# Annual report and audited financial statements as of 31 May 2020
| Table of contents | Page |  | ISIN |
| --- | --- | --- | --- |
| Management and Administration | 3 |  |  |
| Features of the Company | 5 |  |  |
| Audit report | 10 |  |  |
| UBS (Lux) Strategy SICAV | 13 |  |  |
| UBS (Lux) Strategy SICAV – Dynamic Income (USD) UBS (Lux) Strategy SICAV – Fixed Income (CHF) | 15 40 | K-1-acc K-1-mdist (HKD) K-1-mdist P-acc P-mdist (HKD) P-mdist (SGD hedged) P-mdist Q-acc (HKD) Q-acc Q-mdist (HKD) Q-mdist (SGD hedged) Q-mdist P-acc | LU1917361336 LU1917361419 LU1917362060 LU1917362490 LU1917361179 LU1917361765 LU1919997111 LU1917360957 LU1917361682 LU1917361252 LU1917361849 LU1919997202 LU0042743699 |
| UBS (Lux) Strategy SICAV – Fixed Income (EUR) | 46 | Q-acc P-acc | LU1240800612 LU0042744747 |
| UBS (Lux) Strategy SICAV – Fixed Income (USD) | 52 | Q-acc K-1-acc | LU0943062561 LU0937166048 |
| UBS (Lux) Strategy SICAV – Income (CHF) | 59 | P-acc (JPY hedged) P-acc Q-acc P-acc | LU0042745397 LU1203193534 LU1240800885 LU0994951381 |
| UBS (Lux) Strategy SICAV – Income (EUR) | 67 | P-dist Q-acc Q-dist K-1-acc | LU0994669108 LU1240800968 LU1240801008 LU1097600727 |
| UBS (Lux) Strategy SICAV – Income (USD) | 75 | P-acc P-dist Q-acc Q-dist K-1-acc | LU0994951464 LU0994669793 LU1240801263 LU1240801347 LU1097765488 |
| UBS (Lux) Strategy SICAV |  | P-acc (JPY hedged) P-acc P-dist Q-acc Q-dist | LU0994951548 LU1411405076 LU0994670023 LU1240801693 LU1240801776 |
| – Systematic Allocation Portfolio Defensive (USD) | 83 | K-1-acc (CHF hedged) K-1-acc (EUR hedged) K-1-acc (EUR hedged) K-X-acc P-4%-mdist (HKD) P-4%-mdist P-acc (CHF hedged) P-acc (EUR hedged) P-acc (GBP hedged) P-acc (SGD hedged) P-acc (SGD hedged) P-mdist Q-4%-mdist Q-acc (CHF hedged) Q-acc (EUR hedged) Q-acc (GBP hedged) Q-acc (SEK hedged) Q-acc (SGD hedged) Q-mdist | LU1622990858 LU1622991070 LU1622990932 LU1675059452 LU1599185995 LU1647379343 LU1599185649 LU1599186027 LU1599186530 LU1616912249 LU1599186704 LU1637863462 LU1891428200 LU1599185722 LU1599186373 LU1599186613 LU1616912322 LU1599186886 LU2038507948 |

| UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Defensive Classic (USD) | 100 | P-acc | LU1821947436 |
| --- | --- | --- | --- |
| UBS (Lux) Strategy SICAV |  | (EUR hedged) P-acc | LU1821947519 |
| – Systematic Allocation Portfolio Dynamic (USD) UBS (Lux) Strategy SICAV | 102 | K-1-acc (EUR hedged) K-1-acc K-X-acc P-4%-mdist P-acc (CHF hedged) P-acc (EUR hedged) P-acc (GBP hedged) P-acc (SGD hedged) P-acc Q-4%-mdist Q-acc (CHF hedged) Q-acc (EUR hedged) Q-acc (GBP hedged) Q-acc (SEK hedged) Q-acc | LU1622991310 LU1622991401 LU1807254237 LU1599188155 LU1599187934 LU1599188239 LU1599188403 LU1616912678 LU1599188668 LU1898250995 LU1599188072 LU1599188312 LU1599188585 LU1616912751 LU1599188825 |
| – Systematic Allocation Portfolio Medium (USD) UBS (Lux) Strategy SICAV | 124 | K-1-4%-mdist (EUR hedged) K-1-4%-mdist K-1-acc (CHF hedged) K-1-acc (EUR hedged) K-1-acc P-4%-mdist (HKD) P-4%-mdist P-acc (HKD) P-acc (AUD hedged) P-acc (CAD hedged) P-acc (CHF hedged) P-acc (EUR hedged) P-acc (GBP hedged) P-acc (SGD hedged) P-acc Q-4%-mdist (HKD) Q-4%-mdist Q-acc (HKD) Q-acc (CAD hedged) Q-acc (CHF hedged) Q-acc (EUR hedged) Q-acc (GBP hedged) Q-acc (SEK hedged) Q-acc (SGD hedged) Q-acc | LU1717044132 LU1629324036 LU1616912835 LU1622991237 LU1622991153 LU1599187181 LU1647379426 LU1599186969 LU1603467017 LU1603467363 LU1603467108 LU1599187264 LU1599187421 LU1611257418 LU1599187777 LU1895574181 LU1891428119 LU1599187009 LU1891428465 LU1891428895 LU1599187348 LU1599187694 LU1616912595 LU1599187850 LU1891428036 |
| – Systematic Allocation Portfolio Medium Classic (USD) UBS (Lux) Strategy SICAV – Xtra Balanced (EUR) | 146 153 | (EUR hedged) K-1-acc P-acc (CHF hedged) P-acc (EUR hedged) P-acc (CHF hedged) Q-acc (EUR hedged) Q-acc P-acc | LU1981796631 LU1821947865 LU1821948087 LU1821947949 LU1821948160 LU1959317717 LU1161073173 |
| UBS (Lux) Strategy SICAV – Xtra Yield (EUR) | 160 | P-dist Q-acc P-acc | LU1161073256 LU1240801859 LU1059709862 |
|  |  | P-dist Q-acc Q-dist | LU1060236970 LU1240802071 LU1240802154 |
| Notes to the Financial Statements | 167 |  |  |
| Unaudited Information | 180 |  |  |
| Sales restrictions |  |  |  |
| Shares of this Company may not be offered, sold or |  |  |  |
| distributed within the United States of America. |  |  |  |


## Internet address
www.ubs.com/funds

Translation (ENDE, 2020-05-31):
# Jahresbericht und geprüfler Jahresabschluss per 31. Mai 2020
| Inhaltsverzeichnis | Seite |  | ISIN |
| --- | --- | --- | --- |
| Management und Verwaltung | 3 |  |  |
| Charakteristik der Gesellschaft | 5 |  |  |
| Prüfungsvermerk | 11 |  |  |
| UBS (Lux) Strategy SICAV | 14 |  |  |
| UBS (Lux) Strategy SICAV – Dynamic Income (USD) UBS (Lux) Strategy SICAV – Fixed Income (CHF) | 16 41 | K-1-acc K-1-mdist (HKD) K-1-mdist P-acc P-mdist (HKD) P-mdist (SGD hedged) P-mdist Q-acc (HKD) Q-acc Q-mdist (HKD) Q-mdist (SGD hedged) Q-mdist P-acc | LU1917361336 LU1917361419 LU1917362060 LU1917362490 LU1917361179 LU1917361765 LU1919997111 LU1917360957 LU1917361682 LU1917361252 LU1917361849 LU1919997202 LU0042743699 |
| UBS (Lux) Strategy SICAV – Fixed Income (EUR) | 47 | Q-acc P-acc | LU1240800612 LU0042744747 |
| UBS (Lux) Strategy SICAV – Fixed Income (USD) | 53 | Q-acc K-1-acc | LU0943062561 LU0937166048 |
| UBS (Lux) Strategy SICAV – Income (CHF) | 60 | P-acc (JPY hedged) P-acc Q-acc P-acc | LU0042745397 LU1203193534 LU1240800885 LU0994951381 |
| UBS (Lux) Strategy SICAV – Income (EUR) | 68 | P-dist Q-acc Q-dist K-1-acc | LU0994669108 LU1240800968 LU1240801008 LU1097600727 |
| UBS (Lux) Strategy SICAV – Income (USD) | 76 | P-acc P-dist Q-acc Q-dist K-1-acc | LU0994951464 LU0994669793 LU1240801263 LU1240801347 LU1097765488 |
| UBS (Lux) Strategy SICAV |  | P-acc (JPY hedged) P-acc P-dist Q-acc Q-dist | LU0994951548 LU1411405076 LU0994670023 LU1240801693 LU1240801776 |
| – Systematic Allocation Portfolio Defensive (USD) | 84 | K-1-acc (CHF hedged) K-1-acc (EUR hedged) K-1-acc (EUR hedged) K-X-acc P-4%-mdist (HKD) P-4%-mdist P-acc (CHF hedged) P-acc (EUR hedged) P-acc (GBP hedged) P-acc (SGD hedged) P-acc (SGD hedged) P-mdist Q-4%-mdist Q-acc (CHF hedged) Q-acc (EUR hedged) Q-acc (GBP hedged) Q-acc (SEK hedged) Q-acc (SGD hedged) Q-mdist | LU1622990858 LU1622991070 LU1622990932 LU1675059452 LU1599185995 LU1647379343 LU1599185649 LU1599186027 LU1599186530 LU1616912249 LU1599186704 LU1637863462 LU1891428200 LU1599185722 LU1599186373 LU1599186613 LU1616912322 LU1599186886 LU2038507948 |

| UBS (Lux) Strategy SICAV – Systematic Allocation Portfolio Defensive Classic (USD) | 101 | P-acc | LU1821947436 |
| --- | --- | --- | --- |
| UBS (Lux) Strategy SICAV |  | (EUR hedged) P-acc | LU1821947519 |
| – Systematic Allocation Portfolio Dynamic (USD) UBS (Lux) Strategy SICAV | 103 | K-1-acc (EUR hedged) K-1-acc K-X-acc P-4%-mdist P-acc (CHF hedged) P-acc (EUR hedged) P-acc (GBP hedged) P-acc (SGD hedged) P-acc Q-4%-mdist Q-acc (CHF hedged) Q-acc (EUR hedged) Q-acc (GBP hedged) Q-acc (SEK hedged) Q-acc | LU1622991310 LU1622991401 LU1807254237 LU1599188155 LU1599187934 LU1599188239 LU1599188403 LU1616912678 LU1599188668 LU1898250995 LU1599188072 LU1599188312 LU1599188585 LU1616912751 LU1599188825 |
| – Systematic Allocation Portfolio Medium (USD) UBS (Lux) Strategy SICAV | 125 | K-1-4%-mdist (EUR hedged) K-1-4%-mdist K-1-acc (CHF hedged) K-1-acc (EUR hedged) K-1-acc P-4%-mdist (HKD) P-4%-mdist P-acc (HKD) P-acc (AUD hedged) P-acc (CAD hedged) P-acc (CHF hedged) P-acc (EUR hedged) P-acc (GBP hedged) P-acc (SGD hedged) P-acc Q-4%-mdist (HKD) Q-4%-mdist Q-acc (HKD) Q-acc (CAD hedged) Q-acc (CHF hedged) Q-acc (EUR hedged) Q-acc (GBP hedged) Q-acc (SEK hedged) Q-acc (SGD hedged) Q-acc | LU1717044132 LU1629324036 LU1616912835 LU1622991237 LU1622991153 LU1599187181 LU1647379426 LU1599186969 LU1603467017 LU1603467363 LU1603467108 LU1599187264 LU1599187421 LU1611257418 LU1599187777 LU1895574181 LU1891428119 LU1599187009 LU1891428465 LU1891428895 LU1599187348 LU1599187694 LU1616912595 LU1599187850 LU1891428036 |
| – Systematic Allocation Portfolio Medium Classic (USD) UBS (Lux) Strategy SICAV – Xtra Balanced (EUR) UBS (Lux) Strategy SICAV – Xtra Yield (EUR) | 147 154 161 | (EUR hedged) K-1-acc P-acc (CHF hedged) P-acc (EUR hedged) P-acc (CHF hedged) Q-acc (EUR hedged) Q-acc P-acc P-dist Q-acc P-acc | LU1981796631 LU1821947865 LU1821948087 LU1821947949 LU1821948160 LU1959317717 LU1161073173 LU1161073256 LU1240801859 LU1059709862 |
|  |  | P-dist Q-acc Q-dist | LU1060236970 LU1240802071 LU1240802154 |
| Erläuterungen zum Jahresbericht (Anhang) | 168 |  |  |
| Ungeprüfte Informationen | 183 |  |  |
| Verkaufsrestriktionen |  |  |  |

Innerhalb der USA dürfen Aktien dieser Gesellschaft weder angeboten noch verkauft oder ausgeliefert werden.

## Internetadresse
www.ubs.com/funds