# UBS (Lux) Key Selection SICAV – Global Allocation (EUR)
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 30.9.2020 | 30.9.2019 | 30.9.2018 |
| Net assets in EUR |  | 299 205 464.13 | 328 913 271.81 | 398 734 669.63 |
| Class I-A2-acc 1 | LU0423399384 |  |  |  |
| Shares outstanding |  | - | 15 048.7340 | 20 037.5960 |
| Net asset value per share in EUR |  | - | 109.93 | 108.17 |
| Issue and redemption price per share in EUR 2 |  | - | 109.93 | 108.17 |
| Class (CAD hedged) I-X-dist | LU0423402782 |  |  |  |
| Shares outstanding |  | 231 310.7990 | 200 843.8660 | 205 220.4740 |
| Net asset value per share in CAD |  | 115.35 | 111.78 | 109.24 |
| Issue and redemption price per share in CAD 2 |  | 115.35 | 111.78 | 109.24 |
| Class (USD hedged) I-X-dist 3 | LU1611256956 |  |  |  |
| Shares outstanding |  | - | - | 62 694.0780 |
| Net asset value per share in USD |  | - | - | 109.38 |
| Issue and redemption price per share in USD 2 |  | - | - | 109.38 |
| Class K-1-UKdist 4 | LU1240062015 |  |  |  |
| Shares outstanding |  | - | - | 3.7000 |
| Net asset value per share in EUR |  | - | - | 3 087 817.39 |
| Issue and redemption price per share in EUR 2 |  | - | - | 3 087 817.39 |
| Class N-6%-mdist | LU1121266784 |  |  |  |
| Shares outstanding |  | 101 614.2390 | 108 111.1550 | 115 825.9700 |
| Net asset value per share in EUR |  | 76.75 | 80.24 | 85.34 |
| Issue and redemption price per share in EUR 2 |  | 76.75 | 80.24 | 85.34 |
| Class N-acc | LU0423397842 |  |  |  |
| Shares outstanding |  | 22 697.9000 | 22 587.5120 | 27 633.3980 |
| Net asset value per share in EUR |  | 141.08 | 139.06 | 139.37 |
| Issue and redemption price per share in EUR 2 |  | 141.08 | 139.06 | 139.37 |
| Class P-acc | LU0197216558 |  |  |  |
| Shares outstanding |  | 14 046 893.3860 | 16 017 058.2640 | 19 142 095.5940 |
| Net asset value per share in EUR |  | 14.76 | 14.48 | 14.45 |
| Issue and redemption price per share in EUR 2 |  | 14.76 | 14.48 | 14.45 |
| Class (CAD hedged) P-acc | LU0218832045 |  |  |  |
| Shares outstanding |  | 988 351.3610 | 1 050 616.4490 | 1 455 789.5160 |
| Net asset value per share in CAD |  | 14.54 | 14.09 | 13.78 |
| Issue and redemption price per share in CAD 2 |  | 14.54 | 14.09 | 13.78 |
| Class (GBP hedged) P-acc | LU0678606244 |  |  |  |
| Shares outstanding |  | 1 179 414.8470 | 1 279 381.7290 | 1 438 550.7160 |
| Net asset value per share in GBP |  | 15.64 | 15.34 | 15.12 |
| Issue and redemption price per share in GBP 2 |  | 15.64 | 15.34 | 15.12 |
| Class Q-acc | LU0423398907 |  |  |  |
| Shares outstanding |  | 158 383.5430 | 175 222.2070 | 183 136.0010 |
| Net asset value per share in EUR |  | 167.87 | 163.03 | 160.99 |
| Issue and redemption price per share in EUR 2 |  | 167.87 | 163.03 | 160.99 |
| Class (CAD hedged) Q-acc | LU0423401628 |  |  |  |
| Shares outstanding |  | 28 250.6620 | 33 560.7960 | 30 533.7580 |
| Net asset value per share in CAD |  | 128.62 | 123.41 | 119.46 |
| Issue and redemption price per share in CAD 2 |  | 128.62 | 123.41 | 119.46 |
| Class (GBP hedged) Q-acc | LU1240794971 |  |  |  |
| Shares outstanding |  | 39 649.9600 | 29 919.4080 | 32 762.5430 |
| Net asset value per share in GBP |  | 124.49 | 120.86 | 117.94 |
| Issue and redemption price per share in GBP 2 |  | 124.49 | 120.86 | 117.94 |
| 1  The share class I-A2-acc was in circulation until 22.10.2019 2  See note 1 3  The share class (USD hedged) I-X-dist was in circulation until 13.2.2019 4  The share class K-1-UKdist was in circulation until 26.3.2019 |  |  |  |  |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR)
Annual report and audited financial statements as of 30 September 2020
| Performance |  |
| --- | --- |
|  | Currency | 2019/2020 | 2018/2019 | 2017/2018 |
| Class I-A2-acc 1 | EUR | - | 1.6% | 5.4% |
| Class (CAD hedged) I-X-dist | CAD | 5.4% | 4.4% | 8.1% |
| Class (USD hedged) I-X-dist 2 | USD | - | - | 8.6% |
| Class K-1-UKdist 3 | EUR | - | - | 4.7% |
| Class N-6%-mdist | EUR | 1.5% | -0.2% | 3.5% |
| Class N-acc | EUR | 1.5% | -0.2% | 3.5% |
| Class P-acc | EUR | 1.9% | 0.2% | 4.0% |
| Class (CAD hedged) P-acc | CAD | 3.2% | 2.2% | 5.9% |
| Class (GBP hedged) P-acc | GBP | 2.0% | 1.5% | 4.9% |
| Class Q-acc | EUR | 3.0% | 1.3% | 5.0% |
| Class (CAD hedged) Q-acc | CAD | 4.2% | 3.3% | 7.0% |
| Class (GBP hedged) Q-acc | GBP | 3.0% | 2.5% | 6.0% |

1 
The share class I-A2-acc was in circulation until 22.10.2019. Due to this fact, there is no data for the calculation of the performance available.
2 
The share class (USD hedged) I-X-dist was in circulation until 13.2.2019. Due to this fact, there is no data for the calculation of the performance available.
3 
The share class K-1-UKdist was in circulation until 26.3.2019. 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.
UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Annual report and audited financial statements as of 30 September 2020

## Report of the Portfolio Manager
The beginning of the financial year, from 1 October 2019 to 30 September 2020, was dominated by a continua- tion of headline news of Brexit talks and the US/China trade stand-off. The declining probability of a worst- case scenario on both issues helped support the upbeat mood amongst investors as 2019 drew to a close. How- ever, economic and market turbulence resurfaced again in Q1 2020, reflecting the huge amount of uncertainty that the 2020 outbreak of the coronavirus, first in China and then worldwide, created over the outlook for both economic activity and corporate profits. COVID-19 and the resulting government actions have caused what is likely to be the sharpest contraction in economic growth in history. Since the peak of the pandemic in the spring, the market narrative has been dominated by the transi- tion to a “new normal,” driven by the forces of techno- logical disruption, deficit spending, and further central bank action. Those forces continued to drive equity and credit markets higher throughout the second and third quarter of 2020. Towards the end of the third quarter 2020, political uncertainty moved back into focus. Vari- ous political event risks, ranging from the US election, US-China relations and Brexit, resurfaced and contri- buted to market volatility.
The subfund posted a positive performance for all share classes in the financial year from 1 October 2019 to 30 September 2020. While the subfund suffered draw- downs in the first quarter of 2020 related to the market turbulence across asset classes caused by the corona- virus outbreak, it strongly recovered during the sub- sequent two quarters in 2020. The major driver was a global equity market recovery and particularly a strong US equity market contributed to a large part of the per- formance. After initial losses caused by credit spread widening, the subfund benefitted from the subsequent recovery and spread tightening over the following two quarters. Overall, equities and investment-grade bonds contributed positively to performance, while high- yield credit and emerging market bonds contributed negatively.
UBS (Lux) Key Selection SICAV – Global Allocation (EUR)
Annual report and audited financial statements as of 30 September 2020

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
United States	46.76
| Luxembourg | 8.95 |
| --- | --- |
| United Kingdom | 4.18 |
| Canada | 4.18 |
| Australia | 4.10 |
| France | 3.30 |
| The Netherlands | 3.23 |
| Switzerland | 2.98 |
| Germany | 2.92 |
| Italy | 2.72 |
| Japan | 1.99 |
| Denmark | 1.49 |
| Finland | 1.28 |
| Sweden | 0.90 |
| Hong Kong | 0.66 |
| Ireland | 0.54 |
| Spain | 0.45 |
| Cayman Islands | 0.41 |
| Austria | 0.23 |
| Bermuda | 0.22 |
| Norway | 0.22 |
| Belgium | 0.20 |
| China | 0.14 |
| United Arab Emirates | 0.12 |
| Mexico | 0.12 |
| Total | 92.29 |

Economic Breakdown as a % of net assets	
| Countries & central governments | 26.22 |
| --- | --- |
| Internet, software & IT services | 11.81 |
| Investment funds | 8.95 |
| Pharmaceuticals, cosmetics & medical products | 4.59 |
| Finance & holding companies | 4.28 |
| Banks & credit institutions | 3.99 |
| Retail trade, department stores | 3.87 |
| Electronics & semiconductors | 3.15 |
| Insurance | 2.40 |
| Telecommunications | 1.93 |
| Food & soft drinks | 1.87 |
| Computer hardware & network equipment providers | 1.68 |
| Petroleum | 1.25 |
| Biotechnology | 1.20 |
| Miscellaneous consumer goods | 1.11 |
| Vehicles | 1.11 |
| Electrical devices & components | 1.07 |
| Traffic & transportation | 1.05 |
| Lodging, catering & leisure | 1.05 |
| Tobacco & alcohol | 1.02 |
| Mechanical engineering & industrial equipment | 0.84 |
| Chemicals | 0.84 |
| Healthcare & social services | 0.83 |
| Textiles, garments & leather goods | 0.79 |
| Graphic design, publishing & media | 0.71 |
| Non-ferrous metals | 0.66 |
| Miscellaneous services | 0.62 |
| Public, non-profit institutions | 0.59 |
| Various capital goods | 0.47 |
| Energy & water supply | 0.43 |
| Building industry & materials | 0.43 |
| Environmental services & recycling | 0.40 |
| Rubber & tyres | 0.39 |
| Real Estate | 0.30 |
| Cantons, federal states | 0.20 |
| Agriculture & fishery | 0.12 |
| Aerospace industry | 0.07 |
| Total | 92.29 |


## Statement of Net Assets
Assets	30.9.2020
EUR
Investments in securities, cost	242 973 155.96
Investments in securities, unrealized appreciation (depreciation)		33 167 180.94	 Total investments in securities (Note 1)			276 140 336.90
Cash at banks, deposits on demand and deposit accounts	9 049 703.68*
Other liquid assets (Margins)	14 672 085.09
Receivable on securities sales (Note 1)	712 097.45
Receivable on subscriptions	36 382.73
Interest receivable on securities	536 020.53
Interest receivable on liquid assets	2 202.45
Receivable on dividends	80 189.67
Interest receivable on swaps (Note 1)	34 058.66
Other receivables	151 120.48
Unrealized gain on financial futures (Note 1)	26 835.72
Total Assets	301 678 099.82
Liabilities
Unrealized gain on swaps (Note 1)	237 066.46
Unrealized loss on forward foreign exchange contracts (Note 1)	-1 452 216.43
Payable on securities purchases (Note 1)	-599 092.32
Payable on redemptions	-153 285.00
Provisions for flat fee (Note 2)	-224 376.95
Provisions for taxe d’abonnement (Note 3)	-32 500.74
Provisions for other commissions and fees (Note 2)		-11 164.25		 Total provisions			-268 041.94
Total Liabilities	-2 472 635.69
Net assets at the end of the financial year	299 205 464.13

## Statement of Operations
Income	1.10.2019-30.9.2020
EUR
Interest on liquid assets	31 239.06
Interest on securities	2 320 620.64
Dividends (Note 1)	2 369 326.64
Interest received on swaps (Note 1)	1 100 210.52
Income on securities lending (Note 16)	240 972.43
Total income	6 078 406.66
Expenses
Other income (Note 4)	16 037.37
Interest paid on swaps (Note 1)	-111 044.54
Flat fee (Note 2)	-5 747 535.99
Taxe d’abonnement (Note 3)	-132 731.99
Cost on securities lending (Note 16)	-96 388.97
Other commissions and fees (Note 2)	-94 632.67
Net income (loss) on investments	-168 675.05
Total expenses	-6 247 081.71
Interest on cash and bank overdraft	-64 747.55
Realized gain (loss) (Note 1)
Realized gain (loss) on market-priced securities without options	13 956 052.01
Realized gain (loss) on yield-evaluated securities and money market instruments	-796 827.92
Realized gain (loss) on financial futures	-1 470 732.88
Realized gain (loss) on forward foreign exchange contracts	-3 274 264.04
Realized gain (loss) on swaps	-387 468.27
Net realized gain (loss) of the financial year	8 588 563.11
Total realized gain (loss)	8 757 238.16
Realized gain (loss) on foreign exchange	730 479.26
Changes in unrealized appreciation (depreciation) (Note 1)
Unrealized appreciation (depreciation) on market-priced securities without options	-11 324 203.68 Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments		152 942.50
Unrealized appreciation (depreciation) on financial futures	11 952.59
Unrealized appreciation (depreciation) on forward foreign exchange contracts	6 085 029.07
Total changes in unrealized appreciation (depreciation)	-5 919 585.27
Unrealized appreciation (depreciation) on swaps	-845 305.75
Net increase (decrease) in net assets as a result of operations	2 668 977.84
* As at 30 September 2020, cash amounts serve as collateral for the counterparty Bank of America for an amount of EUR 383 746.22.
UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Annual report and audited financial statements as of 30 September 2020
| Changes in Net Assets |  |
| --- | --- |
|  | EUR |
|  | 1.10.2019-30.9.2020 |
| Net assets at the beginning of the financial year | 328 913 271.81 |
| Subscriptions | 19 983 058.26 |
| Redemptions | 	-51 551 767.03	 |
| Total net subscriptions (redemptions) | -31 568 708.77 |
| Dividend paid | -808 076.75 |
| Net income (loss) on investments | -168 675.05 |
| Total realized gain (loss) | 8 757 238.16 |
| Total changes in unrealized appreciation (depreciation) | 	-5 919 585.27	 |
| Net increase (decrease) in net assets as a result of operations | 2 668 977.84 |
| Net assets at the end of the financial year | 299 205 464.13 |
| Changes in the Number of Shares outstanding |  |
|  | 1.10.2019-30.9.2020 |
| Class | I-A2-acc |
| Number of shares outstanding at the beginning of the financial year | 15 048.7340 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -15 048.7340 |
| Number of shares outstanding at the end of the financial year | 0.0000 |
| Class | (CAD hedged) I-X-dist |
| Number of shares outstanding at the beginning of the financial year | 200 843.8660 |
| Number of shares issued | 30 904.2090 |
| Number of shares redeemed | -437.2760 |
| Number of shares outstanding at the end of the financial year | 231 310.7990 |
| Class | N-6%-mdist |
| Number of shares outstanding at the beginning of the financial year | 108 111.1550 |
| Number of shares issued | 26 869.4130 |
| Number of shares redeemed | -33 366.3290 |
| Number of shares outstanding at the end of the financial year | 101 614.2390 |
| Class | N-acc |
| Number of shares outstanding at the beginning of the financial year | 22 587.5120 |
| Number of shares issued | 4 506.1210 |
| Number of shares redeemed | -4 395.7330 |
| Number of shares outstanding at the end of the financial year | 22 697.9000 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the financial year | 16 017 058.2640 |
| Number of shares issued | 504 592.7000 |
| Number of shares redeemed | -2 474 757.5780 |
| Number of shares outstanding at the end of the financial year | 14 046 893.3860 |
| Class | (CAD hedged) P-acc |
| Number of shares outstanding at the beginning of the financial year | 1 050 616.4490 |
| Number of shares issued | 35 261.1390 |
| Number of shares redeemed | -97 526.2270 |
| Number of shares outstanding at the end of the financial year | 988 351.3610 |
| Class | (GBP hedged) P-acc |
| Number of shares outstanding at the beginning of the financial year | 1 279 381.7290 |
| Number of shares issued | 36 392.2130 |
| Number of shares redeemed | -136 359.0950 |
| Number of shares outstanding at the end of the financial year | 1 179 414.8470 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the financial year | 175 222.2070 |
| Number of shares issued | 29 250.4010 |
| Number of shares redeemed | -46 089.0650 |
| Number of shares outstanding at the end of the financial year | 158 383.5430 |
| Class | (CAD hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year | 33 560.7960 |
| Number of shares issued | 838.9460 |
| Number of shares redeemed | -6 149.0800 |
| Number of shares outstanding at the end of the financial year | 28 250.6620 |
| Class | (GBP hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year | 29 919.4080 |
| Number of shares issued | 10 407.9790 |
| Number of shares redeemed | -677.4270 |
| Number of shares outstanding at the end of the financial year | 39 649.9600 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR)
Annual report and audited financial statements as of 30 September 2020
| Annual Distribution 1 |  |
| --- | --- |
| UBS (Lux) Key Selection SICAV – Global Allocation (EUR) | Ex-Date | Pay-Date | Currency | Amount per share |
| (CAD hedged) I-X-dist | 2.12.2019 | 5.12.2019 | CAD | 2.39 |
| Monthly Distribution 1 |  |  |  |  |
| UBS (Lux) Key Selection SICAV – Global Allocation (EUR) | Ex-Date | Pay-Date | Currency | Amount per share |
| N-6%-mdist | 10.10.2019 | 15.10.2019 | EUR | 0.40 |
| N-6%-mdist | 11.11.2019 | 14.11.2019 | EUR | 0.40 |
| N-6%-mdist | 10.12.2019 | 13.12.2019 | EUR | 0.40 |
| N-6%-mdist | 10.1.2020 | 15.1.2020 | EUR | 0.41 |
| N-6%-mdist | 10.2.2020 | 13.2.2020 | EUR | 0.40 |
| N-6%-mdist | 10.3.2020 | 13.3.2020 | EUR | 0.38 |
| N-6%-mdist | 14.4.2020 | 17.4.2020 | EUR | 0.34 |
| N-6%-mdist | 11.5.2020 | 14.5.2020 | EUR | 0.36 |
| N-6%-mdist | 10.6.2020 | 15.6.2020 | EUR | 0.37 |
| N-6%-mdist | 10.7.2020 | 15.7.2020 | EUR | 0.37 |
| N-6%-mdist | 10.8.2020 | 13.8.2020 | EUR | 0.38 |
| N-6%-mdist | 10.9.2020 | 15.9.2020 | EUR | 0.39 |
| 1  See note 5 |  |  |  |  |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Annual report and audited financial statements as of 30 September 2020

## Statement of Investments in Securities and other Net Assets as of 30 September 2020
| Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Bearer shares |  |  |  |
| Austria |  |  |  |
| EUR	ERSTE GROUP BK AG NPV | 39 050.00 | 698 018.75 | 0.23 |
| Total Austria |  | 698 018.75 | 0.23 |
| Bermuda |  |  |  |
| USD	MARVELL TECH GROUP COM USD0.002 | 19 283.00 | 652 824.88 | 0.22 |
| Total Bermuda |  | 652 824.88 | 0.22 |
| Denmark |  |  |  |
| DKK	GENMAB AS DKK1 (BEARER) | 3 350.00 | 1 035 105.03 | 0.35 |
| DKK	ORSTED A/S DKK10 | 7 112.00 | 836 392.38 | 0.28 |
| Total Denmark |  | 1 871 497.41 | 0.63 |
| France |  |  |  |
| EUR	AIR LIQUIDE(L’) EUR5.5 (POST-SUBDIVISION) | 8 671.00 | 1 174 920.50 | 0.39 |
| EUR	ARKEMA EUR10 | 5 491.00 | 497 594.42 | 0.17 |
| EUR	AXA EUR2.29 | 44 197.00 | 697 251.87 | 0.24 |
| EUR	EIFFAGE EUR4 | 6 505.00 | 454 179.10 | 0.15 |
| EUR	LEGRAND SA EUR4 | 10 167.00 | 693 186.06 | 0.23 |
| EUR	LVMH MOET HENNESSY EUR0.30 | 2 561.00 | 1 022 863.40 | 0.34 |
| EUR	SANOFI EUR2 | 21 484.00 | 1 833 229.72 | 0.61 |
| EUR	SCHNEIDER ELECTRIC EUR8 | 12 736.00 | 1 350 652.80 | 0.45 |
| EUR	TELEPERFORMANCE EUR2.50 | 3 564.00 | 939 470.40 | 0.32 |
| EUR	VALEO EUR1 (POST SUBD) | 26 008.00 | 682 710.00 | 0.23 |
| EUR	WORLDLINE EUR0.68 | 7 749.00 | 543 359.88 | 0.18 |
| Total France |  | 9 889 418.15 | 3.31 |
| Germany |  |  |  |
| EUR	CANCOM SE NPV | 5 536.00 | 244 137.60 | 0.08 |
| EUR	CONTINENTAL AG ORD NPV | 12 609.00 | 1 166 080.32 | 0.39 |
| EUR	SAP AG ORD NPV | 13 631.00 | 1 809 651.56 | 0.60 |
| EUR	ZALANDO SE NPV | 8 190.00 | 654 381.00 | 0.22 |
| Total Germany |  | 3 874 250.48 | 1.29 |
| Hong Kong |  |  |  |
| HKD	AIA GROUP LTD NPV | 156 600.00 | 1 307 866.52 | 0.44 |
| HKD	HONG KONG EXCHANGE HKD1 | 16 600.00 | 660 855.55 | 0.22 |
| Total Hong Kong |  | 1 968 722.07 | 0.66 |
| Italy |  |  |  |
| EUR	BANCA MEDIOLANUM NPV | 100 127.00 | 615 781.05 | 0.21 |
| EUR	INFRASTRUTTURE WIR NPV | 70 500.00 | 665 520.00 | 0.22 |
| Total Italy |  | 1 281 301.05 | 0.43 |
| Japan |  |  |  |
| JPY	FANUC CORP NPV | 4 600.00 | 747 896.44 | 0.25 |
| JPY	TECHNOPRO HLDGS IN NPV | 11 500.00 | 605 900.20 | 0.20 |
| Total Japan |  | 1 353 796.64 | 0.45 |
| The Netherlands |  |  |  |
| EUR	KONINKLIJKE AHOLD EUR0.01 | 36 751.00 | 927 962.75 | 0.31 |
| EUR	KONINKLIJKE PHILIPS NV EUR0.20 | 27 437.00 | 1 102 967.40 | 0.37 |
| USD	NXP SEMICONDUCTORS EUR0.20 | 5 727.00 | 609 548.35 | 0.20 |
| EUR	SHOP APOTHEKE EURO NPV | 4 871.00 | 727 727.40 | 0.24 |
| EUR	WOLTERS KLUWER EUR0.12 | 6 831.00 | 497 570.04 | 0.17 |
| Total The Netherlands |  | 3 865 775.94 | 1.29 |
| Spain |  |  |  |
| EUR	AENA SME S.A. EUR10 | 5 698.00 | 679 771.40 | 0.23 |
| EUR	EDP RENOVAVEIS SA EUR5 | 46 931.00 | 663 604.34 | 0.22 |
| Total Spain |  | 1 343 375.74 | 0.45 |
| Sweden |  |  |  |
| SEK	LUNDIN ENERGY AB NPV | 26 363.00 | 448 375.22 | 0.15 |
| Total Sweden |  | 448 375.22 | 0.15 |
| Switzerland |  |  |  |
| GBP	WIZZ AIR HLDGS PLC ORD GBP0.0001 | 11 287.00 | 387 489.62 | 0.13 |
| Total Switzerland |  | 387 489.62 | 0.13 |
| United Kingdom |  |  |  |
| GBP	BRIT AMER TOBACCO ORD GBP0.25 | 25 741.00 | 788 210.87 | 0.26 |
| GBP	BT GROUP ORD GBP0.05 | 518 867.00 | 562 763.34 | 0.19 |
| USD	LIVANOVA PLC ORD GBP1.00 (DI) | 10 800.00 | 416 379.99 | 0.14 |
| GBP	SAGE GROUP GBP0.01051948 | 109 742.00 | 872 068.47 | 0.29 |
| GBP	SOFTCAT PLC ORD GBP0.0005 (WI) | 44 299.00 | 589 473.29 | 0.20 |
| GBP	SPECTRIS ORD GBP0.05 | 33 307.00 | 894 857.70 | 0.30 |
| EUR	UNILEVER EUR0.16 | 46 798.00 | 2 410 097.00 | 0.80 |
| Total United Kingdom |  | 6 533 850.66 | 2.18 |
| United States |  |  |  |
| USD	ALIGN TECHNOLOGY INC COM | 1 433.00 | 400 039.98 | 0.13 |
| USD	ARISTA NETWORKS IN COM USD0.0001 | 3 142.00 | 554 448.52 | 0.18 |
| USD	BIO RAD LABS INC CL A | 1 920.00 | 843 971.52 | 0.28 |
| USD	BIOMARIN PHARMA COM USD0.001 | 5 400.00 | 350 344.95 | 0.12 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR)
Annual report and audited financial statements as of 30 September 2020
|  | Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | BOSTON SCIENTIFIC COM USD0.01 | 23 041.00 | 750 775.26 | 0.25 |
| USD | COHERUS BIOSCIENCE COM USD0.0001 | 12 208.00 | 190 930.56 | 0.06 |
| USD | CONSTELLATION BRDS CLASS’A’COM USD0.01 | 1 835.00 | 296 551.27 | 0.10 |
| USD | COUPA SOFTWARE INC COM USD0.0001 | 2 400.00 | 561 272.33 | 0.19 |
| USD | DIGITAL REALTY TRU COM STK USD0.01 | 3 368.00 | 421 513.39 | 0.14 |
| USD | F M C CORP COM NEW | 4 673.00 | 422 050.42 | 0.14 |
| USD | HILL-ROM HLDGS INC COM STK NPV | 8 873.00 | 631 888.65 | 0.21 |
| USD | HUBSPOT INC COM USD0.001 | 2 727.00 | 679 581.47 | 0.23 |
| USD | INCYTE CORPORATION COM USD0.001 | 7 119.00 | 544 799.44 | 0.18 |
| USD | MARSH & MCLENNAN COM USD1 | 7 336.00 | 717 553.58 | 0.24 |
| USD | MIRATI THERAPEUTIC COM NPV | 3 250.00 | 460 207.65 | 0.15 |
| USD | MSA SAFETY INC COM NPV | 9 919.00 | 1 134 892.96 | 0.38 |
| USD | PEPSICO INC CAP USD0.016666 | 3 985.00 | 471 002.43 | 0.16 |
| USD | QORVO INC COM USD 0.0001 | 3 993.00 | 439 292.99 | 0.15 |
| USD | S&P GLOBAL INC COM USD1 | 2 198.00 | 675 903.98 | 0.23 |
| USD | SPLUNK INC COM USD0.001 | 4 709.00 | 755 471.94 | 0.25 |
| USD | TAKE TWO INTERACTI COM USD0.01 | 10 109.00 | 1 424 303.06 | 0.48 |
| USD | THE TRADE DESK INC COM USD0.000001 CL A | 1 090.00 | 482 215.67 | 0.16 |
| USD | THOR INDS INC COM | 3 612.00 | 293 420.13 | 0.10 |
| USD | TRIMBLE INC COM NPV | 11 593.00 | 481 455.76 | 0.16 |
| USD | UNIVERSAL DISPLAY COM USD0.01 | 6 325.00 | 974 869.31 | 0.33 |
| USD | VMWARE INC COM STK USD0.01 CLASS ‘A’ | 9 021.00 | 1 105 229.24 | 0.37 |
| USD | ZENDESK INC COM USD0.01 | 8 950.00 | 785 514.86 | 0.26 |
| Total United States |  | 16 849 501.32 | 5.63 |
| Total Bearer shares |  | 51 018 197.93 | 17.05 |
| Other shares |  |  |  |
| Switzerland |  |  |  |
| CHF	ROCHE HLDGS AG GENUSSCHEINE NPV | 8 266.00 | 2 417 947.98 | 0.81 |
| Total Switzerland |  | 2 417 947.98 | 0.81 |
| Total Other shares |  | 2 417 947.98 | 0.81 |
| Preference shares |  |  |  |
| Germany |  |  |  |
| EUR	HENKEL AG&CO. KGAA NON-VTG PRF NPV	10 375.00 | 926 695.00 | 0.31 |
| Total Germany | 926 695.00 | 0.31 |
| Total Preference shares | 926 695.00 | 0.31 |

Registered shares
| Belgium |  |
| --- | --- |
| EUR | KBC GROUP NV NPV | 13 992.00 | 598 717.68 | 0.20 |
| Total Belgium	598 717.68	0.20 |
| Denmark |  |  |  |  |
| DKK | CARLSBERG SER’B’DKK20 | 9 543.00 | 1 097 413.92 | 0.37 |
| DKK | NOVO-NORDISK AS DKK0.2 SER’B’ | 25 138.00 | 1 483 724.03 | 0.49 |
| Total Denmark	2 581 137.95	0.86 |
| Finland |  |  |  |  |
| EUR | NESTE OIL OYJ NPV | 17 136.00 | 770 605.92 | 0.26 |
| SEK | NORDEA HOLDING ABP NPV | 125 568.00 | 817 281.78 | 0.27 |
| EUR | SAMPO PLC SER’A’NPV | 66 492.00 | 2 246 764.68 | 0.75 |
| Total Finland	3 834 652.38	1.28 |
| Germany |  |  |  |  |
| EUR | EXASOL AG ORD NPV | 21 424.00 | 448 190.08 | 0.15 |
| EUR | MUENCHENER RUECKVE NPV(REGD) | 3 323.00 | 719 761.80 | 0.24 |
| EUR | SIEMENS AG NPV(REGD) | 12 931.00 | 1 394 996.28 | 0.47 |
| EUR | SIEMENS ENERGY AG NPV | 6 465.50 | 148 706.50 | 0.05 |
| Total Germany	2 711 654.66	0.91 |
| Ireland |  |  |  |  |
| USD | APTIV PLC COM USD0.01 | 10 307.00 | 805 820.80 | 0.27 |
| EUR | CRH ORD EUR0.32 | 26 560.00 | 819 907.20 | 0.27 |
| Total Ireland |  | 1 625 728.00 | 0.54 |
| Italy |  |  |  |
| EUR	ENEL EUR1 | 124 105.00 | 920 610.89 | 0.31 |
| EUR	MEDIOBANCA SPA EUR0.5 | 82 393.00 | 551 868.31 | 0.18 |
| EUR	MONCLER SPA NPV | 19 594.00 | 685 398.12 | 0.23 |
| Total Italy |  | 2 157 877.32 | 0.72 |
| Japan |  |  |  |
| JPY	NINTENDO CO LTD NPV | 1 700.00 | 819 573.35 | 0.27 |
| JPY	NIPPON TEL&TEL CP NPV | 42 000.00 | 729 698.43 | 0.24 |
| JPY	SOFTBANK GROUP CO NPV | 20 900.00 | 1 092 544.40 | 0.37 |
| JPY	SONY CORP NPV | 15 000.00 | 973 577.70 | 0.33 |
| JPY	TAKEDA PHARMACEUTI NPV | 32 600.00 | 986 300.15 | 0.33 |
| Total Japan |  | 4 601 694.03 | 1.54 |
| The Netherlands |  |  |  |
| EUR	ADYEN NV EUR0.01 | 521.00 | 819 272.50 | 0.27 |
| EUR	ASML HOLDING NV EUR0.09 | 4 907.00 | 1 544 232.90 | 0.52 |
| EUR	KONINKLIJKE DSM NV EUR1.5 | 2 929.00 | 411 817.40 | 0.14 |
| EUR	NN GROUP N.V. EUR0.12 | 26 106.32 | 836 707.65 | 0.28 |
| EUR	PROSUS N.V. EUR0.05 | 16 396.00 | 1 290 365.20 | 0.43 |
| GBP	ROYAL DUTCH SHELL PLC ‘A’SHS EUR0.07 | 37 022.00 | 393 418.51 | 0.13 |
| Total The Netherlands |  | 5 295 814.16 | 1.77 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Annual report and audited financial statements as of 30 September 2020
|  | Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Norway |  |  |  |  |
| NOK | DNB ASA NOK10 | 23 591.00 | 278 008.71 | 0.09 |
| NOK | MOWI ASA NOK7.50 | 24 553.00 | 371 136.42 | 0.13 |
| Total Norway | 649 145.13 | 0.22 |
| Sweden |  |  |  |  |
| SEK | SANDVIK AB NPV (POST SPLIT) | 53 548.00 | 897 465.27 | 0.30 |
| SEK | SWEDISH MATCH NPV | 12 270.00 | 856 719.36 | 0.29 |
| SEK | TELE2 AB SHS | 39 588.00 | 478 290.08 | 0.16 |
| Total Sweden |  | 2 232 474.71 | 0.75 |
| Switzerland |  |  |  |
| CHF	ALCON AG CHF0.04 | 16 487.00 | 800 345.61 | 0.27 |
| CHF	CREDIT SUISSE GRP CHF0.04(REGD) | 76 176.00 | 653 600.44 | 0.22 |
| CHF	NESTLE SA CHF0.10(REGD) | 30 280.00 | 3 073 046.84 | 1.03 |
| CHF	NOVARTIS AG CHF0.50(REGD) | 11 459.00 | 849 927.91 | 0.28 |
| CHF	SOFTWAREONE HLD AG CHF0.01 | 30 785.00 | 735 784.49 | 0.24 |
| Total Switzerland |  | 6 112 705.29 | 2.04 |
| United Kingdom |  |  |  |
| GBP	ADMIRAL GROUP ORD GBP0.001 | 6 603.00 | 190 068.92 | 0.06 |
| GBP	ANGLO AMERICAN USD0.54945 | 42 995.00 | 889 134.41 | 0.30 |
| GBP	ASHTEAD GROUP ORD GBP0.10 | 18 156.00 | 560 455.51 | 0.19 |
| GBP	AVAST PLC ORD GBP0.10 (WI) | 99 473.00 | 577 934.69 | 0.19 |
| GBP	LONDON STOCK EXCH ORD GBP0.06918604 | 8 767.00 | 857 889.27 | 0.29 |
| GBP	PRUDENTIAL ORD GBP0.05 | 38 800.00 | 474 379.82 | 0.16 |
| GBP	RIO TINTO ORD GBP0.10 | 21 202.00 | 1 088 193.42 | 0.36 |
| Total United Kingdom |  | 4 638 056.04 | 1.55 |
| United States |  |  |  |
| USD	10X GENOMICS INC COM USD0.00001 CLASS A | 3 346.00 | 355 757.71 | 0.12 |
| USD	ABBOTT LABS COM | 6 573.00 | 610 019.69 | 0.20 |
| USD	ABBVIE INC COM USD0.01 | 13 353.00 | 997 389.90 | 0.33 |
| USD	ADOBE INC COM USD0.0001 | 750.00 | 313 667.76 | 0.11 |
| USD	ADVANCED MICRO DEV COM USD0.01 | 6 204.00 | 433 774.75 | 0.15 |
| USD	AGCO CORP COM USD0.01 | 14 425.00 | 913 609.99 | 0.31 |
| USD	ALEXION PHARMACEUT COM USD0.0001 | 6 119.00 | 597 106.70 | 0.20 |
| USD	ALPHABET INC CAP STK USD0.001 CL A | 2 045.00 | 2 555 879.42 | 0.85 |
| USD	AMAZON COM INC COM USD0.01 | 2 532.00 | 6 798 775.73 | 2.27 |
| USD	AMERIPRISE FINL INC COM | 9 462.00 | 1 243 498.76 | 0.42 |
| USD	AMGEN INC COM USD0.0001 | 2 344.00 | 508 038.24 | 0.17 |
| USD	APPLE INC COM NPV | 39 164.00 | 3 867 806.11 | 1.29 |
| USD	AUTODESK INC COM USD0.01 | 4 614.00 | 908 949.93 | 0.30 |
| USD	BOOKING HLDGS INC COM USD0.008 | 594.00 | 866 536.41 | 0.29 |
| USD	BUNGE LIMITED COM USD0.01 | 20 560.00 | 801 255.28 | 0.27 |
| USD	CF INDS HLDGS INC COM | 18 719.00 | 490 223.42 | 0.16 |
| USD	COMCAST CORP COM CLS’A’ USD0.01 | 24 421.00 | 963 386.74 | 0.32 |
| USD	COOPER COS INC COM USD0.10 | 1 555.00 | 447 040.12 | 0.15 |
| USD	CROWN CASTLE INTL COM USD0.01 | 3 400.00 | 482 752.74 | 0.16 |
| USD	DOLLAR GENERAL CP COM USD0.875 | 4 614.00 | 824 787.17 | 0.28 |
| USD	DOLLAR TREE INC | 14 690.00 | 1 144 232.81 | 0.38 |
| USD	FACEBOOK INC COM USD0.000006 CL ‘A’ | 9 009.00 | 2 012 072.74 | 0.67 |
| USD	FIDELITY NATL INF COM STK USD0.01 | 18 129.00 | 2 275 845.38 | 0.76 |
| USD	GODADDY INC COM CL A USD0.001 | 7 962.00 | 515 817.29 | 0.17 |
| USD	HESS CORPORATION COM USD1 | 21 957.00 | 766 383.84 | 0.26 |
| USD	IAA INC COM USD0.01 | 10 573.00 | 469 480.33 | 0.16 |
| USD	IAC/INTERACTIVECOR COM USD0.001 | 2 427.00 | 247 905.22 | 0.08 |
| USD	INGERSOLL RAND INC COM USD1.00 | 34 072.00 | 1 034 377.86 | 0.35 |
| USD	IQVIA HOLDINGS INC COM USD0.01 | 4 687.00 | 630 036.08 | 0.21 |
| USD	LIVERAMP HOLDINGS COM USD0.10 | 16 147.00 | 712 855.66 | 0.24 |
| USD	LKQ CORP COM | 22 441.00 | 530 668.94 | 0.18 |
| USD	LOWE’S COS INC COM USD0.50 | 7 582.00 | 1 072 400.56 | 0.36 |
| USD	LYFT INC COM USD0.00001 CLASS A | 20 590.00 | 483 737.26 | 0.16 |
| USD	MADISON SQUARE G.E COM USD0.01 CLASS A | 8 465.00 | 494 408.26 | 0.17 |
| USD	MASTERCARD INC COM USD0.0001 CLASS ‘A’ | 6 934.00 | 1 999 633.97 | 0.67 |
| USD	MATCH GRP INC NEW COM NPV | 5 247.47 | 495 145.94 | 0.17 |
| USD	MICRON TECHNOLOGY COM USD0.10 | 12 100.00 | 484 557.20 | 0.16 |
| USD	MICROSOFT CORP COM USD0.0000125 | 38 758.00 | 6 951 750.43 | 2.32 |
| USD	MONDELEZ INTL INC COM USD0.01 | 25 371.00 | 1 242 965.89 | 0.42 |
| USD	NETFLIX INC COM USD0.001 | 1 051.00 | 448 157.19 | 0.15 |
| USD	NVIDIA CORP COM USD0.001 | 1 000.00 | 461 535.84 | 0.15 |
| USD	PALO ALTO NETWORKS COM USD0.0001 | 3 866.00 | 806 893.36 | 0.27 |
| USD	PPD INC COM USD0.01 | 17 420.00 | 549 495.42 | 0.18 |
| USD	ROCKWELL AUTOMATIO COM USD1 | 2 200.00 | 414 016.12 | 0.14 |
| USD	SALESFORCE.COM INC COM USD0.001 | 6 374.00 | 1 366 062.92 | 0.46 |
| USD	SCHLUMBERGER COM USD0.01 | 38 524.00 | 511 178.48 | 0.17 |
| USD	SERVICENOW INC COM USD0.001 | 2 540.00 | 1 050 526.58 | 0.35 |
| USD	SOUTHWEST AIRLINES COM USD1 | 36 682.00 | 1 173 048.22 | 0.39 |
| USD	SPIRIT AEROSYSTEMS COM STK USD0.01 CLASS ‘A’ | 12 694.00 | 204 701.78 | 0.07 |
| USD	STARBUCKS CORP COM USD0.001 | 27 095.00 | 1 985 249.14 | 0.66 |
| USD	STERICYCLE INC COM | 9 969.00 | 536 089.32 | 0.18 |
| USD	TESLA INC COM USD0.001 | 1 494.00 | 546 574.80 | 0.18 |
| USD	TJX COS INC COM USD1 | 20 657.00 | 980 311.30 | 0.33 |
| USD	TWITTER INC COM USD0.000005 | 25 429.00 | 964 985.72 | 0.32 |
| USD	UNION PACIFIC CORP COM USD2.50 | 2 572.00 | 431 799.46 | 0.14 |
| USD	UNITED RENTALS INC COM | 2 054.00 | 305 652.16 | 0.10 |
| USD	UNITEDHEALTH GRP COM USD0.01 | 7 754.00 | 2 061 539.74 | 0.69 |
| USD	VAIL RESORTS INC COM | 3 586.00 | 654 326.89 | 0.22 |
| USD	VISA INC COM STK USD0.0001 | 10 220.00 | 1 742 799.13 | 0.58 |
| USD	WELLS FARGO & CO COM USD1 2/3 | 44 446.00 | 891 080.42 | 0.30 |
| USD	WESTERN DIGITAL CORP COM | 10 404.00 | 324 279.37 | 0.11 |
| Total United States |  | 66 954 835.59 | 22.38 |
| Total Registered shares |  | 103 994 492.94 | 34.76 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR)
Annual report and audited financial statements as of 30 September 2020
| Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Depository receipts |  |  |  |
| China |  |  |  |
| USD	ALIBABA GROUP HLDG SPON ADS EACH REP ONE ORD-ADR | 1 717.00 | 430 446.99 | 0.14 |
| Total China |  | 430 446.99 | 0.14 |
| Total Depository receipts |  | 430 446.99 | 0.14 |
| Notes, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	AUSTRALIA 5.50000% 11-21.04.23 | 1 200 000.00 | 833 277.11 | 0.28 |
| AUD	NEW SOUTH WALES TREASURY CORP 4.00000% 13-20.04.23 | 1 300 000.00 | 870 567.79 | 0.29 |
| Total AUD |  | 1 703 844.90 | 0.57 |
| GBP |  |  |  |
| GBP	BRITISH TELECOMMUNICATIONS PLC 5.75000% 99-07.12.28 | 500 000.00 | 719 189.94 | 0.24 |
| Total GBP |  | 719 189.94 | 0.24 |
| USD |  |  |  |
| USD	ABBVIE INC 2.90000% 13-06.11.22 | 400 000.00 | 357 693.74 | 0.12 |
| USD	APPLE INC 2.40000% 13-03.05.23 | 400 000.00 | 359 144.40 | 0.12 |
| USD	E.ON INTERNATIONAL FINANCE BV-REG-S 6.65000% 08-30.04.38 | 400 000.00 | 495 621.36 | 0.17 |
| USD	GOLDMAN SACHS GROUP INC 3.62500% 13-22.01.23 | 400 000.00 | 364 628.63 | 0.12 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 3.37500% 13-01.08.23 | 500 000.00 | 462 912.72 | 0.15 |
| USD	TAQA ABU DHABI NATIONAL ENERGY CO-REG-S 3.62500% 12-12.01.23 | 400 000.00 | 359 868.67 | 0.12 |
| USD	TIME WARNER CABLE LLC 4.00000% 11-01.09.21 | 500 000.00 | 435 620.47 | 0.15 |
| USD	TOTAL CAPITAL CANADA LTD 2.75000% 13-15.07.23 | 400 000.00 | 363 028.25 | 0.12 |
| USD	VERIZON COMMUNICATIONS INC 4.01600% 19-03.12.29 | 400 000.00 | 408 462.30 | 0.14 |
| USD	WALMART INC 6.50000% 07-15.08.37 | 500 000.00 | 683 251.69 | 0.23 |
| USD	WALT DISNEY CO 3.00000% 19-15.09.22 | 400 000.00 | 358 226.89 | 0.12 |
| Total USD |  | 4 648 459.12 | 1.56 |
| Total Notes, fixed rate |  | 7 071 493.96 | 2.37 |
| Medium term notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	WELLS FARGO & CO-REG-S 2.62500% 12-16.08.22 | 400 000.00 | 418 824.96 | 0.14 |
| Total EUR |  | 418 824.96 | 0.14 |
| GBP |  |  |  |
| GBP	BANK OF AMERICA CORP-REG-S 2.30000% 16-25.07.25 | 400 000.00 | 470 556.49 | 0.16 |
| Total GBP |  | 470 556.49 | 0.16 |
| USD |  |  |  |
| USD	SUN HUNG KAI PROPERTIES LTD-REG-S 4.50000% 12-14.02.22 | 1 000 000.00 | 888 329.85 | 0.30 |
| Total USD |  | 888 329.85 | 0.30 |
| Total Medium term notes, fixed rate |  | 1 777 711.30 | 0.60 |
| Medium term notes, floating rate |  |  |  |
| GBP |  |  |  |
| GBP	IMPERIAL BRANDS FIN-REG-S 9.000%/RATING LINKED 09-17.02.22 | 500 000.00 | 612 087.14 | 0.20 |
| Total GBP |  | 612 087.14 | 0.20 |
| Total Medium term notes, floating rate |  | 612 087.14 | 0.20 |
| Bonds, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	AUSTRALIA 2.75000% 12-21.04.24 | 4 000 000.00 | 2 666 690.18 | 0.89 |
| AUD	AUSTRALIA-REG-S 2.25000% 16-21.05.28 | 1 350 000.00 | 925 232.78 | 0.31 |
| AUD	AUSTRALIA-REG-S 2.75000% 14-21.06.35 | 1 720 000.00 | 1 283 556.38 | 0.43 |
| AUD	AUSTRALIA-REG-S 2.75000% 16-21.11.27 | 2 350 000.00 | 1 655 951.05 | 0.55 |
| AUD	AUSTRALIA-REG-S 3.00000% 16-21.03.47 | 1 150 000.00 | 908 716.64 | 0.30 |
| AUD	AUSTRALIA-REG-S 3.25000% 13-21.04.25 | 2 350 000.00 | 1 628 904.14 | 0.55 |
| AUD	QUEENSLAND TREASURY CORP 6.00000% 11-21.07.22 | 50 000.00 | 33 764.54 | 0.01 |
| AUD	QUEENSLAND TREASURY CORP-REG-S 4.25000% 12-21.07.23 | 850 000.00 | 577 426.12 | 0.19 |
| AUD	TREASURY CORP OF VICTORIA 6.00000% 03-17.10.22 | 1 300 000.00 | 888 867.18 | 0.30 |
| Total AUD |  | 10 569 109.01 | 3.53 |
| CAD |  |  |  |
| CAD	CANADA, GOVERNMENT 0.75000% 16-01.09.21 | 2 350 000.00 | 1 507 983.21 | 0.50 |
| CAD	CANADA, GOVERNMENT 0.50000% 16-01.03.22 | 2 350 000.00 | 1 506 542.93 | 0.50 |
| CAD	CANADA, GOVERNMENT 2.75000% 14-01.12.64 | 1 500 000.00 | 1 509 703.43 | 0.51 |
| CAD	CANADA, GOVERNMENT 2.75000% 14-01.12.48 | 1 000 000.00 | 894 822.08 | 0.30 |
| CAD	CANADA, GOVERNMENT 2.25000% 14-01.06.25 | 1 800 000.00 | 1 250 476.87 | 0.42 |
| CAD	CANADA, GOVERNMENT 3.25000% 10-01.06.21 | 5 000 000.00 | 3 257 537.49 | 1.09 |
| CAD	CANADA, GOVERNMENT 3.50000% 11-01.12.45 | 1 150 000.00 | 1 130 678.34 | 0.38 |
| CAD	CANADA, GOVERNMENT 5.75000% 01-01.06.33 | 1 050 000.00 | 1 078 377.38 | 0.36 |
| Total CAD |  | 12 136 121.73 | 4.06 |
| EUR |  |  |  |
| EUR	GERMANY, REPUBLIC OF 1.50000% 14-15.05.24 | 200 000.00 | 216 504.00 | 0.07 |
| EUR	GERMANY, REPUBLIC OF 4.75000% 98-04.07.28 | 200 000.00 | 286 127.60 | 0.10 |
| EUR	GERMANY, REPUBLIC OF 4.00000% 05-04.01.37 | 350 000.00 | 605 377.50 | 0.20 |
| EUR	GERMANY, REPUBLIC OF 2.25000% 11-04.09.21 | 100 000.00 | 102 680.80 | 0.03 |
| EUR	ITALY, REPUBLIC OF BTP 3.75000% 10-01.03.21 | 2 200 000.00 | 2 238 038.00 | 0.75 |
| EUR	ITALY, REPUBLIC OF-BTP 4.00000% 05-01.02.37 | 660 000.00 | 917 430.36 | 0.31 |
| EUR	ITALY, REPUBLIC OF-BTP 2.20000% 17-01.06.27 | 1 400 000.00 | 1 555 086.40 | 0.52 |
| Total EUR |  | 5 921 244.66 | 1.98 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Annual report and audited financial statements as of 30 September 2020
|  | Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| USD |  |  |  |  |
| USD | CHINA OVERSEAS FINANCE CAYMAN II-REG-S 5.50000% 10-10.11.20 | 400 000.00 | 343 026.48 | 0.11 |
| USD | PFIZER INC 7.20000% 09-15.03.39 | 400 000.00 | 565 636.60 | 0.19 |
| Total USD |  |  | 908 663.08 | 0.30 |
| Total Bonds, fixed rate |  | 29 535 138.48 | 9.87 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.00000% 07-15.05.37 | 3 100 000.00 | 4 287 357.76 | 1.43 |
| USD	AMERICA, UNITED STATES OF 3.50000% 09-15.02.39 | 400 000.00 | 479 456.24 | 0.16 |
| USD	AMERICA, UNITED STATES OF 3.62500% 14-15.02.44 | 3 590 000.00 | 4 482 142.47 | 1.50 |
| USD	AMERICA, UNITED STATES OF 3.00000% 15-15.05.45 | 1 200 000.00 | 1 372 971.91 | 0.46 |
| USD	AMERICA, UNITED STATES OF 2.25000% 16-15.08.46 | 1 400 000.00 | 1 413 158.67 | 0.47 |
| USD	AMERICA, UNITED STATES OF 1.87500% 17-30.09.22 | 6 450 000.00 | 5 691 800.34 | 1.90 |
| USD	AMERICA, UNITED STATES OF 1.75000% 17-15.11.20 | 5 000 000.00 | 4 272 392.45 | 1.43 |
| USD	AMERICA, UNITED STATES OF 2.37500% 14-15.08.24 | 4 800 000.00 | 4 436 265.88 | 1.48 |
| USD	AMERICA, UNITED STATES OF 2.00000% 15-15.02.25 | 4 700 000.00 | 4 315 036.07 | 1.44 |
| USD	AMERICA, UNITED STATES OF 2.50000% 14-15.05.24 | 4 750 000.00 | 4 387 997.86 | 1.47 |
| Total USD |  | 35 138 579.65 | 11.74 |
| Total Treasury notes, fixed rate |  | 35 138 579.65 | 11.74 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 232 922 791.37 | 77.85 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Treasury bills, zero coupon |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 23.07.20-21.01.21 | 9 000 000.00 | 7 672 476.86 | 2.56 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 05.12.19-03.12.20 | 9 000 000.00 | 7 673 648.36 | 2.57 |
| Total USD |  | 15 346 125.22 | 5.13 |
| Total Treasury bills, zero coupon |  | 15 346 125.22 | 5.13 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	MORGAN STANLEY 3.75000% 13-25.02.23 | 400 000.00 | 366 116.20 | 0.12 |
| Total USD |  | 366 116.20 | 0.12 |
| Total Notes, fixed rate |  | 366 116.20 | 0.12 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 3.30000% 13-11.01.23 | 400 000.00 | 362 081.85 | 0.12 |
| Total USD |  | 362 081.85 | 0.12 |
| Total Medium term notes, fixed rate |  | 362 081.85 | 0.12 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA MOVIL SAB DE CV 3.12500% 12-16.07.22 | 400 000.00 | 354 752.06 | 0.12 |
| Total USD |  | 354 752.06 | 0.12 |
| Total Bonds, fixed rate | 354 752.06 | 0.12 |
| Total Transferable securities and money market instruments traded on another regulated market | 16 429 075.33 | 5.49 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |  |
| Investment funds, open end |  |  |
| Luxembourg |  |  |
| USD	UBS (LUX) BOND SICAV - ASIAN HIGH YIELD U-X-ACC	1 163.00 | 11 791 490.03 | 3.94 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND-GLOBAL BONDS (USD)-U-X ACC	765.00 | 8 977 550.46 | 3.00 |
| USD	UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC	225.00 | 6 019 429.71 | 2.01 |
| Total Luxembourg | 26 788 470.20 | 8.95 |
| Total Investment funds, open end | 26 788 470.20 | 8.95 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 26 788 470.20 | 8.95 |
| Total investments in securities | 276 140 336.90 | 92.29 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange Financial Futures on bonds |
|  |  |  |  |
| EUR	EURO-BUND FUTURE 08.12.20 | -150.00 | -111 470.00 | -0.04 |
| JPY	JAPANESE GOVERNMENT 10Y BOND MINI (SGX) FUTURE 11.12.20 | -100.00 | -37 373.81 | -0.01 |
| AUD	AUSTRALIA 10YR BOND FUTURE 15.12.20 | 203.00 | 179 420.74 | 0.06 |
| CAD	CAN 10YR BOND FUTURE 18.12.20 | 220.00 | -13 330.21 | 0.00 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR)
Annual report and audited financial statements as of 30 September 2020
|  | Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | US 5YR TREASURY NOTE FUTURE 31.12.20 | 115.00 | 17 281.86 | 0.01 |
| USD | US 10YR TREASURY NOTE FUTURE 21.12.20 | -275.00 | -43 970.92 | -0.02 |
| USD | US 2YR TREASURY NOTE FUTURE 31.12.20 | 215.00 | 15 989.47 | 0.01 |
| USD | US ULTRA LONG BOND (CBT) FUTURE 21.12.20 | 16.00 | -23 557.76 | -0.01 |
| Total Financial Futures on bonds |  | -17 010.63 | 0.00 |
| Financial Futures on Indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 18.12.20 | -343.00 | 222 570.00 | 0.07 |
| EUR	EURO STOXX SMALL 200 INDEX FUTURE 18.12.20 | 466.00 | -144 820.00 | -0.05 |
| CHF	SWISS MARKET INDEX FUTURE 18.12.20 | -107.00 | 204 590.39 | 0.07 |
| GBP	FTSE 100 INDEX FUTURE 18.12.20 | -89.00 | 171 217.59 | 0.06 |
| SEK	OMX 30 INDEX FUTURE 16.10.20 | -370.00 | -98 711.63 | -0.03 |
| USD	S&P500 EMINI FUTURE 18.12.20 | -53.00 | -64 631.39 | -0.02 |
| AUD	SPI 200 INDEX FUTURES 17.12.20 | -66.00 | 150 544.09 | 0.05 |
| CAD	S&P/TSX 60 INDEX FUTURE 17.12.20 | -20.00 | 9 091.10 | 0.00 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 18.12.20 | 619.00 | -408 233.49 | -0.14 |
| USD	RUSSELL 2000 E-MINI INDEX FUTURE 18.12.20 | -95.00 | 112 405.66 | 0.04 |
| USD	E-MINI RUSSELL 1000 VALUE INDEX FUTURE 18.12.20 | 299.00 | -91 792.09 | -0.03 |
| JPY	TOPIX INDX FUTURE 10.12.20 | 76.00 | -18 383.88 | -0.01 |
| Total Financial Futures on Indices | 43 846.35 | 0.01 |
| Total Derivative instruments listed on an official stock exchange | 26 835.72 | 0.01 |
| Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  |  |
| Credit default swaps* |  |  |
|  |  |  |
| USD	ICE/CDX.EM.34-V1 CDI REC 1.00000% 20-20.12.25	18 800 000.00 | -1 013 502.56 | -0.34 |
| USD	ICE/CDX.NA.IG.35-V1 CDI REC 1.00000% 20-20.12.25	5 350 000.00 | 96 350.54 | 0.03 |
| USD	ICE/CDX.NA.HY.35-V1 CDI REC 5.00000% 20-20.12.25	31 950 000.00 | 1 154 218.48 | 0.39 |
| Total Credit default swaps | 237 066.46 | 0.08 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market | 237 066.46 | 0.08 |
| Total Derivative instruments | 263 902.18 | 0.09 |
| Forward Foreign Exchange contracts |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |

| EUR | 18 733 147.69 | AUD | 30 461 727.92 | 12.11.2020 | 129 740.72 | 0.04 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 179 107 838.74 | USD | 211 931 320.37 | 12.11.2020 | -1 452 461.43 | -0.48 |
| EUR | 22 840 679.08 | CAD | 35 483 406.09 | 12.11.2020 | 204 437.89 | 0.07 |
| EUR | 13 642 838.32 | GBP | 12 304 999.77 | 12.11.2020 | 86 148.56 | 0.03 |
| EUR | 5 280 680.18 | DKK | 39 300 000.00 | 12.11.2020 | 1 832.84 | 0.00 |
| NOK | 81 977 918.42 | EUR | 7 722 588.17 | 12.11.2020 | -257 341.18 | -0.09 |
| EUR | 6 174 648.54 | NZD | 10 935 000.00 | 12.11.2020 | 16 640.49 | 0.01 |
| EUR | 5 808 546.87 | SEK | 60 314 097.80 | 12.11.2020 | 64 183.05 | 0.02 |
| JPY | 1 282 075 005.00 | EUR | 10 205 343.09 | 12.11.2020 | 150 833.19 | 0.05 |
| EUR | 18 208 995.89 | CHF | 19 727 917.49 | 12.11.2020 | -108 108.19 | -0.04 |
| EUR | 2 305 959.48 | HKD | 21 149 999.57 | 12.11.2020 | -18 681.75 | -0.01 |
| MXN | 162 950 000.00 | EUR | 6 292 208.87 | 12.11.2020 | -34 453.67 | -0.01 |
| EUR | 165 792.08 | AUD | 270 000.00 | 12.11.2020 | 899.27 | 0.00 |
| EUR | 11 474 483.77 | USD | 13 650 000.00 | 12.11.2020 | -154 982.29 | -0.05 |
| EUR | 282 168.77 | AUD | 460 000.00 | 12.11.2020 | 1 240.28 | 0.00 |
| CAD | 45 363 000.00 | EUR | 29 020 730.28 | 19.10.2020 | -67 824.48 | -0.02 |
| GBP | 23 630 400.00 | EUR | 25 665 538.62 | 19.10.2020 | 379 779.17 | 0.13 |
| ZAR | 116 370 000.00 | AUD | 9 680 531.88 | 12.11.2020 | 1 913.44 | 0.00 |
| EUR | 176 913.36 | CHF | 190 000.00 | 12.11.2020 | 500.93 | 0.00 |
| USD | 14 596 878.38 | TWD | 418 040 000.00 | 27.11.2020 | 37 557.84 | 0.01 |
| USD | 7 317 180.77 | KRW | 8 508 930 000.00 | 27.11.2020 | 11 724.88 | 0.00 |
| COP | 23 689 110 000.00 | USD | 6 211 500.49 | 27.11.2020 | -71 264.53 | -0.02 |
| BRL | 36 740 000.00 | USD | 6 774 223.29 | 27.11.2020 | -226 368.32 | -0.08 |
| CLP | 5 967 850 000.00 | USD | 7 732 879.82 | 27.11.2020 | -131 041.79 | -0.04 |
| EUR | 819 391.58 | USD | 960 000.00 | 12.11.2020 | 1 495.07 | 0.00 |
| EUR | 80 508.17 | GBP | 73 800.00 | 19.10.2020 | -833.85 | 0.00 |
| EUR | 1 008 815.39 | CAD | 1 573 500.00 | 19.10.2020 | 4 530.02 | 0.00 |
| JPY | 250 000 000.00 | EUR | 2 036 051.30 | 12.11.2020 | -16 634.29 | -0.01 |
| EUR | 657 859.77 | GBP | 601 600.00 | 19.10.2020 | -5 220.97 | 0.00 |
| EUR | 188 412.27 | USD | 220 000.00 | 12.11.2020 | 977.65 | 0.00 |
| EUR | 381 722.79 | JPY | 47 000 000.00 | 12.11.2020 | 2 072.39 | 0.00 |
| GBP | 730 000.00 | EUR | 804 594.79 | 12.11.2020 | -337.68 | 0.00 |
| EUR | 296 448.85 | AUD | 490 000.00 | 12.11.2020 | -2 801.06 | 0.00 |
| CAD | 141 900.00 | EUR | 90 936.21 | 19.10.2020 | -368.63 | 0.00 |
| Total Forward Foreign Exchange contracts | -1 452 216.43 | -0.49 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 23 721 788.77** | 7.93 |
| Other assets and liabilities | 531 652.71 | 0.18 |
| Total net assets | 299 205 464.13 | 100.00 |
| * Positive nominal: the subfund is “Receiver of protection”, negative nominal: the subfund is “Seller of protection”. ** As at 30 September 2020, cash amounts serve as collateral for the counterparty Bank of America for an amount of EUR 383 746.22. |  |  |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Annual report and audited financial statements as of 30 September 2020

Translation (ENDE, 2020-09-30):
# UBS (Lux) Key Selection SICAV – Global Allocation (EUR)
| Dreijahresvergleich |  |
| --- | --- |
|  | ISIN | 30.9.2020 | 30.9.2019 | 30.9.2018 |
| Nettovermögen in EUR |  | 299 205 464.13 | 328 913 271.81 | 398 734 669.63 |
| Klasse I-A2-acc 1 | LU0423399384 |  |  |  |
| Aktien im Umlauf |  | - | 15 048.7340 | 20 037.5960 |
| Nettoinventarwert pro Aktie in EUR |  | - | 109.93 | 108.17 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | - | 109.93 | 108.17 |
| Klasse (CAD hedged) I-X-dist | LU0423402782 |  |  |  |
| Aktien im Umlauf |  | 231 310.7990 | 200 843.8660 | 205 220.4740 |
| Nettoinventarwert pro Aktie in CAD |  | 115.35 | 111.78 | 109.24 |
| Ausgabe- und Rücknahmepreis pro Aktie in CAD 2 |  | 115.35 | 111.78 | 109.24 |
| Klasse (USD hedged) I-X-dist 3 | LU1611256956 |  |  |  |
| Aktien im Umlauf |  | - | - | 62 694.0780 |
| Nettoinventarwert pro Aktie in USD |  | - | - | 109.38 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | - | - | 109.38 |
| Klasse K-1-UKdist 4 | LU1240062015 |  |  |  |
| Aktien im Umlauf |  | - | - | 3.7000 |
| Nettoinventarwert pro Aktie in EUR |  | - | - | 3 087 817.39 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | - | - | 3 087 817.39 |
| Klasse N-6%-mdist | LU1121266784 |  |  |  |
| Aktien im Umlauf |  | 101 614.2390 | 108 111.1550 | 115 825.9700 |
| Nettoinventarwert pro Aktie in EUR |  | 76.75 | 80.24 | 85.34 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 76.75 | 80.24 | 85.34 |
| Klasse N-acc | LU0423397842 |  |  |  |
| Aktien im Umlauf |  | 22 697.9000 | 22 587.5120 | 27 633.3980 |
| Nettoinventarwert pro Aktie in EUR |  | 141.08 | 139.06 | 139.37 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 141.08 | 139.06 | 139.37 |
| Klasse P-acc | LU0197216558 |  |  |  |
| Aktien im Umlauf |  | 14 046 893.3860 | 16 017 058.2640 | 19 142 095.5940 |
| Nettoinventarwert pro Aktie in EUR |  | 14.76 | 14.48 | 14.45 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 14.76 | 14.48 | 14.45 |
| Klasse (CAD hedged) P-acc | LU0218832045 |  |  |  |
| Aktien im Umlauf |  | 988 351.3610 | 1 050 616.4490 | 1 455 789.5160 |
| Nettoinventarwert pro Aktie in CAD |  | 14.54 | 14.09 | 13.78 |
| Ausgabe- und Rücknahmepreis pro Aktie in CAD 2 |  | 14.54 | 14.09 | 13.78 |
| Klasse (GBP hedged) P-acc | LU0678606244 |  |  |  |
| Aktien im Umlauf |  | 1 179 414.8470 | 1 279 381.7290 | 1 438 550.7160 |
| Nettoinventarwert pro Aktie in GBP |  | 15.64 | 15.34 | 15.12 |
| Ausgabe- und Rücknahmepreis pro Aktie in GBP 2 |  | 15.64 | 15.34 | 15.12 |
| Klasse Q-acc | LU0423398907 |  |  |  |
| Aktien im Umlauf |  | 158 383.5430 | 175 222.2070 | 183 136.0010 |
| Nettoinventarwert pro Aktie in EUR |  | 167.87 | 163.03 | 160.99 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 167.87 | 163.03 | 160.99 |
| Klasse (CAD hedged) Q-acc | LU0423401628 |  |  |  |
| Aktien im Umlauf |  | 28 250.6620 | 33 560.7960 | 30 533.7580 |
| Nettoinventarwert pro Aktie in CAD |  | 128.62 | 123.41 | 119.46 |
| Ausgabe- und Rücknahmepreis pro Aktie in CAD 2 |  | 128.62 | 123.41 | 119.46 |
| Klasse (GBP hedged) Q-acc | LU1240794971 |  |  |  |
| Aktien im Umlauf | 39 649.9600 | 29 919.4080 | 32 762.5430 |
| Nettoinventarwert pro Aktie in GBP | 124.49 | 120.86 | 117.94 |
| Ausgabe- und Rücknahmepreis pro Aktie in GBP 2 | 124.49 | 120.86 | 117.94 |
| 1  Die Aktienklasse I-A2-acc war bis zum 22.10.2019 im Umlauf 2  Siehe Erläuterung 1 3  Die Aktienklasse (USD hedged) I-X-dist war bis zum 13.2.2019 im Umlauf 4  Die Aktienklasse K-1-UKdist war bis zum 26.3.2019 im Umlauf |  |  |  |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Jahresbericht und geprüfter Jahresabschluss per 30. September 2020
| Performance |  |
| --- | --- |
|  | Währung | 2019/2020 | 2018/2019 | 2017/2018 |
| Klasse I-A2-acc 1 | EUR | - | 1.6% | 5.4% |
| Klasse (CAD hedged) I-X-dist | CAD | 5.4% | 4.4% | 8.1% |
| Klasse (USD hedged) I-X-dist 2 | USD | - | - | 8.6% |
| Klasse K-1-UKdist 3 | EUR | - | - | 4.7% |
| Klasse N-6%-mdist | EUR | 1.5% | -0.2% | 3.5% |
| Klasse N-acc | EUR | 1.5% | -0.2% | 3.5% |
| Klasse P-acc | EUR | 1.9% | 0.2% | 4.0% |
| Klasse (CAD hedged) P-acc | CAD | 3.2% | 2.2% | 5.9% |
| Klasse (GBP hedged) P-acc | GBP | 2.0% | 1.5% | 4.9% |
| Klasse Q-acc | EUR | 3.0% | 1.3% | 5.0% |
| Klasse (CAD hedged) Q-acc | CAD | 4.2% | 3.3% | 7.0% |
| Klasse (GBP hedged) Q-acc | GBP | 3.0% | 2.5% | 6.0% |

1 
Die Aktienklasse I-A2-acc war bis zum 22.10.2019 im Umlauf. Auf Grund dessen liegen keine Daten für die Berechnung der Performance vor.
2 
Die Aktienklasse (USD hedged) I-X-dist war bis zum 13.2.2019 im Umlauf. Auf Grund dessen liegen keine Daten für die Berechnung der Performance vor.
3 
Die Aktienklasse K-1-UKdist war bis zum 26.3.2019 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.
UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Jahresbericht und geprüfter Jahresabschluss per 30. September 2020

## Bericht des Portfolio Managers
Der Beginn des Geschäftsjahres vom 1. Oktober 2019 bis 30. September 2020 war geprägt von anhaltenden Schlagzeilen über die Brexit-Gespräche und das Han- delsdefizit zwischen den USA und China. Die abneh- mende Wahrscheinlichkeit eines Worst-Case-Szenarios bei beiden Themen trug dazu bei, die positive Anle- gerstimmung gegen Ende 2019 zu unterstützen. Im
1. Quartal 2020 kam es jedoch erneut zu Wirtschafts- und Marktturbulenzen, was die enorme Unsicherheit spiegelt, die der Ausbruch des Coronavirus im Jahr 2020, zuerst in China und dann weltweit, hinsichtlich der Aussichten sowohl für die Wirtschaftstätigkeit als auch für die Unternehmensgewinne geschaffen hat. COVID-19 und die daraus resultierenden staatlichen Massnahmen haben zum wahrscheinlich schärfsten Rückgang des Wirtschaftswachstums in der Geschichte geführt. Seit dem Höhepunkt der Pandemie im Frühjahr wird das Marktgeschehen vom Übergang hin zu einer
«neuen Normalität» beherrscht, die durch die Kräfte der technologischen Störungen, der Defizitfinanzierung und weiterer Massnahmen der Zentralbanken voran- getrieben wird. Diese Kräfte trieben die Aktien- und Kreditmärkte während des zweiten und dritten Quar- tals 2020 weiter nach oben. Gegen Ende des dritten Quartals 2020 geriet die politische Unsicherheit wieder in den Vordergrund. Verschiedene politische Risiken, die von den US-Wahlen über die Beziehungen zwischen den USA und China bis hin zu Brexit reichten, tauchten wieder auf und trugen zur Volatilität an den Märkten bei.
Der Subfonds verzeichnete im Geschäftsjahr vom
1. Oktober 2019 bis 30. September 2020 eine positive Performance in allen Anteilsklassen. Während der Sub- fonds im ersten Quartal 2020 im Zusammenhang mit den durch den Ausbruch des Coronavirus verursachten Marktturbulenzen in allen Anteilsklassen Rückgänge hinnehmen musste, erholte er sich in den beiden fol- genden Quartalen des Jahres 2020 stark. Der Haup- timpuls war eine Erholung der globalen Aktienmärkte, wobei die starke Entwicklung des US-Aktienmarktes überwiegend zur Performance beitrug. Nach anfängli- chen Verlusten, die durch die Ausweitung der Kreditrisi- koprämien verursacht wurden, profitierte der Subfonds von der anschliessenden Erholung und der Veren- gung der Kreditrisikoprämien in den folgenden zwei Quartalen. Insgesamt trugen Aktien und Investment- Grade-Anleihen positiv zur Performance bei, während hochverzinsliche Kredite und Schwellenländeranleihen einen negativen Beitrag leisteten.

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
Vereinigte Staaten	46.76
| Luxemburg | 8.95 |
| --- | --- |
| Grossbritannien | 4.18 |
| Kanada | 4.18 |
| Australien | 4.10 |
| Frankreich | 3.30 |
| Niederlande | 3.23 |
| Schweiz | 2.98 |
| Deutschland | 2.92 |
| Italien | 2.72 |
| Japan | 1.99 |
| Dänemark | 1.49 |
| Finnland | 1.28 |
| Schweden | 0.90 |
| Hongkong | 0.66 |
| Irland | 0.54 |
| Spanien | 0.45 |
| Cayman-Inseln | 0.41 |
| Österreich | 0.23 |
| Bermuda | 0.22 |
| Norwegen | 0.22 |
| Belgien | 0.20 |
| China | 0.14 |
| Vereinigte Arabische Emirate | 0.12 |
| Mexiko | 0.12 |
| Total | 92.29 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Länder- & Zentralregierungen | 26.22 |
| --- | --- |
| Internet, Software & IT-Dienste | 11.81 |
| Anlagefonds | 8.95 |
| Pharmazeutik, Kosmetik & medizinische Produkte | 4.59 |
| Finanz- & Beteiligungsgesellschaften | 4.28 |
| Banken & Kreditinstitute | 3.99 |
| Detailhandel, Warenhäuser | 3.87 |
| Elektronik & Halbleiter | 3.15 |
| Versicherungen | 2.40 |
| Telekommunikation | 1.93 |
| Nahrungsmittel & Softdrinks | 1.87 |
| Computer & Netzwerkausrüster | 1.68 |
| Erdöl | 1.25 |
| Biotechnologie | 1.20 |
| Diverse Konsumgüter | 1.11 |
| Fahrzeuge | 1.11 |
| Elektrische Geräte & Komponenten | 1.07 |
| Verkehr & Transport | 1.05 |
| Gastgewerbe & Freizeit | 1.05 |
| Tabak & alkoholische Getränke | 1.02 |
| Maschinen & Apparate | 0.84 |
| Chemie | 0.84 |
| Gesundheits- & Sozialwesen | 0.83 |
| Textilien, Kleidung & Lederwaren | 0.79 |
| Grafisches Gewerbe, Verlage & Medien | 0.71 |
| Nichteisenmetalle | 0.66 |
| Diverse Dienstleistungen | 0.62 |
| Öffentlich-rechtliche Körperschaften | 0.59 |
| Diverse Investitionsgüter | 0.47 |
| Energie- & Wasserversorgung | 0.43 |
| Baugewerbe & Baumaterial | 0.43 |
| Umwelt & Recycling | 0.40 |
| Gummi & Reifen | 0.39 |
| Immobilien | 0.30 |
| Kantone, Bundesstaaten | 0.20 |
| Landwirtschaft & Fischerei | 0.12 |
| Flugzeug- & Raumfahrtindustrie | 0.07 |
| Total | 92.29 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Jahresbericht und geprüfter Jahresabschluss per 30. September 2020

## Nettovermögensaufstellung
Aktiva	30.9.2020
EUR
Wertpapierbestand, Einstandswert	242 973 155.96
Wertpapierbestand, nicht realisierte Werterhöhung (-minderung)		33 167 180.94	
Total Wertpapierbestand (Erläuterung 1)	276 140 336.90
Bankguthaben, Sicht- und Fristgelder	9 049 703.68*
Andere liquide Mittel (Margins)	14 672 085.09
Forderungen aus Wertpapierverkäufen (Erläuterung 1)	712 097.45
Forderungen aus Zeichnungen	36 382.73
Zinsforderungen aus Wertpapieren	536 020.53
Zinsforderungen aus liquiden Mitteln	2 202.45
Forderungen aus Dividenden	80 189.67
Zinsforderungen aus Swaps (Erläuterung 1)	34 058.66
Sonstige Forderungen	151 120.48
Nicht realisierter Kursgewinn aus Finanzterminkontrakten (Erläuterung 1)	26 835.72
Total Aktiva	301 678 099.82
Passiva
Nicht realisierter Kursgewinn aus Swaps (Erläuterung 1)	237 066.46
Nicht realisierter Kursverlust aus Devisenterminkontrakten (Erläuterung 1)	-1 452 216.43
Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1)	-599 092.32
Verbindlichkeiten aus Rücknahmen	-153 285.00
Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2)	-224 376.95
Rückstellungen für Abonnementsabgabe (Erläuterung 3)	-32 500.74
Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2)		-11 164.25		 Total Rückstellungen für Aufwendungen			-268 041.94
Total Passiva	-2 472 635.69
Nettovermögen am Ende des Geschäftsjahres	299 205 464.13

## Ertrags- und Aufwandsrechnung
Erträge	1.10.2019-30.9.2020
EUR
Zinsertrag auf liquide Mittel	31 239.06
Zinsen auf Wertpapiere	2 320 620.64
Dividenden (Erläuterung 1)	2 369 326.64
Zinsertrag auf Swaps (Erläuterung 1)	1 100 210.52
Erträge aus Securities Lending (Erläuterung 16)	240 972.43
Total Erträge	6 078 406.66
Aufwendungen
Sonstige Erträge (Erläuterung 4)	16 037.37
Zinsaufwand auf Swaps (Erläuterung 1)	-111 044.54
Pauschale Verwaltungskommission (Erläuterung 2)	-5 747 535.99
Abonnementsabgabe (Erläuterung 3)	-132 731.99
Kosten aus Securities Lending (Erläuterung 16)	-96 388.97
Sonstige Kommissionen und Gebühren (Erläuterung 2)	-94 632.67
Nettoerträge (-verluste) aus Anlagen	-168 675.05
Total Aufwendungen	-6 247 081.71
Zinsaufwand auf liquide Mittel und Kontokorrentkredit	-64 747.55
Realisierte Gewinne (Verluste) (Erläuterung 1)
Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen	13 956 052.01
Realisierter Kursgewinn (-verlust) aus renditebewerteten Wertpapieren und Geldmarktinstrumenten	-796 827.92
Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten	-1 470 732.88
Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten	-3 274 264.04
Realisierter Kursgewinn (-verlust) aus Swaps	-387 468.27
Realisierter Nettogewinn (-verlust) des Geschäftsjahres	8 588 563.11
Total der realisierten Gewinne (Verluste)	8 757 238.16
Realisierter Währungsgewinn (-verlust)	730 479.26
Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1)
Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen	-11 324 203.68 Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente		152 942.50
Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten	11 952.59
Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten	6 085 029.07
Total der Veränderungen der nicht realisierten Werterhöhung (-minderung)	-5 919 585.27
Nicht realisierte Werterhöhung (-minderung) von Swaps	-845 305.75
Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit	2 668 977.84
* Zum 30. September 2020 wurden gegenüber Bank of America Bankguthaben in Höhe von EUR 383 746.22 als Sicherheit eingesetzt.
UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Jahresbericht und geprüfter Jahresabschluss per 30. September 2020
| Veränderung des Nettovermögens |  |
| --- | --- |
|  | EUR |
|  | 1.10.2019-30.9.2020 |
| Nettovermögen zu Beginn des Geschäftsjahres | 328 913 271.81 |
| Zeichnungen | 19 983 058.26 |
| Rücknahmen | 	-51 551 767.03	 |
| Total Mittelzufluss (-abfluss) | -31 568 708.77 |
| Ausbezahlte Dividende | -808 076.75 |
| Nettoerträge (-verluste) aus Anlagen | -168 675.05 |
| Total der realisierten Gewinne (Verluste) | 8 757 238.16 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	-5 919 585.27	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 2 668 977.84 |
| Nettovermögen am Ende des Geschäftsjahres | 299 205 464.13 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.10.2019-30.9.2020 |
| Klasse | I-A2-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 15 048.7340 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -15 048.7340 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 0.0000 |
| Klasse | (CAD hedged) I-X-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 200 843.8660 |
| Anzahl der ausgegebenen Aktien | 30 904.2090 |
| Anzahl der zurückgegebenen Aktien | -437.2760 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 231 310.7990 |
| Klasse | N-6%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 108 111.1550 |
| Anzahl der ausgegebenen Aktien | 26 869.4130 |
| Anzahl der zurückgegebenen Aktien | -33 366.3290 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 101 614.2390 |
| Klasse | N-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 22 587.5120 |
| Anzahl der ausgegebenen Aktien | 4 506.1210 |
| Anzahl der zurückgegebenen Aktien | -4 395.7330 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 22 697.9000 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 16 017 058.2640 |
| Anzahl der ausgegebenen Aktien | 504 592.7000 |
| Anzahl der zurückgegebenen Aktien | -2 474 757.5780 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 14 046 893.3860 |
| Klasse | (CAD hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 1 050 616.4490 |
| Anzahl der ausgegebenen Aktien | 35 261.1390 |
| Anzahl der zurückgegebenen Aktien | -97 526.2270 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 988 351.3610 |
| Klasse | (GBP hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 1 279 381.7290 |
| Anzahl der ausgegebenen Aktien | 36 392.2130 |
| Anzahl der zurückgegebenen Aktien | -136 359.0950 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 1 179 414.8470 |
| Klasse | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 175 222.2070 |
| Anzahl der ausgegebenen Aktien | 29 250.4010 |
| Anzahl der zurückgegebenen Aktien | -46 089.0650 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 158 383.5430 |
| Klasse | (CAD hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 33 560.7960 |
| Anzahl der ausgegebenen Aktien | 838.9460 |
| Anzahl der zurückgegebenen Aktien | -6 149.0800 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 28 250.6620 |
| Klasse | (GBP hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 29 919.4080 |
| Anzahl der ausgegebenen Aktien | 10 407.9790 |
| Anzahl der zurückgegebenen Aktien | -677.4270 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 39 649.9600 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Jahresbericht und geprüfter Jahresabschluss per 30. September 2020
| Jährliche Ausschüttung 1 |  |
| --- | --- |
| UBS (Lux) Key Selection SICAV – Global Allocation (EUR) | Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| (CAD hedged) I-X-dist | 2.12.2019 | 5.12.2019 | CAD | 2.39 |
| Monatliche Ausschüttung 1 |  |  |  |  |
| UBS (Lux) Key Selection SICAV – Global Allocation (EUR) | Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| N-6%-mdist | 10.10.2019 | 15.10.2019 | EUR | 0.40 |
| N-6%-mdist | 11.11.2019 | 14.11.2019 | EUR | 0.40 |
| N-6%-mdist | 10.12.2019 | 13.12.2019 | EUR | 0.40 |
| N-6%-mdist | 10.1.2020 | 15.1.2020 | EUR | 0.41 |
| N-6%-mdist | 10.2.2020 | 13.2.2020 | EUR | 0.40 |
| N-6%-mdist | 10.3.2020 | 13.3.2020 | EUR | 0.38 |
| N-6%-mdist | 14.4.2020 | 17.4.2020 | EUR | 0.34 |
| N-6%-mdist | 11.5.2020 | 14.5.2020 | EUR | 0.36 |
| N-6%-mdist | 10.6.2020 | 15.6.2020 | EUR | 0.37 |
| N-6%-mdist | 10.7.2020 | 15.7.2020 | EUR | 0.37 |
| N-6%-mdist | 10.8.2020 | 13.8.2020 | EUR | 0.38 |
| N-6%-mdist | 10.9.2020 | 15.9.2020 | EUR | 0.39 |
| 1  Siehe Erläuterung 5 |  |  |  |  |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Jahresbericht und geprüfter Jahresabschluss per 30. September 2020

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. September 2020
| Bezeichnung | Anzahl/ | Bewertung in EUR | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Inhaberaktien |  |  |  |
| Österreich |  |  |  |
| EUR	ERSTE GROUP BK AG NPV | 39 050.00 | 698 018.75 | 0.23 |
| Total Österreich |  | 698 018.75 | 0.23 |
| Bermuda |  |  |  |
| USD	MARVELL TECH GROUP COM USD0.002 | 19 283.00 | 652 824.88 | 0.22 |
| Total Bermuda |  | 652 824.88 | 0.22 |
| Dänemark |  |  |  |
| DKK	GENMAB AS DKK1 (BEARER) | 3 350.00 | 1 035 105.03 | 0.35 |
| DKK	ORSTED A/S DKK10 | 7 112.00 | 836 392.38 | 0.28 |
| Total Dänemark |  | 1 871 497.41 | 0.63 |
| Frankreich |  |  |  |
| EUR	AIR LIQUIDE(L’) EUR5.5 (POST-SUBDIVISION) | 8 671.00 | 1 174 920.50 | 0.39 |
| EUR	ARKEMA EUR10 | 5 491.00 | 497 594.42 | 0.17 |
| EUR	AXA EUR2.29 | 44 197.00 | 697 251.87 | 0.24 |
| EUR	EIFFAGE EUR4 | 6 505.00 | 454 179.10 | 0.15 |
| EUR	LEGRAND SA EUR4 | 10 167.00 | 693 186.06 | 0.23 |
| EUR	LVMH MOET HENNESSY EUR0.30 | 2 561.00 | 1 022 863.40 | 0.34 |
| EUR	SANOFI EUR2 | 21 484.00 | 1 833 229.72 | 0.61 |
| EUR	SCHNEIDER ELECTRIC EUR8 | 12 736.00 | 1 350 652.80 | 0.45 |
| EUR	TELEPERFORMANCE EUR2.50 | 3 564.00 | 939 470.40 | 0.32 |
| EUR	VALEO EUR1 (POST SUBD) | 26 008.00 | 682 710.00 | 0.23 |
| EUR	WORLDLINE EUR0.68 | 7 749.00 | 543 359.88 | 0.18 |
| Total Frankreich |  | 9 889 418.15 | 3.31 |
| Deutschland |  |  |  |
| EUR	CANCOM SE NPV | 5 536.00 | 244 137.60 | 0.08 |
| EUR	CONTINENTAL AG ORD NPV | 12 609.00 | 1 166 080.32 | 0.39 |
| EUR	SAP AG ORD NPV | 13 631.00 | 1 809 651.56 | 0.60 |
| EUR	ZALANDO SE NPV | 8 190.00 | 654 381.00 | 0.22 |
| Total Deutschland |  | 3 874 250.48 | 1.29 |
| Hongkong |  |  |  |
| HKD	AIA GROUP LTD NPV | 156 600.00 | 1 307 866.52 | 0.44 |
| HKD	HONG KONG EXCHANGE HKD1 | 16 600.00 | 660 855.55 | 0.22 |
| Total Hongkong |  | 1 968 722.07 | 0.66 |
| Italien |  |  |  |
| EUR	BANCA MEDIOLANUM NPV | 100 127.00 | 615 781.05 | 0.21 |
| EUR	INFRASTRUTTURE WIR NPV | 70 500.00 | 665 520.00 | 0.22 |
| Total Italien |  | 1 281 301.05 | 0.43 |
| Japan |  |  |  |
| JPY	FANUC CORP NPV | 4 600.00 | 747 896.44 | 0.25 |
| JPY	TECHNOPRO HLDGS IN NPV | 11 500.00 | 605 900.20 | 0.20 |
| Total Japan |  | 1 353 796.64 | 0.45 |
| Niederlande |  |  |  |
| EUR	KONINKLIJKE AHOLD EUR0.01 | 36 751.00 | 927 962.75 | 0.31 |
| EUR	KONINKLIJKE PHILIPS NV EUR0.20 | 27 437.00 | 1 102 967.40 | 0.37 |
| USD	NXP SEMICONDUCTORS EUR0.20 | 5 727.00 | 609 548.35 | 0.20 |
| EUR	SHOP APOTHEKE EURO NPV | 4 871.00 | 727 727.40 | 0.24 |
| EUR	WOLTERS KLUWER EUR0.12 | 6 831.00 | 497 570.04 | 0.17 |
| Total Niederlande |  | 3 865 775.94 | 1.29 |
| Spanien |  |  |  |
| EUR	AENA SME S.A. EUR10 | 5 698.00 | 679 771.40 | 0.23 |
| EUR	EDP RENOVAVEIS SA EUR5 | 46 931.00 | 663 604.34 | 0.22 |
| Total Spanien |  | 1 343 375.74 | 0.45 |
| Schweden |  |  |  |
| SEK	LUNDIN ENERGY AB NPV | 26 363.00 | 448 375.22 | 0.15 |
| Total Schweden |  | 448 375.22 | 0.15 |
| Schweiz |  |  |  |
| GBP	WIZZ AIR HLDGS PLC ORD GBP0.0001 | 11 287.00 | 387 489.62 | 0.13 |
| Total Schweiz |  | 387 489.62 | 0.13 |
| Grossbritannien |  |  |  |
| GBP	BRIT AMER TOBACCO ORD GBP0.25 | 25 741.00 | 788 210.87 | 0.26 |
| GBP	BT GROUP ORD GBP0.05 | 518 867.00 | 562 763.34 | 0.19 |
| USD	LIVANOVA PLC ORD GBP1.00 (DI) | 10 800.00 | 416 379.99 | 0.14 |
| GBP	SAGE GROUP GBP0.01051948 | 109 742.00 | 872 068.47 | 0.29 |
| GBP	SOFTCAT PLC ORD GBP0.0005 (WI) | 44 299.00 | 589 473.29 | 0.20 |
| GBP	SPECTRIS ORD GBP0.05 | 33 307.00 | 894 857.70 | 0.30 |
| EUR	UNILEVER EUR0.16 | 46 798.00 | 2 410 097.00 | 0.80 |
| Total Grossbritannien |  | 6 533 850.66 | 2.18 |
| Vereinigte Staaten |  |  |  |
| USD	ALIGN TECHNOLOGY INC COM | 1 433.00 | 400 039.98 | 0.13 |
| USD	ARISTA NETWORKS IN COM USD0.0001 | 3 142.00 | 554 448.52 | 0.18 |
| USD	BIO RAD LABS INC CL A | 1 920.00 | 843 971.52 | 0.28 |
| USD	BIOMARIN PHARMA COM USD0.001 | 5 400.00 | 350 344.95 | 0.12 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Jahresbericht und geprüfter Jahresabschluss per 30. September 2020
|  | Bezeichnung | Anzahl/ | Bewertung in EUR | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| USD | BOSTON SCIENTIFIC COM USD0.01 | 23 041.00 | 750 775.26 | 0.25 |
| USD | COHERUS BIOSCIENCE COM USD0.0001 | 12 208.00 | 190 930.56 | 0.06 |
| USD | CONSTELLATION BRDS CLASS’A’COM USD0.01 | 1 835.00 | 296 551.27 | 0.10 |
| USD | COUPA SOFTWARE INC COM USD0.0001 | 2 400.00 | 561 272.33 | 0.19 |
| USD | DIGITAL REALTY TRU COM STK USD0.01 | 3 368.00 | 421 513.39 | 0.14 |
| USD | F M C CORP COM NEW | 4 673.00 | 422 050.42 | 0.14 |
| USD | HILL-ROM HLDGS INC COM STK NPV | 8 873.00 | 631 888.65 | 0.21 |
| USD | HUBSPOT INC COM USD0.001 | 2 727.00 | 679 581.47 | 0.23 |
| USD | INCYTE CORPORATION COM USD0.001 | 7 119.00 | 544 799.44 | 0.18 |
| USD | MARSH & MCLENNAN COM USD1 | 7 336.00 | 717 553.58 | 0.24 |
| USD | MIRATI THERAPEUTIC COM NPV | 3 250.00 | 460 207.65 | 0.15 |
| USD | MSA SAFETY INC COM NPV | 9 919.00 | 1 134 892.96 | 0.38 |
| USD | PEPSICO INC CAP USD0.016666 | 3 985.00 | 471 002.43 | 0.16 |
| USD | QORVO INC COM USD 0.0001 | 3 993.00 | 439 292.99 | 0.15 |
| USD | S&P GLOBAL INC COM USD1 | 2 198.00 | 675 903.98 | 0.23 |
| USD | SPLUNK INC COM USD0.001 | 4 709.00 | 755 471.94 | 0.25 |
| USD | TAKE TWO INTERACTI COM USD0.01 | 10 109.00 | 1 424 303.06 | 0.48 |
| USD | THE TRADE DESK INC COM USD0.000001 CL A | 1 090.00 | 482 215.67 | 0.16 |
| USD | THOR INDS INC COM | 3 612.00 | 293 420.13 | 0.10 |
| USD | TRIMBLE INC COM NPV | 11 593.00 | 481 455.76 | 0.16 |
| USD | UNIVERSAL DISPLAY COM USD0.01 | 6 325.00 | 974 869.31 | 0.33 |
| USD | VMWARE INC COM STK USD0.01 CLASS ‘A’ | 9 021.00 | 1 105 229.24 | 0.37 |
| USD | ZENDESK INC COM USD0.01 | 8 950.00 | 785 514.86 | 0.26 |
| Total Vereinigte Staaten |  | 16 849 501.32 | 5.63 |
| Total Inhaberaktien |  | 51 018 197.93 | 17.05 |
| Weitere Aktien |  |  |  |
| Schweiz |  |  |  |
| CHF	ROCHE HLDGS AG GENUSSCHEINE NPV | 8 266.00 | 2 417 947.98 | 0.81 |
| Total Schweiz |  | 2 417 947.98 | 0.81 |
| Total Weitere Aktien |  | 2 417 947.98 | 0.81 |
| Vorzugsaktien |  |  |  |
| Deutschland |  |  |  |
| EUR	HENKEL AG&CO. KGAA NON-VTG PRF NPV | 10 375.00 | 926 695.00 | 0.31 |
| Total Deutschland |  | 926 695.00 | 0.31 |
| Total Vorzugsaktien |  | 926 695.00 | 0.31 |
| Namensaktien |  |  |  |
| Belgien |  |  |  |
| EUR	KBC GROUP NV NPV | 13 992.00 | 598 717.68 | 0.20 |
| Total Belgien |  | 598 717.68 | 0.20 |
| Dänemark |  |  |  |
| DKK	CARLSBERG SER’B’DKK20 | 9 543.00 | 1 097 413.92 | 0.37 |
| DKK	NOVO-NORDISK AS DKK0.2 SER’B’ | 25 138.00 | 1 483 724.03 | 0.49 |
| Total Dänemark |  | 2 581 137.95 | 0.86 |
| Finnland |  |  |  |
| EUR	NESTE OIL OYJ NPV | 17 136.00 | 770 605.92 | 0.26 |
| SEK	NORDEA HOLDING ABP NPV | 125 568.00 | 817 281.78 | 0.27 |
| EUR	SAMPO PLC SER’A’NPV | 66 492.00 | 2 246 764.68 | 0.75 |
| Total Finnland |  | 3 834 652.38 | 1.28 |
| Deutschland |  |  |  |
| EUR	EXASOL AG ORD NPV | 21 424.00 | 448 190.08 | 0.15 |
| EUR	MUENCHENER RUECKVE NPV(REGD) | 3 323.00 | 719 761.80 | 0.24 |
| EUR	SIEMENS AG NPV(REGD) | 12 931.00 | 1 394 996.28 | 0.47 |
| EUR	SIEMENS ENERGY AG NPV | 6 465.50 | 148 706.50 | 0.05 |
| Total Deutschland |  | 2 711 654.66 | 0.91 |
| Irland |  |  |  |
| USD	APTIV PLC COM USD0.01 | 10 307.00 | 805 820.80 | 0.27 |
| EUR	CRH ORD EUR0.32 | 26 560.00 | 819 907.20 | 0.27 |
| Total Irland |  | 1 625 728.00 | 0.54 |
| Italien |  |  |  |
| EUR	ENEL EUR1 | 124 105.00 | 920 610.89 | 0.31 |
| EUR	MEDIOBANCA SPA EUR0.5 | 82 393.00 | 551 868.31 | 0.18 |
| EUR	MONCLER SPA NPV | 19 594.00 | 685 398.12 | 0.23 |
| Total Italien |  | 2 157 877.32 | 0.72 |
| Japan |  |  |  |
| JPY	NINTENDO CO LTD NPV | 1 700.00 | 819 573.35 | 0.27 |
| JPY	NIPPON TEL&TEL CP NPV | 42 000.00 | 729 698.43 | 0.24 |
| JPY	SOFTBANK GROUP CO NPV | 20 900.00 | 1 092 544.40 | 0.37 |
| JPY	SONY CORP NPV | 15 000.00 | 973 577.70 | 0.33 |
| JPY	TAKEDA PHARMACEUTI NPV | 32 600.00 | 986 300.15 | 0.33 |
| Total Japan |  | 4 601 694.03 | 1.54 |
| Niederlande |  |  |  |
| EUR	ADYEN NV EUR0.01 | 521.00 | 819 272.50 | 0.27 |
| EUR	ASML HOLDING NV EUR0.09 | 4 907.00 | 1 544 232.90 | 0.52 |
| EUR	KONINKLIJKE DSM NV EUR1.5 | 2 929.00 | 411 817.40 | 0.14 |
| EUR	NN GROUP N.V. EUR0.12 | 26 106.32 | 836 707.65 | 0.28 |
| EUR	PROSUS N.V. EUR0.05 | 16 396.00 | 1 290 365.20 | 0.43 |
| GBP	ROYAL DUTCH SHELL PLC ‘A’SHS EUR0.07 | 37 022.00 | 393 418.51 | 0.13 |
| Total Niederlande |  | 5 295 814.16 | 1.77 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Jahresbericht und geprüfter Jahresabschluss per 30. September 2020
| Bezeichnung	Anzahl/ | Bewertung in EUR | in % des |
| --- | --- | --- |
| Nominal | NR Kursgewinn | Netto- |
|  | (-verlust) auf Futures/ | vermögens |
|  | Devisentermin- |  |
|  | kontrakten/ |  |
|  | Swaps (Erl. 1) |  |
| Norwegen |  |  |  |
| NOK | DNB ASA NOK10 | 23 591.00 | 278 008.71 | 0.09 |
| NOK | MOWI ASA NOK7.50 | 24 553.00 | 371 136.42 | 0.13 |
| Total Norwegen |  | 649 145.13 | 0.22 |
| Schweden |  |  |  |
| SEK	SANDVIK AB NPV (POST SPLIT) | 53 548.00 | 897 465.27 | 0.30 |
| SEK	SWEDISH MATCH NPV | 12 270.00 | 856 719.36 | 0.29 |
| SEK	TELE2 AB SHS | 39 588.00 | 478 290.08 | 0.16 |
| Total Schweden |  | 2 232 474.71 | 0.75 |
| Schweiz |  |  |  |
| CHF	ALCON AG CHF0.04 | 16 487.00 | 800 345.61 | 0.27 |
| CHF	CREDIT SUISSE GRP CHF0.04(REGD) | 76 176.00 | 653 600.44 | 0.22 |
| CHF	NESTLE SA CHF0.10(REGD) | 30 280.00 | 3 073 046.84 | 1.03 |
| CHF	NOVARTIS AG CHF0.50(REGD) | 11 459.00 | 849 927.91 | 0.28 |
| CHF	SOFTWAREONE HLD AG CHF0.01 | 30 785.00 | 735 784.49 | 0.24 |
| Total Schweiz |  | 6 112 705.29 | 2.04 |
| Grossbritannien |  |  |  |
| GBP	ADMIRAL GROUP ORD GBP0.001 | 6 603.00 | 190 068.92 | 0.06 |
| GBP	ANGLO AMERICAN USD0.54945 | 42 995.00 | 889 134.41 | 0.30 |
| GBP	ASHTEAD GROUP ORD GBP0.10 | 18 156.00 | 560 455.51 | 0.19 |
| GBP	AVAST PLC ORD GBP0.10 (WI) | 99 473.00 | 577 934.69 | 0.19 |
| GBP	LONDON STOCK EXCH ORD GBP0.06918604 | 8 767.00 | 857 889.27 | 0.29 |
| GBP	PRUDENTIAL ORD GBP0.05 | 38 800.00 | 474 379.82 | 0.16 |
| GBP	RIO TINTO ORD GBP0.10 | 21 202.00 | 1 088 193.42 | 0.36 |
| Total Grossbritannien |  | 4 638 056.04 | 1.55 |
| Vereinigte Staaten |  |  |  |
| USD	10X GENOMICS INC COM USD0.00001 CLASS A | 3 346.00 | 355 757.71 | 0.12 |
| USD	ABBOTT LABS COM | 6 573.00 | 610 019.69 | 0.20 |
| USD	ABBVIE INC COM USD0.01 | 13 353.00 | 997 389.90 | 0.33 |
| USD	ADOBE INC COM USD0.0001 | 750.00 | 313 667.76 | 0.11 |
| USD	ADVANCED MICRO DEV COM USD0.01 | 6 204.00 | 433 774.75 | 0.15 |
| USD	AGCO CORP COM USD0.01 | 14 425.00 | 913 609.99 | 0.31 |
| USD	ALEXION PHARMACEUT COM USD0.0001 | 6 119.00 | 597 106.70 | 0.20 |
| USD	ALPHABET INC CAP STK USD0.001 CL A | 2 045.00 | 2 555 879.42 | 0.85 |
| USD	AMAZON COM INC COM USD0.01 | 2 532.00 | 6 798 775.73 | 2.27 |
| USD	AMERIPRISE FINL INC COM | 9 462.00 | 1 243 498.76 | 0.42 |
| USD	AMGEN INC COM USD0.0001 | 2 344.00 | 508 038.24 | 0.17 |
| USD	APPLE INC COM NPV | 39 164.00 | 3 867 806.11 | 1.29 |
| USD	AUTODESK INC COM USD0.01 | 4 614.00 | 908 949.93 | 0.30 |
| USD	BOOKING HLDGS INC COM USD0.008 | 594.00 | 866 536.41 | 0.29 |
| USD	BUNGE LIMITED COM USD0.01 | 20 560.00 | 801 255.28 | 0.27 |
| USD	CF INDS HLDGS INC COM | 18 719.00 | 490 223.42 | 0.16 |
| USD	COMCAST CORP COM CLS’A’ USD0.01 | 24 421.00 | 963 386.74 | 0.32 |
| USD	COOPER COS INC COM USD0.10 | 1 555.00 | 447 040.12 | 0.15 |
| USD	CROWN CASTLE INTL COM USD0.01 | 3 400.00 | 482 752.74 | 0.16 |
| USD	DOLLAR GENERAL CP COM USD0.875 | 4 614.00 | 824 787.17 | 0.28 |
| USD	DOLLAR TREE INC | 14 690.00 | 1 144 232.81 | 0.38 |
| USD	FACEBOOK INC COM USD0.000006 CL ‘A’ | 9 009.00 | 2 012 072.74 | 0.67 |
| USD	FIDELITY NATL INF COM STK USD0.01 | 18 129.00 | 2 275 845.38 | 0.76 |
| USD	GODADDY INC COM CL A USD0.001 | 7 962.00 | 515 817.29 | 0.17 |
| USD	HESS CORPORATION COM USD1 | 21 957.00 | 766 383.84 | 0.26 |
| USD	IAA INC COM USD0.01 | 10 573.00 | 469 480.33 | 0.16 |
| USD	IAC/INTERACTIVECOR COM USD0.001 | 2 427.00 | 247 905.22 | 0.08 |
| USD	INGERSOLL RAND INC COM USD1.00 | 34 072.00 | 1 034 377.86 | 0.35 |
| USD	IQVIA HOLDINGS INC COM USD0.01 | 4 687.00 | 630 036.08 | 0.21 |
| USD	LIVERAMP HOLDINGS COM USD0.10 | 16 147.00 | 712 855.66 | 0.24 |
| USD	LKQ CORP COM | 22 441.00 | 530 668.94 | 0.18 |
| USD	LOWE’S COS INC COM USD0.50 | 7 582.00 | 1 072 400.56 | 0.36 |
| USD	LYFT INC COM USD0.00001 CLASS A | 20 590.00 | 483 737.26 | 0.16 |
| USD	MADISON SQUARE G.E COM USD0.01 CLASS A | 8 465.00 | 494 408.26 | 0.17 |
| USD	MASTERCARD INC COM USD0.0001 CLASS ‘A’ | 6 934.00 | 1 999 633.97 | 0.67 |
| USD	MATCH GRP INC NEW COM NPV | 5 247.47 | 495 145.94 | 0.17 |
| USD	MICRON TECHNOLOGY COM USD0.10 | 12 100.00 | 484 557.20 | 0.16 |
| USD	MICROSOFT CORP COM USD0.0000125 | 38 758.00 | 6 951 750.43 | 2.32 |
| USD	MONDELEZ INTL INC COM USD0.01 | 25 371.00 | 1 242 965.89 | 0.42 |
| USD	NETFLIX INC COM USD0.001 | 1 051.00 | 448 157.19 | 0.15 |
| USD	NVIDIA CORP COM USD0.001 | 1 000.00 | 461 535.84 | 0.15 |
| USD	PALO ALTO NETWORKS COM USD0.0001 | 3 866.00 | 806 893.36 | 0.27 |
| USD	PPD INC COM USD0.01 | 17 420.00 | 549 495.42 | 0.18 |
| USD	ROCKWELL AUTOMATIO COM USD1 | 2 200.00 | 414 016.12 | 0.14 |
| USD	SALESFORCE.COM INC COM USD0.001 | 6 374.00 | 1 366 062.92 | 0.46 |
| USD	SCHLUMBERGER COM USD0.01 | 38 524.00 | 511 178.48 | 0.17 |
| USD	SERVICENOW INC COM USD0.001 | 2 540.00 | 1 050 526.58 | 0.35 |
| USD	SOUTHWEST AIRLINES COM USD1 | 36 682.00 | 1 173 048.22 | 0.39 |
| USD	SPIRIT AEROSYSTEMS COM STK USD0.01 CLASS ‘A’ | 12 694.00 | 204 701.78 | 0.07 |
| USD	STARBUCKS CORP COM USD0.001 | 27 095.00 | 1 985 249.14 | 0.66 |
| USD	STERICYCLE INC COM | 9 969.00 | 536 089.32 | 0.18 |
| USD	TESLA INC COM USD0.001 | 1 494.00 | 546 574.80 | 0.18 |
| USD	TJX COS INC COM USD1 | 20 657.00 | 980 311.30 | 0.33 |
| USD	TWITTER INC COM USD0.000005 | 25 429.00 | 964 985.72 | 0.32 |
| USD	UNION PACIFIC CORP COM USD2.50 | 2 572.00 | 431 799.46 | 0.14 |
| USD	UNITED RENTALS INC COM | 2 054.00 | 305 652.16 | 0.10 |
| USD	UNITEDHEALTH GRP COM USD0.01 | 7 754.00 | 2 061 539.74 | 0.69 |
| USD	VAIL RESORTS INC COM | 3 586.00 | 654 326.89 | 0.22 |
| USD	VISA INC COM STK USD0.0001 | 10 220.00 | 1 742 799.13 | 0.58 |
| USD	WELLS FARGO & CO COM USD1 2/3 | 44 446.00 | 891 080.42 | 0.30 |
| USD	WESTERN DIGITAL CORP COM | 10 404.00 | 324 279.37 | 0.11 |
| Total Vereinigte Staaten |  | 66 954 835.59 | 22.38 |
| Total Namensaktien |  | 103 994 492.94 | 34.76 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Jahresbericht und geprüfter Jahresabschluss per 30. September 2020
| Bezeichnung | Anzahl/ | Bewertung in EUR | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Depository Receipts |  |  |  |
| China |  |  |  |
| USD	ALIBABA GROUP HLDG SPON ADS EACH REP ONE ORD-ADR | 1 717.00 | 430 446.99 | 0.14 |
| Total China |  | 430 446.99 | 0.14 |
| Total Depository Receipts |  | 430 446.99 | 0.14 |
| Notes, fester Zins |  |  |  |
| AUD |  |  |  |
| AUD	AUSTRALIA 5.50000% 11-21.04.23 | 1 200 000.00 | 833 277.11 | 0.28 |
| AUD	NEW SOUTH WALES TREASURY CORP 4.00000% 13-20.04.23 | 1 300 000.00 | 870 567.79 | 0.29 |
| Total AUD |  | 1 703 844.90 | 0.57 |
| GBP |  |  |  |
| GBP	BRITISH TELECOMMUNICATIONS PLC 5.75000% 99-07.12.28 | 500 000.00 | 719 189.94 | 0.24 |
| Total GBP |  | 719 189.94 | 0.24 |
| USD |  |  |  |
| USD	ABBVIE INC 2.90000% 13-06.11.22 | 400 000.00 | 357 693.74 | 0.12 |
| USD	APPLE INC 2.40000% 13-03.05.23 | 400 000.00 | 359 144.40 | 0.12 |
| USD	E.ON INTERNATIONAL FINANCE BV-REG-S 6.65000% 08-30.04.38 | 400 000.00 | 495 621.36 | 0.17 |
| USD	GOLDMAN SACHS GROUP INC 3.62500% 13-22.01.23 | 400 000.00 | 364 628.63 | 0.12 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 3.37500% 13-01.08.23 | 500 000.00 | 462 912.72 | 0.15 |
| USD	TAQA ABU DHABI NATIONAL ENERGY CO-REG-S 3.62500% 12-12.01.23 | 400 000.00 | 359 868.67 | 0.12 |
| USD	TIME WARNER CABLE LLC 4.00000% 11-01.09.21 | 500 000.00 | 435 620.47 | 0.15 |
| USD	TOTAL CAPITAL CANADA LTD 2.75000% 13-15.07.23 | 400 000.00 | 363 028.25 | 0.12 |
| USD	VERIZON COMMUNICATIONS INC 4.01600% 19-03.12.29 | 400 000.00 | 408 462.30 | 0.14 |
| USD	WALMART INC 6.50000% 07-15.08.37 | 500 000.00 | 683 251.69 | 0.23 |
| USD	WALT DISNEY CO 3.00000% 19-15.09.22 | 400 000.00 | 358 226.89 | 0.12 |
| Total USD |  | 4 648 459.12 | 1.56 |
| Total Notes, fester Zins |  | 7 071 493.96 | 2.37 |
| Medium-Term Notes, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	WELLS FARGO & CO-REG-S 2.62500% 12-16.08.22 | 400 000.00 | 418 824.96 | 0.14 |
| Total EUR |  | 418 824.96 | 0.14 |
| GBP |  |  |  |
| GBP	BANK OF AMERICA CORP-REG-S 2.30000% 16-25.07.25 | 400 000.00 | 470 556.49 | 0.16 |
| Total GBP |  | 470 556.49 | 0.16 |
| USD |  |  |  |
| USD	SUN HUNG KAI PROPERTIES LTD-REG-S 4.50000% 12-14.02.22 | 1 000 000.00 | 888 329.85 | 0.30 |
| Total USD |  | 888 329.85 | 0.30 |
| Total Medium-Term Notes, fester Zins |  | 1 777 711.30 | 0.60 |
| Medium-Term Notes, variabler Zins |  |  |  |
| GBP |  |  |  |
| GBP	IMPERIAL BRANDS FIN-REG-S 9.000%/RATING LINKED 09-17.02.22 | 500 000.00 | 612 087.14 | 0.20 |
| Total GBP |  | 612 087.14 | 0.20 |
| Total Medium-Term Notes, variabler Zins |  | 612 087.14 | 0.20 |
| Anleihen, fester Zins |  |  |  |
| AUD |  |  |  |
| AUD	AUSTRALIA 2.75000% 12-21.04.24 | 4 000 000.00 | 2 666 690.18 | 0.89 |
| AUD	AUSTRALIA-REG-S 2.25000% 16-21.05.28 | 1 350 000.00 | 925 232.78 | 0.31 |
| AUD	AUSTRALIA-REG-S 2.75000% 14-21.06.35 | 1 720 000.00 | 1 283 556.38 | 0.43 |
| AUD	AUSTRALIA-REG-S 2.75000% 16-21.11.27 | 2 350 000.00 | 1 655 951.05 | 0.55 |
| AUD	AUSTRALIA-REG-S 3.00000% 16-21.03.47 | 1 150 000.00 | 908 716.64 | 0.30 |
| AUD	AUSTRALIA-REG-S 3.25000% 13-21.04.25 | 2 350 000.00 | 1 628 904.14 | 0.55 |
| AUD	QUEENSLAND TREASURY CORP 6.00000% 11-21.07.22 | 50 000.00 | 33 764.54 | 0.01 |
| AUD	QUEENSLAND TREASURY CORP-REG-S 4.25000% 12-21.07.23 | 850 000.00 | 577 426.12 | 0.19 |
| AUD	TREASURY CORP OF VICTORIA 6.00000% 03-17.10.22 | 1 300 000.00 | 888 867.18 | 0.30 |
| Total AUD |  | 10 569 109.01 | 3.53 |
| CAD |  |  |  |
| CAD	CANADA, GOVERNMENT 0.75000% 16-01.09.21 | 2 350 000.00 | 1 507 983.21 | 0.50 |
| CAD	CANADA, GOVERNMENT 0.50000% 16-01.03.22 | 2 350 000.00 | 1 506 542.93 | 0.50 |
| CAD	CANADA, GOVERNMENT 2.75000% 14-01.12.64 | 1 500 000.00 | 1 509 703.43 | 0.51 |
| CAD	CANADA, GOVERNMENT 2.75000% 14-01.12.48 | 1 000 000.00 | 894 822.08 | 0.30 |
| CAD	CANADA, GOVERNMENT 2.25000% 14-01.06.25 | 1 800 000.00 | 1 250 476.87 | 0.42 |
| CAD	CANADA, GOVERNMENT 3.25000% 10-01.06.21 | 5 000 000.00 | 3 257 537.49 | 1.09 |
| CAD	CANADA, GOVERNMENT 3.50000% 11-01.12.45 | 1 150 000.00 | 1 130 678.34 | 0.38 |
| CAD	CANADA, GOVERNMENT 5.75000% 01-01.06.33 | 1 050 000.00 | 1 078 377.38 | 0.36 |
| Total CAD |  | 12 136 121.73 | 4.06 |
| EUR |  |  |  |
| EUR	GERMANY, REPUBLIC OF 1.50000% 14-15.05.24 | 200 000.00 | 216 504.00 | 0.07 |
| EUR	GERMANY, REPUBLIC OF 4.75000% 98-04.07.28 | 200 000.00 | 286 127.60 | 0.10 |
| EUR	GERMANY, REPUBLIC OF 4.00000% 05-04.01.37 | 350 000.00 | 605 377.50 | 0.20 |
| EUR	GERMANY, REPUBLIC OF 2.25000% 11-04.09.21 | 100 000.00 | 102 680.80 | 0.03 |
| EUR	ITALY, REPUBLIC OF BTP 3.75000% 10-01.03.21 | 2 200 000.00 | 2 238 038.00 | 0.75 |
| EUR	ITALY, REPUBLIC OF-BTP 4.00000% 05-01.02.37 | 660 000.00 | 917 430.36 | 0.31 |
| EUR	ITALY, REPUBLIC OF-BTP 2.20000% 17-01.06.27 | 1 400 000.00 | 1 555 086.40 | 0.52 |
| Total EUR |  | 5 921 244.66 | 1.98 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Jahresbericht und geprüfter Jahresabschluss per 30. September 2020
|  | Bezeichnung | Anzahl/ | Bewertung in EUR | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| USD |  |  |  |  |
| USD | CHINA OVERSEAS FINANCE CAYMAN II-REG-S 5.50000% 10-10.11.20 | 400 000.00 | 343 026.48 | 0.11 |
| USD | PFIZER INC 7.20000% 09-15.03.39 | 400 000.00 | 565 636.60 | 0.19 |
| Total USD |  |  | 908 663.08 | 0.30 |
| Total Anleihen, fester Zins |  | 29 535 138.48 | 9.87 |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.00000% 07-15.05.37 | 3 100 000.00 | 4 287 357.76 | 1.43 |
| USD	AMERICA, UNITED STATES OF 3.50000% 09-15.02.39 | 400 000.00 | 479 456.24 | 0.16 |
| USD	AMERICA, UNITED STATES OF 3.62500% 14-15.02.44 | 3 590 000.00 | 4 482 142.47 | 1.50 |
| USD	AMERICA, UNITED STATES OF 3.00000% 15-15.05.45 | 1 200 000.00 | 1 372 971.91 | 0.46 |
| USD	AMERICA, UNITED STATES OF 2.25000% 16-15.08.46 | 1 400 000.00 | 1 413 158.67 | 0.47 |
| USD	AMERICA, UNITED STATES OF 1.87500% 17-30.09.22 | 6 450 000.00 | 5 691 800.34 | 1.90 |
| USD	AMERICA, UNITED STATES OF 1.75000% 17-15.11.20 | 5 000 000.00 | 4 272 392.45 | 1.43 |
| USD	AMERICA, UNITED STATES OF 2.37500% 14-15.08.24 | 4 800 000.00 | 4 436 265.88 | 1.48 |
| USD	AMERICA, UNITED STATES OF 2.00000% 15-15.02.25 | 4 700 000.00 | 4 315 036.07 | 1.44 |
| USD	AMERICA, UNITED STATES OF 2.50000% 14-15.05.24 | 4 750 000.00 | 4 387 997.86 | 1.47 |
| Total USD |  | 35 138 579.65 | 11.74 |
| Total Treasury-Notes, fester Zins | 35 138 579.65 | 11.74 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 232 922 791.37 | 77.85 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Treasury-Bills, Nullcoupon |  |  |
| USD |  |  |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 23.07.20-21.01.21	9 000 000.00 | 7 672 476.86 | 2.56 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 05.12.19-03.12.20	9 000 000.00 | 7 673 648.36 | 2.57 |
| Total USD | 15 346 125.22 | 5.13 |
| Total Treasury-Bills, Nullcoupon | 15 346 125.22 | 5.13 |
| Notes, fester Zins |  |  |
| USD |  |  |
| USD	MORGAN STANLEY 3.75000% 13-25.02.23	400 000.00 | 366 116.20 | 0.12 |
| Total USD | 366 116.20 | 0.12 |
| Total Notes, fester Zins | 366 116.20 | 0.12 |
| Medium-Term Notes, fester Zins |  |  |
| USD |  |  |
| USD	BANK OF AMERICA CORP 3.30000% 13-11.01.23	400 000.00 | 362 081.85 | 0.12 |
| Total USD | 362 081.85 | 0.12 |
| Total Medium-Term Notes, fester Zins | 362 081.85 | 0.12 |
| Anleihen, fester Zins |  |  |
| USD |  |  |
| USD	AMERICA MOVIL SAB DE CV 3.12500% 12-16.07.22	400 000.00 | 354 752.06 | 0.12 |
| Total USD | 354 752.06 | 0.12 |
| Total Anleihen, fester Zins | 354 752.06 | 0.12 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden | 16 429 075.33 | 5.49 |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
Luxemburg
| USD | UBS (LUX) BOND SICAV - ASIAN HIGH YIELD U-X-ACC | 1 163.00 | 11 791 490.03 | 3.94 |
| --- | --- | --- | --- | --- |
| USD | UBS (LUX) EMERGING ECONOMIES FUND-GLOBAL BONDS (USD)-U-X ACC | 765.00 | 8 977 550.46 | 3.00 |
| USD | UBS (LUX) EQUITY SICAV - GLB EM OPP(USD)-U-X-ACC | 225.00 | 6 019 429.71 | 2.01 |
| Total Luxemburg | 26 788 470.20 | 8.95 |
| Total Investment Fonds, open end | 26 788 470.20 | 8.95 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 | 26 788 470.20 | 8.95 |
| Total des Wertpapierbestandes | 276 140 336.90 | 92.29 |

| Derivative Instrumente |  |
| --- | --- |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden Finanzterminkontrakte auf Anleihen |
|  |  |  |  |
| EUR	EURO-BUND FUTURE 08.12.20 | -150.00 | -111 470.00 | -0.04 |
| JPY	JAPANESE GOVERNMENT 10Y BOND MINI (SGX) FUTURE 11.12.20 | -100.00 | -37 373.81 | -0.01 |
| AUD	AUSTRALIA 10YR BOND FUTURE 15.12.20 | 203.00 | 179 420.74 | 0.06 |
| CAD	CAN 10YR BOND FUTURE 18.12.20 | 220.00 | -13 330.21 | 0.00 |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Jahresbericht und geprüfter Jahresabschluss per 30. September 2020
|  | Bezeichnung | Anzahl/ Nominal | Bewertung in EUR NR Kursgewinn (-verlust) auf Futures/ Devisentermin- kontrakten/ Swaps (Erl. 1) | in % des Netto- vermögens |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| USD | US 5YR TREASURY NOTE FUTURE 31.12.20 | 115.00 | 17 281.86 | 0.01 |
| USD | US 10YR TREASURY NOTE FUTURE 21.12.20 | -275.00 | -43 970.92 | -0.02 |
| USD | US 2YR TREASURY NOTE FUTURE 31.12.20 | 215.00 | 15 989.47 | 0.01 |
| USD | US ULTRA LONG BOND (CBT) FUTURE 21.12.20 | 16.00 | -23 557.76 | -0.01 |
| Total Finanzterminkontrakte auf Anleihen |  | -17 010.63 | 0.00 |
| Finanzterminkontrakte auf Indizes |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 18.12.20 | -343.00 | 222 570.00 | 0.07 |
| EUR	EURO STOXX SMALL 200 INDEX FUTURE 18.12.20 | 466.00 | -144 820.00 | -0.05 |
| CHF	SWISS MARKET INDEX FUTURE 18.12.20 | -107.00 | 204 590.39 | 0.07 |
| GBP	FTSE 100 INDEX FUTURE 18.12.20 | -89.00 | 171 217.59 | 0.06 |
| SEK	OMX 30 INDEX FUTURE 16.10.20 | -370.00 | -98 711.63 | -0.03 |
| USD	S&P500 EMINI FUTURE 18.12.20 | -53.00 | -64 631.39 | -0.02 |
| AUD	SPI 200 INDEX FUTURES 17.12.20 | -66.00 | 150 544.09 | 0.05 |
| CAD	S&P/TSX 60 INDEX FUTURE 17.12.20 | -20.00 | 9 091.10 | 0.00 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 18.12.20 | 619.00 | -408 233.49 | -0.14 |
| USD	RUSSELL 2000 E-MINI INDEX FUTURE 18.12.20 | -95.00 | 112 405.66 | 0.04 |
| USD	E-MINI RUSSELL 1000 VALUE INDEX FUTURE 18.12.20 | 299.00 | -91 792.09 | -0.03 |
| JPY	TOPIX INDX FUTURE 10.12.20 | 76.00 | -18 383.88 | -0.01 |
| Total Finanzterminkontrakte auf Indizes |  | 43 846.35 | 0.01 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | 26 835.72 | 0.01 |

Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Credit-Default-Swaps*
| USD | ICE/CDX.EM.34-V1 CDI REC 1.00000% 20-20.12.25 | 18 800 000.00 | -1 013 502.56 | -0.34 |
| --- | --- | --- | --- | --- |
| USD | ICE/CDX.NA.IG.35-V1 CDI REC 1.00000% 20-20.12.25 | 5 350 000.00 | 96 350.54 | 0.03 |
| USD | ICE/CDX.NA.HY.35-V1 CDI REC 5.00000% 20-20.12.25 | 31 950 000.00 | 1 154 218.48 | 0.39 |
| Total Credit-Default-Swaps | 237 066.46 | 0.08 |
| Total Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden | 237 066.46 | 0.08 |
| Total Derivative Instrumente | 263 902.18 | 0.09 |
| Devisenterminkontrakte |  |  |
| Gekaufte Währung/ Gekaufter Betrag/Verkaufte Währung/Verkaufter Betrag/Fälligkeitsdatum |  |  |

| EUR | 18 733 147.69 | AUD | 30 461 727.92 | 12.11.2020 | 129 740.72 | 0.04 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 179 107 838.74 | USD | 211 931 320.37 | 12.11.2020 | -1 452 461.43 | -0.48 |
| EUR | 22 840 679.08 | CAD | 35 483 406.09 | 12.11.2020 | 204 437.89 | 0.07 |
| EUR | 13 642 838.32 | GBP | 12 304 999.77 | 12.11.2020 | 86 148.56 | 0.03 |
| EUR | 5 280 680.18 | DKK | 39 300 000.00 | 12.11.2020 | 1 832.84 | 0.00 |
| NOK | 81 977 918.42 | EUR | 7 722 588.17 | 12.11.2020 | -257 341.18 | -0.09 |
| EUR | 6 174 648.54 | NZD | 10 935 000.00 | 12.11.2020 | 16 640.49 | 0.01 |
| EUR | 5 808 546.87 | SEK | 60 314 097.80 | 12.11.2020 | 64 183.05 | 0.02 |
| JPY | 1 282 075 005.00 | EUR | 10 205 343.09 | 12.11.2020 | 150 833.19 | 0.05 |
| EUR | 18 208 995.89 | CHF | 19 727 917.49 | 12.11.2020 | -108 108.19 | -0.04 |
| EUR | 2 305 959.48 | HKD | 21 149 999.57 | 12.11.2020 | -18 681.75 | -0.01 |
| MXN | 162 950 000.00 | EUR | 6 292 208.87 | 12.11.2020 | -34 453.67 | -0.01 |
| EUR | 165 792.08 | AUD | 270 000.00 | 12.11.2020 | 899.27 | 0.00 |
| EUR | 11 474 483.77 | USD | 13 650 000.00 | 12.11.2020 | -154 982.29 | -0.05 |
| EUR | 282 168.77 | AUD | 460 000.00 | 12.11.2020 | 1 240.28 | 0.00 |
| CAD | 45 363 000.00 | EUR | 29 020 730.28 | 19.10.2020 | -67 824.48 | -0.02 |
| GBP | 23 630 400.00 | EUR | 25 665 538.62 | 19.10.2020 | 379 779.17 | 0.13 |
| ZAR | 116 370 000.00 | AUD | 9 680 531.88 | 12.11.2020 | 1 913.44 | 0.00 |
| EUR | 176 913.36 | CHF | 190 000.00 | 12.11.2020 | 500.93 | 0.00 |
| USD | 14 596 878.38 | TWD | 418 040 000.00 | 27.11.2020 | 37 557.84 | 0.01 |
| USD | 7 317 180.77 | KRW | 8 508 930 000.00 | 27.11.2020 | 11 724.88 | 0.00 |
| COP | 23 689 110 000.00 | USD | 6 211 500.49 | 27.11.2020 | -71 264.53 | -0.02 |
| BRL | 36 740 000.00 | USD | 6 774 223.29 | 27.11.2020 | -226 368.32 | -0.08 |
| CLP | 5 967 850 000.00 | USD | 7 732 879.82 | 27.11.2020 | -131 041.79 | -0.04 |
| EUR | 819 391.58 | USD | 960 000.00 | 12.11.2020 | 1 495.07 | 0.00 |
| EUR | 80 508.17 | GBP | 73 800.00 | 19.10.2020 | -833.85 | 0.00 |
| EUR | 1 008 815.39 | CAD | 1 573 500.00 | 19.10.2020 | 4 530.02 | 0.00 |
| JPY | 250 000 000.00 | EUR | 2 036 051.30 | 12.11.2020 | -16 634.29 | -0.01 |
| EUR | 657 859.77 | GBP | 601 600.00 | 19.10.2020 | -5 220.97 | 0.00 |
| EUR | 188 412.27 | USD | 220 000.00 | 12.11.2020 | 977.65 | 0.00 |
| EUR | 381 722.79 | JPY | 47 000 000.00 | 12.11.2020 | 2 072.39 | 0.00 |
| GBP | 730 000.00 | EUR | 804 594.79 | 12.11.2020 | -337.68 | 0.00 |
| EUR | 296 448.85 | AUD | 490 000.00 | 12.11.2020 | -2 801.06 | 0.00 |
| CAD | 141 900.00 | EUR | 90 936.21 | 19.10.2020 | -368.63 | 0.00 |
| Total Devisenterminkontrakte | -1 452 216.43 | -0.49 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 23 721 788.77** | 7.93 |
| Andere Aktiva und Passiva | 531 652.71 | 0.18 |
| Total des Nettovermögens | 299 205 464.13 | 100.00 |
| * Nominal positiv: der Subfonds ist «Receiver of protection», Nominal negativ: der Subfonds ist «Seller of protection». ** Zum 30. September 2020 wurden gegenüber Bank of America Bankguthaben in Höhe von EUR 383 746.22 als Sicherheit eingesetzt. |  |  |

UBS (Lux) Key Selection SICAV – Global Allocation (EUR) Jahresbericht und geprüfter Jahresabschluss per 30. September 2020