# UBS (Lux) Bond SICAV – Global Inflation-linked (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| Net assets in USD |  | 179 271 760.38 | 157 652 769.82 | 135 939 223.47 |
| Class (CHF hedged) I-A1-acc | LU0455555184 |  |  |  |
| Shares outstanding |  | 71 439.9070 | 66 424.0000 | 77 715.0000 |
| Net asset value per share in CHF |  | 109.42 | 105.09 | 102.09 |
| Issue and redemption price per share in CHF 1 |  | 109.42 | 105.09 | 102.09 |
| Class (CHF hedged) I-A1-dist | LU0455555267 |  |  |  |
| Shares outstanding |  | 112 937.0000 | 121 607.0000 | 118 877.0000 |
| Net asset value per share in CHF |  | 101.59 | 98.99 | 97.23 |
| Issue and redemption price per share in CHF 1 |  | 101.59 | 98.99 | 97.23 |
| Class I-A2-acc 2 | LU0455552322 |  |  |  |
| Shares outstanding |  | - | - | 33 750.0000 |
| Net asset value per share in USD |  | - | - | 108.09 |
| Issue and redemption price per share in USD 1 |  | - | - | 108.09 |
| Class I-A3-acc | LU0455552678 |  |  |  |
| Shares outstanding |  | 2 467.0000 | 4 120.0000 | 3 608.0000 |
| Net asset value per share in USD |  | 125.91 | 120.09 | 112.97 |
| Issue and redemption price per share in USD 1 |  | 125.91 | 120.09 | 112.97 |
| Class (CHF hedged) I-A3-acc | LU0455555697 |  |  |  |
| Shares outstanding |  | 5 000.0000 | 5 000.0000 | 5 000.0000 |
| Net asset value per share in CHF |  | 109.04 | 104.67 | 101.59 |
| Issue and redemption price per share in CHF 1 |  | 109.04 | 104.67 | 101.59 |
| Class (EUR hedged) I-A3-acc | LU0455558790 |  |  |  |
| Shares outstanding |  | 8 483.0000 | 7 925.0000 | 7 090.0000 |
| Net asset value per share in EUR |  | 112.82 | 108.19 | 104.60 |
| Issue and redemption price per share in EUR 1 |  | 112.82 | 108.19 | 104.60 |
| Class (CHF hedged) I-B-acc | LU0455555853 |  |  |  |
| Shares outstanding |  | 38 549.0160 | 41 324.2830 | 41 324.2830 |
| Net asset value per share in CHF |  | 114.93 | 110.11 | 106.47 |
| Issue and redemption price per share in CHF 1 |  | 114.93 | 110.11 | 106.47 |
| Class (EUR hedged) I-X-acc 3 | LU2069292600 |  |  |  |
| Shares outstanding |  | 102 542.0040 | 102 542.0040 | - |
| Net asset value per share in EUR |  | 105.43 | 100.88 | - |
| Issue and redemption price per share in EUR 1 |  | 105.43 | 100.88 | - |
| Class (EUR hedged) K-1-acc 4 | LU0455557396 |  |  |  |
| Shares outstanding |  | - | 0.7000 | 0.7000 |
| Net asset value per share in EUR |  | - | 3 714 533.94 | 3 596 845.34 |
| Issue and redemption price per share in EUR 1 |  | - | 3 714 533.94 | 3 596 845.34 |
| Class P-acc | LU0455550201 |  |  |  |
| Shares outstanding |  | 146 116.5650 | 136 644.3630 | 121 017.7720 |
| Net asset value per share in USD |  | 140.49 | 134.36 | 127.05 |
| Issue and redemption price per share in USD 1 |  | 140.49 | 134.36 | 127.05 |
| Class (CHF hedged) P-acc | LU0455553486 |  |  |  |
| Shares outstanding |  | 200 551.5860 | 203 584.3940 | 206 632.4860 |
| Net asset value per share in CHF |  | 119.03 | 114.57 | 111.79 |
| Issue and redemption price per share in CHF 1 |  | 119.03 | 114.57 | 111.79 |
| Class (EUR hedged) P-acc | LU0455556406 |  |  |  |
| Shares outstanding |  | 328 580.2140 | 280 233.9340 | 351 184.6770 |
| Net asset value per share in EUR |  | 125.57 | 120.75 | 117.36 |
| Issue and redemption price per share in EUR 1 |  | 125.57 | 120.75 | 117.36 |
| Class Q-acc | LU1240775160 |  |  |  |
| Shares outstanding |  | 24 580.8550 | 23 911.9500 | 32 339.5170 |
| Net asset value per share in USD |  | 124.55 | 118.87 | 111.96 |
| Issue and redemption price per share in USD 1 |  | 124.55 | 118.87 | 111.96 |
| Class (CHF hedged) Q-acc | LU1240774940 |  |  |  |
| Shares outstanding |  | 18 857.1350 | 19 946.0070 | 27 408.0230 |
| Net asset value per share in CHF |  | 109.30 | 105.00 | 102.04 |
| Issue and redemption price per share in CHF 1 |  | 109.30 | 105.00 | 102.04 |
| Class (EUR hedged) Q-acc | LU1240775087 |  |  |  |
| Shares outstanding |  | 272 678.0180 | 263 145.7200 | 115 035.6570 |
| Net asset value per share in EUR |  | 111.87 | 107.37 | 103.94 |
| Issue and redemption price per share in EUR 1 |  | 111.87 | 107.37 | 103.94 |
| 1  See note 1 2  The share class I-A2-acc was in circulation until 24.2.2020 3  First NAV: 30.10.2019 4  The share class (EUR hedged) K-1-acc was in circulation until 30.7.2020 |  |  |  |  |

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

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
United States	40.03
New Zealand	11.88
Italy	8.27
Japan	6.64
France	5.73
South Africa	2.92
United Kingdom	2.85
Mexico	2.76
Spain	2.43
Brazil	1.31
China	0.99
Luxembourg	0.64
Romania	0.63
Australia	0.63
The Netherlands	0.56
Greece	0.55
Germany	0.52
Ukraine	0.49
Ireland	0.45
Indonesia	0.35
Thailand	0.27
Turkey	0.26
Saudi Arabia	0.26
Hong Kong	0.23
Kazakhstan	0.23
Sweden	0.22
Argentina	0.21
Uruguay	0.17
Canada	0.16
Egypt	0.15
Colombia	0.15
Switzerland	0.13
Chile	0.13
Mongolia	0.13
Oman	0.10
Costa Rica	0.10
Peru	0.09
Ecuador	0.06
Economic Breakdown as a % of net assets	
Countries & central governments	83.91
Banks & credit institutions	1.80
Finance & holding companies	1.34
Mortgage & funding institutions	1.28
Petroleum	0.87
Insurance	0.76
Telecommunications	0.75
Real Estate	0.55
Miscellaneous unclassified companies	0.53
Traffic & transportation	0.39
Chemicals	0.23
Pharmaceuticals, cosmetics & medical products	0.23
Internet, software & IT services	0.20
Healthcare & social services	0.20
Computer hardware & network equipment providers	0.14
Energy & water supply	0.11
Tobacco & alcohol	0.07
Miscellaneous services	0.07
Electrical devices & components	0.07
Mechanical engineering & industrial equipment	0.07
Packaging industry	0.07
Food & soft drinks	0.04
Total	93.68
Total	93.68
UBS (Lux) Bond SICAV – Global Inflation-linked (USD) Semi-Annual Report as of 30 November 2020

## Statement of Net Assets
Assets	30.11.2020
USD
Investments in securities, cost	152 471 316.45
Investments in securities, unrealized appreciation (depreciation)		15 469 084.58	 Total investments in securities (Note 1)			167 940 401.03
Cash at banks, deposits on demand and deposit accounts	10 354 230.18*
Other liquid assets (Margins)	4 763 864.06
Receivable on subscriptions	495 438.85
Interest receivable on securities	982 165.73
Interest receivable on liquid assets	567.53
Other receivables	56 314.93
Total Assets	184 950 421.08
Liabilities
Unrealized gain on forward foreign exchange contracts (Note 1)	357 438.77
Unrealized loss on financial futures (Note 1)	-242 474.62
Unrealized loss on swaps (Note 1)	-2 986 494.98
Bank overdraft	-2 141 823.02
Payable on redemptions	-236 261.56
Provisions for flat fee (Note 2)	-51 579.42
Provisions for taxe d’abonnement (Note 3)	-12 126.98
Provisions for other commissions and fees (Note 2)		-7 900.12		 Total provisions			-71 606.52
Total Liabilities	-5 678 660.70
Net assets at the end of the period	179 271 760.38

## Statement of Operations
Income	1.6.2020-30.11.2020
USD
Interest on liquid assets	9 114.70
Interest on securities	1 562 132.55
Interest received on swaps (Note 1)	797 838.88
Income on securities lending (Note 12)	35 958.77
Total income	2 496 002.66
Expenses
Other income (Note 4)	90 957.76
Interest paid on swaps (Note 1)	-632 581.85
Flat fee (Note 2)	-606 310.25
Taxe d’abonnement (Note 3)	-37 487.19
Cost on securities lending (Note 12)	-14 383.51
Other commissions and fees (Note 2)	-7 790.82
Net income (loss) on investments	1 177 884.26
Total expenses	-1 318 118.40
Interest on cash and bank overdraft	-19 564.78
Realized gain (loss) (Note 1)
Realized gain (loss) on market-priced securities without options	1 333 514.99
Realized gain (loss) on financial futures	-333 041.11
Realized gain (loss) on forward foreign exchange contracts	3 397 103.55
Realized gain (loss) on swaps	2 567 675.73
Net realized gain (loss) of the period	7 831 489.77
Total realized gain (loss)	6 653 605.51
Realized gain (loss) on foreign exchange	-311 647.65
Changes in unrealized appreciation (depreciation) (Note 1)
Unrealized appreciation (depreciation) on market-priced securities without options	11 472 597.73
Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments	12 974.00
Unrealized appreciation (depreciation) on financial futures	-61 458.10
Unrealized appreciation (depreciation) on forward foreign exchange contracts	73 626.52
Total changes in unrealized appreciation (depreciation)	8 481 330.91
Unrealized appreciation (depreciation) on swaps	-3 016 409.24
Net increase (decrease) in net assets as a result of operations	16 312 820.68
* As at 30 November 2020, cash amounts serve as collateral for the counterparty JP Morgan for an amount of USD 480 000.00.
UBS (Lux) Bond SICAV – Global Inflation-linked (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 | 157 652 769.82 |
| Subscriptions | 45 611 024.78 |
| Redemptions | 	-40 115 523.90	 |
| Total net subscriptions (redemptions) | 5 495 500.88 |
| Dividend paid | -189 331.00 |
| Net income (loss) on investments | 1 177 884.26 |
| Total realized gain (loss) | 6 653 605.51 |
| Total changes in unrealized appreciation (depreciation) | 	8 481 330.91	 |
| Net increase (decrease) in net assets as a result of operations | 16 312 820.68 |
| Net assets at the end of the period | 179 271 760.38 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2020-30.11.2020 |
| Class | (CHF hedged) I-A1-acc |
| Number of shares outstanding at the beginning of the period | 66 424.0000 |
| Number of shares issued | 5 535.9070 |
| Number of shares redeemed | -520.0000 |
| Number of shares outstanding at the end of the period | 71 439.9070 |
| Class | (CHF hedged) I-A1-dist |
| Number of shares outstanding at the beginning of the period | 121 607.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -8 670.0000 |
| Number of shares outstanding at the end of the period | 112 937.0000 |
| Class | I-A3-acc |
| Number of shares outstanding at the beginning of the period | 4 120.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -1 653.0000 |
| Number of shares outstanding at the end of the period | 2 467.0000 |
| Class | (CHF hedged) I-A3-acc |
| Number of shares outstanding at the beginning of the period | 5 000.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 5 000.0000 |
| Class | (EUR hedged) I-A3-acc |
| Number of shares outstanding at the beginning of the period | 7 925.0000 |
| Number of shares issued | 558.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 8 483.0000 |
| Class | (CHF hedged) I-B-acc |
| Number of shares outstanding at the beginning of the period | 41 324.2830 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -2 775.2670 |
| Number of shares outstanding at the end of the period | 38 549.0160 |
| Class | (EUR hedged) I-X-acc |
| Number of shares outstanding at the beginning of the period | 102 542.0040 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 102 542.0040 |
| Class | (EUR hedged) K-1-acc |
| Number of shares outstanding at the beginning of the period | 0.7000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -0.7000 |
| Number of shares outstanding at the end of the period | 0.0000 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 136 644.3630 |
| Number of shares issued | 42 509.0340 |
| Number of shares redeemed | -33 036.8320 |
| Number of shares outstanding at the end of the period | 146 116.5650 |
| Class | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 203 584.3940 |
| Number of shares issued | 5 784.2570 |
| Number of shares redeemed | -8 817.0650 |
| Number of shares outstanding at the end of the period | 200 551.5860 |
| Class | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 280 233.9340 |
| Number of shares issued | 122 596.4090 |
| Number of shares redeemed | -74 250.1290 |
| Number of shares outstanding at the end of the period | 328 580.2140 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 23 911.9500 |
| Number of shares issued | 864.0580 |
| Number of shares redeemed | -195.1530 |
| Number of shares outstanding at the end of the period | 24 580.8550 |

UBS (Lux) Bond SICAV – Global Inflation-linked (USD) Semi-Annual Report as of 30 November 2020
| Class | (CHF hedged) Q-acc |
| --- | --- |
| Number of shares outstanding at the beginning of the period | 19 946.0070 |
| Number of shares issued | 4 119.0000 |
| Number of shares redeemed | -5 207.8720 |
| Number of shares outstanding at the end of the period | 18 857.1350 |
| Class | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 263 145.7200 |
| Number of shares issued | 153 105.5300 |
| Number of shares redeemed | -143 573.2320 |
| Number of shares outstanding at the end of the period | 272 678.0180 |

| Annual Distribution 1 |  |
| --- | --- |
| UBS (Lux) Bond SICAV – Global Inflation-linked (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| (CHF hedged) I-A1-dist 1  See note 5 | 3.8.2020 | 6.8.2020 | CHF | 1.45 |

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

## Statement of Investments in Securities and other Net Assets as of 30 November 2020
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Notes, fixed rate |  |  |  |
| BRL |  |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 10.00000% 16-01.01.27 | 9 300.00 | 1 939 813.85 | 1.08 |
| Total BRL |  | 1 939 813.85 | 1.08 |
| EUR |  |  |  |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 200 000.00 | 255 089.65 | 0.14 |
| EUR	ARDAGH PACKAGING FINANCE/MP-REG-S 2.12500% 19-15.08.26 | 100 000.00 | 119 623.85 | 0.07 |
| EUR	CHINA, PEOPLE’S REPUBLIC OF-REG-S 1.00000% 19-12.11.39 | 240 000.00 | 287 267.43 | 0.16 |
| EUR	FINANCIAL & RISK US HOLDINGS INC-REG-S 6.87500% 18-15.11.26 | 100 000.00 | 128 890.55 | 0.07 |
| EUR	LOXAM SAS-REG-S 3.75000% 19-15.07.26 | 100 000.00 | 119 895.13 | 0.07 |
| EUR	SOFTBANK GROUP CORP-REG-S 5.00000% 18-15.04.28 | 100 000.00 | 130 617.87 | 0.07 |
| EUR	UKRAINE, GOVERNMENT OF-REG-S 4.37500% 20-27.01.30 | 400 000.00 | 447 378.80 | 0.25 |
| Total EUR |  | 1 488 763.28 | 0.83 |
| USD |  |  |  |
| USD	ABBVIE INC 4.25000% 18-14.11.28 | 70 000.00 | 84 531.86 | 0.05 |
| USD	ABBVIE INC 4.87500% 18-14.11.48 | 50 000.00 | 68 095.20 | 0.04 |
| USD	AECOM TECHNOLOGY CORP 5.87500% 15-15.10.24 | 230 000.00 | 255 300.00 | 0.14 |
| USD	ALTRIA GROUP INC 4.40000% 19-14.02.26 | 65 000.00 | 75 290.33 | 0.04 |
| USD	ALTRIA GROUP INC 4.80000% 19-14.02.29 | 50 000.00 | 59 894.65 | 0.03 |
| USD	APT PIPELINES LTD-REG-S 4.20000% 15-23.03.25 | 100 000.00 | 110 204.00 | 0.06 |
| USD	ARGENTINA, REPUBLIC OF STEP-UP 20-09.07.35 | 291 000.00 | 101 995.50 | 0.06 |
| USD	ARGENTINA, REPUBLIC OF STEP-UP 20-09.01.38 | 140 203.00 | 55 380.18 | 0.03 |
| USD	ARGENTINA, REPUBLIC OF 1.00000% 20-09.07.29 | 20 992.00 | 8 953.09 | 0.01 |
| USD	AT&T INC 4.35000% 19-01.03.29 | 100 000.00 | 119 483.05 | 0.07 |
| USD	AT&T INC 4.75000% 15-15.05.46 | 75 000.00 | 93 004.09 | 0.05 |
| USD	CHILE, REPUBLIC OF 3.86000% 17-21.06.47 | 200 000.00 | 239 812.50 | 0.13 |
| USD	CIGNA CORP 4.37500% 19-15.10.28 | 85 000.00 | 102 315.90 | 0.06 |
| USD	CITIGROUP INC 4.65000% 18-23.07.48 | 135 000.00 | 187 651.72 | 0.11 |
| USD	CNAC HK FINBRIDGE CO LTD-REG-S 4.12500% 18-14.03.21 | 200 000.00 | 200 687.50 | 0.11 |
| USD	CNOOC PETROLEUM NORTH AMERICA ULC 6.40000% 07-15.05.37 | 200 000.00 | 288 511.56 | 0.16 |
| USD	CONAGRA BRANDS INC 5.40000% 18-01.11.48 | 50 000.00 | 72 133.92 | 0.04 |
| USD	COSTA RICA, REPUBLIC OF-REG-S 7.15800% 15-12.03.45 | 200 000.00 | 173 937.50 | 0.10 |
| USD	CVS HEALTH CORP 4.30000% 18-25.03.28 | 65 000.00 | 76 376.33 | 0.04 |
| USD	ECUADOR GOVT INTERNATIONAL BD-REG-S STEP-UP/DOWN 20-31.07.35 | 99 060.00 | 53 987.70 | 0.03 |
| USD	ECUADOR, REPUBLIC OF-REG-S STEP-UP 0.50000% 20-31.07.30 | 37 800.00 | 23 955.75 | 0.01 |
| USD	ECUADOR, REPUBLIC OF-REG-S STEP-UP 20-31.07.40 | 45 400.00 | 22 359.50 | 0.01 |
| USD	ENABLE MIDSTREAM PARTNERS LP 3.90000% 15-15.05.24 | 100 000.00 | 100 546.99 | 0.06 |
| USD	ENERGY TRANSFER OPERATING LP 4.50000% 19-15.04.24 | 100 000.00 | 107 800.70 | 0.06 |
| USD	ENERGY TRANSFER PARTNERS LP 6.00000% 18-15.06.48 | 60 000.00 | 68 052.01 | 0.04 |
| USD	INDONESIA, REPUBLIC OF-REG-S 5.25000% 12-17.01.42 | 300 000.00 | 392 812.50 | 0.22 |
| USD	OMAN GOVT INTERNATIONAL BOND-REG-S 6.75000% 18-17.01.48 | 200 000.00 | 184 687.50 | 0.10 |
| USD	PETROBRAS GLOBAL FINANCE BV1 5.09300% 20-15.01.30 | 100 000.00 | 109 865.00 | 0.06 |
| USD	PETROLEOS MEXICANOS 6.84000% 20-23.01.30 | 200 000.00 | 195 210.00 | 0.11 |
| USD	PHILLIPS 66 PARTNERS LP 4.68000% 15-15.02.45 | 75 000.00 | 79 028.84 | 0.04 |
| USD	SPRINT CORP 7.87500% 14-15.09.23 | 200 000.00 | 230 669.14 | 0.13 |
| USD	SYNGENTA FINANCE NV-144A 3.93300% 18-23.04.21 | 200 000.00 | 202 035.42 | 0.11 |
| USD	TELEFONICA EMISIONES SA 5.52000% 19-01.03.49 | 300 000.00 | 400 563.03 | 0.22 |
| USD	TEVA PHARMACEUTICAL FINANCE NL III BV 2.80000% 16-21.07.23 | 180 000.00 | 176 169.38 | 0.10 |
| USD	TURKEY, REPUBLIC OF 6.87500% 06-17.03.36 | 450 000.00 | 466 593.75 | 0.26 |
| USD	UKRAINE, GOVERNMENT OF-REG-S 7.37500% 17-25.09.32 | 400 000.00 | 429 125.00 | 0.24 |
| USD	URUGUAY, REPUBLIC OF 4.12500% 12-20.11.45 | 250 000.00 | 302 265.62 | 0.17 |
| USD	VEB FINANCE PLC-REG-S LPN 5.94200% 13-21.11.23 | 200 000.00 | 222 750.00 | 0.13 |
| USD	YPF SA-REG-S 6.95000% 17-21.07.27 | 160 000.00 | 104 950.00 | 0.06 |
| USD	YPF SA-REG-S 7.00000% 17-15.12.47 | 170 000.00 | 106 940.62 | 0.06 |
| Total USD |  | 6 353 927.33 | 3.55 |
| Total Notes, fixed rate |  | 9 782 504.46 | 5.46 |
| Notes, zero coupon |  |  |  |
| USD |  |  |  |
| USD	ECUADOR, REPUBLIC OF-REG-S 0.00000% 20-31.07.30 | 12 974.00 | 5 741.00 | 0.00 |
| Total USD |  | 5 741.00 | 0.00 |
| Total Notes, zero coupon |  | 5 741.00 | 0.00 |
| Notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	ITALY, REPUBLIC OF-144A-REG-S 2.350%/CPI LINKED 14-15.09.24 | 3 120 000.00 | 4 374 231.66 | 2.44 |
| Total EUR |  | 4 374 231.66 | 2.44 |
| USD |  |  |  |
| USD	ALLIANZ SE-REG-S-SUB 3.500%/VAR 20-PRP | 200 000.00 | 202 100.00 | 0.11 |
| Total USD |  | 202 100.00 | 0.11 |
| Total Notes, floating rate |  | 4 576 331.66 | 2.55 |
| Medium term notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 2.37500% 19-27.09.27 | 100 000.00 | 132 233.92 | 0.07 |
| EUR	AROUNDTOWN SA-REG-S 2.00000% 18-02.11.26 | 200 000.00 | 259 383.53 | 0.14 |
| EUR	CNH INDUSTRIAL FINANCE EUROPE SA-REG-S 1.87500% 18-19.01.26 | 100 000.00 | 127 653.43 | 0.07 |
| EUR	DEUTSCHE BANK AG-REG-S 1.62500% 19-12.02.21 | 100 000.00 | 120 026.71 | 0.07 |
| EUR	GAS NETWORKS IRELAND-REG-S 0.12500% 19-04.12.24 | 110 000.00 | 132 569.44 | 0.07 |
| EUR	KION GROUP AG-REG-S 1.62500% 20-24.09.25 | 100 000.00 | 123 403.11 | 0.07 |

UBS (Lux) Bond SICAV – Global Inflation-linked (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) |  |
|  |  |  |  |  |
| EUR | ORANO SA 4.87500% 09-23.09.24 | 50 000.00 | 68 220.36 | 0.04 |
| EUR | REDEXIS GAS FINANCE BV-REG-S 1.87500% 15-27.04.27 | 100 000.00 | 129 979.09 | 0.07 |
| EUR | ROMANIA-REG-S 4.62500% 19-03.04.49 | 500 000.00 | 782 389.56 | 0.44 |
| Total EUR |  |  | 1 875 859.15 | 1.04 |
| GBP |  |  |  |  |
| GBP | PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 4.12500% 17-20.07.22 | 100 000.00 | 138 928.09 | 0.08 |
| Total GBP |  |  | 138 928.09 | 0.08 |
| USD |  |  |  |  |
| USD | EGYPT, REPUBLIC OF-REG-S 8.70020% 19-01.03.49 | 250 000.00 | 274 140.62 | 0.15 |
| USD | EXPORT IMPORT BANK OF THAILAND-REG-S 1.45700% 20-15.10.25 | 485 000.00 | 486 851.10 | 0.27 |
| USD | MEXICO, UNITED STATES OF 4.75000% 12-08.03.44 | 150 000.00 | 172 875.00 | 0.10 |
| USD | MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 200 000.00 | 231 000.00 | 0.13 |
| USD | MORGAN STANLEY-SUB 4.35000% 14-08.09.26 | 150 000.00 | 176 100.77 | 0.10 |
| USD | PERTAMINA PERSERO PT-REG-S 4.70000% 19-30.07.49 | 200 000.00 | 227 375.00 | 0.13 |
| USD | ROMANIA-REG-S 6.12500% 14-22.01.44 | 250 000.00 | 352 656.25 | 0.20 |
| USD | SAUDI ARABIAN OIL CO-REG-S 3.50000% 19-16.04.29 | 200 000.00 | 221 250.00 | 0.12 |
| USD | SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 4.00000% 18-17.04.25 | 215 000.00 | 239 859.38 | 0.13 |
| Total USD |  |  | 2 382 108.12 | 1.33 |
| Total Medium term notes, fixed rate |  | 4 396 895.36 | 2.45 |
| Medium term notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	AXA SA-REG-S-SUB 3.250%/VAR 18-28.05.49 | 100 000.00 | 138 042.67 | 0.08 |
| EUR	DEUTSCHE BANK AG-REG-S 1.000%/VAR 20-19.11.25 | 100 000.00 | 120 758.79 | 0.07 |
| EUR	DEUTSCHE BANK AG-REG-S 1.750%/VAR 20-19.11.30 | 100 000.00 | 123 513.87 | 0.07 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 100 000.00 | 125 900.05 | 0.07 |
| EUR	NATWEST GROUP PLC-REG-S 2.000%/VAR 18-04.03.25 | 300 000.00 | 378 590.84 | 0.21 |
| EUR	UBS AG-REG-S-SUB 4.750%/VAR 14-12.02.26 | 200 000.00 | 240 991.72 | 0.13 |
| Total EUR |  | 1 127 797.94 | 0.63 |
| Total Medium term notes, floating rate |  | 1 127 797.94 | 0.63 |
| Bonds, fixed rate |  |  |  |
| CNY |  |  |  |
| CNY	CHINA DEVELOPMENT BANK CORP 3.80000% 16-25.01.36 | 10 000 000.00 | 1 490 157.04 | 0.83 |
| Total CNY |  | 1 490 157.04 | 0.83 |
| EUR |  |  |  |
| EUR	ADLER REAL ESTATE AG-REG-S 3.00000% 18-27.04.26 | 200 000.00 | 247 154.06 | 0.14 |
| EUR	ADO PROPERTIES SA-REG-S 1.50000% 17-26.07.24 | 200 000.00 | 233 543.70 | 0.13 |
| EUR	DXC TECHNOLOGY CO 1.75000% 18-15.01.26 | 100 000.00 | 122 572.46 | 0.07 |
| EUR	EIRCOM FINANCE DAC-REG-S 3.50000% 19-15.05.26 | 100 000.00 | 122 263.13 | 0.07 |
| EUR	GREECE, HELLENIC REPUBLIC OF-144A-REG-S 1.87500% 19-23.07.26 | 755 000.00 | 990 481.83 | 0.55 |
| EUR	INTRUM JUSTITIA AB-REG-S 3.12500% 17-15.07.24 | 200 000.00 | 238 010.31 | 0.13 |
| EUR	MPT OPERATING PARTNERSHIP LP/FIN CORP 3.32500% 17-24.03.25 | 100 000.00 | 126 712.03 | 0.07 |
| EUR	VIVION INVESTMENTS SARL-REG-S 3.00000% 19-08.08.24 | 100 000.00 | 116 330.45 | 0.07 |
| Total EUR |  | 2 197 067.97 | 1.23 |
| GBP |  |  |  |
| GBP	SCOTTISH WIDOWS PLC-REG-S-SUB 5.50000% 13-16.06.23 | 100 000.00 | 147 238.57 | 0.08 |
| GBP	UNITED KINGDOM OF GREAT BRITAIN-REG-S 0.87500% 19-22.10.29 | 1 700 000.00 | 2 392 515.71 | 1.34 |
| Total GBP |  | 2 539 754.28 | 1.42 |
| JPY |  |  |  |
| JPY	JAPAN 0.50000% 19-20.03.59 | 180 000 000.00 | 1 622 045.55 | 0.90 |
| Total JPY |  | 1 622 045.55 | 0.90 |
| MXN |  |  |  |
| MXN	MEXICO, UNITED MEXICAN STATES 7.75000% 11-13.11.42 | 797 200.00 | 4 375 355.07 | 2.44 |
| Total MXN |  | 4 375 355.07 | 2.44 |
| USD |  |  |  |
| USD	BRAZIL, FEDERATIVE REPUBLIC OF 7.12500% 06-20.01.37 | 300 000.00 | 400 406.25 | 0.22 |
| USD	CNAC HK FINBRIDGE CO LTD-REG-S 4.62500% 18-14.03.23 | 200 000.00 | 206 562.50 | 0.12 |
| USD	COLOMBIA, REPUBLIC OF 6.12500% 09-18.01.41 | 200 000.00 | 264 250.00 | 0.15 |
| USD	GAZ CAPITAL SA/GAZPROM-REG-S LPN 7.28800% 07-16.08.37 | 200 000.00 | 288 937.50 | 0.16 |
| USD	HCA INC 5.37500% 15-01.02.25 | 200 000.00 | 223 906.00 | 0.12 |
| USD	KAZAKHSTAN, REPUBLIC OF-REG-S 4.87500% 14-14-10.44 | 300 000.00 | 405 093.75 | 0.23 |
| USD	MEXICO CITY AIRPORT TRUST-REG-S 5.50000% 17-31.07.47 | 201 000.00 | 197 209.14 | 0.11 |
| USD	NETFLIX INC 4.37500% 16-15.11.26 | 100 000.00 | 110 875.00 | 0.06 |
| USD	PERU, REPUBLIC OF 8.75000% 03-21.11.33 | 100 000.00 | 166 218.75 | 0.09 |
| USD	SFC CAPITAL LTD-REG-S 5.37500% 16-16.06.23 | 200 000.00 | 213 125.00 | 0.12 |
| Total USD |  | 2 476 583.89 | 1.38 |
| ZAR |  |  |  |
| ZAR	SOUTH AFRICA, REPUBLIC OF 8.75000% 12-28.02.48 | 90 000 000.00 | 4 650 910.39 | 2.59 |
| ZAR	SOUTH AFRICA, REPUBLIC OF 8.50000% 13-31.01.37 | 11 100 000.00 | 585 105.86 | 0.33 |
| Total ZAR |  | 5 236 016.25 | 2.92 |
| Total Bonds, fixed rate |  | 19 936 980.05 | 11.12 |
| Bonds, floating rate |  |  |  |
| AUD |  |  |  |
| AUD	AUSTRALIA 2.500%/CPI LINKED 10-20.09.30 | 615 000.00 | 727 865.48 | 0.41 |
| Total AUD |  | 727 865.48 | 0.41 |

UBS (Lux) Bond SICAV – Global Inflation-linked (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) |  |
| EUR |  |  |  |  |
| EUR | ELM BV-REG-S-SUB 2.600%/VAR 15-PRP | 100 000.00 | 128 591.50 | 0.07 |
| EUR | ENGIE SA-REG-S-SUB 3.250%/VAR 19-PRP | 100 000.00 | 129 787.70 | 0.07 |
| EUR | FRANCE, REPUBLIC OF 1.850%/CPTFEMU LINKED 10-25.07.27 | 1 720 000.00 | 2 818 900.41 | 1.57 |
| EUR | FRANCE, REPUBLIC OF 0.250%/CPTFEMU LINKED 13-25.07.24 | 1 079 000.00 | 1 456 263.63 | 0.81 |
| EUR | FRANCE, REPUBLIC OF-OAT 0.100%/CPI LINKED 15-01.03.25 | 600 000.00 | 781 896.47 | 0.44 |
| EUR | FRANCE, REPUBLIC OF-OAT-REG-S 0.100%/CPI LINKED 17-01.03.28 | 1 700 000.00 | 2 300 623.83 | 1.28 |
| EUR | FRANCE,REPUBLIC OF-OAT 0.100%/INFLATION IDX LKD 19-01.03.29 | 1 470 000.00 | 1 990 414.34 | 1.11 |
| EUR | ITALY, REPUBLIC OF 2.550%/CPI LINKED 09-15.09.41 | 1 900 000.00 | 3 819 825.18 | 2.13 |
| EUR | ITALY, REPUBLIC OF 3.100%/CPI LINKED 11-15.09.26 | 2 640 000.00 | 4 239 811.70 | 2.37 |
| EUR | ITALY, REPUBLIC OF-144A-REG-S 1.300%/CPI LINKED 17-15.05.28 | 1 248 000.00 | 1 734 391.05 | 0.97 |
| EUR | ITALY, REPUBLIC OF-BTP 2.600%/CPI LINKED 07-15.09.23 | 420 000.00 | 658 299.90 | 0.37 |
| EUR | SPAIN GOVERNMENT-144A-REG-S 1.000%/CPI LINKED 15-30.11.30 | 998 000.00 | 1 487 642.47 | 0.83 |
| EUR | SPAIN GOVERNMENT-144A-REG-S 0.650%/CPI LINKED 17-30.11.27 | 1 670 000.00 | 2 333 321.12 | 1.30 |
| EUR | VONOVIA FINANCE BV-REG-S-SUB 4.000%/VAR 14-PRP | 100 000.00 | 123 816.27 | 0.07 |
| Total EUR |  |  | 24 003 585.57 | 13.39 |
| GBP |  |  |  |  |
| GBP | M&G PLC-REG-S-SUB 5.625%/VAR 18-20.10.51 | 175 000.00 | 274 541.62 | 0.15 |
| GBP | UNITED KINGDOM OF GB & NI-REG-S 0.125%/RPI LINKD 18-10.08.28 | 1 000 000.00 | 1 782 665.62 | 0.99 |
| Total GBP |  |  | 2 057 207.24 | 1.14 |
| SEK |  |  |  |  |
| SEK | SWEDEN, KINGDOM OF 0.250%/IDX LINKED 11-01.06.22 | 1 170 000.00 | 149 928.60 | 0.08 |
| Total SEK |  |  | 149 928.60 | 0.08 |
| USD |  |  |  |  |
| USD | QBE INSURANCE GROUP LTD-REG-S-SUB 6.750%/VAR 14-02.12.44 | 250 000.00 | 281 985.00 | 0.16 |
| USD | SCOR SE-REG-S-SUB 5.250%/VAR 18-PRP | 200 000.00 | 209 412.00 | 0.12 |
| USD | WESTPAC BANKING CORP-SUB 5.000%/VAR 17-PRP | 75 000.00 | 77 493.00 | 0.04 |
| Total USD |  |  | 568 890.00 | 0.32 |
| Total Bonds, floating rate |  | 27 507 476.89 | 15.34 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 2.000%/CPI LINKED 06-15.01.26 | 1 775 000.00 | 2 731 106.58 | 1.52 |
| USD	AMERICA, UNITED STATES OF 2.125%/CPI IDX LKND 10-15.02.40 | 430 000.00 | 797 562.59 | 0.45 |
| USD	AMERICA, UNITED STATES OF 0.875%/CPI LINKED 17-15.02.47 | 1 000 000.00 | 1 441 457.97 | 0.80 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.07.27 | 6 120 000.00 | 7 223 860.83 | 4.03 |
| USD	AMERICA, UNITED STATES OF 0.875%/CPI LINKED 19-15.01.29 | 6 995 000.00 | 8 364 961.71 | 4.67 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 4 649 000.00 | 5 601 566.95 | 3.13 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 16-15.07.26 | 3 633 000.00 | 4 272 760.61 | 2.38 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 7 500 000.00 | 8 885 376.40 | 4.96 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI INDEX 14-15.07.24 | 3 700 000.00 | 4 290 306.61 | 2.39 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 5 665 000.00 | 6 738 164.77 | 3.76 |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 5 000 000.00 | 5 952 993.77 | 3.32 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 20-15.01.30 | 5 260 000.00 | 5 862 344.52 | 3.27 |
| Total USD |  | 62 162 463.31 | 34.68 |
| Total Treasury notes, floating rate |  | 62 162 463.31 | 34.68 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 129 496 190.67 | 72.23 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Mortgage Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	MSBAM LYNCH TRUST-SUB 3.99400% 16-01.12.49 | 150 000.00 | 167 720.02 | 0.09 |
| Total USD |  | 167 720.02 | 0.09 |
| Total Mortgage Backed Securities, fixed rate |  | 167 720.02 | 0.09 |
| Mortgage Backed Securities, floating rate |  |  |  |
| USD |  |  |  |
| USD	AVENTURA MALL TRUST-144A FLR 18-01.07.40 | 400 000.00 | 431 704.96 | 0.24 |
| USD	BAMLL COMMERCIAL MORT SET-144A 1M LIBOR+135BP 18-15.09.34 | 350 000.00 | 333 338.81 | 0.19 |
| USD	BANK 2017-BNK9 VAR 17-01.11.54 | 300 000.00 | 341 267.67 | 0.19 |
| USD	BBCMS TRUST CBM-144A 1M LIBOR+119.1098BP 18-15.07.37 | 350 000.00 | 328 086.22 | 0.18 |
| USD	BENCHMARK MORTGAGE TRUST VAR 18-01.02.51 | 150 000.00 | 170 654.25 | 0.10 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+145BP 19-15.12.37 | 125 000.00 | 124 848.70 | 0.07 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+175BP 19-15.12.37 | 270 000.00 | 267 969.41 | 0.15 |
| USD	CORE TRUST CORE-144A 1M LIBOR+110BP 19-15.12.31 | 190 000.00 | 187 890.85 | 0.10 |
| USD	JPMCC COMMERCIAL MORTGAGE SEC TRUST VAR 17-01.09.50 | 550 000.00 | 554 613.34 | 0.31 |
| USD	JPMDB COMMER MORTGAGE SECURITIES TRUST VAR 17-01.03.50 | 300 000.00 | 334 608.78 | 0.19 |
| Total USD |  | 3 074 982.99 | 1.72 |
| Total Mortgage Backed Securities, floating rate |  | 3 074 982.99 | 1.72 |
| Notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 8.00000% 19-15.05.27 | 100 000.00 | 128 970.22 | 0.07 |
| Total EUR |  | 128 970.22 | 0.07 |

UBS (Lux) Bond SICAV – Global Inflation-linked (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 |  |  |  |  |
| USD | CCO HOLDINGS LLC/CAPITAL CORP-144A 5.50000% 16-01.05.26 | 160 000.00 | 166 640.00 | 0.09 |
| USD | DELL INTERNATIONAL LLC / EMC CORP-144A 7.12500% 16-15.06.24 | 210 000.00 | 217 612.50 | 0.12 |
| USD | ENLINK MIDSTREAM PARTNERS LP 4.40000% 14-01.04.24 | 75 000.00 | 72 277.50 | 0.04 |
| USD | MPLX LP 4.25000% 20-01.12.27 | 40 000.00 | 45 426.16 | 0.03 |
| Total USD |  |  | 501 956.16 | 0.28 |
| Total Notes, fixed rate |  | 630 926.38 | 0.35 |
| Bonds, floating rate |  |  |  |
| JPY |  |  |  |
| JPY	JAPAN 0.100%/CPI LINKED 13-10.09.23 | 171 000 000.00 | 1 711 290.60 | 0.95 |
| JPY	JAPAN 0.100%/CPI LINKED 18-10.03.28 | 170 000 000.00 | 1 645 105.16 | 0.92 |
| JPY	JAPAN 0.100%/CPI LINKED 19-10.03.29 | 707 000 000.00 | 6 797 820.69 | 3.79 |
| Total JPY |  | 10 154 216.45 | 5.66 |
| NZD |  |  |  |
| NZD	NEW ZEALAND 2.500%/CPI LINKED 17-20.09.40 | 5 960 000.00 | 6 481 073.17 | 3.62 |
| NZD	NEW ZEALAND 3.000%/CPI LINKED 13-20.09.30 | 7 805 000.00 | 7 985 688.06 | 4.46 |
| NZD	NEW ZEALAND-REG-S 2.500%/CPI LINKED 14-20.09.35 | 6 456 000.00 | 6 758 273.79 | 3.77 |
| Total NZD |  | 21 225 035.02 | 11.85 |
| Total Bonds, floating rate |  | 31 379 251.47 | 17.51 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25 | 2 726 000.00 | 3 191 329.50 | 1.78 |
| Total USD |  | 3 191 329.50 | 1.78 |
| Total Treasury notes, floating rate |  | 3 191 329.50 | 1.78 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 38 444 210.36 | 21.45 |
| Total investments in securities |  | 167 940 401.03 | 93.68 |
| Derivative instruments |  |  |  |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Financial Futures on bonds |  |  |  |
|  |  |  |  |
| EUR	EURO BTP ITALY GOVERMENT FUTURE 08.12.20 | -39.00 | -263 582.67 | -0.15 |
| EUR	EURO-BUND FUTURE 08.12.20 | 26.00 | 36 388.40 | 0.02 |
| EUR	EURO-BOBL FUTURE 08.12.20 | 20.00 | 5 502.52 | 0.00 |
| EUR	EURO-BUXL FUTURE 08.12.20 | -10.00 | -74 642.88 | -0.04 |
| EUR	EURO-OAT FUTURE 08.12.20 | 20.00 | 49 522.68 | 0.03 |
| GBP	LONG GILT FUTURE 29.03.21 | -2.00 | -106.80 | 0.00 |
| JPY	JAPAN GOVERNMENT 10Y BOND (OSE) FUTURE 14.12.20 | 12.00 | 16 111.24 | 0.01 |
| CAD	CAN 10YR BOND FUTURE 22.03.21 | -40.00 | -12 963.96 | -0.01 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 22.03.21 | -4.00 | -2 531.25 | 0.00 |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.21 | 50.00 | 3 515.60 | 0.00 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.21 | 50.00 | 7 812.50 | 0.01 |
| USD	US 10YR ULTRA NOTE FUTURE 22.03.21 | 3.00 | 1 875.00 | 0.00 |
| USD	US 10YR TREASURY NOTE FUTURE 22.03.21 | -30.00 | -9 375.00 | -0.01 |
| Total Financial Futures on bonds |  | -242 474.62 | -0.14 |
| Total Derivative instruments listed on an official stock exchange |  | -242 474.62 | -0.14 |
| Derivative instruments not listed on an official stock exchange and not traded on another | regulated market |  |  |
| Swaps and forward swaps on interest rates |  |  |  |
|  |  |  |  |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.87875% 17-08.08.47 | -130 000 000.00 | -187 079.87 | -0.10 |
| JPY	LCH/INTEREST RATE SWAP REC 6ML 17-08.08.47 |  |  |  |
| USD	LCH/INTEREST RATE SWAP PAYER 2.24100% 17-08.08.27 | -3 500 000.00 | -407 943.06 | -0.23 |
| USD	LCH/INTEREST RATE SWAP REC 3ML 17-08.08.27 |  |  |  |
| USD	LCH/INTEREST RATE SWAP PAYER 1.89660% 17-20.09.22 | -3 400 000.00 | -113 165.11 | -0.06 |
| USD	LCH/INTEREST RATE SWAP REC 3ML 17-20.09.22 |  |  |  |
| GBP	LCH/INTEREST RATE SWAP PAYER 1.53500% 17-17.10.47 | -1 000 000.00 | -297 588.41 | -0.17 |
| GBP	LCH/INTEREST RATE SWAP REC 6ML 17-17.10.47 |  |  |  |
| GBP	LCH/INTEREST RATE SWAP PAYER 1.48350% 17-12.12.47 | -500 000.00 | -143 105.56 | -0.08 |
| GBP	LCH/INTEREST RATE SWAP REC 6ML 17-12.12.47 |  |  |  |
| GBP	LCH/INTEREST RATE SWAP PAYER 1.71700% 18-21.02.48 | -600 000.00 | -220 743.07 | -0.12 |
| GBP	LCH/INTEREST RATE SWAP REC 6ML 18-21.02.48 |  |  |  |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.91625% 18-27.02.48 | -75 000 000.00 | -116 036.07 | -0.06 |
| JPY	LCH/INTEREST RATE SWAP REC 6ML 18-27.02.48 |  |  |  |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.71375% 18-27.12.48 | -340 000 000.00 | -354 813.01 | -0.20 |
| JPY	LCH/INTEREST RATE SWAP REC 6ML 18-27.12.48 |  |  |  |
| GBP	LCH/INTEREST RATE SWAP PAYER 1.47203% 19-14.02.49 | -1 800 000.00 | -525 739.70 | -0.29 |
| GBP	LCH/INTEREST RATE SWAP REC 6ML 19-14.02.49 |  |  |  |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.68000% 19-05.03.49 | -190 000 000.00 | -179 157.70 | -0.10 |
| JPY	LCH/INTEREST RATE SWAP REC 6ML 19-05.03.49 |  |  |  |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.54275% 19-10.04.49 | -85 000 000.00 | -48 484.79 | -0.03 |
| JPY	LCH/INTEREST RATE SWAP REC 6ML 19-10.04.49 |  |  |  |
| NZD	LCH/INTEREST RATE SWAP PAYER 1.58300% 24-24.09.29 | -13 000 000.00 | -195 675.59 | -0.11 |
| NZD	LCH/INTEREST RATE SWAP REC 3MF 24-24.09.29 |  |  |  |
| NZD	LCH/INTEREST RATE SWAP PAYER 1.20750% 19-27.09.29 | -7 100 000.00 | -187 267.79 | -0.10 |
| NZD	LCH/INTEREST RATE SWAP REC 3MF 19-27.09.29 |  |  |  |
| NZD	LCH/INTEREST RATE SWAP PAYER 1.67500% 24-30.10.29 | -15 000 000.00 | -263 262.89 | -0.15 |
| NZD	LCH/INTEREST RATE SWAP REC 3MF 24-30.10.29 |  |  |  |

UBS (Lux) Bond SICAV – Global Inflation-linked (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) |  |
|  |  |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.14124% 19-13.12.49 | -800 000.00 | -142 576.93 | -0.08 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 19-13.12.49 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 2.11600% 20-23.01.30 | -12 000 000.00 | -350 608.85 | -0.20 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIB 20-23.01.30 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 1.91900% 20-10.02.30 | -12 500 000.00 | -299 284.30 | -0.17 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIBR 20-10.02.30 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 1.66500% 20-27.02.30 | -9 500 000.00 | -163 455.90 | -0.09 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIBR 20-27.02.30 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 1.29910% 20-03.03.50 | -600 000.00 | -7 801.02 | 0.00 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 20-03.03.50 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 1.34000% 20-06.03.30 | -6 000 000.00 | -52 585.11 | -0.03 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIBR 20-06.03.30 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE REC 3.74500% 17-14.08.22 | 70 000 000.00 | 208 115.17 | 0.12 |
| CNY | JPMORGAN/INTEREST RATE PAYER CNRR007 17-14.08.22 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 7.84500% 18-20.04.28 | 50 000 000.00 | 403 276.77 | 0.23 |
| MXN | CME/INTEREST RATE SWAP PAYER 18-20.04.28 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.77500% 18-16.11.48 | 700 000.00 | 275 115.84 | 0.15 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 18-16.11.48 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.48901% 19-12.02.49 | 1 900 000.00 | 566 659.48 | 0.32 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-12.02.49 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.23835% 19-14.02.26 | 3 800 000.00 | 273 656.78 | 0.15 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-14.02.26 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.18689% 19-20.06.49 | 600 000.00 | 115 199.07 | 0.06 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-20.06.49 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP REC 1.83100% 24-19.09.29 | 11 000 000.00 | 156 684.01 | 0.09 |
| CAD | LCH/INTEREST RATE SWAP PAYER 3MC 24-19.09.29 |  |  |  |
| CNY | CITIGROUP/INTEREST RATE SWAP REC 3.03500% 19-23.10.24 | 64 000 000.00 | 112 214.22 | 0.06 |
| CNY | CITIGROUP/INTEREST RATE SWAP PAYER CNRR007 19-23.10.24 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.44500% 20-04.03.25 | 20 000 000.00 | -37 798.73 | -0.02 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-04.03.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.15000% 20-04.06.25 | 30 000 000.00 | -122 589.76 | -0.07 |
| CNY | JPMORGAN/IRS PAYER CNRR007 20-04.06.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.30000% 20-05.06.25 | 45 000 000.00 | -136 843.18 | -0.08 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-05.06.25 |  |  |  |
| CNY | HSBC/INTEREST RATE SWAP REC 2.30500% 20-08.06.25 | 30 000 000.00 | -90 496.04 | -0.05 |
| CNY | HSBC/INTEREST RATE SWAP PAYER CNRR007 20-08.06.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.23500% 20-10.06.25 | 20 000 000.00 | -70 608.80 | -0.04 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-10.06.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.27000% 20-11.06.25 | 20 000 000.00 | -65 711.10 | -0.04 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-11.06.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.19500% 20-12.06.25 | 40 000 000.00 | -151 130.61 | -0.08 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-12.06.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.82000% 20-20.11.25 | 25 000 000.00 | 6 505.43 | 0.00 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-20.11.25 |  |  |  |
| Total Swaps and forward swaps on interest rates |  | -2 814 126.18 | -1.57 |
| Credit default swaps* |  |  |  |
|  |  |  |  |
| USD	BOA/MEX CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -1 450 000.00 | -25 837.76 | 0.00 |
| USD	CITIBANK/BRAZIL CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -650 000.00 | 4 719.23 | 0.00 |
| USD	JPMORGAN/BRAZIL CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -650 000.00 | 4 719.23 | 0.00 |
| USD	BOA/TURKEY CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 1 450 000.00 | -119 872.46 | -0.07 |
| USD	CITIBANK/SOAF CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 650 000.00 | -18 048.52 | -0.01 |
| USD	JPMORGAN/SOAF CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 650 000.00 | -18 048.52 | -0.01 |
| Total Credit default swaps |  | -172 368.80 | -0.09 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  | -2 986 494.98 | -1.66 |
| Total Derivative instruments |  | -3 228 969.60 | -1.80 |
| Forward Foreign Exchange contracts |  |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| IDR | 12 075 500 000.00 | USD | 819 789.55 | 4.12.2020 | 34 830.38 | 0.02 |
| --- | --- | --- | --- | --- | --- | --- |
| INR | 58 260 000.00 | USD | 786 213.60 | 4.12.2020 | 512.70 | 0.00 |
| USD | 1 631 749.84 | PHP | 78 900 000.00 | 4.12.2020 | -8 952.32 | -0.01 |
| RUB | 197 564 900.00 | USD | 2 496 776.11 | 4.12.2020 | 85 633.77 | 0.05 |
| MYR | 3 623 000.00 | USD | 870 704.16 | 4.12.2020 | 18 502.88 | 0.01 |
| USD | 1 341 966.48 | BRL | 7 710 000.00 | 4.12.2020 | -89 456.12 | -0.05 |
| COP | 6 598 211 000.00 | USD | 1 713 376.01 | 4.12.2020 | 126 378.49 | 0.07 |
| USD | 666 196.69 | TWD | 18 900 000.00 | 4.12.2020 | 3 265.59 | 0.00 |
| CNY | 9 105 000.00 | USD | 1 353 500.82 | 4.12.2020 | 29 538.90 | 0.02 |
| USD | 11 799 031.28 | JPY | 1 236 900 000.00 | 4.12.2020 | -63 027.78 | -0.04 |
| EUR | 1 485 000.00 | NOK | 16 512 309.00 | 4.12.2020 | -88 006.87 | -0.05 |
| USD | 36 087 413.12 | EUR | 30 845 000.00 | 4.12.2020 | -810 352.51 | -0.45 |
| EUR | 81 690 100.00 | USD | 95 574 141.23 | 4.12.2020 | 2 146 142.90 | 1.20 |
| CHF | 48 752 300.00 | USD | 53 263 389.51 | 4.12.2020 | 590 190.89 | 0.33 |
| NOK | 51 700 000.00 | USD | 5 477 785.83 | 4.12.2020 | 359 680.81 | 0.20 |
| USD | 103 792.01 | CHF | 95 000.00 | 4.12.2020 | -1 148.48 | 0.00 |
| USD | 2 639 782.56 | THB | 81 970 000.00 | 4.12.2020 | -69 932.19 | -0.04 |
| HUF | 268 700 000.00 | USD | 860 838.85 | 4.12.2020 | 34 261.97 | 0.02 |
| CZK | 40 490 000.00 | USD | 1 759 705.65 | 4.12.2020 | 81 586.96 | 0.05 |
| USD | 2 938 213.71 | SEK | 26 050 000.00 | 4.12.2020 | -108 696.42 | -0.06 |
| USD | 5 126 471.22 | ZAR | 82 800 000.00 | 4.12.2020 | -222 875.13 | -0.12 |
| USD | 3 348 195.18 | MXN | 70 980 000.00 | 4.12.2020 | -172 772.05 | -0.10 |
| USD | 2 946 030.99 | CAD | 3 875 000.00 | 4.12.2020 | -44 176.56 | -0.03 |
| PLN | 6 510 000.00 | USD | 1 662 887.07 | 4.12.2020 | 74 049.33 | 0.04 |
| USD | 55 095.16 | SGD | 75 000.00 | 4.12.2020 | -887.45 | 0.00 |
| USD | 5 702 622.38 | GBP | 4 395 000.00 | 4.12.2020 | -164 966.32 | -0.09 |

* Positive nominal: the subfund is “Receiver”, negative nominal: the subfund is “Payer”.
UBS (Lux) Bond SICAV – Global Inflation-linked (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) |  |

Forward Foreign Exchange contracts (Continued)
Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date
| USD | 88 923.63 | AUD | 125 000.00 | 4.12.2020 | -3 183.66 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 26 681 284.65 | NZD | 40 010 000.00 | 4.12.2020 | -1 437 810.03 | -0.80 |
| GBP | 630 000.00 | JPY | 85 560 174.00 | 4.12.2020 | 20 552.45 | 0.01 |
| AUD | 1 215 000.00 | CHF | 794 950.20 | 4.12.2020 | 17 151.22 | 0.01 |
| BRL | 4 855 470.00 | USD | 870 000.00 | 4.12.2020 | 31 456.49 | 0.02 |
| USD | 870 000.00 | JPY | 90 238 575.00 | 4.12.2020 | 4 598.35 | 0.00 |
| USD | 244 585.04 | ZAR | 3 860 000.00 | 4.12.2020 | -4 792.70 | 0.00 |
| NZD | 685 000.00 | USD | 464 759.21 | 4.12.2020 | 16 659.93 | 0.01 |
| USD | 226 042.29 | MXN | 4 710 000.00 | 4.12.2020 | -7 597.55 | 0.00 |
| USD | 2 564 884.90 | EUR | 2 161 800.00 | 4.12.2020 | -21 128.71 | -0.01 |
| USD | 130 864.02 | EUR | 110 000.00 | 4.12.2020 | -721.46 | 0.00 |
| USD | 229 437.07 | NOK | 2 060 000.00 | 4.12.2020 | -3 158.31 | 0.00 |
| INR | 63 760 400.00 | USD | 860 000.00 | 4.12.2020 | 1 002.12 | 0.00 |
| AUD | 1 200 000.00 | NZD | 1 281 180.00 | 4.12.2020 | -16 185.40 | -0.01 |
| USD | 170 039.11 | ZAR | 2 660 000.00 | 4.12.2020 | -1 811.87 | 0.00 |
| USD | 171 747.06 | PLN | 655 000.00 | 4.12.2020 | -3 013.82 | 0.00 |
| USD | 176 603.18 | EUR | 150 000.00 | 4.12.2020 | -2 831.57 | 0.00 |
| EUR | 890 100.00 | USD | 1 051 396.80 | 4.12.2020 | 13 369.00 | 0.01 |
| CAD | 1 131 991.18 | NZD | 1 255 000.00 | 4.12.2020 | -8 496.44 | -0.01 |
| AUD | 1 185 000.00 | NZD | 1 250 037.54 | 4.12.2020 | -5 351.33 | 0.00 |
| EUR | 1 541 589.41 | CZK | 40 490 000.00 | 4.12.2020 | 2 805.45 | 0.00 |
| TRY | 3 278 811.06 | USD | 430 000.00 | 4.12.2020 | -10 980.74 | -0.01 |
| CHF | 785 000.00 | JPY | 89 500 558.00 | 4.12.2020 | 8 815.75 | 0.00 |
| NZD | 300 000.00 | EUR | 175 513.17 | 4.12.2020 | 886.07 | 0.00 |
| EUR | 997 500.00 | USD | 1 177 937.78 | 4.12.2020 | 15 303.30 | 0.01 |
| TRY | 3 442 150.00 | USD | 430 000.00 | 4.12.2020 | 9 893.34 | 0.01 |
| CAD | 1 135 000.00 | JPY | 90 873 775.00 | 4.12.2020 | 4 348.06 | 0.00 |
| USD | 138 709.92 | CNY | 915 000.00 | 4.12.2020 | -277.60 | 0.00 |
| PHP | 78 900 000.00 | USD | 1 640 332.64 | 4.12.2020 | 369.52 | 0.00 |
| USD | 1 638 765.42 | PHP | 78 900 000.00 | 7.1.2021 | 1 309.41 | 0.00 |
| USD | 889 516.33 | MYR | 3 623 000.00 | 4.12.2020 | 309.29 | 0.00 |
| MYR | 3 623 000.00 | USD | 889 297.99 | 7.1.2021 | -894.08 | 0.00 |
| USD | 2 606 397.10 | RUB | 197 564 900.00 | 4.12.2020 | 23 987.22 | 0.01 |
| USD | 665 727.37 | TWD | 18 900 000.00 | 7.1.2021 | 1 450.69 | 0.00 |
| TWD | 18 900 000.00 | USD | 662 228.45 | 4.12.2020 | 702.65 | 0.00 |
| USD | 853 995.76 | IDR | 12 075 500 000.00 | 4.12.2020 | -624.17 | 0.00 |
| IDR | 12 075 500 000.00 | USD | 852 127.58 | 7.1.2021 | -2 267.75 | 0.00 |
| INR | 122 030 000.00 | USD | 1 645 163.46 | 7.1.2021 | -1 982.68 | 0.00 |
| USD | 1 650 329.33 | INR | 122 020 400.00 | 4.12.2020 | 2 600.91 | 0.00 |
| USD | 1 244 680.85 | CNY | 8 190 000.00 | 4.12.2020 | 628.64 | 0.00 |
| CNY | 8 190 000.00 | USD | 1 241 285.24 | 7.1.2021 | -892.98 | 0.00 |
| BRL | 2 854 530.00 | USD | 534 806.56 | 4.12.2020 | -4 840.44 | 0.00 |
| USD | 535 480.25 | BRL | 2 860 000.00 | 7.1.2021 | 4 740.00 | 0.00 |
| COP | 6 598 211 000.00 | USD | 1 824 070.72 | 7.1.2021 | 12 751.07 | 0.01 |
| USD | 1 826 747.23 | COP | 6 598 211 000.00 | 4.12.2020 | -13 007.27 | -0.01 |
| RUB | 197 564 900.00 | USD | 2 596 941.22 | 11.1.2021 | -25 726.97 | -0.02 |
| Total Forward Foreign Exchange contracts | 357 438.77 | 0.20 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 15 118 094.24* | 8.43 |
| Bank overdraft and other short-term liabilities | -2 141 823.02 | -1.19 |
| Other assets and liabilities | 1 226 618.96 | 0.68 |
| Total net assets | 179 271 760.38 | 100.00 |
| * As at 30 November 2020, cash amounts serve as collateral for the counterparty JP Morgan for an amount of USD 480 000.00. |  |  |

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

Translation (ENFR, 2020-11-30):
# UBS (Lux) Bond SICAV – Global Inflation-linked (USD)
| Données principales |  |
| --- | --- |
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| Actif net en USD |  | 179 271 760.38 | 157 652 769.82 | 135 939 223.47 |
| Catégorie (CHF hedged) I-A1-acc | LU0455555184 |  |  |  |
| Actions en circulation |  | 71 439.9070 | 66 424.0000 | 77 715.0000 |
| Valeur nette d’inventaire par action en CHF |  | 109.42 | 105.09 | 102.09 |
| Prix d’émission et de rachat par action en CHF 1 |  | 109.42 | 105.09 | 102.09 |
| Catégorie (CHF hedged) I-A1-dist | LU0455555267 |  |  |  |
| Actions en circulation |  | 112 937.0000 | 121 607.0000 | 118 877.0000 |
| Valeur nette d’inventaire par action en CHF |  | 101.59 | 98.99 | 97.23 |
| Prix d’émission et de rachat par action en CHF 1 |  | 101.59 | 98.99 | 97.23 |
| Catégorie I-A2-acc 2 | LU0455552322 |  |  |  |
| Actions en circulation |  | - | - | 33 750.0000 |
| Valeur nette d’inventaire par action en USD |  | - | - | 108.09 |
| Prix d’émission et de rachat par action en USD 1 |  | - | - | 108.09 |
| Catégorie I-A3-acc | LU0455552678 |  |  |  |
| Actions en circulation |  | 2 467.0000 | 4 120.0000 | 3 608.0000 |
| Valeur nette d’inventaire par action en USD |  | 125.91 | 120.09 | 112.97 |
| Prix d’émission et de rachat par action en USD 1 |  | 125.91 | 120.09 | 112.97 |
| Catégorie (CHF hedged) I-A3-acc | LU0455555697 |  |  |  |
| Actions en circulation |  | 5 000.0000 | 5 000.0000 | 5 000.0000 |
| Valeur nette d’inventaire par action en CHF |  | 109.04 | 104.67 | 101.59 |
| Prix d’émission et de rachat par action en CHF 1 |  | 109.04 | 104.67 | 101.59 |
| Catégorie (EUR hedged) I-A3-acc | LU0455558790 |  |  |  |
| Actions en circulation |  | 8 483.0000 | 7 925.0000 | 7 090.0000 |
| Valeur nette d’inventaire par action en EUR |  | 112.82 | 108.19 | 104.60 |
| Prix d’émission et de rachat par action en EUR 1 |  | 112.82 | 108.19 | 104.60 |
| Catégorie (CHF hedged) I-B-acc | LU0455555853 |  |  |  |
| Actions en circulation |  | 38 549.0160 | 41 324.2830 | 41 324.2830 |
| Valeur nette d’inventaire par action en CHF |  | 114.93 | 110.11 | 106.47 |
| Prix d’émission et de rachat par action en CHF 1 |  | 114.93 | 110.11 | 106.47 |
| Catégorie (EUR hedged) I-X-acc 3 | LU2069292600 |  |  |  |
| Actions en circulation |  | 102 542.0040 | 102 542.0040 | - |
| Valeur nette d’inventaire par action en EUR |  | 105.43 | 100.88 | - |
| Prix d’émission et de rachat par action en EUR 1 |  | 105.43 | 100.88 | - |
| Catégorie (EUR hedged) K-1-acc 4 | LU0455557396 |  |  |  |
| Actions en circulation |  | - | 0.7000 | 0.7000 |
| Valeur nette d’inventaire par action en EUR |  | - | 3 714 533.94 | 3 596 845.34 |
| Prix d’émission et de rachat par action en EUR 1 |  | - | 3 714 533.94 | 3 596 845.34 |
| Catégorie P-acc | LU0455550201 |  |  |  |
| Actions en circulation |  | 146 116.5650 | 136 644.3630 | 121 017.7720 |
| Valeur nette d’inventaire par action en USD |  | 140.49 | 134.36 | 127.05 |
| Prix d’émission et de rachat par action en USD 1 |  | 140.49 | 134.36 | 127.05 |
| Catégorie (CHF hedged) P-acc | LU0455553486 |  |  |  |
| Actions en circulation |  | 200 551.5860 | 203 584.3940 | 206 632.4860 |
| Valeur nette d’inventaire par action en CHF |  | 119.03 | 114.57 | 111.79 |
| Prix d’émission et de rachat par action en CHF 1 |  | 119.03 | 114.57 | 111.79 |
| Catégorie (EUR hedged) P-acc | LU0455556406 |  |  |  |
| Actions en circulation |  | 328 580.2140 | 280 233.9340 | 351 184.6770 |
| Valeur nette d’inventaire par action en EUR |  | 125.57 | 120.75 | 117.36 |
| Prix d’émission et de rachat par action en EUR 1 |  | 125.57 | 120.75 | 117.36 |
| Catégorie Q-acc | LU1240775160 |  |  |  |
| Actions en circulation |  | 24 580.8550 | 23 911.9500 | 32 339.5170 |
| Valeur nette d’inventaire par action en USD |  | 124.55 | 118.87 | 111.96 |
| Prix d’émission et de rachat par action en USD 1 |  | 124.55 | 118.87 | 111.96 |
| Catégorie (CHF hedged) Q-acc | LU1240774940 |  |  |  |
| Actions en circulation |  | 18 857.1350 | 19 946.0070 | 27 408.0230 |
| Valeur nette d’inventaire par action en CHF |  | 109.30 | 105.00 | 102.04 |
| Prix d’émission et de rachat par action en CHF 1 |  | 109.30 | 105.00 | 102.04 |
| Catégorie (EUR hedged) Q-acc | LU1240775087 |  |  |  |
| Actions en circulation | 272 678.0180 | 263 145.7200 | 115 035.6570 |
| Valeur nette d’inventaire par action en EUR | 111.87 | 107.37 | 103.94 |
| Prix d’émission et de rachat par action en EUR 1 | 111.87 | 107.37 | 103.94 |
| 1  Voir note 1 2  La catégorie d’actions I-A2-acc était en circulation jusqu’au 24.2.2020 3  Première VNI 30.10.2019 4  La catégorie d’actions (EUR hedged) K-1-acc était en circulation jusqu’au 30.7.2020 |  |  |  |

UBS (Lux) Bond SICAV – Global Inflation-linked (USD) Rapport semestriel au 30 novembre 2020

## Structure du portefeuille-titres
Répartition géographique en % de l’actif net	
Etats-Unis	40.03
Nouvelle-Zélande	11.88
Italie	8.27
Japon	6.64
France	5.73
Afrique du Sud	2.92
Grande-Bretagne	2.85
Mexique	2.76
Espagne	2.43
Brésil	1.31
Chine	0.99
Luxembourg	0.64
Roumanie	0.63
Australie	0.63
Pays-Bas	0.56
Grèce	0.55
Allemagne	0.52
Ukraine	0.49
Irlande	0.45
Indonésie	0.35
Thaïlande	0.27
Turquie	0.26
Arabie saoudite	0.26
Hong Kong	0.23
Kazakhstan	0.23
Suède	0.22
Argentine	0.21
Uruguay	0.17
Canada	0.16
Egypte	0.15
Colombie	0.15
Suisse	0.13
Chili	0.13
Mongolie	0.13
Oman	0.10
Costa Rica	0.10
Pérou	0.09
Equateur	0.06
Répartition économique en % de l’actif net	
Gouvernements nationaux et centraux	83.91
Banques & instituts de crédit	1.80
Etablissements financiers et sociétés de participation	1.34
Emetteurs d’obligations sécurisées (Pfandbriefe) et
sociétés de refinancement	1.28
Pétrole	0.87
Assurances	0.76
Télécommunications	0.75
Immobilier	0.55
Diverses sociétés non classées	0.53
Trafic et transport	0.39
Chimie	0.23
Produits pharmaceutiques, cosmétiques & médicaux	0.23
Internet, logiciels et services informatiques	0.20
Soins de santé & services sociaux	0.20
Equipement informatique et de réseau	0.14
Distribution d’énergie & d’eau	0.11
Tabac et boissons alcoolisées	0.07
Services divers	0.07
Appareils et composants électriques	0.07
Machines et appareils	0.07
Industrie de conditionnement	0.07
Alimentation & softs	0.04
Total	93.68
Total	93.68
UBS (Lux) Bond SICAV – Global Inflation-linked (USD) Rapport semestriel au 30 novembre 2020

## Etat des actifs nets
Actif	30.11.2020
USD
Portefeuille-titres, cours d’achat	152 471 316.45
Portefeuille-titres, plus-/(moins)-value non réalisée		15 469 084.58	
Total du Portefeuille-titres (note 1)	167 940 401.03
Avoirs en banque, dépôts à vue et à terme	10 354 230.18*
Autres liquidités (marges)	4 763 864.06
Créances sur souscriptions	495 438.85
Intérêts à recevoir sur titres	982 165.73
Intérêts à recevoir sur liquidités	567.53
Autres créances	56 314.93
Total de l’Actif	184 950 421.08
Passif
Bénéfice non réalisé(e) sur contrats de change à terme (note 1)	357 438.77
Perte non réalisé(e) sur contrats financiers à terme (note 1)	-242 474.62
Perte non réalisé(e) sur swaps (note 1)	-2 986 494.98
Crédit en compte courant	-2 141 823.02
Engagements sur rachats	-236 261.56
Provisions pour commission de gestion forfaitaire (note 2)	-51 579.42
Provisions pour taxe d’abonnement (note 3)	-12 126.98
Provisions pour autres commissions et frais (note 2)		-7 900.12		 Total des Provisions pour frais			-71 606.52
Total du Passif	-5 678 660.70
Actif net à la fin de la période	179 271 760.38

## Etat des opérations
Revenus	1.6.2020-30.11.2020
USD
Revenus d’intérêts sur liquidités	9 114.70
Intérêts sur titres	1 562 132.55
Revenus d’intérêts sur swaps (note 1)	797 838.88
Revenus sur prêts de titres (note 12)	35 958.77
Total des Revenus	2 496 002.66
Charges
Autres revenus (note 4)	90 957.76
Charges d’intérêts sur swaps (note 1)	-632 581.85
Commission de gestion forfaitaire (note 2)	-606 310.25
Taxe d’abonnement (note 3)	-37 487.19
Frais sur prêts de titres (note 12)	-14 383.51
Autres commissions et frais (note 2)	-7 790.82
Revenus/pertes net(te)s de placements	1 177 884.26
Total des Charges	-1 318 118.40
Charges d’intérêts sur liquidités et crédit en compte courant	-19 564.78
Bénéfices/(pertes) réalisé(e)s (note 1)
Bénéfice/(perte) réalisé(e) sur titres évalués à la valeur de marché hors options	1 333 514.99
Bénéfice/perte réalisé(e) sur contrats financiers à terme	-333 041.11
Bénéfice/(perte) réalisé(e) sur contrats de change à terme	3 397 103.55
Bénéfice/(perte) réalisé(e) sur swaps	2 567 675.73
Bénéfice/(perte) net(te) réalisé(e) au cours de la période	7 831 489.77
Total des Bénéfices/(pertes) réalisé(e)s	6 653 605.51
Bénéfice/(perte) de change réalisé(e)	-311 647.65
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	11 472 597.73
Plus-/(moins)-value non réalisée sur instruments du marché monétaire et titres évalués en fonction des rendements	12 974.00
Plus-/(moins)-value non réalisée sur contrats financiers à terme	-61 458.10
Plus-/(moins)-value non réalisée sur contrats de change à terme	73 626.52
Total des Fluctuations de la plus-/(moins)-value non réalisée	8 481 330.91
Plus-/(moins)-value non réalisée sur swaps	-3 016 409.24
Augmentation/(diminution) nette de l’actif net issue de l’activité	16 312 820.68
* Au 30 novembre 2020, des avoirs en banque ont été utilisés à titre de garanties à hauteur de 480 000.00 USD en faveur de JP Morgan.
UBS (Lux) Bond SICAV – Global Inflation-linked (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 | 157 652 769.82 |
| Souscriptions | 45 611 024.78 |
| Rachats | 	-40 115 523.90	 |
| Total des Entrées/(sorties) de capitaux | 5 495 500.88 |
| Dividendes versés | -189 331.00 |
| Revenus/pertes net(te)s de placements | 1 177 884.26 |
| Total des Bénéfices/(pertes) réalisé(e)s | 6 653 605.51 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 	8 481 330.91	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 16 312 820.68 |
| Actif net à la fin de la période | 179 271 760.38 |
| Evolution des actions en circulation |  |
|  | 1.6.2020-30.11.2020 |
| Catégorie | (CHF hedged) I-A1-acc |
| Nombre d’actions en circulation au début de la période | 66 424.0000 |
| Nombre d’actions émises | 5 535.9070 |
| Nombre d’actions rachetées | -520.0000 |
| Nombre d’actions en circulation à la fin de la période | 71 439.9070 |
| Catégorie | (CHF hedged) I-A1-dist |
| Nombre d’actions en circulation au début de la période | 121 607.0000 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -8 670.0000 |
| Nombre d’actions en circulation à la fin de la période | 112 937.0000 |
| Catégorie | I-A3-acc |
| Nombre d’actions en circulation au début de la période | 4 120.0000 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -1 653.0000 |
| Nombre d’actions en circulation à la fin de la période | 2 467.0000 |
| Catégorie | (CHF hedged) I-A3-acc |
| Nombre d’actions en circulation au début de la période | 5 000.0000 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 5 000.0000 |
| Catégorie | (EUR hedged) I-A3-acc |
| Nombre d’actions en circulation au début de la période | 7 925.0000 |
| Nombre d’actions émises | 558.0000 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 8 483.0000 |
| Catégorie | (CHF hedged) I-B-acc |
| Nombre d’actions en circulation au début de la période | 41 324.2830 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -2 775.2670 |
| Nombre d’actions en circulation à la fin de la période | 38 549.0160 |
| Catégorie | (EUR hedged) I-X-acc |
| Nombre d’actions en circulation au début de la période | 102 542.0040 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 102 542.0040 |
| Catégorie | (EUR hedged) K-1-acc |
| Nombre d’actions en circulation au début de la période | 0.7000 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -0.7000 |
| Nombre d’actions en circulation à la fin de la période | 0.0000 |
| Catégorie | P-acc |
| Nombre d’actions en circulation au début de la période | 136 644.3630 |
| Nombre d’actions émises | 42 509.0340 |
| Nombre d’actions rachetées | -33 036.8320 |
| Nombre d’actions en circulation à la fin de la période | 146 116.5650 |
| Catégorie | (CHF hedged) P-acc |
| Nombre d’actions en circulation au début de la période | 203 584.3940 |
| Nombre d’actions émises | 5 784.2570 |
| Nombre d’actions rachetées | -8 817.0650 |
| Nombre d’actions en circulation à la fin de la période | 200 551.5860 |
| Catégorie | (EUR hedged) P-acc |
| Nombre d’actions en circulation au début de la période | 280 233.9340 |
| Nombre d’actions émises | 122 596.4090 |
| Nombre d’actions rachetées | -74 250.1290 |
| Nombre d’actions en circulation à la fin de la période | 328 580.2140 |
| Catégorie | Q-acc |
| Nombre d’actions en circulation au début de la période | 23 911.9500 |
| Nombre d’actions émises | 864.0580 |
| Nombre d’actions rachetées | -195.1530 |
| Nombre d’actions en circulation à la fin de la période | 24 580.8550 |

UBS (Lux) Bond SICAV – Global Inflation-linked (USD) Rapport semestriel au 30 novembre 2020
| Catégorie | (CHF hedged) Q-acc |
| --- | --- |
| Nombre d’actions en circulation au début de la période | 19 946.0070 |
| Nombre d’actions émises | 4 119.0000 |
| Nombre d’actions rachetées | -5 207.8720 |
| Nombre d’actions en circulation à la fin de la période | 18 857.1350 |
| Catégorie | (EUR hedged) Q-acc |
| Nombre d’actions en circulation au début de la période | 263 145.7200 |
| Nombre d’actions émises | 153 105.5300 |
| Nombre d’actions rachetées | -143 573.2320 |
| Nombre d’actions en circulation à la fin de la période | 272 678.0180 |

| Distribution annuelle 1 |  |
| --- | --- |
| UBS (Lux) Bond SICAV – Global Inflation-linked (USD) | Date de détachement | Date de versement | Devise | Montant par action |
| (CHF hedged) I-A1-dist | 3.8.2020 | 6.8.2020 | CHF | 1.45 |
| 1  Voir note 5 |  |  |  |  |

UBS (Lux) Bond SICAV – Global Inflation-linked (USD) Rapport semestriel au 30 novembre 2020

## Etat du portefeuille-titres et autres actifs nets au 30 novembre 2020
| Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
| Titres et instruments du marché monétaire négociés sur une bourse officielle |  |  |  |
| Billets, taux fixe |  |  |  |
| BRL |  |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 10.00000% 16-01.01.27 | 9 300.00 | 1 939 813.85 | 1.08 |
| Total BRL |  | 1 939 813.85 | 1.08 |
| EUR |  |  |  |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 200 000.00 | 255 089.65 | 0.14 |
| EUR	ARDAGH PACKAGING FINANCE/MP-REG-S 2.12500% 19-15.08.26 | 100 000.00 | 119 623.85 | 0.07 |
| EUR	CHINA, PEOPLE’S REPUBLIC OF-REG-S 1.00000% 19-12.11.39 | 240 000.00 | 287 267.43 | 0.16 |
| EUR	FINANCIAL & RISK US HOLDINGS INC-REG-S 6.87500% 18-15.11.26 | 100 000.00 | 128 890.55 | 0.07 |
| EUR	LOXAM SAS-REG-S 3.75000% 19-15.07.26 | 100 000.00 | 119 895.13 | 0.07 |
| EUR	SOFTBANK GROUP CORP-REG-S 5.00000% 18-15.04.28 | 100 000.00 | 130 617.87 | 0.07 |
| EUR	UKRAINE, GOVERNMENT OF-REG-S 4.37500% 20-27.01.30 | 400 000.00 | 447 378.80 | 0.25 |
| Total EUR |  | 1 488 763.28 | 0.83 |
| USD |  |  |  |
| USD	ABBVIE INC 4.25000% 18-14.11.28 | 70 000.00 | 84 531.86 | 0.05 |
| USD	ABBVIE INC 4.87500% 18-14.11.48 | 50 000.00 | 68 095.20 | 0.04 |
| USD	AECOM TECHNOLOGY CORP 5.87500% 15-15.10.24 | 230 000.00 | 255 300.00 | 0.14 |
| USD	ALTRIA GROUP INC 4.40000% 19-14.02.26 | 65 000.00 | 75 290.33 | 0.04 |
| USD	ALTRIA GROUP INC 4.80000% 19-14.02.29 | 50 000.00 | 59 894.65 | 0.03 |
| USD	APT PIPELINES LTD-REG-S 4.20000% 15-23.03.25 | 100 000.00 | 110 204.00 | 0.06 |
| USD	ARGENTINA, REPUBLIC OF STEP-UP 20-09.07.35 | 291 000.00 | 101 995.50 | 0.06 |
| USD	ARGENTINA, REPUBLIC OF STEP-UP 20-09.01.38 | 140 203.00 | 55 380.18 | 0.03 |
| USD	ARGENTINA, REPUBLIC OF 1.00000% 20-09.07.29 | 20 992.00 | 8 953.09 | 0.01 |
| USD	AT&T INC 4.35000% 19-01.03.29 | 100 000.00 | 119 483.05 | 0.07 |
| USD	AT&T INC 4.75000% 15-15.05.46 | 75 000.00 | 93 004.09 | 0.05 |
| USD	CHILE, REPUBLIC OF 3.86000% 17-21.06.47 | 200 000.00 | 239 812.50 | 0.13 |
| USD	CIGNA CORP 4.37500% 19-15.10.28 | 85 000.00 | 102 315.90 | 0.06 |
| USD	CITIGROUP INC 4.65000% 18-23.07.48 | 135 000.00 | 187 651.72 | 0.11 |
| USD	CNAC HK FINBRIDGE CO LTD-REG-S 4.12500% 18-14.03.21 | 200 000.00 | 200 687.50 | 0.11 |
| USD	CNOOC PETROLEUM NORTH AMERICA ULC 6.40000% 07-15.05.37 | 200 000.00 | 288 511.56 | 0.16 |
| USD	CONAGRA BRANDS INC 5.40000% 18-01.11.48 | 50 000.00 | 72 133.92 | 0.04 |
| USD	COSTA RICA, REPUBLIC OF-REG-S 7.15800% 15-12.03.45 | 200 000.00 | 173 937.50 | 0.10 |
| USD	CVS HEALTH CORP 4.30000% 18-25.03.28 | 65 000.00 | 76 376.33 | 0.04 |
| USD	ECUADOR GOVT INTERNATIONAL BD-REG-S STEP-UP/DOWN 20-31.07.35 | 99 060.00 | 53 987.70 | 0.03 |
| USD	ECUADOR, REPUBLIC OF-REG-S STEP-UP 0.50000% 20-31.07.30 | 37 800.00 | 23 955.75 | 0.01 |
| USD	ECUADOR, REPUBLIC OF-REG-S STEP-UP 20-31.07.40 | 45 400.00 | 22 359.50 | 0.01 |
| USD	ENABLE MIDSTREAM PARTNERS LP 3.90000% 15-15.05.24 | 100 000.00 | 100 546.99 | 0.06 |
| USD	ENERGY TRANSFER OPERATING LP 4.50000% 19-15.04.24 | 100 000.00 | 107 800.70 | 0.06 |
| USD	ENERGY TRANSFER PARTNERS LP 6.00000% 18-15.06.48 | 60 000.00 | 68 052.01 | 0.04 |
| USD	INDONESIA, REPUBLIC OF-REG-S 5.25000% 12-17.01.42 | 300 000.00 | 392 812.50 | 0.22 |
| USD	OMAN GOVT INTERNATIONAL BOND-REG-S 6.75000% 18-17.01.48 | 200 000.00 | 184 687.50 | 0.10 |
| USD	PETROBRAS GLOBAL FINANCE BV1 5.09300% 20-15.01.30 | 100 000.00 | 109 865.00 | 0.06 |
| USD	PETROLEOS MEXICANOS 6.84000% 20-23.01.30 | 200 000.00 | 195 210.00 | 0.11 |
| USD	PHILLIPS 66 PARTNERS LP 4.68000% 15-15.02.45 | 75 000.00 | 79 028.84 | 0.04 |
| USD	SPRINT CORP 7.87500% 14-15.09.23 | 200 000.00 | 230 669.14 | 0.13 |
| USD	SYNGENTA FINANCE NV-144A 3.93300% 18-23.04.21 | 200 000.00 | 202 035.42 | 0.11 |
| USD	TELEFONICA EMISIONES SA 5.52000% 19-01.03.49 | 300 000.00 | 400 563.03 | 0.22 |
| USD	TEVA PHARMACEUTICAL FINANCE NL III BV 2.80000% 16-21.07.23 | 180 000.00 | 176 169.38 | 0.10 |
| USD	TURKEY, REPUBLIC OF 6.87500% 06-17.03.36 | 450 000.00 | 466 593.75 | 0.26 |
| USD	UKRAINE, GOVERNMENT OF-REG-S 7.37500% 17-25.09.32 | 400 000.00 | 429 125.00 | 0.24 |
| USD	URUGUAY, REPUBLIC OF 4.12500% 12-20.11.45 | 250 000.00 | 302 265.62 | 0.17 |
| USD	VEB FINANCE PLC-REG-S LPN 5.94200% 13-21.11.23 | 200 000.00 | 222 750.00 | 0.13 |
| USD	YPF SA-REG-S 6.95000% 17-21.07.27 | 160 000.00 | 104 950.00 | 0.06 |
| USD	YPF SA-REG-S 7.00000% 17-15.12.47 | 170 000.00 | 106 940.62 | 0.06 |
| Total USD |  | 6 353 927.33 | 3.55 |
| Total des Billets, taux fixe |  | 9 782 504.46 | 5.46 |
| Billets, coupon zéro |  |  |  |
| USD |  |  |  |
| USD	ECUADOR, REPUBLIC OF-REG-S 0.00000% 20-31.07.30 | 12 974.00 | 5 741.00 | 0.00 |
| Total USD |  | 5 741.00 | 0.00 |
| Total des Billets, coupon zéro |  | 5 741.00 | 0.00 |
| Billets, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	ITALY, REPUBLIC OF-144A-REG-S 2.350%/CPI LINKED 14-15.09.24 | 3 120 000.00 | 4 374 231.66 | 2.44 |
| Total EUR |  | 4 374 231.66 | 2.44 |
| USD |  |  |  |
| USD	ALLIANZ SE-REG-S-SUB 3.500%/VAR 20-PRP | 200 000.00 | 202 100.00 | 0.11 |
| Total USD |  | 202 100.00 | 0.11 |
| Total des Billets, taux variable |  | 4 576 331.66 | 2.55 |
| Medium-Term Notes, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 2.37500% 19-27.09.27 | 100 000.00 | 132 233.92 | 0.07 |
| EUR	AROUNDTOWN SA-REG-S 2.00000% 18-02.11.26 | 200 000.00 | 259 383.53 | 0.14 |
| EUR	CNH INDUSTRIAL FINANCE EUROPE SA-REG-S 1.87500% 18-19.01.26 | 100 000.00 | 127 653.43 | 0.07 |
| EUR	DEUTSCHE BANK AG-REG-S 1.62500% 19-12.02.21 | 100 000.00 | 120 026.71 | 0.07 |
| EUR	GAS NETWORKS IRELAND-REG-S 0.12500% 19-04.12.24 | 110 000.00 | 132 569.44 | 0.07 |
| EUR	KION GROUP AG-REG-S 1.62500% 20-24.09.25 | 100 000.00 | 123 403.11 | 0.07 |

UBS (Lux) Bond SICAV – Global Inflation-linked (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) |  |
|  |  |  |  |  |
| EUR | ORANO SA 4.87500% 09-23.09.24 | 50 000.00 | 68 220.36 | 0.04 |
| EUR | REDEXIS GAS FINANCE BV-REG-S 1.87500% 15-27.04.27 | 100 000.00 | 129 979.09 | 0.07 |
| EUR | ROMANIA-REG-S 4.62500% 19-03.04.49 | 500 000.00 | 782 389.56 | 0.44 |
| Total EUR |  |  | 1 875 859.15 | 1.04 |
| GBP |  |  |  |  |
| GBP | PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 4.12500% 17-20.07.22 | 100 000.00 | 138 928.09 | 0.08 |
| Total GBP |  |  | 138 928.09 | 0.08 |
| USD |  |  |  |  |
| USD | EGYPT, REPUBLIC OF-REG-S 8.70020% 19-01.03.49 | 250 000.00 | 274 140.62 | 0.15 |
| USD | EXPORT IMPORT BANK OF THAILAND-REG-S 1.45700% 20-15.10.25 | 485 000.00 | 486 851.10 | 0.27 |
| USD | MEXICO, UNITED STATES OF 4.75000% 12-08.03.44 | 150 000.00 | 172 875.00 | 0.10 |
| USD | MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 200 000.00 | 231 000.00 | 0.13 |
| USD | MORGAN STANLEY-SUB 4.35000% 14-08.09.26 | 150 000.00 | 176 100.77 | 0.10 |
| USD | PERTAMINA PERSERO PT-REG-S 4.70000% 19-30.07.49 | 200 000.00 | 227 375.00 | 0.13 |
| USD | ROMANIA-REG-S 6.12500% 14-22.01.44 | 250 000.00 | 352 656.25 | 0.20 |
| USD | SAUDI ARABIAN OIL CO-REG-S 3.50000% 19-16.04.29 | 200 000.00 | 221 250.00 | 0.12 |
| USD | SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 4.00000% 18-17.04.25 | 215 000.00 | 239 859.38 | 0.13 |
| Total USD |  |  | 2 382 108.12 | 1.33 |
| Total des Medium-Term Notes, taux fixe |  | 4 396 895.36 | 2.45 |
| Medium-Term Notes, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	AXA SA-REG-S-SUB 3.250%/VAR 18-28.05.49 | 100 000.00 | 138 042.67 | 0.08 |
| EUR	DEUTSCHE BANK AG-REG-S 1.000%/VAR 20-19.11.25 | 100 000.00 | 120 758.79 | 0.07 |
| EUR	DEUTSCHE BANK AG-REG-S 1.750%/VAR 20-19.11.30 | 100 000.00 | 123 513.87 | 0.07 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 100 000.00 | 125 900.05 | 0.07 |
| EUR	NATWEST GROUP PLC-REG-S 2.000%/VAR 18-04.03.25 | 300 000.00 | 378 590.84 | 0.21 |
| EUR	UBS AG-REG-S-SUB 4.750%/VAR 14-12.02.26 | 200 000.00 | 240 991.72 | 0.13 |
| Total EUR |  | 1 127 797.94 | 0.63 |
| Total des Medium-Term Notes, taux variable |  | 1 127 797.94 | 0.63 |
| Obligations, taux fixe |  |  |  |
| CNY |  |  |  |
| CNY	CHINA DEVELOPMENT BANK CORP 3.80000% 16-25.01.36 | 10 000 000.00 | 1 490 157.04 | 0.83 |
| Total CNY |  | 1 490 157.04 | 0.83 |
| EUR |  |  |  |
| EUR	ADLER REAL ESTATE AG-REG-S 3.00000% 18-27.04.26 | 200 000.00 | 247 154.06 | 0.14 |
| EUR	ADO PROPERTIES SA-REG-S 1.50000% 17-26.07.24 | 200 000.00 | 233 543.70 | 0.13 |
| EUR	DXC TECHNOLOGY CO 1.75000% 18-15.01.26 | 100 000.00 | 122 572.46 | 0.07 |
| EUR	EIRCOM FINANCE DAC-REG-S 3.50000% 19-15.05.26 | 100 000.00 | 122 263.13 | 0.07 |
| EUR	GREECE, HELLENIC REPUBLIC OF-144A-REG-S 1.87500% 19-23.07.26 | 755 000.00 | 990 481.83 | 0.55 |
| EUR	INTRUM JUSTITIA AB-REG-S 3.12500% 17-15.07.24 | 200 000.00 | 238 010.31 | 0.13 |
| EUR	MPT OPERATING PARTNERSHIP LP/FIN CORP 3.32500% 17-24.03.25 | 100 000.00 | 126 712.03 | 0.07 |
| EUR	VIVION INVESTMENTS SARL-REG-S 3.00000% 19-08.08.24 | 100 000.00 | 116 330.45 | 0.07 |
| Total EUR |  | 2 197 067.97 | 1.23 |
| GBP |  |  |  |
| GBP	SCOTTISH WIDOWS PLC-REG-S-SUB 5.50000% 13-16.06.23 | 100 000.00 | 147 238.57 | 0.08 |
| GBP	UNITED KINGDOM OF GREAT BRITAIN-REG-S 0.87500% 19-22.10.29 | 1 700 000.00 | 2 392 515.71 | 1.34 |
| Total GBP |  | 2 539 754.28 | 1.42 |
| JPY |  |  |  |
| JPY	JAPAN 0.50000% 19-20.03.59 | 180 000 000.00 | 1 622 045.55 | 0.90 |
| Total JPY |  | 1 622 045.55 | 0.90 |
| MXN |  |  |  |
| MXN	MEXICO, UNITED MEXICAN STATES 7.75000% 11-13.11.42 | 797 200.00 | 4 375 355.07 | 2.44 |
| Total MXN |  | 4 375 355.07 | 2.44 |
| USD |  |  |  |
| USD	BRAZIL, FEDERATIVE REPUBLIC OF 7.12500% 06-20.01.37 | 300 000.00 | 400 406.25 | 0.22 |
| USD	CNAC HK FINBRIDGE CO LTD-REG-S 4.62500% 18-14.03.23 | 200 000.00 | 206 562.50 | 0.12 |
| USD	COLOMBIA, REPUBLIC OF 6.12500% 09-18.01.41 | 200 000.00 | 264 250.00 | 0.15 |
| USD	GAZ CAPITAL SA/GAZPROM-REG-S LPN 7.28800% 07-16.08.37 | 200 000.00 | 288 937.50 | 0.16 |
| USD	HCA INC 5.37500% 15-01.02.25 | 200 000.00 | 223 906.00 | 0.12 |
| USD	KAZAKHSTAN, REPUBLIC OF-REG-S 4.87500% 14-14-10.44 | 300 000.00 | 405 093.75 | 0.23 |
| USD	MEXICO CITY AIRPORT TRUST-REG-S 5.50000% 17-31.07.47 | 201 000.00 | 197 209.14 | 0.11 |
| USD	NETFLIX INC 4.37500% 16-15.11.26 | 100 000.00 | 110 875.00 | 0.06 |
| USD	PERU, REPUBLIC OF 8.75000% 03-21.11.33 | 100 000.00 | 166 218.75 | 0.09 |
| USD	SFC CAPITAL LTD-REG-S 5.37500% 16-16.06.23 | 200 000.00 | 213 125.00 | 0.12 |
| Total USD |  | 2 476 583.89 | 1.38 |
| ZAR |  |  |  |
| ZAR	SOUTH AFRICA, REPUBLIC OF 8.75000% 12-28.02.48 | 90 000 000.00 | 4 650 910.39 | 2.59 |
| ZAR	SOUTH AFRICA, REPUBLIC OF 8.50000% 13-31.01.37 | 11 100 000.00 | 585 105.86 | 0.33 |
| Total ZAR |  | 5 236 016.25 | 2.92 |
| Total des Obligations, taux fixe |  | 19 936 980.05 | 11.12 |
| Obligations, taux variable |  |  |  |
| AUD |  |  |  |
| AUD	AUSTRALIA 2.500%/CPI LINKED 10-20.09.30 | 615 000.00 | 727 865.48 | 0.41 |
| Total AUD |  | 727 865.48 | 0.41 |

UBS (Lux) Bond SICAV – Global Inflation-linked (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) |  |
| EUR |  |  |  |  |
| EUR | ELM BV-REG-S-SUB 2.600%/VAR 15-PRP | 100 000.00 | 128 591.50 | 0.07 |
| EUR | ENGIE SA-REG-S-SUB 3.250%/VAR 19-PRP | 100 000.00 | 129 787.70 | 0.07 |
| EUR | FRANCE, REPUBLIC OF 1.850%/CPTFEMU LINKED 10-25.07.27 | 1 720 000.00 | 2 818 900.41 | 1.57 |
| EUR | FRANCE, REPUBLIC OF 0.250%/CPTFEMU LINKED 13-25.07.24 | 1 079 000.00 | 1 456 263.63 | 0.81 |
| EUR | FRANCE, REPUBLIC OF-OAT 0.100%/CPI LINKED 15-01.03.25 | 600 000.00 | 781 896.47 | 0.44 |
| EUR | FRANCE, REPUBLIC OF-OAT-REG-S 0.100%/CPI LINKED 17-01.03.28 | 1 700 000.00 | 2 300 623.83 | 1.28 |
| EUR | FRANCE,REPUBLIC OF-OAT 0.100%/INFLATION IDX LKD 19-01.03.29 | 1 470 000.00 | 1 990 414.34 | 1.11 |
| EUR | ITALY, REPUBLIC OF 2.550%/CPI LINKED 09-15.09.41 | 1 900 000.00 | 3 819 825.18 | 2.13 |
| EUR | ITALY, REPUBLIC OF 3.100%/CPI LINKED 11-15.09.26 | 2 640 000.00 | 4 239 811.70 | 2.37 |
| EUR | ITALY, REPUBLIC OF-144A-REG-S 1.300%/CPI LINKED 17-15.05.28 | 1 248 000.00 | 1 734 391.05 | 0.97 |
| EUR | ITALY, REPUBLIC OF-BTP 2.600%/CPI LINKED 07-15.09.23 | 420 000.00 | 658 299.90 | 0.37 |
| EUR | SPAIN GOVERNMENT-144A-REG-S 1.000%/CPI LINKED 15-30.11.30 | 998 000.00 | 1 487 642.47 | 0.83 |
| EUR | SPAIN GOVERNMENT-144A-REG-S 0.650%/CPI LINKED 17-30.11.27 | 1 670 000.00 | 2 333 321.12 | 1.30 |
| EUR | VONOVIA FINANCE BV-REG-S-SUB 4.000%/VAR 14-PRP | 100 000.00 | 123 816.27 | 0.07 |
| Total EUR |  |  | 24 003 585.57 | 13.39 |
| GBP |  |  |  |  |
| GBP | M&G PLC-REG-S-SUB 5.625%/VAR 18-20.10.51 | 175 000.00 | 274 541.62 | 0.15 |
| GBP | UNITED KINGDOM OF GB & NI-REG-S 0.125%/RPI LINKD 18-10.08.28 | 1 000 000.00 | 1 782 665.62 | 0.99 |
| Total GBP |  |  | 2 057 207.24 | 1.14 |
| SEK |  |  |  |  |
| SEK | SWEDEN, KINGDOM OF 0.250%/IDX LINKED 11-01.06.22 | 1 170 000.00 | 149 928.60 | 0.08 |
| Total SEK |  |  | 149 928.60 | 0.08 |
| USD |  |  |  |  |
| USD | QBE INSURANCE GROUP LTD-REG-S-SUB 6.750%/VAR 14-02.12.44 | 250 000.00 | 281 985.00 | 0.16 |
| USD | SCOR SE-REG-S-SUB 5.250%/VAR 18-PRP | 200 000.00 | 209 412.00 | 0.12 |
| USD | WESTPAC BANKING CORP-SUB 5.000%/VAR 17-PRP | 75 000.00 | 77 493.00 | 0.04 |
| Total USD |  |  | 568 890.00 | 0.32 |
| Total des Obligations, taux variable |  | 27 507 476.89 | 15.34 |
| Bons du Trésor à moyen terme, taux variable |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 2.000%/CPI LINKED 06-15.01.26 | 1 775 000.00 | 2 731 106.58 | 1.52 |
| USD	AMERICA, UNITED STATES OF 2.125%/CPI IDX LKND 10-15.02.40 | 430 000.00 | 797 562.59 | 0.45 |
| USD	AMERICA, UNITED STATES OF 0.875%/CPI LINKED 17-15.02.47 | 1 000 000.00 | 1 441 457.97 | 0.80 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.07.27 | 6 120 000.00 | 7 223 860.83 | 4.03 |
| USD	AMERICA, UNITED STATES OF 0.875%/CPI LINKED 19-15.01.29 | 6 995 000.00 | 8 364 961.71 | 4.67 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 4 649 000.00 | 5 601 566.95 | 3.13 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 16-15.07.26 | 3 633 000.00 | 4 272 760.61 | 2.38 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 7 500 000.00 | 8 885 376.40 | 4.96 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI INDEX 14-15.07.24 | 3 700 000.00 | 4 290 306.61 | 2.39 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 5 665 000.00 | 6 738 164.77 | 3.76 |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 5 000 000.00 | 5 952 993.77 | 3.32 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 20-15.01.30 | 5 260 000.00 | 5 862 344.52 | 3.27 |
| Total USD |  | 62 162 463.31 | 34.68 |
| Total des Bons du Trésor à moyen terme, taux variable |  | 62 162 463.31 | 34.68 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 129 496 190.67 | 72.23 |
| Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  |  |  |
| Titres adossés à des hypothèques, taux fixe |  |  |  |
| USD |  |  |  |
| USD	MSBAM LYNCH TRUST-SUB 3.99400% 16-01.12.49 | 150 000.00 | 167 720.02 | 0.09 |
| Total USD |  | 167 720.02 | 0.09 |
| Total des Titres adossés à des hypothèques, taux fixe |  | 167 720.02 | 0.09 |
| Titres adossés à des hypothèques, taux variable |  |  |  |
| USD |  |  |  |
| USD	AVENTURA MALL TRUST-144A FLR 18-01.07.40 | 400 000.00 | 431 704.96 | 0.24 |
| USD	BAMLL COMMERCIAL MORT SET-144A 1M LIBOR+135BP 18-15.09.34 | 350 000.00 | 333 338.81 | 0.19 |
| USD	BANK 2017-BNK9 VAR 17-01.11.54 | 300 000.00 | 341 267.67 | 0.19 |
| USD	BBCMS TRUST CBM-144A 1M LIBOR+119.1098BP 18-15.07.37 | 350 000.00 | 328 086.22 | 0.18 |
| USD	BENCHMARK MORTGAGE TRUST VAR 18-01.02.51 | 150 000.00 | 170 654.25 | 0.10 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+145BP 19-15.12.37 | 125 000.00 | 124 848.70 | 0.07 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+175BP 19-15.12.37 | 270 000.00 | 267 969.41 | 0.15 |
| USD	CORE TRUST CORE-144A 1M LIBOR+110BP 19-15.12.31 | 190 000.00 | 187 890.85 | 0.10 |
| USD	JPMCC COMMERCIAL MORTGAGE SEC TRUST VAR 17-01.09.50 | 550 000.00 | 554 613.34 | 0.31 |
| USD	JPMDB COMMER MORTGAGE SECURITIES TRUST VAR 17-01.03.50 | 300 000.00 | 334 608.78 | 0.19 |
| Total USD |  | 3 074 982.99 | 1.72 |
| Total des Titres adossés à des hypothèques, taux variable |  | 3 074 982.99 | 1.72 |
| Billets, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 8.00000% 19-15.05.27 | 100 000.00 | 128 970.22 | 0.07 |
| Total EUR |  | 128 970.22 | 0.07 |

UBS (Lux) Bond SICAV – Global Inflation-linked (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 |  |  |  |  |
| USD | CCO HOLDINGS LLC/CAPITAL CORP-144A 5.50000% 16-01.05.26 | 160 000.00 | 166 640.00 | 0.09 |
| USD | DELL INTERNATIONAL LLC / EMC CORP-144A 7.12500% 16-15.06.24 | 210 000.00 | 217 612.50 | 0.12 |
| USD | ENLINK MIDSTREAM PARTNERS LP 4.40000% 14-01.04.24 | 75 000.00 | 72 277.50 | 0.04 |
| USD | MPLX LP 4.25000% 20-01.12.27 | 40 000.00 | 45 426.16 | 0.03 |
| Total USD |  |  | 501 956.16 | 0.28 |
| Total des Billets, taux fixe |  | 630 926.38 | 0.35 |
| Obligations, taux variable |  |  |  |
| JPY |  |  |  |
| JPY	JAPAN 0.100%/CPI LINKED 13-10.09.23 | 171 000 000.00 | 1 711 290.60 | 0.95 |
| JPY	JAPAN 0.100%/CPI LINKED 18-10.03.28 | 170 000 000.00 | 1 645 105.16 | 0.92 |
| JPY	JAPAN 0.100%/CPI LINKED 19-10.03.29 | 707 000 000.00 | 6 797 820.69 | 3.79 |
| Total JPY |  | 10 154 216.45 | 5.66 |
| NZD |  |  |  |
| NZD	NEW ZEALAND 2.500%/CPI LINKED 17-20.09.40 | 5 960 000.00 | 6 481 073.17 | 3.62 |
| NZD	NEW ZEALAND 3.000%/CPI LINKED 13-20.09.30 | 7 805 000.00 | 7 985 688.06 | 4.46 |
| NZD	NEW ZEALAND-REG-S 2.500%/CPI LINKED 14-20.09.35 | 6 456 000.00 | 6 758 273.79 | 3.77 |
| Total NZD |  | 21 225 035.02 | 11.85 |
| Total des Obligations, taux variable |  | 31 379 251.47 | 17.51 |
| Bons du Trésor à moyen terme, taux variable |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25 | 2 726 000.00 | 3 191 329.50 | 1.78 |
| Total USD |  | 3 191 329.50 | 1.78 |
| Total des Bons du Trésor à moyen terme, taux variable |  | 3 191 329.50 | 1.78 |
| Total des Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  | 38 444 210.36 | 21.45 |
| Total du Portefeuille-titres |  | 167 940 401.03 | 93.68 |

| Instruments dérivés |  |
| --- | --- |
| Instruments dérivés négociés sur une bourse officielle |
| Contrats financiers à terme sur obligations |
|  |  |  |
| EUR	EURO BTP ITALY GOVERMENT FUTURE 08.12.20	-39.00 | -263 582.67 | -0.15 |
| EUR	EURO-BUND FUTURE 08.12.20	26.00 | 36 388.40 | 0.02 |
| EUR	EURO-BOBL FUTURE 08.12.20	20.00 | 5 502.52 | 0.00 |
| EUR	EURO-BUXL FUTURE 08.12.20	-10.00 | -74 642.88 | -0.04 |
| EUR	EURO-OAT FUTURE 08.12.20	20.00 | 49 522.68 | 0.03 |
| GBP	LONG GILT FUTURE 29.03.21	-2.00 | -106.80 | 0.00 |
| JPY	JAPAN GOVERNMENT 10Y BOND (OSE) FUTURE 14.12.20	12.00 | 16 111.24 | 0.01 |
| CAD	CAN 10YR BOND FUTURE 22.03.21	-40.00 | -12 963.96 | -0.01 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 22.03.21	-4.00 | -2 531.25 | 0.00 |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.21	50.00 | 3 515.60 | 0.00 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.21	50.00 | 7 812.50 | 0.01 |
| USD	US 10YR ULTRA NOTE FUTURE 22.03.21	3.00 | 1 875.00 | 0.00 |
| USD	US 10YR TREASURY NOTE FUTURE 22.03.21	-30.00 | -9 375.00 | -0.01 |
| Total des Contrats financiers à terme sur obligations | -242 474.62 | -0.14 |
| Total des Instruments dérivés négociés sur une bourse officielle | -242 474.62 | -0.14 |
| Instruments dérivés non négociés sur une bourse officielle ou sur un autre marché réglementé |  |  |
| Swaps et Swaps à terme sur taux d’intérêt |  |  |
|  |  |  |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.87875% 17-08.08.47	-130 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6ML 17-08.08.47 | -187 079.87 | -0.10 |
| USD	LCH/INTEREST RATE SWAP PAYER 2.24100% 17-08.08.27	-3 500 000.00 USD	LCH/INTEREST RATE SWAP REC 3ML 17-08.08.27 | -407 943.06 | -0.23 |
| USD	LCH/INTEREST RATE SWAP PAYER 1.89660% 17-20.09.22	-3 400 000.00 USD	LCH/INTEREST RATE SWAP REC 3ML 17-20.09.22 | -113 165.11 | -0.06 |
| GBP	LCH/INTEREST RATE SWAP PAYER 1.53500% 17-17.10.47	-1 000 000.00 GBP	LCH/INTEREST RATE SWAP REC 6ML 17-17.10.47 | -297 588.41 | -0.17 |
| GBP	LCH/INTEREST RATE SWAP PAYER 1.48350% 17-12.12.47	-500 000.00 GBP	LCH/INTEREST RATE SWAP REC 6ML 17-12.12.47 | -143 105.56 | -0.08 |
| GBP	LCH/INTEREST RATE SWAP PAYER 1.71700% 18-21.02.48	-600 000.00 GBP	LCH/INTEREST RATE SWAP REC 6ML 18-21.02.48 | -220 743.07 | -0.12 |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.91625% 18-27.02.48	-75 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6ML 18-27.02.48 | -116 036.07 | -0.06 |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.71375% 18-27.12.48	-340 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6ML 18-27.12.48 | -354 813.01 | -0.20 |
| GBP	LCH/INTEREST RATE SWAP PAYER 1.47203% 19-14.02.49	-1 800 000.00 GBP	LCH/INTEREST RATE SWAP REC 6ML 19-14.02.49 | -525 739.70 | -0.29 |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.68000% 19-05.03.49	-190 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6ML 19-05.03.49 | -179 157.70 | -0.10 |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.54275% 19-10.04.49	-85 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6ML 19-10.04.49 | -48 484.79 | -0.03 |
| NZD	LCH/INTEREST RATE SWAP PAYER 1.58300% 24-24.09.29	-13 000 000.00 NZD	LCH/INTEREST RATE SWAP REC 3MF 24-24.09.29 | -195 675.59 | -0.11 |
| NZD	LCH/INTEREST RATE SWAP PAYER 1.20750% 19-27.09.29	-7 100 000.00 NZD	LCH/INTEREST RATE SWAP REC 3MF 19-27.09.29 | -187 267.79 | -0.10 |
| NZD	LCH/INTEREST RATE SWAP PAYER 1.67500% 24-30.10.29	-15 000 000.00 NZD	LCH/INTEREST RATE SWAP REC 3MF 24-30.10.29 | -263 262.89 | -0.15 |

UBS (Lux) Bond SICAV – Global Inflation-linked (USD) Rapport semestriel au 30 novembre 2020
|  | Dénomination | Nombre/ Nominal | Evaluation en USD Bénéfice/(perte) non réalisé(e) sur futures/ Contrats de change à terme/ Swaps (note 1) | en % de l’actif net |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.14124% 19-13.12.49 | -800 000.00 | -142 576.93 | -0.08 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 19-13.12.49 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 2.11600% 20-23.01.30 | -12 000 000.00 | -350 608.85 | -0.20 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIB 20-23.01.30 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 1.91900% 20-10.02.30 | -12 500 000.00 | -299 284.30 | -0.17 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIBR 20-10.02.30 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 1.66500% 20-27.02.30 | -9 500 000.00 | -163 455.90 | -0.09 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIBR 20-27.02.30 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 1.29910% 20-03.03.50 | -600 000.00 | -7 801.02 | 0.00 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 20-03.03.50 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 1.34000% 20-06.03.30 | -6 000 000.00 | -52 585.11 | -0.03 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIBR 20-06.03.30 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE REC 3.74500% 17-14.08.22 | 70 000 000.00 | 208 115.17 | 0.12 |
| CNY | JPMORGAN/INTEREST RATE PAYER CNRR007 17-14.08.22 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 7.84500% 18-20.04.28 | 50 000 000.00 | 403 276.77 | 0.23 |
| MXN | CME/INTEREST RATE SWAP PAYER 18-20.04.28 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.77500% 18-16.11.48 | 700 000.00 | 275 115.84 | 0.15 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 18-16.11.48 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.48901% 19-12.02.49 | 1 900 000.00 | 566 659.48 | 0.32 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-12.02.49 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.23835% 19-14.02.26 | 3 800 000.00 | 273 656.78 | 0.15 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-14.02.26 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.18689% 19-20.06.49 | 600 000.00 | 115 199.07 | 0.06 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-20.06.49 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP REC 1.83100% 24-19.09.29 | 11 000 000.00 | 156 684.01 | 0.09 |
| CAD | LCH/INTEREST RATE SWAP PAYER 3MC 24-19.09.29 |  |  |  |
| CNY | CITIGROUP/INTEREST RATE SWAP REC 3.03500% 19-23.10.24 | 64 000 000.00 | 112 214.22 | 0.06 |
| CNY | CITIGROUP/INTEREST RATE SWAP PAYER CNRR007 19-23.10.24 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.44500% 20-04.03.25 | 20 000 000.00 | -37 798.73 | -0.02 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-04.03.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.15000% 20-04.06.25 | 30 000 000.00 | -122 589.76 | -0.07 |
| CNY | JPMORGAN/IRS PAYER CNRR007 20-04.06.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.30000% 20-05.06.25 | 45 000 000.00 | -136 843.18 | -0.08 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-05.06.25 |  |  |  |
| CNY | HSBC/INTEREST RATE SWAP REC 2.30500% 20-08.06.25 | 30 000 000.00 | -90 496.04 | -0.05 |
| CNY | HSBC/INTEREST RATE SWAP PAYER CNRR007 20-08.06.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.23500% 20-10.06.25 | 20 000 000.00 | -70 608.80 | -0.04 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-10.06.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.27000% 20-11.06.25 | 20 000 000.00 | -65 711.10 | -0.04 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-11.06.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.19500% 20-12.06.25 | 40 000 000.00 | -151 130.61 | -0.08 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-12.06.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.82000% 20-20.11.25 | 25 000 000.00 | 6 505.43 | 0.00 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-20.11.25 |  |  |  |
| Total des Swaps et Swaps à terme sur taux d’intérêt |  | -2 814 126.18 | -1.57 |
| Credit Default Swaps* |  |  |  |
|  |  |  |  |
| USD	BOA/MEX CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -1 450 000.00 | -25 837.76 | 0.00 |
| USD	CITIBANK/BRAZIL CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -650 000.00 | 4 719.23 | 0.00 |
| USD	JPMORGAN/BRAZIL CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -650 000.00 | 4 719.23 | 0.00 |
| USD	BOA/TURKEY CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 1 450 000.00 | -119 872.46 | -0.07 |
| USD	CITIBANK/SOAF CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 650 000.00 | -18 048.52 | -0.01 |
| USD	JPMORGAN/SOAF CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 650 000.00 | -18 048.52 | -0.01 |
| Total des Credit Default Swaps |  | -172 368.80 | -0.09 |
| Total des Instruments dérivés non négociés sur une bourse officielle ou sur un autre marché réglementé |  | -2 986 494.98 | -1.66 |
| Total des Instruments dérivés |  | -3 228 969.60 | -1.80 |
| Contrats de change à terme |  |  |  |
| Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |  |

| IDR | 12 075 500 000.00 | USD | 819 789.55 | 4.12.2020 | 34 830.38 | 0.02 |
| --- | --- | --- | --- | --- | --- | --- |
| INR | 58 260 000.00 | USD | 786 213.60 | 4.12.2020 | 512.70 | 0.00 |
| USD | 1 631 749.84 | PHP | 78 900 000.00 | 4.12.2020 | -8 952.32 | -0.01 |
| RUB | 197 564 900.00 | USD | 2 496 776.11 | 4.12.2020 | 85 633.77 | 0.05 |
| MYR | 3 623 000.00 | USD | 870 704.16 | 4.12.2020 | 18 502.88 | 0.01 |
| USD | 1 341 966.48 | BRL | 7 710 000.00 | 4.12.2020 | -89 456.12 | -0.05 |
| COP | 6 598 211 000.00 | USD | 1 713 376.01 | 4.12.2020 | 126 378.49 | 0.07 |
| USD | 666 196.69 | TWD | 18 900 000.00 | 4.12.2020 | 3 265.59 | 0.00 |
| CNY | 9 105 000.00 | USD | 1 353 500.82 | 4.12.2020 | 29 538.90 | 0.02 |
| USD | 11 799 031.28 | JPY | 1 236 900 000.00 | 4.12.2020 | -63 027.78 | -0.04 |
| EUR | 1 485 000.00 | NOK | 16 512 309.00 | 4.12.2020 | -88 006.87 | -0.05 |
| USD | 36 087 413.12 | EUR | 30 845 000.00 | 4.12.2020 | -810 352.51 | -0.45 |
| EUR | 81 690 100.00 | USD | 95 574 141.23 | 4.12.2020 | 2 146 142.90 | 1.20 |
| CHF | 48 752 300.00 | USD | 53 263 389.51 | 4.12.2020 | 590 190.89 | 0.33 |
| NOK | 51 700 000.00 | USD | 5 477 785.83 | 4.12.2020 | 359 680.81 | 0.20 |
| USD | 103 792.01 | CHF | 95 000.00 | 4.12.2020 | -1 148.48 | 0.00 |
| USD | 2 639 782.56 | THB | 81 970 000.00 | 4.12.2020 | -69 932.19 | -0.04 |
| HUF | 268 700 000.00 | USD | 860 838.85 | 4.12.2020 | 34 261.97 | 0.02 |
| CZK | 40 490 000.00 | USD | 1 759 705.65 | 4.12.2020 | 81 586.96 | 0.05 |
| USD | 2 938 213.71 | SEK | 26 050 000.00 | 4.12.2020 | -108 696.42 | -0.06 |
| USD | 5 126 471.22 | ZAR | 82 800 000.00 | 4.12.2020 | -222 875.13 | -0.12 |
| USD | 3 348 195.18 | MXN | 70 980 000.00 | 4.12.2020 | -172 772.05 | -0.10 |
| USD | 2 946 030.99 | CAD | 3 875 000.00 | 4.12.2020 | -44 176.56 | -0.03 |
| PLN | 6 510 000.00 | USD | 1 662 887.07 | 4.12.2020 | 74 049.33 | 0.04 |
| USD | 55 095.16 | SGD | 75 000.00 | 4.12.2020 | -887.45 | 0.00 |
| USD | 5 702 622.38 | GBP | 4 395 000.00 | 4.12.2020 | -164 966.32 | -0.09 |

* Nominal positif: le compartiment est «receveur», nominal négatif: le compartiment est «payeur».
UBS (Lux) Bond SICAV – Global Inflation-linked (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) |  |

Contrats de change à terme (suite)
Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité
| USD | 88 923.63 | AUD | 125 000.00 | 4.12.2020 | -3 183.66 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 26 681 284.65 | NZD | 40 010 000.00 | 4.12.2020 | -1 437 810.03 | -0.80 |
| GBP | 630 000.00 | JPY | 85 560 174.00 | 4.12.2020 | 20 552.45 | 0.01 |
| AUD | 1 215 000.00 | CHF | 794 950.20 | 4.12.2020 | 17 151.22 | 0.01 |
| BRL | 4 855 470.00 | USD | 870 000.00 | 4.12.2020 | 31 456.49 | 0.02 |
| USD | 870 000.00 | JPY | 90 238 575.00 | 4.12.2020 | 4 598.35 | 0.00 |
| USD | 244 585.04 | ZAR | 3 860 000.00 | 4.12.2020 | -4 792.70 | 0.00 |
| NZD | 685 000.00 | USD | 464 759.21 | 4.12.2020 | 16 659.93 | 0.01 |
| USD | 226 042.29 | MXN | 4 710 000.00 | 4.12.2020 | -7 597.55 | 0.00 |
| USD | 2 564 884.90 | EUR | 2 161 800.00 | 4.12.2020 | -21 128.71 | -0.01 |
| USD | 130 864.02 | EUR | 110 000.00 | 4.12.2020 | -721.46 | 0.00 |
| USD | 229 437.07 | NOK | 2 060 000.00 | 4.12.2020 | -3 158.31 | 0.00 |
| INR | 63 760 400.00 | USD | 860 000.00 | 4.12.2020 | 1 002.12 | 0.00 |
| AUD | 1 200 000.00 | NZD | 1 281 180.00 | 4.12.2020 | -16 185.40 | -0.01 |
| USD | 170 039.11 | ZAR | 2 660 000.00 | 4.12.2020 | -1 811.87 | 0.00 |
| USD | 171 747.06 | PLN | 655 000.00 | 4.12.2020 | -3 013.82 | 0.00 |
| USD | 176 603.18 | EUR | 150 000.00 | 4.12.2020 | -2 831.57 | 0.00 |
| EUR | 890 100.00 | USD | 1 051 396.80 | 4.12.2020 | 13 369.00 | 0.01 |
| CAD | 1 131 991.18 | NZD | 1 255 000.00 | 4.12.2020 | -8 496.44 | -0.01 |
| AUD | 1 185 000.00 | NZD | 1 250 037.54 | 4.12.2020 | -5 351.33 | 0.00 |
| EUR | 1 541 589.41 | CZK | 40 490 000.00 | 4.12.2020 | 2 805.45 | 0.00 |
| TRY | 3 278 811.06 | USD | 430 000.00 | 4.12.2020 | -10 980.74 | -0.01 |
| CHF | 785 000.00 | JPY | 89 500 558.00 | 4.12.2020 | 8 815.75 | 0.00 |
| NZD | 300 000.00 | EUR | 175 513.17 | 4.12.2020 | 886.07 | 0.00 |
| EUR | 997 500.00 | USD | 1 177 937.78 | 4.12.2020 | 15 303.30 | 0.01 |
| TRY | 3 442 150.00 | USD | 430 000.00 | 4.12.2020 | 9 893.34 | 0.01 |
| CAD | 1 135 000.00 | JPY | 90 873 775.00 | 4.12.2020 | 4 348.06 | 0.00 |
| USD | 138 709.92 | CNY | 915 000.00 | 4.12.2020 | -277.60 | 0.00 |
| PHP | 78 900 000.00 | USD | 1 640 332.64 | 4.12.2020 | 369.52 | 0.00 |
| USD | 1 638 765.42 | PHP | 78 900 000.00 | 7.1.2021 | 1 309.41 | 0.00 |
| USD | 889 516.33 | MYR | 3 623 000.00 | 4.12.2020 | 309.29 | 0.00 |
| MYR | 3 623 000.00 | USD | 889 297.99 | 7.1.2021 | -894.08 | 0.00 |
| USD | 2 606 397.10 | RUB | 197 564 900.00 | 4.12.2020 | 23 987.22 | 0.01 |
| USD | 665 727.37 | TWD | 18 900 000.00 | 7.1.2021 | 1 450.69 | 0.00 |
| TWD | 18 900 000.00 | USD | 662 228.45 | 4.12.2020 | 702.65 | 0.00 |
| USD | 853 995.76 | IDR | 12 075 500 000.00 | 4.12.2020 | -624.17 | 0.00 |
| IDR | 12 075 500 000.00 | USD | 852 127.58 | 7.1.2021 | -2 267.75 | 0.00 |
| INR | 122 030 000.00 | USD | 1 645 163.46 | 7.1.2021 | -1 982.68 | 0.00 |
| USD | 1 650 329.33 | INR | 122 020 400.00 | 4.12.2020 | 2 600.91 | 0.00 |
| USD | 1 244 680.85 | CNY | 8 190 000.00 | 4.12.2020 | 628.64 | 0.00 |
| CNY | 8 190 000.00 | USD | 1 241 285.24 | 7.1.2021 | -892.98 | 0.00 |
| BRL | 2 854 530.00 | USD | 534 806.56 | 4.12.2020 | -4 840.44 | 0.00 |
| USD | 535 480.25 | BRL | 2 860 000.00 | 7.1.2021 | 4 740.00 | 0.00 |
| COP | 6 598 211 000.00 | USD | 1 824 070.72 | 7.1.2021 | 12 751.07 | 0.01 |
| USD | 1 826 747.23 | COP | 6 598 211 000.00 | 4.12.2020 | -13 007.27 | -0.01 |
| RUB | 197 564 900.00 | USD | 2 596 941.22 | 11.1.2021 | -25 726.97 | -0.02 |
| Total des Contrats de change à terme | 357 438.77 | 0.20 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 15 118 094.24* | 8.43 |
| Crédit en compte courant et autres engagements à court terme | -2 141 823.02 | -1.19 |
| Autres actifs et passifs | 1 226 618.96 | 0.68 |
| Total de l’Actif net | 179 271 760.38 | 100.00 |
| * Au 30 novembre 2020, des avoirs en banque ont été utilisés à titre de garanties à hauteur de 480 000.00 USD en faveur de JP Morgan. |  |  |

UBS (Lux) Bond SICAV – Global Inflation-linked (USD) Rapport semestriel au 30 novembre 2020