令和 3 年 12 月期 中間決算短信（令和 3 年 1 月 1 日～令和 3 年 6 月 30 日）
Interim Earnings Report for Fiscal Year ending December 2021 (January 1, 2021 – June 30, 2021)
令和 3 年 9 月 28 日
September 28, 2021
コード 上場取引所 売買単位 主要投資資産
連動対象指標
ファンド名(Fund name) 番号 (Listed (Trading (Primary
(Underlying indicator)
(Code) Exchange) unit) invested assets)
UBS ETF ユーロ圏大型株 50 ユーロ・ストックス 50®インデッ
（ユーロ・ストックス 50） クス（ネットリターン）
1385 東 1口 株式
UBS ETF EURO STOXX 50
UCITS ETF-JDR
UBS ETF 欧州株（MSCI ヨー MSCI ヨーロッパ・インデックス
ロッパ） （ネットリターン）
1386 東 1口 株式
UBS ETF MSCI Europe
UCITS ETF-JDR
UBS ETF ユーロ圏株（MSCI MSCI EMU インデックス（ネット
EMU） リターン）
1387 東 1口 株式
UBS ETF MSCI EMU UCITS
ETF-JDR
UBS ETF ユ ー ロ 圏 小 型 株 MSCI EMU 小 型 株 イ ン デッ ク ス
（MSCI EMU 小型株） （ネットリターン）
1388 東 1口 株式
UBS ETF MSCI EMU Small
Cap UCITS ETF-JDR
UBS ETF 英 国 大 型 株 100 FTSE 100 インデックス（トータ
（FTSE 100） ルリターン）
1389 東 1口 株式
UBS ETF FTSE 100 UCITS
ETF-JDR
UBS ETF MSCI アジア太平 MSCI パシフィック（除く日本）
洋株（除く日本） インデックス（ネットリターン）
1390 東 1口 株式
UBS ETF MSCI Pacific (ex
Japan) UCITS ETF-JDR
UBS ETF スイス株（MSCI ス MSCI スイス 20/35 インデックス
イス 20/35）
1391 東 1口 株式
UBS ETF MSCI Switzerland
20/35 UCITS ETF-JDR
UBS ETF 英国株（MSCI 英 MSCI 英国インデックス（ネット
国） リターン）
1392 東 1口 株式
UBS ETF MSCI United
Kingdom UCITS ETF-JDR
UBS ETF 米国株（MSCI 米 MSCI 米国インデックス（ネット
国） リターン）
1393 東 1口 株式
UBS ETF MSCI USA UCITS
ETF-JDR
UBS ETF 先進国株（MSCI ワ MSCI ワールド・インデックス
ールド） （ネットリターン）
1394 東 1口 株式
UBS ETF MSCI World UCITS
ETF-JDR
外 国 投 資 法 人 UBS（Lux）ファンド・ソリューションズ・シキャブ
代 表 者 (役職名) 取締役 (氏名) アンドレアス・ハーバーツェト
管 理 会 社 ＵＢＳファンド・マネジメント（ルクセンブルク）エス・エイ
Ｕ Ｒ Ｌ www.ubs.com/etf
代 表 者 (役職名) CEO (氏名) フランチェスカ・プリム
問合せ先責任者 (役職名) 代理人 (氏名) 大西 信治 (TEL) 03(6212)8316
Foreign Investment
UBS (Lux) Fund Solutions, SICAV
Corporation:
Representative: (Title) Member of the Board of Directors (Name) Andreas Haberzeth
Management co.: UBS Fund Management (Luxembourg) S.A.
URL: www.ubs.com/etf
Representative: (Title) Chief Executive Officer (Name) Francesca Prym
Contact person: (Title) Attorney-in-Fact (Name) Nobuharu Onishi (TEL) 03(6212)8316
半期報告書提出予定日 令和 3 年 9 月
Scheduled submission date of Semi-annual Report: September, 2021
Ⅰ ファンドの運用状況
I Fund Management
１． 令和 3 年 6 月中間期の運用状況（令和 3 年 1 月 1 日～令和 3 年 6 月 30 日）
1. Management Status for Half-Year ended June 2021 (from January 1, 2021 to June 30, 2021)
（１）信託財産である外国 ETF の資産内訳 （百万円未満切捨て）
(1) Assets of Trust Asset Foreign ETF (amounts below 1 mil. yen are discarded)
現金・預金・その他の
主要投資資産 資産（負債控除後） 合計（純資産）
Primary Invested Assets Cash/Deposits/Other Assets Total (Net Assets)
(excluding liabilities)
構成
金額 構成比 金額 構成比 金額
比
Amount ratio Amount ratio Amount
ratio
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF ユーロ圏大型株 3 年 6 月中間
50（ユーロ・ストックス 期
55,915 99.76 134 0.24 56,050 100.00
50） SAN ended June
UBS ETF EURO STOXX 2021
50 UCITS ETF-JDR 2 年 12 月期
FY ended 52,375 99.83 90 0.17 52,466 100.00
December 2020
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF 欧州株（MSCI ヨ 3 年 6 月中間
ーロッパ） 期
57,505 99.94 33 0.06 57,539 100.00
UBS ETF MSCI Europe SAN ended June
UCITS ETF-JDR 2021
2 年 12 月期
FY ended 54,651 100.05 (25) (0.05) 54,625 100.00
December 2020
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF ユ ー ロ 圏 株 3 年 6 月中間
（MSCI EMU） 期
496,052 98.43 7,890 1.57 503,943 100.00
UBS ETF MSCI EMU SAN ended June
UCITS ETF-JDR 2021
2 年 12 月期
FY ended 522,577 99.34 3,460 0.66 526,037 100.00
December 2020
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF ユーロ圏小型株 3 年 6 月中間
（MSCI EMU 小型株） 期
17,580 99.76 42 0.24 17,622 100.00
UBS ETF MSCI EMU SAN ended June
Small Cap UCITS ETF-JDR 2021
2 年 12 月期
FY ended 12,641 99.95 5 0.05 12,647 100.00
December 2020
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF 英国大型株 100 3 年 6 月中間
（FTSE 100） 期
12,785 99.03 125 0.97 12,911 100.00
UBS ETF FTSE 100 UCITS SAN ended June
ETF-JDR 2021
2 年 12 月期
FY ended 11,198 99.41 66 0.59 11,264 100.00
December 2020
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF MSCI アジア太平 3 年 6 月中間
洋株（除く日本） 期
15,192 99.45 84 0.55 15,277 100.00
UBS ETF MSCI Pacific (ex SAN ended June
Japan) UCITS ETF-JDR 2021
2 年 12 月期
FY ended 14,994 99.42 87 0.58 15,082 100.00
December 2020
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF スイス株（MSCI 3 年 6 月中間
スイス 20/35） 期
226,694 99.91 209 0.09 226,904 100.00
UBS ETF MSCI Switzerland SAN ended June
20/35 UCITS ETF-JDR 2021
2 年 12 月期
FY ended 226,765 100.04 (81) (0.04) 226,684 100.00
December 2020
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF 英国株（MSCI 英 3 年 6 月中間
国） 期
204,263 99.43 1,160 0.57 205,424 100.00
UBS ETF MSCI United SAN ended June
Kingdom UCITS ETF-JDR 2021
2 年 12 月期
FY ended 236,814 99.65 830 0.35 237,645 100.00
December 2020
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF 米国株（MSCI 米 3 年 6 月中間
国） 期
62,245 99.69 194 0.31 62,440 100.00
UBS ETF MSCI USA SAN ended June
UCITS ETF-JDR 2021
2 年 12 月期
FY ended 72,561 99.65 252 0.35 72,814 100.00
December 2020
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF 先進国株（MSCI 3 年 6 月中間
ワールド） 期
127,667 99.50 639 0.50 128,307 100.00
UBS ETF MSCI World SAN ended June
UCITS ETF-JDR 2021
2 年 12 月期
FY ended 112,709 99.67 371 0.33 113,080 100.00
December 2020
（２）信託財産である外国 ETF の設定・交換実績
(2) Creation and Redemption of Trust Asset Foreign ETF
（千口未満切捨て）
(amounts below 1 thousand shares are discarded)
前計算期間末発 当中間計算期間末
行済口数 設定口数 交換口数 発行済口数
No. of Issued Shares No. of Shares No. of Shares No. of Issued Shares at
at End of Previous Created Redeemed End of Calculation
Calculation Period (②) (③) Period
(①) (①＋②－③)
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF ユーロ圏大型株 50 3 年 6 月中間期
（ユーロ・ストックス 50） SAN ended June 11,309 450 1,324 10,435
2021
UBS ETF EURO STOXX 50
2 年 12 月期
UCITS ETF-JDR FY ended 11,277 1,416 1,384 11,309
December 2020
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF 欧州株（MSCI ヨー 3 年 6 月中間期
ロッパ） SAN ended June 5,349 177 1,038 4,488
UBS ETF MSCI Europe 2021
UCITS ETF-JDR 2 年 12 月期
FY ended 5,803 1,072 1,526 5,349
December 2020
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF ユーロ圏株（MSCI 3 年 6 月中間期
EMU） SAN ended June 6,253 213 1,841 4,625
UBS ETF MSCI EMU UCITS 2021
ETF-JDR 2 年 12 月期
FY ended 9,583 2,495 5,825 6,253
December 2020
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF ユ ー ロ 圏 小 型 株 3 年 6 月中間期
（MSCI EMU 小型株） SAN ended June 899 211 35 1,075
UBS ETF MSCI EMU Small 2021
Cap UCITS ETF-JDR 2 年 12 月期
FY ended 1,006 1,094 1,202 899
December 2020
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF 英 国 大 型 株 100 3 年 6 月中間期
（FTSE 100） SAN ended June 1,225 61 0 1,286
UBS ETF FTSE 100 UCITS 2021
ETF-JDR 2 年 12 月期
FY ended 925 299 0 1,225
December 2020
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF MSCI アジア太平洋 3 年 6 月中間期
株（除く日本） SAN ended June 2,664 141 317 2,488
UBS ETF MSCI Pacific (ex 2021
Japan) UCITS ETF-JDR 2 年 12 月期
FY ended 3,327 430 1,092 2,664
December 2020
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF スイス株（MSCI ス 3 年 6 月中間期
イス 20/35） SAN ended June 18,114 971 1,453 17,632
UBS ETF MSCI Switzerland 2021
20/35 UCITS ETF-JDR 2 年 12 月期
FY ended 6,232 13,741 1,859 18,114
December 2020
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF 英 国 株 （ MSCI 英 3 年 6 月期
国） SAN ended June 2,321 621 308 2,634
UBS ETF MSCI United 2021
Kingdom UCITS ETF-JDR 2 年 12 月期
FY ended 1,427 1,058 165 2,321
December 2020
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF 米 国 株 （ MSCI 米 3 年 6 月中間期
国） SAN ended June 1,789 41 487 1,343
UBS ETF MSCI USA UCITS 2021
ETF-JDR 2 年 12 月期
FY ended 1,926 254 391 1,789
December 2020
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF 先進国株（MSCI ワ 3 年 6 月中間期
ールド） SAN ended June 3,828 83 46 3,865
UBS ETF MSCI World UCITS 2021
ETF-JDR 2 年 12 月期
FY ended 5,055 970 2,197 3,828
December 2020
（３）信託財産である外国 ETF の基準価額
(3) Net Asset Value of Trust Asset Foreign ETF
（百万円未満切捨て）
(amounts below 1 mil. yen are discarded)
1 口当たり基準価額
((③/当中間計算期間末
（前計算期間末）発行
総資産 負債 純資産 済口数)×1)
Total Assets Liabilities Net Assets Net Asset Value per 1 unit
(①) (②) (③(①－②)) ((③/No. of Issued Shares at
End of Calculation Period
(Previous Calculation
Period))×1)
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF ユーロ圏大型株 50 3 年 6 月中間期
（ユーロ・ストックス 50） SAN ended June 56,061 11 56,050 5,370
UBS ETF EURO STOXX 50 2021
UCITS ETF-JDR 2 年 12 月期
FY ended 52,475 9 52,466 4,638
December 2020
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF 欧州株（MSCI ヨー 3 年 6 月中間期
ロッパ） SAN ended June 57,635 96 57,539 4,459
UBS ETF MSCI Europe 2021
UCITS ETF-JDR 2 年 12 月期
FY ended 54,867 241 54,625 4,600
December 2020
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF ユーロ圏株（MSCI 3 年 6 月中間期
EMU） SAN ended June 521,196 17,253 503,943 2,743
UBS ETF MSCI EMU UCITS 2021
ETF-JDR 2 年 12 月期
FY ended 528,360 2,322 526,037 2,435
December 2020
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF ユ ー ロ 圏 小 型 株 3 年 6 月中間期
（MSCI EMU 小型株） SAN ended June 17,667 44 17,622 16,378
UBS ETF MSCI EMU Small 2021
Cap UCITS ETF-JDR 2 年 12 月期
FY ended 12,666 19 12,647 14,066
December 2020
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF 英 国 大 型 株 100 3 年 6 月中間期
（FTSE 100） SAN ended June 12,918 7 12,911 10,036
UBS ETF FTSE 100 UCITS 2021
ETF-JDR 2 年 12 月期
FY ended 11,270 5 11,264 9,193
December 2020
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF MSCI アジア太平洋 3 年 6 月中間期
株（除く日本） SAN ended June 15,309 32 15,277 4,567
UBS ETF MSCI Pacific (ex 2021
Japan) UCITS ETF-JDR 2 年 12 月期
FY ended 15,617 534 15,082 4,210
December 2020
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF スイス株（MSCI ス 3 年 6 月中間期
イス 20/35） SAN ended June 227,012 108 226,904 2,793
UBS ETF MSCI Switzerland 2021
20/35 UCITS ETF-JDR 2 年 12 月期
FY ended 227,213 529 226,684 2,385
December 2020
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF 英 国 株 （ MSCI 英 3 年 6 月中間期
国） SAN ended June 205,741 317 205,424 3,211
UBS ETF MSCI United 2021
Kingdom UCITS ETF-JDR 2 年 12 月期
FY ended 237,863 218 237,645 2,990
December 2020
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF 米 国 株 （ MSCI 米 3 年 6 月中間期
国） SAN ended June 62,482 42 62,440 45,086
UBS ETF MSCI USA UCITS 2021
ETF-JDR 2 年 12 月期
FY ended 72,857 43 72,814 40,294
December 2020
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF 先進国株（MSCI ワ 3 年 6 月中間期
ールド） SAN ended June 128,395 88 128,307 33,192
UBS ETF MSCI World UCITS 2021
ETF-JDR 2 年 12 月期
FY ended 113,165 84 113,080 29,533
December 2020
（４）上場外国 ETF 信託受益証券に係る設定・交換実績
(4) Creation and Redemption of Listed Foreign ETF Trust Beneficiary Certificates (JDR)
前計算期間
末発行済口
数 当中間計算期間末発行済
設定口数 交換口数
No. of Issued 口数
No. of Units No. of Units
Units at End of No. of Issued Units at End of
Created Redeemed
Previous Calculation Period
(②) (③)
Calculation (①＋②－③)
Period
(①)
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF ユーロ圏大型株 50 3 6
年 月中間期
（ユーロ・ストックス 50） SAN ended June 109 - - 109
UBS ETF EURO STOXX 50
UCITS ETF-JDR 2021
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF 欧州株（MSCI ヨー 3 年 6 月中間期
ロッパ）
UBS ETF MSCI Europe SAN ended June 46 - - 46
2021
UCITS ETF-JDR
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF ユーロ圏株（MSCI 3 6
EMU） 年 月中間期
SAN ended June 8 - - 8
UBS ETF MSCI EMU UCITS 2021
ETF-JDR
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF ユ ー ロ 圏 小 型 株 3 6
年 月中間期
（MSCI EMU 小型株） SAN ended June 7 - - 7
UBS ETF MSCI EMU Small
Cap UCITS ETF-JDR 2021
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF 英 国 大 型 株 100 3 年 6 月中間期
（FTSE 100）
UBS ETF FTSE 100 UCITS SAN ended June 27 - -- 27
2021
ETF-JDR
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF MSCI アジア太平洋 3 6
株（除く日本） 年 月中間期
SAN ended June 33 - - 33
UBS ETF MSCI Pacific (ex 2021
Japan) UCITS ETF-JDR
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF スイス株（MSCI ス 3 6
年 月中間期
イス 20/35） SAN ended June 77 - - 77
UBS ETF MSCI Switzerland
20/35 UCITS ETF-JDR 2021
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF 英 国 株 （ MSCI 英 3 年 6 月中間期
国）
UBS ETF MSCI United SAN ended June 52 20 - 72
2021
Kingdom UCITS ETF-JDR
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF 米 国 株 （ MSCI 米 3 6
国） 年 月中間期
SAN ended June 6 - - 6
UBS ETF MSCI USA UCITS 2021
ETF-JDR
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF 先進国株（MSCI ワ 3 6
年 月中間期
ールド） SAN ended June 4 - - 4
UBS ETF MSCI World UCITS
ETF-JDR 2021
（５）上場外国 ETF 信託受益証券の分配金
(5) Dividend Payment of Listed Foreign ETF Trust Beneficiary Certificates (JDR)
1 口当たり分配金
Dividend per 1 unit
円
JPY
UBS ETF ユーロ圏大型株 50 3 年 6 月中間期
（ユーロ・ストックス 50） SAN ended June 83
UBS ETF EURO STOXX 50 2021
UCITS ETF-JDR 2 年 12 月期
FY ended 21
December 2020
円
JPY
UBS ETF 欧州株（MSCI ヨー 3 年 6 月中間期
ロッパ） SAN ended June 154
UBS ETF MSCI Europe 2021
UCITS ETF-JDR 2 年 12 月期
FY ended 49
December 2020
円
JPY
UBS ETF ユーロ圏株（MSCI 3 年 6 月中間期
EMU） SAN ended June 283
UBS ETF MSCI EMU UCITS 2021
ETF-JDR 2 年 12 月期
FY ended 71
December 2020
円
JPY
UBS ETF ユ ー ロ 圏 小 型 株 3 年 6 月中間期
（MSCI EMU 小型株） SAN ended June 210
UBS ETF MSCI EMU Small 2021
Cap UCITS ETF-JDR 2 年 12 月期
FY ended 77
December 2020
円
JPY
UBS ETF 英 国 大 型 株 100 3 年 6 月中間期
（FTSE 100） SAN ended June 188
UBS ETF FTSE 100 UCITS 2021
ETF-JDR 2 年 12 月期
FY ended 121
December 2020
円
JPY
UBS ETF MSCI アジア太平洋 3 年 6 月中間期
株（除く日本） SAN ended June 80
UBS ETF MSCI Pacific (ex 2021
Japan) UCITS ETF-JDR 2 年 12 月期
FY ended 52
December 2020
円
JPY
UBS ETF スイス株（MSCI ス 3 年 6 月中間期
イス 20/35） SAN ended June 38
UBS ETF MSCI Switzerland 2021
20/35 UCITS ETF-JDR 2 年 12 月期
FY ended 0
December 2020
円
JPY
UBS ETF 英 国 株 （ MSCI 英 3 年 6 月中間期
国） SAN ended June 52
UBS ETF MSCI United 2021
Kingdom UCITS ETF-JDR 2 年 12 月期
FY ended 33
December 2020
円
JPY
UBS ETF 米 国 株 （ MSCI 米 3 年 6 月中間期
国） SAN ended June 191
UBS ETF MSCI USA UCITS 2021
ETF-JDR 2 年 12 月期
FY ended 181
December 2020
円
JPY
UBS ETF 先進国株（MSCI ワ 3 年 6 月中間期
ールド） SAN ended June 221
UBS ETF MSCI World UCITS 2021
ETF-JDR 2 年 12 月期
FY ended 138
December 2020
※上場外国 ETF 信託受益証券に係る令和 2 年 12 月期分配金の基準日は令和 3 年 1 月 29 日であり、令和 3 年
6 月中間期分配金の基準日は令和 3 年 7 月 30 日です。
※The record date for the annual dividend for the FY ended December 2020 is January 29, 2021. The record date for the
interim dividend for the SAN ended June 2021 is July 30, 2021.
※上場外国 ETF 信託受益証券に係る令和 3 年 6 月中間期分配金支払開始日は令和 3 年 9 月 9 日です。
※Start date of dividend payment for the SAN ended June 2021 on the Listed Foreign ETF Trust Beneficiary Certificates (JDR) is
September 9, 2021.
注） アメリカ合衆国ドル（ 「米ドル」、イギリスポンド（
） 「英ポンド」、スイスフラン（
） 「スイスフラン」 ）お
よびユーロの円貨換算は、便宜上、令和 3 年 7 月 30 日現在の株式会社三菱 UFJ 銀行の対顧客電信売買
相場の仲値（1 米ドル＝109.49 円、1 英ポンド＝152.76 円、1 スイスフラン＝120.85 円、1 ユーロ＝
130.11 円）によります。
Note: Conversion from United States Dollar ("USD"), Pound Sterling (“GBP”), Swiss Franc (“CHF”) and Euro (“EUR”)
to Japanese Yen (“JPY”) is by the telegraphic transfer middle rate of MUFG Bank Ltd. as of 30 July 2021 (USD 1 =
JPY 109.49, GBP 1 = JPY 152.76, CHF 1 = JPY 120.85, EUR 1 = JPY 130.11) for convenience.
２． 信託財産である外国 ETF の会計方針の変更
2. Change in Accounting Policies of Trust Asset Foreign ETF
（１）会計基準等の改正に伴う会計方針の変更 ：無
(1)Changes accompanying revision to accounting standards, etc. ：No
（２）
（１）以外の会計方針の変更 ：無
(2)Changes other than those in (1) ：No
Semi-Annual Report 2021
Investment Company under Luxembourg Law (SICAV)
UBS (Lux) Fund Solutions (Formerly UBS ETF)
Semi-Annual Report as of 30 June 2021
(Unaudited)
UBS (Lux) Fund Solutions – EURO STOXX 50 UCITS ETF UBS (Lux) Fund Solutions – Bloomberg Barclays Euro Inflation Linked 1-10
UBS (Lux) Fund Solutions – MSCI Europe UCITS ETF UCITS ETF
UBS (Lux) Fund Solutions – MSCI EMU UCITS ETF UBS (Lux) Fund Solutions – Bloomberg Barclays Euro Inflation Linked 10+
UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF UCITS ETF
UBS (Lux) Fund Solutions – MSCI EMU Value UCITS ETF UBS (Lux) Fund Solutions – Bloomberg Barclays Euro Area Liquid
UBS (Lux) Fund Solutions – MSCI EMU Small Cap UCITS ETF Corporates UCITS ETF
UBS (Lux) Fund Solutions – Factor MSCI EMU Quality UCITS ETF UBS (Lux) Fund Solutions – Bloomberg Barclays EUR Treasury 1-10 UCITS
UBS (Lux) Fund Solutions – Factor MSCI EMU Prime Value UCITS ETF ETF
UBS (Lux) Fund Solutions – Factor MSCI EMU Low Volatility UCITS ETF UBS (Lux) Fund Solutions – SBI® Foreign AAA-BBB 1-5 UCITS ETF
UBS (Lux) Fund Solutions – FTSE 100 UCITS ETF UBS (Lux) Fund Solutions – SBI® Foreign AAA-BBB 5-10 UCITS ETF
UBS (Lux) Fund Solutions – MSCI United Kingdom UCITS ETF UBS (Lux) Fund Solutions – Bloomberg Barclays Euro Area Liquid
UBS (Lux) Fund Solutions – MSCI Japan UCITS ETF Corporates 1-5 Year UCITS ETF
UBS (Lux) Fund Solutions – MSCI Japan Socially Responsible UCITS ETF UBS (Lux) Fund Solutions – Bloomberg Barclays US Liquid Corporates 1-5
UBS (Lux) Fund Solutions – MSCI Pacific (ex Japan) UCITS ETF Year UCITS ETF
UBS (Lux) Fund Solutions – MSCI USA UCITS ETF UBS (Lux) Fund Solutions – Bloomberg Barclays US Liquid Corporates
UBS (Lux) Fund Solutions – MSCI Canada UCITS ETF UCITS ETF
UBS (Lux) Fund Solutions – MSCI Singapore UCITS ETF UBS (Lux) Fund Solutions – Bloomberg Barclays MSCI US Liquid
UBS (Lux) Fund Solutions – MSCI Hong Kong UCITS ETF Corporates Sustainable UCITS ETF
UBS (Lux) Fund Solutions – MSCI Switzerland 20/35 UCITS ETF UBS (Lux) Fund Solutions – Bloomberg Barclays MSCI Euro Area Liquid
UBS (Lux) Fund Solutions – MSCI World UCITS ETF Corporates Sustainable UCITS ETF
UBS (Lux) Fund Solutions – MSCI Emerging Markets UCITS ETF UBS (Lux) Fund Solutions – Bloomberg Barclays USD Emerging Markets
UBS (Lux) Fund Solutions – MSCI Emerging Markets Socially Responsible Sovereign UCITS ETF
UCITS ETF UBS (Lux) Fund Solutions – J.P. Morgan USD EM Diversified Bond 1-5
UBS (Lux) Fund Solutions – MSCI World Socially Responsible UCITS ETF UCITS ETF
UBS (Lux) Fund Solutions – MSCI USA Socially Responsible UCITS ETF UBS (Lux) Fund Solutions – J.P. Morgan EM Multi-Factor Enhanced Local
UBS (Lux) Fund Solutions – MSCI EMU Socially Responsible UCITS ETF Currency Bond UCITS ETF
UBS (Lux) Fund Solutions – MSCI Pacific Socially Responsible UCITS ETF UBS (Lux) Fund Solutions – Bloomberg Barclays Euro Liquid Aggregate ex-
UBS (Lux) Fund Solutions – Bloomberg Barclays US 1-3 Year Treasury Financials 1-5 HQLA UCITS ETF
Bond UCITS ETF UBS (Lux) Fund Solutions – Sustainable Development Bank Bonds UCITS
UBS (Lux) Fund Solutions – Bloomberg Barclays US 7-10 Year Treasury ETF
Bond UCITS ETF UBS (Lux) Fund Solutions – EURO STOXX 50 ESG UCITS ETF
UBS (Lux) Fund Solutions – Bloomberg Barclays US 10+ Year Treasury UBS (Lux) Fund Solutions – MSCI China ESG Universal UCITS ETF
Bond UCITS ETF UBS (Lux) Fund Solutions – J.P. Morgan USD EM IG ESG Diversified Bond
UBS (Lux) Fund Solutions – Bloomberg Barclays TIPS 1-10 UCITS ETF UCITS ETF
UBS (Lux) Fund Solutions – Bloomberg Barclays TIPS 10+ UCITS ETF UBS (Lux) Fund Solutions – J.P. Morgan Global Government ESG Liquid
Bond UCITS ETF
Semi-Annual Report 2021
Investment Company under Luxembourg Law (SICAV)
UBS (Lux) Fund Solutions (Formerly UBS ETF)
Semi-Annual Report as of 30 June 2021
(Unaudited)
UBS (Lux) Fund Solutions – J.P. Morgan CNY China Government 1-10 Year UBS (Lux) Fund Solutions – MSCI Europe Socially Responsible UCITS ETF
Bond UCITS ETF UBS (Lux) Fund Solutions – MSCI Switzerland IMI Socially Responsible
UBS (Lux) Fund Solutions – Bloomberg Barclays Japan Treasury 1-3 Year UCITS ETF
Bond UCITS ETF UBS (Lux) Fund Solutions – Solactive China Technology UCITS ETF
UBS (Lux) Fund Solutions – Bloomberg Barclays MSCI Global Liquid
Corporates Sustainable UCITS ETF
UBS (Lux) Fund Solutions – J.P. Morgan EMU Government ESG Liquid
Bond UCITS ETF
No subscriptions can be received on the basis of financial reports. Subscriptions are only valid if made on the basis of
the current Prospectus supplemented by the latest Annual Report and latest Semi-Annual Report if published
thereafter.
RCS Number: B-83626
Unaudited Semi-Annual Report as of 30 June 2021
Contents
Page
Management and Administration 4
Performance tables 6
Statement of Net Assets 14
Statement of Operations 44
Statement of Changes in Net Assets 59
Schedule of Investments — UBS (Lux) Fund Solutions – EURO STOXX 50 UCITS ETF 81
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI Europe UCITS ETF 83
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI EMU UCITS ETF 93
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF 99
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI EMU Value UCITS ETF 111
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI EMU Small Cap UCITS ETF 115
Schedule of Investments — UBS (Lux) Fund Solutions – Factor MSCI EMU Quality UCITS ETF 124
Schedule of Investments — UBS (Lux) Fund Solutions – Factor MSCI EMU Prime Value UCITS ETF 127
Schedule of Investments — UBS (Lux) Fund Solutions – Factor MSCI EMU Low Volatility UCITS ETF 130
Schedule of Investments — UBS (Lux) Fund Solutions – FTSE 100 UCITS ETF 133
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI United Kingdom UCITS ETF 137
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI Japan UCITS ETF 140
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI Japan Socially Responsible UCITS ETF 147
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI Pacific (ex Japan) UCITS ETF 150
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI USA UCITS ETF 154
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI Canada UCITS ETF 166
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI Singapore UCITS ETF 169
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI Hong Kong UCITS ETF 170
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI Switzerland 20/35 UCITS ETF 172
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI World UCITS ETF 174
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI Emerging Markets UCITS ETF 200
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI Emerging Markets Socially Responsible
UCITS ETF 221
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI World Socially Responsible UCITS ETF 226
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI USA Socially Responsible UCITS ETF 234
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI EMU Socially Responsible UCITS ETF 238
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI Pacific Socially Responsible UCITS ETF 240
Unaudited Semi-Annual Report as of 30 June 2021
Contents (continued)
Page
Schedule of Investments — UBS (Lux) Fund Solutions – Bloomberg Barclays US 1-3 Year Treasury Bond
UCITS ETF 243
Schedule of Investments — UBS (Lux) Fund Solutions – Bloomberg Barclays US 7-10 Year Treasury Bond
UCITS ETF 245
Schedule of Investments — UBS (Lux) Fund Solutions – Bloomberg Barclays US 10+ Year Treasury Bond
UCITS ETF 246
Schedule of Investments — UBS (Lux) Fund Solutions – Bloomberg Barclays TIPS 1-10 UCITS ETF 248
Schedule of Investments — UBS (Lux) Fund Solutions – Bloomberg Barclays TIPS 10+ UCITS ETF 250
Schedule of Investments — UBS (Lux) Fund Solutions – Bloomberg Barclays Euro Inflation Linked 1-10
UCITS ETF 251
Schedule of Investments — UBS (Lux) Fund Solutions – Bloomberg Barclays Euro Inflation Linked 10+
UCITS ETF 252
Schedule of Investments — UBS (Lux) Fund Solutions – Bloomberg Barclays Euro Area Liquid Corporates
UCITS ETF 253
Schedule of Investments — UBS (Lux) Fund Solutions – Bloomberg Barclays EUR Treasury 1-10 UCITS
ETF 262
Schedule of Investments — UBS (Lux) Fund Solutions – SBI® Foreign AAA-BBB 1-5 UCITS ETF 267
Schedule of Investments — UBS (Lux) Fund Solutions – SBI® Foreign AAA-BBB 5-10 UCITS ETF 273
Schedule of Investments — UBS (Lux) Fund Solutions – Bloomberg Barclays Euro Area Liquid Corporates
1-5 Year UCITS ETF 276
Schedule of Investments — UBS (Lux) Fund Solutions – Bloomberg Barclays US Liquid Corporates 1-5
Year UCITS ETF 285
Schedule of Investments — UBS (Lux) Fund Solutions – Bloomberg Barclays US Liquid Corporates UCITS
ETF 291
Schedule of Investments — UBS (Lux) Fund Solutions – Bloomberg Barclays MSCI US Liquid Corporates
Sustainable UCITS ETF 304
Schedule of Investments — UBS (Lux) Fund Solutions – Bloomberg Barclays MSCI Euro Area Liquid
Corporates Sustainable UCITS ETF 314
Schedule of Investments — UBS (Lux) Fund Solutions – Bloomberg Barclays USD Emerging Markets
Sovereign UCITS ETF 328
Schedule of Investments — UBS (Lux) Fund Solutions – J.P. Morgan USD EM Diversified Bond 1-5 UCITS
ETF 342
Schedule of Investments — UBS (Lux) Fund Solutions – J.P. Morgan EM Multi-Factor Enhanced Local
Currency Bond UCITS ETF 355
Schedule of Investments — UBS (Lux) Fund Solutions – Bloomberg Barclays Euro Liquid Aggregate ex-
Financials 1-5 HQLA UCITS ETF 362
Schedule of Investments — UBS (Lux) Fund Solutions – Sustainable Development Bank Bonds UCITS ETF 368
Schedule of Investments — UBS (Lux) Fund Solutions – EURO STOXX 50 ESG UCITS ETF 371
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI China ESG Universal UCITS ETF 373
Unaudited Semi-Annual Report as of 30 June 2021
Contents (continued)
Page
Schedule of Investments — UBS (Lux) Fund Solutions – J.P. Morgan USD EM IG ESG Diversified Bond
UCITS ETF 385
Schedule of Investments — UBS (Lux) Fund Solutions – J.P. Morgan Global Government ESG Liquid Bond
UCITS ETF 399
Schedule of Investments — UBS (Lux) Fund Solutions – J.P. Morgan CNY China Government 1-10 Year
Bond UCITS ETF 426
Schedule of Investments — UBS (Lux) Fund Solutions – Bloomberg Barclays Japan Treasury 1-3 Year
Bond UCITS ETF 429
Schedule of Investments — UBS (Lux) Fund Solutions – Bloomberg Barclays MSCI Global Liquid
Corporates Sustainable UCITS ETF 430
Schedule of Investments — UBS (Lux) Fund Solutions – J.P. Morgan EMU Government ESG Liquid Bond
UCITS ETF 440
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI Europe Socially Responsible UCITS ETF 446
Schedule of Investments — UBS (Lux) Fund Solutions – MSCI Switzerland IMI Socially Responsible UCITS
ETF 449
Schedule of Investments — UBS (Lux) Fund Solutions – Solactive China Technology UCITS ETF 451
Notes to Financial Statements 454
Appendix I - Supplementary Information 522
Sales Restrictions
Shares of these Sub-Funds may not be offered, sold or distributed within the United States of America.
The applicable selling restrictions are set out in the sales prospectus.
Management and Administration
Registered Office Company Administrator, Domiciliary, Depositary,
Corporate and Paying Agent
49, Avenue J.F. Kennedy
L-1855 Luxembourg State Street Bank International GmbH, Luxembourg Branch
R.C.S. Luxembourg Nr. B-83626 49, avenue J.F. Kennedy
L-1855 Luxembourg
Portfolio Managers of Sub-Funds
Paying Agent in Austria
UBS Asset Management (UK) Ltd
5 Broadgate Erste Bank der oesterreichischen Sparkassen AG
EC2M 2QS London, United Kingdom Am Belvedere 1, A-1100 Vienna
UBS Asset Management Switzerland AG,
Bahnhofstrasse 45, CH-8098 Zurich, Switzerland Paying Agent in Germany
UBS Asset Management (Americas) Inc. UBS Europe SE
UBS Tower, One North Wacker Drive Bockenheimer Landstrasse 2-4, D-60306 Frankfurt am Main
IL 60606, Chicago, United States
Paying Agent in Sweden
Auditor
UBS Europe SE
Ernst & Young, Société anonyme* Regeringsgatan 38, 111 56 Stockholm
35E, avenue John F. Kennedy
L-1855 Luxembourg Paying Agent in Switzerland
PricewaterhouseCoopers, Société coopérative** UBS Switzerland AG
2, rue Gerhard Mercator Bahnhofstrasse 45, CH-8098 Zurich
B.P. 1443 and its branches in Switzerland
L-1014 Luxembourg
Paying Agent in Liechtenstein
Depositary
Liechtensteinische Landesbank AG
State Street Bank International GmbH, Luxembourg Branch Städtle 44, FL-9490 Vaduz
49, avenue J.F. Kennedy
L-1855 Luxembourg
Paying Agent in the United Kingdom
Board of Directors
UBS Asset Management (UK) Ltd
5, Broadgate, EC2M 2QS London
• Mr Clemens Reuter (Chairman)
Managing Director, UBS Asset Management Switzerland AG,
Zurich Paying Agent in Belgium
• Mr Frank Müsel (Vice-Chairman) BNP Paribas Securities Services S.C.A.,
Executive Director, UBS Asset Management Switzerland AG, Brussels branch
Zurich Rue de Loxum, 25, 1000 Brussels
• Mr Ian Ashment Distributor
Managing Director, UBS Asset Management (UK) Ltd, London
UBS Asset Management Switzerland AG
• Mrs Anja-Isabel Bohnen*** Bahnhofstrasse 45, CH-8098 Zurich, Switzerland
Independent Board Member, Luxembourg
Representation Agent in Austria
• Mr Andreas Haberzeth
Executive Director, UBS Asset Management Switzerland AG, Erste Bank der oesterreichischen Sparkassen AG
Zurich Am Belvedere 1, A-1010 Vienna
• Mr Jörgen Jessen Information Agent in Germany
Independent Board Member, Grevenmacher
UBS Europe SE
Management Company Bockenheimer Landstrasse 2-4
D-60306 Frankfurt am Main
UBS Fund Management (Luxembourg) S.A.
33A, Avenue J.F. Kennedy Representation Agent in Switzerland
L-1855 Luxembourg
R.C.S. Luxemburg N° B 154 210 UBS Fund Management (Switzerland) AG
Aeschenplatz 6, CH-4052 Basel
Centralising and Financial Agent in France
Société Générale S.A.
29, Boulevard Haussmann,
F-75009 Paris
Representation and Paying Agent in Spain
UBS Europe SE
4, Calle Maria de Molina, 3a planta
28006 Madrid
4
Management and Administration
Representation Agent in Portugal Securities Lending Agent
Best – Banco Electrónico de Serviço Total, S.A. State Street Bank International GmbH Frankfurt Branch,
Praça Marquês de Pombal, 3A - 3º Solmsstrasse 83, 60486 Frankfurt am Main, Germany
1250-161 Lisboa
Portugal
Legal Advisers
as to Luxembourg Law
Clifford Chance
10, boulevard G.D. Charlotte
B.P. 1147
L-1011 Luxembourg
* Ernst & Young is the Auditor of the Company since 15 April 2021.
** PricewaterhouseCoopers was the Auditor of the Company until 15 April 2021.
*** Mrs Anja-Isabel Bohnen was appointed as a Independent Board Member as of 15 April 2021.
Shareholders may obtain the Prospectus, the Key Investor Information Document (KIID), the latest annual and semi-annual reports,
the changes in the composition of the securities portfolio during the reporting period and copies of the Memorandum and Articles of
Association free of charge from the registered office of the Manager, the Administrator, or the local representatives in the countries
where the Company is registered and in Switzerland at UBS Switzerland AG, Bahnhofstrasse 45, 8098 Zurich, Switzerland.
5
Semi-Annual report as of 30 June 2021
Performance tables
Performance from 1 January 2021 to 30 June 2021
Performance
Performance of the tracked Tracking Tracking error Total Expense
of the Sub-Fund index difference (ex post) Ratio (TER)
(in %) (1) (in %) (in %) (2) (in %) (3) (in %) (4)
Sub-Funds (unaudited) (unaudited) (unaudited) (unaudited) (unaudited)
UBS (Lux) Fund Solutions – EURO STOXX 50 UCITS ETF (EUR) A-dis 16.34 16.06 0.28 0.19 0.15
UBS (Lux) Fund Solutions – MSCI Europe UCITS ETF (EUR) A-dis 15.49 15.35 0.14 0.11 0.20
UBS (Lux) Fund Solutions – MSCI Europe UCITS ETF (hedged to CHF) A-acc 14.39 14.32 0.07 0.09 0.30
UBS (Lux) Fund Solutions – MSCI Europe UCITS ETF (hedged to EUR) A-acc 14.51 14.42 0.09 0.10 0.30
UBS (Lux) Fund Solutions – MSCI Europe UCITS ETF (hedged to USD) A-acc 14.84 14.77 0.07 0.10 0.30
UBS (Lux) Fund Solutions – MSCI EMU UCITS ETF (EUR) A-dis 15.53 15.28 0.25 0.16 0.18
UBS (Lux) Fund Solutions – MSCI EMU UCITS ETF (EUR) A-acc 15.53 15.28 0.25 0.15 0.18
UBS (Lux) Fund Solutions – MSCI EMU UCITS ETF (EUR) A-UKdis 15.53 15.28 0.25 0.16 0.18
UBS (Lux) Fund Solutions – MSCI EMU UCITS ETF (hedged to CHF) A-acc 15.37 15.19 0.18 0.15 0.28
UBS (Lux) Fund Solutions – MSCI EMU UCITS ETF (hedged to GBP) A-dis 15.70 15.53 0.17 0.16 0.28
UBS (Lux) Fund Solutions – MSCI EMU UCITS ETF (hedged to GBP) A-acc 15.70 15.53 0.17 0.15 0.28
UBS (Lux) Fund Solutions – MSCI EMU UCITS ETF (hedged to USD) A-dis 15.81 15.62 0.19 0.15 0.28
UBS (Lux) Fund Solutions – MSCI EMU UCITS ETF (hedged to USD) A-acc 15.80 15.62 0.18 0.15 0.28
UBS (Lux) Fund Solutions – MSCI EMU UCITS ETF (hedged to SGD) A-acc 15.89 15.70 0.19 0.15 0.28
UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF (EUR) A-acc 13.47 13.24 0.23 0.19 0.34
UBS (Lux) Fund Solutions – MSCI EMU Value UCITS ETF (EUR) A-dis 15.51 15.15 0.36 0.21 0.25
UBS (Lux) Fund Solutions – MSCI EMU Small Cap UCITS ETF (EUR) A-dis 17.09 16.82 0.27 0.16 0.33
UBS (Lux) Fund Solutions – Factor MSCI EMU Quality UCITS ETF (EUR) A-dis 17.06 16.88 0.18 0.16 0.28
UBS (Lux) Fund Solutions – Factor MSCI EMU Quality UCITS ETF (hedged to CHF) A-acc 16.85 16.73 0.12 0.16 0.38
UBS (Lux) Fund Solutions – Factor MSCI EMU Quality UCITS ETF (hedged to USD) A-acc 17.38 17.26 0.12 0.16 0.38
UBS (Lux) Fund Solutions – Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis 12.33 11.78 0.55 0.30 0.28
UBS (Lux) Fund Solutions – Factor MSCI EMU Prime Value UCITS ETF (hedged to CHF) A-acc 12.19 11.70 0.49 0.29 0.38
UBS (Lux) Fund Solutions – Factor MSCI EMU Prime Value UCITS ETF (hedged to USD) A-acc 12.52 12.04 0.48 0.29 0.38
UBS (Lux) Fund Solutions – Factor MSCI EMU Low Volatility UCITS ETF (EUR) A-dis 11.34 11.14 0.20 0.14 0.28
UBS (Lux) Fund Solutions – Factor MSCI EMU Low Volatility UCITS ETF (hedged to CHF) A-acc 11.13 10.99 0.14 0.14 0.38
UBS (Lux) Fund Solutions – Factor MSCI EMU Low Volatility UCITS ETF (hedged to USD) A-acc 11.56 11.43 0.13 0.13 0.38
UBS (Lux) Fund Solutions – FTSE 100 UCITS ETF (GBP) A-dis 10.74 10.91 (0.17) 0.04 0.20
UBS (Lux) Fund Solutions – MSCI United Kingdom UCITS ETF (GBP) A-dis 11.20 11.34 (0.14) 0.05 0.20
UBS (Lux) Fund Solutions – MSCI United Kingdom UCITS ETF (GBP) A-acc 11.22 11.34 (0.12) 0.03 0.20
UBS (Lux) Fund Solutions – MSCI United Kingdom UCITS ETF (GBP) A-UKdis 11.20 11.34 (0.14) 0.05 0.20
UBS (Lux) Fund Solutions – MSCI United Kingdom UCITS ETF (hedged to CHF) A-acc 10.67 10.83 (0.16) 0.04 0.30
UBS (Lux) Fund Solutions – MSCI United Kingdom UCITS ETF (hedged to EUR) A-acc 10.80 10.96 (0.16) 0.04 0.30
UBS (Lux) Fund Solutions – MSCI United Kingdom UCITS ETF (hedged to USD) A-acc 11.29 11.45 (0.16) 0.05 0.30
UBS (Lux) Fund Solutions – MSCI United Kingdom UCITS ETF (hedged to SGD) A-acc 11.29 11.46 (0.17) 0.03 0.30
UBS (Lux) Fund Solutions – MSCI Japan UCITS ETF (JPY) A-dis 8.80 8.88 (0.08) 0.11 0.19
UBS (Lux) Fund Solutions – MSCI Japan UCITS ETF (JPY) A-acc 8.81 8.88 (0.07) 0.10 0.19
UBS (Lux) Fund Solutions – MSCI Japan UCITS ETF (JPY) A-UKdis 8.80 8.88 (0.08) 0.11 0.19
UBS (Lux) Fund Solutions – MSCI Japan UCITS ETF (hedged to CHF) A-acc 8.43 8.57 (0.14) 0.11 0.29
UBS (Lux) Fund Solutions – MSCI Japan UCITS ETF (hedged to EUR) A-dis 8.50 8.64 (0.14) 0.13 0.29
UBS (Lux) Fund Solutions – MSCI Japan UCITS ETF (hedged to EUR) A-acc 8.50 8.64 (0.14) 0.11 0.29
UBS (Lux) Fund Solutions – MSCI Japan UCITS ETF (hedged to GBP) A-dis 8.68 8.82 (0.14) 0.11 0.29
UBS (Lux) Fund Solutions – MSCI Japan UCITS ETF (hedged to GBP) A-acc 8.68 8.82 (0.14) 0.11 0.29
UBS (Lux) Fund Solutions – MSCI Japan UCITS ETF (hedged to USD) A-acc 8.78 8.93 (0.15) 0.11 0.29
UBS (Lux) Fund Solutions – MSCI Japan UCITS ETF (hedged to SGD) A-acc 8.89 9.04 (0.15) 0.11 0.29
UBS (Lux) Fund Solutions – MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis 4.32 4.42 (0.10) 0.16 0.22
UBS (Lux) Fund Solutions – MSCI Japan Socially Responsible UCITS ETF (JPY) A-acc 4.33 4.42 (0.09) 0.15 0.22
UBS (Lux) Fund Solutions – MSCI Japan Socially Responsible UCITS ETF (hedged to CHF) A-dis 4.02 4.14 (0.12) 0.16 0.27
UBS (Lux) Fund Solutions – MSCI Japan Socially Responsible UCITS ETF (hedged to EUR) A-acc 4.12 4.28 (0.16) 0.16 0.27
UBS (Lux) Fund Solutions – MSCI Japan Socially Responsible UCITS ETF (hedged to USD) A-acc 4.45 4.58 (0.13) 0.16 0.27
UBS (Lux) Fund Solutions – MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis 9.40 9.60 (0.20) 0.04 0.30
UBS (Lux) Fund Solutions – MSCI Pacific (ex Japan) UCITS ETF (USD) A-acc 9.42 9.60 (0.18) 0.03 0.30
UBS (Lux) Fund Solutions – MSCI Pacific (ex Japan) UCITS ETF (USD) A-UKdis 9.41 9.60 (0.19) 0.04 0.30
UBS (Lux) Fund Solutions – MSCI USA UCITS ETF (USD) A-dis 14.57 14.63 (0.06) 0.03 0.14
UBS (Lux) Fund Solutions – MSCI USA UCITS ETF (USD) A-UKdis 14.57 14.63 (0.06) 0.02 0.14
UBS (Lux) Fund Solutions – MSCI Canada UCITS ETF (CAD) A-dis 17.20 17.21 (0.01) 0.18 0.33
UBS (Lux) Fund Solutions – MSCI Canada UCITS ETF (CAD) A-acc 17.21 17.21 0.00 0.20 0.33
UBS (Lux) Fund Solutions – MSCI Canada UCITS ETF (CAD) A-UKdis 17.20 17.21 (0.01) 0.18 0.33
UBS (Lux) Fund Solutions – MSCI Canada UCITS ETF (hedged to CHF) A-acc 16.86 16.94 (0.08) 0.19 0.43
UBS (Lux) Fund Solutions – MSCI Canada UCITS ETF (hedged to EUR) A-acc 16.92 16.99 (0.07) 0.20 0.43
UBS (Lux) Fund Solutions – MSCI Canada UCITS ETF (hedged to GBP) A-dis 17.18 17.26 (0.08) 0.18 0.43
UBS (Lux) Fund Solutions – MSCI Canada UCITS ETF (hedged to GBP) A-acc 17.19 17.26 (0.07) 0.19 0.43
UBS (Lux) Fund Solutions – MSCI Canada UCITS ETF (hedged to USD) A-acc 17.30 17.37 (0.07) 0.20 0.43
UBS (Lux) Fund Solutions – MSCI Canada UCITS ETF (hedged to SGD) A-acc 17.40 17.45 (0.05) 0.19 0.43
UBS (Lux) Fund Solutions – MSCI Singapore UCITS ETF (SGD) A-dis 10.98 11.25 (0.27) 0.03 0.45
UBS (Lux) Fund Solutions – MSCI Hong Kong UCITS ETF (HKD) A-dis 9.86 10.14 (0.28) 0.05 0.45
UBS (Lux) Fund Solutions – MSCI Switzerland 20/35 UCITS ETF (CHF) A-dis 14.24 14.31 (0.07) 0.04 0.20
UBS (Lux) Fund Solutions – MSCI Switzerland 20/35 UCITS ETF (CHF) A-acc 14.24 14.31 (0.07) 0.02 0.20
UBS (Lux) Fund Solutions – MSCI Switzerland 20/35 UCITS ETF (CHF) A-UKdis 14.24 14.31 (0.07) 0.04 0.20
UBS (Lux) Fund Solutions – MSCI Switzerland 20/35 UCITS ETF (hedged to EUR) A-dis 14.36 14.48 (0.12) 0.07 0.30
UBS (Lux) Fund Solutions – MSCI Switzerland 20/35 UCITS ETF (hedged to EUR) A-acc 14.34 14.48 (0.14) 0.04 0.30
UBS (Lux) Fund Solutions – MSCI Switzerland 20/35 UCITS ETF (hedged to GBP) A-dis 14.65 14.79 (0.14) 0.05 0.30
UBS (Lux) Fund Solutions – MSCI Switzerland 20/35 UCITS ETF (hedged to GBP) A-acc 14.64 14.79 (0.15) 0.03 0.30
UBS (Lux) Fund Solutions – MSCI Switzerland 20/35 UCITS ETF (hedged to USD) A-dis 14.53 14.66 (0.13) 0.07 0.30
UBS (Lux) Fund Solutions – MSCI Switzerland 20/35 UCITS ETF (hedged to USD) A-acc 14.52 14.66 (0.14) 0.08 0.30
UBS (Lux) Fund Solutions – MSCI Switzerland 20/35 UCITS ETF (hedged to SGD) A-acc 14.70 14.83 (0.13) 0.02 0.30
UBS (Lux) Fund Solutions – MSCI World UCITS ETF (USD) A-dis 12.95 13.05 (0.10) 0.05 0.30
UBS (Lux) Fund Solutions – MSCI Emerging Markets UCITS ETF (USD) A-dis 7.30 7.63 (0.33) 0.16 0.23
UBS (Lux) Fund Solutions – MSCI Emerging Markets UCITS ETF (USD) A-acc 7.13 7.45 (0.32) 0.15 0.23
UBS (Lux) Fund Solutions – MSCI Emerging Markets UCITS ETF (USD) A-UKdis 7.30 7.63 (0.33) 0.16 0.23
UBS (Lux) Fund Solutions – MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis 9.08 9.28 (0.20) 0.21 0.27
UBS (Lux) Fund Solutions – MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-acc 9.09 9.28 (0.19) 0.21 0.27
UBS (Lux) Fund Solutions – MSCI World Socially Responsible UCITS ETF (USD) A-dis 12.08 12.08 0.00 0.06 0.22
UBS (Lux) Fund Solutions – MSCI World Socially Responsible UCITS ETF (USD) A-acc 12.08 12.08 0.00 0.06 0.22
UBS (Lux) Fund Solutions – MSCI USA Socially Responsible UCITS ETF (USD) A-dis 14.52 14.61 (0.09) 0.02 0.22
UBS (Lux) Fund Solutions – MSCI USA Socially Responsible UCITS ETF (hedged to CHF) A-dis 13.97 14.07 (0.10) 0.02 0.25
UBS (Lux) Fund Solutions – MSCI USA Socially Responsible UCITS ETF (hedged to CHF) A-acc 13.97 14.07 (0.10) 0.02 0.25
UBS (Lux) Fund Solutions – MSCI USA Socially Responsible UCITS ETF (hedged to EUR) A-dis 14.15 14.26 (0.11) 0.02 0.25
UBS (Lux) Fund Solutions – MSCI EMU Socially Responsible UCITS ETF (EUR) A-dis 14.71 14.36 0.35 0.29 0.22
UBS (Lux) Fund Solutions – MSCI EMU Socially Responsible UCITS ETF (EUR) A-acc 14.71 14.36 0.35 0.28 0.22
UBS (Lux) Fund Solutions – MSCI EMU Socially Responsible UCITS ETF (hedged to CHF) A-dis 14.55 14.23 0.32 0.29 0.27
UBS (Lux) Fund Solutions – MSCI EMU Socially Responsible UCITS ETF (hedged to CHF) A-acc 14.55 14.23 0.32 0.29 0.27
UBS (Lux) Fund Solutions – MSCI EMU Socially Responsible UCITS ETF (hedged to GBP) A-dis 14.92 14.63 0.29 0.29 0.27
UBS (Lux) Fund Solutions – MSCI EMU Socially Responsible UCITS ETF (hedged to USD) A-acc 15.00 14.68 0.32 0.29 0.27
UBS (Lux) Fund Solutions – MSCI Pacific Socially Responsible UCITS ETF (USD) A-dis (0.24) (0.06) (0.18) 0.12 0.40
UBS (Lux) Fund Solutions – MSCI Pacific Socially Responsible UCITS ETF (USD) A-acc ** (0.24) (0.06) (0.18) N/A* 0.40
UBS (Lux) Fund Solutions – Bloomberg Barclays US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (0.16) (0.09) (0.07) 0.02 0.12
UBS (Lux) Fund Solutions – Bloomberg Barclays US 1-3 Year Treasury Bond UCITS ETF (USD) A-acc (0.16) (0.09) (0.07) 0.02 0.12
UBS (Lux) Fund Solutions – Bloomberg Barclays US 1-3 Year Treasury Bond UCITS ETF (hedged to
EUR) A-dis (0.57) (0.50) (0.07) 0.02 0.17
UBS (Lux) Fund Solutions – Bloomberg Barclays US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (3.42) (3.38) (0.04) 0.04 0.12
UBS (Lux) Fund Solutions – Bloomberg Barclays US 7-10 Year Treasury Bond UCITS ETF (USD) A-acc (3.42) (3.38) (0.04) 0.04 0.12
UBS (Lux) Fund Solutions – Bloomberg Barclays US 10+ Year Treasury Bond UCITS ETF (hedged to
EUR) A-dis (8.55) (8.45) (0.10) 0.05 0.25
UBS (Lux) Fund Solutions – Bloomberg Barclays TIPS 1-10 UCITS ETF (USD) A-dis 2.25 2.36 (0.11) 0.11 0.15
UBS (Lux) Fund Solutions – Bloomberg Barclays TIPS 1-10 UCITS ETF (USD) A-acc 2.26 2.36 (0.10) 0.11 0.15
6
Semi-Annual report as of 30 June 2021
Performance tables (continued)
Performance from 1 January 2021 to 30 June 2021 (continued)
Performance
Performance of the tracked Tracking Tracking error Total Expense
of the Sub-Fund index difference (ex post) Ratio (TER)
(in %) (1) (in %) (in %) (2) (in %) (3) (in %) (4)
Sub-Funds (unaudited) (unaudited) (unaudited) (unaudited) (unaudited)
UBS (Lux) Fund Solutions – Bloomberg Barclays TIPS 1-10 UCITS ETF (hedged to CHF) A-acc 1.67 1.78 (0.11) 0.11 0.20
UBS (Lux) Fund Solutions – Bloomberg Barclays TIPS 1-10 UCITS ETF (hedged to EUR) A-acc 1.81 1.92 (0.11) 0.11 0.20
UBS (Lux) Fund Solutions – Bloomberg Barclays TIPS 1-10 UCITS ETF (hedged to GBP) A-acc 2.14 2.26 (0.12) 0.12 0.20
UBS (Lux) Fund Solutions – Bloomberg Barclays TIPS 10+ UCITS ETF (USD) A-dis (1.53) (1.39) (0.14) 0.14 0.20
UBS (Lux) Fund Solutions – Bloomberg Barclays TIPS 10+ UCITS ETF (hedged to EUR) A-acc (1.96) (1.86) (0.10) 0.14 0.25
UBS (Lux) Fund Solutions – Bloomberg Barclays TIPS 10+ UCITS ETF (hedged to GBP) A-dis (1.54) (1.36) (0.18) 0.13 0.25
UBS (Lux) Fund Solutions – Bloomberg Barclays Euro Inflation Linked 1-10 UCITS ETF (EUR) A-dis 2.25 2.40 (0.15) 0.08 0.20
UBS (Lux) Fund Solutions – Bloomberg Barclays Euro Inflation Linked 10+ UCITS ETF (EUR) A-dis (0.45) (0.31) (0.14) 0.09 0.20
UBS (Lux) Fund Solutions – Bloomberg Barclays Euro Area Liquid Corporates UCITS ETF (EUR) A-dis (0.56) (0.48) (0.08) 0.04 0.18
UBS (Lux) Fund Solutions – Bloomberg Barclays EUR Treasury 1-10 UCITS ETF (EUR) A-dis (1.14) (1.05) (0.09) 0.02 0.17
UBS (Lux) Fund Solutions – SBI® Foreign AAA-BBB 1-5 UCITS ETF (CHF) A-dis 0.07 0.19 (0.12) 0.02 0.20
UBS (Lux) Fund Solutions – SBI® Foreign AAA-BBB 5-10 UCITS ETF (CHF) A-dis (0.54) (0.44) (0.10) 0.07 0.20
UBS (Lux) Fund Solutions – Bloomberg Barclays Euro Area Liquid Corporates 1-5 Year UCITS ETF
(EUR) A-dis 0.17 0.26 (0.09) 0.03 0.18
UBS (Lux) Fund Solutions – Bloomberg Barclays Euro Area Liquid Corporates 1-5 Year UCITS ETF
(hedged to CHF) A-acc 0.03 0.13 (0.10) 0.03 0.23
UBS (Lux) Fund Solutions – Bloomberg Barclays Euro Area Liquid Corporates 1-5 Year UCITS ETF
(hedged to USD) A-acc 0.53 0.65 (0.12) 0.04 0.23
UBS (Lux) Fund Solutions – Bloomberg Barclays US Liquid Corporates 1-5 Year UCITS ETF (USD) A-
dis (0.29) (0.20) (0.09) 0.06 0.18
UBS (Lux) Fund Solutions – Bloomberg Barclays US Liquid Corporates 1-5 Year UCITS ETF (USD) A-
acc (0.28) (0.20) (0.08) 0.06 0.18
UBS (Lux) Fund Solutions – Bloomberg Barclays US Liquid Corporates 1-5 Year UCITS ETF (hedged to
CHF) A-acc (0.87) (0.77) (0.10) 0.06 0.23
UBS (Lux) Fund Solutions – Bloomberg Barclays US Liquid Corporates 1-5 Year UCITS ETF (hedged to
EUR) A-acc (0.73) (0.64) (0.09) 0.06 0.23
UBS (Lux) Fund Solutions – Bloomberg Barclays US Liquid Corporates 1-5 Year UCITS ETF (hedged to
GBP) A-dis (0.41) (0.30) (0.11) 0.05 0.23
UBS (Lux) Fund Solutions – Bloomberg Barclays US Liquid Corporates UCITS ETF (USD) A-dis (2.18) (2.07) (0.11) 0.07 0.18
UBS (Lux) Fund Solutions – Bloomberg Barclays US Liquid Corporates UCITS ETF (USD) A-acc (2.17) (2.07) (0.10) 0.06 0.18
UBS (Lux) Fund Solutions – Bloomberg Barclays US Liquid Corporates UCITS ETF (hedged to CHF) A-
acc (2.81) (2.69) (0.12) 0.08 0.23
UBS (Lux) Fund Solutions – Bloomberg Barclays US Liquid Corporates UCITS ETF (hedged to EUR) A-
acc (2.64) (2.51) (0.13) 0.07 0.23
UBS (Lux) Fund Solutions – Bloomberg Barclays US Liquid Corporates UCITS ETF (hedged to GBP) A-
dis (2.22) (2.09) (0.13) 0.06 0.23
UBS (Lux) Fund Solutions – Bloomberg Barclays MSCI US Liquid Corporates Sustainable UCITS ETF
(USD) A-dis (2.63) (2.51) (0.12) 0.08 0.20
UBS (Lux) Fund Solutions – Bloomberg Barclays MSCI US Liquid Corporates Sustainable UCITS ETF
(USD) A-acc (2.62) (2.51) (0.11) 0.08 0.20
UBS (Lux) Fund Solutions – Bloomberg Barclays MSCI US Liquid Corporates Sustainable UCITS ETF
(hedged to CHF) A-dis (3.28) (3.14) (0.14) 0.09 0.25
UBS (Lux) Fund Solutions – Bloomberg Barclays MSCI US Liquid Corporates Sustainable UCITS ETF
(hedged to EUR) A-acc (3.10) (2.96) (0.14) 0.09 0.25
UBS (Lux) Fund Solutions – Bloomberg Barclays MSCI US Liquid Corporates Sustainable UCITS ETF
(hedged to GBP) A-dis (2.67) (2.54) (0.13) 0.08 0.25
UBS (Lux) Fund Solutions – Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable UCITS
ETF (EUR) A-dis (0.64) (0.53) (0.11) 0.03 0.20
UBS (Lux) Fund Solutions – Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable UCITS
ETF (EUR) A-acc (0.64) (0.53) (0.11) 0.03 0.20
UBS (Lux) Fund Solutions – Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable UCITS
ETF (hedged to CHF) A-dis (0.79) (0.66) (0.13) 0.03 0.25
UBS (Lux) Fund Solutions – Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable UCITS
ETF (hedged to CHF) A-acc (0.79) (0.66) (0.13) 0.03 0.25
UBS (Lux) Fund Solutions – Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable UCITS
ETF (hedged to USD) A-dis ** (0.30) (0.15) (0.15) N/A* 0.25
UBS (Lux) Fund Solutions – Bloomberg Barclays USD Emerging Markets Sovereign UCITS ETF (USD)
A-dis (0.81) (0.51) (0.30) 0.33 0.42
UBS (Lux) Fund Solutions – Bloomberg Barclays USD Emerging Markets Sovereign UCITS ETF (USD)
A-acc (0.74) (0.51) (0.23) 0.33 0.42
UBS (Lux) Fund Solutions – Bloomberg Barclays USD Emerging Markets Sovereign UCITS ETF
(hedged to CHF) A-acc (1.47) (1.22) (0.25) 0.33 0.47
UBS (Lux) Fund Solutions – Bloomberg Barclays USD Emerging Markets Sovereign UCITS ETF
(hedged to EUR) A-acc (1.29) (1.04) (0.25) 0.33 0.47
UBS (Lux) Fund Solutions – Bloomberg Barclays USD Emerging Markets Sovereign UCITS ETF
(hedged to GBP) A-dis (0.89) (0.59) (0.30) 0.33 0.47
UBS (Lux) Fund Solutions – J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (USD) A-dis 1.42 1.68 (0.26) 0.20 0.42
UBS (Lux) Fund Solutions – J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (hedged to CHF) A-
acc 0.88 1.14 (0.26) 0.18 0.47
UBS (Lux) Fund Solutions – J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (hedged to EUR) A-
dis 0.99 1.26 (0.27) 0.21 0.47
UBS (Lux) Fund Solutions – J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (hedged to EUR) A-
acc 1.02 1.26 (0.24) 0.18 0.47
UBS (Lux) Fund Solutions – J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (hedged to GBP) A-
dis 1.30 1.59 (0.29) 0.20 0.47
UBS (Lux) Fund Solutions – J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF
(USD) A-dis (3.38) (3.10) (0.28) 0.30 0.47
UBS (Lux) Fund Solutions – J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF
(USD) A-acc (3.34) (3.10) (0.24) 0.30 0.47
UBS (Lux) Fund Solutions – Bloomberg Barclays Euro Liquid Aggregate ex-Financials 1-5 HQLA UCITS
ETF (EUR) A-dis (0.43) (0.32) (0.11) 0.01 0.18
UBS (Lux) Fund Solutions – Sustainable Development Bank Bonds UCITS ETF (USD) A-dis (0.75) (0.66) (0.09) 0.03 0.18
UBS (Lux) Fund Solutions – Sustainable Development Bank Bonds UCITS ETF (USD) A-acc (0.75) (0.66) (0.09) 0.04 0.18
UBS (Lux) Fund Solutions – Sustainable Development Bank Bonds UCITS ETF (hedged to CHF) A-acc (1.31) (1.22) (0.09) 0.03 0.23
UBS (Lux) Fund Solutions – Sustainable Development Bank Bonds UCITS ETF (hedged to EUR) A-acc (1.18) (1.08) (0.10) 0.03 0.23
UBS (Lux) Fund Solutions – Sustainable Development Bank Bonds UCITS ETF (hedged to GBP) A-dis (0.87) (0.73) (0.14) 0.04 0.23
UBS (Lux) Fund Solutions – EURO STOXX 50 ESG UCITS ETF (EUR) A-dis 17.07 16.78 0.29 0.21 0.15
UBS (Lux) Fund Solutions – MSCI China ESG Universal UCITS ETF (USD) A-dis 3.41 3.62 (0.21) 0.18 0.65
UBS (Lux) Fund Solutions – J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (USD) A-acc (2.06) (1.83) (0.23) 0.10 0.45
UBS (Lux) Fund Solutions – J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (hedged to CHF)
A-acc (2.69) (2.40) (0.29) 0.12 0.50
UBS (Lux) Fund Solutions – J.P. Morgan USD EM IG ESG Diversified Bond UCITS ETF (hedged to
EUR) A-acc (2.51) (2.23) (0.28) 0.11 0.50
UBS (Lux) Fund Solutions – J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (USD) A-acc (4.72) (4.65) (0.07) 0.03 0.15
UBS (Lux) Fund Solutions – J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to
CHF) A-acc (3.21) (3.05) (0.16) 0.06 0.20
UBS (Lux) Fund Solutions – J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to
EUR) A-acc (3.04) (2.90) (0.14) 0.06 0.20
UBS (Lux) Fund Solutions – J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to
GBP) A-dis ** (2.61) (2.54) (0.07) N/A* 0.20
UBS (Lux) Fund Solutions – J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to
USD) A-acc ** (2.61) (2.51) (0.10) N/A* 0.20
7
Semi-Annual report as of 30 June 2021
Performance tables (continued)
Performance from 1 January 2021 to 30 June 2021 (continued)
Performance
Performance of the tracked Tracking Tracking error Total Expense
of the Sub-Fund index difference (ex post) Ratio (TER)
(in %) (1) (in %) (in %) (2) (in %) (3) (in %) (4)
Sub-Funds (unaudited) (unaudited) (unaudited) (unaudited) (unaudited)
UBS (Lux) Fund Solutions – J.P. Morgan CNY China Government 1-10 Year Bond UCITS ETF (USD) A-
acc 2.86 3.05 (0.19) 0.15 0.33
UBS (Lux) Fund Solutions – Bloomberg Barclays Japan Treasury 1-3 Year Bond UCITS ETF (JPY) A-
acc (0.17) (0.08) (0.09) 0.00 0.15
UBS (Lux) Fund Solutions – Bloomberg Barclays MSCI Global Liquid Corporates Sustainable UCITS
ETF (USD) A-acc (2.66) (2.51) (0.15) 0.09 0.20
UBS (Lux) Fund Solutions – Bloomberg Barclays MSCI Global Liquid Corporates Sustainable UCITS
ETF (hedged to EUR) A-acc ** (2.41) (2.23) (0.18) N/A* 0.25
UBS (Lux) Fund Solutions – Bloomberg Barclays MSCI Global Liquid Corporates Sustainable UCITS
ETF (hedged to GBP) A-dis 2.71 2.77 (0.06) N/A 0.25
UBS (Lux) Fund Solutions – Bloomberg Barclays MSCI Global Liquid Corporates Sustainable UCITS
ETF (hedged to USD) A-acc 2.71 2.77 (0.06) N/A 0.25
UBS (Lux) Fund Solutions – J.P. Morgan EMU Government ESG Liquid Bond UCITS ETF (EUR) A-acc
** (3.28) (3.15) (0.13) N/A* 0.17
UBS (Lux) Fund Solutions – MSCI Europe Socially Responsible UCITS ETF (EUR) A-dis ** 14.63 14.30 0.33 N/A* 0.18
UBS (Lux) Fund Solutions – MSCI Europe Socially Responsible UCITS ETF (EUR) A-acc ** 14.63 14.30 0.33 N/A* 0.18
UBS (Lux) Fund Solutions – MSCI Europe Socially Responsible UCITS ETF (hedged to EUR) A-acc ** 14.32 13.99 0.33 N/A* 0.23
UBS (Lux) Fund Solutions – MSCI Switzerland IMI Socially Responsible UCITS ETF (CHF) A-acc ** 16.87 17.02 (0.15) N/A* 0.28
UBS (Lux) Fund Solutions – Solactive China Technology UCITS ETF (USD) A-acc ** (0.85) (0.62) (0.23) N/A* 0.47
UBS (Lux) Fund Solutions – Solactive China Technology UCITS ETF (hedged to EUR) A-acc ** (1.30) (1.08) (0.22) N/A* 0.53
* The ETF Share Class was launched less than 12 months before the end of the reporting year. Therefore, no tracking error (ex post) has been calculated for this ETF Share Class.
** The ETF Share Class launched during the reporting year, see Note 1 for further details.
1) The figures relating to the performances of the Sub-Funds reflect the percentages changes of official NAV's per shares (cum dividends) over the reporting period. 30 June was the last official NAV's per shares
unless otherwise stated. The same period was used for the figures relating to the performance of the tracked index.
2) The tracking difference is attributable to fund expenses (see "TER"), as well as non reclaimable withholding taxes and to generation of securities lending income.
The Sub-Fund's portfolio manager aims to achieve a level of tracking accuracy whereby the expected annual difference in returns, after expenses, between the performance of the shares of a Sub-Fund and that Sub-
Fund's index will not exceed 1% under normal market conditions. However, exceptional circumstances may arise which cause a Sub-Fund's tracking accuracy to exceed 1%.
3) Tracking error: annualised standard deviation.
The Sub-Fund's portfolio manager aims to keep the tracking error, defined as the volatility of the tracking difference between the performance of the shares of a Sub-Fund and that Sub-Fund's index, below or
equal to 1% under normal market conditions. However, exceptional circumstances may arise which cause a Sub-Fund's tracking error to exceed 1%.
Tracking error calculation:
The tracking error for the last 12 months is calculated as follows: =STANDARD DEVIATION(Monthly Excess calculated each month over a 12-month period)*SQUARE ROOT(12)
4) Total Expense Ratio (TER): this ratio is calculated in accordance with the Asset Management Association Switzerland (AMAS) "Guidelines on the calculation and disclosure of the TER" in the current version and
expresses the sum of all costs and commissions charged on an ongoing basis to the net assets (operating expenses) taken retrospectively as a percentage of the net assets.
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 units.
8
Semi-Annual report as of 30 June 2021
Performance tables (continued)
Performance from 1 January 2020 to 31 December 2020
Performance
Performance of the tracked Tracking Tracking error Total Expense
of the Sub-Fund index difference (ex post) Ratio (TER)
(in %) (1) (in %) (in %) (2) (in %) (3) (in %) (4)
Sub-Funds (unaudited) (unaudited) (unaudited) (unaudited) (audited)
UBS ETF – EURO STOXX 50 UCITS ETF (EUR) A-dis (2.94) (3.21) 0.27 0.16 0.15
UBS ETF – MSCI Europe UCITS ETF (EUR) A-dis (3.27) (3.32) 0.05 0.10 0.20
UBS ETF – MSCI Europe UCITS ETF (hedged to CHF) A-acc (2.21) (2.20) (0.01) 0.08 0.30
UBS ETF – MSCI Europe UCITS ETF (hedged to EUR) A-acc (2.19) (2.18) (0.01) 0.09 0.30
UBS ETF – MSCI Europe UCITS ETF (hedged to USD) A-acc (0.34) (0.39) 0.05 0.11 0.30
UBS ETF – MSCI EMU UCITS ETF (EUR) A-dis (0.85) (1.02) 0.17 0.12 0.18
UBS ETF – MSCI EMU UCITS ETF (EUR) A-acc (0.82) (1.02) 0.20 0.11 0.18
UBS ETF – MSCI EMU UCITS ETF (EUR) A-UKdis (0.85) (1.02) 0.17 0.12 0.18
UBS ETF – MSCI EMU UCITS ETF (hedged to CHF) A-acc ** 12.57 12.60 (0.03) N/A* 0.28
UBS ETF – MSCI EMU UCITS ETF (hedged to GBP) A-dis (1.39) (1.33) (0.06) 0.12 0.28
UBS ETF – MSCI EMU UCITS ETF (hedged to GBP) A-acc (1.27) (1.33) 0.06 0.