# UBS (Lux) Bond Fund – Global Flexible
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.9.2021 | 31.3.2021 | 31.3.2020 |
| Net assets in CHF |  | 377 799 647.22 | 330 462 860.01 | 268 395 407.42 |
| Class (CAD hedged) F-acc | LU1467593940 |  |  |  |
| Units outstanding |  | 13 760.0000 | 13 530.0000 | 13 630.0000 |
| Net asset value per unit in CAD |  | 125.08 | 122.42 | 111.70 |
| Issue and redemption price per unit in CAD 1 |  | 125.08 | 122.42 | 110.69 |
| Class (GBP hedged) F-acc | LU1991433100 |  |  |  |
| Units outstanding |  | 6 354.8690 | 6 465.8690 | 24 494.8690 |
| Net asset value per unit in GBP |  | 110.85 | 108.54 | 99.12 |
| Issue and redemption price per unit in GBP 1 |  | 110.85 | 108.54 | 98.23 |
| Class (EUR hedged) I-A1-acc 2 | LU0487187873 |  |  |  |
| Units outstanding |  | 100.7250 | 100.0000 | - |
| Net asset value per unit in EUR |  | 100.13 | 98.39 | - |
| Issue and redemption price per unit in EUR 1 |  | 100.13 | 98.39 | - |
| Class (EUR hedged) I-A3-acc 3 | LU2388426038 |  |  |  |
| Units outstanding |  | 600 000.0000 | - | - |
| Net asset value per unit in EUR |  | 99.37 | - | - |
| Issue and redemption price per unit in EUR 1 |  | 99.37 | - | - |
| Class I-B-acc 4 | LU0415185379 |  |  |  |
| Units outstanding |  | - | 50 343.6930 | - |
| Net asset value per unit in CHF |  | - | 99.11 | - |
| Issue and redemption price per unit in CHF 1 |  | - | 99.11 | - |
| Class (EUR hedged) I-B-acc 5 | LU2198574894 |  |  |  |
| Units outstanding |  | 359 913.1470 | 359 913.1470 | - |
| Net asset value per unit in EUR |  | 103.24 | 101.25 | - |
| Issue and redemption price per unit in EUR 1 |  | 103.24 | 101.25 | - |
| Class (EUR hedged) I-X-acc | LU0487188764 |  |  |  |
| Units outstanding |  | 147 991.8500 | 142 271.0000 | 187 816.5390 |
| Net asset value per unit in EUR |  | 114.64 | 112.39 | 102.90 |
| Issue and redemption price per unit in EUR 1 |  | 114.64 | 112.39 | 101.97 |
| Class P-acc | LU0071006638 |  |  |  |
| Units outstanding |  | 39 626.8010 | 41 137.8240 | 40 995.1730 |
| Net asset value per unit in CHF |  | 889.05 | 878.08 | 814.86 |
| Issue and redemption price per unit in CHF 1 |  | 889.05 | 878.08 | 807.53 |
| Class (CAD hedged) P-acc | LU1467572357 |  |  |  |
| Units outstanding |  | 422 434.9190 | 465 860.9870 | 505 235.2130 |
| Net asset value per unit in CAD |  | 119.75 | 117.71 | 108.36 |
| Issue and redemption price per unit in CAD 1 |  | 119.75 | 117.71 | 107.38 |
| Class (EUR hedged) P-acc | LU0487186396 |  |  |  |
| Units outstanding |  | 337 160.2240 | 354 165.6750 | 293 521.5500 |
| Net asset value per unit in EUR |  | 138.11 | 136.25 | 126.29 |
| Issue and redemption price per unit in EUR 1 |  | 138.11 | 136.25 | 125.15 |
| Class (GBP hedged) P-acc | LU1991433365 |  |  |  |
| Units outstanding |  | 132 282.8510 | 134 171.0270 | 151 997.1310 |
| Net asset value per unit in GBP |  | 108.67 | 106.88 | 98.47 |
| Issue and redemption price per unit in GBP 1 |  | 108.67 | 106.88 | 97.58 |
| Class (USD hedged) P-acc | LU2064451730 |  |  |  |
| Units outstanding |  | 383 808.4070 | 405 403.2010 | 436 772.0770 |
| Net asset value per unit in USD |  | 107.39 | 105.57 | 96.81 |
| Issue and redemption price per unit in USD 1 |  | 107.39 | 105.57 | 95.94 |
| Class P-dist | LU0071005408 |  |  |  |
| Units outstanding |  | 44 015.2570 | 46 369.8240 | 48 064.8810 |
| Net asset value per unit in CHF |  | 495.58 | 497.76 | 472.48 |
| Issue and redemption price per unit in CHF 1 |  | 495.58 | 497.76 | 468.23 |
| Class (CAD hedged) P-dist | LU1467578123 |  |  |  |
| Units outstanding |  | 115 513.4890 | 118 959.5700 | 120 427.7290 |
| Net asset value per unit in CAD |  | 110.80 | 110.58 | 104.09 |
| Issue and redemption price per unit in CAD 1 |  | 110.80 | 110.58 | 103.15 |
| Class (EUR hedged) P-dist | LU0487186123 |  |  |  |
| Units outstanding | 72 437.6210 | 68 395.2870 | 44 116.5780 |
| Net asset value per unit in EUR | 116.65 | 116.77 | 111.01 |
| Issue and redemption price per unit in EUR 1 | 116.65 | 116.77 | 110.01 |
| 1  See note 1 2  First NAV: 26.11.2020 3  First NAV: 27.9.2021 4  For the period from 4.9.2020 to 30.4.2021 the unit class I-B-acc was in circulation 5  First NAV: 16.7.2020 |  |  |  |

UBS (Lux) Bond Fund – Global Flexible Semi-Annual Report as of 30 September 2021
|  | ISIN | 30.9.2021 | 31.3.2021 | 31.3.2020 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class (GBP hedged) P-dist | LU1991433795 |  |  |  |
| Units outstanding |  | 49 769.4760 | 50 904.3160 | 54 392.6680 |
| Net asset value per unit in GBP |  | 105.67 | 105.51 | 98.47 |
| Issue and redemption price per unit in GBP 1 |  | 105.67 | 105.51 | 97.58 |
| Class (USD hedged) P-dist | LU2064452977 |  |  |  |
| Units outstanding |  | 49 924.2270 | 54 043.3930 | 62 419.8920 |
| Net asset value per unit in USD |  | 105.13 | 105.01 | 96.81 |
| Issue and redemption price per unit in USD 1 |  | 105.13 | 105.01 | 95.94 |
| Class (EUR hedged) P-2%-qdist | LU1669358571 |  |  |  |
| Units outstanding |  | 4 794.7340 | 3 745.5440 | 2 199.1680 |
| Net asset value per unit in EUR |  | 104.17 | 103.78 | 98.12 |
| Issue and redemption price per unit in EUR 1 |  | 104.17 | 103.78 | 97.24 |
| Class Q-acc | LU0415184216 |  |  |  |
| Units outstanding |  | 15 957.7830 | 18 667.2690 | 18 489.5480 |
| Net asset value per unit in CHF |  | 117.30 | 115.53 | 106.65 |
| Issue and redemption price per unit in CHF 1 |  | 117.30 | 115.53 | 105.69 |
| Class (CAD hedged) Q-acc | LU1467583982 |  |  |  |
| Units outstanding |  | 54 115.5260 | 54 928.6270 | 144 061.3420 |
| Net asset value per unit in CAD |  | 123.03 | 120.61 | 110.43 |
| Issue and redemption price per unit in CAD 1 |  | 123.03 | 120.61 | 109.44 |
| Class (EUR hedged) Q-acc 6 | LU0487187527 |  |  |  |
| Units outstanding |  | 7 747.7950 | 96.2830 | - |
| Net asset value per unit in EUR |  | 102.57 | 100.92 | - |
| Issue and redemption price per unit in EUR 1 |  | 102.57 | 100.92 | - |
| Class (GBP hedged) Q-acc | LU1991433878 |  |  |  |
| Units outstanding |  | 12 544.9190 | 12 962.0710 | 12 101.5020 |
| Net asset value per unit in GBP |  | 110.00 | 107.89 | 98.87 |
| Issue and redemption price per unit in GBP 1 |  | 110.00 | 107.89 | 97.98 |
| Class (USD hedged) Q-acc | LU2064456457 |  |  |  |
| Units outstanding |  | 71 212.6430 | 73 029.0250 | 83 074.6410 |
| Net asset value per unit in USD |  | 108.48 | 106.34 | 97.00 |
| Issue and redemption price per unit in USD 1 |  | 108.48 | 106.34 | 96.13 |
| Class Q-dist | LU0415184133 |  |  |  |
| Units outstanding |  | 22 875.9040 | 24 962.8270 | 22 763.5120 |
| Net asset value per unit in CHF |  | 104.17 | 104.88 | 99.21 |
| Issue and redemption price per unit in CHF 1 |  | 104.17 | 104.88 | 98.32 |
| Class (CAD hedged) Q-dist | LU1467589328 |  |  |  |
| Units outstanding |  | 8 745.8110 | 12 775.5580 | 9 751.5660 |
| Net asset value per unit in CAD |  | 110.30 | 111.41 | 104.66 |
| Issue and redemption price per unit in CAD 1 |  | 110.30 | 111.41 | 103.72 |
| Class (GBP hedged) Q-dist | LU1991433951 |  |  |  |
| Units outstanding |  | 3 569.6890 | 3 569.6890 | 3 944.7660 |
| Net asset value per unit in GBP |  | 105.98 | 106.07 | 98.88 |
| Issue and redemption price per unit in GBP 1 |  | 105.98 | 106.07 | 97.99 |
| Class (USD hedged) Q-dist | LU2064456614 |  |  |  |
| Units outstanding |  | 7 515.7770 | 9 200.7770 | 7 624.3740 |
| Net asset value per unit in USD |  | 104.93 | 105.58 | 97.00 |
| Issue and redemption price per unit in USD 1 |  | 104.93 | 105.58 | 96.13 |
| 1  See note 1 6  First NAV: 3.7.2020 |  |  |  |  |

UBS (Lux) Bond Fund – Global Flexible
Semi-Annual Report as of 30 September 2021

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
United States	31.65
New Zealand	7.61
United Kingdom	5.14
Luxembourg	4.32
Japan	3.53
France	3.38
Mexico	3.20
Spain	2.49
The Netherlands	2.43
Germany	2.33
Italy	2.08
Australia	2.08
China	1.75
Slovenia	1.75
Russian Federation (CIS)	1.43
South Africa	1.35
Brazil	1.15
Canada	1.04
Portugal	0.93
Cayman Islands	0.64
Romania	0.63
Austria	0.63
Ireland	0.59
Saudi Arabia	0.47
Ukraine	0.41
India	0.41
Qatar	0.31
Sweden	0.29
Turkey	0.29
Indonesia	0.25
British Virgin Islands	0.24
Mongolia	0.24
Chile	0.23
Uruguay	0.23
Thailand	0.22
Peru	0.22
Singapore	0.22
Kazakhstan	0.21
Bermuda	0.19
Philippines	0.18
Costa Rica	0.17
Oman	0.17
Colombia	0.16
South Korea	0.16
Hong Kong	0.16
Bulgaria	0.15
Finland	0.15
Jersey	0.13
Argentina	0.12
Belgium	0.12
Ecuador	0.11
Poland	0.09
Denmark	0.09
Norway	0.09
Egypt	0.08
Guatemala	0.08
Malaysia	0.07
Switzerland	0.03
Economic Breakdown as a % of net assets	
Countries & central governments	43.10
Banks & credit institutions	8.88
Mortgage & funding institutions	8.85
Finance & holding companies	7.94
Investment funds	2.77
Telecommunications	2.12
Traffic & transportation	1.59
Petroleum	1.41
Energy & water supply	1.32
Miscellaneous unclassified companies	1.02
Internet, software & IT services	0.92
Real Estate	0.89
Supranational organisations	0.88
Vehicles	0.87
Insurance	0.82
Computer hardware & network equipment providers	0.78
Pharmaceuticals, cosmetics & medical products	0.65
Mechanical engineering & industrial equipment	0.52
Tobacco & alcohol	0.51
Miscellaneous services	0.38
Retail trade, department stores	0.38
Chemicals	0.36
Healthcare & social services	0.36
Electrical devices & components	0.29
Mining, coal & steel	0.21
Graphic design, publishing & media	0.18
Packaging industry	0.16
Miscellaneous trading companies	0.14
Textiles, garments & leather goods	0.13
Aerospace industry	0.12
Electronics & semiconductors	0.09
Food & soft drinks	0.08
Environmental services & recycling	0.07
Biotechnology	0.04
Miscellaneous consumer goods	0.04
Total	88.87
Total	88.87
UBS (Lux) Bond Fund – Global Flexible Semi-Annual Report as of 30 September 2021

## Statement of Net Assets
Assets	30.9.2021
CHF
Investments in securities, cost	336 024 257.01
Investments in securities, unrealized appreciation (depreciation)	278 574.45
Total investments in securities (Note 1)	335 745 682.56
Cash at banks, deposits on demand and deposit accounts	60 408 262.02*
Other liquid assets (Margins)	3 784 592.08
Receivable on securities sales (Note 1)	6 768.94
Receivable on subscriptions	277 010.41
Interest receivable on securities	2 696 144.85
Interest receivable on liquid assets	838.41
Other receivables	150 446.18
Unrealized gain on Swaps (Note 1)	715 853.62
Unrealized gain on financial futures (Note 1)	146 242.18
Unrealized loss on TBA Mortgage Backed Securities (Note 1)	-68 519.71
Unrealized loss on forward foreign exchange contracts (Note 1)	-1 823 727.41
Bank overdraft	-10 618 963.11
Interest payable on bank overdraft	-691.92
Payable on securities purchases (Note 1)	-13 364 265.23
Payable on redemptions	-66 897.60
Provisions for flat fee (Note 2)	-121 915.25
Provisions for taxe d’abonnement (Note 3)	-33 749.55
Provisions for other commissions and fees (Note 2)		-33 464.25		 Total provisions			-189 129.05
Net assets at the end of the period	377 799 647.22

## Statement of Operations
Income	1.4.2021-30.9.2021
CHF
Interest on liquid assets	30 986.57
Interest on securities	4 398 766.67
Dividends	383 395.04
Interest received on swaps (Note 1)	2 197 405.85
Net income on securities lending	37 926.35
Total income	7 125 563.90
Expenses
Other income	77 083.42
Interest paid on swaps (Note 1)	-1 894 900.92
Flat fee (Note 2)	-1 485 552.92
Taxe d’abonnement (Note 3)	-66 979.35
Other commissions and fees (Note 2)	-32 316.28
Total expenses	-3 523 846.72
Net income (loss) on investments	3 601 717.18
Realized gain (loss) (Note 1)
Interest on cash and bank overdraft	-44 097.25
Realized gain (loss) on market-priced securities without options	-1 848 397.71
Realized gain (loss) on financial futures	578 029.60
Realized gain (loss) on forward foreign exchange contracts	-546 661.50
Realized gain (loss) on swaps	-841 856.86
Net realized gain (loss) of the period	618 098.48
Total realized gain (loss)	-2 983 618.70
Realized gain (loss) on foreign exchange	-324 732.23
Changes in unrealized appreciation (depreciation) (Note 1)
Unrealized appreciation (depreciation) on market-priced securities without options	-1 474 767.48 Unrealized appreciation (depreciation) on options		18 986.43
Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments	-5 913.74
Unrealized appreciation (depreciation) on TBA Mortgage Backed Securities	18 233.00
Unrealized appreciation (depreciation) on financial futures	600 321.66
Unrealized appreciation (depreciation) on forward foreign exchange contracts	-639 777.81
Total changes in unrealized appreciation (depreciation)	-942 161.38
Unrealized appreciation (depreciation) on swaps	540 756.56
Net increase (decrease) in net assets as a result of operations	-324 062.90
* As at 30 September 2021, cash amounts serve as collateral for the counterparty JP Morgan for an amount of CHF 32 433.80 and Bank of America for an amount of CHF 389 205.54.
UBS (Lux) Bond Fund – Global Flexible
Semi-Annual Report as of 30 September 2021
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | CHF |
|  | 1.4.2021-30.9.2021 |
| Net assets at the beginning of the period | 330 462 860.01 |
| Subscriptions | 78 501 787.44 |
| Redemptions | 	-29 880 534.37	 |
| Total net subscriptions (redemptions) | 48 621 253.07 |
| Dividend paid | -960 402.96 |
| Net income (loss) on investments | 3 601 717.18 |
| Total realized gain (loss) | -2 983 618.70 |
| Total changes in unrealized appreciation (depreciation) | 	-942 161.38	 |
| Net increase (decrease) in net assets as a result of operations | -324 062.90 |
| Net assets at the end of the period | 377 799 647.22 |
| Development of the outstanding units |  |
|  | 1.4.2021-30.9.2021 |
| Class | (CAD hedged) F-acc |
| Number of units outstanding at the beginning of the period | 13 530.0000 |
| Number of units issued | 230.0000 |
| Number of units redeemed | 0.0000 |
| Number of units outstanding at the end of the period | 13 760.0000 |
| Class | (GBP hedged) F-acc |
| Number of units outstanding at the beginning of the period | 6 465.8690 |
| Number of units issued | 301.0000 |
| Number of units redeemed | -412.0000 |
| Number of units outstanding at the end of the period | 6 354.8690 |
| Class | (EUR hedged) I-A1-acc |
| Number of units outstanding at the beginning of the period | 100.0000 |
| Number of units issued | 100.7250 |
| Number of units redeemed | -100.0000 |
| Number of units outstanding at the end of the period | 100.7250 |
| Class | (EUR hedged) I-A3-acc |
| Number of units outstanding at the beginning of the period | 0.0000 |
| Number of units issued | 600 000.0000 |
| Number of units redeemed | 0.0000 |
| Number of units outstanding at the end of the period | 600 000.0000 |
| Class | I-B-acc |
| Number of units outstanding at the beginning of the period | 50 343.6930 |
| Number of units issued | 0.0000 |
| Number of units redeemed | -50 343.6930 |
| Number of units outstanding at the end of the period | 0.0000 |
| Class | (EUR hedged) I-B-acc |
| Number of units outstanding at the beginning of the period | 359 913.1470 |
| Number of units issued | 0.0000 |
| Number of units redeemed | 0.0000 |
| Number of units outstanding at the end of the period | 359 913.1470 |
| Class | (EUR hedged) I-X-acc |
| Number of units outstanding at the beginning of the period | 142 271.0000 |
| Number of units issued | 5 720.8500 |
| Number of units redeemed | 0.0000 |
| Number of units outstanding at the end of the period | 147 991.8500 |
| Class | P-acc |
| Number of units outstanding at the beginning of the period | 41 137.8240 |
| Number of units issued | 1 336.1790 |
| Number of units redeemed | -2 847.2020 |
| Number of units outstanding at the end of the period | 39 626.8010 |
| Class | (CAD hedged) P-acc |
| Number of units outstanding at the beginning of the period | 465 860.9870 |
| Number of units issued | 9 367.5970 |
| Number of units redeemed | -52 793.6650 |
| Number of units outstanding at the end of the period | 422 434.9190 |
| Class | (EUR hedged) P-acc |
| Number of units outstanding at the beginning of the period | 354 165.6750 |
| Number of units issued | 45 141.6610 |
| Number of units redeemed | -62 147.1120 |
| Number of units outstanding at the end of the period | 337 160.2240 |
| Class | (GBP hedged) P-acc |
| Number of units outstanding at the beginning of the period | 134 171.0270 |
| Number of units issued | 4 726.0940 |
| Number of units redeemed | -6 614.2700 |
| Number of units outstanding at the end of the period | 132 282.8510 |
| Class | (USD hedged) P-acc |
| Number of units outstanding at the beginning of the period | 405 403.2010 |
| Number of units issued | 520.8480 |
| Number of units redeemed | -22 115.6420 |
| Number of units outstanding at the end of the period | 383 808.4070 |

UBS (Lux) Bond Fund – Global Flexible Semi-Annual Report as of 30 September 2021
| Class | P-dist |
| --- | --- |
| Number of units outstanding at the beginning of the period | 46 369.8240 |
| Number of units issued | 759.1080 |
| Number of units redeemed | -3 113.6750 |
| Number of units outstanding at the end of the period | 44 015.2570 |
| Class | (CAD hedged) P-dist |
| Number of units outstanding at the beginning of the period | 118 959.5700 |
| Number of units issued | 400.0540 |
| Number of units redeemed | -3 846.1350 |
| Number of units outstanding at the end of the period | 115 513.4890 |
| Class | (EUR hedged) P-dist |
| Number of units outstanding at the beginning of the period | 68 395.2870 |
| Number of units issued | 10 406.6510 |
| Number of units redeemed | -6 364.3170 |
| Number of units outstanding at the end of the period | 72 437.6210 |
| Class | (GBP hedged) P-dist |
| Number of units outstanding at the beginning of the period | 50 904.3160 |
| Number of units issued | 567.6540 |
| Number of units redeemed | -1 702.4940 |
| Number of units outstanding at the end of the period | 49 769.4760 |
| Class | (USD hedged) P-dist |
| Number of units outstanding at the beginning of the period | 54 043.3930 |
| Number of units issued | 561.8580 |
| Number of units redeemed | -4 681.0240 |
| Number of units outstanding at the end of the period | 49 924.2270 |
| Class | (EUR hedged) P-2%-qdist |
| Number of units outstanding at the beginning of the period | 3 745.5440 |
| Number of units issued | 2 436.9970 |
| Number of units redeemed | -1 387.8070 |
| Number of units outstanding at the end of the period | 4 794.7340 |
| Class | Q-acc |
| Number of units outstanding at the beginning of the period | 18 667.2690 |
| Number of units issued | 110.0000 |
| Number of units redeemed | -2 819.4860 |
| Number of units outstanding at the end of the period | 15 957.7830 |
| Class | (CAD hedged) Q-acc |
| Number of units outstanding at the beginning of the period | 54 928.6270 |
| Number of units issued | 1 162.2650 |
| Number of units redeemed | -1 975.3660 |
| Number of units outstanding at the end of the period | 54 115.5260 |
| Class | (EUR hedged) Q-acc |
| Number of units outstanding at the beginning of the period | 96.2830 |
| Number of units issued | 7 844.9590 |
| Number of units redeemed | -193.4470 |
| Number of units outstanding at the end of the period | 7 747.7950 |
| Class | (GBP hedged) Q-acc |
| Number of units outstanding at the beginning of the period | 12 962.0710 |
| Number of units issued | 0.0000 |
| Number of units redeemed | -417.1520 |
| Number of units outstanding at the end of the period | 12 544.9190 |
| Class | (USD hedged) Q-acc |
| Number of units outstanding at the beginning of the period | 73 029.0250 |
| Number of units issued | 477.2720 |
| Number of units redeemed | -2 293.6540 |
| Number of units outstanding at the end of the period | 71 212.6430 |
| Class | Q-dist |
| Number of units outstanding at the beginning of the period | 24 962.8270 |
| Number of units issued | 317.9130 |
| Number of units redeemed | -2 404.8360 |
| Number of units outstanding at the end of the period | 22 875.9040 |
| Class | (CAD hedged) Q-dist |
| Number of units outstanding at the beginning of the period | 12 775.5580 |
| Number of units issued | 400.0000 |
| Number of units redeemed | -4 429.7470 |
| Number of units outstanding at the end of the period | 8 745.8110 |
| Class | (GBP hedged) Q-dist |
| Number of units outstanding at the beginning of the period | 3 569.6890 |
| Number of units issued | 0.0000 |
| Number of units redeemed | 0.0000 |
| Number of units outstanding at the end of the period | 3 569.6890 |
| Class | (USD hedged) Q-dist |
| Number of units outstanding at the beginning of the period | 9 200.7770 |
| Number of units issued | 0.0000 |
| Number of units redeemed | -1 685.0000 |
| Number of units outstanding at the end of the period | 7 515.7770 |

UBS (Lux) Bond Fund – Global Flexible
Semi-Annual Report as of 30 September 2021
| Annual Distribution 1 |  |
| --- | --- |
| UBS (Lux) Bond Fund – Global Flexible | Ex-Date | Pay-Date | Currency | Amount per unit |
| P-dist | 1.6.2021 | 4.6.2021 | CHF | 8.38 |
| (CAD hedged) P-dist | 1.6.2021 | 4.6.2021 | CAD | 1.69 |
| (EUR hedged) P-dist | 1.6.2021 | 4.6.2021 | EUR | 1.71 |
| (GBP hedged) P-dist | 1.6.2021 | 4.6.2021 | GBP | 1.60 |
| (USD hedged) P-dist | 1.6.2021 | 4.6.2021 | USD | 1.68 |
| Q-dist | 1.6.2021 | 4.6.2021 | CHF | 2.30 |
| (CAD hedged) Q-dist | 1.6.2021 | 4.6.2021 | CAD | 3.32 |
| (GBP hedged) Q-dist | 1.6.2021 | 4.6.2021 | GBP | 2.15 |
| (USD hedged) Q-dist | 1.6.2021 | 4.6.2021 | USD | 2.75 |

| Quarterly Distribution 1 |  |
| --- | --- |
| UBS (Lux) Bond Fund – Global Flexible | Ex-Date | Pay-Date | Currency | Amount per unit |
| (EUR hedged) P-2%-qdist | 12.4.2021 | 15.4.2021 | EUR | 0.51 |
| (EUR hedged) P-2%-qdist | 12.7.2021 | 15.7.2021 | EUR | 0.52 |
| 1  See note 4 |  |  |  |  |

UBS (Lux) Bond Fund – Global Flexible Semi-Annual Report as of 30 September 2021

## Statement of Investments in Securities and other Net Assets as of 30 September 2021
| Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Notes, fixed rate |  |  |  |
| BRL |  |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 10.00000% 16-01.01.27 | 3 500.00 | 583 571.28 | 0.16 |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 10.00000% 20-01.01.31 | 14 400.00 | 2 309 294.61 | 0.61 |
| Total BRL |  | 2 892 865.89 | 0.77 |
| CAD |  |  |  |
| CAD	AUSTRIA, REPUBLIC OF-144A 5.37500% 04-01.12.34 | 2 500 000.00 | 2 391 935.35 | 0.63 |
| Total CAD |  | 2 391 935.35 | 0.63 |
| EUR |  |  |  |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 8.00000% 19-15.05.27 | 160 000.00 | 184 050.97 | 0.05 |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 900 000.00 | 1 017 149.77 | 0.27 |
| EUR	ARDAGH PACKAGING FINANCE/MP-REG-S 2.12500% 19-15.08.26 | 400 000.00 | 432 450.60 | 0.11 |
| EUR	BACARDI LTD-REG-S 2.75000% 13-03.07.23 | 100 000.00 | 113 189.62 | 0.03 |
| EUR	BP CAPITAL MARKETS BV-REG-S 0.93300% 20-04.12.40 | 225 000.00 | 221 024.96 | 0.06 |
| EUR	BULGARIAN ENERGY HOLDING EAD-REG-S 2.45000% 21-22.07.28 | 530 000.00 | 574 830.64 | 0.15 |
| EUR	CHINA, PEOPLE’S REPUBLIC OF-REG-S 1.00000% 19-12.11.39 | 385 000.00 | 411 629.12 | 0.11 |
| EUR	FISERV INC 1.62500% 19-01.07.30 | 245 000.00 | 283 828.97 | 0.08 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 3.37500% 20-27.03.25 | 275 000.00 | 331 380.30 | 0.09 |
| EUR	GTC AURORA LUXEMBOURG SA-REG-S 2.25000% 21-23.06.26 | 320 000.00 | 351 699.28 | 0.09 |
| EUR	INTERNATIONAL GAME TECHNOLOGY PLC-REG-S 2.37500% 19-15.04.28 | 220 000.00 | 234 577.42 | 0.06 |
| EUR	JAGUAR LAND ROVER AUTOMOTIVE PLC-REG-S 4.50000% 18-15.01.26 | 400 000.00 | 437 856.24 | 0.12 |
| EUR	JAGUAR LAND ROVER AUTOMOTIVE PLC-REG-S 4.50000% 21-15.07.28 | 645 000.00 | 687 393.87 | 0.18 |
| EUR	LOXAM SAS-REG-S 3.75000% 19-15.07.26 | 600 000.00 | 662 622.44 | 0.18 |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.12500% 20-11.02.28 | 200 000.00 | 217 526.97 | 0.06 |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.37500% 20-11.02.31 | 200 000.00 | 218 363.77 | 0.06 |
| EUR	MACIF-REG-S-SUB 0.62500% 21-21.06.27 | 400 000.00 | 429 505.62 | 0.11 |
| EUR	NATIONAL GRID ELECTRICITY TRANS-REG-S 0.19000% 20-20.01.25 | 100 000.00 | 108 814.31 | 0.03 |
| EUR	SOFTBANK GROUP CORP-REG-S 5.00000% 18-15.04.28 | 350 000.00 | 398 091.59 | 0.11 |
| EUR	TELE COLUMBUS AG-REG-S 3.87500% 18-02.05.25 | 750 000.00 | 812 872.00 | 0.22 |
| EUR	TRITAX EUROBOX PLC-REG-S 0.95000% 21-02.06.26 | 190 000.00 | 207 656.13 | 0.05 |
| EUR	UKRAINE, GOVERNMENT OF-REG-S 4.37500% 20-27.01.30 | 1 000 000.00 | 1 002 744.84 | 0.27 |
| EUR	VANTAGE TOWERS AG-REG-S 0.37500% 21-31.03.27 | 400 000.00 | 432 052.75 | 0.11 |
| EUR	VERISURE MIDHOLDING AB-REG-S 5.25000% 21-15.02.29 | 215 000.00 | 238 457.81 | 0.06 |
| Total EUR |  | 10 009 769.99 | 2.66 |
| GBP |  |  |  |
| GBP	AMERICA MOVIL SAB DE CV 4.37500% 12-07.08.41 | 100 000.00 | 158 900.49 | 0.04 |
| GBP	BROADGATE FINANCING PLC 4.82100% 05-05.07.33 | 100 000.00 | 161 498.54 | 0.04 |
| GBP	BUPA FINANCE PLC-REG-S 1.75000% 20-14.06.27 | 250 000.00 | 319 537.39 | 0.09 |
| GBP	CPUK FINANCE LTD-REG-S 4.50000% 21-28.08.27 | 140 000.00 | 178 993.02 | 0.05 |
| GBP	GOLDMAN SACHS GROUP INC 7.25000% 08-10.04.28 | 250 000.00 | 419 992.88 | 0.11 |
| Total GBP |  | 1 238 922.32 | 0.33 |
| USD |  |  |  |
| USD	3M CO 2.65000% 20-15.04.25 | 140 000.00 | 137 868.97 | 0.04 |
| USD	ABBOTT LABORATORIES 4.90000% 16-30.11.46 | 60 000.00 | 75 783.60 | 0.02 |
| USD	ABBVIE INC 4.25000% 18-14.11.28 | 115 000.00 | 123 575.58 | 0.03 |
| USD	ABBVIE INC 4.87500% 18-14.11.48 | 180 000.00 | 215 399.22 | 0.06 |
| USD	ADOBE INC 2.15000% 20-01.02.27 | 135 000.00 | 131 948.19 | 0.04 |
| USD	AERCAP IRELAND CAP/ GLBL AVIATION TRUST 6.50000% 20-15.07.25 | 150 000.00 | 162 232.18 | 0.04 |
| USD	AIR PRODUCTS & CHEMICALS INC 2.05000% 20-15.05.30 | 135 000.00 | 127 300.19 | 0.03 |
| USD	ALBEMARLE CORPORATION 5.45000% 14-01.12.44 | 85 000.00 | 100 872.09 | 0.03 |
| USD	ALTRIA GROUP INC 4.40000% 19-14.02.26 | 34 000.00 | 35 622.73 | 0.01 |
| USD	ALTRIA GROUP INC 4.80000% 19-14.02.29 | 10 000.00 | 10 720.18 | 0.00 |
| USD	AMBER CIRCLE FUNDING LTD-REG-S 3.25000% 12-04.12.22 | 280 000.00 | 268 776.09 | 0.07 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 425 000.00 | 412 188.60 | 0.11 |
| USD	AMGEN INC 4.40000% 15-01.05.45 | 35 000.00 | 39 054.93 | 0.01 |
| USD	ANHEUSER-BUSCH COS 3.65000% 19-01.02.26 | 60 000.00 | 61 390.20 | 0.02 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.75000% 19-23.01.29 | 265 000.00 | 291 029.16 | 0.08 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.50000% 20-01.06.50 | 190 000.00 | 211 577.01 | 0.06 |
| USD	ANTHEM INC 3.65000% 17-01.12.27 | 50 000.00 | 51 813.63 | 0.01 |
| USD	APPLE INC 1.80000% 19-11.09.24 | 80 000.00 | 77 233.26 | 0.02 |
| USD	APPLE INC 3.85000% 16-04.08.46 | 270 000.00 | 294 514.81 | 0.08 |
| USD	APT PIPELINES LTD-REG-S 4.20000% 15-23.03.25 | 590 000.00 | 598 978.32 | 0.16 |
| USD	ARGENTINA, REPUBLIC OF STEP-UP 20-09.07.35 | 552 900.00 | 168 141.92 | 0.04 |
| USD	ARGENTINA, REPUBLIC OF STEP-UP 20-09.01.38 | 140 203.00 | 50 418.92 | 0.01 |
| USD	ARGENTINA, REPUBLIC OF 1.00000% 20-09.07.29 | 32 880.00 | 11 747.42 | 0.00 |
| USD	AT&T INC 4.35000% 19-01.03.29 | 350 000.00 | 374 368.41 | 0.10 |
| USD	AT&T INC 4.75000% 15-15.05.46 | 290 000.00 | 323 589.30 | 0.09 |
| USD	BAT CAPITAL CORP 3.22200% 18-15.08.24 | 500 000.00 | 494 459.82 | 0.13 |
| USD	BOEING CO/THE 2.19600% 21-04.02.26 | 350 000.00 | 328 904.37 | 0.09 |
| USD	BRISTOL MYERS SQUIBB CO 4.25000% 20-26.10.49 | 295 000.00 | 341 339.92 | 0.09 |
| USD	BRISTOL-MYERS SQUIBB CO 2.60000% 20-16.05.22 | 135 000.00 | 127 790.52 | 0.03 |
| USD	CANADIAN NATURAL RESOURCES LTD 3.85000% 17-01.06.27 | 240 000.00 | 244 871.51 | 0.06 |
| USD	CCO LLC/CAPITAL 4.50000% 18-01.02.24 | 95 000.00 | 95 879.45 | 0.03 |
| USD	CHEVRON USA INC 3.85000% 21-15.01.28 | 70 000.00 | 73 730.25 | 0.02 |
| USD	CHILE, REPUBLIC OF 3.86000% 17-21.06.47 | 685 000.00 | 686 647.86 | 0.18 |
| USD	CIGNA CORP 2.40000% 20-15.03.30 | 230 000.00 | 218 114.97 | 0.06 |
| USD	CIGNA CORP 4.90000% 19-15.12.48 | 70 000.00 | 83 490.31 | 0.02 |
| USD	CITIGROUP INC 4.65000% 18-23.07.48 | 175 000.00 | 210 582.80 | 0.06 |
| USD	CNOOC PETROLEUM NORTH AMERICA ULC 6.40000% 07-15.05.37 | 500 000.00 | 619 406.57 | 0.16 |
| USD	CNPC GENERAL CAPITAL LTD-REG-S 3.40000% 13-16.04.23 | 300 000.00 | 290 139.67 | 0.08 |
| USD	COCA-COLA FEMSA SA 2.75000% 20-22.01.30 | 300 000.00 | 287 603.48 | 0.08 |
| USD	COMCAST CORP 3.95000% 18-15.10.25 | 75 000.00 | 77 611.82 | 0.02 |
| USD	COMCAST CORP 4.15000% 18-15.10.28 | 50 000.00 | 53 640.49 | 0.01 |
| USD	CORP NACIONAL DEL COBRE DE CHILE-REG-S 3.62500% 17-01.08.27 | 200 000.00 | 200 131.31 | 0.05 |

UBS (Lux) Bond Fund – Global Flexible
Semi-Annual Report as of 30 September 2021
|  | Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | COSTA RICA, REPUBLIC OF-REG-S 7.15800% 15-12.03.45 | 700 000.00 | 653 117.44 | 0.17 |
| USD | COSTCO WHOLESALE CORP 1.60000% 20-20.04.30 | 75 000.00 | 68 367.74 | 0.02 |
| USD | CVS HEALTH CORP 4.30000% 18-25.03.28 | 30 000.00 | 31 921.80 | 0.01 |
| USD | CVS HEALTH CORP 5.12500% 15-20.07.45 | 315 000.00 | 378 689.90 | 0.10 |
| USD | DISCOVERY COMMUNICATIONS LLC 5.30000% 19-15.05.49 | 140 000.00 | 163 147.79 | 0.04 |
| USD | ECUADOR GOVT INTERNATIONAL BD-REG-S STEP-UP/DOWN 20-31.07.35 | 331 851.00 | 201 218.68 | 0.05 |
| USD | ECUADOR, REPUBLIC OF-REG-S STEP-UP 0.50000% 20-31.07.30 | 126 630.00 | 98 931.19 | 0.03 |
| USD | ECUADOR, REPUBLIC OF-REG-S STEP-UP 20-31.07.40 | 152 090.00 | 82 182.34 | 0.02 |
| USD | ENABLE MIDSTREAM PARTNERS LP 3.90000% 15-15.05.24 | 240 000.00 | 237 706.41 | 0.06 |
| USD | ENERGY TRANSFER LP 6.05000% 11-01.06.41 | 350 000.00 | 405 060.30 | 0.11 |
| USD | ENERGY TRANSFER LP 6.00000% 18-15.06.48 | 190 000.00 | 224 910.28 | 0.06 |
| USD | EQT CORP 3.90000% 17-01.10.27 | 570 000.00 | 575 448.21 | 0.15 |
| USD | FIRSTENERGY CORP 2.25000% 20-01.09.30 | 100 000.00 | 90 020.02 | 0.02 |
| USD | FISERV INC 3.20000% 19-01.07.26 | 270 000.00 | 271 930.20 | 0.07 |
| USD | FLOWSERVE CORP 3.50000% 20-01.10.30 | 450 000.00 | 438 331.85 | 0.12 |
| USD | FOMENTO ECONOMICO MEXIC SAB DE CV 3.50000% 20-16.01.50 | 270 000.00 | 261 939.24 | 0.07 |
| USD | FORD MOTOR CO 9.00000% 20-22.04.25 | 750 000.00 | 841 335.08 | 0.22 |
| USD | FORD MOTOR CREDIT CO LLC 4.37500% 13-06.08.23 | 600 000.00 | 582 859.60 | 0.15 |
| USD | GAZ CAPITAL SA/GAZPROM-REG-S LPN 6.51000% 07-07.03.22 | 300 000.00 | 286 291.67 | 0.08 |
| USD | GE CAPITAL INTL FUNDING CO 4.41800% 16-15.11.35 | 510 000.00 | 570 929.06 | 0.15 |
| USD | GENERAL ELECTRIC CO 3.45000% 20-01.05.27 | 75 000.00 | 76 732.94 | 0.02 |
| USD | GENERAL MOTORS CO 6.12500% 20-01.10.25 | 275 000.00 | 300 578.31 | 0.08 |
| USD | GENERAL MOTORS FINANCIAL CO 4.35000% 18-09.04.25 | 240 000.00 | 245 829.46 | 0.07 |
| USD | GEORGIA POWER CO 2.10000% 20-30.07.23 | 165 000.00 | 158 476.67 | 0.04 |
| USD | GILEAD SCIENCES INC 4.75000% 15-01.03.46 | 100 000.00 | 117 304.06 | 0.03 |
| USD | GLENCORE FUNDING LLC-REG-S 4.12500% 19-12.03.24 | 370 000.00 | 369 779.91 | 0.10 |
| USD | GOLDMAN SACHS GROUP INC 3.50000% 20-01.04.25 | 550 000.00 | 551 600.57 | 0.15 |
| USD | GUATEMALA, REPUBLIC OF-REG-S 5.75000% 12-06.06.22 | 300 000.00 | 286 029.30 | 0.08 |
| USD | HARTFORD FINANCIAL SERVICES GROUP INC 4.40000% 18-15.03.48 | 80 000.00 | 90 985.57 | 0.02 |
| USD | HSBC HOLDINGS PLC 4.95000% 20-31.03.30 | 200 000.00 | 221 885.92 | 0.06 |
| USD | ILLINOIS TOOL WORKS INC 2.65000% 16-15.11.26 | 155 000.00 | 154 612.85 | 0.04 |
| USD | IMPERIAL BRANDS FINANCE PLC-REG-S 3.12500% 19-26.07.24 | 750 000.00 | 736 149.53 | 0.20 |
| USD | INDONESIA, REPUBLIC OF-REG-S 5.25000% 12-17.01.42 | 660 000.00 | 747 590.66 | 0.20 |
| USD | INTERNATIONAL BUSINESS MACHINES CORP 2.85000% 19-13.05.22 | 740 000.00 | 701 575.07 | 0.19 |
| USD | INTERNATIONAL BUSINESS MACHINES CORP 3.30000% 19-15.05.26 | 425 000.00 | 432 119.13 | 0.11 |
| USD | JPMORGAN CHASE & CO 3.20000% 13-25.01.23 | 700 000.00 | 677 852.87 | 0.18 |
| USD | JPMORGAN CHASE & CO 3.90000% 15-15.07.25 | 820 000.00 | 836 434.05 | 0.22 |
| USD | KOREA NATIONAL OIL CORP-REG-S 3.37500% 17-27.03.27 | 600 000.00 | 611 413.21 | 0.16 |
| USD | LLOYDS BANKING GROUP PLC 4.45000% 18-08.05.25 | 200 000.00 | 206 968.50 | 0.06 |
| USD | MEITUAN DIANPING-REG-S 3.05000% 20-28.10.30 | 1 150 000.00 | 993 190.82 | 0.26 |
| USD | MEXICHEM SAB DE CV-REG-S 4.00000% 17-04.10.27 | 200 000.00 | 203 279.67 | 0.05 |
| USD | MEXICHEM SAB DE CV-REG-S 5.50000% 17-15.01.48 | 200 000.00 | 219 021.53 | 0.06 |
| USD | MICROSOFT CORP 2.92100% 21-17.03.52 | 260 000.00 | 250 738.26 | 0.07 |
| USD | MPLX LP 5.20000% 17-01.03.47 | 80 000.00 | 90 515.71 | 0.02 |
| USD | NATWEST GROUP PLC 3.87500% 16-12.09.23 | 200 000.00 | 197 809.26 | 0.05 |
| USD | NATWEST GROUP PLC 4.80000% 16-05.04.26 | 200 000.00 | 212 084.64 | 0.06 |
| USD | NIKE INC 2.40000% 20-27.03.25 | 65 000.00 | 63 631.65 | 0.02 |
| USD | OMAN GOVT INTERNATIONAL BOND-REG-S 6.75000% 18-17.01.48 | 710 000.00 | 652 926.78 | 0.17 |
| USD | ORACLE CORP 2.50000% 20-01.04.25 | 150 000.00 | 146 381.47 | 0.04 |
| USD | PAYPAL HOLDINGS INC 2.65000% 19-01.10.26 | 130 000.00 | 129 573.37 | 0.03 |
| USD | PEGASUS HAVA TASIMACILIGI AS-REG-S 9.25000% 21-30.04.26 | 345 000.00 | 339 534.08 | 0.09 |
| USD | PETROLEOS MEXICANOS 6.84000% 20-23.01.30 | 450 000.00 | 431 494.43 | 0.11 |
| USD | PHILIP MORRIS INTERNATIONAL INC 1.50000% 20-01.05.25 | 160 000.00 | 151 454.11 | 0.04 |
| USD | PHILIPPINES, REPUBLIC OF THE 2.45700% 20-05.05.30 | 700 000.00 | 666 126.73 | 0.18 |
| USD | PHILLIPS 66 PARTNERS LP 4.68000% 15-15.02.45 | 180 000.00 | 193 091.26 | 0.05 |
| USD | PLAINS ALL AMERICAN PIPELINE LP 3.80000% 20-15.09.30 | 145 000.00 | 144 406.30 | 0.04 |
| USD | QATAR, STATE OF-REG-S 5.10300% 18-23.04.48 | 950 000.00 | 1 174 391.11 | 0.31 |
| USD | QUALCOMM INC 4.30000% 17-20.05.47 | 65 000.00 | 75 253.57 | 0.02 |
| USD | REYNOLDS AMERICAN INC 5.70000% 15-15.08.35 | 130 000.00 | 145 145.03 | 0.04 |
| USD | ROCHE HOLDINGS INC-REG-S 2.62500% 16-15.05.26 | 500 000.00 | 494 798.79 | 0.13 |
| USD | ROPER TECHNOLOGIES INC 2.00000% 20-30.06.30 | 215 000.00 | 196 368.65 | 0.05 |
| USD | ROPER TECHNOLOGIES INC 1.00000% 20-15.09.25 | 200 000.00 | 185 573.29 | 0.05 |
| USD | SANTOS FINANCE LTD-REG-S 3.64900% 21-29.04.31 | 520 000.00 | 493 964.24 | 0.13 |
| USD | SAUDI ARABIAN OIL CO-REG-S 1.62500% 20-24.11.25 | 200 000.00 | 186 336.78 | 0.05 |
| USD | SGSP AUSTRALIA ASSETS PTY LTD-REG-S 3.25000% 16-29.07.26 | 200 000.00 | 200 364.65 | 0.05 |
| USD | SHIMAO PROPERTY HOLDINGS LTD-REG-S 3.45000% 21-11.01.31 | 210 000.00 | 174 349.66 | 0.05 |
| USD | SHIMAO PROPERTY HOLDINGS LTD-REG-S 5.20000% 21-16.01.27 | 250 000.00 | 225 341.58 | 0.06 |
| USD | SINOPEC CAPITAL 2013 LTD-REG-S 3.12500% 13-24.04.23 | 640 000.00 | 617 048.19 | 0.16 |
| USD | SOUTHERN CO 4.40000% 16-01.07.46 | 90 000.00 | 98 711.86 | 0.03 |
| USD | SOUTHWEST AIRLINES CO 4.75000% 20-04.05.23 | 70 000.00 | 69 515.24 | 0.02 |
| USD | SOUTHWEST AIRLINES CO 5.12500% 20-15.06.27 | 115 000.00 | 125 458.75 | 0.03 |
| USD | SPRINT CORP 7.87500% 14-15.09.23 | 400 000.00 | 416 927.97 | 0.11 |
| USD | SUMITOMO MITSUI FIN GP INC-SUB 3.20200% 19-17.09.29 | 155 000.00 | 152 332.84 | 0.04 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 7.00000% 20-09.07.25 | 260 000.00 | 193 426.45 | 0.05 |
| USD | SUNCORP-METWAY LTD-REG-S 2.80000% 17-04.05.22 | 80 000.00 | 75 706.50 | 0.02 |
| USD | TEVA PHARMACEUTICAL FINANCE NL III BV 2.80000% 16-21.07.23 | 220 000.00 | 202 866.89 | 0.05 |
| USD | TRUIST FINANCIAL CORP 2.70000% 16-27.01.22 | 185 000.00 | 173 580.20 | 0.05 |
| USD | TURKEY, REPUBLIC OF 6.87500% 06-17.03.36 | 820 000.00 | 741 893.27 | 0.20 |
| USD | UKRAINE, GOVERNMENT OF-REG-S 7.37500% 17-25.09.32 | 570 000.00 | 542 292.53 | 0.14 |
| USD | UNITED RENTALS NORTH AMERICA INC 3.87500% 19-15.11.27 | 150 000.00 | 146 574.06 | 0.04 |
| USD | UNITED TECHNOLOGIES CORP 3.95000% 18-16.08.25 | 105 000.00 | 107 872.55 | 0.03 |
| USD | URUGUAY, REPUBLIC OF 4.12500% 12-20.11.45 | 800 000.00 | 870 022.55 | 0.23 |
| USD | VALE OVERSEAS LTD 3.75000% 20-08.07.30 | 120 000.00 | 115 546.53 | 0.03 |
| USD | VEB FINANCE PLC-REG-S LPN 5.94200% 13-21.11.23 | 400 000.00 | 405 879.31 | 0.11 |
| USD | VERIZON COMMUNICATIONS INC 3.37600% 18-15.02.25 | 390 000.00 | 393 730.02 | 0.10 |
| USD | VERIZON COMMUNICATIONS INC 2.98700% 21-30.10.56 | 59 000.00 | 50 820.31 | 0.01 |
| USD | VERIZON COMMUNICATIONS INC 2.10000% 21-22.03.28 | 855 000.00 | 809 622.31 | 0.21 |
| USD | VIACOMCBS INC 4.75000% 20-15.05.25 | 605 000.00 | 633 376.99 | 0.17 |
| USD | VIRGINIA ELECTRIC & POWER CO 3.80000% 18-01.04.28 | 50 000.00 | 52 068.89 | 0.01 |
| USD | VISA INC 1.90000% 20-15.04.27 | 210 000.00 | 202 251.25 | 0.05 |
| USD | VISTRA OPERATIONS CO LLC-144A 4.37500% 21-01.05.29 | 105 000.00 | 98 549.68 | 0.03 |
| USD | VMWARE INC 1.00000% 21-15.08.24 | 260 000.00 | 243 351.00 | 0.06 |
| USD | WALT DISNEY CO 1.75000% 19-30.08.24 | 300 000.00 | 288 530.51 | 0.08 |
| USD | WASTE CONNECTIONS INC 2.95000% 21-15.01.52 | 300 000.00 | 273 824.93 | 0.07 |
| USD | WESTPAC BANKING CORP 2.80000% 17-11.01.22 | 60 000.00 | 56 364.82 | 0.02 |
| USD | WESTPAC BANKING CORP-SUB 4.42100% 19-24.07.39 | 185 000.00 | 202 364.25 | 0.05 |

UBS (Lux) Bond Fund – Global Flexible Semi-Annual Report as of 30 September 2021
|  | Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Unrealized gain | of net |
|  |  |  | (loss) on Futures/ | assets |
|  |  |  | Forward |  |
|  |  |  | Exchange Contracts/ |  |
|  |  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | XLIT LTD 5.25000% 13-15.12.43 | 200 000.00 | 255 307.62 | 0.07 |
| USD | YPF SA-REG-S 6.95000% 17-21.07.27 | 160 000.00 | 110 076.30 | 0.03 |
| USD | YPF SA-REG-S 7.00000% 17-15.12.47 | 180 000.00 | 110 801.59 | 0.03 |
| Total USD |  |  | 40 252 590.99 | 10.65 |
| Total Notes, fixed rate |  | 56 786 084.54 | 15.04 |
| Notes, zero coupon |  |  |  |
| USD |  |  |  |
| USD	ECUADOR, REPUBLIC OF-REG-S 0.00000% 20-31.07.30 | 43 462.00 | 21 082.63 | 0.01 |
| Total USD |  | 21 082.63 | 0.01 |
| Total Notes, zero coupon |  | 21 082.63 | 0.01 |
| Notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	ABANCA CORP BANCARIA SA-REG-S-SUB VAR 21-PRP | 200 000.00 | 232 172.35 | 0.06 |
| EUR	BARCLAYS PLC-REG-S 0.577%VAR 21-09.08.29 | 825 000.00 | 880 580.46 | 0.23 |
| EUR	BRITISH AMERICAN TOBACCO PLC-REG-S -SUB 3.750%/VAR 21-PRP | 500 000.00 | 537 049.60 | 0.14 |
| EUR	ENI SPA-REG-S-SUB 3.375%/VAR 20-PRP | 110 000.00 | 126 689.64 | 0.04 |
| EUR	RAKUTEN GROUP INC-REG-S-SUB 4.250%VAR 21-PRP | 585 000.00 | 637 358.48 | 0.17 |
| EUR	WINTERSHALL DEA FINANCE 2BV-REG-S-SUB 3.000%/VAR 21-PRP | 1 000 000.00 | 1 070 676.34 | 0.28 |
| Total EUR |  | 3 484 526.87 | 0.92 |
| USD |  |  |  |
| USD	ALLIANZ SE-REG-S-SUB 3.500%/VAR 20-PRP | 200 000.00 | 188 752.86 | 0.05 |
| USD	BK OF AMERICA CORP 3.004%/VAR 18-20.12.23 | 370 000.00 | 355 705.87 | 0.09 |
| USD	DEUTSCHE BANK AG/NEW YORK NY 2.222%/VAR 20-18.09.24 | 150 000.00 | 143 424.47 | 0.04 |
| USD	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.625%/VAR 14-PRP | 150 000.00 | 149 217.29 | 0.04 |
| USD	JPMORGAN CHASE & CO-SUB 2.956%/VAR 20-13.05.31 | 385 000.00 | 373 641.66 | 0.10 |
| USD	LLOYDS BANKING GROUP PLC 3.574%/3M LIBOR+120.5BP 17-07.11.28 | 200 000.00 | 203 070.65 | 0.05 |
| USD	NATWEST GROUP PLC 3.498%/VAR 17-15.05.23 | 200 000.00 | 189 965.33 | 0.05 |
| USD	STANDARD CHARTERED PLC-REG-S 3.885%/VAR 18-15.03.24 | 230 000.00 | 224 056.96 | 0.06 |
| USD	VODAFONE GROUP PLC-SUB 3.250%/VAR 21-04.06.81 | 240 000.00 | 227 242.26 | 0.06 |
| USD	WESTPAC BANKING CORP-SUB 4.110%/VAR 19-24.07.34 | 360 000.00 | 365 165.94 | 0.10 |
| Total USD |  | 2 420 243.29 | 0.64 |
| Total Notes, floating rate |  | 5 904 770.16 | 1.56 |
| Medium term notes, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	AURIZON NETWORK PTY LTD-REG-S 4.00000% 17-21.06.24 | 80 000.00 | 57 565.16 | 0.02 |
| AUD	QANTAS AIRWAYS LTD 3.15000% 21-27.09.28 | 300 000.00 | 199 773.91 | 0.05 |
| Total AUD |  | 257 339.07 | 0.07 |
| CAD |  |  |  |
| CAD	NEDERLANDSE WATERSCHAPSBANK NV 5.20000% 05-31.03.25 | 2 000 000.00 | 1 668 136.24 | 0.44 |
| Total CAD |  | 1 668 136.24 | 0.44 |
| EUR |  |  |  |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 2.37500% 19-27.09.27 | 100 000.00 | 118 857.75 | 0.03 |
| EUR	ABN AMRO BANK NV-REG-S 1.25000% 18-10.01.33 | 400 000.00 | 479 955.30 | 0.13 |
| EUR	AEROPORTI DI ROMA SPA-REG-S 1.75000% 21-30.07.31 | 295 000.00 | 330 471.29 | 0.09 |
| EUR	AKELIUS RESIDENTIAL PROPERTY AB-REG-S 1.75000% 17-07.02.25 | 200 000.00 | 227 579.29 | 0.06 |
| EUR	AROUNDTOWN SA-REG-S 2.00000% 18-02.11.26 | 100 000.00 | 116 969.24 | 0.03 |
| EUR	ASTRAZENECA PLC-REG-S 0.37500% 21-03.06.29 | 250 000.00 | 270 157.83 | 0.07 |
| EUR	AUTOSTRADE PER L’ITALIA SPA-REG-S 1.12500% 15-04.11.21 | 100 000.00 | 108 112.65 | 0.03 |
| EUR	BANCO DE SABADELL SA-REG-S-SUB 2.50000% 21-15.04.31 | 800 000.00 | 878 532.05 | 0.23 |
| EUR	BANCO SANTANDER SA-REG-S-SUB 3.25000% 16-04.04.26 | 100 000.00 | 121 433.21 | 0.03 |
| EUR	BANK OF IRELAND GROUP PLC-REG-S 1.37500% 18-29.08.23 | 165 000.00 | 183 352.13 | 0.05 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S-SUB 3.00000% 15-11.09.25 | 400 000.00 | 479 668.15 | 0.13 |
| EUR	BPCE SA-REG-S 1.37500% 18-23.03.26 | 100 000.00 | 113 570.61 | 0.03 |
| EUR	CANAL DE ISABEL II GESTION SA-REG-S 1.68000% 15-26.02.25 | 200 000.00 | 227 860.93 | 0.06 |
| EUR	CELLNEX FINANCE CO SA-REG-S 1.50000% 21-08.06.28 | 900 000.00 | 974 097.80 | 0.26 |
| EUR	CELLNEX FINANCE CO SA-REG-S 2.00000% 21-15.09.32 | 500 000.00 | 529 330.35 | 0.14 |
| EUR	CNH INDUSTRIAL FINANCE EUROPE SA-REG-S 1.87500% 18-19.01.26 | 200 000.00 | 230 470.33 | 0.06 |
| EUR	COMMERZBANK AG-REG-S 0.62500% 19-28.08.24 | 145 000.00 | 159 890.23 | 0.04 |
| EUR	CPI PROPERTY GROUP SA-REG-S 2.75000% 20-12.05.26 | 210 000.00 | 248 693.59 | 0.07 |
| EUR	CREDIT AGRICOLE SA LONDON-REG-S 1.37500% 18-13.03.25 | 100 000.00 | 113 065.29 | 0.03 |
| EUR	CTP BV-REG-S 0.50000% 21-21.06.25 | 375 000.00 | 407 487.66 | 0.11 |
| EUR	DAIMLER AG-REG-S 2.00000% 20-22.08.26 | 205 000.00 | 242 508.57 | 0.06 |
| EUR	DANSKE BANK AS-REG-S 1.37500% 19-24.05.22 | 170 000.00 | 185 858.06 | 0.05 |
| EUR	DANSKE BANK AS-REG-S-SUB 1.50000% 20-02.09.30 | 130 000.00 | 144 056.17 | 0.04 |
| EUR	DEUTSCHE BANK AG-REG-S 1.12500% 18-30.08.23 | 395 000.00 | 437 946.19 | 0.12 |
| EUR	DEUTSCHE LUFTHANSA AG-REG-S 2.00000% 21-14.07.24 | 600 000.00 | 660 550.56 | 0.17 |
| EUR	DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 295 000.00 | 321 608.16 | 0.09 |
| EUR	EDP FINANCE BV-REG-S 1.50000% 17-22.11.27 | 455 000.00 | 527 009.54 | 0.14 |
| EUR	ELECTRICITE DE FRANCE-REG-S 2.00000% 19-09.12.49 | 100 000.00 | 114 331.09 | 0.03 |
| EUR	ELENIA VERKKO OYJ-REG-S 0.37500% 20-06.02.27 | 105 000.00 | 113 898.34 | 0.03 |
| EUR	ELIA TRANSMISSION BELGIUM SA-REG-S 0.87500% 20-28.04.30 | 100 000.00 | 111 218.88 | 0.03 |
| EUR	EUROPEAN FINANCIAL STABILITY FAC-REG-S 1.80000% 17-10.07.48 | 1 185 000.00 | 1 652 461.61 | 0.44 |
| EUR	FORD MOTOR CREDIT CO LLC 3.02100% 19-06.03.24 | 100 000.00 | 112 687.12 | 0.03 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 2.00000% 18-01.11.28 | 320 000.00 | 380 795.24 | 0.10 |
| EUR	HEIDELBERGCEMENT FIN LUX SA-REG-S 1.12500% 19-01.12.27 | 70 000.00 | 79 175.22 | 0.02 |
| EUR	JDE PEET’S NV-REG-S 0.50000% 21-16.01.29 | 150 000.00 | 160 173.51 | 0.04 |
| EUR	KBC GROUP NV-REG-S 1.12500% 19-25.01.24 | 200 000.00 | 223 112.08 | 0.06 |
| EUR	NEW YORK LIFE GLOBAL FUNDING-REG-S 0.25000% 20-23.01.27 | 500 000.00 | 544 887.76 | 0.14 |
| EUR	ORANO SA 4.87500% 09-23.09.24 | 50 000.00 | 60 971.21 | 0.02 |
| EUR	PPF ARENA 1 BV-REG-S 2.12500% 19-31.01.25 | 600 000.00 | 668 234.78 | 0.18 |
| EUR	REDEXIS GAS FINANCE BV-REG-S 1.87500% 15-27.04.27 | 560 000.00 | 648 606.54 | 0.17 |

UBS (Lux) Bond Fund – Global Flexible
Semi-Annual Report as of 30 September 2021
|  | Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Unrealized gain | of net |
|  |  |  | (loss) on Futures/ | assets |
|  |  |  | Forward |  |
|  |  |  | Exchange Contracts/ |  |
|  |  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| EUR | REN FINANCE B V-REG-S 2.50000% 15-12.02.25 | 360 000.00 | 422 247.53 | 0.11 |
| EUR | ROMANIA-REG-S 4.62500% 19-03.04.49 | 1 200 000.00 | 1 518 550.30 | 0.40 |
| EUR | RYANAIR DAC-REG-S 0.87500% 21-25.05.26 | 425 000.00 | 466 728.42 | 0.12 |
| EUR | SVENSKA HANDELSBANKEN AB-REG-S 1.00000% 20-15.04.25 | 155 000.00 | 174 515.55 | 0.05 |
| EUR | TOTAL CAPITAL INTERNATIONAL SA-REG-S 1.99400% 20-08.04.32 | 100 000.00 | 123 764.98 | 0.03 |
| EUR | TRATON FINANCE LUXEMBOURG SA-REG-S 1.25000% 21-24.03.33 | 400 000.00 | 435 330.73 | 0.12 |
| EUR | UNION FENOSA FINANCE BV-REG-S 1.25000% 20-15.01.26 | 200 000.00 | 226 962.64 | 0.06 |
| EUR | VODAFONE GROUP PLC-REG-S 2.50000% 19-24.05.39 | 230 000.00 | 287 723.45 | 0.08 |
| EUR | VOLKSWAGEN FINANCIAL SERVICES AG-REG-S 1.50000% 19-01.10.24 | 140 000.00 | 157 870.63 | 0.04 |
| EUR | VONOVIA SE-REG-S 1.62500% 21-01.09.51 | 200 000.00 | 201 621.44 | 0.05 |
| EUR | WESTPAC BANKING CORP-REG-S 0.01000% 21-22.09.28 | 1 225 000.00 | 1 320 155.20 | 0.35 |
| EUR | ZF FINANCE GMBH-REG-S 3.75000% 20-21.09.28 | 600 000.00 | 707 056.73 | 0.19 |
| Total EUR |  |  | 19 752 173.91 | 5.24 |
| GBP |  |  |  |  |
| GBP | AA BOND CO LTD-REG-S 3.25000% 21-31.07.28 | 120 000.00 | 154 155.57 | 0.04 |
| GBP | ANGLIAN WATER SERVICES FINANCING PLC 4.50000% 12-05.10.27 | 100 000.00 | 148 495.60 | 0.04 |
| GBP | BANK OF AMERICA CORP 7.00000% 08-31.07.28 | 250 000.00 | 423 052.50 | 0.11 |
| GBP | BAT INTERNATIONAL FINANCE PLC 6.00000% 09-24.11.34 | 50 000.00 | 79 440.60 | 0.02 |
| GBP | BG ENERGY CAPITAL PLC-REG-S 5.00000% 11-04.11.36 | 100 000.00 | 169 438.43 | 0.04 |
| GBP | CITIGROUP INC 5.15000% 03-21.05.26 | 200 000.00 | 293 953.32 | 0.08 |
| GBP | ELECTRICITE DE FRANCE 5.50000% 11-17.10.41 | 100 000.00 | 180 085.69 | 0.05 |
| GBP | GOLDMAN SACHS GROUP INC-REG-S 4.25000% 14-29.01.26 | 100 000.00 | 140 650.13 | 0.04 |
| GBP | HEATHROW FUNDING LTD 6.75000% 09-03.12.26 | 100 000.00 | 155 819.81 | 0.04 |
| GBP | LLOYDS BANK PLC 6.50000% 10-17.09.40 | 100 000.00 | 209 611.23 | 0.06 |
| GBP | LLOYDS BANK PLC 7.50000% 09-15.04.24 | 100 000.00 | 146 528.37 | 0.04 |
| GBP | LLOYDS BANKING GROUP PLC 2.25000% 17-16.10.24 | 200 000.00 | 259 885.82 | 0.07 |
| GBP | METROPOLITAN LIFE GLOBAL FUNDING-REG-S 3.50000% 12-30.09.26 | 200 000.00 | 280 010.26 | 0.07 |
| GBP | MORGAN STANLEY 2.62500% 17-09.03.27 | 100 000.00 | 132 993.10 | 0.04 |
| GBP | NATIONWIDE BUILDING SOCIETY-REG-S 5.62500% 11-28.01.26 | 200 000.00 | 301 897.63 | 0.08 |
| GBP | PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 4.12500% 17-20.07.22 | 160 000.00 | 206 277.34 | 0.05 |
| GBP | SCENTRE GROUP TRUST 1-REG-S 3.87500% 14-16.07.26 | 150 000.00 | 209 342.06 | 0.06 |
| GBP | VICINITY CENTRES TRUST-REG-S 3.37500% 16-07.04.26 | 150 000.00 | 203 983.80 | 0.05 |
| GBP | WELLS FARGO & CO-REG-S 2.00000% 16-28.07.25 | 200 000.00 | 257 734.98 | 0.07 |
| GBP | YORKSHIRE WATER SERVICES FINANCE PLC 6.37500% 09-19.08.39 | 100 000.00 | 201 022.92 | 0.05 |
| Total GBP |  |  | 4 154 379.16 | 1.10 |
| USD |  |  |  |  |
| USD | BANK OF AMERICA CORP 3.87500% 15-01.08.25 | 750 000.00 | 771 037.04 | 0.20 |
| USD | EGYPT, REPUBLIC OF-REG-S 8.70020% 19-01.03.49 | 350 000.00 | 315 070.09 | 0.08 |
| USD | EXPORT IMPORT BANK OF THAILAND-REG-S 1.45700% 20-15.10.25 | 895 000.00 | 831 911.81 | 0.22 |
| USD | GENERAL ELECTRIC CO 6.75000% 02-15.03.32 | 60 000.00 | 76 561.49 | 0.02 |
| USD | INDIAN RAILWAY FINANCE CORP LTD-REG-S 2.80000% 21-10.02.31 | 775 000.00 | 697 445.53 | 0.18 |
| USD | MEXICO, UNITED STATES OF 4.75000% 12-08.03.44 | 400 000.00 | 396 764.43 | 0.11 |
| USD | MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 850 000.00 | 896 646.66 | 0.24 |
| USD | MORGAN STANLEY 4.00000% 15-23.07.25 | 650 000.00 | 668 019.39 | 0.18 |
| USD | MORGAN STANLEY-SUB 4.35000% 14-08.09.26 | 615 000.00 | 647 543.79 | 0.17 |
| USD | PERTAMINA PERSERO PT-REG-S 4.70000% 19-30.07.49 | 205 000.00 | 205 373.63 | 0.05 |
| USD | QTEL INTERNATIONAL FINANCE LTD-REG-S 2.62500% 21-08.04.31 | 205 000.00 | 195 058.94 | 0.05 |
| USD | REC LTD-REG-S 2.25000% 21-01.09.26 | 920 000.00 | 836 122.78 | 0.22 |
| USD | ROMANIA-REG-S 6.12500% 14-22.01.44 | 720 000.00 | 877 891.14 | 0.23 |
| USD | SAUDI ARABIAN OIL CO-REG-S 3.50000% 19-16.04.29 | 970 000.00 | 971 202.38 | 0.26 |
| USD | SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 4.00000% 18-17.04.25 | 600 000.00 | 612 602.60 | 0.16 |
| USD | SUMITOMO CORP-REG-S 1.55000% 21-06.07.26 | 560 000.00 | 520 000.35 | 0.14 |
| USD | UNITED OVERSEAS BANK LTD-REG-S 1.62500% 19-05.09.22 | 870 000.00 | 822 277.66 | 0.22 |
| Total USD |  |  | 10 341 529.71 | 2.73 |
| Total Medium term notes, fixed rate |  | 36 173 558.09 | 9.58 |
| Medium term notes, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	SIEMENS FINANCIERINGSMAATSCH NV-REG-S 0.00000% 20-20.02.23 | 500 000.00 | 543 390.40 | 0.14 |
| EUR	VOLKSWAGEN LEASING GMBH-REG-S 0.00000% 21-19.07.24 | 660 000.00 | 712 942.69 | 0.19 |
| Total EUR |  | 1 256 333.09 | 0.33 |
| Total Medium term notes, zero coupon |  | 1 256 333.09 | 0.33 |
| Medium term notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	AXA SA-REG-S-SUB 3.250%/VAR 18-28.05.49 | 120 000.00 | 148 400.96 | 0.04 |
| EUR	BARCLAYS PLC-REG-S 3.375%/VAR 20-02.04.25 | 460 000.00 | 538 109.87 | 0.14 |
| EUR	COMMONWEALTH BK OF AUSTRLIA-REG-S-SUB 1.936%/VAR 17-03.10.29 | 120 000.00 | 135 841.82 | 0.04 |
| EUR	CREDIT AGRICOLE SA-REG-S 1.000%/VAR 20-22.04.26 | 400 000.00 | 445 614.40 | 0.12 |
| EUR	CREDIT SUISSE GROUP AG-REG-S 3.250%/VAR 20-02.04.26 | 100 000.00 | 119 062.30 | 0.03 |
| EUR	DEUTSCHE BANK AG-REG-S 1.000%/VAR 20-19.11.25 | 300 000.00 | 331 295.00 | 0.09 |
| EUR	DEUTSCHE BANK AG-REG-S 1.750%/VAR 20-19.11.30 | 200 000.00 | 227 533.88 | 0.06 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 100 000.00 | 113 595.04 | 0.03 |
| EUR	LLOYDS BANKING GROUP PLC-REG-S 3.500%/VAR 20-01.04.26 | 150 000.00 | 181 402.22 | 0.05 |
| EUR	NATWEST GROUP PLC-REG-S 2.000%/VAR 17-08.03.23 | 300 000.00 | 327 451.60 | 0.09 |
| EUR	NATWEST GROUP PLC-REG-S 2.000%/VAR 18-04.03.25 | 200 000.00 | 226 512.44 | 0.06 |
| EUR	NATWEST GROUP PLC-REG-S-SUB 1.043%/VAR 21-14.09.32 | 370 000.00 | 398 443.15 | 0.10 |
| EUR	TOTAL SE-REG-S-SUB 2.625%/VAR 15-PRP | 100 000.00 | 113 873.55 | 0.03 |
| EUR	TOTAL SE-REG-S-SUB 2.125%/VAR 21-PRP | 450 000.00 | 475 554.68 | 0.12 |
| Total EUR |  | 3 782 690.91 | 1.00 |
| GBP |  |  |  |
| GBP	ELECTRICITE DE FRANCE SA-REG-S-SUB 6.000%/VAR 13-PRP | 100 000.00 | 138 825.56 | 0.04 |
| GBP	HEATHROW FUNDING LTD-REG-S 6.450%/6M LIBOR+400BP 08-10.12.31 | 100 000.00 | 169 097.56 | 0.04 |
| Total GBP |  | 307 923.12 | 0.08 |

UBS (Lux) Bond Fund – Global Flexible Semi-Annual Report as of 30 September 2021
|  | Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Unrealized gain | of net |
|  |  |  | (loss) on Futures/ | assets |
|  |  |  | Forward |  |
|  |  |  | Exchange Contracts/ |  |
|  |  |  | Swaps (Note 1) |  |
| USD |  |  |  |  |
| USD | BANK OF AMERICA CORP 2.816%/VAR 17-21.07.23 | 1 000 000.00 | 950 584.14 | 0.25 |
| USD | MORGAN STANLEY 3.622%/VAR 20-01.04.31 | 590 000.00 | 606 611.86 | 0.16 |
| Total USD |  |  | 1 557 196.00 | 0.41 |
| Total Medium term notes, floating rate |  | 5 647 810.03 | 1.49 |
| Bonds, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	AUSTRALIA-REG-S 3.25000% 12-21.04.29 | 2 500 000.00 | 1 933 275.85 | 0.51 |
| Total AUD |  | 1 933 275.85 | 0.51 |
| CAD |  |  |  |
| CAD	CANADA, GOVERNMENT 1.25000% 19-01.06.30 | 3 330 000.00 | 2 421 162.71 | 0.64 |
| CAD	CANADA, GOVERNMENT 4.00000% 08-01.06.41 | 313 000.00 | 311 445.99 | 0.09 |
| CAD	INTER-AMERICAN DEVELOPMENT BANK 4.40000% 06-26.01.26 | 2 000 000.00 | 1 665 299.80 | 0.44 |
| CAD	KREDITANSTALT FUER WIEDERAUFBAU 5.05000% 05-04.02.25 | 1 000 000.00 | 832 868.60 | 0.22 |
| Total CAD |  | 5 230 777.10 | 1.39 |
| CNY |  |  |  |
| CNY	CHINA DEVELOPMENT BANK CORP 3.80000% 16-25.01.36 | 40 000 000.00 | 6 004 245.53 | 1.59 |
| Total CNY |  | 6 004 245.53 | 1.59 |
| EUR |  |  |  |
| EUR	ABBOTT IRELAND FINCING DAC-REG-S 0.87500% 18-27.09.23 | 155 000.00 | 171 445.59 | 0.05 |
| EUR	ADLER REAL ESTATE AG-REG-S 3.00000% 18-27.04.26 | 300 000.00 | 283 471.37 | 0.08 |
| EUR	ADO PROPERTIES SA-REG-S 1.50000% 17-26.07.24 | 100 000.00 | 94 868.85 | 0.03 |
| EUR	ALSTRIA OFFICE REIT-AG-REG-S 1.50000% 20-23.06.26 | 200 000.00 | 225 229.79 | 0.06 |
| EUR	AROUNDTOWN SA-REG-S 0.37500% 19-23.09.22 | 100 000.00 | 108 601.97 | 0.03 |
| EUR	AUTOSTRADE PER L’ITALIA SPA REG-S 2.00000% 21-15.01.30 | 750 000.00 | 850 170.86 | 0.23 |
| EUR	BPCE SA-REG-S 0.25000% 20-15.01.26 | 300 000.00 | 327 004.01 | 0.09 |
| EUR	CELANESE US HOLDINGS LLC 0.62500% 21-10.09.28 | 340 000.00 | 365 413.53 | 0.10 |
| EUR	CHUBB INA HOLDINGS INC 2.50000% 18-15.03.38 | 205 000.00 | 264 891.52 | 0.07 |
| EUR	FINNAIR OYJ-REG-S 4.25000% 21-19.05.25 | 390 000.00 | 435 869.67 | 0.12 |
| EUR	FRANCE, REPUBLIC OF-OAT-144A-REG-S 1.50000% 19-25.05.50 | 830 000.00 | 1 038 661.68 | 0.27 |
| EUR	INEOS QUATTRO FINANCE 2 PLC-REG-S 2.50000% 21-15.01.26 | 250 000.00 | 272 639.03 | 0.07 |
| EUR	INTRUM JUSTITIA AB-REG-S 3.12500% 17-15.07.24 | 435 000.00 | 472 665.00 | 0.12 |
| EUR	ITALY, REPUBLIC OF-BTP 5.00000% 03-01.08.34 | 630 000.00 | 996 076.62 | 0.26 |
| EUR	ITALY, REPUBLIC OF-BTP 4.00000% 05-01.02.37 | 598 000.00 | 886 693.48 | 0.23 |
| EUR	ITALY, REPUBLIC OF-BTP-144A-REG-S 3.250% 14-01.09.46 | 3 210 000.00 | 4 560 820.83 | 1.21 |
| EUR	MATTERHORN TELECOM SA-REG-S 3.12500% 19-15.09.26 | 100 000.00 | 108 112.65 | 0.03 |
| EUR	MPT OPERATING PARTNERSHIP LP/FIN CORP 3.32500% 17-24.03.25 | 235 000.00 | 275 869.07 | 0.07 |
| EUR	PORTUGAL, REPUBLIC OF-144A-REG-S 2.87500% 15-15.10.25 | 2 360 000.00 | 2 901 966.72 | 0.77 |
| EUR	PORTUGAL, REPUBLIC OF-144A-REG-S 1.95000% 19-15.06.29 | 500 000.00 | 621 453.14 | 0.16 |
| EUR	RESA SA/BELGIUM-REG-S 1.00000% 16-22.07.26 | 100 000.00 | 112 274.07 | 0.03 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 1.50000% 15-25.03.35 | 3 750 000.00 | 4 577 576.12 | 1.21 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 3.12500% 15-07.08.45 | 1 250 000.00 | 2 027 433.84 | 0.54 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 5.15000% 13-31.10.44 | 1 310 000.00 | 2 582 153.90 | 0.68 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 3.45000% 16-30.07.66 | 600 000.00 | 994 669.26 | 0.26 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 1.40000% 18-30.07.28 | 2 360 000.00 | 2 792 622.42 | 0.74 |
| EUR	STANDARD PROFIL AUTOMOTIVE GMBH-REG-S 6.25000% 21-30.04.26 | 830 000.00 | 818 369.52 | 0.22 |
| EUR	TAURON POLSKA ENERGIA SA-REG-S 2.37500% 17-05.07.27 | 300 000.00 | 339 906.17 | 0.09 |
| EUR	TEVA PHARMACEUTICAL FINANCE II BV-REG-S 1.12500% 16-15.10.24 | 200 000.00 | 206 265.43 | 0.05 |
| EUR	UMG GROUPE VYV 1.62500% 19-02.07.29 | 100 000.00 | 115 386.90 | 0.03 |
| EUR	UNITED GROUP BV-REG-S 3.12500% 20-15.02.26 | 435 000.00 | 454 770.46 | 0.12 |
| EUR	UPC HOLDING BV-REG-S 3.87500% 17-15.06.29 | 250 000.00 | 277 422.47 | 0.07 |
| EUR	UTAH ACQUISITION SUB INC-REG-S 3.12500% 16-22.11.28 | 105 000.00 | 131 144.50 | 0.03 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 1.12500% 17-02.10.23 | 200 000.00 | 221 600.67 | 0.06 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 4.12500% 18-16.11.38 | 100 000.00 | 149 048.42 | 0.04 |
| Total EUR |  | 31 062 569.53 | 8.22 |
| GBP |  |  |  |
| GBP	ALLIANZ FINANCE II BV 4.50000% 13-13.03.43 | 100 000.00 | 185 245.64 | 0.05 |
| GBP	BELLIS ACQUISITION CO PLC-REG-S 3.25000% 21-16.02.26 | 415 000.00 | 512 704.24 | 0.14 |
| GBP	BERKELEY GROUP PLC/THE-REG-S 2.50000% 21-11.08.31 | 305 000.00 | 371 883.96 | 0.10 |
| GBP	BUPA FINANCE PLC-REG-S-SUB 5.00000% 13-25.04.23 | 140 000.00 | 187 176.81 | 0.05 |
| GBP	CANARY WHARF FINANCE II PLC 6.45500% 00-22.07.30 | 400 000.00 | 103 245.51 | 0.03 |
| GBP	COMCAST CORP 5.50000% 10-23.11.29 | 100 000.00 | 161 461.58 | 0.04 |
| GBP	FRIENDS LIFE HOLDINGS PLC-REG-S-SUB 8.25000% 11-21.04.22 | 100 000.00 | 131 033.19 | 0.03 |
| GBP	HSBC HOLDINGS PLC-SUB 6.75000% 08-11.09.28 | 200 000.00 | 320 210.32 | 0.08 |
| GBP	PREMIER FOODS FINANCE PLC-REG-S 3.50000% 21-15.10.26 | 560 000.00 | 708 780.61 | 0.19 |
| GBP	ROTHESAY LIFE PLC-REG-S-SUB 3.37500% 19-12.07.26 | 315 000.00 | 422 142.32 | 0.11 |
| GBP	SCOTTISH WIDOWS PLC-REG-S-SUB 5.50000% 13-16.06.23 | 140 000.00 | 188 771.51 | 0.05 |
| GBP	SOUTHERN ELECTRIC POWER DISTRIBUTION 5.50000% 01-07.06.32 | 200 000.00 | 332 534.33 | 0.09 |
| GBP	UNITED KINGDOM OF GREAT BRITAIN-REG-S 0.87500% 19-22.10.29 | 2 500 000.00 | 3 145 935.78 | 0.83 |
| GBP	VERY GROUP FUNDING PLC/THE-REG-S 6.50000% 21-01.08.26 | 800 000.00 | 1 019 941.65 | 0.27 |
| GBP	WELLS FARGO & CO?4.62500% 06-03.11.35 | 200 000.00 | 321 536.05 | 0.09 |
| GBP	YORKSHIRE ELECTRICITY DISTRIBUTION PLC 5.12500% 05-04.05.35 | 100 000.00 | 166 507.87 | 0.04 |
| Total GBP |  | 8 279 111.37 | 2.19 |
| JPY |  |  |  |
| JPY	JAPAN 0.30000% 16-20.06.46 | 240 000 000.00 | 1 886 545.01 | 0.50 |
| JPY	JAPAN 0.40000% 16-20.03.56 | 120 000 000.00 | 906 501.95 | 0.24 |
| JPY	JAPAN 0.40000% 20-20.09.40 | 250 000 000.00 | 2 080 801.04 | 0.55 |
| JPY	JAPAN 1.20000% 15-20.09.35 | 148 150 000.00 | 1 403 532.52 | 0.37 |
| JPY	JAPAN 1.50000% 15-20.03.45 | 30 000 000.00 | 304 021.73 | 0.08 |
| Total JPY |  | 6 581 402.25 | 1.74 |
| MXN |  |  |  |
| MXN	MEXICO, UNITED MEXICAN STATES 7.75000% 11-29.05.31 | 570 000.00 | 2 653 646.76 | 0.70 |
| MXN	MEXICO, UNITED MEXICAN STATES 7.75000% 11-13.11.42 | 1 590 600.00 | 7 132 015.12 | 1.89 |
| Total MXN |  | 9 785 661.88 | 2.59 |

UBS (Lux) Bond Fund – Global Flexible
Semi-Annual Report as of 30 September 2021
|  | Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Unrealized gain | of net |
|  |  |  | (loss) on Futures/ | assets |
|  |  |  | Forward |  |
|  |  |  | Exchange Contracts/ |  |
|  |  |  | Swaps (Note 1) |  |
| USD |  |  |  |  |
| USD | BALTIMORE GAS & ELECTRIC CO 3.50000% 16-15.08.46 | 70 000.00 | 70 822.60 | 0.02 |
| USD | BRAZIL, FEDERATIVE REPUBLIC OF 7.12500% 06-20.01.37 | 800 000.00 | 896 375.57 | 0.24 |
| USD | CITIGROUP INC 3.87500% 13-25.10.23 | 590 000.00 | 588 766.15 | 0.16 |
| USD | CNAC HK FINBRIDGE CO LTD-REG-S 3.50000% 17-19.07.22 | 355 000.00 | 337 278.31 | 0.09 |
| USD | CNAC HK FINBRIDGE CO LTD-REG-S 4.62500% 18-14.03.23 | 255 000.00 | 249 102.16 | 0.07 |
| USD | COLOMBIA, REPUBLIC OF 6.12500% 09-18.01.41 | 600 000.00 | 615 611.03 | 0.16 |
| USD | CONSUMERS ENERGY COMPANY 3.25000% 16-15.08.46 | 40 000.00 | 39 113.16 | 0.01 |
| USD | COUNTRY GARDEN HOLDINGS CO LTD-REG-S 2.70000% 21-12.07.26 | 210 000.00 | 181 206.11 | 0.05 |
| USD | GAZ CAPITAL SA/GAZPROM-REG-S LPN 7.28800% 07-16.08.37 | 400 000.00 | 516 985.47 | 0.14 |
| USD | GOLDMAN SACHS GROUP INC-SUB 5.15000% 15-22.05.45 | 260 000.00 | 318 036.43 | 0.08 |
| USD | HCA INC 5.37500% 15-01.02.25 | 400 000.00 | 416 983.95 | 0.11 |
| USD | KAZAKHSTAN, REPUBLIC OF-REG-S 4.87500% 14-14-10.44 | 700 000.00 | 800 245.37 | 0.21 |
| USD | MALAYSIA WAKALA SUKUK BHD-REG-S 3.07500% 21-28.04.51 | 285 000.00 | 269 816.95 | 0.07 |
| USD | MEXICO CITY AIRPORT TRUST-REG-S 5.50000% 17-31.07.47 | 370 000.00 | 350 763.26 | 0.09 |
| USD | NETFLIX INC 4.37500% 16-15.11.26 | 400 000.00 | 416 983.95 | 0.11 |
| USD | PACIFIC GAS & ELECTRIC CO 2.10000% 20-01.08.27 | 125 000.00 | 113 797.04 | 0.03 |
| USD | PACIFIC GAS & ELECTRIC CO 2.50000% 20-01.02.31 | 135 000.00 | 119 861.79 | 0.03 |
| USD | PACIFIC GAS AND ELECTRIC CO 3.00000% 21-15.06.28 | 195 000.00 | 185 108.50 | 0.05 |
| USD | PACIFICORP 2.70000% 20-15.09.30 | 55 000.00 | 53 402.23 | 0.01 |
| USD | PACIFICORP 6.00000% 09-15.01.39 | 150 000.00 | 195 053.64 | 0.05 |
| USD | PERU, REPUBLIC OF 2.78300% 20-23.01.31 | 640 000.00 | 591 725.41 | 0.16 |
| USD | PERU, REPUBLIC OF 8.75000% 03-21.11.33 | 164 000.00 | 235 772.71 | 0.06 |
| USD | REYNOLDS AMERICAN INC 4.45000% 15-12.06.25 | 200 000.00 | 205 678.65 | 0.06 |
| USD | SOUTHERN CALIFORNIA EDISON CO 4.00000% 17-01.04.47 | 85 000.00 | 85 028.72 | 0.02 |
| USD | SOUTHERN CALIFORNIA EDISON CO 3.70000% 18-01.08.25 | 150 000.00 | 152 140.44 | 0.04 |
| USD | SOUTHERN CALIFORNIA EDISON CO 2.85000% 19-01.08.29 | 75 000.00 | 72 591.19 | 0.02 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 6.50000% 20-10.01.25 | 200 000.00 | 148 789.58 | 0.04 |
| Total USD |  |  | 8 227 040.37 | 2.18 |
| ZAR |  |  |  |  |
| ZAR | SOUTH AFRICA, REPUBLIC OF 8.75000% 12-28.02.48 | 100 000 000.00 | 5 103 296.52 | 1.35 |
| Total ZAR |  |  | 5 103 296.52 | 1.35 |
| Total Bonds, fixed rate |  | 82 207 380.40 | 21.76 |
| Bonds, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 19-25.11.29 | 4 925 000.00 | 5 346 005.98 | 1.42 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 21-15.02.31 | 1 450 000.00 | 1 602 742.15 | 0.42 |
| Total EUR |  | 6 948 748.13 | 1.84 |
| Total Bonds, zero coupon |  | 6 948 748.13 | 1.84 |
| Bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	BP CAPITAL MARKETS PLC-REG-S 3.250%/VAR 20-PRP | 145 000.00 | 167 288.44 | 0.04 |
| EUR	BP CAPITAL MARKETS PLC-REG-S-SUB 3.625%/VAR 20-PRP | 115 000.00 | 134 586.74 | 0.04 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 4.000%/VAR 18-PRP | 100 000.00 | 115 367.01 | 0.03 |
| EUR	HOLCIM FINANCE LUXEMBOURG SA-REG-S-SUB 3.000%/VAR 19-PRP | 115 000.00 | 129 995.99 | 0.03 |
| EUR	SES SA-REG-S-SUB 2.875%/VAR 21-PRP | 1 200 000.00 | 1 321 319.09 | 0.35 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.125%/VAR 18-PRP | 100 000.00 | 107 846.70 | 0.03 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.875%/VAR 18-PRP | 100 000.00 | 110 122.47 | 0.03 |
| EUR	VONOVIA FINANCE BV-REG-S-SUB 4.000%/VAR 14-PRP | 100 000.00 | 108 910.52 | 0.03 |
| Total EUR |  | 2 195 436.96 | 0.58 |
| GBP |  |  |  |
| GBP	BARCLAYS PLC-REG-S-SUB 7.250%/VAR 17-PRP | 200 000.00 | 267 757.19 | 0.07 |
| GBP	M&G PLC-REG-S-SUB 5.625%/VAR 18-20.10.51 | 130 000.00 | 192 920.00 | 0.05 |
| GBP	SANTANDER UK GROUP HOLD PLC-REG-S-SUB 6.750%/VAR 17-PRP | 200 000.00 | 276 088.92 | 0.08 |
| Total GBP |  | 736 766.11 | 0.20 |
| NZD |  |  |  |
| NZD	NEW ZEALAND 2.000%/CPI LINKED 12-20.09.25 | 2 000 000.00 | 1 590 334.35 | 0.42 |
| NZD	NEW ZEALAND-REG-S 2.500%/CPI LINKED 14-20.09.35 | 12 090 000.00 | 10 955 661.89 | 2.90 |
| Total NZD |  | 12 545 996.24 | 3.32 |
| USD |  |  |  |
| USD	BP CAPITAL MARKETS PLC-SUB 4.875%/VAR 20-PRP | 145 000.00 | 148 689.49 | 0.04 |
| USD	QBE INSURANCE GROUP LTD-REG-S-SUB 6.750%/VAR 14-02.12.44 | 360 000.00 | 381 578.93 | 0.10 |
| USD	RAKUTEN GROUP INC-REG-S-SUB 6.250%/VAR 21-PRP | 740 000.00 | 730 001.77 | 0.19 |
| USD	SCOR SE-REG-S-SUB 5.250%/VAR 18-PRP | 200 000.00 | 197 997.41 | 0.05 |
| USD	WESTPAC BANKING CORP-SUB 5.000%/VAR 17-PRP | 105 000.00 | 104 602.50 | 0.03 |
| Total USD |  | 1 562 870.10 | 0.41 |
| Total Bonds, floating rate |  | 17 041 069.41 | 4.51 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 2.25000% 16-15.08.46 | 205 000.00 | 197 501.66 | 0.05 |
| USD	AMERICA, UNITED STATES OF 3.00000% 17-15.05.47 | 9 800 000.00 | 10 844 971.55 | 2.87 |
| USD	AMERICA, UNITED STATES OF 2.87500% 19-15.05.49 | 4 060 000.00 | 4 430 632.29 | 1.17 |
| USD	AMERICA, UNITED STATES OF 1.37500% 20-15.11.40 | 1 200 000.00 | 1 005 554.00 | 0.27 |
| USD	AMERICA, UNITED STATES OF 1.87500% 17-31.03.22 | 4 000 000.00 | 3 764 924.32 | 1.00 |
| USD	AMERICA, UNITED STATES OF 1.62500% 19-30.11.26 | 11 275 000.00 | 10 839 993.95 | 2.87 |
| USD	AMERICA, UNITED STATES OF 0.50000% 20-30.06.27 | 2 200 000.00 | 1 981 081.88 | 0.52 |
| USD	AMERICA, UNITED STATES OF 0.25000% 20-30.09.25 | 5 250 000.00 | 4 792 434.90 | 1.27 |
| USD	AMERICA, UNITED STATES OF 0.87500% 20-15.11.30 | 4 360 000.00 | 3 859 733.94 | 1.02 |
| Total USD |  | 41 716 828.49 | 11.04 |
| Total Treasury notes, fixed rate |  | 41 716 828.49 | 11.04 |

UBS (Lux) Bond Fund – Global Flexible Semi-Annual Report as of 30 September 2021
| Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Treasury notes, floating rate |  |  |  |
| BRL |  |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 6.000%/IPCA LINKD 10-15.08.50 | 600.00 | 428 724.21 | 0.11 |
| Total BRL |  | 428 724.21 | 0.11 |
| Total Treasury notes, floating rate |  | 428 724.21 | 0.11 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 254 132 389.18 | 67.27 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Asset Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICAN CREDIT ACCEPTANCE RECEIVA-144A 3.57000% 17-10.01.24 | 345 000.00 | 78 261.32 | 0.02 |
| USD	AMERICREDIT AUTOMOBILE RECEIVABLES TRST 3.42000% 17-18.04.23 | 400 000.00 | 375 570.71 | 0.10 |
| USD	COLT MERGER SUB INC-144A 3.60000% 18-25.02.48 | 1 000 000.00 | 563 330.34 | 0.15 |
| USD	CPS AUTO RECEIVABLES-144A 3.66000% 18-15.12.23 | 200 000.00 | 117 459.23 | 0.03 |
| USD	CPS AUTO RECEIVABLES-144A 3.83000% 20-15.09.23 | 550 000.00 | 63 243.55 | 0.02 |
| USD	CPS AUTO TRUST-144A 4.40000% 18-17.06.24 | 515 000.00 | 488 541.28 | 0.13 |
| USD	DRIVE AUTO RECEIVABLES TRUST 3.84000% 17-15.03.23 | 510 000.00 | 6 391.21 | 0.00 |
| USD	DRIVE AUTO RECEIVABLES TRUST 3.81000% 18-15.05.24 | 1 600 000.00 | 383 809.76 | 0.10 |
| USD	DRIVE AUTO RECEIVABLES TRUST 4.30000% 18-16.09.24 | 625 000.00 | 371 475.26 | 0.10 |
| USD	DRIVE AUTO RECEIVABLES TRUST 4.09000% 18-15.01.26 | 225 000.00 | 180 984.66 | 0.05 |
| USD	DT AUTO OWNER TRUST-144A 3.81000% 18-15.12.23 | 500 000.00 | 95 130.50 | 0.03 |
| USD	DT AUTO OWNER TRUST-144A 4.15000% 18-15.03.24 | 445 000.00 | 238 196.53 | 0.06 |
| USD	EXETER AUTOMOBILE RECEIVABLE TRUST-144A 3.97000% 18-15.09.23 | 200 000.00 | 3 575.53 | 0.00 |
| USD	GLS AUTO RECEIVABLES TRUST-144A 4.17000% 18-15.04.24 | 450 000.00 | 378 822.82 | 0.10 |
| USD	ONEMAIN DIRECT AUTO REC TRUST-144A 3.85000% 18-14.10.25 | 225 000.00 | 211 323.31 | 0.06 |
| USD	ONEMAIN DIRECT AUTO REC TRUST-144A 4.40000% 18-14.01.28 | 425 000.00 | 398 613.24 | 0.11 |
| USD	PSNH FUNDING LLC 3.81400% 18-01.02.35 | 225 000.00 | 240 748.85 | 0.06 |
| USD	SANTANDER DRIVE AUTO RECEIVABLES TRUST 3.32000% 18-15.03.24 | 500 000.00 | 289 683.35 | 0.08 |
| USD	SOFI CONSUMER LOAN PROGRAM-144A 3.79000% 18-26.04.27 | 326 000.00 | 82 935.04 | 0.02 |
| USD	SOFI CONSUMER LOAN PROGRAM-144A 3.52000% 17-25.11.26 | 650 000.00 | 274 087.41 | 0.07 |
| USD	SOFI CONSUMER LOAN PROGRAM TRUST-144A 3.65000% 18-25.02.27 | 125 000.00 | 52 346.10 | 0.01 |
| USD	SOFI CONSUMER LOAN PROGRAM-144A 4.02000% 18-25.08.27 | 710 000.00 | 314 121.61 | 0.08 |
| USD	SOFI PROFESSIONAL LOAN PROGRAM-144A 2.49000% 16-25.01.36 | 375 000.00 | 35 995.14 | 0.01 |
| USD	SOFI PROFESSIONAL LOAN PROG-144A 3.61000% 17-25.09.40 | 125 000.00 | 121 859.27 | 0.03 |
| USD	SOFI PROFESSIONAL LOAN PROGRAM-144A 3.34000% 18-25.08.47 | 750 000.00 | 381 612.31 | 0.10 |
| Total USD |  | 5 748 118.33 | 1.52 |
| Total Asset Backed Securities, fixed rate |  | 5 748 118.33 | 1.52 |
| Asset Backed Securities, floating rate |  |  |  |
| USD |  |  |  |
| USD	SOFI CONSUMER LOAN PROGRAM-144A 3.590%/VAR 17-26.05.26 | 175 000.00 | 66 025.27 | 0.02 |
| USD	SOFI PROFESSIONA LOAN PROGRAM LLC-144A VAR 17-26.03.40 | 775 000.00 | 754 079.74 | 0.20 |
| USD	SOFI PROFESSIONAL LOAN PROGRAM-144A VAR 17-25.07.40 | 100 000.00 | 96 337.12 | 0.02 |
| Total USD |  | 916 442.13 | 0.24 |
| Total Asset Backed Securities, floating rate |  | 916 442.13 | 0.24 |
| Mortgage Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BENCHMARK MORTGAGE TRUST-SUB 4.26100% 18-01.10.51 | 260 000.00 | 278 725.12 | 0.07 |
| USD	BENCHMARK MORTGAGE TRUST 4.44100% 18-01.10.51 | 350 000.00 | 373 457.73 | 0.10 |
| USD	BENCHMARK MORTGAGE TRUST-SUB 3.97900% 19-01.03.62 | 700 000.00 | 729 900.12 | 0.19 |
| USD	BWAY 2013-1515 MORTGAGE TRUST-144A 3.45430% 13-10.03.33 | 720 000.00 | 716 564.56 | 0.19 |
| USD	CITIGROUP COMM MRTGE TRT 2015-P1-SUB 3.71700% 15-01.09.48 | 170 000.00 | 173 081.17 | 0.05 |
| USD	CITIGROUP COMMERCIAL MORTGAGE TRUST 3.96300% 18-01.06.51 | 300 000.00 | 280 897.97 | 0.07 |
| USD	COMM 2015-PC1 MORTGAGE TRUST 3.62000% 15-01.07.50 | 150 000.00 | 111 764.84 | 0.03 |
| USD	CSAIL 2015-C4 COMMERCIAL MORT TRUST-SUB 3.80790% 15-01.11.48 | 600 000.00 | 612 089.01 | 0.16 |
| USD	FANNIE MAE 1.50000% 21-01.02.51 | 325 000.00 | 284 457.48 | 0.08 |
| USD	FANNIE MAE 2.00000% 20-01.09.50 | 725 000.00 | 574 720.46 | 0.15 |
| USD	FANNIE MAE 2.00000% 20-01.01.51 | 300 000.00 | 262 663.30 | 0.07 |
| USD	FANNIE MAE 2.00000% 21-01.02.51 | 1 225 000.00 | 1 095 475.13 | 0.29 |
| USD	FANNIE MAE 2.50000% 21-01.08.51 | 650 000.00 | 622 418.28 | 0.16 |
| USD	FANNIE MAE 3.00000% 20-01.06.50 | 1 375 000.00 | 741 113.84 | 0.20 |
| USD	FANNIE MAE 3.50000% 16-01.08.46 | 200 000.00 | 75 432.10 | 0.02 |
| USD	FANNIE MAE 3.50000% 15-01.04.45 | 75 000.00 | 35 443.65 | 0.01 |
| USD	FANNIE MAE 3.50000% 16-01.01.46 | 75 000.00 | 32 101.39 | 0.01 |
| USD	FANNIE MAE 3.50000% 16-01.12.46 | 275 000.00 | 171 072.58 | 0.05 |
| USD	FANNIE MAE 3.50000% 18-01.03.48 | 225 000.00 | 66 937.28 | 0.02 |
| USD	FANNIE MAE 3.50000% 17-01.11.47 | 500 000.00 | 129 823.57 | 0.03 |
| USD	FANNIE MAE 4.00000% 16-01.02.46 | 250 000.00 | 45 611.03 | 0.01 |
| USD	FANNIE MAE 4.00000% 14-01.07.44 | 520 000.00 | 110 868.26 | 0.03 |
| USD	FANNIE MAE 4.00000% 17-01.06.47 | 1 050 000.00 | 396 952.76 | 0.11 |
| USD	FANNIE MAE 4.00000% 17-01.07.47 | 350 000.00 | 91 185.05 | 0.02 |
| USD	FANNIE MAE 4.00000% 17-01.07.47 | 130 000.00 | 65 541.23 | 0.02 |
| USD	FANNIE MAE 4.00000% 18-01.06.48 | 900 000.00 | 290 629.36 | 0.08 |
| USD	FANNIE MAE 4.00000% 14-01.11.44 | 125 000.00 | 44 350.84 | 0.01 |
| USD	FANNIE MAE 4.00000% 18-01.06.48 | 25 000.00 | 4 470.92 | 0.00 |
| USD	FANNIE MAE 4.50000% 15-01.11.45 | 25 000.00 | 9 651.81 | 0.00 |
| USD	FANNIE MAE 4.50000% 19-01.09.49 | 1 000 000.00 | 127 865.89 | 0.03 |
| USD	FANNIE MAE 4.50000% 16-01.07.44 | 150 000.00 | 36 638.20 | 0.01 |
| USD	FANNIE MAE 5.00000% 11-01.01.41 | 148 000.00 | 13 232.27 | 0.00 |
| USD	FANNIE MAE 5.00000% 04-01.03.34 | 705 000.00 | 13 847.75 | 0.00 |
| USD	FANNIE MAE 5.00000% 08-01.07.35 | 322 000.00 | 10 305.66 | 0.00 |
| USD	FANNIE MAE 5.50000% 08-01.04.34 | 891 436.00 | 11 916.49 | 0.00 |
| USD	FANNIE MAE POOL 2.00000% 21-01.10.51 | 1 825 000.00 | 1 707 709.58 | 0.45 |

UBS (Lux) Bond Fund – Global Flexible
Semi-Annual Report as of 30 September 2021
|  | Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | FANNIE MAE POOL 2.50000% 21-01.10.51 | 1 800 000.00 | 1 732 398.43 | 0.46 |
| USD | FREDDIE MAC 2.50000% 20-01.10.50 | 375 000.00 | 323 106.05 | 0.09 |
| USD | FREDDIE MAC 3.00000% 16-01.06.46 | 175 000.00 | 49 297.40 | 0.01 |
| USD | FREDDIE MAC 3.00000% 16-01.09.46 | 725 000.00 | 214 568.73 | 0.06 |
| USD | FREDDIE MAC 3.00000% 16-01.10.46 | 275 000.00 | 127 025.10 | 0.03 |
| USD | FREDDIE MAC 3.50000% 16-01.04.46 | 2 575 000.00 | 555 741.12 | 0.15 |
| USD | FREDDIE MAC 3.50000% 16-01.08.46 | 1 925 000.00 | 459 629.47 | 0.12 |
| USD | FREDDIE MAC 3.50000% 19-01.07.47 | 750 000.00 | 435 904.58 | 0.12 |
| USD | FREDDIE MAC 3.50000% 15-01.06.45 | 100 000.00 | 45 908.58 | 0.01 |
| USD | FREDDIE MAC 4.00000% 18-01.05.48 | 175 000.00 | 30 922.97 | 0.01 |
| USD | FREDDIE MAC 4.00000% 14-01.08.44 | 330 250.00 | 44 656.37 | 0.01 |
| USD | FREDDIE MAC 4.00000% 17-01.08.47 | 175 000.00 | 47 738.06 | 0.01 |
| USD | FREDDIE MAC 4.00000% 17-01.11.47 | 200 000.00 | 56 639.90 | 0.01 |
| USD | FREDDIE MAC 5.50000% 14-01.06.41 | 225 000.00 | 35 709.98 | 0.01 |
| USD | FREDDIE MAC POOL 2.50000% 21-01.10.51 | 1 800 000.00 | 1 732 398.05 | 0.46 |
| USD | GINNIE MAE 2.00000% 21-01.03.51 | 450 000.00 | 411 884.27 | 0.11 |
| USD | GINNIE MAE 2.50000% 21-01.03.51 | 1 300 000.00 | 1 197 985.89 | 0.32 |
| USD | GINNIE MAE 3.00000% 16-01.08.46 | 375 000.00 | 96 011.89 | 0.03 |
| USD | GINNIE MAE 3.50000% 18-01.01.48 | 225 000.00 | 59 624.93 | 0.02 |
| USD | HILTON USA TRUST-144-SUB 3.32284% 16-01.11.35 | 175 000.00 | 163 649.43 | 0.04 |
| USD | JPMBB COMMERCIAL MTG SEC TRUST-SUB 3.79960% 14-01.01.48 | 320 000.00 | 319 149.36 | 0.09 |
| USD | MSBAM LYNCH TRUST-SUB 3.99400% 16-01.12.49 | 550 000.00 | 559 117.57 | 0.15 |
| Total USD |  |  | 19 047 984.81 | 5.04 |
| Total Mortgage Backed Securities, fixed rate |  | 19 047 984.81 | 5.04 |
| Mortgage Backed Securities, floating rate |  |  |  |
| USD |  |  |  |
| USD	ANGEL OAK MORTGAGE TRUST I LLC-144A VAR 18-01.09.48 | 125 000.00 | 16 331.86 | 0.00 |
| USD	AVENTURA MALL TRUST-144A FLR 18-01.07.40 | 800 000.00 | 842 524.30 | 0.22 |
| USD	BAMLL COMMERCIAL MORT SET-144A 1M LIBOR+135BP 18-15.09.34 | 750 000.00 | 696 991.75 | 0.18 |
| USD	BAMLL COMMERCIAL MORTGAGE-144A VAR 15-01.04.33 | 450 000.00 | 440 240.05 | 0.12 |
| USD	BANK 2017-BNK9 VAR 17-01.11.54 | 600 000.00 | 616 015.48 | 0.16 |
| USD	BANK-SUB FLR 18-01.02.61 | 455 000.00 | 454 803.55 | 0.12 |
| USD	BBCMS TRUST CBM-144A 1M LIBOR+119.1098BP 18-15.07.37 | 750 000.00 | 699 864.67 | 0.19 |
| USD	BENCHMARK MORTGAGE TRUST-SUB FLR 18-01.10.51 | 500 000.00 | 511 068.13 | 0.14 |
| USD	BX COMMERCIAL MORTGAGE TRUST-144A 1M LIBOR+90BP 18-15.11.35 | 150 000.00 | 98 008.49 | 0.03 |
| USD	BX TRUST-144A 1M LIBOR+80BP 18-15.05.35 | 400 000.00 | 373 020.03 | 0.10 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+145BP 19-15.12.37 | 200 000.00 | 186 742.52 | 0.05 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+175BP 19-15.12.37 | 570 000.00 | 532 217.35 | 0.14 |
| USD	CD MORTGAGE TRUST FLR 17-01.11.50 | 110 000.00 | 111 503.99 | 0.03 |
| USD	CHT COSMO MORTGAGE TRUST-144A-SUB 1M LIBOR+225BP 17-15.11.36 | 225 000.00 | 210 090.16 | 0.06 |
| USD	CORE TRUST 2019-CORE-144A-SUB 1M LIBOR+88BP 19-15.12.31 | 825 000.00 | 126 558.65 | 0.03 |
| USD	DBGS MORTGAGE TRUST-144A 1M LIBOR+80.3BP 18-15.05.35 | 225 000.00 | 195 010.15 | 0.05 |
| USD	FREMF MORTGAGE TRUST-144A-SUB VAR 17-01.05.50 | 50 000.00 | 51 301.37 | 0.01 |
| USD	GS MORTGAGE SECURITIES TRUST 4.047%/VAR 17-01.03.50 | 225 000.00 | 228 169.57 | 0.06 |
| USD	GS MORTGAGE SECURITIES TRUST-144A VAR 17-01.01.43 | 225 000.00 | 228 720.01 | 0.06 |
| USD	JP MORGAN CHASE COMMERCIAL MORTGAGE-144A-SUB VAR 10-01.11.43 | 100 000.00 | 56 030.30 | 0.01 |
| USD	JP MORGAN CHASE MORTGAGE SECURITIES-144A-SUB FLR 18-01.01.31 | 605 000.00 | 574 550.77 | 0.15 |
| USD	JPMDB COMRCIAL MOTGE SECURTIES TRST 3.985%/VAR 17-01.10.50 | 425 000.00 | 430 184.67 | 0.11 |
| USD	MAD MORTGAGE TRUST-144A 3.478%/VAR 17-01.08.34 | 250 000.00 | 236 483.78 | 0.06 |
| USD	MAD MORTGAGE TRUST-144A 3.599%/VAR 17-01.08.34 | 300 000.00 | 283 538.40 | 0.08 |
| USD	MORGAN STANLEY BOA ML TRT 2015-C24-SUB VAR 15-01.05.48 | 225 000.00 | 227 744.49 | 0.06 |
| USD	MSCG TRUST 2018-SELF-144A-SUB 1M LIBOR+90BP 18-15.10.37 | 310 000.00 | 289 270.48 | 0.08 |
| USD	STRUCTURED AGENCY CR DN 1M LIBOR+75BP 17-25.03.30 | 300 000.00 | 22 864.26 | 0.01 |
| USD	WELLS FARGO COMMERCIAL MORTGAGE TRUST-SUB FLR 18-01.05.51 | 100 000.00 | 103 540.81 | 0.03 |
| Total USD |  | 8 843 390.04 | 2.34 |
| Total Mortgage Backed Securities, floating rate |  | 8 843 390.04 | 2.34 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ABBVIE INC 4.40000% 13-06.11.42 | 175 000.00 | 195 013.99 | 0.05 |
| USD	AMERICAN AIRLINES GROUP INC-144A 3.75000% 20-01.03.25 | 1 000 000.00 | 840 591.14 | 0.22 |
| USD	AUSTRALIA & NEW ZEALAND BNK-REG-S-SUB 4.50000% 14-19.03.24 | 200 000.00 | 202 512.63 | 0.05 |
| USD	AVOLON HOLDINGS FUNDING LTD-144A 2.12500% 21-21.02.26 | 205 000.00 | 189 082.86 | 0.05 |
| USD	BNP PARIBAS-144A 4.40000% 18-14.08.28 | 200 000.00 | 212 663.55 | 0.06 |
| USD	BROADCOM INC 3.15000% 20-15.11.25 | 61 000.00 | 60 817.82 | 0.02 |
| USD	CARRIER GLOBAL CORP 2.72200% 20-15.02.30 | 120 000.00 | 115 810.79 | 0.03 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 5.50000% 16-01.05.26 | 209 000.00 | 201 064.18 | 0.05 |
| USD	CCO LLC/CAPITAL 5.37500% 17-01.05.47 | 50 000.00 | 55 844.86 | 0.02 |
| USD	CENTENE CORP 4.62500% 20-15.12.29 | 100 000.00 | 101 661.99 | 0.03 |
| USD	CHEVRON PHILLIPS CHEMICAL CO LLC-144A 5.12500% 20-01.04.25 | 185 000.00 | 195 570.91 | 0.05 |
| USD	CITIGROUP INC-SUB 4.60000% 16-09.03.26 | 70 000.00 | 73 751.29 | 0.02 |
| USD	COLONIAL ENTERPRISES INC-144A 3.25000% 20-15.05.30 | 185 000.00 | 185 892.65 | 0.05 |
| USD	DELL INTERNATIONAL LLC / EMC CORP 5.85000% 21-15.07.25 | 130 000.00 | 141 087.10 | 0.04 |
| USD	DELL INTERNATIONAL LLC / EMC CORP 5.30000% 21-01.10.29 | 320 000.00 | 360 846.42 | 0.10 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 7.12500% 16-15.06.24 | 250 000.00 | 238 459.79 | 0.06 |
| USD	ENLINK MIDSTREAM PARTNERS LP 4.40000% 14-01.04.24 | 300 000.00 | 290 886.89 | 0.08 |
| USD	ENTERPRISE PRODUCTS OPERATING LLC 4.85000% 13-15.03.44 | 60 000.00 | 67 303.94 | 0.02 |
| USD	GLENCORE FUNDING LLC-144A 4.87500% 19-12.03.29 | 130 000.00 | 139 299.27 | 0.04 |
| USD	INFOR INC-144A 1.75000% 20-15.07.25 | 115 000.00 | 108 658.07 | 0.03 |
| USD	MORGAN STANLEY 6.37500% 12-24.07.42 | 140 000.00 | 197 737.53 | 0.05 |
| USD	MPLX LP 4.25000% 20-01.12.27 | 50 000.00 | 52 407.86 | 0.01 |
| USD	NXP BV / NXP FDNG LLC / NXP USA-144A 3.15000% 20-01.05.27 | 130 000.00 | 129 317.30 | 0.03 |
| USD	NXP BV / NXP FDNG LLC / NXP USA-144A 2.70000% 20-01.05.25 | 50 000.00 | 48 715.36 | 0.01 |
| USD	ONCOR ELECTRIC DELIVERY CO 3.70000% 19-15.11.28 | 90 000.00 | 94 913.80 | 0.03 |
| USD	ORIGIN ENERGY FINANCE LTD-REG-S 5.45000% 11-14.10.21 | 240 000.00 | 223 723.47 | 0.06 |
| USD	OTIS WORLDWIDE CORP 2.56500% 20-15.02.30 | 165 000.00 | 158 016.09 | 0.04 |
| USD	SOUTHWESTERN ELECTRIC POWER 6.20000% 10-15.03.40 | 130 000.00 | 168 329.80 | 0.04 |
| USD	STATE STREET CORP 2.90100% 20-30.03.26 | 240 000.00 | 237 513.12 | 0.06 |
| USD	TEACHERS INSURANCE&ANNUITY ASS-144A-SUB 4.90000% 14-15.09.44 | 420 000.00 | 509 946.51 | 0.13 |

UBS (Lux) Bond Fund – Global Flexible Semi-Annual Report as of 30 September 2021
|  | Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | TEACHERS INSURANCE&ANNU ASS-REG-S-SUB 4.27000% 17-15.05.47 | 350 000.00 | 394 510.89 | 0.10 |
| USD | TECK RESOURCES LTD 3.90000% 20-15.07.30 | 70 000.00 | 70 901.44 | 0.02 |
| USD | TRITON CONTAINER INTERNATIONAL LTD-144A 2.05000% 21-15.04.26 | 345 000.00 | 322 826.43 | 0.09 |
| USD | VIRGINIA ELECTRIC & POWER CO 4.00000% 16-15.11.46 | 85 000.00 | 91 603.75 | 0.02 |
| USD | XCEL ENERGY INC 4.80000% 11-15.09.41 | 120 000.00 | 137 609.72 | 0.04 |
| Total USD |  |  | 6 814 893.21 | 1.80 |
| Total Notes, fixed rate |  | 6 814 893.21 | 1.80 |
| Medium term notes, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	AURIZON FINANCE PTY LTD 3.00000% 21-09.03.28 | 610 000.00 | 408 192.31 | 0.11 |
| Total AUD |  | 408 192.31 | 0.11 |
| GBP |  |  |  |
| GBP	NATIONAL GRID ELECTRICITY TRANSMISSION 4.00000% 12-08.06.27 | 120 000.00 | 170 557.30 | 0.05 |
| Total GBP |  | 170 557.30 | 0.05 |
| Total Medium term notes, fixed rate |  | 578 749.61 | 0.16 |
| Medium term notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AUSTRALIA & NEW ZEALAND BANK-REG-S-SUB 2.950%VAR 20-22.07.30 | 400 000.00 | 387 466.00 | 0.10 |
| Total USD |  | 387 466.00 | 0.10 |
| Total Medium term notes, floating rate |  | 387 466.00 | 0.10 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	PANTHER BF AGGR 2/PANTHER FIN CO-REG-S 4.37500% 19-15.05.26 | 700 000.00 | 782 340.76 | 0.21 |
| Total EUR |  | 782 340.76 | 0.21 |
| RUB |  |  |  |
| RUB	RUSSIA, FEDERATION OF 7.65000% 19-10.04.30 | 410 000 000.00 | 5 407 316.90 | 1.43 |
| Total RUB |  | 5 407 316.90 | 1.43 |
| USD |  |  |  |
| USD	DUKE ENERGY CAROLINAS LLC 4.00000% 12-30.09.42 | 110 000.00 | 117 295.28 | 0.03 |
| USD	FIVE CORNERS FUNDING TRUST-144A 4.41900% 13-15.11.23 | 130 000.00 | 130 952.08 | 0.03 |
| Total USD |  | 248 247.36 | 0.06 |
| Total Bonds, fixed rate |  | 6 437 905.02 | 1.70 |
| Bonds, floating rate |  |  |  |
| JPY |  |  |  |
| JPY	JAPAN 0.100%/CPI LINKED 19-10.03.29 | 500 000 000.00 | 4 326 426.51 | 1.15 |
| Total JPY |  | 4 326 426.51 | 1.15 |
| NZD |  |  |  |
| NZD	NEW ZEALAND 2.500%/CPI LINKED 17-20.09.40 | 12 800 000.00 | 11 542 704.46 | 3.06 |
| NZD	NEW ZEALAND 3.000%/CPI LINKED 13-20.09.30 | 5 000 000.00 | 4 540 498.26 | 1.20 |
| Total NZD |  | 16 083 202.72 | 4.26 |
| USD |  |  |  |
| USD	SCENTRE GROUP TRUST 2-REG-S-SUB 4.750%/VAR 20-24.09.80 | 200 000.00 | 199 154.98 | 0.05 |
| Total USD |  | 199 154.98 | 0.05 |
| Total Bonds, floating rate |  | 20 608 784.21 | 5.46 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 69 383 733.36 | 18.36 |
| Recently issued transferable securities and money market instruments |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BROADCOM INC-144A 1.95000% 21-15.02.28 | 250 000.00 | 230 273.29 | 0.06 |
| USD	BROADCOM INC-144A 2.60000% 21-15.02.33 | 935 000.00 | 837 839.39 | 0.22 |
| USD	BROADCOM INC-144A 3.41900% 21-15.04.33 | 329 000.00 | 317 702.12 | 0.09 |
| USD	COMCAST CORP-144A 2.93700% 21-01.11.56 | 270 000.00 | 237 912.38 | 0.06 |
| USD	TRITON CONTAINER INTERNATIONAL LTD-144A 1.15000% 21-07.06.24 | 80 000.00 | 74 385.46 | 0.02 |
| Total USD |  | 1 698 112.64 | 0.45 |
| Total Notes, fixed rate |  | 1 698 112.64 | 0.45 |
| Total Recently issued transferable securities and money market instruments |  | 1 698 112.64 | 0.45 |

UBS (Lux) Bond Fund – Global Flexible
Semi-Annual Report as of 30 September 2021
| Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |

UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010
Investment funds, open end
Luxembourg
| EUR | UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 150.00 | 23 334.49 | 0.01 |
| --- | --- | --- | --- | --- |
| USD | UBS (LUX) BOND SICAV - ASIAN HIGH YIELD (USD) I-X-DIST | 63 000.00 | 5 258 699.33 | 1.39 |
| USD | UBS (LUX) BOND SICAV - MULTI INCOME (USD)-U-X-ACC- CAP | 290.00 | 2 900 990.92 | 0.77 |
| USD | UBS (LUX) BOND SICAV - CHINA HIGH YIELD (USD) U-X-ACC | 260.00 | 2 289 400.28 | 0.60 |
| Total Luxembourg | 10 472 425.02 | 2.77 |
| Total Investment funds, open end | 10 472 425.02 | 2.77 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 10 472 425.02 | 2.77 |
| Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  |  |
| Options on other swaps, classic-styled |  |  |
| USD |  |  |
| USD	GOLDMAN SACH/CDX.NA.HY.36 SWAPTION PUT 108.00000 21-17.11.21	26 000 000.00 | 166 841.53 | 0.05 |
| USD	GOLDMAN SACH/CDX.NA.HY.36 SWAPTION PUT 105.00000 21-17.11.21	-26 000 000.00 | -67 989.09 | -0.02 |
| USD	GOLDMAN SACH/CDX.NA.HY.36 SWAPTION PUT 103.00000 21-17.11.21	-26 000 000.00 | -39 830.08 | -0.01 |
| Total USD | 59 022.36 | 0.02 |
| Total Options on other swaps, classic-styled | 59 022.36 | 0.02 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market | 59 022.36 | 0.02 |
| Total investments in securities | 335 745 682.56 | 88.87 |
| To Be Announced ("TBA") Mortgage Backed Securities (Note 1) |  |  |
| TBA Mortgage Backed Securities |  |  |
|  |  |  |
| USD	FANNIE MAE 2.00000% OCT 21 14.10.21	4 575 000.00 | -38 894.24 | -0.01 |
| USD	FANNIE MAE 2.50000% OCT 20 14.10.21	3 150 000.00 | -17 609.35 | 0.00 |
| USD	FANNIE MAE 2.50000% OCT 21 19.10.21	450 000.00 | -2 491.41 | 0.00 |
| USD	GINNIE MAE 2.00000% OCT 21 21.10.21	1 000 000.00 | -4 811.46 | 0.00 |
| USD	GINNIE MAE 2.50000% OCT 21 21.10.21	1 300 000.00 | -4 713.25 | -0.01 |
| Total TBA Mortgage Backed Securities | -68 519.71 | -0.02 |
| Total To Be Announced ("TBA") Mortgage Backed Securities (Note 1) | -68 519.71 | -0.02 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange |
| Financial Futures on bonds |
|  |  |  |  |
| EUR	EURO BTP ITALY GOVERNMENT FUTURE 08.12.21 | 41.00 | -55 094.21 | -0.01 |
| EUR	EURO-BUND FUTURE 08.12.21 | -17.00 | 7 351.66 | 0.00 |
| EUR	EURO-BOBL FUTURE 08.12.21 | 10.00 | -8 865.24 | 0.00 |
| EUR	EURO-SCHATZ FUTURE 08.12.21 | 50.00 | -4 054.22 | 0.00 |
| EUR	EURO-BUXL FUTURE 08.12.21 | -20.00 | 134 600.25 | 0.04 |
| EUR	EURO-OAT FUTURE 08.12.21 | 56.00 | -138 038.23 | -0.04 |
| AUD	AUSTRALIAN 3YR BOND FUTURE 15.12.21 | 30.00 | -5 612.79 | 0.00 |
| JPY	JAPAN GOVERNMENT 10Y BOND (OSE) FUTURE 13.12.21 | 25.00 | -100 328.93 | -0.03 |
| CAD	CAN 10YR BOND FUTURE 20.12.21 | 25.00 | -62 037.82 | -0.02 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 21.12.21 | -44.00 | 200 737.66 | 0.05 |
| USD	US 10YR TREASURY NOTE FUTURE 21.12.21 | -40.00 | 47 538.93 | 0.01 |
| USD	US 5YR TREASURY NOTE FUTURE 31.12.21 | -20.00 | 10 494.56 | 0.00 |
| USD	US 10YR ULTRA NOTE FUTURE 21.12.21 | -25.00 | 65 037.14 | 0.02 |
| USD	US LONG BOND FUTURE 21.12.21 | -22.00 | 54 513.42 | 0.01 |
| Total Financial Futures on bonds | 146 242.18 | 0.03 |
| Total Derivative instruments listed on an official stock exchange | 146 242.18 | 0.03 |
| Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  |  |
| Swaps and forward swaps on interest rates |  |  |
|  |  |  |
| USD	LCH/INTEREST RATE SWAP PAY 2.39460% 17-23.03.27	-3 200 000.00 USD	LCH/INTEREST RATE SWAP REC 3M LIBOR 17-23.03.27 | -201 554.21 | -0.05 |
| USD	LCH/INTEREST RATE SWAP PAY 2.34500% 17-07.04.27	-3 000 000.00 USD	LCH/INTEREST RATE SWAP REC 3M LIBOR 17-07.04.27 | -211 160.56 | -0.06 |
| USD	LCH/INTEREST RATE SWAP PAY 2.57270% 17-01.08.47	-1 800 000.00 USD	LCH/INTEREST RATE SWAP REC 3M LIBOR 17-01.08.47 | -270 967.41 | -0.07 |
| USD	LCH/INTEREST RATE SWAP PAY 2.24850% 17-02.08.27	-4 100 000.00 USD	LCH/INTEREST RATE SWAP REC 3M LIBOR 17-02.08.27 | -243 147.19 | -0.06 |
| USD	LCH/INTEREST RATE SWAP PAY 1.29910% 20-03.03.50	-1 300 000.00 USD	LCH/INTEREST RATE SWAP REC 3M LIBOR 20-03.03.50 | 151 333.19 | 0.04 |
| PLN	LCH/INTEREST RATE SWAP PAY 2.11600% 20-23.01.30	-31 500 000.00 PLN	LCH/INTEREST RATE SWAP REC 6MWIB 20-23.01.30 | -92 385.59 | -0.03 |
| PLN	LCH/INTEREST RATE SWAP PAY 1.91900% 20-10.02.30	-38 500 000.00 PLN	LCH/INTEREST RATE SWAP REC 6MWIB 20-10.02.30 | 43 977.08 | 0.01 |
| GBP	LCH/INTEREST RATE SWAP PAY 0.63650% 21-11.02.51	-3 000 000.00 GBP	LCH/INTEREST RATE SWAP REC SONIA O/N 21-11.02.51 | 343 039.85 | 0.09 |

UBS (Lux) Bond Fund – Global Flexible Semi-Annual Report as of 30 September 2021
|  | Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAY 0.885440% 21-28.02.51 | -1 400 000.00 | 46 777.63 | 0.01 |
| GBP | LCH/INTEREST RATE SWAP REC SONIA O/N 21-28.02.51 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAY 1.20750% 19-27.09.29 | -5 900 000.00 | 255 933.98 | 0.07 |
| NZD | LCH/INTEREST RATE SWAP REC 3MFRA 19-27.09.29 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAY 1.67500% 24-30.10.29 | -16 000 000.00 | 354 919.47 | 0.09 |
| NZD | LCH/INTEREST RATE SWAP REC 3MFRA 24-30.10.29 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAY 1.80000% 24-26.11.29 | -12 000 000.00 | 225 388.32 | 0.06 |
| NZD | LCH/INTEREST RATE SWAP REC 3MFRA 24-26.11.29 |  |  |  |
| SGD | LCH/INTEREST RATE SWAP PAY 2.12900% 17-19.01.22 | -11 500 000.00 | -76 983.18 | -0.02 |
| SGD | LCH/INTEREST RATE SWAP REC SORF6M 17-19.01.22 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAY 1.58300% 24-24.09.29 | -16 500 000.00 | 405 537.29 | 0.11 |
| NZD | LCH/INTEREST RATE SWAP REC 3MFRA 24-24.09.29 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP PAY 2.80500% 21-02.04.26 | -125 000 000.00 | -290 418.97 | -0.08 |
| CNY | CITI/INTEREST RATE SWAP REC CNRR007 21-02.04.26 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAY 1.73300% 21-16.04.31 | -10 000 000.00 | 79 818.86 | 0.02 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIB 21-16.04.31 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.92500% 20-16.01.25 | 61 000 000.00 | 163 752.83 | 0.04 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-16.01.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 3.66000% 17-18.01.22 | 30 000 000.00 | 30 565.50 | 0.01 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAY CNRR007 17-18.01.22 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 3.76000% 17-03.07.22 | 30 000 000.00 | 64 592.95 | 0.02 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAY CNRR007 17-03.07.22 |  |  |  |
| CNY | UBS/INTEREST RATE SWAP REC 3.86000% 17-04.09.22 | 30 000 000.00 | 68 182.21 | 0.02 |
| CNY | UBS/INTEREST RATE SWAP PAY CNRR007 17-04.09.22 |  |  |  |
| CNY | UBS/INTEREST RATE SWAP REC 3.13000% 19-06.05.24 | 35 000 000.00 | 107 883.14 | 0.03 |
| CNY | UBS/INTEREST RATE SWAP PAY CNRR007 19-06.05.24 |  |  |  |
| CNY | UBS/INTEREST RATE SWAP REC 2.80000% 19-03.07.24 | 70 000 000.00 | 137 965.49 | 0.04 |
| CNY | UBS/INTEREST RATE SWAP PAY CNRR007 19-03.07.24 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.94000% 19-19.09.24 | 41 000 000.00 | 100 545.10 | 0.03 |
| CNY | CITI/INTEREST RATE SWAP PAY CNRR007 19-19.09.24 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.23500% 20-10.06.25 | 35 000 000.00 | -31 089.30 | -0.01 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAY CNRR007 20-10.06.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.27000% 20-11.06.25 | 35 000 000.00 | -24 398.33 | -0.01 |
| CNY | CITI/INTEREST RATE SWAP PAY CNRR007 20-11.06.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.24500% 20-17.06.25 | 50 000 000.00 | -42 421.17 | -0.01 |
| CNY | CITI/INTEREST RATE SWAP PAY CNRR007 20-17.06.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.78750% 20-17.12.25 | 75 000 000.00 | 149 877.24 | 0.04 |
| CNY | CITI/INTEREST RATE SWAP PAY CNRR007 20-17.12.25 |  |  |  |
| CNY | UBS/INTEREST RATE SWAP REC 2.71100% 21-19.01.26 | 50 000 000.00 | 84 791.82 | 0.02 |
| CNY | UBS/INTEREST RATE SWAP PAY CNRR007 21-19.01.26 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.89000% 21-05.02.26 | 50 000 000.00 | 136 476.31 | 0.04 |
| CNY | CITI/INTEREST RATE SWAP PAY CNRR007 21-05.02.26 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 8.15500% 19-17.04.29 | 120 000 000.00 | 287 048.62 | 0.08 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 19-17.04.29 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.85500% 19-12.11.29 | 190 000 000.00 | -261 163.24 | -0.07 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 19-12.11.29 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.28000% 16-23.07.26 | 60 000 000.00 | -86 543.07 | -0.02 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 16-23.07.26 |  |  |  |
| SGD | LCH/INTEREST RATE SWAP REC 1.05500% 21-10.03.26 | 4 000 000.00 | -17 757.56 | -0.01 |
| SGD | LCH/INTEREST RATE SWAP PAY SORF6M 21-10.03.26 |  |  |  |
| KRW | JPMORGAN/INTEREST RATE SWAP REC 1.80000% 17-17.01.27 | 2 800 000 000.00 | 2 989.88 | 0.00 |
| KRW | JPMORGAN/INTEREST RATE SWAP PAY 3MKWCD 17-17.01.27 |  |  |  |
| KRW | UBS/INTEREST RATE SWAP REC 1.43750% 21-09.03.26 | 5 200 000 000.00 | -59 986.70 | -0.02 |
| KRW | UBS/INTEREST RATE SWAP PAY 3MKWCD 21-09.03.26 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP REC 1.32000% 21-22.06.26 | 15 000 000.00 | -196 989.94 | -0.05 |
| NZD | LCH/INTEREST RATE SWAP PAY 3MFRA 21-22.06.26 |  |  |  |
| HUF | LCH/INTEREST RATE SWAP REC 2.59600% 21-10.08.26 | 3 000 000 000.00 | -150 027.26 | -0.04 |
| HUF | LCH/INTEREST RATE SWAP PAY 6ML 21-10.08.26 |  |  |  |
| HUF | LCH/INTEREST RATE SWAP REC 2.83500% 21-17.09.26 | 1 630 000 000.00 | -40 416.89 | -0.01 |
| HUF | LCH/INTEREST RATE SWAP PAY 6ML 21-17.09.26 |  |  |  |
| Total Swaps and forward swaps on interest rates |  | 943 986.19 | 0.25 |
| Credit default swaps* |  |  |  |
|  |  |  |  |
| USD	BOA/MEX CDS PAY 1.00000% 19-20.06.24 | -2 850 000.00 | -36 292.00 | -0.01 |
| USD	CITI/BRAZIL CDS PAY 1.00000% 19-20.06.24 | -1 800 000.00 | 13 183.05 | 0.00 |
| USD	JPMORGAN/BRAZIL CDS PAY 1.00000% 19-20.06.24 | -1 800 000.00 | 13 183.05 | 0.00 |
| USD	BOA/TURKEY CDS REC 1.00000% 19-20.06.24 | 2 850 000.00 | -195 088.71 | -0.05 |
| USD	CITI/SOAF CDS REC 1.00000% 19-20.06.24 | 1 800 000.00 | -11 582.30 | 0.00 |
| USD	JPMORGAN/SOAF CDS REC 1.00000% 19-20.06.24 | 1 800 000.00 | -11 535.66 | 0.00 |
| Total Credit default swaps |  | -228 132.57 | -0.06 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  | 715 853.62 | 0.19 |
| Total Derivative instruments |  | 862 095.80 | 0.22 |
| Forward Foreign Exchange contracts |  |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| MYR | 6 040 000.00 | USD | 1 440 839.69 | 6.10.2021 | 1 524.78 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 2 973 927.99 | BRL | 15 570 000.00 | 6.10.2021 | 110 533.33 | 0.03 |
| KRW | 4 009 000 000.00 | USD | 3 460 897.64 | 6.10.2021 | -69 420.42 | -0.02 |
| USD | 3 336 234.41 | TWD | 92 000 000.00 | 6.10.2021 | 30 021.18 | 0.01 |
| USD | 6 276 825.69 | CNY | 40 655 000.00 | 8.10.2021 | -16 551.39 | 0.00 |
| USD | 5 906 035.26 | RUB | 434 973 000.00 | 6.10.2021 | -61 929.62 | -0.02 |
| USD | 1 777 477.18 | INR | 130 090 000.00 | 6.10.2021 | 23 371.50 | 0.01 |
| USD | 1 766 197.48 | IDR | 25 221 300 000.00 | 6.10.2021 | 4 189.24 | 0.00 |
| CHF | 14 106 135.86 | CAD | 19 425 000.00 | 6.10.2021 | -196 052.21 | -0.05 |
| CAD | 74 384 100.00 | CHF | 54 016 587.90 | 6.10.2021 | 750 742.21 | 0.20 |
| CHF | 176 484 434.58 | USD | 192 930 000.00 | 6.10.2021 | -3 472 950.57 | -0.92 |
| USD | 55 414 700.00 | CHF | 50 691 090.02 | 6.10.2021 | 997 525.08 | 0.26 |

* Positive nominal: the subfund is “Receiver”, negative nominal: the subfund is “Payer”.
UBS (Lux) Bond Fund – Global Flexible
Semi-Annual Report as of 30 September 2021
| Description	Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |

Forward Foreign Exchange contracts (Continued)
Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date
| EUR | 1 455 000.00 | NZD | 2 426 192.71 | 6.10.2021 | 11 853.69 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 15 217 539.78 | GBP | 12 045 000.00 | 6.10.2021 | 68 655.71 | 0.02 |
| CHF | 69 793 135.95 | EUR | 64 305 000.00 | 6.10.2021 | 273 085.31 | 0.07 |
| CHF | 27 093 999.62 | NZD | 41 645 000.00 | 6.10.2021 | 297 309.84 | 0.08 |
| EUR | 107 413 700.00 | CHF | 116 580 965.19 | 6.10.2021 | -456 155.87 | -0.12 |
| GBP | 21 967 700.00 | CHF | 27 753 785.68 | 6.10.2021 | -125 214.44 | -0.03 |
| CHF | 5 750 549.51 | MXN | 126 140 000.00 | 6.10.2021 | 27 596.34 | 0.01 |
| CHF | 6 425 362.67 | ZAR | 101 840 000.00 | 6.10.2021 | 114 757.81 | 0.03 |
| NOK | 73 200 000.00 | CHF | 7 728 183.32 | 6.10.2021 | 93 361.54 | 0.02 |
| CHF | 9 484 203.51 | JPY | 1 141 900 000.00 | 6.10.2021 | -62 244.08 | -0.02 |
| AUD | 440 000.00 | CHF | 298 823.32 | 6.10.2021 | -2 356.38 | 0.00 |
| CHF | 4 734 060.00 | SEK | 44 410 000.00 | 6.10.2021 | -1 008.56 | 0.00 |
| TRY | 6 790 000.00 | CHF | 733 323.52 | 6.10.2021 | -21 686.34 | -0.02 |
| SGD | 2 715 000.00 | CHF | 1 847 438.21 | 6.10.2021 | 17 929.93 | 0.00 |
| PLN | 14 900 000.00 | CHF | 3 581 765.90 | 6.10.2021 | -82 106.51 | -0.02 |
| CHF | 1 560 000.00 | EUR | 1 434 689.88 | 6.10.2021 | 8 958.66 | 0.00 |
| CAD | 2 217 206.80 | NZD | 2 480 000.00 | 6.10.2021 | 36 714.51 | 0.01 |
| USD | 2 024 987.25 | CHF | 1 850 000.00 | 6.10.2021 | 38 827.09 | 0.01 |
| CAD | 250 000.00 | USD | 198 811.58 | 6.10.2021 | -1 374.27 | 0.00 |
| EUR | 150 000.00 | USD | 178 131.45 | 6.10.2021 | -3 989.47 | 0.00 |
| EUR | 1 445 000.00 | NOK | 14 880 737.16 | 6.10.2021 | -27 847.99 | -0.01 |
| USD | 515 000.00 | CHF | 474 583.32 | 6.10.2021 | 5 788.08 | 0.00 |
| AUD | 2 345 000.00 | NZD | 2 430 852.80 | 6.10.2021 | 15 891.06 | 0.00 |
| ZAR | 4 550 000.00 | USD | 320 966.03 | 6.10.2021 | -17 441.12 | 0.00 |
| USD | 1 156 353.33 | BRL | 6 120 000.00 | 6.10.2021 | 31 694.57 | 0.01 |
| INR | 130 090 000.00 | USD | 1 760 351.83 | 6.10.2021 | -7 393.97 | 0.00 |
| USD | 1 710 000.00 | CNY | 11 061 306.00 | 8.10.2021 | -2 435.57 | 0.00 |
| USD | 1 178 889.90 | EUR | 1 000 000.00 | 6.10.2021 | 18 523.14 | 0.00 |
| AUD | 236 611.94 | CHF | 160 000.00 | 8.10.2021 | -582.38 | 0.00 |
| CHF | 866 796.09 | CAD | 1 194 500.00 | 6.10.2021 | -12 687.24 | 0.00 |
| CHF | 948 009.56 | USD | 1 032 400.00 | 6.10.2021 | -14 971.86 | 0.00 |
| PLN | 6 500 000.00 | JPY | 184 783 359.00 | 6.10.2021 | -18 119.62 | 0.00 |
| USD | 1 974 725.68 | CHF | 1 825 000.00 | 8.10.2021 | 16 826.63 | 0.00 |
| CHF | 690 580.18 | CAD | 947 300.00 | 6.10.2021 | -6 895.38 | 0.00 |
| USD | 754 912.32 | CHF | 700 000.00 | 6.10.2021 | 4 152.01 | 0.00 |
| USD | 335 000.62 | CNY | 2 170 000.00 | 8.10.2021 | -912.38 | 0.00 |
| USD | 675 000.00 | CHF | 627 077.03 | 6.10.2021 | 2 535.96 | 0.00 |
| EUR | 1 571 100.00 | CHF | 1 710 715.49 | 6.10.2021 | -12 201.35 | 0.00 |
| CHF | 1 214 811.58 | EUR | 1 120 000.00 | 6.10.2021 | 3 981.06 | 0.00 |
| CAD | 2 141 512.07 | AUD | 2 310 000.00 | 8.10.2021 | 20 274.68 | 0.01 |
| EUR | 1 446 224.84 | NOK | 14 580 000.00 | 6.10.2021 | 5 614.58 | 0.00 |
| CHF | 655 873.08 | USD | 710 000.00 | 8.10.2021 | -6 343.92 | 0.00 |
| USD | 440 000.00 | CHF | 406 600.79 | 8.10.2021 | 3 787.21 | 0.00 |
| USD | 586 014.00 | EUR | 500 000.00 | 6.10.2021 | 6 061.24 | 0.00 |
| MYR | 2 565 000.00 | USD | 611 431.99 | 6.10.2021 | 1 065.24 | 0.00 |
| EUR | 59 394 900.00 | CHF | 64 340 160.95 | 6.10.2021 | -128 412.94 | -0.03 |
| AUD | 902 438.27 | CAD | 830 000.00 | 8.10.2021 | -3 049.36 | 0.00 |
| KRW | 816 000 000.00 | USD | 691 703.04 | 6.10.2021 | -2 250.04 | 0.00 |
| USD | 612 926.25 | TWD | 17 000 000.00 | 6.10.2021 | 2 235.92 | 0.00 |
| NOK | 8 670 000.00 | SEK | 8 727 733.53 | 6.10.2021 | -4 161.56 | 0.00 |
| PLN | 3 200 000.00 | JPY | 90 171 552.00 | 6.10.2021 | -2 242.55 | 0.00 |
| CNY | 53 886 306.00 | USD | 8 333 148.69 | 8.10.2021 | 9 348.21 | 0.00 |
| USD | 8 309 305.37 | CNY | 53 890 000.00 | 4.11.2021 | -15 164.80 | 0.00 |
| CHF | 9 083 493.95 | EUR | 8 370 000.00 | 6.10.2021 | 34 698.00 | 0.01 |
| CHF | 18 850 056.35 | USD | 20 340 000.00 | 6.10.2021 | -122 281.88 | -0.03 |
| CHF | 1 991 091.41 | CAD | 2 720 000.00 | 6.10.2021 | -11 583.06 | 0.00 |
| SGD | 440 000.00 | CHF | 301 399.59 | 6.10.2021 | 906.85 | 0.00 |
| CHF | 4 312 735.91 | MXN | 93 480 000.00 | 6.10.2021 | 71 562.12 | 0.02 |
| USD | 4 067 439.41 | KRW | 4 825 000 000.00 | 6.10.2021 | -7 771.61 | 0.00 |
| KRW | 4 825 000 000.00 | USD | 4 065 417.41 | 4.11.2021 | 8 566.95 | 0.00 |
| CHF | 1 735 521.60 | EUR | 1 600 000.00 | 6.10.2021 | 5 763.71 | 0.00 |
| USD | 450 000.00 | CHF | 417 897.41 | 6.10.2021 | 1 844.59 | 0.00 |
| USD | 2 025 000.00 | IDR | 29 117 475 000.00 | 4.11.2021 | -1 934.96 | 0.00 |
| USD | 2 025 000.00 | CNY | 13 125 037.50 | 4.11.2021 | -2 526.42 | 0.00 |
| MYR | 8 605 000.00 | USD | 2 050 274.01 | 3.11.2021 | 1 421.68 | 0.00 |
| USD | 2 053 699.28 | MYR | 8 605 000.00 | 6.10.2021 | -1 258.44 | 0.00 |
| RUB | 434 973 000.00 | USD | 5 971 655.53 | 6.10.2021 | 679.14 | 0.00 |
| USD | 5 941 880.70 | RUB | 434 973 000.00 | 3.11.2021 | 2 073.08 | 0.00 |
| IDR | 25 221 300 000.00 | USD | 1 763 973.98 | 6.10.2021 | -2 111.65 | 0.00 |
| TWD | 109 000 000.00 | USD | 3 920 863.31 | 6.10.2021 | -5 877.01 | 0.00 |
| USD | 8 333 535.31 | CNY | 53 886 306.00 | 8.10.2021 | -8 982.38 | 0.00 |
| USD | 1 757 949.40 | IDR | 25 221 300 000.00 | 4.11.2021 | 1 986.73 | 0.00 |
| USD | 3 926 654.42 | TWD | 109 000 000.00 | 4.11.2021 | 3 714.77 | 0.00 |
| USD | 206 362.24 | JPY | 23 000 000.00 | 6.10.2021 | 203.16 | 0.00 |
| USD | 445 000.00 | CHF | 413 974.16 | 6.10.2021 | 1 104.04 | 0.00 |
| USD | 607 344.68 | CHF | 565 000.00 | 6.10.2021 | 1 506.82 | 0.00 |
| BRL | 21 690 000.00 | USD | 3 995 946.94 | 6.10.2021 | -16 815.85 | 0.00 |
| RUB | 20 546 500.00 | USD | 280 574.90 | 3.11.2021 | -5.12 | 0.00 |
| BRL | 1 760 000.00 | USD | 322 995.05 | 4.11.2021 | -1 573.62 | 0.00 |
| USD | 3 978 648.47 | BRL | 21 690 000.00 | 4.11.2021 | 17 737.65 | 0.00 |
| CHF | 3 678 392.00 | EUR | 3 400 000.00 | 6.10.2021 | 2 656.49 | 0.00 |
| CHF | 880 886.30 | GBP | 700 000.00 | 6.10.2021 | 502.83 | 0.00 |
| USD | 2 025 000.00 | CAD | 2 560 660.70 | 6.10.2021 | 3 482.80 | 0.00 |
| Total Forward Foreign Exchange contracts | -1 823 727.41 | -0.48 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 64 192 854.10* | 16.99 |
| Bank overdraft and other short-term liabilities | -10 618 963.11 | -2.81 |
| Other assets and liabilities | -10 489 775.01 | -2.77 |
| Total net assets | 377 799 647.22 | 100.00 |
| * As at 30 September 2021, cash amounts serve as collateral for the counterparty JP Morgan for an amount of CHF 32 433.80 and Bank of America for an amount of CHF 389 205.54. |  |  |

UBS (Lux) Bond Fund – Global Flexible Semi-Annual Report as of 30 September 2021

Translation (ENFR, 2021-09-30):
# UBS (Lux) Bond Fund – Global Flexible
| Données principales |  |
| --- | --- |
|  | ISIN | 30.9.2021 | 31.3.2021 | 31.3.2020 |
| Actif net en CHF |  | 377 799 647.22 | 330 462 860.01 | 268 395 407.42 |
| Catégorie (CAD hedged) F-acc | LU1467593940 |  |  |  |
| Parts en circulation |  | 13 760.0000 | 13 530.0000 | 13 630.0000 |
| Valeur nette d’inventaire par part en CAD |  | 125.08 | 122.42 | 111.70 |
| Prix d’émission et de rachat par part en CAD 1 |  | 125.08 | 122.42 | 110.69 |
| Catégorie (GBP hedged) F-acc | LU1991433100 |  |  |  |
| Parts en circulation |  | 6 354.8690 | 6 465.8690 | 24 494.8690 |
| Valeur nette d’inventaire par part en GBP |  | 110.85 | 108.54 | 99.12 |
| Prix d’émission et de rachat par part en GBP 1 |  | 110.85 | 108.54 | 98.23 |
| Catégorie (EUR hedged) I-A1-acc 2 | LU0487187873 |  |  |  |
| Parts en circulation |  | 100.7250 | 100.0000 | - |
| Valeur nette d’inventaire par part en EUR |  | 100.13 | 98.39 | - |
| Prix d’émission et de rachat par part en EUR 1 |  | 100.13 | 98.39 | - |
| Catégorie (EUR hedged) I-A3-acc 3 | LU2388426038 |  |  |  |
| Parts en circulation |  | 600 000.0000 | - | - |
| Valeur nette d’inventaire par part en EUR |  | 99.37 | - | - |
| Prix d’émission et de rachat par part en EUR 1 |  | 99.37 | - | - |
| Catégorie I-B-acc 4 | LU0415185379 |  |  |  |
| Parts en circulation |  | - | 50 343.6930 | - |
| Valeur nette d’inventaire par part en CHF |  | - | 99.11 | - |
| Prix d’émission et de rachat par part en CHF 1 |  | - | 99.11 | - |
| Catégorie (EUR hedged) I-B-acc 5 | LU2198574894 |  |  |  |
| Parts en circulation |  | 359 913.1470 | 359 913.1470 | - |
| Valeur nette d’inventaire par part en EUR |  | 103.24 | 101.25 | - |
| Prix d’émission et de rachat par part en EUR 1 |  | 103.24 | 101.25 | - |
| Catégorie (EUR hedged) I-X-acc | LU0487188764 |  |  |  |
| Parts en circulation |  | 147 991.8500 | 142 271.0000 | 187 816.5390 |
| Valeur nette d’inventaire par part en EUR |  | 114.64 | 112.39 | 102.90 |
| Prix d’émission et de rachat par part en EUR 1 |  | 114.64 | 112.39 | 101.97 |
| Catégorie P-acc | LU0071006638 |  |  |  |
| Parts en circulation |  | 39 626.8010 | 41 137.8240 | 40 995.1730 |
| Valeur nette d’inventaire par part en CHF |  | 889.05 | 878.08 | 814.86 |
| Prix d’émission et de rachat par part en CHF 1 |  | 889.05 | 878.08 | 807.53 |
| Catégorie (CAD hedged) P-acc | LU1467572357 |  |  |  |
| Parts en circulation |  | 422 434.9190 | 465 860.9870 | 505 235.2130 |
| Valeur nette d’inventaire par part en CAD |  | 119.75 | 117.71 | 108.36 |
| Prix d’émission et de rachat par part en CAD 1 |  | 119.75 | 117.71 | 107.38 |
| Catégorie (EUR hedged) P-acc | LU0487186396 |  |  |  |
| Parts en circulation |  | 337 160.2240 | 354 165.6750 | 293 521.5500 |
| Valeur nette d’inventaire par part en EUR |  | 138.11 | 136.25 | 126.29 |
| Prix d’émission et de rachat par part en EUR 1 |  | 138.11 | 136.25 | 125.15 |
| Catégorie (GBP hedged) P-acc | LU1991433365 |  |  |  |
| Parts en circulation |  | 132 282.8510 | 134 171.0270 | 151 997.1310 |
| Valeur nette d’inventaire par part en GBP |  | 108.67 | 106.88 | 98.47 |
| Prix d’émission et de rachat par part en GBP 1 |  | 108.67 | 106.88 | 97.58 |
| Catégorie (USD hedged) P-acc | LU2064451730 |  |  |  |
| Parts en circulation |  | 383 808.4070 | 405 403.2010 | 436 772.0770 |
| Valeur nette d’inventaire par part en USD |  | 107.39 | 105.57 | 96.81 |
| Prix d’émission et de rachat par part en USD 1 |  | 107.39 | 105.57 | 95.94 |
| Catégorie P-dist | LU0071005408 |  |  |  |
| Parts en circulation |  | 44 015.2570 | 46 369.8240 | 48 064.8810 |
| Valeur nette d’inventaire par part en CHF |  | 495.58 | 497.76 | 472.48 |
| Prix d’émission et de rachat par part en CHF 1 |  | 495.58 | 497.76 | 468.23 |
| Catégorie (CAD hedged) P-dist | LU1467578123 |  |  |  |
| Parts en circulation |  | 115 513.4890 | 118 959.5700 | 120 427.7290 |
| Valeur nette d’inventaire par part en CAD |  | 110.80 | 110.58 | 104.09 |
| Prix d’émission et de rachat par part en CAD 1 |  | 110.80 | 110.58 | 103.15 |
| Catégorie (EUR hedged) P-dist | LU0487186123 |  |  |  |
| Parts en circulation |  | 72 437.6210 | 68 395.2870 | 44 116.5780 |
| Valeur nette d’inventaire par part en EUR |  | 116.65 | 116.77 | 111.01 |
| Prix d’émission et de rachat par part en EUR 1 |  | 116.65 | 116.77 | 110.01 |
| 1  Voir note 1 2  Première VNI 26.11.2020 3  Première VNI 27.9.2021 4  La catégorie de parts I-B-acc était en circulation pour la période allant 5  Première VNI 16.7.2020 | du 4.9.2020 au 30.4.2021 |  |  |  |

UBS (Lux) Bond Fund – Global Flexible Rapport semestriel au 30 septembre 2021
|  | ISIN | 30.9.2021 | 31.3.2021 | 31.3.2020 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Catégorie (GBP hedged) P-dist | LU1991433795 |  |  |  |
| Parts en circulation |  | 49 769.4760 | 50 904.3160 | 54 392.6680 |
| Valeur nette d’inventaire par part en GBP |  | 105.67 | 105.51 | 98.47 |
| Prix d’émission et de rachat par part en GBP 1 |  | 105.67 | 105.51 | 97.58 |
| Catégorie (USD hedged) P-dist | LU2064452977 |  |  |  |
| Parts en circulation |  | 49 924.2270 | 54 043.3930 | 62 419.8920 |
| Valeur nette d’inventaire par part en USD |  | 105.13 | 105.01 | 96.81 |
| Prix d’émission et de rachat par part en USD 1 |  | 105.13 | 105.01 | 95.94 |
| Catégorie (EUR hedged) P-2%-qdist | LU1669358571 |  |  |  |
| Parts en circulation |  | 4 794.7340 | 3 745.5440 | 2 199.1680 |
| Valeur nette d’inventaire par part en EUR |  | 104.17 | 103.78 | 98.12 |
| Prix d’émission et de rachat par part en EUR 1 |  | 104.17 | 103.78 | 97.24 |
| Catégorie Q-acc | LU0415184216 |  |  |  |
| Parts en circulation |  | 15 957.7830 | 18 667.2690 | 18 489.5480 |
| Valeur nette d’inventaire par part en CHF |  | 117.30 | 115.53 | 106.65 |
| Prix d’émission et de rachat par part en CHF 1 |  | 117.30 | 115.53 | 105.69 |
| Catégorie (CAD hedged) Q-acc | LU1467583982 |  |  |  |
| Parts en circulation |  | 54 115.5260 | 54 928.6270 | 144 061.3420 |
| Valeur nette d’inventaire par part en CAD |  | 123.03 | 120.61 | 110.43 |
| Prix d’émission et de rachat par part en CAD 1 |  | 123.03 | 120.61 | 109.44 |
| Catégorie (EUR hedged) Q-acc 6 | LU0487187527 |  |  |  |
| Parts en circulation |  | 7 747.7950 | 96.2830 | - |
| Valeur nette d’inventaire par part en EUR |  | 102.57 | 100.92 | - |
| Prix d’émission et de rachat par part en EUR 1 |  | 102.57 | 100.92 | - |
| Catégorie (GBP hedged) Q-acc | LU1991433878 |  |  |  |
| Parts en circulation |  | 12 544.9190 | 12 962.0710 | 12 101.5020 |
| Valeur nette d’inventaire par part en GBP |  | 110.00 | 107.89 | 98.87 |
| Prix d’émission et de rachat par part en GBP 1 |  | 110.00 | 107.89 | 97.98 |
| Catégorie (USD hedged) Q-acc | LU2064456457 |  |  |  |
| Parts en circulation |  | 71 212.6430 | 73 029.0250 | 83 074.6410 |
| Valeur nette d’inventaire par part en USD |  | 108.48 | 106.34 | 97.00 |
| Prix d’émission et de rachat par part en USD 1 |  | 108.48 | 106.34 | 96.13 |
| Catégorie Q-dist | LU0415184133 |  |  |  |
| Parts en circulation |  | 22 875.9040 | 24 962.8270 | 22 763.5120 |
| Valeur nette d’inventaire par part en CHF |  | 104.17 | 104.88 | 99.21 |
| Prix d’émission et de rachat par part en CHF 1 |  | 104.17 | 104.88 | 98.32 |
| Catégorie (CAD hedged) Q-dist | LU1467589328 |  |  |  |
| Parts en circulation |  | 8 745.8110 | 12 775.5580 | 9 751.5660 |
| Valeur nette d’inventaire par part en CAD |  | 110.30 | 111.41 | 104.66 |
| Prix d’émission et de rachat par part en CAD 1 |  | 110.30 | 111.41 | 103.72 |
| Catégorie (GBP hedged) Q-dist | LU1991433951 |  |  |  |
| Parts en circulation |  | 3 569.6890 | 3 569.6890 | 3 944.7660 |
| Valeur nette d’inventaire par part en GBP |  | 105.98 | 106.07 | 98.88 |
| Prix d’émission et de rachat par part en GBP 1 |  | 105.98 | 106.07 | 97.99 |
| Catégorie (USD hedged) Q-dist | LU2064456614 |  |  |  |
| Parts en circulation |  | 7 515.7770 | 9 200.7770 | 7 624.3740 |
| Valeur nette d’inventaire par part en USD |  | 104.93 | 105.58 | 97.00 |
| Prix d’émission et de rachat par part en USD 1 |  | 104.93 | 105.58 | 96.13 |
| 1  Voir note 1 6  Première VNI 3.7.2020 |  |  |  |  |

UBS (Lux) Bond Fund – Global Flexible Rapport semestriel au 30 septembre 2021

## Structure du portefeuille-titres
Répartition géographique en % de l’actif net	
Etats-Unis	31.65
Nouvelle-Zélande	7.61
Grande-Bretagne	5.14
Luxembourg	4.32
Japon	3.53
France	3.38
Mexique	3.20
Espagne	2.49
Pays-Bas	2.43
Allemagne	2.33
Italie	2.08
Australie	2.08
Chine	1.75
Slovénie	1.75
Fédération russe (CEI)	1.43
Afrique du Sud	1.35
Brésil	1.15
Canada	1.04
Portugal	0.93
Iles Caïmans	0.64
Roumanie	0.63
Autriche	0.63
Irlande	0.59
Arabie saoudite	0.47
Ukraine	0.41
Inde	0.41
Qatar	0.31
Suède	0.29
Turquie	0.29
Indonésie	0.25
Îles Vierges britanniques	0.24
Mongolie	0.24
Chili	0.23
Uruguay	0.23
Thaïlande	0.22
Pérou	0.22
Singapour	0.22
Kazakhstan	0.21
Bermudes	0.19
Philippines	0.18
Costa Rica	0.17
Oman	0.17
Colombie	0.16
Corée du Sud	0.16
Hong Kong	0.16
Bulgarie	0.15
Finlande	0.15
Jersey	0.13
Argentine	0.12
Belgique	0.12
Equateur	0.11
Pologne	0.09
Danemark	0.09
Norvège	0.09
Egypte	0.08
Guatemala	0.08
Malaisie	0.07
Suisse	0.03
Répartition économique en % de l’actif net	
Gouvernements nationaux et centraux	43.10
Banques & instituts de crédit	8.88
Emetteurs d’obligations sécurisées (Pfandbriefe)
et sociétés de refinancement	8.85
Etablissements financiers et sociétés de participation	7.94
Fonds de placement	2.77
Télécommunications	2.12
Trafic et transport	1.59
Pétrole	1.41
Distribution d’énergie & d’eau	1.32
Diverses sociétés non classées	1.02
Internet, logiciels et services informatiques	0.92
Immobilier	0.89
Organisations supranationales	0.88
Véhicules	0.87
Assurances	0.82
Equipement informatique et de réseau	0.78
Produits pharmaceutiques, cosmétiques & médicaux	0.65
Machines et appareils	0.52
Tabac et boissons alcoolisées	0.51
Services divers	0.38
Commerce de détail, centres commerciaux	0.38
Chimie	0.36
Soins de santé & services sociaux	0.36
Appareils et composants électriques	0.29
Industrie minière, charbon et acier	0.21
Industrie graphique, édition et médias	0.18
Industrie de conditionnement	0.16
Diverses sociétés commerciales	0.14
Textiles, habillement & maroquinerie	0.13
Industrie aéronautique et spatiale	0.12
Electronique et semi-conducteurs	0.09
Alimentation & softs	0.08
Environnement et recyclage	0.07
Biotechnologie	0.04
Biens de consommation divers	0.04
Total	88.87
Total	88.87
UBS (Lux) Bond Fund – Global Flexible Rapport semestriel au 30 septembre 2021

## Etat des actifs nets
Actif	30.9.2021
CHF
Portefeuille-titres, cours d’achat	336 024 257.01
Portefeuille-titres, plus- (moins-) value non-réalisée	278 574.45
Total portefeuille-titres (note 1)	335 745 682.56
Avoirs en banque, dépôts à vue et à terme	60 408 262.02*
Autres liquidités (marges)	3 784 592.08
A recevoir sur ventes de titres (note 1)	6 768.94
A recevoir sur souscriptions	277 010.41
Intérêts à recevoir sur titres	2 696 144.85
Intérêts à recevoir sur liquidités	838.41
Autres créances	150 446.18
Bénéfice non réalisé sur swaps (note 1)	715 853.62
Bénéfice non réalisé sur contrats financiers à terme (note 1)	146 242.18
Perte non réalisée sur titres adossés à des hypothèques TBA (note 1)	-68 519.71
Perte non réalisée sur contrats de change à terme (note 1)	-1 823 727.41
Crédit en compte courant	-10 618 963.11
Intérêts à payer sur crédit en compte courant	-691.92
A payer sur achats de titres (note 1)	-13 364 265.23
A payer sur rachats	-66 897.60
Provisions pour commission de gestion forfaitaire (note 2)	-121 915.25
Provisions pour taxe d’abonnement (note 3)	-33 749.55
Provisions pour autres commissions et frais (note 2)		-33 464.25		 Total des Provisions pour frais			-189 129.05
Actifs nets à la fin de la période	377 799 647.22

## Etat des opérations
Revenus	1.4.2021-30.9.2021
CHF
Revenus d’intérêts sur liquidités	30 986.57
Intérêts sur titres	4 398 766.67
Dividendes	383 395.04
Revenus d’intérêts sur swaps (note 1)	2 197 405.85
Revenus nets sur prêts de titres	37 926.35
Total des Revenus	7 125 563.90
Charges
Autres revenus	77 083.42
Charges d’intérêts sur swaps (note 1)	-1 894 900.92
Commission de gestion forfaitaire (note 2)	-1 485 552.92
Taxe d’abonnement (note 3)	-66 979.35
Autres commissions et frais (note 2)	-32 316.28
Total des Charges	-3 523 846.72
Revenus (Pertes) net(te)s des investissements	3 601 717.18
Bénéfices (pertes) réalisé(e)s (note 1)
Charges d’intérêts sur liquidités et crédit en compte courant	-44 097.25
Bénéfice (perte) réalisé(e) sur titres évalués à la valeur de marché hors options	-1 848 397.71
Bénéfice (perte) réalisé(e) sur contrats financiers à terme	578 029.60
Bénéfice (perte) réalisé(e) sur contrats de change à terme	-546 661.50
Bénéfice (perte) réalisé(e) sur swaps	-841 856.86
Bénéfice (perte) net(te) réalisé(e) au cours de la période	618 098.48
Total des Bénéfices (pertes) réalisé(e)s	-2 983 618.70
Bénéfice (perte) réalisé(e) de change réalisé(e)	-324 732.23
Variations des plus- (moins-) values non-réalisées (note 1)
Plus- (Moins-) value non réalisée sur titres évalués à la valeur de marché hors options	-1 474 767.48 Plus- (Moins-) value non réalisée sur options		18 986.43
Plus- (Moins-) value non réalisée sur instruments du marché monétaire et titres évalués en fonction des rendements	-5 913.74
Plus- (Moins-) value non réalisée sur titres adossés à des hypothèques TBA	18 233.00
Plus- (Moins-) value non réalisée sur contrats financiers à terme	600 321.66
Plus- (Moins-) value non réalisée sur contrats de change à terme	-639 777.81
Total des Variations des plus- (moins-) values non-réalisées	-942 161.38
Plus- (Moins-) value non réalisée sur swaps	540 756.56
Augmentation/(diminution) nette de l’actif net issue de l’activité	-324 062.90
* Au 30 septembre 2021, des avoirs en banque ont été utilisés à titre de garantie, à hauteur de 32 433.80 CHF en faveur de JP Morgan et à hauteur de 389 205.54 CHF en faveur de Bank of America.
UBS (Lux) Bond Fund – Global Flexible Rapport semestriel au 30 septembre 2021
| Variations de l’actif net |  |
| --- | --- |
|  | CHF |
|  | 1.4.2021-30.9.2021 |
| Actif net au début de la période | 330 462 860.01 |
| Souscriptions | 78 501 787.44 |
| Rachats | 	-29 880 534.37	 |
| Souscriptions (Rachats) net(te)s | 48 621 253.07 |
| Dividendes versés | -960 402.96 |
| Revenus (Pertes) net(te)s des investissements | 3 601 717.18 |
| Total des Bénéfices (pertes) réalisé(e)s | -2 983 618.70 |
| Total des Variations des plus- (moins-) values non-réalisées | 	-942 161.38	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | -324 062.90 |
| Actifs nets à la fin de la période | 377 799 647.22 |
| Evolution des parts en circulation |  |
|  | 1.4.2021-30.9.2021 |
| Catégorie | (CAD hedged) F-acc |
| Nombre de parts en circulation au début de la période | 13 530.0000 |
| Nombre de parts émises | 230.0000 |
| Nombre de parts rachetées | 0.0000 |
| Nombre de parts en circulation à la fin de la période | 13 760.0000 |
| Catégorie | (GBP hedged) F-acc |
| Nombre de parts en circulation au début de la période | 6 465.8690 |
| Nombre de parts émises | 301.0000 |
| Nombre de parts rachetées | -412.0000 |
| Nombre de parts en circulation à la fin de la période | 6 354.8690 |
| Catégorie | (EUR hedged) I-A1-acc |
| Nombre de parts en circulation au début de la période | 100.0000 |
| Nombre de parts émises | 100.7250 |
| Nombre de parts rachetées | -100.0000 |
| Nombre de parts en circulation à la fin de la période | 100.7250 |
| Catégorie | (EUR hedged) I-A3-acc |
| Nombre de parts en circulation au début de la période | 0.0000 |
| Nombre de parts émises | 600 000.0000 |
| Nombre de parts rachetées | 0.0000 |
| Nombre de parts en circulation à la fin de la période | 600 000.0000 |
| Catégorie | I-B-acc |
| Nombre de parts en circulation au début de la période | 50 343.6930 |
| Nombre de parts émises | 0.0000 |
| Nombre de parts rachetées | -50 343.6930 |
| Nombre de parts en circulation à la fin de la période | 0.0000 |
| Catégorie | (EUR hedged) I-B-acc |
| Nombre de parts en circulation au début de la période | 359 913.1470 |
| Nombre de parts émises | 0.0000 |
| Nombre de parts rachetées | 0.0000 |
| Nombre de parts en circulation à la fin de la période | 359 913.1470 |
| Catégorie | (EUR hedged) I-X-acc |
| Nombre de parts en circulation au début de la période | 142 271.0000 |
| Nombre de parts émises | 5 720.8500 |
| Nombre de parts rachetées | 0.0000 |
| Nombre de parts en circulation à la fin de la période | 147 991.8500 |
| Catégorie | P-acc |
| Nombre de parts en circulation au début de la période | 41 137.8240 |
| Nombre de parts émises | 1 336.1790 |
| Nombre de parts rachetées | -2 847.2020 |
| Nombre de parts en circulation à la fin de la période | 39 626.8010 |
| Catégorie | (CAD hedged) P-acc |
| Nombre de parts en circulation au début de la période | 465 860.9870 |
| Nombre de parts émises | 9 367.5970 |
| Nombre de parts rachetées | -52 793.6650 |
| Nombre de parts en circulation à la fin de la période | 422 434.9190 |
| Catégorie | (EUR hedged) P-acc |
| Nombre de parts en circulation au début de la période | 354 165.6750 |
| Nombre de parts émises | 45 141.6610 |
| Nombre de parts rachetées | -62 147.1120 |
| Nombre de parts en circulation à la fin de la période | 337 160.2240 |
| Catégorie | (GBP hedged) P-acc |
| Nombre de parts en circulation au début de la période | 134 171.0270 |
| Nombre de parts émises | 4 726.0940 |
| Nombre de parts rachetées | -6 614.2700 |
| Nombre de parts en circulation à la fin de la période | 132 282.8510 |
| Catégorie | (USD hedged) P-acc |
| Nombre de parts en circulation au début de la période | 405 403.2010 |
| Nombre de parts émises | 520.8480 |
| Nombre de parts rachetées | -22 115.6420 |
| Nombre de parts en circulation à la fin de la période | 383 808.4070 |

UBS (Lux) Bond Fund – Global Flexible Rapport semestriel au 30 septembre 2021
| Catégorie | P-dist |
| --- | --- |
| Nombre de parts en circulation au début de la période | 46 369.8240 |
| Nombre de parts émises | 759.1080 |
| Nombre de parts rachetées | -3 113.6750 |
| Nombre de parts en circulation à la fin de la période | 44 015.2570 |
| Catégorie | (CAD hedged) P-dist |
| Nombre de parts en circulation au début de la période | 118 959.5700 |
| Nombre de parts émises | 400.0540 |
| Nombre de parts rachetées | -3 846.1350 |
| Nombre de parts en circulation à la fin de la période | 115 513.4890 |
| Catégorie | (EUR hedged) P-dist |
| Nombre de parts en circulation au début de la période | 68 395.2870 |
| Nombre de parts émises | 10 406.6510 |
| Nombre de parts rachetées | -6 364.3170 |
| Nombre de parts en circulation à la fin de la période | 72 437.6210 |
| Catégorie | (GBP hedged) P-dist |
| Nombre de parts en circulation au début de la période | 50 904.3160 |
| Nombre de parts émises | 567.6540 |
| Nombre de parts rachetées | -1 702.4940 |
| Nombre de parts en circulation à la fin de la période | 49 769.4760 |
| Catégorie | (USD hedged) P-dist |
| Nombre de parts en circulation au début de la période | 54 043.3930 |
| Nombre de parts émises | 561.8580 |
| Nombre de parts rachetées | -4 681.0240 |
| Nombre de parts en circulation à la fin de la période | 49 924.2270 |
| Catégorie | (EUR hedged) P-2%-qdist |
| Nombre de parts en circulation au début de la période | 3 745.5440 |
| Nombre de parts émises | 2 436.9970 |
| Nombre de parts rachetées | -1 387.8070 |
| Nombre de parts en circulation à la fin de la période | 4 794.7340 |
| Catégorie | Q-acc |
| Nombre de parts en circulation au début de la période | 18 667.2690 |
| Nombre de parts émises | 110.0000 |
| Nombre de parts rachetées | -2 819.4860 |
| Nombre de parts en circulation à la fin de la période | 15 957.7830 |
| Catégorie | (CAD hedged) Q-acc |
| Nombre de parts en circulation au début de la période | 54 928.6270 |
| Nombre de parts émises | 1 162.2650 |
| Nombre de parts rachetées | -1 975.3660 |
| Nombre de parts en circulation à la fin de la période | 54 115.5260 |
| Catégorie | (EUR hedged) Q-acc |
| Nombre de parts en circulation au début de la période | 96.2830 |
| Nombre de parts émises | 7 844.9590 |
| Nombre de parts rachetées | -193.4470 |
| Nombre de parts en circulation à la fin de la période | 7 747.7950 |
| Catégorie | (GBP hedged) Q-acc |
| Nombre de parts en circulation au début de la période | 12 962.0710 |
| Nombre de parts émises | 0.0000 |
| Nombre de parts rachetées | -417.1520 |
| Nombre de parts en circulation à la fin de la période | 12 544.9190 |
| Catégorie | (USD hedged) Q-acc |
| Nombre de parts en circulation au début de la période | 73 029.0250 |
| Nombre de parts émises | 477.2720 |
| Nombre de parts rachetées | -2 293.6540 |
| Nombre de parts en circulation à la fin de la période | 71 212.6430 |
| Catégorie | Q-dist |
| Nombre de parts en circulation au début de la période | 24 962.8270 |
| Nombre de parts émises | 317.9130 |
| Nombre de parts rachetées | -2 404.8360 |
| Nombre de parts en circulation à la fin de la période | 22 875.9040 |
| Catégorie | (CAD hedged) Q-dist |
| Nombre de parts en circulation au début de la période | 12 775.5580 |
| Nombre de parts émises | 400.0000 |
| Nombre de parts rachetées | -4 429.7470 |
| Nombre de parts en circulation à la fin de la période | 8 745.8110 |
| Catégorie | (GBP hedged) Q-dist |
| Nombre de parts en circulation au début de la période | 3 569.6890 |
| Nombre de parts émises | 0.0000 |
| Nombre de parts rachetées | 0.0000 |
| Nombre de parts en circulation à la fin de la période | 3 569.6890 |
| Catégorie | (USD hedged) Q-dist |
| Nombre de parts en circulation au début de la période | 9 200.7770 |
| Nombre de parts émises | 0.0000 |
| Nombre de parts rachetées | -1 685.0000 |
| Nombre de parts en circulation à la fin de la période | 7 515.7770 |

UBS (Lux) Bond Fund – Global Flexible Rapport semestriel au 30 septembre 2021
| Distribution annuelle 1 |  |
| --- | --- |
| UBS (Lux) Bond Fund |  |  |  |  |
| – Global Flexible | Date de détachement | Date de versement | Devise | Montant par part |
| P-dist | 1.6.2021 | 4.6.2021 | CHF | 8.38 |
| (CAD hedged) P-dist | 1.6.2021 | 4.6.2021 | CAD | 1.69 |
| (EUR hedged) P-dist | 1.6.2021 | 4.6.2021 | EUR | 1.71 |
| (GBP hedged) P-dist | 1.6.2021 | 4.6.2021 | GBP | 1.60 |
| (USD hedged) P-dist | 1.6.2021 | 4.6.2021 | USD | 1.68 |
| Q-dist | 1.6.2021 | 4.6.2021 | CHF | 2.30 |
| (CAD hedged) Q-dist | 1.6.2021 | 4.6.2021 | CAD | 3.32 |
| (GBP hedged) Q-dist | 1.6.2021 | 4.6.2021 | GBP | 2.15 |
| (USD hedged) Q-dist | 1.6.2021 | 4.6.2021 | USD | 2.75 |

| Distribution trimestrielle 1 |  |
| --- | --- |
| UBS (Lux) Bond Fund – Global Flexible | Date de détachement | Date de versement | Devise | Montant par part |
| (EUR hedged) P-2%-qdist | 12.4.2021 | 15.4.2021 | EUR | 0.51 |
| (EUR hedged) P-2%-qdist | 12.7.2021 | 15.7.2021 | EUR | 0.52 |
| 1  Voir note 4 |  |  |  |  |

UBS (Lux) Bond Fund – Global Flexible Rapport semestriel au 30 septembre 2021

## Etat du portefeuille-titres et autres actifs nets au 30 septembre 2021
| Dénomination | Quantité/ | Evaluation en CHF | en % |
| --- | --- | --- | --- |
|  | Nominal | Plus- (Moins-) value non- | des |
|  |  | réalisée sur Futures/ | actifs |
|  |  | Contrats de | nets |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
| Titres et instruments du marché monétaire négociés sur une bourse officielle |  |  |  |
| Billets, taux fixe |  |  |  |
| BRL |  |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 10.00000% 16-01.01.27 | 3 500.00 | 583 571.28 | 0.16 |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 10.00000% 20-01.01.31 | 14 400.00 | 2 309 294.61 | 0.61 |
| Total BRL |  | 2 892 865.89 | 0.77 |
| CAD |  |  |  |
| CAD	AUSTRIA, REPUBLIC OF-144A 5.37500% 04-01.12.34 | 2 500 000.00 | 2 391 935.35 | 0.63 |
| Total CAD |  | 2 391 935.35 | 0.63 |
| EUR |  |  |  |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 8.00000% 19-15.05.27 | 160 000.00 | 184 050.97 | 0.05 |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 900 000.00 | 1 017 149.77 | 0.27 |
| EUR	ARDAGH PACKAGING FINANCE/MP-REG-S 2.12500% 19-15.08.26 | 400 000.00 | 432 450.60 | 0.11 |
| EUR	BACARDI LTD-REG-S 2.75000% 13-03.07.23 | 100 000.00 | 113 189.62 | 0.03 |
| EUR	BP CAPITAL MARKETS BV-REG-S 0.93300% 20-04.12.40 | 225 000.00 | 221 024.96 | 0.06 |
| EUR	BULGARIAN ENERGY HOLDING EAD-REG-S 2.45000% 21-22.07.28 | 530 000.00 | 574 830.64 | 0.15 |
| EUR	CHINA, PEOPLE’S REPUBLIC OF-REG-S 1.00000% 19-12.11.39 | 385 000.00 | 411 629.12 | 0.11 |
| EUR	FISERV INC 1.62500% 19-01.07.30 | 245 000.00 | 283 828.97 | 0.08 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 3.37500% 20-27.03.25 | 275 000.00 | 331 380.30 | 0.09 |
| EUR	GTC AURORA LUXEMBOURG SA-REG-S 2.25000% 21-23.06.26 | 320 000.00 | 351 699.28 | 0.09 |
| EUR	INTERNATIONAL GAME TECHNOLOGY PLC-REG-S 2.37500% 19-15.04.28 | 220 000.00 | 234 577.42 | 0.06 |
| EUR	JAGUAR LAND ROVER AUTOMOTIVE PLC-REG-S 4.50000% 18-15.01.26 | 400 000.00 | 437 856.24 | 0.12 |
| EUR	JAGUAR LAND ROVER AUTOMOTIVE PLC-REG-S 4.50000% 21-15.07.28 | 645 000.00 | 687 393.87 | 0.18 |
| EUR	LOXAM SAS-REG-S 3.75000% 19-15.07.26 | 600 000.00 | 662 622.44 | 0.18 |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.12500% 20-11.02.28 | 200 000.00 | 217 526.97 | 0.06 |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.37500% 20-11.02.31 | 200 000.00 | 218 363.77 | 0.06 |
| EUR	MACIF-REG-S-SUB 0.62500% 21-21.06.27 | 400 000.00 | 429 505.62 | 0.11 |
| EUR	NATIONAL GRID ELECTRICITY TRANS-REG-S 0.19000% 20-20.01.25 | 100 000.00 | 108 814.31 | 0.03 |
| EUR	SOFTBANK GROUP CORP-REG-S 5.00000% 18-15.04.28 | 350 000.00 | 398 091.59 | 0.11 |
| EUR	TELE COLUMBUS AG-REG-S 3.87500% 18-02.05.25 | 750 000.00 | 812 872.00 | 0.22 |
| EUR	TRITAX EUROBOX PLC-REG-S 0.95000% 21-02.06.26 | 190 000.00 | 207 656.13 | 0.05 |
| EUR	UKRAINE, GOVERNMENT OF-REG-S 4.37500% 20-27.01.30 | 1 000 000.00 | 1 002 744.84 | 0.27 |
| EUR	VANTAGE TOWERS AG-REG-S 0.37500% 21-31.03.27 | 400 000.00 | 432 052.75 | 0.11 |
| EUR	VERISURE MIDHOLDING AB-REG-S 5.25000% 21-15.02.29 | 215 000.00 | 238 457.81 | 0.06 |
| Total EUR |  | 10 009 769.99 | 2.66 |
| GBP |  |  |  |
| GBP	AMERICA MOVIL SAB DE CV 4.37500% 12-07.08.41 | 100 000.00 | 158 900.49 | 0.04 |
| GBP	BROADGATE FINANCING PLC 4.82100% 05-05.07.33 | 100 000.00 | 161 498.54 | 0.04 |
| GBP	BUPA FINANCE PLC-REG-S 1.75000% 20-14.06.27 | 250 000.00 | 319 537.39 | 0.09 |
| GBP	CPUK FINANCE LTD-REG-S 4.50000% 21-28.08.27 | 140 000.00 | 178 993.02 | 0.05 |
| GBP	GOLDMAN SACHS GROUP INC 7.25000% 08-10.04.28 | 250 000.00 | 419 992.88 | 0.11 |
| Total GBP |  | 1 238 922.32 | 0.33 |
| USD |  |  |  |
| USD	3M CO 2.65000% 20-15.04.25 | 140 000.00 | 137 868.97 | 0.04 |
| USD	ABBOTT LABORATORIES 4.90000% 16-30.11.46 | 60 000.00 | 75 783.60 | 0.02 |
| USD	ABBVIE INC 4.25000% 18-14.11.28 | 115 000.00 | 123 575.58 | 0.03 |
| USD	ABBVIE INC 4.87500% 18-14.11.48 | 180 000.00 | 215 399.22 | 0.06 |
| USD	ADOBE INC 2.15000% 20-01.02.27 | 135 000.00 | 131 948.19 | 0.04 |
| USD	AERCAP IRELAND CAP/ GLBL AVIATION TRUST 6.50000% 20-15.07.25 | 150 000.00 | 162 232.18 | 0.04 |
| USD	AIR PRODUCTS & CHEMICALS INC 2.05000% 20-15.05.30 | 135 000.00 | 127 300.19 | 0.03 |
| USD	ALBEMARLE CORPORATION 5.45000% 14-01.12.44 | 85 000.00 | 100 872.09 | 0.03 |
| USD	ALTRIA GROUP INC 4.40000% 19-14.02.26 | 34 000.00 | 35 622.73 | 0.01 |
| USD	ALTRIA GROUP INC 4.80000% 19-14.02.29 | 10 000.00 | 10 720.18 | 0.00 |
| USD	AMBER CIRCLE FUNDING LTD-REG-S 3.25000% 12-04.12.22 | 280 000.00 | 268 776.09 | 0.07 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 425 000.00 | 412 188.60 | 0.11 |
| USD	AMGEN INC 4.40000% 15-01.05.45 | 35 000.00 | 39 054.93 | 0.01 |
| USD	ANHEUSER-BUSCH COS 3.65000% 19-01.02.26 | 60 000.00 | 61 390.20 | 0.02 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.75000% 19-23.01.29 | 265 000.00 | 291 029.16 | 0.08 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.50000% 20-01.06.50 | 190 000.00 | 211 577.01 | 0.06 |
| USD	ANTHEM INC 3.65000% 17-01.12.27 | 50 000.00 | 51 813.63 | 0.01 |
| USD	APPLE INC 1.80000% 19-11.09.24 | 80 000.00 | 77 233.26 | 0.02 |
| USD	APPLE INC 3.85000% 16-04.08.46 | 270 000.00 | 294 514.81 | 0.08 |
| USD	APT PIPELINES LTD-REG-S 4.20000% 15-23.03.25 | 590 000.00 | 598 978.32 | 0.16 |
| USD	ARGENTINA, REPUBLIC OF STEP-UP 20-09.07.35 | 552 900.00 | 168 141.92 | 0.04 |
| USD	ARGENTINA, REPUBLIC OF STEP-UP 20-09.01.38 | 140 203.00 | 50 418.92 | 0.01 |
| USD	ARGENTINA, REPUBLIC OF 1.00000% 20-09.07.29 | 32 880.00 | 11 747.42 | 0.00 |
| USD	AT&T INC 4.35000% 19-01.03.29 | 350 000.00 | 374 368.41 | 0.10 |
| USD	AT&T INC 4.75000% 15-15.05.46 | 290 000.00 | 323 589.30 | 0.09 |
| USD	BAT CAPITAL CORP 3.22200% 18-15.08.24 | 500 000.00 | 494 459.82 | 0.13 |
| USD	BOEING CO/THE 2.19600% 21-04.02.26 | 350 000.00 | 328 904.37 | 0.09 |
| USD	BRISTOL MYERS SQUIBB CO 4.25000% 20-26.10.49 | 295 000.00 | 341 339.92 | 0.09 |
| USD	BRISTOL-MYERS SQUIBB CO 2.60000% 20-16.05.22 | 135 000.00 | 127 790.52 | 0.03 |
| USD	CANADIAN NATURAL RESOURCES LTD 3.85000% 17-01.06.27 | 240 000.00 | 244 871.51 | 0.06 |
| USD	CCO LLC/CAPITAL 4.50000% 18-01.02.24 | 95 000.00 | 95 879.45 | 0.03 |
| USD	CHEVRON USA INC 3.85000% 21-15.01.28 | 70 000.00 | 73 730.25 | 0.02 |
| USD	CHILE, REPUBLIC OF 3.86000% 17-21.06.47 | 685 000.00 | 686 647.86 | 0.18 |
| USD	CIGNA CORP 2.40000% 20-15.03.30 | 230 000.00 | 218 114.97 | 0.06 |
| USD	CIGNA CORP 4.90000% 19-15.12.48 | 70 000.00 | 83 490.31 | 0.02 |
| USD	CITIGROUP INC 4.65000% 18-23.07.48 | 175 000.00 | 210 582.80 | 0.06 |
| USD	CNOOC PETROLEUM NORTH AMERICA ULC 6.40000% 07-15.05.37 | 500 000.00 | 619 406.57 | 0.16 |
| USD	CNPC GENERAL CAPITAL LTD-REG-S 3.40000% 13-16.04.23 | 300 000.00 | 290 139.67 | 0.08 |
| USD	COCA-COLA FEMSA SA 2.75000% 20-22.01.30 | 300 000.00 | 287 603.48 | 0.08 |
| USD	COMCAST CORP 3.95000% 18-15.10.25 | 75 000.00 | 77 611.82 | 0.02 |
| USD	COMCAST CORP 4.15000% 18-15.10.28 | 50 000.00 | 53 640.49 | 0.01 |
| USD	CORP NACIONAL DEL COBRE DE CHILE-REG-S 3.62500% 17-01.08.27 | 200 000.00 | 200 131.31 | 0.05 |

UBS (Lux) Bond Fund – Global Flexible Rapport semestriel au 30 septembre 2021
|  | Dénomination | Quantité/ | Evaluation en CHF | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Plus- (Moins-) value non- | des |
|  |  | réalisée sur Futures/ | actifs |
|  |  | Contrats de | nets |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
|  |  |  |  |  |
| USD | COSTA RICA, REPUBLIC OF-REG-S 7.15800% 15-12.03.45 | 700 000.00 | 653 117.44 | 0.17 |
| USD | COSTCO WHOLESALE CORP 1.60000% 20-20.04.30 | 75 000.00 | 68 367.74 | 0.02 |
| USD | CVS HEALTH CORP 4.30000% 18-25.03.28 | 30 000.00 | 31 921.80 | 0.01 |
| USD | CVS HEALTH CORP 5.12500% 15-20.07.45 | 315 000.00 | 378 689.90 | 0.10 |
| USD | DISCOVERY COMMUNICATIONS LLC 5.30000% 19-15.05.49 | 140 000.00 | 163 147.79 | 0.04 |
| USD | ECUADOR GOVT INTERNATIONAL BD-REG-S STEP-UP/DOWN 20-31.07.35 | 331 851.00 | 201 218.68 | 0.05 |
| USD | ECUADOR, REPUBLIC OF-REG-S STEP-UP 0.50000% 20-31.07.30 | 126 630.00 | 98 931.19 | 0.03 |
| USD | ECUADOR, REPUBLIC OF-REG-S STEP-UP 20-31.07.40 | 152 090.00 | 82 182.34 | 0.02 |
| USD | ENABLE MIDSTREAM PARTNERS LP 3.90000% 15-15.05.24 | 240 000.00 | 237 706.41 | 0.06 |
| USD | ENERGY TRANSFER LP 6.05000% 11-01.06.41 | 350 000.00 | 405 060.30 | 0.11 |
| USD | ENERGY TRANSFER LP 6.00000% 18-15.06.48 | 190 000.00 | 224 910.28 | 0.06 |
| USD | EQT CORP 3.90000% 17-01.10.27 | 570 000.00 | 575 448.21 | 0.15 |
| USD | FIRSTENERGY CORP 2.25000% 20-01.09.30 | 100 000.00 | 90 020.02 | 0.02 |
| USD | FISERV INC 3.20000% 19-01.07.26 | 270 000.00 | 271 930.20 | 0.07 |
| USD | FLOWSERVE CORP 3.50000% 20-01.10.30 | 450 000.00 | 438 331.85 | 0.12 |
| USD | FOMENTO ECONOMICO MEXIC SAB DE CV 3.50000% 20-16.01.50 | 270 000.00 | 261 939.24 | 0.07 |
| USD | FORD MOTOR CO 9.00000% 20-22.04.25 | 750 000.00 | 841 335.08 | 0.22 |
| USD | FORD MOTOR CREDIT CO LLC 4.37500% 13-06.08.23 | 600 000.00 | 582 859.60 | 0.15 |
| USD | GAZ CAPITAL SA/GAZPROM-REG-S LPN 6.51000% 07-07.03.22 | 300 000.00 | 286 291.67 | 0.08 |
| USD | GE CAPITAL INTL FUNDING CO 4.41800% 16-15.11.35 | 510 000.00 | 570 929.06 | 0.15 |
| USD | GENERAL ELECTRIC CO 3.45000% 20-01.05.27 | 75 000.00 | 76 732.94 | 0.02 |
| USD | GENERAL MOTORS CO 6.12500% 20-01.10.25 | 275 000.00 | 300 578.31 | 0.08 |
| USD | GENERAL MOTORS FINANCIAL CO 4.35000% 18-09.04.25 | 240 000.00 | 245 829.46 | 0.07 |
| USD | GEORGIA POWER CO 2.10000% 20-30.07.23 | 165 000.00 | 158 476.67 | 0.04 |
| USD | GILEAD SCIENCES INC 4.75000% 15-01.03.46 | 100 000.00 | 117 304.06 | 0.03 |
| USD | GLENCORE FUNDING LLC-REG-S 4.12500% 19-12.03.24 | 370 000.00 | 369 779.91 | 0.10 |
| USD | GOLDMAN SACHS GROUP INC 3.50000% 20-01.04.25 | 550 000.00 | 551 600.57 | 0.15 |
| USD | GUATEMALA, REPUBLIC OF-REG-S 5.75000% 12-06.06.22 | 300 000.00 | 286 029.30 | 0.08 |
| USD | HARTFORD FINANCIAL SERVICES GROUP INC 4.40000% 18-15.03.48 | 80 000.00 | 90 985.57 | 0.02 |
| USD | HSBC HOLDINGS PLC 4.95000% 20-31.03.30 | 200 000.00 | 221 885.92 | 0.06 |
| USD | ILLINOIS TOOL WORKS INC 2.65000% 16-15.11.26 | 155 000.00 | 154 612.85 | 0.04 |
| USD | IMPERIAL BRANDS FINANCE PLC-REG-S 3.12500% 19-26.07.24 | 750 000.00 | 736 149.53 | 0.20 |
| USD | INDONESIA, REPUBLIC OF-REG-S 5.25000% 12-17.01.42 | 660 000.00 | 747 590.66 | 0.20 |
| USD | INTERNATIONAL BUSINESS MACHINES CORP 2.85000% 19-13.05.22 | 740 000.00 | 701 575.07 | 0.19 |
| USD | INTERNATIONAL BUSINESS MACHINES CORP 3.30000% 19-15.05.26 | 425 000.00 | 432 119.13 | 0.11 |
| USD | JPMORGAN CHASE & CO 3.20000% 13-25.01.23 | 700 000.00 | 677 852.87 | 0.18 |
| USD | JPMORGAN CHASE & CO 3.90000% 15-15.07.25 | 820 000.00 | 836 434.05 | 0.22 |
| USD | KOREA NATIONAL OIL CORP-REG-S 3.37500% 17-27.03.27 | 600 000.00 | 611 413.21 | 0.16 |
| USD | LLOYDS BANKING GROUP PLC 4.45000% 18-08.05.25 | 200 000.00 | 206 968.50 | 0.06 |
| USD | MEITUAN DIANPING-REG-S 3.05000% 20-28.10.30 | 1 150 000.00 | 993 190.82 | 0.26 |
| USD | MEXICHEM SAB DE CV-REG-S 4.00000% 17-04.10.27 | 200 000.00 | 203 279.67 | 0.05 |
| USD | MEXICHEM SAB DE CV-REG-S 5.50000% 17-15.01.48 | 200 000.00 | 219 021.53 | 0.06 |
| USD | MICROSOFT CORP 2.92100% 21-17.03.52 | 260 000.00 | 250 738.26 | 0.07 |
| USD | MPLX LP 5.20000% 17-01.03.47 | 80 000.00 | 90 515.71 | 0.02 |
| USD | NATWEST GROUP PLC 3.87500% 16-12.09.23 | 200 000.00 | 197 809.26 | 0.05 |
| USD | NATWEST GROUP PLC 4.80000% 16-05.04.26 | 200 000.00 | 212 084.64 | 0.06 |
| USD | NIKE INC 2.40000% 20-27.03.25 | 65 000.00 | 63 631.65 | 0.02 |
| USD | OMAN GOVT INTERNATIONAL BOND-REG-S 6.75000% 18-17.01.48 | 710 000.00 | 652 926.78 | 0.17 |
| USD | ORACLE CORP 2.50000% 20-01.04.25 | 150 000.00 | 146 381.47 | 0.04 |
| USD | PAYPAL HOLDINGS INC 2.65000% 19-01.10.26 | 130 000.00 | 129 573.37 | 0.03 |
| USD | PEGASUS HAVA TASIMACILIGI AS-REG-S 9.25000% 21-30.04.26 | 345 000.00 | 339 534.08 | 0.09 |
| USD | PETROLEOS MEXICANOS 6.84000% 20-23.01.30 | 450 000.00 | 431 494.43 | 0.11 |
| USD | PHILIP MORRIS INTERNATIONAL INC 1.50000% 20-01.05.25 | 160 000.00 | 151 454.11 | 0.04 |
| USD | PHILIPPINES, REPUBLIC OF THE 2.45700% 20-05.05.30 | 700 000.00 | 666 126.73 | 0.18 |
| USD | PHILLIPS 66 PARTNERS LP 4.68000% 15-15.02.45 | 180 000.00 | 193 091.26 | 0.05 |
| USD | PLAINS ALL AMERICAN PIPELINE LP 3.80000% 20-15.09.30 | 145 000.00 | 144 406.30 | 0.04 |
| USD | QATAR, STATE OF-REG-S 5.10300% 18-23.04.48 | 950 000.00 | 1 174 391.11 | 0.31 |
| USD | QUALCOMM INC 4.30000% 17-20.05.47 | 65 000.00 | 75 253.57 | 0.02 |
| USD | REYNOLDS AMERICAN INC 5.70000% 15-15.08.35 | 130 000.00 | 145 145.03 | 0.04 |
| USD | ROCHE HOLDINGS INC-REG-S 2.62500% 16-15.05.26 | 500 000.00 | 494 798.79 | 0.13 |
| USD | ROPER TECHNOLOGIES INC 2.00000% 20-30.06.30 | 215 000.00 | 196 368.65 | 0.05 |
| USD | ROPER TECHNOLOGIES INC 1.00000% 20-15.09.25 | 200 000.00 | 185 573.29 | 0.05 |
| USD | SANTOS FINANCE LTD-REG-S 3.64900% 21-29.04.31 | 520 000.00 | 493 964.24 | 0.13 |
| USD | SAUDI ARABIAN OIL CO-REG-S 1.62500% 20-24.11.25 | 200 000.00 | 186 336.78 | 0.05 |
| USD | SGSP AUSTRALIA ASSETS PTY LTD-REG-S 3.25000% 16-29.07.26 | 200 000.00 | 200 364.65 | 0.05 |
| USD | SHIMAO PROPERTY HOLDINGS LTD-REG-S 3.45000% 21-11.01.31 | 210 000.00 | 174 349.66 | 0.05 |
| USD | SHIMAO PROPERTY HOLDINGS LTD-REG-S 5.20000% 21-16.01.27 | 250 000.00 | 225 341.58 | 0.06 |
| USD | SINOPEC CAPITAL 2013 LTD-REG-S 3.12500% 13-24.04.23 | 640 000.00 | 617 048.19 | 0.16 |
| USD | SOUTHERN CO 4.40000% 16-01.07.46 | 90 000.00 | 98 711.86 | 0.03 |
| USD | SOUTHWEST AIRLINES CO 4.75000% 20-04.05.23 | 70 000.00 | 69 515.24 | 0.02 |
| USD | SOUTHWEST AIRLINES CO 5.12500% 20-15.06.27 | 115 000.00 | 125 458.75 | 0.03 |
| USD | SPRINT CORP 7.87500% 14-15.09.23 | 400 000.00 | 416 927.97 | 0.11 |
| USD | SUMITOMO MITSUI FIN GP INC-SUB 3.20200% 19-17.09.29 | 155 000.00 | 152 332.84 | 0.04 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 7.00000% 20-09.07.25 | 260 000.00 | 193 426.45 | 0.05 |
| USD | SUNCORP-METWAY LTD-REG-S 2.80000% 17-04.05.22 | 80 000.00 | 75 706.50 | 0.02 |
| USD | TEVA PHARMACEUTICAL FINANCE NL III BV 2.80000% 16-21.07.23 | 220 000.00 | 202 866.89 | 0.05 |
| USD | TRUIST FINANCIAL CORP 2.70000% 16-27.01.22 | 185 000.00 | 173 580.20 | 0.05 |
| USD | TURKEY, REPUBLIC OF 6.87500% 06-17.03.36 | 820 000.00 | 741 893.27 | 0.20 |
| USD | UKRAINE, GOVERNMENT OF-REG-S 7.37500% 17-25.09.32 | 570 000.00 | 542 292.53 | 0.14 |
| USD | UNITED RENTALS NORTH AMERICA INC 3.87500% 19-15.11.27 | 150 000.00 | 146 574.06 | 0.04 |
| USD | UNITED TECHNOLOGIES CORP 3.95000% 18-16.08.25 | 105 000.00 | 107 872.55 | 0.03 |
| USD | URUGUAY, REPUBLIC OF 4.12500% 12-20.11.45 | 800 000.00 | 870 022.55 | 0.23 |
| USD | VALE OVERSEAS LTD 3.75000% 20-08.07.30 | 120 000.00 | 115 546.53 | 0.03 |
| USD | VEB FINANCE PLC-REG-S LPN 5.94200% 13-21.11.23 | 400 000.00 | 405 879.31 | 0.11 |
| USD | VERIZON COMMUNICATIONS INC 3.37600% 18-15.02.25 | 390 000.00 | 393 730.02 | 0.10 |
| USD | VERIZON COMMUNICATIONS INC 2.98700% 21-30.10.56 | 59 000.00 | 50 820.31 | 0.01 |
| USD | VERIZON COMMUNICATIONS INC 2.10000% 21-22.03.28 | 855 000.00 | 809 622.31 | 0.21 |
| USD | VIACOMCBS INC 4.75000% 20-15.05.25 | 605 000.00 | 633 376.99 | 0.17 |
| USD | VIRGINIA ELECTRIC & POWER CO 3.80000% 18-01.04.28 | 50 000.00 | 52 068.89 | 0.01 |
| USD | VISA INC 1.90000% 20-15.04.27 | 210 000.00 | 202 251.25 | 0.05 |
| USD | VISTRA OPERATIONS CO LLC-144A 4.37500% 21-01.05.29 | 105 000.00 | 98 549.68 | 0.03 |
| USD | VMWARE INC 1.00000% 21-15.08.24 | 260 000.00 | 243 351.00 | 0.06 |
| USD | WALT DISNEY CO 1.75000% 19-30.08.24 | 300 000.00 | 288 530.51 | 0.08 |
| USD | WASTE CONNECTIONS INC 2.95000% 21-15.01.52 | 300 000.00 | 273 824.93 | 0.07 |
| USD | WESTPAC BANKING CORP 2.80000% 17-11.01.22 | 60 000.00 | 56 364.82 | 0.02 |
| USD | WESTPAC BANKING CORP-SUB 4.42100% 19-24.07.39 | 185 000.00 | 202 364.25 | 0.05 |

UBS (Lux) Bond Fund – Global Flexible Rapport semestriel au 30 septembre 2021
|  | Dénomination | Quantité/ | Evaluation en CHF | en % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Plus- (Moins-) value non- | des |
|  |  |  | réalisée sur Futures/ | actifs |
|  |  |  | Contrats de | nets |
|  |  |  | change à terme/ |  |
|  |  |  | Swaps (note 1) |  |
|  |  |  |  |  |
| USD | XLIT LTD 5.25000% 13-15.12.43 | 200 000.00 | 255 307.62 | 0.07 |
| USD | YPF SA-REG-S 6.95000% 17-21.07.27 | 160 000.00 | 110 076.30 | 0.03 |
| USD | YPF SA-REG-S 7.00000% 17-15.12.47 | 180 000.00 | 110 801.59 | 0.03 |
| Total USD |  |  | 40 252 590.99 | 10.65 |
| Total des Billets, taux fixe |  | 56 786 084.54 | 15.04 |
| Billets, coupon zéro |  |  |  |
| USD |  |  |  |
| USD	ECUADOR, REPUBLIC OF-REG-S 0.00000% 20-31.07.30 | 43 462.00 | 21 082.63 | 0.01 |
| Total USD |  | 21 082.63 | 0.01 |
| Total des Billets, coupon zéro |  | 21 082.63 | 0.01 |
| Billets, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	ABANCA CORP BANCARIA SA-REG-S-SUB VAR 21-PRP | 200 000.00 | 232 172.35 | 0.06 |
| EUR	BARCLAYS PLC-REG-S 0.577%VAR 21-09.08.29 | 825 000.00 | 880 580.46 | 0.23 |
| EUR	BRITISH AMERICAN TOBACCO PLC-REG-S -SUB 3.750%/VAR 21-PRP | 500 000.00 | 537 049.60 | 0.14 |
| EUR	ENI SPA-REG-S-SUB 3.375%/VAR 20-PRP | 110 000.00 | 126 689.64 | 0.04 |
| EUR	RAKUTEN GROUP INC-REG-S-SUB 4.250%VAR 21-PRP | 585 000.00 | 637 358.48 | 0.17 |
| EUR	WINTERSHALL DEA FINANCE 2BV-REG-S-SUB 3.000%/VAR 21-PRP | 1 000 000.00 | 1 070 676.34 | 0.28 |
| Total EUR |  | 3 484 526.87 | 0.92 |
| USD |  |  |  |
| USD	ALLIANZ SE-REG-S-SUB 3.500%/VAR 20-PRP | 200 000.00 | 188 752.86 | 0.05 |
| USD	BK OF AMERICA CORP 3.004%/VAR 18-20.12.23 | 370 000.00 | 355 705.87 | 0.09 |
| USD	DEUTSCHE BANK AG/NEW YORK NY 2.222%/VAR 20-18.09.24 | 150 000.00 | 143 424.47 | 0.04 |
| USD	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.625%/VAR 14-PRP | 150 000.00 | 149 217.29 | 0.04 |
| USD	JPMORGAN CHASE & CO-SUB 2.956%/VAR 20-13.05.31 | 385 000.00 | 373 641.66 | 0.10 |
| USD	LLOYDS BANKING GROUP PLC 3.574%/3M LIBOR+120.5BP 17-07.11.28 | 200 000.00 | 203 070.65 | 0.05 |
| USD	NATWEST GROUP PLC 3.498%/VAR 17-15.05.23 | 200 000.00 | 189 965.33 | 0.05 |
| USD	STANDARD CHARTERED PLC-REG-S 3.885%/VAR 18-15.03.24 | 230 000.00 | 224 056.96 | 0.06 |
| USD	VODAFONE GROUP PLC-SUB 3.250%/VAR 21-04.06.81 | 240 000.00 | 227 242.26 | 0.06 |
| USD	WESTPAC BANKING CORP-SUB 4.110%/VAR 19-24.07.34 | 360 000.00 | 365 165.94 | 0.10 |
| Total USD |  | 2 420 243.29 | 0.64 |
| Total des Billets, taux variable |  | 5 904 770.16 | 1.56 |
| Medium-Term Notes, taux fixe |  |  |  |
| AUD |  |  |  |
| AUD	AURIZON NETWORK PTY LTD-REG-S 4.00000% 17-21.06.24 | 80 000.00 | 57 565.16 | 0.02 |
| AUD	QANTAS AIRWAYS LTD 3.15000% 21-27.09.28 | 300 000.00 | 199 773.91 | 0.05 |
| Total AUD |  | 257 339.07 | 0.07 |
| CAD |  |  |  |
| CAD	NEDERLANDSE WATERSCHAPSBANK NV 5.20000% 05-31.03.25 | 2 000 000.00 | 1 668 136.24 | 0.44 |
| Total CAD |  | 1 668 136.24 | 0.44 |
| EUR |  |  |  |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 2.37500% 19-27.09.27 | 100 000.00 | 118 857.75 | 0.03 |
| EUR	ABN AMRO BANK NV-REG-S 1.25000% 18-10.01.33 | 400 000.00 | 479 955.30 | 0.13 |
| EUR	AEROPORTI DI ROMA SPA-REG-S 1.75000% 21-30.07.31 | 295 000.00 | 330 471.29 | 0.09 |
| EUR	AKELIUS RESIDENTIAL PROPERTY AB-REG-S 1.75000% 17-07.02.25 | 200 000.00 | 227 579.29 | 0.06 |
| EUR	AROUNDTOWN SA-REG-S 2.00000% 18-02.11.26 | 100 000.00 | 116 969.24 | 0.03 |
| EUR	ASTRAZENECA PLC-REG-S 0.37500% 21-03.06.29 | 250 000.00 | 270 157.83 | 0.07 |
| EUR	AUTOSTRADE PER L’ITALIA SPA-REG-S 1.12500% 15-04.11.21 | 100 000.00 | 108 112.65 | 0.03 |
| EUR	BANCO DE SABADELL SA-REG-S-SUB 2.50000% 21-15.04.31 | 800 000.00 | 878 532.05 | 0.23 |
| EUR	BANCO SANTANDER SA-REG-S-SUB 3.25000% 16-04.04.26 | 100 000.00 | 121 433.21 | 0.03 |
| EUR	BANK OF IRELAND GROUP PLC-REG-S 1.37500% 18-29.08.23 | 165 000.00 | 183 352.13 | 0.05 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S-SUB 3.00000% 15-11.09.25 | 400 000.00 | 479 668.15 | 0.13 |
| EUR	BPCE SA-REG-S 1.37500% 18-23.03.26 | 100 000.00 | 113 570.61 | 0.03 |
| EUR	CANAL DE ISABEL II GESTION SA-REG-S 1.68000% 15-26.02.25 | 200 000.00 | 227 860.93 | 0.06 |
| EUR	CELLNEX FINANCE CO SA-REG-S 1.50000% 21-08.06.28 | 900 000.00 | 974 097.80 | 0.26 |
| EUR	CELLNEX FINANCE CO SA-REG-S 2.00000% 21-15.09.32 | 500 000.00 | 529 330.35 | 0.14 |
| EUR	CNH INDUSTRIAL FINANCE EUROPE SA-REG-S 1.87500% 18-19.01.26 | 200 000.00 | 230 470.33 | 0.06 |
| EUR	COMMERZBANK AG-REG-S 0.62500% 19-28.08.24 | 145 000.00 | 159 890.23 | 0.04 |
| EUR	CPI PROPERTY GROUP SA-REG-S 2.75000% 20-12.05.26 | 210 000.00 | 248 693.59 | 0.07 |
| EUR	CREDIT AGRICOLE SA LONDON-REG-S 1.37500% 18-13.03.25 | 100 000.00 | 113 065.29 | 0.03 |
| EUR	CTP BV-REG-S 0.50000% 21-21.06.25 | 375 000.00 | 407 487.66 | 0.11 |
| EUR	DAIMLER AG-REG-S 2.00000% 20-22.08.26 | 205 000.00 | 242 508.57 | 0.06 |
| EUR	DANSKE BANK AS-REG-S 1.37500% 19-24.05.22 | 170 000.00 | 185 858.06 | 0.05 |
| EUR	DANSKE BANK AS-REG-S-SUB 1.50000% 20-02.09.30 | 130 000.00 | 144 056.17 | 0.04 |
| EUR	DEUTSCHE BANK AG-REG-S 1.12500% 18-30.08.23 | 395 000.00 | 437 946.19 | 0.12 |
| EUR	DEUTSCHE LUFTHANSA AG-REG-S 2.00000% 21-14.07.24 | 600 000.00 | 660 550.56 | 0.17 |
| EUR	DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 295 000.00 | 321 608.16 | 0.09 |
| EUR	EDP FINANCE BV-REG-S 1.50000% 17-22.11.27 | 455 000.00 | 527 009.54 | 0.14 |
| EUR	ELECTRICITE DE FRANCE-REG-S 2.00000% 19-09.12.49 | 100 000.00 | 114 331.09 | 0.03 |
| EUR	ELENIA VERKKO OYJ-REG-S 0.37500% 20-06.02.27 | 105 000.00 | 113 898.34 | 0.03 |
| EUR	ELIA TRANSMISSION BELGIUM SA-REG-S 0.87500% 20-28.04.30 | 100 000.00 | 111 218.88 | 0.03 |
| EUR	EUROPEAN FINANCIAL STABILITY FAC-REG-S 1.80000% 17-10.07.48 | 1 185 000.00 | 1 652 461.61 | 0.44 |
| EUR	FORD MOTOR CREDIT CO LLC 3.02100% 19-06.03.24 | 100 000.00 | 112 687.12 | 0.03 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 2.00000% 18-01.11.28 | 320 000.00 | 380 795.24 | 0.10 |
| EUR	HEIDELBERGCEMENT FIN LUX SA-REG-S 1.12500% 19-01.12.27 | 70 000.00 | 79 175.22 | 0.02 |
| EUR	JDE PEET’S NV-REG-S 0.50000% 21-16.01.29 | 150 000.00 | 160 173.51 | 0.04 |
| EUR	KBC GROUP NV-REG-S 1.12500% 19-25.01.24 | 200 000.00 | 223 112.08 | 0.06 |
| EUR	NEW YORK LIFE GLOBAL FUNDING-REG-S 0.25000% 20-23.01.27 | 500 000.00 | 544 887.76 | 0.14 |
| EUR	ORANO SA 4.87500% 09-23.09.24 | 50 000.00 | 60 971.21 | 0.02 |
| EUR	PPF ARENA 1 BV-REG-S 2.12500% 19-31.01.25 | 600 000.00 | 668 234.78 | 0.18 |
| EUR	REDEXIS GAS FINANCE BV-REG-S 1.87500% 15-27.04.27 | 560 000.00 | 648 606.54 | 0.17 |

UBS (Lux) Bond Fund – Global Flexible Rapport semestriel au 30 septembre 2021
|  | Dénomination | Quantité/ | Evaluation en CHF | en % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Plus- (Moins-) value non- | des |
|  |  |  | réalisée sur Futures/ | actifs |
|  |  |  | Contrats de | nets |
|  |  |  | change à terme/ |  |
|  |  |  | Swaps (note 1) |  |
|  |  |  |  |  |
| EUR | REN FINANCE B V-REG-S 2.50000% 15-12.02.25 | 360 000.00 | 422 247.53 | 0.11 |
| EUR | ROMANIA-REG-S 4.62500% 19-03.04.49 | 1 200 000.00 | 1 518 550.30 | 0.40 |
| EUR | RYANAIR DAC-REG-S 0.87500% 21-25.05.26 | 425 000.00 | 466 728.42 | 0.12 |
| EUR | SVENSKA HANDELSBANKEN AB-REG-S 1.00000% 20-15.04.25 | 155 000.00 | 174 515.55 | 0.05 |
| EUR | TOTAL CAPITAL INTERNATIONAL SA-REG-S 1.99400% 20-08.04.32 | 100 000.00 | 123 764.98 | 0.03 |
| EUR | TRATON FINANCE LUXEMBOURG SA-REG-S 1.25000% 21-24.03.33 | 400 000.00 | 435 330.73 | 0.12 |
| EUR | UNION FENOSA FINANCE BV-REG-S 1.25000% 20-15.01.26 | 200 000.00 | 226 962.64 | 0.06 |
| EUR | VODAFONE GROUP PLC-REG-S 2.50000% 19-24.05.39 | 230 000.00 | 287 723.45 | 0.08 |
| EUR | VOLKSWAGEN FINANCIAL SERVICES AG-REG-S 1.50000% 19-01.10.24 | 140 000.00 | 157 870.63 | 0.04 |
| EUR | VONOVIA SE-REG-S 1.62500% 21-01.09.51 | 200 000.00 | 201 621.44 | 0.05 |
| EUR | WESTPAC BANKING CORP-REG-S 0.01000% 21-22.09.28 | 1 225 000.00 | 1 320 155.20 | 0.35 |
| EUR | ZF FINANCE GMBH-REG-S 3.75000% 20-21.09.28 | 600 000.00 | 707 056.73 | 0.19 |
| Total EUR |  |  | 19 752 173.91 | 5.24 |
| GBP |  |  |  |  |
| GBP | AA BOND CO LTD-REG-S 3.25000% 21-31.07.28 | 120 000.00 | 154 155.57 | 0.04 |
| GBP | ANGLIAN WATER SERVICES FINANCING PLC 4.50000% 12-05.10.27 | 100 000.00 | 148 495.60 | 0.04 |
| GBP | BANK OF AMERICA CORP 7.00000% 08-31.07.28 | 250 000.00 | 423 052.50 | 0.11 |
| GBP | BAT INTERNATIONAL FINANCE PLC 6.00000% 09-24.11.34 | 50 000.00 | 79 440.60 | 0.02 |
| GBP | BG ENERGY CAPITAL PLC-REG-S 5.00000% 11-04.11.36 | 100 000.00 | 169 438.43 | 0.04 |
| GBP | CITIGROUP INC 5.15000% 03-21.05.26 | 200 000.00 | 293 953.32 | 0.08 |
| GBP | ELECTRICITE DE FRANCE 5.50000% 11-17.10.41 | 100 000.00 | 180 085.69 | 0.05 |
| GBP | GOLDMAN SACHS GROUP INC-REG-S 4.25000% 14-29.01.26 | 100 000.00 | 140 650.13 | 0.04 |
| GBP | HEATHROW FUNDING LTD 6.75000% 09-03.12.26 | 100 000.00 | 155 819.81 | 0.04 |
| GBP | LLOYDS BANK PLC 6.50000% 10-17.09.40 | 100 000.00 | 209 611.23 | 0.06 |
| GBP | LLOYDS BANK PLC 7.50000% 09-15.04.24 | 100 000.00 | 146 528.37 | 0.04 |
| GBP | LLOYDS BANKING GROUP PLC 2.25000% 17-16.10.24 | 200 000.00 | 259 885.82 | 0.07 |
| GBP | METROPOLITAN LIFE GLOBAL FUNDING-REG-S 3.50000% 12-30.09.26 | 200 000.00 | 280 010.26 | 0.07 |
| GBP | MORGAN STANLEY 2.62500% 17-09.03.27 | 100 000.00 | 132 993.10 | 0.04 |
| GBP | NATIONWIDE BUILDING SOCIETY-REG-S 5.62500% 11-28.01.26 | 200 000.00 | 301 897.63 | 0.08 |
| GBP | PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 4.12500% 17-20.07.22 | 160 000.00 | 206 277.34 | 0.05 |
| GBP | SCENTRE GROUP TRUST 1-REG-S 3.87500% 14-16.07.26 | 150 000.00 | 209 342.06 | 0.06 |
| GBP | VICINITY CENTRES TRUST-REG-S 3.37500% 16-07.04.26 | 150 000.00 | 203 983.80 | 0.05 |
| GBP | WELLS FARGO & CO-REG-S 2.00000% 16-28.07.25 | 200 000.00 | 257 734.98 | 0.07 |
| GBP | YORKSHIRE WATER SERVICES FINANCE PLC 6.37500% 09-19.08.39 | 100 000.00 | 201 022.92 | 0.05 |
| Total GBP |  |  | 4 154 379.16 | 1.10 |
| USD |  |  |  |  |
| USD | BANK OF AMERICA CORP 3.87500% 15-01.08.25 | 750 000.00 | 771 037.04 | 0.20 |
| USD | EGYPT, REPUBLIC OF-REG-S 8.70020% 19-01.03.49 | 350 000.00 | 315 070.09 | 0.08 |
| USD | EXPORT IMPORT BANK OF THAILAND-REG-S 1.45700% 20-15.10.25 | 895 000.00 | 831 911.81 | 0.22 |
| USD | GENERAL ELECTRIC CO 6.75000% 02-15.03.32 | 60 000.00 | 76 561.49 | 0.02 |
| USD | INDIAN RAILWAY FINANCE CORP LTD-REG-S 2.80000% 21-10.02.31 | 775 000.00 | 697 445.53 | 0.18 |
| USD | MEXICO, UNITED STATES OF 4.75000% 12-08.03.44 | 400 000.00 | 396 764.43 | 0.11 |
| USD | MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 850 000.00 | 896 646.66 | 0.24 |
| USD | MORGAN STANLEY 4.00000% 15-23.07.25 | 650 000.00 | 668 019.39 | 0.18 |
| USD | MORGAN STANLEY-SUB 4.35000% 14-08.09.26 | 615 000.00 | 647 543.79 | 0.17 |
| USD | PERTAMINA PERSERO PT-REG-S 4.70000% 19-30.07.49 | 205 000.00 | 205 373.63 | 0.05 |
| USD | QTEL INTERNATIONAL FINANCE LTD-REG-S 2.62500% 21-08.04.31 | 205 000.00 | 195 058.94 | 0.05 |
| USD | REC LTD-REG-S 2.25000% 21-01.09.26 | 920 000.00 | 836 122.78 | 0.22 |
| USD | ROMANIA-REG-S 6.12500% 14-22.01.44 | 720 000.00 | 877 891.14 | 0.23 |
| USD | SAUDI ARABIAN OIL CO-REG-S 3.50000% 19-16.04.29 | 970 000.00 | 971 202.38 | 0.26 |
| USD | SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 4.00000% 18-17.04.25 | 600 000.00 | 612 602.60 | 0.16 |
| USD | SUMITOMO CORP-REG-S 1.55000% 21-06.07.26 | 560 000.00 | 520 000.35 | 0.14 |
| USD | UNITED OVERSEAS BANK LTD-REG-S 1.62500% 19-05.09.22 | 870 000.00 | 822 277.66 | 0.22 |
| Total USD |  |  | 10 341 529.71 | 2.73 |
| Total des Medium-Term Notes, taux fixe |  | 36 173 558.09 | 9.58 |
| Medium-Term Notes, coupon zéro |  |  |  |
| EUR |  |  |  |
| EUR	SIEMENS FINANCIERINGSMAATSCH NV-REG-S 0.00000% 20-20.02.23 | 500 000.00 | 543 390.40 | 0.14 |
| EUR	VOLKSWAGEN LEASING GMBH-REG-S 0.00000% 21-19.07.24 | 660 000.00 | 712 942.69 | 0.19 |
| Total EUR |  | 1 256 333.09 | 0.33 |
| Total des Medium-Term Notes, coupon zéro |  | 1 256 333.09 | 0.33 |
| Medium-Term Notes, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	AXA SA-REG-S-SUB 3.250%/VAR 18-28.05.49 | 120 000.00 | 148 400.96 | 0.04 |
| EUR	BARCLAYS PLC-REG-S 3.375%/VAR 20-02.04.25 | 460 000.00 | 538 109.87 | 0.14 |
| EUR	COMMONWEALTH BK OF AUSTRLIA-REG-S-SUB 1.936%/VAR 17-03.10.29 | 120 000.00 | 135 841.82 | 0.04 |
| EUR	CREDIT AGRICOLE SA-REG-S 1.000%/VAR 20-22.04.26 | 400 000.00 | 445 614.40 | 0.12 |
| EUR	CREDIT SUISSE GROUP AG-REG-S 3.250%/VAR 20-02.04.26 | 100 000.00 | 119 062.30 | 0.03 |
| EUR	DEUTSCHE BANK AG-REG-S 1.000%/VAR 20-19.11.25 | 300 000.00 | 331 295.00 | 0.09 |
| EUR	DEUTSCHE BANK AG-REG-S 1.750%/VAR 20-19.11.30 | 200 000.00 | 227 533.88 | 0.06 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 100 000.00 | 113 595.04 | 0.03 |
| EUR	LLOYDS BANKING GROUP PLC-REG-S 3.500%/VAR 20-01.04.26 | 150 000.00 | 181 402.22 | 0.05 |
| EUR	NATWEST GROUP PLC-REG-S 2.000%/VAR 17-08.03.23 | 300 000.00 | 327 451.60 | 0.09 |
| EUR	NATWEST GROUP PLC-REG-S 2.000%/VAR 18-04.03.25 | 200 000.00 | 226 512.44 | 0.06 |
| EUR	NATWEST GROUP PLC-REG-S-SUB 1.043%/VAR 21-14.09.32 | 370 000.00 | 398 443.15 | 0.10 |
| EUR	TOTAL SE-REG-S-SUB 2.625%/VAR 15-PRP | 100 000.00 | 113 873.55 | 0.03 |
| EUR	TOTAL SE-REG-S-SUB 2.125%/VAR 21-PRP | 450 000.00 | 475 554.68 | 0.12 |
| Total EUR |  | 3 782 690.91 | 1.00 |
| GBP |  |  |  |
| GBP	ELECTRICITE DE FRANCE SA-REG-S-SUB 6.000%/VAR 13-PRP | 100 000.00 | 138 825.56 | 0.04 |
| GBP	HEATHROW FUNDING LTD-REG-S 6.450%/6M LIBOR+400BP 08-10.12.31 | 100 000.00 | 169 097.56 | 0.04 |
| Total GBP |  | 307 923.12 | 0.08 |

UBS (Lux) Bond Fund – Global Flexible Rapport semestriel au 30 septembre 2021
|  | Dénomination | Quantité/ | Evaluation en CHF | en % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Plus- (Moins-) value non- | des |
|  |  |  | réalisée sur Futures/ | actifs |
|  |  |  | Contrats de | nets |
|  |  |  | change à terme/ |  |
|  |  |  | Swaps (note 1) |  |
| USD |  |  |  |  |
| USD | BANK OF AMERICA CORP 2.816%/VAR 17-21.07.23 | 1 000 000.00 | 950 584.14 | 0.25 |
| USD | MORGAN STANLEY 3.622%/VAR 20-01.04.31 | 590 000.00 | 606 611.86 | 0.16 |
| Total USD |  |  | 1 557 196.00 | 0.41 |
| Total des Medium-Term Notes, taux variable |  | 5 647 810.03 | 1.49 |
| Obligations, taux fixe |  |  |  |
| AUD |  |  |  |
| AUD	AUSTRALIA-REG-S 3.25000% 12-21.04.29 | 2 500 000.00 | 1 933 275.85 | 0.51 |
| Total AUD |  | 1 933 275.85 | 0.51 |
| CAD |  |  |  |
| CAD	CANADA, GOVERNMENT 1.25000% 19-01.06.30 | 3 330 000.00 | 2 421 162.71 | 0.64 |
| CAD	CANADA, GOVERNMENT 4.00000% 08-01.06.41 | 313 000.00 | 311 445.99 | 0.09 |
| CAD	INTER-AMERICAN DEVELOPMENT BANK 4.40000% 06-26.01.26 | 2 000 000.00 | 1 665 299.80 | 0.44 |
| CAD	KREDITANSTALT FUER WIEDERAUFBAU 5.05000% 05-04.02.25 | 1 000 000.00 | 832 868.60 | 0.22 |
| Total CAD |  | 5 230 777.10 | 1.39 |
| CNY |  |  |  |
| CNY	CHINA DEVELOPMENT BANK CORP 3.80000% 16-25.01.36 | 40 000 000.00 | 6 004 245.53 | 1.59 |
| Total CNY |  | 6 004 245.53 | 1.59 |
| EUR |  |  |  |
| EUR	ABBOTT IRELAND FINCING DAC-REG-S 0.87500% 18-27.09.23 | 155 000.00 | 171 445.59 | 0.05 |
| EUR	ADLER REAL ESTATE AG-REG-S 3.00000% 18-27.04.26 | 300 000.00 | 283 471.37 | 0.08 |
| EUR	ADO PROPERTIES SA-REG-S 1.50000% 17-26.07.24 | 100 000.00 | 94 868.85 | 0.03 |
| EUR	ALSTRIA OFFICE REIT-AG-REG-S 1.50000% 20-23.06.26 | 200 000.00 | 225 229.79 | 0.06 |
| EUR	AROUNDTOWN SA-REG-S 0.37500% 19-23.09.22 | 100 000.00 | 108 601.97 | 0.03 |
| EUR	AUTOSTRADE PER L’ITALIA SPA REG-S 2.00000% 21-15.01.30 | 750 000.00 | 850 170.86 | 0.23 |
| EUR	BPCE SA-REG-S 0.25000% 20-15.01.26 | 300 000.00 | 327 004.01 | 0.09 |
| EUR	CELANESE US HOLDINGS LLC 0.62500% 21-10.09.28 | 340 000.00 | 365 413.53 | 0.10 |
| EUR	CHUBB INA HOLDINGS INC 2.50000% 18-15.03.38 | 205 000.00 | 264 891.52 | 0.07 |
| EUR	FINNAIR OYJ-REG-S 4.25000% 21-19.05.25 | 390 000.00 | 435 869.67 | 0.12 |
| EUR	FRANCE, REPUBLIC OF-OAT-144A-REG-S 1.50000% 19-25.05.50 | 830 000.00 | 1 038 661.68 | 0.27 |
| EUR	INEOS QUATTRO FINANCE 2 PLC-REG-S 2.50000% 21-15.01.26 | 250 000.00 | 272 639.03 | 0.07 |
| EUR	INTRUM JUSTITIA AB-REG-S 3.12500% 17-15.07.24 | 435 000.00 | 472 665.00 | 0.12 |
| EUR	ITALY, REPUBLIC OF-BTP 5.00000% 03-01.08.34 | 630 000.00 | 996 076.62 | 0.26 |
| EUR	ITALY, REPUBLIC OF-BTP 4.00000% 05-01.02.37 | 598 000.00 | 886 693.48 | 0.23 |
| EUR	ITALY, REPUBLIC OF-BTP-144A-REG-S 3.250% 14-01.09.46 | 3 210 000.00 | 4 560 820.83 | 1.21 |
| EUR	MATTERHORN TELECOM SA-REG-S 3.12500% 19-15.09.26 | 100 000.00 | 108 112.65 | 0.03 |
| EUR	MPT OPERATING PARTNERSHIP LP/FIN CORP 3.32500% 17-24.03.25 | 235 000.00 | 275 869.07 | 0.07 |
| EUR	PORTUGAL, REPUBLIC OF-144A-REG-S 2.87500% 15-15.10.25 | 2 360 000.00 | 2 901 966.72 | 0.77 |
| EUR	PORTUGAL, REPUBLIC OF-144A-REG-S 1.95000% 19-15.06.29 | 500 000.00 | 621 453.14 | 0.16 |
| EUR	RESA SA/BELGIUM-REG-S 1.00000% 16-22.07.26 | 100 000.00 | 112 274.07 | 0.03 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 1.50000% 15-25.03.35 | 3 750 000.00 | 4 577 576.12 | 1.21 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 3.12500% 15-07.08.45 | 1 250 000.00 | 2 027 433.84 | 0.54 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 5.15000% 13-31.10.44 | 1 310 000.00 | 2 582 153.90 | 0.68 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 3.45000% 16-30.07.66 | 600 000.00 | 994 669.26 | 0.26 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 1.40000% 18-30.07.28 | 2 360 000.00 | 2 792 622.42 | 0.74 |
| EUR	STANDARD PROFIL AUTOMOTIVE GMBH-REG-S 6.25000% 21-30.04.26 | 830 000.00 | 818 369.52 | 0.22 |
| EUR	TAURON POLSKA ENERGIA SA-REG-S 2.37500% 17-05.07.27 | 300 000.00 | 339 906.17 | 0.09 |
| EUR	TEVA PHARMACEUTICAL FINANCE II BV-REG-S 1.12500% 16-15.10.24 | 200 000.00 | 206 265.43 | 0.05 |
| EUR	UMG GROUPE VYV 1.62500% 19-02.07.29 | 100 000.00 | 115 386.90 | 0.03 |
| EUR	UNITED GROUP BV-REG-S 3.12500% 20-15.02.26 | 435 000.00 | 454 770.46 | 0.12 |
| EUR	UPC HOLDING BV-REG-S 3.87500% 17-15.06.29 | 250 000.00 | 277 422.47 | 0.07 |
| EUR	UTAH ACQUISITION SUB INC-REG-S 3.12500% 16-22.11.28 | 105 000.00 | 131 144.50 | 0.03 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 1.12500% 17-02.10.23 | 200 000.00 | 221 600.67 | 0.06 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 4.12500% 18-16.11.38 | 100 000.00 | 149 048.42 | 0.04 |
| Total EUR |  | 31 062 569.53 | 8.22 |
| GBP |  |  |  |
| GBP	ALLIANZ FINANCE II BV 4.50000% 13-13.03.43 | 100 000.00 | 185 245.64 | 0.05 |
| GBP	BELLIS ACQUISITION CO PLC-REG-S 3.25000% 21-16.02.26 | 415 000.00 | 512 704.24 | 0.14 |
| GBP	BERKELEY GROUP PLC/THE-REG-S 2.50000% 21-11.08.31 | 305 000.00 | 371 883.96 | 0.10 |
| GBP	BUPA FINANCE PLC-REG-S-SUB 5.00000% 13-25.04.23 | 140 000.00 | 187 176.81 | 0.05 |
| GBP	CANARY WHARF FINANCE II PLC 6.45500% 00-22.07.30 | 400 000.00 | 103 245.51 | 0.03 |
| GBP	COMCAST CORP 5.50000% 10-23.11.29 | 100 000.00 | 161 461.58 | 0.04 |
| GBP	FRIENDS LIFE HOLDINGS PLC-REG-S-SUB 8.25000% 11-21.04.22 | 100 000.00 | 131 033.19 | 0.03 |
| GBP	HSBC HOLDINGS PLC-SUB 6.75000% 08-11.09.28 | 200 000.00 | 320 210.32 | 0.08 |
| GBP	PREMIER FOODS FINANCE PLC-REG-S 3.50000% 21-15.10.26 | 560 000.00 | 708 780.61 | 0.19 |
| GBP	ROTHESAY LIFE PLC-REG-S-SUB 3.37500% 19-12.07.26 | 315 000.00 | 422 142.32 | 0.11 |
| GBP	SCOTTISH WIDOWS PLC-REG-S-SUB 5.50000% 13-16.06.23 | 140 000.00 | 188 771.51 | 0.05 |
| GBP	SOUTHERN ELECTRIC POWER DISTRIBUTION 5.50000% 01-07.06.32 | 200 000.00 | 332 534.33 | 0.09 |
| GBP	UNITED KINGDOM OF GREAT BRITAIN-REG-S 0.87500% 19-22.10.29 | 2 500 000.00 | 3 145 935.78 | 0.83 |
| GBP	VERY GROUP FUNDING PLC/THE-REG-S 6.50000% 21-01.08.26 | 800 000.00 | 1 019 941.65 | 0.27 |
| GBP	WELLS FARGO & CO?4.62500% 06-03.11.35 | 200 000.00 | 321 536.05 | 0.09 |
| GBP	YORKSHIRE ELECTRICITY DISTRIBUTION PLC 5.12500% 05-04.05.35 | 100 000.00 | 166 507.87 | 0.04 |
| Total GBP |  | 8 279 111.37 | 2.19 |
| JPY |  |  |  |
| JPY	JAPAN 0.30000% 16-20.06.46 | 240 000 000.00 | 1 886 545.01 | 0.50 |
| JPY	JAPAN 0.40000% 16-20.03.56 | 120 000 000.00 | 906 501.95 | 0.24 |
| JPY	JAPAN 0.40000% 20-20.09.40 | 250 000 000.00 | 2 080 801.04 | 0.55 |
| JPY	JAPAN 1.20000% 15-20.09.35 | 148 150 000.00 | 1 403 532.52 | 0.37 |
| JPY	JAPAN 1.50000% 15-20.03.45 | 30 000 000.00 | 304 021.73 | 0.08 |
| Total JPY |  | 6 581 402.25 | 1.74 |
| MXN |  |  |  |
| MXN	MEXICO, UNITED MEXICAN STATES 7.75000% 11-29.05.31 | 570 000.00 | 2 653 646.76 | 0.70 |
| MXN	MEXICO, UNITED MEXICAN STATES 7.75000% 11-13.11.42 | 1 590 600.00 | 7 132 015.12 | 1.89 |
| Total MXN |  | 9 785 661.88 | 2.59 |

UBS (Lux) Bond Fund – Global Flexible Rapport semestriel au 30 septembre 2021
|  | Dénomination | Quantité/ | Evaluation en CHF | en % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Plus- (Moins-) value non- | des |
|  |  |  | réalisée sur Futures/ | actifs |
|  |  |  | Contrats de | nets |
|  |  |  | change à terme/ |  |
|  |  |  | Swaps (note 1) |  |
| USD |  |  |  |  |
| USD | BALTIMORE GAS & ELECTRIC CO 3.50000% 16-15.08.46 | 70 000.00 | 70 822.60 | 0.02 |
| USD | BRAZIL, FEDERATIVE REPUBLIC OF 7.12500% 06-20.01.37 | 800 000.00 | 896 375.57 | 0.24 |
| USD | CITIGROUP INC 3.87500% 13-25.10.23 | 590 000.00 | 588 766.15 | 0.16 |
| USD | CNAC HK FINBRIDGE CO LTD-REG-S 3.50000% 17-19.07.22 | 355 000.00 | 337 278.31 | 0.09 |
| USD | CNAC HK FINBRIDGE CO LTD-REG-S 4.62500% 18-14.03.23 | 255 000.00 | 249 102.16 | 0.07 |
| USD | COLOMBIA, REPUBLIC OF 6.12500% 09-18.01.41 | 600 000.00 | 615 611.03 | 0.16 |
| USD | CONSUMERS ENERGY COMPANY 3.25000% 16-15.08.46 | 40 000.00 | 39 113.16 | 0.01 |
| USD | COUNTRY GARDEN HOLDINGS CO LTD-REG-S 2.70000% 21-12.07.26 | 210 000.00 | 181 206.11 | 0.05 |
| USD | GAZ CAPITAL SA/GAZPROM-REG-S LPN 7.28800% 07-16.08.37 | 400 000.00 | 516 985.47 | 0.14 |
| USD | GOLDMAN SACHS GROUP INC-SUB 5.15000% 15-22.05.45 | 260 000.00 | 318 036.43 | 0.08 |
| USD | HCA INC 5.37500% 15-01.02.25 | 400 000.00 | 416 983.95 | 0.11 |
| USD | KAZAKHSTAN, REPUBLIC OF-REG-S 4.87500% 14-14-10.44 | 700 000.00 | 800 245.37 | 0.21 |
| USD | MALAYSIA WAKALA SUKUK BHD-REG-S 3.07500% 21-28.04.51 | 285 000.00 | 269 816.95 | 0.07 |
| USD | MEXICO CITY AIRPORT TRUST-REG-S 5.50000% 17-31.07.47 | 370 000.00 | 350 763.26 | 0.09 |
| USD | NETFLIX INC 4.37500% 16-15.11.26 | 400 000.00 | 416 983.95 | 0.11 |
| USD | PACIFIC GAS & ELECTRIC CO 2.10000% 20-01.08.27 | 125 000.00 | 113 797.04 | 0.03 |
| USD | PACIFIC GAS & ELECTRIC CO 2.50000% 20-01.02.31 | 135 000.00 | 119 861.79 | 0.03 |
| USD | PACIFIC GAS AND ELECTRIC CO 3.00000% 21-15.06.28 | 195 000.00 | 185 108.50 | 0.05 |
| USD | PACIFICORP 2.70000% 20-15.09.30 | 55 000.00 | 53 402.23 | 0.01 |
| USD | PACIFICORP 6.00000% 09-15.01.39 | 150 000.00 | 195 053.64 | 0.05 |
| USD | PERU, REPUBLIC OF 2.78300% 20-23.01.31 | 640 000.00 | 591 725.41 | 0.16 |
| USD | PERU, REPUBLIC OF 8.75000% 03-21.11.33 | 164 000.00 | 235 772.71 | 0.06 |
| USD | REYNOLDS AMERICAN INC 4.45000% 15-12.06.25 | 200 000.00 | 205 678.65 | 0.06 |
| USD | SOUTHERN CALIFORNIA EDISON CO 4.00000% 17-01.04.47 | 85 000.00 | 85 028.72 | 0.02 |
| USD | SOUTHERN CALIFORNIA EDISON CO 3.70000% 18-01.08.25 | 150 000.00 | 152 140.44 | 0.04 |
| USD | SOUTHERN CALIFORNIA EDISON CO 2.85000% 19-01.08.29 | 75 000.00 | 72 591.19 | 0.02 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 6.50000% 20-10.01.25 | 200 000.00 | 148 789.58 | 0.04 |
| Total USD |  |  | 8 227 040.37 | 2.18 |
| ZAR |  |  |  |  |
| ZAR | SOUTH AFRICA, REPUBLIC OF 8.75000% 12-28.02.48 | 100 000 000.00 | 5 103 296.52 | 1.35 |
| Total ZAR |  |  | 5 103 296.52 | 1.35 |
| Total des Obligations, taux fixe |  | 82 207 380.40 | 21.76 |
| Obligations, coupon zéro |  |  |  |
| EUR |  |  |  |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 19-25.11.29 | 4 925 000.00 | 5 346 005.98 | 1.42 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 21-15.02.31 | 1 450 000.00 | 1 602 742.15 | 0.42 |
| Total EUR |  | 6 948 748.13 | 1.84 |
| Total des Obligations, coupon zéro |  | 6 948 748.13 | 1.84 |
| Obligations, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	BP CAPITAL MARKETS PLC-REG-S 3.250%/VAR 20-PRP | 145 000.00 | 167 288.44 | 0.04 |
| EUR	BP CAPITAL MARKETS PLC-REG-S-SUB 3.625%/VAR 20-PRP | 115 000.00 | 134 586.74 | 0.04 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 4.000%/VAR 18-PRP | 100 000.00 | 115 367.01 | 0.03 |
| EUR	HOLCIM FINANCE LUXEMBOURG SA-REG-S-SUB 3.000%/VAR 19-PRP | 115 000.00 | 129 995.99 | 0.03 |
| EUR	SES SA-REG-S-SUB 2.875%/VAR 21-PRP | 1 200 000.00 | 1 321 319.09 | 0.35 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.125%/VAR 18-PRP | 100 000.00 | 107 846.70 | 0.03 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.875%/VAR 18-PRP | 100 000.00 | 110 122.47 | 0.03 |
| EUR	VONOVIA FINANCE BV-REG-S-SUB 4.000%/VAR 14-PRP | 100 000.00 | 108 910.52 | 0.03 |
| Total EUR |  | 2 195 436.96 | 0.58 |
| GBP |  |  |  |
| GBP	BARCLAYS PLC-REG-S-SUB 7.250%/VAR 17-PRP | 200 000.00 | 267 757.19 | 0.07 |
| GBP	M&G PLC-REG-S-SUB 5.625%/VAR 18-20.10.51 | 130 000.00 | 192 920.00 | 0.05 |
| GBP	SANTANDER UK GROUP HOLD PLC-REG-S-SUB 6.750%/VAR 17-PRP | 200 000.00 | 276 088.92 | 0.08 |
| Total GBP |  | 736 766.11 | 0.20 |
| NZD |  |  |  |
| NZD	NEW ZEALAND 2.000%/CPI LINKED 12-20.09.25 | 2 000 000.00 | 1 590 334.35 | 0.42 |
| NZD	NEW ZEALAND-REG-S 2.500%/CPI LINKED 14-20.09.35 | 12 090 000.00 | 10 955 661.89 | 2.90 |
| Total NZD |  | 12 545 996.24 | 3.32 |
| USD |  |  |  |
| USD	BP CAPITAL MARKETS PLC-SUB 4.875%/VAR 20-PRP | 145 000.00 | 148 689.49 | 0.04 |
| USD	QBE INSURANCE GROUP LTD-REG-S-SUB 6.750%/VAR 14-02.12.44 | 360 000.00 | 381 578.93 | 0.10 |
| USD	RAKUTEN GROUP INC-REG-S-SUB 6.250%/VAR 21-PRP | 740 000.00 | 730 001.77 | 0.19 |
| USD	SCOR SE-REG-S-SUB 5.250%/VAR 18-PRP | 200 000.00 | 197 997.41 | 0.05 |
| USD	WESTPAC BANKING CORP-SUB 5.000%/VAR 17-PRP | 105 000.00 | 104 602.50 | 0.03 |
| Total USD |  | 1 562 870.10 | 0.41 |
| Total des Obligations, taux variable |  | 17 041 069.41 | 4.51 |
| Bons du Trésor à moyen terme, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 2.25000% 16-15.08.46 | 205 000.00 | 197 501.66 | 0.05 |
| USD	AMERICA, UNITED STATES OF 3.00000% 17-15.05.47 | 9 800 000.00 | 10 844 971.55 | 2.87 |
| USD	AMERICA, UNITED STATES OF 2.87500% 19-15.05.49 | 4 060 000.00 | 4 430 632.29 | 1.17 |
| USD	AMERICA, UNITED STATES OF 1.37500% 20-15.11.40 | 1 200 000.00 | 1 005 554.00 | 0.27 |
| USD	AMERICA, UNITED STATES OF 1.87500% 17-31.03.22 | 4 000 000.00 | 3 764 924.32 | 1.00 |
| USD	AMERICA, UNITED STATES OF 1.62500% 19-30.11.26 | 11 275 000.00 | 10 839 993.95 | 2.87 |
| USD	AMERICA, UNITED STATES OF 0.50000% 20-30.06.27 | 2 200 000.00 | 1 981 081.88 | 0.52 |
| USD	AMERICA, UNITED STATES OF 0.25000% 20-30.09.25 | 5 250 000.00 | 4 792 434.90 | 1.27 |
| USD	AMERICA, UNITED STATES OF 0.87500% 20-15.11.30 | 4 360 000.00 | 3 859 733.94 | 1.02 |
| Total USD |  | 41 716 828.49 | 11.04 |
| Total des Bons du Trésor à moyen terme, taux fixe |  | 41 716 828.49 | 11.04 |

UBS (Lux) Bond Fund – Global Flexible Rapport semestriel au 30 septembre 2021
| Dénomination	Quantité/ | Evaluation en CHF | en % |
| --- | --- | --- |
| Nominal | Plus- (Moins-) value non- | des |
|  | réalisée sur Futures/ | actifs |
|  | Contrats de | nets |
|  | change à terme/ |  |
|  | Swaps (note 1) |  |

Bons du Trésor à moyen terme, taux variable
| BRL |  |
| --- | --- |
| BRL | BRAZIL, FEDERATIVE REPUBLIC OF 6.000%/IPCA LINKD 10-15.08.50 | 600.00 | 428 724.21 | 0.11 |
| Total BRL |  |  | 428 724.21 | 0.11 |
| Total des Bons du Trésor à moyen terme, taux variable |  | 428 724.21 | 0.11 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 254 132 389.18 | 67.27 |
| Titres et instruments du marché monétaire négociés sur un autre marché réglementé Titres adossés à des actifs, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AMERICAN CREDIT ACCEPTANCE RECEIVA-144A 3.57000% 17-10.01.24 | 345 000.00 | 78 261.32 | 0.02 |
| USD	AMERICREDIT AUTOMOBILE RECEIVABLES TRST 3.42000% 17-18.04.23 | 400 000.00 | 375 570.71 | 0.10 |
| USD	COLT MERGER SUB INC-144A 3.60000% 18-25.02.48 | 1 000 000.00 | 563 330.34 | 0.15 |
| USD	CPS AUTO RECEIVABLES-144A 3.66000% 18-15.12.23 | 200 000.00 | 117 459.23 | 0.03 |
| USD	CPS AUTO RECEIVABLES-144A 3.83000% 20-15.09.23 | 550 000.00 | 63 243.55 | 0.02 |
| USD	CPS AUTO TRUST-144A 4.40000% 18-17.06.24 | 515 000.00 | 488 541.28 | 0.13 |
| USD	DRIVE AUTO RECEIVABLES TRUST 3.84000% 17-15.03.23 | 510 000.00 | 6 391.21 | 0.00 |
| USD	DRIVE AUTO RECEIVABLES TRUST 3.81000% 18-15.05.24 | 1 600 000.00 | 383 809.76 | 0.10 |
| USD	DRIVE AUTO RECEIVABLES TRUST 4.30000% 18-16.09.24 | 625 000.00 | 371 475.26 | 0.10 |
| USD	DRIVE AUTO RECEIVABLES TRUST 4.09000% 18-15.01.26 | 225 000.00 | 180 984.66 | 0.05 |
| USD	DT AUTO OWNER TRUST-144A 3.81000% 18-15.12.23 | 500 000.00 | 95 130.50 | 0.03 |
| USD	DT AUTO OWNER TRUST-144A 4.15000% 18-15.03.24 | 445 000.00 | 238 196.53 | 0.06 |
| USD	EXETER AUTOMOBILE RECEIVABLE TRUST-144A 3.97000% 18-15.09.23 | 200 000.00 | 3 575.53 | 0.00 |
| USD	GLS AUTO RECEIVABLES TRUST-144A 4.17000% 18-15.04.24 | 450 000.00 | 378 822.82 | 0.10 |
| USD	ONEMAIN DIRECT AUTO REC TRUST-144A 3.85000% 18-14.10.25 | 225 000.00 | 211 323.31 | 0.06 |
| USD	ONEMAIN DIRECT AUTO REC TRUST-144A 4.40000% 18-14.01.28 | 425 000.00 | 398 613.24 | 0.11 |
| USD	PSNH FUNDING LLC 3.81400% 18-01.02.35 | 225 000.00 | 240 748.85 | 0.06 |
| USD	SANTANDER DRIVE AUTO RECEIVABLES TRUST 3.32000% 18-15.03.24 | 500 000.00 | 289 683.35 | 0.08 |
| USD	SOFI CONSUMER LOAN PROGRAM-144A 3.79000% 18-26.04.27 | 326 000.00 | 82 935.04 | 0.02 |
| USD	SOFI CONSUMER LOAN PROGRAM-144A 3.52000% 17-25.11.26 | 650 000.00 | 274 087.41 | 0.07 |
| USD	SOFI CONSUMER LOAN PROGRAM TRUST-144A 3.65000% 18-25.02.27 | 125 000.00 | 52 346.10 | 0.01 |
| USD	SOFI CONSUMER LOAN PROGRAM-144A 4.02000% 18-25.08.27 | 710 000.00 | 314 121.61 | 0.08 |
| USD	SOFI PROFESSIONAL LOAN PROGRAM-144A 2.49000% 16-25.01.36 | 375 000.00 | 35 995.14 | 0.01 |
| USD	SOFI PROFESSIONAL LOAN PROG-144A 3.61000% 17-25.09.40 | 125 000.00 | 121 859.27 | 0.03 |
| USD	SOFI PROFESSIONAL LOAN PROGRAM-144A 3.34000% 18-25.08.47 | 750 000.00 | 381 612.31 | 0.10 |
| Total USD |  | 5 748 118.33 | 1.52 |
| Total des Titres adossés à des actifs, taux fixe |  | 5 748 118.33 | 1.52 |
| Titres adossés à des actifs, taux variable |  |  |  |
| USD |  |  |  |
| USD	SOFI CONSUMER LOAN PROGRAM-144A 3.590%/VAR 17-26.05.26 | 175 000.00 | 66 025.27 | 0.02 |
| USD	SOFI PROFESSIONA LOAN PROGRAM LLC-144A VAR 17-26.03.40 | 775 000.00 | 754 079.74 | 0.20 |
| USD	SOFI PROFESSIONAL LOAN PROGRAM-144A VAR 17-25.07.40 | 100 000.00 | 96 337.12 | 0.02 |
| Total USD |  | 916 442.13 | 0.24 |
| Total des Titres adossés à des actifs, taux variable |  | 916 442.13 | 0.24 |
| Titres adossés à des hypothèques, taux fixe |  |  |  |
| USD |  |  |  |
| USD	BENCHMARK MORTGAGE TRUST-SUB 4.26100% 18-01.10.51 | 260 000.00 | 278 725.12 | 0.07 |
| USD	BENCHMARK MORTGAGE TRUST 4.44100% 18-01.10.51 | 350 000.00 | 373 457.73 | 0.10 |
| USD	BENCHMARK MORTGAGE TRUST-SUB 3.97900% 19-01.03.62 | 700 000.00 | 729 900.12 | 0.19 |
| USD	BWAY 2013-1515 MORTGAGE TRUST-144A 3.45430% 13-10.03.33 | 720 000.00 | 716 564.56 | 0.19 |
| USD	CITIGROUP COMM MRTGE TRT 2015-P1-SUB 3.71700% 15-01.09.48 | 170 000.00 | 173 081.17 | 0.05 |
| USD	CITIGROUP COMMERCIAL MORTGAGE TRUST 3.96300% 18-01.06.51 | 300 000.00 | 280 897.97 | 0.07 |
| USD	COMM 2015-PC1 MORTGAGE TRUST 3.62000% 15-01.07.50 | 150 000.00 | 111 764.84 | 0.03 |
| USD	CSAIL 2015-C4 COMMERCIAL MORT TRUST-SUB 3.80790% 15-01.11.48 | 600 000.00 | 612 089.01 | 0.16 |
| USD	FANNIE MAE 1.50000% 21-01.02.51 | 325 000.00 | 284 457.48 | 0.08 |
| USD	FANNIE MAE 2.00000% 20-01.09.50 | 725 000.00 | 574 720.46 | 0.15 |
| USD	FANNIE MAE 2.00000% 20-01.01.51 | 300 000.00 | 262 663.30 | 0.07 |
| USD	FANNIE MAE 2.00000% 21-01.02.51 | 1 225 000.00 | 1 095 475.13 | 0.29 |
| USD	FANNIE MAE 2.50000% 21-01.08.51 | 650 000.00 | 622 418.28 | 0.16 |
| USD	FANNIE MAE 3.00000% 20-01.06.50 | 1 375 000.00 | 741 113.84 | 0.20 |
| USD	FANNIE MAE 3.50000% 16-01.08.46 | 200 000.00 | 75 432.10 | 0.02 |
| USD	FANNIE MAE 3.50000% 15-01.04.45 | 75 000.00 | 35 443.65 | 0.01 |
| USD	FANNIE MAE 3.50000% 16-01.01.46 | 75 000.00 | 32 101.39 | 0.01 |
| USD	FANNIE MAE 3.50000% 16-01.12.46 | 275 000.00 | 171 072.58 | 0.05 |
| USD	FANNIE MAE 3.50000% 18-01.03.48 | 225 000.00 | 66 937.28 | 0.02 |
| USD	FANNIE MAE 3.50000% 17-01.11.47 | 500 000.00 | 129 823.57 | 0.03 |
| USD	FANNIE MAE 4.00000% 16-01.02.46 | 250 000.00 | 45 611.03 | 0.01 |
| USD	FANNIE MAE 4.00000% 14-01.07.44 | 520 000.00 | 110 868.26 | 0.03 |
| USD	FANNIE MAE 4.00000% 17-01.06.47 | 1 050 000.00 | 396 952.76 | 0.11 |
| USD	FANNIE MAE 4.00000% 17-01.07.47 | 350 000.00 | 91 185.05 | 0.02 |
| USD	FANNIE MAE 4.00000% 17-01.07.47 | 130 000.00 | 65 541.23 | 0.02 |
| USD	FANNIE MAE 4.00000% 18-01.06.48 | 900 000.00 | 290 629.36 | 0.08 |
| USD	FANNIE MAE 4.00000% 14-01.11.44 | 125 000.00 | 44 350.84 | 0.01 |
| USD	FANNIE MAE 4.00000% 18-01.06.48 | 25 000.00 | 4 470.92 | 0.00 |
| USD	FANNIE MAE 4.50000% 15-01.11.45 | 25 000.00 | 9 651.81 | 0.00 |
| USD	FANNIE MAE 4.50000% 19-01.09.49 | 1 000 000.00 | 127 865.89 | 0.03 |
| USD	FANNIE MAE 4.50000% 16-01.07.44 | 150 000.00 | 36 638.20 | 0.01 |
| USD	FANNIE MAE 5.00000% 11-01.01.41 | 148 000.00 | 13 232.27 | 0.00 |
| USD	FANNIE MAE 5.00000% 04-01.03.34 | 705 000.00 | 13 847.75 | 0.00 |
| USD	FANNIE MAE 5.00000% 08-01.07.35 | 322 000.00 | 10 305.66 | 0.00 |
| USD	FANNIE MAE 5.50000% 08-01.04.34 | 891 436.00 | 11 916.49 | 0.00 |
| USD	FANNIE MAE POOL 2.00000% 21-01.10.51 | 1 825 000.00 | 1 707 709.58 | 0.45 |

UBS (Lux) Bond Fund – Global Flexible Rapport semestriel au 30 septembre 2021
|  | Dénomination | Quantité/ | Evaluation en CHF | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Plus- (Moins-) value non- | des |
|  |  | réalisée sur Futures/ | actifs |
|  |  | Contrats de | nets |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
|  |  |  |  |  |
| USD | FANNIE MAE POOL 2.50000% 21-01.10.51 | 1 800 000.00 | 1 732 398.43 | 0.46 |
| USD | FREDDIE MAC 2.50000% 20-01.10.50 | 375 000.00 | 323 106.05 | 0.09 |
| USD | FREDDIE MAC 3.00000% 16-01.06.46 | 175 000.00 | 49 297.40 | 0.01 |
| USD | FREDDIE MAC 3.00000% 16-01.09.46 | 725 000.00 | 214 568.73 | 0.06 |
| USD | FREDDIE MAC 3.00000% 16-01.10.46 | 275 000.00 | 127 025.10 | 0.03 |
| USD | FREDDIE MAC 3.50000% 16-01.04.46 | 2 575 000.00 | 555 741.12 | 0.15 |
| USD | FREDDIE MAC 3.50000% 16-01.08.46 | 1 925 000.00 | 459 629.47 | 0.12 |
| USD | FREDDIE MAC 3.50000% 19-01.07.47 | 750 000.00 | 435 904.58 | 0.12 |
| USD | FREDDIE MAC 3.50000% 15-01.06.45 | 100 000.00 | 45 908.58 | 0.01 |
| USD | FREDDIE MAC 4.00000% 18-01.05.48 | 175 000.00 | 30 922.97 | 0.01 |
| USD | FREDDIE MAC 4.00000% 14-01.08.44 | 330 250.00 | 44 656.37 | 0.01 |
| USD | FREDDIE MAC 4.00000% 17-01.08.47 | 175 000.00 | 47 738.06 | 0.01 |
| USD | FREDDIE MAC 4.00000% 17-01.11.47 | 200 000.00 | 56 639.90 | 0.01 |
| USD | FREDDIE MAC 5.50000% 14-01.06.41 | 225 000.00 | 35 709.98 | 0.01 |
| USD | FREDDIE MAC POOL 2.50000% 21-01.10.51 | 1 800 000.00 | 1 732 398.05 | 0.46 |
| USD | GINNIE MAE 2.00000% 21-01.03.51 | 450 000.00 | 411 884.27 | 0.11 |
| USD | GINNIE MAE 2.50000% 21-01.03.51 | 1 300 000.00 | 1 197 985.89 | 0.32 |
| USD | GINNIE MAE 3.00000% 16-01.08.46 | 375 000.00 | 96 011.89 | 0.03 |
| USD | GINNIE MAE 3.50000% 18-01.01.48 | 225 000.00 | 59 624.93 | 0.02 |
| USD | HILTON USA TRUST-144-SUB 3.32284% 16-01.11.35 | 175 000.00 | 163 649.43 | 0.04 |
| USD | JPMBB COMMERCIAL MTG SEC TRUST-SUB 3.79960% 14-01.01.48 | 320 000.00 | 319 149.36 | 0.09 |
| USD | MSBAM LYNCH TRUST-SUB 3.99400% 16-01.12.49 | 550 000.00 | 559 117.57 | 0.15 |
| Total USD |  |  | 19 047 984.81 | 5.04 |
| Total des Titres adossés à des hypothèques, taux fixe |  | 19 047 984.81 | 5.04 |
| Titres adossés à des hypothèques, taux variable |  |  |  |
| USD |  |  |  |
| USD	ANGEL OAK MORTGAGE TRUST I LLC-144A VAR 18-01.09.48 | 125 000.00 | 16 331.86 | 0.00 |
| USD	AVENTURA MALL TRUST-144A FLR 18-01.07.40 | 800 000.00 | 842 524.30 | 0.22 |
| USD	BAMLL COMMERCIAL MORT SET-144A 1M LIBOR+135BP 18-15.09.34 | 750 000.00 | 696 991.75 | 0.18 |
| USD	BAMLL COMMERCIAL MORTGAGE-144A VAR 15-01.04.33 | 450 000.00 | 440 240.05 | 0.12 |
| USD	BANK 2017-BNK9 VAR 17-01.11.54 | 600 000.00 | 616 015.48 | 0.16 |
| USD	BANK-SUB FLR 18-01.02.61 | 455 000.00 | 454 803.55 | 0.12 |
| USD	BBCMS TRUST CBM-144A 1M LIBOR+119.1098BP 18-15.07.37 | 750 000.00 | 699 864.67 | 0.19 |
| USD	BENCHMARK MORTGAGE TRUST-SUB FLR 18-01.10.51 | 500 000.00 | 511 068.13 | 0.14 |
| USD	BX COMMERCIAL MORTGAGE TRUST-144A 1M LIBOR+90BP 18-15.11.35 | 150 000.00 | 98 008.49 | 0.03 |
| USD	BX TRUST-144A 1M LIBOR+80BP 18-15.05.35 | 400 000.00 | 373 020.03 | 0.10 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+145BP 19-15.12.37 | 200 000.00 | 186 742.52 | 0.05 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+175BP 19-15.12.37 | 570 000.00 | 532 217.35 | 0.14 |
| USD	CD MORTGAGE TRUST FLR 17-01.11.50 | 110 000.00 | 111 503.99 | 0.03 |
| USD	CHT COSMO MORTGAGE TRUST-144A-SUB 1M LIBOR+225BP 17-15.11.36 | 225 000.00 | 210 090.16 | 0.06 |
| USD	CORE TRUST 2019-CORE-144A-SUB 1M LIBOR+88BP 19-15.12.31 | 825 000.00 | 126 558.65 | 0.03 |
| USD	DBGS MORTGAGE TRUST-144A 1M LIBOR+80.3BP 18-15.05.35 | 225 000.00 | 195 010.15 | 0.05 |
| USD	FREMF MORTGAGE TRUST-144A-SUB VAR 17-01.05.50 | 50 000.00 | 51 301.37 | 0.01 |
| USD	GS MORTGAGE SECURITIES TRUST 4.047%/VAR 17-01.03.50 | 225 000.00 | 228 169.57 | 0.06 |
| USD	GS MORTGAGE SECURITIES TRUST-144A VAR 17-01.01.43 | 225 000.00 | 228 720.01 | 0.06 |
| USD	JP MORGAN CHASE COMMERCIAL MORTGAGE-144A-SUB VAR 10-01.11.43 | 100 000.00 | 56 030.30 | 0.01 |
| USD	JP MORGAN CHASE MORTGAGE SECURITIES-144A-SUB FLR 18-01.01.31 | 605 000.00 | 574 550.77 | 0.15 |
| USD	JPMDB COMRCIAL MOTGE SECURTIES TRST 3.985%/VAR 17-01.10.50 | 425 000.00 | 430 184.67 | 0.11 |
| USD	MAD MORTGAGE TRUST-144A 3.478%/VAR 17-01.08.34 | 250 000.00 | 236 483.78 | 0.06 |
| USD	MAD MORTGAGE TRUST-144A 3.599%/VAR 17-01.08.34 | 300 000.00 | 283 538.40 | 0.08 |
| USD	MORGAN STANLEY BOA ML TRT 2015-C24-SUB VAR 15-01.05.48 | 225 000.00 | 227 744.49 | 0.06 |
| USD	MSCG TRUST 2018-SELF-144A-SUB 1M LIBOR+90BP 18-15.10.37 | 310 000.00 | 289 270.48 | 0.08 |
| USD	STRUCTURED AGENCY CR DN 1M LIBOR+75BP 17-25.03.30 | 300 000.00 | 22 864.26 | 0.01 |
| USD	WELLS FARGO COMMERCIAL MORTGAGE TRUST-SUB FLR 18-01.05.51 | 100 000.00 | 103 540.81 | 0.03 |
| Total USD |  | 8 843 390.04 | 2.34 |
| Total des Titres adossés à des hypothèques, taux variable |  | 8 843 390.04 | 2.34 |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	ABBVIE INC 4.40000% 13-06.11.42 | 175 000.00 | 195 013.99 | 0.05 |
| USD	AMERICAN AIRLINES GROUP INC-144A 3.75000% 20-01.03.25 | 1 000 000.00 | 840 591.14 | 0.22 |
| USD	AUSTRALIA & NEW ZEALAND BNK-REG-S-SUB 4.50000% 14-19.03.24 | 200 000.00 | 202 512.63 | 0.05 |
| USD	AVOLON HOLDINGS FUNDING LTD-144A 2.12500% 21-21.02.26 | 205 000.00 | 189 082.86 | 0.05 |
| USD	BNP PARIBAS-144A 4.40000% 18-14.08.28 | 200 000.00 | 212 663.55 | 0.06 |
| USD	BROADCOM INC 3.15000% 20-15.11.25 | 61 000.00 | 60 817.82 | 0.02 |
| USD	CARRIER GLOBAL CORP 2.72200% 20-15.02.30 | 120 000.00 | 115 810.79 | 0.03 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 5.50000% 16-01.05.26 | 209 000.00 | 201 064.18 | 0.05 |
| USD	CCO LLC/CAPITAL 5.37500% 17-01.05.47 | 50 000.00 | 55 844.86 | 0.02 |
| USD	CENTENE CORP 4.62500% 20-15.12.29 | 100 000.00 | 101 661.99 | 0.03 |
| USD	CHEVRON PHILLIPS CHEMICAL CO LLC-144A 5.12500% 20-01.04.25 | 185 000.00 | 195 570.91 | 0.05 |
| USD	CITIGROUP INC-SUB 4.60000% 16-09.03.26 | 70 000.00 | 73 751.29 | 0.02 |
| USD	COLONIAL ENTERPRISES INC-144A 3.25000% 20-15.05.30 | 185 000.00 | 185 892.65 | 0.05 |
| USD	DELL INTERNATIONAL LLC / EMC CORP 5.85000% 21-15.07.25 | 130 000.00 | 141 087.10 | 0.04 |
| USD	DELL INTERNATIONAL LLC / EMC CORP 5.30000% 21-01.10.29 | 320 000.00 | 360 846.42 | 0.10 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 7.12500% 16-15.06.24 | 250 000.00 | 238 459.79 | 0.06 |
| USD	ENLINK MIDSTREAM PARTNERS LP 4.40000% 14-01.04.24 | 300 000.00 | 290 886.89 | 0.08 |
| USD	ENTERPRISE PRODUCTS OPERATING LLC 4.85000% 13-15.03.44 | 60 000.00 | 67 303.94 | 0.02 |
| USD	GLENCORE FUNDING LLC-144A 4.87500% 19-12.03.29 | 130 000.00 | 139 299.27 | 0.04 |
| USD	INFOR INC-144A 1.75000% 20-15.07.25 | 115 000.00 | 108 658.07 | 0.03 |
| USD	MORGAN STANLEY 6.37500% 12-24.07.42 | 140 000.00 | 197 737.53 | 0.05 |
| USD	MPLX LP 4.25000% 20-01.12.27 | 50 000.00 | 52 407.86 | 0.01 |
| USD	NXP BV / NXP FDNG LLC / NXP USA-144A 3.15000% 20-01.05.27 | 130 000.00 | 129 317.30 | 0.03 |
| USD	NXP BV / NXP FDNG LLC / NXP USA-144A 2.70000% 20-01.05.25 | 50 000.00 | 48 715.36 | 0.01 |
| USD	ONCOR ELECTRIC DELIVERY CO 3.70000% 19-15.11.28 | 90 000.00 | 94 913.80 | 0.03 |
| USD	ORIGIN ENERGY FINANCE LTD-REG-S 5.45000% 11-14.10.21 | 240 000.00 | 223 723.47 | 0.06 |
| USD	OTIS WORLDWIDE CORP 2.56500% 20-15.02.30 | 165 000.00 | 158 016.09 | 0.04 |
| USD	SOUTHWESTERN ELECTRIC POWER 6.20000% 10-15.03.40 | 130 000.00 | 168 329.80 | 0.04 |
| USD	STATE STREET CORP 2.90100% 20-30.03.26 | 240 000.00 | 237 513.12 | 0.06 |
| USD	TEACHERS INSURANCE&ANNUITY ASS-144A-SUB 4.90000% 14-15.09.44 | 420 000.00 | 509 946.51 | 0.13 |

UBS (Lux) Bond Fund – Global Flexible Rapport semestriel au 30 septembre 2021
|  | Dénomination | Quantité/ | Evaluation en CHF | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Plus- (Moins-) value non- | des |
|  |  | réalisée sur Futures/ | actifs |
|  |  | Contrats de | nets |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
|  |  |  |  |  |
| USD | TEACHERS INSURANCE&ANNU ASS-REG-S-SUB 4.27000% 17-15.05.47 | 350 000.00 | 394 510.89 | 0.10 |
| USD | TECK RESOURCES LTD 3.90000% 20-15.07.30 | 70 000.00 | 70 901.44 | 0.02 |
| USD | TRITON CONTAINER INTERNATIONAL LTD-144A 2.05000% 21-15.04.26 | 345 000.00 | 322 826.43 | 0.09 |
| USD | VIRGINIA ELECTRIC & POWER CO 4.00000% 16-15.11.46 | 85 000.00 | 91 603.75 | 0.02 |
| USD | XCEL ENERGY INC 4.80000% 11-15.09.41 | 120 000.00 | 137 609.72 | 0.04 |
| Total USD |  |  | 6 814 893.21 | 1.80 |
| Total des Billets, taux fixe |  | 6 814 893.21 | 1.80 |
| Medium-Term Notes, taux fixe |  |  |  |
| AUD |  |  |  |
| AUD	AURIZON FINANCE PTY LTD 3.00000% 21-09.03.28 | 610 000.00 | 408 192.31 | 0.11 |
| Total AUD |  | 408 192.31 | 0.11 |
| GBP |  |  |  |
| GBP	NATIONAL GRID ELECTRICITY TRANSMISSION 4.00000% 12-08.06.27 | 120 000.00 | 170 557.30 | 0.05 |
| Total GBP |  | 170 557.30 | 0.05 |
| Total des Medium-Term Notes, taux fixe |  | 578 749.61 | 0.16 |
| Medium-Term Notes, taux variable |  |  |  |
| USD |  |  |  |
| USD	AUSTRALIA & NEW ZEALAND BANK-REG-S-SUB 2.950%VAR 20-22.07.30 | 400 000.00 | 387 466.00 | 0.10 |
| Total USD |  | 387 466.00 | 0.10 |
| Total des Medium-Term Notes, taux variable |  | 387 466.00 | 0.10 |
| Obligations, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	PANTHER BF AGGR 2/PANTHER FIN CO-REG-S 4.37500% 19-15.05.26 | 700 000.00 | 782 340.76 | 0.21 |
| Total EUR |  | 782 340.76 | 0.21 |
| RUB |  |  |  |
| RUB	RUSSIA, FEDERATION OF 7.65000% 19-10.04.30 | 410 000 000.00 | 5 407 316.90 | 1.43 |
| Total RUB |  | 5 407 316.90 | 1.43 |
| USD |  |  |  |
| USD	DUKE ENERGY CAROLINAS LLC 4.00000% 12-30.09.42 | 110 000.00 | 117 295.28 | 0.03 |
| USD	FIVE CORNERS FUNDING TRUST-144A 4.41900% 13-15.11.23 | 130 000.00 | 130 952.08 | 0.03 |
| Total USD |  | 248 247.36 | 0.06 |
| Total des Obligations, taux fixe |  | 6 437 905.02 | 1.70 |
| Obligations, taux variable |  |  |  |
| JPY |  |  |  |
| JPY	JAPAN 0.100%/CPI LINKED 19-10.03.29 | 500 000 000.00 | 4 326 426.51 | 1.15 |
| Total JPY |  | 4 326 426.51 | 1.15 |
| NZD |  |  |  |
| NZD	NEW ZEALAND 2.500%/CPI LINKED 17-20.09.40 | 12 800 000.00 | 11 542 704.46 | 3.06 |
| NZD	NEW ZEALAND 3.000%/CPI LINKED 13-20.09.30 | 5 000 000.00 | 4 540 498.26 | 1.20 |
| Total NZD |  | 16 083 202.72 | 4.26 |
| USD |  |  |  |
| USD	SCENTRE GROUP TRUST 2-REG-S-SUB 4.750%/VAR 20-24.09.80 | 200 000.00 | 199 154.98 | 0.05 |
| Total USD |  | 199 154.98 | 0.05 |
| Total des Obligations, taux variable |  | 20 608 784.21 | 5.46 |
| Total des Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  | 69 383 733.36 | 18.36 |
| Nouvelles émissions de titres et instruments du marché monétaire |  |  |  |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	BROADCOM INC-144A 1.95000% 21-15.02.28 | 250 000.00 | 230 273.29 | 0.06 |
| USD	BROADCOM INC-144A 2.60000% 21-15.02.33 | 935 000.00 | 837 839.39 | 0.22 |
| USD	BROADCOM INC-144A 3.41900% 21-15.04.33 | 329 000.00 | 317 702.12 | 0.09 |
| USD	COMCAST CORP-144A 2.93700% 21-01.11.56 | 270 000.00 | 237 912.38 | 0.06 |
| USD	TRITON CONTAINER INTERNATIONAL LTD-144A 1.15000% 21-07.06.24 | 80 000.00 | 74 385.46 | 0.02 |
| Total USD |  | 1 698 112.64 | 0.45 |
| Total des Billets, taux fixe |  | 1 698 112.64 | 0.45 |
| Total des Nouvelles émissions de titres et instruments du marché monétaire |  | 1 698 112.64 | 0.45 |

UBS (Lux) Bond Fund – Global Flexible Rapport semestriel au 30 septembre 2021
| Dénomination | Quantité/ | Evaluation en CHF | en % |
| --- | --- | --- | --- |
|  | Nominal | Plus- (Moins-) value non- | des |
|  |  | réalisée sur Futures/ | actifs |
|  |  | Contrats de | nets |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |

OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée
Fonds d’investissement, ouvert
Luxembourg
| EUR | UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 150.00 | 23 334.49 | 0.01 |
| --- | --- | --- | --- | --- |
| USD | UBS (LUX) BOND SICAV - ASIAN HIGH YIELD (USD) I-X-DIST | 63 000.00 | 5 258 699.33 | 1.39 |
| USD | UBS (LUX) BOND SICAV - MULTI INCOME (USD)-U-X-ACC- CAP | 290.00 | 2 900 990.92 | 0.77 |
| USD | UBS (LUX) BOND SICAV - CHINA HIGH YIELD (USD) U-X-ACC | 260.00 | 2 289 400.28 | 0.60 |
| Total Luxembourg | 10 472 425.02 | 2.77 |
| Total des Fonds d’investissement, ouvert | 10 472 425.02 | 2.77 |
| Total des OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée | 10 472 425.02 | 2.77 |
| Instruments dérivés non négociés sur une bourse officielle ou sur un autre marché réglementé |  |  |
| Options sur autres swaps, classic-styled |  |  |
| USD |  |  |
| USD	GOLDMAN SACH/CDX.NA.HY.36 SWAPTION PUT 108.00000 21-17.11.21	26 000 000.00 | 166 841.53 | 0.05 |
| USD	GOLDMAN SACH/CDX.NA.HY.36 SWAPTION PUT 105.00000 21-17.11.21	-26 000 000.00 | -67 989.09 | -0.02 |
| USD	GOLDMAN SACH/CDX.NA.HY.36 SWAPTION PUT 103.00000 21-17.11.21	-26 000 000.00 | -39 830.08 | -0.01 |
| Total USD | 59 022.36 | 0.02 |
| Total Options sur autres swaps, classic-styled | 59 022.36 | 0.02 |
| Total des Instruments dérivés non négociés sur une bourse officielle ou sur un autre marché réglementé | 59 022.36 | 0.02 |
| Total du Portefeuille-titres | 335 745 682.56 | 88.87 |
| Titres adossés à des hypothèques TBA («to be announced») (note 1) |  |  |
| Titres adossés à des hypothèques TBA |  |  |
|  |  |  |
| USD	FANNIE MAE 2.00000% OCT 21 14.10.21	4 575 000.00 | -38 894.24 | -0.01 |
| USD	FANNIE MAE 2.50000% OCT 20 14.10.21	3 150 000.00 | -17 609.35 | 0.00 |
| USD	FANNIE MAE 2.50000% OCT 21 19.10.21	450 000.00 | -2 491.41 | 0.00 |
| USD	GINNIE MAE 2.00000% OCT 21 21.10.21	1 000 000.00 | -4 811.46 | 0.00 |
| USD	GINNIE MAE 2.50000% OCT 21 21.10.21	1 300 000.00 | -4 713.25 | -0.01 |
| Total des Titres adossés à des hypothèques TBA | -68 519.71 | -0.02 |
| Total des Titres adossés à des hypothèques TBA («to be announced») (note 1) | -68 519.71 | -0.02 |

| Instruments dérivés |  |
| --- | --- |
| Instruments dérivés négociés sur une bourse officielle |
| Contrats financiers à terme sur obligations |
|  |  |  |
| EUR	EURO BTP ITALY GOVERNMENT FUTURE 08.12.21	41.00 | -55 094.21 | -0.01 |
| EUR	EURO-BUND FUTURE 08.12.21	-17.00 | 7 351.66 | 0.00 |
| EUR	EURO-BOBL FUTURE 08.12.21	10.00 | -8 865.24 | 0.00 |
| EUR	EURO-SCHATZ FUTURE 08.12.21	50.00 | -4 054.22 | 0.00 |
| EUR	EURO-BUXL FUTURE 08.12.21	-20.00 | 134 600.25 | 0.04 |
| EUR	EURO-OAT FUTURE 08.12.21	56.00 | -138 038.23 | -0.04 |
| AUD	AUSTRALIAN 3YR BOND FUTURE 15.12.21	30.00 | -5 612.79 | 0.00 |
| JPY	JAPAN GOVERNMENT 10Y BOND (OSE) FUTURE 13.12.21	25.00 | -100 328.93 | -0.03 |
| CAD	CAN 10YR BOND FUTURE 20.12.21	25.00 | -62 037.82 | -0.02 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 21.12.21	-44.00 | 200 737.66 | 0.05 |
| USD	US 10YR TREASURY NOTE FUTURE 21.12.21	-40.00 | 47 538.93 | 0.01 |
| USD	US 5YR TREASURY NOTE FUTURE 31.12.21	-20.00 | 10 494.56 | 0.00 |
| USD	US 10YR ULTRA NOTE FUTURE 21.12.21	-25.00 | 65 037.14 | 0.02 |
| USD	US LONG BOND FUTURE 21.12.21	-22.00 | 54 513.42 | 0.01 |
| Total des Contrats financiers à terme sur obligations | 146 242.18 | 0.03 |
| Total des Instruments dérivés négociés sur une bourse officielle | 146 242.18 | 0.03 |
| Instruments dérivés non négociés sur une bourse officielle ou sur un autre marché réglementé |  |  |
| Swaps et Swaps à terme sur taux d’intérêt |  |  |
|  |  |  |
| USD	LCH/INTEREST RATE SWAP PAY 2.39460% 17-23.03.27	-3 200 000.00 | -201 554.21 | -0.05 |
| USD	LCH/INTEREST RATE SWAP REC 3M LIBOR 17-23.03.27 |  |  |
| USD	LCH/INTEREST RATE SWAP PAY 2.34500% 17-07.04.27	-3 000 000.00 | -211 160.56 | -0.06 |
| USD	LCH/INTEREST RATE SWAP REC 3M LIBOR 17-07.04.27 |  |  |
| USD	LCH/INTEREST RATE SWAP PAY 2.57270% 17-01.08.47	-1 800 000.00 | -270 967.41 | -0.07 |
| USD	LCH/INTEREST RATE SWAP REC 3M LIBOR 17-01.08.47 |  |  |
| USD	LCH/INTEREST RATE SWAP PAY 2.24850% 17-02.08.27	-4 100 000.00 | -243 147.19 | -0.06 |
| USD	LCH/INTEREST RATE SWAP REC 3M LIBOR 17-02.08.27 |  |  |
| USD	LCH/INTEREST RATE SWAP PAY 1.29910% 20-03.03.50	-1 300 000.00 | 151 333.19 | 0.04 |
| USD	LCH/INTEREST RATE SWAP REC 3M LIBOR 20-03.03.50 |  |  |
| PLN	LCH/INTEREST RATE SWAP PAY 2.11600% 20-23.01.30	-31 500 000.00 | -92 385.59 | -0.03 |
| PLN	LCH/INTEREST RATE SWAP REC 6MWIB 20-23.01.30 |  |  |
| PLN	LCH/INTEREST RATE SWAP PAY 1.91900% 20-10.02.30	-38 500 000.00 | 43 977.08 | 0.01 |
| PLN	LCH/INTEREST RATE SWAP REC 6MWIB 20-10.02.30 |  |  |
| GBP	LCH/INTEREST RATE SWAP PAY 0.63650% 21-11.02.51	-3 000 000.00 | 343 039.85 | 0.09 |
| GBP	LCH/INTEREST RATE SWAP REC SONIA O/N 21-11.02.51 |  |  |

UBS (Lux) Bond Fund – Global Flexible Rapport semestriel au 30 septembre 2021
|  | Dénomination | Quantité/ Nominal | Evaluation en CHF Plus- (Moins-) value non- réalisée sur Futures/ Contrats de change à terme/ Swaps (note 1) | en % des actifs nets |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAY 0.885440% 21-28.02.51 | -1 400 000.00 | 46 777.63 | 0.01 |
| GBP | LCH/INTEREST RATE SWAP REC SONIA O/N 21-28.02.51 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAY 1.20750% 19-27.09.29 | -5 900 000.00 | 255 933.98 | 0.07 |
| NZD | LCH/INTEREST RATE SWAP REC 3MFRA 19-27.09.29 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAY 1.67500% 24-30.10.29 | -16 000 000.00 | 354 919.47 | 0.09 |
| NZD | LCH/INTEREST RATE SWAP REC 3MFRA 24-30.10.29 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAY 1.80000% 24-26.11.29 | -12 000 000.00 | 225 388.32 | 0.06 |
| NZD | LCH/INTEREST RATE SWAP REC 3MFRA 24-26.11.29 |  |  |  |
| SGD | LCH/INTEREST RATE SWAP PAY 2.12900% 17-19.01.22 | -11 500 000.00 | -76 983.18 | -0.02 |
| SGD | LCH/INTEREST RATE SWAP REC SORF6M 17-19.01.22 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAY 1.58300% 24-24.09.29 | -16 500 000.00 | 405 537.29 | 0.11 |
| NZD | LCH/INTEREST RATE SWAP REC 3MFRA 24-24.09.29 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP PAY 2.80500% 21-02.04.26 | -125 000 000.00 | -290 418.97 | -0.08 |
| CNY | CITI/INTEREST RATE SWAP REC CNRR007 21-02.04.26 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAY 1.73300% 21-16.04.31 | -10 000 000.00 | 79 818.86 | 0.02 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIB 21-16.04.31 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.92500% 20-16.01.25 | 61 000 000.00 | 163 752.83 | 0.04 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-16.01.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 3.66000% 17-18.01.22 | 30 000 000.00 | 30 565.50 | 0.01 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAY CNRR007 17-18.01.22 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 3.76000% 17-03.07.22 | 30 000 000.00 | 64 592.95 | 0.02 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAY CNRR007 17-03.07.22 |  |  |  |
| CNY | UBS/INTEREST RATE SWAP REC 3.86000% 17-04.09.22 | 30 000 000.00 | 68 182.21 | 0.02 |
| CNY | UBS/INTEREST RATE SWAP PAY CNRR007 17-04.09.22 |  |  |  |
| CNY | UBS/INTEREST RATE SWAP REC 3.13000% 19-06.05.24 | 35 000 000.00 | 107 883.14 | 0.03 |
| CNY | UBS/INTEREST RATE SWAP PAY CNRR007 19-06.05.24 |  |  |  |
| CNY | UBS/INTEREST RATE SWAP REC 2.80000% 19-03.07.24 | 70 000 000.00 | 137 965.49 | 0.04 |
| CNY | UBS/INTEREST RATE SWAP PAY CNRR007 19-03.07.24 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.94000% 19-19.09.24 | 41 000 000.00 | 100 545.10 | 0.03 |
| CNY | CITI/INTEREST RATE SWAP PAY CNRR007 19-19.09.24 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.23500% 20-10.06.25 | 35 000 000.00 | -31 089.30 | -0.01 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAY CNRR007 20-10.06.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.27000% 20-11.06.25 | 35 000 000.00 | -24 398.33 | -0.01 |
| CNY | CITI/INTEREST RATE SWAP PAY CNRR007 20-11.06.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.24500% 20-17.06.25 | 50 000 000.00 | -42 421.17 | -0.01 |
| CNY | CITI/INTEREST RATE SWAP PAY CNRR007 20-17.06.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.78750% 20-17.12.25 | 75 000 000.00 | 149 877.24 | 0.04 |
| CNY | CITI/INTEREST RATE SWAP PAY CNRR007 20-17.12.25 |  |  |  |
| CNY | UBS/INTEREST RATE SWAP REC 2.71100% 21-19.01.26 | 50 000 000.00 | 84 791.82 | 0.02 |
| CNY | UBS/INTEREST RATE SWAP PAY CNRR007 21-19.01.26 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.89000% 21-05.02.26 | 50 000 000.00 | 136 476.31 | 0.04 |
| CNY | CITI/INTEREST RATE SWAP PAY CNRR007 21-05.02.26 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 8.15500% 19-17.04.29 | 120 000 000.00 | 287 048.62 | 0.08 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 19-17.04.29 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.85500% 19-12.11.29 | 190 000 000.00 | -261 163.24 | -0.07 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 19-12.11.29 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.28000% 16-23.07.26 | 60 000 000.00 | -86 543.07 | -0.02 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 16-23.07.26 |  |  |  |
| SGD | LCH/INTEREST RATE SWAP REC 1.05500% 21-10.03.26 | 4 000 000.00 | -17 757.56 | -0.01 |
| SGD | LCH/INTEREST RATE SWAP PAY SORF6M 21-10.03.26 |  |  |  |
| KRW | JPMORGAN/INTEREST RATE SWAP REC 1.80000% 17-17.01.27 | 2 800 000 000.00 | 2 989.88 | 0.00 |
| KRW | JPMORGAN/INTEREST RATE SWAP PAY 3MKWCD 17-17.01.27 |  |  |  |
| KRW | UBS/INTEREST RATE SWAP REC 1.43750% 21-09.03.26 | 5 200 000 000.00 | -59 986.70 | -0.02 |
| KRW | UBS/INTEREST RATE SWAP PAY 3MKWCD 21-09.03.26 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP REC 1.32000% 21-22.06.26 | 15 000 000.00 | -196 989.94 | -0.05 |
| NZD | LCH/INTEREST RATE SWAP PAY 3MFRA 21-22.06.26 |  |  |  |
| HUF | LCH/INTEREST RATE SWAP REC 2.59600% 21-10.08.26 | 3 000 000 000.00 | -150 027.26 | -0.04 |
| HUF | LCH/INTEREST RATE SWAP PAY 6ML 21-10.08.26 |  |  |  |
| HUF | LCH/INTEREST RATE SWAP REC 2.83500% 21-17.09.26 | 1 630 000 000.00 | -40 416.89 | -0.01 |
| HUF | LCH/INTEREST RATE SWAP PAY 6ML 21-17.09.26 |  |  |  |
| Total des Swaps et Swaps à terme sur taux d’intérêt |  | 943 986.19 | 0.25 |
| Credit Default Swaps* |  |  |  |
|  |  |  |  |
| USD	BOA/MEX CDS PAY 1.00000% 19-20.06.24 | -2 850 000.00 | -36 292.00 | -0.01 |
| USD	CITI/BRAZIL CDS PAY 1.00000% 19-20.06.24 | -1 800 000.00 | 13 183.05 | 0.00 |
| USD	JPMORGAN/BRAZIL CDS PAY 1.00000% 19-20.06.24 | -1 800 000.00 | 13 183.05 | 0.00 |
| USD	BOA/TURKEY CDS REC 1.00000% 19-20.06.24 | 2 850 000.00 | -195 088.71 | -0.05 |
| USD	CITI/SOAF CDS REC 1.00000% 19-20.06.24 | 1 800 000.00 | -11 582.30 | 0.00 |
| USD	JPMORGAN/SOAF CDS REC 1.00000% 19-20.06.24 | 1 800 000.00 | -11 535.66 | 0.00 |
| Total des Credit Default Swaps |  | -228 132.57 | -0.06 |
| Total des Instruments dérivés non négociés sur une bourse officielle ou sur un autre marché réglementé |  | 715 853.62 | 0.19 |
| Total des Instruments dérivés |  | 862 095.80 | 0.22 |
| Contrats de change à terme |  |  |  |
| Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |  |

| MYR | 6 040 000.00 | USD | 1 440 839.69 | 6.10.2021 | 1 524.78 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 2 973 927.99 | BRL | 15 570 000.00 | 6.10.2021 | 110 533.33 | 0.03 |
| KRW | 4 009 000 000.00 | USD | 3 460 897.64 | 6.10.2021 | -69 420.42 | -0.02 |
| USD | 3 336 234.41 | TWD | 92 000 000.00 | 6.10.2021 | 30 021.18 | 0.01 |
| USD | 6 276 825.69 | CNY | 40 655 000.00 | 8.10.2021 | -16 551.39 | 0.00 |
| USD | 5 906 035.26 | RUB | 434 973 000.00 | 6.10.2021 | -61 929.62 | -0.02 |
| USD | 1 777 477.18 | INR | 130 090 000.00 | 6.10.2021 | 23 371.50 | 0.01 |
| USD | 1 766 197.48 | IDR | 25 221 300 000.00 | 6.10.2021 | 4 189.24 | 0.00 |
| CHF | 14 106 135.86 | CAD | 19 425 000.00 | 6.10.2021 | -196 052.21 | -0.05 |
| CAD | 74 384 100.00 | CHF | 54 016 587.90 | 6.10.2021 | 750 742.21 | 0.20 |
| CHF | 176 484 434.58 | USD | 192 930 000.00 | 6.10.2021 | -3 472 950.57 | -0.92 |
| USD | 55 414 700.00 | CHF | 50 691 090.02 | 6.10.2021 | 997 525.08 | 0.26 |

* Nominal positif: le compartiment est «receveur», nominal négatif: le compartiment est «payeur».
UBS (Lux) Bond Fund – Global Flexible Rapport semestriel au 30 septembre 2021
| Dénomination	Quantité/ | Evaluation en CHF | en % |
| --- | --- | --- |
| Nominal | Plus- (Moins-) value non- | des |
|  | réalisée sur Futures/ | actifs |
|  | Contrats de | nets |
|  | change à terme/ |  |
|  | Swaps (note 1) |  |

Contrats de change à terme (suite)
Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité
| EUR | 1 455 000.00 | NZD | 2 426 192.71 | 6.10.2021 | 11 853.69 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 15 217 539.78 | GBP | 12 045 000.00 | 6.10.2021 | 68 655.71 | 0.02 |
| CHF | 69 793 135.95 | EUR | 64 305 000.00 | 6.10.2021 | 273 085.31 | 0.07 |
| CHF | 27 093 999.62 | NZD | 41 645 000.00 | 6.10.2021 | 297 309.84 | 0.08 |
| EUR | 107 413 700.00 | CHF | 116 580 965.19 | 6.10.2021 | -456 155.87 | -0.12 |
| GBP | 21 967 700.00 | CHF | 27 753 785.68 | 6.10.2021 | -125 214.44 | -0.03 |
| CHF | 5 750 549.51 | MXN | 126 140 000.00 | 6.10.2021 | 27 596.34 | 0.01 |
| CHF | 6 425 362.67 | ZAR | 101 840 000.00 | 6.10.2021 | 114 757.81 | 0.03 |
| NOK | 73 200 000.00 | CHF | 7 728 183.32 | 6.10.2021 | 93 361.54 | 0.02 |
| CHF | 9 484 203.51 | JPY | 1 141 900 000.00 | 6.10.2021 | -62 244.08 | -0.02 |
| AUD | 440 000.00 | CHF | 298 823.32 | 6.10.2021 | -2 356.38 | 0.00 |
| CHF | 4 734 060.00 | SEK | 44 410 000.00 | 6.10.2021 | -1 008.56 | 0.00 |
| TRY | 6 790 000.00 | CHF | 733 323.52 | 6.10.2021 | -21 686.34 | -0.02 |
| SGD | 2 715 000.00 | CHF | 1 847 438.21 | 6.10.2021 | 17 929.93 | 0.00 |
| PLN | 14 900 000.00 | CHF | 3 581 765.90 | 6.10.2021 | -82 106.51 | -0.02 |
| CHF | 1 560 000.00 | EUR | 1 434 689.88 | 6.10.2021 | 8 958.66 | 0.00 |
| CAD | 2 217 206.80 | NZD | 2 480 000.00 | 6.10.2021 | 36 714.51 | 0.01 |
| USD | 2 024 987.25 | CHF | 1 850 000.00 | 6.10.2021 | 38 827.09 | 0.01 |
| CAD | 250 000.00 | USD | 198 811.58 | 6.10.2021 | -1 374.27 | 0.00 |
| EUR | 150 000.00 | USD | 178 131.45 | 6.10.2021 | -3 989.47 | 0.00 |
| EUR | 1 445 000.00 | NOK | 14 880 737.16 | 6.10.2021 | -27 847.99 | -0.01 |
| USD | 515 000.00 | CHF | 474 583.32 | 6.10.2021 | 5 788.08 | 0.00 |
| AUD | 2 345 000.00 | NZD | 2 430 852.80 | 6.10.2021 | 15 891.06 | 0.00 |
| ZAR | 4 550 000.00 | USD | 320 966.03 | 6.10.2021 | -17 441.12 | 0.00 |
| USD | 1 156 353.33 | BRL | 6 120 000.00 | 6.10.2021 | 31 694.57 | 0.01 |
| INR | 130 090 000.00 | USD | 1 760 351.83 | 6.10.2021 | -7 393.97 | 0.00 |
| USD | 1 710 000.00 | CNY | 11 061 306.00 | 8.10.2021 | -2 435.57 | 0.00 |
| USD | 1 178 889.90 | EUR | 1 000 000.00 | 6.10.2021 | 18 523.14 | 0.00 |
| AUD | 236 611.94 | CHF | 160 000.00 | 8.10.2021 | -582.38 | 0.00 |
| CHF | 866 796.09 | CAD | 1 194 500.00 | 6.10.2021 | -12 687.24 | 0.00 |
| CHF | 948 009.56 | USD | 1 032 400.00 | 6.10.2021 | -14 971.86 | 0.00 |
| PLN | 6 500 000.00 | JPY | 184 783 359.00 | 6.10.2021 | -18 119.62 | 0.00 |
| USD | 1 974 725.68 | CHF | 1 825 000.00 | 8.10.2021 | 16 826.63 | 0.00 |
| CHF | 690 580.18 | CAD | 947 300.00 | 6.10.2021 | -6 895.38 | 0.00 |
| USD | 754 912.32 | CHF | 700 000.00 | 6.10.2021 | 4 152.01 | 0.00 |
| USD | 335 000.62 | CNY | 2 170 000.00 | 8.10.2021 | -912.38 | 0.00 |
| USD | 675 000.00 | CHF | 627 077.03 | 6.10.2021 | 2 535.96 | 0.00 |
| EUR | 1 571 100.00 | CHF | 1 710 715.49 | 6.10.2021 | -12 201.35 | 0.00 |
| CHF | 1 214 811.58 | EUR | 1 120 000.00 | 6.10.2021 | 3 981.06 | 0.00 |
| CAD | 2 141 512.07 | AUD | 2 310 000.00 | 8.10.2021 | 20 274.68 | 0.01 |
| EUR | 1 446 224.84 | NOK | 14 580 000.00 | 6.10.2021 | 5 614.58 | 0.00 |
| CHF | 655 873.08 | USD | 710 000.00 | 8.10.2021 | -6 343.92 | 0.00 |
| USD | 440 000.00 | CHF | 406 600.79 | 8.10.2021 | 3 787.21 | 0.00 |
| USD | 586 014.00 | EUR | 500 000.00 | 6.10.2021 | 6 061.24 | 0.00 |
| MYR | 2 565 000.00 | USD | 611 431.99 | 6.10.2021 | 1 065.24 | 0.00 |
| EUR | 59 394 900.00 | CHF | 64 340 160.95 | 6.10.2021 | -128 412.94 | -0.03 |
| AUD | 902 438.27 | CAD | 830 000.00 | 8.10.2021 | -3 049.36 | 0.00 |
| KRW | 816 000 000.00 | USD | 691 703.04 | 6.10.2021 | -2 250.04 | 0.00 |
| USD | 612 926.25 | TWD | 17 000 000.00 | 6.10.2021 | 2 235.92 | 0.00 |
| NOK | 8 670 000.00 | SEK | 8 727 733.53 | 6.10.2021 | -4 161.56 | 0.00 |
| PLN | 3 200 000.00 | JPY | 90 171 552.00 | 6.10.2021 | -2 242.55 | 0.00 |
| CNY | 53 886 306.00 | USD | 8 333 148.69 | 8.10.2021 | 9 348.21 | 0.00 |
| USD | 8 309 305.37 | CNY | 53 890 000.00 | 4.11.2021 | -15 164.80 | 0.00 |
| CHF | 9 083 493.95 | EUR | 8 370 000.00 | 6.10.2021 | 34 698.00 | 0.01 |
| CHF | 18 850 056.35 | USD | 20 340 000.00 | 6.10.2021 | -122 281.88 | -0.03 |
| CHF | 1 991 091.41 | CAD | 2 720 000.00 | 6.10.2021 | -11 583.06 | 0.00 |
| SGD | 440 000.00 | CHF | 301 399.59 | 6.10.2021 | 906.85 | 0.00 |
| CHF | 4 312 735.91 | MXN | 93 480 000.00 | 6.10.2021 | 71 562.12 | 0.02 |
| USD | 4 067 439.41 | KRW | 4 825 000 000.00 | 6.10.2021 | -7 771.61 | 0.00 |
| KRW | 4 825 000 000.00 | USD | 4 065 417.41 | 4.11.2021 | 8 566.95 | 0.00 |
| CHF | 1 735 521.60 | EUR | 1 600 000.00 | 6.10.2021 | 5 763.71 | 0.00 |
| USD | 450 000.00 | CHF | 417 897.41 | 6.10.2021 | 1 844.59 | 0.00 |
| USD | 2 025 000.00 | IDR | 29 117 475 000.00 | 4.11.2021 | -1 934.96 | 0.00 |
| USD | 2 025 000.00 | CNY | 13 125 037.50 | 4.11.2021 | -2 526.42 | 0.00 |
| MYR | 8 605 000.00 | USD | 2 050 274.01 | 3.11.2021 | 1 421.68 | 0.00 |
| USD | 2 053 699.28 | MYR | 8 605 000.00 | 6.10.2021 | -1 258.44 | 0.00 |
| RUB | 434 973 000.00 | USD | 5 971 655.53 | 6.10.2021 | 679.14 | 0.00 |
| USD | 5 941 880.70 | RUB | 434 973 000.00 | 3.11.2021 | 2 073.08 | 0.00 |
| IDR | 25 221 300 000.00 | USD | 1 763 973.98 | 6.10.2021 | -2 111.65 | 0.00 |
| TWD | 109 000 000.00 | USD | 3 920 863.31 | 6.10.2021 | -5 877.01 | 0.00 |
| USD | 8 333 535.31 | CNY | 53 886 306.00 | 8.10.2021 | -8 982.38 | 0.00 |
| USD | 1 757 949.40 | IDR | 25 221 300 000.00 | 4.11.2021 | 1 986.73 | 0.00 |
| USD | 3 926 654.42 | TWD | 109 000 000.00 | 4.11.2021 | 3 714.77 | 0.00 |
| USD | 206 362.24 | JPY | 23 000 000.00 | 6.10.2021 | 203.16 | 0.00 |
| USD | 445 000.00 | CHF | 413 974.16 | 6.10.2021 | 1 104.04 | 0.00 |
| USD | 607 344.68 | CHF | 565 000.00 | 6.10.2021 | 1 506.82 | 0.00 |
| BRL | 21 690 000.00 | USD | 3 995 946.94 | 6.10.2021 | -16 815.85 | 0.00 |
| RUB | 20 546 500.00 | USD | 280 574.90 | 3.11.2021 | -5.12 | 0.00 |
| BRL | 1 760 000.00 | USD | 322 995.05 | 4.11.2021 | -1 573.62 | 0.00 |
| USD | 3 978 648.47 | BRL | 21 690 000.00 | 4.11.2021 | 17 737.65 | 0.00 |
| CHF | 3 678 392.00 | EUR | 3 400 000.00 | 6.10.2021 | 2 656.49 | 0.00 |
| CHF | 880 886.30 | GBP | 700 000.00 | 6.10.2021 | 502.83 | 0.00 |
| USD | 2 025 000.00 | CAD | 2 560 660.70 | 6.10.2021 | 3 482.80 | 0.00 |
| Total des Contrats de change à terme | -1 823 727.41 | -0.48 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 64 192 854.10* | 16.99 |
| Crédit en compte courant et autres engagements à court terme | -10 618 963.11 | -2.81 |
| Autres actifs et passifs | -10 489 775.01 | -2.77 |
| Total de l’Actif net | 377 799 647.22 | 100.00 |

* Au 30 septembre 2021, des avoirs en banque ont été utilisés à titre de garantie, à hauteur de 32 433.80 CHF en faveur de JP Morgan et à hauteur de 389 205.54 CHF en faveur de Bank of America.
UBS (Lux) Bond Fund – Global Flexible Rapport semestriel au 30 septembre 2021