# UBS (Lux) Bond SICAV
– Global SDG Corporates Sustainable (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2022 |
| Net assets in USD |  | 24 471 006.73 |
| Class I-X-acc 1 | LU2505553425 |  |
| Shares outstanding |  | 99 800.0000 |
| Net asset value per share in USD |  | 101.54 |
| Issue and redemption price per share in USD 2 |  | 101.54 |
| Class P-acc 1 | LU2525873498 |  |
| Shares outstanding |  | 100.0000 |
| Net asset value per share in USD |  | 101.45 |
| Issue and redemption price per share in USD 2 |  | 101.45 |
| Class Q-acc 1 | LU2525873571 |  |
| Shares outstanding |  | 100.0000 |
| Net asset value per share in USD |  | 101.48 |
| Issue and redemption price per share in USD 2 |  | 101.48 |
| Class U-X-acc 1 | LU2505553698 |  |
| Shares outstanding |  | 1 410.0000 |
| Net asset value per share in USD |  | 10 153.95 |
| Issue and redemption price per share in USD 2 |  | 10 153.95 |
| 1  First NAV: 27.10.2022 2  See note 1 |  |  |


### Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
United States	59.38
United Kingdom	7.43
Germany	5.91
The Netherlands	5.07
France	3.35
Australia	3.04
Japan	1.78
South Korea	1.59
Canada	1.46
Sweden	1.24
Supranationals	0.96
Luxembourg	0.96
Belgium	0.84
Cayman Islands	0.82
New Zealand	0.76
Norway	0.75
Ireland	0.58
Jersey	0.58
Finland	0.43
Denmark	0.40
Spain	0.39
Total	97.72
Economic Breakdown as a % of net assets	
Finance & holding companies	15.93
Countries & central governments	13.07
Banks & credit institutions	11.61
Pharmaceuticals, cosmetics & medical products	11.21
Energy & water supply	8.69
Food & soft drinks	5.03
Real Estate	4.58
Miscellaneous consumer goods	4.25
Electrical devices & components	2.85
Miscellaneous services	2.85
Biotechnology	2.77
Computer hardware & network equipment providers	2.19
Forestry, paper & pulp products	2.15
Supranational organisations	1.91
Internet, software & IT services	1.80
Electronics & semiconductors	1.59
Building industry & materials	1.00
Telecommunications	0.97
Traffic & transportation	0.91
Public, non-profit institutions	0.81
Vehicles	0.59
Miscellaneous trading companies	0.57
Mining, coal & steel	0.39
Total	97.72
UBS (Lux) Bond SICAV – Global SDG Corporates Sustainable (USD) Semi-Annual Report as of 30 November 2022

### Statement of Net Assets
Assets	30.11.2022
USD
Investments in securities, cost	23 480 482.13
| Investments in securities, unrealized appreciation (depreciation) | 	431 479.28	 |
| --- | --- |
| Total investments in securities (Note 1) | 23 911 961.41 |
| Cash at banks, deposits on demand and deposit accounts | 453 173.52 |
| Interest receivable on securities | 183 077.01 |
| Prepaid expenses | 2 209.69 |
| Total Assets | 24 550 421.63 |
|  |  |
| Liabilities |  |
| Unrealized loss on forward foreign exchange contracts (Note 1) | -78 678.75 |
| Provisions for flat fee (Note 2) | -11.95 |
| Provisions for taxe d’abonnement (Note 3) | -406.98 |
| Provisions for other commissions and fees (Note 2) | 	-317.22	 |
| Total provisions | -736.15 |
| Total Liabilities | -79 414.90 |
|  |  |
| Net assets at the end of the period | 24 471 006.73 |
| Statement of Operations | USD |
| Income | 27.10.2022-30.11.2022 |
| Interest on securities | 54 894.47 |
| Total income | 54 894.47 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -13.93 |
| Taxe d’abonnement (Note 3) | -406.98 |
| Other commissions and fees (Note 2) | -313.62 |
| Total expenses | -734.53 |
|  |  |
| Net income (loss) on investments | 54 159.94 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 858.00 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | 399.25 |
| Realized gain (loss) on forward foreign exchange contracts | -40 159.40 |
| Realized gain (loss) on foreign exchange | 2 948.41 |
| Total realized gain (loss) | -35 953.74 |
|  |  |
| Net realized gain (loss) of the period | 18 206.20 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 424 930.17 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | 6 549.11 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -78 678.75 |
| Total changes in unrealized appreciation (depreciation) | 352 800.53 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 371 006.73 |

UBS (Lux) Bond SICAV – Global SDG Corporates Sustainable (USD)
Semi-Annual Report as of 30 November 2022
| Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 27.10.2022-30.11.2022 |
| Net assets at the beginning of the period | 0.00 |
| Subscriptions | 	24 100 000.00	 |
| Total subscriptions | 24 100 000.00 |
| Net income (loss) on investments | 54 159.94 |
| Total realized gain (loss) | -35 953.74 |
| Total changes in unrealized appreciation (depreciation) | 	352 800.53	 |
| Net increase (decrease) in net assets as a result of operations | 371 006.73 |
| Net assets at the end of the period | 24 471 006.73 |
| Changes in the Number of Shares outstanding |  |
|  | 27.10.2022-30.11.2022 |
| Class | I-X-acc |
| Number of shares outstanding at the beginning of the period | 0.0000 |
| Number of shares issued | 99 800.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 99 800.0000 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 0.0000 |
| Number of shares issued | 100.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 100.0000 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 0.0000 |
| Number of shares issued | 100.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 100.0000 |
| Class | U-X-acc |
| Number of shares outstanding at the beginning of the period | 0.0000 |
| Number of shares issued | 1 410.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 1 410.0000 |

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

### Statement of Investments in Securities and other Net Assets as of 30 November 2022
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange Notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	AMPRION GMBH-REG-S 3.45000% 22-22.09.27 | 300 000.00 | 309 772.88 | 1.27 |
| EUR	NATIONAL GRID ELECTRICITY TRANS-REG-S 0.19000% 20-20.01.25 | 300 000.00 | 289 676.79 | 1.18 |
| EUR	RWE AG-REG-S 2.50000% 22-24.08.25 | 150 000.00 | 151 472.54 | 0.62 |
| Total EUR |  | 750 922.21 | 3.07 |
| GBP |  |  |  |
| GBP	ANGLIAN WATER SERVICES FINANCING PLC STEP-UP 98-21.08.23 | 100 000.00 | 120 859.44 | 0.49 |
| Total GBP |  | 120 859.44 | 0.49 |
| USD |  |  |  |
| USD	ABBOTT LABORATORIES 3.40000% 16-30.11.23 | 100 000.00 | 98 544.36 | 0.40 |
| USD	ABBOTT LABORATORIES 3.75000% 16-30.11.26 | 150 000.00 | 147 865.29 | 0.60 |
| USD	ABBVIE INC 4.25000% 18-14.11.28 | 300 000.00 | 292 495.03 | 1.19 |
| USD	ALEXANDRIA REAL ESTATE EQUITIES INC 3.45000% 17-30.04.25 | 200 000.00 | 193 137.56 | 0.79 |
| USD	AMGEN INC 3.20000% 17-02.11.27 | 150 000.00 | 141 221.65 | 0.58 |
| USD	APPLE INC 3.00000% 17-20.06.27 | 300 000.00 | 286 515.76 | 1.17 |
| USD	APTIV PLC 2.39600% 22-18.02.25 | 150 000.00 | 141 080.42 | 0.58 |
| USD	ASTRAZENECA FINANCE LLC 1.75000% 21-28.05.28 | 150 000.00 | 130 426.08 | 0.53 |
| USD	BECTON DICKINSON AND CO 3.70000% 17-06.06.27 | 300 000.00 | 286 558.72 | 1.17 |
| USD	BOSTON SCIENTIFIC CORP 4.00000% 18-01.03.28 | 150 000.00 | 144 967.21 | 0.59 |
| USD	BRISTOL-MYERS SQUIBB CO 3.20000% 20-15.06.26 | 150 000.00 | 144 082.59 | 0.59 |
| USD	CHURCH & DWIGHT CO INC 3.15000% 17-01.08.27 | 150 000.00 | 140 817.04 | 0.58 |
| USD	CLOROX CO 1.80000% 20-15.05.30 | 150 000.00 | 120 129.89 | 0.49 |
| USD	COLGATE-PALMOLIVE CO 3.10000% 22-15.08.27 | 200 000.00 | 191 487.78 | 0.78 |
| USD	CONAGRA BRANDS INC 4.30000% 18-01.05.24 | 100 000.00 | 98 785.27 | 0.40 |
| USD	DANONE-144A 2.94700% 16-02.11.26 | 200 000.00 | 186 221.53 | 0.76 |
| USD	DIGITAL REALTY TRUST LP 3.70000% 17-15.08.27 | 150 000.00 | 139 926.22 | 0.57 |
| USD	EDP FINANCE BV-144A 3.62500% 17-15.07.24 | 200 000.00 | 193 378.57 | 0.79 |
| USD	ELI LILLY & CO 3.37500% 19-15.03.29 | 200 000.00 | 189 902.56 | 0.78 |
| USD	EQUINIX INC 2.90000% 19-18.11.26 | 150 000.00 | 137 104.36 | 0.56 |
| USD	EUROPEAN INVESTMENT BANK 2.37500% 17-24.05.27 | 250 000.00 | 234 082.50 | 0.96 |
| USD	GENERAL MILLS INC 3.20000% 17-10.02.27 | 150 000.00 | 142 660.85 | 0.58 |
| USD	GENERAL MILLS INC 5.24100% 22-18.11.25 | 100 000.00 | 100 134.08 | 0.41 |
| USD	GILEAD SCIENCES INC 1.20000% 20-01.10.27 | 250 000.00 | 212 674.03 | 0.87 |
| USD	HCP INC 3.40000% 15-01.02.25 | 200 000.00 | 193 084.68 | 0.79 |
| USD	HEWLETT PACKARD ENTERPRISE CO STEP-UP/DOWN 16-15.10.25 | 150 000.00 | 149 828.05 | 0.61 |
| USD	HORMEL FOODS CORP 1.70000% 21-03.06.28 | 150 000.00 | 129 983.95 | 0.53 |
| USD	INTEL CORP 3.75000% 20-25.03.27 | 300 000.00 | 291 839.66 | 1.19 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 3.37500% 13-01.08.23 | 100 000.00 | 98 990.48 | 0.40 |
| USD	JM SMUCKER CO/THE 3.37500% 17-15.12.27 | 150 000.00 | 139 765.64 | 0.57 |
| USD	JOHNSON & JOHNSON 0.55000% 20-01.09.25 | 150 000.00 | 136 328.79 | 0.56 |
| USD	KELLOGG CO 3.40000% 17-15.11.27 | 150 000.00 | 140 797.17 | 0.58 |
| USD	KIMBERLY-CLARK CORP 1.05000% 20-15.09.27 | 250 000.00 | 214 338.38 | 0.88 |
| USD	KOMMUNALBANKEN AS-REG-S 0.50000% 21-21.10.24 | 200 000.00 | 184 716.45 | 0.75 |
| USD	KRAFT HEINZ FOODS CO 3.00000% 16-01.06.26 | 100 000.00 | 94 133.23 | 0.38 |
| USD	KREDITANSTALT FUER WIEDERAUFBAU 1.00000% 21-01.10.26 | 250 000.00 | 222 381.59 | 0.91 |
| USD	MASCO CORP 1.50000% 21-15.02.28 | 100 000.00 | 83 157.20 | 0.34 |
| USD	MEAD JOHNSON NUTRITION CO 4.12500% 15-15.11.25 | 200 000.00 | 197 151.37 | 0.81 |
| USD	MERCK & CO INC 1.70000% 21-10.06.27 | 150 000.00 | 134 312.16 | 0.55 |
| USD	MICROSOFT CORP 2.37500% 13-01.05.23 | 350 000.00 | 346 830.09 | 1.42 |
| USD	NEXTERA ENERGY CAPITAL HOLDINGS 1.87500% 21-15.01.27 | 150 000.00 | 133 718.20 | 0.55 |
| USD	NOVARTIS CAPITAL CORP 2.00000% 20-14.02.27 | 200 000.00 | 182 928.33 | 0.75 |
| USD	NVIDIA CORP 3.20000% 16-16.09.26 | 100 000.00 | 96 078.92 | 0.39 |
| USD	OWENS CORNING 4.20000% 14-01.12.24 | 100 000.00 | 97 845.33 | 0.40 |
| USD	PFIZER INC 3.45000% 19-15.03.29 | 200 000.00 | 189 576.73 | 0.77 |
| USD	PNC FINANCIAL SERVICS GROUP 2.20000% 19-01.11.24 | 150 000.00 | 142 768.11 | 0.58 |
| USD	PROCTER & GAMBLE CO 2.70000% 16-02.02.26 | 150 000.00 | 143 440.41 | 0.59 |
| USD	SANOFI 3.62500% 18-19.06.28 | 300 000.00 | 288 062.17 | 1.18 |
| USD	SHERWIN-WILLIAMS CO/THE 4.05000% 22-08.08.24 | 150 000.00 | 147 643.58 | 0.60 |
| USD	SHIRE ACQUISITIONS INVT IRELAND DAC 3.20000% 16-23.09.26 | 150 000.00 | 141 332.92 | 0.58 |
| USD	STATE BANK OF INDIA LONDON-REG-S 4.50000% 18-28.09.23 | 200 000.00 | 198 234.00 | 0.81 |
| USD	STEEL DYNAMICS INC 2.80000% 19-15.12.24 | 100 000.00 | 95 098.00 | 0.39 |
| USD	STRYKER CORP 3.65000% 18-07.03.28 | 150 000.00 | 143 244.40 | 0.59 |
| USD	SUMITOMO MITSUI FINANCIAL GROUP INC 0.50800% 21-12.01.24 | 200 000.00 | 189 416.38 | 0.77 |
| USD	SYSCO CORP 3.25000% 17-15.07.27 | 150 000.00 | 139 669.49 | 0.57 |
| USD	TOYOTA MOTOR CORP 2.35800% 19-02.07.24 | 150 000.00 | 144 614.42 | 0.59 |
| USD	UNILEVER CAPITAL CORP 2.90000% 17-05.05.27 | 200 000.00 | 187 376.68 | 0.77 |
| USD	VERIZON COMMUNICATIONS INC 3.87500% 19-08.02.29 | 250 000.00 | 236 308.03 | 0.97 |
| USD	VMWARE INC 1.00000% 21-15.08.24 | 100 000.00 | 93 112.80 | 0.38 |
| USD	WELLTOWER INC 4.00000% 15-01.06.25 | 200 000.00 | 195 205.45 | 0.80 |
| USD	XYLEM INC/NY 3.25000% 16-01.11.26 | 100 000.00 | 93 873.15 | 0.38 |
| Total USD |  | 10 131 385.74 | 41.40 |
| Total Notes, fixed rate |  | 11 003 167.39 | 44.96 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	CITIGROUP INC 1.678%/VAR 20-15.05.24 | 150 000.00 | 147 450.79 | 0.60 |
| USD	JPMORGAN CHASE & CO 0.768%/VAR 21-09.08.25 | 350 000.00 | 322 905.51 | 1.32 |
| USD	NATWEST GROUP PLC 2.359%/VAR 20-22.05.24 | 200 000.00 | 196 169.18 | 0.80 |
| Total USD |  | 666 525.48 | 2.72 |
| Total Notes, floating rate |  | 666 525.48 | 2.72 |

UBS (Lux) Bond SICAV – Global SDG Corporates Sustainable (USD)
Semi-Annual Report as of 30 November 2022
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Medium term notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	E.ON SE-REG-S 2.87500% 22-26.08.28 | 200 000.00 | 201 729.03 | 0.82 |
| EUR	EAST JAPAN RAILWAY CO-REG-S 2.61400% 22-08.09.25 | 100 000.00 | 100 997.62 | 0.41 |
| EUR	ELIA TRANSMISSION BELGIUM SA-REG-S 3.25000% 13-04.04.28 | 200 000.00 | 205 789.15 | 0.84 |
| EUR	ENBW INTERNATIONAL FINANCE BV-REG-S 4.04900% 22-22.11.29 | 35 000.00 | 36 745.75 | 0.15 |
| EUR	ENEL FINANCE INTERNATIONAL NV-REG-S 1.50000% 19-21.07.25 | 100 000.00 | 99 122.35 | 0.41 |
| EUR	ENGIE SA-REG-S 0.37500% 17-28.02.23 | 100 000.00 | 102 565.49 | 0.42 |
| EUR	NOVO NORDISK FINANCE NETHERLANDS-REG-S 0.75000% 22-31.03.25 | 300 000.00 | 294 140.94 | 1.20 |
| EUR	ORSTED AS-REG-S 2.25000% 22-14.06.28 | 100 000.00 | 97 724.08 | 0.40 |
| EUR	RED ELECTRICA FINANCIACIONES SAU-REG-S 1.25000% 18-13.03.27 | 100 000.00 | 96 276.40 | 0.39 |
| EUR	SCA HYGIENE AB-REG-S 1.12500% 15-05.03.25 | 100 000.00 | 98 277.01 | 0.40 |
| EUR	SCHNEIDER ELECTRIC SE-REG-S 0.87500% 15-11.03.25 | 100 000.00 | 98 500.03 | 0.40 |
| EUR	SVENSKA HANDELSBANKEN AB-REG-S 0.37500% 18-03.07.23 | 100 000.00 | 101 704.71 | 0.42 |
| EUR	TENNET HOLDING BV-REG-S 0.75000% 17-26.06.25 | 100 000.00 | 97 539.98 | 0.40 |
| EUR	VATTENFALL AB-REG-S 3.75000% 22-18.10.26 | 100 000.00 | 104 457.37 | 0.43 |
| EUR	VONOVIA SE-REG-S 0.37500% 21-16.06.27 | 100 000.00 | 85 935.00 | 0.35 |
| Total EUR |  | 1 821 504.91 | 7.44 |
| GBP |  |  |  |
| GBP	ANNINGTON FUNDING PLC-REG-S 2.64600% 17-12.07.25 | 100 000.00 | 109 637.83 | 0.45 |
| GBP	EVERSHOLT FUNDING PLC 6.35900% 10-02.12.25 | 100 000.00 | 121 931.46 | 0.50 |
| GBP	FONTERRA CO-OPERATIVE GRP-REG-S 9.37500% 08-04.12.23 | 150 000.00 | 185 989.40 | 0.76 |
| GBP	NETWORK RAIL MTN FINANCE PLC-REG-S 4.75000% 05-22.01.24 | 150 000.00 | 180 133.99 | 0.74 |
| GBP	UNITED UTILITIES WATER FIN PLC-REG-S 2.00000% 18-14.02.25 | 100 000.00 | 112 489.32 | 0.46 |
| GBP	VICINITY CENTRES TRUST-REG-S 3.37500% 16-07.04.26 | 200 000.00 | 220 780.95 | 0.90 |
| Total GBP |  | 930 962.95 | 3.81 |
| USD |  |  |  |
| USD	CDP FINANCIAL INC-REG-S 1.00000% 21-26.05.26 | 250 000.00 | 222 666.29 | 0.91 |
| USD	HENKEL AG & CO KGAA-REG-S 1.75000% 21-17.11.26 | 200 000.00 | 175 224.45 | 0.72 |
| USD	INDUSTRIAL BANK OF KOREA-REG-S 2.12500% 19-23.10.24 | 200 000.00 | 189 037.50 | 0.77 |
| USD	INTERNATIONAL FINANCE CORP 2.12500% 16-07.04.26 | 250 000.00 | 234 435.37 | 0.96 |
| USD	KOREA WATER RESOURCES CORP-REG-S 3.87500% 18-15.05.23 | 200 000.00 | 198 952.00 | 0.81 |
| USD	NEDERLANDSE FINANCIERINGS-MAAT-REG-S 2.75000% 19-20.02.24 | 200 000.00 | 194 965.64 | 0.80 |
| USD	SUN HUNG KAI PROPERTIES CAPITAL-REG-S 3.62500% 12-16.01.23 | 200 000.00 | 199 644.00 | 0.82 |
| Total USD |  | 1 414 925.25 | 5.79 |
| Total Medium term notes, fixed rate |  | 4 167 393.11 | 17.04 |
| Medium term notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 2.456%/VAR 19-22.10.25 | 300 000.00 | 282 272.74 | 1.15 |
| Total USD |  | 282 272.74 | 1.15 |
| Total Medium term notes, floating rate |  | 282 272.74 | 1.15 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	EUROGRID GMBH-REG-S 1.87500% 15-10.06.25 | 300 000.00 | 299 431.07 | 1.22 |
| Total EUR |  | 299 431.07 | 1.22 |
| GBP |  |  |  |
| GBP	NORTHUMBRIAN WATER FINANCE PLC-REG-S 1.62500% 16-11.10.26 | 100 000.00 | 105 144.09 | 0.43 |
| Total GBP |  | 105 144.09 | 0.43 |
| USD |  |  |  |
| USD	BIOGEN INC 4.05000% 15-15.09.25 | 150 000.00 | 146 218.80 | 0.60 |
| USD	DUKE ENERGY FLORIDA LLC 2.50000% 19-01.12.29 | 200 000.00 | 172 592.10 | 0.71 |
| USD	MIDAMERICAN ENERGY CO 3.65000% 19-15.04.29 | 150 000.00 | 141 396.62 | 0.58 |
| USD	NATIONAL AUSTRALIA BANK LTD/NY 3.62500% 18-20.06.23 | 250 000.00 | 248 357.50 | 1.01 |
| USD	NEDERLANDSE WATERSCHAPSBANK NV-REG-S 2.37500% 16-24.03.26 | 200 000.00 | 186 913.42 | 0.76 |
| USD	PECO ENERGY CO 3.15000% 15-15.10.25 | 200 000.00 | 192 210.03 | 0.79 |
| USD	SAN DIEGO GAS & ELECTRIC 2.50000% 16-15.05.26 | 200 000.00 | 185 794.43 | 0.76 |
| USD	SOUTHERN CALIFORNIA EDISON 4.70000% 22-01.06.27 | 200 000.00 | 197 382.64 | 0.81 |
| USD	VENTAS REALITY LP 3.50000% 15-01.02.25 | 100 000.00 | 95 945.44 | 0.39 |
| USD	WEYERHAEUSER CO 6.95000% 97-01.10.27 | 100 000.00 | 107 212.02 | 0.44 |
| Total USD |  | 1 674 023.00 | 6.85 |
| Total Bonds, fixed rate |  | 2 078 598.16 | 8.50 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 4.12500% 22-30.09.27 | 1 200 000.00 | 1 214 625.00 | 4.96 |
| Total USD |  | 1 214 625.00 | 4.96 |
| Total Treasury notes, fixed rate |  | 1 214 625.00 | 4.96 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 19 412 581.88 | 79.33 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Treasury bills, zero coupon |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 27.01.22-26.01.23 | 1 000 000.00 | 993 692.22 | 4.06 |
| USD	AMERICA, UNITED STATES OF TB 0.00000% 18.08.22-16.02.23 | 1 000 000.00 | 991 174.59 | 4.05 |
| Total USD |  | 1 984 866.81 | 8.11 |
| Total Treasury bills, zero coupon |  | 1 984 866.81 | 8.11 |
| UBS (Lux) Bond SICAV – Global SDG Corporates Sustainable (USD) |  |  |  |
| Semi-Annual Report as of 30 November 2022 |  |  |  |

| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |

Notes, fixed rate
| USD |  |
| --- | --- |
| USD | BAXTER INTERNATIONAL INC 2.27200% 22-01.12.28 | 350 000.00 | 302 384.56 | 1.24 |
| USD | CANADIAN IMPERIAL BANK OF COMMERCE 0.95000% 20-23.10.25 | 150 000.00 | 134 647.10 | 0.55 |
| USD | CSL FINANCE PLC-144A 3.85000% 22-27.04.27 | 300 000.00 | 287 617.35 | 1.18 |
| USD | ELECTRICITE DE FRANCE SA-144A 3.62500% 15-13.10.25 | 150 000.00 | 144 680.01 | 0.59 |
| USD | EMD FINANCE LLC-144A 3.25000% 15-19.03.25 | 200 000.00 | 192 376.13 | 0.79 |
| USD | HYUNDAI CAPITAL AMERICA-144A 1.00000% 21-17.09.24 | 150 000.00 | 137 758.41 | 0.56 |
| USD | JDE PEET’S NV-144A 0.80000% 21-24.09.24 | 150 000.00 | 136 781.69 | 0.56 |
| USD | METROPOLITAN LIFE GLOBAL FUNDING-144A 0.95000% 20-02.07.25 | 150 000.00 | 135 596.02 | 0.55 |
| USD | NESTLE HOLDINGS INC-144A 3.35000% 18-24.09.23 | 150 000.00 | 148 459.26 | 0.61 |
| USD | ROCHE HOLDINGS INC-144A 0.99100% 21-05.03.26 | 200 000.00 | 178 842.41 | 0.73 |
| USD | SCENTRE GROUP TRUST 1 / 2-144A 3.75000% 17-23.03.27 | 300 000.00 | 275 816.29 | 1.13 |
| USD | UPM-KYMMENE CORP-144A 7.45000% 97-26.11.27 | 100 000.00 | 106 406.64 | 0.43 |
| Total USD |  |  | 2 181 365.87 | 8.92 |
| Total Notes, fixed rate |  | 2 181 365.87 | 8.92 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	FIFTH THIRD BANCORP 1.707%/VAR 21-01.11.27 | 100 000.00 | 88 498.44 | 0.36 |
| Total USD |  | 88 498.44 | 0.36 |
| Total Notes, floating rate |  | 88 498.44 | 0.36 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	MYLAN INC 4.20000% 13-29.11.23 | 150 000.00 | 148 128.38 | 0.61 |
| Total USD |  | 148 128.38 | 0.61 |
| Total Bonds, fixed rate |  | 148 128.38 | 0.61 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 4 402 859.50 | 18.00 |

Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market
Notes, fixed rate
| USD |  |
| --- | --- |
| USD | ROYALTY PHARMA PLC 0.75000% 21-02.09.23 | 100 000.00 | 96 520.03 | 0.39 |
| Total USD |  |  | 96 520.03 | 0.39 |
| Total Notes, fixed rate | 96 520.03 | 0.39 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market | 96 520.03 | 0.39 |
| Total investments in securities | 23 911 961.41 | 97.72 |
| Forward Foreign Exchange contracts |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |

| USD | 2 779 286.13 | EUR | 2 750 000.00 | 6.12.2022 | -52 473.57 | -0.21 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 1 164 241.40 | GBP | 1 000 000.00 | 6.12.2022 | -26 693.09 | -0.11 |
| USD | 67 420.41 | EUR | 65 000.00 | 6.12.2022 | 487.91 | 0.00 |
| Total Forward Foreign Exchange contracts | -78 678.75 | -0.32 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 453 173.52 | 1.85 |
| Other assets and liabilities | 184 550.55 | 0.75 |
| Total net assets | 24 471 006.73 | 100.00 |

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

Translation (ENFR, 2022-11-30):
# UBS (Lux) Bond SICAV
– Asian Investment Grade Bonds Sustainable (USD)
| Données principales |  |
| --- | --- |
|  | ISIN | 30.11.2022 | 31.5.2022 | 31.5.2021 |
| Actif net en USD |  | 106 931 374.15 | 133 158 299.76 | 89 439 023.89 |
| Catégorie I-B-acc | LU1377678567 |  |  |  |
| Actions en circulation |  | 132 407.0000 | 184 428.0000 | 142 946.0000 |
| Valeur nette d’inventaire par action en USD |  | 113.89 | 118.12 | 128.30 |
| Prix d’émission et de rachat par action en USD 1 |  | 114.19 | 118.12 | 128.30 |
| Catégorie U-X-acc | LU1377216947 |  |  |  |
| Actions en circulation |  | 8 028.7420 | 9 389.7600 | 5 522.0000 |
| Valeur nette d’inventaire par action en USD |  | 11 440.32 | 11 861.19 | 12 875.47 |
| Prix d’émission et de rachat par action en USD 1 |  | 11 470.06 | 11 861.19 | 12 875.47 |
| 1  Voir note 1 |  |  |  |  |


## Structure du portefeuille-titres
Répartition géographique en % de l’actif net	
| Iles Caïmans | 14.54 |
| --- | --- |
| Hong Kong | 13.09 |
| Îles Vierges britanniques | 12.16 |
| Chine | 10.58 |
| Indonésie | 8.14 |
| Corée du Sud | 7.60 |
| Singapour | 7.54 |
| Etats-Unis | 5.19 |
| Inde | 4.29 |
| Philippines | 3.78 |
| Thaïlande | 2.80 |
| Japon | 2.54 |
| Malaisie | 1.75 |
| Grande-Bretagne | 1.24 |
| Macao | 0.27 |
| France | 0.23 |
| Total | 95.74 |

Répartition économique en % de l’actif net	
| Etablissements financiers et sociétés de participation | 30.86 |
| --- | --- |
| Banques & instituts de crédit | 23.42 |
| Gouvernements nationaux et centraux | 12.66 |
| Internet, logiciels et services informatiques | 4.31 |
| Emetteurs d’obligations sécurisées (Pfandbriefe) et |  |
| sociétés de refinancement | 3.25 |
| Services divers | 3.19 |
| Chimie | 2.95 |
| Pétrole | 2.61 |
| Industrie graphique, édition et médias | 2.37 |
| Télécommunications | 2.30 |
| Immobilier | 1.99 |
| Diverses sociétés commerciales | 1.42 |
| Trafic et transport | 0.96 |
| Industrie minière, charbon et acier | 0.88 |
| Villes, communes | 0.79 |
| Distribution d’énergie & d’eau | 0.70 |
| Alimentation & softs | 0.61 |
| Equipement informatique et de réseau | 0.47 |
| Total | 95.74 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds Sustainable (USD)
Rapport semestriel au 30 novembre 2022

## Etat des actifs nets
Actif	30.11.2022
USD
Portefeuille-titres, cours d’achat	113 041 390.62
| Portefeuille-titres, plus- (moins-) value non-réalisée | 	-10 665 744.40	 |
| --- | --- |
| Total portefeuille-titres (note 1) | 102 375 646.22 |
| Avoirs en banque, dépôts à vue et à terme | 3 891 887.88 |
| Autres liquidités (marges) | 390 612.56 |
| A recevoir sur ventes de titres (note 1) | 2 688 192.35 |
| Intérêts à recevoir sur titres | 846 142.76 |
| Frais payés d’avance | 21 517.94 |
| Bénéfice non réalisé sur contrats financiers à terme (note 1) | 8 627.73 |
| Total Actif | 110 222 627.44 |
|  |  |
| Passif |  |
| Crédit en compte courant | -137 580.12 |
| A payer sur achats de titres (note 1) | -3 143 075.32 |
| Provisions pour commission de gestion forfaitaire (note 2) | -821.85 |
| Provisions pour taxe d’abonnement (note 3) | -1 772.51 |
| Provisions pour autres commissions et frais (note 2) | 	-8 003.49	 |
| Total des Provisions pour frais | -10 597.85 |
| Total Passif | -3 291 253.29 |
|  |  |
| Actifs nets à la fin de la période | 106 931 374.15 |
| Etat des opérations | USD |
| Revenus | 1.6.2022-30.11.2022 |
| Revenus d’intérêts sur liquidités | 29 736.42 |
| Intérêts sur titres | 1 938 997.98 |
| Revenus nets sur prêts de titres (note 11) | 40 726.52 |
| Autres revenus (note 4) | 36 876.28 |
| Total des Revenus | 2 046 337.20 |
|  |  |
| Charges |  |
| Commission de gestion forfaitaire (note 2) | -6 068.03 |
| Taxe d’abonnement (note 3) | -5 680.70 |
| Autres commissions et frais (note 2) | -7 842.62 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -1 085.36 |
| Total des Charges | -20 676.71 |
|  |  |
| Revenus (Pertes) net(te)s des investissements | 2 025 660.49 |
|  |  |
| Bénéfices (pertes) réalisé(e)s (note 1) |  |
| Bénéfice (perte) réalisé(e) sur titres évalués à la valeur de marché hors options | -7 361 038.49 |
| Bénéfice (perte) réalisé(e) sur contrats financiers à terme | -1 019 302.88 |
| Bénéfice (perte) réalisé(e) de change réalisé(e) | -2 551.74 |
| Total des Bénéfices (pertes) réalisé(e)s | -8 382 893.11 |
|  |  |
| Bénéfice (perte) net(te) réalisé(e) au cours de la période | -6 357 232.62 |
|  |  |
| Variations des plus- (moins-) values non-réalisées (note 1) |  |
| Plus- (Moins-) value non réalisée sur titres évalués à la valeur de marché hors options | 1 283 947.92 |
| Plus- (Moins-) value non réalisée sur contrats financiers à terme | 132 604.32 |
| Total des Variations des plus- (moins-) values non-réalisées | 1 416 552.24 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | -4 940 680.38 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds Sustainable (USD) Rapport semestriel au 30 novembre 2022
| Variations de l’actif net |  |
| --- | --- |
|  | USD |
|  | 1.6.2022-30.11.2022 |
| Actif net au début de la période | 133 158 299.76 |
| Souscriptions | 2 560 994.01 |
| Rachats | 	-23 847 239.24	 |
| Souscriptions (Rachats) net(te)s | -21 286 245.23 |
| Revenus (Pertes) net(te)s des investissements | 2 025 660.49 |
| Total des Bénéfices (pertes) réalisé(e)s | -8 382 893.11 |
| Total des Variations des plus- (moins-) values non-réalisées | 	1 416 552.24	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | -4 940 680.38 |
| Actifs nets à la fin de la période | 106 931 374.15 |
| Evolution des actions en circulation |  |
|  | 1.6.2022-30.11.2022 |
| Catégorie | I-B-acc |
| Nombre d’actions en circulation au début de la période | 184 428.0000 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -52 021.0000 |
| Nombre d’actions en circulation à la fin de la période | 132 407.0000 |
| Catégorie | U-X-acc |
| Nombre d’actions en circulation au début de la période | 9 389.7600 |
| Nombre d’actions émises | 222.9820 |
| Nombre d’actions rachetées | -1 584.0000 |
| Nombre d’actions en circulation à la fin de la période | 8 028.7420 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds Sustainable (USD)
Rapport semestriel au 30 novembre 2022

## Etat du portefeuille-titres et autres actifs nets au 30 novembre 2022
| Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
| Titres et instruments du marché monétaire négociés sur une bourse officielle |  |  |  |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	ADANI PORTS & SPL ECO ZONE LTD-REG-S 5.00000% 21-02.08.41 | 600 000.00 | 424 612.50 | 0.40 |
| USD	AIRPORT AUTHORITY-REG-S 3.25000% 22-12.01.52 | 1 150 000.00 | 840 508.77 | 0.79 |
| USD	ALIBABA GROUP HOLDING LTD 3.60000% 15-28.11.24 | 200 000.00 | 192 286.00 | 0.18 |
| USD	ALIBABA GROUP HOLDING LTD 2.80000% 17-06.06.23 | 700 000.00 | 690 711.00 | 0.65 |
| USD	ALIBABA GROUP HOLDING LTD 3.15000% 21-09.02.51 | 850 000.00 | 541 033.50 | 0.51 |
| USD	AMBER CIRCLE FUNDING LTD-REG-S 3.25000% 12-04.12.22 | 1 290 000.00 | 1 289 742.00 | 1.21 |
| USD	BAIDU INC 3.07500% 20-07.04.25 | 250 000.00 | 234 757.50 | 0.22 |
| USD	BAIDU INC 4.12500% 15-30.06.25 | 750 000.00 | 720 712.50 | 0.67 |
| USD	BHARTI AIRTEL LTD-REG-S 4.37500% 15-10.06.25 | 800 000.00 | 773 150.00 | 0.72 |
| USD	CITIC LTD-REG-S 6.80000% 12-17.01.23 | 500 000.00 | 500 990.00 | 0.47 |
| USD	CK HUTCHISON INTERNATIONAL 20 LTD-REG-S 2.50000% 20-08.05.30 | 250 000.00 | 210 206.94 | 0.20 |
| USD	CK HUTCHISON INTNL 17 II LTD-REG-S 2.75000% 17-29.03.23 | 1 500 000.00 | 1 489 300.80 | 1.39 |
| USD	CNAC HK FINBRIDGE CO LTD-REG-S 5.12500% 18-14.03.28 | 600 000.00 | 566 925.00 | 0.53 |
| USD	CNAC HK FINBRIDGE CO LTD-REG-S 3.00000% 20-22.09.30 | 200 000.00 | 159 966.00 | 0.15 |
| USD	FRANSHION BRILLIANT LTD-REG-S 4.25000% 19-23.07.29 | 200 000.00 | 130 725.00 | 0.12 |
| USD	HAIDILAO INTERNATIONAL HOLDING-REG-S 2.15000% 21-14.01.26 | 400 000.00 | 334 000.00 | 0.31 |
| USD	HKT CAPITAL NO 4 LTD-REG-S 3.00000% 16-14.07.26 | 1 500 000.00 | 1 382 801.90 | 1.29 |
| USD	HUARONG FINANCE 2017 CO-REG-S 4.75000% 17-27.04.27 | 1 000 000.00 | 843 000.00 | 0.79 |
| USD	INDOFOOD CBP SUKSES MAKMUR TBK PT-REG-S 3.39800% 21-09.06.31 | 400 000.00 | 322 000.00 | 0.30 |
| USD	INDONESIA, REPUBLIC OF 4.10000% 18-24.04.28 | 1 500 000.00 | 1 461 843.75 | 1.37 |
| USD	INDONESIA, REPUBLIC OF 3.70000% 19-30.10.49 | 1 775 000.00 | 1 360 289.00 | 1.27 |
| USD	INDONESIA, REPUBLIC OF 4.65000% 22-20.09.32 | 625 000.00 | 614 131.25 | 0.57 |
| USD	INDONESIA, REPUBLIC OF-REG-S 5.25000% 12-17.01.42 | 200 000.00 | 195 662.50 | 0.18 |
| USD	KOREA NATIONAL OIL CORP-REG-S 2.62500% 16-14.04.26 | 300 000.00 | 276 806.25 | 0.26 |
| USD	KOREA NATIONAL OIL CORP-REG-S 2.62500% 22-18.04.32 | 300 000.00 | 239 688.00 | 0.22 |
| USD	LENOVO GROUP LTD-REG-S 3.42100% 20-02.11.30 | 400 000.00 | 307 950.00 | 0.29 |
| USD	LENOVO GROUP LTD-REG-S 6.53600% 22-27.07.32 | 200 000.00 | 191 748.00 | 0.18 |
| USD	LEVC FINANCE LTD-REG-S 1.37500% 21-25.03.24 | 1 600 000.00 | 1 519 808.00 | 1.42 |
| USD	LG CHEM LTD-REG-S 2.37500% 21-07.07.31 | 1 250 000.00 | 973 612.50 | 0.91 |
| USD	MALAYSIA SOVEREIGN SUKUK BHD-REG-S 3.04300% 15-22.04.25 | 800 000.00 | 771 900.00 | 0.72 |
| USD	MEITUAN DIANPING-REG-S 3.05000% 20-28.10.30 | 1 396 000.00 | 1 029 375.50 | 0.96 |
| USD	NORINCHUKIN BANK/THE REG-S 4.86700% 22-14.09.27 | 200 000.00 | 198 281.42 | 0.19 |
| USD	NORINCHUKIN BANK/THE-REG-S 5.07100% 22-14.09.32 | 200 000.00 | 196 620.36 | 0.18 |
| USD	PERUSAHAAN PENERBIT SBSN INDONESI-REG-S 4.40000% 22-06.06.27 | 1 500 000.00 | 1 475 906.25 | 1.38 |
| USD	PHILIPPINES, REPUBLIC OF THE 5.60900% 22-13.04.33 | 300 000.00 | 316 158.00 | 0.30 |
| USD	PHILIPPINES, REPUBLIC OF THE 5.17000% 22-13.10.27 | 825 000.00 | 841 590.75 | 0.79 |
| USD	POSCO-REG-S 4.50000% 22-04.08.27 | 1 000 000.00 | 936 970.00 | 0.88 |
| USD	RELIANCE INDUSTRIES LTD-REG-S 2.87500% 22-12.01.32 | 1 150 000.00 | 944 403.00 | 0.88 |
| USD	RELIANCE INDUSTRIES LTD-REG-S 3.62500% 22-12.01.52 | 750 000.00 | 506 859.37 | 0.47 |
| USD	SHINHAN BANK CO LTD-REG-S 3.87500% 18-05.11.23 | 400 000.00 | 395 220.00 | 0.37 |
| USD	SHINHAN CARD CO LTD-REG-S 2.50000% 22-27.01.27 | 750 000.00 | 648 090.00 | 0.61 |
| USD	STATE BANK OF INDIA LONDON-REG-S 4.87500% 14-17.04.24 | 1 200 000.00 | 1 188 225.00 | 1.11 |
| USD	STATE BANK OF INDIA LONDON-REG-S 4.37500% 19-24.01.24 | 1 100 000.00 | 1 083 706.25 | 1.01 |
| USD	STATE BANK OF INDIA LONDON-REG-S 4.50000% 18-28.09.23 | 250 000.00 | 247 792.50 | 0.23 |
| USD	SUMITOMO MITSUI TRUST BANK LTD-REG-S 4.95000% 22-15.09.27 | 1 100 000.00 | 1 089 347.71 | 1.02 |
| USD	TENCENT HOLDINGS LTD-REG-S 3.28000% 19-11.04.24 | 300 000.00 | 291 054.00 | 0.27 |
| USD	TSMC GLOBAL LTD-REG-S 2.25000% 21-23.04.31 | 1 650 000.00 | 1 333 843.50 | 1.25 |
| USD	WOORI BANK-REG-S 1.75000% 21-23.03.26 | 1 500 000.00 | 1 318 260.00 | 1.23 |
| Total USD |  | 33 602 572.27 | 31.42 |
| Total des Billets, taux fixe |  | 33 602 572.27 | 31.42 |
| Billets, taux variable |  |  |  |
| USD |  |  |  |
| USD	BANGKOK BANK -REG-S-SUB 3.466%/VAR 21-23.09.36 | 700 000.00 | 549 843.00 | 0.51 |
| USD	IND & COM BK CHINA MACAU-REG-S-SUB 2.875%/VAR 19-12.09.29 | 300 000.00 | 285 018.00 | 0.27 |
| USD	OVERSEA-CHINESE BKNG-REG-S-SUB 1.832%/VAR 20-10.09.30 | 2 375 000.00 | 2 121 065.00 | 1.98 |
| Total USD |  | 2 955 926.00 | 2.76 |
| Total des Billets, taux variable |  | 2 955 926.00 | 2.76 |
| Medium-Term Notes, taux fixe |  |  |  |
| USD |  |  |  |
| USD	BANGKOK BANK PCL/HONG KONG-REG-S 4.30000% 22-15.06.27 | 400 000.00 | 386 240.00 | 0.36 |
| USD	BANGKOK BANK PUBLIC CO LTD-REG-S 5.00000% 13-03.10.23 | 700 000.00 | 697 943.75 | 0.65 |
| USD	BANK MANDIRI PERSERO TBK PT-REG-S 4.75000% 20-13.05.25 | 1 200 000.00 | 1 169 100.00 | 1.09 |
| USD	BANK OF CHINA LTD/PARIS 0.95000% 20-21.09.23 | 250 000.00 | 242 265.00 | 0.23 |
| USD	BANK OF CHINA/HONG KONG-REG-S 3.62500% 19-17.04.29 | 200 000.00 | 187 604.00 | 0.18 |
| USD	BANK OF EAST ASIA LTD-REG-S-SUB 4.00000% 20-29.05.30 | 250 000.00 | 222 500.00 | 0.21 |
| USD	BANKOK BANK PCL HONG KONG-REG-S 4.05000% 18-19.03.24 | 200 000.00 | 196 662.50 | 0.18 |
| USD	BDO UNIBANK INC-REG-S 2.95000% 17-06.03.23 | 500 000.00 | 494 781.25 | 0.46 |
| USD	BDO UNIBANK INC-REG-S 2.12500% 20-13.01.26 | 250 000.00 | 225 000.00 | 0.21 |
| USD	BOC AVIATION LTD-REG-S 3.50000% 19-10.10.24 | 300 000.00 | 285 372.00 | 0.27 |
| USD	BOC AVIATION LTD-REG-S 4.00000% 19-25.01.24 | 1 000 000.00 | 976 760.00 | 0.91 |
| USD	BOC AVIATION LTD-REG-S 2.75000% 20-02.12.23 | 800 000.00 | 775 328.00 | 0.73 |
| USD	BOCOM LEASING MGT HONG KONG-REG-S 4.37500% 19-22.01.24 | 1 500 000.00 | 1 478 250.00 | 1.38 |
| USD	BOCOM LEASING MGT HONG KONG-REG-S 1.75000% 20-14.07.23 | 1 000 000.00 | 978 210.00 | 0.91 |
| USD	CDBL FUNDING 1-REG-S 3.50000% 20-24.10.27 | 900 000.00 | 822 195.00 | 0.77 |
| USD	CDBL FUNDING 2-REG-S 2.00000% 21-04.03.26 | 1 200 000.00 | 1 081 632.00 | 1.01 |
| USD	CHINA CINDA 2020 I MANAGEMENT LTD-REG-S 3.12500% 20-18.03.30 | 1 200 000.00 | 968 640.00 | 0.91 |
| USD	CITIC LTD-REG-S 2.85000% 20-25.02.30 | 200 000.00 | 167 304.00 | 0.16 |
| USD	CITIC LTD-REG-S 3.50000% 22-17.02.32 | 1 375 000.00 | 1 166 440.00 | 1.09 |
| USD	CK PROPERTY FINANCE MTN LTD-REG-S 0.75000% 21-30.06.24 | 800 000.00 | 744 896.00 | 0.70 |
| USD	CMB INTERNATIONAL LEASING MGT LTD-REG-S 2.75000% 20-12.08.30 | 1 275 000.00 | 969 637.50 | 0.91 |
| USD	FAR EAST HORIZON LTD-REG-S 3.37500% 20-18.02.25 | 800 000.00 | 657 650.00 | 0.62 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds Sustainable (USD) Rapport semestriel au 30 novembre 2022
|  | Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
|  |  |  |  |  |
| USD | GC TREASURY CENTER CO LTD-REG-S 4.30000% 21-18.03.51 | 325 000.00 | 228 373.44 | 0.21 |
| USD | GC TREASURY CENTER CO LTD-REG-S 5.20000% 22-30.03.52 | 300 000.00 | 239 962.50 | 0.22 |
| USD | GLP CHINA HOLDINGS LTD-REG-S 2.95000% 21-29.03.26 | 200 000.00 | 126 412.50 | 0.12 |
| USD | HONG KONG GOVERNMEN INT BD-REG-S 0.62500% 21-02.02.26 | 1 000 000.00 | 896 200.05 | 0.84 |
| USD | HUARONG FINANCE-REG-S 4.50000% 19-29.05.29 | 450 000.00 | 357 131.25 | 0.33 |
| USD | ICBCIL FINANCE CO LTD-REG-S 3.62500% 16-19.05.26 | 250 000.00 | 237 859.37 | 0.22 |
| USD | ICBCIL FINANCE CO LTD-REG-S 1.62500% 21-02.11.24 | 1 200 000.00 | 1 113 324.00 | 1.04 |
| USD | INDONESIA, REPUBLIC OF-REG-S 4.75000% 17-18.07.47 | 350 000.00 | 316 815.63 | 0.30 |
| USD | INDUSTRIAL & COMME BK OF CHINA/HK-REG-S 1.20000% 20-20.07.25 | 800 000.00 | 726 296.00 | 0.68 |
| USD | INDUSTRIAL COMMERCIAL BANK CHINA-REG-S 1.20000% 20-09.09.25 | 325 000.00 | 293 611.50 | 0.27 |
| USD | INDUSTRIAL COMMERCIAL BANK CHINA-REG-S 1.00000% 20-09.09.23 | 500 000.00 | 485 240.00 | 0.45 |
| USD | INVENTIVE GLOBAL INVESTMENTS LTD-REG-S 1.65000% 20-03.09.25 | 3 135 000.00 | 2 822 783.47 | 2.64 |
| USD | KASIKORNBANK PCL/HONG KONG-REG-S 3.25600% 18-12.07.23 | 1 385 000.00 | 1 368 812.81 | 1.28 |
| USD | NAN FUNG TREASURY LTD-REG-S 3.62500% 20-27.08.30 | 530 000.00 | 397 295.91 | 0.37 |
| USD | PERTAMINA PERSERO PT-REG-S 4.70000% 19-30.07.49 | 1 000 000.00 | 826 437.50 | 0.77 |
| USD | PERTAMINA PT-REG-S 6.45000% 14-30.05.44 | 450 000.00 | 457 396.88 | 0.43 |
| USD | PTT TREASURY CENTER CO LTD-REG-S 4.50000% 19-25.10.42 | 353 000.00 | 285 224.00 | 0.27 |
| USD | REC LTD-REG-S 2.25000% 21-01.09.26 | 850 000.00 | 746 565.62 | 0.70 |
| USD | RHB BANK BHD-REG-S 3.76600% 19-19.02.24 | 930 000.00 | 911 574.38 | 0.85 |
| USD | SHINHAN FIN GROUP CO LTD-REG-S 1.35000% 20-10.01.26 | 1 025 000.00 | 907 934.75 | 0.85 |
| USD | SIAM COMMERCIAL BK CAYMAN ISLAND-REG-S 2.75000% 17-16.05.23 | 1 164 000.00 | 1 151 487.00 | 1.08 |
| USD | SIAM COMMERCIAL BK CAYMAN ISLAND-REG-S 3.90000% 19-11.02.24 | 2 000 000.00 | 1 968 500.00 | 1.84 |
| USD | SINGAPORE AIRLINES LTD-REG-S 3.00000% 21-20.07.26 | 650 000.00 | 600 978.24 | 0.56 |
| USD | SINGAPORE EXCHANGE LTD-REG-S 1.23400% 21-03.09.26 | 600 000.00 | 523 379.14 | 0.49 |
| USD | SINGTEL GROUP TREASURY PTE LTD-REG-S 3.25000% 15-30.06.25 | 200 000.00 | 191 150.38 | 0.18 |
| USD | SINGTEL GROUP TREASURY PTE LTD-REG-S 3.87500% 18-28.08.28 | 350 000.00 | 333 008.41 | 0.31 |
| USD | SP POWERASSETS LTD-REG-S 3.25000% 15-24.11.25 | 200 000.00 | 191 229.54 | 0.18 |
| USD | STATE GRID OVERSEAS INVESTMENT-REG-S 3.50000% 17-04.05.27 | 200 000.00 | 190 820.00 | 0.18 |
| USD | STATE GRID OVERSEAS INVESTMENT-REG-S 4.25000% 18-02.05.28 | 2 800 000.00 | 2 727 900.00 | 2.55 |
| USD | SUMITOMO CORP-REG-S 1.55000% 21-06.07.26 | 1 400 000.00 | 1 230 199.01 | 1.15 |
| USD | SUN HUNG KAI PROP CAP MRKT LTD-REG-S 2.87500% 20-21.01.30 | 400 000.00 | 340 161.92 | 0.32 |
| USD | SUN HUNG KAI PROPERTIES CAPITAL-REG-S 3.62500% 12-16.01.23 | 1 500 000.00 | 1 497 330.00 | 1.40 |
| USD | SWIRE PACIFIC MTN FINANCING LTD-REG-S 4.50000% 13-09.10.23 | 1 000 000.00 | 993 315.00 | 0.93 |
| USD | SWIRE PROPERTIES MTN FINANCING-REG-S 3.62500% 16-13.01.26 | 1 000 000.00 | 967 552.99 | 0.90 |
| USD | TEMASEK FINANCIAL I LTD-REG-S 2.50000% 20-06.10.70 | 250 000.00 | 151 493.60 | 0.14 |
| USD | TENCENT HOLDINGS LTD-REG-S 3.97500% 19-11.04.29 | 2 200 000.00 | 2 002 412.49 | 1.87 |
| USD | TENCENT HOLDINGS LTD-REG-S 3.24000% 20-03.06.50 | 400 000.00 | 246 075.00 | 0.23 |
| USD | THAIOIL TREASURY CENTER CO LTD-REG-S 3.50000% 19-17.10.49 | 1 650 000.00 | 989 278.13 | 0.93 |
| USD | VANKE REAL ESTAT HONG KONG CO LTD-REG-S 3.50000% 19-12.11.29 | 550 000.00 | 386 650.00 | 0.36 |
| USD | WHEELOCK MTN BVI LTD-REG-S 2.37500% 21-25.01.26 | 850 000.00 | 776 233.16 | 0.73 |
| Total USD |  |  | 46 098 816.57 | 43.11 |
| Total des Medium-Term Notes, taux fixe |  | 46 098 816.57 | 43.11 |
| Medium-Term Notes, taux variable |  |  |  |
| USD |  |  |  |
| USD	BANK OF EAST ASIA LTD-REG-S-SUB 4.875%/VAR 22-22.04.32 | 450 000.00 | 389 578.28 | 0.36 |
| USD	DAH SING BANK LTD-REG-S-SUB 3.000%/VAR 21-02.11.31 | 500 000.00 | 433 222.04 | 0.41 |
| USD	DBS GROUP HOLDINGS LTD-REG-S-SUB 4.520%/VAR 18-11.12.28 | 200 000.00 | 197 440.61 | 0.19 |
| USD	KEB HANA BANK-REG-S-SUB 3.500%/VAR 21-PRP | 1 000 000.00 | 845 850.00 | 0.79 |
| USD	SHINHAN FIN GROUP CO LTD-REG-S-SUB 3.340%/VAR 19-05.02.30 | 775 000.00 | 709 754.69 | 0.66 |
| USD	UNITED OVERSEAS BANK LTD-REG-S-SUB 3.750%/VAR 19-15.04.29 | 800 000.00 | 776 835.12 | 0.73 |
| Total USD |  | 3 352 680.74 | 3.14 |
| Total des Medium-Term Notes, taux variable |  | 3 352 680.74 | 3.14 |
| Obligations, taux fixe |  |  |  |
| USD |  |  |  |
| USD	BAIDU INC 3.87500% 18-29.09.23 | 1 000 000.00 | 986 160.00 | 0.92 |
| USD	BANK OF CHINA LTD/MACAU-REG-S 3.50000% 17-20.04.27 | 2 000 000.00 | 1 920 420.00 | 1.80 |
| USD	GLOBAL LOGISTIC PROPERTIES LTD-REG-S 3.87500% 15-04.06.25 | 265 000.00 | 164 303.50 | 0.15 |
| USD	HKT CAPITAL NO 5 LTD-REG-S 3.25000% 19-30.09.29 | 350 000.00 | 304 182.37 | 0.28 |
| USD	HUTCHISON WHAMPOA INTERNATIONAL14-REG-S 3.62500% 14-31.10.24 | 1 000 000.00 | 970 187.50 | 0.91 |
| USD	INDUSTRIAL BANK OF KOREA-REG-S 0.62500% 21-17.09.24 | 225 000.00 | 207 605.25 | 0.19 |
| USD	LONGFOR GROUP HOLDINGS LTD-REG-S 3.95000% 19-16.09.29 | 200 000.00 | 135 787.50 | 0.13 |
| USD	LONGFOR PROPERTIES-REG-S 3.85000% 20-13.01.32 | 350 000.00 | 224 284.37 | 0.21 |
| USD	MALAYSIA WAKALA SUKUK BHD-REG-S 3.07500% 21-28.04.51 | 250 000.00 | 187 859.38 | 0.18 |
| USD	PERUSAHAAN PENERBIT SBSN-REG-S 3.80000% 20-23.06.50 | 650 000.00 | 506 467.00 | 0.47 |
| USD	PHILIPPINES, REPUBLIC OF THE 3.95000% 15-20.01.40 | 900 000.00 | 756 099.00 | 0.71 |
| USD	PHILIPPINES, REPUBLIC OF THE 3.70000% 16-01.03.41 | 1 750 000.00 | 1 413 317.50 | 1.32 |
| USD	STATE GRID OVERSEAS INV 2013 LTD-REG-S 3.12500% 13-22.05.23 | 1 000 000.00 | 991 440.00 | 0.93 |
| USD	XIAOMI BEST TIME INTER LTD-REG-S 4.10000% 21-14.07.51 | 600 000.00 | 305 724.00 | 0.29 |
| Total USD |  | 9 073 837.37 | 8.49 |
| Total des Obligations, taux fixe |  | 9 073 837.37 | 8.49 |
| Obligations, taux variable |  |  |  |
| USD |  |  |  |
| USD	BANK OF COMMUNICATIONS H/K-REG-S 2.304%/VAR 21-08.07.31 | 1 200 000.00 | 1 075 875.96 | 1.01 |
| USD	SHINHAN FINANCIAL GROUP CO LTD-REG-S-SUB 2.875%VAR 21-PRP | 800 000.00 | 668 000.00 | 0.62 |
| Total USD |  | 1 743 875.96 | 1.63 |
| Total des Obligations, taux variable |  | 1 743 875.96 | 1.63 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds Sustainable (USD)
Rapport semestriel au 30 novembre 2022
| Dénomination	Nombre/ | Evaluation en USD | en % |
| --- | --- | --- |
| Nominal | Bénéfice/(perte) non | de |
|  | réalisé(e) sur futures/ | l’actif |
|  | Contrats de | net |
|  | change à terme/ |  |
|  | Swaps (note 1) |  |

Bons du Trésor à moyen terme, taux fixe
| USD |  |
| --- | --- |
| USD | AMERICA, UNITED STATES OF 0.25000% 20-15.06.23 | 4 500 000.00 | 4 395 410.14 | 4.11 |
| USD | AMERICA, UNITED STATES OF 0.12500% 20-31.12.22 | 200 000.00 | 199 367.17 | 0.19 |
| Total USD |  |  | 4 594 777.31 | 4.30 |
| Total des Bons du Trésor à moyen terme, taux fixe |  | 4 594 777.31 | 4.30 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 101 422 486.22 | 94.85 |
| Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  |  |  |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	INDUSTRIAL & COMMERCIAL BANK OF CN/NY 3.53800% 17-08.11.27 | 1 000 000.00 | 953 160.00 | 0.89 |
| Total USD |  | 953 160.00 | 0.89 |
| Total des Billets, taux fixe |  | 953 160.00 | 0.89 |
| Total des Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  | 953 160.00 | 0.89 |
| Total du Portefeuille-titres |  | 102 375 646.22 | 95.74 |

| Instruments dérivés |  |
| --- | --- |
| Instruments dérivés négociés sur une bourse officielle Contrats financiers à terme sur obligations |
|  |  |  |  |
| JPY	JAPAN GOVERNMENT 10Y BOND (OSE) FUTURE 13.12.22 | -4.00 | -3 583.20 | 0.00 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 22.03.23 | 15.00 | 4 687.50 | 0.00 |
| USD	US 10YR TREASURY NOTE FUTURE 22.03.23 | 87.00 | 7 523.43 | 0.01 |
| Total des Contrats financiers à terme sur obligations |  | 8 627.73 | 0.01 |
| Total des Instruments dérivés négociés sur une bourse officielle |  | 8 627.73 | 0.01 |
| Total des Instruments dérivés |  | 8 627.73 | 0.01 |
|  |  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités |  | 4 282 500.44 | 4.00 |
| Crédit en compte courant et autres engagements à court terme |  | -137 580.12 | -0.13 |
| Autres actifs et passifs |  | 402 179.88 | 0.38 |
| Total de l’Actif net |  | 106 931 374.15 | 100.00 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds Sustainable (USD) Rapport semestriel au 30 novembre 2022