# UBS (Lux) SICAV 2 – Medium Term Bonds (GBP)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.4.2020 | 31.10.2019 | 31.10.2018 |
| Net assets in GBP |  | 50 263 745.82 | 58 731 611.90 | 36 265 888.91 |
| Class F-UKdist | LU0956985732 |  |  |  |
| Shares outstanding |  | 171 208.3870 | 236 677.8650 | 248 659.2990 |
| Net asset value per share in GBP |  | 91.99 | 93.97 | 94.16 |
| Issue and redemption price per share in GBP 1 |  | 91.99 | 93.97 | 94.16 |
| Class I-A1-acc | LU0417381208 |  |  |  |
| Shares outstanding |  | 22 149.7730 | 21 840.3930 | 4 820.6380 |
| Net asset value per share in GBP |  | 109.84 | 109.72 | 107.28 |
| Issue and redemption price per share in GBP 1 |  | 109.84 | 109.72 | 107.28 |
| Class I-A2-acc 2 | LU1978496815 |  |  |  |
| Shares outstanding |  | 72 240.7610 | 77 340.3280 | - |
| Net asset value per share in GBP |  | 101.06 | 100.92 | - |
| Issue and redemption price per share in GBP 1 |  | 101.06 | 100.92 | - |
| Class I-A3-acc 2 | LU1978497037 |  |  |  |
| Shares outstanding |  | 294.6470 | 306.7410 | - |
| Net asset value per share in GBP |  | 101.13 | 100.95 | - |
| Issue and redemption price per share in GBP 1 |  | 101.13 | 100.95 | - |
| Class P-acc | LU0224520709 |  |  |  |
| Shares outstanding |  | 171 301.3230 | 181 775.5720 | 88 145.9420 |
| Net asset value per share in GBP |  | 140.93 | 141.10 | 138.63 |
| Issue and redemption price per share in GBP 1 |  | 140.93 | 141.10 | 138.63 |
| Class Q-acc | LU0417381034 |  |  |  |
| Shares outstanding |  | 5 766.5500 | 5 766.5500 | 1 110.2550 |
| Net asset value per share in GBP |  | 105.80 | 105.72 | 103.46 |
| Issue and redemption price per share in GBP 1 |  | 105.80 | 105.72 | 103.46 |
| 1  See note 1 2  First NAV: 29.5.2019 |  |  |  |  |

UBS (Lux) SICAV 2 – Medium Term Bonds (GBP) Semi-Annual Report as of 30 April 2020

### Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| United Kingdom | 25.59 |
| --- | --- |
| United States | 15.13 |
| Germany | 12.89 |
| France | 9.17 |
| Canada | 6.85 |
| The Netherlands | 6.59 |
| Australia | 5.79 |
| Luxembourg | 4.45 |
| Supranationals | 1.83 |
| Finland | 1.82 |
| Norway | 1.64 |
| Spain | 1.59 |
| Austria | 1.52 |
| Sweden | 1.40 |
| Philippines | 1.23 |
| Cayman Islands | 0.41 |
| Total | 97.90 |

Economic Breakdown as a % of net assets	
| Banks & credit institutions | 55.14 |
| --- | --- |
| Finance & holding companies | 18.07 |
| Supranational organisations | 11.96 |
| Public, non-profit institutions | 6.14 |
| Cantons, federal states | 1.52 |
| Insurance | 0.92 |
| Energy & water supply | 0.91 |
| Mortgage & funding institutions | 0.82 |
| Traffic & transportation | 0.82 |
| Vehicles | 0.79 |
| Investment funds | 0.41 |
| Healthcare & social services | 0.40 |
| Total | 97.90 |


### Statement of Net Assets
Assets	30.4.2020
GBP
Investments in securities, cost	49 914 983.44
| Investments in securities, unrealized appreciation (depreciation) | 	-706 822.34	 |
| --- | --- |
| Total investments in securities (Note 1) | 49 208 161.10 |
| Cash at banks, deposits on demand and deposit accounts | 528 958.78 |
| Receivable on subscriptions | 59 673.32 |
| Interest receivable on securities | 435 158.33 |
| Interest receivable on liquid assets | 84.23 |
| Other assets | 55 055.96 |
| Total Assets | 50 287 091.72 |
|  |  |
| Liabilities |  |
| Payable on redemptions | -1 013.85 |
| Provisions for flat fee (Note 2) | -12 838.60 |
| Provisions for taxe d’abonnement (Note 3) | -1 230.23 |
| Provisions for other commissions and fees (Note 2) | 	-8 263.22	 |
| Total provisions | -22 332.05 |
| Total Liabilities | -23 345.90 |
|  |  |
| Net assets at the end of the period | 50 263 745.82 |
| Statement of Operations | GBP |
| Income | 1.11.2019-30.4.2020 |
| Interest on liquid assets | 159.23 |
| Interest on securities | 701 562.72 |
| Income on securities lending (Note 12) | 16 872.13 |
| Other income (Note 4) | 20 635.59 |
| Total income | 739 229.67 |
|  |  |
| Expenses |  |
| Cost on securities lending (Note 12) | -6 748.85 |
| Flat fee (Note 2) | -165 829.67 |
| Taxe d’abonnement (Note 3) | -7 489.94 |
| Other commissions and fees (Note 2) | -8 186.85 |
| Total expenses | -188 255.31 |
|  |  |
| Net income (loss) on investments | 550 974.36 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | -587 344.84 |
| Realized gain (loss) on foreign exchange | 770.30 |
| Total realized gain (loss) | -586 574.54 |
|  |  |
| Net realized gain (loss) of the period | -35 600.18 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 42 649.33 |
| Total changes in unrealized appreciation (depreciation) | 42 649.33 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 7 049.15 |

UBS (Lux) SICAV 2 – Medium Term Bonds (GBP) Semi-Annual Report as of 30 April 2020
| Statement of Changes in Net Assets |  |
| --- | --- |
|  |  | GBP |
|  |  | 1.11.2019-30.4.2020 |
| Net assets at the beginning of the period |  | 58 731 611.90 |
| Subscriptions |  | 2 265 519.91 |
| Redemptions |  | 	-10 233 234.70	 |
| Total net subscriptions (redemptions) |  | -7 967 714.79 |
| Dividend paid |  | -507 200.44 |
| Net income (loss) on investments |  | 550 974.36 |
| Total realized gain (loss) |  | -586 574.54 |
| Total changes in unrealized appreciation (depreciation) |  | 	42 649.33	 |
| Net increase (decrease) in net assets as a result of operations |  | 7 049.15 |
| Net assets at the end of the period |  | 50 263 745.82 |
| Changes in the Number of Shares outstanding |  |  |
|  |  | 1.11.2019-30.4.2020 |
| Class |  | F-UKdist |
| Number of shares outstanding at the beginning of the period |  | 236 677.8650 |
| Number of shares issued |  | 14 155.1960 |
| Number of shares redeemed |  | -79 624.6740 |
| Number of shares outstanding at the end of the period |  | 171 208.3870 |
| Class |  | I-A1-acc |
| Number of shares outstanding at the beginning of the period |  | 21 840.3930 |
| Number of shares issued |  | 1 105.0000 |
| Number of shares redeemed |  | -795.6200 |
| Number of shares outstanding at the end of the period |  | 22 149.7730 |
| Class |  | I-A2-acc |
| Number of shares outstanding at the beginning of the period |  | 77 340.3280 |
| Number of shares issued |  | 4 728.0000 |
| Number of shares redeemed |  | -9 827.5670 |
| Number of shares outstanding at the end of the period |  | 72 240.7610 |
| Class |  | I-A3-acc |
| Number of shares outstanding at the beginning of the period |  | 306.7410 |
| Number of shares issued |  | 0.0000 |
| Number of shares redeemed |  | -12.0940 |
| Number of shares outstanding at the end of the period |  | 294.6470 |
| Class |  | P-acc |
| Number of shares outstanding at the beginning of the period |  | 181 775.5720 |
| Number of shares issued |  | 2 593.8280 |
| Number of shares redeemed |  | -13 068.0770 |
| Number of shares outstanding at the end of the period |  | 171 301.3230 |
| Class |  | Q-acc |
| Number of shares outstanding at the beginning of the period |  | 5 766.5500 |
| Number of shares issued |  | 0.0000 |
| Number of shares redeemed |  | 0.0000 |
| Number of shares outstanding at the end of the period |  | 5 766.5500 |
| Distribution 1 |  |  |
| UBS (Lux) SICAV 2 |  |  |
| – Medium Term Bonds (GBP)	Ex-Date | Pay-Date | Currency	Amount per share |
| F-UKdist*	15.11.2019 | 20.11.2019 | GBP	2.14 |
| 1  See note 5 * distribution of 100% reportable income according to UK Law |  |  |

UBS (Lux) SICAV 2 – Medium Term Bonds (GBP) Semi-Annual Report as of 30 April 2020

### Statement of Investments in Securities and other Net Assets as of 30 April 2020
| Description | Quantity/ | Valuation in GBP | 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 |  |  |  |
| GBP |  |  |  |
| GBP	ANGLIAN WATER SERVICES FINANCING PLC STEP-UP 98-21.08.23 | 100 000.00 | 117 148.84 | 0.23 |
| GBP	CITIGROUP INC 2.75000% 19-24.01.24 | 400 000.00 | 410 604.28 | 0.82 |
| GBP	CREDIT AGRICOLE SA-REG-S 1.25000% 19-02.10.24 | 300 000.00 | 295 045.20 | 0.59 |
| GBP	EUROPEAN INVESTMENT BANK-REG-S 0.75000% 19-15.11.24 | 600 000.00 | 607 191.24 | 1.21 |
| GBP	INTERNATIONAL DEVELOPMENT ASSOC-REG-S 0.75000% 20-12.12.24 | 800 000.00 | 806 612.56 | 1.60 |
| GBP	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.87500% 19-13.12.24 | 500 000.00 | 507 317.10 | 1.01 |
| GBP	METLIFE INC 5.37500% 04-09.12.24 | 400 000.00 | 460 372.80 | 0.92 |
| GBP	UNITE USAF II PLC 3.37400% 13-30.06.23 | 200 000.00 | 208 116.80 | 0.41 |
| Total GBP |  | 3 412 408.82 | 6.79 |
| Total Notes, fixed rate |  | 3 412 408.82 | 6.79 |
| Medium term notes, fixed rate |  |  |  |
| GBP |  |  |  |
| GBP	ABN AMRO BANK NV-REG-S 1.37500% 17-07.06.22 | 700 000.00 | 697 053.00 | 1.39 |
| GBP	ALBERTA, PROVINCE OF-REG-S 1.00000% 17-15.11.21 | 150 000.00 | 150 904.20 | 0.30 |
| GBP	AMERICAN HONDA FINANCE CORP 2.62500% 15-14.10.22 | 400 000.00 | 405 880.48 | 0.81 |
| GBP	ASIAN DEVELOPMENT BANK-REG-S 1.37500% 18-15.12.23 | 600 000.00 | 619 277.34 | 1.23 |
| GBP	BANCO SANTANDER SA-REG-S 2.75000% 18-12.09.23 | 400 000.00 | 410 300.00 | 0.82 |
| GBP	BANCO SANTANDER SA-REG-S 1.37500% 19-31.07.24 | 400 000.00 | 390 512.80 | 0.78 |
| GBP	BANK OF AMERICA CORP 6.12500% 09-15.09.21 | 600 000.00 | 636 693.60 | 1.27 |
| GBP	BANK OF MONTREAL-REG-S 1.50000% 19-18.12.24 | 300 000.00 | 294 911.12 | 0.59 |
| GBP	BANK OF NOVA SCOTIA-REG-S 1.25000% 17-08.06.22 | 500 000.00 | 496 287.00 | 0.99 |
| GBP	BANK OF SCOTLAND PLC 4.87500% 04-20.12.24 | 600 000.00 | 706 658.04 | 1.41 |
| GBP	BANQUE FEDER DU CREDIT MUTUE-REG-S 2.25000% 19-18.12.23 | 200 000.00 | 203 579.20 | 0.41 |
| GBP	BANQUE FEDER DU CREDIT MUTUE-REG-S 1.75000% 19-19.12.24 | 300 000.00 | 299 346.00 | 0.59 |
| GBP	BANQUE FEDER DU CREDIT MUTUEL-REG-S 1.87500% 18-13.12.22 | 100 000.00 | 100 545.40 | 0.20 |
| GBP	BARCLAYS BANK UK PLC-REG-S 4.25000% 12-12.01.22 | 1 400 000.00 | 1 486 710.40 | 2.96 |
| GBP	BAT INTERNATIONAL FINANCE PLC-REG-S 1.75000% 16-05.07.21 | 400 000.00 | 399 232.80 | 0.79 |
| GBP	BAYERISCHE LANDESBANK-REG-S 1.25000% 17-20.12.21 | 900 000.00 | 908 510.04 | 1.81 |
| GBP	BMW FINANCE NV-REG-S 0.87500% 16-16.08.22 | 200 000.00 | 194 372.00 | 0.39 |
| GBP	BMW INTERNATIONAL INVESTMENT BV-REG-S 1.37500% 19-01.10.24 | 600 000.00 | 578 790.00 | 1.15 |
| GBP	BNG BANK NV 5.37500% 98-07.06.21 | 200 000.00 | 210 642.80 | 0.42 |
| GBP	BNG BANK NV-REG-S 1.00000% 18-17.06.22 | 200 000.00 | 201 944.40 | 0.40 |
| GBP	BNP PARIBAS 1.12500% 16-16.08.22 | 400 000.00 | 397 885.60 | 0.79 |
| GBP	CADENT FINANCE PLC-REG-S 1.12500% 16-22.09.21 | 100 000.00 | 99 581.00 | 0.20 |
| GBP	CLOSE BROTHERS FINANCE PLC-REG-S 3.87500% 14-27.06.21 | 200 000.00 | 203 722.66 | 0.41 |
| GBP	CLOSE BROTHERS GROUP PLC-REG-S 2.75000% 18-26.04.23 | 200 000.00 | 201 286.00 | 0.40 |
| GBP	COMMONWEALTH BANK OF AUSTRALIA-REG-S 1.12500% 17-22.12.21 | 350 000.00 | 352 849.70 | 0.70 |
| GBP	COVENTRY BUILDING SOCIETY 5.87500% 10-28.09.22 | 550 000.00 | 603 020.00 | 1.20 |
| GBP	COVENTRY BUILDING SOCIETY-REG-S 1.87500% 17-24.10.23 | 300 000.00 | 300 449.40 | 0.60 |
| GBP	CREDIT AGRICOLE SA LONDON 5.50000% 11-17.12.21 | 350 000.00 | 371 613.90 | 0.74 |
| GBP	DAIMLER INTERNATIONAL FINANCE BV-REG-S 2.12500% 16-07.06.22 | 400 000.00 | 397 200.00 | 0.79 |
| GBP	DAIMLER INTERNATIONAL FINANCE BV-REG-S 2.00000% 18-04.09.23 | 300 000.00 | 293 340.00 | 0.58 |
| GBP	DEUTSCHE BAHN FINANCE BV 2.75000% 12-20.06.22 | 350 000.00 | 362 847.80 | 0.72 |
| GBP	DEXIA CREDIT LOCAL DE FRANCE-REG-S 0.87500% 16-07.09.21 | 200 000.00 | 200 931.64 | 0.40 |
| GBP	DEXIA CREDIT LOCAL SA-REG-S 1.12500% 17-15.06.22 | 500 000.00 | 505 479.50 | 1.01 |
| GBP	DEXIA CREDIT LOCAL SA-REG-S 1.62500% 18-08.12.23 | 400 000.00 | 413 572.80 | 0.82 |
| GBP	ELECTRICITE DE FRANCE 6.87500% 08-12.12.22 | 400 000.00 | 454 668.80 | 0.90 |
| GBP	EUROPEAN INVESTMENT BANK 2.50000% 12-31.10.22 | 400 000.00 | 420 511.20 | 0.84 |
| GBP	EUROPEAN INVESTMENT BANK-REG-S 1.12500% 16-07.09.21 | 50 000.00 | 50 496.70 | 0.10 |
| GBP	EUROPEAN INVESTMENT BANK-REG-S 0.87500% 17-15.12.23 | 525 000.00 | 532 803.60 | 1.06 |
| GBP	EUROPEAN INVESTMENT BANK-REG-S 1.37500% 18-07.03.25 | 600 000.00 | 623 406.00 | 1.24 |
| GBP	HSBC HOLDINGS PLC 6.50000% 09-20.05.24 | 400 000.00 | 470 640.00 | 0.94 |
| GBP	INTERNATIONAL FINANCE CORP 1.37500% 18-07.03.25 | 300 000.00 | 310 950.60 | 0.62 |
| GBP	INTL BK FOR RECONSTR & DEVT WORLD BANK 1.00000% 18-19.12.22 | 300 000.00 | 304 254.00 | 0.61 |
| GBP	KOMMUNALBANKEN AS-REG-S 1.50000% 18-15.12.23 | 400 000.00 | 412 832.00 | 0.82 |
| GBP	KREDITANSTALT FUER WIEDERAUFBAU-REG-S 1.25000% 18-29.12.23 | 750 000.00 | 770 755.50 | 1.53 |
| GBP	KREDITANSTALT FUER WIEDERAUFBAU-REG-S 1.37500% 19-09.12.24 | 800 000.00 | 830 257.60 | 1.65 |
| GBP	LANDESKREDITBANK B-WUERTT FOERDBK-REG-S 0.87500% 17-07.03.22 | 550 000.00 | 553 555.20 | 1.10 |
| GBP	LANDWIRTSCHAFTLICHE RENTENBANK-REG-S 1.12500% 17-15.12.23 | 400 000.00 | 408 762.41 | 0.81 |
| GBP	LANDWIRTSCHAFTLICHE RENTENBANK-REG-S 1.37500% 19-16.12.24 | 400 000.00 | 414 232.00 | 0.82 |
| GBP	LLOYDS BANK PLC 7.50000% 09-15.04.24 | 400 000.00 | 484 520.00 | 0.96 |
| GBP	LLOYDS BANKING GROUP PLC 2.25000% 17-16.10.24 | 800 000.00 | 804 809.60 | 1.60 |
| GBP	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 2.87500% 13-11.01.23 | 100 000.00 | 102 990.60 | 0.20 |
| GBP	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 2.62500% 15-05.12.22 | 400 000.00 | 411 280.00 | 0.82 |
| GBP	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 1.12500% 17-15.12.21 | 700 000.00 | 695 069.20 | 1.38 |
| GBP	NATIONAL AUSTRALIA BANK LTD 5.12500% 09-09.12.21 | 900 000.00 | 946 522.80 | 1.88 |
| GBP	NATIONAL AUSTRALIA BANK LTD-REG-S 1.12500% 16-10.11.21 | 500 000.00 | 503 112.00 | 1.00 |
| GBP	NATIONWIDE BUILDING SOCIETY-REG-S 2.25000% 15-29.04.22 | 500 000.00 | 508 205.00 | 1.01 |
| GBP	NETWORK RAIL MTN FINANCE PLC-REG-S 4.75000% 05-22.01.24 | 400 000.00 | 463 036.00 | 0.92 |
| GBP	NEW YORK LIFE GLOBAL FUNDING-REG-S 1.00000% 17-15.12.21 | 500 000.00 | 495 929.00 | 0.99 |
| GBP	NEW YORK LIFE GLOBAL FUNDING-REG-S 1.75000% 18-15.12.22 | 400 000.00 | 401 573.20 | 0.80 |
| GBP	NORDEA BANK ABP-REG-S 2.37500% 15-02.06.22 | 450 000.00 | 456 177.60 | 0.91 |
| GBP	NORDIC INVESTMENT BANK-REG-S 1.12500% 18-15.12.23 | 600 000.00 | 612 529.20 | 1.22 |
| GBP	OESTERREICHISCHE KONTROLLBANK AG-REG-S 0.75000% 17-07.03.22 | 350 000.00 | 351 659.00 | 0.70 |
| GBP	OESTERREICHISCHE KONTROLLBANK AG-REG-S 1.25000% 19-15.12.23 | 400 000.00 | 409 496.00 | 0.81 |
| GBP	OP CORPORATE BANK PLC-REG-S 2.50000% 15-20.05.22 | 450 000.00 | 460 276.20 | 0.92 |
| GBP	RABOBANK NEDERLAND NV 4.87500% 06-10.01.23 | 300 000.00 | 326 168.40 | 0.65 |
| GBP	RABOBANK NEDERLAND NV-REG-S 2.25000% 15-23.03.22 | 200 000.00 | 203 025.60 | 0.40 |
| GBP	ROYAL BANK OF CANADA-REG-S 1.12500% 17-22.12.21 | 480 000.00 | 483 231.36 | 0.96 |
| GBP	ROYAL BANK OF CANADA-REG-S 1.37500% 19-09.12.24 | 300 000.00 | 295 622.40 | 0.59 |
| GBP	SANTANDER UK PLC-REG-S 5.12500% 11-14.04.21 | 1 400 000.00 | 1 459 116.40 | 2.90 |
| GBP	SCENTRE GROUP TRUST 1 / 2-REG-S 2.37500% 15-08.04.22 | 700 000.00 | 702 520.00 | 1.40 |
| GBP	SKANDINAVISKA ENSKILDA BANKEN AB-REG-S 1.25000% 16-05.08.22 | 400 000.00 | 396 012.00 | 0.79 |
| GBP	SNCF RESEAU-REG-S 5.50000% 98-01.12.21 | 800 000.00 | 860 824.00 | 1.71 |

UBS (Lux) SICAV 2 – Medium Term Bonds (GBP) Semi-Annual Report as of 30 April 2020
|  | Description | Quantity/ | Valuation in GBP | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| GBP | SOUTHERN WATER SERVICES (FINANCE) LTD 5.00000% 05-31.03.21 | 200 000.00 | 206 414.00 | 0.41 |
| GBP | SPAREBANKEN 1 BOLIGKREDITT-REG-S 1.75000% 18-18.12.23 | 400 000.00 | 412 824.80 | 0.82 |
| GBP | SVENSKA HANDELSBANKEN AB-REG-S 2.75000% 12-05.12.22 | 300 000.00 | 308 817.00 | 0.61 |
| GBP | TOTAL CAPITAL INTERNATIONAL SA-REG-S 2.25000% 15-09.06.22 | 500 000.00 | 506 980.00 | 1.01 |
| GBP | TOYOTA MOTOR CREDIT CORP-REG-S 1.00000% 16-27.09.22 | 400 000.00 | 393 178.40 | 0.78 |
| GBP | TRANSPORT FOR LONDON 2.25000% 12-09.08.22 | 400 000.00 | 411 827.20 | 0.82 |
| GBP | WELLS FARGO & CO-REG-S 2.12500% 15-22.04.22 | 250 000.00 | 251 650.00 | 0.50 |
| GBP | WELLS FARGO & CO-REG-S 2.12500% 17-20.12.23 | 400 000.00 | 401 903.04 | 0.80 |
| GBP | WELLS FARGO & CO-REG-S 1.37500% 17-30.06.22 | 300 000.00 | 297 365.05 | 0.59 |
| GBP | WESTPAC BANKING CORP-REG-S 2.62500% 15-14.12.22 | 300 000.00 | 305 985.60 | 0.61 |
| GBP | WESTPAC BANKING CORP-REG-S 1.00000% 17-30.06.22 | 100 000.00 | 100 516.00 | 0.20 |
| Total GBP |  |  | 37 085 222.88 | 73.78 |
| Total Medium term notes, fixed rate |  | 37 085 222.88 | 73.78 |
| Bonds, fixed rate |  |  |  |
| GBP |  |  |  |
| GBP	BUPA FINANCE PLC-REG-S 2.00000% 17-05.04.24 | 200 000.00 | 201 416.40 | 0.40 |
| GBP	CANADIAN IMPERIAL BANK OF COM/CAN-REG-S 1.12500% 17-30.06.22 | 600 000.00 | 605 836.80 | 1.20 |
| GBP	CE ELECTRIC UK FUNDING COMPANY 7.25000% 97-15.12.22 | 200 000.00 | 231 259.96 | 0.46 |
| GBP	CPPIB CAPITAL INC-REG-S 0.87500% 20-17.12.24 | 500 000.00 | 504 103.75 | 1.00 |
| GBP	FMS WERTMANAGEMENT-REG-S 0.87500% 17-14.02.22 | 1 300 000.00 | 1 309 945.00 | 2.61 |
| GBP	FMS WERTMANAGEMENT-REG-S 1.12500% 17-07.09.23 | 900 000.00 | 917 361.00 | 1.83 |
| GBP	FRIENDS LIFE HOLDINGS PLC-REG-S-SUB 8.25000% 11-21.04.22 | 500 000.00 | 558 082.55 | 1.11 |
| GBP	INTER-AMERICAN DEVELOPMENT BANK 1.25000% 18-15.12.23 | 600 000.00 | 614 901.66 | 1.22 |
| GBP	LLOYDS BANK PLC-REG-S 1.75000% 15-31.03.22 | 1 100 000.00 | 1 122 006.60 | 2.23 |
| GBP	NATIONAL WESTMINSTER BANK PLC-REG-S 5.12500% 12-13.01.24 | 400 000.00 | 463 348.00 | 0.92 |
| GBP	NETWORK RAIL INFRASTRUCTURE FINANCE 3.00000% 13-07.09.23 | 300 000.00 | 325 407.00 | 0.65 |
| GBP	QUEBEC, PROVINCE OF-REG-S 0.87500% 17-24.05.22 | 200 000.00 | 200 986.00 | 0.40 |
| GBP	QUEBEC, PROVINCE OF-REG-S 1.50000% 18-15.12.23 | 400 000.00 | 410 738.60 | 0.82 |
| GBP	RABOBANK INTERNATIONAL 4.00000% 12-19.09.22 | 200 000.00 | 211 628.00 | 0.42 |
| GBP	YORKSHIRE WATER SERVICES FINANCE PLC 6.58760% 09-21.02.23 | 200 000.00 | 229 063.68 | 0.46 |
| Total GBP |  | 7 906 085.00 | 15.73 |
| Total Bonds, fixed rate |  | 7 906 085.00 | 15.73 |
| Bonds, floating rate |  |  |  |
| GBP |  |  |  |
| GBP	HSBC HOLDINGS PLC 2.175%/VAR 18-27.06.23 | 800 000.00 | 804 444.40 | 1.60 |
| Total GBP |  | 804 444.40 | 1.60 |
| Total Bonds, floating rate |  | 804 444.40 | 1.60 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 49 208 161.10 | 97.90 |
| Total investments in securities |  | 49 208 161.10 | 97.90 |
|  |  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets |  | 528 958.78 | 1.05 |
| Other assets and liabilities |  | 526 625.94 | 1.05 |
| Total net assets |  | 50 263 745.82 | 100.00 |

UBS (Lux) SICAV 2 – Medium Term Bonds (GBP) Semi-Annual Report as of 30 April 2020

Translation (ENDE, 2020-04-30):
# UBS (Lux) SICAV 2 – Medium Term Bonds (GBP)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.4.2020 | 31.10.2019 | 31.10.2018 |
| Nettovermögen in GBP |  | 50 263 745.82 | 58 731 611.90 | 36 265 888.91 |
| Klasse F-UKdist | LU0956985732 |  |  |  |
| Aktien im Umlauf |  | 171 208.3870 | 236 677.8650 | 248 659.2990 |
| Nettoinventarwert pro Aktie in GBP |  | 91.99 | 93.97 | 94.16 |
| Ausgabe- und Rücknahmepreis pro Aktie in GBP 1 |  | 91.99 | 93.97 | 94.16 |
| Klasse I-A1-acc | LU0417381208 |  |  |  |
| Aktien im Umlauf |  | 22 149.7730 | 21 840.3930 | 4 820.6380 |
| Nettoinventarwert pro Aktie in GBP |  | 109.84 | 109.72 | 107.28 |
| Ausgabe- und Rücknahmepreis pro Aktie in GBP 1 |  | 109.84 | 109.72 | 107.28 |
| Klasse I-A2-acc 2 | LU1978496815 |  |  |  |
| Aktien im Umlauf |  | 72 240.7610 | 77 340.3280 | - |
| Nettoinventarwert pro Aktie in GBP |  | 101.06 | 100.92 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in GBP 1 |  | 101.06 | 100.92 | - |
| Klasse I-A3-acc 2 | LU1978497037 |  |  |  |
| Aktien im Umlauf |  | 294.6470 | 306.7410 | - |
| Nettoinventarwert pro Aktie in GBP |  | 101.13 | 100.95 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in GBP 1 |  | 101.13 | 100.95 | - |
| Klasse P-acc | LU0224520709 |  |  |  |
| Aktien im Umlauf |  | 171 301.3230 | 181 775.5720 | 88 145.9420 |
| Nettoinventarwert pro Aktie in GBP |  | 140.93 | 141.10 | 138.63 |
| Ausgabe- und Rücknahmepreis pro Aktie in GBP 1 |  | 140.93 | 141.10 | 138.63 |
| Klasse Q-acc | LU0417381034 |  |  |  |
| Aktien im Umlauf |  | 5 766.5500 | 5 766.5500 | 1 110.2550 |
| Nettoinventarwert pro Aktie in GBP |  | 105.80 | 105.72 | 103.46 |
| Ausgabe- und Rücknahmepreis pro Aktie in GBP 1 |  | 105.80 | 105.72 | 103.46 |
| 1  Siehe Erläuterung 1 2  Erste NAV 29.5.2019 |  |  |  |  |

UBS (Lux) SICAV 2 – Medium Term Bonds (GBP) Halbjahresbericht per 30. April 2020

### Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Grossbritannien | 25.59 |
| --- | --- |
| Vereinigte Staaten | 15.13 |
| Deutschland | 12.89 |
| Frankreich | 9.17 |
| Kanada | 6.85 |
| Niederlande | 6.59 |
| Australien | 5.79 |
| Luxemburg | 4.45 |
| Supranational | 1.83 |
| Finnland | 1.82 |
| Norwegen | 1.64 |
| Spanien | 1.59 |
| Österreich | 1.52 |
| Schweden | 1.40 |
| Philippinen | 1.23 |
| Cayman-Inseln | 0.41 |
| Total | 97.90 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Banken & Kreditinstitute | 55.14 |
| --- | --- |
| Finanz- & Beteiligungsgesellschaften | 18.07 |
| Supranationale Organisationen | 11.96 |
| Öffentlich-rechtliche Körperschaften | 6.14 |
| Kantone, Bundesstaaten | 1.52 |
| Versicherungen | 0.92 |
| Energie- & Wasserversorgung | 0.91 |
| Pfandbriefinstitute & Refinanzierungsgesellschaften | 0.82 |
| Verkehr & Transport | 0.82 |
| Fahrzeuge | 0.79 |
| Anlagefonds | 0.41 |
| Gesundheits- & Sozialwesen | 0.40 |
| Total | 97.90 |


### Nettovermögensaufstellung
Aktiva	30.4.2020
GBP
Wertpapierbestand, Einstandswert	49 914 983.44
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	-706 822.34	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 49 208 161.10 |
| Bankguthaben, Sicht- und Fristgelder | 528 958.78 |
| Forderungen aus Zeichnungen | 59 673.32 |
| Zinsforderungen aus Wertpapieren | 435 158.33 |
| Zinsforderungen aus liquiden Mitteln | 84.23 |
| Sonstige Aktiva | 55 055.96 |
| Total Aktiva | 50 287 091.72 |
|  |  |
| Passiva |  |
| Verbindlichkeiten aus Rücknahmen | -1 013.85 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -12 838.60 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -1 230.23 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-8 263.22	 |
| Total Rückstellungen für Aufwendungen | -22 332.05 |
| Total Passiva | -23 345.90 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 50 263 745.82 |
| Ertrags- und Aufwandsrechnung | GBP |
| Erträge | 1.11.2019-30.4.2020 |
| Zinsertrag auf liquide Mittel | 159.23 |
| Zinsen auf Wertpapiere | 701 562.72 |
| Erträge aus Securities Lending (Erläuterung 12) | 16 872.13 |
| Sonstige Erträge (Erläuterung 4) | 20 635.59 |
| Total Erträge | 739 229.67 |
|  |  |
| Aufwendungen |  |
| Kosten aus Securities Lending (Erläuterung 12) | -6 748.85 |
| Pauschale Verwaltungskommission (Erläuterung 2) | -165 829.67 |
| Abonnementsabgabe (Erläuterung 3) | -7 489.94 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -8 186.85 |
| Total Aufwendungen | -188 255.31 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | 550 974.36 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | -587 344.84 |
| Realisierter Währungsgewinn (-verlust) | 770.30 |
| Total der realisierten Gewinne (Verluste) | -586 574.54 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | -35 600.18 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 42 649.33 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 42 649.33 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 7 049.15 |

UBS (Lux) SICAV 2 – Medium Term Bonds (GBP) Halbjahresbericht per 30. April 2020
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  |  | GBP |
|  |  | 1.11.2019-30.4.2020 |
| Nettovermögen zu Beginn der Berichtsperiode |  | 58 731 611.90 |
| Zeichnungen |  | 2 265 519.91 |
| Rücknahmen |  | 	-10 233 234.70	 |
| Total Mittelzufluss (-abfluss) |  | -7 967 714.79 |
| Ausbezahlte Dividende |  | -507 200.44 |
| Nettoerträge (-verluste) aus Anlagen |  | 550 974.36 |
| Total der realisierten Gewinne (Verluste) |  | -586 574.54 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) |  | 	42 649.33	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit |  | 7 049.15 |
| Nettovermögen am Ende der Berichtsperiode |  | 50 263 745.82 |
| Entwicklung der Aktien im Umlauf |  |  |
|  |  | 1.11.2019-30.4.2020 |
| Klasse |  | F-UKdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 236 677.8650 |
| Anzahl der ausgegebenen Aktien |  | 14 155.1960 |
| Anzahl der zurückgegebenen Aktien |  | -79 624.6740 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 171 208.3870 |
| Klasse |  | I-A1-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 21 840.3930 |
| Anzahl der ausgegebenen Aktien |  | 1 105.0000 |
| Anzahl der zurückgegebenen Aktien |  | -795.6200 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 22 149.7730 |
| Klasse |  | I-A2-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 77 340.3280 |
| Anzahl der ausgegebenen Aktien |  | 4 728.0000 |
| Anzahl der zurückgegebenen Aktien |  | -9 827.5670 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 72 240.7610 |
| Klasse |  | I-A3-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 306.7410 |
| Anzahl der ausgegebenen Aktien |  | 0.0000 |
| Anzahl der zurückgegebenen Aktien |  | -12.0940 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 294.6470 |
| Klasse |  | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 181 775.5720 |
| Anzahl der ausgegebenen Aktien |  | 2 593.8280 |
| Anzahl der zurückgegebenen Aktien |  | -13 068.0770 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 171 301.3230 |
| Klasse |  | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  | 5 766.5500 |
| Anzahl der ausgegebenen Aktien |  | 0.0000 |
| Anzahl der zurückgegebenen Aktien |  | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  | 5 766.5500 |
| Ausschüttung 1 |  |  |
| UBS (Lux) SICAV 2 – Medium Term Bonds (GBP)	Ex-Date | Pay-Date | Währung	Betrag pro Aktie |
| F-UKdist*	15.11.2019 | 20.11.2019 | GBP	2.14 |
| 1  Siehe Erläuterung 5 |  |  |

* 100% Ausschüttung des gemäss britischem Rechts zu versteuernden Ertrags
UBS (Lux) SICAV 2 – Medium Term Bonds (GBP) Halbjahresbericht per 30. April 2020

### Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. April 2020
| Bezeichnung | Anzahl/ | Bewertung in GBP | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Notes, fester Zins |  |  |  |
| GBP |  |  |  |
| GBP	ANGLIAN WATER SERVICES FINANCING PLC STEP-UP 98-21.08.23 | 100 000.00 | 117 148.84 | 0.23 |
| GBP	CITIGROUP INC 2.75000% 19-24.01.24 | 400 000.00 | 410 604.28 | 0.82 |
| GBP	CREDIT AGRICOLE SA-REG-S 1.25000% 19-02.10.24 | 300 000.00 | 295 045.20 | 0.59 |
| GBP	EUROPEAN INVESTMENT BANK-REG-S 0.75000% 19-15.11.24 | 600 000.00 | 607 191.24 | 1.21 |
| GBP	INTERNATIONAL DEVELOPMENT ASSOC-REG-S 0.75000% 20-12.12.24 | 800 000.00 | 806 612.56 | 1.60 |
| GBP	INTL BK FOR RECONSTR & DEVT WORLD BANK 0.87500% 19-13.12.24 | 500 000.00 | 507 317.10 | 1.01 |
| GBP	METLIFE INC 5.37500% 04-09.12.24 | 400 000.00 | 460 372.80 | 0.92 |
| GBP	UNITE USAF II PLC 3.37400% 13-30.06.23 | 200 000.00 | 208 116.80 | 0.41 |
| Total GBP |  | 3 412 408.82 | 6.79 |
| Total Notes, fester Zins |  | 3 412 408.82 | 6.79 |
| Medium-Term Notes, fester Zins |  |  |  |
| GBP |  |  |  |
| GBP	ABN AMRO BANK NV-REG-S 1.37500% 17-07.06.22 | 700 000.00 | 697 053.00 | 1.39 |
| GBP	ALBERTA, PROVINCE OF-REG-S 1.00000% 17-15.11.21 | 150 000.00 | 150 904.20 | 0.30 |
| GBP	AMERICAN HONDA FINANCE CORP 2.62500% 15-14.10.22 | 400 000.00 | 405 880.48 | 0.81 |
| GBP	ASIAN DEVELOPMENT BANK-REG-S 1.37500% 18-15.12.23 | 600 000.00 | 619 277.34 | 1.23 |
| GBP	BANCO SANTANDER SA-REG-S 2.75000% 18-12.09.23 | 400 000.00 | 410 300.00 | 0.82 |
| GBP	BANCO SANTANDER SA-REG-S 1.37500% 19-31.07.24 | 400 000.00 | 390 512.80 | 0.78 |
| GBP	BANK OF AMERICA CORP 6.12500% 09-15.09.21 | 600 000.00 | 636 693.60 | 1.27 |
| GBP	BANK OF MONTREAL-REG-S 1.50000% 19-18.12.24 | 300 000.00 | 294 911.12 | 0.59 |
| GBP	BANK OF NOVA SCOTIA-REG-S 1.25000% 17-08.06.22 | 500 000.00 | 496 287.00 | 0.99 |
| GBP	BANK OF SCOTLAND PLC 4.87500% 04-20.12.24 | 600 000.00 | 706 658.04 | 1.41 |
| GBP	BANQUE FEDER DU CREDIT MUTUE-REG-S 2.25000% 19-18.12.23 | 200 000.00 | 203 579.20 | 0.41 |
| GBP	BANQUE FEDER DU CREDIT MUTUE-REG-S 1.75000% 19-19.12.24 | 300 000.00 | 299 346.00 | 0.59 |
| GBP	BANQUE FEDER DU CREDIT MUTUEL-REG-S 1.87500% 18-13.12.22 | 100 000.00 | 100 545.40 | 0.20 |
| GBP	BARCLAYS BANK UK PLC-REG-S 4.25000% 12-12.01.22 | 1 400 000.00 | 1 486 710.40 | 2.96 |
| GBP	BAT INTERNATIONAL FINANCE PLC-REG-S 1.75000% 16-05.07.21 | 400 000.00 | 399 232.80 | 0.79 |
| GBP	BAYERISCHE LANDESBANK-REG-S 1.25000% 17-20.12.21 | 900 000.00 | 908 510.04 | 1.81 |
| GBP	BMW FINANCE NV-REG-S 0.87500% 16-16.08.22 | 200 000.00 | 194 372.00 | 0.39 |
| GBP	BMW INTERNATIONAL INVESTMENT BV-REG-S 1.37500% 19-01.10.24 | 600 000.00 | 578 790.00 | 1.15 |
| GBP	BNG BANK NV 5.37500% 98-07.06.21 | 200 000.00 | 210 642.80 | 0.42 |
| GBP	BNG BANK NV-REG-S 1.00000% 18-17.06.22 | 200 000.00 | 201 944.40 | 0.40 |
| GBP	BNP PARIBAS 1.12500% 16-16.08.22 | 400 000.00 | 397 885.60 | 0.79 |
| GBP	CADENT FINANCE PLC-REG-S 1.12500% 16-22.09.21 | 100 000.00 | 99 581.00 | 0.20 |
| GBP	CLOSE BROTHERS FINANCE PLC-REG-S 3.87500% 14-27.06.21 | 200 000.00 | 203 722.66 | 0.41 |
| GBP	CLOSE BROTHERS GROUP PLC-REG-S 2.75000% 18-26.04.23 | 200 000.00 | 201 286.00 | 0.40 |
| GBP	COMMONWEALTH BANK OF AUSTRALIA-REG-S 1.12500% 17-22.12.21 | 350 000.00 | 352 849.70 | 0.70 |
| GBP	COVENTRY BUILDING SOCIETY 5.87500% 10-28.09.22 | 550 000.00 | 603 020.00 | 1.20 |
| GBP	COVENTRY BUILDING SOCIETY-REG-S 1.87500% 17-24.10.23 | 300 000.00 | 300 449.40 | 0.60 |
| GBP	CREDIT AGRICOLE SA LONDON 5.50000% 11-17.12.21 | 350 000.00 | 371 613.90 | 0.74 |
| GBP	DAIMLER INTERNATIONAL FINANCE BV-REG-S 2.12500% 16-07.06.22 | 400 000.00 | 397 200.00 | 0.79 |
| GBP	DAIMLER INTERNATIONAL FINANCE BV-REG-S 2.00000% 18-04.09.23 | 300 000.00 | 293 340.00 | 0.58 |
| GBP	DEUTSCHE BAHN FINANCE BV 2.75000% 12-20.06.22 | 350 000.00 | 362 847.80 | 0.72 |
| GBP	DEXIA CREDIT LOCAL DE FRANCE-REG-S 0.87500% 16-07.09.21 | 200 000.00 | 200 931.64 | 0.40 |
| GBP	DEXIA CREDIT LOCAL SA-REG-S 1.12500% 17-15.06.22 | 500 000.00 | 505 479.50 | 1.01 |
| GBP	DEXIA CREDIT LOCAL SA-REG-S 1.62500% 18-08.12.23 | 400 000.00 | 413 572.80 | 0.82 |
| GBP	ELECTRICITE DE FRANCE 6.87500% 08-12.12.22 | 400 000.00 | 454 668.80 | 0.90 |
| GBP	EUROPEAN INVESTMENT BANK 2.50000% 12-31.10.22 | 400 000.00 | 420 511.20 | 0.84 |
| GBP	EUROPEAN INVESTMENT BANK-REG-S 1.12500% 16-07.09.21 | 50 000.00 | 50 496.70 | 0.10 |
| GBP	EUROPEAN INVESTMENT BANK-REG-S 0.87500% 17-15.12.23 | 525 000.00 | 532 803.60 | 1.06 |
| GBP	EUROPEAN INVESTMENT BANK-REG-S 1.37500% 18-07.03.25 | 600 000.00 | 623 406.00 | 1.24 |
| GBP	HSBC HOLDINGS PLC 6.50000% 09-20.05.24 | 400 000.00 | 470 640.00 | 0.94 |
| GBP	INTERNATIONAL FINANCE CORP 1.37500% 18-07.03.25 | 300 000.00 | 310 950.60 | 0.62 |
| GBP	INTL BK FOR RECONSTR & DEVT WORLD BANK 1.00000% 18-19.12.22 | 300 000.00 | 304 254.00 | 0.61 |
| GBP	KOMMUNALBANKEN AS-REG-S 1.50000% 18-15.12.23 | 400 000.00 | 412 832.00 | 0.82 |
| GBP	KREDITANSTALT FUER WIEDERAUFBAU-REG-S 1.25000% 18-29.12.23 | 750 000.00 | 770 755.50 | 1.53 |
| GBP	KREDITANSTALT FUER WIEDERAUFBAU-REG-S 1.37500% 19-09.12.24 | 800 000.00 | 830 257.60 | 1.65 |
| GBP	LANDESKREDITBANK B-WUERTT FOERDBK-REG-S 0.87500% 17-07.03.22 | 550 000.00 | 553 555.20 | 1.10 |
| GBP	LANDWIRTSCHAFTLICHE RENTENBANK-REG-S 1.12500% 17-15.12.23 | 400 000.00 | 408 762.41 | 0.81 |
| GBP	LANDWIRTSCHAFTLICHE RENTENBANK-REG-S 1.37500% 19-16.12.24 | 400 000.00 | 414 232.00 | 0.82 |
| GBP	LLOYDS BANK PLC 7.50000% 09-15.04.24 | 400 000.00 | 484 520.00 | 0.96 |
| GBP	LLOYDS BANKING GROUP PLC 2.25000% 17-16.10.24 | 800 000.00 | 804 809.60 | 1.60 |
| GBP	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 2.87500% 13-11.01.23 | 100 000.00 | 102 990.60 | 0.20 |
| GBP	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 2.62500% 15-05.12.22 | 400 000.00 | 411 280.00 | 0.82 |
| GBP	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 1.12500% 17-15.12.21 | 700 000.00 | 695 069.20 | 1.38 |
| GBP	NATIONAL AUSTRALIA BANK LTD 5.12500% 09-09.12.21 | 900 000.00 | 946 522.80 | 1.88 |
| GBP	NATIONAL AUSTRALIA BANK LTD-REG-S 1.12500% 16-10.11.21 | 500 000.00 | 503 112.00 | 1.00 |
| GBP	NATIONWIDE BUILDING SOCIETY-REG-S 2.25000% 15-29.04.22 | 500 000.00 | 508 205.00 | 1.01 |
| GBP	NETWORK RAIL MTN FINANCE PLC-REG-S 4.75000% 05-22.01.24 | 400 000.00 | 463 036.00 | 0.92 |
| GBP	NEW YORK LIFE GLOBAL FUNDING-REG-S 1.00000% 17-15.12.21 | 500 000.00 | 495 929.00 | 0.99 |
| GBP	NEW YORK LIFE GLOBAL FUNDING-REG-S 1.75000% 18-15.12.22 | 400 000.00 | 401 573.20 | 0.80 |
| GBP	NORDEA BANK ABP-REG-S 2.37500% 15-02.06.22 | 450 000.00 | 456 177.60 | 0.91 |
| GBP	NORDIC INVESTMENT BANK-REG-S 1.12500% 18-15.12.23 | 600 000.00 | 612 529.20 | 1.22 |
| GBP	OESTERREICHISCHE KONTROLLBANK AG-REG-S 0.75000% 17-07.03.22 | 350 000.00 | 351 659.00 | 0.70 |
| GBP	OESTERREICHISCHE KONTROLLBANK AG-REG-S 1.25000% 19-15.12.23 | 400 000.00 | 409 496.00 | 0.81 |
| GBP	OP CORPORATE BANK PLC-REG-S 2.50000% 15-20.05.22 | 450 000.00 | 460 276.20 | 0.92 |
| GBP	RABOBANK NEDERLAND NV 4.87500% 06-10.01.23 | 300 000.00 | 326 168.40 | 0.65 |
| GBP	RABOBANK NEDERLAND NV-REG-S 2.25000% 15-23.03.22 | 200 000.00 | 203 025.60 | 0.40 |
| GBP	ROYAL BANK OF CANADA-REG-S 1.12500% 17-22.12.21 | 480 000.00 | 483 231.36 | 0.96 |
| GBP	ROYAL BANK OF CANADA-REG-S 1.37500% 19-09.12.24 | 300 000.00 | 295 622.40 | 0.59 |
| GBP	SANTANDER UK PLC-REG-S 5.12500% 11-14.04.21 | 1 400 000.00 | 1 459 116.40 | 2.90 |
| GBP	SCENTRE GROUP TRUST 1 / 2-REG-S 2.37500% 15-08.04.22 | 700 000.00 | 702 520.00 | 1.40 |
| GBP	SKANDINAVISKA ENSKILDA BANKEN AB-REG-S 1.25000% 16-05.08.22 | 400 000.00 | 396 012.00 | 0.79 |
| GBP	SNCF RESEAU-REG-S 5.50000% 98-01.12.21 | 800 000.00 | 860 824.00 | 1.71 |

UBS (Lux) SICAV 2 – Medium Term Bonds (GBP) Halbjahresbericht per 30. April 2020
|  | Bezeichnung | Anzahl/ | Bewertung in GBP | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| GBP | SOUTHERN WATER SERVICES (FINANCE) LTD 5.00000% 05-31.03.21 | 200 000.00 | 206 414.00 | 0.41 |
| GBP | SPAREBANKEN 1 BOLIGKREDITT-REG-S 1.75000% 18-18.12.23 | 400 000.00 | 412 824.80 | 0.82 |
| GBP | SVENSKA HANDELSBANKEN AB-REG-S 2.75000% 12-05.12.22 | 300 000.00 | 308 817.00 | 0.61 |
| GBP | TOTAL CAPITAL INTERNATIONAL SA-REG-S 2.25000% 15-09.06.22 | 500 000.00 | 506 980.00 | 1.01 |
| GBP | TOYOTA MOTOR CREDIT CORP-REG-S 1.00000% 16-27.09.22 | 400 000.00 | 393 178.40 | 0.78 |
| GBP | TRANSPORT FOR LONDON 2.25000% 12-09.08.22 | 400 000.00 | 411 827.20 | 0.82 |
| GBP | WELLS FARGO & CO-REG-S 2.12500% 15-22.04.22 | 250 000.00 | 251 650.00 | 0.50 |
| GBP | WELLS FARGO & CO-REG-S 2.12500% 17-20.12.23 | 400 000.00 | 401 903.04 | 0.80 |
| GBP | WELLS FARGO & CO-REG-S 1.37500% 17-30.06.22 | 300 000.00 | 297 365.05 | 0.59 |
| GBP | WESTPAC BANKING CORP-REG-S 2.62500% 15-14.12.22 | 300 000.00 | 305 985.60 | 0.61 |
| GBP | WESTPAC BANKING CORP-REG-S 1.00000% 17-30.06.22 | 100 000.00 | 100 516.00 | 0.20 |
| Total GBP |  |  | 37 085 222.88 | 73.78 |
| Total Medium-Term Notes, fester Zins |  | 37 085 222.88 | 73.78 |
| Anleihen, fester Zins |  |  |  |
| GBP |  |  |  |
| GBP	BUPA FINANCE PLC-REG-S 2.00000% 17-05.04.24 | 200 000.00 | 201 416.40 | 0.40 |
| GBP	CANADIAN IMPERIAL BANK OF COM/CAN-REG-S 1.12500% 17-30.06.22 | 600 000.00 | 605 836.80 | 1.20 |
| GBP	CE ELECTRIC UK FUNDING COMPANY 7.25000% 97-15.12.22 | 200 000.00 | 231 259.96 | 0.46 |
| GBP	CPPIB CAPITAL INC-REG-S 0.87500% 20-17.12.24 | 500 000.00 | 504 103.75 | 1.00 |
| GBP	FMS WERTMANAGEMENT-REG-S 0.87500% 17-14.02.22 | 1 300 000.00 | 1 309 945.00 | 2.61 |
| GBP	FMS WERTMANAGEMENT-REG-S 1.12500% 17-07.09.23 | 900 000.00 | 917 361.00 | 1.83 |
| GBP	FRIENDS LIFE HOLDINGS PLC-REG-S-SUB 8.25000% 11-21.04.22 | 500 000.00 | 558 082.55 | 1.11 |
| GBP	INTER-AMERICAN DEVELOPMENT BANK 1.25000% 18-15.12.23 | 600 000.00 | 614 901.66 | 1.22 |
| GBP	LLOYDS BANK PLC-REG-S 1.75000% 15-31.03.22 | 1 100 000.00 | 1 122 006.60 | 2.23 |
| GBP	NATIONAL WESTMINSTER BANK PLC-REG-S 5.12500% 12-13.01.24 | 400 000.00 | 463 348.00 | 0.92 |
| GBP	NETWORK RAIL INFRASTRUCTURE FINANCE 3.00000% 13-07.09.23 | 300 000.00 | 325 407.00 | 0.65 |
| GBP	QUEBEC, PROVINCE OF-REG-S 0.87500% 17-24.05.22 | 200 000.00 | 200 986.00 | 0.40 |
| GBP	QUEBEC, PROVINCE OF-REG-S 1.50000% 18-15.12.23 | 400 000.00 | 410 738.60 | 0.82 |
| GBP	RABOBANK INTERNATIONAL 4.00000% 12-19.09.22 | 200 000.00 | 211 628.00 | 0.42 |
| GBP	YORKSHIRE WATER SERVICES FINANCE PLC 6.58760% 09-21.02.23 | 200 000.00 | 229 063.68 | 0.46 |
| Total GBP |  | 7 906 085.00 | 15.73 |
| Total Anleihen, fester Zins |  | 7 906 085.00 | 15.73 |
| Anleihen, variabler Zins |  |  |  |
| GBP |  |  |  |
| GBP	HSBC HOLDINGS PLC 2.175%/VAR 18-27.06.23 | 800 000.00 | 804 444.40 | 1.60 |
| Total GBP |  | 804 444.40 | 1.60 |
| Total Anleihen, variabler Zins |  | 804 444.40 | 1.60 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  | 49 208 161.10 | 97.90 |
| Total des Wertpapierbestandes |  | 49 208 161.10 | 97.90 |
|  |  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel |  | 528 958.78 | 1.05 |
| Andere Aktiva und Passiva |  | 526 625.94 | 1.05 |
| Total des Nettovermögens |  | 50 263 745.82 | 100.00 |

UBS (Lux) SICAV 2 – Medium Term Bonds (GBP) Halbjahresbericht per 30. April 2020