# UBS (Lux) Bond SICAV
– Asian Investment Grade Bonds (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Net assets in USD |  | 45 464 089.59 | 44 893 595.89 | 45 697 284.92 |
| Class I-B-acc | LU1377678567 |  |  |  |
| Shares outstanding |  | 20 000.0000 | 20 000.0000 | 20 000.0000 |
| Net asset value per share in USD |  | 117.93 | 112.65 | 103.47 |
| Issue and redemption price per share in USD 1 |  | 117.93 | 112.65 | 103.47 |
| Class U-X-acc | LU1377216947 |  |  |  |
| Shares outstanding |  | 3 646.0000 | 3 777.0000 | 4 210.0000 |
| Net asset value per share in USD |  | 11 822.69 | 11 289.55 | 10 362.92 |
| Issue and redemption price per share in USD 1 |  | 11 822.69 | 11 289.55 | 10 362.92 |
| 1  See note 1 |  |  |  |  |


## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| British Virgin Islands | 16.36 |
| --- | --- |
| Hong Kong | 15.38 |
| United States | 12.66 |
| South Korea | 12.02 |
| Singapore | 10.30 |
| Indonesia | 8.68 |
| Cayman Islands | 8.31 |
| China | 7.94 |
| India | 2.47 |
| Canada | 1.61 |
| Macau | 1.10 |
| Japan | 1.00 |
| The Netherlands | 0.45 |
| Mexico | 0.45 |
| Total | 98.73 |

Economic Breakdown as a % of net assets	
| Finance & holding companies | 37.18 |
| --- | --- |
| Countries & central governments | 19.01 |
| Banks & credit institutions | 16.71 |
| Energy & water supply | 4.18 |
| Petroleum | 4.15 |
| Real Estate | 4.14 |
| Miscellaneous services | 2.63 |
| Telecommunications | 2.51 |
| Electronics & semiconductors | 1.45 |
| Mechanical engineering & industrial equipment | 1.27 |
| Public, non-profit institutions | 1.09 |
| Investment funds | 1.07 |
| Mining, coal & steel | 1.00 |
| Chemicals | 0.87 |
| Mortgage & funding institutions | 0.53 |
| Cities & municipal authorities | 0.47 |
| Graphic design, publishing & media | 0.47 |
| Total | 98.73 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds (USD) Semi-Annual Report as of 30 November 2019

## Statement of Net Assets
Assets	30.11.2019
USD
Investments in securities, cost	43 632 763.90
| Investments in securities, unrealized appreciation (depreciation) | 	1 255 919.47	 |
| --- | --- |
| Total investments in securities (Note 1) | 44 888 683.37 |
| Cash at banks, deposits on demand and deposit accounts | 387 982.53 |
| Other liquid assets (Margins) | 14 887.48 |
| Receivable on securities sales (Note 1) | 1 496 235.70 |
| Interest receivable on securities | 346 029.53 |
| Other receivables | 7 402.28 |
| Unrealized gain (loss) on financial futures (Note 1) | 343.74 |
| Total Assets | 47 141 564.63 |
|  |  |
| Liabilities |  |
| Payable on securities purchases (Note 1) | -1 674 115.00 |
| Provisions for flat fee (Note 2) | -58.58 |
| Provisions for taxe d’abonnement (Note 3) | -741.27 |
| Provisions for other commissions and fees (Note 2) | 	-2 560.19	 |
| Total provisions | -3 360.04 |
| Total Liabilities | -1 677 475.04 |
|  |  |
| Net assets at the end of the period | 45 464 089.59 |
| Statement of Operations | USD |
| Income | 1.6.2019-30.11.2019 |
| Interest on liquid assets | 3 800.10 |
| Interest on securities | 758 752.61 |
| Interest received on swaps (Note 1) | 3 888.88 |
| Income on securities lending (Note 13) | 12 181.38 |
| Other income (Note 4) | 1 010.88 |
| Total income | 779 633.85 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -10 222.22 |
| Flat fee (Note 2) | -750.29 |
| Taxe d’abonnement (Note 3) | -2 214.85 |
| Cost on securities lending (Note 13) | -4 872.55 |
| Other commissions and fees (Note 2) | -2 584.41 |
| Interest on cash and bank overdraft | -270.33 |
| Total expenses | -20 914.65 |
|  |  |
| Net income (loss) on investments | 758 719.20 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 1 207 163.43 |
| Realized gain (loss) on financial futures | 77 392.97 |
| Realized gain (loss) on swaps | -109 105.34 |
| Realized gain (loss) on foreign exchange | -57.58 |
| Total realized gain (loss) | 1 175 393.48 |
|  |  |
| Net realized gain (loss) of the period | 1 934 112.68 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 54 654.93 |
| Unrealized appreciation (depreciation) on financial futures | 29 398.41 |
| Unrealized appreciation (depreciation) on swaps | 68 094.60 |
| Total changes in unrealized appreciation (depreciation) | 152 147.94 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 2 086 260.62 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds (USD) Semi-Annual Report as of 30 November 2019
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-30.11.2019 |
| Net assets at the beginning of the period | 44 893 595.89 |
| Subscriptions | 1 587 882.71 |
| Redemptions | 	-3 103 649.63	 |
| Total net subscriptions (redemptions) | -1 515 766.92 |
| Net income (loss) on investments | 758 719.20 |
| Total realized gain (loss) | 1 175 393.48 |
| Total changes in unrealized appreciation (depreciation) | 	152 147.94	 |
| Net increase (decrease) in net assets as a result of operations | 2 086 260.62 |
| Net assets at the end of the period | 45 464 089.59 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2019-30.11.2019 |
| Class | I-B-acc |
| Number of shares outstanding at the beginning of the period | 20 000.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 20 000.0000 |
| Class | U-X-acc |
| Number of shares outstanding at the beginning of the period | 3 777.0000 |
| Number of shares issued | 136.0000 |
| Number of shares redeemed | -267.0000 |
| Number of shares outstanding at the end of the period | 3 646.0000 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds (USD) Semi-Annual Report as of 30 November 2019

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

| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |

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

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds (USD) Semi-Annual Report as of 30 November 2019
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Derivative instruments |  |  |  |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Financial Futures on bonds |  |  |  |
|  |  |  |  |
| USD	US ULTRA LONG BOND (CBT) FUTURE 20.03.20 | -4.00 | 2 375.00 | 0.00 |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.20 | 20.00 | -1 093.76 | 0.00 |
| USD	US 10YR TREASURY NOTE FUTURE 20.03.20 | 4.00 | -937.50 | 0.00 |
| Total Financial Futures on bonds |  | 343.74 | 0.00 |
| Total Derivative instruments listed on an official stock exchange |  | 343.74 | 0.00 |
| Total Derivative instruments |  | 343.74 | 0.00 |
|  |  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets |  | 402 870.01 | 0.89 |
| Other assets and liabilities |  | 172 192.47 | 0.38 |
| Total net assets |  | 45 464 089.59 | 100.00 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds (USD) Semi-Annual Report as of 30 November 2019

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


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

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

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

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

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

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

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

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

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

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