# UBS (Lux) Bond SICAV
– Emerging Economies Corporates (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Net assets in USD |  | 459 014 847.57 | 452 291 254.26 | 449 227 546.93 |
| Class F-acc | LU1611257178 |  |  |  |
| Shares outstanding |  | 729 118.0000 | 718 283.0000 | 477 506.0000 |
| Net asset value per share in USD |  | 113.43 | 107.42 | 100.17 |
| Issue and redemption price per share in USD 1 |  | 113.43 | 107.42 | 100.17 |
| Class I-X-acc | LU1564462544 |  |  |  |
| Shares outstanding |  | 149 698.0910 | 103 336.0910 | 3 681.8230 |
| Net asset value per share in USD |  | 117.84 | 111.24 | 103.06 |
| Issue and redemption price per share in USD 1 |  | 117.84 | 111.24 | 103.06 |
| Class I-X-dist | LU1092615647 |  |  |  |
| Shares outstanding |  | 2 619 868.7900 | 2 728 323.7900 | 3 259 424.7900 |
| Net asset value per share in USD |  | 106.65 | 106.12 | 103.72 |
| Issue and redemption price per share in USD 1 |  | 106.65 | 106.12 | 103.72 |
| Class K-X-acc | LU1564462460 |  |  |  |
| Shares outstanding |  | 256 695.7770 | 145 616.3300 | 55 060.8480 |
| Net asset value per share in USD |  | 117.74 | 111.17 | 103.04 |
| Issue and redemption price per share in USD 1 |  | 117.74 | 111.17 | 103.04 |
| Class (EUR hedged) K-X-acc 2 | LU1620846409 |  |  |  |
| Shares outstanding |  | - | - | 137 327.18 |
| Net asset value per share in EUR |  | - | - | 98.32 |
| Issue and redemption price per share in EUR 1 |  | - | - | 98.32 |
| Class (EUR hedged) K-X-mdist 3 | LU1957417782 |  |  |  |
| Shares outstanding |  | 165 926.7630 | 188 898.0000 | - |
| Net asset value per share in EUR |  | 101.32 | 100.25 | - |
| Issue and redemption price per share in EUR 1 |  | 101.32 | 100.25 | - |
| Class (EUR hedged) P-4%-qdist | LU1669357250 |  |  |  |
| Shares outstanding |  | 5 080.3930 | 2 042.3670 | 153.3640 |
| Net asset value per share in EUR |  | 93.46 | 92.11 | 93.06 |
| Issue and redemption price per share in EUR 1 |  | 93.46 | 92.11 | 93.06 |
| Class P-acc | LU0896022034 |  |  |  |
| Shares outstanding |  | 19 137.1050 | 23 642.5500 | 36 946.8690 |
| Net asset value per share in USD |  | 123.98 | 118.10 | 111.44 |
| Issue and redemption price per share in USD 1 |  | 123.98 | 118.10 | 111.44 |
| Class (CHF hedged) P-acc 4 | LU0896022380 |  |  |  |
| Shares outstanding |  | - | 29 793.7000 | 32 682.8200 |
| Net asset value per share in CHF |  | - | 106.48 | 103.80 |
| Issue and redemption price per share in CHF 1 |  | - | 106.48 | 103.80 |
| Class (EUR hedged) P-acc | LU0896022620 |  |  |  |
| Shares outstanding |  | 36 153.3110 | 34 400.9000 | 22 518.0460 |
| Net asset value per share in EUR |  | 113.06 | 109.21 | 106.03 |
| Issue and redemption price per share in EUR 1 |  | 113.06 | 109.21 | 106.03 |
| Class P-dist | LU0896022117 |  |  |  |
| Shares outstanding |  | 4 104.0770 | 4 551.9950 | 5 618.5700 |
| Net asset value per share in USD |  | 100.74 | 99.40 | 97.07 |
| Issue and redemption price per share in USD 1 |  | 100.74 | 99.40 | 97.07 |
| Class (CHF hedged) P-dist 4 | LU0896022463 |  |  |  |
| Shares outstanding |  | - | 35 809.9710 | 40 285.7210 |
| Net asset value per share in CHF |  | - | 89.49 | 90.39 |
| Issue and redemption price per share in CHF 1 |  | - | 89.49 | 90.39 |
| Class (EUR hedged) P-dist | LU0896022893 |  |  |  |
| Shares outstanding |  | 13 697.5140 | 14 208.7130 | 14 099.6110 |
| Net asset value per share in EUR |  | 91.29 | 91.51 | 92.06 |
| Issue and redemption price per share in EUR 1 |  | 91.29 | 91.51 | 92.06 |
| Class Q-acc | LU1240772738 |  |  |  |
| Shares outstanding |  | 162 432.3600 | 141 103.7870 | 170 208.5160 |
| Net asset value per share in USD |  | 129.23 | 122.61 | 114.75 |
| Issue and redemption price per share in USD 1 |  | 129.23 | 122.61 | 114.75 |
| Class (CHF hedged) Q-acc 4 | LU1240772225 |  |  |  |
| Shares outstanding |  | - | 26 011.8660 | 36 840.5490 |
| Net asset value per share in CHF |  | - | 111.90 | 108.20 |
| Issue and redemption price per share in CHF 1 |  | - | 111.90 | 108.20 |
| Class Q-dist | LU1240772811 |  |  |  |
| Shares outstanding |  | 2 846.3400 | 2 924.8180 | 4 133.0750 |
| Net asset value per share in USD |  | 110.84 | 109.79 | 107.26 |
| Issue and redemption price per share in USD 1 |  | 110.84 | 109.79 | 107.26 |

UBS (Lux) Bond SICAV – Emerging Economies Corporates (USD) Semi-Annual Report as of 30 November 2019
ISIN	30.11.2019	31.5.2019	31.5.2018
| Class (CHF hedged) Q-dist 4	 LU1240772498 |  |
| --- | --- |
| Shares outstanding | - | 8 763.5030 | 13 014.0210 |
| Net asset value per share in CHF | - | 100.05 | 101.13 |
| Issue and redemption price per share in CHF 1 | - | 100.05 | 101.13 |
| 1  See note 1 2  For the period from 2.6.2017 to 22.3.2019 the share class (EUR hedged) K-X-acc was in circulation 3  First NAV: 21.3.2019 |  |  |  |

4 
The share classes (CHF hedged) P-acc, (CHF hedged) P-dist, (CHF hedged) Q-acc and (CHF hedged) Q-dist were in circulation until 14.10.2019

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
Cayman Islands	8.68
Ireland	7.46
Luxembourg	7.34
The Netherlands	7.20
Mexico	5.61
United Arab Emirates	4.77
Hong Kong	4.31
Turkey	4.20
United Kingdom	3.72
Singapore	3.41
Chile	3.35
South Korea	2.98
China	2.97
Brazil	2.92
India	2.90
Colombia	2.51
British Virgin Islands	2.36
Peru	1.79
Argentina	1.59
Macau	1.58
Saudi Arabia	1.46
Thailand	1.39
Bermuda	1.21
Panama	1.11
Mauritius	1.10
Indonesia	1.01
United States	0.95
Angola	0.91
Israel	0.91
Austria	0.71
Mongolia	0.71
Canada	0.68
Ukraine	0.65
Egypt	0.64
Nigeria	0.56
South Africa	0.54
Bahrain	0.45
Qatar	0.41
Curacao	0.41
Kuwait	0.37
Costa Rica	0.37
Spain	0.35
Cyprus	0.14
Uzbekistan	0.14
Morocco	0.14
Guatemala	0.13
Trinidad And Tobago	0.11
Economic Breakdown as a % of net assets	
Finance & holding companies	31.89
Banks & credit institutions	15.27
Petroleum	6.67
Investment funds	5.43
Mining, coal & steel	3.96
Telecommunications	3.92
Countries & central governments	3.90
Energy & water supply	3.60
Chemicals	3.25
Miscellaneous services	2.67
Real Estate	2.65
Food & soft drinks	2.12
Lodging, catering & leisure	1.58
Pharmaceuticals, cosmetics & medical products	1.58
Non-ferrous metals	1.55
Electrical devices & components	1.37
Traffic & transportation	1.23
Insurance	0.97
Forestry, paper & pulp products	0.97
Building industry & materials	0.74
Mortgage & funding institutions	0.70
Supranational organisations	0.56
Agriculture & fishery	0.53
Miscellaneous consumer goods	0.46
Precious metals & stones	0.38
Vehicles	0.31
Public, non-profit institutions	0.26
Miscellaneous unclassified companies	0.20
Mechanical engineering & industrial equipment	0.18
Packaging industry	0.16
Retail trade, department stores	0.15
Total	99.21
Total	99.21
UBS (Lux) Bond SICAV – Emerging Economies Corporates (USD) Semi-Annual Report as of 30 November 2019

## Statement of Net Assets
Assets	30.11.2019
USD
Investments in securities, cost	441 673 734.97
Investments in securities, unrealized appreciation (depreciation)		13 718 532.97	 Total investments in securities (Note 1)			455 392 267.94
Cash at banks, deposits on demand and deposit accounts	2 100 262.40*
Other liquid assets (Margins)	263 954.53
Receivable on securities sales (Note 1)	1 013 529.47
Receivable on subscriptions	180 401.04
Interest receivable on securities	5 021 038.91
Receivable on dividends	36 524.02
Unrealized gain (loss) on financial futures (Note 1)	224.69
Unrealized gain (loss) on forward foreign exchange contracts (Note 1)	17 203.97
Total Assets	463 935 986.29
Liabilities
Unrealized gain (loss) on swaps (Note 1)	-89 420.68
Bank overdraft	-13 064.35
Payable on securities purchases (Note 1)	-3 562 745.10
Payable on redemptions	-1 271 272.25
Provisions for flat fee (Note 2)	-35 358.34
Provisions for taxe d’abonnement (Note 3)	-12 612.97
Provisions for other commissions and fees (Note 2)		-26 085.71		 Total provisions			-74 057.02
Total Liabilities	-4 921 138.72
Net assets at the end of the period	459 014 847.57

## Statement of Operations
Income	1.6.2019-30.11.2019
USD
Interest on liquid assets	24 040.40
Interest on securities	11 533 395.02
Dividends	323 879.40
Interest received on swaps (Note 1)	9 983.34
Income on securities lending (Note 13)	173 829.53
Total income	12 078 763.24
Expenses
Other income (Note 4)	13 635.55
Interest paid on swaps (Note 1)	-30 144.45
Flat fee (Note 2)	-515 100.47
Taxe d’abonnement (Note 3)	-39 815.39
Cost on securities lending (Note 13)	-69 531.81
Other commissions and fees (Note 2)	-26 519.58
Net income (loss) on investments	11 393 707.85
Total expenses	-685 055.39
Interest on cash and bank overdraft	-3 943.69
Realized gain (loss) (Note 1)
Realized gain (loss) on market-priced securities without options	4 796 761.39
Realized gain (loss) on yield-evaluated securities and money market instruments	-56 112.84
Realized gain (loss) on financial futures	-793 664.71
Realized gain (loss) on forward foreign exchange contracts	-740 705.85
Realized gain (loss) on swaps	361 314.80
Total realized gain (loss)	3 600 457.24
Net realized gain (loss) of the period	14 994 165.09
Changes in unrealized appreciation (depreciation) (Note 1)
Realized gain (loss) on foreign exchange	32 864.45
Unrealized appreciation (depreciation) on market-priced securities without options	10 866 366.69
Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments	14 414.68
Unrealized appreciation (depreciation) on financial futures	-2 164.17
Unrealized appreciation (depreciation) on forward foreign exchange contracts	-19 428.00
Total changes in unrealized appreciation (depreciation)	10 294 055.82
Net increase (decrease) in net assets as a result of operations	25 288 220.91
Unrealized appreciation (depreciation) on swaps	-565 133.38
* As at 30 November 2019, cash amounts serve as collateral for the counterparty HSBC for an amount of USD 850 000.00.
UBS (Lux) Bond SICAV – Emerging Economies Corporates (USD) Semi-Annual Report as of 30 November 2019
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-30.11.2019 |
| Net assets at the beginning of the period | 452 291 254.26 |
| Subscriptions | 38 809 199.41 |
| Redemptions | 	-41 518 785.05	 |
| Total net subscriptions (redemptions) | -2 709 585.64 |
| Dividend paid | -15 855 041.96 |
| Net income (loss) on investments | 11 393 707.85 |
| Total realized gain (loss) | 3 600 457.24 |
| Total changes in unrealized appreciation (depreciation) | 	10 294 055.82	 |
| Net increase (decrease) in net assets as a result of operations | 25 288 220.91 |
| Net assets at the end of the period | 459 014 847.57 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2019-30.11.2019 |
| Class | F-acc |
| Number of shares outstanding at the beginning of the period | 718 283.0000 |
| Number of shares issued | 39 313.0000 |
| Number of shares redeemed | -28 478.0000 |
| Number of shares outstanding at the end of the period | 729 118.0000 |
| Class | I-X-acc |
| Number of shares outstanding at the beginning of the period | 103 336.0910 |
| Number of shares issued | 46 362.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 149 698.0910 |
| Class | I-X-dist |
| Number of shares outstanding at the beginning of the period | 2 728 323.7900 |
| Number of shares issued | 10 827.0000 |
| Number of shares redeemed | -119 282.0000 |
| Number of shares outstanding at the end of the period | 2 619 868.7900 |
| Class | K-X-acc |
| Number of shares outstanding at the beginning of the period | 145 616.3300 |
| Number of shares issued | 138 120.2640 |
| Number of shares redeemed | -27 040.8170 |
| Number of shares outstanding at the end of the period | 256 695.7770 |
| Class | (EUR hedged) K-X-mdist |
| Number of shares outstanding at the beginning of the period | 188 898.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -22 971.2370 |
| Number of shares outstanding at the end of the period | 165 926.7630 |
| Class | (EUR hedged) P-4%-qdist |
| Number of shares outstanding at the beginning of the period | 2 042.3670 |
| Number of shares issued | 3 038.0260 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 5 080.3930 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 23 642.5500 |
| Number of shares issued | 71.3650 |
| Number of shares redeemed | -4 576.8100 |
| Number of shares outstanding at the end of the period | 19 137.1050 |
| Class | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 29 793.7000 |
| Number of shares issued | 10 225.7820 |
| Number of shares redeemed | -40 019.4820 |
| Number of shares outstanding at the end of the period | 0.0000 |
| Class | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 34 400.9000 |
| Number of shares issued | 49 444.9320 |
| Number of shares redeemed | -47 692.5210 |
| Number of shares outstanding at the end of the period | 36 153.3110 |
| Class | P-dist |
| Number of shares outstanding at the beginning of the period | 4 551.9950 |
| Number of shares issued | 1 106.9740 |
| Number of shares redeemed | -1 554.8920 |
| Number of shares outstanding at the end of the period | 4 104.0770 |
| Class | (CHF hedged) P-dist |
| Number of shares outstanding at the beginning of the period | 35 809.9710 |
| Number of shares issued | 6 425.9340 |
| Number of shares redeemed | -42 235.9050 |
| Number of shares outstanding at the end of the period | 0.0000 |
| Class | (EUR hedged) P-dist |
| Number of shares outstanding at the beginning of the period | 14 208.7130 |
| Number of shares issued | 274.4830 |
| Number of shares redeemed | -785.6820 |
| Number of shares outstanding at the end of the period | 13 697.5140 |

UBS (Lux) Bond SICAV – Emerging Economies Corporates (USD) Semi-Annual Report as of 30 November 2019
| Class |  |  | Q-acc |
| --- | --- | --- | --- |
| Number of shares outstanding at the beginning of the period |  |  | 141 103.7870 |
| Number of shares issued |  |  | 28 328.5730 |
| Number of shares redeemed |  |  | -7 000.0000 |
| Number of shares outstanding at the end of the period |  |  | 162 432.3600 |
| Class |  |  | (CHF hedged) Q-acc |
| Number of shares outstanding at the beginning of the period |  |  | 26 011.8660 |
| Number of shares issued |  |  | 400.0000 |
| Number of shares redeemed |  |  | -26 411.8660 |
| Number of shares outstanding at the end of the period |  |  | 0.0000 |
| Class |  |  | Q-dist |
| Number of shares outstanding at the beginning of the period |  |  | 2 924.8180 |
| Number of shares issued |  |  | 102.0000 |
| Number of shares redeemed |  |  | -180.4780 |
| Number of shares outstanding at the end of the period |  |  | 2 846.3400 |
| Class |  |  | (CHF hedged) Q-dist |
| Number of shares outstanding at the beginning of the period |  |  | 8 763.5030 |
| Number of shares issued |  |  | 113.0000 |
| Number of shares redeemed |  |  | -8 876.5030 |
| Number of shares outstanding at the end of the period |  |  | 0.0000 |
| Annual Distribution 1 |  |  |  |
| UBS (Lux) Bond SICAV – Emerging Economies Corporates (USD)	Ex-Date | Pay-Date | Currency | Amount per share |
| I-X-dist	1.8.2019 | 6.8.2019 | USD | 5.65 |
| P-dist	1.8.2019 | 6.8.2019 | USD | 3.55 |
| (CHF hedged) P-dist	1.8.2019 | 6.8.2019 | CHF | 3.30 |
| (EUR hedged) P-dist	1.8.2019 | 6.8.2019 | EUR | 3.42 |
| Q-dist	1.8.2019 | 6.8.2019 | USD | 4.79 |
| (CHF hedged) Q-dist	1.8.2019 | 6.8.2019 | CHF | 4.49 |
| Quarterly Distribution 1 |  |  |  |
| UBS (Lux) Bond SICAV – Emerging Economies Corporates (USD)	Ex-Date | Pay-Date | Currency | Amount per share |
| (EUR hedged) P-4%-qdist	10.7.2019 | 15.7.2019 | EUR | 0.94 |
| (EUR hedged) P-4%-qdist	10.10.2019 | 15.10.2019 | EUR | 0.93 |
| Monthly Distribution 1 |  |  |  |
| UBS (Lux) Bond SICAV – Emerging Economies Corporates (USD)	Ex-Date | Pay-Date | Currency | Amount per share |
| (EUR hedged) K-X-mdist	17.6.2019 | 20.6.2019 | EUR | 0.56 |
| (EUR hedged) K-X-mdist	15.7.2019 | 18.7.2019 | EUR | 0.56 |
| (EUR hedged) K-X-mdist	16.8.2019 | 21.8.2019 | EUR | 0.56 |
| (EUR hedged) K-X-mdist	16.9.2019 | 19.9.2019 | EUR | 0.56 |
| (EUR hedged) K-X-mdist	15.10.2019 | 18.10.2019 | EUR | 0.56 |
| (EUR hedged) K-X-mdist	15.11.2019 | 20.11.2019 | EUR | 0.56 |
| 1  See note 5 |  |  |  |

UBS (Lux) Bond SICAV – Emerging Economies Corporates (USD) Semi-Annual Report as of 30 November 2019

## Statement of Investments in Securities and other Net Assets as of 30 November 2019
| 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 |  |  |  |
| USD |  |  |  |
| USD	ABJA INVESTMENT CO PTE LTD-REG-S 5.45000% 18-24.01.28 | 1 750 000.00 | 1 679 160.00 | 0.37 |
| USD	ABU DHABI NATIONAL ENERGY CO PJSC-REG-S 4.87500% 18-23.04.30 | 2 100 000.00 | 2 390 718.76 | 0.52 |
| USD	AFRICA FINANCE CORP-REG-S 3.75000% 19-30.10.29 | 1 500 000.00 | 1 482 000.00 | 0.32 |
| USD	AI CANDELARIA SPAIN SLU-REG-S 7.50000% 18-15.12.28 | 1 460 000.00 | 1 599 028.50 | 0.35 |
| USD	AIA GROUP LTD-REG-S 3.60000% 19-09.04.29 | 3 000 000.00 | 3 173 235.90 | 0.69 |
| USD	ALIBABA GROUP HOLDING LTD 3.40000% 17-06.12.27 | 1 715 000.00 | 1 782 022.20 | 0.39 |
| USD	ALIBABA GROUP HOLDING LTD 4.00000% 17-06.12.37 | 1 050 000.00 | 1 130 692.50 | 0.25 |
| USD	ALROSA FINANCE SA-REG-S 7.75000% 10-03.11.20 | 203 000.00 | 213 213.43 | 0.05 |
| USD	ALTICE FINANCING SA-144A 6.62500% 15-15.02.23 | 3 500 000.00 | 3 578 750.00 | 0.78 |
| USD	ANGLOGOLD ASHANTI HOLDINGS PLC 5.12500% 12-01.08.22 | 1 100 000.00 | 1 156 031.25 | 0.25 |
| USD	ARCELIK-REG-S 5.00000% 13-03.04.23 | 700 000.00 | 711 593.75 | 0.16 |
| USD	BANCO BRADESCO GRAND CY BCH-REG-S-SUB 5.90000% 10-16.01.21 | 1 300 000.00 | 1 345 906.25 | 0.29 |
| USD	BANCO DE BOGOTA SA-REG-S-SUB 5.37500% 13-19.02.23 | 1 000 000.00 | 1 052 500.00 | 0.23 |
| USD	BANCO DE BOGOTA SA-REG-S-SUB 6.25000% 16-12.05.26 | 800 000.00 | 887 500.00 | 0.19 |
| USD	BANK OF INDIA-REG-S 6.25000% 11-16.02.21 | 900 000.00 | 936 562.50 | 0.20 |
| USD	BBVA BANCO CONTINENTAL SA-REG-S 5.00000% 12-26.08.22 | 500 000.00 | 528 593.75 | 0.12 |
| USD	BBVA BANCOMER SA/TEXAS-REG-S-SUB 6.75000% 12-30.09.22 | 1 600 000.00 | 1 733 650.08 | 0.38 |
| USD	BRASKEM IDESA SAPI-REG-S 7.45000% 19-15.11.29 | 1 640 000.00 | 1 678 950.00 | 0.37 |
| USD	CABLE ONDA SA-REG-S 4.50000% 19-30.01.30 | 760 000.00 | 776 720.00 | 0.17 |
| USD	CANARA BANK/LONDON-REG-S 3.87500% 19-28.03.24 | 1 400 000.00 | 1 438 500.00 | 0.31 |
| USD	CELULOSA ARAUCO Y CONSTITUCION SA-REG-S 4.25000% 19-30.04.29 | 950 000.00 | 955 700.00 | 0.21 |
| USD	CELULOSA ARAUCO Y CONSTITUCION SA-REG-S 5.50000% 19-30.04.49 | 800 000.00 | 823 772.00 | 0.18 |
| USD	CEMEX SAB DE CV-REG-S 5.70000% 14-11.01.25 | 1 000 000.00 | 1 025 937.50 | 0.22 |
| USD	CEMIG GERACAO E TRANSMISSAO SA-REG-S 9.25000% 17-05.12.24 | 1 800 000.00 | 2 085 750.00 | 0.45 |
| USD	CENCOSUD SA-REG-S 4.87500% 12-20.01.23 | 2 038 000.00 | 2 081 944.38 | 0.45 |
| USD	CENTRAIS ELETRICAS BRASILEIRAS SA-REG-S 5.75000% 11-27.10.21 | 700 000.00 | 730 843.75 | 0.16 |
| USD	CHINA EVERGRANDE GROUP-REG-S 9.50000% 19-11.04.22 | 800 000.00 | 757 000.00 | 0.17 |
| USD	CHINA RESOURCES GAS GROUP LTD-REG-S 4.50000% 12-05.04.22 | 800 000.00 | 833 750.00 | 0.18 |
| USD	CITIC LTD-REG-S 6.80000% 12-17.01.23 | 800 000.00 | 892 250.00 | 0.19 |
| USD	CNAC HK FINBRIDGE CO LTD-REG-S 5.12500% 18-14.03.28 | 1 800 000.00 | 2 025 000.00 | 0.44 |
| USD	COLOMBIA TELECOMUNICACIONES SA-REG-S 12-27.09.22 | 1 200 000.00 | 1 210 500.00 | 0.26 |
| USD	COSAN LUXEMBOURG SA-REG-S 7.00000% 16-20.01.27 | 700 000.00 | 764 093.75 | 0.17 |
| USD	COSTA RICA, REPUBLIC OF-REG-S 7.15800% 15-12.03.45 | 630 000.00 | 635 118.75 | 0.14 |
| USD	COSTA RICA, REPUBLIC OF-REG-S 6.12500% 19-19.02.31 | 1 050 000.00 | 1 062 862.50 | 0.23 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 8.00000% 18-27.01.24 | 2 880 000.00 | 3 139 200.00 | 0.68 |
| USD	CREDITO REAL SAB-REG-S 9.50000% 19-07.02.26 | 500 000.00 | 563 906.25 | 0.12 |
| USD	CSN RESOURCES SA-REG-S 7.62500% 18-13.02.23 | 1 925 000.00 | 2 008 015.63 | 0.44 |
| USD	CSN RESOURCES SA-REG-S 7.62500% 19-17.04.26 | 2 220 000.00 | 2 272 031.25 | 0.50 |
| USD	DELHI INTERNATIONAL AIRPORT LTD-REG-S 6.45000% 19-04.06.29 | 1 344 000.00 | 1 436 820.00 | 0.31 |
| USD	EMPRESA ELECTRICA GUACOLDA SA-REG-S 4.56000% 15-30.04.25 | 1 200 000.00 | 1 069 125.00 | 0.23 |
| USD	ENEL CHILE SA 4.87500% 18-12.06.28 | 1 550 000.00 | 1 694 343.75 | 0.37 |
| USD	EUROCHEM FINANCE DAC-REG-S 5.50000% 19-13.03.24 | 1 465 000.00 | 1 579 445.80 | 0.34 |
| USD	FENIX POWER PERU SA-REG-S 4.31700% 17-20.09.27 | 1 050 000.00 | 995 317.97 | 0.22 |
| USD	FINANSBANK AS-REG-S 6.87500% 19-07.09.24 | 1 000 000.00 | 1 058 125.00 | 0.23 |
| USD	FIRST QUANTUM MINERALS LTD-144A 7.25000% 17-01.04.23 | 2 400 000.00 | 2 413 200.00 | 0.53 |
| USD	FRESNILLO PLC-REG-S 5.50000% 13-13.11.23 | 1 700 000.00 | 1 847 687.50 | 0.40 |
| USD	GAS NATURAL DE LIMA Y CALLAO-REG-S 4.37500% 13-01.04.23 | 1 200 000.00 | 1 243 500.00 | 0.27 |
| USD	GAZ CAPITAL SA/GAZPROM-REG-S LPN 6.51000% 07-07.03.22 | 1 000 000.00 | 1 085 937.50 | 0.24 |
| USD	GAZPROM NEFT OAO VIA GPN CAPITAL-REG-S 4.37500% 12-19.09.22 | 1 300 000.00 | 1 353 218.75 | 0.29 |
| USD	GC TREASURY CENTER CO LTD-REG-S 4.25000% 18-19.09.22 | 1 800 000.00 | 1 872 562.50 | 0.41 |
| USD	GOLD FIELDS OROGEN HOLDINGS BVI-REG-S 5.12500% 19-15.05.24 | 1 500 000.00 | 1 593 750.00 | 0.35 |
| USD	GOLD FIELDS OROGEN HOLDINGS-REG-S 6.12500% 19-15.05.29 | 1 500 000.00 | 1 682 343.75 | 0.37 |
| USD	GROWTHPOINT PROPERTIES INT PTY-REG-S 5.87200% 18-02.05.23 | 1 400 000.00 | 1 501 500.00 | 0.33 |
| USD	GTL TRADE FINANCE INC-REG-S 7.25000% 14-16.04.44 | 300 000.00 | 367 031.25 | 0.08 |
| USD	GUSAP III-REG-S 4.25000% 19-21.01.30 | 1 150 000.00 | 1 135 050.00 | 0.25 |
| USD	IHS NETHERLANDS HOLDCO BV-REG-S 7.12500% 19-18.03.25 | 1 550 000.00 | 1 613 937.50 | 0.35 |
| USD	IHS NETHERLANDS HOLDCO BV-REG-S 8.00000% 19-18.09.27 | 1 550 000.00 | 1 643 000.00 | 0.36 |
| USD	INDIAN OIL CORP-REG-S 5.62500% 11-02.08.21 | 645 000.00 | 676 040.62 | 0.15 |
| USD	INDONESIA ASAHAN ALUMINIUM TBK PT-REG-S 5.71000% 18-15.11.23 | 900 000.00 | 990 562.50 | 0.22 |
| USD	INDONESIA ASAHAN ALUMINIUM TBK PT-REG-S 6.53000% 18-15.11.28 | 950 000.00 | 1 155 437.50 | 0.25 |
| USD	ISRAEL ELECTRIC CORP LTD-144A-REG-S 5.00000% 14-12.11.24 | 3 796 000.00 | 4 174 413.75 | 0.91 |
| USD	JBS INVESTMENTS II GMBH-REG-S 7.00000% 18-15.01.26 | 1 505 000.00 | 1 629 162.50 | 0.36 |
| USD	JBS INVESTMENTS II GMBH-REG-S 5.75000% 19-15.01.28 | 1 000 000.00 | 1 052 500.00 | 0.23 |
| USD	JSW STEEL LTD-REG-S 5.37500% 19-04.04.25 | 1 400 000.00 | 1 391 950.00 | 0.30 |
| USD	KAISA GROUP HOLDINGS LTD-REG-S 11.95000% 19-22.10.22 | 1 200 000.00 | 1 229 625.00 | 0.27 |
| USD	KLABIN AUSTRIA GMBH-REG-S 7.00000% 19-03.04.49 | 550 000.00 | 588 156.26 | 0.13 |
| USD	KOC HOLDING AS-REG-S 5.25000% 16-15.03.23 | 1 600 000.00 | 1 627 500.00 | 0.35 |
| USD	KOREA GAS CORP-REG-S 3.50000% 15-21.07.25 | 3 000 000.00 | 3 186 562.50 | 0.69 |
| USD	KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 4.75000% 11-13.07.21 | 1 200 000.00 | 1 249 500.00 | 0.27 |
| USD	KOSMOS ENERGY LTD-REG-S 7.12500% 19-04.04.26 | 1 480 000.00 | 1 537 627.50 | 0.34 |
| USD	KUWAIT PROJECTS CO SPC LTD-REG-S 4.22900% 19-29.10.26 | 1 070 000.00 | 1 092 731.18 | 0.24 |
| USD	LIQUID TELECOMMUNICATIONS FIN-REG-S 8.50000% 17-13.07.22 | 2 350 000.00 | 2 363 585.82 | 0.52 |
| USD	LISTRINDO CAPITAL BV-REG-S 4.95000% 16-14.09.26 | 300 000.00 | 305 906.25 | 0.07 |
| USD	LLPL CAPITAL PTE LTD-REG-S 6.87500% 19-04.02.39 | 700 000.00 | 799 824.37 | 0.17 |
| USD	MARB BONDCO PLC-REG-S 6.87500% 18-19.01.25 | 1 650 000.00 | 1 734 975.00 | 0.38 |
| USD	MEDCO OAK TREE PTE LTD-REG-S 7.37500% 19-14.05.26 | 1 350 000.00 | 1 370 250.00 | 0.30 |
| USD	MEDCO STRAITS SERVICES PTE LTD-REG-S 8.50000% 17-17.08.22 | 700 000.00 | 744 625.00 | 0.16 |
| USD	MELCO RESORTS FINANCE LTD-REG-S 4.87500% 17-06.06.25 | 1 800 000.00 | 1 838 790.00 | 0.40 |
| USD	MELCO RESORTS FINANCE LTD-REG-S 5.37500% 19-04.12.29 | 200 000.00 | 204 088.00 | 0.04 |
| USD	METALSA SA DE CV-REG-S 4.90000% 14 24.04.23 | 1 400 000.00 | 1 432 375.00 | 0.31 |
| USD	MEXICHEM SAB DE CV-REG-S 6.75000% 12-19.09.42 | 500 000.00 | 573 593.75 | 0.13 |
| USD	MEXICHEM SAB DE CV-REG-S 5.87500% 14-17.09.44 | 500 000.00 | 517 500.00 | 0.11 |
| USD	MHP LUX SA-REG-S 6.95000% 18-03.04.26 | 450 000.00 | 460 546.88 | 0.10 |
| USD	MHP SA-REG-S 7.75000% 17-10.05.24 | 1 200 000.00 | 1 266 750.00 | 0.28 |
| USD	MILLICOM INTERNATIONAL CELLULAR-REG-S 6.62500% 18-15.10.26 | 1 100 000.00 | 1 198 312.50 | 0.26 |
| USD	MINERVA LUXEMBOURG SA-REG-S 6.50000% 16-20.09.26 | 2 000 000.00 | 2 111 875.00 | 0.46 |
| USD	MMC NORILSK NICKL VIA MMC FIN DAC-REG-S 6.62500% 15-14.10.22 | 500 000.00 | 549 375.00 | 0.12 |
| USD	MMC NORILSK NICKL VIA MMC FIN DAC-REG-S 4.10000% 17-11.04.23 | 1 135 000.00 | 1 172 951.57 | 0.26 |

UBS (Lux) Bond SICAV – Emerging Economies Corporates (USD) Semi-Annual Report as of 30 November 2019
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | MMC NORILSK NICKL VIA MMC FIN DAC-REG-S 3.37500% 19-28.10.24 | 1 150 000.00 | 1 157 187.50 | 0.25 |
| USD | MONGOLIA,GOVERNMENT OF-REG-S 5.62500% 17-01.05.23 | 1 000 000.00 | 1 026 250.00 | 0.22 |
| USD | MTN MAURITIUS INVESTMENTS LTD-REG-S 4.75500% 14-11.11.24 | 2 250 000.00 | 2 307 656.25 | 0.50 |
| USD | NAK NAFTOGAZ UKRAINE VIA KONDOR-REG-S 7.62500% 19-08.11.26 | 2 445 000.00 | 2 405 146.50 | 0.52 |
| USD | NIGERIA, FEDERAL REPUBLIC OF-REG-S 7.62500% 18-21.11.25 | 1 000 000.00 | 1 087 187.50 | 0.24 |
| USD | NOVOLIPETSK STEEL VIA STEEL FUND-REG-S 4.50000% 16-15.06.23 | 600 000.00 | 630 187.50 | 0.14 |
| USD | OCP SA-REG-S 6.87500% 14-25.04.44 | 500 000.00 | 625 781.25 | 0.14 |
| USD | OIL AND GAS HOLDING CO BSCC/THE-REG-S 7.62500% 18-07.11.24 | 1 000 000.00 | 1 147 500.00 | 0.25 |
| USD | OIL AND GAS HOLDING CO BSCC/THE-REG-S 8.37500% 18-07.11.28 | 765 000.00 | 910 110.94 | 0.20 |
| USD | ONGC VIDESH LTD-REG-S 4.62500% 14-15.07.24 | 500 000.00 | 533 125.00 | 0.12 |
| USD | OOREDOO INTERNATIONAL FINANCE LTD-REG-S 3.25000% 12-21.02.23 | 2 000 000.00 | 2 035 000.00 | 0.44 |
| USD | OZTEL HOLDINGS SPC-REG-S 5.62500% 18-24.10.23 | 2 300 000.00 | 2 428 656.25 | 0.53 |
| USD | PAMPA ENERGIA SA-REG-S 7.50000% 17-24.01.27 | 1 350 000.00 | 1 032 328.12 | 0.22 |
| USD | PERU LNG SRL-REG-S 5.37500% 18-22.03.30 | 300 000.00 | 290 718.76 | 0.06 |
| USD | PERUSAHAAN LISTRIK NEGARA PT-REG-S 4.87500% 19-17.07.49 | 300 000.00 | 319 218.75 | 0.07 |
| USD | PETKIM PETROKIMYA HOLDING AS-REG-S 5.87500% 18-26.01.23 | 1 740 000.00 | 1 728 037.50 | 0.38 |
| USD | PETROBRAS GLOBAL FINANCE BV 5.99900% 18-27.01.28 | 2 060 000.00 | 2 300 010.60 | 0.50 |
| USD | PETROBRAS GLOBAL FINANCE BV 5.75000% 18-01.02.29 | 3 200 000.00 | 3 520 000.00 | 0.77 |
| USD | PETROBRAS GLOBAL FINANCE BV 6.90000% 19-19.03.49 | 2 080 000.00 | 2 381 041.11 | 0.52 |
| USD | PETROLEOS MEXICANOS-REG-S 6.49000% 19-23.01.27 | 600 000.00 | 631 500.00 | 0.14 |
| USD | PETROLEOS MEXICANOS-REG-S 7.69000% 19-23.01.50 | 405 000.00 | 434 160.00 | 0.09 |
| USD | QATAR, STATE OF-REG-S 4.00000% 19-14.03.29 | 1 150 000.00 | 1 281 171.88 | 0.28 |
| USD | QATAR, STATE OF-REG-S 4.81700% 19-14.03.49 | 500 000.00 | 618 125.00 | 0.13 |
| USD | QTEL INTERNATIONAL FINANCE LTD-REG-S 5.00000% 10-19.10.25 | 1 300 000.00 | 1 451 125.00 | 0.32 |
| USD | RELIANCE INDUSTRIES LTD-REG-S 3.66700% 17-30.11.27 | 900 000.00 | 937 125.00 | 0.20 |
| USD | RSHB CAPITAL SA-REG-S LPN 8.50000% 13-16.10.23 | 645 000.00 | 726 431.25 | 0.16 |
| USD | RUMO LUXEMBOURG SARL-REG-S 7.37500% 17-09.02.24 | 835 000.00 | 893 450.00 | 0.19 |
| USD | SANDS CHINA LTD 5.40000% 19-08.08.28 | 4 300 000.00 | 4 878 780.00 | 1.06 |
| USD | SB CAPITAL SA FOR SBERBANK-REG-S LPN 6.12500% 12-07.02.22 | 1 150 000.00 | 1 233 015.63 | 0.27 |
| USD | SB CAPITAL SA FOR SBERBK-REG-S-SUB LPN 5.12500% 12-29.10.22 | 1 200 000.00 | 1 265 625.00 | 0.28 |
| USD | SEVERSTAL OAO VIA STEEL CAP-REG-S LPN 5.90000% 12-17.10.22 | 600 000.00 | 648 780.00 | 0.14 |
| USD | SIGMA FINANCE NETHERLANDS BV-REG-S 4.87500% 18-27.03.28 | 2 000 000.00 | 2 146 250.00 | 0.47 |
| USD | SOUTH AFRICA, REPUBLIC OF 4.85000% 19-30.09.29 | 1 000 000.00 | 986 250.00 | 0.21 |
| USD | SOUTHERN COPPER CORP 7.50000% 05-27.07.35 | 800 000.00 | 1 071 500.01 | 0.23 |
| USD | SOUTHERN COPPER CORP 5.87500% 15-23.04.45 | 500 000.00 | 607 656.25 | 0.13 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 8.35000% 18-19.04.23 | 1 350 000.00 | 1 398 937.50 | 0.30 |
| USD | SURA ASSET MANAGEMENT SA-REG-S 4.37500% 17-11.04.27 | 600 000.00 | 634 800.00 | 0.14 |
| USD | SUZANO AUSTRIA GMBH 6.00000% 19-15.01.29 | 1 700 000.00 | 1 881 687.50 | 0.41 |
| USD | TEVA PHARMACEUTICAL FINANCE CO BV 2.95000% 12-18.12.22 | 2 000 000.00 | 1 886 875.00 | 0.41 |
| USD | TEVA PHARMACEUTICAL FINANCE NL III BV 3.15000% 16-01.10.26 | 4 500 000.00 | 3 642 187.50 | 0.79 |
| USD | TEVA PHARMACEUTICAL FINANCE NL III BV 6.75000% 18-01.03.28 | 1 750 000.00 | 1 718 850.00 | 0.37 |
| USD | TRANSPORTADORA DE GAS DEL SUR SA-REG-S 6.75000% 18-02.05.25 | 550 000.00 | 452 890.62 | 0.10 |
| USD | TURK SISE VE CAM FABRIKA-REG-S 6.95000% 19-14.03.26 | 1 325 000.00 | 1 389 593.75 | 0.30 |
| USD | TURK TELEKOMUNIKASYON AS-REG-S 4.87500% 14-19.06.24 | 1 800 000.00 | 1 791 562.50 | 0.39 |
| USD | TURKCELL ILETISIM HIZMETLERI AS-REG-S 5.75000% 15-15.10.25 | 1 500 000.00 | 1 529 531.25 | 0.33 |
| USD | TURKEY, REPUBLIC OF 5.60000% 19-14.11.24 | 2 000 000.00 | 2 010 000.00 | 0.44 |
| USD | TURKIYE IS BANKASI-REG-S 6.12500% 17-25.04.24 | 1 750 000.00 | 1 722 656.25 | 0.38 |
| USD | UKRAINE RAILWAYS VIA RL CPTL MKTS-REG-S 8.25000% 19-09.07.24 | 1 265 000.00 | 1 327 427.75 | 0.29 |
| USD | UKRAINE, GOVERNMENT OF-REG-S 7.37500% 17-25.09.32 | 645 000.00 | 656 287.50 | 0.14 |
| USD | UZBEK INDUSTRIAL AND CONS ATB-REG-S 5.75000% 19-02.12.24 | 625 000.00 | 626 566.44 | 0.14 |
| USD | VEDANTA RESOURCES PLC-REG-S 6.12500% 17-09.08.24 | 1 950 000.00 | 1 750 734.38 | 0.38 |
| USD | VEON HOLDINGS BV-REG-S 3.95000% 17-16.06.21 | 400 000.00 | 406 000.00 | 0.09 |
| USD | VOLCAN CIA MINERA SAA-REG-S 5.37500% 12-02.02.22 | 1 400 000.00 | 1 452 937.50 | 0.32 |
| USD | WYNN MACAU LTD-REG-S 4.87500% 17-01.10.24 | 2 350 000.00 | 2 385 250.00 | 0.52 |
| USD | YPF ENERGIA ELECTRICA SA-REG-S 10.00000% 19-25.07.26 | 1 150 000.00 | 883 343.75 | 0.19 |
| USD | YPF SA-REG-S 8.50000% 15-28.07.25 | 2 000 000.00 | 1 653 750.00 | 0.36 |
| USD | YPF SA-REG-S 8.75000% 14-04.04.24 | 1 750 000.00 | 1 552 775.00 | 0.34 |
| Total USD |  |  | 200 986 727.09 | 43.79 |
| Total Notes, fixed rate |  | 200 986 727.09 | 43.79 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	ALFA BD ISS OJSC ALFA BK-REG-S-SUB 5.950%/VAR 19-15.04.30 | 1 000 000.00 | 1 015 000.00 | 0.22 |
| USD	BANCO DE CREDITO DEL PERU/P-REG-S-SUB 6.125%/VAR 12-24.04.27 | 1 400 000.00 | 1 485 750.00 | 0.32 |
| USD	BANCO SANTANDER SA-REG-S-SUB 5.950%/VAR 18-01.10.28 | 1 400 000.00 | 1 496 250.00 | 0.32 |
| USD	BBVA BANCO CONTINENTAL SA-REG-S-SUB 5.250%/VAR 14-22.09.29 | 500 000.00 | 540 781.25 | 0.12 |
| USD	PTTEP TREASURY CENTER CO LTD-REG-S-SUB 4.600%/VAR 17-PRP | 2 350 000.00 | 2 414 625.00 | 0.53 |
| USD	WOORI BANK-REG-S-SUB VAR 16-PRP | 1 850 000.00 | 1 867 343.75 | 0.41 |
| Total USD |  | 8 819 750.00 | 1.92 |
| Total Notes, floating rate |  | 8 819 750.00 | 1.92 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ABU DHABI NATIONAL ENERGY CO PJSC-REG-S 4.37500% 16-22.06.26 | 450 000.00 | 487 265.62 | 0.11 |
| USD	ADCB FINANCE CAYMAN LTD-REG-S-SUB 4.50000% 13-06.03.23 | 1 000 000.00 | 1 048 750.00 | 0.23 |
| USD	AFRICAN EXPORT-IMPORT BANK/THE-REG-S 3.99400% 19-21.09.29 | 1 100 000.00 | 1 104 125.00 | 0.24 |
| USD	AIA GROUP LTD-REG-S 3.12500% 13-13.03.23 | 600 000.00 | 612 562.50 | 0.13 |
| USD	AIA GROUP LTD-REG-S 4.50000% 16-16.03.46 | 550 000.00 | 655 110.50 | 0.14 |
| USD	ANGOLAN GOVT INTERNATIONAL BOND-REG-S 8.00000% 19-26.11.29 | 2 625 000.00 | 2 611 871.85 | 0.57 |
| USD	ANGOLAN GOVT INTERNATIONAL BOND-REG-S 9.12500% 19-26.11.49 | 1 575 000.00 | 1 571 850.00 | 0.34 |
| USD	BANK OF CHINA LTD-REG-S-SUB 5.00000% 14-13.11.24 | 2 000 000.00 | 2 185 000.00 | 0.48 |
| USD	CHINA EVERGRANDE GROUP-REG-S 9.50000% 17-29.03.24 | 2 300 000.00 | 2 073 593.75 | 0.45 |
| USD	DP WORLD PLC-REG-S 4.70000% 19-30.09.49 | 1 000 000.00 | 1 001 250.00 | 0.22 |
| USD	DP WORLD PLC-REG-S 5.62500% 18-25.09.48 | 1 100 000.00 | 1 270 156.25 | 0.28 |
| USD	EGYPT, REPUBLIC OF-REG-S 8.70020% 19-01.03.49 | 850 000.00 | 912 156.25 | 0.20 |
| USD	EGYPT, REPUBLIC OF-REG-S 7.05290% 19-15.01.32 | 630 000.00 | 638 662.50 | 0.14 |
| USD	EGYPT, REPUBLIC OF-REG-S 8.15000% 19-20.11.59 | 300 000.00 | 306 375.00 | 0.07 |
| USD	EMAAR SUKUK LTD-REG-S 3.87500% 19-17.09.29 | 1 400 000.00 | 1 366 750.00 | 0.30 |
| USD	EQUATE PETROCHEMICAL BV-REG-S 4.25000% 16-03.11.26 | 3 050 000.00 | 3 243 484.38 | 0.71 |
| USD	HONGKONG LAND FINANCE COMPANY LTD 4.50000% 10-07.10.25 | 750 000.00 | 820 522.50 | 0.18 |
| USD	HUARONG FINANCE II CO LTD-REG-S 5.50000% 15-16.01.25 | 1 300 000.00 | 1 428 375.00 | 0.31 |

UBS (Lux) Bond SICAV – Emerging Economies Corporates (USD) Semi-Annual Report as of 30 November 2019
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Unrealized gain | of net |
|  |  |  | (loss) on Futures/ | assets |
|  |  |  | Forward |  |
|  |  |  | Exchange Contracts/ |  |
|  |  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | ICICI BANK LTD HONG KONG-REG-S 5.75000% 10-16.11.20 | 1 500 000.00 | 1 541 265.90 | 0.33 |
| USD | IDBI BANK LTD/DIFC DUBAI-REG-S 4.12500% 14-23.04.20 | 1 000 000.00 | 1 002 090.00 | 0.22 |
| USD | INDIAN OIL CORP LTD-REG-S 5.75000% 13-01.08.23 | 500 000.00 | 546 406.25 | 0.12 |
| USD | MAF SUKUK LTD-REG-S 3.93250% 19-28.02.30 | 2 350 000.00 | 2 367 625.00 | 0.51 |
| USD | OVERSEA-CHINESE BANKING CORP-REG-S-SUB 4.25000% 14-19.06.24 | 3 000 000.00 | 3 189 375.00 | 0.69 |
| USD | PTTEP TREASURY CENTER CO LTD-REG-S 3.90300% 19-06.12.59 | 1 110 000.00 | 1 100 109.90 | 0.24 |
| USD | QNB FINANCE LTD-REG-S 2.12500% 16-07.09.21 | 2 500 000.00 | 2 478 125.00 | 0.54 |
| USD | RAKFUNDING CAYMAN LTD-REG-S 4.12500% 19-09.04.24 | 1 110 000.00 | 1 156 828.13 | 0.25 |
| USD | SHINHAN BANK-REG-S-SUB 3.87500% 16-24.03.26 | 1 500 000.00 | 1 566 562.50 | 0.34 |
| USD | SINGTEL GROUP TREASURY PTE LTD-REG-S 3.25000% 15-30.06.25 | 1 000 000.00 | 1 045 812.20 | 0.23 |
| USD | SINO OCEAN LAND TREASURY FINANCE-REG-S 6.00000 14-30.07.24 | 530 000.00 | 574 387.50 | 0.12 |
| USD | SKYSEA INTERNATIONAL CAP MGNT 4.87500% 11-07.12.21 | 1 200 000.00 | 1 255 125.00 | 0.27 |
| USD | SUN HUNG KAI PROPERTIES CAPITAL-REG-S 3.62500% 12-16.01.23 | 300 000.00 | 309 443.94 | 0.07 |
| USD | SWIRE PACIFIC MTN FINANCING LTD-REG-S 4.50000% 13-09.10.23 | 1 500 000.00 | 1 595 595.00 | 0.35 |
| USD | TURKIYE BANKASI AS-REG-S 5.37500% 16-06.10.21 | 1 100 000.00 | 1 104 812.50 | 0.24 |
| USD | WARBA SUKUK LTD-REG-S 2.98200% 19-24.09.24 | 1 140 000.00 | 1 144 275.00 | 0.25 |
| USD | YAPI VE KREDI BANKASI AS-REG-S 6.10000% 18-16.03.23 | 1 245 000.00 | 1 248 112.50 | 0.27 |
| USD | YAPI VE KREDI BANKASI AS-REG-S 8.25000% 19-15.10.24 | 550 000.00 | 583 000.00 | 0.13 |
| Total USD |  |  | 47 146 812.42 | 10.27 |
| Total Medium term notes, fixed rate |  | 47 146 812.42 | 10.27 |
| Medium term notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	DBS GROUP HOLDINGS LTD-REG-S-SUB 3.600%/VAR 16-PRP | 1 700 000.00 | 1 710 081.00 | 0.37 |
| USD	KRUNG THAI BANK-REG-S-SUB 5.200%/VAR 14-26.12.24 | 1 000 000.00 | 1 001 060.00 | 0.22 |
| USD	UNITED OVERSEAS BANK LTD-REG-S-SUB 3.750%/VAR 19-15.04.29 | 3 225 000.00 | 3 338 649.00 | 0.72 |
| USD	WOORI BANK-REG-S-SUB 5.000%/VAR 15-10.06.45 | 1 000 000.00 | 1 006 562.50 | 0.22 |
| USD	WOORI BANK-REG-S-SUB 5.250%/VAR 17-PRP | 1 150 000.00 | 1 183 781.25 | 0.26 |
| Total USD |  | 8 240 133.75 | 1.79 |
| Total Medium term notes, floating rate |  | 8 240 133.75 | 1.79 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AHB SUKUK CO LTD-REG-S 4.37500% 18-19.09.23 | 2 205 000.00 | 2 329 031.25 | 0.51 |
| USD	AKBANK TAS-REG-S 5.12500% 15-31.03.25 | 1 290 000.00 | 1 239 609.38 | 0.27 |
| USD	ALMARAI SUKUK LTD-REG-S 4.31100% 19-05.03.24 | 1 450 000.00 | 1 518 875.00 | 0.33 |
| USD	ALTICE FINANCING SA-REG-S 7.50000% 16-15.05.26 | 2 600 000.00 | 2 762 370.00 | 0.60 |
| USD	BHARTI AIRTEL INTL NETHERLANDS BV-REG-S 5.35000% 14-20.05.24 | 1 000 000.00 | 1 048 125.00 | 0.23 |
| USD	BIZ FINANCE PLC FOR UKREXIMBANK-REG-S 9.62500% 15-27.04.22 | 500 000.00 | 215 833.33 | 0.05 |
| USD	CHINA OVERSEAS FINANCE CAYMAN-REG-S 5.95000% 14-08.05.24 | 1 000 000.00 | 1 124 687.50 | 0.24 |
| USD	CNAC HK FINBRIDGE CO LTD-REG-S 4.87500% 18-14.03.25 | 6 355 000.00 | 6 905 104.69 | 1.50 |
| USD	COMCEL TRUST VIA COMUNICACIONS-REG-S 6.87500% 14-06.02.24 | 1 200 000.00 | 1 229 250.00 | 0.27 |
| USD	DAR AL-ARKAN SUKUK CO LTD-REG-S 6.75000% 19-15.02.25 | 2 015 000.00 | 1 967 143.75 | 0.43 |
| USD	DEVELOPMENT BANK OF MONGOLIA LLC-REG-S 7.25000% 18-23.10.23 | 2 115 000.00 | 2 230 664.06 | 0.49 |
| USD	EVRAZ PLC-REG-S 6.75000% 16-31.01.22 | 1 300 000.00 | 1 405 625.00 | 0.31 |
| USD	FORTUNE STAR BVI LTD-REG-S 5.25000% 17-23.03.22 | 900 000.00 | 898 875.00 | 0.20 |
| USD	GAZ CAPITAL SA/GAZPROM-REG-S LPN 7.28800% 07-16.08.37 | 1 000 000.00 | 1 369 062.50 | 0.30 |
| USD	GAZ CAPITAL SA/GAZPROM-REG-S LPN 5.15000% 19-11.02.26 | 2 000 000.00 | 2 202 500.00 | 0.48 |
| USD	GAZPROM NEFT OAO VIA GPN CAP-REG-S LPN 6.00000% 13-27.11.23 | 600 000.00 | 668 437.50 | 0.15 |
| USD	GLOBAL LOGISTIC PROPERTIES LTD-REG-S 3.87500% 15-04.06.25 | 700 000.00 | 710 500.00 | 0.15 |
| USD	GLOBAL PORTS FINANCE PLC-144A 6.87200% 16-25.01.22 | 600 000.00 | 644 437.50 | 0.14 |
| USD	GREENKO SOLAR MAURITIUS LTD-REG-S 5.55000% 19-29.01.25 | 1 350 000.00 | 1 361 390.63 | 0.30 |
| USD	GREENKO SOLAR MAURITIUS LTD-REG-S 5.95000% 19-29.07.26 | 1 350 000.00 | 1 362 234.38 | 0.30 |
| USD	GRUPOSURA FINANCE-REG-S 5.50000% 16-29.04.26 | 1 890 000.00 | 2 090 812.50 | 0.45 |
| USD	GUATEMALA, REPUBLIC OF-REG-S 8.12500% 04-06.10.34 | 460 000.00 | 614 100.00 | 0.13 |
| USD	HUTCHISON WHAMPOA INTERNATIONAL14-REG-S 3.62500% 14-31.10.24 | 1 700 000.00 | 1 777 031.24 | 0.39 |
| USD	JSW STEEL LTD-REG-S 5.95000% 19-18.04.24 | 1 600 000.00 | 1 637 500.00 | 0.36 |
| USD	KERNEL HOLDING SA-REG-S 8.75000% 17-31.01.22 | 1 000 000.00 | 1 053 250.00 | 0.23 |
| USD	KOREA GAS CORP-REG-S 2.87500% 19-16.07.29 | 1 150 000.00 | 1 193 444.35 | 0.26 |
| USD	KUWAIT PROJECTS CO SPC LTD-REG-S 5.00000% 16-15.03.23 | 2 000 000.00 | 2 114 375.00 | 0.46 |
| USD	LONGFOR PROPERTIES CO LTD-REG-S 4.50000% 18-16.01.28 | 1 200 000.00 | 1 248 375.00 | 0.27 |
| USD	LUKOIL INTERNATIONAL FINANCE BV-REG-S 6.12500% 10-09.11.20 | 350 000.00 | 362 687.50 | 0.08 |
| USD	MAF GLOBAL SECURITIES LTD-REG-S 4.75000% 14-07.05.24 | 1 150 000.00 | 1 223 671.88 | 0.27 |
| USD	MAF SUKUK LTD-REG-S 4.63800% 19-14.05.29 | 2 200 000.00 | 2 365 000.00 | 0.51 |
| USD	METALLOINVEST FINANCE DAC-REG-S 4.85000% 17-02.05.24 | 1 700 000.00 | 1 807 843.75 | 0.39 |
| USD	METINVEST BV-REG-S 7.75000% 18-23.04.23 | 997 000.00 | 1 030 898.00 | 0.22 |
| USD	METINVEST BV-REG-S 7.75000% 19-17.10.29 | 1 000 000.00 | 983 750.00 | 0.21 |
| USD	NOVATEK OAO VIA NOVATEK FIN-REG-S LPN 4.42200% 12-13.12.22 | 1 200 000.00 | 1 256 625.00 | 0.27 |
| USD	OIL INDIA LTD-REG-S 5.12500% 19-04.02.29 | 1 100 000.00 | 1 233 375.00 | 0.27 |
| USD	OZTEL HOLDINGS SPC-REG-S 6.62500% 18-24.04.28 | 1 850 000.00 | 1 932 093.75 | 0.42 |
| USD	PERUSAHAAN GAS NEGARA PT-REG-S 5.12500% 14-16.05.24 | 2 000 000.00 | 2 171 250.00 | 0.47 |
| USD	POSCO-REG-S 4.00000% 18-01.08.23 | 1 800 000.00 | 1 888 312.50 | 0.41 |
| USD	POWER FINANCE CORP LTD-REG-S 3.75000% 19-18.06.24 | 600 000.00 | 610 679.40 | 0.13 |
| USD	POWER FINANCE CORP LTD-REG-S 4.50000% 19-18.06.29 | 800 000.00 | 830 750.00 | 0.18 |
| USD	SAUDI ELECTRICITY GLOBAL SUKIK CO REG-S 5.50000% 14-08.04.44 | 750 000.00 | 897 187.50 | 0.20 |
| USD	SAUDI ELECTRICITY GLOBAL SUKUK CO-REG-S 4.22200% 18-27.01.24 | 2 200 000.00 | 2 329 250.00 | 0.51 |
| USD	SAUDI TELECOM CO-REG-S 3.89000% 19-13.05.29 | 2 250 000.00 | 2 399 062.50 | 0.52 |
| USD	TABREED SUKUK SPC LTD-REG-S 5.50000% 18-31.10.25 | 400 000.00 | 445 875.00 | 0.10 |
| USD	TURKIYE VAKIFLAR BANKASI TAO-REG-S 8.12500% 19-28.03.24 | 1 450 000.00 | 1 512 984.38 | 0.33 |
| USD	VTB BK OJSC VIA VTB CPTL-REG-S-SUB LPN 6.95000% 12-17.10.22 | 2 500 000.00 | 2 693 750.00 | 0.59 |
| USD	WOORI BANK-REG-S-SUB 4.75000% 14-30.04.24 | 500 000.00 | 535 937.50 | 0.12 |
| USD	YUZHOU PROPERTIES CO LTD-REG-S 8.50000% 19-26.02.24 | 1 300 000.00 | 1 335 750.00 | 0.29 |
| Total USD |  | 74 769 378.22 | 16.29 |
| Total Bonds, fixed rate |  | 74 769 378.22 | 16.29 |
| Bonds, zero coupon |  |  |  |
| USD |  |  |  |
| USD	UKREXIMBANK BIZ FINANCE PLC-REG-S-SUB 0.00000% 19-14.11.29 | 400 000.00 | 401 080.00 | 0.09 |
| Total USD |  | 401 080.00 | 0.09 |
| Total Bonds, zero coupon |  | 401 080.00 | 0.09 |

UBS (Lux) Bond SICAV – Emerging Economies Corporates (USD) Semi-Annual Report as of 30 November 2019
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Bonds, floating rate |  |  |  |
| USD |  |  |  |
| USD	ADIB CAPITAL INVEST 2 LTD-REG-S-SUB 7.125%/VAR 18-PRP | 1 060 000.00 | 1 160 037.50 | 0.25 |
| USD	BANCO DO BRASIL CAYMAN-REG-S-SUB 9.250%/VAR 12-PRP | 672 000.00 | 758 100.00 | 0.17 |
| USD	BANK OF CHINA HONG KONG LTD-REG-S-SUB 5.900%/VAR 18-PRP | 2 685 000.00 | 2 883 018.75 | 0.63 |
| USD	BURGAN BANK SAK-REG-S-SUB 5.749%/VAR 19-PRP | 1 700 000.00 | 1 714 343.75 | 0.37 |
| USD	CHINA CONSTRUCTION BANK-REG-S-SUB 3.875%/VAR 15-13.05.25 | 1 000 000.00 | 1 005 625.00 | 0.22 |
| USD	EMIRATES NBD PJSC-REG-S-SUB 6.125%/VAR 19-PRP | 1 500 000.00 | 1 575 937.49 | 0.34 |
| USD	FIRST ABU DHABI BANK PJSC-REG-S-SUB 5.250%/VAR 15-PRP | 2 050 000.00 | 2 060 250.00 | 0.45 |
| USD	INDUST&COMMER BK CHINA/HK-REG-SUB 4.250%/VAR 16-PRP | 1 200 000.00 | 1 210 162.92 | 0.26 |
| USD	NBK TIER 1 FINANCING LTD-REG-S-SUB 5.750%/VAR 15-PRP | 2 400 000.00 | 2 462 250.00 | 0.54 |
| USD	NBK TIER 1 FINANCING 2 LTD-REG-S-SUB 4.500%/VAR 19-PRP | 1 600 000.00 | 1 593 999.20 | 0.35 |
| Total USD |  | 16 423 724.61 | 3.58 |
| Total Bonds, floating rate |  | 16 423 724.61 | 3.58 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 356 787 606.09 | 77.73 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ALIBABA GROUP HOLDING LTD 3.60000% 15-28.11.24 | 1 000 000.00 | 1 047 810.00 | 0.23 |
| USD	ALPEK SA DE CV-REG-S 4.25000% 19-18.09.29 | 1 000 000.00 | 997 500.00 | 0.22 |
| USD	AMERICA MOVIL SAB DE CV 6.12500% 10-30.03.40 | 500 000.00 | 679 843.75 | 0.15 |
| USD	BANCO DEL CREDITO DEL PERU-REG-S 4.25000% 13-01.04.23 | 1 000 000.00 | 1 050 625.00 | 0.23 |
| USD	BANGKOK BANK PUBLIC CO LTD HK-REG-S-SUB 9.02500% 97-15.03.29 | 650 000.00 | 931 734.38 | 0.20 |
| USD	BRF SA-REG-S 4.87500% 19-24.01.30 | 2 465 000.00 | 2 434 187.50 | 0.53 |
| USD	C&W SENIOR FIN DESIGNATD ACT V CO-REG-S 7.50000% 18-15.10.26 | 800 000.00 | 860 500.00 | 0.19 |
| USD	CELULOSA ARAUCO Y CONSTITUCION SA-REG-S 5.15000% 19-29.01.50 | 950 000.00 | 925 656.25 | 0.20 |
| USD	CEMEX SAB DE CV-REG-S 5.45000% 19-19.11.29 | 2 315 000.00 | 2 354 355.00 | 0.51 |
| USD	CENCOSUD SA-REG-S 5.15000% 15-12.02.25 | 1 500 000.00 | 1 535 625.00 | 0.33 |
| USD	DOLPHIN ENERGY LTD-REG-S 5.500000% 12-15.12.21 | 1 000 000.00 | 1 057 343.80 | 0.23 |
| USD	DTEK FINANCE PLC (PIK) 10.75000% 16-31.12.24 | 1 018 191.00 | 1 039 827.56 | 0.23 |
| USD	ECOPETROL SA 5.87500% 14-28.05.45 | 3 050 000.00 | 3 472 234.37 | 0.76 |
| USD	EMBOTELLADORA ANDINA SA-REG-S 5.00000% 13-01.10.23 | 683 000.00 | 724 620.32 | 0.16 |
| USD	EMPRESA ELECTRICA COCHRANE SPA-REG-S 5.50000% 19-14.05.27 | 1 520 000.00 | 1 544 700.00 | 0.34 |
| USD	FIRST QUANTUM MINERALS LTD-REG-S 7.50000% 17-01.04.25 | 700 000.00 | 687 750.00 | 0.15 |
| USD	FLEX LTD 5.00000% 13-15.02.23 | 1 000 000.00 | 1 066 850.00 | 0.23 |
| USD	GENNEIA SA-REG-S 8.75000% 17-20.01.22 | 1 800 000.00 | 1 192 500.00 | 0.26 |
| USD	GRUPO AVAL LTD-REG-S 4.75000% 12-26.09.22 | 1 300 000.00 | 1 334 125.00 | 0.29 |
| USD	INDUSTRIAS PENOLES SAB DE CV-REG-S 5.65000% 19-12.09.49 | 1 700 000.00 | 1 745 517.50 | 0.38 |
| USD	JSL EUROPE SA-REG-S 7.75000% 17-26.07.24 | 3 900 000.00 | 4 174 462.50 | 0.91 |
| USD	LATAM FINANCE LTD-REG-S 6.87500% 17-11.04.24 | 1 855 000.00 | 1 952 573.00 | 0.43 |
| USD	LUKOIL INTERNATIONAL FINANCE BV-REG-S 4.56300% 13-24.04.23 | 1 300 000.00 | 1 381 656.25 | 0.30 |
| USD	MINERA MEXICO SA DE CV-REG-S 4.50000% 19-26.01.50 | 2 200 000.00 | 2 158 750.00 | 0.47 |
| USD	MMC NORILSK NICKL VIA MMC FIN DAC-REG-S 5.55000% 13-28.10.20 | 900 000.00 | 925 031.25 | 0.20 |
| USD	MV24 CAPITAL BV-REG-S 6.74800% 19-01.06.34 | 2 250 000.00 | 2 318 048.55 | 0.50 |
| USD	RIO ENERGY SA/UGEN SA/UENSA SA-REG-S 6.87500% 18-01.02.25 | 935 000.00 | 518 632.81 | 0.11 |
| USD	SACI FALABELLA-REG-S 3.75000% 17-30.10.27 | 660 000.00 | 666 187.50 | 0.14 |
| USD	TRINIDAD PETROLEUM HOLDINGS LTD-REG-S 9.75000% 19-15.06.26 | 450 000.00 | 500 765.63 | 0.11 |
| USD	TRUST F/1401-REG-S 6.39000% 19-15.01.50 | 1 550 000.00 | 1 646 390.62 | 0.36 |
| USD	USIMINAS INTERNATIONAL SARL-REG-S 5.87500% 19-18.07.26 | 2 250 000.00 | 2 286 562.50 | 0.50 |
| USD	VTR FINANCE B V-REG-S 6.87500% 14-15.01.24 | 2 694 000.00 | 2 757 140.62 | 0.60 |
| Total USD |  | 47 969 506.66 | 10.45 |
| Total Notes, fixed rate |  | 47 969 506.66 | 10.45 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	BANCO BTG PACTUAL SA/CYM-REG-S-SUB 7.750%/VAR 19-15.02.29 | 995 000.00 | 1 049 725.00 | 0.23 |
| USD	BANCOLOMBIA SA-SUB 4.875%/VAR 17-18.10.27 | 3 560 000.00 | 3 618 962.50 | 0.79 |
| USD	GLOBAL BANK CORP-REG-S 5.250%/VAR 19-16.04.29 | 2 950 000.00 | 3 149 125.00 | 0.69 |
| USD	GRUPO BIMBO SA DE CV-REG-S-SUB 5.950%/VAR 18-PRP | 3 370 000.00 | 3 547 978.13 | 0.77 |
| Total USD |  | 11 365 790.63 | 2.48 |
| Total Notes, floating rate |  | 11 365 790.63 | 2.48 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	CNOOC FINANCE 2013 LTD 3.00000% 13-09.05.23 | 3 000 000.00 | 3 049 687.50 | 0.66 |
| USD	INDO ENERGY FINANCE II BV-REG-S 6.37500% 13-24.01.23 | 400 000.00 | 229 140.00 | 0.05 |
| USD	INVERSIONES CMPC SA-REG-S 4.37500% 13-15.05.23 | 1 100 000.00 | 1 136 093.75 | 0.25 |
| USD	SURA ASSET MANAGEMENT SA-REG-S 4.87500% 14-17.04.24 | 600 000.00 | 639 562.50 | 0.14 |
| USD	TENGIZCHEVROIL FINANCE CO INT-REG-S 4.00000% 16-15.08.26 | 1 155 000.00 | 1 214 193.75 | 0.26 |
| Total USD |  | 6 268 677.50 | 1.36 |
| Total Bonds, fixed rate |  | 6 268 677.50 | 1.36 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 65 603 974.79 | 14.29 |

UBS (Lux) Bond SICAV – Emerging Economies Corporates (USD) Semi-Annual Report as of 30 November 2019
| 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 not listed on an official stock exchange and not traded on another regulated market
Notes, fixed rate
| USD |  |
| --- | --- |
| USD | AXTEL SAB DE CV-REG-S 6.37500% 17-14.11.24 | 1 700 000.00 | 1 756 848.00 | 0.38 |
| USD | COLBUN SA-REG-S 3.95000% 17-11.10.27 | 2 145 000.00 | 2 211 360.94 | 0.48 |
| USD | INTERCORP FINANCIAL SERVICES INC-REG-S 4.12500% 17-19.10.27 | 625 000.00 | 638 281.25 | 0.14 |
| USD | MELCO RESORTS FINANCE LTD-REG-S 5.62500% 19-17.07.27 | 500 000.00 | 517 812.50 | 0.11 |
| USD | MULTIBANK INC-REG-S 4.37500% 17-09.11.22 | 1 150 000.00 | 1 188 453.12 | 0.26 |
| USD | PLA ADMINIST INDUST S DE RL DE CV-REG-S 4.96200% 19-18.07.29 | 750 000.00 | 772 968.75 | 0.17 |
| USD | PRUMO PARTICIPACOES E INVESTIMENT-REG-S 7.50000% 19-31.12.31 | 2 550 000.00 | 2 636 062.50 | 0.58 |
| Total USD |  |  | 9 721 787.06 | 2.12 |
| Total Notes, fixed rate | 9 721 787.06 | 2.12 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market | 9 721 787.06 | 2.12 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |  |
| Investment funds, open end |  |  |
| Ireland |  |  |
| USD	UBS (IRL) SELECT MONEY MARKET FUND-USD-S-DIST	2 327.89 | 23 278 900.00 | 5.07 |
| Total Ireland | 23 278 900.00 | 5.07 |
| Total Investment funds, open end | 23 278 900.00 | 5.07 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 23 278 900.00 | 5.07 |
| Total investments in securities | 455 392 267.94 | 99.21 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange |
| Financial Futures on bonds |
|  |  |  |  |
| USD	US 10YR ULTRA NOTE FUTURE 20.03.20 | -147.00 | 22 968.75 | 0.01 |
| USD	US 5YR TREASURY NOTE FUTURE 31.03.20 | 250.00 | -23 437.50 | -0.01 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 20.03.20 | -28.00 | -11 119.30 | 0.00 |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.20 | 89.00 | -12 515.54 | 0.00 |
| USD	US 10YR TREASURY NOTE FUTURE 20.03.20 | -91.00 | 17 773.48 | 0.00 |
| USD	US LONG BOND FUTURE 20.03.20 | 70.00 | 6 554.80 | 0.00 |
| Total Financial Futures on bonds | 224.69 | 0.00 |
| Total Derivative instruments listed on an official stock exchange | 224.69 | 0.00 |
| Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  |  |
| Credit default swaps* |  |  |
|  |  |  |
| USD	GOLDMAN SACHS/TURKEY CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24	-6 800 000.00 | 559 578.50 | 0.12 |
| USD	HSBC/REPUBLIC OF TURKEY CREDIT DEFAULT SWAP REC 1.00000% 19-20.12.24	2 800 000.00 | -267 234.96 | -0.06 |
| USD	HSBC/REPUBLIC OF TURKEY CREDIT DEFAULT SWAP REC 1.00000% 19-20.12.24	4 000 000.00 | -381 764.22 | -0.08 |
| Total Credit default swaps | -89 420.68 | -0.02 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market | -89 420.68 | -0.02 |
| Total Derivative instruments | -89 195.99 | -0.02 |
| Forward Foreign Exchange contracts |  |  |
| Forward Foreign Exchange contracts (Purchase/Sale) |  |  |

| EUR | 25 179 600.00 | USD | 27 838 062.17 | 16.1.2020 | 21 668.50 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 2 554 070.00 | EUR | 2 310 900.00 | 16.1.2020 | -2 803.49 | 0.00 |
| USD | 882 274.32 | EUR | 798 900.00 | 16.1.2020 | -1 661.04 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | 17 203.97 | 0.00 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 2 364 216.93** | 0.52 |
| Bank overdraft and other short-term liabilities | -13 064.35 | 0.00 |
| Other assets and liabilities | 1 343 419.07 | 0.29 |
| Total net assets | 459 014 847.57 | 100.00 |
| * Positive nominal: the subfund is “Receiver”, negative nominal: the subfund is “Payer”. ** As at 30 November 2019, cash amounts serve as collateral for the counterparty HSBC for an amount of USD 850 000.00. |  |  |

UBS (Lux) Bond SICAV – Emerging Economies Corporates (USD) Semi-Annual Report as of 30 November 2019

Translation (ENDE, 2019-11-30):
# UBS (Lux) Bond SICAV
– Asian Investment Grade Bonds (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Nettovermögen in USD |  | 45 464 089.59 | 44 893 595.89 | 45 697 284.92 |
| Klasse I-B-acc | LU1377678567 |  |  |  |
| Aktien im Umlauf |  | 20 000.0000 | 20 000.0000 | 20 000.0000 |
| Nettoinventarwert pro Aktie in USD |  | 117.93 | 112.65 | 103.47 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 117.93 | 112.65 | 103.47 |
| Klasse U-X-acc | LU1377216947 |  |  |  |
| Aktien im Umlauf |  | 3 646.0000 | 3 777.0000 | 4 210.0000 |
| Nettoinventarwert pro Aktie in USD |  | 11 822.69 | 11 289.55 | 10 362.92 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 11 822.69 | 11 289.55 | 10 362.92 |
| 1  Siehe Erläuterung 1 |  |  |  |  |


## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Britische Jungferninseln | 16.36 |
| --- | --- |
| Hongkong | 15.38 |
| Vereinigte Staaten | 12.66 |
| Südkorea | 12.02 |
| Singapur | 10.30 |
| Indonesien | 8.68 |
| Cayman-Inseln | 8.31 |
| China | 7.94 |
| Indien | 2.47 |
| Kanada | 1.61 |
| Macau | 1.10 |
| Japan | 1.00 |
| Niederlande | 0.45 |
| Mexiko | 0.45 |
| Total | 98.73 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Finanz- & Beteiligungsgesellschaften | 37.18 |
| --- | --- |
| Länder- & Zentralregierungen | 19.01 |
| Banken & Kreditinstitute | 16.71 |
| Energie- & Wasserversorgung | 4.18 |
| Erdöl | 4.15 |
| Immobilien | 4.14 |
| Diverse Dienstleistungen | 2.63 |
| Telekommunikation | 2.51 |
| Elektronik & Halbleiter | 1.45 |
| Maschinen & Apparate | 1.27 |
| Öffentlich-rechtliche Körperschaften | 1.09 |
| Anlagefonds | 1.07 |
| Bergbau, Kohle & Stahl | 1.00 |
| Chemie | 0.87 |
| Pfandbriefinstitute & Refinanzierungsgesellschaften | 0.53 |
| Städte, Gemeinden | 0.47 |
| Grafisches Gewerbe, Verlage & Medien | 0.47 |
| Total | 98.73 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds (USD)
Halbjahresbericht per 30. November 2019

## Nettovermögensaufstellung
Aktiva	30.11.2019
USD
Wertpapierbestand, Einstandswert	43 632 763.90
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	1 255 919.47	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 44 888 683.37 |
| Bankguthaben, Sicht- und Fristgelder | 387 982.53 |
| Andere liquide Mittel (Margins) | 14 887.48 |
| Forderungen aus Wertpapierverkäufen (Erläuterung 1) | 1 496 235.70 |
| Zinsforderungen aus Wertpapieren | 346 029.53 |
| Sonstige Forderungen | 7 402.28 |
| Nicht realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten (Erläuterung 1) | 343.74 |
| Total Aktiva | 47 141 564.63 |
|  |  |
| Passiva |  |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -1 674 115.00 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -58.58 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -741.27 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-2 560.19	 |
| Total Rückstellungen für Aufwendungen | -3 360.04 |
| Total Passiva | -1 677 475.04 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 45 464 089.59 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 1.6.2019-30.11.2019 |
| Zinsertrag auf liquide Mittel | 3 800.10 |
| Zinsen auf Wertpapiere | 758 752.61 |
| Zinsertrag auf Swaps (Erläuterung 1) | 3 888.88 |
| Erträge aus Securities Lending (Erläuterung 13) | 12 181.38 |
| Sonstige Erträge (Erläuterung 4) | 1 010.88 |
| Total Erträge | 779 633.85 |
|  |  |
| Aufwendungen |  |
| Zinsaufwand auf Swaps (Erläuterung 1) | -10 222.22 |
| Pauschale Verwaltungskommission (Erläuterung 2) | -750.29 |
| Abonnementsabgabe (Erläuterung 3) | -2 214.85 |
| Kosten aus Securities Lending (Erläuterung 13) | -4 872.55 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -2 584.41 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -270.33 |
| Total Aufwendungen | -20 914.65 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | 758 719.20 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 1 207 163.43 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | 77 392.97 |
| Realisierter Kursgewinn (-verlust) aus Swaps | -109 105.34 |
| Realisierter Währungsgewinn (-verlust) | -57.58 |
| Total der realisierten Gewinne (Verluste) | 1 175 393.48 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | 1 934 112.68 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 54 654.93 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | 29 398.41 |
| Nicht realisierte Werterhöhung (-minderung) von Swaps | 68 094.60 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 152 147.94 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 2 086 260.62 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds (USD) Halbjahresbericht per 30. November 2019
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-30.11.2019 |
| Nettovermögen zu Beginn der Berichtsperiode | 44 893 595.89 |
| Zeichnungen | 1 587 882.71 |
| Rücknahmen | 	-3 103 649.63	 |
| Total Mittelzufluss (-abfluss) | -1 515 766.92 |
| Nettoerträge (-verluste) aus Anlagen | 758 719.20 |
| Total der realisierten Gewinne (Verluste) | 1 175 393.48 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	152 147.94	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 2 086 260.62 |
| Nettovermögen am Ende der Berichtsperiode | 45 464 089.59 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2019-30.11.2019 |
| Klasse | I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 20 000.0000 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 20 000.0000 |
| Klasse | U-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 3 777.0000 |
| Anzahl der ausgegebenen Aktien | 136.0000 |
| Anzahl der zurückgegebenen Aktien | -267.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 3 646.0000 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds (USD)
Halbjahresbericht per 30. November 2019

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in USD | 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 |  |  |  |
| USD |  |  |  |
| USD	BHARTI AIRTEL LTD-REG-S 4.37500% 15-10.06.25 | 250 000.00 | 251 312.50 | 0.55 |
| USD	CK HUTCHISON INTERNATIONAL 16 LTD-REG-S 2.75000% 16-03.10.26 | 400 000.00 | 398 875.00 | 0.88 |
| USD	CNAC HK FINBRIDGE CO LTD-REG-S 5.12500% 18-14.03.28 | 350 000.00 | 393 750.00 | 0.87 |
| USD	CNPC GENERAL CAPITAL LTD-REG-S 3.40000% 13-16.04.23 | 200 000.00 | 205 500.00 | 0.45 |
| USD	EXPORT-IMPORT BANK OF KOREA 3.25000% 14-12.08.26 | 1 000 000.00 | 1 056 875.00 | 2.33 |
| USD	EXPORT-IMPORT BANK OF KOREA 2.50000% 15-10.05.21 | 250 000.00 | 251 328.13 | 0.55 |
| USD	EXPORT-IMPORT BANK OF KOREA 2.75000% 17-25.01.22 | 300 000.00 | 304 593.75 | 0.67 |
| USD	EXPORT-IMPORT BANK OF CHINA-REG-S 2.87500% 16-26.04.26 | 200 000.00 | 203 750.00 | 0.45 |
| USD	FRANSHION BRILLIANT LTD-REG-S 4.25000% 19-23.07.29 | 650 000.00 | 651 911.72 | 1.44 |
| USD	HARVEST OPERATIONS CORP-REG-S 3.00000% 17-21.09.22 | 300 000.00 | 306 375.00 | 0.67 |
| USD	HARVEST OPERATIONS CORP-REG-S 4.20000% 18-01.06.23 | 400 000.00 | 424 474.76 | 0.93 |
| USD	HUTCHINSON WHAMPOA INTL 11 LTSD-REG-S 4.62500% 12-13.01.22 | 500 000.00 | 521 823.70 | 1.15 |
| USD	HUTCHISON WHAMPOA INTL 12 II LTD-REG-S 3.25000% 12-08.11.22 | 550 000.00 | 561 341.00 | 1.24 |
| USD	INDONESIA, REPUBLIC OF-REG-S 5.25000% 12-17.01.42 | 200 000.00 | 239 062.50 | 0.53 |
| USD	KOREA EAST-WEST POWER CO LTD-REG-S 3.87500% 18-19.07.23 | 375 000.00 | 395 273.43 | 0.87 |
| USD	KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 3.00000% 12-19.09.22 | 450 000.00 | 459 562.50 | 1.01 |
| USD	KOREA NATIONAL OIL CORP-REG-S 2.12500% 16-14.04.21 | 300 000.00 | 300 281.25 | 0.66 |
| USD	KT CORP-REG-S 2.50000% 16-18.07.26 | 200 000.00 | 197 250.00 | 0.43 |
| USD	LLPL CAPITAL PTE LTD-REG-S 6.87500% 19-04.02.39 | 200 000.00 | 228 521.25 | 0.50 |
| USD	ONGC VIDESH VANKORNEFT PTE LTD-REG-S 3.75000% 16-27.07.26 | 200 000.00 | 206 000.00 | 0.45 |
| USD	SUMITOMO MITSUI FIN GP INC-SUB 3.20200% 19-17.09.29 | 450 000.00 | 456 327.00 | 1.00 |
| Total USD |  | 8 014 188.49 | 17.63 |
| Total Notes, fester Zins |  | 8 014 188.49 | 17.63 |
| Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	IND & COM BK CHINA MACAU-REG-S-SUB 2.875%/VAR 19-12.09.29 | 300 000.00 | 296 961.45 | 0.65 |
| Total USD |  | 296 961.45 | 0.65 |
| Total Notes, variabler Zins |  | 296 961.45 | 0.65 |
| Medium-Term Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AIRPORT AUTHORITY HONG KONG-REG-S 3.45000% 19-21.02.29 | 200 000.00 | 214 223.48 | 0.47 |
| USD	AZURE ORBIT IV INTL FIN LTD-REG-S 3.50000% 18-25.01.21 | 500 000.00 | 502 769.75 | 1.11 |
| USD	BANK OF CHINA LTD/MACAU-REG-S 2.87500% 17-20.04.22 | 200 000.00 | 202 312.50 | 0.44 |
| USD	BANK OF CHINA/HONG KONG-REG-S 2.37500% 16-01.03.21 | 450 000.00 | 450 000.00 | 0.99 |
| USD	BANK OF CHINA/HONG KONG-REG-S 3.62500% 19-17.04.29 | 400 000.00 | 421 625.00 | 0.93 |
| USD	BOC AVIATION LTD-REG-S 3.50000% 19-10.10.24 | 1 300 000.00 | 1 339 687.31 | 2.95 |
| USD	BOCOM LEASING MGT HONG KONG-REG-S 4.37500% 19-22.01.24 | 500 000.00 | 526 718.75 | 1.16 |
| USD	CDBL FUNDING 2-REG-S 2.62500% 17-01.08.20 | 275 000.00 | 274 579.25 | 0.60 |
| USD	CHARMING LIGHT INVESTMENTS LTD-REG-S 4.37500% 17-21.12.27 | 200 000.00 | 214 437.50 | 0.47 |
| USD	CHINA DEVELOPMENT BANK-REG-S 3.00000% 16-01.06.26 | 200 000.00 | 204 687.50 | 0.45 |
| USD	CITIC LTD-REG-S 4.00000% 18-11.01.28 | 500 000.00 | 528 125.00 | 1.16 |
| USD	HUARONG FINANCE 2017 CO-REG-S 4.25000% 17-07.11.27 | 250 000.00 | 260 859.37 | 0.57 |
| USD	HUARONG FINANCE-REG-S 3.75000% 19-29.05.24 | 2 000 000.00 | 2 039 375.00 | 4.49 |
| USD	ICBCIL FINANCE CO LTD-REG-S 2.75000% 16-19.05.21 | 300 000.00 | 300 375.00 | 0.66 |
| USD	ICBCIL FINANCE CO LTD-REG-S 3.62500% 16-19.05.26 | 250 000.00 | 258 046.87 | 0.57 |
| USD	INDONESIA, REPUBLIC OF-REG-S 3.85000% 17-18.07.27 | 1 800 000.00 | 1 910 812.50 | 4.20 |
| USD	INDONESIA, REPUBLIC OF-REG-S 4.75000% 17-18.07.47 | 350 000.00 | 400 640.63 | 0.88 |
| USD	KOOKMIN BANK-REG-S 3.62500% 18-23.10.21 | 300 000.00 | 307 312.50 | 0.68 |
| USD	KOREA GAS CORP-REG-S 1.87500% 16-18.07.21 | 350 000.00 | 348 140.63 | 0.76 |
| USD	KOREA HOUSING FINANCE CORP-REG-S 2.00000% 16-11.10.21 | 500 000.00 | 494 950.00 | 1.09 |
| USD	NAN FUNG TREASURY LTD-REG-S 3.87500% 17-03.10.27 | 1 000 000.00 | 993 846.55 | 2.19 |
| USD	OVERSEA-CHINESE BANKING CORP-REG-S-SUB 4.25000% 14-19.06.24 | 200 000.00 | 212 625.00 | 0.47 |
| USD	PERTAMINA PT-REG-S 6.50000% 18-07.11.48 | 325 000.00 | 423 617.19 | 0.93 |
| USD	PERUSAHAAN LISTRIK NEGARA PT-REG-S 4.37500% 19-05.02.50 | 525 000.00 | 525 000.00 | 1.15 |
| USD	PSA TREASURY PTE LTD-REG-S 2.12500% 19-05.09.29 | 500 000.00 | 484 619.01 | 1.07 |
| USD	SIAM COMMERCIAL BK CAYMAN ISLAND-REG-S 2.75000% 17-16.05.23 | 525 000.00 | 527 798.25 | 1.16 |
| USD	SIAM COMMERCIAL BK CAYMAN ISLAND-REG-S 4.40000% 19-11.02.29 | 375 000.00 | 418 007.81 | 0.92 |
| USD	SINGTEL GROUP TREASURY PTE LTD-REG-S 3.25000% 15-30.06.25 | 200 000.00 | 209 162.44 | 0.46 |
| USD	SINGTEL GROUP TREASURY PTE LTD-REG-S 3.87500% 18-28.08.28 | 350 000.00 | 383 645.75 | 0.84 |
| USD	SP POWERASSETS LTD-REG-S 3.25000% 15-24.11.25 | 200 000.00 | 210 164.00 | 0.46 |
| USD	STATE ELITE GLOBAL LTD-REG-S 2.25000% 16-20.10.21 | 200 000.00 | 199 250.00 | 0.44 |
| USD	STATE ELITE GLOBAL LTD-REG-S 2.75000% 17-13.06.22 | 825 000.00 | 828 935.25 | 1.82 |
| USD	STATE GRID OVERSEAS INVESTMENT-REG-S 3.50000% 17-04.05.27 | 700 000.00 | 739 812.50 | 1.63 |
| USD	STATE GRID OVERSEAS INVESTMENT-REG-S 4.25000% 18-02.05.28 | 1 000 000.00 | 1 118 125.00 | 2.46 |
| USD	SUN HUNG KAI PROPERTIES LTD-REG-S 4.50000% 12-14.02.22 | 200 000.00 | 208 034.00 | 0.46 |
| USD	TEMASEK FINANCIAL I LTD-REG-S 3.62500% 18-01.08.28 | 250 000.00 | 276 410.00 | 0.61 |
| USD	TENCENT HOLDINGS LTD-REG-S 3.92500% 18-19.01.38 | 200 000.00 | 212 937.50 | 0.47 |
| Total USD |  | 19 171 668.79 | 42.17 |
| Total Medium-Term Notes, fester Zins |  | 19 171 668.79 | 42.17 |
| Medium-Term Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	DBS GROUP HOLDINGS LTD-REG-S-SUB 4.520%/VAR 18-11.12.28 | 200 000.00 | 212 334.00 | 0.47 |
| USD	SHINHAN FIN GROUP CO LTD-REG-S-SUB 3.340%/VAR 19-05.02.30 | 525 000.00 | 533 279.25 | 1.17 |
| USD	UNITED OVERSEAS BANK LTD-REG-S-SUB 3.750%/VAR 19-15.04.29 | 400 000.00 | 414 096.00 | 0.91 |
| USD	UNITED OVERSEAS BANK LTD-REG-S-SUB 3.875%/VAR 17-PRP | 500 000.00 | 505 591.35 | 1.11 |
| USD	WING LUNG BANK LTD-REG-S-SUB 3.750%/H15T5Y+175BP 17-22.11.27 | 500 000.00 | 501 155.75 | 1.10 |
| Total USD |  | 2 166 456.35 | 4.76 |
| Total Medium-Term Notes, variabler Zins |  | 2 166 456.35 | 4.76 |
| UBS (Lux) Bond SICAV – Asian Investment Grade Bonds (USD) Halbjahresbericht per 30. November 2019 |  |  |  |

| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	BANK RAKYAT INDONESIA-REG-S 3.95000% 19-28.03.24 | 200 000.00 | 208 437.50 | 0.46 |
| USD	BLUESTAR FINANCE HOLDINGS LTD-REG-S 3.50000% 16-30.09.21 | 200 000.00 | 201 812.50 | 0.44 |
| USD	CENTRAL PLAZA DEVELOPMENT LTD-REG-S 3.87500% 17-30.01.21 | 575 000.00 | 577 300.00 | 1.27 |
| USD	CHINA CLEAN ENERGY DEVELOPMENT-REG-S 4.00000% 15-05.11.25 | 600 000.00 | 631 875.00 | 1.39 |
| USD	CHINA CONSTRUCTION BANK CORP-REG-S-SUB 4.25000% 19-27.02.29 | 450 000.00 | 472 921.88 | 1.04 |
| USD	CHINA HUADIAN OVERSEAS DEVP18 LTD-REG-S 3.87500% 18-17.05.23 | 250 000.00 | 259 550.00 | 0.57 |
| USD	CHINA, PEOPLE’S REPUBLIC OF-REG-S 2.75000% 19-03.12.39 | 900 000.00 | 873 783.00 | 1.92 |
| USD	CMHI FINANCE BVI CO LTD-REG-S 5.00000% 18-06.08.28 | 500 000.00 | 565 775.00 | 1.24 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 6.15000% 19-17.09.25 | 375 000.00 | 390 937.50 | 0.86 |
| USD	HINDUSTAN PETROLEUM CORP LTD-REG-S 4.00000% 17-12.07.27 | 220 000.00 | 225 362.50 | 0.50 |
| USD	HKT CAPITAL NO 5 LTD-REG-S 3.25000% 19-30.09.29 | 700 000.00 | 694 252.00 | 1.53 |
| USD	LONGFOR GROUP HOLDINGS LTD-REG-S 3.95000% 19-16.09.29 | 475 000.00 | 475 000.00 | 1.04 |
| USD	LONGFOR PROPERTIES CO LTD-REG-S 4.50000% 18-16.01.28 | 350 000.00 | 364 109.38 | 0.80 |
| USD	MINEJESA CAPITAL BV-REG-S 4.62500% 17-10.08.30 | 200 000.00 | 205 187.50 | 0.45 |
| USD	MINERA Y METALURGICA DEL BOLEO-REG-S 3.25000% 19-17.04.24 | 200 000.00 | 204 250.00 | 0.45 |
| USD	NONGHYUP BANK-REG-S 2.87500% 17-17.07.22 | 200 000.00 | 203 062.50 | 0.45 |
| USD	NWD MTN LTD-REG-S 4.12500% 19-18.07.29 | 525 000.00 | 520 897.19 | 1.15 |
| USD	PERUSAHAAN PENERBIT SBSN-REG-S 4.15000% 17-29.03.27 | 225 000.00 | 241 031.25 | 0.53 |
| USD	POWER FINANCE CORP LTD-REG-S 3.90000% 19-16.09.29 | 650 000.00 | 645 125.00 | 1.42 |
| USD	SK HYNIX INC-REG-S 3.00000% 19-17.09.24 | 400 000.00 | 399 736.80 | 0.88 |
| USD	WOORI BANK-REG-S-SUB 4.75000% 14-30.04.24 | 200 000.00 | 214 375.00 | 0.47 |
| Total USD |  | 8 574 781.50 | 18.86 |
| Total Anleihen, fester Zins |  | 8 574 781.50 | 18.86 |
| Anleihen, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	CHALCO HONG KONG INVESTMENT CO-REG-S 4.250%/VAR 16-PRP | 250 000.00 | 252 968.75 | 0.56 |
| USD	CHINA MINMETALS CORP-REG-S 3.750%/VAR 17-PRP | 250 000.00 | 251 328.12 | 0.55 |
| Total USD |  | 504 296.87 | 1.11 |
| Total Anleihen, variabler Zins |  | 504 296.87 | 1.11 |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.37500% 18-15.11.48 | 1 207 000.00 | 1 510 211.56 | 3.32 |
| USD	AMERICA, UNITED STATES OF 2.87500% 19-15.05.49 | 422 000.00 | 483 091.09 | 1.06 |
| USD	AMERICA, UNITED STATES OF 2.25000% 19-30.04.24 | 1 100 000.00 | 1 128 917.90 | 2.49 |
| USD	AMERICA, UNITED STATES OF 1.75000% 19-31.07.21 | 300 000.00 | 300 398.43 | 0.66 |
| USD	AMERICA, UNITED STATES OF 1.50000% 19-30.09.21 | 1 800 000.00 | 1 795 429.69 | 3.95 |
| Total USD |  | 5 218 048.67 | 11.48 |
| Total Treasury-Notes, fester Zins | 5 218 048.67 | 11.48 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 43 946 402.12 | 96.66 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Notes, fester Zins |  |  |
| USD |  |  |
| USD	INDUSTRIAL & COMMERCIAL BANK OF CN/NY 2.45200% 16-20.10.21	275 000.00 | 274 484.38 | 0.60 |
| USD	INDUSTRIAL & COMMERCIAL BANK OF CN/NY 3.53800% 17-08.11.27	250 000.00 | 261 171.87 | 0.58 |
| Total USD | 535 656.25 | 1.18 |
| Total Notes, fester Zins | 535 656.25 | 1.18 |
| Anleihen, fester Zins |  |  |
| USD |  |  |
| USD	CNOOC FINANCE 2013 LTD 3.00000% 13-09.05.23	400 000.00 | 406 625.00 | 0.89 |
| Total USD | 406 625.00 | 0.89 |
| Total Anleihen, fester Zins | 406 625.00 | 0.89 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden | 942 281.25 | 2.07 |
| Total des Wertpapierbestandes | 44 888 683.37 | 98.73 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds (USD)
Halbjahresbericht per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Derivative Instrumente |  |  |  |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Finanzterminkontrakte auf Anleihen |  |  |  |
|  |  |  |  |
| USD	US ULTRA LONG BOND (CBT) FUTURE 20.03.20 | -4.00 | 2 375.00 | 0.00 |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.20 | 20.00 | -1 093.76 | 0.00 |
| USD	US 10YR TREASURY NOTE FUTURE 20.03.20 | 4.00 | -937.50 | 0.00 |
| Total Finanzterminkontrakte auf Anleihen |  | 343.74 | 0.00 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | 343.74 | 0.00 |
| Total Derivative Instrumente |  | 343.74 | 0.00 |
|  |  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel |  | 402 870.01 | 0.89 |
| Andere Aktiva und Passiva |  | 172 192.47 | 0.38 |
| Total des Nettovermögens |  | 45 464 089.59 | 100.00 |

UBS (Lux) Bond SICAV – Asian Investment Grade Bonds (USD) Halbjahresbericht per 30. November 2019