# UBS (Lux) Bond SICAV
– EUR Corporates Sustainable (EUR)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2022 | 31.5.2022 | 31.5.2021 |
| Net assets in EUR |  | 639 694 342.53 | 833 329 902.50 | 887 668 634.17 |
| Class P-acc | LU0162626096 |  |  |  |
| Shares outstanding |  | 1 624 175.6060 | 1 773 778.8780 | 2 170 975.0020 |
| Net asset value per share in EUR |  | 13.81 | 14.40 | 15.95 |
| Issue and redemption price per share in EUR 1 |  | 13.81 | 14.40 | 16.00 |
| Class (CHF hedged) P-acc | LU0776291147 |  |  |  |
| Shares outstanding |  | 27 751.6640 | 28 587.0310 | 46 050.4730 |
| Net asset value per share in CHF |  | 104.77 | 109.65 | 121.88 |
| Issue and redemption price per share in CHF 1 |  | 104.77 | 109.65 | 122.26 |
| Class Q-acc | LU0396343682 |  |  |  |
| Shares outstanding |  | 134 296.0450 | 121 565.9630 | 141 258.8630 |
| Net asset value per share in EUR |  | 99.30 | 103.31 | 113.78 |
| Issue and redemption price per share in EUR 1 |  | 99.30 | 103.31 | 114.13 |
| Class (CHF hedged) Q-acc | LU1240773892 |  |  |  |
| Shares outstanding |  | 10 990.2880 | 13 300.2880 | 19 898.2880 |
| Net asset value per share in CHF |  | 96.21 | 100.42 | 111.01 |
| Issue and redemption price per share in CHF 1 |  | 96.21 | 100.42 | 111.35 |
| Class U-X-acc | LU0396345034 |  |  |  |
| Shares outstanding |  | 40 475.5000 | 55 471.5160 | 53 981.0000 |
| Net asset value per share in EUR |  | 11 156.10 | 11 569.21 | 12 661.14 |
| Issue and redemption price per share in EUR 1 |  | 11 156.10 | 11 569.21 | 12 700.39 |
| Class (CHF hedged) U-X-acc | LU1383449839 |  |  |  |
| Shares outstanding |  | 14 827.1120 | 14 998.0000 | 14 362.0000 |
| Net asset value per share in CHF |  | 9 814.55 | 10 208.54 | 11 208.11 |
| Issue and redemption price per share in CHF 1 |  | 9 814.55 | 10 208.54 | 11 242.86 |
| 1  See note 1 |  |  |  |  |


### Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
France	19.15
United States	16.30
The Netherlands	15.03
United Kingdom	8.70
Germany	7.65
Luxembourg	7.41
Spain	6.45
Australia	4.20
Switzerland	4.08
Sweden	2.07
Italy	1.98
Finland	1.00
Liechtenstein	0.87
Denmark	0.86
Singapore	0.83
Ireland	0.67
Poland	0.52
Norway	0.19
Austria	0.19
Total	98.15
Economic Breakdown as a % of net assets	
Banks & credit institutions	34.26
Finance & holding companies	19.84
Telecommunications	10.68
Supranational organisations	4.47
Insurance	4.24
Energy & water supply	3.31
Internet, software & IT services	2.42
Real Estate	2.42
Traffic & transportation	2.27
Building industry & materials	1.95
Vehicles	1.77
Food & soft drinks	1.72
Petroleum	1.68
Tobacco & alcohol	1.55
Miscellaneous services	1.39
Pharmaceuticals, cosmetics & medical products	1.25
Electronics & semiconductors	0.98
Electrical devices & components	0.73
Textiles, garments & leather goods	0.65
Mortgage & funding institutions	0.39
Miscellaneous trading companies	0.18
Total	98.15
UBS (Lux) Bond SICAV – EUR Corporates Sustainable (EUR) Semi-Annual Report as of 30 November 2022

### Statement of Net Assets
Assets	30.11.2022
EUR
Investments in securities, cost	699 928 341.78
| Investments in securities, unrealized appreciation (depreciation) | 	-72 076 509.72	 |
| --- | --- |
| Total investments in securities (Note 1) | 627 851 832.06 |
| Cash at banks, deposits on demand and deposit accounts | 2 819 036.79 |
| Receivable on securities sales (Note 1) | 2 545 443.18 |
| Receivable on subscriptions | 1 175.41 |
| Interest receivable on securities | 5 712 812.43 |
| Prepaid expenses | 5.73 |
| Unrealized gain on forward foreign exchange contracts (Note 1) | 1 679 294.82 |
| Total Assets | 640 609 600.42 |
|  |  |
| Liabilities |  |
| Payable on securities purchases (Note 1) | -546 730.44 |
| Payable on redemptions | -215 966.04 |
| Provisions for flat fee (Note 2) | -31 035.57 |
| Provisions for taxe d’abonnement (Note 3) | -13 277.41 |
| Provisions for other commissions and fees (Note 2) | 	-108 248.43	 |
| Total provisions | -152 561.41 |
| Total Liabilities | -915 257.89 |
|  |  |
| Net assets at the end of the period | 639 694 342.53 |
| Statement of Operations | EUR |
| Income | 1.6.2022-30.11.2022 |
| Interest on liquid assets | 1 254.14 |
| Interest on securities | 6 946 547.40 |
| Interest received on swaps (Note 1) | 212 808.73 |
| Net income on securities lending (Note 11) | 245 635.19 |
| Other income (Note 4) | 336 749.49 |
| Total income | 7 742 994.95 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -523 937.42 |
| Flat fee (Note 2) | -196 083.98 |
| Taxe d’abonnement (Note 3) | -40 223.19 |
| Other commissions and fees (Note 2) | -49 066.75 |
| Interest on cash and bank overdraft | -32 884.66 |
| Total expenses | -842 196.00 |
|  |  |
| Net income (loss) on investments | 6 900 798.95 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | -26 507 572.33 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | 1 255.54 |
| Realized gain (loss) on financial futures | -521 878.88 |
| Realized gain (loss) on forward foreign exchange contracts | 2 510 805.29 |
| Realized gain (loss) on swaps | 616 962.60 |
| Realized gain (loss) on foreign exchange | 1 934 600.51 |
| Total realized gain (loss) | -21 965 827.27 |
|  |  |
| Net realized gain (loss) of the period | -15 065 028.32 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | -15 810 567.46 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | 6 740.10 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | 2 218 704.42 |
| Unrealized appreciation (depreciation) on swaps | 1 327 623.33 |
| Total changes in unrealized appreciation (depreciation) | -12 257 499.61 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | -27 322 527.93 |

UBS (Lux) Bond SICAV – EUR Corporates Sustainable (EUR) Semi-Annual Report as of 30 November 2022
| Changes in Net Assets |  |
| --- | --- |
|  | EUR |
|  | 1.6.2022-30.11.2022 |
| Net assets at the beginning of the period | 833 329 902.50 |
| Subscriptions | 34 309 870.37 |
| Redemptions | 	-200 622 902.41	 |
| Total net subscriptions (redemptions) | -166 313 032.04 |
| Net income (loss) on investments | 6 900 798.95 |
| Total realized gain (loss) | -21 965 827.27 |
| Total changes in unrealized appreciation (depreciation) | 	-12 257 499.61	 |
| Net increase (decrease) in net assets as a result of operations | -27 322 527.93 |
| Net assets at the end of the period | 639 694 342.53 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2022-30.11.2022 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 1 773 778.8780 |
| Number of shares issued | 9 106.5610 |
| Number of shares redeemed | -158 709.8330 |
| Number of shares outstanding at the end of the period | 1 624 175.6060 |
| Class | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 28 587.0310 |
| Number of shares issued | 22.5980 |
| Number of shares redeemed | -857.9650 |
| Number of shares outstanding at the end of the period | 27 751.6640 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 121 565.9630 |
| Number of shares issued | 36 267.0890 |
| Number of shares redeemed | -23 537.0070 |
| Number of shares outstanding at the end of the period | 134 296.0450 |
| Class | (CHF hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 13 300.2880 |
| Number of shares issued | 1 600.0000 |
| Number of shares redeemed | -3 910.0000 |
| Number of shares outstanding at the end of the period | 10 990.2880 |
| Class | U-X-acc |
| Number of shares outstanding at the beginning of the period | 55 471.5160 |
| Number of shares issued | 1 882.0000 |
| Number of shares redeemed | -16 878.0160 |
| Number of shares outstanding at the end of the period | 40 475.5000 |
| Class | (CHF hedged) U-X-acc |
| Number of shares outstanding at the beginning of the period | 14 998.0000 |
| Number of shares issued | 875.1120 |
| Number of shares redeemed | -1 046.0000 |
| Number of shares outstanding at the end of the period | 14 827.1120 |

UBS (Lux) Bond SICAV – EUR Corporates Sustainable (EUR) Semi-Annual Report as of 30 November 2022

### Statement of Investments in Securities and other Net Assets as of 30 November 2022
| Description | Quantity/ | Valuation in EUR | 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 |  |  |  |
| EUR |  |  |  |
| EUR	BP CAPITAL MARKETS PLC-REG-S 2.82200% 20-07.04.32 | 3 600 000.00 | 3 417 544.80 | 0.53 |
| EUR	CAP GEMINI SA-REG-S 2.00000% 20-15.04.29 | 7 100 000.00 | 6 627 353.00 | 1.04 |
| EUR	CAPGEMINI SE-REG-S 1.12500% 20-23.06.30 | 3 400 000.00 | 2 918 199.60 | 0.46 |
| EUR	CIE DE SAINT-GOBAIN-REG-S 2.37500% 20-04.10.27 | 3 300 000.00 | 3 187 701.00 | 0.50 |
| EUR	ENEL FINANCE INTERNATIONAL NV-REG-S 1.37500% 16-01.06.26 | 14 900 000.00 | 14 021 138.40 | 2.19 |
| EUR	EQUINIX INC 1.00000% 21-15.03.33 | 1 800 000.00 | 1 358 337.60 | 0.21 |
| EUR	GENERAL MOTORS FINANCIAL CO INC-REG-S 0.65000% 21-07.09.28 | 5 100 000.00 | 4 113 405.00 | 0.64 |
| EUR	PVH CORP-REG-S 3.12500% 17-15.12.27 | 400 000.00 | 362 676.00 | 0.06 |
| EUR	SWISS LIFE FINANCE I LTD-REG-S 0.50000% 21-15.09.31 | 7 600 000.00 | 5 530 292.00 | 0.87 |
| EUR	THERMO FISHER SCIENTIFIC FINANCE I BV 0.80000% 21-18.10.30 | 2 900 000.00 | 2 434 816.80 | 0.38 |
| EUR	UBS GROUP AG-REG-S 0.87500% 21-03.11.31 | 3 900 000.00 | 3 013 218.00 | 0.47 |
| EUR	VONOVIA SE-REG-S 2.37500% 22-25.03.32 | 1 100 000.00 | 917 798.20 | 0.14 |
| Total EUR |  | 47 902 480.40 | 7.49 |
| Total Notes, fixed rate |  | 47 902 480.40 | 7.49 |
| Notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	AUSTRALIA & NZ BANKING GRP-REG-S-SUB 1.125%/VAR 19-21.11.29 | 6 800 000.00 | 6 309 774.40 | 0.99 |
| EUR	BANCO BILBAO VIZCAYA ARGENT-REG-S-SUB 6.000%/VAR 19-PRP | 3 400 000.00 | 3 337 249.60 | 0.52 |
| EUR	BANCO BILBAO VIZCAYA ARGENT-REG-S-SUB 6.000%/VAR 20-PRP | 2 400 000.00 | 2 314 368.00 | 0.36 |
| EUR	ELM BV FOR FIRMENICH INTL SA-REG-S-SUB 3.750%/VAR 20-PRP | 2 000 000.00 | 1 905 000.00 | 0.30 |
| EUR	ENGIE SA-REG-S-SUB 1.500%/VAR 20-PRP | 1 600 000.00 | 1 280 352.00 | 0.20 |
| EUR	EUROCLEAR INVESTMENTS SA-REG-S-SUB 2.625%/VAR 18-11.04.48 | 2 500 000.00 | 2 241 250.00 | 0.35 |
| EUR	HSBC HOLDINGS PLC-REG-S 3.019%/VAR 22-15.06.27 | 2 600 000.00 | 2 481 954.80 | 0.39 |
| EUR	IBERDROLA FINANZAS SA-REG-S-SUB 1.575%/VAR 21-PRP | 4 000 000.00 | 3 255 576.00 | 0.51 |
| EUR	OP CORPORATE BANK PLC-REG-S SUB 1.625%/VAR 20-09.06.30 | 5 500 000.00 | 5 039 386.00 | 0.79 |
| EUR	RAIFFEISEN BANK INTL AG-REG-S-SUB 1.375%/VAR 21-17.06.33 | 1 700 000.00 | 1 184 325.40 | 0.18 |
| EUR	VODAFONE GROUP PLC-REG-S-SUB 2.625%/VAR 20-27.08.80 | 2 700 000.00 | 2 403 000.00 | 0.38 |
| EUR	WESTPAC BANKING CORP-REG-SUB 0.766%/VAR 21-13.05.31 | 4 200 000.00 | 3 598 523.46 | 0.56 |
| Total EUR |  | 35 350 759.66 | 5.53 |
| Total Notes, floating rate |  | 35 350 759.66 | 5.53 |
| Medium term notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 2.37500% 19-27.09.27 | 5 400 000.00 | 4 990 680.00 | 0.78 |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 3.00000% 19-27.03.31 | 4 900 000.00 | 4 383 050.00 | 0.69 |
| EUR	AKER BP ASA-REG-S 1.12500% 21-12.05.29 | 1 500 000.00 | 1 235 145.00 | 0.19 |
| EUR	ALLIANZ FINANCE II BV-REG-S 1.50000% 19-15.01.30 | 3 000 000.00 | 2 697 360.00 | 0.42 |
| EUR	ANGLO AMERICAN CAPITAL PLC-REG-S 1.62500% 17-18.09.25 | 4 200 000.00 | 3 984 225.00 | 0.62 |
| EUR	APRR SA-REG-S 1.62500% 17-13.01.32 | 2 700 000.00 | 2 347 450.20 | 0.37 |
| EUR	APT PIPELINES LTD-REG-S 2.00000% 20-15.07.30 | 3 300 000.00 | 2 806 801.80 | 0.44 |
| EUR	ASSICURAZIONI GENERALI SPA-REG-S-SUB 4.12500% 14-04.05.26 | 3 600 000.00 | 3 654 454.68 | 0.57 |
| EUR	BANCA INTESA SPA-REG-S 1.35000% 21-24.02.31 | 2 700 000.00 | 2 049 348.60 | 0.32 |
| EUR	BANCA INTESA SPA-REG-S 0.75000% 21-16.03.28 | 6 200 000.00 | 5 248 672.00 | 0.82 |
| EUR	BANCO BILBAO VIZCAYA ARGENTARIA-REG-S 0.37500% 19-02.10.24 | 5 400 000.00 | 5 137 074.00 | 0.80 |
| EUR	BANK OF AMERICA CORP-REG-S 1.37500% 15-26.03.25 | 7 700 000.00 | 7 405 706.00 | 1.16 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S 1.62500% 16-19.01.26 | 6 200 000.00 | 5 867 320.40 | 0.92 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S-SUB 2.37500% 16-24.03.26 | 7 300 000.00 | 7 036 251.00 | 1.10 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S-SUB 2.50000% 18-25.05.28 | 800 000.00 | 740 800.00 | 0.12 |
| EUR	BAXTER INTERNATIONAL INC 1.30000% 19-15.05.29 | 4 400 000.00 | 3 788 268.00 | 0.59 |
| EUR	BMW FINANCE NV-REG-S 1.50000% 19-06.02.29 | 700 000.00 | 641 261.60 | 0.10 |
| EUR	BMW FINANCE NV-REG-S 0.50000% 22-22.02.25 | 700 000.00 | 664 795.60 | 0.10 |
| EUR	BNP PARIBAS SA-REG-S-SUB 1.62500% 19-02.07.31 | 2 700 000.00 | 2 181 983.40 | 0.34 |
| EUR	BNP PARIBAS SA-REG-S 1.50000% 17-17.11.25 | 4 800 000.00 | 4 542 614.40 | 0.71 |
| EUR	BNP PARIBAS SA-REG-S 1.50000% 17-23.05.28 | 1 000 000.00 | 873 992.00 | 0.14 |
| EUR	BNP PARIBAS SA-REG-S 1.12500% 18-11.06.26 | 6 000 000.00 | 5 497 476.00 | 0.86 |
| EUR	BNP PARIBAS-REG-S 1.50000% 16-25.05.28 | 2 800 000.00 | 2 558 886.27 | 0.40 |
| EUR	BNP PARIBAS-REG-S 2.10000% 22-07.04.32 | 2 900 000.00 | 2 451 857.20 | 0.38 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 1.57300% 15-16.02.27 | 1 000 000.00 | 931 956.00 | 0.15 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 1.63700% 17-26.06.29 | 2 700 000.00 | 2 434 806.00 | 0.38 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 1.59400% 18-03.07.28 | 3 900 000.00 | 3 551 675.40 | 0.56 |
| EUR	CARLSBERG BREWERIES A/S-REG-S 0.62500% 20-09.03.30 | 2 300 000.00 | 1 885 425.00 | 0.29 |
| EUR	CELLNEX FINANCE CO SA -REG-S 1.25000% 21-15.01.29 | 800 000.00 | 654 566.40 | 0.10 |
| EUR	CELLNEX FINANCE CO SA-REG-S 1.50000% 21-08.06.28 | 600 000.00 | 508 490.40 | 0.08 |
| EUR	CIE DE SAINT-GOBAIN SA-REG-S 1.87500% 19-15.03.31 | 3 400 000.00 | 2 989 178.00 | 0.47 |
| EUR	CIE DE SAINT-GOBAIN-REG-S 1.12500% 18-23.03.26 | 2 800 000.00 | 2 607 600.80 | 0.41 |
| EUR	CITIGROUP INC-REG-S 1.50000% 16-26.10.28 | 2 400 000.00 | 2 108 265.68 | 0.33 |
| EUR	CREDIT AGRICOLE SA LONDON-REG-S 1.87500% 16-20.12.26 | 8 600 000.00 | 7 999 427.60 | 1.25 |
| EUR	CREDIT SUISSE AG/LONDON-REG-S 0.25000% 21-01.09.28 | 1 400 000.00 | 1 045 996.00 | 0.16 |
| EUR	CREDIT SUISSE GROUP AG-REG-S 0.65000% 19-10.09.29 | 6 400 000.00 | 4 243 072.00 | 0.66 |
| EUR	DAIMLER AG-REG-S 0.37500% 19-08.11.26 | 2 900 000.00 | 2 646 215.20 | 0.41 |
| EUR	DAIMLER AG-REG-S 1.12500% 19-06.11.31 | 4 000 000.00 | 3 377 200.00 | 0.53 |
| EUR	DAIMLER AG-REG-S 2.00000% 19-27.02.31 | 3 900 000.00 | 3 597 118.20 | 0.56 |
| EUR	DAIMLER AG-REG-S 2.37500% 20-22.05.30 | 1 800 000.00 | 1 727 049.60 | 0.27 |
| EUR	DEUTSCHE BAHN FINANCE GMBH-REG-S 0.75000% 20-16.07.35 | 2 300 000.00 | 1 713 187.20 | 0.27 |
| EUR	DEUTSCHE TELEKOM AG-REG-S 2.25000% 19-29.03.39 | 1 700 000.00 | 1 436 700.59 | 0.22 |
| EUR	DEUTSCHE TELEKOM INTL FINANCE BV-REG-S 1.50000% 16-03.04.28 | 5 000 000.00 | 4 634 550.00 | 0.72 |
| EUR	DEUTSCHE TELEKOM INTL FIN BV-REG-S 2.00000% 18-01.12.29 | 4 600 000.00 | 4 316 051.20 | 0.67 |
| EUR	E.ON INTERNATIONAL FINANCE BV-REG-S 5.75000% 03-14.02.33 | 1 300 000.00 | 1 495 356.19 | 0.23 |
| EUR	ENAGAS FINANCIACIONES SAU-REG-S 1.25000% 15-06.02.25 | 4 200 000.00 | 4 013 604.00 | 0.63 |
| EUR	ENGIE SA-REG-S 1.75000% 20-27.03.28 | 3 100 000.00 | 2 866 694.00 | 0.45 |
| EUR	ENGIE SA-REG-S 2.37500% 14-19.05.26 | 1 800 000.00 | 1 748 250.00 | 0.27 |
| EUR	ESB FINANCE DAC-REG-S 1.12500% 19-11.06.30 | 5 000 000.00 | 4 274 810.00 | 0.67 |
| EUR	EUROGRID GMBH-REG-S 1.50000% 16-18.04.28 | 7 200 000.00 | 6 521 004.00 | 1.02 |

UBS (Lux) Bond SICAV – EUR Corporates Sustainable (EUR) Semi-Annual Report as of 30 November 2022
|  | Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| EUR | FORD MOTOR CREDIT CO LLC 3.02100% 19-06.03.24 | 2 600 000.00 | 2 544 152.00 | 0.40 |
| EUR | GECINA SA-REG-S 1.62500% 19-29.05.34 | 5 100 000.00 | 3 955 254.00 | 0.62 |
| EUR | GLOBAL SWITCH FINANCE BV-REG-S 1.37500% 20-07.10.30 | 2 400 000.00 | 2 033 289.60 | 0.32 |
| EUR | GOLDMAN SACHS GROUP INC 2.87500% 14-03.06.26 | 3 600 000.00 | 3 516 199.20 | 0.55 |
| EUR | GOLDMAN SACHS GROUP INC/THE-REG-S 2.12500% 14-30.09.24 | 3 100 000.00 | 3 046 649.00 | 0.48 |
| EUR | GOLDMAN SACHS GROUP INC-REG-S 1.62500% 16-27.07.26 | 5 000 000.00 | 4 699 010.01 | 0.73 |
| EUR | INFRASTRUTTURE WIRELESS ITALI SPA-REG-S 1.62500% 20-21.10.28 | 2 000 000.00 | 1 731 200.00 | 0.27 |
| EUR | ISS GLOBAL A/S-REG-S 2.12500% 14-02.12.24 | 2 400 000.00 | 2 341 497.60 | 0.37 |
| EUR | JPMORGAN CHASE & CO-REG-S 1.50000% 16-29.10.26 | 3 900 000.00 | 3 634 524.81 | 0.57 |
| EUR | KONINKLIJKE KPN NV-REG-S 1.12500% 16-11.09.28 | 1 800 000.00 | 1 600 239.60 | 0.25 |
| EUR | KONINKLIJKE KPN NV-REG-S 0.87500% 20-14.12.32 | 1 700 000.00 | 1 295 692.40 | 0.20 |
| EUR | KONINKLIJKE KPN NV-REG-S 0.87500% 21-15.11.33 | 6 000 000.00 | 4 501 212.00 | 0.70 |
| EUR | LANDESBANK BADEN-WUERTTEMBERG-REG-S-SUB 3.62500% 15-16.06.25 | 2 300 000.00 | 2 232 380.00 | 0.35 |
| EUR | LOGICOR FINANCING SARL-REG-S 3.25000% 18-13.11.28 | 3 900 000.00 | 3 379 537.20 | 0.53 |
| EUR | LOGICOR FINANCING SARL-REG-S 1.62500% 19-15.07.27 | 4 200 000.00 | 3 474 240.00 | 0.54 |
| EUR | MORGAN STANLEY 1.75000% 15-30.01.25 | 9 800 000.00 | 9 477 815.20 | 1.48 |
| EUR | MORGAN STANLEY 1.87500% 17-27.04.27 | 3 800 000.00 | 3 498 523.20 | 0.55 |
| EUR | ORANGE SA-REG-S 1.00000% 18-12.09.25 | 4 500 000.00 | 4 265 352.37 | 0.67 |
| EUR | ORANGE SA-REG-S 1.37500% 18-20.03.28 | 3 600 000.00 | 3 309 919.20 | 0.52 |
| EUR | ORIGIN ENERGY FINANCE LTD-REG-S 1.00000% 19-17.09.29 | 5 600 000.00 | 4 707 651.20 | 0.74 |
| EUR | P3 GROUP SARL-REG-S 0.87500% 22-26.01.26 | 3 700 000.00 | 3 054 732.50 | 0.48 |
| EUR | PROLOGIS INTERNATIONAL FUNDING II-REG-S 3.12500% 22-01.06.31 | 2 700 000.00 | 2 500 518.60 | 0.39 |
| EUR | REPSOL INTERNATIONAL FINANCE BV-REG-S 2.25000% 14-10.12.26 | 1 400 000.00 | 1 354 024.00 | 0.21 |
| EUR | REPSOL INTERNATIONAL FINANCE BV-REG-S 2.62500% 20-15.04.30 | 3 300 000.00 | 3 200 392.80 | 0.50 |
| EUR | SANOFI-REG-S 0.87500% 19-21.03.29 | 2 700 000.00 | 2 421 090.00 | 0.38 |
| EUR | SANOFI-REG-S 1.37500% 18-21.03.30 | 2 000 000.00 | 1 812 520.00 | 0.28 |
| EUR | SKANDINAVISKA ENSKILDA BANKEN AB-REG-S 0.37500% 20-11.02.27 | 3 000 000.00 | 2 634 102.00 | 0.41 |
| EUR | SKY PLC-REG-S 2.50000% 14-15.09.26 | 4 100 000.00 | 3 987 373.00 | 0.62 |
| EUR | SOCIETE GENERALE-REG-S 1.12500% 18-23.01.25 | 500 000.00 | 475 526.22 | 0.07 |
| EUR | SOCIETE GENERALE-REG-S 2.12500% 18-27.09.28 | 6 600 000.00 | 5 897 324.40 | 0.92 |
| EUR | SOCIETE GENERALE-REG-S 1.25000% 19-15.02.24 | 4 200 000.00 | 4 099 141.20 | 0.64 |
| EUR | TDC NET A/S-REG-S 5.05600% 22-31.05.28 | 1 300 000.00 | 1 272 050.00 | 0.20 |
| EUR | TELEFONICA EMISIONES SA-REG-S 1.46000% 16-13.04.26 | 4 000 000.00 | 3 779 912.00 | 0.59 |
| EUR | TELEFONICA EMISIONES SA-REG-S 0.66400% 20-03.02.30 | 3 600 000.00 | 2 990 095.20 | 0.47 |
| EUR | UBS AG LONDON BRANCH-REG-S 0.01000% 21-29.06.26 | 6 800 000.00 | 6 017 564.80 | 0.94 |
| EUR | UNIBAIL-RODAMCO SE-REG-S 1.37500% 15-15.04.30 | 400 000.00 | 322 793.60 | 0.05 |
| EUR | VEOLIA ENVIRONNEMENT SA-REG-S 1.25000% 20-15.04.28 | 2 200 000.00 | 1 987 031.20 | 0.31 |
| EUR | VERIZON COMMUNICATIONS INC 3.25000% 14-17.02.26 | 2 700 000.00 | 2 693 244.60 | 0.42 |
| EUR | VINCI SA-REG-S 1.62500% 19-18.01.29 | 4 000 000.00 | 3 710 288.00 | 0.58 |
| EUR | VODAFONE GROUP PLC-REG-S 1.60000% 16-29.07.31 | 6 400 000.00 | 5 507 878.40 | 0.86 |
| EUR | VODAFONE GROUP PLC-REG-S 1.50000% 17-24.07.27 | 4 500 000.00 | 4 192 425.00 | 0.66 |
| EUR | VONOVIA SE-REG-S 0.62500% 21-24.03.31 | 3 400 000.00 | 2 478 532.00 | 0.39 |
| Total EUR |  |  | 293 746 620.72 | 45.91 |
| Total Medium term notes, fixed rate |  | 293 746 620.72 | 45.91 |
| Medium term notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	ALLIANZ SE-REG-S-SUB 4.750%/3M EURIBOR+360BP 13-PRP | 7 400 000.00 | 7 354 712.00 | 1.15 |
| EUR	AUSTRALIA & NEW ZEALAND BK-REG-S-SUB 0.669%/VAR 21-05.05.31 | 2 600 000.00 | 2 226 499.60 | 0.35 |
| EUR	AVIVA PLC-REG-S-SUB 3.375%/VAR 15-04.12.45 | 2 600 000.00 | 2 468 934.00 | 0.39 |
| EUR	AXA SA-REG-S-SUB 3.375%/VAR 16-06.07.47 | 3 800 000.00 | 3 564 369.60 | 0.56 |
| EUR	AXA SA-REG-S-SUB 3.941%/VAR 14-PRP | 5 300 000.00 | 5 175 980.00 | 0.81 |
| EUR	BANK OF AMERICA CORP 1.102%/VAR 21-24.05.32 | 5 400 000.00 | 4 262 876.43 | 0.67 |
| EUR	BARCLAYS PLC-REG-S 1.375%/VAR 18-24.01.26 | 1 300 000.00 | 1 216 017.40 | 0.19 |
| EUR	BNP PARIBAS SA-REG-S 1.125%/VAR 20-17.04.29 | 2 700 000.00 | 2 295 869.40 | 0.36 |
| EUR	BNP PARIBAS-REG-S 2.125%/VAR 19-23.01.27 | 400 000.00 | 375 671.20 | 0.06 |
| EUR	CAIXABANK SA-REG-S-SUB 3.750%/VAR 19-15.02.29 | 3 200 000.00 | 3 141 728.00 | 0.49 |
| EUR	CITIGROUP INC-SUB 4.250%/FLR 05-25.02.30 | 2 100 000.00 | 2 071 125.00 | 0.32 |
| EUR	COMMONWEALTH BK OF AUSTRLIA-REG-S-SUB 1.936%/VAR 17-03.10.29 | 7 600 000.00 | 7 190 132.00 | 1.12 |
| EUR	CREDIT SUISSE GROUP AG-REG-S 3.250%/VAR 20-02.04.26 | 2 600 000.00 | 2 336 448.40 | 0.37 |
| EUR	DANONE SA-REG-S-SUB 1.750%/VAR 17-PRP | 4 700 000.00 | 4 630 505.80 | 0.72 |
| EUR	DBS GROUP HOLDINGS LTD-REG-S-SUB 1.500%/VAR 18-11.04.28 | 5 400 000.00 | 5 328 666.00 | 0.83 |
| EUR	DEUTSCHE BANK AG-REG-S- 0.75000%/VAR 21-17.02.27 | 3 700 000.00 | 3 219 510.60 | 0.50 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 4 800 000.00 | 4 661 385.60 | 0.73 |
| EUR	ING GROEP NV-SUB 3.000%/VAR 17-11.04.28 | 4 600 000.00 | 4 571 489.20 | 0.71 |
| EUR	JPMORGAN CHASE & CO-REG-S 1.047%/VAR 19-04.11.32 | 4 900 000.00 | 3 841 090.40 | 0.60 |
| EUR	JPMORGAN CHASE & CO-REG-S 0.389%/3M EURIBOR+65BP 20-24.02.28 | 3 600 000.00 | 3 110 644.80 | 0.49 |
| EUR	LLOYDS BANKING GROUP PLC-REG-S 0.500%/VAR 19-12.11.25 | 3 300 000.00 | 3 081 276.00 | 0.48 |
| EUR	MBANK SA-REG-S 0.966%/VAR 21-21.09.27 | 4 400 000.00 | 3 347 575.00 | 0.52 |
| EUR	NORDEA BANK ABP-REG-S-SUB 3.500%/VAR 17-PRP | 1 400 000.00 | 1 335 250.00 | 0.21 |
| EUR	SVENSKA HANDELSBANKEN AB-REG-S-SUB 1.625%/VAR 18-05.03.29 | 7 800 000.00 | 7 507 749.60 | 1.17 |
| EUR	TOTAL SE-REG-S-SUB 2.625%/VAR 15-PRP | 2 900 000.00 | 2 743 962.60 | 0.43 |
| EUR	TOTAL SE-REG-S-SUB 3.369%/VAR 16-PRP | 2 200 000.00 | 2 081 750.00 | 0.33 |
| EUR	UBS GROUP AG-REG-S-SUB 0.250%/VAR 20-05.11.28 | 3 320 000.00 | 2 743 143.36 | 0.43 |
| Total EUR |  | 95 884 361.99 | 14.99 |
| Total Medium term notes, floating rate |  | 95 884 361.99 | 14.99 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ABN AMRO BANK NV-REG-S 0.60000% 20-15.01.27 | 4 900 000.00 | 4 337 725.00 | 0.68 |
| EUR	ARGENTUM NETHERLANDS BV FOR GIV-REG-S 2.00000% 18-17.09.30 | 6 700 000.00 | 6 177 614.40 | 0.97 |
| EUR	AT&T INC 1.80000% 18-05.09.26 | 1 400 000.00 | 1 324 047.20 | 0.21 |
| EUR	AT&T INC 2.60000% 14-17.12.29 | 4 500 000.00 | 4 247 586.00 | 0.66 |
| EUR	AT&T INC 3.50000% 13-17.12.25 | 6 800 000.00 | 6 858 983.20 | 1.07 |
| EUR	COCA-COLA EUROPEAN PARTNERS PLC-REG-S 1.75000% 16-26.05.28 | 6 900 000.00 | 6 358 736.40 | 0.99 |
| EUR	CREDIT AGRICOLE SA-REG-S-SUB 2.62500% 15-17.03.27 | 2 800 000.00 | 2 660 201.60 | 0.42 |
| EUR	EUROPEAN INVESTMENT BANK-REG-S 0.25000% 22-20.01.32 | 35 200 000.00 | 28 594 931.20 | 4.47 |
| EUR	FCC AQUALIA SA-REG-S 2.62900% 17-08.06.27 | 3 000 000.00 | 2 774 670.00 | 0.43 |
| EUR	GIE PSA TRESORERIE 6.00000% 03-19.09.33 | 1 000 000.00 | 1 134 516.00 | 0.18 |
| EUR	LANDESBANK BADEN-WUERTTEMBERG-REG-S-SUB 2.87500% 16-28.09.26 | 1 800 000.00 | 1 684 890.00 | 0.26 |
| EUR	MOLSON COORS BREWING CO 1.25000% 16-15.07.24 | 8 300 000.00 | 8 013 533.80 | 1.25 |

UBS (Lux) Bond SICAV – EUR Corporates Sustainable (EUR) Semi-Annual Report as of 30 November 2022
|  | Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| EUR | NOVARTIS FINANCE SA-REG-S 1.37500% 18-14.08.30 | 1 700 000.00 | 1 526 600.00 | 0.24 |
| EUR | PVH CORP-REG-S 3.62500% 16-15.07.24 | 3 800 000.00 | 3 772 412.00 | 0.59 |
| EUR | SAP SE-REG-S 0.37500% 20-18.05.29 | 4 600 000.00 | 3 956 653.20 | 0.62 |
| EUR | SAP SE-REG-S 1.62500% 18-10.03.31 | 2 200 000.00 | 1 990 832.80 | 0.31 |
| EUR | SOCIETE GENERALE-REG-S 0.75000% 20-25.01.27 | 1 600 000.00 | 1 395 874.69 | 0.22 |
| EUR | SVENSKA HANDELSBANKEN AB-REG-S 0.50000% 20-18.02.30 | 3 900 000.00 | 3 104 821.20 | 0.49 |
| EUR | THERMO FISHER SCIENTIFIC INC 1.37500% 16-12.09.28 | 2 100 000.00 | 1 907 724.00 | 0.30 |
| EUR | THERMO FISHER SCIENTIFIC INC 0.75000% 16-12.09.24 | 4 500 000.00 | 4 332 411.00 | 0.68 |
| EUR | VERIZON COMMUNICATIONS INC 1.87500% 17-26.10.29 | 6 000 000.00 | 5 403 480.00 | 0.84 |
| EUR | VERIZON COMMUNICATIONS INC 0.87500% 19-08.04.27 | 3 200 000.00 | 2 884 742.40 | 0.45 |
| EUR | VONOVIA FINANCE BV-REG-S 1.50000% 18-14.01.28 | 2 100 000.00 | 1 812 846.00 | 0.28 |
| EUR | WINTERSHALL DEA FINANCE BV-REG-S 1.33200% 19-25.09.28 | 2 100 000.00 | 1 757 427.00 | 0.27 |
| EUR | WINTERSHALL DEA FINANCE-REG-S 1.82300% 19-25.09.31 | 6 200 000.00 | 4 768 420.00 | 0.75 |
| Total EUR |  |  | 112 781 679.09 | 17.63 |
| Total Bonds, fixed rate |  | 112 781 679.09 | 17.63 |
| Bonds, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	THERMO FISHER SCIENTIFIC FINANCE 0.00000% 21-18.11.25 | 2 200 000.00 | 2 015 200.00 | 0.32 |
| EUR	ZUERCHER KANTONALBANK-REG-S 0.00000% 21-15.05.26 | 2 900 000.00 | 2 625 776.00 | 0.41 |
| Total EUR |  | 4 640 976.00 | 0.73 |
| Total Bonds, zero coupon |  | 4 640 976.00 | 0.73 |
| Bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	ALLIANDER NV-REG-S-SUB 1.625%/VAR 18-PRP | 7 100 000.00 | 6 496 500.00 | 1.02 |
| EUR	ALLIANZ SE-REG-S-SUB 1.301%/3M EURIBOR+235BP 19-25.09.49 | 2 800 000.00 | 2 241 892.80 | 0.35 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 3.250%/VAR 20-PRP | 1 800 000.00 | 1 656 000.00 | 0.26 |
| EUR	DEUTSCHE BAHN FINANCE GMBH-REG-S-SUB 0.950%/VAR 19-PRP | 5 000 000.00 | 4 506 250.00 | 0.70 |
| EUR	ING GROEP NV-REG-S-SUB 2.000%/VAR 18-22.03.30 | 2 900 000.00 | 2 696 060.40 | 0.42 |
| EUR	RABOBANK NEDERLAND NV-REG-S-SUB 3.250%/VAR 19-PRP | 8 600 000.00 | 7 417 500.00 | 1.16 |
| EUR	SES SA-REG-S-SUB 2.875%/VAR 21-PRP | 3 300 000.00 | 2 637 030.00 | 0.41 |
| EUR	SOCIETE GENERALE SA-REG-S 0.875%/VAR 20-22.09.28 | 1 400 000.00 | 1 202 124.00 | 0.19 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.125%/VAR 18-PRP | 5 400 000.00 | 4 644 540.00 | 0.73 |
| EUR	ZUERCHER KANTONALBANK-REG-S-SUB 2.020%/VAR 22-13.04.28 | 4 410 000.00 | 4 047 057.00 | 0.63 |
| Total EUR |  | 37 544 954.20 | 5.87 |
| Total Bonds, floating rate |  | 37 544 954.20 | 5.87 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 627 851 832.06 | 98.15 |
| Total investments in securities |  | 627 851 832.06 | 98.15 |
| Forward Foreign Exchange contracts |  |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| CHF | 144 025 800.00 | EUR | 145 678 950.16 | 2.12.2022 | 1 136 484.39 | 0.18 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 795 574.39 | CHF | 782 500.00 | 2.12.2022 | -2 081.85 | 0.00 |
| CHF | 1 855 400.00 | EUR | 1 899 201.67 | 2.12.2022 | -7 864.44 | 0.00 |
| EUR | 293 849.43 | CHF | 288 000.00 | 2.12.2022 | 271.16 | 0.00 |
| CHF | 846 100.00 | EUR | 862 794.29 | 2.12.2022 | -306.19 | 0.00 |
| CHF | 1 809 600.00 | EUR | 1 843 598.16 | 2.12.2022 | 1 051.97 | 0.00 |
| CHF | 147 466 400.00 | EUR | 150 010 411.57 | 3.1.2023 | 551 739.78 | 0.08 |
| Total Forward Foreign Exchange contracts | 1 679 294.82 | 0.26 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 2 819 036.79 | 0.44 |
| Other assets and liabilities | 7 344 178.86 | 1.15 |
| Total net assets | 639 694 342.53 | 100.00 |

UBS (Lux) Bond SICAV – EUR Corporates Sustainable (EUR) Semi-Annual Report as of 30 November 2022

Translation (ENFR, 2022-11-30):
# UBS (Lux) Bond SICAV
– EUR Corporates Sustainable (EUR)
| Données principales |  |
| --- | --- |
|  | ISIN | 30.11.2022 | 31.5.2022 | 31.5.2021 |
| Actif net en EUR |  | 639 694 342.53 | 833 329 902.50 | 887 668 634.17 |
| Catégorie P-acc | LU0162626096 |  |  |  |
| Actions en circulation |  | 1 624 175.6060 | 1 773 778.8780 | 2 170 975.0020 |
| Valeur nette d’inventaire par action en EUR |  | 13.81 | 14.40 | 15.95 |
| Prix d’émission et de rachat par action en EUR 1 |  | 13.81 | 14.40 | 16.00 |
| Catégorie (CHF hedged) P-acc | LU0776291147 |  |  |  |
| Actions en circulation |  | 27 751.6640 | 28 587.0310 | 46 050.4730 |
| Valeur nette d’inventaire par action en CHF |  | 104.77 | 109.65 | 121.88 |
| Prix d’émission et de rachat par action en CHF 1 |  | 104.77 | 109.65 | 122.26 |
| Catégorie Q-acc | LU0396343682 |  |  |  |
| Actions en circulation |  | 134 296.0450 | 121 565.9630 | 141 258.8630 |
| Valeur nette d’inventaire par action en EUR |  | 99.30 | 103.31 | 113.78 |
| Prix d’émission et de rachat par action en EUR 1 |  | 99.30 | 103.31 | 114.13 |
| Catégorie (CHF hedged) Q-acc | LU1240773892 |  |  |  |
| Actions en circulation |  | 10 990.2880 | 13 300.2880 | 19 898.2880 |
| Valeur nette d’inventaire par action en CHF |  | 96.21 | 100.42 | 111.01 |
| Prix d’émission et de rachat par action en CHF 1 |  | 96.21 | 100.42 | 111.35 |
| Catégorie U-X-acc | LU0396345034 |  |  |  |
| Actions en circulation |  | 40 475.5000 | 55 471.5160 | 53 981.0000 |
| Valeur nette d’inventaire par action en EUR |  | 11 156.10 | 11 569.21 | 12 661.14 |
| Prix d’émission et de rachat par action en EUR 1 |  | 11 156.10 | 11 569.21 | 12 700.39 |
| Catégorie (CHF hedged) U-X-acc | LU1383449839 |  |  |  |
| Actions en circulation |  | 14 827.1120 | 14 998.0000 | 14 362.0000 |
| Valeur nette d’inventaire par action en CHF |  | 9 814.55 | 10 208.54 | 11 208.11 |
| Prix d’émission et de rachat par action en CHF 1 |  | 9 814.55 | 10 208.54 | 11 242.86 |
| 1  Voir note 1 |  |  |  |  |
| Structure du portefeuille-titres |  |  |  |  |

Répartition géographique en % de l’actif net	
France	19.15
Etats-Unis	16.30
Pays-Bas	15.03
Grande-Bretagne	8.70
Allemagne	7.65
Luxembourg	7.41
Espagne	6.45
Australie	4.20
Suisse	4.08
Suède	2.07
Italie	1.98
Finlande	1.00
Liechtenstein	0.87
Danemark	0.86
Singapour	0.83
Irlande	0.67
Pologne	0.52
Norvège	0.19
Autriche	0.19
Total	98.15
Répartition économique en % de l’actif net	
Banques & instituts de crédit	34.26
Etablissements financiers et sociétés de participation	19.84
Télécommunications	10.68
Organisations supranationales	4.47
Assurances	4.24
Distribution d’énergie & d’eau	3.31
Internet, logiciels et services informatiques	2.42
Immobilier	2.42
Trafic et transport	2.27
Bâtiment et matériaux de construction	1.95
Véhicules	1.77
Alimentation & softs	1.72
Pétrole	1.68
Tabac et boissons alcoolisées	1.55
Services divers	1.39
Produits pharmaceutiques, cosmétiques & médicaux	1.25
Electronique et semi-conducteurs	0.98
Appareils et composants électriques	0.73
Textiles, habillement & maroquinerie	0.65
Emetteurs d’obligations sécurisées (Pfandbriefe) et
sociétés de refinancement	0.39
Diverses sociétés commerciales	0.18
Total	98.15
UBS (Lux) Bond SICAV – EUR Corporates Sustainable (EUR) Rapport semestriel au 30 novembre 2022

## Etat des actifs nets
Actif	30.11.2022
EUR
Portefeuille-titres, cours d’achat	699 928 341.78
| Portefeuille-titres, plus- (moins-) value non-réalisée | 	-72 076 509.72	 |
| --- | --- |
| Total portefeuille-titres (note 1) | 627 851 832.06 |
| Avoirs en banque, dépôts à vue et à terme | 2 819 036.79 |
| A recevoir sur ventes de titres (note 1) | 2 545 443.18 |
| A recevoir sur souscriptions | 1 175.41 |
| Intérêts à recevoir sur titres | 5 712 812.43 |
| Frais payés d’avance | 5.73 |
| Bénéfice non réalisé sur contrats de change à terme (note 1) | 1 679 294.82 |
| Total Actif | 640 609 600.42 |
|  |  |
| Passif |  |
| A payer sur achats de titres (note 1) | -546 730.44 |
| A payer sur rachats | -215 966.04 |
| Provisions pour commission de gestion forfaitaire (note 2) | -31 035.57 |
| Provisions pour taxe d’abonnement (note 3) | -13 277.41 |
| Provisions pour autres commissions et frais (note 2) | 	-108 248.43	 |
| Total des Provisions pour frais | -152 561.41 |
| Total Passif | -915 257.89 |
|  |  |
| Actifs nets à la fin de la période | 639 694 342.53 |
| Etat des opérations | EUR |
| Revenus | 1.6.2022-30.11.2022 |
| Revenus d’intérêts sur liquidités | 1 254.14 |
| Intérêts sur titres | 6 946 547.40 |
| Revenus d’intérêts sur swaps (note 1) | 212 808.73 |
| Revenus nets sur prêts de titres (note 11) | 245 635.19 |
| Autres revenus (note 4) | 336 749.49 |
| Total des Revenus | 7 742 994.95 |
|  |  |
| Charges |  |
| Charges d’intérêts sur swaps (note 1) | -523 937.42 |
| Commission de gestion forfaitaire (note 2) | -196 083.98 |
| Taxe d’abonnement (note 3) | -40 223.19 |
| Autres commissions et frais (note 2) | -49 066.75 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -32 884.66 |
| Total des Charges | -842 196.00 |
|  |  |
| Revenus (Pertes) net(te)s des investissements | 6 900 798.95 |
|  |  |
| Bénéfices (pertes) réalisé(e)s (note 1) |  |
| Bénéfice (perte) réalisé(e) sur titres évalués à la valeur de marché hors options | -26 507 572.33 |
| Bénéfice (perte) réalisé(e) sur instruments du marché monétaire et titres évalués en fonction des rendements | 1 255.54 |
| Bénéfice (perte) réalisé(e) sur contrats financiers à terme | -521 878.88 |
| Bénéfice (perte) réalisé(e) sur contrats de change à terme | 2 510 805.29 |
| Bénéfice (perte) réalisé(e) sur swaps | 616 962.60 |
| Bénéfice (perte) réalisé(e) de change réalisé(e) | 1 934 600.51 |
| Total des Bénéfices (pertes) réalisé(e)s | -21 965 827.27 |
|  |  |
| Bénéfice (perte) net(te) réalisé(e) au cours de la période | -15 065 028.32 |
|  |  |
| Variations des plus- (moins-) values non-réalisées (note 1) |  |
| Plus- (Moins-) value non réalisée sur titres évalués à la valeur de marché hors options | -15 810 567.46 |
| Plus- (Moins-) value non réalisée sur instruments du marché monétaire et titres évalués en fonction des rendements	6 740.10 |
| Plus- (Moins-) value non réalisée sur contrats de change à terme | 2 218 704.42 |
| Plus- (Moins-) value non réalisée sur swaps | 1 327 623.33 |
| Total des Variations des plus- (moins-) values non-réalisées | -12 257 499.61 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | -27 322 527.93 |

UBS (Lux) Bond SICAV – EUR Corporates Sustainable (EUR) Rapport semestriel au 30 novembre 2022
| Variations de l’actif net |  |
| --- | --- |
|  | EUR |
|  | 1.6.2022-30.11.2022 |
| Actif net au début de la période | 833 329 902.50 |
| Souscriptions | 34 309 870.37 |
| Rachats | 	-200 622 902.41	 |
| Souscriptions (Rachats) net(te)s | -166 313 032.04 |
| Revenus (Pertes) net(te)s des investissements | 6 900 798.95 |
| Total des Bénéfices (pertes) réalisé(e)s | -21 965 827.27 |
| Total des Variations des plus- (moins-) values non-réalisées | 	-12 257 499.61	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | -27 322 527.93 |
| Actifs nets à la fin de la période | 639 694 342.53 |
| Evolution des actions en circulation |  |
|  | 1.6.2022-30.11.2022 |
| Catégorie | P-acc |
| Nombre d’actions en circulation au début de la période | 1 773 778.8780 |
| Nombre d’actions émises | 9 106.5610 |
| Nombre d’actions rachetées | -158 709.8330 |
| Nombre d’actions en circulation à la fin de la période | 1 624 175.6060 |
| Catégorie | (CHF hedged) P-acc |
| Nombre d’actions en circulation au début de la période | 28 587.0310 |
| Nombre d’actions émises | 22.5980 |
| Nombre d’actions rachetées | -857.9650 |
| Nombre d’actions en circulation à la fin de la période | 27 751.6640 |
| Catégorie | Q-acc |
| Nombre d’actions en circulation au début de la période | 121 565.9630 |
| Nombre d’actions émises | 36 267.0890 |
| Nombre d’actions rachetées | -23 537.0070 |
| Nombre d’actions en circulation à la fin de la période | 134 296.0450 |
| Catégorie | (CHF hedged) Q-acc |
| Nombre d’actions en circulation au début de la période | 13 300.2880 |
| Nombre d’actions émises | 1 600.0000 |
| Nombre d’actions rachetées | -3 910.0000 |
| Nombre d’actions en circulation à la fin de la période | 10 990.2880 |
| Catégorie | U-X-acc |
| Nombre d’actions en circulation au début de la période | 55 471.5160 |
| Nombre d’actions émises | 1 882.0000 |
| Nombre d’actions rachetées | -16 878.0160 |
| Nombre d’actions en circulation à la fin de la période | 40 475.5000 |
| Catégorie | (CHF hedged) U-X-acc |
| Nombre d’actions en circulation au début de la période | 14 998.0000 |
| Nombre d’actions émises | 875.1120 |
| Nombre d’actions rachetées | -1 046.0000 |
| Nombre d’actions en circulation à la fin de la période | 14 827.1120 |

UBS (Lux) Bond SICAV – EUR Corporates Sustainable (EUR) Rapport semestriel au 30 novembre 2022

## Etat du portefeuille-titres et autres actifs nets au 30 novembre 2022
| Dénomination | Nombre/ | Evaluation en EUR | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
| Titres et instruments du marché monétaire négociés sur une bourse officielle |  |  |  |
| Billets, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	BP CAPITAL MARKETS PLC-REG-S 2.82200% 20-07.04.32 | 3 600 000.00 | 3 417 544.80 | 0.53 |
| EUR	CAP GEMINI SA-REG-S 2.00000% 20-15.04.29 | 7 100 000.00 | 6 627 353.00 | 1.04 |
| EUR	CAPGEMINI SE-REG-S 1.12500% 20-23.06.30 | 3 400 000.00 | 2 918 199.60 | 0.46 |
| EUR	CIE DE SAINT-GOBAIN-REG-S 2.37500% 20-04.10.27 | 3 300 000.00 | 3 187 701.00 | 0.50 |
| EUR	ENEL FINANCE INTERNATIONAL NV-REG-S 1.37500% 16-01.06.26 | 14 900 000.00 | 14 021 138.40 | 2.19 |
| EUR	EQUINIX INC 1.00000% 21-15.03.33 | 1 800 000.00 | 1 358 337.60 | 0.21 |
| EUR	GENERAL MOTORS FINANCIAL CO INC-REG-S 0.65000% 21-07.09.28 | 5 100 000.00 | 4 113 405.00 | 0.64 |
| EUR	PVH CORP-REG-S 3.12500% 17-15.12.27 | 400 000.00 | 362 676.00 | 0.06 |
| EUR	SWISS LIFE FINANCE I LTD-REG-S 0.50000% 21-15.09.31 | 7 600 000.00 | 5 530 292.00 | 0.87 |
| EUR	THERMO FISHER SCIENTIFIC FINANCE I BV 0.80000% 21-18.10.30 | 2 900 000.00 | 2 434 816.80 | 0.38 |
| EUR	UBS GROUP AG-REG-S 0.87500% 21-03.11.31 | 3 900 000.00 | 3 013 218.00 | 0.47 |
| EUR	VONOVIA SE-REG-S 2.37500% 22-25.03.32 | 1 100 000.00 | 917 798.20 | 0.14 |
| Total EUR |  | 47 902 480.40 | 7.49 |
| Total des Billets, taux fixe |  | 47 902 480.40 | 7.49 |
| Billets, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	AUSTRALIA & NZ BANKING GRP-REG-S-SUB 1.125%/VAR 19-21.11.29 | 6 800 000.00 | 6 309 774.40 | 0.99 |
| EUR	BANCO BILBAO VIZCAYA ARGENT-REG-S-SUB 6.000%/VAR 19-PRP | 3 400 000.00 | 3 337 249.60 | 0.52 |
| EUR	BANCO BILBAO VIZCAYA ARGENT-REG-S-SUB 6.000%/VAR 20-PRP | 2 400 000.00 | 2 314 368.00 | 0.36 |
| EUR	ELM BV FOR FIRMENICH INTL SA-REG-S-SUB 3.750%/VAR 20-PRP | 2 000 000.00 | 1 905 000.00 | 0.30 |
| EUR	ENGIE SA-REG-S-SUB 1.500%/VAR 20-PRP | 1 600 000.00 | 1 280 352.00 | 0.20 |
| EUR	EUROCLEAR INVESTMENTS SA-REG-S-SUB 2.625%/VAR 18-11.04.48 | 2 500 000.00 | 2 241 250.00 | 0.35 |
| EUR	HSBC HOLDINGS PLC-REG-S 3.019%/VAR 22-15.06.27 | 2 600 000.00 | 2 481 954.80 | 0.39 |
| EUR	IBERDROLA FINANZAS SA-REG-S-SUB 1.575%/VAR 21-PRP | 4 000 000.00 | 3 255 576.00 | 0.51 |
| EUR	OP CORPORATE BANK PLC-REG-S SUB 1.625%/VAR 20-09.06.30 | 5 500 000.00 | 5 039 386.00 | 0.79 |
| EUR	RAIFFEISEN BANK INTL AG-REG-S-SUB 1.375%/VAR 21-17.06.33 | 1 700 000.00 | 1 184 325.40 | 0.18 |
| EUR	VODAFONE GROUP PLC-REG-S-SUB 2.625%/VAR 20-27.08.80 | 2 700 000.00 | 2 403 000.00 | 0.38 |
| EUR	WESTPAC BANKING CORP-REG-SUB 0.766%/VAR 21-13.05.31 | 4 200 000.00 | 3 598 523.46 | 0.56 |
| Total EUR |  | 35 350 759.66 | 5.53 |
| Total des Billets, taux variable |  | 35 350 759.66 | 5.53 |
| Medium-Term Notes, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 2.37500% 19-27.09.27 | 5 400 000.00 | 4 990 680.00 | 0.78 |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 3.00000% 19-27.03.31 | 4 900 000.00 | 4 383 050.00 | 0.69 |
| EUR	AKER BP ASA-REG-S 1.12500% 21-12.05.29 | 1 500 000.00 | 1 235 145.00 | 0.19 |
| EUR	ALLIANZ FINANCE II BV-REG-S 1.50000% 19-15.01.30 | 3 000 000.00 | 2 697 360.00 | 0.42 |
| EUR	ANGLO AMERICAN CAPITAL PLC-REG-S 1.62500% 17-18.09.25 | 4 200 000.00 | 3 984 225.00 | 0.62 |
| EUR	APRR SA-REG-S 1.62500% 17-13.01.32 | 2 700 000.00 | 2 347 450.20 | 0.37 |
| EUR	APT PIPELINES LTD-REG-S 2.00000% 20-15.07.30 | 3 300 000.00 | 2 806 801.80 | 0.44 |
| EUR	ASSICURAZIONI GENERALI SPA-REG-S-SUB 4.12500% 14-04.05.26 | 3 600 000.00 | 3 654 454.68 | 0.57 |
| EUR	BANCA INTESA SPA-REG-S 1.35000% 21-24.02.31 | 2 700 000.00 | 2 049 348.60 | 0.32 |
| EUR	BANCA INTESA SPA-REG-S 0.75000% 21-16.03.28 | 6 200 000.00 | 5 248 672.00 | 0.82 |
| EUR	BANCO BILBAO VIZCAYA ARGENTARIA-REG-S 0.37500% 19-02.10.24 | 5 400 000.00 | 5 137 074.00 | 0.80 |
| EUR	BANK OF AMERICA CORP-REG-S 1.37500% 15-26.03.25 | 7 700 000.00 | 7 405 706.00 | 1.16 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S 1.62500% 16-19.01.26 | 6 200 000.00 | 5 867 320.40 | 0.92 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S-SUB 2.37500% 16-24.03.26 | 7 300 000.00 | 7 036 251.00 | 1.10 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S-SUB 2.50000% 18-25.05.28 | 800 000.00 | 740 800.00 | 0.12 |
| EUR	BAXTER INTERNATIONAL INC 1.30000% 19-15.05.29 | 4 400 000.00 | 3 788 268.00 | 0.59 |
| EUR	BMW FINANCE NV-REG-S 1.50000% 19-06.02.29 | 700 000.00 | 641 261.60 | 0.10 |
| EUR	BMW FINANCE NV-REG-S 0.50000% 22-22.02.25 | 700 000.00 | 664 795.60 | 0.10 |
| EUR	BNP PARIBAS SA-REG-S-SUB 1.62500% 19-02.07.31 | 2 700 000.00 | 2 181 983.40 | 0.34 |
| EUR	BNP PARIBAS SA-REG-S 1.50000% 17-17.11.25 | 4 800 000.00 | 4 542 614.40 | 0.71 |
| EUR	BNP PARIBAS SA-REG-S 1.50000% 17-23.05.28 | 1 000 000.00 | 873 992.00 | 0.14 |
| EUR	BNP PARIBAS SA-REG-S 1.12500% 18-11.06.26 | 6 000 000.00 | 5 497 476.00 | 0.86 |
| EUR	BNP PARIBAS-REG-S 1.50000% 16-25.05.28 | 2 800 000.00 | 2 558 886.27 | 0.40 |
| EUR	BNP PARIBAS-REG-S 2.10000% 22-07.04.32 | 2 900 000.00 | 2 451 857.20 | 0.38 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 1.57300% 15-16.02.27 | 1 000 000.00 | 931 956.00 | 0.15 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 1.63700% 17-26.06.29 | 2 700 000.00 | 2 434 806.00 | 0.38 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 1.59400% 18-03.07.28 | 3 900 000.00 | 3 551 675.40 | 0.56 |
| EUR	CARLSBERG BREWERIES A/S-REG-S 0.62500% 20-09.03.30 | 2 300 000.00 | 1 885 425.00 | 0.29 |
| EUR	CELLNEX FINANCE CO SA -REG-S 1.25000% 21-15.01.29 | 800 000.00 | 654 566.40 | 0.10 |
| EUR	CELLNEX FINANCE CO SA-REG-S 1.50000% 21-08.06.28 | 600 000.00 | 508 490.40 | 0.08 |
| EUR	CIE DE SAINT-GOBAIN SA-REG-S 1.87500% 19-15.03.31 | 3 400 000.00 | 2 989 178.00 | 0.47 |
| EUR	CIE DE SAINT-GOBAIN-REG-S 1.12500% 18-23.03.26 | 2 800 000.00 | 2 607 600.80 | 0.41 |
| EUR	CITIGROUP INC-REG-S 1.50000% 16-26.10.28 | 2 400 000.00 | 2 108 265.68 | 0.33 |
| EUR	CREDIT AGRICOLE SA LONDON-REG-S 1.87500% 16-20.12.26 | 8 600 000.00 | 7 999 427.60 | 1.25 |
| EUR	CREDIT SUISSE AG/LONDON-REG-S 0.25000% 21-01.09.28 | 1 400 000.00 | 1 045 996.00 | 0.16 |
| EUR	CREDIT SUISSE GROUP AG-REG-S 0.65000% 19-10.09.29 | 6 400 000.00 | 4 243 072.00 | 0.66 |
| EUR	DAIMLER AG-REG-S 0.37500% 19-08.11.26 | 2 900 000.00 | 2 646 215.20 | 0.41 |
| EUR	DAIMLER AG-REG-S 1.12500% 19-06.11.31 | 4 000 000.00 | 3 377 200.00 | 0.53 |
| EUR	DAIMLER AG-REG-S 2.00000% 19-27.02.31 | 3 900 000.00 | 3 597 118.20 | 0.56 |
| EUR	DAIMLER AG-REG-S 2.37500% 20-22.05.30 | 1 800 000.00 | 1 727 049.60 | 0.27 |
| EUR	DEUTSCHE BAHN FINANCE GMBH-REG-S 0.75000% 20-16.07.35 | 2 300 000.00 | 1 713 187.20 | 0.27 |
| EUR	DEUTSCHE TELEKOM AG-REG-S 2.25000% 19-29.03.39 | 1 700 000.00 | 1 436 700.59 | 0.22 |
| EUR	DEUTSCHE TELEKOM INTL FINANCE BV-REG-S 1.50000% 16-03.04.28 | 5 000 000.00 | 4 634 550.00 | 0.72 |
| EUR	DEUTSCHE TELEKOM INTL FIN BV-REG-S 2.00000% 18-01.12.29 | 4 600 000.00 | 4 316 051.20 | 0.67 |
| EUR	E.ON INTERNATIONAL FINANCE BV-REG-S 5.75000% 03-14.02.33 | 1 300 000.00 | 1 495 356.19 | 0.23 |
| EUR	ENAGAS FINANCIACIONES SAU-REG-S 1.25000% 15-06.02.25 | 4 200 000.00 | 4 013 604.00 | 0.63 |
| EUR	ENGIE SA-REG-S 1.75000% 20-27.03.28 | 3 100 000.00 | 2 866 694.00 | 0.45 |
| EUR	ENGIE SA-REG-S 2.37500% 14-19.05.26 | 1 800 000.00 | 1 748 250.00 | 0.27 |
| EUR	ESB FINANCE DAC-REG-S 1.12500% 19-11.06.30 | 5 000 000.00 | 4 274 810.00 | 0.67 |
| EUR	EUROGRID GMBH-REG-S 1.50000% 16-18.04.28 | 7 200 000.00 | 6 521 004.00 | 1.02 |

UBS (Lux) Bond SICAV – EUR Corporates Sustainable (EUR) Rapport semestriel au 30 novembre 2022
|  | Dénomination | Nombre/ | Evaluation en EUR | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
|  |  |  |  |  |
| EUR | FORD MOTOR CREDIT CO LLC 3.02100% 19-06.03.24 | 2 600 000.00 | 2 544 152.00 | 0.40 |
| EUR | GECINA SA-REG-S 1.62500% 19-29.05.34 | 5 100 000.00 | 3 955 254.00 | 0.62 |
| EUR | GLOBAL SWITCH FINANCE BV-REG-S 1.37500% 20-07.10.30 | 2 400 000.00 | 2 033 289.60 | 0.32 |
| EUR | GOLDMAN SACHS GROUP INC 2.87500% 14-03.06.26 | 3 600 000.00 | 3 516 199.20 | 0.55 |
| EUR | GOLDMAN SACHS GROUP INC/THE-REG-S 2.12500% 14-30.09.24 | 3 100 000.00 | 3 046 649.00 | 0.48 |
| EUR | GOLDMAN SACHS GROUP INC-REG-S 1.62500% 16-27.07.26 | 5 000 000.00 | 4 699 010.01 | 0.73 |
| EUR | INFRASTRUTTURE WIRELESS ITALI SPA-REG-S 1.62500% 20-21.10.28 | 2 000 000.00 | 1 731 200.00 | 0.27 |
| EUR | ISS GLOBAL A/S-REG-S 2.12500% 14-02.12.24 | 2 400 000.00 | 2 341 497.60 | 0.37 |
| EUR | JPMORGAN CHASE & CO-REG-S 1.50000% 16-29.10.26 | 3 900 000.00 | 3 634 524.81 | 0.57 |
| EUR | KONINKLIJKE KPN NV-REG-S 1.12500% 16-11.09.28 | 1 800 000.00 | 1 600 239.60 | 0.25 |
| EUR | KONINKLIJKE KPN NV-REG-S 0.87500% 20-14.12.32 | 1 700 000.00 | 1 295 692.40 | 0.20 |
| EUR | KONINKLIJKE KPN NV-REG-S 0.87500% 21-15.11.33 | 6 000 000.00 | 4 501 212.00 | 0.70 |
| EUR | LANDESBANK BADEN-WUERTTEMBERG-REG-S-SUB 3.62500% 15-16.06.25 | 2 300 000.00 | 2 232 380.00 | 0.35 |
| EUR | LOGICOR FINANCING SARL-REG-S 3.25000% 18-13.11.28 | 3 900 000.00 | 3 379 537.20 | 0.53 |
| EUR | LOGICOR FINANCING SARL-REG-S 1.62500% 19-15.07.27 | 4 200 000.00 | 3 474 240.00 | 0.54 |
| EUR | MORGAN STANLEY 1.75000% 15-30.01.25 | 9 800 000.00 | 9 477 815.20 | 1.48 |
| EUR | MORGAN STANLEY 1.87500% 17-27.04.27 | 3 800 000.00 | 3 498 523.20 | 0.55 |
| EUR | ORANGE SA-REG-S 1.00000% 18-12.09.25 | 4 500 000.00 | 4 265 352.37 | 0.67 |
| EUR | ORANGE SA-REG-S 1.37500% 18-20.03.28 | 3 600 000.00 | 3 309 919.20 | 0.52 |
| EUR | ORIGIN ENERGY FINANCE LTD-REG-S 1.00000% 19-17.09.29 | 5 600 000.00 | 4 707 651.20 | 0.74 |
| EUR | P3 GROUP SARL-REG-S 0.87500% 22-26.01.26 | 3 700 000.00 | 3 054 732.50 | 0.48 |
| EUR | PROLOGIS INTERNATIONAL FUNDING II-REG-S 3.12500% 22-01.06.31 | 2 700 000.00 | 2 500 518.60 | 0.39 |
| EUR | REPSOL INTERNATIONAL FINANCE BV-REG-S 2.25000% 14-10.12.26 | 1 400 000.00 | 1 354 024.00 | 0.21 |
| EUR | REPSOL INTERNATIONAL FINANCE BV-REG-S 2.62500% 20-15.04.30 | 3 300 000.00 | 3 200 392.80 | 0.50 |
| EUR | SANOFI-REG-S 0.87500% 19-21.03.29 | 2 700 000.00 | 2 421 090.00 | 0.38 |
| EUR | SANOFI-REG-S 1.37500% 18-21.03.30 | 2 000 000.00 | 1 812 520.00 | 0.28 |
| EUR | SKANDINAVISKA ENSKILDA BANKEN AB-REG-S 0.37500% 20-11.02.27 | 3 000 000.00 | 2 634 102.00 | 0.41 |
| EUR | SKY PLC-REG-S 2.50000% 14-15.09.26 | 4 100 000.00 | 3 987 373.00 | 0.62 |
| EUR | SOCIETE GENERALE-REG-S 1.12500% 18-23.01.25 | 500 000.00 | 475 526.22 | 0.07 |
| EUR | SOCIETE GENERALE-REG-S 2.12500% 18-27.09.28 | 6 600 000.00 | 5 897 324.40 | 0.92 |
| EUR | SOCIETE GENERALE-REG-S 1.25000% 19-15.02.24 | 4 200 000.00 | 4 099 141.20 | 0.64 |
| EUR | TDC NET A/S-REG-S 5.05600% 22-31.05.28 | 1 300 000.00 | 1 272 050.00 | 0.20 |
| EUR | TELEFONICA EMISIONES SA-REG-S 1.46000% 16-13.04.26 | 4 000 000.00 | 3 779 912.00 | 0.59 |
| EUR | TELEFONICA EMISIONES SA-REG-S 0.66400% 20-03.02.30 | 3 600 000.00 | 2 990 095.20 | 0.47 |
| EUR | UBS AG LONDON BRANCH-REG-S 0.01000% 21-29.06.26 | 6 800 000.00 | 6 017 564.80 | 0.94 |
| EUR | UNIBAIL-RODAMCO SE-REG-S 1.37500% 15-15.04.30 | 400 000.00 | 322 793.60 | 0.05 |
| EUR | VEOLIA ENVIRONNEMENT SA-REG-S 1.25000% 20-15.04.28 | 2 200 000.00 | 1 987 031.20 | 0.31 |
| EUR | VERIZON COMMUNICATIONS INC 3.25000% 14-17.02.26 | 2 700 000.00 | 2 693 244.60 | 0.42 |
| EUR | VINCI SA-REG-S 1.62500% 19-18.01.29 | 4 000 000.00 | 3 710 288.00 | 0.58 |
| EUR | VODAFONE GROUP PLC-REG-S 1.60000% 16-29.07.31 | 6 400 000.00 | 5 507 878.40 | 0.86 |
| EUR | VODAFONE GROUP PLC-REG-S 1.50000% 17-24.07.27 | 4 500 000.00 | 4 192 425.00 | 0.66 |
| EUR | VONOVIA SE-REG-S 0.62500% 21-24.03.31 | 3 400 000.00 | 2 478 532.00 | 0.39 |
| Total EUR |  |  | 293 746 620.72 | 45.91 |
| Total des Medium-Term Notes, taux fixe |  | 293 746 620.72 | 45.91 |
| Medium-Term Notes, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	ALLIANZ SE-REG-S-SUB 4.750%/3M EURIBOR+360BP 13-PRP | 7 400 000.00 | 7 354 712.00 | 1.15 |
| EUR	AUSTRALIA & NEW ZEALAND BK-REG-S-SUB 0.669%/VAR 21-05.05.31 | 2 600 000.00 | 2 226 499.60 | 0.35 |
| EUR	AVIVA PLC-REG-S-SUB 3.375%/VAR 15-04.12.45 | 2 600 000.00 | 2 468 934.00 | 0.39 |
| EUR	AXA SA-REG-S-SUB 3.375%/VAR 16-06.07.47 | 3 800 000.00 | 3 564 369.60 | 0.56 |
| EUR	AXA SA-REG-S-SUB 3.941%/VAR 14-PRP | 5 300 000.00 | 5 175 980.00 | 0.81 |
| EUR	BANK OF AMERICA CORP 1.102%/VAR 21-24.05.32 | 5 400 000.00 | 4 262 876.43 | 0.67 |
| EUR	BARCLAYS PLC-REG-S 1.375%/VAR 18-24.01.26 | 1 300 000.00 | 1 216 017.40 | 0.19 |
| EUR	BNP PARIBAS SA-REG-S 1.125%/VAR 20-17.04.29 | 2 700 000.00 | 2 295 869.40 | 0.36 |
| EUR	BNP PARIBAS-REG-S 2.125%/VAR 19-23.01.27 | 400 000.00 | 375 671.20 | 0.06 |
| EUR	CAIXABANK SA-REG-S-SUB 3.750%/VAR 19-15.02.29 | 3 200 000.00 | 3 141 728.00 | 0.49 |
| EUR	CITIGROUP INC-SUB 4.250%/FLR 05-25.02.30 | 2 100 000.00 | 2 071 125.00 | 0.32 |
| EUR	COMMONWEALTH BK OF AUSTRLIA-REG-S-SUB 1.936%/VAR 17-03.10.29 | 7 600 000.00 | 7 190 132.00 | 1.12 |
| EUR	CREDIT SUISSE GROUP AG-REG-S 3.250%/VAR 20-02.04.26 | 2 600 000.00 | 2 336 448.40 | 0.37 |
| EUR	DANONE SA-REG-S-SUB 1.750%/VAR 17-PRP | 4 700 000.00 | 4 630 505.80 | 0.72 |
| EUR	DBS GROUP HOLDINGS LTD-REG-S-SUB 1.500%/VAR 18-11.04.28 | 5 400 000.00 | 5 328 666.00 | 0.83 |
| EUR	DEUTSCHE BANK AG-REG-S- 0.75000%/VAR 21-17.02.27 | 3 700 000.00 | 3 219 510.60 | 0.50 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 4 800 000.00 | 4 661 385.60 | 0.73 |
| EUR	ING GROEP NV-SUB 3.000%/VAR 17-11.04.28 | 4 600 000.00 | 4 571 489.20 | 0.71 |
| EUR	JPMORGAN CHASE & CO-REG-S 1.047%/VAR 19-04.11.32 | 4 900 000.00 | 3 841 090.40 | 0.60 |
| EUR	JPMORGAN CHASE & CO-REG-S 0.389%/3M EURIBOR+65BP 20-24.02.28 | 3 600 000.00 | 3 110 644.80 | 0.49 |
| EUR	LLOYDS BANKING GROUP PLC-REG-S 0.500%/VAR 19-12.11.25 | 3 300 000.00 | 3 081 276.00 | 0.48 |
| EUR	MBANK SA-REG-S 0.966%/VAR 21-21.09.27 | 4 400 000.00 | 3 347 575.00 | 0.52 |
| EUR	NORDEA BANK ABP-REG-S-SUB 3.500%/VAR 17-PRP | 1 400 000.00 | 1 335 250.00 | 0.21 |
| EUR	SVENSKA HANDELSBANKEN AB-REG-S-SUB 1.625%/VAR 18-05.03.29 | 7 800 000.00 | 7 507 749.60 | 1.17 |
| EUR	TOTAL SE-REG-S-SUB 2.625%/VAR 15-PRP | 2 900 000.00 | 2 743 962.60 | 0.43 |
| EUR	TOTAL SE-REG-S-SUB 3.369%/VAR 16-PRP | 2 200 000.00 | 2 081 750.00 | 0.33 |
| EUR	UBS GROUP AG-REG-S-SUB 0.250%/VAR 20-05.11.28 | 3 320 000.00 | 2 743 143.36 | 0.43 |
| Total EUR |  | 95 884 361.99 | 14.99 |
| Total des Medium-Term Notes, taux variable |  | 95 884 361.99 | 14.99 |
| Obligations, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	ABN AMRO BANK NV-REG-S 0.60000% 20-15.01.27 | 4 900 000.00 | 4 337 725.00 | 0.68 |
| EUR	ARGENTUM NETHERLANDS BV FOR GIV-REG-S 2.00000% 18-17.09.30 | 6 700 000.00 | 6 177 614.40 | 0.97 |
| EUR	AT&T INC 1.80000% 18-05.09.26 | 1 400 000.00 | 1 324 047.20 | 0.21 |
| EUR	AT&T INC 2.60000% 14-17.12.29 | 4 500 000.00 | 4 247 586.00 | 0.66 |
| EUR	AT&T INC 3.50000% 13-17.12.25 | 6 800 000.00 | 6 858 983.20 | 1.07 |
| EUR	COCA-COLA EUROPEAN PARTNERS PLC-REG-S 1.75000% 16-26.05.28 | 6 900 000.00 | 6 358 736.40 | 0.99 |
| EUR	CREDIT AGRICOLE SA-REG-S-SUB 2.62500% 15-17.03.27 | 2 800 000.00 | 2 660 201.60 | 0.42 |
| EUR	EUROPEAN INVESTMENT BANK-REG-S 0.25000% 22-20.01.32 | 35 200 000.00 | 28 594 931.20 | 4.47 |
| EUR	FCC AQUALIA SA-REG-S 2.62900% 17-08.06.27 | 3 000 000.00 | 2 774 670.00 | 0.43 |
| EUR	GIE PSA TRESORERIE 6.00000% 03-19.09.33 | 1 000 000.00 | 1 134 516.00 | 0.18 |
| EUR	LANDESBANK BADEN-WUERTTEMBERG-REG-S-SUB 2.87500% 16-28.09.26 | 1 800 000.00 | 1 684 890.00 | 0.26 |
| EUR	MOLSON COORS BREWING CO 1.25000% 16-15.07.24 | 8 300 000.00 | 8 013 533.80 | 1.25 |

UBS (Lux) Bond SICAV – EUR Corporates Sustainable (EUR) Rapport semestriel au 30 novembre 2022
|  | Dénomination | Nombre/ | Evaluation en EUR | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
|  |  |  |  |  |
| EUR | NOVARTIS FINANCE SA-REG-S 1.37500% 18-14.08.30 | 1 700 000.00 | 1 526 600.00 | 0.24 |
| EUR | PVH CORP-REG-S 3.62500% 16-15.07.24 | 3 800 000.00 | 3 772 412.00 | 0.59 |
| EUR | SAP SE-REG-S 0.37500% 20-18.05.29 | 4 600 000.00 | 3 956 653.20 | 0.62 |
| EUR | SAP SE-REG-S 1.62500% 18-10.03.31 | 2 200 000.00 | 1 990 832.80 | 0.31 |
| EUR | SOCIETE GENERALE-REG-S 0.75000% 20-25.01.27 | 1 600 000.00 | 1 395 874.69 | 0.22 |
| EUR | SVENSKA HANDELSBANKEN AB-REG-S 0.50000% 20-18.02.30 | 3 900 000.00 | 3 104 821.20 | 0.49 |
| EUR | THERMO FISHER SCIENTIFIC INC 1.37500% 16-12.09.28 | 2 100 000.00 | 1 907 724.00 | 0.30 |
| EUR | THERMO FISHER SCIENTIFIC INC 0.75000% 16-12.09.24 | 4 500 000.00 | 4 332 411.00 | 0.68 |
| EUR | VERIZON COMMUNICATIONS INC 1.87500% 17-26.10.29 | 6 000 000.00 | 5 403 480.00 | 0.84 |
| EUR | VERIZON COMMUNICATIONS INC 0.87500% 19-08.04.27 | 3 200 000.00 | 2 884 742.40 | 0.45 |
| EUR | VONOVIA FINANCE BV-REG-S 1.50000% 18-14.01.28 | 2 100 000.00 | 1 812 846.00 | 0.28 |
| EUR | WINTERSHALL DEA FINANCE BV-REG-S 1.33200% 19-25.09.28 | 2 100 000.00 | 1 757 427.00 | 0.27 |
| EUR | WINTERSHALL DEA FINANCE-REG-S 1.82300% 19-25.09.31 | 6 200 000.00 | 4 768 420.00 | 0.75 |
| Total EUR |  |  | 112 781 679.09 | 17.63 |
| Total des Obligations, taux fixe |  | 112 781 679.09 | 17.63 |
| Obligations, coupon zéro |  |  |  |
| EUR |  |  |  |
| EUR	THERMO FISHER SCIENTIFIC FINANCE 0.00000% 21-18.11.25 | 2 200 000.00 | 2 015 200.00 | 0.32 |
| EUR	ZUERCHER KANTONALBANK-REG-S 0.00000% 21-15.05.26 | 2 900 000.00 | 2 625 776.00 | 0.41 |
| Total EUR |  | 4 640 976.00 | 0.73 |
| Total des Obligations, coupon zéro |  | 4 640 976.00 | 0.73 |
| Obligations, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	ALLIANDER NV-REG-S-SUB 1.625%/VAR 18-PRP | 7 100 000.00 | 6 496 500.00 | 1.02 |
| EUR	ALLIANZ SE-REG-S-SUB 1.301%/3M EURIBOR+235BP 19-25.09.49 | 2 800 000.00 | 2 241 892.80 | 0.35 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 3.250%/VAR 20-PRP | 1 800 000.00 | 1 656 000.00 | 0.26 |
| EUR	DEUTSCHE BAHN FINANCE GMBH-REG-S-SUB 0.950%/VAR 19-PRP | 5 000 000.00 | 4 506 250.00 | 0.70 |
| EUR	ING GROEP NV-REG-S-SUB 2.000%/VAR 18-22.03.30 | 2 900 000.00 | 2 696 060.40 | 0.42 |
| EUR	RABOBANK NEDERLAND NV-REG-S-SUB 3.250%/VAR 19-PRP | 8 600 000.00 | 7 417 500.00 | 1.16 |
| EUR	SES SA-REG-S-SUB 2.875%/VAR 21-PRP | 3 300 000.00 | 2 637 030.00 | 0.41 |
| EUR	SOCIETE GENERALE SA-REG-S 0.875%/VAR 20-22.09.28 | 1 400 000.00 | 1 202 124.00 | 0.19 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.125%/VAR 18-PRP | 5 400 000.00 | 4 644 540.00 | 0.73 |
| EUR	ZUERCHER KANTONALBANK-REG-S-SUB 2.020%/VAR 22-13.04.28 | 4 410 000.00 | 4 047 057.00 | 0.63 |
| Total EUR |  | 37 544 954.20 | 5.87 |
| Total des Obligations, taux variable |  | 37 544 954.20 | 5.87 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 627 851 832.06 | 98.15 |
| Total du Portefeuille-titres |  | 627 851 832.06 | 98.15 |
| Contrats de change à terme |  |  |  |
| Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |  |

| CHF | 144 025 800.00 | EUR | 145 678 950.16 | 2.12.2022 | 1 136 484.39 | 0.18 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 795 574.39 | CHF | 782 500.00 | 2.12.2022 | -2 081.85 | 0.00 |
| CHF | 1 855 400.00 | EUR | 1 899 201.67 | 2.12.2022 | -7 864.44 | 0.00 |
| EUR | 293 849.43 | CHF | 288 000.00 | 2.12.2022 | 271.16 | 0.00 |
| CHF | 846 100.00 | EUR | 862 794.29 | 2.12.2022 | -306.19 | 0.00 |
| CHF | 1 809 600.00 | EUR | 1 843 598.16 | 2.12.2022 | 1 051.97 | 0.00 |
| CHF | 147 466 400.00 | EUR | 150 010 411.57 | 3.1.2023 | 551 739.78 | 0.08 |
| Total des Contrats de change à terme | 1 679 294.82 | 0.26 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 2 819 036.79 | 0.44 |
| Autres actifs et passifs | 7 344 178.86 | 1.15 |
| Total de l’Actif net | 639 694 342.53 | 100.00 |

UBS (Lux) Bond SICAV – EUR Corporates Sustainable (EUR) Rapport semestriel au 30 novembre 2022