# UBS (Lux) Strategy SICAV – Fixed Income (USD)
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 31.5.2020 | 31.5.2019 | 31.5.2018 |
| Net assets in USD |  | 104 821 036.41 | 153 368 218.52 | 171 926 461.34 |
| Class K-1-acc 1 | LU0937166048 |  |  |  |
| Shares outstanding |  | - | 1.1000 | 1.5000 |
| Net asset value per share in USD |  | - | 5 543 780.65 | 5 289 971.51 |
| Issue and redemption price per share in USD 2 |  | - | 5 543 780.65 | 5 289 971.51 |
| Class P-acc | LU0042745397 |  |  |  |
| Shares outstanding |  | 238 985.1700 | 344 431.0760 | 394 876.3520 |
| Net asset value per share in USD |  | 250.24 | 239.06 | 228.65 |
| Issue and redemption price per share in USD 2 |  | 250.24 | 239.06 | 228.65 |
| Class (JPY hedged) P-acc | LU1203193534 |  |  |  |
| Shares outstanding |  | 418 030.8880 | 684 496.6580 | 795 500.2490 |
| Net asset value per share in JPY |  | 10 214 | 9 984 | 9 823 |
| Issue and redemption price per share in JPY 2 |  | 10 214 | 9 984 | 9 823 |
| Class Q-acc | LU1240800885 |  |  |  |
| Shares outstanding |  | 47 279.1560 | 18 344.1750 | 17 246.1750 |
| Net asset value per share in USD |  | 113.90 | 108.35 | 103.19 |
| Issue and redemption price per share in USD 2 |  | 113.90 | 108.35 | 103.19 |
| 1  The share class K-1-acc was in circulation until 27.1.2020 2  See note 1 |  |  |  |  |
| Performance |  |  |  |  |
|  | Currency | 2019/2020 | 2018/2019 | 2017/2018 |
| Class K-1-acc 1 | USD | - | 4.8% | -0.7% |
| Class P-acc | USD | 4.7% | 4.6% | -1.0% |
| Class (JPY hedged) P-acc | JPY | 2.3% | 1.6% | -2.8% |
| Class Q-acc | USD | 5.1% | 5.0% | -0.5% |

1 
The share class K-1-acc was in circulation until 27.1.2020. Due to this fact, there is no data for the calculation of the performance available. Historical performance is no indicator of current or future performance.
The performance data does not take account of any commissions and costs charged when subscribing and redeeming shares. The performance data were not audited.
The subfund has no benchmark.
UBS (Lux) Strategy SICAV – Fixed Income (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.
Over the financial year, the subfund generated a positive return helped by the strong rebound in USD safe haven assets 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.
UBS (Lux) Strategy SICAV – Fixed Income (USD)
Annual report and audited financial statements as of 31 May 2020

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
Luxembourg	50.38
| United States | 22.67 |
| --- | --- |
| Canada | 3.19 |
| The Netherlands | 3.02 |
| France | 2.18 |
| South Korea | 1.91 |
| Germany | 1.87 |
| Supranationals | 1.60 |
| Australia | 1.25 |
| Kuwait | 1.16 |
| Philippines | 1.01 |
| Qatar | 0.86 |
| Singapore | 0.83 |
| United Arab Emirates | 0.82 |
| Jersey | 0.74 |
| Japan | 0.68 |
| Norway | 0.63 |
| United Kingdom | 0.61 |
| Sweden | 0.38 |
| New Zealand | 0.38 |
| Austria | 0.05 |
| Total | 96.22 |

Economic Breakdown as a % of net assets	
Investment funds	49.13
| Finance & holding companies | 8.86 |
| --- | --- |
| Banks & credit institutions | 7.71 |
| Countries & central governments | 6.54 |
| Supranational organisations | 5.81 |
| Cantons, federal states | 3.43 |
| Computer hardware & network equipment providers | 2.71 |
| Public, non-profit institutions | 2.07 |
| Petroleum | 2.03 |
| Miscellaneous services | 1.93 |
| Pharmaceuticals, cosmetics & medical products | 1.91 |
| Internet, software & IT services | 1.46 |
| Retail trade, department stores | 1.29 |
| Biotechnology | 0.72 |
| Tobacco & alcohol | 0.40 |
| Miscellaneous consumer goods | 0.22 |
| Total | 96.22 |


## Statement of Net Assets
Assets	31.5.2020
USD
Investments in securities, cost	94 834 101.25
| Investments in securities, unrealized appreciation (depreciation) | 	6 023 729.71	 |
| --- | --- |
| Total investments in securities (Note 1) | 100 857 830.96 |
| Cash at banks, deposits on demand and deposit accounts | 4 056 730.98 |
| Other liquid assets (Margins) | 68 166.60 |
| Interest receivable on securities | 291 703.01 |
| Interest receivable on liquid assets | 0.80 |
| Unrealized gain (loss) on financial futures (Note 1) | 2 562.50 |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | -343 265.32 |
| Unrealized gain (loss) on swaps (Note 1) | 32 535.56 |
| Total Assets | 104 966 265.09 |
|  |  |
| Liabilities |  |
| Bank overdraft | -46.66 |
| Payable on redemptions | -97 000.41 |
| Provisions for flat fee (Note 2) | -43 154.74 |
| Provisions for taxe d’abonnement (Note 3) | -4 321.95 |
| Provisions for other commissions and fees (Note 2) | 	-704.92	 |
| Total provisions | -48 181.61 |
| Total Liabilities | -145 228.68 |
|  |  |
| Net assets at the end of the financial year | 104 821 036.41 |
| Statement of Operations | USD |
| Income | 1.6.2019-31.5.2020 |
| Interest on liquid assets | 26 387.98 |
| Interest on securities | 1 914 258.26 |
| Interest received on swaps (Note 1) | 30 490.39 |
| Dividends | 159 375.20 |
| Income on securities lending (Note 15) | 39 234.63 |
| Other income (Note 4) | 96 202.62 |
| Total income | 2 265 949.08 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -2 239.49 |
| Cost on securities lending (Note 15) | -15 693.85 |
| Flat fee (Note 2) | -1 554 587.64 |
| Taxe d’abonnement (Note 3) | -38 511.79 |
| Other commissions and fees (Note 2) | -29 808.05 |
| Interest on cash and bank overdraft | -1 294.62 |
| Total expenses | -1 642 135.44 |
|  |  |
| Net income (loss) on investments | 623 813.64 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 4 267 487.30 |
| Realized gain (loss) on financial futures | 13 224.67 |
| Realized gain (loss) on forward foreign exchange contracts | -989 034.55 |
| Realized gain (loss) on swaps | 122 355.05 |
| Realized gain (loss) on foreign exchange | 654 518.44 |
| Total realized gain (loss) | 4 068 550.91 |
|  |  |
| Net realized gain (loss) of the financial year | 4 692 364.55 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 1 230 714.31 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | 8 288.84 |
| Unrealized appreciation (depreciation) on financial futures | 11 276.56 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -1 241 928.17 |
| Unrealized appreciation (depreciation) on swaps | -41 402.80 |
| Total changes in unrealized appreciation (depreciation) | -33 051.26 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 4 659 313.29 |

UBS (Lux) Strategy SICAV – Fixed Income (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 | 153 368 218.52 |
| Subscriptions | 63 819 024.19 |
| Redemptions | 	-117 025 519.59	 |
| Total net subscriptions (redemptions) | -53 206 495.40 |
| Net income (loss) on investments | 623 813.64 |
| Total realized gain (loss) | 4 068 550.91 |
| Total changes in unrealized appreciation (depreciation) | 	-33 051.26	 |
| Net increase (decrease) in net assets as a result of operations | 4 659 313.29 |
| Net assets at the end of the financial year | 104 821 036.41 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2019-31.5.2020 |
| Class | K-1-acc |
| Number of shares outstanding at the beginning of the financial year | 1.1000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -1.1000 |
| Number of shares outstanding at the end of the financial year | 0.0000 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the financial year | 344 431.0760 |
| Number of shares issued | 64 499.4360 |
| Number of shares redeemed | -169 945.3420 |
| Number of shares outstanding at the end of the financial year | 238 985.1700 |
| Class | (JPY hedged) P-acc |
| Number of shares outstanding at the beginning of the financial year | 684 496.6580 |
| Number of shares issued | 478 860.3880 |
| Number of shares redeemed | -745 326.1580 |
| Number of shares outstanding at the end of the financial year | 418 030.8880 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the financial year | 18 344.1750 |
| Number of shares issued | 30 696.7470 |
| Number of shares redeemed | -1 761.7660 |
| Number of shares outstanding at the end of the financial year | 47 279.1560 |

UBS (Lux) Strategy SICAV – Fixed Income (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 |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ABU DHABI,GOVERNMENT OF-REG-S 3.12500% 17-11.10.27 | 800 000.00 | 858 000.00 | 0.82 |
| USD	ALBERTA, PROVINCE OF 3.30000% 18-15.03.28 | 200 000.00 | 230 581.18 | 0.22 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 230 000.00 | 245 124.39 | 0.23 |
| USD	APPLE INC 1.65000% 20-11.05.30 | 175 000.00 | 177 561.80 | 0.17 |
| USD	APPLE INC 2.20000% 19-11.09.29 | 500 000.00 | 536 731.10 | 0.51 |
| USD	APPLE INC 2.25000% 16-23.02.21 | 195 000.00 | 197 432.88 | 0.19 |
| USD	APPLE INC 2.40000% 13-03.05.23 | 200 000.00 | 211 683.70 | 0.20 |
| USD	APPLE INC 2.45000% 16-04.08.26 | 300 000.00 | 327 019.02 | 0.31 |
| USD	APPLE INC 3.25000% 16-23.02.26 | 500 000.00 | 563 969.20 | 0.54 |
| USD	APPLE INC 3.45000% 14-06.05.24 | 300 000.00 | 332 766.48 | 0.32 |
| USD	BAYER US FINANCE II LLC-REG-S 3.87500% 18-15.12.23 | 200 000.00 | 215 718.80 | 0.21 |
| USD	BERKSHIRE HATHAWAY INC 2.75000% 16-15.03.23 | 500 000.00 | 532 324.45 | 0.51 |
| USD	BERKSHIRE HATHAWAY INC 3.12500% 16-15.03.26 | 350 000.00 | 391 307.56 | 0.37 |
| USD	CHEVRON CORP 2.23600% 20-11.05.30 | 500 000.00 | 525 340.50 | 0.50 |
| USD	EQUINOR ASA 3.62500% 18-10.09.28 | 580 000.00 | 656 593.70 | 0.63 |
| USD	EUROPEAN INVESTMENT BANK 2.37500% 17-24.05.27 | 300 000.00 | 334 160.10 | 0.32 |
| USD	EUROPEAN INVESTMENT BANK 2.62500% 19-20.05.22 | 140 000.00 | 146 365.50 | 0.14 |
| USD	EXXON MOBIL CORP 3.04300% 16-01.03.26 | 850 000.00 | 941 573.39 | 0.90 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.25000% 19-18.06.29 | 800 000.00 | 894 545.52 | 0.85 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 2.85000% 19-13.05.22 | 475 000.00 | 496 670.78 | 0.47 |
| USD	JOHNSON & JOHNSON 2.45000% 16-01.03.26 | 200 000.00 | 218 760.02 | 0.21 |
| USD	JOHNSON & JOHNSON 2.90000% 17-15.01.28 | 500 000.00 | 562 222.95 | 0.54 |
| USD	JOHNSON & JOHNSON 3.37500% 13-05.12.23 | 550 000.00 | 608 757.60 | 0.58 |
| USD	KOREA DEVELOPMENT BANK 4.62500% 11-16.11.21 | 700 000.00 | 736 312.50 | 0.70 |
| USD	KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 3.12500% 17-25.07.27 | 600 000.00 | 643 125.00 | 0.61 |
| USD	KOREA RESOURCES CORP-REG-S 3.00000% 17-24.04.22 | 400 000.00 | 408 625.00 | 0.39 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.12500% 13-17.01.23 | 190 000.00 | 198 995.62 | 0.19 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.00000% 15-02.05.25 | 50 000.00 | 53 621.50 | 0.05 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 1.62500% 16-15.03.21 | 400 000.00 | 404 257.36 | 0.39 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.87500% 18-03.04.28 | 380 000.00 | 441 267.40 | 0.42 |
| USD	KUWAIT INTERNATIONAL GOVT BOND-REG-S 3.50000% 17-20.03.27 | 1 100 000.00 | 1 212 750.00 | 1.16 |
| USD	LANDWIRTSCHAFTLICHE RENTENBANK 2.00000% 15-13.01.25 | 600 000.00 | 640 386.00 | 0.61 |
| USD	MICROSOFT CORP 3.30000% 17-06.02.27 | 850 000.00 | 976 225.09 | 0.93 |
| USD	NOVARTIS CAPITAL CORP 3.10000% 17-17.05.27 | 475 000.00 | 530 494.35 | 0.51 |
| USD	ONTARIO, PROVINCE OF 2.00000% 19-02.10.29 | 475 000.00 | 506 201.37 | 0.48 |
| USD	PROCTER & GAMBLE CO 1.85000% 16-02.02.21 | 225 000.00 | 227 175.08 | 0.22 |
| USD	QATAR, STATE OF-REG-S 2.37500% 16-02.06.21 | 450 000.00 | 454 640.62 | 0.43 |
| USD	QATAR, STATE OF-REG-S 4.00000% 19-14.03.29 | 400 000.00 | 451 000.00 | 0.43 |
| USD	QUEBEC, PROVINCE OF 2.75000% 17-12.04.27 | 430 000.00 | 478 730.74 | 0.46 |
| USD	ROCHE HOLDINGS INC-REG-S 3.62500% 18-17.09.28 | 650 000.00 | 759 731.51 | 0.73 |
| USD	SANOFI 4.00000% 11-29.03.21 | 600 000.00 | 617 954.64 | 0.59 |
| USD	SHELL INTERNATIONAL FINANCE BV 2.87500% 16-10.05.26 | 950 000.00 | 1 036 020.89 | 0.99 |
| USD	STATE STREET CORP 2.40000% 20-24.01.30 | 260 000.00 | 276 131.41 | 0.26 |
| USD	TOTAL CAPITAL INTERNATIONAL SA 3.45500% 19-19.02.29 | 575 000.00 | 640 807.03 | 0.61 |
| USD	VISA INC 3.15000% 15-14.12.25 | 450 000.00 | 505 593.85 | 0.48 |
| USD	WALMART INC 3.05000% 19-08.07.26 | 425 000.00 | 475 572.53 | 0.45 |
| USD	WALMART INC 3.12500% 18-23.06.21 | 275 000.00 | 282 781.32 | 0.27 |
| USD	WALMART INC 3.70000% 18-26.06.28 | 500 000.00 | 591 634.10 | 0.56 |
| USD	WESTPAC BANKING CORP 2.85000% 16-13.05.26 | 725 000.00 | 777 852.50 | 0.74 |
| USD	WESTPAC BANKING CORP 2.65000% 18-25.01.21 | 300 000.00 | 303 900.00 | 0.29 |
| Total USD |  | 24 836 998.03 | 23.69 |
| Total Notes, fixed rate |  | 24 836 998.03 | 23.69 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	CITIGROUP INC 3M LIBOR+143BP 16-01.09.23 | 165 000.00 | 166 033.36 | 0.16 |
| Total USD |  | 166 033.36 | 0.16 |
| Total Notes, floating rate |  | 166 033.36 | 0.16 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ASB FINANCE LTD-REG-S 2.12500% 16-01.09.21 | 400 000.00 | 401 037.40 | 0.38 |
| USD	ASIAN DEVELOPMENT BANK 2.00000% 15-22.01.25 | 325 000.00 | 347 155.60 | 0.33 |
| USD	ASIAN DEVELOPMENT BANK 2.62500% 17-12.01.27 | 425 000.00 | 477 158.29 | 0.46 |
| USD	ASIAN DEVELOPMENT BANK 2.00000% 17-16.02.22 | 440 000.00 | 452 544.40 | 0.43 |
| USD	ASIAN DEVELOPMENT BANK 2.75000% 18-19.01.28 | 630 000.00 | 723 230.11 | 0.69 |
| USD	ASIAN DEVELOPMENT BANK 1.75000% 19-19.09.29 | 125 000.00 | 134 363.97 | 0.13 |
| USD	AUSTRALIA & NEW ZEALAND BANKING GRP/NY 2.30000% 16-01.06.21 | 420 000.00 | 426 720.00 | 0.41 |
| USD	BANK OF AMERICA CORP 3.24800% 16-21.10.27 | 225 000.00 | 245 900.61 | 0.23 |
| USD	CAISSE D'AMOR DE LA DETTE SOCIALE-REG-S 3.37500% 14-20.03.24 | 925 000.00 | 1 024 178.50 | 0.98 |
| USD	CPPIB CAPITAL INC-REG-S 2.75000% 17-02.11.27 | 350 000.00 | 392 795.69 | 0.37 |
| USD	IDB TRUST SERVICES LTD-REG-S 2.26100% 17-26.09.22 | 750 000.00 | 773 573.10 | 0.74 |
| USD	JAPAN TOBACCO INC-REG-S 2.80000% 16-13.04.26 | 400 000.00 | 419 520.00 | 0.40 |
| USD	MDGH - GMTN BV-REG-S 3.00000% 17-19.04.24 | 275 000.00 | 286 687.50 | 0.27 |
| USD	NESTLE HOLDINGS INC-REG-S 2.37500% 17-18.01.22 | 800 000.00 | 822 589.20 | 0.78 |
| USD	NESTLE HOLDINGS INC-REG-S 3.12500% 18-22.03.23 | 200 000.00 | 212 486.00 | 0.20 |
| USD	NISSAN MOTOR ACCEPTANCE CORP-REG-S 2.60000% 17-28.09.22 | 75 000.00 | 69 425.92 | 0.07 |
| USD	SP POWERASSETS LTD-REG-S 3.25000% 15-24.11.25 | 800 000.00 | 869 880.00 | 0.83 |
| USD	SUMITOMO MITSUI BANKING CORP-REG-S 2.44000% 19-18.06.24 | 279 000.00 | 288 960.30 | 0.28 |
| USD	SVENSK EXPORTKREDIT AB 1.75000% 16-10.03.21 | 400 000.00 | 404 312.92 | 0.39 |
| USD	TORONTO-DOMINION BANK 2.50000% 15-14.12.20 | 210 000.00 | 212 443.58 | 0.20 |
| USD	TOYOTA MOTOR CREDIT CORP 2.60000% 17-11.01.22 | 700 000.00 | 718 354.28 | 0.69 |
| Total USD |  | 9 703 317.37 | 9.26 |
| Total Medium term notes, fixed rate |  | 9 703 317.37 | 9.26 |

UBS (Lux) Strategy SICAV – Fixed Income (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) |  |

Bonds, fixed rate
| USD |  |
| --- | --- |
| USD | BNG BANK NV-REG-S 2.62500% 14-28.04.21 | 920 000.00 | 937 552.68 | 0.89 |
| USD | BNG BANK NV-REG-S 2.37500% 16-16.03.26 | 250 000.00 | 272 708.95 | 0.26 |
| USD | BRITISH COLUMBIA, PROVINCE OF 2.25000% 16-02.06.26 | 400 000.00 | 432 764.00 | 0.41 |
| USD | EUROPEAN INVESTMENT BANK 3.25000% 14-29.01.24 | 225 000.00 | 248 372.21 | 0.24 |
| USD | EUROPEAN INVESTMENT BANK 1.87500% 15-10.02.25 | 250 000.00 | 266 178.65 | 0.25 |
| USD | EUROPEAN INVESTMENT BANK 2.12500% 16-13.04.26 | 300 000.00 | 326 501.13 | 0.31 |
| USD | ING BANK NV-REG-S 2.62500% 12-05.12.22 | 600 000.00 | 628 333.98 | 0.60 |
| USD | INTER-AMERICAN DEVELOPMENT BANK 3.00000% 14-21.02.24 | 550 000.00 | 605 535.48 | 0.58 |
| USD | INTL BK FOR RECONSTR & DEVT WORLD BANK 7.62500% 93-19.01.23 | 225 000.00 | 267 618.15 | 0.26 |
| USD | INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 15-29.07.25 | 500 000.00 | 549 600.00 | 0.52 |
| USD | KOREA, REPUBLIC OF 3.87500% 13-11.09.23 | 200 000.00 | 218 562.50 | 0.21 |
| USD | KREDITANSTALT FUER WIEDERAUFBAU 2.50000% 14-20.11.24 | 200 000.00 | 217 997.14 | 0.21 |
| USD | MICROSOFT CORP 2.40000% 16-08.08.26 | 500 000.00 | 549 309.15 | 0.52 |
| USD | MORGAN STANLEY 5.50000% 10-24.07.20 | 350 000.00 | 352 495.50 | 0.34 |
| USD | NOVARTIS CAPITAL CORP 3.40000% 14-06.05.24 | 500 000.00 | 550 957.35 | 0.53 |
| USD | OESTERREICHISCHE KONTROLLBANK AG 2.37500% 14-01.10.21 | 50 000.00 | 51 359.86 | 0.05 |
| USD | ONTARIO, PROVINCE OF 3.20000% 14-16.05.24 | 100 000.00 | 109 644.01 | 0.10 |
| USD | ONTARIO, PROVINCE OF 2.50000% 16-27.04.26 | 900 000.00 | 980 964.00 | 0.94 |
| Total USD |  |  | 7 566 454.74 | 7.22 |
| Total Bonds, fixed rate |  | 7 566 454.74 | 7.22 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 5 000.00 | 7 455.85 | 0.01 |
| USD	AMERICA, UNITED STATES OF 4.37500% 08-15.02.38 | 5 000.00 | 7 779.49 | 0.01 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 5 000.00 | 5 621.68 | 0.01 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.11.27 | 5 000.00 | 5 636.91 | 0.01 |
| USD	AMERICA, UNITED STATES OF 2.62500% 19-15.02.29 | 30 000.00 | 35 192.58 | 0.03 |
| USD	AMERICA, UNITED STATES OF 1.50000% 15-31.01.22 | 5 000.00 | 5 109.76 | 0.00 |
| USD	AMERICA, UNITED STATES OF 2.62500% 10-15.11.20 | 5 000.00 | 5 055.28 | 0.00 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 5 000.00 | 5 053.91 | 0.00 |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 5 000.00 | 5 153.90 | 0.00 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 5 000.00 | 5 193.56 | 0.00 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.02.27 | 5 000.00 | 5 587.50 | 0.01 |
| USD	AMERICA, UNITED STATES OF 1.75000% 13-15.05.23 | 5 000.00 | 5 228.90 | 0.00 |
| USD	AMERICA, UNITED STATES OF 2.50000% 13-15.08.23 | 20 000.00 | 21 465.62 | 0.02 |
| USD	AMERICA, UNITED STATES OF 2.37500% 17-15.05.27 | 15 000.00 | 16 942.38 | 0.02 |
| USD	AMERICA, UNITED STATES OF 2.12500% 15-15.05.25 | 5 000.00 | 5 442.38 | 0.01 |
| USD	AMERICA, UNITED STATES OF 1.50000% 19-30.11.24 | 5 000.00 | 5 274.22 | 0.01 |
| USD	AMERICA, UNITED STATES OF 0.62500% 20-15.05.30 | 195 000.00 | 194 581.05 | 0.19 |
| Total USD |  | 341 774.97 | 0.33 |
| Total Treasury notes, fixed rate |  | 341 774.97 | 0.33 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 200 000.00 | 434 816.87 | 0.41 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 370 000.00 | 573 492.79 | 0.55 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 95 000.00 | 109 642.51 | 0.10 |
| USD	AMERICA, UNITED STATES OF 1.125%/CPI LINKED 11-15.01.21 | 240 000.00 | 283 118.21 | 0.27 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 377 000.00 | 426 178.29 | 0.41 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 500 000.00 | 569 164.48 | 0.54 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 499 000.00 | 569 000.84 | 0.54 |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 206 000.00 | 234 237.83 | 0.22 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 20-15.01.30 | 400 000.00 | 425 102.54 | 0.41 |
| Total USD |  | 3 624 754.36 | 3.45 |
| Total Treasury notes, floating rate |  | 3 624 754.36 | 3.45 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 46 239 332.83 | 44.11 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	HSBC HOLDINGS PLC 4.87500% 11-14.01.22 | 600 000.00 | 636 081.60 | 0.61 |
| USD	JPMORGAN CHASE & CO 4.25000% 10-15.10.20 | 200 000.00 | 202 878.22 | 0.19 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 1.95000% 17-28.09.20 | 500 000.00 | 502 463.55 | 0.48 |
| USD	SCENTRE GROUP TRUST 1 / 2-REG-S 3.75000% 17-23.03.27 | 225 000.00 | 226 518.75 | 0.22 |
| Total USD |  | 1 567 942.12 | 1.50 |
| Total Notes, fixed rate |  | 1 567 942.12 | 1.50 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	GUARDIAN LIFE GLOBAL FUNDING-REG-S 2.00000% 16-26.04.21 | 350 000.00 | 354 776.69 | 0.34 |
| Total USD |  | 354 776.69 | 0.34 |
| Total Medium term notes, fixed rate |  | 354 776.69 | 0.34 |

UBS (Lux) Strategy SICAV – Fixed Income (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, zero coupon
USD
| USD | INTL BK FOR RECONSTR & DEVT WORLD BANK 0.00000% 00-01.05.30 | 370 000.00 | 320 230.39 | 0.30 |
| --- | --- | --- | --- | --- |
| Total USD | 320 230.39 | 0.30 |
| Total Medium term notes, zero coupon |  | 320 230.39 | 0.30 |
| Medium term notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	GOLDMAN SACHS GROUP 3M LIBOR+160BP 13-29.11.23 | 325 000.00 | 327 068.76 | 0.31 |
| Total USD |  | 327 068.76 | 0.31 |
| Total Medium term notes, floating rate |  | 327 068.76 | 0.31 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 490 000.00 | 555 749.54 | 0.53 |
| Total USD |  | 555 749.54 | 0.53 |
| Total Treasury notes, floating rate | 555 749.54 | 0.53 |
| Total Transferable securities and money market instruments traded on another regulated market | 3 125 767.50 | 2.98 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |  |
| Investment funds, open end |  |  |
| Luxembourg |  |  |
| EUR | UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 16 129.00 | 2 242 636.64 | 2.14 |
| USD | UBS (LUX) BOND SICAV - SHORT TERM USD CORPORATES (USD) U-X-A | 1 006.00 | 11 117 738.58 | 10.61 |
| USD | UBS (LUX) BOND SICAV - USD CORPORATES U-X-ACC | 336.00 | 4 140 827.04 | 3.95 |
| USD | UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC | 238.00 | 4 548 744.06 | 4.34 |
| USD | UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS | 34 080.00 | 3 592 372.80 | 3.43 |
| USD | UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC | 1 665.00 | 19 513 916.55 | 18.62 |
| USD | UBS (LUX) EMERGING ECONOMIES FUND-GLOBAL BONDS (USD)-U-X ACC | 490.00 | 6 325 297.30 | 6.03 |
| USD | UBS (LUX) MONEY MARKET FUND - USD U-X-ACC | 1.00 | 11 197.66 | 0.01 |
| Total Luxembourg | 51 492 730.63 | 49.13 |
| Total Investment funds, open end | 51 492 730.63 | 49.13 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 51 492 730.63 | 49.13 |
| Total investments in securities | 100 857 830.96 | 96.22 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange |
| Financial Futures on bonds |
|  |  |  |  |
| USD	US 5YR TREASURY NOTE FUTURE 30.09.20 | 8.00 | 2 562.50 | 0.00 |
| Total Financial Futures on bonds | 2 562.50 | 0.00 |
| Total Derivative instruments listed on an official stock exchange | 2 562.50 | 0.00 |
| Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  |  |
| Credit default swaps* |  |  |
|  |  |  |
| USD	ICE/CDX.NA.IG.34 CDI REC 1.00000% 20-20.06.25	2 500 000.00 | 32 535.56 | 0.03 |
| Total Credit default swaps | 32 535.56 | 0.03 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market | 32 535.56 | 0.03 |
| Total Derivative instruments | 35 098.06 | 0.03 |
| Forward Foreign Exchange contracts |  |  |
| Forward Foreign Exchange contracts (Purchase/Sale) |  |  |

| USD | 1 209 650.67 | EUR | 1 111 858.29 | 24.6.2020 | -27 705.78 | -0.03 |
| --- | --- | --- | --- | --- | --- | --- |
| GBP | 825 507.36 | USD | 1 020 359.29 | 24.6.2020 | 316.24 | 0.00 |
| USD | 1 264 348.71 | EUR | 1 166 496.02 | 22.7.2020 | -34 590.18 | -0.03 |
| GBP | 825 702.76 | USD | 1 019 808.14 | 22.7.2020 | 1 225.56 | 0.00 |
| JPY | 4 297 498 000.00 | USD | 40 177 557.31 | 15.6.2020 | -281 704.46 | -0.27 |
| USD | 516 315.66 | JPY | 55 680 100.00 | 15.6.2020 | -590.94 | 0.00 |
| USD | 775 697.41 | JPY | 83 530 200.00 | 15.6.2020 | 244.21 | 0.00 |
| JPY | 89 706 900.00 | USD | 833 254.61 | 15.6.2020 | -459.97 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | -343 265.32 | -0.33 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 4 124 897.58 | 3.94 |
| Bank overdraft and other short-term liabilities | -46.66 | 0.00 |
| Other assets and liabilities | 146 521.79 | 0.14 |
| Total net assets | 104 821 036.41 | 100.00 |
| * Positive nominal: the subfund is “Receiver”, negative nominal: the subfund is “Payer”. |  |  |

UBS (Lux) Strategy SICAV – Fixed Income (USD) Annual report and audited financial statements as of 31 May 2020

Translation (ENDE, 2020-05-31):
# UBS (Lux) Strategy SICAV – Fixed Income (USD)
| Dreijahresvergleich |  |
| --- | --- |
|  | ISIN | 31.5.2020 | 31.5.2019 | 31.5.2018 |
| Nettovermögen in USD |  | 104 821 036.41 | 153 368 218.52 | 171 926 461.34 |
| Klasse K-1-acc 1 | LU0937166048 |  |  |  |
| Aktien im Umlauf |  | - | 1.1000 | 1.5000 |
| Nettoinventarwert pro Aktie in USD |  | - | 5 543 780.65 | 5 289 971.51 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | - | 5 543 780.65 | 5 289 971.51 |
| Klasse P-acc | LU0042745397 |  |  |  |
| Aktien im Umlauf |  | 238 985.1700 | 344 431.0760 | 394 876.3520 |
| Nettoinventarwert pro Aktie in USD |  | 250.24 | 239.06 | 228.65 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 250.24 | 239.06 | 228.65 |
| Klasse (JPY hedged) P-acc | LU1203193534 |  |  |  |
| Aktien im Umlauf |  | 418 030.8880 | 684 496.6580 | 795 500.2490 |
| Nettoinventarwert pro Aktie in JPY |  | 10 214 | 9 984 | 9 823 |
| Ausgabe- und Rücknahmepreis pro Aktie in JPY 2 |  | 10 214 | 9 984 | 9 823 |
| Klasse Q-acc | LU1240800885 |  |  |  |
| Aktien im Umlauf |  | 47 279.1560 | 18 344.1750 | 17 246.1750 |
| Nettoinventarwert pro Aktie in USD |  | 113.90 | 108.35 | 103.19 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 113.90 | 108.35 | 103.19 |
| 1  Die Aktienklasse K-1-acc war bis zum 27.1.2020 im Umlauf 2  Siehe Erläuterung 1 |  |  |  |  |
| Performance |  |  |  |  |
|  | Währung | 2019/2020 | 2018/2019 | 2017/2018 |
| Klasse K-1-acc 1 | USD | - | 4.8% | -0.7% |
| Klasse P-acc | USD | 4.7% | 4.6% | -1.0% |
| Klasse (JPY hedged) P-acc | JPY | 2.3% | 1.6% | -2.8% |
| Klasse Q-acc | USD | 5.1% | 5.0% | -0.5% |

1 
Die Aktienklasse K-1-acc war bis zum 27.1.2020 im Umlauf. Auf Grund dessen liegen keine Daten für die Berechnung der Performance vor. Die historische Performance stellt keinen Indikator für die laufende oder zukünftige Performance dar.
Die Performancedaten lassen die bei der Ausgabe und Rücknahme der Aktien erhobenen Kommissionen und Kosten unberücksichtigt. Die Performancedaten sind ungeprüft.
Der Subfonds verfügt über keine Benchmark.
UBS (Lux) Strategy SICAV – Fixed Income (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.
Der Subfonds erzielte im Rechnungsjahr einen positiven Ertrag, zu dem unter anderem die kräftige Erholung als sicher geltender Anlagen in USD ab April 2020 beitrug.
Die bedeutendste Entwicklung seit dem Jahresende war der Ausbruch von Covid-19, die zunächst in China auf- trat, aber mittlerweile die meisten Kontinente erfasst hat. Derzeit ist es nicht möglich, abzuschätzen, wie dieses neu entstehende Risiko die Unternehmen in unserem Portfo- lio genau beeinflussen wird. Doch die Besorgnis über die Auswirkungen auf die Weltwirtschaft nimmt zu. An den Finanzmärkten ist es in den letzten Wochen zu bedeuten- den Korrekturen gekommen. Der Verwaltungsrat und die Manager behalten die Bemühungen der Regierungen zur Eindämmung der Virusausbreitung aufmerksam im Auge und beobachten die möglichen wirtschaftlichen Auswir- kungen auf die Unternehmen in unserem Portfolio.

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
Luxemburg	50.38
Vereinigte Staaten	22.67
Kanada	3.19
Niederlande	3.02
Frankreich	2.18
Südkorea	1.91
Deutschland	1.87
Supranational	1.60
Australien	1.25
Kuwait	1.16
Philippinen	1.01
Katar	0.86
Singapur	0.83
Vereinigte Arabische Emirate	0.82
Jersey	0.74
Japan	0.68
Norwegen	0.63
Grossbritannien	0.61
Schweden	0.38
Neuseeland	0.38
Total	96.22
Österreich	0.05
Wirtschaftliche Aufteilung in % des Nettovermögens	
Anlagefonds	49.13
| Finanz- & Beteiligungsgesellschaften | 8.86 |
| --- | --- |
| Banken & Kreditinstitute | 7.71 |
| Länder- & Zentralregierungen | 6.54 |
| Supranationale Organisationen | 5.81 |
| Kantone, Bundesstaaten | 3.43 |
| Computer & Netzwerkausrüster | 2.71 |
| Öffentlich-rechtliche Körperschaften | 2.07 |
| Erdöl | 2.03 |
| Diverse Dienstleistungen | 1.93 |
| Pharmazeutik, Kosmetik & medizinische Produkte | 1.91 |
| Internet, Software & IT-Dienste | 1.46 |
| Detailhandel, Warenhäuser | 1.29 |
| Biotechnologie | 0.72 |
| Tabak & alkoholische Getränke | 0.40 |
| Diverse Konsumgüter | 0.22 |
| Total | 96.22 |

UBS (Lux) Strategy SICAV – Fixed Income (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020

## Nettovermögensaufstellung
Aktiva	31.5.2020
USD
Wertpapierbestand, Einstandswert	94 834 101.25
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	6 023 729.71	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 100 857 830.96 |
| Bankguthaben, Sicht- und Fristgelder | 4 056 730.98 |
| Andere liquide Mittel (Margins) | 68 166.60 |
| Zinsforderungen aus Wertpapieren | 291 703.01 |
| Zinsforderungen aus liquiden Mitteln | 0.80 |
| Nicht realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten (Erläuterung 1) | 2 562.50 |
| Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1) | -343 265.32 |
| Nicht realisierter Kursgewinn (-verlust) aus Swaps (Erläuterung 1) | 32 535.56 |
| Total Aktiva | 104 966 265.09 |
|  |  |
| Passiva |  |
| Kontokorrentkredit | -46.66 |
| Verbindlichkeiten aus Rücknahmen | -97 000.41 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -43 154.74 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -4 321.95 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-704.92	 |
| Total Rückstellungen für Aufwendungen | -48 181.61 |
| Total Passiva | -145 228.68 |
|  |  |
| Nettovermögen am Ende des Geschäftsjahres | 104 821 036.41 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 1.6.2019-31.5.2020 |
| Zinsertrag auf liquide Mittel | 26 387.98 |
| Zinsen auf Wertpapiere | 1 914 258.26 |
| Zinsertrag auf Swaps (Erläuterung 1) | 30 490.39 |
| Dividenden | 159 375.20 |
| Erträge aus Securities Lending (Erläuterung 15) | 39 234.63 |
| Sonstige Erträge (Erläuterung 4) | 96 202.62 |
| Total Erträge | 2 265 949.08 |
|  |  |
| Aufwendungen |  |
| Zinsaufwand auf Swaps (Erläuterung 1) | -2 239.49 |
| Kosten aus Securities Lending (Erläuterung 15) | -15 693.85 |
| Pauschale Verwaltungskommission (Erläuterung 2) | -1 554 587.64 |
| Abonnementsabgabe (Erläuterung 3) | -38 511.79 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -29 808.05 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -1 294.62 |
| Total Aufwendungen | -1 642 135.44 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | 623 813.64 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 4 267 487.30 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | 13 224.67 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | -989 034.55 |
| Realisierter Kursgewinn (-verlust) aus Swaps | 122 355.05 |
| Realisierter Währungsgewinn (-verlust) | 654 518.44 |
| Total der realisierten Gewinne (Verluste) | 4 068 550.91 |
|  |  |
| Realisierter Nettogewinn (-verlust) des Geschäftsjahres | 4 692 364.55 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 1 230 714.31 |
| Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente | 8 288.84 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | 11 276.56 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | -1 241 928.17 |
| Nicht realisierte Werterhöhung (-minderung) von Swaps | -41 402.80 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | -33 051.26 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 4 659 313.29 |

UBS (Lux) Strategy SICAV – Fixed Income (USD)
Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-31.5.2020 |
| Nettovermögen zu Beginn des Geschäftsjahres | 153 368 218.52 |
| Zeichnungen | 63 819 024.19 |
| Rücknahmen | 	-117 025 519.59	 |
| Total Mittelzufluss (-abfluss) | -53 206 495.40 |
| Nettoerträge (-verluste) aus Anlagen | 623 813.64 |
| Total der realisierten Gewinne (Verluste) | 4 068 550.91 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	-33 051.26	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 4 659 313.29 |
| Nettovermögen am Ende des Geschäftsjahres | 104 821 036.41 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2019-31.5.2020 |
| Klasse | K-1-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 1.1000 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -1.1000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 0.0000 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 344 431.0760 |
| Anzahl der ausgegebenen Aktien | 64 499.4360 |
| Anzahl der zurückgegebenen Aktien | -169 945.3420 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 238 985.1700 |
| Klasse | (JPY hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 684 496.6580 |
| Anzahl der ausgegebenen Aktien | 478 860.3880 |
| Anzahl der zurückgegebenen Aktien | -745 326.1580 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 418 030.8880 |
| Klasse | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 18 344.1750 |
| Anzahl der ausgegebenen Aktien | 30 696.7470 |
| Anzahl der zurückgegebenen Aktien | -1 761.7660 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 47 279.1560 |

UBS (Lux) Strategy SICAV – Fixed Income (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 |  |  |  |
| Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	ABU DHABI,GOVERNMENT OF-REG-S 3.12500% 17-11.10.27 | 800 000.00 | 858 000.00 | 0.82 |
| USD	ALBERTA, PROVINCE OF 3.30000% 18-15.03.28 | 200 000.00 | 230 581.18 | 0.22 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 230 000.00 | 245 124.39 | 0.23 |
| USD	APPLE INC 1.65000% 20-11.05.30 | 175 000.00 | 177 561.80 | 0.17 |
| USD	APPLE INC 2.20000% 19-11.09.29 | 500 000.00 | 536 731.10 | 0.51 |
| USD	APPLE INC 2.25000% 16-23.02.21 | 195 000.00 | 197 432.88 | 0.19 |
| USD	APPLE INC 2.40000% 13-03.05.23 | 200 000.00 | 211 683.70 | 0.20 |
| USD	APPLE INC 2.45000% 16-04.08.26 | 300 000.00 | 327 019.02 | 0.31 |
| USD	APPLE INC 3.25000% 16-23.02.26 | 500 000.00 | 563 969.20 | 0.54 |
| USD	APPLE INC 3.45000% 14-06.05.24 | 300 000.00 | 332 766.48 | 0.32 |
| USD	BAYER US FINANCE II LLC-REG-S 3.87500% 18-15.12.23 | 200 000.00 | 215 718.80 | 0.21 |
| USD	BERKSHIRE HATHAWAY INC 2.75000% 16-15.03.23 | 500 000.00 | 532 324.45 | 0.51 |
| USD	BERKSHIRE HATHAWAY INC 3.12500% 16-15.03.26 | 350 000.00 | 391 307.56 | 0.37 |
| USD	CHEVRON CORP 2.23600% 20-11.05.30 | 500 000.00 | 525 340.50 | 0.50 |
| USD	EQUINOR ASA 3.62500% 18-10.09.28 | 580 000.00 | 656 593.70 | 0.63 |
| USD	EUROPEAN INVESTMENT BANK 2.37500% 17-24.05.27 | 300 000.00 | 334 160.10 | 0.32 |
| USD	EUROPEAN INVESTMENT BANK 2.62500% 19-20.05.22 | 140 000.00 | 146 365.50 | 0.14 |
| USD	EXXON MOBIL CORP 3.04300% 16-01.03.26 | 850 000.00 | 941 573.39 | 0.90 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 2.25000% 19-18.06.29 | 800 000.00 | 894 545.52 | 0.85 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 2.85000% 19-13.05.22 | 475 000.00 | 496 670.78 | 0.47 |
| USD	JOHNSON & JOHNSON 2.45000% 16-01.03.26 | 200 000.00 | 218 760.02 | 0.21 |
| USD	JOHNSON & JOHNSON 2.90000% 17-15.01.28 | 500 000.00 | 562 222.95 | 0.54 |
| USD	JOHNSON & JOHNSON 3.37500% 13-05.12.23 | 550 000.00 | 608 757.60 | 0.58 |
| USD	KOREA DEVELOPMENT BANK 4.62500% 11-16.11.21 | 700 000.00 | 736 312.50 | 0.70 |
| USD	KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 3.12500% 17-25.07.27 | 600 000.00 | 643 125.00 | 0.61 |
| USD	KOREA RESOURCES CORP-REG-S 3.00000% 17-24.04.22 | 400 000.00 | 408 625.00 | 0.39 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.12500% 13-17.01.23 | 190 000.00 | 198 995.62 | 0.19 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.00000% 15-02.05.25 | 50 000.00 | 53 621.50 | 0.05 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 1.62500% 16-15.03.21 | 400 000.00 | 404 257.36 | 0.39 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.87500% 18-03.04.28 | 380 000.00 | 441 267.40 | 0.42 |
| USD	KUWAIT INTERNATIONAL GOVT BOND-REG-S 3.50000% 17-20.03.27 | 1 100 000.00 | 1 212 750.00 | 1.16 |
| USD	LANDWIRTSCHAFTLICHE RENTENBANK 2.00000% 15-13.01.25 | 600 000.00 | 640 386.00 | 0.61 |
| USD	MICROSOFT CORP 3.30000% 17-06.02.27 | 850 000.00 | 976 225.09 | 0.93 |
| USD	NOVARTIS CAPITAL CORP 3.10000% 17-17.05.27 | 475 000.00 | 530 494.35 | 0.51 |
| USD	ONTARIO, PROVINCE OF 2.00000% 19-02.10.29 | 475 000.00 | 506 201.37 | 0.48 |
| USD	PROCTER & GAMBLE CO 1.85000% 16-02.02.21 | 225 000.00 | 227 175.08 | 0.22 |
| USD	QATAR, STATE OF-REG-S 2.37500% 16-02.06.21 | 450 000.00 | 454 640.62 | 0.43 |
| USD	QATAR, STATE OF-REG-S 4.00000% 19-14.03.29 | 400 000.00 | 451 000.00 | 0.43 |
| USD	QUEBEC, PROVINCE OF 2.75000% 17-12.04.27 | 430 000.00 | 478 730.74 | 0.46 |
| USD	ROCHE HOLDINGS INC-REG-S 3.62500% 18-17.09.28 | 650 000.00 | 759 731.51 | 0.73 |
| USD	SANOFI 4.00000% 11-29.03.21 | 600 000.00 | 617 954.64 | 0.59 |
| USD	SHELL INTERNATIONAL FINANCE BV 2.87500% 16-10.05.26 | 950 000.00 | 1 036 020.89 | 0.99 |
| USD	STATE STREET CORP 2.40000% 20-24.01.30 | 260 000.00 | 276 131.41 | 0.26 |
| USD	TOTAL CAPITAL INTERNATIONAL SA 3.45500% 19-19.02.29 | 575 000.00 | 640 807.03 | 0.61 |
| USD	VISA INC 3.15000% 15-14.12.25 | 450 000.00 | 505 593.85 | 0.48 |
| USD	WALMART INC 3.05000% 19-08.07.26 | 425 000.00 | 475 572.53 | 0.45 |
| USD	WALMART INC 3.12500% 18-23.06.21 | 275 000.00 | 282 781.32 | 0.27 |
| USD	WALMART INC 3.70000% 18-26.06.28 | 500 000.00 | 591 634.10 | 0.56 |
| USD	WESTPAC BANKING CORP 2.85000% 16-13.05.26 | 725 000.00 | 777 852.50 | 0.74 |
| USD	WESTPAC BANKING CORP 2.65000% 18-25.01.21 | 300 000.00 | 303 900.00 | 0.29 |
| Total USD |  | 24 836 998.03 | 23.69 |
| Total Notes, fester Zins |  | 24 836 998.03 | 23.69 |
| Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	CITIGROUP INC 3M LIBOR+143BP 16-01.09.23 | 165 000.00 | 166 033.36 | 0.16 |
| Total USD |  | 166 033.36 | 0.16 |
| Total Notes, variabler Zins |  | 166 033.36 | 0.16 |
| Medium-Term Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	ASB FINANCE LTD-REG-S 2.12500% 16-01.09.21 | 400 000.00 | 401 037.40 | 0.38 |
| USD	ASIAN DEVELOPMENT BANK 2.00000% 15-22.01.25 | 325 000.00 | 347 155.60 | 0.33 |
| USD	ASIAN DEVELOPMENT BANK 2.62500% 17-12.01.27 | 425 000.00 | 477 158.29 | 0.46 |
| USD	ASIAN DEVELOPMENT BANK 2.00000% 17-16.02.22 | 440 000.00 | 452 544.40 | 0.43 |
| USD	ASIAN DEVELOPMENT BANK 2.75000% 18-19.01.28 | 630 000.00 | 723 230.11 | 0.69 |
| USD	ASIAN DEVELOPMENT BANK 1.75000% 19-19.09.29 | 125 000.00 | 134 363.97 | 0.13 |
| USD	AUSTRALIA & NEW ZEALAND BANKING GRP/NY 2.30000% 16-01.06.21 | 420 000.00 | 426 720.00 | 0.41 |
| USD	BANK OF AMERICA CORP 3.24800% 16-21.10.27 | 225 000.00 | 245 900.61 | 0.23 |
| USD	CAISSE D'AMOR DE LA DETTE SOCIALE-REG-S 3.37500% 14-20.03.24 | 925 000.00 | 1 024 178.50 | 0.98 |
| USD	CPPIB CAPITAL INC-REG-S 2.75000% 17-02.11.27 | 350 000.00 | 392 795.69 | 0.37 |
| USD	IDB TRUST SERVICES LTD-REG-S 2.26100% 17-26.09.22 | 750 000.00 | 773 573.10 | 0.74 |
| USD	JAPAN TOBACCO INC-REG-S 2.80000% 16-13.04.26 | 400 000.00 | 419 520.00 | 0.40 |
| USD	MDGH - GMTN BV-REG-S 3.00000% 17-19.04.24 | 275 000.00 | 286 687.50 | 0.27 |
| USD	NESTLE HOLDINGS INC-REG-S 2.37500% 17-18.01.22 | 800 000.00 | 822 589.20 | 0.78 |
| USD	NESTLE HOLDINGS INC-REG-S 3.12500% 18-22.03.23 | 200 000.00 | 212 486.00 | 0.20 |
| USD	NISSAN MOTOR ACCEPTANCE CORP-REG-S 2.60000% 17-28.09.22 | 75 000.00 | 69 425.92 | 0.07 |
| USD	SP POWERASSETS LTD-REG-S 3.25000% 15-24.11.25 | 800 000.00 | 869 880.00 | 0.83 |
| USD	SUMITOMO MITSUI BANKING CORP-REG-S 2.44000% 19-18.06.24 | 279 000.00 | 288 960.30 | 0.28 |
| USD	SVENSK EXPORTKREDIT AB 1.75000% 16-10.03.21 | 400 000.00 | 404 312.92 | 0.39 |
| USD	TORONTO-DOMINION BANK 2.50000% 15-14.12.20 | 210 000.00 | 212 443.58 | 0.20 |
| USD	TOYOTA MOTOR CREDIT CORP 2.60000% 17-11.01.22 | 700 000.00 | 718 354.28 | 0.69 |
| Total USD |  | 9 703 317.37 | 9.26 |
| Total Medium-Term Notes, fester Zins |  | 9 703 317.37 | 9.26 |
| UBS (Lux) Strategy SICAV – Fixed Income (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) |  |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	BNG BANK NV-REG-S 2.62500% 14-28.04.21 | 920 000.00 | 937 552.68 | 0.89 |
| USD	BNG BANK NV-REG-S 2.37500% 16-16.03.26 | 250 000.00 | 272 708.95 | 0.26 |
| USD	BRITISH COLUMBIA, PROVINCE OF 2.25000% 16-02.06.26 | 400 000.00 | 432 764.00 | 0.41 |
| USD	EUROPEAN INVESTMENT BANK 3.25000% 14-29.01.24 | 225 000.00 | 248 372.21 | 0.24 |
| USD	EUROPEAN INVESTMENT BANK 1.87500% 15-10.02.25 | 250 000.00 | 266 178.65 | 0.25 |
| USD	EUROPEAN INVESTMENT BANK 2.12500% 16-13.04.26 | 300 000.00 | 326 501.13 | 0.31 |
| USD	ING BANK NV-REG-S 2.62500% 12-05.12.22 | 600 000.00 | 628 333.98 | 0.60 |
| USD	INTER-AMERICAN DEVELOPMENT BANK 3.00000% 14-21.02.24 | 550 000.00 | 605 535.48 | 0.58 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 7.62500% 93-19.01.23 | 225 000.00 | 267 618.15 | 0.26 |
| USD	INTL BK FOR RECONSTR & DEVT WORLD BANK 2.50000% 15-29.07.25 | 500 000.00 | 549 600.00 | 0.52 |
| USD	KOREA, REPUBLIC OF 3.87500% 13-11.09.23 | 200 000.00 | 218 562.50 | 0.21 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 2.50000% 14-20.11.24 | 200 000.00 | 217 997.14 | 0.21 |
| USD	MICROSOFT CORP 2.40000% 16-08.08.26 | 500 000.00 | 549 309.15 | 0.52 |
| USD	MORGAN STANLEY 5.50000% 10-24.07.20 | 350 000.00 | 352 495.50 | 0.34 |
| USD	NOVARTIS CAPITAL CORP 3.40000% 14-06.05.24 | 500 000.00 | 550 957.35 | 0.53 |
| USD	OESTERREICHISCHE KONTROLLBANK AG 2.37500% 14-01.10.21 | 50 000.00 | 51 359.86 | 0.05 |
| USD	ONTARIO, PROVINCE OF 3.20000% 14-16.05.24 | 100 000.00 | 109 644.01 | 0.10 |
| USD	ONTARIO, PROVINCE OF 2.50000% 16-27.04.26 | 900 000.00 | 980 964.00 | 0.94 |
| Total USD |  | 7 566 454.74 | 7.22 |
| Total Anleihen, fester Zins |  | 7 566 454.74 | 7.22 |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 5.37500% 01-15.02.31 | 5 000.00 | 7 455.85 | 0.01 |
| USD	AMERICA, UNITED STATES OF 4.37500% 08-15.02.38 | 5 000.00 | 7 779.49 | 0.01 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.08.27 | 5 000.00 | 5 621.68 | 0.01 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.11.27 | 5 000.00 | 5 636.91 | 0.01 |
| USD	AMERICA, UNITED STATES OF 2.62500% 19-15.02.29 | 30 000.00 | 35 192.58 | 0.03 |
| USD	AMERICA, UNITED STATES OF 1.50000% 15-31.01.22 | 5 000.00 | 5 109.76 | 0.00 |
| USD	AMERICA, UNITED STATES OF 2.62500% 10-15.11.20 | 5 000.00 | 5 055.28 | 0.00 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-31.07.21 | 5 000.00 | 5 053.91 | 0.00 |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 5 000.00 | 5 153.90 | 0.00 |
| USD	AMERICA, UNITED STATES OF 1.37500% 16-30.09.23 | 5 000.00 | 5 193.56 | 0.00 |
| USD	AMERICA, UNITED STATES OF 2.25000% 17-15.02.27 | 5 000.00 | 5 587.50 | 0.01 |
| USD	AMERICA, UNITED STATES OF 1.75000% 13-15.05.23 | 5 000.00 | 5 228.90 | 0.00 |
| USD	AMERICA, UNITED STATES OF 2.50000% 13-15.08.23 | 20 000.00 | 21 465.62 | 0.02 |
| USD	AMERICA, UNITED STATES OF 2.37500% 17-15.05.27 | 15 000.00 | 16 942.38 | 0.02 |
| USD	AMERICA, UNITED STATES OF 2.12500% 15-15.05.25 | 5 000.00 | 5 442.38 | 0.01 |
| USD	AMERICA, UNITED STATES OF 1.50000% 19-30.11.24 | 5 000.00 | 5 274.22 | 0.01 |
| USD	AMERICA, UNITED STATES OF 0.62500% 20-15.05.30 | 195 000.00 | 194 581.05 | 0.19 |
| Total USD |  | 341 774.97 | 0.33 |
| Total Treasury-Notes, fester Zins |  | 341 774.97 | 0.33 |
| Treasury-Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.875%/CPI LINKED 99-15.04.29 | 200 000.00 | 434 816.87 | 0.41 |
| USD	AMERICA, UNITED STATES OF 2.375%/CPI LINKED 04-15.01.25 | 370 000.00 | 573 492.79 | 0.55 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 95 000.00 | 109 642.51 | 0.10 |
| USD	AMERICA, UNITED STATES OF 1.125%/CPI LINKED 11-15.01.21 | 240 000.00 | 283 118.21 | 0.27 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 377 000.00 | 426 178.29 | 0.41 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 500 000.00 | 569 164.48 | 0.54 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 499 000.00 | 569 000.84 | 0.54 |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 206 000.00 | 234 237.83 | 0.22 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 20-15.01.30 | 400 000.00 | 425 102.54 | 0.41 |
| Total USD |  | 3 624 754.36 | 3.45 |
| Total Treasury-Notes, variabler Zins | 3 624 754.36 | 3.45 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 46 239 332.83 | 44.11 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Notes, fester Zins |  |  |
| USD |  |  |
| USD	HSBC HOLDINGS PLC 4.87500% 11-14.01.22	600 000.00 | 636 081.60 | 0.61 |
| USD	JPMORGAN CHASE & CO 4.25000% 10-15.10.20	200 000.00 | 202 878.22 | 0.19 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 1.95000% 17-28.09.20	500 000.00 | 502 463.55 | 0.48 |
| USD	SCENTRE GROUP TRUST 1 / 2-REG-S 3.75000% 17-23.03.27	225 000.00 | 226 518.75 | 0.22 |
| Total USD | 1 567 942.12 | 1.50 |
| Total Notes, fester Zins | 1 567 942.12 | 1.50 |
| Medium-Term Notes, fester Zins |  |  |
| USD |  |  |
| USD	GUARDIAN LIFE GLOBAL FUNDING-REG-S 2.00000% 16-26.04.21	350 000.00 | 354 776.69 | 0.34 |
| Total USD | 354 776.69 | 0.34 |
| Total Medium-Term Notes, fester Zins | 354 776.69 | 0.34 |

UBS (Lux) Strategy SICAV – Fixed Income (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, Nullcoupon
USD
| USD | INTL BK FOR RECONSTR & DEVT WORLD BANK 0.00000% 00-01.05.30 | 370 000.00 | 320 230.39 | 0.30 |
| --- | --- | --- | --- | --- |
| Total USD | 320 230.39 | 0.30 |
| Total Medium-Term Notes, Nullcoupon |  | 320 230.39 | 0.30 |
| Medium-Term Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	GOLDMAN SACHS GROUP 3M LIBOR+160BP 13-29.11.23 | 325 000.00 | 327 068.76 | 0.31 |
| Total USD |  | 327 068.76 | 0.31 |
| Total Medium-Term Notes, variabler Zins |  | 327 068.76 | 0.31 |
| Treasury-Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 12-15.07.22 | 490 000.00 | 555 749.54 | 0.53 |
| Total USD |  | 555 749.54 | 0.53 |
| Total Treasury-Notes, variabler Zins |  | 555 749.54 | 0.53 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  | 3 125 767.50 | 2.98 |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
Luxemburg
| EUR | UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 16 129.00 | 2 242 636.64 | 2.14 |
| --- | --- | --- | --- | --- |
| USD | UBS (LUX) BOND SICAV - SHORT TERM USD CORPORATES (USD) U-X-A | 1 006.00 | 11 117 738.58 | 10.61 |
| USD | UBS (LUX) BOND SICAV - USD CORPORATES U-X-ACC | 336.00 | 4 140 827.04 | 3.95 |
| USD | UBS (LUX) BOND SICAV - USD HIGH YIELD U-X-ACC | 238.00 | 4 548 744.06 | 4.34 |
| USD | UBS (LUX) BOND SICAV - EMERGING ECONOMIES CORP (USD)-I-X-DIS | 34 080.00 | 3 592 372.80 | 3.43 |
| USD | UBS (LUX) BOND SICAV - USD INVEST GRADE CORP USD U X ACC | 1 665.00 | 19 513 916.55 | 18.62 |
| USD | UBS (LUX) EMERGING ECONOMIES FUND-GLOBAL BONDS (USD)-U-X ACC | 490.00 | 6 325 297.30 | 6.03 |
| USD | UBS (LUX) MONEY MARKET FUND - USD U-X-ACC | 1.00 | 11 197.66 | 0.01 |
| Total Luxemburg | 51 492 730.63 | 49.13 |
| Total Investment Fonds, open end | 51 492 730.63 | 49.13 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 | 51 492 730.63 | 49.13 |
| Total des Wertpapierbestandes | 100 857 830.96 | 96.22 |

| Derivative Instrumente |  |
| --- | --- |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden Finanzterminkontrakte auf Anleihen |
|  |  |  |  |
| USD	US 5YR TREASURY NOTE FUTURE 30.09.20 | 8.00 | 2 562.50 | 0.00 |
| Total Finanzterminkontrakte auf Anleihen |  | 2 562.50 | 0.00 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | 2 562.50 | 0.00 |

Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Credit-Default-Swaps*
| USD | ICE/CDX.NA.IG.34 CDI REC 1.00000% 20-20.06.25 | 2 500 000.00 | 32 535.56 | 0.03 |
| --- | --- | --- | --- | --- |
| Total Credit-Default-Swaps | 32 535.56 | 0.03 |
| Total Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden | 32 535.56 | 0.03 |
| Total Derivative Instrumente | 35 098.06 | 0.03 |
| Devisenterminkontrakte |  |  |
| Devisenterminkontrakte (Kauf/Verkauf) |  |  |

| USD | 1 209 650.67 | EUR | 1 111 858.29 | 24.6.2020 | -27 705.78 | -0.03 |
| --- | --- | --- | --- | --- | --- | --- |
| GBP | 825 507.36 | USD | 1 020 359.29 | 24.6.2020 | 316.24 | 0.00 |
| USD | 1 264 348.71 | EUR | 1 166 496.02 | 22.7.2020 | -34 590.18 | -0.03 |
| GBP | 825 702.76 | USD | 1 019 808.14 | 22.7.2020 | 1 225.56 | 0.00 |
| JPY | 4 297 498 000.00 | USD | 40 177 557.31 | 15.6.2020 | -281 704.46 | -0.27 |
| USD | 516 315.66 | JPY | 55 680 100.00 | 15.6.2020 | -590.94 | 0.00 |
| USD | 775 697.41 | JPY | 83 530 200.00 | 15.6.2020 | 244.21 | 0.00 |
| JPY | 89 706 900.00 | USD | 833 254.61 | 15.6.2020 | -459.97 | 0.00 |
| Total Devisenterminkontrakte (Kauf/Verkauf) | -343 265.32 | -0.33 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 4 124 897.58 | 3.94 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -46.66 | 0.00 |
| Andere Aktiva und Passiva | 146 521.79 | 0.14 |
| Total des Nettovermögens | 104 821 036.41 | 100.00 |
| * Nominal positiv: der Subfonds ist «Receiver», Nominal negativ: der Subfonds ist «Payer». |  |  |
| UBS (Lux) Strategy SICAV – Fixed Income (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020 |  |  |