# UBS (Lux) Bond SICAV
– Emerging Economies Local Currency Bond (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Net assets in USD |  | 394 965 175.95 | 297 327 482.25 | 208 540 910.78 |
| Class I-A1-acc | LU1390335583 |  |  |  |
| Shares outstanding |  | 47 396.8310 | 47 396.8310 | 57 024.1460 |
| Net asset value per share in USD |  | 115.66 | 109.57 | 109.76 |
| Issue and redemption price per share in USD 1 |  | 115.66 | 109.57 | 109.76 |
| Class I-B-acc 2 | LU1881004227 |  |  |  |
| Shares outstanding |  | 45 817.3540 | 28 107.3540 | - |
| Net asset value per share in USD |  | 112.55 | 106.35 | - |
| Issue and redemption price per share in USD 1 |  | 112.55 | 106.35 | - |
| Class I-X-acc | LU1131112325 |  |  |  |
| Shares outstanding |  | 1 990 724.2740 | 1 933 078.7440 | 1 480 368.9330 |
| Net asset value per share in USD |  | 102.28 | 96.59 | 96.16 |
| Issue and redemption price per share in USD 1 |  | 102.28 | 96.59 | 96.16 |
| Class K-1-acc 3 | LU0775388019 |  |  |  |
| Shares outstanding |  | 0.5000 | 0.5000 | - |
| Net asset value per share in USD |  | 5 567 361.36 | 5 282 398.28 | - |
| Issue and redemption price per share in USD 1 |  | 5 567 361.36 | 5 282 398.28 | - |
| Class P-acc | LU0775387714 |  |  |  |
| Shares outstanding |  | 237 221.5890 | 253 348.3640 | 207 362.0220 |
| Net asset value per share in USD |  | 91.46 | 87.03 | 87.97 |
| Issue and redemption price per share in USD 1 |  | 91.46 | 87.03 | 87.97 |
| Class (EUR hedged) P-acc 4 | LU2064626802 |  |  |  |
| Shares outstanding |  | 186 361.3390 | - | - |
| Net asset value per share in EUR |  | 99.61 | - | - |
| Issue and redemption price per share in EUR 1 |  | 99.61 | - | - |
| Class P-dist | LU0775387805 |  |  |  |
| Shares outstanding |  | 896.1780 | 392.0530 | 372.8950 |
| Net asset value per share in USD |  | 65.50 | 65.18 | 69.65 |
| Issue and redemption price per share in USD 1 |  | 65.50 | 65.18 | 69.65 |
| Class (EUR hedged) P-dist 4 | LU2064626984 |  |  |  |
| Shares outstanding |  | 228 909.5780 | - | - |
| Net asset value per share in EUR |  | 99.61 | - | - |
| Issue and redemption price per share in EUR 1 |  | 99.61 | - | - |
| Class P-mdist 3 | LU0775387987 |  |  |  |
| Shares outstanding |  | 11 584.1230 | 11 711.5790 | - |
| Net asset value per share in USD |  | 100.58 | 98.11 | - |
| Issue and redemption price per share in USD 1 |  | 100.58 | 98.11 | - |
| Class Q-acc | LU1240772902 |  |  |  |
| Shares outstanding |  | 277 792.5180 | 169 691.0730 | 53 586.5560 |
| Net asset value per share in USD |  | 114.81 | 108.88 | 109.30 |
| Issue and redemption price per share in USD 1 |  | 114.81 | 108.88 | 109.30 |
| Class (EUR hedged) Q-acc 4 | LU2064627016 |  |  |  |
| Shares outstanding |  | 44 400.1480 | - | - |
| Net asset value per share in EUR |  | 99.64 | - | - |
| Issue and redemption price per share in EUR 1 |  | 99.64 | - | - |
| Class (EUR hedged) Q-dist 4 | LU2064627107 |  |  |  |
| Shares outstanding |  | 12 822.3450 | - | - |
| Net asset value per share in EUR |  | 99.64 | - | - |
| Issue and redemption price per share in EUR 1 |  | 99.64 | - | - |
| Class U-X-acc | LU0775388282 |  |  |  |
| Shares outstanding |  | 3 918.4990 | 3 442.4990 | 3 715.4990 |
| Net asset value per share in USD |  | 10 251.24 | 9 681.17 | 9 637.37 |
| Issue and redemption price per share in USD 1 |  | 10 251.24 | 9 681.17 | 9 637.37 |
| Class U-X-UKdist-mdist 5 | LU1957417519 |  |  |  |
| Shares outstanding |  | 3 085.8210 | 2 517.8210 | - |
| Net asset value per share in USD |  | 10 061.87 | 9 831.03 | - |
| Issue and redemption price per share in USD 1 |  | 10 061.87 | 9 831.03 | - |
| 1  See note 1 2  First NAV: 25.9.2018 3  First NAV: 22.6.2018 4  First NAV: 15.11.2019 5  First NAV: 26.3.2019 |  |  |  |  |

UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD) Semi-Annual Report as of 30 November 2019

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| South Africa | 9.79 |
| --- | --- |
| Russian Federation (CIS) | 9.29 |
| Thailand | 8.81 |
| Brazil | 8.36 |
| Poland | 7.65 |
| Indonesia | 7.23 |
| Mexico | 6.56 |
| Colombia | 5.70 |
| Malaysia | 5.19 |
| Turkey | 4.02 |
| Peru | 3.99 |
| Hungary | 3.49 |
| Czech Republic | 3.13 |
| Romania | 1.93 |
| Ukraine | 1.58 |
| Nigeria | 1.54 |
| United States | 1.01 |
| Supranationals | 0.90 |
| United Kingdom | 0.82 |
| Cayman Islands | 0.40 |
| Egypt | 0.39 |
| Chile | 0.39 |
| India | 0.38 |
| Mongolia | 0.36 |
| Sri Lanka | 0.33 |
| El Salvador | 0.27 |
| Ecuador | 0.27 |
| Oman | 0.25 |
| Philippines | 0.23 |
| Ghana | 0.22 |
| Argentina | 0.21 |
| Pakistan | 0.21 |
| Dominican Republic | 0.19 |
| Uruguay | 0.17 |
| Bahrain | 0.17 |
| Greece | 0.13 |
| Kazakhstan | 0.13 |
| Serbia | 0.05 |
| Total | 95.74 |

Economic Breakdown as a % of net assets	
| Countries & central governments | 87.88 |
| --- | --- |
| Supranational organisations | 2.00 |
| Miscellaneous unclassified companies | 1.01 |
| Banks & credit institutions | 1.00 |
| Energy & water supply | 0.91 |
| Cantons, federal states | 0.73 |
| Finance & holding companies | 0.62 |
| Miscellaneous services | 0.49 |
| Telecommunications | 0.40 |
| Non-ferrous metals | 0.39 |
| Petroleum | 0.19 |
| Traffic & transportation | 0.12 |
| Total | 95.74 |

UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD)
Semi-Annual Report as of 30 November 2019

## Statement of Net Assets
Assets	30.11.2019
USD
Investments in securities, cost	385 733 736.75
Investments in securities, unrealized appreciation (depreciation)	7 600 433.69
Total investments in securities (Note 1)	378 133 303.06
Cash at banks, deposits on demand and deposit accounts	10 485 246.57*
Receivable on securities sales (Note 1)	398 659.16
Receivable on subscriptions	171 008.02
Interest receivable on securities	6 852 310.62
Interest receivable on liquid assets	2 705.98
Receivable on dividends	233.03
Other receivables	98 731.45
Unrealized gain (loss) on forward foreign exchange contracts (Note 1)	-1 320 268.20
Total Assets	395 744 470.91
Liabilities
Unrealized gain (loss) on swaps (Note 1)	922 541.22
Bank overdraft	-19 892.67
Other short-term liabilities (Margins)	-55 139.51
Interest payable on bank overdraft	-54.28
Payable on securities purchases (Note 1)	-518 405.57
Payable on redemptions	-89 483.29
Provisions for flat fee (Note 2)	-55 112.90
Provisions for taxe d’abonnement (Note 3)	-13 580.51
Provisions for other commissions and fees (Note 2)		-27 626.23		 Total provisions			-96 319.64
Total Liabilities	-779 294.96
Net assets at the end of the period	394 965 175.95

## Statement of Operations
Income	1.6.2019-30.11.2019
USD
Interest on liquid assets	88 861.20
Interest on securities	8 411 950.97
Interest received on swaps (Note 1)	1 040 346.34
Income on securities lending (Note 13)	7 566.00
Total income	9 628 029.87
Expenses
Other income (Note 4)	79 305.36
Interest paid on swaps (Note 1)	-805 070.56
Flat fee (Note 2)	-353 590.26
Taxe d’abonnement (Note 3)	-29 036.13
Cost on securities lending (Note 13)	-3 026.40
Other commissions and fees (Note 2)	-18 407.97
Total expenses	-1 214 965.40
Net income (loss) on investments	8 413 064.47
Realized gain (loss) (Note 1)
Interest on cash and bank overdraft	-5 834.08
Realized gain (loss) on market-priced securities without options	-2 501 464.19
Realized gain (loss) on yield-evaluated securities and money market instruments	190 009.36
Realized gain (loss) on financial futures	-145 149.36
Realized gain (loss) on forward foreign exchange contracts	-2 221 196.67
Realized gain (loss) on swaps	-1 184 016.49
Net realized gain (loss) of the period	2 450 876.53
Total realized gain (loss)	-5 962 187.94
Realized gain (loss) on foreign exchange	-100 370.59
Changes in unrealized appreciation (depreciation) (Note 1)
Unrealized appreciation (depreciation) on market-priced securities without options	12 464 890.33
Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments	-1 088 641.27 Unrealized appreciation (depreciation) on financial futures		33 867.18
Unrealized appreciation (depreciation) on forward foreign exchange contracts	471 801.53
Total changes in unrealized appreciation (depreciation)	14 418 041.29
Unrealized appreciation (depreciation) on swaps	2 536 123.52
Net increase (decrease) in net assets as a result of operations	16 868 917.82
* As at 30 November 2019, cash amounts serve as collateral for the counterparty Barclays for an amount of USD 1 460 000.00.
UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD) Semi-Annual Report as of 30 November 2019
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-30.11.2019 |
| Net assets at the beginning of the period | 297 327 482.25 |
| Subscriptions | 96 060 744.02 |
| Redemptions | 	-14 259 484.13	 |
| Total net subscriptions (redemptions) | 81 801 259.89 |
| Dividend paid | -1 032 484.01 |
| Net income (loss) on investments | 8 413 064.47 |
| Total realized gain (loss) | -5 962 187.94 |
| Total changes in unrealized appreciation (depreciation) | 	14 418 041.29	 |
| Net increase (decrease) in net assets as a result of operations | 16 868 917.82 |
| Net assets at the end of the period | 394 965 175.95 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2019-30.11.2019 |
| Class | I-A1-acc |
| Number of shares outstanding at the beginning of the period | 47 396.8310 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 47 396.8310 |
| Class | I-B-acc |
| Number of shares outstanding at the beginning of the period | 28 107.3540 |
| Number of shares issued | 17 710.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 45 817.3540 |
| Class | I-X-acc |
| Number of shares outstanding at the beginning of the period | 1 933 078.7440 |
| Number of shares issued | 161 640.6630 |
| Number of shares redeemed | -103 995.1330 |
| Number of shares outstanding at the end of the period | 1 990 724.2740 |
| Class | K-1-acc |
| Number of shares outstanding at the beginning of the period | 0.5000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 0.5000 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 253 348.3640 |
| Number of shares issued | 832.5970 |
| Number of shares redeemed | -16 959.3720 |
| Number of shares outstanding at the end of the period | 237 221.5890 |
| Class | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 0.0000 |
| Number of shares issued | 186 968.7350 |
| Number of shares redeemed | -607.3960 |
| Number of shares outstanding at the end of the period | 186 361.3390 |
| Class | P-dist |
| Number of shares outstanding at the beginning of the period | 392.0530 |
| Number of shares issued | 604.1360 |
| Number of shares redeemed | -100.0110 |
| Number of shares outstanding at the end of the period | 896.1780 |
| Class | (EUR hedged) P-dist |
| Number of shares outstanding at the beginning of the period | 0.0000 |
| Number of shares issued | 230 172.2850 |
| Number of shares redeemed | -1 262.7070 |
| Number of shares outstanding at the end of the period | 228 909.5780 |
| Class | P-mdist |
| Number of shares outstanding at the beginning of the period | 11 711.5790 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -127.4560 |
| Number of shares outstanding at the end of the period | 11 584.1230 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 169 691.0730 |
| Number of shares issued | 115 291.9650 |
| Number of shares redeemed | -7 190.5200 |
| Number of shares outstanding at the end of the period | 277 792.5180 |
| Class | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 0.0000 |
| Number of shares issued | 45 155.1350 |
| Number of shares redeemed | -754.9870 |
| Number of shares outstanding at the end of the period | 44 400.1480 |

UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD)
Semi-Annual Report as of 30 November 2019
| Class |  |  | (EUR hedged) Q-dist |
| --- | --- | --- | --- |
| Number of shares outstanding at the beginning of the period |  |  | 0.0000 |
| Number of shares issued |  |  | 12 822.3450 |
| Number of shares redeemed |  |  | 0.0000 |
| Number of shares outstanding at the end of the period |  |  | 12 822.3450 |
| Class |  |  | U-X-acc |
| Number of shares outstanding at the beginning of the period |  |  | 3 442.4990 |
| Number of shares issued |  |  | 502.0000 |
| Number of shares redeemed |  |  | -26.0000 |
| Number of shares outstanding at the end of the period |  |  | 3 918.4990 |
| Class |  |  | U-X-UKdist-mdist |
| Number of shares outstanding at the beginning of the period |  |  | 2 517.8210 |
| Number of shares issued |  |  | 630.0000 |
| Number of shares redeemed |  |  | -62.0000 |
| Number of shares outstanding at the end of the period |  |  | 3 085.8210 |
| Annual Distribution 1 |  |  |  |
| UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD)	Ex-Date | Pay-Date | Currency | Amount per share |
| P-dist	1.8.2019 | 6.8.2019 | USD | 2.99 |
| Monthly Distribution 1 |  |  |  |
| UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD)	Ex-Date | Pay-Date | Currency | Amount per share |
| P-mdist	17.6.2019 | 20.6.2019 | USD | 0.41 |
| P-mdist	15.7.2019 | 18.7.2019 | USD | 0.43 |
| P-mdist	16.8.2019 | 21.8.2019 | USD | 0.43 |
| P-mdist	16.9.2019 | 19.9.2019 | USD | 0.42 |
| P-mdist	15.10.2019 | 18.10.2019 | USD | 0.42 |
| P-mdist	15.11.2019 | 20.11.2019 | USD | 0.41 |
| U-X-UKdist-mdist	17.6.2019 | 20.6.2019 | USD | 55.88 |
| U-X-UKdist-mdist	15.7.2019 | 18.7.2019 | USD | 63.17 |
| U-X-UKdist-mdist	30.7.2019 | 2.8.2019 | USD | 49.58 |
| U-X-UKdist-mdist	16.8.2019 | 21.8.2019 | USD | 69.09 |
| U-X-UKdist-mdist	15.10.2019 | 18.10.2019 | USD | 30.45 |
| U-X-UKdist-mdist	15.11.2019 | 20.11.2019 | USD | 79.12 |
| 1  See note 5 |  |  |  |

UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD) Semi-Annual Report as of 30 November 2019

## Statement of Investments in Securities and other Net Assets as of 30 November 2019
| Description	Quantity/ | Valuation in USD | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |
| Treasury bills, zero coupon |  |  |
| BRL |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF TB 0.00000% 08.07.16-01.07.20	7 999.00 | 1 844 888.22 | 0.47 |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF TB 0.00000% 07.07.17-01.07.21	5 025.00 | 1 100 265.78 | 0.28 |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF TB 0.00000% 04.01.18-01.01.22	70 100.00 | 14 874 701.09 | 3.76 |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF TB 0.00000% 05.04.19-01.07.23	19 000.00 | 3 635 688.17 | 0.92 |
| Total BRL | 21 455 543.26 | 5.43 |
| USD |  |  |
| USD	ARGENTINA TREASURY BILL 0.00000% 29.03.19-22.04.20	900 000.00 | 351 000.00 | 0.09 |
| USD	ARGENTINA TREASURY BILL 0.00000% 12.04.19-13.05.20	900 000.00 | 360 000.00 | 0.09 |
| Total USD | 711 000.00 | 0.18 |
| Total Treasury bills, zero coupon | 22 166 543.26 | 5.61 |
| Notes, fixed rate |  |  |
| BRL |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 10.00000% 18-01.01.29	18 550.00 | 5 270 545.61 | 1.33 |
| Total BRL | 5 270 545.61 | 1.33 |
| COP |  |  |
| COP	BOGOTA DISTRIRO CAPITAL-REG-S 9.75000% 07-26.07.28	9 000 000 000.00 | 2 877 330.32 | 0.73 |
| COP	COLOMBIA, REPUBLIC OF 4.37500% 12-21.03.23	5 000 000 000.00 | 1 382 877.46 | 0.35 |
| COP	EMPRESAS PUBLICAS DE MEDELLIN ESP-REG-S 8.37500% 17-08.11.27	6 900 000 000.00 | 2 084 667.43 | 0.53 |
| Total COP | 6 344 875.21 | 1.61 |
| DOP |  |  |
| DOP	DOMINICAN REPUBLIC-REG-S 8.90000% 18-15.02.23	20 150 000.00 | 380 738.51 | 0.09 |
| DOP	DOMINICAN REPUBLIC-REG-S 9.75000% 19-05.06.26	20 000 000.00 | 383 826.15 | 0.10 |
| Total DOP | 764 564.66 | 0.19 |
| MXN |  |  |
| MXN	PETROLEOS MEXICANOS-REG-S 7.19000% 13-12.09.24	42 650.00 | 194 964.87 | 0.05 |
| Total MXN | 194 964.87 | 0.05 |
| PEN |  |  |
| PEN	PERU, REPUBLIC OF-REG-S 5.40000% 19-12.08.34	4 500 000.00 | 1 367 891.45 | 0.35 |
| Total PEN | 1 367 891.45 | 0.35 |
| PHP |  |  |
| PHP	PHILIPPINES, REPUBLIC OF THE 6.25000% 11-14.01.36	13 000 000.00 | 308 766.31 | 0.08 |
| Total PHP | 308 766.31 | 0.08 |
| USD |  |  |
| USD	CENCOSUD SA-REG-S 4.87500% 12-20.01.23	1 500 000.00 | 1 532 343.75 | 0.39 |
| USD	EGYPT, REPUBLIC OF-REG-S 5.75000% 10-29.04.20	200 000.00 | 202 500.00 | 0.05 |
| USD	EGYPT, REPUBLIC OF-REG-S 5.57700% 18-21.02.23	1 295 000.00 | 1 339 988.30 | 0.34 |
| USD	EXPORT CREDIT BANK OF TURKEY-REG-S 4.25000% 17-18.09.22	1 000 000.00 | 970 312.50 | 0.24 |
| USD	GHANA GOVT INTNL BOND-REG-S 7.87500% 13-07.08.23	800 000.00 | 866 750.00 | 0.22 |
| USD	INDONESIA ASAHAN ALUMINIUM TBK PT-REG-S 5.71000% 18-15.11.23	1 400 000.00 | 1 540 875.00 | 0.39 |
| USD	KAZTRANSGAS JSC-REG-S 4.37500% 17-26.09.27	480 000.00 | 503 550.00 | 0.13 |
| USD	NIGERIA, FEDERAL REPUBLIC OF-REG-S 6.75000% 11-28.01.21	1 000 000.00 | 1 035 000.00 | 0.26 |
| USD	OMAN GOVT INTERNATIONAL BOND-REG-S 4.12500% 18-17.01.23	1 000 000.00 | 1 008 437.50 | 0.25 |
| USD	SRI LANKA, DEMOCRATIC REP OF-REG-S 6.25000% 10-04.10.20	800 000.00 | 804 000.00 | 0.20 |
| USD	SRI LANKA, DEMOCRATIC REP OF-REG-S 6.25000% 11-27.07.21	500 000.00 | 500 937.50 | 0.13 |
| USD	TURKEY, REPUBLIC OF 7.00000% 05-05.06.20	1 000 000.00 | 1 020 312.50 | 0.26 |
| USD	UKRAINE RAILWAYS VIA RL CPTL MKTS-REG-S 8.25000% 19-09.07.24	210 000.00 | 220 363.50 | 0.06 |
| USD	UKRAINE, GOVERNMENT OF-REG-S 7.75000% 15-01.09.20	910 000.00 | 935 707.50 | 0.24 |
| USD	UKRAINE, GOVERNMENT OF-REG-S 7.75000% 15-01.09.21	900 000.00 | 942 300.00 | 0.24 |
| Total USD | 13 423 378.05 | 3.40 |
| UYU |  |  |
| UYU	URUGUAY, REPUBLIC OF-REG-S 9.87500% 17-20.06.22	16 350 000.00 | 419 520.75 | 0.11 |
| Total UYU | 419 520.75 | 0.11 |
| ZAR |  |  |
| ZAR	SOUTH AFRICA, REPUBLIC OF 6.25000% 06-31.03.36	49 650 000.00 | 2 393 521.36 | 0.60 |
| Total ZAR | 2 393 521.36 | 0.60 |
| Total Notes, fixed rate | 30 488 028.27 | 7.72 |
| Notes, floating rate |  |  |
| BRL |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC FLR/SELIC 15-01.09.21	2 555.00 | 6 296 630.52 | 1.59 |
| Total BRL | 6 296 630.52 | 1.59 |
| Total Notes, floating rate | 6 296 630.52 | 1.59 |
| Medium term notes, fixed rate |  |  |
| IDR |  |  |
| IDR	EUROPEAN BANK FOR RECONSTR & DEVT 6.45000% 17-13.12.22	42 900 000 000.00 | 3 033 721.24 | 0.77 |
| IDR	EUROPEAN BANK FOR RECONSTR & DEVT 6.25000% 17-22.12.21	50 000 000 000.00 | 3 544 188.14 | 0.89 |
| Total IDR | 6 577 909.38 | 1.66 |

UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD)
Semi-Annual Report as of 30 November 2019
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| USD |  |  |  |  |
| USD | BANCO DO BRASIL CAYMAN-REG-S 4.87500% 18-19.04.23 | 1 500 000.00 | 1 570 520.70 | 0.40 |
| USD | BLACK SEA TRADE & DEVELOPMT BK-REG-S 4.87500% 16-06.05.21 | 500 000.00 | 512 245.00 | 0.13 |
| USD | REC LTD-REG-S 5.25000% 18-13.11.23 | 1 400 000.00 | 1 498 335.86 | 0.38 |
| Total USD |  |  | 3 581 101.56 | 0.91 |
| Total Medium term notes, fixed rate |  | 10 159 010.94 | 2.57 |
| Medium term notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	YPF SA-144A 3M BADLAR+400BP 16-07.07.20 | 310 000.00 | 48 465.22 | 0.01 |
| Total USD |  | 48 465.22 | 0.01 |
| Total Medium term notes, floating rate |  | 48 465.22 | 0.01 |
| Bonds, fixed rate |  |  |  |
| ARS |  |  |  |
| ARS	ARGENTINA, REPUBLIC OF 18.20000% 16-03.10.21 | 5 430 000.00 | 23 734.23 | 0.01 |
| ARS	ARGENTINA, REPUBLIC OF 16.00000% 16-17.10.23 | 9 590 000.00 | 36 544.95 | 0.01 |
| Total ARS |  | 60 279.18 | 0.02 |
| COP |  |  |  |
| COP	COLOMBIA, REPUBLIC OF 11.00000% 05-24.07.20 | 1 360 000 000.00 | 402 150.66 | 0.10 |
| COP	COLOMBIA, REPUBLIC OF 7.50000% 11-26.08.26 | 11 400 000 000.00 | 3 494 014.08 | 0.89 |
| COP	COLOMBIA, REPUBLIC OF 7.75000% 14-18.09.30 | 5 150 000 000.00 | 1 595 839.76 | 0.40 |
| COP	COLOMBIA, REPUBLIC OF 7.00000% 17-30.06.32 | 8 800 000 000.00 | 2 568 405.65 | 0.65 |
| COP	COLOMBIA, REPUBLIC OF 7.25000% 18-18.10.34 | 8 450 000 000.00 | 2 509 709.61 | 0.64 |
| COP	COLOMBIA, REPUBLIC OF 9.85000% 07-28.06.27 | 7 150 000 000.00 | 2 527 789.11 | 0.64 |
| Total COP |  | 13 097 908.87 | 3.32 |
| CZK |  |  |  |
| CZK	CZECH REPUBLIC 2.50000% 13-25.08.28 | 135 620 000.00 | 6 355 003.81 | 1.61 |
| CZK	CZECH REPUBLIC 2.75000% 18-23.07.29 | 42 200 000.00 | 2 030 347.12 | 0.51 |
| CZK	CZECH REPUBLIC 4.70000% 07-12.09.22 | 26 900 000.00 | 1 266 517.39 | 0.32 |
| CZK	CZECH REPUBLIC-REG-S 3.75000% 05-12.09.20 | 9 500 000.00 | 416 065.19 | 0.10 |
| CZK	CZECH REPUBLIC-REG-S 0.95000% 15-15.05.30 | 41 380 000.00 | 1 690 616.94 | 0.43 |
| CZK	CZECH REPUBLIC-REG-S 0.45000% 15-25.10.23 | 14 800 000.00 | 616 290.92 | 0.16 |
| Total CZK |  | 12 374 841.37 | 3.13 |
| HUF |  |  |  |
| HUF	HUNGARY, REPUBLIC OF 6.00000% 06-24.11.23 | 462 900 000.00 | 1 856 889.21 | 0.47 |
| HUF	HUNGARY, REPUBLIC OF 7.00000% 11-24.06.22 | 667 400 000.00 | 2 588 613.61 | 0.66 |
| HUF	HUNGARY, REPUBLIC OF 6.75000% 11-22.10.28 | 1 047 200 000.00 | 4 894 328.17 | 1.24 |
| HUF	HUNGARY, REPUBLIC OF 3.00000% 16-27.10.27 | 911 000 000.00 | 3 329 261.29 | 0.84 |
| HUF	HUNGARY, REPUBLIC OF 0.50000% 18-21.04.21 | 135 000 000.00 | 447 908.60 | 0.11 |
| HUF	HUNGARY, REPUBLIC OF 3.00000% 19-21.08.30 | 188 000 000.00 | 684 246.10 | 0.17 |
| Total HUF |  | 13 801 246.98 | 3.49 |
| IDR |  |  |  |
| IDR	INDONESIA, REPUBLIC OF 8.25000% 11-15.06.32 | 27 556 000 000.00 | 2 055 224.00 | 0.52 |
| IDR	INDONESIA, REPUBLIC OF 7.00000% 11-15.05.27 | 5 822 000 000.00 | 412 555.37 | 0.10 |
| IDR	INDONESIA, REPUBLIC OF 6.12500% 13-15.05.28 | 52 800 000 000.00 | 3 498 166.48 | 0.89 |
| IDR	INDONESIA, REPUBLIC OF 8.37500% 13-15.03.34 | 20 800 000 000.00 | 1 577 144.07 | 0.40 |
| IDR	INDONESIA, REPUBLIC OF 9.00000% 13-15.03.29 | 24 100 000 000.00 | 1 904 251.74 | 0.48 |
| IDR	INDONESIA, REPUBLIC OF 8.25000% 15-15.05.36 | 46 800 000 000.00 | 3 498 804.55 | 0.89 |
| IDR	INDONESIA, REPUBLIC OF 7.50000% 17-15.05.38 | 23 500 000 000.00 | 1 644 418.15 | 0.42 |
| IDR	INDONESIA, REPUBLIC OF 8.25000% 18-15.05.29 | 68 250 000 000.00 | 5 204 036.29 | 1.32 |
| IDR	INDONESIA, REPUBLIC OF 8.37500% 19-15.04.39 | 95 500 000 000.00 | 7 205 668.47 | 1.82 |
| Total IDR |  | 27 000 269.12 | 6.84 |
| MXN |  |  |  |
| MXN	MEXICO, UNITED MEXICAN STATES 8.00000% 03-07.12.23 | 45 000.00 | 239 484.76 | 0.06 |
| MXN	MEXICO, UNITED MEXICAN STATES 10.00000% 05-05.12.24 | 848 300.00 | 4 905 488.12 | 1.24 |
| MXN	MEXICO, UNITED MEXICAN STATES 10.00000% 06-20.11.36 | 123 700.00 | 801 841.47 | 0.20 |
| MXN	MEXICO, UNITED MEXICAN STATES 7.50000% 07-03.06.27 | 1 574 140.00 | 8 279 578.54 | 2.10 |
| MXN	MEXICO, UNITED MEXICAN STATES 8.50000% 09-31.05.29 | 276 000.00 | 1 551 885.37 | 0.39 |
| MXN	MEXICO, UNITED MEXICAN STATES 7.75000% 11-29.05.31 | 173 850.00 | 933 248.86 | 0.24 |
| MXN	MEXICO, UNITED MEXICAN STATES 7.75000% 11-13.11.42 | 429 650.00 | 2 299 499.22 | 0.58 |
| MXN	MEXICO, UNITED MEXICAN STATES 5.75000% 15-05.03.26 | 33 330.00 | 160 061.92 | 0.04 |
| MXN	MEXICO, UNITED MEXICAN STATES 8.00000% 17-07.11.47 | 1 037 500.00 | 5 723 895.82 | 1.45 |
| MXN	MEXICO, UNITED STATES OF 8.00000% 09-11.06.20 | 34 000.00 | 175 240.63 | 0.05 |
| MXN	MEXICO, UNITED STATES OF 6.50000% 12-09.06.22 | 126 000.00 | 641 708.23 | 0.16 |
| Total MXN |  | 25 711 932.94 | 6.51 |
| PLN |  |  |  |
| PLN	POLAND, REPUBLIC OF 5.75000% 01-23.09.22 | 7 170 000.00 | 2 042 883.06 | 0.52 |
| PLN	POLAND, REPUBLIC OF 5.75000% 10-25.10.21 | 8 450 000.00 | 2 336 067.81 | 0.59 |
| PLN	POLAND, REPUBLIC OF 4.00000% 12-25.10.23 | 4 600 000.00 | 1 279 526.98 | 0.33 |
| PLN	POLAND, REPUBLIC OF 2.75000% 13-25.04.28 | 28 170 000.00 | 7 616 750.82 | 1.93 |
| PLN	POLAND, REPUBLIC OF 3.2500% 14-25.07.25 | 1 349 000.00 | 371 130.64 | 0.09 |
| PLN	POLAND, REPUBLIC OF 1.50000% 15-25.04.20 | 13 960 000.00 | 3 575 691.74 | 0.91 |
| PLN	POLAND, REPUBLIC OF 2.00000% 15-25.04.21 | 8 100 000.00 | 2 090 398.75 | 0.53 |
| PLN	POLAND, REPUBLIC OF 2.50000% 16-25.07.27 | 1 520 000.00 | 403 958.83 | 0.10 |
| PLN	POLAND, REPUBLIC OF 2.25000% 16-25.04.22 | 8 400 000.00 | 2 184 573.45 | 0.55 |
| PLN	POLAND, REPUBLIC OF 2.50000% 17-25.01.23 | 1 500 000.00 | 394 194.65 | 0.10 |
| PLN	POLAND, REPUBLIC OF 2.75000% 19-25.10.29 | 12 760 000.00 | 3 479 477.99 | 0.88 |
| Total PLN |  | 25 774 654.72 | 6.53 |

UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD) Semi-Annual Report as of 30 November 2019
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| RON |  |  |  |  |
| RON | ROMANIA 2.25000% 16-26.02.20 | 2 455 000.00 | 564 348.70 | 0.14 |
| RON | ROMANIA 3.25000% 15-22.03.21 | 900 000.00 | 206 798.27 | 0.05 |
| RON | ROMANIA 3.50000% 15-19.12.22 | 1 275 000.00 | 290 830.76 | 0.07 |
| RON | ROMANIA 5.00000% 18-12.02.29 | 800 000.00 | 189 024.03 | 0.05 |
| RON | ROMANIA 5.75000% 13-29.04.20 | 1 400 000.00 | 325 542.15 | 0.08 |
| RON | ROMANIA 5.80000% 12-26.07.27 | 21 320 000.00 | 5 310 012.89 | 1.34 |
| RON | ROMANIA 5.85000% 13-26.04.23 | 3 000 000.00 | 732 598.10 | 0.19 |
| Total RON |  |  | 7 619 154.90 | 1.92 |
| RUB |  |  |  |  |
| RUB | RUSSIA, FEDERATION OF 7.05000% 13-19.01.28 | 404 400 000.00 | 6 608 388.07 | 1.67 |
| RUB | RUSSIA, FEDERATION OF 6.40000% 13-27.05.20 | 40 950 000.00 | 638 430.06 | 0.16 |
| RUB | RUSSIA, FEDERATION OF 7.00000% 13-16.08.23 | 163 050 000.00 | 2 620 825.17 | 0.66 |
| RUB | RUSSIA, FEDERATION OF 6.90000% 18-23.05.29 | 99 200 000.00 | 1 608 700.80 | 0.41 |
| Total RUB |  |  | 11 476 344.10 | 2.90 |
| THB |  |  |  |  |
| THB | THAILAND, KINGDOM OF 3.65000% 10-17.12.21 | 224 050 000.00 | 7 762 566.75 | 1.97 |
| THB | THAILAND, KINGDOM OF 3.85000% 10-12.12.25 | 16 000 000.00 | 602 485.74 | 0.15 |
| THB | THAILAND, KINGDOM OF 2.12500% 16-17.12.26 | 48 100 000.00 | 1 649 820.05 | 0.42 |
| THB | THAILAND, KINGDOM OF 2.87500% 18-17.12.28 | 319 650 000.00 | 11 655 771.32 | 2.95 |
| THB | THAILAND, KINGDOM OF 4.87500% 09-22.06.29 | 83 100 000.00 | 3 537 014.30 | 0.90 |
| THB | THAILAND, KINGDOM OF 3.40000% 15-17.06.36 | 68 000 000.00 | 2 722 233.24 | 0.69 |
| THB | THAILAND, KINGDOM OF 3.30000% 18-17.06.38 | 29 000 000.00 | 1 162 296.58 | 0.29 |
| THB | THAILAND, KINGDOM OF 4.67500% 13-29.06.44 | 5 450 000.00 | 271 327.11 | 0.07 |
| THB | THAILAND, KINGDOM OF 2.87500% 16-17.06.46 | 73 471 000.00 | 2 845 117.33 | 0.72 |
| THB | THAILAND, KINGDOM OF 2.55000% 15-26.06.20 | 27 500 000.00 | 911 938.86 | 0.23 |
| THB | THAILAND, KINGDOM OF 3.65000% 10-20.06.31 | 34 000 000.00 | 1 343 901.66 | 0.34 |
| THB | THAILAND, KINGDOM OF 3.77500% 12-25.06.32 | 7 800 000.00 | 315 220.49 | 0.08 |
| Total THB |  |  | 34 779 693.43 | 8.81 |
| TRY |  |  |  |  |
| TRY | TURKEY, REPUBLIC OF 7.10000% 13-08.03.23 | 2 700 000.00 | 408 278.93 | 0.10 |
| TRY | TURKEY, REPUBLIC OF 12.40000% 18-08.03.28 | 30 200 000.00 | 5 326 473.40 | 1.35 |
| TRY | TURKEY, REPUBLIC OF 9.40000% 15-08.07.20 | 2 670 000.00 | 458 597.55 | 0.12 |
| TRY | TURKEY, REPUBLIC OF 10.60000% 16-11.02.26 | 1 700 000.00 | 276 155.65 | 0.07 |
| TRY | TURKEY, REPUBLIC OF 10.50000% 17-11.08.27 | 2 800 000.00 | 446 800.73 | 0.11 |
| TRY | TURKEY, REPUBLIC OF 8.00000% 15-12.03.25 | 5 850 000.00 | 862 196.40 | 0.22 |
| TRY | TURKEY, REPUBLIC OF 8.50000% 12-14.09.22 | 5 850 000.00 | 941 133.45 | 0.24 |
| TRY | TURKEY, REPUBLIC OF 10.70000% 17-17.08.22 | 12 900 000.00 | 2 186 497.78 | 0.55 |
| TRY | TURKEY, REPUBLIC OF 12.20000% 18-18.01.23 | 5 900 000.00 | 1 032 384.43 | 0.26 |
| TRY | TURKEY, REPUBLIC OF 11.00000% 17-24.02.27 | 8 000 000.00 | 1 314 181.25 | 0.33 |
| TRY | TURKEY, REPUBLIC OF 9.00000% 14-24.07.24 | 4 000 000.00 | 619 831.11 | 0.16 |
| Total TRY |  |  | 13 872 530.68 | 3.51 |
| USD |  |  |  |  |
| USD | BAHRAIN GVT INTERNATIONAL BOND-REG-S 5.50000% 10-31.03.20 | 650 000.00 | 654 875.00 | 0.17 |
| USD | ECUADOR, REPUBLIC OF-REG-S 10.75000% 16-28.03.22 | 1 200 000.00 | 1 061 625.00 | 0.27 |
| USD | EL FONDO MIVIVIENDA-REG-S 3.50000% 13-31.01.23 | 850 000.00 | 865 406.25 | 0.22 |
| USD | EL SALVADOR, REPUBLIC OF-REG-S 7.37500% 09-01.12.19 | 1 065 000.00 | 1 063 003.13 | 0.27 |
| USD | NIGERIA, REPUBLIC OF-REG-S 6.37500% 13-12.07.23 | 1 000 000.00 | 1 054 375.01 | 0.27 |
| USD | SERBIA INTERNATIONAL BOND-REG-S 4.87500% 13-25.02.20 | 200 000.00 | 201 900.00 | 0.05 |
| USD | SOUTH AFRICA, REPUBLIC OF 5.50000% 10-09.03.20 | 1 500 000.00 | 1 513 125.00 | 0.38 |
| USD | THIRD PAKISTAN INTERNATIONAL SUK-REG-S 5.50000% 16-13.10.21 | 800 000.00 | 812 500.00 | 0.21 |
| USD | TRADE & DEVELOPMENT BANK MONGOLIA-REG-S 9.37500% 15-19.05.20 | 1 400 000.00 | 1 434 125.00 | 0.36 |
| Total USD |  |  | 8 660 934.39 | 2.20 |
| UYU |  |  |  |  |
| UYU | URUGUAY, REPUBLIC OF-REG-S 8.50000% 17-15.03.28 | 11 800 000.00 | 261 574.44 | 0.07 |
| Total UYU |  |  | 261 574.44 | 0.07 |
| ZAR |  |  |  |  |
| ZAR | SOUTH AFRICA, REPUBLIC OF 10.5000% 98-21.12.26 | 177 050 000.00 | 13 363 339.61 | 3.38 |
| ZAR | SOUTH AFRICA, REPUBLIC OF 6.75000% 06-31.03.21 | 12 200 000.00 | 831 422.72 | 0.21 |
| ZAR | SOUTH AFRICA, REPUBLIC OF 7.00000% 10-28.02.31 | 27 229 000.00 | 1 546 629.87 | 0.39 |
| ZAR | SOUTH AFRICA, REPUBLIC OF 6.50000% 10-28.02.41 | 38 400 000.00 | 1 789 128.67 | 0.45 |
| ZAR | SOUTH AFRICA, REPUBLIC OF 7.75000% 12-28.02.23 | 22 800 000.00 | 1 568 971.12 | 0.40 |
| ZAR | SOUTH AFRICA, REPUBLIC OF 8.75000% 12-28.02.2048 | 205 460 000.00 | 12 103 013.00 | 3.07 |
| ZAR | SOUTH AFRICA, REPUBLIC OF 8.75000% 14-31.01.44 | 33 000 000.00 | 1 947 524.97 | 0.49 |
| ZAR | SOUTH AFRICA, REPUBLIC OF 8.87500% 15-28.02.35 | 18 000 000.00 | 1 131 754.33 | 0.29 |
| Total ZAR |  |  | 34 281 784.29 | 8.68 |
| Total Bonds, fixed rate |  | 228 773 149.41 | 57.93 |
| Bonds, floating rate |  |  |  |
| PLN |  |  |  |
| PLN	POLAND, REPUBLIC OF 2.750%/CPI LINKED 08-25.08.23 | 570 000.00 | 203 000.32 | 0.05 |
| Total PLN |  | 203 000.32 | 0.05 |
| Total Bonds, floating rate |  | 203 000.32 | 0.05 |
| Convertible bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	GLOBAL INVESTMENT FINANCIAL *DEFAULT* 11.00000% 96-06.04.06 | 2 000 000.00 | 20.00 | 0.00 |
| Total USD |  | 20.00 | 0.00 |
| Total Convertible bonds, fixed rate |  | 20.00 | 0.00 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 298 134 847.94 | 75.48 |

UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD)
Semi-Annual Report as of 30 November 2019
| Description	Quantity/ | Valuation in USD | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |
| Transferable securities and money market instruments traded on another regulated market |  |  |
| Treasury bills, zero coupon |  |  |
| NGN |  |  |
| NGN	NIGERIA OMO BILL 0.00000% 07.02.19-06.02.20	1 500 000 000.00 | 3 995 700.53 | 1.01 |
| Total NGN | 3 995 700.53 | 1.01 |
| USD |  |  |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 06.12.18-05.12.19	4 000 000.00 | 3 999 530.24 | 1.01 |
| Total USD | 3 999 530.24 | 1.01 |
| Total Treasury bills, zero coupon | 7 995 230.77 | 2.02 |
| Notes, fixed rate |  |  |
| COP |  |  |
| COP	COLOMBIA, REPUBLIC OF 7.75000% 10-14.04.21	10 010 000 000.00 | 2 932 922.63 | 0.74 |
| Total COP | 2 932 922.63 | 0.74 |
| PEN |  |  |
| PEN	PERU, REPUBLIC OF-REG-S 6.85000% 10-12.02.42	3 950 000.00 | 1 373 529.85 | 0.35 |
| PEN	PERU, REPUBLIC OF-REG-S 6.90000% 07-12.08.37	4 400 000.00 | 1 538 387.29 | 0.39 |
| Total PEN | 2 911 917.14 | 0.74 |
| PHP |  |  |
| PHP	PHILIPPINES, REPUBLIC OF THE 4.95000% 10-15.01.21	7 000 000.00 | 138 865.59 | 0.04 |
| Total PHP | 138 865.59 | 0.04 |
| Total Notes, fixed rate | 5 983 705.36 | 1.52 |
| Medium term notes, fixed rate |  |  |
| USD |  |  |
| USD	SHARP EQUIPAMENTOS ELETR-REG-S*DEFAULT* 9.62500% 97-30.10.05	1 080 000.00 | 10.80 | 0.00 |
| Total USD | 10.80 | 0.00 |
| ZAR |  |  |
| ZAR	TRANSNET SOC LTD-REG-S 9.50000% 13-13.05.21	6 740 000.00 | 468 888.37 | 0.12 |
| Total ZAR | 468 888.37 | 0.12 |
| Total Medium term notes, fixed rate | 468 899.17 | 0.12 |
| Medium term notes, floating rate |  |  |
| USD |  |  |
| USD	YPF SA-REG-S 3M BADLAR+400BP 16-07.07.20	115 000.00 | 17 979.04 | 0.01 |
| Total USD | 17 979.04 | 0.01 |
| Total Medium term notes, floating rate | 17 979.04 | 0.01 |
| Bonds, fixed rate |  |  |
| MYR |  |  |
| MYR	MALAYSIA 3.41800% 12-15.08.22	2 950 000.00 | 711 407.35 | 0.18 |
| MYR	MALAYSIA 3.62000% 16-30.11.21	16 950 000.00 | 4 101 900.00 | 1.04 |
| MYR	MALAYSIA 3.73300% 13-15.06.28	27 350 000.00 | 6 675 646.15 | 1.69 |
| MYR	MALAYSIA 3.80000% 16-17.08.23	3 100 000.00 | 757 769.45 | 0.19 |
| MYR	MALAYSIA 3.88500% 19-15.08.29	11 000 000.00 | 2 729 303.72 | 0.69 |
| MYR	MALAYSIA 3.95500% 15-15.09.25	900 000.00 | 222 323.60 | 0.06 |
| MYR	MALAYSIA 4.07000% 16-30.09.26	3 550 000.00 | 880 294.60 | 0.22 |
| MYR	MALAYSIA 4.16000% 11-15.07.21	2 600 000.00 | 633 301.23 | 0.16 |
| MYR	MALAYSIA 4.23200% 11-30.06.31	1 850 000.00 | 466 742.17 | 0.12 |
| MYR	MALAYSIA 4.25400% 15-31.05.35	500 000.00 | 126 400.46 | 0.03 |
| MYR	MALAYSIA 4.49800% 10-15.04.30	1 950 000.00 | 503 041.64 | 0.13 |
| MYR	MALAYSIA 4.76200% 17-07.04.37	9 980 000.00 | 2 696 351.55 | 0.68 |
| Total MYR | 20 504 481.92 | 5.19 |
| PEN |  |  |
| PEN	FONDO MIVIVIENDA SA-REG-S 7.00000% 17-14.02.24	4 125 000.00 | 1 354 473.09 | 0.34 |
| PEN	PERU, REPUBLIC OF 6.95000% 08-12.08.31	6 700 000.00 | 2 342 879.33 | 0.59 |
| Total PEN | 3 697 352.42 | 0.93 |
| PHP |  |  |
| PHP	PHILIPPINES, REPUBLIC OF THE 3.90000% 12-26.11.22	24 000 000.00 | 471 567.86 | 0.12 |
| Total PHP | 471 567.86 | 0.12 |
| PLN |  |  |
| PLN	POLAND, REPUBLIC OF 2.50000% 15-25.07.26	15 970 000.00 | 4 236 467.11 | 1.07 |
| Total PLN | 4 236 467.11 | 1.07 |
| RUB |  |  |
| RUB	RUSSIA, FEDERATION OF 7.60000% 11-14.04.21	185 500 000.00 | 2 957 696.05 | 0.75 |
| RUB	RUSSIA, FEDERATION OF 8.15000% 12-03.02.27	268 700 000.00 | 4 641 565.71 | 1.18 |
| RUB	RUSSIA, FEDERATION OF 6.80000% 12-11.12.19	105 921 000.00 | 1 648 029.91 | 0.42 |
| RUB	RUSSIA, FEDERATION OF 7.00000% 13-25.01.23	49 500 000.00 | 794 641.75 | 0.20 |
| RUB	RUSSIA, FEDERATION OF 7.50000% 15-18.08.21	224 870 000.00 | 3 594 176.26 | 0.91 |
| RUB	RUSSIA, FEDERATION OF 8.50000% 15-17.09.31	29 500 000.00 | 537 389.30 | 0.14 |
| RUB	RUSSIA, FEDERATION OF 7.75000% 16-16.09.26	206 150 000.00 | 3 477 798.94 | 0.88 |
| RUB	RUSSIA, FEDERATION OF 7.70000% 17-23.03.33	200 780 000.00 | 3 442 032.13 | 0.87 |

UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD) Semi-Annual Report as of 30 November 2019
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| RUB | RUSSIA, FEDERATION OF 7.10000% 17-16.10.24 | 35 000 000.00 | 566 344.33 | 0.14 |
| RUB | RUSSIA, FEDERATION OF 7.25000% 18-10.05.34 | 190 900 000.00 | 3 156 785.62 | 0.80 |
| RUB | VNESHECONOMBANK STEP-DOWN 10-13.10.20 | 25 000 000.00 | 398 903.07 | 0.10 |
| Total RUB |  |  | 25 215 363.07 | 6.39 |
| Total Bonds, fixed rate | 54 125 232.38 | 13.70 |
| Total Transferable securities and money market instruments traded on another regulated market | 68 591 046.72 | 17.37 |

Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market
Bearer shares
| Mexico |  |
| --- | --- |
| MXN | HIPOTECARIA SU CASITA SA DE CV | 15 777.00 | 0.01 | 0.00 |
| Total Mexico |  | 0.01 | 0.00 |
| Total Bearer shares |  | 0.01 | 0.00 |
| Investment funds, closed end |  |  |  |
| Bermuda |  |  |  |
| USD	SIDEK CREDITOR TRUST-B1 | 889 210.59 | 8.89 | 0.00 |
| USD	SIDEK CREDITOR TRUST-A1 | 222 274.28 | 2.22 | 0.00 |
| Total Bermuda |  | 11.11 | 0.00 |
| Total Investment funds, closed end |  | 11.11 | 0.00 |
| Domestic Certificates of Deposits, zero coupon |  |  |  |
| USD |  |  |  |
| USD	LOJAS ARAPUA INTL INC-DEFAULT CD 0.00000% 10.06.97-05.06.98 | 1 000 000.00 | 10.00 | 0.00 |
| Total USD |  | 10.00 | 0.00 |
| Total Domestic Certificates of Deposits, zero coupon |  | 10.00 | 0.00 |
| Notes, fixed rate |  |  |  |
| PEN |  |  |  |
| PEN	PERU, REPUBLIC OF-REG-S 6.35000% 16-12.08.28 | 14 250 000.00 | 4 829 473.60 | 1.22 |
| PEN	TELEFONICA DEL PERU SAA-REG-S 7.37500% 19-10.04.27 | 5 000 000.00 | 1 571 922.34 | 0.40 |
| Total PEN |  | 6 401 395.94 | 1.62 |
| Total Notes, fixed rate |  | 6 401 395.94 | 1.62 |
| Bonds, fixed rate |  |  |  |
| COP |  |  |  |
| COP	COLOMBIA, REPUBLIC OF-REG-S 6.00000% 12-28.04.28 | 572 000 000.00 | 159 223.38 | 0.04 |
| Total COP |  | 159 223.38 | 0.04 |
| PEN |  |  |  |
| PEN	PERU, REPUBLIC OF-REG-S 5.35000% 19-12.08.40 | 1 700 000.00 | 498 510.81 | 0.13 |
| Total PEN |  | 498 510.81 | 0.13 |
| UAH |  |  |  |
| UAH	UKRAINE, GOVERNMENT OF-REG-S 14.64000% 17-10.06.20 | 104 000 000.00 | 4 348 257.15 | 1.10 |
| Total UAH |  | 4 348 257.15 | 1.10 |
| Total Bonds, fixed rate |  | 5 005 991.34 | 1.27 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market |  | 11 407 408.40 | 2.89 |
| Total investments in securities |  | 378 133 303.06 | 95.74 |

| Derivative instruments |  |  |
| --- | --- | --- |
| Derivative instruments not listed on an official stock exchange and not traded on | another regulated market |
| Swaps and forward swaps on interest rates |  |
|  |  |  |  |
| PLN	BARCLAYS/INTEREST RATE SWAP REC 2.14250% 17-17.01.20 PLN	BARCLAYS/INTEREST RATE SWAP PAYER 6MWIB 17-17.01.20 | 5 000 000.00 | 15 814.81 | 0.00 |
| MXN	GOLDMAN SACHS/INTEREST RATE SWAP REC 7.24500% 17-06.02.20 MXN	GOLDMAN SACHS/INTEREST RATE SWAP PAYER MXI 17-06.02.20 | 36 500 000.00 | -2 022.58 | 0.00 |
| PLN	LCH/INTEREST RATE SWAP REC 2.38500% 17-15.05.22 PLN	LCH/INTEREST RATE SWAP PAYER 6MWIB 17-15.05.22 | 4 750 000.00 | 35 889.63 | 0.01 |
| MXN	CME/INTEREST RATE SWAP REC 7.27500% 17-06.05.22 MXN	CME/INTEREST RATE SWAP PAYER MXI 17-06.05.22 | 42 000 000.00 | 25 945.51 | 0.01 |
| MXN	CME/INTEREST RATE SWAP REC 7.99500% 17-22.12.22 MXN	CME/INTEREST RATE SWAP PAYER MXI 17-22.12.22 | 70 000 000.00 | 130 773.21 | 0.03 |
| BRL	BANK OF AMERICA/INTEREST RATE SWAP REC 9.76000% 17-02.01.23 BRL	BANK OF AMERICA/INTEREST RATE SWAP PAYER BZD 17-02.01.23 | 15 800 000.00 | 504 629.58 | 0.13 |
| BRL	GOLDMAN SACHS/INTEREST RATE SWAP REC 8.60000% 18-02.01.21 BRL	GOLDMAN SACHS/INTEREST RATE SWAP PAYER BZD 18-02.01.21 | 50 000 000.00 | 865 001.97 | 0.22 |
| CLP	HSBC/INTEREST RATE SWAP REC 4.43250% 18-01.10.28 CLP	HSBC/INTEREST RATE SWAP PAYER CLICP 18-01.10.28 | 1 400 000 000.00 | 198 827.50 | 0.05 |

UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD)
Semi-Annual Report as of 30 November 2019
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 8.78500% 18-26.10.28 | 30 000 000.00 | 203 894.60 | 0.05 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 18-26.10.28 |  |  |  |
| CLP | CREDIT SUISSE/INTEREST RATE SWAP REC 4.04000% 19-04.02.29 | 1 000 000 000.00 | 104 464.60 | 0.02 |
| CLP | CREDIT SUISSE/INTEREST RATE SWAP PAYER CLICP 19-04.02.29 |  |  |  |
| CLP | BARCLAYS/INTEREST RATE SWAP REC 3.88000% 19-13.05.29 | 1 000 000 000.00 | 80 609.99 | 0.02 |
| CLP | BARCLAYS/INTEREST RATE SWAP PAYER CLICP 19-13.05.29 |  |  |  |
| CLP | CREDIT SUISSE/INTEREST RATE SWAP REC 2.88000% 19-05.08.29 | 3 000 000 000.00 | -84 072.40 | -0.02 |
| CLP | CREDIT SUISSE/INTEREST RATE SWAP PAYER CLICP 19-05.08.29 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.76500% 19-10.10.29 | 43 000 000.00 | -25 809.44 | -0.01 |
| MXN | CME/INTEREST RATE SWAP PAYER MXIBTIIE19-10.10.29 |  |  |  |
| CLP | BANK OF AMERICA/INTEREST RATE SWAP REC 3.13000% 19-19.11.29 | 900 000 000.00 | -4 623.33 | 0.00 |
| CLP | BANK OF AMERICA/INTEREST RATE SWAP PAYER CLICP 19-19.11.29 |  |  |  |
| BRL | BARCLAYS/INTEREST RATE SWAP REC 5.72250% 19-02.01.23 | 23 000 000.00 | -8 199.94 | 0.00 |
| BRL | BARCLAYS/INTEREST RATE SWAP PAYER BZD 19-02.01.23 |  |  |  |
| Total Swaps and forward swaps on interest rates |  | 2 041 123.71 | 0.51 |
| Swaps and forward swaps on currencies |  |  |  |
|  |  |  |  |
| TRY	GOLDMAN SACHS/CCY SWAP USD/TRY REC 10.87000% 17-15.05.22 | 3 800 000.00 | -361 952.68 | -0.09 |
| TRY	GOLDMAN SACHS/CCY SWAP USD/TRY PAYER 3ML 17-15.05.22 |  |  |  |
| Total Swaps and forward swaps on currencies |  | -361 952.68 | -0.09 |
| Swaps and forward swaps on cross currencies |  |  |  |
|  |  |  |  |
| TRY	BARCLAYS/CCY SWAP TRY/USD REC 11.41000% 17-10.02.20 | 8 200 000.00 | -756 629.81 | -0.19 |
| TRY	BARCLAYS/CCY SWAP TRY/USD PAYER 3ML 17-10.02.20 |  |  |  |
| Total Swaps and forward swaps on cross currencies |  | -756 629.81 | -0.19 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  | 922 541.22 | 0.23 |
| Total Derivative instruments |  | 922 541.22 | 0.23 |
| Forward Foreign Exchange contracts |  |  |  |
| Forward Foreign Exchange contracts (Purchase/Sale) |  |  |  |

| USD | 3 183 994.16 | HKD | 24 800 000.00 | 18.6.2020 | 18 621.04 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| BRL | 9 670 000.00 | USD | 2 332 931.24 | 18.12.2019 | -48 053.49 | -0.01 |
| MYR | 7 858 000.00 | USD | 1 876 313.28 | 18.12.2019 | 1 696.22 | 0.00 |
| USD | 6 380 591.78 | CNY | 45 500 000.00 | 18.12.2019 | -91 487.83 | -0.02 |
| USD | 1 674 740.79 | TRY | 9 960 000.00 | 18.12.2019 | -51 304.85 | -0.01 |
| PHP | 9 000 000.00 | USD | 172 084.13 | 18.12.2019 | 4 838.64 | 0.00 |
| IDR | 53 120 000 000.00 | USD | 3 725 366.44 | 18.12.2019 | 33 645.70 | 0.01 |
| USD | 3 065 801.39 | RUB | 203 140 000.00 | 18.12.2019 | -86 497.48 | -0.02 |
| BRL | 610 000.00 | USD | 148 058.25 | 18.12.2019 | -3 924.29 | 0.00 |
| CLP | 7 276 000 000.00 | USD | 10 179 783.14 | 18.12.2019 | -1 151 997.87 | -0.29 |
| USD | 429 183.29 | COP | 1 457 000 000.00 | 18.12.2019 | 16 204.25 | 0.00 |
| TRY | 2 250 000.00 | USD | 378 436.65 | 18.12.2019 | 11 483.30 | 0.00 |
| MXN | 164 960 000.00 | USD | 8 366 729.75 | 18.12.2019 | 70 754.10 | 0.02 |
| MXN | 61 600 000.00 | USD | 3 123 503.06 | 18.12.2019 | 27 254.73 | 0.01 |
| USD | 4 944 920.44 | BRL | 20 200 000.00 | 18.12.2019 | 171 959.68 | 0.04 |
| COP | 582 000 000.00 | USD | 172 522.14 | 18.12.2019 | -7 557.28 | 0.00 |
| TRY | 19 200 000.00 | USD | 3 282 405.89 | 18.12.2019 | 44 911.00 | 0.01 |
| CZK | 50 320 000.00 | USD | 2 158 429.22 | 18.12.2019 | 14 467.74 | 0.00 |
| USD | 1 284 840.75 | ZAR | 18 910 000.00 | 18.12.2019 | -2 488.10 | 0.00 |
| PLN | 14 610 000.00 | USD | 3 734 730.36 | 18.12.2019 | 560.32 | 0.00 |
| USD | 224 166.46 | THB | 6 800 000.00 | 18.12.2019 | -947.91 | 0.00 |
| USD | 5 084 157.12 | TRY | 29 820 000.00 | 18.12.2019 | -83 581.93 | -0.02 |
| RON | 7 297 000.00 | USD | 1 706 088.29 | 18.12.2019 | -25 413.49 | -0.01 |
| HUF | 908 300 000.00 | USD | 3 042 760.28 | 18.12.2019 | -44 480.50 | -0.01 |
| USD | 224 316.07 | TRY | 1 320 000.00 | 18.12.2019 | -4 436.97 | 0.00 |
| IDR | 3 340 000 000.00 | USD | 234 080.43 | 18.12.2019 | 2 273.12 | 0.00 |
| USD | 604 004.00 | MXN | 12 100 000.00 | 18.12.2019 | -14 894.85 | 0.00 |
| USD | 570 972.79 | PLN | 2 290 000.00 | 18.12.2019 | -14 503.98 | 0.00 |
| CZK | 4 810 000.00 | USD | 203 836.10 | 18.12.2019 | 3 867.29 | 0.00 |
| TRY | 2 240 000.00 | USD | 381 892.69 | 18.12.2019 | 6 294.28 | 0.00 |
| THB | 14 700 000.00 | USD | 480 362.33 | 18.12.2019 | 6 281.98 | 0.00 |
| USD | 239 756.00 | ZAR | 3 710 000.00 | 18.12.2019 | -12 808.25 | 0.00 |
| RON | 2 920 000.00 | USD | 670 149.45 | 18.12.2019 | 2 396.86 | 0.00 |
| USD | 363 362.13 | CLP | 265 000 000.00 | 18.12.2019 | 34 560.16 | 0.01 |
| USD | 255 449.56 | HUF | 78 100 000.00 | 18.12.2019 | -2 356.95 | 0.00 |
| TRY | 10 300 000.00 | USD | 1 765 610.87 | 18.12.2019 | 19 356.01 | 0.00 |
| MXN | 30 600 000.00 | USD | 1 534 024.90 | 18.12.2019 | 31 124.26 | 0.01 |
| COP | 5 460 000 000.00 | USD | 1 571 358.68 | 18.12.2019 | -23 750.20 | -0.02 |
| ZAR | 24 000 000.00 | USD | 1 571 885.16 | 18.12.2019 | 61 953.67 | 0.01 |
| USD | 3 323 210.81 | ZAR | 50 500 000.00 | 18.12.2019 | -114 658.40 | -0.03 |
| USD | 1 600 040.22 | TRY | 9 420 000.00 | 18.12.2019 | -32 424.63 | -0.01 |
| USD | 193 247.28 | BRL | 795 000.00 | 18.12.2019 | 5 400.56 | 0.00 |
| TRY | 13 800 000.00 | USD | 2 290 707.74 | 18.12.2019 | 100 801.28 | 0.02 |
| BRL | 846 000.00 | USD | 203 126.13 | 18.12.2019 | -3 228.86 | 0.00 |
| MXN | 4 210 000.00 | USD | 216 293.93 | 18.12.2019 | -958.05 | 0.00 |
| RUB | 12 000 000.00 | USD | 184 853.99 | 18.12.2019 | 1 360.38 | 0.00 |
| IDR | 4 140 000 000.00 | USD | 289 855.07 | 18.12.2019 | 3 110.11 | 0.00 |
| THB | 5 020 000.00 | USD | 165 005.65 | 18.12.2019 | 1 181.73 | 0.00 |
| PLN | 656 000.00 | USD | 168 038.94 | 18.12.2019 | -321.58 | 0.00 |
| TRY | 5 488 800.00 | USD | 920 175.20 | 18.12.2019 | 31 021.52 | 0.01 |
| COP | 782 000 000.00 | USD | 226 765.26 | 18.12.2019 | -5 111.44 | 0.00 |
| USD | 186 640.76 | CNY | 1 320 000.00 | 18.12.2019 | -1 120.67 | 0.00 |
| GBP | 640 000.00 | USD | 826 398.27 | 18.12.2019 | 2 048.57 | 0.00 |
| BRL | 6 900 000.00 | USD | 1 715 113.23 | 18.12.2019 | -84 745.44 | -0.02 |
| PLN | 880 000.00 | USD | 228 438.70 | 18.12.2019 | -3 451.99 | 0.00 |
| USD | 986 346.75 | BRL | 3 930 000.00 | 18.12.2019 | 57 745.97 | 0.01 |

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

Forward Foreign Exchange contracts (Continued)
Forward Foreign Exchange contracts (Purchase/Sale)
| ZAR | 21 000 000.00 | USD | 1 390 095.66 | 18.12.2019 | 39 513.32 | 0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| PEN | 621 000.00 | USD | 186 329.81 | 18.12.2019 | -3 790.48 | 0.00 |
| USD | 189 715.57 | IDR | 2 670 000 000.00 | 18.12.2019 | 774.26 | 0.00 |
| USD | 188 868.15 | TRY | 1 090 000.00 | 18.12.2019 | -26.40 | 0.00 |
| USD | 430 594.13 | PLN | 1 640 000.00 | 18.12.2019 | 11 300.72 | 0.00 |
| RON | 3 060 000.00 | USD | 718 361.63 | 18.12.2019 | -13 569.95 | 0.00 |
| USD | 503 833.14 | MXN | 9 680 000.00 | 18.12.2019 | 8 714.06 | 0.00 |
| CZK | 6 150 000.00 | USD | 268 520.26 | 18.12.2019 | -2 953.56 | 0.00 |
| USD | 206 712.09 | HKD | 1 620 000.00 | 18.12.2019 | -205.60 | 0.00 |
| COP | 699 000 000.00 | USD | 210 288.81 | 18.12.2019 | -12 160.91 | 0.00 |
| BRL | 1 160 000.00 | USD | 289 486.16 | 18.12.2019 | -15 395.34 | 0.00 |
| IDR | 3 530 000 000.00 | USD | 251 138.30 | 18.12.2019 | -1 339.49 | 0.00 |
| RUB | 21 400 000.00 | USD | 335 978.77 | 18.12.2019 | -3 896.48 | 0.00 |
| MYR | 1 150 000.00 | USD | 277 543.14 | 18.12.2019 | -2 700.82 | 0.00 |
| COP | 1 020 000 000.00 | USD | 305 100.56 | 18.12.2019 | -15 986.89 | 0.00 |
| MYR | 1 240 000.00 | USD | 300 387.60 | 18.12.2019 | -4 035.88 | 0.00 |
| TRY | 2 040 000.00 | USD | 350 687.92 | 18.12.2019 | 2 839.50 | 0.00 |
| CZK | 4 340 000.00 | USD | 188 448.09 | 18.12.2019 | -1 040.05 | 0.00 |
| BRL | 2 150 000.00 | USD | 524 070.69 | 18.12.2019 | -16 057.54 | 0.00 |
| CNY | 22 900 000.00 | USD | 3 283 154.12 | 18.12.2019 | -25 777.79 | -0.01 |
| MXN | 12 200 000.00 | USD | 631 435.19 | 18.12.2019 | -7 421.47 | 0.00 |
| ZAR | 8 480 000.00 | USD | 565 691.30 | 18.12.2019 | 11 598.42 | 0.00 |
| CZK | 5 410 000.00 | USD | 233 633.05 | 18.12.2019 | -20.72 | 0.00 |
| PLN | 2 160 000.00 | USD | 556 341.70 | 18.12.2019 | -4 101.60 | 0.00 |
| TRY | 1 370 000.00 | USD | 234 841.25 | 18.12.2019 | 2 576.67 | 0.00 |
| RON | 867 000.00 | USD | 200 296.86 | 18.12.2019 | -605.88 | 0.00 |
| IDR | 7 990 000 000.00 | USD | 565 143.58 | 18.12.2019 | 265.06 | 0.00 |
| BRL | 2 630 000.00 | USD | 629 156.50 | 18.12.2019 | -7 726.46 | 0.00 |
| EUR | 46 764 600.00 | USD | 51 500 217.22 | 4.12.2019 | 69 755.11 | 0.02 |
| USD | 564 302.53 | HKD | 4 420 000.00 | 18.12.2019 | -250.68 | 0.00 |
| MXN | 22 200 000.00 | USD | 1 150 420.42 | 18.12.2019 | -14 920.05 | 0.00 |
| THB | 40 000 000.00 | USD | 1 322 008.13 | 18.12.2019 | 2 194.06 | 0.00 |
| MYR | 4 480 000.00 | USD | 1 081 603.09 | 18.12.2019 | -10 913.02 | 0.00 |
| IDR | 11 500 000 000.00 | USD | 815 660.69 | 18.12.2019 | -1 868.53 | 0.00 |
| RUB | 70 900 000.00 | USD | 1 107 812.50 | 18.12.2019 | -7 595.95 | 0.00 |
| BRL | 22 200 000.00 | USD | 5 317 110.56 | 18.12.2019 | -71 579.43 | -0.02 |
| COP | 5 340 000 000.00 | USD | 1 558 073.24 | 18.12.2019 | -44 478.13 | -0.01 |
| USD | 529 145.81 | CNY | 3 710 000.00 | 18.12.2019 | 1 422.40 | 0.00 |
| CLP | 1 250 000 000.00 | USD | 1 619 170.98 | 18.12.2019 | -68 218.31 | -0.02 |
| CLP | 311 000 000.00 | USD | 391 268.79 | 18.12.2019 | -5 391.77 | 0.00 |
| USD | 2 049 734.08 | COP | 7 130 000 000.00 | 18.12.2019 | 28 772.82 | 0.01 |
| USD | 617 178.19 | EUR | 560 700.00 | 4.12.2019 | -1 137.45 | 0.00 |
| USD | 1 993 515.21 | MXN | 39 100 000.00 | 18.12.2019 | -6 397.61 | 0.00 |
| CLP | 1 510 000 000.00 | USD | 1 875 776.40 | 18.3.2020 | 1 848.83 | 0.00 |
| USD | 1 257 195.32 | TRY | 7 260 000.00 | 18.12.2019 | -946.38 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | -1 320 268.20 | -0.33 |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 10 485 246.57 * | 2.65 |
| Bank overdraft and other short-term liabilities | -75 032.18 | -0.02 |
| Other assets and liabilities | 6 819 385.48 | 1.73 |
| Total net assets | 394 965 175.95 | 100.00 |
| * As at 30 November 2019, cash amounts serve as collateral for the counterparty Barclays for an amount of USD 1 460 000.00. |  |  |

UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD)
Semi-Annual Report as of 30 November 2019

Translation (ENDE, 2019-11-30):
# UBS (Lux) Bond SICAV
– Emerging Economies Local Currency Bond (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Nettovermögen in USD |  | 394 965 175.95 | 297 327 482.25 | 208 540 910.78 |
| Klasse I-A1-acc | LU1390335583 |  |  |  |
| Aktien im Umlauf |  | 47 396.8310 | 47 396.8310 | 57 024.1460 |
| Nettoinventarwert pro Aktie in USD |  | 115.66 | 109.57 | 109.76 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 115.66 | 109.57 | 109.76 |
| Klasse I-B-acc 2 | LU1881004227 |  |  |  |
| Aktien im Umlauf |  | 45 817.3540 | 28 107.3540 | - |
| Nettoinventarwert pro Aktie in USD |  | 112.55 | 106.35 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 112.55 | 106.35 | - |
| Klasse I-X-acc | LU1131112325 |  |  |  |
| Aktien im Umlauf |  | 1 990 724.2740 | 1 933 078.7440 | 1 480 368.9330 |
| Nettoinventarwert pro Aktie in USD |  | 102.28 | 96.59 | 96.16 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 102.28 | 96.59 | 96.16 |
| Klasse K-1-acc 3 | LU0775388019 |  |  |  |
| Aktien im Umlauf |  | 0.5000 | 0.5000 | - |
| Nettoinventarwert pro Aktie in USD |  | 5 567 361.36 | 5 282 398.28 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 5 567 361.36 | 5 282 398.28 | - |
| Klasse P-acc | LU0775387714 |  |  |  |
| Aktien im Umlauf |  | 237 221.5890 | 253 348.3640 | 207 362.0220 |
| Nettoinventarwert pro Aktie in USD |  | 91.46 | 87.03 | 87.97 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 91.46 | 87.03 | 87.97 |
| Klasse (EUR hedged) P-acc 4 | LU2064626802 |  |  |  |
| Aktien im Umlauf |  | 186 361.3390 | - | - |
| Nettoinventarwert pro Aktie in EUR |  | 99.61 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 99.61 | - | - |
| Klasse P-dist | LU0775387805 |  |  |  |
| Aktien im Umlauf |  | 896.1780 | 392.0530 | 372.8950 |
| Nettoinventarwert pro Aktie in USD |  | 65.50 | 65.18 | 69.65 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 65.50 | 65.18 | 69.65 |
| Klasse (EUR hedged) P-dist 4 | LU2064626984 |  |  |  |
| Aktien im Umlauf |  | 228 909.5780 | - | - |
| Nettoinventarwert pro Aktie in EUR |  | 99.61 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 99.61 | - | - |
| Klasse P-mdist 3 | LU0775387987 |  |  |  |
| Aktien im Umlauf |  | 11 584.1230 | 11 711.5790 | - |
| Nettoinventarwert pro Aktie in USD |  | 100.58 | 98.11 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 100.58 | 98.11 | - |
| Klasse Q-acc | LU1240772902 |  |  |  |
| Aktien im Umlauf |  | 277 792.5180 | 169 691.0730 | 53 586.5560 |
| Nettoinventarwert pro Aktie in USD |  | 114.81 | 108.88 | 109.30 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 114.81 | 108.88 | 109.30 |
| Klasse (EUR hedged) Q-acc 4 | LU2064627016 |  |  |  |
| Aktien im Umlauf |  | 44 400.1480 | - | - |
| Nettoinventarwert pro Aktie in EUR |  | 99.64 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 99.64 | - | - |
| Klasse (EUR hedged) Q-dist 4 | LU2064627107 |  |  |  |
| Aktien im Umlauf |  | 12 822.3450 | - | - |
| Nettoinventarwert pro Aktie in EUR |  | 99.64 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 99.64 | - | - |
| Klasse U-X-acc | LU0775388282 |  |  |  |
| Aktien im Umlauf |  | 3 918.4990 | 3 442.4990 | 3 715.4990 |
| Nettoinventarwert pro Aktie in USD |  | 10 251.24 | 9 681.17 | 9 637.37 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 10 251.24 | 9 681.17 | 9 637.37 |
| Klasse U-X-UKdist-mdist 5 | LU1957417519 |  |  |  |
| Aktien im Umlauf |  | 3 085.8210 | 2 517.8210 | - |
| Nettoinventarwert pro Aktie in USD |  | 10 061.87 | 9 831.03 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 10 061.87 | 9 831.03 | - |
| 1  Siehe Erläuterung 1 2  Erste NAV 25.9.2018 3  Erste NAV 22.6.2018 4  Erste NAV 15.11.2019 5  Erste NAV 26.3.2019 |  |  |  |  |

UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD) Halbjahresbericht per 30. November 2019

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Südafrika | 9.79 |
| --- | --- |
| Russische Föderation (GUS) | 9.29 |
| Thailand | 8.81 |
| Brasilien | 8.36 |
| Polen | 7.65 |
| Indonesien | 7.23 |
| Mexiko | 6.56 |
| Kolumbien | 5.70 |
| Malaysia | 5.19 |
| Türkei | 4.02 |
| Peru | 3.99 |
| Ungarn | 3.49 |
| Tschechische Republik | 3.13 |
| Rumänien | 1.93 |
| Ukraine | 1.58 |
| Nigeria | 1.54 |
| Vereinigte Staaten | 1.01 |
| Supranational | 0.90 |
| Grossbritannien | 0.82 |
| Cayman-Inseln | 0.40 |
| Ägypten | 0.39 |
| Chile | 0.39 |
| Indien | 0.38 |
| Mongolei | 0.36 |
| Sri Lanka | 0.33 |
| El Salvador | 0.27 |
| Ecuador | 0.27 |
| Oman | 0.25 |
| Philippinen | 0.23 |
| Ghana | 0.22 |
| Argentinien | 0.21 |
| Pakistan | 0.21 |
| Dominikanische Republik | 0.19 |
| Uruguay | 0.17 |
| Bahrain | 0.17 |
| Griechenland | 0.13 |
| Kasachstan | 0.13 |
| Serbien | 0.05 |
| Total | 95.74 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Länder- & Zentralregierungen | 87.88 |
| --- | --- |
| Supranationale Organisationen | 2.00 |
| Diverse nicht klassierte Gesellschaften | 1.01 |
| Banken & Kreditinstitute | 1.00 |
| Energie- & Wasserversorgung | 0.91 |
| Kantone, Bundesstaaten | 0.73 |
| Finanz- & Beteiligungsgesellschaften | 0.62 |
| Diverse Dienstleistungen | 0.49 |
| Telekommunikation | 0.40 |
| Nichteisenmetalle | 0.39 |
| Erdöl | 0.19 |
| Verkehr & Transport | 0.12 |
| Total | 95.74 |

UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD)
Halbjahresbericht per 30. November 2019

## Nettovermögensaufstellung
Aktiva	30.11.2019
USD
Wertpapierbestand, Einstandswert	385 733 736.75
Wertpapierbestand, nicht realisierte Werterhöhung (-minderung)	7 600 433.69
Total Wertpapierbestand (Erläuterung 1)	378 133 303.06
Bankguthaben, Sicht- und Fristgelder	10 485 246.57*
Forderungen aus Wertpapierverkäufen (Erläuterung 1)	398 659.16
Forderungen aus Zeichnungen	171 008.02
Zinsforderungen aus Wertpapieren	6 852 310.62
Zinsforderungen aus liquiden Mitteln	2 705.98
Forderungen aus Dividenden	233.03
Sonstige Forderungen	98 731.45
Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1)	-1 320 268.20
Total Aktiva	395 744 470.91
Passiva
Nicht realisierter Kursgewinn (-verlust) aus Swaps (Erläuterung 1)	922 541.22
Kontokorrentkredit	-19 892.67
Andere kurzfristige Verbindlichkeiten (Margins)	-55 139.51
Zinsverbindlichkeiten aus Kontokorrentkredit	-54.28
Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1)	-518 405.57
Verbindlichkeiten aus Rücknahmen	-89 483.29
Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2)	-55 112.90
Rückstellungen für Abonnementsabgabe (Erläuterung 3)	-13 580.51
Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2)		-27 626.23		 Total Rückstellungen für Aufwendungen			-96 319.64
Total Passiva	-779 294.96
Nettovermögen am Ende der Berichtsperiode	394 965 175.95

## Ertrags- und Aufwandsrechnung
Erträge	1.6.2019-30.11.2019
USD
Zinsertrag auf liquide Mittel	88 861.20
Zinsen auf Wertpapiere	8 411 950.97
Zinsertrag auf Swaps (Erläuterung 1)	1 040 346.34
Erträge aus Securities Lending (Erläuterung 13)	7 566.00
Total Erträge	9 628 029.87
Aufwendungen
Sonstige Erträge (Erläuterung 4)	79 305.36
Zinsaufwand auf Swaps (Erläuterung 1)	-805 070.56
Pauschale Verwaltungskommission (Erläuterung 2)	-353 590.26
Abonnementsabgabe (Erläuterung 3)	-29 036.13
Kosten aus Securities Lending (Erläuterung 13)	-3 026.40
Sonstige Kommissionen und Gebühren (Erläuterung 2)	-18 407.97
Total Aufwendungen	-1 214 965.40
Nettoerträge (-verluste) aus Anlagen	8 413 064.47
Realisierte Gewinne (Verluste) (Erläuterung 1)
Zinsaufwand auf liquide Mittel und Kontokorrentkredit	-5 834.08
Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen	-2 501 464.19
Realisierter Kursgewinn (-verlust) aus renditebewerteten Wertpapieren und Geldmarktinstrumenten	190 009.36
Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten	-145 149.36
Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten	-2 221 196.67
Realisierter Kursgewinn (-verlust) aus Swaps	-1 184 016.49
Realisierter Nettogewinn (-verlust) der Berichtsperiode	2 450 876.53
Total der realisierten Gewinne (Verluste)	-5 962 187.94
Realisierter Währungsgewinn (-verlust)	-100 370.59
Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1)
Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen	12 464 890.33
Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente	-1 088 641.27 Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten		33 867.18
Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten	471 801.53
Total der Veränderungen der nicht realisierten Werterhöhung (-minderung)	14 418 041.29
Nicht realisierte Werterhöhung (-minderung) von Swaps	2 536 123.52
Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit	16 868 917.82
* Zum 30. November 2019 wurden gegenüber Barclays Bankguthaben in Höhe von USD 1 460 000.00 als Sicherheit eingesetzt.
UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD) Halbjahresbericht per 30. November 2019
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-30.11.2019 |
| Nettovermögen zu Beginn der Berichtsperiode | 297 327 482.25 |
| Zeichnungen | 96 060 744.02 |
| Rücknahmen | 	-14 259 484.13	 |
| Total Mittelzufluss (-abfluss) | 81 801 259.89 |
| Ausbezahlte Dividende | -1 032 484.01 |
| Nettoerträge (-verluste) aus Anlagen | 8 413 064.47 |
| Total der realisierten Gewinne (Verluste) | -5 962 187.94 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	14 418 041.29	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 16 868 917.82 |
| Nettovermögen am Ende der Berichtsperiode | 394 965 175.95 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2019-30.11.2019 |
| Klasse | I-A1-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 47 396.8310 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 47 396.8310 |
| Klasse | I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 28 107.3540 |
| Anzahl der ausgegebenen Aktien | 17 710.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 45 817.3540 |
| Klasse | I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 1 933 078.7440 |
| Anzahl der ausgegebenen Aktien | 161 640.6630 |
| Anzahl der zurückgegebenen Aktien | -103 995.1330 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 1 990 724.2740 |
| Klasse | K-1-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 0.5000 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 0.5000 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 253 348.3640 |
| Anzahl der ausgegebenen Aktien | 832.5970 |
| Anzahl der zurückgegebenen Aktien | -16 959.3720 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 237 221.5890 |
| Klasse | (EUR hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 0.0000 |
| Anzahl der ausgegebenen Aktien | 186 968.7350 |
| Anzahl der zurückgegebenen Aktien | -607.3960 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 186 361.3390 |
| Klasse | P-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 392.0530 |
| Anzahl der ausgegebenen Aktien | 604.1360 |
| Anzahl der zurückgegebenen Aktien | -100.0110 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 896.1780 |
| Klasse | (EUR hedged) P-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 0.0000 |
| Anzahl der ausgegebenen Aktien | 230 172.2850 |
| Anzahl der zurückgegebenen Aktien | -1 262.7070 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 228 909.5780 |
| Klasse | P-mdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 11 711.5790 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -127.4560 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 11 584.1230 |
| Klasse | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 169 691.0730 |
| Anzahl der ausgegebenen Aktien | 115 291.9650 |
| Anzahl der zurückgegebenen Aktien | -7 190.5200 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 277 792.5180 |
| Klasse | (EUR hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 0.0000 |
| Anzahl der ausgegebenen Aktien | 45 155.1350 |
| Anzahl der zurückgegebenen Aktien | -754.9870 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 44 400.1480 |

UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD)
Halbjahresbericht per 30. November 2019
| Klasse |  |  | (EUR hedged) Q-dist |
| --- | --- | --- | --- |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  |  | 0.0000 |
| Anzahl der ausgegebenen Aktien |  |  | 12 822.3450 |
| Anzahl der zurückgegebenen Aktien |  |  | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  |  | 12 822.3450 |
| Klasse |  |  | U-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  |  | 3 442.4990 |
| Anzahl der ausgegebenen Aktien |  |  | 502.0000 |
| Anzahl der zurückgegebenen Aktien |  |  | -26.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  |  | 3 918.4990 |
| Klasse |  |  | U-X-UKdist-mdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  |  | 2 517.8210 |
| Anzahl der ausgegebenen Aktien |  |  | 630.0000 |
| Anzahl der zurückgegebenen Aktien |  |  | -62.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  |  | 3 085.8210 |
| Jährliche Ausschüttung 1 |  |  |  |
| UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD)	Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| P-dist	1.8.2019 | 6.8.2019 | USD | 2.99 |
| Monatliche Ausschüttung 1 |  |  |  |
| UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD)	Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| P-mdist	17.6.2019 | 20.6.2019 | USD | 0.41 |
| P-mdist	15.7.2019 | 18.7.2019 | USD | 0.43 |
| P-mdist	16.8.2019 | 21.8.2019 | USD | 0.43 |
| P-mdist	16.9.2019 | 19.9.2019 | USD | 0.42 |
| P-mdist	15.10.2019 | 18.10.2019 | USD | 0.42 |
| P-mdist	15.11.2019 | 20.11.2019 | USD | 0.41 |
| U-X-UKdist-mdist	17.6.2019 | 20.6.2019 | USD | 55.88 |
| U-X-UKdist-mdist	15.7.2019 | 18.7.2019 | USD | 63.17 |
| U-X-UKdist-mdist	30.7.2019 | 2.8.2019 | USD | 49.58 |
| U-X-UKdist-mdist	16.8.2019 | 21.8.2019 | USD | 69.09 |
| U-X-UKdist-mdist	15.10.2019 | 18.10.2019 | USD | 30.45 |
| U-X-UKdist-mdist	15.11.2019 | 20.11.2019 | USD | 79.12 |
| 1  Siehe Erläuterung 5 |  |  |  |

UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD) Halbjahresbericht per 30. November 2019

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  |  |
| Treasury-Bills, Nullcoupon |  |  |  |
| BRL |  |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF TB 0.00000% 08.07.16-01.07.20 | 7 999.00 | 1 844 888.22 | 0.47 |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF TB 0.00000% 07.07.17-01.07.21 | 5 025.00 | 1 100 265.78 | 0.28 |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF TB 0.00000% 04.01.18-01.01.22 | 70 100.00 | 14 874 701.09 | 3.76 |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF TB 0.00000% 05.04.19-01.07.23 | 19 000.00 | 3 635 688.17 | 0.92 |
| Total BRL |  | 21 455 543.26 | 5.43 |
| USD |  |  |  |
| USD	ARGENTINA TREASURY BILL 0.00000% 29.03.19-22.04.20 | 900 000.00 | 351 000.00 | 0.09 |
| USD	ARGENTINA TREASURY BILL 0.00000% 12.04.19-13.05.20 | 900 000.00 | 360 000.00 | 0.09 |
| Total USD |  | 711 000.00 | 0.18 |
| Total Treasury-Bills, Nullcoupon |  | 22 166 543.26 | 5.61 |
| Notes, fester Zins |  |  |  |
| BRL |  |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 10.00000% 18-01.01.29 | 18 550.00 | 5 270 545.61 | 1.33 |
| Total BRL |  | 5 270 545.61 | 1.33 |
| COP |  |  |  |
| COP	BOGOTA DISTRIRO CAPITAL-REG-S 9.75000% 07-26.07.28 | 9 000 000 000.00 | 2 877 330.32 | 0.73 |
| COP	COLOMBIA, REPUBLIC OF 4.37500% 12-21.03.23 | 5 000 000 000.00 | 1 382 877.46 | 0.35 |
| COP	EMPRESAS PUBLICAS DE MEDELLIN ESP-REG-S 8.37500% 17-08.11.27 | 6 900 000 000.00 | 2 084 667.43 | 0.53 |
| Total COP |  | 6 344 875.21 | 1.61 |
| DOP |  |  |  |
| DOP	DOMINICAN REPUBLIC-REG-S 8.90000% 18-15.02.23 | 20 150 000.00 | 380 738.51 | 0.09 |
| DOP	DOMINICAN REPUBLIC-REG-S 9.75000% 19-05.06.26 | 20 000 000.00 | 383 826.15 | 0.10 |
| Total DOP |  | 764 564.66 | 0.19 |
| MXN |  |  |  |
| MXN	PETROLEOS MEXICANOS-REG-S 7.19000% 13-12.09.24 | 42 650.00 | 194 964.87 | 0.05 |
| Total MXN |  | 194 964.87 | 0.05 |
| PEN |  |  |  |
| PEN	PERU, REPUBLIC OF-REG-S 5.40000% 19-12.08.34 | 4 500 000.00 | 1 367 891.45 | 0.35 |
| Total PEN |  | 1 367 891.45 | 0.35 |
| PHP |  |  |  |
| PHP	PHILIPPINES, REPUBLIC OF THE 6.25000% 11-14.01.36 | 13 000 000.00 | 308 766.31 | 0.08 |
| Total PHP |  | 308 766.31 | 0.08 |
| USD |  |  |  |
| USD	CENCOSUD SA-REG-S 4.87500% 12-20.01.23 | 1 500 000.00 | 1 532 343.75 | 0.39 |
| USD	EGYPT, REPUBLIC OF-REG-S 5.75000% 10-29.04.20 | 200 000.00 | 202 500.00 | 0.05 |
| USD	EGYPT, REPUBLIC OF-REG-S 5.57700% 18-21.02.23 | 1 295 000.00 | 1 339 988.30 | 0.34 |
| USD	EXPORT CREDIT BANK OF TURKEY-REG-S 4.25000% 17-18.09.22 | 1 000 000.00 | 970 312.50 | 0.24 |
| USD	GHANA GOVT INTNL BOND-REG-S 7.87500% 13-07.08.23 | 800 000.00 | 866 750.00 | 0.22 |
| USD	INDONESIA ASAHAN ALUMINIUM TBK PT-REG-S 5.71000% 18-15.11.23 | 1 400 000.00 | 1 540 875.00 | 0.39 |
| USD	KAZTRANSGAS JSC-REG-S 4.37500% 17-26.09.27 | 480 000.00 | 503 550.00 | 0.13 |
| USD	NIGERIA, FEDERAL REPUBLIC OF-REG-S 6.75000% 11-28.01.21 | 1 000 000.00 | 1 035 000.00 | 0.26 |
| USD	OMAN GOVT INTERNATIONAL BOND-REG-S 4.12500% 18-17.01.23 | 1 000 000.00 | 1 008 437.50 | 0.25 |
| USD	SRI LANKA, DEMOCRATIC REP OF-REG-S 6.25000% 10-04.10.20 | 800 000.00 | 804 000.00 | 0.20 |
| USD	SRI LANKA, DEMOCRATIC REP OF-REG-S 6.25000% 11-27.07.21 | 500 000.00 | 500 937.50 | 0.13 |
| USD	TURKEY, REPUBLIC OF 7.00000% 05-05.06.20 | 1 000 000.00 | 1 020 312.50 | 0.26 |
| USD	UKRAINE RAILWAYS VIA RL CPTL MKTS-REG-S 8.25000% 19-09.07.24 | 210 000.00 | 220 363.50 | 0.06 |
| USD	UKRAINE, GOVERNMENT OF-REG-S 7.75000% 15-01.09.20 | 910 000.00 | 935 707.50 | 0.24 |
| USD	UKRAINE, GOVERNMENT OF-REG-S 7.75000% 15-01.09.21 | 900 000.00 | 942 300.00 | 0.24 |
| Total USD |  | 13 423 378.05 | 3.40 |
| UYU |  |  |  |
| UYU	URUGUAY, REPUBLIC OF-REG-S 9.87500% 17-20.06.22 | 16 350 000.00 | 419 520.75 | 0.11 |
| Total UYU |  | 419 520.75 | 0.11 |
| ZAR |  |  |  |
| ZAR	SOUTH AFRICA, REPUBLIC OF 6.25000% 06-31.03.36 | 49 650 000.00 | 2 393 521.36 | 0.60 |
| Total ZAR |  | 2 393 521.36 | 0.60 |
| Total Notes, fester Zins |  | 30 488 028.27 | 7.72 |
| Notes, variabler Zins |  |  |  |
| BRL |  |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC FLR/SELIC 15-01.09.21 | 2 555.00 | 6 296 630.52 | 1.59 |
| Total BRL |  | 6 296 630.52 | 1.59 |
| Total Notes, variabler Zins |  | 6 296 630.52 | 1.59 |
| Medium-Term Notes, fester Zins |  |  |  |
| IDR |  |  |  |
| IDR	EUROPEAN BANK FOR RECONSTR & DEVT 6.45000% 17-13.12.22 | 42 900 000 000.00 | 3 033 721.24 | 0.77 |
| IDR	EUROPEAN BANK FOR RECONSTR & DEVT 6.25000% 17-22.12.21 | 50 000 000 000.00 | 3 544 188.14 | 0.89 |
| Total IDR |  | 6 577 909.38 | 1.66 |

UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD)
Halbjahresbericht per 30. November 2019
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| USD |  |  |  |  |
| USD | BANCO DO BRASIL CAYMAN-REG-S 4.87500% 18-19.04.23 | 1 500 000.00 | 1 570 520.70 | 0.40 |
| USD | BLACK SEA TRADE & DEVELOPMT BK-REG-S 4.87500% 16-06.05.21 | 500 000.00 | 512 245.00 | 0.13 |
| USD | REC LTD-REG-S 5.25000% 18-13.11.23 | 1 400 000.00 | 1 498 335.86 | 0.38 |
| Total USD |  |  | 3 581 101.56 | 0.91 |
| Total Medium-Term Notes, fester Zins |  | 10 159 010.94 | 2.57 |
| Medium-Term Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	YPF SA-144A 3M BADLAR+400BP 16-07.07.20 | 310 000.00 | 48 465.22 | 0.01 |
| Total USD |  | 48 465.22 | 0.01 |
| Total Medium-Term Notes, variabler Zins |  | 48 465.22 | 0.01 |
| Anleihen, fester Zins |  |  |  |
| ARS |  |  |  |
| ARS	ARGENTINA, REPUBLIC OF 18.20000% 16-03.10.21 | 5 430 000.00 | 23 734.23 | 0.01 |
| ARS	ARGENTINA, REPUBLIC OF 16.00000% 16-17.10.23 | 9 590 000.00 | 36 544.95 | 0.01 |
| Total ARS |  | 60 279.18 | 0.02 |
| COP |  |  |  |
| COP	COLOMBIA, REPUBLIC OF 11.00000% 05-24.07.20 | 1 360 000 000.00 | 402 150.66 | 0.10 |
| COP	COLOMBIA, REPUBLIC OF 7.50000% 11-26.08.26 | 11 400 000 000.00 | 3 494 014.08 | 0.89 |
| COP	COLOMBIA, REPUBLIC OF 7.75000% 14-18.09.30 | 5 150 000 000.00 | 1 595 839.76 | 0.40 |
| COP	COLOMBIA, REPUBLIC OF 7.00000% 17-30.06.32 | 8 800 000 000.00 | 2 568 405.65 | 0.65 |
| COP	COLOMBIA, REPUBLIC OF 7.25000% 18-18.10.34 | 8 450 000 000.00 | 2 509 709.61 | 0.64 |
| COP	COLOMBIA, REPUBLIC OF 9.85000% 07-28.06.27 | 7 150 000 000.00 | 2 527 789.11 | 0.64 |
| Total COP |  | 13 097 908.87 | 3.32 |
| CZK |  |  |  |
| CZK	CZECH REPUBLIC 2.50000% 13-25.08.28 | 135 620 000.00 | 6 355 003.81 | 1.61 |
| CZK	CZECH REPUBLIC 2.75000% 18-23.07.29 | 42 200 000.00 | 2 030 347.12 | 0.51 |
| CZK	CZECH REPUBLIC 4.70000% 07-12.09.22 | 26 900 000.00 | 1 266 517.39 | 0.32 |
| CZK	CZECH REPUBLIC-REG-S 3.75000% 05-12.09.20 | 9 500 000.00 | 416 065.19 | 0.10 |
| CZK	CZECH REPUBLIC-REG-S 0.95000% 15-15.05.30 | 41 380 000.00 | 1 690 616.94 | 0.43 |
| CZK	CZECH REPUBLIC-REG-S 0.45000% 15-25.10.23 | 14 800 000.00 | 616 290.92 | 0.16 |
| Total CZK |  | 12 374 841.37 | 3.13 |
| HUF |  |  |  |
| HUF	HUNGARY, REPUBLIC OF 6.00000% 06-24.11.23 | 462 900 000.00 | 1 856 889.21 | 0.47 |
| HUF	HUNGARY, REPUBLIC OF 7.00000% 11-24.06.22 | 667 400 000.00 | 2 588 613.61 | 0.66 |
| HUF	HUNGARY, REPUBLIC OF 6.75000% 11-22.10.28 | 1 047 200 000.00 | 4 894 328.17 | 1.24 |
| HUF	HUNGARY, REPUBLIC OF 3.00000% 16-27.10.27 | 911 000 000.00 | 3 329 261.29 | 0.84 |
| HUF	HUNGARY, REPUBLIC OF 0.50000% 18-21.04.21 | 135 000 000.00 | 447 908.60 | 0.11 |
| HUF	HUNGARY, REPUBLIC OF 3.00000% 19-21.08.30 | 188 000 000.00 | 684 246.10 | 0.17 |
| Total HUF |  | 13 801 246.98 | 3.49 |
| IDR |  |  |  |
| IDR	INDONESIA, REPUBLIC OF 8.25000% 11-15.06.32 | 27 556 000 000.00 | 2 055 224.00 | 0.52 |
| IDR	INDONESIA, REPUBLIC OF 7.00000% 11-15.05.27 | 5 822 000 000.00 | 412 555.37 | 0.10 |
| IDR	INDONESIA, REPUBLIC OF 6.12500% 13-15.05.28 | 52 800 000 000.00 | 3 498 166.48 | 0.89 |
| IDR	INDONESIA, REPUBLIC OF 8.37500% 13-15.03.34 | 20 800 000 000.00 | 1 577 144.07 | 0.40 |
| IDR	INDONESIA, REPUBLIC OF 9.00000% 13-15.03.29 | 24 100 000 000.00 | 1 904 251.74 | 0.48 |
| IDR	INDONESIA, REPUBLIC OF 8.25000% 15-15.05.36 | 46 800 000 000.00 | 3 498 804.55 | 0.89 |
| IDR	INDONESIA, REPUBLIC OF 7.50000% 17-15.05.38 | 23 500 000 000.00 | 1 644 418.15 | 0.42 |
| IDR	INDONESIA, REPUBLIC OF 8.25000% 18-15.05.29 | 68 250 000 000.00 | 5 204 036.29 | 1.32 |
| IDR	INDONESIA, REPUBLIC OF 8.37500% 19-15.04.39 | 95 500 000 000.00 | 7 205 668.47 | 1.82 |
| Total IDR |  | 27 000 269.12 | 6.84 |
| MXN |  |  |  |
| MXN	MEXICO, UNITED MEXICAN STATES 8.00000% 03-07.12.23 | 45 000.00 | 239 484.76 | 0.06 |
| MXN	MEXICO, UNITED MEXICAN STATES 10.00000% 05-05.12.24 | 848 300.00 | 4 905 488.12 | 1.24 |
| MXN	MEXICO, UNITED MEXICAN STATES 10.00000% 06-20.11.36 | 123 700.00 | 801 841.47 | 0.20 |
| MXN	MEXICO, UNITED MEXICAN STATES 7.50000% 07-03.06.27 | 1 574 140.00 | 8 279 578.54 | 2.10 |
| MXN	MEXICO, UNITED MEXICAN STATES 8.50000% 09-31.05.29 | 276 000.00 | 1 551 885.37 | 0.39 |
| MXN	MEXICO, UNITED MEXICAN STATES 7.75000% 11-29.05.31 | 173 850.00 | 933 248.86 | 0.24 |
| MXN	MEXICO, UNITED MEXICAN STATES 7.75000% 11-13.11.42 | 429 650.00 | 2 299 499.22 | 0.58 |
| MXN	MEXICO, UNITED MEXICAN STATES 5.75000% 15-05.03.26 | 33 330.00 | 160 061.92 | 0.04 |
| MXN	MEXICO, UNITED MEXICAN STATES 8.00000% 17-07.11.47 | 1 037 500.00 | 5 723 895.82 | 1.45 |
| MXN	MEXICO, UNITED STATES OF 8.00000% 09-11.06.20 | 34 000.00 | 175 240.63 | 0.05 |
| MXN	MEXICO, UNITED STATES OF 6.50000% 12-09.06.22 | 126 000.00 | 641 708.23 | 0.16 |
| Total MXN |  | 25 711 932.94 | 6.51 |
| PLN |  |  |  |
| PLN	POLAND, REPUBLIC OF 5.75000% 01-23.09.22 | 7 170 000.00 | 2 042 883.06 | 0.52 |
| PLN	POLAND, REPUBLIC OF 5.75000% 10-25.10.21 | 8 450 000.00 | 2 336 067.81 | 0.59 |
| PLN	POLAND, REPUBLIC OF 4.00000% 12-25.10.23 | 4 600 000.00 | 1 279 526.98 | 0.33 |
| PLN	POLAND, REPUBLIC OF 2.75000% 13-25.04.28 | 28 170 000.00 | 7 616 750.82 | 1.93 |
| PLN	POLAND, REPUBLIC OF 3.2500% 14-25.07.25 | 1 349 000.00 | 371 130.64 | 0.09 |
| PLN	POLAND, REPUBLIC OF 1.50000% 15-25.04.20 | 13 960 000.00 | 3 575 691.74 | 0.91 |
| PLN	POLAND, REPUBLIC OF 2.00000% 15-25.04.21 | 8 100 000.00 | 2 090 398.75 | 0.53 |
| PLN	POLAND, REPUBLIC OF 2.50000% 16-25.07.27 | 1 520 000.00 | 403 958.83 | 0.10 |
| PLN	POLAND, REPUBLIC OF 2.25000% 16-25.04.22 | 8 400 000.00 | 2 184 573.45 | 0.55 |
| PLN	POLAND, REPUBLIC OF 2.50000% 17-25.01.23 | 1 500 000.00 | 394 194.65 | 0.10 |
| PLN	POLAND, REPUBLIC OF 2.75000% 19-25.10.29 | 12 760 000.00 | 3 479 477.99 | 0.88 |
| Total PLN |  | 25 774 654.72 | 6.53 |

UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD) Halbjahresbericht per 30. November 2019
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| RON |  |  |  |  |
| RON | ROMANIA 2.25000% 16-26.02.20 | 2 455 000.00 | 564 348.70 | 0.14 |
| RON | ROMANIA 3.25000% 15-22.03.21 | 900 000.00 | 206 798.27 | 0.05 |
| RON | ROMANIA 3.50000% 15-19.12.22 | 1 275 000.00 | 290 830.76 | 0.07 |
| RON | ROMANIA 5.00000% 18-12.02.29 | 800 000.00 | 189 024.03 | 0.05 |
| RON | ROMANIA 5.75000% 13-29.04.20 | 1 400 000.00 | 325 542.15 | 0.08 |
| RON | ROMANIA 5.80000% 12-26.07.27 | 21 320 000.00 | 5 310 012.89 | 1.34 |
| RON | ROMANIA 5.85000% 13-26.04.23 | 3 000 000.00 | 732 598.10 | 0.19 |
| Total RON |  |  | 7 619 154.90 | 1.92 |
| RUB |  |  |  |  |
| RUB | RUSSIA, FEDERATION OF 7.05000% 13-19.01.28 | 404 400 000.00 | 6 608 388.07 | 1.67 |
| RUB | RUSSIA, FEDERATION OF 6.40000% 13-27.05.20 | 40 950 000.00 | 638 430.06 | 0.16 |
| RUB | RUSSIA, FEDERATION OF 7.00000% 13-16.08.23 | 163 050 000.00 | 2 620 825.17 | 0.66 |
| RUB | RUSSIA, FEDERATION OF 6.90000% 18-23.05.29 | 99 200 000.00 | 1 608 700.80 | 0.41 |
| Total RUB |  |  | 11 476 344.10 | 2.90 |
| THB |  |  |  |  |
| THB | THAILAND, KINGDOM OF 3.65000% 10-17.12.21 | 224 050 000.00 | 7 762 566.75 | 1.97 |
| THB | THAILAND, KINGDOM OF 3.85000% 10-12.12.25 | 16 000 000.00 | 602 485.74 | 0.15 |
| THB | THAILAND, KINGDOM OF 2.12500% 16-17.12.26 | 48 100 000.00 | 1 649 820.05 | 0.42 |
| THB | THAILAND, KINGDOM OF 2.87500% 18-17.12.28 | 319 650 000.00 | 11 655 771.32 | 2.95 |
| THB | THAILAND, KINGDOM OF 4.87500% 09-22.06.29 | 83 100 000.00 | 3 537 014.30 | 0.90 |
| THB | THAILAND, KINGDOM OF 3.40000% 15-17.06.36 | 68 000 000.00 | 2 722 233.24 | 0.69 |
| THB | THAILAND, KINGDOM OF 3.30000% 18-17.06.38 | 29 000 000.00 | 1 162 296.58 | 0.29 |
| THB | THAILAND, KINGDOM OF 4.67500% 13-29.06.44 | 5 450 000.00 | 271 327.11 | 0.07 |
| THB | THAILAND, KINGDOM OF 2.87500% 16-17.06.46 | 73 471 000.00 | 2 845 117.33 | 0.72 |
| THB | THAILAND, KINGDOM OF 2.55000% 15-26.06.20 | 27 500 000.00 | 911 938.86 | 0.23 |
| THB | THAILAND, KINGDOM OF 3.65000% 10-20.06.31 | 34 000 000.00 | 1 343 901.66 | 0.34 |
| THB | THAILAND, KINGDOM OF 3.77500% 12-25.06.32 | 7 800 000.00 | 315 220.49 | 0.08 |
| Total THB |  |  | 34 779 693.43 | 8.81 |
| TRY |  |  |  |  |
| TRY | TURKEY, REPUBLIC OF 7.10000% 13-08.03.23 | 2 700 000.00 | 408 278.93 | 0.10 |
| TRY | TURKEY, REPUBLIC OF 12.40000% 18-08.03.28 | 30 200 000.00 | 5 326 473.40 | 1.35 |
| TRY | TURKEY, REPUBLIC OF 9.40000% 15-08.07.20 | 2 670 000.00 | 458 597.55 | 0.12 |
| TRY | TURKEY, REPUBLIC OF 10.60000% 16-11.02.26 | 1 700 000.00 | 276 155.65 | 0.07 |
| TRY | TURKEY, REPUBLIC OF 10.50000% 17-11.08.27 | 2 800 000.00 | 446 800.73 | 0.11 |
| TRY | TURKEY, REPUBLIC OF 8.00000% 15-12.03.25 | 5 850 000.00 | 862 196.40 | 0.22 |
| TRY | TURKEY, REPUBLIC OF 8.50000% 12-14.09.22 | 5 850 000.00 | 941 133.45 | 0.24 |
| TRY | TURKEY, REPUBLIC OF 10.70000% 17-17.08.22 | 12 900 000.00 | 2 186 497.78 | 0.55 |
| TRY | TURKEY, REPUBLIC OF 12.20000% 18-18.01.23 | 5 900 000.00 | 1 032 384.43 | 0.26 |
| TRY | TURKEY, REPUBLIC OF 11.00000% 17-24.02.27 | 8 000 000.00 | 1 314 181.25 | 0.33 |
| TRY | TURKEY, REPUBLIC OF 9.00000% 14-24.07.24 | 4 000 000.00 | 619 831.11 | 0.16 |
| Total TRY |  |  | 13 872 530.68 | 3.51 |
| USD |  |  |  |  |
| USD | BAHRAIN GVT INTERNATIONAL BOND-REG-S 5.50000% 10-31.03.20 | 650 000.00 | 654 875.00 | 0.17 |
| USD | ECUADOR, REPUBLIC OF-REG-S 10.75000% 16-28.03.22 | 1 200 000.00 | 1 061 625.00 | 0.27 |
| USD | EL FONDO MIVIVIENDA-REG-S 3.50000% 13-31.01.23 | 850 000.00 | 865 406.25 | 0.22 |
| USD | EL SALVADOR, REPUBLIC OF-REG-S 7.37500% 09-01.12.19 | 1 065 000.00 | 1 063 003.13 | 0.27 |
| USD | NIGERIA, REPUBLIC OF-REG-S 6.37500% 13-12.07.23 | 1 000 000.00 | 1 054 375.01 | 0.27 |
| USD | SERBIA INTERNATIONAL BOND-REG-S 4.87500% 13-25.02.20 | 200 000.00 | 201 900.00 | 0.05 |
| USD | SOUTH AFRICA, REPUBLIC OF 5.50000% 10-09.03.20 | 1 500 000.00 | 1 513 125.00 | 0.38 |
| USD | THIRD PAKISTAN INTERNATIONAL SUK-REG-S 5.50000% 16-13.10.21 | 800 000.00 | 812 500.00 | 0.21 |
| USD | TRADE & DEVELOPMENT BANK MONGOLIA-REG-S 9.37500% 15-19.05.20 | 1 400 000.00 | 1 434 125.00 | 0.36 |
| Total USD |  |  | 8 660 934.39 | 2.20 |
| UYU |  |  |  |  |
| UYU | URUGUAY, REPUBLIC OF-REG-S 8.50000% 17-15.03.28 | 11 800 000.00 | 261 574.44 | 0.07 |
| Total UYU |  |  | 261 574.44 | 0.07 |
| ZAR |  |  |  |  |
| ZAR | SOUTH AFRICA, REPUBLIC OF 10.5000% 98-21.12.26 | 177 050 000.00 | 13 363 339.61 | 3.38 |
| ZAR | SOUTH AFRICA, REPUBLIC OF 6.75000% 06-31.03.21 | 12 200 000.00 | 831 422.72 | 0.21 |
| ZAR | SOUTH AFRICA, REPUBLIC OF 7.00000% 10-28.02.31 | 27 229 000.00 | 1 546 629.87 | 0.39 |
| ZAR | SOUTH AFRICA, REPUBLIC OF 6.50000% 10-28.02.41 | 38 400 000.00 | 1 789 128.67 | 0.45 |
| ZAR | SOUTH AFRICA, REPUBLIC OF 7.75000% 12-28.02.23 | 22 800 000.00 | 1 568 971.12 | 0.40 |
| ZAR | SOUTH AFRICA, REPUBLIC OF 8.75000% 12-28.02.2048 | 205 460 000.00 | 12 103 013.00 | 3.07 |
| ZAR | SOUTH AFRICA, REPUBLIC OF 8.75000% 14-31.01.44 | 33 000 000.00 | 1 947 524.97 | 0.49 |
| ZAR | SOUTH AFRICA, REPUBLIC OF 8.87500% 15-28.02.35 | 18 000 000.00 | 1 131 754.33 | 0.29 |
| Total ZAR |  |  | 34 281 784.29 | 8.68 |
| Total Anleihen, fester Zins |  | 228 773 149.41 | 57.93 |
| Anleihen, variabler Zins |  |  |  |
| PLN |  |  |  |
| PLN	POLAND, REPUBLIC OF 2.750%/CPI LINKED 08-25.08.23 | 570 000.00 | 203 000.32 | 0.05 |
| Total PLN |  | 203 000.32 | 0.05 |
| Total Anleihen, variabler Zins |  | 203 000.32 | 0.05 |
| Wandelanleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	GLOBAL INVESTMENT FINANCIAL *DEFAULT* 11.00000% 96-06.04.06 | 2 000 000.00 | 20.00 | 0.00 |
| Total USD |  | 20.00 | 0.00 |
| Total Wandelanleihen, fester Zins |  | 20.00 | 0.00 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  | 298 134 847.94 | 75.48 |

UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD)
Halbjahresbericht per 30. November 2019
| Bezeichnung	Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- |
| Nominal | NR Kursgewinn | Netto- |
|  | (-verlust) auf Futures/ | vermögens |
|  | Devisentermin- |  |
|  | kontrakten/ |  |
|  | Swaps (Erl. 1) |  |

Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden
Treasury-Bills, Nullcoupon
| NGN |  |
| --- | --- |
| NGN | NIGERIA OMO BILL 0.00000% 07.02.19-06.02.20 | 1 500 000 000.00 | 3 995 700.53 | 1.01 |
| Total NGN |  |  | 3 995 700.53 | 1.01 |
| USD |  |  |  |  |
| USD | AMERICA, UNITED STATES OF TB 0.00000% 06.12.18-05.12.19 | 4 000 000.00 | 3 999 530.24 | 1.01 |
| Total USD |  |  | 3 999 530.24 | 1.01 |
| Total Treasury-Bills, Nullcoupon |  | 7 995 230.77 | 2.02 |
| Notes, fester Zins |  |  |  |
| COP |  |  |  |
| COP	COLOMBIA, REPUBLIC OF 7.75000% 10-14.04.21 | 10 010 000 000.00 | 2 932 922.63 | 0.74 |
| Total COP |  | 2 932 922.63 | 0.74 |
| PEN |  |  |  |
| PEN	PERU, REPUBLIC OF-REG-S 6.85000% 10-12.02.42 | 3 950 000.00 | 1 373 529.85 | 0.35 |
| PEN	PERU, REPUBLIC OF-REG-S 6.90000% 07-12.08.37 | 4 400 000.00 | 1 538 387.29 | 0.39 |
| Total PEN |  | 2 911 917.14 | 0.74 |
| PHP |  |  |  |
| PHP	PHILIPPINES, REPUBLIC OF THE 4.95000% 10-15.01.21 | 7 000 000.00 | 138 865.59 | 0.04 |
| Total PHP |  | 138 865.59 | 0.04 |
| Total Notes, fester Zins |  | 5 983 705.36 | 1.52 |
| Medium-Term Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	SHARP EQUIPAMENTOS ELETR-REG-S*DEFAULT* 9.62500% 97-30.10.05 | 1 080 000.00 | 10.80 | 0.00 |
| Total USD |  | 10.80 | 0.00 |
| ZAR |  |  |  |
| ZAR	TRANSNET SOC LTD-REG-S 9.50000% 13-13.05.21 | 6 740 000.00 | 468 888.37 | 0.12 |
| Total ZAR |  | 468 888.37 | 0.12 |
| Total Medium-Term Notes, fester Zins |  | 468 899.17 | 0.12 |
| Medium-Term Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	YPF SA-REG-S 3M BADLAR+400BP 16-07.07.20 | 115 000.00 | 17 979.04 | 0.01 |
| Total USD |  | 17 979.04 | 0.01 |
| Total Medium-Term Notes, variabler Zins |  | 17 979.04 | 0.01 |
| Anleihen, fester Zins |  |  |  |
| MYR |  |  |  |
| MYR	MALAYSIA 3.41800% 12-15.08.22 | 2 950 000.00 | 711 407.35 | 0.18 |
| MYR	MALAYSIA 3.62000% 16-30.11.21 | 16 950 000.00 | 4 101 900.00 | 1.04 |
| MYR	MALAYSIA 3.73300% 13-15.06.28 | 27 350 000.00 | 6 675 646.15 | 1.69 |
| MYR	MALAYSIA 3.80000% 16-17.08.23 | 3 100 000.00 | 757 769.45 | 0.19 |
| MYR	MALAYSIA 3.88500% 19-15.08.29 | 11 000 000.00 | 2 729 303.72 | 0.69 |
| MYR	MALAYSIA 3.95500% 15-15.09.25 | 900 000.00 | 222 323.60 | 0.06 |
| MYR	MALAYSIA 4.07000% 16-30.09.26 | 3 550 000.00 | 880 294.60 | 0.22 |
| MYR	MALAYSIA 4.16000% 11-15.07.21 | 2 600 000.00 | 633 301.23 | 0.16 |
| MYR	MALAYSIA 4.23200% 11-30.06.31 | 1 850 000.00 | 466 742.17 | 0.12 |
| MYR	MALAYSIA 4.25400% 15-31.05.35 | 500 000.00 | 126 400.46 | 0.03 |
| MYR	MALAYSIA 4.49800% 10-15.04.30 | 1 950 000.00 | 503 041.64 | 0.13 |
| MYR	MALAYSIA 4.76200% 17-07.04.37 | 9 980 000.00 | 2 696 351.55 | 0.68 |
| Total MYR |  | 20 504 481.92 | 5.19 |
| PEN |  |  |  |
| PEN	FONDO MIVIVIENDA SA-REG-S 7.00000% 17-14.02.24 | 4 125 000.00 | 1 354 473.09 | 0.34 |
| PEN	PERU, REPUBLIC OF 6.95000% 08-12.08.31 | 6 700 000.00 | 2 342 879.33 | 0.59 |
| Total PEN |  | 3 697 352.42 | 0.93 |
| PHP |  |  |  |
| PHP	PHILIPPINES, REPUBLIC OF THE 3.90000% 12-26.11.22 | 24 000 000.00 | 471 567.86 | 0.12 |
| Total PHP |  | 471 567.86 | 0.12 |
| PLN |  |  |  |
| PLN	POLAND, REPUBLIC OF 2.50000% 15-25.07.26 | 15 970 000.00 | 4 236 467.11 | 1.07 |
| Total PLN |  | 4 236 467.11 | 1.07 |
| RUB |  |  |  |
| RUB	RUSSIA, FEDERATION OF 7.60000% 11-14.04.21 | 185 500 000.00 | 2 957 696.05 | 0.75 |
| RUB	RUSSIA, FEDERATION OF 8.15000% 12-03.02.27 | 268 700 000.00 | 4 641 565.71 | 1.18 |
| RUB	RUSSIA, FEDERATION OF 6.80000% 12-11.12.19 | 105 921 000.00 | 1 648 029.91 | 0.42 |
| RUB	RUSSIA, FEDERATION OF 7.00000% 13-25.01.23 | 49 500 000.00 | 794 641.75 | 0.20 |
| RUB	RUSSIA, FEDERATION OF 7.50000% 15-18.08.21 | 224 870 000.00 | 3 594 176.26 | 0.91 |
| RUB	RUSSIA, FEDERATION OF 8.50000% 15-17.09.31 | 29 500 000.00 | 537 389.30 | 0.14 |
| RUB	RUSSIA, FEDERATION OF 7.75000% 16-16.09.26 | 206 150 000.00 | 3 477 798.94 | 0.88 |
| RUB	RUSSIA, FEDERATION OF 7.70000% 17-23.03.33 | 200 780 000.00 | 3 442 032.13 | 0.87 |

UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD) Halbjahresbericht per 30. November 2019
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| RUB | RUSSIA, FEDERATION OF 7.10000% 17-16.10.24 | 35 000 000.00 | 566 344.33 | 0.14 |
| RUB | RUSSIA, FEDERATION OF 7.25000% 18-10.05.34 | 190 900 000.00 | 3 156 785.62 | 0.80 |
| RUB | VNESHECONOMBANK STEP-DOWN 10-13.10.20 | 25 000 000.00 | 398 903.07 | 0.10 |
| Total RUB |  |  | 25 215 363.07 | 6.39 |
| Total Anleihen, fester Zins | 54 125 232.38 | 13.70 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden | 68 591 046.72 | 17.37 |

Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Inhaberaktien
| Mexiko |  |
| --- | --- |
| MXN | HIPOTECARIA SU CASITA SA DE CV | 15 777.00 | 0.01 | 0.00 |
| Total Mexiko |  | 0.01 | 0.00 |
| Total Inhaberaktien |  | 0.01 | 0.00 |
| Investment Fonds, closed end |  |  |  |
| Bermuda |  |  |  |
| USD	SIDEK CREDITOR TRUST-B1 | 889 210.59 | 8.89 | 0.00 |
| USD	SIDEK CREDITOR TRUST-A1 | 222 274.28 | 2.22 | 0.00 |
| Total Bermuda |  | 11.11 | 0.00 |
| Total Investment Fonds, closed end |  | 11.11 | 0.00 |
| Inländische Depositenzertifikate, Nullcoupon |  |  |  |
| USD |  |  |  |
| USD	LOJAS ARAPUA INTL INC-DEFAULT CD 0.00000% 10.06.97-05.06.98 | 1 000 000.00 | 10.00 | 0.00 |
| Total USD |  | 10.00 | 0.00 |
| Total Inländische Depositenzertifikate, Nullcoupon |  | 10.00 | 0.00 |
| Notes, fester Zins |  |  |  |
| PEN |  |  |  |
| PEN	PERU, REPUBLIC OF-REG-S 6.35000% 16-12.08.28 | 14 250 000.00 | 4 829 473.60 | 1.22 |
| PEN	TELEFONICA DEL PERU SAA-REG-S 7.37500% 19-10.04.27 | 5 000 000.00 | 1 571 922.34 | 0.40 |
| Total PEN |  | 6 401 395.94 | 1.62 |
| Total Notes, fester Zins |  | 6 401 395.94 | 1.62 |
| Anleihen, fester Zins |  |  |  |
| COP |  |  |  |
| COP	COLOMBIA, REPUBLIC OF-REG-S 6.00000% 12-28.04.28 | 572 000 000.00 | 159 223.38 | 0.04 |
| Total COP |  | 159 223.38 | 0.04 |
| PEN |  |  |  |
| PEN	PERU, REPUBLIC OF-REG-S 5.35000% 19-12.08.40 | 1 700 000.00 | 498 510.81 | 0.13 |
| Total PEN |  | 498 510.81 | 0.13 |
| UAH |  |  |  |
| UAH	UKRAINE, GOVERNMENT OF-REG-S 14.64000% 17-10.06.20 | 104 000 000.00 | 4 348 257.15 | 1.10 |
| Total UAH |  | 4 348 257.15 | 1.10 |
| Total Anleihen, fester Zins |  | 5 005 991.34 | 1.27 |
| Total Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden |  | 11 407 408.40 | 2.89 |
| Total des Wertpapierbestandes |  | 378 133 303.06 | 95.74 |


## Derivative Instrumente
Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Swaps und Forward-Swaps auf Zinssätze
| PLN PLN | BARCLAYS/INTEREST RATE SWAP REC 2.14250% 17-17.01.20 BARCLAYS/INTEREST RATE SWAP PAYER 6MWIB 17-17.01.20 | 5 000 000.00 | 15 814.81 | 0.00 |
| --- | --- | --- | --- | --- |
| MXN | GOLDMAN SACHS/INTEREST RATE SWAP REC 7.24500% 17-06.02.20 | 36 500 000.00 | -2 022.58 | 0.00 |
| MXN | GOLDMAN SACHS/INTEREST RATE SWAP PAYER MXI 17-06.02.20 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP REC 2.38500% 17-15.05.22 | 4 750 000.00 | 35 889.63 | 0.01 |
| PLN | LCH/INTEREST RATE SWAP PAYER 6MWIB 17-15.05.22 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 7.27500% 17-06.05.22 | 42 000 000.00 | 25 945.51 | 0.01 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 17-06.05.22 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 7.99500% 17-22.12.22 | 70 000 000.00 | 130 773.21 | 0.03 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 17-22.12.22 |  |  |  |
| BRL | BANK OF AMERICA/INTEREST RATE SWAP REC 9.76000% 17-02.01.23 | 15 800 000.00 | 504 629.58 | 0.13 |
| BRL | BANK OF AMERICA/INTEREST RATE SWAP PAYER BZD 17-02.01.23 |  |  |  |
| BRL | GOLDMAN SACHS/INTEREST RATE SWAP REC 8.60000% 18-02.01.21 | 50 000 000.00 | 865 001.97 | 0.22 |
| BRL | GOLDMAN SACHS/INTEREST RATE SWAP PAYER BZD 18-02.01.21 |  |  |  |
| CLP | HSBC/INTEREST RATE SWAP REC 4.43250% 18-01.10.28 | 1 400 000 000.00 | 198 827.50 | 0.05 |
| CLP | HSBC/INTEREST RATE SWAP PAYER CLICP 18-01.10.28 |  |  |  |

UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD)
Halbjahresbericht per 30. November 2019
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 8.78500% 18-26.10.28 | 30 000 000.00 | 203 894.60 | 0.05 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 18-26.10.28 |  |  |  |
| CLP | CREDIT SUISSE/INTEREST RATE SWAP REC 4.04000% 19-04.02.29 | 1 000 000 000.00 | 104 464.60 | 0.02 |
| CLP | CREDIT SUISSE/INTEREST RATE SWAP PAYER CLICP 19-04.02.29 |  |  |  |
| CLP | BARCLAYS/INTEREST RATE SWAP REC 3.88000% 19-13.05.29 | 1 000 000 000.00 | 80 609.99 | 0.02 |
| CLP | BARCLAYS/INTEREST RATE SWAP PAYER CLICP 19-13.05.29 |  |  |  |
| CLP | CREDIT SUISSE/INTEREST RATE SWAP REC 2.88000% 19-05.08.29 | 3 000 000 000.00 | -84 072.40 | -0.02 |
| CLP | CREDIT SUISSE/INTEREST RATE SWAP PAYER CLICP 19-05.08.29 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.76500% 19-10.10.29 | 43 000 000.00 | -25 809.44 | -0.01 |
| MXN | CME/INTEREST RATE SWAP PAYER MXIBTIIE19-10.10.29 |  |  |  |
| CLP | BANK OF AMERICA/INTEREST RATE SWAP REC 3.13000% 19-19.11.29 | 900 000 000.00 | -4 623.33 | 0.00 |
| CLP | BANK OF AMERICA/INTEREST RATE SWAP PAYER CLICP 19-19.11.29 |  |  |  |
| BRL | BARCLAYS/INTEREST RATE SWAP REC 5.72250% 19-02.01.23 | 23 000 000.00 | -8 199.94 | 0.00 |
| BRL | BARCLAYS/INTEREST RATE SWAP PAYER BZD 19-02.01.23 |  |  |  |
| Total Swaps und Forward-Swaps auf Zinssätze |  | 2 041 123.71 | 0.51 |
| Swaps und Forward-Swaps auf Währungen |  |  |  |
|  |  |  |  |
| TRY	GOLDMAN SACHS/CCY SWAP USD/TRY REC 10.87000% 17-15.05.22 | 3 800 000.00 | -361 952.68 | -0.09 |
| TRY	GOLDMAN SACHS/CCY SWAP USD/TRY PAYER 3ML 17-15.05.22 |  |  |  |
| Total Swaps und Forward-Swaps auf Währungen |  | -361 952.68 | -0.09 |
| Swaps und Forward-Swaps auf Cross-Währungen |  |  |  |
|  |  |  |  |
| TRY	BARCLAYS/CCY SWAP TRY/USD REC 11.41000% 17-10.02.20 | 8 200 000.00 | -756 629.81 | -0.19 |
| TRY	BARCLAYS/CCY SWAP TRY/USD PAYER 3ML 17-10.02.20 |  |  |  |
| Total Swaps und Forward-Swaps auf Cross-Währungen |  | -756 629.81 | -0.19 |
| Total Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden |  | 922 541.22 | 0.23 |
| Total Derivative Instrumente |  | 922 541.22 | 0.23 |
| Devisenterminkontrakte |  |  |  |
| Devisenterminkontrakte (Kauf/Verkauf) |  |  |  |

| USD | 3 183 994.16 | HKD | 24 800 000.00 | 18.6.2020 | 18 621.04 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| BRL | 9 670 000.00 | USD | 2 332 931.24 | 18.12.2019 | -48 053.49 | -0.01 |
| MYR | 7 858 000.00 | USD | 1 876 313.28 | 18.12.2019 | 1 696.22 | 0.00 |
| USD | 6 380 591.78 | CNY | 45 500 000.00 | 18.12.2019 | -91 487.83 | -0.02 |
| USD | 1 674 740.79 | TRY | 9 960 000.00 | 18.12.2019 | -51 304.85 | -0.01 |
| PHP | 9 000 000.00 | USD | 172 084.13 | 18.12.2019 | 4 838.64 | 0.00 |
| IDR | 53 120 000 000.00 | USD | 3 725 366.44 | 18.12.2019 | 33 645.70 | 0.01 |
| USD | 3 065 801.39 | RUB | 203 140 000.00 | 18.12.2019 | -86 497.48 | -0.02 |
| BRL | 610 000.00 | USD | 148 058.25 | 18.12.2019 | -3 924.29 | 0.00 |
| CLP | 7 276 000 000.00 | USD | 10 179 783.14 | 18.12.2019 | -1 151 997.87 | -0.29 |
| USD | 429 183.29 | COP | 1 457 000 000.00 | 18.12.2019 | 16 204.25 | 0.00 |
| TRY | 2 250 000.00 | USD | 378 436.65 | 18.12.2019 | 11 483.30 | 0.00 |
| MXN | 164 960 000.00 | USD | 8 366 729.75 | 18.12.2019 | 70 754.10 | 0.02 |
| MXN | 61 600 000.00 | USD | 3 123 503.06 | 18.12.2019 | 27 254.73 | 0.01 |
| USD | 4 944 920.44 | BRL | 20 200 000.00 | 18.12.2019 | 171 959.68 | 0.04 |
| COP | 582 000 000.00 | USD | 172 522.14 | 18.12.2019 | -7 557.28 | 0.00 |
| TRY | 19 200 000.00 | USD | 3 282 405.89 | 18.12.2019 | 44 911.00 | 0.01 |
| CZK | 50 320 000.00 | USD | 2 158 429.22 | 18.12.2019 | 14 467.74 | 0.00 |
| USD | 1 284 840.75 | ZAR | 18 910 000.00 | 18.12.2019 | -2 488.10 | 0.00 |
| PLN | 14 610 000.00 | USD | 3 734 730.36 | 18.12.2019 | 560.32 | 0.00 |
| USD | 224 166.46 | THB | 6 800 000.00 | 18.12.2019 | -947.91 | 0.00 |
| USD | 5 084 157.12 | TRY | 29 820 000.00 | 18.12.2019 | -83 581.93 | -0.02 |
| RON | 7 297 000.00 | USD | 1 706 088.29 | 18.12.2019 | -25 413.49 | -0.01 |
| HUF | 908 300 000.00 | USD | 3 042 760.28 | 18.12.2019 | -44 480.50 | -0.01 |
| USD | 224 316.07 | TRY | 1 320 000.00 | 18.12.2019 | -4 436.97 | 0.00 |
| IDR | 3 340 000 000.00 | USD | 234 080.43 | 18.12.2019 | 2 273.12 | 0.00 |
| USD | 604 004.00 | MXN | 12 100 000.00 | 18.12.2019 | -14 894.85 | 0.00 |
| USD | 570 972.79 | PLN | 2 290 000.00 | 18.12.2019 | -14 503.98 | 0.00 |
| CZK | 4 810 000.00 | USD | 203 836.10 | 18.12.2019 | 3 867.29 | 0.00 |
| TRY | 2 240 000.00 | USD | 381 892.69 | 18.12.2019 | 6 294.28 | 0.00 |
| THB | 14 700 000.00 | USD | 480 362.33 | 18.12.2019 | 6 281.98 | 0.00 |
| USD | 239 756.00 | ZAR | 3 710 000.00 | 18.12.2019 | -12 808.25 | 0.00 |
| RON | 2 920 000.00 | USD | 670 149.45 | 18.12.2019 | 2 396.86 | 0.00 |
| USD | 363 362.13 | CLP | 265 000 000.00 | 18.12.2019 | 34 560.16 | 0.01 |
| USD | 255 449.56 | HUF | 78 100 000.00 | 18.12.2019 | -2 356.95 | 0.00 |
| TRY | 10 300 000.00 | USD | 1 765 610.87 | 18.12.2019 | 19 356.01 | 0.00 |
| MXN | 30 600 000.00 | USD | 1 534 024.90 | 18.12.2019 | 31 124.26 | 0.01 |
| COP | 5 460 000 000.00 | USD | 1 571 358.68 | 18.12.2019 | -23 750.20 | -0.02 |
| ZAR | 24 000 000.00 | USD | 1 571 885.16 | 18.12.2019 | 61 953.67 | 0.01 |
| USD | 3 323 210.81 | ZAR | 50 500 000.00 | 18.12.2019 | -114 658.40 | -0.03 |
| USD | 1 600 040.22 | TRY | 9 420 000.00 | 18.12.2019 | -32 424.63 | -0.01 |
| USD | 193 247.28 | BRL | 795 000.00 | 18.12.2019 | 5 400.56 | 0.00 |
| TRY | 13 800 000.00 | USD | 2 290 707.74 | 18.12.2019 | 100 801.28 | 0.02 |
| BRL | 846 000.00 | USD | 203 126.13 | 18.12.2019 | -3 228.86 | 0.00 |
| MXN | 4 210 000.00 | USD | 216 293.93 | 18.12.2019 | -958.05 | 0.00 |
| RUB | 12 000 000.00 | USD | 184 853.99 | 18.12.2019 | 1 360.38 | 0.00 |
| IDR | 4 140 000 000.00 | USD | 289 855.07 | 18.12.2019 | 3 110.11 | 0.00 |
| THB | 5 020 000.00 | USD | 165 005.65 | 18.12.2019 | 1 181.73 | 0.00 |
| PLN | 656 000.00 | USD | 168 038.94 | 18.12.2019 | -321.58 | 0.00 |
| TRY | 5 488 800.00 | USD | 920 175.20 | 18.12.2019 | 31 021.52 | 0.01 |
| COP | 782 000 000.00 | USD | 226 765.26 | 18.12.2019 | -5 111.44 | 0.00 |
| USD | 186 640.76 | CNY | 1 320 000.00 | 18.12.2019 | -1 120.67 | 0.00 |
| GBP | 640 000.00 | USD | 826 398.27 | 18.12.2019 | 2 048.57 | 0.00 |
| BRL | 6 900 000.00 | USD | 1 715 113.23 | 18.12.2019 | -84 745.44 | -0.02 |
| PLN | 880 000.00 | USD | 228 438.70 | 18.12.2019 | -3 451.99 | 0.00 |
| USD | 986 346.75 | BRL | 3 930 000.00 | 18.12.2019 | 57 745.97 | 0.01 |

UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD) Halbjahresbericht per 30. November 2019
| Bezeichnung	Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- |
| Nominal | NR Kursgewinn | Netto- |
|  | (-verlust) auf Futures/ | vermögens |
|  | Devisentermin- |  |
|  | kontrakten/ |  |
|  | Swaps (Erl. 1) |  |

Devisenterminkontrakte (Fortsetzung)
Devisenterminkontrakte (Kauf/Verkauf)
| ZAR | 21 000 000.00 | USD | 1 390 095.66 | 18.12.2019 | 39 513.32 | 0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| PEN | 621 000.00 | USD | 186 329.81 | 18.12.2019 | -3 790.48 | 0.00 |
| USD | 189 715.57 | IDR | 2 670 000 000.00 | 18.12.2019 | 774.26 | 0.00 |
| USD | 188 868.15 | TRY | 1 090 000.00 | 18.12.2019 | -26.40 | 0.00 |
| USD | 430 594.13 | PLN | 1 640 000.00 | 18.12.2019 | 11 300.72 | 0.00 |
| RON | 3 060 000.00 | USD | 718 361.63 | 18.12.2019 | -13 569.95 | 0.00 |
| USD | 503 833.14 | MXN | 9 680 000.00 | 18.12.2019 | 8 714.06 | 0.00 |
| CZK | 6 150 000.00 | USD | 268 520.26 | 18.12.2019 | -2 953.56 | 0.00 |
| USD | 206 712.09 | HKD | 1 620 000.00 | 18.12.2019 | -205.60 | 0.00 |
| COP | 699 000 000.00 | USD | 210 288.81 | 18.12.2019 | -12 160.91 | 0.00 |
| BRL | 1 160 000.00 | USD | 289 486.16 | 18.12.2019 | -15 395.34 | 0.00 |
| IDR | 3 530 000 000.00 | USD | 251 138.30 | 18.12.2019 | -1 339.49 | 0.00 |
| RUB | 21 400 000.00 | USD | 335 978.77 | 18.12.2019 | -3 896.48 | 0.00 |
| MYR | 1 150 000.00 | USD | 277 543.14 | 18.12.2019 | -2 700.82 | 0.00 |
| COP | 1 020 000 000.00 | USD | 305 100.56 | 18.12.2019 | -15 986.89 | 0.00 |
| MYR | 1 240 000.00 | USD | 300 387.60 | 18.12.2019 | -4 035.88 | 0.00 |
| TRY | 2 040 000.00 | USD | 350 687.92 | 18.12.2019 | 2 839.50 | 0.00 |
| CZK | 4 340 000.00 | USD | 188 448.09 | 18.12.2019 | -1 040.05 | 0.00 |
| BRL | 2 150 000.00 | USD | 524 070.69 | 18.12.2019 | -16 057.54 | 0.00 |
| CNY | 22 900 000.00 | USD | 3 283 154.12 | 18.12.2019 | -25 777.79 | -0.01 |
| MXN | 12 200 000.00 | USD | 631 435.19 | 18.12.2019 | -7 421.47 | 0.00 |
| ZAR | 8 480 000.00 | USD | 565 691.30 | 18.12.2019 | 11 598.42 | 0.00 |
| CZK | 5 410 000.00 | USD | 233 633.05 | 18.12.2019 | -20.72 | 0.00 |
| PLN | 2 160 000.00 | USD | 556 341.70 | 18.12.2019 | -4 101.60 | 0.00 |
| TRY | 1 370 000.00 | USD | 234 841.25 | 18.12.2019 | 2 576.67 | 0.00 |
| RON | 867 000.00 | USD | 200 296.86 | 18.12.2019 | -605.88 | 0.00 |
| IDR | 7 990 000 000.00 | USD | 565 143.58 | 18.12.2019 | 265.06 | 0.00 |
| BRL | 2 630 000.00 | USD | 629 156.50 | 18.12.2019 | -7 726.46 | 0.00 |
| EUR | 46 764 600.00 | USD | 51 500 217.22 | 4.12.2019 | 69 755.11 | 0.02 |
| USD | 564 302.53 | HKD | 4 420 000.00 | 18.12.2019 | -250.68 | 0.00 |
| MXN | 22 200 000.00 | USD | 1 150 420.42 | 18.12.2019 | -14 920.05 | 0.00 |
| THB | 40 000 000.00 | USD | 1 322 008.13 | 18.12.2019 | 2 194.06 | 0.00 |
| MYR | 4 480 000.00 | USD | 1 081 603.09 | 18.12.2019 | -10 913.02 | 0.00 |
| IDR | 11 500 000 000.00 | USD | 815 660.69 | 18.12.2019 | -1 868.53 | 0.00 |
| RUB | 70 900 000.00 | USD | 1 107 812.50 | 18.12.2019 | -7 595.95 | 0.00 |
| BRL | 22 200 000.00 | USD | 5 317 110.56 | 18.12.2019 | -71 579.43 | -0.02 |
| COP | 5 340 000 000.00 | USD | 1 558 073.24 | 18.12.2019 | -44 478.13 | -0.01 |
| USD | 529 145.81 | CNY | 3 710 000.00 | 18.12.2019 | 1 422.40 | 0.00 |
| CLP | 1 250 000 000.00 | USD | 1 619 170.98 | 18.12.2019 | -68 218.31 | -0.02 |
| CLP | 311 000 000.00 | USD | 391 268.79 | 18.12.2019 | -5 391.77 | 0.00 |
| USD | 2 049 734.08 | COP | 7 130 000 000.00 | 18.12.2019 | 28 772.82 | 0.01 |
| USD | 617 178.19 | EUR | 560 700.00 | 4.12.2019 | -1 137.45 | 0.00 |
| USD | 1 993 515.21 | MXN | 39 100 000.00 | 18.12.2019 | -6 397.61 | 0.00 |
| CLP | 1 510 000 000.00 | USD | 1 875 776.40 | 18.3.2020 | 1 848.83 | 0.00 |
| USD | 1 257 195.32 | TRY | 7 260 000.00 | 18.12.2019 | -946.38 | 0.00 |
| Total Devisenterminkontrakte (Kauf/Verkauf) | -1 320 268.20 | -0.33 |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 10 485 246.57 * | 2.65 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -75 032.18 | -0.02 |
| Andere Aktiva und Passiva | 6 819 385.48 | 1.73 |
| Total des Nettovermögens | 394 965 175.95 | 100.00 |
| * Zum 30. November 2019 wurden gegenüber Barclays Bankguthaben in Höhe von USD 1 460 000.00 als Sicherheit eingesetzt. |  |  |

UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD)
Halbjahresbericht per 30. November 2019