# UBS (Lux) Bond SICAV
– Short Term EUR Corporates Sustainable (EUR)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2022 | 31.5.2022 | 31.5.2021 |
| Net assets in EUR |  | 384 307 754.62 | 311 083 757.81 | 370 505 772.10 |
| Class F-acc | LU0396349291 |  |  |  |
| Shares outstanding |  | 278 683.0940 | 213 751.1540 | 200 569.7470 |
| Net asset value per share in EUR |  | 96.57 | 98.33 | 100.75 |
| Issue and redemption price per share in EUR 1 |  | 96.57 | 98.33 | 100.75 |
| Class (CHF hedged) F-acc | LU1289528967 |  |  |  |
| Shares outstanding |  | 89 651.0000 | 100 600.3690 | 197 773.6330 |
| Net asset value per share in CHF |  | 95.33 | 97.37 | 100.08 |
| Issue and redemption price per share in CHF 1 |  | 95.33 | 97.37 | 100.08 |
| Class (USD hedged) F-acc | LU1382376132 |  |  |  |
| Shares outstanding |  | 43 728.0200 | 48 374.0200 | 73 340.1520 |
| Net asset value per share in USD |  | 110.54 | 111.19 | 113.11 |
| Issue and redemption price per share in USD 1 |  | 110.54 | 111.19 | 113.11 |
| Class I-A1-acc | LU0396349614 |  |  |  |
| Shares outstanding |  | 315 020.8670 | 74 254.4250 | 78 014.2990 |
| Net asset value per share in EUR |  | 100.07 | 101.96 | 104.62 |
| Issue and redemption price per share in EUR 1 |  | 100.07 | 101.96 | 104.62 |
| Class I-A3-acc | LU0396350117 |  |  |  |
| Shares outstanding |  | 528 274.8500 | 67 504.4100 | 67 504.4100 |
| Net asset value per share in EUR |  | 110.63 | 112.64 | 115.41 |
| Issue and redemption price per share in EUR 1 |  | 110.63 | 112.64 | 115.41 |
| Class I-B-acc | LU0396350380 |  |  |  |
| Shares outstanding |  | 265 357.9560 | 513 463.5290 | 458 539.2910 |
| Net asset value per share in EUR |  | 97.25 | 98.90 | 101.11 |
| Issue and redemption price per share in EUR 1 |  | 97.25 | 98.90 | 101.11 |
| Class (USD hedged) I-B-acc | LU2249632626 |  |  |  |
| Shares outstanding |  | 87 017.4120 | 87 272.6710 | 87 272.6710 |
| Net asset value per share in USD |  | 98.88 | 99.33 | 100.79 |
| Issue and redemption price per share in USD 1 |  | 98.88 | 99.33 | 100.79 |
| Class I-X-acc | LU0396350547 |  |  |  |
| Shares outstanding |  | 1 017 058.3900 | 786 657.9660 | 731 796.7570 |
| Net asset value per share in EUR |  | 115.11 | 117.03 | 119.57 |
| Issue and redemption price per share in EUR 1 |  | 115.11 | 117.03 | 119.57 |
| Class (CHF hedged) I-X-acc | LU0551565905 |  |  |  |
| Shares outstanding |  | 601 936.2390 | 690 234.5920 | 1 141 451.5740 |
| Net asset value per share in CHF |  | 108.26 | 110.40 | 113.10 |
| Issue and redemption price per share in CHF 1 |  | 108.26 | 110.40 | 113.10 |
| Class (USD hedged) I-X-acc | LU1331651262 |  |  |  |
| Shares outstanding |  | 43 414.8220 | 43 414.8220 | 60 255.1440 |
| Net asset value per share in USD |  | 114.16 | 114.65 | 116.25 |
| Issue and redemption price per share in USD 1 |  | 114.16 | 114.65 | 116.25 |
| Class (CHF hedged) K-B-acc | LU2273245469 |  |  |  |
| Shares outstanding |  | 5 499.7000 | 5 499.7000 | 5 499.7000 |
| Net asset value per share in CHF |  | 95.71 | 97.65 | 100.15 |
| Issue and redemption price per share in CHF 1 |  | 95.71 | 97.65 | 100.15 |
| Class P-acc | LU0151774626 |  |  |  |
| Shares outstanding |  | 212 609.0790 | 202 177.9030 | 263 562.1430 |
| Net asset value per share in EUR |  | 116.61 | 119.06 | 122.67 |
| Issue and redemption price per share in EUR 1 |  | 116.61 | 119.06 | 122.67 |
| Class Q-acc | LU0396349457 |  |  |  |
| Shares outstanding |  | 57 417.1320 | 53 889.1440 | 56 221.5330 |
| Net asset value per share in EUR |  | 108.21 | 110.28 | 113.23 |
| Issue and redemption price per share in EUR 1 |  | 108.21 | 110.28 | 113.23 |
| Class (CHF hedged) U-X-acc 2 | LU0696930089 |  |  |  |
| Shares outstanding | -	- | 599.3020 |
| Net asset value per share in CHF | -	- | 11 309.81 |
| Issue and redemption price per share in CHF 1 | -	- | 11 309.81 |
| 1  See note 1 2  The share class (CHF hedged) U-X-acc was in circulation until 18.10.2021 |  |  |

UBS (Lux) Bond SICAV – Short Term EUR Corporates Sustainable (EUR)
Semi-Annual Report as of 30 November 2022
UBS (Lux) Bond SICAV – Short Term EUR Corporates Sustainable (EUR) Semi-Annual Report as of 30 November 2022

### Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| France | 22.61 |
| --- | --- |
| The Netherlands | 20.92 |
| United States | 16.47 |
| United Kingdom | 9.25 |
| Germany | 6.01 |
| Spain | 5.73 |
| Italy | 3.33 |
| Australia | 3.11 |
| Sweden | 2.72 |
| Canada | 2.17 |
| Finland | 2.10 |
| Belgium | 1.53 |
| Norway | 1.52 |
| Total | 97.47 |

Economic Breakdown as a % of net assets	
| Banks & credit institutions | 48.32 |
| --- | --- |
| Finance & holding companies | 15.06 |
| Telecommunications | 8.68 |
| Insurance | 3.81 |
| Pharmaceuticals, cosmetics & medical products | 3.17 |
| Energy & water supply | 2.07 |
| Tobacco & alcohol | 1.88 |
| Petroleum | 1.80 |
| Food & soft drinks | 1.64 |
| Internet, software & IT services | 1.62 |
| Electrical devices & components | 1.51 |
| Traffic & transportation | 1.43 |
| Computer hardware & network equipment providers | 1.41 |
| Electronics & semiconductors | 1.33 |
| Vehicles | 1.27 |
| Building industry & materials | 1.26 |
| Miscellaneous services | 0.70 |
| Countries & central governments | 0.51 |
| Total | 97.47 |


### Statement of Net Assets
Assets	30.11.2022
EUR
Investments in securities, cost	391 329 045.68
| Investments in securities, unrealized appreciation (depreciation) | 	-16 727 241.77	 |
| --- | --- |
| Total investments in securities (Note 1) | 374 601 803.91 |
| Cash at banks, deposits on demand and deposit accounts | 6 687 743.20 |
| Receivable on securities sales (Note 1) | 1 181 020.77 |
| Receivable on subscriptions | 519 953.90 |
| Interest receivable on securities | 3 128 736.62 |
| Prepaid expenses | 20 538.87 |
| Unrealized gain on forward foreign exchange contracts (Note 1) | 396 874.07 |
| Total Assets | 386 536 671.34 |
|  |  |
| Liabilities |  |
| Payable on securities purchases (Note 1) | -359 888.82 |
| Payable on redemptions | -1 784 888.08 |
| Provisions for flat fee (Note 2) | -51 186.15 |
| Provisions for taxe d’abonnement (Note 3) | -8 461.63 |
| Provisions for other commissions and fees (Note 2) | 	-24 492.04	 |
| Total provisions | -84 139.82 |
| Total Liabilities | -2 228 916.72 |
|  |  |
| Net assets at the end of the period | 384 307 754.62 |
| Statement of Operations | EUR |
| Income | 1.6.2022-30.11.2022 |
| Interest on liquid assets | 474.02 |
| Interest on securities | 2 664 648.88 |
| Net income on securities lending (Note 11) | 52 434.43 |
| Other income (Note 4) | 164 891.08 |
| Total income | 2 882 448.41 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -274 666.21 |
| Taxe d’abonnement (Note 3) | -24 196.99 |
| Other commissions and fees (Note 2) | -24 224.26 |
| Interest on cash and bank overdraft | -4 616.58 |
| Total expenses | -327 704.04 |
|  |  |
| Net income (loss) on investments | 2 554 744.37 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | -4 097 922.50 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | 32 872.76 |
| Realized gain (loss) on forward foreign exchange contracts | 2 528 364.36 |
| Realized gain (loss) on foreign exchange | 1 086 420.70 |
| Total realized gain (loss) | -450 264.68 |
|  |  |
| Net realized gain (loss) of the period | 2 104 479.69 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | -4 846 917.01 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | 15 323.96 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | 985 519.19 |
| Total changes in unrealized appreciation (depreciation) | -3 846 073.86 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | -1 741 594.17 |
| Changes in Net Assets | EUR |
|  | 1.6.2022-30.11.2022 |
| Net assets at the beginning of the period | 311 083 757.81 |
| Subscriptions | 144 839 999.92 |
| Redemptions | 	-69 874 408.94	 |
| Total net subscriptions (redemptions) | 74 965 590.98 |
| Net income (loss) on investments | 2 554 744.37 |
| Total realized gain (loss) | -450 264.68 |
| Total changes in unrealized appreciation (depreciation) | 	-3 846 073.86	 |
| Net increase (decrease) in net assets as a result of operations | -1 741 594.17 |
| Net assets at the end of the period | 384 307 754.62 |

UBS (Lux) Bond SICAV – Short Term EUR Corporates Sustainable (EUR)
Semi-Annual Report as of 30 November 2022
| Changes in the Number of Shares outstanding |  |
| --- | --- |
|  | 1.6.2022-30.11.2022 |
| Class | F-acc |
| Number of shares outstanding at the beginning of the period | 213 751.1540 |
| Number of shares issued | 210 133.9830 |
| Number of shares redeemed | -145 202.0430 |
| Number of shares outstanding at the end of the period | 278 683.0940 |
| Class | (CHF hedged) F-acc |
| Number of shares outstanding at the beginning of the period | 100 600.3690 |
| Number of shares issued | 5 420.0000 |
| Number of shares redeemed | -16 369.3690 |
| Number of shares outstanding at the end of the period | 89 651.0000 |
| Class | (USD hedged) F-acc |
| Number of shares outstanding at the beginning of the period | 48 374.0200 |
| Number of shares issued | 50.0000 |
| Number of shares redeemed | -4 696.0000 |
| Number of shares outstanding at the end of the period | 43 728.0200 |
| Class | I-A1-acc |
| Number of shares outstanding at the beginning of the period | 74 254.4250 |
| Number of shares issued | 246 905.9950 |
| Number of shares redeemed | -6 139.5530 |
| Number of shares outstanding at the end of the period | 315 020.8670 |
| Class | I-A3-acc |
| Number of shares outstanding at the beginning of the period | 67 504.4100 |
| Number of shares issued | 485 003.0500 |
| Number of shares redeemed | -24 232.6100 |
| Number of shares outstanding at the end of the period | 528 274.8500 |
| Class | I-B-acc |
| Number of shares outstanding at the beginning of the period | 513 463.5290 |
| Number of shares issued | 65 337.0200 |
| Number of shares redeemed | -313 442.5930 |
| Number of shares outstanding at the end of the period | 265 357.9560 |
| Class | (USD hedged) I-B-acc |
| Number of shares outstanding at the beginning of the period | 87 272.6710 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -255.2590 |
| Number of shares outstanding at the end of the period | 87 017.4120 |
| Class | I-X-acc |
| Number of shares outstanding at the beginning of the period | 786 657.9660 |
| Number of shares issued | 297 745.8170 |
| Number of shares redeemed | -67 345.3930 |
| Number of shares outstanding at the end of the period | 1 017 058.3900 |
| Class | (CHF hedged) I-X-acc |
| Number of shares outstanding at the beginning of the period | 690 234.5920 |
| Number of shares issued | 1 483.6140 |
| Number of shares redeemed | -89 781.9670 |
| Number of shares outstanding at the end of the period | 601 936.2390 |
| Class | (USD hedged) I-X-acc |
| Number of shares outstanding at the beginning of the period | 43 414.8220 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 43 414.8220 |
| Class | (CHF hedged) K-B-acc |
| Number of shares outstanding at the beginning of the period | 5 499.7000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 5 499.7000 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 202 177.9030 |
| Number of shares issued | 27 773.4110 |
| Number of shares redeemed | -17 342.2350 |
| Number of shares outstanding at the end of the period | 212 609.0790 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 53 889.1440 |
| Number of shares issued | 5 995.2160 |
| Number of shares redeemed | -2 467.2280 |
| Number of shares outstanding at the end of the period | 57 417.1320 |

UBS (Lux) Bond SICAV – Short Term EUR Corporates Sustainable (EUR) Semi-Annual Report as of 30 November 2022

### Statement of Investments in Securities and other Net Assets as of 30 November 2022
| Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	CAPGEMINI SE-REG-S 0.62500% 20-23.06.25 | 500 000.00 | 470 726.00 | 0.12 |
| EUR	ENGIE SA-REG-S 1.37500% 20-27.03.25 | 1 900 000.00 | 1 823 221.00 | 0.48 |
| EUR	ROYAL BANK OF CANADA-REG-S 0.12500% 19-23.07.24 | 2 200 000.00 | 2 097 964.00 | 0.55 |
| EUR	SANOFI-REG-S 0.87500% 22-06.04.25 | 800 000.00 | 771 489.60 | 0.20 |
| EUR	SAP SE-REG-S 0.12500% 20-18.05.26 | 600 000.00 | 548 520.00 | 0.14 |
| Total EUR |  | 5 711 920.60 | 1.49 |
| Total Notes, fixed rate |  | 5 711 920.60 | 1.49 |
| Notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	AUSTRALIA & NZ BANKING GRP-REG-S-SUB 1.125%/VAR 19-21.11.29 | 4 400 000.00 | 4 082 795.20 | 1.06 |
| EUR	ING GROEP NV-REG-S 0.125%/VAR 21-29.11.25 | 2 300 000.00 | 2 132 054.34 | 0.55 |
| EUR	ING GROEP NV-REG-S 2.125%/VAR 22-23.05.26 | 2 000 000.00 | 1 909 144.00 | 0.50 |
| EUR	OP CORPORATE BANK PLC-REG-S SUB 1.625%/VAR 20-09.06.30 | 3 600 000.00 | 3 298 507.20 | 0.86 |
| Total EUR |  | 11 422 500.74 | 2.97 |
| Total Notes, floating rate |  | 11 422 500.74 | 2.97 |
| Medium term notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ABN AMRO BANK NV-REG-S 0.87500% 19-15.01.24 | 400 000.00 | 392 468.00 | 0.10 |
| EUR	ABN AMRO BANK NV-REG-S 1.25000% 20-28.05.25 | 2 200 000.00 | 2 090 083.60 | 0.54 |
| EUR	AIR LIQUIDE FINANCE SA-REG-S 0.75000% 16-13.06.24 | 3 400 000.00 | 3 304 120.00 | 0.86 |
| EUR	ANGLO AMERICAN CAPITAL PLC-REG-S 3.25000% 14-03.04.23 | 500 000.00 | 500 562.50 | 0.13 |
| EUR	ANGLO AMERICAN CAPITAL PLC-REG-S 1.62500% 17-18.09.25 | 2 700 000.00 | 2 561 287.50 | 0.67 |
| EUR	ANHEUSER-BUSCH INBEV SA/NV 2.87500% 12-25.09.24 | 2 300 000.00 | 2 296 750.56 | 0.60 |
| EUR	AUTOROUTES DU SUD DE LA FRANCE-REG-S 2.95000% 14-17.01.24 | 2 100 000.00 | 2 104 901.40 | 0.55 |
| EUR	BANCO BILBAO VIZCAYA ARGENTARIA-REG-S 0.37500% 19-02.10.24 | 5 400 000.00 | 5 137 074.00 | 1.34 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S 0.12500% 19-05.02.24 | 2 100 000.00 | 2 031 265.01 | 0.53 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S 0.01000% 21-07.03.25 | 1 600 000.00 | 1 485 056.00 | 0.39 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S-SUB 3.00000% 14-21.05.24 | 4 000 000.00 | 3 992 288.00 | 1.04 |
| EUR	BARCLAYS BANK PLC-REG-S 2.25000% 14-10.06.24 | 5 000 000.00 | 4 965 500.00 | 1.29 |
| EUR	BAXTER INTERNATIONAL INC 0.40000% 19-15.05.24 | 4 500 000.00 | 4 330 440.00 | 1.13 |
| EUR	BMW FINANCE NV-REG-S 1.00000% 15-21.01.25 | 700 000.00 | 676 116.00 | 0.18 |
| EUR	BMW FINANCE NV-REG-S 0.75000% 17-12.07.24 | 1 600 000.00 | 1 548 339.20 | 0.40 |
| EUR	BMW FINANCE NV-REG-S 0.87500% 17-03.04.25 | 2 500 000.00 | 2 398 780.00 | 0.62 |
| EUR	BMW FINANCE NV-REG-S 1.00000% 18-29.08.25 | 1 600 000.00 | 1 531 756.80 | 0.40 |
| EUR	BMW FINANCE NV-REG-S 1.00000% 18-14.11.24 | 1 000 000.00 | 967 941.01 | 0.25 |
| EUR	BNP PARIBAS CARDIF SA-SUB 1.00000% 17-29.11.24 | 1 500 000.00 | 1 423 248.00 | 0.37 |
| EUR	BNP PARIBAS SA-REG-S 1.12500% 18-11.06.26 | 1 000 000.00 | 916 246.00 | 0.24 |
| EUR	BNP PARIBAS-REG-S 1.25000% 18-19.03.25 | 900 000.00 | 858 632.40 | 0.22 |
| EUR	BNP PARIBAS-REG-S-SUB 2.37500% 15-17.02.25 | 2 800 000.00 | 2 741 821.60 | 0.71 |
| EUR	BPCE SA-REG-S 0.87500% 18-31.01.24 | 700 000.00 | 681 935.80 | 0.18 |
| EUR	BPCE SA-REG-S 1.00000% 19-01.04.25 | 300 000.00 | 283 114.80 | 0.07 |
| EUR	CELLNEX TELECOM SAU-REG-S 2.37500% 16-16.01.24 | 1 000 000.00 | 989 094.00 | 0.26 |
| EUR	CIE DE SAINT-GOBAIN-REG-S 1.62500% 22-10.08.25 | 1 700 000.00 | 1 632 346.80 | 0.42 |
| EUR	CITIGROUP INC-REG-S 2.37500% 14-22.05.24 | 1 000 000.00 | 991 254.00 | 0.26 |
| EUR	CREDIT AGRICOLE SA LONDON-REG-S 1.87500% 16-20.12.26 | 2 600 000.00 | 2 418 431.60 | 0.63 |
| EUR	CREDIT AGRICOLE SA LONDON-REG-S 1.00000% 17-16.09.24 | 1 000 000.00 | 966 185.93 | 0.25 |
| EUR	CREDIT AGRICOLE SA LONDON-REG-S 0.50000% 19-24.06.24 | 400 000.00 | 383 676.00 | 0.10 |
| EUR	DAIMLER AG-REG-S 2.00000% 20-22.08.26 | 5 000 000.00 | 4 867 130.00 | 1.27 |
| EUR	DAIMLER AG-REG-S 2.62500% 20-07.04.25 | 2 000 000.00 | 1 996 776.00 | 0.52 |
| EUR	DAIMLER INTERNATIONAL FINANCE BV-REG-S 0.87500% 18-09.04.24 | 2 000 000.00 | 1 952 200.00 | 0.51 |
| EUR	DANONE SA-REG-S 1.12500% 15-14.01.25 | 1 900 000.00 | 1 830 357.40 | 0.48 |
| EUR	DEUTSCHE TELEKOM AG-REG-S 0.87500% 19-25.03.26 | 600 000.00 | 566 760.00 | 0.15 |
| EUR	DEUTSCHE TELEKOM INTL FINANCE-REG-S 0.87500% 17-30.01.24 | 5 000 000.00 | 4 904 350.00 | 1.28 |
| EUR	DEUTSCHE TELEKOM INTL FINANCE BV-REG-S 1.37500% 18-01.12.25 | 1 100 000.00 | 1 058 032.80 | 0.27 |
| EUR	DIAGEO FINANCE PLC-REG-S 0.50000% 17-19.06.24 | 1 400 000.00 | 1 351 495.60 | 0.35 |
| EUR	DIAGEO FINANCE PLC-REG-S 0.12500% 19-12.10.23 | 2 500 000.00 | 2 452 150.00 | 0.64 |
| EUR	DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 1 000 000.00 | 974 150.00 | 0.25 |
| EUR	EDP FINANCE BV-REG-S 2.00000% 15-22.04.25 | 1 000 000.00 | 971 752.00 | 0.25 |
| EUR	EDP FINANCE BV-REG-S 1.12500% 16-12.02.24 | 2 600 000.00 | 2 541 842.78 | 0.66 |
| EUR	EDP FINANCE BV-REG-S 1.87500% 17-29.09.23 | 600 000.00 | 594 840.00 | 0.15 |
| EUR	ENEL FINANCE INTERNATIONAL NV 1.96600% 15-27.01.25 | 4 700 000.00 | 4 612 504.80 | 1.20 |
| EUR	ENEL FINANCE INTERNATIONAL NV-REG-S 1.00000% 17-16.09.24 | 1 700 000.00 | 1 644 863.00 | 0.43 |
| EUR	ENGIE SA-REG-S 0.87500% 17-27.03.24 | 1 300 000.00 | 1 263 828.80 | 0.33 |
| EUR	EUROGRID GMBH-REG-S 1.62500% 15-03.11.23 | 2 700 000.00 | 2 670 570.00 | 0.69 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 1.25000% 16-01.05.25 | 6 200 000.00 | 5 922 364.00 | 1.54 |
| EUR	GOLDMAN SACHS GROUP INC/THE-REG-S 1.37500% 17-15.05.24 | 2 800 000.00 | 2 731 248.80 | 0.71 |
| EUR	HEINEKEN NV 3.50000% 12-19.03.24 | 4 600 000.00 | 4 646 966.00 | 1.21 |
| EUR	HEINEKEN NV-REG-S 1.62500% 20-30.03.25 | 300 000.00 | 290 652.00 | 0.07 |
| EUR	IBERDROLA FINANZAS SA-REG-S 1.00000% 17-07.03.25 | 2 300 000.00 | 2 206 104.80 | 0.57 |
| EUR	INTERNATIONAL BUSINESS MACHINES CORP 0.87500% 19-31.01.25 | 1 800 000.00 | 1 719 853.20 | 0.45 |
| EUR	INTESA SANPAOLO SPA-REG-S 1.50000% 19-10.04.24 | 2 500 000.00 | 2 445 235.00 | 0.64 |
| EUR	INTESA SANPAOLO SPA-REG-S 1.00000% 19-04.07.24 | 5 100 000.00 | 4 911 636.60 | 1.28 |
| EUR	INTESA SANPAOLO SPA-REG-S 0.75000% 19-04.12.24 | 700 000.00 | 666 568.00 | 0.17 |
| EUR	JPMORGAN CHASE & CO-REG-S 0.62500% 16-25.01.24 | 3 400 000.00 | 3 317 951.20 | 0.86 |
| EUR	KBC GROUP NV-REG-S 0.87500% 18-27.06.23 | 3 600 000.00 | 3 568 910.40 | 0.93 |
| EUR	KONINKLIJKE KPN NV-REG-S 0.62500% 16-09.04.25 | 4 500 000.00 | 4 251 510.00 | 1.11 |
| EUR	LLOYDS BANK PLC-REG-S 1.25000% 15-13.01.25 | 5 525 000.00 | 5 292 010.75 | 1.38 |
| EUR	MORGAN STANLEY 1.75000% 16-11.03.24 | 5 600 000.00 | 5 507 185.60 | 1.43 |
| EUR	MORGAN STANLEY 1.87500% 17-27.04.27 | 2 200 000.00 | 2 025 460.80 | 0.53 |

UBS (Lux) Bond SICAV – Short Term EUR Corporates Sustainable (EUR)
Semi-Annual Report as of 30 November 2022
|  | Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| EUR | NATIONAL AUSTRALIA BANK-REG-S 1.25000% 16-18.05.26 | 2 000 000.00 | 1 898 369.00 | 0.49 |
| EUR | NORDEA BANK ABP-REG-S 0.87500% 18-26.06.23 | 4 800 000.00 | 4 756 329.60 | 1.24 |
| EUR | ORANGE SA 1.12500% 19-15.07.24 | 3 600 000.00 | 3 508 876.80 | 0.91 |
| EUR | ORANGE-REG-S 3.12500% 13-09.01.24 | 1 600 000.00 | 1 609 027.20 | 0.42 |
| EUR | RABOBANK NEDERLAND NV 0.62500% 19-27.02.24 | 6 400 000.00 | 6 224 076.80 | 1.62 |
| EUR | REPSOL INTERNATIONAL FINANCE BV-REG-S 0.12500% 20-05.10.24 | 4 000 000.00 | 3 788 896.00 | 0.99 |
| EUR | ROYAL BANK OF CANADA-REG-S 0.25000% 19-02.05.24 | 2 100 000.00 | 2 022 292.35 | 0.53 |
| EUR | SANOFI-REG-S 1.00000% 20-01.04.25 | 1 900 000.00 | 1 835 392.40 | 0.48 |
| EUR | SIEMENS FINANCIERIGSMATSCHAPIJ NV-REG-S 2.25000% 22-10.03.25 | 1 600 000.00 | 1 582 832.00 | 0.41 |
| EUR | SIEMENS FINANCIERINGSMAATSCHAPPIJ-REG-S 0.25000% 20-05.06.24 | 4 600 000.00 | 4 431 713.60 | 1.15 |
| EUR | SOCIETE GENERALE-REG-S 1.25000% 19-15.02.24 | 5 200 000.00 | 5 075 127.20 | 1.32 |
| EUR | SVENSKA HANDELSBANKEN AB-REG-S 1.00000% 20-15.04.25 | 1 000 000.00 | 955 122.00 | 0.25 |
| EUR | TELEFONICA EMISIONES SA-REG-S 1.46000% 16-13.04.26 | 3 600 000.00 | 3 401 920.80 | 0.88 |
| EUR | TELEFONICA EMISIONES SAU-REG-S 1.52800% 17-17.01.25 | 1 000 000.00 | 972 278.46 | 0.25 |
| EUR | TORONTO-DOMINION BANK-REG-S 0.37500% 19-25.04.24 | 4 400 000.00 | 4 234 612.80 | 1.10 |
| EUR | UNICREDITO ITALIANO SPA 1.00000% 18-18.01.23 | 4 800 000.00 | 4 793 712.00 | 1.25 |
| EUR | VEOLIA ENVIRONNEMENT-REG-S 0.89200% 19-14.01.24 | 3 600 000.00 | 3 522 650.40 | 0.92 |
| EUR | VERIZON COMMUNICATIONS INC 3.25000% 14-17.02.26 | 1 900 000.00 | 1 895 246.20 | 0.49 |
| EUR | VODAFONE GROUP PLC-REG-S 0.50000% 16-30.01.24 | 3 600 000.00 | 3 503 491.96 | 0.91 |
| EUR | VODAFONE GROUP PLC-REG-S 1.12500% 17-20.11.25 | 2 400 000.00 | 2 265 718.49 | 0.59 |
| EUR | WESTPAC BANKING CORP-REG-S 0.62500% 17-22.11.24 | 1 400 000.00 | 1 328 320.00 | 0.35 |
| EUR | WESTPAC SECURITIES NZ LTD/LONDON 0.30000% 19-25.06.24 | 1 000 000.00 | 957 374.00 | 0.25 |
| Total EUR |  |  | 206 921 356.90 | 53.84 |
| Total Medium term notes, fixed rate |  | 206 921 356.90 | 53.84 |
| Medium term notes, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	BMW FINANCE NV-REG-S 0.00000% 21-11.01.26 | 1 700 000.00 | 1 563 955.21 | 0.41 |
| Total EUR |  | 1 563 955.21 | 0.41 |
| Total Medium term notes, zero coupon |  | 1 563 955.21 | 0.41 |
| Medium term notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	ABN AMRO BANK NV-REG-S-SUB 2.875%/VAR 16-18.01.28 | 3 400 000.00 | 3 394 662.00 | 0.88 |
| EUR	ALLIANZ SE-REG-S-SUB 4.750%/3M EURIBOR+360BP 13-PRP | 6 300 000.00 | 6 261 444.00 | 1.63 |
| EUR	AVIVA PLC-REG-S-SUB 3.375%/VAR 15-04.12.45 | 2 500 000.00 | 2 373 975.00 | 0.62 |
| EUR	AXA SA-REG-S-SUB 3.375%/VAR 16-06.07.47 | 1 400 000.00 | 1 313 188.80 | 0.34 |
| EUR	BANCO SANTANDER SA-REG-S 0.100%/VAR 22-26.01.25 | 5 500 000.00 | 5 295 015.00 | 1.38 |
| EUR	BANCO SANTANDER SA-REG-S 3.625%/VAR 22-27.09.26 | 600 000.00 | 598 605.42 | 0.16 |
| EUR	BANK OF AMERICA CO-REG-S 1.379%/3M EURIBOR+103BP 17-07.02.25 | 5 500 000.00 | 5 355 515.00 | 1.39 |
| EUR	BARCLAYS PLC-REG-S 1.375%/VAR 18-24.01.26 | 2 000 000.00 | 1 870 796.00 | 0.49 |
| EUR	BK OF AMERICA CORP-REG-S 1.776%/3M EURIBOR+120BP 17-04.05.27 | 3 100 000.00 | 2 882 070.00 | 0.75 |
| EUR	CITIGROUP INC-REG-S 0.500%/VAR 19-08.10.27 | 4 000 000.00 | 3 517 296.00 | 0.91 |
| EUR	CITIGROUP INC-REG-S 1.250%/VAR 20-06.07.26 | 2 500 000.00 | 2 342 874.22 | 0.61 |
| EUR	COMMONWEALTH BK OF AUSTRLIA-REG-S-SUB 1.936%/VAR 17-03.10.29 | 4 900 000.00 | 4 635 743.00 | 1.21 |
| EUR	CREDIT AGRICOLE SA-REG-S 1.000%/VAR 20-22.04.26 | 6 800 000.00 | 6 361 944.00 | 1.66 |
| EUR	CREDIT AGRICOLE SA-REG-S-SUB 1.625%/VAR 20-05.06.30 | 1 100 000.00 | 1 018 019.20 | 0.26 |
| EUR	DANONE SA-REG-S-SUB 1.750%/VAR 17-PRP | 1 200 000.00 | 1 182 256.80 | 0.31 |
| EUR	DEUTSCHE BANK AG-REG-S 1.375%/VAR 20-10.06.26 | 6 000 000.00 | 5 663 320.44 | 1.47 |
| EUR	DEUTSCHE BANK AG-REG-S 1.000%/VAR 20-19.11.25 | 1 500 000.00 | 1 395 450.00 | 0.36 |
| EUR	DNB BANK ASA-REG-S 1.625/VAR 22-31.05.26 | 4 100 000.00 | 3 910 383.20 | 1.02 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 3 700 000.00 | 3 593 151.40 | 0.93 |
| EUR	ING GROEP NV-SUB 3.000%/VAR 17-11.04.28 | 4 800 000.00 | 4 770 249.60 | 1.24 |
| EUR	LLOYDS BANKING GROUP PLC-REG-S 3.500%/VAR 20-01.04.26 | 400 000.00 | 394 373.38 | 0.10 |
| EUR	ORANGE SA-REG-S-SUB 2.375%/VAR 19-PRP | 3 900 000.00 | 3 690 492.00 | 0.96 |
| EUR	SKANDINAVISKA ENSKILDA BANK-REG-S-SUB 1.375%/VAR 16-31.10.28 | 4 800 000.00 | 4 658 611.20 | 1.21 |
| EUR	SOCIETE GENERALE-REG-S-SUB 1.375%/VAR 18-23.02.28 | 3 000 000.00 | 2 952 114.00 | 0.77 |
| EUR	SVENSKA HANDELSBANKEN AB-REG-S-SUB 1.250%/VAR 18-02.03.28 | 3 800 000.00 | 3 771 500.00 | 0.98 |
| EUR	SVENSKA HANDELSBANKEN AB-REG-S-SUB 1.625%/VAR 18-05.03.29 | 1 100 000.00 | 1 058 785.20 | 0.28 |
| EUR	TOTAL SE-REG-S-SUB 2.625%/VAR 15-PRP | 5 000 000.00 | 4 730 970.00 | 1.23 |
| EUR	TOTAL SE-REG-S-SUB 2.708%/VAR 16-PRP | 2 200 000.00 | 2 175 250.00 | 0.57 |
| Total EUR |  | 91 168 054.86 | 23.72 |
| Total Medium term notes, floating rate |  | 91 168 054.86 | 23.72 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ABBVIE INC 1.37500% 16-17.05.24 | 4 900 000.00 | 4 780 077.40 | 1.24 |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 3.75000% 13-20.06.23 | 3 400 000.00 | 3 406 990.40 | 0.89 |
| EUR	ABN AMRO BANK NV-REG-S 0.60000% 20-15.01.27 | 2 000 000.00 | 1 770 500.00 | 0.46 |
| EUR	APPLE INC 1.37500% 15-17.01.24 | 1 500 000.00 | 1 487 376.00 | 0.39 |
| EUR	AT&T INC 1.80000% 18-05.09.26 | 500 000.00 | 472 874.00 | 0.12 |
| EUR	AT&T INC 2.40000% 14-15.03.24 | 1 800 000.00 | 1 784 340.00 | 0.46 |
| EUR	BAXTER INTERNATIONAL INC 1.30000% 17-30.05.25 | 500 000.00 | 477 197.00 | 0.12 |
| EUR	BNP PARIBAS-REG-S 1.12500% 19-28.08.24 | 4 700 000.00 | 4 551 827.80 | 1.18 |
| EUR	BPCE SA-REG-S 0.62500% 20-28.04.25 | 5 700 000.00 | 5 346 440.40 | 1.39 |
| EUR	CAPGEMINI SA-REG-S 1.00000% 18-18.10.24 | 1 900 000.00 | 1 829 966.00 | 0.48 |
| EUR	CIE DE SAINT-GOBAIN-REG-S 0.62500% 19-15.03.24 | 3 300 000.00 | 3 200 016.60 | 0.83 |
| EUR	COCA-COLA EUROPEAN PARTNERS PLC-REG-S 1.12500% 16-26.05.24 | 3 400 000.00 | 3 305 480.00 | 0.86 |
| EUR	DNB BANK ASA-REG-S 0.25000% 19-09.04.24 | 1 000 000.00 | 962 878.00 | 0.25 |
| EUR	INTERNATIONAL BUSINESS MACHINES CORP 1.12500% 16-06.09.24 | 2 300 000.00 | 2 229 666.00 | 0.58 |
| EUR	RABOBANK NEDERLAND NV 4.12500% 10-14.07.25 | 800 000.00 | 827 864.00 | 0.22 |
| EUR	SAP SE-REG-S 0.75000% 18-10.12.24 | 3 500 000.00 | 3 383 975.00 | 0.88 |
| EUR	THERMO FISHER SCIENTIFIC INC 0.75000% 16-12.09.24 | 5 300 000.00 | 5 102 617.40 | 1.33 |
| EUR	VERIZON COMMUNICATIONS INC 1.62500% 14-01.03.24 | 3 500 000.00 | 3 441 788.00 | 0.90 |
| Total EUR |  | 48 361 874.00 | 12.58 |
| Total Bonds, fixed rate |  | 48 361 874.00 | 12.58 |

UBS (Lux) Bond SICAV – Short Term EUR Corporates Sustainable (EUR) Semi-Annual Report as of 30 November 2022
| Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Bonds, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 22-15.03.24 | 2 000 000.00 | 1 948 928.00 | 0.51 |
| Total EUR |  | 1 948 928.00 | 0.51 |
| Total Bonds, zero coupon |  | 1 948 928.00 | 0.51 |
| Bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	ALLIANZ SE-REG-S-SUB 2.241%/VAR 15-07.07.45 | 700 000.00 | 658 957.60 | 0.17 |
| EUR	AXA SA-REG-S-SUB 5.125%/3M EURIBOR+435BP 13-04.07.43 | 4 000 000.00 | 4 029 120.00 | 1.05 |
| EUR	ENGIE SA-REG-S-SUB 3.250%/VAR 19-PRP | 1 400 000.00 | 1 362 438.00 | 0.36 |
| EUR	ING GROEP NV-REG-S-SUB 2.000%/VAR 18-22.03.30 | 500 000.00 | 464 838.00 | 0.12 |
| Total EUR |  | 6 515 353.60 | 1.70 |
| Total Bonds, floating rate |  | 6 515 353.60 | 1.70 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 373 613 943.91 | 97.22 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	AT&T INC 1.30000% 15-05.09.23 | 1 000 000.00 | 987 860.00 | 0.25 |
| Total EUR |  | 987 860.00 | 0.25 |
| Total Bonds, fixed rate |  | 987 860.00 | 0.25 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 987 860.00 | 0.25 |
| Total investments in securities |  | 374 601 803.91 | 97.47 |
| Forward Foreign Exchange contracts |  |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| CHF | 76 469 800.00 | EUR | 77 347 532.06 | 2.12.2022 | 603 410.88 | 0.16 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 18 008 700.00 | EUR | 18 044 133.26 | 2.12.2022 | -554 015.26 | -0.14 |
| EUR | 1 912 085.63 | CHF | 1 895 100.00 | 2.12.2022 | -19 720.55 | -0.02 |
| EUR | 75 445.58 | USD | 74 700.00 | 2.12.2022 | 2 896.66 | 0.00 |
| CHF | 145 100.00 | EUR | 147 094.36 | 2.12.2022 | 816.08 | 0.00 |
| USD | 189 500.00 | EUR | 182 725.35 | 2.12.2022 | 1 317.77 | 0.00 |
| EUR | 254 189.92 | CHF | 250 100.00 | 2.12.2022 | -754.26 | 0.00 |
| EUR | 1 750 039.08 | CHF | 1 725 300.00 | 2.12.2022 | -8 678.24 | 0.00 |
| CHF | 72 744 400.00 | EUR | 73 999 347.53 | 3.1.2023 | 272 170.34 | 0.07 |
| USD | 18 123 500.00 | EUR | 17 452 117.06 | 3.1.2023 | 99 430.65 | 0.03 |
| Total Forward Foreign Exchange contracts | 396 874.07 | 0.10 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 6 687 743.20 | 1.74 |
| Other assets and liabilities | 2 621 333.44 | 0.69 |
| Total net assets | 384 307 754.62 | 100.00 |

UBS (Lux) Bond SICAV – Short Term EUR Corporates Sustainable (EUR)
Semi-Annual Report as of 30 November 2022

Translation (ENFR, 2022-11-30):
# UBS (Lux) Bond SICAV
– Asian Investment Grade Bonds Sustainable (USD)
| Données principales |  |
| --- | --- |
|  | ISIN | 30.11.2022 | 31.5.2022 | 31.5.2021 |
| Actif net en USD |  | 106 931 374.15 | 133 158 299.76 | 89 439 023.89 |
| Catégorie I-B-acc | LU1377678567 |  |  |  |
| Actions en circulation |  | 132 407.0000 | 184 428.0000 | 142 946.0000 |
| Valeur nette d’inventaire par action en USD |  | 113.89 | 118.12 | 128.30 |
| Prix d’émission et de rachat par action en USD 1 |  | 114.19 | 118.12 | 128.30 |
| Catégorie U-X-acc | LU1377216947 |  |  |  |
| Actions en circulation |  | 8 028.7420 | 9 389.7600 | 5 522.0000 |
| Valeur nette d’inventaire par action en USD |  | 11 440.32 | 11 861.19 | 12 875.47 |
| Prix d’émission et de rachat par action en USD 1 |  | 11 470.06 | 11 861.19 | 12 875.47 |
| 1  Voir note 1 |  |  |  |  |


## Structure du portefeuille-titres
Répartition géographique en % de l’actif net	
| Iles Caïmans | 14.54 |
| --- | --- |
| Hong Kong | 13.09 |
| Îles Vierges britanniques | 12.16 |
| Chine | 10.58 |
| Indonésie | 8.14 |
| Corée du Sud | 7.60 |
| Singapour | 7.54 |
| Etats-Unis | 5.19 |
| Inde | 4.29 |
| Philippines | 3.78 |
| Thaïlande | 2.80 |
| Japon | 2.54 |
| Malaisie | 1.75 |
| Grande-Bretagne | 1.24 |
| Macao | 0.27 |
| France | 0.23 |
| Total | 95.74 |

Répartition économique en % de l’actif net	
| Etablissements financiers et sociétés de participation | 30.86 |
| --- | --- |
| Banques & instituts de crédit | 23.42 |
| Gouvernements nationaux et centraux | 12.66 |
| Internet, logiciels et services informatiques | 4.31 |
| Emetteurs d’obligations sécurisées (Pfandbriefe) et |  |
| sociétés de refinancement | 3.25 |
| Services divers | 3.19 |
| Chimie | 2.95 |
| Pétrole | 2.61 |
| Industrie graphique, édition et médias | 2.37 |
| Télécommunications | 2.30 |
| Immobilier | 1.99 |
| Diverses sociétés commerciales | 1.42 |
| Trafic et transport | 0.96 |
| Industrie minière, charbon et acier | 0.88 |
| Villes, communes | 0.79 |
| Distribution d’énergie & d’eau | 0.70 |
| Alimentation & softs | 0.61 |
| Equipement informatique et de réseau | 0.47 |
| Total | 95.74 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds Sustainable (USD)
Rapport semestriel au 30 novembre 2022

## Etat des actifs nets
Actif	30.11.2022
USD
Portefeuille-titres, cours d’achat	113 041 390.62
| Portefeuille-titres, plus- (moins-) value non-réalisée | 	-10 665 744.40	 |
| --- | --- |
| Total portefeuille-titres (note 1) | 102 375 646.22 |
| Avoirs en banque, dépôts à vue et à terme | 3 891 887.88 |
| Autres liquidités (marges) | 390 612.56 |
| A recevoir sur ventes de titres (note 1) | 2 688 192.35 |
| Intérêts à recevoir sur titres | 846 142.76 |
| Frais payés d’avance | 21 517.94 |
| Bénéfice non réalisé sur contrats financiers à terme (note 1) | 8 627.73 |
| Total Actif | 110 222 627.44 |
|  |  |
| Passif |  |
| Crédit en compte courant | -137 580.12 |
| A payer sur achats de titres (note 1) | -3 143 075.32 |
| Provisions pour commission de gestion forfaitaire (note 2) | -821.85 |
| Provisions pour taxe d’abonnement (note 3) | -1 772.51 |
| Provisions pour autres commissions et frais (note 2) | 	-8 003.49	 |
| Total des Provisions pour frais | -10 597.85 |
| Total Passif | -3 291 253.29 |
|  |  |
| Actifs nets à la fin de la période | 106 931 374.15 |
| Etat des opérations | USD |
| Revenus | 1.6.2022-30.11.2022 |
| Revenus d’intérêts sur liquidités | 29 736.42 |
| Intérêts sur titres | 1 938 997.98 |
| Revenus nets sur prêts de titres (note 11) | 40 726.52 |
| Autres revenus (note 4) | 36 876.28 |
| Total des Revenus | 2 046 337.20 |
|  |  |
| Charges |  |
| Commission de gestion forfaitaire (note 2) | -6 068.03 |
| Taxe d’abonnement (note 3) | -5 680.70 |
| Autres commissions et frais (note 2) | -7 842.62 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -1 085.36 |
| Total des Charges | -20 676.71 |
|  |  |
| Revenus (Pertes) net(te)s des investissements | 2 025 660.49 |
|  |  |
| Bénéfices (pertes) réalisé(e)s (note 1) |  |
| Bénéfice (perte) réalisé(e) sur titres évalués à la valeur de marché hors options | -7 361 038.49 |
| Bénéfice (perte) réalisé(e) sur contrats financiers à terme | -1 019 302.88 |
| Bénéfice (perte) réalisé(e) de change réalisé(e) | -2 551.74 |
| Total des Bénéfices (pertes) réalisé(e)s | -8 382 893.11 |
|  |  |
| Bénéfice (perte) net(te) réalisé(e) au cours de la période | -6 357 232.62 |
|  |  |
| Variations des plus- (moins-) values non-réalisées (note 1) |  |
| Plus- (Moins-) value non réalisée sur titres évalués à la valeur de marché hors options | 1 283 947.92 |
| Plus- (Moins-) value non réalisée sur contrats financiers à terme | 132 604.32 |
| Total des Variations des plus- (moins-) values non-réalisées | 1 416 552.24 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | -4 940 680.38 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds Sustainable (USD) Rapport semestriel au 30 novembre 2022
| Variations de l’actif net |  |
| --- | --- |
|  | USD |
|  | 1.6.2022-30.11.2022 |
| Actif net au début de la période | 133 158 299.76 |
| Souscriptions | 2 560 994.01 |
| Rachats | 	-23 847 239.24	 |
| Souscriptions (Rachats) net(te)s | -21 286 245.23 |
| Revenus (Pertes) net(te)s des investissements | 2 025 660.49 |
| Total des Bénéfices (pertes) réalisé(e)s | -8 382 893.11 |
| Total des Variations des plus- (moins-) values non-réalisées | 	1 416 552.24	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | -4 940 680.38 |
| Actifs nets à la fin de la période | 106 931 374.15 |
| Evolution des actions en circulation |  |
|  | 1.6.2022-30.11.2022 |
| Catégorie | I-B-acc |
| Nombre d’actions en circulation au début de la période | 184 428.0000 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -52 021.0000 |
| Nombre d’actions en circulation à la fin de la période | 132 407.0000 |
| Catégorie | U-X-acc |
| Nombre d’actions en circulation au début de la période | 9 389.7600 |
| Nombre d’actions émises | 222.9820 |
| Nombre d’actions rachetées | -1 584.0000 |
| Nombre d’actions en circulation à la fin de la période | 8 028.7420 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds Sustainable (USD)
Rapport semestriel au 30 novembre 2022

## Etat du portefeuille-titres et autres actifs nets au 30 novembre 2022
| Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
| Titres et instruments du marché monétaire négociés sur une bourse officielle |  |  |  |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	ADANI PORTS & SPL ECO ZONE LTD-REG-S 5.00000% 21-02.08.41 | 600 000.00 | 424 612.50 | 0.40 |
| USD	AIRPORT AUTHORITY-REG-S 3.25000% 22-12.01.52 | 1 150 000.00 | 840 508.77 | 0.79 |
| USD	ALIBABA GROUP HOLDING LTD 3.60000% 15-28.11.24 | 200 000.00 | 192 286.00 | 0.18 |
| USD	ALIBABA GROUP HOLDING LTD 2.80000% 17-06.06.23 | 700 000.00 | 690 711.00 | 0.65 |
| USD	ALIBABA GROUP HOLDING LTD 3.15000% 21-09.02.51 | 850 000.00 | 541 033.50 | 0.51 |
| USD	AMBER CIRCLE FUNDING LTD-REG-S 3.25000% 12-04.12.22 | 1 290 000.00 | 1 289 742.00 | 1.21 |
| USD	BAIDU INC 3.07500% 20-07.04.25 | 250 000.00 | 234 757.50 | 0.22 |
| USD	BAIDU INC 4.12500% 15-30.06.25 | 750 000.00 | 720 712.50 | 0.67 |
| USD	BHARTI AIRTEL LTD-REG-S 4.37500% 15-10.06.25 | 800 000.00 | 773 150.00 | 0.72 |
| USD	CITIC LTD-REG-S 6.80000% 12-17.01.23 | 500 000.00 | 500 990.00 | 0.47 |
| USD	CK HUTCHISON INTERNATIONAL 20 LTD-REG-S 2.50000% 20-08.05.30 | 250 000.00 | 210 206.94 | 0.20 |
| USD	CK HUTCHISON INTNL 17 II LTD-REG-S 2.75000% 17-29.03.23 | 1 500 000.00 | 1 489 300.80 | 1.39 |
| USD	CNAC HK FINBRIDGE CO LTD-REG-S 5.12500% 18-14.03.28 | 600 000.00 | 566 925.00 | 0.53 |
| USD	CNAC HK FINBRIDGE CO LTD-REG-S 3.00000% 20-22.09.30 | 200 000.00 | 159 966.00 | 0.15 |
| USD	FRANSHION BRILLIANT LTD-REG-S 4.25000% 19-23.07.29 | 200 000.00 | 130 725.00 | 0.12 |
| USD	HAIDILAO INTERNATIONAL HOLDING-REG-S 2.15000% 21-14.01.26 | 400 000.00 | 334 000.00 | 0.31 |
| USD	HKT CAPITAL NO 4 LTD-REG-S 3.00000% 16-14.07.26 | 1 500 000.00 | 1 382 801.90 | 1.29 |
| USD	HUARONG FINANCE 2017 CO-REG-S 4.75000% 17-27.04.27 | 1 000 000.00 | 843 000.00 | 0.79 |
| USD	INDOFOOD CBP SUKSES MAKMUR TBK PT-REG-S 3.39800% 21-09.06.31 | 400 000.00 | 322 000.00 | 0.30 |
| USD	INDONESIA, REPUBLIC OF 4.10000% 18-24.04.28 | 1 500 000.00 | 1 461 843.75 | 1.37 |
| USD	INDONESIA, REPUBLIC OF 3.70000% 19-30.10.49 | 1 775 000.00 | 1 360 289.00 | 1.27 |
| USD	INDONESIA, REPUBLIC OF 4.65000% 22-20.09.32 | 625 000.00 | 614 131.25 | 0.57 |
| USD	INDONESIA, REPUBLIC OF-REG-S 5.25000% 12-17.01.42 | 200 000.00 | 195 662.50 | 0.18 |
| USD	KOREA NATIONAL OIL CORP-REG-S 2.62500% 16-14.04.26 | 300 000.00 | 276 806.25 | 0.26 |
| USD	KOREA NATIONAL OIL CORP-REG-S 2.62500% 22-18.04.32 | 300 000.00 | 239 688.00 | 0.22 |
| USD	LENOVO GROUP LTD-REG-S 3.42100% 20-02.11.30 | 400 000.00 | 307 950.00 | 0.29 |
| USD	LENOVO GROUP LTD-REG-S 6.53600% 22-27.07.32 | 200 000.00 | 191 748.00 | 0.18 |
| USD	LEVC FINANCE LTD-REG-S 1.37500% 21-25.03.24 | 1 600 000.00 | 1 519 808.00 | 1.42 |
| USD	LG CHEM LTD-REG-S 2.37500% 21-07.07.31 | 1 250 000.00 | 973 612.50 | 0.91 |
| USD	MALAYSIA SOVEREIGN SUKUK BHD-REG-S 3.04300% 15-22.04.25 | 800 000.00 | 771 900.00 | 0.72 |
| USD	MEITUAN DIANPING-REG-S 3.05000% 20-28.10.30 | 1 396 000.00 | 1 029 375.50 | 0.96 |
| USD	NORINCHUKIN BANK/THE REG-S 4.86700% 22-14.09.27 | 200 000.00 | 198 281.42 | 0.19 |
| USD	NORINCHUKIN BANK/THE-REG-S 5.07100% 22-14.09.32 | 200 000.00 | 196 620.36 | 0.18 |
| USD	PERUSAHAAN PENERBIT SBSN INDONESI-REG-S 4.40000% 22-06.06.27 | 1 500 000.00 | 1 475 906.25 | 1.38 |
| USD	PHILIPPINES, REPUBLIC OF THE 5.60900% 22-13.04.33 | 300 000.00 | 316 158.00 | 0.30 |
| USD	PHILIPPINES, REPUBLIC OF THE 5.17000% 22-13.10.27 | 825 000.00 | 841 590.75 | 0.79 |
| USD	POSCO-REG-S 4.50000% 22-04.08.27 | 1 000 000.00 | 936 970.00 | 0.88 |
| USD	RELIANCE INDUSTRIES LTD-REG-S 2.87500% 22-12.01.32 | 1 150 000.00 | 944 403.00 | 0.88 |
| USD	RELIANCE INDUSTRIES LTD-REG-S 3.62500% 22-12.01.52 | 750 000.00 | 506 859.37 | 0.47 |
| USD	SHINHAN BANK CO LTD-REG-S 3.87500% 18-05.11.23 | 400 000.00 | 395 220.00 | 0.37 |
| USD	SHINHAN CARD CO LTD-REG-S 2.50000% 22-27.01.27 | 750 000.00 | 648 090.00 | 0.61 |
| USD	STATE BANK OF INDIA LONDON-REG-S 4.87500% 14-17.04.24 | 1 200 000.00 | 1 188 225.00 | 1.11 |
| USD	STATE BANK OF INDIA LONDON-REG-S 4.37500% 19-24.01.24 | 1 100 000.00 | 1 083 706.25 | 1.01 |
| USD	STATE BANK OF INDIA LONDON-REG-S 4.50000% 18-28.09.23 | 250 000.00 | 247 792.50 | 0.23 |
| USD	SUMITOMO MITSUI TRUST BANK LTD-REG-S 4.95000% 22-15.09.27 | 1 100 000.00 | 1 089 347.71 | 1.02 |
| USD	TENCENT HOLDINGS LTD-REG-S 3.28000% 19-11.04.24 | 300 000.00 | 291 054.00 | 0.27 |
| USD	TSMC GLOBAL LTD-REG-S 2.25000% 21-23.04.31 | 1 650 000.00 | 1 333 843.50 | 1.25 |
| USD	WOORI BANK-REG-S 1.75000% 21-23.03.26 | 1 500 000.00 | 1 318 260.00 | 1.23 |
| Total USD |  | 33 602 572.27 | 31.42 |
| Total des Billets, taux fixe |  | 33 602 572.27 | 31.42 |
| Billets, taux variable |  |  |  |
| USD |  |  |  |
| USD	BANGKOK BANK -REG-S-SUB 3.466%/VAR 21-23.09.36 | 700 000.00 | 549 843.00 | 0.51 |
| USD	IND & COM BK CHINA MACAU-REG-S-SUB 2.875%/VAR 19-12.09.29 | 300 000.00 | 285 018.00 | 0.27 |
| USD	OVERSEA-CHINESE BKNG-REG-S-SUB 1.832%/VAR 20-10.09.30 | 2 375 000.00 | 2 121 065.00 | 1.98 |
| Total USD |  | 2 955 926.00 | 2.76 |
| Total des Billets, taux variable |  | 2 955 926.00 | 2.76 |
| Medium-Term Notes, taux fixe |  |  |  |
| USD |  |  |  |
| USD	BANGKOK BANK PCL/HONG KONG-REG-S 4.30000% 22-15.06.27 | 400 000.00 | 386 240.00 | 0.36 |
| USD	BANGKOK BANK PUBLIC CO LTD-REG-S 5.00000% 13-03.10.23 | 700 000.00 | 697 943.75 | 0.65 |
| USD	BANK MANDIRI PERSERO TBK PT-REG-S 4.75000% 20-13.05.25 | 1 200 000.00 | 1 169 100.00 | 1.09 |
| USD	BANK OF CHINA LTD/PARIS 0.95000% 20-21.09.23 | 250 000.00 | 242 265.00 | 0.23 |
| USD	BANK OF CHINA/HONG KONG-REG-S 3.62500% 19-17.04.29 | 200 000.00 | 187 604.00 | 0.18 |
| USD	BANK OF EAST ASIA LTD-REG-S-SUB 4.00000% 20-29.05.30 | 250 000.00 | 222 500.00 | 0.21 |
| USD	BANKOK BANK PCL HONG KONG-REG-S 4.05000% 18-19.03.24 | 200 000.00 | 196 662.50 | 0.18 |
| USD	BDO UNIBANK INC-REG-S 2.95000% 17-06.03.23 | 500 000.00 | 494 781.25 | 0.46 |
| USD	BDO UNIBANK INC-REG-S 2.12500% 20-13.01.26 | 250 000.00 | 225 000.00 | 0.21 |
| USD	BOC AVIATION LTD-REG-S 3.50000% 19-10.10.24 | 300 000.00 | 285 372.00 | 0.27 |
| USD	BOC AVIATION LTD-REG-S 4.00000% 19-25.01.24 | 1 000 000.00 | 976 760.00 | 0.91 |
| USD	BOC AVIATION LTD-REG-S 2.75000% 20-02.12.23 | 800 000.00 | 775 328.00 | 0.73 |
| USD	BOCOM LEASING MGT HONG KONG-REG-S 4.37500% 19-22.01.24 | 1 500 000.00 | 1 478 250.00 | 1.38 |
| USD	BOCOM LEASING MGT HONG KONG-REG-S 1.75000% 20-14.07.23 | 1 000 000.00 | 978 210.00 | 0.91 |
| USD	CDBL FUNDING 1-REG-S 3.50000% 20-24.10.27 | 900 000.00 | 822 195.00 | 0.77 |
| USD	CDBL FUNDING 2-REG-S 2.00000% 21-04.03.26 | 1 200 000.00 | 1 081 632.00 | 1.01 |
| USD	CHINA CINDA 2020 I MANAGEMENT LTD-REG-S 3.12500% 20-18.03.30 | 1 200 000.00 | 968 640.00 | 0.91 |
| USD	CITIC LTD-REG-S 2.85000% 20-25.02.30 | 200 000.00 | 167 304.00 | 0.16 |
| USD	CITIC LTD-REG-S 3.50000% 22-17.02.32 | 1 375 000.00 | 1 166 440.00 | 1.09 |
| USD	CK PROPERTY FINANCE MTN LTD-REG-S 0.75000% 21-30.06.24 | 800 000.00 | 744 896.00 | 0.70 |
| USD	CMB INTERNATIONAL LEASING MGT LTD-REG-S 2.75000% 20-12.08.30 | 1 275 000.00 | 969 637.50 | 0.91 |
| USD	FAR EAST HORIZON LTD-REG-S 3.37500% 20-18.02.25 | 800 000.00 | 657 650.00 | 0.62 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds Sustainable (USD) Rapport semestriel au 30 novembre 2022
|  | Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
|  |  |  |  |  |
| USD | GC TREASURY CENTER CO LTD-REG-S 4.30000% 21-18.03.51 | 325 000.00 | 228 373.44 | 0.21 |
| USD | GC TREASURY CENTER CO LTD-REG-S 5.20000% 22-30.03.52 | 300 000.00 | 239 962.50 | 0.22 |
| USD | GLP CHINA HOLDINGS LTD-REG-S 2.95000% 21-29.03.26 | 200 000.00 | 126 412.50 | 0.12 |
| USD | HONG KONG GOVERNMEN INT BD-REG-S 0.62500% 21-02.02.26 | 1 000 000.00 | 896 200.05 | 0.84 |
| USD | HUARONG FINANCE-REG-S 4.50000% 19-29.05.29 | 450 000.00 | 357 131.25 | 0.33 |
| USD | ICBCIL FINANCE CO LTD-REG-S 3.62500% 16-19.05.26 | 250 000.00 | 237 859.37 | 0.22 |
| USD | ICBCIL FINANCE CO LTD-REG-S 1.62500% 21-02.11.24 | 1 200 000.00 | 1 113 324.00 | 1.04 |
| USD | INDONESIA, REPUBLIC OF-REG-S 4.75000% 17-18.07.47 | 350 000.00 | 316 815.63 | 0.30 |
| USD | INDUSTRIAL & COMME BK OF CHINA/HK-REG-S 1.20000% 20-20.07.25 | 800 000.00 | 726 296.00 | 0.68 |
| USD | INDUSTRIAL COMMERCIAL BANK CHINA-REG-S 1.20000% 20-09.09.25 | 325 000.00 | 293 611.50 | 0.27 |
| USD | INDUSTRIAL COMMERCIAL BANK CHINA-REG-S 1.00000% 20-09.09.23 | 500 000.00 | 485 240.00 | 0.45 |
| USD | INVENTIVE GLOBAL INVESTMENTS LTD-REG-S 1.65000% 20-03.09.25 | 3 135 000.00 | 2 822 783.47 | 2.64 |
| USD | KASIKORNBANK PCL/HONG KONG-REG-S 3.25600% 18-12.07.23 | 1 385 000.00 | 1 368 812.81 | 1.28 |
| USD | NAN FUNG TREASURY LTD-REG-S 3.62500% 20-27.08.30 | 530 000.00 | 397 295.91 | 0.37 |
| USD | PERTAMINA PERSERO PT-REG-S 4.70000% 19-30.07.49 | 1 000 000.00 | 826 437.50 | 0.77 |
| USD | PERTAMINA PT-REG-S 6.45000% 14-30.05.44 | 450 000.00 | 457 396.88 | 0.43 |
| USD | PTT TREASURY CENTER CO LTD-REG-S 4.50000% 19-25.10.42 | 353 000.00 | 285 224.00 | 0.27 |
| USD | REC LTD-REG-S 2.25000% 21-01.09.26 | 850 000.00 | 746 565.62 | 0.70 |
| USD | RHB BANK BHD-REG-S 3.76600% 19-19.02.24 | 930 000.00 | 911 574.38 | 0.85 |
| USD | SHINHAN FIN GROUP CO LTD-REG-S 1.35000% 20-10.01.26 | 1 025 000.00 | 907 934.75 | 0.85 |
| USD | SIAM COMMERCIAL BK CAYMAN ISLAND-REG-S 2.75000% 17-16.05.23 | 1 164 000.00 | 1 151 487.00 | 1.08 |
| USD | SIAM COMMERCIAL BK CAYMAN ISLAND-REG-S 3.90000% 19-11.02.24 | 2 000 000.00 | 1 968 500.00 | 1.84 |
| USD | SINGAPORE AIRLINES LTD-REG-S 3.00000% 21-20.07.26 | 650 000.00 | 600 978.24 | 0.56 |
| USD | SINGAPORE EXCHANGE LTD-REG-S 1.23400% 21-03.09.26 | 600 000.00 | 523 379.14 | 0.49 |
| USD | SINGTEL GROUP TREASURY PTE LTD-REG-S 3.25000% 15-30.06.25 | 200 000.00 | 191 150.38 | 0.18 |
| USD | SINGTEL GROUP TREASURY PTE LTD-REG-S 3.87500% 18-28.08.28 | 350 000.00 | 333 008.41 | 0.31 |
| USD | SP POWERASSETS LTD-REG-S 3.25000% 15-24.11.25 | 200 000.00 | 191 229.54 | 0.18 |
| USD | STATE GRID OVERSEAS INVESTMENT-REG-S 3.50000% 17-04.05.27 | 200 000.00 | 190 820.00 | 0.18 |
| USD | STATE GRID OVERSEAS INVESTMENT-REG-S 4.25000% 18-02.05.28 | 2 800 000.00 | 2 727 900.00 | 2.55 |
| USD | SUMITOMO CORP-REG-S 1.55000% 21-06.07.26 | 1 400 000.00 | 1 230 199.01 | 1.15 |
| USD | SUN HUNG KAI PROP CAP MRKT LTD-REG-S 2.87500% 20-21.01.30 | 400 000.00 | 340 161.92 | 0.32 |
| USD | SUN HUNG KAI PROPERTIES CAPITAL-REG-S 3.62500% 12-16.01.23 | 1 500 000.00 | 1 497 330.00 | 1.40 |
| USD | SWIRE PACIFIC MTN FINANCING LTD-REG-S 4.50000% 13-09.10.23 | 1 000 000.00 | 993 315.00 | 0.93 |
| USD | SWIRE PROPERTIES MTN FINANCING-REG-S 3.62500% 16-13.01.26 | 1 000 000.00 | 967 552.99 | 0.90 |
| USD | TEMASEK FINANCIAL I LTD-REG-S 2.50000% 20-06.10.70 | 250 000.00 | 151 493.60 | 0.14 |
| USD | TENCENT HOLDINGS LTD-REG-S 3.97500% 19-11.04.29 | 2 200 000.00 | 2 002 412.49 | 1.87 |
| USD | TENCENT HOLDINGS LTD-REG-S 3.24000% 20-03.06.50 | 400 000.00 | 246 075.00 | 0.23 |
| USD | THAIOIL TREASURY CENTER CO LTD-REG-S 3.50000% 19-17.10.49 | 1 650 000.00 | 989 278.13 | 0.93 |
| USD | VANKE REAL ESTAT HONG KONG CO LTD-REG-S 3.50000% 19-12.11.29 | 550 000.00 | 386 650.00 | 0.36 |
| USD | WHEELOCK MTN BVI LTD-REG-S 2.37500% 21-25.01.26 | 850 000.00 | 776 233.16 | 0.73 |
| Total USD |  |  | 46 098 816.57 | 43.11 |
| Total des Medium-Term Notes, taux fixe |  | 46 098 816.57 | 43.11 |
| Medium-Term Notes, taux variable |  |  |  |
| USD |  |  |  |
| USD	BANK OF EAST ASIA LTD-REG-S-SUB 4.875%/VAR 22-22.04.32 | 450 000.00 | 389 578.28 | 0.36 |
| USD	DAH SING BANK LTD-REG-S-SUB 3.000%/VAR 21-02.11.31 | 500 000.00 | 433 222.04 | 0.41 |
| USD	DBS GROUP HOLDINGS LTD-REG-S-SUB 4.520%/VAR 18-11.12.28 | 200 000.00 | 197 440.61 | 0.19 |
| USD	KEB HANA BANK-REG-S-SUB 3.500%/VAR 21-PRP | 1 000 000.00 | 845 850.00 | 0.79 |
| USD	SHINHAN FIN GROUP CO LTD-REG-S-SUB 3.340%/VAR 19-05.02.30 | 775 000.00 | 709 754.69 | 0.66 |
| USD	UNITED OVERSEAS BANK LTD-REG-S-SUB 3.750%/VAR 19-15.04.29 | 800 000.00 | 776 835.12 | 0.73 |
| Total USD |  | 3 352 680.74 | 3.14 |
| Total des Medium-Term Notes, taux variable |  | 3 352 680.74 | 3.14 |
| Obligations, taux fixe |  |  |  |
| USD |  |  |  |
| USD	BAIDU INC 3.87500% 18-29.09.23 | 1 000 000.00 | 986 160.00 | 0.92 |
| USD	BANK OF CHINA LTD/MACAU-REG-S 3.50000% 17-20.04.27 | 2 000 000.00 | 1 920 420.00 | 1.80 |
| USD	GLOBAL LOGISTIC PROPERTIES LTD-REG-S 3.87500% 15-04.06.25 | 265 000.00 | 164 303.50 | 0.15 |
| USD	HKT CAPITAL NO 5 LTD-REG-S 3.25000% 19-30.09.29 | 350 000.00 | 304 182.37 | 0.28 |
| USD	HUTCHISON WHAMPOA INTERNATIONAL14-REG-S 3.62500% 14-31.10.24 | 1 000 000.00 | 970 187.50 | 0.91 |
| USD	INDUSTRIAL BANK OF KOREA-REG-S 0.62500% 21-17.09.24 | 225 000.00 | 207 605.25 | 0.19 |
| USD	LONGFOR GROUP HOLDINGS LTD-REG-S 3.95000% 19-16.09.29 | 200 000.00 | 135 787.50 | 0.13 |
| USD	LONGFOR PROPERTIES-REG-S 3.85000% 20-13.01.32 | 350 000.00 | 224 284.37 | 0.21 |
| USD	MALAYSIA WAKALA SUKUK BHD-REG-S 3.07500% 21-28.04.51 | 250 000.00 | 187 859.38 | 0.18 |
| USD	PERUSAHAAN PENERBIT SBSN-REG-S 3.80000% 20-23.06.50 | 650 000.00 | 506 467.00 | 0.47 |
| USD	PHILIPPINES, REPUBLIC OF THE 3.95000% 15-20.01.40 | 900 000.00 | 756 099.00 | 0.71 |
| USD	PHILIPPINES, REPUBLIC OF THE 3.70000% 16-01.03.41 | 1 750 000.00 | 1 413 317.50 | 1.32 |
| USD	STATE GRID OVERSEAS INV 2013 LTD-REG-S 3.12500% 13-22.05.23 | 1 000 000.00 | 991 440.00 | 0.93 |
| USD	XIAOMI BEST TIME INTER LTD-REG-S 4.10000% 21-14.07.51 | 600 000.00 | 305 724.00 | 0.29 |
| Total USD |  | 9 073 837.37 | 8.49 |
| Total des Obligations, taux fixe |  | 9 073 837.37 | 8.49 |
| Obligations, taux variable |  |  |  |
| USD |  |  |  |
| USD	BANK OF COMMUNICATIONS H/K-REG-S 2.304%/VAR 21-08.07.31 | 1 200 000.00 | 1 075 875.96 | 1.01 |
| USD	SHINHAN FINANCIAL GROUP CO LTD-REG-S-SUB 2.875%VAR 21-PRP | 800 000.00 | 668 000.00 | 0.62 |
| Total USD |  | 1 743 875.96 | 1.63 |
| Total des Obligations, taux variable |  | 1 743 875.96 | 1.63 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds Sustainable (USD)
Rapport semestriel au 30 novembre 2022
| Dénomination	Nombre/ | Evaluation en USD | en % |
| --- | --- | --- |
| Nominal | Bénéfice/(perte) non | de |
|  | réalisé(e) sur futures/ | l’actif |
|  | Contrats de | net |
|  | change à terme/ |  |
|  | Swaps (note 1) |  |

Bons du Trésor à moyen terme, taux fixe
| USD |  |
| --- | --- |
| USD | AMERICA, UNITED STATES OF 0.25000% 20-15.06.23 | 4 500 000.00 | 4 395 410.14 | 4.11 |
| USD | AMERICA, UNITED STATES OF 0.12500% 20-31.12.22 | 200 000.00 | 199 367.17 | 0.19 |
| Total USD |  |  | 4 594 777.31 | 4.30 |
| Total des Bons du Trésor à moyen terme, taux fixe |  | 4 594 777.31 | 4.30 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 101 422 486.22 | 94.85 |
| Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  |  |  |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	INDUSTRIAL & COMMERCIAL BANK OF CN/NY 3.53800% 17-08.11.27 | 1 000 000.00 | 953 160.00 | 0.89 |
| Total USD |  | 953 160.00 | 0.89 |
| Total des Billets, taux fixe |  | 953 160.00 | 0.89 |
| Total des Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  | 953 160.00 | 0.89 |
| Total du Portefeuille-titres |  | 102 375 646.22 | 95.74 |

| Instruments dérivés |  |
| --- | --- |
| Instruments dérivés négociés sur une bourse officielle Contrats financiers à terme sur obligations |
|  |  |  |  |
| JPY	JAPAN GOVERNMENT 10Y BOND (OSE) FUTURE 13.12.22 | -4.00 | -3 583.20 | 0.00 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 22.03.23 | 15.00 | 4 687.50 | 0.00 |
| USD	US 10YR TREASURY NOTE FUTURE 22.03.23 | 87.00 | 7 523.43 | 0.01 |
| Total des Contrats financiers à terme sur obligations |  | 8 627.73 | 0.01 |
| Total des Instruments dérivés négociés sur une bourse officielle |  | 8 627.73 | 0.01 |
| Total des Instruments dérivés |  | 8 627.73 | 0.01 |
|  |  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités |  | 4 282 500.44 | 4.00 |
| Crédit en compte courant et autres engagements à court terme |  | -137 580.12 | -0.13 |
| Autres actifs et passifs |  | 402 179.88 | 0.38 |
| Total de l’Actif net |  | 106 931 374.15 | 100.00 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds Sustainable (USD) Rapport semestriel au 30 novembre 2022