# UBS (Lux) Bond SICAV – Floating Rate Income (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| Net assets in USD |  | 171 701 088.87 | 197 474 004.06 | 389 562 979.96 |
| Class I-X-acc | LU1776430768 |  |  |  |
| Shares outstanding |  | 8 930.2880 | 8 930.2880 | 66 196.6420 |
| Net asset value per share in USD |  | 108.10 | 100.57 | 104.60 |
| Issue and redemption price per share in USD 1 |  | 108.10 | 100.57 | 104.60 |
| Class K-1-acc | LU1679116258 |  |  |  |
| Shares outstanding |  | 0.6000 | 0.8000 | 1.6000 |
| Net asset value per share in USD |  | 5 305 681.18 | 4 959 339.84 | 5 207 475.24 |
| Issue and redemption price per share in USD 1 |  | 5 305 681.18 | 4 959 339.84 | 5 207 475.24 |
| Class K-1-mdist | LU1692484782 |  |  |  |
| Shares outstanding |  | 1.3000 | 1.3000 | 2.2000 |
| Net asset value per share in USD |  | 4 654 913.76 | 4 450 589.93 | 4 891 625.20 |
| Issue and redemption price per share in USD 1 |  | 4 654 913.76 | 4 450 589.93 | 4 891 625.20 |
| Class (HKD) K-1-mdist | LU1692484865 |  |  |  |
| Shares outstanding |  | 1.4000 | 1.5000 | 3.0000 |
| Net asset value per share in HKD |  | 36 999 872.78 | 35 344 841.83 | 39 283 149.59 |
| Issue and redemption price per share in HKD 1 |  | 36 999 872.78 | 35 344 841.83 | 39 283 149.59 |
| Class (EUR hedged) K-X-acc | LU1856011025 |  |  |  |
| Shares outstanding |  | 24 708.5700 | 102 083.0520 | 26 601.3650 |
| Net asset value per share in EUR |  | 101.27 | 94.74 | 100.92 |
| Issue and redemption price per share in EUR 1 |  | 101.27 | 94.74 | 100.92 |
| Class P-acc | LU1679112000 |  |  |  |
| Shares outstanding |  | 198 489.2670 | 216 981.7420 | 350 465.1740 |
| Net asset value per share in USD |  | 104.84 | 98.20 | 103.52 |
| Issue and redemption price per share in USD 1 |  | 104.84 | 98.20 | 103.52 |
| Class (CHF hedged) P-acc | LU1679114808 |  |  |  |
| Shares outstanding |  | 13 077.4630 | 13 969.2830 | 16 126.8550 |
| Net asset value per share in CHF |  | 96.59 | 91.06 | 98.79 |
| Issue and redemption price per share in CHF 1 |  | 96.59 | 91.06 | 98.79 |
| Class (EUR hedged) P-acc | LU1679113404 |  |  |  |
| Shares outstanding |  | 174 066.2740 | 224 989.1560 | 319 305.0850 |
| Net asset value per share in EUR |  | 97.73 | 92.06 | 99.37 |
| Issue and redemption price per share in EUR 1 |  | 97.73 | 92.06 | 99.37 |
| Class (GBP hedged) P-acc 2 | LU1685801778 |  |  |  |
| Shares outstanding |  | - | - | 9 626.9400 |
| Net asset value per share in GBP |  | - | - | 101.05 |
| Issue and redemption price per share in GBP 1 |  | - | - | 101.05 |
| Class P-dist | LU1679112349 |  |  |  |
| Shares outstanding |  | 38 411.9980 | 35 239.7220 | 75 450.5260 |
| Net asset value per share in USD |  | 94.03 | 93.01 | 101.06 |
| Issue and redemption price per share in USD 1 |  | 94.03 | 93.01 | 101.06 |
| Class (CHF hedged) P-dist | LU1679115102 |  |  |  |
| Shares outstanding |  | 36 350.7490 | 36 400.7490 | 36 415.7490 |
| Net asset value per share in CHF |  | 87.78 | 86.09 | 96.38 |
| Issue and redemption price per share in CHF 1 |  | 87.78 | 86.09 | 96.38 |
| Class (EUR hedged) P-dist | LU1679113743 |  |  |  |
| Shares outstanding |  | 27 305.7360 | 35 512.6960 | 79 094.7610 |
| Net asset value per share in EUR |  | 86.81 | 86.97 | 96.91 |
| Issue and redemption price per share in EUR 1 |  | 86.81 | 86.97 | 96.91 |
| Class P-mdist | LU1679116506 |  |  |  |
| Shares outstanding |  | 74 817.4760 | 98 767.2280 | 214 518.9170 |
| Net asset value per share in USD |  | 91.98 | 88.14 | 97.25 |
| Issue and redemption price per share in USD 1 |  | 91.98 | 88.14 | 97.25 |
| Class (HKD) P-mdist | LU1692484949 |  |  |  |
| Shares outstanding |  | 38 112.1910 | 46 117.1910 | 81 511.2990 |
| Net asset value per share in HKD |  | 913.70 | 874.77 | 976.23 |
| Issue and redemption price per share in HKD 1 |  | 913.70 | 874.77 | 976.23 |
| Class Q-acc | LU1679112851 |  |  |  |
| Shares outstanding |  | 215 770.9940 | 263 745.8600 | 782 983.7680 |
| Net asset value per share in USD |  | 106.58 | 99.55 | 104.38 |
| Issue and redemption price per share in USD 1 |  | 106.58 | 99.55 | 104.38 |
| Class (CHF hedged) Q-acc | LU1679115524 |  |  |  |
| Shares outstanding |  | 107 918.8210 | 125 381.3940 | 219 176.7060 |
| Net asset value per share in CHF |  | 98.19 | 92.31 | 99.60 |
| Issue and redemption price per share in CHF 1 |  | 98.19 | 92.31 | 99.60 |

UBS (Lux) Bond SICAV – Floating Rate Income (USD) Semi-Annual Report as of 30 November 2020
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class (EUR hedged) Q-acc | LU1679114121 |  |  |  |
| Shares outstanding |  | 141 037.8100 | 253 623.1800 | 613 224.8740 |
| Net asset value per share in EUR |  | 99.37 | 93.34 | 100.19 |
| Issue and redemption price per share in EUR 1 |  | 99.37 | 93.34 | 100.19 |
| Class (GBP hedged) Q-acc 2 | LU1685808278 |  |  |  |
| Shares outstanding |  | - | - | 16 091.1690 |
| Net asset value per share in GBP |  | - | - | 101.89 |
| Issue and redemption price per share in GBP 1 |  | - | - | 101.89 |
| Class Q-dist | LU1679113156 |  |  |  |
| Shares outstanding |  | 72 161.1570 | 76 886.1570 | 101 020.3900 |
| Net asset value per share in USD |  | 94.93 | 93.53 | 101.62 |
| Issue and redemption price per share in USD 1 |  | 94.93 | 93.53 | 101.62 |
| Class (CHF hedged) Q-dist | LU1679115953 |  |  |  |
| Shares outstanding |  | 45 659.0000 | 53 033.6110 | 70 701.0000 |
| Net asset value per share in CHF |  | 88.23 | 86.54 | 96.89 |
| Issue and redemption price per share in CHF 1 |  | 88.23 | 86.54 | 96.89 |
| Class (EUR hedged) Q-dist | LU1679114550 |  |  |  |
| Shares outstanding |  | 133 915.0170 | 110 739.7750 | 110 110.4120 |
| Net asset value per share in EUR |  | 89.35 | 87.40 | 97.42 |
| Issue and redemption price per share in EUR 1 |  | 89.35 | 87.40 | 97.42 |
| Class (GBP hedged) Q-dist 2 | LU1685817428 |  |  |  |
| Shares outstanding |  | - | - | 13 494.7820 |
| Net asset value per share in GBP |  | - | - | 99.09 |
| Issue and redemption price per share in GBP 1 |  | - | - | 99.09 |
| Class Q-mdist | LU1891428382 |  |  |  |
| Shares outstanding |  | 4 891.0000 | 7 884.1380 | 24 124.1560 |
| Net asset value per share in USD |  | 95.30 | 91.05 | 99.90 |
| Issue and redemption price per share in USD 1 |  | 95.30 | 91.05 | 99.90 |
| Class U-X-UKdist-mdist | LU1839734529 |  |  |  |
| Shares outstanding |  | 1 071.0000 | 1 264.0000 | 1 326.0000 |
| Net asset value per share in USD |  | 9 691.57 | 9 162.88 | 10 046.49 |
| Issue and redemption price per share in USD 1 |  | 9 691.57 | 9 162.88 | 10 046.49 |
| 1  See note 1 |  |  |  |  |

2 
For the period from 1.12.2017 to 14.10.2019 the share classes (GBP hedged) P-acc, (GBP hedged) Q-acc and (GBP hedged) Q-dist were in circulation

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
United States	43.01
Luxembourg	12.41
United Kingdom	8.05
Cayman Islands	5.64
Canada	4.91
France	4.59
The Netherlands	4.12
Ireland	3.42
Italy	1.86
Denmark	1.79
Slovenia	1.68
Japan	1.60
Germany	1.55
Sweden	0.89
Brazil	0.79
Australia	0.64
Poland	0.02
Total	96.97
Economic Breakdown as a % of net assets	
Finance & holding companies	37.95
Telecommunications	9.46
Banks & credit institutions	9.41
Investment funds	9.20
Mortgage & funding institutions	7.03
Healthcare & social services	3.46
Internet, software & IT services	3.37
Petroleum	2.65
Vehicles	1.84
Mechanical engineering & industrial equipment	1.55
Pharmaceuticals, cosmetics & medical products	1.43
Packaging industry	1.34
Energy & water supply	1.25
Chemicals	1.23
Miscellaneous services	1.01
Traffic & transportation	0.99
Computer hardware & network equipment providers	0.75
Electronics & semiconductors	0.64
Real Estate	0.55
Miscellaneous consumer goods	0.55
Textiles, garments & leather goods	0.51
Photographic & optics	0.35
Environmental services & recycling	0.30
Miscellaneous trading companies	0.12
Aerospace industry	0.03
Total	96.97
UBS (Lux) Bond SICAV – Floating Rate Income (USD) Semi-Annual Report as of 30 November 2020

## Statement of Net Assets
Assets	30.11.2020
USD
Investments in securities, cost	165 404 370.45
| Investments in securities, unrealized appreciation (depreciation) | 	1 097 899.39	 |
| --- | --- |
| Total investments in securities (Note 1) | 166 502 269.84 |
| Cash at banks, deposits on demand and deposit accounts | 5 273 982.12 |
| Other liquid assets (Margins) | 4 564 686.33 |
| Receivable on securities sales (Note 1) | 694 954.45 |
| Receivable on subscriptions | 23 095.31 |
| Interest receivable on securities | 1 869 610.50 |
| Receivable on dividends | 174.80 |
| Interest receivable on swaps (Note 1) | 136 826.10 |
| Other receivables | 26 167.05 |
| Unrealized gain on forward foreign exchange contracts (Note 1) | 73 790.63 |
| Total Assets | 179 165 557.13 |
|  |  |
| Liabilities |  |
| Unrealized loss on swaps (Note 1) | -2 986 888.85 |
| Bank overdraft | -3 299 345.47 |
| Payable on redemptions | -1 091 179.69 |
| Provisions for flat fee (Note 2) | -65 826.94 |
| Provisions for taxe d’abonnement (Note 3) | -12 673.11 |
| Provisions for other commissions and fees (Note 2) | 	-8 554.20	 |
| Total provisions | -87 054.25 |
| Total Liabilities | -7 464 468.26 |
|  |  |
| Net assets at the end of the period | 171 701 088.87 |
| Statement of Operations | USD |
| Income | 1.6.2020-30.11.2020 |
| Interest on liquid assets | 659.05 |
| Interest on securities | 3 901 358.20 |
| Dividends | 130 515.94 |
| Interest received on swaps (Note 1) | 2 738 199.62 |
| Income on securities lending (Note 12) | 8 901.48 |
| Other income (Note 4) | 238 554.35 |
| Total income | 7 018 188.64 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -3 029 106.03 |
| Flat fee (Note 2) | -853 905.10 |
| Taxe d’abonnement (Note 3) | -41 116.56 |
| Cost on securities lending (Note 12) | -3 560.59 |
| Other commissions and fees (Note 2) | -8 433.78 |
| Interest on cash and bank overdraft | -19 579.96 |
| Total expenses | -3 955 702.02 |
|  |  |
| Net income (loss) on investments | 3 062 486.62 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | -3 061 540.63 |
| Realized gain (loss) on options | 47 040.00 |
| Realized gain (loss) on forward foreign exchange contracts | 1 484 313.50 |
| Realized gain (loss) on swaps | -2 759 449.38 |
| Realized gain (loss) on foreign exchange | 95 108.88 |
| Total realized gain (loss) | -4 194 527.63 |
|  |  |
| Net realized gain (loss) of the period | -1 132 041.01 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 16 945 776.96 |
| Unrealized appreciation (depreciation) on options | 64 024.80 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -407 669.26 |
| Unrealized appreciation (depreciation) on swaps | 3 117 283.50 |
| Total changes in unrealized appreciation (depreciation) | 19 719 416.00 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 18 587 374.99 |

UBS (Lux) Bond SICAV – Floating Rate Income (USD) Semi-Annual Report as of 30 November 2020
| Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.6.2020-30.11.2020 |
| Net assets at the beginning of the period | 197 474 004.06 |
| Subscriptions | 4 279 057.38 |
| Redemptions | 	-46 323 513.18	 |
| Total net subscriptions (redemptions) | -42 044 455.80 |
| Dividend paid | -2 315 834.38 |
| Net income (loss) on investments | 3 062 486.62 |
| Total realized gain (loss) | -4 194 527.63 |
| Total changes in unrealized appreciation (depreciation) | 	19 719 416.00	 |
| Net increase (decrease) in net assets as a result of operations | 18 587 374.99 |
| Net assets at the end of the period | 171 701 088.87 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2020-30.11.2020 |
| Class | I-X-acc |
| Number of shares outstanding at the beginning of the period | 8 930.2880 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 8 930.2880 |
| Class | K-1-acc |
| Number of shares outstanding at the beginning of the period | 0.8000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -0.2000 |
| Number of shares outstanding at the end of the period | 0.6000 |
| Class | K-1-mdist |
| Number of shares outstanding at the beginning of the period | 1.3000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 1.3000 |
| Class | (HKD) K-1-mdist |
| Number of shares outstanding at the beginning of the period | 1.5000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -0.1000 |
| Number of shares outstanding at the end of the period | 1.4000 |
| Class | (EUR hedged) K-X-acc |
| Number of shares outstanding at the beginning of the period | 102 083.0520 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -77 374.4820 |
| Number of shares outstanding at the end of the period | 24 708.5700 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 216 981.7420 |
| Number of shares issued | 320.4160 |
| Number of shares redeemed | -18 812.8910 |
| Number of shares outstanding at the end of the period | 198 489.2670 |
| Class | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 13 969.2830 |
| Number of shares issued | 333.7590 |
| Number of shares redeemed | -1 225.5790 |
| Number of shares outstanding at the end of the period | 13 077.4630 |
| Class | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 224 989.1560 |
| Number of shares issued | 325.4080 |
| Number of shares redeemed | -51 248.2900 |
| Number of shares outstanding at the end of the period | 174 066.2740 |
| Class | P-dist |
| Number of shares outstanding at the beginning of the period | 35 239.7220 |
| Number of shares issued | 5 000.0000 |
| Number of shares redeemed | -1 827.7240 |
| Number of shares outstanding at the end of the period | 38 411.9980 |
| Class | (CHF hedged) P-dist |
| Number of shares outstanding at the beginning of the period | 36 400.7490 |
| Number of shares issued | 950.0000 |
| Number of shares redeemed | -1 000.0000 |
| Number of shares outstanding at the end of the period | 36 350.7490 |
| Class | (EUR hedged) P-dist |
| Number of shares outstanding at the beginning of the period | 35 512.6960 |
| Number of shares issued | 314.7570 |
| Number of shares redeemed | -8 521.7170 |
| Number of shares outstanding at the end of the period | 27 305.7360 |

UBS (Lux) Bond SICAV – Floating Rate Income (USD) Semi-Annual Report as of 30 November 2020
| Class |  |  | P-mdist |
| --- | --- | --- | --- |
| Number of shares outstanding at the beginning of the period |  |  | 98 767.2280 |
| Number of shares issued |  |  | 351.9960 |
| Number of shares redeemed |  |  | -24 301.7480 |
| Number of shares outstanding at the end of the period |  |  | 74 817.4760 |
| Class |  |  | (HKD) P-mdist |
| Number of shares outstanding at the beginning of the period |  |  | 46 117.1910 |
| Number of shares issued |  |  | 0.0000 |
| Number of shares redeemed |  |  | -8 005.0000 |
| Number of shares outstanding at the end of the period |  |  | 38 112.1910 |
| Class |  |  | Q-acc |
| Number of shares outstanding at the beginning of the period |  |  | 263 745.8600 |
| Number of shares issued |  |  | 2 095.5070 |
| Number of shares redeemed |  |  | -50 070.3730 |
| Number of shares outstanding at the end of the period |  |  | 215 770.9940 |
| Class |  |  | (CHF hedged) Q-acc |
| Number of shares outstanding at the beginning of the period |  |  | 125 381.3940 |
| Number of shares issued |  |  | 1 052.4120 |
| Number of shares redeemed |  |  | -18 514.9850 |
| Number of shares outstanding at the end of the period |  |  | 107 918.8210 |
| Class |  |  | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the period |  |  | 253 623.1800 |
| Number of shares issued |  |  | 4 114.0970 |
| Number of shares redeemed |  |  | -116 699.4670 |
| Number of shares outstanding at the end of the period |  |  | 141 037.8100 |
| Class |  |  | Q-dist |
| Number of shares outstanding at the beginning of the period |  |  | 76 886.1570 |
| Number of shares issued |  |  | 1 575.0000 |
| Number of shares redeemed |  |  | -6 300.0000 |
| Number of shares outstanding at the end of the period |  |  | 72 161.1570 |
| Class |  |  | (CHF hedged) Q-dist |
| Number of shares outstanding at the beginning of the period |  |  | 53 033.6110 |
| Number of shares issued |  |  | 250.0000 |
| Number of shares redeemed |  |  | -7 624.6110 |
| Number of shares outstanding at the end of the period |  |  | 45 659.0000 |
| Class |  |  | (EUR hedged) Q-dist |
| Number of shares outstanding at the beginning of the period |  |  | 110 739.7750 |
| Number of shares issued |  |  | 25 025.2420 |
| Number of shares redeemed |  |  | -1 850.0000 |
| Number of shares outstanding at the end of the period |  |  | 133 915.0170 |
| Class |  |  | Q-mdist |
| Number of shares outstanding at the beginning of the period |  |  | 7 884.1380 |
| Number of shares issued |  |  | 0.0000 |
| Number of shares redeemed |  |  | -2 993.1380 |
| Number of shares outstanding at the end of the period |  |  | 4 891.0000 |
| Class |  |  | U-X-UKdist-mdist |
| Number of shares outstanding at the beginning of the period |  |  | 1 264.0000 |
| Number of shares issued |  |  | 4.0000 |
| Number of shares redeemed |  |  | -197.0000 |
| Number of shares outstanding at the end of the period |  |  | 1 071.0000 |
| Annual Distribution 1 |  |  |  |
| UBS (Lux) Bond SICAV – Floating Rate Income (USD)	Ex-Date | Pay-Date | Currency | Amount per share |
| P-dist	3.8.2020 | 6.8.2020 | USD | 5.11 |
| (CHF hedged) P-dist	3.8.2020 | 6.8.2020 | CHF | 3.44 |
| (EUR hedged) P-dist	3.8.2020 | 6.8.2020 | EUR | 5.36 |
| Q-dist	3.8.2020 | 6.8.2020 | USD | 5.04 |
| (CHF hedged) Q-dist	3.8.2020 | 6.8.2020 | CHF | 3.71 |
| (EUR hedged) Q-dist	3.8.2020 | 6.8.2020 | EUR | 3.58 |
| Monthly Distribution 1 |  |  |  |
| UBS (Lux) Bond SICAV – Floating Rate Income (USD)	Ex-Date | Pay-Date | Currency | Amount per share |
| K-1-mdist	15.6.2020 | 18.6.2020 | USD | 17 000.00 |
| K-1-mdist	15.7.2020 | 20.7.2020 | USD | 17 000.00 |
| K-1-mdist	17.8.2020 | 20.8.2020 | USD | 17 000.00 |
| K-1-mdist	15.9.2020 | 18.9.2020 | USD | 17 477.49 |
| K-1-mdist	15.10.2020 | 20.10.2020 | USD | 17 313.80 |
| K-1-mdist	16.11.2020 | 19.11.2020 | USD | 17 469.45 |
| (HKD) K-1-mdist	15.6.2020 | 18.6.2020 | HKD | 130 000.00 |
| (HKD) K-1-mdist	15.7.2020 | 20.7.2020 | HKD | 130 000.00 |
| (HKD) K-1-mdist	17.8.2020 | 20.8.2020 | HKD | 133 000.00 |
| (HKD) K-1-mdist	15.9.2020 | 18.9.2020 | HKD | 135 178.32 |
| (HKD) K-1-mdist	15.10.2020 | 20.10.2020 | HKD | 133 923.07 |
| (HKD) K-1-mdist	16.11.2020 | 19.11.2020 | HKD | 133 747.29 |
| 1  See note 5 |  |  |  |
| UBS (Lux) Bond SICAV – Floating Rate Income (USD) Semi-Annual Report as of 30 November 2020 |  |  |  |

| UBS (Lux) Bond SICAV – Floating Rate Income (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| --- | --- | --- | --- | --- |
| P-mdist | 15.6.2020 | 18.6.2020 | USD | 0.34 |
| P-mdist | 15.7.2020 | 20.7.2020 | USD | 0.34 |
| P-mdist | 17.8.2020 | 20.8.2020 | USD | 0.34 |
| P-mdist | 15.9.2020 | 18.9.2020 | USD | 0.35 |
| P-mdist | 15.10.2020 | 20.10.2020 | USD | 0.34 |
| P-mdist | 16.11.2020 | 19.11.2020 | USD | 0.35 |
| (HKD) P-mdist | 15.6.2020 | 18.6.2020 | HKD | 3.30 |
| (HKD) P-mdist | 15.7.2020 | 20.7.2020 | HKD | 3.30 |
| (HKD) P-mdist | 17.8.2020 | 20.8.2020 | HKD | 3.30 |
| (HKD) P-mdist | 15.9.2020 | 18.9.2020 | HKD | 3.34 |
| (HKD) P-mdist | 15.10.2020 | 20.10.2020 | HKD | 3.31 |
| (HKD) P-mdist | 16.11.2020 | 19.11.2020 | HKD | 3.30 |
| Q-mdist | 15.6.2020 | 18.6.2020 | USD | 0.35 |
| Q-mdist | 15.7.2020 | 20.7.2020 | USD | 0.35 |
| Q-mdist | 17.8.2020 | 20.8.2020 | USD | 0.35 |
| Q-mdist | 15.9.2020 | 18.9.2020 | USD | 0.36 |
| Q-mdist | 15.10.2020 | 20.10.2020 | USD | 0.35 |
| Q-mdist | 16.11.2020 | 19.11.2020 | USD | 0.36 |
| U-X-UKdist-mdist | 15.6.2020 | 18.6.2020 | USD | 12.12 |
| U-X-UKdist-mdist | 15.7.2020 | 20.7.2020 | USD | 44.75 |
| U-X-UKdist-mdist | 17.8.2020 | 20.8.2020 | USD | 38.15 |
| U-X-UKdist-mdist | 15.9.2020 | 18.9.2020 | USD | 31.02 |
| U-X-UKdist-mdist | 15.10.2020 | 20.10.2020 | USD | 15.16 |
| U-X-UKdist-mdist | 16.11.2020 | 19.11.2020 | USD | 11.10 |

UBS (Lux) Bond SICAV – Floating Rate Income (USD) Semi-Annual Report as of 30 November 2020

## Statement of Investments in Securities and other Net Assets as of 30 November 2020
| 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	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 1 225 000.00 | 1 562 424.11 | 0.91 |
| EUR	ARD FINANCE SA-REG-S (PIK) 5.00000% 19-30.06.27 | 1 035 000.00 | 1 257 500.44 | 0.73 |
| EUR	BALL CORP 4.37500% 15-15.12.23 | 1 550 000.00 | 2 044 423.27 | 1.19 |
| EUR	COGENT COMMUNICATIONS GROUP INC-REG-S 4.37500% 19-30.06.24 | 2 710 000.00 | 3 338 468.44 | 1.94 |
| EUR	CONSUS REAL ESTATE AG-REG-S 9.62500% 19-15.05.24 | 380 000.00 | 485 256.72 | 0.28 |
| EUR	DKT FINANCE APS-REG-S 7.00000% 18-17.06.23 | 2 500 000.00 | 3 075 938.58 | 1.79 |
| EUR	NIDDA HEALTHCARE HOLDING AG-REG-S 3.50000% 17-30.09.24 | 800 000.00 | 956 960.00 | 0.56 |
| EUR	SOFTBANK GROUP CORP-REG-S 4.00000% 18-20.04.23 | 2 200 000.00 | 2 739 958.30 | 1.60 |
| EUR	VALEANT PHARMACEUTICALS INTL-REG-S 4.50000% 15-15.05.23 | 2 050 000.00 | 2 454 662.21 | 1.43 |
| Total EUR |  | 17 915 592.07 | 10.43 |
| GBP |  |  |  |
| GBP	PINNACLE BIDCO PLC-REG-S 6.37500% 18-15.02.25 | 500 000.00 | 664 247.45 | 0.39 |
| Total GBP |  | 664 247.45 | 0.39 |
| USD |  |  |  |
| USD	ARDAGH PACKAGING FINANCE/MP-144A 4.12500% 19-15.08.26 | 200 000.00 | 207 500.00 | 0.12 |
| USD	BARCLAYS BANK PLC-144A-SUB 10.17900% 09-12.06.21 | 2 450 000.00 | 2 567 021.31 | 1.50 |
| USD	BOMBARDIER INC-144A 8.75000% 16-01.12.21 | 2 100 000.00 | 2 152 395.00 | 1.25 |
| USD	BUCKEYE PARTNERS L P 4.15000% 13-01.07.23 | 630 000.00 | 636 300.00 | 0.37 |
| USD	CENTURYLINK INC 6.45000% 11-15.06.21 | 1 350 000.00 | 1 383 750.00 | 0.81 |
| USD	CENTURYLINK INC 6.75000% 13-01.12.23 | 1 240 000.00 | 1 375 222.00 | 0.80 |
| USD	EQT MIDSTREAM PARTNERS LP 4.75000% 18-15.07.23 | 310 000.00 | 316 200.00 | 0.18 |
| USD	FORD MOTOR CREDIT CO LLC 5.87500% 11-02.08.21 | 5 500 000.00 | 5 630 570.00 | 3.28 |
| USD	HCA INC 5.87500% 12-01.05.23 | 1 740 000.00 | 1 903 125.00 | 1.11 |
| USD	HILLENBRAND INC 5.75000% 20-15.06.25 | 1 250 000.00 | 1 337 500.00 | 0.78 |
| USD	INTERNATIONAL GAME TECHNOLOGY PLC-144A 6.25000% 15-15.02.22 | 532 000.00 | 547 321.60 | 0.32 |
| USD	NETFLIX INC 5.87500% 15-15.02.25 | 1 100 000.00 | 1 256 750.00 | 0.73 |
| USD	NUSTAR LOGISTICS LP 4.75000% 12-01.02.22 | 800 000.00 | 810 000.00 | 0.47 |
| USD	SPRINGLEAF FINANCE CORP 7.75000% 13-01.10.21 | 1 400 000.00 | 1 466 500.00 | 0.85 |
| USD	SPRINT CORP 7.25000% 14-15.09.21 | 2 200 000.00 | 2 290 750.00 | 1.33 |
| USD	SPRINT CORP 7.87500% 14-15.09.23 | 1 000 000.00 | 1 153 345.70 | 0.67 |
| USD	TENET HEALTHCARE CORP 4.62500% 17-15.07.24 | 1 750 000.00 | 1 780 625.00 | 1.04 |
| USD	VIRGIN AUSTRALIA HOLDINGS LTD-REG-S 7.87500% 16-15.10.21 | 762 000.00 | 45 720.00 | 0.03 |
| USD	WESTERN MIDSTREAM OPERATING LP 5.37500% 11-01.06.21 | 965 000.00 | 972 237.50 | 0.57 |
| Total USD |  | 27 832 833.11 | 16.21 |
| Total Notes, fixed rate |  | 46 412 672.63 | 27.03 |
| Notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	BORMIOLI PHARMA BIDCO SPA-REG-S 3M EURIBOR+350BP 17-15.11.24 | 1 800 000.00 | 2 083 182.30 | 1.21 |
| EUR	GARFUNKELUX HOLDCO 3 SA-REG-S 3M EURIBOR+625BP 20-01.05.26 | 800 000.00 | 955 859.50 | 0.56 |
| EUR	LINCOLN FINANCING SARL-REG-S 3M EURIBOR+387.5BP 19-01.04.24 | 1 750 000.00 | 2 093 391.87 | 1.22 |
| EUR	MARCOLIN SPA-REG-S 3M EURIBOR+412.5BP 17-15.02.23 | 551 000.00 | 609 732.55 | 0.36 |
| EUR	SYNLAB BONDCO PLC-REG-S 3M EURIBOR+475BP 20-01.07.25 | 2 315 000.00 | 2 819 303.42 | 1.64 |
| EUR	UNITED GROUP BV-REG-S 3M EURIBOR+412.5BP 19-15.05.25 | 2 410 000.00 | 2 883 274.44 | 1.68 |
| Total EUR |  | 11 444 744.08 | 6.67 |
| GBP |  |  |  |
| GBP	MILLER HOMES GROUP HOLD PLC-REG-S 3M LIBOR+525BP 17-15.10.23 | 1 600 000.00 | 677 661.16 | 0.39 |
| GBP	PREMIER FOODS FINANCE PLC-REG-S 3M LIBOR+500BP 17-15.07.22 | 1 162 964.00 | 1 555 254.54 | 0.91 |
| Total GBP |  | 2 232 915.70 | 1.30 |
| USD |  |  |  |
| USD	GENERAL MOTORS FINANCIAL CO INC 3M LIBOR+131BP 17-30.06.22 | 2 000 000.00 | 2 011 500.00 | 1.17 |
| USD	MORGAN STANLEY-SUB STEP DOWN 14-PRP | 1 500 000.00 | 1 492 545.00 | 0.87 |
| Total USD |  | 3 504 045.00 | 2.04 |
| Total Notes, floating rate |  | 17 181 704.78 | 10.01 |
| Medium term notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	AUTOSTRADE PER L’ITALIA SPA-REG-S 1.75000% 16-01.02.27 | 430 000.00 | 505 364.59 | 0.29 |
| EUR	FIAT CHRYSLER AUTOMOBILES NV-REG-S 3.75000% 16-29.03.24 | 1 750 000.00 | 2 290 334.23 | 1.33 |
| EUR	ORANO SA 4.87500% 09-23.09.24 | 900 000.00 | 1 227 966.53 | 0.72 |
| Total EUR |  | 4 023 665.35 | 2.34 |
| Total Medium term notes, fixed rate |  | 4 023 665.35 | 2.34 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ALTICE FRANCE-REG-S 2.50000% 19-15.01.25 | 1 275 000.00 | 1 490 839.00 | 0.87 |
| EUR	CONSTANTIN INVEST-REG-S 5.37500% 17-15.04.25 | 650 000.00 | 794 091.39 | 0.46 |
| EUR	MATTERHORN TELECOM SA-REG-S 2.62500% 19-15.09.24 | 1 910 000.00 | 2 318 985.71 | 1.35 |
| EUR	VIVION INVESTMENTS SARL-REG-S 3.00000% 19-08.08.24 | 400 000.00 | 465 321.80 | 0.27 |
| Total EUR |  | 5 069 237.90 | 2.95 |
| GBP |  |  |  |
| GBP	GALAXY BIDCO LTD-REG-S 6.50000% 19-31.07.26 | 1 750 000.00 | 2 431 337.66 | 1.42 |
| GBP	JERROLD FINCO PLC-REG-S 4.87500% 20-15.01.26 | 1 945 000.00 | 2 557 722.17 | 1.49 |
| Total GBP |  | 4 989 059.83 | 2.91 |

UBS (Lux) Bond SICAV – Floating Rate Income (USD) Semi-Annual Report as of 30 November 2020
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| USD |  |  |  |  |
| USD | ALLY FINANCIAL INC 4.62500% 15-19.05.22 | 1 050 000.00 | 1 110 721.19 | 0.65 |
| USD | CANPACK SA AND EASTERN PA-144A 3.12500% 20-01.11.25 | 40 000.00 | 40 600.00 | 0.02 |
| Total USD |  |  | 1 151 321.19 | 0.67 |
| Total Bonds, fixed rate |  | 11 209 618.92 | 6.53 |
| Bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	ARENA LUXEMBOURG FIN SARL-REG-S 3M EURIBOR+200BP 20-01.02.27 | 1 000 000.00 | 1 168 687.40 | 0.68 |
| EUR	AUTODIS SA-REG-S 6M EURIBOR+437.5BP 16-01.05.22 | 300 000.00 | 211 831.93 | 0.12 |
| EUR	IPDEBV 3M EURIBOR+550 BP 20-01.12.25 | 750 000.00 | 896 941.86 | 0.52 |
| EUR	PICARD GROUPE SA-REG-S 3M EURIBOR+300BP 17-30.11.23 | 2 180 000.00 | 2 593 024.14 | 1.51 |
| EUR	PLT VII FINANCE SARL-REG-S 3M LIBOR+462.5BP 20-05.01.26 | 1 540 000.00 | 1 855 020.93 | 1.08 |
| EUR	TRIVIUM PACKAGING FIN BV-REG-S 3M EURIBOR+375BP 19-15.08.26 | 2 330 000.00 | 2 783 662.07 | 1.62 |
| EUR	VERISURE HOLDING AB-REG-S 3M EURIBOR+500BP 20-15.04.25 | 1 250 000.00 | 1 532 392.01 | 0.89 |
| EUR	VERTICAL MIDCO GMBH-REG-S 3M EURIBOR+475BP 20-15.07.27 | 1 000 000.00 | 1 214 143.00 | 0.71 |
| Total EUR |  | 12 255 703.34 | 7.13 |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP-SUB 6.500%/VAR 14-PRP | 1 000 000.00 | 1 127 500.00 | 0.66 |
| USD	CITIGROUP INC-SUB 5.950%/3M LIBOR+406.8BP 12-PRP | 1 500 000.00 | 1 578 750.00 | 0.92 |
| USD	JPMORGAN CHASE & CO-SUB 6.000%/3M LIBOR+330BP 13-PRP | 1 500 000.00 | 1 573 860.00 | 0.92 |
| USD	JPMORGAN CHASE &CO-SUB 5.000%/VAR 14-PRP | 2 200 000.00 | 2 139 500.00 | 1.24 |
| Total USD |  | 6 419 610.00 | 3.74 |
| Total Bonds, floating rate |  | 18 675 313.34 | 10.87 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 97 502 975.02 | 56.78 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Asset Backed Securities, floating rate |  |  |  |
| USD |  |  |  |
| USD	ARES XXVII CLO LTD-144A 3M LIBOR+375BP 17-28.07.29 | 1 000 000.00 | 1 007 217.00 | 0.59 |
| USD	CIFC FUNDING-144A 3M LIBOR+285BP 18-20.04.31 | 2 500 000.00 | 2 385 430.75 | 1.39 |
| USD	GALAXY XIX CLO LTD-144A 3M LIBOR+337BP 17-24.07.30 | 3 000 000.00 | 2 901 917.10 | 1.69 |
| USD	LCM XV LP-144A 3M LIBOR+370BP 17-20.07.30 | 250 000.00 | 239 125.50 | 0.14 |
| USD	SOUND POINT CLO XVII-144A 3M LIBOR+300BP 17-20.10.30 | 2 000 000.00 | 1 907 706.80 | 1.11 |
| USD	ZAIS CLO 7 LTD-144A 3M LIBOR+375BP 17-15.04.30 | 1 512 500.00 | 1 237 848.45 | 0.72 |
| Total USD |  | 9 679 245.60 | 5.64 |
| Total Asset Backed Securities, floating rate |  | 9 679 245.60 | 5.64 |
| Mortgage Backed Securities, floating rate |  |  |  |
| USD |  |  |  |
| USD	BAMLL COMMERCIAL MORT SET-144A 1M LIBOR+135BP 18-15.09.34 | 1 000 000.00 | 952 396.60 | 0.56 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+175BP 19-15.12.37 | 750 000.00 | 744 359.48 | 0.43 |
| USD	CSWF TOP-144A-SUB FLR 18-15.08.35 | 1 250 000.00 | 926 122.60 | 0.54 |
| Total USD |  | 2 622 878.68 | 1.53 |
| Total Mortgage Backed Securities, floating rate |  | 2 622 878.68 | 1.53 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	1011778 BC ULC/NEW RED FINANCE INC-144A 4.25000% 17-15.05.24 | 772 000.00 | 787 687.04 | 0.46 |
| USD	ALBERTSONS COS LLC / SAFEWAY INC-144A 3.50000% 20-15.02.23 | 1 160 000.00 | 1 189 000.00 | 0.69 |
| USD	CENOVUS ENERGY INC 3.00000% 12-15.08.22 | 250 000.00 | 250 658.70 | 0.15 |
| USD	COGENT COMMUNICATIONS GROUP INC-144A 5.37500% 15-01.03.22 | 3 560 000.00 | 3 652 417.60 | 2.13 |
| USD	COMMSCOPE INC-144A 5.50000% 19-01.03.24 | 975 000.00 | 1 001 812.50 | 0.58 |
| USD	COTT HOLDINGS INC-144A 5.50000% 17-01.04.25 | 1 005 000.00 | 1 038 918.75 | 0.60 |
| USD	CSN RESOURCES SA-144A 7.62500% 18-13.02.23 | 1 300 000.00 | 1 356 915.69 | 0.79 |
| USD	DCP MIDSTREAM OPERATING LP-144A 4.75000% 11-30.09.21 | 935 000.00 | 947 856.25 | 0.55 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 5.45000% 16-15.06.23 | 2 400 000.00 | 2 649 517.68 | 1.54 |
| USD	DELTA AIR LINES INC / SKYMILES LTD-144A 4.50000% 20-20.10.25 | 165 000.00 | 174 180.35 | 0.10 |
| USD	DELTA AIR LINES INC-144A 7.00000% 20-01.05.25 | 900 000.00 | 1 028 203.83 | 0.60 |
| USD	GENESIS ENERGY LP 6.00000% 15-15.05.23 | 950 000.00 | 921 452.50 | 0.54 |
| USD	HANESBRANDS INC-144A 5.37500% 20-15.05.25 | 500 000.00 | 532 190.00 | 0.31 |
| USD	HERBALIFE NTRTON LTD/HLF FING INC-144A 7.87500% 20-01.09.25 | 450 000.00 | 493 875.00 | 0.29 |
| USD	JSL EUROPE SA-144A 7.75000% 17-26.07.24 | 1 015 000.00 | 1 078 133.00 | 0.63 |
| USD	LADDER CAPITAL FIN HLDG LLLP/CORP-144A 5.25000% 17-01.10.25 | 240 000.00 | 231 000.00 | 0.13 |
| USD	LIFEPOINT HEALTH INC-144A 6.75000% 20-15.04.25 | 750 000.00 | 800 625.00 | 0.47 |
| USD	MEG ENERGY CORP-144A 7.00000% 13-31.03.24 | 675 000.00 | 678 375.00 | 0.39 |
| USD	NABORS INDUSTRIES INC 4.62500% 12-15.09.21 | 2 160 000.00 | 1 834 639.20 | 1.07 |
| USD	NAVIENT CORP 6.62500% 16-26.07.21 | 1 600 000.00 | 1 636 000.00 | 0.95 |
| USD	NAVISTAR INTERNATIONAL CORP-144A 9.50000% 20-01.05.25 | 450 000.00 | 503 437.50 | 0.29 |
| USD	NEWELL BRANDS INC 4.87500% 20-01.06.25 | 850 000.00 | 939 250.00 | 0.55 |
| USD	NOVA CHEMICALS CORP-144A 5.25000% 13-01.08.23 | 2 100 000.00 | 2 105 250.00 | 1.23 |
| USD	NUSTAR LOGISTICS LP 6.75000% 13-01.02.21 | 885 000.00 | 886 327.50 | 0.52 |
| USD	NXP BV / NXP FUNDING LLC-144A 4.62500% 16-01.06.23 | 1 000 000.00 | 1 095 378.30 | 0.64 |
| USD	SCIENTIFIC GAMES INTERNATIONAL-144A 5.00000% 17-15.10.25 | 1 200 000.00 | 1 234 500.00 | 0.72 |
| USD	SIRIUS XM RADIO INC-144A 4.62500% 19-15.07.24 | 2 100 000.00 | 2 175 348.00 | 1.27 |
| USD	VIRGIN AUSTRALIA HOLDINGS LTD-144A 7.87500% 16-15.10.21 | 76 000.00 | 5 605.00 | 0.00 |
| USD	WASTE PRO USA INC-144A 5.50000% 18-15.02.26 | 500 000.00 | 516 250.00 | 0.30 |
| USD	WILLIAM CARTER COMPANY-144A 5.62500% 19-15.03.27 | 330 000.00 | 347 737.50 | 0.20 |
| Total USD |  | 32 092 541.89 | 18.69 |
| Total Notes, fixed rate |  | 32 092 541.89 | 18.69 |

UBS (Lux) Bond SICAV – Floating Rate Income (USD) Semi-Annual Report as of 30 November 2020
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	CAPITAL ONE FINANCIAL CORP 3M LIBOR+72BP 18-30.01.23 | 3 000 000.00 | 3 014 161.80 | 1.75 |
| USD	MACQUARIE GROUP LTD-144A 3.189%/VAR 17-28.11.23 | 1 000 000.00 | 1 044 430.00 | 0.61 |
| Total USD |  | 4 058 591.80 | 2.36 |
| Total Notes, floating rate |  | 4 058 591.80 | 2.36 |
| Medium term notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	GOLDMAN SACHS GROUP 3M LIBOR+160BP 13-29.11.23 | 2 500 000.00 | 2 584 239.50 | 1.51 |
| Total USD |  | 2 584 239.50 | 1.51 |
| Total Medium term notes, floating rate |  | 2 584 239.50 | 1.51 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	PANTHER BF AGGR 2/PANTHER FIN CO-REG-S 4.37500% 19-15.05.26 | 700 000.00 | 865 223.42 | 0.50 |
| Total EUR |  | 865 223.42 | 0.50 |
| Total Bonds, fixed rate |  | 865 223.42 | 0.50 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 51 902 720.89 | 30.23 |

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 | CDW LLC/CDW FINANCE CORP 4.12500% 20-01.05.25 | 1 245 000.00 | 1 291 687.50 | 0.75 |
| Total USD |  |  | 1 291 687.50 | 0.75 |
| Total Notes, fixed rate | 1 291 687.50 | 0.75 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market | 1 291 687.50 | 0.75 |
| Recently issued transferable securities and money market instruments |  |  |
| Notes, fixed rate |  |  |
| USD |  |  |
| USD	VICI PROPERTIES LP /VCI NTE CO INC-144A 3.50000% 20-15.02.25	70 000.00 | 71 400.00 | 0.04 |
| Total USD | 71 400.00 | 0.04 |
| Total Notes, fixed rate | 71 400.00 | 0.04 |
| Total Recently issued transferable securities and money market instruments | 71 400.00 | 0.04 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |  |
| Investment funds, open end |  |  |
| Ireland |  |  |
| USD	ISHARES USD HIGH YIELD CORPORATE BOND UCITS ETF	56 001.00 | 5 673 461.31 | 3.31 |
| Total Ireland | 5 673 461.31 | 3.31 |
| Luxembourg |  |  |
| EUR	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC	28 000.00 | 4 586 278.65 | 2.67 |
| USD	UBS (LUX) BOND SICAV - ASIAN HIGH YIELD U-X-ACC	451.00 | 5 531 591.67 | 3.22 |
| Total Luxembourg | 10 117 870.32 | 5.89 |
| Total Investment funds, open end | 15 791 331.63 | 9.20 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 15 791 331.63 | 9.20 |
| Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  |  |
| Options on other swaps, classic-styled |  |  |
| USD |  |  |
| USD	JPM/CDX.NA.HY.35 SWAPTION PUT 102.00000 21-20.01.21	-7 000 000.00 | -15 538.60 | -0.01 |
| USD	JPM/CDX.NA.HY.35 SWAPTION PUT 104.00000 21-20.01.21	-7 000 000.00 | -21 153.30 | -0.01 |
| USD	JPM/CDX.NA.HY.35 SWAPTION PUT 104.00000 21-20.01.21	-7 000 000.00 | -21 153.30 | -0.01 |
| Total USD | -57 845.20 | -0.03 |
| Total Options on other swaps, classic-styled | -57 845.20 | -0.03 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market | -57 845.20 | -0.03 |
| Total investments in securities | 166 502 269.84 | 96.97 |

UBS (Lux) Bond SICAV – Floating Rate Income (USD) Semi-Annual Report as of 30 November 2020
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |


## Derivative instruments
Derivative instruments not listed on an official stock exchange and not traded on another regulated market
Swaps and forward swaps on interest rates
| USD USD | CME/INTEREST RATE SWAP PAYER 5.25000% 17-05.12.21 CME/INTEREST RATE SWAP REC 3ML 17-05.12.21 | -10 000 000.00 | -375 667.04 | -0.22 |
| --- | --- | --- | --- | --- |
| USD | CME/INTEREST RATE SWAP PAYER 6.20000% 17-14.12.21 | -2 700 000.00 | -108 386.82 | -0.06 |
| USD | CME/INTEREST RATE SWAP REC 3ML 17-14.12.21 |  |  |  |
| USD | CME/INTEREST RATE SWAP PAYER 6.10000% 17-15.12.22 | -2 700 000.00 | -159 771.37 | -0.09 |
| USD | CME/INTEREST RATE SWAP REC 3ML 17-15.12.22 |  |  |  |
| USD | CME/INTEREST RATE SWAP PAYER 5.50000% 17-18.12.22 | -6 000 000.00 | -350 560.36 | -0.20 |
| USD | CME/INTEREST RATE SWAP REC 3ML 17-18.12.22 |  |  |  |
| USD | CME/INTEREST RATE SWAP PAYER 3.84000% 18-03.07.21 | -8 000 000.00 | -197 606.07 | -0.11 |
| USD | CME/INTEREST RATE SWAP REC 3ML 18-03.07.21 |  |  |  |
| EUR | LCH/INTEREST RATE SWAP PAYER 3.29000% 18-26.03.22 | -7 000 000.00 | -232 800.69 | -0.14 |
| EUR | LCH/INTEREST RATE SWAP REC 6ME 18-26.03.22 |  |  |  |
| EUR | LCH/INTEREST RATE SWAP PAYER 3.73000% 18-30.05.23 | -7 000 000.00 | -336 577.53 | -0.20 |
| EUR | LCH/INTEREST RATE SWAP REC 6ME 18-30.05.23 |  |  |  |
| USD | CME/INTEREST RATE SWAP PAYER 5.88000% 18-07.06.21 | -8 000 000.00 | -274 160.37 | -0.16 |
| USD | CME/INTEREST RATE SWAP REC 3ML 18-07.06.21 |  |  |  |
| USD | CME/INTEREST RATE SWAP PAYER 5.70000% 19-28.02.24 | -11 000 000.00 | -954 552.65 | -0.56 |
| USD | CME/INTEREST RATE SWAP REC 3ML 19-28.02.24 |  |  |  |
| EUR | CME/INTEREST RATE SWAP PAYER 3.40000% 19-04.11.23 | -5 000 000.00 | -37 920.34 | -0.02 |
| EUR | CME/INTEREST RATE SWAP REC 6MEIB 19-04.11.23 |  |  |  |
| EUR | CME/INTEREST RATE SWAP PAYER 4.00000% 19-04.11.22 | -10 000 000.00 | -44 063.67 | -0.03 |
| EUR | CME/INTEREST RATE SWAP REC 6MEIB 19-04.11.22 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 5.70000% 20-25.03.25 | -3 500 000.00 | -66 955.00 | -0.04 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 20-25.03.25 |  |  |  |
| EUR | LCH/IINTEREST RATE SWAP PAYER 3.78000% 20-27.09.24 | -9 500 000.00 | -155 674.39 | -0.09 |
| EUR | LCH/INTEREST RATE SWAP REC 6ME 20-27.09.24 |  |  |  |
| EUR | LCH/IINTEREST RATE SWAP PAYER 4.00000% 20-02.06.23 | -8 500 000.00 | -46 261.82 | -0.03 |
| EUR | LCH/INTEREST RATE SWAP REC 6ME 20-02.06.23 |  |  |  |
| USD | CME/INTEREST RATE SWAP PAYER 5.90000% 20-02.06.23 | -6 500 000.00 | -99 916.92 | -0.06 |
| USD | CME/INTEREST RATE SWAP REC 3ML 20-02.06.23 |  |  |  |
| USD | CME/INTEREST RATE SWAP PAYER 5.00000% 20-01.07.23 | -12 000 000.00 | -145 027.87 | -0.08 |
| USD | CME/INTEREST RATE SWAP REC 3ML 20-01.07.23 |  |  |  |
| Total Swaps and forward swaps on interest rates |  | -3 585 902.91 | -2.09 |
| Credit default swaps* |  |  |  |
|  |  |  |  |
| USD	ICE/CDX.NA.HY.34 CDI REC 5.00000% 20-20.06.25 | 6 118 000.00 | 599 014.06 | 0.35 |
| Total Credit default swaps |  | 599 014.06 | 0.35 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  | -2 986 888.85 | -1.74 |
| Total Derivative instruments |  | -2 986 888.85 | -1.74 |
| Forward Foreign Exchange contracts |  |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| USD | 9 742 387.84 | GBP | 7 360 000.00 | 14.1.2021 | -90 058.05 | -0.05 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 18 654 100.00 | USD | 20 522 722.63 | 14.1.2021 | 118 345.01 | 0.07 |
| USD | 55 667 232.20 | EUR | 46 840 000.00 | 14.1.2021 | -441 888.76 | -0.26 |
| EUR | 50 155 100.00 | USD | 59 607 079.37 | 14.1.2021 | 473 163.43 | 0.27 |
| USD | 187 416.83 | EUR | 157 700.00 | 14.1.2021 | -1 490.27 | 0.00 |
| EUR | 2 765 000.00 | USD | 3 275 931.35 | 14.1.2021 | 36 231.75 | 0.02 |
| USD | 280 712.84 | EUR | 236 100.00 | 14.1.2021 | -2 108.75 | 0.00 |
| USD | 881 945.69 | EUR | 740 000.00 | 14.1.2021 | -4 492.17 | 0.00 |
| USD | 330 215.75 | EUR | 277 800.00 | 14.1.2021 | -2 557.82 | 0.00 |
| USD | 2 442 291.88 | EUR | 2 049 600.00 | 14.1.2021 | -12 901.42 | -0.01 |
| GBP | 795 000.00 | USD | 1 060 356.29 | 14.1.2021 | 1 708.18 | 0.00 |
| USD | 312 608.32 | EUR | 261 100.00 | 14.1.2021 | -160.50 | 0.00 |
| Total Forward Foreign Exchange contracts | 73 790.63 | 0.04 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 9 838 668.45 | 5.73 |
| Bank overdraft and other short-term liabilities | -3 299 345.47 | -1.92 |
| Other assets and liabilities | 1 572 594.27 | 0.92 |
| Total net assets | 171 701 088.87 | 100.00 |
| * Positive nominal: the subfund is “Receiver”, negative nominal: the subfund is “Payer”. |  |  |

UBS (Lux) Bond SICAV – Floating Rate Income (USD) Semi-Annual Report as of 30 November 2020

Translation (ENFR, 2020-11-30):
# UBS (Lux) Bond SICAV – Floating Rate Income (USD)
| Données principales |  |
| --- | --- |
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| Actif net en USD |  | 171 701 088.87 | 197 474 004.06 | 389 562 979.96 |
| Catégorie I-X-acc | LU1776430768 |  |  |  |
| Actions en circulation |  | 8 930.2880 | 8 930.2880 | 66 196.6420 |
| Valeur nette d’inventaire par action en USD |  | 108.10 | 100.57 | 104.60 |
| Prix d’émission et de rachat par action en USD 1 |  | 108.10 | 100.57 | 104.60 |
| Catégorie K-1-acc | LU1679116258 |  |  |  |
| Actions en circulation |  | 0.6000 | 0.8000 | 1.6000 |
| Valeur nette d’inventaire par action en USD |  | 5 305 681.18 | 4 959 339.84 | 5 207 475.24 |
| Prix d’émission et de rachat par action en USD 1 |  | 5 305 681.18 | 4 959 339.84 | 5 207 475.24 |
| Catégorie K-1-mdist | LU1692484782 |  |  |  |
| Actions en circulation |  | 1.3000 | 1.3000 | 2.2000 |
| Valeur nette d’inventaire par action en USD |  | 4 654 913.76 | 4 450 589.93 | 4 891 625.20 |
| Prix d’émission et de rachat par action en USD 1 |  | 4 654 913.76 | 4 450 589.93 | 4 891 625.20 |
| Catégorie (HKD) K-1-mdist | LU1692484865 |  |  |  |
| Actions en circulation |  | 1.4000 | 1.5000 | 3.0000 |
| Valeur nette d’inventaire par action en HKD |  | 36 999 872.78 | 35 344 841.83 | 39 283 149.59 |
| Prix d’émission et de rachat par action en HKD 1 |  | 36 999 872.78 | 35 344 841.83 | 39 283 149.59 |
| Catégorie (EUR hedged) K-X-acc | LU1856011025 |  |  |  |
| Actions en circulation |  | 24 708.5700 | 102 083.0520 | 26 601.3650 |
| Valeur nette d’inventaire par action en EUR |  | 101.27 | 94.74 | 100.92 |
| Prix d’émission et de rachat par action en EUR 1 |  | 101.27 | 94.74 | 100.92 |
| Catégorie P-acc | LU1679112000 |  |  |  |
| Actions en circulation |  | 198 489.2670 | 216 981.7420 | 350 465.1740 |
| Valeur nette d’inventaire par action en USD |  | 104.84 | 98.20 | 103.52 |
| Prix d’émission et de rachat par action en USD 1 |  | 104.84 | 98.20 | 103.52 |
| Catégorie (CHF hedged) P-acc | LU1679114808 |  |  |  |
| Actions en circulation |  | 13 077.4630 | 13 969.2830 | 16 126.8550 |
| Valeur nette d’inventaire par action en CHF |  | 96.59 | 91.06 | 98.79 |
| Prix d’émission et de rachat par action en CHF 1 |  | 96.59 | 91.06 | 98.79 |
| Catégorie (EUR hedged) P-acc | LU1679113404 |  |  |  |
| Actions en circulation |  | 174 066.2740 | 224 989.1560 | 319 305.0850 |
| Valeur nette d’inventaire par action en EUR |  | 97.73 | 92.06 | 99.37 |
| Prix d’émission et de rachat par action en EUR 1 |  | 97.73 | 92.06 | 99.37 |
| Catégorie (GBP hedged) P-acc 2 | LU1685801778 |  |  |  |
| Actions en circulation |  | - | - | 9 626.9400 |
| Valeur nette d’inventaire par action en GBP |  | - | - | 101.05 |
| Prix d’émission et de rachat par action en GBP 1 |  | - | - | 101.05 |
| Catégorie P-dist | LU1679112349 |  |  |  |
| Actions en circulation |  | 38 411.9980 | 35 239.7220 | 75 450.5260 |
| Valeur nette d’inventaire par action en USD |  | 94.03 | 93.01 | 101.06 |
| Prix d’émission et de rachat par action en USD 1 |  | 94.03 | 93.01 | 101.06 |
| Catégorie (CHF hedged) P-dist | LU1679115102 |  |  |  |
| Actions en circulation |  | 36 350.7490 | 36 400.7490 | 36 415.7490 |
| Valeur nette d’inventaire par action en CHF |  | 87.78 | 86.09 | 96.38 |
| Prix d’émission et de rachat par action en CHF 1 |  | 87.78 | 86.09 | 96.38 |
| Catégorie (EUR hedged) P-dist | LU1679113743 |  |  |  |
| Actions en circulation |  | 27 305.7360 | 35 512.6960 | 79 094.7610 |
| Valeur nette d’inventaire par action en EUR |  | 86.81 | 86.97 | 96.91 |
| Prix d’émission et de rachat par action en EUR 1 |  | 86.81 | 86.97 | 96.91 |
| Catégorie P-mdist | LU1679116506 |  |  |  |
| Actions en circulation |  | 74 817.4760 | 98 767.2280 | 214 518.9170 |
| Valeur nette d’inventaire par action en USD |  | 91.98 | 88.14 | 97.25 |
| Prix d’émission et de rachat par action en USD 1 |  | 91.98 | 88.14 | 97.25 |
| Catégorie (HKD) P-mdist | LU1692484949 |  |  |  |
| Actions en circulation |  | 38 112.1910 | 46 117.1910 | 81 511.2990 |
| Valeur nette d’inventaire par action en HKD |  | 913.70 | 874.77 | 976.23 |
| Prix d’émission et de rachat par action en HKD 1 |  | 913.70 | 874.77 | 976.23 |
| Catégorie Q-acc | LU1679112851 |  |  |  |
| Actions en circulation |  | 215 770.9940 | 263 745.8600 | 782 983.7680 |
| Valeur nette d’inventaire par action en USD |  | 106.58 | 99.55 | 104.38 |
| Prix d’émission et de rachat par action en USD 1 |  | 106.58 | 99.55 | 104.38 |
| Catégorie (CHF hedged) Q-acc | LU1679115524 |  |  |  |
| Actions en circulation |  | 107 918.8210 | 125 381.3940 | 219 176.7060 |
| Valeur nette d’inventaire par action en CHF |  | 98.19 | 92.31 | 99.60 |
| Prix d’émission et de rachat par action en CHF 1 |  | 98.19 | 92.31 | 99.60 |

UBS (Lux) Bond SICAV – Floating Rate Income (USD) Rapport semestriel au 30 novembre 2020
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Catégorie (EUR hedged) Q-acc | LU1679114121 |  |  |  |
| Actions en circulation |  | 141 037.8100 | 253 623.1800 | 613 224.8740 |
| Valeur nette d’inventaire par action en EUR |  | 99.37 | 93.34 | 100.19 |
| Prix d’émission et de rachat par action en EUR 1 |  | 99.37 | 93.34 | 100.19 |
| Catégorie (GBP hedged) Q-acc 2 | LU1685808278 |  |  |  |
| Actions en circulation |  | - | - | 16 091.1690 |
| Valeur nette d’inventaire par action en GBP |  | - | - | 101.89 |
| Prix d’émission et de rachat par action en GBP 1 |  | - | - | 101.89 |
| Catégorie Q-dist | LU1679113156 |  |  |  |
| Actions en circulation |  | 72 161.1570 | 76 886.1570 | 101 020.3900 |
| Valeur nette d’inventaire par action en USD |  | 94.93 | 93.53 | 101.62 |
| Prix d’émission et de rachat par action en USD 1 |  | 94.93 | 93.53 | 101.62 |
| Catégorie (CHF hedged) Q-dist | LU1679115953 |  |  |  |
| Actions en circulation |  | 45 659.0000 | 53 033.6110 | 70 701.0000 |
| Valeur nette d’inventaire par action en CHF |  | 88.23 | 86.54 | 96.89 |
| Prix d’émission et de rachat par action en CHF 1 |  | 88.23 | 86.54 | 96.89 |
| Catégorie (EUR hedged) Q-dist | LU1679114550 |  |  |  |
| Actions en circulation |  | 133 915.0170 | 110 739.7750 | 110 110.4120 |
| Valeur nette d’inventaire par action en EUR |  | 89.35 | 87.40 | 97.42 |
| Prix d’émission et de rachat par action en EUR 1 |  | 89.35 | 87.40 | 97.42 |
| Catégorie (GBP hedged) Q-dist 2 | LU1685817428 |  |  |  |
| Actions en circulation |  | - | - | 13 494.7820 |
| Valeur nette d’inventaire par action en GBP |  | - | - | 99.09 |
| Prix d’émission et de rachat par action en GBP 1 |  | - | - | 99.09 |
| Catégorie Q-mdist | LU1891428382 |  |  |  |
| Actions en circulation |  | 4 891.0000 | 7 884.1380 | 24 124.1560 |
| Valeur nette d’inventaire par action en USD |  | 95.30 | 91.05 | 99.90 |
| Prix d’émission et de rachat par action en USD 1 |  | 95.30 | 91.05 | 99.90 |
| Catégorie U-X-UKdist-mdist | LU1839734529 |  |  |  |
| Actions en circulation |  | 1 071.0000 | 1 264.0000 | 1 326.0000 |
| Valeur nette d’inventaire par action en USD |  | 9 691.57 | 9 162.88 | 10 046.49 |
| Prix d’émission et de rachat par action en USD 1 |  | 9 691.57 | 9 162.88 | 10 046.49 |
| 1  Voir note 1 |  |  |  |  |

2 
Les catégories d’actions (GBP hedged) P-acc, (GBP hedged) Q-acc et (GBP hedged) Q-dist étaient en circulation pour la période allant du 1.12.2017 au 14.10.2019

## Structure du portefeuille-titres
Répartition géographique en % de l’actif net	
Etats-Unis	43.01
Luxembourg	12.41
Grande-Bretagne	8.05
Iles Caïmans	5.64
Canada	4.91
France	4.59
Pays-Bas	4.12
Irlande	3.42
Italie	1.86
Danemark	1.79
Slovénie	1.68
Japon	1.60
Allemagne	1.55
Suède	0.89
Brésil	0.79
Australie	0.64
Pologne	0.02
Total	96.97
Répartition économique en % de l’actif net	
Etablissements financiers et sociétés de participation	37.95
Télécommunications	9.46
Banques & instituts de crédit	9.41
Fonds de placement	9.20
Emetteurs d’obligations sécurisées (Pfandbriefe) et
sociétés de refinancement	7.03
Soins de santé & services sociaux	3.46
Internet, logiciels et services informatiques	3.37
Pétrole	2.65
Véhicules	1.84
Machines et appareils	1.55
Produits pharmaceutiques, cosmétiques & médicaux	1.43
Industrie de conditionnement	1.34
Distribution d’énergie & d’eau	1.25
Chimie	1.23
Services divers	1.01
Trafic et transport	0.99
Equipement informatique et de réseau	0.75
Electronique et semi-conducteurs	0.64
Immobilier	0.55
Biens de consommation divers	0.55
Textiles, habillement & maroquinerie	0.51
Photographie et optique	0.35
Environnement et recyclage	0.30
Diverses sociétés commerciales	0.12
Industrie aéronautique et spatiale	0.03
Total	96.97
UBS (Lux) Bond SICAV – Floating Rate Income (USD) Rapport semestriel au 30 novembre 2020

## Etat des actifs nets
Actif	30.11.2020
USD
Portefeuille-titres, cours d’achat	165 404 370.45
| Portefeuille-titres, plus-/(moins)-value non réalisée | 	1 097 899.39	 |
| --- | --- |
| Total du Portefeuille-titres (note 1) | 166 502 269.84 |
| Avoirs en banque, dépôts à vue et à terme | 5 273 982.12 |
| Autres liquidités (marges) | 4 564 686.33 |
| Créances sur achats de titres (note 1) | 694 954.45 |
| Créances sur souscriptions | 23 095.31 |
| Intérêts à recevoir sur titres | 1 869 610.50 |
| Créances sur dividendes | 174.80 |
| Intérêts à recevoir sur swaps (note 1) | 136 826.10 |
| Autres créances | 26 167.05 |
| Bénéfice non réalisé(e) sur contrats de change à terme (note 1) | 73 790.63 |
| Total de l’Actif | 179 165 557.13 |
|  |  |
| Passif |  |
| Perte non réalisé(e) sur swaps (note 1) | -2 986 888.85 |
| Crédit en compte courant | -3 299 345.47 |
| Engagements sur rachats | -1 091 179.69 |
| Provisions pour commission de gestion forfaitaire (note 2) | -65 826.94 |
| Provisions pour taxe d’abonnement (note 3) | -12 673.11 |
| Provisions pour autres commissions et frais (note 2) | 	-8 554.20	 |
| Total des Provisions pour frais | -87 054.25 |
| Total du Passif | -7 464 468.26 |
|  |  |
| Actif net à la fin de la période | 171 701 088.87 |
| Etat des opérations | USD |
| Revenus | 1.6.2020-30.11.2020 |
| Revenus d’intérêts sur liquidités | 659.05 |
| Intérêts sur titres | 3 901 358.20 |
| Dividendes | 130 515.94 |
| Revenus d’intérêts sur swaps (note 1) | 2 738 199.62 |
| Revenus sur prêts de titres (note 12) | 8 901.48 |
| Autres revenus (note 4) | 238 554.35 |
| Total des Revenus | 7 018 188.64 |
|  |  |
| Charges |  |
| Charges d’intérêts sur swaps (note 1) | -3 029 106.03 |
| Commission de gestion forfaitaire (note 2) | -853 905.10 |
| Taxe d’abonnement (note 3) | -41 116.56 |
| Frais sur prêts de titres (note 12) | -3 560.59 |
| Autres commissions et frais (note 2) | -8 433.78 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -19 579.96 |
| Total des Charges | -3 955 702.02 |
|  |  |
| Revenus/pertes net(te)s de placements | 3 062 486.62 |
|  |  |
| Bénéfices/(pertes) réalisé(e)s (note 1) |  |
| Bénéfice/(perte) réalisé(e) sur titres évalués à la valeur de marché hors options | -3 061 540.63 |
| Bénéfice/perte réalisé(e) sur options | 47 040.00 |
| Bénéfice/(perte) réalisé(e) sur contrats de change à terme | 1 484 313.50 |
| Bénéfice/(perte) réalisé(e) sur swaps | -2 759 449.38 |
| Bénéfice/(perte) de change réalisé(e) | 95 108.88 |
| Total des Bénéfices/(pertes) réalisé(e)s | -4 194 527.63 |
|  |  |
| Bénéfice/(perte) net(te) réalisé(e) au cours de la période | -1 132 041.01 |
|  |  |
| Fluctuations de la plus-/(moins)-value non réalisée (note 1) |  |
| Plus-/(moins)-value non réalisée sur titres évalués à la valeur de marché hors options | 16 945 776.96 |
| Plus-/(moins)-value non réalisée sur options | 64 024.80 |
| Plus-/(moins)-value non réalisée sur contrats de change à terme | -407 669.26 |
| Plus-/(moins)-value non réalisée sur swaps | 3 117 283.50 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 19 719 416.00 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 18 587 374.99 |

UBS (Lux) Bond SICAV – Floating Rate Income (USD) Rapport semestriel au 30 novembre 2020
| Fluctuations de l’actif net |  |
| --- | --- |
|  | USD |
|  | 1.6.2020-30.11.2020 |
| Actif net au début de la période | 197 474 004.06 |
| Souscriptions | 4 279 057.38 |
| Rachats | 	-46 323 513.18	 |
| Total des Entrées/(sorties) de capitaux | -42 044 455.80 |
| Dividendes versés | -2 315 834.38 |
| Revenus/pertes net(te)s de placements | 3 062 486.62 |
| Total des Bénéfices/(pertes) réalisé(e)s | -4 194 527.63 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 	19 719 416.00	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 18 587 374.99 |
| Actif net à la fin de la période | 171 701 088.87 |
| Evolution des actions en circulation |  |
|  | 1.6.2020-30.11.2020 |
| Catégorie | I-X-acc |
| Nombre d’actions en circulation au début de la période | 8 930.2880 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 8 930.2880 |
| Catégorie | K-1-acc |
| Nombre d’actions en circulation au début de la période | 0.8000 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -0.2000 |
| Nombre d’actions en circulation à la fin de la période | 0.6000 |
| Catégorie | K-1-mdist |
| Nombre d’actions en circulation au début de la période | 1.3000 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 1.3000 |
| Catégorie | (HKD) K-1-mdist |
| Nombre d’actions en circulation au début de la période | 1.5000 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -0.1000 |
| Nombre d’actions en circulation à la fin de la période | 1.4000 |
| Catégorie | (EUR hedged) K-X-acc |
| Nombre d’actions en circulation au début de la période | 102 083.0520 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -77 374.4820 |
| Nombre d’actions en circulation à la fin de la période | 24 708.5700 |
| Catégorie | P-acc |
| Nombre d’actions en circulation au début de la période | 216 981.7420 |
| Nombre d’actions émises | 320.4160 |
| Nombre d’actions rachetées | -18 812.8910 |
| Nombre d’actions en circulation à la fin de la période | 198 489.2670 |
| Catégorie | (CHF hedged) P-acc |
| Nombre d’actions en circulation au début de la période | 13 969.2830 |
| Nombre d’actions émises | 333.7590 |
| Nombre d’actions rachetées | -1 225.5790 |
| Nombre d’actions en circulation à la fin de la période | 13 077.4630 |
| Catégorie | (EUR hedged) P-acc |
| Nombre d’actions en circulation au début de la période | 224 989.1560 |
| Nombre d’actions émises | 325.4080 |
| Nombre d’actions rachetées | -51 248.2900 |
| Nombre d’actions en circulation à la fin de la période | 174 066.2740 |
| Catégorie | P-dist |
| Nombre d’actions en circulation au début de la période | 35 239.7220 |
| Nombre d’actions émises | 5 000.0000 |
| Nombre d’actions rachetées | -1 827.7240 |
| Nombre d’actions en circulation à la fin de la période | 38 411.9980 |
| Catégorie | (CHF hedged) P-dist |
| Nombre d’actions en circulation au début de la période | 36 400.7490 |
| Nombre d’actions émises | 950.0000 |
| Nombre d’actions rachetées | -1 000.0000 |
| Nombre d’actions en circulation à la fin de la période | 36 350.7490 |
| Catégorie | (EUR hedged) P-dist |
| Nombre d’actions en circulation au début de la période | 35 512.6960 |
| Nombre d’actions émises | 314.7570 |
| Nombre d’actions rachetées | -8 521.7170 |
| Nombre d’actions en circulation à la fin de la période | 27 305.7360 |

UBS (Lux) Bond SICAV – Floating Rate Income (USD) Rapport semestriel au 30 novembre 2020
| Catégorie |  |  | P-mdist |
| --- | --- | --- | --- |
| Nombre d’actions en circulation au début de la période |  |  | 98 767.2280 |
| Nombre d’actions émises |  |  | 351.9960 |
| Nombre d’actions rachetées |  |  | -24 301.7480 |
| Nombre d’actions en circulation à la fin de la période |  |  | 74 817.4760 |
| Catégorie |  |  | (HKD) P-mdist |
| Nombre d’actions en circulation au début de la période |  |  | 46 117.1910 |
| Nombre d’actions émises |  |  | 0.0000 |
| Nombre d’actions rachetées |  |  | -8 005.0000 |
| Nombre d’actions en circulation à la fin de la période |  |  | 38 112.1910 |
| Catégorie |  |  | Q-acc |
| Nombre d’actions en circulation au début de la période |  |  | 263 745.8600 |
| Nombre d’actions émises |  |  | 2 095.5070 |
| Nombre d’actions rachetées |  |  | -50 070.3730 |
| Nombre d’actions en circulation à la fin de la période |  |  | 215 770.9940 |
| Catégorie |  |  | (CHF hedged) Q-acc |
| Nombre d’actions en circulation au début de la période |  |  | 125 381.3940 |
| Nombre d’actions émises |  |  | 1 052.4120 |
| Nombre d’actions rachetées |  |  | -18 514.9850 |
| Nombre d’actions en circulation à la fin de la période |  |  | 107 918.8210 |
| Catégorie |  |  | (EUR hedged) Q-acc |
| Nombre d’actions en circulation au début de la période |  |  | 253 623.1800 |
| Nombre d’actions émises |  |  | 4 114.0970 |
| Nombre d’actions rachetées |  |  | -116 699.4670 |
| Nombre d’actions en circulation à la fin de la période |  |  | 141 037.8100 |
| Catégorie |  |  | Q-dist |
| Nombre d’actions en circulation au début de la période |  |  | 76 886.1570 |
| Nombre d’actions émises |  |  | 1 575.0000 |
| Nombre d’actions rachetées |  |  | -6 300.0000 |
| Nombre d’actions en circulation à la fin de la période |  |  | 72 161.1570 |
| Catégorie |  |  | (CHF hedged) Q-dist |
| Nombre d’actions en circulation au début de la période |  |  | 53 033.6110 |
| Nombre d’actions émises |  |  | 250.0000 |
| Nombre d’actions rachetées |  |  | -7 624.6110 |
| Nombre d’actions en circulation à la fin de la période |  |  | 45 659.0000 |
| Catégorie |  |  | (EUR hedged) Q-dist |
| Nombre d’actions en circulation au début de la période |  |  | 110 739.7750 |
| Nombre d’actions émises |  |  | 25 025.2420 |
| Nombre d’actions rachetées |  |  | -1 850.0000 |
| Nombre d’actions en circulation à la fin de la période |  |  | 133 915.0170 |
| Catégorie |  |  | Q-mdist |
| Nombre d’actions en circulation au début de la période |  |  | 7 884.1380 |
| Nombre d’actions émises |  |  | 0.0000 |
| Nombre d’actions rachetées |  |  | -2 993.1380 |
| Nombre d’actions en circulation à la fin de la période |  |  | 4 891.0000 |
| Catégorie |  |  | U-X-UKdist-mdist |
| Nombre d’actions en circulation au début de la période |  |  | 1 264.0000 |
| Nombre d’actions émises |  |  | 4.0000 |
| Nombre d’actions rachetées |  |  | -197.0000 |
| Nombre d’actions en circulation à la fin de la période |  |  | 1 071.0000 |
| Distribution annuelle 1 |  |  |  |
| UBS (Lux) Bond SICAV – Floating Rate Income (USD)	Date de détachement | Date de versement | Devise | Montant par action |
| P-dist	3.8.2020 | 6.8.2020 | USD | 5.11 |
| (CHF hedged) P-dist	3.8.2020 | 6.8.2020 | CHF | 3.44 |
| (EUR hedged) P-dist	3.8.2020 | 6.8.2020 | EUR | 5.36 |
| Q-dist	3.8.2020 | 6.8.2020 | USD | 5.04 |
| (CHF hedged) Q-dist	3.8.2020 | 6.8.2020 | CHF | 3.71 |
| (EUR hedged) Q-dist	3.8.2020 | 6.8.2020 | EUR | 3.58 |
| Distribution mensuelle 1 |  |  |  |
| UBS (Lux) Bond SICAV – Floating Rate Income (USD)	Date de détachement | Date de versement | Devise | Montant par action |
| K-1-mdist	15.6.2020 | 18.6.2020 | USD | 17 000.00 |
| K-1-mdist	15.7.2020 | 20.7.2020 | USD | 17 000.00 |
| K-1-mdist	17.8.2020 | 20.8.2020 | USD | 17 000.00 |
| K-1-mdist	15.9.2020 | 18.9.2020 | USD | 17 477.49 |
| K-1-mdist	15.10.2020 | 20.10.2020 | USD | 17 313.80 |
| K-1-mdist	16.11.2020 | 19.11.2020 | USD | 17 469.45 |
| (HKD) K-1-mdist	15.6.2020 | 18.6.2020 | HKD | 130 000.00 |
| (HKD) K-1-mdist	15.7.2020 | 20.7.2020 | HKD | 130 000.00 |
| (HKD) K-1-mdist	17.8.2020 | 20.8.2020 | HKD | 133 000.00 |
| (HKD) K-1-mdist	15.9.2020 | 18.9.2020 | HKD | 135 178.32 |
| (HKD) K-1-mdist	15.10.2020 | 20.10.2020 | HKD | 133 923.07 |
| (HKD) K-1-mdist	16.11.2020 | 19.11.2020 | HKD | 133 747.29 |
| 1  Voir note 5 |  |  |  |
| UBS (Lux) Bond SICAV – Floating Rate Income (USD) Rapport semestriel au 30 novembre 2020 |  |  |  |

| UBS (Lux) Bond SICAV |  |
| --- | --- |
| – Floating Rate Income (USD) | Date de détachement | Date de versement | Devise | Montant par action |
| P-mdist | 15.6.2020 | 18.6.2020 | USD | 0.34 |
| P-mdist | 15.7.2020 | 20.7.2020 | USD | 0.34 |
| P-mdist | 17.8.2020 | 20.8.2020 | USD | 0.34 |
| P-mdist | 15.9.2020 | 18.9.2020 | USD | 0.35 |
| P-mdist | 15.10.2020 | 20.10.2020 | USD | 0.34 |
| P-mdist | 16.11.2020 | 19.11.2020 | USD | 0.35 |
| (HKD) P-mdist | 15.6.2020 | 18.6.2020 | HKD | 3.30 |
| (HKD) P-mdist | 15.7.2020 | 20.7.2020 | HKD | 3.30 |
| (HKD) P-mdist | 17.8.2020 | 20.8.2020 | HKD | 3.30 |
| (HKD) P-mdist | 15.9.2020 | 18.9.2020 | HKD | 3.34 |
| (HKD) P-mdist | 15.10.2020 | 20.10.2020 | HKD | 3.31 |
| (HKD) P-mdist | 16.11.2020 | 19.11.2020 | HKD | 3.30 |
| Q-mdist | 15.6.2020 | 18.6.2020 | USD | 0.35 |
| Q-mdist | 15.7.2020 | 20.7.2020 | USD | 0.35 |
| Q-mdist | 17.8.2020 | 20.8.2020 | USD | 0.35 |
| Q-mdist | 15.9.2020 | 18.9.2020 | USD | 0.36 |
| Q-mdist | 15.10.2020 | 20.10.2020 | USD | 0.35 |
| Q-mdist | 16.11.2020 | 19.11.2020 | USD | 0.36 |
| U-X-UKdist-mdist | 15.6.2020 | 18.6.2020 | USD | 12.12 |
| U-X-UKdist-mdist | 15.7.2020 | 20.7.2020 | USD | 44.75 |
| U-X-UKdist-mdist | 17.8.2020 | 20.8.2020 | USD | 38.15 |
| U-X-UKdist-mdist | 15.9.2020 | 18.9.2020 | USD | 31.02 |
| U-X-UKdist-mdist | 15.10.2020 | 20.10.2020 | USD | 15.16 |
| U-X-UKdist-mdist | 16.11.2020 | 19.11.2020 | USD | 11.10 |

UBS (Lux) Bond SICAV – Floating Rate Income (USD) Rapport semestriel au 30 novembre 2020

## Etat du portefeuille-titres et autres actifs nets au 30 novembre 2020
| 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 |  |  |  |
| EUR |  |  |  |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 1 225 000.00 | 1 562 424.11 | 0.91 |
| EUR	ARD FINANCE SA-REG-S (PIK) 5.00000% 19-30.06.27 | 1 035 000.00 | 1 257 500.44 | 0.73 |
| EUR	BALL CORP 4.37500% 15-15.12.23 | 1 550 000.00 | 2 044 423.27 | 1.19 |
| EUR	COGENT COMMUNICATIONS GROUP INC-REG-S 4.37500% 19-30.06.24 | 2 710 000.00 | 3 338 468.44 | 1.94 |
| EUR	CONSUS REAL ESTATE AG-REG-S 9.62500% 19-15.05.24 | 380 000.00 | 485 256.72 | 0.28 |
| EUR	DKT FINANCE APS-REG-S 7.00000% 18-17.06.23 | 2 500 000.00 | 3 075 938.58 | 1.79 |
| EUR	NIDDA HEALTHCARE HOLDING AG-REG-S 3.50000% 17-30.09.24 | 800 000.00 | 956 960.00 | 0.56 |
| EUR	SOFTBANK GROUP CORP-REG-S 4.00000% 18-20.04.23 | 2 200 000.00 | 2 739 958.30 | 1.60 |
| EUR	VALEANT PHARMACEUTICALS INTL-REG-S 4.50000% 15-15.05.23 | 2 050 000.00 | 2 454 662.21 | 1.43 |
| Total EUR |  | 17 915 592.07 | 10.43 |
| GBP |  |  |  |
| GBP	PINNACLE BIDCO PLC-REG-S 6.37500% 18-15.02.25 | 500 000.00 | 664 247.45 | 0.39 |
| Total GBP |  | 664 247.45 | 0.39 |
| USD |  |  |  |
| USD	ARDAGH PACKAGING FINANCE/MP-144A 4.12500% 19-15.08.26 | 200 000.00 | 207 500.00 | 0.12 |
| USD	BARCLAYS BANK PLC-144A-SUB 10.17900% 09-12.06.21 | 2 450 000.00 | 2 567 021.31 | 1.50 |
| USD	BOMBARDIER INC-144A 8.75000% 16-01.12.21 | 2 100 000.00 | 2 152 395.00 | 1.25 |
| USD	BUCKEYE PARTNERS L P 4.15000% 13-01.07.23 | 630 000.00 | 636 300.00 | 0.37 |
| USD	CENTURYLINK INC 6.45000% 11-15.06.21 | 1 350 000.00 | 1 383 750.00 | 0.81 |
| USD	CENTURYLINK INC 6.75000% 13-01.12.23 | 1 240 000.00 | 1 375 222.00 | 0.80 |
| USD	EQT MIDSTREAM PARTNERS LP 4.75000% 18-15.07.23 | 310 000.00 | 316 200.00 | 0.18 |
| USD	FORD MOTOR CREDIT CO LLC 5.87500% 11-02.08.21 | 5 500 000.00 | 5 630 570.00 | 3.28 |
| USD	HCA INC 5.87500% 12-01.05.23 | 1 740 000.00 | 1 903 125.00 | 1.11 |
| USD	HILLENBRAND INC 5.75000% 20-15.06.25 | 1 250 000.00 | 1 337 500.00 | 0.78 |
| USD	INTERNATIONAL GAME TECHNOLOGY PLC-144A 6.25000% 15-15.02.22 | 532 000.00 | 547 321.60 | 0.32 |
| USD	NETFLIX INC 5.87500% 15-15.02.25 | 1 100 000.00 | 1 256 750.00 | 0.73 |
| USD	NUSTAR LOGISTICS LP 4.75000% 12-01.02.22 | 800 000.00 | 810 000.00 | 0.47 |
| USD	SPRINGLEAF FINANCE CORP 7.75000% 13-01.10.21 | 1 400 000.00 | 1 466 500.00 | 0.85 |
| USD	SPRINT CORP 7.25000% 14-15.09.21 | 2 200 000.00 | 2 290 750.00 | 1.33 |
| USD	SPRINT CORP 7.87500% 14-15.09.23 | 1 000 000.00 | 1 153 345.70 | 0.67 |
| USD	TENET HEALTHCARE CORP 4.62500% 17-15.07.24 | 1 750 000.00 | 1 780 625.00 | 1.04 |
| USD	VIRGIN AUSTRALIA HOLDINGS LTD-REG-S 7.87500% 16-15.10.21 | 762 000.00 | 45 720.00 | 0.03 |
| USD	WESTERN MIDSTREAM OPERATING LP 5.37500% 11-01.06.21 | 965 000.00 | 972 237.50 | 0.57 |
| Total USD |  | 27 832 833.11 | 16.21 |
| Total des Billets, taux fixe |  | 46 412 672.63 | 27.03 |
| Billets, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	BORMIOLI PHARMA BIDCO SPA-REG-S 3M EURIBOR+350BP 17-15.11.24 | 1 800 000.00 | 2 083 182.30 | 1.21 |
| EUR	GARFUNKELUX HOLDCO 3 SA-REG-S 3M EURIBOR+625BP 20-01.05.26 | 800 000.00 | 955 859.50 | 0.56 |
| EUR	LINCOLN FINANCING SARL-REG-S 3M EURIBOR+387.5BP 19-01.04.24 | 1 750 000.00 | 2 093 391.87 | 1.22 |
| EUR	MARCOLIN SPA-REG-S 3M EURIBOR+412.5BP 17-15.02.23 | 551 000.00 | 609 732.55 | 0.36 |
| EUR	SYNLAB BONDCO PLC-REG-S 3M EURIBOR+475BP 20-01.07.25 | 2 315 000.00 | 2 819 303.42 | 1.64 |
| EUR	UNITED GROUP BV-REG-S 3M EURIBOR+412.5BP 19-15.05.25 | 2 410 000.00 | 2 883 274.44 | 1.68 |
| Total EUR |  | 11 444 744.08 | 6.67 |
| GBP |  |  |  |
| GBP	MILLER HOMES GROUP HOLD PLC-REG-S 3M LIBOR+525BP 17-15.10.23 | 1 600 000.00 | 677 661.16 | 0.39 |
| GBP	PREMIER FOODS FINANCE PLC-REG-S 3M LIBOR+500BP 17-15.07.22 | 1 162 964.00 | 1 555 254.54 | 0.91 |
| Total GBP |  | 2 232 915.70 | 1.30 |
| USD |  |  |  |
| USD	GENERAL MOTORS FINANCIAL CO INC 3M LIBOR+131BP 17-30.06.22 | 2 000 000.00 | 2 011 500.00 | 1.17 |
| USD	MORGAN STANLEY-SUB STEP DOWN 14-PRP | 1 500 000.00 | 1 492 545.00 | 0.87 |
| Total USD |  | 3 504 045.00 | 2.04 |
| Total des Billets, taux variable |  | 17 181 704.78 | 10.01 |
| Medium-Term Notes, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	AUTOSTRADE PER L’ITALIA SPA-REG-S 1.75000% 16-01.02.27 | 430 000.00 | 505 364.59 | 0.29 |
| EUR	FIAT CHRYSLER AUTOMOBILES NV-REG-S 3.75000% 16-29.03.24 | 1 750 000.00 | 2 290 334.23 | 1.33 |
| EUR	ORANO SA 4.87500% 09-23.09.24 | 900 000.00 | 1 227 966.53 | 0.72 |
| Total EUR |  | 4 023 665.35 | 2.34 |
| Total des Medium-Term Notes, taux fixe |  | 4 023 665.35 | 2.34 |
| Obligations, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	ALTICE FRANCE-REG-S 2.50000% 19-15.01.25 | 1 275 000.00 | 1 490 839.00 | 0.87 |
| EUR	CONSTANTIN INVEST-REG-S 5.37500% 17-15.04.25 | 650 000.00 | 794 091.39 | 0.46 |
| EUR	MATTERHORN TELECOM SA-REG-S 2.62500% 19-15.09.24 | 1 910 000.00 | 2 318 985.71 | 1.35 |
| EUR	VIVION INVESTMENTS SARL-REG-S 3.00000% 19-08.08.24 | 400 000.00 | 465 321.80 | 0.27 |
| Total EUR |  | 5 069 237.90 | 2.95 |
| GBP |  |  |  |
| GBP	GALAXY BIDCO LTD-REG-S 6.50000% 19-31.07.26 | 1 750 000.00 | 2 431 337.66 | 1.42 |
| GBP	JERROLD FINCO PLC-REG-S 4.87500% 20-15.01.26 | 1 945 000.00 | 2 557 722.17 | 1.49 |
| Total GBP |  | 4 989 059.83 | 2.91 |

UBS (Lux) Bond SICAV – Floating Rate Income (USD) Rapport semestriel au 30 novembre 2020
|  | 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 |  |  |  |  |
| USD | ALLY FINANCIAL INC 4.62500% 15-19.05.22 | 1 050 000.00 | 1 110 721.19 | 0.65 |
| USD | CANPACK SA AND EASTERN PA-144A 3.12500% 20-01.11.25 | 40 000.00 | 40 600.00 | 0.02 |
| Total USD |  |  | 1 151 321.19 | 0.67 |
| Total des Obligations, taux fixe |  | 11 209 618.92 | 6.53 |
| Obligations, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	ARENA LUXEMBOURG FIN SARL-REG-S 3M EURIBOR+200BP 20-01.02.27 | 1 000 000.00 | 1 168 687.40 | 0.68 |
| EUR	AUTODIS SA-REG-S 6M EURIBOR+437.5BP 16-01.05.22 | 300 000.00 | 211 831.93 | 0.12 |
| EUR	IPDEBV 3M EURIBOR+550 BP 20-01.12.25 | 750 000.00 | 896 941.86 | 0.52 |
| EUR	PICARD GROUPE SA-REG-S 3M EURIBOR+300BP 17-30.11.23 | 2 180 000.00 | 2 593 024.14 | 1.51 |
| EUR	PLT VII FINANCE SARL-REG-S 3M LIBOR+462.5BP 20-05.01.26 | 1 540 000.00 | 1 855 020.93 | 1.08 |
| EUR	TRIVIUM PACKAGING FIN BV-REG-S 3M EURIBOR+375BP 19-15.08.26 | 2 330 000.00 | 2 783 662.07 | 1.62 |
| EUR	VERISURE HOLDING AB-REG-S 3M EURIBOR+500BP 20-15.04.25 | 1 250 000.00 | 1 532 392.01 | 0.89 |
| EUR	VERTICAL MIDCO GMBH-REG-S 3M EURIBOR+475BP 20-15.07.27 | 1 000 000.00 | 1 214 143.00 | 0.71 |
| Total EUR |  | 12 255 703.34 | 7.13 |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP-SUB 6.500%/VAR 14-PRP | 1 000 000.00 | 1 127 500.00 | 0.66 |
| USD	CITIGROUP INC-SUB 5.950%/3M LIBOR+406.8BP 12-PRP | 1 500 000.00 | 1 578 750.00 | 0.92 |
| USD	JPMORGAN CHASE & CO-SUB 6.000%/3M LIBOR+330BP 13-PRP | 1 500 000.00 | 1 573 860.00 | 0.92 |
| USD	JPMORGAN CHASE &CO-SUB 5.000%/VAR 14-PRP | 2 200 000.00 | 2 139 500.00 | 1.24 |
| Total USD |  | 6 419 610.00 | 3.74 |
| Total des Obligations, taux variable |  | 18 675 313.34 | 10.87 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 97 502 975.02 | 56.78 |
| Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  |  |  |
| Titres adossés à des actifs, taux variable |  |  |  |
| USD |  |  |  |
| USD	ARES XXVII CLO LTD-144A 3M LIBOR+375BP 17-28.07.29 | 1 000 000.00 | 1 007 217.00 | 0.59 |
| USD	CIFC FUNDING-144A 3M LIBOR+285BP 18-20.04.31 | 2 500 000.00 | 2 385 430.75 | 1.39 |
| USD	GALAXY XIX CLO LTD-144A 3M LIBOR+337BP 17-24.07.30 | 3 000 000.00 | 2 901 917.10 | 1.69 |
| USD	LCM XV LP-144A 3M LIBOR+370BP 17-20.07.30 | 250 000.00 | 239 125.50 | 0.14 |
| USD	SOUND POINT CLO XVII-144A 3M LIBOR+300BP 17-20.10.30 | 2 000 000.00 | 1 907 706.80 | 1.11 |
| USD	ZAIS CLO 7 LTD-144A 3M LIBOR+375BP 17-15.04.30 | 1 512 500.00 | 1 237 848.45 | 0.72 |
| Total USD |  | 9 679 245.60 | 5.64 |
| Total des Titres adossés à des actifs, taux variable |  | 9 679 245.60 | 5.64 |
| Titres adossés à des hypothèques, taux variable |  |  |  |
| USD |  |  |  |
| USD	BAMLL COMMERCIAL MORT SET-144A 1M LIBOR+135BP 18-15.09.34 | 1 000 000.00 | 952 396.60 | 0.56 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+175BP 19-15.12.37 | 750 000.00 | 744 359.48 | 0.43 |
| USD	CSWF TOP-144A-SUB FLR 18-15.08.35 | 1 250 000.00 | 926 122.60 | 0.54 |
| Total USD |  | 2 622 878.68 | 1.53 |
| Total des Titres adossés à des hypothèques, taux variable |  | 2 622 878.68 | 1.53 |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	1011778 BC ULC/NEW RED FINANCE INC-144A 4.25000% 17-15.05.24 | 772 000.00 | 787 687.04 | 0.46 |
| USD	ALBERTSONS COS LLC / SAFEWAY INC-144A 3.50000% 20-15.02.23 | 1 160 000.00 | 1 189 000.00 | 0.69 |
| USD	CENOVUS ENERGY INC 3.00000% 12-15.08.22 | 250 000.00 | 250 658.70 | 0.15 |
| USD	COGENT COMMUNICATIONS GROUP INC-144A 5.37500% 15-01.03.22 | 3 560 000.00 | 3 652 417.60 | 2.13 |
| USD	COMMSCOPE INC-144A 5.50000% 19-01.03.24 | 975 000.00 | 1 001 812.50 | 0.58 |
| USD	COTT HOLDINGS INC-144A 5.50000% 17-01.04.25 | 1 005 000.00 | 1 038 918.75 | 0.60 |
| USD	CSN RESOURCES SA-144A 7.62500% 18-13.02.23 | 1 300 000.00 | 1 356 915.69 | 0.79 |
| USD	DCP MIDSTREAM OPERATING LP-144A 4.75000% 11-30.09.21 | 935 000.00 | 947 856.25 | 0.55 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 5.45000% 16-15.06.23 | 2 400 000.00 | 2 649 517.68 | 1.54 |
| USD	DELTA AIR LINES INC / SKYMILES LTD-144A 4.50000% 20-20.10.25 | 165 000.00 | 174 180.35 | 0.10 |
| USD	DELTA AIR LINES INC-144A 7.00000% 20-01.05.25 | 900 000.00 | 1 028 203.83 | 0.60 |
| USD	GENESIS ENERGY LP 6.00000% 15-15.05.23 | 950 000.00 | 921 452.50 | 0.54 |
| USD	HANESBRANDS INC-144A 5.37500% 20-15.05.25 | 500 000.00 | 532 190.00 | 0.31 |
| USD	HERBALIFE NTRTON LTD/HLF FING INC-144A 7.87500% 20-01.09.25 | 450 000.00 | 493 875.00 | 0.29 |
| USD	JSL EUROPE SA-144A 7.75000% 17-26.07.24 | 1 015 000.00 | 1 078 133.00 | 0.63 |
| USD	LADDER CAPITAL FIN HLDG LLLP/CORP-144A 5.25000% 17-01.10.25 | 240 000.00 | 231 000.00 | 0.13 |
| USD	LIFEPOINT HEALTH INC-144A 6.75000% 20-15.04.25 | 750 000.00 | 800 625.00 | 0.47 |
| USD	MEG ENERGY CORP-144A 7.00000% 13-31.03.24 | 675 000.00 | 678 375.00 | 0.39 |
| USD	NABORS INDUSTRIES INC 4.62500% 12-15.09.21 | 2 160 000.00 | 1 834 639.20 | 1.07 |
| USD	NAVIENT CORP 6.62500% 16-26.07.21 | 1 600 000.00 | 1 636 000.00 | 0.95 |
| USD	NAVISTAR INTERNATIONAL CORP-144A 9.50000% 20-01.05.25 | 450 000.00 | 503 437.50 | 0.29 |
| USD	NEWELL BRANDS INC 4.87500% 20-01.06.25 | 850 000.00 | 939 250.00 | 0.55 |
| USD	NOVA CHEMICALS CORP-144A 5.25000% 13-01.08.23 | 2 100 000.00 | 2 105 250.00 | 1.23 |
| USD	NUSTAR LOGISTICS LP 6.75000% 13-01.02.21 | 885 000.00 | 886 327.50 | 0.52 |
| USD	NXP BV / NXP FUNDING LLC-144A 4.62500% 16-01.06.23 | 1 000 000.00 | 1 095 378.30 | 0.64 |
| USD	SCIENTIFIC GAMES INTERNATIONAL-144A 5.00000% 17-15.10.25 | 1 200 000.00 | 1 234 500.00 | 0.72 |
| USD	SIRIUS XM RADIO INC-144A 4.62500% 19-15.07.24 | 2 100 000.00 | 2 175 348.00 | 1.27 |
| USD	VIRGIN AUSTRALIA HOLDINGS LTD-144A 7.87500% 16-15.10.21 | 76 000.00 | 5 605.00 | 0.00 |
| USD	WASTE PRO USA INC-144A 5.50000% 18-15.02.26 | 500 000.00 | 516 250.00 | 0.30 |
| USD	WILLIAM CARTER COMPANY-144A 5.62500% 19-15.03.27 | 330 000.00 | 347 737.50 | 0.20 |
| Total USD |  | 32 092 541.89 | 18.69 |
| Total des Billets, taux fixe |  | 32 092 541.89 | 18.69 |

UBS (Lux) Bond SICAV – Floating Rate Income (USD) Rapport semestriel au 30 novembre 2020
| 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) |  |
| Billets, taux variable |  |  |  |
| USD |  |  |  |
| USD	CAPITAL ONE FINANCIAL CORP 3M LIBOR+72BP 18-30.01.23 | 3 000 000.00 | 3 014 161.80 | 1.75 |
| USD	MACQUARIE GROUP LTD-144A 3.189%/VAR 17-28.11.23 | 1 000 000.00 | 1 044 430.00 | 0.61 |
| Total USD |  | 4 058 591.80 | 2.36 |
| Total des Billets, taux variable |  | 4 058 591.80 | 2.36 |
| Medium-Term Notes, taux variable |  |  |  |
| USD |  |  |  |
| USD	GOLDMAN SACHS GROUP 3M LIBOR+160BP 13-29.11.23 | 2 500 000.00 | 2 584 239.50 | 1.51 |
| Total USD |  | 2 584 239.50 | 1.51 |
| Total des Medium-Term Notes, taux variable |  | 2 584 239.50 | 1.51 |
| Obligations, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	PANTHER BF AGGR 2/PANTHER FIN CO-REG-S 4.37500% 19-15.05.26 | 700 000.00 | 865 223.42 | 0.50 |
| Total EUR |  | 865 223.42 | 0.50 |
| Total des Obligations, taux fixe |  | 865 223.42 | 0.50 |
| Total des Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  | 51 902 720.89 | 30.23 |

Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé
Billets, taux fixe
| USD |  |
| --- | --- |
| USD | CDW LLC/CDW FINANCE CORP 4.12500% 20-01.05.25 | 1 245 000.00 | 1 291 687.50 | 0.75 |
| Total USD |  |  | 1 291 687.50 | 0.75 |
| Total des Billets, taux fixe |  | 1 291 687.50 | 0.75 |
| Total des Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé |  | 1 291 687.50 | 0.75 |
| Nouvelles émissions de titres et instruments du marché monétaire Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	VICI PROPERTIES LP /VCI NTE CO INC-144A 3.50000% 20-15.02.25 | 70 000.00 | 71 400.00 | 0.04 |
| Total USD |  | 71 400.00 | 0.04 |
| Total des Billets, taux fixe |  | 71 400.00 | 0.04 |
| Total des Nouvelles émissions de titres et instruments du marché monétaire |  | 71 400.00 | 0.04 |

OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée
Fonds d’investissement, ouvert
| Irlande |  |
| --- | --- |
| USD | ISHARES USD HIGH YIELD CORPORATE BOND UCITS ETF | 56 001.00 | 5 673 461.31 | 3.31 |
| Total Irlande | 5 673 461.31 | 3.31 |
| Luxembourg |  |  |
| EUR	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC	28 000.00 | 4 586 278.65 | 2.67 |
| USD	UBS (LUX) BOND SICAV - ASIAN HIGH YIELD U-X-ACC	451.00 | 5 531 591.67 | 3.22 |
| Total Luxembourg | 10 117 870.32 | 5.89 |
| Total des Fonds d’investissement, ouvert | 15 791 331.63 | 9.20 |
| Total des OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée | 15 791 331.63 | 9.20 |
| Instruments dérivés non négociés sur une bourse officielle ou sur un autre marché réglementé |  |  |
| Options sur autres swaps, classic-styled |  |  |
| USD |  |  |
| USD	JPM/CDX.NA.HY.35 SWAPTION PUT 102.00000 21-20.01.21	-7 000 000.00 | -15 538.60 | -0.01 |
| USD	JPM/CDX.NA.HY.35 SWAPTION PUT 104.00000 21-20.01.21	-7 000 000.00 | -21 153.30 | -0.01 |
| USD	JPM/CDX.NA.HY.35 SWAPTION PUT 104.00000 21-20.01.21	-7 000 000.00 | -21 153.30 | -0.01 |
| Total USD | -57 845.20 | -0.03 |
| Total des Options sur autres swaps, classic-styled | -57 845.20 | -0.03 |
| Total des Instruments dérivés non négociés sur une bourse officielle ou sur un autre marché réglementé | -57 845.20 | -0.03 |
| Total du Portefeuille-titres | 166 502 269.84 | 96.97 |

UBS (Lux) Bond SICAV – Floating Rate Income (USD) Rapport semestriel au 30 novembre 2020
| 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) |  |


## Instruments dérivés
Instruments dérivés non négociés sur une bourse officielle ou sur un autre marché réglementé
Swaps et Swaps à terme sur taux d’intérêt
| USD USD | CME/INTEREST RATE SWAP PAYER 5.25000% 17-05.12.21 CME/INTEREST RATE SWAP REC 3ML 17-05.12.21 | -10 000 000.00 | -375 667.04 | -0.22 |
| --- | --- | --- | --- | --- |
| USD | CME/INTEREST RATE SWAP PAYER 6.20000% 17-14.12.21 | -2 700 000.00 | -108 386.82 | -0.06 |
| USD | CME/INTEREST RATE SWAP REC 3ML 17-14.12.21 |  |  |  |
| USD | CME/INTEREST RATE SWAP PAYER 6.10000% 17-15.12.22 | -2 700 000.00 | -159 771.37 | -0.09 |
| USD | CME/INTEREST RATE SWAP REC 3ML 17-15.12.22 |  |  |  |
| USD | CME/INTEREST RATE SWAP PAYER 5.50000% 17-18.12.22 | -6 000 000.00 | -350 560.36 | -0.20 |
| USD | CME/INTEREST RATE SWAP REC 3ML 17-18.12.22 |  |  |  |
| USD | CME/INTEREST RATE SWAP PAYER 3.84000% 18-03.07.21 | -8 000 000.00 | -197 606.07 | -0.11 |
| USD | CME/INTEREST RATE SWAP REC 3ML 18-03.07.21 |  |  |  |
| EUR | LCH/INTEREST RATE SWAP PAYER 3.29000% 18-26.03.22 | -7 000 000.00 | -232 800.69 | -0.14 |
| EUR | LCH/INTEREST RATE SWAP REC 6ME 18-26.03.22 |  |  |  |
| EUR | LCH/INTEREST RATE SWAP PAYER 3.73000% 18-30.05.23 | -7 000 000.00 | -336 577.53 | -0.20 |
| EUR | LCH/INTEREST RATE SWAP REC 6ME 18-30.05.23 |  |  |  |
| USD | CME/INTEREST RATE SWAP PAYER 5.88000% 18-07.06.21 | -8 000 000.00 | -274 160.37 | -0.16 |
| USD | CME/INTEREST RATE SWAP REC 3ML 18-07.06.21 |  |  |  |
| USD | CME/INTEREST RATE SWAP PAYER 5.70000% 19-28.02.24 | -11 000 000.00 | -954 552.65 | -0.56 |
| USD | CME/INTEREST RATE SWAP REC 3ML 19-28.02.24 |  |  |  |
| EUR | CME/INTEREST RATE SWAP PAYER 3.40000% 19-04.11.23 | -5 000 000.00 | -37 920.34 | -0.02 |
| EUR | CME/INTEREST RATE SWAP REC 6MEIB 19-04.11.23 |  |  |  |
| EUR | CME/INTEREST RATE SWAP PAYER 4.00000% 19-04.11.22 | -10 000 000.00 | -44 063.67 | -0.03 |
| EUR | CME/INTEREST RATE SWAP REC 6MEIB 19-04.11.22 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 5.70000% 20-25.03.25 | -3 500 000.00 | -66 955.00 | -0.04 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 20-25.03.25 |  |  |  |
| EUR | LCH/IINTEREST RATE SWAP PAYER 3.78000% 20-27.09.24 | -9 500 000.00 | -155 674.39 | -0.09 |
| EUR | LCH/INTEREST RATE SWAP REC 6ME 20-27.09.24 |  |  |  |
| EUR | LCH/IINTEREST RATE SWAP PAYER 4.00000% 20-02.06.23 | -8 500 000.00 | -46 261.82 | -0.03 |
| EUR | LCH/INTEREST RATE SWAP REC 6ME 20-02.06.23 |  |  |  |
| USD | CME/INTEREST RATE SWAP PAYER 5.90000% 20-02.06.23 | -6 500 000.00 | -99 916.92 | -0.06 |
| USD | CME/INTEREST RATE SWAP REC 3ML 20-02.06.23 |  |  |  |
| USD | CME/INTEREST RATE SWAP PAYER 5.00000% 20-01.07.23 | -12 000 000.00 | -145 027.87 | -0.08 |
| USD | CME/INTEREST RATE SWAP REC 3ML 20-01.07.23 |  |  |  |
| Total des Swaps et Swaps à terme sur taux d’intérêt |  | -3 585 902.91 | -2.09 |
| Credit Default Swaps* |  |  |  |
|  |  |  |  |
| USD	ICE/CDX.NA.HY.34 CDI REC 5.00000% 20-20.06.25 | 6 118 000.00 | 599 014.06 | 0.35 |
| Total des Credit Default Swaps |  | 599 014.06 | 0.35 |
| Total des Instruments dérivés non négociés sur une bourse officielle ou sur un autre marché réglementé |  | -2 986 888.85 | -1.74 |
| Total des Instruments dérivés |  | -2 986 888.85 | -1.74 |
| Contrats de change à terme |  |  |  |
| Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |  |

| USD | 9 742 387.84 | GBP | 7 360 000.00 | 14.1.2021 | -90 058.05 | -0.05 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 18 654 100.00 | USD | 20 522 722.63 | 14.1.2021 | 118 345.01 | 0.07 |
| USD | 55 667 232.20 | EUR | 46 840 000.00 | 14.1.2021 | -441 888.76 | -0.26 |
| EUR | 50 155 100.00 | USD | 59 607 079.37 | 14.1.2021 | 473 163.43 | 0.27 |
| USD | 187 416.83 | EUR | 157 700.00 | 14.1.2021 | -1 490.27 | 0.00 |
| EUR | 2 765 000.00 | USD | 3 275 931.35 | 14.1.2021 | 36 231.75 | 0.02 |
| USD | 280 712.84 | EUR | 236 100.00 | 14.1.2021 | -2 108.75 | 0.00 |
| USD | 881 945.69 | EUR | 740 000.00 | 14.1.2021 | -4 492.17 | 0.00 |
| USD | 330 215.75 | EUR | 277 800.00 | 14.1.2021 | -2 557.82 | 0.00 |
| USD | 2 442 291.88 | EUR | 2 049 600.00 | 14.1.2021 | -12 901.42 | -0.01 |
| GBP | 795 000.00 | USD | 1 060 356.29 | 14.1.2021 | 1 708.18 | 0.00 |
| USD | 312 608.32 | EUR | 261 100.00 | 14.1.2021 | -160.50 | 0.00 |
| Total des Contrats de change à terme | 73 790.63 | 0.04 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 9 838 668.45 | 5.73 |
| Crédit en compte courant et autres engagements à court terme | -3 299 345.47 | -1.92 |
| Autres actifs et passifs | 1 572 594.27 | 0.92 |
| Total de l’Actif net | 171 701 088.87 | 100.00 |
| * Nominal positif: le compartiment est «receveur», nominal négatif: le compartiment est «payeur». |  |  |

UBS (Lux) Bond SICAV – Floating Rate Income (USD) Rapport semestriel au 30 novembre 2020