-REG-S 0.61700% 17-30.09.24 | 250 000.00 | 255 375.00 | 0.24 |
| CHF	MONDELEZ INTL-REG-S 0.62500% 15-30.12.21 | 50 000.00 | 50 290.00 | 0.05 |
| CHF	NEW BRUNSWICK, PROVINCE OF 0.20000% 16-07.11.31 | 100 000.00 | 101 450.00 | 0.10 |
| CHF	NEW BRUNSWICK, PROVINCE OF 0.25000% 17-19.01.29 | 100 000.00 | 102 800.00 | 0.10 |
| CHF	OESTERREICHISCHE KONTROLLBANK AG 2.62500% 06-22.11.24 | 300 000.00 | 333 000.00 | 0.32 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 1.87500% 10-15.09.31 | 300 000.00 | 355 350.00 | 0.34 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO INST 1.50000% 14-15.12.25 | 250 000.00 | 271 350.00 | 0.26 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONAL 0.25000% 16-11.02.28 | 150 000.00 | 154 290.00 | 0.15 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONALBANKEN 0.01000% 17-05.02.24 | 50 000.00 | 50 740.00 | 0.05 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONAL-REG-S 0.25000% 18-20.07.26 | 50 000.00 | 51 450.00 | 0.05 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONAL-REG-S 0.12500% 18-31.10.24 | 100 000.00 | 102 080.00 | 0.10 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONAL-REG-S 0.10000% 19-03.12.31 | 300 000.00 | 299 490.00 | 0.29 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONBK-REG-S 0.12500% 20-03.09.35 | 300 000.00 | 295 770.00 | 0.28 |
| CHF	RAIFFEISEN SCHWEIZ GENOSSENSCHAFT-REG-S 0.18250% 20-11.11.25 | 100 000.00 | 100 500.00 | 0.10 |
| CHF	ROCHE KAPITALMARKT AG 0.10000% 17-23.09.24 | 130 000.00 | 132 210.00 | 0.13 |
| CHF	SGS SA-REG-S 0.45000% 20-06.11.23 | 160 000.00 | 162 560.00 | 0.15 |
| CHF	UBS AG/LONDON-REG-S 0.17000% 20-13.05.22 | 400 000.00 | 403 000.00 | 0.39 |
| CHF	UBS GROUP AG-REG-S 0.62500% 17-18.05.24 | 400 000.00 | 406 800.00 | 0.39 |
| CHF	ZUERCHER KANTONALBANK 1.50000% 14-27.01.23 | 200 000.00 | 206 800.00 | 0.20 |
| CHF	ZUERCHER KANTONALBANK 0.04000% 15-09.12.22 | 200 000.00 | 201 800.00 | 0.19 |
| CHF	ZUERCHER KANTONALBANK 0.03000% 16-11.02.22 | 50 000.00 | 50 235.00 | 0.05 |
| CHF	ZUERICH, CITY OF-REG-S 2.75000% 05-14.02.25 | 200 000.00 | 224 100.00 | 0.21 |
| Total CHF |  | 6 729 137.50 | 6.45 |
| Total Anleihen, fester Zins |  | 6 729 137.50 | 6.45 |
| Anleihen, Nullcoupon |  |  |  |
| CHF |  |  |  |
| CHF	BALOISE HOLDING AG-REG-S 0.00000% 19-23.09.22 | 200 000.00 | 204 594.00 | 0.20 |
| CHF	BASEL-STADT, CANTON OF 0.00000% 16-05.09.23 | 100 000.00 | 101 300.00 | 0.10 |
| CHF	BASEL-STADT, CANTON OF 0.00000% 16-04.09.26 | 100 000.00 | 101 850.00 | 0.10 |
| CHF	BASLER KANTONALBANK-REG-S 0.00000% 18-11.04.22 | 150 000.00 | 150 825.00 | 0.14 |
| CHF	KOREA NATIONAL OIL CORP-REG-S 0.00000% 19-04.10.24 | 150 000.00 | 151 809.38 | 0.14 |
| CHF	PFANDBRIEFBK SCHWEIZERISCHER HYPO-REG-S 0.00000% 19-06.04.27 | 200 000.00 | 203 000.00 | 0.19 |
| CHF	PFANDBRIEFZENTR SCHWEIZ KANTONALBANKEN 0.00000% 16-27.01.27 | 50 000.00 | 50 765.00 | 0.05 |
| CHF	VALIANT BANK AG-REG-S 0.00000% 19-31.10.25 | 300 000.00 | 303 900.00 | 0.29 |
| CHF	WALLISER KANTONALBANK-REG-S 0.00000% 20-14.02.29 | 100 000.00 | 99 800.00 | 0.10 |
| CHF	ZUERCHER KANTONALBANK 0.00000% 21-21.01.33 | 100 000.00 | 97 850.00 | 0.09 |
| Total CHF |  | 1 465 693.38 | 1.40 |
| Total Anleihen, Nullcoupon |  | 1 465 693.38 | 1.40 |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 2 000 000.00 | 2 422 483.55 | 2.32 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 2 360 000.00 | 2 269 048.80 | 2.17 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.11.27 | 2 280 000.00 | 2 190 770.24 | 2.10 |
| USD	AMERICA, UNITED STATES OF 2.87500% 18-31.05.25 | 270 000.00 | 265 058.12 | 0.25 |
| USD	AMERICA, UNITED STATES OF 2.75000% 14-15.02.24 | 560 000.00 | 537 592.08 | 0.52 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 135 000.00 | 121 633.98 | 0.12 |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 270 000.00 | 246 713.49 | 0.24 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 265 000.00 | 244 872.45 | 0.23 |
| USD	AMERICA, UNITED STATES OF 2.12500% 15-15.05.25 | 1 725 000.00 | 1 646 824.92 | 1.58 |
| USD	AMERICA, UNITED STATES OF 1.75000% 19-15.11.29 | 1 258 000.00 | 1 158 120.05 | 1.11 |
| USD	AMERICA, UNITED STATES OF 0.25000% 20-31.07.25 | 455 000.00 | 403 194.06 | 0.39 |
| Total USD |  | 11 506 311.74 | 11.03 |
| Total Treasury-Notes, fester Zins |  | 11 506 311.74 | 11.03 |

UBS (Lux) Strategy SICAV – Income (CHF)
Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
| Bezeichnung | Anzahl/ | Bewertung in CHF | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Treasury-Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 115 000.00 | 235 893.59 | 0.23 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 190 000.00 | 282 236.71 | 0.27 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 205 000.00 | 230 870.98 | 0.22 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 205 000.00 | 226 042.57 | 0.22 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 210 000.00 | 230 411.54 | 0.22 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 185 000.00 | 206 475.26 | 0.20 |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 200 000.00 | 219 177.49 | 0.21 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 20-15.01.30 | 240 000.00 | 244 418.58 | 0.23 |
| Total USD |  | 1 875 526.72 | 1.80 |
| Total Treasury-Notes, variabler Zins | 1 875 526.72 | 1.80 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 34 372 147.67 | 32.94 |
| 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	210 000.00 | 226 675.84 | 0.22 |
| Total USD | 226 675.84 | 0.22 |
| Total Treasury-Notes, variabler Zins | 226 675.84 | 0.22 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden | 226 675.84 | 0.22 |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
| Irland |  |
| --- | --- |
| USD | ISHARES MSCI USA ESG SCREENED UCITS ETF UNHEGDED USD-CAP | 1.00 | 7.36 | 0.00 |
| USD | ISHRS III PLC-MSCI WORLD SML CAP UCITS ETF-UNHDG USD-ACC | 315 354.00 | 2 080 305.90 | 1.99 |
| USD | XTRACKERS MSCI WORLD ENERGY UCITS ETF-1C-ACCUM | 81 654.00 | 2 092 912.46 | 2.01 |
| Total Irland |  | 4 173 225.72 | 4.00 |
| Luxemburg |  |  |  |
| USD	LYXOR ETF WORLD FINANCIALS TR USD-C | 9 630.00 | 2 115 992.12 | 2.03 |
| EUR	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 13 580.00 | 2 121 749.83 | 2.03 |
| EUR	UBS (LUX) BOND SICAV - EUR CORP SUSTAINABLE (EUR) U-X-ACC | 748.00 | 10 413 705.70 | 9.98 |
| USD	UBS (LUX) BOND SICAV - SHORT TERM USD CORPORATES (USD) U-X-A | 295.00 | 3 040 114.18 | 2.91 |
| USD	UBS (LUX) BOND SICAV - USD CORPORATES U-X-ACC | 179.00 | 2 077 143.06 | 1.99 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC | 266.00 | 5 181 596.79 | 4.97 |
| USD	UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS | 32 775.00 | 3 341 126.85 | 3.20 |
| USD	UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC | 1 303.00 | 14 356 406.87 | 13.76 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND-GLOBAL BONDS (USD)-U-X ACC | 383.00 | 5 037 524.27 | 4.83 |
| USD	UBS (LUX) EQUITY FUND - GLOBAL SUSTAINABLE (USD) U-X-ACC | 163.00 | 2 227 058.27 | 2.13 |
| USD	UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC | 11.00 | 397 650.82 | 0.38 |
| CHF	UBS (LUX) EQUITY SICAV - SWISS OPP (CHF)-U-X-ACC | 49.00 | 510 733.37 | 0.49 |
| USD	UBS (LUX) EQUITY SICAV-GLOBAL QUANTITATIVE (USD) U-X-ACC | 123.39 | 2 195 720.17 | 2.10 |
| USD	UBS (LUX) EQUITY SICAV - GLOBAL OPPORTUNITY (USD) U-X-ACC | 199.00 | 2 183 166.32 | 2.09 |
| USD	UBS (LUX) INST FUND-KEY SEL. GLOBAL EQUITY FA-USD | 71.52 | 2 257 386.38 | 2.16 |
| USD	UBS (LUX) INSTITUTION SICAV-EQUITIES GLB (EX USA) PASSIVE XA | 7 298.00 | 830 408.49 | 0.80 |
| CHF	UBS ETF - MSCI SWITZERLAND 20/35 UCITS A-CAP | 186 307.00 | 4 766 664.60 | 4.57 |
| Total Luxemburg |  | 63 054 148.09 | 60.42 |
| Total Investment Fonds, open end |  | 67 227 373.81 | 64.42 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember | 2010 | 67 227 373.81 | 64.42 |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Optionsscheine auf Devisen |  |  |  |
| Vereinigte Staaten |  |  |  |
| USD	GOLDMAN SACHS FIN/EUR/USD PUT WARRANT 1.110000 21-17.09.21 | 28 700.00 | 69 690.63 | 0.07 |
| Total Vereinigte Staaten |  | 69 690.63 | 0.07 |
| Total Optionsscheine auf Devisen |  | 69 690.63 | 0.07 |
| Optionen auf Indizes, klassisch |  |  |  |
| USD |  |  |  |
| USD	S&P 500 INDEX PUT 3400.00000 18.06.21 | -6.00 | -674.51 | 0.00 |
| USD	S&P 500 INDEX CALL 4375.00000 18.06.21 | -6.00 | -944.32 | 0.00 |
| USD	S&P 500 INDEX CALL 4000.00000 18.06.21 | 6.00 | 118 805.93 | 0.11 |
| USD	MSCI EM INDEX CALL 1375.00000 17.09.21 | 17.00 | 56 110.45 | 0.05 |
| USD	MSCI EM INDEX PUT 1200.00000 17.09.21 | -17.00 | -21 098.75 | -0.02 |
| USD	MSCI EM INDEX CALL 1500.00000 17.09.21 | -17.00 | -9 173.37 | -0.01 |
| Total USD |  | 143 025.43 | 0.13 |
| Total Optionen auf Indizes, klassisch |  | 143 025.43 | 0.13 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | 212 716.06 | 0.20 |
| Total des Wertpapierbestandes |  | 102 038 913.38 | 97.78 |

UBS (Lux) Strategy SICAV – Income (CHF) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
| Bezeichnung | Anzahl/ Nominal | Bewertung in CHF NR Kursgewinn (-verlust) auf Futures/ Devisentermin- kontrakten/ Swaps (Erl. 1) | in % des Netto- vermögens |
| --- | --- | --- | --- |
| Derivative Instrumente |  |  |  |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Finanzterminkontrakte auf Anleihen |  |  |  |
|  |  |  |  |
| USD	US 5YR TREASURY NOTE FUTURE 30.09.21 | -38.00 | -3 203.93 | 0.00 |
| Total Finanzterminkontrakte auf Anleihen |  | -3 203.93 | 0.00 |
| Finanzterminkontrakte auf Indizes |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 18.06.21 | -65.00 | -177 611.32 | -0.17 |
| GBP	FTSE 100 INDEX FUTURE 18.06.21 | 19.00 | 68 740.97 | 0.06 |
| USD	S&P500 EMINI FUTURE 18.06.21 | -10.00 | -11 916.39 | -0.01 |
| AUD	SPI 200 INDEX FUTURES 17.06.21 | -2.00 | -14 201.29 | -0.01 |
| JPY	NIKKEI 225 (OSE) INDEX FUTURE 10.06.21 | 6.00 | 27 951.83 | 0.03 |
| CAD	S&P/TSX 60 INDEX FUTURE 17.06.21 | -2.00 | -19 468.42 | -0.02 |
| Total Finanzterminkontrakte auf Indizes |  | -126 504.62 | -0.12 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | -129 708.55 | -0.12 |
| Total Derivative Instrumente |  | -129 708.55 | -0.12 |
| Devisenterminkontrakte |  |  |  |
| Gekaufte Währung/ Gekaufter Betrag/Verkaufte Währung/Verkaufter Betrag/Fälligkeitsdatum |  |  |  |

| CHF | 102 259.61 | DKK | 690 000.00 | 4.6.2021 | 245.96 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| GBP | 539 063.94 | CHF | 692 553.23 | 4.6.2021 | -3 418.21 | 0.00 |
| SGD | 445 000.00 | CHF | 305 349.17 | 4.6.2021 | -2 386.83 | 0.00 |
| CHF | 993 270.26 | JPY | 117 172 616.00 | 4.6.2021 | 29 998.80 | 0.03 |
| NOK | 2 775 602.56 | CHF | 302 432.42 | 4.6.2021 | -2 384.13 | 0.00 |
| CHF | 46 389.28 | SEK | 426 840.78 | 4.6.2021 | 96.09 | 0.00 |
| CHF | 15 802.83 | AUD | 22 114.01 | 4.6.2021 | 408.70 | 0.00 |
| CAD | 33 061.83 | CHF | 24 511.38 | 4.6.2021 | 100.20 | 0.00 |
| CHF | 7 119 447.99 | EUR | 6 459 070.67 | 4.6.2021 | 17 159.23 | 0.02 |
| CHF | 138 603.78 | HKD | 1 165 000.00 | 4.6.2021 | 3 611.43 | 0.00 |
| CHF | 27 569 489.47 | USD | 29 849 417.86 | 4.6.2021 | 725 161.85 | 0.69 |
| USD | 150 000.00 | CHF | 138 988.80 | 4.6.2021 | -4 090.05 | 0.00 |
| USD | 740 000.00 | CHF | 685 985.18 | 4.6.2021 | -20 484.68 | -0.02 |
| EUR | 138 000.00 | CHF | 152 733.29 | 4.6.2021 | -990.74 | 0.00 |
| EUR | 99 000.00 | CHF | 109 606.96 | 4.6.2021 | -748.17 | 0.00 |
| CHF | 331 826.41 | NOK | 3 055 000.00 | 4.6.2021 | 1 574.68 | 0.00 |
| JPY | 72 000 000.00 | CHF | 614 342.33 | 4.6.2021 | -22 433.17 | -0.02 |
| USD | 1 190 000.00 | CHF | 1 104 536.58 | 4.6.2021 | -34 339.83 | -0.03 |
| CHF | 178 065.60 | CAD | 240 000.00 | 4.6.2021 | -592.96 | 0.00 |
| CHF | 312 807.63 | AUD | 435 000.00 | 4.6.2021 | 9 993.03 | 0.01 |
| CHF | 67 607.45 | GBP | 52 500.00 | 4.6.2021 | 491.87 | 0.00 |
| IDR | 11 371 770 000.00 | USD | 782 156.27 | 11.6.2021 | 13 905.71 | 0.01 |
| INR | 57 870 000.00 | USD | 789 064.63 | 11.6.2021 | 6 710.67 | 0.01 |
| USD | 794 089.51 | TWD | 22 410 000.00 | 11.6.2021 | -17 821.63 | -0.02 |
| CHF | 66 389.58 | EUR | 60 000.00 | 4.6.2021 | 414.56 | 0.00 |
| CHF | 70 085.78 | USD | 75 000.00 | 4.6.2021 | 2 636.41 | 0.00 |
| JPY | 3 700 000.00 | CHF | 31 731.41 | 4.6.2021 | -1 313.86 | 0.00 |
| GBP | 20 000.00 | CHF | 25 616.28 | 4.6.2021 | -48.44 | 0.00 |
| CHF | 63 585.11 | EUR | 57 500.00 | 4.6.2021 | 359.05 | 0.00 |
| USD | 120 000.00 | CHF | 112 685.28 | 4.6.2021 | -4 766.28 | 0.00 |
| USD | 100 000.00 | CHF | 92 375.50 | 4.6.2021 | -2 443.00 | 0.00 |
| EUR | 47 000.00 | CHF | 51 689.14 | 4.6.2021 | -8.71 | 0.00 |
| USD | 160 000.00 | CHF | 147 395.68 | 4.6.2021 | -3 503.68 | 0.00 |
| EUR | 36 000.00 | CHF | 39 595.07 | 4.6.2021 | -10.06 | 0.00 |
| USD | 30 000.00 | CHF | 27 422.25 | 4.6.2021 | -442.50 | 0.00 |
| GBP | 13 000.00 | CHF | 16 589.04 | 4.6.2021 | 30.06 | 0.00 |
| EUR | 30 000.00 | CHF | 33 093.66 | 4.6.2021 | -106.15 | 0.00 |
| TWD | 22 410 000.00 | USD | 801 559.48 | 11.6.2021 | 11 151.31 | 0.01 |
| USD | 765 830.74 | INR | 57 870 000.00 | 11.6.2021 | -27 616.93 | -0.03 |
| USD | 778 408.52 | IDR | 11 371 770 000.00 | 11.6.2021 | -17 246.87 | -0.02 |
| CHF | 72 296.61 | GBP | 57 000.00 | 4.6.2021 | -571.73 | 0.00 |
| AUD | 490 000.00 | CHF | 346 721.65 | 4.6.2021 | -5 620.15 | -0.01 |
| CHF | 365 311.41 | SGD | 530 000.00 | 4.6.2021 | 4 479.85 | 0.00 |
| EUR | 51 000.00 | CHF | 56 355.40 | 4.6.2021 | -276.63 | 0.00 |
| CHF | 1 212 531.35 | USD | 1 325 000.00 | 4.6.2021 | 20 925.73 | 0.02 |
| USD | 60 000.00 | CHF | 54 827.70 | 4.6.2021 | -868.20 | 0.00 |
| CHF | 7 202 635.15 | EUR | 6 582 981.71 | 14.7.2021 | -34 058.09 | -0.03 |
| CHF | 51 053.48 | SEK | 472 473.77 | 14.7.2021 | -152.60 | 0.00 |
| CHF | 184 338.49 | AUD | 260 865.86 | 14.7.2021 | 2 899.45 | 0.00 |
| CHF | 342 577.62 | JPY | 41 457 058.00 | 14.7.2021 | 2 009.17 | 0.00 |
| CHF | 33 329.17 | NOK | 303 648.73 | 14.7.2021 | 535.84 | 0.00 |
| CHF | 136 168.79 | HKD | 1 175 000.00 | 14.7.2021 | 147.30 | 0.00 |
| NZD | 10 000.00 | CHF | 6 546.90 | 14.7.2021 | -7.27 | 0.00 |
| SGD | 85 000.00 | CHF | 57 647.94 | 14.7.2021 | 154.21 | 0.00 |
| GBP | 489 942.49 | CHF | 620 401.19 | 14.7.2021 | 5 313.50 | 0.00 |
| CHF | 101 511.21 | DKK | 690 000.00 | 14.7.2021 | -462.35 | 0.00 |
| CHF | 83 821.94 | CAD | 112 842.21 | 14.7.2021 | -86.27 | 0.00 |
| CHF | 25 589 549.12 | USD | 28 431 947.81 | 14.7.2021 | 46 608.71 | 0.04 |
| EUR | 90 000.00 | CHF | 98 747.73 | 4.6.2021 | 214.80 | 0.00 |
| EUR | 74 000.00 | CHF | 81 172.82 | 14.7.2021 | 175.62 | 0.00 |
| GBP | 50 000.00 | CHF | 63 775.60 | 4.6.2021 | 144.00 | 0.00 |
| GBP | 33 000.00 | CHF | 42 051.90 | 14.7.2021 | 93.02 | 0.00 |

UBS (Lux) Strategy SICAV – Income (CHF)
Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
| Bezeichnung	Anzahl/ | Bewertung in CHF | in % des |
| --- | --- | --- |
| Nominal | NR Kursgewinn | Netto- |
|  | (-verlust) auf Futures/ | vermögens |
|  | Devisentermin- |  |
|  | kontrakten/ |  |
|  | Swaps (Erl. 1) |  |

Devisenterminkontrakte (Fortsetzung)
Gekaufte Währung/ Gekaufter Betrag/Verkaufte Währung/Verkaufter Betrag/Fälligkeitsdatum
| JPY | 3 150 000.00 | CHF | 26 124.10 | 14.7.2021 | -246.95 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 30 000.00 | CHF | 32 910.33 | 4.6.2021 | 77.18 | 0.00 |
| JPY | 3 150 000.00 | CHF | 26 142.19 | 4.6.2021 | -246.16 | 0.00 |
| EUR | 27 000.00 | CHF | 29 612.44 | 14.7.2021 | 68.75 | 0.00 |
| AUD | 15 000.00 | CHF | 10 497.62 | 14.7.2021 | -64.73 | 0.00 |
| CAD | 30 000.00 | CHF | 22 339.86 | 14.7.2021 | -32.20 | 0.00 |
| CAD | 40 000.00 | CHF | 29 816.40 | 4.6.2021 | -39.97 | 0.00 |
| AUD | 30 000.00 | CHF | 21 013.23 | 4.6.2021 | -129.46 | 0.00 |
| CHF | 15 886.43 | EUR | 14 500.00 | 14.7.2021 | -53.47 | 0.00 |
| CHF | 15 890.17 | EUR | 14 500.00 | 4.6.2021 | -53.79 | 0.00 |
| JPY | 1 900 000.00 | CHF | 15 701.18 | 4.6.2021 | -81.35 | 0.00 |
| USD | 16 000.00 | CHF | 14 433.60 | 14.7.2021 | -59.38 | 0.00 |
| USD | 30 000.00 | CHF | 27 091.14 | 4.6.2021 | -111.39 | 0.00 |
| JPY | 1 900 000.00 | CHF | 15 690.11 | 14.7.2021 | -81.67 | 0.00 |
| CHF | 60 177.65 | EUR | 55 000.00 | 14.7.2021 | -284.03 | 0.00 |
| CHF | 61 834.00 | JPY | 7 500 000.00 | 14.7.2021 | 221.73 | 0.00 |
| CHF | 60 192.44 | EUR | 55 000.00 | 4.6.2021 | -284.66 | 0.00 |
| CHF | 61 877.51 | JPY | 7 500 000.00 | 4.6.2021 | 220.31 | 0.00 |
| USD | 170 000.00 | CHF | 153 146.71 | 4.6.2021 | -261.46 | 0.00 |
| USD | 160 000.00 | CHF | 143 988.80 | 14.7.2021 | -246.61 | 0.00 |
| SGD | 1 540 000.00 | CHF | 1 038 184.98 | 14.7.2021 | 9 053.98 | 0.01 |
| SGD | 1 540 000.00 | CHF | 1 039 381.07 | 4.6.2021 | 9 072.88 | 0.01 |
| CHF | 152 471.96 | USD | 170 000.00 | 14.7.2021 | -254.12 | 0.00 |
| CHF | 152 630.35 | USD | 170 000.00 | 4.6.2021 | -254.90 | 0.00 |
| USD | 70 000.00 | CHF | 62 733.51 | 14.7.2021 | 153.70 | 0.00 |
| USD | 80 000.00 | CHF | 71 769.36 | 4.6.2021 | 176.64 | 0.00 |
| JPY | 4 450 000.00 | CHF | 36 592.77 | 14.7.2021 | -36.16 | 0.00 |
| JPY | 4 450 000.00 | CHF | 36 619.23 | 4.6.2021 | -35.96 | 0.00 |
| USD | 140 000.00 | CHF | 125 928.87 | 4.6.2021 | -23.37 | 0.00 |
| USD | 130 000.00 | CHF | 116 814.63 | 14.7.2021 | -24.10 | 0.00 |
| USD | 100 000.00 | CHF | 89 808.86 | 14.7.2021 | 30.01 | 0.00 |
| USD | 110 000.00 | CHF | 98 890.57 | 4.6.2021 | 35.18 | 0.00 |
| Total Devisenterminkontrakte | 714 655.11 | 0.68 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 1 290 666.84 | 1.24 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -113 098.70 | -0.11 |
| Andere Aktiva und Passiva | 553 399.02 | 0.53 |
| Total des Nettovermögens | 104 354 827.10 | 100.00 |

UBS (Lux) Strategy SICAV – Income (CHF) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021