# UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2022 | 31.5.2022 | 31.5.2021 |
| Net assets in USD |  | 57 472 324.31 | 64 469 617.11 | 87 642 444.56 |
| Class P-qdist | LU2100412902 |  |  |  |
| Shares outstanding |  | 651 500.0000 | 706 043.6160 | 815 043.6160 |
| Net asset value per share in USD |  | 87.69 | 90.81 | 107.02 |
| Issue and redemption price per share in USD 1 |  | 87.69 | 90.81 | 107.02 |
| Class (HKD) P-qdist | LU2100413033 |  |  |  |
| Shares outstanding |  | 3 000.0000 | 3 000.0000 | 3 000.0000 |
| Net asset value per share in HKD |  | 882.43 | 918.36 | 1 070.70 |
| Issue and redemption price per share in HKD 1 |  | 882.43 | 918.36 | 1 070.70 |
| 1  See note 1 |  |  |  |  |


### Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
United States	61.94
United Kingdom	4.82
China	3.31
Mexico	2.85
Denmark	2.80
Finland	2.58
Ireland	2.40
Singapore	2.34
Mongolia	2.14
Hong Kong	2.06
British Virgin Islands	2.04
Cayman Islands	1.95
South Korea	1.51
Australia	1.03
Bahamas	0.85
Germany	0.79
Indonesia	0.73
Canada	0.73
The Netherlands	0.70
Malaysia	0.34
Total	97.91
Economic Breakdown as a % of net assets	
Finance & holding companies	28.93
Banks & credit institutions	24.77
Telecommunications	6.22
Internet, software & IT services	3.82
Building industry & materials	3.80
Pharmaceuticals, cosmetics & medical products	3.76
Real Estate	3.32
Petroleum	3.14
Mining, coal & steel	2.72
Graphic design, publishing & media	2.53
Lodging, catering & leisure	2.05
Countries & central governments	1.94
Aerospace industry	1.50
Textiles, garments & leather goods	1.35
Healthcare & social services	1.30
Miscellaneous services	1.27
Insurance	1.16
Packaging industry	1.11
Energy & water supply	1.06
Miscellaneous trading companies	0.85
Retail trade, department stores	0.71
Computer hardware & network equipment providers	0.60
Total	97.91
UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD) Semi-Annual Report as of 30 November 2022

### Statement of Net Assets
Assets	30.11.2022
USD
Investments in securities, cost	62 238 575.92
| Investments in securities, unrealized appreciation (depreciation) | 	-5 965 078.67	 |
| --- | --- |
| Total investments in securities (Note 1) | 56 273 497.25 |
| Cash at banks, deposits on demand and deposit accounts | 632 508.69 |
| Interest receivable on securities | 588 273.16 |
| Prepaid expenses | 15 174.60 |
| Total Assets | 57 509 453.70 |
|  |  |
| Liabilities |  |
| Provisions for flat fee (Note 2) | -28 271.70 |
| Provisions for taxe d’abonnement (Note 3) | -4 763.34 |
| Provisions for other commissions and fees (Note 2) | 	-4 094.35	 |
| Total provisions | -37 129.39 |
| Total Liabilities | -37 129.39 |
|  |  |
| Net assets at the end of the period | 57 472 324.31 |
| Statement of Operations | USD |
| Income | 1.6.2022-30.11.2022 |
| Interest on liquid assets | 15 633.99 |
| Interest on securities | 1 396 349.60 |
| Net income on securities lending (Note 11) | 19 168.98 |
| Other income (Note 4) | 12 780.03 |
| Total income | 1 443 932.60 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -182 402.36 |
| Taxe d’abonnement (Note 3) | -14 439.49 |
| Other commissions and fees (Note 2) | -3 977.06 |
| Total expenses | -200 818.91 |
|  |  |
| Net income (loss) on investments | 1 243 113.69 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | -1 803 672.39 |
| Realized gain (loss) on foreign exchange | -382.45 |
| Total realized gain (loss) | -1 804 054.84 |
|  |  |
| Net realized gain (loss) of the period | -560 941.15 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 132 026.99 |
| Total changes in unrealized appreciation (depreciation) | 132 026.99 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | -428 914.16 |

UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD) Semi-Annual Report as of 30 November 2022
| Changes in Net Assets |  |
| --- | --- |
|  |  | USD |
|  |  | 1.6.2022-30.11.2022 |
| Net assets at the beginning of the period |  | 64 469 617.11 |
| Redemptions |  | 	-4 734 014.77	 |
| Total redemptions |  | -4 734 014.77 |
| Dividend paid |  | -1 834 363.87 |
| Net income (loss) on investments |  | 1 243 113.69 |
| Total realized gain (loss) |  | -1 804 054.84 |
| Total changes in unrealized appreciation (depreciation) |  | 	132 026.99	 |
| Net increase (decrease) in net assets as a result of operations |  | -428 914.16 |
| Net assets at the end of the period |  | 57 472 324.31 |
| Changes in the Number of Shares outstanding |  |  |
|  |  | 1.6.2022-30.11.2022 |
| Class |  | P-qdist |
| Number of shares outstanding at the beginning of the period |  | 706 043.6160 |
| Number of shares issued |  | 0.0000 |
| Number of shares redeemed |  | -54 543.6160 |
| Number of shares outstanding at the end of the period |  | 651 500.0000 |
| Class |  | (HKD) P-qdist |
| Number of shares outstanding at the beginning of the period |  | 3 000.0000 |
| Number of shares issued |  | 0.0000 |
| Number of shares redeemed |  | 0.0000 |
| Number of shares outstanding at the end of the period |  | 3 000.0000 |
| Quarterly Distribution 1 |  |  |
| UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD)	Ex-Date | Pay-Date | Currency	Amount per share |
| P-qdist	15.6.2022 | 21.6.2022 | USD	1.31 |
| P-qdist	15.9.2022 | 20.9.2022 | USD	1.31 |
| (HKD) P-qdist	15.6.2022 | 21.6.2022 | HKD	13.18 |
| (HKD) P-qdist	15.9.2022 | 20.9.2022 | HKD	13.18 |
| 1  See note 5 |  |  |

UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD) Semi-Annual Report as of 30 November 2022

### Statement of Investments in Securities and other Net Assets as of 30 November 2022
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ABBOTT LABORATORIES 3.40000% 16-30.11.23 | 1 425 000.00 | 1 404 257.07 | 2.44 |
| USD	ADOBE INC 1.70000% 20-01.02.23 | 350 000.00 | 348 157.62 | 0.61 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.50000% 20-15.09.23 | 1 400 000.00 | 1 382 665.96 | 2.41 |
| USD	AIR LEASE CORP 3.00000% 16-15.09.23 | 500 000.00 | 490 161.72 | 0.85 |
| USD	BALL CORP 4.00000% 13-15.11.23 | 650 000.00 | 636 551.50 | 1.11 |
| USD	BERKSHIRE HATHAWAY INC 2.75000% 16-15.03.23 | 1 475 000.00 | 1 468 179.79 | 2.55 |
| USD	BOEING CO 4.50800% 20-01.05.23 | 865 000.00 | 861 875.30 | 1.50 |
| USD	BUCKEYE PARTNERS L P 4.15000% 13-01.07.23 | 625 000.00 | 615 631.25 | 1.07 |
| USD	CANARA BANK/LONDON-REG-S 3.87500% 19-28.03.24 | 1 500 000.00 | 1 465 125.00 | 2.55 |
| USD	CHINA CINDA FINANCE (2014) LTD-REG-S 5.62500% 14-14.05.24 | 200 000.00 | 197 404.00 | 0.34 |
| USD	CIGNA CORP 3.75000% 19-15.07.23 | 673 000.00 | 668 325.98 | 1.16 |
| USD	COMCAST CORP 3.70000% 18-15.04.24 | 1 475 000.00 | 1 454 140.72 | 2.53 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 6.50000% 19-08.04.24 | 725 000.00 | 407 721.88 | 0.71 |
| USD	DANSKE BANK AS-144A 3.87500% 18-12.09.23 | 1 000 000.00 | 985 308.93 | 1.71 |
| USD	DCP MIDSTREAM OPERATING LP 3.87500% 13-15.03.23 | 550 000.00 | 547 140.00 | 0.95 |
| USD	EXPORT-IMPORT BANK OF KOREA 4.00000% 14-14.01.24 | 575 000.00 | 568 459.37 | 0.99 |
| USD	FIFTH THIRD BANCORP 3.65000% 19-25.01.24 | 750 000.00 | 738 241.83 | 1.28 |
| USD	FORD MOTOR CREDIT CO LLC 5.58400% 19-18.03.24 | 1 325 000.00 | 1 310 093.75 | 2.28 |
| USD	FORTUNE STAR BVI LTD-REG-S 6.75000% 19-02.07.23 | 375 000.00 | 337 500.00 | 0.59 |
| USD	GENERAL MOTORS FINANCIAL CO INC 3.95000% 17-13.04.24 | 1 050 000.00 | 1 032 221.11 | 1.80 |
| USD	GOLDMAN SACHS GROUP INC/THE 3.20000% 18-23.02.23 | 775 000.00 | 772 210.00 | 1.34 |
| USD	HCA INC 5.00000% 14-15.03.24 | 750 000.00 | 746 982.09 | 1.30 |
| USD	INDONESIA, REPUBLIC OF 4.45000% 18-11.02.24 | 200 000.00 | 199 332.00 | 0.35 |
| USD	JPMORGAN CHASE & CO 2.70000% 16-18.05.23 | 1 525 000.00 | 1 511 422.12 | 2.63 |
| USD	KAISA GROUP HOLDINGS-REG-S *DEFAULTED* 11.50000% 19-30.01.23 | 1 350 000.00 | 138 375.00 | 0.24 |
| USD	LENNAR CORP 4.87500% 15-15.12.23 | 450 000.00 | 447 437.06 | 0.78 |
| USD	LOGAN PROPERTY CO LTD-REG-S *DEFAULTED* 5.25000% 17-23.02.23 | 225 000.00 | 27 000.00 | 0.05 |
| USD	MGM RESORTS INTL 6.00000% 14-15.03.23 | 350 000.00 | 350 016.80 | 0.61 |
| USD	NAVIENT CORP 7.25000% 16-25.09.23 | 238 000.00 | 238 020.55 | 0.41 |
| USD	NEW METRO GLOBAL LTD-REG-S 6.80000% 20-05.08.23 | 800 000.00 | 636 744.00 | 1.11 |
| USD	PACIFIC GAS & ELECTRIC CO 3.75000% 14-15.02.24 | 620 000.00 | 608 367.51 | 1.06 |
| USD	PETROLEOS MEXICANOS 4.87500% 13-18.01.24 | 830 000.00 | 813 815.00 | 1.42 |
| USD	QUALCOMM INC 2.60000% 17-30.01.23 | 306 000.00 | 305 132.43 | 0.53 |
| USD	RANGE RESOURCES CORP 5.00000% 17-15.03.23 | 375 000.00 | 373 125.00 | 0.65 |
| USD	REDSUN PROPERTIES GRP-REG-S *DEFAULTED* 9.70000% 20-16.04.23 | 675 000.00 | 27 000.00 | 0.05 |
| USD	RKPF OVERSEAS 2019 A LTD-REG-S 7.87500% 19-01.02.23 | 255 000.00 | 247 350.00 | 0.43 |
| USD	RONSHINE CHNA HOL LTD-REG-S *DEFAULTED* 8.10000% 19-09.06.23 | 675 000.00 | 26 061.75 | 0.04 |
| USD	SEAZEN GROUP LIMITED-REG-S 6.15000% 19-15.04.23 | 575 000.00 | 483 000.00 | 0.84 |
| USD	SERVICE PROPERTIES TRUST 4.65000% 14-15.03.24 | 430 000.00 | 413 595.53 | 0.72 |
| USD	SPRINGLEAF FINANCE CORP 6.12500% 19-15.03.24 | 1 425 000.00 | 1 389 802.50 | 2.42 |
| USD	SPRINT CORP 7.87500% 14-15.09.23 | 1 525 000.00 | 1 558 001.00 | 2.71 |
| USD	TEVA PHARMACEUTICAL FINANCE NL III BV 6.00000% 18-15.04.24 | 410 000.00 | 405 387.50 | 0.71 |
| USD	UNITED AIRLINES HOLDINGS INC 5.00000% 17-01.02.24 | 400 000.00 | 392 000.00 | 0.68 |
| USD	US BANCORP 3.37500% 19-05.02.24 | 1 100 000.00 | 1 082 454.76 | 1.88 |
| USD	VEDANTA RESOURCES PLC-REG-S 7.12500% 13-31.05.23 | 350 000.00 | 320 250.00 | 0.56 |
| USD	YANLORD LAND HK CO LTD-REG-S 6.80000% 19-27.02.24 | 400 000.00 | 348 000.00 | 0.61 |
| USD	YUM BRANDS INC 3.87500% 13-01.11.23 | 440 000.00 | 430 496.00 | 0.75 |
| Total USD |  | 31 210 541.38 | 54.31 |
| Total Notes, fixed rate |  | 31 210 541.38 | 54.31 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	BK OF AMERICA CORP 3.004%/VAR 18-20.12.23 | 1 400 000.00 | 1 398 360.20 | 2.43 |
| USD	WYNDHAM WORLDWIDE CORP STEP UP/RATING LINKED 17-01.04.24 | 400 000.00 | 395 492.00 | 0.69 |
| Total USD |  | 1 793 852.20 | 3.12 |
| Total Notes, floating rate |  | 1 793 852.20 | 3.12 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BANK OF CHINA/HONG KONG-REG-S 3.12500% 19-17.04.24 | 200 000.00 | 195 262.00 | 0.34 |
| USD	BANKOK BANK PCL HONG KONG-REG-S 4.05000% 18-19.03.24 | 200 000.00 | 196 662.50 | 0.34 |
| USD	BOC AVIATION LTD-REG-S 4.00000% 19-25.01.24 | 1 375 000.00 | 1 343 045.00 | 2.34 |
| USD	BOCOM LEASING MGT HONG KONG-REG-S 4.37500% 19-22.01.24 | 200 000.00 | 197 100.00 | 0.34 |
| USD	ICBCIL FINANCE CO LTD-REG-S 3.75000% 19-05.03.24 | 200 000.00 | 195 725.00 | 0.34 |
| USD	INDONESIA EXIMBANK-REG-S 3.87500% 17-06.04.24 | 225 000.00 | 219 118.50 | 0.38 |
| USD	KASIKORNBANK PCL/HONG KONG-REG-S 3.25600% 18-12.07.23 | 200 000.00 | 197 662.50 | 0.34 |
| USD	KWG GROUP HOLDINGS LTD-REG-S 7.40000% 19-05.03.24 | 875 000.00 | 218 750.00 | 0.38 |
| USD	MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 660 000.00 | 617 430.00 | 1.07 |
| USD	MORGAN STANLEY-SUB 4.10000% 13-22.05.23 | 1 525 000.00 | 1 519 962.87 | 2.65 |
| USD	NAVIENT CORP 6.12500% 14-25.03.24 | 500 000.00 | 498 095.00 | 0.87 |
| USD	RHB BANK BHD-REG-S 3.76600% 19-19.02.24 | 200 000.00 | 196 037.50 | 0.34 |
| USD	SIAM COMMERCIAL BK CAYMAN ISLAND-REG-S 3.90000% 19-11.02.24 | 200 000.00 | 196 850.00 | 0.34 |
| USD	WELLS FARGO & CO 3.75000% 19-24.01.24 | 750 000.00 | 739 632.77 | 1.29 |
| Total USD |  | 6 531 333.64 | 11.36 |
| Total Medium term notes, fixed rate |  | 6 531 333.64 | 11.36 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BAIDU INC 3.87500% 18-29.09.23 | 200 000.00 | 197 232.00 | 0.34 |
| USD	BRASKEM FINANCE LTD 6.45000% 14-03.02.24 | 247 000.00 | 246 814.75 | 0.43 |
| USD	CHINA SCE PROPERTY HOLDINGS LTD-REG-S 7.37500% 19-09.04.24 | 225 000.00 | 61 565.63 | 0.11 |
| USD	COMPETITION TEAM TECHNOLOGIES LTD-REG-S 3.75000% 19-12.03.24 | 500 000.00 | 487 906.25 | 0.85 |

UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD) Semi-Annual Report as of 30 November 2022
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | DEVELOPMENT BANK OF MONGOLIA LLC-REG-S 7.25000% 18-23.10.23 | 700 000.00 | 612 577.00 | 1.07 |
| USD | KOREA, REPUBLIC OF 3.87500% 13-11.09.23 | 300 000.00 | 297 993.75 | 0.52 |
| USD | MINERA Y METALURGICA DEL BOLEO-REG-S 3.25000% 19-17.04.24 | 850 000.00 | 823 331.25 | 1.43 |
| USD | SEAGATE HDD CAYMAN 4.87500% 17-01.03.24 | 350 000.00 | 343 000.00 | 0.60 |
| USD | STATE GRID OVERSEAS INV 2013 LTD-REG-S 3.12500% 13-22.05.23 | 200 000.00 | 198 288.00 | 0.34 |
| USD | SUNAC CHINA HOLDINGS-REG-S *DEFAULTED* 7.50000% 19-01.02.24 | 225 000.00 | 24 291.00 | 0.04 |
| USD | YUZHOU PROPERTIES-REG-S *DEFAULTED* 8.50000% 19-26.02.24 | 725 000.00 | 34 437.50 | 0.06 |
| Total USD |  |  | 3 327 437.13 | 5.79 |
| Total Bonds, fixed rate |  | 3 327 437.13 | 5.79 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 42 863 164.35 | 74.58 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ALBERTSONS COS LLC / SAFEWAY INC-144A 3.50000% 20-15.02.23 | 900 000.00 | 895 500.00 | 1.56 |
| USD	BWAY HOLDING CO-144A 5.50000% 17-15.04.24 | 315 000.00 | 310 691.24 | 0.54 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 4.00000% 17-01.03.23 | 1 230 000.00 | 1 223 067.23 | 2.13 |
| USD	COMMERZBANK AG-144A-SUB 8.12500% 13-19.09.23 | 450 000.00 | 454 455.96 | 0.79 |
| USD	DKT FINANCE APS-144A 9.37500% 18-17.06.23 | 650 000.00 | 625 328.60 | 1.09 |
| USD	FIRST QUANTUM MINERALS LTD-144A 6.50000% 18-01.03.24 | 425 000.00 | 417 642.19 | 0.73 |
| USD	FMG RESOURCES AUGUST 2006 PTY LTD-144A 5.12500% 17-15.05.24 | 600 000.00 | 592 587.06 | 1.03 |
| USD	HANESBRANDS INC-144A 4.62500% 16-15.05.24 | 800 000.00 | 776 000.00 | 1.35 |
| USD	MAGALLANES INC-144A 3.42800% 22-15.03.24 | 1 000 000.00 | 970 957.64 | 1.69 |
| USD	NETFLIX INC 5.75000% 14-01.03.24 | 1 650 000.00 | 1 652 062.50 | 2.87 |
| USD	NEWMARK GROUP INC 6.12500% 19-15.11.23 | 350 000.00 | 349 114.50 | 0.61 |
| USD	NORDEA BANK ABP-144A 3.75000% 18-30.08.23 | 1 500 000.00 | 1 480 835.01 | 2.57 |
| USD	OWENS-BROCKWAY GLASS CONTAINER INC-144A 5.87500% 15-15.08.23 | 399 000.00 | 395 672.67 | 0.69 |
| USD	PRIME SEC SER BORROWER LLC/FIN INC-144A 5.25000% 19-15.04.24 | 350 000.00 | 345 625.00 | 0.60 |
| USD	QVC INC 4.85000% 14-01.04.24 | 350 000.00 | 333 236.75 | 0.58 |
| USD	SANTANDER UK PLC-144A-SUB 5.00000% 13-07.11.23 | 1 000 000.00 | 985 268.00 | 1.71 |
| USD	TAYLOR MOR/MOR HOLDINGS II INC-144A 5.62500% 14-01.03.24 | 350 000.00 | 344 403.66 | 0.60 |
| Total USD |  | 12 152 448.01 | 21.14 |
| Total Notes, fixed rate |  | 12 152 448.01 | 21.14 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	ELANCO ANIMAL HEALTH INC STEP-UP/RTG LKD 19-27.08.23 | 355 000.00 | 353 554.50 | 0.62 |
| Total USD |  | 353 554.50 | 0.62 |
| Total Notes, floating rate |  | 353 554.50 | 0.62 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 12 506 002.51 | 21.76 |

Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market
Notes, fixed rate
| USD |  |
| --- | --- |
| USD | NORDSTROM INC 2.30000% 21-08.04.24 | 435 000.00 | 409 161.00 | 0.71 |
| USD | VICI PROPERTIES LP /VCI NTE CO INC-144A 5.62500% 22-01.05.24 | 500 000.00 | 495 169.39 | 0.86 |
| Total USD |  |  | 904 330.39 | 1.57 |
| Total Notes, fixed rate | 904 330.39 | 1.57 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market | 904 330.39 | 1.57 |
| Total investments in securities | 56 273 497.25 | 97.91 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 632 508.69 | 1.10 |
| Other assets and liabilities | 566 318.37 | 0.99 |
| Total net assets | 57 472 324.31 | 100.00 |

UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD) Semi-Annual Report as of 30 November 2022

Translation (ENFR, 2022-11-30):
# UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD)
| Données principales |  |
| --- | --- |
|  | ISIN | 30.11.2022 | 31.5.2022 | 31.5.2021 |
| Actif net en USD |  | 57 472 324.31 | 64 469 617.11 | 87 642 444.56 |
| Catégorie P-qdist | LU2100412902 |  |  |  |
| Actions en circulation |  | 651 500.0000 | 706 043.6160 | 815 043.6160 |
| Valeur nette d’inventaire par action en USD |  | 87.69 | 90.81 | 107.02 |
| Prix d’émission et de rachat par action en USD 1 |  | 87.69 | 90.81 | 107.02 |
| Catégorie (HKD) P-qdist | LU2100413033 |  |  |  |
| Actions en circulation |  | 3 000.0000 | 3 000.0000 | 3 000.0000 |
| Valeur nette d’inventaire par action en HKD |  | 882.43 | 918.36 | 1 070.70 |
| Prix d’émission et de rachat par action en HKD 1 |  | 882.43 | 918.36 | 1 070.70 |
| 1  Voir note 1 |  |  |  |  |
| Structure du portefeuille-titres |  |  |  |  |

Répartition géographique en % de l’actif net	
Etats-Unis	61.94
Grande-Bretagne	4.82
Chine	3.31
Mexique	2.85
Danemark	2.80
Finlande	2.58
Irlande	2.40
Singapour	2.34
Mongolie	2.14
Hong Kong	2.06
Îles Vierges britanniques	2.04
Iles Caïmans	1.95
Corée du Sud	1.51
Australie	1.03
Bahamas	0.85
Allemagne	0.79
Indonésie	0.73
Canada	0.73
Pays-Bas	0.70
Malaisie	0.34
Total	97.91
Répartition économique en % de l’actif net	
Etablissements financiers et sociétés de participation	28.93
Banques & instituts de crédit	24.77
Télécommunications	6.22
Internet, logiciels et services informatiques	3.82
Bâtiment et matériaux de construction	3.80
Produits pharmaceutiques, cosmétiques & médicaux	3.76
Immobilier	3.32
Pétrole	3.14
Industrie minière, charbon et acier	2.72
Industrie graphique, édition et médias	2.53
Restauration et loisirs	2.05
Gouvernements nationaux et centraux	1.94
Industrie aéronautique et spatiale	1.50
Textiles, habillement & maroquinerie	1.35
Soins de santé & services sociaux	1.30
Services divers	1.27
Assurances	1.16
Industrie de conditionnement	1.11
Distribution d’énergie & d’eau	1.06
Diverses sociétés commerciales	0.85
Commerce de détail, centres commerciaux	0.71
Equipement informatique et de réseau	0.60
Total	97.91
UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD) Rapport semestriel au 30 novembre 2022

## Etat des actifs nets
Actif	30.11.2022
USD
Portefeuille-titres, cours d’achat	62 238 575.92
| Portefeuille-titres, plus- (moins-) value non-réalisée | 	-5 965 078.67	 |
| --- | --- |
| Total portefeuille-titres (note 1) | 56 273 497.25 |
| Avoirs en banque, dépôts à vue et à terme | 632 508.69 |
| Intérêts à recevoir sur titres | 588 273.16 |
| Frais payés d’avance | 15 174.60 |
| Total Actif | 57 509 453.70 |
|  |  |
| Passif |  |
| Provisions pour commission de gestion forfaitaire (note 2) | -28 271.70 |
| Provisions pour taxe d’abonnement (note 3) | -4 763.34 |
| Provisions pour autres commissions et frais (note 2) | 	-4 094.35	 |
| Total des Provisions pour frais | -37 129.39 |
| Total Passif | -37 129.39 |
|  |  |
| Actifs nets à la fin de la période | 57 472 324.31 |
| Etat des opérations | USD |
| Revenus | 1.6.2022-30.11.2022 |
| Revenus d’intérêts sur liquidités | 15 633.99 |
| Intérêts sur titres | 1 396 349.60 |
| Revenus nets sur prêts de titres (note 11) | 19 168.98 |
| Autres revenus (note 4) | 12 780.03 |
| Total des Revenus | 1 443 932.60 |
|  |  |
| Charges |  |
| Commission de gestion forfaitaire (note 2) | -182 402.36 |
| Taxe d’abonnement (note 3) | -14 439.49 |
| Autres commissions et frais (note 2) | -3 977.06 |
| Total des Charges | -200 818.91 |
|  |  |
| Revenus (Pertes) net(te)s des investissements | 1 243 113.69 |
|  |  |
| Bénéfices (pertes) réalisé(e)s (note 1) |  |
| Bénéfice (perte) réalisé(e) sur titres évalués à la valeur de marché hors options | -1 803 672.39 |
| Bénéfice (perte) réalisé(e) de change réalisé(e) | -382.45 |
| Total des Bénéfices (pertes) réalisé(e)s | -1 804 054.84 |
|  |  |
| Bénéfice (perte) net(te) réalisé(e) au cours de la période | -560 941.15 |
|  |  |
| Variations des plus- (moins-) values non-réalisées (note 1) |  |
| Plus- (Moins-) value non réalisée sur titres évalués à la valeur de marché hors options | 132 026.99 |
| Total des Variations des plus- (moins-) values non-réalisées | 132 026.99 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | -428 914.16 |

UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD) Rapport semestriel au 30 novembre 2022
| Variations de l’actif net |  |
| --- | --- |
|  | USD |
|  | 1.6.2022-30.11.2022 |
| Actif net au début de la période | 64 469 617.11 |
| Rachats | 	-4 734 014.77	 |
| Total Rachats | -4 734 014.77 |
| Dividendes versés | -1 834 363.87 |
| Revenus (Pertes) net(te)s des investissements | 1 243 113.69 |
| Total des Bénéfices (pertes) réalisé(e)s | -1 804 054.84 |
| Total des Variations des plus- (moins-) values non-réalisées | 	132 026.99	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | -428 914.16 |
| Actifs nets à la fin de la période | 57 472 324.31 |

| Evolution des actions en circulation |  |
| --- | --- |
|  | 1.6.2022-30.11.2022 |
| Catégorie | P-qdist |
| Nombre d’actions en circulation au début de la période | 706 043.6160 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -54 543.6160 |
| Nombre d’actions en circulation à la fin de la période | 651 500.0000 |
| Catégorie | (HKD) P-qdist |
| Nombre d’actions en circulation au début de la période | 3 000.0000 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 3 000.0000 |

| Distribution trimestrielle 1 |  |
| --- | --- |
| UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD) | Date de détachement | Date de versement | Devise | Montant par action |
| P-qdist | 15.6.2022 | 21.6.2022 | USD | 1.31 |
| P-qdist | 15.9.2022 | 20.9.2022 | USD | 1.31 |
| (HKD) P-qdist | 15.6.2022 | 21.6.2022 | HKD | 13.18 |
| (HKD) P-qdist | 15.9.2022 | 20.9.2022 | HKD | 13.18 |
| 1  Voir note 5 |  |  |  |  |

UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD) Rapport semestriel au 30 novembre 2022

## Etat du portefeuille-titres et autres actifs nets au 30 novembre 2022
| Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
| Titres et instruments du marché monétaire négociés sur une bourse officielle |  |  |  |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	ABBOTT LABORATORIES 3.40000% 16-30.11.23 | 1 425 000.00 | 1 404 257.07 | 2.44 |
| USD	ADOBE INC 1.70000% 20-01.02.23 | 350 000.00 | 348 157.62 | 0.61 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.50000% 20-15.09.23 | 1 400 000.00 | 1 382 665.96 | 2.41 |
| USD	AIR LEASE CORP 3.00000% 16-15.09.23 | 500 000.00 | 490 161.72 | 0.85 |
| USD	BALL CORP 4.00000% 13-15.11.23 | 650 000.00 | 636 551.50 | 1.11 |
| USD	BERKSHIRE HATHAWAY INC 2.75000% 16-15.03.23 | 1 475 000.00 | 1 468 179.79 | 2.55 |
| USD	BOEING CO 4.50800% 20-01.05.23 | 865 000.00 | 861 875.30 | 1.50 |
| USD	BUCKEYE PARTNERS L P 4.15000% 13-01.07.23 | 625 000.00 | 615 631.25 | 1.07 |
| USD	CANARA BANK/LONDON-REG-S 3.87500% 19-28.03.24 | 1 500 000.00 | 1 465 125.00 | 2.55 |
| USD	CHINA CINDA FINANCE (2014) LTD-REG-S 5.62500% 14-14.05.24 | 200 000.00 | 197 404.00 | 0.34 |
| USD	CIGNA CORP 3.75000% 19-15.07.23 | 673 000.00 | 668 325.98 | 1.16 |
| USD	COMCAST CORP 3.70000% 18-15.04.24 | 1 475 000.00 | 1 454 140.72 | 2.53 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 6.50000% 19-08.04.24 | 725 000.00 | 407 721.88 | 0.71 |
| USD	DANSKE BANK AS-144A 3.87500% 18-12.09.23 | 1 000 000.00 | 985 308.93 | 1.71 |
| USD	DCP MIDSTREAM OPERATING LP 3.87500% 13-15.03.23 | 550 000.00 | 547 140.00 | 0.95 |
| USD	EXPORT-IMPORT BANK OF KOREA 4.00000% 14-14.01.24 | 575 000.00 | 568 459.37 | 0.99 |
| USD	FIFTH THIRD BANCORP 3.65000% 19-25.01.24 | 750 000.00 | 738 241.83 | 1.28 |
| USD	FORD MOTOR CREDIT CO LLC 5.58400% 19-18.03.24 | 1 325 000.00 | 1 310 093.75 | 2.28 |
| USD	FORTUNE STAR BVI LTD-REG-S 6.75000% 19-02.07.23 | 375 000.00 | 337 500.00 | 0.59 |
| USD	GENERAL MOTORS FINANCIAL CO INC 3.95000% 17-13.04.24 | 1 050 000.00 | 1 032 221.11 | 1.80 |
| USD	GOLDMAN SACHS GROUP INC/THE 3.20000% 18-23.02.23 | 775 000.00 | 772 210.00 | 1.34 |
| USD	HCA INC 5.00000% 14-15.03.24 | 750 000.00 | 746 982.09 | 1.30 |
| USD	INDONESIA, REPUBLIC OF 4.45000% 18-11.02.24 | 200 000.00 | 199 332.00 | 0.35 |
| USD	JPMORGAN CHASE & CO 2.70000% 16-18.05.23 | 1 525 000.00 | 1 511 422.12 | 2.63 |
| USD	KAISA GROUP HOLDINGS-REG-S *DEFAULTED* 11.50000% 19-30.01.23 | 1 350 000.00 | 138 375.00 | 0.24 |
| USD	LENNAR CORP 4.87500% 15-15.12.23 | 450 000.00 | 447 437.06 | 0.78 |
| USD	LOGAN PROPERTY CO LTD-REG-S *DEFAULTED* 5.25000% 17-23.02.23 | 225 000.00 | 27 000.00 | 0.05 |
| USD	MGM RESORTS INTL 6.00000% 14-15.03.23 | 350 000.00 | 350 016.80 | 0.61 |
| USD	NAVIENT CORP 7.25000% 16-25.09.23 | 238 000.00 | 238 020.55 | 0.41 |
| USD	NEW METRO GLOBAL LTD-REG-S 6.80000% 20-05.08.23 | 800 000.00 | 636 744.00 | 1.11 |
| USD	PACIFIC GAS & ELECTRIC CO 3.75000% 14-15.02.24 | 620 000.00 | 608 367.51 | 1.06 |
| USD	PETROLEOS MEXICANOS 4.87500% 13-18.01.24 | 830 000.00 | 813 815.00 | 1.42 |
| USD	QUALCOMM INC 2.60000% 17-30.01.23 | 306 000.00 | 305 132.43 | 0.53 |
| USD	RANGE RESOURCES CORP 5.00000% 17-15.03.23 | 375 000.00 | 373 125.00 | 0.65 |
| USD	REDSUN PROPERTIES GRP-REG-S *DEFAULTED* 9.70000% 20-16.04.23 | 675 000.00 | 27 000.00 | 0.05 |
| USD	RKPF OVERSEAS 2019 A LTD-REG-S 7.87500% 19-01.02.23 | 255 000.00 | 247 350.00 | 0.43 |
| USD	RONSHINE CHNA HOL LTD-REG-S *DEFAULTED* 8.10000% 19-09.06.23 | 675 000.00 | 26 061.75 | 0.04 |
| USD	SEAZEN GROUP LIMITED-REG-S 6.15000% 19-15.04.23 | 575 000.00 | 483 000.00 | 0.84 |
| USD	SERVICE PROPERTIES TRUST 4.65000% 14-15.03.24 | 430 000.00 | 413 595.53 | 0.72 |
| USD	SPRINGLEAF FINANCE CORP 6.12500% 19-15.03.24 | 1 425 000.00 | 1 389 802.50 | 2.42 |
| USD	SPRINT CORP 7.87500% 14-15.09.23 | 1 525 000.00 | 1 558 001.00 | 2.71 |
| USD	TEVA PHARMACEUTICAL FINANCE NL III BV 6.00000% 18-15.04.24 | 410 000.00 | 405 387.50 | 0.71 |
| USD	UNITED AIRLINES HOLDINGS INC 5.00000% 17-01.02.24 | 400 000.00 | 392 000.00 | 0.68 |
| USD	US BANCORP 3.37500% 19-05.02.24 | 1 100 000.00 | 1 082 454.76 | 1.88 |
| USD	VEDANTA RESOURCES PLC-REG-S 7.12500% 13-31.05.23 | 350 000.00 | 320 250.00 | 0.56 |
| USD	YANLORD LAND HK CO LTD-REG-S 6.80000% 19-27.02.24 | 400 000.00 | 348 000.00 | 0.61 |
| USD	YUM BRANDS INC 3.87500% 13-01.11.23 | 440 000.00 | 430 496.00 | 0.75 |
| Total USD |  | 31 210 541.38 | 54.31 |
| Total des Billets, taux fixe |  | 31 210 541.38 | 54.31 |
| Billets, taux variable |  |  |  |
| USD |  |  |  |
| USD	BK OF AMERICA CORP 3.004%/VAR 18-20.12.23 | 1 400 000.00 | 1 398 360.20 | 2.43 |
| USD	WYNDHAM WORLDWIDE CORP STEP UP/RATING LINKED 17-01.04.24 | 400 000.00 | 395 492.00 | 0.69 |
| Total USD |  | 1 793 852.20 | 3.12 |
| Total des Billets, taux variable |  | 1 793 852.20 | 3.12 |
| Medium-Term Notes, taux fixe |  |  |  |
| USD |  |  |  |
| USD	BANK OF CHINA/HONG KONG-REG-S 3.12500% 19-17.04.24 | 200 000.00 | 195 262.00 | 0.34 |
| USD	BANKOK BANK PCL HONG KONG-REG-S 4.05000% 18-19.03.24 | 200 000.00 | 196 662.50 | 0.34 |
| USD	BOC AVIATION LTD-REG-S 4.00000% 19-25.01.24 | 1 375 000.00 | 1 343 045.00 | 2.34 |
| USD	BOCOM LEASING MGT HONG KONG-REG-S 4.37500% 19-22.01.24 | 200 000.00 | 197 100.00 | 0.34 |
| USD	ICBCIL FINANCE CO LTD-REG-S 3.75000% 19-05.03.24 | 200 000.00 | 195 725.00 | 0.34 |
| USD	INDONESIA EXIMBANK-REG-S 3.87500% 17-06.04.24 | 225 000.00 | 219 118.50 | 0.38 |
| USD	KASIKORNBANK PCL/HONG KONG-REG-S 3.25600% 18-12.07.23 | 200 000.00 | 197 662.50 | 0.34 |
| USD	KWG GROUP HOLDINGS LTD-REG-S 7.40000% 19-05.03.24 | 875 000.00 | 218 750.00 | 0.38 |
| USD	MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 660 000.00 | 617 430.00 | 1.07 |
| USD	MORGAN STANLEY-SUB 4.10000% 13-22.05.23 | 1 525 000.00 | 1 519 962.87 | 2.65 |
| USD	NAVIENT CORP 6.12500% 14-25.03.24 | 500 000.00 | 498 095.00 | 0.87 |
| USD	RHB BANK BHD-REG-S 3.76600% 19-19.02.24 | 200 000.00 | 196 037.50 | 0.34 |
| USD	SIAM COMMERCIAL BK CAYMAN ISLAND-REG-S 3.90000% 19-11.02.24 | 200 000.00 | 196 850.00 | 0.34 |
| USD	WELLS FARGO & CO 3.75000% 19-24.01.24 | 750 000.00 | 739 632.77 | 1.29 |
| Total USD |  | 6 531 333.64 | 11.36 |
| Total des Medium-Term Notes, taux fixe |  | 6 531 333.64 | 11.36 |
| Obligations, taux fixe |  |  |  |
| USD |  |  |  |
| USD	BAIDU INC 3.87500% 18-29.09.23 | 200 000.00 | 197 232.00 | 0.34 |
| USD	BRASKEM FINANCE LTD 6.45000% 14-03.02.24 | 247 000.00 | 246 814.75 | 0.43 |
| USD	CHINA SCE PROPERTY HOLDINGS LTD-REG-S 7.37500% 19-09.04.24 | 225 000.00 | 61 565.63 | 0.11 |
| USD	COMPETITION TEAM TECHNOLOGIES LTD-REG-S 3.75000% 19-12.03.24 | 500 000.00 | 487 906.25 | 0.85 |

UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD) Rapport semestriel au 30 novembre 2022
|  | 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 | DEVELOPMENT BANK OF MONGOLIA LLC-REG-S 7.25000% 18-23.10.23 | 700 000.00 | 612 577.00 | 1.07 |
| USD | KOREA, REPUBLIC OF 3.87500% 13-11.09.23 | 300 000.00 | 297 993.75 | 0.52 |
| USD | MINERA Y METALURGICA DEL BOLEO-REG-S 3.25000% 19-17.04.24 | 850 000.00 | 823 331.25 | 1.43 |
| USD | SEAGATE HDD CAYMAN 4.87500% 17-01.03.24 | 350 000.00 | 343 000.00 | 0.60 |
| USD | STATE GRID OVERSEAS INV 2013 LTD-REG-S 3.12500% 13-22.05.23 | 200 000.00 | 198 288.00 | 0.34 |
| USD | SUNAC CHINA HOLDINGS-REG-S *DEFAULTED* 7.50000% 19-01.02.24 | 225 000.00 | 24 291.00 | 0.04 |
| USD | YUZHOU PROPERTIES-REG-S *DEFAULTED* 8.50000% 19-26.02.24 | 725 000.00 | 34 437.50 | 0.06 |
| Total USD |  |  | 3 327 437.13 | 5.79 |
| Total des Obligations, taux fixe |  | 3 327 437.13 | 5.79 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 42 863 164.35 | 74.58 |
| Titres et instruments du marché monétaire négociés sur un autre marché réglementé Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	ALBERTSONS COS LLC / SAFEWAY INC-144A 3.50000% 20-15.02.23 | 900 000.00 | 895 500.00 | 1.56 |
| USD	BWAY HOLDING CO-144A 5.50000% 17-15.04.24 | 315 000.00 | 310 691.24 | 0.54 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 4.00000% 17-01.03.23 | 1 230 000.00 | 1 223 067.23 | 2.13 |
| USD	COMMERZBANK AG-144A-SUB 8.12500% 13-19.09.23 | 450 000.00 | 454 455.96 | 0.79 |
| USD	DKT FINANCE APS-144A 9.37500% 18-17.06.23 | 650 000.00 | 625 328.60 | 1.09 |
| USD	FIRST QUANTUM MINERALS LTD-144A 6.50000% 18-01.03.24 | 425 000.00 | 417 642.19 | 0.73 |
| USD	FMG RESOURCES AUGUST 2006 PTY LTD-144A 5.12500% 17-15.05.24 | 600 000.00 | 592 587.06 | 1.03 |
| USD	HANESBRANDS INC-144A 4.62500% 16-15.05.24 | 800 000.00 | 776 000.00 | 1.35 |
| USD	MAGALLANES INC-144A 3.42800% 22-15.03.24 | 1 000 000.00 | 970 957.64 | 1.69 |
| USD	NETFLIX INC 5.75000% 14-01.03.24 | 1 650 000.00 | 1 652 062.50 | 2.87 |
| USD	NEWMARK GROUP INC 6.12500% 19-15.11.23 | 350 000.00 | 349 114.50 | 0.61 |
| USD	NORDEA BANK ABP-144A 3.75000% 18-30.08.23 | 1 500 000.00 | 1 480 835.01 | 2.57 |
| USD	OWENS-BROCKWAY GLASS CONTAINER INC-144A 5.87500% 15-15.08.23 | 399 000.00 | 395 672.67 | 0.69 |
| USD	PRIME SEC SER BORROWER LLC/FIN INC-144A 5.25000% 19-15.04.24 | 350 000.00 | 345 625.00 | 0.60 |
| USD	QVC INC 4.85000% 14-01.04.24 | 350 000.00 | 333 236.75 | 0.58 |
| USD	SANTANDER UK PLC-144A-SUB 5.00000% 13-07.11.23 | 1 000 000.00 | 985 268.00 | 1.71 |
| USD	TAYLOR MOR/MOR HOLDINGS II INC-144A 5.62500% 14-01.03.24 | 350 000.00 | 344 403.66 | 0.60 |
| Total USD |  | 12 152 448.01 | 21.14 |
| Total des Billets, taux fixe |  | 12 152 448.01 | 21.14 |
| Billets, taux variable |  |  |  |
| USD |  |  |  |
| USD	ELANCO ANIMAL HEALTH INC STEP-UP/RTG LKD 19-27.08.23 | 355 000.00 | 353 554.50 | 0.62 |
| Total USD |  | 353 554.50 | 0.62 |
| Total des Billets, taux variable |  | 353 554.50 | 0.62 |
| Total des Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  | 12 506 002.51 | 21.76 |

Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé
Billets, taux fixe
| USD |  |
| --- | --- |
| USD | NORDSTROM INC 2.30000% 21-08.04.24 | 435 000.00 | 409 161.00 | 0.71 |
| USD | VICI PROPERTIES LP /VCI NTE CO INC-144A 5.62500% 22-01.05.24 | 500 000.00 | 495 169.39 | 0.86 |
| Total USD |  |  | 904 330.39 | 1.57 |
| Total des Billets, taux fixe | 904 330.39 | 1.57 |
| Total des Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé | 904 330.39 | 1.57 |
| Total du Portefeuille-titres | 56 273 497.25 | 97.91 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 632 508.69 | 1.10 |
| Autres actifs et passifs | 566 318.37 | 0.99 |
| Total de l’Actif net | 57 472 324.31 | 100.00 |

UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD) Rapport semestriel au 30 novembre 2022