# UBS (Lux) Bond SICAV
– Short Term USD Corporates Sustainable (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2022 | 31.5.2022 | 31.5.2021 |
| Net assets in USD |  | 665 956 437.30 | 700 977 615.75 | 1 008 206 695.37 |
| Class F-acc | LU0396352246 |  |  |  |
| Shares outstanding |  | 722 928.0000 | 231 925.0000 | 354 929.2490 |
| Net asset value per share in USD |  | 110.41 | 111.82 | 115.73 |
| Issue and redemption price per share in USD 1 |  | 110.41 | 111.82 | 115.73 |
| Class (CHF hedged) F-acc | LU1289971720 |  |  |  |
| Shares outstanding |  | 202 291.0000 | 233 062.0000 | 392 668.0000 |
| Net asset value per share in CHF |  | 95.71 | 98.34 | 102.89 |
| Issue and redemption price per share in CHF 1 |  | 95.71 | 98.34 | 102.89 |
| Class (EUR hedged) F-acc | LU1717044058 |  |  |  |
| Shares outstanding |  | 176 939.8240 | 176 305.8240 | 194 570.7880 |
| Net asset value per share in EUR |  | 96.56 | 98.99 | 103.32 |
| Issue and redemption price per share in EUR 1 |  | 96.56 | 98.99 | 103.32 |
| Class I-A1-acc | LU0849031678 |  |  |  |
| Shares outstanding |  | 267 766.3660 | 63 547.7350 | 367 843.0520 |
| Net asset value per share in USD |  | 112.92 | 114.44 | 118.60 |
| Issue and redemption price per share in USD 1 |  | 112.92 | 114.44 | 118.60 |
| Class I-A2-acc | LU0838529096 |  |  |  |
| Shares outstanding |  | 12 710.2450 | 10 809.4490 | 21 153.0110 |
| Net asset value per share in USD |  | 113.75 | 115.25 | 119.39 |
| Issue and redemption price per share in USD 1 |  | 113.75 | 115.25 | 119.39 |
| Class (EUR hedged) I-A3-acc 2 | LU2352401819 |  |  |  |
| Shares outstanding |  | 1 146 307.1980 | 1 660 237.5670 | - |
| Net asset value per share in EUR |  | 93.56 | 95.92 | - |
| Issue and redemption price per share in EUR 1 |  | 93.56 | 95.92 | - |
| Class I-B-acc | LU0396353483 |  |  |  |
| Shares outstanding |  | 280 747.1790 | 352 423.9550 | 775 546.7270 |
| Net asset value per share in USD |  | 113.78 | 115.10 | 118.86 |
| Issue and redemption price per share in USD 1 |  | 113.78 | 115.10 | 118.86 |
| Class (EUR hedged) I-B-acc | LU1323607827 |  |  |  |
| Shares outstanding |  | 110 903.2280 | 343 998.1870 | 678 297.3960 |
| Net asset value per share in EUR |  | 99.21 | 101.57 | 105.74 |
| Issue and redemption price per share in EUR 1 |  | 99.21 | 101.57 | 105.74 |
| Class I-X-acc | LU0396353640 |  |  |  |
| Shares outstanding |  | 457 758.9130 | 499 150.5490 | 617 147.4280 |
| Net asset value per share in USD |  | 114.57 | 115.86 | 119.57 |
| Issue and redemption price per share in USD 1 |  | 114.57 | 115.86 | 119.57 |
| Class (CHF hedged) I-X-acc | LU0920821211 |  |  |  |
| Shares outstanding |  | 1 136 016.8700 | 1 534 204.0270 | 2 035 224.9160 |
| Net asset value per share in CHF |  | 98.19 | 100.73 | 105.05 |
| Issue and redemption price per share in CHF 1 |  | 98.19 | 100.73 | 105.05 |
| Class (EUR hedged) I-X-acc | LU1632887292 |  |  |  |
| Shares outstanding |  | 1 250 008.4780 | 683 732.7840 | 728 623.6320 |
| Net asset value per share in EUR |  | 97.69 | 99.99 | 104.03 |
| Issue and redemption price per share in EUR 1 |  | 97.69 | 99.99 | 104.03 |
| Class (CHF hedged) K-B-acc | LU2273245626 |  |  |  |
| Shares outstanding |  | 5 498.7010 | 5 498.7010 | 5 498.7010 |
| Net asset value per share in CHF |  | 93.61 | 96.08 | 100.28 |
| Issue and redemption price per share in CHF 1 |  | 93.61 | 96.08 | 100.28 |
| Class K-B-mdist | LU2204822436 |  |  |  |
| Shares outstanding |  | 23 511.5180 | 30 933.7340 | 92 248.4920 |
| Net asset value per share in USD |  | 94.93 | 96.73 | 101.02 |
| Issue and redemption price per share in USD 1 |  | 94.93 | 96.73 | 101.02 |
| Class (EUR hedged) K-X-acc | LU1620846318 |  |  |  |
| Shares outstanding |  | 25.5790 | 25.5790 | 25.5790 |
| Net asset value per share in EUR |  | 97.67 | 99.98 | 104.05 |
| Issue and redemption price per share in EUR 1 |  | 97.67 | 99.98 | 104.05 |
| Class P-acc | LU0151774972 |  |  |  |
| Shares outstanding |  | 308 654.8890 | 390 075.5730 | 415 204.4590 |
| Net asset value per share in USD |  | 141.75 | 143.95 | 149.83 |
| Issue and redemption price per share in USD 1 |  | 141.75 | 143.95 | 149.83 |
| Class Q-acc | LU0396352592 |  |  |  |
| Shares outstanding |  | 183 110.3010 | 200 208.7440 | 144 134.9500 |
| Net asset value per share in USD |  | 114.96 | 116.54 | 120.86 |
| Issue and redemption price per share in USD 1 |  | 114.96 | 116.54 | 120.86 |

UBS (Lux) Bond SICAV – Short Term USD Corporates Sustainable (USD) Semi-Annual Report as of 30 November 2022
|  | ISIN | 30.11.2022 | 31.5.2022 | 31.5.2021 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class U-X-acc 3 | LU0396353996 |  |  |  |
| Shares outstanding |  | - | - | 15 520.0000 |
| Net asset value per share in USD |  | - | - | 11 458.80 |
| Issue and redemption price per share in USD 1 |  | - | - | 11 458.80 |
| 1  See note 1 2  First NAV: 21.6.2021 3  The share class U-X-acc was in circulation until 8.11.2021 |  |  |  |  |


### Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
United States	41.23
United Kingdom	11.19
The Netherlands	5.79
Australia	4.52
France	4.28
Canada	3.56
Cayman Islands	3.04
Switzerland	2.68
Spain	2.52
Sweden	1.92
Germany	1.60
Finland	1.50
Norway	1.42
Ireland	1.39
Japan	1.30
New Zealand	1.22
Singapore	1.10
Italy	1.09
Denmark	0.71
United Arab Emirates	0.59
China	0.55
Mexico	0.47
Guernsey	0.43
Multinationals	0.37
Austria	0.30
South Korea	0.29
Luxembourg	0.26
Hong Kong	0.23
Jersey	0.18
Supranationals	0.14
Uzbekistan	0.14
Bermuda	0.08
Economic Breakdown as a % of net assets	
Banks & credit institutions	41.85
Finance & holding companies	23.55
Internet, software & IT services	3.05
Mortgage & funding institutions	2.85
Telecommunications	2.74
Insurance	2.60
Pharmaceuticals, cosmetics & medical products	2.13
Food & soft drinks	1.95
Traffic & transportation	1.94
Biotechnology	1.67
Petroleum	1.62
Vehicles	1.56
Energy & water supply	1.20
Computer hardware & network equipment providers	1.17
Chemicals	0.95
Electronics & semiconductors	0.89
Real Estate	0.71
Miscellaneous unclassified companies	0.64
Graphic design, publishing & media	0.44
Building industry & materials	0.42
Electrical devices & components	0.37
Miscellaneous services	0.36
Aerospace industry	0.30
Retail trade, department stores	0.30
Mechanical engineering & industrial equipment	0.22
Healthcare & social services	0.17
Investment funds	0.15
Lodging, catering & leisure	0.15
Supranational organisations	0.14
Total	96.09
Total	96.09
UBS (Lux) Bond SICAV – Short Term USD Corporates Sustainable (USD)
Semi-Annual Report as of 30 November 2022

### Statement of Net Assets
Assets	30.11.2022
USD
Investments in securities, cost	689 120 671.52
| Investments in securities, unrealized appreciation (depreciation) | 	-49 209 922.53	 |
| --- | --- |
| Total investments in securities (Note 1) | 639 910 748.99 |
| Cash at banks, deposits on demand and deposit accounts | 23 426 367.54 |
| Other liquid assets (Margins) | 630 893.00 |
| Receivable on subscriptions | 1 252 638.32 |
| Interest receivable on securities | 4 719 120.26 |
| Unrealized gain on financial futures (Note 1) | 175 000.70 |
| Unrealized gain on forward foreign exchange contracts (Note 1) | 409 778.97 |
| Total Assets | 670 524 547.78 |
|  |  |
| Liabilities |  |
| Interest payable on bank overdraft | -28.43 |
| Payable on securities purchases (Note 1) | -1 896.60 |
| Payable on redemptions | -4 380 502.71 |
| Provisions for flat fee (Note 2) | -105 194.46 |
| Provisions for taxe d’abonnement (Note 3) | -16 292.96 |
| Provisions for other commissions and fees (Note 2) | 	-64 195.32	 |
| Total provisions | -185 682.74 |
| Total Liabilities | -4 568 110.48 |
|  |  |
| Net assets at the end of the period | 665 956 437.30 |
| Statement of Operations | USD |
| Income | 1.6.2022-30.11.2022 |
| Interest on liquid assets | 103 088.13 |
| Interest on securities | 10 563 207.77 |
| Dividends | 51 502.98 |
| Net income on securities lending (Note 11) | 131 398.97 |
| Other income (Note 4) | 240 857.36 |
| Total income | 11 090 055.21 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -7 856.93 |
| Flat fee (Note 2) | -635 220.77 |
| Taxe d’abonnement (Note 3) | -47 143.83 |
| Other commissions and fees (Note 2) | -44 892.93 |
| Interest on cash and bank overdraft | -54.45 |
| Total expenses | -735 168.91 |
|  |  |
| Net income (loss) on investments | 10 354 886.30 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | -9 551 791.83 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | 46 713.85 |
| Realized gain (loss) on financial futures | -2 430 389.39 |
| Realized gain (loss) on forward foreign exchange contracts | -8 809 566.22 |
| Realized gain (loss) on swaps | 88 999.98 |
| Realized gain (loss) on foreign exchange | 1 852 011.51 |
| Total realized gain (loss) | -18 804 022.10 |
|  |  |
| Net realized gain (loss) of the period | -8 449 135.80 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | -7 713 872.73 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | 68 320.00 |
| Unrealized appreciation (depreciation) on financial futures | 11 563.68 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -8 029 062.27 |
| Total changes in unrealized appreciation (depreciation) | -15 663 051.32 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | -24 112 187.12 |

UBS (Lux) Bond SICAV – Short Term USD Corporates Sustainable (USD) Semi-Annual Report as of 30 November 2022
| Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.6.2022-30.11.2022 |
| Net assets at the beginning of the period | 700 977 615.75 |
| Subscriptions | 183 297 233.02 |
| Redemptions | 	-194 186 646.95	 |
| Total net subscriptions (redemptions) | -10 889 413.93 |
| Dividend paid | -19 577.40 |
| Net income (loss) on investments | 10 354 886.30 |
| Total realized gain (loss) | -18 804 022.10 |
| Total changes in unrealized appreciation (depreciation) | 	-15 663 051.32	 |
| Net increase (decrease) in net assets as a result of operations | -24 112 187.12 |
| Net assets at the end of the period | 665 956 437.30 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2022-30.11.2022 |
| Class | F-acc |
| Number of shares outstanding at the beginning of the period | 231 925.0000 |
| Number of shares issued | 553 109.0000 |
| Number of shares redeemed | -62 106.0000 |
| Number of shares outstanding at the end of the period | 722 928.0000 |
| Class | (CHF hedged) F-acc |
| Number of shares outstanding at the beginning of the period | 233 062.0000 |
| Number of shares issued | 12 339.0000 |
| Number of shares redeemed | -43 110.0000 |
| Number of shares outstanding at the end of the period | 202 291.0000 |
| Class | (EUR hedged) F-acc |
| Number of shares outstanding at the beginning of the period | 176 305.8240 |
| Number of shares issued | 18 702.0000 |
| Number of shares redeemed | -18 068.0000 |
| Number of shares outstanding at the end of the period | 176 939.8240 |
| Class | I-A1-acc |
| Number of shares outstanding at the beginning of the period | 63 547.7350 |
| Number of shares issued | 228 064.3920 |
| Number of shares redeemed | -23 845.7610 |
| Number of shares outstanding at the end of the period | 267 766.3660 |
| Class | I-A2-acc |
| Number of shares outstanding at the beginning of the period | 10 809.4490 |
| Number of shares issued | 1 900.7960 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 12 710.2450 |
| Class | (EUR hedged) I-A3-acc |
| Number of shares outstanding at the beginning of the period | 1 660 237.5670 |
| Number of shares issued | 147 917.6920 |
| Number of shares redeemed | -661 848.0610 |
| Number of shares outstanding at the end of the period | 1 146 307.1980 |
| Class | I-B-acc |
| Number of shares outstanding at the beginning of the period | 352 423.9550 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -71 676.7760 |
| Number of shares outstanding at the end of the period | 280 747.1790 |
| Class | (EUR hedged) I-B-acc |
| Number of shares outstanding at the beginning of the period | 343 998.1870 |
| Number of shares issued | 49 434.6750 |
| Number of shares redeemed | -282 529.6340 |
| Number of shares outstanding at the end of the period | 110 903.2280 |
| Class | I-X-acc |
| Number of shares outstanding at the beginning of the period | 499 150.5490 |
| Number of shares issued | 3 034.7610 |
| Number of shares redeemed | -44 426.3970 |
| Number of shares outstanding at the end of the period | 457 758.9130 |
| Class | (CHF hedged) I-X-acc |
| Number of shares outstanding at the beginning of the period | 1 534 204.0270 |
| Number of shares issued | 17 576.2890 |
| Number of shares redeemed | -415 763.4460 |
| Number of shares outstanding at the end of the period | 1 136 016.8700 |
| Class | (EUR hedged) I-X-acc |
| Number of shares outstanding at the beginning of the period | 683 732.7840 |
| Number of shares issued | 566 882.0000 |
| Number of shares redeemed | -606.3060 |
| Number of shares outstanding at the end of the period | 1 250 008.4780 |
| Class | (CHF hedged) K-B-acc |
| Number of shares outstanding at the beginning of the period | 5 498.7010 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 5 498.7010 |

UBS (Lux) Bond SICAV – Short Term USD Corporates Sustainable (USD)
Semi-Annual Report as of 30 November 2022
| Class | K-B-mdist |
| --- | --- |
| Number of shares outstanding at the beginning of the period | 30 933.7340 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -7 422.2160 |
| Number of shares outstanding at the end of the period | 23 511.5180 |
| Class | (EUR hedged) K-X-acc |
| Number of shares outstanding at the beginning of the period | 25.5790 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 25.5790 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 390 075.5730 |
| Number of shares issued | 40 888.6420 |
| Number of shares redeemed | -122 309.3260 |
| Number of shares outstanding at the end of the period | 308 654.8890 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 200 208.7440 |
| Number of shares issued | 82 734.4990 |
| Number of shares redeemed | -99 832.9420 |
| Number of shares outstanding at the end of the period | 183 110.3010 |

| Monthly Distribution 1 |  |
| --- | --- |
| UBS (Lux) Bond SICAV – Short Term USD Corporates Sustainable (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| K-B-mdist | 15.6.2022 | 21.6.2022 | USD | 0.09 |
| K-B-mdist | 15.7.2022 | 20.7.2022 | USD | 0.09 |
| K-B-mdist | 16.8.2022 | 19.8.2022 | USD | 0.09 |
| K-B-mdist | 15.9.2022 | 20.9.2022 | USD | 0.09 |
| K-B-mdist | 17.10.2022 | 20.10.2022 | USD | 0.08 |
| K-B-mdist | 15.11.2022 | 18.11.2022 | USD | 0.23 |
| 1  See note 5 |  |  |  |  |

UBS (Lux) Bond SICAV – Short Term USD 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 |  |  |  |
| CHF |  |  |  |
| CHF	LONZA SWISS FINANCE AG-REG-S 1.00000% 20-28.04.23 | 4 250 000.00 | 4 453 634.22 | 0.67 |
| Total CHF |  | 4 453 634.22 | 0.67 |
| EUR |  |  |  |
| EUR	INTL CONSOLIDATED AIRLINES GROUP-REG-S 0.50000% 19-04.07.23 | 2 000 000.00 | 2 016 820.77 | 0.30 |
| Total EUR |  | 2 016 820.77 | 0.30 |
| GBP |  |  |  |
| GBP	BUPA FINANCE PLC-REG-S-SUB 5.00000% 16-08.12.26 | 1 000 000.00 | 1 134 927.70 | 0.17 |
| Total GBP |  | 1 134 927.70 | 0.17 |
| USD |  |  |  |
| USD	ABBVIE INC 2.60000% 20-21.11.24 | 4 000 000.00 | 3 831 380.28 | 0.58 |
| USD	ABBVIE INC 3.75000% 18-14.11.23 | 1 000 000.00 | 987 099.30 | 0.15 |
| USD	ADOBE INC 3.25000% 15-01.02.25 | 3 000 000.00 | 2 933 374.59 | 0.44 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.50000% 20-15.09.23 | 4 000 000.00 | 3 950 474.16 | 0.59 |
| USD	AERCAP IRELAND CAPITAL DAC / AERCAP 1.65000% 21-29.10.24 | 2 572 000.00 | 2 366 666.21 | 0.36 |
| USD	AIA GROUP LTD-REG-S 5.62500% 22-25.10.27 | 1 380 000.00 | 1 404 298.76 | 0.21 |
| USD	AIG GLOBAL FUNDING-REG-S 0.65000% 21-17.06.24 | 5 000 000.00 | 4 671 750.00 | 0.70 |
| USD	ALLY FINANCIAL INC 3.87500% 19-21.05.24 | 2 500 000.00 | 2 432 190.82 | 0.37 |
| USD	AMERICAN EXPRESS CO 3.00000% 17-30.10.24 | 2 500 000.00 | 2 421 320.98 | 0.36 |
| USD	AMERICAN TOWER CORP 3.37500% 19-15.05.24 | 1 000 000.00 | 973 974.42 | 0.15 |
| USD	AMERICAN TOWER CORP 0.60000% 20-15.01.24 | 2 000 000.00 | 1 903 391.70 | 0.29 |
| USD	AMGEN INC 3.62500% 14-22.05.24 | 2 000 000.00 | 1 968 047.48 | 0.30 |
| USD	ANALOG DEVICES INC 2.95000% 20-01.04.25 | 500 000.00 | 482 215.90 | 0.07 |
| USD	ANGLO AMERICAN CAPITAL PLC-144A 3.62500% 17-11.09.24 | 2 000 000.00 | 1 932 250.00 | 0.29 |
| USD	ANGLO AMERICAN CAPITAL PLC-REG-S 3.62500% 17-11.09.24 | 485 000.00 | 468 570.62 | 0.07 |
| USD	ANZ NEW ZEALAND INT’L LTD/LONDON-REG-S 2.16600% 22-18.02.25 | 2 000 000.00 | 1 872 847.60 | 0.28 |
| USD	APPLE INC 3.00000% 17-09.02.24 | 4 000 000.00 | 3 929 726.56 | 0.59 |
| USD	APT PIPELINES LTD-REG-S 4.20000% 15-23.03.25 | 2 000 000.00 | 1 923 738.20 | 0.29 |
| USD	APTIV PLC 2.39600% 22-18.02.25 | 1 300 000.00 | 1 222 697.00 | 0.18 |
| USD	ASTRAZENECA FINANCE LLC 0.70000% 21-28.05.24 | 6 100 000.00 | 5 742 870.68 | 0.86 |
| USD	AVOLON HOLDINGS FUNDING LTD-REG-S 5.12500% 18-01.10.23 | 500 000.00 | 494 430.00 | 0.07 |
| USD	BANCO SANTANDER SA 2.70600% 19-27.06.24 | 5 400 000.00 | 5 187 133.62 | 0.78 |
| USD	BANCO SANTANDER SA 5.14700% 22-18.08.25 | 1 000 000.00 | 993 662.64 | 0.15 |
| USD	BANK OF IRELAND GROUP PLC-144A 4.50000% 18-25.11.23 | 500 000.00 | 489 713.81 | 0.07 |
| USD	BANK OF NOVA SCOTIA/THE 0.70000% 21-15.04.24 | 2 000 000.00 | 1 885 137.14 | 0.28 |
| USD	BANK OF SCOTLAND PLC-REG-S 1.60000% 21-29.09.26 | 1 665 000.00 | 1 441 699.04 | 0.22 |
| USD	BANQUE FEDERATIVE DU CREDIT MUTUL-REG-S 0.99800% 21-04.02.25 | 2 000 000.00 | 1 825 999.76 | 0.27 |
| USD	BARCLAYS BANK PLC 3.75000% 14-15.05.24 | 500 000.00 | 490 912.55 | 0.07 |
| USD	BAYER US FINANCE II LLC-REG-S 3.87500% 18-15.12.23 | 2 000 000.00 | 1 968 012.26 | 0.30 |
| USD	BBVA BANCOMER SA/TEXAS-REG-S 4.37500% 14-10.04.24 | 3 200 000.00 | 3 154 896.00 | 0.47 |
| USD	BMW US CAPITAL LLC-REG-S 0.75000% 21-12.08.24 | 2 275 000.00 | 2 122 142.55 | 0.32 |
| USD	BMW US CAPITAL LLC-REG-S 3.25000% 22-01.04.25 | 4 000 000.00 | 3 868 445.20 | 0.58 |
| USD	BP CAPITAL MARKETS PLC 3.79600% 18-21.09.25 | 1 000 000.00 | 983 699.68 | 0.15 |
| USD	BPCE SA-REG-S 4.00000% 18-12.09.23 | 4 230 000.00 | 4 156 533.36 | 0.62 |
| USD	BRISTOL-MYERS SQUIBB CO 2.90000% 20-26.07.24 | 3 000 000.00 | 2 917 824.69 | 0.44 |
| USD	CANADIAN PACIFIC RAILWAY 1.35000% 21-02.12.24 | 3 000 000.00 | 2 793 617.01 | 0.42 |
| USD	CCO LLC/CAPITAL 4.90800% 16-23.07.25 | 2 500 000.00 | 2 460 728.95 | 0.37 |
| USD	CELANESE US HOLDINGS LLC 5.90000% 22-05.07.24 | 3 500 000.00 | 3 478 600.13 | 0.52 |
| USD	CIGNA CORP 0.61300% 21-15.03.24 | 5 000 000.00 | 4 731 252.10 | 0.71 |
| USD	COCA-COLA EUROPACIFIC PARTNERS PLC-144A 0.80000% 21-03.05.24 | 4 000 000.00 | 3 752 293.40 | 0.56 |
| USD	COMCAST CORP 3.70000% 18-15.04.24 | 3 000 000.00 | 2 957 574.36 | 0.44 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 6.50000% 19-08.04.24 | 3 000 000.00 | 1 687 125.00 | 0.25 |
| USD	CREDIT AGRICOLE SA LONDON-REG-S 2.37500% 19-22.01.25 | 1 445 000.00 | 1 361 177.59 | 0.21 |
| USD	CREDIT SUISSE GROUP AG 3.80000% 16-09.06.23 | 3 000 000.00 | 2 872 376.79 | 0.43 |
| USD	CVS HEALTH CORP 2.87500% 16-01.06.26 | 5 000 000.00 | 4 704 266.65 | 0.71 |
| USD	DAIMLER FINANCE NORTH AMERICA LLC-REG-S 3.65000% 19-22.02.24 | 2 000 000.00 | 1 962 783.70 | 0.30 |
| USD	DAIMLER FINANCE NORTH AMERICA-REG-S 2.12500% 20-10.03.25 | 3 000 000.00 | 2 810 356.74 | 0.42 |
| USD	DEUTSCHE BANK AG/NEW YORK NY 3.95000% 18-27.02.23 | 3 000 000.00 | 2 984 037.18 | 0.45 |
| USD	DEUTSCHE BANK AG/NEW YORK NY 0.89800% 21-28.05.24 | 2 000 000.00 | 1 870 619.22 | 0.28 |
| USD	ENBRIDGE INC 2.50000% 19-15.01.25 | 2 500 000.00 | 2 370 174.88 | 0.36 |
| USD	ENEL FINANCE INTERNATIONAL NV-REG-S 4.25000% 22-15.06.25 | 1 100 000.00 | 1 071 609.04 | 0.16 |
| USD	ENI SPA-REG-S 4.00000% 18-12.09.23 | 3 465 000.00 | 3 412 265.89 | 0.51 |
| USD	EVERSOURCE ENERGY 3.80000% 18-01.12.23 | 1 000 000.00 | 988 150.80 | 0.15 |
| USD	EVERSOURCE ENERGY 4.20000% 22-27.06.24 | 1 000 000.00 | 986 279.86 | 0.15 |
| USD	EXELON GENERATION CO LLC 3.25000% 20-01.06.25 | 3 000 000.00 | 2 880 056.70 | 0.43 |
| USD	FISERV INC 2.75000% 19-01.07.24 | 5 000 000.00 | 4 812 575.00 | 0.72 |
| USD	FMG RESOURCES AUGUST 2006 PTY LTD-REG-S 5.12500% 17-15.05.24 | 2 350 000.00 | 2 320 965.98 | 0.35 |
| USD	FORD MOTOR CREDIT CO LLC 2.30000% 22-10.02.25 | 800 000.00 | 734 000.00 | 0.11 |
| USD	GENERAL MILLS INC 4.00000% 18-17.04.25 | 1 000 000.00 | 983 829.58 | 0.15 |
| USD	GENERAL MOTORS CO 4.87500% 14-02.10.23 | 2 000 000.00 | 1 990 698.78 | 0.30 |
| USD	GENERAL MOTORS CO 5.40000% 20-02.10.23 | 3 000 000.00 | 3 003 946.59 | 0.45 |
| USD	GENERAL MOTORS FINANCIAL CO INC 2.90000% 20-26.02.25 | 1 000 000.00 | 944 885.14 | 0.14 |
| USD	GILEAD SCIENCES INC 3.65000% 15-01.03.26 | 1 500 000.00 | 1 452 146.11 | 0.22 |
| USD	GOLDMAN SACHS GROUP INC 3.50000% 20-01.04.25 | 1 000 000.00 | 967 681.31 | 0.15 |
| USD	GOLDMAN SACHS GROUP INC 5.70000% 22-01.11.24 | 2 500 000.00 | 2 529 946.80 | 0.38 |
| USD	GOLDMAN SACHS GROUP INC/THE 3.50000% 16-16.11.26 | 3 000 000.00 | 2 853 532.44 | 0.43 |
| USD	HARLEY-DAVIDSON FINANCIAL SERVICE-REG-S 3.35000% 20-08.06.25 | 2 500 000.00 | 2 352 728.82 | 0.35 |
| USD	HSBC HOLDINGS PLC-SUB 4.25000% 14-14.03.24 | 3 000 000.00 | 2 950 306.35 | 0.44 |
| USD	ING BANK NV-REG-S-SUB 5.80000% 13-25.09.23 | 2 914 000.00 | 2 914 714.04 | 0.44 |
| USD	ING GROEP NV 3.55000% 19-09.04.24 | 3 898 000.00 | 3 812 717.88 | 0.57 |
| USD	INVESCO FINANCE PLC 3.75000% 15-15.01.26 | 1 000 000.00 | 961 730.00 | 0.15 |
| USD	KELLOGG CO 2.65000% 16-01.12.23 | 2 000 000.00 | 1 952 817.78 | 0.29 |
| USD	KROGER CO 4.00000% 14-01.02.24 | 2 000 000.00 | 1 980 819.84 | 0.30 |
| USD	LENNOX INTERNATIONAL INC 1.35000% 20-01.08.25 | 900 000.00 | 815 522.31 | 0.12 |

UBS (Lux) Bond SICAV – Short Term USD 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) |  |
|  |  |  |  |  |
| USD | LLOYDS BANKING GROUP PLC 4.45000% 18-08.05.25 | 5 000 000.00 | 4 888 697.85 | 0.73 |
| USD | LLOYDS BANKING GROUP PLC 3.90000% 19-12.03.24 | 1 500 000.00 | 1 471 711.31 | 0.22 |
| USD | MARRIOTT INTERNATIONAL INC/MD 3.60000% 19-15.04.24 | 1 000 000.00 | 981 171.41 | 0.15 |
| USD | MARSH & MCLENNAN COS INC 3.87500% 19-15.03.24 | 3 000 000.00 | 2 959 290.60 | 0.44 |
| USD | METLIFE INC 3.60000% 14-10.04.24 | 3 000 000.00 | 2 951 612.19 | 0.44 |
| USD | MICROSOFT CORP 3.12500% 15-03.11.25 | 5 000 000.00 | 4 857 154.70 | 0.73 |
| USD | MONDELEZ INTERNATIONAL HDG NLD BV-REG-S 4.25000% 22-15.09.25 | 1 800 000.00 | 1 766 808.99 | 0.27 |
| USD | MOODY’S CORP 3.75000% 20-24.03.25 | 3 000 000.00 | 2 923 312.68 | 0.44 |
| USD | NATWEST MARKETS PLC-144A 1.60000% 21-29.09.26 | 2 560 000.00 | 2 216 666.40 | 0.33 |
| USD | NEPTUNE ENERGY BONDCO PLC-REG-S 6.62500% 18-15.05.25 | 1 500 000.00 | 1 472 732.16 | 0.22 |
| USD | NESTLE HOLDINGS INC-REG-S 0.60600% 21-14.09.24 | 6 000 000.00 | 5 571 806.82 | 0.84 |
| USD | NOMURA HOLDINGS INC 2.64800% 20-16.01.25 | 5 000 000.00 | 4 715 918.50 | 0.71 |
| USD | NOMURA HOLDINGS INC 5.09900% 22-03.07.25 | 2 000 000.00 | 1 983 252.80 | 0.30 |
| USD | ORACLE CORP 2.50000% 20-01.04.25 | 2 000 000.00 | 1 891 732.52 | 0.28 |
| USD | ORACLE CORP 5.80000% 22-10.11.25 | 1 030 000.00 | 1 055 027.53 | 0.16 |
| USD | ORIX CORP 3.25000% 17-04.12.24 | 500 000.00 | 478 658.25 | 0.07 |
| USD | PARK AEROSPACE HOLDINGS LTD-144A 5.50000% 17-15.02.24 | 4 500 000.00 | 4 433 809.91 | 0.67 |
| USD | PENSKE TRK LEA CO LP/PTL FIN CORP-REG-S 4.40000% 22-01.07.27 | 1 765 000.00 | 1 679 044.55 | 0.25 |
| USD | PLAINS ALL AMERICAN PIPELINE LP 3.85000% 13-15.10.23 | 1 000 000.00 | 986 617.08 | 0.15 |
| USD | QUANTA SERVICES INC 0.95000% 21-01.10.24 | 2 575 000.00 | 2 358 104.17 | 0.35 |
| USD | ROPER TECHNOLOGIES INC 3.65000% 18-15.09.23 | 1 500 000.00 | 1 482 032.90 | 0.22 |
| USD | SHIMAO PRPTY HLDG LTD-REG-S *DEFAULTED* 6.12500% 19-21.02.24 | 1 000 000.00 | 115 000.00 | 0.02 |
| USD | SHIMAO PRPTY HLDG LTD-REG-S *DEFAULTED* 3.97500% 21-16.09.23 | 600 000.00 | 70 500.00 | 0.01 |
| USD | SOCIETE GENERALE SA-REG-S-SUB 5.00000% 14-17.01.24 | 500 000.00 | 492 925.31 | 0.07 |
| USD | SOCIETE GENERALE-REG-S 2.62500% 19-16.10.24 | 7 030 000.00 | 6 622 136.91 | 1.00 |
| USD | SPRINGLEAF FINANCE CORP 6.12500% 19-15.03.24 | 2 000 000.00 | 1 950 600.00 | 0.29 |
| USD | SUNCORP-METWAY LTD-REG-S 3.30000% 19-15.04.24 | 430 000.00 | 418 017.62 | 0.06 |
| USD | SVENSKA HANDELSBANKEN AB-REG-S 0.55000% 21-11.06.24 | 2 250 000.00 | 2 103 012.98 | 0.32 |
| USD | T-MOBILE USA INC 3.50000% 21-15.04.25 | 3 000 000.00 | 2 904 617.46 | 0.44 |
| USD | TELECOM ITALIA SPA-144A 5.30300% 14-30.05.24 | 2 000 000.00 | 1 937 000.00 | 0.29 |
| USD | THERMO FISHER SCIENTIFIC INC 1.21500% 21-18.10.24 | 650 000.00 | 608 196.17 | 0.09 |
| USD | TOTAL CAPITAL INTERNATIONAL SA 3.75000% 14-10.04.24 | 1 500 000.00 | 1 481 266.85 | 0.22 |
| USD | UBS AG LONDON-144A 1.37500% 22-13.01.25 | 2 000 000.00 | 1 851 286.36 | 0.28 |
| USD | UBS GROUP AG-REG-S 4.12500% 16-15.04.26 | 2 000 000.00 | 1 923 157.16 | 0.29 |
| USD | UNITED PARCEL SERVICE INC 3.90000% 20-01.04.25 | 2 500 000.00 | 2 466 656.05 | 0.37 |
| USD | UZBEK INDUSTRIAL AND CONS ATB-REG-S 5.75000% 19-02.12.24 | 1 000 000.00 | 907 375.00 | 0.14 |
| USD | VERIZON COMMUNICATIONS INC 0.85000% 20-20.11.25 | 6 333 000.00 | 5 683 498.29 | 0.85 |
| USD | VMWARE INC 4.50000% 20-15.05.25 | 4 796 000.00 | 4 746 165.87 | 0.71 |
| USD | WALT DISNEY CO 1.75000% 19-30.08.24 | 4 000 000.00 | 3 800 409.68 | 0.57 |
| USD | WESTPAC BANKING CORP 1.15000% 21-03.06.26 | 4 108 000.00 | 3 630 233.85 | 0.55 |
| USD | WILLIAMS COMPANIES INC 4.55000% 14-24.06.24 | 2 000 000.00 | 1 979 316.04 | 0.30 |
| Total USD |  |  | 270 686 573.22 | 40.65 |
| Total Notes, fixed rate |  | 278 291 955.91 | 41.79 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	ABN AMRO BANK NV-REG-S-SUB 4.400%/VAR 17-27.03.28 | 6 200 000.00 | 6 045 000.00 | 0.91 |
| USD	BANCO SANTANDER SA 0.701%/VAR 21-30.06.24 | 2 200 000.00 | 2 128 682.05 | 0.32 |
| USD	BARCLAYS PLC 5.304%/VAR 22-09.08.26 | 6 000 000.00 | 5 900 403.54 | 0.89 |
| USD	BNP PARIBAS-REG-S 2.819% /VAR 19-19.11.25 | 5 000 000.00 | 4 705 852.30 | 0.71 |
| USD	CITIGROUP INC 2.014%/VAR 22-25.01.26 | 6 000 000.00 | 5 570 680.92 | 0.84 |
| USD	CITIGROUP INC 3.352%/VAR 19-24.04.25 | 7 000 000.00 | 6 769 174.51 | 1.02 |
| USD	CREDIT SUISSE GROUP AG-REG-S 4.207%/VAR 18-12.06.24 | 6 500 000.00 | 6 307 209.03 | 0.95 |
| USD	DANSKE BANK AS-REG-S 3.244%/VAR 19-20.12.25 | 2 000 000.00 | 1 864 346.78 | 0.28 |
| USD	DNB BANK ASA-REG-S 0.856%/VAR 21-30.09.25 | 7 185 000.00 | 6 593 869.29 | 0.99 |
| USD	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.625%/VAR 14-PRP | 1 800 000.00 | 1 693 363.60 | 0.25 |
| USD	HSBC HOLDINGS PLC 4.292%/VAR 18-12.09.26 | 4 000 000.00 | 3 810 656.32 | 0.57 |
| USD	HSBC HOLDINGS PLC 4.180%/VAR 22-09.12.25 | 3 000 000.00 | 2 889 717.87 | 0.43 |
| USD	JPM CHASE& CO 3.845%/VAR 22-14.06.25 | 4 000 000.00 | 3 927 747.44 | 0.59 |
| USD	JPMORGAN CHASE & CO 3.220%/VAR 17-01.03.25 | 7 000 000.00 | 6 815 197.69 | 1.02 |
| USD	JPMORGAN CHASE & CO 0.824%/VAR 21-01.06.25 | 1 000 000.00 | 929 990.52 | 0.14 |
| USD	JPMORGAN CHASE 1.561%/VAR 21-10.12.25 | 4 000 000.00 | 3 694 735.64 | 0.55 |
| USD	LLOYDS BANKING GROUP PLC 4.716%/VAR 22-11.08.26 | 5 000 000.00 | 4 851 064.80 | 0.73 |
| USD	MORGAN STANLEY 0.790%/VAR 21-30.05.25 | 11 000 000.00 | 10 192 426.75 | 1.53 |
| USD	MORGAN STANLEY 1.593%/VAR 21-04.05.27 | 5 000 000.00 | 4 404 907.95 | 0.66 |
| USD	NATIONWIDE BUILDING SOCIETY-144A 4.363%/VAR 18-01.08.24 | 2 000 000.00 | 1 970 857.50 | 0.29 |
| USD	SANTANDER UK GRP HOLD PLC 4.796%/3M LIBOR+157BP 18-15.11.24 | 4 000 000.00 | 3 925 048.20 | 0.59 |
| USD	SOCIETE GENERALE SA-REG-S 2.226%/VAR 22-21.01.26 | 3 120 000.00 | 2 856 961.20 | 0.43 |
| USD	STANDARD CHARTERED PLC-REG-S 3.885%/VAR 18-15.03.24 | 10 190 000.00 | 10 115 752.91 | 1.52 |
| Total USD |  | 107 963 646.81 | 16.21 |
| Total Notes, floating rate |  | 107 963 646.81 | 16.21 |
| Medium term notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	CELLNEX TELECOM SA-REG-S 2.87500% 17-18.04.25 | 1 500 000.00 | 1 507 546.61 | 0.23 |
| EUR	CTP BV-REG-S 0.62500% 20-27.11.23 | 1 500 000.00 | 1 451 404.94 | 0.22 |
| EUR	DEUTSCHE LUFTHANSA AG-REG-S 2.00000% 21-14.07.24 | 2 400 000.00 | 2 376 811.12 | 0.36 |
| EUR	FORTUM OYJ-REG-S 0.87500% 19-27.02.23 | 2 000 000.00 | 2 047 574.35 | 0.31 |
| EUR	REPSOL INTERNATIONAL FINANCE BV-REG-S 0.12500% 20-05.10.24 | 2 000 000.00 | 1 950 618.39 | 0.29 |
| EUR	WIZZ AIR FINANCE CO BV-REG-S 1.35000% 21-19.01.24 | 1 400 000.00 | 1 366 133.44 | 0.20 |
| Total EUR |  | 10 700 088.85 | 1.61 |
| GBP |  |  |  |
| GBP	FORD MOTOR CREDIT CO LLC 2.74800% 20-14.06.24 | 400 000.00 | 449 564.75 | 0.07 |
| Total GBP |  | 449 564.75 | 0.07 |

UBS (Lux) Bond SICAV – Short Term USD 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) |  |
| USD |  |  |  |  |
| USD | AAREAL BANK AG-REG-S 0.62500% 21-14.02.25 | 2 000 000.00 | 1 822 105.14 | 0.27 |
| USD | ADCB FINANCE CAYMAN LTD-REG-S-SUB 4.50000% 13-06.03.23 | 4 000 000.00 | 3 982 000.00 | 0.60 |
| USD | ARAB PETROLEUM INVESTMENTS CORP-REG-S 1.46000% 20-30.06.25 | 1 000 000.00 | 919 274.00 | 0.14 |
| USD | BNP PARIBAS-REG-S 3.80000% 17-10.01.24 | 4 000 000.00 | 3 932 104.76 | 0.59 |
| USD | CREDIT AGRICOLE SA LONDON-REG-S 3.25000% 17-04.10.24 | 2 000 000.00 | 1 927 826.46 | 0.29 |
| USD | GOLDMAN SACHS GROUP INC STEP-UP 18-31.05.24 | 1 258 000.00 | 1 238 405.90 | 0.19 |
| USD | JOHN DEERE CAPITAL CORP 0.625000% 21-10.09.24 | 910 000.00 | 848 782.77 | 0.13 |
| USD | LENOVO GROUP LTD-REG-S 5.87500% 20-24.04.25 | 2 000 000.00 | 1 945 880.00 | 0.29 |
| USD | MDGH - GMTN BV-REG-S 2.50000% 19-07.11.24 | 1 000 000.00 | 952 687.50 | 0.14 |
| USD | NORDEA BANK ABP-REG-S 1.50000% 21-30.09.26 | 5 000 000.00 | 4 323 910.85 | 0.65 |
| USD | OVERSEA-CHINESE BANKING CORP-144A-SUB 4.25000% 14-19.06.24 | 2 000 000.00 | 1 965 807.20 | 0.29 |
| USD | QNB FINANCE LTD-REG-S 3.50000% 19-28.03.24 | 1 000 000.00 | 976 437.50 | 0.15 |
| USD | SWIRE PACIFIC MTN FINANCING LTD-REG-S 4.50000% 13-09.10.23 | 1 500 000.00 | 1 489 972.50 | 0.22 |
| USD | TORONTO-DOMINION BANK 3.25000% 19-11.03.24 | 3 000 000.00 | 2 938 307.22 | 0.44 |
| USD | TOYOTA MOTOR CREDIT CORP 1.45000% 22-13.01.25 | 1 700 000.00 | 1 595 918.30 | 0.24 |
| Total USD |  |  | 30 859 420.10 | 4.63 |
| Total Medium term notes, fixed rate |  | 42 009 073.70 | 6.31 |
| Medium term notes, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	BECTON DICKINSON AND CO 0.00000% 21-13.08.23 | 840 000.00 | 847 280.95 | 0.13 |
| Total EUR |  | 847 280.95 | 0.13 |
| Total Medium term notes, zero coupon |  | 847 280.95 | 0.13 |
| Medium term notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	ALLIANZ SE-REG-S-SUB 4.750%/3M EURIBOR+360BP 13-PRP | 1 500 000.00 | 1 535 022.81 | 0.23 |
| Total EUR |  | 1 535 022.81 | 0.23 |
| USD |  |  |  |
| USD	AIB GROUP PLC-REG-S 4.263%/VAR 19-10.04.25 | 1 500 000.00 | 1 444 067.26 | 0.22 |
| USD	BANK OF AMERICA CORP 2.456%/VAR 19-22.10.25 | 5 000 000.00 | 4 704 545.60 | 0.71 |
| USD	BANK OF AMERICA CORP 0.981%/VAR 20-25.09.25 | 3 000 000.00 | 2 748 087.03 | 0.41 |
| USD	BANK OF AMERICA CORP 0.810%/VAR 20-24.10.24 | 7 000 000.00 | 6 686 667.82 | 1.00 |
| USD	DBS GROUP HOLDINGS LTD-144A-SUB 4.520%/VAR 18-11.12.28 | 3 000 000.00 | 2 961 609.24 | 0.44 |
| USD	MACQUARIE GROUP LTD-144A 1.201%/VAR 21-14.10.25 | 4 000 000.00 | 3 639 709.60 | 0.55 |
| USD	MACQUARIE GROUP LTD-REG-S 4.150%/3M LIBOR+133BP 18-27.03.24 | 2 530 000.00 | 2 516 149.51 | 0.38 |
| USD	RABOBANK NEDERLAND NV-REG-S-SUB 4.000%/VAR 17-10.04.29 | 3 000 000.00 | 2 834 400.00 | 0.42 |
| USD	UNITED OVERSEAS BANK LTD-REG-S-SUB 3.750%/VAR 19-15.04.29 | 2 453 000.00 | 2 381 970.68 | 0.36 |
| Total USD |  | 29 917 206.74 | 4.49 |
| Total Medium term notes, floating rate |  | 31 452 229.55 | 4.72 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	WIENERBERGER AG-REG-S 2.00000% 18-02.05.24 | 2 000 000.00 | 2 010 288.67 | 0.30 |
| EUR	WINTERSHALL DEA FINANCE BV-REG-S 0.45200% 19-25.09.23 | 2 000 000.00 | 2 002 776.33 | 0.30 |
| Total EUR |  | 4 013 065.00 | 0.60 |
| GBP |  |  |  |
| GBP	JAGUAR LAND ROVER AUTOMOTIVE PLC-REG-S 3.87500% 15-01.03.23 | 500 000.00 | 588 751.19 | 0.09 |
| Total GBP |  | 588 751.19 | 0.09 |
| USD |  |  |  |
| USD	CANADIAN IMPERIAL BANK OF-REG-S 1.15000% 21-08.07.26 | 4 500 000.00 | 3 974 582.34 | 0.60 |
| USD	CK HUTCHISON INTERNATIONAL LTD-REG-S 3.25000% 19-11.04.24 | 4 000 000.00 | 3 904 916.25 | 0.59 |
| USD	DANONE-REG-S 2.58900% 16-02.11.23 | 729 000.00 | 711 803.24 | 0.11 |
| USD	DEUTSCHE BANK AG/LONDON 3.70000% 14-30.05.24 | 5 000 000.00 | 4 896 463.30 | 0.73 |
| USD	GILEAD SCIENCES INC 3.70000% 14-01.04.24 | 3 000 000.00 | 2 951 340.45 | 0.44 |
| USD	KINDER MORGAN INC 4.30000% 14-01.06.25 | 2 000 000.00 | 1 970 431.20 | 0.30 |
| USD	LG CHEM LTD-REG-S 3.25000% 19-15.10.24 | 2 000 000.00 | 1 915 300.00 | 0.29 |
| USD	MIZUHO FINANCE GRP CAY 3 LTD-REG-S-SUB 4.60000% 14-27.03.24 | 5 000 000.00 | 4 912 600.00 | 0.74 |
| USD	NOVARTIS CAPITAL CORP 3.40000% 14-06.05.24 | 2 000 000.00 | 1 968 774.20 | 0.29 |
| USD	PRAXAIR INC 2.65000% 15-05.02.25 | 1 000 000.00 | 961 553.67 | 0.14 |
| USD	SUMITOMO MITSUI FIN GP INC-144A-SUB 4.43600% 14-02.04.24 | 1 500 000.00 | 1 472 869.76 | 0.22 |
| USD	UBS AG-REG-S-SUB 5.12500% 14-15.05.24 | 3 400 000.00 | 3 334 577.20 | 0.50 |
| Total USD |  | 32 975 211.61 | 4.95 |
| Total Bonds, fixed rate |  | 37 577 027.80 | 5.64 |
| Bonds, floating rate |  |  |  |
| USD |  |  |  |
| USD	ALLSTATE CORP-SUB 5.750%/3M LIBOR+293.8BP 13-15.08.53 | 250 000.00 | 230 375.00 | 0.04 |
| USD	BP CAPITAL MARKETS PLC-SUB 4.375%/VAR 20-PRP | 3 800 000.00 | 3 614 750.00 | 0.54 |
| USD	JP MORGAN CHASE & CO 2.005%/VAR 20-13.03.26 | 5 000 000.00 | 4 646 248.20 | 0.70 |
| USD	NBK TIER 1 FINANCING 2 LTD-REG-S-SUB 4.500%/VAR 19-PRP | 3 300 000.00 | 2 991 615.00 | 0.45 |
| USD	SKANDINAVISKA ENSKILDA BANKEN-REG-S-SUB 5.125%/VAR 19-PRP | 3 000 000.00 | 2 805 000.00 | 0.42 |
| USD	SWISS RE FINANCE LUXEMBOURG-REG-S-SUB 4.250%/VAR 19-PRP | 2 000 000.00 | 1 695 200.00 | 0.25 |
| USD	VODAFONE GROUP PLC-REG-S-SUB 6.250%/VAR 18-03.10.78 | 3 000 000.00 | 2 887 500.00 | 0.43 |
| Total USD |  | 18 870 688.20 | 2.83 |
| Total Bonds, floating rate |  | 18 870 688.20 | 2.83 |

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

Convertible bonds, floating rate
| USD |  |
| --- | --- |
| USD | BANK OF MONTREAL-SUB 4.338%/VAR 18-05.10.28 | 5 000 000.00 | 4 904 596.20 | 0.74 |
| USD | BARCLAYS PLC-SUB COCO 8.000%/VAR 19-PRP | 3 000 000.00 | 2 887 500.00 | 0.43 |
| Total USD |  |  | 7 792 096.20 | 1.17 |
| Total Convertible bonds, floating rate |  | 7 792 096.20 | 1.17 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 524 803 999.12 | 78.80 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Asset Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICREDIT AUTOMOBILE RECEIVABLE TRUST 4.04000% 18-18.11.24 | 1 100 000.00 | 1 090 123.65 | 0.16 |
| USD	COLT MERGER SUB INC-144A 3.60000% 18-25.02.48 | 4 338 000.00 | 1 344 465.33 | 0.20 |
| USD	EXETER AUTOMOBILE RECEIVABLES-144A 4.35000% 18-16.09.24 | 865 000.00 | 259 263.47 | 0.04 |
| Total USD |  | 2 693 852.45 | 0.40 |
| Total Asset Backed Securities, fixed rate |  | 2 693 852.45 | 0.40 |
| Mortgage Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BWAY 2013-1515 MORTGAGE TRUST-144A 3.45430% 13-10.03.33 | 4 000 000.00 | 3 747 632.40 | 0.57 |
| USD	COMM 2015-3BP MORTGAGE TRUST-144A-SUB 3.17800% 15-01.02.35 | 4 055 000.00 | 3 745 683.78 | 0.56 |
| USD	COMM 2015-CCRE22 MORTGAGE TRUST 3.92600% 15-01.03.48 | 1 000 000.00 | 930 144.50 | 0.14 |
| USD	JP MORGAN CHASE MORTGAGE SEC-144A 3.73450% 18-01.01.31 | 2 605 000.00 | 2 594 877.24 | 0.39 |
| Total USD |  | 11 018 337.92 | 1.66 |
| Total Mortgage Backed Securities, fixed rate |  | 11 018 337.92 | 1.66 |
| Mortgage Backed Securities, floating rate |  |  |  |
| USD |  |  |  |
| USD	CITYLINE COMMERCIAL MORTGAGE TRUST VAR 21-01.11.31 | 1 000 000.00 | 945 142.00 | 0.14 |
| USD	COMM 2014-CCRE15 MORTGAGE TRUST-SUB VAR 14-01.02.47 | 325 000.00 | 312 002.27 | 0.05 |
| USD	COMMERCIAL MORTGAGE PASS-THR-144A 3.812163%/VAR 13-01.06.46 | 2 500 000.00 | 2 468 961.25 | 0.37 |
| USD	MSCG TRUST 2018-SELF-144A-SUB 1M LIBOR+90BP 18-15.10.37 | 1 000 000.00 | 890 341.81 | 0.13 |
| Total USD |  | 4 616 447.33 | 0.69 |
| Total Mortgage Backed Securities, floating rate |  | 4 616 447.33 | 0.69 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AKER BP ASA-144A 3.00000% 20-15.01.25 | 3 000 000.00 | 2 838 504.09 | 0.43 |
| USD	AUSTRALIA & NEW ZEALAND BNK-REG-S-SUB 4.50000% 14-19.03.24 | 5 000 000.00 | 4 929 464.50 | 0.74 |
| USD	BAKER HUGHES HOLDINGS LLC / BAKER HUGH 1.23100% 21-15.12.23 | 1 500 000.00 | 1 444 259.88 | 0.22 |
| USD	BANK OF NEW ZEALAND-144A 3.50000% 19-20.02.24 | 4 885 000.00 | 4 798 193.55 | 0.72 |
| USD	BAXTER INTERNATIONAL INC 1.32200% 22-29.11.24 | 1 000 000.00 | 930 077.67 | 0.14 |
| USD	BAYER US FINANCE LLC-144A 3.37500% 14-08.10.24 | 4 000 000.00 | 3 868 076.88 | 0.58 |
| USD	BERRY GLOBAL INC 0.95000% 21-15.02.24 | 1 000 000.00 | 949 556.50 | 0.14 |
| USD	BLOCK INC 2.75000% 21-01.06.26 | 1 000 000.00 | 893 700.00 | 0.13 |
| USD	BROADCOM INC 3.15000% 20-15.11.25 | 2 000 000.00 | 1 903 092.14 | 0.29 |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 2.85000% 16-18.05.26 | 2 000 000.00 | 1 871 968.74 | 0.28 |
| USD	ENEL FINANCE INTERNATIONAL SA-144A 2.65000% 19-10.09.24 | 1 000 000.00 | 955 640.88 | 0.14 |
| USD	ENEL FINANCE INTERNATIONAL NV-REG-S 2.65000% 19-10.09.24 | 1 500 000.00 | 1 433 461.32 | 0.22 |
| USD	ENEL FINANCE INTERNATIONAL NV-REG-S 6.80000% 22-14.10.25 | 470 000.00 | 486 694.72 | 0.07 |
| USD	ERAC USA FINANCE LLC-144A 2.70000% 16-01.11.23 | 1 000 000.00 | 975 682.34 | 0.15 |
| USD	GLP CAPITAL LP / GLP FINANC II INC 5.37500% 14-01.11.23 | 1 000 000.00 | 990 170.00 | 0.15 |
| USD	LIBERTY MUTUAL GROUP INC-144A 4.25000% 13-15.06.23 | 1 850 000.00 | 1 833 707.20 | 0.28 |
| USD	MASSMUTUAL GLOBAL FUNDING II-REG-S 4.15000% 22-26.08.25 | 1 000 000.00 | 981 573.14 | 0.15 |
| USD	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 4.05000% 22-25.08.25 | 690 000.00 | 675 604.93 | 0.10 |
| USD	NORDEA BANK AB-144A 0.62500% 21-24.05.24 | 2 400 000.00 | 2 244 238.13 | 0.34 |
| USD	NORDEA BANK ABP -REG-S 3.60000% 22-06.06.25 | 1 400 000.00 | 1 356 366.33 | 0.20 |
| USD	NXP BV / NXP FUNDING LLC 4.87500% 22-01.03.24 | 2 500 000.00 | 2 471 562.50 | 0.37 |
| USD	PENSKE TRUCK LEASING/PTL FIN CORP-144A 2.70000% 19-01.11.24 | 1 235 000.00 | 1 161 521.82 | 0.17 |
| USD	RABOBANK UTRECHT-144A 2.62500% 19-22.07.24 | 2 000 000.00 | 1 913 726.00 | 0.29 |
| USD	ROCHE HOLDINGS INC-144A 0.45000% 21-05.03.24 | 5 000 000.00 | 4 741 904.05 | 0.71 |
| USD	SCHLUMBERGER HOLDINGS CORP-144A 3.75000% 19-01.05.24 | 500 000.00 | 491 447.52 | 0.07 |
| USD	SUNCORP-METWAY LTD-144A 3.30000% 19-15.04.24 | 2 350 000.00 | 2 281 810.29 | 0.34 |
| USD	WEA FIN LLC/ WESTF UK&EUR FIN PLC-REG-S 3.75000% 14-17.09.24 | 1 000 000.00 | 947 363.49 | 0.14 |
| Total USD |  | 50 369 368.61 | 7.56 |
| Total Notes, fixed rate |  | 50 369 368.61 | 7.56 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	DANSKE BANK A/S-144A 3.773%/VAR 22-28.03.25 | 3 000 000.00 | 2 888 211.78 | 0.43 |
| USD	ING GROEP NV 3.869%/VAR 22-28.03.26 | 4 000 000.00 | 3 842 492.44 | 0.58 |
| Total USD |  | 6 730 704.22 | 1.01 |
| Total Notes, floating rate |  | 6 730 704.22 | 1.01 |

UBS (Lux) Bond SICAV – Short Term USD 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
| USD |  |
| --- | --- |
| USD | ASB BANK LTD-REG-S 3.12500% 19-23.05.24 | 1 500 000.00 | 1 454 195.40 | 0.22 |
| USD | BRIGHTHOUSE FINANCIAL GLOBAL FUND-REG-S 0.60000% 21-28.06.23 | 1 200 000.00 | 1 167 081.20 | 0.18 |
| USD | CREDIT AGRICOLE SA LONDON-144A 3.25000% 17-04.10.24 | 2 700 000.00 | 2 602 565.72 | 0.39 |
| USD | INTESA SANPAOLO SPA-144A-SUB 5.01700% 14-26.06.24 | 2 000 000.00 | 1 926 700.84 | 0.29 |
| Total USD |  |  | 7 150 543.16 | 1.08 |
| Total Medium term notes, fixed rate |  | 7 150 543.16 | 1.08 |
| Bonds, floating rate |  |  |  |
| USD |  |  |  |
| USD	BANCO BILBAO VIZCA ARGTARIA SA 5.862%/VAR 14.09.22-14.09.26 | 7 000 000.00 | 6 969 390.82 | 1.05 |
| USD	SCENTRE GROUP TRUST 2-REG-S-SUB 4.750%/VAR 20-24.09.80 | 3 700 000.00 | 3 257 150.33 | 0.49 |
| Total USD |  | 10 226 541.15 | 1.54 |
| Total Bonds, floating rate |  | 10 226 541.15 | 1.54 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 92 805 794.84 | 13.94 |

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 | SIEMENS FINANCIERINGSMAATSCHAPPIJ-144A 0.65000% 21-11.03.24 | 5 000 000.00 | 4 738 059.00 | 0.71 |
| USD | SWEDBANK AB-REG-S 3.35600% 22-04.04.25 | 1 156 000.00 | 1 105 408.28 | 0.17 |
| USD | TRITON CONTAINER INTERNATIONAL-REG-S 1.15000% 21-07.06.24 | 585 000.00 | 539 040.94 | 0.08 |
| Total USD |  |  | 6 382 508.22 | 0.96 |
| Total Notes, fixed rate |  | 6 382 508.22 | 0.96 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	NBN CO LTD-REG-S 0.87500% 21-08.10.24 | 3 600 000.00 | 3 308 520.96 | 0.50 |
| Total USD |  | 3 308 520.96 | 0.50 |
| Total Medium term notes, fixed rate |  | 3 308 520.96 | 0.50 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market |  | 9 691 029.18 | 1.46 |
| Other money market instruments in accordance with Article 41 (1) h) |  |  |  |
| Euro Commercial Papers, zero coupon |  |  |  |
| USD |  |  |  |
| USD	SKANDINAVISKA ENSKILD ECP 0.00000% 19.07.22-18.07.23 | 7 000 000.00 | 6 773 678.10 | 1.02 |
| USD	TORONTO DOMINION BANK ECP 0.00000% 19.07.22-18.07.23 | 5 000 000.00 | 4 836 247.75 | 0.72 |
| Total USD |  | 11 609 925.85 | 1.74 |
| Total Euro Commercial Papers, zero coupon | 11 609 925.85 | 1.74 |
| Total Other money market instruments in accordance with Article 41 (1) h) | 11 609 925.85 | 1.74 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |  |
| Investment funds, open end |  |  |
| Ireland |  |  |
| USD	UBS (IRL) SELECT MONEY MARKET FUND-USD-S-DIST	100.00 | 1 000 000.00 | 0.15 |
| Total Ireland | 1 000 000.00 | 0.15 |
| Total Investment funds, open end | 1 000 000.00 | 0.15 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 1 000 000.00 | 0.15 |
| Total investments in securities | 639 910 748.99 | 96.09 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange |
| Financial Futures on bonds |
|  |  |  |  |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.23 | 500.00 | 207 032.00 | 0.03 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.23 | -100.00 | -32 031.30 | 0.00 |
| Total Financial Futures on bonds |  | 175 000.70 | 0.03 |
| Total Derivative instruments listed on an official stock exchange |  | 175 000.70 | 0.03 |
| Total Derivative instruments |  | 175 000.70 | 0.03 |

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

Forward Foreign Exchange contracts
Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date
| USD | 2 321 542.35 | EUR | 2 015 000.00 | 27.2.2023 | 233 052.44 | 0.03 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 2 672 509.20 | GBP | 2 000 000.00 | 1.3.2023 | 284 282.30 | 0.04 |
| USD | 558 398.90 | EUR | 500 000.00 | 19.1.2023 | 41 471.37 | 0.01 |
| USD | 2 109 845.12 | EUR | 1 930 000.00 | 30.5.2023 | 96 454.28 | 0.02 |
| USD | 1 660 808.32 | EUR | 1 516 000.00 | 30.5.2023 | 79 305.46 | 0.01 |
| USD | 2 118 415.99 | EUR | 1 947 400.00 | 30.5.2023 | 86 873.33 | 0.01 |
| USD | 1 476 536.49 | EUR | 1 410 000.00 | 28.7.2023 | -618.04 | 0.00 |
| USD | 1 369 826.90 | EUR | 1 300 000.00 | 14.8.2023 | 6 493.38 | 0.00 |
| USD | 3 137 805.00 | EUR | 3 000 000.00 | 5.7.2023 | -72.62 | 0.00 |
| USD | 4 466 476.73 | CHF | 4 250 000.00 | 28.4.2023 | -74 036.20 | -0.01 |
| USD | 3 176 836.60 | EUR | 3 100 000.00 | 14.8.2023 | -74 189.50 | -0.01 |
| USD | 1 938 836.00 | EUR | 1 900 000.00 | 25.9.2023 | -59 216.29 | -0.01 |
| EUR | 251 868 100.00 | USD | 260 416 503.31 | 3.1.2023 | -340 777.51 | -0.05 |
| CHF | 160 923 800.00 | USD | 169 838 450.42 | 3.1.2023 | -182 277.55 | -0.03 |
| USD | 32 175 318.42 | CHF | 30 220 700.00 | 3.1.2023 | 314 721.64 | 0.05 |
| EUR | 597 800.00 | USD | 622 048.26 | 3.1.2023 | -4 767.75 | 0.00 |
| USD | 248 547.69 | CHF | 234 700.00 | 3.1.2023 | 1 111.92 | 0.00 |
| USD | 1 815 091.58 | CHF | 1 719 800.00 | 3.1.2023 | 1 968.31 | 0.00 |
| Total Forward Foreign Exchange contracts | 409 778.97 | 0.06 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 24 057 260.54 | 3.61 |
| Other assets and liabilities | 1 403 648.10 | 0.21 |
| Total net assets | 665 956 437.30 | 100.00 |

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

Translation (ENFR, 2022-11-30):
# UBS (Lux) Bond SICAV
– Short Term USD Corporates Sustainable (USD)
| Données principales |  |
| --- | --- |
|  | ISIN | 30.11.2022 | 31.5.2022 | 31.5.2021 |
| Actif net en USD |  | 665 956 437.30 | 700 977 615.75 | 1 008 206 695.37 |
| Catégorie F-acc | LU0396352246 |  |  |  |
| Actions en circulation |  | 722 928.0000 | 231 925.0000 | 354 929.2490 |
| Valeur nette d’inventaire par action en USD |  | 110.41 | 111.82 | 115.73 |
| Prix d’émission et de rachat par action en USD 1 |  | 110.41 | 111.82 | 115.73 |
| Catégorie (CHF hedged) F-acc | LU1289971720 |  |  |  |
| Actions en circulation |  | 202 291.0000 | 233 062.0000 | 392 668.0000 |
| Valeur nette d’inventaire par action en CHF |  | 95.71 | 98.34 | 102.89 |
| Prix d’émission et de rachat par action en CHF 1 |  | 95.71 | 98.34 | 102.89 |
| Catégorie (EUR hedged) F-acc | LU1717044058 |  |  |  |
| Actions en circulation |  | 176 939.8240 | 176 305.8240 | 194 570.7880 |
| Valeur nette d’inventaire par action en EUR |  | 96.56 | 98.99 | 103.32 |
| Prix d’émission et de rachat par action en EUR 1 |  | 96.56 | 98.99 | 103.32 |
| Catégorie I-A1-acc | LU0849031678 |  |  |  |
| Actions en circulation |  | 267 766.3660 | 63 547.7350 | 367 843.0520 |
| Valeur nette d’inventaire par action en USD |  | 112.92 | 114.44 | 118.60 |
| Prix d’émission et de rachat par action en USD 1 |  | 112.92 | 114.44 | 118.60 |
| Catégorie I-A2-acc | LU0838529096 |  |  |  |
| Actions en circulation |  | 12 710.2450 | 10 809.4490 | 21 153.0110 |
| Valeur nette d’inventaire par action en USD |  | 113.75 | 115.25 | 119.39 |
| Prix d’émission et de rachat par action en USD 1 |  | 113.75 | 115.25 | 119.39 |
| Catégorie (EUR hedged) I-A3-acc 2 | LU2352401819 |  |  |  |
| Actions en circulation |  | 1 146 307.1980 | 1 660 237.5670 | - |
| Valeur nette d’inventaire par action en EUR |  | 93.56 | 95.92 | - |
| Prix d’émission et de rachat par action en EUR 1 |  | 93.56 | 95.92 | - |
| Catégorie I-B-acc | LU0396353483 |  |  |  |
| Actions en circulation |  | 280 747.1790 | 352 423.9550 | 775 546.7270 |
| Valeur nette d’inventaire par action en USD |  | 113.78 | 115.10 | 118.86 |
| Prix d’émission et de rachat par action en USD 1 |  | 113.78 | 115.10 | 118.86 |
| Catégorie (EUR hedged) I-B-acc | LU1323607827 |  |  |  |
| Actions en circulation |  | 110 903.2280 | 343 998.1870 | 678 297.3960 |
| Valeur nette d’inventaire par action en EUR |  | 99.21 | 101.57 | 105.74 |
| Prix d’émission et de rachat par action en EUR 1 |  | 99.21 | 101.57 | 105.74 |
| Catégorie I-X-acc | LU0396353640 |  |  |  |
| Actions en circulation |  | 457 758.9130 | 499 150.5490 | 617 147.4280 |
| Valeur nette d’inventaire par action en USD |  | 114.57 | 115.86 | 119.57 |
| Prix d’émission et de rachat par action en USD 1 |  | 114.57 | 115.86 | 119.57 |
| Catégorie (CHF hedged) I-X-acc | LU0920821211 |  |  |  |
| Actions en circulation |  | 1 136 016.8700 | 1 534 204.0270 | 2 035 224.9160 |
| Valeur nette d’inventaire par action en CHF |  | 98.19 | 100.73 | 105.05 |
| Prix d’émission et de rachat par action en CHF 1 |  | 98.19 | 100.73 | 105.05 |
| Catégorie (EUR hedged) I-X-acc | LU1632887292 |  |  |  |
| Actions en circulation |  | 1 250 008.4780 | 683 732.7840 | 728 623.6320 |
| Valeur nette d’inventaire par action en EUR |  | 97.69 | 99.99 | 104.03 |
| Prix d’émission et de rachat par action en EUR 1 |  | 97.69 | 99.99 | 104.03 |
| Catégorie (CHF hedged) K-B-acc | LU2273245626 |  |  |  |
| Actions en circulation |  | 5 498.7010 | 5 498.7010 | 5 498.7010 |
| Valeur nette d’inventaire par action en CHF |  | 93.61 | 96.08 | 100.28 |
| Prix d’émission et de rachat par action en CHF 1 |  | 93.61 | 96.08 | 100.28 |
| Catégorie K-B-mdist | LU2204822436 |  |  |  |
| Actions en circulation |  | 23 511.5180 | 30 933.7340 | 92 248.4920 |
| Valeur nette d’inventaire par action en USD |  | 94.93 | 96.73 | 101.02 |
| Prix d’émission et de rachat par action en USD 1 |  | 94.93 | 96.73 | 101.02 |
| Catégorie (EUR hedged) K-X-acc | LU1620846318 |  |  |  |
| Actions en circulation |  | 25.5790 | 25.5790 | 25.5790 |
| Valeur nette d’inventaire par action en EUR |  | 97.67 | 99.98 | 104.05 |
| Prix d’émission et de rachat par action en EUR 1 |  | 97.67 | 99.98 | 104.05 |
| Catégorie P-acc | LU0151774972 |  |  |  |
| Actions en circulation |  | 308 654.8890 | 390 075.5730 | 415 204.4590 |
| Valeur nette d’inventaire par action en USD |  | 141.75 | 143.95 | 149.83 |
| Prix d’émission et de rachat par action en USD 1 |  | 141.75 | 143.95 | 149.83 |
| Catégorie Q-acc | LU0396352592 |  |  |  |
| Actions en circulation |  | 183 110.3010 | 200 208.7440 | 144 134.9500 |
| Valeur nette d’inventaire par action en USD |  | 114.96 | 116.54 | 120.86 |
| Prix d’émission et de rachat par action en USD 1 |  | 114.96 | 116.54 | 120.86 |

UBS (Lux) Bond SICAV – Short Term USD Corporates Sustainable (USD)
Rapport semestriel au 30 novembre 2022
|  | ISIN | 30.11.2022 | 31.5.2022 | 31.5.2021 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Catégorie U-X-acc 3 | LU0396353996 |  |  |  |
| Actions en circulation |  | - | - | 15 520.0000 |
| Valeur nette d’inventaire par action en USD |  | - | - | 11 458.80 |
| Prix d’émission et de rachat par action en USD 1 |  | - | - | 11 458.80 |
| 1  Voir note 1 2  Première VNI 21.6.2021 3  La catégorie d’actions U-X-acc était en circulation jusqu’au 8.11.2021 |  |  |  |  |
| Structure du portefeuille-titres |  |  |  |  |

Répartition géographique en % de l’actif net	
Etats-Unis	41.23
Grande-Bretagne	11.19
Pays-Bas	5.79
Australie	4.52
France	4.28
Canada	3.56
Iles Caïmans	3.04
Suisse	2.68
Espagne	2.52
Suède	1.92
Allemagne	1.60
Finlande	1.50
Norvège	1.42
Irlande	1.39
Japon	1.30
Nouvelle-Zélande	1.22
Singapour	1.10
Italie	1.09
Danemark	0.71
Emirats arabes unis	0.59
Chine	0.55
Mexique	0.47
Guernesey	0.43
Multinationaux	0.37
Autriche	0.30
Corée du Sud	0.29
Luxembourg	0.26
Hong Kong	0.23
Jersey	0.18
Supranationaux	0.14
Ouzbékistan	0.14
Bermudes	0.08
Répartition économique en % de l’actif net	
Banques & instituts de crédit	41.85
Etablissements financiers et sociétés de participation	23.55
Internet, logiciels et services informatiques	3.05
Emetteurs d’obligations sécurisées (Pfandbriefe) et
sociétés de refinancement	2.85
Télécommunications	2.74
Assurances	2.60
Produits pharmaceutiques, cosmétiques & médicaux	2.13
Alimentation & softs	1.95
Trafic et transport	1.94
Biotechnologie	1.67
Pétrole	1.62
Véhicules	1.56
Distribution d’énergie & d’eau	1.20
Equipement informatique et de réseau	1.17
Chimie	0.95
Electronique et semi-conducteurs	0.89
Immobilier	0.71
Diverses sociétés non classées	0.64
Industrie graphique, édition et médias	0.44
Bâtiment et matériaux de construction	0.42
Appareils et composants électriques	0.37
Services divers	0.36
Industrie aéronautique et spatiale	0.30
Commerce de détail, centres commerciaux	0.30
Machines et appareils	0.22
Soins de santé & services sociaux	0.17
Fonds de placement	0.15
Restauration et loisirs	0.15
Organisations supranationales	0.14
Total	96.09
Total	96.09
UBS (Lux) Bond SICAV – Short Term USD Corporates Sustainable (USD) Rapport semestriel au 30 novembre 2022

## Etat des actifs nets
Actif	30.11.2022
USD
Portefeuille-titres, cours d’achat	689 120 671.52
| Portefeuille-titres, plus- (moins-) value non-réalisée | 	-49 209 922.53	 |
| --- | --- |
| Total portefeuille-titres (note 1) | 639 910 748.99 |
| Avoirs en banque, dépôts à vue et à terme | 23 426 367.54 |
| Autres liquidités (marges) | 630 893.00 |
| A recevoir sur souscriptions | 1 252 638.32 |
| Intérêts à recevoir sur titres | 4 719 120.26 |
| Bénéfice non réalisé sur contrats financiers à terme (note 1) | 175 000.70 |
| Bénéfice non réalisé sur contrats de change à terme (note 1) | 409 778.97 |
| Total Actif | 670 524 547.78 |
|  |  |
| Passif |  |
| Intérêts à payer sur crédit en compte courant | -28.43 |
| A payer sur achats de titres (note 1) | -1 896.60 |
| A payer sur rachats | -4 380 502.71 |
| Provisions pour commission de gestion forfaitaire (note 2) | -105 194.46 |
| Provisions pour taxe d’abonnement (note 3) | -16 292.96 |
| Provisions pour autres commissions et frais (note 2) | 	-64 195.32	 |
| Total des Provisions pour frais | -185 682.74 |
| Total Passif | -4 568 110.48 |
|  |  |
| Actifs nets à la fin de la période | 665 956 437.30 |
| Etat des opérations | USD |
| Revenus | 1.6.2022-30.11.2022 |
| Revenus d’intérêts sur liquidités | 103 088.13 |
| Intérêts sur titres | 10 563 207.77 |
| Dividendes | 51 502.98 |
| Revenus nets sur prêts de titres (note 11) | 131 398.97 |
| Autres revenus (note 4) | 240 857.36 |
| Total des Revenus | 11 090 055.21 |
|  |  |
| Charges |  |
| Charges d’intérêts sur swaps (note 1) | -7 856.93 |
| Commission de gestion forfaitaire (note 2) | -635 220.77 |
| Taxe d’abonnement (note 3) | -47 143.83 |
| Autres commissions et frais (note 2) | -44 892.93 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -54.45 |
| Total des Charges | -735 168.91 |
|  |  |
| Revenus (Pertes) net(te)s des investissements | 10 354 886.30 |
|  |  |
| Bénéfices (pertes) réalisé(e)s (note 1) |  |
| Bénéfice (perte) réalisé(e) sur titres évalués à la valeur de marché hors options | -9 551 791.83 |
| Bénéfice (perte) réalisé(e) sur instruments du marché monétaire et titres évalués en fonction des rendements | 46 713.85 |
| Bénéfice (perte) réalisé(e) sur contrats financiers à terme | -2 430 389.39 |
| Bénéfice (perte) réalisé(e) sur contrats de change à terme | -8 809 566.22 |
| Bénéfice (perte) réalisé(e) sur swaps | 88 999.98 |
| Bénéfice (perte) réalisé(e) de change réalisé(e) | 1 852 011.51 |
| Total des Bénéfices (pertes) réalisé(e)s | -18 804 022.10 |
|  |  |
| Bénéfice (perte) net(te) réalisé(e) au cours de la période | -8 449 135.80 |
|  |  |
| Variations des plus- (moins-) values non-réalisées (note 1) |  |
| Plus- (Moins-) value non réalisée sur titres évalués à la valeur de marché hors options | -7 713 872.73 |
| Plus- (Moins-) value non réalisée sur instruments du marché monétaire et titres évalués en fonction des rendements	68 320.00 |
| Plus- (Moins-) value non réalisée sur contrats financiers à terme | 11 563.68 |
| Plus- (Moins-) value non réalisée sur contrats de change à terme | -8 029 062.27 |
| Total des Variations des plus- (moins-) values non-réalisées | -15 663 051.32 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | -24 112 187.12 |

UBS (Lux) Bond SICAV – Short Term USD Corporates 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 | 700 977 615.75 |
| Souscriptions | 183 297 233.02 |
| Rachats | 	-194 186 646.95	 |
| Souscriptions (Rachats) net(te)s | -10 889 413.93 |
| Dividendes versés | -19 577.40 |
| Revenus (Pertes) net(te)s des investissements | 10 354 886.30 |
| Total des Bénéfices (pertes) réalisé(e)s | -18 804 022.10 |
| Total des Variations des plus- (moins-) values non-réalisées | 	-15 663 051.32	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | -24 112 187.12 |
| Actifs nets à la fin de la période | 665 956 437.30 |
| Evolution des actions en circulation |  |
|  | 1.6.2022-30.11.2022 |
| Catégorie | F-acc |
| Nombre d’actions en circulation au début de la période | 231 925.0000 |
| Nombre d’actions émises | 553 109.0000 |
| Nombre d’actions rachetées | -62 106.0000 |
| Nombre d’actions en circulation à la fin de la période | 722 928.0000 |
| Catégorie | (CHF hedged) F-acc |
| Nombre d’actions en circulation au début de la période | 233 062.0000 |
| Nombre d’actions émises | 12 339.0000 |
| Nombre d’actions rachetées | -43 110.0000 |
| Nombre d’actions en circulation à la fin de la période | 202 291.0000 |
| Catégorie | (EUR hedged) F-acc |
| Nombre d’actions en circulation au début de la période | 176 305.8240 |
| Nombre d’actions émises | 18 702.0000 |
| Nombre d’actions rachetées | -18 068.0000 |
| Nombre d’actions en circulation à la fin de la période | 176 939.8240 |
| Catégorie | I-A1-acc |
| Nombre d’actions en circulation au début de la période | 63 547.7350 |
| Nombre d’actions émises | 228 064.3920 |
| Nombre d’actions rachetées | -23 845.7610 |
| Nombre d’actions en circulation à la fin de la période | 267 766.3660 |
| Catégorie | I-A2-acc |
| Nombre d’actions en circulation au début de la période | 10 809.4490 |
| Nombre d’actions émises | 1 900.7960 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 12 710.2450 |
| Catégorie | (EUR hedged) I-A3-acc |
| Nombre d’actions en circulation au début de la période | 1 660 237.5670 |
| Nombre d’actions émises | 147 917.6920 |
| Nombre d’actions rachetées | -661 848.0610 |
| Nombre d’actions en circulation à la fin de la période | 1 146 307.1980 |
| Catégorie | I-B-acc |
| Nombre d’actions en circulation au début de la période | 352 423.9550 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -71 676.7760 |
| Nombre d’actions en circulation à la fin de la période | 280 747.1790 |
| Catégorie | (EUR hedged) I-B-acc |
| Nombre d’actions en circulation au début de la période | 343 998.1870 |
| Nombre d’actions émises | 49 434.6750 |
| Nombre d’actions rachetées | -282 529.6340 |
| Nombre d’actions en circulation à la fin de la période | 110 903.2280 |
| Catégorie | I-X-acc |
| Nombre d’actions en circulation au début de la période | 499 150.5490 |
| Nombre d’actions émises | 3 034.7610 |
| Nombre d’actions rachetées | -44 426.3970 |
| Nombre d’actions en circulation à la fin de la période | 457 758.9130 |
| Catégorie | (CHF hedged) I-X-acc |
| Nombre d’actions en circulation au début de la période | 1 534 204.0270 |
| Nombre d’actions émises | 17 576.2890 |
| Nombre d’actions rachetées | -415 763.4460 |
| Nombre d’actions en circulation à la fin de la période | 1 136 016.8700 |
| Catégorie | (EUR hedged) I-X-acc |
| Nombre d’actions en circulation au début de la période | 683 732.7840 |
| Nombre d’actions émises | 566 882.0000 |
| Nombre d’actions rachetées | -606.3060 |
| Nombre d’actions en circulation à la fin de la période | 1 250 008.4780 |
| Catégorie | (CHF hedged) K-B-acc |
| Nombre d’actions en circulation au début de la période | 5 498.7010 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 5 498.7010 |

UBS (Lux) Bond SICAV – Short Term USD Corporates Sustainable (USD) Rapport semestriel au 30 novembre 2022
| Catégorie | K-B-mdist |
| --- | --- |
| Nombre d’actions en circulation au début de la période | 30 933.7340 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -7 422.2160 |
| Nombre d’actions en circulation à la fin de la période | 23 511.5180 |
| Catégorie | (EUR hedged) K-X-acc |
| Nombre d’actions en circulation au début de la période | 25.5790 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de la période | 25.5790 |
| Catégorie | P-acc |
| Nombre d’actions en circulation au début de la période | 390 075.5730 |
| Nombre d’actions émises | 40 888.6420 |
| Nombre d’actions rachetées | -122 309.3260 |
| Nombre d’actions en circulation à la fin de la période | 308 654.8890 |
| Catégorie | Q-acc |
| Nombre d’actions en circulation au début de la période | 200 208.7440 |
| Nombre d’actions émises | 82 734.4990 |
| Nombre d’actions rachetées | -99 832.9420 |
| Nombre d’actions en circulation à la fin de la période | 183 110.3010 |

| Distribution mensuelle 1 |  |
| --- | --- |
| UBS (Lux) Bond SICAV – Short Term USD Corporates Sustainable (USD) | Date de détachement | Date de versement | Devise | Montant par action |
| K-B-mdist | 15.6.2022 | 21.6.2022 | USD | 0.09 |
| K-B-mdist | 15.7.2022 | 20.7.2022 | USD | 0.09 |
| K-B-mdist | 16.8.2022 | 19.8.2022 | USD | 0.09 |
| K-B-mdist | 15.9.2022 | 20.9.2022 | USD | 0.09 |
| K-B-mdist | 17.10.2022 | 20.10.2022 | USD | 0.08 |
| K-B-mdist | 15.11.2022 | 18.11.2022 | USD | 0.23 |
| 1  Voir note 5 |  |  |  |  |

UBS (Lux) Bond SICAV – Short Term USD Corporates 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 |  |  |  |
| CHF |  |  |  |
| CHF	LONZA SWISS FINANCE AG-REG-S 1.00000% 20-28.04.23 | 4 250 000.00 | 4 453 634.22 | 0.67 |
| Total CHF |  | 4 453 634.22 | 0.67 |
| EUR |  |  |  |
| EUR	INTL CONSOLIDATED AIRLINES GROUP-REG-S 0.50000% 19-04.07.23 | 2 000 000.00 | 2 016 820.77 | 0.30 |
| Total EUR |  | 2 016 820.77 | 0.30 |
| GBP |  |  |  |
| GBP	BUPA FINANCE PLC-REG-S-SUB 5.00000% 16-08.12.26 | 1 000 000.00 | 1 134 927.70 | 0.17 |
| Total GBP |  | 1 134 927.70 | 0.17 |
| USD |  |  |  |
| USD	ABBVIE INC 2.60000% 20-21.11.24 | 4 000 000.00 | 3 831 380.28 | 0.58 |
| USD	ABBVIE INC 3.75000% 18-14.11.23 | 1 000 000.00 | 987 099.30 | 0.15 |
| USD	ADOBE INC 3.25000% 15-01.02.25 | 3 000 000.00 | 2 933 374.59 | 0.44 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.50000% 20-15.09.23 | 4 000 000.00 | 3 950 474.16 | 0.59 |
| USD	AERCAP IRELAND CAPITAL DAC / AERCAP 1.65000% 21-29.10.24 | 2 572 000.00 | 2 366 666.21 | 0.36 |
| USD	AIA GROUP LTD-REG-S 5.62500% 22-25.10.27 | 1 380 000.00 | 1 404 298.76 | 0.21 |
| USD	AIG GLOBAL FUNDING-REG-S 0.65000% 21-17.06.24 | 5 000 000.00 | 4 671 750.00 | 0.70 |
| USD	ALLY FINANCIAL INC 3.87500% 19-21.05.24 | 2 500 000.00 | 2 432 190.82 | 0.37 |
| USD	AMERICAN EXPRESS CO 3.00000% 17-30.10.24 | 2 500 000.00 | 2 421 320.98 | 0.36 |
| USD	AMERICAN TOWER CORP 3.37500% 19-15.05.24 | 1 000 000.00 | 973 974.42 | 0.15 |
| USD	AMERICAN TOWER CORP 0.60000% 20-15.01.24 | 2 000 000.00 | 1 903 391.70 | 0.29 |
| USD	AMGEN INC 3.62500% 14-22.05.24 | 2 000 000.00 | 1 968 047.48 | 0.30 |
| USD	ANALOG DEVICES INC 2.95000% 20-01.04.25 | 500 000.00 | 482 215.90 | 0.07 |
| USD	ANGLO AMERICAN CAPITAL PLC-144A 3.62500% 17-11.09.24 | 2 000 000.00 | 1 932 250.00 | 0.29 |
| USD	ANGLO AMERICAN CAPITAL PLC-REG-S 3.62500% 17-11.09.24 | 485 000.00 | 468 570.62 | 0.07 |
| USD	ANZ NEW ZEALAND INT’L LTD/LONDON-REG-S 2.16600% 22-18.02.25 | 2 000 000.00 | 1 872 847.60 | 0.28 |
| USD	APPLE INC 3.00000% 17-09.02.24 | 4 000 000.00 | 3 929 726.56 | 0.59 |
| USD	APT PIPELINES LTD-REG-S 4.20000% 15-23.03.25 | 2 000 000.00 | 1 923 738.20 | 0.29 |
| USD	APTIV PLC 2.39600% 22-18.02.25 | 1 300 000.00 | 1 222 697.00 | 0.18 |
| USD	ASTRAZENECA FINANCE LLC 0.70000% 21-28.05.24 | 6 100 000.00 | 5 742 870.68 | 0.86 |
| USD	AVOLON HOLDINGS FUNDING LTD-REG-S 5.12500% 18-01.10.23 | 500 000.00 | 494 430.00 | 0.07 |
| USD	BANCO SANTANDER SA 2.70600% 19-27.06.24 | 5 400 000.00 | 5 187 133.62 | 0.78 |
| USD	BANCO SANTANDER SA 5.14700% 22-18.08.25 | 1 000 000.00 | 993 662.64 | 0.15 |
| USD	BANK OF IRELAND GROUP PLC-144A 4.50000% 18-25.11.23 | 500 000.00 | 489 713.81 | 0.07 |
| USD	BANK OF NOVA SCOTIA/THE 0.70000% 21-15.04.24 | 2 000 000.00 | 1 885 137.14 | 0.28 |
| USD	BANK OF SCOTLAND PLC-REG-S 1.60000% 21-29.09.26 | 1 665 000.00 | 1 441 699.04 | 0.22 |
| USD	BANQUE FEDERATIVE DU CREDIT MUTUL-REG-S 0.99800% 21-04.02.25 | 2 000 000.00 | 1 825 999.76 | 0.27 |
| USD	BARCLAYS BANK PLC 3.75000% 14-15.05.24 | 500 000.00 | 490 912.55 | 0.07 |
| USD	BAYER US FINANCE II LLC-REG-S 3.87500% 18-15.12.23 | 2 000 000.00 | 1 968 012.26 | 0.30 |
| USD	BBVA BANCOMER SA/TEXAS-REG-S 4.37500% 14-10.04.24 | 3 200 000.00 | 3 154 896.00 | 0.47 |
| USD	BMW US CAPITAL LLC-REG-S 0.75000% 21-12.08.24 | 2 275 000.00 | 2 122 142.55 | 0.32 |
| USD	BMW US CAPITAL LLC-REG-S 3.25000% 22-01.04.25 | 4 000 000.00 | 3 868 445.20 | 0.58 |
| USD	BP CAPITAL MARKETS PLC 3.79600% 18-21.09.25 | 1 000 000.00 | 983 699.68 | 0.15 |
| USD	BPCE SA-REG-S 4.00000% 18-12.09.23 | 4 230 000.00 | 4 156 533.36 | 0.62 |
| USD	BRISTOL-MYERS SQUIBB CO 2.90000% 20-26.07.24 | 3 000 000.00 | 2 917 824.69 | 0.44 |
| USD	CANADIAN PACIFIC RAILWAY 1.35000% 21-02.12.24 | 3 000 000.00 | 2 793 617.01 | 0.42 |
| USD	CCO LLC/CAPITAL 4.90800% 16-23.07.25 | 2 500 000.00 | 2 460 728.95 | 0.37 |
| USD	CELANESE US HOLDINGS LLC 5.90000% 22-05.07.24 | 3 500 000.00 | 3 478 600.13 | 0.52 |
| USD	CIGNA CORP 0.61300% 21-15.03.24 | 5 000 000.00 | 4 731 252.10 | 0.71 |
| USD	COCA-COLA EUROPACIFIC PARTNERS PLC-144A 0.80000% 21-03.05.24 | 4 000 000.00 | 3 752 293.40 | 0.56 |
| USD	COMCAST CORP 3.70000% 18-15.04.24 | 3 000 000.00 | 2 957 574.36 | 0.44 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 6.50000% 19-08.04.24 | 3 000 000.00 | 1 687 125.00 | 0.25 |
| USD	CREDIT AGRICOLE SA LONDON-REG-S 2.37500% 19-22.01.25 | 1 445 000.00 | 1 361 177.59 | 0.21 |
| USD	CREDIT SUISSE GROUP AG 3.80000% 16-09.06.23 | 3 000 000.00 | 2 872 376.79 | 0.43 |
| USD	CVS HEALTH CORP 2.87500% 16-01.06.26 | 5 000 000.00 | 4 704 266.65 | 0.71 |
| USD	DAIMLER FINANCE NORTH AMERICA LLC-REG-S 3.65000% 19-22.02.24 | 2 000 000.00 | 1 962 783.70 | 0.30 |
| USD	DAIMLER FINANCE NORTH AMERICA-REG-S 2.12500% 20-10.03.25 | 3 000 000.00 | 2 810 356.74 | 0.42 |
| USD	DEUTSCHE BANK AG/NEW YORK NY 3.95000% 18-27.02.23 | 3 000 000.00 | 2 984 037.18 | 0.45 |
| USD	DEUTSCHE BANK AG/NEW YORK NY 0.89800% 21-28.05.24 | 2 000 000.00 | 1 870 619.22 | 0.28 |
| USD	ENBRIDGE INC 2.50000% 19-15.01.25 | 2 500 000.00 | 2 370 174.88 | 0.36 |
| USD	ENEL FINANCE INTERNATIONAL NV-REG-S 4.25000% 22-15.06.25 | 1 100 000.00 | 1 071 609.04 | 0.16 |
| USD	ENI SPA-REG-S 4.00000% 18-12.09.23 | 3 465 000.00 | 3 412 265.89 | 0.51 |
| USD	EVERSOURCE ENERGY 3.80000% 18-01.12.23 | 1 000 000.00 | 988 150.80 | 0.15 |
| USD	EVERSOURCE ENERGY 4.20000% 22-27.06.24 | 1 000 000.00 | 986 279.86 | 0.15 |
| USD	EXELON GENERATION CO LLC 3.25000% 20-01.06.25 | 3 000 000.00 | 2 880 056.70 | 0.43 |
| USD	FISERV INC 2.75000% 19-01.07.24 | 5 000 000.00 | 4 812 575.00 | 0.72 |
| USD	FMG RESOURCES AUGUST 2006 PTY LTD-REG-S 5.12500% 17-15.05.24 | 2 350 000.00 | 2 320 965.98 | 0.35 |
| USD	FORD MOTOR CREDIT CO LLC 2.30000% 22-10.02.25 | 800 000.00 | 734 000.00 | 0.11 |
| USD	GENERAL MILLS INC 4.00000% 18-17.04.25 | 1 000 000.00 | 983 829.58 | 0.15 |
| USD	GENERAL MOTORS CO 4.87500% 14-02.10.23 | 2 000 000.00 | 1 990 698.78 | 0.30 |
| USD	GENERAL MOTORS CO 5.40000% 20-02.10.23 | 3 000 000.00 | 3 003 946.59 | 0.45 |
| USD	GENERAL MOTORS FINANCIAL CO INC 2.90000% 20-26.02.25 | 1 000 000.00 | 944 885.14 | 0.14 |
| USD	GILEAD SCIENCES INC 3.65000% 15-01.03.26 | 1 500 000.00 | 1 452 146.11 | 0.22 |
| USD	GOLDMAN SACHS GROUP INC 3.50000% 20-01.04.25 | 1 000 000.00 | 967 681.31 | 0.15 |
| USD	GOLDMAN SACHS GROUP INC 5.70000% 22-01.11.24 | 2 500 000.00 | 2 529 946.80 | 0.38 |
| USD	GOLDMAN SACHS GROUP INC/THE 3.50000% 16-16.11.26 | 3 000 000.00 | 2 853 532.44 | 0.43 |
| USD	HARLEY-DAVIDSON FINANCIAL SERVICE-REG-S 3.35000% 20-08.06.25 | 2 500 000.00 | 2 352 728.82 | 0.35 |
| USD	HSBC HOLDINGS PLC-SUB 4.25000% 14-14.03.24 | 3 000 000.00 | 2 950 306.35 | 0.44 |
| USD	ING BANK NV-REG-S-SUB 5.80000% 13-25.09.23 | 2 914 000.00 | 2 914 714.04 | 0.44 |
| USD	ING GROEP NV 3.55000% 19-09.04.24 | 3 898 000.00 | 3 812 717.88 | 0.57 |
| USD	INVESCO FINANCE PLC 3.75000% 15-15.01.26 | 1 000 000.00 | 961 730.00 | 0.15 |
| USD	KELLOGG CO 2.65000% 16-01.12.23 | 2 000 000.00 | 1 952 817.78 | 0.29 |
| USD	KROGER CO 4.00000% 14-01.02.24 | 2 000 000.00 | 1 980 819.84 | 0.30 |
| USD	LENNOX INTERNATIONAL INC 1.35000% 20-01.08.25 | 900 000.00 | 815 522.31 | 0.12 |

UBS (Lux) Bond SICAV – Short Term USD Corporates 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 | LLOYDS BANKING GROUP PLC 4.45000% 18-08.05.25 | 5 000 000.00 | 4 888 697.85 | 0.73 |
| USD | LLOYDS BANKING GROUP PLC 3.90000% 19-12.03.24 | 1 500 000.00 | 1 471 711.31 | 0.22 |
| USD | MARRIOTT INTERNATIONAL INC/MD 3.60000% 19-15.04.24 | 1 000 000.00 | 981 171.41 | 0.15 |
| USD | MARSH & MCLENNAN COS INC 3.87500% 19-15.03.24 | 3 000 000.00 | 2 959 290.60 | 0.44 |
| USD | METLIFE INC 3.60000% 14-10.04.24 | 3 000 000.00 | 2 951 612.19 | 0.44 |
| USD | MICROSOFT CORP 3.12500% 15-03.11.25 | 5 000 000.00 | 4 857 154.70 | 0.73 |
| USD | MONDELEZ INTERNATIONAL HDG NLD BV-REG-S 4.25000% 22-15.09.25 | 1 800 000.00 | 1 766 808.99 | 0.27 |
| USD | MOODY’S CORP 3.75000% 20-24.03.25 | 3 000 000.00 | 2 923 312.68 | 0.44 |
| USD | NATWEST MARKETS PLC-144A 1.60000% 21-29.09.26 | 2 560 000.00 | 2 216 666.40 | 0.33 |
| USD | NEPTUNE ENERGY BONDCO PLC-REG-S 6.62500% 18-15.05.25 | 1 500 000.00 | 1 472 732.16 | 0.22 |
| USD | NESTLE HOLDINGS INC-REG-S 0.60600% 21-14.09.24 | 6 000 000.00 | 5 571 806.82 | 0.84 |
| USD | NOMURA HOLDINGS INC 2.64800% 20-16.01.25 | 5 000 000.00 | 4 715 918.50 | 0.71 |
| USD | NOMURA HOLDINGS INC 5.09900% 22-03.07.25 | 2 000 000.00 | 1 983 252.80 | 0.30 |
| USD | ORACLE CORP 2.50000% 20-01.04.25 | 2 000 000.00 | 1 891 732.52 | 0.28 |
| USD | ORACLE CORP 5.80000% 22-10.11.25 | 1 030 000.00 | 1 055 027.53 | 0.16 |
| USD | ORIX CORP 3.25000% 17-04.12.24 | 500 000.00 | 478 658.25 | 0.07 |
| USD | PARK AEROSPACE HOLDINGS LTD-144A 5.50000% 17-15.02.24 | 4 500 000.00 | 4 433 809.91 | 0.67 |
| USD | PENSKE TRK LEA CO LP/PTL FIN CORP-REG-S 4.40000% 22-01.07.27 | 1 765 000.00 | 1 679 044.55 | 0.25 |
| USD | PLAINS ALL AMERICAN PIPELINE LP 3.85000% 13-15.10.23 | 1 000 000.00 | 986 617.08 | 0.15 |
| USD | QUANTA SERVICES INC 0.95000% 21-01.10.24 | 2 575 000.00 | 2 358 104.17 | 0.35 |
| USD | ROPER TECHNOLOGIES INC 3.65000% 18-15.09.23 | 1 500 000.00 | 1 482 032.90 | 0.22 |
| USD | SHIMAO PRPTY HLDG LTD-REG-S *DEFAULTED* 6.12500% 19-21.02.24 | 1 000 000.00 | 115 000.00 | 0.02 |
| USD | SHIMAO PRPTY HLDG LTD-REG-S *DEFAULTED* 3.97500% 21-16.09.23 | 600 000.00 | 70 500.00 | 0.01 |
| USD | SOCIETE GENERALE SA-REG-S-SUB 5.00000% 14-17.01.24 | 500 000.00 | 492 925.31 | 0.07 |
| USD | SOCIETE GENERALE-REG-S 2.62500% 19-16.10.24 | 7 030 000.00 | 6 622 136.91 | 1.00 |
| USD | SPRINGLEAF FINANCE CORP 6.12500% 19-15.03.24 | 2 000 000.00 | 1 950 600.00 | 0.29 |
| USD | SUNCORP-METWAY LTD-REG-S 3.30000% 19-15.04.24 | 430 000.00 | 418 017.62 | 0.06 |
| USD | SVENSKA HANDELSBANKEN AB-REG-S 0.55000% 21-11.06.24 | 2 250 000.00 | 2 103 012.98 | 0.32 |
| USD | T-MOBILE USA INC 3.50000% 21-15.04.25 | 3 000 000.00 | 2 904 617.46 | 0.44 |
| USD | TELECOM ITALIA SPA-144A 5.30300% 14-30.05.24 | 2 000 000.00 | 1 937 000.00 | 0.29 |
| USD | THERMO FISHER SCIENTIFIC INC 1.21500% 21-18.10.24 | 650 000.00 | 608 196.17 | 0.09 |
| USD | TOTAL CAPITAL INTERNATIONAL SA 3.75000% 14-10.04.24 | 1 500 000.00 | 1 481 266.85 | 0.22 |
| USD | UBS AG LONDON-144A 1.37500% 22-13.01.25 | 2 000 000.00 | 1 851 286.36 | 0.28 |
| USD | UBS GROUP AG-REG-S 4.12500% 16-15.04.26 | 2 000 000.00 | 1 923 157.16 | 0.29 |
| USD | UNITED PARCEL SERVICE INC 3.90000% 20-01.04.25 | 2 500 000.00 | 2 466 656.05 | 0.37 |
| USD | UZBEK INDUSTRIAL AND CONS ATB-REG-S 5.75000% 19-02.12.24 | 1 000 000.00 | 907 375.00 | 0.14 |
| USD | VERIZON COMMUNICATIONS INC 0.85000% 20-20.11.25 | 6 333 000.00 | 5 683 498.29 | 0.85 |
| USD | VMWARE INC 4.50000% 20-15.05.25 | 4 796 000.00 | 4 746 165.87 | 0.71 |
| USD | WALT DISNEY CO 1.75000% 19-30.08.24 | 4 000 000.00 | 3 800 409.68 | 0.57 |
| USD | WESTPAC BANKING CORP 1.15000% 21-03.06.26 | 4 108 000.00 | 3 630 233.85 | 0.55 |
| USD | WILLIAMS COMPANIES INC 4.55000% 14-24.06.24 | 2 000 000.00 | 1 979 316.04 | 0.30 |
| Total USD |  |  | 270 686 573.22 | 40.65 |
| Total des Billets, taux fixe |  | 278 291 955.91 | 41.79 |
| Billets, taux variable |  |  |  |
| USD |  |  |  |
| USD	ABN AMRO BANK NV-REG-S-SUB 4.400%/VAR 17-27.03.28 | 6 200 000.00 | 6 045 000.00 | 0.91 |
| USD	BANCO SANTANDER SA 0.701%/VAR 21-30.06.24 | 2 200 000.00 | 2 128 682.05 | 0.32 |
| USD	BARCLAYS PLC 5.304%/VAR 22-09.08.26 | 6 000 000.00 | 5 900 403.54 | 0.89 |
| USD	BNP PARIBAS-REG-S 2.819% /VAR 19-19.11.25 | 5 000 000.00 | 4 705 852.30 | 0.71 |
| USD	CITIGROUP INC 2.014%/VAR 22-25.01.26 | 6 000 000.00 | 5 570 680.92 | 0.84 |
| USD	CITIGROUP INC 3.352%/VAR 19-24.04.25 | 7 000 000.00 | 6 769 174.51 | 1.02 |
| USD	CREDIT SUISSE GROUP AG-REG-S 4.207%/VAR 18-12.06.24 | 6 500 000.00 | 6 307 209.03 | 0.95 |
| USD	DANSKE BANK AS-REG-S 3.244%/VAR 19-20.12.25 | 2 000 000.00 | 1 864 346.78 | 0.28 |
| USD	DNB BANK ASA-REG-S 0.856%/VAR 21-30.09.25 | 7 185 000.00 | 6 593 869.29 | 0.99 |
| USD	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.625%/VAR 14-PRP | 1 800 000.00 | 1 693 363.60 | 0.25 |
| USD	HSBC HOLDINGS PLC 4.292%/VAR 18-12.09.26 | 4 000 000.00 | 3 810 656.32 | 0.57 |
| USD	HSBC HOLDINGS PLC 4.180%/VAR 22-09.12.25 | 3 000 000.00 | 2 889 717.87 | 0.43 |
| USD	JPM CHASE& CO 3.845%/VAR 22-14.06.25 | 4 000 000.00 | 3 927 747.44 | 0.59 |
| USD	JPMORGAN CHASE & CO 3.220%/VAR 17-01.03.25 | 7 000 000.00 | 6 815 197.69 | 1.02 |
| USD	JPMORGAN CHASE & CO 0.824%/VAR 21-01.06.25 | 1 000 000.00 | 929 990.52 | 0.14 |
| USD	JPMORGAN CHASE 1.561%/VAR 21-10.12.25 | 4 000 000.00 | 3 694 735.64 | 0.55 |
| USD	LLOYDS BANKING GROUP PLC 4.716%/VAR 22-11.08.26 | 5 000 000.00 | 4 851 064.80 | 0.73 |
| USD	MORGAN STANLEY 0.790%/VAR 21-30.05.25 | 11 000 000.00 | 10 192 426.75 | 1.53 |
| USD	MORGAN STANLEY 1.593%/VAR 21-04.05.27 | 5 000 000.00 | 4 404 907.95 | 0.66 |
| USD	NATIONWIDE BUILDING SOCIETY-144A 4.363%/VAR 18-01.08.24 | 2 000 000.00 | 1 970 857.50 | 0.29 |
| USD	SANTANDER UK GRP HOLD PLC 4.796%/3M LIBOR+157BP 18-15.11.24 | 4 000 000.00 | 3 925 048.20 | 0.59 |
| USD	SOCIETE GENERALE SA-REG-S 2.226%/VAR 22-21.01.26 | 3 120 000.00 | 2 856 961.20 | 0.43 |
| USD	STANDARD CHARTERED PLC-REG-S 3.885%/VAR 18-15.03.24 | 10 190 000.00 | 10 115 752.91 | 1.52 |
| Total USD |  | 107 963 646.81 | 16.21 |
| Total des Billets, taux variable |  | 107 963 646.81 | 16.21 |
| Medium-Term Notes, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	CELLNEX TELECOM SA-REG-S 2.87500% 17-18.04.25 | 1 500 000.00 | 1 507 546.61 | 0.23 |
| EUR	CTP BV-REG-S 0.62500% 20-27.11.23 | 1 500 000.00 | 1 451 404.94 | 0.22 |
| EUR	DEUTSCHE LUFTHANSA AG-REG-S 2.00000% 21-14.07.24 | 2 400 000.00 | 2 376 811.12 | 0.36 |
| EUR	FORTUM OYJ-REG-S 0.87500% 19-27.02.23 | 2 000 000.00 | 2 047 574.35 | 0.31 |
| EUR	REPSOL INTERNATIONAL FINANCE BV-REG-S 0.12500% 20-05.10.24 | 2 000 000.00 | 1 950 618.39 | 0.29 |
| EUR	WIZZ AIR FINANCE CO BV-REG-S 1.35000% 21-19.01.24 | 1 400 000.00 | 1 366 133.44 | 0.20 |
| Total EUR |  | 10 700 088.85 | 1.61 |
| GBP |  |  |  |
| GBP	FORD MOTOR CREDIT CO LLC 2.74800% 20-14.06.24 | 400 000.00 | 449 564.75 | 0.07 |
| Total GBP |  | 449 564.75 | 0.07 |

UBS (Lux) Bond SICAV – Short Term USD Corporates 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 |  |  |  |  |
| USD | AAREAL BANK AG-REG-S 0.62500% 21-14.02.25 | 2 000 000.00 | 1 822 105.14 | 0.27 |
| USD | ADCB FINANCE CAYMAN LTD-REG-S-SUB 4.50000% 13-06.03.23 | 4 000 000.00 | 3 982 000.00 | 0.60 |
| USD | ARAB PETROLEUM INVESTMENTS CORP-REG-S 1.46000% 20-30.06.25 | 1 000 000.00 | 919 274.00 | 0.14 |
| USD | BNP PARIBAS-REG-S 3.80000% 17-10.01.24 | 4 000 000.00 | 3 932 104.76 | 0.59 |
| USD | CREDIT AGRICOLE SA LONDON-REG-S 3.25000% 17-04.10.24 | 2 000 000.00 | 1 927 826.46 | 0.29 |
| USD | GOLDMAN SACHS GROUP INC STEP-UP 18-31.05.24 | 1 258 000.00 | 1 238 405.90 | 0.19 |
| USD | JOHN DEERE CAPITAL CORP 0.625000% 21-10.09.24 | 910 000.00 | 848 782.77 | 0.13 |
| USD | LENOVO GROUP LTD-REG-S 5.87500% 20-24.04.25 | 2 000 000.00 | 1 945 880.00 | 0.29 |
| USD | MDGH - GMTN BV-REG-S 2.50000% 19-07.11.24 | 1 000 000.00 | 952 687.50 | 0.14 |
| USD | NORDEA BANK ABP-REG-S 1.50000% 21-30.09.26 | 5 000 000.00 | 4 323 910.85 | 0.65 |
| USD | OVERSEA-CHINESE BANKING CORP-144A-SUB 4.25000% 14-19.06.24 | 2 000 000.00 | 1 965 807.20 | 0.29 |
| USD | QNB FINANCE LTD-REG-S 3.50000% 19-28.03.24 | 1 000 000.00 | 976 437.50 | 0.15 |
| USD | SWIRE PACIFIC MTN FINANCING LTD-REG-S 4.50000% 13-09.10.23 | 1 500 000.00 | 1 489 972.50 | 0.22 |
| USD | TORONTO-DOMINION BANK 3.25000% 19-11.03.24 | 3 000 000.00 | 2 938 307.22 | 0.44 |
| USD | TOYOTA MOTOR CREDIT CORP 1.45000% 22-13.01.25 | 1 700 000.00 | 1 595 918.30 | 0.24 |
| Total USD |  |  | 30 859 420.10 | 4.63 |
| Total des Medium-Term Notes, taux fixe |  | 42 009 073.70 | 6.31 |
| Medium-Term Notes, coupon zéro |  |  |  |
| EUR |  |  |  |
| EUR	BECTON DICKINSON AND CO 0.00000% 21-13.08.23 | 840 000.00 | 847 280.95 | 0.13 |
| Total EUR |  | 847 280.95 | 0.13 |
| Total des Medium-Term Notes, coupon zéro |  | 847 280.95 | 0.13 |
| Medium-Term Notes, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	ALLIANZ SE-REG-S-SUB 4.750%/3M EURIBOR+360BP 13-PRP | 1 500 000.00 | 1 535 022.81 | 0.23 |
| Total EUR |  | 1 535 022.81 | 0.23 |
| USD |  |  |  |
| USD	AIB GROUP PLC-REG-S 4.263%/VAR 19-10.04.25 | 1 500 000.00 | 1 444 067.26 | 0.22 |
| USD	BANK OF AMERICA CORP 2.456%/VAR 19-22.10.25 | 5 000 000.00 | 4 704 545.60 | 0.71 |
| USD	BANK OF AMERICA CORP 0.981%/VAR 20-25.09.25 | 3 000 000.00 | 2 748 087.03 | 0.41 |
| USD	BANK OF AMERICA CORP 0.810%/VAR 20-24.10.24 | 7 000 000.00 | 6 686 667.82 | 1.00 |
| USD	DBS GROUP HOLDINGS LTD-144A-SUB 4.520%/VAR 18-11.12.28 | 3 000 000.00 | 2 961 609.24 | 0.44 |
| USD	MACQUARIE GROUP LTD-144A 1.201%/VAR 21-14.10.25 | 4 000 000.00 | 3 639 709.60 | 0.55 |
| USD	MACQUARIE GROUP LTD-REG-S 4.150%/3M LIBOR+133BP 18-27.03.24 | 2 530 000.00 | 2 516 149.51 | 0.38 |
| USD	RABOBANK NEDERLAND NV-REG-S-SUB 4.000%/VAR 17-10.04.29 | 3 000 000.00 | 2 834 400.00 | 0.42 |
| USD	UNITED OVERSEAS BANK LTD-REG-S-SUB 3.750%/VAR 19-15.04.29 | 2 453 000.00 | 2 381 970.68 | 0.36 |
| Total USD |  | 29 917 206.74 | 4.49 |
| Total des Medium-Term Notes, taux variable |  | 31 452 229.55 | 4.72 |
| Obligations, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	WIENERBERGER AG-REG-S 2.00000% 18-02.05.24 | 2 000 000.00 | 2 010 288.67 | 0.30 |
| EUR	WINTERSHALL DEA FINANCE BV-REG-S 0.45200% 19-25.09.23 | 2 000 000.00 | 2 002 776.33 | 0.30 |
| Total EUR |  | 4 013 065.00 | 0.60 |
| GBP |  |  |  |
| GBP	JAGUAR LAND ROVER AUTOMOTIVE PLC-REG-S 3.87500% 15-01.03.23 | 500 000.00 | 588 751.19 | 0.09 |
| Total GBP |  | 588 751.19 | 0.09 |
| USD |  |  |  |
| USD	CANADIAN IMPERIAL BANK OF-REG-S 1.15000% 21-08.07.26 | 4 500 000.00 | 3 974 582.34 | 0.60 |
| USD	CK HUTCHISON INTERNATIONAL LTD-REG-S 3.25000% 19-11.04.24 | 4 000 000.00 | 3 904 916.25 | 0.59 |
| USD	DANONE-REG-S 2.58900% 16-02.11.23 | 729 000.00 | 711 803.24 | 0.11 |
| USD	DEUTSCHE BANK AG/LONDON 3.70000% 14-30.05.24 | 5 000 000.00 | 4 896 463.30 | 0.73 |
| USD	GILEAD SCIENCES INC 3.70000% 14-01.04.24 | 3 000 000.00 | 2 951 340.45 | 0.44 |
| USD	KINDER MORGAN INC 4.30000% 14-01.06.25 | 2 000 000.00 | 1 970 431.20 | 0.30 |
| USD	LG CHEM LTD-REG-S 3.25000% 19-15.10.24 | 2 000 000.00 | 1 915 300.00 | 0.29 |
| USD	MIZUHO FINANCE GRP CAY 3 LTD-REG-S-SUB 4.60000% 14-27.03.24 | 5 000 000.00 | 4 912 600.00 | 0.74 |
| USD	NOVARTIS CAPITAL CORP 3.40000% 14-06.05.24 | 2 000 000.00 | 1 968 774.20 | 0.29 |
| USD	PRAXAIR INC 2.65000% 15-05.02.25 | 1 000 000.00 | 961 553.67 | 0.14 |
| USD	SUMITOMO MITSUI FIN GP INC-144A-SUB 4.43600% 14-02.04.24 | 1 500 000.00 | 1 472 869.76 | 0.22 |
| USD	UBS AG-REG-S-SUB 5.12500% 14-15.05.24 | 3 400 000.00 | 3 334 577.20 | 0.50 |
| Total USD |  | 32 975 211.61 | 4.95 |
| Total des Obligations, taux fixe |  | 37 577 027.80 | 5.64 |
| Obligations, taux variable |  |  |  |
| USD |  |  |  |
| USD	ALLSTATE CORP-SUB 5.750%/3M LIBOR+293.8BP 13-15.08.53 | 250 000.00 | 230 375.00 | 0.04 |
| USD	BP CAPITAL MARKETS PLC-SUB 4.375%/VAR 20-PRP | 3 800 000.00 | 3 614 750.00 | 0.54 |
| USD	JP MORGAN CHASE & CO 2.005%/VAR 20-13.03.26 | 5 000 000.00 | 4 646 248.20 | 0.70 |
| USD	NBK TIER 1 FINANCING 2 LTD-REG-S-SUB 4.500%/VAR 19-PRP | 3 300 000.00 | 2 991 615.00 | 0.45 |
| USD	SKANDINAVISKA ENSKILDA BANKEN-REG-S-SUB 5.125%/VAR 19-PRP | 3 000 000.00 | 2 805 000.00 | 0.42 |
| USD	SWISS RE FINANCE LUXEMBOURG-REG-S-SUB 4.250%/VAR 19-PRP | 2 000 000.00 | 1 695 200.00 | 0.25 |
| USD	VODAFONE GROUP PLC-REG-S-SUB 6.250%/VAR 18-03.10.78 | 3 000 000.00 | 2 887 500.00 | 0.43 |
| Total USD |  | 18 870 688.20 | 2.83 |
| Total des Obligations, taux variable |  | 18 870 688.20 | 2.83 |

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

Obligations convertibles, taux variable
| USD |  |
| --- | --- |
| USD | BANK OF MONTREAL-SUB 4.338%/VAR 18-05.10.28 | 5 000 000.00 | 4 904 596.20 | 0.74 |
| USD | BARCLAYS PLC-SUB COCO 8.000%/VAR 19-PRP | 3 000 000.00 | 2 887 500.00 | 0.43 |
| Total USD |  |  | 7 792 096.20 | 1.17 |
| Total des Obligations convertibles, taux variable |  | 7 792 096.20 | 1.17 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 524 803 999.12 | 78.80 |
| Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  |  |  |
| Titres adossés à des actifs, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AMERICREDIT AUTOMOBILE RECEIVABLE TRUST 4.04000% 18-18.11.24 | 1 100 000.00 | 1 090 123.65 | 0.16 |
| USD	COLT MERGER SUB INC-144A 3.60000% 18-25.02.48 | 4 338 000.00 | 1 344 465.33 | 0.20 |
| USD	EXETER AUTOMOBILE RECEIVABLES-144A 4.35000% 18-16.09.24 | 865 000.00 | 259 263.47 | 0.04 |
| Total USD |  | 2 693 852.45 | 0.40 |
| Total des Titres adossés à des actifs, taux fixe |  | 2 693 852.45 | 0.40 |
| Titres adossés à des hypothèques, taux fixe |  |  |  |
| USD |  |  |  |
| USD	BWAY 2013-1515 MORTGAGE TRUST-144A 3.45430% 13-10.03.33 | 4 000 000.00 | 3 747 632.40 | 0.57 |
| USD	COMM 2015-3BP MORTGAGE TRUST-144A-SUB 3.17800% 15-01.02.35 | 4 055 000.00 | 3 745 683.78 | 0.56 |
| USD	COMM 2015-CCRE22 MORTGAGE TRUST 3.92600% 15-01.03.48 | 1 000 000.00 | 930 144.50 | 0.14 |
| USD	JP MORGAN CHASE MORTGAGE SEC-144A 3.73450% 18-01.01.31 | 2 605 000.00 | 2 594 877.24 | 0.39 |
| Total USD |  | 11 018 337.92 | 1.66 |
| Total des Titres adossés à des hypothèques, taux fixe |  | 11 018 337.92 | 1.66 |
| Titres adossés à des hypothèques, taux variable |  |  |  |
| USD |  |  |  |
| USD	CITYLINE COMMERCIAL MORTGAGE TRUST VAR 21-01.11.31 | 1 000 000.00 | 945 142.00 | 0.14 |
| USD	COMM 2014-CCRE15 MORTGAGE TRUST-SUB VAR 14-01.02.47 | 325 000.00 | 312 002.27 | 0.05 |
| USD	COMMERCIAL MORTGAGE PASS-THR-144A 3.812163%/VAR 13-01.06.46 | 2 500 000.00 | 2 468 961.25 | 0.37 |
| USD	MSCG TRUST 2018-SELF-144A-SUB 1M LIBOR+90BP 18-15.10.37 | 1 000 000.00 | 890 341.81 | 0.13 |
| Total USD |  | 4 616 447.33 | 0.69 |
| Total des Titres adossés à des hypothèques, taux variable |  | 4 616 447.33 | 0.69 |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AKER BP ASA-144A 3.00000% 20-15.01.25 | 3 000 000.00 | 2 838 504.09 | 0.43 |
| USD	AUSTRALIA & NEW ZEALAND BNK-REG-S-SUB 4.50000% 14-19.03.24 | 5 000 000.00 | 4 929 464.50 | 0.74 |
| USD	BAKER HUGHES HOLDINGS LLC / BAKER HUGH 1.23100% 21-15.12.23 | 1 500 000.00 | 1 444 259.88 | 0.22 |
| USD	BANK OF NEW ZEALAND-144A 3.50000% 19-20.02.24 | 4 885 000.00 | 4 798 193.55 | 0.72 |
| USD	BAXTER INTERNATIONAL INC 1.32200% 22-29.11.24 | 1 000 000.00 | 930 077.67 | 0.14 |
| USD	BAYER US FINANCE LLC-144A 3.37500% 14-08.10.24 | 4 000 000.00 | 3 868 076.88 | 0.58 |
| USD	BERRY GLOBAL INC 0.95000% 21-15.02.24 | 1 000 000.00 | 949 556.50 | 0.14 |
| USD	BLOCK INC 2.75000% 21-01.06.26 | 1 000 000.00 | 893 700.00 | 0.13 |
| USD	BROADCOM INC 3.15000% 20-15.11.25 | 2 000 000.00 | 1 903 092.14 | 0.29 |
| USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 2.85000% 16-18.05.26 | 2 000 000.00 | 1 871 968.74 | 0.28 |
| USD	ENEL FINANCE INTERNATIONAL SA-144A 2.65000% 19-10.09.24 | 1 000 000.00 | 955 640.88 | 0.14 |
| USD	ENEL FINANCE INTERNATIONAL NV-REG-S 2.65000% 19-10.09.24 | 1 500 000.00 | 1 433 461.32 | 0.22 |
| USD	ENEL FINANCE INTERNATIONAL NV-REG-S 6.80000% 22-14.10.25 | 470 000.00 | 486 694.72 | 0.07 |
| USD	ERAC USA FINANCE LLC-144A 2.70000% 16-01.11.23 | 1 000 000.00 | 975 682.34 | 0.15 |
| USD	GLP CAPITAL LP / GLP FINANC II INC 5.37500% 14-01.11.23 | 1 000 000.00 | 990 170.00 | 0.15 |
| USD	LIBERTY MUTUAL GROUP INC-144A 4.25000% 13-15.06.23 | 1 850 000.00 | 1 833 707.20 | 0.28 |
| USD	MASSMUTUAL GLOBAL FUNDING II-REG-S 4.15000% 22-26.08.25 | 1 000 000.00 | 981 573.14 | 0.15 |
| USD	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 4.05000% 22-25.08.25 | 690 000.00 | 675 604.93 | 0.10 |
| USD	NORDEA BANK AB-144A 0.62500% 21-24.05.24 | 2 400 000.00 | 2 244 238.13 | 0.34 |
| USD	NORDEA BANK ABP -REG-S 3.60000% 22-06.06.25 | 1 400 000.00 | 1 356 366.33 | 0.20 |
| USD	NXP BV / NXP FUNDING LLC 4.87500% 22-01.03.24 | 2 500 000.00 | 2 471 562.50 | 0.37 |
| USD	PENSKE TRUCK LEASING/PTL FIN CORP-144A 2.70000% 19-01.11.24 | 1 235 000.00 | 1 161 521.82 | 0.17 |
| USD	RABOBANK UTRECHT-144A 2.62500% 19-22.07.24 | 2 000 000.00 | 1 913 726.00 | 0.29 |
| USD	ROCHE HOLDINGS INC-144A 0.45000% 21-05.03.24 | 5 000 000.00 | 4 741 904.05 | 0.71 |
| USD	SCHLUMBERGER HOLDINGS CORP-144A 3.75000% 19-01.05.24 | 500 000.00 | 491 447.52 | 0.07 |
| USD	SUNCORP-METWAY LTD-144A 3.30000% 19-15.04.24 | 2 350 000.00 | 2 281 810.29 | 0.34 |
| USD	WEA FIN LLC/ WESTF UK&EUR FIN PLC-REG-S 3.75000% 14-17.09.24 | 1 000 000.00 | 947 363.49 | 0.14 |
| Total USD |  | 50 369 368.61 | 7.56 |
| Total des Billets, taux fixe |  | 50 369 368.61 | 7.56 |
| Billets, taux variable |  |  |  |
| USD |  |  |  |
| USD	DANSKE BANK A/S-144A 3.773%/VAR 22-28.03.25 | 3 000 000.00 | 2 888 211.78 | 0.43 |
| USD	ING GROEP NV 3.869%/VAR 22-28.03.26 | 4 000 000.00 | 3 842 492.44 | 0.58 |
| Total USD |  | 6 730 704.22 | 1.01 |
| Total des Billets, taux variable |  | 6 730 704.22 | 1.01 |

UBS (Lux) Bond SICAV – Short Term USD Corporates 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) |  |
| Medium-Term Notes, taux fixe |  |  |  |
| USD |  |  |  |
| USD	ASB BANK LTD-REG-S 3.12500% 19-23.05.24 | 1 500 000.00 | 1 454 195.40 | 0.22 |
| USD	BRIGHTHOUSE FINANCIAL GLOBAL FUND-REG-S 0.60000% 21-28.06.23 | 1 200 000.00 | 1 167 081.20 | 0.18 |
| USD	CREDIT AGRICOLE SA LONDON-144A 3.25000% 17-04.10.24 | 2 700 000.00 | 2 602 565.72 | 0.39 |
| USD	INTESA SANPAOLO SPA-144A-SUB 5.01700% 14-26.06.24 | 2 000 000.00 | 1 926 700.84 | 0.29 |
| Total USD |  | 7 150 543.16 | 1.08 |
| Total des Medium-Term Notes, taux fixe |  | 7 150 543.16 | 1.08 |
| Obligations, taux variable |  |  |  |
| USD |  |  |  |
| USD	BANCO BILBAO VIZCA ARGTARIA SA 5.862%/VAR 14.09.22-14.09.26 | 7 000 000.00 | 6 969 390.82 | 1.05 |
| USD	SCENTRE GROUP TRUST 2-REG-S-SUB 4.750%/VAR 20-24.09.80 | 3 700 000.00 | 3 257 150.33 | 0.49 |
| Total USD |  | 10 226 541.15 | 1.54 |
| Total des Obligations, taux variable |  | 10 226 541.15 | 1.54 |
| Total des Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  | 92 805 794.84 | 13.94 |

Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé
Billets, taux fixe
| USD |  |
| --- | --- |
| USD | SIEMENS FINANCIERINGSMAATSCHAPPIJ-144A 0.65000% 21-11.03.24 | 5 000 000.00 | 4 738 059.00 | 0.71 |
| USD | SWEDBANK AB-REG-S 3.35600% 22-04.04.25 | 1 156 000.00 | 1 105 408.28 | 0.17 |
| USD | TRITON CONTAINER INTERNATIONAL-REG-S 1.15000% 21-07.06.24 | 585 000.00 | 539 040.94 | 0.08 |
| Total USD |  |  | 6 382 508.22 | 0.96 |
| Total des Billets, taux fixe |  | 6 382 508.22 | 0.96 |
| Medium-Term Notes, taux fixe |  |  |  |
| USD |  |  |  |
| USD	NBN CO LTD-REG-S 0.87500% 21-08.10.24 | 3 600 000.00 | 3 308 520.96 | 0.50 |
| Total USD |  | 3 308 520.96 | 0.50 |
| Total des Medium-Term Notes, taux fixe |  | 3 308 520.96 | 0.50 |
| Total des Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé |  | 9 691 029.18 | 1.46 |
| Autres instruments du marché monétaire au sens de l’article 41 (1) h) |  |  |  |
| Eurobillets de trésorerie, coupon zéro |  |  |  |
| USD |  |  |  |
| USD	SKANDINAVISKA ENSKILD ECP 0.00000% 19.07.22-18.07.23 | 7 000 000.00 | 6 773 678.10 | 1.02 |
| USD	TORONTO DOMINION BANK ECP 0.00000% 19.07.22-18.07.23 | 5 000 000.00 | 4 836 247.75 | 0.72 |
| Total USD |  | 11 609 925.85 | 1.74 |
| Total des Eurobillets de trésorerie, coupon zéro |  | 11 609 925.85 | 1.74 |
| Total des Autres instruments du marché monétaire au sens de l’article 41 (1) h) |  | 11 609 925.85 | 1.74 |

OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée
Fonds d’investissement, ouvert
| Irlande |  |
| --- | --- |
| USD | UBS (IRL) SELECT MONEY MARKET FUND-USD-S-DIST | 100.00 | 1 000 000.00 | 0.15 |
| Total Irlande | 1 000 000.00 | 0.15 |
| Total des Fonds d’investissement, ouvert | 1 000 000.00 | 0.15 |
| Total des OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée | 1 000 000.00 | 0.15 |
| Total du Portefeuille-titres | 639 910 748.99 | 96.09 |

| Instruments dérivés |  |
| --- | --- |
| Instruments dérivés négociés sur une bourse officielle |
| Contrats financiers à terme sur obligations |
|  |  |  |  |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.23 | 500.00 | 207 032.00 | 0.03 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.23 | -100.00 | -32 031.30 | 0.00 |
| Total des Contrats financiers à terme sur obligations |  | 175 000.70 | 0.03 |
| Total des Instruments dérivés négociés sur une bourse officielle |  | 175 000.70 | 0.03 |
| Total des Instruments dérivés |  | 175 000.70 | 0.03 |

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

Contrats de change à terme
Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité
| USD | 2 321 542.35 | EUR | 2 015 000.00 | 27.2.2023 | 233 052.44 | 0.03 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 2 672 509.20 | GBP | 2 000 000.00 | 1.3.2023 | 284 282.30 | 0.04 |
| USD | 558 398.90 | EUR | 500 000.00 | 19.1.2023 | 41 471.37 | 0.01 |
| USD | 2 109 845.12 | EUR | 1 930 000.00 | 30.5.2023 | 96 454.28 | 0.02 |
| USD | 1 660 808.32 | EUR | 1 516 000.00 | 30.5.2023 | 79 305.46 | 0.01 |
| USD | 2 118 415.99 | EUR | 1 947 400.00 | 30.5.2023 | 86 873.33 | 0.01 |
| USD | 1 476 536.49 | EUR | 1 410 000.00 | 28.7.2023 | -618.04 | 0.00 |
| USD | 1 369 826.90 | EUR | 1 300 000.00 | 14.8.2023 | 6 493.38 | 0.00 |
| USD | 3 137 805.00 | EUR | 3 000 000.00 | 5.7.2023 | -72.62 | 0.00 |
| USD | 4 466 476.73 | CHF | 4 250 000.00 | 28.4.2023 | -74 036.20 | -0.01 |
| USD | 3 176 836.60 | EUR | 3 100 000.00 | 14.8.2023 | -74 189.50 | -0.01 |
| USD | 1 938 836.00 | EUR | 1 900 000.00 | 25.9.2023 | -59 216.29 | -0.01 |
| EUR | 251 868 100.00 | USD | 260 416 503.31 | 3.1.2023 | -340 777.51 | -0.05 |
| CHF | 160 923 800.00 | USD | 169 838 450.42 | 3.1.2023 | -182 277.55 | -0.03 |
| USD | 32 175 318.42 | CHF | 30 220 700.00 | 3.1.2023 | 314 721.64 | 0.05 |
| EUR | 597 800.00 | USD | 622 048.26 | 3.1.2023 | -4 767.75 | 0.00 |
| USD | 248 547.69 | CHF | 234 700.00 | 3.1.2023 | 1 111.92 | 0.00 |
| USD | 1 815 091.58 | CHF | 1 719 800.00 | 3.1.2023 | 1 968.31 | 0.00 |
| Total des Contrats de change à terme | 409 778.97 | 0.06 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 24 057 260.54 | 3.61 |
| Autres actifs et passifs | 1 403 648.10 | 0.21 |
| Total de l’Actif net | 665 956 437.30 | 100.00 |

UBS (Lux) Bond SICAV – Short Term USD Corporates Sustainable (USD)
Rapport semestriel au 30 novembre 2022