Semi-Annual Report 2016/2017

ab Asset management UBS Funds Semi-Annual Report 2016/2017 Investment Fund under Luxembourg Law R.C.S. Luxembourg N K 308 Unaudited semi-annual report as of 30 April 2017 UBS (Lux) Money Market Fund UBS (Lux) Money Market Fund AUD UBS (Lux) Money Market Fund CHF UBS (Lux) Money Market Fund EUR UBS (Lux) Money Market Fund GBP UBS (Lux) Money Market Fund USD

Unaudited semi-annual report as of 30 April 2017 Table of contents Page ISIN Management and Administration 2 Features of the Fund 4 UBS (Lux) Money Market Fund 9 UBS (Lux) Money Market Fund AUD 10 F-acc LU0454363226 I-A2-dist LU0395201097 K-1-acc LU0395200446 P-acc LU0066649970 Q-acc LU0395200792 UBS (Lux) Money Market Fund CHF 14 F-acc LU0454362921 K-1-acc LU0395198798 P-acc LU0033502740 Q-acc LU0395198954 U-X-acc LU0395200107 UBS (Lux) Money Market Fund EUR 19 F-acc LU0454363739 I-A1-acc LU0395206054 I-A3-acc LU0395206484 I-B-acc LU0395206641 K-1-acc LU0395205759 P-acc LU0006344922 Q-acc LU0357613495 U-X-acc LU0395216871 UBS (Lux) Money Market Fund GBP 25 F-acc LU0454364034 I-A1-acc LU0395207888 I-A2-acc LU0395208001 I-A3-acc LU0395208266 K-1-acc LU0395207458 P-acc LU0006277635 Q-acc LU0395207615 UBS (Lux) Money Market Fund USD 30 F-acc LU0454364208 (CAD hedged) F-acc LU1397021665 I-A1-acc LU0395209405 I-X-acc LU0395210247 K-1-acc LU0395209157 P-acc LU0006277684 (CAD hedged) P-acc LU1397021822 Q-acc LU0357617645 (CAD hedged) Q-acc LU1397022127 U-X-acc LU0395210593 Notes to the Financial Statements 36 Appendix 41 Sales restrictions Units of this Fund may not be offered, sold or distributed within the United States of America. Internet address http://www.ubs.com/1/e/globalam/funds.html 1

Management and Administration Management Company UBS Fund Management (Luxembourg) S.A. 33A, avenue J.F. Kennedy L-1855 Luxembourg R.C.S. Luxembourg N B 154 210 Board of Directors André Müller-Wegner, Chairman (Member since 29 November 2016, Chairman since 1 January 2017) Managing Director, UBS AG, Switzerland Andreas Schlatter, Member (Chairman until 31 December 2016) Independent Director, Küttingen, Switzerland Pascal Kistler, Member Managing Director, UBS AG, Basel and Zurich Martin Thommen, Member (until 17 March 2017) Managing Director, UBS AG, Basel and Zurich Gilbert Schintgen, Member Managing Director, UBS Fund Management (Luxembourg) S.A., Luxembourg Christian Eibel, Member (until 6 December 2016) Executive Director, UBS AG, Basel and Zurich Auditor of the Fund PricewaterhouseCoopers, Société coopérative 2, rue Gerhard Mercator, B.P. 1443, L-1014 Luxembourg Auditor of the Management Company ERNST & YOUNG S.A. 35E, avenue J.F. Kennedy L-1855 Luxembourg Sale in Switzerland Representative UBS Fund Management (Switzerland) AG Aeschenplatz 6, CH-4052 Basel Paying agents UBS Switzerland AG, Bahnhofstrasse 45, CH-8001 Zurich and its offices in Switzerland The sales prospectus, the KIID, management regulations, annual and semi-annual reports as well as the portfolio movements of the investment fund mentioned in this publication are available free of charge from UBS Switzerland AG, Postfach, CH-8001 Zurich and from UBS Fund Management (Switzerland) AG, P.O. Box, CH-4002 Basel. Portfolio Manager UBS AG, UBS Asset Management Basel and Zurich Depositary and Main Paying Agent UBS Europe SE, Luxembourg Branch 33A, avenue J.F. Kennedy L-1855 Luxembourg Sale in Germany Paying and information agent UBS Europe SE, Bockenheimer Landstr. 2-4 D-60306 Frankfurt am Main The sales prospectus, the KIID, management regulations, annual and semi-annual reports as well as the portfolio movements of the investment fund mentioned in this publication are available free of charge from UBS Europe SE, Bockenheimer Landstr. 2-4, D-60306 Frankfurt am Main. Administrative Agent UBS Fund Services (Luxembourg) S.A. 33A, avenue J.F. Kennedy L-1855 Luxembourg UBS (Lux) Money Market Fund 2

Sale in Liechtenstein Paying agent Liechtensteinische Landesbank AG Städtle 44, FL-9490 Vaduz Sale in Austria, in Chile, in Cyprus, in Denmark, in Finland, in France, in Greece, in Iceland, in Italy, in Japan, in the Netherlands, in Norway, in Singapore*, in Spain, in Sweden, in Taiwan and in the United Kingdom * Restricted foreign scheme Units of this Fund may be sold in these countries. The sales prospectus, the KIID, management regulations, annual and semi-annual reports as well as the portfolio movements of the investment fund mentioned in this publication are available free of charge at the sales agencies and at the registered office of the Management Company. UBS (Lux) Money Market Fund 3

Features of the Fund UBS (Lux) Money Market Fund (hereinafter called the Fund ) offers investors a range of different subfunds ( umbrella construction ) which invest in accordance with the investment policy described in the sales prospectus. The sales prospectus contains specific details on each subfund and will be updated each time a new subfund is issued. UBS (Lux) Money Market Fund is subject to Part I of the amended Law of 2010 as an open-ended investment fund without legally independent status in the form of a collective investment fund (fonds commun de placement, FCP). It was originally established under the name UBS (Lux) Money Market Invest in compliance with the Management Regulations approved by the Board of Directors of UBS Money Market Fund Management Company S.A. (formerly UBS Money Market Invest Management Company S.A.) on 20 October 1988. The activities of UBS Money Market Fund Management Company S.A. in its function as Management Company of UBS (Lux) Money Market Fund ended on 14 September 2010. On 15 September 2010, UBS Fund Management (Luxembourg) S.A. assumed the function of Management Company. The Fund s Management Regulations may be amended in observance of the provisions of the law. Any amendments shall be published in the Mémorial by way of a notice of deposit. The new Management Regulations enter into force on the date they are signed by the Management Company and the Depositary. The consolidated version is deposited at the Commercial and Company Register of the District Court in Luxembourg for inspection. The Fund has no legal personality as an investment fund. The entire assets of each subfund are the undivided property of all investors who have equal rights in proportion to the number of units which they hold. These assets are separate from the assets of the Management Company. The securities and other assets of the Fund are managed by the Management Company as separate trust assets in the interest and for the account of the unitholders. The Management Regulations give the Management Company the authority to establish different subfunds for the Fund as well as different unit classes with specific characteristics within these subfunds. The sales prospectus will be updated each time a new subfund or an additional unit class is issued. As at 30 April 2017, the following subfunds are active: UBS (Lux) Money Market Fund Currency AUD AUD CHF CHF EUR EUR GBP GBP USD USD Various unit classes can be offered for the subfunds. Information on which unit classes are available for which subfund can be obtained from the Administrative Agent or at www.ubs.com/funds. Units are issued as registered units only. P Units in classes with P in their name are available to all investors. Their smallest tradable unit is 0.001. Unless the Management Company decides otherwise, the initial issue price of these units amounts to AUD 1,000, BRL 4,000, CAD 1,000, CHF 1,000, CZK 20,000, EUR 500, GBP 500, HKD 10,000, JPY 100,000, PLN 5,000, RMB 10,000, RUB 35,000, SEK 7,000, SGD 1,000, USD 1,000, NZD 1,000 or ZAR 10,000. N Units in classes with N in their name (units with restrictions on the distribution partners or countries) are issued exclusively through sales agents domiciled in Spain, Italy, Portugal and Germany authorised by UBS AG, as well as, where appropriate, through sales agents in further distribution countries, provided this has been decided by the Management Company. Their smallest tradable unit is 0.001. Unless the Management Company decides otherwise, the initial issue price of these units amounts to AUD 1,000, BRL 4,000, CAD 1,000, CHF 1,000, CZK 20,000, EUR 500, GBP 500, HKD 10,000, JPY 100,000, PLN 5,000, RMB 10,000, RUB 35,000, SEK 7,000, SGD 1,000, USD 1,000, NZD 1,000 or ZAR 10,000. K-1 Units in classes with K-1 in their name are available to all investors. Their smallest tradable unit is 0.1. Unless the Management Company decides otherwise, the initial issue price of these units amounts to AUD 5 million, BRL 20 million, CAD 5 million, CHF 5 million, CZK 100 million, EUR 3 million, GBP 2.5 million, HKD 40 million, UBS (Lux) Money Market Fund 4

JPY 500 million, PLN 25 million, RMB 35 million, RUB 175 million, SEK 35 million, SGD 5 million, USD 5 million, NZD 5 million or ZAR 40 million. K-X Units in classes with K-X in their name are exclusively reserved for investors who have signed a written agreement on investing in one or more subfunds of this umbrella fund with UBS AG or UBS Asset Management (a business division of UBS AG). The costs for asset management, fund administration (comprising the costs of the Management Company, administration and Depositary) and distribution are charged to investors under the aforementioned agreements. Their smallest tradable unit is 0.001. Unless the Management Company decides otherwise, the initial issue price of these units amounts to AUD 100, BRL 400, CAD 100, CHF 100, CZK 2,000, EUR 100, GBP 100, HKD 1,000, JPY 10,000, PLN 500, RMB 1,000, RUB 3,500, SEK 700, SGD 100, USD 100, NZD 100 or ZAR 1,000. F Units in classes with F in their name are exclusively available to UBS AG or one of its affiliated companies. The units may only be acquired by UBS AG or one of its subsidiaries for their own account or as part of discretionary asset management mandates concluded with UBS AG or one of its subsidiaries. In the latter case, the units will be returned to the Fund at the prevailing net asset value at no charge upon termination of the mandate. The smallest tradable unit of these units is 0.001. Unless the Management Company decides otherwise, the initial issue price of these units amounts to AUD 100, BRL 400, CAD 100, CHF 100, CZK 2,000, EUR 100, GBP 100, HKD 1,000, JPY 10,000, PLN 500, RMB 1,000, RUB 3,500, SEK 700, SGD 100, USD 100, NZD 100 or ZAR 1,000. Q Units in classes with Q in their name are available: 1) for distribution in an eligible country as defined by List A ; or 2) to investors domiciled in other countries, if they are professionals of the financial sector and a written agreement exists with UBS AG; and who make the following investments in their own name and: (a) on their own behalf; (b) on behalf of their clients within a (discretionary) asset management agreement; (c) on behalf of their clients within the framework of an advisory relationship established in writing, in return for payment; or (d) on behalf of a collective investment managed by a professional of the financial sector. In cases (b), (c) and (d), said professional has been duly authorised by the supervisory authority to which he/she is subject to carry out such transactions, and is domiciled in an eligible country as defined by List B and/or is operating in their own name and on behalf of another professional of the financial sector who has been authorised in writing by UBS AG and is domiciled in one of the countries covered by List B or List C in cases (b) and (c) respectively. Admission of investors in further distribution countries (changes to lists A, B and C) shall be decided by the Management Company at its sole discretion and disclosed on www.ubs.com/funds. The smallest tradable unit of these units is 0.001. Unless the Management Company decides otherwise, the initial issue price of these units amounts to AUD 100, BRL 400, CAD 100, CHF 100, CZK 2,000, EUR 100, GBP 100, HKD 1,000, JPY 10,000, PLN 500, RMB 1,000, RUB 3,500, SEK 700, SGD 100, USD 100, NZD 100 or ZAR 1,000. I-A1 Units in classes with I-A1 in their name are exclusively reserved for institutional investors within the meaning of Article 174 (2) (c) of the amended Law of 2010. Their smallest tradable unit is 0.001. Unless the Management Company decides otherwise, the initial issue price of these units amounts to AUD 1,000, BRL 4,000, CAD 1,000, CHF 1,000, CZK 20,000, EUR 500, GBP 500, HKD 10,000, JPY 100,000, PLN 5,000, RMB 10,000, RUB 35,000, SEK 7,000, SGD 1,000, USD 1,000, NZD 1,000 or ZAR 10,000. I-A2 Units in classes with I-A2 in their name are exclusively reserved for institutional investors within the meaning of Article 174 (2) (c) of the amended Law of 2010. Their smallest tradable unit is 0.001. Unless the Management Company decides otherwise, the initial issue price of these units is AUD 1,000, BRL 4,000, CAD 1,000, CHF 1,000, CZK 20,000, EUR 500, GBP 500, HKD 10,000, JPY 100,000, PLN 5,000, RMB 10,000, RUB 35,000, SEK 7,000, SGD 1,000, USD 1,000, NZD 1,000 or ZAR 10,000. The minimum subscription amount for these units is CHF 10 million (or the corresponding currency equivalent). Upon subscription (i) a minimum subscription must be made pursuant to the list above; (ii) based on a written agreement of the institutional investor with UBS AG (or with one of its authorised counterparties), the investor s total assets managed by UBS or its portfolio in collective capital investments of UBS must be more than CHF 30 million (or the corresponding currency equivalent) or (iii) the institutional investor is an occupational pension institution of the UBS Group AG or one of their whollyowned group companies. UBS (Lux) Money Market Fund 5

I-A3 Units in classes with I-A3 in their name are exclusively reserved for institutional investors within the meaning of Article 174 (2) (c) of the amended Law of 2010. Their smallest tradable unit is 0.001. Unless the Management Company decides otherwise, the initial issue price of these units amounts to AUD 1,000, BRL 4,000, CAD 1,000, CHF 1,000, CZK 20,000, EUR 500, GBP 500, HKD 10,000, JPY 100,000, PLN 5,000, RMB 10,000, RUB 35,000, SEK 7,000, SGD 1,000, USD 1,000, NZD 1,000 or ZAR 10,000. The minimum subscription amount for these units is CHF 30 million (or the corresponding currency equivalent). Upon subscription (i) a minimum subscription must be made pursuant to the list above; (ii) based on a written agreement of the institutional investor with UBS AG (or with one of its authorised counterparties), the investor s total assets managed by UBS or its portfolio in collective capital investments of UBS must be more than CHF 100,000,000 (or the corresponding currency equivalent) or (iii) the institutional investor is an occupational pension institution of the UBS Group AG or one of their whollyowned group companies. I-B Units in classes with I-B in their name are exclusively reserved for institutional investors within the meaning of Article 174 (2) (c) of the amended Law of 2010 who have signed a written agreement on investing in one or more subfunds of this umbrella fund with UBS AG or one of its authorised counterparties. A fee covering the costs for fund administration (comprising the costs of the Management Company, administration and Depositary) is charged directly to the subfund. The costs for asset management and distribution are charged to investors under the aforementioned agreements. Their smallest tradable unit is 0.001. Unless the Management Company decides otherwise, the initial issue price of these units amounts to AUD 1,000, BRL 4,000, CAD 1,000, CHF 1,000, CZK 20,000, EUR 500, GBP 500, HKD 10,000, JPY 100,000, PLN 5,000, RMB 10,000, RUB 35,000, SEK 7,000, SGD 1,000, USD 1,000, NZD 1,000 or ZAR 10,000. I-X Units in classes with I-X in their name are exclusively reserved for institutional investors within the meaning of Article 174 (2) (c) of the amended Law of 2010 who have signed a written agreement on investing in one or more subfunds of this umbrella fund with UBS AG or one of its authorised counterparties. The costs for asset management, fund administration (comprising the costs of the Management Company, administration and Depositary) and distribution are charged to investors under the aforementioned agreements. Their smallest tradable unit is 0.001. Unless the Management Company decides otherwise, the initial issue price of these units amounts to AUD 1,000, BRL 4,000 CAD 1,000, CHF 1,000, CZK 20,000, EUR 500, GBP 500, HKD 10,000, JPY 100,000, PLN 5,000, RMB 10,000, RUB 35,000, SEK 7,000, SGD 1,000, USD 1,000, NZD 1,000 or ZAR 10,000. U-X Units in classes with U-X in their name are exclusively reserved for institutional investors within the meaning of Article 174 (2) (c) of the amended Law of 2010 who have signed a written agreement on investing in one or more subfunds of this umbrella fund with UBS AG or one of its authorised counterparties. The costs for asset management, fund administration (comprising the costs of the Management Company, administration and Depositary) and distribution are charged to investors under the aforementioned agreements. This unit class is exclusively geared towards financial products (i.e. fund of funds or other pooled structures in accordance with different legislation). Their smallest tradable unit is 0.001. Unless the Management Company decides otherwise, the initial issue price of these units amounts to AUD 10,000, BRL 40,000, CAD 10,000, CHF 10,000, CZK 200,000, EUR 10,000, GBP 10,000, HKD 100,000, JPY 1 million, PLN 50,000, RMB 100,000, RUB 350,000, SEK 70,000, SGD 10,000, USD 10,000, NZD 10,000 or ZAR 100,000. Additional characteristics: Currency The unit classes may be denominated in AUD, BRL, CAD, CHF, CZK, EUR, GBP, HKD, JPY, PLN, RMB, RUB, SEK, SGD, USD, NZD or ZAR. For unit classes issued in the currency of account of the respective subfund, the respective currency will not be included in the unit class name. The currency of account features in the name of the relevant subfund. hedged For unit classes with hedged in their name and denominated in a currency other than the subfund s currency of account, foreign exchange transactions and currency forwards are conducted in order to hedge the net asset value of the subfund, calculated in the currency of account, against the net asset values of the unit classes denominated in other currencies. Although it will not be possible to fully hedge the total net asset value of a unit class against currency fluctuations of the currency of account, the aim is to secure a currency hedge for the currency of account against the corresponding currency of the unit classes equivalent to between 90% and 110% of the net asset value. Changes in the value of the hedged sections of the portfolio and the volume of subscription UBS (Lux) Money Market Fund 6

and redemption requests for units not denominated in the currency of account may, however, result in the level of currency hedging temporarily surpassing the stated limits. The Management Company and Portfolio Manager will take all the necessary steps to bring the hedging to the aforementioned limits. BRL hedged The Brazilian real (currency code pursuant to ISO 4217: BRL) may be subject to exchange control regulations and repatriation limits set by the Brazilian government. Prior to investing in BRL classes, investors should also bear in mind that the availability and tradability of BRL classes, and the conditions under which they may be available or traded, depend to a large extent on the political and regulatory developments in Brazil. As a result, the hedging may not be between 90% and 110% of the total net assets. Potential investors should be aware of the risks of reinvestment, which could arise if the BRL class has to be liquidated early due to political and/or regulatory circumstances. This does not apply to the reinvestment risk due to liquidation of a unit class and/or the subfund in accordance with the section Liquidation and merger of the Fund and its subfunds or unit classes; merger of subfunds of the sales prospectus. RMB hedged Investors should note that the renminbi (ISO 4217 currency code: CNY), the official currency of the People s Republic of China (the PRC ), is traded on two markets, namely as onshore RMB (CNY) in mainland China and offshore RMB (CNH) outside mainland China. Units in classes with RMB hedged in their name are units whose net asset value is calculated in offshore RMB (CNH). Onshore RMB (CNY) is not a freely convertible currency and is subject to foreign exchange control policies and repatriation restrictions imposed by the PRC government. Offshore RMB (CNH), on the other hand, may be traded freely against other currencies, particularly EUR, CHF and USD. This means the exchange rate between offshore RMB (CNH) and other currencies is determined on the basis of supply and demand relating to the respective currency pair. RMB convertibility between offshore RMB (CNH) and onshore RMB (CNY) is a regulated currency process subject to foreign exchange control policies and repatriation restrictions imposed by the PRC government in coordination with offshore regulatory or governmental agencies (e.g. the Hong Kong Monetary Authority). Prior to investing in RMB classes, investors should bear in mind that the requirements relating to regulatory reporting and fund accounting of offshore RMB (CNH) are not clearly regulated. Furthermore, investors should be aware that offshore RMB (CNH) and onshore RMB (CNY) have different exchange rates against other currencies. The value of offshore RMB (CNH) can potentially differ significantly from that of onshore RMB (CNY) due to a number of factors including, without limitation, foreign exchange control policies and repatriation restrictions imposed by the PRC government at certain times, as well as other external market forces. Any devaluation of offshore RMB (CNH) could adversely affect the value of investors investments in the RMB classes. Investors should therefore take these factors into account when calculating the conversion of their investments and the ensuing returns from offshore RMB (CNH) into their target currency. Prior to investing in RMB classes, investors should also bear in mind that the availability and tradability of RMB classes, and the conditions under which they may be available or traded, depend to a large extent on the political and regulatory developments in the PRC. Thus, no guarantee can be given that offshore RMB (CNH) or the RMB classes will be offered and/or traded in future, nor can there be any guarantee as to the conditions under which offshore RMB (CNH) and/or RMB classes may be made available or traded. In particular, since the currency of account of the relevant subfunds offering the RMB classes would be in a currency other than offshore RMB (CNH), the ability of the relevant subfund to make redemption payments in offshore RMB (CNH) would be subject to the subfund s ability to convert its currency of account into offshore RMB (CNH) which may be restricted by the availability of offshore RMB (CNH) or other circumstances beyond the control of the Management Company. Potential investors should be aware of the risks of reinvestment, which could arise if the RMB class has to be liquidated early due to political and/or regulatory circumstances. This does not apply to the reinvestment risk due to liquidation of a unit class and/or the subfund in accordance with the section Liquidation and merger of the Fund and its subfunds or unit classes; merger of subfunds of the sales prospectus. acc For unit classes with -acc in their name, income is not distributed unless the Management Company decides otherwise. UBS (Lux) Money Market Fund 7

dist For unit classes with -dist in their name, income is distributed unless the Management Company decides otherwise. qdist Units in classes with -qdist in their name may make quarterly distributions, excluding fees and expenses. Distributions may also be made out of the capital (this can contain, inter alia, realised and unrealised net gains in the net asset value) ( capital ). Distributions out of capital shall result in the reduction of an investor s original capital invested in the subfund. Furthermore, any distributions from the income and/or involving the capital result in an immediate reduction of the net asset value per unit of the subfund. Investors in certain countries may be subject to higher tax rates on distributed capital than on any capital gains from the sale of Fund units. Some investors may therefore choose to invest in the accumulating (-acc) instead of the distributing (-dist, -qdist) unit classes. Investors may be taxed at a later point in time than is the case with on income and capital arising on accumulating (-acc) unit classes compared to distributing (-dist) unit classes. Investors should seek their own tax advice. mdist Units in classes with -mdist in their name make monthly distributions, excluding fees and expenses. Distributions may also be made out of the capital. Distributions out of capital result in the reduction of an investor s original capital invested in the subfund. Furthermore, any distributions from the income and/or involving the capital result in an immediate reduction of the net asset value per unit of the subfund. Investors in certain countries may be subject to higher tax rates on distributed capital than on any capital gains from the sale of Fund units. Some investors may therefore choose to invest in the accumulating (-acc) instead of the distributing (-dist, -mdist) unit classes. Investors may be taxed at a later point in time on income and capital arising on accumulating (-acc) unit classes compared to distributing (-dist) unit classes. Investors should seek their own tax advice. The maximum issuing commission for units in classes with -mdist in their name is 6%. The Fund is subject to no restrictions with regard to the size of its net assets, the number of units, number of subfunds and unit classes and duration of the Fund and its subfunds. The Fund forms a legal entity. With respect to the unitholders, each subfund is regarded as being separate from the others. The assets of a subfund can only be used to offset the liabilities which the subfund concerned has assumed. The acquisition of Fund units implies acceptance of the Management Regulations by the unitholder. The Management Regulations do not provide for a general meeting of the unitholders. The financial year of the Fund ends on the last day of October. Information on whether a subfund of the Fund is listed on the Luxembourg Stock Exchange can be obtained from the Administrative Agent or the Luxembourg Stock Exchange website (www.bourse.lu). The issue and redemption of units of the Fund are subject to the regulations prevailing in the country concerned. Only the information contained in the sales prospectus, in the simplified prospectus and in one of the documents referred to therein shall be deemed to be valid. The annual and semi-annual reports are available free of charge to unitholders at the registered office of the Management Company and the Depositary. No subscription may be accepted on the basis of the financial reports. Subscriptions are accepted only on the basis of the current prospectus accompanied by the latest annual report and the latest semi-annual report if available. The figures stated in this report are historical and not necessarily indicative of future performance. UKdist The aforementioned unit classes can be issued as those with UKdist in their name. In these cases, the Management Company intends to distribute a sum which corresponds to 100% of the reportable income within the meaning of the UK reporting fund rules when the unit classes are subject to the reporting fund rules. The Management Company does not intend to make available taxable values in other countries for this unit class, as these unit classes are intended for investors whose investment in the unit class is liable to tax in the UK. UBS (Lux) Money Market Fund 8

UBS (Lux) Money Market Fund Consolidated Statement of Net Assets USD Assets 30.4.2017 Investments in securities, cost 7 390 372 707.33 Investments in securities, unrealized appreciation (depreciation) 6 451 856.95 Total investments in securities (Note 1) 7 396 824 564.28 Cash at banks, deposits on demand and deposit accounts (Note 1) 188 214 262.64 Time deposits and fiduciary deposits (Note 1) 103 683 968.61 Receivable on subscriptions 31 432 056.07 Interest receivable on securities 9 429 963.00 Interest receivable on liquid assets 8 244.97 Other assets 55 062.59 Unrealized gain (loss) on forward foreign exchange contracts (Note 1) -426 212.57 Total Assets 7 729 221 909.59 Liabilities Interest payable on bank overdraft -119 458.14 Payable on securities purchases (Note 1) -238 745 714.87 Payable on redemptions -32 781 135.25 Provisions for flat fee (Note 2) -1 209 625.35 Provisions for taxe d abonnement (Note 3) -70 665.06 Provisions for other commissions and fees (Note 2) -131 900.68 Total provisions -1 412 191.09 Total Liabilities -273 058 499.35 Net assets at the end of the period 7 456 163 410.24 Consolidated Statement of Operations USD Income 1.11.2016-30.4.2017 Interest on liquid assets 281 960.24 Interest on securities 12 215 169.45 Other income 36 284.15 Total income 12 533 413.84 Expenses Flat fee (Note 2) -12 792 406.66 Taxe d abonnement (Note 3) -381 555.67 Other commissions and fees (Note 2) -466 831.96 Interest on cash and bank overdraft* -736 551.95 Total expenses -14 377 346.24 Net income (loss) on investments -1 843 932.40 Realized gain (loss) (Note 1) Realized gain (loss) on market-priced securities without options -11 488 221.70 Realized gain (loss) on yield-evaluated securities and money market instruments 12 064 301.06 Realized gain (loss) on forward foreign exchange contracts -2 077 718.83 Realized gain (loss) on foreign exchange -647 537.72 Total realized gain (loss) -2 149 177.19 Net realized gain (loss) of the period -3 993 109.59 Changes in unrealized appreciation (depreciation) (Note 1) Unrealized appreciation (depreciation) on market-priced securities without options 2 007 850.55 Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments 2 477 164.22 Unrealized appreciation (depreciation) on forward foreign exchange contracts 1 127 596.39 Total changes in unrealized appreciation (depreciation) 5 612 611.16 Net increase (decrease) in net assets as a result of operations 1 619 501.57 * The interest expenses are related to the negative interest rate applied to the cash account denominated in CHF. This negative interest rate is directly linked to the negative CHF interbank rates. UBS (Lux) Money Market Fund The notes are an integral part of the financial statements. 9

UBS (Lux) Money Market Fund AUD Most important figures Date ISIN 30.4.2017 31.10.2016 31.10.2015 Net assets in AUD 255 168 830.00 251 863 343.67 311 935 552.02 F-acc 1 LU0454363226 Units outstanding - - 340.0010 Net asset value per unit in AUD - - 2 261.65 I-A2-dist 2 LU0395201097 Units outstanding - - 15 000.0000 Net asset value per unit in AUD - - 1 015.75 K-1-acc LU0395200446 Units outstanding 0.8000 0.8000 0.8000 Net asset value per unit in AUD 6 470 912.04 6 417 001.30 6 289 568.39 P-acc LU0066649970 Units outstanding 105 248.5790 104 603.1060 127 188.7090 Net asset value per unit in AUD 2 279.21 2 265.70 2 231.31 Q-acc LU0395200792 Units outstanding 93 658.8960 90 907.6620 67 695.0610 Net asset value per unit in AUD 107.93 107.03 104.90 1 The unit class F-acc was in circulation until 20.4.2016 2 For the period from 13.2.2015 to 28.6.2016 the unit class I-A2-dist was in circulation. Structure of the Securities Portfolio Geographical Breakdown as a % of net assets Australia 22.80 France 18.09 Germany 16.41 The Netherlands 12.50 Luxembourg 8.95 United Kingdom 4.69 Finland 4.28 United States 3.99 Norway 2.73 Canada 2.11 Supranationals 0.28 Total 96.83 Economic Breakdown as a % of net assets Banks & credit institutions 70.52 Public, non-profit institutions 9.40 Finance & holding companies 7.63 Healthcare & social services 4.31 Real Estate 3.12 Vehicles 1.57 Supranational organisations 0.28 Total 96.83 UBS (Lux) Money Market Fund AUD 10 The notes are an integral part of the financial statements.

Statement of Net Assets AUD Assets 30.4.2017 Investments in securities, cost 246 325 588.90 Investments in securities, unrealized appreciation (depreciation) 746 306.29 Total investments in securities (Note 1) 247 071 895.19 Time deposits and fiduciary deposits (Note 1) 12 808 047.49 Receivable on subscriptions 231 777.24 Interest receivable on securities 768 047.47 Interest receivable on liquid assets 1 809.32 Other assets 2 875.10 Total Assets 260 884 451.81 Liabilities Payable on redemptions -5 621 242.01 Provisions for flat fee (Note 2) -88 948.53 Provisions for taxe d abonnement (Note 3) -2 313.35 Provisions for other commissions and fees (Note 2) -3 117.92 Total provisions -94 379.80 Total Liabilities -5 715 621.81 Net assets at the end of the period 255 168 830.00 Statement of Operations AUD Income 1.11.2016-30.4.2017 Interest on liquid assets 32 017.78 Interest on securities 856 659.67 Total income 888 677.45 Expenses Flat fee (Note 2) -830 738.45 Taxe d abonnement (Note 3) -12 175.90 Other commissions and fees (Note 2) -1 923.76 Interest on cash and bank overdraft -4 711.26 Total expenses -849 549.37 Net income (loss) on investments 39 128.08 Realized gain (loss) (Note 1) Realized gain (loss) on market-priced securities without options -776 139.19 Realized gain (loss) on yield-evaluated securities and money market instruments 2 007 324.17 Realized gain (loss) on foreign exchange -33.07 Total realized gain (loss) 1 231 151.91 Net realized gain (loss) of the period 1 270 279.99 Changes in unrealized appreciation (depreciation) (Note 1) Unrealized appreciation (depreciation) on market-priced securities without options 292 345.34 Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments -91 418.56 Total changes in unrealized appreciation (depreciation) 200 926.78 Net increase (decrease) in net assets as a result of operations 1 471 206.77 UBS (Lux) Money Market Fund AUD The notes are an integral part of the financial statements. 11

Statement of Changes in Net Assets AUD 1.11.2016-30.4.2017 Net assets at the beginning of the period 251 863 343.67 Subscriptions 117 495 374.77 Redemptions -115 661 095.21 Total net subscriptions (redemptions) 1 834 279.56 Net income (loss) on investments 39 128.08 Total realized gain (loss) 1 231 151.91 Total changes in unrealized appreciation (depreciation) 200 926.78 Net increase (decrease) in net assets as a result of operations 1 471 206.77 Net assets at the end of the period 255 168 830.00 Development of the outstanding units 1.11.2016-30.4.2017 K-1-acc Number of units outstanding at the beginning of the period 0.8000 Number of units issued 0.0000 Number of units redeemed 0.0000 Number of units outstanding at the end of the period 0.8000 P-acc Number of units outstanding at the beginning of the period 104 603.1060 Number of units issued 51 134.9530 Number of units redeemed -50 489.4800 Number of units outstanding at the end of the period 105 248.5790 Q-acc Number of units outstanding at the beginning of the period 90 907.6620 Number of units issued 11 439.7800 Number of units redeemed -8 688.5460 Number of units outstanding at the end of the period 93 658.8960 UBS (Lux) Money Market Fund AUD 12 The notes are an integral part of the financial statements.

Statement of Investments in Securities and other Net Assets as of 30 April 2017 Description Quantity/ Valuation in AUD 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 Medium term notes, fixed rate AUD AUD ASIAN DEVELOPMENT BANK 3.50000% 12-05.07.17 715 000.00 717 180.75 0.28 AUD BMW FINANCE NV 4.25000% 13-22.11.17 4 000 000.00 4 045 440.00 1.58 AUD CANADIAN IMPERIAL BANK OF COMMERCE/CAD 4.25000% 12-24.01.18 5 304 000.00 5 374 596.24 2.11 AUD MERCEDES-BENZ AUSTRALIA/PACIFIC-REG-S 3.37500% 14-18.08.17 4 000 000.00 4 012 080.00 1.57 AUD NESTLE HOLDINGS INC-REG-S 4.00000% 12-13.10.17 10 097 000.00 10 182 319.65 3.99 AUD RABOBANK NEDERLAND NV 4.12500% 12-13.11.17 5 144 000.00 5 196 057.28 2.04 AUD RABOBANK NEDERLAND NV-REG-S 4.25000% 13-22.01.18 1 808 000.00 1 833 022.72 0.72 AUD TOTAL CAPITAL INTERNATIONAL SA 4.12500% 12-26.06.17 5 228 000.00 5 243 108.92 2.06 Total AUD 36 603 805.56 14.35 Total Medium term notes, fixed rate 36 603 805.56 14.35 Total Transferable securities and money market instruments listed on an official stock exchange 36 603 805.56 14.35 Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market Euro Commercial Papers, zero coupon AUD AUD AGENCE CENTRALE ORG SS-REG-S ECP 0.00000% 18.11.16-18.05.17 11 000 000.00 10 990 575.33 4.31 Total AUD 10 990 575.33 4.31 Total Euro Commercial Papers, zero coupon 10 990 575.33 4.31 Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market 10 990 575.33 4.31 Other money market instruments in accordance with Article 41 (1) h) of the amended Luxembourg law of 17 December 2010 Euro Certificates of Deposit, zero coupon AUD AUD MIZUHO CORPORATE BANK SYDNEY ECD 0.00000% 09.03.17-09.06.17 7 000 000.00 6 986 042.03 2.74 AUD SUMITOMO MITSUI BANKING AUST ECD 0.00000% 21.04.17-21.07.17 8 000 000.00 7 966 368.08 3.12 AUD UOB AUSTRALIA LTD ECD 0.00000% 18.11.16-18.08.17 8 000 000.00 7 956 074.24 3.12 Total AUD 22 908 484.35 8.98 Total Euro Certificates of Deposit, zero coupon 22 908 484.35 8.98 Euro Commercial Papers, zero coupon AUD AUD AMP BANK LTD ECP 0.00000% 26.04.17-26.10.17 7 500 000.00 7 421 331.33 2.91 AUD BANK NEDERLANDSE GEMEENTEN NV ECP 0.00000% 18.04.17-18.10.17 11 000 000.00 10 911 804.80 4.28 AUD BANQUE ET ECP 0.00000% 16.02.17-16.11.17 9 000 000.00 8 908 958.03 3.49 AUD BGL BNP PARIBAS SA ECP 0.00000% 13.03.17-15.05.17 7 000 000.00 6 994 351.65 2.74 AUD BPCE SA ECP 0.00000% 02.12.16-02.06.17 8 000 000.00 7 987 564.98 3.13 AUD CAISSE D AMORTISSEMENT DETTE ECP 0.00000% 21.11.16-22.05.17 12 000 000.00 11 988 213.51 4.70 AUD CAISSE DEPOTS & CONSIGN-REG-S ECP 0.00000% 09.11.16-09.08.17 10 000 000.00 9 955 608.34 3.90 AUD COMMONWEALTH BANK AUSTRALIA ECP 0.00000% 27.03.17-27.09.17 8 000 000.00 7 941 366.94 3.11 AUD DNB NOR BANK ASA ECP 0.00000% 03.03.17-05.09.17 7 000 000.00 6 957 702.36 2.73 AUD DZ PRIVATBANK SA-REG-S ECP 0.00000% 13.02.17-13.11.17 7 000 000.00 6 930 012.54 2.71 AUD FMS WERTMANAGEMENT-REG-S ECP 0.00000% 06.12.16-08.05.17 12 000 000.00 11 995 294.15 4.70 AUD ING BANK NV SYDNEY-REG-S ECP 0.00000% 21.02.17-21.08.17 7 000 000.00 6 958 586.42 2.73 AUD KREDITANSTALT FUER WIEDERAUF ECP 0.00000% 20.03.17-20.06.17 14 000 000.00 13 967 483.31 5.47 AUD LANDESBANK HESSEN-TH GZ-REG-S ECP 0.00000% 13.04.17-13.10.17 8 000 000.00 7 931 232.95 3.11 AUD LANDESKREDITBANK B-WUER-REG-S ECP 0.00000% 31.10.16-31.07.17 8 000 000.00 7 970 437.92 3.12 AUD NATIONAL AUSTRALIA BANK LTD ECP 0.00000% 09.03.17-11.09.17 9 000 000.00 8 946 368.66 3.50 AUD NEDERLANDSE WATERSCHAPSBANK ECP 0.00000% 24.04.17-24.10.17 10 000 000.00 9 918 786.71 3.89 AUD OP CORPORATE BANK PLC ECP 0.00000% 07.03.17-07.09.17 7 500 000.00 7 449 473.05 2.92 AUD OP CORPORATE BANK PLC ECP 0.00000% 18.04.17-18.10.17 3 500 000.00 3 467 970.24 1.36 AUD STANDARD CHARTERED BANK ECP 0.00000% 21.03.17-21.07.17 5 000 000.00 4 978 328.81 1.95 AUD TORONTO DOMINION BANK ECP 0.00000% 07.03.17-07.06.17 7 000 000.00 6 988 153.25 2.74 Total AUD 176 569 029.95 69.19 Total Euro Commercial Papers, zero coupon 176 569 029.95 69.19 Total Other money market instruments in accordance with Article 41 (1) h) of the amended Luxembourg law of 17 December 2010 199 477 514.30 78.17 Total investments in securities 247 071 895.19 96.83 Time deposits and fiduciary deposits 12 808 047.49 5.02 Other assets and liabilities -4 711 112.68-1.85 Total net assets 255 168 830.00 100.00 UBS (Lux) Money Market Fund AUD The notes are an integral part of the financial statements. 13

UBS (Lux) Money Market Fund CHF Most important figures Date ISIN 30.4.2017 31.10.2016 31.10.2015 Net assets in CHF 779 045 096.97 879 422 367.05 1 161 609 210.59 F-acc LU0454362921 Units outstanding 923 469.9270 838 571.2510 182 379.5500 Net asset value per unit in CHF 98.01 98.45 99.38 K-1-acc LU0395198798 Units outstanding 1.0000 1.0000 1.0000 Net asset value per unit in CHF 4 923 988.13 4 945 562.09 4 992 483.49 P-acc LU0033502740 Units outstanding 477 891.8750 573 318.8220 705 211.5450 Net asset value per unit in CHF 1 148.01 1 153.07 1 163.95 Q-acc LU0395198954 Units outstanding 70 025.9270 92 610.5480 867.5250 Net asset value per unit in CHF 98.53 98.97 99.91 U-X-acc LU0395200107 Units outstanding 12 982.1980 12 282.1980 31 772.0000 Net asset value per unit in CHF 9 866.42 9 907.17 9 995.38 Structure of the Securities Portfolio Geographical Breakdown as a % of net assets Switzerland 19.29 France 14.00 Australia 11.91 The Netherlands 8.82 Sweden 6.94 United States 4.14 Canada 3.39 Finland 3.35 Germany 2.77 Denmark 1.96 Luxembourg 1.29 New Zealand 1.27 Norway 1.19 United Kingdom 1.10 Austria 0.97 Total 82.39 Economic Breakdown as a % of net assets Banks & credit institutions 50.22 Countries & central governments 15.42 Finance & holding companies 10.05 Mortgage & funding institutions 5.37 Real Estate 0.74 Cantons, federal states 0.59 Total 82.39 UBS (Lux) Money Market Fund CHF 14 The notes are an integral part of the financial statements.

Statement of Net Assets CHF Assets 30.4.2017 Investments in securities, cost 646 145 384.31 Investments in securities, unrealized appreciation (depreciation) -4 260 932.64 Total investments in securities (Note 1) 641 884 451.67 Cash at banks, deposits on demand and deposit accounts (Note 1) 125 640 303.74 Receivable on subscriptions 10 004 853.03 Interest receivable on securities 4 441 034.09 Other assets 45 222.73 Total Assets 782 015 865.26 Liabilities Interest payable on bank overdraft -92 108.98 Payable on redemptions -2 842 933.51 Provisions for flat fee (Note 2) -17 181.72 Provisions for taxe d abonnement (Note 3) -7 276.79 Provisions for other commissions and fees (Note 2) -11 267.29 Total provisions -35 725.80 Total Liabilities -2 970 768.29 Net assets at the end of the period 779 045 096.97 Statement of Operations CHF Income 1.11.2016-30.4.2017 Interest on liquid assets 101 173.07 Interest on securities 3 980 342.74 Other income 36 119.06 Total income 4 117 634.87 Expenses Flat fee (Note 2) -172 780.01 Taxe d abonnement (Note 3) -40 214.33 Other commissions and fees (Note 2) -2 993.98 Interest on cash and bank overdraft* -556 161.13 Total expenses -772 149.45 Net income (loss) on investments 3 345 485.42 Realized gain (loss) (Note 1) Realized gain (loss) on market-priced securities without options -5 053 153.39 Realized gain (loss) on yield-evaluated securities and money market instruments -2 166 860.55 Realized gain (loss) on foreign exchange -10.66 Total realized gain (loss) -7 220 024.60 Net realized gain (loss) of the period -3 874 539.18 Changes in unrealized appreciation (depreciation) (Note 1) Unrealized appreciation (depreciation) on market-priced securities without options -249 027.62 Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments 564 111.88 Total changes in unrealized appreciation (depreciation) 315 084.26 Net increase (decrease) in net assets as a result of operations -3 559 454.92 * The interest expenses are related to the negative interest rate applied to the cash account denominated in CHF. This negative interest rate is directly linked to the negative CHF interbank rates. UBS (Lux) Money Market Fund CHF The notes are an integral part of the financial statements. 15

Statement of Changes in Net Assets CHF 1.11.2016-30.4.2017 Net assets at the beginning of the period 879 422 367.05 Subscriptions 186 774 943.23 Redemptions -283 592 758.39 Total net subscriptions (redemptions) -96 817 815.16 Net income (loss) on investments 3 345 485.42 Total realized gain (loss) -7 220 024.60 Total changes in unrealized appreciation (depreciation) 315 084.26 Net increase (decrease) in net assets as a result of operations -3 559 454.92 Net assets at the end of the period 779 045 096.97 Development of the outstanding units 1.11.2016-30.4.2017 F-acc Number of units outstanding at the beginning of the period 838 571.2510 Number of units issued 862 117.9920 Number of units redeemed -777 219.3160 Number of units outstanding at the end of the period 923 469.9270 K-1-acc Number of units outstanding at the beginning of the period 1.0000 Number of units issued 0.0000 Number of units redeemed 0.0000 Number of units outstanding at the end of the period 1.0000 P-acc Number of units outstanding at the beginning of the period 573 318.8220 Number of units issued 78 694.0620 Number of units redeemed -174 121.0090 Number of units outstanding at the end of the period 477 891.8750 Q-acc Number of units outstanding at the beginning of the period 92 610.5480 Number of units issued 21 835.5550 Number of units redeemed -44 420.1760 Number of units outstanding at the end of the period 70 025.9270 U-X-acc Number of units outstanding at the beginning of the period 12 282.1980 Number of units issued 956.0000 Number of units redeemed -256.0000 Number of units outstanding at the end of the period 12 982.1980 UBS (Lux) Money Market Fund CHF 16 The notes are an integral part of the financial statements.

Statement of Investments in Securities and other Net Assets as of 30 April 2017 Description Quantity/ Valuation in CHF 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 Medium term notes, fixed rate CHF CHF ANZ NEW ZEALAND INT L LTD/LDN 1.50000% 12-27.02.18 3 600 000.00 3 660 480.00 0.47 CHF AUSTRALIA & NEW ZEALAND BANKING GROUP 2.62500% 11-27.10.17 6 610 000.00 6 713 116.00 0.86 CHF BANK NEDERLANDSE GEMEENTEN NV 1.50000% 10-03.11.17 5 000 000.00 5 055 000.00 0.65 CHF BMW FINANCE NV 1.75000% 11-29.09.17 14 650 000.00 14 799 430.00 1.90 CHF BNZ INTERNATIONAL FUND LTD/LONDON 1.50000% 12-22.01.18 9 760 000.00 9 908 352.00 1.27 CHF BUNDESIMMOBILIEN GESELLSCHAFT MBH 3.25000% 08-02.10.17 5 680 000.00 5 774 288.00 0.74 CHF CAISSE DE REFINANCEMENT DE L HABITAT 1.12500% 12-21.09.17 16 120 000.00 16 231 228.00 2.08 CHF CAISSE DES DEPOTS ET CONSIGNATIONS 3.25000% 07-13.11.17 4 500 000.00 4 594 050.00 0.59 CHF CANADIAN IMPERIAL BANK OF COMMERCE/CAD 1.75000% 10-30.06.17 20 215 000.00 20 295 860.00 2.60 CHF COMMONWEALTH BANK OF AUSTRALIA 3.00000% 09-09.11.17 22 080 000.00 22 501 728.00 2.89 CHF COMPAGNIE DE FINANCEMENT FONCIER 2.00000% 10-20.12.17 12 380 000.00 12 586 746.00 1.62 CHF CREDIT AGRICOLE HOME LOAN SFH SA 1.75000% 10-27.07.17 11 475 000.00 11 540 407.50 1.48 CHF DANSKE BANK AS 2.25000% 10-12.09.17 15 100 000.00 15 266 100.00 1.96 CHF DEUTSCHE BAHN FINANCE BV 1.50000% 11-18.12.17 12 755 000.00 12 934 845.50 1.66 CHF DEUTSCHE BAHN FINANCE BV 0.75000% 12-21.08.17 1 000 000.00 1 004 600.00 0.13 CHF DNB BOLIGKREDITT AS 2.25000% 10-26.03.18 2 935 000.00 3 011 310.00 0.39 CHF EXPORT DEVELOPMENT CANADA 2.62500% 09-24.07.17 6 100 000.00 6 146 360.00 0.79 CHF KOMMUNALBANKEN AS 2.87500% 09-09.05.17 6 300 000.00 6 303 150.00 0.81 CHF LANDWIRTSCHAFTLICHE RENTENBANK 2.12500% 05-29.08.17 4 365 000.00 4 406 031.00 0.57 CHF NATIONAL AUSTRALIA BANK LTD 2.25000% 10-14.07.17 28 260 000.00 28 429 560.00 3.65 CHF NEDERLANDSE WATERSCHAPSBANK NV 2.00000% 10-10.10.17 6 000 000.00 6 072 000.00 0.78 CHF NEDERLANDSE WATERSCHAPSBANK NV 1.00000% 12-01.02.18 2 250 000.00 2 279 925.00 0.29 CHF NESTLE HOLDINGS INC 2.62500% 07-14.02.18 5 570 000.00 5 714 820.00 0.73 CHF NORDEA BANK AB 1.50000% 12-29.09.17 27 920 000.00 28 176 864.00 3.62 CHF OESTERREICHISCHE KONTROLLBANK AG 1.75000% 11-14.06.17 1 780 000.00 1 784 806.00 0.23 CHF RABOBANK NEDERLAND NV 2.00000% 11-31.01.18 8 000 000.00 8 159 200.00 1.05 CHF SVENSK EXPORTKREDIT AB 3.00000% 09-27.02.18 1 200 000.00 1 236 360.00 0.16 CHF SWEDBANK HYPOTEK AB 1.62500% 10-08.12.17 16 400 000.00 16 623 040.00 2.13 Total CHF 281 209 657.00 36.10 Total Medium term notes, fixed rate 281 209 657.00 36.10 Bonds, fixed rate CHF CHF CAISSE FRANCAISE DE FIN LOCAL 3.50000% 07-09.08.17 13 790 000.00 13 944 448.00 1.79 CHF GENERAL ELECTRIC CO 2.50000% 06-08.02.18 9 335 000.00 9 554 372.50 1.23 CHF GENERAL ELECTRIC CO 1.62500% 12-19.10.17 16 805 000.00 16 983 133.00 2.18 CHF HESSEN, STATE OF 3.25000% 08-22.05.17 2 500 000.00 2 505 000.00 0.32 CHF HSBC BANK PLC 2.37500% 11-04.04.18 4 790 000.00 4 919 330.00 0.63 CHF KREDITANSTALT FUER WIEDERAUFBAU 3.37500% 07-30.08.17 14 440 000.00 14 637 828.00 1.88 CHF MUNICIPALITY FINANCE PLC 1.75000% 10-26.05.17 2 050 000.00 2 053 280.00 0.26 CHF RABOBANK NEDERLAND NV 2.12500% 05-11.10.17 18 225 000.00 18 452 812.50 2.37 Total CHF 83 050 204.00 10.66 Total Bonds, fixed rate 83 050 204.00 10.66 Total Transferable securities and money market instruments listed on an official stock exchange 364 259 861.00 46.76 Transferable securities and money market instruments traded on another regulated market Treasury bills, zero coupon CHF CHF SWITZERLAND-REG-S TB 0.00000% 02.02.17-04.05.17 20 000 000.00 20 003 213.27 2.57 CHF SWITZERLAND-REG-S TB 0.00000% 09.02.17-11.05.17 10 000 000.00 10 003 256.03 1.28 CHF SWITZERLAND-REG-S TB 0.00000% 23.02.17-26.05.17 25 000 000.00 25 018 692.62 3.21 CHF SWITZERLAND-REG-S TB 0.00000% 09.03.17-08.06.17 10 000 000.00 10 011 044.28 1.28 CHF SWITZERLAND-REG-S TB 0.00000% 16.03.17-15.06.17 10 000 000.00 10 012 742.25 1.29 CHF SWITZERLAND-REG-S TB 0.00000% 20.04.17-20.07.17 25 000 000.00 25 055 476.84 3.22 CHF SWITZERLAND-REG-S TB 0.00000% 27.04.17-27.07.17 20 000 000.00 20 047 555.50 2.57 Total CHF 120 151 980.79 15.42 Total Treasury bills, zero coupon 120 151 980.79 15.42 Total Transferable securities and money market instruments traded on another regulated market 120 151 980.79 15.42 UBS (Lux) Money Market Fund CHF The notes are an integral part of the financial statements. 17