# UBS (Lux) Bond SICAV
– Short Term USD Corporates (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Net assets in USD |  | 899 010 544.82 | 953 896 328.05 | 968 539 653.53 |
| Class F-acc | LU0396352246 |  |  |  |
| Shares outstanding |  | 495 083.0000 | 491 720.0000 | 557 021.0000 |
| Net asset value per share in USD |  | 110.29 | 107.98 | 103.72 |
| Issue and redemption price per share in USD 1 |  | 110.29 | 107.98 | 103.72 |
| Class (CHF hedged) F-acc | LU1289971720 |  |  |  |
| Shares outstanding |  | 197 426.0000 | 224 490.0000 | 288 741.0000 |
| Net asset value per share in CHF |  | 100.68 | 100.18 | 99.48 |
| Issue and redemption price per share in CHF 1 |  | 100.68 | 100.18 | 99.48 |
| Class (EUR hedged) F-acc | LU1717044058 |  |  |  |
| Shares outstanding |  | 276 504.0000 | 281 761.0000 | 348 641.0000 |
| Net asset value per share in EUR |  | 100.61 | 99.87 | 98.73 |
| Issue and redemption price per share in EUR 1 |  | 100.61 | 99.87 | 98.73 |
| Class I-A1-acc | LU0849031678 |  |  |  |
| Shares outstanding |  | 104 598.6990 | 107 523.5840 | 129 755.2880 |
| Net asset value per share in USD |  | 113.26 | 110.97 | 106.74 |
| Issue and redemption price per share in USD 1 |  | 113.26 | 110.97 | 106.74 |
| Class I-A2-acc | LU0838529096 |  |  |  |
| Shares outstanding |  | 33 600.9340 | 71 658.4120 | 149 092.7680 |
| Net asset value per share in USD |  | 113.92 | 111.58 | 107.27 |
| Issue and redemption price per share in USD 1 |  | 113.92 | 111.58 | 107.27 |
| Class I-B-acc | LU0396353483 |  |  |  |
| Shares outstanding |  | 445 615.4700 | 445 264.0100 | 612 746.7590 |
| Net asset value per share in USD |  | 112.87 | 110.35 | 105.72 |
| Issue and redemption price per share in USD 1 |  | 112.87 | 110.35 | 105.72 |
| Class (EUR hedged) I-B-acc | LU1323607827 |  |  |  |
| Shares outstanding |  | 475 219.1710 | 570 012.7370 | 691 230.8410 |
| Net asset value per share in EUR |  | 102.56 | 101.66 | 100.22 |
| Issue and redemption price per share in EUR 1 |  | 102.56 | 101.66 | 100.22 |
| Class I-X-acc | LU0396353640 |  |  |  |
| Shares outstanding |  | 546 721.8170 | 605 820.5070 | 240 116.1400 |
| Net asset value per share in USD |  | 113.43 | 110.86 | 106.14 |
| Issue and redemption price per share in USD 1 |  | 113.43 | 110.86 | 106.14 |
| Class (CHF hedged) I-X-acc | LU0920821211 |  |  |  |
| Shares outstanding |  | 2 130 416.1460 | 2 646 821.5390 | 2 810 237.0700 |
| Net asset value per share in CHF |  | 102.28 | 101.60 | 100.55 |
| Issue and redemption price per share in CHF 1 |  | 102.28 | 101.60 | 100.55 |
| Class (EUR hedged) I-X-acc | LU1632887292 |  |  |  |
| Shares outstanding |  | 752 654.4990 | 892 919.6540 | 633 347.9300 |
| Net asset value per share in EUR |  | 100.80 | 99.88 | 98.41 |
| Issue and redemption price per share in EUR 1 |  | 100.80 | 99.88 | 98.41 |
| Class (EUR hedged) I-X-UKdist 2 | LU1885553575 |  |  |  |
| Shares outstanding |  | 503 600.0000 | 190 000.0000 | - |
| Net asset value per share in EUR |  | 100.64 | 101.81 | - |
| Issue and redemption price per share in EUR 1 |  | 100.64 | 101.81 | - |
| Class K-X-acc | LU1564462387 |  |  |  |
| Shares outstanding |  | 136 879.8750 | 136 879.8750 | 136 879.8750 |
| Net asset value per share in USD |  | 108.58 | 106.15 | 101.66 |
| Issue and redemption price per share in USD 1 |  | 108.58 | 106.15 | 101.66 |
| Class (EUR hedged) K-X-acc | LU1620846318 |  |  |  |
| Shares outstanding |  | 23 475.2070 | 64 115.3400 | 23 449.6280 |
| Net asset value per share in EUR |  | 100.88 | 99.98 | 98.54 |
| Issue and redemption price per share in EUR 1 |  | 100.88 | 99.98 | 98.54 |
| Class P-acc | LU0151774972 |  |  |  |
| Shares outstanding |  | 375 399.2510 | 390 038.9990 | 407 316.9080 |
| Net asset value per share in USD |  | 144.01 | 141.42 | 136.66 |
| Issue and redemption price per share in USD 1 |  | 144.01 | 141.42 | 136.66 |
| Class Q-acc | LU0396352592 |  |  |  |
| Shares outstanding |  | 176 322.8850 | 173 891.6210 | 268 556.8580 |
| Net asset value per share in USD |  | 115.52 | 113.21 | 108.97 |
| Issue and redemption price per share in USD 1 |  | 115.52 | 113.21 | 108.97 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Semi-Annual Report as of 30 November 2019
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class U-X-acc | LU0396353996 |  |  |  |
| Shares outstanding |  | 14 962.0000 | 14 831.0000 | 17 566.0000 |
| Net asset value per share in USD |  | 10 869.96 | 10 624.42 | 10 171.14 |
| Issue and redemption price per share in USD 1 |  | 10 869.96 | 10 624.42 | 10 171.14 |
| Class U-X-UKdist-mdist 3 | 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  First NAV: 9.10.2018 3  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 | 49.32 |
| --- | --- |
| United Kingdom | 9.63 |
| The Netherlands | 6.57 |
| Australia | 5.04 |
| France | 4.68 |
| Luxembourg | 3.30 |
| Denmark | 2.45 |
| Ireland | 2.14 |
| Sweden | 1.93 |
| Japan | 1.74 |
| Guernsey | 1.70 |
| Switzerland | 1.54 |
| Cayman Islands | 1.26 |
| British Virgin Islands | 1.23 |
| Germany | 1.14 |
| United Arab Emirates | 0.84 |
| Mexico | 0.83 |
| Spain | 0.65 |
| China | 0.58 |
| Canada | 0.53 |
| Mauritius | 0.46 |
| Norway | 0.37 |
| Colombia | 0.33 |
| Italy | 0.30 |
| South Korea | 0.20 |
| Finland | 0.18 |
| Jersey | 0.14 |
| Singapore | 0.11 |
| Total | 99.19 |

Economic Breakdown as a % of net assets	
| Banks & credit institutions | 37.90 |
| --- | --- |
| Finance & holding companies | 31.12 |
| Petroleum | 6.58 |
| Investment funds | 2.69 |
| Pharmaceuticals, cosmetics & medical products | 2.62 |
| Internet, software & IT services | 2.61 |
| Telecommunications | 2.57 |
| Mortgage & funding institutions | 2.56 |
| Tobacco & alcohol | 2.51 |
| Computer hardware & network equipment providers | 2.40 |
| Insurance | 0.95 |
| Energy & water supply | 0.93 |
| Electrical devices & components | 0.83 |
| Miscellaneous unclassified companies | 0.75 |
| Mining, coal & steel | 0.70 |
| Traffic & transportation | 0.42 |
| Supranational organisations | 0.33 |
| Biotechnology | 0.22 |
| Healthcare & social services | 0.21 |
| Aerospace industry | 0.14 |
| Building industry & materials | 0.10 |
| Retail trade, department stores | 0.05 |
| Total | 99.19 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Semi-Annual Report as of 30 November 2019

## Statement of Net Assets
Assets	30.11.2019
USD
Investments in securities, cost	882 973 337.73
| Investments in securities, unrealized appreciation (depreciation) | 	8 718 255.81	 |
| --- | --- |
| Total investments in securities (Note 1) | 891 691 593.54 |
| Cash at banks, deposits on demand and deposit accounts | 2 600 158.11 |
| Other liquid assets (Margins) | 460 168.00 |
| Receivable on securities sales (Note 1) | 6 707 480.00 |
| Receivable on subscriptions | 3 384 084.36 |
| Interest receivable on securities | 7 236 439.21 |
| Receivable on dividends | 21 792.65 |
| Unrealized gain (loss) on financial futures (Note 1) | -10 156.25 |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | -2 280.37 |
| Total Assets | 912 089 279.25 |
|  |  |
| Liabilities |  |
| Bank overdraft | -4 394 076.78 |
| Interest payable on bank overdraft | -4.24 |
| Payable on securities purchases (Note 1) | -7 376 158.85 |
| Payable on redemptions | -1 163 926.28 |
| Provisions for flat fee (Note 2) | -42 042.14 |
| Provisions for taxe d’abonnement (Note 3) | -23 357.57 |
| Provisions for other commissions and fees (Note 2) | 	-79 168.57	 |
| Total provisions | -144 568.28 |
| Total Liabilities | -13 078 734.43 |
|  |  |
| Net assets at the end of the period | 899 010 544.82 |
| Statement of Operations | USD |
| Income | 1.6.2019-30.11.2019 |
| Interest on liquid assets | 61 856.49 |
| Interest on securities | 14 388 839.75 |
| Dividends | 38 114.05 |
| Income on securities lending (Note 13) | 40 394.52 |
| Other income (Note 4) | 117 094.44 |
| Total income | 14 646 299.25 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -555 502.98 |
| Taxe d’abonnement (Note 3) | -61 774.43 |
| Cost on securities lending (Note 13) | -16 157.81 |
| Other commissions and fees (Note 2) | -52 550.16 |
| Interest on cash and bank overdraft | -1 574.93 |
| Total expenses | -687 560.31 |
|  |  |
| Net income (loss) on investments | 13 958 738.94 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | -2 367 197.25 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | 63 026.83 |
| Realized gain (loss) on financial futures | -579 941.40 |
| Realized gain (loss) on forward foreign exchange contracts | -4 131 727.00 |
| Realized gain (loss) on foreign exchange | 871 154.64 |
| Total realized gain (loss) | -6 144 684.18 |
|  |  |
| Net realized gain (loss) of the period | 7 814 054.76 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 9 559 916.89 |
| Unrealized appreciation (depreciation) on financial futures | -498 439.45 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -2 101 433.11 |
| Total changes in unrealized appreciation (depreciation) | 6 960 044.33 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 14 774 099.09 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Semi-Annual Report as of 30 November 2019
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-30.11.2019 |
| Net assets at the beginning of the period | 953 896 328.05 |
| Subscriptions | 89 698 924.58 |
| Redemptions | 	-158 861 361.26	 |
| Total net subscriptions (redemptions) | -69 162 436.68 |
| Dividend paid | -497 445.64 |
| Net income (loss) on investments | 13 958 738.94 |
| Total realized gain (loss) | -6 144 684.18 |
| Total changes in unrealized appreciation (depreciation) | 	6 960 044.33	 |
| Net increase (decrease) in net assets as a result of operations | 14 774 099.09 |
| Net assets at the end of the period | 899 010 544.82 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2019-30.11.2019 |
| Class | F-acc |
| Number of shares outstanding at the beginning of the period | 491 720.0000 |
| Number of shares issued | 57 575.0000 |
| Number of shares redeemed | -54 212.0000 |
| Number of shares outstanding at the end of the period | 495 083.0000 |
| Class | (CHF hedged) F-acc |
| Number of shares outstanding at the beginning of the period | 224 490.0000 |
| Number of shares issued | 2 498.0000 |
| Number of shares redeemed | -29 562.0000 |
| Number of shares outstanding at the end of the period | 197 426.0000 |
| Class | (EUR hedged) F-acc |
| Number of shares outstanding at the beginning of the period | 281 761.0000 |
| Number of shares issued | 15 787.0000 |
| Number of shares redeemed | -21 044.0000 |
| Number of shares outstanding at the end of the period | 276 504.0000 |
| Class | I-A1-acc |
| Number of shares outstanding at the beginning of the period | 107 523.5840 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -2 924.8850 |
| Number of shares outstanding at the end of the period | 104 598.6990 |
| Class | I-A2-acc |
| Number of shares outstanding at the beginning of the period | 71 658.4120 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -38 057.4780 |
| Number of shares outstanding at the end of the period | 33 600.9340 |
| Class | I-B-acc |
| Number of shares outstanding at the beginning of the period | 445 264.0100 |
| Number of shares issued | 797.7300 |
| Number of shares redeemed | -446.2700 |
| Number of shares outstanding at the end of the period | 445 615.4700 |
| Class | (EUR hedged) I-B-acc |
| Number of shares outstanding at the beginning of the period | 570 012.7370 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -94 793.5660 |
| Number of shares outstanding at the end of the period | 475 219.1710 |
| Class | I-X-acc |
| Number of shares outstanding at the beginning of the period | 605 820.5070 |
| Number of shares issued | 1 088.2440 |
| Number of shares redeemed | -60 186.9340 |
| Number of shares outstanding at the end of the period | 546 721.8170 |
| Class | (CHF hedged) I-X-acc |
| Number of shares outstanding at the beginning of the period | 2 646 821.5390 |
| Number of shares issued | 112 806.8360 |
| Number of shares redeemed | -629 212.2290 |
| Number of shares outstanding at the end of the period | 2 130 416.1460 |
| Class | (EUR hedged) I-X-acc |
| Number of shares outstanding at the beginning of the period | 892 919.6540 |
| Number of shares issued | 1 864.5310 |
| Number of shares redeemed | -142 129.6860 |
| Number of shares outstanding at the end of the period | 752 654.4990 |
| Class | (EUR hedged) I-X-UKdist |
| Number of shares outstanding at the beginning of the period | 190 000.0000 |
| Number of shares issued | 427 700.0000 |
| Number of shares redeemed | -114 100.0000 |
| Number of shares outstanding at the end of the period | 503 600.0000 |
| 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 | 0.0000 |
| Number of shares outstanding at the end of the period | 136 879.8750 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Semi-Annual Report as of 30 November 2019
| Class |  |  | (EUR hedged) K-X-acc |
| --- | --- | --- | --- |
| Number of shares outstanding at the beginning of the period |  |  | 64 115.3400 |
| Number of shares issued |  |  | 39 690.4140 |
| Number of shares redeemed |  |  | -80 330.5470 |
| Number of shares outstanding at the end of the period |  |  | 23 475.2070 |
| Class |  |  | P-acc |
| Number of shares outstanding at the beginning of the period |  |  | 390 038.9990 |
| Number of shares issued |  |  | 49 781.0350 |
| Number of shares redeemed |  |  | -64 420.7830 |
| Number of shares outstanding at the end of the period |  |  | 375 399.2510 |
| Class |  |  | Q-acc |
| Number of shares outstanding at the beginning of the period |  |  | 173 891.6210 |
| Number of shares issued |  |  | 28 251.3790 |
| Number of shares redeemed |  |  | -25 820.1150 |
| Number of shares outstanding at the end of the period |  |  | 176 322.8850 |
| Class |  |  | U-X-acc |
| Number of shares outstanding at the beginning of the period |  |  | 14 831.0000 |
| Number of shares issued |  |  | 649.0000 |
| Number of shares redeemed |  |  | -518.0000 |
| Number of shares outstanding at the end of the period |  |  | 14 962.0000 |
| Class |  |  | U-X-UKdist-mdist |
| Number of shares outstanding at the beginning of the period |  |  | 383.0000 |
| Number of shares issued |  |  | 0.0000 |
| Number of shares redeemed |  |  | -383.0000 |
| Number of shares outstanding at the end of the period |  |  | 0.0000 |
| 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	17.6.2019 | 20.6.2019 | EUR | 2.09 |
| Monthly Distribution 1 |  |  |  |
| UBS (Lux) Bond SICAV – Short Term USD Corporates (USD)	Ex-Date | Pay-Date | Currency | Amount per share |
| U-X-UKdist-mdist	17.6.2019 | 20.6.2019 | USD | 28.17 |
| U-X-UKdist-mdist	15.7.2019 | 18.7.2019 | USD | 25.61 |
| U-X-UKdist-mdist	16.8.2019 | 21.8.2019 | USD | 30.22 |
| U-X-UKdist-mdist	16.9.2019 | 19.9.2019 | USD | 26.72 |
| U-X-UKdist-mdist	15.10.2019 | 18.10.2019 | USD | 26.34 |
| 1  See note 5 |  |  |  |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Semi-Annual Report as of 30 November 2019

## Statement of Investments in Securities and other Net Assets as of 30 November 2019
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ABBVIE INC 2.50000% 15-14.05.20 | 8 774 000.00 | 8 788 530.62 | 0.98 |
| USD	ABN AMRO BANK NV-REG-S 2.45000% 15-04.06.20 | 3 000 000.00 | 3 005 160.00 | 0.33 |
| USD	AETNA INC 2.80000% 16-15.06.23 | 1 827 000.00 | 1 854 555.54 | 0.21 |
| USD	ALLERGAN FUNDING SCS 3.00000% 15-12.03.20 | 9 500 000.00 | 9 515 797.55 | 1.06 |
| USD	ALTRIA GROUP INC 3.49000% 19-14.02.22 | 2 500 000.00 | 2 567 728.75 | 0.28 |
| USD	ALTRIA GROUP INC 3.80000% 19-14.02.24 | 3 000 000.00 | 3 152 822.40 | 0.35 |
| USD	AMERICA MOVIL SAB DE CV 5.00000% 10-30.03.20 | 338 000.00 | 340 535.00 | 0.04 |
| USD	APPLE INC 2.25000% 16-23.02.21 | 20 480 000.00 | 20 583 987.20 | 2.29 |
| USD	AT&T INC 3.00000% 15-30.06.22 | 3 500 000.00 | 3 570 242.20 | 0.40 |
| USD	AT&T INC 3.20000% 17-01.03.22 | 13 000 000.00 | 13 301 189.20 | 1.48 |
| USD	BANQUE FEDERATIVE DU CREDIT MUT-REG-S 3.75000% 18-20.07.23 | 4 000 000.00 | 4 196 151.20 | 0.47 |
| USD	BARCLAYS BANK PLC 5.12500% 10-08.01.20 | 5 000 000.00 | 5 014 551.00 | 0.56 |
| USD	BARCLAYS PLC 3.20000% 16-10.08.21 | 17 627 000.00 | 17 846 873.90 | 1.98 |
| USD	BAYER US FINANCE II LLC-REG-S 3.50000% 18-25.06.21 | 5 000 000.00 | 5 082 482.50 | 0.56 |
| USD	BIOGEN INC 2.90000% 15-15.09.20 | 1 950 000.00 | 1 961 123.19 | 0.22 |
| USD	BP CAPITAL MARKETS PLC 2.75000% 18-10.05.23 | 5 000 000.00 | 5 104 540.00 | 0.57 |
| USD	CANADIAN NATURAL RESOURCES LTD 2.95000% 17-15.01.23 | 4 700 000.00 | 4 781 547.35 | 0.53 |
| USD	CCO LLC/CAPITAL 3.57900% 16-23.07.20 | 5 193 000.00 | 5 230 334.56 | 0.58 |
| USD	CITIGROUP INC 2.45000% 17-10.01.20 | 7 518 000.00 | 7 518 624.00 | 0.84 |
| USD	CITIGROUP INC 2.70000% 17-27.10.22 | 7 498 000.00 | 7 616 030.52 | 0.85 |
| USD	CITIGROUP INC 2.90000% 16-08.12.21 | 7 330 000.00 | 7 440 180.16 | 0.83 |
| USD	CNOOC CURTIS FUNDING NO.1 PTY LTD-REG-S 4.50000% 13-03.10.23 | 2 000 000.00 | 2 139 375.00 | 0.24 |
| USD	CNOOC FINANCE 2015 AUSTRALIA PTY LTD 2.62500% 15-05.05.20 | 8 834 000.00 | 8 842 834.00 | 0.98 |
| USD	CORPORACION ANDINA DE FOMENTO 2.12500% 16-27.09.21 | 3 000 000.00 | 2 983 950.00 | 0.33 |
| USD	CREDIT SUISSE GRP FDNG GUERNSEY 2.75000% 16-26.03.20 | 10 000 000.00 | 10 023 762.00 | 1.11 |
| USD	CREDIT SUISSE GRP FDNG GUERNSEY 3.80000% 16-09.06.23 | 5 000 000.00 | 5 225 877.50 | 0.58 |
| USD	CVS HEALTH CORP 3.35000% 18-09.03.21 | 1 063 000.00 | 1 080 040.32 | 0.12 |
| USD	CVS HEALTH CORP 3.70000% 18-09.03.23 | 3 000 000.00 | 3 123 976.80 | 0.35 |
| USD	DANSKE BANK AS-REG-S 2.00000% 16-08.09.21 | 9 500 000.00 | 9 438 117.48 | 1.05 |
| USD	DEUTSCHE BANK AG/NEW YORK NY 4.25000% 18-04.02.21 | 3 500 000.00 | 3 552 125.15 | 0.39 |
| USD	DEUTSCHE TELEKOM INTL FINANCE BV-REG-S 2.22500% 17-17.01.20 | 5 000 000.00 | 5 000 747.50 | 0.56 |
| USD	DTE ENERGY CO 2.25000% 19-01.11.22 | 8 340 000.00 | 8 324 538.47 | 0.93 |
| USD	ENEL FINANCE INTERNATIONAL NV-REG-S 2.87500% 17-25.05.22 | 5 000 000.00 | 5 052 598.00 | 0.56 |
| USD	FISERV INC 2.75000% 19-01.07.24 | 6 500 000.00 | 6 602 510.85 | 0.73 |
| USD	FORD MOTOR CREDIT CO LLC 3.20000% 15-15.01.21 | 5 787 000.00 | 5 809 911.31 | 0.65 |
| USD	GAZ CAPITAL SA-REG-S LPN 5.99900% 11-23.01.21 | 5 000 000.00 | 5 203 125.00 | 0.58 |
| USD	GE CAPITAL INTL FUNDING CO 2.34200% 16-15.11.20 | 3 338 000.00 | 3 334 506.78 | 0.37 |
| USD	GENERAL ELECTRIC CO 2.50000% 14-28.03.20 | 2 230 000.00 | 2 229 643.20 | 0.25 |
| USD	GENERAL MOTORS FINANCIAL CO INC 4.20000% 16-01.03.21 | 5 000 000.00 | 5 105 445.00 | 0.57 |
| USD	GENERAL MOTORS FINANCIAL CO INC 3.20000% 16-06.07.21 | 4 000 000.00 | 4 049 799.60 | 0.45 |
| USD	GENERAL MOTORS FINANCIAL CO INC 3.15000% 17-30.06.22 | 6 000 000.00 | 6 101 003.39 | 0.68 |
| USD	GENERAL MOTORS FINANCIAL CO 3.55000% 18-09.04.21 | 5 000 000.00 | 5 079 271.00 | 0.56 |
| USD	GLENCORE FUNDING LLC-REG-S 4.12500% 19-12.03.24 | 3 510 000.00 | 3 683 325.20 | 0.41 |
| USD	GOLDMAN SACHS GROUP INC 5.25000% 11-27.07.21 | 7 815 000.00 | 8 212 799.91 | 0.91 |
| USD	GOLDMAN SACHS GROUP INC 2.87500% 16-25.02.21 | 4 170 000.00 | 4 209 331.86 | 0.47 |
| USD	GOLDMAN SACHS GROUP INC 2.60000% 15-23.04.20 | 3 200 000.00 | 3 206 182.08 | 0.36 |
| USD	HYUNDAI CAPITAL AMERICA-REG-S 3.10000% 17-05.04.22 | 4 000 000.00 | 4 047 873.60 | 0.45 |
| USD	HYUNDAI CAPITAL SERVICES INC-REG-S 2.62500% 15-29.09.20 | 1 780 000.00 | 1 781 883.60 | 0.20 |
| USD	IHS NETHERLANDS HOLDCO BV-REG-S 7.12500% 19-18.03.25 | 2 000 000.00 | 2 082 500.00 | 0.23 |
| USD	IMPERIAL BRANDS FINANCE PLC-144A 3.50000% 13-11.02.23 | 6 500 000.00 | 6 638 628.10 | 0.74 |
| USD	IMPERIAL BRANDS FINANCE PLC-REG-S 2.95000% 15-21.07.20 | 3 510 000.00 | 3 522 135.12 | 0.39 |
| USD	ING BANK NV-REG-S 2.75000% 16-22.03.21 | 6 200 000.00 | 6 260 724.66 | 0.70 |
| USD	ING GROEP NV 3.55000% 19-09.04.24 | 5 398 000.00 | 5 627 939.14 | 0.63 |
| USD	ING GROEP NV 4.10000% 18-02.10.23 | 7 064 000.00 | 7 492 037.43 | 0.83 |
| USD	KINDER MORGAN INC 3.05000% 14-01.12.19 | 3 780 000.00 | 3 780 000.00 | 0.42 |
| USD	LLOYDS BANKING GROUP PLC 4.05000% 18-16.08.23 | 4 000 000.00 | 4 219 952.40 | 0.47 |
| USD	MARSH & MCLENNAN COS INC 2.35000% 15-06.03.20 | 5 730 000.00 | 5 733 287.30 | 0.64 |
| USD	MARSH & MCLENNAN COS INC 3.50000% 19-29.12.20 | 2 727 000.00 | 2 772 471.91 | 0.31 |
| USD	MICROSOFT CORP 2.37500% 15-12.02.22 | 16 650 000.00 | 16 885 803.96 | 1.88 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 2.19000% 16-13.09.21 | 6 049 000.00 | 6 046 882.85 | 0.67 |
| USD	MIZUHO FINANCIAL GROUP INC-REG-S 2.63200% 16-12.04.21 | 4 000 000.00 | 4 020 920.00 | 0.45 |
| USD	MOLSON COORS BREWING CO 2.10000% 16-15.07.21 | 5 000 000.00 | 4 995 319.65 | 0.56 |
| USD	MTN MAURITIUS INVESTMENTS LTD-REG-S 5.37300% 16-13.02.22 | 4 000 000.00 | 4 145 000.00 | 0.46 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 2.00000% 16-13.04.21 | 1 975 000.00 | 1 978 326.10 | 0.22 |
| USD	NORDEA BANK ABP-REG-S 4.87500% 11-14.01.21 | 1 560 000.00 | 1 609 007.71 | 0.18 |
| USD	OCCIDENTAL PETROLEUM CORP 2.70000% 19-15.08.22 | 9 000 000.00 | 9 074 568.60 | 1.01 |
| USD	REYNOLDS AMERICAN INC 3.25000% 15-12.06.20 | 1 635 000.00 | 1 644 330.94 | 0.18 |
| USD	ROYAL BANK OF SCOTLAND GROUP PLC 3.87500% 16-12.09.23 | 10 000 000.00 | 10 402 876.00 | 1.16 |
| USD	SANTANDER HOLDINGS USA INC 4.45000% 18-03.12.21 | 2 200 000.00 | 2 283 700.98 | 0.25 |
| USD	SANTANDER UK GROUP HOLD PLC 2.87500% 15-16.10.20 | 3 000 000.00 | 3 011 904.00 | 0.33 |
| USD	SANTANDER UK GROUP HOLD PLC 2.87500% 16-05.08.21 | 7 000 000.00 | 7 065 235.80 | 0.79 |
| USD	SASOL FINANCING USA LLC 5.87500% 18-27.03.24 | 4 000 000.00 | 4 301 250.00 | 0.48 |
| USD	SCENTRE GROUP TRUST 1 /2-REG-S 2.37500% 15-28.04.21 | 1 170 000.00 | 1 169 298.00 | 0.13 |
| USD	SCHLUMBERGER INVESTMENT SA-REG-S 3.30000% 11-14.09.21 | 1 755 000.00 | 1 787 731.45 | 0.20 |
| USD	SHERWIN-WILLIAMS CO 2.75000% 17-01.06.22 | 900 000.00 | 914 257.71 | 0.10 |
| USD	SHIRE ACQUISITIONS INVT IRELAND DAC 2.40000% 16-23.09.21 | 4 952 000.00 | 4 974 379.57 | 0.55 |
| USD	SINOPEC GROUP OVERSEAS DEV LD-144A 3.75000% 18-12.09.23 | 5 000 000.00 | 5 217 187.50 | 0.58 |
| USD	SINOPEC GROUP OVERSEAS-REG-S 2.37500% 17-12.04.20 | 4 000 000.00 | 3 999 503.20 | 0.44 |
| USD	SKANDINAVISKA ENSKILDA BANKEN AB 1.87500% 16-13.09.21 | 5 000 000.00 | 4 988 351.35 | 0.55 |
| USD	SKANDINAVISKA ENSKILDA BANKEN AB 2.30000% 17-11.03.20 | 1 000 000.00 | 1 001 102.40 | 0.11 |
| USD	SUMITOMO MITSUI FIN GP INC 2.93400% 16-09.03.21 | 3 000 000.00 | 3 029 070.00 | 0.34 |
| USD	SUNOCO LOGISTICS PARTNERS OPERATIONS LP 4.40000% 15-01.04.21 | 7 373 000.00 | 7 543 826.51 | 0.84 |
| USD	TELEFONICA EMISIONES SAU 5.46200% 11-16.02.21 | 1 500 000.00 | 1 560 615.30 | 0.17 |
| USD	TELEFONICA EMISIONES SA 4.57000% 13-27.04.23 | 4 000 000.00 | 4 296 554.40 | 0.48 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Semi-Annual Report as of 30 November 2019
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | UBS GROUP AG-REG-S 3.00000% 16-15.04.21 | 4 170 000.00 | 4 224 782.96 | 0.47 |
| USD | VOLKSWAGEN GRP OF AMERICA FINANCE-REG-S 3.87500% 18-13.11.20 | 4 000 000.00 | 4 061 912.00 | 0.45 |
| USD | VOLKSWAGEN GRP OF AMERICA FINANCE-REG-S 4.00000% 18-12.11.21 | 5 474 000.00 | 5 657 456.73 | 0.63 |
| USD | ZOETIS INC 3.45000% 15-13.11.20 | 1 248 000.00 | 1 262 584.88 | 0.14 |
| Total USD |  |  | 453 200 958.05 | 50.41 |
| Total Notes, fixed rate |  | 453 200 958.05 | 50.41 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	BARCLAYS PLC 3M LIBOR+211BP 16-10.08.21 | 1 924 000.00 | 1 968 920.01 | 0.22 |
| USD	BHP BILLITON FINANCE USA-REG-S-SUB 6.750%/VAR 15-19.10.75 | 5 000 000.00 | 5 847 900.00 | 0.65 |
| USD	CREDIT SUISSE GROUP AG-REG-S 4.207%/VAR 18-12.06.24 | 5 000 000.00 | 5 275 139.00 | 0.59 |
| USD	GENERAL ELECTRIC CO 3M LIBOR+41BP 14-28.03.20 | 1 170 000.00 | 1 166 010.30 | 0.13 |
| USD	GOLDMAN SACHS GROUP INC 2.905%/VAR 17-24.07.23 | 14 000 000.00 | 14 226 007.60 | 1.58 |
| USD	GOLDMAN SACHS GROUP INC 3M LIBOR+78BP 17-31.10.22 | 5 000 000.00 | 5 032 850.00 | 0.56 |
| USD	MORGAN STANLEY 3.737%/VAR 18-24.04.24 | 5 364 000.00 | 5 608 797.94 | 0.62 |
| Total USD |  | 39 125 624.85 | 4.35 |
| Total Notes, floating rate |  | 39 125 624.85 | 4.35 |
| Medium term notes, fixed rate |  |  |  |
| CHF |  |  |  |
| CHF	PETROLEOS MEXICANOS 1.50000% 15-08.12.20 | 7 000 000.00 | 7 080 202.13 | 0.79 |
| Total CHF |  | 7 080 202.13 | 0.79 |
| USD |  |  |  |
| USD	ADCB FINANCE CAYMAN LTD-REG-S-SUB 4.50000% 13-06.03.23 | 2 000 000.00 | 2 097 500.00 | 0.23 |
| USD	AUSTRALIA & NEW ZEALAND BANKING GRP/NY 2.30000% 16-01.06.21 | 6 000 000.00 | 6 015 900.00 | 0.67 |
| USD	BANQUE FEDER DU CREDIT MUTUEL-REG-S 2.75000% 15-15.10.20 | 6 266 000.00 | 6 299 188.50 | 0.70 |
| USD	BANQUE FEDER DU CREDIT MUTUEL-REG-S 2.70000% 17-20.07.22 | 4 400 000.00 | 4 460 734.52 | 0.50 |
| USD	CREDIT AGRICOLE SA LONDON-REG-S 3.37500% 17-10.01.22 | 9 000 000.00 | 9 199 228.50 | 1.02 |
| USD	DANSKE BANK AS-REG-S 2.80000% 16-10.03.21 | 5 483 000.00 | 5 521 328.91 | 0.61 |
| USD	HYUNDAI CAPITAL AMERICA-REG-S 2.55000% 17-03.04.20 | 3 800 000.00 | 3 803 042.66 | 0.42 |
| USD	HYUNDAI CAPITAL AMERICA-REG-S 3.25000% 17-20.09.22 | 4 238 000.00 | 4 310 557.95 | 0.48 |
| USD	MACQUARIE BANK LTD-REG-S-SUB 6.62500% 11-07.04.21 | 1 500 000.00 | 1 580 940.00 | 0.18 |
| USD	MDGH - GMTN BV-REG-S 5.00000% 10-15.11.20 | 2 500 000.00 | 2 562 500.00 | 0.29 |
| USD	MDGH - GMTN BV-REG-S 2.50000% 19-07.11.24 | 10 010 000.00 | 10 060 050.00 | 1.12 |
| USD	MORGAN STANLEY 3.12500% 18-23.01.23 | 9 000 000.00 | 9 241 969.50 | 1.03 |
| USD	NISSAN MOTOR ACCEPTANCE CORP-REG-S 2.60000% 17-28.09.22 | 1 310 000.00 | 1 317 067.05 | 0.15 |
| USD	QNB FINANCE LTD-REG-S 3.50000% 19-28.03.24 | 6 750 000.00 | 6 946 171.88 | 0.77 |
| USD	SOCIETE GENERALE-REG-S 3.25000% 17-12.01.22 | 3 000 000.00 | 3 057 925.50 | 0.34 |
| USD	STATE GRID OVERSEAS INVESTMENT-REG-S 2.25000% 17-04.05.20 | 7 100 000.00 | 7 095 527.00 | 0.79 |
| USD	SVENSKA HANDELSBANKEN AB 2.45000% 16-30.03.21 | 6 715 000.00 | 6 763 395.68 | 0.75 |
| Total USD |  | 90 333 027.65 | 10.05 |
| Total Medium term notes, fixed rate |  | 97 413 229.78 | 10.84 |
| Medium term notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 3M LIBOR+66BP 17-21.07.21 | 4 000 000.00 | 4 011 420.80 | 0.45 |
| USD	DBS GROUP HOLDINGS LTD-REG-S-SUB 3.600%/VAR 16-PRP | 1 000 000.00 | 1 005 930.00 | 0.11 |
| Total USD |  | 5 017 350.80 | 0.56 |
| Total Medium term notes, floating rate |  | 5 017 350.80 | 0.56 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BP CAPITAL MARKETS PLC-REG-S 3.16100% 16-17.03.21 | 3 670 000.00 | 3 716 717.63 | 0.41 |
| USD	HEATHROW FUNDING LTD-REG-S 4.87500% 11-15.07.21 | 1 170 000.00 | 1 211 815.09 | 0.14 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 2.66500% 17-25.07.22 | 2 500 000.00 | 2 526 950.00 | 0.28 |
| USD	REYNOLDS AMERICAN INC 4.00000% 15-12.06.22 | 5 000 000.00 | 5 202 496.00 | 0.58 |
| USD	SANTANDER HOLDINGS USA INC 3.70000% 18-28.03.22 | 5 500 000.00 | 5 650 014.15 | 0.63 |
| USD	UBS AG-REG-S-SUB 5.12500% 14-15.05.24 | 4 000 000.00 | 4 300 000.00 | 0.48 |
| USD	WELLS FARGO & CO 2.50000% 16-04.03.21 | 6 000 000.00 | 6 036 894.60 | 0.67 |
| Total USD |  | 28 644 887.47 | 3.19 |
| Total Bonds, fixed rate |  | 28 644 887.47 | 3.19 |
| Bonds, floating rate |  |  |  |
| USD |  |  |  |
| USD	FIRST ABU DHABI BANK PJSC-REG-S-SUB 5.250%/VAR 15-PRP | 4 000 000.00 | 4 020 000.00 | 0.45 |
| USD	NBK TIER 1 FINANCING LTD-REG-S-SUB 5.750%/VAR 15-PRP | 2 000 000.00 | 2 051 875.00 | 0.23 |
| USD	NBK TIER 1 FINANCING 2 LTD-REG-S-SUB 4.500%/VAR 19-PRP | 1 500 000.00 | 1 494 374.25 | 0.16 |
| Total USD |  | 7 566 249.25 | 0.84 |
| Total Bonds, floating rate |  | 7 566 249.25 | 0.84 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 630 968 300.20 | 70.19 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Semi-Annual Report as of 30 November 2019
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Asset Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	CAPITAL AUTO RECEIVABLES ASSET TRU-144A 3.69000% 18-20.12.23 | 2 500 000.00 | 2 537 544.00 | 0.28 |
| USD	DRIVE AUTO RECEIVABLES TRUST 3.72000% 18-16.09.24 | 3 380 000.00 | 3 410 710.68 | 0.38 |
| USD	DRIVE AUTO RECEIVABLES TRUST 4.09000% 18-15.01.26 | 5 000 000.00 | 5 126 455.50 | 0.57 |
| USD	EXETER AUTOMOBILE RECEIVABLE TRUST-144A 2.75000% 18-15.04.22 | 2 400 000.00 | 844 675.82 | 0.09 |
| USD	EXETER AUTOMOBILE RECEIVABLE TRUST-144A 8.20000% 16-15.02.23 | 3 500 000.00 | 3 632 087.20 | 0.41 |
| USD	ONEMAIN DIRECT AUTO REC TRUST-144A 3.91000% 17-16.08.21 | 1 500 000.00 | 1 469 073.59 | 0.16 |
| Total USD |  | 17 020 546.79 | 1.89 |
| Total Asset Backed Securities, fixed rate |  | 17 020 546.79 | 1.89 |
| Mortgage Backed Securities, floating rate |  |  |  |
| USD |  |  |  |
| USD	MORGAN STANLEY CAPITAL INC-144A-SUB FLR 14-01.07.29 | 2 000 000.00 | 2 023 022.80 | 0.23 |
| USD	MSCG TRUST 2018-SELF-144A-SUB 1M LIBOR+90BP 18-15.10.37 | 1 000 000.00 | 1 000 936.10 | 0.11 |
| USD	VNDO 2013-PENN MORTGAGE TRUST-144A-SUB VAR 13-01.12.29 | 5 000 000.00 | 5 042 826.00 | 0.56 |
| Total USD |  | 8 066 784.90 | 0.90 |
| Total Mortgage Backed Securities, floating rate |  | 8 066 784.90 | 0.90 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ABBVIE INC 2.90000% 13-06.11.22 | 5 057 000.00 | 5 150 391.16 | 0.57 |
| USD	AKER BP ASA-REG-S 6.00000% 17-01.07.22 | 3 250 000.00 | 3 344 798.27 | 0.37 |
| USD	ALLERGAN SALES LLC-144A 5.00000% 13-15.12.21 | 4 000 000.00 | 4 186 783.60 | 0.47 |
| USD	ANGLO AMERICAN CAPITAL PLC-REG-S 3.75000% 17-10.04.22 | 1 700 000.00 | 1 747 638.42 | 0.19 |
| USD	AUSTRALIA & NEW ZEALAND BNK-REG-S-SUB 4.50000% 14-19.03.24 | 4 500 000.00 | 4 787 392.95 | 0.53 |
| USD	BANK OF AMERICA CORP 5.70000% 12-24.01.22 | 18 500 000.00 | 19 942 334.00 | 2.22 |
| USD	BPCE SA-REG-S 4.00000% 18-12.09.23 | 4 230 000.00 | 4 453 113.89 | 0.50 |
| USD	BROADCOM CORP/CAYMAN FIN LTD 3.00000% 18-15.01.22 | 5 000 000.00 | 5 056 882.50 | 0.56 |
| USD	BROADCOM INC-144A 3.12500% 19-15.10.22 | 960 000.00 | 976 427.52 | 0.11 |
| USD	DEUTSCHE BANK AG 4.25000% 17-14.10.21 | 10 000 000.00 | 10 224 600.00 | 1.14 |
| USD	FORD MOTOR CREDIT CO LLC 4.37500% 13-06.08.23 | 6 000 000.00 | 6 168 147.00 | 0.69 |
| USD	GENERAL ELECTRIC CO 2.70000% 12-09.10.22 | 3 400 000.00 | 3 428 366.20 | 0.38 |
| USD	GENERAL ELECTRIC CO-SUB 5.30000% 11-11.02.21 | 5 000 000.00 | 5 169 103.50 | 0.57 |
| USD	JPMORGAN CHASE & CO 4.40000% 10-22.07.20 | 10 291 000.00 | 10 448 951.41 | 1.16 |
| USD	KROGER CO 2.80000% 17-01.08.22 | 440 000.00 | 447 965.19 | 0.05 |
| USD	MARATHON OIL CORP 2.80000% 12-01.11.22 | 6 181 000.00 | 6 274 877.64 | 0.70 |
| USD	MOLSON COORS BREWING CO 2.25000% 17-15.03.20 | 5 000 000.00 | 5 001 783.00 | 0.56 |
| USD	NATIONAL AUSTRALIA BANK LTD/NY 3.70000% 18-04.11.21 | 3 797 000.00 | 3 910 454.36 | 0.43 |
| USD	OCCIDENTAL PETROLEUM CORP 2.60000% 16-15.04.22 | 2 000 000.00 | 2 008 166.00 | 0.22 |
| USD	ORIGIN ENERGY FINANCE LTD-REG-S 5.45000% 11-14.10.21 | 7 157 000.00 | 7 528 233.59 | 0.84 |
| USD	SKANDINAVISKA ENSKILDA BANKEN AB 2.62500% 16-15.03.21 | 3 170 000.00 | 3 191 790.58 | 0.36 |
| USD	VOLKSWAGEN GRP OF AMERICA FINANCE-144A 4.25000% 18-13.11.23 | 3 000 000.00 | 3 197 440.50 | 0.36 |
| Total USD |  | 116 645 641.28 | 12.98 |
| Total Notes, fixed rate |  | 116 645 641.28 | 12.98 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	HSBC HOLDINGS PLC 3.262%/VAR 17-13.03.23 | 12 000 000.00 | 12 243 721.20 | 1.36 |
| USD	MACQUARIE GROUP LTD-144A 3.189%/VAR 17-28.11.23 | 7 000 000.00 | 7 146 790.00 | 0.80 |
| USD	MACQUARIE GROUP LTD-REG-S 3.189%/VAR 17-28.11.23 | 3 000 000.00 | 3 062 910.00 | 0.34 |
| USD	MPLX LP 3M LIBOR+90BP 19-09.09.21 | 1 634 000.00 | 1 639 541.39 | 0.18 |
| Total USD |  | 24 092 962.59 | 2.68 |
| Total Notes, floating rate |  | 24 092 962.59 | 2.68 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ABN AMRO BANK NV-REG-S 2.65000% 18-19.01.21 | 11 850 000.00 | 11 924 354.01 | 1.33 |
| USD	AUSTRALIA & NEW ZEALAND BANKING-REG-S 4.87500% 11-12.01.21 | 3 125 000.00 | 3 220 875.00 | 0.36 |
| USD	CREDIT AGRICOLE SA LONDON-REG-S 2.37500% 16-01.07.21 | 5 000 000.00 | 5 029 420.50 | 0.56 |
| USD	DANSKE BANK AS-144A 2.75000% 15-17.09.20 | 1 100 000.00 | 1 104 547.51 | 0.12 |
| USD	DANSKE BANK AS-144A 2.80000% 16-10.03.21 | 742 000.00 | 747 186.95 | 0.08 |
| USD	HYUNDAI CAPITAL AMERICA-144A 2.55000% 17-03.04.20 | 1 000 000.00 | 1 000 800.70 | 0.11 |
| USD	NISSAN MOTOR ACCEPTANCE CORP-144A 2.65000% 17-13.07.22 | 1 000 000.00 | 1 003 052.20 | 0.11 |
| USD	UNICREDIT SPA-REG-S 6.57200% 19-14.01.22 | 2 500 000.00 | 2 680 061.00 | 0.30 |
| Total USD |  | 26 710 297.87 | 2.97 |
| Total Medium term notes, fixed rate |  | 26 710 297.87 | 2.97 |
| Medium term notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	DANSKE BANK AS-144A 3M LIBOR+51BP 17-02.03.20 | 1 000 000.00 | 999 994.90 | 0.11 |
| Total USD |  | 999 994.90 | 0.11 |
| Total Medium term notes, floating rate |  | 999 994.90 | 0.11 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Semi-Annual Report as of 30 November 2019
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |

Bonds, fixed rate
| USD |  |
| --- | --- |
| USD | BNP PARIBAS 5.00000% 11-15.01.21 | 14 073 000.00 | 14 541 314.25 | 1.62 |
| USD | ENERGY TRANSFER OPERATING LP 4.25000% 19-15.03.23 | 6 000 000.00 | 6 237 195.00 | 0.69 |
| Total USD |  |  | 20 778 509.25 | 2.31 |
| Total Bonds, fixed rate | 20 778 509.25 | 2.31 |
| Total Transferable securities and money market instruments traded on another regulated market | 214 314 737.58 | 23.84 |

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 | 1 173 515.21 | 0.13 |
| Total USD |  |  | 1 173 515.21 | 0.13 |
| Total Asset Backed Securities, fixed rate |  | 1 173 515.21 | 0.13 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	DANSKE BANK AS-144A 5.00000% 19-12.01.22 | 4 000 000.00 | 4 199 440.79 | 0.46 |
| USD	DIAMONDBACK ENERGY INC 2.87500% 19-01.12.24 | 3 760 000.00 | 3 756 164.80 | 0.42 |
| USD	GLENCORE FUNDING LLC-144A 3.00000% 17-27.10.22 | 2 625 000.00 | 2 642 590.65 | 0.29 |
| USD	MPLX LP-REG-S 3.50000% 19-01.12.22 | 2 095 000.00 | 2 144 893.89 | 0.24 |
| USD	SVENSKA HANDELSBANKEN AB 1.95000% 17-08.09.20 | 1 420 000.00 | 1 418 424.37 | 0.16 |
| Total USD |  | 14 161 514.50 | 1.57 |
| Total Notes, fixed rate |  | 14 161 514.50 | 1.57 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AUSTRALIA & NEW ZEALAND BANKING GRP/NY 2.25000% 17-09.11.20 | 4 625 000.00 | 4 634 851.25 | 0.52 |
| Total USD |  | 4 634 851.25 | 0.52 |
| Total Medium term notes, fixed rate |  | 4 634 851.25 | 0.52 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	CK HUTCHISON INTNL 17 II LTD-REG-S 2.25000% 17-29.09.20 | 2 280 000.00 | 2 276 830.80 | 0.25 |
| Total USD |  | 2 276 830.80 | 0.25 |
| Total Bonds, fixed rate | 2 276 830.80 | 0.25 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market | 22 246 711.76 | 2.47 |
| 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	1 096.85 | 10 968 480.00 | 1.22 |
| Total Ireland | 10 968 480.00 | 1.22 |
| Luxembourg |  |  |
| USD	UBS (LUX) BOND SICAV – SHORT DURATION HIGH YIELD SUSTAINABLE (USD) I-X-ACC	108 400.00 | 13 193 364.00 | 1.47 |
| Total Luxembourg | 13 193 364.00 | 1.47 |
| Total Investment funds, open end | 24 161 844.00 | 2.69 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 24 161 844.00 | 2.69 |
| Total investments in securities | 891 691 593.54 | 99.19 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange |
| Financial Futures on bonds |
|  |  |  |  |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.20 | -750.00 | 58 593.75 | 0.01 |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.20 | 1 100.00 | -68 750.00 | -0.01 |
| Total Financial Futures on bonds |  | -10 156.25 | 0.00 |
| Total Derivative instruments listed on an official stock exchange |  | -10 156.25 | 0.00 |
| Total Derivative instruments |  | -10 156.25 | 0.00 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Semi-Annual Report as of 30 November 2019
| Description	Quantity/ | Valuation in USD | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |

Forward Foreign Exchange contracts
Forward Foreign Exchange contracts (Purchase/Sale)
| USD | 7 473 917.75 | CHF | 7 049 175.00 | 8.12.2020 | 231 292.23 | 0.03 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 235 136 500.00 | USD | 236 411 942.43 | 7.1.2020 | -355 507.77 | -0.04 |
| EUR | 201 675 200.00 | USD | 222 871 263.52 | 7.1.2020 | 121 877.60 | 0.01 |
| USD | 482 638.23 | CHF | 480 700.00 | 7.1.2020 | 57.57 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | -2 280.37 | 0.00 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 3 060 326.11 | 0.34 |
| Bank overdraft and other short-term liabilities | -4 394 076.78 | -0.49 |
| Other assets and liabilities | 8 665 138.57 | 0.96 |
| Total net assets | 899 010 544.82 | 100.00 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Semi-Annual Report as of 30 November 2019

Translation (ENDE, 2019-11-30):
# UBS (Lux) Bond SICAV
– Short Term USD Corporates (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Nettovermögen in USD |  | 899 010 544.82 | 953 896 328.05 | 968 539 653.53 |
| Klasse F-acc | LU0396352246 |  |  |  |
| Aktien im Umlauf |  | 495 083.0000 | 491 720.0000 | 557 021.0000 |
| Nettoinventarwert pro Aktie in USD |  | 110.29 | 107.98 | 103.72 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 110.29 | 107.98 | 103.72 |
| Klasse (CHF hedged) F-acc | LU1289971720 |  |  |  |
| Aktien im Umlauf |  | 197 426.0000 | 224 490.0000 | 288 741.0000 |
| Nettoinventarwert pro Aktie in CHF |  | 100.68 | 100.18 | 99.48 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 100.68 | 100.18 | 99.48 |
| Klasse (EUR hedged) F-acc | LU1717044058 |  |  |  |
| Aktien im Umlauf |  | 276 504.0000 | 281 761.0000 | 348 641.0000 |
| Nettoinventarwert pro Aktie in EUR |  | 100.61 | 99.87 | 98.73 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 100.61 | 99.87 | 98.73 |
| Klasse I-A1-acc | LU0849031678 |  |  |  |
| Aktien im Umlauf |  | 104 598.6990 | 107 523.5840 | 129 755.2880 |
| Nettoinventarwert pro Aktie in USD |  | 113.26 | 110.97 | 106.74 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 113.26 | 110.97 | 106.74 |
| Klasse I-A2-acc | LU0838529096 |  |  |  |
| Aktien im Umlauf |  | 33 600.9340 | 71 658.4120 | 149 092.7680 |
| Nettoinventarwert pro Aktie in USD |  | 113.92 | 111.58 | 107.27 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 113.92 | 111.58 | 107.27 |
| Klasse I-B-acc | LU0396353483 |  |  |  |
| Aktien im Umlauf |  | 445 615.4700 | 445 264.0100 | 612 746.7590 |
| Nettoinventarwert pro Aktie in USD |  | 112.87 | 110.35 | 105.72 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 112.87 | 110.35 | 105.72 |
| Klasse (EUR hedged) I-B-acc | LU1323607827 |  |  |  |
| Aktien im Umlauf |  | 475 219.1710 | 570 012.7370 | 691 230.8410 |
| Nettoinventarwert pro Aktie in EUR |  | 102.56 | 101.66 | 100.22 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 102.56 | 101.66 | 100.22 |
| Klasse I-X-acc | LU0396353640 |  |  |  |
| Aktien im Umlauf |  | 546 721.8170 | 605 820.5070 | 240 116.1400 |
| Nettoinventarwert pro Aktie in USD |  | 113.43 | 110.86 | 106.14 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 113.43 | 110.86 | 106.14 |
| Klasse (CHF hedged) I-X-acc | LU0920821211 |  |  |  |
| Aktien im Umlauf |  | 2 130 416.1460 | 2 646 821.5390 | 2 810 237.0700 |
| Nettoinventarwert pro Aktie in CHF |  | 102.28 | 101.60 | 100.55 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 102.28 | 101.60 | 100.55 |
| Klasse (EUR hedged) I-X-acc | LU1632887292 |  |  |  |
| Aktien im Umlauf |  | 752 654.4990 | 892 919.6540 | 633 347.9300 |
| Nettoinventarwert pro Aktie in EUR |  | 100.80 | 99.88 | 98.41 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 100.80 | 99.88 | 98.41 |
| Klasse (EUR hedged) I-X-UKdist 2 | LU1885553575 |  |  |  |
| Aktien im Umlauf |  | 503 600.0000 | 190 000.0000 | - |
| Nettoinventarwert pro Aktie in EUR |  | 100.64 | 101.81 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 100.64 | 101.81 | - |
| Klasse K-X-acc | LU1564462387 |  |  |  |
| Aktien im Umlauf |  | 136 879.8750 | 136 879.8750 | 136 879.8750 |
| Nettoinventarwert pro Aktie in USD |  | 108.58 | 106.15 | 101.66 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 108.58 | 106.15 | 101.66 |
| Klasse (EUR hedged) K-X-acc | LU1620846318 |  |  |  |
| Aktien im Umlauf |  | 23 475.2070 | 64 115.3400 | 23 449.6280 |
| Nettoinventarwert pro Aktie in EUR |  | 100.88 | 99.98 | 98.54 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 100.88 | 99.98 | 98.54 |
| Klasse P-acc | LU0151774972 |  |  |  |
| Aktien im Umlauf |  | 375 399.2510 | 390 038.9990 | 407 316.9080 |
| Nettoinventarwert pro Aktie in USD |  | 144.01 | 141.42 | 136.66 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 144.01 | 141.42 | 136.66 |
| Klasse Q-acc | LU0396352592 |  |  |  |
| Aktien im Umlauf |  | 176 322.8850 | 173 891.6210 | 268 556.8580 |
| Nettoinventarwert pro Aktie in USD |  | 115.52 | 113.21 | 108.97 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 115.52 | 113.21 | 108.97 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Halbjahresbericht per 30. November 2019
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Klasse U-X-acc | LU0396353996 |  |  |  |
| Aktien im Umlauf |  | 14 962.0000 | 14 831.0000 | 17 566.0000 |
| Nettoinventarwert pro Aktie in USD |  | 10 869.96 | 10 624.42 | 10 171.14 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 10 869.96 | 10 624.42 | 10 171.14 |
| Klasse U-X-UKdist-mdist 3 | LU1839734792 |  |  |  |
| Aktien im Umlauf | - | 383.0000 | - |
| Nettoinventarwert pro Aktie in USD | - | 10 175.90 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 | - | 10 175.90 | - |
| 1  Siehe Erläuterung 1 2  Erste NAV 9.10.2018 3  Für die Periode vom 9.7.2018 bis zum 21.10.2019 war die Aktienklasse U-X-UKdist-mdist im Umlauf |  |  |  |


## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Vereinigte Staaten | 49.32 |
| --- | --- |
| Grossbritannien | 9.63 |
| Niederlande | 6.57 |
| Australien | 5.04 |
| Frankreich | 4.68 |
| Luxemburg | 3.30 |
| Dänemark | 2.45 |
| Irland | 2.14 |
| Schweden | 1.93 |
| Japan | 1.74 |
| Guernsey | 1.70 |
| Schweiz | 1.54 |
| Cayman-Inseln | 1.26 |
| Britische Jungferninseln | 1.23 |
| Deutschland | 1.14 |
| Vereinigte Arabische Emirate | 0.84 |
| Mexiko | 0.83 |
| Spanien | 0.65 |
| China | 0.58 |
| Kanada | 0.53 |
| Mauritius | 0.46 |
| Norwegen | 0.37 |
| Kolumbien | 0.33 |
| Italien | 0.30 |
| Südkorea | 0.20 |
| Finnland | 0.18 |
| Jersey | 0.14 |
| Singapur | 0.11 |
| Total | 99.19 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Banken & Kreditinstitute | 37.90 |
| --- | --- |
| Finanz- & Beteiligungsgesellschaften | 31.12 |
| Erdöl | 6.58 |
| Anlagefonds | 2.69 |
| Pharmazeutik, Kosmetik & medizinische Produkte | 2.62 |
| Internet, Software & IT-Dienste | 2.61 |
| Telekommunikation | 2.57 |
| Pfandbriefinstitute & Refinanzierungsgesellschaften | 2.56 |
| Tabak & alkoholische Getränke | 2.51 |
| Computer & Netzwerkausrüster | 2.40 |
| Versicherungen | 0.95 |
| Energie- & Wasserversorgung | 0.93 |
| Elektrische Geräte & Komponenten | 0.83 |
| Diverse nicht klassierte Gesellschaften | 0.75 |
| Bergbau, Kohle & Stahl | 0.70 |
| Verkehr & Transport | 0.42 |
| Supranationale Organisationen | 0.33 |
| Biotechnologie | 0.22 |
| Gesundheits- & Sozialwesen | 0.21 |
| Flugzeug- & Raumfahrtindustrie | 0.14 |
| Baugewerbe & Baumaterial | 0.10 |
| Detailhandel, Warenhäuser | 0.05 |
| Total | 99.19 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Halbjahresbericht per 30. November 2019

## Nettovermögensaufstellung
Aktiva	30.11.2019
USD
Wertpapierbestand, Einstandswert	882 973 337.73
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	8 718 255.81	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 891 691 593.54 |
| Bankguthaben, Sicht- und Fristgelder | 2 600 158.11 |
| Andere liquide Mittel (Margins) | 460 168.00 |
| Forderungen aus Wertpapierverkäufen (Erläuterung 1) | 6 707 480.00 |
| Forderungen aus Zeichnungen | 3 384 084.36 |
| Zinsforderungen aus Wertpapieren | 7 236 439.21 |
| Forderungen aus Dividenden | 21 792.65 |
| Nicht realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten (Erläuterung 1) | -10 156.25 |
| Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1) | -2 280.37 |
| Total Aktiva | 912 089 279.25 |
|  |  |
| Passiva |  |
| Kontokorrentkredit | -4 394 076.78 |
| Zinsverbindlichkeiten aus Kontokorrentkredit | -4.24 |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -7 376 158.85 |
| Verbindlichkeiten aus Rücknahmen | -1 163 926.28 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -42 042.14 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -23 357.57 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-79 168.57	 |
| Total Rückstellungen für Aufwendungen | -144 568.28 |
| Total Passiva | -13 078 734.43 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 899 010 544.82 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 1.6.2019-30.11.2019 |
| Zinsertrag auf liquide Mittel | 61 856.49 |
| Zinsen auf Wertpapiere | 14 388 839.75 |
| Dividenden | 38 114.05 |
| Erträge aus Securities Lending (Erläuterung 13) | 40 394.52 |
| Sonstige Erträge (Erläuterung 4) | 117 094.44 |
| Total Erträge | 14 646 299.25 |
|  |  |
| Aufwendungen |  |
| Pauschale Verwaltungskommission (Erläuterung 2) | -555 502.98 |
| Abonnementsabgabe (Erläuterung 3) | -61 774.43 |
| Kosten aus Securities Lending (Erläuterung 13) | -16 157.81 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -52 550.16 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -1 574.93 |
| Total Aufwendungen | -687 560.31 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | 13 958 738.94 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | -2 367 197.25 |
| Realisierter Kursgewinn (-verlust) aus renditebewerteten Wertpapieren und Geldmarktinstrumenten | 63 026.83 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | -579 941.40 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | -4 131 727.00 |
| Realisierter Währungsgewinn (-verlust) | 871 154.64 |
| Total der realisierten Gewinne (Verluste) | -6 144 684.18 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | 7 814 054.76 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 9 559 916.89 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | -498 439.45 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | -2 101 433.11 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 6 960 044.33 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 14 774 099.09 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Halbjahresbericht per 30. November 2019
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-30.11.2019 |
| Nettovermögen zu Beginn der Berichtsperiode | 953 896 328.05 |
| Zeichnungen | 89 698 924.58 |
| Rücknahmen | 	-158 861 361.26	 |
| Total Mittelzufluss (-abfluss) | -69 162 436.68 |
| Ausbezahlte Dividende | -497 445.64 |
| Nettoerträge (-verluste) aus Anlagen | 13 958 738.94 |
| Total der realisierten Gewinne (Verluste) | -6 144 684.18 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	6 960 044.33	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 14 774 099.09 |
| Nettovermögen am Ende der Berichtsperiode | 899 010 544.82 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2019-30.11.2019 |
| Klasse | F-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 491 720.0000 |
| Anzahl der ausgegebenen Aktien | 57 575.0000 |
| Anzahl der zurückgegebenen Aktien | -54 212.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 495 083.0000 |
| Klasse | (CHF hedged) F-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 224 490.0000 |
| Anzahl der ausgegebenen Aktien | 2 498.0000 |
| Anzahl der zurückgegebenen Aktien | -29 562.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 197 426.0000 |
| Klasse | (EUR hedged) F-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 281 761.0000 |
| Anzahl der ausgegebenen Aktien | 15 787.0000 |
| Anzahl der zurückgegebenen Aktien | -21 044.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 276 504.0000 |
| Klasse | I-A1-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 107 523.5840 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -2 924.8850 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 104 598.6990 |
| Klasse | I-A2-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 71 658.4120 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -38 057.4780 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 33 600.9340 |
| Klasse | I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 445 264.0100 |
| Anzahl der ausgegebenen Aktien | 797.7300 |
| Anzahl der zurückgegebenen Aktien | -446.2700 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 445 615.4700 |
| Klasse | (EUR hedged) I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 570 012.7370 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -94 793.5660 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 475 219.1710 |
| Klasse | I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 605 820.5070 |
| Anzahl der ausgegebenen Aktien | 1 088.2440 |
| Anzahl der zurückgegebenen Aktien | -60 186.9340 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 546 721.8170 |
| Klasse | (CHF hedged) I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 2 646 821.5390 |
| Anzahl der ausgegebenen Aktien | 112 806.8360 |
| Anzahl der zurückgegebenen Aktien | -629 212.2290 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 2 130 416.1460 |
| Klasse | (EUR hedged) I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 892 919.6540 |
| Anzahl der ausgegebenen Aktien | 1 864.5310 |
| Anzahl der zurückgegebenen Aktien | -142 129.6860 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 752 654.4990 |
| Klasse | (EUR hedged) I-X-UKdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 190 000.0000 |
| Anzahl der ausgegebenen Aktien | 427 700.0000 |
| Anzahl der zurückgegebenen Aktien | -114 100.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 503 600.0000 |
| Klasse | K-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 136 879.8750 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 136 879.8750 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Halbjahresbericht per 30. November 2019
| Klasse |  |  | (EUR hedged) K-X-acc |
| --- | --- | --- | --- |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  |  | 64 115.3400 |
| Anzahl der ausgegebenen Aktien |  |  | 39 690.4140 |
| Anzahl der zurückgegebenen Aktien |  |  | -80 330.5470 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  |  | 23 475.2070 |
| Klasse |  |  | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  |  | 390 038.9990 |
| Anzahl der ausgegebenen Aktien |  |  | 49 781.0350 |
| Anzahl der zurückgegebenen Aktien |  |  | -64 420.7830 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  |  | 375 399.2510 |
| Klasse |  |  | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  |  | 173 891.6210 |
| Anzahl der ausgegebenen Aktien |  |  | 28 251.3790 |
| Anzahl der zurückgegebenen Aktien |  |  | -25 820.1150 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  |  | 176 322.8850 |
| Klasse |  |  | U-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  |  | 14 831.0000 |
| Anzahl der ausgegebenen Aktien |  |  | 649.0000 |
| Anzahl der zurückgegebenen Aktien |  |  | -518.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  |  | 14 962.0000 |
| Klasse |  |  | U-X-UKdist-mdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  |  | 383.0000 |
| Anzahl der ausgegebenen Aktien |  |  | 0.0000 |
| Anzahl der zurückgegebenen Aktien |  |  | -383.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  |  | 0.0000 |
| Jährliche Ausschüttung 1 |  |  |  |
| UBS (Lux) Bond SICAV – Short Term USD Corporates (USD)	Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| (EUR hedged) I-X-UKdist	17.6.2019 | 20.6.2019 | EUR | 2.09 |
| Monatliche Ausschüttung 1 |  |  |  |
| UBS (Lux) Bond SICAV – Short Term USD Corporates (USD)	Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| U-X-UKdist-mdist	17.6.2019 | 20.6.2019 | USD | 28.17 |
| U-X-UKdist-mdist	15.7.2019 | 18.7.2019 | USD | 25.61 |
| U-X-UKdist-mdist	16.8.2019 | 21.8.2019 | USD | 30.22 |
| U-X-UKdist-mdist	16.9.2019 | 19.9.2019 | USD | 26.72 |
| U-X-UKdist-mdist	15.10.2019 | 18.10.2019 | USD | 26.34 |
| 1  Siehe Erläuterung 5 |  |  |  |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Halbjahresbericht per 30. November 2019

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	ABBVIE INC 2.50000% 15-14.05.20 | 8 774 000.00 | 8 788 530.62 | 0.98 |
| USD	ABN AMRO BANK NV-REG-S 2.45000% 15-04.06.20 | 3 000 000.00 | 3 005 160.00 | 0.33 |
| USD	AETNA INC 2.80000% 16-15.06.23 | 1 827 000.00 | 1 854 555.54 | 0.21 |
| USD	ALLERGAN FUNDING SCS 3.00000% 15-12.03.20 | 9 500 000.00 | 9 515 797.55 | 1.06 |
| USD	ALTRIA GROUP INC 3.49000% 19-14.02.22 | 2 500 000.00 | 2 567 728.75 | 0.28 |
| USD	ALTRIA GROUP INC 3.80000% 19-14.02.24 | 3 000 000.00 | 3 152 822.40 | 0.35 |
| USD	AMERICA MOVIL SAB DE CV 5.00000% 10-30.03.20 | 338 000.00 | 340 535.00 | 0.04 |
| USD	APPLE INC 2.25000% 16-23.02.21 | 20 480 000.00 | 20 583 987.20 | 2.29 |
| USD	AT&T INC 3.00000% 15-30.06.22 | 3 500 000.00 | 3 570 242.20 | 0.40 |
| USD	AT&T INC 3.20000% 17-01.03.22 | 13 000 000.00 | 13 301 189.20 | 1.48 |
| USD	BANQUE FEDERATIVE DU CREDIT MUT-REG-S 3.75000% 18-20.07.23 | 4 000 000.00 | 4 196 151.20 | 0.47 |
| USD	BARCLAYS BANK PLC 5.12500% 10-08.01.20 | 5 000 000.00 | 5 014 551.00 | 0.56 |
| USD	BARCLAYS PLC 3.20000% 16-10.08.21 | 17 627 000.00 | 17 846 873.90 | 1.98 |
| USD	BAYER US FINANCE II LLC-REG-S 3.50000% 18-25.06.21 | 5 000 000.00 | 5 082 482.50 | 0.56 |
| USD	BIOGEN INC 2.90000% 15-15.09.20 | 1 950 000.00 | 1 961 123.19 | 0.22 |
| USD	BP CAPITAL MARKETS PLC 2.75000% 18-10.05.23 | 5 000 000.00 | 5 104 540.00 | 0.57 |
| USD	CANADIAN NATURAL RESOURCES LTD 2.95000% 17-15.01.23 | 4 700 000.00 | 4 781 547.35 | 0.53 |
| USD	CCO LLC/CAPITAL 3.57900% 16-23.07.20 | 5 193 000.00 | 5 230 334.56 | 0.58 |
| USD	CITIGROUP INC 2.45000% 17-10.01.20 | 7 518 000.00 | 7 518 624.00 | 0.84 |
| USD	CITIGROUP INC 2.70000% 17-27.10.22 | 7 498 000.00 | 7 616 030.52 | 0.85 |
| USD	CITIGROUP INC 2.90000% 16-08.12.21 | 7 330 000.00 | 7 440 180.16 | 0.83 |
| USD	CNOOC CURTIS FUNDING NO.1 PTY LTD-REG-S 4.50000% 13-03.10.23 | 2 000 000.00 | 2 139 375.00 | 0.24 |
| USD	CNOOC FINANCE 2015 AUSTRALIA PTY LTD 2.62500% 15-05.05.20 | 8 834 000.00 | 8 842 834.00 | 0.98 |
| USD	CORPORACION ANDINA DE FOMENTO 2.12500% 16-27.09.21 | 3 000 000.00 | 2 983 950.00 | 0.33 |
| USD	CREDIT SUISSE GRP FDNG GUERNSEY 2.75000% 16-26.03.20 | 10 000 000.00 | 10 023 762.00 | 1.11 |
| USD	CREDIT SUISSE GRP FDNG GUERNSEY 3.80000% 16-09.06.23 | 5 000 000.00 | 5 225 877.50 | 0.58 |
| USD	CVS HEALTH CORP 3.35000% 18-09.03.21 | 1 063 000.00 | 1 080 040.32 | 0.12 |
| USD	CVS HEALTH CORP 3.70000% 18-09.03.23 | 3 000 000.00 | 3 123 976.80 | 0.35 |
| USD	DANSKE BANK AS-REG-S 2.00000% 16-08.09.21 | 9 500 000.00 | 9 438 117.48 | 1.05 |
| USD	DEUTSCHE BANK AG/NEW YORK NY 4.25000% 18-04.02.21 | 3 500 000.00 | 3 552 125.15 | 0.39 |
| USD	DEUTSCHE TELEKOM INTL FINANCE BV-REG-S 2.22500% 17-17.01.20 | 5 000 000.00 | 5 000 747.50 | 0.56 |
| USD	DTE ENERGY CO 2.25000% 19-01.11.22 | 8 340 000.00 | 8 324 538.47 | 0.93 |
| USD	ENEL FINANCE INTERNATIONAL NV-REG-S 2.87500% 17-25.05.22 | 5 000 000.00 | 5 052 598.00 | 0.56 |
| USD	FISERV INC 2.75000% 19-01.07.24 | 6 500 000.00 | 6 602 510.85 | 0.73 |
| USD	FORD MOTOR CREDIT CO LLC 3.20000% 15-15.01.21 | 5 787 000.00 | 5 809 911.31 | 0.65 |
| USD	GAZ CAPITAL SA-REG-S LPN 5.99900% 11-23.01.21 | 5 000 000.00 | 5 203 125.00 | 0.58 |
| USD	GE CAPITAL INTL FUNDING CO 2.34200% 16-15.11.20 | 3 338 000.00 | 3 334 506.78 | 0.37 |
| USD	GENERAL ELECTRIC CO 2.50000% 14-28.03.20 | 2 230 000.00 | 2 229 643.20 | 0.25 |
| USD	GENERAL MOTORS FINANCIAL CO INC 4.20000% 16-01.03.21 | 5 000 000.00 | 5 105 445.00 | 0.57 |
| USD	GENERAL MOTORS FINANCIAL CO INC 3.20000% 16-06.07.21 | 4 000 000.00 | 4 049 799.60 | 0.45 |
| USD	GENERAL MOTORS FINANCIAL CO INC 3.15000% 17-30.06.22 | 6 000 000.00 | 6 101 003.39 | 0.68 |
| USD	GENERAL MOTORS FINANCIAL CO 3.55000% 18-09.04.21 | 5 000 000.00 | 5 079 271.00 | 0.56 |
| USD	GLENCORE FUNDING LLC-REG-S 4.12500% 19-12.03.24 | 3 510 000.00 | 3 683 325.20 | 0.41 |
| USD	GOLDMAN SACHS GROUP INC 5.25000% 11-27.07.21 | 7 815 000.00 | 8 212 799.91 | 0.91 |
| USD	GOLDMAN SACHS GROUP INC 2.87500% 16-25.02.21 | 4 170 000.00 | 4 209 331.86 | 0.47 |
| USD	GOLDMAN SACHS GROUP INC 2.60000% 15-23.04.20 | 3 200 000.00 | 3 206 182.08 | 0.36 |
| USD	HYUNDAI CAPITAL AMERICA-REG-S 3.10000% 17-05.04.22 | 4 000 000.00 | 4 047 873.60 | 0.45 |
| USD	HYUNDAI CAPITAL SERVICES INC-REG-S 2.62500% 15-29.09.20 | 1 780 000.00 | 1 781 883.60 | 0.20 |
| USD	IHS NETHERLANDS HOLDCO BV-REG-S 7.12500% 19-18.03.25 | 2 000 000.00 | 2 082 500.00 | 0.23 |
| USD	IMPERIAL BRANDS FINANCE PLC-144A 3.50000% 13-11.02.23 | 6 500 000.00 | 6 638 628.10 | 0.74 |
| USD	IMPERIAL BRANDS FINANCE PLC-REG-S 2.95000% 15-21.07.20 | 3 510 000.00 | 3 522 135.12 | 0.39 |
| USD	ING BANK NV-REG-S 2.75000% 16-22.03.21 | 6 200 000.00 | 6 260 724.66 | 0.70 |
| USD	ING GROEP NV 3.55000% 19-09.04.24 | 5 398 000.00 | 5 627 939.14 | 0.63 |
| USD	ING GROEP NV 4.10000% 18-02.10.23 | 7 064 000.00 | 7 492 037.43 | 0.83 |
| USD	KINDER MORGAN INC 3.05000% 14-01.12.19 | 3 780 000.00 | 3 780 000.00 | 0.42 |
| USD	LLOYDS BANKING GROUP PLC 4.05000% 18-16.08.23 | 4 000 000.00 | 4 219 952.40 | 0.47 |
| USD	MARSH & MCLENNAN COS INC 2.35000% 15-06.03.20 | 5 730 000.00 | 5 733 287.30 | 0.64 |
| USD	MARSH & MCLENNAN COS INC 3.50000% 19-29.12.20 | 2 727 000.00 | 2 772 471.91 | 0.31 |
| USD	MICROSOFT CORP 2.37500% 15-12.02.22 | 16 650 000.00 | 16 885 803.96 | 1.88 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 2.19000% 16-13.09.21 | 6 049 000.00 | 6 046 882.85 | 0.67 |
| USD	MIZUHO FINANCIAL GROUP INC-REG-S 2.63200% 16-12.04.21 | 4 000 000.00 | 4 020 920.00 | 0.45 |
| USD	MOLSON COORS BREWING CO 2.10000% 16-15.07.21 | 5 000 000.00 | 4 995 319.65 | 0.56 |
| USD	MTN MAURITIUS INVESTMENTS LTD-REG-S 5.37300% 16-13.02.22 | 4 000 000.00 | 4 145 000.00 | 0.46 |
| USD	NEW YORK LIFE GLOBAL FUNDING-REG-S 2.00000% 16-13.04.21 | 1 975 000.00 | 1 978 326.10 | 0.22 |
| USD	NORDEA BANK ABP-REG-S 4.87500% 11-14.01.21 | 1 560 000.00 | 1 609 007.71 | 0.18 |
| USD	OCCIDENTAL PETROLEUM CORP 2.70000% 19-15.08.22 | 9 000 000.00 | 9 074 568.60 | 1.01 |
| USD	REYNOLDS AMERICAN INC 3.25000% 15-12.06.20 | 1 635 000.00 | 1 644 330.94 | 0.18 |
| USD	ROYAL BANK OF SCOTLAND GROUP PLC 3.87500% 16-12.09.23 | 10 000 000.00 | 10 402 876.00 | 1.16 |
| USD	SANTANDER HOLDINGS USA INC 4.45000% 18-03.12.21 | 2 200 000.00 | 2 283 700.98 | 0.25 |
| USD	SANTANDER UK GROUP HOLD PLC 2.87500% 15-16.10.20 | 3 000 000.00 | 3 011 904.00 | 0.33 |
| USD	SANTANDER UK GROUP HOLD PLC 2.87500% 16-05.08.21 | 7 000 000.00 | 7 065 235.80 | 0.79 |
| USD	SASOL FINANCING USA LLC 5.87500% 18-27.03.24 | 4 000 000.00 | 4 301 250.00 | 0.48 |
| USD	SCENTRE GROUP TRUST 1 /2-REG-S 2.37500% 15-28.04.21 | 1 170 000.00 | 1 169 298.00 | 0.13 |
| USD	SCHLUMBERGER INVESTMENT SA-REG-S 3.30000% 11-14.09.21 | 1 755 000.00 | 1 787 731.45 | 0.20 |
| USD	SHERWIN-WILLIAMS CO 2.75000% 17-01.06.22 | 900 000.00 | 914 257.71 | 0.10 |
| USD	SHIRE ACQUISITIONS INVT IRELAND DAC 2.40000% 16-23.09.21 | 4 952 000.00 | 4 974 379.57 | 0.55 |
| USD	SINOPEC GROUP OVERSEAS DEV LD-144A 3.75000% 18-12.09.23 | 5 000 000.00 | 5 217 187.50 | 0.58 |
| USD	SINOPEC GROUP OVERSEAS-REG-S 2.37500% 17-12.04.20 | 4 000 000.00 | 3 999 503.20 | 0.44 |
| USD	SKANDINAVISKA ENSKILDA BANKEN AB 1.87500% 16-13.09.21 | 5 000 000.00 | 4 988 351.35 | 0.55 |
| USD	SKANDINAVISKA ENSKILDA BANKEN AB 2.30000% 17-11.03.20 | 1 000 000.00 | 1 001 102.40 | 0.11 |
| USD	SUMITOMO MITSUI FIN GP INC 2.93400% 16-09.03.21 | 3 000 000.00 | 3 029 070.00 | 0.34 |
| USD	SUNOCO LOGISTICS PARTNERS OPERATIONS LP 4.40000% 15-01.04.21 | 7 373 000.00 | 7 543 826.51 | 0.84 |
| USD	TELEFONICA EMISIONES SAU 5.46200% 11-16.02.21 | 1 500 000.00 | 1 560 615.30 | 0.17 |
| USD	TELEFONICA EMISIONES SA 4.57000% 13-27.04.23 | 4 000 000.00 | 4 296 554.40 | 0.48 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Halbjahresbericht per 30. November 2019
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| USD | UBS GROUP AG-REG-S 3.00000% 16-15.04.21 | 4 170 000.00 | 4 224 782.96 | 0.47 |
| USD | VOLKSWAGEN GRP OF AMERICA FINANCE-REG-S 3.87500% 18-13.11.20 | 4 000 000.00 | 4 061 912.00 | 0.45 |
| USD | VOLKSWAGEN GRP OF AMERICA FINANCE-REG-S 4.00000% 18-12.11.21 | 5 474 000.00 | 5 657 456.73 | 0.63 |
| USD | ZOETIS INC 3.45000% 15-13.11.20 | 1 248 000.00 | 1 262 584.88 | 0.14 |
| Total USD |  |  | 453 200 958.05 | 50.41 |
| Total Notes, fester Zins |  | 453 200 958.05 | 50.41 |
| Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	BARCLAYS PLC 3M LIBOR+211BP 16-10.08.21 | 1 924 000.00 | 1 968 920.01 | 0.22 |
| USD	BHP BILLITON FINANCE USA-REG-S-SUB 6.750%/VAR 15-19.10.75 | 5 000 000.00 | 5 847 900.00 | 0.65 |
| USD	CREDIT SUISSE GROUP AG-REG-S 4.207%/VAR 18-12.06.24 | 5 000 000.00 | 5 275 139.00 | 0.59 |
| USD	GENERAL ELECTRIC CO 3M LIBOR+41BP 14-28.03.20 | 1 170 000.00 | 1 166 010.30 | 0.13 |
| USD	GOLDMAN SACHS GROUP INC 2.905%/VAR 17-24.07.23 | 14 000 000.00 | 14 226 007.60 | 1.58 |
| USD	GOLDMAN SACHS GROUP INC 3M LIBOR+78BP 17-31.10.22 | 5 000 000.00 | 5 032 850.00 | 0.56 |
| USD	MORGAN STANLEY 3.737%/VAR 18-24.04.24 | 5 364 000.00 | 5 608 797.94 | 0.62 |
| Total USD |  | 39 125 624.85 | 4.35 |
| Total Notes, variabler Zins |  | 39 125 624.85 | 4.35 |
| Medium-Term Notes, fester Zins |  |  |  |
| CHF |  |  |  |
| CHF	PETROLEOS MEXICANOS 1.50000% 15-08.12.20 | 7 000 000.00 | 7 080 202.13 | 0.79 |
| Total CHF |  | 7 080 202.13 | 0.79 |
| USD |  |  |  |
| USD	ADCB FINANCE CAYMAN LTD-REG-S-SUB 4.50000% 13-06.03.23 | 2 000 000.00 | 2 097 500.00 | 0.23 |
| USD	AUSTRALIA & NEW ZEALAND BANKING GRP/NY 2.30000% 16-01.06.21 | 6 000 000.00 | 6 015 900.00 | 0.67 |
| USD	BANQUE FEDER DU CREDIT MUTUEL-REG-S 2.75000% 15-15.10.20 | 6 266 000.00 | 6 299 188.50 | 0.70 |
| USD	BANQUE FEDER DU CREDIT MUTUEL-REG-S 2.70000% 17-20.07.22 | 4 400 000.00 | 4 460 734.52 | 0.50 |
| USD	CREDIT AGRICOLE SA LONDON-REG-S 3.37500% 17-10.01.22 | 9 000 000.00 | 9 199 228.50 | 1.02 |
| USD	DANSKE BANK AS-REG-S 2.80000% 16-10.03.21 | 5 483 000.00 | 5 521 328.91 | 0.61 |
| USD	HYUNDAI CAPITAL AMERICA-REG-S 2.55000% 17-03.04.20 | 3 800 000.00 | 3 803 042.66 | 0.42 |
| USD	HYUNDAI CAPITAL AMERICA-REG-S 3.25000% 17-20.09.22 | 4 238 000.00 | 4 310 557.95 | 0.48 |
| USD	MACQUARIE BANK LTD-REG-S-SUB 6.62500% 11-07.04.21 | 1 500 000.00 | 1 580 940.00 | 0.18 |
| USD	MDGH - GMTN BV-REG-S 5.00000% 10-15.11.20 | 2 500 000.00 | 2 562 500.00 | 0.29 |
| USD	MDGH - GMTN BV-REG-S 2.50000% 19-07.11.24 | 10 010 000.00 | 10 060 050.00 | 1.12 |
| USD	MORGAN STANLEY 3.12500% 18-23.01.23 | 9 000 000.00 | 9 241 969.50 | 1.03 |
| USD	NISSAN MOTOR ACCEPTANCE CORP-REG-S 2.60000% 17-28.09.22 | 1 310 000.00 | 1 317 067.05 | 0.15 |
| USD	QNB FINANCE LTD-REG-S 3.50000% 19-28.03.24 | 6 750 000.00 | 6 946 171.88 | 0.77 |
| USD	SOCIETE GENERALE-REG-S 3.25000% 17-12.01.22 | 3 000 000.00 | 3 057 925.50 | 0.34 |
| USD	STATE GRID OVERSEAS INVESTMENT-REG-S 2.25000% 17-04.05.20 | 7 100 000.00 | 7 095 527.00 | 0.79 |
| USD	SVENSKA HANDELSBANKEN AB 2.45000% 16-30.03.21 | 6 715 000.00 | 6 763 395.68 | 0.75 |
| Total USD |  | 90 333 027.65 | 10.05 |
| Total Medium-Term Notes, fester Zins |  | 97 413 229.78 | 10.84 |
| Medium-Term Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 3M LIBOR+66BP 17-21.07.21 | 4 000 000.00 | 4 011 420.80 | 0.45 |
| USD	DBS GROUP HOLDINGS LTD-REG-S-SUB 3.600%/VAR 16-PRP | 1 000 000.00 | 1 005 930.00 | 0.11 |
| Total USD |  | 5 017 350.80 | 0.56 |
| Total Medium-Term Notes, variabler Zins |  | 5 017 350.80 | 0.56 |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	BP CAPITAL MARKETS PLC-REG-S 3.16100% 16-17.03.21 | 3 670 000.00 | 3 716 717.63 | 0.41 |
| USD	HEATHROW FUNDING LTD-REG-S 4.87500% 11-15.07.21 | 1 170 000.00 | 1 211 815.09 | 0.14 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 2.66500% 17-25.07.22 | 2 500 000.00 | 2 526 950.00 | 0.28 |
| USD	REYNOLDS AMERICAN INC 4.00000% 15-12.06.22 | 5 000 000.00 | 5 202 496.00 | 0.58 |
| USD	SANTANDER HOLDINGS USA INC 3.70000% 18-28.03.22 | 5 500 000.00 | 5 650 014.15 | 0.63 |
| USD	UBS AG-REG-S-SUB 5.12500% 14-15.05.24 | 4 000 000.00 | 4 300 000.00 | 0.48 |
| USD	WELLS FARGO & CO 2.50000% 16-04.03.21 | 6 000 000.00 | 6 036 894.60 | 0.67 |
| Total USD |  | 28 644 887.47 | 3.19 |
| Total Anleihen, fester Zins |  | 28 644 887.47 | 3.19 |
| Anleihen, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	FIRST ABU DHABI BANK PJSC-REG-S-SUB 5.250%/VAR 15-PRP | 4 000 000.00 | 4 020 000.00 | 0.45 |
| USD	NBK TIER 1 FINANCING LTD-REG-S-SUB 5.750%/VAR 15-PRP | 2 000 000.00 | 2 051 875.00 | 0.23 |
| USD	NBK TIER 1 FINANCING 2 LTD-REG-S-SUB 4.500%/VAR 19-PRP | 1 500 000.00 | 1 494 374.25 | 0.16 |
| Total USD |  | 7 566 249.25 | 0.84 |
| Total Anleihen, variabler Zins |  | 7 566 249.25 | 0.84 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  | 630 968 300.20 | 70.19 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Halbjahresbericht per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |

Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden
Asset Backed Securities, fester Zins
| USD |  |
| --- | --- |
| USD | CAPITAL AUTO RECEIVABLES ASSET TRU-144A 3.69000% 18-20.12.23 | 2 500 000.00 | 2 537 544.00 | 0.28 |
| USD | DRIVE AUTO RECEIVABLES TRUST 3.72000% 18-16.09.24 | 3 380 000.00 | 3 410 710.68 | 0.38 |
| USD | DRIVE AUTO RECEIVABLES TRUST 4.09000% 18-15.01.26 | 5 000 000.00 | 5 126 455.50 | 0.57 |
| USD | EXETER AUTOMOBILE RECEIVABLE TRUST-144A 2.75000% 18-15.04.22 | 2 400 000.00 | 844 675.82 | 0.09 |
| USD | EXETER AUTOMOBILE RECEIVABLE TRUST-144A 8.20000% 16-15.02.23 | 3 500 000.00 | 3 632 087.20 | 0.41 |
| USD | ONEMAIN DIRECT AUTO REC TRUST-144A 3.91000% 17-16.08.21 | 1 500 000.00 | 1 469 073.59 | 0.16 |
| Total USD |  |  | 17 020 546.79 | 1.89 |
| Total Asset Backed Securities, fester Zins |  | 17 020 546.79 | 1.89 |
| Mortgage Backed Securities, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	MORGAN STANLEY CAPITAL INC-144A-SUB FLR 14-01.07.29 | 2 000 000.00 | 2 023 022.80 | 0.23 |
| USD	MSCG TRUST 2018-SELF-144A-SUB 1M LIBOR+90BP 18-15.10.37 | 1 000 000.00 | 1 000 936.10 | 0.11 |
| USD	VNDO 2013-PENN MORTGAGE TRUST-144A-SUB VAR 13-01.12.29 | 5 000 000.00 | 5 042 826.00 | 0.56 |
| Total USD |  | 8 066 784.90 | 0.90 |
| Total Mortgage Backed Securities, variabler Zins |  | 8 066 784.90 | 0.90 |
| Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	ABBVIE INC 2.90000% 13-06.11.22 | 5 057 000.00 | 5 150 391.16 | 0.57 |
| USD	AKER BP ASA-REG-S 6.00000% 17-01.07.22 | 3 250 000.00 | 3 344 798.27 | 0.37 |
| USD	ALLERGAN SALES LLC-144A 5.00000% 13-15.12.21 | 4 000 000.00 | 4 186 783.60 | 0.47 |
| USD	ANGLO AMERICAN CAPITAL PLC-REG-S 3.75000% 17-10.04.22 | 1 700 000.00 | 1 747 638.42 | 0.19 |
| USD	AUSTRALIA & NEW ZEALAND BNK-REG-S-SUB 4.50000% 14-19.03.24 | 4 500 000.00 | 4 787 392.95 | 0.53 |
| USD	BANK OF AMERICA CORP 5.70000% 12-24.01.22 | 18 500 000.00 | 19 942 334.00 | 2.22 |
| USD	BPCE SA-REG-S 4.00000% 18-12.09.23 | 4 230 000.00 | 4 453 113.89 | 0.50 |
| USD	BROADCOM CORP/CAYMAN FIN LTD 3.00000% 18-15.01.22 | 5 000 000.00 | 5 056 882.50 | 0.56 |
| USD	BROADCOM INC-144A 3.12500% 19-15.10.22 | 960 000.00 | 976 427.52 | 0.11 |
| USD	DEUTSCHE BANK AG 4.25000% 17-14.10.21 | 10 000 000.00 | 10 224 600.00 | 1.14 |
| USD	FORD MOTOR CREDIT CO LLC 4.37500% 13-06.08.23 | 6 000 000.00 | 6 168 147.00 | 0.69 |
| USD	GENERAL ELECTRIC CO 2.70000% 12-09.10.22 | 3 400 000.00 | 3 428 366.20 | 0.38 |
| USD	GENERAL ELECTRIC CO-SUB 5.30000% 11-11.02.21 | 5 000 000.00 | 5 169 103.50 | 0.57 |
| USD	JPMORGAN CHASE & CO 4.40000% 10-22.07.20 | 10 291 000.00 | 10 448 951.41 | 1.16 |
| USD	KROGER CO 2.80000% 17-01.08.22 | 440 000.00 | 447 965.19 | 0.05 |
| USD	MARATHON OIL CORP 2.80000% 12-01.11.22 | 6 181 000.00 | 6 274 877.64 | 0.70 |
| USD	MOLSON COORS BREWING CO 2.25000% 17-15.03.20 | 5 000 000.00 | 5 001 783.00 | 0.56 |
| USD	NATIONAL AUSTRALIA BANK LTD/NY 3.70000% 18-04.11.21 | 3 797 000.00 | 3 910 454.36 | 0.43 |
| USD	OCCIDENTAL PETROLEUM CORP 2.60000% 16-15.04.22 | 2 000 000.00 | 2 008 166.00 | 0.22 |
| USD	ORIGIN ENERGY FINANCE LTD-REG-S 5.45000% 11-14.10.21 | 7 157 000.00 | 7 528 233.59 | 0.84 |
| USD	SKANDINAVISKA ENSKILDA BANKEN AB 2.62500% 16-15.03.21 | 3 170 000.00 | 3 191 790.58 | 0.36 |
| USD	VOLKSWAGEN GRP OF AMERICA FINANCE-144A 4.25000% 18-13.11.23 | 3 000 000.00 | 3 197 440.50 | 0.36 |
| Total USD |  | 116 645 641.28 | 12.98 |
| Total Notes, fester Zins |  | 116 645 641.28 | 12.98 |
| Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	HSBC HOLDINGS PLC 3.262%/VAR 17-13.03.23 | 12 000 000.00 | 12 243 721.20 | 1.36 |
| USD	MACQUARIE GROUP LTD-144A 3.189%/VAR 17-28.11.23 | 7 000 000.00 | 7 146 790.00 | 0.80 |
| USD	MACQUARIE GROUP LTD-REG-S 3.189%/VAR 17-28.11.23 | 3 000 000.00 | 3 062 910.00 | 0.34 |
| USD	MPLX LP 3M LIBOR+90BP 19-09.09.21 | 1 634 000.00 | 1 639 541.39 | 0.18 |
| Total USD |  | 24 092 962.59 | 2.68 |
| Total Notes, variabler Zins |  | 24 092 962.59 | 2.68 |
| Medium-Term Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	ABN AMRO BANK NV-REG-S 2.65000% 18-19.01.21 | 11 850 000.00 | 11 924 354.01 | 1.33 |
| USD	AUSTRALIA & NEW ZEALAND BANKING-REG-S 4.87500% 11-12.01.21 | 3 125 000.00 | 3 220 875.00 | 0.36 |
| USD	CREDIT AGRICOLE SA LONDON-REG-S 2.37500% 16-01.07.21 | 5 000 000.00 | 5 029 420.50 | 0.56 |
| USD	DANSKE BANK AS-144A 2.75000% 15-17.09.20 | 1 100 000.00 | 1 104 547.51 | 0.12 |
| USD	DANSKE BANK AS-144A 2.80000% 16-10.03.21 | 742 000.00 | 747 186.95 | 0.08 |
| USD	HYUNDAI CAPITAL AMERICA-144A 2.55000% 17-03.04.20 | 1 000 000.00 | 1 000 800.70 | 0.11 |
| USD	NISSAN MOTOR ACCEPTANCE CORP-144A 2.65000% 17-13.07.22 | 1 000 000.00 | 1 003 052.20 | 0.11 |
| USD	UNICREDIT SPA-REG-S 6.57200% 19-14.01.22 | 2 500 000.00 | 2 680 061.00 | 0.30 |
| Total USD |  | 26 710 297.87 | 2.97 |
| Total Medium-Term Notes, fester Zins |  | 26 710 297.87 | 2.97 |
| Medium-Term Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	DANSKE BANK AS-144A 3M LIBOR+51BP 17-02.03.20 | 1 000 000.00 | 999 994.90 | 0.11 |
| Total USD |  | 999 994.90 | 0.11 |
| Total Medium-Term Notes, variabler Zins |  | 999 994.90 | 0.11 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Halbjahresbericht per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	BNP PARIBAS 5.00000% 11-15.01.21 | 14 073 000.00 | 14 541 314.25 | 1.62 |
| USD	ENERGY TRANSFER OPERATING LP 4.25000% 19-15.03.23 | 6 000 000.00 | 6 237 195.00 | 0.69 |
| Total USD |  | 20 778 509.25 | 2.31 |
| Total Anleihen, fester Zins |  | 20 778 509.25 | 2.31 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  | 214 314 737.58 | 23.84 |

Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Asset Backed Securities, fester Zins
| USD |  |
| --- | --- |
| USD | DT AUTO OWNER TRUST-144A 3.89000% 17-15.01.23 | 1 165 000.00 | 1 173 515.21 | 0.13 |
| Total USD |  |  | 1 173 515.21 | 0.13 |
| Total Asset Backed Securities, fester Zins |  | 1 173 515.21 | 0.13 |
| Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	DANSKE BANK AS-144A 5.00000% 19-12.01.22 | 4 000 000.00 | 4 199 440.79 | 0.46 |
| USD	DIAMONDBACK ENERGY INC 2.87500% 19-01.12.24 | 3 760 000.00 | 3 756 164.80 | 0.42 |
| USD	GLENCORE FUNDING LLC-144A 3.00000% 17-27.10.22 | 2 625 000.00 | 2 642 590.65 | 0.29 |
| USD	MPLX LP-REG-S 3.50000% 19-01.12.22 | 2 095 000.00 | 2 144 893.89 | 0.24 |
| USD	SVENSKA HANDELSBANKEN AB 1.95000% 17-08.09.20 | 1 420 000.00 | 1 418 424.37 | 0.16 |
| Total USD |  | 14 161 514.50 | 1.57 |
| Total Notes, fester Zins |  | 14 161 514.50 | 1.57 |
| Medium-Term Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AUSTRALIA & NEW ZEALAND BANKING GRP/NY 2.25000% 17-09.11.20 | 4 625 000.00 | 4 634 851.25 | 0.52 |
| Total USD |  | 4 634 851.25 | 0.52 |
| Total Medium-Term Notes, fester Zins |  | 4 634 851.25 | 0.52 |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	CK HUTCHISON INTNL 17 II LTD-REG-S 2.25000% 17-29.09.20 | 2 280 000.00 | 2 276 830.80 | 0.25 |
| Total USD |  | 2 276 830.80 | 0.25 |
| Total Anleihen, fester Zins |  | 2 276 830.80 | 0.25 |
| Total Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden |  | 22 246 711.76 | 2.47 |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
| Irland |  |
| --- | --- |
| USD | UBS (IRL) SELECT MONEY MARKET FUND-USD-S-DIST | 1 096.85 | 10 968 480.00 | 1.22 |
| Total Irland |  | 10 968 480.00 | 1.22 |
| Luxemburg |  |  |  |
| USD	UBS (LUX) BOND SICAV – SHORT DURATION HIGH YIELD SUSTAINABLE (USD) I-X-ACC | 108 400.00 | 13 193 364.00 | 1.47 |
| Total Luxemburg | 13 193 364.00 | 1.47 |
| Total Investment Fonds, open end | 24 161 844.00 | 2.69 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 | 24 161 844.00 | 2.69 |
| Total des Wertpapierbestandes | 891 691 593.54 | 99.19 |

| Derivative Instrumente |  |
| --- | --- |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |
| Finanzterminkontrakte auf Anleihen |
|  |  |  |  |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.20 | -750.00 | 58 593.75 | 0.01 |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.20 | 1 100.00 | -68 750.00 | -0.01 |
| Total Finanzterminkontrakte auf Anleihen |  | -10 156.25 | 0.00 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | -10 156.25 | 0.00 |
| Total Derivative Instrumente |  | -10 156.25 | 0.00 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Halbjahresbericht per 30. November 2019
| Bezeichnung	Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- |
| Nominal | NR Kursgewinn | Netto- |
|  | (-verlust) auf Futures/ | vermögens |
|  | Devisentermin- |  |
|  | kontrakten/ |  |
|  | Swaps (Erl. 1) |  |

Devisenterminkontrakte
Devisenterminkontrakte (Kauf/Verkauf)
| USD | 7 473 917.75 | CHF | 7 049 175.00 | 8.12.2020 | 231 292.23 | 0.03 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 235 136 500.00 | USD | 236 411 942.43 | 7.1.2020 | -355 507.77 | -0.04 |
| EUR | 201 675 200.00 | USD | 222 871 263.52 | 7.1.2020 | 121 877.60 | 0.01 |
| USD | 482 638.23 | CHF | 480 700.00 | 7.1.2020 | 57.57 | 0.00 |
| Total Devisenterminkontrakte (Kauf/Verkauf) | -2 280.37 | 0.00 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 3 060 326.11 | 0.34 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -4 394 076.78 | -0.49 |
| Andere Aktiva und Passiva | 8 665 138.57 | 0.96 |
| Total des Nettovermögens | 899 010 544.82 | 100.00 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Halbjahresbericht per 30. November 2019