# UBS (Lux) Bond SICAV
– Global Short Term Flexible (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Net assets in USD |  | 74 440 710.24 | 39 807 002.63 | 59 340 337.08 |
| Class (EUR hedged) I-X-acc 1 | LU2073878865 |  |  |  |
| Shares outstanding |  | 54 754.0000 | - | - |
| Net asset value per share in EUR |  | 100.20 | - | - |
| Issue and redemption price per share in EUR 2 |  | 100.20 | - | - |
| Class (EUR hedged) K-1-acc | LU0719382987 |  |  |  |
| Shares outstanding |  | 1.1000 | 1.1000 | 4.2000 |
| Net asset value per share in EUR |  | 3 073 056.43 | 3 053 138.47 | 2 992 069.90 |
| Issue and redemption price per share in EUR 2 |  | 3 073 056.43 | 3 053 138.47 | 2 992 069.90 |
| Class P-acc | LU0659916679 |  |  |  |
| Shares outstanding |  | 32 283.7710 | 64 046.8510 | 80 404.3690 |
| Net asset value per share in USD |  | 86.34 | 84.74 | 84.53 |
| Issue and redemption price per share in USD 2 |  | 86.34 | 84.74 | 84.53 |
| Class (AUD hedged) P-acc 3 | LU1991167542 |  |  |  |
| Shares outstanding |  | 490 287.1390 | - | - |
| Net asset value per share in AUD |  | 101.15 | - | - |
| Issue and redemption price per share in AUD 2 |  | 101.15 | - | - |
| Class (CHF hedged) P-acc | LU0726085425 |  |  |  |
| Shares outstanding |  | 12 833.7590 | 13 493.3710 | 55 397.8680 |
| Net asset value per share in CHF |  | 89.42 | 89.22 | 89.24 |
| Issue and redemption price per share in CHF 2 |  | 89.42 | 89.22 | 89.24 |
| Class (EUR hedged) P-acc | LU0706127809 |  |  |  |
| Shares outstanding |  | 196 673.5960 | 221 918.0080 | 244 017.1070 |
| Net asset value per share in EUR |  | 100.90 | 100.42 | 98.73 |
| Issue and redemption price per share in EUR 2 |  | 100.90 | 100.42 | 98.73 |
| Class P-dist | LU0659904402 |  |  |  |
| Shares outstanding |  | 10 959.9530 | 11 107.4500 | 13 303.5590 |
| Net asset value per share in USD |  | 73.22 | 73.13 | 74.28 |
| Issue and redemption price per share in USD 2 |  | 73.22 | 73.13 | 74.28 |
| Class (AUD hedged) Q-acc 3 | LU1991167898 |  |  |  |
| Shares outstanding |  | 33 883.5940 | - | - |
| Net asset value per share in AUD |  | 101.31 | - | - |
| Issue and redemption price per share in AUD 2 |  | 101.31 | - | - |
| Class (EUR hedged) Q-acc | LU0718864688 |  |  |  |
| Shares outstanding |  | 19 220.5110 | 33 321.5820 | 31 996.3270 |
| Net asset value per share in EUR |  | 102.85 | 102.18 | 100.03 |
| Issue and redemption price per share in EUR 2 |  | 102.85 | 102.18 | 100.03 |
| 1  First NAV: 13.11.2019 2  See note 1 3  First NAV: 14.6.2019 |  |  |  |  |

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

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| United States | 51.84 |
| --- | --- |
| Canada | 8.10 |
| New Zealand | 7.24 |
| Australia | 3.57 |
| United Kingdom | 3.17 |
| France | 3.16 |
| Italy | 2.86 |
| Japan | 1.81 |
| Spain | 1.76 |
| The Netherlands | 1.04 |
| China | 0.91 |
| Kazakhstan | 0.75 |
| British Virgin Islands | 0.68 |
| Luxembourg | 0.67 |
| Mexico | 0.63 |
| Romania | 0.60 |
| South Africa | 0.57 |
| Supranationals | 0.57 |
| Singapore | 0.54 |
| Saudi Arabia | 0.54 |
| Ireland | 0.46 |
| Ghana | 0.44 |
| Guatemala | 0.41 |
| Chile | 0.40 |
| Germany | 0.32 |
| Mongolia | 0.30 |
| Norway | 0.30 |
| Nigeria | 0.29 |
| Uruguay | 0.29 |
| Kenya | 0.29 |
| Hong Kong | 0.28 |
| Ukraine | 0.28 |
| Colombia | 0.28 |
| Indonesia | 0.28 |
| Cayman Islands | 0.27 |
| Oman | 0.27 |
| Brazil | 0.27 |
| Sri Lanka | 0.27 |
| Costa Rica | 0.27 |
| Sweden | 0.23 |
| Jersey | 0.17 |
| Total | 97.38 |

Economic Breakdown as a % of net assets	
| Countries & central governments | 67.74 |
| --- | --- |
| Finance & holding companies | 8.48 |
| Banks & credit institutions | 5.73 |
| Telecommunications | 2.09 |
| Mortgage & funding institutions | 1.93 |
| Cantons, federal states | 1.69 |
| Energy & water supply | 1.37 |
| Pharmaceuticals, cosmetics & medical products | 1.26 |
| Computer hardware & network equipment providers | 1.17 |
| Petroleum | 0.92 |
| Traffic & transportation | 0.83 |
| Cities & municipal authorities | 0.65 |
| Supranational organisations | 0.57 |
| Healthcare & social services | 0.53 |
| Food & soft drinks | 0.53 |
| Insurance | 0.33 |
| Chemicals | 0.28 |
| Miscellaneous consumer goods | 0.20 |
| Miscellaneous services | 0.17 |
| Tobacco & alcohol | 0.17 |
| Investment funds | 0.16 |
| Internet, software & IT services | 0.15 |
| Public, non-profit institutions | 0.15 |
| Miscellaneous unclassified companies | 0.14 |
| Aerospace industry | 0.07 |
| Biotechnology | 0.07 |
| Total | 97.38 |

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

## Statement of Net Assets
Assets	30.11.2019
USD
Investments in securities, cost	72 336 668.05
| Investments in securities, unrealized appreciation (depreciation) | 	151 148.27	 |
| --- | --- |
| Total investments in securities (Note 1) | 72 487 816.32 |
| Cash at banks, deposits on demand and deposit accounts | 1 786 709.35 |
| Other liquid assets (Margins) | 221 062.69 |
| Receivable on subscriptions | 26 612.86 |
| Interest receivable on securities | 364 362.71 |
| Interest receivable on liquid assets | 1 710.52 |
| Receivable on dividends | 13 578.73 |
| Other receivables | 19 783.06 |
| Unrealized gain (loss) on financial futures (Note 1) | 6 117.08 |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | 261 695.69 |
| Unrealized gain (loss) on swaps (Note 1) | -71 225.86 |
| Total Assets | 75 118 223.15 |
|  |  |
| Liabilities |  |
| Bank overdraft | -128 208.71 |
| Payable on securities purchases (Note 1) | -509 421.14 |
| Payable on redemptions | -8 552.34 |
| Provisions for flat fee (Note 2) | -21 604.49 |
| Provisions for taxe d’abonnement (Note 3) | -5 675.37 |
| Provisions for other commissions and fees (Note 2) | 	-4 050.86	 |
| Total provisions | -31 330.72 |
| Total Liabilities | -677 512.91 |
|  |  |
| Net assets at the end of the period | 74 440 710.24 |
| Statement of Operations | USD |
| Income | 1.6.2019-30.11.2019 |
| Interest on liquid assets | 5 647.98 |
| Interest on securities | 879 094.69 |
| Interest received on swaps (Note 1) | 16 623.15 |
| Income on securities lending (Note 13) | 14 093.32 |
| Other income (Note 4) | 8 611.85 |
| Total income | 924 070.99 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -23 004.76 |
| Flat fee (Note 2) | -281 904.64 |
| Taxe d’abonnement (Note 3) | -16 706.91 |
| Cost on securities lending (Note 13) | -5 637.33 |
| Other commissions and fees (Note 2) | -4 087.67 |
| Interest on cash and bank overdraft | -77.43 |
| Total expenses | -331 418.74 |
|  |  |
| Net income (loss) on investments | 592 652.25 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | -149 753.73 |
| Realized gain (loss) on financial futures | -11 418.94 |
| Realized gain (loss) on forward foreign exchange contracts | -1 606 844.06 |
| Realized gain (loss) on swaps | -51 821.24 |
| Realized gain (loss) on foreign exchange | 349 824.78 |
| Total realized gain (loss) | -1 470 013.19 |
|  |  |
| Net realized gain (loss) of the period | -877 360.94 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 225 521.33 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | -4 339.34 |
| Unrealized appreciation (depreciation) on financial futures | 57 515.12 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | 159 369.99 |
| Unrealized appreciation (depreciation) on swaps | 28 058.71 |
| Total changes in unrealized appreciation (depreciation) | 466 125.81 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | -411 235.13 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (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 |  | 39 807 002.63 |
| Subscriptions |  | 58 321 956.69 |
| Redemptions |  | 	-23 262 908.23	 |
| Total net subscriptions (redemptions) |  | 35 059 048.46 |
| Dividend paid |  | -14 105.72 |
| Net income (loss) on investments |  | 592 652.25 |
| Total realized gain (loss) |  | -1 470 013.19 |
| Total changes in unrealized appreciation (depreciation) |  | 	466 125.81	 |
| Net increase (decrease) in net assets as a result of operations |  | -411 235.13 |
| Net assets at the end of the period |  | 74 440 710.24 |
| Changes in the Number of Shares outstanding |  |  |
|  |  | 1.6.2019-30.11.2019 |
| Class |  | (EUR hedged) I-X-acc |
| Number of shares outstanding at the beginning of the period |  | 0.0000 |
| Number of shares issued |  | 54 754.0000 |
| Number of shares redeemed |  | 0.0000 |
| Number of shares outstanding at the end of the period |  | 54 754.0000 |
| Class |  | (EUR hedged) K-1-acc |
| Number of shares outstanding at the beginning of the period |  | 1.1000 |
| Number of shares issued |  | 0.0000 |
| Number of shares redeemed |  | 0.0000 |
| Number of shares outstanding at the end of the period |  | 1.1000 |
| Class |  | P-acc |
| Number of shares outstanding at the beginning of the period |  | 64 046.8510 |
| Number of shares issued |  | 426.5370 |
| Number of shares redeemed |  | -32 189.6170 |
| Number of shares outstanding at the end of the period |  | 32 283.7710 |
| Class |  | (AUD hedged) P-acc |
| Number of shares outstanding at the beginning of the period |  | 0.0000 |
| Number of shares issued |  | 598 175.7040 |
| Number of shares redeemed |  | -107 888.5650 |
| Number of shares outstanding at the end of the period |  | 490 287.1390 |
| Class |  | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the period |  | 13 493.3710 |
| Number of shares issued |  | 597.2360 |
| Number of shares redeemed |  | -1 256.8480 |
| Number of shares outstanding at the end of the period |  | 12 833.7590 |
| Class |  | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the period |  | 221 918.0080 |
| Number of shares issued |  | 17 081.6240 |
| Number of shares redeemed |  | -42 326.0360 |
| Number of shares outstanding at the end of the period |  | 196 673.5960 |
| Class |  | P-dist |
| Number of shares outstanding at the beginning of the period |  | 11 107.4500 |
| Number of shares issued |  | 154.3350 |
| Number of shares redeemed |  | -301.8320 |
| Number of shares outstanding at the end of the period |  | 10 959.9530 |
| Class |  | (AUD hedged) Q-acc |
| Number of shares outstanding at the beginning of the period |  | 0.0000 |
| Number of shares issued |  | 38 648.6900 |
| Number of shares redeemed |  | -4 765.0960 |
| Number of shares outstanding at the end of the period |  | 33 883.5940 |
| Class |  | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the period |  | 33 321.5820 |
| Number of shares issued |  | 54 448.7230 |
| Number of shares redeemed |  | -68 549.7940 |
| Number of shares outstanding at the end of the period |  | 19 220.5110 |
| Annual Distribution 1 |  |  |
| UBS (Lux) Bond SICAV – Global Short Term Flexible (USD)	Ex-Date | Pay-Date | Currency	Amount per share |
| P-dist	1.8.2019 | 6.8.2019 | USD	1.27 |
| 1  See note 5 |  |  |

UBS (Lux) Bond SICAV – Global Short Term Flexible (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 |  |  |  |
| AUD |  |  |  |
| AUD	AT&T INC 3.45000% 18-19.09.23 | 1 000 000.00 | 716 382.00 | 0.96 |
| Total AUD |  | 716 382.00 | 0.96 |
| CAD |  |  |  |
| CAD	BRITISH COLUMBIA, PROVINCE OF 3.30000% 13-18.12.23 | 1 000 000.00 | 796 762.66 | 1.07 |
| Total CAD |  | 796 762.66 | 1.07 |
| EUR |  |  |  |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 100 000.00 | 122 675.27 | 0.17 |
| EUR	ALTICE LUXEMBOURG SA-REG-S 8.00000% 19-15.05.27 | 100 000.00 | 122 184.62 | 0.16 |
| EUR	BERKSHIRE HATHAWAY INC 0.50000% 16-13.03.20 | 150 000.00 | 165 634.78 | 0.22 |
| EUR	FINANCIAL & RISK US HOLDINGS INC-REG-S 6.87500% 18-15.11.26 | 100 000.00 | 124 588.29 | 0.17 |
| EUR	INFOR US INC 5.75000% 16-15.05.22 | 100 000.00 | 111 583.12 | 0.15 |
| EUR	LOXAM SAS-REG-S 2.87500% 19-15.04.26 | 100 000.00 | 110 811.30 | 0.15 |
| EUR	MERCK & CO INC 1.12500% 14-15.10.21 | 100 000.00 | 112 632.80 | 0.15 |
| EUR	PHILIP MORRIS INTERNATIONAL INC 2.87500% 12-30.05.24 | 100 000.00 | 123 221.28 | 0.17 |
| EUR	UNILABS SUBHOLDING AB-REG-S 5.75000% 17-15.05.25 | 100 000.00 | 114 394.75 | 0.15 |
| Total EUR |  | 1 107 726.21 | 1.49 |
| USD |  |  |  |
| USD	ABBVIE INC 2.50000% 15-14.05.20 | 100 000.00 | 100 165.61 | 0.13 |
| USD	AECOM TECHNOLOGY CORP 5.87500% 15-15.10.24 | 50 000.00 | 54 625.00 | 0.07 |
| USD	ALLERGAN FUNDING SCS 3.00000% 15-12.03.20 | 150 000.00 | 150 249.44 | 0.20 |
| USD	AMBER CIRCLE FUNDING LTD-REG-S 3.25000% 12-04.12.22 | 200 000.00 | 204 375.00 | 0.27 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 100 000.00 | 103 866.25 | 0.14 |
| USD	APPLE INC 1.80000% 19-11.09.24 | 100 000.00 | 99 214.58 | 0.13 |
| USD	CHILE, REPUBLIC OF 2.25000% 12-30.10.22 | 300 000.00 | 300 656.25 | 0.40 |
| USD	CIGNA CORP 3.40000% 19-17.09.21 | 100 000.00 | 102 200.46 | 0.14 |
| USD	CITIGROUP INC 2.75000% 17-25.04.22 | 150 000.00 | 152 216.99 | 0.20 |
| USD	CNOOC FINANCE 2012 LTD-REG-S 3.87500% 12-02.05.22 | 200 000.00 | 206 250.00 | 0.28 |
| USD	CNPC HK OVERSEAS CAPITAL LTD-REG-S 4.50000% 11-28.04.21 | 270 000.00 | 277 425.00 | 0.37 |
| USD	CONAGRA BRANDS INC 3.80000% 18-22.10.21 | 50 000.00 | 51 479.22 | 0.07 |
| USD	COSTA RICA, REPUBLIC OF-REG-S 4.25000% 12-26.01.23 | 200 000.00 | 198 875.00 | 0.27 |
| USD	CVS HEALTH CORP 2.62500% 19-15.08.24 | 90 000.00 | 90 723.75 | 0.12 |
| USD	CVS HEALTH CORP 2.80000% 15-20.07.20 | 130 000.00 | 130 598.32 | 0.18 |
| USD	DIAGEO CAPITAL PLC 2.12500% 19-24.10.24 | 200 000.00 | 200 329.70 | 0.27 |
| USD	DOMINION ENERGY INC 2.00000% 16-15.08.21 | 70 000.00 | 69 887.89 | 0.09 |
| USD	ENERGY TRANSFER PARTNERS LP 4.15000% 13-01.10.20 | 90 000.00 | 91 101.83 | 0.12 |
| USD	EXELON CORP 2.45000% 16-15.04.21 | 140 000.00 | 140 406.88 | 0.19 |
| USD	EXXON MOBIL CORP 1.90200% 19-16.08.22 | 120 000.00 | 120 416.28 | 0.16 |
| USD	GHANA GOVT INTNL BOND-REG-S 7.87500% 13-07.08.23 | 300 000.00 | 325 031.25 | 0.44 |
| USD	GILEAD SCIENCES INC 2.55000% 15-01.09.20 | 50 000.00 | 50 229.06 | 0.07 |
| USD	HONEYWELL INTERNATIONAL INC 2.15000% 19-08.08.22 | 50 000.00 | 50 330.96 | 0.07 |
| USD	HSBC BANK PLC-144A 4.75000% 11-19.01.21 | 190 000.00 | 195 647.65 | 0.26 |
| USD	INDONESIA, REPUBLIC OF-REG-S 3.75000% 12-25.04.22 | 200 000.00 | 206 375.00 | 0.28 |
| USD	ING BANK NV-REG-S 2.45000% 15-16.03.20 | 200 000.00 | 200 283.38 | 0.27 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 2.85000% 19-13.05.22 | 350 000.00 | 356 694.35 | 0.48 |
| USD	JPMORGAN CHASE & CO 2.40000% 16-07.06.21 | 200 000.00 | 201 120.66 | 0.27 |
| USD	KENYA, REPUBLIC OF-REG-S 6.87500% 14-24.06.24 | 200 000.00 | 213 500.00 | 0.29 |
| USD	KINDER MORGAN INC 3.15000% 17-15.01.23 | 100 000.00 | 102 136.96 | 0.14 |
| USD	MORGAN STANLEY 2.50000% 16-21.04.21 | 230 000.00 | 231 418.71 | 0.31 |
| USD	NIGERIA, FEDERAL REPUBLIC OF-REG-S 7.62500% 18-21.11.25 | 200 000.00 | 217 437.50 | 0.29 |
| USD	OMAN GOVT INTERNATIONAL BOND-REG-S 4.12500% 18-17.01.23 | 200 000.00 | 201 687.50 | 0.27 |
| USD	ONCOR ELECTRIC DELIVERY CO 2.75000% 19-01.06.24 | 110 000.00 | 112 795.93 | 0.15 |
| USD	SINOPEC GROUP OVERSEAS DEVELOPMNT-REG-S 2.50000% 15-28.04.20 | 300 000.00 | 300 098.43 | 0.40 |
| USD	SOUTH AFRICA, REPUBLIC OF 5.87500% 07-30.05.22 | 400 000.00 | 428 000.00 | 0.58 |
| USD	SOUTHWESTERN ELECTRIC POWER 3.55000% 12-15.02.22 | 130 000.00 | 133 170.30 | 0.18 |
| USD	SRI LANKA, DEMOCRATIC REP OF-REG-S 6.85000% 19-14.03.24 | 200 000.00 | 199 562.50 | 0.27 |
| USD	SUNTRUST BANKS INC 2.70000% 16-27.01.22 | 50 000.00 | 50 550.02 | 0.07 |
| USD	TEVA PHARMACEUTICAL FINANCE NL III BV 2.20000% 16-21.07.21 | 26 000.00 | 25 187.50 | 0.03 |
| USD	UKRAINE, GOVERNMENT OF-REG-S 7.75000% 15-01.09.21 | 200 000.00 | 209 400.00 | 0.28 |
| USD	URUGUAY, REPUBLIC OF 4.50000% 13-14.08.24 | 200 000.00 | 215 312.50 | 0.29 |
| USD	WESTPAC BANKING CORP 2.80000% 17-11.01.22 | 100 000.00 | 101 474.00 | 0.14 |
| USD	XCEL ENERGY INC 2.40000% 16-15.03.21 | 130 000.00 | 130 577.49 | 0.18 |
| Total USD |  | 7 303 085.10 | 9.81 |
| Total Notes, fixed rate |  | 9 923 955.97 | 13.33 |
| Notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	ITALY, REPUBLIC OF-144A-REG-S 2.350%/CPI LINKED 14-15.09.24 | 879 000.00 | 1 139 413.41 | 1.53 |
| Total EUR |  | 1 139 413.41 | 1.53 |
| Total Notes, floating rate |  | 1 139 413.41 | 1.53 |
| Medium term notes, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	APPLE INC-REG-S 3.70000% 15-28.08.22 | 500 000.00 | 360 098.45 | 0.48 |
| AUD	BHP BILLITON FINANCE LTD-REG-S 3.00000% 15-30.03.20 | 500 000.00 | 340 063.48 | 0.46 |
| AUD	COCA-COLA CO/THE-REG-S 2.60000% 15-09.06.20 | 500 000.00 | 340 411.83 | 0.46 |
| AUD	GENERAL MOTORS FINANCIAL CO INC 3.85000% 19-21.02.23 | 500 000.00 | 355 110.00 | 0.48 |
| AUD	LLOYDS BANKING GROUP 3.65000% 17-20.03.23 | 500 000.00 | 353 899.24 | 0.47 |
| AUD	UBS AG AUSTRALIA-REG-S 2.70000% 17-10.08.20 | 1 500 000.00 | 1 024 299.58 | 1.38 |
| AUD	VERIZON COMMUNICATIONS INC 3.50000% 17-17.02.23 | 500 000.00 | 357 869.72 | 0.48 |
| AUD	WESTPAC BANKING CORP 3.25000% 18-16.11.23 | 500 000.00 | 361 458.02 | 0.48 |
| Total AUD |  | 3 493 210.32 | 4.69 |
| UBS (Lux) Bond SICAV – Global Short Term Flexible (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) |  |
| EUR |  |  |  |  |
| EUR | BAT INTERNATIONAL FINANCE PLC-REG-S 0.87500% 15-13.10.23 | 100 000.00 | 111 971.01 | 0.15 |
| EUR | BNP PARIBAS-REG-S 1.12500% 18-22.11.23 | 100 000.00 | 113 962.53 | 0.15 |
| EUR | CAISSE D’AMORTS DE LA DETE SCIALE-REG-S 0.05000% 16-25.11.20 | 100 000.00 | 110 738.52 | 0.15 |
| EUR | COMMERZBANK AG-REG-S 0.50000% 18-28.08.23 | 30 000.00 | 33 444.64 | 0.04 |
| EUR | DEUTSCHE BANK AG-REG-S 1.12500% 18-30.08.23 | 50 000.00 | 56 622.92 | 0.08 |
| EUR | DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 200 000.00 | 219 915.78 | 0.30 |
| EUR | EDP FINANCE BV-REG-S 2.37500% 16-23.03.23 | 100 000.00 | 118 297.95 | 0.16 |
| EUR | GAS NETWORKS IRELAND-REG-S 0.12500% 19-04.12.24 | 100 000.00 | 109 989.86 | 0.15 |
| EUR | GOLDMAN SACHS GROUP INC-REG-S 2.00000% 15-27.07.23 | 100 000.00 | 117 312.23 | 0.16 |
| EUR | OPTUS FINANCE PTY LTD 3.50000% 10-15.09.20 | 100 000.00 | 113 281.12 | 0.15 |
| EUR | SPAIN, KINGDOM OF 0.45000% 17-31.10.22 | 700 000.00 | 788 596.28 | 1.06 |
| EUR | STANDARD CHARTERED PLC-REG-S 1.62500% 14-13.06.21 | 100 000.00 | 113 027.53 | 0.15 |
| Total EUR |  |  | 2 007 160.37 | 2.70 |
| GBP |  |  |  |  |
| GBP | AA BOND CO LTD-REG-S 2.87500% 16-31.01.22 | 100 000.00 | 125 932.57 | 0.17 |
| GBP | AUTOSTRADE PER L’ITALIA SPA 6.25000% 04-09.06.22 | 100 000.00 | 137 962.64 | 0.18 |
| GBP | JERROLD FINCO PLC-REG-S 6.25000% 16-15.09.21 | 150 000.00 | 197 983.11 | 0.27 |
| GBP | PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 4.12500% 17-20.07.22 | 200 000.00 | 269 813.75 | 0.36 |
| Total GBP |  |  | 731 692.07 | 0.98 |
| NZD |  |  |  |  |
| NZD | BNP PARIBAS-REG-S 5.87500% 13-04.12.19 | 170 000.00 | 109 188.48 | 0.15 |
| NZD | INTL BK FOR RECONSTR & DEVT WORLD BANK 3.50000% 16-22.01.21 | 640 000.00 | 420 844.01 | 0.56 |
| Total NZD |  |  | 530 032.49 | 0.71 |
| USD |  |  |  |  |
| USD | ABN AMRO BANK NV-144A 2.65000% 18-19.01.21 | 200 000.00 | 201 254.92 | 0.27 |
| USD | GENERAL ELECTRIC CO 4.37500% 10-16.09.20 | 80 000.00 | 81 253.45 | 0.11 |
| USD | HENKEL AG & CO KGAA-REG-S 2.00000% 17-12.06.20 | 150 000.00 | 149 940.00 | 0.20 |
| USD | KAZAKHSTAN, REPUBLIC OF-REG-S 5.12500% 15-21.07.25 | 300 000.00 | 343 050.00 | 0.46 |
| USD | MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 200 000.00 | 225 687.50 | 0.31 |
| USD | ROMANIA-REG-S 6.75000% 12-07.02.22 | 300 000.00 | 327 562.50 | 0.44 |
| USD | SAUDI ARABIAN OIL CO-REG-S 2.87500% 19-16.04.24 | 200 000.00 | 202 800.00 | 0.27 |
| USD | SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 2.37500% 16-26.10.21 | 200 000.00 | 200 950.00 | 0.27 |
| USD | UNITED OVERSEAS BANK LTD-REG-S 3.20000% 18-23.04.21 | 200 000.00 | 202 674.00 | 0.27 |
| Total USD |  |  | 1 935 172.37 | 2.60 |
| Total Medium term notes, fixed rate |  | 8 697 267.62 | 11.68 |
| Medium term notes, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	SANOFI-REG-S 0.00000% 16-13.01.20 | 100 000.00 | 110 281.83 | 0.15 |
| Total EUR |  | 110 281.83 | 0.15 |
| Total Medium term notes, zero coupon |  | 110 281.83 | 0.15 |
| Medium term notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	ALLIED IRISH BANKS PLC-REG-S-SUB 7.375%/VAR 15-PRP | 200 000.00 | 234 979.49 | 0.32 |
| Total EUR |  | 234 979.49 | 0.32 |
| GBP |  |  |  |
| GBP	IMPERIAL BRANDS FIN-REG-S 9.000%/RATING LINKED 09-17.02.22 | 150 000.00 | 225 014.68 | 0.30 |
| Total GBP |  | 225 014.68 | 0.30 |
| USD |  |  |  |
| USD	DBS GROUP HOLDINGS LTD-REG-S-SUB 3.600%/VAR 16-PRP | 200 000.00 | 201 186.00 | 0.27 |
| Total USD |  | 201 186.00 | 0.27 |
| Total Medium term notes, floating rate |  | 661 180.17 | 0.89 |
| Bonds, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	SUMITOMO MITSUI FIN GP INC 3.66200% 17-29.03.22 | 500 000.00 | 352 908.32 | 0.48 |
| Total AUD |  | 352 908.32 | 0.48 |
| EUR |  |  |  |
| EUR	ARENA LUXEMBOURG FINANCE SARL-REG-S 2.87500% 17-01.11.24 | 100 000.00 | 114 119.10 | 0.15 |
| EUR	GLOBALWORTH REAL ESTATE INVEST-REG-S 2.87500% 17-20.06.22 | 100 000.00 | 116 324.30 | 0.16 |
| EUR	INTRUM JUSTITIA AB-REG-S 2.75000% 17-15.07.22 | 100 000.00 | 55 750.21 | 0.07 |
| EUR	ITALY, REPUBLIC OF-BTP 1.60000% 16-01.06.26 | 600 000.00 | 692 530.27 | 0.93 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 4.40000% 13-31.10.23 | 400 000.00 | 519 972.93 | 0.70 |
| Total EUR |  | 1 498 696.81 | 2.01 |
| GBP |  |  |  |
| GBP	BUPA FINANCE PLC-REG-S-SUB 5.00000% 13-25.04.23 | 200 000.00 | 283 586.94 | 0.38 |
| GBP	SCOTTISH WIDOWS PLC-REG-S-SUB 5.50000% 13-16.06.23 | 100 000.00 | 143 757.10 | 0.19 |
| GBP	VIRGIN MEDIA SECURED FINANCE PLC-REG-S 4.87500% 15-15.01.27 | 100 000.00 | 131 937.00 | 0.18 |
| Total GBP |  | 559 281.04 | 0.75 |
| NZD |  |  |  |
| NZD	NEW ZEALAND LOC GOV FUNDING AGENCY 6.00000% 13-15.05.21 | 240 000.00 | 164 422.43 | 0.22 |
| Total NZD |  | 164 422.43 | 0.22 |
| USD |  |  |  |
| USD	CHINA, PEOPLE’S REPUBLIC OF-REG-S 1.87500% 19-03.12.22 | 400 000.00 | 399 516.00 | 0.54 |
| USD	CNAC HK FINBRIDGE CO LTD-REG-S 4.62500% 18-14.03.23 | 200 000.00 | 210 500.00 | 0.28 |
| USD	COLOMBIA, REPUBLIC OF 4.37500% 11-12.07.21 | 200 000.00 | 206 500.00 | 0.28 |
| USD	CONSUMERS ENERGY COMPANY 2.85000% 12-15.05.22 | 100 000.00 | 102 156.74 | 0.14 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (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 | ENTERPRISE PRODUCTS OPERATING LLC 2.80000% 18-15.02.21 | 100 000.00 | 100 916.15 | 0.13 |
| USD | HCA INC 5.37500% 15-01.02.25 | 100 000.00 | 110 500.00 | 0.15 |
| USD | JAPAN BANK FOR INTL COOPERATION 2.12500% 17-01.06.20 | 330 000.00 | 330 306.90 | 0.44 |
| USD | KAZAKHSTAN, REPUBLIC OF-REG-S 3.87500% 14-14.10.24 | 200 000.00 | 213 300.00 | 0.29 |
| USD | PETROLEOS MEXICANOS 5.50000% 10-21.01.21 | 150 000.00 | 154 223.45 | 0.21 |
| USD | QUALCOMM INC 2.25000% 15-20.05.20 | 100 000.00 | 100 162.23 | 0.13 |
| Total USD |  |  | 1 928 081.47 | 2.59 |
| Total Bonds, fixed rate |  | 4 503 390.07 | 6.05 |
| Bonds, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 19-25.02.22 | 1 500 000.00 | 1 674 170.36 | 2.25 |
| Total EUR |  | 1 674 170.36 | 2.25 |
| Total Bonds, zero coupon |  | 1 674 170.36 | 2.25 |
| Bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	HOLCIM FINANCE LUXEMBOURG SA-REG-S-SUB 3.000%/VAR 19-PRP | 100 000.00 | 115 221.70 | 0.15 |
| EUR	ITALY, REPUBLIC OF 2.550%/CPI LINKED 09-15.09.41 | 100 000.00 | 160 582.16 | 0.22 |
| EUR	RABOBANK NEDERLAND NV REG-S 5.500%/VAR 15-PRP | 200 000.00 | 226 389.80 | 0.30 |
| Total EUR |  | 502 193.66 | 0.67 |
| GBP |  |  |  |
| GBP	SSE PLC-REG-S-SUB 3.875%/VAR 15-PRP | 100 000.00 | 130 234.76 | 0.18 |
| Total GBP |  | 130 234.76 | 0.18 |
| NZD |  |  |  |
| NZD	NEW ZEALAND 2.000%/CPI LINKED 12-20.09.25 | 3 770 000.00 | 2 933 188.76 | 3.94 |
| Total NZD |  | 2 933 188.76 | 3.94 |
| Total Bonds, floating rate |  | 3 565 617.18 | 4.79 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 2.62500% 18-15.05.21 | 4 996 000.00 | 5 063 133.75 | 6.80 |
| USD	AMERICA, UNITED STATES OF 2.12500% 19-15.05.22 | 8 000 000.00 | 8 096 562.40 | 10.88 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-30.06.21 | 3 200 000.00 | 3 172 875.00 | 4.26 |
| Total USD |  | 16 332 571.15 | 21.94 |
| Total Treasury notes, fixed rate |  | 16 332 571.15 | 21.94 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 18-15.04.23 | 1 000 000.00 | 1 043 791.29 | 1.40 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 13-15.01.23 | 1 761 000.00 | 1 947 104.85 | 2.62 |
| Total USD |  | 2 990 896.14 | 4.02 |
| Total Treasury notes, floating rate |  | 2 990 896.14 | 4.02 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 49 598 743.90 | 66.63 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Asset Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICAN CREDIT ACCEPTANCE-144A 3.69000% 17-12.06.23 | 124 000.00 | 125 093.11 | 0.17 |
| USD	CPS AUTO TRUST-144A 4.61000% 17-15.12.22 | 350 000.00 | 358 153.81 | 0.48 |
| USD	DELL EQUIPMENT FINANCE TRUST-144A 3.53000% 18-22.06.23 | 350 000.00 | 355 856.06 | 0.48 |
| USD	FLAGSHIP CREDIT AUTO TRUST-144A 3.62000% 17-15.07.23 | 100 000.00 | 101 382.55 | 0.13 |
| USD	SOFI CONSUMER LOAN PROGRAM-144A 3.79000% 18-26.04.27 | 350 000.00 | 357 429.17 | 0.48 |
| Total USD |  | 1 297 914.70 | 1.74 |
| Total Asset Backed Securities, fixed rate |  | 1 297 914.70 | 1.74 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ABB FINANCE USA INC 2.87500% 12-08.05.22 | 160 000.00 | 163 244.05 | 0.22 |
| USD	ABBOTT LABORATORIES 2.90000% 16-30.11.21 | 150 000.00 | 152 708.46 | 0.20 |
| USD	BERKSHIRE HATHAWAY ENERGY CO 2.80000% 18-15.01.23 | 100 000.00 | 101 868.16 | 0.14 |
| USD	BRAZIL, FEDERATIVE REPUBLIC OF 2.62500% 12-05.01.23 | 200 000.00 | 199 687.50 | 0.27 |
| USD	BRISTOL-MYERS SQUIBB CO-144A 2.60000% 19-16.05.22 | 100 000.00 | 101 710.48 | 0.14 |
| USD	CANADIAN NATURAL RESOURCES LTD 3.45000% 11-15.11.21 | 98 000.00 | 100 213.60 | 0.13 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 4.00000% 17-01.03.23 | 100 000.00 | 101 875.00 | 0.14 |
| USD	COMMONWEALTH BANK OF AUSTRALIA-144A 2.05000% 17-18.09.20 | 50 000.00 | 49 978.00 | 0.07 |
| USD	COMMONWEALTH BANK OF AUSTRALIA-144A 3.45000% 18-16.03.23 | 180 000.00 | 187 083.00 | 0.25 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 4.42000% 16-15.06.21 | 100 000.00 | 102 968.24 | 0.14 |
| USD	ENLINK MIDSTREAM PARTNERS LP 4.40000% 14-01.04.24 | 50 000.00 | 46 000.00 | 0.06 |
| USD	GUATEMALA, REPUBLIC OF-REG-S 4.37500% 17-05.06.27 | 300 000.00 | 305 718.75 | 0.41 |
| USD	MEXICO, UNITED STATES OF 4.00000% 13-02.10.23 | 300 000.00 | 317 906.25 | 0.43 |
| USD	NBC UNIVERSAL INC 4.37500% 11-01.04.21 | 100 000.00 | 103 123.26 | 0.14 |
| USD	SPRINT CORP 7.87500% 14-15.09.23 | 50 000.00 | 54 968.75 | 0.07 |
| Total USD |  | 2 089 053.50 | 2.81 |
| Total Notes, fixed rate |  | 2 089 053.50 | 2.81 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (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) |  |

Medium term notes, fixed rate
| AUD |  |
| --- | --- |
| AUD | AUSTRALIA PACIFIC AIRPORTS MELB-STEP-DOWN 5.000% 13-04.06.20 | 700 000.00 | 482 428.77 | 0.65 |
| Total AUD |  | 482 428.77 | 0.65 |
| Total Medium term notes, fixed rate |  | 482 428.77 | 0.65 |
| Medium term notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 2.369%/VAR 17-21.07.21 | 150 000.00 | 150 315.22 | 0.20 |
| Total USD |  | 150 315.22 | 0.20 |
| Total Medium term notes, floating rate |  | 150 315.22 | 0.20 |
| Bonds, fixed rate |  |  |  |
| CAD |  |  |  |
| CAD	ALBERTA, PROVINCE OF 3.40000% 13-01.12.23 | 580 000.00 | 462 593.94 | 0.62 |
| CAD	CANADA, GOVERNMENT 1.00000% 17-01.09.22 | 5 650 000.00 | 4 189 401.10 | 5.63 |
| CAD	YORK, REGIONAL MUNICIPALITY OF 4.00000% 11-30.06.21 | 620 000.00 | 482 678.11 | 0.65 |
| Total CAD |  | 5 134 673.15 | 6.90 |
| USD |  |  |  |
| USD	AT&T INC 3.00000% 12-15.02.22 | 100 000.00 | 102 016.15 | 0.14 |
| USD	FIVE CORNERS FUNDING TRUST-144A 4.41900% 13-15.11.23 | 100 000.00 | 108 173.14 | 0.14 |
| Total USD |  | 210 189.29 | 0.28 |
| Total Bonds, fixed rate |  | 5 344 862.44 | 7.18 |
| Bonds, floating rate |  |  |  |
| JPY |  |  |  |
| JPY	JAPAN 0.100%/CPI LINKED 19-10.03.29 | 70 000 000.00 | 660 796.74 | 0.89 |
| Total JPY |  | 660 796.74 | 0.89 |
| NZD |  |  |  |
| NZD	NEW ZEALAND 3.000%/CPI LINKED 13-20.09.30 | 2 560 000.00 | 2 290 282.77 | 3.07 |
| Total NZD |  | 2 290 282.77 | 3.07 |
| Total Bonds, floating rate |  | 2 951 079.51 | 3.96 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 1 500 000.00 | 1 505 331.90 | 2.02 |
| USD	AMERICA, UNITED STATES OF 2.25000% 14-30.04.21 | 6 535 000.00 | 6 585 799.17 | 8.85 |
| Total USD |  | 8 091 131.07 | 10.87 |
| Total Treasury notes, fixed rate |  | 8 091 131.07 | 10.87 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 15-15.02.45 | 200 000.00 | 230 461.24 | 0.31 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 1 900 000.00 | 2 113 351.10 | 2.84 |
| Total USD |  | 2 343 812.34 | 3.15 |
| Total Treasury notes, floating rate |  | 2 343 812.34 | 3.15 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 22 750 597.55 | 30.56 |

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 | DRIVE AUTO RECEIVABLES TRUST 3.84000% 17-15.03.23 | 137 000.00 | 138 474.87 | 0.19 |
| Total USD | 138 474.87 | 0.19 |
| Total Asset Backed Securities, fixed rate | 138 474.87 | 0.19 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market | 138 474.87 | 0.19 |
| Total investments in securities | 72 487 816.32 | 97.38 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (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) |  |
| Derivative instruments |  |  |  |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Financial Futures on bonds |  |  |  |
|  |  |  |  |
| EUR	EURO-SCHATZ FUTURE 06.12.19 | 40.00 | -13 782.50 | -0.02 |
| EUR	EURO-BUXL FUTURE 06.12.19 | -3.00 | 16 876.84 | 0.02 |
| CAD	CANADA 10YR BOND FUTURE 20.03.20 | -5.00 | -188.22 | 0.00 |
| USD	US 10YR ULTRA NOTE FUTURE 20.03.20 | 7.00 | -1 640.63 | 0.00 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.20 | -85.00 | 4 335.97 | 0.01 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 20.03.20 | 6.00 | 515.62 | 0.00 |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.20 | -35.00 | 0.00 | 0.00 |
| Total Financial Futures on bonds |  | 6 117.08 | 0.01 |
| Total Derivative instruments listed on an official stock exchange |  | 6 117.08 | 0.01 |
| Derivative instruments not listed on an official stock exchange and not traded on | another regulated market |  |  |
| Swaps and forward swaps on interest rates |  |  |  |
|  |  |  |  |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.79125% 18-20.12.48 | -40 000 000.00 | -45 495.76 | -0.06 |
| JPY	LCH/INTEREST RATE SWAP REC 6ML 18-20.12.48 |  |  |  |
| NZD	LCH/INTEREST RATE SWAP PAYER 1.58300% 24-23.09.29 | -2 500 000.00 | 12 711.30 | 0.02 |
| NZD	LCH/INTEREST RATE SWAP REC 3MF 24-23.09.29 |  |  |  |
| INR	CITI/INTEREST RATE SWAP PAYER 4.98000% 19-29.11.24 | -125 000 000.00 | 387.03 | 0.00 |
| INR	CITI/INTEREST RATE SWAP REC 6MFMBCMP 19-29.11.24 |  |  |  |
| CNY	JPMORGAN/INTEREST RATE SWAP REC 2.84500% 19-04.09.24 | 35 000 000.00 | -13 900.35 | -0.02 |
| CNY	JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 19-04.09.24 |  |  |  |
| CNY	CITI/INTEREST RATE SWAP REC 2.78300% 19-10.09.24 | 15 000 000.00 | -12 382.17 | -0.02 |
| CNY	CITI/INTEREST RATE SWAP PAYER CNRR007 19-10.09.24 |  |  |  |
| CAD	LCH/INTEREST RATE SWAP REC 1.83100% 24-19.09.29 | 2 000 000.00 | -9 391.06 | -0.01 |
| CAD	LCH/INTEREST RATE SWAP PAYER 3MC 24-19.09.29 |  |  |  |
| CAD	LCH/INTEREST RATE SWAP REC 1.68250% 19-02.10.24 | 4 000 000.00 | -23 211.80 | -0.03 |
| CAD	LCH/INTEREST RATE SWAP PAYER 3MC 19-02.10.24 |  |  |  |
| CNY	CITIGROUP/INTEREST RATE SWAP REC 3.03500% 19-23.10.24 | 11 000 000.00 | 8 777.75 | 0.01 |
| CNY	CITIGROUP/INTEREST RATE SWAP PAYER CNRR007 19-23.10.24 |  |  |  |
| CNY	JPMORGAN/INTEREST RATE SWAP REC 3.15750% 19-30.10.24 | 7 000 000.00 | 11 279.20 | 0.01 |
| CNY	JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 19-30.10.24 |  |  |  |
| Total Swaps and forward swaps on interest rates |  | -71 225.86 | -0.10 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  | -71 225.86 | -0.10 |
| Total Derivative instruments |  | -65 108.78 | -0.09 |
| Forward Foreign Exchange contracts |  |  |  |
| Forward Foreign Exchange contracts (Purchase/Sale) |  |  |  |

| USD | 703 680.18 | JPY | 75 900 000.00 | 5.12.2019 | 10 474.26 | 0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 6 049 997.76 | NZD | 9 380 000.00 | 5.12.2019 | 28 624.03 | 0.04 |
| USD | 6 049 356.05 | CAD | 7 955 000.00 | 5.12.2019 | 60 272.67 | 0.08 |
| USD | 1 746 573.30 | GBP | 1 350 000.00 | 5.12.2019 | 186.32 | 0.00 |
| USD | 42 836.61 | MXN | 820 000.00 | 5.12.2019 | 817.33 | 0.00 |
| USD | 7 330 972.72 | AUD | 10 600 000.00 | 5.12.2019 | 160 470.28 | 0.22 |
| USD | 7 522 295.83 | EUR | 6 725 000.00 | 5.12.2019 | 105 730.79 | 0.14 |
| USD | 96 326.81 | CHF | 95 000.00 | 5.12.2019 | 1 243.14 | 0.00 |
| AUD | 968 450.40 | EUR | 600 000.00 | 5.12.2019 | -6 579.20 | -0.01 |
| AUD | 535 000.00 | USD | 363 778.60 | 5.12.2019 | -1 871.17 | 0.00 |
| AUD | 52 321 800.00 | USD | 35 556 273.30 | 16.1.2020 | -120 732.89 | -0.16 |
| CHF | 1 140 000.00 | USD | 1 147 577.45 | 16.1.2020 | -2 264.68 | 0.00 |
| EUR | 30 132 200.00 | USD | 33 313 557.68 | 16.1.2020 | 25 930.50 | 0.03 |
| NZD | 255 000.00 | EUR | 148 502.40 | 5.12.2019 | -79.56 | 0.00 |
| USD | 259 599.51 | AUD | 382 400.00 | 16.1.2020 | 614.71 | 0.00 |
| USD | 94 740.02 | EUR | 85 800.00 | 16.1.2020 | -192.58 | 0.00 |
| AUD | 1 430 000.00 | USD | 968 291.61 | 5.12.2019 | -950.24 | 0.00 |
| USD | 7 436.47 | CHF | 7 400.00 | 16.1.2020 | 1.98 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | 261 695.69 | 0.35 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 2 007 772.04 | 2.70 |
| Bank overdraft and other short-term liabilities | -128 208.71 | -0.17 |
| Other assets and liabilities | -123 256.32 | -0.17 |
| Total net assets | 74 440 710.24 | 100.00 |

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

Translation (ENDE, 2019-11-30):
# UBS (Lux) Bond SICAV
– Global Short Term Flexible (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Nettovermögen in USD |  | 74 440 710.24 | 39 807 002.63 | 59 340 337.08 |
| Klasse (EUR hedged) I-X-acc 1 | LU2073878865 |  |  |  |
| Aktien im Umlauf |  | 54 754.0000 | - | - |
| Nettoinventarwert pro Aktie in EUR |  | 100.20 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 100.20 | - | - |
| Klasse (EUR hedged) K-1-acc | LU0719382987 |  |  |  |
| Aktien im Umlauf |  | 1.1000 | 1.1000 | 4.2000 |
| Nettoinventarwert pro Aktie in EUR |  | 3 073 056.43 | 3 053 138.47 | 2 992 069.90 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 3 073 056.43 | 3 053 138.47 | 2 992 069.90 |
| Klasse P-acc | LU0659916679 |  |  |  |
| Aktien im Umlauf |  | 32 283.7710 | 64 046.8510 | 80 404.3690 |
| Nettoinventarwert pro Aktie in USD |  | 86.34 | 84.74 | 84.53 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 86.34 | 84.74 | 84.53 |
| Klasse (AUD hedged) P-acc 3 | LU1991167542 |  |  |  |
| Aktien im Umlauf |  | 490 287.1390 | - | - |
| Nettoinventarwert pro Aktie in AUD |  | 101.15 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in AUD 2 |  | 101.15 | - | - |
| Klasse (CHF hedged) P-acc | LU0726085425 |  |  |  |
| Aktien im Umlauf |  | 12 833.7590 | 13 493.3710 | 55 397.8680 |
| Nettoinventarwert pro Aktie in CHF |  | 89.42 | 89.22 | 89.24 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 2 |  | 89.42 | 89.22 | 89.24 |
| Klasse (EUR hedged) P-acc | LU0706127809 |  |  |  |
| Aktien im Umlauf |  | 196 673.5960 | 221 918.0080 | 244 017.1070 |
| Nettoinventarwert pro Aktie in EUR |  | 100.90 | 100.42 | 98.73 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 100.90 | 100.42 | 98.73 |
| Klasse P-dist | LU0659904402 |  |  |  |
| Aktien im Umlauf |  | 10 959.9530 | 11 107.4500 | 13 303.5590 |
| Nettoinventarwert pro Aktie in USD |  | 73.22 | 73.13 | 74.28 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 73.22 | 73.13 | 74.28 |
| Klasse (AUD hedged) Q-acc 3 | LU1991167898 |  |  |  |
| Aktien im Umlauf |  | 33 883.5940 | - | - |
| Nettoinventarwert pro Aktie in AUD |  | 101.31 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in AUD 2 |  | 101.31 | - | - |
| Klasse (EUR hedged) Q-acc | LU0718864688 |  |  |  |
| Aktien im Umlauf |  | 19 220.5110 | 33 321.5820 | 31 996.3270 |
| Nettoinventarwert pro Aktie in EUR |  | 102.85 | 102.18 | 100.03 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 102.85 | 102.18 | 100.03 |
| 1  Erste NAV 13.11.2019 2  Siehe Erläuterung 1 3  Erste NAV 14.6.2019 |  |  |  |  |

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

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Vereinigte Staaten | 51.84 |
| --- | --- |
| Kanada | 8.10 |
| Neuseeland | 7.24 |
| Australien | 3.57 |
| Grossbritannien | 3.17 |
| Frankreich | 3.16 |
| Italien | 2.86 |
| Japan | 1.81 |
| Spanien | 1.76 |
| Niederlande | 1.04 |
| China | 0.91 |
| Kasachstan | 0.75 |
| Britische Jungferninseln | 0.68 |
| Luxemburg | 0.67 |
| Mexiko | 0.63 |
| Rumänien | 0.60 |
| Südafrika | 0.57 |
| Supranational | 0.57 |
| Singapur | 0.54 |
| Saudiarabia | 0.54 |
| Irland | 0.46 |
| Ghana | 0.44 |
| Guatemala | 0.41 |
| Chile | 0.40 |
| Deutschland | 0.32 |
| Mongolei | 0.30 |
| Norwegen | 0.30 |
| Nigeria | 0.29 |
| Uruguay | 0.29 |
| Kenia | 0.29 |
| Hongkong | 0.28 |
| Ukraine | 0.28 |
| Kolumbien | 0.28 |
| Indonesien | 0.28 |
| Cayman-Inseln | 0.27 |
| Oman | 0.27 |
| Brasilien | 0.27 |
| Sri Lanka | 0.27 |
| Costa Rica | 0.27 |
| Schweden | 0.23 |
| Jersey | 0.17 |
| Total | 97.38 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Länder- & Zentralregierungen | 67.74 |
| --- | --- |
| Finanz- & Beteiligungsgesellschaften | 8.48 |
| Banken & Kreditinstitute | 5.73 |
| Telekommunikation | 2.09 |
| Pfandbriefinstitute & Refinanzierungsgesellschaften | 1.93 |
| Kantone, Bundesstaaten | 1.69 |
| Energie- & Wasserversorgung | 1.37 |
| Pharmazeutik, Kosmetik & medizinische Produkte | 1.26 |
| Computer & Netzwerkausrüster | 1.17 |
| Erdöl | 0.92 |
| Verkehr & Transport | 0.83 |
| Städte, Gemeinden | 0.65 |
| Supranationale Organisationen | 0.57 |
| Gesundheits- & Sozialwesen | 0.53 |
| Nahrungsmittel & Softdrinks | 0.53 |
| Versicherungen | 0.33 |
| Chemie | 0.28 |
| Diverse Konsumgüter | 0.20 |
| Diverse Dienstleistungen | 0.17 |
| Tabak & alkoholische Getränke | 0.17 |
| Anlagefonds | 0.16 |
| Internet, Software & IT-Dienste | 0.15 |
| Öffentlich-rechtliche Körperschaften | 0.15 |
| Diverse nicht klassierte Gesellschaften | 0.14 |
| Flugzeug- & Raumfahrtindustrie | 0.07 |
| Biotechnologie | 0.07 |
| Total | 97.38 |

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

## Nettovermögensaufstellung
Aktiva	30.11.2019
USD
Wertpapierbestand, Einstandswert	72 336 668.05
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	151 148.27	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 72 487 816.32 |
| Bankguthaben, Sicht- und Fristgelder | 1 786 709.35 |
| Andere liquide Mittel (Margins) | 221 062.69 |
| Forderungen aus Zeichnungen | 26 612.86 |
| Zinsforderungen aus Wertpapieren | 364 362.71 |
| Zinsforderungen aus liquiden Mitteln | 1 710.52 |
| Forderungen aus Dividenden | 13 578.73 |
| Sonstige Forderungen | 19 783.06 |
| Nicht realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten (Erläuterung 1) | 6 117.08 |
| Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1) | 261 695.69 |
| Nicht realisierter Kursgewinn (-verlust) aus Swaps (Erläuterung 1) | -71 225.86 |
| Total Aktiva | 75 118 223.15 |
|  |  |
| Passiva |  |
| Kontokorrentkredit | -128 208.71 |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -509 421.14 |
| Verbindlichkeiten aus Rücknahmen | -8 552.34 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -21 604.49 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -5 675.37 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-4 050.86	 |
| Total Rückstellungen für Aufwendungen | -31 330.72 |
| Total Passiva | -677 512.91 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 74 440 710.24 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 1.6.2019-30.11.2019 |
| Zinsertrag auf liquide Mittel | 5 647.98 |
| Zinsen auf Wertpapiere | 879 094.69 |
| Zinsertrag auf Swaps (Erläuterung 1) | 16 623.15 |
| Erträge aus Securities Lending (Erläuterung 13) | 14 093.32 |
| Sonstige Erträge (Erläuterung 4) | 8 611.85 |
| Total Erträge | 924 070.99 |
|  |  |
| Aufwendungen |  |
| Zinsaufwand auf Swaps (Erläuterung 1) | -23 004.76 |
| Pauschale Verwaltungskommission (Erläuterung 2) | -281 904.64 |
| Abonnementsabgabe (Erläuterung 3) | -16 706.91 |
| Kosten aus Securities Lending (Erläuterung 13) | -5 637.33 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -4 087.67 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -77.43 |
| Total Aufwendungen | -331 418.74 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | 592 652.25 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | -149 753.73 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | -11 418.94 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | -1 606 844.06 |
| Realisierter Kursgewinn (-verlust) aus Swaps | -51 821.24 |
| Realisierter Währungsgewinn (-verlust) | 349 824.78 |
| Total der realisierten Gewinne (Verluste) | -1 470 013.19 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | -877 360.94 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 225 521.33 |
| Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente | -4 339.34 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | 57 515.12 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | 159 369.99 |
| Nicht realisierte Werterhöhung (-minderung) von Swaps | 28 058.71 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 466 125.81 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | -411 235.13 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Halbjahresbericht per 30. November 2019
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  |  | USD |
|  |  | 1.6.2019-30.11.2019 |
| Nettovermögen zu Beginn der Berichtsperiode |  | 39 807 002.63 |
| Zeichnungen |  | 58 321 956.69 |
| Rücknahmen |  | 	-23 262 908.23	 |
| Total Mittelzufluss (-abfluss) |  | 35 059 048.46 |
| Ausbezahlte Dividende |  | -14 105.72 |
| Nettoerträge (-verluste) aus Anlagen |  | 592 652.25 |
| Total der realisierten Gewinne (Verluste) |  | -1 470 013.19 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) |  | 	466 125.81	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit |  | -411 235.13 |
| Nettovermögen am Ende der Berichtsperiode |  | 74 440 710.24 |
| Entwicklung der Aktien im Umlauf |  |  |
|  |  | 1.6.2019-30.11.2019 |
| Klasse |  | (EUR hedged) I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 0.0000 |
| Anzahl der ausgegebenen Aktien |  | 54 754.0000 |
| Anzahl der zurückgegebenen Aktien |  | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 54 754.0000 |
| Klasse |  | (EUR hedged) K-1-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 1.1000 |
| Anzahl der ausgegebenen Aktien |  | 0.0000 |
| Anzahl der zurückgegebenen Aktien |  | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 1.1000 |
| Klasse |  | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 64 046.8510 |
| Anzahl der ausgegebenen Aktien |  | 426.5370 |
| Anzahl der zurückgegebenen Aktien |  | -32 189.6170 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 32 283.7710 |
| Klasse |  | (AUD hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 0.0000 |
| Anzahl der ausgegebenen Aktien |  | 598 175.7040 |
| Anzahl der zurückgegebenen Aktien |  | -107 888.5650 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 490 287.1390 |
| Klasse |  | (CHF hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 13 493.3710 |
| Anzahl der ausgegebenen Aktien |  | 597.2360 |
| Anzahl der zurückgegebenen Aktien |  | -1 256.8480 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 12 833.7590 |
| Klasse |  | (EUR hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 221 918.0080 |
| Anzahl der ausgegebenen Aktien |  | 17 081.6240 |
| Anzahl der zurückgegebenen Aktien |  | -42 326.0360 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 196 673.5960 |
| Klasse |  | P-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 11 107.4500 |
| Anzahl der ausgegebenen Aktien |  | 154.3350 |
| Anzahl der zurückgegebenen Aktien |  | -301.8320 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 10 959.9530 |
| Klasse |  | (AUD hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 0.0000 |
| Anzahl der ausgegebenen Aktien |  | 38 648.6900 |
| Anzahl der zurückgegebenen Aktien |  | -4 765.0960 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 33 883.5940 |
| Klasse |  | (EUR hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 33 321.5820 |
| Anzahl der ausgegebenen Aktien |  | 54 448.7230 |
| Anzahl der zurückgegebenen Aktien |  | -68 549.7940 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 19 220.5110 |
| Jährliche Ausschüttung 1 |  |  |
| UBS (Lux) Bond SICAV – Global Short Term Flexible (USD)	Ex-Date | Pay-Date | Währung	Betrag pro Aktie |
| P-dist	1.8.2019 | 6.8.2019 | USD	1.27 |
| 1  Siehe Erläuterung 5 |  |  |

UBS (Lux) Bond SICAV – Global Short Term Flexible (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 |  |  |  |
| AUD |  |  |  |
| AUD	AT&T INC 3.45000% 18-19.09.23 | 1 000 000.00 | 716 382.00 | 0.96 |
| Total AUD |  | 716 382.00 | 0.96 |
| CAD |  |  |  |
| CAD	BRITISH COLUMBIA, PROVINCE OF 3.30000% 13-18.12.23 | 1 000 000.00 | 796 762.66 | 1.07 |
| Total CAD |  | 796 762.66 | 1.07 |
| EUR |  |  |  |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 100 000.00 | 122 675.27 | 0.17 |
| EUR	ALTICE LUXEMBOURG SA-REG-S 8.00000% 19-15.05.27 | 100 000.00 | 122 184.62 | 0.16 |
| EUR	BERKSHIRE HATHAWAY INC 0.50000% 16-13.03.20 | 150 000.00 | 165 634.78 | 0.22 |
| EUR	FINANCIAL & RISK US HOLDINGS INC-REG-S 6.87500% 18-15.11.26 | 100 000.00 | 124 588.29 | 0.17 |
| EUR	INFOR US INC 5.75000% 16-15.05.22 | 100 000.00 | 111 583.12 | 0.15 |
| EUR	LOXAM SAS-REG-S 2.87500% 19-15.04.26 | 100 000.00 | 110 811.30 | 0.15 |
| EUR	MERCK & CO INC 1.12500% 14-15.10.21 | 100 000.00 | 112 632.80 | 0.15 |
| EUR	PHILIP MORRIS INTERNATIONAL INC 2.87500% 12-30.05.24 | 100 000.00 | 123 221.28 | 0.17 |
| EUR	UNILABS SUBHOLDING AB-REG-S 5.75000% 17-15.05.25 | 100 000.00 | 114 394.75 | 0.15 |
| Total EUR |  | 1 107 726.21 | 1.49 |
| USD |  |  |  |
| USD	ABBVIE INC 2.50000% 15-14.05.20 | 100 000.00 | 100 165.61 | 0.13 |
| USD	AECOM TECHNOLOGY CORP 5.87500% 15-15.10.24 | 50 000.00 | 54 625.00 | 0.07 |
| USD	ALLERGAN FUNDING SCS 3.00000% 15-12.03.20 | 150 000.00 | 150 249.44 | 0.20 |
| USD	AMBER CIRCLE FUNDING LTD-REG-S 3.25000% 12-04.12.22 | 200 000.00 | 204 375.00 | 0.27 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 100 000.00 | 103 866.25 | 0.14 |
| USD	APPLE INC 1.80000% 19-11.09.24 | 100 000.00 | 99 214.58 | 0.13 |
| USD	CHILE, REPUBLIC OF 2.25000% 12-30.10.22 | 300 000.00 | 300 656.25 | 0.40 |
| USD	CIGNA CORP 3.40000% 19-17.09.21 | 100 000.00 | 102 200.46 | 0.14 |
| USD	CITIGROUP INC 2.75000% 17-25.04.22 | 150 000.00 | 152 216.99 | 0.20 |
| USD	CNOOC FINANCE 2012 LTD-REG-S 3.87500% 12-02.05.22 | 200 000.00 | 206 250.00 | 0.28 |
| USD	CNPC HK OVERSEAS CAPITAL LTD-REG-S 4.50000% 11-28.04.21 | 270 000.00 | 277 425.00 | 0.37 |
| USD	CONAGRA BRANDS INC 3.80000% 18-22.10.21 | 50 000.00 | 51 479.22 | 0.07 |
| USD	COSTA RICA, REPUBLIC OF-REG-S 4.25000% 12-26.01.23 | 200 000.00 | 198 875.00 | 0.27 |
| USD	CVS HEALTH CORP 2.62500% 19-15.08.24 | 90 000.00 | 90 723.75 | 0.12 |
| USD	CVS HEALTH CORP 2.80000% 15-20.07.20 | 130 000.00 | 130 598.32 | 0.18 |
| USD	DIAGEO CAPITAL PLC 2.12500% 19-24.10.24 | 200 000.00 | 200 329.70 | 0.27 |
| USD	DOMINION ENERGY INC 2.00000% 16-15.08.21 | 70 000.00 | 69 887.89 | 0.09 |
| USD	ENERGY TRANSFER PARTNERS LP 4.15000% 13-01.10.20 | 90 000.00 | 91 101.83 | 0.12 |
| USD	EXELON CORP 2.45000% 16-15.04.21 | 140 000.00 | 140 406.88 | 0.19 |
| USD	EXXON MOBIL CORP 1.90200% 19-16.08.22 | 120 000.00 | 120 416.28 | 0.16 |
| USD	GHANA GOVT INTNL BOND-REG-S 7.87500% 13-07.08.23 | 300 000.00 | 325 031.25 | 0.44 |
| USD	GILEAD SCIENCES INC 2.55000% 15-01.09.20 | 50 000.00 | 50 229.06 | 0.07 |
| USD	HONEYWELL INTERNATIONAL INC 2.15000% 19-08.08.22 | 50 000.00 | 50 330.96 | 0.07 |
| USD	HSBC BANK PLC-144A 4.75000% 11-19.01.21 | 190 000.00 | 195 647.65 | 0.26 |
| USD	INDONESIA, REPUBLIC OF-REG-S 3.75000% 12-25.04.22 | 200 000.00 | 206 375.00 | 0.28 |
| USD	ING BANK NV-REG-S 2.45000% 15-16.03.20 | 200 000.00 | 200 283.38 | 0.27 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 2.85000% 19-13.05.22 | 350 000.00 | 356 694.35 | 0.48 |
| USD	JPMORGAN CHASE & CO 2.40000% 16-07.06.21 | 200 000.00 | 201 120.66 | 0.27 |
| USD	KENYA, REPUBLIC OF-REG-S 6.87500% 14-24.06.24 | 200 000.00 | 213 500.00 | 0.29 |
| USD	KINDER MORGAN INC 3.15000% 17-15.01.23 | 100 000.00 | 102 136.96 | 0.14 |
| USD	MORGAN STANLEY 2.50000% 16-21.04.21 | 230 000.00 | 231 418.71 | 0.31 |
| USD	NIGERIA, FEDERAL REPUBLIC OF-REG-S 7.62500% 18-21.11.25 | 200 000.00 | 217 437.50 | 0.29 |
| USD	OMAN GOVT INTERNATIONAL BOND-REG-S 4.12500% 18-17.01.23 | 200 000.00 | 201 687.50 | 0.27 |
| USD	ONCOR ELECTRIC DELIVERY CO 2.75000% 19-01.06.24 | 110 000.00 | 112 795.93 | 0.15 |
| USD	SINOPEC GROUP OVERSEAS DEVELOPMNT-REG-S 2.50000% 15-28.04.20 | 300 000.00 | 300 098.43 | 0.40 |
| USD	SOUTH AFRICA, REPUBLIC OF 5.87500% 07-30.05.22 | 400 000.00 | 428 000.00 | 0.58 |
| USD	SOUTHWESTERN ELECTRIC POWER 3.55000% 12-15.02.22 | 130 000.00 | 133 170.30 | 0.18 |
| USD	SRI LANKA, DEMOCRATIC REP OF-REG-S 6.85000% 19-14.03.24 | 200 000.00 | 199 562.50 | 0.27 |
| USD	SUNTRUST BANKS INC 2.70000% 16-27.01.22 | 50 000.00 | 50 550.02 | 0.07 |
| USD	TEVA PHARMACEUTICAL FINANCE NL III BV 2.20000% 16-21.07.21 | 26 000.00 | 25 187.50 | 0.03 |
| USD	UKRAINE, GOVERNMENT OF-REG-S 7.75000% 15-01.09.21 | 200 000.00 | 209 400.00 | 0.28 |
| USD	URUGUAY, REPUBLIC OF 4.50000% 13-14.08.24 | 200 000.00 | 215 312.50 | 0.29 |
| USD	WESTPAC BANKING CORP 2.80000% 17-11.01.22 | 100 000.00 | 101 474.00 | 0.14 |
| USD	XCEL ENERGY INC 2.40000% 16-15.03.21 | 130 000.00 | 130 577.49 | 0.18 |
| Total USD |  | 7 303 085.10 | 9.81 |
| Total Notes, fester Zins |  | 9 923 955.97 | 13.33 |
| Notes, variabler Zins |  |  |  |
| EUR |  |  |  |
| EUR	ITALY, REPUBLIC OF-144A-REG-S 2.350%/CPI LINKED 14-15.09.24 | 879 000.00 | 1 139 413.41 | 1.53 |
| Total EUR |  | 1 139 413.41 | 1.53 |
| Total Notes, variabler Zins |  | 1 139 413.41 | 1.53 |
| Medium-Term Notes, fester Zins |  |  |  |
| AUD |  |  |  |
| AUD	APPLE INC-REG-S 3.70000% 15-28.08.22 | 500 000.00 | 360 098.45 | 0.48 |
| AUD	BHP BILLITON FINANCE LTD-REG-S 3.00000% 15-30.03.20 | 500 000.00 | 340 063.48 | 0.46 |
| AUD	COCA-COLA CO/THE-REG-S 2.60000% 15-09.06.20 | 500 000.00 | 340 411.83 | 0.46 |
| AUD	GENERAL MOTORS FINANCIAL CO INC 3.85000% 19-21.02.23 | 500 000.00 | 355 110.00 | 0.48 |
| AUD	LLOYDS BANKING GROUP 3.65000% 17-20.03.23 | 500 000.00 | 353 899.24 | 0.47 |
| AUD	UBS AG AUSTRALIA-REG-S 2.70000% 17-10.08.20 | 1 500 000.00 | 1 024 299.58 | 1.38 |
| AUD	VERIZON COMMUNICATIONS INC 3.50000% 17-17.02.23 | 500 000.00 | 357 869.72 | 0.48 |
| AUD	WESTPAC BANKING CORP 3.25000% 18-16.11.23 | 500 000.00 | 361 458.02 | 0.48 |
| Total AUD |  | 3 493 210.32 | 4.69 |
| UBS (Lux) Bond SICAV – Global Short Term Flexible (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) |  |
| EUR |  |  |  |  |
| EUR | BAT INTERNATIONAL FINANCE PLC-REG-S 0.87500% 15-13.10.23 | 100 000.00 | 111 971.01 | 0.15 |
| EUR | BNP PARIBAS-REG-S 1.12500% 18-22.11.23 | 100 000.00 | 113 962.53 | 0.15 |
| EUR | CAISSE D’AMORTS DE LA DETE SCIALE-REG-S 0.05000% 16-25.11.20 | 100 000.00 | 110 738.52 | 0.15 |
| EUR | COMMERZBANK AG-REG-S 0.50000% 18-28.08.23 | 30 000.00 | 33 444.64 | 0.04 |
| EUR | DEUTSCHE BANK AG-REG-S 1.12500% 18-30.08.23 | 50 000.00 | 56 622.92 | 0.08 |
| EUR | DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 200 000.00 | 219 915.78 | 0.30 |
| EUR | EDP FINANCE BV-REG-S 2.37500% 16-23.03.23 | 100 000.00 | 118 297.95 | 0.16 |
| EUR | GAS NETWORKS IRELAND-REG-S 0.12500% 19-04.12.24 | 100 000.00 | 109 989.86 | 0.15 |
| EUR | GOLDMAN SACHS GROUP INC-REG-S 2.00000% 15-27.07.23 | 100 000.00 | 117 312.23 | 0.16 |
| EUR | OPTUS FINANCE PTY LTD 3.50000% 10-15.09.20 | 100 000.00 | 113 281.12 | 0.15 |
| EUR | SPAIN, KINGDOM OF 0.45000% 17-31.10.22 | 700 000.00 | 788 596.28 | 1.06 |
| EUR | STANDARD CHARTERED PLC-REG-S 1.62500% 14-13.06.21 | 100 000.00 | 113 027.53 | 0.15 |
| Total EUR |  |  | 2 007 160.37 | 2.70 |
| GBP |  |  |  |  |
| GBP | AA BOND CO LTD-REG-S 2.87500% 16-31.01.22 | 100 000.00 | 125 932.57 | 0.17 |
| GBP | AUTOSTRADE PER L’ITALIA SPA 6.25000% 04-09.06.22 | 100 000.00 | 137 962.64 | 0.18 |
| GBP | JERROLD FINCO PLC-REG-S 6.25000% 16-15.09.21 | 150 000.00 | 197 983.11 | 0.27 |
| GBP | PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 4.12500% 17-20.07.22 | 200 000.00 | 269 813.75 | 0.36 |
| Total GBP |  |  | 731 692.07 | 0.98 |
| NZD |  |  |  |  |
| NZD | BNP PARIBAS-REG-S 5.87500% 13-04.12.19 | 170 000.00 | 109 188.48 | 0.15 |
| NZD | INTL BK FOR RECONSTR & DEVT WORLD BANK 3.50000% 16-22.01.21 | 640 000.00 | 420 844.01 | 0.56 |
| Total NZD |  |  | 530 032.49 | 0.71 |
| USD |  |  |  |  |
| USD | ABN AMRO BANK NV-144A 2.65000% 18-19.01.21 | 200 000.00 | 201 254.92 | 0.27 |
| USD | GENERAL ELECTRIC CO 4.37500% 10-16.09.20 | 80 000.00 | 81 253.45 | 0.11 |
| USD | HENKEL AG & CO KGAA-REG-S 2.00000% 17-12.06.20 | 150 000.00 | 149 940.00 | 0.20 |
| USD | KAZAKHSTAN, REPUBLIC OF-REG-S 5.12500% 15-21.07.25 | 300 000.00 | 343 050.00 | 0.46 |
| USD | MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 200 000.00 | 225 687.50 | 0.31 |
| USD | ROMANIA-REG-S 6.75000% 12-07.02.22 | 300 000.00 | 327 562.50 | 0.44 |
| USD | SAUDI ARABIAN OIL CO-REG-S 2.87500% 19-16.04.24 | 200 000.00 | 202 800.00 | 0.27 |
| USD | SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 2.37500% 16-26.10.21 | 200 000.00 | 200 950.00 | 0.27 |
| USD | UNITED OVERSEAS BANK LTD-REG-S 3.20000% 18-23.04.21 | 200 000.00 | 202 674.00 | 0.27 |
| Total USD |  |  | 1 935 172.37 | 2.60 |
| Total Medium-Term Notes, fester Zins |  | 8 697 267.62 | 11.68 |
| Medium-Term Notes, Nullcoupon |  |  |  |
| EUR |  |  |  |
| EUR	SANOFI-REG-S 0.00000% 16-13.01.20 | 100 000.00 | 110 281.83 | 0.15 |
| Total EUR |  | 110 281.83 | 0.15 |
| Total Medium-Term Notes, Nullcoupon |  | 110 281.83 | 0.15 |
| Medium-Term Notes, variabler Zins |  |  |  |
| EUR |  |  |  |
| EUR	ALLIED IRISH BANKS PLC-REG-S-SUB 7.375%/VAR 15-PRP | 200 000.00 | 234 979.49 | 0.32 |
| Total EUR |  | 234 979.49 | 0.32 |
| GBP |  |  |  |
| GBP	IMPERIAL BRANDS FIN-REG-S 9.000%/RATING LINKED 09-17.02.22 | 150 000.00 | 225 014.68 | 0.30 |
| Total GBP |  | 225 014.68 | 0.30 |
| USD |  |  |  |
| USD	DBS GROUP HOLDINGS LTD-REG-S-SUB 3.600%/VAR 16-PRP | 200 000.00 | 201 186.00 | 0.27 |
| Total USD |  | 201 186.00 | 0.27 |
| Total Medium-Term Notes, variabler Zins |  | 661 180.17 | 0.89 |
| Anleihen, fester Zins |  |  |  |
| AUD |  |  |  |
| AUD	SUMITOMO MITSUI FIN GP INC 3.66200% 17-29.03.22 | 500 000.00 | 352 908.32 | 0.48 |
| Total AUD |  | 352 908.32 | 0.48 |
| EUR |  |  |  |
| EUR	ARENA LUXEMBOURG FINANCE SARL-REG-S 2.87500% 17-01.11.24 | 100 000.00 | 114 119.10 | 0.15 |
| EUR	GLOBALWORTH REAL ESTATE INVEST-REG-S 2.87500% 17-20.06.22 | 100 000.00 | 116 324.30 | 0.16 |
| EUR	INTRUM JUSTITIA AB-REG-S 2.75000% 17-15.07.22 | 100 000.00 | 55 750.21 | 0.07 |
| EUR	ITALY, REPUBLIC OF-BTP 1.60000% 16-01.06.26 | 600 000.00 | 692 530.27 | 0.93 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 4.40000% 13-31.10.23 | 400 000.00 | 519 972.93 | 0.70 |
| Total EUR |  | 1 498 696.81 | 2.01 |
| GBP |  |  |  |
| GBP	BUPA FINANCE PLC-REG-S-SUB 5.00000% 13-25.04.23 | 200 000.00 | 283 586.94 | 0.38 |
| GBP	SCOTTISH WIDOWS PLC-REG-S-SUB 5.50000% 13-16.06.23 | 100 000.00 | 143 757.10 | 0.19 |
| GBP	VIRGIN MEDIA SECURED FINANCE PLC-REG-S 4.87500% 15-15.01.27 | 100 000.00 | 131 937.00 | 0.18 |
| Total GBP |  | 559 281.04 | 0.75 |
| NZD |  |  |  |
| NZD	NEW ZEALAND LOC GOV FUNDING AGENCY 6.00000% 13-15.05.21 | 240 000.00 | 164 422.43 | 0.22 |
| Total NZD |  | 164 422.43 | 0.22 |
| USD |  |  |  |
| USD	CHINA, PEOPLE’S REPUBLIC OF-REG-S 1.87500% 19-03.12.22 | 400 000.00 | 399 516.00 | 0.54 |
| USD	CNAC HK FINBRIDGE CO LTD-REG-S 4.62500% 18-14.03.23 | 200 000.00 | 210 500.00 | 0.28 |
| USD	COLOMBIA, REPUBLIC OF 4.37500% 11-12.07.21 | 200 000.00 | 206 500.00 | 0.28 |
| USD	CONSUMERS ENERGY COMPANY 2.85000% 12-15.05.22 | 100 000.00 | 102 156.74 | 0.14 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (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 | ENTERPRISE PRODUCTS OPERATING LLC 2.80000% 18-15.02.21 | 100 000.00 | 100 916.15 | 0.13 |
| USD | HCA INC 5.37500% 15-01.02.25 | 100 000.00 | 110 500.00 | 0.15 |
| USD | JAPAN BANK FOR INTL COOPERATION 2.12500% 17-01.06.20 | 330 000.00 | 330 306.90 | 0.44 |
| USD | KAZAKHSTAN, REPUBLIC OF-REG-S 3.87500% 14-14.10.24 | 200 000.00 | 213 300.00 | 0.29 |
| USD | PETROLEOS MEXICANOS 5.50000% 10-21.01.21 | 150 000.00 | 154 223.45 | 0.21 |
| USD | QUALCOMM INC 2.25000% 15-20.05.20 | 100 000.00 | 100 162.23 | 0.13 |
| Total USD |  |  | 1 928 081.47 | 2.59 |
| Total Anleihen, fester Zins |  | 4 503 390.07 | 6.05 |
| Anleihen, Nullcoupon |  |  |  |
| EUR |  |  |  |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 19-25.02.22 | 1 500 000.00 | 1 674 170.36 | 2.25 |
| Total EUR |  | 1 674 170.36 | 2.25 |
| Total Anleihen, Nullcoupon |  | 1 674 170.36 | 2.25 |
| Anleihen, variabler Zins |  |  |  |
| EUR |  |  |  |
| EUR	HOLCIM FINANCE LUXEMBOURG SA-REG-S-SUB 3.000%/VAR 19-PRP | 100 000.00 | 115 221.70 | 0.15 |
| EUR	ITALY, REPUBLIC OF 2.550%/CPI LINKED 09-15.09.41 | 100 000.00 | 160 582.16 | 0.22 |
| EUR	RABOBANK NEDERLAND NV REG-S 5.500%/VAR 15-PRP | 200 000.00 | 226 389.80 | 0.30 |
| Total EUR |  | 502 193.66 | 0.67 |
| GBP |  |  |  |
| GBP	SSE PLC-REG-S-SUB 3.875%/VAR 15-PRP | 100 000.00 | 130 234.76 | 0.18 |
| Total GBP |  | 130 234.76 | 0.18 |
| NZD |  |  |  |
| NZD	NEW ZEALAND 2.000%/CPI LINKED 12-20.09.25 | 3 770 000.00 | 2 933 188.76 | 3.94 |
| Total NZD |  | 2 933 188.76 | 3.94 |
| Total Anleihen, variabler Zins |  | 3 565 617.18 | 4.79 |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 2.62500% 18-15.05.21 | 4 996 000.00 | 5 063 133.75 | 6.80 |
| USD	AMERICA, UNITED STATES OF 2.12500% 19-15.05.22 | 8 000 000.00 | 8 096 562.40 | 10.88 |
| USD	AMERICA, UNITED STATES OF 1.12500% 16-30.06.21 | 3 200 000.00 | 3 172 875.00 | 4.26 |
| Total USD |  | 16 332 571.15 | 21.94 |
| Total Treasury-Notes, fester Zins |  | 16 332 571.15 | 21.94 |
| Treasury-Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 18-15.04.23 | 1 000 000.00 | 1 043 791.29 | 1.40 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 13-15.01.23 | 1 761 000.00 | 1 947 104.85 | 2.62 |
| Total USD |  | 2 990 896.14 | 4.02 |
| Total Treasury-Notes, variabler Zins | 2 990 896.14 | 4.02 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 49 598 743.90 | 66.63 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Asset Backed Securities, fester Zins |  |  |
| USD |  |  |
| USD	AMERICAN CREDIT ACCEPTANCE-144A 3.69000% 17-12.06.23	124 000.00 | 125 093.11 | 0.17 |
| USD	CPS AUTO TRUST-144A 4.61000% 17-15.12.22	350 000.00 | 358 153.81 | 0.48 |
| USD	DELL EQUIPMENT FINANCE TRUST-144A 3.53000% 18-22.06.23	350 000.00 | 355 856.06 | 0.48 |
| USD	FLAGSHIP CREDIT AUTO TRUST-144A 3.62000% 17-15.07.23	100 000.00 | 101 382.55 | 0.13 |
| USD	SOFI CONSUMER LOAN PROGRAM-144A 3.79000% 18-26.04.27	350 000.00 | 357 429.17 | 0.48 |
| Total USD | 1 297 914.70 | 1.74 |
| Total Asset Backed Securities, fester Zins | 1 297 914.70 | 1.74 |
| Notes, fester Zins |  |  |
| USD |  |  |
| USD	ABB FINANCE USA INC 2.87500% 12-08.05.22	160 000.00 | 163 244.05 | 0.22 |
| USD	ABBOTT LABORATORIES 2.90000% 16-30.11.21	150 000.00 | 152 708.46 | 0.20 |
| USD	BERKSHIRE HATHAWAY ENERGY CO 2.80000% 18-15.01.23	100 000.00 | 101 868.16 | 0.14 |
| USD	BRAZIL, FEDERATIVE REPUBLIC OF 2.62500% 12-05.01.23	200 000.00 | 199 687.50 | 0.27 |
| USD	BRISTOL-MYERS SQUIBB CO-144A 2.60000% 19-16.05.22	100 000.00 | 101 710.48 | 0.14 |
| USD	CANADIAN NATURAL RESOURCES LTD 3.45000% 11-15.11.21	98 000.00 | 100 213.60 | 0.13 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 4.00000% 17-01.03.23	100 000.00 | 101 875.00 | 0.14 |
| USD	COMMONWEALTH BANK OF AUSTRALIA-144A 2.05000% 17-18.09.20	50 000.00 | 49 978.00 | 0.07 |
| USD	COMMONWEALTH BANK OF AUSTRALIA-144A 3.45000% 18-16.03.23	180 000.00 | 187 083.00 | 0.25 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 4.42000% 16-15.06.21	100 000.00 | 102 968.24 | 0.14 |
| USD	ENLINK MIDSTREAM PARTNERS LP 4.40000% 14-01.04.24	50 000.00 | 46 000.00 | 0.06 |
| USD	GUATEMALA, REPUBLIC OF-REG-S 4.37500% 17-05.06.27	300 000.00 | 305 718.75 | 0.41 |
| USD	MEXICO, UNITED STATES OF 4.00000% 13-02.10.23	300 000.00 | 317 906.25 | 0.43 |
| USD	NBC UNIVERSAL INC 4.37500% 11-01.04.21	100 000.00 | 103 123.26 | 0.14 |
| USD	SPRINT CORP 7.87500% 14-15.09.23	50 000.00 | 54 968.75 | 0.07 |
| Total USD | 2 089 053.50 | 2.81 |
| Total Notes, fester Zins | 2 089 053.50 | 2.81 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (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) |  |

Medium-Term Notes, fester Zins
| AUD |  |
| --- | --- |
| AUD | AUSTRALIA PACIFIC AIRPORTS MELB-STEP-DOWN 5.000% 13-04.06.20 | 700 000.00 | 482 428.77 | 0.65 |
| Total AUD |  | 482 428.77 | 0.65 |
| Total Medium-Term Notes, fester Zins |  | 482 428.77 | 0.65 |
| Medium-Term Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 2.369%/VAR 17-21.07.21 | 150 000.00 | 150 315.22 | 0.20 |
| Total USD |  | 150 315.22 | 0.20 |
| Total Medium-Term Notes, variabler Zins |  | 150 315.22 | 0.20 |
| Anleihen, fester Zins |  |  |  |
| CAD |  |  |  |
| CAD	ALBERTA, PROVINCE OF 3.40000% 13-01.12.23 | 580 000.00 | 462 593.94 | 0.62 |
| CAD	CANADA, GOVERNMENT 1.00000% 17-01.09.22 | 5 650 000.00 | 4 189 401.10 | 5.63 |
| CAD	YORK, REGIONAL MUNICIPALITY OF 4.00000% 11-30.06.21 | 620 000.00 | 482 678.11 | 0.65 |
| Total CAD |  | 5 134 673.15 | 6.90 |
| USD |  |  |  |
| USD	AT&T INC 3.00000% 12-15.02.22 | 100 000.00 | 102 016.15 | 0.14 |
| USD	FIVE CORNERS FUNDING TRUST-144A 4.41900% 13-15.11.23 | 100 000.00 | 108 173.14 | 0.14 |
| Total USD |  | 210 189.29 | 0.28 |
| Total Anleihen, fester Zins |  | 5 344 862.44 | 7.18 |
| Anleihen, variabler Zins |  |  |  |
| JPY |  |  |  |
| JPY	JAPAN 0.100%/CPI LINKED 19-10.03.29 | 70 000 000.00 | 660 796.74 | 0.89 |
| Total JPY |  | 660 796.74 | 0.89 |
| NZD |  |  |  |
| NZD	NEW ZEALAND 3.000%/CPI LINKED 13-20.09.30 | 2 560 000.00 | 2 290 282.77 | 3.07 |
| Total NZD |  | 2 290 282.77 | 3.07 |
| Total Anleihen, variabler Zins |  | 2 951 079.51 | 3.96 |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 1.75000% 12-15.05.22 | 1 500 000.00 | 1 505 331.90 | 2.02 |
| USD	AMERICA, UNITED STATES OF 2.25000% 14-30.04.21 | 6 535 000.00 | 6 585 799.17 | 8.85 |
| Total USD |  | 8 091 131.07 | 10.87 |
| Total Treasury-Notes, fester Zins |  | 8 091 131.07 | 10.87 |
| Treasury-Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 15-15.02.45 | 200 000.00 | 230 461.24 | 0.31 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI INDEX 13-15.07.23 | 1 900 000.00 | 2 113 351.10 | 2.84 |
| Total USD |  | 2 343 812.34 | 3.15 |
| Total Treasury-Notes, variabler Zins |  | 2 343 812.34 | 3.15 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  | 22 750 597.55 | 30.56 |

Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Asset Backed Securities, fester Zins
| USD |  |
| --- | --- |
| USD | DRIVE AUTO RECEIVABLES TRUST 3.84000% 17-15.03.23 | 137 000.00 | 138 474.87 | 0.19 |
| Total USD | 138 474.87 | 0.19 |
| Total Asset Backed Securities, fester Zins | 138 474.87 | 0.19 |
| Total Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden | 138 474.87 | 0.19 |
| Total des Wertpapierbestandes | 72 487 816.32 | 97.38 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (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) |  |
| Derivative Instrumente |  |  |  |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden Finanzterminkontrakte auf Anleihen |  |  |  |
|  |  |  |  |
| EUR	EURO-SCHATZ FUTURE 06.12.19 | 40.00 | -13 782.50 | -0.02 |
| EUR	EURO-BUXL FUTURE 06.12.19 | -3.00 | 16 876.84 | 0.02 |
| CAD	CANADA 10YR BOND FUTURE 20.03.20 | -5.00 | -188.22 | 0.00 |
| USD	US 10YR ULTRA NOTE FUTURE 20.03.20 | 7.00 | -1 640.63 | 0.00 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.20 | -85.00 | 4 335.97 | 0.01 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 20.03.20 | 6.00 | 515.62 | 0.00 |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.20 | -35.00 | 0.00 | 0.00 |
| Total Finanzterminkontrakte auf Anleihen |  | 6 117.08 | 0.01 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | 6 117.08 | 0.01 |

Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Swaps und Forward-Swaps auf Zinssätze
| JPY JPY | LCH/INTEREST RATE SWAP PAYER 0.79125% 18-20.12.48 LCH/INTEREST RATE SWAP REC 6ML 18-20.12.48 | -40 000 000.00 | -45 495.76 | -0.06 |
| --- | --- | --- | --- | --- |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.58300% 24-23.09.29 | -2 500 000.00 | 12 711.30 | 0.02 |
| NZD | LCH/INTEREST RATE SWAP REC 3MF 24-23.09.29 |  |  |  |
| INR | CITI/INTEREST RATE SWAP PAYER 4.98000% 19-29.11.24 | -125 000 000.00 | 387.03 | 0.00 |
| INR | CITI/INTEREST RATE SWAP REC 6MFMBCMP 19-29.11.24 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.84500% 19-04.09.24 | 35 000 000.00 | -13 900.35 | -0.02 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 19-04.09.24 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.78300% 19-10.09.24 | 15 000 000.00 | -12 382.17 | -0.02 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 19-10.09.24 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP REC 1.83100% 24-19.09.29 | 2 000 000.00 | -9 391.06 | -0.01 |
| CAD | LCH/INTEREST RATE SWAP PAYER 3MC 24-19.09.29 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP REC 1.68250% 19-02.10.24 | 4 000 000.00 | -23 211.80 | -0.03 |
| CAD | LCH/INTEREST RATE SWAP PAYER 3MC 19-02.10.24 |  |  |  |
| CNY | CITIGROUP/INTEREST RATE SWAP REC 3.03500% 19-23.10.24 | 11 000 000.00 | 8 777.75 | 0.01 |
| CNY | CITIGROUP/INTEREST RATE SWAP PAYER CNRR007 19-23.10.24 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 3.15750% 19-30.10.24 | 7 000 000.00 | 11 279.20 | 0.01 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 19-30.10.24 |  |  |  |
| Total Swaps und Forward-Swaps auf Zinssätze | -71 225.86 | -0.10 |
| Total Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden | -71 225.86 | -0.10 |
| Total Derivative Instrumente | -65 108.78 | -0.09 |
| Devisenterminkontrakte |  |  |
| Devisenterminkontrakte (Kauf/Verkauf) |  |  |

| USD | 703 680.18 | JPY | 75 900 000.00 | 5.12.2019 | 10 474.26 | 0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 6 049 997.76 | NZD | 9 380 000.00 | 5.12.2019 | 28 624.03 | 0.04 |
| USD | 6 049 356.05 | CAD | 7 955 000.00 | 5.12.2019 | 60 272.67 | 0.08 |
| USD | 1 746 573.30 | GBP | 1 350 000.00 | 5.12.2019 | 186.32 | 0.00 |
| USD | 42 836.61 | MXN | 820 000.00 | 5.12.2019 | 817.33 | 0.00 |
| USD | 7 330 972.72 | AUD | 10 600 000.00 | 5.12.2019 | 160 470.28 | 0.22 |
| USD | 7 522 295.83 | EUR | 6 725 000.00 | 5.12.2019 | 105 730.79 | 0.14 |
| USD | 96 326.81 | CHF | 95 000.00 | 5.12.2019 | 1 243.14 | 0.00 |
| AUD | 968 450.40 | EUR | 600 000.00 | 5.12.2019 | -6 579.20 | -0.01 |
| AUD | 535 000.00 | USD | 363 778.60 | 5.12.2019 | -1 871.17 | 0.00 |
| AUD | 52 321 800.00 | USD | 35 556 273.30 | 16.1.2020 | -120 732.89 | -0.16 |
| CHF | 1 140 000.00 | USD | 1 147 577.45 | 16.1.2020 | -2 264.68 | 0.00 |
| EUR | 30 132 200.00 | USD | 33 313 557.68 | 16.1.2020 | 25 930.50 | 0.03 |
| NZD | 255 000.00 | EUR | 148 502.40 | 5.12.2019 | -79.56 | 0.00 |
| USD | 259 599.51 | AUD | 382 400.00 | 16.1.2020 | 614.71 | 0.00 |
| USD | 94 740.02 | EUR | 85 800.00 | 16.1.2020 | -192.58 | 0.00 |
| AUD | 1 430 000.00 | USD | 968 291.61 | 5.12.2019 | -950.24 | 0.00 |
| USD | 7 436.47 | CHF | 7 400.00 | 16.1.2020 | 1.98 | 0.00 |
| Total Devisenterminkontrakte (Kauf/Verkauf) | 261 695.69 | 0.35 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 2 007 772.04 | 2.70 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -128 208.71 | -0.17 |
| Andere Aktiva und Passiva | -123 256.32 | -0.17 |
| Total des Nettovermögens | 74 440 710.24 | 100.00 |

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