# UBS (Lux) Bond SICAV
– Short Duration High Yield Sustainable (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Net assets in USD |  | 558 558 690.73 | 607 137 667.02 | 717 745 195.54 |
| Class (CHF hedged) F-acc | LU0949706443 |  |  |  |
| Shares outstanding |  | 400.0000 | 400.0000 | 19 700.0000 |
| Net asset value per share in CHF |  | 117.87 | 116.40 | 114.31 |
| Issue and redemption price per share in CHF 1 |  | 117.87 | 116.40 | 114.31 |
| Class (EUR hedged) F-acc | LU0949593064 |  |  |  |
| Shares outstanding |  | 96 253.0000 | 94 493.0000 | 157 174.0010 |
| Net asset value per share in EUR |  | 123.14 | 121.35 | 118.68 |
| Issue and redemption price per share in EUR 1 |  | 123.14 | 121.35 | 118.68 |
| Class I-A1-acc | LU0849031918 |  |  |  |
| Shares outstanding |  | 75 754.2780 | 67 275.9230 | 166 928.6140 |
| Net asset value per share in USD |  | 124.77 | 121.34 | 115.39 |
| Issue and redemption price per share in USD 1 |  | 124.77 | 121.34 | 115.39 |
| Class (CHF hedged) I-A1-acc | LU0913264692 |  |  |  |
| Shares outstanding |  | 68 465.1500 | 74 464.8520 | 99 944.2980 |
| Net asset value per share in CHF |  | 108.16 | 106.86 | 105.04 |
| Issue and redemption price per share in CHF 1 |  | 108.16 | 106.86 | 105.04 |
| Class I-A2-acc | LU0838526746 |  |  |  |
| Shares outstanding |  | 1 347.6540 | 65 136.4540 | 65 703.4220 |
| Net asset value per share in USD |  | 124.75 | 121.32 | 115.31 |
| Issue and redemption price per share in USD 1 |  | 124.75 | 121.32 | 115.31 |
| Class (EUR hedged) I-A2-acc | LU0612440262 |  |  |  |
| Shares outstanding |  | 180 600.3230 | 90 923.4790 | 48 256.8330 |
| Net asset value per share in EUR |  | 108.02 | 106.48 | 104.19 |
| Issue and redemption price per share in EUR 1 |  | 108.02 | 106.48 | 104.19 |
| Class I-B-acc | LU0913264429 |  |  |  |
| Shares outstanding |  | 706.7460 | 706.7460 | 20 319.9570 |
| Net asset value per share in USD |  | 126.35 | 122.55 | 115.91 |
| Issue and redemption price per share in USD 1 |  | 126.35 | 122.55 | 115.91 |
| Class (EUR hedged) I-B-acc | LU0965046831 |  |  |  |
| Shares outstanding |  | 72 417.8870 | 104 525.3870 | 286 776.1990 |
| Net asset value per share in EUR |  | 112.08 | 110.20 | 107.31 |
| Issue and redemption price per share in EUR 1 |  | 112.08 | 110.20 | 107.31 |
| Class I-X-acc | LU0912930210 |  |  |  |
| Shares outstanding |  | 513 465.1910 | 569 708.2820 | 259 502.9440 |
| Net asset value per share in USD |  | 121.71 | 118.02 | 111.56 |
| Issue and redemption price per share in USD 1 |  | 121.71 | 118.02 | 111.56 |
| Class (EUR hedged) I-X-acc | LU1822788235 |  |  |  |
| Shares outstanding |  | 224 982.3670 | 355 901.8440 | 100.0000 |
| Net asset value per share in EUR |  | 104.66 | 102.88 | 100.11 |
| Issue and redemption price per share in EUR 1 |  | 104.66 | 102.88 | 100.11 |
| Class I-X-UKdist | LU1336831943 |  |  |  |
| Shares outstanding |  | 73 328.5190 | 72 575.9610 | 72 054.9300 |
| Net asset value per share in USD |  | 100.12 | 102.64 | 102.49 |
| Issue and redemption price per share in USD 1 |  | 100.12 | 102.64 | 102.49 |
| Class (EUR hedged) K-1-acc | LU0599212312 |  |  |  |
| Shares outstanding |  | 0.4000 | 0.4000 | 0.5000 |
| Net asset value per share in EUR |  | 3 658 227.53 | 3 609 344.88 | 3 538 245.48 |
| Issue and redemption price per share in EUR 1 |  | 3 658 227.53 | 3 609 344.88 | 3 538 245.48 |
| Class K-1-dist 2 | LU0784638487 |  |  |  |
| Shares outstanding |  | - | - | 1.5000 |
| Net asset value per share in USD |  | - | - | 4 518 791.30 |
| Issue and redemption price per share in USD 1 |  | - | - | 4 518 791.30 |
| Class K-X-acc | LU1525457625 |  |  |  |
| Shares outstanding |  | 152 138.0510 | 152 138.0510 | 229 951.9020 |
| Net asset value per share in USD |  | 115.32 | 111.84 | 105.76 |
| Issue and redemption price per share in USD 1 |  | 115.32 | 111.84 | 105.76 |
| Class (EUR hedged) K-X-acc 3 | LU1856010993 |  |  |  |
| Shares outstanding |  | 15 934.1110 | 16 375.3740 | - |
| Net asset value per share in EUR |  | 104.13 | 102.36 | - |
| Issue and redemption price per share in EUR 1 |  | 104.13 | 102.36 | - |
| Class (EUR hedged) N-dist | LU0843236083 |  |  |  |
| Shares outstanding |  | 25 858.5540 | 23 148.6840 | 31 609.1550 |
| Net asset value per share in EUR |  | 79.78 | 82.26 | 84.63 |
| Issue and redemption price per share in EUR 1 |  | 79.78 | 82.26 | 84.63 |

UBS (Lux) Bond SICAV – Short Duration High Yield Sustainable (USD)
Semi-Annual Report as of 30 November 2019
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class P-acc | LU0577855355 |  |  |  |
| Shares outstanding |  | 657 725.8170 | 718 688.3460 | 936 372.0200 |
| Net asset value per share in USD |  | 127.67 | 124.60 | 119.32 |
| Issue and redemption price per share in USD 1 |  | 127.67 | 124.60 | 119.32 |
| Class (CHF hedged) P-acc | LU0577855785 |  |  |  |
| Shares outstanding |  | 446 982.8390 | 489 348.4600 | 669 564.3330 |
| Net asset value per share in CHF |  | 112.00 | 111.05 | 109.92 |
| Issue and redemption price per share in CHF 1 |  | 112.00 | 111.05 | 109.92 |
| Class (EUR hedged) P-acc | LU0577855942 |  |  |  |
| Shares outstanding |  | 827 364.3690 | 898 797.0720 | 1 218 386.1600 |
| Net asset value per share in EUR |  | 116.98 | 115.74 | 114.10 |
| Issue and redemption price per share in EUR 1 |  | 116.98 | 115.74 | 114.10 |
| Class P-mdist | LU0590765581 |  |  |  |
| Shares outstanding |  | 129 566.7390 | 131 028.7020 | 236 068.3160 |
| Net asset value per share in USD |  | 82.29 | 82.38 | 82.42 |
| Issue and redemption price per share in USD 1 |  | 82.29 | 82.38 | 82.42 |
| Class (AUD hedged) P-mdist 4 | LU0784638644 |  |  |  |
| Shares outstanding |  | - | - | 33 017.0210 |
| Net asset value per share in AUD |  | - | - | 85.91 |
| Issue and redemption price per share in AUD 1 |  | - | - | 85.91 |
| Class (SGD hedged) P-mdist 4 | LU0590766043 |  |  |  |
| Shares outstanding |  | - | - | 31 716.7470 |
| Net asset value per share in SGD |  | - | - | 82.18 |
| Issue and redemption price per share in SGD 1 |  | - | - | 82.18 |
| Class (EUR hedged) P-qdist | LU1669357847 |  |  |  |
| Shares outstanding |  | 5 375.6600 | 5 713.0740 | 125.0450 |
| Net asset value per share in EUR |  | 92.81 | 93.77 | 96.46 |
| Issue and redemption price per share in EUR 1 |  | 92.81 | 93.77 | 96.46 |
| Class Q-acc | LU1240776721 |  |  |  |
| Shares outstanding |  | 402 326.4160 | 389 721.2880 | 453 256.1640 |
| Net asset value per share in USD |  | 114.90 | 111.84 | 106.53 |
| Issue and redemption price per share in USD 1 |  | 114.90 | 111.84 | 106.53 |
| Class (CHF hedged) Q-acc | LU1240776218 |  |  |  |
| Shares outstanding |  | 291 085.6000 | 314 993.9060 | 432 252.6040 |
| Net asset value per share in CHF |  | 103.22 | 102.07 | 100.49 |
| Issue and redemption price per share in CHF 1 |  | 103.22 | 102.07 | 100.49 |
| Class (EUR hedged) Q-acc | LU0577855512 |  |  |  |
| Shares outstanding |  | 346 709.1960 | 425 382.6140 | 495 279.6810 |
| Net asset value per share in EUR |  | 124.04 | 122.40 | 120.01 |
| Issue and redemption price per share in EUR 1 |  | 124.04 | 122.40 | 120.01 |
| Class Q-dist | LU0803109510 |  |  |  |
| Shares outstanding |  | 11 099.9710 | 18 157.9710 | 32 252.1960 |
| Net asset value per share in USD |  | 87.80 | 89.58 | 89.44 |
| Issue and redemption price per share in USD 1 |  | 87.80 | 89.58 | 89.44 |
| Class Q-mdist | LU1240776994 |  |  |  |
| Shares outstanding | 22 213.2290 | 25 620.7960 | 23 336.5080 |
| Net asset value per share in USD | 95.58 | 95.44 | 94.97 |
| Issue and redemption price per share in USD 1 | 95.58 | 95.44 | 94.97 |
| 1  See note 1 2  The share class K-1-dist was in circulation until 24.1.2019 3  First NAV: 2.11.2018 4  The share classes (AUD hedged) P-mdist and (SGD hedged) P-mdist were in circulation until 20.2.2019 |  |  |  |

UBS (Lux) Bond SICAV – Short Duration High Yield Sustainable (USD) Semi-Annual Report as of 30 November 2019

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| United States | 75.43 |
| --- | --- |
| Canada | 9.18 |
| The Netherlands | 3.62 |
| United Kingdom | 3.54 |
| Luxembourg | 1.96 |
| Cayman Islands | 0.92 |
| Ireland | 0.92 |
| Total | 95.57 |

Economic Breakdown as a % of net assets	
| Finance & holding companies | 26.18 |
| --- | --- |
| Telecommunications | 8.36 |
| Petroleum | 5.59 |
| Lodging, catering & leisure | 4.57 |
| Internet, software & IT services | 4.56 |
| Building industry & materials | 3.81 |
| Mining, coal & steel | 3.58 |
| Packaging industry | 3.08 |
| Healthcare & social services | 2.72 |
| Pharmaceuticals, cosmetics & medical products | 2.50 |
| Forestry, paper & pulp products | 2.47 |
| Mechanical engineering & industrial equipment | 2.35 |
| Miscellaneous services | 2.34 |
| Electronics & semiconductors | 2.23 |
| Real Estate | 1.82 |
| Food & soft drinks | 1.68 |
| Banks & credit institutions | 1.66 |
| Energy & water supply | 1.63 |
| Chemicals | 1.60 |
| Non-ferrous metals | 1.52 |
| Traffic & transportation | 1.42 |
| Graphic design, publishing & media | 1.31 |
| Computer hardware & network equipment providers | 1.27 |
| Tobacco & alcohol | 1.08 |
| Miscellaneous unclassified companies | 1.04 |
| Aerospace industry | 0.86 |
| Electrical devices & components | 0.79 |
| Environmental services & recycling | 0.75 |
| Precious metals & stones | 0.73 |
| Vehicles | 0.69 |
| Rubber & tyres | 0.45 |
| Retail trade, department stores | 0.40 |
| Miscellaneous consumer goods | 0.33 |
| Countries & central governments | 0.20 |
| Total | 95.57 |

UBS (Lux) Bond SICAV – Short Duration High Yield Sustainable (USD)
Semi-Annual Report as of 30 November 2019

## Statement of Net Assets
Assets	30.11.2019
USD
Investments in securities, cost	540 404 751.31
| Investments in securities, unrealized appreciation (depreciation) | 	-6 583 331.27	 |
| --- | --- |
| Total investments in securities (Note 1) | 533 821 420.04 |
| Cash at banks, deposits on demand and deposit accounts | 10 525 620.74 |
| Receivable on securities sales (Note 1) | 5 706 446.47 |
| Receivable on subscriptions | 3 409 490.41 |
| Interest receivable on securities | 7 786 473.26 |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | -2 110 616.99 |
| Total Assets | 559 138 833.93 |
|  |  |
| Liabilities |  |
| Bank overdraft | -1 594.39 |
| Interest payable on bank overdraft | -4.76 |
| Payable on redemptions | -321 231.59 |
| Provisions for flat fee (Note 2) | -173 952.97 |
| Provisions for taxe d’abonnement (Note 3) | -35 294.19 |
| Provisions for other commissions and fees (Note 2) | 	-48 065.30	 |
| Total provisions | -257 312.46 |
| Total Liabilities | -580 143.20 |
|  |  |
| Net assets at the end of the period | 558 558 690.73 |
| Statement of Operations | USD |
| Income | 1.6.2019-30.11.2019 |
| Interest on liquid assets | 44 768.97 |
| Interest on securities | 15 222 763.32 |
| Interest received on swaps (Note 1) | 200 000.00 |
| Total income | 15 467 532.29 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -117 259.30 |
| Flat fee (Note 2) | -2 296 338.01 |
| Taxe d’abonnement (Note 3) | -109 160.45 |
| Other commissions and fees (Note 2) | -33 296.07 |
| Interest on cash and bank overdraft | -8 259.43 |
| Total expenses | -2 564 313.26 |
|  |  |
| Net income (loss) on investments | 12 903 219.03 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | -4 007 990.68 |
| Realized gain (loss) on options | 270 250.00 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | 13 166.67 |
| Realized gain (loss) on financial futures | 78 313.95 |
| Realized gain (loss) on forward foreign exchange contracts | -6 773 903.29 |
| Realized gain (loss) on swaps | 651 298.09 |
| Realized gain (loss) on foreign exchange | 2 462 615.98 |
| Total realized gain (loss) | -7 306 249.28 |
|  |  |
| Net realized gain (loss) of the period | 5 596 969.75 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 5 992 135.00 |
| Unrealized appreciation (depreciation) on options | 92 214.00 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | 25 364.99 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -2 106 470.65 |
| Unrealized appreciation (depreciation) on swaps | -333 005.33 |
| Total changes in unrealized appreciation (depreciation) | 3 670 238.01 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 9 267 207.76 |

UBS (Lux) Bond SICAV – Short Duration High Yield Sustainable (USD) Semi-Annual Report as of 30 November 2019
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-30.11.2019 |
| Net assets at the beginning of the period | 607 137 667.02 |
| Subscriptions | 65 349 600.53 |
| Redemptions | 	-122 320 449.56	 |
| Total net subscriptions (redemptions) | -56 970 849.03 |
| Dividend paid | -875 335.02 |
| Net income (loss) on investments | 12 903 219.03 |
| Total realized gain (loss) | -7 306 249.28 |
| Total changes in unrealized appreciation (depreciation) | 	3 670 238.01	 |
| Net increase (decrease) in net assets as a result of operations | 9 267 207.76 |
| Net assets at the end of the period | 558 558 690.73 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2019-30.11.2019 |
| Class | (CHF hedged) F-acc |
| Number of shares outstanding at the beginning of the period | 400.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 400.0000 |
| Class | (EUR hedged) F-acc |
| Number of shares outstanding at the beginning of the period | 94 493.0000 |
| Number of shares issued | 2 500.0000 |
| Number of shares redeemed | -740.0000 |
| Number of shares outstanding at the end of the period | 96 253.0000 |
| Class | I-A1-acc |
| Number of shares outstanding at the beginning of the period | 67 275.9230 |
| Number of shares issued | 10 054.6970 |
| Number of shares redeemed | -1 576.3420 |
| Number of shares outstanding at the end of the period | 75 754.2780 |
| Class | (CHF hedged) I-A1-acc |
| Number of shares outstanding at the beginning of the period | 74 464.8520 |
| Number of shares issued | 2 747.8200 |
| Number of shares redeemed | -8 747.5220 |
| Number of shares outstanding at the end of the period | 68 465.1500 |
| Class | I-A2-acc |
| Number of shares outstanding at the beginning of the period | 65 136.4540 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -63 788.8000 |
| Number of shares outstanding at the end of the period | 1 347.6540 |
| Class | (EUR hedged) I-A2-acc |
| Number of shares outstanding at the beginning of the period | 90 923.4790 |
| Number of shares issued | 98 148.5000 |
| Number of shares redeemed | -8 471.6560 |
| Number of shares outstanding at the end of the period | 180 600.3230 |
| Class | I-B-acc |
| Number of shares outstanding at the beginning of the period | 706.7460 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 706.7460 |
| Class | (EUR hedged) I-B-acc |
| Number of shares outstanding at the beginning of the period | 104 525.3870 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -32 107.5000 |
| Number of shares outstanding at the end of the period | 72 417.8870 |
| Class | I-X-acc |
| Number of shares outstanding at the beginning of the period | 569 708.2820 |
| Number of shares issued | 201 637.6660 |
| Number of shares redeemed | -257 880.7570 |
| Number of shares outstanding at the end of the period | 513 465.1910 |
| Class | (EUR hedged) I-X-acc |
| Number of shares outstanding at the beginning of the period | 355 901.8440 |
| Number of shares issued | 0.0010 |
| Number of shares redeemed | -130 919.4780 |
| Number of shares outstanding at the end of the period | 224 982.3670 |
| Class | I-X-UKdist |
| Number of shares outstanding at the beginning of the period | 72 575.9610 |
| Number of shares issued | 752.5580 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 73 328.5190 |
| Class | (EUR hedged) K-1-acc |
| Number of shares outstanding at the beginning of the period | 0.4000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 0.4000 |

UBS (Lux) Bond SICAV – Short Duration High Yield Sustainable (USD)
Semi-Annual Report as of 30 November 2019
| Class | K-X-acc |
| --- | --- |
| Number of shares outstanding at the beginning of the period | 152 138.0510 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 152 138.0510 |
| Class | (EUR hedged) K-X-acc |
| Number of shares outstanding at the beginning of the period | 16 375.3740 |
| Number of shares issued | 78 040.8890 |
| Number of shares redeemed | -78 482.1520 |
| Number of shares outstanding at the end of the period | 15 934.1110 |
| Class | (EUR hedged) N-dist |
| Number of shares outstanding at the beginning of the period | 23 148.6840 |
| Number of shares issued | 3 684.8710 |
| Number of shares redeemed | -975.0010 |
| Number of shares outstanding at the end of the period | 25 858.5540 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 718 688.3460 |
| Number of shares issued | 17 332.0550 |
| Number of shares redeemed | -78 294.5840 |
| Number of shares outstanding at the end of the period | 657 725.8170 |
| Class | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 489 348.4600 |
| Number of shares issued | 3 457.4720 |
| Number of shares redeemed | -45 823.0930 |
| Number of shares outstanding at the end of the period | 446 982.8390 |
| Class | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 898 797.0720 |
| Number of shares issued | 32 932.2320 |
| Number of shares redeemed | -104 364.9350 |
| Number of shares outstanding at the end of the period | 827 364.3690 |
| Class | P-mdist |
| Number of shares outstanding at the beginning of the period | 131 028.7020 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -1 461.9630 |
| Number of shares outstanding at the end of the period | 129 566.7390 |
| Class | (EUR hedged) P-qdist |
| Number of shares outstanding at the beginning of the period | 5 713.0740 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -337.4140 |
| Number of shares outstanding at the end of the period | 5 375.6600 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 389 721.2880 |
| Number of shares issued | 32 130.2060 |
| Number of shares redeemed | -19 525.0780 |
| Number of shares outstanding at the end of the period | 402 326.4160 |
| Class | (CHF hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 314 993.9060 |
| Number of shares issued | 2 782.2110 |
| Number of shares redeemed | -26 690.5170 |
| Number of shares outstanding at the end of the period | 291 085.6000 |
| Class | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 425 382.6140 |
| Number of shares issued | 50 703.8650 |
| Number of shares redeemed | -129 377.2830 |
| Number of shares outstanding at the end of the period | 346 709.1960 |
| Class | Q-dist |
| Number of shares outstanding at the beginning of the period | 18 157.9710 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -7 058.0000 |
| Number of shares outstanding at the end of the period | 11 099.9710 |
| Class | Q-mdist |
| Number of shares outstanding at the beginning of the period | 25 620.7960 |
| Number of shares issued | 2 084.8530 |
| Number of shares redeemed | -5 492.4200 |
| Number of shares outstanding at the end of the period | 22 213.2290 |

UBS (Lux) Bond SICAV – Short Duration High Yield Sustainable (USD) Semi-Annual Report as of 30 November 2019
| Annual Distribution 1 |  |
| --- | --- |
| UBS (Lux) Bond SICAV |  |  |  |  |
| – Short Duration High Yield Sustainable (USD)* | Ex-Date | Pay-Date | Currency | Amount per share |
| I-X-UKdist | 17.6.2019 | 20.6.2019 | USD | 5.51 |
| I-X-UKdist | 27.8.2019 | 30.8.2019 | USD | 0.09 |
| (EUR hedged) N-dist | 1.8.2019 | 6.8.2019 | EUR | 3.15 |
| Q-dist | 1.8.2019 | 6.8.2019 | USD | 4.20 |
| Quarterly Distribution 1 |  |  |  |  |
| UBS (Lux) Bond SICAV |  |  |  |  |
| – Short Duration High Yield Sustainable (USD)* | Ex-Date | Pay-Date | Currency | Amount per share |
| (EUR hedged) P-qdist | 15.7.2019 | 18.7.2019 | EUR | 0.97 |
| (EUR hedged) P-qdist | 15.10.2019 | 18.10.2019 | EUR | 0.99 |
| Monthly Distribution 1 |  |  |  |  |
| UBS (Lux) Bond SICAV |  |  |  |  |
| – Short Duration High Yield Sustainable (USD)* | Ex-Date | Pay-Date | Currency | Amount per share |
| P-mdist | 17.6.2019 | 20.6.2019 | USD | 0.35 |
| P-mdist | 15.7.2019 | 18.7.2019 | USD | 0.35 |
| P-mdist | 16.8.2019 | 21.8.2019 | USD | 0.35 |
| P-mdist | 16.9.2019 | 19.9.2019 | USD | 0.35 |
| P-mdist | 15.10.2019 | 18.10.2019 | USD | 0.35 |
| P-mdist | 15.11.2019 | 20.11.2019 | USD | 0.35 |
| Q-mdist | 17.6.2019 | 20.6.2019 | USD | 0.41 |
| Q-mdist | 15.7.2019 | 18.7.2019 | USD | 0.41 |
| Q-mdist | 16.8.2019 | 21.8.2019 | USD | 0.41 |
| Q-mdist | 16.9.2019 | 19.9.2019 | USD | 0.41 |
| Q-mdist | 15.10.2019 | 18.10.2019 | USD | 0.41 |
| Q-mdist | 15.11.2019 | 20.11.2019 | USD | 0.41 |
| 1  See note 5 * formerly UBS (Lux) Bond SICAV – Short Duration High Yield (USD) |  |  |  |  |

UBS (Lux) Bond SICAV – Short Duration High Yield Sustainable (USD)
Semi-Annual Report as of 30 November 2019

## Statement of Investments in Securities and other Net Assets as of 30 November 2019
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	INTERNATIONAL GAME TECHNOLOGY PLC-REG-S 4.75000% 15-15.02.23 | 3 695 000.00 | 4 465 221.27 | 0.80 |
| EUR	VALEANT PHARMACEUTICALS INTL-REG-S 4.50000% 15-15.05.23 | 1 700 000.00 | 1 897 850.25 | 0.34 |
| Total EUR |  | 6 363 071.52 | 1.14 |
| USD |  |  |  |
| USD	ALLY FINANCIAL INC 4.12500% 15-30.03.20 | 6 930 000.00 | 6 955 987.50 | 1.24 |
| USD	ALTICE FINCO SA-144A 8.12500% 13-15.01.24 | 3 700 000.00 | 3 811 000.00 | 0.68 |
| USD	ARCELORMITTAL STEP-UP/DOWN 11-01.03.21 | 2 155 000.00 | 2 236 743.24 | 0.40 |
| USD	ARCONIC INC 5.40000% 11-15.04.21 | 4 900 000.00 | 5 050 455.48 | 0.90 |
| USD	ARCONIC INC 5.87000% 07-23.02.22 | 3 200 000.00 | 3 416 224.00 | 0.61 |
| USD	BALL CORP 4.00000% 13-15.11.23 | 1 675 000.00 | 1 750 375.00 | 0.31 |
| USD	BALL CORP 4.37500% 15-15.12.20 | 6 950 000.00 | 7 089 000.00 | 1.27 |
| USD	BARCLAYS BANK PLC-144A-SUB 10.17900% 09-12.06.21 | 2 325 000.00 | 2 592 182.72 | 0.46 |
| USD	BED BATH & BEYOND INC 3.74900% 14-01.08.24 | 2 305 000.00 | 2 264 662.50 | 0.41 |
| USD	BOMBARDIER INC-144A 8.75000% 16-01.12.21 | 5 550 000.00 | 6 007 875.00 | 1.08 |
| USD	CABLEVISION SYSTEMS CORP 5.87500% 12-15.09.22 | 4 100 000.00 | 4 417 750.00 | 0.79 |
| USD	CENTURYLINK INC 5.62500% 13-01.04.20 | 2 485 000.00 | 2 510 073.65 | 0.45 |
| USD	CENTURYLINK INC 6.45000% 11-15.06.21 | 10 000 000.00 | 10 500 000.00 | 1.88 |
| USD	CENTURYLINK INC 6.75000% 13-01.12.23 | 2 310 000.00 | 2 569 875.00 | 0.46 |
| USD	CREDIT ACCEPTANCE CORP 6.12500% 14-15.02.21 | 3 795 000.00 | 3 813 975.00 | 0.68 |
| USD	FRESENIUS MEDICAL CARE US FINANCE-144A 5.75000% 11-15.02.21 | 2 105 000.00 | 2 185 626.55 | 0.39 |
| USD	GANNETT CO INC 6.37500% 13-15.10.23 | 1 715 000.00 | 1 768 593.75 | 0.32 |
| USD	GOODYEAR TIRE & RUBBER CO/THE 8.75000% 10-15.08.20 | 2 400 000.00 | 2 502 000.00 | 0.45 |
| USD	HCA HEALTHCARE INC 6.25000% 12-15.02.21 | 4 375 000.00 | 4 582 812.50 | 0.82 |
| USD	INTERNATIONAL GAME TECHNOLOGY PLC-144A 6.25000% 15-15.02.22 | 4 690 000.00 | 4 947 950.00 | 0.89 |
| USD	IRON MOUNTAIN INC 6.00000% 13-15.08.23 | 1 500 000.00 | 1 538 670.00 | 0.28 |
| USD	KB HOME 7.00000% 13-15.12.21 | 5 000 000.00 | 5 393 750.00 | 0.97 |
| USD	LENNAR CORP 4.75000% 16-01.04.21 | 1 655 000.00 | 1 694 306.25 | 0.30 |
| USD	M/I HOMES INC 6.75000% 15-15.01.21 | 2 125 000.00 | 2 132 968.75 | 0.38 |
| USD	MGM RESORTS INTL 7.75000% 12-15.03.22 | 2 100 000.00 | 2 354 625.00 | 0.42 |
| USD	NEWFIELD EXPLORATION CO 5.75000% 11-30.01.22 | 2 750 000.00 | 2 920 906.45 | 0.52 |
| USD	NUSTAR LOGISTICS LP 4.80000% 10-01.09.20 | 5 375 000.00 | 5 413 632.81 | 0.97 |
| USD	QUESTAR MARKET RESOURCES INC 6.87500% 10-01.03.21 | 3 300 000.00 | 3 346 860.00 | 0.60 |
| USD	REYNOLDS GROUP INC/LLC/LUX 5.75000% 12-15.10.20 | 6 200 000.00 | 6 015 677.98 | 1.08 |
| USD	RHP HOTEL PROPERTIES/RHP FINANCE 5.00000% 15-15.04.23 | 3 200 000.00 | 3 272 000.00 | 0.59 |
| USD	SEALED AIR CORP-144A 5.12500% 14-01.12.24 | 3 000 000.00 | 3 236 250.00 | 0.58 |
| USD	SM ENERGY CO 6.12500% 15-15.11.22 | 3 350 000.00 | 3 266 250.00 | 0.58 |
| USD	SPRINGLEAF FINANCE CORP 7.75000% 13-01.10.21 | 3 980 000.00 | 4 348 150.00 | 0.78 |
| USD	SPRINGLEAF FINANCE CORP 5.62500% 17-15.03.23 | 4 450 000.00 | 4 767 062.50 | 0.85 |
| USD	SPRINT NEXTEL CORP 7.00000% 12-15.08.20 | 9 950 000.00 | 10 188 203.00 | 1.82 |
| USD	STEEL DYNAMICS INC 5.12500% 15-01.10.21 | 3 285 000.00 | 3 298 140.00 | 0.59 |
| USD	T-MOBILE USA INC 4.00000% 17-15.04.22 | 4 399 000.00 | 4 530 970.00 | 0.81 |
| USD	TECK RESOURCES LTD 4.75000% 11-15.01.22 | 7 375 000.00 | 7 613 809.87 | 1.36 |
| USD	TOLL BROTHERS FINANCE CORP 4.37500% 13-15.04.23 | 2 405 000.00 | 2 507 212.50 | 0.45 |
| USD	TRI POINTE GROUP INC 4.87500% 16-01.07.21 | 4 600 000.00 | 4 703 500.00 | 0.84 |
| USD	WILLIAMS COMPANIES INC 7.87500% 01-01.09.21 | 1 005 000.00 | 1 098 169.63 | 0.20 |
| USD	WYNDHAM WORLDWIDE CORP 5.62500% 11-01.03.21 | 2 575 000.00 | 2 665 125.00 | 0.48 |
| USD	WYNDHAM WORLDWIDE CORP 3.90000% 13-01.03.23 | 1 300 000.00 | 1 319 500.00 | 0.24 |
| Total USD |  | 168 598 901.63 | 30.18 |
| Total Notes, fixed rate |  | 174 961 973.15 | 31.32 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	WYNDHAM WORLDWIDE CORP STEP UP/RATING LINKED 17-01.04.24 | 1 200 000.00 | 1 269 000.00 | 0.23 |
| Total USD |  | 1 269 000.00 | 0.23 |
| Total Notes, floating rate |  | 1 269 000.00 | 0.23 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	NAVIENT CORP 8.00000% 10-25.03.20 | 1 051 000.00 | 1 065 787.57 | 0.19 |
| Total USD |  | 1 065 787.57 | 0.19 |
| Total Medium term notes, fixed rate |  | 1 065 787.57 | 0.19 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ALLY FINANCIAL INC 4.62500% 15-19.05.22 | 12 550 000.00 | 13 120 720.04 | 2.35 |
| USD	ENERGY TRANSFER OPERATING LP 7.50000% 19-15.10.20 | 5 955 000.00 | 6 216 222.63 | 1.11 |
| Total USD |  | 19 336 942.67 | 3.46 |
| Total Bonds, fixed rate |  | 19 336 942.67 | 3.46 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 1.75000% 19-31.07.24 | 1 100 000.00 | 1 105 843.75 | 0.20 |
| Total USD |  | 1 105 843.75 | 0.20 |
| Total Treasury notes, fixed rate |  | 1 105 843.75 | 0.20 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 197 739 547.14 | 35.40 |
| UBS (Lux) Bond SICAV – Short Duration High Yield Sustainable (USD) |  |  |  |
| Semi-Annual Report as of 30 November 2019 |  |  |  |

| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments traded on another regulated market Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ALBERTSONS COS LLC / SAFEWAY INC 6.62500% 17-15.06.24 | 1 800 000.00 | 1 888 236.00 | 0.34 |
| USD	ALCOA NEDERLAND HOLDING BV-144A 6.75000% 16-30.09.24 | 2 800 000.00 | 2 947 000.00 | 0.53 |
| USD	AMERICAN AIRLINES GROUP INC-144A 5.00000% 19-01.06.22 | 3 000 000.00 | 3 134 400.00 | 0.56 |
| USD	ANTERO RESOURCES CORP 5.37500% 14-01.11.21 | 7 286 000.00 | 6 730 442.50 | 1.21 |
| USD	ARDAGH PACKAGING FINANCE/MP-144A 4.25000% 17-15.09.22 | 5 065 000.00 | 5 128 312.50 | 0.92 |
| USD	BUILDERS FIRSTSOURCE INC-144A 5.62500% 16-01.09.24 | 1 567 000.00 | 1 629 680.00 | 0.29 |
| USD	CALPINE CORP-144A 6.00000% 13-15.01.22 | 4 607 000.00 | 4 612 666.61 | 0.83 |
| USD	CASCADES INC-144A 5.50000% 14-15.07.22 | 10 462 000.00 | 10 621 022.40 | 1.90 |
| USD	CASCADES INC-144A 5.75000% 15-15.07.23 | 3 094 000.00 | 3 171 350.00 | 0.57 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP 5.25000% 12-30.09.22 | 5 000 000.00 | 5 068 750.00 | 0.91 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 5.87500% 16-01.04.24 | 4 200 000.00 | 4 378 500.00 | 0.78 |
| USD	CHENIERE CORPUS CHRISTI HLDGS LLC 7.00000% 17-30.06.24 | 2 500 000.00 | 2 868 350.00 | 0.51 |
| USD	CINEMARK USA INC 5.12500% 13-15.12.22 | 4 000 000.00 | 4 040 000.00 | 0.72 |
| USD	COGENT COMMUNICATIONS GROUP INC-144A 5.37500% 15-01.03.22 | 1 700 000.00 | 1 772 250.00 | 0.32 |
| USD	COMMSCOPE FINANCE LLC-144A 5.50000% 19-01.03.24 | 2 425 000.00 | 2 518 968.75 | 0.45 |
| USD	COMMSCOPE INC-144A 5.00000% 14-15.06.21 | 932 000.00 | 932 000.00 | 0.17 |
| USD	CONTINENTAL RESOURCES INC 5.00000% 12-15.09.22 | 4 009 000.00 | 4 031 802.79 | 0.72 |
| USD	CSC HOLDINGS LLC-144A 5.37500% 18-15.07.23 | 6 800 000.00 | 6 985 880.72 | 1.25 |
| USD	DCP MIDSTREAM OPERATING LP-144A 5.35000% 10-15.03.20 | 4 610 000.00 | 4 627 287.50 | 0.83 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 5.87500% 16-15.06.21 | 4 677 000.00 | 4 747 155.00 | 0.85 |
| USD	GFL ENVIRONMENTAL INC-144A 5.62500% 17-01.05.22 | 4 144 000.00 | 4 175 080.00 | 0.75 |
| USD	GLP CAPITAL LP / GLP FINANC II INC 4.37500% 16-15.04.21 | 4 585 000.00 | 4 674 820.15 | 0.84 |
| USD	GRAY TELEVISION INC-144A 5.12500% 16-15.10.24 | 2 900 000.00 | 3 008 750.00 | 0.54 |
| USD	HCA INC 5.87500% 12-01.05.23 | 5 175 000.00 | 5 705 437.49 | 1.02 |
| USD	HECLA MINING CO 6.87500% 13-01.05.21 | 4 145 000.00 | 4 103 550.00 | 0.73 |
| USD	IRON MOUNTAIN INC-144A 4.37500% 16-01.06.21 | 3 650 000.00 | 3 672 812.50 | 0.66 |
| USD	JBS USA LLC/JBS USA FINANCE INC-144A 5.87500% 14-15.07.24 | 7 270 000.00 | 7 474 941.30 | 1.34 |
| USD	LADDER CAPITAL FIN HLDG LLLP/CORP-144A 5.87500% 14-01.08.21 | 2 299 000.00 | 2 341 439.54 | 0.42 |
| USD	LEIDOS HOLDINGS INC 4.45000% 11-01.12.20 | 7 000 000.00 | 7 101 220.00 | 1.27 |
| USD	LENNAR CORP 6.25000% 18-15.12.21 | 3 590 000.00 | 3 782 962.50 | 0.68 |
| USD	LEVEL 3 FINANCING INC 5.62500% 15-01.02.23 | 4 750 000.00 | 4 767 812.50 | 0.85 |
| USD	LEVEL 3 FINANCING INC 5.37500% 14-15.08.22 | 1 470 000.00 | 1 475 512.50 | 0.26 |
| USD	MASCO CORP 3.50000% 16-01.04.21 | 4 775 000.00 | 4 843 247.65 | 0.87 |
| USD	MATTEL INC 3.15000% 13-15.03.23 | 1 923 000.00 | 1 874 925.00 | 0.34 |
| USD	MEDIACOM BROADBAND LLC/CORP 5.50000% 14-15.04.21 | 1 475 000.00 | 1 475 000.00 | 0.26 |
| USD	MGM RESORTS INTL 6.00000% 14-15.03.23 | 6 950 000.00 | 7 645 000.00 | 1.37 |
| USD	NAVIENT CORP 6.62500% 16-26.07.21 | 2 700 000.00 | 2 862 027.00 | 0.51 |
| USD	NCL CORP LTD-144A 4.75000% 16-15.12.21 | 6 135 000.00 | 6 211 687.50 | 1.11 |
| USD	NCR CORP 5.00000% 13-15.07.22 | 5 520 000.00 | 5 573 820.00 | 1.00 |
| USD	NETFLIX INC 5.50000% 15-15.02.22 | 4 425 000.00 | 4 673 817.75 | 0.84 |
| USD	NETFLIX INC 5.75000% 14-01.03.24 | 1 575 000.00 | 1 742 997.38 | 0.31 |
| USD	NEW ENTERPRISE STONE&LIME CO INC-144A 10.12500% 17-01.04.22 | 3 050 000.00 | 3 206 312.50 | 0.57 |
| USD	NEXSTAR BROADCASTING INC-144A 5.62500% 16-01.08.24 | 1 000 000.00 | 1 042 500.00 | 0.19 |
| USD	NIELSEN CO LUXEMBOURG SARL/THE-144A 5.50000% 13-01.10.21 | 1 970 000.00 | 1 972 462.50 | 0.35 |
| USD	NIELSEN FINANCE LLC/CO-144A 5.00000% 14-15.04.22 | 7 100 000.00 | 7 144 375.00 | 1.28 |
| USD	NOVA CHEMICALS CORP-144A 5.25000% 13-01.08.23 | 4 095 000.00 | 4 125 712.49 | 0.74 |
| USD	NUSTAR LOGISTICS LP 6.75000% 13-01.02.21 | 200 000.00 | 206 820.00 | 0.04 |
| USD	NXP BV / NXP FUNDING LLC-144A 4.12500% 16-01.06.21 | 12 164 000.00 | 12 467 570.86 | 2.23 |
| USD	OASIS PETROLEUM INC 6.87500% 14-15.03.22 | 2 704 000.00 | 2 526 550.00 | 0.45 |
| USD	OI EUROPEAN GROUP BV-144A 4.00000% 17-15.03.23 | 4 810 000.00 | 4 797 975.00 | 0.86 |
| USD	OWENS-BROCKWAY GLASS CONTAINER INC-144A 5.87500% 15-15.08.23 | 5 315 000.00 | 5 627 256.25 | 1.01 |
| USD	PARTY CITY HOLDINGS INC-144A 6.12500% 15-15.08.23 | 7 304 000.00 | 5 587 560.00 | 1.00 |
| USD	PENSKE AUTOMOTIVE GROUP INC-SUB 3.75000% 17-15.08.20 | 720 000.00 | 722 700.00 | 0.13 |
| USD	PRESTIGE BRANDS INC-144A 5.37500% 13-15.12.21 | 3 965 000.00 | 3 967 379.00 | 0.71 |
| USD	PRESTIGE BRANDS INC-144A 6.37500% 16-01.03.24 | 840 000.00 | 874 650.00 | 0.16 |
| USD	REALOGY GROUP/CO ISSUER-144A 5.25000% 14-01.12.21 | 3 300 000.00 | 3 324 750.00 | 0.60 |
| USD	SCIENTIFIC GAMES INTERNATIONAL-SUB 6.25000% 12-01.09.20 | 3 865 000.00 | 3 868 865.00 | 0.69 |
| USD	SCIENTIFIC GAMES INTERNATIONAL-SUB 6.62500% 15-15.05.21 | 3 875 000.00 | 3 928 281.25 | 0.70 |
| USD	SCIENTIFIC GAMES INTERNATIONAL 10.00000% 14-01.12.22 | 1 375 000.00 | 1 411 437.50 | 0.25 |
| USD	SCIENTIFIC GAMES INTERNATIONAL-144A 5.00000% 17-15.10.25 | 4 100 000.00 | 4 282 573.00 | 0.77 |
| USD	SERVICE CORP INTERNATIONAL 8.00000% 09-15.11.21 | 1 495 000.00 | 1 640 762.50 | 0.29 |
| USD	SERVICE CORP INTERNATIONAL/US 5.37500% 14-15.05.24 | 2 675 000.00 | 2 755 250.00 | 0.49 |
| USD	SIRIUS XM RADIO INC-144A 3.87500% 17-01.08.22 | 3 683 000.00 | 3 756 660.00 | 0.67 |
| USD	SIRIUS XM RADIO INC-144A 4.62500% 19-15.07.24 | 3 685 000.00 | 3 860 037.50 | 0.69 |
| USD	SPRINGLEAF FINANCE CORP 6.12500% 17-15.05.22 | 1 600 000.00 | 1 720 000.00 | 0.31 |
| USD	SPRINT CORP 7.25000% 14-15.09.21 | 3 500 000.00 | 3 711 750.00 | 0.66 |
| USD	TECK RESOURCES LTD 4.50000% 10-15.01.21 | 3 575 000.00 | 3 629 697.50 | 0.65 |
| USD	TENET HEALTHCARE CORP 8.12500% 13-01.04.22 | 1 930 000.00 | 2 108 525.00 | 0.38 |
| USD	TERRAFORM POWER OPERATING LLC-144A 4.25000% 17-31.01.23 | 3 315 000.00 | 3 371 636.77 | 0.60 |
| USD	TRANSDIGM INC-SUB 6.50000% 14-15.07.24 | 4 670 000.00 | 4 815 937.50 | 0.86 |
| USD	UPCB FINANCE IV LTD-144A 5.37500% 15-15.01.25 | 2 280 000.00 | 2 342 700.00 | 0.42 |
| USD	VALEANT PHARMACEUTICALS INTL-144A 5.87500% 15-15.05.23 | 2 806 000.00 | 2 841 075.00 | 0.51 |
| USD	VALEANT PHARMACEUTICALS INTL-144A 7.00000% 17-15.03.24 | 3 125 000.00 | 3 269 531.25 | 0.59 |
| USD	VALEANT PHARMACEUTICALS INTL-144A 9.00000% 17-15.12.25 | 3 500 000.00 | 3 946 250.00 | 0.71 |
| USD	WILLIAMS SCOTSMAN INTERNATIONAL IN-144A 7.87500% 17-15.12.22 | 1 736 000.00 | 1 809 780.00 | 0.32 |
| USD	WR GRACE & CO-CONN-144A 5.12500% 14-01.10.21 | 3 300 000.00 | 3 423 750.00 | 0.61 |
| USD	WR GRACE & CO-CONN-144A 5.62500% 14-01.10.24 | 1 300 000.00 | 1 413 750.00 | 0.25 |
| Total USD |  | 292 523 738.90 | 52.37 |
| Total Notes, fixed rate |  | 292 523 738.90 | 52.37 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	REYNOLDS GROUP INC/LLC/LUX-144A 3M LIBOR+350BP 16-15.07.21 | 10 250 000.00 | 10 275 625.00 | 1.84 |
| Total USD |  | 10 275 625.00 | 1.84 |
| Total Notes, floating rate |  | 10 275 625.00 | 1.84 |

UBS (Lux) Bond SICAV – Short Duration High Yield Sustainable (USD)
Semi-Annual Report as of 30 November 2019
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |

Bonds, fixed rate
| USD |  |
| --- | --- |
| USD | ISTAR INC 5.25000% 17-15.09.22 | 3 140 000.00 | 3 212 848.00 | 0.58 |
| Total USD |  |  | 3 212 848.00 | 0.58 |
| Total Bonds, fixed rate | 3 212 848.00 | 0.58 |
| Total Transferable securities and money market instruments traded on another regulated market | 306 012 211.90 | 54.79 |

Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market
Notes, fixed rate
| USD |  |
| --- | --- |
| USD | IHS MARKIT LTD-144A 5.00000% 16-01.11.22 | 1 500 000.00 | 1 598 169.45 | 0.28 |
| USD | INTELSAT JACKSON HOLDINGS SA-144A 9.50000% 16-30.09.22 | 2 600 000.00 | 2 905 500.00 | 0.52 |
| USD | JACK OHIO FIN/ JO FINANCE 1 CORP-144A 6.75000% 16-15.11.21 | 484 000.00 | 493 680.01 | 0.09 |
| USD | T-MOBILE USA INC *ESCROW* 4.00000% 17-15.04.22 | 4 399 000.00 | 0.44 | 0.00 |
| USD | VALVOLINE INC 5.50000% 17-15.07.24 | 3 000 000.00 | 3 123 210.00 | 0.56 |
| Total USD |  |  | 8 120 559.90 | 1.45 |
| Total Notes, fixed rate |  | 8 120 559.90 | 1.45 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market |  | 8 120 559.90 | 1.45 |
| Recently issued transferable securities and money market instruments |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AVON INTERNATIONAL CAPITAL PLC-144A 6.50000% 19-15.08.22 | 5 965 000.00 | 6 188 687.50 | 1.11 |
| USD	TENET HEALTHCARE CORP-144A 4.62500% 19-01.09.24 | 2 895 000.00 | 2 989 087.50 | 0.53 |
| USD	TRANSOCEAN SENTRY LTD-144A 5.37500% 19-15.05.23 | 2 800 000.00 | 2 798 950.00 | 0.50 |
| Total USD |  | 11 976 725.00 | 2.14 |
| Total Notes, fixed rate |  | 11 976 725.00 | 2.14 |
| Total Recently issued transferable securities and money market instruments |  | 11 976 725.00 | 2.14 |
| Other money market instruments in accordance with Article 41 (1) h) |  |  |  |
| Domestic Commercial Papers, Zero Coupon |  |  |  |
| USD |  |  |  |
| USD	FORD MOTOR-144A CP 0.00000% 21.10.19-06.01.20 | 10 000 000.00 | 9 972 376.10 | 1.79 |
| Total USD |  | 9 972 376.10 | 1.79 |
| Total Domestic Commercial Papers, Zero Coupon |  | 9 972 376.10 | 1.79 |
| Total Other money market instruments in accordance with Article 41 (1) h) |  | 9 972 376.10 | 1.79 |
| Total investments in securities |  | 533 821 420.04 | 95.57 |
| Forward Foreign Exchange contracts |  |  |  |
| Forward Foreign Exchange contracts (Purchase/Sale) |  |  |  |

| USD | 6 503 982.84 | EUR | 5 845 000.00 | 14.1.2020 | 38 403.27 | 0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 207 145 000.00 | USD | 230 499 148.74 | 14.1.2020 | -1 360 999.84 | -0.25 |
| CHF | 85 562 100.00 | USD | 86 734 665.95 | 14.1.2020 | -797 102.03 | -0.14 |
| USD | 2 360 068.60 | EUR | 2 125 200.00 | 14.1.2020 | 9 230.33 | 0.00 |
| USD | 4 237 156.52 | EUR | 3 830 600.00 | 14.1.2020 | -148.72 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | -2 110 616.99 | -0.38 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 10 525 620.74 | 1.88 |
| Bank overdraft and other short-term liabilities | -1 594.39 | 0.00 |
| Other assets and liabilities | 16 323 861.33 | 2.93 |
| Total net assets | 558 558 690.73 | 100.00 |

UBS (Lux) Bond SICAV – Short Duration High Yield Sustainable (USD) Semi-Annual Report as of 30 November 2019

Translation (ENDE, 2019-11-30):
# UBS (Lux) Bond SICAV
– Asian Investment Grade Bonds (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Nettovermögen in USD |  | 45 464 089.59 | 44 893 595.89 | 45 697 284.92 |
| Klasse I-B-acc | LU1377678567 |  |  |  |
| Aktien im Umlauf |  | 20 000.0000 | 20 000.0000 | 20 000.0000 |
| Nettoinventarwert pro Aktie in USD |  | 117.93 | 112.65 | 103.47 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 117.93 | 112.65 | 103.47 |
| Klasse U-X-acc | LU1377216947 |  |  |  |
| Aktien im Umlauf |  | 3 646.0000 | 3 777.0000 | 4 210.0000 |
| Nettoinventarwert pro Aktie in USD |  | 11 822.69 | 11 289.55 | 10 362.92 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 11 822.69 | 11 289.55 | 10 362.92 |
| 1  Siehe Erläuterung 1 |  |  |  |  |


## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Britische Jungferninseln | 16.36 |
| --- | --- |
| Hongkong | 15.38 |
| Vereinigte Staaten | 12.66 |
| Südkorea | 12.02 |
| Singapur | 10.30 |
| Indonesien | 8.68 |
| Cayman-Inseln | 8.31 |
| China | 7.94 |
| Indien | 2.47 |
| Kanada | 1.61 |
| Macau | 1.10 |
| Japan | 1.00 |
| Niederlande | 0.45 |
| Mexiko | 0.45 |
| Total | 98.73 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Finanz- & Beteiligungsgesellschaften | 37.18 |
| --- | --- |
| Länder- & Zentralregierungen | 19.01 |
| Banken & Kreditinstitute | 16.71 |
| Energie- & Wasserversorgung | 4.18 |
| Erdöl | 4.15 |
| Immobilien | 4.14 |
| Diverse Dienstleistungen | 2.63 |
| Telekommunikation | 2.51 |
| Elektronik & Halbleiter | 1.45 |
| Maschinen & Apparate | 1.27 |
| Öffentlich-rechtliche Körperschaften | 1.09 |
| Anlagefonds | 1.07 |
| Bergbau, Kohle & Stahl | 1.00 |
| Chemie | 0.87 |
| Pfandbriefinstitute & Refinanzierungsgesellschaften | 0.53 |
| Städte, Gemeinden | 0.47 |
| Grafisches Gewerbe, Verlage & Medien | 0.47 |
| Total | 98.73 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds (USD)
Halbjahresbericht per 30. November 2019

## Nettovermögensaufstellung
Aktiva	30.11.2019
USD
Wertpapierbestand, Einstandswert	43 632 763.90
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	1 255 919.47	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 44 888 683.37 |
| Bankguthaben, Sicht- und Fristgelder | 387 982.53 |
| Andere liquide Mittel (Margins) | 14 887.48 |
| Forderungen aus Wertpapierverkäufen (Erläuterung 1) | 1 496 235.70 |
| Zinsforderungen aus Wertpapieren | 346 029.53 |
| Sonstige Forderungen | 7 402.28 |
| Nicht realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten (Erläuterung 1) | 343.74 |
| Total Aktiva | 47 141 564.63 |
|  |  |
| Passiva |  |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -1 674 115.00 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -58.58 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -741.27 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-2 560.19	 |
| Total Rückstellungen für Aufwendungen | -3 360.04 |
| Total Passiva | -1 677 475.04 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 45 464 089.59 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 1.6.2019-30.11.2019 |
| Zinsertrag auf liquide Mittel | 3 800.10 |
| Zinsen auf Wertpapiere | 758 752.61 |
| Zinsertrag auf Swaps (Erläuterung 1) | 3 888.88 |
| Erträge aus Securities Lending (Erläuterung 13) | 12 181.38 |
| Sonstige Erträge (Erläuterung 4) | 1 010.88 |
| Total Erträge | 779 633.85 |
|  |  |
| Aufwendungen |  |
| Zinsaufwand auf Swaps (Erläuterung 1) | -10 222.22 |
| Pauschale Verwaltungskommission (Erläuterung 2) | -750.29 |
| Abonnementsabgabe (Erläuterung 3) | -2 214.85 |
| Kosten aus Securities Lending (Erläuterung 13) | -4 872.55 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -2 584.41 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -270.33 |
| Total Aufwendungen | -20 914.65 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | 758 719.20 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 1 207 163.43 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | 77 392.97 |
| Realisierter Kursgewinn (-verlust) aus Swaps | -109 105.34 |
| Realisierter Währungsgewinn (-verlust) | -57.58 |
| Total der realisierten Gewinne (Verluste) | 1 175 393.48 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | 1 934 112.68 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 54 654.93 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | 29 398.41 |
| Nicht realisierte Werterhöhung (-minderung) von Swaps | 68 094.60 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 152 147.94 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 2 086 260.62 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds (USD) Halbjahresbericht per 30. November 2019
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-30.11.2019 |
| Nettovermögen zu Beginn der Berichtsperiode | 44 893 595.89 |
| Zeichnungen | 1 587 882.71 |
| Rücknahmen | 	-3 103 649.63	 |
| Total Mittelzufluss (-abfluss) | -1 515 766.92 |
| Nettoerträge (-verluste) aus Anlagen | 758 719.20 |
| Total der realisierten Gewinne (Verluste) | 1 175 393.48 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	152 147.94	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 2 086 260.62 |
| Nettovermögen am Ende der Berichtsperiode | 45 464 089.59 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2019-30.11.2019 |
| Klasse | I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 20 000.0000 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 20 000.0000 |
| Klasse | U-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 3 777.0000 |
| Anzahl der ausgegebenen Aktien | 136.0000 |
| Anzahl der zurückgegebenen Aktien | -267.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 3 646.0000 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds (USD)
Halbjahresbericht per 30. November 2019

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	BHARTI AIRTEL LTD-REG-S 4.37500% 15-10.06.25 | 250 000.00 | 251 312.50 | 0.55 |
| USD	CK HUTCHISON INTERNATIONAL 16 LTD-REG-S 2.75000% 16-03.10.26 | 400 000.00 | 398 875.00 | 0.88 |
| USD	CNAC HK FINBRIDGE CO LTD-REG-S 5.12500% 18-14.03.28 | 350 000.00 | 393 750.00 | 0.87 |
| USD	CNPC GENERAL CAPITAL LTD-REG-S 3.40000% 13-16.04.23 | 200 000.00 | 205 500.00 | 0.45 |
| USD	EXPORT-IMPORT BANK OF KOREA 3.25000% 14-12.08.26 | 1 000 000.00 | 1 056 875.00 | 2.33 |
| USD	EXPORT-IMPORT BANK OF KOREA 2.50000% 15-10.05.21 | 250 000.00 | 251 328.13 | 0.55 |
| USD	EXPORT-IMPORT BANK OF KOREA 2.75000% 17-25.01.22 | 300 000.00 | 304 593.75 | 0.67 |
| USD	EXPORT-IMPORT BANK OF CHINA-REG-S 2.87500% 16-26.04.26 | 200 000.00 | 203 750.00 | 0.45 |
| USD	FRANSHION BRILLIANT LTD-REG-S 4.25000% 19-23.07.29 | 650 000.00 | 651 911.72 | 1.44 |
| USD	HARVEST OPERATIONS CORP-REG-S 3.00000% 17-21.09.22 | 300 000.00 | 306 375.00 | 0.67 |
| USD	HARVEST OPERATIONS CORP-REG-S 4.20000% 18-01.06.23 | 400 000.00 | 424 474.76 | 0.93 |
| USD	HUTCHINSON WHAMPOA INTL 11 LTSD-REG-S 4.62500% 12-13.01.22 | 500 000.00 | 521 823.70 | 1.15 |
| USD	HUTCHISON WHAMPOA INTL 12 II LTD-REG-S 3.25000% 12-08.11.22 | 550 000.00 | 561 341.00 | 1.24 |
| USD	INDONESIA, REPUBLIC OF-REG-S 5.25000% 12-17.01.42 | 200 000.00 | 239 062.50 | 0.53 |
| USD	KOREA EAST-WEST POWER CO LTD-REG-S 3.87500% 18-19.07.23 | 375 000.00 | 395 273.43 | 0.87 |
| USD	KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 3.00000% 12-19.09.22 | 450 000.00 | 459 562.50 | 1.01 |
| USD	KOREA NATIONAL OIL CORP-REG-S 2.12500% 16-14.04.21 | 300 000.00 | 300 281.25 | 0.66 |
| USD	KT CORP-REG-S 2.50000% 16-18.07.26 | 200 000.00 | 197 250.00 | 0.43 |
| USD	LLPL CAPITAL PTE LTD-REG-S 6.87500% 19-04.02.39 | 200 000.00 | 228 521.25 | 0.50 |
| USD	ONGC VIDESH VANKORNEFT PTE LTD-REG-S 3.75000% 16-27.07.26 | 200 000.00 | 206 000.00 | 0.45 |
| USD	SUMITOMO MITSUI FIN GP INC-SUB 3.20200% 19-17.09.29 | 450 000.00 | 456 327.00 | 1.00 |
| Total USD |  | 8 014 188.49 | 17.63 |
| Total Notes, fester Zins |  | 8 014 188.49 | 17.63 |
| Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	IND & COM BK CHINA MACAU-REG-S-SUB 2.875%/VAR 19-12.09.29 | 300 000.00 | 296 961.45 | 0.65 |
| Total USD |  | 296 961.45 | 0.65 |
| Total Notes, variabler Zins |  | 296 961.45 | 0.65 |
| Medium-Term Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AIRPORT AUTHORITY HONG KONG-REG-S 3.45000% 19-21.02.29 | 200 000.00 | 214 223.48 | 0.47 |
| USD	AZURE ORBIT IV INTL FIN LTD-REG-S 3.50000% 18-25.01.21 | 500 000.00 | 502 769.75 | 1.11 |
| USD	BANK OF CHINA LTD/MACAU-REG-S 2.87500% 17-20.04.22 | 200 000.00 | 202 312.50 | 0.44 |
| USD	BANK OF CHINA/HONG KONG-REG-S 2.37500% 16-01.03.21 | 450 000.00 | 450 000.00 | 0.99 |
| USD	BANK OF CHINA/HONG KONG-REG-S 3.62500% 19-17.04.29 | 400 000.00 | 421 625.00 | 0.93 |
| USD	BOC AVIATION LTD-REG-S 3.50000% 19-10.10.24 | 1 300 000.00 | 1 339 687.31 | 2.95 |
| USD	BOCOM LEASING MGT HONG KONG-REG-S 4.37500% 19-22.01.24 | 500 000.00 | 526 718.75 | 1.16 |
| USD	CDBL FUNDING 2-REG-S 2.62500% 17-01.08.20 | 275 000.00 | 274 579.25 | 0.60 |
| USD	CHARMING LIGHT INVESTMENTS LTD-REG-S 4.37500% 17-21.12.27 | 200 000.00 | 214 437.50 | 0.47 |
| USD	CHINA DEVELOPMENT BANK-REG-S 3.00000% 16-01.06.26 | 200 000.00 | 204 687.50 | 0.45 |
| USD	CITIC LTD-REG-S 4.00000% 18-11.01.28 | 500 000.00 | 528 125.00 | 1.16 |
| USD	HUARONG FINANCE 2017 CO-REG-S 4.25000% 17-07.11.27 | 250 000.00 | 260 859.37 | 0.57 |
| USD	HUARONG FINANCE-REG-S 3.75000% 19-29.05.24 | 2 000 000.00 | 2 039 375.00 | 4.49 |
| USD	ICBCIL FINANCE CO LTD-REG-S 2.75000% 16-19.05.21 | 300 000.00 | 300 375.00 | 0.66 |
| USD	ICBCIL FINANCE CO LTD-REG-S 3.62500% 16-19.05.26 | 250 000.00 | 258 046.87 | 0.57 |
| USD	INDONESIA, REPUBLIC OF-REG-S 3.85000% 17-18.07.27 | 1 800 000.00 | 1 910 812.50 | 4.20 |
| USD	INDONESIA, REPUBLIC OF-REG-S 4.75000% 17-18.07.47 | 350 000.00 | 400 640.63 | 0.88 |
| USD	KOOKMIN BANK-REG-S 3.62500% 18-23.10.21 | 300 000.00 | 307 312.50 | 0.68 |
| USD	KOREA GAS CORP-REG-S 1.87500% 16-18.07.21 | 350 000.00 | 348 140.63 | 0.76 |
| USD	KOREA HOUSING FINANCE CORP-REG-S 2.00000% 16-11.10.21 | 500 000.00 | 494 950.00 | 1.09 |
| USD	NAN FUNG TREASURY LTD-REG-S 3.87500% 17-03.10.27 | 1 000 000.00 | 993 846.55 | 2.19 |
| USD	OVERSEA-CHINESE BANKING CORP-REG-S-SUB 4.25000% 14-19.06.24 | 200 000.00 | 212 625.00 | 0.47 |
| USD	PERTAMINA PT-REG-S 6.50000% 18-07.11.48 | 325 000.00 | 423 617.19 | 0.93 |
| USD	PERUSAHAAN LISTRIK NEGARA PT-REG-S 4.37500% 19-05.02.50 | 525 000.00 | 525 000.00 | 1.15 |
| USD	PSA TREASURY PTE LTD-REG-S 2.12500% 19-05.09.29 | 500 000.00 | 484 619.01 | 1.07 |
| USD	SIAM COMMERCIAL BK CAYMAN ISLAND-REG-S 2.75000% 17-16.05.23 | 525 000.00 | 527 798.25 | 1.16 |
| USD	SIAM COMMERCIAL BK CAYMAN ISLAND-REG-S 4.40000% 19-11.02.29 | 375 000.00 | 418 007.81 | 0.92 |
| USD	SINGTEL GROUP TREASURY PTE LTD-REG-S 3.25000% 15-30.06.25 | 200 000.00 | 209 162.44 | 0.46 |
| USD	SINGTEL GROUP TREASURY PTE LTD-REG-S 3.87500% 18-28.08.28 | 350 000.00 | 383 645.75 | 0.84 |
| USD	SP POWERASSETS LTD-REG-S 3.25000% 15-24.11.25 | 200 000.00 | 210 164.00 | 0.46 |
| USD	STATE ELITE GLOBAL LTD-REG-S 2.25000% 16-20.10.21 | 200 000.00 | 199 250.00 | 0.44 |
| USD	STATE ELITE GLOBAL LTD-REG-S 2.75000% 17-13.06.22 | 825 000.00 | 828 935.25 | 1.82 |
| USD	STATE GRID OVERSEAS INVESTMENT-REG-S 3.50000% 17-04.05.27 | 700 000.00 | 739 812.50 | 1.63 |
| USD	STATE GRID OVERSEAS INVESTMENT-REG-S 4.25000% 18-02.05.28 | 1 000 000.00 | 1 118 125.00 | 2.46 |
| USD	SUN HUNG KAI PROPERTIES LTD-REG-S 4.50000% 12-14.02.22 | 200 000.00 | 208 034.00 | 0.46 |
| USD	TEMASEK FINANCIAL I LTD-REG-S 3.62500% 18-01.08.28 | 250 000.00 | 276 410.00 | 0.61 |
| USD	TENCENT HOLDINGS LTD-REG-S 3.92500% 18-19.01.38 | 200 000.00 | 212 937.50 | 0.47 |
| Total USD |  | 19 171 668.79 | 42.17 |
| Total Medium-Term Notes, fester Zins |  | 19 171 668.79 | 42.17 |
| Medium-Term Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	DBS GROUP HOLDINGS LTD-REG-S-SUB 4.520%/VAR 18-11.12.28 | 200 000.00 | 212 334.00 | 0.47 |
| USD	SHINHAN FIN GROUP CO LTD-REG-S-SUB 3.340%/VAR 19-05.02.30 | 525 000.00 | 533 279.25 | 1.17 |
| USD	UNITED OVERSEAS BANK LTD-REG-S-SUB 3.750%/VAR 19-15.04.29 | 400 000.00 | 414 096.00 | 0.91 |
| USD	UNITED OVERSEAS BANK LTD-REG-S-SUB 3.875%/VAR 17-PRP | 500 000.00 | 505 591.35 | 1.11 |
| USD	WING LUNG BANK LTD-REG-S-SUB 3.750%/H15T5Y+175BP 17-22.11.27 | 500 000.00 | 501 155.75 | 1.10 |
| Total USD |  | 2 166 456.35 | 4.76 |
| Total Medium-Term Notes, variabler Zins |  | 2 166 456.35 | 4.76 |
| UBS (Lux) Bond SICAV – Asian Investment Grade Bonds (USD) Halbjahresbericht per 30. November 2019 |  |  |  |

| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	BANK RAKYAT INDONESIA-REG-S 3.95000% 19-28.03.24 | 200 000.00 | 208 437.50 | 0.46 |
| USD	BLUESTAR FINANCE HOLDINGS LTD-REG-S 3.50000% 16-30.09.21 | 200 000.00 | 201 812.50 | 0.44 |
| USD	CENTRAL PLAZA DEVELOPMENT LTD-REG-S 3.87500% 17-30.01.21 | 575 000.00 | 577 300.00 | 1.27 |
| USD	CHINA CLEAN ENERGY DEVELOPMENT-REG-S 4.00000% 15-05.11.25 | 600 000.00 | 631 875.00 | 1.39 |
| USD	CHINA CONSTRUCTION BANK CORP-REG-S-SUB 4.25000% 19-27.02.29 | 450 000.00 | 472 921.88 | 1.04 |
| USD	CHINA HUADIAN OVERSEAS DEVP18 LTD-REG-S 3.87500% 18-17.05.23 | 250 000.00 | 259 550.00 | 0.57 |
| USD	CHINA, PEOPLE’S REPUBLIC OF-REG-S 2.75000% 19-03.12.39 | 900 000.00 | 873 783.00 | 1.92 |
| USD	CMHI FINANCE BVI CO LTD-REG-S 5.00000% 18-06.08.28 | 500 000.00 | 565 775.00 | 1.24 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 6.15000% 19-17.09.25 | 375 000.00 | 390 937.50 | 0.86 |
| USD	HINDUSTAN PETROLEUM CORP LTD-REG-S 4.00000% 17-12.07.27 | 220 000.00 | 225 362.50 | 0.50 |
| USD	HKT CAPITAL NO 5 LTD-REG-S 3.25000% 19-30.09.29 | 700 000.00 | 694 252.00 | 1.53 |
| USD	LONGFOR GROUP HOLDINGS LTD-REG-S 3.95000% 19-16.09.29 | 475 000.00 | 475 000.00 | 1.04 |
| USD	LONGFOR PROPERTIES CO LTD-REG-S 4.50000% 18-16.01.28 | 350 000.00 | 364 109.38 | 0.80 |
| USD	MINEJESA CAPITAL BV-REG-S 4.62500% 17-10.08.30 | 200 000.00 | 205 187.50 | 0.45 |
| USD	MINERA Y METALURGICA DEL BOLEO-REG-S 3.25000% 19-17.04.24 | 200 000.00 | 204 250.00 | 0.45 |
| USD	NONGHYUP BANK-REG-S 2.87500% 17-17.07.22 | 200 000.00 | 203 062.50 | 0.45 |
| USD	NWD MTN LTD-REG-S 4.12500% 19-18.07.29 | 525 000.00 | 520 897.19 | 1.15 |
| USD	PERUSAHAAN PENERBIT SBSN-REG-S 4.15000% 17-29.03.27 | 225 000.00 | 241 031.25 | 0.53 |
| USD	POWER FINANCE CORP LTD-REG-S 3.90000% 19-16.09.29 | 650 000.00 | 645 125.00 | 1.42 |
| USD	SK HYNIX INC-REG-S 3.00000% 19-17.09.24 | 400 000.00 | 399 736.80 | 0.88 |
| USD	WOORI BANK-REG-S-SUB 4.75000% 14-30.04.24 | 200 000.00 | 214 375.00 | 0.47 |
| Total USD |  | 8 574 781.50 | 18.86 |
| Total Anleihen, fester Zins |  | 8 574 781.50 | 18.86 |
| Anleihen, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	CHALCO HONG KONG INVESTMENT CO-REG-S 4.250%/VAR 16-PRP | 250 000.00 | 252 968.75 | 0.56 |
| USD	CHINA MINMETALS CORP-REG-S 3.750%/VAR 17-PRP | 250 000.00 | 251 328.12 | 0.55 |
| Total USD |  | 504 296.87 | 1.11 |
| Total Anleihen, variabler Zins |  | 504 296.87 | 1.11 |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.37500% 18-15.11.48 | 1 207 000.00 | 1 510 211.56 | 3.32 |
| USD	AMERICA, UNITED STATES OF 2.87500% 19-15.05.49 | 422 000.00 | 483 091.09 | 1.06 |
| USD	AMERICA, UNITED STATES OF 2.25000% 19-30.04.24 | 1 100 000.00 | 1 128 917.90 | 2.49 |
| USD	AMERICA, UNITED STATES OF 1.75000% 19-31.07.21 | 300 000.00 | 300 398.43 | 0.66 |
| USD	AMERICA, UNITED STATES OF 1.50000% 19-30.09.21 | 1 800 000.00 | 1 795 429.69 | 3.95 |
| Total USD |  | 5 218 048.67 | 11.48 |
| Total Treasury-Notes, fester Zins | 5 218 048.67 | 11.48 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 43 946 402.12 | 96.66 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Notes, fester Zins |  |  |
| USD |  |  |
| USD	INDUSTRIAL & COMMERCIAL BANK OF CN/NY 2.45200% 16-20.10.21	275 000.00 | 274 484.38 | 0.60 |
| USD	INDUSTRIAL & COMMERCIAL BANK OF CN/NY 3.53800% 17-08.11.27	250 000.00 | 261 171.87 | 0.58 |
| Total USD | 535 656.25 | 1.18 |
| Total Notes, fester Zins | 535 656.25 | 1.18 |
| Anleihen, fester Zins |  |  |
| USD |  |  |
| USD	CNOOC FINANCE 2013 LTD 3.00000% 13-09.05.23	400 000.00 | 406 625.00 | 0.89 |
| Total USD | 406 625.00 | 0.89 |
| Total Anleihen, fester Zins | 406 625.00 | 0.89 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden | 942 281.25 | 2.07 |
| Total des Wertpapierbestandes | 44 888 683.37 | 98.73 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds (USD)
Halbjahresbericht per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Derivative Instrumente |  |  |  |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Finanzterminkontrakte auf Anleihen |  |  |  |
|  |  |  |  |
| USD	US ULTRA LONG BOND (CBT) FUTURE 20.03.20 | -4.00 | 2 375.00 | 0.00 |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.20 | 20.00 | -1 093.76 | 0.00 |
| USD	US 10YR TREASURY NOTE FUTURE 20.03.20 | 4.00 | -937.50 | 0.00 |
| Total Finanzterminkontrakte auf Anleihen |  | 343.74 | 0.00 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | 343.74 | 0.00 |
| Total Derivative Instrumente |  | 343.74 | 0.00 |
|  |  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel |  | 402 870.01 | 0.89 |
| Andere Aktiva und Passiva |  | 172 192.47 | 0.38 |
| Total des Nettovermögens |  | 45 464 089.59 | 100.00 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds (USD) Halbjahresbericht per 30. November 2019