# UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2020 | 31.5.2020 |
| Net assets in USD |  | 95 021 401.61 | 100 052 940.59 |
| Class P-qdist 1 | LU2100412902 |  |  |
| Shares outstanding |  | 852 543.6160 | 915 543.6160 |
| Net asset value per share in USD |  | 108.50 | 106.58 |
| Issue and redemption price per share in USD 2 |  | 108.50 | 106.58 |
| Class (HKD) P-qdist 1 | LU2100413033 |  |  |
| Shares outstanding |  | 18 000.0000 | 18 000.0000 |
| Net asset value per share in HKD |  | 1 084.38 | 1 065.15 |
| Issue and redemption price per share in HKD 2 |  | 1 084.38 | 1 065.15 |
| 1  First NAV: 24.3.2020 2  See note 1 |  |  |  |


## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
United States	58.28
China	12.59
United Kingdom	7.16
Hong Kong	3.93
Cayman Islands	2.35
The Netherlands	2.27
Finland	1.94
Ireland	1.58
Singapore	1.54
British Virgin Islands	1.11
South Korea	1.01
Mexico	0.95
Switzerland	0.81
Bahamas	0.56
Mongolia	0.50
Indonesia	0.49
Canada	0.24
Malaysia	0.23
Total	97.54
Economic Breakdown as a % of net assets	
Banks & credit institutions	25.53
Finance & holding companies	21.37
Real Estate	12.86
Telecommunications	6.82
Internet, software & IT services	4.18
Pharmaceuticals, cosmetics & medical products	4.14
Computer hardware & network equipment providers	3.71
Healthcare & social services	3.28
Building industry & materials	2.60
Packaging industry	2.38
Graphic design, publishing & media	1.71
Lodging, catering & leisure	1.53
Aerospace industry	1.49
Insurance	1.42
Miscellaneous services	1.02
Mining, coal & steel	0.95
Countries & central governments	0.85
Mortgage & funding institutions	0.55
Miscellaneous trading companies	0.54
Energy & water supply	0.37
Vehicles	0.24
Total	97.54
UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD) Semi-Annual Report as of 30 November 2020

## Statement of Net Assets
Assets	30.11.2020
USD
Investments in securities, cost	86 054 064.80
| Investments in securities, unrealized appreciation (depreciation) | 	6 630 142.68	 |
| --- | --- |
| Total investments in securities (Note 1) | 92 684 207.48 |
| Cash at banks, deposits on demand and deposit accounts | 1 356 424.19 |
| Interest receivable on securities | 1 013 967.20 |
| Total Assets | 95 054 598.87 |
|  |  |
| Liabilities |  |
| Provisions for flat fee (Note 2) | -23 565.18 |
| Provisions for taxe d’abonnement (Note 3) | -7 875.44 |
| Provisions for other commissions and fees (Note 2) | 	-1 756.64	 |
| Total provisions | -33 197.26 |
| Total Liabilities | -33 197.26 |
|  |  |
| Net assets at the end of the period | 95 021 401.61 |
| Statement of Operations | USD |
| Income | 1.6.2020-30.11.2020 |
| Interest on securities | 2 202 048.76 |
| Other income (Note 4) | 29 860.00 |
| Total income | 2 231 908.76 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -297 751.11 |
| Taxe d’abonnement (Note 3) | -24 782.56 |
| Other commissions and fees (Note 2) | -4 377.66 |
| Total expenses | -326 911.33 |
|  |  |
| Net income (loss) on investments | 1 904 997.43 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 911 574.05 |
| Realized gain (loss) on foreign exchange | -175.90 |
| Total realized gain (loss) | 911 398.15 |
|  |  |
| Net realized gain (loss) of the period | 2 816 395.58 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 1 058 862.84 |
| Total changes in unrealized appreciation (depreciation) | 1 058 862.84 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 3 875 258.42 |

UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD) Semi-Annual Report as of 30 November 2020
| Changes in Net Assets |  |
| --- | --- |
|  |  | USD |
|  |  | 1.6.2020-30.11.2020 |
| Net assets at the beginning of the period |  | 100 052 940.59 |
| Redemptions |  | 	-6 812 975.00	 |
| Total redemptions |  | -6 812 975.00 |
| Dividend paid |  | -2 093 822.40 |
| Net income (loss) on investments |  | 1 904 997.43 |
| Total realized gain (loss) |  | 911 398.15 |
| Total changes in unrealized appreciation (depreciation) |  | 	1 058 862.84	 |
| Net increase (decrease) in net assets as a result of operations |  | 3 875 258.42 |
| Net assets at the end of the period |  | 95 021 401.61 |
| Changes in the Number of Shares outstanding |  |  |
|  |  | 1.6.2020-30.11.2020 |
| Class |  | P-qdist |
| Number of shares outstanding at the beginning of the period |  | 915 543.6160 |
| Number of shares issued |  | 0.0000 |
| Number of shares redeemed |  | -63 000.0000 |
| Number of shares outstanding at the end of the period |  | 852 543.6160 |
| Class |  | (HKD) P-qdist |
| Number of shares outstanding at the beginning of the period |  | 18 000.0000 |
| Number of shares issued |  | 0.0000 |
| Number of shares redeemed |  | 0.0000 |
| Number of shares outstanding at the end of the period |  | 18 000.0000 |
| Quarterly Distribution 1 |  |  |
| UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD)	Ex-Date | Pay-Date | Currency	Amount per share |
| P-qdist	15.6.2020 | 18.6.2020 | USD	0.98 |
| P-qdist	15.9.2020 | 18.9.2020 | USD	1.31 |
| (HKD) P-qdist	15.6.2020 | 18.6.2020 | HKD	9.88 |
| (HKD) P-qdist	15.9.2020 | 18.9.2020 | HKD	13.18 |
| 1  See note 5 |  |  |

UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD) Semi-Annual Report as of 30 November 2020

## Statement of Investments in Securities and other Net Assets as of 30 November 2020
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ABBOTT LABORATORIES 3.40000% 16-30.11.23 | 1 425 000.00 | 1 545 919.52 | 1.63 |
| USD	ADOBE INC 1.70000% 20-01.02.23 | 1 525 000.00 | 1 572 650.61 | 1.65 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.50000% 20-15.09.23 | 1 400 000.00 | 1 499 067.08 | 1.58 |
| USD	AIR LEASE CORP 3.00000% 16-15.09.23 | 500 000.00 | 518 387.35 | 0.55 |
| USD	APPLE INC 1.70000% 19-11.09.22 | 1 500 000.00 | 1 539 082.80 | 1.62 |
| USD	BALL CORP 4.00000% 13-15.11.23 | 650 000.00 | 692 718.00 | 0.73 |
| USD	BARCLAYS PLC 3.68400% 17-10.01.23 | 1 575 000.00 | 1 625 399.84 | 1.71 |
| USD	BERKSHIRE HATHAWAY INC 2.75000% 16-15.03.23 | 1 475 000.00 | 1 550 647.44 | 1.63 |
| USD	BOEING CO 4.50800% 20-01.05.23 | 1 325 000.00 | 1 417 257.90 | 1.49 |
| USD	BOSTON PROPERTIES LP 3.85000% 12-01.02.23 | 1 500 000.00 | 1 595 740.20 | 1.68 |
| USD	CANARA BANK/LONDON-REG-S 3.87500% 19-28.03.24 | 1 500 000.00 | 1 576 406.25 | 1.66 |
| USD	CENTURYLINK INC 6.75000% 13-01.12.23 | 225 000.00 | 249 536.25 | 0.26 |
| USD	CENTURYLINK INC 7.50000% 16-01.04.24 | 1 700 000.00 | 1 904 000.00 | 2.00 |
| USD	CHINA CINDA FINANCE (2014) LTD-REG-S 5.62500% 14-14.05.24 | 200 000.00 | 225 250.00 | 0.24 |
| USD	CIGNA CORP 3.75000% 19-15.07.23 | 1 243 000.00 | 1 345 550.11 | 1.42 |
| USD	CIT GROUP INC 5.00000% 13-01.08.23 | 500 000.00 | 542 500.00 | 0.57 |
| USD	COMCAST CORP 3.70000% 18-15.04.24 | 1 475 000.00 | 1 624 681.23 | 1.71 |
| USD	CORECIVIC INC 4.62500% 13-01.05.23 | 500 000.00 | 470 000.00 | 0.49 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 6.50000% 19-08.04.24 | 1 050 000.00 | 1 128 750.00 | 1.19 |
| USD	CREDIT SUISSE GROUP AG-144A 3.57400% 17-09.01.23 | 750 000.00 | 774 068.70 | 0.81 |
| USD	CVS HEALTH CORP 3.70000% 18-09.03.23 | 647 000.00 | 692 225.30 | 0.73 |
| USD	EXPORT-IMPORT BANK OF KOREA 4.00000% 14-14.01.24 | 575 000.00 | 631 601.56 | 0.66 |
| USD	FANTASIA HOLDINGS GROUP CO LTD-REG-S 10.87500% 20-09.01.23 | 1 300 000.00 | 1 340 218.75 | 1.41 |
| USD	FIFTH THIRD BANCORP 3.65000% 19-25.01.24 | 750 000.00 | 816 588.37 | 0.86 |
| USD	FORD MOTOR CREDIT CO LLC 5.58400% 19-18.03.24 | 900 000.00 | 966 375.00 | 1.02 |
| USD	GENERAL MOTORS FINANCIAL CO INC 3.95000% 17-13.04.24 | 500 000.00 | 543 026.05 | 0.57 |
| USD	GLAXOSMITHKLINE CAPITAL INC 3.37500% 18-15.05.23 | 1 450 000.00 | 1 557 171.53 | 1.64 |
| USD	GOLDMAN SACHS GROUP INC/THE 3.20000% 18-23.02.23 | 775 000.00 | 820 543.34 | 0.86 |
| USD	HCA INC 5.87500% 12-01.05.23 | 1 550 000.00 | 1 695 312.50 | 1.78 |
| USD	INDONESIA, REPUBLIC OF 4.45000% 18-11.02.24 | 200 000.00 | 221 750.00 | 0.23 |
| USD	INTERNATIONAL GAME TECHNOLOGY PLC-144A 6.25000% 15-15.02.22 | 316 000.00 | 325 100.80 | 0.34 |
| USD	JPMORGAN CHASE & CO 2.70000% 16-18.05.23 | 1 525 000.00 | 1 605 562.70 | 1.69 |
| USD	KAISA GROUP HOLDINGS LTD-REG-S 11.50000% 19-30.01.23 | 1 350 000.00 | 1 393 453.13 | 1.47 |
| USD	KB HOME 7.62500% 15-15.05.23 | 825 000.00 | 911 625.00 | 0.96 |
| USD	LENNAR CORP 4.87500% 15-15.12.23 | 450 000.00 | 497 025.00 | 0.52 |
| USD	LEVEL 3 FINANCING INC 5.37500% 16-15.01.24 | 225 000.00 | 226 575.00 | 0.24 |
| USD	LOGAN PROPERTY HOLDINGS CO LTD-REG-S 5.25000% 17-23.02.23 | 225 000.00 | 227 250.00 | 0.24 |
| USD	MGM RESORTS INTL 7.75000% 12-15.03.22 | 475 000.00 | 507 157.50 | 0.53 |
| USD	MOLINA HEALTHCARE INC 5.37500% 16-15.11.22 | 1 350 000.00 | 1 420 875.00 | 1.50 |
| USD	NEW METRO GLOBAL LTD-REG-S 6.80000% 20-05.08.23 | 800 000.00 | 832 500.00 | 0.88 |
| USD	QUALCOMM INC 2.60000% 17-30.01.23 | 306 000.00 | 320 385.92 | 0.34 |
| USD	RABOBANK NEDERLAND-SUB 4.62500% 13-01.12.23 | 1 525 000.00 | 1 697 395.46 | 1.79 |
| USD	REDSUN PROPERTIES GROUP LTD-REG-S 9.70000% 20-16.04.23 | 675 000.00 | 697 570.31 | 0.73 |
| USD	RONSHINE CHINA HOLDINGS LTD-REG-S 8.10000% 19-09.06.23 | 675 000.00 | 690 398.43 | 0.73 |
| USD	SHIMAO PROPERTY HOLDINGS LTD-REG-S 6.12500% 19-21.02.24 | 375 000.00 | 397 031.25 | 0.42 |
| USD	SPRINGLEAF FINANCE CORP 5.62500% 17-15.03.23 | 1 425 000.00 | 1 514 062.50 | 1.59 |
| USD	SPRINT CORP 7.87500% 14-15.09.23 | 1 525 000.00 | 1 758 852.19 | 1.85 |
| USD	T-MOBILE USA INC 6.00000% 16-15.04.24 | 875 000.00 | 891 738.75 | 0.94 |
| USD	TRUIST BANK 2.45000% 17-01.08.22 | 1 525 000.00 | 1 577 382.68 | 1.66 |
| USD	US BANCORP 3.37500% 19-05.02.24 | 1 100 000.00 | 1 192 806.34 | 1.26 |
| USD	YANLORD LAND HK CO LTD-REG-S 6.80000% 19-27.02.24 | 600 000.00 | 628 312.50 | 0.66 |
| Total USD |  | 51 995 486.14 | 54.72 |
| Total Notes, fixed rate |  | 51 995 486.14 | 54.72 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	BK OF AMERICA CORP 3.004%/VAR 18-20.12.23 | 3 050 000.00 | 3 202 744.00 | 3.37 |
| USD	CITIGROUP INC 2.876%/VAR 17-24.07.23 | 1 550 000.00 | 1 610 264.00 | 1.70 |
| USD	HSBC HOLDINGS PLC 3.262%/VAR 17-13.03.23 | 1 575 000.00 | 1 628 920.92 | 1.71 |
| USD	LLOYDS BANKING GROUP PLC 2.907%/3M LIBOR+81BP 17-07.11.23 | 1 575 000.00 | 1 644 323.94 | 1.73 |
| Total USD |  | 8 086 252.86 | 8.51 |
| Total Notes, floating rate |  | 8 086 252.86 | 8.51 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BANK OF CHINA/HONG KONG-REG-S 3.12500% 19-17.04.24 | 200 000.00 | 212 000.00 | 0.22 |
| USD	BANKOK BANK PCL HONG KONG-REG-S 4.05000% 18-19.03.24 | 200 000.00 | 217 000.00 | 0.23 |
| USD	BOC AVIATION LTD-REG-S 4.00000% 19-25.01.24 | 1 375 000.00 | 1 458 985.00 | 1.53 |
| USD	BOCOM LEASING MGT HONG KONG-REG-S 4.37500% 19-22.01.24 | 200 000.00 | 214 375.00 | 0.23 |
| USD	CCBL CAYMAN 1 CORP LTD-REG-S 2.75000% 16-31.05.21 | 1 250 000.00 | 1 257 421.88 | 1.32 |
| USD	GLP CHINA HOLDINGS LTD-REG-S 4.97400% 19-26.02.24 | 975 000.00 | 1 036 546.87 | 1.09 |
| USD	GREENLAND GLOBAL INVESTMENT LTD-REG-S 6.75000% 19-26.09.23 | 1 125 000.00 | 1 035 703.13 | 1.09 |
| USD	HUARONG FINANCE-REG-S 3.37500% 19-29.05.22 | 675 000.00 | 689 554.69 | 0.73 |
| USD	ICBCIL FINANCE CO LTD-REG-S 3.75000% 19-05.03.24 | 200 000.00 | 212 687.50 | 0.22 |
| USD	INDONESIA EXIMBANK-REG-S 3.87500% 17-06.04.24 | 225 000.00 | 240 890.63 | 0.25 |
| USD	KASIKORNBANK PCL/HONG KONG-REG-S 3.25600% 18-12.07.23 | 200 000.00 | 210 937.50 | 0.22 |
| USD	KWG GROUP HOLDINGS LTD-REG-S 7.40000% 19-05.03.24 | 875 000.00 | 927 500.00 | 0.98 |

UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD) Semi-Annual Report as of 30 November 2020
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 225 000.00 | 259 875.00 | 0.27 |
| USD | MORGAN STANLEY-SUB 4.10000% 13-22.05.23 | 1 525 000.00 | 1 651 296.23 | 1.74 |
| USD | RHB BANK BHD-REG-S 3.76600% 19-19.02.24 | 200 000.00 | 214 875.00 | 0.23 |
| USD | SIAM COMMERCIAL BK CAYMAN ISLAND-REG-S 3.90000% 19-11.02.24 | 200 000.00 | 215 062.50 | 0.23 |
| USD | WELLS FARGO & CO 3.75000% 19-24.01.24 | 750 000.00 | 814 773.60 | 0.86 |
| Total USD |  |  | 10 869 484.53 | 11.44 |
| Total Medium term notes, fixed rate |  | 10 869 484.53 | 11.44 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ALLY FINANCIAL INC 4.62500% 15-19.05.22 | 650 000.00 | 687 589.30 | 0.72 |
| USD	BAIDU INC 3.87500% 18-29.09.23 | 200 000.00 | 214 625.00 | 0.23 |
| USD	BRASKEM FINANCE LTD 6.45000% 14-03.02.24 | 500 000.00 | 544 010.00 | 0.57 |
| USD	CGNPC INTERNATIONAL LTD-REG-S 3.87500% 18-11.09.23 | 325 000.00 | 347 660.92 | 0.37 |
| USD	CHINA SCE PROPERTY HOLDINGS LTD-REG-S 7.37500% 19-09.04.24 | 225 000.00 | 234 140.63 | 0.25 |
| USD	COMPETITION TEAM TECHNOLOGIES LTD-REG-S 3.75000% 19-12.03.24 | 500 000.00 | 537 187.50 | 0.57 |
| USD	DEVELOPMENT BANK OF MONGOLIA LLC-REG-S 7.25000% 18-23.10.23 | 200 000.00 | 213 687.50 | 0.23 |
| USD	EASY TACTIC LTD-REG-S 8.62500% 19-27.02.24 | 2 050 000.00 | 1 796 953.13 | 1.89 |
| USD	JABABEKA INTERNATIONAL BV-REG-S 6.50000% 16-05.10.23 | 500 000.00 | 460 625.00 | 0.48 |
| USD	KOREA, REPUBLIC OF 3.87500% 13-11.09.23 | 300 000.00 | 327 468.75 | 0.34 |
| USD	MINERA Y METALURGICA DEL BOLEO-REG-S 3.25000% 19-17.04.24 | 850 000.00 | 903 390.63 | 0.95 |
| USD	STATE GRID OVERSEAS INV 2013 LTD-REG-S 3.12500% 13-22.05.23 | 200 000.00 | 210 375.00 | 0.22 |
| USD	SUNAC CHINA HOLDINGS LTD-REG-S 7.50000% 19-01.02.24 | 225 000.00 | 229 359.37 | 0.24 |
| USD	YUZHOU PROPERTIES CO LTD-REG-S 8.50000% 19-26.02.24 | 1 525 000.00 | 1 625 554.69 | 1.71 |
| Total USD |  | 8 332 627.42 | 8.77 |
| Total Bonds, fixed rate |  | 8 332 627.42 | 8.77 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 79 283 850.95 | 83.44 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ALBERTSONS COS LLC / SAFEWAY INC-144A 3.50000% 20-15.02.23 | 900 000.00 | 922 500.00 | 0.97 |
| USD	BERRY PLASTICS CORP 5.12500% 15-15.07.23 | 191 555.00 | 193 949.44 | 0.20 |
| USD	BRISTOL-MYERS SQUIBB CO 3.25000% 20-20.02.23 | 966 000.00 | 1 025 337.42 | 1.08 |
| USD	COGENT COMMUNICATIONS GROUP INC-144A 5.37500% 15-01.03.22 | 575 000.00 | 589 927.00 | 0.62 |
| USD	EMC CORP 3.37500% 13-01.06.23 | 1 925 000.00 | 1 987 562.50 | 2.09 |
| USD	MERITOR INC 6.25000% 14-15.02.24 | 225 000.00 | 229 556.25 | 0.24 |
| USD	NETFLIX INC 5.75000% 14-01.03.24 | 1 650 000.00 | 1 856 258.25 | 1.95 |
| USD	NIELSEN FINANCE LLC/CO-144A 5.00000% 14-15.04.22 | 81 000.00 | 81 000.00 | 0.09 |
| USD	NORDEA BANK ABP-144A 3.75000% 18-30.08.23 | 1 700 000.00 | 1 839 057.45 | 1.94 |
| USD	OWENS-BROCKWAY GLASS CONTAINER INC-144A 5.87500% 15-15.08.23 | 900 000.00 | 967 500.00 | 1.02 |
| USD	PRESTIGE BRANDS INC-144A 6.37500% 16-01.03.24 | 425 000.00 | 435 531.50 | 0.46 |
| USD	PRICOA GLOBAL FUNDING I-144A 2.45000% 17-21.09.22 | 509 000.00 | 528 111.47 | 0.56 |
| USD	SEALED AIR CORP-144A 5.25000% 13-01.04.23 | 1 475 000.00 | 1 568 588.75 | 1.65 |
| USD	VALEANT PHARMACEUTICALS INTL-144A 7.00000% 17-15.03.24 | 225 000.00 | 231 862.50 | 0.24 |
| USD	YUM BRANDS INC 3.87500% 13-01.11.23 | 900 000.00 | 943 614.00 | 0.99 |
| Total USD |  | 13 400 356.53 | 14.10 |
| Total Notes, fixed rate |  | 13 400 356.53 | 14.10 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 13 400 356.53 | 14.10 |
| Total investments in securities |  | 92 684 207.48 | 97.54 |
|  |  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets |  | 1 356 424.19 | 1.43 |
| Other assets and liabilities |  | 980 769.94 | 1.03 |
| Total net assets |  | 95 021 401.61 | 100.00 |

UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD) Semi-Annual Report as of 30 November 2020

Translation (ENFR, 2020-11-30):
# UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD)
| Données principales |  |
| --- | --- |
|  | ISIN | 30.11.2020 | 31.5.2020 |
| Actif net en USD |  | 95 021 401.61 | 100 052 940.59 |
| Catégorie P-qdist 1 | LU2100412902 |  |  |
| Actions en circulation |  | 852 543.6160 | 915 543.6160 |
| Valeur nette d’inventaire par action en USD |  | 108.50 | 106.58 |
| Prix d’émission et de rachat par action en USD 2 |  | 108.50 | 106.58 |
| Catégorie (HKD) P-qdist 1 | LU2100413033 |  |  |
| Actions en circulation |  | 18 000.0000 | 18 000.0000 |
| Valeur nette d’inventaire par action en HKD |  | 1 084.38 | 1 065.15 |
| Prix d’émission et de rachat par action en HKD 2 |  | 1 084.38 | 1 065.15 |
| 1  Première VNI 24.3.2020 2  Voir note 1 |  |  |  |
| Structure du portefeuille-titres |  |  |  |

Répartition géographique en % de l’actif net	
Etats-Unis	58.28
Chine	12.59
Grande-Bretagne	7.16
Hong Kong	3.93
Iles Caïmans	2.35
Pays-Bas	2.27
Finlande	1.94
Irlande	1.58
Singapour	1.54
Îles Vierges britanniques	1.11
Corée du Sud	1.01
Mexique	0.95
Suisse	0.81
Bahamas	0.56
Mongolie	0.50
Indonésie	0.49
Canada	0.24
Malaisie	0.23
Total	97.54
Répartition économique en % de l’actif net	
Banques & instituts de crédit	25.53
Etablissements financiers et sociétés de participation	21.37
Immobilier	12.86
Télécommunications	6.82
Internet, logiciels et services informatiques	4.18
Produits pharmaceutiques, cosmétiques & médicaux	4.14
Equipement informatique et de réseau	3.71
Soins de santé & services sociaux	3.28
Bâtiment et matériaux de construction	2.60
Industrie de conditionnement	2.38
Industrie graphique, édition et médias	1.71
Restauration et loisirs	1.53
Industrie aéronautique et spatiale	1.49
Assurances	1.42
Services divers	1.02
Industrie minière, charbon et acier	0.95
Gouvernements nationaux et centraux	0.85
Emetteurs d’obligations sécurisées (Pfandbriefe) et
sociétés de refinancement	0.55
Diverses sociétés commerciales	0.54
Distribution d’énergie & d’eau	0.37
Véhicules	0.24
Total	97.54
UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD) Rapport semestriel au 30 novembre 2020

## Etat des actifs nets
Actif	30.11.2020
USD
Portefeuille-titres, cours d’achat	86 054 064.80
| Portefeuille-titres, plus-/(moins)-value non réalisée | 	6 630 142.68	 |
| --- | --- |
| Total du Portefeuille-titres (note 1) | 92 684 207.48 |
| Avoirs en banque, dépôts à vue et à terme | 1 356 424.19 |
| Intérêts à recevoir sur titres | 1 013 967.20 |
| Total de l’Actif | 95 054 598.87 |
|  |  |
| Passif |  |
| Provisions pour commission de gestion forfaitaire (note 2) | -23 565.18 |
| Provisions pour taxe d’abonnement (note 3) | -7 875.44 |
| Provisions pour autres commissions et frais (note 2) | 	-1 756.64	 |
| Total des Provisions pour frais | -33 197.26 |
| Total du Passif | -33 197.26 |
|  |  |
| Actif net à la fin de la période | 95 021 401.61 |
| Etat des opérations | USD |
| Revenus | 1.6.2020-30.11.2020 |
| Intérêts sur titres | 2 202 048.76 |
| Autres revenus (note 4) | 29 860.00 |
| Total des Revenus | 2 231 908.76 |
|  |  |
| Charges |  |
| Commission de gestion forfaitaire (note 2) | -297 751.11 |
| Taxe d’abonnement (note 3) | -24 782.56 |
| Autres commissions et frais (note 2) | -4 377.66 |
| Total des Charges | -326 911.33 |
|  |  |
| Revenus/pertes net(te)s de placements | 1 904 997.43 |
|  |  |
| Bénéfices/(pertes) réalisé(e)s (note 1) |  |
| Bénéfice/(perte) réalisé(e) sur titres évalués à la valeur de marché hors options | 911 574.05 |
| Bénéfice/(perte) de change réalisé(e) | -175.90 |
| Total des Bénéfices/(pertes) réalisé(e)s | 911 398.15 |
|  |  |
| Bénéfice/(perte) net(te) réalisé(e) au cours de la période | 2 816 395.58 |
|  |  |
| Fluctuations de la plus-/(moins)-value non réalisée (note 1) |  |
| Plus-/(moins)-value non réalisée sur titres évalués à la valeur de marché hors options | 1 058 862.84 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 1 058 862.84 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 3 875 258.42 |

UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD) Rapport semestriel au 30 novembre 2020
| Fluctuations de l’actif net |  |
| --- | --- |
|  | USD |
|  | 1.6.2020-30.11.2020 |
| Actif net au début de la période | 100 052 940.59 |
| Rachats | 	-6 812 975.00	 |
| Total Rachats | -6 812 975.00 |
| Dividendes versés | -2 093 822.40 |
| Revenus/pertes net(te)s de placements | 1 904 997.43 |
| Total des Bénéfices/(pertes) réalisé(e)s | 911 398.15 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 	1 058 862.84	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 3 875 258.42 |
| Actif net à la fin de la période | 95 021 401.61 |

| Evolution des actions en circulation |  |
| --- | --- |
|  | 1.6.2020-30.11.2020 |
| Catégorie | P-qdist |
| Nombre d’actions en circulation au début de la période | 915 543.6160 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -63 000.0000 |
| Nombre d’actions en circulation à la fin de la période | 852 543.6160 |
| Catégorie | (HKD) P-qdist |
| Nombre d’actions en circulation au début de la période | 18 000.0000 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 18 000.0000 |

| Distribution trimestrielle 1 |  |
| --- | --- |
| UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD) | Date de détachement | Date de versement | Devise | Montant par action |
| P-qdist | 15.6.2020 | 18.6.2020 | USD | 0.98 |
| P-qdist | 15.9.2020 | 18.9.2020 | USD | 1.31 |
| (HKD) P-qdist | 15.6.2020 | 18.6.2020 | HKD | 9.88 |
| (HKD) P-qdist | 15.9.2020 | 18.9.2020 | HKD | 13.18 |
| 1  Voir note 5 |  |  |  |  |

UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD) Rapport semestriel au 30 novembre 2020

## Etat du portefeuille-titres et autres actifs nets au 30 novembre 2020
| Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
| Titres et instruments du marché monétaire négociés sur une bourse officielle |  |  |  |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	ABBOTT LABORATORIES 3.40000% 16-30.11.23 | 1 425 000.00 | 1 545 919.52 | 1.63 |
| USD	ADOBE INC 1.70000% 20-01.02.23 | 1 525 000.00 | 1 572 650.61 | 1.65 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.50000% 20-15.09.23 | 1 400 000.00 | 1 499 067.08 | 1.58 |
| USD	AIR LEASE CORP 3.00000% 16-15.09.23 | 500 000.00 | 518 387.35 | 0.55 |
| USD	APPLE INC 1.70000% 19-11.09.22 | 1 500 000.00 | 1 539 082.80 | 1.62 |
| USD	BALL CORP 4.00000% 13-15.11.23 | 650 000.00 | 692 718.00 | 0.73 |
| USD	BARCLAYS PLC 3.68400% 17-10.01.23 | 1 575 000.00 | 1 625 399.84 | 1.71 |
| USD	BERKSHIRE HATHAWAY INC 2.75000% 16-15.03.23 | 1 475 000.00 | 1 550 647.44 | 1.63 |
| USD	BOEING CO 4.50800% 20-01.05.23 | 1 325 000.00 | 1 417 257.90 | 1.49 |
| USD	BOSTON PROPERTIES LP 3.85000% 12-01.02.23 | 1 500 000.00 | 1 595 740.20 | 1.68 |
| USD	CANARA BANK/LONDON-REG-S 3.87500% 19-28.03.24 | 1 500 000.00 | 1 576 406.25 | 1.66 |
| USD	CENTURYLINK INC 6.75000% 13-01.12.23 | 225 000.00 | 249 536.25 | 0.26 |
| USD	CENTURYLINK INC 7.50000% 16-01.04.24 | 1 700 000.00 | 1 904 000.00 | 2.00 |
| USD	CHINA CINDA FINANCE (2014) LTD-REG-S 5.62500% 14-14.05.24 | 200 000.00 | 225 250.00 | 0.24 |
| USD	CIGNA CORP 3.75000% 19-15.07.23 | 1 243 000.00 | 1 345 550.11 | 1.42 |
| USD	CIT GROUP INC 5.00000% 13-01.08.23 | 500 000.00 | 542 500.00 | 0.57 |
| USD	COMCAST CORP 3.70000% 18-15.04.24 | 1 475 000.00 | 1 624 681.23 | 1.71 |
| USD	CORECIVIC INC 4.62500% 13-01.05.23 | 500 000.00 | 470 000.00 | 0.49 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 6.50000% 19-08.04.24 | 1 050 000.00 | 1 128 750.00 | 1.19 |
| USD	CREDIT SUISSE GROUP AG-144A 3.57400% 17-09.01.23 | 750 000.00 | 774 068.70 | 0.81 |
| USD	CVS HEALTH CORP 3.70000% 18-09.03.23 | 647 000.00 | 692 225.30 | 0.73 |
| USD	EXPORT-IMPORT BANK OF KOREA 4.00000% 14-14.01.24 | 575 000.00 | 631 601.56 | 0.66 |
| USD	FANTASIA HOLDINGS GROUP CO LTD-REG-S 10.87500% 20-09.01.23 | 1 300 000.00 | 1 340 218.75 | 1.41 |
| USD	FIFTH THIRD BANCORP 3.65000% 19-25.01.24 | 750 000.00 | 816 588.37 | 0.86 |
| USD	FORD MOTOR CREDIT CO LLC 5.58400% 19-18.03.24 | 900 000.00 | 966 375.00 | 1.02 |
| USD	GENERAL MOTORS FINANCIAL CO INC 3.95000% 17-13.04.24 | 500 000.00 | 543 026.05 | 0.57 |
| USD	GLAXOSMITHKLINE CAPITAL INC 3.37500% 18-15.05.23 | 1 450 000.00 | 1 557 171.53 | 1.64 |
| USD	GOLDMAN SACHS GROUP INC/THE 3.20000% 18-23.02.23 | 775 000.00 | 820 543.34 | 0.86 |
| USD	HCA INC 5.87500% 12-01.05.23 | 1 550 000.00 | 1 695 312.50 | 1.78 |
| USD	INDONESIA, REPUBLIC OF 4.45000% 18-11.02.24 | 200 000.00 | 221 750.00 | 0.23 |
| USD	INTERNATIONAL GAME TECHNOLOGY PLC-144A 6.25000% 15-15.02.22 | 316 000.00 | 325 100.80 | 0.34 |
| USD	JPMORGAN CHASE & CO 2.70000% 16-18.05.23 | 1 525 000.00 | 1 605 562.70 | 1.69 |
| USD	KAISA GROUP HOLDINGS LTD-REG-S 11.50000% 19-30.01.23 | 1 350 000.00 | 1 393 453.13 | 1.47 |
| USD	KB HOME 7.62500% 15-15.05.23 | 825 000.00 | 911 625.00 | 0.96 |
| USD	LENNAR CORP 4.87500% 15-15.12.23 | 450 000.00 | 497 025.00 | 0.52 |
| USD	LEVEL 3 FINANCING INC 5.37500% 16-15.01.24 | 225 000.00 | 226 575.00 | 0.24 |
| USD	LOGAN PROPERTY HOLDINGS CO LTD-REG-S 5.25000% 17-23.02.23 | 225 000.00 | 227 250.00 | 0.24 |
| USD	MGM RESORTS INTL 7.75000% 12-15.03.22 | 475 000.00 | 507 157.50 | 0.53 |
| USD	MOLINA HEALTHCARE INC 5.37500% 16-15.11.22 | 1 350 000.00 | 1 420 875.00 | 1.50 |
| USD	NEW METRO GLOBAL LTD-REG-S 6.80000% 20-05.08.23 | 800 000.00 | 832 500.00 | 0.88 |
| USD	QUALCOMM INC 2.60000% 17-30.01.23 | 306 000.00 | 320 385.92 | 0.34 |
| USD	RABOBANK NEDERLAND-SUB 4.62500% 13-01.12.23 | 1 525 000.00 | 1 697 395.46 | 1.79 |
| USD	REDSUN PROPERTIES GROUP LTD-REG-S 9.70000% 20-16.04.23 | 675 000.00 | 697 570.31 | 0.73 |
| USD	RONSHINE CHINA HOLDINGS LTD-REG-S 8.10000% 19-09.06.23 | 675 000.00 | 690 398.43 | 0.73 |
| USD	SHIMAO PROPERTY HOLDINGS LTD-REG-S 6.12500% 19-21.02.24 | 375 000.00 | 397 031.25 | 0.42 |
| USD	SPRINGLEAF FINANCE CORP 5.62500% 17-15.03.23 | 1 425 000.00 | 1 514 062.50 | 1.59 |
| USD	SPRINT CORP 7.87500% 14-15.09.23 | 1 525 000.00 | 1 758 852.19 | 1.85 |
| USD	T-MOBILE USA INC 6.00000% 16-15.04.24 | 875 000.00 | 891 738.75 | 0.94 |
| USD	TRUIST BANK 2.45000% 17-01.08.22 | 1 525 000.00 | 1 577 382.68 | 1.66 |
| USD	US BANCORP 3.37500% 19-05.02.24 | 1 100 000.00 | 1 192 806.34 | 1.26 |
| USD	YANLORD LAND HK CO LTD-REG-S 6.80000% 19-27.02.24 | 600 000.00 | 628 312.50 | 0.66 |
| Total USD |  | 51 995 486.14 | 54.72 |
| Total des Billets, taux fixe |  | 51 995 486.14 | 54.72 |
| Billets, taux variable |  |  |  |
| USD |  |  |  |
| USD	BK OF AMERICA CORP 3.004%/VAR 18-20.12.23 | 3 050 000.00 | 3 202 744.00 | 3.37 |
| USD	CITIGROUP INC 2.876%/VAR 17-24.07.23 | 1 550 000.00 | 1 610 264.00 | 1.70 |
| USD	HSBC HOLDINGS PLC 3.262%/VAR 17-13.03.23 | 1 575 000.00 | 1 628 920.92 | 1.71 |
| USD	LLOYDS BANKING GROUP PLC 2.907%/3M LIBOR+81BP 17-07.11.23 | 1 575 000.00 | 1 644 323.94 | 1.73 |
| Total USD |  | 8 086 252.86 | 8.51 |
| Total des Billets, taux variable |  | 8 086 252.86 | 8.51 |
| Medium-Term Notes, taux fixe |  |  |  |
| USD |  |  |  |
| USD	BANK OF CHINA/HONG KONG-REG-S 3.12500% 19-17.04.24 | 200 000.00 | 212 000.00 | 0.22 |
| USD	BANKOK BANK PCL HONG KONG-REG-S 4.05000% 18-19.03.24 | 200 000.00 | 217 000.00 | 0.23 |
| USD	BOC AVIATION LTD-REG-S 4.00000% 19-25.01.24 | 1 375 000.00 | 1 458 985.00 | 1.53 |
| USD	BOCOM LEASING MGT HONG KONG-REG-S 4.37500% 19-22.01.24 | 200 000.00 | 214 375.00 | 0.23 |
| USD	CCBL CAYMAN 1 CORP LTD-REG-S 2.75000% 16-31.05.21 | 1 250 000.00 | 1 257 421.88 | 1.32 |
| USD	GLP CHINA HOLDINGS LTD-REG-S 4.97400% 19-26.02.24 | 975 000.00 | 1 036 546.87 | 1.09 |
| USD	GREENLAND GLOBAL INVESTMENT LTD-REG-S 6.75000% 19-26.09.23 | 1 125 000.00 | 1 035 703.13 | 1.09 |
| USD	HUARONG FINANCE-REG-S 3.37500% 19-29.05.22 | 675 000.00 | 689 554.69 | 0.73 |
| USD	ICBCIL FINANCE CO LTD-REG-S 3.75000% 19-05.03.24 | 200 000.00 | 212 687.50 | 0.22 |
| USD	INDONESIA EXIMBANK-REG-S 3.87500% 17-06.04.24 | 225 000.00 | 240 890.63 | 0.25 |
| USD	KASIKORNBANK PCL/HONG KONG-REG-S 3.25600% 18-12.07.23 | 200 000.00 | 210 937.50 | 0.22 |
| USD	KWG GROUP HOLDINGS LTD-REG-S 7.40000% 19-05.03.24 | 875 000.00 | 927 500.00 | 0.98 |

UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD) Rapport semestriel au 30 novembre 2020
|  | Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
|  |  |  |  |  |
| USD | MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 225 000.00 | 259 875.00 | 0.27 |
| USD | MORGAN STANLEY-SUB 4.10000% 13-22.05.23 | 1 525 000.00 | 1 651 296.23 | 1.74 |
| USD | RHB BANK BHD-REG-S 3.76600% 19-19.02.24 | 200 000.00 | 214 875.00 | 0.23 |
| USD | SIAM COMMERCIAL BK CAYMAN ISLAND-REG-S 3.90000% 19-11.02.24 | 200 000.00 | 215 062.50 | 0.23 |
| USD | WELLS FARGO & CO 3.75000% 19-24.01.24 | 750 000.00 | 814 773.60 | 0.86 |
| Total USD |  |  | 10 869 484.53 | 11.44 |
| Total des Medium-Term Notes, taux fixe |  | 10 869 484.53 | 11.44 |
| Obligations, taux fixe |  |  |  |
| USD |  |  |  |
| USD	ALLY FINANCIAL INC 4.62500% 15-19.05.22 | 650 000.00 | 687 589.30 | 0.72 |
| USD	BAIDU INC 3.87500% 18-29.09.23 | 200 000.00 | 214 625.00 | 0.23 |
| USD	BRASKEM FINANCE LTD 6.45000% 14-03.02.24 | 500 000.00 | 544 010.00 | 0.57 |
| USD	CGNPC INTERNATIONAL LTD-REG-S 3.87500% 18-11.09.23 | 325 000.00 | 347 660.92 | 0.37 |
| USD	CHINA SCE PROPERTY HOLDINGS LTD-REG-S 7.37500% 19-09.04.24 | 225 000.00 | 234 140.63 | 0.25 |
| USD	COMPETITION TEAM TECHNOLOGIES LTD-REG-S 3.75000% 19-12.03.24 | 500 000.00 | 537 187.50 | 0.57 |
| USD	DEVELOPMENT BANK OF MONGOLIA LLC-REG-S 7.25000% 18-23.10.23 | 200 000.00 | 213 687.50 | 0.23 |
| USD	EASY TACTIC LTD-REG-S 8.62500% 19-27.02.24 | 2 050 000.00 | 1 796 953.13 | 1.89 |
| USD	JABABEKA INTERNATIONAL BV-REG-S 6.50000% 16-05.10.23 | 500 000.00 | 460 625.00 | 0.48 |
| USD	KOREA, REPUBLIC OF 3.87500% 13-11.09.23 | 300 000.00 | 327 468.75 | 0.34 |
| USD	MINERA Y METALURGICA DEL BOLEO-REG-S 3.25000% 19-17.04.24 | 850 000.00 | 903 390.63 | 0.95 |
| USD	STATE GRID OVERSEAS INV 2013 LTD-REG-S 3.12500% 13-22.05.23 | 200 000.00 | 210 375.00 | 0.22 |
| USD	SUNAC CHINA HOLDINGS LTD-REG-S 7.50000% 19-01.02.24 | 225 000.00 | 229 359.37 | 0.24 |
| USD	YUZHOU PROPERTIES CO LTD-REG-S 8.50000% 19-26.02.24 | 1 525 000.00 | 1 625 554.69 | 1.71 |
| Total USD |  | 8 332 627.42 | 8.77 |
| Total des Obligations, taux fixe |  | 8 332 627.42 | 8.77 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 79 283 850.95 | 83.44 |
| Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  |  |  |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	ALBERTSONS COS LLC / SAFEWAY INC-144A 3.50000% 20-15.02.23 | 900 000.00 | 922 500.00 | 0.97 |
| USD	BERRY PLASTICS CORP 5.12500% 15-15.07.23 | 191 555.00 | 193 949.44 | 0.20 |
| USD	BRISTOL-MYERS SQUIBB CO 3.25000% 20-20.02.23 | 966 000.00 | 1 025 337.42 | 1.08 |
| USD	COGENT COMMUNICATIONS GROUP INC-144A 5.37500% 15-01.03.22 | 575 000.00 | 589 927.00 | 0.62 |
| USD	EMC CORP 3.37500% 13-01.06.23 | 1 925 000.00 | 1 987 562.50 | 2.09 |
| USD	MERITOR INC 6.25000% 14-15.02.24 | 225 000.00 | 229 556.25 | 0.24 |
| USD	NETFLIX INC 5.75000% 14-01.03.24 | 1 650 000.00 | 1 856 258.25 | 1.95 |
| USD	NIELSEN FINANCE LLC/CO-144A 5.00000% 14-15.04.22 | 81 000.00 | 81 000.00 | 0.09 |
| USD	NORDEA BANK ABP-144A 3.75000% 18-30.08.23 | 1 700 000.00 | 1 839 057.45 | 1.94 |
| USD	OWENS-BROCKWAY GLASS CONTAINER INC-144A 5.87500% 15-15.08.23 | 900 000.00 | 967 500.00 | 1.02 |
| USD	PRESTIGE BRANDS INC-144A 6.37500% 16-01.03.24 | 425 000.00 | 435 531.50 | 0.46 |
| USD	PRICOA GLOBAL FUNDING I-144A 2.45000% 17-21.09.22 | 509 000.00 | 528 111.47 | 0.56 |
| USD	SEALED AIR CORP-144A 5.25000% 13-01.04.23 | 1 475 000.00 | 1 568 588.75 | 1.65 |
| USD	VALEANT PHARMACEUTICALS INTL-144A 7.00000% 17-15.03.24 | 225 000.00 | 231 862.50 | 0.24 |
| USD	YUM BRANDS INC 3.87500% 13-01.11.23 | 900 000.00 | 943 614.00 | 0.99 |
| Total USD |  | 13 400 356.53 | 14.10 |
| Total des Billets, taux fixe |  | 13 400 356.53 | 14.10 |
| Total des Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  | 13 400 356.53 | 14.10 |
| Total du Portefeuille-titres |  | 92 684 207.48 | 97.54 |
|  |  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités |  | 1 356 424.19 | 1.43 |
| Autres actifs et passifs |  | 980 769.94 | 1.03 |
| Total de l’Actif net |  | 95 021 401.61 | 100.00 |

UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD) Rapport semestriel au 30 novembre 2020