## Note 8 – Total Expense Ratio (TER)
This ratio was calculated in accordance with the Swiss Funds & Asset Management Association (SFAMA) “Guidelines on the calculation and disclosure of the TER” in the current version and expresses the sum of all costs and commissions charged on an ongoing basis to the net assets (operating expenses) taken retrospectively as a percentage of the net assets.
TER for the last 12 months:
UBS (Lux) Strategy SICAV	Total Expense Ratio (TER)
- Dynamic Income (USD) K-1-acc	1.12%
- Dynamic Income (USD) K-1-mdist	1.12%
- Dynamic Income (USD) (HKD) K-1-mdist	1.12%
- Dynamic Income (USD) P-acc	1.56%
- Dynamic Income (USD) P-mdist	1.56%UBS (Lux) Strategy SICAVAnnual report and audited financial statements as of 31 May 2020UBS (Lux) Strategy SICAV	Total Expense Ratio (TER)
- Dynamic Income (USD) (HKD) P-mdist	1.55%
- Dynamic Income (USD) (SGD hedged) P-mdist	1.58%
- Dynamic Income (USD) Q-acc	0.81%
- Dynamic Income (USD) (HKD) Q-acc	0.80%
- Dynamic Income (USD) Q-mdist	0.81%
- Dynamic Income (USD) (HKD) Q-mdist	0.81%
- Dynamic Income (USD) (SGD hedged) Q-mdist	0.83%
- Fixed Income (CHF) P-acc	1.14%
- Fixed Income (CHF) Q-acc	0.71%
- Fixed Income (EUR) P-acc	1.14%
- Fixed Income (EUR) Q-acc	0.71%
- Fixed Income (USD) P-acc	1.13%
- Fixed Income (USD) (JPY hedged) P-acc	1.16%
- Fixed Income (USD) Q-acc	0.71%
- Income (CHF) P-acc	1.36%
- Income (CHF) P-dist	1.36%
- Income (CHF) Q-acc	0.82%
- Income (CHF) Q-dist	0.82%
- Income (EUR) K-1-acc	0.94%
- Income (EUR) P-acc	1.35%
- Income (EUR) P-dist	1.35%
- Income (EUR) Q-acc	0.81%
- Income (EUR) Q-dist	0.81%
- Income (USD) K-1-acc	0.93%
- Income (USD) P-acc	1.35%
- Income (USD) P-dist	1.35%
- Income (USD) Q-acc	0.80%
- Income (USD) Q-dist	0.80%
- Systematic Allocation PortfolioDefensive (USD) K-1-acc	1.21%
- Systematic Allocation PortfolioDefensive (USD) (CHF hedged) K-1-acc	1.27%
- Systematic Allocation PortfolioDefensive (USD) (EUR hedged) K-1-acc	1.23%
- Systematic Allocation PortfolioDefensive (USD) (EUR hedged) K-X-acc	0.32%
- Systematic Allocation PortfolioDefensive (USD) P-4%-mdist	1.63%
- Systematic Allocation PortfolioDefensive (USD) (HKD) P-4%-mdist	1.63%
- Systematic Allocation PortfolioDefensive (USD) P-acc	1.63%
- Systematic Allocation PortfolioDefensive (USD) (CHF hedged) P-acc	1.65%
- Systematic Allocation PortfolioDefensive (USD) (EUR hedged) P-acc	1.65%
- Systematic Allocation PortfolioDefensive (USD) (GBP hedged) P-acc	1.67%
- Systematic Allocation PortfolioDefensive (USD) (SGD hedged) P-acc	1.65%
- Systematic Allocation PortfolioDefensive (USD) (SGD hedged) P-mdist	1.65%
- Systematic Allocation PortfolioDefensive (USD) Q-4%-mdist	1.00%
- Systematic Allocation PortfolioDefensive (USD) Q-acc	1.00%
- Systematic Allocation PortfolioDefensive (USD) (CHF hedged) Q-acc	1.02%
- Systematic Allocation PortfolioDefensive (USD) (EUR hedged) Q-acc	1.02%
- Systematic Allocation PortfolioDefensive (USD) (GBP hedged) Q-acc	1.02%
- Systematic Allocation PortfolioDefensive (USD) (SGD hedged) Q-mdist	1.00%
- Systematic Allocation PortfolioDynamic (USD) K-1-acc	1.37%
- Systematic Allocation PortfolioDynamic (USD) (EUR hedged) K-1-acc	1.37%UBS (Lux) Strategy SICAV	Total Expense Ratio (TER)
- Systematic Allocation PortfolioDynamic (USD) P-4%-mdist	1.89%
- Systematic Allocation PortfolioDynamic (USD) P-acc	1.89%
- Systematic Allocation PortfolioDynamic (USD) (CHF hedged) P-acc	1.91%
- Systematic Allocation PortfolioDynamic (USD) (EUR hedged) P-acc	1.91%
- Systematic Allocation PortfolioDynamic (USD) (GBP hedged) P-acc	1.91%
- Systematic Allocation PortfolioDynamic (USD) (SGD hedged) P-acc	1.91%
- Systematic Allocation PortfolioDynamic (USD) Q-4%-mdist	1.03%
- Systematic Allocation PortfolioDynamic (USD) Q-acc	1.04%
- Systematic Allocation PortfolioDynamic (USD) (CHF hedged) Q-acc	1.06%
- Systematic Allocation PortfolioDynamic (USD) (EUR hedged) Q-acc	1.06%
- Systematic Allocation PortfolioDynamic (USD) (GBP hedged) Q-acc	1.07%
- Systematic Allocation PortfolioMedium (USD) K-1-4%-mdist	1.32%
- Systematic Allocation PortfolioMedium (USD) (EUR hedged) K-1-4%-mdist	1.32%
- Systematic Allocation PortfolioMedium (USD) K-1-acc	1.32%
- Systematic Allocation PortfolioMedium (USD) (EUR hedged) K-1-acc	1.32%
- Systematic Allocation PortfolioMedium (USD) P-4%-mdist	1.79%
- Systematic Allocation PortfolioMedium (USD) (HKD) P-4%-mdist	1.79%
- Systematic Allocation PortfolioMedium (USD) P-acc	1.79%
- Systematic Allocation PortfolioMedium (USD) (HKD) P-acc	1.79%
- Systematic Allocation PortfolioMedium (USD) (AUD hedged) P-acc	1.82%
- Systematic Allocation PortfolioMedium (USD) (CAD hedged) P-acc	1.81%
- Systematic Allocation PortfolioMedium (USD) (CHF hedged) P-acc	1.82%
- Systematic Allocation PortfolioMedium (USD) (EUR hedged) P-acc	1.81%
- Systematic Allocation PortfolioMedium (USD) (GBP hedged) P-acc	1.82%
- Systematic Allocation PortfolioMedium (USD) (SGD hedged) P-acc	1.82%
- Systematic Allocation PortfolioMedium (USD) Q-4%-mdist	1.05%
- Systematic Allocation PortfolioMedium (USD) (HKD) Q-4%-mdist	1.05%
- Systematic Allocation PortfolioMedium (USD) Q-acc	1.05%
- Systematic Allocation PortfolioMedium (USD) (HKD) Q-acc	1.04%
- Systematic Allocation PortfolioMedium (USD) (CAD hedged) Q-acc	1.08%
- Systematic Allocation PortfolioMedium (USD) (CHF hedged) Q-acc	1.07%
- Systematic Allocation PortfolioMedium (USD) (EUR hedged) Q-acc	1.07%
- Systematic Allocation PortfolioMedium (USD) (GBP hedged) Q-acc	1.07%
- Systematic Allocation PortfolioMedium (USD) (SEK hedged) Q-acc	1.07%
- Systematic Allocation PortfolioMedium (USD) (SGD hedged) Q-acc	1.07%UBS (Lux) Strategy SICAV Annual report and audited financial statements as of 31 May 2020UBS (Lux) Strategy SICAV	Total Expense Ratio (TER)
- Systematic Allocation PortfolioMedium Classic (USD) (EUR hedged) K-1-acc	1.33%
- Systematic Allocation PortfolioMedium Classic (USD) P-acc	1.79%
- Systematic Allocation PortfolioMedium Classic (USD) (CHF hedged) P-acc	1.82%
- Systematic Allocation PortfolioMedium Classic (USD) (EUR hedged) P-acc	1.82%
- Systematic Allocation PortfolioMedium Classic (USD) (CHF hedged) Q-acc	1.07%
- Systematic Allocation PortfolioMedium Classic (USD) (EUR hedged) Q-acc	1.07%
- Xtra Balanced (EUR) P-acc	2.12%
- Xtra Balanced (EUR) P-dist	2.12%
- Xtra Balanced (EUR) Q-acc	1.20%
- Xtra Yield (EUR) P-acc	1.94%
- Xtra Yield (EUR) P-dist	1.94%
- Xtra Yield (EUR) Q-acc	1.09%
- Xtra Yield (EUR) Q-dist	1.09%Transaction costs, interest costs, securities lending costs and any other costs incurred in connection with currency hedging are not included in the TER.

Translation (ENDE, 2020-05-31):
## Erläuterung 8 – Total Expense Ratio (TER)
Diese Kennziffer wurde gemäss der «Richtlinie zur Berechnung und Offenlegung der TER» der Swiss Funds and Asset Management Association (SFAMA) in der aktu- ell gültigen Fassung berechnet und drückt die Gesamt- heit derjenigen Kommissionen und Kosten, die laufend dem Nettovermögen belastet werden (Betriebsaufwand), retrospektiv in einem %-Satz des Nettovermögens aus.
TER für die letzten 12 Monate:
UBS (Lux) Strategy SICAV	Total Expense Ratio (TER)
- Dynamic Income (USD) K-1-acc	1.12%
- Dynamic Income (USD) K-1-mdist	1.12%
- Dynamic Income (USD) (HKD) K-1-mdist	1.12%
- Dynamic Income (USD) P-acc	1.56%
- Dynamic Income (USD) P-mdist	1.56%
- Dynamic Income (USD) (HKD) P-mdist	1.55%
- Dynamic Income (USD) (SGD hedged) P-mdist	1.58%
- Dynamic Income (USD) Q-acc	0.81%
- Dynamic Income (USD) (HKD) Q-acc	0.80%
- Dynamic Income (USD) Q-mdist	0.81%
- Dynamic Income (USD) (HKD) Q-mdist	0.81%
- Dynamic Income (USD) (SGD hedged) Q-mdist	0.83%
- Fixed Income (CHF) P-acc	1.14%
- Fixed Income (CHF) Q-acc	0.71%
- Fixed Income (EUR) P-acc	1.14%
- Fixed Income (EUR) Q-acc	0.71%
- Fixed Income (USD) P-acc	1.13%
- Fixed Income (USD) (JPY hedged) P-acc	1.16%
- Fixed Income (USD) Q-acc	0.71%
- Income (CHF) P-acc	1.36%UBS (Lux) Strategy SICAV	Total Expense Ratio (TER)
- Income (CHF) P-dist	1.36%
- Income (CHF) Q-acc	0.82%
- Income (CHF) Q-dist	0.82%
- Income (EUR) K-1-acc	0.94%
- Income (EUR) P-acc	1.35%
- Income (EUR) P-dist	1.35%
- Income (EUR) Q-acc	0.81%
- Income (EUR) Q-dist	0.81%
- Income (USD) K-1-acc	0.93%
- Income (USD) P-acc	1.35%
- Income (USD) P-dist	1.35%
- Income (USD) Q-acc	0.80%
- Income (USD) Q-dist	0.80%
- Systematic Allocation PortfolioDefensive (USD) K-1-acc	1.21%
- Systematic Allocation PortfolioDefensive (USD) (CHF hedged) K-1-acc	1.27%
- Systematic Allocation PortfolioDefensive (USD) (EUR hedged) K-1-acc	1.23%
- Systematic Allocation PortfolioDefensive (USD) (EUR hedged) K-X-acc	0.32%
- Systematic Allocation PortfolioDefensive (USD) P-4%-mdist	1.63%
- Systematic Allocation PortfolioDefensive (USD) (HKD) P-4%-mdist	1.63%
- Systematic Allocation PortfolioDefensive (USD) P-acc	1.63%
- Systematic Allocation PortfolioDefensive (USD) (CHF hedged) P-acc	1.65%
- Systematic Allocation PortfolioDefensive (USD) (EUR hedged) P-acc	1.65%
- Systematic Allocation PortfolioDefensive (USD) (GBP hedged) P-acc	1.67%
- Systematic Allocation PortfolioDefensive (USD) (SGD hedged) P-acc	1.65%
- Systematic Allocation PortfolioDefensive (USD) (SGD hedged) P-mdist	1.65%
- Systematic Allocation PortfolioDefensive (USD) Q-4%-mdist	1.00%
- Systematic Allocation PortfolioDefensive (USD) Q-acc	1.00%
- Systematic Allocation PortfolioDefensive (USD) (CHF hedged) Q-acc	1.02%
- Systematic Allocation PortfolioDefensive (USD) (EUR hedged) Q-acc	1.02%
- Systematic Allocation PortfolioDefensive (USD) (GBP hedged) Q-acc	1.02%
- Systematic Allocation PortfolioDefensive (USD) (SGD hedged) Q-mdist	1.00%
- Systematic Allocation PortfolioDynamic (USD) K-1-acc	1.37%
- Systematic Allocation PortfolioDynamic (USD) (EUR hedged) K-1-acc	1.37%
- Systematic Allocation PortfolioDynamic (USD) P-4%-mdist	1.89%
- Systematic Allocation PortfolioDynamic (USD) P-acc	1.89%
- Systematic Allocation PortfolioDynamic (USD) (CHF hedged) P-acc	1.91%
- Systematic Allocation PortfolioDynamic (USD) (EUR hedged) P-acc	1.91%
- Systematic Allocation PortfolioDynamic (USD) (GBP hedged) P-acc	1.91%
- Systematic Allocation PortfolioDynamic (USD) (SGD hedged) P-acc	1.91%
- Systematic Allocation PortfolioDynamic (USD) Q-4%-mdist	1.03%
- Systematic Allocation PortfolioDynamic (USD) Q-acc	1.04%UBS (Lux) Strategy SICAV Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2020UBS (Lux) Strategy SICAV	Total Expense Ratio (TER)
- Systematic Allocation PortfolioDynamic (USD) (CHF hedged) Q-acc	1.06%
- Systematic Allocation PortfolioDynamic (USD) (EUR hedged) Q-acc	1.06%
- Systematic Allocation PortfolioDynamic (USD) (GBP hedged) Q-acc	1.07%
- Systematic Allocation PortfolioMedium (USD) K-1-4%-mdist	1.32%
- Systematic Allocation PortfolioMedium (USD) (EUR hedged) K-1-4%-mdist	1.32%
- Systematic Allocation PortfolioMedium (USD) K-1-acc	1.32%
- Systematic Allocation PortfolioMedium (USD) (EUR hedged) K-1-acc	1.32%
- Systematic Allocation PortfolioMedium (USD) P-4%-mdist	1.79%
- Systematic Allocation PortfolioMedium (USD) (HKD) P-4%-mdist	1.79%
- Systematic Allocation PortfolioMedium (USD) P-acc	1.79%
- Systematic Allocation PortfolioMedium (USD) (HKD) P-acc	1.79%
- Systematic Allocation PortfolioMedium (USD) (AUD hedged) P-acc	1.82%
- Systematic Allocation PortfolioMedium (USD) (CAD hedged) P-acc	1.81%
- Systematic Allocation PortfolioMedium (USD) (CHF hedged) P-acc	1.82%
- Systematic Allocation PortfolioMedium (USD) (EUR hedged) P-acc	1.81%
- Systematic Allocation PortfolioMedium (USD) (GBP hedged) P-acc	1.82%
- Systematic Allocation PortfolioMedium (USD) (SGD hedged) P-acc	1.82%
- Systematic Allocation PortfolioMedium (USD) Q-4%-mdist	1.05%
- Systematic Allocation PortfolioMedium (USD) (HKD) Q-4%-mdist	1.05%
- Systematic Allocation PortfolioMedium (USD) Q-acc	1.05%
- Systematic Allocation PortfolioMedium (USD) (HKD) Q-acc	1.04%
- Systematic Allocation PortfolioMedium (USD) (CAD hedged) Q-acc	1.08%
- Systematic Allocation PortfolioMedium (USD) (CHF hedged) Q-acc	1.07%
- Systematic Allocation PortfolioMedium (USD) (EUR hedged) Q-acc	1.07%
- Systematic Allocation PortfolioMedium (USD) (GBP hedged) Q-acc	1.07%
- Systematic Allocation PortfolioMedium (USD) (SEK hedged) Q-acc	1.07%
- Systematic Allocation PortfolioMedium (USD) (SGD hedged) Q-acc	1.07%
- Systematic Allocation PortfolioMedium Classic (USD) (EUR hedged) K-1-acc	1.33%
- Systematic Allocation PortfolioMedium Classic (USD) P-acc	1.79%
- Systematic Allocation PortfolioMedium Classic (USD) (CHF hedged) P-acc	1.82%
- Systematic Allocation PortfolioMedium Classic (USD) (EUR hedged) P-acc	1.82%
- Systematic Allocation PortfolioMedium Classic (USD) (CHF hedged) Q-acc	1.07%
- Systematic Allocation PortfolioMedium Classic (USD) (EUR hedged) Q-acc	1.07%
- Xtra Balanced (EUR) P-acc	2.12%
- Xtra Balanced (EUR) P-dist	2.12%
- Xtra Balanced (EUR) Q-acc	1.20%UBS (Lux) Strategy SICAV	Total Expense Ratio (TER)
- Xtra Yield (EUR) P-acc	1.94%
- Xtra Yield (EUR) P-dist	1.94%
- Xtra Yield (EUR) Q-acc	1.09%
- Xtra Yield (EUR) Q-dist	1.09%Transaktionskosten, Zinskosten, Wertpapierleihkosten und gegebenenfalls angefallene Kosten im Zusammen- hang mit Währungsabsicherungen sind nicht in der TER enthalten.