# UBS (Lux) Bond SICAV
– Global Short Term Flexible (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2022 | 31.5.2022 | 31.5.2021 |
| Net assets in USD |  | 267 695 721.43 | 267 956 056.47 | 270 168 850.14 |
| Class (CAD hedged) F-acc 1 | LU2254328565 |  |  |  |
| Shares outstanding |  | - | - | 16 170.5540 |
| Net asset value per share in CAD |  | - | - | 101.12 |
| Issue and redemption price per share in CAD 2 |  | - | - | 101.12 |
| Class I-A1-acc | LU2254329027 |  |  |  |
| Shares outstanding |  | 20 581.4660 | 72 748.1460 | 63 792.5620 |
| Net asset value per share in USD |  | 97.06 | 98.29 | 101.04 |
| Issue and redemption price per share in USD 2 |  | 97.06 | 98.29 | 101.04 |
| Class (EUR hedged) I-A1-acc | LU2254329704 |  |  |  |
| Shares outstanding |  | 25 750.9060 | 29 188.7250 | 13 691.7250 |
| Net asset value per share in EUR |  | 94.11 | 96.48 | 100.09 |
| Issue and redemption price per share in EUR 2 |  | 94.11 | 96.48 | 100.09 |
| Class (GBP hedged) I-A1-acc 3 | LU2327293762 |  |  |  |
| Shares outstanding |  | 509.5220 | 820.5220 | - |
| Net asset value per share in GBP |  | 95.58 | 97.17 | - |
| Issue and redemption price per share in GBP 2 |  | 95.58 | 97.17 | - |
| Class (GBP hedged) I-A2-acc 3 | LU2327293846 |  |  |  |
| Shares outstanding |  | 1 941.4360 | 1 941.4360 | - |
| Net asset value per share in GBP |  | 95.62 | 97.19 | - |
| Issue and redemption price per share in GBP 2 |  | 95.62 | 97.19 | - |
| Class I-A3-acc | LU2254329290 |  |  |  |
| Shares outstanding |  | 1 166.4940 | 1 166.4940 | 1 712.9600 |
| Net asset value per share in USD |  | 97.20 | 98.40 | 101.07 |
| Issue and redemption price per share in USD 2 |  | 97.20 | 98.40 | 101.07 |
| Class (EUR hedged) I-A3-acc | LU2254329886 |  |  |  |
| Shares outstanding |  | 2 032.3940 | 2 032.3940 | 2 032.3940 |
| Net asset value per share in EUR |  | 94.27 | 96.61 | 100.12 |
| Issue and redemption price per share in EUR 2 |  | 94.27 | 96.61 | 100.12 |
| Class I-X-acc | LU2254329456 |  |  |  |
| Shares outstanding |  | 216 068.3880 | 231 690.1340 | 212 664.7700 |
| Net asset value per share in USD |  | 97.79 | 98.84 | 101.23 |
| Issue and redemption price per share in USD 2 |  | 97.79 | 98.84 | 101.23 |
| Class (CHF hedged) I-X-acc 4 | LU2358374390 |  |  |  |
| Shares outstanding |  | 584 214.6950 | 289 405.0940 | - |
| Net asset value per share in CHF |  | 94.02 | 96.46 | - |
| Issue and redemption price per share in CHF 2 |  | 94.02 | 96.46 | - |
| Class (EUR hedged) I-X-acc | LU2073878865 |  |  |  |
| Shares outstanding |  | 23 312.1740 | 25 660.0690 | 24 055.4910 |
| Net asset value per share in EUR |  | 94.85 | 97.04 | 100.27 |
| Issue and redemption price per share in EUR 2 |  | 94.85 | 97.04 | 100.27 |
| Class I-X-UKdist | LU2254329373 |  |  |  |
| Shares outstanding |  | 36 104.1220 | 36 104.1220 | 36 104.1220 |
| Net asset value per share in USD |  | 94.35 | 97.76 | 101.23 |
| Issue and redemption price per share in USD 2 |  | 94.35 | 97.76 | 101.23 |
| Class P-acc | LU0659916679 |  |  |  |
| Shares outstanding |  | 572 882.5290 | 588 173.2010 | 672 784.0490 |
| Net asset value per share in USD |  | 85.54 | 86.83 | 89.69 |
| Issue and redemption price per share in USD 2 |  | 85.54 | 86.83 | 89.69 |
| Class (AUD hedged) P-acc | LU1991167542 |  |  |  |
| Shares outstanding |  | 295 991.7740 | 330 689.4150 | 361 287.1380 |
| Net asset value per share in AUD |  | 98.55 | 100.39 | 103.96 |
| Issue and redemption price per share in AUD 2 |  | 98.55 | 100.39 | 103.96 |
| Class (CAD hedged) P-acc | LU2254328649 |  |  |  |
| Shares outstanding |  | 145 860.9040 | 169 419.3170 | 189 764.3110 |
| Net asset value per share in CAD |  | 96.19 | 97.62 | 100.83 |
| Issue and redemption price per share in CAD 2 |  | 96.19 | 97.62 | 100.83 |
| Class (CHF hedged) P-acc | LU0726085425 |  |  |  |
| Shares outstanding |  | 12 695.3710 | 12 973.9690 | 8 612.0930 |
| Net asset value per share in CHF |  | 84.12 | 86.70 | 90.47 |
| Issue and redemption price per share in CHF 2 |  | 84.12 | 86.70 | 90.47 |
| Class (EUR hedged) P-acc | LU0706127809 |  |  |  |
| Shares outstanding |  | 553 102.5740 | 579 567.7500 | 684 033.0110 |
| Net asset value per share in EUR |  | 95.52 | 98.17 | 102.36 |
| Issue and redemption price per share in EUR 2 |  | 95.52 | 98.17 | 102.36 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Semi-Annual Report as of 30 November 2022
|  | ISIN | 30.11.2022 | 31.5.2022 | 31.5.2021 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class (GBP hedged) P-acc 3 | LU2327293929 |  |  |  |
| Shares outstanding |  | 149 394.3380 | 156 112.3390 | - |
| Net asset value per share in GBP |  | 94.85 | 96.67 | - |
| Issue and redemption price per share in GBP 2 |  | 94.85 | 96.67 | - |
| Class P-dist | LU0659904402 |  |  |  |
| Shares outstanding |  | 96 500.3530 | 100 553.9800 | 111 771.1890 |
| Net asset value per share in USD |  | 69.00 | 71.10 | 74.83 |
| Issue and redemption price per share in USD 2 |  | 69.00 | 71.10 | 74.83 |
| Class (EUR hedged) P-dist | LU2251373150 |  |  |  |
| Shares outstanding |  | 131 330.6570 | 139 045.4100 | 167 065.5280 |
| Net asset value per share in EUR |  | 91.68 | 95.82 | 100.92 |
| Issue and redemption price per share in EUR 2 |  | 91.68 | 95.82 | 100.92 |
| Class Q-acc | LU2254329530 |  |  |  |
| Shares outstanding |  | 28 869.0000 | 29 084.3750 | 29 066.6480 |
| Net asset value per share in USD |  | 96.76 | 98.06 | 100.96 |
| Issue and redemption price per share in USD 2 |  | 96.76 | 98.06 | 100.96 |
| Class (AUD hedged) Q-acc | LU1991167898 |  |  |  |
| Shares outstanding |  | 15 364.8930 | 15 364.8930 | 20 310.1550 |
| Net asset value per share in AUD |  | 99.69 | 101.38 | 104.65 |
| Issue and redemption price per share in AUD 2 |  | 99.69 | 101.38 | 104.65 |
| Class (CAD hedged) Q-acc | LU2254328722 |  |  |  |
| Shares outstanding |  | 18 346.7040 | 18 656.2380 | 26 613.9770 |
| Net asset value per share in CAD |  | 96.82 | 98.11 | 101.00 |
| Issue and redemption price per share in CAD 2 |  | 96.82 | 98.11 | 101.00 |
| Class (EUR hedged) Q-acc | LU0718864688 |  |  |  |
| Shares outstanding |  | 18 737.8640 | 19 763.0920 | 26 949.4220 |
| Net asset value per share in EUR |  | 98.33 | 100.89 | 104.85 |
| Issue and redemption price per share in EUR 2 |  | 98.33 | 100.89 | 104.85 |
| Class Q-dist | LU2254329613 |  |  |  |
| Shares outstanding |  | 5 011.3270 | 5 011.6140 | 6 064.2940 |
| Net asset value per share in USD |  | 94.02 | 97.05 | 100.96 |
| Issue and redemption price per share in USD 2 |  | 94.02 | 97.05 | 100.96 |
| Class (EUR hedged) Q-dist | LU2254329969 |  |  |  |
| Shares outstanding |  | 3 363.7850 | 3 363.7850 | 4 638.0210 |
| Net asset value per share in EUR |  | 91.11 | 95.35 | 100.00 |
| Issue and redemption price per share in EUR 2 |  | 91.11 | 95.35 | 100.00 |
| 1  For the period from 1.12.2020 to 25.3.2022 the share class (CAD 2  See note 1 3  First NAV: 2.6.2021 4  First NAV: 5.7.2021 | hedged) F-acc was in circulation |  |  |  |

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

### Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
United States	34.53
France	9.03
Italy	7.50
United Kingdom	6.96
Germany	5.94
New Zealand	4.64
Luxembourg	3.20
Slovenia	2.26
Spain	2.25
The Netherlands	1.96
Mexico	1.52
Canada	1.43
Japan	1.39
Cayman Islands	0.97
Belgium	0.97
Jersey	0.90
Brazil	0.72
Switzerland	0.69
United Arab Emirates	0.64
Qatar	0.61
Portugal	0.60
Indonesia	0.52
Denmark	0.47
China	0.47
Australia	0.45
Russian Federation (CIS)	0.43
Turkey	0.40
Colombia	0.38
Norway	0.35
Venezuela	0.35
Mongolia	0.35
Iceland	0.32
Kazakhstan	0.31
Ireland	0.29
Peru	0.29
Egypt	0.28
Uzbekistan	0.28
Kenya	0.28
Nigeria	0.28
Czech Republic	0.27
Chile	0.26
Costa Rica	0.26
India	0.23
Poland	0.20
Thailand	0.16
Saudi Arabia	0.14
Bulgaria	0.14
Supranationals	0.13
Ghana	0.13
South Korea	0.11
Sweden	0.11
Romania	0.09
Finland	0.08
Oman	0.08
Bermuda	0.06
Economic Breakdown as a % of net assets	
Countries & central governments	66.51
Finance & holding companies	8.97
Banks & credit institutions	8.50
Telecommunications	1.48
Investment funds	1.45
Traffic & transportation	1.38
Energy & water supply	1.35
Mortgage & funding institutions	1.23
Chemicals	0.86
Mining, coal & steel	0.75
Petroleum	0.69
Insurance	0.68
Supranational organisations	0.49
Real Estate	0.44
Cantons, federal states	0.43
Retail trade, department stores	0.41
Internet, software & IT services	0.39
Pharmaceuticals, cosmetics & medical products	0.30
Vehicles	0.28
Miscellaneous unclassified companies	0.22
Healthcare & social services	0.20
Tobacco & alcohol	0.17
Electrical devices & components	0.13
Textiles, garments & leather goods	0.11
Mechanical engineering & industrial equipment	0.09
Miscellaneous services	0.09
Computer hardware & network equipment providers	0.06
Total	97.66
Total	97.66
UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Semi-Annual Report as of 30 November 2022

### Statement of Net Assets
Assets	30.11.2022
USD
Investments in securities, cost	306 839 716.80
| Investments in securities, unrealized appreciation (depreciation) | 	-45 414 042.86	 |
| --- | --- |
| Total investments in securities (Note 1) | 261 425 673.94 |
| Cash at banks, deposits on demand and deposit accounts | 15 981 910.89 |
| Other liquid assets (Margins) | 3 209 329.31 |
| Receivable on securities sales (Note 1) | 1 010 373.10 |
| Receivable on subscriptions | 2 471.80 |
| Interest receivable on securities | 1 915 246.62 |
| Interest receivable on liquid assets | 1 532.83 |
| Prepaid expenses | 370 627.98 |
| Unrealized gain on financial futures (Note 1) | 453 609.72 |
| Unrealized gain on swaps (Note 1) | 586 649.36 |
| Total Assets | 284 957 425.55 |
|  |  |
| Liabilities |  |
| Unrealized loss on forward foreign exchange contracts (Note 1) | -7 580 748.02 |
| Bank overdraft | -875 495.00 |
| Payable on securities purchases (Note 1) | -8 558 187.97 |
| Payable on redemptions | -89 287.65 |
| Provisions for flat fee (Note 2) | -124 022.68 |
| Provisions for taxe d’abonnement (Note 3) | -16 004.15 |
| Provisions for other commissions and fees (Note 2) | 	-17 958.65	 |
| Total provisions | -157 985.48 |
| Total Liabilities | -17 261 704.12 |
|  |  |
| Net assets at the end of the period | 267 695 721.43 |
| Statement of Operations | USD |
| Income | 1.6.2022-30.11.2022 |
| Interest on liquid assets | 97 539.21 |
| Interest on securities | 2 779 008.34 |
| Dividends | 237 000.00 |
| Interest received on swaps (Note 1) | 2 208 665.12 |
| Net income on securities lending (Note 11) | 37 849.63 |
| Other income (Note 4) | 79 499.46 |
| Total income | 5 439 561.76 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -2 081 021.86 |
| Flat fee (Note 2) | -780 199.25 |
| Taxe d’abonnement (Note 3) | -47 610.19 |
| Other commissions and fees (Note 2) | -17 633.37 |
| Interest on cash and bank overdraft | -12 954.91 |
| Total expenses | -2 939 419.58 |
|  |  |
| Net income (loss) on investments | 2 500 142.18 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | -7 202 782.84 |
| Realized gain (loss) on financial futures | 2 264 886.41 |
| Realized gain (loss) on forward foreign exchange contracts | 6 257 874.68 |
| Realized gain (loss) on swaps | 2 266 376.92 |
| Realized gain (loss) on foreign exchange | 1 298 678.70 |
| Total realized gain (loss) | 4 885 033.87 |
|  |  |
| Net realized gain (loss) of the period | 7 385 176.05 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | -6 320 321.62 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | 5 583.09 |
| Unrealized appreciation (depreciation) on financial futures | -856 060.66 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -8 389 685.06 |
| Unrealized appreciation (depreciation) on swaps | -4 088 548.17 |
| Total changes in unrealized appreciation (depreciation) | -19 649 032.42 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | -12 263 856.37 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Semi-Annual Report as of 30 November 2022
| Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.6.2022-30.11.2022 |
| Net assets at the beginning of the period | 267 956 056.47 |
| Subscriptions | 30 716 967.30 |
| Redemptions | 	-18 291 301.06	 |
| Total net subscriptions (redemptions) | 12 425 666.24 |
| Dividend paid | -422 144.91 |
| Net income (loss) on investments | 2 500 142.18 |
| Total realized gain (loss) | 4 885 033.87 |
| Total changes in unrealized appreciation (depreciation) | 	-19 649 032.42	 |
| Net increase (decrease) in net assets as a result of operations | -12 263 856.37 |
| Net assets at the end of the period | 267 695 721.43 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2022-30.11.2022 |
| Class | I-A1-acc |
| Number of shares outstanding at the beginning of the period | 72 748.1460 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -52 166.6800 |
| Number of shares outstanding at the end of the period | 20 581.4660 |
| Class | (EUR hedged) I-A1-acc |
| Number of shares outstanding at the beginning of the period | 29 188.7250 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -3 437.8190 |
| Number of shares outstanding at the end of the period | 25 750.9060 |
| Class | (GBP hedged) I-A1-acc |
| Number of shares outstanding at the beginning of the period | 820.5220 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -311.0000 |
| Number of shares outstanding at the end of the period | 509.5220 |
| Class | (GBP hedged) I-A2-acc |
| Number of shares outstanding at the beginning of the period | 1 941.4360 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 1 941.4360 |
| Class | I-A3-acc |
| Number of shares outstanding at the beginning of the period | 1 166.4940 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 1 166.4940 |
| Class | (EUR hedged) I-A3-acc |
| Number of shares outstanding at the beginning of the period | 2 032.3940 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 2 032.3940 |
| Class | I-X-acc |
| Number of shares outstanding at the beginning of the period | 231 690.1340 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -15 621.7460 |
| Number of shares outstanding at the end of the period | 216 068.3880 |
| Class | (CHF hedged) I-X-acc |
| Number of shares outstanding at the beginning of the period | 289 405.0940 |
| Number of shares issued | 297 360.2390 |
| Number of shares redeemed | -2 550.6380 |
| Number of shares outstanding at the end of the period | 584 214.6950 |
| Class | (EUR hedged) I-X-acc |
| Number of shares outstanding at the beginning of the period | 25 660.0690 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -2 347.8950 |
| Number of shares outstanding at the end of the period | 23 312.1740 |
| Class | I-X-UKdist |
| Number of shares outstanding at the beginning of the period | 36 104.1220 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 36 104.1220 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 588 173.2010 |
| Number of shares issued | 5 437.5120 |
| Number of shares redeemed | -20 728.1840 |
| Number of shares outstanding at the end of the period | 572 882.5290 |
| Class | (AUD hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 330 689.4150 |
| Number of shares issued | 270.3880 |
| Number of shares redeemed | -34 968.0290 |
| Number of shares outstanding at the end of the period | 295 991.7740 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Semi-Annual Report as of 30 November 2022
| Class | (CAD hedged) P-acc |
| --- | --- |
| Number of shares outstanding at the beginning of the period | 169 419.3170 |
| Number of shares issued | 789.8180 |
| Number of shares redeemed | -24 348.2310 |
| Number of shares outstanding at the end of the period | 145 860.9040 |
| Class | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 12 973.9690 |
| Number of shares issued | 371.9980 |
| Number of shares redeemed | -650.5960 |
| Number of shares outstanding at the end of the period | 12 695.3710 |
| Class | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 579 567.7500 |
| Number of shares issued | 5 510.3020 |
| Number of shares redeemed | -31 975.4780 |
| Number of shares outstanding at the end of the period | 553 102.5740 |
| Class | (GBP hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 156 112.3390 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -6 718.0010 |
| Number of shares outstanding at the end of the period | 149 394.3380 |
| Class | P-dist |
| Number of shares outstanding at the beginning of the period | 100 553.9800 |
| Number of shares issued | 260.1610 |
| Number of shares redeemed | -4 313.7880 |
| Number of shares outstanding at the end of the period | 96 500.3530 |
| Class | (EUR hedged) P-dist |
| Number of shares outstanding at the beginning of the period | 139 045.4100 |
| Number of shares issued | 145.9150 |
| Number of shares redeemed | -7 860.6680 |
| Number of shares outstanding at the end of the period | 131 330.6570 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 29 084.3750 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -215.3750 |
| Number of shares outstanding at the end of the period | 28 869.0000 |
| Class | (AUD hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 15 364.8930 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 15 364.8930 |
| Class | (CAD hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 18 656.2380 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -309.5340 |
| Number of shares outstanding at the end of the period | 18 346.7040 |
| Class | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 19 763.0920 |
| Number of shares issued | 3.2260 |
| Number of shares redeemed | -1 028.4540 |
| Number of shares outstanding at the end of the period | 18 737.8640 |
| Class | Q-dist |
| Number of shares outstanding at the beginning of the period | 5 011.6140 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -0.2870 |
| Number of shares outstanding at the end of the period | 5 011.3270 |
| Class | (EUR hedged) Q-dist |
| Number of shares outstanding at the beginning of the period | 3 363.7850 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 3 363.7850 |

| Annual Distribution 1 |  |
| --- | --- |
| UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| I-X-UKdist | 15.6.2022 | 21.6.2022 | USD | 2.36 |
| P-dist | 1.8.2022 | 4.8.2022 | USD | 1.04 |
| (EUR hedged) P-dist | 1.8.2022 | 4.8.2022 | EUR | 1.56 |
| Q-dist | 1.8.2022 | 4.8.2022 | USD | 1.74 |
| (EUR hedged) Q-dist | 1.8.2022 | 4.8.2022 | EUR | 1.83 |
| 1  See note 5 |  |  |  |  |

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

### Statement of Investments in Securities and other Net Assets as of 30 November 2022
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Notes, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	AT&T INC 3.45000% 18-19.09.23 | 1 000 000.00 | 665 199.62 | 0.25 |
| Total AUD |  | 665 199.62 | 0.25 |
| BRL |  |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 10.00000% 20-01.01.31 | 10 500.00 | 1 735 563.09 | 0.65 |
| Total BRL |  | 1 735 563.09 | 0.65 |
| CAD |  |  |  |
| CAD	BRITISH COLUMBIA, PROVINCE OF 3.30000% 13-18.12.23 | 1 000 000.00 | 729 730.03 | 0.27 |
| Total CAD |  | 729 730.03 | 0.27 |
| EUR |  |  |  |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 8.00000% 19-15.05.27 | 450 000.00 | 351 806.69 | 0.13 |
| EUR	BNG BANK NV-REG-S 0.05000% 20-02.04.25 | 520 000.00 | 504 937.73 | 0.19 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 1.87600% 20-07.04.24 | 1 000 000.00 | 1 014 656.24 | 0.38 |
| EUR	BULGARIAN ENERGY HOLDING EAD-REG-S 2.45000% 21-22.07.28 | 470 000.00 | 372 267.38 | 0.14 |
| EUR	CELANESE US HOLDINGS LLC 4.77700% 22-19.07.26 | 180 000.00 | 179 070.03 | 0.07 |
| EUR	CHILE GOVERNMENT INTERNATIONAL BOND 0.10000% 21-26.01.27 | 790 000.00 | 704 526.42 | 0.26 |
| EUR	CORP ANDINA DE FOMENTO-REG-S 0.25000% 21-04.02.26 | 630 000.00 | 583 707.77 | 0.22 |
| EUR	DEUTSCHE LUFTHANSA AG-REG-S 2.87500% 21-11.02.25 | 500 000.00 | 488 527.73 | 0.18 |
| EUR	DKT FINANCE APS-REG-S 7.00000% 18-17.06.23 | 800 000.00 | 801 929.31 | 0.30 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 3.37500% 20-27.03.25 | 300 000.00 | 309 050.06 | 0.11 |
| EUR	GTC AURORA LUXEMBOURG SA-REG-S 2.25000% 21-23.06.26 | 280 000.00 | 210 028.01 | 0.08 |
| EUR	MACIF-REG-S-SUB 0.62500% 21-21.06.27 | 300 000.00 | 256 301.92 | 0.10 |
| EUR	PHILIP MORRIS INTERNATIONAL INC 2.87500% 12-30.05.24 | 100 000.00 | 102 172.38 | 0.04 |
| EUR	TELE COLUMBUS AG-REG-S 3.87500% 18-02.05.25 | 150 000.00 | 120 550.91 | 0.04 |
| EUR	TRITAX EUROBOX PLC-REG-S 0.95000% 21-02.06.26 | 150 000.00 | 126 543.78 | 0.05 |
| Total EUR |  | 6 126 076.36 | 2.29 |
| GBP |  |  |  |
| GBP	ANGLIAN WATER SERVICES FINANCING PLC STEP-UP 98-21.08.23 | 100 000.00 | 120 859.44 | 0.05 |
| GBP	CITIGROUP INC 2.75000% 19-24.01.24 | 400 000.00 | 465 368.47 | 0.17 |
| GBP	CPUK FINANCE LTD-REG-S 4.50000% 21-28.08.27 | 110 000.00 | 108 718.16 | 0.04 |
| GBP	CREDIT AGRICOLE SA-REG-S 1.25000% 19-02.10.24 | 300 000.00 | 334 972.78 | 0.13 |
| GBP	GOLDMAN SACHS GROUP INC 7.12500% 08-07.08.25 | 200 000.00 | 248 656.58 | 0.09 |
| GBP	METLIFE INC 5.37500% 04-09.12.24 | 200 000.00 | 239 874.42 | 0.09 |
| Total GBP |  | 1 518 449.85 | 0.57 |
| USD |  |  |  |
| USD	ADOBE INC 1.70000% 20-01.02.23 | 150 000.00 | 149 210.41 | 0.06 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.50000% 20-15.09.23 | 150 000.00 | 148 142.78 | 0.06 |
| USD	AERCAP IRELAND CAP/ GLBL AVIATION TRUST 6.50000% 20-15.07.25 | 600 000.00 | 606 156.04 | 0.23 |
| USD	AMBER CIRCLE FUNDING LTD-REG-S 3.25000% 12-04.12.22 | 200 000.00 | 199 960.00 | 0.07 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 100 000.00 | 99 732.37 | 0.04 |
| USD	APTIV PLC 2.39600% 22-18.02.25 | 675 000.00 | 634 861.91 | 0.24 |
| USD	ARCELORMITTAL SA 6.55000% 22-29.11.27 | 1 100 000.00 | 1 109 482.41 | 0.41 |
| USD	BAT CAPITAL CORP 3.22200% 18-15.08.24 | 600 000.00 | 578 666.77 | 0.22 |
| USD	BERKSHIRE HATHAWAY ENERGY CO 2.80000% 18-15.01.23 | 100 000.00 | 99 721.63 | 0.04 |
| USD	BPCE SA-REG-S 4.00000% 18-12.09.23 | 1 640 000.00 | 1 611 516.48 | 0.60 |
| USD	BRAZIL, FEDERATIVE REPUBLIC OF 2.62500% 12-05.01.23 | 200 000.00 | 199 100.00 | 0.07 |
| USD	CANADIAN PACIFIC RAILWAY 1.75000% 21-02.12.26 | 765 000.00 | 683 652.21 | 0.26 |
| USD	CELANESE US HOLDINGS LLC 6.05000% 22-15.03.25 | 560 000.00 | 557 187.40 | 0.21 |
| USD	CELANESE US HOLDINGS LLC 6.16500% 22-15.07.27 | 450 000.00 | 440 437.09 | 0.16 |
| USD	CELANESE US HOLDINGS LLC 5.90000% 22-05.07.24 | 520 000.00 | 516 820.59 | 0.19 |
| USD	COSTA RICA, REPUBLIC OF-REG-S 4.25000% 12-26.01.23 | 700 000.00 | 697 068.75 | 0.26 |
| USD	CVS HEALTH CORP 2.62500% 19-15.08.24 | 90 000.00 | 86 929.81 | 0.03 |
| USD	DIAGEO CAPITAL PLC 2.12500% 19-24.10.24 | 200 000.00 | 190 320.58 | 0.07 |
| USD	EGYPT, REPUBLIC OF-REG-S 5.25000% 20-06.10.25 | 850 000.00 | 756 500.00 | 0.28 |
| USD	EQT CORP 3.90000% 17-01.10.27 | 290 000.00 | 268 456.38 | 0.10 |
| USD	FLOWSERVE CORP 3.50000% 20-01.10.30 | 300 000.00 | 251 095.51 | 0.09 |
| USD	GENERAL MOTORS CO 6.12500% 20-01.10.25 | 400 000.00 | 405 233.49 | 0.15 |
| USD	GHANA GOVT INTNL BOND-REG-S 6.37500% 20-11.02.27 | 900 000.00 | 342 000.00 | 0.13 |
| USD	GLENCORE FUNDING LLC-REG-S 4.12500% 19-12.03.24 | 600 000.00 | 590 301.25 | 0.22 |
| USD	GOLDMAN SACHS GROUP INC 3.50000% 20-01.04.25 | 450 000.00 | 435 456.59 | 0.16 |
| USD	IMPERIAL BRANDS FINANCE PLC-REG-S 3.12500% 19-26.07.24 | 1 000 000.00 | 953 719.37 | 0.36 |
| USD	KENYA, REPUBLIC OF-REG-S 6.87500% 14-24.06.24 | 800 000.00 | 738 000.00 | 0.28 |
| USD	MEITUAN DIANPING-REG-S 3.05000% 20-28.10.30 | 900 000.00 | 663 637.50 | 0.25 |
| USD	MPLX LP 1.75000% 20-01.03.26 | 200 000.00 | 178 523.38 | 0.07 |
| USD	NATIONAL BANK OF UZBEKISTAN-REG-S 4.85000% 20-21.10.25 | 333 000.00 | 297 473.06 | 0.11 |
| USD	NIGERIA, FEDERAL REPUBLIC OF-REG-S 7.62500% 18-21.11.25 | 800 000.00 | 736 000.00 | 0.27 |
| USD	OMAN GOVT INTERNATIONAL BOND-REG-S 4.12500% 18-17.01.23 | 200 000.00 | 199 250.00 | 0.07 |
| USD	ONCOR ELECTRIC DELIVERY CO 2.75000% 19-01.06.24 | 110 000.00 | 106 477.88 | 0.04 |
| USD	PEGASUS HAVA TASIMACILIGI AS-REG-S 9.25000% 21-30.04.26 | 265 000.00 | 248 984.06 | 0.09 |
| USD	PERTAMINA PT-REG-S 4.30000% 13-20.05.23 | 600 000.00 | 595 800.00 | 0.22 |
| USD	POSCO-REG-S 4.50000% 22-04.08.27 | 325 000.00 | 304 515.25 | 0.11 |
| USD	QATAR, STATE OF-REG-S 3.87500% 18-23.04.23 | 1 630 000.00 | 1 622 665.00 | 0.61 |
| USD	RAKUTEN GROUP INC-REG-S 10.25000% 22-30.11.24 | 840 000.00 | 824 625.68 | 0.31 |
| USD	RELIANCE INDUSTRIES LTD-REG-S 3.62500% 22-12.01.52 | 910 000.00 | 614 989.37 | 0.23 |
| USD	SANTOS FINANCE LTD-REG-S 3.64900% 21-29.04.31 | 320 000.00 | 255 713.86 | 0.10 |
| USD	SASOL FINANCING USA LLC 5.87500% 18-27.03.24 | 600 000.00 | 594 030.00 | 0.22 |
| USD	SAUDI ARABIAN OIL CO-REG-S 1.62500% 20-24.11.25 | 200 000.00 | 182 500.00 | 0.07 |
| USD	SHIMAO PRPTY HLDG LTD-REG-S *DEFAULTED* 3.45000% 21-11.01.31 | 200 000.00 | 21 000.00 | 0.01 |
| USD	SHIMAO PRPTY HLDG LTD-REG-S *DEFAULTED* 5.20000% 21-16.01.27 | 220 000.00 | 24 200.00 | 0.01 |
| USD	SPRINT CORP 7.87500% 14-15.09.23 | 350 000.00 | 357 574.00 | 0.13 |
| USD	UZBEK INDUSTRIAL AND CONS ATB-REG-S 5.75000% 19-02.12.24 | 500 000.00 | 453 687.50 | 0.17 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Semi-Annual Report as of 30 November 2022
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | VEB FINANCE PLC-REG-S LPN 5.94200% 13-21.11.23 | 600 000.00 | 28 875.00 | 0.01 |
| USD | VERIZON COMMUNICATIONS INC 1.45000% 21-20.03.26 | 640 000.00 | 578 902.46 | 0.22 |
| USD | VMWARE INC 1.00000% 21-15.08.24 | 240 000.00 | 223 470.72 | 0.08 |
| USD | WESTPAC BANKING CORP 2.00000% 20-13.01.23 | 75 000.00 | 74 791.38 | 0.03 |
| Total USD |  |  | 22 537 415.92 | 8.42 |
| Total Notes, fixed rate |  | 33 312 434.87 | 12.45 |
| Notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	BPCE SA-REG-S-SUB 1.500%/VAR 21-13.01.42 | 400 000.00 | 351 975.56 | 0.13 |
| EUR	BRITISH AMERICAN TOBACCO PLC-REG-S -SUB 3.750%/VAR 21-PRP | 435 000.00 | 339 526.20 | 0.13 |
| EUR	CREDIT SUISSE GROUP-REG-S 2.125%/VAR 22-13.10.26 | 595 000.00 | 522 384.92 | 0.19 |
| EUR	CREDIT SUISSE GROUP-REG-S 2.875%/VAR 22-02.04.32 | 375 000.00 | 274 475.61 | 0.10 |
| EUR	ORSTED AS-REG-S-SUB 5.250%/VAR 22-08.12.22 | 170 000.00 | 175 040.50 | 0.07 |
| EUR	RAKUTEN GROUP INC-REG-S-SUB 4.250%VAR 21-PRP | 440 000.00 | 265 395.48 | 0.10 |
| EUR	TELEFONICA EUROPE BV-REG-S-SUB 7.125%/VAR 22-PRP | 400 000.00 | 425 953.85 | 0.16 |
| EUR	WINTERSHALL DEA FINANCE 2BV-REG-S-SUB 2.498%/VAR 21-PRP | 300 000.00 | 254 838.38 | 0.09 |
| EUR	WINTERSHALL DEA FINANCE 2BV-REG-S-SUB 3.000%/VAR 21-PRP | 200 000.00 | 155 622.95 | 0.06 |
| Total EUR |  | 2 765 213.45 | 1.03 |
| GBP |  |  |  |
| GBP	M&G PLC-REG-S-SUB 3.875%/VAR 19-20.07.49 | 100 000.00 | 114 612.21 | 0.04 |
| Total GBP |  | 114 612.21 | 0.04 |
| USD |  |  |  |
| USD	ALLIANZ SE-REG-S-SUB 3.500%/VAR 20-PRP | 200 000.00 | 169 750.00 | 0.06 |
| USD	BARCLAYS PLC-SUB COCO 8.000% 22-PRP | 240 000.00 | 226 200.00 | 0.09 |
| USD	DEUTSCHE BANK AG-SUB 4.296%/VAR 13-24.05.28 | 300 000.00 | 279 000.00 | 0.10 |
| USD	PRUDENTIAL PLC-SUB-REG-S 2.950%/VAR 21-03.11.33 | 455 000.00 | 359 948.68 | 0.14 |
| USD	SOCIETE GENERALE SA-REG-S-SUB 9.375%/VAR 22-PRP | 400 000.00 | 410 500.00 | 0.15 |
| Total USD |  | 1 445 398.68 | 0.54 |
| Total Notes, floating rate |  | 4 325 224.34 | 1.61 |
| Medium term notes, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	AUSGRID FINANCE PTY LTD-REG-S 3.75000% 17-30.10.24 | 100 000.00 | 65 795.35 | 0.02 |
| AUD	CORPORACION ANDINA DE FOMENTO 4.50000% 15-05.06.25 | 550 000.00 | 362 577.92 | 0.14 |
| AUD	GENERAL MOTORS FINANCIAL CO INC 3.85000% 19-21.02.23 | 500 000.00 | 334 682.57 | 0.13 |
| AUD	LLOYDS BANKING GROUP 3.65000% 17-20.03.23 | 500 000.00 | 333 965.99 | 0.13 |
| AUD	VERIZON COMMUNICATIONS INC-REG-S 3.50000% 17-17.02.23 | 500 000.00 | 334 521.84 | 0.12 |
| AUD	WESTPAC BANKING CORP 3.25000% 18-16.11.23 | 500 000.00 | 332 271.65 | 0.12 |
| Total AUD |  | 1 763 815.32 | 0.66 |
| EUR |  |  |  |
| EUR	AEROPORTI DI ROMA SPA-REG-S 1.75000% 21-30.07.31 | 215 000.00 | 169 885.20 | 0.06 |
| EUR	AKELIUS RESIDENTIAL PROPERTY AB-REG-S 1.75000% 17-07.02.25 | 300 000.00 | 287 763.06 | 0.11 |
| EUR	BARCLAYS PLC-REG-S 1.87500% 16-08.12.23 | 500 000.00 | 508 420.37 | 0.19 |
| EUR	BAT INTERNATIONAL FINANCE PLC-REG-S 2.75000% 13-25.03.25 | 750 000.00 | 763 191.51 | 0.29 |
| EUR	BAT INTERNATIONAL FINANCE PLC-REG-S 0.87500% 15-13.10.23 | 100 000.00 | 100 745.08 | 0.04 |
| EUR	BNP PARIBAS-REG-S 1.12500% 18-22.11.23 | 100 000.00 | 101 303.76 | 0.04 |
| EUR	BPCE SA-REG-S 1.12500% 17-18.01.23 | 400 000.00 | 411 490.14 | 0.15 |
| EUR	CEZ AS 4.87500% 10-16.04.25 | 700 000.00 | 733 728.59 | 0.27 |
| EUR	COMMERZBANK AG-REG-S 0.50000% 18-28.08.23 | 30 000.00 | 30 426.15 | 0.01 |
| EUR	CPI PROPERTY GROUP SA-REG-S 2.75000% 20-12.05.26 | 200 000.00 | 165 448.28 | 0.06 |
| EUR	CTP NV-REG-S 0.87500% 22-20.01.26 | 845 000.00 | 713 021.64 | 0.27 |
| EUR	DEUTSCHE LUFTHANSA AG-REG-S 2.87500% 21-16.05.27 | 100 000.00 | 90 333.26 | 0.03 |
| EUR	DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 200 000.00 | 200 606.71 | 0.08 |
| EUR	E.ON SE-REG-S 0.87500% 22-08.01.25 | 180 000.00 | 177 289.30 | 0.07 |
| EUR	ENBW INTERNATIONAL FINANCE BV-REG-S 4.04900% 22-22.11.29 | 160 000.00 | 167 980.56 | 0.06 |
| EUR	FERROVIE DELLO STATO ITALIANE SPA-REG-S 3.75000% 22-14.04.27 | 745 000.00 | 750 704.22 | 0.28 |
| EUR	GENERAL MOTORS FINANCIAL CO INC-REG-S 0.95500% 16-07.09.23 | 950 000.00 | 960 871.54 | 0.36 |
| EUR	ICELAND, REPUBLIC OF-REG-S 0.50000% 17-20.12.22 | 830 000.00 | 854 043.74 | 0.32 |
| EUR	KREDITANSTALT FUER WIEDERAUFBAU-REG-S 0.01000% 20-31.03.25 | 280 000.00 | 272 807.49 | 0.10 |
| EUR	LOGICOR FINANCING SARL-REG-S 0.75000% 19-15.07.24 | 900 000.00 | 849 788.68 | 0.32 |
| EUR	ORANO SA-REG-S 5.37500% 22-15.05.27 | 500 000.00 | 532 432.01 | 0.20 |
| EUR	P3 GROUP SARL-REG-S 0.87500% 22-26.01.26 | 580 000.00 | 493 047.86 | 0.18 |
| EUR	PPF ARENA 1 BV-REG-S 2.12500% 19-31.01.25 | 850 000.00 | 821 190.26 | 0.31 |
| EUR	ROMANIA-REG-S 4.62500% 19-03.04.49 | 300 000.00 | 231 825.69 | 0.09 |
| EUR	SELP FINANCE SARL-REG-S 3.75000% 22-10.08.27 | 275 000.00 | 267 584.83 | 0.10 |
| EUR	TDC NET A/S-REG-S 5.05600% 22-31.05.28 | 290 000.00 | 292 178.63 | 0.11 |
| EUR	UNICAJA BANCO SA-REG-S 4.50000% 22-30.06.25 | 400 000.00 | 409 790.81 | 0.15 |
| EUR	UNICREDITO ITALIANO SPA 1.00000% 18-18.01.23 | 1 000 000.00 | 1 028 301.15 | 0.38 |
| EUR	VONOVIA SE-REG-S 1.62500% 21-01.09.51 | 200 000.00 | 114 828.22 | 0.04 |
| EUR	VONOVIA SE-REG-S 5.00000% 22-23.11.30 | 200 000.00 | 209 961.28 | 0.08 |
| EUR	WESTERN POWER DISTRIBUTION EAST-REG-S 3.94900% 22-20.09.32 | 125 000.00 | 131 169.43 | 0.05 |
| Total EUR |  | 12 842 159.45 | 4.80 |
| GBP |  |  |  |
| GBP	ABN AMRO BANK NV-REG-S 1.37500% 20-16.01.25 | 200 000.00 | 221 745.17 | 0.08 |
| GBP	BANCO SANTANDER SA-REG-S 1.37500% 19-31.07.24 | 200 000.00 | 224 629.94 | 0.08 |
| GBP	BANK OF AMERICA CORP-REG-S 2.30000% 16-25.07.25 | 300 000.00 | 334 779.85 | 0.13 |
| GBP	BANK OF MONTREAL-REG-S 1.50000% 19-18.12.24 | 300 000.00 | 332 732.69 | 0.12 |
| GBP	BANQUE FEDER DU CREDIT MUTUE-REG-S 2.25000% 19-18.12.23 | 200 000.00 | 231 525.72 | 0.09 |
| GBP	BANQUE FEDER DU CREDIT MUTUE-REG-S 1.75000% 19-19.12.24 | 300 000.00 | 334 540.49 | 0.13 |
| GBP	BANQUE FEDER DU CREDIT MUTUEL-REG-S 1.87500% 18-13.12.22 | 100 000.00 | 119 002.59 | 0.05 |
| GBP	BNP PARIBAS-REG-S 3.37500% 19-23.01.26 | 400 000.00 | 448 207.13 | 0.17 |
| GBP	CHINA DEVELOPMENT BANK-REG-S 1.25000% 20-21.01.23 | 100 000.00 | 118 628.53 | 0.04 |
| GBP	ELECTRICITE DE FRANCE 6.87500% 08-12.12.22 | 200 000.00 | 238 294.33 | 0.09 |
| GBP	FIRST ABU DHABI BANK PJSC-REG-S 0.87500% 21-09.12.25 | 300 000.00 | 313 504.42 | 0.12 |
| GBP	FORD MOTOR CREDIT CO LLC 2.74800% 20-14.06.24 | 400 000.00 | 449 564.75 | 0.17 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Semi-Annual Report as of 30 November 2022
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Unrealized gain | of net |
|  |  |  | (loss) on Futures/ | assets |
|  |  |  | Forward |  |
|  |  |  | Exchange Contracts/ |  |
|  |  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| GBP | INTL BK FOR RECONSTR & DEVT WORLD BANK 1.00000% 18-19.12.22 | 300 000.00 | 356 918.45 | 0.13 |
| GBP | LANDESBANK BADEN-WUERTTEMBERG-REG-S 1.12500% 20-08.12.25 | 300 000.00 | 315 890.99 | 0.12 |
| GBP | LLOYDS BANK PLC 7.50000% 09-15.04.24 | 400 000.00 | 492 339.97 | 0.18 |
| GBP | METROPOLITAN LIFE GLOBAL FUNDING-REG-S 2.87500% 13-11.01.23 | 100 000.00 | 118 935.90 | 0.05 |
| GBP | METROPOLITAN LIFE GLOBAL FUNDING-REG-S 2.62500% 15-05.12.22 | 400 000.00 | 476 276.16 | 0.18 |
| GBP | NEW YORK LIFE GLOBAL FUNDING-REG-S 1.75000% 18-15.12.22 | 400 000.00 | 475 894.12 | 0.18 |
| GBP | RABOBANK NEDERLAND NV 4.87500% 06-10.01.23 | 300 000.00 | 357 427.91 | 0.13 |
| GBP | RABOBANK NEDERLAND NV-REG-S 1.25000% 20-14.01.25 | 300 000.00 | 328 838.45 | 0.12 |
| GBP | ROYAL BANK OF CANADA-REG-S 1.37500% 19-09.12.24 | 300 000.00 | 332 336.84 | 0.12 |
| GBP | ROYAL BANK OF CANADA-REG-S 1.12500% 20-15.12.25 | 200 000.00 | 213 143.47 | 0.08 |
| GBP | SANTANDER UK PLC-REG-S 5.75000% 11-02.03.26 | 300 000.00 | 372 801.24 | 0.14 |
| GBP | SPAREBANKEN 1 BOLIGKREDITT-REG-S 1.75000% 18-18.12.23 | 400 000.00 | 463 790.70 | 0.17 |
| GBP | WESTPAC BANKING CORP-REG-S 2.12500% 17-02.05.25 | 200 000.00 | 223 031.76 | 0.08 |
| Total GBP |  |  | 7 894 781.57 | 2.95 |
| USD |  |  |  |  |
| USD | BP CAPITAL MARKETS PLC-REG-S 3.64300% 18-14.05.23 | 980 000.00 | 969 877.44 | 0.36 |
| USD | CREDIT AGRICOLE SA LONDON-REG-S 3.87500% 14-15.04.24 | 870 000.00 | 855 440.77 | 0.32 |
| USD | GC TREASURY CENTER CO LTD-REG-S 4.40000% 22-30.03.32 | 470 000.00 | 415 959.40 | 0.16 |
| USD | INDONESIA, REPUBLIC OF-REG-S 4.12500% 15-15.01.25 | 800 000.00 | 789 650.00 | 0.29 |
| USD | KAZAKHSTAN, REPUBLIC OF-REG-S 5.12500% 15-21.07.25 | 600 000.00 | 620 175.00 | 0.23 |
| USD | MDGH - GMTN BV-REG-S 2.50000% 19-07.11.24 | 1 460 000.00 | 1 390 923.75 | 0.52 |
| USD | MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 1 000 000.00 | 935 500.00 | 0.35 |
| USD | QNB FINANCE LTD-REG-S 3.50000% 19-28.03.24 | 1 500 000.00 | 1 464 656.24 | 0.55 |
| USD | SAUDI ARABIAN OIL CO-REG-S 2.87500% 19-16.04.24 | 200 000.00 | 193 500.00 | 0.07 |
| Total USD |  |  | 7 635 682.60 | 2.85 |
| Total Medium term notes, fixed rate |  | 30 136 438.94 | 11.26 |
| Medium term notes, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.00000% 20-11.02.24 | 300 000.00 | 300 468.34 | 0.11 |
| EUR	POLAND, REPUBLIC OF-REG-S 0.00000% 20-10.02.25 | 550 000.00 | 528 364.90 | 0.20 |
| EUR	SIEMENS FINANCIERINGSMAATSCH NV-REG-S 0.00000% 20-20.02.23 | 100 000.00 | 102 493.83 | 0.04 |
| Total EUR |  | 931 327.07 | 0.35 |
| Total Medium term notes, zero coupon |  | 931 327.07 | 0.35 |
| Medium term notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	AXA SA-REG-S-SUB 3.375%/VAR 16-06.07.47 | 300 000.00 | 289 741.04 | 0.11 |
| EUR	BANCO DE SABADELL SA-REG-S 2.625%/VAR 22-24.03.26 | 200 000.00 | 193 681.70 | 0.07 |
| EUR	BARCLAYS PLC-REG-S 3.375%/VAR 20-02.04.25 | 300 000.00 | 305 651.60 | 0.12 |
| EUR	CREDIT AGRICOLE SA-REG-S 1.000%/VAR 20-22.04.26 | 300 000.00 | 288 995.99 | 0.11 |
| EUR	CREDIT SUISSE GROUP AG-REG-S 0.650%/VAR 20-14.01.28 | 150 000.00 | 115 323.17 | 0.04 |
| EUR	DEUTSCHE BANK AG-REG-S 1.000%/VAR 20-19.11.25 | 400 000.00 | 383 153.36 | 0.14 |
| EUR	TOTAL SE-REG-S-SUB 2.625%/VAR 15-PRP | 600 000.00 | 584 549.19 | 0.22 |
| EUR	VIRGIN MONEY UK PLC-REG-S 0.000%/VAR 21-27.05.24 | 240 000.00 | 241 205.98 | 0.09 |
| Total EUR |  | 2 402 302.03 | 0.90 |
| Total Medium term notes, floating rate |  | 2 402 302.03 | 0.90 |
| Bonds, fixed rate |  |  |  |
| CAD |  |  |  |
| CAD	CANADA GOVERNMENT 0.25000% 21-01.05.23 | 1 060 000.00 | 769 189.23 | 0.29 |
| CAD	CANADA, GOVERNMENT 2.25000% 18-01.06.29 | 500 000.00 | 353 171.79 | 0.13 |
| Total CAD |  | 1 122 361.02 | 0.42 |
| CNY |  |  |  |
| CNY	CHINA DEVELOPMENT BANK CORP 3.80000% 16-25.01.36 | 5 000 000.00 | 740 025.40 | 0.28 |
| Total CNY |  | 740 025.40 | 0.28 |
| EUR |  |  |  |
| EUR	ABBVIE INC 1.37500% 16-17.05.24 | 700 000.00 | 703 115.24 | 0.26 |
| EUR	ADO PROPERTIES SA-REG-S 1.50000% 17-26.07.24 | 200 000.00 | 142 157.60 | 0.05 |
| EUR	AUTOSTRADE PER L’ITALIA SPA REG-S 2.00000% 21-15.01.30 | 605 000.00 | 509 453.40 | 0.19 |
| EUR	BELGIUM, KINGDOM OF-144A-REG-S 2.60000% 14-22.06.24 | 2 500 000.00 | 2 588 190.02 | 0.97 |
| EUR	FINNAIR OYJ-REG-S 4.25000% 21-19.05.25 | 285 000.00 | 220 821.32 | 0.08 |
| EUR	FRANCE, REPUBLIC OF-OAT 1.75000% 13-25.05.23 | 5 840 000.00 | 6 007 174.12 | 2.24 |
| EUR	FRANCE, REPUBLIC OF-OAT 1.75000% 14-25.11.24 | 4 565 000.00 | 4 653 348.73 | 1.74 |
| EUR	FRANCE, REPUBLIC OF-OAT 0.50000% 15-25.05.25 | 2 220 000.00 | 2 191 555.66 | 0.82 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.25000% 18-15.08.28 | 480 000.00 | 450 369.90 | 0.17 |
| EUR	GERMANY, REPUBLIC OF 6.25000% 94-04.01.24 | 1 000 000.00 | 1 076 973.64 | 0.40 |
| EUR	IMPERIAL BRANDS FINANCE PLC-REG-S 1.37500% 17-27.01.25 | 600 000.00 | 589 898.02 | 0.22 |
| EUR	ITALY, REPUBLIC OF-BTP-144A-REG-S 3.250% 14-01.09.46 | 100 000.00 | 93 263.64 | 0.04 |
| EUR	ITALY, REPUBLIC OF-BTP 1.60000% 16-01.06.26 | 530 000.00 | 519 336.84 | 0.19 |
| EUR	ITALY, REPUBLIC OF-BTP-REG-S 0.65000% 16-15.10.23 | 10 440 000.00 | 10 583 745.01 | 3.95 |
| EUR	ITALY, REPUBLIC OF-BTP 0.35000% 19-01.02.25 | 3 630 000.00 | 3 551 682.43 | 1.33 |
| EUR	LANDESBANK BADEN-WUERTTEMBERG-REG-S-SUB 2.87500% 16-28.09.26 | 800 000.00 | 771 043.10 | 0.29 |
| EUR	MAPFRE SA-REG-S-SUB 2.87500% 22-13.04.30 | 300 000.00 | 260 362.99 | 0.10 |
| EUR	MPT OPERATING PARTNERSHIP LP/FIN CORP 3.32500% 17-24.03.25 | 300 000.00 | 276 368.36 | 0.10 |
| EUR	PERU, REPUBLIC OF 2.75000% 15-30.01.26 | 400 000.00 | 402 670.38 | 0.15 |
| EUR	PORTUGAL, REPUBLIC OF-144A-REG-S 5.65000% 13-15.02.24 | 1 500 000.00 | 1 606 918.13 | 0.60 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 1.00000% 18-06.03.28 | 6 100 000.00 | 5 767 768.58 | 2.16 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 0.48750% 20-20.10.50 | 560 000.00 | 287 460.16 | 0.11 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 4.40000% 13-31.10.23 | 1 030 000.00 | 1 079 372.04 | 0.40 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 2.15000%15-31.10.25 | 670 000.00 | 686 692.12 | 0.26 |
| EUR	SPAIN, KINGDOM OF-REG-S 5.40000% 13-31.01.23 | 500 000.00 | 517 919.09 | 0.19 |
| EUR	SPAIN, KINGDOM OF-REG-S 1.60000% 15-30.04.25 | 1 690 000.00 | 1 711 831.74 | 0.64 |
| EUR	WINTERSHALL DEA FINANCE BV-REG-S 0.45200% 19-25.09.23 | 500 000.00 | 500 694.08 | 0.19 |
| Total EUR |  | 47 750 186.34 | 17.84 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Semi-Annual Report as of 30 November 2022
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Unrealized gain | of net |
|  |  |  | (loss) on Futures/ | assets |
|  |  |  | Forward |  |
|  |  |  | Exchange Contracts/ |  |
|  |  |  | Swaps (Note 1) |  |
| GBP |  |  |  |  |
| GBP | BANQUE FEDER DU CREDIT MUTUEL-REG-S 1.25000% 20-05.12.25 | 200 000.00 | 214 015.15 | 0.08 |
| GBP | BELLIS ACQUISITION CO PLC-REG-S 3.25000% 21-16.02.26 | 315 000.00 | 304 985.04 | 0.11 |
| GBP | BERKELEY GROUP PLC/THE-REG-S 2.50000% 21-11.08.31 | 185 000.00 | 146 896.91 | 0.06 |
| GBP | BUPA FINANCE PLC-REG-S-SUB 5.00000% 13-25.04.23 | 32 000.00 | 38 045.92 | 0.01 |
| GBP | BUPA FINANCE PLC-REG-S 2.00000% 17-05.04.24 | 200 000.00 | 228 725.20 | 0.09 |
| GBP | CE ELECTRIC UK FUNDING COMPANY 7.25000% 97-15.12.22 | 200 000.00 | 238 425.33 | 0.09 |
| GBP | JAGUAR LAND ROVER AUTOMOTIVE PLC-REG-S 3.87500% 15-01.03.23 | 300 000.00 | 353 250.71 | 0.13 |
| GBP | NATIONAL WESTMINSTER BANK PLC-REG-S 5.12500% 12-13.01.24 | 400 000.00 | 480 020.35 | 0.18 |
| GBP | NETWORK RAIL INFRASTRUCTURE FINANCE 3.00000% 13-07.09.23 | 300 000.00 | 354 857.71 | 0.13 |
| GBP | SCOTTISH WIDOWS PLC-REG-S-SUB 5.50000% 13-16.06.23 | 100 000.00 | 119 090.00 | 0.04 |
| GBP | UNITED KINGDOM OF GRT BRI & N IRL-REG-S 1.00000% 18-22.04.24 | 3 000 000.00 | 3 463 868.41 | 1.29 |
| GBP | UNITED KINGDOM OF GREAT BRITAIN-REG-S 0.87500% 19-22.10.29 | 800 000.00 | 817 195.58 | 0.31 |
| GBP | UNITED KINGDOM OF GREAT BRITAIN-REG-S 0.62500% 19-07.06.25 | 395 000.00 | 441 452.04 | 0.17 |
| GBP | UNITED KINGDOM OF GREAT BRITAIN-REG-S 0.12500% 20-31.01.24 | 2 500 000.00 | 2 868 639.92 | 1.07 |
| GBP | YORKSHIRE WATER SERVICES FINANCE PLC 6.58760% 09-21.02.23 | 200 000.00 | 239 267.31 | 0.09 |
| Total GBP |  |  | 10 308 735.58 | 3.85 |
| JPY |  |  |  |  |
| JPY | JAPAN 0.50000% 14-20.09.24 | 336 000 000.00 | 2 430 449.77 | 0.91 |
| Total JPY |  |  | 2 430 449.77 | 0.91 |
| MXN |  |  |  |  |
| MXN | MEXICO, UNITED MEXICAN STATES 7.75000% 11-13.11.42 | 916 000.00 | 4 080 026.23 | 1.52 |
| Total MXN |  | 4 080 026.23 | 1.52 |
| NZD |  |  |  |  |
| NZD | NEW ZEALAND GOVERNMENT BOND 0.50000% 21-15.05.20 | 4 600 000.00 | 2 498 556.11 | 0.93 |
| NZD | NEW ZEALAND-REG-S 2.75000% 16-15.04.37 | 2 700 000.00 | 1 413 283.24 | 0.53 |
| Total NZD |  |  | 3 911 839.35 | 1.46 |
| USD |  |  |  |  |
| USD | CHINA, PEOPLE’S REPUBLIC OF-REG-S 1.87500% 19-03.12.22 | 400 000.00 | 399 920.00 | 0.15 |
| USD | COLOMBIA, REPUBLIC OF 4.00000% 13-26.02.24 | 1 050 000.00 | 1 017 384.38 | 0.38 |
| USD | COUNTRY GARDEN HOLDINGS CO LTD-REG-S 2.70000% 21-12.07.26 | 200 000.00 | 89 000.00 | 0.03 |
| USD | IDB TRUST SERVICES LTD-REG-S 2.84300% 19-25.04.24 | 1 700 000.00 | 1 652 712.80 | 0.62 |
| USD | JAPAN BANK FOR INTL COOPERATION 0.62500% 20-22.05.23 | 200 000.00 | 196 251.88 | 0.07 |
| USD | KAZAKHSTAN, REPUBLIC OF-REG-S 3.87500% 14-14.10.24 | 200 000.00 | 200 662.50 | 0.08 |
| USD | PACIFIC GAS AND ELECTRIC CO 1.70000% 21-15.11.23 | 900 000.00 | 863 013.76 | 0.32 |
| USD | PERU, REPUBLIC OF 2.78300% 20-23.01.31 | 440 000.00 | 371 800.00 | 0.14 |
| USD | TURKEY, REPUBLIC OF 6.37500% 20-14.10.25 | 850 000.00 | 811 750.00 | 0.30 |
| Total USD |  |  | 5 602 495.32 | 2.09 |
| Total Bonds, fixed rate |  | 75 946 119.01 | 28.37 |
| Bonds, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 18-25.03.24 | 3 120 000.00 | 3 119 698.65 | 1.17 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 18-14.04.23 | 8 586 000.00 | 8 787 531.45 | 3.28 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 20-11.04.25 | 2 210 000.00 | 2 169 464.21 | 0.81 |
| Total EUR |  | 14 076 694.31 | 5.26 |
| Total Bonds, zero coupon |  | 14 076 694.31 | 5.26 |
| Bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	ABANCA CORP BANCARIA SA-REG-S-SUB 6.125%/VAR 19-18.01.29 | 400 000.00 | 406 526.42 | 0.15 |
| EUR	BANCO DE CREDITO SOCIAL-REG-S 8.000%/VAR 22-22.09.26 | 500 000.00 | 520 823.74 | 0.19 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 3.250%/VAR 20-PRP | 300 000.00 | 284 183.40 | 0.11 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 4.000%/VAR 18-PRP | 300 000.00 | 289 202.95 | 0.11 |
| EUR	HOLCIM FINANCE LUXEMBOURG SA-REG-S-SUB 3.000%/VAR 19-PRP | 350 000.00 | 345 972.97 | 0.13 |
| EUR	ITALY, REPUBLIC OF-144A-REG-S 1.300%/CPI LINKED 17-15.05.28 | 2 335 000.00 | 2 879 108.91 | 1.08 |
| EUR	SES SA-REG-S-SUB 2.875%/VAR 21-PRP | 895 000.00 | 736 400.02 | 0.27 |
| EUR	UBS GROUP AG-REG-S 1.250%/VAR 18-17.04.25 | 400 000.00 | 396 089.88 | 0.15 |
| EUR	VOLKSWAGEN INTL FINANCE NV-REG-S-SUB 3.375%/VAR 18-PRP | 400 000.00 | 390 237.35 | 0.15 |
| Total EUR |  | 6 248 545.64 | 2.34 |
| NZD |  |  |  |
| NZD	NEW ZEALAND 2.000%/CPI LINKED 12-20.09.25 | 2 560 000.00 | 1 952 857.65 | 0.73 |
| NZD	NEW ZEALAND-REG-S 2.500%/CPI LINKED 14-20.09.35 | 1 850 000.00 | 1 406 648.65 | 0.52 |
| Total NZD |  | 3 359 506.30 | 1.25 |
| USD |  |  |  |
| USD	CREDIT SUISSE GROUP AG-REG-S-SUB 7.500%/VAR 18-PRP | 700 000.00 | 542 360.00 | 0.20 |
| Total USD |  | 542 360.00 | 0.20 |
| Total Bonds, floating rate |  | 10 150 411.94 | 3.79 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 2.87500% 19-15.05.49 | 1 525 000.00 | 1 263 784.18 | 0.47 |
| USD	AMERICA, UNITED STATES OF 2.00000% 13-15.02.23 | 1 500 000.00 | 1 492 761.85 | 0.56 |
| USD	AMERICA, UNITED STATES OF 1.50000% 19-30.09.24 | 3 840 000.00 | 3 642 749.99 | 1.36 |
| USD	AMERICA, UNITED STATES OF 1.62500% 19-30.11.26 | 2 600 000.00 | 2 378 492.19 | 0.89 |
| USD	AMERICA, UNITED STATES OF 0.50000% 20-31.03.25 | 5 370 000.00 | 4 933 897.25 | 1.84 |
| USD	AMERICA, UNITED STATES OF 0.12500% 20-15.10.23 | 10 855 000.00 | 10 425 888.28 | 3.89 |
| USD	AMERICA, UNITED STATES OF 0.12500% 20-15.12.23 | 4 410 000.00 | 4 204 487.12 | 1.57 |
| USD	AMERICA, UNITED STATES OF TB 0.12500% 21-31.01.23 | 3 000 000.00 | 2 979 788.67 | 1.11 |
| USD	AMERICA, UNITED STATES OF 0.12500% 21-28.02.23 | 8 000 000.00 | 7 916 173.44 | 2.96 |
| USD	AMERICA, UNITED STATES OF 0.12500% 21-31.05.23 | 6 500 000.00 | 6 357 304.72 | 2.38 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Semi-Annual Report as of 30 November 2022
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | AMERICA, UNITED STATES OF TB 0.25000% 21-30.09.23 | 5 000 000.00 | 4 817 578.10 | 1.80 |
| USD | AMERICA, UNITED STATES OF 1.50000% 22-29.02.24 | 3 500 000.00 | 3 367 929.67 | 1.26 |
| USD | AMERICA, UNITED STATES OF 1.87500% 22-28.02.29 | 1 500 000.00 | 1 342 207.03 | 0.50 |
| USD | AMERICA, UNITED STATES OF 0.125%/CPI LINKED 22-15.04.27 | 10 900 000.00 | 10 796 872.22 | 4.03 |
| USD | AMERICA, UNITED STATES OF 2.87500% 22-15.06.25 | 4 500 000.00 | 4 360 781.25 | 1.63 |
| Total USD |  |  | 70 280 695.96 | 26.25 |
| Total Treasury notes, fixed rate |  | 70 280 695.96 | 26.25 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 15-15.02.45 | 2 450 000.00 | 2 581 741.40 | 0.97 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 18-15.04.23 | 1 000 000.00 | 1 186 378.18 | 0.44 |
| Total USD |  | 3 768 119.58 | 1.41 |
| Total Treasury notes, floating rate |  | 3 768 119.58 | 1.41 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 245 329 768.05 | 91.65 |
| Transferable securities and money market instruments traded on another regulated market |  |  |
| Asset Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	COLT MERGER SUB INC-144A 3.60000% 18-25.02.48 | 1 000 000.00 | 309 927.46 | 0.12 |
| USD	CPS AUTO RECEIVABLES TRUST-144A 4.34000% 18-16.09.24 | 900 000.00 | 32 885.50 | 0.01 |
| Total USD |  | 342 812.96 | 0.13 |
| Total Asset Backed Securities, fixed rate |  | 342 812.96 | 0.13 |
| Mortgage Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BENCHMARK MORTGAGE TRUST 4.44100% 18-01.10.51 | 300 000.00 | 279 381.69 | 0.10 |
| USD	CITIGROUP COMMERCIAL MORTGAGE TRUST 3.96300% 18-01.06.51 | 200 000.00 | 131 344.44 | 0.05 |
| USD	COMM 2015-CCRE22 MORTGAGE TRUST 3.92600% 15-01.03.48 | 300 000.00 | 279 043.35 | 0.10 |
| USD	MSBAM LYNCH TRUST-SUB 3.99400% 16-01.12.49 | 100 000.00 | 92 193.01 | 0.04 |
| Total USD |  | 781 962.49 | 0.29 |
| Total Mortgage Backed Securities, fixed rate |  | 781 962.49 | 0.29 |
| Mortgage Backed Securities, floating rate |  |  |  |
| USD |  |  |  |
| USD	AVENTURA MALL TRUST-144A FLR 18-01.07.40 | 200 000.00 | 179 952.40 | 0.07 |
| USD	BAMLL COMMERCIAL MORT SET-144A 1M LIBOR+135BP 18-15.09.34 | 175 000.00 | 166 185.61 | 0.06 |
| USD	BANK 2017-BNK9 VAR 17-01.11.54 | 150 000.00 | 135 515.82 | 0.05 |
| USD	BBCMS TRUST CBM-144A 1M LIBOR+119.1098BP 18-15.07.37 | 200 000.00 | 189 709.62 | 0.07 |
| USD	BENCHMARK MORTGAGE TRUST VAR 18-01.02.51 | 100 000.00 | 91 602.19 | 0.04 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+175BP 19-15.12.37 | 140 000.00 | 134 383.21 | 0.05 |
| USD	CORE TRUST CORE-144A 1M LIBOR+110BP 19-15.12.31 | 100 000.00 | 18 230.09 | 0.01 |
| USD	GS MORTGAGE SECURITIES TRUST-144A VAR 17-01.01.43 | 1 275 000.00 | 1 127 690.45 | 0.42 |
| USD	JPMCC COMMERCIAL MORTGAGE SEC TRUST VAR 17-01.09.50 | 300 000.00 | 247 948.68 | 0.09 |
| Total USD |  | 2 291 218.07 | 0.86 |
| Total Mortgage Backed Securities, floating rate |  | 2 291 218.07 | 0.86 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AKER BP ASA-144A 3.00000% 20-15.01.25 | 300 000.00 | 283 850.41 | 0.11 |
| USD	AVOLON HOLDINGS FUNDING LTD-144A 2.12500% 21-21.02.26 | 170 000.00 | 144 867.20 | 0.05 |
| USD	BROADCOM INC-144A 1.95000% 21-15.02.28 | 200 000.00 | 169 041.00 | 0.06 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 4.00000% 17-01.03.23 | 100 000.00 | 99 436.36 | 0.04 |
| USD	PLAINS ALL AMERICAN PIPELINE LP 3.60000% 14-01.11.24 | 200 000.00 | 192 929.23 | 0.07 |
| USD	TRITON CONTAINER INTERNATIONAL LTD-144A 2.05000% 21-15.04.26 | 190 000.00 | 163 951.00 | 0.06 |
| Total USD |  | 1 054 075.20 | 0.39 |
| Total Notes, fixed rate |  | 1 054 075.20 | 0.39 |
| Medium term notes, floating rate |  |  |  |
| AUD |  |  |  |
| AUD	NATIONAL AUSTRALIA BANK-SUB 6.322%/VAR 22-03.08.32 | 390 000.00 | 264 387.72 | 0.10 |
| Total AUD |  | 264 387.72 | 0.10 |
| Total Medium term notes, floating rate |  | 264 387.72 | 0.10 |
| Bonds, fixed rate |  |  |  |
| CAD |  |  |  |
| CAD	ALBERTA, PROVINCE OF 3.40000% 13-01.12.23	580 000.00 | 423 785.90 | 0.16 |
| Total CAD | 423 785.90 | 0.16 |
| RUB |  |  |  |  |
| RUB | RUSSIA, FEDERATION OF 7.65000% 19-10.04.30	169 000 000.00 | 1 137 766.83 | 0.43 |
| Total RUB |  |  | 1 137 766.83 | 0.43 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Semi-Annual Report as of 30 November 2022
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| USD |  |  |  |  |
| USD | FIVE CORNERS FUNDING TRUST-144A 4.41900% 13-15.11.23 | 100 000.00 | 99 032.92 | 0.04 |
| Total USD |  |  | 99 032.92 | 0.04 |
| Total Bonds, fixed rate |  | 1 660 585.65 | 0.63 |
| Bonds, floating rate |  |  |  |
| NZD |  |  |  |
| NZD	NEW ZEALAND 2.500%/CPI LINKED 17-20.09.40 | 500 000.00 | 376 203.38 | 0.14 |
| NZD	NEW ZEALAND 3.000%/CPI LINKED 13-20.09.30 | 5 960 000.00 | 4 775 931.55 | 1.78 |
| Total NZD |  | 5 152 134.93 | 1.92 |
| Total Bonds, floating rate |  | 5 152 134.93 | 1.92 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 11 547 177.02 | 4.32 |

Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market
Notes, fixed rate
| USD |  |
| --- | --- |
| USD | VISTRA OPERATIONS CO LLC-144A 5.12500% 22-13.05.25 | 365 000.00 | 355 553.19 | 0.13 |
| Total USD |  |  | 355 553.19 | 0.13 |
| Total Notes, fixed rate |  | 355 553.19 | 0.13 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market |  | 355 553.19 | 0.13 |
| Recently issued transferable securities and money market instruments |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ENEL FINANCE INTERNATIONAL NV-144A 6.80000% 22-14.10.25 | 295 000.00 | 305 478.61 | 0.11 |
| Total USD |  | 305 478.61 | 0.11 |
| Total Notes, fixed rate |  | 305 478.61 | 0.11 |
| Total Recently issued transferable securities and money market instruments |  | 305 478.61 | 0.11 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 | December 2010 |  |  |
| Investment funds, open end |  |  |  |
| Luxembourg |  |  |  |
| EUR	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 100.00 | 13 677.87 | 0.00 |
| USD	UBS (LUX) BOND SICAV - ASIAN HIGH YIELD (USD) I-X-DIST | 50 000.00 | 2 468 000.00 | 0.92 |
| USD	UBS (LUX) BOND SICAV - CHINA HIGH YIELD (USD) U-X-ACC | 320.00 | 1 406 019.20 | 0.53 |
| Total Luxembourg |  | 3 887 697.07 | 1.45 |
| Total Investment funds, open end |  | 3 887 697.07 | 1.45 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  | 3 887 697.07 | 1.45 |
| Total investments in securities |  | 261 425 673.94 | 97.66 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange |
| Financial Futures on bonds |
|  |  |  |  |
| EUR	EURO BTP ITALY GOVERNMENT FUTURE 08.12.22 | -31.00 | -87 242.24 | -0.03 |
| EUR	EURO-BUND FUTURE 08.12.22 | 34.00 | 2 388.79 | 0.00 |
| EUR	EURO-BOBL FUTURE 08.12.22 | -140.00 | 383 441.66 | 0.14 |
| EUR	EURO-SCHATZ FUTURE 08.12.22 | -50.00 | 67 956.90 | 0.03 |
| EUR	EURO-BUXL FUTURE 08.12.22 | -5.00 | 2 841.83 | 0.00 |
| EUR	EURO-OAT FUTURE 08.12.22 | -8.00 | 12 685.29 | 0.01 |
| GBP	LONG GILT FUTURE 29.03.23 | 10.00 | -10 241.74 | 0.00 |
| JPY	JAPAN GOVERNMENT 10Y BOND (OSE) FUTURE 13.12.22 | -26.00 | -15 407.77 | -0.01 |
| AUD	AUSTRALIA 3YR BOND FUTURE 15.12.22 | -215.00 | -8 449.55 | 0.00 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 22.03.23 | -12.00 | 12 000.00 | 0.01 |
| USD	US 10YR ULTRA NOTE FUTURE 22.03.23 | -66.00 | -15 468.75 | -0.01 |
| USD	US 10YR TREASURY NOTE FUTURE 22.03.23 | -53.00 | -21 117.16 | -0.01 |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.23 | 325.00 | 144 727.05 | 0.05 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.23 | -43.00 | -17 132.83 | -0.01 |
| USD	US LONG BOND FUTURE 22.03.23 | 41.00 | -14 093.75 | -0.01 |
| CAD	CAN 10YR BOND FUTURE 22.03.23 | -293.00 | 16 721.99 | 0.01 |
| Total Financial Futures on bonds |  | 453 609.72 | 0.17 |
| Total Derivative instruments listed on an official stock exchange |  | 453 609.72 | 0.17 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Semi-Annual Report as of 30 November 2022
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |

Derivative instruments not listed on an official stock exchange and not traded on another regulated market
Swaps and forward swaps on interest rates
| PLN PLN | LCH/INTEREST RATE SWAP PAY 2.11600% 20-23.01.30 LCH/INTEREST RATE SWAP REC 6MWIB 20-23.01.30 | -6 500 000.00 | 307 633.02 | 0.12 |
| --- | --- | --- | --- | --- |
| PLN | LCH/INTEREST RATE SWAP PAY 1.91900% 20-10.02.30 | -6 000 000.00 | 299 513.55 | 0.11 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIB 20-10.02.30 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAY 1.17250% 20-07.12.30 | -22 000 000.00 | 1 491 690.80 | 0.56 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIB 20-07.12.30 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAY 1.15700% 20-17.12.30 | -23 000 000.00 | 1 563 578.95 | 0.58 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIB 20-17.12.30 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAY 1.58300% 24-24.09.29 | -2 500 000.00 | 163 446.28 | 0.06 |
| NZD | LCH/INTEREST RATE SWAP REC 3MFRA 24-24.09.29 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP PAY 2.80500% 21-02.04.26 | -85 000 000.00 | -80 177.59 | -0.03 |
| CNY | CITI/INTEREST RATE SWAP REC CNRR007 21-02.04.26 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAY 1.82280% 21-29.10.51 | -1 500 000.00 | 440 613.04 | 0.16 |
| USD | LCH/INTEREST RATE SWAP REC 3M LIBOR 21-29.10.51 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAY 3.79250% 22-17.01.32 | -8 000 000.00 | 228 690.94 | 0.09 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIB 22-17.01.32 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAY 3.86400% 22-19.01.32 | -8 000 000.00 | 218 904.22 | 0.08 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIB 22-19.01.32 |  |  |  |
| KRW | JPMORGAN/INTEREST RATE SWAP PAY 2.15900% 22-25.01.32 | -3 900 000 000.00 | 302 445.86 | 0.11 |
| KRW | JPMORGAN/INTEREST RATE SWAP REC 3MKWCD 22-25.01.32 |  |  |  |
| INR | MORGAN STANLEY/INTEREST RATE SWAP PAY 6.34900% 22-28.11.27 | -300 000 000.00 | -2 267.05 | 0.00 |
| INR | MORGAN STANLEY/INTEREST RATE SWAP REC O/N MIBOR 22-28.11.27 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 3.15750% 19-30.10.24 | 7 000 000.00 | 14 270.08 | 0.01 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAY CNRR007 19-30.10.24 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.87250% 20-04.12.25 | 90 000 000.00 | 134 702.33 | 0.05 |
| CNY | CITI/INTEREST RATE SWAP PAY CNRR007 20-04.12.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.78750% 20-17.12.25 | 60 000 000.00 | 63 242.78 | 0.02 |
| CNY | CITI/INTEREST RATE SWAP PAY CNRR007 20-17.12.25 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.92500% 19-21.11.29 | 50 000 000.00 | -226 586.81 | -0.08 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 19-21.11.29 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP REC 1.32000% 21-22.06.26 | 8 000 000.00 | -553 901.70 | -0.21 |
| NZD | LCH/INTEREST RATE SWAP PAY 3MFRA 21-22.06.26 |  |  |  |
| HUF | LCH/INTEREST RATE SWAP REC 2.59600% 21-10.08.26 | 1 600 000 000.00 | -970 680.33 | -0.36 |
| HUF | LCH/INTEREST RATE SWAP PAY 6ML 21-10.08.26 |  |  |  |
| HUF | LCH/INTEREST RATE SWAP REC 2.83500% 21-17.09.26 | 990 000 000.00 | -567 235.14 | -0.21 |
| HUF | LCH/INTEREST RATE SWAP PAY 6ML 21-17.09.26 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 7.50000% 21-22.09.31 | 49 000 000.00 | -170 362.75 | -0.06 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 21-22.09.31 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.49500% 21-08.10.26 | 20 000 000.00 | -17 665.53 | -0.01 |
| CNY | CITI/INTEREST RATE SWAP PAY CNRR007 21-08.10.26 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 7.44000% 21-16.10.26 | 115 000 000.00 | -277 504.70 | -0.10 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 21-16.10.26 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 7.49250% 21-19.10.26 | 165 000 000.00 | -380 891.16 | -0.14 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 21-19.10.26 |  |  |  |
| ZAR | LCH/INTEREST RATE SWAP REC 7.67000% 22-06.01.32 | 29 000 000.00 | -124 478.11 | -0.05 |
| ZAR | LCH/INTEREST RATE SWAP PAY 3MZAR 22-06.01.32 |  |  |  |
| HUF | LCH/INTEREST RATE SWAP REC 4.82000% 22-17.01.27 | 1 200 000 000.00 | -462 472.25 | -0.17 |
| HUF | LCH/INTEREST RATE SWAP PAY 6MHUF 22-17.01.27 |  |  |  |
| HUF | LCH/INTEREST RATE SWAP REC 4.95100% 22-19.01.27 | 1 200 000 000.00 | -446 967.90 | -0.17 |
| HUF | LCH/INTEREST RATE SWAP PAY 6MHUF 22-19.01.27 |  |  |  |
| KRW | JPMORGAN/INTEREST RATE SWAP REC 2.02000% 22-25.01.24 | 20 000 000 000.00 | -370 055.76 | -0.14 |
| KRW | JPMORGAN/INTEREST RATE SWAP PAY 3MKWCD 22-25.01.24 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP REC 4.60500% 22-29.11.27 | 5 000 000.00 | 9 164.29 | 0.00 |
| NZD | LCH/INTEREST RATE SWAP PAY 3MFRA 22-29.11.27 |  |  |  |
| Total Swaps and forward swaps on interest rates | 586 649.36 | 0.22 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market | 586 649.36 | 0.22 |
| Total Derivative instruments | 1 040 259.08 | 0.39 |
| Forward Foreign Exchange contracts |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |

| USD | 1 867 834.84 | BRL | 10 020 000.00 | 6.12.2022 | -37 080.96 | -0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| KRW | 2 743 000 000.00 | USD | 1 923 292.67 | 6.12.2022 | 156 326.30 | 0.06 |
| USD | 2 185 894.44 | TWD | 70 200 000.00 | 6.12.2022 | -87 482.97 | -0.03 |
| CNY | 8 635 000.00 | USD | 1 198 473.28 | 6.12.2022 | 12 076.09 | -0.01 |
| MYR | 2 285 000.00 | USD | 482 933.53 | 6.12.2022 | 31 011.59 | 0.01 |
| COP | 5 117 280 000.00 | USD | 1 055 435.70 | 6.12.2022 | 6 653.99 | 0.00 |
| USD | 4 149 358.60 | MXN | 82 490 000.00 | 6.12.2022 | -107 645.99 | -0.04 |
| USD | 1 927 696.04 | JPY | 283 600 000.00 | 6.12.2022 | -104 954.55 | -0.04 |
| USD | 21 278 719.38 | GBP | 18 485 000.00 | 6.12.2022 | -735 704.76 | -0.28 |
| USD | 12 085 736.00 | NZD | 20 540 000.00 | 6.12.2022 | -671 634.04 | -0.25 |
| USD | 1 359 033.01 | AUD | 2 115 000.00 | 6.12.2022 | -57 432.18 | -0.02 |
| HUF | 170 350 000.00 | USD | 409 389.34 | 6.12.2022 | 18 323.86 | 0.01 |
| USD | 94 103 387.15 | EUR | 94 860 000.00 | 6.12.2022 | -3 576 876.69 | -1.34 |
| SEK | 9 550 000.00 | USD | 869 023.64 | 6.12.2022 | 26 572.68 | 0.01 |
| CHF | 1 110 000.00 | USD | 1 118 136.57 | 6.12.2022 | 47 055.27 | 0.02 |
| USD | 3 617 257.94 | CAD | 4 920 000.00 | 6.12.2022 | -11 881.84 | 0.00 |
| USD | 2 095 079.87 | THB | 78 440 000.00 | 6.12.2022 | -129 421.59 | -0.05 |
| PLN | 4 490 000.00 | USD | 940 513.03 | 6.12.2022 | 48 395.96 | 0.02 |
| USD | 259 627.55 | CAD | 350 000.00 | 6.12.2022 | 1 457.04 | 0.00 |
| USD | 1 999 815.38 | CZK | 49 610 000.00 | 6.12.2022 | -97 888.49 | -0.04 |
| USD | 419 666.66 | HUF | 170 350 000.00 | 6.12.2022 | -8 046.54 | 0.00 |
| AUD | 1 587 259.03 | EUR | 1 015 000.00 | 6.12.2022 | 17 846.49 | 0.01 |
| EUR | 1 095 000.00 | CHF | 1 077 113.18 | 6.12.2022 | -3 114.22 | 0.00 |
| EUR | 352 710.88 | NZD | 600 000.00 | 6.12.2022 | -9 462.05 | 0.00 |
| BRL | 2 922 835.00 | USD | 545 000.00 | 6.12.2022 | 10 664.13 | 0.00 |
| USD | 545 000.00 | MXN | 10 611 182.70 | 6.12.2022 | -2 603.99 | 0.00 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Semi-Annual Report as of 30 November 2022
| Description	Quantity/ | Valuation in USD | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |

Forward Foreign Exchange contracts (Continued)
Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date
| GBP | 536 688.26 | EUR | 607 457.00 | 6.12.2022 | 13 642.30 | 0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| GBP | 421 906.65 | EUR | 482 543.00 | 6.12.2022 | 5 573.35 | 0.00 |
| CAD | 515 000.00 | AUD | 580 084.89 | 6.12.2022 | -8 616.71 | 0.00 |
| PLN | 2 725 000.00 | HUF | 235 966 470.00 | 6.12.2022 | 7 713.63 | 0.00 |
| USD | 510 000.00 | SGD | 700 600.87 | 6.12.2022 | -1 273.42 | 0.00 |
| IDR | 7 918 260 000.00 | USD | 510 000.00 | 6.12.2022 | -6 492.34 | 0.00 |
| USD | 1 022 982.80 | EUR | 980 000.00 | 6.12.2022 | 13 846.61 | 0.01 |
| USD | 265 994.02 | EUR | 255 000.00 | 6.12.2022 | 3 412.67 | 0.00 |
| USD | 317 468.02 | MXN | 6 160 000.00 | 6.12.2022 | -426.86 | 0.00 |
| AUD | 30 324 300.00 | USD | 20 589 675.09 | 12.1.2023 | -242 593.82 | -0.09 |
| GBP | 14 037 500.00 | USD | 16 746 703.81 | 12.1.2023 | -3 544.03 | 0.00 |
| CHF | 54 526 200.00 | USD | 58 397 048.35 | 12.1.2023 | -843 401.87 | -0.32 |
| CAD | 15 333 400.00 | USD | 11 574 337.57 | 12.1.2023 | -255 436.12 | -0.10 |
| EUR | 70 965 700.00 | USD | 74 303 429.77 | 12.1.2023 | -970 203.81 | -0.36 |
| USD | 515 000.00 | SGD | 704 041.57 | 6.12.2022 | 1 215.68 | 0.00 |
| IDR | 8 048 420 000.00 | USD | 515 000.00 | 6.12.2022 | -3 215.70 | 0.00 |
| CAD | 186 200.00 | USD | 139 955.93 | 12.1.2023 | -2 505.69 | 0.00 |
| GBP | 150 300.00 | USD | 179 261.17 | 12.1.2023 | 8.42 | 0.00 |
| AUD | 1 595 000.00 | NZD | 1 731 914.80 | 6.12.2022 | -7 481.29 | 0.00 |
| USD | 246 544.13 | EUR | 237 400.00 | 12.1.2023 | 1 224.10 | 0.00 |
| USD | 69 260.49 | AUD | 104 900.00 | 12.1.2023 | -1 125.60 | 0.00 |
| PLN | 1 230 000.00 | USD | 270 331.79 | 6.12.2022 | 572.01 | 0.00 |
| CZK | 27 457 477.60 | PLN | 5 285 000.00 | 6.12.2022 | -2 996.64 | 0.00 |
| EUR | 995 000.00 | AUD | 1 534 514.87 | 6.12.2022 | -3 118.39 | 0.00 |
| CAD | 1 467 601.40 | GBP | 905 000.00 | 6.12.2022 | 4 751.02 | 0.00 |
| EUR | 1 030 000.00 | USD | 1 064 870.65 | 6.12.2022 | -4 247.92 | 0.00 |
| USD | 2 282 926.83 | TWD | 70 200 000.00 | 6.1.2023 | -12 916.47 | -0.01 |
| TWD | 70 200 000.00 | USD | 2 269 641.13 | 6.12.2022 | 3 736.28 | 0.00 |
| USD | 1 206 848.36 | CNY | 8 635 000.00 | 6.12.2022 | -3 701.01 | 0.00 |
| CNY | 8 635 000.00 | USD | 1 209 383.75 | 6.1.2023 | 15 127.75 | 0.01 |
| USD | 506 090.81 | MYR | 2 285 000.00 | 6.12.2022 | -7 854.31 | 0.00 |
| MYR | 2 285 000.00 | USD | 506 539.57 | 6.1.2023 | 8 634.77 | 0.00 |
| IDR | 15 966 700 000.00 | USD | 1 013 630.02 | 6.1.2023 | 2 723.21 | 0.00 |
| USD | 1 014 401.52 | IDR | 15 966 680 000.00 | 6.12.2022 | -890.43 | 0.00 |
| KRW | 2 743 000 000.00 | USD | 2 070 579.35 | 6.1.2023 | 10 513.60 | 0.00 |
| USD | 2 068 627.45 | KRW | 2 743 000 000.00 | 6.12.2022 | -10 991.52 | 0.00 |
| EUR | 2 000 000.00 | USD | 2 075 477.40 | 6.12.2022 | -16 015.80 | -0.01 |
| BRL | 7 097 165.00 | USD | 1 338 330.19 | 6.12.2022 | 10 921.48 | 0.00 |
| USD | 1 330 086.17 | BRL | 7 100 000.00 | 6.1.2023 | -10 978.75 | 0.00 |
| COP | 5 117 280 000.00 | USD | 1 058 798.70 | 6.1.2023 | -2 821.66 | 0.00 |
| USD | 1 064 990.63 | COP | 5 117 280 000.00 | 6.12.2022 | 2 900.94 | 0.00 |
| USD | 205 790.43 | EUR | 198 000.00 | 12.1.2023 | 1 184.84 | 0.00 |
| CHF | 606 400.00 | USD | 640 822.08 | 12.1.2023 | -753.06 | 0.00 |
| Total Forward Foreign Exchange contracts | -7 580 748.02 | -2.83 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 19 191 240.20 | 7.17 |
| Bank overdraft and other short-term liabilities | -875 495.00 | -0.33 |
| Other assets and liabilities | -5 505 208.77 | -2.06 |
| Total net assets | 267 695 721.43 | 100.00 |

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

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


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

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

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

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

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

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

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

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

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

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

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

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