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- ＜1391 ＞ＵＢＳスイス株 平成28年12月期 中間決算短信（平成28年1月1日～平成28年6月30日）(1/2)
＜1391 ＞ＵＢＳスイス株
平成28年12月期 中間決算短信（平成28年1月1日～平成28年6月30日）(1/2)
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Interim Earnings Report for Fiscal Year ending December 2016 (January 1, 2016 – June 30, 2016)
平成 28 年 9 月 27 日
September 27, 2016
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 欧 州 通 貨 圏 株 MSCI EMU インデックス（ネット
（MSCI EMU） リターン）
1387 東 1口 株式
UBS ETF MSCI EMU UCITS
ETF-JDR
UBS ETF 欧州通貨圏小型株 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 MSCI ワールド・インデックス
ワールド） （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 ＥＴＦ・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) ギルバート・シントゲン
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 ETF, 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) Gilbert Schintgen
Contact person: (Title) Attorney-in-Fact (Name) Nobuharu Onishi (TEL) 03(6212)8316
半期報告書提出予定日 平成 28 年 9 月
Submission date of Semi-annual Report: September, 2016
Ⅰ ファンドの運用状況
I Fund Management
１． 平成 28 年 6 月中間期の運用状況（平成 28 年 1 月 1 日∼平成 28 年 6 月 30 日）
1. Management Status for Half-Year ended June 2016 (from January 1, 2016 to June 30, 2016)
（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 28 年 6 月中
50（ユーロ・ストックス 間期
81,067 99.97 23 0.03 81,090 100
50） SAN ended June
UBS ETF EURO STOXX 2016
50 UCITS ETF-JDR 27 年 12 月期
FY ended 83,118 99.88 99 0.12 83,218 100
December 2015
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF 欧 州 株 （ MSCI 28 年 6 月中
ヨーロッパ） 間期
21,865 99.89 23 0.11 21,889 100
UBS ETF MSCI Europe SAN ended June
UCITS ETF-JDR 2016
27 年 12 月期
FY ended 24,870 99.93 16 0.07 24,886 100
December 2015
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF 欧 州 通 貨 圏 株 28 年 6 月中
（MSCI EMU） 間期
160,783 99.92 134 0.08 160,917 100
UBS ETF MSCI EMU SAN ended June
UCITS ETF-JDR 2016
27 年 12 月期
FY ended 237,381 99.86 338 0.14 237,719 100
December 2015
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF 欧州通貨圏小型 28 年 6 月中
株（MSCI EMU 小型株） 間期
3,251 99.86 4 0.14 3,256] 100
UBS ETF MSCI EMU SAN ended June
Small Cap UCITS ETF-JDR 2016
27 年 12 月期
FY ended 4,654 99.90 4 0.10 4,659] 100
December 2015
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF 英国大型株 100 28 年 6 月中
（FTSE 100） 間期
19,374 99.94 12 0.06 19,386 100
UBS ETF FTSE 100 UCITS SAN ended June
ETF-JDR 2016
27 年 12 月期
FY ended 15,546 99.97 4 0.03 15,551 100
December 2015
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF MSCI アジア太平 28 年 6 月中
洋株（除く日本） 間期
17,787 99.95 9 0.05 17,797 100
UBS ETF MSCI Pacific (ex SAN ended June
Japan) UCITS ETF-JDR 2016
27 年 12 月期
FY ended 17,630 100.03 (4) -0.03 17,626 100
December 2015
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF スイス株（MSCI 28 年 6 月中
スイス 20/35） 間期
58,011 100.42 (240) -0.42 57,770 100
UBS ETF MSCI Switzerland SAN ended June
20/35 UCITS ETF-JDR 2016
27 年 12 月期
FY ended 56,086 100.02 (9) -0.02 56,076 100
December 2015
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF 英国株（MSCI 英 28 年 6 月中
国） 間期
100,527 99.73 276 0.27 100,803 100
UBS ETF MSCI United SAN ended June
Kingdom UCITS ETF-JDR 2016
27 年 12 月期
FY ended 42,281 99.96 15 0.04 42,297 100
December 2015
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF 米国株（MSCI 米 28 年 6 月中
国） 間期
164,378 99.87 206 0.13 164,584 100
UBS ETF MSCI USA SAN ended June
UCITS ETF-JDR 2016
27 年 12 月期
FY ended 158,529 99.83] 264 0.17 158,794
December 2015
百万円 ％ 百万円 ％ 百万円 ％
JPY mil. % JPY mil. % JPY mil. %
UBS ETF 先進国株（MSCI 28 年 6 月中
ワールド） 間期
103,846 99.81 193 0.19 104,040 100
UBS ETF MSCI World SAN ended June
UCITS ETF-JDR 2016
27 年 12 月期
FY ended 110,930 99.87 139 0.13 111,070 100
December 2015
（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 28 年 6 月中間
（ユーロ・ストックス 50） 期
SAN ended June 22,034 3,430 1,425 24,039
UBS ETF EURO STOXX 50 2016
UCITS ETF-JDR 27 年 12 月期
FY ended 19,834 4,800 2,600 22,034
December 2015
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF 欧州株（MSCI ヨー 28 年 6 月中間
ロッパ） 期 3,533 288 415 3406
UBS ETF MSCI Europe SAN ended June
UCITS ETF-JDR 2016
27 年 12 月期
FY ended 1,619 1,914 - 3,533
December 2015
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF 欧 州 通 貨 圏 株 28 年 6 月中間
（MSCI EMU） 期
UBS ETF MSCI EMU UCITS SAN ended June 18,149 2,450 7,157 13,443
ETF-JDR 2016
27 年 12 月期
FY ended 11,553 10,380 3,785 18,149
December 2015
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF 欧州通貨圏小型株 28 年 6 月中間
（MSCI EMU 小型株） 期 483 17 129 371
UBS ETF MSCI EMU Small SAN ended June
Cap UCITS ETF-JDR 2016
27 年 12 月期
FY ended 295 228 40 483
December 2015
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF 英 国 大 型 株 100 28 年 6 月中間
（FTSE 100） 期
UBS ETF FTSE 100 UCITS SAN ended June 1,908 473 100 2,281
ETF-JDR 2016
27 年 12 月期
FY ended 1,808 150 50 1,908
December 2015
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 28 年 6 月中間
株（除く日本） 期 4,475 70 - 4,545
UBS ETF MSCI Pacific (ex SAN ended June
Japan) UCITS ETF-JDR 2016
27 年 12 月期
FY ended 4,207 1,570 1,301 4,475
December 2015
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF スイス株（MSCI ス 28 年 6 月中間
イス 20/35） 期
UBS ETF MSCI Switzerland SAN ended June 5,812 1,483 693 6,602
20/35 UCITS ETF-JDR 2016
27 年 12 月期
FY ended 2,078 5,408 1,674 5,812
December 2015
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF 英 国 株 （ MSCI 英 28 年 6 月期
国） SAN ended June 299 201 - 501
UBS ETF MSCI United 2016
Kingdom UCITS ETF-JDR 27 年 12 月期
FY ended 427 400 528 299
December 2015
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF 米 国 株 （ MSCI 米 28 年 6 月中間
国） 期
UBS ETF MSCI USA UCITS SAN ended June 7,609 938 865 7,682
ETF-JDR 2016
27 年 12 月期
FY ended 11,566 616 4,574 7,609
December 2015
千口 千口 千口 千口
‘000 shares ‘000 shares ‘000 shares ‘000 shares
UBS ETF 先 進 国 株 （ MSCI 28 年 6 月中間
ワールド） 期 6,369 833 1,212 5,989
UBS ETF MSCI World UCITS SAN ended June
ETF-JDR 2016
27 年 12 月期
FY ended 5,362 2,555 1,548 6,369
December 2015
（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 28 年 6 月中間
（ユーロ・ストックス 50） 期
UBS ETF EURO STOXX 50 SAN ended June 81,570 479 81,090
UCITS ETF-JDR 2016 3,045
27 年 12 月期
FY ended
December 2015 83,578 360 83,218 3,409
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 28 年 6 月中間
ロッパ） 期
UBS ETF MSCI Europe SAN ended June 22,299 410 21,889
UCITS ETF-JDR 2016 5,800
27 年 12 月期
FY ended
December 2015 24,909 23 24,886 6,357
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF 欧 州 通 貨 圏 株 28 年 6 月中間
（MSCI EMU） 期
UBS ETF MSCI EMU UCITS SAN ended June 161,419 502 160,917
ETF-JDR 2016 9,101
27 年 12 月期
FY ended
December 2015 237,850 130 237,719 10,419
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF 欧州通貨圏小型株 28 年 6 月中間
（MSCI EMU 小型株） 期
UBS ETF MSCI EMU Small SAN ended June 3,263 7 3,256
Cap UCITS ETF-JDR 2016 7,905
27 年 12 月期
FY ended
December 2015 4,678 19 4,659 8,702
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 28 年 6 月中間
（FTSE 100） 期
UBS ETF FTSE 100 UCITS SAN ended June 19,526 139 19,386
ETF-JDR 2016 6,036
27 年 12 月期
FY ended
December 2015 15,589 38 15,551 5,662
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 28 年 6 月中間
株（除く日本） 期
UBS ETF MSCI Pacific (ex SAN ended June 17,899 102 17,797
Japan) UCITS ETF-JDR 2016 3,629
27 年 12 月期
FY ended
December 2015 17,678 52 17,626 3,647
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 28 年 6 月中間
イス 20/35） 期
UBS ETF MSCI Switzerland SAN ended June 58,313 542 57,770
20/35 UCITS ETF-JDR 2016 1,636
27 年 12 月期
FY ended
December 2015 56,389 312 56,076 1,782
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF 英 国 株 （ MSCI 英 28 年 6 月中間
国） 期
UBS ETF MSCI United SAN ended June 101,301 498 100,803
Kingdom UCITS ETF-JDR 2016 1,927
27 年 12 月期
FY ended
December 2015 42,401 105 42,296 1,777
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF 米 国 株 （ MSCI 米 28 年 6 月中間
国） 期
UBS ETF MSCI USA UCITS SAN ended June 167,811 3,226 164,584
ETF-JDR 2016 17,002
27 年 12 月期
FY ended
December 2015 158,830 35 158,794 16,976
百万円 百万円 百万円 円
JPY mil. JPY mil. JPY mil. JPY
UBS ETF 先 進 国 株 （ MSCI 28 年 6 月中間
ワールド） 期
UBS ETF MSCI World UCITS SAN ended June 104,296 255 104,040
ETF-JDR 2016 17,371
27 年 12 月期
FY ended
December 2015 111,127 57 111,070 17,438
（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 28 年 6 月中間
（ユーロ・ストックス 50） 期 139 30 0 169
UBS ETF EURO STOXX 50 SAN ended June
UCITS ETF-JDR 2016
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF 欧州株（MSCI ヨー 28 年 6 月中間
ロッパ） 期 21 21 0 42
UBS ETF MSCI Europe SAN ended June
UCITS ETF-JDR 2016
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF 欧 州 通 貨 圏 株 28 年 6 月中間
（MSCI EMU） 期
UBS ETF MSCI EMU UCITS SAN ended June 12 0 0 12
ETF-JDR 2016
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF 欧州通貨圏小型株 28 年 6 月中間
（MSCI EMU 小型株） 期 5 0 0 5
UBS ETF MSCI EMU Small SAN ended June
Cap UCITS ETF-JDR 2016
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF 英 国 大 型 株 100 28 年 6 月中間
（FTSE 100） 期 16 0 0 16
UBS ETF FTSE 100 UCITS SAN ended June
ETF-JDR 2016
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 28 年 6 月中間
株（除く日本） 期
UBS ETF MSCI Pacific (ex SAN ended June 36 0 0 36
Japan) UCITS ETF-JDR 2016
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF スイス株（MSCI ス 28 年 6 月中間
イス 20/35） 期 88 0 0 88
UBS ETF MSCI Switzerland SAN ended June
20/35 UCITS ETF-JDR 2016
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF 英 国 株 （ MSCI 英 28 年 6 月中間
国） 期 56 0 0 56
UBS ETF MSCI United SAN ended June
Kingdom UCITS ETF-JDR 2016
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF 米 国 株 （ MSCI 米 28 年 6 月中間
国） 期
UBS ETF MSCI USA UCITS SAN ended June 8 0 0 8
ETF-JDR 2016
千口 千口 千口 千口
‘000 units ‘000 units ‘000 units ‘000 units
UBS ETF 先 進 国 株 （ MSCI 28 年 6 月中間
ワールド） 期 9 0 0 9
UBS ETF MSCI World UCITS SAN ended June
ETF-JDR 2016
（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 28 年 6 月中間
（ユーロ・ストックス 50） 期 95
UBS ETF EURO STOXX 50 SAN ended June
UCITS ETF-JDR 2016
27 年 12 月期
FY ended 41
December 2015
円
JPY
UBS ETF 欧州株（MSCI ヨー 28 年 6 月中間
ロッパ） 期
UBS ETF MSCI Europe SAN ended June 148
UCITS ETF-JDR 2016
27 年 12 月期
FY ended 133
December 2015
円
JPY
UBS ETF 欧 州 通 貨 圏 株 28 年 6 月中間
（MSCI EMU） 期
UBS ETF MSCI EMU UCITS SAN ended June 279
ETF-JDR 2016
27 年 12 月期
FY ended 50
December 2015
円
JPY
UBS ETF 欧州通貨圏小型株 28 年 6 月中間
（MSCI EMU 小型株） 期 136
UBS ETF MSCI EMU Small SAN ended June
Cap UCITS ETF-JDR 2016
27 年 12 月期
FY ended 98
December 2015
円
JPY
UBS ETF 英 国 大 型 株 100 28 年 6 月中間
（FTSE 100） 期 182
UBS ETF FTSE 100 UCITS SAN ended June
ETF-JDR 2016
27 年 12 月期
FY ended 163
December 2015
円
JPY
UBS ETF MSCI アジア太平洋 28 年 6 月中間
株（除く日本） 期 72
UBS ETF MSCI Pacific (ex SAN ended June
Japan) UCITS ETF-JDR 2016
27 年 12 月期
FY ended 111
December 2015
円
JPY
UBS ETF スイス株（MSCI ス 28 年 6 月中間
イス 20/35） 期 24
UBS ETF MSCI Switzerland SAN ended June
20/35 UCITS ETF-JDR 2016
27 年 12 月期
FY ended 22
December 2015
円
JPY
UBS ETF 英 国 株 （ MSCI 英 28 年 6 月中間
国） 期 50
UBS ETF MSCI United SAN ended June
Kingdom UCITS ETF-JDR 2016
27 年 12 月期
FY ended 0
December 2015
円
JPY
UBS ETF 米 国 株 （ MSCI 米 28 年 6 月中間
国） 期 139
UBS ETF MSCI USA UCITS SAN ended June
ETF-JDR 2016
27 年 12 月期
FY ended 155
December 2015
円
JPY
UBS ETF 先 進 国 株 （ MSCI 28 年 6 月中間
ワールド） 期 189
UBS ETF MSCI World UCITS SAN ended June
ETF-JDR 2016
27 年 12 月期
FY ended 170
December 2015
※上場外国 ETF 信託受益証券に係る平成 27 年 12 月期分配金の基準日は平成 28 年 1 月 28 日であり、平成 28
年 6 月中間期分配金の基準日は平成 28 年 7 月 28 日です。
※The record date for the annual dividend for the FY ended December 2015 was January 28, 2016. The record date for
the interim dividend for the SAN ended June 2016 was July 29, 2016.
※上場外国 ETF 信託受益証券に係る分配金支払開始日は平成 28 年 9 月 5 日です。
※Start date of dividend payment on the Listed Foreign ETF Trust Beneficiary Certificates (JDR) is September 5, 2016.
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、平成 28 年 7 月 29 日現在の株式会社三菱東京 UFJ 銀行の対顧客電
信売買相場の仲値（1 米ドル＝104.42 円、1 英ポンド＝137.53 円、1 スイスフラン＝106.63 円、1 ユー
ロ＝115.67 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 Bank of Mitsubishi Tokyo UFJ as of 29 July
2016 (USD 1 = JPY 104.42, GBP 1 = JPY 137.53, CHF 1 = JPY 106.63, EUR 1 = JPY 115.67) 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 2016
Investment Company under Luxembourg Law (SICAV)
UBS ETF
Semi-Annual Report as of 30 June 2016
(Unaudited)
UBS ETF - EURO STOXX 50 UCITS ETF UBS ETF - MSCI Singapore UCITS ETF
UBS ETF - MSCI Europe UCITS ETF UBS ETF - MSCI Hong Kong UCITS ETF
UBS ETF - MSCI EMU UCITS ETF UBS ETF - MSCI Switzerland 20/35 UCITS ETF
UBS ETF - MSCI EMU hedged to CHF UCITS ETF UBS ETF - MSCI Switzerland 20/35 hedged to EUR UCITS ETF
UBS ETF - MSCI EMU hedged to USD UCITS ETF UBS ETF - MSCI Switzerland 20/35 hedged to USD UCITS ETF
UBS ETF - MSCI EMU hedged to GBP UCITS ETF UBS ETF - MSCI World UCITS ETF
UBS ETF - MSCI EMU hedged to SGD UCITS ETF UBS ETF - MSCI Emerging Markets UCITS ETF
UBS ETF - MSCI EMU Value UCITS ETF UBS ETF - MSCI Emerging Markets Socially Responsible UCITS ETF
UBS ETF - MSCI EMU Small Cap UCITS ETF UBS ETF - MSCI World Socially Responsible UCITS ETF
UBS ETF - Factor MSCI EMU Quality UCITS ETF UBS ETF - MSCI USA Socially Responsible UCITS ETF
UBS ETF - Factor MSCI EMU Prime Value UCITS ETF UBS ETF - MSCI EMU Socially Responsible UCITS ETF
UBS ETF - Factor MSCI EMU Low Volatility UCITS ETF UBS ETF - MSCI Pacific Socially Responsible UCITS ETF
UBS ETF - Factor MSCI EMU Total Shareholder Yield UCITS ETF UBS ETF - Barclays Capital US 1-3 Year Treasury Bond UCITS ETF
UBS ETF - FTSE 100 UCITS ETF UBS ETF - Barclays Capital US 3-5 Year Treasury Bond UCITS ETF
UBS ETF - FTSE 250 UCITS ETF UBS ETF - Barclays Capital US 5-7 Year Treasury Bond UCITS ETF
UBS ETF - MSCI United Kingdom UCITS ETF UBS ETF - Barclays Capital US 7-10 Year Treasury Bond UCITS ETF
UBS ETF - MSCI United Kingdom hedged to CHF UCITS ETF UBS ETF - Markit iBoxx € Germany 1-3 UCITS ETF
UBS ETF - MSCI United Kingdom hedged to EUR UCITS ETF UBS ETF - Markit iBoxx € Germany 3-5 UCITS ETF
UBS ETF - MSCI United Kingdom hedged to USD UCITS ETF UBS ETF - Markit iBoxx € Germany 5-10 UCITS ETF
UBS ETF - MSCI United Kingdom hedged to SGD UCITS ETF UBS ETF - Markit iBoxx € Germany 7-10 UCITS ETF
UBS ETF - MSCI Japan UCITS ETF UBS ETF - Markit iBoxx € Liquid Corporates UCITS ETF
UBS ETF - MSCI Japan hedged to CHF UCITS ETF UBS ETF - Barclays EUR Treasury 1-10 UCITS ETF
UBS ETF - MSCI Japan hedged to EUR UCITS ETF UBS ETF - SBI® Foreign AAA-BBB 1-5 UCITS ETF
UBS ETF - MSCI Japan hedged to GBP UCITS ETF UBS ETF - SBI® Foreign AAA-BBB 5-10 UCITS ETF
UBS ETF - MSCI Japan hedged to USD UCITS ETF UBS ETF - Barclays Euro Area Liquid Corporates 1-5 Year UCITS ETF
UBS ETF - MSCI Japan hedged to SGD UCITS ETF UBS ETF - Barclays US Liquid Corporates 1-5 Year UCITS ETF
UBS ETF - MSCI Japan Socially Responsible UCITS ETF UBS ETF - Barclays US Liquid Corporates UCITS ETF
UBS ETF - MSCI Pacific (ex Japan) UCITS ETF UBS ETF - Barclays MSCI US Liquid Corporates Sustainable UCITS ETF
UBS ETF - MSCI USA UCITS ETF UBS ETF - Barclays USD Emerging Markets Sovereign UCITS ETF
UBS ETF - MSCI Canada 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 2016
Contents
Page
Management and Administration 4
Performance tables 5
Statement of Net Assets 9
Statement of Operations 30
Statement of Changes in Net Assets 46
Schedule of Investments UBS ETF - EURO STOXX 50 UCITS ETF 69
Schedule of Investments UBS ETF - MSCI Europe UCITS ETF 71
Schedule of Investments UBS ETF - MSCI EMU UCITS ETF 80
Schedule of Investments UBS ETF - MSCI EMU hedged to CHF UCITS ETF 86
Schedule of Investments UBS ETF - MSCI EMU hedged to USD UCITS ETF 92
Schedule of Investments UBS ETF - MSCI EMU hedged to GBP UCITS ETF 98
Schedule of Investments UBS ETF - MSCI EMU hedged to SGD UCITS ETF 104
Schedule of Investments UBS ETF - MSCI EMU Value UCITS ETF 110
Schedule of Investments UBS ETF - MSCI EMU Small Cap UCITS ETF 114
Schedule of Investments UBS ETF - Factor MSCI EMU Quality UCITS ETF 124
Schedule of Investments UBS ETF - Factor MSCI EMU Prime Value UCITS ETF 126
Schedule of Investments UBS ETF - Factor MSCI EMU Low Volatility UCITS ETF 128
Schedule of Investments UBS ETF - Factor MSCI EMU Total Shareholder Yield UCITS ETF 131
Schedule of Investments UBS ETF - FTSE 100 UCITS ETF 134
Schedule of Investments UBS ETF - FTSE 250 UCITS ETF 137
Schedule of Investments UBS ETF - MSCI United Kingdom UCITS ETF 143
Schedule of Investments UBS ETF - MSCI United Kingdom hedged to CHF UCITS ETF 146
Schedule of Investments UBS ETF - MSCI United Kingdom hedged to EUR UCITS ETF 150
Schedule of Investments UBS ETF - MSCI United Kingdom hedged to USD UCITS ETF 154
Schedule of Investments UBS ETF - MSCI United Kingdom hedged to SGD UCITS ETF 158
Schedule of Investments UBS ETF - MSCI Japan UCITS ETF 162
Schedule of Investments UBS ETF - MSCI Japan hedged to CHF UCITS ETF 169
Schedule of Investments UBS ETF - MSCI Japan hedged to EUR UCITS ETF 176
Schedule of Investments UBS ETF - MSCI Japan hedged to GBP UCITS ETF 183
Schedule of Investments UBS ETF - MSCI Japan hedged to USD UCITS ETF 190
Schedule of Investments UBS ETF - MSCI Japan hedged to SGD UCITS ETF 197
Schedule of Investments UBS ETF - MSCI Japan Socially Responsible UCITS ETF 204
Schedule of Investments UBS ETF - MSCI Pacific (ex Japan) UCITS ETF 206
Schedule of Investments UBS ETF - MSCI USA UCITS ETF 210
Schedule of Investments UBS ETF - MSCI Canada UCITS ETF 221
Schedule of Investments UBS ETF - MSCI Singapore UCITS ETF 224
Unaudited Semi-Annual Report as of 30 June 2016
Contents (continued)
Page
Schedule of Investments UBS ETF - MSCI Hong Kong UCITS ETF 226
Schedule of Investments UBS ETF - MSCI Switzerland 20/35 UCITS ETF 228
Schedule of Investments UBS ETF - MSCI Switzerland 20/35 hedged to EUR UCITS ETF 230
Schedule of Investments UBS ETF - MSCI Switzerland 20/35 hedged to USD UCITS ETF 232
Schedule of Investments UBS ETF - MSCI World UCITS ETF 234
Schedule of Investments UBS ETF - MSCI Emerging Markets UCITS ETF 260
Schedule of Investments UBS ETF - MSCI Emerging Markets Socially Responsible UCITS ETF 275
Schedule of Investments UBS ETF - MSCI World Socially Responsible UCITS ETF 280
Schedule of Investments UBS ETF - MSCI USA Socially Responsible UCITS ETF 288
Schedule of Investments UBS ETF - MSCI EMU Socially Responsible UCITS ETF 292
Schedule of Investments UBS ETF - MSCI Pacific Socially Responsible UCITS ETF 294
Schedule of Investments UBS ETF - Barclays Capital US 1-3 Year Treasury Bond UCITS ETF 297
Schedule of Investments UBS ETF - Barclays Capital US 3-5 Year Treasury Bond UCITS ETF 299
Schedule of Investments UBS ETF - Barclays Capital US 5-7 Year Treasury Bond UCITS ETF 300
Schedule of Investments UBS ETF - Barclays Capital US 7-10 Year Treasury Bond UCITS ETF 301
Schedule of Investments UBS ETF - Markit iBoxx € Germany 1-3 UCITS ETF 302
Schedule of Investments UBS ETF - Markit iBoxx € Germany 3-5 UCITS ETF 303
Schedule of Investments UBS ETF - Markit iBoxx € Germany 5-10 UCITS ETF 304
Schedule of Investments UBS ETF - Markit iBoxx € Germany 7-10 UCITS ETF 305
Schedule of Investments UBS ETF - Markit iBoxx € Liquid Corporates UCITS ETF 306
Schedule of Investments UBS ETF - Barclays EUR Treasury 1-10 UCITS ETF 308
Schedule of Investments UBS ETF - SBI® Foreign AAA-BBB 1-5 UCITS ETF 310
Schedule of Investments UBS ETF - SBI® Foreign AAA-BBB 5-10 UCITS ETF 315
Schedule of Investments UBS ETF - Barclays Euro Area Liquid Corporates 1-5 Year UCITS ETF 318
Schedule of Investments UBS ETF - Barclays US Liquid Corporates 1-5 Year UCITS ETF 324
Schedule of Investments UBS ETF - Barclays US Liquid Corporates UCITS ETF 328
Schedule of Investments UBS ETF - Barclays MSCI US Liquid Corporates Sustainable UCITS ETF 337
Schedule of Investments UBS ETF - Barclays USD Emerging Markets Sovereign UCITS ETF 341
Notes to the Financial Statements 346
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 Paying Agent in Austria
49, Avenue J.F. Kennedy Erste Bank der oesterreichischen Sparkassen AG
L-1855 Luxembourg Am Belvedere 1, A-1100 Vienna
R.C.S. Luxembourg Nr. B-83626
Paying Agent in Germany
Portfolio Managers of Sub-Funds
UBS Deutschland AG
UBS Asset Management (UK) Ltd Bockenheimer Landstrasse 2-4, D-60306 Frankfurt am Main
21 Lombard Street
GB-London EC3V 9AH, United Kingdom Paying Agent in Switzerland
UBS AG, UBS Switzerland AG
UBS Asset Management, Basel and Zurich Bahnhofstrasse 45, CH-8001 Zurich
Aeschenvorstadt 1, CH-4002 Basel, Switzerland and its branches in Switzerland
and
Bahnhofstrasse 45, CH-8098 Zurich, Switzerland Paying Agent in Liechtenstein
UBS Asset Management (Americas) Inc. Liechtensteinische Landesbank AG
UBS Tower, One North Wacker Drive Städtle 44, FL-9490 Vaduz
IL 60606, Chicago, United States
Auditor Distributor
PricewaterhouseCoopers, Société coopérative UBS AG
2, rue Gerhard Mercator Aeschenvorstadt 1, CH-4002 Basel
B.P. 1443 and
L-1014 Luxembourg Bahnhofstrasse 45, CH-8098 Zurich
Representation Agent in Austria
Depositary
Erste Bank der oesterreichischen Sparkassen AG
State Street Bank Luxembourg S.C.A. Am Belvedere 1, A-1100 Vienna
49, Avenue J.F. Kennedy
L-1855 Luxembourg
Information Agent in Germany
Board of Directors UBS Deutschland AG
Bockenheimer Landstrasse 2-4
• Mr Clemens Reuter (Chairman) D-60306 Frankfurt am Main
Managing Director, UBS AG, Basel and Zurich
Representation Agent in Switzerland
• Mr Frank Müsel (Vice-Chairman)
Executive Director, UBS AG, Basel and Zurich UBS Fund Management (Switzerland) AG
Aeschenplatz 6, CH-4052 Basel
• Mr Ian Ashment
Managing Director, UBS Asset Management (UK) Ltd, London Centralising and Financial Agent in France
• Mr Andreas Haberzeth Société Générale S.A.
Executive Director, UBS AG, Basel and Zurich 29, Boulevard Haussmann, F-75009 Paris
Management Company Legal Advisers
UBS Fund Management (Luxembourg) S.A. as to Luxembourg Law
33A, Avenue J.F. Kennedy Clifford Chance
L-1855 Luxembourg 10, boulevard G.D. Charlotte
R.C.S. Luxemburg N° B 154 210 B.P. 1147
L-1011 Luxembourg
Company Administrator, Domiciliary,
Corporate and Paying Agent
State Street Bank Luxembourg S.C.A.
49, Avenue J.F. Kennedy
L-1855 Luxembourg
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.
4
Semi-Annual Report as of 30 June 2016
Performance tables
Performance from 1 January 2016 to 30 June 2016
Performance Performance Tracking Tracking error Total Expense
of the Sub-Fund of the tracked difference (ex post) Ratio (TER)
(in %) (1) index (in %) (2) (in %) (3) (in %) (4)
Sub-Funds (unaudited) (in %) (unaudited) (unaudited) (unaudited) (unaudited)
UBS ETF - EURO STOXX 50 UCITS ETF (EUR) A-dis (9.74) (10.22) 0.48 0.29 0.15
UBS ETF - MSCI Europe UCITS ETF (EUR) A-dis (7.08) (7.23) 0.15 0.14 0.20
UBS ETF - MSCI EMU UCITS ETF (EUR) A-dis (a) (8.96) (9.32) 0.36 0.25 0.22
UBS ETF - MSCI EMU UCITS ETF (EUR) A-UKdis (a) (8.94) (9.32) 0.38 0.25 0.22
UBS ETF - MSCI EMU hedged to CHF UCITS ETF (CHF) A-acc (b (9.28) (9.54) 0.26 0.26 0.32
UBS ETF - MSCI EMU hedged to USD UCITS ETF (USD) A-dis (b (8.32) (8.57) 0.25 0.24 0.33
UBS ETF - MSCI EMU hedged to USD UCITS ETF (USD) A-acc (b (8.29) (8.57) 0.28 0.24 0.32
UBS ETF - MSCI EMU hedged to GBP UCITS ETF (GBP) A-dis (b (9.36) (9.63) 0.27 0.27 0.33
UBS ETF - MSCI EMU hedged to GBP UCITS ETF (GBP) A-acc (b (9.35) (9.63) 0.28 0.28 0.32
UBS ETF - MSCI EMU hedged to SGD UCITS ETF (SGD) A-acc (b (8.33) (8.32) (0.01) 0.27 0.32
UBS ETF - MSCI EMU Value UCITS ETF (EUR) A-dis (10.83) (11.34) 0.51 0.37 0.25
UBS ETF - MSCI EMU Small Cap UCITS ETF (EUR) A-dis (8.25) (8.38) 0.13 0.12 0.33
UBS ETF - Factor MSCI EMU Quality UCITS ETF (EUR) A-dis (2.23) (2.35) 0.12 N/A* 0.28
UBS ETF - Factor MSCI EMU Quality UCITS ETF (hedged to CHF) A-ac (2.59) (2.63) 0.04 N/A* 0.38
UBS ETF - Factor MSCI EMU Quality UCITS ETF (hedged to USD) A-ac (1.62) (1.65) 0.03 N/A* 0.38
UBS ETF - Factor MSCI EMU Quality UCITS ETF (hedged to GBP) A-dis (c 1.08 1.01 0.07 N/A* 0.38
UBS ETF - Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis (6.81) (7.10) 0.29 N/A* 0.28
UBS ETF - Factor MSCI EMU Prime Value UCITS ETF (hedged to CHF) A-ac (7.08) (7.30) 0.22 N/A* 0.38
UBS ETF - Factor MSCI EMU Prime Value UCITS ETF (hedged to USD) A-ac (6.06) (6.27) 0.21 N/A* 0.38
UBS ETF - Factor MSCI EMU Prime Value UCITS ETF (hedged to GBP) A-dis (c (0.25) (0.48) 0.23 N/A* 0.38
UBS ETF - Factor MSCI EMU Low Volatility UCITS ETF (EUR) A-dis (3.08) (3.31) 0.23 N/A* 0.28
UBS ETF - Factor MSCI EMU Low Volatility UCITS ETF (hedged to CHF) A-ac (3.42) (3.57) 0.15 N/A* 0.38
UBS ETF - Factor MSCI EMU Low Volatility UCITS ETF (hedged to USD) A-ac (2.46) (2.61) 0.15 N/A* 0.38
UBS ETF - Factor MSCI EMU Low Volatility UCITS ETF (hedged to GBP) A-dis (c (0.20) (0.39) 0.19 N/A* 0.38
UBS ETF - Factor MSCI EMU Total Shareholder Yield UCITS ETF (EUR) A-di (5.36) (5.67) 0.31 N/A* 0.28
UBS ETF - Factor MSCI EMU Total Shareholder Yield UCITS ETF (hedged to CHF) A-ac (5.60) (5.83) 0.23 N/A* 0.38
UBS ETF - Factor MSCI EMU Total Shareholder Yield UCITS ETF (hedged to USD) A-ac (4.76) (4.99) 0.23 N/A* 0.38
UBS ETF - Factor MSCI EMU Total Shareholder Yield UCITS ETF (hedged to GBP) A-dis (c (2.05) (2.28) 0.23 N/A* 0.38
UBS ETF - FTSE 100 UCITS ETF (GBP) A-dis 6.47 6.62 (0.15) 0.05 0.20
UBS ETF - FTSE 100 UCITS ETF (GBP) A-UKdis 6.51 6.62 (0.11) 0.03 0.20
UBS ETF - FTSE 250 UCITS ETF (GBP) A-dis (5.52) (5.23) (0.29) 0.08 0.25
UBS ETF - MSCI United Kingdom UCITS ETF (GBP) A-dis (d 6.78 6.89 (0.11) 0.03 0.20
UBS ETF - MSCI United Kingdom UCITS ETF (GBP) A-acc (e) 6.78 6.89 (0.11) 0.03 0.20
UBS ETF - MSCI United Kingdom UCITS ETF (GBP) A-UKdis (d 6.78 6.89 (0.11) 0.03 0.20
UBS ETF - MSCI United Kingdom hedged to CHF UCITS ETF (CHF) A-ac 5.33 5.52 (0.19) 0.05 0.30
UBS ETF - MSCI United Kingdom hedged to EUR UCITS ETF (EUR) A-di 5.81 6.04 (0.23) 0.07 0.30
UBS ETF - MSCI United Kingdom hedged to EUR UCITS ETF (EUR) A-ac 5.85 6.04 (0.19) 0.04 0.30
UBS ETF - MSCI United Kingdom hedged to USD UCITS ETF (USD) A-di 6.47 6.64 (0.17) 0.03 0.30
UBS ETF - MSCI United Kingdom hedged to USD UCITS ETF (USD) A-ac 6.48 6.64 (0.16) 0.04 0.30
UBS ETF - MSCI United Kingdom hedged to SGD UCITS ETF (SGD) A-ac 6.44 6.72 (0.28) 0.06 0.30
UBS ETF - MSCI Japan UCITS ETF (JPY) A-dis (19.63) (19.47) (0.16) 0.06 0.35
UBS ETF - MSCI Japan UCITS ETF (JPY) A-UKdis (19.61) (19.47) (0.14) 0.06 0.35
UBS ETF - MSCI Japan hedged to CHF UCITS ETF (CHF) A-acc (20.88) (20.62) (0.26) 0.11 0.45
UBS ETF - MSCI Japan hedged to EUR UCITS ETF (EUR) A-dis (20.82) (20.54) (0.28) 0.08 0.45
UBS ETF - MSCI Japan hedged to EUR UCITS ETF (EUR) A-acc (20.79) (20.54) (0.25) 0.08 0.45
UBS ETF - MSCI Japan hedged to GBP UCITS ETF (GBP) A-dis (21.71) (21.40) (0.31) 0.08 0.45
UBS ETF - MSCI Japan hedged to GBP UCITS ETF (GBP) A-acc (21.69) (21.40) (0.29) 0.08 0.45
UBS ETF - MSCI Japan hedged to USD UCITS ETF (USD) A-dis (20.31) (19.99) (0.32) 0.10 0.45
UBS ETF - MSCI Japan hedged to USD UCITS ETF (USD) A-acc (20.29) (19.99) (0.30) 0.10 0.45
UBS ETF - MSCI Japan hedged to SGD UCITS ETF (SGD) A-acc (19.91) (19.49) (0.42) 0.14 0.45
UBS ETF - MSCI Japan Socially Responsible UCITS ETF (JPY) A-di (18.39) (18.15) (0.24) N/A* 0.40
UBS ETF - MSCI Japan Socially Responsible UCITS ETF (hedged to CHF) A-d (19.62) (19.26) (0.36) N/A* 0.50
UBS ETF - MSCI Japan Socially Responsible UCITS ETF (hedged to EUR) A-acc ( (6.65) (6.62) (0.03) N/A* 0.50
UBS ETF - MSCI Japan Socially Responsible UCITS ETF (hedged to USD) A-acc ( (6.45) (6.43) (0.02) N/A* 0.50
UBS ETF - MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis 2.33 2.47 (0.14) 0.11 0.30
UBS ETF - MSCI Pacific (ex Japan) UCITS ETF (USD) A-UKdis 2.36 2.47 (0.11) 0.10 0.30
UBS ETF - MSCI USA UCITS ETF (USD) A-dis (g) 3.13 3.24 (0.11) 0.02 0.18
UBS ETF - MSCI USA UCITS ETF (USD) A-UKdis (g) 3.14 3.24 (0.10) 0.02 0.19
UBS ETF - MSCI Canada UCITS ETF (CAD) A-dis 7.49 7.57 (0.08) 0.04 0.33
UBS ETF - MSCI Canada UCITS ETF (CAD) A-UKdis 7.51 7.57 (0.06) 0.05 0.33
UBS ETF - MSCI Canada UCITS ETF (hedged to EUR) A-acc 6.99 7.11 (0.12) 0.05 0.43
UBS ETF - MSCI Canada UCITS ETF (hedged to GBP) A-acc 7.26 7.41 (0.15) 0.07 0.43
UBS ETF - MSCI Canada UCITS ETF (hedged to GBP) A-dis 7.24 7.41 (0.17) 0.08 0.43
UBS ETF - MSCI Canada UCITS ETF (hedged to CHF) A-acc 6.70 6.84 (0.14) 0.05 0.43
UBS ETF - MSCI Canada UCITS ETF (hedged to USD) A-acc 7.86 8.00 (0.14) 0.04 0.43
UBS ETF - MSCI Canada UCITS ETF (hedged to SGD) A-acc 7.98 8.13 (0.15) 0.07 0.43
UBS ETF - MSCI Singapore UCITS ETF (SGD) A-dis (h (0.29) - (0.29) 0.08 0.45
UBS ETF - MSCI Hong Kong UCITS ETF (HKD) A-dis 0.25 0.48 (0.23) 0.06 0.45
UBS ETF - MSCI Switzerland 20/35 UCITS ETF (CHF) A-dis (6.27) (6.17) (0.10) 0.03 0.20
UBS ETF - MSCI Switzerland 20/35 UCITS ETF (CHF) A-acc (6.25) (6.17) (0.08) 0.02 0.20
UBS ETF - MSCI Switzerland 20/35 UCITS ETF (CHF) A-UKdis (6.25) (6.17) (0.08) 0.02 0.20
UBS ETF - MSCI Switzerland 20/35 UCITS ETF (hedged to GBP) A-di (6.27) (6.10) (0.17) 0.04 0.30
UBS ETF - MSCI Switzerland 20/35 UCITS ETF (hedged to GBP) A-ac (6.26) (6.10) (0.16) 0.04 0.30
UBS ETF - MSCI Switzerland 20/35 UCITS ETF (hedged to SGD) A-ac (5.22) (4.99) (0.23) 0.07 0.30
UBS ETF - MSCI Switzerland 20/35 hedged to EUR UCITS ETF (EUR) A-di (6.11) (5.96) (0.15) 0.07 0.30
UBS ETF - MSCI Switzerland 20/35 hedged to EUR UCITS ETF (EUR) A-ac (6.08) (5.96) (0.12) 0.04 0.30
UBS ETF - MSCI Switzerland 20/35 hedged to USD UCITS ETF (USD) A-di (5.60) (5.44) (0.16) 0.05 0.30
UBS ETF - MSCI Switzerland 20/35 hedged to USD UCITS ETF (USD) A-ac (5.59) (5.44) (0.15) 0.05 0.30
UBS ETF - MSCI World UCITS ETF (USD) A-dis 0.56 0.66 (0.10) 0.05 0.30
UBS ETF - MSCI Emerging Markets UCITS ETF (USD) A-dis 6.32 6.41 (0.09) 0.50 0.45
UBS ETF - MSCI Emerging Markets UCITS ETF (USD) A-Ukdis 6.37 6.41 (0.04) 0.50 0.45
UBS ETF - MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-di 10.19 10.35 (0.16) 0.72 0.53
UBS ETF - MSCI World Socially Responsible UCITS ETF (USD) A-dis 1.42 1.58 (0.16) 0.05 0.38
UBS ETF - MSCI USA Socially Responsible UCITS ETF (USD) A-di 3.30 3.55 (0.25) 0.07 0.33
UBS ETF - MSCI USA Socially Responsible UCITS ETF (hedged to CHF) A-d 2.00 2.29 (0.29) N/A* 0.43
UBS ETF - MSCI USA Socially Responsible UCITS ETF (hedged to CHF) A-ac 2.00 2.29 (0.29) N/A* 0.43
UBS ETF - MSCI USA Socially Responsible UCITS ETF (hedged to EUR) A-d 2.48 2.74 (0.26) N/A* 0.43
UBS ETF - MSCI EMU Socially Responsible UCITS ETF (EUR) A-di (1.85) (2.19) 0.34 0.27 0.28
UBS ETF - MSCI EMU Socially Responsible UCITS ETF (hedged to CHF) A-d (2.14) (2.44) 0.30 N/A* 0.38
UBS ETF - MSCI EMU Socially Responsible UCITS ETF (hedged to CHF) A-ac (2.15) (2.44) 0.29 N/A* 0.38
UBS ETF - MSCI EMU Socially Responsible UCITS ETF (hedged to USD) A-acc ( (3.20) (3.24) 0.04 N/A* 0.38
UBS ETF - MSCI Pacific Socially Responsible UCITS ETF (USD) A-di (2.37) (2.20) (0.17) 0.09 0.40
UBS ETF - Barclays Capital US 1-3 Year Treasury Bond UCITS ETF (USD) A-di 1.33 1.44 (0.11) 0.00 0.20
UBS ETF - Barclays Capital US 1-3 Year Treasury Bond UCITS ETF (hedged to EUR) A-dis (i 0.26 0.35 (0.09) N/A* 0.25
UBS ETF - Barclays Capital US 3-5 Year Treasury Bond UCITS ETF (USD) A-di 3.65 3.76 (0.11) 0.01 0.20
UBS ETF - Barclays Capital US 5-7 Year Treasury Bond UCITS ETF (USD) A-di 5.55 5.65 (0.10) 0.01 0.20
UBS ETF - Barclays Capital US 7-10 Year Treasury Bond UCITS ETF (USD) A-di 7.45 7.56 (0.11) 0.01 0.20
UBS ETF - Markit iBoxx € Germany 1-3 UCITS ETF (EUR) A-dis 0.23 0.32 (0.09) 0.02 0.17
UBS ETF - Markit iBoxx € Germany 3-5 UCITS ETF (EUR) A-dis 1.52 1.62 (0.10) 0.02 0.17
UBS ETF - Markit iBoxx € Germany 5-10 UCITS ETF (EUR) A-dis 4.80 4.96 (0.16) 0.11 0.17
UBS ETF - Markit iBoxx € Germany 7-10 UCITS ETF (EUR) A-dis 6.03 6.14 (0.11) 0.08 0.17
UBS ETF - Markit iBoxx € Liquid Corporates UCITS ETF (EUR) A-dis 3.81 3.84 (0.03) 0.06 0.20
UBS ETF - Barclays EUR Treasury 1-10 UCITS ETF (EUR) A-dis 2.46 2.56 (0.10) 0.03 0.17
UBS ETF - SBI® Foreign AAA-BBB 1-5 UCITS ETF (CHF) A-dis 0.60 0.74 (0.14) 0.04 0.20
UBS ETF - SBI® Foreign AAA-BBB 5-10 UCITS ETF (CHF) A-dis 3.08 3.17 (0.09) 0.10 0.20
5
Semi-Annual Report as of 30 June 2016
Performance tables (continued)
Performance from 1 January 2016 to 30 June 2016
Performance
(unaudited) Performance Tracking Tracking error Total Expense
of the Sub-Fund of the tracked difference (ex post) Ratio (TER)
(in %) (1) index (in %) (2) (in %) (3) (in %) (4)
Sub-Funds (unaudited) (in %) (unaudited) (unaudited) (unaudited) (unaudited)
UBS ETF - Barclays Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) A-di 1.90 1.94 (0.04) 0.06 0.18
UBS ETF - Barclays Euro Area Liquid Corporates 1-5 Year UCITS ETF (hedged to USD) A-ac 2.45 2.52 (0.07) 0.06 0.23
UBS ETF - Barclays Euro Area Liquid Corporates 1-5 Year UCITS ETF (hedged to CHF) A-ac 1.58 1.64 (0.06) 0.08 0.23
UBS ETF - Barclays US Liquid Corporates 1-5 Year UCITS ETF (USD) A-di 3.57 3.60 (0.03) 0.04 0.18
UBS ETF - Barclays US Liquid Corporates 1-5 Year UCITS ETF (hedged to EUR) A-ac 2.94 2.99 (0.05) 0.05 0.23
UBS ETF - Barclays US Liquid Corporates 1-5 Year UCITS ETF (hedged to GBP) A-d 3.56 3.60 (0.04) 0.04 0.23
UBS ETF - Barclays US Liquid Corporates 1-5 Year UCITS ETF (hedged to CHF) A-ac 2.63 2.70 (0.07) 0.05 0.23
UBS ETF - Barclays US Liquid Corporates UCITS ETF (USD) A-dis 8.22 8.22 - 0.06 0.18
UBS ETF - Barclays US Liquid Corporates UCITS ETF (hedged to EUR) A-ac 7.48 7.49 (0.01) 0.06 0.23
UBS ETF - Barclays US Liquid Corporates UCITS ETF (hedged to GBP) A-di 8.28 8.27 0.01 0.07 0.23
UBS ETF - Barclays US Liquid Corporates UCITS ETF (hedged to CHF) A-ac 7.11 7.13 (0.02) 0.06 0.23
UBS ETF - Barclays MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-d 8.36 8.25 0.11 N/A* 0.20
UBS ETF - Barclays MSCI US Liquid Corporates Sustainable UCITS ETF (hedged to EUR) A-ac 7.62 7.53 0.09 N/A* 0.25
UBS ETF - Barclays MSCI US Liquid Corporates Sustainable UCITS ETF (hedged to GBP) A-d 8.42 8.31 0.11 N/A* 0.25
UBS ETF - Barclays MSCI US Liquid Corporates Sustainable UCITS ETF (hedged to CHF) A-d 7.24 7.17 0.07 N/A* 0.25
UBS ETF – Barclays USD Emerging Markets Sovereign UCITS ETF (USD) A-dis (i) 10.00 10.05 (0.05) N/A* 0.42
UBS ETF – Barclays USD Emerging Markets Sovereign UCITS ETF (hedged to EUR) A-acc ( 2.86 2.87 (0.01) N/A* 0.47
UBS ETF – Barclays USD Emerging Markets Sovereign UCITS ETF (hedged to GBP) A-dis ( 3.28 3.28 - N/A* 0.47
UBS ETF – Barclays USD Emerging Markets Sovereign UCITS ETF (hedged to CHF) A-acc (k 4.18 4.37 (0.19) N/A* 0.47
* The Sub-Fund was launched less than 12 months before the end of the reporting period. Therefore, no tracking error (ex post) has been calculated for this Sub-Fu
(a) effective 1 June 2016, the rate of management fees changed from 23 bps per annum to 18 bps per annu
(b) effective 1 June 2016, the rate of management fees changed from 33 bps per annum to 28 bps per annu
(c) from 1 February 2016 to 30 June 2016
(d) effective 26 May 2016 the index changed from MSCI Daily TR Net UK Local to MSCI United Kingdom Net Ind
(e) effective 3 May 2016 the index changed from MSCI Daily TR Net UK Local to MSCI United Kingdom Net Ind
(f) from 6 June 2016 to 30 June 2016
(g) effective 1 June 2016, the rate of management fees changed from 20 bps per annum to 14 bps per annu
(h) effective 3 May 2016 the index changed from MSCI Daily TR Net Singapore Local to MSCI Singapore Total Return Net in S
(i) from 29 January 2016 to 30 June 2016
(j) from 29 April 2016 to 30 June 2016
(k) from 31 March 2016 to 30 June 2016
1) The figures relating to the performances of the Sub-Funds reflect the percentages changes of NAV's per shares (cum dividends) over the reporting period.
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%.
None of the Sub-Funds had a tracking difference of more than 1% over a 12-month period
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 months over a 12-month period)*SQUARE ROOT(12)
None of the Sub-Funds had a tracking error of more than 1% over a 12-month period
4) Total Expense Ratio (TER): this ratio is calculated in accordance with the Swiss Funds & Asset Management Association (SFAMA) "Guidelines on the calculation and disclosure of the TER"
in the current version and expresses the sum of all costs and commissions charged on an ongoing basis to the net assets (operating expenses) taken retrospectively as a percentage
of the net assets.
The performance of the Sub-Fund is calculated in accordance with Swiss Funds & Asset Management Association (SFAMA) guidelines.
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.
6
Semi-Annual Report as of 30 June 2016
Performance tables (continued)
Performance from 1 January 2015 to 31 December 2015
Performance Performance Tracking Tracking error Total Expense
(unaudited) of the tracked difference (ex post) Ratio (TER)
of the Sub-Fund index (in %) (2) (in %) (3) (in %) (4)
Sub-Funds (in %) (1) (in %) (unaudited) (unaudited) (unaudited) (unaudited)
UBS ETF - EURO STOXX 50 UCITS ETF (EUR) A-dis 6.88 6.42 0.46 0.24 0.15
UBS ETF - MSCI Europe UCITS ETF (EUR) A-dis 8.36 8.22 0.14 0.11 0.20
UBS ETF - MSCI Europe ex UK UCITS ETF (EUR) A-dis 10.90 10.67 0.23 0.15 0.20
UBS ETF - MSCI EMU UCITS ETF (EUR) A-dis 10.12 9.81 0.31 0.21 0.23
UBS ETF - MSCI EMU UCITS ETF (EUR) A-UKdis 10.15 9.81 0.34 0.21 0.23
UBS ETF - MSCI EMU hedged to CHF UCITS ETF (CHF) A-acc ** 7.25 7.55 (0.30) 0.37 0.30
UBS ETF - MSCI EMU hedged to USD UCITS ETF (USD) A-dis ** 9.09 8.88 0.21 0.21 0.33
UBS ETF - MSCI EMU hedged to USD UCITS ETF (USD) A-acc ** 9.08 8.88 0.20 0.21 0.33
UBS ETF - MSCI EMU hedged to GBP UCITS ETF (GBP) A-dis ** 9.26 9.10 0.16 0.21 0.33
UBS ETF - MSCI EMU hedged to GBP UCITS ETF (GBP) A-acc ** 9.25 9.10 0.15 0.21 0.33
UBS ETF - MSCI EMU hedged to SGD UCITS ETF (SGD) A-acc ** 9.62 9.87 (0.25) 0.22 0.33
UBS ETF - MSCI EMU Value UCITS ETF (EUR) A-dis 4.13 3.74 0.39 0.27 0.25
UBS ETF - MSCI EMU Small Cap UCITS ETF (EUR) A-dis 24.46 24.33 0.13 0.15 0.33
UBS ETF - Factor MSCI EMU Quality UCITS ETF (EUR) A-dis (a (1.36) (1.26) (0.10) N/A* 0.28
UBS ETF - Factor MSCI EMU Quality UCITS ETF (hedged to CHF) A-acc (b 3.00 3.10 (0.10) N/A* 0.38
UBS ETF - Factor MSCI EMU Quality UCITS ETF (hedged to USD) A-acc (c (2.46) (2.39) (0.07) N/A* 0.38
UBS ETF - Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis (a (1.84) (1.76) (0.08) N/A* 0.28
UBS ETF - Factor MSCI EMU Prime Value UCITS ETF (hedged to CHF) A-acc (b 3.24 3.34 (0.10) N/A* 0.38
UBS ETF - Factor MSCI EMU Prime Value UCITS ETF (hedged to USD) A-acc (c (1.66) (1.58) (0.08) N/A* 0.38
UBS ETF - Factor MSCI EMU Low Volatility UCITS ETF (EUR) A-dis (a (0.54) (0.45) (0.09) N/A* 0.28
UBS ETF - Factor MSCI EMU Low Volatility UCITS ETF (hedged to CHF) A-acc (b 2.41 2.52 (0.11) N/A* 0.38
UBS ETF - Factor MSCI EMU Low Volatility UCITS ETF (hedged to USD) A-acc (c (1.44) (1.37) (0.07) N/A* 0.38
UBS ETF - Factor MSCI EMU Total Shareholder Yield UCITS ETF (EUR) A-dis (a (3.16) (3.09) (0.07) N/A* 0.28
UBS ETF - Factor MSCI EMU Total Shareholder Yield UCITS ETF (hedged to CHF) A-acc (b 1.70 1.79 (0.09) N/A* 0.38
UBS ETF - Factor MSCI EMU Total Shareholder Yield UCITS ETF (hedged to USD) A-acc (c (2.58) (2.52) (0.06) N/A* 0.38
UBS ETF - FTSE 100 UCITS ETF (GBP) A-dis (1.52) (1.32) (0.20) 0.03 0.20
UBS ETF - FTSE 100 UCITS ETF (GBP) A-UKdis (1.52) (1.32) (0.20) 0.03 0.20
UBS ETF - FTSE 250 UCITS ETF (GBP) A-dis 10.70 11.17 (0.47) 0.11 0.25
UBS ETF - MSCI United Kingdom UCITS ETF (GBP) A-dis (2.41) (2.21) (0.20) 0.03 0.20
UBS ETF - MSCI United Kingdom UCITS ETF (GBP) A-acc (2.41) (2.21) (0.20) 0.03 0.20
UBS ETF - MSCI United Kingdom UCITS ETF (GBP) A-UKdis (2.41) (2.21) (0.20) 0.03 0.20
UBS ETF - MSCI United Kingdom hedged to CHF UCITS ETF (CHF) A-acc * (4.21) (3.70) (0.51) 0.17 0.30
UBS ETF - MSCI United Kingdom hedged to EUR UCITS ETF (EUR) A-dis * (2.57) (2.39) (0.18) 0.05 0.30
UBS ETF - MSCI United Kingdom hedged to EUR UCITS ETF (EUR) A-acc * (2.57) (2.39) (0.18) 0.05 0.30
UBS ETF - MSCI United Kingdom hedged to USD UCITS ETF (USD) A-dis * (2.51) (2.19) (0.32) 0.09 0.30
UBS ETF - MSCI United Kingdom hedged to USD UCITS ETF (USD) A-acc * (2.50) (2.19) (0.31) 0.09 0.30
UBS ETF - MSCI United Kingdom hedged to SGD UCITS ETF (SGD) A-acc * (2.00) (1.39) (0.61) 0.06 0.30
UBS ETF - MSCI Turkey UCITS ETF (EUR) A-dis (24.49) (24.10) (0.39) 0.06 0.43
UBS ETF - MSCI Japan UCITS ETF (JPY) A-dis 9.56 9.93 (0.37) 0.03 0.35
UBS ETF - MSCI Japan UCITS ETF (JPY) A-UKdis 9.56 9.93 (0.37) 0.03 0.35
UBS ETF - MSCI Japan hedged to CHF UCITS ETF (CHF) A-acc * 7.86 8.49 (0.63) 0.08 0.45
UBS ETF - MSCI Japan hedged to EUR UCITS ETF (EUR) A-dis * 9.17 9.73 (0.56) 0.07 0.45
UBS ETF - MSCI Japan hedged to EUR UCITS ETF (EUR) A-acc * 9.16 9.73 (0.57) 0.07 0.45
UBS ETF - MSCI Japan hedged to GBP UCITS ETF (GBP) A-dis * 8.66 9.36 (0.70) 0.09 0.45
UBS ETF - MSCI Japan hedged to GBP UCITS ETF (GBP) A-acc * 8.66 9.36 (0.70) 0.09 0.45
UBS ETF - MSCI Japan hedged to USD UCITS ETF (USD) A-dis * 9.12 9.67 (0.55) 0.06 0.45
UBS ETF - MSCI Japan hedged to USD UCITS ETF (USD) A-acc * 9.12 9.67 (0.55) 0.06 0.45
UBS ETF - MSCI Japan hedged to SGD UCITS ETF (SGD) A-acc * 9.50 10.38 (0.88) 0.09 0.45
UBS ETF - MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis (d (4.96) (4.76) (0.20) N/A* 0.40
UBS ETF - MSCI Japan Socially Responsible UCITS ETF (hedged to CHF) A-dis (c (0.10) 0.05 (0.15) N/A* 0.50
UBS ETF - MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis (8.75) (8.47) (0.28) 0.13 0.30
UBS ETF - MSCI Pacific (ex Japan) UCITS ETF (USD) A-UKdis (8.75) (8.47) (0.28) 0.13 0.30
UBS ETF - MSCI USA UCITS ETF (USD) A-dis 0.48 0.69 (0.21) 0.05 0.20
UBS ETF - MSCI USA UCITS ETF (USD) A-UKdis 0.48 0.69 (0.21) 0.05 0.20
UBS ETF - MSCI Canada UCITS ETF (CAD) A-dis (9.14) (9.04) (0.10) 0.07 0.33
UBS ETF - MSCI Canada UCITS ETF (CAD) A-UKdis (9.12) (9.04) (0.08) 0.09 0.33
UBS ETF - MSCI Canada UCITS ETF (hedged to EUR) A-acc (e (13.62) (13.49) (0.13) N/A* 0.43
UBS ETF - MSCI Canada UCITS ETF (hedged to GBP) A-acc (e (13.27) (13.08) (0.19) N/A* 0.43
UBS ETF - MSCI Canada UCITS ETF (hedged to GBP) A-dis (e (13.27) (13.08) (0.19) N/A* 0.43
UBS ETF - MSCI Canada UCITS ETF (hedged to CHF) A-acc (f (10.64) (10.45) (0.19) N/A* 0.43
UBS ETF - MSCI Canada UCITS ETF (hedged to USD) A-acc (e (13.06) (12.95) (0.11) N/A* 0.43
UBS ETF - MSCI Canada UCITS ETF (hedged to SGD) A-acc (8.61) (8.17) (0.44) 0.17 0.43
UBS ETF - MSCI Singapore UCITS ETF (SGD) A-dis (g (12.00) (11.80) (0.20) N/A* 0.45
UBS ETF - MSCI Hong Kong UCITS ETF (HKD) A-dis (g (14.68) (14.44) (0.24) N/A* 0.45
UBS ETF - MSCI Switzerland 20/35 UCITS ETF (CHF) A-dis 1.14 1.26 (0.12) 0.05 0.20
UBS ETF - MSCI Switzerland 20/35 UCITS ETF (CHF) A-acc 1.14 1.26 (0.12) 0.04 0.20
UBS ETF - MSCI Switzerland 20/35 UCITS ETF (CHF) A-UKdis 1.13 1.26 (0.13) 0.04 0.20
UBS ETF - MSCI Switzerland 20/35 UCITS ETF (hedged to GBP) A-dis (h (2.89) (2.76) (0.13) N/A* 0.30
UBS ETF - MSCI Switzerland 20/35 UCITS ETF (hedged to GBP) A-acc (h (2.92) (2.76) (0.16) N/A* 0.30
UBS ETF - MSCI Switzerland 20/35 UCITS ETF (hedged to SGD) A-acc (h (2.64) (2.35) (0.29) N/A* 0.30
UBS ETF - MSCI Switzerland 20/35 hedged to EUR UCITS ETF (EUR) A-dis * 0.84 1.01 (0.17) 0.08 0.30
UBS ETF - MSCI Switzerland 20/35 hedged to EUR UCITS ETF (EUR) A-acc * 0.84 1.01 (0.17) 0.07 0.30
UBS ETF - MSCI Switzerland 20/35 hedged to USD UCITS ETF (USD) A-dis * 1.20 1.64 (0.44) 0.16 0.30
UBS ETF - MSCI Switzerland 20/35 hedged to USD UCITS ETF (USD) A-acc * 1.20 1.64 (0.44) 0.16 0.30
UBS ETF - MSCI World UCITS ETF (USD) A-dis (1.13) (0.87) (0.26) 0.08 0.30
UBS ETF - MSCI Emerging Markets UCITS ETF (USD) A-dis (15.36) (14.92) (0.44) 0.50 0.45
UBS ETF - MSCI Emerging Markets UCITS ETF (USD) A-UKdis (15.36) (14.92) (0.44) 0.50 0.45
UBS ETF - MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-di (14.78) (14.18) (0.60) 0.63 0.53
UBS ETF - MSCI World Socially Responsible UCITS ETF (USD) A-dis (1.92) (1.58) (0.34) 0.03 0.38
UBS ETF - MSCI USA Socially Responsible UCITS ETF (USD) A-dis ** (i (2.36) (2.32) (0.04) N/A* 0.33
UBS ETF - MSCI North America Socially Responsible UCITS ETF (USD) A-dis ** (j (3.10) (2.80) (0.30) N/A* 0.33
UBS ETF - MSCI USA Socially Responsible UCITS ETF (hedged to CHF) A-dis (k (2.58) (2.53) (0.05) N/A* 0.43
UBS ETF - MSCI USA Socially Responsible UCITS ETF (hedged to CHF) A-acc (k (2.58) (2.53) (0.05) N/A* 0.43
UBS ETF - MSCI USA Socially Responsible UCITS ETF (hedged to EUR) A-dis (k (2.39) (2.34) (0.05) N/A* 0.43
UBS ETF - MSCI EMU Socially Responsible UCITS ETF (hedged to CHF) A-dis (k (2.70) (2.63) (0.07) N/A* 0.38
UBS ETF - MSCI EMU Socially Responsible UCITS ETF (hedged to CHF) A-acc (k (2.69) (2.63) (0.06) N/A* 0.38
UBS ETF - MSCI EMU Socially Responsible UCITS ETF (EUR) A-dis ** (l (4.37) (4.33) (0.04) N/A* 0.28
UBS ETF - MSCI Europe & Middle East Socially Responsible UCITS ETF (EUR) A-dis ** ( 16.83 16.90 (0.07) N/A* 0.28
UBS ETF - MSCI Pacific Socially Responsible UCITS ETF (USD) A-di 5.45 5.95 (0.50) 0.09 0.40
UBS ETF - Barclays Capital US 1-3 Year Treasury Bond UCITS ETF (USD) A-di 0.36 0.56 (0.20) - 0.20
UBS ETF - Barclays Capital US 3-5 Year Treasury Bond UCITS ETF (USD) A-di 1.38 1.60 (0.22) 0.07 0.20
UBS ETF - Barclays Capital US 5-7 Year Treasury Bond UCITS ETF (USD) A-di 1.76 1.98 (0.22) 0.02 0.20
UBS ETF - Barclays Capital US 7-10 Year Treasury Bond UCITS ETF (USD) A-di 1.42 1.63 (0.21) 0.18 0.20
UBS ETF - Markit iBoxx € Germany 1-3 UCITS ETF (EUR) A-dis 0.05 0.23 (0.18) 0.02 0.17
UBS ETF - Markit iBoxx € Germany 3-5 UCITS ETF (EUR) A-dis 0.45 0.64 (0.19) 0.03 0.17
UBS ETF - Markit iBoxx € Germany 5-10 UCITS ETF (EUR) A-dis 0.63 0.76 (0.13) 0.09 0.17
UBS ETF - Markit iBoxx € Germany 7-10 UCITS ETF (EUR) A-dis 0.68 0.82 (0.14) 0.07 0.17
UBS ETF - Markit iBoxx € Liquid Corporates UCITS ETF (EUR) A-dis (0.58) (0.41) (0.17) 0.03 0.20
UBS ETF - Barclays EUR Treasury 1-10 UCITS ETF (EUR) A-dis ** (m) (0.19) (0.19) - N/A* 0.17
UBS ETF - Markit iBoxx € Sovereigns 1-5 UCITS ETF (EUR) A-dis ** (n) 0.95 1.12 (0.17) N/A* 0.17
UBS ETF - SBI® Foreign AAA-BBB 1-5 UCITS ETF (CHF) A-dis 0.26 0.44 (0.18) 0.07 0.20
UBS ETF - SBI® Foreign AAA-BBB 5-10 UCITS ETF (CHF) A-dis 1.66 1.63 0.03 0.19 0.20
UBS ETF - Barclays Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) A-di 0.51 0.65 (0.14) 0.08 0.18
UBS ETF - Barclays Euro Area Liquid Corporates 1-5 Year UCITS ETF (hedged to USD) A-acc ( 0.64 0.78 (0.14) N/A* 0.23
UBS ETF - Barclays Euro Area Liquid Corporates 1-5 Year UCITS ETF (hedged to CHF) A-acc (o (0.75) (0.53) (0.22) N/A* 0.23
UBS ETF - Barclays US Liquid Corporates 1-5 Year UCITS ETF (USD) A-di 1.61 1.66 (0.05) 0.05 0.18
UBS ETF - Barclays US Liquid Corporates 1-5 Year UCITS ETF (hedged to EUR) A-acc (o (0.22) (0.15) (0.07) N/A* 0.23
UBS ETF - Barclays US Liquid Corporates 1-5 Year UCITS ETF (hedged to GBP) A-d 1.81 1.96 (0.15) 0.05 0.23
UBS ETF - Barclays US Liquid Corporates 1-5 Year UCITS ETF (hedged to CHF) A-acc ( (1.15) (1.01) (0.14) N/A* 0.23
UBS ETF - Barclays US Liquid Corporates UCITS ETF (USD) A-dis 0.20 0.16 0.04 0.07 0.18
UBS ETF - Barclays US Liquid Corporates UCITS ETF (hedged to EUR) A-ac 0.01 (0.06) 0.07 0.10 0.23
UBS ETF - Barclays US Liquid Corporates UCITS ETF (hedged to GBP) A-di 0.61 0.60 0.01 0.08 0.23
UBS ETF - Barclays US Liquid Corporates UCITS ETF (hedged to CHF) A-ac (1.46) (1.48) 0.02 0.07 0.23
UBS ETF - Barclays MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis (p 1.16 1.28 (0.12) N/A* 0.20
UBS ETF - Barclays MSCI US Liquid Corporates Sustainable UCITS ETF (hedged to EUR) A-acc (q 0.06 0.17 (0.11) N/A* 0.25
UBS ETF - Barclays MSCI US Liquid Corporates Sustainable UCITS ETF (hedged to GBP) A-dis (q 0.26 0.35 (0.09) N/A* 0.25
UBS ETF - Barclays MSCI US Liquid Corporates Sustainable UCITS ETF (hedged to CHF) A-dis (q (0.20) (0.10) (0.10) N/A* 0.25
* The Sub-Fund was launched less than 12 months before the end of the reporting period. Therefore, no tracking error (ex post) has been calculated for this Sub-Fu
** Sub-Fund’s name change, see Note 1 for further details
(a) from 18 August 2015 to 31 December 2015
(b) from 20 October 2015 to 31 December 2015
(c) from 30 October 2015 to 31 December 2015
(d) from 22 July 2015 to 31 December 2015
(e) from 27 February 2015 to 31 December 2015
(f) from 30 January 2015 to 31 December 2015
(g) from 4 June 2015 to 31 December 2015
(h) from 29 May 2015 to 31 December 2015
(i) effective 24 November 2015 the index changed from MSCI North America Socially Responsible Index (Net Return) to MSCI USA Socially Responsible Index (Net Ret
(j) from 1 January 2015 to 24 November 2015
(k) from 24 November 2015 to 31 December 2015
(l) effective 24 November 2015 the index changed from MSCI Europe & Middle East Socially Responsible Index (Net Return) to MSCI EMU SRI 5% Issuer Capped Index (Net Ret
(m) effective 10 December 2015 the index changed from Markit iBox€ Sovereigns 1-5 Total Return Index to Barclays EUR Treasury 1-10 Bond Index Total Retu
(n) from 1 January 2015 to 10 December 2015
(o) from 31 March 2015 to 31 December 2015
(p) from 23 July 2015 to 31 December 2015
(q) from 30 September 2015 to 31 December 2015
7
Semi-Annual Report as of 30 June 2016
Performance tables (continued)
Performance from 1 January 2014 to 31 December 2014
Performance Performance Tracking Tracking error Total Expense
of the Sub-Fund of the tracked difference (ex post) Ratio (TER)
(in %) (1) index (in %) (2) (in %) (3) (in %) (4)
Sub-Funds (unaudited) (in %) (unaudited) (unaudited) (unaudited) (unaudited)
UBS ETF - EURO STOXX 50 UCITS ETF (EUR) A-dis 4.75 4.01 0.74 0.25 0.15
UBS ETF - MSCI Europe UCITS ETF (EUR) A-dis 6.99 6.84 0.15 0.15 0.20
UBS ETF - MSCI Europe ex UK UCITS ETF (EUR) A-dis (a (1.32) (1.28) (0.04) N/A* 0.20
UBS ETF - MSCI EMU UCITS ETF (EUR) A-dis 4.75 4.32 0.43 0.25 0.23
UBS ETF - MSCI EMU UCITS ETF (EUR) A-UKdis (b) 3.46 3.39 0.07 N/A* 0.23
UBS ETF - MSCI EMU 100% hedged to CHF UCITS ETF (CHF) A-acc 4.31 4.02 0.29 0.25 0.33
UBS ETF - MSCI EMU 100% hedged to USD UCITS ETF (USD) A-dis (c (1.62) (1.68) 0.06 N/A* 0.33
UBS ETF - MSCI EMU 100% hedged to USD UCITS ETF (USD) A-acc 4.91 4.60 0.31 0.25 0.33
UBS ETF - MSCI EMU 100% hedged to GBP UCITS ETF (GBP) A-dis 5.16 4.90 0.26 0.26 0.33
UBS ETF - MSCI EMU 100% hedged to GBP UCITS ETF (GBP) A-acc 5.16 4.90 0.26 0.26 0.33
UBS ETF - MSCI EMU 100% hedged to SGD UCITS ETF (SGD) A-acc (d (1.03) (0.92) (0.11) N/A* 0.33
UBS ETF - MSCI EMU Value UCITS ETF (EUR) A-dis 4.14 3.61 0.53 0.30 0.25
UBS ETF - MSCI EMU Small Cap UCITS ETF (EUR) A-dis 4.73 3.76 0.97 1.29 0.33
UBS ETF - FTSE 100 UCITS ETF (GBP) A-dis 0.49 0.74 (0.25) 0.06 0.20
UBS ETF - FTSE 100 UCITS ETF (GBP) A-UKdis (b) 2.42 2.47 (0.05) N/A* 0.20
UBS ETF - FTSE 250 UCITS ETF (GBP) A-dis (a) 4.69 4.92 (0.23) N/A* 0.25
UBS ETF - MSCI United Kingdom UCITS ETF (GBP) A-dis 0.37 0.50 (0.13) 0.05 0.20
UBS ETF - MSCI United Kingdom UCITS ETF (GBP) A-acc 0.36 0.50 (0.14) 0.05 0.20
UBS ETF - MSCI United Kingdom UCITS ETF (GBP) A-UKdis (b 2.19 2.24 (0.05) N/A* 0.20
UBS ETF - MSCI United Kingdom 100% hedged to CHF UCITS ETF (CHF) A-ac (0.55) (0.32) (0.23) 0.08 0.30
UBS ETF - MSCI United Kingdom 100% hedged to EUR UCITS ETF (EUR) A-dis (c (2.89) (2.71) (0.18) N/A* 0.30
UBS ETF - MSCI United Kingdom 100% hedged to EUR UCITS ETF (EUR) A-ac (0.35) (0.07) (0.28) 0.04 0.30
UBS ETF - MSCI United Kingdom 100% hedged to USD UCITS ETF (USD) A-dis (c (2.65) (2.48) (0.17) N/A* 0.30
UBS ETF - MSCI United Kingdom 100% hedged to USD UCITS ETF (USD) A-ac 0.07 0.34 (0.27) 0.05 0.30
UBS ETF - MSCI United Kingdom 100% hedged to SGD UCITS ETF (SGD) A-acc (d (1.73) (1.49) (0.24) N/A* 0.30
UBS ETF - MSCI Turkey UCITS ETF (EUR) A-dis 34.46 35.19 (0.73) 0.07 0.43
UBS ETF - MSCI Japan UCITS ETF (JPY) A-dis 9.10 9.48 (0.38) 0.10 0.35
UBS ETF - MSCI Japan UCITS ETF (JPY) A-UKdis (b) 10.39 10.48 (0.09) N/A* 0.35
UBS ETF - MSCI Japan 100% hedged to CHF UCITS ETF (CHF) A-acc 7.86 8.46 (0.60) 0.15 0.45
UBS ETF - MSCI Japan 100% hedged to EUR UCITS ETF (EUR) A-dis (c 14.12 14.53 (0.41) N/A* 0.45
UBS ETF - MSCI Japan 100% hedged to EUR UCITS ETF (EUR) A-acc 8.18 8.75 (0.57) 0.16 0.45
UBS ETF - MSCI Japan 100% hedged to GBP UCITS ETF (GBP) A-dis 8.44 9.14 (0.70) 0.14 0.45
UBS ETF - MSCI Japan 100% hedged to GBP UCITS ETF (GBP) A-acc 8.44 9.14 (0.70) 0.14 0.45
UBS ETF - MSCI Japan 100% hedged to USD UCITS ETF (USD) A-dis (c 13.89 14.23 (0.34) N/A* 0.45
UBS ETF - MSCI Japan 100% hedged to USD UCITS ETF (USD) A-acc 7.92 8.50 (0.58) 0.10 0.45
UBS ETF - MSCI Japan 100% hedged to SGD UCITS ETF (SGD) A-acc (d 11.97 12.32 (0.35) N/A* 0.45
UBS ETF - MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis (0.78) (0.47) (0.31) 0.08 0.30
UBS ETF - MSCI Pacific (ex Japan) UCITS ETF (USD) A-UKdis (b (1.77) (1.66) (0.11) N/A* 0.30
UBS ETF - MSCI USA UCITS ETF (USD) A-dis 12.46 12.69 (0.23) 0.02 0.20
UBS ETF - MSCI USA UCITS ETF (USD) A-UKdis (b) 5.99 6.04 (0.05) N/A* 0.20
UBS ETF - MSCI Canada UCITS ETF (CAD) A-dis 10.61 10.65 (0.04) 0.03 0.33
UBS ETF - MSCI Canada UCITS ETF (CAD) A-UKdis (b (0.01) (0.02) 0.01 N/A* 0.33
UBS ETF - MSCI Canada UCITS ETF (hedged to SGD) A-acc (e (0.50) (0.47) (0.03) N/A* 0.43
UBS ETF - MSCI Canada 100% hedged to CHF UCITS ETF (CHF) A-ac 9.24 9.30 (0.06) 0.26 0.43
UBS ETF - MSCI Canada 100% hedged to EUR UCITS ETF (EUR) A-ac 9.55 9.60 (0.05) 0.18 0.43
UBS ETF - MSCI Canada 100% hedged to USD UCITS ETF (USD) A-ac 9.74 9.86 (0.12) 0.16 0.43
UBS ETF - MSCI Canada 100% hedged to GBP UCITS ETF (GBP) A-di 9.88 9.96 (0.08) 0.17 0.43
UBS ETF - MSCI Canada 100% hedged to GBP UCITS ETF (GBP) A-ac 9.89 9.96 (0.07) 0.18 0.43
UBS ETF - MSCI Canada 100% hedged to SGD UCITS ETF (SGD) A-acc (d (1.61) (1.49) (0.12) N/A* 0.43
UBS ETF - MSCI Switzerland 20/35 UCITS ETF (CHF) A-dis 11.51 11.62 (0.11) 0.04 0.20
UBS ETF - MSCI Switzerland 20/35 UCITS ETF (CHF) A-acc 11.51 11.62 (0.11) 0.04 0.20
UBS ETF - MSCI Switzerland 20/35 UCITS ETF (CHF) A-UKdis (b 3.79 3.80 (0.01) N/A* 0.20
UBS ETF - MSCI Switzerland 20/35 100% hedged to EUR UCITS ETF (EUR) A-dis (c 3.42 3.52 (0.10) N/A* 0.30
UBS ETF - MSCI Switzerland 20/35 100% hedged to EUR UCITS ETF (EUR) A-ac 11.78 11.94 (0.16) 0.05 0.30
UBS ETF - MSCI Switzerland 20/35 100% hedged to USD UCITS ETF (USD) A-dis (c 3.44 3.55 (0.11) N/A* 0.30
UBS ETF - MSCI Switzerland 20/35 100% hedged to USD UCITS ETF (USD) A-ac 11.81 12.02 (0.21) 0.10 0.30
UBS ETF - MSCI Switzerland 20/35 100% hedged to GBP UCITS ETF (GBP) A-di 12.15 12.45 (0.30) 0.05 0.30
UBS ETF - MSCI Switzerland 20/35 100% hedged to GBP UCITS ETF (GBP) A-ac 12.15 12.45 (0.30) 0.05 0.30
UBS ETF - MSCI Switzerland 20/35 100% hedged to SGD UCITS ETF (SGD) A-acc (d 4.86 5.00 (0.14) N/A* 0.30
UBS ETF - MSCI World UCITS ETF (USD) A-dis 4.78 4.94 (0.16) 0.05 0.30
UBS ETF - MSCI Emerging Markets UCITS ETF (USD) A-dis (2.72) (2.19) (0.53) 0.11 0.45
UBS ETF - MSCI Emerging Markets UCITS ETF (USD) A-UKdis (f) (3.97) (3.96) (0.01) N/A* 0.45
UBS ETF - MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (g (11.10) (10.73) (0.37) N/A* 0.53
UBS ETF - MSCI World Socially Responsible UCITS ETF (USD) A-dis 3.55 3.91 (0.36) 0.05 0.38
UBS ETF - MSCI North America Socially Responsible UCITS ETF (USD) A-di 10.56 10.91 (0.35) 0.03 0.33
UBS ETF - MSCI Europe & Middle East Socially Responsible UCITS ETF (EUR) A-d 5.96 6.05 (0.09) 0.16 0.28
UBS ETF - MSCI Pacific Socially Responsible UCITS ETF (USD) A-di (1.11) (0.59) (0.52) 0.10 0.41
UBS ETF - STOXX Global Rare Earth UCITS ETF (USD) A-dis (67.56) (68.42) 0.86 2.43 0.45
UBS ETF - Barclays Capital US 1-3 Year Treasury Bond UCITS ETF (USD) A-di 0.38 0.63 (0.25) 0.02 0.20
UBS ETF - Barclays Capital US 3-5 Year Treasury Bond UCITS ETF (USD) A-di 1.97 2.18 (0.21) 0.03 0.22
UBS ETF - Barclays Capital US 5-7 Year Treasury Bond UCITS ETF (USD) A-di 4.55 4.84 (0.29) 0.02 0.21
UBS ETF - Barclays Capital US 7-10 Year Treasury Bond UCITS ETF (USD) A-di 8.85 9.00 (0.15) 0.11 0.21
UBS ETF - Markit iBoxx € Germany 1-3 UCITS ETF (EUR) A-dis 0.59 0.76 (0.17) 0.04 0.17
UBS ETF - Markit iBoxx € Germany 3-5 UCITS ETF (EUR) A-dis 3.44 3.63 (0.19) 0.06 0.15
UBS ETF - Markit iBoxx € Germany 5-10 UCITS ETF (EUR) A-dis 10.78 11.04 (0.26) 0.09 0.17
UBS ETF - Markit iBoxx € Germany 7-10 UCITS ETF (EUR) A-dis 13.06 13.34 (0.28) 0.09 0.17
UBS ETF - Markit iBoxx € Liquid Corporates UCITS ETF (EUR) A-dis 6.66 6.80 (0.14) 0.05 0.22
UBS ETF - Markit iBoxx € Sovereigns 1-5 UCITS ETF (EUR) A-dis 3.18 3.38 (0.20) 0.10 0.17
UBS ETF - SBI® Foreign AAA-BBB 1-5 UCITS ETF (CHF) A-dis 1.28 1.53 (0.25) 0.07 0.20
UBS ETF - SBI® Foreign AAA-BBB 5-10 UCITS ETF (CHF) A-dis 7.64 7.87 (0.23) 0.15 0.20
UBS ETF - Barclays Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) A-dis (h 1.81 1.96 (0.15) N/A* 0.18
UBS ETF - Barclays US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis ( (0.28) (0.25) (0.03) N/A* 0.18
UBS ETF - Barclays US Liquid Corporates 1-5 Year UCITS ETF (hedged to GBP) A-dis ( (0.25) (0.24) (0.01) N/A* 0.23
UBS ETF - Barclays US Liquid Corporates UCITS ETF (USD) A-dis (h 2.10 2.15 (0.05) N/A* 0.18
UBS ETF - Barclays US Liquid Corporates UCITS ETF (hedged to EUR) A-acc (h 1.91 1.99 (0.08) N/A* 0.23
UBS ETF - Barclays US Liquid Corporates UCITS ETF (hedged to GBP) A-dis (j 1.17 1.16 0.01 N/A* 0.23
UBS ETF - Barclays US Liquid Corporates UCITS ETF (hedged to CHF) A-acc (k 2.38 2.34 0.04 N/A* 0.23
* The Sub-Fund was launched less than 12 months before the end of the reporting period. Therefore, no tracking error (ex post) has been calculated for this Sub-Fu
(a) from 24 June 2014 to 31 December 2014
(b) from 2 October 2014 to 31 December 2014
(c) from 4 June 2014 to 31 December 2014
(d) from 30 June 2014 to 31 December 2014
(e) from 28 November 2014 to 31 December 2014
(f) from 05 November 2014 to 31 December 2014
(g) from 4 September 2014 to 31 December 2014
(h) from 30 May 2014 to 31 December 2014
(i) from 1 December 2014 to 31 December 2014
(j) from 31 October 2014 to 31 December 2014
(k) from 30 September 2014 to 31 December 2014
8
Semi-Annual report as of 30 June 2016
Statement of Net Assets
at 30 June 2016 (Unaudited)
________________________________________________________________________________________________________________________________
UBS ETF EURO STOXX 50 MSCI Europe MSCI EMU
Consolidated UCITS ETF UCITS ETF UCITS ETF
Statement Sub-Fund Sub-Fund Sub-Fund
EUR EUR EUR EUR
________________________________________________________________________________________________________________________________
ASSETS
Market value of investment in securities (Note
2b) 14,207,381,526 700,852,557 189,037,427 1,390,017,644
Unrealised gain on forward foreign exchange
contracts (Notes 2f, 9) 130,512,115 – – –
Receivable for shares subscribed 1,405,758 – – –
Receivable for investment securities sold 42,367,162 – 100,759 443,809
Cash at banks 59,612,614 83,994 3,022,559 4
Interest receivable 17,029,182 67,189 6,230 70,962
Dividends receivable 38,454,920 4,197,332 618,094 4,982,511
Other receivables 38,196 21 715 6,303
TOTAL ASSETS 14,496,801,473 705,201,093 192,785,784 1,395,521,233
LIABILITIES
Payable for investment securities purchased 35,838,441 150,823 3,392,930 64,576
Unrealised loss on forward foreign exchange
contracts (Notes 2f, 9) 105,379,797 – – –
Payable for shares redeemed 33,186,771 – – –
Bank overdraft 24,973,180 3,912,109 5,472 3,985,162
Management fees payable (Note 3) 5,192,380 83,663 150,167 294,104
Other payables 70,934 112 – 2
TOTAL LIABILITIES 204,641,503 4,146,707 3,548,569 4,343,844
NET ASSETS AS OF 30 JUNE 2016 14,292,159,970 701,054,386 189,237,215 1,391,177,389
NUMBER OF SHARES OUTSTANDING AS OF 30 JUNE 2016
Class A-dis (*) 24,039,063 3,406,692 13,443,107
Class A-UKdis (*) – – 2,517,655
NET ASSET VALUE PER SHARE AS OF 30 JUNE 2016
Class A-dis (*) 29.1631 55.5487 100.7107
Class A-UKdis (*) – – 14.8204
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2015
Class A-dis (*) 32.6515 60.8855 111.0418
Class A-UKdis (*) – – 16.2753
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2014
Class A-dis (*) 31.6021 57.9296 103.7427
Class A-UKdis (*) – – 15.1569
INITIAL OFFERING PRICE (**)
Class A-dis (*) 35.2800 41.0300 18.6100
Class A-UKdis (*) – – 14.7457
COST OF INVESTMENTS AS OF
30 JUNE 2016 14,303,316,116 704,843,623 200,270,804 1,466,035,020
(*) The Share Class is in the Sub-Fund's base currency.
(**) As of initial dealing day (see Note 1)
The accompanying notes form an integral part of these financial statements.
9
Semi-Annual report as of 30 June 2016
Statement of Net Assets
at 30 June 2016 (Unaudited)
________________________________________________________________________________________________________________________________
MSCI EMU MSCI EMU MSCI EMU MSCI EMU
hedged to CHF hedged to USD hedged to GBP hedged to SGD
UCITS ETF UCITS ETF UCITS ETF UCITS ETF
Sub-Fund Sub-Fund Sub-Fund Sub-Fund
CHF USD GBP SGD
________________________________________________________________________________________________________________________________
ASSETS
Market value of investment in securities (Note
2b) 307,744,259 842,546,323 116,798,260 6,368,711
Unrealised gain on forward foreign exchange
contracts (Notes 2f, 9) 7,325,946 2,994,962 – 180,820
Receivable for shares subscribed – – – –
Receivable for investment securities sold 296,376 491,961 45,262 2,042
Cash at banks 73,142 106,426 2,133,847 2,536
Interest receivable 17,306 52,173 8,295 407
Dividends receivable 925,854 2,664,350 714,798 22,071
Other receivables – – – 3,968
TOTAL ASSETS 316,382,883 848,856,195 119,700,462 6,580,555
LIABILITIES
Payable for investment securities purchased 249,022 139,176 20,974 996
Unrealised loss on forward foreign exchange
contracts (Notes 2f, 9) – – 11,976,159 –
Payable for shares redeemed – – – –
Bank overdraft 439,646 2,008,117 518,103 18,963
Management fees payable (Note 3) 150,645 241,444 66,216 16,278
Other payables 3 – – –
TOTAL LIABILITIES 839,316 2,388,737 12,581,452 36,237
NET ASSETS AS OF 30 JUNE 2016 315,543,567 846,467,458 107,119,010 6,544,318
NUMBER OF SHARES OUTSTANDING AS OF 30 JUNE 2016
Class A-dis (*) – 2,765,009 2,114,880 –
Class A-acc (*) 13,913,746 38,620,968 4,801,827 400,000
NET ASSET VALUE PER SHARE AS OF 30 JUNE 2016
Class A-dis (*) – 19.6196 14.8562 –
Class A-acc (*) 22.6785 20.5127 15.7648 16.3608
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2015
Class A-dis (*) – 21.6875 16.3992 –
Class A-acc (*) 24.9978 22.3678 17.3903 17.8479
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2014
Class A-dis (*) – 20.4151 15.4149 –
Class A-acc (*) 23.3088 20.5051 15.9174 16.2815
INITIAL OFFERING PRICE (**)
Class A-dis (*) – 20.7927 14.6923 –
Class A-acc (*) 19.8462 17.0947 14.0530 16.4508
COST OF INVESTMENTS AS OF
30 JUNE 2016 350,734,895 993,356,461 118,382,784 7,516,229
(*) The Share Class is in the Sub-Fund's base currency.
(**) As of initial dealing day (see Note 1)
The accompanying notes form an integral part of these financial statements.
10
Semi-Annual report as of 30 June 2016
Statement of Net Assets
at 30 June 2016 (Unaudited)
________________________________________________________________________________________________________________________________
Factor MSCI EMU Factor MSCI EMU
MSCI EMU Value MSCI EMU Small Cap Quality Prime Value
UCITS ETF UCITS ETF UCITS ETF UCITS ETF
Sub-Fund Sub-Fund Sub-Fund Sub-Fund
EUR EUR EUR EUR
________________________________________________________________________________________________________________________________
ASSETS
Market value of investment in securities (Note
2b) 231,842,396 28,109,908 8,976,691 7,894,070
Unrealised gain on forward foreign exchange
contracts (Notes 2f, 9) – – – –
Receivable for shares subscribed – – – –
Receivable for investment securities sold 88,902 20,840 – –
Cash at banks 5,933 6,699 12,277 1,673
Interest receivable 26,458 5,052 – –
Dividends receivable 985,331 68,323 14,077 23,914
Other receivables 2 5,037 – –
TOTAL ASSETS 232,949,022 28,215,859 9,003,045 7,919,657
LIABILITIES
Payable for investment securities purchased 19,481 – – –
Unrealised loss on forward foreign exchange
contracts (Notes 2f, 9) – – 7,871 12,144
Payable for shares redeemed – – – –
Bank overdraft 793,540 16,300 – 1,343
Management fees payable (Note 3) 73,640 49,890 2,302 2,124
Other payables – – – –
TOTAL LIABILITIES 886,661 66,190 10,173 15,611
NET ASSETS AS OF 30 JUNE 2016 232,062,361 28,149,669 8,992,872 7,904,046
NUMBER OF SHARES OUTSTANDING AS OF 30 JUNE 2016
Class A-dis (*) 7,152,283 371,793 400,000 400,000
Class (hedged to USD) A-acc – – 90,000 90,000
Class (hedged to GBP) A-dis – – 40,000 40,000
Class (hedged to CHF) A-acc – – 100,000 100,000
NET ASSET VALUE PER SHARE AS OF 30 JUNE 2016
Class A-dis (*) 32.4459 75.7133 15.2195 13.3757
Class (hedged to USD) A-acc – – 16.1459 13.9806
Class (hedged to GBP) A-dis – – 8.9656 8.7782
Class (hedged to CHF) A-acc – – 12.6146 10.8083
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2015
Class A-dis (*) 37.4537 83.3437 15.5929 14.3651
Class (hedged to USD) A-acc – – 16.4110 14.8822
Class (hedged to GBP) A-dis – – – –
Class (hedged to CHF) A-acc – – 12.9502 11.6318
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2014
Class A-dis (*) 37.3736 68.2114 – –
Class (hedged to USD) A-acc – – – –
Class (hedged to GBP) A-dis – – – –
Class (hedged to CHF) A-acc – – – –
INITIAL OFFERING PRICE (**)
Class A-dis (*) 35.6500 43.7300 15.8075 14.6350
Class (hedged to USD) A-acc – – 16.8245 15.1320
Class (hedged to GBP) A-dis – – 8.8696 8.8001
Class (hedged to CHF) A-acc – – 12.5731 11.2666
________________________________________________________________________________________________________________________________
COST OF INVESTMENTS AS OF
30 JUNE 2016 264,614,635 28,435,067 9,503,378 8,773,948
(*) The Share Class is in the Sub-Fund's base currency.
(**) As of initial dealing day (see Note 1)
The accompanying notes form an integral part of these financial statements.
11
Semi-Annual report as of 30 June 2016
Statement of Net Assets
at 30 June 2016 (Unaudited)
________________________________________________________________________________________________________________________________
Factor MSCI EMU Factor MSCI EMU
Low Volatility Total Shareholder FTSE 100 FTSE 250
UCITS ETF Yield UCITS ETF UCITS ETF UCITS ETF
Sub-Fund Sub-Fund Sub-Fund Sub-Fund
EUR EUR GBP GBP
________________________________________________________________________________________________________________________________
ASSETS
Market value of investment in securities (Note
2b) 54,570,158 8,428,810 140,875,065 7,439,585
Unrealised gain on forward foreign exchange
contracts (Notes 2f, 9) 148,088 – – –
Receivable for shares subscribed – – – –
Receivable for investment securities sold – – 394,439 172,502
Cash at banks 62,930 8,651 23,743 893
Interest receivable – – 1,017 270
Dividends receivable 116,069 16,581 685,088 30,080
Other receivables – – – –
TOTAL ASSETS 54,897,245 8,454,042 141,979,352 7,643,330
LIABILITIES
Payable for investment securities purchased – – 457,435 172,859
Unrealised loss on forward foreign exchange
contracts (Notes 2f, 9) – 9,221 – –
Payable for shares redeemed – – – –
Bank overdraft – – 528,705 18,278
Management fees payable (Note 3) 13,187 2,213 29,986 1,560
Other payables – – 58 –
TOTAL LIABILITIES 13,187 11,434 1,016,184 192,697
NET ASSETS AS OF 30 JUNE 2016 54,884,058 8,442,608 140,963,168 7,450,633
NUMBER OF SHARES OUTSTANDING AS OF 30 JUNE 2016
Class A-dis (*) 3,425,536 400,000 2,281,157 685,000
Class A-UKdis (*) – – 157,347 –
Class (hedged to USD) A-acc 40,000 90,000 – –
Class (hedged to GBP) A-dis 40,000 40,000 – –
Class (hedged to CHF) A-acc 807,564 100,000 – –
NET ASSET VALUE PER SHARE AS OF 30 JUNE 2016
Class A-dis (*) 12.8794 14.5632 61.1305 10.8768
Class A-UKdis (*) – – 9.6273 –
Class (hedged to USD) A-acc 13.5687 12.3181 – –
Class (hedged to GBP) A-dis 9.4174 9.0599 – –
Class (hedged to CHF) A-acc 13.1653 12.8074 – –
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2015
Class A-dis (*) 13.3182 15.4236 58.4256 11.6850
Class A-UKdis (*) – – 9.0385 –
Class (hedged to USD) A-acc 13.9115 12.9335 – –
Class (hedged to GBP) A-dis – – – –
Class (hedged to CHF) A-acc 13.6310 13.5669 – –
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2014
Class A-dis (*) – – 61.6791 10.8819
Class A-UKdis (*) – – 9.8568 –
Class (hedged to USD) A-acc – – – –
Class (hedged to GBP) A-dis – – – –
Class (hedged to CHF) A-acc – – – –
(*) The Share Class is in the Sub-Fund's base currency.
The accompanying notes form an integral part of these financial statements.
12
Semi-Annual report as of 30 June 2016
Statement of Net Assets
at 30 June 2016 (Unaudited)
Factor MSCI EMU Factor MSCI EMU
Low Volatility Total Shareholder FTSE 100 FTSE 250
UCITS ETF Yield UCITS ETF UCITS ETF UCITS ETF
Sub-Fund Sub-Fund Sub-Fund Sub-Fund
EUR EUR GBP GBP
INITIAL OFFERING PRICE (**)
Class A-dis (*) 13.3908 15.9271 34.6900 10.4003
Class A-UKdis (*) – – 9.6742 –
Class (hedged to USD) A-acc 14.1154 13.2763 – –
Class (hedged to GBP) A-dis 9.4360 9.2491 – –
Class (hedged to CHF) A-acc 13.3096 13.3399 – –
COST OF INVESTMENTS AS OF
30 JUNE 2016 55,375,418 9,269,362 129,259,230 7,475,324
(*) The Share Class is in the Sub-Fund's base currency.
(**) As of initial dealing day (see Note 1)
The accompanying notes form an integral part of these financial statements.
13
Semi-Annual report as of 30 June 2016
Statement of Net Assets
at 30 June 2016 (Unaudited)
________________________________________________________________________________________________________________________________
MSCI United MSCI United MSCI United
MSCI United Kingdom Kingdom Kingdom
Kingdom hedged to CHF hedged to EUR hedged to USD
UCITS ETF UCITS ETF UCITS ETF UCITS ETF
Sub-Fund Sub-Fund Sub-Fund Sub-Fund
GBP CHF EUR USD
________________________________________________________________________________________________________________________________
ASSETS
Market value of investment in securities (Note
2b) 730,949,642 535,153,813 256,006,468 600,148,081
Unrealised gain on forward foreign exchange
contracts (Notes 2f, 9) – 56,317,835 20,959,911 51,146,387
Receivable for shares subscribed – – – –
Receivable for investment securities sold 1,344,179 984,404 471,163 1,104,218
Cash at banks 177,237 104,668 21,759 80,732
Interest receivable 1,634 1,299 747 1,358
Dividends receivable 4,103,025 3,034,756 1,451,124 3,365,958
Other receivables – – – 9,303
TOTAL ASSETS 736,575,717 595,596,775 278,911,172 655,856,037
LIABILITIES
Payable for investment securities purchased 561,437 421,369 201,098 459,328
Unrealised loss on forward foreign exchange
contracts (Notes 2f, 9) – – – –
Payable for shares redeemed – – – –
Bank overdraft 2,947,769 2,138,759 984,108 2,348,539
Management fees payable (Note 3) 112,382 158,405 79,063 201,940
Other payables – – – –
TOTAL LIABILITIES 3,621,588 2,718,533 1,264,269 3,009,807
NET ASSETS AS OF 30 JUNE 2016 732,954,129 592,878,242 277,646,903 652,846,230
NUMBER OF SHARES OUTSTANDING AS OF 30 JUNE 2016
Class A-dis (*) 501,878 – 222,625 858,396
Class A-acc (*) 37,994,466 40,410,220 17,446,749 54,293,109
Class A-UKdis (*) 1,209,585 – – –
NET ASSET VALUE PER SHARE AS OF 30 JUNE 2016
Class A-dis (*) 16.9653 – 14.8811 11.3322
Class A-acc (*) 18.7141 14.6715 15.7241 11.8453
Class A-UKdis (*) 11.0851 – – –
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2015
Class A-dis (*) 15.8876 – 14.3061 10.7139
Class A-acc (*) 17.5252 13.9291 14.8546 11.1241
Class A-UKdis (*) 10.3809 – – –
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2014
Class A-dis (*) 16.9654 – 15.2600 11.4196
Class A-acc (*) 17.9572 14.5413 15.2463 11.4089
Class A-UKdis (*) 11.1837 – – –
INITIAL OFFERING PRICE (**)
Class A-dis (*) 17.5618 – 15.7400 11.7506
Class A-acc (*) 16.9092 13.8570 14.5000 10.7984
Class A-UKdis (*) 11.0015 – – –
COST OF INVESTMENTS AS OF
30 JUNE 2016 722,748,255 574,266,064 274,106,766 656,867,619
(*) The Share Class is in the Sub-Fund's base currency.
(**) As of initial dealing day (see Note 1)
The accompanying notes form an integral part of these financial statements.
14
Semi-Annual report as of 30 June 2016
Statement of Net Assets
at 30 June 2016 (Unaudited)
________________________________________________________________________________________________________________________________
MSCI United
Kingdom MSCI Japan MSCI Japan
hedged to SGD MSCI Japan hedged to CHF hedged to EUR
UCITS ETF UCITS ETF UCITS ETF UCITS ETF
Sub-Fund Sub-Fund Sub-Fund Sub-Fund
SGD JPY CHF EUR
________________________________________________________________________________________________________________________________
ASSETS
Market value of investment in securities (Note
2b) 6,522,548 74,777,891,358 133,237,425 145,482,108
Unrealised gain on forward foreign exchange
contracts (Notes 2f, 9) 713,175 – – –
Receivable for shares subscribed – – – –
Receivable for investment securities sold 11,381 208,840,811 – –
Cash at banks 2,390 103,466,594 2,602,509 223,033
Interest receivable 15 1,131,953 2,457 2,631
Dividends receivable 36,868 110,676,944 191,345 211,546
Other receivables – – – –
TOTAL ASSETS 7,286,377 75,202,007,660 136,033,736 145,919,318
LIABILITIES
Payable for investment securities purchased 5,103 – 2,469,746 –
Unrealised loss on forward foreign exchange
contracts (Notes 2f, 9) – – 8,157,151 12,314,950
Payable for shares redeemed – 294,036,511 – –
Bank overdraft 20,695 39,498,698 11,737 –
Management fees payable (Note 3) 1,693 33,553,516 124,863 108,645
Other payables – 299,932 – –
TOTAL LIABILITIES 27,491 367,388,657 10,763,497 12,423,595
NET ASSETS AS OF 30 JUNE 2016 7,258,886 74,834,619,003 125,270,239 133,495,723
NUMBER OF SHARES OUTSTANDING AS OF 30 JUNE 2016
Class A-dis (*) – 19,738,644 – 1,996,519
Class A-acc (*) 450,000 – 11,655,557 6,824,593
Class A-UKdis (*) – 702,362 – –
NET ASSET VALUE PER SHARE AS OF 30 JUNE 2016
Class A-dis (*) – 3,743.9202 – 14.8983
Class A-acc (*) 16.1309 – 10.7477 15.2025
Class A-UKdis (*) – 1,330.8097 – –
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2015
Class A-dis (*) – 4,697.6839 – 19.0533
Class A-acc (*) 15.1547 – 13.5837 19.1930
Class A-UKdis (*) – 1,655.3810 – –
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2014
Class A-dis (*) – 4,340.4921 – 17.6521
Class A-acc (*) 15.4643 – 12.5933 17.5820
Class A-UKdis (*) – 1,535.7623 – –
INITIAL OFFERING PRICE (**)
Class A-dis (*) – 4,617.0000 – 15.4750
Class A-acc (*) 15.7363 – 10.7140 14.9060
Class A-UKdis (*) – 1,417.2420 – –
COST OF INVESTMENTS AS OF
30 JUNE 2016 7,910,359 75,090,781,543 141,730,371 150,406,127
(*) The Share Class is in the Sub-Fund's base currency.
(**) As of initial dealing day (see Note 1)
The accompanying notes form an integral part of these financial statements.
15
Semi-Annual report as of 30 June 2016
Statement of Net Assets
at 30 June 2016 (Unaudited)
________________________________________________________________________________________________________________________________
MSCI Japan MSCI Japan MSCI Japan MSCI Japan Socially
hedged to GBP hedged to USD hedged to SGD Responsible
UCITS ETF UCITS ETF UCITS ETF UCITS ETF
Sub-Fund Sub-Fund Sub-Fund Sub-Fund
GBP USD SGD JPY
________________________________________________________________________________________________________________________________
ASSETS
Market value of investment in securities (Note
2b) 99,508,912 313,277,499 18,745,275 2,002,895,290
Unrealised gain on forward foreign exchange
contracts (Notes 2f, 9) – – – –
Receivable for shares subscribed – – – –
Receivable for investment securities sold – – – –
Cash at banks 264,600 2,119,626 24,571 258,932
Interest receivable 1,971 5,547 341 –
Dividends receivable 145,866 459,279 27,033 1,459,841
Other receivables – – – –
TOTAL ASSETS 99,921,349 315,861,951 18,797,220 2,004,614,063
LIABILITIES
Payable for investment securities purchased – – – –
Unrealised loss on forward foreign exchange
contracts (Notes 2f, 9) 16,576,453 27,100,932 1,076,100 41,939,459
Payable for shares redeemed – – – –
Bank overdraft – – 2,136 5,010,321
Management fees payable (Note 3) 81,089 208,951 6,646 1,044,959
Other payables – – – –
TOTAL LIABILITIES 16,657,542 27,309,883 1,084,882 47,994,739
NET ASSETS AS OF 30 JUNE 2016 83,263,807 288,552,068 17,712,338 1,956,619,324
NUMBER OF SHARES OUTSTANDING AS OF 30 JUNE 2016
Class A-dis (*) 2,288,905 733,789 – 715,500
Class A-acc (*) 2,845,840 16,005,065 1,500,000 –
Class (hedged to EUR) A-acc – – – 104,500
Class (hedged to USD) A-acc – – – 110,000
Class (hedged to CHF) A-dis – – – 272,464
NET ASSET VALUE PER SHARE AS OF 30 JUNE 2016
Class A-dis (*) 15.9828 16.9484 – 1,845.1455
Class A-acc (*) 16.4032 17.2518 11.8082 –
Class (hedged to EUR) A-acc – – – 9.5039
Class (hedged to USD) A-acc – – – 8.7669
Class (hedged to CHF) A-dis – – – 14.7876
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2015
Class A-dis (*) 20.5781 21.4851 – 2,275.5918
Class A-acc (*) 20.9478 21.6432 14.7435 –
Class (hedged to EUR) A-acc – – – –
Class (hedged to USD) A-acc – – – –
Class (hedged to CHF) A-dis – – – 18.3981
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2014
Class A-dis (*) 19.1843 19.9019 – –
Class A-acc (*) 19.2783 19.8342 13.4638 –
Class (hedged to EUR) A-acc – – – –
Class (hedged to USD) A-acc – – – –
Class (hedged to CHF) A-dis – – – –
(*) The Share Class is in the Sub-Fund's base currency.
The accompanying notes form an integral part of these financial statements.
16
Semi-Annual report as of 30 June 2016
Statement of Net Assets
at 30 June 2016 (Unaudited)
MSCI Japan MSCI Japan MSCI Japan MSCI Japan Socially
hedged to GBP hedged to USD hedged to SGD Responsible
UCITS ETF UCITS ETF UCITS ETF UCITS ETF
Sub-Fund Sub-Fund Sub-Fund Sub-Fund
GBP USD SGD JPY
INITIAL OFFERING PRICE (**)
Class A-dis (*) 16.5517 17.4850 – 2,394.2400
Class A-acc (*) 16.3000 16.8380 12.0240 –
Class (hedged to EUR) A-acc – – – 10.1811
Class (hedged to USD) A-acc – – – 9.3716
Class (hedged to CHF) A-dis – – – 18.4166
COST OF INVESTMENTS AS OF
30 JUNE 2016 89,823,420 335,776,408 18,578,655 2,306,597,062
(*) The Share Class is in the Sub-Fund's base currency.
(**) As of initial dealing day (see Note 1)
The accompanying notes form an integral part of these financial statements.
17
Semi-Annual report as of 30 June 2016
Statement of Net Assets
at 30 June 2016 (Unaudited)
________________________________________________________________________________________________________________________________
MSCI Pacific
(ex Japan) MSCI USA MSCI Canada MSCI Singapore
UCITS ETF UCITS ETF UCITS ETF UCITS ETF
Sub-Fund Sub-Fund Sub-Fund Sub-Fund
USD USD CAD SGD
________________________________________________________________________________________________________________________________
ASSETS
Market value of investment in securities (Note
2b) 170,350,130 1,574,206,609 336,041,438 39,116,460
Unrealised gain on forward foreign exchange
contracts (Notes 2f, 9) – – – –
Receivable for shares subscribed – – 2,028,214 –
Receivable for investment securities sold – 29,631,569 – –
Cash at banks 48,657 1,935,484 627,517 131,801
Interest receivable 2,463 4,023 66,955 –
Dividends receivable 1,020,149 1,297,871 608,154 –
Other receivables 5 4,051 – –
TOTAL ASSETS 171,421,404 1,607,079,607 339,372,278 39,248,261
LIABILITIES
Payable for investment securities purchased 215,851 – 2,297,037 –
Unrealised loss on forward foreign exchange
contracts (Notes 2f, 9) – – 259,372 –
Payable for shares redeemed – 30,605,752 – –
Bank overdraft 549,085 – 439,922 –
Management fees payable (Note 3) 213,640 291,520 212,949 19,382
Other payables – – 10 –
TOTAL LIABILITIES 978,576 30,897,272 3,209,290 19,382
NET ASSETS AS OF 30 JUNE 2016 170,442,828 1,576,182,335 336,162,988 39,228,879
NUMBER OF SHARES OUTSTANDING AS OF 30 JUNE 2016
Class A-dis (*) 4,545,927 7,682,355 7,601,078 1,795,539
Class A-UKdis (*) 357,047 1,997,950 481,112 –
Class (hedged to EUR) A-acc – – 487,335 –
Class (hedged to USD) A-acc – – 1,448,066 –
Class (hedged to GBP) A-dis – – 23,983 –
Class (hedged to GBP) A-acc – – 41,187 –
Class (hedged to CHF) A-acc – – 707,179 –
Class (hedged to SGD) A-acc – – 50,100 –
NET ASSET VALUE PER SHARE AS OF 30 JUNE 2016
Class A-dis (*) 36.6383 200.5929 35.6661 21.8480
Class A-UKdis (*) 10.8885 17.5964 12.8520 –
Class (hedged to EUR) A-acc – – 14.3835 –
Class (hedged to USD) A-acc – – 16.3382 –
Class (hedged to GBP) A-dis – – 11.1297 –
Class (hedged to GBP) A-acc – – 11.2052 –
Class (hedged to CHF) A-acc – – 16.9258 –
Class (hedged to SGD) A-acc – – 16.9289 –
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2015
Class A-dis (*) 36.8631 195.9262 33.6541 22.4131
Class A-UKdis (*) 10.6513 17.0904 11.9722 –
Class (hedged to EUR) A-acc – – 13.4443 –
Class (hedged to USD) A-acc – – 15.1469 –
Class (hedged to GBP) A-dis – – 10.3780 –
Class (hedged to GBP) A-acc – – 10.4468 –
Class (hedged to CHF) A-acc – – 15.8629 –
Class (hedged to SGD) A-acc – – 15.6781 –
(*) The Share Class is in the Sub-Fund's base currency.
The accompanying notes form an integral part of these financial statements.
18
Semi-Annual report as of 30 June 2016
Statement of Net Assets
at 30 June 2016 (Unaudited)
MSCI Pacific
(ex Japan) MSCI USA MSCI Canada MSCI Singapore
UCITS ETF UCITS ETF UCITS ETF UCITS ETF
Sub-Fund Sub-Fund Sub-Fund Sub-Fund
USD USD CAD SGD
________________________________________________________________________________________________________________________________
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2014
Class A-dis (*) 42.3971 197.5140 37.8002 25.3941
Class A-UKdis (*) 12.2444 17.2290 13.4867 –
Class (hedged to EUR) A-acc – – – –
Class (hedged to USD) A-acc – – – –
Class (hedged to GBP) A-dis – – – –
Class (hedged to GBP) A-acc – – – –
Class (hedged to CHF) A-acc – – – –
Class (hedged to SGD) A-acc – – 17.1558 –
INITIAL OFFERING PRICE (**)
Class A-dis (*) 35.9700 131.9600 29.9200 25.4697
Class A-UKdis (*) 13.0582 16.2896 13.5250 –
Class (hedged to EUR) A-acc – – 15.5635 –
Class (hedged to USD) A-acc – – 17.4232 –
Class (hedged to GBP) A-dis – – 12.0449 –
Class (hedged to GBP) A-acc – – 12.0449 –
Class (hedged to CHF) A-acc – – 17.7510 –
Class (hedged to SGD) A-acc – – 17.2413 –
COST OF INVESTMENTS AS OF
30 JUNE 2016 194,246,668 1,245,724,358 334,228,284 44,036,136
(*) The Share Class is in the Sub-Fund's base currency.
(**) As of initial dealing day (see Note 1)
The accompanying notes form an integral part of these financial statements.
19
Semi-Annual report as of 30 June 2016
Statement of Net Assets
at 30 June 2016 (Unaudited)
________________________________________________________________________________________________________________________________
MSCI Switzerland MSCI Switzerland
MSCI Hong Kong MSCI Switzerland 20/35 hedged 20/35 hedged
UCITS ETF 20/35 UCITS ETF to EUR UCITS ETF to USD UCITS ETF
Sub-Fund Sub-Fund Sub-Fund Sub-Fund
HKD CHF EUR USD
________________________________________________________________________________________________________________________________
ASSETS
Market value of investment in securities (Note
2b) 305,722,194 544,043,029 139,432,620 144,445,984
Unrealised gain on forward foreign exchange
contracts (Notes 2f, 9) – – – –
Receivable for shares subscribed – – – –
Receivable for investment securities sold – – – –
Cash at banks 49,455 2,829,315 256,482 449,503
Interest receivable – 2,043 552 590
Dividends receivable 759,440 – – –
Other receivables – 1,259 – –
TOTAL ASSETS 306,531,089 546,875,646 139,689,654 144,896,077
LIABILITIES
Payable for investment securities purchased – 1,169,516 – –
Unrealised loss on forward foreign exchange
contracts (Notes 2f, 9) – 3,805,746 3,342,076 3,156,391
Payable for shares redeemed – – – –
Bank overdraft 231,412 4,781 – 22,627
Management fees payable (Note 3) 134,523 109,145 62,772 82,166
Other payables – – – –
TOTAL LIABILITIES 365,935 5,089,188 3,404,848 3,261,184
NET ASSETS AS OF 30 JUNE 2016 306,165,154 541,786,458 136,284,806 141,634,893
NUMBER OF SHARES OUTSTANDING AS OF 30 JUNE 2016
Class A-dis (*) 2,514,000 6,602,306 460,073 696,361
Class A-acc (*) – 24,934,982 9,992,190 7,215,191
Class A-UKdis (*) – 1,511,280 – –
Class (hedged to GBP) A-dis – 965,090 – –
Class (hedged to GBP) A-acc – 364,121 – –
Class (hedged to SGD) A-acc – 182,514 – –
NET ASSET VALUE PER SHARE AS OF 30 JUNE 2016
Class A-dis (*) 121.7841 15.0611 12.5635 17.2951
Class A-acc (*) – 15.9659 13.0607 17.9609
Class A-UKdis (*) – 12.5005 – –
Class (hedged to GBP) A-dis – 13.3622 – –
Class (hedged to GBP) A-acc – 13.3619 – –
Class (hedged to SGD) A-acc – 16.7860 – –
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2015
Class A-dis (*) 122.7910 16.2689 13.6363 18.4128
Class A-acc (*) – 17.0302 13.9056 19.0236
Class A-UKdis (*) – 13.3437 – –
Class (hedged to GBP) A-dis – 14.2592 – –
Class (hedged to GBP) A-acc – 14.2539 – –
Class (hedged to SGD) A-acc – 17.7102 – –
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2014
Class A-dis (*) 138.8472 16.5376 13.8033 18.8213
Class A-acc (*) – 16.8387 13.7901 18.7974
Class A-UKdis (*) – 13.4885 – –
Class (hedged to GBP) A-dis – – – –
Class (hedged to GBP) A-acc – – – –
Class (hedged to SGD) A-acc – – – –
(*) The Share Class is in the Sub-Fund's base currency.
The accompanying notes form an integral part of these financial statements.
20
Semi-Annual report as of 30 June 2016
Statement of Net Assets
at 30 June 2016 (Unaudited)
MSCI Switzerland MSCI Switzerland
MSCI Hong Kong MSCI Switzerland 20/35 hedged 20/35 hedged
UCITS ETF 20/35 UCITS ETF to EUR UCITS ETF to USD UCITS ETF
Sub-Fund Sub-Fund Sub-Fund Sub-Fund
HKD CHF EUR USD
INITIAL OFFERING PRICE (**)
Class A-dis (*) 144.2409 15.1897 13.3468 18.1945
Class A-acc (*) – 15.1293 12.3558 16.8365
Class A-UKdis (*) – 12.9964 – –
Class (hedged to GBP) A-dis – 14.6831 – –
Class (hedged to GBP) A-acc – 14.6831 – –
Class (hedged to SGD) A-acc – 18.1905 – –
COST OF INVESTMENTS AS OF
30 JUNE 2016 324,789,256 576,843,545 141,102,909 159,464,346
(*) The Share Class is in the Sub-Fund's base currency.
(**) As of initial dealing day (see Note 1)
The accompanying notes form an integral part of these financial statements.
21
Semi-Annual report as of 30 June 2016
Statement of Net Assets
at 30 June 2016 (Unaudited)
________________________________________________________________________________________________________________________________
MSCI Emerging
MSCI Emerging Markets Socially MSCI World Socially
MSCI World Markets Responsible Responsible
UCITS ETF UCITS ETF UCITS ETF UCITS ETF
Sub-Fund Sub-Fund Sub-Fund Sub-Fund
USD USD USD USD
________________________________________________________________________________________________________________________________
ASSETS
Market value of investment in securities (Note
2b) 994,511,978 586,396,301 95,381,603 155,174,587
Unrealised gain on forward foreign exchange
contracts (Notes 2f, 9) – 2,739 – –
Receivable for shares subscribed – – – –
Receivable for investment securities sold 172,476 776,556 – 329,670
Cash at banks 2,316,942 3,363,744 9,576,015 1,171,111
Interest receivable 20,432 8,998 64 3,571
Dividends receivable 1,784,924 3,382,191 232,087 366,389
Other receivables 7,227 – – –
TOTAL ASSETS 998,813,979 593,930,529 105,189,769 157,045,328
LIABILITIES
Payable for investment securities purchased 1,892,176 1,895,101 9,211,504 1,446,899
Unrealised loss on forward foreign exchange
contracts (Notes 2f, 9) – – – –
Payable for shares redeemed – – – –
Bank overdraft – 2,818,443 – –
Management fees payable (Note 3) 555,205 787,611 71,340 130,753
Other payables – – – –
TOTAL LIABILITIES 2,447,381 5,501,155 9,282,844 1,577,652
NET ASSETS AS OF 30 JUNE 2016 996,366,598 588,429,374 95,906,925 155,467,676
NUMBER OF SHARES OUTSTANDING AS OF 30 JUNE 2016
Class A-dis (*) 5,989,161 6,835,237 8,314,773 2,131,138
Class A-UKdis (*) – 1,829,834 – –
NET ASSET VALUE PER SHARE AS OF 30 JUNE 2016
Class A-dis (*) 166.3616 82.9564 11.5345 72.9505
Class A-UKdis (*) – 11.6967 – –
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2015
Class A-dis (*) 167.0061 79.3324 10.6196 72.6715
Class A-UKdis (*) – 11.0058 – –
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2014
Class A-dis (*) 172.0933 95.9904 12.6436 75.4300
Class A-UKdis (*) – 13.3778 – –
INITIAL OFFERING PRICE (**)
Class A-dis (*) 142.8400 112.1200 14.2221 51.7100
Class A-UKdis (*) – 13.9359 – –
COST OF INVESTMENTS AS OF
30 JUNE 2016 924,029,380 620,356,419 94,836,761 151,041,757
(*) The Share Class is in the Sub-Fund's base currency.
(**) As of initial dealing day (see Note 1)
The accompanying notes form an integral part of these financial statements.
22
Semi-Annual report as of 30 June 2016
Statement of Net Assets
at 30 June 2016 (Unaudited)
________________________________________________________________________________________________________________________________
MSCI USA Socially MSCI EMU Socially MSCI Pacific Socially Barclays Capital US
Responsible Responsible Responsible 1-3 Year Treasury
UCITS ETF UCITS ETF UCITS ETF Bond UCITS ETF
Sub-Fund Sub-Fund Sub-Fund Sub-Fund
USD EUR USD USD
________________________________________________________________________________________________________________________________
ASSETS
Market value of investment in securities (Note
2b) 237,141,072 79,130,318 25,996,643 170,712,046
Unrealised gain on forward foreign exchange
contracts (Notes 2f, 9) 953,082 254,365 – –
Receivable for shares subscribed – – – –
Receivable for investment securities sold – – – –
Cash at banks 805,143 9,059 71,357 232,952
Interest receivable 2,464 1,316 176 580,534
Dividends receivable 173,375 147,624 142,096 –
Other receivables 2,374 – – –
TOTAL ASSETS 239,077,510 79,542,682 26,210,272 171,525,532
LIABILITIES
Payable for investment securities purchased 23,614 – 41,164 –
Unrealised loss on forward foreign exchange
contracts (Notes 2f, 9) – – – 213,301
Payable for shares redeemed – – – –
Bank overdraft – 162,863 140,206 –
Management fees payable (Note 3) 93,418 33,000 21,869 34,818
Other payables – – – –
TOTAL LIABILITIES 117,032 195,863 203,239 248,119
NET ASSETS AS OF 30 JUNE 2016 238,960,478 79,346,819 26,007,033 171,277,413
NUMBER OF SHARES OUTSTANDING AS OF 30 JUNE 2016
Class A-dis (*) 2,059,735 909,157 431,651 5,651,000
Class (hedged to EUR) A-dis 373,500 – – 2,149,204
Class (hedged to USD) A-acc – 90,000 – –
Class (hedged to CHF) A-dis 1,030,000 400,000 – –
Class (hedged to CHF) A-acc 4,159,204 402,130 – –
NET ASSET VALUE PER SHARE AS OF 30 JUNE 2016
Class A-dis (*) 82.7274 75.1384 60.2501 25.1415
Class (hedged to EUR) A-dis 12.0617 – – 12.2307
Class (hedged to USD) A-acc – 11.3751 – –
Class (hedged to CHF) A-dis 11.9147 13.6441 – –
Class (hedged to CHF) A-acc 11.9367 13.6455 – –
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2015
Class A-dis (*) 80.7235 77.6551 62.5397 24.8942
Class (hedged to EUR) A-dis 11.7902 – – –
Class (hedged to USD) A-acc – – – –
Class (hedged to CHF) A-dis 11.7024 13.9426 – –
Class (hedged to CHF) A-acc 11.7024 13.9448 – –
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2014
Class A-dis (*) 86.3448 69.9312 60.8670 24.9115
Class (hedged to EUR) A-dis – – – –
Class (hedged to USD) A-acc – – – –
Class (hedged to CHF) A-dis – – – –
Class (hedged to CHF) A-acc – – – –
(*) The Share Class is in the Sub-Fund's base currency.
The accompanying notes form an integral part of these financial statements.
23
Semi-Annual report as of 30 June 2016
Statement of Net Assets
at 30 June 2016 (Unaudited)
MSCI USA Socially MSCI EMU Socially MSCI Pacific Socially Barclays Capital US
Responsible Responsible Responsible 1-3 Year Treasury
UCITS ETF UCITS ETF UCITS ETF Bond UCITS ETF
Sub-Fund Sub-Fund Sub-Fund Sub-Fund
USD EUR USD USD
INITIAL OFFERING PRICE (**)
Class A-dis (*) 52.2900 46.0900 52.8100 24.9100
Class (hedged to EUR) A-dis 12.0783 – – 12.1990
Class (hedged to USD) A-acc – 11.7509 – –
Class (hedged to CHF) A-dis 12.0124 14.3298 – –
Class (hedged to CHF) A-acc 12.0124 14.3298 – –
________________________________________________________________________________________________________________________________
COST OF INVESTMENTS AS OF
30 JUNE 2016 227,482,141 80,472,661 26,082,965 169,710,414
(*) The Share Class is in the Sub-Fund's base currency.
(**) As of initial dealing day (see Note 1)
The accompanying notes form an integral part of these financial statements.
24
Semi-Annual report as of 30 June 2016
Statement of Net Assets
at 30 June 2016 (Unaudited)
________________________________________________________________________________________________________________________________
Barclays Capital US Barclays Capital US Barclays Capital US Markit iBoxx €
3-5 Year Treasury 5-7 Year Treasury 7-10 Year Treasury Germany 1-3
Bond UCITS ETF Bond UCITS ETF Bond UCITS ETF UCITS ETF
Sub-Fund Sub-Fund Sub-Fund Sub-Fund
USD USD USD EUR
________________________________________________________________________________________________________________________________
ASSETS
Market value of investment in securities (Note
2b) 12,590,769 7,866,400 17,061,155 7,076,658
Unrealised gain on forward foreign exchange
contracts (Notes 2f, 9) – – – –
Receivable for shares subscribed – – – –
Receivable for investment securities sold – – – –
Cash at banks 18,392 9,125 909,813 13,628
Interest receivable 53,357 33,441 74,772 79,497
Dividends receivable – – – –
Other receivables – – 767 –
TOTAL ASSETS 12,662,518 7,908,966 18,046,507 7,169,783
LIABILITIES
Payable for investment securities purchased – – 904,033 –
Unrealised loss on forward foreign exchange
contracts (Notes 2f, 9) – – – –
Payable for shares redeemed – – – –
Bank overdraft – – – –
Management fees payable (Note 3) 2,157 1,543 1,891 1,250
Other payables – – – –
TOTAL LIABILITIES 2,157 1,543 905,924 1,250
NET ASSETS AS OF 30 JUNE 2016 12,660,361 7,907,423 17,140,583 7,168,533
NUMBER OF SHARES OUTSTANDING AS OF 30 JUNE 2016
Class A-dis (*) 375,000 200,000 380,000 90,000
NET ASSET VALUE PER SHARE AS OF 30 JUNE 2016
Class A-dis (*) 33.7610 39.5371 45.1068 79.6504
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2015
Class A-dis (*) 32.6724 37.5872 41.9779 79.4665
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2014
Class A-dis (*) 32.5877 37.5364 41.7537 79.5066
INITIAL OFFERING PRICE (**)
Class A-dis (*) 32.6300 37.4100 40.7300 79.3100
COST OF INVESTMENTS AS OF
30 JUNE 2016 12,341,978 7,601,145 16,653,982 7,045,258
(*) The Share Class is in the Sub-Fund's base currency.
(**) As of initial dealing day (see Note 1)
The accompanying notes form an integral part of these financial statements.
25
Semi-Annual report as of 30 June 2016
Statement of Net Assets
at 30 June 2016 (Unaudited)
________________________________________________________________________________________________________________________________
Markit iBoxx € Markit iBoxx € Markit iBoxx € Markit iBoxx € Liquid
Germany 3-5 Germany 5-10 Germany 7-10 Corporates
UCITS ETF UCITS ETF UCITS ETF UCITS ETF
Sub-Fund Sub-Fund Sub-Fund Sub-Fund
EUR EUR EUR EUR
________________________________________________________________________________________________________________________________
ASSETS
Market value of investment in securities (Note
2b) 1,901,193 2,369,391 3,691,288 125,576,503
Unrealised gain on forward foreign exchange
contracts (Notes 2f, 9) – – – –
Receivable for shares subscribed – – – –
Receivable for investment securities sold – – – 286,462
Cash at banks 2,384 – 1,241,162 158,266
Interest receivable 24,320 22,908 26,956 973,760
Dividends receivable – – – –
Other receivables – – – –
TOTAL ASSETS 1,927,897 2,392,299 4,959,406 126,994,991
LIABILITIES
Payable for investment securities purchased – – 1,237,722 –
Unrealised loss on forward foreign exchange
contracts (Notes 2f, 9) – – – –
Payable for shares redeemed – – – –
Bank overdraft – 11,907 – 6
Management fees payable (Note 3) 268 581 446 21,861
Other payables – – – –
TOTAL LIABILITIES 268 12,488 1,238,168 21,867
NET ASSETS AS OF 30 JUNE 2016 1,927,629 2,379,811 3,721,238 126,973,124
NUMBER OF SHARES OUTSTANDING AS OF 30 JUNE 2016
Class A-dis (*) 20,000 20,000 30,000 1,250,000
NET ASSET VALUE PER SHARE AS OF 30 JUNE 2016
Class A-dis (*) 96.3815 118.9905 124.0413 101.5785
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2015
Class A-dis (*) 94.9342 113.6834 117.2586 98.2503
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2014
Class A-dis (*) 94.5827 113.3819 117.0850 99.6957
INITIAL OFFERING PRICE (**)
Class A-dis (*) 90.6900 100.6200 40.7300 88.3100
COST OF INVESTMENTS AS OF
30 JUNE 2016 1,870,186 2,335,113 3,574,363 122,630,803
(*) The Share Class is in the Sub-Fund's base currency.
(**) As of initial dealing day (see Note 1)
The accompanying notes form an integral part of these financial statements.
26
Semi-Annual report as of 30 June 2016
Statement of Net Assets
at 30 June 2016 (Unaudited)
________________________________________________________________________________________________________________________________
Barclays EUR Barclays Euro Area
® ®
Treasury 1-10 SBI Foreign AAA- SBI Foreign AAA- Liquid Corporates
UCITS ETF BBB 1-5 UCITS ETF BBB 5-10 UCITS ETF 1-5 Year UCITS ETF
Sub-Fund Sub-Fund Sub-Fund Sub-Fund
EUR CHF CHF EUR
________________________________________________________________________________________________________________________________
ASSETS
Market value of investment in securities (Note
2b) 76,341,785 171,360,485 97,995,500 158,647,626
Unrealised gain on forward foreign exchange
contracts (Notes 2f, 9) – – – 152,274
Receivable for shares subscribed – – – –
Receivable for investment securities sold – – – –
Cash at banks 523,127 2,423,531 1,933,717 3,953,776
Interest receivable 772,060 1,731,326 603,866 1,652,976
Dividends receivable – – – –
Other receivables – – – –
TOTAL ASSETS 77,636,972 175,515,342 100,533,083 164,406,652
LIABILITIES
Payable for investment securities purchased – 2,362,488 1,753,835 –
Unrealised loss on forward foreign exchange
contracts (Notes 2f, 9) – – – –
Payable for shares redeemed – – – –
Bank overdraft – – – –
Management fees payable (Note 3) 11,100 27,972 15,695 29,740
Other payables – – – 5,029
TOTAL LIABILITIES 11,100 2,390,460 1,769,530 34,769
NET ASSETS AS OF 30 JUNE 2016 77,625,872 173,124,882 98,763,553 164,371,883
NUMBER OF SHARES OUTSTANDING AS OF 30 JUNE 2016
Class A-dis (*) 6,250,000 14,400,000 6,800,000 11,164,368
Class (hedged to USD) A-acc – – – 225,812
Class (hedged to CHF) A-acc – – – 840,870
NET ASSET VALUE PER SHARE AS OF 30 JUNE 2016
Class A-dis (*) 12.4201 12.0226 14.5241 13.5542
Class (hedged to USD) A-acc – – – 13.8791
Class (hedged to CHF) A-acc – – – 13.1628
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2015
Class A-dis (*) 12.1357 11.9507 14.1139 13.3509
Class (hedged to USD) A-acc – – – 13.5469
Class (hedged to CHF) A-acc – – – 12.9579
NET ASSET VALUE PER SHARE AS OF 31 DECEMBER 2014
Class A-dis (*) 12.0989 11.9415 13.9516 13.3816
Class (hedged to USD) A-acc – – – –
Class (hedged to CHF) A-acc – – – –
INITIAL OFFERING PRICE (**)
Class A-dis (*) 11.8107 11.7920 13.0390 13.1520
Class (hedged to USD) A-acc – – – 13.4610
Class (hedged to CHF) A-acc – – – 13.0554
COST OF INVESTMENTS AS OF
30 JUNE 2016 75,243,666 169,739,055 94,316,304 156,651,824
(*) The Share Class is in the Sub-Fund's base currency.
(**) As of initial dealing day (see Note 1)
The accompanying notes form an integral part of these financial statements.
27
Semi-Annual report as of 30 June 2016
Statement of Net Assets
at 30 June 2016 (Unaudited)
________________________________________________________________________________________________________________________________
Barclays MSCI US Barclays USD
Barclays US Liquid Barclays US Liquid Liquid Corporates Emerging Markets
Corporates 1-5 Year Corporates Sustainable Sovereign
UCITS ETF UCITS ETF UCITS ETF UCITS ETF
Sub-Fund Sub-Fund Sub-Fund Sub-Fund
USD USD USD USD
________________________________________________________________________________________________________________________________
ASSETS
Market value of investment in securities (Note
2b) 673,056,660 626,542,751 73,320,483 45,804,455
Unrealised gain on forward foreign exchange
contracts (Notes 2f, 9) – – – –
Receivable for shares subscribed – – – –
Receivable for investment securities sold – 6,902,221 – 114,866
Cash at banks 12,281,308 4,223,545 401,757 104,214
Interest receivable 4,287,354 5,781,197 646,816 709,837
Dividends receivable – – – –
Other receivables 1,048 – – –
TOTAL ASSETS 689,626,370 643,449,714 74,369,056 46,733,372
LIABILITIES
Payable for investment securities purchased 5,801,208 – – 112,352
Unrealised loss on forward foreign exchange
contracts (Notes 2f, 9) 14,854,540 1,796,521 12,044 654,340
Payable for shares redeemed – 3,396,939 – –
Bank overdraft – – 6,087 21,137
Management fees payable (Note 3) – 120,690 14,909 16,585
Other payables 22,328 47,751 – –
TOTAL LIABILITIES 20,678,076 5,361,901 &nb