# UBS (Lux) Strategy SICAV
– Systematic Allocation Portfolio Medium (USD)
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 31.5.2020 | 31.5.2019 | 31.5.2018 |
| Net assets in USD |  | 2 011 788 426.80 | 2 120 118 601.72 | 1 848 301 354.25 |
| Class K-1-4%-mdist | LU1717044132 |  |  |  |
| Shares outstanding |  | 6.8000 | 5.3000 | 0.8000 |
| Net asset value per share in USD |  | 4 659 950.74 | 4 899 382.39 | 4 991 201.65 |
| Issue and redemption price per share in USD 1 |  | 4 659 950.74 | 4 899 382.39 | 4 987 208.69 |
| Class (EUR hedged) K-1-4%-mdist | LU1629324036 |  |  |  |
| Shares outstanding |  | 0.1000 | 3.5000 | 3.3000 |
| Net asset value per share in EUR |  | 2 666 513.90 | 2 871 542.99 | 3 012 918.24 |
| Issue and redemption price per share in EUR 1 |  | 2 666 513.90 | 2 871 542.99 | 3 010 507.91 |
| Class K-1-acc | LU1616912835 |  |  |  |
| Shares outstanding |  | 22.5000 | 20.9000 | 27.1000 |
| Net asset value per share in USD |  | 5 319 709.70 | 5 373 622.91 | 5 258 801.82 |
| Issue and redemption price per share in USD 1 |  | 5 319 709.70 | 5 373 622.91 | 5 254 594.78 |
| Class (CHF hedged) K-1-acc 2 | LU1622991237 |  |  |  |
| Shares outstanding |  | - | 0.7000 | 0.8000 |
| Net asset value per share in CHF |  | - | 5 076 001.00 | 5 132 791.75 |
| Issue and redemption price per share in CHF 1 |  | - | 5 076 001.00 | 5 128 685.52 |
| Class (EUR hedged) K-1-acc | LU1622991153 |  |  |  |
| Shares outstanding |  | 3.4000 | 4.7000 | 2.9000 |
| Net asset value per share in EUR |  | 2 984 785.19 | 3 087 926.94 | 3 112 505.75 |
| Issue and redemption price per share in EUR 1 |  | 2 984 785.19 | 3 087 926.94 | 3 110 015.75 |
| Class P-4%-mdist | LU1599187181 |  |  |  |
| Shares outstanding |  | 1 805 880.7630 | 2 117 416.0230 | 2 207 988.1100 |
| Net asset value per share in USD |  | 94.07 | 99.32 | 101.61 |
| Issue and redemption price per share in USD 1 |  | 94.07 | 99.32 | 101.53 |
| Class (HKD) P-4%-mdist | LU1647379426 |  |  |  |
| Shares outstanding |  | 339 434.5040 | 462 432.4010 | 826 929.1100 |
| Net asset value per share in HKD |  | 923.49 | 986.79 | 1 010.46 |
| Issue and redemption price per share in HKD 1 |  | 923.49 | 986.79 | 1 009.65 |
| Class P-acc | LU1599186969 |  |  |  |
| Shares outstanding |  | 5 432 559.8130 | 5 559 346.9120 | 5 282 863.6010 |
| Net asset value per share in USD |  | 105.57 | 107.15 | 105.36 |
| Issue and redemption price per share in USD 1 |  | 105.57 | 107.15 | 105.28 |
| Class (HKD) P-acc | LU1603467017 |  |  |  |
| Shares outstanding |  | 426 426.3760 | 555 478.3460 | 602 930.7880 |
| Net asset value per share in HKD |  | 1 050.14 | 1 078.16 | 1 060.69 |
| Issue and redemption price per share in HKD 1 |  | 1 050.14 | 1 078.16 | 1 059.84 |
| Class (AUD hedged) P-acc | LU1603467363 |  |  |  |
| Shares outstanding |  | 711 040.5270 | 595 848.9110 | 444 770.4440 |
| Net asset value per share in AUD |  | 103.83 | 106.94 | 105.50 |
| Issue and redemption price per share in AUD 1 |  | 103.83 | 106.94 | 105.42 |
| Class (CAD hedged) P-acc | LU1603467108 |  |  |  |
| Shares outstanding |  | 414 456.8890 | 448 319.5320 | 352 885.4540 |
| Net asset value per share in CAD |  | 103.28 | 105.65 | 104.73 |
| Issue and redemption price per share in CAD 1 |  | 103.28 | 105.65 | 104.65 |
| Class (CHF hedged) P-acc | LU1599187264 |  |  |  |
| Shares outstanding |  | 2 107 701.4960 | 2 077 072.9020 | 1 056 850.3320 |
| Net asset value per share in CHF |  | 96.76 | 101.12 | 102.75 |
| Issue and redemption price per share in CHF 1 |  | 96.76 | 101.12 | 102.67 |
| Class (EUR hedged) P-acc | LU1599187421 |  |  |  |
| Shares outstanding |  | 1 841 710.8150 | 2 149 396.9750 | 1 910 539.4430 |
| Net asset value per share in EUR |  | 97.99 | 101.87 | 103.17 |
| Issue and redemption price per share in EUR 1 |  | 97.99 | 101.87 | 103.09 |
| Class (GBP hedged) P-acc | LU1611257418 |  |  |  |
| Shares outstanding |  | 433 832.9910 | 346 984.7990 | 177 943.8080 |
| Net asset value per share in GBP |  | 100.81 | 104.04 | 104.15 |
| Issue and redemption price per share in GBP 1 |  | 100.81 | 104.04 | 104.07 |
| Class (SGD hedged) P-acc | LU1599187777 |  |  |  |
| Shares outstanding |  | 480 359.5110 | 436 591.7930 | 564 055.1380 |
| Net asset value per share in SGD |  | 103.67 | 105.87 | 104.80 |
| Issue and redemption price per share in SGD 1 |  | 103.67 | 105.87 | 104.72 |
| Class Q-4%-mdist 3 | LU1895574181 |  |  |  |
| Shares outstanding |  | 250 295.3380 | 179 020.0620 | - |
| Net asset value per share in USD |  | 97.33 | 102.01 | - |
| Issue and redemption price per share in USD 1 |  | 97.33 | 102.01 | - |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Annual report and audited financial statements as of 31 May 2020
|  | ISIN | 31.5.2020 |  | 31.5.2019 | 31.5.2018 |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
| Class (HKD) Q-4%-mdist 4 | LU1891428119 |  |  |  |  |
| Shares outstanding |  | 63 906.8490 |  | 80 633.6330 | - |
| Net asset value per share in HKD |  | 962.66 |  | 1 021.00 | - |
| Issue and redemption price per share in HKD 1 |  | 962.66 |  | 1 021.00 | - |
| Class Q-acc | LU1599187009 |  |  |  |  |
| Shares outstanding |  | 1 444 940.2410 | 1 | 172 458.7630 | 523 933.5920 |
| Net asset value per share in USD |  | 107.96 |  | 108.76 | 106.16 |
| Issue and redemption price per share in USD 1 |  | 107.96 |  | 108.76 | 106.08 |
| Class (HKD) Q-acc 4 | LU1891428465 |  |  |  |  |
| Shares outstanding |  | 9 399.5640 |  | 16 415.1520 | - |
| Net asset value per share in HKD |  | 1 021.40 |  | 1 040.84 | - |
| Issue and redemption price per share in HKD 1 |  | 1 021.40 |  | 1 040.84 | - |
| Class (CAD hedged) Q-acc 3 | LU1891428895 |  |  |  |  |
| Shares outstanding |  | 101 986.0830 |  | 63 607.7480 | - |
| Net asset value per share in CAD |  | 101.94 |  | 103.50 | - |
| Issue and redemption price per share in CAD 1 |  | 101.94 |  | 103.50 | - |
| Class (CHF hedged) Q-acc | LU1599187348 |  |  |  |  |
| Shares outstanding |  | 736 363.2800 |  | 776 353.9840 | 504 840.5020 |
| Net asset value per share in CHF |  | 98.96 |  | 102.66 | 103.53 |
| Issue and redemption price per share in CHF 1 |  | 98.96 |  | 102.66 | 103.45 |
| Class (EUR hedged) Q-acc | LU1599187694 |  |  |  |  |
| Shares outstanding |  | 909 507.0590 |  | 940 295.5580 | 759 318.9420 |
| Net asset value per share in EUR |  | 100.21 |  | 103.41 | 103.94 |
| Issue and redemption price per share in EUR 1 |  | 100.21 |  | 103.41 | 103.86 |
| Class (GBP hedged) Q-acc | LU1616912595 |  |  |  |  |
| Shares outstanding |  | 99 035.6990 |  | 81 089.3390 | 57 729.8840 |
| Net asset value per share in GBP |  | 102.81 |  | 105.32 | 104.64 |
| Issue and redemption price per share in GBP 1 |  | 102.81 |  | 105.32 | 104.56 |
| Class (SEK hedged) Q-acc | LU1599187850 |  |  |  |  |
| Shares outstanding |  | 207 833.1350 |  | 278 937.2570 | 294 961.8500 |
| Net asset value per share in SEK |  | 697.51 |  | 718.69 | 721.30 |
| Issue and redemption price per share in SEK 1 |  | 697.51 |  | 718.69 | 720.72 |
| Class (SGD hedged) Q-acc 3 | LU1891428036 |  |  |  |  |
| Shares outstanding |  | 313 436.1660 |  | 220 008.7610 | - |
| Net asset value per share in SGD |  | 102.17 |  | 103.57 | - |
| Issue and redemption price per share in SGD 1 |  | 102.17 |  | 103.57 | - |
| 1  See note 1 2  For the period from 12.6.2017 to 9.3.2020 the share class (CHF 3  First NAV: 5.11.2018 4  First NAV: 6.11.2018 | hedged) K-1-acc was in circulation |  |  |  |  |
| Performance |  |  |  |  |  |
|  |  | Currency | 2019/2020 | 2018/2019 | 2017/2018 |
| Class K-1-4%-mdist |  | USD | -1.0% | 2.3% | - |
| Class (EUR hedged) K-1-4%-mdist |  | EUR | -3.3% | -0.7% | - |
| Class K-1-acc |  | USD | -1.0% | 2.3% | - |
| Class (CHF hedged) K-1-acc 1 |  | CHF | - | -1.0% | - |
| Class (EUR hedged) K-1-acc |  | EUR | -3.3% | -0.7% | - |
| Class P-4%-mdist |  | USD | -1.5% | 1.8% | 5.3% |
| Class (HKD) P-4%-mdist |  | HKD | -2.6% | 1.7% | - |
| Class P-acc |  | USD | -1.5% | 1.8% | 5.3% |
| Class (HKD) P-acc |  | HKD | -2.6% | 1.7% | 6.0% |
| Class (AUD hedged) P-acc |  | AUD | -2.9% | 1.4% | 5.4% |
| Class (CAD hedged) P-acc |  | CAD | -2.2% | 1.0% | 4.7% |
| Class (CHF hedged) P-acc |  | CHF | -4.3% | -1.5% | 2.7% |
| Class (EUR hedged) P-acc |  | EUR | -3.8% | -1.2% | 3.1% |
| Class (GBP hedged) P-acc |  | GBP | -3.1% | -0.0% | 4.1% |
| Class (SGD hedged) P-acc |  | SGD | -2.1% | 1.1% | 4.7% |
| Class Q-4%-mdist |  | USD | -0.7% | - | - |
| Class (HKD) Q-4%-mdist |  | HKD | -1.9% | - | - |
| Class Q-acc |  | USD | -0.7% | 2.5% | 6.1% |
| Class (HKD) Q-acc |  | HKD | -1.9% | - | - |
| Class (CAD hedged) Q-acc |  | CAD | -1.5% | - | - |
| Class (CHF hedged) Q-acc |  | CHF | -3.6% | -0.8% | 3.5% |
| Class (EUR hedged) Q-acc |  | EUR | -3.1% | -0.4% | 3.9% |
| Class (GBP hedged) Q-acc |  | GBP | -2.4% | 0.7% | - |
| Class (SEK hedged) Q-acc |  | SEK | -2.9% | -0.3% | - |
| Class (SGD hedged) Q-acc |  | SGD | -1.4% | - | - |

1 
For the period from 12.6.2017 to 9.3.2020 the share class (CHF hedged) K-1-acc was in circulation. Due to this fact, there is no data for the calculation of the performance available in 2020. Historical performance is no indicator of current or future performance.
The performance data does not take account of any commissions and costs charged when subscribing and redeeming shares. The performance data were not audited.
The subfund has no benchmark.
UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Annual report and audited financial statements as of 31 May 2020

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

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
Luxembourg	35.83
| Ireland | 22.61 |
| --- | --- |
| United States | 11.22 |
| Canada | 4.34 |
| Japan | 3.34 |
| Switzerland | 3.09 |
| France | 2.68 |
| Germany | 2.64 |
| United Kingdom | 2.08 |
| The Netherlands | 1.62 |
| South Korea | 0.97 |
| Philippines | 0.75 |
| Australia | 0.61 |
| Spain | 0.56 |
| Italy | 0.45 |
| Kuwait | 0.33 |
| Finland | 0.32 |
| United Arab Emirates | 0.30 |
| Qatar | 0.27 |
| Norway | 0.25 |
| Supranationals | 0.21 |
| Belgium | 0.20 |
| Singapore | 0.18 |
| Sweden | 0.11 |
| Saudi Arabia | 0.11 |
| Jersey | 0.10 |
| Cayman Islands | 0.08 |
| Austria | 0.07 |
| New Zealand | 0.05 |
| Portugal | 0.04 |
| British Virgin Islands | 0.04 |
| Denmark | 0.02 |
| Isle of Man | 0.01 |
| Total | 95.48 |

Economic Breakdown as a % of net assets	
| Investment funds | 54.25 |
| --- | --- |
| Finance & holding companies | 7.09 |
| Countries & central governments | 5.38 |
| Banks & credit institutions | 4.52 |
| Pharmaceuticals, cosmetics & medical products | 2.73 |
| Supranational organisations | 2.49 |
| Internet, software & IT services | 1.79 |
| Petroleum | 1.64 |
| Cantons, federal states | 1.11 |
| Food & soft drinks | 1.09 |
| Energy & water supply | 1.08 |
| Electronics & semiconductors | 0.99 |
| Retail trade, department stores | 0.91 |
| Chemicals | 0.88 |
| Insurance | 0.85 |
| Computer hardware & network equipment providers | 0.83 |
| Miscellaneous services | 0.76 |
| Telecommunications | 0.70 |
| Traffic & transportation | 0.62 |
| Tobacco & alcohol | 0.60 |
| Vehicles | 0.58 |
| Building industry & materials | 0.46 |
| Textiles, garments & leather goods | 0.42 |
| Miscellaneous consumer goods | 0.39 |
| Real Estate | 0.38 |
| Electrical devices & components | 0.37 |
| Mechanical engineering & industrial equipment | 0.31 |
| Graphic design, publishing & media | 0.22 |
| Mining, coal & steel | 0.21 |
| Biotechnology | 0.21 |
| Precious metals & stones | 0.21 |
| Public, non-profit institutions | 0.18 |
| Aerospace industry | 0.16 |
| Various capital goods | 0.15 |
| Mortgage & funding institutions | 0.14 |
| Non-ferrous metals | 0.14 |
| Miscellaneous trading companies | 0.13 |
| Lodging, catering & leisure | 0.12 |
| Watches & jewellery | 0.09 |
| Forestry, paper & pulp products | 0.08 |
| Rubber & tyres | 0.07 |
| Agriculture & fishery | 0.05 |
| Miscellaneous unclassified companies | 0.05 |
| Healthcare & social services | 0.03 |
| Photographic & optics | 0.02 |
| Total | 95.48 |

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

## Statement of Net Assets
Assets	31.5.2020
USD
Investments in securities, cost	1 855 632 198.23
| Investments in securities, unrealized appreciation (depreciation) | 	65 286 120.59	 |
| --- | --- |
| Total investments in securities (Note 1) | 1 920 918 318.82 |
| Cash at banks, deposits on demand and deposit accounts | 7 682 087.96 |
| Other liquid assets (Margins) | 137 291 990.28 |
| Receivable on securities sales (Note 1) | 18 840 534.30 |
| Receivable on subscriptions | 541 697.41 |
| Interest receivable on securities | 1 925 618.91 |
| Receivable on dividends | 975 450.02 |
| Other receivables | 357 321.32 |
| Unrealized gain (loss) on financial futures (Note 1) | -78 251 482.21 |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | 9 313 753.29 |
| Total Assets | 2 019 595 290.10 |
|  |  |
| Liabilities |  |
| Bank overdraft | -1 566 860.71 |
| Payable on securities purchases (Note 1) | -3 261 106.35 |
| Payable on redemptions | -1 522 392.53 |
| Provisions for flat fee (Note 2) | -1 018 518.15 |
| Provisions for taxe d’abonnement (Note 3) | -105 331.22 |
| Provisions for other commissions and fees (Note 2) | 	-332 654.34	 |
| Total provisions | -1 456 503.71 |
| Total Liabilities | -7 806 863.30 |
|  |  |
| Net assets at the end of the financial year | 2 011 788 426.80 |
| Statement of Operations | USD |
| Income | 1.6.2019-31.5.2020 |
| Interest on liquid assets | 527 850.43 |
| Interest on securities | 11 107 300.46 |
| Dividends | 8 704 031.52 |
| Income on securities lending (Note 15) | 613 772.48 |
| Other income (Note 4) | 482 248.85 |
| Total income | 21 435 203.74 |
|  |  |
| Expenses |  |
| Cost on securities lending (Note 15) | -245 508.99 |
| Flat fee (Note 2) | -29 247 150.20 |
| Taxe d’abonnement (Note 3) | -722 911.37 |
| Other commissions and fees (Note 2) | -456 804.01 |
| Interest on cash and bank overdraft | -109 440.19 |
| Total expenses | -30 781 814.76 |
|  |  |
| Net income (loss) on investments | -9 346 611.02 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 56 844 813.96 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | 148 786.97 |
| Realized gain (loss) on financial futures | -40 324 554.08 |
| Realized gain (loss) on forward foreign exchange contracts | -40 883 964.72 |
| Realized gain (loss) on swaps | -12.80 |
| Realized gain (loss) on foreign exchange | 30 877 718.23 |
| Total realized gain (loss) | 6 662 787.56 |
|  |  |
| Net realized gain (loss) of the financial year | -2 683 823.46 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 15 601 790.61 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | 42 744.83 |
| Unrealized appreciation (depreciation) on financial futures | -70 530 943.28 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | 1 872 711.73 |
| Total changes in unrealized appreciation (depreciation) | -53 013 696.11 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | -55 697 519.57 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Annual report and audited financial statements as of 31 May 2020
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-31.5.2020 |
| Net assets at the beginning of the financial year | 2 120 118 601.72 |
| Subscriptions | 600 086 921.57 |
| Redemptions | 	-639 385 103.55	 |
| Total net subscriptions (redemptions) | -39 298 181.98 |
| Dividend paid | -13 334 473.37 |
| Net income (loss) on investments | -9 346 611.02 |
| Total realized gain (loss) | 6 662 787.56 |
| Total changes in unrealized appreciation (depreciation) | 	-53 013 696.11	 |
| Net increase (decrease) in net assets as a result of operations | -55 697 519.57 |
| Net assets at the end of the financial year | 2 011 788 426.80 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2019-31.5.2020 |
| Class | K-1-4%-mdist |
| Number of shares outstanding at the beginning of the financial year | 5.3000 |
| Number of shares issued | 2.3000 |
| Number of shares redeemed | -0.8000 |
| Number of shares outstanding at the end of the financial year | 6.8000 |
| Class | (EUR hedged) K-1-4%-mdist |
| Number of shares outstanding at the beginning of the financial year | 3.5000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -3.4000 |
| Number of shares outstanding at the end of the financial year | 0.1000 |
| Class | K-1-acc |
| Number of shares outstanding at the beginning of the financial year | 20.9000 |
| Number of shares issued | 2.0000 |
| Number of shares redeemed | -0.4000 |
| Number of shares outstanding at the end of the financial year | 22.5000 |
| Class | (CHF hedged) K-1-acc |
| Number of shares outstanding at the beginning of the financial year | 0.7000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -0.7000 |
| Number of shares outstanding at the end of the financial year | 0.0000 |
| Class | (EUR hedged) K-1-acc |
| Number of shares outstanding at the beginning of the financial year | 4.7000 |
| Number of shares issued | 1.9000 |
| Number of shares redeemed | -3.2000 |
| Number of shares outstanding at the end of the financial year | 3.4000 |
| Class | P-4%-mdist |
| Number of shares outstanding at the beginning of the financial year | 2 117 416.0230 |
| Number of shares issued | 520 919.8750 |
| Number of shares redeemed | -832 455.1350 |
| Number of shares outstanding at the end of the financial year | 1 805 880.7630 |
| Class | (HKD) P-4%-mdist |
| Number of shares outstanding at the beginning of the financial year | 462 432.4010 |
| Number of shares issued | 57 767.6860 |
| Number of shares redeemed | -180 765.5830 |
| Number of shares outstanding at the end of the financial year | 339 434.5040 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the financial year | 5 559 346.9120 |
| Number of shares issued | 1 417 936.7930 |
| Number of shares redeemed | -1 544 723.8920 |
| Number of shares outstanding at the end of the financial year | 5 432 559.8130 |
| Class | (HKD) P-acc |
| Number of shares outstanding at the beginning of the financial year | 555 478.3460 |
| Number of shares issued | 27 209.3400 |
| Number of shares redeemed | -156 261.3100 |
| Number of shares outstanding at the end of the financial year | 426 426.3760 |
| Class | (AUD hedged) P-acc |
| Number of shares outstanding at the beginning of the financial year | 595 848.9110 |
| Number of shares issued | 219 830.6230 |
| Number of shares redeemed | -104 639.0070 |
| Number of shares outstanding at the end of the financial year | 711 040.5270 |
| Class | (CAD hedged) P-acc |
| Number of shares outstanding at the beginning of the financial year | 448 319.5320 |
| Number of shares issued | 39 332.4130 |
| Number of shares redeemed | -73 195.0560 |
| Number of shares outstanding at the end of the financial year | 414 456.8890 |
| Class | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the financial year | 2 077 072.9020 |
| Number of shares issued | 364 540.8530 |
| Number of shares redeemed | -333 912.2590 |
| Number of shares outstanding at the end of the financial year | 2 107 701.4960 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Annual report and audited financial statements as of 31 May 2020
| Class | (EUR hedged) P-acc |
| --- | --- |
| Number of shares outstanding at the beginning of the financial year | 2 149 396.9750 |
| Number of shares issued | 620 525.9290 |
| Number of shares redeemed | -928 212.0890 |
| Number of shares outstanding at the end of the financial year | 1 841 710.8150 |
| Class | (GBP hedged) P-acc |
| Number of shares outstanding at the beginning of the financial year | 346 984.7990 |
| Number of shares issued | 239 412.0060 |
| Number of shares redeemed | -152 563.8140 |
| Number of shares outstanding at the end of the financial year | 433 832.9910 |
| Class | (SGD hedged) P-acc |
| Number of shares outstanding at the beginning of the financial year | 436 591.7930 |
| Number of shares issued | 127 544.7780 |
| Number of shares redeemed | -83 777.0600 |
| Number of shares outstanding at the end of the financial year | 480 359.5110 |
| Class | Q-4%-mdist |
| Number of shares outstanding at the beginning of the financial year | 179 020.0620 |
| Number of shares issued | 174 679.5180 |
| Number of shares redeemed | -103 404.2420 |
| Number of shares outstanding at the end of the financial year | 250 295.3380 |
| Class | (HKD) Q-4%-mdist |
| Number of shares outstanding at the beginning of the financial year | 80 633.6330 |
| Number of shares issued | 35 808.4500 |
| Number of shares redeemed | -52 535.2340 |
| Number of shares outstanding at the end of the financial year | 63 906.8490 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the financial year | 1 172 458.7630 |
| Number of shares issued | 672 963.0040 |
| Number of shares redeemed | -400 481.5260 |
| Number of shares outstanding at the end of the financial year | 1 444 940.2410 |
| Class | (HKD) Q-acc |
| Number of shares outstanding at the beginning of the financial year | 16 415.1520 |
| Number of shares issued | 1 760.9080 |
| Number of shares redeemed | -8 776.4960 |
| Number of shares outstanding at the end of the financial year | 9 399.5640 |
| Class | (CAD hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year | 63 607.7480 |
| Number of shares issued | 87 452.7540 |
| Number of shares redeemed | -49 074.4190 |
| Number of shares outstanding at the end of the financial year | 101 986.0830 |
| Class | (CHF hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year | 776 353.9840 |
| Number of shares issued | 147 129.8300 |
| Number of shares redeemed | -187 120.5340 |
| Number of shares outstanding at the end of the financial year | 736 363.2800 |
| Class | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year | 940 295.5580 |
| Number of shares issued | 261 431.2210 |
| Number of shares redeemed | -292 219.7200 |
| Number of shares outstanding at the end of the financial year | 909 507.0590 |
| Class | (GBP hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year | 81 089.3390 |
| Number of shares issued | 46 818.9050 |
| Number of shares redeemed | -28 872.5450 |
| Number of shares outstanding at the end of the financial year | 99 035.6990 |
| Class | (SEK hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year | 278 937.2570 |
| Number of shares issued | 16 934.5500 |
| Number of shares redeemed | -88 038.6720 |
| Number of shares outstanding at the end of the financial year | 207 833.1350 |
| Class | (SGD hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year | 220 008.7610 |
| Number of shares issued | 190 479.5800 |
| Number of shares redeemed | -97 052.1750 |
| Number of shares outstanding at the end of the financial year | 313 436.1660 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Annual report and audited financial statements as of 31 May 2020
| Monthly Distribution 1 |  |
| --- | --- |
| UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium | (USD)  Ex-Date | Pay-Date | Currency | Amount per share |
| K-1-4%-mdist | 11.6.2019 | 14.6.2019 | USD | 16 331.27 |
| K-1-4%-mdist | 10.7.2019 | 15.7.2019 | USD | 16 759.08 |
| K-1-4%-mdist | 12.8.2019 | 16.8.2019 | USD | 16 841.60 |
| K-1-4%-mdist | 10.9.2019 | 13.9.2019 | USD | 16 596.01 |
| K-1-4%-mdist | 10.10.2019 | 15.10.2019 | USD | 16 557.94 |
| K-1-4%-mdist | 11.11.2019 | 14.11.2019 | USD | 16 560.69 |
| K-1-4%-mdist | 10.12.2019 | 13.12.2019 | USD | 16 783.46 |
| K-1-4%-mdist | 10.1.2020 | 15.1.2020 | USD | 17 022.10 |
| K-1-4%-mdist | 10.2.2020 | 13.2.2020 | USD | 16 957.63 |
| K-1-4%-mdist | 10.3.2020 | 13.3.2020 | USD | 16 033.14 |
| K-1-4%-mdist | 14.4.2020 | 17.4.2020 | USD | 15 093.21 |
| K-1-4%-mdist | 11.5.2020 | 14.5.2020 | USD | 15 363.07 |
| (EUR hedged) K-1-4%-mdist | 11.6.2019 | 14.6.2019 | EUR | 9 571.80 |
| (EUR hedged) K-1-4%-mdist | 10.7.2019 | 15.7.2019 | EUR | 9 797.96 |
| (EUR hedged) K-1-4%-mdist | 12.8.2019 | 16.8.2019 | EUR | 9 823.96 |
| (EUR hedged) K-1-4%-mdist | 10.9.2019 | 13.9.2019 | EUR | 9 657.22 |
| (EUR hedged) K-1-4%-mdist | 10.10.2019 | 15.10.2019 | EUR | 9 614.68 |
| (EUR hedged) K-1-4%-mdist | 11.11.2019 | 14.11.2019 | EUR | 9 593.24 |
| (EUR hedged) K-1-4%-mdist | 10.12.2019 | 13.12.2019 | EUR | 9 705.67 |
| (EUR hedged) K-1-4%-mdist | 10.1.2020 | 15.1.2020 | EUR | 9 816.55 |
| (EUR hedged) K-1-4%-mdist | 10.2.2020 | 13.2.2020 | EUR | 9 761.71 |
| (EUR hedged) K-1-4%-mdist | 10.3.2020 | 13.3.2020 | EUR | 9 223.60 |
| (EUR hedged) K-1-4%-mdist | 14.4.2020 | 17.4.2020 | EUR | 8 656.58 |
| (EUR hedged) K-1-4%-mdist | 11.5.2020 | 14.5.2020 | EUR | 8 800.92 |
| P-4%-mdist | 11.6.2019 | 14.6.2019 | USD | 0.33 |
| P-4%-mdist | 10.7.2019 | 15.7.2019 | USD | 0.33 |
| P-4%-mdist | 12.8.2019 | 16.8.2019 | USD | 0.34 |
| P-4%-mdist | 10.9.2019 | 13.9.2019 | USD | 0.33 |
| P-4%-mdist | 10.10.2019 | 15.10.2019 | USD | 0.33 |
| P-4%-mdist | 11.11.2019 | 14.11.2019 | USD | 0.33 |
| P-4%-mdist | 10.12.2019 | 13.12.2019 | USD | 0.33 |
| P-4%-mdist | 10.1.2020 | 15.1.2020 | USD | 0.34 |
| P-4%-mdist | 10.2.2020 | 13.2.2020 | USD | 0.34 |
| P-4%-mdist | 10.3.2020 | 13.3.2020 | USD | 0.32 |
| P-4%-mdist | 14.4.2020 | 17.4.2020 | USD | 0.30 |
| P-4%-mdist | 11.5.2020 | 14.5.2020 | USD | 0.31 |
| (HKD) P-4%-mdist | 11.6.2019 | 14.6.2019 | HKD | 3.28 |
| (HKD) P-4%-mdist | 10.7.2019 | 15.7.2019 | HKD | 3.36 |
| (HKD) P-4%-mdist | 12.8.2019 | 16.8.2019 | HKD | 3.38 |
| (HKD) P-4%-mdist | 10.9.2019 | 13.9.2019 | HKD | 3.33 |
| (HKD) P-4%-mdist | 10.10.2019 | 15.10.2019 | HKD | 3.32 |
| (HKD) P-4%-mdist | 11.11.2019 | 14.11.2019 | HKD | 3.32 |
| (HKD) P-4%-mdist | 10.12.2019 | 13.12.2019 | HKD | 3.36 |
| (HKD) P-4%-mdist | 10.1.2020 | 15.1.2020 | HKD | 3.39 |
| (HKD) P-4%-mdist | 10.2.2020 | 13.2.2020 | HKD | 3.37 |
| (HKD) P-4%-mdist | 10.3.2020 | 13.3.2020 | HKD | 3.19 |
| (HKD) P-4%-mdist | 14.4.2020 | 17.4.2020 | HKD | 2.99 |
| (HKD) P-4%-mdist | 11.5.2020 | 14.5.2020 | HKD | 3.04 |
| Q-4%-mdist | 11.6.2019 | 14.6.2019 | USD | 0.34 |
| Q-4%-mdist | 10.7.2019 | 15.7.2019 | USD | 0.34 |
| Q-4%-mdist | 12.8.2019 | 16.8.2019 | USD | 0.35 |
| Q-4%-mdist | 10.9.2019 | 13.9.2019 | USD | 0.34 |
| Q-4%-mdist | 10.10.2019 | 15.10.2019 | USD | 0.34 |
| Q-4%-mdist | 11.11.2019 | 14.11.2019 | USD | 0.34 |
| Q-4%-mdist | 10.12.2019 | 13.12.2019 | USD | 0.35 |
| Q-4%-mdist | 10.1.2020 | 15.1.2020 | USD | 0.35 |
| Q-4%-mdist | 10.2.2020 | 13.2.2020 | USD | 0.35 |
| Q-4%-mdist | 10.3.2020 | 13.3.2020 | USD | 0.33 |
| Q-4%-mdist | 14.4.2020 | 17.4.2020 | USD | 0.31 |
| Q-4%-mdist | 11.5.2020 | 14.5.2020 | USD | 0.32 |
| (HKD) Q-4%-mdist | 11.6.2019 | 14.6.2019 | HKD | 3.40 |
| (HKD) Q-4%-mdist | 10.7.2019 | 15.7.2019 | HKD | 3.48 |
| (HKD) Q-4%-mdist | 12.8.2019 | 16.8.2019 | HKD | 3.50 |
| (HKD) Q-4%-mdist | 10.9.2019 | 13.9.2019 | HKD | 3.45 |
| (HKD) Q-4%-mdist | 10.10.2019 | 15.10.2019 | HKD | 3.45 |
| (HKD) Q-4%-mdist | 11.11.2019 | 14.11.2019 | HKD | 3.45 |
| (HKD) Q-4%-mdist | 10.12.2019 | 13.12.2019 | HKD | 3.49 |
| (HKD) Q-4%-mdist | 10.1.2020 | 15.1.2020 | HKD | 3.53 |
| (HKD) Q-4%-mdist | 10.2.2020 | 13.2.2020 | HKD | 3.50 |
| (HKD) Q-4%-mdist | 10.3.2020 | 13.3.2020 | HKD | 3.32 |
| (HKD) Q-4%-mdist | 14.4.2020 | 17.4.2020 | HKD | 3.11 |
| (HKD) Q-4%-mdist | 11.5.2020 | 14.5.2020 | HKD | 3.17 |
| 1  See note 5 |  |  |  |  |

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

## Statement of Investments in Securities and other Net Assets as of 31 May 2020
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Bearer shares |  |  |  |
| Austria |  |  |  |
| EUR	ANDRITZ AG NPV(BR) | 2 440.00 | 91 574.88 | 0.00 |
| EUR	ERSTE GROUP BK AG NPV | 10 745.00 | 236 235.25 | 0.01 |
| EUR	OMV AG NPV(VAR) | 5 470.00 | 180 832.96 | 0.01 |
| EUR	RAIFFEISEN BK INTL NPV (REGD) | 5 630.00 | 103 582.25 | 0.01 |
| EUR	VERBUND AG CLASS'A'NPV | 2 236.00 | 99 588.07 | 0.01 |
| EUR	VOESTALPINE AG NPV | 3 896.00 | 75 991.70 | 0.00 |
| Total Austria |  | 787 805.11 | 0.04 |
| Belgium |  |  |  |
| EUR	ANHEUSER-BUSCH IN NPV | 28 578.00 | 1 332 266.02 | 0.07 |
| EUR	COLRUYT SA NPV | 2 407.00 | 145 598.45 | 0.01 |
| EUR	ELIA SYS OPERATOR NPV | 153.00 | 17 972.02 | 0.00 |
| EUR	GALAPAGOS NV NPV | 1 730.00 | 352 832.41 | 0.02 |
| EUR	GPE BRUXELLES LAM NPV | 3 213.00 | 259 899.87 | 0.01 |
| EUR	PROXIMUS SA NPV | 5 957.00 | 124 540.73 | 0.01 |
| EUR	SOFINA NPV | 72.00 | 19 701.94 | 0.00 |
| EUR	SOLVAY SA NPV | 2 864.00 | 218 161.56 | 0.01 |
| EUR	UMICORE NPV | 6 847.00 | 303 431.82 | 0.01 |
| Total Belgium |  | 2 774 404.82 | 0.14 |
| Canada |  |  |  |
| CAD	AIR CANADA VAR VTG SHS NPV | 6 550.00 | 75 347.27 | 0.00 |
| CAD	ALGONQUIN PWR&UTIL COM NPV | 29 000.00 | 404 514.54 | 0.02 |
| CAD	ALTAGAS LTD COM NPV | 13 949.00 | 149 158.02 | 0.01 |
| CAD	ATCO LTD CL 1 NON VTG | 3 589.00 | 100 773.47 | 0.00 |
| CAD	BOMBARDIER INC CLASS'B'SUB-VTG NPV | 107 713.00 | 34 678.26 | 0.00 |
| CAD	CAE INC COM NPV | 13 036.00 | 194 851.51 | 0.01 |
| CAD	CAMECO CORP COM | 18 907.00 | 204 636.61 | 0.01 |
| CAD	CANADIAN UTILS LTD CL A | 6 211.00 | 148 467.26 | 0.01 |
| CAD	CANOPY GROWTH CORP COM NPV | 6 900.00 | 120 857.33 | 0.01 |
| CAD	CI FINANCIAL CORP COM NPV | 10 848.00 | 128 085.20 | 0.01 |
| CAD	EMERA INC COM | 12 913.00 | 511 400.39 | 0.03 |
| CAD	EMPIRE LTD CL A | 8 141.00 | 183 528.84 | 0.01 |
| CAD	HUSKY ENERGY INC COM | 16 699.00 | 46 876.08 | 0.00 |
| CAD	HYDRO ONE INC COM NPV | 16 362.00 | 315 828.51 | 0.02 |
| CAD	IGM FINANCIAL INC COM | 3 875.00 | 91 674.50 | 0.00 |
| CAD	KEYERA CORPORATION COM NPV | 10 802.00 | 170 524.99 | 0.01 |
| CAD	KINROSS GOLD CORP COM NPV | 58 512.00 | 378 875.99 | 0.02 |
| CAD	KIRKLAND LAKE GOLD COM NPV | 14 640.00 | 561 895.53 | 0.03 |
| CAD	LUNDIN MINING CORP COM | 32 046.00 | 146 991.49 | 0.01 |
| CAD	METHANEX CORP COM | 631.00 | 10 184.93 | 0.00 |
| CAD	ONEX CORP SUB VTG | 3 969.00 | 185 528.21 | 0.01 |
| CAD	PAN AMER SILVER COM NPV | 826.00 | 24 196.74 | 0.00 |
| CAD	PRAIRIESKY ROYALTY COM NPV | 5 062.00 | 33 253.48 | 0.00 |
| CAD	QUEBECOR INC CL B | 8 629.00 | 188 973.98 | 0.01 |
| CAD	RITCHIE BROS AUCTIONEERS COM | 423.00 | 18 236.56 | 0.00 |
| CAD	TELUS CORPORATION COM NPV | 4 216.00 | 72 778.01 | 0.00 |
| CAD	TELUS CORPORATION NPV | 17 904.00 | 307 251.40 | 0.01 |
| CAD	TMX GROUP LTD COM NPV | 188.00 | 18 771.44 | 0.00 |
| CAD	WEST FRASER TIMBER COM NPV | 2 581.00 | 69 576.08 | 0.00 |
| CAD	WSP GLOBAL INC COM NPV | 5 644.00 | 362 846.08 | 0.02 |
| CAD	YAMANA GOLD INC COM | 3 498.00 | 18 854.07 | 0.00 |
| Total Canada |  | 5 279 416.77 | 0.26 |
| Finland |  |  |  |
| EUR	KONE CORPORATION NPV ORD 'B' | 12 586.00 | 843 922.24 | 0.04 |
| EUR	METSO OYJ NPV | 3 764.00 | 122 131.45 | 0.00 |
| EUR	WARTSILA OYJ ABP SER'B'EUR3.50 | 16 724.00 | 130 667.07 | 0.01 |
| Total Finland |  | 1 096 720.76 | 0.05 |
| France |  |  |  |
| EUR	ACCOR EUR3 | 6 399.00 | 180 439.46 | 0.01 |
| EUR	ADP EUR3 | 1 030.00 | 107 296.72 | 0.01 |
| EUR	AIR LIQUIDE(L') EUR5.5 (POST-SUBDIVISION) | 17 704.00 | 2 404 520.72 | 0.12 |
| EUR	AIRBUS EUR1 | 21 734.00 | 1 370 768.70 | 0.07 |
| EUR	ALSTOM EUR7.00 | 7 439.00 | 313 117.36 | 0.02 |
| EUR	AMUNDI EUR2.5 (AIW) | 2 407.00 | 179 253.70 | 0.01 |
| EUR	ARKEMA EUR10 | 2 706.00 | 235 865.10 | 0.01 |
| EUR	ATOS SE EUR1 | 3 779.00 | 285 086.16 | 0.01 |
| EUR	AXA EUR2.29 | 69 602.00 | 1 268 168.83 | 0.06 |
| EUR	BIOMERIEUX NPV (POST SPLIT) | 1 588.00 | 228 043.77 | 0.01 |
| EUR	BNP PARIBAS EUR2 | 40 678.00 | 1 459 479.83 | 0.07 |
| EUR	BOLLORE EUR0.16 | 33 637.00 | 96 009.75 | 0.00 |
| EUR	BOUYGUES EUR1 | 8 318.00 | 254 814.60 | 0.01 |
| EUR	BUREAU VERITAS EUR0.12 | 10 627.00 | 216 205.06 | 0.01 |
| EUR	CAPGEMINI EUR8 | 6 081.00 | 622 982.85 | 0.03 |
| EUR	CARREFOUR EUR2.50 | 23 618.00 | 358 737.09 | 0.02 |
| EUR	CASINO GUICH-PERR EUR1.53 | 2 102.00 | 79 216.85 | 0.00 |
| EUR	CIE DE ST-GOBAIN EUR4 | 18 917.00 | 611 700.39 | 0.03 |
| EUR	CNP ASSURANCES EUR1 | 5 515.00 | 58 002.75 | 0.00 |
| EUR	COVIVIO EUR3 | 1 518.00 | 88 902.02 | 0.00 |
| EUR	CREDIT AGRICOLE SA EUR3 | 40 451.00 | 352 046.12 | 0.02 |
| EUR	DANONE EUR0.25 | 22 725.00 | 1 556 123.14 | 0.08 |
| EUR	DASSAULT AVIATION EUR8 | 87.00 | 74 226.00 | 0.00 |
| EUR	DASSAULT SYSTEMES EUR0.50 | 4 852.00 | 821 711.85 | 0.04 |
| EUR	EDENRED EUR2 | 8 916.00 | 372 707.64 | 0.02 |
| EUR	EDF EUR0.5 | 25 170.00 | 222 750.89 | 0.01 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Annual report and audited financial statements as of 31 May 2020
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| EUR | EIFFAGE EUR4 | 2 986.00 | 272 361.12 | 0.01 |
| EUR | ENGIE EUR1 | 64 759.00 | 766 088.76 | 0.04 |
| EUR | ESSILORLUXOTTICA EUR0.18 | 10 578.00 | 1 361 965.23 | 0.07 |
| EUR | EURAZEO NPV | 1 095.00 | 53 349.42 | 0.00 |
| EUR | FAURECIA EUR7 | 2 668.00 | 102 862.21 | 0.01 |
| EUR | GETLINK SE EUR0.40 | 15 685.00 | 226 464.78 | 0.01 |
| EUR | HERMES INTL NPV | 1 180.00 | 981 542.09 | 0.05 |
| EUR | ICADE NPV | 1 043.00 | 74 657.66 | 0.00 |
| EUR | ILIAD NPV | 687.00 | 121 046.82 | 0.01 |
| EUR | INGENICO GROUP EUR1 | 2 330.00 | 321 898.52 | 0.02 |
| EUR | IPSEN EUR1 | 1 427.00 | 112 223.77 | 0.01 |
| EUR | JC DECAUX SA NPV | 2 102.00 | 42 764.94 | 0.00 |
| EUR | KERING EUR4 | 2 835.00 | 1 480 889.35 | 0.07 |
| EUR | KLEPIERRE EUR1.40 | 7 572.00 | 143 523.05 | 0.01 |
| EUR | L'OREAL EUR0.20 | 9 321.00 | 2 715 435.34 | 0.13 |
| EUR | LEGRAND SA EUR4 | 9 749.00 | 664 755.60 | 0.03 |
| EUR | LVMH MOET HENNESSY EUR0.30 | 10 240.00 | 4 271 424.00 | 0.21 |
| EUR | NATIXIS EUR1.6 | 31 695.00 | 70 265.08 | 0.00 |
| EUR | ORANGE EUR4 | 71 943.00 | 867 879.76 | 0.04 |
| EUR | ORPEA EUR2.5 | 1 236.00 | 145 185.70 | 0.01 |
| EUR | PERNOD RICARD EUR1.55 | 7 945.00 | 1 238 150.67 | 0.06 |
| EUR | PEUGEOT SA EUR1 | 22 940.00 | 326 749.14 | 0.02 |
| EUR | PUBLICIS GROUPE SA EUR0.40 | 8 604.00 | 244 243.22 | 0.01 |
| EUR | REMY COINTREAU EUR1.60 | 889.00 | 105 612.29 | 0.01 |
| EUR | RENAULT SA EUR3.81 | 6 796.00 | 152 740.32 | 0.01 |
| EUR | SAFRAN EUR0.20 | 12 102.00 | 1 155 818.10 | 0.06 |
| EUR | SANOFI EUR2 | 42 100.00 | 4 099 024.21 | 0.20 |
| EUR | SARTORIUS STEDIM B EUR0.20 (POST SUBD) | 959.00 | 260 072.10 | 0.01 |
| EUR | SCHNEIDER ELECTRIC EUR8 | 20 788.00 | 2 063 543.98 | 0.10 |
| EUR | SCOR SE EUR7.876972 (POST CONS) | 6 171.00 | 152 250.44 | 0.01 |
| EUR | SEB SA EUR1 | 902.00 | 123 812.12 | 0.01 |
| EUR | SOC GENERALE EUR1.25 | 28 154.00 | 414 387.89 | 0.02 |
| EUR | SODEXO EUR4 | 3 285.00 | 221 217.38 | 0.01 |
| EUR | SUEZ EUR4 | 13 707.00 | 155 671.68 | 0.01 |
| EUR | TELEPERFORMANCE EUR2.50 | 2 197.00 | 520 780.80 | 0.03 |
| EUR | THALES EUR3 | 4 138.00 | 316 587.76 | 0.02 |
| EUR | TOTAL EUR2.5 | 89 511.00 | 3 347 959.24 | 0.17 |
| EUR | UBISOFT ENTERTAIN EUR0.31 | 3 521.00 | 272 829.27 | 0.01 |
| EUR | UNIBAIL-RODAMCO-WE NPV(1 ORD UNIBAIL-R & 1CLS) | 5 723.00 | 303 657.20 | 0.02 |
| EUR | VALEO EUR1 (POST SUBD) | 8 910.00 | 219 529.50 | 0.01 |
| EUR | VEOLIA ENVIRONNEME EUR5 | 18 930.00 | 414 502.82 | 0.02 |
| EUR | VINCI EUR2.50 | 19 265.00 | 1 779 499.27 | 0.09 |
| EUR | VIVENDI SA EUR5.50 | 32 851.00 | 746 549.18 | 0.04 |
| EUR | WENDEL EUR4 | 1 038.00 | 95 371.55 | 0.00 |
| EUR | WORLDLINE EUR0.68 | 5 201.20 | 388 326.44 | 0.02 |
| Total France | 47 733 647.12 | 2.37 |
| Germany |  |  |  |  |
| EUR | BAYERISCHE MOTOREN WERKE AG EUR1 | 12 192.00 | 713 349.17 | 0.04 |
| EUR | BEIERSDORF AG NPV | 3 749.00 | 393 083.07 | 0.02 |
| EUR | CARL ZEISS MEDITEC NPV | 1 356.00 | 138 918.72 | 0.01 |
| EUR | COMMERZBANK AG NPV | 38 869.00 | 151 369.00 | 0.01 |
| EUR | CONTINENTAL AG ORD NPV | 3 856.00 | 379 338.76 | 0.02 |
| EUR | COVESTRO AG NPV | 6 290.00 | 232 919.53 | 0.01 |
| EUR | DEUTSCHE WOHNEN AG NPV (BR) | 13 794.00 | 617 125.86 | 0.03 |
| EUR | FRAPORT AG NPV | 1 249.00 | 61 991.69 | 0.00 |
| EUR | FRESENIUS MED CARE NPV | 8 168.00 | 686 877.01 | 0.03 |
| EUR | FRESENIUS SE & CO. KGAA NPV | 15 661.00 | 752 566.18 | 0.04 |
| EUR | GEA GROUP AG NPV | 6 073.00 | 180 974.53 | 0.01 |
| EUR | HEIDELBERGCEMENT NPV | 5 726.00 | 284 262.58 | 0.01 |
| EUR | HENKEL AG & CO KGAA | 3 641.00 | 291 807.28 | 0.01 |
| EUR | HOCHTIEF AG NPV | 956.00 | 84 115.46 | 0.00 |
| EUR | KION GROUP AG NPV | 2 235.00 | 124 802.33 | 0.01 |
| EUR | KNORR BREMSE AG NPV | 2 018.00 | 213 652.67 | 0.01 |
| EUR | LANXESS AG NPV | 3 266.00 | 168 858.82 | 0.01 |
| EUR | MERCK KGAA NPV | 4 918.00 | 564 285.92 | 0.03 |
| EUR | METRO AG (NEW) NPV | 7 047.00 | 65 813.98 | 0.00 |
| EUR | NEMETSCHEK SE ORD NPV | 259.00 | 20 426.19 | 0.00 |
| EUR | PUMA SE NPV | 3 270.00 | 233 447.34 | 0.01 |
| EUR | RWE AG (NEU) NPV | 22 554.00 | 747 369.79 | 0.04 |
| EUR | SAP AG ORD NPV | 36 822.00 | 4 648 841.02 | 0.23 |
| EUR | SYMRISE AG NPV (BR) | 4 919.00 | 538 410.33 | 0.03 |
| EUR | TEAMVIEWER AG NPV | 3 214.00 | 163 578.38 | 0.01 |
| EUR | THYSSENKRUPP AG NPV | 14 804.00 | 99 791.41 | 0.01 |
| EUR | VOLKSWAGEN AG ORD NPV | 1 185.00 | 187 702.39 | 0.01 |
| EUR | WIRECARD AG NPV | 4 382.00 | 460 915.48 | 0.02 |
| EUR | ZALANDO SE NPV | 5 613.00 | 379 861.87 | 0.02 |
| Total Germany	13 586 456.76	0.68 |
| Ireland |  |  |  |  |
| GBP | DCC ORD EUR0.25 | 1 941.00 | 161 545.00 | 0.01 |
| EUR | FLUTTER ENTERTAINM ORD EUR0.09 | 2 553.07 | 327 441.46 | 0.02 |
| GBP | FLUTTER ENTERTAINM ORD EUR0.09 | 2 939.71 | 373 613.07 | 0.02 |
| EUR | KERRY GROUP 'A'ORD EUR0.125(DUBLIN LIST | 5 622.00 | 696 029.21 | 0.03 |
| Total Ireland	1 558 628.74	0.08 |
| Italy |  |  |  |  |
| EUR | ASSIC GENERALI SPA EUR1 | 39 869.00 | 553 688.31 | 0.03 |
| EUR | DIASORIN SPA EUR1 | 546.00 | 114 484.17 | 0.01 |
| EUR | FINECOBANK SPA EUR0.33 | 22 348.00 | 261 141.67 | 0.01 |
| EUR | LEONARDO SPA EUR4.40 | 14 358.00 | 89 438.28 | 0.00 |
| EUR | POSTE ITALIANE SPA NPV | 21 023.00 | 184 600.67 | 0.01 |
| EUR | TELECOM ITALIA SPA DI RISP EUR0.55 | 186 227.00 | 71 839.48 | 0.00 |
| EUR | TELECOM ITALIA SPA EUR0.55 | 298 539.00 | 110 250.51 | 0.01 |
| Total Italy |  |  | 1 385 443.09 | 0.07 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Annual report and audited financial statements as of 31 May 2020
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Japan |  |  |  |  |
| JPY | ACOM CO NPV | 4 700.00 | 19 151.62 | 0.00 |
| JPY | ADVANTEST CORP NPV | 3 600.00 | 177 769.53 | 0.01 |
| JPY | AIR WATER INC NPV | 3 000.00 | 43 579.15 | 0.00 |
| JPY | AISIN SEIKI CO NPV | 2 600.00 | 81 932.52 | 0.00 |
| JPY | AMADA CO LTD NPV | 4 700.00 | 41 924.17 | 0.00 |
| JPY | AOZORA BANK LTD | 3 400.00 | 63 180.95 | 0.00 |
| JPY | ASAHI INTECC CO LT NPV | 3 600.00 | 110 270.57 | 0.01 |
| JPY | BANDAI NAMCO HLDGS NPV | 3 900.00 | 217 054.81 | 0.01 |
| JPY | BENESSE HOLDINGS INC NPV | 400.00 | 10 830.28 | 0.00 |
| JPY | BK OF KYOTO NPV | 1 100.00 | 39 513.62 | 0.00 |
| JPY | CALBEE INC NPV | 2 400.00 | 69 392.49 | 0.00 |
| JPY | CENTRAL JAPAN RLWY NPV | 2 600.00 | 444 897.21 | 0.02 |
| JPY | CHIBA BANK NPV | 12 000.00 | 57 028.82 | 0.00 |
| JPY | CHUGAI PHARM CO NPV | 4 200.00 | 619 464.43 | 0.03 |
| JPY | COCA-COLA BOTTLERS NPV | 2 100.00 | 41 713.46 | 0.00 |
| JPY | CONCORDIA FINANCIA NPV | 21 100.00 | 68 939.53 | 0.00 |
| JPY | CYBER AGENT NPV | 1 600.00 | 80 642.32 | 0.00 |
| JPY | DAI-ICHI LIFE HOLD NPV | 19 700.00 | 256 547.09 | 0.01 |
| JPY | DAICEL CORP | 5 800.00 | 49 098.25 | 0.00 |
| JPY | DAIFUKU CO LTD NPV | 1 700.00 | 132 231.87 | 0.01 |
| JPY | DAIICHI SANKYO COM NPV | 10 600.00 | 992 258.79 | 0.05 |
| JPY | DAIKIN INDUSTRIES NPV | 4 700.00 | 691 465.17 | 0.04 |
| JPY | DAITO TRUST CONST NPV | 1 300.00 | 137 378.75 | 0.01 |
| JPY | DAIWA HOUSE INDS NPV | 10 800.00 | 268 107.86 | 0.01 |
| JPY | DAIWA HOUSE REIT I REIT | 46.00 | 113 745.77 | 0.01 |
| JPY | DISCO CORPORATION NPV | 400.00 | 89 330.30 | 0.01 |
| JPY | EISAI CO NPV | 5 000.00 | 391 609.04 | 0.02 |
| JPY | FANUC CORP NPV | 3 500.00 | 624 240.04 | 0.03 |
| JPY | FAST RETAILING CO NPV | 1 100.00 | 618 025.72 | 0.03 |
| JPY | FUJI ELECTRIC CO L NPV | 1 600.00 | 42 756.76 | 0.00 |
| JPY | FUKUOKA FINANCIAL NPV | 2 600.00 | 42 305.66 | 0.00 |
| JPY | GLP J-REIT REIT | 14.00 | 18 673.60 | 0.00 |
| JPY | GMO PAYMENT GATEWA NPV | 600.00 | 67 554.65 | 0.00 |
| JPY | HANKYU HANSHIN HLD NPV | 4 100.00 | 151 464.24 | 0.01 |
| JPY | HIKARI TSUSHIN INC NPV | 400.00 | 87 659.54 | 0.01 |
| JPY | HIROSE ELECTRIC NPV | 720.00 | 86 011.05 | 0.00 |
| JPY | HISAMITSU PHARM CO NPV | 900.00 | 45 361.30 | 0.00 |
| JPY | HOSHIZAKI CORPORAT NPV | 900.00 | 72 678.33 | 0.00 |
| JPY | HULIC CO LTD NPV | 6 800.00 | 68 798.44 | 0.00 |
| JPY | IDEMITSU KOSAN CO LTD | 3 758.00 | 83 367.71 | 0.00 |
| JPY | ISETAN MITSUKOSHI NPV | 6 100.00 | 40 823.32 | 0.00 |
| JPY | ISUZU MOTORS NPV | 8 500.00 | 79 646.82 | 0.00 |
| JPY | ITO EN LTD NPV | 300.00 | 17 208.89 | 0.00 |
| JPY | ITOCHU TECHNO-SOLU NPV | 1 900.00 | 64 194.55 | 0.00 |
| JPY | JAPAN AIRPORT TERM NPV | 1 300.00 | 57 195.90 | 0.00 |
| JPY | JAPAN EXCHANGE GP NPV | 10 300.00 | 221 516.69 | 0.01 |
| JPY | JAPAN POST INSURAN NPV | 4 600.00 | 58 409.99 | 0.00 |
| JPY | JAPAN REAL ESTATE INVESTMENT CORP | 29.00 | 158 277.26 | 0.01 |
| JPY | JGC HLDGS CORP NPV | 3 700.00 | 39 804.15 | 0.00 |
| JPY | JSR CORP NPV | 3 500.00 | 68 612.80 | 0.00 |
| JPY | JTEKT CORPORATION NPV | 4 400.00 | 35 490.79 | 0.00 |
| JPY | KAJIMA CORP NPV | 7 400.00 | 83 935.58 | 0.00 |
| JPY | KAKAKU.COM. INC NPV | 3 300.00 | 79 823.64 | 0.00 |
| JPY | KAMIGUMI CO LTD NPV | 2 800.00 | 54 708.31 | 0.00 |
| JPY | KANSAI ELEC POWER NPV | 14 100.00 | 140 496.13 | 0.01 |
| JPY | KANSAI PAINT CO NPV | 3 300.00 | 68 367.75 | 0.00 |
| JPY | KAO CORP NPV | 9 600.00 | 770 512.84 | 0.04 |
| JPY | KAWASAKI HEAVY IND NPV | 2 500.00 | 39 587.88 | 0.00 |
| JPY | KEIHAN HOLDINGS CO NPV | 1 800.00 | 85 543.23 | 0.00 |
| JPY | KEIKYU CORP | 3 800.00 | 63 524.39 | 0.00 |
| JPY | KEIO CORPORATION NPV | 1 900.00 | 112 869.54 | 0.01 |
| JPY | KEISEI ELEC RY CO NPV | 2 400.00 | 78 748.78 | 0.00 |
| JPY | KIKKOMAN CORP NPV | 2 900.00 | 145 895.02 | 0.01 |
| JPY | KINTETSU GROUP HOL NPV | 3 300.00 | 162 036.48 | 0.01 |
| JPY | KIRIN HOLDINGS CO LTD NPV | 15 800.00 | 323 743.45 | 0.02 |
| JPY | KOBAYASHI PHARMACE NPV | 1 200.00 | 106 929.04 | 0.01 |
| JPY | KOITO MFG CO LTD NPV | 1 900.00 | 80 507.73 | 0.00 |
| JPY | KOMATSU NPV | 16 400.00 | 331 851.30 | 0.02 |
| JPY | KOSE CORPORATION NPV | 700.00 | 87 650.25 | 0.01 |
| JPY | KURARAY CO NPV | 5 100.00 | 53 587.04 | 0.00 |
| JPY | KURITA WATER INDS NPV | 1 800.00 | 49 905.79 | 0.00 |
| JPY | KYUSHU ELEC POWER NPV | 7 300.00 | 60 711.93 | 0.00 |
| JPY | KYUSHU RAILWAY COR NPV | 2 500.00 | 70 891.54 | 0.00 |
| JPY | LASERTEC CORP NPV | 500.00 | 41 073.00 | 0.00 |
| JPY | LINE CORP NPV | 1 200.00 | 60 036.20 | 0.00 |
| JPY | LION CORP NPV | 4 300.00 | 98 384.93 | 0.01 |
| JPY | M3 INC NPV | 8 300.00 | 334 357.45 | 0.02 |
| JPY | MAKITA CORP NPV | 4 100.00 | 138 905.65 | 0.01 |
| JPY | MARUI GROUP NPV | 3 800.00 | 68 532.98 | 0.00 |
| JPY | MARUICHI STL TUBE NPV | 700.00 | 17 926.39 | 0.00 |
| JPY | MCDONALD'S HOLDING NPV | 1 400.00 | 74 460.48 | 0.00 |
| JPY | MEBUKIFINANCIAL G NPV | 15 100.00 | 34 198.73 | 0.00 |
| JPY | MEIJI HOLDINGS CO NPV | 2 300.00 | 173 137.79 | 0.01 |
| JPY | MINEBEA MITSUMI INC | 6 800.00 | 119 355.83 | 0.01 |
| JPY | MISUMI GROUP INC NPV | 5 000.00 | 132 825.92 | 0.01 |
| JPY | MITSUBISHI GAS CHM NPV | 3 100.00 | 46 153.99 | 0.00 |
| JPY | MITSUBISHI MOTOR C NPV | 11 500.00 | 32 449.99 | 0.00 |
| JPY | MITSUBISHI UFJ LEA NV | 5 200.00 | 25 388.22 | 0.00 |
| JPY | MITSUI CHEMICALS NPV | 2 800.00 | 58 216.92 | 0.00 |
| JPY | MITSUI FUDOSAN CO NPV | 15 400.00 | 296 393.00 | 0.02 |
| JPY | MONOTARO CO.LTD NPV | 2 700.00 | 98 115.75 | 0.01 |
| JPY | NABTESCO CORP NPV | 1 800.00 | 55 887.13 | 0.00 |
| JPY | NAGOYA RAILROAD CO NPV | 3 100.00 | 93 516.50 | 0.01 |
| JPY | NH FOODS LTD NPV | 1 500.00 | 55 413.75 | 0.00 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Annual report and audited financial statements as of 31 May 2020
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Unrealized gain | of net |
|  |  |  | (loss) on Futures/ | assets |
|  |  |  | Forward |  |
|  |  |  | Exchange Contracts/ |  |
|  |  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| JPY | NIDEC CORPORATION NPV | 8 800.00 | 540 897.58 | 0.03 |
| JPY | NIPPON BUILDING FD REIT | 29.00 | 181 965.01 | 0.01 |
| JPY | NIPPON EXPRESS CO NPV | 1 100.00 | 56 564.72 | 0.00 |
| JPY | NIPPON PAINT HLDGS NPV | 2 600.00 | 181 241.01 | 0.01 |
| JPY | NIPPON SHINYAKU CO NPV | 1 000.00 | 86 137.28 | 0.01 |
| JPY | NIPPON STEEL CORP NPV | 13 300.00 | 122 537.52 | 0.01 |
| JPY | NISSAN CHEMICAL CO NPV | 3 000.00 | 132 408.22 | 0.01 |
| JPY | NISSHIN SEIFUN GRP NPV | 3 700.00 | 57 662.78 | 0.00 |
| JPY | NISSIN FOODS HLDG NPV | 1 500.00 | 125 307.47 | 0.01 |
| JPY | NITORI HOLDINGS CO LTD | 1 300.00 | 235 721.91 | 0.01 |
| JPY | NITTO DENKO CORP NPV | 3 700.00 | 200 222.77 | 0.01 |
| JPY | NOMURA REAL ESTATE HOLDINGS INC | 2 700.00 | 49 972.62 | 0.00 |
| JPY | NSK LTD NPV | 6 000.00 | 43 885.46 | 0.00 |
| JPY | OBAYASHI CORP NPV | 11 800.00 | 109 199.43 | 0.01 |
| JPY | OBIC CO LTD NPV | 1 200.00 | 208 066.09 | 0.01 |
| JPY | ODAKYU ELEC RLWY NPV | 5 200.00 | 129 788.83 | 0.01 |
| JPY | OJI HOLDINGS CO NPV | 14 000.00 | 70 302.13 | 0.00 |
| JPY | OLYMPUS CORP NPV | 20 700.00 | 359 586.49 | 0.02 |
| JPY | ONO PHARMACEUTICAL NPV | 6 400.00 | 182 789.25 | 0.01 |
| JPY | ORACLE CORP JAPAN NPV | 800.00 | 93 414.40 | 0.01 |
| JPY | ORIENTAL LAND CO NPV | 3 800.00 | 550 768.09 | 0.03 |
| JPY | PAN PACIFIC INTERNATIONAL HOLDINGS CORP | 7 400.00 | 149 119.60 | 0.01 |
| JPY | PEPTIDREAM INC NPV | 2 000.00 | 89 757.28 | 0.01 |
| JPY | PERSOL HOLDINGS CO NPV | 3 200.00 | 42 326.08 | 0.00 |
| JPY | PIGEON CORP NPV | 2 200.00 | 85 766.00 | 0.00 |
| JPY | POLA ORBIS HOLDINGS IN NPV | 1 700.00 | 33 073.75 | 0.00 |
| JPY | RAKUTEN INC NPV | 16 600.00 | 150 383.81 | 0.01 |
| JPY | RECRUIT HLDGS CO L NPV | 25 400.00 | 874 683.26 | 0.04 |
| JPY | RINNAI CORP NPV | 700.00 | 58 931.64 | 0.00 |
| JPY | RYOHIN KEIKAKU CO NPV | 6 000.00 | 90 722.61 | 0.01 |
| JPY | SBI HOLDINGS INC NPV | 5 400.00 | 115 733.98 | 0.01 |
| JPY | SCSK CORP | 300.00 | 14 674.90 | 0.00 |
| JPY | SECOM CO NPV | 3 800.00 | 329 226.35 | 0.02 |
| JPY | SEIBU HOLDINGS INC NPV | 4 000.00 | 52 276.42 | 0.00 |
| JPY | SEKISUI HOUSE NPV | 12 400.00 | 236 237.07 | 0.01 |
| JPY | SEVEN BANK NPV | 5 900.00 | 16 812.55 | 0.00 |
| JPY | SHARP CORP NPV | 4 100.00 | 44 411.75 | 0.00 |
| JPY | SHIMANO INC NPV | 1 300.00 | 239 040.24 | 0.01 |
| JPY | SHIMIZU CORP NPV | 13 800.00 | 116 819.98 | 0.01 |
| JPY | SHIN-ETSU CHEMICAL NPV | 6 600.00 | 773 119.23 | 0.04 |
| JPY | SHINSEI BANK NPV | 4 000.00 | 51 051.19 | 0.00 |
| JPY | SHIONOGI & CO NPV | 4 600.00 | 271 597.90 | 0.01 |
| JPY | SHISEIDO CO LTD NPV | 7 600.00 | 463 470.56 | 0.02 |
| JPY | SHIZUOKA BANK NPV | 8 000.00 | 50 939.81 | 0.00 |
| JPY | SHOWA DENKO KK NPV | 2 400.00 | 57 362.97 | 0.00 |
| JPY | SMC CORP NPV | 1 100.00 | 555 130.65 | 0.03 |
| JPY | SONY FINANCIAL HOL NPV | 3 600.00 | 86 746.18 | 0.01 |
| JPY | SQUARE-ENIX HOLDIN NPV | 2 000.00 | 97 090.08 | 0.01 |
| JPY | STANLEY ELECTRIC NPV | 3 800.00 | 92 376.67 | 0.01 |
| JPY | SUMITOMO HEAVY IND NPV | 2 300.00 | 52 517.75 | 0.00 |
| JPY | SUMITOMO METAL MNG NPV | 4 100.00 | 114 207.08 | 0.01 |
| JPY | SUMITOMO RUBBER NPV | 2 300.00 | 23 398.15 | 0.00 |
| JPY | SUNDRUG CO LTD NPV | 1 400.00 | 47 171.30 | 0.00 |
| JPY | SUNTORY BEVERAGE & NPV | 3 000.00 | 122 522.86 | 0.01 |
| JPY | SUZUKEN CO LTD NPV | 1 400.00 | 50 874.83 | 0.00 |
| JPY | SUZUKI MOTOR CORP NPV | 6 000.00 | 208 623.01 | 0.01 |
| JPY | SYSMEX CORP NPV | 3 100.00 | 247 746.79 | 0.01 |
| JPY | T&D HOLDINGS INC NPV | 11 300.00 | 102 055.04 | 0.01 |
| JPY | TAIHEIYO CEMENT NPV | 2 000.00 | 47 282.68 | 0.00 |
| JPY | TAISEI CORP NPV | 4 000.00 | 138 859.24 | 0.01 |
| JPY | TAISHO PHARM H NPV | 700.00 | 44 442.38 | 0.00 |
| JPY | TAIYO NIPPON SANSO NPV | 1 900.00 | 31 956.19 | 0.00 |
| JPY | TEIJIN LTD NPV | 5 700.00 | 93 329.00 | 0.01 |
| JPY | TERUMO CORP NPV | 12 300.00 | 482 934.98 | 0.02 |
| JPY | THK CO LTD NPV | 2 000.00 | 51 979.39 | 0.00 |
| JPY | TOBU RAILWAY CO NPV | 3 700.00 | 131 192.28 | 0.01 |
| JPY | TOHO CO LTD NPV | 2 900.00 | 106 594.89 | 0.01 |
| JPY | TOHO GAS CO NPV | 1 500.00 | 73 931.41 | 0.00 |
| JPY | TOHOKU ELEC POWER NPV | 7 300.00 | 75 618.88 | 0.00 |
| JPY | TOKYO CENTURY CORP NPV | 700.00 | 30 440.43 | 0.00 |
| JPY | TOKYO GAS CO NPV | 6 500.00 | 155 086.56 | 0.01 |
| JPY | TOKYU CORP NPV | 8 600.00 | 136 341.95 | 0.01 |
| JPY | TORAY INDS INC NPV | 22 400.00 | 108 928.02 | 0.01 |
| JPY | TOSOH CORP NPV | 4 600.00 | 63 960.64 | 0.00 |
| JPY | TOTO LTD NPV | 2 500.00 | 99 085.72 | 0.01 |
| JPY | TOYO SUISAN KAISHA NPV | 1 700.00 | 88 838.35 | 0.01 |
| JPY | TOYODA GOSEI NPV | 1 900.00 | 40 615.40 | 0.00 |
| JPY | TOYOTA INDUSTRIES NPV | 2 700.00 | 138 088.83 | 0.01 |
| JPY | TOYOTA TSUSHO CORP NPV | 3 800.00 | 96 291.83 | 0.01 |
| JPY | TSURUHA HOLDINGS I NPV | 700.00 | 103 438.99 | 0.01 |
| JPY | USS CO LTD NPV | 3 600.00 | 62 753.98 | 0.00 |
| JPY | WELCIA HOLDINGS CO NPV | 1 000.00 | 84 002.41 | 0.00 |
| JPY | YAKULT HONSHA CO NPV | 2 000.00 | 122 522.86 | 0.01 |
| JPY | YAMAHA CORP NPV | 2 500.00 | 121 594.65 | 0.01 |
| JPY | YAMATO HOLDINGS CO NPV | 7 300.00 | 161 537.11 | 0.01 |
| JPY | ZOZO INC NPV | 2 720.00 | 50 090.31 | 0.00 |
| Total Japan | 26 133 872.55 | 1.30 |
| Jersey |  |  |  |  |
| GBP | GLENCORE XSTRATA ORD USD0.01 | 231 148.00 | 428 138.02 | 0.02 |
| Total Jersey | 428 138.02 | 0.02 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Annual report and audited financial statements as of 31 May 2020
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Luxembourg |  |  |  |
| EUR	AROUNDTOWN SA EUR0.01 | 45 996.00 | 252 850.76 | 0.01 |
| EUR	EUROFINS SCIENTIFI EUR0.10 | 456.00 | 308 295.37 | 0.02 |
| Total Luxembourg |  | 561 146.13 | 0.03 |
| The Netherlands |  |  |  |
| USD	AERCAP HOLDINGS EUR0.01 | 4 368.00 | 140 824.32 | 0.01 |
| EUR	AKZO NOBEL NV EUR0.50(POST REV SPLIT) | 7 795.00 | 638 168.54 | 0.03 |
| EUR	ALTICE EUROPE N.V. EUR0.01 (COMMON SHARES A) | 21 989.00 | 88 054.07 | 0.00 |
| EUR	EXOR NV EUR0.01 | 4 136.00 | 222 948.93 | 0.01 |
| EUR	HEINEKEN HOLDING EUR1.6 | 3 985.00 | 328 464.16 | 0.02 |
| EUR	HEINEKEN NV EUR1.60 | 9 769.00 | 896 272.81 | 0.05 |
| EUR	ING GROEP N.V. EUR0.01 | 138 454.00 | 894 178.03 | 0.04 |
| EUR	JUST EAT TAKEAWAY EUR0.04 | 4 292.00 | 465 771.56 | 0.02 |
| EUR	KON KPN NV EUR0.04 | 136 304.00 | 334 165.54 | 0.02 |
| EUR	KONINKLIJKE AHOLD EUR0.01 | 41 894.00 | 1 062 964.04 | 0.05 |
| EUR	KONINKLIJKE PHILIPS NV EUR0.20 | 33 574.00 | 1 523 344.93 | 0.08 |
| USD	NXP SEMICONDUCTORS EUR0.20 | 10 640.00 | 1 022 504.00 | 0.05 |
| EUR	QIAGEN NV EUR0.01 | 8 507.00 | 371 981.15 | 0.02 |
| EUR	RANDSTAD N.V. EUR0.10 | 4 166.00 | 174 842.71 | 0.01 |
| GBP	ROYAL DUTCH SHELL 'B'SHS EUR0.07 (UK LIST) | 81 067.00 | 1 228 735.60 | 0.06 |
| EUR	STMICROELECTRONICS EUR1.04 | 26 061.00 | 640 365.98 | 0.03 |
| EUR	VOPAK(KON) EUR0.50 | 2 993.00 | 164 165.99 | 0.01 |
| EUR	WOLTERS KLUWER EUR0.12 | 10 606.00 | 845 650.83 | 0.04 |
| Total The Netherlands |  | 11 043 403.19 | 0.55 |
| Spain |  |  |  |
| EUR	ACS ACTIVIDADES CO EUR0.5 | 9 741.00 | 248 672.46 | 0.01 |
| EUR	AENA SME S.A. EUR10 | 2 448.00 | 349 092.80 | 0.02 |
| EUR	AMADEUS IT GROUP EUR0.01 | 16 238.00 | 847 846.21 | 0.04 |
| EUR	CAIXABANK SA EUR1 | 129 434.00 | 241 807.54 | 0.01 |
| EUR	CELLNEX TELECOM SA EUR0.25 | 9 377.00 | 531 121.36 | 0.03 |
| EUR	ENAGAS SA EUR1.50 | 9 890.00 | 222 333.07 | 0.01 |
| EUR	ENDESA SA EUR1.2 | 11 703.00 | 277 930.71 | 0.01 |
| EUR	FERROVIAL SA EUR0.2 | 18 554.00 | 503 993.19 | 0.03 |
| EUR	GRIFOLS SA EUR0.25 (CLASS A) POST SUBD | 11 258.00 | 352 142.16 | 0.02 |
| EUR	IBERDROLA SA EUR0.75 (POST SUBDIVISION) | 219 297.00 | 2 363 242.46 | 0.12 |
| EUR	INDITEX EUR0.03 (POST SUBD) | 39 627.00 | 1 104 181.29 | 0.06 |
| EUR	NATURGY ENERGY GRO EUR1 | 11 335.00 | 210 498.70 | 0.01 |
| EUR	RED ELECTRICA CORP EUR0.5 | 16 239.00 | 286 125.07 | 0.01 |
| EUR	REPSOL SA EUR1 | 53 316.00 | 496 391.66 | 0.02 |
| EUR	SIEMENS GAMESA REN EUR0.17 | 8 273.00 | 139 279.41 | 0.01 |
| EUR	TELEFONICA SA EUR1 | 167 803.00 | 791 606.68 | 0.04 |
| Total Spain |  | 8 966 264.77 | 0.45 |
| Switzerland |  |  |  |
| CHF	PARGESA HLDGS SA CHF20(BR) | 2 197.00 | 165 798.38 | 0.01 |
| CHF	SWATCH GROUP CHF2.25(BR) | 1 313.00 | 262 271.99 | 0.01 |
| CHF	SWISS RE AG CHF0.10 | 13 182.00 | 893 527.47 | 0.04 |
| CHF	VIFOR PHARMA AG CHF0.01 | 2 133.00 | 324 379.41 | 0.02 |
| Total Switzerland |  | 1 645 977.25 | 0.08 |
| United Kingdom |  |  |  |
| GBP	3I GROUP ORD GBP0.738636 | 23 524.00 | 239 932.45 | 0.01 |
| GBP	ASTRAZENECA ORD USD0.25 | 29 621.00 | 3 142 033.95 | 0.16 |
| GBP	AVEVA GROUP ORD GBP0.03556 | 1 983.00 | 100 220.71 | 0.00 |
| GBP	AVIVA ORD GBP0.25 | 81 732.00 | 250 289.13 | 0.01 |
| GBP	BAE SYSTEMS ORD GBP0.025 | 69 310.00 | 425 183.62 | 0.02 |
| GBP	BARRATT DEVEL ORD GBP0.10 | 24 089.00 | 148 012.72 | 0.01 |
| GBP	BRIT AMER TOBACCO ORD GBP0.25 | 51 100.00 | 2 014 964.39 | 0.10 |
| GBP	BRITISH LAND CO PLC REIT | 18 455.00 | 92 929.23 | 0.00 |
| GBP	BT GROUP ORD GBP0.05 | 188 452.00 | 270 842.98 | 0.01 |
| GBP	BUNZL ORD GBP0.32142857 | 6 628.00 | 154 583.52 | 0.01 |
| USD	COCA-COLA EUROPEAN ORD EUR0.01 | 8 791.00 | 331 420.70 | 0.02 |
| GBP	EVRAZ PLC ORD USD1 | 14 587.00 | 50 927.76 | 0.00 |
| GBP	HALMA ORD GBP0.10 | 9 008.00 | 259 482.56 | 0.01 |
| GBP	HIKMA PHARMACEUTIC ORD GBP0.10 | 3 319.00 | 105 495.32 | 0.00 |
| GBP	INFORMA PLC (GB) ORD GBP0.001 | 32 204.00 | 180 913.94 | 0.01 |
| GBP	ITV ORD GBP0.10 | 76 632.00 | 76 057.39 | 0.00 |
| GBP	JD SPORTS FASHION ORD GBP0.0025 | 14 613.00 | 118 946.88 | 0.01 |
| GBP	JOHNSON MATTHEY ORD GBP1.109245 | 5 277.00 | 137 851.17 | 0.01 |
| GBP	KINGFISHER ORD GBP0.157142857 | 40 906.00 | 98 210.99 | 0.00 |
| GBP	LAND SECURITIES GP ORD GBP0.106666666 | 14 519.00 | 108 740.13 | 0.00 |
| GBP	LLOYDS BANKING GP ORD GBP0.1 | 1 589 381.00 | 586 931.08 | 0.03 |
| GBP	MELROSE INDUST PLC ORD GBP0.0685714 | 101 670.00 | 144 737.36 | 0.01 |
| GBP	NATIONAL GRID ORD GBP0.12431289 | 78 134.00 | 894 488.81 | 0.04 |
| GBP	OCADO GROUP PLC ORD GBP0.02 | 10 868.00 | 294 385.14 | 0.01 |
| GBP	RECKITT BENCK GRP ORD GBP0.10 | 15 727.00 | 1 404 583.28 | 0.07 |
| GBP	RELX PLC GBP0.1444 | 41 288.00 | 956 315.98 | 0.05 |
| EUR	RELX PLC GBP0.1444 | 538.00 | 12 441.66 | 0.00 |
| GBP	RENTOKIL INITIAL ORD GBP0.01 | 42 563.00 | 261 419.32 | 0.01 |
| GBP	ROLLS-ROYCE HLDGS ORD GBP0.20 | 42 714.00 | 143 424.67 | 0.01 |
| GBP	SAGE GROUP GBP0.01051948 | 26 179.00 | 223 642.83 | 0.01 |
| GBP	SEVERN TRENT ORD GBP0.9789 | 6 121.00 | 184 720.05 | 0.01 |
| GBP	SMITHS GROUP ORD GBP0.375 | 7 932.00 | 128 119.72 | 0.01 |
| GBP	SPIRAX-SARCO ENG ORD GBP0.269230769 | 1 490.00 | 181 813.99 | 0.01 |
| GBP	SSE PLC ORD GBP0.50 | 22 934.00 | 352 006.27 | 0.02 |
| GBP	ST JAMES'S PLACE ORD GBP0.15 | 10 768.00 | 122 315.05 | 0.01 |
| EUR	UNILEVER EUR0.16 | 53 081.00 | 2 744 985.79 | 0.14 |
| GBP	UNITED UTILITIES G ORD GBP0.05 | 13 243.00 | 150 232.42 | 0.01 |
| GBP	WHITBREAD ORD GBP0.76797385 | 3 449.00 | 107 793.89 | 0.01 |
| GBP	WPP PLC ORD GBP0.10 | 25 977.00 | 196 417.57 | 0.01 |
| Total United Kingdom |  | 17 397 814.42 | 0.86 |
| Total Bearer shares |  | 140 379 139.50 | 6.98 |
| UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Annual report and audited financial statements as of 31 May 2020 |  |  |  |

| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Participation certificates |  |  |  |
| Switzerland |  |  |  |
| CHF	LINDT & SPRUENGLI PTG CERT CHF10 | 55.00 | 458 571.87 | 0.03 |
| CHF	SCHINDLER-HLDG AG PTG CERT CHF0.10(POST-SUBD) | 1 919.00 | 445 642.66 | 0.02 |
| Total Switzerland |  | 904 214.53 | 0.05 |
| Total Participation certificates |  | 904 214.53 | 0.05 |
| Other shares |  |  |  |
| Switzerland |  |  |  |
| CHF	ROCHE HLDGS AG GENUSSCHEINE NPV | 33 391.00 | 11 563 636.62 | 0.57 |
| Total Switzerland |  | 11 563 636.62 | 0.57 |
| Total Other shares |  | 11 563 636.62 | 0.57 |
| Preference shares |  |  |  |
| Germany |  |  |  |
| EUR	BAYERISCHE MOTORENWERKE AG EUR1 | 1 622.00 | 74 659.11 | 0.00 |
| EUR	FUCHS PETROLUB SE NON-VTG PRF NPV | 2 221.00 | 88 494.36 | 0.00 |
| EUR	HENKEL AG&CO. KGAA NON-VTG PRF NPV | 6 749.00 | 602 682.04 | 0.03 |
| EUR	PORSCHE AUTO HL SE NON VTG PRF NPV | 5 447.00 | 296 344.24 | 0.02 |
| EUR	SARTORIUS AG NON VTG PRF NPV | 1 331.00 | 493 611.32 | 0.03 |
| EUR	VOLKSWAGEN AG NON VTG PRF NPV | 6 691.00 | 986 162.24 | 0.05 |
| Total Germany |  | 2 541 953.31 | 0.13 |
| Total Preference shares |  | 2 541 953.31 | 0.13 |
| Registered shares |  |  |  |
| Australia |  |  |  |
| GBP	BHP GROUP PLC ORD USD0.50	45 977.00 | 898 775.66 | 0.04 |
| Total Australia | 898 775.66 | 0.04 |
| Belgium |  |  |  |  |
| EUR | AGEAS NPV | 6 545.00 | 223 287.74 | 0.01 |
| EUR | KBC GROUP NV NPV | 9 503.00 | 497 561.06 | 0.03 |
| EUR | TELENET GRP HLDG NPV | 1 723.00 | 70 645.10 | 0.00 |
| EUR | UCB NPV | 4 586.00 | 459 111.34 | 0.02 |
| Total Belgium	1 250 605.24	0.06 |
| Canada |  |  |  |  |
| CAD | 1ST QUANTUM MINLS COM NPV | 33 949.00 | 198 211.86 | 0.01 |
| CAD | AGNICO EAGLE MINES LTD COM | 12 638.00 | 805 441.63 | 0.04 |
| CAD | ALIMENTATION COUCHE TARD INC SUB VTG SH | 42 015.00 | 1 310 119.01 | 0.07 |
| CAD | AURORA CANNABIS IN COM NPV(POST REV SPLIT) | 2 008.00 | 27 994.62 | 0.00 |
| CAD | BANK NOVA SCOTIA HALIFAX COM | 58 663.00 | 2 341 511.87 | 0.12 |
| CAD | BANK OF MONTREAL COM NPV | 30 786.00 | 1 512 794.91 | 0.08 |
| CAD | BARRICK GOLD CORP COM NPV | 85 887.00 | 2 057 385.74 | 0.10 |
| CAD | BCE INC COM NEW | 7 783.00 | 322 255.16 | 0.02 |
| CAD | BLACKBERRY LTD NPV | 25 221.00 | 116 780.78 | 0.01 |
| CAD | BROOKFIELD ASSET M LTD VTG SHS NPV CL'A' | 65 283.00 | 2 041 805.88 | 0.10 |
| CAD | CAN PACIFIC RYS COM NPV | 6 640.00 | 1 657 838.23 | 0.08 |
| CAD | CANADIAN NAT RES LTD COM | 56 644.00 | 1 030 673.27 | 0.05 |
| CAD | CANADIAN NATL RY CO COM | 34 603.00 | 2 969 118.65 | 0.15 |
| CAD | CANADIAN TIRE LTD CL A | 2 829.00 | 240 737.22 | 0.01 |
| CAD | CCL INDUSTRIES INC 'B'NON-VTG COM NPV | 7 308.00 | 245 274.29 | 0.01 |
| CAD | CDN IMPERIAL BK OF COMMERCE COM | 21 434.00 | 1 369 127.38 | 0.07 |
| CAD | CENOVUS ENERGY INC COM NPV | 51 198.00 | 222 245.70 | 0.01 |
| CAD | CGI INC COM NPV SUB VOTING SHARES C | 12 318.00 | 784 067.17 | 0.04 |
| CAD | CONSTELLATION SOFT COM STK NPV | 1 036.00 | 1 173 111.47 | 0.06 |
| CAD | CRONOS GROUP INC COM NPV | 5 200.00 | 33 971.93 | 0.00 |
| CAD | DOLLARAMA INC COM NPV | 15 969.00 | 539 309.01 | 0.03 |
| CAD | ENBRIDGE INC COM NPV | 97 540.00 | 3 160 064.53 | 0.16 |
| CAD | FAIRFAX FINL HLDGS SUB-VTG COM NPV | 1 329.00 | 367 748.97 | 0.02 |
| CAD | FIRST CAP REAL EST UNIT | 5 200.00 | 49 246.13 | 0.00 |
| CAD | FORTIS INC COM NPV | 21 395.00 | 820 538.96 | 0.04 |
| CAD | FRANCO NEVADA CORP COM NPV | 9 148.00 | 1 279 078.63 | 0.06 |
| CAD | GILDAN ACTIVEWEAR INC COM | 9 810.00 | 135 559.97 | 0.01 |
| CAD | GREAT WEST LIFECO INC COM | 13 092.00 | 212 359.02 | 0.01 |
| CAD | IA FINANCIAL CORP COM NPV | 5 144.00 | 163 638.89 | 0.01 |
| CAD | IMPERIAL OIL LTD COM NEW | 16 144.00 | 251 235.31 | 0.01 |
| CAD | INTACT FINL CORP COM NPV | 7 234.00 | 687 915.61 | 0.03 |
| CAD | INTER PIPELINE LTD COM NPV | 20 552.00 | 187 498.71 | 0.01 |
| CAD | LOBLAW COS LTD COM | 9 583.00 | 472 563.51 | 0.02 |
| CAD | MAGNA INTL INC COM NPV | 15 716.00 | 660 158.41 | 0.03 |
| CAD | MANULIFE FINL CORP COM | 94 378.00 | 1 167 605.12 | 0.06 |
| CAD | METRO INC CL A SUB | 13 769.00 | 571 998.25 | 0.03 |
| CAD | NATL BK OF CANADA COM NPV | 17 523.00 | 760 149.82 | 0.04 |
| CAD | NUTRIEN LTD NPV | 27 694.00 | 941 700.19 | 0.05 |
| CAD | OPEN TEXT CO COM NPV | 14 786.00 | 611 893.50 | 0.03 |
| CAD | PARKLAND CORP. COM NPV | 7 100.00 | 198 894.52 | 0.01 |
| CAD | PEMBINA PIPELINE C COM NPV | 27 599.00 | 686 880.05 | 0.03 |
| CAD | POWER CORP CDA COM | 30 666.00 | 497 196.54 | 0.02 |
| CAD | RESTAURANT BRANDS COM NPV | 14 695.00 | 799 709.09 | 0.04 |
| CAD | ROGERS COMMS INC CLASS'B'COM CAD1.62478 | 19 180.00 | 800 669.94 | 0.04 |
| CAD | ROYAL BK OF CANADA COM NPV | 68 907.00 | 4 453 380.34 | 0.22 |
| CAD | SAPUTO INC COM | 13 100.00 | 320 628.71 | 0.02 |
| CAD | SHAW COMMUNICATIONS INC CL B CONV | 25 678.00 | 431 558.34 | 0.02 |
| CAD | SHOPIFY INC COM NPV CL A | 5 003.00 | 3 782 365.00 | 0.19 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Annual report and audited financial statements as of 31 May 2020
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Unrealized gain | of net |
|  |  |  | (loss) on Futures/ | assets |
|  |  |  | Forward |  |
|  |  |  | Exchange Contracts/ |  |
|  |  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| CAD | SUN LIFE FINL INC COM | 30 513.00 | 1 042 634.20 | 0.05 |
| CAD | SUNCOR ENERGY INC COM NPV 'NEW' | 73 738.00 | 1 262 753.91 | 0.06 |
| CAD | TC ENERGY CORPORAT COM NPV | 45 115.00 | 2 025 311.64 | 0.10 |
| CAD | TECK RESOURCES LTD CLASS'B'SUB-VTG COM NPV | 24 815.00 | 234 828.68 | 0.01 |
| CAD | THOMSON-REUTERS CP COM NPV(POST REV SPLIT) | 10 228.00 | 682 409.32 | 0.03 |
| CAD | TORONTO-DOMINION COM NPV | 87 433.00 | 3 730 862.63 | 0.19 |
| CAD | WESTON GEORGE LTD COM | 3 700.00 | 266 243.67 | 0.01 |
| CAD | WHEATON PRECIOUS M COM NPV | 23 069.00 | 990 054.32 | 0.05 |
| Total Canada | 55 707 110.21 | 2.77 |
| Finland |  |  |  |  |
| EUR | ELISA OYJ NPV | 5 716.00 | 358 474.90 | 0.02 |
| EUR | FORTUM OYJ EUR3.40 | 16 267.00 | 311 588.97 | 0.02 |
| EUR | NESTE OIL OYJ NPV | 16 308.00 | 658 852.20 | 0.03 |
| EUR | NOKIA OYJ NPV | 207 167.00 | 821 641.71 | 0.04 |
| EUR | ORION CORP SER'B'NPV | 4 317.00 | 230 976.92 | 0.01 |
| EUR | SAMPO PLC SER'A'NPV | 17 228.00 | 615 533.73 | 0.03 |
| EUR | STORA ENSO OYJ NPV SER'R' | 24 720.00 | 303 157.64 | 0.01 |
| EUR | UPM-KYMMENE CORP NPV | 20 218.00 | 584 052.12 | 0.03 |
| Total Finland	3 884 278.19	0.19 |
| France |  |  |  |  |
| EUR | BOLLORE EUR0.16 (RFD 01/01/2020) | 195.00 | 559.62 | 0.00 |
| EUR | GECINA EUR7.50 | 1 420.00 | 182 752.43 | 0.01 |
| EUR | MICHELIN (CGDE) EUR2 | 6 457.00 | 652 596.86 | 0.03 |
| Total France | 835 908.91 | 0.04 |
| Germany |  |  |  |  |
| EUR | ADIDAS AG NPV (REGD) | 6 763.00 | 1 784 413.63 | 0.09 |
| EUR | ALLIANZ SE NPV(REGD)(VINKULIERT) | 15 324.00 | 2 775 372.96 | 0.14 |
| EUR | BASF SE NPV | 33 253.00 | 1 799 328.67 | 0.09 |
| EUR | BAYER AG NPV (REGD) | 36 081.00 | 2 436 979.01 | 0.12 |
| EUR | BRENNTAG AG | 5 798.00 | 305 766.31 | 0.02 |
| EUR | DAIMLER AG ORD NPV(REGD) | 32 109.00 | 1 192 214.97 | 0.06 |
| EUR | DELIVERY HERO SE NPV | 4 611.00 | 442 021.17 | 0.02 |
| EUR | DEUTSCHE BANK AG NPV(REGD) | 74 699.00 | 625 761.58 | 0.03 |
| EUR | DEUTSCHE BOERSE AG NPV(REGD) | 7 130.00 | 1 173 003.11 | 0.06 |
| EUR | DEUTSCHE LUFTHANSA ORD NPV (REGD)(VINK) | 11 519.00 | 117 137.91 | 0.01 |
| EUR | DEUTSCHE POST AG NPV(REGD) | 37 579.00 | 1 169 592.00 | 0.06 |
| EUR | DEUTSCHE TELEKOM NPV(REGD) | 123 981.00 | 1 954 878.02 | 0.10 |
| EUR | E.ON SE NPV | 84 374.00 | 892 170.60 | 0.04 |
| EUR | EVONIK INDUSTRIES NPV | 8 766.00 | 215 981.55 | 0.01 |
| EUR | HANNOVER RUECKVERS ORD NPV(REGD) | 2 170.00 | 349 035.41 | 0.02 |
| EUR | INFINEON TECHNOLOG AG NPV (REGD) | 47 758.00 | 1 001 698.82 | 0.05 |
| EUR | LEG IMMOBILIEN AG NPV | 1 902.00 | 237 126.50 | 0.01 |
| EUR | MTU AERO ENGINES H NPV (REGD) | 2 059.00 | 331 868.62 | 0.02 |
| EUR | MUENCHENER RUECKVE NPV(REGD) | 5 403.00 | 1 229 651.53 | 0.06 |
| EUR | SCOUT24 AG NPV | 2 924.00 | 223 610.16 | 0.01 |
| EUR | SIEMENS AG NPV(REGD) | 28 373.00 | 3 109 676.42 | 0.15 |
| EUR | SIEMENS HEALTHINEE NPV | 5 854.00 | 302 566.00 | 0.01 |
| EUR | TELEFONICA DEUTSCH NPV | 30 268.00 | 93 127.38 | 0.00 |
| EUR | UNIPER SE NPV | 7 833.00 | 244 836.36 | 0.01 |
| EUR | UNITED INTERNET AG NPV(REGD) | 4 232.00 | 173 611.32 | 0.01 |
| EUR | VONOVIA SE NPV | 19 508.00 | 1 123 611.70 | 0.06 |
| Total Germany	25 305 041.71	1.26 |
| Ireland |  |  |  |  |
| EUR | CRH ORD EUR0.32 | 27 805.00 | 906 216.53 | 0.04 |
| GBP | EXPERIAN ORD USD0.10 | 20 703.00 | 719 990.69 | 0.04 |
| EUR | KINGSPAN GROUP ORD EUR0.13(DUBLIN LISTING) | 5 303.00 | 327 677.90 | 0.02 |
| EUR | SMURFIT KAPPA GRP ORD EUR0.001 | 7 220.00 | 234 991.95 | 0.01 |
| Total Ireland |  | 2 188 877.07 | 0.11 |
| Isle of Man |  |  |  |
| GBP	GVC HLDGS PLC ORD EUR0.01 | 15 799.00 | 154 852.10 | 0.01 |
| Total Isle of Man |  | 154 852.10 | 0.01 |
| Italy |  |  |  |
| EUR	ATLANTIA SPA EUR1 | 19 644.00 | 318 915.39 | 0.01 |
| EUR	DAVIDE DE CAMPARI EUR0.05 (POST SUBD) | 20 892.00 | 169 646.28 | 0.01 |
| EUR	ENEL EUR1 | 302 968.00 | 2 325 681.55 | 0.11 |
| EUR	ENI SPA EUR1 | 95 216.00 | 860 335.51 | 0.04 |
| EUR	FERRARI NV EUR0.01(NEW) | 4 538.00 | 766 767.55 | 0.04 |
| EUR	INTESA SANPAOLO NPV | 545 890.00 | 942 649.48 | 0.05 |
| EUR	MEDIOBANCA SPA EUR0.5 | 21 106.00 | 137 013.29 | 0.01 |
| EUR	MONCLER SPA NPV | 6 896.00 | 256 587.11 | 0.01 |
| EUR	NEXI SPA NPV | 9 033.00 | 148 406.86 | 0.01 |
| EUR	PIRELLI & C SPA NPV | 20 679.00 | 92 699.21 | 0.00 |
| EUR	PRYSMIAN SPA EUR0.10 | 9 482.00 | 201 928.11 | 0.01 |
| EUR	RECORDATI EUR0.125 | 3 698.00 | 168 323.20 | 0.01 |
| EUR	SNAM EUR1 | 72 821.00 | 338 914.20 | 0.02 |
| EUR	TERNA SPA ORD EUR0.22 | 51 514.00 | 347 820.70 | 0.02 |
| EUR	UNICREDIT SPA NPV (POST REV SPLIT) | 77 173.00 | 658 075.40 | 0.03 |
| Total Italy |  | 7 733 763.84 | 0.38 |
| Japan |  |  |  |
| JPY	ABC-MART INC NPV | 400.00 | 24 318.93 | 0.00 |
| JPY	AEON CO LTD NPV | 12 800.00 | 283 183.74 | 0.01 |
| JPY	AEON MALL CO LTD NPV | 2 800.00 | 39 374.39 | 0.00 |
| JPY	AGC INC NPV | 3 700.00 | 104 747.76 | 0.01 |
| JPY	AJINOMOTO CO INC NPV | 7 600.00 | 129 588.34 | 0.01 |
| JPY	ALFRESA HOLDINGS NPV | 3 200.00 | 64 543.56 | 0.00 |
| JPY	ANA HOLDINGS INC NPV | 1 000.00 | 24 124.01 | 0.00 |
| JPY	ASAHI GROUP HLDGS NPV | 6 400.00 | 241 065.58 | 0.01 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Annual report and audited financial statements as of 31 May 2020
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Unrealized gain | of net |
|  |  |  | (loss) on Futures/ | assets |
|  |  |  | Forward |  |
|  |  |  | Exchange Contracts/ |  |
|  |  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| JPY | ASAHI KASEI CORP NPV | 24 300.00 | 191 720.43 | 0.01 |
| JPY | ASTELLAS PHARMA NPV | 35 600.00 | 632 628.21 | 0.03 |
| JPY | BRIDGESTONE CORP NPV | 10 100.00 | 335 338.57 | 0.02 |
| JPY | BROTHER INDUSTRIES NPV | 3 600.00 | 67 799.69 | 0.00 |
| JPY | CANON INC NPV | 17 700.00 | 364 563.98 | 0.02 |
| JPY | CASIO COMPUTER CO NPV | 4 300.00 | 75 714.49 | 0.00 |
| JPY | CHUBU ELEC POWER NPV | 11 400.00 | 153 537.85 | 0.01 |
| JPY | CHUGOKU ELEC POWER NPV | 5 700.00 | 78 303.24 | 0.00 |
| JPY | DAI NIPPON PRINTNG NPV | 5 200.00 | 118 204.86 | 0.01 |
| JPY | DAIWA SECS GROUP NPV | 28 500.00 | 118 169.12 | 0.01 |
| JPY | DENSO CORP NPV | 7 600.00 | 291 415.05 | 0.01 |
| JPY | DENTSU GROUP INC NPV | 3 700.00 | 99 081.08 | 0.01 |
| JPY | EAST JAPAN RAILWAY NPV | 5 800.00 | 454 912.52 | 0.02 |
| JPY | ELEC POWER DEV NPV | 2 600.00 | 49 062.98 | 0.00 |
| JPY | FAMILYMART CO LTD NPV | 4 300.00 | 80 583.84 | 0.00 |
| JPY | FUJI FILM HLD CORP NPV | 7 100.00 | 328 260.09 | 0.02 |
| JPY | FUJITSU NPV | 3 700.00 | 381 213.17 | 0.02 |
| JPY | HAKUHODO DY HLDGS NPV | 4 100.00 | 50 957.44 | 0.00 |
| JPY | HAMAMATSU PHOTONIC NPV | 2 300.00 | 104 181.56 | 0.01 |
| JPY | HINO MOTORS NPV | 4 800.00 | 32 479.70 | 0.00 |
| JPY | HITACHI CONST MACH NPV | 1 700.00 | 44 655.87 | 0.00 |
| JPY | HITACHI METALS NPV | 2 000.00 | 23 056.57 | 0.00 |
| JPY | HITACHI NPV | 18 800.00 | 602 905.28 | 0.03 |
| JPY | HONDA MOTOR CO NPV | 30 900.00 | 798 492.60 | 0.04 |
| JPY | HOYA CORP NPV | 7 200.00 | 675 657.87 | 0.03 |
| JPY | IIDA GROUP HOLDING NPV | 3 300.00 | 49 009.14 | 0.00 |
| JPY | INPEX CORPORATION NPV | 21 600.00 | 150 549.40 | 0.01 |
| JPY | ITOCHU CORP NPV | 25 200.00 | 540 325.80 | 0.03 |
| JPY | JAPAN AIRLINES CO NPV | 2 100.00 | 41 265.14 | 0.00 |
| JPY | JAPAN POST BANK CO NPV | 7 100.00 | 58 653.18 | 0.00 |
| JPY | JAPAN POST HOLD CO NPV | 28 600.00 | 208 152.04 | 0.01 |
| JPY | JAPAN PRIME REALTY INVESTMENT CORP | 15.00 | 45 806.84 | 0.00 |
| JPY | JAPAN RETAIL FUND INVESTMENT CORP | 46.00 | 60 715.65 | 0.00 |
| JPY | JAPAN TOBACCO INC NPV | 22 600.00 | 448 391.89 | 0.02 |
| JPY | JFE HOLDINGS INC NPV | 10 500.00 | 77 189.40 | 0.00 |
| JPY | JXTG HOLDINGS INC NPV | 58 900.00 | 226 502.72 | 0.01 |
| JPY | KDDI CORP NPV | 31 500.00 | 916 916.52 | 0.05 |
| JPY | KEYENCE CORP NPV | 3 400.00 | 1 399 638.01 | 0.07 |
| JPY | KONAMI HOLDINGS CORP NPV | 1 500.00 | 52 698.75 | 0.00 |
| JPY | KUBOTA CORP NPV | 20 700.00 | 278 504.20 | 0.01 |
| JPY | KYOCERA CORP NPV | 5 900.00 | 319 328.91 | 0.02 |
| JPY | KYOWA KIRIN CO LTD NPV | 4 500.00 | 122 049.47 | 0.01 |
| JPY | LAWSON INC NPV | 500.00 | 27 660.46 | 0.00 |
| JPY | LIXIL GROUP CORP COM NPV | 5 600.00 | 78 177.01 | 0.00 |
| JPY | MARUBENI CORP NPV | 30 100.00 | 146 204.39 | 0.01 |
| JPY | MAZDA MOTOR CORP NPV | 8 800.00 | 56 278.83 | 0.00 |
| JPY | MEDIPAL HOLDINGS CORP NPV | 3 400.00 | 67 441.41 | 0.00 |
| JPY | MERCARI INC NPV | 1 600.00 | 47 672.53 | 0.00 |
| JPY | MITSUBISHI CHEM HL NPV | 27 200.00 | 160 142.57 | 0.01 |
| JPY | MITSUBISHI CORP NPV | 25 500.00 | 595 280.09 | 0.03 |
| JPY | MITSUBISHI ELEC CP NPV | 34 900.00 | 459 513.16 | 0.02 |
| JPY | MITSUBISHI ESTATE NPV | 20 800.00 | 330 722.61 | 0.02 |
| JPY | MITSUBISHI HVY IND NPV | 6 700.00 | 173 353.60 | 0.01 |
| JPY | MITSUBISHI MATERLS NPV | 2 000.00 | 45 537.66 | 0.00 |
| JPY | MITSUBISHI UFJ FIN NPV | 229 200.00 | 945 009.89 | 0.05 |
| JPY | MITSUI & CO NPV | 31 300.00 | 475 158.03 | 0.02 |
| JPY | MIZUHO FINL GP NPV | 434 700.00 | 542 694.12 | 0.03 |
| JPY | MS&AD INSURANCE GROUP HOLDINGS INC NPV | 9 500.00 | 279 087.58 | 0.01 |
| JPY | MURATA MFG CO NPV | 10 900.00 | 608 562.68 | 0.03 |
| JPY | NEC CORP NPV | 5 200.00 | 233 368.92 | 0.01 |
| JPY | NEXON CO LTD NPV | 8 800.00 | 183 457.56 | 0.01 |
| JPY | NGK INSULATORS NPV | 4 200.00 | 61 556.60 | 0.00 |
| JPY | NGK SPARK PLUG CO NPV | 2 800.00 | 45 144.10 | 0.00 |
| JPY | NIKON CORP NPV | 5 500.00 | 50 540.68 | 0.00 |
| JPY | NINTENDO CO LTD NPV | 2 200.00 | 889 107.54 | 0.04 |
| JPY | NIPPON PROLOGIS RE REIT | 33.00 | 93 117.37 | 0.01 |
| JPY | NIPPON TEL&TEL CP NPV | 24 000.00 | 544 447.03 | 0.03 |
| JPY | NIPPON YUSEN KK NPV | 4 200.00 | 60 543.00 | 0.00 |
| JPY | NISSAN MOTOR CO NPV | 39 900.00 | 148 474.59 | 0.01 |
| JPY | NOMURA HOLDINGS NPV | 58 400.00 | 250 924.59 | 0.01 |
| JPY | NOMURA REAL EST MA REIT | 90.00 | 110 688.26 | 0.01 |
| JPY | NOMURA RESEARCH IN NPV | 6 000.00 | 158 611.41 | 0.01 |
| JPY | NTT DATA CORP NPV | 13 600.00 | 157 163.41 | 0.01 |
| JPY | NTT DOCOMO NPV | 23 300.00 | 638 325.06 | 0.03 |
| JPY | OMRON CORP NPV | 3 300.00 | 218 703.30 | 0.01 |
| JPY | ORIX CORP NPV | 22 800.00 | 302 419.83 | 0.02 |
| JPY | ORIX JREIT INC REIT | 54.00 | 78 091.61 | 0.00 |
| JPY | OSAKA GAS CO NPV | 7 100.00 | 141 887.97 | 0.01 |
| JPY | OTSUKA CORP NPV | 2 800.00 | 135 146.43 | 0.01 |
| JPY | OTSUKA HLDGS CO NPV | 7 700.00 | 347 638.19 | 0.02 |
| JPY | PANASONIC CORP NPV | 43 200.00 | 386 147.49 | 0.02 |
| JPY | PARK 24 CO LTD NPV | 1 700.00 | 32 994.85 | 0.00 |
| JPY | RENESAS ELECTRONIC NPV | 13 700.00 | 71 084.61 | 0.00 |
| JPY | RESONA HOLDINGS NPV | 40 400.00 | 145 422.75 | 0.01 |
| JPY | RICOH CO NPV | 13 400.00 | 99 005.89 | 0.01 |
| JPY | ROHM CO LTD NPV | 1 700.00 | 114 401.08 | 0.01 |
| JPY | SANTEN PHARM CO NPV | 8 600.00 | 158 852.74 | 0.01 |
| JPY | SEGA SAMMY HLDGS I NPV | 3 800.00 | 49 521.51 | 0.00 |
| JPY | SEIKO EPSON CORP NPV | 4 300.00 | 48 454.08 | 0.00 |
| JPY | SEKISUI CHEMICAL NPV | 5 400.00 | 75 435.10 | 0.00 |
| JPY | SEVEN & I HOLDINGS NPV | 14 300.00 | 489 386.93 | 0.02 |
| JPY | SG HOLDINGS CO LTD NPV | 3 400.00 | 110 929.60 | 0.01 |
| JPY | SHIMADZU CORP NPV | 4 000.00 | 108 228.52 | 0.01 |
| JPY | SHIMAMURA CO NPV | 400.00 | 28 143.13 | 0.00 |
| JPY | SOFTBANK CORP NPV | 29 500.00 | 374 038.15 | 0.02 |
| JPY | SOFTBANK GROUP CO NPV | 29 400.00 | 1 318 613.28 | 0.07 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Annual report and audited financial statements as of 31 May 2020
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Unrealized gain | of net |
|  |  |  | (loss) on Futures/ | assets |
|  |  |  | Forward |  |
|  |  |  | Exchange Contracts/ |  |
|  |  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| JPY | SOHGO SECURITY SER NPV | 1 100.00 | 54 114.26 | 0.00 |
| JPY | SOMPO HOLDINGS INC NPV | 6 000.00 | 213 412.54 | 0.01 |
| JPY | SONY CORP NPV | 24 400.00 | 1 556 834.84 | 0.08 |
| JPY | SUBARU CORPORATION NPV | 11 900.00 | 262 720.10 | 0.01 |
| JPY | SUMCO CORPORATION NPV | 6 200.00 | 95 012.76 | 0.01 |
| JPY | SUMITOMO CHEM CO NPV | 23 000.00 | 71 304.59 | 0.00 |
| JPY | SUMITOMO CORP NPV | 23 300.00 | 280 720.29 | 0.01 |
| JPY | SUMITOMO DAINIPPON PHARMA CO LTD | 2 700.00 | 38 168.65 | 0.00 |
| JPY | SUMITOMO ELECTRIC NPV | 13 200.00 | 153 704.93 | 0.01 |
| JPY | SUMITOMO MITSUI FG NPV | 24 700.00 | 715 081.46 | 0.04 |
| JPY | SUMITOMO MITSUI TR NPV | 5 500.00 | 161 883.33 | 0.01 |
| JPY | SUMITOMO RLTY&DEV NPV | 6 700.00 | 185 604.96 | 0.01 |
| JPY | TAKEDA PHARMACEUTI NPV | 29 149.00 | 1 133 925.47 | 0.06 |
| JPY | TDK CORP NPV | 2 400.00 | 224 550.98 | 0.01 |
| JPY | TOKIO MARINE HLDG NPV | 12 600.00 | 545 939.58 | 0.03 |
| JPY | TOKYO ELEC POWER H NPV | 30 000.00 | 101 081.36 | 0.01 |
| JPY | TOKYO ELECTRON NPV | 3 000.00 | 598 691.24 | 0.03 |
| JPY | TOKYU FUDOSAN HLDG NPV | 10 300.00 | 52 200.31 | 0.00 |
| JPY | TOPPAN PRINTING CO NPV | 5 200.00 | 88 955.31 | 0.00 |
| JPY | TOSHIBA CORP NPV | 6 900.00 | 188 551.54 | 0.01 |
| JPY | TOYOTA MOTOR CORP NPV | 40 700.00 | 2 551 895.88 | 0.13 |
| JPY | TREND MICRO INC NPV | 2 000.00 | 109 899.29 | 0.01 |
| JPY | UNICHARM CORP NPV | 8 100.00 | 301 489.77 | 0.02 |
| JPY | UNITED URBAN INVESTMENT CORP | 54.00 | 57 240.45 | 0.00 |
| JPY | WEST JAPAN RAILWAY NPV | 3 500.00 | 225 817.98 | 0.01 |
| JPY | YAMADA DENKI CO NPV | 10 000.00 | 48 637.86 | 0.00 |
| JPY | YAMAHA MOTOR CO NPV | 6 900.00 | 99 591.59 | 0.01 |
| JPY | YAMAZAKI BAKING CO NPV | 1 600.00 | 28 677.77 | 0.00 |
| JPY | YASKAWA ELEC CORP NPV | 4 000.00 | 143 685.90 | 0.01 |
| JPY | YOKOGAWA ELECTRIC NPV | 3 800.00 | 54 741.73 | 0.00 |
| JPY | YOKOHAMA RUBBER CO NPV | 3 000.00 | 45 305.61 | 0.00 |
| JPY | Z HOLDINGS CORP NPV | 48 300.00 | 197 261.80 | 0.01 |
| Total Japan |  | 36 144 757.34 | 1.80 |
| Luxembourg |  |  |  |
| EUR	ARCELORMITTAL NPV(POST STOCK SPLIT) | 26 770.00 | 256 236.33 | 0.01 |
| EUR	TENARIS S.A. USD1 | 16 933.00 | 105 327.68 | 0.01 |
| Total Luxembourg |  | 361 564.01 | 0.02 |
| The Netherlands |  |  |  |
| EUR	ADYEN NV EUR0.01 | 599.00 | 788 230.12 | 0.04 |
| EUR	AEGON NV EUR0.12 | 56 502.00 | 151 154.25 | 0.01 |
| EUR	ASML HOLDING NV EUR0.09 | 15 810.00 | 5 151 892.96 | 0.26 |
| EUR	CNH INDUSTRIAL NV COM EUR0.01 | 36 639.00 | 222 198.40 | 0.01 |
| EUR	FIAT CHRYSLER AUTO EUR0.01 | 38 402.00 | 339 254.16 | 0.02 |
| EUR	KONINKLIJKE DSM NV EUR1.5 | 6 663.00 | 852 703.21 | 0.04 |
| EUR	NN GROUP N.V. EUR0.12 | 11 568.00 | 357 335.05 | 0.02 |
| EUR	PROSUS N.V. EUR0.05 | 17 860.00 | 1 482 046.20 | 0.07 |
| GBP	ROYAL DUTCH SHELL PLC 'A'SHS EUR0.07 | 91 429.00 | 1 423 320.01 | 0.07 |
| Total The Netherlands |  | 10 768 134.36 | 0.54 |
| Portugal |  |  |  |
| EUR	EDP ENERGIAS PORTU EUR1(REGD) | 93 687.00 | 440 090.38 | 0.02 |
| EUR	GALP ENERGIA EUR1-B | 20 229.00 | 241 106.02 | 0.01 |
| EUR	JERONIMO MARTINS EUR5 | 10 013.00 | 171 301.83 | 0.01 |
| Total Portugal |  | 852 498.23 | 0.04 |
| Spain |  |  |  |
| EUR	BANCO SANTANDER SA EUR0.50(REGD) | 599 965.00 | 1 359 768.55 | 0.07 |
| EUR	BANKINTER SA EUR0.3(REGD) | 22 667.00 | 96 089.18 | 0.00 |
| EUR	BBVA(BILB-VIZ-ARG) EUR0.49 | 244 252.00 | 758 840.54 | 0.04 |
| EUR	MAPFRE SA EUR0.10 | 39 599.00 | 69 727.90 | 0.00 |
| Total Spain |  | 2 284 426.17 | 0.11 |
| Switzerland |  |  |  |
| CHF	ABB LTD CHF0.12 (REGD) | 87 122.00 | 1 713 057.75 | 0.08 |
| CHF	ADECCO GROUP AG CHF0.1 (REGD) | 7 637.00 | 362 652.17 | 0.02 |
| CHF	ALCON AG CHF0.04 | 22 741.00 | 1 464 778.89 | 0.07 |
| CHF	BALOISE-HLDGS CHF0.1(REGD) | 2 538.00 | 360 873.11 | 0.02 |
| CHF	BARRY CALLEBAUT AG CHF0.02 (REGD) | 140.00 | 281 544.71 | 0.01 |
| CHF	BQE CANT VAUDOISE CHF1 | 200.00 | 19 444.16 | 0.00 |
| CHF	CLARIANT CHF4.00(REGD) | 10 325.00 | 189 314.96 | 0.01 |
| GBP	COCA-COLA HBC AG ORD CHF6.70 | 4 049.00 | 102 017.77 | 0.00 |
| CHF	CREDIT SUISSE GRP CHF0.04(REGD) | 119 354.00 | 1 089 305.58 | 0.05 |
| CHF	EMS-CHEMIE HLDG AG CHF0.01(REGD)(POST RECON) | 392.00 | 289 909.44 | 0.01 |
| CHF	GEBERIT CHF0.10(REGD) | 1 699.00 | 826 421.05 | 0.04 |
| CHF	GIVAUDAN AG CHF10 | 435.00 | 1 560 783.80 | 0.08 |
| CHF	JULIUS BAER GRUPPE CHF0.02 (REGD) | 10 722.00 | 456 469.03 | 0.02 |
| CHF	KUEHNE&NAGEL INTL CHF1(REGD)(POST-SUBD) | 2 449.00 | 352 806.92 | 0.02 |
| CHF	LAFARGEHOLCIM LTD CHF2 (REGD) | 22 830.00 | 944 378.27 | 0.05 |
| CHF	LINDT & SPRUENGLI CHF100(REGD) | 5.00 | 434 058.50 | 0.02 |
| CHF	LOGITECH INTL CHF0.25(REGD) (POST-SUBD) | 6 000.00 | 353 991.88 | 0.02 |
| CHF	LONZA GROUP AG CHF1(REGD) | 3 598.00 | 1 765 855.11 | 0.09 |
| CHF	NESTLE SA CHF0.10(REGD) | 141 093.00 | 15 253 376.68 | 0.76 |
| CHF	NOVARTIS AG CHF0.50(REGD) | 101 573.00 | 8 778 605.38 | 0.44 |
| CHF	PARTNERS GROUP HLG CHF0.01 (REGD) | 875.00 | 723 534.92 | 0.04 |
| CHF	RICHEMONT(CIE FIN) CHF1.00 (REG) SER 'A' | 24 389.00 | 1 418 608.64 | 0.07 |
| CHF	SCHINDLER-HLDG AG CHF0.1(REGD)(POST-SUBD) | 1 056.00 | 244 461.75 | 0.01 |
| CHF	SGS LTD CHF1(REGD) | 282.00 | 661 923.60 | 0.03 |
| CHF	SIKA AG CHF0.01 (REG) | 6 365.00 | 1 089 874.57 | 0.05 |
| CHF	SONOVA HOLDING AG CHF0.05 (REGD) | 2 558.00 | 560 486.10 | 0.03 |
| CHF	STRAUMANN HLDG CHF0.1(REGD) | 490.00 | 396 814.82 | 0.02 |
| CHF	SWATCH GROUP CHF0.45(REGD) | 2 713.00 | 105 447.51 | 0.01 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Annual report and audited financial statements as of 31 May 2020
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Unrealized gain | of net |
|  |  |  | (loss) on Futures/ | assets |
|  |  |  | Forward |  |
|  |  |  | Exchange Contracts/ |  |
|  |  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| CHF | SWISS LIFE HLDG CHF5.1(REGD) | 1 553.00 | 545 417.09 | 0.03 |
| CHF | SWISS PRIME SITE CHF15.3 (REGD) | 3 624.00 | 337 239.10 | 0.02 |
| CHF | SWISSCOM AG CHF1(REGD) | 1 163.00 | 605 045.70 | 0.03 |
| CHF | TEMENOS AG CHF5 (REGD) | 3 126.00 | 477 343.81 | 0.02 |
| CHF | UBS GROUP CHF0.10 (REGD) | 180 195.00 | 1 931 933.49 | 0.10 |
| CHF | ZURICH INSURANCE GRP CHF0.10 | 6 960.00 | 2 242 240.03 | 0.11 |
| Total Switzerland |  | 47 940 016.29 | 2.38 |
| United Kingdom |  |  |  |
| GBP	ADMIRAL GROUP ORD GBP0.001 | 4 734.00 | 136 542.19 | 0.01 |
| GBP	ANGLO AMERICAN USD0.54945 | 25 746.00 | 541 297.24 | 0.03 |
| GBP	ANTOFAGASTA ORD GBP0.05 | 6 967.00 | 75 486.98 | 0.00 |
| GBP	ASHTEAD GROUP ORD GBP0.10 | 9 388.00 | 277 740.78 | 0.01 |
| GBP	ASSOCD BRIT FOODS ORD GBP0.0568 | 6 990.00 | 157 366.03 | 0.01 |
| GBP	AUTO TRADER GROUP ORD GBP0.01 | 23 823.00 | 164 403.16 | 0.01 |
| GBP	BARCLAYS ORD GBP0.25 | 400 925.00 | 571 202.71 | 0.03 |
| GBP	BERKELEY GP HLDGS ORD GBP0.05 | 2 866.00 | 145 095.51 | 0.01 |
| GBP	BP ORD USD0.25 | 447 045.00 | 1 689 824.40 | 0.08 |
| GBP	BURBERRY GROUP ORD GBP0.0005 | 8 275.00 | 152 995.38 | 0.01 |
| GBP	COMPASS GROUP ORD GBP0.1105 | 38 145.00 | 558 358.58 | 0.03 |
| GBP	CRODA INTL ORD GBP0.10609756 | 2 633.00 | 168 943.73 | 0.01 |
| GBP	DIAGEO ORD GBP0.28 101/108 | 52 020.00 | 1 794 635.46 | 0.09 |
| GBP	DIRECT LINE INSURA ORD GBP 0.109090909 | 24 839.00 | 81 254.57 | 0.00 |
| GBP	FERGUSON PLC (NEW) ORD GBP0.10 | 4 981.00 | 392 018.94 | 0.02 |
| GBP	GLAXOSMITHKLINE ORD GBP0.25 | 112 853.00 | 2 332 498.09 | 0.12 |
| GBP	HARGREAVES LANSDOW ORD GBP0.004 (WI) | 7 770.00 | 176 126.95 | 0.01 |
| GBP	HSBC HLDGS ORD USD0.50(UK REG) | 451 714.00 | 2 066 838.32 | 0.10 |
| GBP	IMPERIAL BRANDS PL GBP0.10 | 21 009.00 | 380 900.31 | 0.02 |
| GBP	INTERCONTL HOTELS ORD GBP0.208521303 | 4 138.00 | 198 032.98 | 0.01 |
| GBP	INTERTEK GROUP ORD GBP0.01 | 3 794.00 | 258 260.15 | 0.01 |
| GBP	LEGAL & GENERAL GP ORD GBP0.025 | 128 499.00 | 315 343.68 | 0.02 |
| GBP	LONDON STOCK EXCH ORD GBP0.06918604 | 7 177.00 | 712 495.89 | 0.04 |
| GBP	M&G PLC ORD GBP0.05 | 54 664.00 | 94 613.54 | 0.00 |
| GBP	MONDI ORD EUR0.20 | 11 672.00 | 217 605.81 | 0.01 |
| GBP	MORRISON(W)SUPRMKT ORD GBP0.10 | 40 598.00 | 93 707.18 | 0.00 |
| GBP	NEXT ORD GBP0.10 | 2 642.00 | 158 873.06 | 0.01 |
| GBP	PEARSON ORD GBP0.25 | 15 473.00 | 88 645.03 | 0.00 |
| GBP	PERSIMMON ORD GBP0.10 | 7 259.00 | 205 780.74 | 0.01 |
| GBP	PRUDENTIAL ORD GBP0.05 | 58 675.00 | 759 492.78 | 0.04 |
| GBP	RIO TINTO ORD GBP0.10 | 25 317.00 | 1 349 943.43 | 0.07 |
| GBP	ROYAL BK SCOT GRP ORD GBP1 (POST CONS) | 97 015.00 | 132 353.39 | 0.01 |
| GBP	RSA INSURANCE GRP ORD GBP1.00 | 20 524.00 | 100 048.97 | 0.00 |
| GBP	SAINSBURY(J) ORD GBP0.28571428 | 35 662.00 | 85 532.53 | 0.00 |
| GBP	SCHRODERS VTG SHS GBP1 | 3 433.00 | 125 416.64 | 0.01 |
| GBP	SMITH & NEPHEW ORD USD0.20 | 20 297.00 | 412 030.03 | 0.02 |
| GBP	STANDARD CHARTERED ORD USD0.50 | 59 884.00 | 272 743.43 | 0.01 |
| GBP	STD LIFE ABERDEEN ORD GBP0.1396825396 | 59 222.00 | 189 117.34 | 0.01 |
| GBP	TAYLOR WIMPEY ORD GBP0.01 | 63 232.00 | 112 257.46 | 0.01 |
| GBP	TESCO ORD GBP0.05 | 209 307.00 | 590 763.33 | 0.03 |
| GBP	UNILEVER PLC ORD GBP0.031111 | 24 460.00 | 1 309 992.38 | 0.06 |
| GBP	VODAFONE GROUP ORD USD0.2095238(POST CONS) | 596 601.00 | 981 126.01 | 0.05 |
| Total United Kingdom |  | 20 627 705.11 | 1.03 |
| United States |  |  |  |
| CAD	BAUSCH HEALTH COMP COM NPV | 17 834.00 | 327 210.42 | 0.02 |
| CAD	OVINTIV INC COM USD0.01 | 6 659.00 | 50 007.54 | 0.00 |
| Total United States |  | 377 217.96 | 0.02 |
| Total Registered shares |  | 217 315 532.40 | 10.80 |
| Depository receipts |  |  |  |
| Luxembourg |  |  |  |
| EUR	SES S.A. FDR EACH REP 1 'A' NPV | 12 841.00 | 95 043.64 | 0.00 |
| Total Luxembourg |  | 95 043.64 | 0.00 |
| The Netherlands |  |  |  |
| EUR	ABN AMRO BANK N.V. DR EACH REP SHS | 15 860.00 | 127 197.89 | 0.01 |
| Total The Netherlands |  | 127 197.89 | 0.01 |
| Total Depository receipts |  | 222 241.53 | 0.01 |
| Certificates on investment funds |  |  |  |
| Ireland |  |  |  |
| USD	STAR COMPASS PLC/UBS DYNMC DIVERSIFIED LTD NOTE DUE 31.03.21	49 150 000.00 | 72 083 390.00 | 3.58 |
| Total Ireland | 72 083 390.00 | 3.58 |
| Total Certificates on investment funds | 72 083 390.00 | 3.58 |

Investment funds, closed end
| Canada |  |
| --- | --- |
| CAD | RIOCAN REAL ESTATE INVESTMENT TRUST | 7 748.00 | 81 616.90 | 0.00 |
| Total Canada |  | 81 616.90 | 0.00 |
| United Kingdom |  |  |  |
| GBP	SEGRO PLC REIT | 31 068.00 | 322 485.06 | 0.02 |
| Total United Kingdom |  | 322 485.06 | 0.02 |
| Total Investment funds, closed end |  | 404 101.96 | 0.02 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Annual report and audited financial statements as of 31 May 2020
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Rights |  |  |  |  |
| United Kingdom |
| GBP | WHITBREAD PLC-NIL RIGHTS 09.06.20 | 1 724.00 | 21 356.44 | 0.00 |
| Total United Kingdom |  | 21 356.44 | 0.00 |
| Total Rights |  | 21 356.44 | 0.00 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	3M CO 2.25000% 16-19.09.26 | 1 500 000.00 | 1 602 931.95 | 0.08 |
| USD	ABU DHABI,GOVERNMENT OF-REG-S 3.12500% 17-11.10.27 | 5 675 000.00 | 6 086 437.50 | 0.30 |
| USD	ALBERTA, PROVINCE OF 3.30000% 18-15.03.28 | 3 600 000.00 | 4 150 461.24 | 0.21 |
| USD	ALPHABET INC 1.99800% 16-15.08.26 | 4 075 000.00 | 4 408 083.57 | 0.22 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 1 100 000.00 | 1 172 334.02 | 0.06 |
| USD	APPLE INC 1.65000% 20-11.05.30 | 1 970 000.00 | 1 998 838.63 | 0.10 |
| USD	APPLE INC 2.20000% 19-11.09.29 | 4 500 000.00 | 4 830 579.90 | 0.24 |
| USD	APPLE INC 2.40000% 13-03.05.23 | 1 000 000.00 | 1 058 418.50 | 0.05 |
| USD	APPLE INC 2.45000% 16-04.08.26 | 2 500 000.00 | 2 725 158.50 | 0.14 |
| USD	APPLE INC 2.85000% 16-23.02.23 | 150 000.00 | 159 346.95 | 0.01 |
| USD	APPLE INC 3.20000% 17-11.05.27 | 3 290 000.00 | 3 712 473.84 | 0.18 |
| USD	ASIAN DEVELOPMENT BANK 2.62500% 19-30.01.24 | 1 000 000.00 | 1 080 790.00 | 0.05 |
| USD	BANK OF NOVA SCOTIA 2.00000% 19-15.11.22 | 1 260 000.00 | 1 294 751.56 | 0.06 |
| USD	BAYER US FINANCE II LLC-REG-S 3.87500% 18-15.12.23 | 1 700 000.00 | 1 833 609.80 | 0.09 |
| USD	BERKSHIRE HATHAWAY INC 2.20000% 16-15.03.21 | 1 075 000.00 | 1 088 698.29 | 0.05 |
| USD	BERKSHIRE HATHAWAY INC 3.12500% 16-15.03.26 | 2 100 000.00 | 2 347 845.36 | 0.12 |
| USD	BRITISH COLUMBIA, PROVINCE OF 1.75000% 19-27.09.24 | 700 000.00 | 732 529.00 | 0.04 |
| USD	CHEVRON CORP 2.23600% 20-11.05.30 | 2 576 000.00 | 2 706 554.25 | 0.13 |
| USD	CHEVRON CORP 2.41900% 15-17.11.20 | 750 000.00 | 755 369.63 | 0.04 |
| USD	CHEVRON CORP 3.19100% 13-24.06.23 | 725 000.00 | 779 308.22 | 0.04 |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 3.90000% 18-16.03.28 | 1 600 000.00 | 1 808 400.00 | 0.09 |
| USD	CORPORACION ANDINA DE FOMENTO 4.37500% 12-15.06.22 | 1 000 000.00 | 1 046 260.00 | 0.05 |
| USD	COUNCIL OF EUROPE DEVELOPMENT BANK 1.62500% 16-16.03.21 | 500 000.00 | 504 649.45 | 0.02 |
| USD	DEXIA CREDIT LOCAL SA-REG-S 2.50000% 18-25.01.21 | 1 050 000.00 | 1 063 576.18 | 0.05 |
| USD	EQUINOR ASA 3.62500% 18-10.09.28 | 4 000 000.00 | 4 528 232.40 | 0.22 |
| USD	EUROPEAN INVESTMENT BANK 2.00000% 16-15.03.21 | 100 000.00 | 101 256.00 | 0.01 |
| USD	EUROPEAN INVESTMENT BANK 2.37500% 17-24.05.27 | 4 000 000.00 | 4 455 468.00 | 0.22 |
| USD	EXPORT DEVELOPMENT CANADA 2.00000% 17-17.05.22 | 250 000.00 | 258 119.80 | 0.01 |
| USD	EXPORT-IMPORT BANK OF KOREA 2.50000% 15-10.05.21 | 900 000.00 | 914 062.50 | 0.05 |
| USD	EXPORT-IMPORT BANK OF KOREA 3.25000% 15-10.11.25 | 3 400 000.00 | 3 771 875.00 | 0.19 |
| USD	EXPORT-IMPORT BANK OF KOREA 2.75000% 17-25.01.22 | 2 075 000.00 | 2 133 359.38 | 0.11 |
| USD	EXXON MOBIL CORP 3.04300% 16-01.03.26 | 4 725 000.00 | 5 234 040.31 | 0.26 |
| USD	EXXON MOBIL CORP 3.48200% 20-19.03.30 | 1 500 000.00 | 1 696 372.65 | 0.08 |
| USD	HSBC BANK PLC-REG-S 4.12500% 10-12.08.20 | 625 000.00 | 629 411.13 | 0.03 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.37500% 17-07.07.27 | 1 900 000.00 | 2 115 472.54 | 0.11 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.25000% 19-18.06.29 | 3 375 000.00 | 3 773 863.91 | 0.19 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.00000% 19-23.07.26 | 2 800 000.00 | 3 021 315.36 | 0.15 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 2.85000% 19-13.05.22 | 1 000 000.00 | 1 045 622.70 | 0.05 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 1.75000% 19-23.10.29 | 1 600 000.00 | 1 726 624.00 | 0.09 |
| USD	JOHNSON & JOHNSON 2.45000% 16-01.03.26 | 4 425 000.00 | 4 840 065.45 | 0.24 |
| USD	JOHNSON & JOHNSON 2.90000% 17-15.01.28 | 1 000 000.00 | 1 124 445.90 | 0.06 |
| USD	JOHNSON & JOHNSON 3.37500% 13-05.12.23 | 1 000 000.00 | 1 106 832.00 | 0.05 |
| USD	KOREA DEVELOPMENT BANK 2.75000% 17-19.03.23 | 1 050 000.00 | 1 100 203.13 | 0.05 |
| USD	KOREA EAST-WEST POWER CO LTD-REG-S 3.87500% 18-19.07.23 | 1 030 000.00 | 1 115 940.62 | 0.06 |
| USD	KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 3.00000% 12-19.09.22 | 800 000.00 | 832 500.00 | 0.04 |
| USD	KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 3.12500% 17-25.07.27 | 3 450 000.00 | 3 697 968.75 | 0.18 |
| USD	KOREA SOUTH-EAST POWER CO LTD-REG-S 2.12500% 20-03.02.25 | 700 000.00 | 723 891.00 | 0.04 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.12500% 13-17.01.23 | 775 000.00 | 811 692.69 | 0.04 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.00000% 15-02.05.25 | 3 150 000.00 | 3 378 154.50 | 0.17 |
| USD	KUWAIT INTERNATIONAL GOVT BOND-REG-S 3.50000% 17-20.03.27 | 6 000 000.00 | 6 615 000.00 | 0.33 |
| USD	LANDWIRTSCHAFTLICHE RENTENBANK 2.00000% 15-13.01.25 | 3 875 000.00 | 4 135 826.25 | 0.21 |
| USD	MICROSOFT CORP 2.65000% 15-03.11.22 | 1 500 000.00 | 1 580 034.00 | 0.08 |
| USD	MICROSOFT CORP 2.87500% 17-06.02.24 | 1 500 000.00 | 1 624 927.80 | 0.08 |
| USD	MICROSOFT CORP 3.30000% 17-06.02.27 | 7 250 000.00 | 8 326 625.72 | 0.41 |
| USD	NATIONAL AUSTRALIA BANK LTD/NY 2.50000% 16-12.07.26 | 3 200 000.00 | 3 367 360.00 | 0.17 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 3.00000% 18-10.01.28 | 1 700 000.00 | 1 862 471.72 | 0.09 |
| USD	NORDIC INVESTMENT BANK 2.25000% 14-30.09.21 | 500 000.00 | 512 530.00 | 0.03 |
| USD	NOVARTIS CAPITAL CORP 2.40000% 12-21.09.22 | 750 000.00 | 782 850.45 | 0.04 |
| USD	NOVARTIS CAPITAL CORP 3.10000% 17-17.05.27 | 2 310 000.00 | 2 579 877.76 | 0.13 |
| USD	NOVARTIS CAPITAL CORP 2.20000% 20-14.08.30 | 1 830 000.00 | 1 934 342.21 | 0.10 |
| USD	QATAR, STATE OF-REG-S 2.37500% 16-02.06.21 | 1 450 000.00 | 1 464 953.13 | 0.07 |
| USD	QATAR, STATE OF-REG-S 3.37500% 19-14.03.24 | 600 000.00 | 637 687.50 | 0.03 |
| USD	QATAR, STATE OF-REG-S 4.00000% 19-14.03.29 | 3 000 000.00 | 3 382 500.00 | 0.17 |
| USD	QUEBEC, PROVINCE OF 2.50000% 16-20.04.26 | 4 450 000.00 | 4 859 222.00 | 0.24 |
| USD	ROCHE HOLDINGS INC-REG-S 3.62500% 18-17.09.28 | 3 000 000.00 | 3 506 453.10 | 0.17 |
| USD	SANOFI 4.00000% 11-29.03.21 | 1 100 000.00 | 1 132 916.84 | 0.06 |
| USD	SHELL INTERNATIONAL FINANCE BV 2.25000% 12-06.01.23 | 850 000.00 | 886 218.58 | 0.04 |
| USD	SHELL INTERNATIONAL FINANCE BV 1.87500% 16-10.05.21 | 450 000.00 | 455 890.64 | 0.02 |
| USD	SHELL INTERNATIONAL FINANCE BV 2.87500% 16-10.05.26 | 4 400 000.00 | 4 798 412.52 | 0.24 |
| USD	SINOPEC GROUP OVERSEAS DEV 2013-REG-S 4.37500% 13-17.10.23 | 675 000.00 | 734 325.75 | 0.04 |
| USD	STATE STREET CORP 2.40000% 20-24.01.30 | 785 000.00 | 833 704.46 | 0.04 |
| USD	TOTAL CAPITAL INTERNATIONAL SA 3.70000% 13-15.01.24 | 900 000.00 | 989 176.50 | 0.05 |
| USD	VISA INC 3.15000% 15-14.12.25 | 3 675 000.00 | 4 129 016.49 | 0.21 |
| USD	WALMART INC 2.55000% 13-11.04.23 | 1 425 000.00 | 1 501 334.54 | 0.07 |
| USD	WALMART INC 3.70000% 18-26.06.28 | 6 000 000.00 | 7 099 609.20 | 0.35 |
| USD	WESTPAC BANKING CORP 2.85000% 16-13.05.26 | 3 755 000.00 | 4 028 739.50 | 0.20 |
| USD	WESTPAC BANKING CORP 3.35000% 17-08.03.27 | 1 200 000.00 | 1 329 744.00 | 0.07 |
| Total USD |  | 178 175 946.72 | 8.86 |
| Total Notes, fixed rate |  | 178 175 946.72 | 8.86 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Annual report and audited financial statements as of 31 May 2020
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |

Medium term notes, fixed rate
| USD |  |
| --- | --- |
| USD | AFRICAN DEVELOPMENT BANK 2.37500% 14-23.09.21 | 750 000.00 | 769 567.50 | 0.04 |
| USD | ASB FINANCE LTD-REG-S 2.12500% 16-01.09.21 | 1 000 000.00 | 1 002 593.50 | 0.05 |
| USD | ASIAN DEVELOPMENT BANK 2.62500% 17-12.01.27 | 3 250 000.00 | 3 648 857.55 | 0.18 |
| USD | ASIAN DEVELOPMENT BANK 2.00000% 17-16.02.22 | 500 000.00 | 514 255.00 | 0.03 |
| USD | ASIAN DEVELOPMENT BANK 2.50000% 17-02.11.27 | 4 000 000.00 | 4 502 930.40 | 0.22 |
| USD | ASIAN DEVELOPMENT BANK 1.75000% 19-19.09.29 | 5 000 000.00 | 5 374 559.00 | 0.27 |
| USD | BANK OF AMERICA CORP 3.24800% 16-21.10.27 | 2 950 000.00 | 3 224 030.22 | 0.16 |
| USD | BANK OF MONTREAL 1.90000% 16-27.08.21 | 900 000.00 | 915 395.40 | 0.05 |
| USD | CAISSE D'AMOR DE LA DETTE SOCIALE-REG-S 3.37500% 14-20.03.24 | 850 000.00 | 941 137.00 | 0.05 |
| USD | CLIFFORD CAPITAL PTE LTD-REG-S 1.73300% 19-10.09.24 | 1 500 000.00 | 1 528 755.00 | 0.08 |
| USD | COMMONWEALTH BANK OF AUSTRALIA-REG-S 3.15000% 17-19.09.27 | 725 000.00 | 780 912.00 | 0.04 |
| USD | CPPIB CAPITAL INC-REG-S 2.75000% 17-02.11.27 | 3 025 000.00 | 3 394 877.04 | 0.17 |
| USD | FINNVERA OYJ-REG-S 1.87500% 17-05.10.20 | 1 000 000.00 | 1 004 790.00 | 0.05 |
| USD | IDB TRUST SERVICES LTD-REG-S 2.26100% 17-26.09.22 | 1 550 000.00 | 1 598 717.74 | 0.08 |
| USD | INTERNATIONAL FINANCE CORP 2.12500% 16-07.04.26 | 1 700 000.00 | 1 849 651.00 | 0.09 |
| USD | INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 17-22.11.27 | 5 200 000.00 | 5 871 892.00 | 0.29 |
| USD | JAPAN TOBACCO INC-REG-S 2.80000% 16-13.04.26 | 1 800 000.00 | 1 887 840.00 | 0.09 |
| USD | KOMMUNEKREDIT-REG-S 1.62500% 16-01.06.21 | 350 000.00 | 354 230.10 | 0.02 |
| USD | KOREA DEVELOPMENT BANK 1.75000% 20-18.02.25 | 300 000.00 | 307 927.95 | 0.02 |
| USD | LANDESKREDITBANK B-WUERTT FOERDBK-REG-S 1.37500% 16-21.07.21 | 550 000.00 | 555 964.20 | 0.03 |
| USD | MACQUARIE GROUP LTD-REG-S 6.25000% 11-14.01.21 | 750 000.00 | 771 420.00 | 0.04 |
| USD | MDGH - GMTN BV-REG-S 3.00000% 17-19.04.24 | 1 100 000.00 | 1 146 750.00 | 0.06 |
| USD | MUNICIPALITY FINANCE PLC-REG-S 1.87500% 17-18.09.20 | 475 000.00 | 476 919.00 | 0.02 |
| USD | NEDERLANDSE WATERSCHAPSBK NV-REG-S 3.00000% 18-21.12.21 | 425 000.00 | 441 984.70 | 0.02 |
| USD | NESTLE HOLDINGS INC-REG-S 1.87500% 16-09.03.21 | 1 000 000.00 | 1 006 900.00 | 0.05 |
| USD | NESTLE HOLDINGS INC-REG-S 2.37500% 17-18.01.22 | 875 000.00 | 899 706.93 | 0.04 |
| USD | NESTLE HOLDINGS INC-REG-S 3.12500% 18-22.03.23 | 1 370 000.00 | 1 455 529.10 | 0.07 |
| USD | NISSAN MOTOR ACCEPTANCE CORP-REG-S 2.60000% 17-28.09.22 | 500 000.00 | 462 839.50 | 0.02 |
| USD | NORDRHEIN-WESTFALEN, STATE OF-REG-S 2.25000% 15-16.04.25 | 900 000.00 | 969 022.80 | 0.05 |
| USD | SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 2.50000% 20-03.02.27 | 2 100 000.00 | 2 112 600.00 | 0.10 |
| USD | SP POWERASSETS LTD-REG-S 3.25000% 15-24.11.25 | 1 500 000.00 | 1 631 025.00 | 0.08 |
| USD | SUMITOMO MITSUI BANKING CORP-REG-S 2.44000% 19-18.06.24 | 801 000.00 | 829 595.70 | 0.04 |
| USD | SVENSK EXPORTKREDIT AB 1.75000% 16-10.03.21 | 550 000.00 | 555 930.27 | 0.03 |
| USD | TOYOTA MOTOR CREDIT CORP 2.60000% 17-11.01.22 | 1 150 000.00 | 1 180 153.46 | 0.06 |
| USD | TOYOTA MOTOR FINANCE NL BV-REG-S 2.76400% 19-26.04.21 | 700 000.00 | 704 883.06 | 0.03 |
| Total USD |  |  | 54 674 142.12 | 2.72 |
| Total Medium term notes, fixed rate |  | 54 674 142.12 | 2.72 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BNG BANK NV-REG-S 2.62500% 14-28.04.21 | 550 000.00 | 560 493.45 | 0.03 |
| USD	BNG BANK NV-REG-S 2.37500% 16-16.03.26 | 1 800 000.00 | 1 963 504.44 | 0.10 |
| USD	CAISSE D'AMORTIS DE LA DETTE SOC-REG-S 1.87500% 15-12.02.22 | 600 000.00 | 614 922.00 | 0.03 |
| USD	CANADIAN IMPERIAL BANK OF COM/CAN-REG-S 2.35000% 17-27.07.22 | 1 075 000.00 | 1 107 476.93 | 0.05 |
| USD	CENTRAL JAPAN RAILWAY CO-REG-S 3.40000% 18-06.09.23 | 1 400 000.00 | 1 482 266.38 | 0.07 |
| USD	DBS BANK LTD-REG-S 3.30000% 18-27.11.21 | 500 000.00 | 519 843.85 | 0.03 |
| USD	DNB BOLIGKREDITT AS-REG-S 2.50000% 17-28.03.22 | 500 000.00 | 516 265.00 | 0.03 |
| USD	EUROPEAN INVESTMENT BANK 1.87500% 15-10.02.25 | 2 900 000.00 | 3 087 672.34 | 0.15 |
| USD	FAB SUKUK CO LTD-REG-S 3.87500% 19-22.01.24 | 1 600 000.00 | 1 698 000.00 | 0.08 |
| USD	FMS WERTMANAGEMENT 2.00000% 17-01.08.22 | 550 000.00 | 569 524.39 | 0.03 |
| USD	ING BANK NV-REG-S 2.62500% 12-05.12.22 | 400 000.00 | 418 889.32 | 0.02 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 14-25.11.24 | 800 000.00 | 871 672.00 | 0.04 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 15-29.07.25 | 3 350 000.00 | 3 682 320.00 | 0.18 |
| USD	KOREA GAS CORP-REG-S 2.87500% 19-16.07.29 | 1 000 000.00 | 1 073 750.00 | 0.05 |
| USD	KOREA NATIONAL OIL CORP-REG-S 3.25000% 14-10.07.24 | 2 200 000.00 | 2 360 875.00 | 0.12 |
| USD	KOREA, REPUBLIC OF 3.87500% 13-11.09.23 | 1 400 000.00 | 1 529 937.50 | 0.08 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.50000% 14-20.11.24 | 1 225 000.00 | 1 335 232.48 | 0.07 |
| USD	MORGAN STANLEY 5.50000% 10-24.07.20 | 949 000.00 | 955 766.37 | 0.05 |
| USD	NATIONWIDE BUILDING SOCIETY-REG-S 1.70000% 20-13.02.23 | 1 284 000.00 | 1 313 833.87 | 0.07 |
| USD	NOVARTIS CAPITAL CORP 3.40000% 14-06.05.24 | 1 000 000.00 | 1 101 914.70 | 0.05 |
| USD	OESTERREICHISCHE KONTROLLBANK AG 2.37500% 14-01.10.21 | 675 000.00 | 693 358.18 | 0.03 |
| USD	ONTARIO, PROVINCE OF 3.20000% 14-16.05.24 | 1 600 000.00 | 1 754 304.16 | 0.09 |
| USD	ONTARIO, PROVINCE OF 2.50000% 16-27.04.26 | 3 500 000.00 | 3 814 860.00 | 0.19 |
| USD	ROYAL BANK OF CANADA 2.10000% 15-14.10.20 | 775 000.00 | 779 622.41 | 0.04 |
| USD	ROYAL BANK OF CANADA-REG-S 3.35000% 18-22.10.21 | 950 000.00 | 985 292.60 | 0.05 |
| USD	SWEDBANK AB-REG-S 2.80000% 17-14.03.22 | 1 000 000.00 | 1 031 554.00 | 0.05 |
| Total USD |  | 35 823 151.37 | 1.78 |
| Total Bonds, fixed rate |  | 35 823 151.37 | 1.78 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 2.62500% 19-15.02.29 | 10 162 000.00 | 11 920 898.92 | 0.59 |
| USD	AMERICA, UNITED STATES OF 1.50000% 15-31.01.22 | 100 000.00 | 102 195.31 | 0.01 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.02.27 | 600 000.00 | 670 500.00 | 0.03 |
| USD	AMERICA, UNITED STATES OF 1.75000% 13-15.05.23 | 50 000.00 | 52 289.06 | 0.00 |
| USD	AMERICA, UNITED STATES OF 0.62500% 20-15.05.30 | 1 000.00 | 997.85 | 0.00 |
| Total USD |  | 12 746 881.14 | 0.63 |
| Total Treasury notes, fixed rate |  | 12 746 881.14 | 0.63 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 4 500 000.00 | 9 783 379.67 | 0.49 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 2 850 000.00 | 4 417 444.44 | 0.22 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 14-15.01.24 | 4 450 000.00 | 5 101 467.74 | 0.25 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 5 300 000.00 | 6 116 898.24 | 0.30 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Annual report and audited financial statements as of 31 May 2020
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | AMERICA, UNITED STATES OF 1.125%/CPI LINKED 11-15.01.21 | 2 800 000.00 | 3 303 045.72 | 0.16 |
| USD | AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.01.22 | 2 425 000.00 | 2 772 058.15 | 0.14 |
| USD | AMERICA, UNITED STATES OF 0.125%/CPI LINKED 13-15.01.23 | 4 710 000.00 | 5 319 017.52 | 0.27 |
| USD | AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 7 525 000.00 | 8 506 609.15 | 0.42 |
| USD | AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 3 139 000.00 | 3 573 214.59 | 0.18 |
| USD | AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 5 250 000.00 | 5 986 481.87 | 0.30 |
| USD | AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 10 500 000.00 | 11 939 307.01 | 0.59 |
| Total USD |  |  | 66 818 924.10 | 3.32 |
| Total Treasury notes, floating rate |  | 66 818 924.10 | 3.32 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 793 674 611.74 | 39.45 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Treasury bills, zero coupon |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 26.03.20-24.09.20 | 5 000.00 | 4 997.32 | 0.00 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 07.11.19-05.11.20 | 5 000.00 | 4 996.35 | 0.00 |
| Total USD |  | 9 993.67 | 0.00 |
| Total Treasury bills, zero coupon |  | 9 993.67 | 0.00 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ALTRIA GROUP INC 2.85000% 12-09.08.22 | 1 200 000.00 | 1 245 685.20 | 0.06 |
| USD	FANNIE MAE 2.12500% 16-24.04.26 | 2 500 000.00 | 2 717 435.50 | 0.14 |
| USD	HSBC HOLDINGS PLC 4.87500% 11-14.01.22 | 1 450 000.00 | 1 537 197.20 | 0.08 |
| USD	MASSMUTUAL GLOBAL FUNDING II-REG-S 2.45000% 15-23.11.20 | 900 000.00 | 909 052.56 | 0.04 |
| USD	NATIONAL AUSTRALIA BANK LTD NEW YORK 2.87500% 18-12.04.23 | 500 000.00 | 521 692.95 | 0.03 |
| USD	NATIONAL AUSTRALIA BANK LTD-144A 3.50000% 17-10.01.27 | 1 500 000.00 | 1 644 810.00 | 0.08 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 1.95000% 17-28.09.20 | 1 000 000.00 | 1 004 927.10 | 0.05 |
| USD	PROCTER & GAMBLE CO 2.30000% 12-06.02.22 | 725 000.00 | 753 397.67 | 0.04 |
| Total USD |  | 10 334 198.18 | 0.52 |
| Total Notes, fixed rate |  | 10 334 198.18 | 0.52 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	GOLDMAN SACHS GROUP INC/THE 3.85000% 14-08.07.24 | 1 000 000.00 | 1 087 873.90 | 0.05 |
| USD	GUARDIAN LIFE GLOBAL FUNDING-REG-S 2.00000% 16-26.04.21 | 2 000 000.00 | 2 027 295.40 | 0.10 |
| Total USD |  | 3 115 169.30 | 0.15 |
| Total Medium term notes, fixed rate |  | 3 115 169.30 | 0.15 |
| Medium term notes, zero coupon |  |  |  |
| USD |  |  |  |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.00000% 00-01.05.30 | 1 908 000.00 | 1 651 350.25 | 0.08 |
| Total USD |  | 1 651 350.25 | 0.08 |
| Total Medium term notes, zero coupon |  | 1 651 350.25 | 0.08 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 1.62500% 19-17.10.22 | 1 000 000.00 | 1 021 357.70 | 0.05 |
| Total USD |  | 1 021 357.70 | 0.05 |
| Total Bonds, fixed rate |  | 1 021 357.70 | 0.05 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25 | 6 665 000.00 | 7 499 071.43 | 0.37 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 16-15.04.21 | 1 417 000.00 | 1 533 842.81 | 0.08 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 3 475 000.00 | 3 941 285.01 | 0.20 |
| Total USD |  | 12 974 199.25 | 0.65 |
| Total Treasury notes, floating rate |  | 12 974 199.25 | 0.65 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 29 106 268.35 | 1.45 |

Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market
Registered shares
United Arab Emirates
| GBP | NMC HEALTH PLC ORD GBP0.1 | 3 082.00 | 0.04 | 0.00 |
| --- | --- | --- | --- | --- |
| Total United Arab Emirates | 0.04 | 0.00 |
| Total Registered shares | 0.04 | 0.00 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Annual report and audited financial statements as of 31 May 2020
Rights
Italy
| EUR | DAVIDE CAMPARI-MILANO SPA RIGHTS 21.06.20 | 20 892.00 | 0.00 | 0.00 |
| --- | --- | --- | --- | --- |
| Total Italy |  | 0.00 | 0.00 |
| Total Rights |  | 0.00 | 0.00 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	MASSMUTUAL GLOBAL FUNDING II-REG-S 2.95000% 18-11.01.25 | 1 550 000.00 | 1 663 884.54 | 0.08 |
| USD	SVENSKA HANDELSBANKEN AB 1.95000% 17-08.09.20 | 650 000.00 | 652 622.75 | 0.03 |
| USD	US BANK NA/CINCINNATI OH 2.65000% 19-23.05.22 | 1 400 000.00 | 1 454 538.26 | 0.07 |
| Total USD |  | 3 771 045.55 | 0.18 |
| Total Notes, fixed rate |  | 3 771 045.55 | 0.18 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	HSBC BANK CANADA-REG-S 3.30000% 18-28.11.21 | 1 350 000.00 | 1 400 155.34 | 0.07 |
| USD	HSBC BANK CANADA-REG-S 1.65000% 19-10.09.22 | 750 000.00 | 764 737.87 | 0.04 |
| USD	MASSMUTUAL GLOBAL FUNDING II-REG-S 2.75000% 17-22.06.24 | 950 000.00 | 1 013 410.32 | 0.05 |
| Total USD |  | 3 178 303.53 | 0.16 |
| Total Bonds, fixed rate	3 178 303.53 | 0.16 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market	6 949 349.12 | 0.34 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |
| Investment funds, open end |  |
| Ireland |  |
| USD	MAN FUNDS VI PLC-MAN AHL TARGETRISK-INU-USD-CAP	223 614.83	27 998 812.24 | 1.39 |
| USD	SOURCE MARKETS PLC - MSCI USA SOURCE ETF-A	393 366.00	32 293 381.77 | 1.60 |
| USD	UBS (IRL) ETF PLC-MSCI USA UCITS-ACC-A-USD-ETF	7 868 155.00	130 076 338.46 | 6.47 |
| USD	UBS ETFS PLC - MSCI USA TRN INDEX SF (USD) A-ACC	2 288 497.00	188 709 462.62 | 9.38 |
| Total Ireland	379 077 995.09 | 18.84 |
| Luxembourg |  |
| EUR	ALMA PLATINUM IV UBS MULTI-STRATEGY ALTERNATIVES-I0C-E-CAP	5 993.42	65 239 494.50 | 3.24 |
| USD	AQR UCITS FUNDS - GLOBAL RISK PARITY UCITS FUND-A2-CAP	236 512.45	26 811 051.33 | 1.33 |
| USD	INVESCO FUNDS SICAV BAL RISK ALLOCATION-PI1-USD HDG-CAP	2 553 807.08	28 321 720.51 | 1.41 |
| USD	UBS (LUX) BOND FUND-EURO HIGH YIELD (EUR)(USD HEDGED) F-ACC	443 664.00	48 567 898.08 | 2.42 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD (USD) F-ACC	237 207.00	73 999 095.72 | 3.68 |
| USD	UBS (LUX) BOND SICAV USD - INVEST GRADE CORP USD F ACC	2 693.00	302 218 217.57 | 15.02 |
| USD	UBS (LUX) BOND SICAV - EMERG ECON CORPORATES (USD) F-ACC	591 225.00	66 063 481.50 | 3.28 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD) F-ACC	53 137.00	100 877 937.65 | 5.02 |
| USD	UBS (LUX) MONEY MARKET FUND - USD U-X-ACC	1.00	11 197.66 | 0.00 |
| Total Luxembourg	712 110 094.52 | 35.40 |
| Total Investment funds, open end	1 091 188 089.61 | 54.24 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010	1 091 188 089.61 | 54.24 |
| Total investments in securities	1 920 918 318.82 | 95.48 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange |
| Financial Futures on bonds |
|  |  |  |  |
| USD	US 2YR TREASURY NOTE FUTURE 30.09.20 | 2 167.00 | 237 013.46 | 0.01 |
| USD	US 5YR TREASURY NOTE FUTURE 30.09.20 | 912.00 | 292 124.54 | 0.02 |
| Total Financial Futures on bonds |  | 529 138.00 | 0.03 |
| Financial Futures on Indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.06.20 | -4 395.00 | -34 160 769.06 | -1.70 |
| CHF	SWISS MARKET INDEX FUTURE 19.06.20 | -30.00 | -20 566.25 | 0.00 |
| GBP	FTSE 100 INDEX FUTURE 19.06.20 | -6.00 | -12 986.26 | 0.00 |
| SGD	MSCI SINGAPORE INDEX FUTURE 29.06.20 | 1.00 | -173.34 | 0.00 |
| USD	S&P500 EMINI FUTURE 19.06.20 | -2 062.00 | -37 787 341.00 | -1.88 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 19.06.20 | 1.00 | 6 935.00 | 0.00 |
| AUD	SPI 200 INDEX FUTURES 18.06.20 | 1.00 | 15 151.23 | 0.00 |
| JPY	TOPIX INDX FUTURE 11.06.20 | -6.00 | -61 748.74 | 0.00 |
| HKD	HANG SENG INDEX FUTURE 29.06.20 | 1.00 | -1 389.19 | 0.00 |
| CAD	S&P/TSX 60 INDEX FUTURE 18.06.20 | -463.00 | -6 757 732.60 | -0.34 |
| Total Financial Futures on Indices |  | -78 780 620.21 | -3.92 |
| Total Derivative instruments listed on an official stock exchange |  | -78 251 482.21 | -3.89 |
| Total Derivative instruments |  | -78 251 482.21 | -3.89 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Annual report and audited financial statements as of 31 May 2020
| Description	Quantity/ | Valuation in USD | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |

Forward Foreign Exchange contracts
Forward Foreign Exchange contracts (Purchase/Sale)
| GBP | 200 000.00 | USD | 249 384.40 | 24.6.2020 | -2 099.98 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 1 000 000.00 | USD | 1 034 960.98 | 24.6.2020 | 6 655.05 | 0.00 |
| USD | 1 067 194.86 | CAD | 1 500 000.00 | 24.6.2020 | -18 048.27 | 0.00 |
| USD | 2 065 599.30 | CHF | 2 000 000.00 | 24.6.2020 | -17 632.76 | 0.00 |
| USD | 792 846.25 | AUD | 1 250 000.00 | 24.6.2020 | -36 918.85 | 0.00 |
| JPY | 548 500 000.00 | USD | 5 101 272.11 | 24.6.2020 | -8 402.68 | 0.00 |
| USD | 175 280.04 | SGD | 250 000.00 | 24.6.2020 | -1 608.97 | 0.00 |
| USD | 709 197.36 | HKD | 5 500 000.00 | 24.6.2020 | -40.85 | 0.00 |
| USD | 33 624 350.73 | CAD | 47 550 000.00 | 24.6.2020 | -777 856.64 | -0.04 |
| GBP | 6 385 000.00 | USD | 7 896 418.89 | 24.6.2020 | -1 863.92 | 0.00 |
| USD | 24 904 095.71 | CHF | 24 085 000.00 | 24.6.2020 | -183 226.40 | -0.01 |
| USD | 89 573 569.00 | EUR | 82 340 000.00 | 24.6.2020 | -2 060 348.05 | -0.10 |
| USD | 675 794.40 | CAD | 950 000.00 | 24.6.2020 | -11 526.25 | 0.00 |
| CHF | 300 000.00 | USD | 308 638.17 | 24.6.2020 | 3 846.64 | 0.00 |
| JPY | 75 000 000.00 | USD | 703 811.00 | 24.6.2020 | -7 429.58 | 0.00 |
| USD | 865 114.89 | CAD | 1 200 000.00 | 24.6.2020 | -3 079.62 | 0.00 |
| USD | 1 089 637.00 | EUR | 1 000 000.00 | 24.6.2020 | -23 235.44 | 0.00 |
| USD | 3 468 555.75 | GBP | 2 750 000.00 | 24.6.2020 | 68 395.03 | 0.00 |
| USD | 623 589.13 | CHF | 600 000.00 | 24.6.2020 | -1 380.49 | 0.00 |
| USD | 1 301 875.56 | EUR | 1 200 000.00 | 24.6.2020 | -33 571.37 | 0.00 |
| USD | 3 953 426.86 | JPY | 424 500 000.00 | 22.7.2020 | 10 175.52 | 0.00 |
| USD | 999 624.78 | AUD | 1 540 000.00 | 22.7.2020 | -22 629.11 | 0.00 |
| USD | 7 175 423.21 | GBP | 5 810 000.00 | 22.7.2020 | -9 009.33 | 0.00 |
| USD | 36 763 246.69 | CAD | 51 500 000.00 | 22.7.2020 | -496 957.12 | -0.02 |
| USD | 176 507.55 | SGD | 250 000.00 | 22.7.2020 | -399.73 | 0.00 |
| USD | 1 353 556.93 | HKD | 10 500 000.00 | 22.7.2020 | 540.92 | 0.00 |
| USD | 32 635 878.02 | CHF | 31 660 000.00 | 22.7.2020 | -368 932.71 | -0.02 |
| USD | 126 655 648.58 | EUR | 116 895 461.98 | 22.7.2020 | -3 512 014.65 | -0.17 |
| CAD | 55 222 100.00 | USD | 39 311 898.51 | 23.6.2020 | 640 929.70 | 0.03 |
| CAD | 2 000 000.00 | USD | 1 421 957.30 | 22.7.2020 | 25 040.91 | 0.00 |
| CAD | 2 000 000.00 | USD | 1 421 800.61 | 24.6.2020 | 25 190.24 | 0.00 |
| EUR | 2 500 000.00 | USD | 2 710 830.00 | 24.6.2020 | 71 351.11 | 0.00 |
| EUR | 2 500 000.00 | USD | 2 712 487.50 | 22.7.2020 | 71 360.16 | 0.00 |
| AUD | 72 017 000.00 | USD | 46 413 926.66 | 23.6.2020 | 1 391 738.11 | 0.07 |
| SEK | 141 369 600.00 | USD | 14 365 249.38 | 23.6.2020 | 647 582.39 | 0.03 |
| SGD | 80 315 300.00 | USD | 56 305 111.36 | 23.6.2020 | 521 936.05 | 0.02 |
| EUR | 280 649 300.00 | USD | 303 324 360.19 | 23.6.2020 | 8 983 565.78 | 0.45 |
| GBP | 52 992 200.00 | USD | 64 196 436.23 | 23.6.2020 | 1 323 428.69 | 0.06 |
| CHF | 270 988 200.00 | USD | 278 914 676.18 | 23.6.2020 | 3 327 458.26 | 0.16 |
| USD | 1 807 037.10 | EUR | 1 650 000.00 | 22.7.2020 | -30 302.35 | 0.00 |
| USD | 1 805 936.55 | EUR | 1 650 000.00 | 24.6.2020 | -30 302.98 | 0.00 |
| USD | 2 609 875.74 | EUR | 2 372 500.00 | 23.6.2020 | -30 253.97 | 0.00 |
| USD | 2 429 898.60 | CAD | 3 373 800.00 | 23.6.2020 | -11 023.64 | 0.00 |
| USD | 973 045.54 | EUR | 888 000.00 | 23.6.2020 | -15 125.24 | 0.00 |
| USD | 917 726.15 | EUR | 841 800.00 | 23.6.2020 | -19 033.04 | 0.00 |
| USD | 439 891.14 | SGD | 626 500.00 | 23.6.2020 | -3 388.60 | 0.00 |
| USD | 1 755 161.60 | EUR | 1 600 000.00 | 22.7.2020 | -26 500.90 | 0.00 |
| USD | 1 754 116.80 | EUR | 1 600 000.00 | 24.6.2020 | -26 479.11 | 0.00 |
| USD | 758 536.63 | CHF | 735 600.00 | 23.6.2020 | -7 612.28 | 0.00 |
| SGD | 1 855 000.00 | USD | 1 307 505.58 | 23.6.2020 | 4 998.67 | 0.00 |
| CAD | 1 228 000.00 | USD | 892 272.23 | 23.6.2020 | -3 822.26 | 0.00 |
| AUD | 1 630 100.00 | USD | 1 077 667.26 | 23.6.2020 | 4 410.78 | 0.00 |
| SEK | 3 149 100.00 | USD | 327 977.31 | 23.6.2020 | 6 443.30 | 0.00 |
| USD | 2 041 018.05 | EUR | 1 850 000.00 | 22.7.2020 | -19 029.22 | 0.00 |
| USD | 2 039 798.90 | EUR | 1 850 000.00 | 24.6.2020 | -19 015.12 | 0.00 |
| USD | 1 543 787.67 | EUR | 1 396 600.00 | 23.6.2020 | -10 355.70 | 0.00 |
| USD | 3 359 888.90 | JPY | 360 000 000.00 | 24.6.2020 | 17 258.10 | 0.00 |
| USD | 3 361 507.75 | JPY | 360 000 000.00 | 22.7.2020 | 17 407.67 | 0.00 |
| USD | 1 333 498.80 | EUR | 1 200 000.00 | 22.7.2020 | -2 748.08 | 0.00 |
| USD | 1 332 692.40 | EUR | 1 200 000.00 | 24.6.2020 | -2 754.53 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | 9 313 753.29 | 0.46 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 144 974 078.24 | 7.21 |
| Bank overdraft and other short-term liabilities | -1 566 860.71 | -0.08 |
| Other assets and liabilities | 16 400 619.37 | 0.82 |
| Total net assets | 2 011 788 426.80 | 100.00 |

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

Translation (ENDE, 2020-05-31):
# UBS (Lux) Strategy SICAV
– Systematic Allocation Portfolio Medium (USD)
| Dreijahresvergleich |  |
| --- | --- |
|  | ISIN | 31.5.2020 | 31.5.2019 | 31.5.2018 |
| Nettovermögen in USD |  | 2 011 788 426.80 | 2 120 118 601.72 | 1 848 301 354.25 |
| Klasse K-1-4%-mdist | LU1717044132 |  |  |  |
| Aktien im Umlauf |  | 6.8000 | 5.3000 | 0.8000 |
| Nettoinventarwert pro Aktie in USD |  | 4 659 950.74 | 4 899 382.39 | 4 991 201.65 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 4 659 950.74 | 4 899 382.39 | 4 987 208.69 |
| Klasse (EUR hedged) K-1-4%-mdist | LU1629324036 |  |  |  |
| Aktien im Umlauf |  | 0.1000 | 3.5000 | 3.3000 |
| Nettoinventarwert pro Aktie in EUR |  | 2 666 513.90 | 2 871 542.99 | 3 012 918.24 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 2 666 513.90 | 2 871 542.99 | 3 010 507.91 |
| Klasse K-1-acc | LU1616912835 |  |  |  |
| Aktien im Umlauf |  | 22.5000 | 20.9000 | 27.1000 |
| Nettoinventarwert pro Aktie in USD |  | 5 319 709.70 | 5 373 622.91 | 5 258 801.82 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 5 319 709.70 | 5 373 622.91 | 5 254 594.78 |
| Klasse (CHF hedged) K-1-acc 2 | LU1622991237 |  |  |  |
| Aktien im Umlauf |  | - | 0.7000 | 0.8000 |
| Nettoinventarwert pro Aktie in CHF |  | - | 5 076 001.00 | 5 132 791.75 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | - | 5 076 001.00 | 5 128 685.52 |
| Klasse (EUR hedged) K-1-acc | LU1622991153 |  |  |  |
| Aktien im Umlauf |  | 3.4000 | 4.7000 | 2.9000 |
| Nettoinventarwert pro Aktie in EUR |  | 2 984 785.19 | 3 087 926.94 | 3 112 505.75 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 2 984 785.19 | 3 087 926.94 | 3 110 015.75 |
| Klasse P-4%-mdist | LU1599187181 |  |  |  |
| Aktien im Umlauf |  | 1 805 880.7630 | 2 117 416.0230 | 2 207 988.1100 |
| Nettoinventarwert pro Aktie in USD |  | 94.07 | 99.32 | 101.61 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 94.07 | 99.32 | 101.53 |
| Klasse (HKD) P-4%-mdist | LU1647379426 |  |  |  |
| Aktien im Umlauf |  | 339 434.5040 | 462 432.4010 | 826 929.1100 |
| Nettoinventarwert pro Aktie in HKD |  | 923.49 | 986.79 | 1 010.46 |
| Ausgabe- und Rücknahmepreis pro Aktie in HKD 1 |  | 923.49 | 986.79 | 1 009.65 |
| Klasse P-acc | LU1599186969 |  |  |  |
| Aktien im Umlauf |  | 5 432 559.8130 | 5 559 346.9120 | 5 282 863.6010 |
| Nettoinventarwert pro Aktie in USD |  | 105.57 | 107.15 | 105.36 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 105.57 | 107.15 | 105.28 |
| Klasse (HKD) P-acc | LU1603467017 |  |  |  |
| Aktien im Umlauf |  | 426 426.3760 | 555 478.3460 | 602 930.7880 |
| Nettoinventarwert pro Aktie in HKD |  | 1 050.14 | 1 078.16 | 1 060.69 |
| Ausgabe- und Rücknahmepreis pro Aktie in HKD 1 |  | 1 050.14 | 1 078.16 | 1 059.84 |
| Klasse (AUD hedged) P-acc | LU1603467363 |  |  |  |
| Aktien im Umlauf |  | 711 040.5270 | 595 848.9110 | 444 770.4440 |
| Nettoinventarwert pro Aktie in AUD |  | 103.83 | 106.94 | 105.50 |
| Ausgabe- und Rücknahmepreis pro Aktie in AUD 1 |  | 103.83 | 106.94 | 105.42 |
| Klasse (CAD hedged) P-acc | LU1603467108 |  |  |  |
| Aktien im Umlauf |  | 414 456.8890 | 448 319.5320 | 352 885.4540 |
| Nettoinventarwert pro Aktie in CAD |  | 103.28 | 105.65 | 104.73 |
| Ausgabe- und Rücknahmepreis pro Aktie in CAD 1 |  | 103.28 | 105.65 | 104.65 |
| Klasse (CHF hedged) P-acc | LU1599187264 |  |  |  |
| Aktien im Umlauf |  | 2 107 701.4960 | 2 077 072.9020 | 1 056 850.3320 |
| Nettoinventarwert pro Aktie in CHF |  | 96.76 | 101.12 | 102.75 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 96.76 | 101.12 | 102.67 |
| Klasse (EUR hedged) P-acc | LU1599187421 |  |  |  |
| Aktien im Umlauf |  | 1 841 710.8150 | 2 149 396.9750 | 1 910 539.4430 |
| Nettoinventarwert pro Aktie in EUR |  | 97.99 | 101.87 | 103.17 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 97.99 | 101.87 | 103.09 |
| Klasse (GBP hedged) P-acc | LU1611257418 |  |  |  |
| Aktien im Umlauf |  | 433 832.9910 | 346 984.7990 | 177 943.8080 |
| Nettoinventarwert pro Aktie in GBP |  | 100.81 | 104.04 | 104.15 |
| Ausgabe- und Rücknahmepreis pro Aktie in GBP 1 |  | 100.81 | 104.04 | 104.07 |
| Klasse (SGD hedged) P-acc | LU1599187777 |  |  |  |
| Aktien im Umlauf |  | 480 359.5110 | 436 591.7930 | 564 055.1380 |
| Nettoinventarwert pro Aktie in SGD |  | 103.67 | 105.87 | 104.80 |
| Ausgabe- und Rücknahmepreis pro Aktie in SGD 1 |  | 103.67 | 105.87 | 104.72 |
| Klasse Q-4%-mdist 3 | LU1895574181 |  |  |  |
| Aktien im Umlauf |  | 250 295.3380 | 179 020.0620 | - |
| Nettoinventarwert pro Aktie in USD |  | 97.33 | 102.01 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 97.33 | 102.01 | - |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
|  | ISIN | 31.5.2020 |  | 31.5.2019 | 31.5.2018 |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
| Klasse (HKD) Q-4%-mdist 4 | LU1891428119 |  |  |  |  |
| Aktien im Umlauf |  | 63 906.8490 |  | 80 633.6330 | - |
| Nettoinventarwert pro Aktie in HKD |  | 962.66 |  | 1 021.00 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in HKD 1 |  | 962.66 |  | 1 021.00 | - |
| Klasse Q-acc | LU1599187009 |  |  |  |  |
| Aktien im Umlauf |  | 1 444 940.2410 | 1 | 172 458.7630 | 523 933.5920 |
| Nettoinventarwert pro Aktie in USD |  | 107.96 |  | 108.76 | 106.16 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 107.96 |  | 108.76 | 106.08 |
| Klasse (HKD) Q-acc 4 | LU1891428465 |  |  |  |  |
| Aktien im Umlauf |  | 9 399.5640 |  | 16 415.1520 | - |
| Nettoinventarwert pro Aktie in HKD |  | 1 021.40 |  | 1 040.84 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in HKD 1 |  | 1 021.40 |  | 1 040.84 | - |
| Klasse (CAD hedged) Q-acc 3 | LU1891428895 |  |  |  |  |
| Aktien im Umlauf |  | 101 986.0830 |  | 63 607.7480 | - |
| Nettoinventarwert pro Aktie in CAD |  | 101.94 |  | 103.50 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in CAD 1 |  | 101.94 |  | 103.50 | - |
| Klasse (CHF hedged) Q-acc | LU1599187348 |  |  |  |  |
| Aktien im Umlauf |  | 736 363.2800 |  | 776 353.9840 | 504 840.5020 |
| Nettoinventarwert pro Aktie in CHF |  | 98.96 |  | 102.66 | 103.53 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 98.96 |  | 102.66 | 103.45 |
| Klasse (EUR hedged) Q-acc | LU1599187694 |  |  |  |  |
| Aktien im Umlauf |  | 909 507.0590 |  | 940 295.5580 | 759 318.9420 |
| Nettoinventarwert pro Aktie in EUR |  | 100.21 |  | 103.41 | 103.94 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 100.21 |  | 103.41 | 103.86 |
| Klasse (GBP hedged) Q-acc | LU1616912595 |  |  |  |  |
| Aktien im Umlauf |  | 99 035.6990 |  | 81 089.3390 | 57 729.8840 |
| Nettoinventarwert pro Aktie in GBP |  | 102.81 |  | 105.32 | 104.64 |
| Ausgabe- und Rücknahmepreis pro Aktie in GBP 1 |  | 102.81 |  | 105.32 | 104.56 |
| Klasse (SEK hedged) Q-acc | LU1599187850 |  |  |  |  |
| Aktien im Umlauf |  | 207 833.1350 |  | 278 937.2570 | 294 961.8500 |
| Nettoinventarwert pro Aktie in SEK |  | 697.51 |  | 718.69 | 721.30 |
| Ausgabe- und Rücknahmepreis pro Aktie in SEK 1 |  | 697.51 |  | 718.69 | 720.72 |
| Klasse (SGD hedged) Q-acc 3 | LU1891428036 |  |  |  |  |
| Aktien im Umlauf |  | 313 436.1660 |  | 220 008.7610 | - |
| Nettoinventarwert pro Aktie in SGD |  | 102.17 |  | 103.57 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in SGD 1 |  | 102.17 |  | 103.57 | - |
| 1  Siehe Erläuterung 1 2  Für die Periode vom 12.6.2017 bis zum 9.3.2020 war die Aktienklasse 3  Erste NAV 5.11.2018 4  Erste NAV 6.11.2018 | (CHF hedged) K-1-acc im Umlauf |  |  |  |  |
| Performance |  |  |  |  |  |
|  |  | Währung | 2019/2020 | 2018/2019 | 2017/2018 |
| Klasse K-1-4%-mdist |  | USD | -1.0% | 2.3% | - |
| Klasse (EUR hedged) K-1-4%-mdist |  | EUR | -3.3% | -0.7% | - |
| Klasse K-1-acc |  | USD | -1.0% | 2.3% | - |
| Klasse (CHF hedged) K-1-acc 1 |  | CHF | - | -1.0% | - |
| Klasse (EUR hedged) K-1-acc |  | EUR | -3.3% | -0.7% | - |
| Klasse P-4%-mdist |  | USD | -1.5% | 1.8% | 5.3% |
| Klasse (HKD) P-4%-mdist |  | HKD | -2.6% | 1.7% | - |
| Klasse P-acc |  | USD | -1.5% | 1.8% | 5.3% |
| Klasse (HKD) P-acc |  | HKD | -2.6% | 1.7% | 6.0% |
| Klasse (AUD hedged) P-acc |  | AUD | -2.9% | 1.4% | 5.4% |
| Klasse (CAD hedged) P-acc |  | CAD | -2.2% | 1.0% | 4.7% |
| Klasse (CHF hedged) P-acc |  | CHF | -4.3% | -1.5% | 2.7% |
| Klasse (EUR hedged) P-acc |  | EUR | -3.8% | -1.2% | 3.1% |
| Klasse (GBP hedged) P-acc |  | GBP | -3.1% | -0.0% | 4.1% |
| Klasse (SGD hedged) P-acc |  | SGD | -2.1% | 1.1% | 4.7% |
| Klasse Q-4%-mdist |  | USD | -0.7% | - | - |
| Klasse (HKD) Q-4%-mdist |  | HKD | -1.9% | - | - |
| Klasse Q-acc |  | USD | -0.7% | 2.5% | 6.1% |
| Klasse (HKD) Q-acc |  | HKD | -1.9% | - | - |
| Klasse (CAD hedged) Q-acc |  | CAD | -1.5% | - | - |
| Klasse (CHF hedged) Q-acc |  | CHF | -3.6% | -0.8% | 3.5% |
| Klasse (EUR hedged) Q-acc |  | EUR | -3.1% | -0.4% | 3.9% |
| Klasse (GBP hedged) Q-acc |  | GBP | -2.4% | 0.7% | - |
| Klasse (SEK hedged) Q-acc |  | SEK | -2.9% | -0.3% | - |
| Klasse (SGD hedged) Q-acc |  | SGD | -1.4% | - | - |

1 
Für die Periode vom 12.6.2017 bis zum 9.3.2020 war die Aktienklasse (CHF hedged) K-1-acc im Umlauf. Auf Grund dessen liegen keine Daten für die Berechnung der Performance im Jahr 2020 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) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020

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

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
Luxemburg	35.83
| Irland | 22.61 |
| --- | --- |
| Vereinigte Staaten | 11.22 |
| Kanada | 4.34 |
| Japan | 3.34 |
| Schweiz | 3.09 |
| Frankreich | 2.68 |
| Deutschland | 2.64 |
| Grossbritannien | 2.08 |
| Niederlande | 1.62 |
| Südkorea | 0.97 |
| Philippinen | 0.75 |
| Australien | 0.61 |
| Spanien | 0.56 |
| Italien | 0.45 |
| Kuwait | 0.33 |
| Finnland | 0.32 |
| Vereinigte Arabische Emirate | 0.30 |
| Katar | 0.27 |
| Norwegen | 0.25 |
| Supranational | 0.21 |
| Belgien | 0.20 |
| Singapur | 0.18 |
| Schweden | 0.11 |
| Saudiarabia | 0.11 |
| Jersey | 0.10 |
| Cayman-Inseln | 0.08 |
| Österreich | 0.07 |
| Neuseeland | 0.05 |
| Portugal | 0.04 |
| Britische Jungferninseln | 0.04 |
| Dänemark | 0.02 |
| Isle of Man | 0.01 |
| Total | 95.48 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Anlagefonds | 54.25 |
| --- | --- |
| Finanz- & Beteiligungsgesellschaften | 7.09 |
| Länder- & Zentralregierungen | 5.38 |
| Banken & Kreditinstitute | 4.52 |
| Pharmazeutik, Kosmetik & medizinische Produkte | 2.73 |
| Supranationale Organisationen | 2.49 |
| Internet, Software & IT-Dienste | 1.79 |
| Erdöl | 1.64 |
| Kantone, Bundesstaaten | 1.11 |
| Nahrungsmittel & Softdrinks | 1.09 |
| Energie- & Wasserversorgung | 1.08 |
| Elektronik & Halbleiter | 0.99 |
| Detailhandel, Warenhäuser | 0.91 |
| Chemie | 0.88 |
| Versicherungen | 0.85 |
| Computer & Netzwerkausrüster | 0.83 |
| Diverse Dienstleistungen | 0.76 |
| Telekommunikation | 0.70 |
| Verkehr & Transport | 0.62 |
| Tabak & alkoholische Getränke | 0.60 |
| Fahrzeuge | 0.58 |
| Baugewerbe & Baumaterial | 0.46 |
| Textilien, Kleidung & Lederwaren | 0.42 |
| Diverse Konsumgüter | 0.39 |
| Immobilien | 0.38 |
| Elektrische Geräte & Komponenten | 0.37 |
| Maschinen & Apparate | 0.31 |
| Grafisches Gewerbe, Verlage & Medien | 0.22 |
| Bergbau, Kohle & Stahl | 0.21 |
| Biotechnologie | 0.21 |
| Edelmetalle und -steine | 0.21 |
| Öffentlich-rechtliche Körperschaften | 0.18 |
| Flugzeug- & Raumfahrtindustrie | 0.16 |
| Diverse Investitionsgüter | 0.15 |
| Pfandbriefinstitute & Refinanzierungsgesellschaften | 0.14 |
| Nichteisenmetalle | 0.14 |
| Diverse Handelsfirmen | 0.13 |
| Gastgewerbe & Freizeit | 0.12 |
| Uhren & Schmuck | 0.09 |
| Forstwirtschaft, Holz & Papier | 0.08 |
| Gummi & Reifen | 0.07 |
| Landwirtschaft & Fischerei | 0.05 |
| Diverse nicht klassierte Gesellschaften | 0.05 |
| Gesundheits- & Sozialwesen | 0.03 |
| Photo & Optik | 0.02 |
| Total | 95.48 |


## Nettovermögensaufstellung
Aktiva	31.5.2020
USD
Wertpapierbestand, Einstandswert	1 855 632 198.23
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	65 286 120.59	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 1 920 918 318.82 |
| Bankguthaben, Sicht- und Fristgelder | 7 682 087.96 |
| Andere liquide Mittel (Margins) | 137 291 990.28 |
| Forderungen aus Wertpapierverkäufen (Erläuterung 1) | 18 840 534.30 |
| Forderungen aus Zeichnungen | 541 697.41 |
| Zinsforderungen aus Wertpapieren | 1 925 618.91 |
| Forderungen aus Dividenden | 975 450.02 |
| Sonstige Forderungen | 357 321.32 |
| Nicht realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten (Erläuterung 1) | -78 251 482.21 |
| Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1) | 9 313 753.29 |
| Total Aktiva | 2 019 595 290.10 |
|  |  |
| Passiva |  |
| Kontokorrentkredit | -1 566 860.71 |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -3 261 106.35 |
| Verbindlichkeiten aus Rücknahmen | -1 522 392.53 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -1 018 518.15 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -105 331.22 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-332 654.34	 |
| Total Rückstellungen für Aufwendungen | -1 456 503.71 |
| Total Passiva | -7 806 863.30 |
|  |  |
| Nettovermögen am Ende des Geschäftsjahres | 2 011 788 426.80 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 1.6.2019-31.5.2020 |
| Zinsertrag auf liquide Mittel | 527 850.43 |
| Zinsen auf Wertpapiere | 11 107 300.46 |
| Dividenden | 8 704 031.52 |
| Erträge aus Securities Lending (Erläuterung 15) | 613 772.48 |
| Sonstige Erträge (Erläuterung 4) | 482 248.85 |
| Total Erträge | 21 435 203.74 |
|  |  |
| Aufwendungen |  |
| Kosten aus Securities Lending (Erläuterung 15) | -245 508.99 |
| Pauschale Verwaltungskommission (Erläuterung 2) | -29 247 150.20 |
| Abonnementsabgabe (Erläuterung 3) | -722 911.37 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -456 804.01 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -109 440.19 |
| Total Aufwendungen | -30 781 814.76 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | -9 346 611.02 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 56 844 813.96 |
| Realisierter Kursgewinn (-verlust) aus renditebewerteten Wertpapieren und Geldmarktinstrumenten | 148 786.97 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | -40 324 554.08 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | -40 883 964.72 |
| Realisierter Kursgewinn (-verlust) aus Swaps | -12.80 |
| Realisierter Währungsgewinn (-verlust) | 30 877 718.23 |
| Total der realisierten Gewinne (Verluste) | 6 662 787.56 |
|  |  |
| Realisierter Nettogewinn (-verlust) des Geschäftsjahres | -2 683 823.46 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 15 601 790.61 |
| Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente | 42 744.83 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | -70 530 943.28 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | 1 872 711.73 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | -53 013 696.11 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | -55 697 519.57 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-31.5.2020 |
| Nettovermögen zu Beginn des Geschäftsjahres | 2 120 118 601.72 |
| Zeichnungen | 600 086 921.57 |
| Rücknahmen | 	-639 385 103.55	 |
| Total Mittelzufluss (-abfluss) | -39 298 181.98 |
| Ausbezahlte Dividende | -13 334 473.37 |
| Nettoerträge (-verluste) aus Anlagen | -9 346 611.02 |
| Total der realisierten Gewinne (Verluste) | 6 662 787.56 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	-53 013 696.11	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | -55 697 519.57 |
| Nettovermögen am Ende des Geschäftsjahres | 2 011 788 426.80 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2019-31.5.2020 |
| Klasse | K-1-4%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 5.3000 |
| Anzahl der ausgegebenen Aktien | 2.3000 |
| Anzahl der zurückgegebenen Aktien | -0.8000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 6.8000 |
| Klasse | (EUR hedged) K-1-4%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 3.5000 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -3.4000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 0.1000 |
| Klasse | K-1-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 20.9000 |
| Anzahl der ausgegebenen Aktien | 2.0000 |
| Anzahl der zurückgegebenen Aktien | -0.4000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 22.5000 |
| Klasse | (CHF hedged) K-1-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.7000 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -0.7000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 0.0000 |
| Klasse | (EUR hedged) K-1-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 4.7000 |
| Anzahl der ausgegebenen Aktien | 1.9000 |
| Anzahl der zurückgegebenen Aktien | -3.2000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 3.4000 |
| Klasse | P-4%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 2 117 416.0230 |
| Anzahl der ausgegebenen Aktien | 520 919.8750 |
| Anzahl der zurückgegebenen Aktien | -832 455.1350 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 1 805 880.7630 |
| Klasse | (HKD) P-4%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 462 432.4010 |
| Anzahl der ausgegebenen Aktien | 57 767.6860 |
| Anzahl der zurückgegebenen Aktien | -180 765.5830 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 339 434.5040 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 5 559 346.9120 |
| Anzahl der ausgegebenen Aktien | 1 417 936.7930 |
| Anzahl der zurückgegebenen Aktien | -1 544 723.8920 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 5 432 559.8130 |
| Klasse | (HKD) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 555 478.3460 |
| Anzahl der ausgegebenen Aktien | 27 209.3400 |
| Anzahl der zurückgegebenen Aktien | -156 261.3100 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 426 426.3760 |
| Klasse | (AUD hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 595 848.9110 |
| Anzahl der ausgegebenen Aktien | 219 830.6230 |
| Anzahl der zurückgegebenen Aktien | -104 639.0070 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 711 040.5270 |
| Klasse | (CAD hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 448 319.5320 |
| Anzahl der ausgegebenen Aktien | 39 332.4130 |
| Anzahl der zurückgegebenen Aktien | -73 195.0560 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 414 456.8890 |
| Klasse | (CHF hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 2 077 072.9020 |
| Anzahl der ausgegebenen Aktien | 364 540.8530 |
| Anzahl der zurückgegebenen Aktien | -333 912.2590 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 2 107 701.4960 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
| Klasse | (EUR hedged) P-acc |
| --- | --- |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 2 149 396.9750 |
| Anzahl der ausgegebenen Aktien | 620 525.9290 |
| Anzahl der zurückgegebenen Aktien | -928 212.0890 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 1 841 710.8150 |
| Klasse | (GBP hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 346 984.7990 |
| Anzahl der ausgegebenen Aktien | 239 412.0060 |
| Anzahl der zurückgegebenen Aktien | -152 563.8140 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 433 832.9910 |
| Klasse | (SGD hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 436 591.7930 |
| Anzahl der ausgegebenen Aktien | 127 544.7780 |
| Anzahl der zurückgegebenen Aktien | -83 777.0600 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 480 359.5110 |
| Klasse | Q-4%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 179 020.0620 |
| Anzahl der ausgegebenen Aktien | 174 679.5180 |
| Anzahl der zurückgegebenen Aktien | -103 404.2420 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 250 295.3380 |
| Klasse | (HKD) Q-4%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 80 633.6330 |
| Anzahl der ausgegebenen Aktien | 35 808.4500 |
| Anzahl der zurückgegebenen Aktien | -52 535.2340 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 63 906.8490 |
| Klasse | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 1 172 458.7630 |
| Anzahl der ausgegebenen Aktien | 672 963.0040 |
| Anzahl der zurückgegebenen Aktien | -400 481.5260 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 1 444 940.2410 |
| Klasse | (HKD) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 16 415.1520 |
| Anzahl der ausgegebenen Aktien | 1 760.9080 |
| Anzahl der zurückgegebenen Aktien | -8 776.4960 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 9 399.5640 |
| Klasse | (CAD hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 63 607.7480 |
| Anzahl der ausgegebenen Aktien | 87 452.7540 |
| Anzahl der zurückgegebenen Aktien | -49 074.4190 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 101 986.0830 |
| Klasse | (CHF hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 776 353.9840 |
| Anzahl der ausgegebenen Aktien | 147 129.8300 |
| Anzahl der zurückgegebenen Aktien | -187 120.5340 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 736 363.2800 |
| Klasse | (EUR hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 940 295.5580 |
| Anzahl der ausgegebenen Aktien | 261 431.2210 |
| Anzahl der zurückgegebenen Aktien | -292 219.7200 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 909 507.0590 |
| Klasse | (GBP hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 81 089.3390 |
| Anzahl der ausgegebenen Aktien | 46 818.9050 |
| Anzahl der zurückgegebenen Aktien | -28 872.5450 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 99 035.6990 |
| Klasse | (SEK hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 278 937.2570 |
| Anzahl der ausgegebenen Aktien | 16 934.5500 |
| Anzahl der zurückgegebenen Aktien | -88 038.6720 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 207 833.1350 |
| Klasse | (SGD hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 220 008.7610 |
| Anzahl der ausgegebenen Aktien | 190 479.5800 |
| Anzahl der zurückgegebenen Aktien | -97 052.1750 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 313 436.1660 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
| Monatliche Ausschüttung 1 |  |
| --- | --- |
| UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium | (USD)  Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| K-1-4%-mdist | 11.6.2019 | 14.6.2019 | USD | 16 331.27 |
| K-1-4%-mdist | 10.7.2019 | 15.7.2019 | USD | 16 759.08 |
| K-1-4%-mdist | 12.8.2019 | 16.8.2019 | USD | 16 841.60 |
| K-1-4%-mdist | 10.9.2019 | 13.9.2019 | USD | 16 596.01 |
| K-1-4%-mdist | 10.10.2019 | 15.10.2019 | USD | 16 557.94 |
| K-1-4%-mdist | 11.11.2019 | 14.11.2019 | USD | 16 560.69 |
| K-1-4%-mdist | 10.12.2019 | 13.12.2019 | USD | 16 783.46 |
| K-1-4%-mdist | 10.1.2020 | 15.1.2020 | USD | 17 022.10 |
| K-1-4%-mdist | 10.2.2020 | 13.2.2020 | USD | 16 957.63 |
| K-1-4%-mdist | 10.3.2020 | 13.3.2020 | USD | 16 033.14 |
| K-1-4%-mdist | 14.4.2020 | 17.4.2020 | USD | 15 093.21 |
| K-1-4%-mdist | 11.5.2020 | 14.5.2020 | USD | 15 363.07 |
| (EUR hedged) K-1-4%-mdist | 11.6.2019 | 14.6.2019 | EUR | 9 571.80 |
| (EUR hedged) K-1-4%-mdist | 10.7.2019 | 15.7.2019 | EUR | 9 797.96 |
| (EUR hedged) K-1-4%-mdist | 12.8.2019 | 16.8.2019 | EUR | 9 823.96 |
| (EUR hedged) K-1-4%-mdist | 10.9.2019 | 13.9.2019 | EUR | 9 657.22 |
| (EUR hedged) K-1-4%-mdist | 10.10.2019 | 15.10.2019 | EUR | 9 614.68 |
| (EUR hedged) K-1-4%-mdist | 11.11.2019 | 14.11.2019 | EUR | 9 593.24 |
| (EUR hedged) K-1-4%-mdist | 10.12.2019 | 13.12.2019 | EUR | 9 705.67 |
| (EUR hedged) K-1-4%-mdist | 10.1.2020 | 15.1.2020 | EUR | 9 816.55 |
| (EUR hedged) K-1-4%-mdist | 10.2.2020 | 13.2.2020 | EUR | 9 761.71 |
| (EUR hedged) K-1-4%-mdist | 10.3.2020 | 13.3.2020 | EUR | 9 223.60 |
| (EUR hedged) K-1-4%-mdist | 14.4.2020 | 17.4.2020 | EUR | 8 656.58 |
| (EUR hedged) K-1-4%-mdist | 11.5.2020 | 14.5.2020 | EUR | 8 800.92 |
| P-4%-mdist | 11.6.2019 | 14.6.2019 | USD | 0.33 |
| P-4%-mdist | 10.7.2019 | 15.7.2019 | USD | 0.33 |
| P-4%-mdist | 12.8.2019 | 16.8.2019 | USD | 0.34 |
| P-4%-mdist | 10.9.2019 | 13.9.2019 | USD | 0.33 |
| P-4%-mdist | 10.10.2019 | 15.10.2019 | USD | 0.33 |
| P-4%-mdist | 11.11.2019 | 14.11.2019 | USD | 0.33 |
| P-4%-mdist | 10.12.2019 | 13.12.2019 | USD | 0.33 |
| P-4%-mdist | 10.1.2020 | 15.1.2020 | USD | 0.34 |
| P-4%-mdist | 10.2.2020 | 13.2.2020 | USD | 0.34 |
| P-4%-mdist | 10.3.2020 | 13.3.2020 | USD | 0.32 |
| P-4%-mdist | 14.4.2020 | 17.4.2020 | USD | 0.30 |
| P-4%-mdist | 11.5.2020 | 14.5.2020 | USD | 0.31 |
| (HKD) P-4%-mdist | 11.6.2019 | 14.6.2019 | HKD | 3.28 |
| (HKD) P-4%-mdist | 10.7.2019 | 15.7.2019 | HKD | 3.36 |
| (HKD) P-4%-mdist | 12.8.2019 | 16.8.2019 | HKD | 3.38 |
| (HKD) P-4%-mdist | 10.9.2019 | 13.9.2019 | HKD | 3.33 |
| (HKD) P-4%-mdist | 10.10.2019 | 15.10.2019 | HKD | 3.32 |
| (HKD) P-4%-mdist | 11.11.2019 | 14.11.2019 | HKD | 3.32 |
| (HKD) P-4%-mdist | 10.12.2019 | 13.12.2019 | HKD | 3.36 |
| (HKD) P-4%-mdist | 10.1.2020 | 15.1.2020 | HKD | 3.39 |
| (HKD) P-4%-mdist | 10.2.2020 | 13.2.2020 | HKD | 3.37 |
| (HKD) P-4%-mdist | 10.3.2020 | 13.3.2020 | HKD | 3.19 |
| (HKD) P-4%-mdist | 14.4.2020 | 17.4.2020 | HKD | 2.99 |
| (HKD) P-4%-mdist | 11.5.2020 | 14.5.2020 | HKD | 3.04 |
| Q-4%-mdist | 11.6.2019 | 14.6.2019 | USD | 0.34 |
| Q-4%-mdist | 10.7.2019 | 15.7.2019 | USD | 0.34 |
| Q-4%-mdist | 12.8.2019 | 16.8.2019 | USD | 0.35 |
| Q-4%-mdist | 10.9.2019 | 13.9.2019 | USD | 0.34 |
| Q-4%-mdist | 10.10.2019 | 15.10.2019 | USD | 0.34 |
| Q-4%-mdist | 11.11.2019 | 14.11.2019 | USD | 0.34 |
| Q-4%-mdist | 10.12.2019 | 13.12.2019 | USD | 0.35 |
| Q-4%-mdist | 10.1.2020 | 15.1.2020 | USD | 0.35 |
| Q-4%-mdist | 10.2.2020 | 13.2.2020 | USD | 0.35 |
| Q-4%-mdist | 10.3.2020 | 13.3.2020 | USD | 0.33 |
| Q-4%-mdist | 14.4.2020 | 17.4.2020 | USD | 0.31 |
| Q-4%-mdist | 11.5.2020 | 14.5.2020 | USD | 0.32 |
| (HKD) Q-4%-mdist | 11.6.2019 | 14.6.2019 | HKD | 3.40 |
| (HKD) Q-4%-mdist | 10.7.2019 | 15.7.2019 | HKD | 3.48 |
| (HKD) Q-4%-mdist | 12.8.2019 | 16.8.2019 | HKD | 3.50 |
| (HKD) Q-4%-mdist | 10.9.2019 | 13.9.2019 | HKD | 3.45 |
| (HKD) Q-4%-mdist | 10.10.2019 | 15.10.2019 | HKD | 3.45 |
| (HKD) Q-4%-mdist | 11.11.2019 | 14.11.2019 | HKD | 3.45 |
| (HKD) Q-4%-mdist | 10.12.2019 | 13.12.2019 | HKD | 3.49 |
| (HKD) Q-4%-mdist | 10.1.2020 | 15.1.2020 | HKD | 3.53 |
| (HKD) Q-4%-mdist | 10.2.2020 | 13.2.2020 | HKD | 3.50 |
| (HKD) Q-4%-mdist | 10.3.2020 | 13.3.2020 | HKD | 3.32 |
| (HKD) Q-4%-mdist | 14.4.2020 | 17.4.2020 | HKD | 3.11 |
| (HKD) Q-4%-mdist | 11.5.2020 | 14.5.2020 | HKD | 3.17 |
| 1  Siehe Erläuterung 5 |  |  |  |  |

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

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 31. Mai 2020
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Inhaberaktien |  |  |  |
| Österreich |  |  |  |
| EUR	ANDRITZ AG NPV(BR) | 2 440.00 | 91 574.88 | 0.00 |
| EUR	ERSTE GROUP BK AG NPV | 10 745.00 | 236 235.25 | 0.01 |
| EUR	OMV AG NPV(VAR) | 5 470.00 | 180 832.96 | 0.01 |
| EUR	RAIFFEISEN BK INTL NPV (REGD) | 5 630.00 | 103 582.25 | 0.01 |
| EUR	VERBUND AG CLASS'A'NPV | 2 236.00 | 99 588.07 | 0.01 |
| EUR	VOESTALPINE AG NPV | 3 896.00 | 75 991.70 | 0.00 |
| Total Österreich |  | 787 805.11 | 0.04 |
| Belgien |  |  |  |
| EUR	ANHEUSER-BUSCH IN NPV | 28 578.00 | 1 332 266.02 | 0.07 |
| EUR	COLRUYT SA NPV | 2 407.00 | 145 598.45 | 0.01 |
| EUR	ELIA SYS OPERATOR NPV | 153.00 | 17 972.02 | 0.00 |
| EUR	GALAPAGOS NV NPV | 1 730.00 | 352 832.41 | 0.02 |
| EUR	GPE BRUXELLES LAM NPV | 3 213.00 | 259 899.87 | 0.01 |
| EUR	PROXIMUS SA NPV | 5 957.00 | 124 540.73 | 0.01 |
| EUR	SOFINA NPV | 72.00 | 19 701.94 | 0.00 |
| EUR	SOLVAY SA NPV | 2 864.00 | 218 161.56 | 0.01 |
| EUR	UMICORE NPV | 6 847.00 | 303 431.82 | 0.01 |
| Total Belgien |  | 2 774 404.82 | 0.14 |
| Kanada |  |  |  |
| CAD	AIR CANADA VAR VTG SHS NPV | 6 550.00 | 75 347.27 | 0.00 |
| CAD	ALGONQUIN PWR&UTIL COM NPV | 29 000.00 | 404 514.54 | 0.02 |
| CAD	ALTAGAS LTD COM NPV | 13 949.00 | 149 158.02 | 0.01 |
| CAD	ATCO LTD CL 1 NON VTG | 3 589.00 | 100 773.47 | 0.00 |
| CAD	BOMBARDIER INC CLASS'B'SUB-VTG NPV | 107 713.00 | 34 678.26 | 0.00 |
| CAD	CAE INC COM NPV | 13 036.00 | 194 851.51 | 0.01 |
| CAD	CAMECO CORP COM | 18 907.00 | 204 636.61 | 0.01 |
| CAD	CANADIAN UTILS LTD CL A | 6 211.00 | 148 467.26 | 0.01 |
| CAD	CANOPY GROWTH CORP COM NPV | 6 900.00 | 120 857.33 | 0.01 |
| CAD	CI FINANCIAL CORP COM NPV | 10 848.00 | 128 085.20 | 0.01 |
| CAD	EMERA INC COM | 12 913.00 | 511 400.39 | 0.03 |
| CAD	EMPIRE LTD CL A | 8 141.00 | 183 528.84 | 0.01 |
| CAD	HUSKY ENERGY INC COM | 16 699.00 | 46 876.08 | 0.00 |
| CAD	HYDRO ONE INC COM NPV | 16 362.00 | 315 828.51 | 0.02 |
| CAD	IGM FINANCIAL INC COM | 3 875.00 | 91 674.50 | 0.00 |
| CAD	KEYERA CORPORATION COM NPV | 10 802.00 | 170 524.99 | 0.01 |
| CAD	KINROSS GOLD CORP COM NPV | 58 512.00 | 378 875.99 | 0.02 |
| CAD	KIRKLAND LAKE GOLD COM NPV | 14 640.00 | 561 895.53 | 0.03 |
| CAD	LUNDIN MINING CORP COM | 32 046.00 | 146 991.49 | 0.01 |
| CAD	METHANEX CORP COM | 631.00 | 10 184.93 | 0.00 |
| CAD	ONEX CORP SUB VTG | 3 969.00 | 185 528.21 | 0.01 |
| CAD	PAN AMER SILVER COM NPV | 826.00 | 24 196.74 | 0.00 |
| CAD	PRAIRIESKY ROYALTY COM NPV | 5 062.00 | 33 253.48 | 0.00 |
| CAD	QUEBECOR INC CL B | 8 629.00 | 188 973.98 | 0.01 |
| CAD	RITCHIE BROS AUCTIONEERS COM | 423.00 | 18 236.56 | 0.00 |
| CAD	TELUS CORPORATION COM NPV | 4 216.00 | 72 778.01 | 0.00 |
| CAD	TELUS CORPORATION NPV | 17 904.00 | 307 251.40 | 0.01 |
| CAD	TMX GROUP LTD COM NPV | 188.00 | 18 771.44 | 0.00 |
| CAD	WEST FRASER TIMBER COM NPV | 2 581.00 | 69 576.08 | 0.00 |
| CAD	WSP GLOBAL INC COM NPV | 5 644.00 | 362 846.08 | 0.02 |
| CAD	YAMANA GOLD INC COM | 3 498.00 | 18 854.07 | 0.00 |
| Total Kanada |  | 5 279 416.77 | 0.26 |
| Finnland |  |  |  |
| EUR	KONE CORPORATION NPV ORD 'B' | 12 586.00 | 843 922.24 | 0.04 |
| EUR	METSO OYJ NPV | 3 764.00 | 122 131.45 | 0.00 |
| EUR	WARTSILA OYJ ABP SER'B'EUR3.50 | 16 724.00 | 130 667.07 | 0.01 |
| Total Finnland |  | 1 096 720.76 | 0.05 |
| Frankreich |  |  |  |
| EUR	ACCOR EUR3 | 6 399.00 | 180 439.46 | 0.01 |
| EUR	ADP EUR3 | 1 030.00 | 107 296.72 | 0.01 |
| EUR	AIR LIQUIDE(L') EUR5.5 (POST-SUBDIVISION) | 17 704.00 | 2 404 520.72 | 0.12 |
| EUR	AIRBUS EUR1 | 21 734.00 | 1 370 768.70 | 0.07 |
| EUR	ALSTOM EUR7.00 | 7 439.00 | 313 117.36 | 0.02 |
| EUR	AMUNDI EUR2.5 (AIW) | 2 407.00 | 179 253.70 | 0.01 |
| EUR	ARKEMA EUR10 | 2 706.00 | 235 865.10 | 0.01 |
| EUR	ATOS SE EUR1 | 3 779.00 | 285 086.16 | 0.01 |
| EUR	AXA EUR2.29 | 69 602.00 | 1 268 168.83 | 0.06 |
| EUR	BIOMERIEUX NPV (POST SPLIT) | 1 588.00 | 228 043.77 | 0.01 |
| EUR	BNP PARIBAS EUR2 | 40 678.00 | 1 459 479.83 | 0.07 |
| EUR	BOLLORE EUR0.16 | 33 637.00 | 96 009.75 | 0.00 |
| EUR	BOUYGUES EUR1 | 8 318.00 | 254 814.60 | 0.01 |
| EUR	BUREAU VERITAS EUR0.12 | 10 627.00 | 216 205.06 | 0.01 |
| EUR	CAPGEMINI EUR8 | 6 081.00 | 622 982.85 | 0.03 |
| EUR	CARREFOUR EUR2.50 | 23 618.00 | 358 737.09 | 0.02 |
| EUR	CASINO GUICH-PERR EUR1.53 | 2 102.00 | 79 216.85 | 0.00 |
| EUR	CIE DE ST-GOBAIN EUR4 | 18 917.00 | 611 700.39 | 0.03 |
| EUR	CNP ASSURANCES EUR1 | 5 515.00 | 58 002.75 | 0.00 |
| EUR	COVIVIO EUR3 | 1 518.00 | 88 902.02 | 0.00 |
| EUR	CREDIT AGRICOLE SA EUR3 | 40 451.00 | 352 046.12 | 0.02 |
| EUR	DANONE EUR0.25 | 22 725.00 | 1 556 123.14 | 0.08 |
| EUR	DASSAULT AVIATION EUR8 | 87.00 | 74 226.00 | 0.00 |
| EUR	DASSAULT SYSTEMES EUR0.50 | 4 852.00 | 821 711.85 | 0.04 |
| EUR	EDENRED EUR2 | 8 916.00 | 372 707.64 | 0.02 |
| EUR	EDF EUR0.5 | 25 170.00 | 222 750.89 | 0.01 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| EUR | EIFFAGE EUR4 | 2 986.00 | 272 361.12 | 0.01 |
| EUR | ENGIE EUR1 | 64 759.00 | 766 088.76 | 0.04 |
| EUR | ESSILORLUXOTTICA EUR0.18 | 10 578.00 | 1 361 965.23 | 0.07 |
| EUR | EURAZEO NPV | 1 095.00 | 53 349.42 | 0.00 |
| EUR | FAURECIA EUR7 | 2 668.00 | 102 862.21 | 0.01 |
| EUR | GETLINK SE EUR0.40 | 15 685.00 | 226 464.78 | 0.01 |
| EUR | HERMES INTL NPV | 1 180.00 | 981 542.09 | 0.05 |
| EUR | ICADE NPV | 1 043.00 | 74 657.66 | 0.00 |
| EUR | ILIAD NPV | 687.00 | 121 046.82 | 0.01 |
| EUR | INGENICO GROUP EUR1 | 2 330.00 | 321 898.52 | 0.02 |
| EUR | IPSEN EUR1 | 1 427.00 | 112 223.77 | 0.01 |
| EUR | JC DECAUX SA NPV | 2 102.00 | 42 764.94 | 0.00 |
| EUR | KERING EUR4 | 2 835.00 | 1 480 889.35 | 0.07 |
| EUR | KLEPIERRE EUR1.40 | 7 572.00 | 143 523.05 | 0.01 |
| EUR | L'OREAL EUR0.20 | 9 321.00 | 2 715 435.34 | 0.13 |
| EUR | LEGRAND SA EUR4 | 9 749.00 | 664 755.60 | 0.03 |
| EUR | LVMH MOET HENNESSY EUR0.30 | 10 240.00 | 4 271 424.00 | 0.21 |
| EUR | NATIXIS EUR1.6 | 31 695.00 | 70 265.08 | 0.00 |
| EUR | ORANGE EUR4 | 71 943.00 | 867 879.76 | 0.04 |
| EUR | ORPEA EUR2.5 | 1 236.00 | 145 185.70 | 0.01 |
| EUR | PERNOD RICARD EUR1.55 | 7 945.00 | 1 238 150.67 | 0.06 |
| EUR | PEUGEOT SA EUR1 | 22 940.00 | 326 749.14 | 0.02 |
| EUR | PUBLICIS GROUPE SA EUR0.40 | 8 604.00 | 244 243.22 | 0.01 |
| EUR | REMY COINTREAU EUR1.60 | 889.00 | 105 612.29 | 0.01 |
| EUR | RENAULT SA EUR3.81 | 6 796.00 | 152 740.32 | 0.01 |
| EUR | SAFRAN EUR0.20 | 12 102.00 | 1 155 818.10 | 0.06 |
| EUR | SANOFI EUR2 | 42 100.00 | 4 099 024.21 | 0.20 |
| EUR | SARTORIUS STEDIM B EUR0.20 (POST SUBD) | 959.00 | 260 072.10 | 0.01 |
| EUR | SCHNEIDER ELECTRIC EUR8 | 20 788.00 | 2 063 543.98 | 0.10 |
| EUR | SCOR SE EUR7.876972 (POST CONS) | 6 171.00 | 152 250.44 | 0.01 |
| EUR | SEB SA EUR1 | 902.00 | 123 812.12 | 0.01 |
| EUR | SOC GENERALE EUR1.25 | 28 154.00 | 414 387.89 | 0.02 |
| EUR | SODEXO EUR4 | 3 285.00 | 221 217.38 | 0.01 |
| EUR | SUEZ EUR4 | 13 707.00 | 155 671.68 | 0.01 |
| EUR | TELEPERFORMANCE EUR2.50 | 2 197.00 | 520 780.80 | 0.03 |
| EUR | THALES EUR3 | 4 138.00 | 316 587.76 | 0.02 |
| EUR | TOTAL EUR2.5 | 89 511.00 | 3 347 959.24 | 0.17 |
| EUR | UBISOFT ENTERTAIN EUR0.31 | 3 521.00 | 272 829.27 | 0.01 |
| EUR | UNIBAIL-RODAMCO-WE NPV(1 ORD UNIBAIL-R & 1CLS) | 5 723.00 | 303 657.20 | 0.02 |
| EUR | VALEO EUR1 (POST SUBD) | 8 910.00 | 219 529.50 | 0.01 |
| EUR | VEOLIA ENVIRONNEME EUR5 | 18 930.00 | 414 502.82 | 0.02 |
| EUR | VINCI EUR2.50 | 19 265.00 | 1 779 499.27 | 0.09 |
| EUR | VIVENDI SA EUR5.50 | 32 851.00 | 746 549.18 | 0.04 |
| EUR | WENDEL EUR4 | 1 038.00 | 95 371.55 | 0.00 |
| EUR | WORLDLINE EUR0.68 | 5 201.20 | 388 326.44 | 0.02 |
| Total Frankreich |  | 47 733 647.12 | 2.37 |
| Deutschland |  |  |  |
| EUR	BAYERISCHE MOTOREN WERKE AG EUR1 | 12 192.00 | 713 349.17 | 0.04 |
| EUR	BEIERSDORF AG NPV | 3 749.00 | 393 083.07 | 0.02 |
| EUR	CARL ZEISS MEDITEC NPV | 1 356.00 | 138 918.72 | 0.01 |
| EUR	COMMERZBANK AG NPV | 38 869.00 | 151 369.00 | 0.01 |
| EUR	CONTINENTAL AG ORD NPV | 3 856.00 | 379 338.76 | 0.02 |
| EUR	COVESTRO AG NPV | 6 290.00 | 232 919.53 | 0.01 |
| EUR	DEUTSCHE WOHNEN AG NPV (BR) | 13 794.00 | 617 125.86 | 0.03 |
| EUR	FRAPORT AG NPV | 1 249.00 | 61 991.69 | 0.00 |
| EUR	FRESENIUS MED CARE NPV | 8 168.00 | 686 877.01 | 0.03 |
| EUR	FRESENIUS SE & CO. KGAA NPV | 15 661.00 | 752 566.18 | 0.04 |
| EUR	GEA GROUP AG NPV | 6 073.00 | 180 974.53 | 0.01 |
| EUR	HEIDELBERGCEMENT NPV | 5 726.00 | 284 262.58 | 0.01 |
| EUR	HENKEL AG & CO KGAA | 3 641.00 | 291 807.28 | 0.01 |
| EUR	HOCHTIEF AG NPV | 956.00 | 84 115.46 | 0.00 |
| EUR	KION GROUP AG NPV | 2 235.00 | 124 802.33 | 0.01 |
| EUR	KNORR BREMSE AG NPV | 2 018.00 | 213 652.67 | 0.01 |
| EUR	LANXESS AG NPV | 3 266.00 | 168 858.82 | 0.01 |
| EUR	MERCK KGAA NPV | 4 918.00 | 564 285.92 | 0.03 |
| EUR	METRO AG (NEW) NPV | 7 047.00 | 65 813.98 | 0.00 |
| EUR	NEMETSCHEK SE ORD NPV | 259.00 | 20 426.19 | 0.00 |
| EUR	PUMA SE NPV | 3 270.00 | 233 447.34 | 0.01 |
| EUR	RWE AG (NEU) NPV | 22 554.00 | 747 369.79 | 0.04 |
| EUR	SAP AG ORD NPV | 36 822.00 | 4 648 841.02 | 0.23 |
| EUR	SYMRISE AG NPV (BR) | 4 919.00 | 538 410.33 | 0.03 |
| EUR	TEAMVIEWER AG NPV | 3 214.00 | 163 578.38 | 0.01 |
| EUR	THYSSENKRUPP AG NPV | 14 804.00 | 99 791.41 | 0.01 |
| EUR	VOLKSWAGEN AG ORD NPV | 1 185.00 | 187 702.39 | 0.01 |
| EUR	WIRECARD AG NPV | 4 382.00 | 460 915.48 | 0.02 |
| EUR	ZALANDO SE NPV | 5 613.00 | 379 861.87 | 0.02 |
| Total Deutschland |  | 13 586 456.76 | 0.68 |
| Irland |  |  |  |
| GBP	DCC ORD EUR0.25 | 1 941.00 | 161 545.00 | 0.01 |
| EUR	FLUTTER ENTERTAINM ORD EUR0.09 | 2 553.07 | 327 441.46 | 0.02 |
| GBP	FLUTTER ENTERTAINM ORD EUR0.09 | 2 939.71 | 373 613.07 | 0.02 |
| EUR	KERRY GROUP 'A'ORD EUR0.125(DUBLIN LIST | 5 622.00 | 696 029.21 | 0.03 |
| Total Irland |  | 1 558 628.74 | 0.08 |
| Italien |  |  |  |
| EUR	ASSIC GENERALI SPA EUR1 | 39 869.00 | 553 688.31 | 0.03 |
| EUR	DIASORIN SPA EUR1 | 546.00 | 114 484.17 | 0.01 |
| EUR	FINECOBANK SPA EUR0.33 | 22 348.00 | 261 141.67 | 0.01 |
| EUR	LEONARDO SPA EUR4.40 | 14 358.00 | 89 438.28 | 0.00 |
| EUR	POSTE ITALIANE SPA NPV | 21 023.00 | 184 600.67 | 0.01 |
| EUR	TELECOM ITALIA SPA DI RISP EUR0.55 | 186 227.00 | 71 839.48 | 0.00 |
| EUR	TELECOM ITALIA SPA EUR0.55 | 298 539.00 | 110 250.51 | 0.01 |
| Total Italien |  | 1 385 443.09 | 0.07 |
| UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020 |  |  |  |

|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Japan |  |  |  |  |
| JPY | ACOM CO NPV | 4 700.00 | 19 151.62 | 0.00 |
| JPY | ADVANTEST CORP NPV | 3 600.00 | 177 769.53 | 0.01 |
| JPY | AIR WATER INC NPV | 3 000.00 | 43 579.15 | 0.00 |
| JPY | AISIN SEIKI CO NPV | 2 600.00 | 81 932.52 | 0.00 |
| JPY | AMADA CO LTD NPV | 4 700.00 | 41 924.17 | 0.00 |
| JPY | AOZORA BANK LTD | 3 400.00 | 63 180.95 | 0.00 |
| JPY | ASAHI INTECC CO LT NPV | 3 600.00 | 110 270.57 | 0.01 |
| JPY | BANDAI NAMCO HLDGS NPV | 3 900.00 | 217 054.81 | 0.01 |
| JPY | BENESSE HOLDINGS INC NPV | 400.00 | 10 830.28 | 0.00 |
| JPY | BK OF KYOTO NPV | 1 100.00 | 39 513.62 | 0.00 |
| JPY | CALBEE INC NPV | 2 400.00 | 69 392.49 | 0.00 |
| JPY | CENTRAL JAPAN RLWY NPV | 2 600.00 | 444 897.21 | 0.02 |
| JPY | CHIBA BANK NPV | 12 000.00 | 57 028.82 | 0.00 |
| JPY | CHUGAI PHARM CO NPV | 4 200.00 | 619 464.43 | 0.03 |
| JPY | COCA-COLA BOTTLERS NPV | 2 100.00 | 41 713.46 | 0.00 |
| JPY | CONCORDIA FINANCIA NPV | 21 100.00 | 68 939.53 | 0.00 |
| JPY | CYBER AGENT NPV | 1 600.00 | 80 642.32 | 0.00 |
| JPY | DAI-ICHI LIFE HOLD NPV | 19 700.00 | 256 547.09 | 0.01 |
| JPY | DAICEL CORP | 5 800.00 | 49 098.25 | 0.00 |
| JPY | DAIFUKU CO LTD NPV | 1 700.00 | 132 231.87 | 0.01 |
| JPY | DAIICHI SANKYO COM NPV | 10 600.00 | 992 258.79 | 0.05 |
| JPY | DAIKIN INDUSTRIES NPV | 4 700.00 | 691 465.17 | 0.04 |
| JPY | DAITO TRUST CONST NPV | 1 300.00 | 137 378.75 | 0.01 |
| JPY | DAIWA HOUSE INDS NPV | 10 800.00 | 268 107.86 | 0.01 |
| JPY | DAIWA HOUSE REIT I REIT | 46.00 | 113 745.77 | 0.01 |
| JPY | DISCO CORPORATION NPV | 400.00 | 89 330.30 | 0.01 |
| JPY | EISAI CO NPV | 5 000.00 | 391 609.04 | 0.02 |
| JPY | FANUC CORP NPV | 3 500.00 | 624 240.04 | 0.03 |
| JPY | FAST RETAILING CO NPV | 1 100.00 | 618 025.72 | 0.03 |
| JPY | FUJI ELECTRIC CO L NPV | 1 600.00 | 42 756.76 | 0.00 |
| JPY | FUKUOKA FINANCIAL NPV | 2 600.00 | 42 305.66 | 0.00 |
| JPY | GLP J-REIT REIT | 14.00 | 18 673.60 | 0.00 |
| JPY | GMO PAYMENT GATEWA NPV | 600.00 | 67 554.65 | 0.00 |
| JPY | HANKYU HANSHIN HLD NPV | 4 100.00 | 151 464.24 | 0.01 |
| JPY | HIKARI TSUSHIN INC NPV | 400.00 | 87 659.54 | 0.01 |
| JPY | HIROSE ELECTRIC NPV | 720.00 | 86 011.05 | 0.00 |
| JPY | HISAMITSU PHARM CO NPV | 900.00 | 45 361.30 | 0.00 |
| JPY | HOSHIZAKI CORPORAT NPV | 900.00 | 72 678.33 | 0.00 |
| JPY | HULIC CO LTD NPV | 6 800.00 | 68 798.44 | 0.00 |
| JPY | IDEMITSU KOSAN CO LTD | 3 758.00 | 83 367.71 | 0.00 |
| JPY | ISETAN MITSUKOSHI NPV | 6 100.00 | 40 823.32 | 0.00 |
| JPY | ISUZU MOTORS NPV | 8 500.00 | 79 646.82 | 0.00 |
| JPY | ITO EN LTD NPV | 300.00 | 17 208.89 | 0.00 |
| JPY | ITOCHU TECHNO-SOLU NPV | 1 900.00 | 64 194.55 | 0.00 |
| JPY | JAPAN AIRPORT TERM NPV | 1 300.00 | 57 195.90 | 0.00 |
| JPY | JAPAN EXCHANGE GP NPV | 10 300.00 | 221 516.69 | 0.01 |
| JPY | JAPAN POST INSURAN NPV | 4 600.00 | 58 409.99 | 0.00 |
| JPY | JAPAN REAL ESTATE INVESTMENT CORP | 29.00 | 158 277.26 | 0.01 |
| JPY | JGC HLDGS CORP NPV | 3 700.00 | 39 804.15 | 0.00 |
| JPY | JSR CORP NPV | 3 500.00 | 68 612.80 | 0.00 |
| JPY | JTEKT CORPORATION NPV | 4 400.00 | 35 490.79 | 0.00 |
| JPY | KAJIMA CORP NPV | 7 400.00 | 83 935.58 | 0.00 |
| JPY | KAKAKU.COM. INC NPV | 3 300.00 | 79 823.64 | 0.00 |
| JPY | KAMIGUMI CO LTD NPV | 2 800.00 | 54 708.31 | 0.00 |
| JPY | KANSAI ELEC POWER NPV | 14 100.00 | 140 496.13 | 0.01 |
| JPY | KANSAI PAINT CO NPV | 3 300.00 | 68 367.75 | 0.00 |
| JPY | KAO CORP NPV | 9 600.00 | 770 512.84 | 0.04 |
| JPY | KAWASAKI HEAVY IND NPV | 2 500.00 | 39 587.88 | 0.00 |
| JPY | KEIHAN HOLDINGS CO NPV | 1 800.00 | 85 543.23 | 0.00 |
| JPY | KEIKYU CORP | 3 800.00 | 63 524.39 | 0.00 |
| JPY | KEIO CORPORATION NPV | 1 900.00 | 112 869.54 | 0.01 |
| JPY | KEISEI ELEC RY CO NPV | 2 400.00 | 78 748.78 | 0.00 |
| JPY | KIKKOMAN CORP NPV | 2 900.00 | 145 895.02 | 0.01 |
| JPY | KINTETSU GROUP HOL NPV | 3 300.00 | 162 036.48 | 0.01 |
| JPY | KIRIN HOLDINGS CO LTD NPV | 15 800.00 | 323 743.45 | 0.02 |
| JPY | KOBAYASHI PHARMACE NPV | 1 200.00 | 106 929.04 | 0.01 |
| JPY | KOITO MFG CO LTD NPV | 1 900.00 | 80 507.73 | 0.00 |
| JPY | KOMATSU NPV | 16 400.00 | 331 851.30 | 0.02 |
| JPY | KOSE CORPORATION NPV | 700.00 | 87 650.25 | 0.01 |
| JPY | KURARAY CO NPV | 5 100.00 | 53 587.04 | 0.00 |
| JPY | KURITA WATER INDS NPV | 1 800.00 | 49 905.79 | 0.00 |
| JPY | KYUSHU ELEC POWER NPV | 7 300.00 | 60 711.93 | 0.00 |
| JPY | KYUSHU RAILWAY COR NPV | 2 500.00 | 70 891.54 | 0.00 |
| JPY | LASERTEC CORP NPV | 500.00 | 41 073.00 | 0.00 |
| JPY | LINE CORP NPV | 1 200.00 | 60 036.20 | 0.00 |
| JPY | LION CORP NPV | 4 300.00 | 98 384.93 | 0.01 |
| JPY | M3 INC NPV | 8 300.00 | 334 357.45 | 0.02 |
| JPY | MAKITA CORP NPV | 4 100.00 | 138 905.65 | 0.01 |
| JPY | MARUI GROUP NPV | 3 800.00 | 68 532.98 | 0.00 |
| JPY | MARUICHI STL TUBE NPV | 700.00 | 17 926.39 | 0.00 |
| JPY | MCDONALD'S HOLDING NPV | 1 400.00 | 74 460.48 | 0.00 |
| JPY | MEBUKIFINANCIAL G NPV | 15 100.00 | 34 198.73 | 0.00 |
| JPY | MEIJI HOLDINGS CO NPV | 2 300.00 | 173 137.79 | 0.01 |
| JPY | MINEBEA MITSUMI INC | 6 800.00 | 119 355.83 | 0.01 |
| JPY | MISUMI GROUP INC NPV | 5 000.00 | 132 825.92 | 0.01 |
| JPY | MITSUBISHI GAS CHM NPV | 3 100.00 | 46 153.99 | 0.00 |
| JPY | MITSUBISHI MOTOR C NPV | 11 500.00 | 32 449.99 | 0.00 |
| JPY | MITSUBISHI UFJ LEA NV | 5 200.00 | 25 388.22 | 0.00 |
| JPY | MITSUI CHEMICALS NPV | 2 800.00 | 58 216.92 | 0.00 |
| JPY | MITSUI FUDOSAN CO NPV | 15 400.00 | 296 393.00 | 0.02 |
| JPY | MONOTARO CO.LTD NPV | 2 700.00 | 98 115.75 | 0.01 |
| JPY | NABTESCO CORP NPV | 1 800.00 | 55 887.13 | 0.00 |
| JPY | NAGOYA RAILROAD CO NPV | 3 100.00 | 93 516.50 | 0.01 |
| JPY | NH FOODS LTD NPV | 1 500.00 | 55 413.75 | 0.00 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  |  | Nominal | NR Kursgewinn | Netto- |
|  |  |  | (-verlust) auf Futures/ | vermögens |
|  |  |  | Devisentermin- |  |
|  |  |  | kontrakten/ |  |
|  |  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| JPY | NIDEC CORPORATION NPV | 8 800.00 | 540 897.58 | 0.03 |
| JPY | NIPPON BUILDING FD REIT | 29.00 | 181 965.01 | 0.01 |
| JPY | NIPPON EXPRESS CO NPV | 1 100.00 | 56 564.72 | 0.00 |
| JPY | NIPPON PAINT HLDGS NPV | 2 600.00 | 181 241.01 | 0.01 |
| JPY | NIPPON SHINYAKU CO NPV | 1 000.00 | 86 137.28 | 0.01 |
| JPY | NIPPON STEEL CORP NPV | 13 300.00 | 122 537.52 | 0.01 |
| JPY | NISSAN CHEMICAL CO NPV | 3 000.00 | 132 408.22 | 0.01 |
| JPY | NISSHIN SEIFUN GRP NPV | 3 700.00 | 57 662.78 | 0.00 |
| JPY | NISSIN FOODS HLDG NPV | 1 500.00 | 125 307.47 | 0.01 |
| JPY | NITORI HOLDINGS CO LTD | 1 300.00 | 235 721.91 | 0.01 |
| JPY | NITTO DENKO CORP NPV | 3 700.00 | 200 222.77 | 0.01 |
| JPY | NOMURA REAL ESTATE HOLDINGS INC | 2 700.00 | 49 972.62 | 0.00 |
| JPY | NSK LTD NPV | 6 000.00 | 43 885.46 | 0.00 |
| JPY | OBAYASHI CORP NPV | 11 800.00 | 109 199.43 | 0.01 |
| JPY | OBIC CO LTD NPV | 1 200.00 | 208 066.09 | 0.01 |
| JPY | ODAKYU ELEC RLWY NPV | 5 200.00 | 129 788.83 | 0.01 |
| JPY | OJI HOLDINGS CO NPV | 14 000.00 | 70 302.13 | 0.00 |
| JPY | OLYMPUS CORP NPV | 20 700.00 | 359 586.49 | 0.02 |
| JPY | ONO PHARMACEUTICAL NPV | 6 400.00 | 182 789.25 | 0.01 |
| JPY | ORACLE CORP JAPAN NPV | 800.00 | 93 414.40 | 0.01 |
| JPY | ORIENTAL LAND CO NPV | 3 800.00 | 550 768.09 | 0.03 |
| JPY | PAN PACIFIC INTERNATIONAL HOLDINGS CORP | 7 400.00 | 149 119.60 | 0.01 |
| JPY | PEPTIDREAM INC NPV | 2 000.00 | 89 757.28 | 0.01 |
| JPY | PERSOL HOLDINGS CO NPV | 3 200.00 | 42 326.08 | 0.00 |
| JPY | PIGEON CORP NPV | 2 200.00 | 85 766.00 | 0.00 |
| JPY | POLA ORBIS HOLDINGS IN NPV | 1 700.00 | 33 073.75 | 0.00 |
| JPY | RAKUTEN INC NPV | 16 600.00 | 150 383.81 | 0.01 |
| JPY | RECRUIT HLDGS CO L NPV | 25 400.00 | 874 683.26 | 0.04 |
| JPY | RINNAI CORP NPV | 700.00 | 58 931.64 | 0.00 |
| JPY | RYOHIN KEIKAKU CO NPV | 6 000.00 | 90 722.61 | 0.01 |
| JPY | SBI HOLDINGS INC NPV | 5 400.00 | 115 733.98 | 0.01 |
| JPY | SCSK CORP | 300.00 | 14 674.90 | 0.00 |
| JPY | SECOM CO NPV | 3 800.00 | 329 226.35 | 0.02 |
| JPY | SEIBU HOLDINGS INC NPV | 4 000.00 | 52 276.42 | 0.00 |
| JPY | SEKISUI HOUSE NPV | 12 400.00 | 236 237.07 | 0.01 |
| JPY | SEVEN BANK NPV | 5 900.00 | 16 812.55 | 0.00 |
| JPY | SHARP CORP NPV | 4 100.00 | 44 411.75 | 0.00 |
| JPY | SHIMANO INC NPV | 1 300.00 | 239 040.24 | 0.01 |
| JPY | SHIMIZU CORP NPV | 13 800.00 | 116 819.98 | 0.01 |
| JPY | SHIN-ETSU CHEMICAL NPV | 6 600.00 | 773 119.23 | 0.04 |
| JPY | SHINSEI BANK NPV | 4 000.00 | 51 051.19 | 0.00 |
| JPY | SHIONOGI & CO NPV | 4 600.00 | 271 597.90 | 0.01 |
| JPY | SHISEIDO CO LTD NPV | 7 600.00 | 463 470.56 | 0.02 |
| JPY | SHIZUOKA BANK NPV | 8 000.00 | 50 939.81 | 0.00 |
| JPY | SHOWA DENKO KK NPV | 2 400.00 | 57 362.97 | 0.00 |
| JPY | SMC CORP NPV | 1 100.00 | 555 130.65 | 0.03 |
| JPY | SONY FINANCIAL HOL NPV | 3 600.00 | 86 746.18 | 0.01 |
| JPY | SQUARE-ENIX HOLDIN NPV | 2 000.00 | 97 090.08 | 0.01 |
| JPY | STANLEY ELECTRIC NPV | 3 800.00 | 92 376.67 | 0.01 |
| JPY | SUMITOMO HEAVY IND NPV | 2 300.00 | 52 517.75 | 0.00 |
| JPY | SUMITOMO METAL MNG NPV | 4 100.00 | 114 207.08 | 0.01 |
| JPY | SUMITOMO RUBBER NPV | 2 300.00 | 23 398.15 | 0.00 |
| JPY | SUNDRUG CO LTD NPV | 1 400.00 | 47 171.30 | 0.00 |
| JPY | SUNTORY BEVERAGE & NPV | 3 000.00 | 122 522.86 | 0.01 |
| JPY | SUZUKEN CO LTD NPV | 1 400.00 | 50 874.83 | 0.00 |
| JPY | SUZUKI MOTOR CORP NPV | 6 000.00 | 208 623.01 | 0.01 |
| JPY | SYSMEX CORP NPV | 3 100.00 | 247 746.79 | 0.01 |
| JPY | T&D HOLDINGS INC NPV | 11 300.00 | 102 055.04 | 0.01 |
| JPY | TAIHEIYO CEMENT NPV | 2 000.00 | 47 282.68 | 0.00 |
| JPY | TAISEI CORP NPV | 4 000.00 | 138 859.24 | 0.01 |
| JPY | TAISHO PHARM H NPV | 700.00 | 44 442.38 | 0.00 |
| JPY | TAIYO NIPPON SANSO NPV | 1 900.00 | 31 956.19 | 0.00 |
| JPY | TEIJIN LTD NPV | 5 700.00 | 93 329.00 | 0.01 |
| JPY | TERUMO CORP NPV | 12 300.00 | 482 934.98 | 0.02 |
| JPY | THK CO LTD NPV | 2 000.00 | 51 979.39 | 0.00 |
| JPY | TOBU RAILWAY CO NPV | 3 700.00 | 131 192.28 | 0.01 |
| JPY | TOHO CO LTD NPV | 2 900.00 | 106 594.89 | 0.01 |
| JPY | TOHO GAS CO NPV | 1 500.00 | 73 931.41 | 0.00 |
| JPY | TOHOKU ELEC POWER NPV | 7 300.00 | 75 618.88 | 0.00 |
| JPY | TOKYO CENTURY CORP NPV | 700.00 | 30 440.43 | 0.00 |
| JPY | TOKYO GAS CO NPV | 6 500.00 | 155 086.56 | 0.01 |
| JPY | TOKYU CORP NPV | 8 600.00 | 136 341.95 | 0.01 |
| JPY | TORAY INDS INC NPV | 22 400.00 | 108 928.02 | 0.01 |
| JPY | TOSOH CORP NPV | 4 600.00 | 63 960.64 | 0.00 |
| JPY | TOTO LTD NPV | 2 500.00 | 99 085.72 | 0.01 |
| JPY | TOYO SUISAN KAISHA NPV | 1 700.00 | 88 838.35 | 0.01 |
| JPY | TOYODA GOSEI NPV | 1 900.00 | 40 615.40 | 0.00 |
| JPY | TOYOTA INDUSTRIES NPV | 2 700.00 | 138 088.83 | 0.01 |
| JPY | TOYOTA TSUSHO CORP NPV | 3 800.00 | 96 291.83 | 0.01 |
| JPY | TSURUHA HOLDINGS I NPV | 700.00 | 103 438.99 | 0.01 |
| JPY | USS CO LTD NPV | 3 600.00 | 62 753.98 | 0.00 |
| JPY | WELCIA HOLDINGS CO NPV | 1 000.00 | 84 002.41 | 0.00 |
| JPY | YAKULT HONSHA CO NPV | 2 000.00 | 122 522.86 | 0.01 |
| JPY | YAMAHA CORP NPV | 2 500.00 | 121 594.65 | 0.01 |
| JPY | YAMATO HOLDINGS CO NPV | 7 300.00 | 161 537.11 | 0.01 |
| JPY | ZOZO INC NPV | 2 720.00 | 50 090.31 | 0.00 |
| Total Japan | 26 133 872.55 | 1.30 |
| Jersey |  |  |  |  |
| GBP | GLENCORE XSTRATA ORD USD0.01 | 231 148.00 | 428 138.02 | 0.02 |
| Total Jersey | 428 138.02 | 0.02 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Luxemburg |  |  |  |
| EUR	AROUNDTOWN SA EUR0.01 | 45 996.00 | 252 850.76 | 0.01 |
| EUR	EUROFINS SCIENTIFI EUR0.10 | 456.00 | 308 295.37 | 0.02 |
| Total Luxemburg |  | 561 146.13 | 0.03 |
| Niederlande |  |  |  |
| USD	AERCAP HOLDINGS EUR0.01 | 4 368.00 | 140 824.32 | 0.01 |
| EUR	AKZO NOBEL NV EUR0.50(POST REV SPLIT) | 7 795.00 | 638 168.54 | 0.03 |
| EUR	ALTICE EUROPE N.V. EUR0.01 (COMMON SHARES A) | 21 989.00 | 88 054.07 | 0.00 |
| EUR	EXOR NV EUR0.01 | 4 136.00 | 222 948.93 | 0.01 |
| EUR	HEINEKEN HOLDING EUR1.6 | 3 985.00 | 328 464.16 | 0.02 |
| EUR	HEINEKEN NV EUR1.60 | 9 769.00 | 896 272.81 | 0.05 |
| EUR	ING GROEP N.V. EUR0.01 | 138 454.00 | 894 178.03 | 0.04 |
| EUR	JUST EAT TAKEAWAY EUR0.04 | 4 292.00 | 465 771.56 | 0.02 |
| EUR	KON KPN NV EUR0.04 | 136 304.00 | 334 165.54 | 0.02 |
| EUR	KONINKLIJKE AHOLD EUR0.01 | 41 894.00 | 1 062 964.04 | 0.05 |
| EUR	KONINKLIJKE PHILIPS NV EUR0.20 | 33 574.00 | 1 523 344.93 | 0.08 |
| USD	NXP SEMICONDUCTORS EUR0.20 | 10 640.00 | 1 022 504.00 | 0.05 |
| EUR	QIAGEN NV EUR0.01 | 8 507.00 | 371 981.15 | 0.02 |
| EUR	RANDSTAD N.V. EUR0.10 | 4 166.00 | 174 842.71 | 0.01 |
| GBP	ROYAL DUTCH SHELL 'B'SHS EUR0.07 (UK LIST) | 81 067.00 | 1 228 735.60 | 0.06 |
| EUR	STMICROELECTRONICS EUR1.04 | 26 061.00 | 640 365.98 | 0.03 |
| EUR	VOPAK(KON) EUR0.50 | 2 993.00 | 164 165.99 | 0.01 |
| EUR	WOLTERS KLUWER EUR0.12 | 10 606.00 | 845 650.83 | 0.04 |
| Total Niederlande |  | 11 043 403.19 | 0.55 |
| Spanien |  |  |  |
| EUR	ACS ACTIVIDADES CO EUR0.5 | 9 741.00 | 248 672.46 | 0.01 |
| EUR	AENA SME S.A. EUR10 | 2 448.00 | 349 092.80 | 0.02 |
| EUR	AMADEUS IT GROUP EUR0.01 | 16 238.00 | 847 846.21 | 0.04 |
| EUR	CAIXABANK SA EUR1 | 129 434.00 | 241 807.54 | 0.01 |
| EUR	CELLNEX TELECOM SA EUR0.25 | 9 377.00 | 531 121.36 | 0.03 |
| EUR	ENAGAS SA EUR1.50 | 9 890.00 | 222 333.07 | 0.01 |
| EUR	ENDESA SA EUR1.2 | 11 703.00 | 277 930.71 | 0.01 |
| EUR	FERROVIAL SA EUR0.2 | 18 554.00 | 503 993.19 | 0.03 |
| EUR	GRIFOLS SA EUR0.25 (CLASS A) POST SUBD | 11 258.00 | 352 142.16 | 0.02 |
| EUR	IBERDROLA SA EUR0.75 (POST SUBDIVISION) | 219 297.00 | 2 363 242.46 | 0.12 |
| EUR	INDITEX EUR0.03 (POST SUBD) | 39 627.00 | 1 104 181.29 | 0.06 |
| EUR	NATURGY ENERGY GRO EUR1 | 11 335.00 | 210 498.70 | 0.01 |
| EUR	RED ELECTRICA CORP EUR0.5 | 16 239.00 | 286 125.07 | 0.01 |
| EUR	REPSOL SA EUR1 | 53 316.00 | 496 391.66 | 0.02 |
| EUR	SIEMENS GAMESA REN EUR0.17 | 8 273.00 | 139 279.41 | 0.01 |
| EUR	TELEFONICA SA EUR1 | 167 803.00 | 791 606.68 | 0.04 |
| Total Spanien |  | 8 966 264.77 | 0.45 |
| Schweiz |  |  |  |
| CHF	PARGESA HLDGS SA CHF20(BR) | 2 197.00 | 165 798.38 | 0.01 |
| CHF	SWATCH GROUP CHF2.25(BR) | 1 313.00 | 262 271.99 | 0.01 |
| CHF	SWISS RE AG CHF0.10 | 13 182.00 | 893 527.47 | 0.04 |
| CHF	VIFOR PHARMA AG CHF0.01 | 2 133.00 | 324 379.41 | 0.02 |
| Total Schweiz |  | 1 645 977.25 | 0.08 |
| Grossbritannien |  |  |  |
| GBP	3I GROUP ORD GBP0.738636 | 23 524.00 | 239 932.45 | 0.01 |
| GBP	ASTRAZENECA ORD USD0.25 | 29 621.00 | 3 142 033.95 | 0.16 |
| GBP	AVEVA GROUP ORD GBP0.03556 | 1 983.00 | 100 220.71 | 0.00 |
| GBP	AVIVA ORD GBP0.25 | 81 732.00 | 250 289.13 | 0.01 |
| GBP	BAE SYSTEMS ORD GBP0.025 | 69 310.00 | 425 183.62 | 0.02 |
| GBP	BARRATT DEVEL ORD GBP0.10 | 24 089.00 | 148 012.72 | 0.01 |
| GBP	BRIT AMER TOBACCO ORD GBP0.25 | 51 100.00 | 2 014 964.39 | 0.10 |
| GBP	BRITISH LAND CO PLC REIT | 18 455.00 | 92 929.23 | 0.00 |
| GBP	BT GROUP ORD GBP0.05 | 188 452.00 | 270 842.98 | 0.01 |
| GBP	BUNZL ORD GBP0.32142857 | 6 628.00 | 154 583.52 | 0.01 |
| USD	COCA-COLA EUROPEAN ORD EUR0.01 | 8 791.00 | 331 420.70 | 0.02 |
| GBP	EVRAZ PLC ORD USD1 | 14 587.00 | 50 927.76 | 0.00 |
| GBP	HALMA ORD GBP0.10 | 9 008.00 | 259 482.56 | 0.01 |
| GBP	HIKMA PHARMACEUTIC ORD GBP0.10 | 3 319.00 | 105 495.32 | 0.00 |
| GBP	INFORMA PLC (GB) ORD GBP0.001 | 32 204.00 | 180 913.94 | 0.01 |
| GBP	ITV ORD GBP0.10 | 76 632.00 | 76 057.39 | 0.00 |
| GBP	JD SPORTS FASHION ORD GBP0.0025 | 14 613.00 | 118 946.88 | 0.01 |
| GBP	JOHNSON MATTHEY ORD GBP1.109245 | 5 277.00 | 137 851.17 | 0.01 |
| GBP	KINGFISHER ORD GBP0.157142857 | 40 906.00 | 98 210.99 | 0.00 |
| GBP	LAND SECURITIES GP ORD GBP0.106666666 | 14 519.00 | 108 740.13 | 0.00 |
| GBP	LLOYDS BANKING GP ORD GBP0.1 | 1 589 381.00 | 586 931.08 | 0.03 |
| GBP	MELROSE INDUST PLC ORD GBP0.0685714 | 101 670.00 | 144 737.36 | 0.01 |
| GBP	NATIONAL GRID ORD GBP0.12431289 | 78 134.00 | 894 488.81 | 0.04 |
| GBP	OCADO GROUP PLC ORD GBP0.02 | 10 868.00 | 294 385.14 | 0.01 |
| GBP	RECKITT BENCK GRP ORD GBP0.10 | 15 727.00 | 1 404 583.28 | 0.07 |
| GBP	RELX PLC GBP0.1444 | 41 288.00 | 956 315.98 | 0.05 |
| EUR	RELX PLC GBP0.1444 | 538.00 | 12 441.66 | 0.00 |
| GBP	RENTOKIL INITIAL ORD GBP0.01 | 42 563.00 | 261 419.32 | 0.01 |
| GBP	ROLLS-ROYCE HLDGS ORD GBP0.20 | 42 714.00 | 143 424.67 | 0.01 |
| GBP	SAGE GROUP GBP0.01051948 | 26 179.00 | 223 642.83 | 0.01 |
| GBP	SEVERN TRENT ORD GBP0.9789 | 6 121.00 | 184 720.05 | 0.01 |
| GBP	SMITHS GROUP ORD GBP0.375 | 7 932.00 | 128 119.72 | 0.01 |
| GBP	SPIRAX-SARCO ENG ORD GBP0.269230769 | 1 490.00 | 181 813.99 | 0.01 |
| GBP	SSE PLC ORD GBP0.50 | 22 934.00 | 352 006.27 | 0.02 |
| GBP	ST JAMES'S PLACE ORD GBP0.15 | 10 768.00 | 122 315.05 | 0.01 |
| EUR	UNILEVER EUR0.16 | 53 081.00 | 2 744 985.79 | 0.14 |
| GBP	UNITED UTILITIES G ORD GBP0.05 | 13 243.00 | 150 232.42 | 0.01 |
| GBP	WHITBREAD ORD GBP0.76797385 | 3 449.00 | 107 793.89 | 0.01 |
| GBP	WPP PLC ORD GBP0.10 | 25 977.00 | 196 417.57 | 0.01 |
| Total Grossbritannien |  | 17 397 814.42 | 0.86 |
| Total Inhaberaktien |  | 140 379 139.50 | 6.98 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Partizipationsscheine |  |  |  |
| Schweiz |  |  |  |
| CHF	LINDT & SPRUENGLI PTG CERT CHF10 | 55.00 | 458 571.87 | 0.03 |
| CHF	SCHINDLER-HLDG AG PTG CERT CHF0.10(POST-SUBD) | 1 919.00 | 445 642.66 | 0.02 |
| Total Schweiz |  | 904 214.53 | 0.05 |
| Total Partizipationsscheine |  | 904 214.53 | 0.05 |
| Weitere Aktien |  |  |  |
| Schweiz |  |  |  |
| CHF	ROCHE HLDGS AG GENUSSCHEINE NPV | 33 391.00 | 11 563 636.62 | 0.57 |
| Total Schweiz |  | 11 563 636.62 | 0.57 |
| Total Weitere Aktien |  | 11 563 636.62 | 0.57 |
| Vorzugsaktien |  |  |  |
| Deutschland |  |  |  |
| EUR	BAYERISCHE MOTORENWERKE AG EUR1 | 1 622.00 | 74 659.11 | 0.00 |
| EUR	FUCHS PETROLUB SE NON-VTG PRF NPV | 2 221.00 | 88 494.36 | 0.00 |
| EUR	HENKEL AG&CO. KGAA NON-VTG PRF NPV | 6 749.00 | 602 682.04 | 0.03 |
| EUR	PORSCHE AUTO HL SE NON VTG PRF NPV | 5 447.00 | 296 344.24 | 0.02 |
| EUR	SARTORIUS AG NON VTG PRF NPV | 1 331.00 | 493 611.32 | 0.03 |
| EUR	VOLKSWAGEN AG NON VTG PRF NPV | 6 691.00 | 986 162.24 | 0.05 |
| Total Deutschland |  | 2 541 953.31 | 0.13 |
| Total Vorzugsaktien |  | 2 541 953.31 | 0.13 |
| Namensaktien |  |  |  |
| Australien |  |  |  |
| GBP	BHP GROUP PLC ORD USD0.50 | 45 977.00 | 898 775.66 | 0.04 |
| Total Australien |  | 898 775.66 | 0.04 |
| Belgien |  |  |  |
| EUR	AGEAS NPV | 6 545.00 | 223 287.74 | 0.01 |
| EUR	KBC GROUP NV NPV | 9 503.00 | 497 561.06 | 0.03 |
| EUR	TELENET GRP HLDG NPV | 1 723.00 | 70 645.10 | 0.00 |
| EUR	UCB NPV | 4 586.00 | 459 111.34 | 0.02 |
| Total Belgien |  | 1 250 605.24 | 0.06 |
| Kanada |  |  |  |
| CAD	1ST QUANTUM MINLS COM NPV | 33 949.00 | 198 211.86 | 0.01 |
| CAD	AGNICO EAGLE MINES LTD COM | 12 638.00 | 805 441.63 | 0.04 |
| CAD	ALIMENTATION COUCHE TARD INC SUB VTG SH | 42 015.00 | 1 310 119.01 | 0.07 |
| CAD	AURORA CANNABIS IN COM NPV(POST REV SPLIT) | 2 008.00 | 27 994.62 | 0.00 |
| CAD	BANK NOVA SCOTIA HALIFAX COM | 58 663.00 | 2 341 511.87 | 0.12 |
| CAD	BANK OF MONTREAL COM NPV | 30 786.00 | 1 512 794.91 | 0.08 |
| CAD	BARRICK GOLD CORP COM NPV | 85 887.00 | 2 057 385.74 | 0.10 |
| CAD	BCE INC COM NEW | 7 783.00 | 322 255.16 | 0.02 |
| CAD	BLACKBERRY LTD NPV | 25 221.00 | 116 780.78 | 0.01 |
| CAD	BROOKFIELD ASSET M LTD VTG SHS NPV CL'A' | 65 283.00 | 2 041 805.88 | 0.10 |
| CAD	CAN PACIFIC RYS COM NPV | 6 640.00 | 1 657 838.23 | 0.08 |
| CAD	CANADIAN NAT RES LTD COM | 56 644.00 | 1 030 673.27 | 0.05 |
| CAD	CANADIAN NATL RY CO COM | 34 603.00 | 2 969 118.65 | 0.15 |
| CAD	CANADIAN TIRE LTD CL A | 2 829.00 | 240 737.22 | 0.01 |
| CAD	CCL INDUSTRIES INC 'B'NON-VTG COM NPV | 7 308.00 | 245 274.29 | 0.01 |
| CAD	CDN IMPERIAL BK OF COMMERCE COM | 21 434.00 | 1 369 127.38 | 0.07 |
| CAD	CENOVUS ENERGY INC COM NPV | 51 198.00 | 222 245.70 | 0.01 |
| CAD	CGI INC COM NPV SUB VOTING SHARES C | 12 318.00 | 784 067.17 | 0.04 |
| CAD	CONSTELLATION SOFT COM STK NPV | 1 036.00 | 1 173 111.47 | 0.06 |
| CAD	CRONOS GROUP INC COM NPV | 5 200.00 | 33 971.93 | 0.00 |
| CAD	DOLLARAMA INC COM NPV | 15 969.00 | 539 309.01 | 0.03 |
| CAD	ENBRIDGE INC COM NPV | 97 540.00 | 3 160 064.53 | 0.16 |
| CAD	FAIRFAX FINL HLDGS SUB-VTG COM NPV | 1 329.00 | 367 748.97 | 0.02 |
| CAD	FIRST CAP REAL EST UNIT | 5 200.00 | 49 246.13 | 0.00 |
| CAD	FORTIS INC COM NPV | 21 395.00 | 820 538.96 | 0.04 |
| CAD	FRANCO NEVADA CORP COM NPV | 9 148.00 | 1 279 078.63 | 0.06 |
| CAD	GILDAN ACTIVEWEAR INC COM | 9 810.00 | 135 559.97 | 0.01 |
| CAD	GREAT WEST LIFECO INC COM | 13 092.00 | 212 359.02 | 0.01 |
| CAD	IA FINANCIAL CORP COM NPV | 5 144.00 | 163 638.89 | 0.01 |
| CAD	IMPERIAL OIL LTD COM NEW | 16 144.00 | 251 235.31 | 0.01 |
| CAD	INTACT FINL CORP COM NPV | 7 234.00 | 687 915.61 | 0.03 |
| CAD	INTER PIPELINE LTD COM NPV | 20 552.00 | 187 498.71 | 0.01 |
| CAD	LOBLAW COS LTD COM | 9 583.00 | 472 563.51 | 0.02 |
| CAD	MAGNA INTL INC COM NPV | 15 716.00 | 660 158.41 | 0.03 |
| CAD	MANULIFE FINL CORP COM | 94 378.00 | 1 167 605.12 | 0.06 |
| CAD	METRO INC CL A SUB | 13 769.00 | 571 998.25 | 0.03 |
| CAD	NATL BK OF CANADA COM NPV | 17 523.00 | 760 149.82 | 0.04 |
| CAD	NUTRIEN LTD NPV | 27 694.00 | 941 700.19 | 0.05 |
| CAD	OPEN TEXT CO COM NPV | 14 786.00 | 611 893.50 | 0.03 |
| CAD	PARKLAND CORP. COM NPV | 7 100.00 | 198 894.52 | 0.01 |
| CAD	PEMBINA PIPELINE C COM NPV | 27 599.00 | 686 880.05 | 0.03 |
| CAD	POWER CORP CDA COM | 30 666.00 | 497 196.54 | 0.02 |
| CAD	RESTAURANT BRANDS COM NPV | 14 695.00 | 799 709.09 | 0.04 |
| CAD	ROGERS COMMS INC CLASS'B'COM CAD1.62478 | 19 180.00 | 800 669.94 | 0.04 |
| CAD	ROYAL BK OF CANADA COM NPV | 68 907.00 | 4 453 380.34 | 0.22 |
| CAD	SAPUTO INC COM | 13 100.00 | 320 628.71 | 0.02 |
| CAD	SHAW COMMUNICATIONS INC CL B CONV | 25 678.00 | 431 558.34 | 0.02 |
| CAD	SHOPIFY INC COM NPV CL A | 5 003.00 | 3 782 365.00 | 0.19 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| CAD | SUN LIFE FINL INC COM | 30 513.00 | 1 042 634.20 | 0.05 |
| CAD | SUNCOR ENERGY INC COM NPV 'NEW' | 73 738.00 | 1 262 753.91 | 0.06 |
| CAD | TC ENERGY CORPORAT COM NPV | 45 115.00 | 2 025 311.64 | 0.10 |
| CAD | TECK RESOURCES LTD CLASS'B'SUB-VTG COM NPV | 24 815.00 | 234 828.68 | 0.01 |
| CAD | THOMSON-REUTERS CP COM NPV(POST REV SPLIT) | 10 228.00 | 682 409.32 | 0.03 |
| CAD | TORONTO-DOMINION COM NPV | 87 433.00 | 3 730 862.63 | 0.19 |
| CAD | WESTON GEORGE LTD COM | 3 700.00 | 266 243.67 | 0.01 |
| CAD | WHEATON PRECIOUS M COM NPV | 23 069.00 | 990 054.32 | 0.05 |
| Total Kanada | 55 707 110.21 | 2.77 |
| Finnland |  |  |  |  |
| EUR | ELISA OYJ NPV | 5 716.00 | 358 474.90 | 0.02 |
| EUR | FORTUM OYJ EUR3.40 | 16 267.00 | 311 588.97 | 0.02 |
| EUR | NESTE OIL OYJ NPV | 16 308.00 | 658 852.20 | 0.03 |
| EUR | NOKIA OYJ NPV | 207 167.00 | 821 641.71 | 0.04 |
| EUR | ORION CORP SER'B'NPV | 4 317.00 | 230 976.92 | 0.01 |
| EUR | SAMPO PLC SER'A'NPV | 17 228.00 | 615 533.73 | 0.03 |
| EUR | STORA ENSO OYJ NPV SER'R' | 24 720.00 | 303 157.64 | 0.01 |
| EUR | UPM-KYMMENE CORP NPV | 20 218.00 | 584 052.12 | 0.03 |
| Total Finnland |  | 3 884 278.19 | 0.19 |
| Frankreich |  |  |  |
| EUR	BOLLORE EUR0.16 (RFD 01/01/2020) | 195.00 | 559.62 | 0.00 |
| EUR	GECINA EUR7.50 | 1 420.00 | 182 752.43 | 0.01 |
| EUR	MICHELIN (CGDE) EUR2 | 6 457.00 | 652 596.86 | 0.03 |
| Total Frankreich |  | 835 908.91 | 0.04 |
| Deutschland |  |  |  |
| EUR	ADIDAS AG NPV (REGD) | 6 763.00 | 1 784 413.63 | 0.09 |
| EUR	ALLIANZ SE NPV(REGD)(VINKULIERT) | 15 324.00 | 2 775 372.96 | 0.14 |
| EUR	BASF SE NPV | 33 253.00 | 1 799 328.67 | 0.09 |
| EUR	BAYER AG NPV (REGD) | 36 081.00 | 2 436 979.01 | 0.12 |
| EUR	BRENNTAG AG | 5 798.00 | 305 766.31 | 0.02 |
| EUR	DAIMLER AG ORD NPV(REGD) | 32 109.00 | 1 192 214.97 | 0.06 |
| EUR	DELIVERY HERO SE NPV | 4 611.00 | 442 021.17 | 0.02 |
| EUR	DEUTSCHE BANK AG NPV(REGD) | 74 699.00 | 625 761.58 | 0.03 |
| EUR	DEUTSCHE BOERSE AG NPV(REGD) | 7 130.00 | 1 173 003.11 | 0.06 |
| EUR	DEUTSCHE LUFTHANSA ORD NPV (REGD)(VINK) | 11 519.00 | 117 137.91 | 0.01 |
| EUR	DEUTSCHE POST AG NPV(REGD) | 37 579.00 | 1 169 592.00 | 0.06 |
| EUR	DEUTSCHE TELEKOM NPV(REGD) | 123 981.00 | 1 954 878.02 | 0.10 |
| EUR	E.ON SE NPV | 84 374.00 | 892 170.60 | 0.04 |
| EUR	EVONIK INDUSTRIES NPV | 8 766.00 | 215 981.55 | 0.01 |
| EUR	HANNOVER RUECKVERS ORD NPV(REGD) | 2 170.00 | 349 035.41 | 0.02 |
| EUR	INFINEON TECHNOLOG AG NPV (REGD) | 47 758.00 | 1 001 698.82 | 0.05 |
| EUR	LEG IMMOBILIEN AG NPV | 1 902.00 | 237 126.50 | 0.01 |
| EUR	MTU AERO ENGINES H NPV (REGD) | 2 059.00 | 331 868.62 | 0.02 |
| EUR	MUENCHENER RUECKVE NPV(REGD) | 5 403.00 | 1 229 651.53 | 0.06 |
| EUR	SCOUT24 AG NPV | 2 924.00 | 223 610.16 | 0.01 |
| EUR	SIEMENS AG NPV(REGD) | 28 373.00 | 3 109 676.42 | 0.15 |
| EUR	SIEMENS HEALTHINEE NPV | 5 854.00 | 302 566.00 | 0.01 |
| EUR	TELEFONICA DEUTSCH NPV | 30 268.00 | 93 127.38 | 0.00 |
| EUR	UNIPER SE NPV | 7 833.00 | 244 836.36 | 0.01 |
| EUR	UNITED INTERNET AG NPV(REGD) | 4 232.00 | 173 611.32 | 0.01 |
| EUR	VONOVIA SE NPV | 19 508.00 | 1 123 611.70 | 0.06 |
| Total Deutschland |  | 25 305 041.71 | 1.26 |
| Irland |  |  |  |
| EUR	CRH ORD EUR0.32 | 27 805.00 | 906 216.53 | 0.04 |
| GBP	EXPERIAN ORD USD0.10 | 20 703.00 | 719 990.69 | 0.04 |
| EUR	KINGSPAN GROUP ORD EUR0.13(DUBLIN LISTING) | 5 303.00 | 327 677.90 | 0.02 |
| EUR	SMURFIT KAPPA GRP ORD EUR0.001 | 7 220.00 | 234 991.95 | 0.01 |
| Total Irland |  | 2 188 877.07 | 0.11 |
| Isle of Man |  |  |  |
| GBP	GVC HLDGS PLC ORD EUR0.01 | 15 799.00 | 154 852.10 | 0.01 |
| Total Isle of Man |  | 154 852.10 | 0.01 |
| Italien |  |  |  |
| EUR	ATLANTIA SPA EUR1 | 19 644.00 | 318 915.39 | 0.01 |
| EUR	DAVIDE DE CAMPARI EUR0.05 (POST SUBD) | 20 892.00 | 169 646.28 | 0.01 |
| EUR	ENEL EUR1 | 302 968.00 | 2 325 681.55 | 0.11 |
| EUR	ENI SPA EUR1 | 95 216.00 | 860 335.51 | 0.04 |
| EUR	FERRARI NV EUR0.01(NEW) | 4 538.00 | 766 767.55 | 0.04 |
| EUR	INTESA SANPAOLO NPV | 545 890.00 | 942 649.48 | 0.05 |
| EUR	MEDIOBANCA SPA EUR0.5 | 21 106.00 | 137 013.29 | 0.01 |
| EUR	MONCLER SPA NPV | 6 896.00 | 256 587.11 | 0.01 |
| EUR	NEXI SPA NPV | 9 033.00 | 148 406.86 | 0.01 |
| EUR	PIRELLI & C SPA NPV | 20 679.00 | 92 699.21 | 0.00 |
| EUR	PRYSMIAN SPA EUR0.10 | 9 482.00 | 201 928.11 | 0.01 |
| EUR	RECORDATI EUR0.125 | 3 698.00 | 168 323.20 | 0.01 |
| EUR	SNAM EUR1 | 72 821.00 | 338 914.20 | 0.02 |
| EUR	TERNA SPA ORD EUR0.22 | 51 514.00 | 347 820.70 | 0.02 |
| EUR	UNICREDIT SPA NPV (POST REV SPLIT) | 77 173.00 | 658 075.40 | 0.03 |
| Total Italien |  | 7 733 763.84 | 0.38 |
| Japan |  |  |  |
| JPY	ABC-MART INC NPV | 400.00 | 24 318.93 | 0.00 |
| JPY	AEON CO LTD NPV | 12 800.00 | 283 183.74 | 0.01 |
| JPY	AEON MALL CO LTD NPV | 2 800.00 | 39 374.39 | 0.00 |
| JPY	AGC INC NPV | 3 700.00 | 104 747.76 | 0.01 |
| JPY	AJINOMOTO CO INC NPV | 7 600.00 | 129 588.34 | 0.01 |
| JPY	ALFRESA HOLDINGS NPV | 3 200.00 | 64 543.56 | 0.00 |
| JPY	ANA HOLDINGS INC NPV | 1 000.00 | 24 124.01 | 0.00 |
| JPY	ASAHI GROUP HLDGS NPV | 6 400.00 | 241 065.58 | 0.01 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  |  | Nominal | NR Kursgewinn | Netto- |
|  |  |  | (-verlust) auf Futures/ | vermögens |
|  |  |  | Devisentermin- |  |
|  |  |  | kontrakten/ |  |
|  |  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| JPY | ASAHI KASEI CORP NPV | 24 300.00 | 191 720.43 | 0.01 |
| JPY | ASTELLAS PHARMA NPV | 35 600.00 | 632 628.21 | 0.03 |
| JPY | BRIDGESTONE CORP NPV | 10 100.00 | 335 338.57 | 0.02 |
| JPY | BROTHER INDUSTRIES NPV | 3 600.00 | 67 799.69 | 0.00 |
| JPY | CANON INC NPV | 17 700.00 | 364 563.98 | 0.02 |
| JPY | CASIO COMPUTER CO NPV | 4 300.00 | 75 714.49 | 0.00 |
| JPY | CHUBU ELEC POWER NPV | 11 400.00 | 153 537.85 | 0.01 |
| JPY | CHUGOKU ELEC POWER NPV | 5 700.00 | 78 303.24 | 0.00 |
| JPY | DAI NIPPON PRINTNG NPV | 5 200.00 | 118 204.86 | 0.01 |
| JPY | DAIWA SECS GROUP NPV | 28 500.00 | 118 169.12 | 0.01 |
| JPY | DENSO CORP NPV | 7 600.00 | 291 415.05 | 0.01 |
| JPY | DENTSU GROUP INC NPV | 3 700.00 | 99 081.08 | 0.01 |
| JPY | EAST JAPAN RAILWAY NPV | 5 800.00 | 454 912.52 | 0.02 |
| JPY | ELEC POWER DEV NPV | 2 600.00 | 49 062.98 | 0.00 |
| JPY | FAMILYMART CO LTD NPV | 4 300.00 | 80 583.84 | 0.00 |
| JPY | FUJI FILM HLD CORP NPV | 7 100.00 | 328 260.09 | 0.02 |
| JPY | FUJITSU NPV | 3 700.00 | 381 213.17 | 0.02 |
| JPY | HAKUHODO DY HLDGS NPV | 4 100.00 | 50 957.44 | 0.00 |
| JPY | HAMAMATSU PHOTONIC NPV | 2 300.00 | 104 181.56 | 0.01 |
| JPY | HINO MOTORS NPV | 4 800.00 | 32 479.70 | 0.00 |
| JPY | HITACHI CONST MACH NPV | 1 700.00 | 44 655.87 | 0.00 |
| JPY | HITACHI METALS NPV | 2 000.00 | 23 056.57 | 0.00 |
| JPY | HITACHI NPV | 18 800.00 | 602 905.28 | 0.03 |
| JPY | HONDA MOTOR CO NPV | 30 900.00 | 798 492.60 | 0.04 |
| JPY | HOYA CORP NPV | 7 200.00 | 675 657.87 | 0.03 |
| JPY | IIDA GROUP HOLDING NPV | 3 300.00 | 49 009.14 | 0.00 |
| JPY | INPEX CORPORATION NPV | 21 600.00 | 150 549.40 | 0.01 |
| JPY | ITOCHU CORP NPV | 25 200.00 | 540 325.80 | 0.03 |
| JPY | JAPAN AIRLINES CO NPV | 2 100.00 | 41 265.14 | 0.00 |
| JPY | JAPAN POST BANK CO NPV | 7 100.00 | 58 653.18 | 0.00 |
| JPY | JAPAN POST HOLD CO NPV | 28 600.00 | 208 152.04 | 0.01 |
| JPY | JAPAN PRIME REALTY INVESTMENT CORP | 15.00 | 45 806.84 | 0.00 |
| JPY | JAPAN RETAIL FUND INVESTMENT CORP | 46.00 | 60 715.65 | 0.00 |
| JPY | JAPAN TOBACCO INC NPV | 22 600.00 | 448 391.89 | 0.02 |
| JPY | JFE HOLDINGS INC NPV | 10 500.00 | 77 189.40 | 0.00 |
| JPY | JXTG HOLDINGS INC NPV | 58 900.00 | 226 502.72 | 0.01 |
| JPY | KDDI CORP NPV | 31 500.00 | 916 916.52 | 0.05 |
| JPY | KEYENCE CORP NPV | 3 400.00 | 1 399 638.01 | 0.07 |
| JPY | KONAMI HOLDINGS CORP NPV | 1 500.00 | 52 698.75 | 0.00 |
| JPY | KUBOTA CORP NPV | 20 700.00 | 278 504.20 | 0.01 |
| JPY | KYOCERA CORP NPV | 5 900.00 | 319 328.91 | 0.02 |
| JPY | KYOWA KIRIN CO LTD NPV | 4 500.00 | 122 049.47 | 0.01 |
| JPY | LAWSON INC NPV | 500.00 | 27 660.46 | 0.00 |
| JPY | LIXIL GROUP CORP COM NPV | 5 600.00 | 78 177.01 | 0.00 |
| JPY | MARUBENI CORP NPV | 30 100.00 | 146 204.39 | 0.01 |
| JPY | MAZDA MOTOR CORP NPV | 8 800.00 | 56 278.83 | 0.00 |
| JPY | MEDIPAL HOLDINGS CORP NPV | 3 400.00 | 67 441.41 | 0.00 |
| JPY | MERCARI INC NPV | 1 600.00 | 47 672.53 | 0.00 |
| JPY | MITSUBISHI CHEM HL NPV | 27 200.00 | 160 142.57 | 0.01 |
| JPY | MITSUBISHI CORP NPV | 25 500.00 | 595 280.09 | 0.03 |
| JPY | MITSUBISHI ELEC CP NPV | 34 900.00 | 459 513.16 | 0.02 |
| JPY | MITSUBISHI ESTATE NPV | 20 800.00 | 330 722.61 | 0.02 |
| JPY | MITSUBISHI HVY IND NPV | 6 700.00 | 173 353.60 | 0.01 |
| JPY | MITSUBISHI MATERLS NPV | 2 000.00 | 45 537.66 | 0.00 |
| JPY | MITSUBISHI UFJ FIN NPV | 229 200.00 | 945 009.89 | 0.05 |
| JPY | MITSUI & CO NPV | 31 300.00 | 475 158.03 | 0.02 |
| JPY | MIZUHO FINL GP NPV | 434 700.00 | 542 694.12 | 0.03 |
| JPY | MS&AD INSURANCE GROUP HOLDINGS INC NPV | 9 500.00 | 279 087.58 | 0.01 |
| JPY | MURATA MFG CO NPV | 10 900.00 | 608 562.68 | 0.03 |
| JPY | NEC CORP NPV | 5 200.00 | 233 368.92 | 0.01 |
| JPY | NEXON CO LTD NPV | 8 800.00 | 183 457.56 | 0.01 |
| JPY | NGK INSULATORS NPV | 4 200.00 | 61 556.60 | 0.00 |
| JPY | NGK SPARK PLUG CO NPV | 2 800.00 | 45 144.10 | 0.00 |
| JPY | NIKON CORP NPV | 5 500.00 | 50 540.68 | 0.00 |
| JPY | NINTENDO CO LTD NPV | 2 200.00 | 889 107.54 | 0.04 |
| JPY | NIPPON PROLOGIS RE REIT | 33.00 | 93 117.37 | 0.01 |
| JPY | NIPPON TEL&TEL CP NPV | 24 000.00 | 544 447.03 | 0.03 |
| JPY | NIPPON YUSEN KK NPV | 4 200.00 | 60 543.00 | 0.00 |
| JPY | NISSAN MOTOR CO NPV | 39 900.00 | 148 474.59 | 0.01 |
| JPY | NOMURA HOLDINGS NPV | 58 400.00 | 250 924.59 | 0.01 |
| JPY | NOMURA REAL EST MA REIT | 90.00 | 110 688.26 | 0.01 |
| JPY | NOMURA RESEARCH IN NPV | 6 000.00 | 158 611.41 | 0.01 |
| JPY | NTT DATA CORP NPV | 13 600.00 | 157 163.41 | 0.01 |
| JPY | NTT DOCOMO NPV | 23 300.00 | 638 325.06 | 0.03 |
| JPY | OMRON CORP NPV | 3 300.00 | 218 703.30 | 0.01 |
| JPY | ORIX CORP NPV | 22 800.00 | 302 419.83 | 0.02 |
| JPY | ORIX JREIT INC REIT | 54.00 | 78 091.61 | 0.00 |
| JPY | OSAKA GAS CO NPV | 7 100.00 | 141 887.97 | 0.01 |
| JPY | OTSUKA CORP NPV | 2 800.00 | 135 146.43 | 0.01 |
| JPY | OTSUKA HLDGS CO NPV | 7 700.00 | 347 638.19 | 0.02 |
| JPY | PANASONIC CORP NPV | 43 200.00 | 386 147.49 | 0.02 |
| JPY | PARK 24 CO LTD NPV | 1 700.00 | 32 994.85 | 0.00 |
| JPY | RENESAS ELECTRONIC NPV | 13 700.00 | 71 084.61 | 0.00 |
| JPY | RESONA HOLDINGS NPV | 40 400.00 | 145 422.75 | 0.01 |
| JPY | RICOH CO NPV | 13 400.00 | 99 005.89 | 0.01 |
| JPY | ROHM CO LTD NPV | 1 700.00 | 114 401.08 | 0.01 |
| JPY | SANTEN PHARM CO NPV | 8 600.00 | 158 852.74 | 0.01 |
| JPY | SEGA SAMMY HLDGS I NPV | 3 800.00 | 49 521.51 | 0.00 |
| JPY | SEIKO EPSON CORP NPV | 4 300.00 | 48 454.08 | 0.00 |
| JPY | SEKISUI CHEMICAL NPV | 5 400.00 | 75 435.10 | 0.00 |
| JPY | SEVEN & I HOLDINGS NPV | 14 300.00 | 489 386.93 | 0.02 |
| JPY | SG HOLDINGS CO LTD NPV | 3 400.00 | 110 929.60 | 0.01 |
| JPY | SHIMADZU CORP NPV | 4 000.00 | 108 228.52 | 0.01 |
| JPY | SHIMAMURA CO NPV | 400.00 | 28 143.13 | 0.00 |
| JPY | SOFTBANK CORP NPV | 29 500.00 | 374 038.15 | 0.02 |
| JPY | SOFTBANK GROUP CO NPV | 29 400.00 | 1 318 613.28 | 0.07 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  |  | Nominal | NR Kursgewinn | Netto- |
|  |  |  | (-verlust) auf Futures/ | vermögens |
|  |  |  | Devisentermin- |  |
|  |  |  | kontrakten/ |  |
|  |  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| JPY | SOHGO SECURITY SER NPV | 1 100.00 | 54 114.26 | 0.00 |
| JPY | SOMPO HOLDINGS INC NPV | 6 000.00 | 213 412.54 | 0.01 |
| JPY | SONY CORP NPV | 24 400.00 | 1 556 834.84 | 0.08 |
| JPY | SUBARU CORPORATION NPV | 11 900.00 | 262 720.10 | 0.01 |
| JPY | SUMCO CORPORATION NPV | 6 200.00 | 95 012.76 | 0.01 |
| JPY | SUMITOMO CHEM CO NPV | 23 000.00 | 71 304.59 | 0.00 |
| JPY | SUMITOMO CORP NPV | 23 300.00 | 280 720.29 | 0.01 |
| JPY | SUMITOMO DAINIPPON PHARMA CO LTD | 2 700.00 | 38 168.65 | 0.00 |
| JPY | SUMITOMO ELECTRIC NPV | 13 200.00 | 153 704.93 | 0.01 |
| JPY | SUMITOMO MITSUI FG NPV | 24 700.00 | 715 081.46 | 0.04 |
| JPY | SUMITOMO MITSUI TR NPV | 5 500.00 | 161 883.33 | 0.01 |
| JPY | SUMITOMO RLTY&DEV NPV | 6 700.00 | 185 604.96 | 0.01 |
| JPY | TAKEDA PHARMACEUTI NPV | 29 149.00 | 1 133 925.47 | 0.06 |
| JPY | TDK CORP NPV | 2 400.00 | 224 550.98 | 0.01 |
| JPY | TOKIO MARINE HLDG NPV | 12 600.00 | 545 939.58 | 0.03 |
| JPY | TOKYO ELEC POWER H NPV | 30 000.00 | 101 081.36 | 0.01 |
| JPY | TOKYO ELECTRON NPV | 3 000.00 | 598 691.24 | 0.03 |
| JPY | TOKYU FUDOSAN HLDG NPV | 10 300.00 | 52 200.31 | 0.00 |
| JPY | TOPPAN PRINTING CO NPV | 5 200.00 | 88 955.31 | 0.00 |
| JPY | TOSHIBA CORP NPV | 6 900.00 | 188 551.54 | 0.01 |
| JPY | TOYOTA MOTOR CORP NPV | 40 700.00 | 2 551 895.88 | 0.13 |
| JPY | TREND MICRO INC NPV | 2 000.00 | 109 899.29 | 0.01 |
| JPY | UNICHARM CORP NPV | 8 100.00 | 301 489.77 | 0.02 |
| JPY | UNITED URBAN INVESTMENT CORP | 54.00 | 57 240.45 | 0.00 |
| JPY | WEST JAPAN RAILWAY NPV | 3 500.00 | 225 817.98 | 0.01 |
| JPY | YAMADA DENKI CO NPV | 10 000.00 | 48 637.86 | 0.00 |
| JPY | YAMAHA MOTOR CO NPV | 6 900.00 | 99 591.59 | 0.01 |
| JPY | YAMAZAKI BAKING CO NPV | 1 600.00 | 28 677.77 | 0.00 |
| JPY | YASKAWA ELEC CORP NPV | 4 000.00 | 143 685.90 | 0.01 |
| JPY | YOKOGAWA ELECTRIC NPV | 3 800.00 | 54 741.73 | 0.00 |
| JPY | YOKOHAMA RUBBER CO NPV | 3 000.00 | 45 305.61 | 0.00 |
| JPY | Z HOLDINGS CORP NPV | 48 300.00 | 197 261.80 | 0.01 |
| Total Japan |  | 36 144 757.34 | 1.80 |
| Luxemburg |  |  |  |
| EUR	ARCELORMITTAL NPV(POST STOCK SPLIT) | 26 770.00 | 256 236.33 | 0.01 |
| EUR	TENARIS S.A. USD1 | 16 933.00 | 105 327.68 | 0.01 |
| Total Luxemburg |  | 361 564.01 | 0.02 |
| Niederlande |  |  |  |
| EUR	ADYEN NV EUR0.01 | 599.00 | 788 230.12 | 0.04 |
| EUR	AEGON NV EUR0.12 | 56 502.00 | 151 154.25 | 0.01 |
| EUR	ASML HOLDING NV EUR0.09 | 15 810.00 | 5 151 892.96 | 0.26 |
| EUR	CNH INDUSTRIAL NV COM EUR0.01 | 36 639.00 | 222 198.40 | 0.01 |
| EUR	FIAT CHRYSLER AUTO EUR0.01 | 38 402.00 | 339 254.16 | 0.02 |
| EUR	KONINKLIJKE DSM NV EUR1.5 | 6 663.00 | 852 703.21 | 0.04 |
| EUR	NN GROUP N.V. EUR0.12 | 11 568.00 | 357 335.05 | 0.02 |
| EUR	PROSUS N.V. EUR0.05 | 17 860.00 | 1 482 046.20 | 0.07 |
| GBP	ROYAL DUTCH SHELL PLC 'A'SHS EUR0.07 | 91 429.00 | 1 423 320.01 | 0.07 |
| Total Niederlande |  | 10 768 134.36 | 0.54 |
| Portugal |  |  |  |
| EUR	EDP ENERGIAS PORTU EUR1(REGD) | 93 687.00 | 440 090.38 | 0.02 |
| EUR	GALP ENERGIA EUR1-B | 20 229.00 | 241 106.02 | 0.01 |
| EUR	JERONIMO MARTINS EUR5 | 10 013.00 | 171 301.83 | 0.01 |
| Total Portugal |  | 852 498.23 | 0.04 |
| Spanien |  |  |  |
| EUR	BANCO SANTANDER SA EUR0.50(REGD) | 599 965.00 | 1 359 768.55 | 0.07 |
| EUR	BANKINTER SA EUR0.3(REGD) | 22 667.00 | 96 089.18 | 0.00 |
| EUR	BBVA(BILB-VIZ-ARG) EUR0.49 | 244 252.00 | 758 840.54 | 0.04 |
| EUR	MAPFRE SA EUR0.10 | 39 599.00 | 69 727.90 | 0.00 |
| Total Spanien |  | 2 284 426.17 | 0.11 |
| Schweiz |  |  |  |
| CHF	ABB LTD CHF0.12 (REGD) | 87 122.00 | 1 713 057.75 | 0.08 |
| CHF	ADECCO GROUP AG CHF0.1 (REGD) | 7 637.00 | 362 652.17 | 0.02 |
| CHF	ALCON AG CHF0.04 | 22 741.00 | 1 464 778.89 | 0.07 |
| CHF	BALOISE-HLDGS CHF0.1(REGD) | 2 538.00 | 360 873.11 | 0.02 |
| CHF	BARRY CALLEBAUT AG CHF0.02 (REGD) | 140.00 | 281 544.71 | 0.01 |
| CHF	BQE CANT VAUDOISE CHF1 | 200.00 | 19 444.16 | 0.00 |
| CHF	CLARIANT CHF4.00(REGD) | 10 325.00 | 189 314.96 | 0.01 |
| GBP	COCA-COLA HBC AG ORD CHF6.70 | 4 049.00 | 102 017.77 | 0.00 |
| CHF	CREDIT SUISSE GRP CHF0.04(REGD) | 119 354.00 | 1 089 305.58 | 0.05 |
| CHF	EMS-CHEMIE HLDG AG CHF0.01(REGD)(POST RECON) | 392.00 | 289 909.44 | 0.01 |
| CHF	GEBERIT CHF0.10(REGD) | 1 699.00 | 826 421.05 | 0.04 |
| CHF	GIVAUDAN AG CHF10 | 435.00 | 1 560 783.80 | 0.08 |
| CHF	JULIUS BAER GRUPPE CHF0.02 (REGD) | 10 722.00 | 456 469.03 | 0.02 |
| CHF	KUEHNE&NAGEL INTL CHF1(REGD)(POST-SUBD) | 2 449.00 | 352 806.92 | 0.02 |
| CHF	LAFARGEHOLCIM LTD CHF2 (REGD) | 22 830.00 | 944 378.27 | 0.05 |
| CHF	LINDT & SPRUENGLI CHF100(REGD) | 5.00 | 434 058.50 | 0.02 |
| CHF	LOGITECH INTL CHF0.25(REGD) (POST-SUBD) | 6 000.00 | 353 991.88 | 0.02 |
| CHF	LONZA GROUP AG CHF1(REGD) | 3 598.00 | 1 765 855.11 | 0.09 |
| CHF	NESTLE SA CHF0.10(REGD) | 141 093.00 | 15 253 376.68 | 0.76 |
| CHF	NOVARTIS AG CHF0.50(REGD) | 101 573.00 | 8 778 605.38 | 0.44 |
| CHF	PARTNERS GROUP HLG CHF0.01 (REGD) | 875.00 | 723 534.92 | 0.04 |
| CHF	RICHEMONT(CIE FIN) CHF1.00 (REG) SER 'A' | 24 389.00 | 1 418 608.64 | 0.07 |
| CHF	SCHINDLER-HLDG AG CHF0.1(REGD)(POST-SUBD) | 1 056.00 | 244 461.75 | 0.01 |
| CHF	SGS LTD CHF1(REGD) | 282.00 | 661 923.60 | 0.03 |
| CHF	SIKA AG CHF0.01 (REG) | 6 365.00 | 1 089 874.57 | 0.05 |
| CHF	SONOVA HOLDING AG CHF0.05 (REGD) | 2 558.00 | 560 486.10 | 0.03 |
| CHF	STRAUMANN HLDG CHF0.1(REGD) | 490.00 | 396 814.82 | 0.02 |
| CHF	SWATCH GROUP CHF0.45(REGD) | 2 713.00 | 105 447.51 | 0.01 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  |  | Nominal | NR Kursgewinn | Netto- |
|  |  |  | (-verlust) auf Futures/ | vermögens |
|  |  |  | Devisentermin- |  |
|  |  |  | kontrakten/ |  |
|  |  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| CHF | SWISS LIFE HLDG CHF5.1(REGD) | 1 553.00 | 545 417.09 | 0.03 |
| CHF | SWISS PRIME SITE CHF15.3 (REGD) | 3 624.00 | 337 239.10 | 0.02 |
| CHF | SWISSCOM AG CHF1(REGD) | 1 163.00 | 605 045.70 | 0.03 |
| CHF | TEMENOS AG CHF5 (REGD) | 3 126.00 | 477 343.81 | 0.02 |
| CHF | UBS GROUP CHF0.10 (REGD) | 180 195.00 | 1 931 933.49 | 0.10 |
| CHF | ZURICH INSURANCE GRP CHF0.10 | 6 960.00 | 2 242 240.03 | 0.11 |
| Total Schweiz |  | 47 940 016.29 | 2.38 |
| Grossbritannien |  |  |  |
| GBP	ADMIRAL GROUP ORD GBP0.001 | 4 734.00 | 136 542.19 | 0.01 |
| GBP	ANGLO AMERICAN USD0.54945 | 25 746.00 | 541 297.24 | 0.03 |
| GBP	ANTOFAGASTA ORD GBP0.05 | 6 967.00 | 75 486.98 | 0.00 |
| GBP	ASHTEAD GROUP ORD GBP0.10 | 9 388.00 | 277 740.78 | 0.01 |
| GBP	ASSOCD BRIT FOODS ORD GBP0.0568 | 6 990.00 | 157 366.03 | 0.01 |
| GBP	AUTO TRADER GROUP ORD GBP0.01 | 23 823.00 | 164 403.16 | 0.01 |
| GBP	BARCLAYS ORD GBP0.25 | 400 925.00 | 571 202.71 | 0.03 |
| GBP	BERKELEY GP HLDGS ORD GBP0.05 | 2 866.00 | 145 095.51 | 0.01 |
| GBP	BP ORD USD0.25 | 447 045.00 | 1 689 824.40 | 0.08 |
| GBP	BURBERRY GROUP ORD GBP0.0005 | 8 275.00 | 152 995.38 | 0.01 |
| GBP	COMPASS GROUP ORD GBP0.1105 | 38 145.00 | 558 358.58 | 0.03 |
| GBP	CRODA INTL ORD GBP0.10609756 | 2 633.00 | 168 943.73 | 0.01 |
| GBP	DIAGEO ORD GBP0.28 101/108 | 52 020.00 | 1 794 635.46 | 0.09 |
| GBP	DIRECT LINE INSURA ORD GBP 0.109090909 | 24 839.00 | 81 254.57 | 0.00 |
| GBP	FERGUSON PLC (NEW) ORD GBP0.10 | 4 981.00 | 392 018.94 | 0.02 |
| GBP	GLAXOSMITHKLINE ORD GBP0.25 | 112 853.00 | 2 332 498.09 | 0.12 |
| GBP	HARGREAVES LANSDOW ORD GBP0.004 (WI) | 7 770.00 | 176 126.95 | 0.01 |
| GBP	HSBC HLDGS ORD USD0.50(UK REG) | 451 714.00 | 2 066 838.32 | 0.10 |
| GBP	IMPERIAL BRANDS PL GBP0.10 | 21 009.00 | 380 900.31 | 0.02 |
| GBP	INTERCONTL HOTELS ORD GBP0.208521303 | 4 138.00 | 198 032.98 | 0.01 |
| GBP	INTERTEK GROUP ORD GBP0.01 | 3 794.00 | 258 260.15 | 0.01 |
| GBP	LEGAL & GENERAL GP ORD GBP0.025 | 128 499.00 | 315 343.68 | 0.02 |
| GBP	LONDON STOCK EXCH ORD GBP0.06918604 | 7 177.00 | 712 495.89 | 0.04 |
| GBP	M&G PLC ORD GBP0.05 | 54 664.00 | 94 613.54 | 0.00 |
| GBP	MONDI ORD EUR0.20 | 11 672.00 | 217 605.81 | 0.01 |
| GBP	MORRISON(W)SUPRMKT ORD GBP0.10 | 40 598.00 | 93 707.18 | 0.00 |
| GBP	NEXT ORD GBP0.10 | 2 642.00 | 158 873.06 | 0.01 |
| GBP	PEARSON ORD GBP0.25 | 15 473.00 | 88 645.03 | 0.00 |
| GBP	PERSIMMON ORD GBP0.10 | 7 259.00 | 205 780.74 | 0.01 |
| GBP	PRUDENTIAL ORD GBP0.05 | 58 675.00 | 759 492.78 | 0.04 |
| GBP	RIO TINTO ORD GBP0.10 | 25 317.00 | 1 349 943.43 | 0.07 |
| GBP	ROYAL BK SCOT GRP ORD GBP1 (POST CONS) | 97 015.00 | 132 353.39 | 0.01 |
| GBP	RSA INSURANCE GRP ORD GBP1.00 | 20 524.00 | 100 048.97 | 0.00 |
| GBP	SAINSBURY(J) ORD GBP0.28571428 | 35 662.00 | 85 532.53 | 0.00 |
| GBP	SCHRODERS VTG SHS GBP1 | 3 433.00 | 125 416.64 | 0.01 |
| GBP	SMITH & NEPHEW ORD USD0.20 | 20 297.00 | 412 030.03 | 0.02 |
| GBP	STANDARD CHARTERED ORD USD0.50 | 59 884.00 | 272 743.43 | 0.01 |
| GBP	STD LIFE ABERDEEN ORD GBP0.1396825396 | 59 222.00 | 189 117.34 | 0.01 |
| GBP	TAYLOR WIMPEY ORD GBP0.01 | 63 232.00 | 112 257.46 | 0.01 |
| GBP	TESCO ORD GBP0.05 | 209 307.00 | 590 763.33 | 0.03 |
| GBP	UNILEVER PLC ORD GBP0.031111 | 24 460.00 | 1 309 992.38 | 0.06 |
| GBP	VODAFONE GROUP ORD USD0.2095238(POST CONS) | 596 601.00 | 981 126.01 | 0.05 |
| Total Grossbritannien |  | 20 627 705.11 | 1.03 |
| Vereinigte Staaten |  |  |  |
| CAD	BAUSCH HEALTH COMP COM NPV | 17 834.00 | 327 210.42 | 0.02 |
| CAD	OVINTIV INC COM USD0.01 | 6 659.00 | 50 007.54 | 0.00 |
| Total Vereinigte Staaten |  | 377 217.96 | 0.02 |
| Total Namensaktien |  | 217 315 532.40 | 10.80 |
| Depository Receipts |  |  |  |
| Luxemburg |  |  |  |
| EUR	SES S.A. FDR EACH REP 1 'A' NPV | 12 841.00 | 95 043.64 | 0.00 |
| Total Luxemburg |  | 95 043.64 | 0.00 |
| Niederlande |  |  |  |
| EUR	ABN AMRO BANK N.V. DR EACH REP SHS | 15 860.00 | 127 197.89 | 0.01 |
| Total Niederlande |  | 127 197.89 | 0.01 |
| Total Depository Receipts |  | 222 241.53 | 0.01 |
| Zertifikate auf Anlagefonds |  |  |  |
| Irland |  |  |  |
| USD	STAR COMPASS PLC/UBS DYNMC DIVERSIFIED LTD NOTE DUE 31.03.21	49 150 000.00 | 72 083 390.00 | 3.58 |
| Total Irland | 72 083 390.00 | 3.58 |
| Total Zertifikate auf Anlagefonds | 72 083 390.00 | 3.58 |

Investment Fonds, closed end
| Kanada |  |
| --- | --- |
| CAD | RIOCAN REAL ESTATE INVESTMENT TRUST | 7 748.00 | 81 616.90 | 0.00 |
| Total Kanada |  | 81 616.90 | 0.00 |
| Grossbritannien |  |  |  |
| GBP	SEGRO PLC REIT | 31 068.00 | 322 485.06 | 0.02 |
| Total Grossbritannien |  | 322 485.06 | 0.02 |
| Total Investment Fonds, closed end |  | 404 101.96 | 0.02 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
| Bezeichnung	Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- |
| Nominal | NR Kursgewinn | Netto- |
|  | (-verlust) auf Futures/ | vermögens |
|  | Devisentermin- |  |
|  | kontrakten/ |  |
|  | Swaps (Erl. 1) |  |

| Anrechte |  |
| --- | --- |
| Grossbritannien |  |  |  |
| GBP	WHITBREAD PLC-NIL RIGHTS 09.06.20 | 1 724.00 | 21 356.44 | 0.00 |
| Total Grossbritannien |  | 21 356.44 | 0.00 |
| Total Anrechte |  | 21 356.44 | 0.00 |
| Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	3M CO 2.25000% 16-19.09.26 | 1 500 000.00 | 1 602 931.95 | 0.08 |
| USD	ABU DHABI,GOVERNMENT OF-REG-S 3.12500% 17-11.10.27 | 5 675 000.00 | 6 086 437.50 | 0.30 |
| USD	ALBERTA, PROVINCE OF 3.30000% 18-15.03.28 | 3 600 000.00 | 4 150 461.24 | 0.21 |
| USD	ALPHABET INC 1.99800% 16-15.08.26 | 4 075 000.00 | 4 408 083.57 | 0.22 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 1 100 000.00 | 1 172 334.02 | 0.06 |
| USD	APPLE INC 1.65000% 20-11.05.30 | 1 970 000.00 | 1 998 838.63 | 0.10 |
| USD	APPLE INC 2.20000% 19-11.09.29 | 4 500 000.00 | 4 830 579.90 | 0.24 |
| USD	APPLE INC 2.40000% 13-03.05.23 | 1 000 000.00 | 1 058 418.50 | 0.05 |
| USD	APPLE INC 2.45000% 16-04.08.26 | 2 500 000.00 | 2 725 158.50 | 0.14 |
| USD	APPLE INC 2.85000% 16-23.02.23 | 150 000.00 | 159 346.95 | 0.01 |
| USD	APPLE INC 3.20000% 17-11.05.27 | 3 290 000.00 | 3 712 473.84 | 0.18 |
| USD	ASIAN DEVELOPMENT BANK 2.62500% 19-30.01.24 | 1 000 000.00 | 1 080 790.00 | 0.05 |
| USD	BANK OF NOVA SCOTIA 2.00000% 19-15.11.22 | 1 260 000.00 | 1 294 751.56 | 0.06 |
| USD	BAYER US FINANCE II LLC-REG-S 3.87500% 18-15.12.23 | 1 700 000.00 | 1 833 609.80 | 0.09 |
| USD	BERKSHIRE HATHAWAY INC 2.20000% 16-15.03.21 | 1 075 000.00 | 1 088 698.29 | 0.05 |
| USD	BERKSHIRE HATHAWAY INC 3.12500% 16-15.03.26 | 2 100 000.00 | 2 347 845.36 | 0.12 |
| USD	BRITISH COLUMBIA, PROVINCE OF 1.75000% 19-27.09.24 | 700 000.00 | 732 529.00 | 0.04 |
| USD	CHEVRON CORP 2.23600% 20-11.05.30 | 2 576 000.00 | 2 706 554.25 | 0.13 |
| USD	CHEVRON CORP 2.41900% 15-17.11.20 | 750 000.00 | 755 369.63 | 0.04 |
| USD	CHEVRON CORP 3.19100% 13-24.06.23 | 725 000.00 | 779 308.22 | 0.04 |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 3.90000% 18-16.03.28 | 1 600 000.00 | 1 808 400.00 | 0.09 |
| USD	CORPORACION ANDINA DE FOMENTO 4.37500% 12-15.06.22 | 1 000 000.00 | 1 046 260.00 | 0.05 |
| USD	COUNCIL OF EUROPE DEVELOPMENT BANK 1.62500% 16-16.03.21 | 500 000.00 | 504 649.45 | 0.02 |
| USD	DEXIA CREDIT LOCAL SA-REG-S 2.50000% 18-25.01.21 | 1 050 000.00 | 1 063 576.18 | 0.05 |
| USD	EQUINOR ASA 3.62500% 18-10.09.28 | 4 000 000.00 | 4 528 232.40 | 0.22 |
| USD	EUROPEAN INVESTMENT BANK 2.00000% 16-15.03.21 | 100 000.00 | 101 256.00 | 0.01 |
| USD	EUROPEAN INVESTMENT BANK 2.37500% 17-24.05.27 | 4 000 000.00 | 4 455 468.00 | 0.22 |
| USD	EXPORT DEVELOPMENT CANADA 2.00000% 17-17.05.22 | 250 000.00 | 258 119.80 | 0.01 |
| USD	EXPORT-IMPORT BANK OF KOREA 2.50000% 15-10.05.21 | 900 000.00 | 914 062.50 | 0.05 |
| USD	EXPORT-IMPORT BANK OF KOREA 3.25000% 15-10.11.25 | 3 400 000.00 | 3 771 875.00 | 0.19 |
| USD	EXPORT-IMPORT BANK OF KOREA 2.75000% 17-25.01.22 | 2 075 000.00 | 2 133 359.38 | 0.11 |
| USD	EXXON MOBIL CORP 3.04300% 16-01.03.26 | 4 725 000.00 | 5 234 040.31 | 0.26 |
| USD	EXXON MOBIL CORP 3.48200% 20-19.03.30 | 1 500 000.00 | 1 696 372.65 | 0.08 |
| USD	HSBC BANK PLC-REG-S 4.12500% 10-12.08.20 | 625 000.00 | 629 411.13 | 0.03 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.37500% 17-07.07.27 | 1 900 000.00 | 2 115 472.54 | 0.11 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.25000% 19-18.06.29 | 3 375 000.00 | 3 773 863.91 | 0.19 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.00000% 19-23.07.26 | 2 800 000.00 | 3 021 315.36 | 0.15 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 2.85000% 19-13.05.22 | 1 000 000.00 | 1 045 622.70 | 0.05 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 1.75000% 19-23.10.29 | 1 600 000.00 | 1 726 624.00 | 0.09 |
| USD	JOHNSON & JOHNSON 2.45000% 16-01.03.26 | 4 425 000.00 | 4 840 065.45 | 0.24 |
| USD	JOHNSON & JOHNSON 2.90000% 17-15.01.28 | 1 000 000.00 | 1 124 445.90 | 0.06 |
| USD	JOHNSON & JOHNSON 3.37500% 13-05.12.23 | 1 000 000.00 | 1 106 832.00 | 0.05 |
| USD	KOREA DEVELOPMENT BANK 2.75000% 17-19.03.23 | 1 050 000.00 | 1 100 203.13 | 0.05 |
| USD	KOREA EAST-WEST POWER CO LTD-REG-S 3.87500% 18-19.07.23 | 1 030 000.00 | 1 115 940.62 | 0.06 |
| USD	KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 3.00000% 12-19.09.22 | 800 000.00 | 832 500.00 | 0.04 |
| USD	KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 3.12500% 17-25.07.27 | 3 450 000.00 | 3 697 968.75 | 0.18 |
| USD	KOREA SOUTH-EAST POWER CO LTD-REG-S 2.12500% 20-03.02.25 | 700 000.00 | 723 891.00 | 0.04 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.12500% 13-17.01.23 | 775 000.00 | 811 692.69 | 0.04 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.00000% 15-02.05.25 | 3 150 000.00 | 3 378 154.50 | 0.17 |
| USD	KUWAIT INTERNATIONAL GOVT BOND-REG-S 3.50000% 17-20.03.27 | 6 000 000.00 | 6 615 000.00 | 0.33 |
| USD	LANDWIRTSCHAFTLICHE RENTENBANK 2.00000% 15-13.01.25 | 3 875 000.00 | 4 135 826.25 | 0.21 |
| USD	MICROSOFT CORP 2.65000% 15-03.11.22 | 1 500 000.00 | 1 580 034.00 | 0.08 |
| USD	MICROSOFT CORP 2.87500% 17-06.02.24 | 1 500 000.00 | 1 624 927.80 | 0.08 |
| USD	MICROSOFT CORP 3.30000% 17-06.02.27 | 7 250 000.00 | 8 326 625.72 | 0.41 |
| USD	NATIONAL AUSTRALIA BANK LTD/NY 2.50000% 16-12.07.26 | 3 200 000.00 | 3 367 360.00 | 0.17 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 3.00000% 18-10.01.28 | 1 700 000.00 | 1 862 471.72 | 0.09 |
| USD	NORDIC INVESTMENT BANK 2.25000% 14-30.09.21 | 500 000.00 | 512 530.00 | 0.03 |
| USD	NOVARTIS CAPITAL CORP 2.40000% 12-21.09.22 | 750 000.00 | 782 850.45 | 0.04 |
| USD	NOVARTIS CAPITAL CORP 3.10000% 17-17.05.27 | 2 310 000.00 | 2 579 877.76 | 0.13 |
| USD	NOVARTIS CAPITAL CORP 2.20000% 20-14.08.30 | 1 830 000.00 | 1 934 342.21 | 0.10 |
| USD	QATAR, STATE OF-REG-S 2.37500% 16-02.06.21 | 1 450 000.00 | 1 464 953.13 | 0.07 |
| USD	QATAR, STATE OF-REG-S 3.37500% 19-14.03.24 | 600 000.00 | 637 687.50 | 0.03 |
| USD	QATAR, STATE OF-REG-S 4.00000% 19-14.03.29 | 3 000 000.00 | 3 382 500.00 | 0.17 |
| USD	QUEBEC, PROVINCE OF 2.50000% 16-20.04.26 | 4 450 000.00 | 4 859 222.00 | 0.24 |
| USD	ROCHE HOLDINGS INC-REG-S 3.62500% 18-17.09.28 | 3 000 000.00 | 3 506 453.10 | 0.17 |
| USD	SANOFI 4.00000% 11-29.03.21 | 1 100 000.00 | 1 132 916.84 | 0.06 |
| USD	SHELL INTERNATIONAL FINANCE BV 2.25000% 12-06.01.23 | 850 000.00 | 886 218.58 | 0.04 |
| USD	SHELL INTERNATIONAL FINANCE BV 1.87500% 16-10.05.21 | 450 000.00 | 455 890.64 | 0.02 |
| USD	SHELL INTERNATIONAL FINANCE BV 2.87500% 16-10.05.26 | 4 400 000.00 | 4 798 412.52 | 0.24 |
| USD	SINOPEC GROUP OVERSEAS DEV 2013-REG-S 4.37500% 13-17.10.23 | 675 000.00 | 734 325.75 | 0.04 |
| USD	STATE STREET CORP 2.40000% 20-24.01.30 | 785 000.00 | 833 704.46 | 0.04 |
| USD	TOTAL CAPITAL INTERNATIONAL SA 3.70000% 13-15.01.24 | 900 000.00 | 989 176.50 | 0.05 |
| USD	VISA INC 3.15000% 15-14.12.25 | 3 675 000.00 | 4 129 016.49 | 0.21 |
| USD	WALMART INC 2.55000% 13-11.04.23 | 1 425 000.00 | 1 501 334.54 | 0.07 |
| USD	WALMART INC 3.70000% 18-26.06.28 | 6 000 000.00 | 7 099 609.20 | 0.35 |
| USD	WESTPAC BANKING CORP 2.85000% 16-13.05.26 | 3 755 000.00 | 4 028 739.50 | 0.20 |
| USD	WESTPAC BANKING CORP 3.35000% 17-08.03.27 | 1 200 000.00 | 1 329 744.00 | 0.07 |
| Total USD |  | 178 175 946.72 | 8.86 |
| Total Notes, fester Zins |  | 178 175 946.72 | 8.86 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |

Medium-Term Notes, fester Zins
| USD |  |
| --- | --- |
| USD | AFRICAN DEVELOPMENT BANK 2.37500% 14-23.09.21 | 750 000.00 | 769 567.50 | 0.04 |
| USD | ASB FINANCE LTD-REG-S 2.12500% 16-01.09.21 | 1 000 000.00 | 1 002 593.50 | 0.05 |
| USD | ASIAN DEVELOPMENT BANK 2.62500% 17-12.01.27 | 3 250 000.00 | 3 648 857.55 | 0.18 |
| USD | ASIAN DEVELOPMENT BANK 2.00000% 17-16.02.22 | 500 000.00 | 514 255.00 | 0.03 |
| USD | ASIAN DEVELOPMENT BANK 2.50000% 17-02.11.27 | 4 000 000.00 | 4 502 930.40 | 0.22 |
| USD | ASIAN DEVELOPMENT BANK 1.75000% 19-19.09.29 | 5 000 000.00 | 5 374 559.00 | 0.27 |
| USD | BANK OF AMERICA CORP 3.24800% 16-21.10.27 | 2 950 000.00 | 3 224 030.22 | 0.16 |
| USD | BANK OF MONTREAL 1.90000% 16-27.08.21 | 900 000.00 | 915 395.40 | 0.05 |
| USD | CAISSE D'AMOR DE LA DETTE SOCIALE-REG-S 3.37500% 14-20.03.24 | 850 000.00 | 941 137.00 | 0.05 |
| USD | CLIFFORD CAPITAL PTE LTD-REG-S 1.73300% 19-10.09.24 | 1 500 000.00 | 1 528 755.00 | 0.08 |
| USD | COMMONWEALTH BANK OF AUSTRALIA-REG-S 3.15000% 17-19.09.27 | 725 000.00 | 780 912.00 | 0.04 |
| USD | CPPIB CAPITAL INC-REG-S 2.75000% 17-02.11.27 | 3 025 000.00 | 3 394 877.04 | 0.17 |
| USD | FINNVERA OYJ-REG-S 1.87500% 17-05.10.20 | 1 000 000.00 | 1 004 790.00 | 0.05 |
| USD | IDB TRUST SERVICES LTD-REG-S 2.26100% 17-26.09.22 | 1 550 000.00 | 1 598 717.74 | 0.08 |
| USD | INTERNATIONAL FINANCE CORP 2.12500% 16-07.04.26 | 1 700 000.00 | 1 849 651.00 | 0.09 |
| USD | INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 17-22.11.27 | 5 200 000.00 | 5 871 892.00 | 0.29 |
| USD | JAPAN TOBACCO INC-REG-S 2.80000% 16-13.04.26 | 1 800 000.00 | 1 887 840.00 | 0.09 |
| USD | KOMMUNEKREDIT-REG-S 1.62500% 16-01.06.21 | 350 000.00 | 354 230.10 | 0.02 |
| USD | KOREA DEVELOPMENT BANK 1.75000% 20-18.02.25 | 300 000.00 | 307 927.95 | 0.02 |
| USD | LANDESKREDITBANK B-WUERTT FOERDBK-REG-S 1.37500% 16-21.07.21 | 550 000.00 | 555 964.20 | 0.03 |
| USD | MACQUARIE GROUP LTD-REG-S 6.25000% 11-14.01.21 | 750 000.00 | 771 420.00 | 0.04 |
| USD | MDGH - GMTN BV-REG-S 3.00000% 17-19.04.24 | 1 100 000.00 | 1 146 750.00 | 0.06 |
| USD | MUNICIPALITY FINANCE PLC-REG-S 1.87500% 17-18.09.20 | 475 000.00 | 476 919.00 | 0.02 |
| USD | NEDERLANDSE WATERSCHAPSBK NV-REG-S 3.00000% 18-21.12.21 | 425 000.00 | 441 984.70 | 0.02 |
| USD | NESTLE HOLDINGS INC-REG-S 1.87500% 16-09.03.21 | 1 000 000.00 | 1 006 900.00 | 0.05 |
| USD | NESTLE HOLDINGS INC-REG-S 2.37500% 17-18.01.22 | 875 000.00 | 899 706.93 | 0.04 |
| USD | NESTLE HOLDINGS INC-REG-S 3.12500% 18-22.03.23 | 1 370 000.00 | 1 455 529.10 | 0.07 |
| USD | NISSAN MOTOR ACCEPTANCE CORP-REG-S 2.60000% 17-28.09.22 | 500 000.00 | 462 839.50 | 0.02 |
| USD | NORDRHEIN-WESTFALEN, STATE OF-REG-S 2.25000% 15-16.04.25 | 900 000.00 | 969 022.80 | 0.05 |
| USD | SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 2.50000% 20-03.02.27 | 2 100 000.00 | 2 112 600.00 | 0.10 |
| USD | SP POWERASSETS LTD-REG-S 3.25000% 15-24.11.25 | 1 500 000.00 | 1 631 025.00 | 0.08 |
| USD | SUMITOMO MITSUI BANKING CORP-REG-S 2.44000% 19-18.06.24 | 801 000.00 | 829 595.70 | 0.04 |
| USD | SVENSK EXPORTKREDIT AB 1.75000% 16-10.03.21 | 550 000.00 | 555 930.27 | 0.03 |
| USD | TOYOTA MOTOR CREDIT CORP 2.60000% 17-11.01.22 | 1 150 000.00 | 1 180 153.46 | 0.06 |
| USD | TOYOTA MOTOR FINANCE NL BV-REG-S 2.76400% 19-26.04.21 | 700 000.00 | 704 883.06 | 0.03 |
| Total USD |  |  | 54 674 142.12 | 2.72 |
| Total Medium-Term Notes, fester Zins |  | 54 674 142.12 | 2.72 |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	BNG BANK NV-REG-S 2.62500% 14-28.04.21 | 550 000.00 | 560 493.45 | 0.03 |
| USD	BNG BANK NV-REG-S 2.37500% 16-16.03.26 | 1 800 000.00 | 1 963 504.44 | 0.10 |
| USD	CAISSE D'AMORTIS DE LA DETTE SOC-REG-S 1.87500% 15-12.02.22 | 600 000.00 | 614 922.00 | 0.03 |
| USD	CANADIAN IMPERIAL BANK OF COM/CAN-REG-S 2.35000% 17-27.07.22 | 1 075 000.00 | 1 107 476.93 | 0.05 |
| USD	CENTRAL JAPAN RAILWAY CO-REG-S 3.40000% 18-06.09.23 | 1 400 000.00 | 1 482 266.38 | 0.07 |
| USD	DBS BANK LTD-REG-S 3.30000% 18-27.11.21 | 500 000.00 | 519 843.85 | 0.03 |
| USD	DNB BOLIGKREDITT AS-REG-S 2.50000% 17-28.03.22 | 500 000.00 | 516 265.00 | 0.03 |
| USD	EUROPEAN INVESTMENT BANK 1.87500% 15-10.02.25 | 2 900 000.00 | 3 087 672.34 | 0.15 |
| USD	FAB SUKUK CO LTD-REG-S 3.87500% 19-22.01.24 | 1 600 000.00 | 1 698 000.00 | 0.08 |
| USD	FMS WERTMANAGEMENT 2.00000% 17-01.08.22 | 550 000.00 | 569 524.39 | 0.03 |
| USD	ING BANK NV-REG-S 2.62500% 12-05.12.22 | 400 000.00 | 418 889.32 | 0.02 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 14-25.11.24 | 800 000.00 | 871 672.00 | 0.04 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 15-29.07.25 | 3 350 000.00 | 3 682 320.00 | 0.18 |
| USD	KOREA GAS CORP-REG-S 2.87500% 19-16.07.29 | 1 000 000.00 | 1 073 750.00 | 0.05 |
| USD	KOREA NATIONAL OIL CORP-REG-S 3.25000% 14-10.07.24 | 2 200 000.00 | 2 360 875.00 | 0.12 |
| USD	KOREA, REPUBLIC OF 3.87500% 13-11.09.23 | 1 400 000.00 | 1 529 937.50 | 0.08 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.50000% 14-20.11.24 | 1 225 000.00 | 1 335 232.48 | 0.07 |
| USD	MORGAN STANLEY 5.50000% 10-24.07.20 | 949 000.00 | 955 766.37 | 0.05 |
| USD	NATIONWIDE BUILDING SOCIETY-REG-S 1.70000% 20-13.02.23 | 1 284 000.00 | 1 313 833.87 | 0.07 |
| USD	NOVARTIS CAPITAL CORP 3.40000% 14-06.05.24 | 1 000 000.00 | 1 101 914.70 | 0.05 |
| USD	OESTERREICHISCHE KONTROLLBANK AG 2.37500% 14-01.10.21 | 675 000.00 | 693 358.18 | 0.03 |
| USD	ONTARIO, PROVINCE OF 3.20000% 14-16.05.24 | 1 600 000.00 | 1 754 304.16 | 0.09 |
| USD	ONTARIO, PROVINCE OF 2.50000% 16-27.04.26 | 3 500 000.00 | 3 814 860.00 | 0.19 |
| USD	ROYAL BANK OF CANADA 2.10000% 15-14.10.20 | 775 000.00 | 779 622.41 | 0.04 |
| USD	ROYAL BANK OF CANADA-REG-S 3.35000% 18-22.10.21 | 950 000.00 | 985 292.60 | 0.05 |
| USD	SWEDBANK AB-REG-S 2.80000% 17-14.03.22 | 1 000 000.00 | 1 031 554.00 | 0.05 |
| Total USD |  | 35 823 151.37 | 1.78 |
| Total Anleihen, fester Zins |  | 35 823 151.37 | 1.78 |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 2.62500% 19-15.02.29 | 10 162 000.00 | 11 920 898.92 | 0.59 |
| USD	AMERICA, UNITED STATES OF 1.50000% 15-31.01.22 | 100 000.00 | 102 195.31 | 0.01 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.02.27 | 600 000.00 | 670 500.00 | 0.03 |
| USD	AMERICA, UNITED STATES OF 1.75000% 13-15.05.23 | 50 000.00 | 52 289.06 | 0.00 |
| USD	AMERICA, UNITED STATES OF 0.62500% 20-15.05.30 | 1 000.00 | 997.85 | 0.00 |
| Total USD |  | 12 746 881.14 | 0.63 |
| Total Treasury-Notes, fester Zins |  | 12 746 881.14 | 0.63 |
| Treasury-Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 4 500 000.00 | 9 783 379.67 | 0.49 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 2 850 000.00 | 4 417 444.44 | 0.22 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 14-15.01.24 | 4 450 000.00 | 5 101 467.74 | 0.25 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 5 300 000.00 | 6 116 898.24 | 0.30 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| USD | AMERICA, UNITED STATES OF 1.125%/CPI LINKED 11-15.01.21 | 2 800 000.00 | 3 303 045.72 | 0.16 |
| USD | AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.01.22 | 2 425 000.00 | 2 772 058.15 | 0.14 |
| USD | AMERICA, UNITED STATES OF 0.125%/CPI LINKED 13-15.01.23 | 4 710 000.00 | 5 319 017.52 | 0.27 |
| USD | AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 7 525 000.00 | 8 506 609.15 | 0.42 |
| USD | AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 3 139 000.00 | 3 573 214.59 | 0.18 |
| USD | AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 5 250 000.00 | 5 986 481.87 | 0.30 |
| USD | AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 10 500 000.00 | 11 939 307.01 | 0.59 |
| Total USD |  |  | 66 818 924.10 | 3.32 |
| Total Treasury-Notes, variabler Zins | 66 818 924.10 | 3.32 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 793 674 611.74 | 39.45 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Treasury-Bills, Nullcoupon |  |  |
| USD |  |  |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 26.03.20-24.09.20	5 000.00 | 4 997.32 | 0.00 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 07.11.19-05.11.20	5 000.00 | 4 996.35 | 0.00 |
| Total USD | 9 993.67 | 0.00 |
| Total Treasury-Bills, Nullcoupon | 9 993.67 | 0.00 |
| Notes, fester Zins |  |  |
| USD |  |  |
| USD	ALTRIA GROUP INC 2.85000% 12-09.08.22	1 200 000.00 | 1 245 685.20 | 0.06 |
| USD	FANNIE MAE 2.12500% 16-24.04.26	2 500 000.00 | 2 717 435.50 | 0.14 |
| USD	HSBC HOLDINGS PLC 4.87500% 11-14.01.22	1 450 000.00 | 1 537 197.20 | 0.08 |
| USD	MASSMUTUAL GLOBAL FUNDING II-REG-S 2.45000% 15-23.11.20	900 000.00 | 909 052.56 | 0.04 |
| USD	NATIONAL AUSTRALIA BANK LTD NEW YORK 2.87500% 18-12.04.23	500 000.00 | 521 692.95 | 0.03 |
| USD	NATIONAL AUSTRALIA BANK LTD-144A 3.50000% 17-10.01.27	1 500 000.00 | 1 644 810.00 | 0.08 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 1.95000% 17-28.09.20	1 000 000.00 | 1 004 927.10 | 0.05 |
| USD	PROCTER & GAMBLE CO 2.30000% 12-06.02.22	725 000.00 | 753 397.67 | 0.04 |
| Total USD | 10 334 198.18 | 0.52 |
| Total Notes, fester Zins | 10 334 198.18 | 0.52 |
| Medium-Term Notes, fester Zins |  |  |
| USD |  |  |
| USD	GOLDMAN SACHS GROUP INC/THE 3.85000% 14-08.07.24	1 000 000.00 | 1 087 873.90 | 0.05 |
| USD	GUARDIAN LIFE GLOBAL FUNDING-REG-S 2.00000% 16-26.04.21	2 000 000.00 | 2 027 295.40 | 0.10 |
| Total USD | 3 115 169.30 | 0.15 |
| Total Medium-Term Notes, fester Zins | 3 115 169.30 | 0.15 |
| Medium-Term Notes, Nullcoupon |  |  |
| USD |  |  |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.00000% 00-01.05.30	1 908 000.00 | 1 651 350.25 | 0.08 |
| Total USD | 1 651 350.25 | 0.08 |
| Total Medium-Term Notes, Nullcoupon | 1 651 350.25 | 0.08 |
| Anleihen, fester Zins |  |  |
| USD |  |  |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 1.62500% 19-17.10.22	1 000 000.00 | 1 021 357.70 | 0.05 |
| Total USD | 1 021 357.70 | 0.05 |
| Total Anleihen, fester Zins | 1 021 357.70 | 0.05 |
| Treasury-Notes, variabler Zins |  |  |
| USD |  |  |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25	6 665 000.00 | 7 499 071.43 | 0.37 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 16-15.04.21	1 417 000.00 | 1 533 842.81 | 0.08 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22	3 475 000.00 | 3 941 285.01 | 0.20 |
| Total USD | 12 974 199.25 | 0.65 |
| Total Treasury-Notes, variabler Zins | 12 974 199.25 | 0.65 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden | 29 106 268.35 | 1.45 |

Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Namensaktien
Vereinigte Arabische Emirate
| GBP | NMC HEALTH PLC ORD GBP0.1 | 3 082.00 | 0.04 | 0.00 |
| --- | --- | --- | --- | --- |
| Total Vereinigte Arabische Emirate | 0.04 | 0.00 |
| Total Namensaktien | 0.04 | 0.00 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |

Anrechte
| Italien |  |
| --- | --- |
| EUR | DAVIDE CAMPARI-MILANO SPA RIGHTS 21.06.20 | 20 892.00 | 0.00 | 0.00 |
| Total Italien |  | 0.00 | 0.00 |
| Total Anrechte |  | 0.00 | 0.00 |
| Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	MASSMUTUAL GLOBAL FUNDING II-REG-S 2.95000% 18-11.01.25 | 1 550 000.00 | 1 663 884.54 | 0.08 |
| USD	SVENSKA HANDELSBANKEN AB 1.95000% 17-08.09.20 | 650 000.00 | 652 622.75 | 0.03 |
| USD	US BANK NA/CINCINNATI OH 2.65000% 19-23.05.22 | 1 400 000.00 | 1 454 538.26 | 0.07 |
| Total USD |  | 3 771 045.55 | 0.18 |
| Total Notes, fester Zins |  | 3 771 045.55 | 0.18 |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	HSBC BANK CANADA-REG-S 3.30000% 18-28.11.21 | 1 350 000.00 | 1 400 155.34 | 0.07 |
| USD	HSBC BANK CANADA-REG-S 1.65000% 19-10.09.22 | 750 000.00 | 764 737.87 | 0.04 |
| USD	MASSMUTUAL GLOBAL FUNDING II-REG-S 2.75000% 17-22.06.24 | 950 000.00 | 1 013 410.32 | 0.05 |
| Total USD |  | 3 178 303.53 | 0.16 |
| Total Anleihen, fester Zins |  | 3 178 303.53 | 0.16 |
| Total Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden |  | 6 949 349.12 | 0.34 |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
| Irland |  |
| --- | --- |
| USD | MAN FUNDS VI PLC-MAN AHL TARGETRISK-INU-USD-CAP | 223 614.83 | 27 998 812.24 | 1.39 |
| USD | SOURCE MARKETS PLC - MSCI USA SOURCE ETF-A | 393 366.00 | 32 293 381.77 | 1.60 |
| USD | UBS (IRL) ETF PLC-MSCI USA UCITS-ACC-A-USD-ETF | 7 868 155.00 | 130 076 338.46 | 6.47 |
| USD | UBS ETFS PLC - MSCI USA TRN INDEX SF (USD) A-ACC | 2 288 497.00 | 188 709 462.62 | 9.38 |
| Total Irland |  | 379 077 995.09 | 18.84 |
| Luxemburg |  |  |  |
| EUR	ALMA PLATINUM IV UBS MULTI-STRATEGY ALTERNATIVES-I0C-E-CAP | 5 993.42 | 65 239 494.50 | 3.24 |
| USD	AQR UCITS FUNDS - GLOBAL RISK PARITY UCITS FUND-A2-CAP | 236 512.45 | 26 811 051.33 | 1.33 |
| USD	INVESCO FUNDS SICAV BAL RISK ALLOCATION-PI1-USD HDG-CAP | 2 553 807.08 | 28 321 720.51 | 1.41 |
| USD	UBS (LUX) BOND FUND-EURO HIGH YIELD (EUR)(USD HEDGED) F-ACC | 443 664.00 | 48 567 898.08 | 2.42 |
| USD	UBS (LUX) BOND SICAV - USD HIGH YIELD (USD) F-ACC | 237 207.00 | 73 999 095.72 | 3.68 |
| USD	UBS (LUX) BOND SICAV USD - INVEST GRADE CORP USD F ACC | 2 693.00 | 302 218 217.57 | 15.02 |
| USD	UBS (LUX) BOND SICAV - EMERG ECON CORPORATES (USD) F-ACC | 591 225.00 | 66 063 481.50 | 3.28 |
| USD	UBS (LUX) EMERGING ECONOMIES FUND - GLOBAL BONDS (USD) F-ACC | 53 137.00 | 100 877 937.65 | 5.02 |
| USD	UBS (LUX) MONEY MARKET FUND - USD U-X-ACC | 1.00 | 11 197.66 | 0.00 |
| Total Luxemburg | 712 110 094.52 | 35.40 |
| Total Investment Fonds, open end | 1 091 188 089.61 | 54.24 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 | 1 091 188 089.61 | 54.24 |
| Total des Wertpapierbestandes | 1 920 918 318.82 | 95.48 |

| Derivative Instrumente |  |
| --- | --- |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |
| Finanzterminkontrakte auf Anleihen |
|  |  |  |  |
| USD	US 2YR TREASURY NOTE FUTURE 30.09.20 | 2 167.00 | 237 013.46 | 0.01 |
| USD	US 5YR TREASURY NOTE FUTURE 30.09.20 | 912.00 | 292 124.54 | 0.02 |
| Total Finanzterminkontrakte auf Anleihen |  | 529 138.00 | 0.03 |
| Finanzterminkontrakte auf Indizes |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 19.06.20 | -4 395.00 | -34 160 769.06 | -1.70 |
| CHF	SWISS MARKET INDEX FUTURE 19.06.20 | -30.00 | -20 566.25 | 0.00 |
| GBP	FTSE 100 INDEX FUTURE 19.06.20 | -6.00 | -12 986.26 | 0.00 |
| SGD	MSCI SINGAPORE INDEX FUTURE 29.06.20 | 1.00 | -173.34 | 0.00 |
| USD	S&P500 EMINI FUTURE 19.06.20 | -2 062.00 | -37 787 341.00 | -1.88 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 19.06.20 | 1.00 | 6 935.00 | 0.00 |
| AUD	SPI 200 INDEX FUTURES 18.06.20 | 1.00 | 15 151.23 | 0.00 |
| JPY	TOPIX INDX FUTURE 11.06.20 | -6.00 | -61 748.74 | 0.00 |
| HKD	HANG SENG INDEX FUTURE 29.06.20 | 1.00 | -1 389.19 | 0.00 |
| CAD	S&P/TSX 60 INDEX FUTURE 18.06.20 | -463.00 | -6 757 732.60 | -0.34 |
| Total Finanzterminkontrakte auf Indizes |  | -78 780 620.21 | -3.92 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | -78 251 482.21 | -3.89 |
| Total Derivative Instrumente |  | -78 251 482.21 | -3.89 |

UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Medium (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
| Bezeichnung	Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- |
| Nominal | NR Kursgewinn | Netto- |
|  | (-verlust) auf Futures/ | vermögens |
|  | Devisentermin- |  |
|  | kontrakten/ |  |
|  | Swaps (Erl. 1) |  |

Devisenterminkontrakte
Devisenterminkontrakte (Kauf/Verkauf)
| GBP | 200 000.00 | USD | 249 384.40 | 24.6.2020 | -2 099.98 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 1 000 000.00 | USD | 1 034 960.98 | 24.6.2020 | 6 655.05 | 0.00 |
| USD | 1 067 194.86 | CAD | 1 500 000.00 | 24.6.2020 | -18 048.27 | 0.00 |
| USD | 2 065 599.30 | CHF | 2 000 000.00 | 24.6.2020 | -17 632.76 | 0.00 |
| USD | 792 846.25 | AUD | 1 250 000.00 | 24.6.2020 | -36 918.85 | 0.00 |
| JPY | 548 500 000.00 | USD | 5 101 272.11 | 24.6.2020 | -8 402.68 | 0.00 |
| USD | 175 280.04 | SGD | 250 000.00 | 24.6.2020 | -1 608.97 | 0.00 |
| USD | 709 197.36 | HKD | 5 500 000.00 | 24.6.2020 | -40.85 | 0.00 |
| USD | 33 624 350.73 | CAD | 47 550 000.00 | 24.6.2020 | -777 856.64 | -0.04 |
| GBP | 6 385 000.00 | USD | 7 896 418.89 | 24.6.2020 | -1 863.92 | 0.00 |
| USD | 24 904 095.71 | CHF | 24 085 000.00 | 24.6.2020 | -183 226.40 | -0.01 |
| USD | 89 573 569.00 | EUR | 82 340 000.00 | 24.6.2020 | -2 060 348.05 | -0.10 |
| USD | 675 794.40 | CAD | 950 000.00 | 24.6.2020 | -11 526.25 | 0.00 |
| CHF | 300 000.00 | USD | 308 638.17 | 24.6.2020 | 3 846.64 | 0.00 |
| JPY | 75 000 000.00 | USD | 703 811.00 | 24.6.2020 | -7 429.58 | 0.00 |
| USD | 865 114.89 | CAD | 1 200 000.00 | 24.6.2020 | -3 079.62 | 0.00 |
| USD | 1 089 637.00 | EUR | 1 000 000.00 | 24.6.2020 | -23 235.44 | 0.00 |
| USD | 3 468 555.75 | GBP | 2 750 000.00 | 24.6.2020 | 68 395.03 | 0.00 |
| USD | 623 589.13 | CHF | 600 000.00 | 24.6.2020 | -1 380.49 | 0.00 |
| USD | 1 301 875.56 | EUR | 1 200 000.00 | 24.6.2020 | -33 571.37 | 0.00 |
| USD | 3 953 426.86 | JPY | 424 500 000.00 | 22.7.2020 | 10 175.52 | 0.00 |
| USD | 999 624.78 | AUD | 1 540 000.00 | 22.7.2020 | -22 629.11 | 0.00 |
| USD | 7 175 423.21 | GBP | 5 810 000.00 | 22.7.2020 | -9 009.33 | 0.00 |
| USD | 36 763 246.69 | CAD | 51 500 000.00 | 22.7.2020 | -496 957.12 | -0.02 |
| USD | 176 507.55 | SGD | 250 000.00 | 22.7.2020 | -399.73 | 0.00 |
| USD | 1 353 556.93 | HKD | 10 500 000.00 | 22.7.2020 | 540.92 | 0.00 |
| USD | 32 635 878.02 | CHF | 31 660 000.00 | 22.7.2020 | -368 932.71 | -0.02 |
| USD | 126 655 648.58 | EUR | 116 895 461.98 | 22.7.2020 | -3 512 014.65 | -0.17 |
| CAD | 55 222 100.00 | USD | 39 311 898.51 | 23.6.2020 | 640 929.70 | 0.03 |
| CAD | 2 000 000.00 | USD | 1 421 957.30 | 22.7.2020 | 25 040.91 | 0.00 |
| CAD | 2 000 000.00 | USD | 1 421 800.61 | 24.6.2020 | 25 190.24 | 0.00 |
| EUR | 2 500 000.00 | USD | 2 710 830.00 | 24.6.2020 | 71 351.11 | 0.00 |
| EUR | 2 500 000.00 | USD | 2 712 487.50 | 22.7.2020 | 71 360.16 | 0.00 |
| AUD | 72 017 000.00 | USD | 46 413 926.66 | 23.6.2020 | 1 391 738.11 | 0.07 |
| SEK | 141 369 600.00 | USD | 14 365 249.38 | 23.6.2020 | 647 582.39 | 0.03 |
| SGD | 80 315 300.00 | USD | 56 305 111.36 | 23.6.2020 | 521 936.05 | 0.02 |
| EUR | 280 649 300.00 | USD | 303 324 360.19 | 23.6.2020 | 8 983 565.78 | 0.45 |
| GBP | 52 992 200.00 | USD | 64 196 436.23 | 23.6.2020 | 1 323 428.69 | 0.06 |
| CHF | 270 988 200.00 | USD | 278 914 676.18 | 23.6.2020 | 3 327 458.26 | 0.16 |
| USD | 1 807 037.10 | EUR | 1 650 000.00 | 22.7.2020 | -30 302.35 | 0.00 |
| USD | 1 805 936.55 | EUR | 1 650 000.00 | 24.6.2020 | -30 302.98 | 0.00 |
| USD | 2 609 875.74 | EUR | 2 372 500.00 | 23.6.2020 | -30 253.97 | 0.00 |
| USD | 2 429 898.60 | CAD | 3 373 800.00 | 23.6.2020 | -11 023.64 | 0.00 |
| USD | 973 045.54 | EUR | 888 000.00 | 23.6.2020 | -15 125.24 | 0.00 |
| USD | 917 726.15 | EUR | 841 800.00 | 23.6.2020 | -19 033.04 | 0.00 |
| USD | 439 891.14 | SGD | 626 500.00 | 23.6.2020 | -3 388.60 | 0.00 |
| USD | 1 755 161.60 | EUR | 1 600 000.00 | 22.7.2020 | -26 500.90 | 0.00 |
| USD | 1 754 116.80 | EUR | 1 600 000.00 | 24.6.2020 | -26 479.11 | 0.00 |
| USD | 758 536.63 | CHF | 735 600.00 | 23.6.2020 | -7 612.28 | 0.00 |
| SGD | 1 855 000.00 | USD | 1 307 505.58 | 23.6.2020 | 4 998.67 | 0.00 |
| CAD | 1 228 000.00 | USD | 892 272.23 | 23.6.2020 | -3 822.26 | 0.00 |
| AUD | 1 630 100.00 | USD | 1 077 667.26 | 23.6.2020 | 4 410.78 | 0.00 |
| SEK | 3 149 100.00 | USD | 327 977.31 | 23.6.2020 | 6 443.30 | 0.00 |
| USD | 2 041 018.05 | EUR | 1 850 000.00 | 22.7.2020 | -19 029.22 | 0.00 |
| USD | 2 039 798.90 | EUR | 1 850 000.00 | 24.6.2020 | -19 015.12 | 0.00 |
| USD | 1 543 787.67 | EUR | 1 396 600.00 | 23.6.2020 | -10 355.70 | 0.00 |
| USD | 3 359 888.90 | JPY | 360 000 000.00 | 24.6.2020 | 17 258.10 | 0.00 |
| USD | 3 361 507.75 | JPY | 360 000 000.00 | 22.7.2020 | 17 407.67 | 0.00 |
| USD | 1 333 498.80 | EUR | 1 200 000.00 | 22.7.2020 | -2 748.08 | 0.00 |
| USD | 1 332 692.40 | EUR | 1 200 000.00 | 24.6.2020 | -2 754.53 | 0.00 |
| Total Devisenterminkontrakte (Kauf/Verkauf) | 9 313 753.29 | 0.46 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 144 974 078.24 | 7.21 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -1 566 860.71 | -0.08 |
| Andere Aktiva und Passiva | 16 400 619.37 | 0.82 |
| Total des Nettovermögens | 2 011 788 426.80 | 100.00 |

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