# UBS (Lux) Bond Fund – Euro High Yield (EUR)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.9.2021 | 31.3.2021 | 31.3.2020 |
| Net assets in EUR |  | 1 811 103 260.54 | 1 730 167 720.42 | 1 597 048 818.93 |
| Class F-acc | LU0415181469 |  |  |  |
| Units outstanding |  | 9 989.0000 | 9 989.0000 | 23 624.0240 |
| Net asset value per unit in EUR |  | 241.27 | 236.56 | 192.52 |
| Issue and redemption price per unit in EUR 1 |  | 241.27 | 236.56 | 193.81 |
| Class (USD hedged) F-acc | LU1611257251 |  |  |  |
| Units outstanding |  | 704 360.5400 | 692 811.5400 | 872 631.5400 |
| Net asset value per unit in USD |  | 126.88 | 123.99 | 99.56 |
| Issue and redemption price per unit in USD 1 |  | 126.88 | 123.99 | 100.23 |
| Class I-A1-acc | LU0415181899 |  |  |  |
| Units outstanding |  | 1 510 765.3060 | 1 317 602.6460 | 774 667.0840 |
| Net asset value per unit in EUR |  | 160.08 | 157.04 | 127.93 |
| Issue and redemption price per unit in EUR 1 |  | 160.08 | 157.04 | 128.79 |
| Class I-A2-acc | LU1368322555 |  |  |  |
| Units outstanding |  | 4 995.0000 | 4 995.0000 | 77 532.4260 |
| Net asset value per unit in EUR |  | 130.33 | 127.82 | 104.09 |
| Issue and redemption price per unit in EUR 1 |  | 130.33 | 127.82 | 104.79 |
| Class (USD hedged) I-A2-acc | LU1545724228 |  |  |  |
| Units outstanding |  | 279 204.9120 | 353 467.3370 | 199 147.3320 |
| Net asset value per unit in USD |  | 107.41 | 104.99 | 84.36 |
| Issue and redemption price per unit in USD 1 |  | 107.41 | 104.99 | 84.93 |
| Class I-A3-acc 2 | LU2094083099 |  |  |  |
| Units outstanding |  | - | - | 343 717.0000 |
| Net asset value per unit in EUR |  | - | - | 84.66 |
| Issue and redemption price per unit in EUR 1 |  | - | - | 85.23 |
| Class I-B-acc | LU0415182517 |  |  |  |
| Units outstanding |  | 2 529.2660 | 20 397.7770 | 19 238.6660 |
| Net asset value per unit in EUR |  | 240.40 | 235.14 | 190.48 |
| Issue and redemption price per unit in EUR 1 |  | 240.40 | 235.14 | 191.76 |
| Class (USD hedged) I-B-acc | LU2107562485 |  |  |  |
| Units outstanding |  | 229 884.0000 | 233 111.0000 | 169 944.0000 |
| Net asset value per unit in EUR |  | 110.15 | 107.37 | 85.81 |
| Issue and redemption price per unit in EUR 1 |  | 110.15 | 107.37 | 86.38 |
| Class I-X-acc | LU0415182780 |  |  |  |
| Units outstanding |  | 1 547 184.8630 | 1 497 519.5970 | 1 800 513.3610 |
| Net asset value per unit in EUR |  | 143.89 | 140.71 | 113.93 |
| Issue and redemption price per unit in EUR 1 |  | 143.89 | 140.71 | 114.69 |
| Class (CHF hedged) I-X-acc | LU0654646750 |  |  |  |
| Units outstanding |  | 94 746.8100 | 87 933.4350 | 155 748.3380 |
| Net asset value per unit in CHF |  | 130.09 | 127.38 | 103.29 |
| Issue and redemption price per unit in CHF 1 |  | 130.09 | 127.38 | 103.98 |
| Class K-1-acc | LU0415180909 |  |  |  |
| Units outstanding |  | 2.1000 | 2.2000 | 5.0000 |
| Net asset value per unit in EUR |  | 6 264 699.54 | 6 149 191.19 | 5 015 375.86 |
| Issue and redemption price per unit in EUR 1 |  | 6 264 699.54 | 6 149 191.19 | 5 048 978.88 |
| Class (USD hedged) K-1-acc 3 | LU1004765761 |  |  |  |
| Units outstanding |  | - | 0.9000 | 0.9000 |
| Net asset value per unit in USD |  | - | 7 425 648.27 | 5 976 032.56 |
| Issue and redemption price per unit in USD 1 |  | - | 7 425 648.27 | 6 016 071.98 |
| Class (USD hedged) K-1-mdist | LU1329801796 |  |  |  |
| Units outstanding |  | 2.9000 | 2.9000 | 12.8000 |
| Net asset value per unit in USD |  | 5 068 175.27 | 5 093 464.38 | 4 351 515.30 |
| Issue and redemption price per unit in USD 1 |  | 5 068 175.27 | 5 093 464.38 | 4 380 670.45 |
| Class K-B-mdist 4 | LU2208382932 |  |  |  |
| Units outstanding |  | 113 650.0370 | 113 650.0370 | - |
| Net asset value per unit in EUR |  | 104.58 | 104.65 | - |
| Issue and redemption price per unit in EUR 1 |  | 104.58 | 104.65 | - |
| Class K-X-mdist 5 | LU1957417600 |  |  |  |
| Units outstanding | -	- | 140 815.6970 |
| Net asset value per unit in EUR | -	- | 86.01 |
| Issue and redemption price per unit in EUR 1 | -	- | 86.59 |
| 1  See note 1 2  For the period from 23.12.2019 to 29.6.2020 the unit class I-A3-acc was in circulation 3  The unit class (USD hedged) K-1-acc was in circulation until 18.5.2021 4  First NAV: 7.8.2020 5  The unit class K-X-mdist was in circulation until 12.8.2020 |  |  |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Semi-Annual Report as of 30 September 2021
|  | ISIN | 30.9.2021 | 31.3.2021 | 31.3.2020 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class N-dist | LU0415180495 |  |  |  |
| Units outstanding |  | 40 215.8990 | 42 986.6410 | 49 522.9600 |
| Net asset value per unit in EUR |  | 103.77 | 104.92 | 89.26 |
| Issue and redemption price per unit in EUR 1 |  | 103.77 | 104.92 | 89.86 |
| Class P-6%-mdist | LU1076698254 |  |  |  |
| Units outstanding |  | 355 684.6820 | 322 863.8610 | 346 875.1480 |
| Net asset value per unit in EUR |  | 81.38 | 82.51 | 71.78 |
| Issue and redemption price per unit in EUR 1 |  | 81.38 | 82.51 | 72.26 |
| Class P-acc | LU0086177085 |  |  |  |
| Units outstanding |  | 893 933.2630 | 942 986.0270 | 1 089 353.0640 |
| Net asset value per unit in EUR |  | 226.27 | 222.72 | 182.68 |
| Issue and redemption price per unit in EUR 1 |  | 226.27 | 222.72 | 183.90 |
| Class (CHF hedged) P-acc | LU0776290842 |  |  |  |
| Units outstanding |  | 66 517.6530 | 65 129.2880 | 75 394.0920 |
| Net asset value per unit in CHF |  | 162.76 | 160.45 | 131.88 |
| Issue and redemption price per unit in CHF 1 |  | 162.76 | 160.45 | 132.76 |
| Class (USD hedged) P-acc | LU0994471687 |  |  |  |
| Units outstanding |  | 355 695.5630 | 360 809.2340 | 345 389.5480 |
| Net asset value per unit in USD |  | 148.00 | 145.21 | 117.54 |
| Issue and redemption price per unit in USD 1 |  | 148.00 | 145.21 | 118.33 |
| Class P-dist | LU0085995990 |  |  |  |
| Units outstanding |  | 1 572 913.5230 | 1 596 256.7560 | 1 744 477.4390 |
| Net asset value per unit in EUR |  | 48.92 | 49.45 | 42.36 |
| Issue and redemption price per unit in EUR 1 |  | 48.92 | 49.45 | 42.64 |
| Class P-mdist | LU0417441200 |  |  |  |
| Units outstanding |  | 952 773.0260 | 942 819.8360 | 1 081 839.6340 |
| Net asset value per unit in EUR |  | 128.41 | 129.33 | 111.15 |
| Issue and redemption price per unit in EUR 1 |  | 128.41 | 129.33 | 111.89 |
| Class (AUD hedged) P-mdist | LU0945635778 |  |  |  |
| Units outstanding |  | 899 375.5590 | 982 185.3240 | 1 174 980.1450 |
| Net asset value per unit in AUD |  | 89.47 | 90.11 | 78.31 |
| Issue and redemption price per unit in AUD 1 |  | 89.47 | 90.11 | 78.83 |
| Class (CAD hedged) P-mdist | LU0945635851 |  |  |  |
| Units outstanding |  | 334 189.4460 | 333 416.8320 | 374 996.7670 |
| Net asset value per unit in CAD |  | 91.50 | 92.20 | 79.90 |
| Issue and redemption price per unit in CAD 1 |  | 91.50 | 92.20 | 80.44 |
| Class (GBP hedged) P-mdist | LU0997192736 |  |  |  |
| Units outstanding |  | 226 420.1230 | 224 309.5920 | 234 658.5220 |
| Net asset value per unit in GBP |  | 88.15 | 88.79 | 76.63 |
| Issue and redemption price per unit in GBP 1 |  | 88.15 | 88.79 | 77.14 |
| Class (HKD hedged) P-mdist | LU0973218331 |  |  |  |
| Units outstanding |  | 161 603.9020 | 171 129.9550 | 196 579.4100 |
| Net asset value per unit in HKD |  | 894.59 | 902.14 | 776.49 |
| Issue and redemption price per unit in HKD 1 |  | 894.59 | 902.14 | 781.69 |
| Class (JPY hedged) P-mdist | LU1545771492 |  |  |  |
| Units outstanding |  | 423 458.6280 | 228 556.6570 | 215 697.5790 |
| Net asset value per unit in JPY |  | 9 348 | 9 421 | 8 076 |
| Issue and redemption price per unit in JPY 1 |  | 9 348 | 9 421 | 8 130 |
| Class (RMB hedged) P-mdist | LU0968750884 |  |  |  |
| Units outstanding |  | 104 926.8890 | 106 400.4590 | 124 380.3530 |
| Net asset value per unit in CNH |  | 1 039.51 | 1 049.03 | 894.33 |
| Issue and redemption price per unit in CNH 1 |  | 1 039.51 | 1 049.03 | 900.32 |
| Class (SGD hedged) P-mdist | LU0989134753 |  |  |  |
| Units outstanding |  | 716 363.5960 | 762 615.4100 | 889 706.1240 |
| Net asset value per unit in SGD |  | 91.51 | 92.28 | 79.70 |
| Issue and redemption price per unit in SGD 1 |  | 91.51 | 92.28 | 80.23 |
| Class (USD hedged) P-mdist | LU0937166394 |  |  |  |
| Units outstanding |  | 2 714 937.0440 | 2 960 617.9170 | 3 282 339.2430 |
| Net asset value per unit in USD |  | 91.57 | 92.28 | 79.39 |
| Issue and redemption price per unit in USD 1 |  | 91.57 | 92.28 | 79.92 |
| Class (ZAR hedged) P-mdist 6 | LU2186299629 |  |  |  |
| Units outstanding |  | 16 255.2610 | 16 246.6490 | - |
| Net asset value per unit in ZAR |  | 1 037.78 | 1 041.50 | - |
| Issue and redemption price per unit in ZAR 1 |  | 1 037.78 | 1 041.50 | - |
| Class Q-6%-mdist | LU1240770286 |  |  |  |
| Units outstanding |  | 24 238.7510 | 24 335.4220 | 26 223.6450 |
| Net asset value per unit in EUR |  | 91.92 | 92.96 | 80.42 |
| Issue and redemption price per unit in EUR 1 |  | 91.92 | 92.96 | 80.96 |
| Class (USD hedged) Q-6%-mdist | LU1317082110 |  |  |  |
| Units outstanding |  | 650.0000 | 1 300.0000 | 1 300.0000 |
| Net asset value per unit in USD |  | 101.19 | 102.01 | 87.08 |
| Issue and redemption price per unit in USD 1 |  | 101.19 | 102.01 | 87.66 |
| Class Q-acc | LU0358408267 |  |  |  |
| Units outstanding |  | 782 408.9400 | 546 327.1090 | 484 596.7610 |
| Net asset value per unit in EUR |  | 209.70 | 205.85 | 167.94 |
| Issue and redemption price per unit in EUR 1 |  | 209.70 | 205.85 | 169.07 |
| 1  See note 1 6  First NAV: 22.9.2020 |  |  |  |  |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Semi-Annual Report as of 30 September 2021
|  | ISIN | 30.9.2021 | 31.3.2021 | 31.3.2020 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class (CHF hedged) Q-acc | LU1240769437 |  |  |  |
| Units outstanding |  | 85 234.6080 | 82 935.6170 | 129 720.9530 |
| Net asset value per unit in CHF |  | 125.17 | 123.07 | 100.60 |
| Issue and redemption price per unit in CHF 1 |  | 125.17 | 123.07 | 101.27 |
| Class (USD hedged) Q-acc | LU1240770013 |  |  |  |
| Units outstanding |  | 69 062.3060 | 64 281.8390 | 69 022.9380 |
| Net asset value per unit in USD |  | 143.37 | 140.29 | 112.95 |
| Issue and redemption price per unit in USD 1 |  | 143.37 | 140.29 | 113.71 |
| Class Q-dist | LU0415181543 |  |  |  |
| Units outstanding |  | 101 890.6250 | 89 832.5710 | 82 397.7910 |
| Net asset value per unit in EUR |  | 103.83 | 105.16 | 89.18 |
| Issue and redemption price per unit in EUR 1 |  | 103.83 | 105.16 | 89.78 |
| Class Q-mdist | LU1240770369 |  |  |  |
| Units outstanding |  | 47 518.3080 | 44 128.9890 | 54 338.0730 |
| Net asset value per unit in EUR |  | 97.43 | 97.84 | 83.64 |
| Issue and redemption price per unit in EUR 1 |  | 97.43 | 97.84 | 84.20 |
| Class (GBP hedged) Q-mdist | LU1240769510 |  |  |  |
| Units outstanding |  | 3 990.7660 | 2 253.4420 | 2 253.4420 |
| Net asset value per unit in GBP |  | 97.23 | 97.67 | 83.85 |
| Issue and redemption price per unit in GBP 1 |  | 97.23 | 97.67 | 84.41 |
| Class (USD hedged) Q-mdist | LU1240770104 |  |  |  |
| Units outstanding |  | 276 874.3450 | 230 159.6960 | 255 475.0940 |
| Net asset value per unit in USD |  | 100.39 | 100.90 | 86.33 |
| Issue and redemption price per unit in USD 1 |  | 100.39 | 100.90 | 86.91 |
| Class (USD hedged) U-X-acc 7 | LU2272237822 |  |  |  |
| Units outstanding |  | 3 619.0000 | 3 049.0000 | - |
| Net asset value per unit in USD |  | 10 277.55 | 10 015.63 | - |
| Issue and redemption price per unit in USD 1 |  | 10 277.55 | 10 015.63 | - |
| Class U-X-UKdist-mdist | LU1839734958 |  |  |  |
| Units outstanding |  | 969.0000 | 981.0000 | 815.0000 |
| Net asset value per unit in EUR |  | 10 143.01 | 10 119.08 | 8 541.20 |
| Issue and redemption price per unit in EUR 1 |  | 10 143.01 | 10 119.08 | 8 598.43 |
| 1  See note 1 7  First NAV: 27.1.2021 |  |  |  |  |


## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
Luxembourg	13.35
United Kingdom	12.43
France	11.38
United States	10.15
Germany	10.02
Italy	9.63
The Netherlands	9.03
Ireland	4.38
Denmark	2.29
Spain	2.24
Sweden	2.00
Mexico	1.21
Japan	0.91
Jersey	0.77
Panama	0.75
Greece	0.58
Belgium	0.51
Czech Republic	0.48
Norway	0.43
Bulgaria	0.36
Finland	0.29
Switzerland	0.29
Singapore	0.25
Portugal	0.23
Austria	0.23
Marshall Islands	0.20
Total	94.39
Economic Breakdown as a % of net assets	
Finance & holding companies	39.15
Banks & credit institutions	7.99
Telecommunications	6.59
Traffic & transportation	5.16
Investment funds	4.51
Miscellaneous services	3.55
Petroleum	3.47
Internet, software & IT services	3.42
Vehicles	2.90
Healthcare & social services	2.37
Lodging, catering & leisure	2.17
Pharmaceuticals, cosmetics & medical products	2.08
Energy & water supply	1.79
Real Estate	1.35
Retail trade, department stores	0.88
Packaging industry	0.83
Mechanical engineering & industrial equipment	0.78
Food & soft drinks	0.76
Textiles, garments & leather goods	0.71
Insurance	0.63
Aerospace industry	0.52
Miscellaneous trading companies	0.52
Miscellaneous unclassified companies	0.49
Mining, coal & steel	0.43
Chemicals	0.36
Agriculture & fishery	0.32
Miscellaneous consumer goods	0.31
Electrical devices & components	0.21
Building industry & materials	0.14
Total	94.39
UBS (Lux) Bond Fund – Euro High Yield (EUR) Semi-Annual Report as of 30 September 2021

## Statement of Net Assets
Assets	30.9.2021
EUR
Investments in securities, cost	1 674 452 046.56
| Investments in securities, unrealized appreciation (depreciation) | 	34 988 007.59	 |
| --- | --- |
| Total investments in securities (Note 1) | 1 709 440 054.15 |
| Cash at banks, deposits on demand and deposit accounts | 60 420 026.57 |
| Receivable on securities sales (Note 1) | 14 262 326.51 |
| Receivable on subscriptions | 8 200 732.63 |
| Interest receivable on securities | 23 899 167.42 |
| Interest receivable on liquid assets | 7 300.55 |
| Unrealized gain on forward foreign exchange contracts (Note 1) | 5 878 707.22 |
| Unrealized gain on Swaps (Note 1) | 3 660 730.97 |
| Total Assets | 1 825 769 046.02 |
|  |  |
| Liabilities |  |
| Bank overdraft | -2 197 182.30 |
| Other short-term liabilities (Margins) | -268 858.34 |
| Interest payable on bank overdraft | -44 129.74 |
| Payable on securities purchases (Note 1) | -7 587 431.12 |
| Payable on redemptions | -3 448 811.13 |
| Provisions for flat fee (Note 2) | -640 153.61 |
| Provisions for taxe d’abonnement (Note 3) | -160 835.74 |
| Provisions for other commissions and fees (Note 2) | 	-318 383.50	 |
| Total provisions | -1 119 372.85 |
| Total Liabilities | -14 665 785.48 |
|  |  |
| Net assets at the end of the period | 1 811 103 260.54 |
| Statement of Operations | EUR |
| Income | 1.4.2021-30.9.2021 |
| Interest on liquid assets | 11 818.50 |
| Interest on securities | 38 577 326.36 |
| Interest received on swaps (Note 1) | 1 520 571.08 |
| Net income on securities lending | 453 412.00 |
| Total income | 40 563 127.94 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -819 509.01 |
| Flat fee (Note 2) | -7 736 619.89 |
| Taxe d’abonnement (Note 3) | -319 326.07 |
| Other commissions and fees (Note 2) | -176 731.75 |
| Interest on cash and bank overdraft | -148 989.73 |
| Other expenses | -247 755.45 |
| Total expenses | -9 448 931.90 |
|  |  |
| Net income (loss) on investments | 31 114 196.04 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 18 766 576.11 |
| Realized gain (loss) on forward foreign exchange contracts | 10 532 241.52 |
| Realized gain (loss) on swaps | -35 488.27 |
| Realized gain (loss) on foreign exchange | -4 099 496.32 |
| Total realized gain (loss) | 25 163 833.04 |
|  |  |
| Net realized gain (loss) of the period | 56 278 029.08 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | -16 579 552.57 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -94 457.85 |
| Unrealized appreciation (depreciation) on swaps | -742 545.81 |
| Total changes in unrealized appreciation (depreciation) | -17 416 556.23 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 38 861 472.85 |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Semi-Annual Report as of 30 September 2021
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | EUR |
|  | 1.4.2021-30.9.2021 |
| Net assets at the beginning of the period | 1 730 167 720.42 |
| Subscriptions | 273 115 013.20 |
| Redemptions | 	-212 058 947.34	 |
| Total net subscriptions (redemptions) | 61 056 065.86 |
| Dividend paid | -18 981 998.59 |
| Net income (loss) on investments | 31 114 196.04 |
| Total realized gain (loss) | 25 163 833.04 |
| Total changes in unrealized appreciation (depreciation) | 	-17 416 556.23	 |
| Net increase (decrease) in net assets as a result of operations | 38 861 472.85 |
| Net assets at the end of the period | 1 811 103 260.54 |
| Development of the outstanding units |  |
|  | 1.4.2021-30.9.2021 |
| Class | F-acc |
| Number of units outstanding at the beginning of the period | 9 989.0000 |
| Number of units issued | 0.0000 |
| Number of units redeemed | 0.0000 |
| Number of units outstanding at the end of the period | 9 989.0000 |
| Class | (USD hedged) F-acc |
| Number of units outstanding at the beginning of the period | 692 811.5400 |
| Number of units issued | 21 622.0000 |
| Number of units redeemed | -10 073.0000 |
| Number of units outstanding at the end of the period | 704 360.5400 |
| Class | I-A1-acc |
| Number of units outstanding at the beginning of the period | 1 317 602.6460 |
| Number of units issued | 412 410.9000 |
| Number of units redeemed | -219 248.2400 |
| Number of units outstanding at the end of the period | 1 510 765.3060 |
| Class | I-A2-acc |
| Number of units outstanding at the beginning of the period | 4 995.0000 |
| Number of units issued | 0.0000 |
| Number of units redeemed | 0.0000 |
| Number of units outstanding at the end of the period | 4 995.0000 |
| Class | (USD hedged) I-A2-acc |
| Number of units outstanding at the beginning of the period | 353 467.3370 |
| Number of units issued | 279 204.9120 |
| Number of units redeemed | -353 467.3370 |
| Number of units outstanding at the end of the period | 279 204.9120 |
| Class | I-B-acc |
| Number of units outstanding at the beginning of the period | 20 397.7770 |
| Number of units issued | 0.0000 |
| Number of units redeemed | -17 868.5110 |
| Number of units outstanding at the end of the period | 2 529.2660 |
| Class | (USD hedged) I-B-acc |
| Number of units outstanding at the beginning of the period | 233 111.0000 |
| Number of units issued | 34 225.0000 |
| Number of units redeemed | -37 452.0000 |
| Number of units outstanding at the end of the period | 229 884.0000 |
| Class | I-X-acc |
| Number of units outstanding at the beginning of the period | 1 497 519.5970 |
| Number of units issued | 88 393.4300 |
| Number of units redeemed | -38 728.1640 |
| Number of units outstanding at the end of the period | 1 547 184.8630 |
| Class | (CHF hedged) I-X-acc |
| Number of units outstanding at the beginning of the period | 87 933.4350 |
| Number of units issued | 6 823.9740 |
| Number of units redeemed | -10.5990 |
| Number of units outstanding at the end of the period | 94 746.8100 |
| Class | K-1-acc |
| Number of units outstanding at the beginning of the period | 2.2000 |
| Number of units issued | 0.1000 |
| Number of units redeemed | -0.2000 |
| Number of units outstanding at the end of the period | 2.1000 |
| Class | (USD hedged) K-1-acc |
| Number of units outstanding at the beginning of the period | 0.9000 |
| Number of units issued | 0.0000 |
| Number of units redeemed | -0.9000 |
| Number of units outstanding at the end of the period | 0.0000 |
| Class | (USD hedged) K-1-mdist |
| Number of units outstanding at the beginning of the period | 2.9000 |
| Number of units issued | 0.0000 |
| Number of units redeemed | 0.0000 |
| Number of units outstanding at the end of the period | 2.9000 |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Semi-Annual Report as of 30 September 2021
| Class | K-B-mdist |
| --- | --- |
| Number of units outstanding at the beginning of the period | 113 650.0370 |
| Number of units issued | 0.0000 |
| Number of units redeemed | 0.0000 |
| Number of units outstanding at the end of the period | 113 650.0370 |
| Class | N-dist |
| Number of units outstanding at the beginning of the period | 42 986.6410 |
| Number of units issued | 866.6750 |
| Number of units redeemed | -3 637.4170 |
| Number of units outstanding at the end of the period | 40 215.8990 |
| Class | P-6%-mdist |
| Number of units outstanding at the beginning of the period | 322 863.8610 |
| Number of units issued | 54 042.9330 |
| Number of units redeemed | -21 222.1120 |
| Number of units outstanding at the end of the period | 355 684.6820 |
| Class | P-acc |
| Number of units outstanding at the beginning of the period | 942 986.0270 |
| Number of units issued | 47 239.4870 |
| Number of units redeemed | -96 292.2510 |
| Number of units outstanding at the end of the period | 893 933.2630 |
| Class | (CHF hedged) P-acc |
| Number of units outstanding at the beginning of the period | 65 129.2880 |
| Number of units issued | 4 476.5090 |
| Number of units redeemed | -3 088.1440 |
| Number of units outstanding at the end of the period | 66 517.6530 |
| Class | (USD hedged) P-acc |
| Number of units outstanding at the beginning of the period | 360 809.2340 |
| Number of units issued | 126 386.9930 |
| Number of units redeemed | -131 500.6640 |
| Number of units outstanding at the end of the period | 355 695.5630 |
| Class | P-dist |
| Number of units outstanding at the beginning of the period | 1 596 256.7560 |
| Number of units issued | 37 793.9040 |
| Number of units redeemed | -61 137.1370 |
| Number of units outstanding at the end of the period | 1 572 913.5230 |
| Class | P-mdist |
| Number of units outstanding at the beginning of the period | 942 819.8360 |
| Number of units issued | 89 523.0060 |
| Number of units redeemed | -79 569.8160 |
| Number of units outstanding at the end of the period | 952 773.0260 |
| Class | (AUD hedged) P-mdist |
| Number of units outstanding at the beginning of the period | 982 185.3240 |
| Number of units issued | 33 853.8820 |
| Number of units redeemed | -116 663.6470 |
| Number of units outstanding at the end of the period | 899 375.5590 |
| Class | (CAD hedged) P-mdist |
| Number of units outstanding at the beginning of the period | 333 416.8320 |
| Number of units issued | 12 076.4350 |
| Number of units redeemed | -11 303.8210 |
| Number of units outstanding at the end of the period | 334 189.4460 |
| Class | (GBP hedged) P-mdist |
| Number of units outstanding at the beginning of the period | 224 309.5920 |
| Number of units issued | 15 595.3420 |
| Number of units redeemed | -13 484.8110 |
| Number of units outstanding at the end of the period | 226 420.1230 |
| Class | (HKD hedged) P-mdist |
| Number of units outstanding at the beginning of the period | 171 129.9550 |
| Number of units issued | 10 359.0430 |
| Number of units redeemed | -19 885.0960 |
| Number of units outstanding at the end of the period | 161 603.9020 |
| Class | (JPY hedged) P-mdist |
| Number of units outstanding at the beginning of the period | 228 556.6570 |
| Number of units issued | 222 395.6650 |
| Number of units redeemed | -27 493.6940 |
| Number of units outstanding at the end of the period | 423 458.6280 |
| Class | (RMB hedged) P-mdist |
| Number of units outstanding at the beginning of the period | 106 400.4590 |
| Number of units issued | 479.1610 |
| Number of units redeemed | -1 952.7310 |
| Number of units outstanding at the end of the period | 104 926.8890 |
| Class | (SGD hedged) P-mdist |
| Number of units outstanding at the beginning of the period | 762 615.4100 |
| Number of units issued | 38 150.6070 |
| Number of units redeemed | -84 402.4210 |
| Number of units outstanding at the end of the period | 716 363.5960 |
| Class | (USD hedged) P-mdist |
| Number of units outstanding at the beginning of the period | 2 960 617.9170 |
| Number of units issued | 186 346.0750 |
| Number of units redeemed | -432 026.9480 |
| Number of units outstanding at the end of the period | 2 714 937.0440 |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Semi-Annual Report as of 30 September 2021
| Class | (ZAR hedged) P-mdist |
| --- | --- |
| Number of units outstanding at the beginning of the period | 16 246.6490 |
| Number of units issued | 313.4240 |
| Number of units redeemed | -304.8120 |
| Number of units outstanding at the end of the period | 16 255.2610 |
| Class | Q-6%-mdist |
| Number of units outstanding at the beginning of the period | 24 335.4220 |
| Number of units issued | 2 689.3210 |
| Number of units redeemed | -2 785.9920 |
| Number of units outstanding at the end of the period | 24 238.7510 |
| Class | (USD hedged) Q-6%-mdist |
| Number of units outstanding at the beginning of the period | 1 300.0000 |
| Number of units issued | 0.0000 |
| Number of units redeemed | -650.0000 |
| Number of units outstanding at the end of the period | 650.0000 |
| Class | Q-acc |
| Number of units outstanding at the beginning of the period | 546 327.1090 |
| Number of units issued | 288 115.3440 |
| Number of units redeemed | -52 033.5130 |
| Number of units outstanding at the end of the period | 782 408.9400 |
| Class | (CHF hedged) Q-acc |
| Number of units outstanding at the beginning of the period | 82 935.6170 |
| Number of units issued | 4 634.9790 |
| Number of units redeemed | -2 335.9880 |
| Number of units outstanding at the end of the period | 85 234.6080 |
| Class | (USD hedged) Q-acc |
| Number of units outstanding at the beginning of the period | 64 281.8390 |
| Number of units issued | 6 132.3860 |
| Number of units redeemed | -1 351.9190 |
| Number of units outstanding at the end of the period | 69 062.3060 |
| Class | Q-dist |
| Number of units outstanding at the beginning of the period | 89 832.5710 |
| Number of units issued | 65 004.1220 |
| Number of units redeemed | -52 946.0680 |
| Number of units outstanding at the end of the period | 101 890.6250 |
| Class | Q-mdist |
| Number of units outstanding at the beginning of the period | 44 128.9890 |
| Number of units issued | 3 573.0470 |
| Number of units redeemed | -183.7280 |
| Number of units outstanding at the end of the period | 47 518.3080 |
| Class | (GBP hedged) Q-mdist |
| Number of units outstanding at the beginning of the period | 2 253.4420 |
| Number of units issued | 1 737.3240 |
| Number of units redeemed | 0.0000 |
| Number of units outstanding at the end of the period | 3 990.7660 |
| Class | (USD hedged) Q-mdist |
| Number of units outstanding at the beginning of the period | 230 159.6960 |
| Number of units issued | 49 323.2060 |
| Number of units redeemed | -2 608.5570 |
| Number of units outstanding at the end of the period | 276 874.3450 |
| Class | (USD hedged) U-X-acc |
| Number of units outstanding at the beginning of the period | 3 049.0000 |
| Number of units issued | 709.0000 |
| Number of units redeemed | -139.0000 |
| Number of units outstanding at the end of the period | 3 619.0000 |
| Class | U-X-UKdist-mdist |
| Number of units outstanding at the beginning of the period | 981.0000 |
| Number of units issued | 41.0000 |
| Number of units redeemed | -53.0000 |
| Number of units outstanding at the end of the period | 969.0000 |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Semi-Annual Report as of 30 September 2021
| Annual Distribution 1 |  |
| --- | --- |
| UBS (Lux) Bond Fund – Euro High Yield (EUR) | Ex-Date | Pay-Date | Currency | Amount per unit |
| N-dist | 1.6.2021 | 4.6.2021 | EUR | 2.55 |
| P-dist | 1.6.2021 | 4.6.2021 | EUR | 1.31 |
| Q-dist | 1.6.2021 | 4.6.2021 | EUR | 3.26 |
| Monthly Distribution 1 |  |  |  |  |
| UBS (Lux) Bond Fund – Euro High Yield (EUR) | Ex-Date | Pay-Date | Currency | Amount per unit |
| (USD hedged) K-1-mdist | 15.4.2021 | 20.4.2021 | USD | 23 387.49 |
| (USD hedged) K-1-mdist | 17.5.2021 | 20.5.2021 | USD | 22 842.88 |
| (USD hedged) K-1-mdist | 15.6.2021 | 18.6.2021 | USD | 22 820.01 |
| (USD hedged) K-1-mdist | 15.7.2021 | 20.7.2021 | USD | 22 828.99 |
| (USD hedged) K-1-mdist | 16.8.2021 | 19.8.2021 | USD | 22 785.07 |
| (USD hedged) K-1-mdist | 15.9.2021 | 20.9.2021 | USD | 22 787.39 |
| K-B-mdist | 15.4.2021 | 20.4.2021 | EUR | 0.41 |
| K-B-mdist | 17.5.2021 | 20.5.2021 | EUR | 0.39 |
| K-B-mdist | 15.6.2021 | 18.6.2021 | EUR | 0.39 |
| K-B-mdist | 15.7.2021 | 20.7.2021 | EUR | 0.39 |
| K-B-mdist | 16.8.2021 | 19.8.2021 | EUR | 0.39 |
| K-B-mdist | 15.9.2021 | 20.9.2021 | EUR | 0.39 |
| P-6%-mdist | 12.4.2021 | 15.4.2021 | EUR | 0.41 |
| P-6%-mdist | 10.5.2021 | 13.5.2021 | EUR | 0.41 |
| P-6%-mdist | 10.6.2021 | 15.6.2021 | EUR | 0.41 |
| P-6%-mdist | 12.7.2021 | 15.7.2021 | EUR | 0.41 |
| P-6%-mdist | 10.8.2021 | 13.8.2021 | EUR | 0.40 |
| P-6%-mdist | 10.9.2021 | 15.9.2021 | EUR | 0.40 |
| P-mdist | 15.4.2021 | 20.4.2021 | EUR | 0.51 |
| P-mdist | 17.5.2021 | 20.5.2021 | EUR | 0.49 |
| P-mdist | 15.6.2021 | 18.6.2021 | EUR | 0.49 |
| P-mdist | 15.7.2021 | 20.7.2021 | EUR | 0.49 |
| P-mdist | 16.8.2021 | 19.8.2021 | EUR | 0.49 |
| P-mdist | 15.9.2021 | 20.9.2021 | EUR | 0.49 |
| (AUD hedged) P-mdist | 15.4.2021 | 20.4.2021 | AUD | 0.40 |
| (AUD hedged) P-mdist | 17.5.2021 | 20.5.2021 | AUD | 0.39 |
| (AUD hedged) P-mdist | 15.6.2021 | 18.6.2021 | AUD | 0.39 |
| (AUD hedged) P-mdist | 15.7.2021 | 20.7.2021 | AUD | 0.39 |
| (AUD hedged) P-mdist | 16.8.2021 | 19.8.2021 | AUD | 0.39 |
| (AUD hedged) P-mdist | 15.9.2021 | 20.9.2021 | AUD | 0.39 |
| (CAD hedged) P-mdist | 15.4.2021 | 20.4.2021 | CAD | 0.42 |
| (CAD hedged) P-mdist | 17.5.2021 | 20.5.2021 | CAD | 0.41 |
| (CAD hedged) P-mdist | 15.6.2021 | 18.6.2021 | CAD | 0.40 |
| (CAD hedged) P-mdist | 15.7.2021 | 20.7.2021 | CAD | 0.40 |
| (CAD hedged) P-mdist | 16.8.2021 | 19.8.2021 | CAD | 0.40 |
| (CAD hedged) P-mdist | 15.9.2021 | 20.9.2021 | CAD | 0.40 |
| (GBP hedged) P-mdist | 15.4.2021 | 20.4.2021 | GBP | 0.39 |
| (GBP hedged) P-mdist | 17.5.2021 | 20.5.2021 | GBP | 0.38 |
| (GBP hedged) P-mdist | 15.6.2021 | 18.6.2021 | GBP | 0.38 |
| (GBP hedged) P-mdist | 15.7.2021 | 20.7.2021 | GBP | 0.38 |
| (GBP hedged) P-mdist | 16.8.2021 | 19.8.2021 | GBP | 0.38 |
| (GBP hedged) P-mdist | 15.9.2021 | 20.9.2021 | GBP | 0.38 |
| (HKD hedged) P-mdist | 15.4.2021 | 20.4.2021 | HKD | 4.26 |
| (HKD hedged) P-mdist | 17.5.2021 | 20.5.2021 | HKD | 4.01 |
| (HKD hedged) P-mdist | 15.6.2021 | 18.6.2021 | HKD | 4.01 |
| (HKD hedged) P-mdist | 15.7.2021 | 20.7.2021 | HKD | 4.01 |
| (HKD hedged) P-mdist | 16.8.2021 | 19.8.2021 | HKD | 4.00 |
| (HKD hedged) P-mdist | 15.9.2021 | 20.9.2021 | HKD | 3.99 |
| (JPY hedged) P-mdist | 15.4.2021 | 20.4.2021 | JPY | 40.00 |
| (JPY hedged) P-mdist | 17.5.2021 | 20.5.2021 | JPY | 39.00 |
| (JPY hedged) P-mdist | 15.6.2021 | 18.6.2021 | JPY | 39.00 |
| (JPY hedged) P-mdist | 15.7.2021 | 20.7.2021 | JPY | 39.00 |
| (JPY hedged) P-mdist | 16.8.2021 | 19.8.2021 | JPY | 39.00 |
| (JPY hedged) P-mdist | 15.9.2021 | 21.9.2021 | JPY | 39.00 |
| (RMB hedged) P-mdist | 15.4.2021 | 20.4.2021 | CNH | 7.11 |
| (RMB hedged) P-mdist | 17.5.2021 | 20.5.2021 | CNH | 7.34 |
| (RMB hedged) P-mdist | 15.6.2021 | 18.6.2021 | CNH | 7.32 |
| (RMB hedged) P-mdist | 15.7.2021 | 20.7.2021 | CNH | 7.32 |
| (RMB hedged) P-mdist | 16.8.2021 | 19.8.2021 | CNH | 7.30 |
| (RMB hedged) P-mdist | 15.9.2021 | 21.9.2021 | CNH | 7.29 |
| (SGD hedged) P-mdist | 15.4.2021 | 20.4.2021 | SGD | 0.42 |
| (SGD hedged) P-mdist | 17.5.2021 | 20.5.2021 | SGD | 0.43 |
| (SGD hedged) P-mdist | 15.6.2021 | 18.6.2021 | SGD | 0.43 |
| (SGD hedged) P-mdist | 15.7.2021 | 21.7.2021 | SGD | 0.43 |
| (SGD hedged) P-mdist | 16.8.2021 | 19.8.2021 | SGD | 0.43 |
| (SGD hedged) P-mdist | 15.9.2021 | 20.9.2021 | SGD | 0.43 |
| (USD hedged) P-mdist | 15.4.2021 | 20.4.2021 | USD | 0.42 |
| (USD hedged) P-mdist | 17.5.2021 | 20.5.2021 | USD | 0.41 |
| 1  See note 4 |  |  |  |  |
| UBS (Lux) Bond Fund – Euro High Yield (EUR) Semi-Annual Report as of 30 September 2021 |  |  |  |  |

| UBS (Lux) Bond Fund – Euro High Yield (EUR) | Ex-Date | Pay-Date | Currency | Amount per unit |
| --- | --- | --- | --- | --- |
| (USD hedged) P-mdist | 15.6.2021 | 18.6.2021 | USD | 0.41 |
| (USD hedged) P-mdist | 15.7.2021 | 20.7.2021 | USD | 0.41 |
| (USD hedged) P-mdist | 16.8.2021 | 19.8.2021 | USD | 0.41 |
| (USD hedged) P-mdist | 15.9.2021 | 20.9.2021 | USD | 0.41 |
| (ZAR hedged) P-mdist | 15.4.2021 | 20.4.2021 | ZAR | 7.79 |
| (ZAR hedged) P-mdist | 17.5.2021 | 20.5.2021 | ZAR | 8.21 |
| (ZAR hedged) P-mdist | 15.6.2021 | 18.6.2021 | ZAR | 8.20 |
| (ZAR hedged) P-mdist | 15.7.2021 | 20.7.2021 | ZAR | 8.21 |
| (ZAR hedged) P-mdist | 16.8.2021 | 19.8.2021 | ZAR | 8.20 |
| (ZAR hedged) P-mdist | 15.9.2021 | 20.9.2021 | ZAR | 8.19 |
| Q-6%-mdist | 12.4.2021 | 15.4.2021 | EUR | 0.46 |
| Q-6%-mdist | 10.5.2021 | 13.5.2021 | EUR | 0.46 |
| Q-6%-mdist | 10.6.2021 | 15.6.2021 | EUR | 0.46 |
| Q-6%-mdist | 12.7.2021 | 15.7.2021 | EUR | 0.46 |
| Q-6%-mdist | 10.8.2021 | 13.8.2021 | EUR | 0.46 |
| Q-6%-mdist | 10.9.2021 | 15.9.2021 | EUR | 0.46 |
| (USD hedged) Q-6%-mdist | 12.4.2021 | 15.4.2021 | USD | 0.51 |
| (USD hedged) Q-6%-mdist | 10.5.2021 | 13.5.2021 | USD | 0.51 |
| (USD hedged) Q-6%-mdist | 10.6.2021 | 15.6.2021 | USD | 0.51 |
| (USD hedged) Q-6%-mdist | 12.7.2021 | 15.7.2021 | USD | 0.51 |
| (USD hedged) Q-6%-mdist | 10.8.2021 | 13.8.2021 | USD | 0.50 |
| (USD hedged) Q-6%-mdist | 10.9.2021 | 15.9.2021 | USD | 0.50 |
| Q-mdist | 15.4.2021 | 20.4.2021 | EUR | 0.38 |
| Q-mdist | 17.5.2021 | 20.5.2021 | EUR | 0.37 |
| Q-mdist | 15.6.2021 | 18.6.2021 | EUR | 0.37 |
| Q-mdist | 15.7.2021 | 20.7.2021 | EUR | 0.37 |
| Q-mdist | 16.8.2021 | 19.8.2021 | EUR | 0.37 |
| Q-mdist | 15.9.2021 | 20.9.2021 | EUR | 0.37 |
| (GBP hedged) Q-mdist | 15.4.2021 | 20.4.2021 | GBP | 0.43 |
| (GBP hedged) Q-mdist | 17.5.2021 | 20.5.2021 | GBP | 0.42 |
| (GBP hedged) Q-mdist | 15.6.2021 | 18.6.2021 | GBP | 0.42 |
| (GBP hedged) Q-mdist | 15.7.2021 | 20.7.2021 | GBP | 0.42 |
| (GBP hedged) Q-mdist | 16.8.2021 | 19.8.2021 | GBP | 0.42 |
| (GBP hedged) Q-mdist | 15.9.2021 | 20.9.2021 | GBP | 0.42 |
| (USD hedged) Q-mdist | 15.4.2021 | 20.4.2021 | USD | 0.46 |
| (USD hedged) Q-mdist | 17.5.2021 | 20.5.2021 | USD | 0.45 |
| (USD hedged) Q-mdist | 15.6.2021 | 18.6.2021 | USD | 0.45 |
| (USD hedged) Q-mdist | 15.7.2021 | 20.7.2021 | USD | 0.45 |
| (USD hedged) Q-mdist | 16.8.2021 | 19.8.2021 | USD | 0.45 |
| (USD hedged) Q-mdist | 15.9.2021 | 20.9.2021 | USD | 0.45 |
| U-X-UKdist-mdist | 15.4.2021 | 20.4.2021 | EUR | 9.63 |
| U-X-UKdist-mdist | 17.5.2021 | 20.5.2021 | EUR | 50.37 |
| U-X-UKdist-mdist | 15.6.2021 | 18.6.2021 | EUR | 38.49 |
| U-X-UKdist-mdist | 15.7.2021 | 20.7.2021 | EUR | 41.77 |
| U-X-UKdist-mdist | 16.8.2021 | 19.8.2021 | EUR | 28.26 |
| U-X-UKdist-mdist | 15.9.2021 | 20.9.2021 | EUR | 34.60 |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Semi-Annual Report as of 30 September 2021

## Statement of Investments in Securities and other Net Assets as of 30 September 2021
| Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange Notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ADIENT GLOBAL HOLDINGS LTD-REG-S 3.50000% 16-15.08.24 | 8 535 000.00 | 8 598 159.00 | 0.47 |
| EUR	ADLER GROUP SA-REG-S 2.75000% 20-13.11.26 | 3 100 000.00 | 2 650 500.00 | 0.15 |
| EUR	ADLER GROUP SA-REG-S 2.25000% 21-27.04.27 | 7 200 000.00 | 5 988 312.00 | 0.33 |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 8.00000% 19-15.05.27 | 18 375 000.00 | 19 551 000.00 | 1.08 |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 26 860 000.00 | 28 078 369.60 | 1.55 |
| EUR	ARD FINANCE SA-REG-S (PIK) 5.00000% 19-30.06.27 | 21 545 000.00 | 22 367 286.47 | 1.24 |
| EUR	ASR MEDIA AND SPONSORSHIP SPA-REG-S 5.12500% 19-01.08.24 | 9 146 000.00 | 8 797 899.58 | 0.49 |
| EUR	ATLANTIA SPA-REG-S 1.87500% 21-12.02.28 | 1 250 000.00 | 1 299 815.00 | 0.07 |
| EUR	AUTOSTRADE PER L’ITALIA SPA-REG-S 2.00000% 20-04.12.28 | 11 815 000.00 | 12 399 937.02 | 0.68 |
| EUR	BANFF MERGER SUB INC-REG-S 8.37500% 18-01.09.26 | 8 340 000.00 | 8 656 086.00 | 0.48 |
| EUR	BOXER PARENT CO INC-REG-S 6.50000% 20-02.10.25 | 5 985 000.00 | 6 283 675.43 | 0.35 |
| EUR	BRITISH AIRWAYS PLC-REG-S 2.75000% 21-25.03.25 | 4 700 000.00 | 4 741 143.80 | 0.26 |
| EUR	BULGARIAN ENERGY HOLDING EAD-REG-S 2.45000% 21-22.07.28 | 6 475 000.00 | 6 495 720.00 | 0.36 |
| EUR	CASINO GUICHARD PERRACHON SA-REG-S 6.62500% 20-15.01.26 | 9 610 000.00 | 10 007 469.60 | 0.55 |
| EUR	CGG SA-REG-S 7.75000% 21-01.04.27 | 6 870 000.00 | 6 979 233.00 | 0.39 |
| EUR	CHEPLAPHARM ARZNEIMITTEL GMBH-REG-S 3.50000% 20-11.02.27 | 4 205 000.00 | 4 252 306.25 | 0.23 |
| EUR	COGENT COMMUNICATIONS GROUP INC-REG-S 4.37500% 19-30.06.24 | 11 960 000.00 | 12 182 575.60 | 0.67 |
| EUR	COTY INC-REG-S 4.00000% 18-15.04.23 | 6 480 000.00 | 6 516 404.64 | 0.36 |
| EUR	CROWN EUROPEAN HOLDINGS SA-REG-S 2.87500% 18-01.02.26 | 10 090 000.00 | 10 739 674.92 | 0.59 |
| EUR	DKT FINANCE APS-REG-S 7.00000% 18-17.06.23 | 37 796 000.00 | 38 485 777.00 | 2.13 |
| EUR	EDREAMS ODIGEO SA-REG-S 5.50000% 18-01.09.23 | 7 170 000.00 | 7 180 755.00 | 0.40 |
| EUR	EG GLOBAL FINANCE PLC-REG-S 4.37500% 19-07.02.25 | 960 000.00 | 953 846.40 | 0.05 |
| EUR	EG GLOBAL FINANCE PLC-REG-S 3.62500% 19-07.02.24 | 2 750 000.00 | 2 727 598.50 | 0.15 |
| EUR	EG GLOBAL FINANCE PLC-REG-S 6.25000% 19-30.10.25 | 5 360 000.00 | 5 475 240.00 | 0.30 |
| EUR	FAURECIA SE-REG-S 3.75000% 20-15.06.28 | 9 750 000.00 | 10 140 000.00 | 0.56 |
| EUR	FORD MOTOR CREDIT CO LLC 2.38600% 19-17.02.26 | 11 390 000.00 | 11 732 839.00 | 0.65 |
| EUR	FORD MOTOR CREDIT CO LLC 2.33000% 19-25.11.25 | 1 500 000.00 | 1 541 280.00 | 0.09 |
| EUR	GARFUNKELUX HOLDCO 3 SA-REG-S 6.75000% 20-01.11.25 | 6 245 000.00 | 6 519 143.01 | 0.36 |
| EUR	GTC AURORA LUXEMBOURG SA-REG-S 2.25000% 21-23.06.26 | 4 610 000.00 | 4 686 470.68 | 0.26 |
| EUR	HERENS MIDCO SARL-REG-S 5.25000% 21-15.05.29 | 15 215 000.00 | 14 758 550.00 | 0.81 |
| EUR	HOUSE OF FINANCE NV/THE-REG-S 4.37500% 19-15.07.26 | 500 000.00 | 512 500.00 | 0.03 |
| EUR	HOUSE OF HR-REG-S-SUB 7.50000% 20-15.01.27 | 8 265 000.00 | 8 792 720.25 | 0.49 |
| EUR	IHO VERWALTUNGS GMBH-REG-S (PIK) 3.87500% 19-15.05.27 | 2 705 000.00 | 2 775 876.41 | 0.15 |
| EUR	INEOS QUATTRO FINANCE 1 PLC-REG-S 3.75000% 21-15.07.26 | 2 090 000.00 | 2 146 329.68 | 0.12 |
| EUR	INTERNATIONAL GAME TECHNOLOGY PLC-REG-S 3.50000% 19-15.06.26 | 10 333 000.00 | 10 598 558.10 | 0.59 |
| EUR	INTL CONSOLIDATED AIRLINES GROUP-REG-S 1.50000% 19-04.07.27 | 2 900 000.00 | 2 669 885.00 | 0.15 |
| EUR	IQVIA INC-REG-S 2.25000% 19-15.01.28 | 5 675 000.00 | 5 709 787.75 | 0.32 |
| EUR	IQVIA INC-REG-S 2.87500% 20-15.06.28 | 8 880 000.00 | 9 124 288.80 | 0.50 |
| EUR	JAGUAR LAND ROVER AUTOMOTIVE PLC-REG-S 6.87500% 19-15.11.26 | 2 980 000.00 | 3 316 167.84 | 0.18 |
| EUR	JAGUAR LAND ROVER AUTOMOTIVE PLC-REG-S 5.87500% 19-15.11.24 | 6 001 000.00 | 6 391 305.04 | 0.35 |
| EUR	LABORATOIRE EIMER SELARL-REG-S 5.00000% 21-01.02.29 | 3 915 000.00 | 4 042 237.50 | 0.22 |
| EUR	LHMC FINCO SARL-REG-S 6.25000% 18-20.12.23 | 2 951 000.00 | 2 542 237.54 | 0.14 |
| EUR	LINCOLN FINANCING SARL-REG-S 3.62500% 19-01.04.24 | 6 230 000.00 | 6 280 774.50 | 0.35 |
| EUR	LOXAM SAS-REG-S 3.75000% 19-15.07.26 | 9 155 000.00 | 9 351 832.50 | 0.52 |
| EUR	MONITCHEM HOLDCO 2 SA-REG-S-SUB 9.50000% 19-15.09.26 | 10 652 000.00 | 11 530 790.00 | 0.64 |
| EUR	MONITCHEM HOLDCO 3 SA-REG-S 5.25000% 19-15.03.25 | 1 230 000.00 | 1 260 745.08 | 0.07 |
| EUR	NETFLIX INC 3.62500% 17-15.05.27 | 15 355 000.00 | 17 735 025.00 | 0.98 |
| EUR	NETFLIX INC-REG-S 3.87500% 19-15.11.29 | 9 910 000.00 | 11 991 179.28 | 0.66 |
| EUR	NIDDA BONDCO GMBH-REG-S 5.00000% 17-30.09.25 | 5 275 000.00 | 5 254 163.75 | 0.29 |
| EUR	NIDDA HEALTHCARE HOLDING AG-REG-S 3.50000% 17-30.09.24 | 15 980 000.00 | 15 868 140.00 | 0.88 |
| EUR	NIDDA HEALTHCARE HOLDING AG-REG-S 3.50000% 20-30.09.24 | 4 425 000.00 | 4 397 343.75 | 0.24 |
| EUR	ORGANON FINANCE 1 LLC-REG-S 2.87500% 21-30.04.28 | 5 260 000.00 | 5 367 367.12 | 0.30 |
| EUR	PROMONTORIA HOLDING-REG-S 6.75000% 18-15.08.23 | 9 640 000.00 | 9 688 257.84 | 0.54 |
| EUR	PUBLIC POWER CORP SA-REG-S 3.87500% 21-30.03.26 | 4 720 000.00 | 4 920 600.00 | 0.27 |
| EUR	SAZKA GROUP AS-REG-S 4.12500% 19-20.11.24 | 1 750 000.00 | 1 789 375.00 | 0.10 |
| EUR	SAZKA GROUP AS-REG-S 3.87500% 20-15.02.27 | 6 840 000.00 | 6 942 600.00 | 0.38 |
| EUR	SCIENTIFIC GAMES INTERNATIONAL-REG-S 5.50000% 18-15.02.26 | 4 270 000.00 | 4 391 148.44 | 0.24 |
| EUR	SILGAN HOLDINGS INC 2.25000% 20-01.06.28 | 4 250 000.00 | 4 276 562.50 | 0.24 |
| EUR	SOFTBANK GROUP CORP-REG-S 5.00000% 18-15.04.28 | 3 160 000.00 | 3 324 493.80 | 0.18 |
| EUR	SUMMER BC HOLDCO A SARL-REG-S 9.25000% 19-31.10.27 | 13 360 000.00 | 13 079 355.61 | 0.72 |
| EUR	TELE COLUMBUS AG-REG-S 3.87500% 18-02.05.25 | 20 085 000.00 | 20 135 212.50 | 1.11 |
| EUR	TEVA PHARMACEUTICAL FINANCE II BV 4.50000% 18-01.03.25 | 15 533 000.00 | 16 118 399.94 | 0.89 |
| EUR	TEVA PHARMACEUTICAL FIN 6.00000% 20-31.01.25 | 14 990 000.00 | 16 201 379.38 | 0.89 |
| EUR	TI AUTOMOTIVE FINANCE PLC-REG-S 3.75000% 21-15.04.29 | 6 305 000.00 | 6 366 789.00 | 0.35 |
| EUR	TUI CRUISES GMBH-REG-S 6.50000% 21-15.05.26 | 5 310 000.00 | 5 469 300.00 | 0.30 |
| EUR	UNILABS SUBHOLDING AB-REG-S 5.75000% 17-15.05.25 | 8 730 000.00 | 8 864 442.00 | 0.49 |
| EUR	UNITED GROUP BV-REG-S 4.87500% 17-01.07.24 | 3 210 000.00 | 3 246 722.40 | 0.18 |
| EUR	VERISURE MIDHOLDING AB-REG-S 5.25000% 21-15.02.29 | 5 710 000.00 | 5 857 774.80 | 0.32 |
| EUR	VERTICAL HOLDCO GMBH-REG-S 6.62500% 20-15.07.28 | 7 820 000.00 | 7 472 863.94 | 0.41 |
| EUR	VIRGIN MEDIA FINANCE PLC-REG-S 3.75000% 20-15.07.30 | 1 690 000.00 | 1 711 125.00 | 0.09 |
| EUR	WMG ACQUISITION CORP-REG-S 2.75000% 20-15.07.28 | 1 810 000.00 | 1 864 249.32 | 0.10 |
| EUR	WMG ACQUISITION CORP-REG-S 2.25000% 21-15.08.31 | 3 795 000.00 | 3 791 630.04 | 0.21 |
| EUR	ZF EUROPE FINANCE BV-REG-S 2.00000% 19-23.02.26 | 2 900 000.00 | 2 925 293.80 | 0.16 |
| Total EUR |  | 586 883 897.70 | 32.40 |
| GBP |  |  |  |
| GBP	CPUK FINANCE LTD-REG-S 4.50000% 21-28.08.27 | 1 850 000.00 | 2 187 778.21 | 0.12 |
| GBP	ENCORE CAPITAL GROUP INC-REG-S 4.25000% 21-01.06.26 | 3 655 000.00 | 4 244 659.78 | 0.24 |
| GBP	PINNACLE BIDCO PLC-REG-S 6.37500% 18-15.02.25 | 6 730 000.00 | 7 994 268.78 | 0.44 |
| Total GBP |  | 14 426 706.77 | 0.80 |
| USD |  |  |  |
| USD	DRESDNER FUND TRUST I-REG-S 8.15100% 99-30.06.31 | 3 000 000.00 | 3 692 566.54 | 0.20 |
| USD	EQT CORP 3.90000% 17-01.10.27 | 3 620 000.00 | 3 380 363.77 | 0.19 |
| USD	GENESIS ENERGY LP 8.00000% 20-15.01.27 | 5 125 000.00 | 4 477 382.55 | 0.25 |
| USD	ITHACA ENERGY NORTH SEA PLC-REG-S 9.00000% 21-15.07.26 | 5 220 000.00 | 4 603 391.86 | 0.25 |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Semi-Annual Report as of 30 September 2021
|  | Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | NEPTUNE ENERGY BONDCO PLC-REG-S 6.62500% 18-15.05.25 | 12 205 000.00 | 10 833 852.84 | 0.60 |
| USD | OCCIDENTAL PETROLEUM CORP 3.20000% 19-15.08.26 | 3 776 000.00 | 3 326 346.64 | 0.18 |
| USD | OCCIDENTAL PETROLEUM CORP 2.90000% 19-15.08.24 | 2 520 000.00 | 2 213 303.43 | 0.12 |
| USD | ZIGGO BV-144A 5.50000% 16-15.01.27 | 9 876 000.00 | 8 809 107.38 | 0.49 |
| Total USD |  |  | 41 336 315.01 | 2.28 |
| Total Notes, fixed rate |  | 642 646 919.48 | 35.48 |
| Notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	ABANCA CORP BANCARIA SA-REG-S-SUB VAR 21-PRP | 5 400 000.00 | 5 798 260.80 | 0.32 |
| EUR	ACCOR SA-REG-S-SUB 2.625%/VAR 19-PRP | 7 200 000.00 | 6 930 000.00 | 0.38 |
| EUR	BANCA MONT DEI PAS DI SIENA-REG-S-SUB 8.000%/VAR 20-22.01.30 | 3 755 000.00 | 3 004 000.00 | 0.17 |
| EUR	BANCA MONTE DEI PASCHI DI-REG-S-SUB 8.520%/VAR 20-10.09.30 | 2 000 000.00 | 1 625 000.00 | 0.09 |
| EUR	BANCO BPM SPA-REG-S-SUB 5.000%/VAR 20-14.09.30 | 3 340 000.00 | 3 642 470.40 | 0.20 |
| EUR	BANCO SANTANDER SA SUB-REG-S 3.625%/VAR 21-PRP | 3 000 000.00 | 2 917 500.00 | 0.16 |
| EUR	BANQUE INTL A LUXEMBOURG SA-REG-S-SUB VAR 19-PRP | 4 800 000.00 | 5 006 976.00 | 0.28 |
| EUR	BORMIOLI PHARMA SPA-REG-S 3M EURIBOR+350BP 17-15.11.24 | 7 510 000.00 | 7 314 740.00 | 0.40 |
| EUR	DTE POSTBANK FUNDING TRUST I-SUB 10YR EUSA+2.5BP 04-PRP | 2 872 000.00 | 2 823 032.40 | 0.16 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 3.375%/VAR 20-PRP | 8 800 000.00 | 9 251 528.00 | 0.51 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 2.875%/VAR 20-PRP | 7 600 000.00 | 7 848 960.80 | 0.43 |
| EUR	PROMONTORIA HOLDING-REG-S 3M EURIBOR+625BP 18-15.08.23 | 1 955 000.00 | 1 947 473.25 | 0.11 |
| EUR	REPSOL INTERNATIONAL FINANCE BV-REG-S-SUB 3.750%/VAR 20-PRP | 1 225 000.00 | 1 304 294.25 | 0.07 |
| EUR	REPSOL INTERNATIONAL FINANCE BV-SUB 4.247%/VAR 20-PRP | 1 225 000.00 | 1 341 497.50 | 0.07 |
| EUR	SAMHALLSBYGGNADSBOLAGET I NORDEN-REG-S-SUB 2.875%/VAR 21-PRP | 4 480 000.00 | 4 466 918.40 | 0.25 |
| EUR	UNICREDIT SPA-REG-S-SUB 2.731%/VAR 20-15.01.32 | 3 365 000.00 | 3 494 209.27 | 0.19 |
| Total EUR |  | 68 716 861.07 | 3.79 |
| GBP |  |  |  |
| GBP	MILLER HOMES GROUP HOLD PLC-REG-S 3M LIBOR+525BP 17-15.10.23 | 3 216 000.00 | 1 183 333.54 | 0.07 |
| Total GBP |  | 1 183 333.54 | 0.07 |
| USD |  |  |  |
| USD	BARCLAYS PLC 4.375%/VAR 21-PRP | 4 460 000.00 | 3 845 617.16 | 0.21 |
| USD	HSBC BANK PLC-SUB 6M LIBOR+25BP 85-PRP | 1 670 000.00 | 1 362 283.10 | 0.08 |
| USD	SOFTBANK GROUP CORP-REG-S-SUB 6.000%/VAR 17-PRP | 10 290 000.00 | 8 839 296.89 | 0.49 |
| Total USD |  | 14 047 197.15 | 0.78 |
| Total Notes, floating rate |  | 83 947 391.76 | 4.64 |
| Medium term notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ATLANTIA SPA-REG-S 1.87500% 17-13.07.27 | 2 510 000.00 | 2 612 965.22 | 0.14 |
| EUR	AUTOSTRADE PER L’ITALIA SPA-REG-S 1.75000% 15-26.06.26 | 14 940 000.00 | 15 424 115.76 | 0.85 |
| EUR	AUTOSTRADE PER L’ITALIA SPA-REG-S 1.75000% 16-01.02.27 | 7 300 000.00 | 7 544 170.40 | 0.42 |
| EUR	AUTOSTRADE PER L’ITALIA SPA-REG-S 1.87500% 17-26.09.29 | 6 037 000.00 | 6 293 403.46 | 0.35 |
| EUR	BANCA MONTE DEI PASCHI DI SIENA-REG-S 3.62500% 19-24.09.24 | 7 555 000.00 | 7 878 024.60 | 0.43 |
| EUR	CASINO GUICHARD PERRACHON SA-REG-S STEP-UP 14-07.03.24 | 4 100 000.00 | 4 121 910.40 | 0.23 |
| EUR	CASINO GUICHARD PERRACHON SA-REG-S STEP-UP 14-07.02.25 | 1 900 000.00 | 1 836 350.00 | 0.10 |
| EUR	COMMERZBANK AG-REG-S-SUB 4.00000% 16-23.03.26 | 2 067 000.00 | 2 321 861.10 | 0.13 |
| EUR	DEUTSCHE BANK AG-SUB 4.50000% 16-19.05.26 | 6 200 000.00 | 7 168 266.40 | 0.40 |
| EUR	DEUTSCHE LUFTHANSA AG-REG-S 3.50000% 21-14.07.29 | 5 900 000.00 | 6 092 104.00 | 0.34 |
| EUR	DEUTSCHE LUFTHANSA AG-REG-S 2.00000% 21-14.07.24 | 3 100 000.00 | 3 156 748.60 | 0.17 |
| EUR	INTESA SANPAOLO SPA-REG-S-SUB 3.92800% 14-15.09.26 | 1 775 000.00 | 2 006 602.00 | 0.11 |
| EUR	LEONARDO SPA-REG-S 2.37500% 20-08.01.26 | 1 955 000.00 | 2 049 817.50 | 0.11 |
| EUR	NASSA TOPCO AS-REG-S 2.87500% 17-06.04.24 | 7 514 000.00 | 7 748 436.80 | 0.43 |
| EUR	ORANO SA-REG-S 2.75000% 20-08.03.28 | 2 000 000.00 | 2 110 008.00 | 0.12 |
| EUR	PETROLEOS MEXICANOS-REG-S 2.75000% 15-21.04.27 | 1 130 000.00 | 1 063 824.38 | 0.06 |
| EUR	PETROLEOS MEXICANOS-REG-S 5.12500% 16-15.03.23 | 5 521 000.00 | 5 796 359.88 | 0.32 |
| EUR	PETROLEOS MEXICANOS-REG-S 3.75000% 17-21.02.24 | 2 295 000.00 | 2 371 452.18 | 0.13 |
| EUR	PETROLEOS MEXICANOS-REG-S 4.87500% 17-21.02.28 | 3 365 000.00 | 3 397 177.81 | 0.19 |
| EUR	PPF TELECOM GROUP BV-REG-S 3.25000% 20-29.09.27 | 6 070 000.00 | 6 585 950.00 | 0.36 |
| EUR	RENAULT SA-REG-S 2.37500% 20-25.05.26 | 9 000 000.00 | 9 090 000.00 | 0.50 |
| EUR	SHAEFFLER AG-REG-S 3.37500% 20-12.10.28 | 17 100 000.00 | 19 130 693.40 | 1.06 |
| EUR	TELECOM ITALIA FINANCE SA 7.75000% 03-24.01.33 | 1 402 000.00 | 2 044 814.19 | 0.11 |
| EUR	TELECOM ITALIA SPA-REG-S 3.00000% 16-30.09.25 | 830 000.00 | 880 973.62 | 0.05 |
| EUR	TELECOM ITALIA SPA-REG-S 2.37500% 17-12.10.27 | 2 890 000.00 | 2 990 861.00 | 0.16 |
| EUR	TELECOM ITALIA SPA-REG-S 2.87500% 18-28.01.26 | 610 000.00 | 643 733.00 | 0.04 |
| EUR	TELECOM ITALIA SPA-REG-S 2.75000% 19-15.04.25 | 4 475 000.00 | 4 693 380.00 | 0.26 |
| EUR	THYSSENKRUPP AG-REG-S 2.87500% 19-22.02.24 | 7 540 000.00 | 7 728 500.00 | 0.43 |
| EUR	UNIPOL GRUPPO SPA-REG-S 3.50000% 17-29.11.27 | 3 800 000.00 | 4 387 434.40 | 0.24 |
| EUR	ZF FINANCE GMBH-REG-S 3.75000% 20-21.09.28 | 9 800 000.00 | 10 682 000.00 | 0.59 |
| EUR	ZF FINANCE GMBH-REG-S 3.00000% 20-21.09.25 | 2 300 000.00 | 2 420 750.00 | 0.13 |
| EUR	ZF FINANCE GMBH-REG-S 2.75000% 20-25.05.27 | 4 300 000.00 | 4 451 067.60 | 0.25 |
| EUR	ZF FINANCE GMBH-REG-S 2.00000% 21-06.05.27 | 2 600 000.00 | 2 613 000.00 | 0.14 |
| Total EUR |  | 169 336 755.70 | 9.35 |
| GBP |  |  |  |
| GBP	FORD MOTOR CREDIT CO LLC 2.74800% 20-14.06.24 | 4 295 000.00 | 5 047 164.06 | 0.28 |
| GBP	PETROLEOS MEXICANOS 8.25000% 09-02.06.22 | 3 942 000.00 | 4 758 199.70 | 0.26 |
| Total GBP |  | 9 805 363.76 | 0.54 |
| USD |  |  |  |
| USD	ENQUEST PLC-144A-REG-S (PIK) 7.00000% 16-15.04.22 | 24 272 850.00 | 20 074 659.58 | 1.11 |
| Total USD |  | 20 074 659.58 | 1.11 |
| Total Medium term notes, fixed rate |  | 199 216 779.04 | 11.00 |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Semi-Annual Report as of 30 September 2021
| Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Medium term notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	AIB GROUP PLC-REG-S-SUB 2.875%/VAR 20-30.05.31 | 4 925 000.00 | 5 283 894.60 | 0.29 |
| EUR	BANCO BPM SPA-REG-S-SUB 3.250%/VAR 20-14.01.2031 | 2 185 000.00 | 2 232 750.99 | 0.12 |
| EUR	BANCO COMERCIAL PORTUGUES-REG-S-SUB 4.500%/VAR 17-07.12.27 | 1 500 000.00 | 1 550 250.00 | 0.09 |
| EUR	BANCO COMERCIAL PORTUGUES-REG-S-SUB 3.871%/VAR 19-27.03.30 | 2 600 000.00 | 2 672 805.20 | 0.15 |
| EUR	BANK OF CYPRUS HOLDINGS-REG-S-SUB 6.625%/VAR 21-23.10.31 | 4 045 000.00 | 4 198 467.30 | 0.23 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.000%/VAR 14-PRP | 3 100 000.00 | 3 479 068.00 | 0.19 |
| EUR	INTESA SANPAOLO SPA-REG-S-SUB 5.875%/VAR 19-04.03.29 | 2 030 000.00 | 2 270 916.34 | 0.13 |
| EUR	PIRAEUS GROUP FINANCE PLC-REG-S-SUB 9.750%/VAR 19-26.06.29 | 5 145 000.00 | 5 623 207.17 | 0.31 |
| EUR	UNICREDIT SPA-REG-S-SUB 4.875%/VAR 19-20.02.29 | 7 000 000.00 | 7 605 892.00 | 0.42 |
| EUR	UNICREDIT SPA-REG-S-SUB 2.000%/VAR 19-23.09.29 | 1 110 000.00 | 1 130 352.96 | 0.06 |
| EUR	UNICREDIT SPA-REG-S-SUB 4.450%/VAR 21-PRP | 7 310 000.00 | 7 565 850.00 | 0.42 |
| EUR	UNIPOLSAI SPA-SUB 5.750%/VAR 14-PRP | 3 090 000.00 | 3 410 587.50 | 0.19 |
| Total EUR |  | 47 024 042.06 | 2.60 |
| GBP |  |  |  |
| GBP	HSBC BANK PLC 5.84400%/6M LIBOR+176BP 03-PRP | 1 905 000.00 | 3 075 710.16 | 0.17 |
| Total GBP |  | 3 075 710.16 | 0.17 |
| USD |  |  |  |
| USD	HSBC BANK PLC-SUB 6M LIBOR+25BP 85-PRP | 980 000.00 | 799 288.32 | 0.04 |
| Total USD |  | 799 288.32 | 0.04 |
| Total Medium term notes, floating rate |  | 50 899 040.54 | 2.81 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ADLER REAL ESTATE AG-REG-S 1.50000% 19-17.04.22 | 1 900 000.00 | 1 812 284.60 | 0.10 |
| EUR	AEDAS HOMES OPCO SLU-REG-S 4.00000% 21-15.08.26 | 2 420 000.00 | 2 502 038.00 | 0.14 |
| EUR	ALTICE FINANCING SA-REG-S 2.25000% 20-15.01.25 | 2 375 000.00 | 2 286 887.50 | 0.13 |
| EUR	ALTICE FINANCING SA-REG-S 3.00000% 20-15.01.28 | 8 110 000.00 | 7 633 943.00 | 0.42 |
| EUR	ALTICE FRANCE SA/FRANCE-REG-S 4.00000% 21-15.07.29 | 5 685 000.00 | 5 594 983.71 | 0.31 |
| EUR	AVANTOR FUNDING INC-REG-S 2.62500% 20-01.11.25 | 2 840 000.00 | 2 902 536.80 | 0.16 |
| EUR	BK LC LUX FINCO1 SARL-REG-S 5.25000% 21-30.04.29 | 4 860 000.00 | 5 042 250.00 | 0.28 |
| EUR	CAB SELAS-REG-S 3.37500% 21-01.02.28 | 3 665 000.00 | 3 696 819.53 | 0.20 |
| EUR	CARNIVAL CORP-REG-S 10.12500% 20-01.02.26 | 8 645 000.00 | 9 924 460.00 | 0.55 |
| EUR	CARNIVAL CORP-REG-S 7.62500% 20-01.03.26 | 3 320 000.00 | 3 583 574.80 | 0.20 |
| EUR	CHEPLAPHARM ARZNEIMITTEL GMBH-REG-S 4.37500% 20-15.01.28 | 2 595 000.00 | 2 698 800.00 | 0.15 |
| EUR	CIDRON AIDA FINCO SARL-REG-S 5.00000% 21-01.04.28 | 2 410 000.00 | 2 427 756.89 | 0.13 |
| EUR	CIRSA FINANCE INTERNATIONAL-REG-S 4.75000% 19-22.05.25 | 5 890 000.00 | 5 904 725.00 | 0.33 |
| EUR	CIRSA FINANCE INTERNATIONAL-REG-S 4.50000% 21-15.03.27 | 6 530 000.00 | 6 458 953.60 | 0.36 |
| EUR	CMA CGM SA-REG-S 5.25000% 17-15.01.25 | 10 270 000.00 | 10 412 013.56 | 0.57 |
| EUR	COTY INC-REG-S 3.87500% 21-15.04.26 | 4 815 000.00 | 4 924 589.40 | 0.27 |
| EUR	CRYSTAL ALMOND SARL-REG-S 4.25000% 19-15.10.24 | 7 370 000.00 | 7 524 180.40 | 0.41 |
| EUR	CTC BONDCO GMBH-REG-S 5.25000% 17-15.12.25 | 6 732 000.00 | 6 869 332.80 | 0.38 |
| EUR	DUFRY ONE BV-REG-S 3.37500% 21-15.04.28 | 6 005 000.00 | 5 959 962.50 | 0.33 |
| EUR	FAURECIA SE-REG-S 2.37500% 19-15.06.27 | 175 000.00 | 175 875.00 | 0.01 |
| EUR	GRUENENTHAL GMBH-REG-S 3.62500% 21-15.11.26 | 1 500 000.00 | 1 555 680.00 | 0.09 |
| EUR	GRUENENTHAL GMBH-REG-S 4.12500% 21-15.05.28 | 4 800 000.00 | 5 029 056.00 | 0.28 |
| EUR	HEIMSTADEN AB-REG-S 4.37500% 21-06.03.27 | 5 500 000.00 | 5 511 871.75 | 0.30 |
| EUR	IHO VERWALTUNGS GMBH-REG-S (PIK) 3.75000% 16-15.09.26 | 1 670 000.00 | 1 700 661.20 | 0.09 |
| EUR	INEOS QUATTRO FINANCE 2 PLC-REG-S 2.50000% 21-15.01.26 | 8 445 000.00 | 8 518 657.29 | 0.47 |
| EUR	INTRUM JUSTITIA AB-REG-S 3.12500% 17-15.07.24 | 11 545 000.00 | 11 603 302.25 | 0.64 |
| EUR	KAPLA HOLDING SAS-REG-S 3.37500% 19-15.12.26 | 4 665 000.00 | 4 677 959.37 | 0.26 |
| EUR	KEDRION SPA-REG-S 3.37500% 21-15.05.26 | 10 405 000.00 | 10 367 958.20 | 0.57 |
| EUR	KLEOPATRA FINCO SARL-REG-S 4.25000% 21-01.03.26 | 3 215 000.00 | 3 144 977.30 | 0.17 |
| EUR	KME AG-REG-S 6.75000% 18-01.02.23 | 7 680 000.00 | 7 261 286.40 | 0.40 |
| EUR	LHMC FINCO 2 SARL-REG-S (PIK) 7.25000% 19-02.10.25 | 8 731 983.95 | 8 876 707.85 | 0.49 |
| EUR	LOXAM SAS-REG-S 4.25000% 17-15.04.24 | 1 400 000.00 | 1 411 760.00 | 0.08 |
| EUR	LOXAM SAS-REG-S 6.00000% 17-15.04.25 | 7 945 000.00 | 8 087 580.97 | 0.45 |
| EUR	MATTERHORN TELECOM SA-REG-S 3.12500% 19-15.09.26 | 4 020 000.00 | 4 020 000.00 | 0.22 |
| EUR	MOTION FINCO SARL-REG-S 7.00000% 20-15.05.25 | 9 015 000.00 | 9 463 045.50 | 0.52 |
| EUR	MULHACEN PTE LTD-REG-S (PIK) 7.50000% 18-01.08.23 | 5 310 197.00 | 4 429 766.34 | 0.24 |
| EUR	NIDDA BONDCO GMBH-REG-S 7.25000% 18-30.09.25 | 9 432 000.00 | 9 577 762.13 | 0.53 |
| EUR	NOBIAN FINANCE BV-REG-S 3.62500% 21-15.07.26 | 7 205 000.00 | 7 135 241.19 | 0.39 |
| EUR	NOMAD FOODS BONDCO PLC-REG-S 2.50000% 21-24.06.28 | 7 510 000.00 | 7 615 140.00 | 0.42 |
| EUR	OI EUROPEAN GROUP BV-REG-S 3.12500% 16-15.11.24 | 2 950 000.00 | 3 047 704.00 | 0.17 |
| EUR	OI EUROPEAN GROUP BV-REG-S 2.87500% 19-15.02.25 | 9 720 000.00 | 9 849 237.12 | 0.54 |
| EUR	PAPREC HOLDING-REG-S 4.00000% 18-31.03.25 | 3 838 000.00 | 3 905 165.00 | 0.22 |
| EUR	PAPREC HOLDING-REG-S-3.50000% 21-01.07.28 | 6 605 000.00 | 6 686 849.15 | 0.37 |
| EUR	PARTS EUROPE SA-REG-S 6.50000% 20-16.07.25 | 9 055 000.00 | 9 439 837.50 | 0.52 |
| EUR	PETROLEOS MEXICANOS-REG-S 5.50000% 05-24.02.25 | 610 000.00 | 665 776.88 | 0.04 |
| EUR	PETROLEOS MEXICANOS-REG-S 3.75000% 14-16.04.26 | 3 779 000.00 | 3 799 784.50 | 0.21 |
| EUR	PHM GROUP HOLDING OY-144A-REG-S 4.75000% 21-18.06.26 | 5 185 000.00 | 5 330 180.00 | 0.29 |
| EUR	PINNACLE BIDCO PLC-REG-S 5.50000% 20-15.02.25 | 9 540 000.00 | 9 826 200.00 | 0.54 |
| EUR	PLT VII FINANCE SARL-REG-S 4.62500% 20-05.01.26 | 7 260 000.00 | 7 466 764.80 | 0.41 |
| EUR	PRIMO WATER HOLDINGS INC-REG-S 3.87500% 20-31.10.28 | 6 520 000.00 | 6 745 565.92 | 0.37 |
| EUR	QUATRIM SASU-REG-S 5.87500% 19-15.01.24 | 3 170 000.00 | 3 263 832.00 | 0.18 |
| EUR	REKEEP SPA-REG-S 7.25000% 21-01.02.26 | 4 460 000.00 | 4 807 969.20 | 0.27 |
| EUR	REXEL SA-REG-S 2.75000% 19-15.06.26 | 3 675 000.00 | 3 750 153.75 | 0.21 |
| EUR	ROSSINI SARL-REG-S 6.75000% 18-30.10.25 | 11 930 000.00 | 12 376 182.00 | 0.68 |
| EUR	RUBIS TERMINAL INFRA SAS -REG-S 5.62500% 20-15.05.25 | 12 375 000.00 | 12 993 750.00 | 0.72 |
| EUR	SIGMA HOLDCO BV-REG-S 5.75000% 18-15.05.26 | 7 320 000.00 | 6 990 600.00 | 0.39 |
| EUR	SIGNA DEVELOPMENT FINANCE SCS-REG-S 5.50000% 21-23.07.26 | 8 400 000.00 | 7 790 815.20 | 0.43 |
| EUR	SOFIMA HOLDING SPA-REG-S 3.75000% 20-15.01.28 | 4 565 000.00 | 4 599 237.50 | 0.25 |
| EUR	SOFTBANK GROUP CORP-REG-S 5.25000% 15-30.07.27 | 4 000 000.00 | 4 290 546.80 | 0.24 |
| EUR	STANDARD PROFIL AUTOMOTIVE GMBH-REG-S 6.25000% 21-30.04.26 | 7 480 000.00 | 6 821 760.00 | 0.38 |
| EUR	SUMMER BC HOLDCO B SARL-REG-S 5.75000% 19-31.10.26 | 4 115 000.00 | 4 310 462.49 | 0.24 |
| EUR	SUMMER BIDCO BV-REG-S 9.00000% 19-15.11.25 | 8 129 000.00 | 8 716 152.91 | 0.48 |
| EUR	SUMMER BIDCO BV-REG-S (PIK) STEP-DOWN 20-15.11.25 | 7 375 000.00 | 7 730 255.22 | 0.43 |
| EUR	TEREOS FINANCE GROUPE I SA-REG-S 4.12500% 16-16.06.23 | 2 500 000.00 | 2 540 110.00 | 0.14 |
| EUR	TEREOS FINANCE GROUPE I SA-REG-S 7.50000% 20-30.10.25 | 3 000 000.00 | 3 220 230.00 | 0.18 |
| EUR	TRIVIUM PACKAGING FINANCE BV-REG-S 3.75000% 19-15.08.26 | 15 044 000.00 | 15 390 012.00 | 0.85 |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Semi-Annual Report as of 30 September 2021
|  | Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| EUR | UNITED GROUP BV-REG-S 3.12500% 20-15.02.26 | 6 575 000.00 | 6 358 025.00 | 0.35 |
| EUR | UPC HOLDING BV-REG-S 3.87500% 17-15.06.29 | 1 300 000.00 | 1 334 346.00 | 0.07 |
| EUR | VERTICAL MIDCO GMBH-REG-S 4.37500% 20-15.07.27 | 3 580 000.00 | 3 736 660.80 | 0.21 |
| EUR | VIVION INVESTMENTS SARL-REG-S 3.00000% 19-08.08.24 | 4 100 000.00 | 3 990 940.00 | 0.22 |
| Total EUR |  |  | 410 099 486.57 | 22.64 |
| GBP |  |  |  |  |
| GBP | ARQIVA BROADCAST FINANCE PLC-REG-S 6.75000% 18-30.09.23 | 5 810 000.00 | 6 895 574.31 | 0.38 |
| GBP | BRACKEN MIDCO1 PLC-REG-S (PIK) 8.87500% 18-15.10.23 | 10 777 897.00 | 12 811 990.71 | 0.71 |
| GBP | CIDRON AIDA FINCO SARL-REG-S 6.25000% 21-01.04.28 | 1 505 000.00 | 1 769 425.36 | 0.10 |
| GBP | DEUCE FINCO PLC-REG-S 5.50000% 21-15.06.27 | 3 820 000.00 | 4 494 570.33 | 0.25 |
| GBP | GALAXY BIDCO LTD-REG-S 6.50000% 19-31.07.26 | 3 670 000.00 | 4 462 493.97 | 0.25 |
| GBP | GALAXY FINCO LTD-REG-S 9.25000% 19-31.07.27 | 7 510 000.00 | 9 196 021.57 | 0.51 |
| GBP | GARFUNKELUX HOLDCO 3 SA-REG-S 7.75000% 20-01.11.25 | 1 685 000.00 | 2 047 762.33 | 0.11 |
| GBP | JERROLD FINCO PLC-REG-S 4.87500% 20-15.01.26 | 4 180 000.00 | 4 990 768.11 | 0.28 |
| GBP | JERROLD FINCO PLC-REG-S 5.25000% 21-15.01.27 | 8 825 000.00 | 10 656 342.38 | 0.59 |
| GBP | MILLER HOMES GROUP HOLDINGS PLC-REG-S 5.50000% 17-15.10.24 | 14 205 000.00 | 16 737 955.10 | 0.92 |
| GBP | PREMIER FOODS FINANCE PLC-REG-S 3.50000% 21-15.10.26 | 4 700 000.00 | 5 502 311.12 | 0.30 |
| GBP | PUNCH FINANCE PLC-REG-S 6.12500% 21-30.06.26 | 5 380 000.00 | 6 401 351.22 | 0.35 |
| GBP | STONEGATE PUB CO FIN2019 PLC-REG-S 8.25000% 20-31.07.25 | 4 740 000.00 | 5 795 874.83 | 0.32 |
| GBP | VERY GROUP FUNDING PLC/THE-REG-S 6.50000% 21-01.08.26 | 15 635 000.00 | 18 437 698.61 | 1.02 |
| GBP | VIRGIN MEDIA VENDOR FINANCING-REG-S 4.87500% 20-15.07.28 | 3 425 000.00 | 4 057 607.12 | 0.22 |
| Total GBP |  |  | 114 257 747.07 | 6.31 |
| Total Bonds, fixed rate |  | 524 357 233.64 | 28.95 |
| Bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	ABANCA CORP BANCARIA SA-REG-S-SUB 6.125%/VAR 19-18.01.29 | 3 200 000.00 | 3 524 000.00 | 0.19 |
| EUR	ACCOR SA-REG-S-SUB 4.375%/VAR 19-PRP | 900 000.00 | 928 591.20 | 0.05 |
| EUR	BANCO BPM SPA-REG-S-SUB 4.250%/VAR 19-01.10.29 | 7 740 000.00 | 8 234 431.20 | 0.46 |
| EUR	BANCO DE SABADELL SA-REG-S-SUB 6.500%/VAR 17-PRP | 5 000 000.00 | 5 124 600.00 | 0.28 |
| EUR	CAIXABANK SA-REG-S-SUB 3.625%/VAR 21-PRP | 5 200 000.00 | 5 054 400.00 | 0.28 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 4.000%/VAR 18-PRP | 1 300 000.00 | 1 387 230.00 | 0.08 |
| EUR	GOLDEN GOOSE SPA-REG-S 3M EURIBOR+487.5BP 21-14.05.27 | 13 045 000.00 | 12 898 243.75 | 0.71 |
| EUR	LIBERTY MUTUAL GROUP INC-REG-S-SUB 3.625%/VAR 19-23.05.59 | 3 460 000.00 | 3 613 970.00 | 0.20 |
| EUR	PLT VII FINANCE SARL-REG-S 3M LIBOR+462.5BP 20-05.01.26 | 2 090 000.00 | 2 097 887.66 | 0.12 |
| EUR	RAIFFEISEN BANK INTL AG-REG-S-SUB 6.125%/VAR 17-PRP | 4 000 000.00 | 4 208 384.00 | 0.23 |
| EUR	REPSOL INTERNATIONAL FINANC-REG-S-SUB 4.500%/VAR 15-25.03.75 | 3 570 000.00 | 3 886 623.30 | 0.21 |
| EUR	ROSSINI SARL-REG-S 3M EURIBOR+387.5BP 19-30.10.25 | 2 100 000.00 | 2 105 250.00 | 0.12 |
| EUR	SISAL PAY SPA-REG-S 3M EURIBOR+387.5BP 19-17.12.26 | 5 815 000.00 | 5 815 000.00 | 0.32 |
| EUR	TELEFONICA EUROPE BV-REG-S-SUB 5.875%/VAR 14-PRP | 2 500 000.00 | 2 771 875.00 | 0.15 |
| EUR	TELEFONICA EUROPE BV-REG-S-SUB 3.000%/VAR 18-PRP | 2 300 000.00 | 2 374 750.00 | 0.13 |
| EUR	TELEFONICA EUROPE BV-REG-S-SUB 3.875%/VAR 18-PRP | 4 100 000.00 | 4 438 250.00 | 0.25 |
| EUR	TELEFONICA EUROPE BV-REG-S-SUB 4.375%/VAR 19-PRP | 8 700 000.00 | 9 429 147.00 | 0.52 |
| EUR	UNICREDIT SPA-REG-S-SUB 6.625%/VAR 17-PRP | 4 140 000.00 | 4 393 575.00 | 0.24 |
| EUR	VERTICAL MIDCO GMBH-REG-S 3M EURIBOR+475BP 20-15.07.27 | 2 980 000.00 | 3 006 647.16 | 0.17 |
| EUR	VODAFONE GROUP PLC-REG-S-SUB 3.100%/VAR 18-03.01.79 | 4 150 000.00 | 4 308 986.50 | 0.24 |
| Total EUR |  | 89 601 841.77 | 4.95 |
| GBP |  |  |  |
| GBP	CYBG PLC-REG-S-SUB 8.750%/VAR 16-PRP | 5 160 000.00 | 6 039 166.28 | 0.33 |
| Total GBP |  | 6 039 166.28 | 0.33 |
| USD |  |  |  |
| USD	CREDIT SUISSE GROUP AG-REG-S-SUB 7.500%/VAR 18-PRP | 5 690 000.00 | 5 253 289.62 | 0.29 |
| Total USD |  | 5 253 289.62 | 0.29 |
| Total Bonds, floating rate |  | 100 894 297.67 | 5.57 |
| Convertible bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	BANK OF IRELAND GROUP PLC-REG-S-SUB COCO 7.500%/VAR 20-PRP | 3 980 000.00 | 4 672 918.00 | 0.26 |
| EUR	CAIXABANK SA-REG-S-SUB 6.375%/VAR 18-PRP | 3 400 000.00 | 3 670 334.00 | 0.20 |
| Total EUR |  | 8 343 252.00 | 0.46 |
| Total Convertible bonds, floating rate |  | 8 343 252.00 | 0.46 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 1 610 304 914.13 | 88.91 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICAN AIRLINES GROUP INC-144A 5.00000% 19-01.06.22 | 1 910 000.00 | 1 650 103.54 | 0.09 |
| USD	AMERICAN AIRLINES GROUP INC-144A 3.75000% 20-01.03.25 | 5 920 000.00 | 4 602 883.64 | 0.26 |
| USD	CINEMARK USA INC-144A 5.25000% 21-15.07.28 | 1 960 000.00 | 1 665 818.19 | 0.09 |
| USD	DKT FINANCE APS-144A 9.37500% 18-17.06.23 | 3 340 000.00 | 2 932 352.56 | 0.16 |
| Total USD |  | 10 851 157.93 | 0.60 |
| Total Notes, fixed rate |  | 10 851 157.93 | 0.60 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	PANTHER BF AGGR 2/PANTHER FIN CO-REG-S 4.37500% 19-15.05.26 | 4 160 000.00 | 4 300 458.24 | 0.24 |
| Total EUR |  | 4 300 458.24 | 0.24 |
| Total Bonds, fixed rate |  | 4 300 458.24 | 0.24 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 15 151 616.17 | 0.84 |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Semi-Annual Report as of 30 September 2021
| Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Recently issued transferable securities and money market instruments Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	CINEMARK USA INC-144A 5.87500% 21-15.03.26 | 1 960 000.00 | 1 708 097.84 | 0.09 |
| USD	COINBASE GLOBAL INC-144A 3.62500% 21-01.10.31 | 900 000.00 | 738 222.10 | 0.04 |
| USD	SEASPAN CORP-144A 5.50000% 21-01.08.29 | 4 050 000.00 | 3 565 202.12 | 0.20 |
| Total USD |  | 6 011 522.06 | 0.33 |
| Total Notes, fixed rate	6 011 522.06 | 0.33 |
| Total Recently issued transferable securities and money market instruments	6 011 522.06 | 0.33 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 Investment funds, open end |  |
| Ireland |  |
| EUR	UBS (IRL) SELECT MONEY MARKET FUND-EUR-S-DIST	6 213.04	61 191 544.95 | 3.38 |
| Total Ireland	61 191 544.95 | 3.38 |
| Luxembourg |  |
| USD	UBS (LUX) BOND SICAV - ASIAN HIGH YIELD U-X-ACC	1 659.00	16 780 456.84 | 0.93 |
| Total Luxembourg	16 780 456.84 | 0.93 |
| Total Investment funds, open end	77 972 001.79 | 4.31 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010	77 972 001.79 | 4.31 |
| Total investments in securities	1 709 440 054.15 | 94.39 |


## Derivative instruments
Derivative instruments not listed on an official stock exchange and not traded on another regulated market
Credit default swaps*
| EUR | ICE/ITRX.EUROPE.34-V1 CDI PAYER 1.00000% 20-20.12.30 | -105 200 000.00 | -2 056 508.05 | -0.11 |
| --- | --- | --- | --- | --- |
| EUR | JPMORGAN/TKAGR CREDIT DEFAULT SWAP PAY 1.00000% 20-20.12.25 | -10 000 000.00 | 388 813.00 | 0.02 |
| EUR | ICE/MARKIT ITRX EUR CDI PAY 5.00000% 20-20.12.25 | -9 866 600.00 | -1 206 266.84 | -0.07 |
| EUR | ICE/ITRX.EUROPE.34-V1 CDI REC 1.00000% 20-20.12.25 | 200 000 000.00 | 5 323 711.12 | 0.29 |
| EUR | JPMORGAN/TKAGR CREDIT DEFAULT SWAP REC 1.00000% 20-20.12.22 | 23 000 000.00 | 7 394.50 | 0.00 |
| EUR | JPMORGAN/VMED CREDIT DEFAULT SWAP REC 5.00000% 21-20.06.26 | 10 000 000.00 | 1 203 587.24 | 0.07 |
| Total Credit default swaps | 3 660 730.97 | 0.20 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market | 3 660 730.97 | 0.20 |
| Total Derivative instruments | 3 660 730.97 | 0.20 |
| Forward Foreign Exchange contracts |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |

| ZAR | 16 774 300.00 | EUR | 938 185.52 | 5.10.2021 | 23 842.04 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 13 228.40 | ZAR | 231 100.00 | 5.10.2021 | -25.48 | 0.00 |
| ZAR | 324 100.00 | EUR | 18 936.35 | 5.10.2021 | -348.80 | 0.00 |
| CNH | 106 448 800.00 | EUR | 13 979 949.65 | 22.10.2021 | 222 710.86 | 0.01 |
| JPY | 3 732 769 600.00 | EUR | 28 827 498.67 | 22.10.2021 | 32 116.33 | 0.00 |
| HKD | 142 701 100.00 | EUR | 15 642 722.96 | 22.10.2021 | 169 080.51 | 0.01 |
| CNH | 1 848 900.00 | EUR | 242 334.24 | 22.10.2021 | 4 350.54 | 0.00 |
| AUD | 79 355 100.00 | EUR | 49 204 744.93 | 22.10.2021 | 240 621.06 | 0.01 |
| CAD | 30 019 600.00 | EUR | 20 045 274.08 | 22.10.2021 | 392 389.39 | 0.02 |
| CHF | 33 009 700.00 | EUR | 30 392 092.86 | 22.10.2021 | 144 119.88 | 0.01 |
| EUR | 167 864 424.39 | GBP | 144 010 000.00 | 22.10.2021 | 380 930.94 | 0.02 |
| SGD | 64 638 300.00 | EUR | 40 766 035.65 | 22.10.2021 | 298 355.57 | 0.02 |
| GBP | 19 886 800.00 | EUR | 23 180 933.51 | 22.10.2021 | -52 603.97 | 0.00 |
| EUR | 125 643 594.38 | USD | 147 490 000.00 | 22.10.2021 | -1 568 322.87 | -0.09 |
| USD | 520 882 700.00 | EUR | 443 728 894.70 | 22.10.2021 | 5 538 763.66 | 0.31 |
| JPY | 40 906 900.00 | EUR | 319 074.84 | 22.10.2021 | -2 806.36 | 0.00 |
| EUR | 507 774.04 | SGD | 805 700.00 | 22.10.2021 | -4 083.17 | 0.00 |
| USD | 5 890 400.00 | EUR | 5 021 837.97 | 27.10.2021 | 58 214.96 | 0.00 |
| EUR | 11 302.60 | ZAR | 199 100.00 | 5.10.2021 | -116.04 | 0.00 |
| JPY | 58 917 700.00 | EUR | 453 074.68 | 22.10.2021 | 2 442.89 | 0.00 |
| ZAR | 16 668 200.00 | EUR | 951 774.02 | 5.10.2021 | 4 168.57 | 0.00 |
| EUR | 951 774.02 | ZAR | 16 668 200.00 | 5.10.2021 | -4 168.57 | 0.00 |
| JPY | 47 137 400.00 | EUR | 365 363.83 | 22.10.2021 | -924.72 | 0.00 |
| Total Forward Foreign Exchange contracts | 5 878 707.22 | 0.32 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 60 420 026.57 | 3.34 |
| Bank overdraft and other short-term liabilities | -2 466 040.64 | -0.14 |
| Other assets and liabilities | 34 169 782.27 | 1.89 |
| Total net assets | 1 811 103 260.54 | 100.00 |
| * Positive nominal: the subfund is “Receiver”, negative nominal: the subfund is “Payer”. |  |  |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Semi-Annual Report as of 30 September 2021

Translation (ENFR, 2021-09-30):
# UBS (Lux) Bond Fund – Euro High Yield (EUR)
| Données principales |  |
| --- | --- |
|  | ISIN | 30.9.2021 | 31.3.2021 | 31.3.2020 |
| Actif net en EUR |  | 1 811 103 260.54 | 1 730 167 720.42 | 1 597 048 818.93 |
| Catégorie F-acc | LU0415181469 |  |  |  |
| Parts en circulation |  | 9 989.0000 | 9 989.0000 | 23 624.0240 |
| Valeur nette d’inventaire par part en EUR |  | 241.27 | 236.56 | 192.52 |
| Prix d’émission et de rachat par part en EUR 1 |  | 241.27 | 236.56 | 193.81 |
| Catégorie (USD hedged) F-acc | LU1611257251 |  |  |  |
| Parts en circulation |  | 704 360.5400 | 692 811.5400 | 872 631.5400 |
| Valeur nette d’inventaire par part en USD |  | 126.88 | 123.99 | 99.56 |
| Prix d’émission et de rachat par part en USD 1 |  | 126.88 | 123.99 | 100.23 |
| Catégorie I-A1-acc | LU0415181899 |  |  |  |
| Parts en circulation |  | 1 510 765.3060 | 1 317 602.6460 | 774 667.0840 |
| Valeur nette d’inventaire par part en EUR |  | 160.08 | 157.04 | 127.93 |
| Prix d’émission et de rachat par part en EUR 1 |  | 160.08 | 157.04 | 128.79 |
| Catégorie I-A2-acc | LU1368322555 |  |  |  |
| Parts en circulation |  | 4 995.0000 | 4 995.0000 | 77 532.4260 |
| Valeur nette d’inventaire par part en EUR |  | 130.33 | 127.82 | 104.09 |
| Prix d’émission et de rachat par part en EUR 1 |  | 130.33 | 127.82 | 104.79 |
| Catégorie (USD hedged) I-A2-acc | LU1545724228 |  |  |  |
| Parts en circulation |  | 279 204.9120 | 353 467.3370 | 199 147.3320 |
| Valeur nette d’inventaire par part en USD |  | 107.41 | 104.99 | 84.36 |
| Prix d’émission et de rachat par part en USD 1 |  | 107.41 | 104.99 | 84.93 |
| Catégorie I-A3-acc 2 | LU2094083099 |  |  |  |
| Parts en circulation |  | - | - | 343 717.0000 |
| Valeur nette d’inventaire par part en EUR |  | - | - | 84.66 |
| Prix d’émission et de rachat par part en EUR 1 |  | - | - | 85.23 |
| Catégorie I-B-acc | LU0415182517 |  |  |  |
| Parts en circulation |  | 2 529.2660 | 20 397.7770 | 19 238.6660 |
| Valeur nette d’inventaire par part en EUR |  | 240.40 | 235.14 | 190.48 |
| Prix d’émission et de rachat par part en EUR 1 |  | 240.40 | 235.14 | 191.76 |
| Catégorie (USD hedged) I-B-acc | LU2107562485 |  |  |  |
| Parts en circulation |  | 229 884.0000 | 233 111.0000 | 169 944.0000 |
| Valeur nette d’inventaire par part en EUR |  | 110.15 | 107.37 | 85.81 |
| Prix d’émission et de rachat par part en EUR 1 |  | 110.15 | 107.37 | 86.38 |
| Catégorie I-X-acc | LU0415182780 |  |  |  |
| Parts en circulation |  | 1 547 184.8630 | 1 497 519.5970 | 1 800 513.3610 |
| Valeur nette d’inventaire par part en EUR |  | 143.89 | 140.71 | 113.93 |
| Prix d’émission et de rachat par part en EUR 1 |  | 143.89 | 140.71 | 114.69 |
| Catégorie (CHF hedged) I-X-acc | LU0654646750 |  |  |  |
| Parts en circulation |  | 94 746.8100 | 87 933.4350 | 155 748.3380 |
| Valeur nette d’inventaire par part en CHF |  | 130.09 | 127.38 | 103.29 |
| Prix d’émission et de rachat par part en CHF 1 |  | 130.09 | 127.38 | 103.98 |
| Catégorie K-1-acc | LU0415180909 |  |  |  |
| Parts en circulation |  | 2.1000 | 2.2000 | 5.0000 |
| Valeur nette d’inventaire par part en EUR |  | 6 264 699.54 | 6 149 191.19 | 5 015 375.86 |
| Prix d’émission et de rachat par part en EUR 1 |  | 6 264 699.54 | 6 149 191.19 | 5 048 978.88 |
| Catégorie (USD hedged) K-1-acc 3 | LU1004765761 |  |  |  |
| Parts en circulation |  | - | 0.9000 | 0.9000 |
| Valeur nette d’inventaire par part en USD |  | - | 7 425 648.27 | 5 976 032.56 |
| Prix d’émission et de rachat par part en USD 1 |  | - | 7 425 648.27 | 6 016 071.98 |
| Catégorie (USD hedged) K-1-mdist | LU1329801796 |  |  |  |
| Parts en circulation |  | 2.9000 | 2.9000 | 12.8000 |
| Valeur nette d’inventaire par part en USD |  | 5 068 175.27 | 5 093 464.38 | 4 351 515.30 |
| Prix d’émission et de rachat par part en USD 1 |  | 5 068 175.27 | 5 093 464.38 | 4 380 670.45 |
| Catégorie K-B-mdist 4 | LU2208382932 |  |  |  |
| Parts en circulation |  | 113 650.0370 | 113 650.0370 | - |
| Valeur nette d’inventaire par part en EUR |  | 104.58 | 104.65 | - |
| Prix d’émission et de rachat par part en EUR 1 |  | 104.58 | 104.65 | - |
| Catégorie K-X-mdist 5 | LU1957417600 |  |  |  |
| Parts en circulation | -	- | 140 815.6970 |
| Valeur nette d’inventaire par part en EUR | -	- | 86.01 |
| Prix d’émission et de rachat par part en EUR 1 | -	- | 86.59 |
| 1  Voir note 1 2  La catégorie de parts I-A3-acc était en circulation pour la période allant du 23.12.2019 au 29.6.2020 3  La catégorie de parts (USD hedged) K-1-acc était en circulation jusqu’au 18.5.2021 4  Première VNI 7.8.2020 5  La catégorie de parts K-X-mdist était en circulation jusqu’au 12.8.2020 |  |  |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Rapport semestriel au 30 septembre 2021
|  | ISIN | 30.9.2021 | 31.3.2021 | 31.3.2020 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Catégorie N-dist | LU0415180495 |  |  |  |
| Parts en circulation |  | 40 215.8990 | 42 986.6410 | 49 522.9600 |
| Valeur nette d’inventaire par part en EUR |  | 103.77 | 104.92 | 89.26 |
| Prix d’émission et de rachat par part en EUR 1 |  | 103.77 | 104.92 | 89.86 |
| Catégorie P-6%-mdist | LU1076698254 |  |  |  |
| Parts en circulation |  | 355 684.6820 | 322 863.8610 | 346 875.1480 |
| Valeur nette d’inventaire par part en EUR |  | 81.38 | 82.51 | 71.78 |
| Prix d’émission et de rachat par part en EUR 1 |  | 81.38 | 82.51 | 72.26 |
| Catégorie P-acc | LU0086177085 |  |  |  |
| Parts en circulation |  | 893 933.2630 | 942 986.0270 | 1 089 353.0640 |
| Valeur nette d’inventaire par part en EUR |  | 226.27 | 222.72 | 182.68 |
| Prix d’émission et de rachat par part en EUR 1 |  | 226.27 | 222.72 | 183.90 |
| Catégorie (CHF hedged) P-acc | LU0776290842 |  |  |  |
| Parts en circulation |  | 66 517.6530 | 65 129.2880 | 75 394.0920 |
| Valeur nette d’inventaire par part en CHF |  | 162.76 | 160.45 | 131.88 |
| Prix d’émission et de rachat par part en CHF 1 |  | 162.76 | 160.45 | 132.76 |
| Catégorie (USD hedged) P-acc | LU0994471687 |  |  |  |
| Parts en circulation |  | 355 695.5630 | 360 809.2340 | 345 389.5480 |
| Valeur nette d’inventaire par part en USD |  | 148.00 | 145.21 | 117.54 |
| Prix d’émission et de rachat par part en USD 1 |  | 148.00 | 145.21 | 118.33 |
| Catégorie P-dist | LU0085995990 |  |  |  |
| Parts en circulation |  | 1 572 913.5230 | 1 596 256.7560 | 1 744 477.4390 |
| Valeur nette d’inventaire par part en EUR |  | 48.92 | 49.45 | 42.36 |
| Prix d’émission et de rachat par part en EUR 1 |  | 48.92 | 49.45 | 42.64 |
| Catégorie P-mdist | LU0417441200 |  |  |  |
| Parts en circulation |  | 952 773.0260 | 942 819.8360 | 1 081 839.6340 |
| Valeur nette d’inventaire par part en EUR |  | 128.41 | 129.33 | 111.15 |
| Prix d’émission et de rachat par part en EUR 1 |  | 128.41 | 129.33 | 111.89 |
| Catégorie (AUD hedged) P-mdist | LU0945635778 |  |  |  |
| Parts en circulation |  | 899 375.5590 | 982 185.3240 | 1 174 980.1450 |
| Valeur nette d’inventaire par part en AUD |  | 89.47 | 90.11 | 78.31 |
| Prix d’émission et de rachat par part en AUD 1 |  | 89.47 | 90.11 | 78.83 |
| Catégorie (CAD hedged) P-mdist | LU0945635851 |  |  |  |
| Parts en circulation |  | 334 189.4460 | 333 416.8320 | 374 996.7670 |
| Valeur nette d’inventaire par part en CAD |  | 91.50 | 92.20 | 79.90 |
| Prix d’émission et de rachat par part en CAD 1 |  | 91.50 | 92.20 | 80.44 |
| Catégorie (GBP hedged) P-mdist | LU0997192736 |  |  |  |
| Parts en circulation |  | 226 420.1230 | 224 309.5920 | 234 658.5220 |
| Valeur nette d’inventaire par part en GBP |  | 88.15 | 88.79 | 76.63 |
| Prix d’émission et de rachat par part en GBP 1 |  | 88.15 | 88.79 | 77.14 |
| Catégorie (HKD hedged) P-mdist | LU0973218331 |  |  |  |
| Parts en circulation |  | 161 603.9020 | 171 129.9550 | 196 579.4100 |
| Valeur nette d’inventaire par part en HKD |  | 894.59 | 902.14 | 776.49 |
| Prix d’émission et de rachat par part en HKD 1 |  | 894.59 | 902.14 | 781.69 |
| Catégorie (JPY hedged) P-mdist | LU1545771492 |  |  |  |
| Parts en circulation |  | 423 458.6280 | 228 556.6570 | 215 697.5790 |
| Valeur nette d’inventaire par part en JPY |  | 9 348 | 9 421 | 8 076 |
| Prix d’émission et de rachat par part en JPY 1 |  | 9 348 | 9 421 | 8 130 |
| Catégorie (RMB hedged) P-mdist | LU0968750884 |  |  |  |
| Parts en circulation |  | 104 926.8890 | 106 400.4590 | 124 380.3530 |
| Valeur nette d’inventaire par part en CNH |  | 1 039.51 | 1 049.03 | 894.33 |
| Prix d’émission et de rachat par part en CNH 1 |  | 1 039.51 | 1 049.03 | 900.32 |
| Catégorie (SGD hedged) P-mdist | LU0989134753 |  |  |  |
| Parts en circulation |  | 716 363.5960 | 762 615.4100 | 889 706.1240 |
| Valeur nette d’inventaire par part en SGD |  | 91.51 | 92.28 | 79.70 |
| Prix d’émission et de rachat par part en SGD 1 |  | 91.51 | 92.28 | 80.23 |
| Catégorie (USD hedged) P-mdist | LU0937166394 |  |  |  |
| Parts en circulation |  | 2 714 937.0440 | 2 960 617.9170 | 3 282 339.2430 |
| Valeur nette d’inventaire par part en USD |  | 91.57 | 92.28 | 79.39 |
| Prix d’émission et de rachat par part en USD 1 |  | 91.57 | 92.28 | 79.92 |
| Catégorie (ZAR hedged) P-mdist 6 | LU2186299629 |  |  |  |
| Parts en circulation |  | 16 255.2610 | 16 246.6490 | - |
| Valeur nette d’inventaire par part en ZAR |  | 1 037.78 | 1 041.50 | - |
| Prix d’émission et de rachat par part en ZAR 1 |  | 1 037.78 | 1 041.50 | - |
| Catégorie Q-6%-mdist | LU1240770286 |  |  |  |
| Parts en circulation |  | 24 238.7510 | 24 335.4220 | 26 223.6450 |
| Valeur nette d’inventaire par part en EUR |  | 91.92 | 92.96 | 80.42 |
| Prix d’émission et de rachat par part en EUR 1 |  | 91.92 | 92.96 | 80.96 |
| Catégorie (USD hedged) Q-6%-mdist | LU1317082110 |  |  |  |
| Parts en circulation |  | 650.0000 | 1 300.0000 | 1 300.0000 |
| Valeur nette d’inventaire par part en USD |  | 101.19 | 102.01 | 87.08 |
| Prix d’émission et de rachat par part en USD 1 |  | 101.19 | 102.01 | 87.66 |
| Catégorie Q-acc | LU0358408267 |  |  |  |
| Parts en circulation |  | 782 408.9400 | 546 327.1090 | 484 596.7610 |
| Valeur nette d’inventaire par part en EUR |  | 209.70 | 205.85 | 167.94 |
| Prix d’émission et de rachat par part en EUR 1 |  | 209.70 | 205.85 | 169.07 |
| 1  Voir note 1 6  Première VNI 22.9.2020 |  |  |  |  |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Rapport semestriel au 30 septembre 2021
|  | ISIN | 30.9.2021 | 31.3.2021 | 31.3.2020 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Catégorie (CHF hedged) Q-acc | LU1240769437 |  |  |  |
| Parts en circulation |  | 85 234.6080 | 82 935.6170 | 129 720.9530 |
| Valeur nette d’inventaire par part en CHF |  | 125.17 | 123.07 | 100.60 |
| Prix d’émission et de rachat par part en CHF 1 |  | 125.17 | 123.07 | 101.27 |
| Catégorie (USD hedged) Q-acc | LU1240770013 |  |  |  |
| Parts en circulation |  | 69 062.3060 | 64 281.8390 | 69 022.9380 |
| Valeur nette d’inventaire par part en USD |  | 143.37 | 140.29 | 112.95 |
| Prix d’émission et de rachat par part en USD 1 |  | 143.37 | 140.29 | 113.71 |
| Catégorie Q-dist | LU0415181543 |  |  |  |
| Parts en circulation |  | 101 890.6250 | 89 832.5710 | 82 397.7910 |
| Valeur nette d’inventaire par part en EUR |  | 103.83 | 105.16 | 89.18 |
| Prix d’émission et de rachat par part en EUR 1 |  | 103.83 | 105.16 | 89.78 |
| Catégorie Q-mdist | LU1240770369 |  |  |  |
| Parts en circulation |  | 47 518.3080 | 44 128.9890 | 54 338.0730 |
| Valeur nette d’inventaire par part en EUR |  | 97.43 | 97.84 | 83.64 |
| Prix d’émission et de rachat par part en EUR 1 |  | 97.43 | 97.84 | 84.20 |
| Catégorie (GBP hedged) Q-mdist | LU1240769510 |  |  |  |
| Parts en circulation |  | 3 990.7660 | 2 253.4420 | 2 253.4420 |
| Valeur nette d’inventaire par part en GBP |  | 97.23 | 97.67 | 83.85 |
| Prix d’émission et de rachat par part en GBP 1 |  | 97.23 | 97.67 | 84.41 |
| Catégorie (USD hedged) Q-mdist | LU1240770104 |  |  |  |
| Parts en circulation |  | 276 874.3450 | 230 159.6960 | 255 475.0940 |
| Valeur nette d’inventaire par part en USD |  | 100.39 | 100.90 | 86.33 |
| Prix d’émission et de rachat par part en USD 1 |  | 100.39 | 100.90 | 86.91 |
| Catégorie (USD hedged) U-X-acc 7 | LU2272237822 |  |  |  |
| Parts en circulation |  | 3 619.0000 | 3 049.0000 | - |
| Valeur nette d’inventaire par part en USD |  | 10 277.55 | 10 015.63 | - |
| Prix d’émission et de rachat par part en USD 1 |  | 10 277.55 | 10 015.63 | - |
| Catégorie U-X-UKdist-mdist | LU1839734958 |  |  |  |
| Parts en circulation |  | 969.0000 | 981.0000 | 815.0000 |
| Valeur nette d’inventaire par part en EUR |  | 10 143.01 | 10 119.08 | 8 541.20 |
| Prix d’émission et de rachat par part en EUR 1 |  | 10 143.01 | 10 119.08 | 8 598.43 |
| 1  Voir note 1 7  Première VNI 27.1.2021 |  |  |  |  |
| Structure du portefeuille-titres |  |  |  |  |

Répartition géographique en % de l’actif net	
Luxembourg	13.35
Grande-Bretagne	12.43
France	11.38
Etats-Unis	10.15
Allemagne	10.02
Italie	9.63
Pays-Bas	9.03
Irlande	4.38
Danemark	2.29
Espagne	2.24
Suède	2.00
Mexique	1.21
Japon	0.91
Jersey	0.77
Panama	0.75
Grèce	0.58
Belgique	0.51
République tchèque	0.48
Norvège	0.43
Bulgarie	0.36
Finlande	0.29
Suisse	0.29
Singapour	0.25
Portugal	0.23
Autriche	0.23
Iles Marshall	0.20
Total	94.39
Répartition économique en % de l’actif net	
Etablissements financiers et sociétés de participation	39.15
Banques & instituts de crédit	7.99
Télécommunications	6.59
Trafic et transport	5.16
Fonds de placement	4.51
Services divers	3.55
Pétrole	3.47
Internet, logiciels et services informatiques	3.42
Véhicules	2.90
Soins de santé & services sociaux	2.37
Restauration et loisirs	2.17
Produits pharmaceutiques, cosmétiques & médicaux	2.08
Distribution d’énergie & d’eau	1.79
Immobilier	1.35
Commerce de détail, centres commerciaux	0.88
Industrie de conditionnement	0.83
Machines et appareils	0.78
Alimentation & softs	0.76
Textiles, habillement & maroquinerie	0.71
Assurances	0.63
Industrie aéronautique et spatiale	0.52
Diverses sociétés commerciales	0.52
Diverses sociétés non classées	0.49
Industrie minière, charbon et acier	0.43
Chimie	0.36
Agriculture et pêche	0.32
Biens de consommation divers	0.31
Appareils et composants électriques	0.21
Bâtiment et matériaux de construction	0.14
Total	94.39
UBS (Lux) Bond Fund – Euro High Yield (EUR) Rapport semestriel au 30 septembre 2021

## Etat des actifs nets
Actif	30.9.2021
EUR
Portefeuille-titres, cours d’achat	1 674 452 046.56
| Portefeuille-titres, plus- (moins-) value non-réalisée | 	34 988 007.59	 |
| --- | --- |
| Total portefeuille-titres (note 1) | 1 709 440 054.15 |
| Avoirs en banque, dépôts à vue et à terme | 60 420 026.57 |
| A recevoir sur ventes de titres (note 1) | 14 262 326.51 |
| A recevoir sur souscriptions | 8 200 732.63 |
| Intérêts à recevoir sur titres | 23 899 167.42 |
| Intérêts à recevoir sur liquidités | 7 300.55 |
| Bénéfice non réalisé sur contrats de change à terme (note 1) | 5 878 707.22 |
| Bénéfice non réalisé sur swaps (note 1) | 3 660 730.97 |
| Total Actif | 1 825 769 046.02 |
|  |  |
| Passif |  |
| Crédit en compte courant | -2 197 182.30 |
| Autres engagements à court terme (marges) | -268 858.34 |
| Intérêts à payer sur crédit en compte courant | -44 129.74 |
| A payer sur achats de titres (note 1) | -7 587 431.12 |
| A payer sur rachats | -3 448 811.13 |
| Provisions pour commission de gestion forfaitaire (note 2) | -640 153.61 |
| Provisions pour taxe d’abonnement (note 3) | -160 835.74 |
| Provisions pour autres commissions et frais (note 2) | 	-318 383.50	 |
| Total des Provisions pour frais | -1 119 372.85 |
| Total Passif | -14 665 785.48 |
|  |  |
| Actifs nets à la fin de la période | 1 811 103 260.54 |
| Etat des opérations | EUR |
| Revenus | 1.4.2021-30.9.2021 |
| Revenus d’intérêts sur liquidités | 11 818.50 |
| Intérêts sur titres | 38 577 326.36 |
| Revenus d’intérêts sur swaps (note 1) | 1 520 571.08 |
| Revenus nets sur prêts de titres | 453 412.00 |
| Total des Revenus | 40 563 127.94 |
|  |  |
| Charges |  |
| Charges d’intérêts sur swaps (note 1) | -819 509.01 |
| Commission de gestion forfaitaire (note 2) | -7 736 619.89 |
| Taxe d’abonnement (note 3) | -319 326.07 |
| Autres commissions et frais (note 2) | -176 731.75 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -148 989.73 |
| Autres charges | -247 755.45 |
| Total des Charges | -9 448 931.90 |
|  |  |
| Revenus (Pertes) net(te)s des investissements | 31 114 196.04 |
|  |  |
| Bénéfices (pertes) réalisé(e)s (note 1) |  |
| Bénéfice (perte) réalisé(e) sur titres évalués à la valeur de marché hors options | 18 766 576.11 |
| Bénéfice (perte) réalisé(e) sur contrats de change à terme | 10 532 241.52 |
| Bénéfice (perte) réalisé(e) sur swaps | -35 488.27 |
| Bénéfice (perte) réalisé(e) de change réalisé(e) | -4 099 496.32 |
| Total des Bénéfices (pertes) réalisé(e)s | 25 163 833.04 |
|  |  |
| Bénéfice (perte) net(te) réalisé(e) au cours de la période | 56 278 029.08 |
|  |  |
| Variations des plus- (moins-) values non-réalisées (note 1) |  |
| Plus- (Moins-) value non réalisée sur titres évalués à la valeur de marché hors options | -16 579 552.57 |
| Plus- (Moins-) value non réalisée sur contrats de change à terme | -94 457.85 |
| Plus- (Moins-) value non réalisée sur swaps | -742 545.81 |
| Total des Variations des plus- (moins-) values non-réalisées | -17 416 556.23 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 38 861 472.85 |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Rapport semestriel au 30 septembre 2021
| Variations de l’actif net |  |
| --- | --- |
|  | EUR |
|  | 1.4.2021-30.9.2021 |
| Actif net au début de la période | 1 730 167 720.42 |
| Souscriptions | 273 115 013.20 |
| Rachats | 	-212 058 947.34	 |
| Souscriptions (Rachats) net(te)s | 61 056 065.86 |
| Dividendes versés | -18 981 998.59 |
| Revenus (Pertes) net(te)s des investissements | 31 114 196.04 |
| Total des Bénéfices (pertes) réalisé(e)s | 25 163 833.04 |
| Total des Variations des plus- (moins-) values non-réalisées | 	-17 416 556.23	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 38 861 472.85 |
| Actifs nets à la fin de la période | 1 811 103 260.54 |
| Evolution des parts en circulation |  |
|  | 1.4.2021-30.9.2021 |
| Catégorie | F-acc |
| Nombre de parts en circulation au début de la période | 9 989.0000 |
| Nombre de parts émises | 0.0000 |
| Nombre de parts rachetées | 0.0000 |
| Nombre de parts en circulation à la fin de la période | 9 989.0000 |
| Catégorie | (USD hedged) F-acc |
| Nombre de parts en circulation au début de la période | 692 811.5400 |
| Nombre de parts émises | 21 622.0000 |
| Nombre de parts rachetées | -10 073.0000 |
| Nombre de parts en circulation à la fin de la période | 704 360.5400 |
| Catégorie | I-A1-acc |
| Nombre de parts en circulation au début de la période | 1 317 602.6460 |
| Nombre de parts émises | 412 410.9000 |
| Nombre de parts rachetées | -219 248.2400 |
| Nombre de parts en circulation à la fin de la période | 1 510 765.3060 |
| Catégorie | I-A2-acc |
| Nombre de parts en circulation au début de la période | 4 995.0000 |
| Nombre de parts émises | 0.0000 |
| Nombre de parts rachetées | 0.0000 |
| Nombre de parts en circulation à la fin de la période | 4 995.0000 |
| Catégorie | (USD hedged) I-A2-acc |
| Nombre de parts en circulation au début de la période | 353 467.3370 |
| Nombre de parts émises | 279 204.9120 |
| Nombre de parts rachetées | -353 467.3370 |
| Nombre de parts en circulation à la fin de la période | 279 204.9120 |
| Catégorie | I-B-acc |
| Nombre de parts en circulation au début de la période | 20 397.7770 |
| Nombre de parts émises | 0.0000 |
| Nombre de parts rachetées | -17 868.5110 |
| Nombre de parts en circulation à la fin de la période | 2 529.2660 |
| Catégorie | (USD hedged) I-B-acc |
| Nombre de parts en circulation au début de la période | 233 111.0000 |
| Nombre de parts émises | 34 225.0000 |
| Nombre de parts rachetées | -37 452.0000 |
| Nombre de parts en circulation à la fin de la période | 229 884.0000 |
| Catégorie | I-X-acc |
| Nombre de parts en circulation au début de la période | 1 497 519.5970 |
| Nombre de parts émises | 88 393.4300 |
| Nombre de parts rachetées | -38 728.1640 |
| Nombre de parts en circulation à la fin de la période | 1 547 184.8630 |
| Catégorie | (CHF hedged) I-X-acc |
| Nombre de parts en circulation au début de la période | 87 933.4350 |
| Nombre de parts émises | 6 823.9740 |
| Nombre de parts rachetées | -10.5990 |
| Nombre de parts en circulation à la fin de la période | 94 746.8100 |
| Catégorie | K-1-acc |
| Nombre de parts en circulation au début de la période | 2.2000 |
| Nombre de parts émises | 0.1000 |
| Nombre de parts rachetées | -0.2000 |
| Nombre de parts en circulation à la fin de la période | 2.1000 |
| Catégorie | (USD hedged) K-1-acc |
| Nombre de parts en circulation au début de la période | 0.9000 |
| Nombre de parts émises | 0.0000 |
| Nombre de parts rachetées | -0.9000 |
| Nombre de parts en circulation à la fin de la période | 0.0000 |
| Catégorie | (USD hedged) K-1-mdist |
| Nombre de parts en circulation au début de la période | 2.9000 |
| Nombre de parts émises | 0.0000 |
| Nombre de parts rachetées | 0.0000 |
| Nombre de parts en circulation à la fin de la période | 2.9000 |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Rapport semestriel au 30 septembre 2021
| Catégorie | K-B-mdist |
| --- | --- |
| Nombre de parts en circulation au début de la période | 113 650.0370 |
| Nombre de parts émises | 0.0000 |
| Nombre de parts rachetées | 0.0000 |
| Nombre de parts en circulation à la fin de la période | 113 650.0370 |
| Catégorie | N-dist |
| Nombre de parts en circulation au début de la période | 42 986.6410 |
| Nombre de parts émises | 866.6750 |
| Nombre de parts rachetées | -3 637.4170 |
| Nombre de parts en circulation à la fin de la période | 40 215.8990 |
| Catégorie | P-6%-mdist |
| Nombre de parts en circulation au début de la période | 322 863.8610 |
| Nombre de parts émises | 54 042.9330 |
| Nombre de parts rachetées | -21 222.1120 |
| Nombre de parts en circulation à la fin de la période | 355 684.6820 |
| Catégorie | P-acc |
| Nombre de parts en circulation au début de la période | 942 986.0270 |
| Nombre de parts émises | 47 239.4870 |
| Nombre de parts rachetées | -96 292.2510 |
| Nombre de parts en circulation à la fin de la période | 893 933.2630 |
| Catégorie | (CHF hedged) P-acc |
| Nombre de parts en circulation au début de la période | 65 129.2880 |
| Nombre de parts émises | 4 476.5090 |
| Nombre de parts rachetées | -3 088.1440 |
| Nombre de parts en circulation à la fin de la période | 66 517.6530 |
| Catégorie | (USD hedged) P-acc |
| Nombre de parts en circulation au début de la période | 360 809.2340 |
| Nombre de parts émises | 126 386.9930 |
| Nombre de parts rachetées | -131 500.6640 |
| Nombre de parts en circulation à la fin de la période | 355 695.5630 |
| Catégorie | P-dist |
| Nombre de parts en circulation au début de la période | 1 596 256.7560 |
| Nombre de parts émises | 37 793.9040 |
| Nombre de parts rachetées | -61 137.1370 |
| Nombre de parts en circulation à la fin de la période | 1 572 913.5230 |
| Catégorie | P-mdist |
| Nombre de parts en circulation au début de la période | 942 819.8360 |
| Nombre de parts émises | 89 523.0060 |
| Nombre de parts rachetées | -79 569.8160 |
| Nombre de parts en circulation à la fin de la période | 952 773.0260 |
| Catégorie | (AUD hedged) P-mdist |
| Nombre de parts en circulation au début de la période | 982 185.3240 |
| Nombre de parts émises | 33 853.8820 |
| Nombre de parts rachetées | -116 663.6470 |
| Nombre de parts en circulation à la fin de la période | 899 375.5590 |
| Catégorie | (CAD hedged) P-mdist |
| Nombre de parts en circulation au début de la période | 333 416.8320 |
| Nombre de parts émises | 12 076.4350 |
| Nombre de parts rachetées | -11 303.8210 |
| Nombre de parts en circulation à la fin de la période | 334 189.4460 |
| Catégorie | (GBP hedged) P-mdist |
| Nombre de parts en circulation au début de la période | 224 309.5920 |
| Nombre de parts émises | 15 595.3420 |
| Nombre de parts rachetées | -13 484.8110 |
| Nombre de parts en circulation à la fin de la période | 226 420.1230 |
| Catégorie | (HKD hedged) P-mdist |
| Nombre de parts en circulation au début de la période | 171 129.9550 |
| Nombre de parts émises | 10 359.0430 |
| Nombre de parts rachetées | -19 885.0960 |
| Nombre de parts en circulation à la fin de la période | 161 603.9020 |
| Catégorie | (JPY hedged) P-mdist |
| Nombre de parts en circulation au début de la période | 228 556.6570 |
| Nombre de parts émises | 222 395.6650 |
| Nombre de parts rachetées | -27 493.6940 |
| Nombre de parts en circulation à la fin de la période | 423 458.6280 |
| Catégorie | (RMB hedged) P-mdist |
| Nombre de parts en circulation au début de la période | 106 400.4590 |
| Nombre de parts émises | 479.1610 |
| Nombre de parts rachetées | -1 952.7310 |
| Nombre de parts en circulation à la fin de la période | 104 926.8890 |
| Catégorie | (SGD hedged) P-mdist |
| Nombre de parts en circulation au début de la période | 762 615.4100 |
| Nombre de parts émises | 38 150.6070 |
| Nombre de parts rachetées | -84 402.4210 |
| Nombre de parts en circulation à la fin de la période | 716 363.5960 |
| Catégorie | (USD hedged) P-mdist |
| Nombre de parts en circulation au début de la période | 2 960 617.9170 |
| Nombre de parts émises | 186 346.0750 |
| Nombre de parts rachetées | -432 026.9480 |
| Nombre de parts en circulation à la fin de la période | 2 714 937.0440 |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Rapport semestriel au 30 septembre 2021
| Catégorie | (ZAR hedged) P-mdist |
| --- | --- |
| Nombre de parts en circulation au début de la période | 16 246.6490 |
| Nombre de parts émises | 313.4240 |
| Nombre de parts rachetées | -304.8120 |
| Nombre de parts en circulation à la fin de la période | 16 255.2610 |
| Catégorie | Q-6%-mdist |
| Nombre de parts en circulation au début de la période | 24 335.4220 |
| Nombre de parts émises | 2 689.3210 |
| Nombre de parts rachetées | -2 785.9920 |
| Nombre de parts en circulation à la fin de la période | 24 238.7510 |
| Catégorie | (USD hedged) Q-6%-mdist |
| Nombre de parts en circulation au début de la période | 1 300.0000 |
| Nombre de parts émises | 0.0000 |
| Nombre de parts rachetées | -650.0000 |
| Nombre de parts en circulation à la fin de la période | 650.0000 |
| Catégorie | Q-acc |
| Nombre de parts en circulation au début de la période | 546 327.1090 |
| Nombre de parts émises | 288 115.3440 |
| Nombre de parts rachetées | -52 033.5130 |
| Nombre de parts en circulation à la fin de la période | 782 408.9400 |
| Catégorie | (CHF hedged) Q-acc |
| Nombre de parts en circulation au début de la période | 82 935.6170 |
| Nombre de parts émises | 4 634.9790 |
| Nombre de parts rachetées | -2 335.9880 |
| Nombre de parts en circulation à la fin de la période | 85 234.6080 |
| Catégorie | (USD hedged) Q-acc |
| Nombre de parts en circulation au début de la période | 64 281.8390 |
| Nombre de parts émises | 6 132.3860 |
| Nombre de parts rachetées | -1 351.9190 |
| Nombre de parts en circulation à la fin de la période | 69 062.3060 |
| Catégorie | Q-dist |
| Nombre de parts en circulation au début de la période | 89 832.5710 |
| Nombre de parts émises | 65 004.1220 |
| Nombre de parts rachetées | -52 946.0680 |
| Nombre de parts en circulation à la fin de la période | 101 890.6250 |
| Catégorie | Q-mdist |
| Nombre de parts en circulation au début de la période | 44 128.9890 |
| Nombre de parts émises | 3 573.0470 |
| Nombre de parts rachetées | -183.7280 |
| Nombre de parts en circulation à la fin de la période | 47 518.3080 |
| Catégorie | (GBP hedged) Q-mdist |
| Nombre de parts en circulation au début de la période | 2 253.4420 |
| Nombre de parts émises | 1 737.3240 |
| Nombre de parts rachetées | 0.0000 |
| Nombre de parts en circulation à la fin de la période | 3 990.7660 |
| Catégorie | (USD hedged) Q-mdist |
| Nombre de parts en circulation au début de la période | 230 159.6960 |
| Nombre de parts émises | 49 323.2060 |
| Nombre de parts rachetées | -2 608.5570 |
| Nombre de parts en circulation à la fin de la période | 276 874.3450 |
| Catégorie | (USD hedged) U-X-acc |
| Nombre de parts en circulation au début de la période | 3 049.0000 |
| Nombre de parts émises | 709.0000 |
| Nombre de parts rachetées | -139.0000 |
| Nombre de parts en circulation à la fin de la période | 3 619.0000 |
| Catégorie | U-X-UKdist-mdist |
| Nombre de parts en circulation au début de la période | 981.0000 |
| Nombre de parts émises | 41.0000 |
| Nombre de parts rachetées | -53.0000 |
| Nombre de parts en circulation à la fin de la période | 969.0000 |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Rapport semestriel au 30 septembre 2021
| Distribution annuelle 1 |  |
| --- | --- |
| UBS (Lux) Bond Fund – Euro High Yield (EUR)	Date de | détachement | Date de versement | Devise | Montant par part |
| N-dist | 1.6.2021 | 4.6.2021 | EUR | 2.55 |
| P-dist | 1.6.2021 | 4.6.2021 | EUR | 1.31 |
| Q-dist | 1.6.2021 | 4.6.2021 | EUR | 3.26 |
| Distribution mensuelle 1 |  |  |  |  |
| UBS (Lux) Bond Fund – Euro High Yield (EUR)	Date de | détachement | Date de versement | Devise | Montant par part |
| (USD hedged) K-1-mdist | 15.4.2021 | 20.4.2021 | USD | 23 387.49 |
| (USD hedged) K-1-mdist | 17.5.2021 | 20.5.2021 | USD | 22 842.88 |
| (USD hedged) K-1-mdist | 15.6.2021 | 18.6.2021 | USD | 22 820.01 |
| (USD hedged) K-1-mdist | 15.7.2021 | 20.7.2021 | USD | 22 828.99 |
| (USD hedged) K-1-mdist | 16.8.2021 | 19.8.2021 | USD | 22 785.07 |
| (USD hedged) K-1-mdist | 15.9.2021 | 20.9.2021 | USD | 22 787.39 |
| K-B-mdist | 15.4.2021 | 20.4.2021 | EUR | 0.41 |
| K-B-mdist | 17.5.2021 | 20.5.2021 | EUR | 0.39 |
| K-B-mdist | 15.6.2021 | 18.6.2021 | EUR | 0.39 |
| K-B-mdist | 15.7.2021 | 20.7.2021 | EUR | 0.39 |
| K-B-mdist | 16.8.2021 | 19.8.2021 | EUR | 0.39 |
| K-B-mdist | 15.9.2021 | 20.9.2021 | EUR | 0.39 |
| P-6%-mdist | 12.4.2021 | 15.4.2021 | EUR | 0.41 |
| P-6%-mdist | 10.5.2021 | 13.5.2021 | EUR | 0.41 |
| P-6%-mdist | 10.6.2021 | 15.6.2021 | EUR | 0.41 |
| P-6%-mdist | 12.7.2021 | 15.7.2021 | EUR | 0.41 |
| P-6%-mdist | 10.8.2021 | 13.8.2021 | EUR | 0.40 |
| P-6%-mdist | 10.9.2021 | 15.9.2021 | EUR | 0.40 |
| P-mdist | 15.4.2021 | 20.4.2021 | EUR | 0.51 |
| P-mdist | 17.5.2021 | 20.5.2021 | EUR | 0.49 |
| P-mdist | 15.6.2021 | 18.6.2021 | EUR | 0.49 |
| P-mdist | 15.7.2021 | 20.7.2021 | EUR | 0.49 |
| P-mdist | 16.8.2021 | 19.8.2021 | EUR | 0.49 |
| P-mdist | 15.9.2021 | 20.9.2021 | EUR | 0.49 |
| (AUD hedged) P-mdist | 15.4.2021 | 20.4.2021 | AUD | 0.40 |
| (AUD hedged) P-mdist | 17.5.2021 | 20.5.2021 | AUD | 0.39 |
| (AUD hedged) P-mdist | 15.6.2021 | 18.6.2021 | AUD | 0.39 |
| (AUD hedged) P-mdist | 15.7.2021 | 20.7.2021 | AUD | 0.39 |
| (AUD hedged) P-mdist | 16.8.2021 | 19.8.2021 | AUD | 0.39 |
| (AUD hedged) P-mdist | 15.9.2021 | 20.9.2021 | AUD | 0.39 |
| (CAD hedged) P-mdist | 15.4.2021 | 20.4.2021 | CAD | 0.42 |
| (CAD hedged) P-mdist | 17.5.2021 | 20.5.2021 | CAD | 0.41 |
| (CAD hedged) P-mdist | 15.6.2021 | 18.6.2021 | CAD | 0.40 |
| (CAD hedged) P-mdist | 15.7.2021 | 20.7.2021 | CAD | 0.40 |
| (CAD hedged) P-mdist | 16.8.2021 | 19.8.2021 | CAD | 0.40 |
| (CAD hedged) P-mdist | 15.9.2021 | 20.9.2021 | CAD | 0.40 |
| (GBP hedged) P-mdist | 15.4.2021 | 20.4.2021 | GBP | 0.39 |
| (GBP hedged) P-mdist | 17.5.2021 | 20.5.2021 | GBP | 0.38 |
| (GBP hedged) P-mdist | 15.6.2021 | 18.6.2021 | GBP | 0.38 |
| (GBP hedged) P-mdist | 15.7.2021 | 20.7.2021 | GBP | 0.38 |
| (GBP hedged) P-mdist | 16.8.2021 | 19.8.2021 | GBP | 0.38 |
| (GBP hedged) P-mdist | 15.9.2021 | 20.9.2021 | GBP | 0.38 |
| (HKD hedged) P-mdist | 15.4.2021 | 20.4.2021 | HKD | 4.26 |
| (HKD hedged) P-mdist | 17.5.2021 | 20.5.2021 | HKD | 4.01 |
| (HKD hedged) P-mdist | 15.6.2021 | 18.6.2021 | HKD | 4.01 |
| (HKD hedged) P-mdist | 15.7.2021 | 20.7.2021 | HKD | 4.01 |
| (HKD hedged) P-mdist | 16.8.2021 | 19.8.2021 | HKD | 4.00 |
| (HKD hedged) P-mdist | 15.9.2021 | 20.9.2021 | HKD | 3.99 |
| (JPY hedged) P-mdist | 15.4.2021 | 20.4.2021 | JPY | 40.00 |
| (JPY hedged) P-mdist | 17.5.2021 | 20.5.2021 | JPY | 39.00 |
| (JPY hedged) P-mdist | 15.6.2021 | 18.6.2021 | JPY | 39.00 |
| (JPY hedged) P-mdist | 15.7.2021 | 20.7.2021 | JPY | 39.00 |
| (JPY hedged) P-mdist | 16.8.2021 | 19.8.2021 | JPY | 39.00 |
| (JPY hedged) P-mdist | 15.9.2021 | 21.9.2021 | JPY | 39.00 |
| (RMB hedged) P-mdist | 15.4.2021 | 20.4.2021 | CNH | 7.11 |
| (RMB hedged) P-mdist | 17.5.2021 | 20.5.2021 | CNH | 7.34 |
| (RMB hedged) P-mdist | 15.6.2021 | 18.6.2021 | CNH | 7.32 |
| (RMB hedged) P-mdist | 15.7.2021 | 20.7.2021 | CNH | 7.32 |
| (RMB hedged) P-mdist | 16.8.2021 | 19.8.2021 | CNH | 7.30 |
| (RMB hedged) P-mdist | 15.9.2021 | 21.9.2021 | CNH | 7.29 |
| (SGD hedged) P-mdist | 15.4.2021 | 20.4.2021 | SGD | 0.42 |
| (SGD hedged) P-mdist | 17.5.2021 | 20.5.2021 | SGD | 0.43 |
| (SGD hedged) P-mdist | 15.6.2021 | 18.6.2021 | SGD | 0.43 |
| (SGD hedged) P-mdist | 15.7.2021 | 21.7.2021 | SGD | 0.43 |
| (SGD hedged) P-mdist | 16.8.2021 | 19.8.2021 | SGD | 0.43 |
| (SGD hedged) P-mdist | 15.9.2021 | 20.9.2021 | SGD | 0.43 |
| (USD hedged) P-mdist | 15.4.2021 | 20.4.2021 | USD | 0.42 |
| (USD hedged) P-mdist | 17.5.2021 | 20.5.2021 | USD | 0.41 |
| 1  Voir note 4 |  |  |  |  |
| UBS (Lux) Bond Fund – Euro High Yield (EUR) Rapport semestriel au 30 septembre 2021 |  |  |  |  |

| UBS (Lux) Bond Fund – Euro High Yield (EUR) | Date de détachement | Date de versement | Devise | Montant par part |
| --- | --- | --- | --- | --- |
| (USD hedged) P-mdist | 15.6.2021 | 18.6.2021 | USD | 0.41 |
| (USD hedged) P-mdist | 15.7.2021 | 20.7.2021 | USD | 0.41 |
| (USD hedged) P-mdist | 16.8.2021 | 19.8.2021 | USD | 0.41 |
| (USD hedged) P-mdist | 15.9.2021 | 20.9.2021 | USD | 0.41 |
| (ZAR hedged) P-mdist | 15.4.2021 | 20.4.2021 | ZAR | 7.79 |
| (ZAR hedged) P-mdist | 17.5.2021 | 20.5.2021 | ZAR | 8.21 |
| (ZAR hedged) P-mdist | 15.6.2021 | 18.6.2021 | ZAR | 8.20 |
| (ZAR hedged) P-mdist | 15.7.2021 | 20.7.2021 | ZAR | 8.21 |
| (ZAR hedged) P-mdist | 16.8.2021 | 19.8.2021 | ZAR | 8.20 |
| (ZAR hedged) P-mdist | 15.9.2021 | 20.9.2021 | ZAR | 8.19 |
| Q-6%-mdist | 12.4.2021 | 15.4.2021 | EUR | 0.46 |
| Q-6%-mdist | 10.5.2021 | 13.5.2021 | EUR | 0.46 |
| Q-6%-mdist | 10.6.2021 | 15.6.2021 | EUR | 0.46 |
| Q-6%-mdist | 12.7.2021 | 15.7.2021 | EUR | 0.46 |
| Q-6%-mdist | 10.8.2021 | 13.8.2021 | EUR | 0.46 |
| Q-6%-mdist | 10.9.2021 | 15.9.2021 | EUR | 0.46 |
| (USD hedged) Q-6%-mdist | 12.4.2021 | 15.4.2021 | USD | 0.51 |
| (USD hedged) Q-6%-mdist | 10.5.2021 | 13.5.2021 | USD | 0.51 |
| (USD hedged) Q-6%-mdist | 10.6.2021 | 15.6.2021 | USD | 0.51 |
| (USD hedged) Q-6%-mdist | 12.7.2021 | 15.7.2021 | USD | 0.51 |
| (USD hedged) Q-6%-mdist | 10.8.2021 | 13.8.2021 | USD | 0.50 |
| (USD hedged) Q-6%-mdist | 10.9.2021 | 15.9.2021 | USD | 0.50 |
| Q-mdist | 15.4.2021 | 20.4.2021 | EUR | 0.38 |
| Q-mdist | 17.5.2021 | 20.5.2021 | EUR | 0.37 |
| Q-mdist | 15.6.2021 | 18.6.2021 | EUR | 0.37 |
| Q-mdist | 15.7.2021 | 20.7.2021 | EUR | 0.37 |
| Q-mdist | 16.8.2021 | 19.8.2021 | EUR | 0.37 |
| Q-mdist | 15.9.2021 | 20.9.2021 | EUR | 0.37 |
| (GBP hedged) Q-mdist | 15.4.2021 | 20.4.2021 | GBP | 0.43 |
| (GBP hedged) Q-mdist | 17.5.2021 | 20.5.2021 | GBP | 0.42 |
| (GBP hedged) Q-mdist | 15.6.2021 | 18.6.2021 | GBP | 0.42 |
| (GBP hedged) Q-mdist | 15.7.2021 | 20.7.2021 | GBP | 0.42 |
| (GBP hedged) Q-mdist | 16.8.2021 | 19.8.2021 | GBP | 0.42 |
| (GBP hedged) Q-mdist | 15.9.2021 | 20.9.2021 | GBP | 0.42 |
| (USD hedged) Q-mdist | 15.4.2021 | 20.4.2021 | USD | 0.46 |
| (USD hedged) Q-mdist | 17.5.2021 | 20.5.2021 | USD | 0.45 |
| (USD hedged) Q-mdist | 15.6.2021 | 18.6.2021 | USD | 0.45 |
| (USD hedged) Q-mdist | 15.7.2021 | 20.7.2021 | USD | 0.45 |
| (USD hedged) Q-mdist | 16.8.2021 | 19.8.2021 | USD | 0.45 |
| (USD hedged) Q-mdist | 15.9.2021 | 20.9.2021 | USD | 0.45 |
| U-X-UKdist-mdist | 15.4.2021 | 20.4.2021 | EUR | 9.63 |
| U-X-UKdist-mdist | 17.5.2021 | 20.5.2021 | EUR | 50.37 |
| U-X-UKdist-mdist | 15.6.2021 | 18.6.2021 | EUR | 38.49 |
| U-X-UKdist-mdist | 15.7.2021 | 20.7.2021 | EUR | 41.77 |
| U-X-UKdist-mdist | 16.8.2021 | 19.8.2021 | EUR | 28.26 |
| U-X-UKdist-mdist | 15.9.2021 | 20.9.2021 | EUR | 34.60 |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Rapport semestriel au 30 septembre 2021

## Etat du portefeuille-titres et autres actifs nets au 30 septembre 2021
| Dénomination | Quantité/ | Evaluation en EUR | en % |
| --- | --- | --- | --- |
|  | Nominal | Plus- (Moins-) value non- | des |
|  |  | réalisée sur Futures/ | actifs |
|  |  | Contrats de | nets |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
| Titres et instruments du marché monétaire négociés sur une bourse officielle Billets, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	ADIENT GLOBAL HOLDINGS LTD-REG-S 3.50000% 16-15.08.24 | 8 535 000.00 | 8 598 159.00 | 0.47 |
| EUR	ADLER GROUP SA-REG-S 2.75000% 20-13.11.26 | 3 100 000.00 | 2 650 500.00 | 0.15 |
| EUR	ADLER GROUP SA-REG-S 2.25000% 21-27.04.27 | 7 200 000.00 | 5 988 312.00 | 0.33 |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 8.00000% 19-15.05.27 | 18 375 000.00 | 19 551 000.00 | 1.08 |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 26 860 000.00 | 28 078 369.60 | 1.55 |
| EUR	ARD FINANCE SA-REG-S (PIK) 5.00000% 19-30.06.27 | 21 545 000.00 | 22 367 286.47 | 1.24 |
| EUR	ASR MEDIA AND SPONSORSHIP SPA-REG-S 5.12500% 19-01.08.24 | 9 146 000.00 | 8 797 899.58 | 0.49 |
| EUR	ATLANTIA SPA-REG-S 1.87500% 21-12.02.28 | 1 250 000.00 | 1 299 815.00 | 0.07 |
| EUR	AUTOSTRADE PER L’ITALIA SPA-REG-S 2.00000% 20-04.12.28 | 11 815 000.00 | 12 399 937.02 | 0.68 |
| EUR	BANFF MERGER SUB INC-REG-S 8.37500% 18-01.09.26 | 8 340 000.00 | 8 656 086.00 | 0.48 |
| EUR	BOXER PARENT CO INC-REG-S 6.50000% 20-02.10.25 | 5 985 000.00 | 6 283 675.43 | 0.35 |
| EUR	BRITISH AIRWAYS PLC-REG-S 2.75000% 21-25.03.25 | 4 700 000.00 | 4 741 143.80 | 0.26 |
| EUR	BULGARIAN ENERGY HOLDING EAD-REG-S 2.45000% 21-22.07.28 | 6 475 000.00 | 6 495 720.00 | 0.36 |
| EUR	CASINO GUICHARD PERRACHON SA-REG-S 6.62500% 20-15.01.26 | 9 610 000.00 | 10 007 469.60 | 0.55 |
| EUR	CGG SA-REG-S 7.75000% 21-01.04.27 | 6 870 000.00 | 6 979 233.00 | 0.39 |
| EUR	CHEPLAPHARM ARZNEIMITTEL GMBH-REG-S 3.50000% 20-11.02.27 | 4 205 000.00 | 4 252 306.25 | 0.23 |
| EUR	COGENT COMMUNICATIONS GROUP INC-REG-S 4.37500% 19-30.06.24 | 11 960 000.00 | 12 182 575.60 | 0.67 |
| EUR	COTY INC-REG-S 4.00000% 18-15.04.23 | 6 480 000.00 | 6 516 404.64 | 0.36 |
| EUR	CROWN EUROPEAN HOLDINGS SA-REG-S 2.87500% 18-01.02.26 | 10 090 000.00 | 10 739 674.92 | 0.59 |
| EUR	DKT FINANCE APS-REG-S 7.00000% 18-17.06.23 | 37 796 000.00 | 38 485 777.00 | 2.13 |
| EUR	EDREAMS ODIGEO SA-REG-S 5.50000% 18-01.09.23 | 7 170 000.00 | 7 180 755.00 | 0.40 |
| EUR	EG GLOBAL FINANCE PLC-REG-S 4.37500% 19-07.02.25 | 960 000.00 | 953 846.40 | 0.05 |
| EUR	EG GLOBAL FINANCE PLC-REG-S 3.62500% 19-07.02.24 | 2 750 000.00 | 2 727 598.50 | 0.15 |
| EUR	EG GLOBAL FINANCE PLC-REG-S 6.25000% 19-30.10.25 | 5 360 000.00 | 5 475 240.00 | 0.30 |
| EUR	FAURECIA SE-REG-S 3.75000% 20-15.06.28 | 9 750 000.00 | 10 140 000.00 | 0.56 |
| EUR	FORD MOTOR CREDIT CO LLC 2.38600% 19-17.02.26 | 11 390 000.00 | 11 732 839.00 | 0.65 |
| EUR	FORD MOTOR CREDIT CO LLC 2.33000% 19-25.11.25 | 1 500 000.00 | 1 541 280.00 | 0.09 |
| EUR	GARFUNKELUX HOLDCO 3 SA-REG-S 6.75000% 20-01.11.25 | 6 245 000.00 | 6 519 143.01 | 0.36 |
| EUR	GTC AURORA LUXEMBOURG SA-REG-S 2.25000% 21-23.06.26 | 4 610 000.00 | 4 686 470.68 | 0.26 |
| EUR	HERENS MIDCO SARL-REG-S 5.25000% 21-15.05.29 | 15 215 000.00 | 14 758 550.00 | 0.81 |
| EUR	HOUSE OF FINANCE NV/THE-REG-S 4.37500% 19-15.07.26 | 500 000.00 | 512 500.00 | 0.03 |
| EUR	HOUSE OF HR-REG-S-SUB 7.50000% 20-15.01.27 | 8 265 000.00 | 8 792 720.25 | 0.49 |
| EUR	IHO VERWALTUNGS GMBH-REG-S (PIK) 3.87500% 19-15.05.27 | 2 705 000.00 | 2 775 876.41 | 0.15 |
| EUR	INEOS QUATTRO FINANCE 1 PLC-REG-S 3.75000% 21-15.07.26 | 2 090 000.00 | 2 146 329.68 | 0.12 |
| EUR	INTERNATIONAL GAME TECHNOLOGY PLC-REG-S 3.50000% 19-15.06.26 | 10 333 000.00 | 10 598 558.10 | 0.59 |
| EUR	INTL CONSOLIDATED AIRLINES GROUP-REG-S 1.50000% 19-04.07.27 | 2 900 000.00 | 2 669 885.00 | 0.15 |
| EUR	IQVIA INC-REG-S 2.25000% 19-15.01.28 | 5 675 000.00 | 5 709 787.75 | 0.32 |
| EUR	IQVIA INC-REG-S 2.87500% 20-15.06.28 | 8 880 000.00 | 9 124 288.80 | 0.50 |
| EUR	JAGUAR LAND ROVER AUTOMOTIVE PLC-REG-S 6.87500% 19-15.11.26 | 2 980 000.00 | 3 316 167.84 | 0.18 |
| EUR	JAGUAR LAND ROVER AUTOMOTIVE PLC-REG-S 5.87500% 19-15.11.24 | 6 001 000.00 | 6 391 305.04 | 0.35 |
| EUR	LABORATOIRE EIMER SELARL-REG-S 5.00000% 21-01.02.29 | 3 915 000.00 | 4 042 237.50 | 0.22 |
| EUR	LHMC FINCO SARL-REG-S 6.25000% 18-20.12.23 | 2 951 000.00 | 2 542 237.54 | 0.14 |
| EUR	LINCOLN FINANCING SARL-REG-S 3.62500% 19-01.04.24 | 6 230 000.00 | 6 280 774.50 | 0.35 |
| EUR	LOXAM SAS-REG-S 3.75000% 19-15.07.26 | 9 155 000.00 | 9 351 832.50 | 0.52 |
| EUR	MONITCHEM HOLDCO 2 SA-REG-S-SUB 9.50000% 19-15.09.26 | 10 652 000.00 | 11 530 790.00 | 0.64 |
| EUR	MONITCHEM HOLDCO 3 SA-REG-S 5.25000% 19-15.03.25 | 1 230 000.00 | 1 260 745.08 | 0.07 |
| EUR	NETFLIX INC 3.62500% 17-15.05.27 | 15 355 000.00 | 17 735 025.00 | 0.98 |
| EUR	NETFLIX INC-REG-S 3.87500% 19-15.11.29 | 9 910 000.00 | 11 991 179.28 | 0.66 |
| EUR	NIDDA BONDCO GMBH-REG-S 5.00000% 17-30.09.25 | 5 275 000.00 | 5 254 163.75 | 0.29 |
| EUR	NIDDA HEALTHCARE HOLDING AG-REG-S 3.50000% 17-30.09.24 | 15 980 000.00 | 15 868 140.00 | 0.88 |
| EUR	NIDDA HEALTHCARE HOLDING AG-REG-S 3.50000% 20-30.09.24 | 4 425 000.00 | 4 397 343.75 | 0.24 |
| EUR	ORGANON FINANCE 1 LLC-REG-S 2.87500% 21-30.04.28 | 5 260 000.00 | 5 367 367.12 | 0.30 |
| EUR	PROMONTORIA HOLDING-REG-S 6.75000% 18-15.08.23 | 9 640 000.00 | 9 688 257.84 | 0.54 |
| EUR	PUBLIC POWER CORP SA-REG-S 3.87500% 21-30.03.26 | 4 720 000.00 | 4 920 600.00 | 0.27 |
| EUR	SAZKA GROUP AS-REG-S 4.12500% 19-20.11.24 | 1 750 000.00 | 1 789 375.00 | 0.10 |
| EUR	SAZKA GROUP AS-REG-S 3.87500% 20-15.02.27 | 6 840 000.00 | 6 942 600.00 | 0.38 |
| EUR	SCIENTIFIC GAMES INTERNATIONAL-REG-S 5.50000% 18-15.02.26 | 4 270 000.00 | 4 391 148.44 | 0.24 |
| EUR	SILGAN HOLDINGS INC 2.25000% 20-01.06.28 | 4 250 000.00 | 4 276 562.50 | 0.24 |
| EUR	SOFTBANK GROUP CORP-REG-S 5.00000% 18-15.04.28 | 3 160 000.00 | 3 324 493.80 | 0.18 |
| EUR	SUMMER BC HOLDCO A SARL-REG-S 9.25000% 19-31.10.27 | 13 360 000.00 | 13 079 355.61 | 0.72 |
| EUR	TELE COLUMBUS AG-REG-S 3.87500% 18-02.05.25 | 20 085 000.00 | 20 135 212.50 | 1.11 |
| EUR	TEVA PHARMACEUTICAL FINANCE II BV 4.50000% 18-01.03.25 | 15 533 000.00 | 16 118 399.94 | 0.89 |
| EUR	TEVA PHARMACEUTICAL FIN 6.00000% 20-31.01.25 | 14 990 000.00 | 16 201 379.38 | 0.89 |
| EUR	TI AUTOMOTIVE FINANCE PLC-REG-S 3.75000% 21-15.04.29 | 6 305 000.00 | 6 366 789.00 | 0.35 |
| EUR	TUI CRUISES GMBH-REG-S 6.50000% 21-15.05.26 | 5 310 000.00 | 5 469 300.00 | 0.30 |
| EUR	UNILABS SUBHOLDING AB-REG-S 5.75000% 17-15.05.25 | 8 730 000.00 | 8 864 442.00 | 0.49 |
| EUR	UNITED GROUP BV-REG-S 4.87500% 17-01.07.24 | 3 210 000.00 | 3 246 722.40 | 0.18 |
| EUR	VERISURE MIDHOLDING AB-REG-S 5.25000% 21-15.02.29 | 5 710 000.00 | 5 857 774.80 | 0.32 |
| EUR	VERTICAL HOLDCO GMBH-REG-S 6.62500% 20-15.07.28 | 7 820 000.00 | 7 472 863.94 | 0.41 |
| EUR	VIRGIN MEDIA FINANCE PLC-REG-S 3.75000% 20-15.07.30 | 1 690 000.00 | 1 711 125.00 | 0.09 |
| EUR	WMG ACQUISITION CORP-REG-S 2.75000% 20-15.07.28 | 1 810 000.00 | 1 864 249.32 | 0.10 |
| EUR	WMG ACQUISITION CORP-REG-S 2.25000% 21-15.08.31 | 3 795 000.00 | 3 791 630.04 | 0.21 |
| EUR	ZF EUROPE FINANCE BV-REG-S 2.00000% 19-23.02.26 | 2 900 000.00 | 2 925 293.80 | 0.16 |
| Total EUR |  | 586 883 897.70 | 32.40 |
| GBP |  |  |  |
| GBP	CPUK FINANCE LTD-REG-S 4.50000% 21-28.08.27 | 1 850 000.00 | 2 187 778.21 | 0.12 |
| GBP	ENCORE CAPITAL GROUP INC-REG-S 4.25000% 21-01.06.26 | 3 655 000.00 | 4 244 659.78 | 0.24 |
| GBP	PINNACLE BIDCO PLC-REG-S 6.37500% 18-15.02.25 | 6 730 000.00 | 7 994 268.78 | 0.44 |
| Total GBP |  | 14 426 706.77 | 0.80 |
| USD |  |  |  |
| USD	DRESDNER FUND TRUST I-REG-S 8.15100% 99-30.06.31 | 3 000 000.00 | 3 692 566.54 | 0.20 |
| USD	EQT CORP 3.90000% 17-01.10.27 | 3 620 000.00 | 3 380 363.77 | 0.19 |
| USD	GENESIS ENERGY LP 8.00000% 20-15.01.27 | 5 125 000.00 | 4 477 382.55 | 0.25 |
| USD	ITHACA ENERGY NORTH SEA PLC-REG-S 9.00000% 21-15.07.26 | 5 220 000.00 | 4 603 391.86 | 0.25 |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Rapport semestriel au 30 septembre 2021
|  | Dénomination | Quantité/ | Evaluation en EUR | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Plus- (Moins-) value non- | des |
|  |  | réalisée sur Futures/ | actifs |
|  |  | Contrats de | nets |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
|  |  |  |  |  |
| USD | NEPTUNE ENERGY BONDCO PLC-REG-S 6.62500% 18-15.05.25 | 12 205 000.00 | 10 833 852.84 | 0.60 |
| USD | OCCIDENTAL PETROLEUM CORP 3.20000% 19-15.08.26 | 3 776 000.00 | 3 326 346.64 | 0.18 |
| USD | OCCIDENTAL PETROLEUM CORP 2.90000% 19-15.08.24 | 2 520 000.00 | 2 213 303.43 | 0.12 |
| USD | ZIGGO BV-144A 5.50000% 16-15.01.27 | 9 876 000.00 | 8 809 107.38 | 0.49 |
| Total USD |  |  | 41 336 315.01 | 2.28 |
| Total des Billets, taux fixe |  | 642 646 919.48 | 35.48 |
| Billets, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	ABANCA CORP BANCARIA SA-REG-S-SUB VAR 21-PRP | 5 400 000.00 | 5 798 260.80 | 0.32 |
| EUR	ACCOR SA-REG-S-SUB 2.625%/VAR 19-PRP | 7 200 000.00 | 6 930 000.00 | 0.38 |
| EUR	BANCA MONT DEI PAS DI SIENA-REG-S-SUB 8.000%/VAR 20-22.01.30 | 3 755 000.00 | 3 004 000.00 | 0.17 |
| EUR	BANCA MONTE DEI PASCHI DI-REG-S-SUB 8.520%/VAR 20-10.09.30 | 2 000 000.00 | 1 625 000.00 | 0.09 |
| EUR	BANCO BPM SPA-REG-S-SUB 5.000%/VAR 20-14.09.30 | 3 340 000.00 | 3 642 470.40 | 0.20 |
| EUR	BANCO SANTANDER SA SUB-REG-S 3.625%/VAR 21-PRP | 3 000 000.00 | 2 917 500.00 | 0.16 |
| EUR	BANQUE INTL A LUXEMBOURG SA-REG-S-SUB VAR 19-PRP | 4 800 000.00 | 5 006 976.00 | 0.28 |
| EUR	BORMIOLI PHARMA SPA-REG-S 3M EURIBOR+350BP 17-15.11.24 | 7 510 000.00 | 7 314 740.00 | 0.40 |
| EUR	DTE POSTBANK FUNDING TRUST I-SUB 10YR EUSA+2.5BP 04-PRP | 2 872 000.00 | 2 823 032.40 | 0.16 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 3.375%/VAR 20-PRP | 8 800 000.00 | 9 251 528.00 | 0.51 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 2.875%/VAR 20-PRP | 7 600 000.00 | 7 848 960.80 | 0.43 |
| EUR	PROMONTORIA HOLDING-REG-S 3M EURIBOR+625BP 18-15.08.23 | 1 955 000.00 | 1 947 473.25 | 0.11 |
| EUR	REPSOL INTERNATIONAL FINANCE BV-REG-S-SUB 3.750%/VAR 20-PRP | 1 225 000.00 | 1 304 294.25 | 0.07 |
| EUR	REPSOL INTERNATIONAL FINANCE BV-SUB 4.247%/VAR 20-PRP | 1 225 000.00 | 1 341 497.50 | 0.07 |
| EUR	SAMHALLSBYGGNADSBOLAGET I NORDEN-REG-S-SUB 2.875%/VAR 21-PRP | 4 480 000.00 | 4 466 918.40 | 0.25 |
| EUR	UNICREDIT SPA-REG-S-SUB 2.731%/VAR 20-15.01.32 | 3 365 000.00 | 3 494 209.27 | 0.19 |
| Total EUR |  | 68 716 861.07 | 3.79 |
| GBP |  |  |  |
| GBP	MILLER HOMES GROUP HOLD PLC-REG-S 3M LIBOR+525BP 17-15.10.23 | 3 216 000.00 | 1 183 333.54 | 0.07 |
| Total GBP |  | 1 183 333.54 | 0.07 |
| USD |  |  |  |
| USD	BARCLAYS PLC 4.375%/VAR 21-PRP | 4 460 000.00 | 3 845 617.16 | 0.21 |
| USD	HSBC BANK PLC-SUB 6M LIBOR+25BP 85-PRP | 1 670 000.00 | 1 362 283.10 | 0.08 |
| USD	SOFTBANK GROUP CORP-REG-S-SUB 6.000%/VAR 17-PRP | 10 290 000.00 | 8 839 296.89 | 0.49 |
| Total USD |  | 14 047 197.15 | 0.78 |
| Total des Billets, taux variable |  | 83 947 391.76 | 4.64 |
| Medium-Term Notes, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	ATLANTIA SPA-REG-S 1.87500% 17-13.07.27 | 2 510 000.00 | 2 612 965.22 | 0.14 |
| EUR	AUTOSTRADE PER L’ITALIA SPA-REG-S 1.75000% 15-26.06.26 | 14 940 000.00 | 15 424 115.76 | 0.85 |
| EUR	AUTOSTRADE PER L’ITALIA SPA-REG-S 1.75000% 16-01.02.27 | 7 300 000.00 | 7 544 170.40 | 0.42 |
| EUR	AUTOSTRADE PER L’ITALIA SPA-REG-S 1.87500% 17-26.09.29 | 6 037 000.00 | 6 293 403.46 | 0.35 |
| EUR	BANCA MONTE DEI PASCHI DI SIENA-REG-S 3.62500% 19-24.09.24 | 7 555 000.00 | 7 878 024.60 | 0.43 |
| EUR	CASINO GUICHARD PERRACHON SA-REG-S STEP-UP 14-07.03.24 | 4 100 000.00 | 4 121 910.40 | 0.23 |
| EUR	CASINO GUICHARD PERRACHON SA-REG-S STEP-UP 14-07.02.25 | 1 900 000.00 | 1 836 350.00 | 0.10 |
| EUR	COMMERZBANK AG-REG-S-SUB 4.00000% 16-23.03.26 | 2 067 000.00 | 2 321 861.10 | 0.13 |
| EUR	DEUTSCHE BANK AG-SUB 4.50000% 16-19.05.26 | 6 200 000.00 | 7 168 266.40 | 0.40 |
| EUR	DEUTSCHE LUFTHANSA AG-REG-S 3.50000% 21-14.07.29 | 5 900 000.00 | 6 092 104.00 | 0.34 |
| EUR	DEUTSCHE LUFTHANSA AG-REG-S 2.00000% 21-14.07.24 | 3 100 000.00 | 3 156 748.60 | 0.17 |
| EUR	INTESA SANPAOLO SPA-REG-S-SUB 3.92800% 14-15.09.26 | 1 775 000.00 | 2 006 602.00 | 0.11 |
| EUR	LEONARDO SPA-REG-S 2.37500% 20-08.01.26 | 1 955 000.00 | 2 049 817.50 | 0.11 |
| EUR	NASSA TOPCO AS-REG-S 2.87500% 17-06.04.24 | 7 514 000.00 | 7 748 436.80 | 0.43 |
| EUR	ORANO SA-REG-S 2.75000% 20-08.03.28 | 2 000 000.00 | 2 110 008.00 | 0.12 |
| EUR	PETROLEOS MEXICANOS-REG-S 2.75000% 15-21.04.27 | 1 130 000.00 | 1 063 824.38 | 0.06 |
| EUR	PETROLEOS MEXICANOS-REG-S 5.12500% 16-15.03.23 | 5 521 000.00 | 5 796 359.88 | 0.32 |
| EUR	PETROLEOS MEXICANOS-REG-S 3.75000% 17-21.02.24 | 2 295 000.00 | 2 371 452.18 | 0.13 |
| EUR	PETROLEOS MEXICANOS-REG-S 4.87500% 17-21.02.28 | 3 365 000.00 | 3 397 177.81 | 0.19 |
| EUR	PPF TELECOM GROUP BV-REG-S 3.25000% 20-29.09.27 | 6 070 000.00 | 6 585 950.00 | 0.36 |
| EUR	RENAULT SA-REG-S 2.37500% 20-25.05.26 | 9 000 000.00 | 9 090 000.00 | 0.50 |
| EUR	SHAEFFLER AG-REG-S 3.37500% 20-12.10.28 | 17 100 000.00 | 19 130 693.40 | 1.06 |
| EUR	TELECOM ITALIA FINANCE SA 7.75000% 03-24.01.33 | 1 402 000.00 | 2 044 814.19 | 0.11 |
| EUR	TELECOM ITALIA SPA-REG-S 3.00000% 16-30.09.25 | 830 000.00 | 880 973.62 | 0.05 |
| EUR	TELECOM ITALIA SPA-REG-S 2.37500% 17-12.10.27 | 2 890 000.00 | 2 990 861.00 | 0.16 |
| EUR	TELECOM ITALIA SPA-REG-S 2.87500% 18-28.01.26 | 610 000.00 | 643 733.00 | 0.04 |
| EUR	TELECOM ITALIA SPA-REG-S 2.75000% 19-15.04.25 | 4 475 000.00 | 4 693 380.00 | 0.26 |
| EUR	THYSSENKRUPP AG-REG-S 2.87500% 19-22.02.24 | 7 540 000.00 | 7 728 500.00 | 0.43 |
| EUR	UNIPOL GRUPPO SPA-REG-S 3.50000% 17-29.11.27 | 3 800 000.00 | 4 387 434.40 | 0.24 |
| EUR	ZF FINANCE GMBH-REG-S 3.75000% 20-21.09.28 | 9 800 000.00 | 10 682 000.00 | 0.59 |
| EUR	ZF FINANCE GMBH-REG-S 3.00000% 20-21.09.25 | 2 300 000.00 | 2 420 750.00 | 0.13 |
| EUR	ZF FINANCE GMBH-REG-S 2.75000% 20-25.05.27 | 4 300 000.00 | 4 451 067.60 | 0.25 |
| EUR	ZF FINANCE GMBH-REG-S 2.00000% 21-06.05.27 | 2 600 000.00 | 2 613 000.00 | 0.14 |
| Total EUR |  | 169 336 755.70 | 9.35 |
| GBP |  |  |  |
| GBP	FORD MOTOR CREDIT CO LLC 2.74800% 20-14.06.24 | 4 295 000.00 | 5 047 164.06 | 0.28 |
| GBP	PETROLEOS MEXICANOS 8.25000% 09-02.06.22 | 3 942 000.00 | 4 758 199.70 | 0.26 |
| Total GBP |  | 9 805 363.76 | 0.54 |
| USD |  |  |  |
| USD	ENQUEST PLC-144A-REG-S (PIK) 7.00000% 16-15.04.22 | 24 272 850.00 | 20 074 659.58 | 1.11 |
| Total USD |  | 20 074 659.58 | 1.11 |
| Total des Medium-Term Notes, taux fixe |  | 199 216 779.04 | 11.00 |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Rapport semestriel au 30 septembre 2021
| Dénomination | Quantité/ | Evaluation en EUR | en % |
| --- | --- | --- | --- |
|  | Nominal | Plus- (Moins-) value non- | des |
|  |  | réalisée sur Futures/ | actifs |
|  |  | Contrats de | nets |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
| Medium-Term Notes, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	AIB GROUP PLC-REG-S-SUB 2.875%/VAR 20-30.05.31 | 4 925 000.00 | 5 283 894.60 | 0.29 |
| EUR	BANCO BPM SPA-REG-S-SUB 3.250%/VAR 20-14.01.2031 | 2 185 000.00 | 2 232 750.99 | 0.12 |
| EUR	BANCO COMERCIAL PORTUGUES-REG-S-SUB 4.500%/VAR 17-07.12.27 | 1 500 000.00 | 1 550 250.00 | 0.09 |
| EUR	BANCO COMERCIAL PORTUGUES-REG-S-SUB 3.871%/VAR 19-27.03.30 | 2 600 000.00 | 2 672 805.20 | 0.15 |
| EUR	BANK OF CYPRUS HOLDINGS-REG-S-SUB 6.625%/VAR 21-23.10.31 | 4 045 000.00 | 4 198 467.30 | 0.23 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.000%/VAR 14-PRP | 3 100 000.00 | 3 479 068.00 | 0.19 |
| EUR	INTESA SANPAOLO SPA-REG-S-SUB 5.875%/VAR 19-04.03.29 | 2 030 000.00 | 2 270 916.34 | 0.13 |
| EUR	PIRAEUS GROUP FINANCE PLC-REG-S-SUB 9.750%/VAR 19-26.06.29 | 5 145 000.00 | 5 623 207.17 | 0.31 |
| EUR	UNICREDIT SPA-REG-S-SUB 4.875%/VAR 19-20.02.29 | 7 000 000.00 | 7 605 892.00 | 0.42 |
| EUR	UNICREDIT SPA-REG-S-SUB 2.000%/VAR 19-23.09.29 | 1 110 000.00 | 1 130 352.96 | 0.06 |
| EUR	UNICREDIT SPA-REG-S-SUB 4.450%/VAR 21-PRP | 7 310 000.00 | 7 565 850.00 | 0.42 |
| EUR	UNIPOLSAI SPA-SUB 5.750%/VAR 14-PRP | 3 090 000.00 | 3 410 587.50 | 0.19 |
| Total EUR |  | 47 024 042.06 | 2.60 |
| GBP |  |  |  |
| GBP	HSBC BANK PLC 5.84400%/6M LIBOR+176BP 03-PRP | 1 905 000.00 | 3 075 710.16 | 0.17 |
| Total GBP |  | 3 075 710.16 | 0.17 |
| USD |  |  |  |
| USD	HSBC BANK PLC-SUB 6M LIBOR+25BP 85-PRP | 980 000.00 | 799 288.32 | 0.04 |
| Total USD |  | 799 288.32 | 0.04 |
| Total des Medium-Term Notes, taux variable |  | 50 899 040.54 | 2.81 |
| Obligations, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	ADLER REAL ESTATE AG-REG-S 1.50000% 19-17.04.22 | 1 900 000.00 | 1 812 284.60 | 0.10 |
| EUR	AEDAS HOMES OPCO SLU-REG-S 4.00000% 21-15.08.26 | 2 420 000.00 | 2 502 038.00 | 0.14 |
| EUR	ALTICE FINANCING SA-REG-S 2.25000% 20-15.01.25 | 2 375 000.00 | 2 286 887.50 | 0.13 |
| EUR	ALTICE FINANCING SA-REG-S 3.00000% 20-15.01.28 | 8 110 000.00 | 7 633 943.00 | 0.42 |
| EUR	ALTICE FRANCE SA/FRANCE-REG-S 4.00000% 21-15.07.29 | 5 685 000.00 | 5 594 983.71 | 0.31 |
| EUR	AVANTOR FUNDING INC-REG-S 2.62500% 20-01.11.25 | 2 840 000.00 | 2 902 536.80 | 0.16 |
| EUR	BK LC LUX FINCO1 SARL-REG-S 5.25000% 21-30.04.29 | 4 860 000.00 | 5 042 250.00 | 0.28 |
| EUR	CAB SELAS-REG-S 3.37500% 21-01.02.28 | 3 665 000.00 | 3 696 819.53 | 0.20 |
| EUR	CARNIVAL CORP-REG-S 10.12500% 20-01.02.26 | 8 645 000.00 | 9 924 460.00 | 0.55 |
| EUR	CARNIVAL CORP-REG-S 7.62500% 20-01.03.26 | 3 320 000.00 | 3 583 574.80 | 0.20 |
| EUR	CHEPLAPHARM ARZNEIMITTEL GMBH-REG-S 4.37500% 20-15.01.28 | 2 595 000.00 | 2 698 800.00 | 0.15 |
| EUR	CIDRON AIDA FINCO SARL-REG-S 5.00000% 21-01.04.28 | 2 410 000.00 | 2 427 756.89 | 0.13 |
| EUR	CIRSA FINANCE INTERNATIONAL-REG-S 4.75000% 19-22.05.25 | 5 890 000.00 | 5 904 725.00 | 0.33 |
| EUR	CIRSA FINANCE INTERNATIONAL-REG-S 4.50000% 21-15.03.27 | 6 530 000.00 | 6 458 953.60 | 0.36 |
| EUR	CMA CGM SA-REG-S 5.25000% 17-15.01.25 | 10 270 000.00 | 10 412 013.56 | 0.57 |
| EUR	COTY INC-REG-S 3.87500% 21-15.04.26 | 4 815 000.00 | 4 924 589.40 | 0.27 |
| EUR	CRYSTAL ALMOND SARL-REG-S 4.25000% 19-15.10.24 | 7 370 000.00 | 7 524 180.40 | 0.41 |
| EUR	CTC BONDCO GMBH-REG-S 5.25000% 17-15.12.25 | 6 732 000.00 | 6 869 332.80 | 0.38 |
| EUR	DUFRY ONE BV-REG-S 3.37500% 21-15.04.28 | 6 005 000.00 | 5 959 962.50 | 0.33 |
| EUR	FAURECIA SE-REG-S 2.37500% 19-15.06.27 | 175 000.00 | 175 875.00 | 0.01 |
| EUR	GRUENENTHAL GMBH-REG-S 3.62500% 21-15.11.26 | 1 500 000.00 | 1 555 680.00 | 0.09 |
| EUR	GRUENENTHAL GMBH-REG-S 4.12500% 21-15.05.28 | 4 800 000.00 | 5 029 056.00 | 0.28 |
| EUR	HEIMSTADEN AB-REG-S 4.37500% 21-06.03.27 | 5 500 000.00 | 5 511 871.75 | 0.30 |
| EUR	IHO VERWALTUNGS GMBH-REG-S (PIK) 3.75000% 16-15.09.26 | 1 670 000.00 | 1 700 661.20 | 0.09 |
| EUR	INEOS QUATTRO FINANCE 2 PLC-REG-S 2.50000% 21-15.01.26 | 8 445 000.00 | 8 518 657.29 | 0.47 |
| EUR	INTRUM JUSTITIA AB-REG-S 3.12500% 17-15.07.24 | 11 545 000.00 | 11 603 302.25 | 0.64 |
| EUR	KAPLA HOLDING SAS-REG-S 3.37500% 19-15.12.26 | 4 665 000.00 | 4 677 959.37 | 0.26 |
| EUR	KEDRION SPA-REG-S 3.37500% 21-15.05.26 | 10 405 000.00 | 10 367 958.20 | 0.57 |
| EUR	KLEOPATRA FINCO SARL-REG-S 4.25000% 21-01.03.26 | 3 215 000.00 | 3 144 977.30 | 0.17 |
| EUR	KME AG-REG-S 6.75000% 18-01.02.23 | 7 680 000.00 | 7 261 286.40 | 0.40 |
| EUR	LHMC FINCO 2 SARL-REG-S (PIK) 7.25000% 19-02.10.25 | 8 731 983.95 | 8 876 707.85 | 0.49 |
| EUR	LOXAM SAS-REG-S 4.25000% 17-15.04.24 | 1 400 000.00 | 1 411 760.00 | 0.08 |
| EUR	LOXAM SAS-REG-S 6.00000% 17-15.04.25 | 7 945 000.00 | 8 087 580.97 | 0.45 |
| EUR	MATTERHORN TELECOM SA-REG-S 3.12500% 19-15.09.26 | 4 020 000.00 | 4 020 000.00 | 0.22 |
| EUR	MOTION FINCO SARL-REG-S 7.00000% 20-15.05.25 | 9 015 000.00 | 9 463 045.50 | 0.52 |
| EUR	MULHACEN PTE LTD-REG-S (PIK) 7.50000% 18-01.08.23 | 5 310 197.00 | 4 429 766.34 | 0.24 |
| EUR	NIDDA BONDCO GMBH-REG-S 7.25000% 18-30.09.25 | 9 432 000.00 | 9 577 762.13 | 0.53 |
| EUR	NOBIAN FINANCE BV-REG-S 3.62500% 21-15.07.26 | 7 205 000.00 | 7 135 241.19 | 0.39 |
| EUR	NOMAD FOODS BONDCO PLC-REG-S 2.50000% 21-24.06.28 | 7 510 000.00 | 7 615 140.00 | 0.42 |
| EUR	OI EUROPEAN GROUP BV-REG-S 3.12500% 16-15.11.24 | 2 950 000.00 | 3 047 704.00 | 0.17 |
| EUR	OI EUROPEAN GROUP BV-REG-S 2.87500% 19-15.02.25 | 9 720 000.00 | 9 849 237.12 | 0.54 |
| EUR	PAPREC HOLDING-REG-S 4.00000% 18-31.03.25 | 3 838 000.00 | 3 905 165.00 | 0.22 |
| EUR	PAPREC HOLDING-REG-S-3.50000% 21-01.07.28 | 6 605 000.00 | 6 686 849.15 | 0.37 |
| EUR	PARTS EUROPE SA-REG-S 6.50000% 20-16.07.25 | 9 055 000.00 | 9 439 837.50 | 0.52 |
| EUR	PETROLEOS MEXICANOS-REG-S 5.50000% 05-24.02.25 | 610 000.00 | 665 776.88 | 0.04 |
| EUR	PETROLEOS MEXICANOS-REG-S 3.75000% 14-16.04.26 | 3 779 000.00 | 3 799 784.50 | 0.21 |
| EUR	PHM GROUP HOLDING OY-144A-REG-S 4.75000% 21-18.06.26 | 5 185 000.00 | 5 330 180.00 | 0.29 |
| EUR	PINNACLE BIDCO PLC-REG-S 5.50000% 20-15.02.25 | 9 540 000.00 | 9 826 200.00 | 0.54 |
| EUR	PLT VII FINANCE SARL-REG-S 4.62500% 20-05.01.26 | 7 260 000.00 | 7 466 764.80 | 0.41 |
| EUR	PRIMO WATER HOLDINGS INC-REG-S 3.87500% 20-31.10.28 | 6 520 000.00 | 6 745 565.92 | 0.37 |
| EUR	QUATRIM SASU-REG-S 5.87500% 19-15.01.24 | 3 170 000.00 | 3 263 832.00 | 0.18 |
| EUR	REKEEP SPA-REG-S 7.25000% 21-01.02.26 | 4 460 000.00 | 4 807 969.20 | 0.27 |
| EUR	REXEL SA-REG-S 2.75000% 19-15.06.26 | 3 675 000.00 | 3 750 153.75 | 0.21 |
| EUR	ROSSINI SARL-REG-S 6.75000% 18-30.10.25 | 11 930 000.00 | 12 376 182.00 | 0.68 |
| EUR	RUBIS TERMINAL INFRA SAS -REG-S 5.62500% 20-15.05.25 | 12 375 000.00 | 12 993 750.00 | 0.72 |
| EUR	SIGMA HOLDCO BV-REG-S 5.75000% 18-15.05.26 | 7 320 000.00 | 6 990 600.00 | 0.39 |
| EUR	SIGNA DEVELOPMENT FINANCE SCS-REG-S 5.50000% 21-23.07.26 | 8 400 000.00 | 7 790 815.20 | 0.43 |
| EUR	SOFIMA HOLDING SPA-REG-S 3.75000% 20-15.01.28 | 4 565 000.00 | 4 599 237.50 | 0.25 |
| EUR	SOFTBANK GROUP CORP-REG-S 5.25000% 15-30.07.27 | 4 000 000.00 | 4 290 546.80 | 0.24 |
| EUR	STANDARD PROFIL AUTOMOTIVE GMBH-REG-S 6.25000% 21-30.04.26 | 7 480 000.00 | 6 821 760.00 | 0.38 |
| EUR	SUMMER BC HOLDCO B SARL-REG-S 5.75000% 19-31.10.26 | 4 115 000.00 | 4 310 462.49 | 0.24 |
| EUR	SUMMER BIDCO BV-REG-S 9.00000% 19-15.11.25 | 8 129 000.00 | 8 716 152.91 | 0.48 |
| EUR	SUMMER BIDCO BV-REG-S (PIK) STEP-DOWN 20-15.11.25 | 7 375 000.00 | 7 730 255.22 | 0.43 |
| EUR	TEREOS FINANCE GROUPE I SA-REG-S 4.12500% 16-16.06.23 | 2 500 000.00 | 2 540 110.00 | 0.14 |
| EUR	TEREOS FINANCE GROUPE I SA-REG-S 7.50000% 20-30.10.25 | 3 000 000.00 | 3 220 230.00 | 0.18 |
| EUR	TRIVIUM PACKAGING FINANCE BV-REG-S 3.75000% 19-15.08.26 | 15 044 000.00 | 15 390 012.00 | 0.85 |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Rapport semestriel au 30 septembre 2021
|  | Dénomination | Quantité/ | Evaluation en EUR | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Plus- (Moins-) value non- | des |
|  |  | réalisée sur Futures/ | actifs |
|  |  | Contrats de | nets |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
|  |  |  |  |  |
| EUR | UNITED GROUP BV-REG-S 3.12500% 20-15.02.26 | 6 575 000.00 | 6 358 025.00 | 0.35 |
| EUR | UPC HOLDING BV-REG-S 3.87500% 17-15.06.29 | 1 300 000.00 | 1 334 346.00 | 0.07 |
| EUR | VERTICAL MIDCO GMBH-REG-S 4.37500% 20-15.07.27 | 3 580 000.00 | 3 736 660.80 | 0.21 |
| EUR | VIVION INVESTMENTS SARL-REG-S 3.00000% 19-08.08.24 | 4 100 000.00 | 3 990 940.00 | 0.22 |
| Total EUR |  |  | 410 099 486.57 | 22.64 |
| GBP |  |  |  |  |
| GBP | ARQIVA BROADCAST FINANCE PLC-REG-S 6.75000% 18-30.09.23 | 5 810 000.00 | 6 895 574.31 | 0.38 |
| GBP | BRACKEN MIDCO1 PLC-REG-S (PIK) 8.87500% 18-15.10.23 | 10 777 897.00 | 12 811 990.71 | 0.71 |
| GBP | CIDRON AIDA FINCO SARL-REG-S 6.25000% 21-01.04.28 | 1 505 000.00 | 1 769 425.36 | 0.10 |
| GBP | DEUCE FINCO PLC-REG-S 5.50000% 21-15.06.27 | 3 820 000.00 | 4 494 570.33 | 0.25 |
| GBP | GALAXY BIDCO LTD-REG-S 6.50000% 19-31.07.26 | 3 670 000.00 | 4 462 493.97 | 0.25 |
| GBP | GALAXY FINCO LTD-REG-S 9.25000% 19-31.07.27 | 7 510 000.00 | 9 196 021.57 | 0.51 |
| GBP | GARFUNKELUX HOLDCO 3 SA-REG-S 7.75000% 20-01.11.25 | 1 685 000.00 | 2 047 762.33 | 0.11 |
| GBP | JERROLD FINCO PLC-REG-S 4.87500% 20-15.01.26 | 4 180 000.00 | 4 990 768.11 | 0.28 |
| GBP | JERROLD FINCO PLC-REG-S 5.25000% 21-15.01.27 | 8 825 000.00 | 10 656 342.38 | 0.59 |
| GBP | MILLER HOMES GROUP HOLDINGS PLC-REG-S 5.50000% 17-15.10.24 | 14 205 000.00 | 16 737 955.10 | 0.92 |
| GBP | PREMIER FOODS FINANCE PLC-REG-S 3.50000% 21-15.10.26 | 4 700 000.00 | 5 502 311.12 | 0.30 |
| GBP | PUNCH FINANCE PLC-REG-S 6.12500% 21-30.06.26 | 5 380 000.00 | 6 401 351.22 | 0.35 |
| GBP | STONEGATE PUB CO FIN2019 PLC-REG-S 8.25000% 20-31.07.25 | 4 740 000.00 | 5 795 874.83 | 0.32 |
| GBP | VERY GROUP FUNDING PLC/THE-REG-S 6.50000% 21-01.08.26 | 15 635 000.00 | 18 437 698.61 | 1.02 |
| GBP | VIRGIN MEDIA VENDOR FINANCING-REG-S 4.87500% 20-15.07.28 | 3 425 000.00 | 4 057 607.12 | 0.22 |
| Total GBP |  |  | 114 257 747.07 | 6.31 |
| Total des Obligations, taux fixe |  | 524 357 233.64 | 28.95 |
| Obligations, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	ABANCA CORP BANCARIA SA-REG-S-SUB 6.125%/VAR 19-18.01.29 | 3 200 000.00 | 3 524 000.00 | 0.19 |
| EUR	ACCOR SA-REG-S-SUB 4.375%/VAR 19-PRP | 900 000.00 | 928 591.20 | 0.05 |
| EUR	BANCO BPM SPA-REG-S-SUB 4.250%/VAR 19-01.10.29 | 7 740 000.00 | 8 234 431.20 | 0.46 |
| EUR	BANCO DE SABADELL SA-REG-S-SUB 6.500%/VAR 17-PRP | 5 000 000.00 | 5 124 600.00 | 0.28 |
| EUR	CAIXABANK SA-REG-S-SUB 3.625%/VAR 21-PRP | 5 200 000.00 | 5 054 400.00 | 0.28 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 4.000%/VAR 18-PRP | 1 300 000.00 | 1 387 230.00 | 0.08 |
| EUR	GOLDEN GOOSE SPA-REG-S 3M EURIBOR+487.5BP 21-14.05.27 | 13 045 000.00 | 12 898 243.75 | 0.71 |
| EUR	LIBERTY MUTUAL GROUP INC-REG-S-SUB 3.625%/VAR 19-23.05.59 | 3 460 000.00 | 3 613 970.00 | 0.20 |
| EUR	PLT VII FINANCE SARL-REG-S 3M LIBOR+462.5BP 20-05.01.26 | 2 090 000.00 | 2 097 887.66 | 0.12 |
| EUR	RAIFFEISEN BANK INTL AG-REG-S-SUB 6.125%/VAR 17-PRP | 4 000 000.00 | 4 208 384.00 | 0.23 |
| EUR	REPSOL INTERNATIONAL FINANC-REG-S-SUB 4.500%/VAR 15-25.03.75 | 3 570 000.00 | 3 886 623.30 | 0.21 |
| EUR	ROSSINI SARL-REG-S 3M EURIBOR+387.5BP 19-30.10.25 | 2 100 000.00 | 2 105 250.00 | 0.12 |
| EUR	SISAL PAY SPA-REG-S 3M EURIBOR+387.5BP 19-17.12.26 | 5 815 000.00 | 5 815 000.00 | 0.32 |
| EUR	TELEFONICA EUROPE BV-REG-S-SUB 5.875%/VAR 14-PRP | 2 500 000.00 | 2 771 875.00 | 0.15 |
| EUR	TELEFONICA EUROPE BV-REG-S-SUB 3.000%/VAR 18-PRP | 2 300 000.00 | 2 374 750.00 | 0.13 |
| EUR	TELEFONICA EUROPE BV-REG-S-SUB 3.875%/VAR 18-PRP | 4 100 000.00 | 4 438 250.00 | 0.25 |
| EUR	TELEFONICA EUROPE BV-REG-S-SUB 4.375%/VAR 19-PRP | 8 700 000.00 | 9 429 147.00 | 0.52 |
| EUR	UNICREDIT SPA-REG-S-SUB 6.625%/VAR 17-PRP | 4 140 000.00 | 4 393 575.00 | 0.24 |
| EUR	VERTICAL MIDCO GMBH-REG-S 3M EURIBOR+475BP 20-15.07.27 | 2 980 000.00 | 3 006 647.16 | 0.17 |
| EUR	VODAFONE GROUP PLC-REG-S-SUB 3.100%/VAR 18-03.01.79 | 4 150 000.00 | 4 308 986.50 | 0.24 |
| Total EUR |  | 89 601 841.77 | 4.95 |
| GBP |  |  |  |
| GBP	CYBG PLC-REG-S-SUB 8.750%/VAR 16-PRP | 5 160 000.00 | 6 039 166.28 | 0.33 |
| Total GBP |  | 6 039 166.28 | 0.33 |
| USD |  |  |  |
| USD	CREDIT SUISSE GROUP AG-REG-S-SUB 7.500%/VAR 18-PRP | 5 690 000.00 | 5 253 289.62 | 0.29 |
| Total USD |  | 5 253 289.62 | 0.29 |
| Total des Obligations, taux variable |  | 100 894 297.67 | 5.57 |
| Obligations convertibles, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	BANK OF IRELAND GROUP PLC-REG-S-SUB COCO 7.500%/VAR 20-PRP | 3 980 000.00 | 4 672 918.00 | 0.26 |
| EUR	CAIXABANK SA-REG-S-SUB 6.375%/VAR 18-PRP | 3 400 000.00 | 3 670 334.00 | 0.20 |
| Total EUR |  | 8 343 252.00 | 0.46 |
| Total des Obligations convertibles, taux variable |  | 8 343 252.00 | 0.46 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 1 610 304 914.13 | 88.91 |
| Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  |  |  |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AMERICAN AIRLINES GROUP INC-144A 5.00000% 19-01.06.22 | 1 910 000.00 | 1 650 103.54 | 0.09 |
| USD	AMERICAN AIRLINES GROUP INC-144A 3.75000% 20-01.03.25 | 5 920 000.00 | 4 602 883.64 | 0.26 |
| USD	CINEMARK USA INC-144A 5.25000% 21-15.07.28 | 1 960 000.00 | 1 665 818.19 | 0.09 |
| USD	DKT FINANCE APS-144A 9.37500% 18-17.06.23 | 3 340 000.00 | 2 932 352.56 | 0.16 |
| Total USD |  | 10 851 157.93 | 0.60 |
| Total des Billets, taux fixe |  | 10 851 157.93 | 0.60 |
| Obligations, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	PANTHER BF AGGR 2/PANTHER FIN CO-REG-S 4.37500% 19-15.05.26 | 4 160 000.00 | 4 300 458.24 | 0.24 |
| Total EUR |  | 4 300 458.24 | 0.24 |
| Total des Obligations, taux fixe |  | 4 300 458.24 | 0.24 |
| Total des Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  | 15 151 616.17 | 0.84 |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Rapport semestriel au 30 septembre 2021
| Dénomination | Quantité/ | Evaluation en EUR | en % |
| --- | --- | --- | --- |
|  | Nominal | Plus- (Moins-) value non- | des |
|  |  | réalisée sur Futures/ | actifs |
|  |  | Contrats de | nets |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
| Nouvelles émissions de titres et instruments du marché monétaire Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	CINEMARK USA INC-144A 5.87500% 21-15.03.26 | 1 960 000.00 | 1 708 097.84 | 0.09 |
| USD	COINBASE GLOBAL INC-144A 3.62500% 21-01.10.31 | 900 000.00 | 738 222.10 | 0.04 |
| USD	SEASPAN CORP-144A 5.50000% 21-01.08.29 | 4 050 000.00 | 3 565 202.12 | 0.20 |
| Total USD |  | 6 011 522.06 | 0.33 |
| Total des Billets, taux fixe |  | 6 011 522.06 | 0.33 |
| Total des Nouvelles émissions de titres et instruments du marché monétaire |  | 6 011 522.06 | 0.33 |

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 |  |
| --- | --- |
| EUR | UBS (IRL) SELECT MONEY MARKET FUND-EUR-S-DIST | 6 213.04 | 61 191 544.95 | 3.38 |
| Total Irlande |  | 61 191 544.95 | 3.38 |
| Luxembourg |  |  |  |
| USD	UBS (LUX) BOND SICAV - ASIAN HIGH YIELD U-X-ACC | 1 659.00 | 16 780 456.84 | 0.93 |
| Total Luxembourg |  | 16 780 456.84 | 0.93 |
| Total des Fonds d’investissement, ouvert |  | 77 972 001.79 | 4.31 |
| Total des OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée |  | 77 972 001.79 | 4.31 |
| Total du Portefeuille-titres |  | 1 709 440 054.15 | 94.39 |


## Instruments dérivés
Instruments dérivés non négociés sur une bourse officielle ou sur un autre marché réglementé
Credit Default Swaps*
| EUR | ICE/ITRX.EUROPE.34-V1 CDI PAYER 1.00000% 20-20.12.30 | -105 200 000.00 | -2 056 508.05 | -0.11 |
| --- | --- | --- | --- | --- |
| EUR | JPMORGAN/TKAGR CREDIT DEFAULT SWAP PAY 1.00000% 20-20.12.25 | -10 000 000.00 | 388 813.00 | 0.02 |
| EUR | ICE/MARKIT ITRX EUR CDI PAY 5.00000% 20-20.12.25 | -9 866 600.00 | -1 206 266.84 | -0.07 |
| EUR | ICE/ITRX.EUROPE.34-V1 CDI REC 1.00000% 20-20.12.25 | 200 000 000.00 | 5 323 711.12 | 0.29 |
| EUR | JPMORGAN/TKAGR CREDIT DEFAULT SWAP REC 1.00000% 20-20.12.22 | 23 000 000.00 | 7 394.50 | 0.00 |
| EUR | JPMORGAN/VMED CREDIT DEFAULT SWAP REC 5.00000% 21-20.06.26 | 10 000 000.00 | 1 203 587.24 | 0.07 |
| Total des Credit Default Swaps | 3 660 730.97 | 0.20 |
| Total des Instruments dérivés non négociés sur une bourse officielle ou sur un autre marché réglementé | 3 660 730.97 | 0.20 |
| Total des Instruments dérivés | 3 660 730.97 | 0.20 |
| Contrats de change à terme |  |  |
| Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |

| ZAR | 16 774 300.00 | EUR | 938 185.52 | 5.10.2021 | 23 842.04 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 13 228.40 | ZAR | 231 100.00 | 5.10.2021 | -25.48 | 0.00 |
| ZAR | 324 100.00 | EUR | 18 936.35 | 5.10.2021 | -348.80 | 0.00 |
| CNH | 106 448 800.00 | EUR | 13 979 949.65 | 22.10.2021 | 222 710.86 | 0.01 |
| JPY | 3 732 769 600.00 | EUR | 28 827 498.67 | 22.10.2021 | 32 116.33 | 0.00 |
| HKD | 142 701 100.00 | EUR | 15 642 722.96 | 22.10.2021 | 169 080.51 | 0.01 |
| CNH | 1 848 900.00 | EUR | 242 334.24 | 22.10.2021 | 4 350.54 | 0.00 |
| AUD | 79 355 100.00 | EUR | 49 204 744.93 | 22.10.2021 | 240 621.06 | 0.01 |
| CAD | 30 019 600.00 | EUR | 20 045 274.08 | 22.10.2021 | 392 389.39 | 0.02 |
| CHF | 33 009 700.00 | EUR | 30 392 092.86 | 22.10.2021 | 144 119.88 | 0.01 |
| EUR | 167 864 424.39 | GBP | 144 010 000.00 | 22.10.2021 | 380 930.94 | 0.02 |
| SGD | 64 638 300.00 | EUR | 40 766 035.65 | 22.10.2021 | 298 355.57 | 0.02 |
| GBP | 19 886 800.00 | EUR | 23 180 933.51 | 22.10.2021 | -52 603.97 | 0.00 |
| EUR | 125 643 594.38 | USD | 147 490 000.00 | 22.10.2021 | -1 568 322.87 | -0.09 |
| USD | 520 882 700.00 | EUR | 443 728 894.70 | 22.10.2021 | 5 538 763.66 | 0.31 |
| JPY | 40 906 900.00 | EUR | 319 074.84 | 22.10.2021 | -2 806.36 | 0.00 |
| EUR | 507 774.04 | SGD | 805 700.00 | 22.10.2021 | -4 083.17 | 0.00 |
| USD | 5 890 400.00 | EUR | 5 021 837.97 | 27.10.2021 | 58 214.96 | 0.00 |
| EUR | 11 302.60 | ZAR | 199 100.00 | 5.10.2021 | -116.04 | 0.00 |
| JPY | 58 917 700.00 | EUR | 453 074.68 | 22.10.2021 | 2 442.89 | 0.00 |
| ZAR | 16 668 200.00 | EUR | 951 774.02 | 5.10.2021 | 4 168.57 | 0.00 |
| EUR | 951 774.02 | ZAR | 16 668 200.00 | 5.10.2021 | -4 168.57 | 0.00 |
| JPY | 47 137 400.00 | EUR | 365 363.83 | 22.10.2021 | -924.72 | 0.00 |
| Total des Contrats de change à terme | 5 878 707.22 | 0.32 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 60 420 026.57 | 3.34 |
| Crédit en compte courant et autres engagements à court terme | -2 466 040.64 | -0.14 |
| Autres actifs et passifs | 34 169 782.27 | 1.89 |
| Total de l’Actif net | 1 811 103 260.54 | 100.00 |
| * Nominal positif: le compartiment est «receveur», nominal négatif: le compartiment est «payeur». |  |  |

UBS (Lux) Bond Fund – Euro High Yield (EUR) Rapport semestriel au 30 septembre 2021