# UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD)
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 30.9.2019 | 30.9.2018 | 30.9.2017 |
| Net assets in USD |  | 57 425 010.94 | 87 150 059.39 | 148 135 783.47 |
| Class F-acc 1 | LU0425150785 |  |  |  |
| Shares outstanding |  | - | 20 800.0000 | 45 168.0000 |
| Net asset value per share in USD |  | - | 100.46 | 103.04 |
| Issue and redemption price per share in USD 2 |  | - | 100.32 | 102.72 |
| Class (GBP hedged) F-acc 3 | LU1346285296 |  |  |  |
| Shares outstanding |  | - | - | 38 903.3850 |
| Net asset value per share in GBP |  | - | - | 107.52 |
| Issue and redemption price per share in GBP 2 |  | - | - | 107.19 |
| Class I-A1-acc | LU0425151833 |  |  |  |
| Shares outstanding |  | 4 087.0000 | 4 562.0000 | 9 308.0000 |
| Net asset value per share in USD |  | 94.52 | 93.07 | 96.01 |
| Issue and redemption price per share in USD 2 |  | 94.52 | 92.94 | 95.71 |
| Class (EUR hedged) I-A2-acc | LU0920342325 |  |  |  |
| Shares outstanding |  | 74 639.4450 | 74 639.4450 | 96 219.8360 |
| Net asset value per share in EUR |  | 93.81 | 95.08 | 100.60 |
| Issue and redemption price per share in EUR 2 |  | 93.81 | 94.95 | 100.29 |
| Class I-B-acc | LU0425154183 |  |  |  |
| Shares outstanding |  | 117 032.7840 | 121 689.6200 | 134 137.6080 |
| Net asset value per share in USD |  | 128.74 | 125.39 | 127.96 |
| Issue and redemption price per share in USD 2 |  | 128.74 | 125.21 | 127.56 |
| Class (EUR hedged) I-B-acc 4 | LU0945635695 |  |  |  |
| Shares outstanding |  | - | 126 791.5270 | 139 208.7330 |
| Net asset value per share in EUR |  | - | 104.87 | 109.87 |
| Issue and redemption price per share in EUR 2 |  | - | 104.72 | 109.53 |
| Class I-X-acc | LU0425154852 |  |  |  |
| Shares outstanding |  | 11 013.3600 | 39 084.4970 | 65 048.4030 |
| Net asset value per share in USD |  | 128.03 | 124.62 | 127.10 |
| Issue and redemption price per share in USD 2 |  | 128.03 | 124.45 | 126.71 |
| Class (CHF hedged) I-X-acc | LU0943632256 |  |  |  |
| Shares outstanding |  | 183 781.4010 | 187 868.2040 | 289 453.5910 |
| Net asset value per share in CHF |  | 101.89 | 102.60 | 107.88 |
| Issue and redemption price per share in CHF 2 |  | 101.89 | 102.46 | 107.55 |
| Class (EUR hedged) I-X-acc | LU1191107694 |  |  |  |
| Shares outstanding |  | 48 721.1760 | 48 721.1770 | 47 052.1000 |
| Net asset value per share in EUR |  | 90.00 | 90.26 | 94.51 |
| Issue and redemption price per share in EUR 2 |  | 90.00 | 90.13 | 94.22 |
| Class (EUR hedged) N-4%-mdist | LU1240811577 |  |  |  |
| Shares outstanding |  | 3 144.9090 | 2 786.8140 | 5 984.0640 |
| Net asset value per share in EUR |  | 69.93 | 74.82 | 83.56 |
| Issue and redemption price per share in EUR 2 |  | 69.93 | 74.72 | 83.30 |
| Class (EUR hedged) N-acc | LU1089022138 |  |  |  |
| Shares outstanding |  | 4 799.4780 | 6 679.3020 | 12 237.2700 |
| Net asset value per share in EUR |  | 83.69 | 86.11 | 92.46 |
| Issue and redemption price per share in EUR 2 |  | 83.69 | 85.99 | 92.17 |
| Class (EUR hedged) P-4%-mdist | LU1240811494 |  |  |  |
| Shares outstanding |  | 6 818.9950 | 5 870.4390 | 8 064.4190 |
| Net asset value per share in EUR |  | 71.64 | 76.23 | 84.66 |
| Issue and redemption price per share in EUR 2 |  | 71.64 | 76.12 | 84.40 |
| Class P-acc | LU0218832805 |  |  |  |
| Shares outstanding |  | 52 426.4050 | 91 312.8740 | 184 954.9600 |
| Net asset value per share in USD |  | 118.02 | 117.15 | 121.83 |
| Issue and redemption price per share in USD 2 |  | 118.02 | 116.99 | 121.45 |
| Class (CHF hedged) P-acc | LU0849400626 |  |  |  |
| Shares outstanding |  | 2 140.0990 | 3 846.4610 | 6 530.3180 |
| Net asset value per share in CHF |  | 91.34 | 93.81 | 100.58 |
| Issue and redemption price per share in CHF 2 |  | 91.34 | 93.68 | 100.27 |
| Class (EUR hedged) P-acc | LU0849401350 |  |  |  |
| Shares outstanding |  | 14 138.0130 | 28 167.4550 | 40 224.8910 |
| Net asset value per share in EUR |  | 94.27 | 96.43 | 102.96 |
| Issue and redemption price per share in EUR 2 |  | 94.27 | 96.29 | 102.64 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Annual Report as of 30 September 2019
|  | ISIN | 30.9.2019 | 30.9.2018 | 30.9.2017 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class Q-acc 5 | LU1240792256 |  |  |  |
| Shares outstanding |  | - | 181.8080 | 2 463.5860 |
| Net asset value per share in USD |  | - | 98.71 | 101.93 |
| Issue and redemption price per share in USD 2 |  | - | 98.57 | 101.61 |
| Class (EUR hedged) Q-acc | LU1121267162 |  |  |  |
| Shares outstanding |  | 3 342.9160 | 2 965.6790 | 119 626.9430 |
| Net asset value per share in EUR |  | 88.21 | 89.59 | 94.73 |
| Issue and redemption price per share in EUR 2 |  | 88.21 | 89.46 | 94.44 |
| 1  The share class F-acc was in circulation until 1.10.2018 2  See note 1 3  For the period from 7.3.2016 to 9.10.2017 the share class (GBP hedged) F-acc was in circulation 4  The share class (EUR hedged) I-B-acc was in circulation until 8.4.2019 5  The share class Q-acc was in circulation until 12.10.2018 |  |  |  |  |
| Performance |  |  |  |  |
|  | Currency | 2018/2019 | 2017/2018 | 2016/2017 |
| Class F-acc 1 | USD | - | -2.3% | 5.5% |
| Class (GBP hedged) F-acc 2 | GBP | - | - | 4.5% |
| Class I-A1-acc | USD | 1.6% | -3.1% | 5.2% |
| Class (EUR hedged) I-A2-acc | EUR | -1.3% | -5.5% | 3.5% |
| Class I-B-acc | USD | 2.7% | -2.0% | 6.4% |
| Class (EUR hedged) I-B-acc 3 | EUR | - | -4.6% | 4.5% |
| Class I-X-acc | USD | 2.7% | -2.0% | 6.4% |
| Class (CHF hedged) I-X-acc | CHF | -0.7% | -4.9% | 4.1% |
| Class (EUR hedged) I-X-acc | EUR | -0.3% | -4.5% | 4.6% |
| Class (EUR hedged) N-4%-mdist | EUR | -2.7% | -6.7% | 1.7% |
| Class (EUR hedged) N-acc | EUR | -2.7% | -6.7% | 1.7% |
| Class (EUR hedged) P-4%-mdist | EUR | -2.1% | -6.2% | 2.3% |
| Class P-acc | USD | 0.9% | -3.7% | 4.0% |
| Class (CHF hedged) P-acc | CHF | -2.5% | -6.6% | 1.8% |
| Class (EUR hedged) P-acc | EUR | -2.1% | -6.2% | 2.3% |
| Class Q-acc 4 | USD | - | -3.0% | 4.8% |
| Class (EUR hedged) Q-acc | EUR | -1.4% | -5.3% | 3.0% |

1 
The share class F-acc was in circulation until 1.10.2018. Due to this fact, there is no data for the calculation of the performance available.
2 
For the period from 7.3.2016 to 9.10.2017 the share class (GBP hedged) F-acc was in circulation. Due to this fact, there is no data for the calculation of the performance available.
3 
The share class (EUR hedged) I-B-acc was in circulation until 8.4.2019. Due to this fact, there is no data for the calculation of the performance available.
4 
The share class Q-acc was in circulation until 12.10.2018. Due to this fact, there is no data for the calculation of the performance available.
Historical performance is no indicator of current or future performance.
The performance data does not take account of any commissions and costs charged when subscribing and redeeming shares. The performance data were not audited.
The subfund has no benchmark.
UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Annual Report as of 30 September 2019

## Report of the Portfolio Manager
The  financial  year,  from  1  October  2018  to
30 September 2019, was characterized by slowing global economic growth across the major economies. The fourth quarter of 2018 saw a sell-off in risky asset classes amidst weaker economic fundamentals and lower inflation numbers. A move to more accommodative cen- tral bank policies led by the US Federal Reserve fueled a rebound in asset prices in the first quarter. International trade tensions and the uncertainty regarding monetary policies were among the main reasons for higher volatil- ity and a lack of market trend. The performance of global equities was only slightly up taking into account Q4 2018. The equity holding in the fund was increased at the beginning of the financial year and was subsequently lowered during the summer.
The subfund’s performance was positive in the financial year for USD share classes and negative for CHF hedged and EUR hedged. A core holding in corporate bonds provided steady returns while a positioning long the Mexican Peso vs. short the USD was among the profit- able currency trades. Hedging the USD strategy into CHF and EUR share classes created a drag on performance due to the interest rate differentials.
UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Annual Report as of 30 September 2019

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
United States	64.57
| United Kingdom | 5.37 |
| --- | --- |
| Luxembourg | 4.93 |
| Ireland | 4.92 |
| France | 3.12 |
| The Netherlands | 2.80 |
| Australia | 2.04 |
| Spain | 1.63 |
| Mexico | 0.94 |
| Canada | 0.92 |
| Italy | 0.78 |
| Germany | 0.64 |
| Denmark | 0.44 |
| Belgium | 0.41 |
| Singapore | 0.35 |
| Jersey | 0.33 |
| Japan | 0.24 |
| Romania | 0.21 |
| Poland | 0.20 |
| Switzerland | 0.20 |
| Sweden | 0.20 |
| Portugal | 0.20 |
| Czech Republic | 0.20 |
| Finland | 0.20 |
| New Zealand | 0.15 |
| Cayman Islands | 0.06 |
| Curacao | 0.03 |
| Total | 96.08 |

Economic Breakdown as a % of net assets	
Countries & central governments	47.22
| Banks & credit institutions | 9.67 |
| --- | --- |
| Finance & holding companies | 9.12 |
| Investment funds | 9.00 |
| Energy & water supply | 3.16 |
| Insurance | 3.06 |
| Petroleum | 2.43 |
| Telecommunications | 2.33 |
| Real Estate | 1.43 |
| Traffic & transportation | 1.11 |
| Electrical devices & components | 0.87 |
| Pharmaceuticals, cosmetics & medical products | 0.85 |
| Tobacco & alcohol | 0.67 |
| Mortgage & funding institutions | 0.57 |
| Retail trade, department stores | 0.50 |
| Internet, software & IT services | 0.46 |
| Graphic design, publishing & media | 0.43 |
| Miscellaneous services | 0.41 |
| Chemicals | 0.32 |
| Food & soft drinks | 0.31 |
| Miscellaneous unclassified companies | 0.30 |
| Biotechnology | 0.29 |
| Rubber & tyres | 0.25 |
| Building industry & materials | 0.20 |
| Healthcare & social services | 0.19 |
| Computer hardware & network equipment providers | 0.16 |
| Aerospace industry | 0.16 |
| Vehicles | 0.13 |
| Precious metals & stones | 0.11 |
| Mechanical engineering & industrial equipment | 0.11 |
| Miscellaneous consumer goods | 0.10 |
| Mining, coal & steel | 0.09 |
| Agriculture & fishery | 0.07 |
| Total | 96.08 |


## Statement of Net Assets
Assets	30.9.2019
USD
Investments in securities, cost	54 352 133.27
| Investments in securities, unrealized appreciation (depreciation) | 	822 371.00	 |
| --- | --- |
| Total investments in securities (Note 1) | 55 174 504.27 |
| Cash at banks, deposits on demand and deposit accounts | 2 775 375.68 |
| Other liquid assets (Margins) | 223 773.73 |
| Receivable on securities sales (Note 1) | 106 862.25 |
| Interest receivable on securities | 228 147.26 |
| Interest receivable on liquid assets | 136.26 |
| Other receivables | 20 080.75 |
| Unrealized gain (loss) on financial futures (Note 1) | 279 492.84 |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | -139 896.54 |
| Unrealized gain (loss) on swaps (Note 1) | -226 856.05 |
| Total Assets | 58 441 620.45 |
|  |  |
| Liabilities |  |
| Bank overdraft | -873 001.11 |
| Payable on securities purchases (Note 1) | -101 431.67 |
| Payable on redemptions | -16 485.08 |
| Provisions for flat fee (Note 2) | -11 509.25 |
| Provisions for taxe d’abonnement (Note 3) | -2 271.85 |
| Provisions for other commissions and fees (Note 2) | 	-11 910.55	 |
| Total provisions | -25 691.65 |
| Total Liabilities | -1 016 609.51 |
|  |  |
| Net assets at the end of the financial year | 57 425 010.94 |
| Statement of Operations | USD |
| Income | 1.10.2018-30.9.2019 |
| Interest on liquid assets | 48 349.72 |
| Interest on securities | 1 109 345.96 |
| Dividends (Note 1) | 174 213.10 |
| Interest received on swaps (Note 1) | 170 441.57 |
| Income on securities lending (Note 16) | 52 495.55 |
| Other income (Note 4) | 59 008.38 |
| Total income | 1 613 854.28 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -257 820.90 |
| Flat fee (Note 2) | -334 867.83 |
| Taxe d’abonnement (Note 3) | -11 206.61 |
| Cost on securities lending (Note 16) | -20 998.22 |
| Other commissions and fees (Note 2) | -13 619.01 |
| Interest on cash and bank overdraft | -10 701.77 |
| Total expenses | -649 214.34 |
|  |  |
| Net income (loss) on investments | 964 639.94 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 80 909.00 |
| Realized gain (loss) on options | -4 944.60 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | 746 793.09 |
| Realized gain (loss) on financial futures | -1 839 821.09 |
| Realized gain (loss) on forward foreign exchange contracts | -3 009 442.30 |
| Realized gain (loss) on swaps | -389 471.58 |
| Realized gain (loss) on foreign exchange | 280 359.69 |
| Total realized gain (loss) | -4 135 617.79 |
|  |  |
| Net realized gain (loss) of the financial year | -3 170 977.85 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 1 237 167.99 |
| Unrealized appreciation (depreciation) on options | -13 232.22 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | -66 338.23 |
| Unrealized appreciation (depreciation) on financial futures | -556 444.25 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | 514 400.79 |
| Unrealized appreciation (depreciation) on swaps | 188 705.47 |
| Total changes in unrealized appreciation (depreciation) | 1 304 259.55 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | -1 866 718.30 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Annual Report as of 30 September 2019
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.10.2018-30.9.2019 |
| Net assets at the beginning of the financial year | 87 150 059.39 |
| Subscriptions | 10 188 735.73 |
| Redemptions | 	-38 015 651.02	 |
| Total net subscriptions (redemptions) | -27 826 915.29 |
| Dividend paid | -31 414.86 |
| Net income (loss) on investments | 964 639.94 |
| Total realized gain (loss) | -4 135 617.79 |
| Total changes in unrealized appreciation (depreciation) | 	1 304 259.55	 |
| Net increase (decrease) in net assets as a result of operations | -1 866 718.30 |
| Net assets at the end of the financial year | 57 425 010.94 |
| Changes in the Number of Shares outstanding |  |
|  | 1.10.2018-30.9.2019 |
| Class | F-acc |
| Number of shares outstanding at the beginning of the financial year | 20 800.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -20 800.0000 |
| Number of shares outstanding at the end of the financial year | 0.0000 |
| Class | I-A1-acc |
| Number of shares outstanding at the beginning of the financial year | 4 562.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -475.0000 |
| Number of shares outstanding at the end of the financial year | 4 087.0000 |
| Class | (EUR hedged) I-A2-acc |
| Number of shares outstanding at the beginning of the financial year | 74 639.4450 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the financial year | 74 639.4450 |
| Class | I-B-acc |
| Number of shares outstanding at the beginning of the financial year | 121 689.6200 |
| Number of shares issued | 20 763.8340 |
| Number of shares redeemed | -25 420.6700 |
| Number of shares outstanding at the end of the financial year | 117 032.7840 |
| Class | (EUR hedged) I-B-acc |
| Number of shares outstanding at the beginning of the financial year | 126 791.5270 |
| Number of shares issued | 2 959.5760 |
| Number of shares redeemed | -129 751.1030 |
| Number of shares outstanding at the end of the financial year | 0.0000 |
| Class | I-X-acc |
| Number of shares outstanding at the beginning of the financial year | 39 084.4970 |
| Number of shares issued | 71.6750 |
| Number of shares redeemed | -28 142.8120 |
| Number of shares outstanding at the end of the financial year | 11 013.3600 |
| Class | (CHF hedged) I-X-acc |
| Number of shares outstanding at the beginning of the financial year | 187 868.2040 |
| Number of shares issued | 64 757.5980 |
| Number of shares redeemed | -68 844.4010 |
| Number of shares outstanding at the end of the financial year | 183 781.4010 |
| Class | (EUR hedged) I-X-acc |
| Number of shares outstanding at the beginning of the financial year | 48 721.1770 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -0.0010 |
| Number of shares outstanding at the end of the financial year | 48 721.1760 |
| Class | (EUR hedged) N-4%-mdist |
| Number of shares outstanding at the beginning of the financial year | 2 786.8140 |
| Number of shares issued | 1 127.2460 |
| Number of shares redeemed | -769.1510 |
| Number of shares outstanding at the end of the financial year | 3 144.9090 |
| Class | (EUR hedged) N-acc |
| Number of shares outstanding at the beginning of the financial year | 6 679.3020 |
| Number of shares issued | 177.4260 |
| Number of shares redeemed | -2 057.2500 |
| Number of shares outstanding at the end of the financial year | 4 799.4780 |
| Class | (EUR hedged) P-4%-mdist |
| Number of shares outstanding at the beginning of the financial year | 5 870.4390 |
| Number of shares issued | 2 600.8550 |
| Number of shares redeemed | -1 652.2990 |
| Number of shares outstanding at the end of the financial year | 6 818.9950 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the financial year | 91 312.8740 |
| Number of shares issued | 296.1690 |
| Number of shares redeemed | -39 182.6380 |
| Number of shares outstanding at the end of the financial year | 52 426.4050 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Annual Report as of 30 September 2019
| Class | (CHF hedged) P-acc |
| --- | --- |
| Number of shares outstanding at the beginning of the financial year | 3 846.4610 |
| Number of shares issued | 939.8010 |
| Number of shares redeemed | -2 646.1630 |
| Number of shares outstanding at the end of the financial year | 2 140.0990 |
| Class | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the financial year | 28 167.4550 |
| Number of shares issued | 886.4970 |
| Number of shares redeemed | -14 915.9390 |
| Number of shares outstanding at the end of the financial year | 14 138.0130 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the financial year | 181.8080 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -181.8080 |
| Number of shares outstanding at the end of the financial year | 0.0000 |
| Class | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year | 2 965.6790 |
| Number of shares issued | 1 167.0350 |
| Number of shares redeemed | -789.7980 |
| Number of shares outstanding at the end of the financial year | 3 342.9160 |

| Monthly Distribution 1 |  |
| --- | --- |
| UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| (EUR hedged) N-4%-mdist | 10.10.2018 | 15.10.2018 | EUR | 0.24 |
| (EUR hedged) N-4%-mdist | 12.11.2018 | 15.11.2018 | EUR | 0.24 |
| (EUR hedged) N-4%-mdist | 10.12.2018 | 13.12.2018 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 10.1.2019 | 15.1.2019 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 11.2.2019 | 14.2.2019 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 11.3.2019 | 14.3.2019 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 10.4.2019 | 15.4.2019 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 10.5.2019 | 15.5.2019 | EUR | 0.24 |
| (EUR hedged) N-4%-mdist | 11.6.2019 | 14.6.2019 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 10.7.2019 | 15.7.2019 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 12.8.2019 | 16.8.2019 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 10.9.2019 | 13.9.2019 | EUR | 0.23 |
| (EUR hedged) P-4%-mdist | 10.10.2018 | 15.10.2018 | EUR | 0.25 |
| (EUR hedged) P-4%-mdist | 12.11.2018 | 15.11.2018 | EUR | 0.24 |
| (EUR hedged) P-4%-mdist | 10.12.2018 | 13.12.2018 | EUR | 0.24 |
| (EUR hedged) P-4%-mdist | 10.1.2019 | 15.1.2019 | EUR | 0.24 |
| (EUR hedged) P-4%-mdist | 11.2.2019 | 14.2.2019 | EUR | 0.24 |
| (EUR hedged) P-4%-mdist | 11.3.2019 | 14.3.2019 | EUR | 0.24 |
| (EUR hedged) P-4%-mdist | 10.4.2019 | 15.4.2019 | EUR | 0.24 |
| (EUR hedged) P-4%-mdist | 10.5.2019 | 15.5.2019 | EUR | 0.24 |
| (EUR hedged) P-4%-mdist | 11.6.2019 | 14.6.2019 | EUR | 0.23 |
| (EUR hedged) P-4%-mdist | 10.7.2019 | 15.7.2019 | EUR | 0.24 |
| (EUR hedged) P-4%-mdist | 12.8.2019 | 16.8.2019 | EUR | 0.24 |
| (EUR hedged) P-4%-mdist | 10.9.2019 | 13.9.2019 | EUR | 0.23 |
| 1  See note 6 |  |  |  |  |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Annual Report as of 30 September 2019

## Statement of Investments in Securities and other Net Assets as of 30 September 2019
| 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 |  |  |  |
| EUR |  |  |  |
| EUR	DREAM GLOBAL FUNDING 1 SARL-REG-S 1.37500% 17-21.12.21 | 100 000.00 | 111 093.78 | 0.19 |
| Total EUR |  | 111 093.78 | 0.19 |
| USD |  |  |  |
| USD	ABBOTT LABORATORIES 4.90000% 16-30.11.46 | 60 000.00 | 77 402.39 | 0.13 |
| USD	ABBVIE INC 4.25000% 18-14.11.28 | 50 000.00 | 54 251.86 | 0.09 |
| USD	ABBVIE INC 4.87500% 18-14.11.48 | 35 000.00 | 38 613.27 | 0.07 |
| USD	ALBEMARLE CORPORATION 5.45000% 14-01.12.44 | 50 000.00 | 56 748.38 | 0.10 |
| USD	ALLERGAN FUNDING SCS 3.45000% 15-15.03.22 | 40 000.00 | 40 991.24 | 0.07 |
| USD	ALLERGAN FUNDING SCS 4.75000% 15-15.03.45 | 12 000.00 | 12 713.75 | 0.02 |
| USD	ALPHABET INC 1.99800% 16-15.08.26 | 75 000.00 | 75 213.40 | 0.13 |
| USD	ALTRIA GROUP INC 4.40000% 19-14.02.26 | 35 000.00 | 37 427.20 | 0.07 |
| USD	ALTRIA GROUP INC 4.80000% 19-14.02.29 | 15 000.00 | 16 431.43 | 0.03 |
| USD	ALTRIA GROUP INC 5.95000% 19-14.02.49 | 30 000.00 | 35 278.61 | 0.06 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 75 000.00 | 77 878.17 | 0.14 |
| USD	AMGEN INC 4.40000% 15-01.05.45 | 25 000.00 | 28 252.11 | 0.05 |
| USD	ANHEUSER-BUSCH COS 3.65000% 19-01.02.26 | 45 000.00 | 48 208.33 | 0.08 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.15000% 19-23.01.25 | 25 000.00 | 27 304.91 | 0.05 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.75000% 19-23.01.29 | 30 000.00 | 34 867.83 | 0.06 |
| USD	ANTHEM INC 3.65000% 17-01.12.27 | 25 000.00 | 26 269.70 | 0.05 |
| USD	APPLE INC 3.85000% 16-04.08.46 | 80 000.00 | 90 181.11 | 0.16 |
| USD	APT PIPELINES LTD-REG-S 4.20000% 15-23.03.25 | 20 000.00 | 21 182.00 | 0.04 |
| USD	APT PIPELINES LTD-REG-S 4.25000% 17-15.07.27 | 25 000.00 | 26 697.25 | 0.05 |
| USD	AT&T INC 4.35000% 19-01.03.29 | 100 000.00 | 110 448.85 | 0.19 |
| USD	AT&T INC 4.75000% 15-15.05.46 | 85 000.00 | 94 262.12 | 0.16 |
| USD	AT&T INC 5.55000% 11-15.08.41 | 60 000.00 | 71 722.48 | 0.12 |
| USD	BAT CAPITAL CORP 3.55700% 18-15.08.27 | 40 000.00 | 40 291.17 | 0.07 |
| USD	CANADIAN NATURAL RESOURCES LTD 2.95000% 17-15.01.23 | 35 000.00 | 35 613.10 | 0.06 |
| USD	CANADIAN NATURAL RESOURCES LTD 3.85000% 17-01.06.27 | 50 000.00 | 52 635.15 | 0.09 |
| USD	CAPITAL ONE FINANCIAL CORP 3.90000% 19-29.01.24 | 65 000.00 | 68 672.68 | 0.12 |
| USD	CCO LLC/CAPITAL 4.50000% 18-01.02.24 | 60 000.00 | 64 459.40 | 0.11 |
| USD	CELGENE CORP 3.87500% 15-15.08.25 | 70 000.00 | 75 557.97 | 0.13 |
| USD	CENOVUS ENERGY INC 4.25000% 17-15.04.27 | 40 000.00 | 41 587.24 | 0.07 |
| USD	CF INDUSTRIES INC 5.15000% 14-15.03.34 | 40 000.00 | 41 838.00 | 0.07 |
| USD	CIGNA CORP 3.40000% 19-17.09.21 | 45 000.00 | 46 010.95 | 0.08 |
| USD	CIGNA CORP 4.37500% 19-15.10.28 | 50 000.00 | 54 633.80 | 0.10 |
| USD	CIGNA CORP 4.90000% 19-15.12.48 | 20 000.00 | 22 881.52 | 0.04 |
| USD	CITIGROUP INC 4.65000% 18-23.07.48 | 105 000.00 | 128 500.00 | 0.22 |
| USD	COMCAST CORP 3.95000% 18-15.10.25 | 50 000.00 | 54 423.00 | 0.09 |
| USD	COMCAST CORP 4.15000% 18-15.10.28 | 30 000.00 | 33 651.78 | 0.06 |
| USD	COMCAST CORP 4.70000% 18-15.10.48 | 25 000.00 | 30 611.08 | 0.05 |
| USD	COMCAST CORP 4.95000% 18-15.10.58 | 25 000.00 | 31 773.91 | 0.06 |
| USD	CONAGRA BRANDS INC 3.80000% 18-22.10.21 | 20 000.00 | 20 641.12 | 0.04 |
| USD	CONAGRA BRANDS INC 5.40000% 18-01.11.48 | 30 000.00 | 35 590.37 | 0.06 |
| USD	CONAGRA INC 4.60000% 18-01.11.25 | 40 000.00 | 43 988.68 | 0.08 |
| USD	CVS HEALTH CORP 2.62500% 19-15.08.24 | 45 000.00 | 45 200.08 | 0.08 |
| USD	CVS HEALTH CORP 3.35000% 18-09.03.21 | 16 000.00 | 16 255.85 | 0.03 |
| USD	CVS HEALTH CORP 4.30000% 18-25.03.28 | 50 000.00 | 54 066.77 | 0.09 |
| USD	CVS HEALTH CORP 5.05000% 18-25.03.48 | 25 000.00 | 28 373.22 | 0.05 |
| USD	CVS HEALTH CORP 5.12500% 15-20.07.45 | 60 000.00 | 68 007.66 | 0.12 |
| USD	DISCOVERY COMMUNICATIONS LLC 5.30000% 19-15.05.49 | 55 000.00 | 60 777.76 | 0.11 |
| USD	DOMINION ENERGY INC 2.85000% 16-15.08.26 | 20 000.00 | 20 101.28 | 0.04 |
| USD	ENABLE MIDSTREAM PARTNERS LP 3.90000% 15-15.05.24 | 35 000.00 | 35 675.42 | 0.06 |
| USD	ENERGY TRANSFER OPERATING LP 4.50000% 19-15.04.24 | 35 000.00 | 37 307.93 | 0.07 |
| USD	ENERGY TRANSFER PARTNERS LP 6.05000% 11-01.06.41 | 60 000.00 | 68 596.92 | 0.12 |
| USD	EXELON CORP 3.40000% 16-15.04.26 | 25 000.00 | 26 131.19 | 0.05 |
| USD	FEDEX CORP 4.55000% 16-01.04.46 | 10 000.00 | 10 489.05 | 0.02 |
| USD	GE CAPITAL INTL FUNDING CO 4.41800% 16-15.11.35 | 200 000.00 | 209 303.74 | 0.36 |
| USD	GENERAL ELECTRIC CO 3.15000% 12-07.09.22 | 30 000.00 | 30 451.93 | 0.05 |
| USD	GILEAD SCIENCES INC 4.75000% 15-01.03.46 | 25 000.00 | 29 756.16 | 0.05 |
| USD	HCP INC 3.87500% 14-15.08.24 | 45 000.00 | 48 013.62 | 0.08 |
| USD	HSBC HOLDINGS PLC 5.10000% 11-05.04.21 | 95 000.00 | 99 038.76 | 0.17 |
| USD	HUMANA INC 3.12500% 19-15.08.29 | 60 000.00 | 59 944.04 | 0.10 |
| USD	ILLINOIS TOOL WORKS INC 2.65000% 16-15.11.26 | 60 000.00 | 62 074.91 | 0.11 |
| USD	JPMORGAN CHASE & CO 3.20000% 13-25.01.23 | 380 000.00 | 392 440.59 | 0.68 |
| USD	KINDER MORGAN INC 3.15000% 17-15.01.23 | 45 000.00 | 46 062.23 | 0.08 |
| USD	KRAFT HEINZ FOODS CO 5.00000% 13-04.06.42 | 50 000.00 | 51 548.88 | 0.09 |
| USD	KROGER CO 3.87500% 16-15.10.46 | 10 000.00 | 9 539.35 | 0.02 |
| USD	LINCOLN NATIONAL CORP 3.80000% 18-01.03.28 | 80 000.00 | 84 585.19 | 0.15 |
| USD	LOWE’S COS INC 4.25000% 14-15.09.44 | 45 000.00 | 48 382.42 | 0.08 |
| USD	MARATHON OIL CORP 3.85000% 15-01.06.25 | 40 000.00 | 41 588.82 | 0.07 |
| USD	MEXICHEM SAB DE CV-REG-S 5.50000% 17-15.01.48 | 200 000.00 | 201 500.00 | 0.35 |
| USD	MICROSOFT CORP 3.70000% 16-08.08.46 | 60 000.00 | 68 287.46 | 0.12 |
| USD	MORGAN STANLEY 2.50000% 16-21.04.21 | 140 000.00 | 140 938.68 | 0.25 |
| USD	MPLX LP 5.20000% 17-01.03.47 | 40 000.00 | 44 425.88 | 0.08 |
| USD	NEXEN INC 6.40000% 07-15.05.37 | 45 000.00 | 63 520.31 | 0.11 |
| USD	OCCIDENTAL PETROLEUM CORP 3.50000% 19-15.08.29 | 45 000.00 | 45 639.02 | 0.08 |
| USD	PHILIP MORRIS INTERNATIONAL INC 4.25000% 14-10.11.44 | 25 000.00 | 27 340.75 | 0.05 |
| USD	QUALCOMM INC 4.30000% 17-20.05.47 | 30 000.00 | 33 536.03 | 0.06 |
| USD	REYNOLDS AMERICAN INC 5.70000% 15-15.08.35 | 15 000.00 | 16 742.46 | 0.03 |
| USD	ROYAL BANK OF SCOTLAND GROUP PLC-SUB 6.10000% 13-10.06.23 | 65 000.00 | 70 812.36 | 0.12 |
| USD	SCENTRE GROUP TRUST 1 /2-REG-S 2.37500% 15-28.04.21 | 55 000.00 | 54 887.25 | 0.10 |
| USD	SEMPRA ENERGY 6.00000% 09-15.10.39 | 40 000.00 | 51 360.01 | 0.09 |
| USD	SGSP AUSTRALIA ASSETS PTY LTD-REG-S 3.25000% 16-29.07.26 | 200 000.00 | 206 204.56 | 0.36 |
| USD	SOUTHERN CO 3.25000% 16-01.07.26 | 50 000.00 | 51 563.40 | 0.09 |
| USD	SOUTHERN CO 4.40000% 16-01.07.46 | 15 000.00 | 16 713.24 | 0.03 |
| USD	SUMITOMO MITSUI FIN GP INC 2.93400% 16-09.03.21 | 30 000.00 | 30 235.80 | 0.05 |
| USD	SUMITOMO MITSUI FIN GP INC-SUB 3.20200% 19-17.09.29 | 70 000.00 | 70 553.00 | 0.12 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Annual Report as of 30 September 2019
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | SUNTRUST BANKS INC 2.70000% 16-27.01.22 | 70 000.00 | 70 781.68 | 0.12 |
| USD | TELEFONICA EMISIONES SA 5.52000% 19-01.03.49 | 260 000.00 | 316 526.86 | 0.55 |
| USD | TELSTRA CORP LTD-REG-S 4.80000% 11-12.10.21 | 40 000.00 | 41 902.00 | 0.07 |
| USD | TEVA PHARMACEUTICAL FINANCE NL III BV 2.80000% 16-21.07.23 | 35 000.00 | 28 150.94 | 0.05 |
| USD | TIME WARNER CABLE LLC 5.00000% 09-01.02.20 | 65 000.00 | 65 525.45 | 0.11 |
| USD | UNION PACIFIC CORP 4.05000% 15-15.11.45 | 20 000.00 | 21 992.05 | 0.04 |
| USD | UNITED TECHNOLOGIES CORP 4.62500% 18-16.11.48 | 20 000.00 | 24 970.25 | 0.04 |
| USD | UNITED TECHNOLOGIES CORP 3.35000% 18-16.08.21 | 20 000.00 | 20 516.51 | 0.04 |
| USD | UNITED TECHNOLOGIES CORP 3.95000% 18-16.08.25 | 40 000.00 | 43 822.16 | 0.08 |
| USD | VALERO ENERGY CORP 4.90000% 15-15.03.45 | 50 000.00 | 55 831.72 | 0.10 |
| USD | VERIZON COMMUNICATIONS INC 3.37600% 18-15.02.25 | 26 000.00 | 27 426.54 | 0.05 |
| USD | VERIZON COMMUNICATIONS INC 3.87500% 19-08.02.29 | 25 000.00 | 27 434.12 | 0.05 |
| USD | VMWARE INC 3.90000% 17-21.08.27 | 50 000.00 | 51 423.81 | 0.09 |
| USD | VODAFONE GROUP PLC 4.37500% 13-19.02.43 | 15 000.00 | 15 495.68 | 0.03 |
| USD | WELLS FARGO & CO 2.10000% 16-26.07.21 | 65 000.00 | 64 934.44 | 0.11 |
| USD | WELLS FARGO & CO 3.06900% 17-24.01.23 | 80 000.00 | 81 467.60 | 0.14 |
| USD | WESTPAC BANKING CORP 2.80000% 17-11.01.22 | 25 000.00 | 25 393.25 | 0.04 |
| USD | WILLIAMS COMPANIES INC 4.55000% 14-24.06.24 | 25 000.00 | 26 907.65 | 0.05 |
| USD | WILLIAMS COS INC/THE 4.30000% 14-04.03.24 | 55 000.00 | 58 461.30 | 0.10 |
| USD | WILLIAMS COS INC/THE 4.90000% 14-15.01.45 | 20 000.00 | 21 135.66 | 0.04 |
| USD | WPP FINANCE 2010 3.75000% 14-19.09.24 | 30 000.00 | 31 177.12 | 0.05 |
| USD | XLIT LTD 5.25000% 13-15.12.43 | 25 000.00 | 32 590.20 | 0.06 |
| Total USD |  |  | 6 057 548.28 | 10.55 |
| Total Notes, fixed rate |  | 6 168 642.06 | 10.74 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	BHP BILLITON FINANCE USA-REG-S-SUB 6.750%/VAR 15-19.10.75 | 200 000.00 | 233 278.00 | 0.41 |
| USD	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.625%/VAR 14-PRP | 185 000.00 | 191 937.50 | 0.33 |
| USD	ROYAL BK OF SCOTLAND GP PLC 4.519%/VAR 18-25.06.24 | 200 000.00 | 210 326.88 | 0.37 |
| Total USD |  | 635 542.38 | 1.11 |
| Total Notes, floating rate |  | 635 542.38 | 1.11 |
| Medium term notes, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	AURIZON NETWORK PTY LTD-REG-S 4.00000% 17-21.06.24 | 30 000.00 | 21 718.44 | 0.04 |
| AUD	BANCO SANTANDER SA 4.00000% 17-19.01.23 | 200 000.00 | 141 570.01 | 0.24 |
| Total AUD |  | 163 288.45 | 0.28 |
| EUR |  |  |  |
| EUR	A.P. MOELLER-MAERSK-REG-S 1.75000% 18-16.03.26 | 105 000.00 | 118 695.67 | 0.21 |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 2.37500% 19-27.09.27 | 100 000.00 | 118 976.14 | 0.21 |
| EUR	AKELIUS RESIDENTIAL PROPERTY AB-REG-S 1.75000% 17-07.02.25 | 100 000.00 | 114 832.95 | 0.20 |
| EUR	AUSGRID FINANCE PTY LTD-REG-S 1.25000% 18-30.07.25 | 125 000.00 | 142 898.08 | 0.25 |
| EUR	BANCO SANTANDER SA-REG-S-SUB 3.25000% 16-04.04.26 | 100 000.00 | 124 853.46 | 0.22 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S-SUB 3.00000% 15-11.09.25 | 100 000.00 | 124 552.73 | 0.22 |
| EUR	BAT INTERNATIONAL FINANCE PLC-REG-S 0.87500% 15-13.10.23 | 100 000.00 | 110 372.72 | 0.19 |
| EUR	BNP PARIBAS-REG-S 1.25000% 18-19.03.25 | 100 000.00 | 114 631.70 | 0.20 |
| EUR	BNP PARIBAS-REG-S 1.00000% 18-17.04.24 | 100 000.00 | 113 078.60 | 0.20 |
| EUR	BPCE SA-REG-S 1.37500% 18-23.03.26 | 100 000.00 | 116 159.29 | 0.20 |
| EUR	CANAL DE ISABEL II GESTION SA-REG-S 1.68000% 15-26.02.25 | 100 000.00 | 115 484.85 | 0.20 |
| EUR	CREDIT AGRICOLE SA LONDON-REG-S 1.37500% 18-13.03.25 | 100 000.00 | 115 435.83 | 0.20 |
| EUR	DANSKE BANK AS-REG-S 1.37500% 19-24.05.22 | 100 000.00 | 112 304.56 | 0.19 |
| EUR	DEUTSCHE BANK AG-REG-S 1.12500% 18-30.08.23 | 40 000.00 | 44 954.26 | 0.08 |
| EUR	DEUTSCHE BANK AG-REG-S 1.62500% 19-12.02.21 | 100 000.00 | 110 230.12 | 0.19 |
| EUR	FORD MOTOR CREDIT CO LLC 3.02100% 19-06.03.24 | 100 000.00 | 114 554.95 | 0.20 |
| EUR	GALP GAS NATURAL DISTRIBUICAO SA-REG-S 1.37500% 16-19.09.23 | 100 000.00 | 113 966.67 | 0.20 |
| EUR	GLOBALWORTH REAL ESTATE INVEST-REG-S 3.00000% 18-29.03.25 | 100 000.00 | 118 934.00 | 0.21 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 2.00000% 15-27.07.23 | 190 000.00 | 221 074.24 | 0.38 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 1.62500% 16-27.07.26 | 80 000.00 | 93 395.26 | 0.16 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 2.00000% 18-01.11.28 | 40 000.00 | 48 322.90 | 0.08 |
| EUR	ING GROEP NV-REG-S 1.12500% 18-14.02.25 | 100 000.00 | 114 035.57 | 0.20 |
| EUR	ITALGAS SPA-REG-S 1.62500% 17-19.01.27 | 100 000.00 | 118 959.35 | 0.21 |
| EUR	NET4GAS SRO-REG-S 2.50000% 14-28.07.21 | 100 000.00 | 113 536.70 | 0.20 |
| EUR	PETROLEOS MEXICANOS-REG-S 3.75000% 17-21.02.24 | 100 000.00 | 113 142.32 | 0.20 |
| EUR	REDEXIS GAS FINANCE BV-REG-S 1.87500% 15-27.04.27 | 100 000.00 | 112 777.26 | 0.19 |
| EUR	SCHAEFFLER AG-REG-S 2.87500% 19-26.03.27 | 25 000.00 | 29 980.97 | 0.05 |
| EUR	VOLKSWAGEN FINANCIAL SERVICES AG-REG-S 1.50000% 19-01.10.24 | 30 000.00 | 33 972.90 | 0.06 |
| EUR	VOLKSWAGEN LEASING GMBH-REG-S 1.00000% 18-16.02.23 | 35 000.00 | 38 915.56 | 0.07 |
| EUR	VOLKSWAGEN LEASING GMBH-REG-S 1.62500% 18-15.08.25 | 45 000.00 | 51 271.07 | 0.09 |
| Total EUR |  | 3 134 300.68 | 5.46 |
| GBP |  |  |  |
| GBP	AA BOND CO LTD-REG-S 2.87500% 16-31.01.22 | 140 000.00 | 165 904.75 | 0.29 |
| GBP	ANGLIAN WATER SERVICES FINANCING-REG-S 4.50000% 13-22.02.26 | 100 000.00 | 137 728.70 | 0.24 |
| GBP	PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 4.12500% 17-20.07.22 | 100 000.00 | 128 508.92 | 0.22 |
| GBP	THAMES WATER UTILITIES FINANCE PLC 5.12500% 06-28.09.37 | 65 000.00 | 109 406.38 | 0.19 |
| Total GBP |  | 541 548.75 | 0.94 |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 3.87500% 15-01.08.25 | 320 000.00 | 344 897.28 | 0.60 |
| USD	GENERAL ELECTRIC CO 4.37500% 10-16.09.20 | 30 000.00 | 30 518.20 | 0.05 |
| USD	HENKEL AG & CO KGAA-REG-S 2.00000% 17-12.06.20 | 60 000.00 | 59 949.96 | 0.11 |
| USD	MIRVAC GROUP FINANCE LTD-REG-S 3.62500% 17-18.03.27 | 200 000.00 | 204 876.42 | 0.36 |
| USD	MORGAN STANLEY 4.00000% 15-23.07.25 | 60 000.00 | 64 726.74 | 0.11 |
| USD	MORGAN STANLEY-SUB 4.35000% 14-08.09.26 | 50 000.00 | 54 146.27 | 0.09 |
| USD	PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 5.37500% 17-06.07.27 | 200 000.00 | 205 500.00 | 0.36 |
| USD	WALT DISNEY CO/THE 1.85000% 16-30.07.26 | 10 000.00 | 9 864.64 | 0.02 |
| USD	WELLS FARGO & CO 2.62500% 17-22.07.22 | 70 000.00 | 70 777.17 | 0.12 |
| Total USD |  | 1 045 256.68 | 1.82 |
| Total Medium term notes, fixed rate |  | 4 884 394.56 | 8.50 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Annual Report as of 30 September 2019
| 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, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	AXA SA-REG-S-SUB 3.250%/VAR 18-28.05.49 | 100 000.00 | 123 347.31 | 0.22 |
| EUR	BARCLAYS PLC-REG-S-SUB 2.625%/VAR 15-11.11.25 | 140 000.00 | 154 486.40 | 0.27 |
| EUR	COMMONWEALTH BK OF AUSTRLIA-REG-S-SUB 1.936%/VAR 17-03.10.29 | 100 000.00 | 113 524.71 | 0.20 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 100 000.00 | 115 697.48 | 0.20 |
| EUR	NATIONWIDE BUILDING SOCIETY-REG-S-SUB 2.000%/VAR 17-25.07.29 | 100 000.00 | 110 739.25 | 0.19 |
| EUR	UBS AG-REG-S-SUB 4.750%/VAR 14-12.02.26 | 100 000.00 | 115 402.25 | 0.20 |
| Total EUR |  | 733 197.40 | 1.28 |
| GBP |  |  |  |
| GBP	AVIVA PLC-REG-S-SUB 5.125%VAR 15-04.06.50 | 100 000.00 | 139 729.43 | 0.24 |
| GBP	BARCLAYS PLC-REG-S 2.375%/VAR 17-06.10.23 | 100 000.00 | 124 260.21 | 0.22 |
| GBP	CYBG PLC-REG-S 3.375%/VAR 18-24.04.26 | 100 000.00 | 120 536.19 | 0.21 |
| GBP	PRUDENTIAL PLC-REG-S-SUB 5.000%/VAR 15-20.07.55 | 100 000.00 | 140 851.15 | 0.24 |
| GBP	YORKSHIRE WATER SERVICES FIN-REG-S 3.750%/VAR 10-22.03.46 | 110 000.00 | 141 891.03 | 0.25 |
| Total GBP |  | 667 268.01 | 1.16 |
| USD |  |  |  |
| USD	DBS GROUP HOLDINGS LTD-REG-S-SUB 3.600%/VAR 16-PRP | 200 000.00 | 200 194.00 | 0.35 |
| Total USD |  | 200 194.00 | 0.35 |
| Total Medium term notes, floating rate |  | 1 600 659.41 | 2.79 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ADO PROPERTIES SA-REG-S 1.50000% 17-26.07.24 | 100 000.00 | 109 179.82 | 0.19 |
| EUR	ALLERGAN FUNDING SCS 2.12500% 17-01.06.29 | 100 000.00 | 120 041.92 | 0.21 |
| EUR	BUZZI UNICEM SPA-REG-S 2.12500% 16-28.04.23 | 100 000.00 | 115 123.82 | 0.20 |
| EUR	CDP RETI SPA-REG-S 1.87500% 15-29.05.22 | 100 000.00 | 112 188.56 | 0.19 |
| EUR	CHUBB INA HOLDINGS INC 2.50000% 18-15.03.38 | 100 000.00 | 133 249.91 | 0.23 |
| EUR	CIE GEN ETABLISSEMENTS MICHELIN-REG-S 2.50000% 18-03.09.38 | 100 000.00 | 141 892.14 | 0.25 |
| EUR	FCC AQUALIA SA-REG-S 2.62900% 17-08.06.27 | 100 000.00 | 118 997.08 | 0.21 |
| EUR	GENERAL ELECTRIC CO 2.12500% 17-17.05.37 | 190 000.00 | 212 415.88 | 0.37 |
| EUR	ITALY, REPUBLIC OF-BTP 1.35000% 15-15.04.22 | 90 000.00 | 101 784.47 | 0.18 |
| EUR	LIBERTY MUTUAL GROUP INC-REG-S 2.75000% 16-04.05.26 | 130 000.00 | 159 842.97 | 0.28 |
| EUR	MYLAN NV-REG-S 3.12500% 16-22.11.28 | 100 000.00 | 123 084.46 | 0.21 |
| EUR	PETROLEOS MEXICANOS-REG-S 5.50000% 05-24.02.25 | 20 000.00 | 24 447.74 | 0.04 |
| EUR	RESA SA/BELGIUM-REG-S 1.00000% 16-22.07.26 | 100 000.00 | 113 369.61 | 0.20 |
| EUR	TAURON POLSKA ENERGIA SA-REG-S 2.37500% 17-05.07.27 | 100 000.00 | 116 157.54 | 0.20 |
| EUR	TDF INFRASTRUCTURE SAS 2.87500% 15-19.10.22 | 100 000.00 | 115 790.14 | 0.20 |
| EUR	TEVA PHARMACEUTICAL FINANCE II BV-REG-S 1.12500% 16-15.10.24 | 140 000.00 | 114 013.11 | 0.20 |
| EUR	TRANSPORT ET INFRASTRUCTURES GAZ-REG-S 2.20000% 15-05.08.25 | 100 000.00 | 120 259.09 | 0.21 |
| EUR	VERIZON COMMUNICATIONS INC 2.87500% 17-15.01.38 | 105 000.00 | 141 742.57 | 0.25 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 1.12500% 17-02.10.23 | 100 000.00 | 111 961.36 | 0.19 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 4.12500% 18-16.11.38 | 100 000.00 | 142 367.04 | 0.25 |
| EUR	VVO-YHTYMA OYJ-REG-S 1.62500% 16-17.10.23 | 100 000.00 | 113 511.80 | 0.20 |
| Total EUR |  | 2 561 421.03 | 4.46 |
| GBP |  |  |  |
| GBP	BARCLAYS BANK PLC-SUB 9.50000% 96-07.08.21 | 55 000.00 | 77 146.00 | 0.14 |
| GBP	TESCO PROPERTY FINANCE 4 PLC 5.80060% 11-13.10.40 | 180 000.00 | 283 387.72 | 0.49 |
| Total GBP |  | 360 533.72 | 0.63 |
| USD |  |  |  |
| USD	AMERICAN AIRLINES PASS THROUGH TRUST 4.37500% 14-01.10.22 | 50 000.00 | 31 155.55 | 0.06 |
| USD	BALTIMORE GAS & ELECTRIC CO 3.50000% 16-15.08.46 | 35 000.00 | 36 340.25 | 0.06 |
| USD	CITIGROUP INC 3.87500% 13-25.10.23 | 180 000.00 | 190 596.15 | 0.33 |
| USD	CONSUMERS ENERGY COMPANY 3.25000% 16-15.08.46 | 20 000.00 | 20 461.34 | 0.04 |
| USD	GOLDMAN SACHS GROUP INC-SUB 5.15000% 15-22.05.45 | 45 000.00 | 53 406.04 | 0.09 |
| USD	KROGER CO 3.70000% 17-01.08.27 | 60 000.00 | 63 396.93 | 0.11 |
| USD	MEXICO CITY AIRPORT TRUST-REG-S 5.50000% 17-31.07.47 | 200 000.00 | 198 600.00 | 0.35 |
| USD	MICROSOFT CORP 2.40000% 16-08.08.26 | 30 000.00 | 30 553.64 | 0.05 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 2.66500% 17-25.07.22 | 40 000.00 | 40 303.20 | 0.07 |
| USD	NATL RURAL UTIL COOPERATIVE FIN CORP 3.70000% 19-15.03.29 | 25 000.00 | 27 630.81 | 0.05 |
| USD	REYNOLDS AMERICAN INC 4.45000% 15-12.06.25 | 40 000.00 | 42 662.01 | 0.08 |
| USD	SHELL INTERNATIONAL FINANCE BV 4.37500% 15-11.05.45 | 40 000.00 | 48 334.68 | 0.08 |
| USD	SOUTHERN CALIFORNIA EDISON CO 4.00000% 17-01.04.47 | 45 000.00 | 48 259.03 | 0.08 |
| USD	SOUTHERN CALIFORNIA EDISON CO 2.85000% 19-01.08.29 | 45 000.00 | 45 392.73 | 0.08 |
| USD	SUNCOR ENERGY INC 6.50000% 07-15.06.38 | 55 000.00 | 75 736.59 | 0.13 |
| USD	VERIZON COMMUNICATIONS INC 5.25000% 17-16.03.37 | 20 000.00 | 24 761.24 | 0.04 |
| USD	VERIZON COMMUNICATIONS INC 5.50000% 17-16.03.47 | 90 000.00 | 118 783.66 | 0.21 |
| Total USD |  | 1 096 373.85 | 1.91 |
| Total Bonds, fixed rate |  | 4 018 328.60 | 7.00 |
| Bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	AG INSURANCE SA/NV-REG-S-SUB 3.500%/VAR 15-30.06.47 | 100 000.00 | 122 172.17 | 0.21 |
| EUR	ATF NETHERLANDS BV-REG-S-SUB 3.750%/VAR 16-PRP | 100 000.00 | 115 247.22 | 0.20 |
| EUR	CREDIT LOGEMENT SA-SUB 4.60400%/3M EURIBOR+115BP 06-PRP | 100 000.00 | 86 097.24 | 0.15 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 4.000%/VAR 18-PRP | 100 000.00 | 117 325.14 | 0.21 |
| EUR	ORSTED A/S-REG-S-SUB 3.000%/VAR 15-06.11.3015 | 20 000.00 | 22 313.52 | 0.04 |
| EUR	RABOBANK NEDERLAND NV REG-S 5.500%/VAR 15-PRP | 200 000.00 | 224 446.01 | 0.39 |
| EUR	SWISS LIFE AG VIA DEMETER INV BV-SUB 4.375%/VAR 15-PRP | 100 000.00 | 124 145.13 | 0.22 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.875%/VAR 18-PRP | 100 000.00 | 115 421.65 | 0.20 |
| EUR	VOLKSWAGEN INTL FINANCE NV-REG-S-SUB 3.375%/VAR 18-PRP | 100 000.00 | 114 295.99 | 0.20 |
| EUR	VONOVIA FINANCE BV-REG-S-SUB 4.000%/VAR 14-PRP | 100 000.00 | 117 014.43 | 0.20 |
| Total EUR |  | 1 158 478.50 | 2.02 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Annual Report as of 30 September 2019
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| GBP |  |  |  |  |
| GBP | BUPA FINANCE PLC 6.125%/VAR 04-PRP | 20 000.00 | 25 545.33 | 0.05 |
| GBP | HSBC BANK CAPITAL FUNDING STERLING-SUB 5.86200%/VAR 04-PRP | 20 000.00 | 25 101.01 | 0.04 |
| GBP | PRUDENTIAL PLC-REG-S-SUB 5.625%/VAR 18-20.10.51 | 175 000.00 | 246 829.38 | 0.43 |
| GBP | SSE PLC-REG-S-SUB 3.875%/VAR 15-PRP | 120 000.00 | 148 985.07 | 0.26 |
| Total GBP |  |  | 446 460.79 | 0.78 |
| USD |  |  |  |  |
| USD | SCOR SE-REG-S-SUB 5.250%/VAR 18-PRP | 200 000.00 | 194 500.00 | 0.34 |
| USD | WESTPAC BANKING CORP-SUB 5.000%/VAR 17-PRP | 90 000.00 | 87 920.10 | 0.15 |
| Total USD |  |  | 282 420.10 | 0.49 |
| Total Bonds, floating rate |  | 1 887 359.39 | 3.29 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 19 194 926.40 | 33.43 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Treasury bills, zero coupon |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 16.05.19-14.11.19 | 11 000 000.00 | 10 976 065.54 | 19.11 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 30.05.19-29.11.19 | 13 700 000.00 | 13 659 304.29 | 23.79 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 12.09.19-12.03.20 | 2 400 000.00 | 2 380 521.50 | 4.15 |
| Total USD |  | 27 015 891.33 | 47.05 |
| Total Treasury bills, zero coupon |  | 27 015 891.33 | 47.05 |
| Notes, fixed rate |  |  |  |
| CAD |  |  |  |
| CAD	ROYAL BANK OF CANADA 1.65000% 16-15.07.21 | 145 000.00 | 108 694.14 | 0.19 |
| CAD	TELUS CORP 3.75000% 14-17.01.25 | 30 000.00 | 23 882.18 | 0.04 |
| CAD	TORONTO-DOMINION BANK 2.04500% 16-08.03.21 | 100 000.00 | 75 518.12 | 0.13 |
| Total CAD |  | 208 094.44 | 0.36 |
| USD |  |  |  |
| USD	ABB FINANCE USA INC 2.87500% 12-08.05.22 | 45 000.00 | 45 986.14 | 0.08 |
| USD	ABBVIE INC 4.40000% 13-06.11.42 | 40 000.00 | 41 254.30 | 0.07 |
| USD	ALTRIA GROUP INC 4.25000% 12-09.08.42 | 100 000.00 | 96 791.20 | 0.17 |
| USD	AMAZON.COM INC 2.80000% 18-22.08.24 | 110 000.00 | 114 381.63 | 0.20 |
| USD	APACHE CORP 4.25000% 12-15.01.44 | 80 000.00 | 71 240.89 | 0.12 |
| USD	BROADCOM CORP/CAYMAN FIN LTD 3.62500% 18-15.01.24 | 90 000.00 | 92 034.90 | 0.16 |
| USD	BURLINGTON NORTHERN SANTA FE LLC 5.40000% 11-01.06.41 | 35 000.00 | 45 508.70 | 0.08 |
| USD	CAPITAL ONE FINANCIAL CORP 3.20000% 15-05.02.25 | 90 000.00 | 92 530.98 | 0.16 |
| USD	CCO LLC/CAPITAL 5.37500% 17-01.05.47 | 20 000.00 | 21 791.34 | 0.04 |
| USD	CHEVRON PHILLIPS CHEMICAL CO LLC-144A 3.30000% 18-01.05.23 | 125 000.00 | 128 349.86 | 0.22 |
| USD	CITIGROUP INC-SUB 4.60000% 16-09.03.26 | 30 000.00 | 32 777.65 | 0.06 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 5.30000% 19-01.10.29 | 85 000.00 | 92 671.59 | 0.16 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 8.35000% 16-15.07.46 | 85 000.00 | 112 110.51 | 0.19 |
| USD	DIAGEO CAPITAL PLC 3.87500% 13-29.04.43 | 30 000.00 | 34 150.96 | 0.06 |
| USD	EATON CORP 4.15000% 13-02.11.42 | 40 000.00 | 44 297.93 | 0.08 |
| USD	ENERGY TRANSFER PARTNERS LP 6.00000% 18-15.06.48 | 45 000.00 | 53 165.04 | 0.09 |
| USD	ENLINK MIDSTREAM PARTNERS LP 4.40000% 14-01.04.24 | 50 000.00 | 48 152.50 | 0.08 |
| USD	ENTERPRISE PRODUCTS OPERATING LLC 4.85000% 13-15.03.44 | 40 000.00 | 45 923.09 | 0.08 |
| USD	ERAC USA FINANCE LLC-144A 5.62500% 12-15.03.42 | 30 000.00 | 38 014.59 | 0.07 |
| USD	FREEPORT-MCMORAN INC 3.87500% 13-15.03.23 | 65 000.00 | 65 487.50 | 0.11 |
| USD	GENERAL ELECTRIC CO 4.12500% 12-09.10.42 | 20 000.00 | 20 012.52 | 0.03 |
| USD	GENERAL MOTORS FINANCIAL CO 4.35000% 18-09.04.25 | 105 000.00 | 109 373.00 | 0.19 |
| USD	GILEAD SCIENCES INC 4.80000% 14-01.04.44 | 30 000.00 | 35 878.84 | 0.06 |
| USD	GLENCORE FUNDING LLC-144A 4.87500% 19-12.03.29 | 50 000.00 | 54 029.07 | 0.09 |
| USD	HARTFORD FINANCIAL SERVICES GROUP INC 4.30000% 13-15.04.43 | 40 000.00 | 44 407.86 | 0.08 |
| USD	HARTFORD FINANCIAL SERVICES GROUP INC 4.40000% 18-15.03.48 | 55 000.00 | 63 136.37 | 0.11 |
| USD	HOME DEPOT INC/THE 4.87500% 13-15.02.44 | 30 000.00 | 38 673.49 | 0.07 |
| USD	JPMORGAN CHASE & CO-SUB 3.62500% 16-01.12.27 | 75 000.00 | 78 959.87 | 0.14 |
| USD	KINDER MORGAN INC-144A 5.62500% 13-15.11.23 | 40 000.00 | 44 389.91 | 0.08 |
| USD	KRAFT HEINZ FOODS CO-144A 4.87500% 15-15.02.25 | 28 000.00 | 28 825.35 | 0.05 |
| USD	KROGER CO 4.65000% 17-15.01.48 | 10 000.00 | 10 701.67 | 0.02 |
| USD	LIBERTY MUTUAL GROUP INC-144A 4.56900% 19-01.02.29 | 50 000.00 | 55 789.46 | 0.10 |
| USD	MERCK & CO INC 3.70000% 15-10.02.45 | 15 000.00 | 16 916.69 | 0.03 |
| USD	MICROSOFT CORP 3.50000% 12-15.11.42 | 35 000.00 | 38 501.43 | 0.07 |
| USD	MORGAN STANLEY 6.37500% 12-24.07.42 | 30 000.00 | 43 547.28 | 0.08 |
| USD	MOTIVA ENTERPRISES LLC-144A 6.85000% 10-15.01.40 | 30 000.00 | 36 948.66 | 0.06 |
| USD	MPLX LP-144A 4.25000% 19-01.12.27 | 20 000.00 | 21 159.81 | 0.04 |
| USD	NBC UNIVERSAL INC 4.37500% 11-01.04.21 | 100 000.00 | 103 529.47 | 0.18 |
| USD	ONCOR ELECTRIC DELIVERY CO 3.70000% 19-15.11.28 | 30 000.00 | 33 033.59 | 0.06 |
| USD	ORIGIN ENERGY FINANCE LTD-REG-S 5.45000% 11-14.10.21 | 40 000.00 | 42 161.20 | 0.07 |
| USD	PHILLIPS 66 PARTNERS LP 4.68000% 15-15.02.45 | 25 000.00 | 26 822.77 | 0.05 |
| USD	PPL CAPITAL FUNDING INC 4.70000% 13-01.06.43 | 85 000.00 | 95 773.15 | 0.17 |
| USD	SCHLUMBERGER HOLDINGS CORP-144A 3.00000% 15-21.12.20 | 50 000.00 | 50 423.48 | 0.09 |
| USD	SOUTHWESTERN ELECTRIC POWER 6.20000% 10-15.03.40 | 75 000.00 | 100 924.35 | 0.17 |
| USD	SWISS RE TREASURY (US) CORP-144A 4.25000% 12-06.12.42 | 40 000.00 | 45 927.82 | 0.08 |
| USD	TEACHERS INSURANCE&ANNUITY ASS-144A-SUB 4.90000% 14-15.09.44 | 35 000.00 | 43 511.21 | 0.08 |
| USD	TEVA PHARMACEUTICAL FINANCE IV LLC 3.65000% 11-10.11.21 | 20 000.00 | 18 475.00 | 0.03 |
| USD	UNITD AIRLNS 2016-1 CL B PAS THRUGH TRT 3.65000% 17-07.01.26 | 50 000.00 | 44 278.75 | 0.08 |
| USD	VIRGINIA ELECTRIC & POWER CO 4.00000% 16-15.11.46 | 30 000.00 | 33 517.30 | 0.06 |
| USD	WALT DISNEY CO-144A 6.20000% 19-15.12.34 | 85 000.00 | 120 919.06 | 0.21 |
| USD	XCEL ENERGY INC 4.80000% 11-15.09.41 | 120 000.00 | 139 068.74 | 0.24 |
| Total USD |  | 2 956 238.47 | 5.15 |
| Total Notes, fixed rate |  | 3 164 332.91 | 5.51 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Annual Report as of 30 September 2019
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	JPMORGAN CHASE & CO 2.739%/VAR 19-15.10.30 | 110 000.00 | 109 227.34 | 0.19 |
| USD	LLOYDS BANKING GROUP PLC 3.574%/3M LIBOR+120.5BP 17-07.11.28 | 210 000.00 | 214 292.19 | 0.37 |
| Total USD |  | 323 519.53 | 0.56 |
| Total Notes, floating rate |  | 323 519.53 | 0.56 |
| Medium term notes, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	AUSGRID FINANCE PTY LTD-REG-S 3.75000% 17-30.10.24 | 50 000.00 | 36 650.29 | 0.06 |
| Total AUD |  | 36 650.29 | 0.06 |
| CAD |  |  |  |
| CAD	BELL CANADA 4.75000% 14-29.09.44 | 25 000.00 | 21 885.38 | 0.04 |
| CAD	SUNCOR ENERGY INC 3.00000% 16-14.09.26 | 40 000.00 | 31 016.01 | 0.05 |
| Total CAD |  | 52 901.39 | 0.09 |
| Total Medium term notes, fixed rate |  | 89 551.68 | 0.15 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AT&T INC 3.00000% 12-15.02.22 | 50 000.00 | 51 021.90 | 0.09 |
| USD	COMCAST CORP 4.75000% 14-01.03.44 | 20 000.00 | 24 282.40 | 0.04 |
| USD	DUKE ENERGY CAROLINAS LLC 4.00000% 12-30.09.42 | 50 000.00 | 55 948.19 | 0.10 |
| USD	MONONGAHELA POWER CO-144A 5.40000% 13-15.12.43 | 35 000.00 | 46 923.28 | 0.08 |
| USD	PACIFICORP 6.00000% 09-15.01.39 | 60 000.00 | 84 106.31 | 0.15 |
| USD	PHILLIPS 66 4.65000% 14-15.11.34 | 30 000.00 | 34 643.07 | 0.06 |
| USD	TIME WARNER CABLE LLC 4.50000% 12-15.09.42 | 35 000.00 | 34 441.67 | 0.06 |
| Total USD |  | 331 366.82 | 0.58 |
| Total Bonds, fixed rate | 331 366.82 | 0.58 |
| Total Transferable securities and money market instruments traded on another regulated market | 30 924 662.27 | 53.85 |
| 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	ISHARES III PLC - ISHARES CAP EM MKT LOC GOV BD USD UCITS ET	44 100.00 | 2 614 689.00 | 4.56 |
| Total Ireland | 2 614 689.00 | 4.56 |
| Luxembourg |  |  |
| USD	X-TRACKERS HARVEST CSI300 INDEX UCITS ETF-EUR-1D-DISTR	229 200.00 | 2 436 396.00 | 4.24 |
| Total Luxembourg | 2 436 396.00 | 4.24 |
| Total Investment funds, open end | 5 051 085.00 | 8.80 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 5 051 085.00 | 8.80 |
| Derivative instruments listed on an official stock exchange |  |  |
| Options on bond futures, classic-styled |  |  |
| USD |  |  |
| USD	US 10YR TREASURY NOTE FUTURE CALL 133.00000 NOV19 25.10.19	24.00 | 1 875.00 | 0.00 |
| Total USD | 1 875.00 | 0.00 |
| Total Options on bond futures, classic-styled | 1 875.00 | 0.00 |
| Total Derivative instruments listed on an official stock exchange | 1 875.00 | 0.00 |
| Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  |  |
| Options on other swaps, classic-styled |  |  |
| EUR |  |  |
| EUR	ML/ITRX.SNR FIN S31 SWAPTION PUT 65.00000% 20.11.19	1 000 000.00 | 1 955.60 | 0.00 |
| Total EUR | 1 955.60 | 0.00 |
| Total Options on other swaps, classic-styled | 1 955.60 | 0.00 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market | 1 955.60 | 0.00 |
| Total investments in securities | 55 174 504.27 | 96.08 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Annual Report as of 30 September 2019
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Derivative instruments |  |  |  |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Financial Futures on bonds |  |  |  |
|  |  |  |  |
| EUR	EURO-BUND FUTURE 06.12.19 | -32.00 | 63 046.27 | 0.11 |
| GBP	LONG GILT FUTURE 27.12.19 | -12.00 | -12 224.42 | -0.02 |
| USD	US 10YR TREASURY NOTE FUTURE 19.12.19 | -3.00 | 2 484.38 | 0.01 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 19.12.19 | -13.00 | 88 390.63 | 0.15 |
| USD	US 5YR TREASURY NOTE FUTURE 31.12.19 | 21.00 | -20 507.80 | -0.04 |
| CAD	CANADA 10YR BOND FUTURE 18.12.19 | 5.00 | -4 607.25 | -0.01 |
| Total Financial Futures on bonds |  | 116 581.81 | 0.20 |
| Financial Futures on Indices |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 20.12.19 | 6.00 | 3 466.84 | 0.01 |
| EUR	DAX INDEX FUTURE 20.12.19 | 2.00 | 3 325.11 | 0.01 |
| CHF	SWISS MARKET INDEX FUTURE 20.12.19 | 4.00 | 5 054.41 | 0.01 |
| EUR	CAC 40 INDEX FUTURE 18.10.19 | -37.00 | -34 286.79 | -0.06 |
| GBP	FTSE 100 INDEX FUTURE 20.12.19 | -8.00 | -10 647.07 | -0.02 |
| GBP	FTSE 250 INDEX FUTURE 20.12.19 | 43.00 | -1 247.09 | 0.00 |
| EUR	FTSE/MIB INDEX FUTURE 20.12.19 | 8.00 | 10 291.49 | 0.02 |
| USD	S&P500 EMINI FUTURE 20.12.19 | 17.00 | -25 755.00 | -0.05 |
| JPY	TOPIX INDX FUTURE 12.12.19 | 32.00 | 186 389.08 | 0.32 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 20.12.19 | -20.00 | 25 100.00 | 0.04 |
| AUD	SPI 200 INDEX FUTURE 19.12.19 | 4.00 | 1 214.01 | 0.00 |
| CAD	S&P/TSX 60 INDEX FUTURE 19.12.19 | 2.00 | 6.04 | 0.00 |
| Total Financial Futures on Indices |  | 162 911.03 | 0.28 |
| Total Derivative instruments listed on an official stock exchange |  | 279 492.84 | 0.48 |
| Derivative instruments not listed on an official stock exchange and not traded on another | regulated market |  |  |
| Credit default swaps* |  |  |  |
|  |  |  |  |
| USD	ICE/CDX.NA.IG.33-V1 CDI PAYER 1.00000% 19-20.12.24 | -12 500 000.00 | -252 319.44 | -0.44 |
| EUR	ICE/ITRX.EUROPE.32-V1 CDI PAYER 1.00000% 19-20.12.24 | -6 100 000.00 | -157 015.39 | -0.27 |
| USD	JP MORGAN/TCKBCN CREDIT DEFAULT SWAP REC 1.00000% 14-20.03.20 | 10 000.00 | 43.33 | 0.00 |
| USD	BARCLAYS/TCKBCN CREDIT DEFAULT SWAP REC 1.00000% 15-20.09.20 | 630 000.00 | 5 412.51 | 0.01 |
| EUR	ICE/ITRX.XOVER.32-V1 CDI REC 5.00000% 19-20.12.24 | 520 000.00 | 74 115.77 | 0.13 |
| USD	ICE/CDX.NA.HY.33-V1 CDI REC 5.00000% 19-20.12.24 | 1 500 000.00 | 102 907.17 | 0.18 |
| Total Credit default swaps |  | -226 856.05 | -0.39 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  | -226 856.05 | -0.39 |
| Total Derivative instruments |  | 52 636.79 | 0.09 |
| Forward Foreign Exchange contracts |  |  |  |
| Forward Foreign Exchange contracts (Purchase/Sale) |  |  |  |

| MYR | 3 544 000.00 | USD | 848 659.00 | 17.10.2019 | -2 847.90 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| COP | 11 859 088 000.00 | USD | 3 506 842.12 | 17.10.2019 | -99 788.74 | -0.17 |
| BRL | 7 180 000.00 | USD | 1 760 831.07 | 17.10.2019 | -38 982.50 | -0.07 |
| USD | 1 736 414.84 | HUF | 524 050 000.00 | 17.10.2019 | 29 299.49 | 0.05 |
| JPY | 553 600 000.00 | USD | 5 144 044.39 | 17.10.2019 | -16 254.41 | -0.03 |
| MXN | 70 240 000.00 | USD | 3 589 020.38 | 17.10.2019 | -40 973.00 | -0.07 |
| USD | 378 036.37 | JPY | 40 700 000.00 | 17.10.2019 | 1 047.47 | 0.00 |
| USD | 557 978.01 | HKD | 4 365 000.00 | 17.10.2019 | 1 022.45 | 0.00 |
| USD | 2 339 757.60 | AUD | 3 400 000.00 | 17.10.2019 | 45 311.63 | 0.08 |
| USD | 360 413.16 | GBP | 290 000.00 | 17.10.2019 | 2 814.63 | 0.01 |
| USD | 3 827 847.26 | CHF | 3 775 000.00 | 17.10.2019 | 37 024.70 | 0.06 |
| USD | 3 641 884.91 | NZD | 5 685 000.00 | 17.10.2019 | 75 842.90 | 0.13 |
| NOK | 16 230 000.00 | USD | 1 813 442.87 | 17.10.2019 | -26 647.71 | -0.05 |
| USD | 3 666 125.32 | THB | 111 290 000.00 | 17.10.2019 | 26 477.02 | 0.05 |
| USD | 3 975 362.59 | CAD | 5 255 000.00 | 17.10.2019 | 5 353.54 | 0.01 |
| USD | 5 976 779.63 | EUR | 5 375 000.00 | 17.10.2019 | 109 897.32 | 0.19 |
| SEK | 33 230 000.00 | USD | 3 471 142.82 | 17.10.2019 | -87 878.44 | -0.15 |
| NOK | 15 594 004.98 | CAD | 2 305 000.00 | 17.10.2019 | -24 581.41 | -0.04 |
| EUR | 445 000.00 | USD | 490 009.53 | 17.10.2019 | -4 286.25 | -0.01 |
| EUR | 13 925 800.00 | USD | 15 274 583.36 | 31.10.2019 | -56 495.71 | -0.10 |
| CHF | 18 913 800.00 | USD | 19 092 891.32 | 31.10.2019 | -75 288.29 | -0.13 |
| JPY | 38 300 000.00 | USD | 354 721.92 | 17.10.2019 | 36.67 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | -139 896.54 | -0.24 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 2 999 149.41 | 5.22 |
| Bank overdraft and other short-term liabilities | -873 001.11 | -1.52 |
| Other assets and liabilities | 211 618.12 | 0.37 |
| Total net assets | 57 425 010.94 | 100.00 |
| * Positive nominal: the subfund is “Receiver of protection”, negative nominal: the subfund is “Seller of protection”. |  |  |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Annual Report as of 30 September 2019

Translation (ENDE, 2019-09-30):
# UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD)
| Dreijahresvergleich |  |
| --- | --- |
|  | ISIN | 30.9.2019 | 30.9.2018 | 30.9.2017 |
| Nettovermögen in USD |  | 57 425 010.94 | 87 150 059.39 | 148 135 783.47 |
| Klasse F-acc 1 | LU0425150785 |  |  |  |
| Aktien im Umlauf |  | - | 20 800.0000 | 45 168.0000 |
| Nettoinventarwert pro Aktie in USD |  | - | 100.46 | 103.04 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | - | 100.32 | 102.72 |
| Klasse (GBP hedged) F-acc 3 | LU1346285296 |  |  |  |
| Aktien im Umlauf |  | - | - | 38 903.3850 |
| Nettoinventarwert pro Aktie in GBP |  | - | - | 107.52 |
| Ausgabe- und Rücknahmepreis pro Aktie in GBP 2 |  | - | - | 107.19 |
| Klasse I-A1-acc | LU0425151833 |  |  |  |
| Aktien im Umlauf |  | 4 087.0000 | 4 562.0000 | 9 308.0000 |
| Nettoinventarwert pro Aktie in USD |  | 94.52 | 93.07 | 96.01 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 94.52 | 92.94 | 95.71 |
| Klasse (EUR hedged) I-A2-acc | LU0920342325 |  |  |  |
| Aktien im Umlauf |  | 74 639.4450 | 74 639.4450 | 96 219.8360 |
| Nettoinventarwert pro Aktie in EUR |  | 93.81 | 95.08 | 100.60 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 93.81 | 94.95 | 100.29 |
| Klasse I-B-acc | LU0425154183 |  |  |  |
| Aktien im Umlauf |  | 117 032.7840 | 121 689.6200 | 134 137.6080 |
| Nettoinventarwert pro Aktie in USD |  | 128.74 | 125.39 | 127.96 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 128.74 | 125.21 | 127.56 |
| Klasse (EUR hedged) I-B-acc 4 | LU0945635695 |  |  |  |
| Aktien im Umlauf |  | - | 126 791.5270 | 139 208.7330 |
| Nettoinventarwert pro Aktie in EUR |  | - | 104.87 | 109.87 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | - | 104.72 | 109.53 |
| Klasse I-X-acc | LU0425154852 |  |  |  |
| Aktien im Umlauf |  | 11 013.3600 | 39 084.4970 | 65 048.4030 |
| Nettoinventarwert pro Aktie in USD |  | 128.03 | 124.62 | 127.10 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 128.03 | 124.45 | 126.71 |
| Klasse (CHF hedged) I-X-acc | LU0943632256 |  |  |  |
| Aktien im Umlauf |  | 183 781.4010 | 187 868.2040 | 289 453.5910 |
| Nettoinventarwert pro Aktie in CHF |  | 101.89 | 102.60 | 107.88 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 2 |  | 101.89 | 102.46 | 107.55 |
| Klasse (EUR hedged) I-X-acc | LU1191107694 |  |  |  |
| Aktien im Umlauf |  | 48 721.1760 | 48 721.1770 | 47 052.1000 |
| Nettoinventarwert pro Aktie in EUR |  | 90.00 | 90.26 | 94.51 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 90.00 | 90.13 | 94.22 |
| Klasse (EUR hedged) N-4%-mdist | LU1240811577 |  |  |  |
| Aktien im Umlauf |  | 3 144.9090 | 2 786.8140 | 5 984.0640 |
| Nettoinventarwert pro Aktie in EUR |  | 69.93 | 74.82 | 83.56 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 69.93 | 74.72 | 83.30 |
| Klasse (EUR hedged) N-acc | LU1089022138 |  |  |  |
| Aktien im Umlauf |  | 4 799.4780 | 6 679.3020 | 12 237.2700 |
| Nettoinventarwert pro Aktie in EUR |  | 83.69 | 86.11 | 92.46 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 83.69 | 85.99 | 92.17 |
| Klasse (EUR hedged) P-4%-mdist | LU1240811494 |  |  |  |
| Aktien im Umlauf |  | 6 818.9950 | 5 870.4390 | 8 064.4190 |
| Nettoinventarwert pro Aktie in EUR |  | 71.64 | 76.23 | 84.66 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 71.64 | 76.12 | 84.40 |
| Klasse P-acc | LU0218832805 |  |  |  |
| Aktien im Umlauf |  | 52 426.4050 | 91 312.8740 | 184 954.9600 |
| Nettoinventarwert pro Aktie in USD |  | 118.02 | 117.15 | 121.83 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 118.02 | 116.99 | 121.45 |
| Klasse (CHF hedged) P-acc | LU0849400626 |  |  |  |
| Aktien im Umlauf |  | 2 140.0990 | 3 846.4610 | 6 530.3180 |
| Nettoinventarwert pro Aktie in CHF |  | 91.34 | 93.81 | 100.58 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 2 |  | 91.34 | 93.68 | 100.27 |
| Klasse (EUR hedged) P-acc | LU0849401350 |  |  |  |
| Aktien im Umlauf |  | 14 138.0130 | 28 167.4550 | 40 224.8910 |
| Nettoinventarwert pro Aktie in EUR |  | 94.27 | 96.43 | 102.96 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 94.27 | 96.29 | 102.64 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Jahresbericht per 30. September 2019
|  | ISIN | 30.9.2019 | 30.9.2018 | 30.9.2017 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Klasse Q-acc 5 | LU1240792256 |  |  |  |
| Aktien im Umlauf |  | - | 181.8080 | 2 463.5860 |
| Nettoinventarwert pro Aktie in USD |  | - | 98.71 | 101.93 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | - | 98.57 | 101.61 |
| Klasse (EUR hedged) Q-acc | LU1121267162 |  |  |  |
| Aktien im Umlauf |  | 3 342.9160 | 2 965.6790 | 119 626.9430 |
| Nettoinventarwert pro Aktie in EUR |  | 88.21 | 89.59 | 94.73 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 88.21 | 89.46 | 94.44 |
| 1  Die Aktienklasse F-acc war bis zum 1.10.2018 im Umlauf 2  Siehe Erläuterung 1 3  Für die Periode vom 7.3.2016 bis zum 9.10.2017 war die Aktienklasse (GBP hedged) F-acc im Umlauf 4  Die Aktienklasse (EUR hedged) I-B-acc war bis zum 8.4.2019 im Umlauf 5  Die Aktienklasse Q-acc war bis zum 12.10.2018 im Umlauf |  |  |  |  |
| Performance |  |  |  |  |
|  | Währung | 2018/2019 | 2017/2018 | 2016/2017 |
| Klasse F-acc 1 | USD | - | -2.3% | 5.5% |
| Klasse (GBP hedged) F-acc 2 | GBP | - | - | 4.5% |
| Klasse I-A1-acc | USD | 1.6% | -3.1% | 5.2% |
| Klasse (EUR hedged) I-A2-acc | EUR | -1.3% | -5.5% | 3.5% |
| Klasse I-B-acc | USD | 2.7% | -2.0% | 6.4% |
| Klasse (EUR hedged) I-B-acc 3 | EUR | - | -4.6% | 4.5% |
| Klasse I-X-acc | USD | 2.7% | -2.0% | 6.4% |
| Klasse (CHF hedged) I-X-acc | CHF | -0.7% | -4.9% | 4.1% |
| Klasse (EUR hedged) I-X-acc | EUR | -0.3% | -4.5% | 4.6% |
| Klasse (EUR hedged) N-4%-mdist | EUR | -2.7% | -6.7% | 1.7% |
| Klasse (EUR hedged) N-acc | EUR | -2.7% | -6.7% | 1.7% |
| Klasse (EUR hedged) P-4%-mdist | EUR | -2.1% | -6.2% | 2.3% |
| Klasse P-acc | USD | 0.9% | -3.7% | 4.0% |
| Klasse (CHF hedged) P-acc | CHF | -2.5% | -6.6% | 1.8% |
| Klasse (EUR hedged) P-acc | EUR | -2.1% | -6.2% | 2.3% |
| Klasse Q-acc 4 | USD | - | -3.0% | 4.8% |
| Klasse (EUR hedged) Q-acc | EUR | -1.4% | -5.3% | 3.0% |

1 
Die Aktienklasse F-acc war bis zum 1.10.2018 im Umlauf. Auf Grund dessen liegen keine Daten für die Berechnung der Performance vor.
2 
Für die Periode vom 7.3.2016 bis zum 9.10.2017 war die Aktienklasse (GBP hedged) F-acc im Umlauf. Auf Grund dessen liegen keine Daten für die Berechnung der Performance vor.
3 
Die Aktienklasse (EUR hedged) I-B-acc war bis zum 8.4.2019 im Umlauf. Auf Grund dessen liegen keine Daten für die Berechnung der Performance vor.
4 
Die Aktienklasse Q-acc war bis zum 12.10.2018 im Umlauf. Auf Grund dessen liegen keine Daten für die Berechnung der Performance vor.
Die historische Performance stellt keinen Indikator für die laufende oder zukünftige Performance dar.
Die Performancedaten lassen die bei der Ausgabe und Rücknahme der Aktien erhobenen Kommissionen und Kosten unberücksichtigt. Die Performancedaten sind ungeprüft.
Der Subfonds verfügt über keine Benchmark.
UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Jahresbericht per 30. September 2019

## Bericht des Portfolio Managers
Das Berichtsjahr vom 1. Oktober 2018 bis zum
30. September 2019 war durch eine Verlangsamung des weltweiten Wirtschaftswachstums der führenden Volks- wirtschaften gekennzeichnet. Aufgrund von schwäche- ren wirtschaftlichen Fundamentaldaten und niedrigeren Inflationszahlen kam es im 4. Quartal 2018 zu einer Verkaufswelle bei den riskanterer Anlageklassen. Als die US-Notenbank Fed zu einer akkommodierenderen Zen- tralbankpolitik überging, löste dies im 1. Quartal eine Erholung der Vermögenswertpreise aus. Die internatio- nalen Handelsspannungen und die Unsicherheit über die Geldpolitik waren die Hauptgründe für eine höhere Vola- tilität und einen fehlenden Markttrend. Unter Berück- sichtigung des 4. Quartals 2018 erzielten globale Aktien nur eine leicht positive Performance. Der Aktienbestand des Fonds wurde zu Beginn des Berichtsjahres ausgewei- tet und im Laufe des Sommers erneut verringert.
Im Berichtsjahr war die Wertentwicklung des Subfonds für USD-Anteilsklassen positiv und für die Anteilsklassen CHF hedged und EUR hedged negativ. Eine Kernanlage in Unternehmensanleihen lieferte beständige Renditen, während eine Long-Position im mexikanischen Peso gegenüber einer Short-Position im USD zu den rentabels- ten Währungsgeschäften zählte. Die Absicherung der USD-Strategie in den CHF- und EUR-Anteilsklassen belas- tete die Performance aufgrund der Zinsunterschiede.
UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Jahresbericht per 30. September 2019

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
Vereinigte Staaten	64.57
| Grossbritannien | 5.37 |
| --- | --- |
| Luxemburg | 4.93 |
| Irland | 4.92 |
| Frankreich | 3.12 |
| Niederlande | 2.80 |
| Australien | 2.04 |
| Spanien | 1.63 |
| Mexiko | 0.94 |
| Kanada | 0.92 |
| Italien | 0.78 |
| Deutschland | 0.64 |
| Dänemark | 0.44 |
| Belgien | 0.41 |
| Singapur | 0.35 |
| Jersey | 0.33 |
| Japan | 0.24 |
| Rumänien | 0.21 |
| Polen | 0.20 |
| Schweiz | 0.20 |
| Schweden | 0.20 |
| Portugal | 0.20 |
| Tschechische Republik | 0.20 |
| Finnland | 0.20 |
| Neuseeland | 0.15 |
| Cayman-Inseln | 0.06 |
| Curaçao | 0.03 |
| Total | 96.08 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
Länder- & Zentralregierungen	47.22
| Banken & Kreditinstitute | 9.67 |
| --- | --- |
| Finanz- & Beteiligungsgesellschaften | 9.12 |
| Anlagefonds | 9.00 |
| Energie- & Wasserversorgung | 3.16 |
| Versicherungen | 3.06 |
| Erdöl | 2.43 |
| Telekommunikation | 2.33 |
| Immobilien | 1.43 |
| Verkehr & Transport | 1.11 |
| Elektrische Geräte & Komponenten | 0.87 |
| Pharmazeutik, Kosmetik & medizinische Produkte | 0.85 |
| Tabak & alkoholische Getränke | 0.67 |
| Pfandbriefinstitute & Refinanzierungsgesellschaften | 0.57 |
| Detailhandel, Warenhäuser | 0.50 |
| Internet, Software & IT-Dienste | 0.46 |
| Grafisches Gewerbe, Verlage & Medien | 0.43 |
| Diverse Dienstleistungen | 0.41 |
| Chemie | 0.32 |
| Nahrungsmittel & Softdrinks | 0.31 |
| Diverse nicht klassierte Gesellschaften | 0.30 |
| Biotechnologie | 0.29 |
| Gummi & Reifen | 0.25 |
| Baugewerbe & Baumaterial | 0.20 |
| Gesundheits- & Sozialwesen | 0.19 |
| Computer & Netzwerkausrüster | 0.16 |
| Flugzeug- & Raumfahrtindustrie | 0.16 |
| Fahrzeuge | 0.13 |
| Edelmetalle und -steine | 0.11 |
| Maschinen & Apparate | 0.11 |
| Diverse Konsumgüter | 0.10 |
| Bergbau, Kohle & Stahl | 0.09 |
| Landwirtschaft & Fischerei | 0.07 |
| Total | 96.08 |


## Nettovermögensaufstellung
Aktiva	30.9.2019
USD
Wertpapierbestand, Einstandswert	54 352 133.27
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	822 371.00	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 55 174 504.27 |
| Bankguthaben, Sicht- und Fristgelder | 2 775 375.68 |
| Andere liquide Mittel (Margins) | 223 773.73 |
| Forderungen aus Wertpapierverkäufen (Erläuterung 1) | 106 862.25 |
| Zinsforderungen aus Wertpapieren | 228 147.26 |
| Zinsforderungen aus liquiden Mitteln | 136.26 |
| Sonstige Forderungen | 20 080.75 |
| Nicht realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten (Erläuterung 1) | 279 492.84 |
| Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1) | -139 896.54 |
| Nicht realisierter Kursgewinn (-verlust) aus Swaps (Erläuterung 1) | -226 856.05 |
| Total Aktiva | 58 441 620.45 |
|  |  |
| Passiva |  |
| Kontokorrentkredit | -873 001.11 |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -101 431.67 |
| Verbindlichkeiten aus Rücknahmen | -16 485.08 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -11 509.25 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -2 271.85 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-11 910.55	 |
| Total Rückstellungen für Aufwendungen | -25 691.65 |
| Total Passiva | -1 016 609.51 |
|  |  |
| Nettovermögen am Ende des Geschäftsjahres | 57 425 010.94 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 1.10.2018-30.9.2019 |
| Zinsertrag auf liquide Mittel | 48 349.72 |
| Zinsen auf Wertpapiere | 1 109 345.96 |
| Dividenden (Erläuterung 1) | 174 213.10 |
| Zinsertrag auf Swaps (Erläuterung 1) | 170 441.57 |
| Erträge aus Securities Lending (Erläuterung 16) | 52 495.55 |
| Sonstige Erträge (Erläuterung 4) | 59 008.38 |
| Total Erträge | 1 613 854.28 |
|  |  |
| Aufwendungen |  |
| Zinsaufwand auf Swaps (Erläuterung 1) | -257 820.90 |
| Pauschale Verwaltungskommission (Erläuterung 2) | -334 867.83 |
| Abonnementsabgabe (Erläuterung 3) | -11 206.61 |
| Kosten aus Securities Lending (Erläuterung 16) | -20 998.22 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -13 619.01 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -10 701.77 |
| Total Aufwendungen | -649 214.34 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | 964 639.94 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 80 909.00 |
| Realisierter Kursgewinn (-verlust) aus Optionen | -4 944.60 |
| Realisierter Kursgewinn (-verlust) aus renditebewerteten Wertpapieren und Geldmarktinstrumenten | 746 793.09 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | -1 839 821.09 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | -3 009 442.30 |
| Realisierter Kursgewinn (-verlust) aus Swaps | -389 471.58 |
| Realisierter Währungsgewinn (-verlust) | 280 359.69 |
| Total der realisierten Gewinne (Verluste) | -4 135 617.79 |
|  |  |
| Realisierter Nettogewinn (-verlust) des Geschäftsjahres | -3 170 977.85 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 1 237 167.99 |
| Nicht realisierte Werterhöhung (-minderung) von Optionen | -13 232.22 |
| Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente | -66 338.23 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | -556 444.25 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | 514 400.79 |
| Nicht realisierte Werterhöhung (-minderung) von Swaps | 188 705.47 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 1 304 259.55 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | -1 866 718.30 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Jahresbericht per 30. September 2019
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.10.2018-30.9.2019 |
| Nettovermögen zu Beginn des Geschäftsjahres | 87 150 059.39 |
| Zeichnungen | 10 188 735.73 |
| Rücknahmen | 	-38 015 651.02	 |
| Total Mittelzufluss (-abfluss) | -27 826 915.29 |
| Ausbezahlte Dividende | -31 414.86 |
| Nettoerträge (-verluste) aus Anlagen | 964 639.94 |
| Total der realisierten Gewinne (Verluste) | -4 135 617.79 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	1 304 259.55	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | -1 866 718.30 |
| Nettovermögen am Ende des Geschäftsjahres | 57 425 010.94 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.10.2018-30.9.2019 |
| Klasse | F-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 20 800.0000 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -20 800.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 0.0000 |
| Klasse | I-A1-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 4 562.0000 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -475.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 4 087.0000 |
| Klasse | (EUR hedged) I-A2-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 74 639.4450 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 74 639.4450 |
| Klasse | I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 121 689.6200 |
| Anzahl der ausgegebenen Aktien | 20 763.8340 |
| Anzahl der zurückgegebenen Aktien | -25 420.6700 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 117 032.7840 |
| Klasse | (EUR hedged) I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 126 791.5270 |
| Anzahl der ausgegebenen Aktien | 2 959.5760 |
| Anzahl der zurückgegebenen Aktien | -129 751.1030 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 0.0000 |
| Klasse | I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 39 084.4970 |
| Anzahl der ausgegebenen Aktien | 71.6750 |
| Anzahl der zurückgegebenen Aktien | -28 142.8120 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 11 013.3600 |
| Klasse | (CHF hedged) I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 187 868.2040 |
| Anzahl der ausgegebenen Aktien | 64 757.5980 |
| Anzahl der zurückgegebenen Aktien | -68 844.4010 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 183 781.4010 |
| Klasse | (EUR hedged) I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 48 721.1770 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -0.0010 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 48 721.1760 |
| Klasse | (EUR hedged) N-4%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 2 786.8140 |
| Anzahl der ausgegebenen Aktien | 1 127.2460 |
| Anzahl der zurückgegebenen Aktien | -769.1510 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 3 144.9090 |
| Klasse | (EUR hedged) N-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 6 679.3020 |
| Anzahl der ausgegebenen Aktien | 177.4260 |
| Anzahl der zurückgegebenen Aktien | -2 057.2500 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 4 799.4780 |
| Klasse | (EUR hedged) P-4%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 5 870.4390 |
| Anzahl der ausgegebenen Aktien | 2 600.8550 |
| Anzahl der zurückgegebenen Aktien | -1 652.2990 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 6 818.9950 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 91 312.8740 |
| Anzahl der ausgegebenen Aktien | 296.1690 |
| Anzahl der zurückgegebenen Aktien | -39 182.6380 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 52 426.4050 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Jahresbericht per 30. September 2019
| Klasse | (CHF hedged) P-acc |
| --- | --- |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 3 846.4610 |
| Anzahl der ausgegebenen Aktien | 939.8010 |
| Anzahl der zurückgegebenen Aktien | -2 646.1630 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 2 140.0990 |
| Klasse | (EUR hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 28 167.4550 |
| Anzahl der ausgegebenen Aktien | 886.4970 |
| Anzahl der zurückgegebenen Aktien | -14 915.9390 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 14 138.0130 |
| Klasse | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 181.8080 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -181.8080 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 0.0000 |
| Klasse | (EUR hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 2 965.6790 |
| Anzahl der ausgegebenen Aktien | 1 167.0350 |
| Anzahl der zurückgegebenen Aktien | -789.7980 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 3 342.9160 |

| Monatliche Ausschüttung 1 |  |
| --- | --- |
| UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) | Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| (EUR hedged) N-4%-mdist | 10.10.2018 | 15.10.2018 | EUR | 0.24 |
| (EUR hedged) N-4%-mdist | 12.11.2018 | 15.11.2018 | EUR | 0.24 |
| (EUR hedged) N-4%-mdist | 10.12.2018 | 13.12.2018 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 10.1.2019 | 15.1.2019 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 11.2.2019 | 14.2.2019 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 11.3.2019 | 14.3.2019 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 10.4.2019 | 15.4.2019 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 10.5.2019 | 15.5.2019 | EUR | 0.24 |
| (EUR hedged) N-4%-mdist | 11.6.2019 | 14.6.2019 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 10.7.2019 | 15.7.2019 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 12.8.2019 | 16.8.2019 | EUR | 0.23 |
| (EUR hedged) N-4%-mdist | 10.9.2019 | 13.9.2019 | EUR | 0.23 |
| (EUR hedged) P-4%-mdist | 10.10.2018 | 15.10.2018 | EUR | 0.25 |
| (EUR hedged) P-4%-mdist | 12.11.2018 | 15.11.2018 | EUR | 0.24 |
| (EUR hedged) P-4%-mdist | 10.12.2018 | 13.12.2018 | EUR | 0.24 |
| (EUR hedged) P-4%-mdist | 10.1.2019 | 15.1.2019 | EUR | 0.24 |
| (EUR hedged) P-4%-mdist | 11.2.2019 | 14.2.2019 | EUR | 0.24 |
| (EUR hedged) P-4%-mdist | 11.3.2019 | 14.3.2019 | EUR | 0.24 |
| (EUR hedged) P-4%-mdist | 10.4.2019 | 15.4.2019 | EUR | 0.24 |
| (EUR hedged) P-4%-mdist | 10.5.2019 | 15.5.2019 | EUR | 0.24 |
| (EUR hedged) P-4%-mdist | 11.6.2019 | 14.6.2019 | EUR | 0.23 |
| (EUR hedged) P-4%-mdist | 10.7.2019 | 15.7.2019 | EUR | 0.24 |
| (EUR hedged) P-4%-mdist | 12.8.2019 | 16.8.2019 | EUR | 0.24 |
| (EUR hedged) P-4%-mdist | 10.9.2019 | 13.9.2019 | EUR | 0.23 |
| 1  Siehe Erläuterung 6 |  |  |  |  |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Jahresbericht per 30. September 2019

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. September 2019
| 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 |  |  |  |
| EUR |  |  |  |
| EUR	DREAM GLOBAL FUNDING 1 SARL-REG-S 1.37500% 17-21.12.21 | 100 000.00 | 111 093.78 | 0.19 |
| Total EUR |  | 111 093.78 | 0.19 |
| USD |  |  |  |
| USD	ABBOTT LABORATORIES 4.90000% 16-30.11.46 | 60 000.00 | 77 402.39 | 0.13 |
| USD	ABBVIE INC 4.25000% 18-14.11.28 | 50 000.00 | 54 251.86 | 0.09 |
| USD	ABBVIE INC 4.87500% 18-14.11.48 | 35 000.00 | 38 613.27 | 0.07 |
| USD	ALBEMARLE CORPORATION 5.45000% 14-01.12.44 | 50 000.00 | 56 748.38 | 0.10 |
| USD	ALLERGAN FUNDING SCS 3.45000% 15-15.03.22 | 40 000.00 | 40 991.24 | 0.07 |
| USD	ALLERGAN FUNDING SCS 4.75000% 15-15.03.45 | 12 000.00 | 12 713.75 | 0.02 |
| USD	ALPHABET INC 1.99800% 16-15.08.26 | 75 000.00 | 75 213.40 | 0.13 |
| USD	ALTRIA GROUP INC 4.40000% 19-14.02.26 | 35 000.00 | 37 427.20 | 0.07 |
| USD	ALTRIA GROUP INC 4.80000% 19-14.02.29 | 15 000.00 | 16 431.43 | 0.03 |
| USD	ALTRIA GROUP INC 5.95000% 19-14.02.49 | 30 000.00 | 35 278.61 | 0.06 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 75 000.00 | 77 878.17 | 0.14 |
| USD	AMGEN INC 4.40000% 15-01.05.45 | 25 000.00 | 28 252.11 | 0.05 |
| USD	ANHEUSER-BUSCH COS 3.65000% 19-01.02.26 | 45 000.00 | 48 208.33 | 0.08 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.15000% 19-23.01.25 | 25 000.00 | 27 304.91 | 0.05 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.75000% 19-23.01.29 | 30 000.00 | 34 867.83 | 0.06 |
| USD	ANTHEM INC 3.65000% 17-01.12.27 | 25 000.00 | 26 269.70 | 0.05 |
| USD	APPLE INC 3.85000% 16-04.08.46 | 80 000.00 | 90 181.11 | 0.16 |
| USD	APT PIPELINES LTD-REG-S 4.20000% 15-23.03.25 | 20 000.00 | 21 182.00 | 0.04 |
| USD	APT PIPELINES LTD-REG-S 4.25000% 17-15.07.27 | 25 000.00 | 26 697.25 | 0.05 |
| USD	AT&T INC 4.35000% 19-01.03.29 | 100 000.00 | 110 448.85 | 0.19 |
| USD	AT&T INC 4.75000% 15-15.05.46 | 85 000.00 | 94 262.12 | 0.16 |
| USD	AT&T INC 5.55000% 11-15.08.41 | 60 000.00 | 71 722.48 | 0.12 |
| USD	BAT CAPITAL CORP 3.55700% 18-15.08.27 | 40 000.00 | 40 291.17 | 0.07 |
| USD	CANADIAN NATURAL RESOURCES LTD 2.95000% 17-15.01.23 | 35 000.00 | 35 613.10 | 0.06 |
| USD	CANADIAN NATURAL RESOURCES LTD 3.85000% 17-01.06.27 | 50 000.00 | 52 635.15 | 0.09 |
| USD	CAPITAL ONE FINANCIAL CORP 3.90000% 19-29.01.24 | 65 000.00 | 68 672.68 | 0.12 |
| USD	CCO LLC/CAPITAL 4.50000% 18-01.02.24 | 60 000.00 | 64 459.40 | 0.11 |
| USD	CELGENE CORP 3.87500% 15-15.08.25 | 70 000.00 | 75 557.97 | 0.13 |
| USD	CENOVUS ENERGY INC 4.25000% 17-15.04.27 | 40 000.00 | 41 587.24 | 0.07 |
| USD	CF INDUSTRIES INC 5.15000% 14-15.03.34 | 40 000.00 | 41 838.00 | 0.07 |
| USD	CIGNA CORP 3.40000% 19-17.09.21 | 45 000.00 | 46 010.95 | 0.08 |
| USD	CIGNA CORP 4.37500% 19-15.10.28 | 50 000.00 | 54 633.80 | 0.10 |
| USD	CIGNA CORP 4.90000% 19-15.12.48 | 20 000.00 | 22 881.52 | 0.04 |
| USD	CITIGROUP INC 4.65000% 18-23.07.48 | 105 000.00 | 128 500.00 | 0.22 |
| USD	COMCAST CORP 3.95000% 18-15.10.25 | 50 000.00 | 54 423.00 | 0.09 |
| USD	COMCAST CORP 4.15000% 18-15.10.28 | 30 000.00 | 33 651.78 | 0.06 |
| USD	COMCAST CORP 4.70000% 18-15.10.48 | 25 000.00 | 30 611.08 | 0.05 |
| USD	COMCAST CORP 4.95000% 18-15.10.58 | 25 000.00 | 31 773.91 | 0.06 |
| USD	CONAGRA BRANDS INC 3.80000% 18-22.10.21 | 20 000.00 | 20 641.12 | 0.04 |
| USD	CONAGRA BRANDS INC 5.40000% 18-01.11.48 | 30 000.00 | 35 590.37 | 0.06 |
| USD	CONAGRA INC 4.60000% 18-01.11.25 | 40 000.00 | 43 988.68 | 0.08 |
| USD	CVS HEALTH CORP 2.62500% 19-15.08.24 | 45 000.00 | 45 200.08 | 0.08 |
| USD	CVS HEALTH CORP 3.35000% 18-09.03.21 | 16 000.00 | 16 255.85 | 0.03 |
| USD	CVS HEALTH CORP 4.30000% 18-25.03.28 | 50 000.00 | 54 066.77 | 0.09 |
| USD	CVS HEALTH CORP 5.05000% 18-25.03.48 | 25 000.00 | 28 373.22 | 0.05 |
| USD	CVS HEALTH CORP 5.12500% 15-20.07.45 | 60 000.00 | 68 007.66 | 0.12 |
| USD	DISCOVERY COMMUNICATIONS LLC 5.30000% 19-15.05.49 | 55 000.00 | 60 777.76 | 0.11 |
| USD	DOMINION ENERGY INC 2.85000% 16-15.08.26 | 20 000.00 | 20 101.28 | 0.04 |
| USD	ENABLE MIDSTREAM PARTNERS LP 3.90000% 15-15.05.24 | 35 000.00 | 35 675.42 | 0.06 |
| USD	ENERGY TRANSFER OPERATING LP 4.50000% 19-15.04.24 | 35 000.00 | 37 307.93 | 0.07 |
| USD	ENERGY TRANSFER PARTNERS LP 6.05000% 11-01.06.41 | 60 000.00 | 68 596.92 | 0.12 |
| USD	EXELON CORP 3.40000% 16-15.04.26 | 25 000.00 | 26 131.19 | 0.05 |
| USD	FEDEX CORP 4.55000% 16-01.04.46 | 10 000.00 | 10 489.05 | 0.02 |
| USD	GE CAPITAL INTL FUNDING CO 4.41800% 16-15.11.35 | 200 000.00 | 209 303.74 | 0.36 |
| USD	GENERAL ELECTRIC CO 3.15000% 12-07.09.22 | 30 000.00 | 30 451.93 | 0.05 |
| USD	GILEAD SCIENCES INC 4.75000% 15-01.03.46 | 25 000.00 | 29 756.16 | 0.05 |
| USD	HCP INC 3.87500% 14-15.08.24 | 45 000.00 | 48 013.62 | 0.08 |
| USD	HSBC HOLDINGS PLC 5.10000% 11-05.04.21 | 95 000.00 | 99 038.76 | 0.17 |
| USD	HUMANA INC 3.12500% 19-15.08.29 | 60 000.00 | 59 944.04 | 0.10 |
| USD	ILLINOIS TOOL WORKS INC 2.65000% 16-15.11.26 | 60 000.00 | 62 074.91 | 0.11 |
| USD	JPMORGAN CHASE & CO 3.20000% 13-25.01.23 | 380 000.00 | 392 440.59 | 0.68 |
| USD	KINDER MORGAN INC 3.15000% 17-15.01.23 | 45 000.00 | 46 062.23 | 0.08 |
| USD	KRAFT HEINZ FOODS CO 5.00000% 13-04.06.42 | 50 000.00 | 51 548.88 | 0.09 |
| USD	KROGER CO 3.87500% 16-15.10.46 | 10 000.00 | 9 539.35 | 0.02 |
| USD	LINCOLN NATIONAL CORP 3.80000% 18-01.03.28 | 80 000.00 | 84 585.19 | 0.15 |
| USD	LOWE’S COS INC 4.25000% 14-15.09.44 | 45 000.00 | 48 382.42 | 0.08 |
| USD	MARATHON OIL CORP 3.85000% 15-01.06.25 | 40 000.00 | 41 588.82 | 0.07 |
| USD	MEXICHEM SAB DE CV-REG-S 5.50000% 17-15.01.48 | 200 000.00 | 201 500.00 | 0.35 |
| USD	MICROSOFT CORP 3.70000% 16-08.08.46 | 60 000.00 | 68 287.46 | 0.12 |
| USD	MORGAN STANLEY 2.50000% 16-21.04.21 | 140 000.00 | 140 938.68 | 0.25 |
| USD	MPLX LP 5.20000% 17-01.03.47 | 40 000.00 | 44 425.88 | 0.08 |
| USD	NEXEN INC 6.40000% 07-15.05.37 | 45 000.00 | 63 520.31 | 0.11 |
| USD	OCCIDENTAL PETROLEUM CORP 3.50000% 19-15.08.29 | 45 000.00 | 45 639.02 | 0.08 |
| USD	PHILIP MORRIS INTERNATIONAL INC 4.25000% 14-10.11.44 | 25 000.00 | 27 340.75 | 0.05 |
| USD	QUALCOMM INC 4.30000% 17-20.05.47 | 30 000.00 | 33 536.03 | 0.06 |
| USD	REYNOLDS AMERICAN INC 5.70000% 15-15.08.35 | 15 000.00 | 16 742.46 | 0.03 |
| USD	ROYAL BANK OF SCOTLAND GROUP PLC-SUB 6.10000% 13-10.06.23 | 65 000.00 | 70 812.36 | 0.12 |
| USD	SCENTRE GROUP TRUST 1 /2-REG-S 2.37500% 15-28.04.21 | 55 000.00 | 54 887.25 | 0.10 |
| USD	SEMPRA ENERGY 6.00000% 09-15.10.39 | 40 000.00 | 51 360.01 | 0.09 |
| USD	SGSP AUSTRALIA ASSETS PTY LTD-REG-S 3.25000% 16-29.07.26 | 200 000.00 | 206 204.56 | 0.36 |
| USD	SOUTHERN CO 3.25000% 16-01.07.26 | 50 000.00 | 51 563.40 | 0.09 |
| USD	SOUTHERN CO 4.40000% 16-01.07.46 | 15 000.00 | 16 713.24 | 0.03 |
| USD	SUMITOMO MITSUI FIN GP INC 2.93400% 16-09.03.21 | 30 000.00 | 30 235.80 | 0.05 |
| USD	SUMITOMO MITSUI FIN GP INC-SUB 3.20200% 19-17.09.29 | 70 000.00 | 70 553.00 | 0.12 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Jahresbericht per 30. September 2019
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| USD | SUNTRUST BANKS INC 2.70000% 16-27.01.22 | 70 000.00 | 70 781.68 | 0.12 |
| USD | TELEFONICA EMISIONES SA 5.52000% 19-01.03.49 | 260 000.00 | 316 526.86 | 0.55 |
| USD | TELSTRA CORP LTD-REG-S 4.80000% 11-12.10.21 | 40 000.00 | 41 902.00 | 0.07 |
| USD | TEVA PHARMACEUTICAL FINANCE NL III BV 2.80000% 16-21.07.23 | 35 000.00 | 28 150.94 | 0.05 |
| USD | TIME WARNER CABLE LLC 5.00000% 09-01.02.20 | 65 000.00 | 65 525.45 | 0.11 |
| USD | UNION PACIFIC CORP 4.05000% 15-15.11.45 | 20 000.00 | 21 992.05 | 0.04 |
| USD | UNITED TECHNOLOGIES CORP 4.62500% 18-16.11.48 | 20 000.00 | 24 970.25 | 0.04 |
| USD | UNITED TECHNOLOGIES CORP 3.35000% 18-16.08.21 | 20 000.00 | 20 516.51 | 0.04 |
| USD | UNITED TECHNOLOGIES CORP 3.95000% 18-16.08.25 | 40 000.00 | 43 822.16 | 0.08 |
| USD | VALERO ENERGY CORP 4.90000% 15-15.03.45 | 50 000.00 | 55 831.72 | 0.10 |
| USD | VERIZON COMMUNICATIONS INC 3.37600% 18-15.02.25 | 26 000.00 | 27 426.54 | 0.05 |
| USD | VERIZON COMMUNICATIONS INC 3.87500% 19-08.02.29 | 25 000.00 | 27 434.12 | 0.05 |
| USD | VMWARE INC 3.90000% 17-21.08.27 | 50 000.00 | 51 423.81 | 0.09 |
| USD | VODAFONE GROUP PLC 4.37500% 13-19.02.43 | 15 000.00 | 15 495.68 | 0.03 |
| USD | WELLS FARGO & CO 2.10000% 16-26.07.21 | 65 000.00 | 64 934.44 | 0.11 |
| USD | WELLS FARGO & CO 3.06900% 17-24.01.23 | 80 000.00 | 81 467.60 | 0.14 |
| USD | WESTPAC BANKING CORP 2.80000% 17-11.01.22 | 25 000.00 | 25 393.25 | 0.04 |
| USD | WILLIAMS COMPANIES INC 4.55000% 14-24.06.24 | 25 000.00 | 26 907.65 | 0.05 |
| USD | WILLIAMS COS INC/THE 4.30000% 14-04.03.24 | 55 000.00 | 58 461.30 | 0.10 |
| USD | WILLIAMS COS INC/THE 4.90000% 14-15.01.45 | 20 000.00 | 21 135.66 | 0.04 |
| USD | WPP FINANCE 2010 3.75000% 14-19.09.24 | 30 000.00 | 31 177.12 | 0.05 |
| USD | XLIT LTD 5.25000% 13-15.12.43 | 25 000.00 | 32 590.20 | 0.06 |
| Total USD |  |  | 6 057 548.28 | 10.55 |
| Total Notes, fester Zins |  | 6 168 642.06 | 10.74 |
| Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	BHP BILLITON FINANCE USA-REG-S-SUB 6.750%/VAR 15-19.10.75 | 200 000.00 | 233 278.00 | 0.41 |
| USD	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.625%/VAR 14-PRP | 185 000.00 | 191 937.50 | 0.33 |
| USD	ROYAL BK OF SCOTLAND GP PLC 4.519%/VAR 18-25.06.24 | 200 000.00 | 210 326.88 | 0.37 |
| Total USD |  | 635 542.38 | 1.11 |
| Total Notes, variabler Zins |  | 635 542.38 | 1.11 |
| Medium-Term Notes, fester Zins |  |  |  |
| AUD |  |  |  |
| AUD	AURIZON NETWORK PTY LTD-REG-S 4.00000% 17-21.06.24 | 30 000.00 | 21 718.44 | 0.04 |
| AUD	BANCO SANTANDER SA 4.00000% 17-19.01.23 | 200 000.00 | 141 570.01 | 0.24 |
| Total AUD |  | 163 288.45 | 0.28 |
| EUR |  |  |  |
| EUR	A.P. MOELLER-MAERSK-REG-S 1.75000% 18-16.03.26 | 105 000.00 | 118 695.67 | 0.21 |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 2.37500% 19-27.09.27 | 100 000.00 | 118 976.14 | 0.21 |
| EUR	AKELIUS RESIDENTIAL PROPERTY AB-REG-S 1.75000% 17-07.02.25 | 100 000.00 | 114 832.95 | 0.20 |
| EUR	AUSGRID FINANCE PTY LTD-REG-S 1.25000% 18-30.07.25 | 125 000.00 | 142 898.08 | 0.25 |
| EUR	BANCO SANTANDER SA-REG-S-SUB 3.25000% 16-04.04.26 | 100 000.00 | 124 853.46 | 0.22 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S-SUB 3.00000% 15-11.09.25 | 100 000.00 | 124 552.73 | 0.22 |
| EUR	BAT INTERNATIONAL FINANCE PLC-REG-S 0.87500% 15-13.10.23 | 100 000.00 | 110 372.72 | 0.19 |
| EUR	BNP PARIBAS-REG-S 1.25000% 18-19.03.25 | 100 000.00 | 114 631.70 | 0.20 |
| EUR	BNP PARIBAS-REG-S 1.00000% 18-17.04.24 | 100 000.00 | 113 078.60 | 0.20 |
| EUR	BPCE SA-REG-S 1.37500% 18-23.03.26 | 100 000.00 | 116 159.29 | 0.20 |
| EUR	CANAL DE ISABEL II GESTION SA-REG-S 1.68000% 15-26.02.25 | 100 000.00 | 115 484.85 | 0.20 |
| EUR	CREDIT AGRICOLE SA LONDON-REG-S 1.37500% 18-13.03.25 | 100 000.00 | 115 435.83 | 0.20 |
| EUR	DANSKE BANK AS-REG-S 1.37500% 19-24.05.22 | 100 000.00 | 112 304.56 | 0.19 |
| EUR	DEUTSCHE BANK AG-REG-S 1.12500% 18-30.08.23 | 40 000.00 | 44 954.26 | 0.08 |
| EUR	DEUTSCHE BANK AG-REG-S 1.62500% 19-12.02.21 | 100 000.00 | 110 230.12 | 0.19 |
| EUR	FORD MOTOR CREDIT CO LLC 3.02100% 19-06.03.24 | 100 000.00 | 114 554.95 | 0.20 |
| EUR	GALP GAS NATURAL DISTRIBUICAO SA-REG-S 1.37500% 16-19.09.23 | 100 000.00 | 113 966.67 | 0.20 |
| EUR	GLOBALWORTH REAL ESTATE INVEST-REG-S 3.00000% 18-29.03.25 | 100 000.00 | 118 934.00 | 0.21 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 2.00000% 15-27.07.23 | 190 000.00 | 221 074.24 | 0.38 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 1.62500% 16-27.07.26 | 80 000.00 | 93 395.26 | 0.16 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 2.00000% 18-01.11.28 | 40 000.00 | 48 322.90 | 0.08 |
| EUR	ING GROEP NV-REG-S 1.12500% 18-14.02.25 | 100 000.00 | 114 035.57 | 0.20 |
| EUR	ITALGAS SPA-REG-S 1.62500% 17-19.01.27 | 100 000.00 | 118 959.35 | 0.21 |
| EUR	NET4GAS SRO-REG-S 2.50000% 14-28.07.21 | 100 000.00 | 113 536.70 | 0.20 |
| EUR	PETROLEOS MEXICANOS-REG-S 3.75000% 17-21.02.24 | 100 000.00 | 113 142.32 | 0.20 |
| EUR	REDEXIS GAS FINANCE BV-REG-S 1.87500% 15-27.04.27 | 100 000.00 | 112 777.26 | 0.19 |
| EUR	SCHAEFFLER AG-REG-S 2.87500% 19-26.03.27 | 25 000.00 | 29 980.97 | 0.05 |
| EUR	VOLKSWAGEN FINANCIAL SERVICES AG-REG-S 1.50000% 19-01.10.24 | 30 000.00 | 33 972.90 | 0.06 |
| EUR	VOLKSWAGEN LEASING GMBH-REG-S 1.00000% 18-16.02.23 | 35 000.00 | 38 915.56 | 0.07 |
| EUR	VOLKSWAGEN LEASING GMBH-REG-S 1.62500% 18-15.08.25 | 45 000.00 | 51 271.07 | 0.09 |
| Total EUR |  | 3 134 300.68 | 5.46 |
| GBP |  |  |  |
| GBP	AA BOND CO LTD-REG-S 2.87500% 16-31.01.22 | 140 000.00 | 165 904.75 | 0.29 |
| GBP	ANGLIAN WATER SERVICES FINANCING-REG-S 4.50000% 13-22.02.26 | 100 000.00 | 137 728.70 | 0.24 |
| GBP	PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 4.12500% 17-20.07.22 | 100 000.00 | 128 508.92 | 0.22 |
| GBP	THAMES WATER UTILITIES FINANCE PLC 5.12500% 06-28.09.37 | 65 000.00 | 109 406.38 | 0.19 |
| Total GBP |  | 541 548.75 | 0.94 |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 3.87500% 15-01.08.25 | 320 000.00 | 344 897.28 | 0.60 |
| USD	GENERAL ELECTRIC CO 4.37500% 10-16.09.20 | 30 000.00 | 30 518.20 | 0.05 |
| USD	HENKEL AG & CO KGAA-REG-S 2.00000% 17-12.06.20 | 60 000.00 | 59 949.96 | 0.11 |
| USD	MIRVAC GROUP FINANCE LTD-REG-S 3.62500% 17-18.03.27 | 200 000.00 | 204 876.42 | 0.36 |
| USD	MORGAN STANLEY 4.00000% 15-23.07.25 | 60 000.00 | 64 726.74 | 0.11 |
| USD	MORGAN STANLEY-SUB 4.35000% 14-08.09.26 | 50 000.00 | 54 146.27 | 0.09 |
| USD	PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 5.37500% 17-06.07.27 | 200 000.00 | 205 500.00 | 0.36 |
| USD	WALT DISNEY CO/THE 1.85000% 16-30.07.26 | 10 000.00 | 9 864.64 | 0.02 |
| USD	WELLS FARGO & CO 2.62500% 17-22.07.22 | 70 000.00 | 70 777.17 | 0.12 |
| Total USD |  | 1 045 256.68 | 1.82 |
| Total Medium-Term Notes, fester Zins |  | 4 884 394.56 | 8.50 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Jahresbericht per 30. September 2019
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Medium-Term Notes, variabler Zins |  |  |  |
| EUR |  |  |  |
| EUR	AXA SA-REG-S-SUB 3.250%/VAR 18-28.05.49 | 100 000.00 | 123 347.31 | 0.22 |
| EUR	BARCLAYS PLC-REG-S-SUB 2.625%/VAR 15-11.11.25 | 140 000.00 | 154 486.40 | 0.27 |
| EUR	COMMONWEALTH BK OF AUSTRLIA-REG-S-SUB 1.936%/VAR 17-03.10.29 | 100 000.00 | 113 524.71 | 0.20 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 100 000.00 | 115 697.48 | 0.20 |
| EUR	NATIONWIDE BUILDING SOCIETY-REG-S-SUB 2.000%/VAR 17-25.07.29 | 100 000.00 | 110 739.25 | 0.19 |
| EUR	UBS AG-REG-S-SUB 4.750%/VAR 14-12.02.26 | 100 000.00 | 115 402.25 | 0.20 |
| Total EUR |  | 733 197.40 | 1.28 |
| GBP |  |  |  |
| GBP	AVIVA PLC-REG-S-SUB 5.125%VAR 15-04.06.50 | 100 000.00 | 139 729.43 | 0.24 |
| GBP	BARCLAYS PLC-REG-S 2.375%/VAR 17-06.10.23 | 100 000.00 | 124 260.21 | 0.22 |
| GBP	CYBG PLC-REG-S 3.375%/VAR 18-24.04.26 | 100 000.00 | 120 536.19 | 0.21 |
| GBP	PRUDENTIAL PLC-REG-S-SUB 5.000%/VAR 15-20.07.55 | 100 000.00 | 140 851.15 | 0.24 |
| GBP	YORKSHIRE WATER SERVICES FIN-REG-S 3.750%/VAR 10-22.03.46 | 110 000.00 | 141 891.03 | 0.25 |
| Total GBP |  | 667 268.01 | 1.16 |
| USD |  |  |  |
| USD	DBS GROUP HOLDINGS LTD-REG-S-SUB 3.600%/VAR 16-PRP | 200 000.00 | 200 194.00 | 0.35 |
| Total USD |  | 200 194.00 | 0.35 |
| Total Medium-Term Notes, variabler Zins |  | 1 600 659.41 | 2.79 |
| Anleihen, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	ADO PROPERTIES SA-REG-S 1.50000% 17-26.07.24 | 100 000.00 | 109 179.82 | 0.19 |
| EUR	ALLERGAN FUNDING SCS 2.12500% 17-01.06.29 | 100 000.00 | 120 041.92 | 0.21 |
| EUR	BUZZI UNICEM SPA-REG-S 2.12500% 16-28.04.23 | 100 000.00 | 115 123.82 | 0.20 |
| EUR	CDP RETI SPA-REG-S 1.87500% 15-29.05.22 | 100 000.00 | 112 188.56 | 0.19 |
| EUR	CHUBB INA HOLDINGS INC 2.50000% 18-15.03.38 | 100 000.00 | 133 249.91 | 0.23 |
| EUR	CIE GEN ETABLISSEMENTS MICHELIN-REG-S 2.50000% 18-03.09.38 | 100 000.00 | 141 892.14 | 0.25 |
| EUR	FCC AQUALIA SA-REG-S 2.62900% 17-08.06.27 | 100 000.00 | 118 997.08 | 0.21 |
| EUR	GENERAL ELECTRIC CO 2.12500% 17-17.05.37 | 190 000.00 | 212 415.88 | 0.37 |
| EUR	ITALY, REPUBLIC OF-BTP 1.35000% 15-15.04.22 | 90 000.00 | 101 784.47 | 0.18 |
| EUR	LIBERTY MUTUAL GROUP INC-REG-S 2.75000% 16-04.05.26 | 130 000.00 | 159 842.97 | 0.28 |
| EUR	MYLAN NV-REG-S 3.12500% 16-22.11.28 | 100 000.00 | 123 084.46 | 0.21 |
| EUR	PETROLEOS MEXICANOS-REG-S 5.50000% 05-24.02.25 | 20 000.00 | 24 447.74 | 0.04 |
| EUR	RESA SA/BELGIUM-REG-S 1.00000% 16-22.07.26 | 100 000.00 | 113 369.61 | 0.20 |
| EUR	TAURON POLSKA ENERGIA SA-REG-S 2.37500% 17-05.07.27 | 100 000.00 | 116 157.54 | 0.20 |
| EUR	TDF INFRASTRUCTURE SAS 2.87500% 15-19.10.22 | 100 000.00 | 115 790.14 | 0.20 |
| EUR	TEVA PHARMACEUTICAL FINANCE II BV-REG-S 1.12500% 16-15.10.24 | 140 000.00 | 114 013.11 | 0.20 |
| EUR	TRANSPORT ET INFRASTRUCTURES GAZ-REG-S 2.20000% 15-05.08.25 | 100 000.00 | 120 259.09 | 0.21 |
| EUR	VERIZON COMMUNICATIONS INC 2.87500% 17-15.01.38 | 105 000.00 | 141 742.57 | 0.25 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 1.12500% 17-02.10.23 | 100 000.00 | 111 961.36 | 0.19 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 4.12500% 18-16.11.38 | 100 000.00 | 142 367.04 | 0.25 |
| EUR	VVO-YHTYMA OYJ-REG-S 1.62500% 16-17.10.23 | 100 000.00 | 113 511.80 | 0.20 |
| Total EUR |  | 2 561 421.03 | 4.46 |
| GBP |  |  |  |
| GBP	BARCLAYS BANK PLC-SUB 9.50000% 96-07.08.21 | 55 000.00 | 77 146.00 | 0.14 |
| GBP	TESCO PROPERTY FINANCE 4 PLC 5.80060% 11-13.10.40 | 180 000.00 | 283 387.72 | 0.49 |
| Total GBP |  | 360 533.72 | 0.63 |
| USD |  |  |  |
| USD	AMERICAN AIRLINES PASS THROUGH TRUST 4.37500% 14-01.10.22 | 50 000.00 | 31 155.55 | 0.06 |
| USD	BALTIMORE GAS & ELECTRIC CO 3.50000% 16-15.08.46 | 35 000.00 | 36 340.25 | 0.06 |
| USD	CITIGROUP INC 3.87500% 13-25.10.23 | 180 000.00 | 190 596.15 | 0.33 |
| USD	CONSUMERS ENERGY COMPANY 3.25000% 16-15.08.46 | 20 000.00 | 20 461.34 | 0.04 |
| USD	GOLDMAN SACHS GROUP INC-SUB 5.15000% 15-22.05.45 | 45 000.00 | 53 406.04 | 0.09 |
| USD	KROGER CO 3.70000% 17-01.08.27 | 60 000.00 | 63 396.93 | 0.11 |
| USD	MEXICO CITY AIRPORT TRUST-REG-S 5.50000% 17-31.07.47 | 200 000.00 | 198 600.00 | 0.35 |
| USD	MICROSOFT CORP 2.40000% 16-08.08.26 | 30 000.00 | 30 553.64 | 0.05 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 2.66500% 17-25.07.22 | 40 000.00 | 40 303.20 | 0.07 |
| USD	NATL RURAL UTIL COOPERATIVE FIN CORP 3.70000% 19-15.03.29 | 25 000.00 | 27 630.81 | 0.05 |
| USD	REYNOLDS AMERICAN INC 4.45000% 15-12.06.25 | 40 000.00 | 42 662.01 | 0.08 |
| USD	SHELL INTERNATIONAL FINANCE BV 4.37500% 15-11.05.45 | 40 000.00 | 48 334.68 | 0.08 |
| USD	SOUTHERN CALIFORNIA EDISON CO 4.00000% 17-01.04.47 | 45 000.00 | 48 259.03 | 0.08 |
| USD	SOUTHERN CALIFORNIA EDISON CO 2.85000% 19-01.08.29 | 45 000.00 | 45 392.73 | 0.08 |
| USD	SUNCOR ENERGY INC 6.50000% 07-15.06.38 | 55 000.00 | 75 736.59 | 0.13 |
| USD	VERIZON COMMUNICATIONS INC 5.25000% 17-16.03.37 | 20 000.00 | 24 761.24 | 0.04 |
| USD	VERIZON COMMUNICATIONS INC 5.50000% 17-16.03.47 | 90 000.00 | 118 783.66 | 0.21 |
| Total USD |  | 1 096 373.85 | 1.91 |
| Total Anleihen, fester Zins |  | 4 018 328.60 | 7.00 |
| Anleihen, variabler Zins |  |  |  |
| EUR |  |  |  |
| EUR	AG INSURANCE SA/NV-REG-S-SUB 3.500%/VAR 15-30.06.47 | 100 000.00 | 122 172.17 | 0.21 |
| EUR	ATF NETHERLANDS BV-REG-S-SUB 3.750%/VAR 16-PRP | 100 000.00 | 115 247.22 | 0.20 |
| EUR	CREDIT LOGEMENT SA-SUB 4.60400%/3M EURIBOR+115BP 06-PRP | 100 000.00 | 86 097.24 | 0.15 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 4.000%/VAR 18-PRP | 100 000.00 | 117 325.14 | 0.21 |
| EUR	ORSTED A/S-REG-S-SUB 3.000%/VAR 15-06.11.3015 | 20 000.00 | 22 313.52 | 0.04 |
| EUR	RABOBANK NEDERLAND NV REG-S 5.500%/VAR 15-PRP | 200 000.00 | 224 446.01 | 0.39 |
| EUR	SWISS LIFE AG VIA DEMETER INV BV-SUB 4.375%/VAR 15-PRP | 100 000.00 | 124 145.13 | 0.22 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.875%/VAR 18-PRP | 100 000.00 | 115 421.65 | 0.20 |
| EUR	VOLKSWAGEN INTL FINANCE NV-REG-S-SUB 3.375%/VAR 18-PRP | 100 000.00 | 114 295.99 | 0.20 |
| EUR	VONOVIA FINANCE BV-REG-S-SUB 4.000%/VAR 14-PRP | 100 000.00 | 117 014.43 | 0.20 |
| Total EUR |  | 1 158 478.50 | 2.02 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Jahresbericht per 30. September 2019
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| GBP |  |  |  |  |
| GBP | BUPA FINANCE PLC 6.125%/VAR 04-PRP | 20 000.00 | 25 545.33 | 0.05 |
| GBP | HSBC BANK CAPITAL FUNDING STERLING-SUB 5.86200%/VAR 04-PRP | 20 000.00 | 25 101.01 | 0.04 |
| GBP | PRUDENTIAL PLC-REG-S-SUB 5.625%/VAR 18-20.10.51 | 175 000.00 | 246 829.38 | 0.43 |
| GBP | SSE PLC-REG-S-SUB 3.875%/VAR 15-PRP | 120 000.00 | 148 985.07 | 0.26 |
| Total GBP |  |  | 446 460.79 | 0.78 |
| USD |  |  |  |  |
| USD | SCOR SE-REG-S-SUB 5.250%/VAR 18-PRP | 200 000.00 | 194 500.00 | 0.34 |
| USD | WESTPAC BANKING CORP-SUB 5.000%/VAR 17-PRP | 90 000.00 | 87 920.10 | 0.15 |
| Total USD |  |  | 282 420.10 | 0.49 |
| Total Anleihen, variabler Zins | 1 887 359.39 | 3.29 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 19 194 926.40 | 33.43 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Treasury-Bills, Nullcoupon |  |  |
| USD |  |  |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 16.05.19-14.11.19	11 000 000.00 | 10 976 065.54 | 19.11 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 30.05.19-29.11.19	13 700 000.00 | 13 659 304.29 | 23.79 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 12.09.19-12.03.20	2 400 000.00 | 2 380 521.50 | 4.15 |
| Total USD | 27 015 891.33 | 47.05 |
| Total Treasury-Bills, Nullcoupon | 27 015 891.33 | 47.05 |
| Notes, fester Zins |  |  |
| CAD |  |  |
| CAD	ROYAL BANK OF CANADA 1.65000% 16-15.07.21	145 000.00 | 108 694.14 | 0.19 |
| CAD	TELUS CORP 3.75000% 14-17.01.25	30 000.00 | 23 882.18 | 0.04 |
| CAD	TORONTO-DOMINION BANK 2.04500% 16-08.03.21	100 000.00 | 75 518.12 | 0.13 |
| Total CAD | 208 094.44 | 0.36 |
| USD |  |  |
| USD	ABB FINANCE USA INC 2.87500% 12-08.05.22	45 000.00 | 45 986.14 | 0.08 |
| USD	ABBVIE INC 4.40000% 13-06.11.42	40 000.00 | 41 254.30 | 0.07 |
| USD	ALTRIA GROUP INC 4.25000% 12-09.08.42	100 000.00 | 96 791.20 | 0.17 |
| USD	AMAZON.COM INC 2.80000% 18-22.08.24	110 000.00 | 114 381.63 | 0.20 |
| USD	APACHE CORP 4.25000% 12-15.01.44	80 000.00 | 71 240.89 | 0.12 |
| USD	BROADCOM CORP/CAYMAN FIN LTD 3.62500% 18-15.01.24	90 000.00 | 92 034.90 | 0.16 |
| USD	BURLINGTON NORTHERN SANTA FE LLC 5.40000% 11-01.06.41	35 000.00 | 45 508.70 | 0.08 |
| USD	CAPITAL ONE FINANCIAL CORP 3.20000% 15-05.02.25	90 000.00 | 92 530.98 | 0.16 |
| USD	CCO LLC/CAPITAL 5.37500% 17-01.05.47	20 000.00 | 21 791.34 | 0.04 |
| USD	CHEVRON PHILLIPS CHEMICAL CO LLC-144A 3.30000% 18-01.05.23	125 000.00 | 128 349.86 | 0.22 |
| USD	CITIGROUP INC-SUB 4.60000% 16-09.03.26	30 000.00 | 32 777.65 | 0.06 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 5.30000% 19-01.10.29	85 000.00 | 92 671.59 | 0.16 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 8.35000% 16-15.07.46	85 000.00 | 112 110.51 | 0.19 |
| USD	DIAGEO CAPITAL PLC 3.87500% 13-29.04.43	30 000.00 | 34 150.96 | 0.06 |
| USD	EATON CORP 4.15000% 13-02.11.42	40 000.00 | 44 297.93 | 0.08 |
| USD	ENERGY TRANSFER PARTNERS LP 6.00000% 18-15.06.48	45 000.00 | 53 165.04 | 0.09 |
| USD	ENLINK MIDSTREAM PARTNERS LP 4.40000% 14-01.04.24	50 000.00 | 48 152.50 | 0.08 |
| USD	ENTERPRISE PRODUCTS OPERATING LLC 4.85000% 13-15.03.44	40 000.00 | 45 923.09 | 0.08 |
| USD	ERAC USA FINANCE LLC-144A 5.62500% 12-15.03.42	30 000.00 | 38 014.59 | 0.07 |
| USD	FREEPORT-MCMORAN INC 3.87500% 13-15.03.23	65 000.00 | 65 487.50 | 0.11 |
| USD	GENERAL ELECTRIC CO 4.12500% 12-09.10.42	20 000.00 | 20 012.52 | 0.03 |
| USD	GENERAL MOTORS FINANCIAL CO 4.35000% 18-09.04.25	105 000.00 | 109 373.00 | 0.19 |
| USD	GILEAD SCIENCES INC 4.80000% 14-01.04.44	30 000.00 | 35 878.84 | 0.06 |
| USD	GLENCORE FUNDING LLC-144A 4.87500% 19-12.03.29	50 000.00 | 54 029.07 | 0.09 |
| USD	HARTFORD FINANCIAL SERVICES GROUP INC 4.30000% 13-15.04.43	40 000.00 | 44 407.86 | 0.08 |
| USD	HARTFORD FINANCIAL SERVICES GROUP INC 4.40000% 18-15.03.48	55 000.00 | 63 136.37 | 0.11 |
| USD	HOME DEPOT INC/THE 4.87500% 13-15.02.44	30 000.00 | 38 673.49 | 0.07 |
| USD	JPMORGAN CHASE & CO-SUB 3.62500% 16-01.12.27	75 000.00 | 78 959.87 | 0.14 |
| USD	KINDER MORGAN INC-144A 5.62500% 13-15.11.23	40 000.00 | 44 389.91 | 0.08 |
| USD	KRAFT HEINZ FOODS CO-144A 4.87500% 15-15.02.25	28 000.00 | 28 825.35 | 0.05 |
| USD	KROGER CO 4.65000% 17-15.01.48	10 000.00 | 10 701.67 | 0.02 |
| USD	LIBERTY MUTUAL GROUP INC-144A 4.56900% 19-01.02.29	50 000.00 | 55 789.46 | 0.10 |
| USD	MERCK & CO INC 3.70000% 15-10.02.45	15 000.00 | 16 916.69 | 0.03 |
| USD	MICROSOFT CORP 3.50000% 12-15.11.42	35 000.00 | 38 501.43 | 0.07 |
| USD	MORGAN STANLEY 6.37500% 12-24.07.42	30 000.00 | 43 547.28 | 0.08 |
| USD	MOTIVA ENTERPRISES LLC-144A 6.85000% 10-15.01.40	30 000.00 | 36 948.66 | 0.06 |
| USD	MPLX LP-144A 4.25000% 19-01.12.27	20 000.00 | 21 159.81 | 0.04 |
| USD	NBC UNIVERSAL INC 4.37500% 11-01.04.21	100 000.00 | 103 529.47 | 0.18 |
| USD	ONCOR ELECTRIC DELIVERY CO 3.70000% 19-15.11.28	30 000.00 | 33 033.59 | 0.06 |
| USD	ORIGIN ENERGY FINANCE LTD-REG-S 5.45000% 11-14.10.21	40 000.00 | 42 161.20 | 0.07 |
| USD	PHILLIPS 66 PARTNERS LP 4.68000% 15-15.02.45	25 000.00 | 26 822.77 | 0.05 |
| USD	PPL CAPITAL FUNDING INC 4.70000% 13-01.06.43	85 000.00 | 95 773.15 | 0.17 |
| USD	SCHLUMBERGER HOLDINGS CORP-144A 3.00000% 15-21.12.20	50 000.00 | 50 423.48 | 0.09 |
| USD	SOUTHWESTERN ELECTRIC POWER 6.20000% 10-15.03.40	75 000.00 | 100 924.35 | 0.17 |
| USD	SWISS RE TREASURY (US) CORP-144A 4.25000% 12-06.12.42	40 000.00 | 45 927.82 | 0.08 |
| USD	TEACHERS INSURANCE&ANNUITY ASS-144A-SUB 4.90000% 14-15.09.44	35 000.00 | 43 511.21 | 0.08 |
| USD	TEVA PHARMACEUTICAL FINANCE IV LLC 3.65000% 11-10.11.21	20 000.00 | 18 475.00 | 0.03 |
| USD	UNITD AIRLNS 2016-1 CL B PAS THRUGH TRT 3.65000% 17-07.01.26	50 000.00 | 44 278.75 | 0.08 |
| USD	VIRGINIA ELECTRIC & POWER CO 4.00000% 16-15.11.46	30 000.00 | 33 517.30 | 0.06 |
| USD	WALT DISNEY CO-144A 6.20000% 19-15.12.34	85 000.00 | 120 919.06 | 0.21 |
| USD	XCEL ENERGY INC 4.80000% 11-15.09.41	120 000.00 | 139 068.74 | 0.24 |
| Total USD | 2 956 238.47 | 5.15 |
| Total Notes, fester Zins | 3 164 332.91 | 5.51 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Jahresbericht per 30. September 2019
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	JPMORGAN CHASE & CO 2.739%/VAR 19-15.10.30 | 110 000.00 | 109 227.34 | 0.19 |
| USD	LLOYDS BANKING GROUP PLC 3.574%/3M LIBOR+120.5BP 17-07.11.28 | 210 000.00 | 214 292.19 | 0.37 |
| Total USD |  | 323 519.53 | 0.56 |
| Total Notes, variabler Zins |  | 323 519.53 | 0.56 |
| Medium-Term Notes, fester Zins |  |  |  |
| AUD |  |  |  |
| AUD	AUSGRID FINANCE PTY LTD-REG-S 3.75000% 17-30.10.24 | 50 000.00 | 36 650.29 | 0.06 |
| Total AUD |  | 36 650.29 | 0.06 |
| CAD |  |  |  |
| CAD	BELL CANADA 4.75000% 14-29.09.44 | 25 000.00 | 21 885.38 | 0.04 |
| CAD	SUNCOR ENERGY INC 3.00000% 16-14.09.26 | 40 000.00 | 31 016.01 | 0.05 |
| Total CAD |  | 52 901.39 | 0.09 |
| Total Medium-Term Notes, fester Zins |  | 89 551.68 | 0.15 |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AT&T INC 3.00000% 12-15.02.22 | 50 000.00 | 51 021.90 | 0.09 |
| USD	COMCAST CORP 4.75000% 14-01.03.44 | 20 000.00 | 24 282.40 | 0.04 |
| USD	DUKE ENERGY CAROLINAS LLC 4.00000% 12-30.09.42 | 50 000.00 | 55 948.19 | 0.10 |
| USD	MONONGAHELA POWER CO-144A 5.40000% 13-15.12.43 | 35 000.00 | 46 923.28 | 0.08 |
| USD	PACIFICORP 6.00000% 09-15.01.39 | 60 000.00 | 84 106.31 | 0.15 |
| USD	PHILLIPS 66 4.65000% 14-15.11.34 | 30 000.00 | 34 643.07 | 0.06 |
| USD	TIME WARNER CABLE LLC 4.50000% 12-15.09.42 | 35 000.00 | 34 441.67 | 0.06 |
| Total USD |  | 331 366.82 | 0.58 |
| Total Anleihen, fester Zins |  | 331 366.82 | 0.58 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  | 30 924 662.27 | 53.85 |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
| Irland |  |
| --- | --- |
| USD | ISHARES III PLC - ISHARES CAP EM MKT LOC GOV BD USD UCITS ET | 44 100.00 | 2 614 689.00 | 4.56 |
| Total Irland |  | 2 614 689.00 | 4.56 |
| Luxemburg |  |  |  |
| USD	X-TRACKERS HARVEST CSI300 INDEX UCITS ETF-EUR-1D-DISTR	229 | 200.00 | 2 436 396.00 | 4.24 |
| Total Luxemburg |  | 2 436 396.00 | 4.24 |
| Total Investment Fonds, open end |  | 5 051 085.00 | 8.80 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 |  | 5 051 085.00 | 8.80 |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden Optionen auf Anleihe-Futures, klassisch |  |  |  |
| USD |  |  |  |
| USD	US 10YR TREASURY NOTE FUTURE CALL 133.00000 NOV19 25.10.19 | 24.00 | 1 875.00 | 0.00 |
| Total USD |  | 1 875.00 | 0.00 |
| Total Optionen auf Anleihe-Futures, klassisch |  | 1 875.00 | 0.00 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | 1 875.00 | 0.00 |

Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Optionen auf weitere Swaps, klassisch
| EUR |  |
| --- | --- |
| EUR | ML/ITRX.SNR FIN S31 SWAPTION PUT 65.00000% 20.11.19 | 1 000 000.00 | 1 955.60 | 0.00 |
| Total EUR | 1 955.60 | 0.00 |
| Total Optionen auf weitere Swaps, klassisch | 1 955.60 | 0.00 |
| Total Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden | 1 955.60 | 0.00 |
| Total des Wertpapierbestandes | 55 174 504.27 | 96.08 |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Jahresbericht per 30. September 2019
| Bezeichnung | Anzahl/ Nominal | Bewertung in USD NR Kursgewinn (-verlust) auf Futures/ Devisentermin- kontrakten/ Swaps (Erl. 1) | in % des Netto- vermögens |
| --- | --- | --- | --- |
| Derivative Instrumente |  |  |  |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Finanzterminkontrakte auf Anleihen |  |  |  |
|  |  |  |  |
| EUR	EURO-BUND FUTURE 06.12.19 | -32.00 | 63 046.27 | 0.11 |
| GBP	LONG GILT FUTURE 27.12.19 | -12.00 | -12 224.42 | -0.02 |
| USD	US 10YR TREASURY NOTE FUTURE 19.12.19 | -3.00 | 2 484.38 | 0.01 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 19.12.19 | -13.00 | 88 390.63 | 0.15 |
| USD	US 5YR TREASURY NOTE FUTURE 31.12.19 | 21.00 | -20 507.80 | -0.04 |
| CAD	CANADA 10YR BOND FUTURE 18.12.19 | 5.00 | -4 607.25 | -0.01 |
| Total Finanzterminkontrakte auf Anleihen |  | 116 581.81 | 0.20 |
| Finanzterminkontrakte auf Indizes |  |  |  |
|  |  |  |  |
| EUR	EURO STOXX 50 INDEX FUTURE 20.12.19 | 6.00 | 3 466.84 | 0.01 |
| EUR	DAX INDEX FUTURE 20.12.19 | 2.00 | 3 325.11 | 0.01 |
| CHF	SWISS MARKET INDEX FUTURE 20.12.19 | 4.00 | 5 054.41 | 0.01 |
| EUR	CAC 40 INDEX FUTURE 18.10.19 | -37.00 | -34 286.79 | -0.06 |
| GBP	FTSE 100 INDEX FUTURE 20.12.19 | -8.00 | -10 647.07 | -0.02 |
| GBP	FTSE 250 INDEX FUTURE 20.12.19 | 43.00 | -1 247.09 | 0.00 |
| EUR	FTSE/MIB INDEX FUTURE 20.12.19 | 8.00 | 10 291.49 | 0.02 |
| USD	S&P500 EMINI FUTURE 20.12.19 | 17.00 | -25 755.00 | -0.05 |
| JPY	TOPIX INDX FUTURE 12.12.19 | 32.00 | 186 389.08 | 0.32 |
| USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 20.12.19 | -20.00 | 25 100.00 | 0.04 |
| AUD	SPI 200 INDEX FUTURE 19.12.19 | 4.00 | 1 214.01 | 0.00 |
| CAD	S&P/TSX 60 INDEX FUTURE 19.12.19 | 2.00 | 6.04 | 0.00 |
| Total Finanzterminkontrakte auf Indizes |  | 162 911.03 | 0.28 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | 279 492.84 | 0.48 |

Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Credit-Default-Swaps*
| USD | ICE/CDX.NA.IG.33-V1 CDI PAYER 1.00000% 19-20.12.24 | -12 500 000.00 | -252 319.44 | -0.44 |
| --- | --- | --- | --- | --- |
| EUR | ICE/ITRX.EUROPE.32-V1 CDI PAYER 1.00000% 19-20.12.24 | -6 100 000.00 | -157 015.39 | -0.27 |
| USD | JP MORGAN/TCKBCN CREDIT DEFAULT SWAP REC 1.00000% 14-20.03.20 | 10 000.00 | 43.33 | 0.00 |
| USD | BARCLAYS/TCKBCN CREDIT DEFAULT SWAP REC 1.00000% 15-20.09.20 | 630 000.00 | 5 412.51 | 0.01 |
| EUR | ICE/ITRX.XOVER.32-V1 CDI REC 5.00000% 19-20.12.24 | 520 000.00 | 74 115.77 | 0.13 |
| USD | ICE/CDX.NA.HY.33-V1 CDI REC 5.00000% 19-20.12.24 | 1 500 000.00 | 102 907.17 | 0.18 |
| Total Credit-Default-Swaps | -226 856.05 | -0.39 |
| Total Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden | -226 856.05 | -0.39 |
| Total Derivative Instrumente | 52 636.79 | 0.09 |
| Devisenterminkontrakte |  |  |
| Devisenterminkontrakte (Kauf/Verkauf) |  |  |

| MYR | 3 544 000.00 | USD | 848 659.00 | 17.10.2019 | -2 847.90 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| COP | 11 859 088 000.00 | USD | 3 506 842.12 | 17.10.2019 | -99 788.74 | -0.17 |
| BRL | 7 180 000.00 | USD | 1 760 831.07 | 17.10.2019 | -38 982.50 | -0.07 |
| USD | 1 736 414.84 | HUF | 524 050 000.00 | 17.10.2019 | 29 299.49 | 0.05 |
| JPY | 553 600 000.00 | USD | 5 144 044.39 | 17.10.2019 | -16 254.41 | -0.03 |
| MXN | 70 240 000.00 | USD | 3 589 020.38 | 17.10.2019 | -40 973.00 | -0.07 |
| USD | 378 036.37 | JPY | 40 700 000.00 | 17.10.2019 | 1 047.47 | 0.00 |
| USD | 557 978.01 | HKD | 4 365 000.00 | 17.10.2019 | 1 022.45 | 0.00 |
| USD | 2 339 757.60 | AUD | 3 400 000.00 | 17.10.2019 | 45 311.63 | 0.08 |
| USD | 360 413.16 | GBP | 290 000.00 | 17.10.2019 | 2 814.63 | 0.01 |
| USD | 3 827 847.26 | CHF | 3 775 000.00 | 17.10.2019 | 37 024.70 | 0.06 |
| USD | 3 641 884.91 | NZD | 5 685 000.00 | 17.10.2019 | 75 842.90 | 0.13 |
| NOK | 16 230 000.00 | USD | 1 813 442.87 | 17.10.2019 | -26 647.71 | -0.05 |
| USD | 3 666 125.32 | THB | 111 290 000.00 | 17.10.2019 | 26 477.02 | 0.05 |
| USD | 3 975 362.59 | CAD | 5 255 000.00 | 17.10.2019 | 5 353.54 | 0.01 |
| USD | 5 976 779.63 | EUR | 5 375 000.00 | 17.10.2019 | 109 897.32 | 0.19 |
| SEK | 33 230 000.00 | USD | 3 471 142.82 | 17.10.2019 | -87 878.44 | -0.15 |
| NOK | 15 594 004.98 | CAD | 2 305 000.00 | 17.10.2019 | -24 581.41 | -0.04 |
| EUR | 445 000.00 | USD | 490 009.53 | 17.10.2019 | -4 286.25 | -0.01 |
| EUR | 13 925 800.00 | USD | 15 274 583.36 | 31.10.2019 | -56 495.71 | -0.10 |
| CHF | 18 913 800.00 | USD | 19 092 891.32 | 31.10.2019 | -75 288.29 | -0.13 |
| JPY | 38 300 000.00 | USD | 354 721.92 | 17.10.2019 | 36.67 | 0.00 |
| Total Devisenterminkontrakte (Kauf/Verkauf) | -139 896.54 | -0.24 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 2 999 149.41 | 5.22 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -873 001.11 | -1.52 |
| Andere Aktiva und Passiva | 211 618.12 | 0.37 |
| Total des Nettovermögens | 57 425 010.94 | 100.00 |
| * Nominal positiv: der Subfonds ist «Receiver of protection», Nominal negativ: der Subfonds ist «Seller of protection». |  |  |

UBS (Lux) Key Selection SICAV – Dynamic Alpha (USD) Jahresbericht per 30. September 2019