# UBS (Lux) Bond SICAV
– Short Term USD Corporates (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| Net assets in USD |  | 937 843 109.34 | 877 789 937.60 | 953 896 328.05 |
| Class F-acc | LU0396352246 |  |  |  |
| Shares outstanding |  | 408 482.7670 | 419 131.3950 | 491 720.0000 |
| Net asset value per share in USD |  | 114.90 | 111.94 | 107.98 |
| Issue and redemption price per share in USD 1 |  | 114.90 | 111.94 | 107.98 |
| Class (CHF hedged) F-acc | LU1289971720 |  |  |  |
| Shares outstanding |  | 302 935.0000 | 301 244.0000 | 224 490.0000 |
| Net asset value per share in CHF |  | 102.72 | 100.71 | 100.18 |
| Issue and redemption price per share in CHF 1 |  | 102.72 | 100.71 | 100.18 |
| Class (EUR hedged) F-acc | LU1717044058 |  |  |  |
| Shares outstanding |  | 216 980.7880 | 253 762.7880 | 281 761.0000 |
| Net asset value per share in EUR |  | 103.06 | 100.93 | 99.87 |
| Issue and redemption price per share in EUR 1 |  | 103.06 | 100.93 | 99.87 |
| Class I-A1-acc | LU0849031678 |  |  |  |
| Shares outstanding |  | 331 128.1840 | 104 598.6990 | 107 523.5840 |
| Net asset value per share in USD |  | 117.83 | 114.88 | 110.97 |
| Issue and redemption price per share in USD 1 |  | 117.83 | 114.88 | 110.97 |
| Class I-A2-acc | LU0838529096 |  |  |  |
| Shares outstanding |  | 28 776.7380 | 28 776.7380 | 71 658.4120 |
| Net asset value per share in USD |  | 118.58 | 115.59 | 111.58 |
| Issue and redemption price per share in USD 1 |  | 118.58 | 115.59 | 111.58 |
| Class I-B-acc | LU0396353483 |  |  |  |
| Shares outstanding |  | 260 456.3000 | 432 286.4070 | 445 264.0100 |
| Net asset value per share in USD |  | 117.88 | 114.71 | 110.35 |
| Issue and redemption price per share in USD 1 |  | 117.88 | 114.71 | 110.35 |
| Class (EUR hedged) I-B-acc | LU1323607827 |  |  |  |
| Shares outstanding |  | 295 176.7020 | 446 504.5090 | 570 012.7370 |
| Net asset value per share in EUR |  | 105.34 | 103.04 | 101.66 |
| Issue and redemption price per share in EUR 1 |  | 105.34 | 103.04 | 101.66 |
| Class I-X-acc | LU0396353640 |  |  |  |
| Shares outstanding |  | 618 171.4860 | 629 678.4730 | 605 820.5070 |
| Net asset value per share in USD |  | 118.54 | 115.32 | 110.86 |
| Issue and redemption price per share in USD 1 |  | 118.54 | 115.32 | 110.86 |
| Class (CHF hedged) I-X-acc | LU0920821211 |  |  |  |
| Shares outstanding |  | 2 167 934.0930 | 2 234 861.3020 | 2 646 821.5390 |
| Net asset value per share in CHF |  | 104.71 | 102.50 | 101.60 |
| Issue and redemption price per share in CHF 1 |  | 104.71 | 102.50 | 101.60 |
| Class (EUR hedged) I-X-acc | LU1632887292 |  |  |  |
| Shares outstanding |  | 713 825.8420 | 698 516.7320 | 892 919.6540 |
| Net asset value per share in EUR |  | 103.60 | 101.30 | 99.88 |
| Issue and redemption price per share in EUR 1 |  | 103.60 | 101.30 | 99.88 |
| Class (EUR hedged) I-X-UKdist 2 | LU1885553575 |  |  |  |
| Shares outstanding |  | - | 66 800.0000 | 190 000.0000 |
| Net asset value per share in EUR |  | - | 101.13 | 101.81 |
| Issue and redemption price per share in EUR 1 |  | - | 101.13 | 101.81 |
| Class K-B-mdist 3 | LU2204822436 |  |  |  |
| Shares outstanding |  | 153 677.2050 | - | - |
| Net asset value per share in USD |  | 100.73 | - | - |
| Issue and redemption price per share in USD 1 |  | 100.73 | - | - |
| Class (EUR hedged) K-B-mdist 4 | LU2204822865 |  |  |  |
| Shares outstanding |  | 24 160.1410 | - | - |
| Net asset value per share in EUR |  | 100.49 | - | - |
| Issue and redemption price per share in EUR 1 |  | 100.49 | - | - |
| Class K-X-acc 5 | LU1564462387 |  |  |  |
| Shares outstanding |  | - | 136 879.8750 | 136 879.8750 |
| Net asset value per share in USD |  | - | 110.37 | 106.15 |
| Issue and redemption price per share in USD 1 |  | - | 110.37 | 106.15 |
| Class (EUR hedged) K-X-acc | LU1620846318 |  |  |  |
| Shares outstanding |  | 25.5790 | 23 475.2070 | 64 115.3400 |
| Net asset value per share in EUR |  | 103.64 | 101.36 | 99.98 |
| Issue and redemption price per share in EUR 1 |  | 103.64 | 101.36 | 99.98 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Semi-Annual Report as of 30 November 2020
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class P-acc | LU0151774972 |  |  |  |
| Shares outstanding |  | 547 295.4180 | 341 732.9980 | 390 038.9990 |
| Net asset value per share in USD |  | 149.16 | 145.74 | 141.42 |
| Issue and redemption price per share in USD 1 |  | 149.16 | 145.74 | 141.42 |
| Class Q-acc | LU0396352592 |  |  |  |
| Shares outstanding |  | 158 131.3020 | 147 443.7160 | 173 891.6210 |
| Net asset value per share in USD |  | 120.11 | 117.14 | 113.21 |
| Issue and redemption price per share in USD 1 |  | 120.11 | 117.14 | 113.21 |
| Class U-X-acc | LU0396353996 |  |  |  |
| Shares outstanding |  | 16 545.0000 | 15 617.0000 | 14 831.0000 |
| Net asset value per share in USD |  | 11 359.73 | 11 051.43 | 10 624.42 |
| Issue and redemption price per share in USD 1 |  | 11 359.73 | 11 051.43 | 10 624.42 |
| Class U-X-UKdist-mdist 6 | LU1839734792 |  |  |  |
| Shares outstanding | -	- | 383.0000 |
| Net asset value per share in USD | -	- | 10 175.90 |
| Issue and redemption price per share in USD 1 | -	- | 10 175.90 |
| 1  See note 1 2  The share class EUR hedged) I-X-UKdist was in circulation until 17.9.2020 3  First NAV: 31.7.2020 4  First NAV: 7.8.2020 5  The share class K-X-acc was in circulation until 5.8.2020 6  For the period from 9.7.2018 to 21.10.2019 the share class U-X-UKdist-mdist was in circulation |  |  |


## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
United States	47.53
United Kingdom	8.49
Ireland	6.27
The Netherlands	5.41
Australia	3.86
France	3.34
Denmark	2.08
Switzerland	2.00
Spain	2.00
Canada	1.86
Cayman Islands	1.57
Sweden	1.55
Mexico	1.49
Luxembourg	1.19
South Korea	1.00
Italy	0.95
Germany	0.87
United Arab Emirates	0.68
Norway	0.64
Japan	0.64
New Zealand	0.57
Mauritius	0.44
Guernsey	0.40
Finland	0.39
Supranationals	0.35
Jersey	0.34
Colombia	0.32
Uzbekistan	0.29
China	0.23
Hong Kong	0.11
Saudi Arabia	0.11
Singapore	0.09
Economic Breakdown as a % of net assets	
Banks & credit institutions	34.69
Finance & holding companies	24.51
Investment funds	6.71
Petroleum	5.21
Telecommunications	4.00
Internet, software & IT services	3.54
Computer hardware & network equipment providers	3.20
Pharmaceuticals, cosmetics & medical products	2.92
Energy & water supply	2.69
Mortgage & funding institutions	1.38
Tobacco & alcohol	1.21
Aerospace industry	1.02
Healthcare & social services	0.78
Supranational organisations	0.67
Vehicles	0.65
Miscellaneous unclassified companies	0.65
Traffic & transportation	0.61
Mining, coal & steel	0.59
Retail trade, department stores	0.53
Graphic design, publishing & media	0.35
Miscellaneous services	0.33
Miscellaneous trading companies	0.29
Insurance	0.22
Electronics & semiconductors	0.21
Building industry & materials	0.10
Total	97.06
Total	97.06
UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Semi-Annual Report as of 30 November 2020

## Statement of Net Assets
Assets	30.11.2020
USD
Investments in securities, cost	892 343 344.76
| Investments in securities, unrealized appreciation (depreciation) | 	17 955 643.51	 |
| --- | --- |
| Total investments in securities (Note 1) | 910 298 988.27 |
| Cash at banks, deposits on demand and deposit accounts | 9 548 275.90 |
| Other liquid assets (Margins) | 343 078.20 |
| Receivable on securities sales (Note 1) | 1 292 470.01 |
| Receivable on subscriptions | 20 200 909.29 |
| Interest receivable on securities | 7 099 172.10 |
| Receivable on dividends | 3 149.04 |
| Unrealized gain on forward foreign exchange contracts (Note 1) | 2 996 071.97 |
| Total Assets | 951 782 114.78 |
|  |  |
| Liabilities |  |
| Unrealized loss on financial futures (Note 1) | -938.16 |
| Interest payable on bank overdraft | -4.75 |
| Payable on redemptions | -13 802 864.01 |
| Provisions for flat fee (Note 2) | -53 024.81 |
| Provisions for taxe d’abonnement (Note 3) | -23 283.17 |
| Provisions for other commissions and fees (Note 2) | 	-58 890.54	 |
| Total provisions | -135 198.52 |
| Total Liabilities | -13 939 005.44 |
|  |  |
| Net assets at the end of the period | 937 843 109.34 |
| Statement of Operations | USD |
| Income | 1.6.2020-30.11.2020 |
| Interest on liquid assets | 281.77 |
| Interest on securities | 14 015 508.47 |
| Dividends | 34 960.47 |
| Income on securities lending (Note 12) | 49 326.83 |
| Other income (Note 4) | 479 909.92 |
| Total income | 14 579 987.46 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -561 258.72 |
| Taxe d’abonnement (Note 3) | -70 929.83 |
| Cost on securities lending (Note 12) | -19 730.73 |
| Other commissions and fees (Note 2) | -39 972.76 |
| Interest on cash and bank overdraft | -1 003.17 |
| Total expenses | -692 895.21 |
|  |  |
| Net income (loss) on investments | 13 887 092.25 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 1 226 220.22 |
| Realized gain (loss) on financial futures | 1 832 416.29 |
| Realized gain (loss) on forward foreign exchange contracts | 31 474 618.42 |
| Realized gain (loss) on foreign exchange | -518 058.07 |
| Total realized gain (loss) | 34 015 196.86 |
|  |  |
| Net realized gain (loss) of the period | 47 902 289.11 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 9 210 719.09 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | 52 527.52 |
| Unrealized appreciation (depreciation) on financial futures | -1 921 218.23 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -6 076 726.57 |
| Total changes in unrealized appreciation (depreciation) | 1 265 301.81 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 49 167 590.92 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (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 | 877 789 937.60 |
| Subscriptions | 174 695 731.94 |
| Redemptions | 	-163 525 089.74	 |
| Total net subscriptions (redemptions) | 11 170 642.20 |
| Dividend paid | -285 061.38 |
| Net income (loss) on investments | 13 887 092.25 |
| Total realized gain (loss) | 34 015 196.86 |
| Total changes in unrealized appreciation (depreciation) | 	1 265 301.81	 |
| Net increase (decrease) in net assets as a result of operations | 49 167 590.92 |
| Net assets at the end of the period | 937 843 109.34 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2020-30.11.2020 |
| Class | F-acc |
| Number of shares outstanding at the beginning of the period | 419 131.3950 |
| Number of shares issued | 19 671.6050 |
| Number of shares redeemed | -30 320.2330 |
| Number of shares outstanding at the end of the period | 408 482.7670 |
| Class | (CHF hedged) F-acc |
| Number of shares outstanding at the beginning of the period | 301 244.0000 |
| Number of shares issued | 11 584.0000 |
| Number of shares redeemed | -9 893.0000 |
| Number of shares outstanding at the end of the period | 302 935.0000 |
| Class | (EUR hedged) F-acc |
| Number of shares outstanding at the beginning of the period | 253 762.7880 |
| Number of shares issued | 2 991.0000 |
| Number of shares redeemed | -39 773.0000 |
| Number of shares outstanding at the end of the period | 216 980.7880 |
| Class | I-A1-acc |
| Number of shares outstanding at the beginning of the period | 104 598.6990 |
| Number of shares issued | 226 529.4850 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 331 128.1840 |
| Class | I-A2-acc |
| Number of shares outstanding at the beginning of the period | 28 776.7380 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 28 776.7380 |
| Class | I-B-acc |
| Number of shares outstanding at the beginning of the period | 432 286.4070 |
| Number of shares issued | 71 828.2420 |
| Number of shares redeemed | -243 658.3490 |
| Number of shares outstanding at the end of the period | 260 456.3000 |
| Class | (EUR hedged) I-B-acc |
| Number of shares outstanding at the beginning of the period | 446 504.5090 |
| Number of shares issued | 291 579.0480 |
| Number of shares redeemed | -442 906.8550 |
| Number of shares outstanding at the end of the period | 295 176.7020 |
| Class | I-X-acc |
| Number of shares outstanding at the beginning of the period | 629 678.4730 |
| Number of shares issued | 14 528.6670 |
| Number of shares redeemed | -26 035.6540 |
| Number of shares outstanding at the end of the period | 618 171.4860 |
| Class | (CHF hedged) I-X-acc |
| Number of shares outstanding at the beginning of the period | 2 234 861.3020 |
| Number of shares issued | 76 288.7920 |
| Number of shares redeemed | -143 216.0010 |
| Number of shares outstanding at the end of the period | 2 167 934.0930 |
| Class | (EUR hedged) I-X-acc |
| Number of shares outstanding at the beginning of the period | 698 516.7320 |
| Number of shares issued | 15 485.2530 |
| Number of shares redeemed | -176.1430 |
| Number of shares outstanding at the end of the period | 713 825.8420 |
| Class | (EUR hedged) I-X-UKdist |
| Number of shares outstanding at the beginning of the period | 66 800.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -66 800.0000 |
| Number of shares outstanding at the end of the period | 0.0000 |
| Class | K-B-mdist |
| Number of shares outstanding at the beginning of the period | 0.0000 |
| Number of shares issued | 153 677.2050 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 153 677.2050 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Semi-Annual Report as of 30 November 2020
| Class |  |  | (EUR hedged) K-B-mdist |
| --- | --- | --- | --- |
| Number of shares outstanding at the beginning of the period |  |  | 0.0000 |
| Number of shares issued |  |  | 24 160.1410 |
| Number of shares redeemed |  |  | 0.0000 |
| Number of shares outstanding at the end of the period |  |  | 24 160.1410 |
| Class |  |  | K-X-acc |
| Number of shares outstanding at the beginning of the period |  |  | 136 879.8750 |
| Number of shares issued |  |  | 0.0000 |
| Number of shares redeemed |  |  | -136 879.8750 |
| Number of shares outstanding at the end of the period |  |  | 0.0000 |
| Class |  |  | (EUR hedged) K-X-acc |
| Number of shares outstanding at the beginning of the period |  |  | 23 475.2070 |
| Number of shares issued |  |  | 0.0000 |
| Number of shares redeemed |  |  | -23 449.6280 |
| Number of shares outstanding at the end of the period |  |  | 25.5790 |
| Class |  |  | P-acc |
| Number of shares outstanding at the beginning of the period |  |  | 341 732.9980 |
| Number of shares issued |  |  | 235 316.5250 |
| Number of shares redeemed |  |  | -29 754.1050 |
| Number of shares outstanding at the end of the period |  |  | 547 295.4180 |
| Class |  |  | Q-acc |
| Number of shares outstanding at the beginning of the period |  |  | 147 443.7160 |
| Number of shares issued |  |  | 182 977.4250 |
| Number of shares redeemed |  |  | -172 289.8390 |
| Number of shares outstanding at the end of the period |  |  | 158 131.3020 |
| Class |  |  | U-X-acc |
| Number of shares outstanding at the beginning of the period |  |  | 15 617.0000 |
| Number of shares issued |  |  | 1 262.0000 |
| Number of shares redeemed |  |  | -334.0000 |
| Number of shares outstanding at the end of the period |  |  | 16 545.0000 |
| Annual Distribution 1 |  |  |  |
| UBS (Lux) Bond SICAV – Short Term USD Corporates (USD)	Ex-Date | Pay-Date | Currency | Amount per share |
| (EUR hedged) I-X-UKdist	15.6.2020 | 18.6.2020 | EUR | 3.20 |
| Monthly Distribution 1 |  |  |  |
| UBS (Lux) Bond SICAV – Short Term USD Corporates (USD)	Ex-Date | Pay-Date | Currency | Amount per share |
| K-B-mdist	15.9.2020 | 18.9.2020 | USD | 0.09 |
| K-B-mdist	15.10.2020 | 20.10.2020 | USD | 0.09 |
| K-B-mdist	16.11.2020 | 19.11.2020 | USD | 0.09 |
| (EUR hedged) K-B-mdist	15.9.2020 | 18.9.2020 | EUR | 0.03 |
| (EUR hedged) K-B-mdist	15.10.2020 | 20.10.2020 | EUR | 0.03 |
| (EUR hedged) K-B-mdist	16.11.2020 | 19.11.2020 | EUR | 0.03 |
| 1  See note 5 |  |  |  |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Semi-Annual Report as of 30 November 2020

## Statement of Investments in Securities and other Net Assets as of 30 November 2020
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	A.P. MOELLER-MAERSK-REG-S 3.75000% 14-22.09.24 | 2 500 000.00 | 2 725 413.75 | 0.29 |
| USD	ABBVIE INC 2.90000% 13-06.11.22 | 5 057 000.00 | 5 286 732.43 | 0.56 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.12500% 18-03.07.23 | 1 550 000.00 | 1 641 567.18 | 0.17 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.50000% 20-15.09.23 | 3 500 000.00 | 3 747 667.70 | 0.40 |
| USD	AETNA INC 2.80000% 16-15.06.23 | 1 827 000.00 | 1 920 866.33 | 0.20 |
| USD	AIR LEASE CORP 3.50000% 18-15.01.22 | 2 600 000.00 | 2 673 257.86 | 0.28 |
| USD	ALTRIA GROUP INC 3.49000% 19-14.02.22 | 500 000.00 | 519 241.20 | 0.06 |
| USD	ALTRIA GROUP INC 3.80000% 19-14.02.24 | 3 000 000.00 | 3 274 940.70 | 0.35 |
| USD	AMAZON.COM INC 2.80000% 18-22.08.24 | 2 159 000.00 | 2 337 288.92 | 0.25 |
| USD	APPLE INC 0.75000% 20-11.05.23 | 5 000 000.00 | 5 060 174.50 | 0.54 |
| USD	APPLE INC 2.25000% 16-23.02.21 | 10 480 000.00 | 10 509 972.80 | 1.12 |
| USD	APPLE INC 3.00000% 17-09.02.24 | 8 000 000.00 | 8 603 033.60 | 0.92 |
| USD	AT&T INC 3.00000% 15-30.06.22 | 3 500 000.00 | 3 630 060.00 | 0.39 |
| USD	BANCO SANTANDER SA 2.70600% 19-27.06.24 | 7 000 000.00 | 7 452 399.50 | 0.79 |
| USD	BANQUE FEDERATIVE DU CREDIT MUT-REG-S 3.75000% 18-20.07.23 | 4 000 000.00 | 4 337 246.00 | 0.46 |
| USD	BARCLAYS PLC 3.20000% 16-10.08.21 | 4 127 000.00 | 4 203 458.04 | 0.45 |
| USD	BAT CAPITAL CORP 2.78900% 19-06.09.24 | 2 109 000.00 | 2 252 399.98 | 0.24 |
| USD	BAT CAPITAL CORP 3.22200% 18-15.08.24 | 1 000 000.00 | 1 080 781.20 | 0.12 |
| USD	BAYER US FINANCE II LLC-REG-S 3.50000% 18-25.06.21 | 5 000 000.00 | 5 074 004.00 | 0.54 |
| USD	BMW FINANCE NV-REG-S 2.25000% 19-12.08.22 | 3 500 000.00 | 3 607 565.85 | 0.38 |
| USD	BMW US CAPITAL LLC-REG-S 3.80000% 20-06.04.23 | 3 000 000.00 | 3 229 300.50 | 0.34 |
| USD	BOEING CO 4.50800% 20-01.05.23 | 6 000 000.00 | 6 417 771.60 | 0.68 |
| USD	BP CAPITAL MARKETS PLC 2.75000% 18-10.05.23 | 10 000 000.00 | 10 561 796.00 | 1.13 |
| USD	BPCE SA-REG-S 4.00000% 18-12.09.23 | 4 230 000.00 | 4 602 665.12 | 0.49 |
| USD	BRISTOL-MYERS SQUIBB CO 2.90000% 20-26.07.24 | 3 000 000.00 | 3 233 217.30 | 0.34 |
| USD	BROADCOM CORP/CAYMAN FIN LTD 2.65000% 18-15.01.23 | 1 000 000.00 | 1 041 870.00 | 0.11 |
| USD	CANADIAN NATURAL RESOURCES LTD 3.80000% 14-15.04.24 | 2 000 000.00 | 2 170 286.40 | 0.23 |
| USD	CANADIAN NATURAL RESOURCES LTD 2.95000% 17-15.01.23 | 4 700 000.00 | 4 901 812.83 | 0.52 |
| USD	CENTERPOINT ENERGY INC 3.85000% 18-01.02.24 | 5 500 000.00 | 6 021 770.70 | 0.64 |
| USD	CITIGROUP INC 2.70000% 17-27.10.22 | 7 498 000.00 | 7 809 481.17 | 0.83 |
| USD	COMCAST CORP 3.70000% 18-15.04.24 | 3 000 000.00 | 3 304 436.40 | 0.35 |
| USD	CORP ANDINA DE FOMENTO 3.75000% 18-23.11.23 | 3 000 000.00 | 3 242 700.00 | 0.35 |
| USD	CORPORACION ANDINA DE FOMENTO 2.12500% 16-27.09.21 | 3 000 000.00 | 3 037 140.00 | 0.32 |
| USD	CREDIT SUISSE GRP FDNG GUERNSEY 3.80000% 16-09.06.23 | 3 500 000.00 | 3 767 291.50 | 0.40 |
| USD	CVS HEALTH CORP 3.35000% 18-09.03.21 | 1 063 000.00 | 1 071 907.41 | 0.11 |
| USD	CVS HEALTH CORP 3.70000% 18-09.03.23 | 2 588 000.00 | 2 768 901.20 | 0.29 |
| USD	DANSKE BANK AS-REG-S 2.00000% 16-08.09.21 | 9 500 000.00 | 9 621 042.35 | 1.03 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-REG-S 5.45000% 16-15.06.23 | 1 882 000.00 | 2 077 663.45 | 0.22 |
| USD	DEUTSCHE BANK AG 4.25000% 17-14.10.21 | 8 000 000.00 | 8 208 612.00 | 0.88 |
| USD	DEUTSCHE BANK AG/NEW YORK NY 4.25000% 18-04.02.21 | 3 500 000.00 | 3 519 465.95 | 0.38 |
| USD	DIAMONDBACK ENERGY INC 2.87500% 19-01.12.24 | 3 560 000.00 | 3 709 976.75 | 0.40 |
| USD	DOMINION GAS HOLDINGS LLC 2.50000% 19-15.11.24 | 2 337 000.00 | 2 492 169.32 | 0.27 |
| USD	DTE ENERGY CO 2.25000% 19-01.11.22 | 6 840 000.00 | 7 085 167.49 | 0.76 |
| USD	ENEL FINANCE INTERNATIONAL NV-REG-S 2.87500% 17-25.05.22 | 8 750 000.00 | 9 039 432.50 | 0.96 |
| USD	ENI SPA-REG-S 4.00000% 18-12.09.23 | 400 000.00 | 435 270.56 | 0.05 |
| USD	EXELON GENERATION CO LLC 3.25000% 20-01.06.25 | 3 000 000.00 | 3 230 142.60 | 0.34 |
| USD	FISERV INC 2.75000% 19-01.07.24 | 6 500 000.00 | 6 958 758.30 | 0.74 |
| USD	FORD MOTOR CREDIT CO LLC 4.37500% 13-06.08.23 | 2 500 000.00 | 2 608 100.00 | 0.28 |
| USD	FORD MOTOR CREDIT CO LLC 3.20000% 15-15.01.21 | 1 787 000.00 | 1 788 965.70 | 0.19 |
| USD	GAZ CAPITAL SA-REG-S LPN 5.99900% 11-23.01.21 | 5 000 000.00 | 5 031 250.00 | 0.54 |
| USD	GE CAPITAL INTL FUNDING CO 3.37300% 16-15.11.25 | 2 000 000.00 | 2 194 173.00 | 0.23 |
| USD	GENERAL ELECTRIC CO 3.15000% 12-07.09.22 | 2 500 000.00 | 2 613 087.25 | 0.28 |
| USD	GENERAL MOTORS FINANCIAL CO INC 4.20000% 16-01.03.21 | 5 000 000.00 | 5 027 278.50 | 0.54 |
| USD	GENERAL MOTORS FINANCIAL CO INC 3.15000% 17-30.06.22 | 3 000 000.00 | 3 100 347.90 | 0.33 |
| USD	GENERAL MOTORS FINANCIAL CO 3.55000% 18-09.04.21 | 3 500 000.00 | 3 535 499.80 | 0.38 |
| USD	GLENCORE FINANCE CANADA LTD-REG-STEP-UP 12-25.10.22 | 2 000 000.00 | 2 122 540.00 | 0.23 |
| USD	GLENCORE FUNDING LLC-144A 3.00000% 17-27.10.22 | 1 625 000.00 | 1 685 755.18 | 0.18 |
| USD	GLENCORE FUNDING LLC-REG-S 4.12500% 19-12.03.24 | 3 510 000.00 | 3 824 478.45 | 0.41 |
| USD	GOLDMAN SACHS GROUP INC 2.87500% 16-25.02.21 | 2 170 000.00 | 2 178 115.80 | 0.23 |
| USD	HUTCHINSON WHAMPOA INTL 11 LTSD-REG-S 4.62500% 12-13.01.22 | 4 100 000.00 | 4 269 275.88 | 0.46 |
| USD	HYUNDAI CAPITAL AMERICA-REG-S 3.10000% 17-05.04.22 | 3 272 000.00 | 3 370 260.45 | 0.36 |
| USD	HYUNDAI CAPITAL SERVICES INC-REG-S 3.00000% 17-29.08.22 | 3 000 000.00 | 3 106 875.00 | 0.33 |
| USD	IHS NETHERLANDS HOLDCO BV-REG-S 7.12500% 19-18.03.25 | 3 580 000.00 | 3 754 525.00 | 0.40 |
| USD	IMPERIAL BRANDS FINANCE PLC-144A 3.50000% 13-11.02.23 | 5 000 000.00 | 5 241 385.50 | 0.56 |
| USD	ING BANK NV-REG-S 2.75000% 16-22.03.21 | 2 700 000.00 | 2 720 963.07 | 0.29 |
| USD	ING GROEP NV 3.55000% 19-09.04.24 | 3 898 000.00 | 4 252 891.07 | 0.45 |
| USD	ING GROEP NV 4.10000% 18-02.10.23 | 7 064 000.00 | 7 771 654.57 | 0.83 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 1.87500% 12-01.08.22 | 1 424 000.00 | 1 461 959.43 | 0.16 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 3.00000% 19-15.05.24 | 3 094 000.00 | 3 350 398.54 | 0.36 |
| USD	KINDER MORGAN INC 3.15000% 17-15.01.23 | 1 500 000.00 | 1 574 987.70 | 0.17 |
| USD	KROGER CO 2.80000% 17-01.08.22 | 440 000.00 | 456 736.86 | 0.05 |
| USD	KROGER CO 4.00000% 14-01.02.24 | 2 000 000.00 | 2 200 359.20 | 0.23 |
| USD	KT CORP-REG-S 2.62500% 17-07.08.22 | 4 200 000.00 | 4 329 937.50 | 0.46 |
| USD	LENNOX INTERNATIONAL INC 1.35000% 20-01.08.25 | 900 000.00 | 913 870.00 | 0.10 |
| USD	LLOYDS BANKING GROUP PLC 4.05000% 18-16.08.23 | 6 000 000.00 | 6 541 194.00 | 0.70 |
| USD	MARATHON PETROLEUM CORP 4.50000% 20-01.05.23 | 5 090 000.00 | 5 501 150.35 | 0.59 |
| USD	MICROSOFT CORP 2.37500% 15-12.02.22 | 16 650 000.00 | 17 046 574.70 | 1.82 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 2.19000% 16-13.09.21 | 3 339 000.00 | 3 386 616.15 | 0.36 |
| USD	MOLSON COORS BREWING CO 2.10000% 16-15.07.21 | 7 530 000.00 | 7 597 504.19 | 0.81 |
| USD	MPLX LP 4.87500% 16-01.12.24 | 2 500 000.00 | 2 832 838.25 | 0.30 |
| USD	MTN MAURITIUS INVESTMENTS LTD-REG-S 5.37300% 16-13.02.22 | 4 000 000.00 | 4 102 500.00 | 0.44 |
| USD	NATIONAL BANK OF UZBEKISTAN-REG-S 4.85000% 20-21.10.25 | 1 667 000.00 | 1 672 834.50 | 0.18 |
| USD	NATWEST GROUP PLC 3.87500% 16-12.09.23 | 9 000 000.00 | 9 752 472.90 | 1.04 |
| USD	NBK SPC LTD-REG-S 2.75000% 17-30.05.22 | 3 000 000.00 | 3 075 937.50 | 0.33 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 2.00000% 16-13.04.21 | 1 975 000.00 | 1 987 625.59 | 0.21 |
| USD	NISSAN MOTOR ACCEPTANCE CORP-REG-S 3.87500% 18-21.09.23 | 3 000 000.00 | 3 170 499.30 | 0.34 |
| USD	NORDEA BANK ABP-REG-S 4.87500% 11-14.01.21 | 1 560 000.00 | 1 568 271.12 | 0.17 |
| USD	NORDEA BANK ABP-REG-S-SUB 4.25000% 12-21.09.22 | 851 000.00 | 904 451.57 | 0.10 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (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 | OCCIDENTAL PETROLEUM CORP 2.70000% 19-15.08.22 | 2 000 000.00 | 1 970 600.00 | 0.21 |
| USD | PARK AEROSPACE HOLDINGS LTD-REG-S 5.25000% 17-15.08.22 | 850 000.00 | 888 822.39 | 0.09 |
| USD | PLAINS ALL AMERICAN PIPELINE LP 3.65000% 12-01.06.22 | 2 000 000.00 | 2 054 144.40 | 0.22 |
| USD | SANTANDER HOLDINGS USA INC 4.45000% 18-03.12.21 | 1 200 000.00 | 1 243 005.84 | 0.13 |
| USD | SANTANDER UK GROUP HOLD PLC 2.87500% 16-05.08.21 | 5 000 000.00 | 5 082 450.00 | 0.54 |
| USD | SASOL FINANCING USA LLC 5.87500% 18-27.03.24 | 4 000 000.00 | 4 121 250.00 | 0.44 |
| USD | SAUDI ARABIAN OIL CO-REG-S 1.25000% 20-24.11.23 | 1 000 000.00 | 1 010 000.00 | 0.11 |
| USD | SCENTRE GROUP TRUST 1 /2-REG-S 2.37500% 15-28.04.21 | 1 170 000.00 | 1 174 983.38 | 0.13 |
| USD | SINOPEC GROUP OVERSEAS DEV LD-144A 3.75000% 18-12.09.23 | 2 000 000.00 | 2 138 125.00 | 0.23 |
| USD | SKANDINAVISKA ENSKILDA BANKEN AB 1.87500% 16-13.09.21 | 5 000 000.00 | 5 062 984.50 | 0.54 |
| USD | SOCIETE GENERALE-REG-S 2.62500% 19-16.10.24 | 2 800 000.00 | 2 941 356.88 | 0.31 |
| USD | SOUTHERN CO 2.95000% 16-01.07.23 | 5 000 000.00 | 5 289 152.50 | 0.56 |
| USD | SUNOCO LOGISTICS PARTNERS OPERATIONS LP 4.40000% 15-01.04.21 | 2 373 000.00 | 2 394 843.46 | 0.26 |
| USD | SWEDBANK AB-REG-S 0.60000% 20-25.09.23 | 3 000 000.00 | 3 003 150.00 | 0.32 |
| USD | TELEFONICA EMISIONES SAU 5.46200% 11-16.02.21 | 1 500 000.00 | 1 515 435.00 | 0.16 |
| USD | TELEFONICA EMISIONES SA 4.57000% 13-27.04.23 | 8 000 000.00 | 8 752 943.20 | 0.93 |
| USD | TOTAL CAPITAL INTERNATIONAL SA 2.70000% 12-25.01.23 | 2 000 000.00 | 2 101 705.80 | 0.22 |
| USD | UNITEDHEALTH GROUP INC 3.50000% 18-15.02.24 | 3 000 000.00 | 3 287 827.50 | 0.35 |
| USD | UZBEK INDUSTRIAL AND CONS ATB-REG-S 5.75000% 19-02.12.24 | 1 000 000.00 | 1 026 562.50 | 0.11 |
| USD | VERIZON COMMUNICATIONS INC 0.85000% 20-20.11.25 | 5 000 000.00 | 5 021 678.50 | 0.54 |
| USD | VMWARE INC 4.50000% 20-15.05.25 | 3 500 000.00 | 3 968 159.65 | 0.42 |
| USD | VOLKSWAGEN GRP OF AMERICA FINANCE-REG-S 4.00000% 18-12.11.21 | 5 474 000.00 | 5 657 905.60 | 0.60 |
| USD | WILLIAMS COMPANIES INC 4.55000% 14-24.06.24 | 3 000 000.00 | 3 370 546.50 | 0.36 |
| Total USD |  |  | 430 201 895.01 | 45.87 |
| Total Notes, fixed rate |  | 430 201 895.01 | 45.87 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	ABN AMRO BANK NV-REG-S-SUB 4.400%/VAR 17-27.03.28 | 2 000 000.00 | 2 128 096.00 | 0.23 |
| USD	BANCO SANTANDER SA 3M LIBOR+156BP 17-11.04.22 | 1 000 000.00 | 1 011 353.90 | 0.11 |
| USD	BANK OF AMERICA CORP 3.550%/3M LIBOR+78BP 18-05.03.24 | 14 000 000.00 | 14 911 625.40 | 1.59 |
| USD	BARCLAYS PLC 4.610%/VAR 18-15.02.23 | 8 000 000.00 | 8 368 713.60 | 0.89 |
| USD	BNP PARIBAS-REG-S 2.819% /VAR 19-19.11.25 | 5 000 000.00 | 5 317 015.00 | 0.57 |
| USD	CITIGROUP INC 2.312%/VAR 19-04.11.22 | 6 500 000.00 | 6 611 694.05 | 0.70 |
| USD	CITIGROUP INC 2.876%/VAR 17-24.07.23 | 5 000 000.00 | 5 194 400.00 | 0.55 |
| USD	CREDIT SUISSE GROUP AG-REG-S 4.207%/VAR 18-12.06.24 | 5 000 000.00 | 5 420 737.50 | 0.58 |
| USD	DANSKE BANK A/S-144A 5.000%/VAR 20-12.01.23 | 4 000 000.00 | 4 167 242.40 | 0.44 |
| USD	GOLDMAN SACHS GROUP INC 2.905%/VAR 17-24.07.23 | 18 000 000.00 | 18 715 726.80 | 2.00 |
| USD	GOLDMAN SACHS GROUP INC 3M LIBOR+78BP 17-31.10.22 | 5 000 000.00 | 5 020 540.00 | 0.54 |
| USD	HSBC HOLDINGS PLC 3.262%/VAR 17-13.03.23 | 12 000 000.00 | 12 410 826.00 | 1.32 |
| USD	JPMORGAN CHASE & CO 3.797%/VAR 18-23.07.24 | 5 000 000.00 | 5 421 114.00 | 0.58 |
| USD	JPMORGAN CHASE & CO 3.207%/VAR 19-01.04.23 | 8 000 000.00 | 8 295 040.00 | 0.88 |
| USD	MACQUARIE GROUP LTD-REG-S 3.189%/VAR 17-28.11.23 | 3 000 000.00 | 3 133 290.00 | 0.33 |
| USD	MORGAN STANLEY 3.737%/VAR 18-24.04.24 | 10 657 000.00 | 11 454 910.90 | 1.22 |
| USD	STANDARD CHARTERED PLC-144A 2.744%/VAR 19-10.09.22 | 3 000 000.00 | 3 043 504.80 | 0.33 |
| USD	STANDARD CHARTERED PLC-REG-S 2.744%/VAR 19-10.09.22 | 1 280 000.00 | 1 298 582.14 | 0.14 |
| USD	UBS GROUP AG-REG-S 2.859%/VAR 17-15.08.23 | 3 500 000.00 | 3 631 603.50 | 0.39 |
| Total USD |  | 125 556 015.99 | 13.39 |
| Total Notes, floating rate |  | 125 556 015.99 | 13.39 |
| Medium term notes, fixed rate |  |  |  |
| CHF |  |  |  |
| CHF	PETROLEOS MEXICANOS 1.50000% 15-08.12.20 | 7 000 000.00 | 7 729 150.56 | 0.82 |
| Total CHF |  | 7 729 150.56 | 0.82 |
| USD |  |  |  |
| USD	ABN AMRO BANK NV-REG-S 2.65000% 18-19.01.21 | 5 850 000.00 | 5 868 333.31 | 0.63 |
| USD	ABN AMRO BANK NV-SUB 6.25000% 11-27.04.22 | 1 000 000.00 | 1 073 656.00 | 0.11 |
| USD	ADCB FINANCE CAYMAN LTD-REG-S-SUB 4.50000% 13-06.03.23 | 2 000 000.00 | 2 133 125.00 | 0.23 |
| USD	AUSTRALIA & NEW ZEALAND BANKING GRP/NY 2.30000% 16-01.06.21 | 6 000 000.00 | 6 055 260.00 | 0.65 |
| USD	BANQUE FEDER DU CREDIT MUTUEL-REG-S 2.70000% 17-20.07.22 | 4 400 000.00 | 4 562 490.68 | 0.49 |
| USD	BNP PARIBAS-REG-S 3.80000% 17-10.01.24 | 4 000 000.00 | 4 362 521.20 | 0.47 |
| USD	CATERPILLAR FINANCIAL SERVICES CORP 1.95000% 20-18.11.22 | 3 000 000.00 | 3 092 972.40 | 0.33 |
| USD	CREDIT AGRICOLE SA LONDON-REG-S 3.37500% 17-10.01.22 | 9 000 000.00 | 9 288 868.50 | 0.99 |
| USD	HYUNDAI CAPITAL AMERICA-REG-S 3.25000% 17-20.09.22 | 4 928 000.00 | 5 125 634.98 | 0.55 |
| USD	MACQUARIE BANK LTD-REG-S-SUB 6.62500% 11-07.04.21 | 1 500 000.00 | 1 529 460.00 | 0.16 |
| USD	MDGH - GMTN BV-REG-S 2.50000% 19-07.11.24 | 10 010 000.00 | 10 520 510.00 | 1.12 |
| USD	MORGAN STANLEY 3.12500% 18-23.01.23 | 9 000 000.00 | 9 505 687.50 | 1.01 |
| USD	NESTLE HOLDINGS INC-REG-S 1.37500% 16-13.07.21 | 1 885 000.00 | 1 896 196.90 | 0.20 |
| USD	NISSAN MOTOR ACCEPTANCE CORP-REG-S 2.60000% 17-28.09.22 | 810 000.00 | 825 957.89 | 0.09 |
| USD	QNB FINANCE LTD-REG-S 3.50000% 19-28.03.24 | 6 750 000.00 | 7 218 281.25 | 0.77 |
| USD	SOCIETE GENERALE-REG-S 3.25000% 17-12.01.22 | 3 000 000.00 | 3 084 869.70 | 0.33 |
| USD	SWIRE PACIFIC MTN FINANCING LTD-REG-S 4.50000% 12-28.02.22 | 200 000.00 | 207 522.00 | 0.02 |
| USD	SWIRE PROPERTIES MTN FINANCING-REG-S 4.37500% 12-18.06.22 | 1 000 000.00 | 1 045 200.00 | 0.11 |
| USD	TORONTO-DOMINION BANK 3.25000% 18-11.06.21 | 4 195 000.00 | 4 261 359.45 | 0.45 |
| USD	TORONTO-DOMINION BANK 0.75000% 20-12.06.23 | 4 000 000.00 | 4 031 218.40 | 0.43 |
| USD	UNICREDIT SPA-REG-S 6.57200% 19-14.01.22 | 8 000 000.00 | 8 458 438.40 | 0.90 |
| Total USD |  | 94 147 563.56 | 10.04 |
| Total Medium term notes, fixed rate |  | 101 876 714.12 | 10.86 |
| Medium term notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	DBS GROUP HOLDINGS LTD-REG-S-SUB 3.600%/VAR 16-PRP | 800 000.00 | 806 552.00 | 0.09 |
| Total USD |  | 806 552.00 | 0.09 |
| Total Medium term notes, floating rate |  | 806 552.00 | 0.09 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (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) |  |

Bonds, fixed rate
| USD |  |
| --- | --- |
| USD | COMMONWEALTH BK OF AUSTRALIA-REG-S-SUB 4.50000% 15-09.12.25 | 3 800 000.00 | 4 320 410.00 | 0.46 |
| USD | ENERGY TRANSFER OPERATING LP 4.25000% 19-15.03.23 | 2 000 000.00 | 2 105 269.20 | 0.22 |
| USD | HEATHROW FUNDING LTD-REG-S 4.87500% 11-15.07.21 | 3 095 000.00 | 3 170 747.65 | 0.34 |
| USD | LG DISPLAY CO LTD-REG-S 3.87500% 18-15.11.21 | 1 940 000.00 | 1 994 480.25 | 0.21 |
| USD | MICROSOFT CORP 2.00000% 16-08.08.23 | 5 000 000.00 | 5 219 807.50 | 0.56 |
| USD | MITSUBISHI UFJ FINANCIAL GROUP INC 2.66500% 17-25.07.22 | 2 500 000.00 | 2 588 275.00 | 0.28 |
| USD | PACIFIC GAS & ELECTRIC CO 1.75000% 20-16.06.22 | 860 000.00 | 861 357.51 | 0.09 |
| USD | SANTANDER HOLDINGS USA INC 3.70000% 18-28.03.22 | 5 500 000.00 | 5 693 867.30 | 0.61 |
| USD | STANDARD CHARTERED PLC REG-S-SUB 5.70000% 12-25.01.22 | 2 000 000.00 | 2 100 600.00 | 0.22 |
| USD | UBS AG-REG-S-SUB 5.12500% 14-15.05.24 | 3 800 000.00 | 4 180 000.00 | 0.45 |
| Total USD |  |  | 32 234 814.41 | 3.44 |
| Total Bonds, fixed rate |  | 32 234 814.41 | 3.44 |
| Bonds, floating rate |  |  |  |
| USD |  |  |  |
| USD	BP CAPITAL MARKETS PLC-SUB 4.375%/VAR 20-PRP | 3 800 000.00 | 4 056 462.00 | 0.43 |
| USD	NBK TIER 1 FINANCING LTD-REG-S-SUB 5.750%/VAR 15-PRP | 1 800 000.00 | 1 804 500.00 | 0.19 |
| USD	NBK TIER 1 FINANCING 2 LTD-REG-S-SUB 4.500%/VAR 19-PRP | 1 500 000.00 | 1 498 125.00 | 0.16 |
| USD	SKANDINAVISKA ENSKILDA BANKEN-REG-S-SUB 5.125%/VAR 19-PRP | 1 800 000.00 | 1 872 000.00 | 0.20 |
| USD	VODAFONE GROUP PLC-REG-S-SUB 6.250%/VAR 18-03.10.78 | 2 800 000.00 | 3 101 112.00 | 0.33 |
| Total USD |  | 12 332 199.00 | 1.31 |
| Total Bonds, floating rate |  | 12 332 199.00 | 1.31 |
| Convertible bonds, floating rate |  |  |  |
| USD |  |  |  |
| USD	BARCLAYS PLC-SUB COCO 8.000%/VAR 19-PRP | 2 000 000.00 | 2 226 500.00 | 0.24 |
| USD	DANSKE BANK AS-REG-S-SUB 7.000%/VAR 18-PRP | 2 000 000.00 | 2 215 620.00 | 0.23 |
| Total USD |  | 4 442 120.00 | 0.47 |
| Total Convertible bonds, floating rate |  | 4 442 120.00 | 0.47 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 707 450 310.53 | 75.43 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Asset Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICREDIT AUTOMOBILE RECEIVABLE TRUST 4.04000% 18-18.11.24 | 1 100 000.00 | 1 175 090.29 | 0.12 |
| USD	CAPITAL AUTO RECEIVABLES ASSET TRU-144A 3.69000% 18-20.12.23 | 2 500 000.00 | 2 543 948.25 | 0.27 |
| USD	COLT MERGER SUB INC-144A 3.60000% 18-25.02.48 | 338 000.00 | 352 276.44 | 0.04 |
| USD	CPS AUTO RECEIVABLES TRUST -144A 4.63000% 15-16.08.21 | 688 000.00 | 50 895.58 | 0.01 |
| USD	CPS AUTO RECEIVABLES TRUST -144A 3.79000% 17-15.06.23 | 1 187 000.00 | 1 061 121.48 | 0.11 |
| USD	DRIVE AUTO RECEIVABLES TRUST 3.49000% 17-15.09.23 | 1 000 000.00 | 476 347.73 | 0.05 |
| USD	DRIVE AUTO RECEIVABLES TRUST 3.72000% 18-16.09.24 | 3 380 000.00 | 1 051 943.71 | 0.11 |
| USD	DRIVE AUTO RECEIVABLES TRUST 4.09000% 18-15.01.26 | 5 000 000.00 | 5 203 648.00 | 0.55 |
| USD	DT AUTO OWNER TRUST-144A 6.03000% 17-15.01.24 | 2 500 000.00 | 2 564 488.75 | 0.27 |
| USD	EXETER AUTOMOBILE RECEIVABLE TRUST-144A 3.53000% 18-15.11.23 | 520 000.00 | 533 678.91 | 0.06 |
| USD	EXETER AUTOMOBILE RECEIVABLES-144A 4.35000% 18-16.09.24 | 865 000.00 | 906 381.77 | 0.10 |
| USD	WORLD OMNI SELECT AUTO-144A-SUB 3.86000% 18-15.01.25 | 250 000.00 | 256 075.03 | 0.03 |
| Total USD |  | 16 175 895.94 | 1.72 |
| Total Asset Backed Securities, fixed rate |  | 16 175 895.94 | 1.72 |
| Mortgage Backed Securities, floating rate |  |  |  |
| USD |  |  |  |
| USD	MORGAN STANLEY CAPITAL INC-144A-SUB FLR 14-01.07.29 | 2 000 000.00 | 2 020 495.60 | 0.21 |
| USD	MSCG TRUST 2018-SELF-144A-SUB 1M LIBOR+90BP 18-15.10.37 | 1 000 000.00 | 1 000 019.20 | 0.11 |
| Total USD |  | 3 020 514.80 | 0.32 |
| Total Mortgage Backed Securities, floating rate |  | 3 020 514.80 | 0.32 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AETNA INC 2.75000% 12-15.11.22 | 1 996 000.00 | 2 073 474.54 | 0.22 |
| USD	AKER BP ASA-144A 4.75000% 19-15.06.24 | 3 000 000.00 | 3 100 244.70 | 0.33 |
| USD	AKER BP ASA-REG-S 4.75000% 19-15.06.24 | 2 800 000.00 | 2 893 561.72 | 0.31 |
| USD	AUSTRALIA & NEW ZEALAND BNK-REG-S-SUB 4.50000% 14-19.03.24 | 6 000 000.00 | 6 611 415.00 | 0.70 |
| USD	BANK OF AMERICA CORP 5.70000% 12-24.01.22 | 11 000 000.00 | 11 684 905.10 | 1.25 |
| USD	BANK OF NEW ZEALAND-144A 3.50000% 19-20.02.24 | 4 885 000.00 | 5 318 325.87 | 0.57 |
| USD	BAYER US FINANCE II LLC-144A 2.75000% 18-15.07.21 | 1 000 000.00 | 1 014 562.70 | 0.11 |
| USD	BROADCOM INC 3.12500% 20-15.10.22 | 960 000.00 | 1 005 264.86 | 0.11 |
| USD	DAIMLER FINANCE NORTH AMERICA LLC-144A 1.75000% 20-10.03.23 | 4 000 000.00 | 4 097 694.00 | 0.44 |
| USD	DAIMLER NORTH AMERICA CORP-144A 3.35000% 18-04.05.21 | 2 000 000.00 | 2 024 580.00 | 0.22 |
| USD	LIBERTY MUTUAL GROUP INC-144A 4.25000% 13-15.06.23 | 1 850 000.00 | 2 023 062.50 | 0.21 |
| USD	MARATHON OIL CORP 2.80000% 12-01.11.22 | 1 759 000.00 | 1 813 386.00 | 0.19 |
| USD	MPLX LP 3.50000% 20-01.12.22 | 2 895 000.00 | 3 034 579.24 | 0.32 |
| USD	NATIONAL AUSTRALIA BANK LTD/NY 3.70000% 18-04.11.21 | 3 797 000.00 | 3 913 036.32 | 0.42 |
| USD	NORDEA BANK ABP-REG-S 1.00000% 20-09.06.23 | 1 200 000.00 | 1 216 425.72 | 0.13 |
| USD	OCCIDENTAL PETROLEUM CORP 2.60000% 16-15.04.22 | 2 000 000.00 | 1 962 620.00 | 0.21 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (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 | ORIGIN ENERGY FINANCE LTD-REG-S 5.45000% 11-14.10.21 | 6 157 000.00 | 6 392 751.53 | 0.68 |
| USD | PG&E CORP 4.25000% 18-01.08.23 | 1 000 000.00 | 1 068 291.10 | 0.11 |
| USD | SKANDINAVISKA ENSKILDA BANKEN AB 2.62500% 16-15.03.21 | 3 170 000.00 | 3 191 348.36 | 0.34 |
| USD | VOLKSWAGEN GRP OF AMERICA FINANCE-144A 4.00000% 18-12.11.21 | 3 348 000.00 | 3 460 480.08 | 0.37 |
| USD | VOLKSWAGEN GRP OF AMERICA FINANCE-144A 4.25000% 18-13.11.23 | 3 000 000.00 | 3 298 426.80 | 0.35 |
| Total USD |  |  | 71 198 436.14 | 7.59 |
| Total Notes, fixed rate |  | 71 198 436.14 | 7.59 |
| Notes, zero coupon |  |  |  |
| USD |  |  |  |
| USD	AT&T INC-144A 0.00000% 07-27.11.22 | 5 000 000.00 | 4 947 407.90 | 0.53 |
| Total USD |  | 4 947 407.90 | 0.53 |
| Total Notes, zero coupon |  | 4 947 407.90 | 0.53 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	MACQUARIE GROUP LTD-144A 3.189%/VAR 17-28.11.23 | 6 800 000.00 | 7 102 124.00 | 0.76 |
| Total USD |  | 7 102 124.00 | 0.76 |
| Total Notes, floating rate |  | 7 102 124.00 | 0.76 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AUSTRALIA & NEW ZEALAND BANKING-REG-S 4.87500% 11-12.01.21 | 3 125 000.00 | 3 140 406.25 | 0.34 |
| USD	CREDIT AGRICOLE SA LONDON-144A 3.25000% 17-04.10.24 | 2 700 000.00 | 2 931 746.67 | 0.31 |
| USD	DANSKE BANK AS-144A 2.80000% 16-10.03.21 | 742 000.00 | 746 739.38 | 0.08 |
| USD	GENERAL ELECTRIC CO 3.10000% 13-09.01.23 | 2 000 000.00 | 2 104 309.60 | 0.22 |
| USD	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 3.37500% 19-11.01.22 | 684 000.00 | 707 303.12 | 0.08 |
| USD	NISSAN MOTOR ACCEPTANCE CORP-144A 2.65000% 17-13.07.22 | 1 000 000.00 | 1 018 445.30 | 0.11 |
| Total USD |  | 10 648 950.32 | 1.14 |
| Total Medium term notes, fixed rate |  | 10 648 950.32 | 1.14 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA MOVIL SAB DE CV 3.12500% 12-16.07.22 | 6 000 000.00 | 6 240 000.00 | 0.66 |
| Total USD |  | 6 240 000.00 | 0.66 |
| Total Bonds, fixed rate |  | 6 240 000.00 | 0.66 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 119 333 329.10 | 12.72 |

Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market
Asset Backed Securities, fixed rate
| USD |  |
| --- | --- |
| USD | DT AUTO OWNER TRUST-144A 3.89000% 17-15.01.23 | 1 165 000.00 | 169 575.66 | 0.02 |
| Total USD |  |  | 169 575.66 | 0.02 |
| Total Asset Backed Securities, fixed rate |  | 169 575.66 | 0.02 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ABBVIE INC 3.45000% 20-15.03.22 | 8 500 000.00 | 8 780 862.10 | 0.94 |
| USD	ABBVIE INC 5.00000% 20-15.12.21 | 6 000 000.00 | 6 201 467.40 | 0.66 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 1.10000% 20-05.05.23 | 1 210 000.00 | 1 230 834.50 | 0.13 |
| USD	SWEDBANK AB-REG-S 1.30000% 20-02.06.23 | 1 370 000.00 | 1 396 238.24 | 0.15 |
| Total USD |  | 17 609 402.24 | 1.88 |
| Total Notes, fixed rate |  | 17 609 402.24 | 1.88 |
| Bonds, floating rate |  |  |  |
| USD |  |  |  |
| USD	SCENTRE GROUP TRUST 2-REG-S-SUB 4.750%/VAR 20-24.09.80 | 2 700 000.00 | 2 805 705.00 | 0.30 |
| Total USD |  | 2 805 705.00 | 0.30 |
| Total Bonds, floating rate | 2 805 705.00 | 0.30 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market | 20 584 682.90 | 2.20 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |  |
| Investment funds, open end |  |  |
| Ireland |  |  |
| USD	UBS (IRL) SELECT MONEY MARKET FUND-USD-S-DIST	5 121.55 | 51 215 480.00 | 5.46 |
| Total Ireland | 51 215 480.00 | 5.46 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (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) |  |
| Luxembourg |  |  |  |
| USD	UBS (LUX) BOND SICAV-SHORT DURATION H Y SUST (USD) I-X-ACC | 48 400.00 | 6 164 224.00 | 0.66 |
| Total Luxembourg |  | 6 164 224.00 | 0.66 |
| Switzerland |  |  |  |
| CHF	UBS (CH) BOND FUND - ENHANCED YIELD SHORT TERM (CHF) U-X | 501.02 | 5 550 961.74 | 0.59 |
| Total Switzerland |  | 5 550 961.74 | 0.59 |
| Total Investment funds, open end |  | 62 930 665.74 | 6.71 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  | 62 930 665.74 | 6.71 |
| Total investments in securities |  | 910 298 988.27 | 97.06 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange |
| Financial Futures on bonds |
|  |  |  |  |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.21 | 900.00 | 70 311.60 | 0.01 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.21 | -480.00 | -71 249.76 | -0.01 |
| Total Financial Futures on bonds |  | -938.16 | 0.00 |
| Total Derivative instruments listed on an official stock exchange |  | -938.16 | 0.00 |
| Total Derivative instruments |  | -938.16 | 0.00 |
| Forward Foreign Exchange contracts |  |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| USD | 5 579 827.81 | CHF | 5 000 000.00 | 28.7.2021 | 15 653.17 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 257 848 000.00 | USD | 282 762 175.26 | 6.1.2021 | 2 488 160.39 | 0.26 |
| EUR | 127 525 800.00 | USD | 151 911 984.87 | 6.1.2021 | 823 946.52 | 0.09 |
| USD | 4 459 906.34 | CHF | 4 048 100.00 | 6.1.2021 | -18 398.26 | 0.00 |
| USD | 7 473 917.75 | CHF | 7 049 175.00 | 8.12.2020 | -313 289.85 | -0.03 |
| Total Forward Foreign Exchange contracts | 2 996 071.97 | 0.32 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 9 891 354.10 | 1.05 |
| Other assets and liabilities | 14 657 633.16 | 1.57 |
| Total net assets | 937 843 109.34 | 100.00 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Semi-Annual Report as of 30 November 2020

Translation (ENFR, 2020-11-30):
# UBS (Lux) Bond SICAV
– Short Term USD Corporates (USD)
| Données principales |  |
| --- | --- |
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| Actif net en USD |  | 937 843 109.34 | 877 789 937.60 | 953 896 328.05 |
| Catégorie F-acc | LU0396352246 |  |  |  |
| Actions en circulation |  | 408 482.7670 | 419 131.3950 | 491 720.0000 |
| Valeur nette d’inventaire par action en USD |  | 114.90 | 111.94 | 107.98 |
| Prix d’émission et de rachat par action en USD 1 |  | 114.90 | 111.94 | 107.98 |
| Catégorie (CHF hedged) F-acc | LU1289971720 |  |  |  |
| Actions en circulation |  | 302 935.0000 | 301 244.0000 | 224 490.0000 |
| Valeur nette d’inventaire par action en CHF |  | 102.72 | 100.71 | 100.18 |
| Prix d’émission et de rachat par action en CHF 1 |  | 102.72 | 100.71 | 100.18 |
| Catégorie (EUR hedged) F-acc | LU1717044058 |  |  |  |
| Actions en circulation |  | 216 980.7880 | 253 762.7880 | 281 761.0000 |
| Valeur nette d’inventaire par action en EUR |  | 103.06 | 100.93 | 99.87 |
| Prix d’émission et de rachat par action en EUR 1 |  | 103.06 | 100.93 | 99.87 |
| Catégorie I-A1-acc | LU0849031678 |  |  |  |
| Actions en circulation |  | 331 128.1840 | 104 598.6990 | 107 523.5840 |
| Valeur nette d’inventaire par action en USD |  | 117.83 | 114.88 | 110.97 |
| Prix d’émission et de rachat par action en USD 1 |  | 117.83 | 114.88 | 110.97 |
| Catégorie I-A2-acc | LU0838529096 |  |  |  |
| Actions en circulation |  | 28 776.7380 | 28 776.7380 | 71 658.4120 |
| Valeur nette d’inventaire par action en USD |  | 118.58 | 115.59 | 111.58 |
| Prix d’émission et de rachat par action en USD 1 |  | 118.58 | 115.59 | 111.58 |
| Catégorie I-B-acc | LU0396353483 |  |  |  |
| Actions en circulation |  | 260 456.3000 | 432 286.4070 | 445 264.0100 |
| Valeur nette d’inventaire par action en USD |  | 117.88 | 114.71 | 110.35 |
| Prix d’émission et de rachat par action en USD 1 |  | 117.88 | 114.71 | 110.35 |
| Catégorie (EUR hedged) I-B-acc | LU1323607827 |  |  |  |
| Actions en circulation |  | 295 176.7020 | 446 504.5090 | 570 012.7370 |
| Valeur nette d’inventaire par action en EUR |  | 105.34 | 103.04 | 101.66 |
| Prix d’émission et de rachat par action en EUR 1 |  | 105.34 | 103.04 | 101.66 |
| Catégorie I-X-acc | LU0396353640 |  |  |  |
| Actions en circulation |  | 618 171.4860 | 629 678.4730 | 605 820.5070 |
| Valeur nette d’inventaire par action en USD |  | 118.54 | 115.32 | 110.86 |
| Prix d’émission et de rachat par action en USD 1 |  | 118.54 | 115.32 | 110.86 |
| Catégorie (CHF hedged) I-X-acc | LU0920821211 |  |  |  |
| Actions en circulation |  | 2 167 934.0930 | 2 234 861.3020 | 2 646 821.5390 |
| Valeur nette d’inventaire par action en CHF |  | 104.71 | 102.50 | 101.60 |
| Prix d’émission et de rachat par action en CHF 1 |  | 104.71 | 102.50 | 101.60 |
| Catégorie (EUR hedged) I-X-acc | LU1632887292 |  |  |  |
| Actions en circulation |  | 713 825.8420 | 698 516.7320 | 892 919.6540 |
| Valeur nette d’inventaire par action en EUR |  | 103.60 | 101.30 | 99.88 |
| Prix d’émission et de rachat par action en EUR 1 |  | 103.60 | 101.30 | 99.88 |
| Catégorie (EUR hedged) I-X-UKdist 2 | LU1885553575 |  |  |  |
| Actions en circulation |  | - | 66 800.0000 | 190 000.0000 |
| Valeur nette d’inventaire par action en EUR |  | - | 101.13 | 101.81 |
| Prix d’émission et de rachat par action en EUR 1 |  | - | 101.13 | 101.81 |
| Catégorie K-B-mdist 3 | LU2204822436 |  |  |  |
| Actions en circulation |  | 153 677.2050 | - | - |
| Valeur nette d’inventaire par action en USD |  | 100.73 | - | - |
| Prix d’émission et de rachat par action en USD 1 |  | 100.73 | - | - |
| Catégorie (EUR hedged) K-B-mdist 4 | LU2204822865 |  |  |  |
| Actions en circulation |  | 24 160.1410 | - | - |
| Valeur nette d’inventaire par action en EUR |  | 100.49 | - | - |
| Prix d’émission et de rachat par action en EUR 1 |  | 100.49 | - | - |
| Catégorie K-X-acc 5 | LU1564462387 |  |  |  |
| Actions en circulation |  | - | 136 879.8750 | 136 879.8750 |
| Valeur nette d’inventaire par action en USD |  | - | 110.37 | 106.15 |
| Prix d’émission et de rachat par action en USD 1 |  | - | 110.37 | 106.15 |
| Catégorie (EUR hedged) K-X-acc | LU1620846318 |  |  |  |
| Actions en circulation |  | 25.5790 | 23 475.2070 | 64 115.3400 |
| Valeur nette d’inventaire par action en EUR |  | 103.64 | 101.36 | 99.98 |
| Prix d’émission et de rachat par action en EUR 1 |  | 103.64 | 101.36 | 99.98 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Rapport semestriel au 30 novembre 2020
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Catégorie P-acc | LU0151774972 |  |  |  |
| Actions en circulation |  | 547 295.4180 | 341 732.9980 | 390 038.9990 |
| Valeur nette d’inventaire par action en USD |  | 149.16 | 145.74 | 141.42 |
| Prix d’émission et de rachat par action en USD 1 |  | 149.16 | 145.74 | 141.42 |
| Catégorie Q-acc | LU0396352592 |  |  |  |
| Actions en circulation |  | 158 131.3020 | 147 443.7160 | 173 891.6210 |
| Valeur nette d’inventaire par action en USD |  | 120.11 | 117.14 | 113.21 |
| Prix d’émission et de rachat par action en USD 1 |  | 120.11 | 117.14 | 113.21 |
| Catégorie U-X-acc | LU0396353996 |  |  |  |
| Actions en circulation |  | 16 545.0000 | 15 617.0000 | 14 831.0000 |
| Valeur nette d’inventaire par action en USD |  | 11 359.73 | 11 051.43 | 10 624.42 |
| Prix d’émission et de rachat par action en USD 1 |  | 11 359.73 | 11 051.43 | 10 624.42 |
| Catégorie U-X-UKdist-mdist 6 | LU1839734792 |  |  |  |
| Actions en circulation | -	- | 383.0000 |
| Valeur nette d’inventaire par action en USD | -	- | 10 175.90 |
| Prix d’émission et de rachat par action en USD 1 | -	- | 10 175.90 |
| 1  Voir note 1 2  La catégorie d’actions (EUR hedged) I-X-UKdist était en circulation jusqu’au 17.9.2020 3  Première VNI 31.7.2020 4  Première VNI 7.8.2020 5  La catégorie d’actions K-X-acc était en circulation jusqu’au 5.8.2020 6  La catégorie d’actions U-X-UKdist-mdist était en circulation pour la période allant du 9.7.2018 au 21.10.2019 |  |  |


## Structure du portefeuille-titres
Répartition géographique en % de l’actif net	
Etats-Unis	47.53
Grande-Bretagne	8.49
Irlande	6.27
Pays-Bas	5.41
Australie	3.86
France	3.34
Danemark	2.08
Suisse	2.00
Espagne	2.00
Canada	1.86
Iles Caïmans	1.57
Suède	1.55
Mexique	1.49
Luxembourg	1.19
Corée du Sud	1.00
Italie	0.95
Allemagne	0.87
Emirats arabes unis	0.68
Norvège	0.64
Japon	0.64
Nouvelle-Zélande	0.57
Ile Maurice	0.44
Guernesey	0.40
Finlande	0.39
Supranationaux	0.35
Jersey	0.34
Colombie	0.32
Ouzbékistan	0.29
Chine	0.23
Hong Kong	0.11
Arabie saoudite	0.11
Singapour	0.09
Répartition économique en % de l’actif net	
Banques & instituts de crédit	34.69
Etablissements financiers et sociétés de participation	24.51
Fonds de placement	6.71
Pétrole	5.21
Télécommunications	4.00
Internet, logiciels et services informatiques	3.54
Equipement informatique et de réseau	3.20
Produits pharmaceutiques, cosmétiques & médicaux	2.92
Distribution d’énergie & d’eau	2.69
Emetteurs d’obligations sécurisées (Pfandbriefe) et
sociétés de refinancement	1.38
Tabac et boissons alcoolisées	1.21
Industrie aéronautique et spatiale	1.02
Soins de santé & services sociaux	0.78
Organisations supranationales	0.67
Véhicules	0.65
Diverses sociétés non classées	0.65
Trafic et transport	0.61
Industrie minière, charbon et acier	0.59
Commerce de détail, centres commerciaux	0.53
Industrie graphique, édition et médias	0.35
Services divers	0.33
Diverses sociétés commerciales	0.29
Assurances	0.22
Electronique et semi-conducteurs	0.21
Bâtiment et matériaux de construction	0.10
Total	97.06
Total	97.06
UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Rapport semestriel au 30 novembre 2020

## Etat des actifs nets
Actif	30.11.2020
USD
Portefeuille-titres, cours d’achat	892 343 344.76
| Portefeuille-titres, plus-/(moins)-value non réalisée | 	17 955 643.51	 |
| --- | --- |
| Total du Portefeuille-titres (note 1) | 910 298 988.27 |
| Avoirs en banque, dépôts à vue et à terme | 9 548 275.90 |
| Autres liquidités (marges) | 343 078.20 |
| Créances sur achats de titres (note 1) | 1 292 470.01 |
| Créances sur souscriptions | 20 200 909.29 |
| Intérêts à recevoir sur titres | 7 099 172.10 |
| Créances sur dividendes | 3 149.04 |
| Bénéfice non réalisé(e) sur contrats de change à terme (note 1) | 2 996 071.97 |
| Total de l’Actif | 951 782 114.78 |
|  |  |
| Passif |  |
| Perte non réalisé(e) sur contrats financiers à terme (note 1) | -938.16 |
| Intérêts à payer sur crédit en compte courant | -4.75 |
| Engagements sur rachats | -13 802 864.01 |
| Provisions pour commission de gestion forfaitaire (note 2) | -53 024.81 |
| Provisions pour taxe d’abonnement (note 3) | -23 283.17 |
| Provisions pour autres commissions et frais (note 2) | 	-58 890.54	 |
| Total des Provisions pour frais | -135 198.52 |
| Total du Passif | -13 939 005.44 |
|  |  |
| Actif net à la fin de la période | 937 843 109.34 |
| Etat des opérations | USD |
| Revenus | 1.6.2020-30.11.2020 |
| Revenus d’intérêts sur liquidités | 281.77 |
| Intérêts sur titres | 14 015 508.47 |
| Dividendes | 34 960.47 |
| Revenus sur prêts de titres (note 12) | 49 326.83 |
| Autres revenus (note 4) | 479 909.92 |
| Total des Revenus | 14 579 987.46 |
|  |  |
| Charges |  |
| Commission de gestion forfaitaire (note 2) | -561 258.72 |
| Taxe d’abonnement (note 3) | -70 929.83 |
| Frais sur prêts de titres (note 12) | -19 730.73 |
| Autres commissions et frais (note 2) | -39 972.76 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -1 003.17 |
| Total des Charges | -692 895.21 |
|  |  |
| Revenus/pertes net(te)s de placements | 13 887 092.25 |
|  |  |
| Bénéfices/(pertes) réalisé(e)s (note 1) |  |
| Bénéfice/(perte) réalisé(e) sur titres évalués à la valeur de marché hors options | 1 226 220.22 |
| Bénéfice/perte réalisé(e) sur contrats financiers à terme | 1 832 416.29 |
| Bénéfice/(perte) réalisé(e) sur contrats de change à terme | 31 474 618.42 |
| Bénéfice/(perte) de change réalisé(e) | -518 058.07 |
| Total des Bénéfices/(pertes) réalisé(e)s | 34 015 196.86 |
|  |  |
| Bénéfice/(perte) net(te) réalisé(e) au cours de la période | 47 902 289.11 |
|  |  |
| 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 | 9 210 719.09 |
| Plus-/(moins)-value non réalisée sur instruments du marché monétaire et titres évalués en fonction des rendements | 52 527.52 |
| Plus-/(moins)-value non réalisée sur contrats financiers à terme | -1 921 218.23 |
| Plus-/(moins)-value non réalisée sur contrats de change à terme | -6 076 726.57 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 1 265 301.81 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 49 167 590.92 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (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 | 877 789 937.60 |
| Souscriptions | 174 695 731.94 |
| Rachats | 	-163 525 089.74	 |
| Total des Entrées/(sorties) de capitaux | 11 170 642.20 |
| Dividendes versés | -285 061.38 |
| Revenus/pertes net(te)s de placements | 13 887 092.25 |
| Total des Bénéfices/(pertes) réalisé(e)s | 34 015 196.86 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 	1 265 301.81	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 49 167 590.92 |
| Actif net à la fin de la période | 937 843 109.34 |
| Evolution des actions en circulation |  |
|  | 1.6.2020-30.11.2020 |
| Catégorie | F-acc |
| Nombre d’actions en circulation au début de la période | 419 131.3950 |
| Nombre d’actions émises | 19 671.6050 |
| Nombre d’actions rachetées | -30 320.2330 |
| Nombre d’actions en circulation à la fin de la période | 408 482.7670 |
| Catégorie | (CHF hedged) F-acc |
| Nombre d’actions en circulation au début de la période | 301 244.0000 |
| Nombre d’actions émises | 11 584.0000 |
| Nombre d’actions rachetées | -9 893.0000 |
| Nombre d’actions en circulation à la fin de la période | 302 935.0000 |
| Catégorie | (EUR hedged) F-acc |
| Nombre d’actions en circulation au début de la période | 253 762.7880 |
| Nombre d’actions émises | 2 991.0000 |
| Nombre d’actions rachetées | -39 773.0000 |
| Nombre d’actions en circulation à la fin de la période | 216 980.7880 |
| Catégorie | I-A1-acc |
| Nombre d’actions en circulation au début de la période | 104 598.6990 |
| Nombre d’actions émises | 226 529.4850 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 331 128.1840 |
| Catégorie | I-A2-acc |
| Nombre d’actions en circulation au début de la période | 28 776.7380 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 28 776.7380 |
| Catégorie | I-B-acc |
| Nombre d’actions en circulation au début de la période | 432 286.4070 |
| Nombre d’actions émises | 71 828.2420 |
| Nombre d’actions rachetées | -243 658.3490 |
| Nombre d’actions en circulation à la fin de la période | 260 456.3000 |
| Catégorie | (EUR hedged) I-B-acc |
| Nombre d’actions en circulation au début de la période | 446 504.5090 |
| Nombre d’actions émises | 291 579.0480 |
| Nombre d’actions rachetées | -442 906.8550 |
| Nombre d’actions en circulation à la fin de la période | 295 176.7020 |
| Catégorie | I-X-acc |
| Nombre d’actions en circulation au début de la période | 629 678.4730 |
| Nombre d’actions émises | 14 528.6670 |
| Nombre d’actions rachetées | -26 035.6540 |
| Nombre d’actions en circulation à la fin de la période | 618 171.4860 |
| Catégorie | (CHF hedged) I-X-acc |
| Nombre d’actions en circulation au début de la période | 2 234 861.3020 |
| Nombre d’actions émises | 76 288.7920 |
| Nombre d’actions rachetées | -143 216.0010 |
| Nombre d’actions en circulation à la fin de la période | 2 167 934.0930 |
| Catégorie | (EUR hedged) I-X-acc |
| Nombre d’actions en circulation au début de la période | 698 516.7320 |
| Nombre d’actions émises | 15 485.2530 |
| Nombre d’actions rachetées | -176.1430 |
| Nombre d’actions en circulation à la fin de la période | 713 825.8420 |
| Catégorie | (EUR hedged) I-X-UKdist |
| Nombre d’actions en circulation au début de la période | 66 800.0000 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -66 800.0000 |
| Nombre d’actions en circulation à la fin de la période | 0.0000 |
| Catégorie | K-B-mdist |
| Nombre d’actions en circulation au début de la période | 0.0000 |
| Nombre d’actions émises | 153 677.2050 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 153 677.2050 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Rapport semestriel au 30 novembre 2020
| Catégorie |  |  | (EUR hedged) K-B-mdist |
| --- | --- | --- | --- |
| Nombre d’actions en circulation au début de la période |  |  | 0.0000 |
| Nombre d’actions émises |  |  | 24 160.1410 |
| Nombre d’actions rachetées |  |  | 0.0000 |
| Nombre d’actions en circulation à la fin de la période |  |  | 24 160.1410 |
| Catégorie |  |  | K-X-acc |
| Nombre d’actions en circulation au début de la période |  |  | 136 879.8750 |
| Nombre d’actions émises |  |  | 0.0000 |
| Nombre d’actions rachetées |  |  | -136 879.8750 |
| Nombre d’actions en circulation à la fin de la période |  |  | 0.0000 |
| Catégorie |  |  | (EUR hedged) K-X-acc |
| Nombre d’actions en circulation au début de la période |  |  | 23 475.2070 |
| Nombre d’actions émises |  |  | 0.0000 |
| Nombre d’actions rachetées |  |  | -23 449.6280 |
| Nombre d’actions en circulation à la fin de la période |  |  | 25.5790 |
| Catégorie |  |  | P-acc |
| Nombre d’actions en circulation au début de la période |  |  | 341 732.9980 |
| Nombre d’actions émises |  |  | 235 316.5250 |
| Nombre d’actions rachetées |  |  | -29 754.1050 |
| Nombre d’actions en circulation à la fin de la période |  |  | 547 295.4180 |
| Catégorie |  |  | Q-acc |
| Nombre d’actions en circulation au début de la période |  |  | 147 443.7160 |
| Nombre d’actions émises |  |  | 182 977.4250 |
| Nombre d’actions rachetées |  |  | -172 289.8390 |
| Nombre d’actions en circulation à la fin de la période |  |  | 158 131.3020 |
| Catégorie |  |  | U-X-acc |
| Nombre d’actions en circulation au début de la période |  |  | 15 617.0000 |
| Nombre d’actions émises |  |  | 1 262.0000 |
| Nombre d’actions rachetées |  |  | -334.0000 |
| Nombre d’actions en circulation à la fin de la période |  |  | 16 545.0000 |
| Distribution annuelle 1 |  |  |  |
| UBS (Lux) Bond SICAV – Short Term USD Corporates (USD)	Date de détachement | Date de versement | Devise | Montant par action |
| (EUR hedged) I-X-UKdist	15.6.2020 | 18.6.2020 | EUR | 3.20 |
| Distribution mensuelle 1 |  |  |  |
| UBS (Lux) Bond SICAV – Short Term USD Corporates (USD)	Date de détachement | Date de versement | Devise | Montant par action |
| K-B-mdist	15.9.2020 | 18.9.2020 | USD | 0.09 |
| K-B-mdist	15.10.2020 | 20.10.2020 | USD | 0.09 |
| K-B-mdist	16.11.2020 | 19.11.2020 | USD | 0.09 |
| (EUR hedged) K-B-mdist	15.9.2020 | 18.9.2020 | EUR | 0.03 |
| (EUR hedged) K-B-mdist	15.10.2020 | 20.10.2020 | EUR | 0.03 |
| (EUR hedged) K-B-mdist	16.11.2020 | 19.11.2020 | EUR | 0.03 |
| 1  Voir note 5 |  |  |  |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Rapport semestriel au 30 novembre 2020

## Etat du portefeuille-titres et autres actifs nets au 30 novembre 2020
| Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
| Titres et instruments du marché monétaire négociés sur une bourse officielle Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	A.P. MOELLER-MAERSK-REG-S 3.75000% 14-22.09.24 | 2 500 000.00 | 2 725 413.75 | 0.29 |
| USD	ABBVIE INC 2.90000% 13-06.11.22 | 5 057 000.00 | 5 286 732.43 | 0.56 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.12500% 18-03.07.23 | 1 550 000.00 | 1 641 567.18 | 0.17 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.50000% 20-15.09.23 | 3 500 000.00 | 3 747 667.70 | 0.40 |
| USD	AETNA INC 2.80000% 16-15.06.23 | 1 827 000.00 | 1 920 866.33 | 0.20 |
| USD	AIR LEASE CORP 3.50000% 18-15.01.22 | 2 600 000.00 | 2 673 257.86 | 0.28 |
| USD	ALTRIA GROUP INC 3.49000% 19-14.02.22 | 500 000.00 | 519 241.20 | 0.06 |
| USD	ALTRIA GROUP INC 3.80000% 19-14.02.24 | 3 000 000.00 | 3 274 940.70 | 0.35 |
| USD	AMAZON.COM INC 2.80000% 18-22.08.24 | 2 159 000.00 | 2 337 288.92 | 0.25 |
| USD	APPLE INC 0.75000% 20-11.05.23 | 5 000 000.00 | 5 060 174.50 | 0.54 |
| USD	APPLE INC 2.25000% 16-23.02.21 | 10 480 000.00 | 10 509 972.80 | 1.12 |
| USD	APPLE INC 3.00000% 17-09.02.24 | 8 000 000.00 | 8 603 033.60 | 0.92 |
| USD	AT&T INC 3.00000% 15-30.06.22 | 3 500 000.00 | 3 630 060.00 | 0.39 |
| USD	BANCO SANTANDER SA 2.70600% 19-27.06.24 | 7 000 000.00 | 7 452 399.50 | 0.79 |
| USD	BANQUE FEDERATIVE DU CREDIT MUT-REG-S 3.75000% 18-20.07.23 | 4 000 000.00 | 4 337 246.00 | 0.46 |
| USD	BARCLAYS PLC 3.20000% 16-10.08.21 | 4 127 000.00 | 4 203 458.04 | 0.45 |
| USD	BAT CAPITAL CORP 2.78900% 19-06.09.24 | 2 109 000.00 | 2 252 399.98 | 0.24 |
| USD	BAT CAPITAL CORP 3.22200% 18-15.08.24 | 1 000 000.00 | 1 080 781.20 | 0.12 |
| USD	BAYER US FINANCE II LLC-REG-S 3.50000% 18-25.06.21 | 5 000 000.00 | 5 074 004.00 | 0.54 |
| USD	BMW FINANCE NV-REG-S 2.25000% 19-12.08.22 | 3 500 000.00 | 3 607 565.85 | 0.38 |
| USD	BMW US CAPITAL LLC-REG-S 3.80000% 20-06.04.23 | 3 000 000.00 | 3 229 300.50 | 0.34 |
| USD	BOEING CO 4.50800% 20-01.05.23 | 6 000 000.00 | 6 417 771.60 | 0.68 |
| USD	BP CAPITAL MARKETS PLC 2.75000% 18-10.05.23 | 10 000 000.00 | 10 561 796.00 | 1.13 |
| USD	BPCE SA-REG-S 4.00000% 18-12.09.23 | 4 230 000.00 | 4 602 665.12 | 0.49 |
| USD	BRISTOL-MYERS SQUIBB CO 2.90000% 20-26.07.24 | 3 000 000.00 | 3 233 217.30 | 0.34 |
| USD	BROADCOM CORP/CAYMAN FIN LTD 2.65000% 18-15.01.23 | 1 000 000.00 | 1 041 870.00 | 0.11 |
| USD	CANADIAN NATURAL RESOURCES LTD 3.80000% 14-15.04.24 | 2 000 000.00 | 2 170 286.40 | 0.23 |
| USD	CANADIAN NATURAL RESOURCES LTD 2.95000% 17-15.01.23 | 4 700 000.00 | 4 901 812.83 | 0.52 |
| USD	CENTERPOINT ENERGY INC 3.85000% 18-01.02.24 | 5 500 000.00 | 6 021 770.70 | 0.64 |
| USD	CITIGROUP INC 2.70000% 17-27.10.22 | 7 498 000.00 | 7 809 481.17 | 0.83 |
| USD	COMCAST CORP 3.70000% 18-15.04.24 | 3 000 000.00 | 3 304 436.40 | 0.35 |
| USD	CORP ANDINA DE FOMENTO 3.75000% 18-23.11.23 | 3 000 000.00 | 3 242 700.00 | 0.35 |
| USD	CORPORACION ANDINA DE FOMENTO 2.12500% 16-27.09.21 | 3 000 000.00 | 3 037 140.00 | 0.32 |
| USD	CREDIT SUISSE GRP FDNG GUERNSEY 3.80000% 16-09.06.23 | 3 500 000.00 | 3 767 291.50 | 0.40 |
| USD	CVS HEALTH CORP 3.35000% 18-09.03.21 | 1 063 000.00 | 1 071 907.41 | 0.11 |
| USD	CVS HEALTH CORP 3.70000% 18-09.03.23 | 2 588 000.00 | 2 768 901.20 | 0.29 |
| USD	DANSKE BANK AS-REG-S 2.00000% 16-08.09.21 | 9 500 000.00 | 9 621 042.35 | 1.03 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-REG-S 5.45000% 16-15.06.23 | 1 882 000.00 | 2 077 663.45 | 0.22 |
| USD	DEUTSCHE BANK AG 4.25000% 17-14.10.21 | 8 000 000.00 | 8 208 612.00 | 0.88 |
| USD	DEUTSCHE BANK AG/NEW YORK NY 4.25000% 18-04.02.21 | 3 500 000.00 | 3 519 465.95 | 0.38 |
| USD	DIAMONDBACK ENERGY INC 2.87500% 19-01.12.24 | 3 560 000.00 | 3 709 976.75 | 0.40 |
| USD	DOMINION GAS HOLDINGS LLC 2.50000% 19-15.11.24 | 2 337 000.00 | 2 492 169.32 | 0.27 |
| USD	DTE ENERGY CO 2.25000% 19-01.11.22 | 6 840 000.00 | 7 085 167.49 | 0.76 |
| USD	ENEL FINANCE INTERNATIONAL NV-REG-S 2.87500% 17-25.05.22 | 8 750 000.00 | 9 039 432.50 | 0.96 |
| USD	ENI SPA-REG-S 4.00000% 18-12.09.23 | 400 000.00 | 435 270.56 | 0.05 |
| USD	EXELON GENERATION CO LLC 3.25000% 20-01.06.25 | 3 000 000.00 | 3 230 142.60 | 0.34 |
| USD	FISERV INC 2.75000% 19-01.07.24 | 6 500 000.00 | 6 958 758.30 | 0.74 |
| USD	FORD MOTOR CREDIT CO LLC 4.37500% 13-06.08.23 | 2 500 000.00 | 2 608 100.00 | 0.28 |
| USD	FORD MOTOR CREDIT CO LLC 3.20000% 15-15.01.21 | 1 787 000.00 | 1 788 965.70 | 0.19 |
| USD	GAZ CAPITAL SA-REG-S LPN 5.99900% 11-23.01.21 | 5 000 000.00 | 5 031 250.00 | 0.54 |
| USD	GE CAPITAL INTL FUNDING CO 3.37300% 16-15.11.25 | 2 000 000.00 | 2 194 173.00 | 0.23 |
| USD	GENERAL ELECTRIC CO 3.15000% 12-07.09.22 | 2 500 000.00 | 2 613 087.25 | 0.28 |
| USD	GENERAL MOTORS FINANCIAL CO INC 4.20000% 16-01.03.21 | 5 000 000.00 | 5 027 278.50 | 0.54 |
| USD	GENERAL MOTORS FINANCIAL CO INC 3.15000% 17-30.06.22 | 3 000 000.00 | 3 100 347.90 | 0.33 |
| USD	GENERAL MOTORS FINANCIAL CO 3.55000% 18-09.04.21 | 3 500 000.00 | 3 535 499.80 | 0.38 |
| USD	GLENCORE FINANCE CANADA LTD-REG-STEP-UP 12-25.10.22 | 2 000 000.00 | 2 122 540.00 | 0.23 |
| USD	GLENCORE FUNDING LLC-144A 3.00000% 17-27.10.22 | 1 625 000.00 | 1 685 755.18 | 0.18 |
| USD	GLENCORE FUNDING LLC-REG-S 4.12500% 19-12.03.24 | 3 510 000.00 | 3 824 478.45 | 0.41 |
| USD	GOLDMAN SACHS GROUP INC 2.87500% 16-25.02.21 | 2 170 000.00 | 2 178 115.80 | 0.23 |
| USD	HUTCHINSON WHAMPOA INTL 11 LTSD-REG-S 4.62500% 12-13.01.22 | 4 100 000.00 | 4 269 275.88 | 0.46 |
| USD	HYUNDAI CAPITAL AMERICA-REG-S 3.10000% 17-05.04.22 | 3 272 000.00 | 3 370 260.45 | 0.36 |
| USD	HYUNDAI CAPITAL SERVICES INC-REG-S 3.00000% 17-29.08.22 | 3 000 000.00 | 3 106 875.00 | 0.33 |
| USD	IHS NETHERLANDS HOLDCO BV-REG-S 7.12500% 19-18.03.25 | 3 580 000.00 | 3 754 525.00 | 0.40 |
| USD	IMPERIAL BRANDS FINANCE PLC-144A 3.50000% 13-11.02.23 | 5 000 000.00 | 5 241 385.50 | 0.56 |
| USD	ING BANK NV-REG-S 2.75000% 16-22.03.21 | 2 700 000.00 | 2 720 963.07 | 0.29 |
| USD	ING GROEP NV 3.55000% 19-09.04.24 | 3 898 000.00 | 4 252 891.07 | 0.45 |
| USD	ING GROEP NV 4.10000% 18-02.10.23 | 7 064 000.00 | 7 771 654.57 | 0.83 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 1.87500% 12-01.08.22 | 1 424 000.00 | 1 461 959.43 | 0.16 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 3.00000% 19-15.05.24 | 3 094 000.00 | 3 350 398.54 | 0.36 |
| USD	KINDER MORGAN INC 3.15000% 17-15.01.23 | 1 500 000.00 | 1 574 987.70 | 0.17 |
| USD	KROGER CO 2.80000% 17-01.08.22 | 440 000.00 | 456 736.86 | 0.05 |
| USD	KROGER CO 4.00000% 14-01.02.24 | 2 000 000.00 | 2 200 359.20 | 0.23 |
| USD	KT CORP-REG-S 2.62500% 17-07.08.22 | 4 200 000.00 | 4 329 937.50 | 0.46 |
| USD	LENNOX INTERNATIONAL INC 1.35000% 20-01.08.25 | 900 000.00 | 913 870.00 | 0.10 |
| USD	LLOYDS BANKING GROUP PLC 4.05000% 18-16.08.23 | 6 000 000.00 | 6 541 194.00 | 0.70 |
| USD	MARATHON PETROLEUM CORP 4.50000% 20-01.05.23 | 5 090 000.00 | 5 501 150.35 | 0.59 |
| USD	MICROSOFT CORP 2.37500% 15-12.02.22 | 16 650 000.00 | 17 046 574.70 | 1.82 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 2.19000% 16-13.09.21 | 3 339 000.00 | 3 386 616.15 | 0.36 |
| USD	MOLSON COORS BREWING CO 2.10000% 16-15.07.21 | 7 530 000.00 | 7 597 504.19 | 0.81 |
| USD	MPLX LP 4.87500% 16-01.12.24 | 2 500 000.00 | 2 832 838.25 | 0.30 |
| USD	MTN MAURITIUS INVESTMENTS LTD-REG-S 5.37300% 16-13.02.22 | 4 000 000.00 | 4 102 500.00 | 0.44 |
| USD	NATIONAL BANK OF UZBEKISTAN-REG-S 4.85000% 20-21.10.25 | 1 667 000.00 | 1 672 834.50 | 0.18 |
| USD	NATWEST GROUP PLC 3.87500% 16-12.09.23 | 9 000 000.00 | 9 752 472.90 | 1.04 |
| USD	NBK SPC LTD-REG-S 2.75000% 17-30.05.22 | 3 000 000.00 | 3 075 937.50 | 0.33 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 2.00000% 16-13.04.21 | 1 975 000.00 | 1 987 625.59 | 0.21 |
| USD	NISSAN MOTOR ACCEPTANCE CORP-REG-S 3.87500% 18-21.09.23 | 3 000 000.00 | 3 170 499.30 | 0.34 |
| USD	NORDEA BANK ABP-REG-S 4.87500% 11-14.01.21 | 1 560 000.00 | 1 568 271.12 | 0.17 |
| USD	NORDEA BANK ABP-REG-S-SUB 4.25000% 12-21.09.22 | 851 000.00 | 904 451.57 | 0.10 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (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 | OCCIDENTAL PETROLEUM CORP 2.70000% 19-15.08.22 | 2 000 000.00 | 1 970 600.00 | 0.21 |
| USD | PARK AEROSPACE HOLDINGS LTD-REG-S 5.25000% 17-15.08.22 | 850 000.00 | 888 822.39 | 0.09 |
| USD | PLAINS ALL AMERICAN PIPELINE LP 3.65000% 12-01.06.22 | 2 000 000.00 | 2 054 144.40 | 0.22 |
| USD | SANTANDER HOLDINGS USA INC 4.45000% 18-03.12.21 | 1 200 000.00 | 1 243 005.84 | 0.13 |
| USD | SANTANDER UK GROUP HOLD PLC 2.87500% 16-05.08.21 | 5 000 000.00 | 5 082 450.00 | 0.54 |
| USD | SASOL FINANCING USA LLC 5.87500% 18-27.03.24 | 4 000 000.00 | 4 121 250.00 | 0.44 |
| USD | SAUDI ARABIAN OIL CO-REG-S 1.25000% 20-24.11.23 | 1 000 000.00 | 1 010 000.00 | 0.11 |
| USD | SCENTRE GROUP TRUST 1 /2-REG-S 2.37500% 15-28.04.21 | 1 170 000.00 | 1 174 983.38 | 0.13 |
| USD | SINOPEC GROUP OVERSEAS DEV LD-144A 3.75000% 18-12.09.23 | 2 000 000.00 | 2 138 125.00 | 0.23 |
| USD | SKANDINAVISKA ENSKILDA BANKEN AB 1.87500% 16-13.09.21 | 5 000 000.00 | 5 062 984.50 | 0.54 |
| USD | SOCIETE GENERALE-REG-S 2.62500% 19-16.10.24 | 2 800 000.00 | 2 941 356.88 | 0.31 |
| USD | SOUTHERN CO 2.95000% 16-01.07.23 | 5 000 000.00 | 5 289 152.50 | 0.56 |
| USD | SUNOCO LOGISTICS PARTNERS OPERATIONS LP 4.40000% 15-01.04.21 | 2 373 000.00 | 2 394 843.46 | 0.26 |
| USD | SWEDBANK AB-REG-S 0.60000% 20-25.09.23 | 3 000 000.00 | 3 003 150.00 | 0.32 |
| USD | TELEFONICA EMISIONES SAU 5.46200% 11-16.02.21 | 1 500 000.00 | 1 515 435.00 | 0.16 |
| USD | TELEFONICA EMISIONES SA 4.57000% 13-27.04.23 | 8 000 000.00 | 8 752 943.20 | 0.93 |
| USD | TOTAL CAPITAL INTERNATIONAL SA 2.70000% 12-25.01.23 | 2 000 000.00 | 2 101 705.80 | 0.22 |
| USD | UNITEDHEALTH GROUP INC 3.50000% 18-15.02.24 | 3 000 000.00 | 3 287 827.50 | 0.35 |
| USD | UZBEK INDUSTRIAL AND CONS ATB-REG-S 5.75000% 19-02.12.24 | 1 000 000.00 | 1 026 562.50 | 0.11 |
| USD | VERIZON COMMUNICATIONS INC 0.85000% 20-20.11.25 | 5 000 000.00 | 5 021 678.50 | 0.54 |
| USD | VMWARE INC 4.50000% 20-15.05.25 | 3 500 000.00 | 3 968 159.65 | 0.42 |
| USD | VOLKSWAGEN GRP OF AMERICA FINANCE-REG-S 4.00000% 18-12.11.21 | 5 474 000.00 | 5 657 905.60 | 0.60 |
| USD | WILLIAMS COMPANIES INC 4.55000% 14-24.06.24 | 3 000 000.00 | 3 370 546.50 | 0.36 |
| Total USD |  |  | 430 201 895.01 | 45.87 |
| Total des Billets, taux fixe |  | 430 201 895.01 | 45.87 |
| Billets, taux variable |  |  |  |
| USD |  |  |  |
| USD	ABN AMRO BANK NV-REG-S-SUB 4.400%/VAR 17-27.03.28 | 2 000 000.00 | 2 128 096.00 | 0.23 |
| USD	BANCO SANTANDER SA 3M LIBOR+156BP 17-11.04.22 | 1 000 000.00 | 1 011 353.90 | 0.11 |
| USD	BANK OF AMERICA CORP 3.550%/3M LIBOR+78BP 18-05.03.24 | 14 000 000.00 | 14 911 625.40 | 1.59 |
| USD	BARCLAYS PLC 4.610%/VAR 18-15.02.23 | 8 000 000.00 | 8 368 713.60 | 0.89 |
| USD	BNP PARIBAS-REG-S 2.819% /VAR 19-19.11.25 | 5 000 000.00 | 5 317 015.00 | 0.57 |
| USD	CITIGROUP INC 2.312%/VAR 19-04.11.22 | 6 500 000.00 | 6 611 694.05 | 0.70 |
| USD	CITIGROUP INC 2.876%/VAR 17-24.07.23 | 5 000 000.00 | 5 194 400.00 | 0.55 |
| USD	CREDIT SUISSE GROUP AG-REG-S 4.207%/VAR 18-12.06.24 | 5 000 000.00 | 5 420 737.50 | 0.58 |
| USD	DANSKE BANK A/S-144A 5.000%/VAR 20-12.01.23 | 4 000 000.00 | 4 167 242.40 | 0.44 |
| USD	GOLDMAN SACHS GROUP INC 2.905%/VAR 17-24.07.23 | 18 000 000.00 | 18 715 726.80 | 2.00 |
| USD	GOLDMAN SACHS GROUP INC 3M LIBOR+78BP 17-31.10.22 | 5 000 000.00 | 5 020 540.00 | 0.54 |
| USD	HSBC HOLDINGS PLC 3.262%/VAR 17-13.03.23 | 12 000 000.00 | 12 410 826.00 | 1.32 |
| USD	JPMORGAN CHASE & CO 3.797%/VAR 18-23.07.24 | 5 000 000.00 | 5 421 114.00 | 0.58 |
| USD	JPMORGAN CHASE & CO 3.207%/VAR 19-01.04.23 | 8 000 000.00 | 8 295 040.00 | 0.88 |
| USD	MACQUARIE GROUP LTD-REG-S 3.189%/VAR 17-28.11.23 | 3 000 000.00 | 3 133 290.00 | 0.33 |
| USD	MORGAN STANLEY 3.737%/VAR 18-24.04.24 | 10 657 000.00 | 11 454 910.90 | 1.22 |
| USD	STANDARD CHARTERED PLC-144A 2.744%/VAR 19-10.09.22 | 3 000 000.00 | 3 043 504.80 | 0.33 |
| USD	STANDARD CHARTERED PLC-REG-S 2.744%/VAR 19-10.09.22 | 1 280 000.00 | 1 298 582.14 | 0.14 |
| USD	UBS GROUP AG-REG-S 2.859%/VAR 17-15.08.23 | 3 500 000.00 | 3 631 603.50 | 0.39 |
| Total USD |  | 125 556 015.99 | 13.39 |
| Total des Billets, taux variable |  | 125 556 015.99 | 13.39 |
| Medium-Term Notes, taux fixe |  |  |  |
| CHF |  |  |  |
| CHF	PETROLEOS MEXICANOS 1.50000% 15-08.12.20 | 7 000 000.00 | 7 729 150.56 | 0.82 |
| Total CHF |  | 7 729 150.56 | 0.82 |
| USD |  |  |  |
| USD	ABN AMRO BANK NV-REG-S 2.65000% 18-19.01.21 | 5 850 000.00 | 5 868 333.31 | 0.63 |
| USD	ABN AMRO BANK NV-SUB 6.25000% 11-27.04.22 | 1 000 000.00 | 1 073 656.00 | 0.11 |
| USD	ADCB FINANCE CAYMAN LTD-REG-S-SUB 4.50000% 13-06.03.23 | 2 000 000.00 | 2 133 125.00 | 0.23 |
| USD	AUSTRALIA & NEW ZEALAND BANKING GRP/NY 2.30000% 16-01.06.21 | 6 000 000.00 | 6 055 260.00 | 0.65 |
| USD	BANQUE FEDER DU CREDIT MUTUEL-REG-S 2.70000% 17-20.07.22 | 4 400 000.00 | 4 562 490.68 | 0.49 |
| USD	BNP PARIBAS-REG-S 3.80000% 17-10.01.24 | 4 000 000.00 | 4 362 521.20 | 0.47 |
| USD	CATERPILLAR FINANCIAL SERVICES CORP 1.95000% 20-18.11.22 | 3 000 000.00 | 3 092 972.40 | 0.33 |
| USD	CREDIT AGRICOLE SA LONDON-REG-S 3.37500% 17-10.01.22 | 9 000 000.00 | 9 288 868.50 | 0.99 |
| USD	HYUNDAI CAPITAL AMERICA-REG-S 3.25000% 17-20.09.22 | 4 928 000.00 | 5 125 634.98 | 0.55 |
| USD	MACQUARIE BANK LTD-REG-S-SUB 6.62500% 11-07.04.21 | 1 500 000.00 | 1 529 460.00 | 0.16 |
| USD	MDGH - GMTN BV-REG-S 2.50000% 19-07.11.24 | 10 010 000.00 | 10 520 510.00 | 1.12 |
| USD	MORGAN STANLEY 3.12500% 18-23.01.23 | 9 000 000.00 | 9 505 687.50 | 1.01 |
| USD	NESTLE HOLDINGS INC-REG-S 1.37500% 16-13.07.21 | 1 885 000.00 | 1 896 196.90 | 0.20 |
| USD	NISSAN MOTOR ACCEPTANCE CORP-REG-S 2.60000% 17-28.09.22 | 810 000.00 | 825 957.89 | 0.09 |
| USD	QNB FINANCE LTD-REG-S 3.50000% 19-28.03.24 | 6 750 000.00 | 7 218 281.25 | 0.77 |
| USD	SOCIETE GENERALE-REG-S 3.25000% 17-12.01.22 | 3 000 000.00 | 3 084 869.70 | 0.33 |
| USD	SWIRE PACIFIC MTN FINANCING LTD-REG-S 4.50000% 12-28.02.22 | 200 000.00 | 207 522.00 | 0.02 |
| USD	SWIRE PROPERTIES MTN FINANCING-REG-S 4.37500% 12-18.06.22 | 1 000 000.00 | 1 045 200.00 | 0.11 |
| USD	TORONTO-DOMINION BANK 3.25000% 18-11.06.21 | 4 195 000.00 | 4 261 359.45 | 0.45 |
| USD	TORONTO-DOMINION BANK 0.75000% 20-12.06.23 | 4 000 000.00 | 4 031 218.40 | 0.43 |
| USD	UNICREDIT SPA-REG-S 6.57200% 19-14.01.22 | 8 000 000.00 | 8 458 438.40 | 0.90 |
| Total USD |  | 94 147 563.56 | 10.04 |
| Total des Medium-Term Notes, taux fixe |  | 101 876 714.12 | 10.86 |
| Medium-Term Notes, taux variable |  |  |  |
| USD |  |  |  |
| USD	DBS GROUP HOLDINGS LTD-REG-S-SUB 3.600%/VAR 16-PRP | 800 000.00 | 806 552.00 | 0.09 |
| Total USD |  | 806 552.00 | 0.09 |
| Total des Medium-Term Notes, taux variable |  | 806 552.00 | 0.09 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (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) |  |
| Obligations, taux fixe |  |  |  |
| USD |  |  |  |
| USD	COMMONWEALTH BK OF AUSTRALIA-REG-S-SUB 4.50000% 15-09.12.25 | 3 800 000.00 | 4 320 410.00 | 0.46 |
| USD	ENERGY TRANSFER OPERATING LP 4.25000% 19-15.03.23 | 2 000 000.00 | 2 105 269.20 | 0.22 |
| USD	HEATHROW FUNDING LTD-REG-S 4.87500% 11-15.07.21 | 3 095 000.00 | 3 170 747.65 | 0.34 |
| USD	LG DISPLAY CO LTD-REG-S 3.87500% 18-15.11.21 | 1 940 000.00 | 1 994 480.25 | 0.21 |
| USD	MICROSOFT CORP 2.00000% 16-08.08.23 | 5 000 000.00 | 5 219 807.50 | 0.56 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 2.66500% 17-25.07.22 | 2 500 000.00 | 2 588 275.00 | 0.28 |
| USD	PACIFIC GAS & ELECTRIC CO 1.75000% 20-16.06.22 | 860 000.00 | 861 357.51 | 0.09 |
| USD	SANTANDER HOLDINGS USA INC 3.70000% 18-28.03.22 | 5 500 000.00 | 5 693 867.30 | 0.61 |
| USD	STANDARD CHARTERED PLC REG-S-SUB 5.70000% 12-25.01.22 | 2 000 000.00 | 2 100 600.00 | 0.22 |
| USD	UBS AG-REG-S-SUB 5.12500% 14-15.05.24 | 3 800 000.00 | 4 180 000.00 | 0.45 |
| Total USD |  | 32 234 814.41 | 3.44 |
| Total des Obligations, taux fixe |  | 32 234 814.41 | 3.44 |
| Obligations, taux variable |  |  |  |
| USD |  |  |  |
| USD	BP CAPITAL MARKETS PLC-SUB 4.375%/VAR 20-PRP | 3 800 000.00 | 4 056 462.00 | 0.43 |
| USD	NBK TIER 1 FINANCING LTD-REG-S-SUB 5.750%/VAR 15-PRP | 1 800 000.00 | 1 804 500.00 | 0.19 |
| USD	NBK TIER 1 FINANCING 2 LTD-REG-S-SUB 4.500%/VAR 19-PRP | 1 500 000.00 | 1 498 125.00 | 0.16 |
| USD	SKANDINAVISKA ENSKILDA BANKEN-REG-S-SUB 5.125%/VAR 19-PRP | 1 800 000.00 | 1 872 000.00 | 0.20 |
| USD	VODAFONE GROUP PLC-REG-S-SUB 6.250%/VAR 18-03.10.78 | 2 800 000.00 | 3 101 112.00 | 0.33 |
| Total USD |  | 12 332 199.00 | 1.31 |
| Total des Obligations, taux variable |  | 12 332 199.00 | 1.31 |
| Obligations convertibles, taux variable |  |  |  |
| USD |  |  |  |
| USD	BARCLAYS PLC-SUB COCO 8.000%/VAR 19-PRP | 2 000 000.00 | 2 226 500.00 | 0.24 |
| USD	DANSKE BANK AS-REG-S-SUB 7.000%/VAR 18-PRP | 2 000 000.00 | 2 215 620.00 | 0.23 |
| Total USD |  | 4 442 120.00 | 0.47 |
| Total des Obligations convertibles, taux variable |  | 4 442 120.00 | 0.47 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 707 450 310.53 | 75.43 |
| Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  |  |  |
| Titres adossés à des actifs, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AMERICREDIT AUTOMOBILE RECEIVABLE TRUST 4.04000% 18-18.11.24 | 1 100 000.00 | 1 175 090.29 | 0.12 |
| USD	CAPITAL AUTO RECEIVABLES ASSET TRU-144A 3.69000% 18-20.12.23 | 2 500 000.00 | 2 543 948.25 | 0.27 |
| USD	COLT MERGER SUB INC-144A 3.60000% 18-25.02.48 | 338 000.00 | 352 276.44 | 0.04 |
| USD	CPS AUTO RECEIVABLES TRUST -144A 4.63000% 15-16.08.21 | 688 000.00 | 50 895.58 | 0.01 |
| USD	CPS AUTO RECEIVABLES TRUST -144A 3.79000% 17-15.06.23 | 1 187 000.00 | 1 061 121.48 | 0.11 |
| USD	DRIVE AUTO RECEIVABLES TRUST 3.49000% 17-15.09.23 | 1 000 000.00 | 476 347.73 | 0.05 |
| USD	DRIVE AUTO RECEIVABLES TRUST 3.72000% 18-16.09.24 | 3 380 000.00 | 1 051 943.71 | 0.11 |
| USD	DRIVE AUTO RECEIVABLES TRUST 4.09000% 18-15.01.26 | 5 000 000.00 | 5 203 648.00 | 0.55 |
| USD	DT AUTO OWNER TRUST-144A 6.03000% 17-15.01.24 | 2 500 000.00 | 2 564 488.75 | 0.27 |
| USD	EXETER AUTOMOBILE RECEIVABLE TRUST-144A 3.53000% 18-15.11.23 | 520 000.00 | 533 678.91 | 0.06 |
| USD	EXETER AUTOMOBILE RECEIVABLES-144A 4.35000% 18-16.09.24 | 865 000.00 | 906 381.77 | 0.10 |
| USD	WORLD OMNI SELECT AUTO-144A-SUB 3.86000% 18-15.01.25 | 250 000.00 | 256 075.03 | 0.03 |
| Total USD |  | 16 175 895.94 | 1.72 |
| Total des Titres adossés à des actifs, taux fixe |  | 16 175 895.94 | 1.72 |
| Titres adossés à des hypothèques, taux variable |  |  |  |
| USD |  |  |  |
| USD	MORGAN STANLEY CAPITAL INC-144A-SUB FLR 14-01.07.29 | 2 000 000.00 | 2 020 495.60 | 0.21 |
| USD	MSCG TRUST 2018-SELF-144A-SUB 1M LIBOR+90BP 18-15.10.37 | 1 000 000.00 | 1 000 019.20 | 0.11 |
| Total USD |  | 3 020 514.80 | 0.32 |
| Total des Titres adossés à des hypothèques, taux variable |  | 3 020 514.80 | 0.32 |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AETNA INC 2.75000% 12-15.11.22 | 1 996 000.00 | 2 073 474.54 | 0.22 |
| USD	AKER BP ASA-144A 4.75000% 19-15.06.24 | 3 000 000.00 | 3 100 244.70 | 0.33 |
| USD	AKER BP ASA-REG-S 4.75000% 19-15.06.24 | 2 800 000.00 | 2 893 561.72 | 0.31 |
| USD	AUSTRALIA & NEW ZEALAND BNK-REG-S-SUB 4.50000% 14-19.03.24 | 6 000 000.00 | 6 611 415.00 | 0.70 |
| USD	BANK OF AMERICA CORP 5.70000% 12-24.01.22 | 11 000 000.00 | 11 684 905.10 | 1.25 |
| USD	BANK OF NEW ZEALAND-144A 3.50000% 19-20.02.24 | 4 885 000.00 | 5 318 325.87 | 0.57 |
| USD	BAYER US FINANCE II LLC-144A 2.75000% 18-15.07.21 | 1 000 000.00 | 1 014 562.70 | 0.11 |
| USD	BROADCOM INC 3.12500% 20-15.10.22 | 960 000.00 | 1 005 264.86 | 0.11 |
| USD	DAIMLER FINANCE NORTH AMERICA LLC-144A 1.75000% 20-10.03.23 | 4 000 000.00 | 4 097 694.00 | 0.44 |
| USD	DAIMLER NORTH AMERICA CORP-144A 3.35000% 18-04.05.21 | 2 000 000.00 | 2 024 580.00 | 0.22 |
| USD	LIBERTY MUTUAL GROUP INC-144A 4.25000% 13-15.06.23 | 1 850 000.00 | 2 023 062.50 | 0.21 |
| USD	MARATHON OIL CORP 2.80000% 12-01.11.22 | 1 759 000.00 | 1 813 386.00 | 0.19 |
| USD	MPLX LP 3.50000% 20-01.12.22 | 2 895 000.00 | 3 034 579.24 | 0.32 |
| USD	NATIONAL AUSTRALIA BANK LTD/NY 3.70000% 18-04.11.21 | 3 797 000.00 | 3 913 036.32 | 0.42 |
| USD	NORDEA BANK ABP-REG-S 1.00000% 20-09.06.23 | 1 200 000.00 | 1 216 425.72 | 0.13 |
| USD	OCCIDENTAL PETROLEUM CORP 2.60000% 16-15.04.22 | 2 000 000.00 | 1 962 620.00 | 0.21 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (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 | ORIGIN ENERGY FINANCE LTD-REG-S 5.45000% 11-14.10.21 | 6 157 000.00 | 6 392 751.53 | 0.68 |
| USD | PG&E CORP 4.25000% 18-01.08.23 | 1 000 000.00 | 1 068 291.10 | 0.11 |
| USD | SKANDINAVISKA ENSKILDA BANKEN AB 2.62500% 16-15.03.21 | 3 170 000.00 | 3 191 348.36 | 0.34 |
| USD | VOLKSWAGEN GRP OF AMERICA FINANCE-144A 4.00000% 18-12.11.21 | 3 348 000.00 | 3 460 480.08 | 0.37 |
| USD | VOLKSWAGEN GRP OF AMERICA FINANCE-144A 4.25000% 18-13.11.23 | 3 000 000.00 | 3 298 426.80 | 0.35 |
| Total USD |  |  | 71 198 436.14 | 7.59 |
| Total des Billets, taux fixe |  | 71 198 436.14 | 7.59 |
| Billets, coupon zéro |  |  |  |
| USD |  |  |  |
| USD	AT&T INC-144A 0.00000% 07-27.11.22 | 5 000 000.00 | 4 947 407.90 | 0.53 |
| Total USD |  | 4 947 407.90 | 0.53 |
| Total des Billets, coupon zéro |  | 4 947 407.90 | 0.53 |
| Billets, taux variable |  |  |  |
| USD |  |  |  |
| USD	MACQUARIE GROUP LTD-144A 3.189%/VAR 17-28.11.23 | 6 800 000.00 | 7 102 124.00 | 0.76 |
| Total USD |  | 7 102 124.00 | 0.76 |
| Total des Billets, taux variable |  | 7 102 124.00 | 0.76 |
| Medium-Term Notes, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AUSTRALIA & NEW ZEALAND BANKING-REG-S 4.87500% 11-12.01.21 | 3 125 000.00 | 3 140 406.25 | 0.34 |
| USD	CREDIT AGRICOLE SA LONDON-144A 3.25000% 17-04.10.24 | 2 700 000.00 | 2 931 746.67 | 0.31 |
| USD	DANSKE BANK AS-144A 2.80000% 16-10.03.21 | 742 000.00 | 746 739.38 | 0.08 |
| USD	GENERAL ELECTRIC CO 3.10000% 13-09.01.23 | 2 000 000.00 | 2 104 309.60 | 0.22 |
| USD	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 3.37500% 19-11.01.22 | 684 000.00 | 707 303.12 | 0.08 |
| USD	NISSAN MOTOR ACCEPTANCE CORP-144A 2.65000% 17-13.07.22 | 1 000 000.00 | 1 018 445.30 | 0.11 |
| Total USD |  | 10 648 950.32 | 1.14 |
| Total des Medium-Term Notes, taux fixe |  | 10 648 950.32 | 1.14 |
| Obligations, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AMERICA MOVIL SAB DE CV 3.12500% 12-16.07.22 | 6 000 000.00 | 6 240 000.00 | 0.66 |
| Total USD |  | 6 240 000.00 | 0.66 |
| Total des Obligations, taux fixe |  | 6 240 000.00 | 0.66 |
| Total des Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  | 119 333 329.10 | 12.72 |

Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé
Titres adossés à des actifs, taux fixe
| USD |  |
| --- | --- |
| USD | DT AUTO OWNER TRUST-144A 3.89000% 17-15.01.23 | 1 165 000.00 | 169 575.66 | 0.02 |
| Total USD |  |  | 169 575.66 | 0.02 |
| Total des Titres adossés à des actifs, taux fixe |  | 169 575.66 | 0.02 |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	ABBVIE INC 3.45000% 20-15.03.22 | 8 500 000.00 | 8 780 862.10 | 0.94 |
| USD	ABBVIE INC 5.00000% 20-15.12.21 | 6 000 000.00 | 6 201 467.40 | 0.66 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 1.10000% 20-05.05.23 | 1 210 000.00 | 1 230 834.50 | 0.13 |
| USD	SWEDBANK AB-REG-S 1.30000% 20-02.06.23 | 1 370 000.00 | 1 396 238.24 | 0.15 |
| Total USD |  | 17 609 402.24 | 1.88 |
| Total des Billets, taux fixe |  | 17 609 402.24 | 1.88 |
| Obligations, taux variable |  |  |  |
| USD |  |  |  |
| USD	SCENTRE GROUP TRUST 2-REG-S-SUB 4.750%/VAR 20-24.09.80 | 2 700 000.00 | 2 805 705.00 | 0.30 |
| Total USD |  | 2 805 705.00 | 0.30 |
| Total des Obligations, taux variable |  | 2 805 705.00 | 0.30 |
| Total des Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé |  | 20 584 682.90 | 2.20 |

OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée
| Irlande |  |
| --- | --- |
| USD | UBS (IRL) SELECT MONEY MARKET FUND-USD-S-DIST | 5 121.55 | 51 215 480.00 | 5.46 |

Fonds d’investissement, ouvert
Total Irlande	51 215 480.00	5.46
UBS (Lux) Bond SICAV – Short Term USD Corporates (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) |  |
| Luxembourg |  |  |  |
| USD	UBS (LUX) BOND SICAV-SHORT DURATION H Y SUST (USD) I-X-ACC | 48 400.00 | 6 164 224.00 | 0.66 |
| Total Luxembourg |  | 6 164 224.00 | 0.66 |
| Suisse |  |  |  |
| CHF | UBS (CH) BOND FUND - ENHANCED YIELD SHORT TERM (CHF) U-X | 501.02 | 5 550 961.74 | 0.59 |
| Total Suisse | 5 550 961.74 | 0.59 |
| Total des Fonds d’investissement, ouvert | 62 930 665.74 | 6.71 |
| Total des OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée | 62 930 665.74 | 6.71 |
| Total du Portefeuille-titres | 910 298 988.27 | 97.06 |

| Instruments dérivés |  |
| --- | --- |
| Instruments dérivés négociés sur une bourse officielle |
| Contrats financiers à terme sur obligations |
|  |  |  |  |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.21 | 900.00 | 70 311.60 | 0.01 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.21 | -480.00 | -71 249.76 | -0.01 |
| Total des Contrats financiers à terme sur obligations |  | -938.16 | 0.00 |
| Total des Instruments dérivés négociés sur une bourse officielle |  | -938.16 | 0.00 |
| Total des Instruments dérivés |  | -938.16 | 0.00 |
| Contrats de change à terme |  |  |  |
| Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |  |

| USD | 5 579 827.81 | CHF | 5 000 000.00 | 28.7.2021 | 15 653.17 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 257 848 000.00 | USD | 282 762 175.26 | 6.1.2021 | 2 488 160.39 | 0.26 |
| EUR | 127 525 800.00 | USD | 151 911 984.87 | 6.1.2021 | 823 946.52 | 0.09 |
| USD | 4 459 906.34 | CHF | 4 048 100.00 | 6.1.2021 | -18 398.26 | 0.00 |
| USD | 7 473 917.75 | CHF | 7 049 175.00 | 8.12.2020 | -313 289.85 | -0.03 |
| Total des Contrats de change à terme | 2 996 071.97 | 0.32 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 9 891 354.10 | 1.05 |
| Autres actifs et passifs | 14 657 633.16 | 1.57 |
| Total de l’Actif net | 937 843 109.34 | 100.00 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Rapport semestriel au 30 novembre 2020