# UBS (Lux) Bond SICAV – Global Dynamic (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| Net assets in USD |  | 1 201 961 473.60 | 976 416 981.44 | 345 226 235.61 |
| Class (EUR hedged) F-acc 1 | LU1287054065 |  |  |  |
| Shares outstanding |  | - | - | 39 312.0000 |
| Net asset value per share in EUR |  | - | - | 104.31 |
| Issue and redemption price per share in EUR 2 |  | - | - | 104.31 |
| Class (EUR hedged) I-A1-acc 3 | LU1240811650 |  |  |  |
| Shares outstanding |  | 981 315.9790 | 750 514.6690 | - |
| Net asset value per share in EUR |  | 102.46 | 98.35 | - |
| Issue and redemption price per share in EUR 2 |  | 102.46 | 98.35 | - |
| Class I-A2-acc 4 | LU2189802106 |  |  |  |
| Shares outstanding |  | 868 851.9330 | - | - |
| Net asset value per share in USD |  | 103.57 | - | - |
| Issue and redemption price per share in USD 2 |  | 103.57 | - | - |
| Class (EUR hedged) I-A3-acc 5 | LU2134544555 |  |  |  |
| Shares outstanding |  | 22 484.4330 | 100.0000 | - |
| Net asset value per share in EUR |  | 118.65 | 113.84 | - |
| Issue and redemption price per share in EUR 2 |  | 118.65 | 113.84 | - |
| Class I-B-acc 6 | LU2113590561 |  |  |  |
| Shares outstanding |  | 60 358.3600 | - | - |
| Net asset value per share in USD |  | 99.86 | - | - |
| Issue and redemption price per share in USD 2 |  | 99.86 | - | - |
| Class (EUR hedged) I-B-acc | LU1193130314 |  |  |  |
| Shares outstanding |  | 244 626.2310 | 65 363.4740 | 76 930.6480 |
| Net asset value per share in EUR |  | 103.96 | 114.38 | 110.81 |
| Issue and redemption price per share in EUR 2 |  | 103.96 | 114.38 | 110.81 |
| Class I-X-acc | LU1138686867 |  |  |  |
| Shares outstanding |  | 199 475.2490 | 228 147.7250 | 155 684.2320 |
| Net asset value per share in USD |  | 134.44 | 127.97 | 120.66 |
| Issue and redemption price per share in USD 2 |  | 134.44 | 127.97 | 120.66 |
| Class (CHF hedged) I-X-acc | LU1557225098 |  |  |  |
| Shares outstanding |  | 356 706.5050 | 373 152.3150 | 76 329.2180 |
| Net asset value per share in CHF |  | 122.96 | 117.74 | 114.44 |
| Issue and redemption price per share in CHF 2 |  | 122.96 | 117.74 | 114.44 |
| Class (EUR hedged) I-X-acc | LU1822788151 |  |  |  |
| Shares outstanding |  | 120 911.6070 | 118 155.3140 | 147 615.8720 |
| Net asset value per share in EUR |  | 112.62 | 107.73 | 104.29 |
| Issue and redemption price per share in EUR 2 |  | 112.62 | 107.73 | 104.29 |
| Class K-X-acc 7 | LU1860987145 |  |  |  |
| Shares outstanding |  | 164 788.8360 | 164 788.8360 | 78 158.3670 |
| Net asset value per share in USD |  | 118.99 | 113.30 | 106.86 |
| Issue and redemption price per share in USD 2 |  | 118.99 | 113.30 | 106.86 |
| Class K-X-dist 8 | LU1917356179 |  |  |  |
| Shares outstanding |  | 149 093.0950 | 120 329.3350 | - |
| Net asset value per share in USD |  | 105.92 | 103.16 | - |
| Issue and redemption price per share in USD 2 |  | 105.92 | 103.16 | - |
| Class P-4%-mdist 9 | LU2051222904 |  |  |  |
| Shares outstanding |  | 29 123.8550 | 28 513.8550 | - |
| Net asset value per share in USD |  | 101.42 | 99.19 | - |
| Issue and redemption price per share in USD 2 |  | 101.42 | 99.19 | - |
| Class P-acc | LU0891671751 |  |  |  |
| Shares outstanding |  | 585 509.9540 | 463 352.5420 | 153 812.5500 |
| Net asset value per share in USD |  | 128.83 | 123.53 | 118.15 |
| Issue and redemption price per share in USD 2 |  | 128.83 | 123.53 | 118.15 |
| Class (CHF hedged) P-acc | LU0891672213 |  |  |  |
| Shares outstanding |  | 145 205.7920 | 172 184.7300 | 163 166.4700 |
| Net asset value per share in CHF |  | 112.26 | 108.30 | 106.82 |
| Issue and redemption price per share in CHF 2 |  | 112.26 | 108.30 | 106.82 |
| Class (EUR hedged) P-acc | LU0891672056 |  |  |  |
| Shares outstanding |  | 2 479 797.8410 | 1 889 095.6090 | 371 635.5540 |
| Net asset value per share in EUR |  | 116.00 | 111.81 | 109.85 |
| Issue and redemption price per share in EUR 2 |  | 116.00 | 111.81 | 109.85 |
| Class P-dist | LU0891671835 |  |  |  |
| Shares outstanding |  | 42 787.7170 | 53 032.5600 | 22 159.6960 |
| Net asset value per share in USD |  | 114.70 | 111.69 | 107.64 |
| Issue and redemption price per share in USD 2 |  | 114.70 | 111.69 | 107.64 |

UBS (Lux) Bond SICAV – Global Dynamic (USD) Semi-Annual Report as of 30 November 2020
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class (CHF hedged) P-dist | LU0891672304 |  |  |  |
| Shares outstanding |  | 43 881.5100 | 38 388.7570 | 38 696.4800 |
| Net asset value per share in CHF |  | 100.05 | 97.84 | 97.24 |
| Issue and redemption price per share in CHF 2 |  | 100.05 | 97.84 | 97.24 |
| Class (EUR hedged) P-dist | LU0891672130 |  |  |  |
| Shares outstanding |  | 114 854.6040 | 120 348.3040 | 69 975.8500 |
| Net asset value per share in EUR |  | 103.12 | 100.87 | 99.86 |
| Issue and redemption price per share in EUR 2 |  | 103.12 | 100.87 | 99.86 |
| Class Q-4%-mdist 10 | LU2038039314 |  |  |  |
| Shares outstanding |  | 101 525.0370 | 108 504.5660 | - |
| Net asset value per share in USD |  | 101.49 | 98.94 | - |
| Issue and redemption price per share in USD 2 |  | 101.49 | 98.94 | - |
| Class Q-acc | LU1240774783 |  |  |  |
| Shares outstanding |  | 819 995.7410 | 765 938.7300 | 109 344.1960 |
| Net asset value per share in USD |  | 127.06 | 121.47 | 115.50 |
| Issue and redemption price per share in USD 2 |  | 127.06 | 121.47 | 115.50 |
| Class (CHF hedged) Q-acc | LU1240774437 |  |  |  |
| Shares outstanding |  | 446 020.0450 | 463 749.4170 | 223 158.2510 |
| Net asset value per share in CHF |  | 111.89 | 107.62 | 105.52 |
| Issue and redemption price per share in CHF 2 |  | 111.89 | 107.62 | 105.52 |
| Class (EUR hedged) Q-acc | LU1240774601 |  |  |  |
| Shares outstanding |  | 1 028 459.1420 | 1 775 888.0570 | 1 041 535.4190 |
| Net asset value per share in EUR |  | 114.34 | 109.87 | 107.28 |
| Issue and redemption price per share in EUR 2 |  | 114.34 | 109.87 | 107.28 |
| Class Q-dist | LU1240774866 |  |  |  |
| Shares outstanding |  | 233 444.1090 | 240 782.2450 | 57 642.8900 |
| Net asset value per share in USD |  | 115.83 | 112.61 | 108.51 |
| Issue and redemption price per share in USD 2 |  | 115.83 | 112.61 | 108.51 |
| Class (CHF hedged) Q-dist | LU1240774510 |  |  |  |
| Shares outstanding |  | 140 951.6400 | 177 472.1870 | 109 190.2340 |
| Net asset value per share in CHF |  | 101.54 | 99.66 | 99.05 |
| Issue and redemption price per share in CHF 2 |  | 101.54 | 99.66 | 99.05 |
| Class (EUR hedged) Q-dist | LU1109640307 |  |  |  |
| Shares outstanding |  | 62 108.4630 | 87 628.7250 | 51 633.6620 |
| Net asset value per share in EUR |  | 101.77 | 100.25 | 99.27 |
| Issue and redemption price per share in EUR 2 |  | 101.77 | 100.25 | 99.27 |
| 1  The share class (EUR hedged) F-acc was in circulation until 23.3.2020 2  See note 1 3  First NAV: 23.12.2019 4  First NAV: 2.7.2020 5  First NAV: 25.3.2020 6  First NAV: 11.11.2020 7  First NAV: 28.8.2018 8  First NAV: 17.7.2019 9  First NAV: 24.9.2019 10  First NAV: 10.9.2019 |  |  |  |  |

UBS (Lux) Bond SICAV – Global Dynamic (USD) Semi-Annual Report as of 30 November 2020

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
United States	33.79
New Zealand	16.43
South Africa	5.31
Mexico	4.76
United Kingdom	3.42
China	3.35
Italy	2.86
Spain	2.48
Slovenia	2.12
Ireland	1.84
Luxembourg	1.69
Japan	1.67
France	1.66
Switzerland	1.14
Brazil	0.96
The Netherlands	0.94
Canada	0.79
Germany	0.63
Romania	0.62
Saudi Arabia	0.58
Denmark	0.45
Chile	0.42
Ukraine	0.39
Australia	0.38
Norway	0.36
Greece	0.35
Sweden	0.35
Morocco	0.34
Indonesia	0.33
Kazakhstan	0.33
Ghana	0.31
Guatemala	0.27
Thailand	0.25
Peru	0.24
Costa Rica	0.23
Philippines	0.22
Colombia	0.21
Mongolia	0.21
Nigeria	0.19
Egypt	0.18
Uruguay	0.17
Oman	0.16
Kenya	0.14
Hong Kong	0.13
British Virgin Islands	0.12
Turkey	0.12
Finland	0.12
Singapore	0.11
Poland	0.10
Mauritius	0.09
Cayman Islands	0.09
Belgium	0.09
Sri Lanka	0.07
Ecuador	0.07
Argentina	0.07
India	0.05
Macau	0.04
Jersey	0.04
Bermuda	0.02
Economic Breakdown as a % of net assets	
Countries & central governments	64.34
Banks & credit institutions	6.96
Mortgage & funding institutions	4.73
Finance & holding companies	4.24
Investment funds	2.54
Telecommunications	1.27
Miscellaneous unclassified companies	1.21
Petroleum	1.05
Energy & water supply	0.98
Vehicles	0.80
Insurance	0.67
Internet, software & IT services	0.67
Cantons, federal states	0.60
Real Estate	0.56
Miscellaneous services	0.53
Pharmaceuticals, cosmetics & medical products	0.48
Chemicals	0.39
Traffic & transportation	0.34
Computer hardware & network equipment providers	0.33
Healthcare & social services	0.30
Tobacco & alcohol	0.28
Textiles, garments & leather goods	0.26
Mechanical engineering & industrial equipment	0.24
Retail trade, department stores	0.20
Biotechnology	0.17
Graphic design, publishing & media	0.14
Food & soft drinks	0.14
Electrical devices & components	0.11
Mining, coal & steel	0.10
Aerospace industry	0.08
Packaging industry	0.04
Lodging, catering & leisure	0.04
Building industry & materials	0.03
Miscellaneous consumer goods	0.03
Total	94.85
Total	94.85
UBS (Lux) Bond SICAV – Global Dynamic (USD) Semi-Annual Report as of 30 November 2020

## Statement of Net Assets
Assets	30.11.2020
USD
Investments in securities, cost	1 068 414 971.59
Investments in securities, unrealized appreciation (depreciation)		71 609 899.87	 Total investments in securities (Note 1)			1 140 024 871.46
Cash at banks, deposits on demand and deposit accounts	65 927 053.28*
Other liquid assets (Margins)	52 723 858.56
Receivable on subscriptions	16 971 497.51
Interest receivable on securities	10 577 176.20
Interest receivable on liquid assets	11 344.28
Receivable on dividends	1 085.93
Other receivables	72 349.81
Unrealized loss on financial futures (Note 1)	-2 931 934.15
Unrealized loss on forward foreign exchange contracts (Note 1)	-11 943 466.84
Unrealized loss on swaps (Note 1)	-26 328 779.35
Bank overdraft	-22 337 667.05
Payable on securities purchases (Note 1)	-14 855 545.69
Payable on redemptions	-5 368 741.09
Provisions for flat fee (Note 2)	-452 921.62
Provisions for taxe d’abonnement (Note 3)	-78 900.23
Provisions for other commissions and fees (Note 2)		-49 807.41		 Total provisions			-581 629.26
Net assets at the end of the period	1 201 961 473.60

## Statement of Operations
Income	1.6.2020-30.11.2020
USD
Interest on liquid assets	59 206.78
Interest on securities	16 637 512.76
Dividends	27 323.87
Interest received on swaps (Note 1)	9 067 719.37
Income on securities lending (Note 12)	227 596.33
Total income	26 977 577.97
Expenses
Other income (Note 4)	958 218.86
Interest paid on swaps (Note 1)	-6 167 881.70
Flat fee (Note 2)	-5 099 263.59
Taxe d’abonnement (Note 3)	-225 421.50
Cost on securities lending (Note 12)	-91 038.53
Other commissions and fees (Note 2)	-49 134.03
Net income (loss) on investments	15 160 212.21
Total expenses	-11 817 365.76
Interest on cash and bank overdraft	-184 626.41
Realized gain (loss) (Note 1)
Realized gain (loss) on market-priced securities without options	8 766 525.84
Realized gain (loss) on financial futures	318 100.76
Realized gain (loss) on forward foreign exchange contracts	17 336 058.68
Realized gain (loss) on swaps	24 773 879.14
Total realized gain (loss)	62 295 439.99
Net realized gain (loss) of the period	77 455 652.20
Changes in unrealized appreciation (depreciation) (Note 1)
Realized gain (loss) on foreign exchange	11 100 875.57
Unrealized appreciation (depreciation) on market-priced securities without options	75 841 388.02
Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments	105 089.00
Unrealized appreciation (depreciation) on financial futures	-2 614 777.52
Unrealized appreciation (depreciation) on forward foreign exchange contracts	-23 104 973.35
Total changes in unrealized appreciation (depreciation)	21 346 984.42
Net increase (decrease) in net assets as a result of operations	98 802 636.62
Unrealized appreciation (depreciation) on swaps	-28 879 741.73
* As at 30 November 2020, cash amounts serve as collateral for the counterparty Bank of America for an amount of USD 940 000.00, Citibank for an amount of USD USD 3 460 000.00 and JP Morgan for an amount of USD 1 594 000.00.
UBS (Lux) Bond SICAV – Global Dynamic (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 | 976 416 981.44 |
| Subscriptions | 396 612 751.31 |
| Redemptions | 	-267 810 046.89	 |
| Total net subscriptions (redemptions) | 128 802 704.42 |
| Dividend paid | -2 060 848.88 |
| Net income (loss) on investments | 15 160 212.21 |
| Total realized gain (loss) | 62 295 439.99 |
| Total changes in unrealized appreciation (depreciation) | 	21 346 984.42	 |
| Net increase (decrease) in net assets as a result of operations | 98 802 636.62 |
| Net assets at the end of the period | 1 201 961 473.60 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2020-30.11.2020 |
| Class | (EUR hedged) I-A1-acc |
| Number of shares outstanding at the beginning of the period | 750 514.6690 |
| Number of shares issued | 493 684.4400 |
| Number of shares redeemed | -262 883.1300 |
| Number of shares outstanding at the end of the period | 981 315.9790 |
| Class | I-A2-acc |
| Number of shares outstanding at the beginning of the period | 0.0000 |
| Number of shares issued | 868 851.9330 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 868 851.9330 |
| Class | (EUR hedged) I-A3-acc |
| Number of shares outstanding at the beginning of the period | 100.0000 |
| Number of shares issued | 22 583.1830 |
| Number of shares redeemed | -198.7500 |
| Number of shares outstanding at the end of the period | 22 484.4330 |
| Class | I-B-acc |
| Number of shares outstanding at the beginning of the period | 0.0000 |
| Number of shares issued | 60 358.3600 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 60 358.3600 |
| Class | (EUR hedged) I-B-acc |
| Number of shares outstanding at the beginning of the period | 65 363.4740 |
| Number of shares issued | 268 034.5430 |
| Number of shares redeemed | -88 771.7860 |
| Number of shares outstanding at the end of the period | 244 626.2310 |
| Class | I-X-acc |
| Number of shares outstanding at the beginning of the period | 228 147.7250 |
| Number of shares issued | 44 836.1020 |
| Number of shares redeemed | -73 508.5780 |
| Number of shares outstanding at the end of the period | 199 475.2490 |
| Class | (CHF hedged) I-X-acc |
| Number of shares outstanding at the beginning of the period | 373 152.3150 |
| Number of shares issued | 93 847.8790 |
| Number of shares redeemed | -110 293.6890 |
| Number of shares outstanding at the end of the period | 356 706.5050 |
| Class | (EUR hedged) I-X-acc |
| Number of shares outstanding at the beginning of the period | 118 155.3140 |
| Number of shares issued | 2 919.1750 |
| Number of shares redeemed | -162.8820 |
| Number of shares outstanding at the end of the period | 120 911.6070 |
| Class | K-X-acc |
| Number of shares outstanding at the beginning of the period | 164 788.8360 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 164 788.8360 |
| Class | K-X-dist |
| Number of shares outstanding at the beginning of the period | 120 329.3350 |
| Number of shares issued | 28 763.7600 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 149 093.0950 |
| Class | P-4%-mdist |
| Number of shares outstanding at the beginning of the period | 28 513.8550 |
| Number of shares issued | 610.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 29 123.8550 |

UBS (Lux) Bond SICAV – Global Dynamic (USD) Semi-Annual Report as of 30 November 2020
| Class |  |  |  | P-acc |
| --- | --- | --- | --- | --- |
| Number of shares outstanding at the beginning of the period |  |  |  | 463 352.5420 |
| Number of shares issued |  |  |  | 186 144.4070 |
| Number of shares redeemed |  |  |  | -63 986.9950 |
| Number of shares outstanding at the end of the period |  |  |  | 585 509.9540 |
| Class |  |  |  | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the period |  |  |  | 172 184.7300 |
| Number of shares issued |  |  |  | 6 890.0230 |
| Number of shares redeemed |  |  |  | -33 868.9610 |
| Number of shares outstanding at the end of the period |  |  |  | 145 205.7920 |
| Class |  |  |  | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the period |  |  |  | 1 889 095.6090 |
| Number of shares issued |  |  |  | 795 245.2450 |
| Number of shares redeemed |  |  |  | -204 543.0130 |
| Number of shares outstanding at the end of the period |  |  |  | 2 479 797.8410 |
| Class |  |  |  | P-dist |
| Number of shares outstanding at the beginning of the period |  |  |  | 53 032.5600 |
| Number of shares issued |  |  |  | 6 738.7460 |
| Number of shares redeemed |  |  |  | -16 983.5890 |
| Number of shares outstanding at the end of the period |  |  |  | 42 787.7170 |
| Class |  |  |  | (CHF hedged) P-dist |
| Number of shares outstanding at the beginning of the period |  |  |  | 38 388.7570 |
| Number of shares issued |  |  |  | 7 854.7390 |
| Number of shares redeemed |  |  |  | -2 361.9860 |
| Number of shares outstanding at the end of the period |  |  |  | 43 881.5100 |
| Class |  |  |  | (EUR hedged) P-dist |
| Number of shares outstanding at the beginning of the period |  |  |  | 120 348.3040 |
| Number of shares issued |  |  |  | 8 584.6780 |
| Number of shares redeemed |  |  |  | -14 078.3780 |
| Number of shares outstanding at the end of the period |  |  |  | 114 854.6040 |
| Class |  |  |  | Q-4%-mdist |
| Number of shares outstanding at the beginning of the period |  |  |  | 108 504.5660 |
| Number of shares issued |  |  |  | 993.7390 |
| Number of shares redeemed |  |  |  | -7 973.2680 |
| Number of shares outstanding at the end of the period |  |  |  | 101 525.0370 |
| Class |  |  |  | Q-acc |
| Number of shares outstanding at the beginning of the period |  |  |  | 765 938.7300 |
| Number of shares issued |  |  |  | 146 519.5350 |
| Number of shares redeemed |  |  |  | -92 462.5240 |
| Number of shares outstanding at the end of the period |  |  |  | 819 995.7410 |
| Class |  |  |  | (CHF hedged) Q-acc |
| Number of shares outstanding at the beginning of the period |  |  |  | 463 749.4170 |
| Number of shares issued |  |  |  | 25 301.1980 |
| Number of shares redeemed |  |  |  | -43 030.5700 |
| Number of shares outstanding at the end of the period |  |  |  | 446 020.0450 |
| Class |  |  |  | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the period |  |  |  | 1 775 888.0570 |
| Number of shares issued |  |  |  | 220 130.4530 |
| Number of shares redeemed |  |  |  | -967 559.3680 |
| Number of shares outstanding at the end of the period |  |  |  | 1 028 459.1420 |
| Class |  |  |  | Q-dist |
| Number of shares outstanding at the beginning of the period |  |  |  | 240 782.2450 |
| Number of shares issued |  |  |  | 63 072.5980 |
| Number of shares redeemed |  |  |  | -70 410.7340 |
| Number of shares outstanding at the end of the period |  |  |  | 233 444.1090 |
| Class |  |  |  | (CHF hedged) Q-dist |
| Number of shares outstanding at the beginning of the period |  |  |  | 177 472.1870 |
| Number of shares issued |  |  |  | 5 733.3870 |
| Number of shares redeemed |  |  |  | -42 253.9340 |
| Number of shares outstanding at the end of the period |  |  |  | 140 951.6400 |
| Class |  |  |  | (EUR hedged) Q-dist |
| Number of shares outstanding at the beginning of the period |  |  |  | 87 628.7250 |
| Number of shares issued |  |  |  | 3 619.6020 |
| Number of shares redeemed |  |  |  | -29 139.8640 |
| Number of shares outstanding at the end of the period |  |  |  | 62 108.4630 |
| Annual Distribution 1 |  |  |  |  |
| UBS (Lux) Bond SICAV – Global Dynamic (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| K-X-dist | 3.8.2020 | 6.8.2020 | USD | 2.35 |
| P-dist | 3.8.2020 | 6.8.2020 | USD | 1.73 |
| (CHF hedged) P-dist | 3.8.2020 | 6.8.2020 | CHF | 1.33 |
| (EUR hedged) P-dist | 3.8.2020 | 6.8.2020 | EUR | 1.50 |
| Q-dist | 3.8.2020 | 6.8.2020 | USD | 1.91 |
| (CHF hedged) Q-dist | 3.8.2020 | 6.8.2020 | CHF | 2.02 |
| (EUR hedged) Q-dist | 3.8.2020 | 6.8.2020 | EUR | 2.50 |

UBS (Lux) Bond SICAV – Global Dynamic (USD) Semi-Annual Report as of 30 November 2020
| Monthly Distribution 1 |  |  |  |  |
| --- | --- | --- | --- | --- |
| UBS (Lux) Bond SICAV – Global Dynamic (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| P-4%-mdist | 10.6.2020 | 15.6.2020 | USD | 0.33 |
| P-4%-mdist | 10.7.2020 | 15.7.2020 | USD | 0.33 |
| P-4%-mdist | 10.8.2020 | 13.8.2020 | USD | 0.33 |
| P-4%-mdist | 10.9.2020 | 15.9.2020 | USD | 0.33 |
| P-4%-mdist | 12.10.2020 | 15.10.2020 | USD | 0.33 |
| P-4%-mdist | 10.11.2020 | 13.11.2020 | USD | 0.33 |
| Q-4%-mdist | 10.6.2020 | 15.6.2020 | USD | 0.32 |
| Q-4%-mdist | 10.7.2020 | 15.7.2020 | USD | 0.32 |
| Q-4%-mdist | 10.8.2020 | 13.8.2020 | USD | 0.33 |
| Q-4%-mdist | 10.9.2020 | 15.9.2020 | USD | 0.33 |
| Q-4%-mdist | 12.10.2020 | 15.10.2020 | USD | 0.33 |
| Q-4%-mdist | 10.11.2020 | 13.11.2020 | USD | 0.33 |
| 1  See note 5 |  |  |  |  |

UBS (Lux) Bond SICAV – Global Dynamic (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 |  |  |  |
| BRL |  |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 10.00000% 16-01.01.27 | 10 250.00 | 2 137 966.88 | 0.18 |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 10.00000% 20-01.01.31 | 29 150.00 | 6 144 989.34 | 0.51 |
| Total BRL |  | 8 282 956.22 | 0.69 |
| CAD |  |  |  |
| CAD	QUEBEC, PROVINCE OF 2.30000% 19-01.09.29 | 2 500 000.00 | 2 100 586.47 | 0.17 |
| Total CAD |  | 2 100 586.47 | 0.17 |
| EUR |  |  |  |
| EUR	ALTICE FINCO SA-REG-S 4.75000% 17-15.01.28 | 1 000 000.00 | 1 139 337.44 | 0.10 |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 4.00000% 20-15.02.28 | 2 020 000.00 | 2 280 671.57 | 0.19 |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 2 240 000.00 | 2 857 004.08 | 0.24 |
| EUR	ARD FINANCE SA-REG-S (PIK) 5.00000% 19-30.06.27 | 3 000 000.00 | 3 644 928.82 | 0.30 |
| EUR	BACARDI LTD-REG-S 2.75000% 13-03.07.23 | 200 000.00 | 251 132.63 | 0.02 |
| EUR	CHINA, PEOPLE’S REPUBLIC OF-REG-S 1.00000% 19-12.11.39 | 1 610 000.00 | 1 927 085.67 | 0.16 |
| EUR	DKT FINANCE APS-REG-S 7.00000% 18-17.06.23 | 3 700 000.00 | 4 552 389.11 | 0.38 |
| EUR	EG GLOBAL FINANCE PLC-REG-S 6.25000% 19-30.10.25 | 500 000.00 | 612 304.87 | 0.05 |
| EUR	FIAT CHRYSLER AUTOMOBILES NV-REG-S 4.50000% 20-07.07.28 | 2 050 000.00 | 2 930 390.95 | 0.24 |
| EUR	FINANCIAL & RISK US HOLDINGS INC-REG-S 6.87500% 18-15.11.26 | 700 000.00 | 902 233.85 | 0.08 |
| EUR	FISERV INC 1.62500% 19-01.07.30 | 495 000.00 | 650 557.59 | 0.06 |
| EUR	FORD MOTOR CREDIT CO LLC 1.51400% 19-17.02.23 | 235 000.00 | 280 052.84 | 0.02 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 3.37500% 20-27.03.25 | 710 000.00 | 968 143.13 | 0.08 |
| EUR	INTERNATIONAL GAME TECHNOLOGY PLC-REG-S 2.37500% 19-15.04.28 | 520 000.00 | 599 613.72 | 0.05 |
| EUR	LA MONDIALE SAM-REG-S-SUB 2.12500% 20-23.06.31 | 800 000.00 | 994 943.66 | 0.08 |
| EUR	LOXAM SAS-REG-S 3.75000% 19-15.07.26 | 700 000.00 | 839 265.88 | 0.07 |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.12500% 20-11.02.28 | 1 300 000.00 | 1 574 336.53 | 0.13 |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.37500% 20-11.02.31 | 1 100 000.00 | 1 344 094.34 | 0.11 |
| EUR	NATIONAL GRID ELECTRICITY TRANS-REG-S 0.19000% 20-20.01.25 | 535 000.00 | 647 567.25 | 0.05 |
| EUR	SOFTBANK GROUP CORP-REG-S 5.00000% 18-15.04.28 | 1 200 000.00 | 1 567 414.35 | 0.13 |
| EUR	SOFTBANK GROUP CORP-REG-S 4.50000% 18-20.04.25 | 1 400 000.00 | 1 794 285.65 | 0.15 |
| EUR	TEVA PHARMACEUTICAL FINANCE II BV 4.50000% 18-01.03.25 | 1 500 000.00 | 1 850 932.59 | 0.16 |
| EUR	UKRAINE, GOVERNMENT OF-REG-S 4.37500% 20-27.01.30 | 2 600 000.00 | 2 907 962.20 | 0.24 |
| EUR	UNILABS SUBHOLDING AB-REG-S 5.75000% 17-15.05.25 | 1 750 000.00 | 2 147 777.10 | 0.18 |
| Total EUR |  | 39 264 425.82 | 3.27 |
| GBP |  |  |  |
| GBP	TRAVIS PERKINS PLC-REG-S 3.75000% 20-17.02.26 | 300 000.00 | 412 553.04 | 0.03 |
| GBP	VIRGIN MEDIA SECURED FINANCE PLC-REG-S 5.25000% 19-15.05.29 | 1 000 000.00 | 1 438 516.38 | 0.12 |
| Total GBP |  | 1 851 069.42 | 0.15 |
| USD |  |  |  |
| USD	3M CO 2.65000% 20-15.04.25 | 355 000.00 | 384 714.67 | 0.03 |
| USD	ABBOTT LABORATORIES 4.90000% 16-30.11.46 | 120 000.00 | 179 320.50 | 0.02 |
| USD	ABBVIE INC 4.25000% 18-14.11.28 | 300 000.00 | 362 279.40 | 0.03 |
| USD	ABBVIE INC 4.87500% 18-14.11.48 | 180 000.00 | 245 142.70 | 0.02 |
| USD	ADOBE INC 2.15000% 20-01.02.27 | 380 000.00 | 408 276.44 | 0.03 |
| USD	AECOM TECHNOLOGY CORP 5.87500% 15-15.10.24 | 450 000.00 | 499 500.00 | 0.04 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.50000% 20-15.09.23 | 240 000.00 | 256 982.92 | 0.02 |
| USD	AERCAP IRELAND CAP/ GLBL AVIATION TRUST 6.50000% 20-15.07.25 | 310 000.00 | 358 377.21 | 0.03 |
| USD	AIR PRODUCTS & CHEMICALS INC 2.05000% 20-15.05.30 | 345 000.00 | 367 628.79 | 0.03 |
| USD	ALIBABA GROUP HOLDING LTD 3.40000% 17-06.12.27 | 400 000.00 | 447 952.00 | 0.04 |
| USD	ALTRIA GROUP INC 4.40000% 19-14.02.26 | 105 000.00 | 121 622.84 | 0.01 |
| USD	ALTRIA GROUP INC 4.80000% 19-14.02.29 | 300 000.00 | 359 367.93 | 0.03 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 750 000.00 | 798 115.50 | 0.07 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.15000% 19-23.01.25 | 80 000.00 | 90 877.74 | 0.01 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.75000% 19-23.01.29 | 125 000.00 | 153 580.29 | 0.01 |
| USD	ANTHEM INC 3.65000% 17-01.12.27 | 150 000.00 | 172 173.95 | 0.01 |
| USD	APPLE INC 1.80000% 19-11.09.24 | 165 000.00 | 172 631.15 | 0.01 |
| USD	APT PIPELINES LTD-REG-S 4.20000% 15-23.03.25 | 1 000 000.00 | 1 102 040.00 | 0.09 |
| USD	ARCHER-DANIELS MIDLAND CO 2.75000% 20-27.03.25 | 250 000.00 | 270 596.30 | 0.02 |
| USD	ARGENTINA, REPUBLIC OF STEP-UP 20-09.07.35 | 970 000.00 | 339 984.99 | 0.03 |
| USD	ARGENTINA, REPUBLIC OF STEP-UP 20-09.01.38 | 210 305.00 | 83 070.47 | 0.01 |
| USD	ARGENTINA, REPUBLIC OF 1.00000% 20-09.07.29 | 55 703.00 | 23 757.33 | 0.00 |
| USD	AT&T INC 4.35000% 19-01.03.29 | 800 000.00 | 955 864.41 | 0.08 |
| USD	AT&T INC 4.75000% 15-15.05.46 | 200 000.00 | 248 010.90 | 0.02 |
| USD	BIOGEN INC 2.25000% 20-01.05.30 | 1 040 000.00 | 1 077 899.78 | 0.09 |
| USD	BRISTOL MYERS SQUIBB CO 4.25000% 20-26.10.49 | 1 040 000.00 | 1 408 732.52 | 0.12 |
| USD	BRISTOL-MYERS SQUIBB CO 2.60000% 20-16.05.22 | 235 000.00 | 242 932.00 | 0.02 |
| USD	CANADIAN NATURAL RESOURCES LTD 3.85000% 17-01.06.27 | 400 000.00 | 442 031.36 | 0.04 |
| USD	CHILE, REPUBLIC OF 3.12500% 14-27.03.25 | 4 000 000.00 | 4 378 000.00 | 0.36 |
| USD	CHILE, REPUBLIC OF 3.86000% 17-21.06.47 | 600 000.00 | 719 437.50 | 0.06 |
| USD	CIGNA CORP 2.40000% 20-15.03.30 | 715 000.00 | 760 920.30 | 0.06 |
| USD	CIGNA CORP 3.40000% 19-17.09.21 | 90 000.00 | 92 169.52 | 0.01 |
| USD	CIGNA CORP 4.37500% 19-15.10.28 | 170 000.00 | 204 631.79 | 0.02 |
| USD	CIGNA CORP 4.90000% 19-15.12.48 | 50 000.00 | 68 903.13 | 0.01 |
| USD	CITIGROUP INC 4.65000% 18-23.07.48 | 100 000.00 | 139 001.27 | 0.01 |
| USD	CNOOC PETROLEUM NORTH AMERICA ULC 6.40000% 07-15.05.37 | 575 000.00 | 829 470.74 | 0.07 |
| USD	CNPC GENERAL CAPITAL LTD-REG-S 3.40000% 13-16.04.23 | 700 000.00 | 735 656.25 | 0.06 |
| USD	COCA-COLA FEMSA SA 2.75000% 20-22.01.30 | 565 000.00 | 611 435.94 | 0.05 |
| USD	COLOMBIA, REPUBLIC OF 5.20000% 19-15.05.49 | 1 000 000.00 | 1 250 000.00 | 0.10 |
| USD	COMCAST CORP 3.95000% 18-15.10.25 | 95 000.00 | 108 923.55 | 0.01 |
| USD	COMCAST CORP 4.15000% 18-15.10.28 | 700 000.00 | 842 473.24 | 0.07 |
| USD	COMCAST CORP 4.70000% 18-15.10.48 | 100 000.00 | 141 894.76 | 0.01 |
| USD	CONAGRA BRANDS INC 5.40000% 18-01.11.48 | 185 000.00 | 266 895.50 | 0.02 |
| USD	COSTA RICA, REPUBLIC OF-REG-S 4.25000% 12-26.01.23 | 2 000 000.00 | 1 884 375.00 | 0.16 |
| USD	COSTA RICA, REPUBLIC OF-REG-S 7.15800% 15-12.03.45 | 1 000 000.00 | 869 687.50 | 0.07 |
| USD	CREDIT SUISSE GROUP AG-144A 4.28200% 17-09.01.28 | 250 000.00 | 288 535.35 | 0.02 |

UBS (Lux) Bond SICAV – Global Dynamic (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 | CVS HEALTH CORP 2.62500% 19-15.08.24 | 560 000.00 | 599 364.92 | 0.05 |
| USD | CVS HEALTH CORP 4.30000% 18-25.03.28 | 175 000.00 | 205 628.57 | 0.02 |
| USD | DEUTSCHE BANK AG/NEW YORK NY 3.15000% 18-22.01.21 | 150 000.00 | 150 494.22 | 0.01 |
| USD | DIAMONDBACK ENERGY INC 3.25000% 19-01.12.26 | 255 000.00 | 269 935.15 | 0.02 |
| USD | DISCOVERY COMMUNICATIONS LLC 5.30000% 19-15.05.49 | 500 000.00 | 646 185.85 | 0.05 |
| USD | DXC TECHNOLOGY CO 4.12500% 20-15.04.25 | 285 000.00 | 311 889.10 | 0.03 |
| USD | ECUADOR GOVT INTERNATIONAL BD-REG-S STEP-UP/DOWN 20-31.07.35 | 802 386.00 | 437 300.37 | 0.04 |
| USD | ECUADOR, REPUBLIC OF-REG-S STEP-UP 0.50000% 20-31.07.30 | 306 180.00 | 194 041.57 | 0.02 |
| USD | ECUADOR, REPUBLIC OF-REG-S STEP-UP 20-31.07.40 | 367 740.00 | 181 111.95 | 0.02 |
| USD | ENABLE MIDSTREAM PARTNERS LP 3.90000% 15-15.05.24 | 400 000.00 | 402 187.96 | 0.03 |
| USD | ENERGY TRANSFER OPERATING LP 4.50000% 19-15.04.24 | 340 000.00 | 366 522.38 | 0.03 |
| USD | ENERGY TRANSFER PARTNERS LP 6.00000% 18-15.06.48 | 700 000.00 | 793 940.07 | 0.07 |
| USD | FIRSTENERGY CORP 2.25000% 20-01.09.30 | 585 000.00 | 558 988.47 | 0.05 |
| USD | FISERV INC 3.20000% 19-01.07.26 | 620 000.00 | 695 274.88 | 0.06 |
| USD | FOMENTO ECONOMICO MEXIC SAB DE CV 3.50000% 20-16.01.50 | 760 000.00 | 834 898.00 | 0.07 |
| USD | FORD MOTOR CO 8.50000% 20-21.04.23 | 235 000.00 | 263 423.25 | 0.02 |
| USD | FORD MOTOR CO 9.00000% 20-22.04.25 | 265 000.00 | 322 035.95 | 0.03 |
| USD | GE CAPITAL INTL FUNDING CO 4.41800% 16-15.11.35 | 400 000.00 | 461 126.52 | 0.04 |
| USD | GENERAL ELECTRIC CO 3.15000% 12-07.09.22 | 260 000.00 | 271 761.07 | 0.02 |
| USD | GENERAL MOTORS CO 6.12500% 20-01.10.25 | 705 000.00 | 849 923.39 | 0.07 |
| USD | GENERAL MOTORS FINANCIAL CO 4.35000% 18-09.04.25 | 300 000.00 | 334 560.45 | 0.03 |
| USD | GEORGIA POWER CO 2.10000% 20-30.07.23 | 480 000.00 | 501 301.54 | 0.04 |
| USD | GHANA GOVT INTNL BOND-REG-S 6.37500% 20-11.02.27 | 3 700 000.00 | 3 715 031.25 | 0.31 |
| USD | GILEAD SCIENCES INC 4.75000% 15-01.03.46 | 700 000.00 | 923 548.85 | 0.08 |
| USD | GOLDMAN SACHS GROUP INC 3.50000% 20-01.04.25 | 1 100 000.00 | 1 217 514.65 | 0.10 |
| USD | GUATEMALA, REPUBLIC OF-REG-S 5.75000% 12-06.06.22 | 500 000.00 | 525 625.00 | 0.04 |
| USD | GUATEMALA, REPUBLIC OF-REG-S 4.37500% 17-05.06.27 | 2 500 000.00 | 2 739 843.75 | 0.23 |
| USD | HARTFORD FINANCIAL SERVICES GROUP INC 4.40000% 18-15.03.48 | 155 000.00 | 203 867.97 | 0.02 |
| USD | HSBC HOLDINGS PLC 4.95000% 20-31.03.30 | 310 000.00 | 386 237.18 | 0.03 |
| USD | INDONESIA, REPUBLIC OF-REG-S 5.25000% 12-17.01.42 | 2 000 000.00 | 2 618 750.00 | 0.22 |
| USD | INTERNATIONAL BUSINESS MACHINES CORP 2.85000% 19-13.05.22 | 1 310 000.00 | 1 359 020.99 | 0.11 |
| USD | INTERNATIONAL BUSINESS MACHINES CORP 3.30000% 19-15.05.26 | 750 000.00 | 846 315.15 | 0.07 |
| USD | JPMORGAN CHASE & CO 3.20000% 13-25.01.23 | 500 000.00 | 529 916.90 | 0.04 |
| USD | KENYA, REPUBLIC OF-REG-S 8.25000% 18-28.02.48 | 1 550 000.00 | 1 732 609.38 | 0.14 |
| USD | KINDER MORGAN INC 3.15000% 17-15.01.23 | 290 000.00 | 304 497.62 | 0.03 |
| USD | MARATHON OIL CORP 3.85000% 15-01.06.25 | 270 000.00 | 284 129.01 | 0.02 |
| USD | MEXICHEM SAB DE CV-REG-S 4.00000% 17-04.10.27 | 200 000.00 | 218 125.00 | 0.02 |
| USD | MEXICHEM SAB DE CV-REG-S 5.50000% 17-15.01.48 | 200 000.00 | 234 444.00 | 0.02 |
| USD | MPLX LP 5.20000% 17-01.03.47 | 250 000.00 | 297 344.20 | 0.02 |
| USD | NATWEST GROUP PLC 3.87500% 16-12.09.23 | 200 000.00 | 216 721.62 | 0.02 |
| USD | NATWEST GROUP PLC-SUB 6.10000% 13-10.06.23 | 400 000.00 | 446 733.72 | 0.04 |
| USD | NEPTUNE ENERGY BONDCO PLC-REG-S 6.62500% 18-15.05.25 | 1 250 000.00 | 1 187 500.00 | 0.10 |
| USD | NIGERIA, FEDERAL REPUBLIC OF-REG-S 6.75000% 11-28.01.21 | 550 000.00 | 552 062.50 | 0.05 |
| USD | NIGERIA, FEDERAL REPUBLIC OF-REG-S 9.24800% 18-21.01.49 | 1 500 000.00 | 1 702 500.00 | 0.14 |
| USD | NIKE INC 2.40000% 20-27.03.25 | 165 000.00 | 177 308.55 | 0.01 |
| USD | NISSAN MOTOR CO LTD-REG-S 4.34500% 20-17.09.27 | 1 235 000.00 | 1 321 277.10 | 0.11 |
| USD | NOBLE ENERGY INC 3.85000% 17-15.01.28 | 250 000.00 | 289 551.50 | 0.02 |
| USD | NOMURA HOLDINGS INC 2.67900% 20-16.07.30 | 255 000.00 | 267 385.35 | 0.02 |
| USD | OCP SA-REG-S 5.62500% 14-25.04.24 | 300 000.00 | 328 218.75 | 0.03 |
| USD | OMAN GOVT INTERNATIONAL BOND-REG-S 6.75000% 18-17.01.48 | 2 040 000.00 | 1 883 812.50 | 0.16 |
| USD | PAYPAL HOLDINGS INC 2.65000% 19-01.10.26 | 295 000.00 | 322 306.06 | 0.03 |
| USD | PERRIGO FINANCE UNLIMITED CO 3.15000% 20-15.06.30 | 200 000.00 | 211 913.84 | 0.02 |
| USD | PERTAMINA PT-REG-S 4.875000% 12-03.05.22 | 700 000.00 | 737 187.50 | 0.06 |
| USD | PETROBRAS GLOBAL FINANCE BV1 5.09300% 20-15.01.30 | 761 000.00 | 836 072.65 | 0.07 |
| USD | PETROLEOS MEXICANOS 6.37500% 14-23.01.45 | 200 000.00 | 167 375.00 | 0.01 |
| USD | PETROLEOS MEXICANOS 6.84000% 20-23.01.30 | 530 000.00 | 517 306.50 | 0.04 |
| USD | PHILIP MORRIS INTERNATIONAL INC 1.50000% 20-01.05.25 | 490 000.00 | 506 191.71 | 0.04 |
| USD | PHILIPPINES, REPUBLIC OF THE 2.45700% 20-05.05.30 | 2 435 000.00 | 2 629 800.00 | 0.22 |
| USD | PHILLIPS 66 PARTNERS LP 4.68000% 15-15.02.45 | 500 000.00 | 526 858.90 | 0.04 |
| USD | PLAINS ALL AMERICAN PIPELINE LP 3.80000% 20-15.09.30 | 495 000.00 | 515 714.81 | 0.04 |
| USD | REYNOLDS AMERICAN INC 5.70000% 15-15.08.35 | 400 000.00 | 507 046.04 | 0.04 |
| USD | ROPER TECHNOLOGIES INC 2.00000% 20-30.06.30 | 930 000.00 | 955 997.32 | 0.08 |
| USD | ROPER TECHNOLOGIES INC 1.00000% 20-15.09.25 | 680 000.00 | 684 150.31 | 0.06 |
| USD | SANDS CHINA LTD-REG-S 4.37500% 20-18.06.30 | 415 000.00 | 449 528.00 | 0.04 |
| USD | SAUDI ARABIAN OIL CO-REG-S 1.62500% 20-24.11.25 | 420 000.00 | 427 564.20 | 0.04 |
| USD | SHIMAO PROPERTY HOLDINGS LTD-REG-S 4.60000% 20-13.07.30 | 200 000.00 | 214 000.00 | 0.02 |
| USD | SINOPEC CAPITAL 2013 LTD-REG-S 3.12500% 13-24.04.23 | 700 000.00 | 731 062.50 | 0.06 |
| USD | SOUTH AFRICA, REPUBLIC OF 4.87500% 16-14.04.26 | 500 000.00 | 530 312.50 | 0.04 |
| USD | SOUTHWEST AIRLINES CO 4.75000% 20-04.05.23 | 345 000.00 | 374 170.65 | 0.03 |
| USD | SOUTHWEST AIRLINES CO 5.12500% 20-15.06.27 | 490 000.00 | 570 229.27 | 0.05 |
| USD | SPRINT CORP 7.87500% 14-15.09.23 | 1 000 000.00 | 1 153 345.70 | 0.10 |
| USD | SRI LANKA, DEMOCRATIC REP OF-REG-S 6.20000% 17-11.05.27 | 1 500 000.00 | 883 593.75 | 0.07 |
| USD | SUMITOMO MITSUI FIN GP INC-SUB 3.20200% 19-17.09.29 | 320 000.00 | 347 385.60 | 0.03 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 7.00000% 20-09.07.25 | 875 000.00 | 875 000.00 | 0.07 |
| USD | SUNCOR ENERGY INC 3.10000% 20-15.05.25 | 330 000.00 | 359 159.30 | 0.03 |
| USD | SUNCORP-METWAY LTD-REG-S 2.80000% 17-04.05.22 | 150 000.00 | 154 843.50 | 0.01 |
| USD | SYNGENTA FINANCE NV-144A 3.93300% 18-23.04.21 | 200 000.00 | 202 035.42 | 0.02 |
| USD | TELEFONICA EMISIONES SA 5.52000% 19-01.03.49 | 440 000.00 | 587 492.45 | 0.05 |
| USD | TRUIST FINANCIAL CORP 2.70000% 16-27.01.22 | 350 000.00 | 359 025.42 | 0.03 |
| USD | TURKEY, REPUBLIC OF 6.87500% 06-17.03.36 | 680 000.00 | 705 075.00 | 0.06 |
| USD | UKRAINE, GOVERNMENT OF-REG-S 7.37500% 17-25.09.32 | 1 650 000.00 | 1 770 140.63 | 0.15 |
| USD | UNITED RENTALS NORTH AMERICA INC 3.87500% 19-15.11.27 | 1 000 000.00 | 1 047 930.00 | 0.09 |
| USD | UNITED TECHNOLOGIES CORP 3.95000% 18-16.08.25 | 500 000.00 | 571 513.35 | 0.05 |
| USD | URUGUAY, REPUBLIC OF 4.12500% 12-20.11.45 | 1 660 000.00 | 2 007 043.75 | 0.17 |
| USD | VALE OVERSEAS LTD 3.75000% 20-08.07.30 | 405 000.00 | 444 568.50 | 0.04 |
| USD | VALERO ENERGY CORP 4.90000% 15-15.03.45 | 200 000.00 | 233 315.28 | 0.02 |
| USD | VEB FINANCE PLC-REG-S LPN 5.94200% 13-21.11.23 | 500 000.00 | 556 875.00 | 0.05 |
| USD | VERIZON COMMUNICATIONS INC 3.37600% 18-15.02.25 | 700 000.00 | 777 510.02 | 0.06 |
| USD | WALT DISNEY CO 1.75000% 19-30.08.24 | 990 000.00 | 1 025 796.32 | 0.09 |
| USD | WELLS FARGO & CO 3.06900% 17-24.01.23 | 150 000.00 | 154 317.81 | 0.01 |
| USD | WESTPAC BANKING CORP-SUB 4.42100% 19-24.07.39 | 325 000.00 | 416 263.25 | 0.03 |
| USD | YPF SA-REG-S 6.95000% 17-21.07.27 | 400 000.00 | 262 375.00 | 0.02 |
| USD | YPF SA-REG-S 7.00000% 17-15.12.47 | 230 000.00 | 144 684.37 | 0.01 |
| Total USD |  |  | 89 381 740.73 | 7.44 |

Total Notes, fixed rate	140 880 778.66	11.72
UBS (Lux) Bond SICAV – Global Dynamic (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, zero coupon |  |  |  |
| USD |  |  |  |
| USD	ECUADOR, REPUBLIC OF-REG-S 0.00000% 20-31.07.30 | 105 089.00 | 46 501.88 | 0.01 |
| Total USD |  | 46 501.88 | 0.01 |
| Total Notes, zero coupon |  | 46 501.88 | 0.01 |
| Notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	ENI SPA-REG-S-SUB 3.375%/VAR 20-PRP | 375 000.00 | 476 738.79 | 0.04 |
| EUR	ING GROUP NV-SUB VAR 03-PRP | 300 000.00 | 334 721.64 | 0.03 |
| EUR	ITALY, REPUBLIC OF-144A-REG-S 2.350%/CPI LINKED 14-15.09.24 | 3 500 000.00 | 4 906 990.63 | 0.41 |
| Total EUR |  | 5 718 451.06 | 0.48 |
| GBP |  |  |  |
| GBP	NATWEST GROUP PLC-REG-S-SUB 3.622%/VAR 20-14.08.30 | 575 000.00 | 819 900.26 | 0.06 |
| Total GBP |  | 819 900.26 | 0.06 |
| USD |  |  |  |
| USD	AEGON NV-SUB VAR/10YR CMS+10BP 04-31.12.PRP | 500 000.00 | 410 500.00 | 0.03 |
| USD	ALLIANZ SE-REG-S-SUB 3.500%/VAR 20-PRP | 800 000.00 | 808 400.00 | 0.07 |
| USD	CORP FINANCIERA DE DESARROL-REG-S-SUB 5.250%/VAR 14-15.07.29 | 500 000.00 | 538 906.25 | 0.05 |
| USD	CREDIT SUISSE GROUP AG-REG-S-SUB 6.250%/VAR 14-PRP | 480 000.00 | 526 176.00 | 0.04 |
| USD	DEUTSCHE BANK AG/NEW YORK NY 2.222%/VAR 20-18.09.24 | 355 000.00 | 362 310.55 | 0.03 |
| USD	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.625%/VAR 14-PRP | 450 000.00 | 488 862.00 | 0.04 |
| USD	JPMORGAN CHASE & CO 2.739%/VAR 19-15.10.30 | 540 000.00 | 585 540.57 | 0.05 |
| USD	JPMORGAN CHASE & CO-SUB 2.956%/VAR 20-13.05.31 | 985 000.00 | 1 075 342.13 | 0.09 |
| USD	LLOYDS BANKING GROUP PLC 3.574%/3M LIBOR+120.5BP 17-07.11.28 | 200 000.00 | 224 430.74 | 0.02 |
| USD	PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 4.750%/VAR 20-04.09.31 | 275 000.00 | 290 522.65 | 0.02 |
| USD	SOCIETE GENERAL SA-REG-S-SUB 7.375%/VAR 18-PRP | 2 000 000.00 | 2 147 600.00 | 0.18 |
| USD	STANDARD CHARTERED PLC-REG-S 3.885%/VAR 18-15.03.24 | 400 000.00 | 425 402.68 | 0.04 |
| USD	WESTPAC BANKING CORP-SUB 4.110%/VAR 19-24.07.34 | 450 000.00 | 508 698.00 | 0.04 |
| Total USD |  | 8 392 691.57 | 0.70 |
| Total Notes, floating rate |  | 14 931 042.89 | 1.24 |
| Medium term notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	A.P. MOELLER-MAERSK-REG-S 1.75000% 18-16.03.26 | 100 000.00 | 127 727.12 | 0.01 |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 2.37500% 19-27.09.27 | 200 000.00 | 264 467.86 | 0.02 |
| EUR	AROUNDTOWN SA-REG-S 2.00000% 18-02.11.26 | 100 000.00 | 129 691.77 | 0.01 |
| EUR	BANK OF IRELAND GROUP PLC-REG-S 1.37500% 18-29.08.23 | 300 000.00 | 370 483.02 | 0.03 |
| EUR	BNP PARIBAS-REG-S 1.25000% 18-19.03.25 | 200 000.00 | 251 350.33 | 0.02 |
| EUR	BNP PARIBAS-REG-S 1.00000% 18-17.04.24 | 400 000.00 | 495 480.40 | 0.04 |
| EUR	BPCE SA-REG-S 1.37500% 18-23.03.26 | 100 000.00 | 127 185.96 | 0.01 |
| EUR	CAIXABANK SA-REG-S 0.37500% 20-03.02.25 | 700 000.00 | 846 393.32 | 0.07 |
| EUR	CANAL DE ISABEL II GESTION SA-REG-S 1.68000% 15-26.02.25 | 200 000.00 | 253 959.36 | 0.02 |
| EUR	CASINO GUICHARD PERRACHON SA-REG-S 1.86500% 17-13.06.22 | 1 800 000.00 | 2 142 394.20 | 0.18 |
| EUR	CNH INDUSTRIAL FINANCE EUROPE SA-REG-S 1.87500% 18-19.01.26 | 235 000.00 | 299 985.59 | 0.03 |
| EUR	COMMERZBANK AG-REG-S 0.62500% 19-28.08.24 | 255 000.00 | 313 051.23 | 0.03 |
| EUR	COVESTRO AG-REG-S 1.37500% 20-12.06.30 | 820 000.00 | 1 051 805.84 | 0.09 |
| EUR	CPI PROPERTY GROUP SA-REG-S 2.75000% 20-12.05.26 | 930 000.00 | 1 181 616.89 | 0.10 |
| EUR	CREDIT AGRICOLE SA LONDON-REG-S 1.37500% 18-13.03.25 | 200 000.00 | 252 841.28 | 0.02 |
| EUR	DAIMLER AG-REG-S 2.00000% 20-22.08.26 | 690 000.00 | 912 868.07 | 0.08 |
| EUR	DANSKE BANK AS-REG-S 1.37500% 19-24.05.22 | 255 000.00 | 311 884.43 | 0.03 |
| EUR	DANSKE BANK AS-REG-S-SUB 1.50000% 20-02.09.30 | 285 000.00 | 347 275.10 | 0.03 |
| EUR	DEUTSCHE BANK AG-REG-S 1.12500% 18-30.08.23 | 340 000.00 | 420 658.08 | 0.04 |
| EUR	DEUTSCHE BANK AG-REG-S 1.62500% 19-12.02.21 | 200 000.00 | 240 053.41 | 0.02 |
| EUR	DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 1 200 000.00 | 1 447 391.47 | 0.12 |
| EUR	EDP FINANCE BV-REG-S 2.00000% 15-22.04.25 | 400 000.00 | 520 155.61 | 0.04 |
| EUR	ELECTRICITE DE FRANCE-REG-S 2.00000% 19-09.12.49 | 300 000.00 | 411 672.35 | 0.03 |
| EUR	ELENIA FINANCE OYJ-REG-S 0.37500% 20-06.02.27 | 445 000.00 | 537 121.07 | 0.04 |
| EUR	ELIA TRANSMISSION BELGIUM SA-REG-S 0.87500% 20-28.04.30 | 300 000.00 | 378 536.29 | 0.03 |
| EUR	FORD MOTOR CREDIT CO LLC 3.02100% 19-06.03.24 | 110 000.00 | 135 675.52 | 0.01 |
| EUR	GLOBALWORTH REAL ESTATE INVEST-REG-S 3.00000% 18-29.03.25 | 200 000.00 | 248 435.79 | 0.02 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 2.00000% 18-01.11.28 | 270 000.00 | 364 075.02 | 0.03 |
| EUR	HEIDELBERGCEMENT FIN LUX SA-REG-S 1.12500% 19-01.12.27 | 140 000.00 | 177 574.36 | 0.01 |
| EUR	HEINEKEN NV-REG-S 2.25000% 20-30.03.30 | 280 000.00 | 395 562.77 | 0.03 |
| EUR	INFRASTRUTTURE WIRELESS ITALI SPA-REG-S 1.87500% 20-08.07.26 | 565 000.00 | 708 150.66 | 0.06 |
| EUR	KBC GROUP NV-REG-S 1.12500% 19-25.01.24 | 200 000.00 | 248 147.86 | 0.02 |
| EUR	KION GROUP AG-REG-S 1.62500% 20-24.09.25 | 400 000.00 | 493 612.40 | 0.04 |
| EUR	NASSA TOPCO AS-REG-S 2.87500% 17-06.04.24 | 1 400 000.00 | 1 759 971.46 | 0.15 |
| EUR	NEW YORK LIFE GLOBAL FUNDING-REG-S 0.25000% 20-23.01.27 | 1 265 000.00 | 1 540 884.43 | 0.13 |
| EUR	ORANO SA-REG-S 3.37500% 19-23.04.26 | 1 000 000.00 | 1 283 044.12 | 0.11 |
| EUR	REDEXIS GAS FINANCE BV-REG-S 1.87500% 15-27.04.27 | 400 000.00 | 519 916.36 | 0.04 |
| EUR	REN FINANCE B V-REG-S 2.50000% 15-12.02.25 | 600 000.00 | 796 189.76 | 0.07 |
| EUR	ROMANIA-REG-S 4.62500% 19-03.04.49 | 4 000 000.00 | 6 259 116.50 | 0.52 |
| EUR	SANOFI-REG-S 1.37500% 18-21.03.30 | 100 000.00 | 135 935.93 | 0.01 |
| EUR	VODAFONE GROUP PLC-REG-S 2.50000% 19-24.05.39 | 230 000.00 | 331 755.73 | 0.03 |
| EUR	VOLKSWAGEN FINANCIAL SERVICES AG-REG-S 1.50000% 19-01.10.24 | 230 000.00 | 288 488.87 | 0.02 |
| Total EUR |  | 29 322 587.59 | 2.44 |
| GBP |  |  |  |
| GBP	CHINA DEVELOPMENT BANK-REG-S 1.25000% 20-21.01.23 | 880 000.00 | 1 184 430.73 | 0.10 |
| GBP	CPI PROPERTY GROUP SA-REG-S 2.75000% 20-22.01.28 | 160 000.00 | 213 875.01 | 0.02 |
| GBP	LLOYDS BANKING GROUP PLC 2.25000% 17-16.10.24 | 100 000.00 | 139 819.79 | 0.01 |
| Total GBP |  | 1 538 125.53 | 0.13 |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 3.87500% 15-01.08.25 | 1 000 000.00 | 1 136 634.90 | 0.09 |
| USD	EGYPT, REPUBLIC OF-REG-S 8.70020% 19-01.03.49 | 2 000 000.00 | 2 193 125.00 | 0.18 |
| USD	EXPORT IMPORT BANK OF THAILAND-REG-S 1.45700% 20-15.10.25 | 3 035 000.00 | 3 046 583.69 | 0.25 |
| USD	INDIAN OIL CORP LTD-REG-S 5.75000% 13-01.08.23 | 500 000.00 | 549 531.25 | 0.04 |

UBS (Lux) Bond SICAV – Global Dynamic (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 | KAZAKHSTAN, REPUBLIC OF-REG-S 5.12500% 15-21.07.25 | 2 000 000.00 | 2 353 000.00 | 0.20 |
| USD | MIRVAC GROUP FINANCE LTD-REG-S 3.62500% 17-18.03.27 | 200 000.00 | 214 098.00 | 0.02 |
| USD | MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 2 190 000.00 | 2 529 450.00 | 0.21 |
| USD | MORGAN STANLEY-SUB 4.35000% 14-08.09.26 | 1 000 000.00 | 1 174 005.10 | 0.10 |
| USD | PERTAMINA PERSERO PT-REG-S 4.70000% 19-30.07.49 | 390 000.00 | 443 381.25 | 0.04 |
| USD | PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 5.37500% 17-06.07.27 | 600 000.00 | 664 824.00 | 0.05 |
| USD | ROMANIA-REG-S 6.12500% 14-22.01.44 | 700 000.00 | 987 437.50 | 0.08 |
| USD | SAUDI ARABIAN OIL CO-REG-S 2.87500% 19-16.04.24 | 1 000 000.00 | 1 056 250.00 | 0.09 |
| USD | SAUDI ARABIAN OIL CO-REG-S 3.50000% 19-16.04.29 | 935 000.00 | 1 034 343.75 | 0.09 |
| USD | SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 4.00000% 18-17.04.25 | 4 000 000.00 | 4 462 500.00 | 0.37 |
| Total USD |  |  | 21 845 164.44 | 1.81 |
| Total Medium term notes, fixed rate |  | 52 705 877.56 | 4.38 |
| Medium term notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	ALLIED IRISH BANKS PLC-REG-S-SUB 7.375%/VAR 15-PRP | 3 400 000.00 | 4 067 080.00 | 0.34 |
| EUR	AXA SA-REG-S-SUB 3.250%/VAR 18-28.05.49 | 120 000.00 | 165 651.21 | 0.02 |
| EUR	BARCLAYS PLC-REG-S 3.375%/VAR 20-02.04.25 | 540 000.00 | 711 091.85 | 0.06 |
| EUR	CREDIT AGRICOLE SA-REG-S 1.000%/VAR 20-22.04.26 | 500 000.00 | 620 977.33 | 0.05 |
| EUR	CREDIT SUISSE GROUP AG-REG-S 3.250%/VAR 20-02.04.26 | 185 000.00 | 250 209.45 | 0.02 |
| EUR	DEUTSCHE BANK AG-REG-S 1.000%/VAR 20-19.11.25 | 700 000.00 | 845 311.48 | 0.07 |
| EUR	DEUTSCHE BANK AG-REG-S 1.750%/VAR 20-19.11.30 | 600 000.00 | 741 083.22 | 0.06 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 100 000.00 | 125 900.05 | 0.01 |
| EUR	LLOYDS BANKING GROUP PLC-REG-S 3.500%/VAR 20-01.04.26 | 380 000.00 | 517 030.17 | 0.04 |
| EUR	NATWEST GROUP PLC-REG-S 2.000%/VAR 18-04.03.25 | 600 000.00 | 757 181.68 | 0.06 |
| EUR	NORDEA BANK ABP-REG-S-SUB 1.000%/VAR 19-27.06.29 | 700 000.00 | 848 811.56 | 0.07 |
| EUR	TOTAL SE-REG-S-SUB 2.625%/VAR 15-PRP | 260 000.00 | 327 697.18 | 0.03 |
| EUR	UBS AG-REG-S-SUB 4.750%/VAR 14-12.02.26 | 200 000.00 | 240 991.72 | 0.02 |
| Total EUR |  | 10 219 016.90 | 0.85 |
| GBP |  |  |  |
| GBP	ELECTRICITE DE FRANCE SA-REG-S-SUB 6.000%/VAR 13-PRP | 100 000.00 | 152 313.19 | 0.01 |
| Total GBP |  | 152 313.19 | 0.01 |
| USD |  |  |  |
| USD	DBS GROUP HOLDINGS LTD-REG-S-SUB 3.300%/VAR 20-PRP | 1 350 000.00 | 1 366 875.00 | 0.11 |
| USD	HSBC BANK PLC-SUB 6M LIBOR+25BP 85-PRP | 1 000 000.00 | 889 760.00 | 0.08 |
| USD	MORGAN STANLEY 3.622%/VAR 20-01.04.31 | 500 000.00 | 582 593.75 | 0.05 |
| Total USD |  | 2 839 228.75 | 0.24 |
| Total Medium term notes, floating rate |  | 13 210 558.84 | 1.10 |
| Bonds, fixed rate |  |  |  |
| CNY |  |  |  |
| CNY	CHINA DEVELOPMENT BANK CORP 3.80000% 16-25.01.36 | 240 000 000.00 | 35 763 769.06 | 2.98 |
| Total CNY |  | 35 763 769.06 | 2.98 |
| EUR |  |  |  |
| EUR	ABBOTT IRELAND FINCING DAC-REG-S 0.87500% 18-27.09.23 | 165 000.00 | 203 548.40 | 0.02 |
| EUR	ADLER REAL ESTATE AG-REG-S 3.00000% 18-27.04.26 | 600 000.00 | 741 462.18 | 0.06 |
| EUR	ADO PROPERTIES SA-REG-S 1.50000% 17-26.07.24 | 500 000.00 | 583 859.24 | 0.05 |
| EUR	ALSTRIA OFFICE REIT-AG-REG-S 1.50000% 20-23.06.26 | 600 000.00 | 747 832.66 | 0.06 |
| EUR	AROUNDTOWN SA-REG-S 0.37500% 19-23.09.22 | 100 000.00 | 120 386.76 | 0.01 |
| EUR	BPCE SA-REG-S 0.25000% 20-15.01.26 | 800 000.00 | 970 644.53 | 0.08 |
| EUR	DXC TECHNOLOGY CO 1.75000% 18-15.01.26 | 200 000.00 | 245 144.93 | 0.02 |
| EUR	EIRCOM FINANCE DAC-REG-S 3.50000% 19-15.05.26 | 1 110 000.00 | 1 357 120.67 | 0.11 |
| EUR	GREECE, HELLENIC REPUBLIC OF-144A-REG-S 1.87500% 19-23.07.26 | 3 235 000.00 | 4 243 985.06 | 0.35 |
| EUR	HEATHROW FUNDING LTD-REG-S 1.50000% 20-12.10.25 | 350 000.00 | 438 164.95 | 0.04 |
| EUR	INTRUM JUSTITIA AB-REG-S 2.75000% 17-15.07.22 | 280 000.00 | 33 491.05 | 0.00 |
| EUR	INTRUM JUSTITIA AB-REG-S 3.12500% 17-15.07.24 | 570 000.00 | 678 329.37 | 0.06 |
| EUR	ITALY, REPUBLIC OF-BTP-144A-REG-S 3.250% 14-01.09.46 | 7 500 000.00 | 12 573 018.96 | 1.05 |
| EUR	ITALY, REPUBLIC OF-BTP 1.60000% 16-01.06.26 | 6 000 000.00 | 7 783 229.13 | 0.65 |
| EUR	ITALY, REPUBLIC OF-BTP-REG-S 0.95000% 20-01.08.30 | 5 000 000.00 | 6 212 249.38 | 0.52 |
| EUR	MATTERHORN TELECOM SA-REG-S 3.12500% 19-15.09.26 | 1 220 000.00 | 1 449 440.32 | 0.12 |
| EUR	MPT OPERATING PARTNERSHIP LP/FIN CORP 3.32500% 17-24.03.25 | 800 000.00 | 1 013 696.24 | 0.08 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 1.50000% 15-25.03.35 | 6 000 000.00 | 8 619 232.98 | 0.72 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 3.12500% 15-07.08.45 | 4 500 000.00 | 9 004 881.16 | 0.75 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 0.48750% 20-20.10.50 | 5 673 000.00 | 7 009 235.55 | 0.58 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 2.15000%15-31.10.25 | 14 300 000.00 | 19 291 763.34 | 1.60 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 1.40000% 18-30.07.28 | 6 360 000.00 | 8 516 283.22 | 0.71 |
| EUR	SUMMER BIDCO BV-REG-S 9.00000% 19-15.11.25 | 1 250 000.00 | 1 622 990.83 | 0.14 |
| EUR	TAURON POLSKA ENERGIA SA-REG-S 2.37500% 17-05.07.27 | 1 000 000.00 | 1 247 786.13 | 0.10 |
| EUR	UMG GROUPE VYV 1.62500% 19-02.07.29 | 1 100 000.00 | 1 385 466.35 | 0.12 |
| EUR	UNITED GROUP BV-REG-S 3.12500% 20-15.02.26 | 760 000.00 | 888 656.98 | 0.07 |
| EUR	VERISURE MIDHOLDING AB-REG-S 5.75000% 17-01.12.23 | 1 140 000.00 | 1 376 350.11 | 0.11 |
| EUR	VIATRIS INC-REG-S 3.12500% 16-22.11.28 | 100 000.00 | 142 526.75 | 0.01 |
| EUR	VIVION INVESTMENTS SARL-REG-S 3.00000% 19-08.08.24 | 200 000.00 | 232 660.90 | 0.02 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 1.12500% 17-02.10.23 | 200 000.00 | 247 383.70 | 0.02 |
| Total EUR |  | 98 980 821.83 | 8.23 |
| GBP |  |  |  |
| GBP	BRACKEN MIDCO1 PLC-REG-S (PIK) 8.87500% 18-15.10.23 | 1 051 875.00 | 1 369 198.07 | 0.11 |
| GBP	BUPA FINANCE PLC-REG-S-SUB 5.00000% 13-25.04.23 | 100 000.00 | 144 854.79 | 0.01 |
| GBP	DIGNITY FINANCE PLC-REG-S 4.69560% 14-31.12.49 | 151 000.00 | 158 263.85 | 0.01 |
| GBP	JERROLD FINCO PLC-REG-S 6.12500% 17-15.01.24 | 1 000 000.00 | 1 328 374.75 | 0.11 |
| GBP	MILLER HOMES GROUP HOLDINGS PLC-REG-S 5.50000% 17-15.10.24 | 1 000 000.00 | 1 368 425.58 | 0.11 |
| GBP	ROTHESAY LIFE PLC-REG-S-SUB 3.37500% 19-12.07.26 | 845 000.00 | 1 181 956.42 | 0.10 |
| GBP	SCOTTISH WIDOWS PLC-REG-S-SUB 5.50000% 13-16.06.23 | 200 000.00 | 294 477.13 | 0.03 |
| GBP	UNITED KINGDOM OF GREAT BRITAIN-REG-S 1.50000% 16-22.07.47 | 3 000 000.00 | 4 629 016.20 | 0.39 |
| GBP	UNITED KINGDOM OF GREAT BRITAIN-REG-S 0.87500% 19-22.10.29 | 7 500 000.00 | 10 555 216.37 | 0.88 |
| Total GBP |  | 21 029 783.16 | 1.75 |

UBS (Lux) Bond SICAV – Global Dynamic (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) |  |
| JPY |  |  |  |  |
| JPY | JAPAN 0.50000% 19-20.03.59 | 360 000 000.00 | 3 244 091.12 | 0.27 |
| Total JPY |  |  | 3 244 091.12 | 0.27 |
| MXN |  |  |  |  |
| MXN | MEXICO, UNITED MEXICAN STATES 7.75000% 11-13.11.42 | 9 871 700.00 | 54 179 870.35 | 4.51 |
| Total MXN |  | 54 179 870.35 | 4.51 |
| NZD |  |  |  |  |
| NZD | NEW ZEALAND 4.50000% 14-15.04.27 | 200 000.00 | 176 005.02 | 0.02 |
| NZD | NEW ZEALAND-REG-S 2.75000% 16-15.04.25 | 200 000.00 | 155 526.82 | 0.01 |
| NZD | NEW ZEALAND-REG-S 5.50000% 11-15.04.23 | 200 000.00 | 158 141.25 | 0.01 |
| Total NZD |  |  | 489 673.09 | 0.04 |
| USD |  |  |  |  |
| USD | AMERICAN AIRLINES PASS THROUGH TRUST 4.37500% 14-01.10.22 | 605 000.00 | 204 776.56 | 0.02 |
| USD | BALTIMORE GAS & ELECTRIC CO 3.50000% 16-15.08.46 | 700 000.00 | 817 777.03 | 0.07 |
| USD | BANK TABUNGAN NEGARA PERSERO-REG-S-SUB 4.20000% 20-23.01.25 | 200 000.00 | 202 125.00 | 0.02 |
| USD | BRAZIL, FEDERATIVE REPUBLIC OF 7.12500% 06-20.01.37 | 1 500 000.00 | 2 002 031.25 | 0.17 |
| USD | CITIGROUP INC 3.87500% 13-25.10.23 | 600 000.00 | 659 298.78 | 0.06 |
| USD | CNAC HK FINBRIDGE CO LTD-REG-S 3.50000% 17-19.07.22 | 245 000.00 | 246 607.81 | 0.02 |
| USD | CNAC HK FINBRIDGE CO LTD-REG-S 4.62500% 18-14.03.23 | 1 000 000.00 | 1 032 812.50 | 0.09 |
| USD | COLOMBIA, REPUBLIC OF 6.12500% 09-18.01.41 | 1 000 000.00 | 1 321 250.00 | 0.11 |
| USD | GAZ CAPITAL SA/GAZPROM-REG-S LPN 7.28800% 07-16.08.37 | 630 000.00 | 910 153.13 | 0.08 |
| USD | GOLDMAN SACHS GROUP INC-SUB 5.15000% 15-22.05.45 | 200 000.00 | 280 639.52 | 0.02 |
| USD | HCA INC 5.37500% 15-01.02.25 | 1 000 000.00 | 1 119 530.00 | 0.09 |
| USD | KAZAKHSTAN, REPUBLIC OF-REG-S 4.87500% 14-14-10.44 | 1 200 000.00 | 1 620 375.00 | 0.13 |
| USD | MEXICO CITY AIRPORT TRUST-REG-S 5.50000% 17-31.07.47 | 450 000.00 | 441 513.00 | 0.04 |
| USD | MOROCCO, KINGDOM OF THE-REG-S 5.50000% 12-11.12.42 | 3 000 000.00 | 3 722 812.50 | 0.31 |
| USD | NETFLIX INC 4.37500% 16-15.11.26 | 1 000 000.00 | 1 108 750.00 | 0.09 |
| USD | PACIFIC GAS & ELECTRIC CO 2.10000% 20-01.08.27 | 535 000.00 | 538 002.53 | 0.04 |
| USD | PACIFIC GAS & ELECTRIC CO 2.50000% 20-01.02.31 | 415 000.00 | 417 425.68 | 0.03 |
| USD | PETROLEOS DE VENEZUE-REG-S *DEFAULTED* 6.00000% 14-16.05.24 | 600 000.00 | 19 200.00 | 0.00 |
| USD | REYNOLDS AMERICAN INC 4.45000% 15-12.06.25 | 150 000.00 | 171 082.85 | 0.01 |
| USD | SFC CAPITAL LTD-REG-S 5.37500% 16-16.06.23 | 500 000.00 | 532 812.50 | 0.04 |
| USD | SOUTH AFRICA, REPUBLIC OF 6.30000% 18-22.06.48 | 500 000.00 | 512 343.75 | 0.04 |
| USD | SOUTHERN CALIFORNIA EDISON CO 2.85000% 19-01.08.29 | 500 000.00 | 541 100.80 | 0.05 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 6.50000% 20-10.01.25 | 910 000.00 | 896 350.00 | 0.07 |
| USD | TURKEY, REPUBLIC OF 6.62500% 14-17.02.45 | 700 000.00 | 696 281.25 | 0.06 |
| USD | UPL CORP LTD-REG-S 4.62500% 20-16.06.30 | 1 010 000.00 | 1 079 121.87 | 0.09 |
| Total USD |  |  | 21 094 173.31 | 1.75 |
| ZAR |  |  |  |  |
| ZAR | SOUTH AFRICA, REPUBLIC OF 8.75000% 12-28.02.48 | 1 000 000 000.00 | 51 676 782.17 | 4.30 |
| ZAR | SOUTH AFRICA, REPUBLIC OF 8.50000% 13-31.01.37 | 210 000 000.00 | 11 069 570.34 | 0.93 |
| Total ZAR |  |  | 62 746 352.51 | 5.23 |
| Total Bonds, fixed rate |  | 297 528 534.43 | 24.76 |
| Bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	AG INSURANCE SA/NV-REG-S-SUB 3.500%/VAR 15-30.06.47 | 300 000.00 | 405 813.24 | 0.04 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 3.250%/VAR 20-PRP | 490 000.00 | 625 007.15 | 0.05 |
| EUR	BP CAPITAL MARKETS PLC-REG-S-SUB 3.625%/VAR 20-PRP | 390 000.00 | 509 087.77 | 0.04 |
| EUR	ELM BV-REG-S-SUB 2.600%/VAR 15-PRP | 290 000.00 | 372 915.35 | 0.03 |
| EUR	ENGIE SA-REG-S-SUB 3.250%/VAR 19-PRP | 100 000.00 | 129 787.70 | 0.01 |
| EUR	HOLCIM FINANCE LUXEMBOURG SA-REG-S-SUB 3.000%/VAR 19-PRP | 200 000.00 | 248 637.35 | 0.02 |
| EUR	TELEFONICA EUROPE BV-REG-S-SUB 3.875%/VAR 18-PRP | 1 200 000.00 | 1 527 822.05 | 0.13 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.125%/VAR 18-PRP | 200 000.00 | 222 493.20 | 0.02 |
| EUR	VONOVIA FINANCE BV-REG-S-SUB 4.000%/VAR 14-PRP | 300 000.00 | 371 448.81 | 0.03 |
| Total EUR |  | 4 413 012.62 | 0.37 |
| GBP |  |  |  |
| GBP	BARCLAYS PLC-REG-S-SUB 7.250%/VAR 17-PRP | 200 000.00 | 286 496.39 | 0.02 |
| GBP	CYBG PLC-REG-S-SUB 8.000%/VAR 16-PRP | 1 610 000.00 | 2 165 310.50 | 0.18 |
| GBP	CYBG PLC-REG-S-SUB 8.750%/VAR 16-PRP | 1 020 000.00 | 1 419 472.90 | 0.12 |
| GBP	M&G PLC-REG-S-SUB 5.625%/VAR 18-20.10.51 | 150 000.00 | 235 321.39 | 0.02 |
| GBP	SANTANDER UK GROUP HOLD PLC-REG-S-SUB 6.750%/VAR 17-PRP | 200 000.00 | 291 708.43 | 0.02 |
| Total GBP |  | 4 398 309.61 | 0.36 |
| USD |  |  |  |
| USD	BP CAPITAL MARKETS PLC-SUB 4.875%/VAR 20-PRP | 485 000.00 | 534 858.00 | 0.04 |
| USD	CREDIT SUISSE GROUP AG-REG-S-SUB 7.500%/VAR 18-PRP | 1 230 000.00 | 1 339 101.00 | 0.11 |
| USD	QBE INSURANCE GROUP LTD-REG-S-SUB 6.750%/VAR 14-02.12.44 | 380 000.00 | 428 617.20 | 0.04 |
| USD	SCOR SE-REG-S-SUB 5.250%/VAR 18-PRP | 400 000.00 | 418 824.00 | 0.03 |
| USD	WESTPAC BANKING CORP-SUB 5.000%/VAR 17-PRP | 200 000.00 | 206 648.00 | 0.02 |
| Total USD |  | 2 928 048.20 | 0.24 |
| Total Bonds, floating rate |  | 11 739 370.43 | 0.97 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.12500% 14-15.08.44 | 9 500 000.00 | 12 700 683.00 | 1.06 |
| USD	AMERICA, UNITED STATES OF 3.00000% 17-15.05.47 | 12 000 000.00 | 15 932 343.60 | 1.32 |
| USD	AMERICA, UNITED STATES OF 2.87500% 19-15.05.49 | 26 000 000.00 | 34 066 091.80 | 2.83 |
| USD	AMERICA, UNITED STATES OF 1.87500% 17-31.07.22 | 675 000.00 | 694 379.86 | 0.06 |
| USD	AMERICA, UNITED STATES OF 2.87500% 18-30.04.25 | 15 000 000.00 | 16 686 327.00 | 1.39 |
| USD	AMERICA, UNITED STATES OF 2.00000% 13-15.02.23 | 1 000 000.00 | 1 040 234.30 | 0.09 |
| USD	AMERICA, UNITED STATES OF 2.50000% 14-15.05.24 | 6 000 000.00 | 6 468 984.00 | 0.54 |
| USD	AMERICA, UNITED STATES OF 1.75000% 17-30.06.22 | 1 300 000.00 | 1 333 109.31 | 0.11 |
| USD	AMERICA, UNITED STATES OF 1.62500% 19-30.11.26 | 46 000 000.00 | 49 076 250.00 | 4.08 |
| USD	AMERICA, UNITED STATES OF 0.62500% 20-15.05.30 | 15 000 000.00 | 14 744 531.25 | 1.23 |

UBS (Lux) Bond SICAV – Global Dynamic (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 | AMERICA, UNITED STATES OF TB 0.12500% 01.06.20-31.05.22 | 31 750 000.00 | 31 746 279.22 | 2.64 |
| USD | AMERICA, UNITED STATES OF 0.50000% 20-30.06.27 | 38 000 000.00 | 37 836 718.56 | 3.15 |
| USD | AMERICA, UNITED STATES OF 0.62500% 20-15.08.30 | 19 875 000.00 | 19 489 921.88 | 1.62 |
| USD | AMERICA, UNITED STATES OF 0.50000% 20-31.08.27 | 20 000 000.00 | 19 887 500.00 | 1.65 |
| Total USD |  |  | 261 703 353.78 | 21.77 |
| Total Treasury notes, fixed rate |  | 261 703 353.78 | 21.77 |
| Treasury notes, floating rate |  |  |  |
| BRL |  |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 6.000%/IPCA LINKD 10-15.08.50 | 1 050.00 | 849 686.49 | 0.07 |
| Total BRL |  | 849 686.49 | 0.07 |
| Total Treasury notes, floating rate |  | 849 686.49 | 0.07 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 793 595 704.96 | 66.02 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Asset Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	CPS AUTO TRUST-144A 4.61000% 17-15.12.22 | 247 000.00 | 231 142.05 | 0.02 |
| USD	DRIVE AUTO RECEIVABLES TRUST 4.30000% 18-15.04.26 | 1 000 000.00 | 1 054 740.60 | 0.09 |
| USD	DT AUTO OWNER TRUST-144A 4.19000% 18-15.07.24 | 1 000 000.00 | 1 039 687.60 | 0.08 |
| Total USD |  | 2 325 570.25 | 0.19 |
| Total Asset Backed Securities, fixed rate |  | 2 325 570.25 | 0.19 |
| Asset Backed Securities, floating rate |  |  |  |
| USD |  |  |  |
| USD	SOFI PROFESSIONA LOAN PROGRAM LLC-144A VAR 17-26.03.40 | 850 000.00 | 892 610.07 | 0.07 |
| Total USD |  | 892 610.07 | 0.07 |
| Total Asset Backed Securities, floating rate |  | 892 610.07 | 0.07 |
| Mortgage Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BANK BNK-SUB 4.40700% 18-01.11.61 | 1 850 000.00 | 2 218 632.30 | 0.18 |
| USD	BBCMS TRUST-144A-SUB 4.19700% 15-06.08.35 | 100 000.00 | 112 346.40 | 0.01 |
| USD	BENCHMARK MORTGAGE TRUST 3.94360% 18-01.07.51 | 1 350 000.00 | 1 584 692.37 | 0.13 |
| USD	BENCHMARK MORTGAGE TRUST-SUB 4.51000% 18-01.05.53 | 2 000 000.00 | 2 442 618.80 | 0.20 |
| USD	BENCHMARK MORTGAGE TRUST-SUB 3.97900% 19-01.03.62 | 1 350 000.00 | 1 554 689.84 | 0.13 |
| USD	CITIGROUP COMMERCIAL MORTGAGE 3.36600% 16-01.11.49 | 1 500 000.00 | 1 645 410.15 | 0.14 |
| USD	COMM MORTGAGE TRUST-SUB 4.22800% 18-01.05.51 | 2 500 000.00 | 2 971 915.25 | 0.25 |
| USD	JPMDB COMMERCIAL MORTGAGE TRT 4.42100% 18-01.06.51 | 1 150 000.00 | 1 337 816.16 | 0.11 |
| USD	MORGAN STANLEY BOA MERR LYH TRT 15-C24 3.73200% 15-01.05.48 | 800 000.00 | 889 650.80 | 0.07 |
| USD	MORGAN STANLEY CAPITAL INC-SUB 3.33000% 17-01.12.50 | 450 000.00 | 494 536.09 | 0.04 |
| USD	MORGAN STANLEY CAPITAL I TRUST-SUB 4.31000% 18-01.12.51 | 1 355 000.00 | 1 623 663.44 | 0.14 |
| USD	MSBAM LYNCH TRUST-SUB 3.99400% 16-01.12.49 | 600 000.00 | 670 880.10 | 0.06 |
| USD	WELLS FARGO COMMERCIAL MORTGAGE TRUST 4.21200% 18-01.05.51 | 1 400 000.00 | 1 641 355.94 | 0.14 |
| Total USD |  | 19 188 207.64 | 1.60 |
| Total Mortgage Backed Securities, fixed rate |  | 19 188 207.64 | 1.60 |
| Mortgage Backed Securities, floating rate |  |  |  |
| USD |  |  |  |
| USD	AVENTURA MALL TRUST-144A FLR 18-01.07.40 | 2 060 000.00 | 2 223 280.54 | 0.18 |
| USD	BAMLL COMMERCIAL MORT SET-144A 1M LIBOR+135BP 18-15.09.34 | 1 575 000.00 | 1 500 024.65 | 0.12 |
| USD	BANK 2017-BNK9 VAR 17-01.11.54 | 1 500 000.00 | 1 706 338.35 | 0.14 |
| USD	BANK-SUB FLR 18-01.02.61 | 895 000.00 | 911 158.95 | 0.08 |
| USD	BBCMS TRUST CBM-144A 1M LIBOR+119.1098BP 18-15.07.37 | 1 650 000.00 | 1 546 692.18 | 0.13 |
| USD	BENCHMARK 2018-B2 MORTGAGE TRUST-SUB FLR 18-01.02.51 | 1 400 000.00 | 1 553 667.92 | 0.13 |
| USD	BENCHMARK MORTGAGE TRUST-SUB FLR 18-01.10.51 | 1 500 000.00 | 1 683 528.90 | 0.14 |
| USD	BENCHMARK MORTGAGE TRUST-SUB FLR 18-01.10.51 | 1 950 000.00 | 1 997 283.01 | 0.17 |
| USD	BENCHMARK MORTGAGE TRUST FLR 18-01.01.52 | 2 000 000.00 | 2 389 472.20 | 0.20 |
| USD	BX COMMERCIAL MORTGAGE TRUST-144A 1M LIBOR+75BP 18-15.11.35 | 355 000.00 | 139 944.36 | 0.01 |
| USD	BX COMMERCIAL MORTGAGE TRUST-144A 1M LIBOR+90BP 18-15.11.35 | 500 000.00 | 349 122.72 | 0.03 |
| USD	BX TRUST-144A 1M LIBOR+80BP 18-15.05.35 | 1 300 000.00 | 1 262 545.57 | 0.11 |
| USD	BX TRUST-144A 1M LIBOR+122BP 18-15.05.35 | 2 000 000.00 | 1 899 802.60 | 0.16 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+145BP 19-15.12.37 | 500 000.00 | 499 394.80 | 0.04 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+175BP 19-15.12.37 | 1 620 000.00 | 1 607 816.46 | 0.13 |
| USD	CD MORTGAGE TRUST FLR 17-01.11.50 | 2 220 000.00 | 2 446 871.34 | 0.20 |
| USD	CGDBB COMME MORTGAGE TRUST-144A 1M LIBOR+97BP 17-15.07.32 | 1 000 000.00 | 912 993.17 | 0.08 |
| USD	CSAIL 2015-C4 COMMERCIAL MORTGAGE TRUST-SUB VAR 15-01.11.48 | 500 000.00 | 505 898.95 | 0.04 |
| USD	CSWF TOP-144A-SUB FLR 18-15.08.35 | 1 625 000.00 | 1 203 959.38 | 0.10 |
| USD	GS MORTGAGE SECURITIES CORP II 4.155%/VAR 18-01.07.51 | 330 000.00 | 385 564.57 | 0.03 |
| USD	GS MORTGAGE SECURITIES TRUST 4.047%/VAR 17-01.03.50 | 3 000 000.00 | 3 305 330.40 | 0.28 |
| USD	JP MORGAN CHASE MORTGAGE SECURITIES-144A-SUB FLR 18-01.01.31 | 2 045 000.00 | 2 051 054.22 | 0.17 |
| USD	JP MORGAN CHASE MORTGAGE SECURITIES-144A-SUB FLR 18-01.01.31 | 2 000 000.00 | 1 979 484.20 | 0.16 |
| USD	JPMCC COMMERCIAL MORTGAGE SEC TRUST VAR 17-01.09.50 | 3 200 000.00 | 3 226 841.28 | 0.27 |
| USD	JPMDB COMMER MORTGAGE SECURITIES TRUST VAR 17-01.03.50 | 1 450 000.00 | 1 617 275.77 | 0.13 |
| USD	MAD MORTGAGE TRUST-144A 3.294%/VAR 17-01.08.34 | 1 500 000.00 | 1 553 110.50 | 0.13 |
| USD	MAD MORTGAGE TRUST-144A 3.478%/VAR 17-01.08.34 | 1 500 000.00 | 1 545 437.85 | 0.13 |
| USD	MAD MORTGAGE TRUST-144A 3.599%/VAR 17-01.08.34 | 1 000 000.00 | 1 028 433.50 | 0.09 |
| USD	ROSSLYN PORTFOLIO TRUST ROSS 1M LIBOR+300BP 17-15.06.33 | 700 000.00 | 580 169.35 | 0.05 |
| USD	WELLS FARGO COMMERCIAL MORTGAGE FLR 17-01.12.50 | 1 400 000.00 | 1 572 052.02 | 0.13 |
| USD	WORLDWIDE PLAZA TRUST-144A-SUB FLR 17-01.11.36 | 2 675 000.00 | 2 851 521.91 | 0.24 |
| Total USD |  | 48 036 071.62 | 4.00 |
| Total Mortgage Backed Securities, floating rate |  | 48 036 071.62 | 4.00 |
| UBS (Lux) Bond SICAV – Global Dynamic (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, fixed rate |  |  |  |
| CAD |  |  |  |
| CAD	ONTARIO, PROVINCE OF 2.70000% 19-02.06.29 | 6 000 000.00 | 5 167 667.25 | 0.43 |
| Total CAD |  | 5 167 667.25 | 0.43 |
| EUR |  |  |  |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 8.00000% 19-15.05.27 | 1 925 000.00 | 2 482 676.68 | 0.21 |
| Total EUR |  | 2 482 676.68 | 0.21 |
| USD |  |  |  |
| USD	AKER BP ASA-144A 3.00000% 20-15.01.25 | 565 000.00 | 574 585.73 | 0.05 |
| USD	ALTRIA GROUP INC 4.25000% 12-09.08.42 | 150 000.00 | 170 618.37 | 0.01 |
| USD	BNP PARIBAS-144A 4.40000% 18-14.08.28 | 200 000.00 | 236 910.54 | 0.02 |
| USD	BRAZIL MINAS SPE-REG-S 5.33300% 13-15.02.28 | 200 000.00 | 170 350.00 | 0.01 |
| USD	BROADCOM INC 3.15000% 20-15.11.25 | 1 000 000.00 | 1 086 587.20 | 0.09 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 5.50000% 16-01.05.26 | 1 000 000.00 | 1 041 500.00 | 0.09 |
| USD	CENTENE CORP 4.62500% 20-15.12.29 | 1 000 000.00 | 1 096 250.00 | 0.09 |
| USD	CITIGROUP INC-SUB 4.60000% 16-09.03.26 | 200 000.00 | 233 615.44 | 0.02 |
| USD	COLONIAL ENTERPRISES INC-144A 3.25000% 20-15.05.30 | 470 000.00 | 526 344.63 | 0.04 |
| USD	COSTCO WHOLESALE CORP 1.60000% 20-20.04.30 | 195 000.00 | 199 953.19 | 0.02 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 5.30000% 19-01.10.29 | 355 000.00 | 429 142.00 | 0.04 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 7.12500% 16-15.06.24 | 250 000.00 | 259 062.50 | 0.02 |
| USD	ENLINK MIDSTREAM PARTNERS LP 4.40000% 14-01.04.24 | 410 000.00 | 395 117.00 | 0.03 |
| USD	ENTERPRISE PRODUCTS OPERATING LLC 4.85000% 13-15.03.44 | 260 000.00 | 318 351.02 | 0.03 |
| USD	GLENCORE FUNDING LLC-144A 4.87500% 19-12.03.29 | 500 000.00 | 592 398.15 | 0.05 |
| USD	INFOR INC-144A 1.75000% 20-15.07.25 | 355 000.00 | 367 933.14 | 0.03 |
| USD	JPMORGAN CHASE & CO-SUB 3.62500% 16-01.12.27 | 300 000.00 | 340 256.22 | 0.03 |
| USD	MICROSOFT CORP 3.50000% 12-15.11.42 | 200 000.00 | 250 303.82 | 0.02 |
| USD	MPLX LP 4.25000% 20-01.12.27 | 400 000.00 | 454 261.64 | 0.04 |
| USD	NXP BV / NXP FDNG LLC / NXP USA-144A 2.70000% 20-01.05.25 | 160 000.00 | 171 749.74 | 0.01 |
| USD	ONCOR ELECTRIC DELIVERY CO 3.70000% 19-15.11.28 | 760 000.00 | 895 058.76 | 0.07 |
| USD	ORIGIN ENERGY FINANCE LTD-REG-S 5.45000% 11-14.10.21 | 360 000.00 | 373 784.40 | 0.03 |
| USD	OTIS WORLDWIDE CORP 2.56500% 20-15.02.30 | 745 000.00 | 800 214.56 | 0.07 |
| USD	PERU, REPUBLIC OF 5.62500% 10-18.11.50 | 1 500 000.00 | 2 293 500.00 | 0.19 |
| USD	SOUTHWESTERN ELECTRIC POWER 6.20000% 10-15.03.40 | 150 000.00 | 217 604.28 | 0.02 |
| USD	TEACHERS INSURANCE&ANNUITY ASS-144A-SUB 4.90000% 14-15.09.44 | 200 000.00 | 268 082.82 | 0.02 |
| Total USD |  | 13 763 535.15 | 1.14 |
| Total Notes, fixed rate |  | 21 413 879.08 | 1.78 |
| Medium term notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AUSTRALIA & NEW ZEALAND BANK-REG-S-SUB 2.950%VAR 20-22.07.30 | 700 000.00 | 732 228.00 | 0.06 |
| USD	INTESA SANPAOLO SPA-144A-SUB 7.700%/VAR 15-PRP | 1 500 000.00 | 1 685 085.00 | 0.14 |
| Total USD |  | 2 417 313.00 | 0.20 |
| Total Medium term notes, floating rate |  | 2 417 313.00 | 0.20 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	PANTHER BF AGGR 2/PANTHER FIN CO-REG-S 4.37500% 19-15.05.26 | 2 460 000.00 | 3 040 642.32 | 0.25 |
| Total EUR |  | 3 040 642.32 | 0.25 |
| USD |  |  |  |
| USD	FIVE CORNERS FUNDING TRUST-144A 4.41900% 13-15.11.23 | 200 000.00 | 222 554.12 | 0.02 |
| USD	PHILLIPS 66 4.65000% 14-15.11.34 | 250 000.00 | 294 238.85 | 0.03 |
| Total USD |  | 516 792.97 | 0.05 |
| Total Bonds, fixed rate |  | 3 557 435.29 | 0.30 |
| Bonds, floating rate |  |  |  |
| JPY |  |  |  |
| JPY	JAPAN 0.100%/CPI LINKED 19-10.03.29 | 1 200 000 000.00 | 11 538 026.62 | 0.96 |
| Total JPY |  | 11 538 026.62 | 0.96 |
| NZD |  |  |  |
| NZD	NEW ZEALAND 2.500%/CPI LINKED 17-20.09.40 | 89 000 000.00 | 96 781 126.16 | 8.05 |
| NZD	NEW ZEALAND 3.000%/CPI LINKED 13-20.09.30 | 67 000 000.00 | 68 551 069.82 | 5.71 |
| NZD	NEW ZEALAND-REG-S 2.500%/CPI LINKED 14-20.09.35 | 30 000 000.00 | 31 404 618.00 | 2.61 |
| Total NZD |  | 196 736 813.98 | 16.37 |
| USD |  |  |  |
| USD	PACIFIC GAS AND ELECTRIC CO 3M LIBOR+137.5BP 20-15.11.21 | 2 905 000.00 | 2 908 153.95 | 0.24 |
| Total USD |  | 2 908 153.95 | 0.24 |
| Total Bonds, floating rate |  | 211 182 994.55 | 17.57 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 309 014 081.50 | 25.71 |

Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market
| USD |  |
| --- | --- |
| USD | DBGS 2018-BIOD MORTGAGE TRUST-SUB 4.76400% 18-01.10.51 | 1 300 000.00 | 1 550 573.18 | 0.13 |
| Total USD |  |  | 1 550 573.18 | 0.13 |

Mortgage Backed Securities, fixed rate
Total Mortgage Backed Securities, fixed rate	1 550 573.18	0.13
UBS (Lux) Bond SICAV – Global Dynamic (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, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ABBVIE INC 2.62500% 20-15.11.28 | 100 000.00 | 141 665.97 | 0.01 |
| Total EUR |  | 141 665.97 | 0.01 |
| USD |  |  |  |
| USD	ABBVIE INC 4.75000% 20-15.03.45 | 100 000.00 | 131 357.50 | 0.01 |
| USD	TECK RESOURCES LTD 3.90000% 20-15.07.30 | 530 000.00 | 578 283.53 | 0.05 |
| Total USD |  | 709 641.03 | 0.06 |
| Total Notes, fixed rate |  | 851 307.00 | 0.07 |
| Bonds, floating rate |  |  |  |
| USD |  |  |  |
| USD	SCENTRE GROUP TRUST 2-REG-S-SUB 4.750%/VAR 20-24.09.80 | 650 000.00 | 675 447.50 | 0.06 |
| Total USD |  | 675 447.50 | 0.06 |
| Total Bonds, floating rate |  | 675 447.50 | 0.06 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market |  | 3 077 327.68 | 0.26 |
| Recently issued transferable securities and money market instruments |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AKER BP ASA-144A 4.00000% 20-15.01.31 | 525 000.00 | 530 320.30 | 0.04 |
| USD	CAMERON LNG LLC-144A 3.30200% 19-15.01.35 | 340 000.00 | 382 741.74 | 0.03 |
| USD	CARRIER GLOBAL CORP-144A 2.72200% 20-15.02.30 | 550 000.00 | 585 946.96 | 0.05 |
| USD	CHEVRON PHILLIPS CHEMICAL CO LLC-144A 5.12500% 20-01.04.25 | 460 000.00 | 539 538.65 | 0.05 |
| USD	GRAPHIC PACKAGING INTERNATIONL INC-144A 3.50000% 20-15.03.28 | 1 000 000.00 | 1 042 210.00 | 0.09 |
| USD	NXP BV / NXP FDNG LLC / NXP USA-144A 3.15000% 20-01.05.27 | 900 000.00 | 982 531.17 | 0.08 |
| Total USD |  | 4 063 288.82 | 0.34 |
| Total Notes, fixed rate	4 063 288.82 | 0.34 |
| Total Recently issued transferable securities and money market instruments	4 063 288.82 | 0.34 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |
| Investment funds, open end |  |
| Ireland |  |
| EUR	ISHARES EURO HIGH YIELD CORPORATE BOND UCITS ETF EUR	1 000.00	121 749.24 | 0.01 |
| USD	UBS (IRL) SELECT MONEY MARKET FUND-USD-S-DIST	1 141.24	11 412 380.00 | 0.95 |
| GBP	UBS (IRL) SELECT MONEY MARKET FUND-GBP-S-DIST	179.85	2 401 100.78 | 0.20 |
| Total Ireland	13 935 230.02 | 1.16 |
| Luxembourg |  |
| USD	UBS (LUX) BOND SICAV - MULTI INCOME (USD) U-X-ACC	500.00	5 237 315.00 | 0.44 |
| Total Luxembourg	5 237 315.00 | 0.44 |
| Switzerland |  |
| CHF	UBS (CH) BOND FUND - ENHANCED YIELD SHORT TERM (CHF) U-X	1 002.03	11 101 923.48 | 0.92 |
| Total Switzerland	11 101 923.48 | 0.92 |
| Total Investment funds, open end	30 274 468.50 | 2.52 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010	30 274 468.50 | 2.52 |
| Total investments in securities	1 140 024 871.46 | 94.85 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange |
| Financial Futures on bonds |
|  |  |  |  |
| EUR	EURO BTP ITALY GOVERMENT FUTURE 08.12.20 | -226.00 | -1 527 427.78 | -0.13 |
| EUR	EURO-BOBL FUTURE 08.12.20 | -100.00 | -27 512.60 | 0.00 |
| EUR	EURO-BUXL FUTURE 08.12.20 | -135.00 | -864 852.60 | -0.07 |
| EUR	EURO-OAT FUTURE 08.12.20 | -50.00 | -123 806.70 | -0.01 |
| GBP	LONG GILT FUTURE 29.03.21 | -635.00 | -33 910.27 | 0.00 |
| AUD	AUSTRALIA 10YR BOND FUTURE 15.12.20 | -10.00 | -8 048.47 | 0.00 |
| JPY	JAPAN GOVERNMENT 10Y BOND (OSE) FUTURE 14.12.20 | 37.00 | 49 676.34 | 0.00 |
| CAD	CAN 10YR BOND FUTURE 22.03.21 | -377.00 | -122 185.35 | -0.01 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 22.03.21 | -160.00 | -101 249.92 | -0.01 |
| USD	US LONG BOND FUTURE 22.03.21 | 35.00 | 22 148.42 | 0.00 |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.21 | -270.00 | -23 202.72 | 0.00 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.21 | -320.00 | -50 000.00 | 0.00 |
| USD	US 10YR ULTRA NOTE FUTURE 22.03.21 | 20.00 | 12 500.00 | 0.00 |
| USD	US 10YR TREASURY NOTE FUTURE 22.03.21 | -429.00 | -134 062.50 | -0.01 |
| Total Financial Futures on bonds |  | -2 931 934.15 | -0.24 |
| Total Derivative instruments listed on an official stock exchange |  | -2 931 934.15 | -0.24 |

UBS (Lux) Bond SICAV – Global Dynamic (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 not listed on an official stock exchange and not traded on another regulated market
Swaps and forward swaps on interest rates
| CAD CAD | LCH/INTEREST RATE SWAP PAYER 3.49750% 19-25.06.24 LCH/INTEREST RATE SWAP REC CAB3M 19-25.06.24 | -5 000 000.00 | -433 506.71 | -0.04 |
| --- | --- | --- | --- | --- |
| USD | LCH/INTEREST RATE SWAP PAYER 2.29200% 20-03.02.25 | -8 000 000.00 | -705 536.03 | -0.06 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 20-03.02.25 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.37200% 15-28.04.45 | -2 000 000.00 | -506 821.40 | -0.04 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 15-28.04.45 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 2.27700% 15-13.05.45 | -1 200 000.00 | -605 438.75 | -0.05 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 15-13.05.45 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 2.33100% 15-14.05.45 | -1 200 000.00 | -625 495.91 | -0.05 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 15-14.05.45 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 1.51890% 15-05.06.45 | -300 000 000.00 | -873 482.38 | -0.07 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 15-05.06.45 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 1.55125% 15-08.06.45 | -300 000 000.00 | -896 257.90 | -0.07 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 15-08.06.45 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 1.56450% 15-15.06.45 | -200 000 000.00 | -603 554.61 | -0.05 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 15-15.06.45 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 2.36950% 15-12.06.45 | -800 000.00 | -436 981.75 | -0.04 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 15-12.06.45 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 1.45625% 15-23.06.45 | -200 000 000.00 | -552 059.81 | -0.05 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 15-23.06.45 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 2.43600% 15-25.06.45 | -1 200 000.00 | -681 039.08 | -0.06 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 15-25.06.45 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 1.52750% 15-06.07.45 | -300 000 000.00 | -878 115.87 | -0.07 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 15-06.07.45 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 2.47600% 15-13.07.45 | -1 200 000.00 | -696 398.70 | -0.06 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 15-13.07.45 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 2.46100% 15-15.07.45 | -1 600 000.00 | -921 046.16 | -0.08 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 15-15.07.45 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 2.24350% 15-31.07.45 | -2 000 000.00 | -1 011 385.56 | -0.08 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 15-31.07.45 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 2.08300% 15-04.08.45 | -800 000.00 | -401 793.11 | -0.03 |
| GBP | LCH/INTEREST RATE SWAP REC 3ML 15-04.08.45 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.56500% 15-10.11.45 | -2 500 000.00 | -749 981.34 | -0.06 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 15-10.11.45 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.60800% 15-19.11.45 | -2 400 000.00 | -742 267.00 | -0.06 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 15-19.11.45 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.56750% 16-05.04.46 | -250 000 000.00 | -160 705.65 | -0.01 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 16-05.04.46 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.12350% 16-18.04.46 | -2 000 000.00 | -407 991.73 | -0.03 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 16-18.04.46 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.59900% 16-30.04.46 | -200 000 000.00 | -142 948.39 | -0.01 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 16-30.04.46 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.52500% 16-23.09.46 | -210 000 000.00 | -113 131.32 | -0.01 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 16-23.09.46 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.19900% 16-11.10.46 | -1 000 000.00 | -175 812.57 | -0.01 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 16-11.10.46 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.21650% 16-13.10.46 | -1 500 000.00 | -272 388.05 | -0.02 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 16-13.10.46 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.39400% 17-23.03.27 | -4 600 000.00 | -550 139.37 | -0.05 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 17-23.03.27 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.43900% 17-29.03.47 | -1 250 000.00 | -325 480.09 | -0.03 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 17-29.03.47 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.40950% 17-31.03.47 | -1 250 000.00 | -312 896.81 | -0.03 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 17-31.03.47 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.34600% 17-07.04.27 | -5 000 000.00 | -580 513.20 | -0.05 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 17-07.04.27 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.79150% 17-29.05.47 | -160 000 000.00 | -190 494.19 | -0.02 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 17-29.05.47 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.87750% 17-28.07.47 | -160 000 000.00 | -230 193.99 | -0.02 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 17-28.07.47 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.57230% 17-01.08.47 | -1 800 000.00 | -582 034.33 | -0.05 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 17-01.08.47 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.24850% 17-02.08.27 | -4 300 000.00 | -504 235.96 | -0.04 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 17-02.08.27 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.72300% 18-21.02.48 | -1 200 000.00 | -444 009.49 | -0.04 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 18-21.02.48 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.91625% 18-27.02.48 | -160 000 000.00 | -247 543.62 | -0.02 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 18-27.02.48 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.71375% 18-27.12.48 | -440 000 000.00 | -459 169.78 | -0.04 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 18-27.12.48 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.55291% 19-01.02.49 | -1 200 000.00 | -385 686.39 | -0.03 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 19-01.02.49 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.63500% 19-14.03.49 | -390 000 000.00 | -320 476.78 | -0.03 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 19-14.03.49 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.54275% 19-10.04.49 | -355 000 000.00 | -202 495.31 | -0.02 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 19-10.04.49 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.58300% 24-24.09.29 | -54 000 000.00 | -812 806.28 | -0.07 |
| NZD | LCH/INTEREST RATE SWAP REC 3MF 24-24.09.29 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.20750% 19-27.09.29 | -35 900 000.00 | -946 889.27 | -0.08 |
| NZD | LCH/INTEREST RATE SWAP REC 3MF 19-27.09.29 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.47300% 24-15.10.29 | -55 000 000.00 | -603 039.12 | -0.05 |
| NZD | LCH/INTEREST RATE SWAP REC 3MF 24-15.10.29 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.67500% 24-30.10.29 | -32 000 000.00 | -561 627.49 | -0.05 |
| NZD | LCH/INTEREST RATE SWAP REC 3MF 24-30.10.29 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.14124% 19-13.12.49 | -9 400 000.00 | -1 675 278.95 | -0.14 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 19-13.12.49 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 2.11600% 20-23.01.30 | -142 000 000.00 | -4 148 871.38 | -0.35 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIB 20-23.01.30 |  |  |  |

UBS (Lux) Bond SICAV – Global Dynamic (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) |  |
|  |  |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 1.91900% 20-10.02.30 | -155 000 000.00 | -3 711 125.31 | -0.31 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIBR 20-10.02.30 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 1.66500% 20-27.02.30 | -123 500 000.00 | -2 124 926.76 | -0.18 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIBR 20-27.02.30 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 1.29910% 20-03.03.50 | -5 800 000.00 | -75 409.82 | -0.01 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 20-03.03.50 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 1.34000% 20-06.03.30 | -101 000 000.00 | -885 182.57 | -0.07 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIBR 20-06.03.30 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 0.85750% 20-23.07.30 | -87 000 000.00 | 488 311.59 | 0.04 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIBR 20-23.07.30 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 0.34200% 20-10.09.50 | -10 000.00 | 223.65 | 0.00 |
| GBP | LCH/INTEREST RATE SWAP REC 12ML 20-10.09.50 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 0.13510% 20-16.09.30 | -100 000.00 | 1 175.06 | 0.00 |
| GBP | LCH/INTEREST RATE SWAP REC 12ML 20-16.09.30 |  |  |  |
| NZD | BC/INTEREST RATE SWAP REC 5.20000% 13-09.12.23 | 1 200 000.00 | 145 556.78 | 0.01 |
| NZD | BC/INTEREST RATE SWAP PAYER 3MFRA 13-09.12.23 |  |  |  |
| NZD | BC/INTEREST RATE SWAP REC 5.14300% 14-17.02.24 | 2 100 000.00 | 251 367.81 | 0.02 |
| NZD | BC/INTEREST RATE SWAP PAYER 3ML 14-17.02.24 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP REC 2.34500% 20-03.02.25 | 10 000 000.00 | 554 131.53 | 0.05 |
| CAD | LCH/INTEREST RATE SWAP REC CAB3M 20-03.02.25 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP REC 1.85125% 25-27.10.45 | 350 000 000.00 | 967 438.65 | 0.08 |
| JPY | LCH/INTEREST RATE SWAP PAYER 6ML 25-22.10.45 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.88000% 16-22.04.21 | 65 000 000.00 | 15 174.54 | 0.00 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 16-22.04.21 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.28000% 16-23.07.26 | 95 000 000.00 | 296 647.86 | 0.03 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 16-23.07.26 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP REC 0.32000% 16-21.09.31 | 400 000 000.00 | 112 109.58 | 0.01 |
| JPY | LCH/INTEREST RATE SWAP PAYER 6ML 16-21.09.31 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.77500% 18-16.11.48 | 2 000 000.00 | 786 045.25 | 0.07 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 18-16.11.48 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 3.02250% 19-02.04.24 | 105 000 000.00 | 175 131.17 | 0.01 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAY CNRR007 19-02.04.24 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.43349% 19-10.04.49 | 2 400 000.00 | 664 748.75 | 0.06 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-10.04.49 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 8.20500% 19-20.04.29 | 160 000 000.00 | 1 561 125.22 | 0.13 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 19-20.04.29 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.22300% 19-07.06.49 | 2 000 000.00 | 410 249.37 | 0.03 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-07.06.49 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.18689% 19-20.06.49 | 2 900 000.00 | 556 795.51 | 0.05 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-20.06.49 |  |  |  |
| CNY | HSBC/INTEREST RATE SWAP REC 2.87250% 19-16.07.24 | 90 000 000.00 | 77 645.58 | 0.01 |
| CNY | HSBC/INTEREST RATE SWAP PAYER CNRR007 19-16.07.24 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.77000% 19-28.08.24 | 180 000 000.00 | 43 393.16 | 0.00 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 19-28.08.24 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.78300% 19-10.09.24 | 180 000 000.00 | 72 307.74 | 0.01 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 19-10.09.24 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.94000% 19-19.09.24 | 75 000 000.00 | 98 141.42 | 0.01 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 19-19.09.24 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP REC 1.83100% 24-19.09.29 | 46 000 000.00 | 655 224.02 | 0.05 |
| CAD | LCH/INTEREST RATE SWAP PAYER 3MC 24-19.09.29 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP REC 1.68250% 19-02.10.24 | 30 000 000.00 | 894 201.22 | 0.07 |
| CAD | LCH/INTEREST RATE SWAP PAYER 3MC 19-02.10.24 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.68000% 19-26.09.29 | 150 000 000.00 | 677 926.38 | 0.06 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 19-26.09.29 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.96250% 19-21.10.24 | 140 000 000.00 | 186 408.19 | 0.02 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 19-21.10.24 |  |  |  |
| CNY | CITIGROUP/INTEREST RATE SWAP REC 3.03500% 19-23.10.24 | 271 000 000.00 | 475 157.10 | 0.04 |
| CNY | CITIGROUP/INTEREST RATE SWAP PAYER CNRR007 19-23.10.24 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 3.15750% 19-30.10.24 | 111 000 000.00 | 271 081.01 | 0.02 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 19-30.10.24 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP REC 1.22000% 19-21.11.24 | 42 500 000.00 | 1 025 003.81 | 0.09 |
| NZD | LCH/INTEREST RATE SWAP PAYER 3MF 19-21.11.24 |  |  |  |
| CNY | HSBC/INTEREST RATE SWAP REC 2.96500% 20-06.01.25 | 169 000 000.00 | 233 332.16 | 0.02 |
| CNY | HSBC/INTEREST RATE SWAP PAYER CNRR007 20-06.01.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.92500% 20-16.01.25 | 114 000 000.00 | 127 855.29 | 0.01 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-16.01.25 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.84250% 20-09.01.30 | 320 000 000.00 | 1 616 407.91 | 0.13 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 20-09.01.30 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.53600% 20-14.02.30 | 245 000 000.00 | 974 362.92 | 0.08 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 20-14.02.30 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.45000% 20-03.03.25 | 405 000 000.00 | -755 281.39 | -0.06 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-03.03.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.44500% 20-04.03.25 | 500 000 000.00 | -944 968.05 | -0.08 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-04.03.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.15000% 20-04.06.25 | 130 000 000.00 | -531 222.27 | -0.04 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-04.06.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.30000% 20-05.06.25 | 145 000 000.00 | -440 939.14 | -0.04 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-05.06.25 |  |  |  |
| CNY | HSBC/INTEREST RATE SWAP REC 2.30500% 20-08.06.25 | 135 000 000.00 | -407 232.18 | -0.03 |
| CNY | HSBC/INTEREST RATE SWAP PAYER CNRR007 20-08.06.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.23500% 20-10.06.25 | 110 000 000.00 | -388 348.39 | -0.03 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-10.06.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.27000% 20-11.06.25 | 80 000 000.00 | -262 844.40 | -0.02 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-11.06.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.19500% 20-12.06.25 | 137 000 000.00 | -517 622.34 | -0.04 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-12.06.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.24500% 20-17.06.25 | 300 000 000.00 | -1 044 284.63 | -0.09 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-17.06.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.82000% 20-20.11.25 | 495 000 000.00 | 128 807.61 | 0.01 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-20.11.25 |  |  |  |

Total Swaps and forward swaps on interest rates	-25 223 920.99	-2.10
UBS (Lux) Bond SICAV – Global Dynamic (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) |  |

Credit default swaps*
| USD | BOA/MEX CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -8 750 000.00 | -155 917.52 | -0.01 |
| --- | --- | --- | --- | --- |
| USD | CITIBANK/BRAZIL CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -5 500 000.00 | 39 931.96 | 0.00 |
| USD | JPMORGAN/BRAZIL CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -5 500 000.00 | 39 931.96 | 0.00 |
| USD | BOA/TURKEY CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 8 750 000.00 | -723 368.24 | -0.06 |
| USD | CITIBANK/SOAF CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 5 500 000.00 | -152 718.26 | -0.01 |
| USD | JPMORGAN/SOAF CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 5 500 000.00 | -152 718.26 | -0.01 |
| Total Credit default swaps | -1 104 858.36 | -0.09 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market | -26 328 779.35 | -2.19 |
| Total Derivative instruments | -29 260 713.50 | -2.43 |
| Forward Foreign Exchange contracts |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |

| IDR | 162 720 900 000.00 | USD | 11 046 904.28 | 4.12.2020 | 469 349.60 | 0.04 |
| --- | --- | --- | --- | --- | --- | --- |
| INR | 712 340 000.00 | USD | 9 612 965.91 | 4.12.2020 | 6 268.78 | 0.00 |
| USD | 22 102 041.24 | PHP | 1 068 700 000.00 | 4.12.2020 | -121 259.15 | -0.01 |
| RUB | 2 592 067 500.00 | USD | 32 757 904.91 | 4.12.2020 | 1 123 522.05 | 0.09 |
| MYR | 45 336 000.00 | USD | 10 895 457.82 | 4.12.2020 | 231 533.77 | 0.02 |
| COP | 84 001 223 000.00 | USD | 21 812 833.81 | 4.12.2020 | 1 608 913.05 | 0.13 |
| USD | 10 694 395.49 | TWD | 303 400 000.00 | 4.12.2020 | 52 422.16 | 0.01 |
| USD | 2 102 720.38 | CNY | 14 145 000.00 | 4.12.2020 | -45 889.93 | 0.00 |
| USD | 9 699 454.28 | JPY | 1 016 800 000.00 | 4.12.2020 | -51 812.31 | 0.00 |
| EUR | 19 475 000.00 | NOK | 216 550 315.00 | 4.12.2020 | -1 154 164.24 | -0.10 |
| USD | 44 917 514.80 | CAD | 59 100 000.00 | 4.12.2020 | -687 973.28 | -0.06 |
| AUD | 17 765 000.00 | USD | 12 630 398.04 | 4.12.2020 | 459 890.24 | 0.04 |
| USD | 10 925 308.04 | CHF | 10 000 000.00 | 4.12.2020 | -121 059.08 | -0.01 |
| USD | 234 179 173.58 | EUR | 200 160 000.00 | 4.12.2020 | -5 258 555.98 | -0.44 |
| NOK | 628 970 000.00 | USD | 66 527 055.43 | 4.12.2020 | 4 490 186.19 | 0.37 |
| CZK | 515 180 000.00 | USD | 22 391 020.02 | 4.12.2020 | 1 036 915.96 | 0.09 |
| USD | 24 603 682.19 | SEK | 218 240 000.00 | 4.12.2020 | -922 523.85 | -0.08 |
| USD | 62 234 807.16 | ZAR | 1 005 520 000.00 | 4.12.2020 | -2 727 448.13 | -0.23 |
| USD | 48 528 949.70 | GBP | 37 400 000.00 | 4.12.2020 | -1 402 294.28 | -0.12 |
| PLN | 84 665 000.00 | USD | 21 614 005.74 | 4.12.2020 | 975 505.84 | 0.08 |
| USD | 254 445 827.70 | NZD | 381 555 000.00 | 4.12.2020 | -13 711 662.23 | -1.14 |
| USD | 32 990 348.03 | MXN | 699 140 000.00 | 4.12.2020 | -1 690 534.37 | -0.14 |
| USD | 34 057 553.45 | THB | 1 057 940 000.00 | 4.12.2020 | -915 188.04 | -0.08 |
| HUF | 3 372 850 000.00 | USD | 10 801 732.00 | 4.12.2020 | 433 998.55 | 0.04 |
| GBP | 7 980 000.00 | JPY | 1 083 762 204.00 | 4.12.2020 | 260 331.07 | 0.02 |
| AUD | 15 960 000.00 | CHF | 10 442 308.80 | 4.12.2020 | 225 295.10 | 0.02 |
| BRL | 63 762 925.00 | USD | 11 425 000.00 | 4.12.2020 | 413 092.36 | 0.04 |
| USD | 11 425 000.00 | JPY | 1 185 029 563.00 | 4.12.2020 | 60 386.32 | 0.01 |
| USD | 2 545 900.01 | EUR | 2 140 000.00 | 4.12.2020 | -14 035.75 | 0.00 |
| USD | 2 723 034.82 | ZAR | 41 590 000.00 | 4.12.2020 | 36 086.58 | 0.00 |
| INR | 855 575 600.00 | USD | 11 540 000.00 | 4.12.2020 | 13 447.08 | 0.00 |
| AUD | 15 840 000.00 | NZD | 16 911 576.00 | 4.12.2020 | -213 647.29 | -0.02 |
| USD | 2 427 337.16 | MXN | 49 620 000.00 | 4.12.2020 | -34 065.97 | 0.00 |
| USD | 2 817 559.60 | GBP | 2 125 000.00 | 4.12.2020 | -19 442.90 | 0.00 |
| CAD | 15 460 022.90 | NZD | 17 140 000.00 | 4.12.2020 | -116 039.07 | -0.01 |
| AUD | 15 985 000.00 | NZD | 16 862 320.74 | 4.12.2020 | -72 186.50 | -0.01 |
| EUR | 19 614 621.68 | CZK | 515 180 000.00 | 4.12.2020 | 35 695.52 | 0.00 |
| TRY | 44 988 337.80 | USD | 5 900 000.00 | 4.12.2020 | -150 665.94 | -0.01 |
| NZD | 4 350 000.00 | USD | 3 022 375.65 | 4.12.2020 | 34 811.60 | 0.00 |
| CHF | 10 765 000.00 | JPY | 1 227 354 789.00 | 4.12.2020 | 120 893.59 | 0.01 |
| TRY | 47 109 425.00 | USD | 5 885 000.00 | 4.12.2020 | 135 400.73 | 0.01 |
| CHF | 122 470 900.00 | USD | 134 597 457.98 | 21.1.2021 | 944 673.21 | 0.08 |
| EUR | 558 968 300.00 | USD | 665 419 340.99 | 21.1.2021 | 4 261 706.09 | 0.36 |
| CAD | 15 445 000.00 | JPY | 1 236 603 925.00 | 4.12.2020 | 59 168.13 | 0.01 |
| NZD | 3 717 317.71 | PLN | 9 755 000.00 | 4.12.2020 | 9 800.53 | 0.00 |
| USD | 22 197 067.25 | PHP | 1 068 700 000.00 | 7.1.2021 | 17 735.91 | 0.00 |
| PHP | 1 068 700 000.00 | USD | 22 218 295.22 | 4.12.2020 | 5 005.17 | 0.00 |
| USD | 2 967 140.08 | EUR | 2 495 000.00 | 4.12.2020 | -17 457.92 | 0.00 |
| EUR | 1 599 400.00 | USD | 1 906 812.68 | 21.1.2021 | 9 374.46 | 0.00 |
| MYR | 45 336 000.00 | USD | 11 128 129.60 | 7.1.2021 | -11 187.91 | 0.00 |
| USD | 11 130 861.77 | MYR | 45 336 000.00 | 4.12.2020 | 3 870.18 | 0.00 |
| USD | 34 196 141.16 | RUB | 2 592 067 500.00 | 4.12.2020 | 314 714.20 | 0.03 |
| USD | 10 686 861.57 | TWD | 303 400 000.00 | 7.1.2021 | 23 287.75 | 0.00 |
| TWD | 303 400 000.00 | USD | 10 630 693.76 | 4.12.2020 | 11 279.57 | 0.00 |
| IDR | 162 720 900 000.00 | USD | 11 482 668.83 | 7.1.2021 | -30 558.60 | 0.00 |
| INR | 1 567 920 000.00 | USD | 21 138 119.31 | 7.1.2021 | -25 474.87 | 0.00 |
| USD | 11 507 843.00 | IDR | 162 720 900 000.00 | 4.12.2020 | -8 410.88 | 0.00 |
| USD | 21 206 102.49 | INR | 1 567 915 600.00 | 4.12.2020 | 33 420.72 | 0.00 |
| CNY | 14 145 000.00 | USD | 2 149 696.05 | 4.12.2020 | -1 085.74 | 0.00 |
| USD | 2 143 831.46 | CNY | 14 145 000.00 | 7.1.2021 | 1 542.26 | 0.00 |
| BRL | 63 770 000.00 | USD | 11 939 711.66 | 7.1.2021 | -105 688.63 | -0.01 |
| USD | 11 946 215.46 | BRL | 63 762 925.00 | 4.12.2020 | 108 123.10 | 0.01 |
| COP | 84 001 223 000.00 | USD | 23 222 078.07 | 7.1.2021 | 162 332.77 | 0.01 |
| USD | 23 256 152.55 | COP | 84 001 223 000.00 | 4.12.2020 | -165 594.31 | -0.01 |
| RUB | 2 592 067 500.00 | USD | 34 072 079.24 | 11.1.2021 | -337 539.88 | -0.03 |
| Total Forward Foreign Exchange contracts | -11 943 466.84 | -0.99 |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 118 650 911.84** | 9.87 |
| Bank overdraft and other short-term liabilities | -22 337 667.05 | -1.86 |
| Other assets and liabilities | 6 827 537.69 | 0.56 |
| Total net assets | 1 201 961 473.60 | 100.00 |

* Positive nominal: the subfund is “Receiver”, negative nominal: the subfund is “Payer”.
** As at 30 November 2020, cash amounts serve as collateral for the counterparty Bank of America for an amount of USD 940 000.00, Citibank for an amount of USD 3 460 000.00 and JP Morgan for an amount of USD 1 594 000.00.
UBS (Lux) Bond SICAV – Global Dynamic (USD) Semi-Annual Report as of 30 November 2020

Translation (ENFR, 2020-11-30):
# UBS (Lux) Bond SICAV – Global Dynamic (USD)
| Données principales |  |
| --- | --- |
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| Actif net en USD |  | 1 201 961 473.60 | 976 416 981.44 | 345 226 235.61 |
| Catégorie (EUR hedged) F-acc 1 | LU1287054065 |  |  |  |
| Actions en circulation |  | - | - | 39 312.0000 |
| Valeur nette d’inventaire par action en EUR |  | - | - | 104.31 |
| Prix d’émission et de rachat par action en EUR 2 |  | - | - | 104.31 |
| Catégorie (EUR hedged) I-A1-acc 3 | LU1240811650 |  |  |  |
| Actions en circulation |  | 981 315.9790 | 750 514.6690 | - |
| Valeur nette d’inventaire par action en EUR |  | 102.46 | 98.35 | - |
| Prix d’émission et de rachat par action en EUR 2 |  | 102.46 | 98.35 | - |
| Catégorie I-A2-acc 4 | LU2189802106 |  |  |  |
| Actions en circulation |  | 868 851.9330 | - | - |
| Valeur nette d’inventaire par action en USD |  | 103.57 | - | - |
| Prix d’émission et de rachat par action en USD 2 |  | 103.57 | - | - |
| Catégorie (EUR hedged) I-A3-acc 5 | LU2134544555 |  |  |  |
| Actions en circulation |  | 22 484.4330 | 100.0000 | - |
| Valeur nette d’inventaire par action en EUR |  | 118.65 | 113.84 | - |
| Prix d’émission et de rachat par action en EUR 2 |  | 118.65 | 113.84 | - |
| Catégorie I-B-acc 6 | LU2113590561 |  |  |  |
| Actions en circulation |  | 60 358.3600 | - | - |
| Valeur nette d’inventaire par action en USD |  | 99.86 | - | - |
| Prix d’émission et de rachat par action en USD 2 |  | 99.86 | - | - |
| Catégorie (EUR hedged) I-B-acc | LU1193130314 |  |  |  |
| Actions en circulation |  | 244 626.2310 | 65 363.4740 | 76 930.6480 |
| Valeur nette d’inventaire par action en EUR |  | 103.96 | 114.38 | 110.81 |
| Prix d’émission et de rachat par action en EUR 2 |  | 103.96 | 114.38 | 110.81 |
| Catégorie I-X-acc | LU1138686867 |  |  |  |
| Actions en circulation |  | 199 475.2490 | 228 147.7250 | 155 684.2320 |
| Valeur nette d’inventaire par action en USD |  | 134.44 | 127.97 | 120.66 |
| Prix d’émission et de rachat par action en USD 2 |  | 134.44 | 127.97 | 120.66 |
| Catégorie (CHF hedged) I-X-acc | LU1557225098 |  |  |  |
| Actions en circulation |  | 356 706.5050 | 373 152.3150 | 76 329.2180 |
| Valeur nette d’inventaire par action en CHF |  | 122.96 | 117.74 | 114.44 |
| Prix d’émission et de rachat par action en CHF 2 |  | 122.96 | 117.74 | 114.44 |
| Catégorie (EUR hedged) I-X-acc | LU1822788151 |  |  |  |
| Actions en circulation |  | 120 911.6070 | 118 155.3140 | 147 615.8720 |
| Valeur nette d’inventaire par action en EUR |  | 112.62 | 107.73 | 104.29 |
| Prix d’émission et de rachat par action en EUR 2 |  | 112.62 | 107.73 | 104.29 |
| Catégorie K-X-acc 7 | LU1860987145 |  |  |  |
| Actions en circulation |  | 164 788.8360 | 164 788.8360 | 78 158.3670 |
| Valeur nette d’inventaire par action en USD |  | 118.99 | 113.30 | 106.86 |
| Prix d’émission et de rachat par action en USD 2 |  | 118.99 | 113.30 | 106.86 |
| Catégorie K-X-dist 8 | LU1917356179 |  |  |  |
| Actions en circulation |  | 149 093.0950 | 120 329.3350 | - |
| Valeur nette d’inventaire par action en USD |  | 105.92 | 103.16 | - |
| Prix d’émission et de rachat par action en USD 2 |  | 105.92 | 103.16 | - |
| Catégorie P-4%-mdist 9 | LU2051222904 |  |  |  |
| Actions en circulation |  | 29 123.8550 | 28 513.8550 | - |
| Valeur nette d’inventaire par action en USD |  | 101.42 | 99.19 | - |
| Prix d’émission et de rachat par action en USD 2 |  | 101.42 | 99.19 | - |
| Catégorie P-acc | LU0891671751 |  |  |  |
| Actions en circulation |  | 585 509.9540 | 463 352.5420 | 153 812.5500 |
| Valeur nette d’inventaire par action en USD |  | 128.83 | 123.53 | 118.15 |
| Prix d’émission et de rachat par action en USD 2 |  | 128.83 | 123.53 | 118.15 |
| Catégorie (CHF hedged) P-acc | LU0891672213 |  |  |  |
| Actions en circulation |  | 145 205.7920 | 172 184.7300 | 163 166.4700 |
| Valeur nette d’inventaire par action en CHF |  | 112.26 | 108.30 | 106.82 |
| Prix d’émission et de rachat par action en CHF 2 |  | 112.26 | 108.30 | 106.82 |
| Catégorie (EUR hedged) P-acc | LU0891672056 |  |  |  |
| Actions en circulation |  | 2 479 797.8410 | 1 889 095.6090 | 371 635.5540 |
| Valeur nette d’inventaire par action en EUR |  | 116.00 | 111.81 | 109.85 |
| Prix d’émission et de rachat par action en EUR 2 |  | 116.00 | 111.81 | 109.85 |
| Catégorie P-dist | LU0891671835 |  |  |  |
| Actions en circulation |  | 42 787.7170 | 53 032.5600 | 22 159.6960 |
| Valeur nette d’inventaire par action en USD |  | 114.70 | 111.69 | 107.64 |
| Prix d’émission et de rachat par action en USD 2 |  | 114.70 | 111.69 | 107.64 |

UBS (Lux) Bond SICAV – Global Dynamic (USD) Rapport semestriel au 30 novembre 2020
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Catégorie (CHF hedged) P-dist | LU0891672304 |  |  |  |
| Actions en circulation |  | 43 881.5100 | 38 388.7570 | 38 696.4800 |
| Valeur nette d’inventaire par action en CHF |  | 100.05 | 97.84 | 97.24 |
| Prix d’émission et de rachat par action en CHF 2 |  | 100.05 | 97.84 | 97.24 |
| Catégorie (EUR hedged) P-dist | LU0891672130 |  |  |  |
| Actions en circulation |  | 114 854.6040 | 120 348.3040 | 69 975.8500 |
| Valeur nette d’inventaire par action en EUR |  | 103.12 | 100.87 | 99.86 |
| Prix d’émission et de rachat par action en EUR 2 |  | 103.12 | 100.87 | 99.86 |
| Catégorie Q-4%-mdist 10 | LU2038039314 |  |  |  |
| Actions en circulation |  | 101 525.0370 | 108 504.5660 | - |
| Valeur nette d’inventaire par action en USD |  | 101.49 | 98.94 | - |
| Prix d’émission et de rachat par action en USD 2 |  | 101.49 | 98.94 | - |
| Catégorie Q-acc | LU1240774783 |  |  |  |
| Actions en circulation |  | 819 995.7410 | 765 938.7300 | 109 344.1960 |
| Valeur nette d’inventaire par action en USD |  | 127.06 | 121.47 | 115.50 |
| Prix d’émission et de rachat par action en USD 2 |  | 127.06 | 121.47 | 115.50 |
| Catégorie (CHF hedged) Q-acc | LU1240774437 |  |  |  |
| Actions en circulation |  | 446 020.0450 | 463 749.4170 | 223 158.2510 |
| Valeur nette d’inventaire par action en CHF |  | 111.89 | 107.62 | 105.52 |
| Prix d’émission et de rachat par action en CHF 2 |  | 111.89 | 107.62 | 105.52 |
| Catégorie (EUR hedged) Q-acc | LU1240774601 |  |  |  |
| Actions en circulation |  | 1 028 459.1420 | 1 775 888.0570 | 1 041 535.4190 |
| Valeur nette d’inventaire par action en EUR |  | 114.34 | 109.87 | 107.28 |
| Prix d’émission et de rachat par action en EUR 2 |  | 114.34 | 109.87 | 107.28 |
| Catégorie Q-dist | LU1240774866 |  |  |  |
| Actions en circulation |  | 233 444.1090 | 240 782.2450 | 57 642.8900 |
| Valeur nette d’inventaire par action en USD |  | 115.83 | 112.61 | 108.51 |
| Prix d’émission et de rachat par action en USD 2 |  | 115.83 | 112.61 | 108.51 |
| Catégorie (CHF hedged) Q-dist | LU1240774510 |  |  |  |
| Actions en circulation |  | 140 951.6400 | 177 472.1870 | 109 190.2340 |
| Valeur nette d’inventaire par action en CHF |  | 101.54 | 99.66 | 99.05 |
| Prix d’émission et de rachat par action en CHF 2 |  | 101.54 | 99.66 | 99.05 |
| Catégorie (EUR hedged) Q-dist | LU1109640307 |  |  |  |
| Actions en circulation | 62 108.4630 | 87 628.7250 | 51 633.6620 |
| Valeur nette d’inventaire par action en EUR | 101.77 | 100.25 | 99.27 |
| Prix d’émission et de rachat par action en EUR 2 | 101.77 | 100.25 | 99.27 |
| 1  La catégorie d’actions (EUR hedged) F-acc était en circulation jusqu’au 23.3.2020 2  Voir note 1 3  Première VNI 23.12.2019 4  Première VNI 2.7.2020 5  Première VNI 25.3.2020 6  Première VNI 11.11.2020 7  Première VNI 28.8.2018 8  Première VNI 17.7.2019 9  Première VNI 24.9.2019 10  Première VNI 10.9.2019 |  |  |  |

UBS (Lux) Bond SICAV – Global Dynamic (USD) Rapport semestriel au 30 novembre 2020

## Structure du portefeuille-titres
Répartition géographique en % de l’actif net	
Etats-Unis	33.79
Nouvelle-Zélande	16.43
Afrique du Sud	5.31
Mexique	4.76
Grande-Bretagne	3.42
Chine	3.35
Italie	2.86
Espagne	2.48
Slovénie	2.12
Irlande	1.84
Luxembourg	1.69
Japon	1.67
France	1.66
Suisse	1.14
Brésil	0.96
Pays-Bas	0.94
Canada	0.79
Allemagne	0.63
Roumanie	0.62
Arabie saoudite	0.58
Danemark	0.45
Chili	0.42
Ukraine	0.39
Australie	0.38
Norvège	0.36
Grèce	0.35
Suède	0.35
Maroc	0.34
Indonésie	0.33
Kazakhstan	0.33
Ghana	0.31
Guatemala	0.27
Thaïlande	0.25
Pérou	0.24
Costa Rica	0.23
Philippines	0.22
Colombie	0.21
Mongolie	0.21
Nigéria	0.19
Egypte	0.18
Uruguay	0.17
Oman	0.16
Kenya	0.14
Hong Kong	0.13
Îles Vierges britanniques	0.12
Turquie	0.12
Finlande	0.12
Singapour	0.11
Pologne	0.10
Ile Maurice	0.09
Iles Caïmans	0.09
Belgique	0.09
Sri Lanka	0.07
Equateur	0.07
Argentine	0.07
Inde	0.05
Macao	0.04
Jersey	0.04
Bermudes	0.02
Répartition économique en % de l’actif net	
Gouvernements nationaux et centraux	64.34
Banques & instituts de crédit	6.96
Emetteurs d’obligations sécurisées (Pfandbriefe) et
sociétés de refinancement	4.73
Etablissements financiers et sociétés de participation	4.24
Fonds de placement	2.54
Télécommunications	1.27
Diverses sociétés non classées	1.21
Pétrole	1.05
Distribution d’énergie & d’eau	0.98
Véhicules	0.80
Assurances	0.67
Internet, logiciels et services informatiques	0.67
Cantons, Etats fédéraux	0.60
Immobilier	0.56
Services divers	0.53
Produits pharmaceutiques, cosmétiques & médicaux	0.48
Chimie	0.39
Trafic et transport	0.34
Equipement informatique et de réseau	0.33
Soins de santé & services sociaux	0.30
Tabac et boissons alcoolisées	0.28
Textiles, habillement & maroquinerie	0.26
Machines et appareils	0.24
Commerce de détail, centres commerciaux	0.20
Biotechnologie	0.17
Industrie graphique, édition et médias	0.14
Alimentation & softs	0.14
Appareils et composants électriques	0.11
Industrie minière, charbon et acier	0.10
Industrie aéronautique et spatiale	0.08
Industrie de conditionnement	0.04
Restauration et loisirs	0.04
Bâtiment et matériaux de construction	0.03
Biens de consommation divers	0.03
Total	94.85
Total	94.85
UBS (Lux) Bond SICAV – Global Dynamic (USD) Rapport semestriel au 30 novembre 2020

## Etat des actifs nets
Actif	30.11.2020
USD
Portefeuille-titres, cours d’achat	1 068 414 971.59
Portefeuille-titres, plus-/(moins)-value non réalisée		71 609 899.87	
Total du Portefeuille-titres (note 1)	1 140 024 871.46
Avoirs en banque, dépôts à vue et à terme	65 927 053.28*
Autres liquidités (marges)	52 723 858.56
Créances sur souscriptions	16 971 497.51
Intérêts à recevoir sur titres	10 577 176.20
Intérêts à recevoir sur liquidités	11 344.28
Créances sur dividendes	1 085.93
Autres créances	72 349.81
Perte non réalisé(e) sur contrats financiers à terme (note 1)	-2 931 934.15
Perte non réalisé(e) sur contrats de change à terme (note 1)	-11 943 466.84
Perte non réalisé(e) sur swaps (note 1)	-26 328 779.35
Crédit en compte courant	-22 337 667.05
Engagements sur achats de titres (note 1)	-14 855 545.69
Engagements sur rachats	-5 368 741.09
Provisions pour commission de gestion forfaitaire (note 2)	-452 921.62
Provisions pour taxe d’abonnement (note 3)	-78 900.23
Provisions pour autres commissions et frais (note 2)		-49 807.41		 Total des Provisions pour frais			-581 629.26

## Etat des opérations
USD
Revenus d’intérêts sur liquidités	59 206.78
Intérêts sur titres	16 637 512.76
Dividendes	27 323.87
Revenus d’intérêts sur swaps (note 1)	9 067 719.37
Revenus sur prêts de titres (note 12)	227 596.33
Autres revenus (note 4)	958 218.86
Charges d’intérêts sur swaps (note 1)	-6 167 881.70
Commission de gestion forfaitaire (note 2)	-5 099 263.59
Taxe d’abonnement (note 3)	-225 421.50
Frais sur prêts de titres (note 12)	-91 038.53
Autres commissions et frais (note 2)	-49 134.03
Charges d’intérêts sur liquidités et crédit en compte courant	-184 626.41
Bénéfice/(perte) réalisé(e) sur titres évalués à la valeur de marché hors options	8 766 525.84
Bénéfice/perte réalisé(e) sur contrats financiers à terme	318 100.76
Bénéfice/(perte) réalisé(e) sur contrats de change à terme	17 336 058.68
Bénéfice/(perte) réalisé(e) sur swaps	24 773 879.14
Bénéfice/(perte) de change réalisé(e)	11 100 875.57
Plus-/(moins)-value non réalisée sur titres évalués à la valeur de marché hors options	75 841 388.02
Plus-/(moins)-value non réalisée sur instruments du marché monétaire et titres évalués en fonction des rendements	105 089.00
Plus-/(moins)-value non réalisée sur contrats financiers à terme	-2 614 777.52
Plus-/(moins)-value non réalisée sur contrats de change à terme	-23 104 973.35
Plus-/(moins)-value non réalisée sur swaps	-28 879 741.73
* Au 30 novembre 2020, des avoirs en banque ont été utilisés à titre de garanties, à hauteur de 940 000.00 USD en faveur de Bank of America, à hauteur de 3 460 000.00 USD en faveur de Citibank London et à hauteur de 1 594 000.00 USD en faveur de JP Morgan.
UBS (Lux) Bond SICAV – Global Dynamic (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 | 976 416 981.44 |
| Souscriptions | 396 612 751.31 |
| Rachats | 	-267 810 046.89	 |
| Total des Entrées/(sorties) de capitaux | 128 802 704.42 |
| Dividendes versés | -2 060 848.88 |
| Revenus/pertes net(te)s de placements | 15 160 212.21 |
| Total des Bénéfices/(pertes) réalisé(e)s | 62 295 439.99 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 	21 346 984.42	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 98 802 636.62 |
| Actif net à la fin de la période | 1 201 961 473.60 |
| Evolution des actions en circulation |  |
|  | 1.6.2020-30.11.2020 |
| Catégorie | (EUR hedged) I-A1-acc |
| Nombre d’actions en circulation au début de la période | 750 514.6690 |
| Nombre d’actions émises | 493 684.4400 |
| Nombre d’actions rachetées | -262 883.1300 |
| Nombre d’actions en circulation à la fin de la période | 981 315.9790 |
| Catégorie | I-A2-acc |
| Nombre d’actions en circulation au début de la période | 0.0000 |
| Nombre d’actions émises | 868 851.9330 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 868 851.9330 |
| Catégorie | (EUR hedged) I-A3-acc |
| Nombre d’actions en circulation au début de la période | 100.0000 |
| Nombre d’actions émises | 22 583.1830 |
| Nombre d’actions rachetées | -198.7500 |
| Nombre d’actions en circulation à la fin de la période | 22 484.4330 |
| Catégorie | I-B-acc |
| Nombre d’actions en circulation au début de la période | 0.0000 |
| Nombre d’actions émises | 60 358.3600 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 60 358.3600 |
| Catégorie | (EUR hedged) I-B-acc |
| Nombre d’actions en circulation au début de la période | 65 363.4740 |
| Nombre d’actions émises | 268 034.5430 |
| Nombre d’actions rachetées | -88 771.7860 |
| Nombre d’actions en circulation à la fin de la période | 244 626.2310 |
| Catégorie | I-X-acc |
| Nombre d’actions en circulation au début de la période | 228 147.7250 |
| Nombre d’actions émises | 44 836.1020 |
| Nombre d’actions rachetées | -73 508.5780 |
| Nombre d’actions en circulation à la fin de la période | 199 475.2490 |
| Catégorie | (CHF hedged) I-X-acc |
| Nombre d’actions en circulation au début de la période | 373 152.3150 |
| Nombre d’actions émises | 93 847.8790 |
| Nombre d’actions rachetées | -110 293.6890 |
| Nombre d’actions en circulation à la fin de la période | 356 706.5050 |
| Catégorie | (EUR hedged) I-X-acc |
| Nombre d’actions en circulation au début de la période | 118 155.3140 |
| Nombre d’actions émises | 2 919.1750 |
| Nombre d’actions rachetées | -162.8820 |
| Nombre d’actions en circulation à la fin de la période | 120 911.6070 |
| Catégorie | K-X-acc |
| Nombre d’actions en circulation au début de la période | 164 788.8360 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 164 788.8360 |
| Catégorie | K-X-dist |
| Nombre d’actions en circulation au début de la période | 120 329.3350 |
| Nombre d’actions émises | 28 763.7600 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 149 093.0950 |
| Catégorie | P-4%-mdist |
| Nombre d’actions en circulation au début de la période | 28 513.8550 |
| Nombre d’actions émises | 610.0000 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 29 123.8550 |

UBS (Lux) Bond SICAV – Global Dynamic (USD) Rapport semestriel au 30 novembre 2020
| Catégorie | P-acc |
| --- | --- |
| Nombre d’actions en circulation au début de la période | 463 352.5420 |
| Nombre d’actions émises | 186 144.4070 |
| Nombre d’actions rachetées | -63 986.9950 |
| Nombre d’actions en circulation à la fin de la période | 585 509.9540 |
| Catégorie | (CHF hedged) P-acc |
| Nombre d’actions en circulation au début de la période | 172 184.7300 |
| Nombre d’actions émises | 6 890.0230 |
| Nombre d’actions rachetées | -33 868.9610 |
| Nombre d’actions en circulation à la fin de la période | 145 205.7920 |
| Catégorie | (EUR hedged) P-acc |
| Nombre d’actions en circulation au début de la période | 1 889 095.6090 |
| Nombre d’actions émises | 795 245.2450 |
| Nombre d’actions rachetées | -204 543.0130 |
| Nombre d’actions en circulation à la fin de la période | 2 479 797.8410 |
| Catégorie | P-dist |
| Nombre d’actions en circulation au début de la période | 53 032.5600 |
| Nombre d’actions émises | 6 738.7460 |
| Nombre d’actions rachetées | -16 983.5890 |
| Nombre d’actions en circulation à la fin de la période | 42 787.7170 |
| Catégorie | (CHF hedged) P-dist |
| Nombre d’actions en circulation au début de la période | 38 388.7570 |
| Nombre d’actions émises | 7 854.7390 |
| Nombre d’actions rachetées | -2 361.9860 |
| Nombre d’actions en circulation à la fin de la période | 43 881.5100 |
| Catégorie | (EUR hedged) P-dist |
| Nombre d’actions en circulation au début de la période | 120 348.3040 |
| Nombre d’actions émises | 8 584.6780 |
| Nombre d’actions rachetées | -14 078.3780 |
| Nombre d’actions en circulation à la fin de la période | 114 854.6040 |
| Catégorie | Q-4%-mdist |
| Nombre d’actions en circulation au début de la période | 108 504.5660 |
| Nombre d’actions émises | 993.7390 |
| Nombre d’actions rachetées | -7 973.2680 |
| Nombre d’actions en circulation à la fin de la période | 101 525.0370 |
| Catégorie | Q-acc |
| Nombre d’actions en circulation au début de la période | 765 938.7300 |
| Nombre d’actions émises | 146 519.5350 |
| Nombre d’actions rachetées | -92 462.5240 |
| Nombre d’actions en circulation à la fin de la période | 819 995.7410 |
| Catégorie | (CHF hedged) Q-acc |
| Nombre d’actions en circulation au début de la période | 463 749.4170 |
| Nombre d’actions émises | 25 301.1980 |
| Nombre d’actions rachetées | -43 030.5700 |
| Nombre d’actions en circulation à la fin de la période | 446 020.0450 |
| Catégorie | (EUR hedged) Q-acc |
| Nombre d’actions en circulation au début de la période | 1 775 888.0570 |
| Nombre d’actions émises | 220 130.4530 |
| Nombre d’actions rachetées | -967 559.3680 |
| Nombre d’actions en circulation à la fin de la période | 1 028 459.1420 |
| Catégorie | Q-dist |
| Nombre d’actions en circulation au début de la période | 240 782.2450 |
| Nombre d’actions émises | 63 072.5980 |
| Nombre d’actions rachetées | -70 410.7340 |
| Nombre d’actions en circulation à la fin de la période | 233 444.1090 |
| Catégorie | (CHF hedged) Q-dist |
| Nombre d’actions en circulation au début de la période | 177 472.1870 |
| Nombre d’actions émises | 5 733.3870 |
| Nombre d’actions rachetées | -42 253.9340 |
| Nombre d’actions en circulation à la fin de la période | 140 951.6400 |
| Catégorie | (EUR hedged) Q-dist |
| Nombre d’actions en circulation au début de la période | 87 628.7250 |
| Nombre d’actions émises | 3 619.6020 |
| Nombre d’actions rachetées | -29 139.8640 |
| Nombre d’actions en circulation à la fin de la période | 62 108.4630 |

| Distribution annuelle 1 |  |
| --- | --- |
| UBS (Lux) Bond SICAV |  |  |  |  |
| – Global Dynamic (USD) | Date de détachement | Date de versement | Devise | Montant par action |
| K-X-dist | 3.8.2020 | 6.8.2020 | USD | 2.35 |
| P-dist | 3.8.2020 | 6.8.2020 | USD | 1.73 |
| (CHF hedged) P-dist | 3.8.2020 | 6.8.2020 | CHF | 1.33 |
| (EUR hedged) P-dist | 3.8.2020 | 6.8.2020 | EUR | 1.50 |
| Q-dist | 3.8.2020 | 6.8.2020 | USD | 1.91 |
| (CHF hedged) Q-dist | 3.8.2020 | 6.8.2020 | CHF | 2.02 |
| (EUR hedged) Q-dist | 3.8.2020 | 6.8.2020 | EUR | 2.50 |

UBS (Lux) Bond SICAV – Global Dynamic (USD) Rapport semestriel au 30 novembre 2020
| Distribution mensuelle 1 |  |  |  |  |
| --- | --- | --- | --- | --- |
| UBS (Lux) Bond SICAV – Global Dynamic (USD) | Date de détachement | Date de versement | Devise | Montant par action |
| P-4%-mdist | 10.6.2020 | 15.6.2020 | USD | 0.33 |
| P-4%-mdist | 10.7.2020 | 15.7.2020 | USD | 0.33 |
| P-4%-mdist | 10.8.2020 | 13.8.2020 | USD | 0.33 |
| P-4%-mdist | 10.9.2020 | 15.9.2020 | USD | 0.33 |
| P-4%-mdist | 12.10.2020 | 15.10.2020 | USD | 0.33 |
| P-4%-mdist | 10.11.2020 | 13.11.2020 | USD | 0.33 |
| Q-4%-mdist | 10.6.2020 | 15.6.2020 | USD | 0.32 |
| Q-4%-mdist | 10.7.2020 | 15.7.2020 | USD | 0.32 |
| Q-4%-mdist | 10.8.2020 | 13.8.2020 | USD | 0.33 |
| Q-4%-mdist | 10.9.2020 | 15.9.2020 | USD | 0.33 |
| Q-4%-mdist | 12.10.2020 | 15.10.2020 | USD | 0.33 |
| Q-4%-mdist | 10.11.2020 | 13.11.2020 | USD | 0.33 |
| 1  Voir note 5 |  |  |  |  |

UBS (Lux) Bond SICAV – Global Dynamic (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 |  |  |  |
| BRL |  |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 10.00000% 16-01.01.27 | 10 250.00 | 2 137 966.88 | 0.18 |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 10.00000% 20-01.01.31 | 29 150.00 | 6 144 989.34 | 0.51 |
| Total BRL |  | 8 282 956.22 | 0.69 |
| CAD |  |  |  |
| CAD	QUEBEC, PROVINCE OF 2.30000% 19-01.09.29 | 2 500 000.00 | 2 100 586.47 | 0.17 |
| Total CAD |  | 2 100 586.47 | 0.17 |
| EUR |  |  |  |
| EUR	ALTICE FINCO SA-REG-S 4.75000% 17-15.01.28 | 1 000 000.00 | 1 139 337.44 | 0.10 |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 4.00000% 20-15.02.28 | 2 020 000.00 | 2 280 671.57 | 0.19 |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 2 240 000.00 | 2 857 004.08 | 0.24 |
| EUR	ARD FINANCE SA-REG-S (PIK) 5.00000% 19-30.06.27 | 3 000 000.00 | 3 644 928.82 | 0.30 |
| EUR	BACARDI LTD-REG-S 2.75000% 13-03.07.23 | 200 000.00 | 251 132.63 | 0.02 |
| EUR	CHINA, PEOPLE’S REPUBLIC OF-REG-S 1.00000% 19-12.11.39 | 1 610 000.00 | 1 927 085.67 | 0.16 |
| EUR	DKT FINANCE APS-REG-S 7.00000% 18-17.06.23 | 3 700 000.00 | 4 552 389.11 | 0.38 |
| EUR	EG GLOBAL FINANCE PLC-REG-S 6.25000% 19-30.10.25 | 500 000.00 | 612 304.87 | 0.05 |
| EUR	FIAT CHRYSLER AUTOMOBILES NV-REG-S 4.50000% 20-07.07.28 | 2 050 000.00 | 2 930 390.95 | 0.24 |
| EUR	FINANCIAL & RISK US HOLDINGS INC-REG-S 6.87500% 18-15.11.26 | 700 000.00 | 902 233.85 | 0.08 |
| EUR	FISERV INC 1.62500% 19-01.07.30 | 495 000.00 | 650 557.59 | 0.06 |
| EUR	FORD MOTOR CREDIT CO LLC 1.51400% 19-17.02.23 | 235 000.00 | 280 052.84 | 0.02 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 3.37500% 20-27.03.25 | 710 000.00 | 968 143.13 | 0.08 |
| EUR	INTERNATIONAL GAME TECHNOLOGY PLC-REG-S 2.37500% 19-15.04.28 | 520 000.00 | 599 613.72 | 0.05 |
| EUR	LA MONDIALE SAM-REG-S-SUB 2.12500% 20-23.06.31 | 800 000.00 | 994 943.66 | 0.08 |
| EUR	LOXAM SAS-REG-S 3.75000% 19-15.07.26 | 700 000.00 | 839 265.88 | 0.07 |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.12500% 20-11.02.28 | 1 300 000.00 | 1 574 336.53 | 0.13 |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.37500% 20-11.02.31 | 1 100 000.00 | 1 344 094.34 | 0.11 |
| EUR	NATIONAL GRID ELECTRICITY TRANS-REG-S 0.19000% 20-20.01.25 | 535 000.00 | 647 567.25 | 0.05 |
| EUR	SOFTBANK GROUP CORP-REG-S 5.00000% 18-15.04.28 | 1 200 000.00 | 1 567 414.35 | 0.13 |
| EUR	SOFTBANK GROUP CORP-REG-S 4.50000% 18-20.04.25 | 1 400 000.00 | 1 794 285.65 | 0.15 |
| EUR	TEVA PHARMACEUTICAL FINANCE II BV 4.50000% 18-01.03.25 | 1 500 000.00 | 1 850 932.59 | 0.16 |
| EUR	UKRAINE, GOVERNMENT OF-REG-S 4.37500% 20-27.01.30 | 2 600 000.00 | 2 907 962.20 | 0.24 |
| EUR	UNILABS SUBHOLDING AB-REG-S 5.75000% 17-15.05.25 | 1 750 000.00 | 2 147 777.10 | 0.18 |
| Total EUR |  | 39 264 425.82 | 3.27 |
| GBP |  |  |  |
| GBP	TRAVIS PERKINS PLC-REG-S 3.75000% 20-17.02.26 | 300 000.00 | 412 553.04 | 0.03 |
| GBP	VIRGIN MEDIA SECURED FINANCE PLC-REG-S 5.25000% 19-15.05.29 | 1 000 000.00 | 1 438 516.38 | 0.12 |
| Total GBP |  | 1 851 069.42 | 0.15 |
| USD |  |  |  |
| USD	3M CO 2.65000% 20-15.04.25 | 355 000.00 | 384 714.67 | 0.03 |
| USD	ABBOTT LABORATORIES 4.90000% 16-30.11.46 | 120 000.00 | 179 320.50 | 0.02 |
| USD	ABBVIE INC 4.25000% 18-14.11.28 | 300 000.00 | 362 279.40 | 0.03 |
| USD	ABBVIE INC 4.87500% 18-14.11.48 | 180 000.00 | 245 142.70 | 0.02 |
| USD	ADOBE INC 2.15000% 20-01.02.27 | 380 000.00 | 408 276.44 | 0.03 |
| USD	AECOM TECHNOLOGY CORP 5.87500% 15-15.10.24 | 450 000.00 | 499 500.00 | 0.04 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.50000% 20-15.09.23 | 240 000.00 | 256 982.92 | 0.02 |
| USD	AERCAP IRELAND CAP/ GLBL AVIATION TRUST 6.50000% 20-15.07.25 | 310 000.00 | 358 377.21 | 0.03 |
| USD	AIR PRODUCTS & CHEMICALS INC 2.05000% 20-15.05.30 | 345 000.00 | 367 628.79 | 0.03 |
| USD	ALIBABA GROUP HOLDING LTD 3.40000% 17-06.12.27 | 400 000.00 | 447 952.00 | 0.04 |
| USD	ALTRIA GROUP INC 4.40000% 19-14.02.26 | 105 000.00 | 121 622.84 | 0.01 |
| USD	ALTRIA GROUP INC 4.80000% 19-14.02.29 | 300 000.00 | 359 367.93 | 0.03 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 750 000.00 | 798 115.50 | 0.07 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.15000% 19-23.01.25 | 80 000.00 | 90 877.74 | 0.01 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.75000% 19-23.01.29 | 125 000.00 | 153 580.29 | 0.01 |
| USD	ANTHEM INC 3.65000% 17-01.12.27 | 150 000.00 | 172 173.95 | 0.01 |
| USD	APPLE INC 1.80000% 19-11.09.24 | 165 000.00 | 172 631.15 | 0.01 |
| USD	APT PIPELINES LTD-REG-S 4.20000% 15-23.03.25 | 1 000 000.00 | 1 102 040.00 | 0.09 |
| USD	ARCHER-DANIELS MIDLAND CO 2.75000% 20-27.03.25 | 250 000.00 | 270 596.30 | 0.02 |
| USD	ARGENTINA, REPUBLIC OF STEP-UP 20-09.07.35 | 970 000.00 | 339 984.99 | 0.03 |
| USD	ARGENTINA, REPUBLIC OF STEP-UP 20-09.01.38 | 210 305.00 | 83 070.47 | 0.01 |
| USD	ARGENTINA, REPUBLIC OF 1.00000% 20-09.07.29 | 55 703.00 | 23 757.33 | 0.00 |
| USD	AT&T INC 4.35000% 19-01.03.29 | 800 000.00 | 955 864.41 | 0.08 |
| USD	AT&T INC 4.75000% 15-15.05.46 | 200 000.00 | 248 010.90 | 0.02 |
| USD	BIOGEN INC 2.25000% 20-01.05.30 | 1 040 000.00 | 1 077 899.78 | 0.09 |
| USD	BRISTOL MYERS SQUIBB CO 4.25000% 20-26.10.49 | 1 040 000.00 | 1 408 732.52 | 0.12 |
| USD	BRISTOL-MYERS SQUIBB CO 2.60000% 20-16.05.22 | 235 000.00 | 242 932.00 | 0.02 |
| USD	CANADIAN NATURAL RESOURCES LTD 3.85000% 17-01.06.27 | 400 000.00 | 442 031.36 | 0.04 |
| USD	CHILE, REPUBLIC OF 3.12500% 14-27.03.25 | 4 000 000.00 | 4 378 000.00 | 0.36 |
| USD	CHILE, REPUBLIC OF 3.86000% 17-21.06.47 | 600 000.00 | 719 437.50 | 0.06 |
| USD	CIGNA CORP 2.40000% 20-15.03.30 | 715 000.00 | 760 920.30 | 0.06 |
| USD	CIGNA CORP 3.40000% 19-17.09.21 | 90 000.00 | 92 169.52 | 0.01 |
| USD	CIGNA CORP 4.37500% 19-15.10.28 | 170 000.00 | 204 631.79 | 0.02 |
| USD	CIGNA CORP 4.90000% 19-15.12.48 | 50 000.00 | 68 903.13 | 0.01 |
| USD	CITIGROUP INC 4.65000% 18-23.07.48 | 100 000.00 | 139 001.27 | 0.01 |
| USD	CNOOC PETROLEUM NORTH AMERICA ULC 6.40000% 07-15.05.37 | 575 000.00 | 829 470.74 | 0.07 |
| USD	CNPC GENERAL CAPITAL LTD-REG-S 3.40000% 13-16.04.23 | 700 000.00 | 735 656.25 | 0.06 |
| USD	COCA-COLA FEMSA SA 2.75000% 20-22.01.30 | 565 000.00 | 611 435.94 | 0.05 |
| USD	COLOMBIA, REPUBLIC OF 5.20000% 19-15.05.49 | 1 000 000.00 | 1 250 000.00 | 0.10 |
| USD	COMCAST CORP 3.95000% 18-15.10.25 | 95 000.00 | 108 923.55 | 0.01 |
| USD	COMCAST CORP 4.15000% 18-15.10.28 | 700 000.00 | 842 473.24 | 0.07 |
| USD	COMCAST CORP 4.70000% 18-15.10.48 | 100 000.00 | 141 894.76 | 0.01 |
| USD	CONAGRA BRANDS INC 5.40000% 18-01.11.48 | 185 000.00 | 266 895.50 | 0.02 |
| USD	COSTA RICA, REPUBLIC OF-REG-S 4.25000% 12-26.01.23 | 2 000 000.00 | 1 884 375.00 | 0.16 |
| USD	COSTA RICA, REPUBLIC OF-REG-S 7.15800% 15-12.03.45 | 1 000 000.00 | 869 687.50 | 0.07 |
| USD	CREDIT SUISSE GROUP AG-144A 4.28200% 17-09.01.28 | 250 000.00 | 288 535.35 | 0.02 |

UBS (Lux) Bond SICAV – Global Dynamic (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 | CVS HEALTH CORP 2.62500% 19-15.08.24 | 560 000.00 | 599 364.92 | 0.05 |
| USD | CVS HEALTH CORP 4.30000% 18-25.03.28 | 175 000.00 | 205 628.57 | 0.02 |
| USD | DEUTSCHE BANK AG/NEW YORK NY 3.15000% 18-22.01.21 | 150 000.00 | 150 494.22 | 0.01 |
| USD | DIAMONDBACK ENERGY INC 3.25000% 19-01.12.26 | 255 000.00 | 269 935.15 | 0.02 |
| USD | DISCOVERY COMMUNICATIONS LLC 5.30000% 19-15.05.49 | 500 000.00 | 646 185.85 | 0.05 |
| USD | DXC TECHNOLOGY CO 4.12500% 20-15.04.25 | 285 000.00 | 311 889.10 | 0.03 |
| USD | ECUADOR GOVT INTERNATIONAL BD-REG-S STEP-UP/DOWN 20-31.07.35 | 802 386.00 | 437 300.37 | 0.04 |
| USD | ECUADOR, REPUBLIC OF-REG-S STEP-UP 0.50000% 20-31.07.30 | 306 180.00 | 194 041.57 | 0.02 |
| USD | ECUADOR, REPUBLIC OF-REG-S STEP-UP 20-31.07.40 | 367 740.00 | 181 111.95 | 0.02 |
| USD | ENABLE MIDSTREAM PARTNERS LP 3.90000% 15-15.05.24 | 400 000.00 | 402 187.96 | 0.03 |
| USD | ENERGY TRANSFER OPERATING LP 4.50000% 19-15.04.24 | 340 000.00 | 366 522.38 | 0.03 |
| USD | ENERGY TRANSFER PARTNERS LP 6.00000% 18-15.06.48 | 700 000.00 | 793 940.07 | 0.07 |
| USD | FIRSTENERGY CORP 2.25000% 20-01.09.30 | 585 000.00 | 558 988.47 | 0.05 |
| USD | FISERV INC 3.20000% 19-01.07.26 | 620 000.00 | 695 274.88 | 0.06 |
| USD | FOMENTO ECONOMICO MEXIC SAB DE CV 3.50000% 20-16.01.50 | 760 000.00 | 834 898.00 | 0.07 |
| USD | FORD MOTOR CO 8.50000% 20-21.04.23 | 235 000.00 | 263 423.25 | 0.02 |
| USD | FORD MOTOR CO 9.00000% 20-22.04.25 | 265 000.00 | 322 035.95 | 0.03 |
| USD | GE CAPITAL INTL FUNDING CO 4.41800% 16-15.11.35 | 400 000.00 | 461 126.52 | 0.04 |
| USD | GENERAL ELECTRIC CO 3.15000% 12-07.09.22 | 260 000.00 | 271 761.07 | 0.02 |
| USD | GENERAL MOTORS CO 6.12500% 20-01.10.25 | 705 000.00 | 849 923.39 | 0.07 |
| USD | GENERAL MOTORS FINANCIAL CO 4.35000% 18-09.04.25 | 300 000.00 | 334 560.45 | 0.03 |
| USD | GEORGIA POWER CO 2.10000% 20-30.07.23 | 480 000.00 | 501 301.54 | 0.04 |
| USD | GHANA GOVT INTNL BOND-REG-S 6.37500% 20-11.02.27 | 3 700 000.00 | 3 715 031.25 | 0.31 |
| USD | GILEAD SCIENCES INC 4.75000% 15-01.03.46 | 700 000.00 | 923 548.85 | 0.08 |
| USD | GOLDMAN SACHS GROUP INC 3.50000% 20-01.04.25 | 1 100 000.00 | 1 217 514.65 | 0.10 |
| USD | GUATEMALA, REPUBLIC OF-REG-S 5.75000% 12-06.06.22 | 500 000.00 | 525 625.00 | 0.04 |
| USD | GUATEMALA, REPUBLIC OF-REG-S 4.37500% 17-05.06.27 | 2 500 000.00 | 2 739 843.75 | 0.23 |
| USD | HARTFORD FINANCIAL SERVICES GROUP INC 4.40000% 18-15.03.48 | 155 000.00 | 203 867.97 | 0.02 |
| USD | HSBC HOLDINGS PLC 4.95000% 20-31.03.30 | 310 000.00 | 386 237.18 | 0.03 |
| USD | INDONESIA, REPUBLIC OF-REG-S 5.25000% 12-17.01.42 | 2 000 000.00 | 2 618 750.00 | 0.22 |
| USD | INTERNATIONAL BUSINESS MACHINES CORP 2.85000% 19-13.05.22 | 1 310 000.00 | 1 359 020.99 | 0.11 |
| USD | INTERNATIONAL BUSINESS MACHINES CORP 3.30000% 19-15.05.26 | 750 000.00 | 846 315.15 | 0.07 |
| USD | JPMORGAN CHASE & CO 3.20000% 13-25.01.23 | 500 000.00 | 529 916.90 | 0.04 |
| USD | KENYA, REPUBLIC OF-REG-S 8.25000% 18-28.02.48 | 1 550 000.00 | 1 732 609.38 | 0.14 |
| USD | KINDER MORGAN INC 3.15000% 17-15.01.23 | 290 000.00 | 304 497.62 | 0.03 |
| USD | MARATHON OIL CORP 3.85000% 15-01.06.25 | 270 000.00 | 284 129.01 | 0.02 |
| USD | MEXICHEM SAB DE CV-REG-S 4.00000% 17-04.10.27 | 200 000.00 | 218 125.00 | 0.02 |
| USD | MEXICHEM SAB DE CV-REG-S 5.50000% 17-15.01.48 | 200 000.00 | 234 444.00 | 0.02 |
| USD | MPLX LP 5.20000% 17-01.03.47 | 250 000.00 | 297 344.20 | 0.02 |
| USD | NATWEST GROUP PLC 3.87500% 16-12.09.23 | 200 000.00 | 216 721.62 | 0.02 |
| USD | NATWEST GROUP PLC-SUB 6.10000% 13-10.06.23 | 400 000.00 | 446 733.72 | 0.04 |
| USD | NEPTUNE ENERGY BONDCO PLC-REG-S 6.62500% 18-15.05.25 | 1 250 000.00 | 1 187 500.00 | 0.10 |
| USD | NIGERIA, FEDERAL REPUBLIC OF-REG-S 6.75000% 11-28.01.21 | 550 000.00 | 552 062.50 | 0.05 |
| USD | NIGERIA, FEDERAL REPUBLIC OF-REG-S 9.24800% 18-21.01.49 | 1 500 000.00 | 1 702 500.00 | 0.14 |
| USD | NIKE INC 2.40000% 20-27.03.25 | 165 000.00 | 177 308.55 | 0.01 |
| USD | NISSAN MOTOR CO LTD-REG-S 4.34500% 20-17.09.27 | 1 235 000.00 | 1 321 277.10 | 0.11 |
| USD | NOBLE ENERGY INC 3.85000% 17-15.01.28 | 250 000.00 | 289 551.50 | 0.02 |
| USD | NOMURA HOLDINGS INC 2.67900% 20-16.07.30 | 255 000.00 | 267 385.35 | 0.02 |
| USD | OCP SA-REG-S 5.62500% 14-25.04.24 | 300 000.00 | 328 218.75 | 0.03 |
| USD | OMAN GOVT INTERNATIONAL BOND-REG-S 6.75000% 18-17.01.48 | 2 040 000.00 | 1 883 812.50 | 0.16 |
| USD | PAYPAL HOLDINGS INC 2.65000% 19-01.10.26 | 295 000.00 | 322 306.06 | 0.03 |
| USD | PERRIGO FINANCE UNLIMITED CO 3.15000% 20-15.06.30 | 200 000.00 | 211 913.84 | 0.02 |
| USD | PERTAMINA PT-REG-S 4.875000% 12-03.05.22 | 700 000.00 | 737 187.50 | 0.06 |
| USD | PETROBRAS GLOBAL FINANCE BV1 5.09300% 20-15.01.30 | 761 000.00 | 836 072.65 | 0.07 |
| USD | PETROLEOS MEXICANOS 6.37500% 14-23.01.45 | 200 000.00 | 167 375.00 | 0.01 |
| USD | PETROLEOS MEXICANOS 6.84000% 20-23.01.30 | 530 000.00 | 517 306.50 | 0.04 |
| USD | PHILIP MORRIS INTERNATIONAL INC 1.50000% 20-01.05.25 | 490 000.00 | 506 191.71 | 0.04 |
| USD | PHILIPPINES, REPUBLIC OF THE 2.45700% 20-05.05.30 | 2 435 000.00 | 2 629 800.00 | 0.22 |
| USD | PHILLIPS 66 PARTNERS LP 4.68000% 15-15.02.45 | 500 000.00 | 526 858.90 | 0.04 |
| USD | PLAINS ALL AMERICAN PIPELINE LP 3.80000% 20-15.09.30 | 495 000.00 | 515 714.81 | 0.04 |
| USD | REYNOLDS AMERICAN INC 5.70000% 15-15.08.35 | 400 000.00 | 507 046.04 | 0.04 |
| USD | ROPER TECHNOLOGIES INC 2.00000% 20-30.06.30 | 930 000.00 | 955 997.32 | 0.08 |
| USD | ROPER TECHNOLOGIES INC 1.00000% 20-15.09.25 | 680 000.00 | 684 150.31 | 0.06 |
| USD | SANDS CHINA LTD-REG-S 4.37500% 20-18.06.30 | 415 000.00 | 449 528.00 | 0.04 |
| USD | SAUDI ARABIAN OIL CO-REG-S 1.62500% 20-24.11.25 | 420 000.00 | 427 564.20 | 0.04 |
| USD | SHIMAO PROPERTY HOLDINGS LTD-REG-S 4.60000% 20-13.07.30 | 200 000.00 | 214 000.00 | 0.02 |
| USD | SINOPEC CAPITAL 2013 LTD-REG-S 3.12500% 13-24.04.23 | 700 000.00 | 731 062.50 | 0.06 |
| USD | SOUTH AFRICA, REPUBLIC OF 4.87500% 16-14.04.26 | 500 000.00 | 530 312.50 | 0.04 |
| USD | SOUTHWEST AIRLINES CO 4.75000% 20-04.05.23 | 345 000.00 | 374 170.65 | 0.03 |
| USD | SOUTHWEST AIRLINES CO 5.12500% 20-15.06.27 | 490 000.00 | 570 229.27 | 0.05 |
| USD | SPRINT CORP 7.87500% 14-15.09.23 | 1 000 000.00 | 1 153 345.70 | 0.10 |
| USD | SRI LANKA, DEMOCRATIC REP OF-REG-S 6.20000% 17-11.05.27 | 1 500 000.00 | 883 593.75 | 0.07 |
| USD | SUMITOMO MITSUI FIN GP INC-SUB 3.20200% 19-17.09.29 | 320 000.00 | 347 385.60 | 0.03 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 7.00000% 20-09.07.25 | 875 000.00 | 875 000.00 | 0.07 |
| USD | SUNCOR ENERGY INC 3.10000% 20-15.05.25 | 330 000.00 | 359 159.30 | 0.03 |
| USD | SUNCORP-METWAY LTD-REG-S 2.80000% 17-04.05.22 | 150 000.00 | 154 843.50 | 0.01 |
| USD | SYNGENTA FINANCE NV-144A 3.93300% 18-23.04.21 | 200 000.00 | 202 035.42 | 0.02 |
| USD | TELEFONICA EMISIONES SA 5.52000% 19-01.03.49 | 440 000.00 | 587 492.45 | 0.05 |
| USD | TRUIST FINANCIAL CORP 2.70000% 16-27.01.22 | 350 000.00 | 359 025.42 | 0.03 |
| USD | TURKEY, REPUBLIC OF 6.87500% 06-17.03.36 | 680 000.00 | 705 075.00 | 0.06 |
| USD | UKRAINE, GOVERNMENT OF-REG-S 7.37500% 17-25.09.32 | 1 650 000.00 | 1 770 140.63 | 0.15 |
| USD | UNITED RENTALS NORTH AMERICA INC 3.87500% 19-15.11.27 | 1 000 000.00 | 1 047 930.00 | 0.09 |
| USD | UNITED TECHNOLOGIES CORP 3.95000% 18-16.08.25 | 500 000.00 | 571 513.35 | 0.05 |
| USD | URUGUAY, REPUBLIC OF 4.12500% 12-20.11.45 | 1 660 000.00 | 2 007 043.75 | 0.17 |
| USD | VALE OVERSEAS LTD 3.75000% 20-08.07.30 | 405 000.00 | 444 568.50 | 0.04 |
| USD | VALERO ENERGY CORP 4.90000% 15-15.03.45 | 200 000.00 | 233 315.28 | 0.02 |
| USD | VEB FINANCE PLC-REG-S LPN 5.94200% 13-21.11.23 | 500 000.00 | 556 875.00 | 0.05 |
| USD | VERIZON COMMUNICATIONS INC 3.37600% 18-15.02.25 | 700 000.00 | 777 510.02 | 0.06 |
| USD | WALT DISNEY CO 1.75000% 19-30.08.24 | 990 000.00 | 1 025 796.32 | 0.09 |
| USD | WELLS FARGO & CO 3.06900% 17-24.01.23 | 150 000.00 | 154 317.81 | 0.01 |
| USD | WESTPAC BANKING CORP-SUB 4.42100% 19-24.07.39 | 325 000.00 | 416 263.25 | 0.03 |
| USD | YPF SA-REG-S 6.95000% 17-21.07.27 | 400 000.00 | 262 375.00 | 0.02 |
| USD | YPF SA-REG-S 7.00000% 17-15.12.47 | 230 000.00 | 144 684.37 | 0.01 |
| Total USD |  |  | 89 381 740.73 | 7.44 |

Total des Billets, taux fixe	140 880 778.66	11.72
UBS (Lux) Bond SICAV – Global Dynamic (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, coupon zéro
| USD |  |
| --- | --- |
| USD | ECUADOR, REPUBLIC OF-REG-S 0.00000% 20-31.07.30 | 105 089.00 | 46 501.88 | 0.01 |
| Total USD |  |  | 46 501.88 | 0.01 |
| Total des Billets, coupon zéro |  | 46 501.88 | 0.01 |
| Billets, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	ENI SPA-REG-S-SUB 3.375%/VAR 20-PRP | 375 000.00 | 476 738.79 | 0.04 |
| EUR	ING GROUP NV-SUB VAR 03-PRP | 300 000.00 | 334 721.64 | 0.03 |
| EUR	ITALY, REPUBLIC OF-144A-REG-S 2.350%/CPI LINKED 14-15.09.24 | 3 500 000.00 | 4 906 990.63 | 0.41 |
| Total EUR |  | 5 718 451.06 | 0.48 |
| GBP |  |  |  |
| GBP	NATWEST GROUP PLC-REG-S-SUB 3.622%/VAR 20-14.08.30 | 575 000.00 | 819 900.26 | 0.06 |
| Total GBP |  | 819 900.26 | 0.06 |
| USD |  |  |  |
| USD	AEGON NV-SUB VAR/10YR CMS+10BP 04-31.12.PRP | 500 000.00 | 410 500.00 | 0.03 |
| USD	ALLIANZ SE-REG-S-SUB 3.500%/VAR 20-PRP | 800 000.00 | 808 400.00 | 0.07 |
| USD	CORP FINANCIERA DE DESARROL-REG-S-SUB 5.250%/VAR 14-15.07.29 | 500 000.00 | 538 906.25 | 0.05 |
| USD	CREDIT SUISSE GROUP AG-REG-S-SUB 6.250%/VAR 14-PRP | 480 000.00 | 526 176.00 | 0.04 |
| USD	DEUTSCHE BANK AG/NEW YORK NY 2.222%/VAR 20-18.09.24 | 355 000.00 | 362 310.55 | 0.03 |
| USD	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.625%/VAR 14-PRP | 450 000.00 | 488 862.00 | 0.04 |
| USD	JPMORGAN CHASE & CO 2.739%/VAR 19-15.10.30 | 540 000.00 | 585 540.57 | 0.05 |
| USD	JPMORGAN CHASE & CO-SUB 2.956%/VAR 20-13.05.31 | 985 000.00 | 1 075 342.13 | 0.09 |
| USD	LLOYDS BANKING GROUP PLC 3.574%/3M LIBOR+120.5BP 17-07.11.28 | 200 000.00 | 224 430.74 | 0.02 |
| USD	PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 4.750%/VAR 20-04.09.31 | 275 000.00 | 290 522.65 | 0.02 |
| USD	SOCIETE GENERAL SA-REG-S-SUB 7.375%/VAR 18-PRP | 2 000 000.00 | 2 147 600.00 | 0.18 |
| USD	STANDARD CHARTERED PLC-REG-S 3.885%/VAR 18-15.03.24 | 400 000.00 | 425 402.68 | 0.04 |
| USD	WESTPAC BANKING CORP-SUB 4.110%/VAR 19-24.07.34 | 450 000.00 | 508 698.00 | 0.04 |
| Total USD |  | 8 392 691.57 | 0.70 |
| Total des Billets, taux variable |  | 14 931 042.89 | 1.24 |
| Medium-Term Notes, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	A.P. MOELLER-MAERSK-REG-S 1.75000% 18-16.03.26 | 100 000.00 | 127 727.12 | 0.01 |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 2.37500% 19-27.09.27 | 200 000.00 | 264 467.86 | 0.02 |
| EUR	AROUNDTOWN SA-REG-S 2.00000% 18-02.11.26 | 100 000.00 | 129 691.77 | 0.01 |
| EUR	BANK OF IRELAND GROUP PLC-REG-S 1.37500% 18-29.08.23 | 300 000.00 | 370 483.02 | 0.03 |
| EUR	BNP PARIBAS-REG-S 1.25000% 18-19.03.25 | 200 000.00 | 251 350.33 | 0.02 |
| EUR	BNP PARIBAS-REG-S 1.00000% 18-17.04.24 | 400 000.00 | 495 480.40 | 0.04 |
| EUR	BPCE SA-REG-S 1.37500% 18-23.03.26 | 100 000.00 | 127 185.96 | 0.01 |
| EUR	CAIXABANK SA-REG-S 0.37500% 20-03.02.25 | 700 000.00 | 846 393.32 | 0.07 |
| EUR	CANAL DE ISABEL II GESTION SA-REG-S 1.68000% 15-26.02.25 | 200 000.00 | 253 959.36 | 0.02 |
| EUR	CASINO GUICHARD PERRACHON SA-REG-S 1.86500% 17-13.06.22 | 1 800 000.00 | 2 142 394.20 | 0.18 |
| EUR	CNH INDUSTRIAL FINANCE EUROPE SA-REG-S 1.87500% 18-19.01.26 | 235 000.00 | 299 985.59 | 0.03 |
| EUR	COMMERZBANK AG-REG-S 0.62500% 19-28.08.24 | 255 000.00 | 313 051.23 | 0.03 |
| EUR	COVESTRO AG-REG-S 1.37500% 20-12.06.30 | 820 000.00 | 1 051 805.84 | 0.09 |
| EUR	CPI PROPERTY GROUP SA-REG-S 2.75000% 20-12.05.26 | 930 000.00 | 1 181 616.89 | 0.10 |
| EUR	CREDIT AGRICOLE SA LONDON-REG-S 1.37500% 18-13.03.25 | 200 000.00 | 252 841.28 | 0.02 |
| EUR	DAIMLER AG-REG-S 2.00000% 20-22.08.26 | 690 000.00 | 912 868.07 | 0.08 |
| EUR	DANSKE BANK AS-REG-S 1.37500% 19-24.05.22 | 255 000.00 | 311 884.43 | 0.03 |
| EUR	DANSKE BANK AS-REG-S-SUB 1.50000% 20-02.09.30 | 285 000.00 | 347 275.10 | 0.03 |
| EUR	DEUTSCHE BANK AG-REG-S 1.12500% 18-30.08.23 | 340 000.00 | 420 658.08 | 0.04 |
| EUR	DEUTSCHE BANK AG-REG-S 1.62500% 19-12.02.21 | 200 000.00 | 240 053.41 | 0.02 |
| EUR	DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 1 200 000.00 | 1 447 391.47 | 0.12 |
| EUR	EDP FINANCE BV-REG-S 2.00000% 15-22.04.25 | 400 000.00 | 520 155.61 | 0.04 |
| EUR	ELECTRICITE DE FRANCE-REG-S 2.00000% 19-09.12.49 | 300 000.00 | 411 672.35 | 0.03 |
| EUR	ELENIA FINANCE OYJ-REG-S 0.37500% 20-06.02.27 | 445 000.00 | 537 121.07 | 0.04 |
| EUR	ELIA TRANSMISSION BELGIUM SA-REG-S 0.87500% 20-28.04.30 | 300 000.00 | 378 536.29 | 0.03 |
| EUR	FORD MOTOR CREDIT CO LLC 3.02100% 19-06.03.24 | 110 000.00 | 135 675.52 | 0.01 |
| EUR	GLOBALWORTH REAL ESTATE INVEST-REG-S 3.00000% 18-29.03.25 | 200 000.00 | 248 435.79 | 0.02 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 2.00000% 18-01.11.28 | 270 000.00 | 364 075.02 | 0.03 |
| EUR	HEIDELBERGCEMENT FIN LUX SA-REG-S 1.12500% 19-01.12.27 | 140 000.00 | 177 574.36 | 0.01 |
| EUR	HEINEKEN NV-REG-S 2.25000% 20-30.03.30 | 280 000.00 | 395 562.77 | 0.03 |
| EUR	INFRASTRUTTURE WIRELESS ITALI SPA-REG-S 1.87500% 20-08.07.26 | 565 000.00 | 708 150.66 | 0.06 |
| EUR	KBC GROUP NV-REG-S 1.12500% 19-25.01.24 | 200 000.00 | 248 147.86 | 0.02 |
| EUR	KION GROUP AG-REG-S 1.62500% 20-24.09.25 | 400 000.00 | 493 612.40 | 0.04 |
| EUR	NASSA TOPCO AS-REG-S 2.87500% 17-06.04.24 | 1 400 000.00 | 1 759 971.46 | 0.15 |
| EUR	NEW YORK LIFE GLOBAL FUNDING-REG-S 0.25000% 20-23.01.27 | 1 265 000.00 | 1 540 884.43 | 0.13 |
| EUR	ORANO SA-REG-S 3.37500% 19-23.04.26 | 1 000 000.00 | 1 283 044.12 | 0.11 |
| EUR	REDEXIS GAS FINANCE BV-REG-S 1.87500% 15-27.04.27 | 400 000.00 | 519 916.36 | 0.04 |
| EUR	REN FINANCE B V-REG-S 2.50000% 15-12.02.25 | 600 000.00 | 796 189.76 | 0.07 |
| EUR	ROMANIA-REG-S 4.62500% 19-03.04.49 | 4 000 000.00 | 6 259 116.50 | 0.52 |
| EUR	SANOFI-REG-S 1.37500% 18-21.03.30 | 100 000.00 | 135 935.93 | 0.01 |
| EUR	VODAFONE GROUP PLC-REG-S 2.50000% 19-24.05.39 | 230 000.00 | 331 755.73 | 0.03 |
| EUR	VOLKSWAGEN FINANCIAL SERVICES AG-REG-S 1.50000% 19-01.10.24 | 230 000.00 | 288 488.87 | 0.02 |
| Total EUR |  | 29 322 587.59 | 2.44 |
| GBP |  |  |  |
| GBP	CHINA DEVELOPMENT BANK-REG-S 1.25000% 20-21.01.23 | 880 000.00 | 1 184 430.73 | 0.10 |
| GBP	CPI PROPERTY GROUP SA-REG-S 2.75000% 20-22.01.28 | 160 000.00 | 213 875.01 | 0.02 |
| GBP	LLOYDS BANKING GROUP PLC 2.25000% 17-16.10.24 | 100 000.00 | 139 819.79 | 0.01 |
| Total GBP |  | 1 538 125.53 | 0.13 |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 3.87500% 15-01.08.25 | 1 000 000.00 | 1 136 634.90 | 0.09 |
| USD	EGYPT, REPUBLIC OF-REG-S 8.70020% 19-01.03.49 | 2 000 000.00 | 2 193 125.00 | 0.18 |
| USD	EXPORT IMPORT BANK OF THAILAND-REG-S 1.45700% 20-15.10.25 | 3 035 000.00 | 3 046 583.69 | 0.25 |
| USD	INDIAN OIL CORP LTD-REG-S 5.75000% 13-01.08.23 | 500 000.00 | 549 531.25 | 0.04 |

UBS (Lux) Bond SICAV – Global Dynamic (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 | KAZAKHSTAN, REPUBLIC OF-REG-S 5.12500% 15-21.07.25 | 2 000 000.00 | 2 353 000.00 | 0.20 |
| USD | MIRVAC GROUP FINANCE LTD-REG-S 3.62500% 17-18.03.27 | 200 000.00 | 214 098.00 | 0.02 |
| USD | MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 2 190 000.00 | 2 529 450.00 | 0.21 |
| USD | MORGAN STANLEY-SUB 4.35000% 14-08.09.26 | 1 000 000.00 | 1 174 005.10 | 0.10 |
| USD | PERTAMINA PERSERO PT-REG-S 4.70000% 19-30.07.49 | 390 000.00 | 443 381.25 | 0.04 |
| USD | PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 5.37500% 17-06.07.27 | 600 000.00 | 664 824.00 | 0.05 |
| USD | ROMANIA-REG-S 6.12500% 14-22.01.44 | 700 000.00 | 987 437.50 | 0.08 |
| USD | SAUDI ARABIAN OIL CO-REG-S 2.87500% 19-16.04.24 | 1 000 000.00 | 1 056 250.00 | 0.09 |
| USD | SAUDI ARABIAN OIL CO-REG-S 3.50000% 19-16.04.29 | 935 000.00 | 1 034 343.75 | 0.09 |
| USD | SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 4.00000% 18-17.04.25 | 4 000 000.00 | 4 462 500.00 | 0.37 |
| Total USD |  |  | 21 845 164.44 | 1.81 |
| Total des Medium-Term Notes, taux fixe |  | 52 705 877.56 | 4.38 |
| Medium-Term Notes, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	ALLIED IRISH BANKS PLC-REG-S-SUB 7.375%/VAR 15-PRP | 3 400 000.00 | 4 067 080.00 | 0.34 |
| EUR	AXA SA-REG-S-SUB 3.250%/VAR 18-28.05.49 | 120 000.00 | 165 651.21 | 0.02 |
| EUR	BARCLAYS PLC-REG-S 3.375%/VAR 20-02.04.25 | 540 000.00 | 711 091.85 | 0.06 |
| EUR	CREDIT AGRICOLE SA-REG-S 1.000%/VAR 20-22.04.26 | 500 000.00 | 620 977.33 | 0.05 |
| EUR	CREDIT SUISSE GROUP AG-REG-S 3.250%/VAR 20-02.04.26 | 185 000.00 | 250 209.45 | 0.02 |
| EUR	DEUTSCHE BANK AG-REG-S 1.000%/VAR 20-19.11.25 | 700 000.00 | 845 311.48 | 0.07 |
| EUR	DEUTSCHE BANK AG-REG-S 1.750%/VAR 20-19.11.30 | 600 000.00 | 741 083.22 | 0.06 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 100 000.00 | 125 900.05 | 0.01 |
| EUR	LLOYDS BANKING GROUP PLC-REG-S 3.500%/VAR 20-01.04.26 | 380 000.00 | 517 030.17 | 0.04 |
| EUR	NATWEST GROUP PLC-REG-S 2.000%/VAR 18-04.03.25 | 600 000.00 | 757 181.68 | 0.06 |
| EUR	NORDEA BANK ABP-REG-S-SUB 1.000%/VAR 19-27.06.29 | 700 000.00 | 848 811.56 | 0.07 |
| EUR	TOTAL SE-REG-S-SUB 2.625%/VAR 15-PRP | 260 000.00 | 327 697.18 | 0.03 |
| EUR	UBS AG-REG-S-SUB 4.750%/VAR 14-12.02.26 | 200 000.00 | 240 991.72 | 0.02 |
| Total EUR |  | 10 219 016.90 | 0.85 |
| GBP |  |  |  |
| GBP	ELECTRICITE DE FRANCE SA-REG-S-SUB 6.000%/VAR 13-PRP | 100 000.00 | 152 313.19 | 0.01 |
| Total GBP |  | 152 313.19 | 0.01 |
| USD |  |  |  |
| USD	DBS GROUP HOLDINGS LTD-REG-S-SUB 3.300%/VAR 20-PRP | 1 350 000.00 | 1 366 875.00 | 0.11 |
| USD	HSBC BANK PLC-SUB 6M LIBOR+25BP 85-PRP | 1 000 000.00 | 889 760.00 | 0.08 |
| USD	MORGAN STANLEY 3.622%/VAR 20-01.04.31 | 500 000.00 | 582 593.75 | 0.05 |
| Total USD |  | 2 839 228.75 | 0.24 |
| Total des Medium-Term Notes, taux variable |  | 13 210 558.84 | 1.10 |
| Obligations, taux fixe |  |  |  |
| CNY |  |  |  |
| CNY	CHINA DEVELOPMENT BANK CORP 3.80000% 16-25.01.36 | 240 000 000.00 | 35 763 769.06 | 2.98 |
| Total CNY |  | 35 763 769.06 | 2.98 |
| EUR |  |  |  |
| EUR	ABBOTT IRELAND FINCING DAC-REG-S 0.87500% 18-27.09.23 | 165 000.00 | 203 548.40 | 0.02 |
| EUR	ADLER REAL ESTATE AG-REG-S 3.00000% 18-27.04.26 | 600 000.00 | 741 462.18 | 0.06 |
| EUR	ADO PROPERTIES SA-REG-S 1.50000% 17-26.07.24 | 500 000.00 | 583 859.24 | 0.05 |
| EUR	ALSTRIA OFFICE REIT-AG-REG-S 1.50000% 20-23.06.26 | 600 000.00 | 747 832.66 | 0.06 |
| EUR	AROUNDTOWN SA-REG-S 0.37500% 19-23.09.22 | 100 000.00 | 120 386.76 | 0.01 |
| EUR	BPCE SA-REG-S 0.25000% 20-15.01.26 | 800 000.00 | 970 644.53 | 0.08 |
| EUR	DXC TECHNOLOGY CO 1.75000% 18-15.01.26 | 200 000.00 | 245 144.93 | 0.02 |
| EUR	EIRCOM FINANCE DAC-REG-S 3.50000% 19-15.05.26 | 1 110 000.00 | 1 357 120.67 | 0.11 |
| EUR	GREECE, HELLENIC REPUBLIC OF-144A-REG-S 1.87500% 19-23.07.26 | 3 235 000.00 | 4 243 985.06 | 0.35 |
| EUR	HEATHROW FUNDING LTD-REG-S 1.50000% 20-12.10.25 | 350 000.00 | 438 164.95 | 0.04 |
| EUR	INTRUM JUSTITIA AB-REG-S 2.75000% 17-15.07.22 | 280 000.00 | 33 491.05 | 0.00 |
| EUR	INTRUM JUSTITIA AB-REG-S 3.12500% 17-15.07.24 | 570 000.00 | 678 329.37 | 0.06 |
| EUR	ITALY, REPUBLIC OF-BTP-144A-REG-S 3.250% 14-01.09.46 | 7 500 000.00 | 12 573 018.96 | 1.05 |
| EUR	ITALY, REPUBLIC OF-BTP 1.60000% 16-01.06.26 | 6 000 000.00 | 7 783 229.13 | 0.65 |
| EUR	ITALY, REPUBLIC OF-BTP-REG-S 0.95000% 20-01.08.30 | 5 000 000.00 | 6 212 249.38 | 0.52 |
| EUR	MATTERHORN TELECOM SA-REG-S 3.12500% 19-15.09.26 | 1 220 000.00 | 1 449 440.32 | 0.12 |
| EUR	MPT OPERATING PARTNERSHIP LP/FIN CORP 3.32500% 17-24.03.25 | 800 000.00 | 1 013 696.24 | 0.08 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 1.50000% 15-25.03.35 | 6 000 000.00 | 8 619 232.98 | 0.72 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 3.12500% 15-07.08.45 | 4 500 000.00 | 9 004 881.16 | 0.75 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 0.48750% 20-20.10.50 | 5 673 000.00 | 7 009 235.55 | 0.58 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 2.15000%15-31.10.25 | 14 300 000.00 | 19 291 763.34 | 1.60 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 1.40000% 18-30.07.28 | 6 360 000.00 | 8 516 283.22 | 0.71 |
| EUR	SUMMER BIDCO BV-REG-S 9.00000% 19-15.11.25 | 1 250 000.00 | 1 622 990.83 | 0.14 |
| EUR	TAURON POLSKA ENERGIA SA-REG-S 2.37500% 17-05.07.27 | 1 000 000.00 | 1 247 786.13 | 0.10 |
| EUR	UMG GROUPE VYV 1.62500% 19-02.07.29 | 1 100 000.00 | 1 385 466.35 | 0.12 |
| EUR	UNITED GROUP BV-REG-S 3.12500% 20-15.02.26 | 760 000.00 | 888 656.98 | 0.07 |
| EUR	VERISURE MIDHOLDING AB-REG-S 5.75000% 17-01.12.23 | 1 140 000.00 | 1 376 350.11 | 0.11 |
| EUR	VIATRIS INC-REG-S 3.12500% 16-22.11.28 | 100 000.00 | 142 526.75 | 0.01 |
| EUR	VIVION INVESTMENTS SARL-REG-S 3.00000% 19-08.08.24 | 200 000.00 | 232 660.90 | 0.02 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 1.12500% 17-02.10.23 | 200 000.00 | 247 383.70 | 0.02 |
| Total EUR |  | 98 980 821.83 | 8.23 |
| GBP |  |  |  |
| GBP	BRACKEN MIDCO1 PLC-REG-S (PIK) 8.87500% 18-15.10.23 | 1 051 875.00 | 1 369 198.07 | 0.11 |
| GBP	BUPA FINANCE PLC-REG-S-SUB 5.00000% 13-25.04.23 | 100 000.00 | 144 854.79 | 0.01 |
| GBP	DIGNITY FINANCE PLC-REG-S 4.69560% 14-31.12.49 | 151 000.00 | 158 263.85 | 0.01 |
| GBP	JERROLD FINCO PLC-REG-S 6.12500% 17-15.01.24 | 1 000 000.00 | 1 328 374.75 | 0.11 |
| GBP	MILLER HOMES GROUP HOLDINGS PLC-REG-S 5.50000% 17-15.10.24 | 1 000 000.00 | 1 368 425.58 | 0.11 |
| GBP	ROTHESAY LIFE PLC-REG-S-SUB 3.37500% 19-12.07.26 | 845 000.00 | 1 181 956.42 | 0.10 |
| GBP	SCOTTISH WIDOWS PLC-REG-S-SUB 5.50000% 13-16.06.23 | 200 000.00 | 294 477.13 | 0.03 |
| GBP	UNITED KINGDOM OF GREAT BRITAIN-REG-S 1.50000% 16-22.07.47 | 3 000 000.00 | 4 629 016.20 | 0.39 |
| GBP	UNITED KINGDOM OF GREAT BRITAIN-REG-S 0.87500% 19-22.10.29 | 7 500 000.00 | 10 555 216.37 | 0.88 |
| Total GBP |  | 21 029 783.16 | 1.75 |

UBS (Lux) Bond SICAV – Global Dynamic (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) |  |
| JPY |  |  |  |  |
| JPY | JAPAN 0.50000% 19-20.03.59 | 360 000 000.00 | 3 244 091.12 | 0.27 |
| Total JPY |  |  | 3 244 091.12 | 0.27 |
| MXN |  |  |  |  |
| MXN | MEXICO, UNITED MEXICAN STATES 7.75000% 11-13.11.42 | 9 871 700.00 | 54 179 870.35 | 4.51 |
| Total MXN |  | 54 179 870.35 | 4.51 |
| NZD |  |  |  |  |
| NZD | NEW ZEALAND 4.50000% 14-15.04.27 | 200 000.00 | 176 005.02 | 0.02 |
| NZD | NEW ZEALAND-REG-S 2.75000% 16-15.04.25 | 200 000.00 | 155 526.82 | 0.01 |
| NZD | NEW ZEALAND-REG-S 5.50000% 11-15.04.23 | 200 000.00 | 158 141.25 | 0.01 |
| Total NZD |  |  | 489 673.09 | 0.04 |
| USD |  |  |  |  |
| USD | AMERICAN AIRLINES PASS THROUGH TRUST 4.37500% 14-01.10.22 | 605 000.00 | 204 776.56 | 0.02 |
| USD | BALTIMORE GAS & ELECTRIC CO 3.50000% 16-15.08.46 | 700 000.00 | 817 777.03 | 0.07 |
| USD | BANK TABUNGAN NEGARA PERSERO-REG-S-SUB 4.20000% 20-23.01.25 | 200 000.00 | 202 125.00 | 0.02 |
| USD | BRAZIL, FEDERATIVE REPUBLIC OF 7.12500% 06-20.01.37 | 1 500 000.00 | 2 002 031.25 | 0.17 |
| USD | CITIGROUP INC 3.87500% 13-25.10.23 | 600 000.00 | 659 298.78 | 0.06 |
| USD | CNAC HK FINBRIDGE CO LTD-REG-S 3.50000% 17-19.07.22 | 245 000.00 | 246 607.81 | 0.02 |
| USD | CNAC HK FINBRIDGE CO LTD-REG-S 4.62500% 18-14.03.23 | 1 000 000.00 | 1 032 812.50 | 0.09 |
| USD | COLOMBIA, REPUBLIC OF 6.12500% 09-18.01.41 | 1 000 000.00 | 1 321 250.00 | 0.11 |
| USD | GAZ CAPITAL SA/GAZPROM-REG-S LPN 7.28800% 07-16.08.37 | 630 000.00 | 910 153.13 | 0.08 |
| USD | GOLDMAN SACHS GROUP INC-SUB 5.15000% 15-22.05.45 | 200 000.00 | 280 639.52 | 0.02 |
| USD | HCA INC 5.37500% 15-01.02.25 | 1 000 000.00 | 1 119 530.00 | 0.09 |
| USD | KAZAKHSTAN, REPUBLIC OF-REG-S 4.87500% 14-14-10.44 | 1 200 000.00 | 1 620 375.00 | 0.13 |
| USD | MEXICO CITY AIRPORT TRUST-REG-S 5.50000% 17-31.07.47 | 450 000.00 | 441 513.00 | 0.04 |
| USD | MOROCCO, KINGDOM OF THE-REG-S 5.50000% 12-11.12.42 | 3 000 000.00 | 3 722 812.50 | 0.31 |
| USD | NETFLIX INC 4.37500% 16-15.11.26 | 1 000 000.00 | 1 108 750.00 | 0.09 |
| USD | PACIFIC GAS & ELECTRIC CO 2.10000% 20-01.08.27 | 535 000.00 | 538 002.53 | 0.04 |
| USD | PACIFIC GAS & ELECTRIC CO 2.50000% 20-01.02.31 | 415 000.00 | 417 425.68 | 0.03 |
| USD | PETROLEOS DE VENEZUE-REG-S *DEFAULTED* 6.00000% 14-16.05.24 | 600 000.00 | 19 200.00 | 0.00 |
| USD | REYNOLDS AMERICAN INC 4.45000% 15-12.06.25 | 150 000.00 | 171 082.85 | 0.01 |
| USD | SFC CAPITAL LTD-REG-S 5.37500% 16-16.06.23 | 500 000.00 | 532 812.50 | 0.04 |
| USD | SOUTH AFRICA, REPUBLIC OF 6.30000% 18-22.06.48 | 500 000.00 | 512 343.75 | 0.04 |
| USD | SOUTHERN CALIFORNIA EDISON CO 2.85000% 19-01.08.29 | 500 000.00 | 541 100.80 | 0.05 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 6.50000% 20-10.01.25 | 910 000.00 | 896 350.00 | 0.07 |
| USD | TURKEY, REPUBLIC OF 6.62500% 14-17.02.45 | 700 000.00 | 696 281.25 | 0.06 |
| USD | UPL CORP LTD-REG-S 4.62500% 20-16.06.30 | 1 010 000.00 | 1 079 121.87 | 0.09 |
| Total USD |  |  | 21 094 173.31 | 1.75 |
| ZAR |  |  |  |  |
| ZAR | SOUTH AFRICA, REPUBLIC OF 8.75000% 12-28.02.48 | 1 000 000 000.00 | 51 676 782.17 | 4.30 |
| ZAR | SOUTH AFRICA, REPUBLIC OF 8.50000% 13-31.01.37 | 210 000 000.00 | 11 069 570.34 | 0.93 |
| Total ZAR |  |  | 62 746 352.51 | 5.23 |
| Total des Obligations, taux fixe |  | 297 528 534.43 | 24.76 |
| Obligations, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	AG INSURANCE SA/NV-REG-S-SUB 3.500%/VAR 15-30.06.47 | 300 000.00 | 405 813.24 | 0.04 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 3.250%/VAR 20-PRP | 490 000.00 | 625 007.15 | 0.05 |
| EUR	BP CAPITAL MARKETS PLC-REG-S-SUB 3.625%/VAR 20-PRP | 390 000.00 | 509 087.77 | 0.04 |
| EUR	ELM BV-REG-S-SUB 2.600%/VAR 15-PRP | 290 000.00 | 372 915.35 | 0.03 |
| EUR	ENGIE SA-REG-S-SUB 3.250%/VAR 19-PRP | 100 000.00 | 129 787.70 | 0.01 |
| EUR	HOLCIM FINANCE LUXEMBOURG SA-REG-S-SUB 3.000%/VAR 19-PRP | 200 000.00 | 248 637.35 | 0.02 |
| EUR	TELEFONICA EUROPE BV-REG-S-SUB 3.875%/VAR 18-PRP | 1 200 000.00 | 1 527 822.05 | 0.13 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.125%/VAR 18-PRP | 200 000.00 | 222 493.20 | 0.02 |
| EUR	VONOVIA FINANCE BV-REG-S-SUB 4.000%/VAR 14-PRP | 300 000.00 | 371 448.81 | 0.03 |
| Total EUR |  | 4 413 012.62 | 0.37 |
| GBP |  |  |  |
| GBP	BARCLAYS PLC-REG-S-SUB 7.250%/VAR 17-PRP | 200 000.00 | 286 496.39 | 0.02 |
| GBP	CYBG PLC-REG-S-SUB 8.000%/VAR 16-PRP | 1 610 000.00 | 2 165 310.50 | 0.18 |
| GBP	CYBG PLC-REG-S-SUB 8.750%/VAR 16-PRP | 1 020 000.00 | 1 419 472.90 | 0.12 |
| GBP	M&G PLC-REG-S-SUB 5.625%/VAR 18-20.10.51 | 150 000.00 | 235 321.39 | 0.02 |
| GBP	SANTANDER UK GROUP HOLD PLC-REG-S-SUB 6.750%/VAR 17-PRP | 200 000.00 | 291 708.43 | 0.02 |
| Total GBP |  | 4 398 309.61 | 0.36 |
| USD |  |  |  |
| USD	BP CAPITAL MARKETS PLC-SUB 4.875%/VAR 20-PRP | 485 000.00 | 534 858.00 | 0.04 |
| USD	CREDIT SUISSE GROUP AG-REG-S-SUB 7.500%/VAR 18-PRP | 1 230 000.00 | 1 339 101.00 | 0.11 |
| USD	QBE INSURANCE GROUP LTD-REG-S-SUB 6.750%/VAR 14-02.12.44 | 380 000.00 | 428 617.20 | 0.04 |
| USD	SCOR SE-REG-S-SUB 5.250%/VAR 18-PRP | 400 000.00 | 418 824.00 | 0.03 |
| USD	WESTPAC BANKING CORP-SUB 5.000%/VAR 17-PRP | 200 000.00 | 206 648.00 | 0.02 |
| Total USD |  | 2 928 048.20 | 0.24 |
| Total des Obligations, taux variable |  | 11 739 370.43 | 0.97 |
| Bons du Trésor à moyen terme, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.12500% 14-15.08.44 | 9 500 000.00 | 12 700 683.00 | 1.06 |
| USD	AMERICA, UNITED STATES OF 3.00000% 17-15.05.47 | 12 000 000.00 | 15 932 343.60 | 1.32 |
| USD	AMERICA, UNITED STATES OF 2.87500% 19-15.05.49 | 26 000 000.00 | 34 066 091.80 | 2.83 |
| USD	AMERICA, UNITED STATES OF 1.87500% 17-31.07.22 | 675 000.00 | 694 379.86 | 0.06 |
| USD	AMERICA, UNITED STATES OF 2.87500% 18-30.04.25 | 15 000 000.00 | 16 686 327.00 | 1.39 |
| USD	AMERICA, UNITED STATES OF 2.00000% 13-15.02.23 | 1 000 000.00 | 1 040 234.30 | 0.09 |
| USD	AMERICA, UNITED STATES OF 2.50000% 14-15.05.24 | 6 000 000.00 | 6 468 984.00 | 0.54 |
| USD	AMERICA, UNITED STATES OF 1.75000% 17-30.06.22 | 1 300 000.00 | 1 333 109.31 | 0.11 |
| USD	AMERICA, UNITED STATES OF 1.62500% 19-30.11.26 | 46 000 000.00 | 49 076 250.00 | 4.08 |
| USD	AMERICA, UNITED STATES OF 0.62500% 20-15.05.30 | 15 000 000.00 | 14 744 531.25 | 1.23 |

UBS (Lux) Bond SICAV – Global Dynamic (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 | AMERICA, UNITED STATES OF TB 0.12500% 01.06.20-31.05.22 | 31 750 000.00 | 31 746 279.22 | 2.64 |
| USD | AMERICA, UNITED STATES OF 0.50000% 20-30.06.27 | 38 000 000.00 | 37 836 718.56 | 3.15 |
| USD | AMERICA, UNITED STATES OF 0.62500% 20-15.08.30 | 19 875 000.00 | 19 489 921.88 | 1.62 |
| USD | AMERICA, UNITED STATES OF 0.50000% 20-31.08.27 | 20 000 000.00 | 19 887 500.00 | 1.65 |
| Total USD |  |  | 261 703 353.78 | 21.77 |
| Total des Bons du Trésor à moyen terme, taux fixe |  | 261 703 353.78 | 21.77 |
| Bons du Trésor à moyen terme, taux variable |  |  |  |
| BRL |  |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 6.000%/IPCA LINKD 10-15.08.50 | 1 050.00 | 849 686.49 | 0.07 |
| Total BRL |  | 849 686.49 | 0.07 |
| Total des Bons du Trésor à moyen terme, taux variable |  | 849 686.49 | 0.07 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 793 595 704.96 | 66.02 |
| Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  |  |  |
| Titres adossés à des actifs, taux fixe |  |  |  |
| USD |  |  |  |
| USD	CPS AUTO TRUST-144A 4.61000% 17-15.12.22 | 247 000.00 | 231 142.05 | 0.02 |
| USD	DRIVE AUTO RECEIVABLES TRUST 4.30000% 18-15.04.26 | 1 000 000.00 | 1 054 740.60 | 0.09 |
| USD	DT AUTO OWNER TRUST-144A 4.19000% 18-15.07.24 | 1 000 000.00 | 1 039 687.60 | 0.08 |
| Total USD |  | 2 325 570.25 | 0.19 |
| Total des Titres adossés à des actifs, taux fixe |  | 2 325 570.25 | 0.19 |
| Titres adossés à des actifs, taux variable |  |  |  |
| USD |  |  |  |
| USD	SOFI PROFESSIONA LOAN PROGRAM LLC-144A VAR 17-26.03.40 | 850 000.00 | 892 610.07 | 0.07 |
| Total USD |  | 892 610.07 | 0.07 |
| Total des Titres adossés à des actifs, taux variable |  | 892 610.07 | 0.07 |
| Titres adossés à des hypothèques, taux fixe |  |  |  |
| USD |  |  |  |
| USD	BANK BNK-SUB 4.40700% 18-01.11.61 | 1 850 000.00 | 2 218 632.30 | 0.18 |
| USD	BBCMS TRUST-144A-SUB 4.19700% 15-06.08.35 | 100 000.00 | 112 346.40 | 0.01 |
| USD	BENCHMARK MORTGAGE TRUST 3.94360% 18-01.07.51 | 1 350 000.00 | 1 584 692.37 | 0.13 |
| USD	BENCHMARK MORTGAGE TRUST-SUB 4.51000% 18-01.05.53 | 2 000 000.00 | 2 442 618.80 | 0.20 |
| USD	BENCHMARK MORTGAGE TRUST-SUB 3.97900% 19-01.03.62 | 1 350 000.00 | 1 554 689.84 | 0.13 |
| USD	CITIGROUP COMMERCIAL MORTGAGE 3.36600% 16-01.11.49 | 1 500 000.00 | 1 645 410.15 | 0.14 |
| USD	COMM MORTGAGE TRUST-SUB 4.22800% 18-01.05.51 | 2 500 000.00 | 2 971 915.25 | 0.25 |
| USD	JPMDB COMMERCIAL MORTGAGE TRT 4.42100% 18-01.06.51 | 1 150 000.00 | 1 337 816.16 | 0.11 |
| USD	MORGAN STANLEY BOA MERR LYH TRT 15-C24 3.73200% 15-01.05.48 | 800 000.00 | 889 650.80 | 0.07 |
| USD	MORGAN STANLEY CAPITAL INC-SUB 3.33000% 17-01.12.50 | 450 000.00 | 494 536.09 | 0.04 |
| USD	MORGAN STANLEY CAPITAL I TRUST-SUB 4.31000% 18-01.12.51 | 1 355 000.00 | 1 623 663.44 | 0.14 |
| USD	MSBAM LYNCH TRUST-SUB 3.99400% 16-01.12.49 | 600 000.00 | 670 880.10 | 0.06 |
| USD	WELLS FARGO COMMERCIAL MORTGAGE TRUST 4.21200% 18-01.05.51 | 1 400 000.00 | 1 641 355.94 | 0.14 |
| Total USD |  | 19 188 207.64 | 1.60 |
| Total des Titres adossés à des hypothèques, taux fixe |  | 19 188 207.64 | 1.60 |
| Titres adossés à des hypothèques, taux variable |  |  |  |
| USD |  |  |  |
| USD	AVENTURA MALL TRUST-144A FLR 18-01.07.40 | 2 060 000.00 | 2 223 280.54 | 0.18 |
| USD	BAMLL COMMERCIAL MORT SET-144A 1M LIBOR+135BP 18-15.09.34 | 1 575 000.00 | 1 500 024.65 | 0.12 |
| USD	BANK 2017-BNK9 VAR 17-01.11.54 | 1 500 000.00 | 1 706 338.35 | 0.14 |
| USD	BANK-SUB FLR 18-01.02.61 | 895 000.00 | 911 158.95 | 0.08 |
| USD	BBCMS TRUST CBM-144A 1M LIBOR+119.1098BP 18-15.07.37 | 1 650 000.00 | 1 546 692.18 | 0.13 |
| USD	BENCHMARK 2018-B2 MORTGAGE TRUST-SUB FLR 18-01.02.51 | 1 400 000.00 | 1 553 667.92 | 0.13 |
| USD	BENCHMARK MORTGAGE TRUST-SUB FLR 18-01.10.51 | 1 500 000.00 | 1 683 528.90 | 0.14 |
| USD	BENCHMARK MORTGAGE TRUST-SUB FLR 18-01.10.51 | 1 950 000.00 | 1 997 283.01 | 0.17 |
| USD	BENCHMARK MORTGAGE TRUST FLR 18-01.01.52 | 2 000 000.00 | 2 389 472.20 | 0.20 |
| USD	BX COMMERCIAL MORTGAGE TRUST-144A 1M LIBOR+75BP 18-15.11.35 | 355 000.00 | 139 944.36 | 0.01 |
| USD	BX COMMERCIAL MORTGAGE TRUST-144A 1M LIBOR+90BP 18-15.11.35 | 500 000.00 | 349 122.72 | 0.03 |
| USD	BX TRUST-144A 1M LIBOR+80BP 18-15.05.35 | 1 300 000.00 | 1 262 545.57 | 0.11 |
| USD	BX TRUST-144A 1M LIBOR+122BP 18-15.05.35 | 2 000 000.00 | 1 899 802.60 | 0.16 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+145BP 19-15.12.37 | 500 000.00 | 499 394.80 | 0.04 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+175BP 19-15.12.37 | 1 620 000.00 | 1 607 816.46 | 0.13 |
| USD	CD MORTGAGE TRUST FLR 17-01.11.50 | 2 220 000.00 | 2 446 871.34 | 0.20 |
| USD	CGDBB COMME MORTGAGE TRUST-144A 1M LIBOR+97BP 17-15.07.32 | 1 000 000.00 | 912 993.17 | 0.08 |
| USD	CSAIL 2015-C4 COMMERCIAL MORTGAGE TRUST-SUB VAR 15-01.11.48 | 500 000.00 | 505 898.95 | 0.04 |
| USD	CSWF TOP-144A-SUB FLR 18-15.08.35 | 1 625 000.00 | 1 203 959.38 | 0.10 |
| USD	GS MORTGAGE SECURITIES CORP II 4.155%/VAR 18-01.07.51 | 330 000.00 | 385 564.57 | 0.03 |
| USD	GS MORTGAGE SECURITIES TRUST 4.047%/VAR 17-01.03.50 | 3 000 000.00 | 3 305 330.40 | 0.28 |
| USD	JP MORGAN CHASE MORTGAGE SECURITIES-144A-SUB FLR 18-01.01.31 | 2 045 000.00 | 2 051 054.22 | 0.17 |
| USD	JP MORGAN CHASE MORTGAGE SECURITIES-144A-SUB FLR 18-01.01.31 | 2 000 000.00 | 1 979 484.20 | 0.16 |
| USD	JPMCC COMMERCIAL MORTGAGE SEC TRUST VAR 17-01.09.50 | 3 200 000.00 | 3 226 841.28 | 0.27 |
| USD	JPMDB COMMER MORTGAGE SECURITIES TRUST VAR 17-01.03.50 | 1 450 000.00 | 1 617 275.77 | 0.13 |
| USD	MAD MORTGAGE TRUST-144A 3.294%/VAR 17-01.08.34 | 1 500 000.00 | 1 553 110.50 | 0.13 |
| USD	MAD MORTGAGE TRUST-144A 3.478%/VAR 17-01.08.34 | 1 500 000.00 | 1 545 437.85 | 0.13 |
| USD	MAD MORTGAGE TRUST-144A 3.599%/VAR 17-01.08.34 | 1 000 000.00 | 1 028 433.50 | 0.09 |
| USD	ROSSLYN PORTFOLIO TRUST ROSS 1M LIBOR+300BP 17-15.06.33 | 700 000.00 | 580 169.35 | 0.05 |
| USD	WELLS FARGO COMMERCIAL MORTGAGE FLR 17-01.12.50 | 1 400 000.00 | 1 572 052.02 | 0.13 |
| USD	WORLDWIDE PLAZA TRUST-144A-SUB FLR 17-01.11.36 | 2 675 000.00 | 2 851 521.91 | 0.24 |
| Total USD |  | 48 036 071.62 | 4.00 |
| Total des Titres adossés à des hypothèques, taux variable |  | 48 036 071.62 | 4.00 |
| UBS (Lux) Bond SICAV – Global Dynamic (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 fixe |  |  |  |
| CAD |  |  |  |
| CAD	ONTARIO, PROVINCE OF 2.70000% 19-02.06.29 | 6 000 000.00 | 5 167 667.25 | 0.43 |
| Total CAD |  | 5 167 667.25 | 0.43 |
| EUR |  |  |  |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 8.00000% 19-15.05.27 | 1 925 000.00 | 2 482 676.68 | 0.21 |
| Total EUR |  | 2 482 676.68 | 0.21 |
| USD |  |  |  |
| USD	AKER BP ASA-144A 3.00000% 20-15.01.25 | 565 000.00 | 574 585.73 | 0.05 |
| USD	ALTRIA GROUP INC 4.25000% 12-09.08.42 | 150 000.00 | 170 618.37 | 0.01 |
| USD	BNP PARIBAS-144A 4.40000% 18-14.08.28 | 200 000.00 | 236 910.54 | 0.02 |
| USD	BRAZIL MINAS SPE-REG-S 5.33300% 13-15.02.28 | 200 000.00 | 170 350.00 | 0.01 |
| USD	BROADCOM INC 3.15000% 20-15.11.25 | 1 000 000.00 | 1 086 587.20 | 0.09 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 5.50000% 16-01.05.26 | 1 000 000.00 | 1 041 500.00 | 0.09 |
| USD	CENTENE CORP 4.62500% 20-15.12.29 | 1 000 000.00 | 1 096 250.00 | 0.09 |
| USD	CITIGROUP INC-SUB 4.60000% 16-09.03.26 | 200 000.00 | 233 615.44 | 0.02 |
| USD	COLONIAL ENTERPRISES INC-144A 3.25000% 20-15.05.30 | 470 000.00 | 526 344.63 | 0.04 |
| USD	COSTCO WHOLESALE CORP 1.60000% 20-20.04.30 | 195 000.00 | 199 953.19 | 0.02 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 5.30000% 19-01.10.29 | 355 000.00 | 429 142.00 | 0.04 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 7.12500% 16-15.06.24 | 250 000.00 | 259 062.50 | 0.02 |
| USD	ENLINK MIDSTREAM PARTNERS LP 4.40000% 14-01.04.24 | 410 000.00 | 395 117.00 | 0.03 |
| USD	ENTERPRISE PRODUCTS OPERATING LLC 4.85000% 13-15.03.44 | 260 000.00 | 318 351.02 | 0.03 |
| USD	GLENCORE FUNDING LLC-144A 4.87500% 19-12.03.29 | 500 000.00 | 592 398.15 | 0.05 |
| USD	INFOR INC-144A 1.75000% 20-15.07.25 | 355 000.00 | 367 933.14 | 0.03 |
| USD	JPMORGAN CHASE & CO-SUB 3.62500% 16-01.12.27 | 300 000.00 | 340 256.22 | 0.03 |
| USD	MICROSOFT CORP 3.50000% 12-15.11.42 | 200 000.00 | 250 303.82 | 0.02 |
| USD	MPLX LP 4.25000% 20-01.12.27 | 400 000.00 | 454 261.64 | 0.04 |
| USD	NXP BV / NXP FDNG LLC / NXP USA-144A 2.70000% 20-01.05.25 | 160 000.00 | 171 749.74 | 0.01 |
| USD	ONCOR ELECTRIC DELIVERY CO 3.70000% 19-15.11.28 | 760 000.00 | 895 058.76 | 0.07 |
| USD	ORIGIN ENERGY FINANCE LTD-REG-S 5.45000% 11-14.10.21 | 360 000.00 | 373 784.40 | 0.03 |
| USD	OTIS WORLDWIDE CORP 2.56500% 20-15.02.30 | 745 000.00 | 800 214.56 | 0.07 |
| USD	PERU, REPUBLIC OF 5.62500% 10-18.11.50 | 1 500 000.00 | 2 293 500.00 | 0.19 |
| USD	SOUTHWESTERN ELECTRIC POWER 6.20000% 10-15.03.40 | 150 000.00 | 217 604.28 | 0.02 |
| USD	TEACHERS INSURANCE&ANNUITY ASS-144A-SUB 4.90000% 14-15.09.44 | 200 000.00 | 268 082.82 | 0.02 |
| Total USD |  | 13 763 535.15 | 1.14 |
| Total des Billets, taux fixe |  | 21 413 879.08 | 1.78 |
| Medium-Term Notes, taux variable |  |  |  |
| USD |  |  |  |
| USD	AUSTRALIA & NEW ZEALAND BANK-REG-S-SUB 2.950%VAR 20-22.07.30 | 700 000.00 | 732 228.00 | 0.06 |
| USD	INTESA SANPAOLO SPA-144A-SUB 7.700%/VAR 15-PRP | 1 500 000.00 | 1 685 085.00 | 0.14 |
| Total USD |  | 2 417 313.00 | 0.20 |
| Total des Medium-Term Notes, taux variable |  | 2 417 313.00 | 0.20 |
| Obligations, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	PANTHER BF AGGR 2/PANTHER FIN CO-REG-S 4.37500% 19-15.05.26 | 2 460 000.00 | 3 040 642.32 | 0.25 |
| Total EUR |  | 3 040 642.32 | 0.25 |
| USD |  |  |  |
| USD	FIVE CORNERS FUNDING TRUST-144A 4.41900% 13-15.11.23 | 200 000.00 | 222 554.12 | 0.02 |
| USD	PHILLIPS 66 4.65000% 14-15.11.34 | 250 000.00 | 294 238.85 | 0.03 |
| Total USD |  | 516 792.97 | 0.05 |
| Total des Obligations, taux fixe |  | 3 557 435.29 | 0.30 |
| Obligations, taux variable |  |  |  |
| JPY |  |  |  |
| JPY	JAPAN 0.100%/CPI LINKED 19-10.03.29 | 1 200 000 000.00 | 11 538 026.62 | 0.96 |
| Total JPY |  | 11 538 026.62 | 0.96 |
| NZD |  |  |  |
| NZD	NEW ZEALAND 2.500%/CPI LINKED 17-20.09.40 | 89 000 000.00 | 96 781 126.16 | 8.05 |
| NZD	NEW ZEALAND 3.000%/CPI LINKED 13-20.09.30 | 67 000 000.00 | 68 551 069.82 | 5.71 |
| NZD	NEW ZEALAND-REG-S 2.500%/CPI LINKED 14-20.09.35 | 30 000 000.00 | 31 404 618.00 | 2.61 |
| Total NZD |  | 196 736 813.98 | 16.37 |
| USD |  |  |  |
| USD	PACIFIC GAS AND ELECTRIC CO 3M LIBOR+137.5BP 20-15.11.21 | 2 905 000.00 | 2 908 153.95 | 0.24 |
| Total USD |  | 2 908 153.95 | 0.24 |
| Total des Obligations, taux variable |  | 211 182 994.55 | 17.57 |
| Total des Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  | 309 014 081.50 | 25.71 |

Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé
| USD |  |
| --- | --- |
| USD | DBGS 2018-BIOD MORTGAGE TRUST-SUB 4.76400% 18-01.10.51 | 1 300 000.00 | 1 550 573.18 | 0.13 |
| Total USD |  |  | 1 550 573.18 | 0.13 |

Titres adossés à des hypothèques, taux fixe
Total des Titres adossés à des hypothèques, taux fixe	1 550 573.18	0.13
UBS (Lux) Bond SICAV – Global Dynamic (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 fixe |  |  |  |
| EUR |  |  |  |
| EUR	ABBVIE INC 2.62500% 20-15.11.28 | 100 000.00 | 141 665.97 | 0.01 |
| Total EUR |  | 141 665.97 | 0.01 |
| USD |  |  |  |
| USD	ABBVIE INC 4.75000% 20-15.03.45 | 100 000.00 | 131 357.50 | 0.01 |
| USD	TECK RESOURCES LTD 3.90000% 20-15.07.30 | 530 000.00 | 578 283.53 | 0.05 |
| Total USD |  | 709 641.03 | 0.06 |
| Total des Billets, taux fixe |  | 851 307.00 | 0.07 |
| Obligations, taux variable |  |  |  |
| USD |  |  |  |
| USD	SCENTRE GROUP TRUST 2-REG-S-SUB 4.750%/VAR 20-24.09.80 | 650 000.00 | 675 447.50 | 0.06 |
| Total USD |  | 675 447.50 | 0.06 |
| Total des Obligations, taux variable |  | 675 447.50 | 0.06 |
| Total des Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé |  | 3 077 327.68 | 0.26 |
| Nouvelles émissions de titres et instruments du marché monétaire |  |  |  |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AKER BP ASA-144A 4.00000% 20-15.01.31 | 525 000.00 | 530 320.30 | 0.04 |
| USD	CAMERON LNG LLC-144A 3.30200% 19-15.01.35 | 340 000.00 | 382 741.74 | 0.03 |
| USD	CARRIER GLOBAL CORP-144A 2.72200% 20-15.02.30 | 550 000.00 | 585 946.96 | 0.05 |
| USD	CHEVRON PHILLIPS CHEMICAL CO LLC-144A 5.12500% 20-01.04.25 | 460 000.00 | 539 538.65 | 0.05 |
| USD	GRAPHIC PACKAGING INTERNATIONL INC-144A 3.50000% 20-15.03.28 | 1 000 000.00 | 1 042 210.00 | 0.09 |
| USD	NXP BV / NXP FDNG LLC / NXP USA-144A 3.15000% 20-01.05.27 | 900 000.00 | 982 531.17 | 0.08 |
| Total USD |  | 4 063 288.82 | 0.34 |
| Total des Billets, taux fixe |  | 4 063 288.82 | 0.34 |
| Total des Nouvelles émissions de titres et instruments du marché monétaire |  | 4 063 288.82 | 0.34 |

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 |  |
| --- | --- |
| EUR | ISHARES EURO HIGH YIELD CORPORATE BOND UCITS ETF EUR | 1 000.00 | 121 749.24 | 0.01 |
| USD | UBS (IRL) SELECT MONEY MARKET FUND-USD-S-DIST | 1 141.24 | 11 412 380.00 | 0.95 |
| GBP | UBS (IRL) SELECT MONEY MARKET FUND-GBP-S-DIST | 179.85 | 2 401 100.78 | 0.20 |
| Total Irlande |  | 13 935 230.02 | 1.16 |
| Luxembourg |  |  |  |
| USD	UBS (LUX) BOND SICAV - MULTI INCOME (USD) U-X-ACC | 500.00 | 5 237 315.00 | 0.44 |
| Total Luxembourg |  | 5 237 315.00 | 0.44 |
| Suisse |  |  |  |
| CHF	UBS (CH) BOND FUND - ENHANCED YIELD SHORT TERM (CHF) U-X | 1 002.03 | 11 101 923.48 | 0.92 |
| Total Suisse |  | 11 101 923.48 | 0.92 |
| Total des Fonds d’investissement, ouvert |  | 30 274 468.50 | 2.52 |
| Total des OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée |  | 30 274 468.50 | 2.52 |
| Total du Portefeuille-titres |  | 1 140 024 871.46 | 94.85 |

| Instruments dérivés |  |
| --- | --- |
| Instruments dérivés négociés sur une bourse officielle |
| Contrats financiers à terme sur obligations |
|  |  |  |  |
| EUR	EURO BTP ITALY GOVERMENT FUTURE 08.12.20 | -226.00 | -1 527 427.78 | -0.13 |
| EUR	EURO-BOBL FUTURE 08.12.20 | -100.00 | -27 512.60 | 0.00 |
| EUR	EURO-BUXL FUTURE 08.12.20 | -135.00 | -864 852.60 | -0.07 |
| EUR	EURO-OAT FUTURE 08.12.20 | -50.00 | -123 806.70 | -0.01 |
| GBP	LONG GILT FUTURE 29.03.21 | -635.00 | -33 910.27 | 0.00 |
| AUD	AUSTRALIA 10YR BOND FUTURE 15.12.20 | -10.00 | -8 048.47 | 0.00 |
| JPY	JAPAN GOVERNMENT 10Y BOND (OSE) FUTURE 14.12.20 | 37.00 | 49 676.34 | 0.00 |
| CAD	CAN 10YR BOND FUTURE 22.03.21 | -377.00 | -122 185.35 | -0.01 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 22.03.21 | -160.00 | -101 249.92 | -0.01 |
| USD	US LONG BOND FUTURE 22.03.21 | 35.00 | 22 148.42 | 0.00 |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.21 | -270.00 | -23 202.72 | 0.00 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.21 | -320.00 | -50 000.00 | 0.00 |
| USD	US 10YR ULTRA NOTE FUTURE 22.03.21 | 20.00 | 12 500.00 | 0.00 |
| USD	US 10YR TREASURY NOTE FUTURE 22.03.21 | -429.00 | -134 062.50 | -0.01 |
| Total des Contrats financiers à terme sur obligations |  | -2 931 934.15 | -0.24 |
| Total des Instruments dérivés négociés sur une bourse officielle |  | -2 931 934.15 | -0.24 |

UBS (Lux) Bond SICAV – Global Dynamic (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 non négociés sur une bourse officielle ou sur un autre marché réglementé
Swaps et Swaps à terme sur taux d’intérêt
| CAD CAD | LCH/INTEREST RATE SWAP PAYER 3.49750% 19-25.06.24 LCH/INTEREST RATE SWAP REC CAB3M 19-25.06.24 | -5 000 000.00 | -433 506.71 | -0.04 |
| --- | --- | --- | --- | --- |
| USD | LCH/INTEREST RATE SWAP PAYER 2.29200% 20-03.02.25 | -8 000 000.00 | -705 536.03 | -0.06 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 20-03.02.25 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.37200% 15-28.04.45 | -2 000 000.00 | -506 821.40 | -0.04 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 15-28.04.45 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 2.27700% 15-13.05.45 | -1 200 000.00 | -605 438.75 | -0.05 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 15-13.05.45 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 2.33100% 15-14.05.45 | -1 200 000.00 | -625 495.91 | -0.05 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 15-14.05.45 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 1.51890% 15-05.06.45 | -300 000 000.00 | -873 482.38 | -0.07 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 15-05.06.45 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 1.55125% 15-08.06.45 | -300 000 000.00 | -896 257.90 | -0.07 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 15-08.06.45 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 1.56450% 15-15.06.45 | -200 000 000.00 | -603 554.61 | -0.05 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 15-15.06.45 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 2.36950% 15-12.06.45 | -800 000.00 | -436 981.75 | -0.04 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 15-12.06.45 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 1.45625% 15-23.06.45 | -200 000 000.00 | -552 059.81 | -0.05 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 15-23.06.45 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 2.43600% 15-25.06.45 | -1 200 000.00 | -681 039.08 | -0.06 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 15-25.06.45 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 1.52750% 15-06.07.45 | -300 000 000.00 | -878 115.87 | -0.07 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 15-06.07.45 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 2.47600% 15-13.07.45 | -1 200 000.00 | -696 398.70 | -0.06 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 15-13.07.45 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 2.46100% 15-15.07.45 | -1 600 000.00 | -921 046.16 | -0.08 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 15-15.07.45 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 2.24350% 15-31.07.45 | -2 000 000.00 | -1 011 385.56 | -0.08 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 15-31.07.45 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 2.08300% 15-04.08.45 | -800 000.00 | -401 793.11 | -0.03 |
| GBP | LCH/INTEREST RATE SWAP REC 3ML 15-04.08.45 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.56500% 15-10.11.45 | -2 500 000.00 | -749 981.34 | -0.06 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 15-10.11.45 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.60800% 15-19.11.45 | -2 400 000.00 | -742 267.00 | -0.06 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 15-19.11.45 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.56750% 16-05.04.46 | -250 000 000.00 | -160 705.65 | -0.01 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 16-05.04.46 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.12350% 16-18.04.46 | -2 000 000.00 | -407 991.73 | -0.03 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 16-18.04.46 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.59900% 16-30.04.46 | -200 000 000.00 | -142 948.39 | -0.01 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 16-30.04.46 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.52500% 16-23.09.46 | -210 000 000.00 | -113 131.32 | -0.01 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 16-23.09.46 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.19900% 16-11.10.46 | -1 000 000.00 | -175 812.57 | -0.01 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 16-11.10.46 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.21650% 16-13.10.46 | -1 500 000.00 | -272 388.05 | -0.02 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 16-13.10.46 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.39400% 17-23.03.27 | -4 600 000.00 | -550 139.37 | -0.05 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 17-23.03.27 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.43900% 17-29.03.47 | -1 250 000.00 | -325 480.09 | -0.03 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 17-29.03.47 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.40950% 17-31.03.47 | -1 250 000.00 | -312 896.81 | -0.03 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 17-31.03.47 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.34600% 17-07.04.27 | -5 000 000.00 | -580 513.20 | -0.05 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 17-07.04.27 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.79150% 17-29.05.47 | -160 000 000.00 | -190 494.19 | -0.02 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 17-29.05.47 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.87750% 17-28.07.47 | -160 000 000.00 | -230 193.99 | -0.02 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 17-28.07.47 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.57230% 17-01.08.47 | -1 800 000.00 | -582 034.33 | -0.05 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 17-01.08.47 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.24850% 17-02.08.27 | -4 300 000.00 | -504 235.96 | -0.04 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 17-02.08.27 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.72300% 18-21.02.48 | -1 200 000.00 | -444 009.49 | -0.04 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 18-21.02.48 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.91625% 18-27.02.48 | -160 000 000.00 | -247 543.62 | -0.02 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 18-27.02.48 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.71375% 18-27.12.48 | -440 000 000.00 | -459 169.78 | -0.04 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 18-27.12.48 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.55291% 19-01.02.49 | -1 200 000.00 | -385 686.39 | -0.03 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 19-01.02.49 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.63500% 19-14.03.49 | -390 000 000.00 | -320 476.78 | -0.03 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 19-14.03.49 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.54275% 19-10.04.49 | -355 000 000.00 | -202 495.31 | -0.02 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 19-10.04.49 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.58300% 24-24.09.29 | -54 000 000.00 | -812 806.28 | -0.07 |
| NZD | LCH/INTEREST RATE SWAP REC 3MF 24-24.09.29 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.20750% 19-27.09.29 | -35 900 000.00 | -946 889.27 | -0.08 |
| NZD | LCH/INTEREST RATE SWAP REC 3MF 19-27.09.29 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.47300% 24-15.10.29 | -55 000 000.00 | -603 039.12 | -0.05 |
| NZD | LCH/INTEREST RATE SWAP REC 3MF 24-15.10.29 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.67500% 24-30.10.29 | -32 000 000.00 | -561 627.49 | -0.05 |
| NZD | LCH/INTEREST RATE SWAP REC 3MF 24-30.10.29 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.14124% 19-13.12.49 | -9 400 000.00 | -1 675 278.95 | -0.14 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 19-13.12.49 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 2.11600% 20-23.01.30 | -142 000 000.00 | -4 148 871.38 | -0.35 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIB 20-23.01.30 |  |  |  |

UBS (Lux) Bond SICAV – Global Dynamic (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) |  |
|  |  |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 1.91900% 20-10.02.30 | -155 000 000.00 | -3 711 125.31 | -0.31 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIBR 20-10.02.30 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 1.66500% 20-27.02.30 | -123 500 000.00 | -2 124 926.76 | -0.18 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIBR 20-27.02.30 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 1.29910% 20-03.03.50 | -5 800 000.00 | -75 409.82 | -0.01 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 20-03.03.50 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 1.34000% 20-06.03.30 | -101 000 000.00 | -885 182.57 | -0.07 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIBR 20-06.03.30 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 0.85750% 20-23.07.30 | -87 000 000.00 | 488 311.59 | 0.04 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIBR 20-23.07.30 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 0.34200% 20-10.09.50 | -10 000.00 | 223.65 | 0.00 |
| GBP | LCH/INTEREST RATE SWAP REC 12ML 20-10.09.50 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 0.13510% 20-16.09.30 | -100 000.00 | 1 175.06 | 0.00 |
| GBP | LCH/INTEREST RATE SWAP REC 12ML 20-16.09.30 |  |  |  |
| NZD | BC/INTEREST RATE SWAP REC 5.20000% 13-09.12.23 | 1 200 000.00 | 145 556.78 | 0.01 |
| NZD | BC/INTEREST RATE SWAP PAYER 3MFRA 13-09.12.23 |  |  |  |
| NZD | BC/INTEREST RATE SWAP REC 5.14300% 14-17.02.24 | 2 100 000.00 | 251 367.81 | 0.02 |
| NZD | BC/INTEREST RATE SWAP PAYER 3ML 14-17.02.24 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP REC 2.34500% 20-03.02.25 | 10 000 000.00 | 554 131.53 | 0.05 |
| CAD | LCH/INTEREST RATE SWAP REC CAB3M 20-03.02.25 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP REC 1.85125% 25-27.10.45 | 350 000 000.00 | 967 438.65 | 0.08 |
| JPY | LCH/INTEREST RATE SWAP PAYER 6ML 25-22.10.45 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.88000% 16-22.04.21 | 65 000 000.00 | 15 174.54 | 0.00 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 16-22.04.21 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.28000% 16-23.07.26 | 95 000 000.00 | 296 647.86 | 0.03 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 16-23.07.26 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP REC 0.32000% 16-21.09.31 | 400 000 000.00 | 112 109.58 | 0.01 |
| JPY | LCH/INTEREST RATE SWAP PAYER 6ML 16-21.09.31 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.77500% 18-16.11.48 | 2 000 000.00 | 786 045.25 | 0.07 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 18-16.11.48 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 3.02250% 19-02.04.24 | 105 000 000.00 | 175 131.17 | 0.01 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAY CNRR007 19-02.04.24 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.43349% 19-10.04.49 | 2 400 000.00 | 664 748.75 | 0.06 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-10.04.49 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 8.20500% 19-20.04.29 | 160 000 000.00 | 1 561 125.22 | 0.13 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 19-20.04.29 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.22300% 19-07.06.49 | 2 000 000.00 | 410 249.37 | 0.03 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-07.06.49 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.18689% 19-20.06.49 | 2 900 000.00 | 556 795.51 | 0.05 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-20.06.49 |  |  |  |
| CNY | HSBC/INTEREST RATE SWAP REC 2.87250% 19-16.07.24 | 90 000 000.00 | 77 645.58 | 0.01 |
| CNY | HSBC/INTEREST RATE SWAP PAYER CNRR007 19-16.07.24 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.77000% 19-28.08.24 | 180 000 000.00 | 43 393.16 | 0.00 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 19-28.08.24 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.78300% 19-10.09.24 | 180 000 000.00 | 72 307.74 | 0.01 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 19-10.09.24 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.94000% 19-19.09.24 | 75 000 000.00 | 98 141.42 | 0.01 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 19-19.09.24 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP REC 1.83100% 24-19.09.29 | 46 000 000.00 | 655 224.02 | 0.05 |
| CAD | LCH/INTEREST RATE SWAP PAYER 3MC 24-19.09.29 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP REC 1.68250% 19-02.10.24 | 30 000 000.00 | 894 201.22 | 0.07 |
| CAD | LCH/INTEREST RATE SWAP PAYER 3MC 19-02.10.24 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.68000% 19-26.09.29 | 150 000 000.00 | 677 926.38 | 0.06 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 19-26.09.29 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.96250% 19-21.10.24 | 140 000 000.00 | 186 408.19 | 0.02 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 19-21.10.24 |  |  |  |
| CNY | CITIGROUP/INTEREST RATE SWAP REC 3.03500% 19-23.10.24 | 271 000 000.00 | 475 157.10 | 0.04 |
| CNY | CITIGROUP/INTEREST RATE SWAP PAYER CNRR007 19-23.10.24 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 3.15750% 19-30.10.24 | 111 000 000.00 | 271 081.01 | 0.02 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 19-30.10.24 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP REC 1.22000% 19-21.11.24 | 42 500 000.00 | 1 025 003.81 | 0.09 |
| NZD | LCH/INTEREST RATE SWAP PAYER 3MF 19-21.11.24 |  |  |  |
| CNY | HSBC/INTEREST RATE SWAP REC 2.96500% 20-06.01.25 | 169 000 000.00 | 233 332.16 | 0.02 |
| CNY | HSBC/INTEREST RATE SWAP PAYER CNRR007 20-06.01.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.92500% 20-16.01.25 | 114 000 000.00 | 127 855.29 | 0.01 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-16.01.25 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.84250% 20-09.01.30 | 320 000 000.00 | 1 616 407.91 | 0.13 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 20-09.01.30 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.53600% 20-14.02.30 | 245 000 000.00 | 974 362.92 | 0.08 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 20-14.02.30 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.45000% 20-03.03.25 | 405 000 000.00 | -755 281.39 | -0.06 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-03.03.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.44500% 20-04.03.25 | 500 000 000.00 | -944 968.05 | -0.08 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-04.03.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.15000% 20-04.06.25 | 130 000 000.00 | -531 222.27 | -0.04 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-04.06.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.30000% 20-05.06.25 | 145 000 000.00 | -440 939.14 | -0.04 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-05.06.25 |  |  |  |
| CNY | HSBC/INTEREST RATE SWAP REC 2.30500% 20-08.06.25 | 135 000 000.00 | -407 232.18 | -0.03 |
| CNY | HSBC/INTEREST RATE SWAP PAYER CNRR007 20-08.06.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.23500% 20-10.06.25 | 110 000 000.00 | -388 348.39 | -0.03 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-10.06.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.27000% 20-11.06.25 | 80 000 000.00 | -262 844.40 | -0.02 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-11.06.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.19500% 20-12.06.25 | 137 000 000.00 | -517 622.34 | -0.04 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-12.06.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.24500% 20-17.06.25 | 300 000 000.00 | -1 044 284.63 | -0.09 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-17.06.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.82000% 20-20.11.25 | 495 000 000.00 | 128 807.61 | 0.01 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-20.11.25 |  |  |  |

Total des Swaps et Swaps à terme sur taux d’intérêt	-25 223 920.99	-2.10
UBS (Lux) Bond SICAV – Global Dynamic (USD) Rapport semestriel au 30 novembre 2020
| Dénomination | Nombre/ Nominal | Evaluation en USD Bénéfice/(perte) non réalisé(e) sur futures/ Contrats de change à terme/ Swaps (note 1) | en % de l’actif net |
| --- | --- | --- | --- |
| Credit Default Swaps* |  |  |  |
|  |  |  |  |
| USD	BOA/MEX CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -8 750 000.00 | -155 917.52 | -0.01 |
| USD	CITIBANK/BRAZIL CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -5 500 000.00 | 39 931.96 | 0.00 |
| USD	JPMORGAN/BRAZIL CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -5 500 000.00 | 39 931.96 | 0.00 |
| USD	BOA/TURKEY CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 8 750 000.00 | -723 368.24 | -0.06 |
| USD	CITIBANK/SOAF CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 5 500 000.00 | -152 718.26 | -0.01 |
| USD	JPMORGAN/SOAF CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 5 500 000.00 | -152 718.26 | -0.01 |
| Total des Credit Default Swaps |  | -1 104 858.36 | -0.09 |
| Total des Instruments dérivés non négociés sur une bourse officielle ou sur un autre marché réglementé |  | -26 328 779.35 | -2.19 |
| Total des Instruments dérivés |  | -29 260 713.50 | -2.43 |
| Contrats de change à terme |  |  |  |
| Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |  |

| IDR | 162 720 900 000.00 | USD | 11 046 904.28 | 4.12.2020 | 469 349.60 | 0.04 |
| --- | --- | --- | --- | --- | --- | --- |
| INR | 712 340 000.00 | USD | 9 612 965.91 | 4.12.2020 | 6 268.78 | 0.00 |
| USD | 22 102 041.24 | PHP | 1 068 700 000.00 | 4.12.2020 | -121 259.15 | -0.01 |
| RUB | 2 592 067 500.00 | USD | 32 757 904.91 | 4.12.2020 | 1 123 522.05 | 0.09 |
| MYR | 45 336 000.00 | USD | 10 895 457.82 | 4.12.2020 | 231 533.77 | 0.02 |
| COP | 84 001 223 000.00 | USD | 21 812 833.81 | 4.12.2020 | 1 608 913.05 | 0.13 |
| USD | 10 694 395.49 | TWD | 303 400 000.00 | 4.12.2020 | 52 422.16 | 0.01 |
| USD | 2 102 720.38 | CNY | 14 145 000.00 | 4.12.2020 | -45 889.93 | 0.00 |
| USD | 9 699 454.28 | JPY | 1 016 800 000.00 | 4.12.2020 | -51 812.31 | 0.00 |
| EUR | 19 475 000.00 | NOK | 216 550 315.00 | 4.12.2020 | -1 154 164.24 | -0.10 |
| USD | 44 917 514.80 | CAD | 59 100 000.00 | 4.12.2020 | -687 973.28 | -0.06 |
| AUD | 17 765 000.00 | USD | 12 630 398.04 | 4.12.2020 | 459 890.24 | 0.04 |
| USD | 10 925 308.04 | CHF | 10 000 000.00 | 4.12.2020 | -121 059.08 | -0.01 |
| USD | 234 179 173.58 | EUR | 200 160 000.00 | 4.12.2020 | -5 258 555.98 | -0.44 |
| NOK | 628 970 000.00 | USD | 66 527 055.43 | 4.12.2020 | 4 490 186.19 | 0.37 |
| CZK | 515 180 000.00 | USD | 22 391 020.02 | 4.12.2020 | 1 036 915.96 | 0.09 |
| USD | 24 603 682.19 | SEK | 218 240 000.00 | 4.12.2020 | -922 523.85 | -0.08 |
| USD | 62 234 807.16 | ZAR | 1 005 520 000.00 | 4.12.2020 | -2 727 448.13 | -0.23 |
| USD | 48 528 949.70 | GBP | 37 400 000.00 | 4.12.2020 | -1 402 294.28 | -0.12 |
| PLN | 84 665 000.00 | USD | 21 614 005.74 | 4.12.2020 | 975 505.84 | 0.08 |
| USD | 254 445 827.70 | NZD | 381 555 000.00 | 4.12.2020 | -13 711 662.23 | -1.14 |
| USD | 32 990 348.03 | MXN | 699 140 000.00 | 4.12.2020 | -1 690 534.37 | -0.14 |
| USD | 34 057 553.45 | THB | 1 057 940 000.00 | 4.12.2020 | -915 188.04 | -0.08 |
| HUF | 3 372 850 000.00 | USD | 10 801 732.00 | 4.12.2020 | 433 998.55 | 0.04 |
| GBP | 7 980 000.00 | JPY | 1 083 762 204.00 | 4.12.2020 | 260 331.07 | 0.02 |
| AUD | 15 960 000.00 | CHF | 10 442 308.80 | 4.12.2020 | 225 295.10 | 0.02 |
| BRL | 63 762 925.00 | USD | 11 425 000.00 | 4.12.2020 | 413 092.36 | 0.04 |
| USD | 11 425 000.00 | JPY | 1 185 029 563.00 | 4.12.2020 | 60 386.32 | 0.01 |
| USD | 2 545 900.01 | EUR | 2 140 000.00 | 4.12.2020 | -14 035.75 | 0.00 |
| USD | 2 723 034.82 | ZAR | 41 590 000.00 | 4.12.2020 | 36 086.58 | 0.00 |
| INR | 855 575 600.00 | USD | 11 540 000.00 | 4.12.2020 | 13 447.08 | 0.00 |
| AUD | 15 840 000.00 | NZD | 16 911 576.00 | 4.12.2020 | -213 647.29 | -0.02 |
| USD | 2 427 337.16 | MXN | 49 620 000.00 | 4.12.2020 | -34 065.97 | 0.00 |
| USD | 2 817 559.60 | GBP | 2 125 000.00 | 4.12.2020 | -19 442.90 | 0.00 |
| CAD | 15 460 022.90 | NZD | 17 140 000.00 | 4.12.2020 | -116 039.07 | -0.01 |
| AUD | 15 985 000.00 | NZD | 16 862 320.74 | 4.12.2020 | -72 186.50 | -0.01 |
| EUR | 19 614 621.68 | CZK | 515 180 000.00 | 4.12.2020 | 35 695.52 | 0.00 |
| TRY | 44 988 337.80 | USD | 5 900 000.00 | 4.12.2020 | -150 665.94 | -0.01 |
| NZD | 4 350 000.00 | USD | 3 022 375.65 | 4.12.2020 | 34 811.60 | 0.00 |
| CHF | 10 765 000.00 | JPY | 1 227 354 789.00 | 4.12.2020 | 120 893.59 | 0.01 |
| TRY | 47 109 425.00 | USD | 5 885 000.00 | 4.12.2020 | 135 400.73 | 0.01 |
| CHF | 122 470 900.00 | USD | 134 597 457.98 | 21.1.2021 | 944 673.21 | 0.08 |
| EUR | 558 968 300.00 | USD | 665 419 340.99 | 21.1.2021 | 4 261 706.09 | 0.36 |
| CAD | 15 445 000.00 | JPY | 1 236 603 925.00 | 4.12.2020 | 59 168.13 | 0.01 |
| NZD | 3 717 317.71 | PLN | 9 755 000.00 | 4.12.2020 | 9 800.53 | 0.00 |
| USD | 22 197 067.25 | PHP | 1 068 700 000.00 | 7.1.2021 | 17 735.91 | 0.00 |
| PHP | 1 068 700 000.00 | USD | 22 218 295.22 | 4.12.2020 | 5 005.17 | 0.00 |
| USD | 2 967 140.08 | EUR | 2 495 000.00 | 4.12.2020 | -17 457.92 | 0.00 |
| EUR | 1 599 400.00 | USD | 1 906 812.68 | 21.1.2021 | 9 374.46 | 0.00 |
| MYR | 45 336 000.00 | USD | 11 128 129.60 | 7.1.2021 | -11 187.91 | 0.00 |
| USD | 11 130 861.77 | MYR | 45 336 000.00 | 4.12.2020 | 3 870.18 | 0.00 |
| USD | 34 196 141.16 | RUB | 2 592 067 500.00 | 4.12.2020 | 314 714.20 | 0.03 |
| USD | 10 686 861.57 | TWD | 303 400 000.00 | 7.1.2021 | 23 287.75 | 0.00 |
| TWD | 303 400 000.00 | USD | 10 630 693.76 | 4.12.2020 | 11 279.57 | 0.00 |
| IDR | 162 720 900 000.00 | USD | 11 482 668.83 | 7.1.2021 | -30 558.60 | 0.00 |
| INR | 1 567 920 000.00 | USD | 21 138 119.31 | 7.1.2021 | -25 474.87 | 0.00 |
| USD | 11 507 843.00 | IDR | 162 720 900 000.00 | 4.12.2020 | -8 410.88 | 0.00 |
| USD | 21 206 102.49 | INR | 1 567 915 600.00 | 4.12.2020 | 33 420.72 | 0.00 |
| CNY | 14 145 000.00 | USD | 2 149 696.05 | 4.12.2020 | -1 085.74 | 0.00 |
| USD | 2 143 831.46 | CNY | 14 145 000.00 | 7.1.2021 | 1 542.26 | 0.00 |
| BRL | 63 770 000.00 | USD | 11 939 711.66 | 7.1.2021 | -105 688.63 | -0.01 |
| USD | 11 946 215.46 | BRL | 63 762 925.00 | 4.12.2020 | 108 123.10 | 0.01 |
| COP | 84 001 223 000.00 | USD | 23 222 078.07 | 7.1.2021 | 162 332.77 | 0.01 |
| USD | 23 256 152.55 | COP | 84 001 223 000.00 | 4.12.2020 | -165 594.31 | -0.01 |
| RUB | 2 592 067 500.00 | USD | 34 072 079.24 | 11.1.2021 | -337 539.88 | -0.03 |
| Total des Contrats de change à terme | -11 943 466.84 | -0.99 |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 118 650 911.84** | 9.87 |
| Crédit en compte courant et autres engagements à court terme | -22 337 667.05 | -1.86 |
| Autres actifs et passifs | 6 827 537.69 | 0.56 |
| Total de l’Actif net | 1 201 961 473.60 | 100.00 |

* Nominal positif: le compartiment est «receveur», nominal négatif: le compartiment est «payeur».
** Au 30 novembre 2020, des avoirs en banque ont été utilisés à titre de garanties, à hauteur de 940 000.00 USD en faveur de Bank of America, à hauteur de 3 460 000.00 USD en faveur de Citibank London et à hauteur de 1 594 000.00 USD en faveur de JP Morgan.
UBS (Lux) Bond SICAV – Global Dynamic (USD) Rapport semestriel au 30 novembre 2020