# UBS (Lux) Bond Fund – EUR Flexible
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.9.2020 | 31.3.2020 | 31.3.2019 |
| Net assets in EUR |  | 231 051 865.06 | 202 290 809.89 | 200 013 092.58 |
| Class I-A1-acc 1 | LU2092777270 |  |  |  |
| Units outstanding |  | 121 652.5600 | 139 407.4160 | - |
| Net asset value per unit in EUR |  | 102.23 | 93.05 | - |
| Issue and redemption price per unit in EUR 2 |  | 102.23 | 92.40 | - |
| Class P-2%-qdist | LU1669358142 |  |  |  |
| Units outstanding |  | 187.6810 | 100.0000 | 100.0000 |
| Net asset value per unit in EUR |  | 105.42 | 97.13 | 100.85 |
| Issue and redemption price per unit in EUR 2 |  | 105.42 | 96.45 | 100.85 |
| Class P-acc | LU0033050237 |  |  |  |
| Units outstanding |  | 285 576.0400 | 287 108.4080 | 302 129.1910 |
| Net asset value per unit in EUR |  | 443.41 | 404.54 | 411.77 |
| Issue and redemption price per unit in EUR 2 |  | 443.41 | 401.71 | 411.77 |
| Class P-dist | LU0033049577 |  |  |  |
| Units outstanding |  | 319 760.9760 | 329 176.9000 | 432 022.1910 |
| Net asset value per unit in EUR |  | 142.80 | 132.57 | 136.81 |
| Issue and redemption price per unit in EUR 2 |  | 142.80 | 131.64 | 136.81 |
| Class Q-acc | LU0358407707 |  |  |  |
| Units outstanding |  | 264 359.7750 | 172 832.0700 | 84 972.7840 |
| Net asset value per unit in EUR |  | 169.94 | 154.74 | 156.87 |
| Issue and redemption price per unit in EUR 2 |  | 169.94 | 153.66 | 156.87 |
| Class Q-dist | LU0415166585 |  |  |  |
| Units outstanding |  | 12 871.7850 | 27 971.0800 | 30 801.4020 |
| Net asset value per unit in EUR |  | 107.25 | 99.42 | 102.60 |
| Issue and redemption price per unit in EUR 2 |  | 107.25 | 98.72 | 102.60 |
| 1  First NAV: 23.12.2019 2  See note 1 |  |  |  |  |

UBS (Lux) Bond Fund – EUR Flexible
Semi-Annual Report as of 30 September 2020

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
Italy	11.37
New Zealand	10.12
United States	10.02
France	9.84
Germany	6.46
The Netherlands	6.34
Spain	6.03
Luxembourg	4.23
South Africa	3.23
Ireland	2.00
Slovenia	1.98
Belgium	1.76
Portugal	1.74
United Kingdom	1.60
Greece	1.51
Supranationals	1.47
Austria	1.47
Japan	1.38
Mexico	1.30
China	0.98
Saudi Arabia	0.94
Australia	0.72
Romania	0.57
Costa Rica	0.53
Switzerland	0.46
Sweden	0.44
Ukraine	0.41
Poland	0.40
Slovakia	0.38
Kazakhstan	0.37
Chile	0.30
Uruguay	0.26
Indonesia	0.25
Brazil	0.24
Colombia	0.24
Oman	0.23
Morocco	0.23
Philippines	0.23
Hong Kong	0.22
Turkey	0.21
Mongolia	0.21
Peru	0.19
Guatemala	0.16
Denmark	0.16
Egypt	0.16
Norway	0.14
Finland	0.14
Argentina	0.12
Ecuador	0.08
Macau	0.08
Bermuda	0.04
Economic Breakdown as a % of net assets	
Countries & central governments	54.81
Banks & credit institutions	12.26
Finance & holding companies	6.72
Supranational organisations	3.50
Mortgage & funding institutions	3.12
Energy & water supply	1.53
Investment funds	1.26
Pharmaceuticals, cosmetics & medical products	1.16
Telecommunications	1.09
Tobacco & alcohol	1.04
Petroleum	0.94
Electrical devices & components	0.83
Public, non-profit institutions	0.82
Computer hardware & network equipment providers	0.71
Real Estate	0.62
Internet, software & IT services	0.60
Miscellaneous unclassified companies	0.55
Insurance	0.54
Vehicles	0.47
Miscellaneous services	0.42
Chemicals	0.28
Traffic & transportation	0.20
Healthcare & social services	0.14
Textiles, garments & leather goods	0.13
Packaging industry	0.08
Lodging, catering & leisure	0.08
Mechanical engineering & industrial equipment	0.04
Total	93.94
Total	93.94
UBS (Lux) Bond Fund – EUR Flexible Semi-Annual Report as of 30 September 2020

## Statement of Net Assets
Assets	30.9.2020
EUR
Investments in securities, cost	202 964 725.13
Investments in securities, unrealized appreciation (depreciation)		14 080 560.29	 Total investments in securities (Note 1)			217 045 285.42
Cash at banks, deposits on demand and deposit accounts	13 307 578.58*
Other liquid assets (Margins)	13 509 803.78
Receivable on securities sales (Note 1)	627.98
Receivable on subscriptions	140 553.54
Interest receivable on securities	1 610 472.64
Interest receivable on liquid assets	69.12
Total Assets	245 642 902.37
Liabilities
Unrealized gain (loss) on financial futures (Note 1)	28 511.31
Unrealized gain (loss) on forward foreign exchange contracts (Note 1)	-573 312.35
Unrealized gain (loss) on swaps (Note 1)	-6 815 930.46
Bank overdraft	-4 968 199.04
Other short-term liabilities (Margins)	-1 792 280.75
Payable on securities purchases (Note 1)	-99 819.49
Payable on redemptions	-236 377.96
Provisions for flat fee (Note 2)	-75 634.21
Provisions for taxe d’abonnement (Note 3)	-27 302.42
Provisions for other commissions and fees (Note 2)		-2 180.63		 Total provisions			-105 117.26
Total Liabilities	-14 591 037.31
Net assets at the end of the period	231 051 865.06

## Statement of Operations
Income	1.4.2020-30.9.2020
EUR
Interest on liquid assets	149 137.01
Interest on securities	2 497 832.88
Interest received on swaps (Note 1)	1 918 742.83
Income on securities lending (Note 10)	52 770.20
Total income	4 686 343.30
Expenses
Other income	67 860.38
Interest paid on swaps (Note 1)	-1 458 024.53
Cost on securities lending (Note 10)	-21 108.08
Flat fee (Note 2)	-894 750.89
Taxe d’abonnement (Note 3)	-54 086.96
Other commissions and fees (Note 2)	-20 696.08
Net income (loss) on investments	2 047 463.58
Total expenses	-2 638 879.72
Interest on cash and bank overdraft	-190 213.18
Realized gain (loss) (Note 1)
Realized gain (loss) on market-priced securities without options	93 679.36
Realized gain (loss) on yield-evaluated securities and money market instruments	-8 158.17
Realized gain (loss) on financial futures	-670 630.32
Realized gain (loss) on forward foreign exchange contracts	1 033 958.65
Realized gain (loss) on swaps	5 139 486.55
Total realized gain (loss)	7 016 692.74
Net realized gain (loss) of the period	9 064 156.32
Changes in unrealized appreciation (depreciation) (Note 1)
Realized gain (loss) on foreign exchange	1 428 356.67
Unrealized appreciation (depreciation) on market-priced securities without options	15 641 615.91
Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments	-19 095.87
Unrealized appreciation (depreciation) on financial futures	504 976.54
Unrealized appreciation (depreciation) on forward foreign exchange contracts	-1 201 768.90
Total changes in unrealized appreciation (depreciation)	11 247 759.70
Net increase (decrease) in net assets as a result of operations	20 311 916.02
Unrealized appreciation (depreciation) on swaps	-3 677 967.98
* As at 30 September 2020, cash amounts serve as collateral for the counterparty JP Morgan for an amount of EUR 956 000.00, Bank of America for an amount of EUR 410 000.00 and Citibank for an amount of EUR 330 000.00.
UBS (Lux) Bond Fund – EUR Flexible
Semi-Annual Report as of 30 September 2020
| Statement of Changes in Net Assets |  |
| --- | --- |
|  |  | EUR |
|  |  | 1.4.2020-30.9.2020 |
| Net assets at the beginning of the period |  | 202 290 809.89 |
| Subscriptions |  | 28 454 456.56 |
| Redemptions |  | 	-19 158 291.53	 |
| Total net subscriptions (redemptions) |  | 9 296 165.03 |
| Dividend paid |  | -847 025.88 |
| Net income (loss) on investments |  | 2 047 463.58 |
| Total realized gain (loss) |  | 7 016 692.74 |
| Total changes in unrealized appreciation (depreciation) |  | 	11 247 759.70	 |
| Net increase (decrease) in net assets as a result of operations |  | 20 311 916.02 |
| Net assets at the end of the period |  | 231 051 865.06 |
| Development of the outstanding units |  |  |
|  |  | 1.4.2020-30.9.2020 |
| Class |  | I-A1-acc |
| Number of units outstanding at the beginning of the period |  | 139 407.4160 |
| Number of units issued |  | 6 208.6980 |
| Number of units redeemed |  | -23 963.5540 |
| Number of units outstanding at the end of the period |  | 121 652.5600 |
| Class |  | P-2%-qdist |
| Number of units outstanding at the beginning of the period |  | 100.0000 |
| Number of units issued |  | 87.6810 |
| Number of units redeemed |  | 0.0000 |
| Number of units outstanding at the end of the period |  | 187.6810 |
| Class |  | P-acc |
| Number of units outstanding at the beginning of the period |  | 287 108.4080 |
| Number of units issued |  | 13 236.0030 |
| Number of units redeemed |  | -14 768.3710 |
| Number of units outstanding at the end of the period |  | 285 576.0400 |
| Class |  | P-dist |
| Number of units outstanding at the beginning of the period |  | 329 176.9000 |
| Number of units issued |  | 6 094.7900 |
| Number of units redeemed |  | -15 510.7140 |
| Number of units outstanding at the end of the period |  | 319 760.9760 |
| Class |  | Q-acc |
| Number of units outstanding at the beginning of the period |  | 172 832.0700 |
| Number of units issued |  | 131 064.2600 |
| Number of units redeemed |  | -39 536.5550 |
| Number of units outstanding at the end of the period |  | 264 359.7750 |
| Class |  | Q-dist |
| Number of units outstanding at the beginning of the period |  | 27 971.0800 |
| Number of units issued |  | 2 920.0560 |
| Number of units redeemed |  | -18 019.3510 |
| Number of units outstanding at the end of the period |  | 12 871.7850 |
| Annual Distribution 1 |  |  |
| UBS (Lux) Bond Fund – EUR Flexible	Ex-Date | Pay-Date | Currency	Amount per unit |
| P-dist	2.6.2020 | 5.6.2020 | EUR	2.42 |
| Q-dist	2.6.2020 | 5.6.2020 | EUR	1.88 |
| Quarterly Distribution 1 |  |  |
| UBS (Lux) Bond Fund – EUR Flexible	Ex-Date | Pay-Date | Currency	Amount per unit |
| P-2%-qdist	14.4.2020 | 17.4.2020 | EUR	0.48 |
| P-2%-qdist	10.7.2020 | 15.7.2020 | EUR	0.51 |
| 1  See note 4 |  |  |

UBS (Lux) Bond Fund – EUR Flexible Semi-Annual Report as of 30 September 2020

## Statement of Investments in Securities and other Net Assets as of 30 September 2020
| Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ABBVIE INC-144A 2.12500% 20-01.06.29 | 100 000.00 | 112 013.80 | 0.05 |
| EUR	ABBVIE INC-144A 2.62500% 20-15.11.28 | 100 000.00 | 116 480.20 | 0.05 |
| EUR	ALTICE FINCO SA-REG-S 4.75000% 17-15.01.28 | 330 000.00 | 298 650.00 | 0.13 |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 600 000.00 | 633 446.40 | 0.28 |
| EUR	AMERICAN EXPRESS CREDIT CORP 0.62500% 16-22.11.21 | 100 000.00 | 100 872.00 | 0.04 |
| EUR	ARDAGH PACKAGING FINANCE/MP-REG-S 2.12500% 19-15.08.26 | 200 000.00 | 193 977.65 | 0.08 |
| EUR	ARGENTINA, REPUBLIC OF 0.12500% 20-09.07.30 | 679 000.00 | 268 205.00 | 0.12 |
| EUR	ARGENTINA, REPUBLIC OF 0.50000% 20-09.07.29 | 22 046.00 | 8 950.95 | 0.00 |
| EUR	AT&T INC 0.80000% 19-04.03.30 | 200 000.00 | 197 391.60 | 0.09 |
| EUR	BACARDI LTD-REG-S 2.75000% 13-03.07.23 | 100 000.00 | 104 459.00 | 0.05 |
| EUR	CHILE, REPUBLIC OF 0.83000% 19-02.07.31 | 700 000.00 | 700 218.75 | 0.30 |
| EUR	CHINA, PEOPLE’S REPUBLIC OF-REG-S 1.00000% 19-12.11.39 | 435 000.00 | 420 862.50 | 0.18 |
| EUR	FINANCIAL & RISK US HOLDINGS INC-REG-S 6.87500% 18-15.11.26 | 500 000.00 | 539 675.00 | 0.23 |
| EUR	FISERV INC 1.62500% 19-01.07.30 | 395 000.00 | 421 195.97 | 0.18 |
| EUR	FORD MOTOR CREDIT CO LLC 1.51400% 19-17.02.23 | 150 000.00 | 142 233.00 | 0.06 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 3.37500% 20-27.03.25 | 815 000.00 | 921 187.98 | 0.40 |
| EUR	INDONESIA, REPUBLIC OF 1.40000% 19-30.10.31 | 400 000.00 | 389 625.00 | 0.17 |
| EUR	INTERNATIONAL GAME TECHNOLOGY PLC-REG-S 2.37500% 19-15.04.28 | 160 000.00 | 140 000.00 | 0.06 |
| EUR	LA MONDIALE SAM-REG-S-SUB 2.12500% 20-23.06.31 | 200 000.00 | 198 822.00 | 0.09 |
| EUR	LOXAM SAS-REG-S 3.75000% 19-15.07.26 | 400 000.00 | 381 000.00 | 0.17 |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.12500% 20-11.02.28 | 200 000.00 | 200 027.20 | 0.09 |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.37500% 20-11.02.31 | 100 000.00 | 100 229.49 | 0.04 |
| EUR	NATIONAL GRID ELECTRICITY TRANS-REG-S 0.19000% 20-20.01.25 | 100 000.00 | 100 643.00 | 0.04 |
| EUR	NISSAN MOTOR CO LTD-REG-S 2.65200% 20-17.03.26 | 400 000.00 | 403 727.20 | 0.18 |
| EUR	PETROBRAS GLOBAL FINANCE BV 4.75000% 14-14.01.25 | 300 000.00 | 331 500.00 | 0.14 |
| EUR	SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 0.75000% 19-09.07.27 | 700 000.00 | 698 250.00 | 0.30 |
| EUR	SOFTBANK GROUP CORP-REG-S 4.50000% 18-20.04.25 | 300 000.00 | 314 460.00 | 0.14 |
| EUR	UKRAINE, GOVERNMENT OF-REG-S 4.37500% 20-27.01.30 | 600 000.00 | 489 000.00 | 0.21 |
| EUR	UNILABS SUBHOLDING AB-REG-S 5.75000% 17-15.05.25 | 400 000.00 | 401 012.80 | 0.17 |
| EUR	VEB FINANCE PLC-REG-S LPN 4.03200% 13-21.02.23 | 610 000.00 | 643 550.00 | 0.28 |
| Total EUR |  | 9 971 666.49 | 4.32 |
| USD |  |  |  |
| USD	AECOM TECHNOLOGY CORP 5.87500% 15-15.10.24 | 220 000.00 | 203 067.33 | 0.09 |
| USD	AERCAP IRELAND CAP/ GLBL AVIATION TRUST 6.50000% 20-15.07.25 | 150 000.00 | 138 093.11 | 0.06 |
| USD	COSTA RICA, REPUBLIC OF-REG-S 4.25000% 12-26.01.23 | 800 000.00 | 648 104.72 | 0.28 |
| USD	COSTA RICA, REPUBLIC OF-REG-S 7.15800% 15-12.03.45 | 740 000.00 | 576 424.12 | 0.25 |
| USD	DXC TECHNOLOGY CO 4.12500% 20-15.04.25 | 70 000.00 | 64 498.23 | 0.03 |
| USD	ECUADOR GOVT INTERNATIONAL BD-REG-S STEP-UP/DOWN 20-31.07.35 | 198 120.00 | 94 189.99 | 0.04 |
| USD	ECUADOR, REPUBLIC OF-REG-S STEP-UP 0.50000% 20-31.07.30 | 75 600.00 | 43 678.00 | 0.02 |
| USD	ECUADOR, REPUBLIC OF-REG-S STEP-UP 20-31.07.40 | 90 800.00 | 38 909.31 | 0.02 |
| USD	ENERGY TRANSFER PARTNERS LP 6.00000% 18-15.06.48 | 100 000.00 | 85 770.60 | 0.04 |
| USD	GENERAL ELECTRIC CO 3.45000% 20-01.05.27 | 60 000.00 | 54 174.06 | 0.02 |
| USD	GENERAL ELECTRIC CO 3.62500% 20-01.05.30 | 60 000.00 | 52 988.36 | 0.02 |
| USD	GENERAL ELECTRIC CO 3.15000% 12-07.09.22 | 240 000.00 | 213 751.06 | 0.09 |
| USD	GUATEMALA, REPUBLIC OF-REG-S 4.87500% 13-13.02.28 | 400 000.00 | 376 391.08 | 0.16 |
| USD	OMAN GOVT INTERNATIONAL BOND-REG-S 6.75000% 18-17.01.48 | 760 000.00 | 536 306.66 | 0.23 |
| USD	PHILIPPINES, REPUBLIC OF THE 2.45700% 20-05.05.30 | 570 000.00 | 523 749.63 | 0.23 |
| USD	PLAINS ALL AMERICAN PIPELINE LP 3.80000% 20-15.09.30 | 135 000.00 | 111 633.55 | 0.05 |
| USD	SANDS CHINA LTD-REG-S 4.37500% 20-18.06.30 | 200 000.00 | 179 917.28 | 0.08 |
| USD	SOUTHWEST AIRLINES CO 4.75000% 20-04.05.23 | 65 000.00 | 59 244.17 | 0.03 |
| USD	SOUTHWEST AIRLINES CO 5.12500% 20-15.06.27 | 105 000.00 | 97 878.46 | 0.04 |
| USD	SPRINT CORP 7.87500% 14-15.09.23 | 200 000.00 | 195 923.76 | 0.09 |
| USD	TURKEY, REPUBLIC OF 6.87500% 06-17.03.36 | 600 000.00 | 480 322.35 | 0.21 |
| USD	UKRAINE, GOVERNMENT OF-REG-S 7.37500% 17-25.09.32 | 560 000.00 | 448 599.32 | 0.19 |
| USD	URUGUAY, REPUBLIC OF 4.12500% 12-20.11.45 | 600 000.00 | 605 999.23 | 0.26 |
| USD	VALERO ENERGY CORP 2.85000% 20-15.04.25 | 140 000.00 | 125 287.57 | 0.05 |
| USD	VALERO ENERGY CORP 4.90000% 15-15.03.45 | 100 000.00 | 94 925.14 | 0.04 |
| Total USD |  | 6 049 827.09 | 2.62 |
| Total Notes, fixed rate |  | 16 021 493.58 | 6.94 |
| Notes, zero coupon |  |  |  |
| USD |  |  |  |
| USD	ECUADOR, REPUBLIC OF-REG-S 0.00000% 20-31.07.30 | 16 232.00 | 6 436.60 | 0.00 |
| Total USD |  | 6 436.60 | 0.00 |
| Total Notes, zero coupon |  | 6 436.60 | 0.00 |
| Notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	AUSTRALIA & NZ BANKING GRP-REG-S-SUB 1.125%/VAR 19-21.11.29 | 200 000.00 | 199 806.00 | 0.09 |
| Total EUR |  | 199 806.00 | 0.09 |
| Total Notes, floating rate |  | 199 806.00 | 0.09 |
| Medium term notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 2.37500% 19-27.09.27 | 100 000.00 | 105 001.40 | 0.05 |
| EUR	ABN AMRO BANK NV-REG-S 1.25000% 18-10.01.33 | 500 000.00 | 583 998.55 | 0.25 |
| EUR	ANHEUSER-BUSCH INBEV SA/NV-REG-S 1.15000% 18-22.01.27 | 200 000.00 | 210 071.20 | 0.09 |
| EUR	AROUNDTOWN SA-REG-S 2.00000% 18-02.11.26 | 100 000.00 | 105 764.40 | 0.05 |

UBS (Lux) Bond Fund – EUR Flexible
Semi-Annual Report as of 30 September 2020
|  | Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| EUR | AURIZON NETWORK PTY LTD-REG-S 2.00000% 14-18.09.24 | 100 000.00 | 105 779.24 | 0.05 |
| EUR | AUTOSTRADE PER L’ITALIA SPA-REG-S 1.12500% 15-04.11.21 | 100 000.00 | 96 964.80 | 0.04 |
| EUR | BANCO BILBAO VIZCAYA ARGENTARIA SA 0.62500% 16-18.03.23 | 1 000 000.00 | 1 024 668.00 | 0.44 |
| EUR | BANCO BPM SPA 2.50000% 19-21.06.24 | 400 000.00 | 408 437.60 | 0.18 |
| EUR | BANCO SANTANDER SA-REG-S-SUB 3.25000% 16-04.04.26 | 100 000.00 | 110 286.00 | 0.05 |
| EUR | BANK OF IRELAND GROUP PLC-REG-S 1.37500% 18-29.08.23 | 255 000.00 | 259 535.68 | 0.11 |
| EUR | BANQUE FEDER DU CREDIT MUTUEL-REG-S-SUB 3.00000% 15-11.09.25 | 200 000.00 | 222 556.00 | 0.10 |
| EUR | BAT INTERNATIONAL FINANCE PLC-REG-S 0.87500% 15-13.10.23 | 200 000.00 | 203 613.20 | 0.09 |
| EUR | BAT INTERNATIONAL FINANCE PLC-REG-S 1.25000% 15-13.03.27 | 300 000.00 | 306 162.60 | 0.13 |
| EUR | BNP PARIBAS-REG-S-SUB 2.87500% 16-01.10.26 | 2 400 000.00 | 2 676 648.00 | 1.16 |
| EUR | BP CAPITAL MARKETS PLC 2.17700% 14-28.09.21 | 500 000.00 | 511 595.00 | 0.22 |
| EUR | BPCE SA-REG-S 1.37500% 18-23.03.26 | 300 000.00 | 315 162.60 | 0.14 |
| EUR | CANAL DE ISABEL II GESTION SA-REG-S 1.68000% 15-26.02.25 | 400 000.00 | 424 316.32 | 0.18 |
| EUR | CITIGROUP INC-REG-S 2.37500% 14-22.05.24 | 300 000.00 | 323 892.60 | 0.14 |
| EUR | CNH INDUSTRIAL FINANCE EUROPE SA-REG-S 1.87500% 18-19.01.26 | 305 000.00 | 314 004.21 | 0.14 |
| EUR | COMMERZBANK AG-REG-S 0.62500% 19-28.08.24 | 165 000.00 | 167 955.48 | 0.07 |
| EUR | COVESTRO AG-REG-S 1.37500% 20-12.06.30 | 150 000.00 | 152 343.00 | 0.07 |
| EUR | CPI PROPERTY GROUP SA-REG-S 2.75000% 20-12.05.26 | 155 000.00 | 159 860.80 | 0.07 |
| EUR | CREDIT AGRICOLE SA LONDON-REG-S 1.37500% 18-13.03.25 | 300 000.00 | 314 343.00 | 0.14 |
| EUR | DAIMLER AG-REG-S 2.00000% 20-22.08.26 | 175 000.00 | 189 332.50 | 0.08 |
| EUR | DANSKE BANK AS-REG-S 1.37500% 19-24.05.22 | 250 000.00 | 254 920.62 | 0.11 |
| EUR | DANSKE BANK AS-REG-S-SUB 1.50000% 20-02.09.30 | 120 000.00 | 119 018.88 | 0.05 |
| EUR | DEUTSCHE BANK AG-REG-S 1.12500% 18-30.08.23 | 480 000.00 | 494 487.36 | 0.21 |
| EUR | DEUTSCHE BANK AG-REG-S 1.62500% 19-12.02.21 | 200 000.00 | 200 982.80 | 0.09 |
| EUR | DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 335 000.00 | 336 621.40 | 0.15 |
| EUR | EDP FINANCE BV-REG-S 2.00000% 15-22.04.25 | 200 000.00 | 216 692.00 | 0.09 |
| EUR | EGYPT, REPUBLIC OF-REG-S 6.37500% 19-11.04.31 | 400 000.00 | 372 125.00 | 0.16 |
| EUR | ELECTRICITE DE FRANCE-REG-S 1.87500% 16-13.10.36 | 2 600 000.00 | 2 865 298.80 | 1.24 |
| EUR | ELENIA FINANCE OYJ-REG-S 0.37500% 20-06.02.27 | 100 000.00 | 100 227.40 | 0.04 |
| EUR | ELIA TRANSMISSION BELGIUM SA-REG-S 0.87500% 20-28.04.30 | 100 000.00 | 104 270.00 | 0.05 |
| EUR | EUROBANK SA-REG-S 2.75000% 17-02.11.20 | 1 100 000.00 | 1 102 274.80 | 0.48 |
| EUR | EUROPEAN FINANCIAL STABILITY FAC-REG-S 1.80000% 17-10.07.48 | 1 700 000.00 | 2 403 402.20 | 1.04 |
| EUR | EUROPEAN STABILITY MECHANISM-REG-S 0.50000% 16-02.03.26 | 1 500 000.00 | 1 580 100.00 | 0.68 |
| EUR | EUROPEAN UNION-REG-S 2.50000% 12-04.11.27 | 1 500 000.00 | 1 813 050.00 | 0.79 |
| EUR | FMS WERTMANAGEMENT 0.37500% 15-29.04.30 | 1 800 000.00 | 1 903 986.00 | 0.82 |
| EUR | FORD MOTOR CREDIT CO LLC 3.02100% 19-06.03.24 | 100 000.00 | 97 875.00 | 0.04 |
| EUR | GE CAPITAL EUROPEAN FUNDING 4.62500% 07-22.02.27 | 1 500 000.00 | 1 765 173.00 | 0.76 |
| EUR | GENERAL MOTORS FINANCIAL CO INC-REG-S 1.69400% 18-26.03.25 | 500 000.00 | 502 191.00 | 0.22 |
| EUR | GLENCORE FINANCE EUROPE SA-REG-S 1.75000% 15-17.03.25 | 200 000.00 | 208 021.60 | 0.09 |
| EUR | GLOBALWORTH REAL ESTATE INVEST-REG-S 3.00000% 18-29.03.25 | 100 000.00 | 100 500.00 | 0.04 |
| EUR | GOLDMAN SACHS GROUP INC-REG-S 2.00000% 18-01.11.28 | 410 000.00 | 454 419.56 | 0.20 |
| EUR | HEIDELBERGCEMENT FIN LUX SA-REG-S 1.12500% 19-01.12.27 | 80 000.00 | 80 920.00 | 0.04 |
| EUR | HEINEKEN NV-REG-S 2.25000% 20-30.03.30 | 100 000.00 | 115 684.41 | 0.05 |
| EUR | INFRASTRUTTURE WIRELESS ITALI SPA-REG-S 1.87500% 20-08.07.26 | 145 000.00 | 146 918.64 | 0.06 |
| EUR | KAZAKHSTAN, REPUBLIC OF-REG-S 2.37500% 18-09.11.28 | 800 000.00 | 864 750.01 | 0.37 |
| EUR | KBC GROUP NV-REG-S 1.12500% 19-25.01.24 | 200 000.00 | 206 568.00 | 0.09 |
| EUR | KION GROUP AG-REG-S 1.62500% 20-24.09.25 | 100 000.00 | 100 080.00 | 0.04 |
| EUR | KREDITANSTALT FUER WIEDERAUFBAU-REG-S 0.37500% 15-23.04.30 | 2 000 000.00 | 2 136 700.00 | 0.93 |
| EUR | MEXICO, UNITED STATES OF 3.00000% 15-06.03.45 | 200 000.00 | 203 312.50 | 0.09 |
| EUR | NATIONAL AUSTRALIA BANK LTD 1.87500% 12-13.01.23 | 500 000.00 | 526 048.00 | 0.23 |
| EUR | NEW YORK LIFE GLOBAL FUNDING-REG-S 0.25000% 20-23.01.27 | 390 000.00 | 390 982.52 | 0.17 |
| EUR | PETROLEOS MEXICANOS-REG-S 3.75000% 17-21.02.24 | 300 000.00 | 283 218.75 | 0.12 |
| EUR | PHILIP MORRIS INTERNATIONAL INC 2.87500% 14-03.03.26 | 1 450 000.00 | 1 649 099.50 | 0.71 |
| EUR | POLAND, REPUBLIC OF-REG-S 2.00000% 19-08.03.49 | 560 000.00 | 726 775.00 | 0.31 |
| EUR | RABOBANK INTERNATIONAL 4.00000% 12-11.01.22 | 2 000 000.00 | 2 110 124.00 | 0.91 |
| EUR | RABOBANK NEDERLAND NV-REG-S 1.50000% 18-26.04.38 | 1 500 000.00 | 1 889 886.00 | 0.82 |
| EUR | REDEXIS GAS FINANCE BV-REG-S 1.87500% 15-27.04.27 | 600 000.00 | 632 943.12 | 0.27 |
| EUR | REN FINANCE B V-REG-S 2.50000% 15-12.02.25 | 400 000.00 | 441 768.00 | 0.19 |
| EUR | ROBERT BOSCH GMBH-REG-S 1.75000% 14-08.07.24 | 1 500 000.00 | 1 611 591.00 | 0.70 |
| EUR | ROMANIA-REG-S 4.62500% 19-03.04.49 | 1 000 000.00 | 1 217 812.50 | 0.53 |
| EUR | SANOFI-REG-S 1.75000% 14-10.09.26 | 1 500 000.00 | 1 662 749.40 | 0.72 |
| EUR | SCANIA CV AB-REG-S 0.50000% 20-06.10.23 | 100 000.00 | 100 313.80 | 0.04 |
| EUR | SVENSKA HANDELSBANKEN AB-REG-S 1.00000% 20-15.04.25 | 145 000.00 | 151 770.74 | 0.07 |
| EUR | TOTAL CAPITAL INTERNATIONAL SA-REG-S 1.49100% 20-08.04.27 | 100 000.00 | 108 235.60 | 0.05 |
| EUR | TOTAL CAPITAL INTERNATIONAL SA-REG-S 1.99400% 20-08.04.32 | 100 000.00 | 115 028.20 | 0.05 |
| EUR | UBS GROUP AG-REG-S 1.25000% 16-01.09.26 | 900 000.00 | 952 443.00 | 0.41 |
| EUR | UNION FENOSA FINANCE BV-REG-S 1.25000% 20-15.01.26 | 200 000.00 | 210 690.00 | 0.09 |
| EUR | VODAFONE GROUP PLC-REG-S 1.60000% 16-29.07.31 | 300 000.00 | 325 442.40 | 0.14 |
| EUR | VODAFONE GROUP PLC-REG-S 2.50000% 19-24.05.39 | 150 000.00 | 171 673.50 | 0.07 |
| EUR | VOLKSWAGEN FINANCIAL SERVICES AG-REG-S 1.50000% 19-01.10.24 | 180 000.00 | 185 085.00 | 0.08 |
| EUR | WESTPAC BANKING CORP-REG-S 0.37500% 19-02.04.26 | 600 000.00 | 621 804.00 | 0.27 |
| Total EUR |  |  | 46 228 347.19 | 20.01 |
| USD |  |  |  |  |
| USD | MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 500 000.00 | 476 218.39 | 0.21 |
| USD | PERTAMINA PERSERO PT-REG-S 4.70000% 19-30.07.49 | 215 000.00 | 197 268.20 | 0.08 |
| USD | SAUDI ARABIAN OIL CO-REG-S 2.87500% 19-16.04.24 | 200 000.00 | 178 825.73 | 0.08 |
| USD | SAUDI ARABIAN OIL CO-REG-S 3.50000% 19-16.04.29 | 785 000.00 | 734 483.60 | 0.32 |
| USD | SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 4.00000% 18-17.04.25 | 600 000.00 | 567 304.83 | 0.24 |
| Total USD |  |  | 2 154 100.75 | 0.93 |
| Total Medium term notes, fixed rate |  | 48 382 447.94 | 20.94 |
| Medium term notes, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	SIEMENS FINANCIERINGSMAATSCH NV-REG-S 0.00000% 20-20.02.23 | 400 000.00 | 401 204.00 | 0.17 |
| Total EUR |  | 401 204.00 | 0.17 |
| Total Medium term notes, zero coupon |  | 401 204.00 | 0.17 |

UBS (Lux) Bond Fund – EUR Flexible Semi-Annual Report as of 30 September 2020
| Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |

Medium term notes, floating rate
| EUR |  |
| --- | --- |
| EUR | ALLIED IRISH BANKS PLC-REG-S-SUB 7.375%/VAR 15-PRP | 400 000.00 | 401 024.00 | 0.17 |
| EUR | AXA SA-REG-S-SUB 3.250%/VAR 18-28.05.49 | 100 000.00 | 111 910.00 | 0.05 |
| EUR | BANK OF AMERICA CORP-REG-S 0.808%/VAR 19-09.05.26 | 900 000.00 | 917 346.60 | 0.40 |
| EUR | BANK OF AMERICA CORP-REG-S 3.648%/VAR 20-31.03.29 | 330 000.00 | 402 062.10 | 0.17 |
| EUR | BARCLAYS PLC-REG-S 3.375%/VAR 20-02.04.25 | 170 000.00 | 184 455.44 | 0.08 |
| EUR | BARCLAYS PLC-REG-S-SUB 2.625%/VAR 15-11.11.25 | 200 000.00 | 200 140.80 | 0.09 |
| EUR | BNP PARIBAS SA-REG-S 1.125%/VAR 20-17.04.29 | 500 000.00 | 517 550.00 | 0.22 |
| EUR | COMMONWEALTH BK OF AUSTRLIA-REG-S-SUB 1.936%/VAR 17-03.10.29 | 200 000.00 | 206 070.00 | 0.09 |
| EUR | CREDIT AGRICOLE SA-REG-S 1.000%/VAR 20-22.04.26 | 700 000.00 | 718 690.00 | 0.31 |
| EUR | CREDIT SUISSE GROUP AG-REG-S 3.250%/VAR 20-02.04.26 | 100 000.00 | 111 772.00 | 0.05 |
| EUR | IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 100 000.00 | 103 620.17 | 0.04 |
| EUR | ING GROEP NV-SUB 3.000%/VAR 17-11.04.28 | 600 000.00 | 632 760.24 | 0.27 |
| EUR | LLOYDS BANKING GROUP PLC-REG-S 3.500%/VAR 20-01.04.26 | 115 000.00 | 129 131.31 | 0.06 |
| EUR | NATWEST GROUP PLC-REG-S 2.000%/VAR 18-04.03.25 | 400 000.00 | 415 552.00 | 0.18 |
| EUR | NORDEA BANK ABP-REG-S-SUB 1.000%/VAR 19-27.06.29 | 230 000.00 | 230 232.30 | 0.10 |
| EUR | TOTAL SE-REG-S-SUB 2.625%/VAR 15-PRP | 100 000.00 | 103 862.00 | 0.05 |
| Total EUR |  |  | 5 386 178.96 | 2.33 |
| Total Medium term notes, floating rate |  | 5 386 178.96 | 2.33 |
| Bonds, fixed rate |  |  |  |
| CNY |  |  |  |
| CNY	CHINA DEVELOPMENT BANK CORP 3.80000% 16-25.01.36 | 15 000 000.00 | 1 836 496.57 | 0.79 |
| Total CNY |  | 1 836 496.57 | 0.79 |
| EUR |  |  |  |
| EUR	ABBOTT IRELAND FINCING DAC-REG-S 0.87500% 18-27.09.23 | 225 000.00 | 231 453.45 | 0.10 |
| EUR	ADLER REAL ESTATE AG-REG-S 3.00000% 18-27.04.26 | 400 000.00 | 392 000.00 | 0.17 |
| EUR	ADO PROPERTIES SA-REG-S 1.50000% 17-26.07.24 | 100 000.00 | 95 673.40 | 0.04 |
| EUR	ALSTRIA OFFICE REIT-AG-REG-S 1.50000% 20-23.06.26 | 200 000.00 | 203 796.80 | 0.09 |
| EUR	ALTRIA GROUP INC 2.20000% 19-15.06.27 | 400 000.00 | 432 042.40 | 0.19 |
| EUR	APPLE INC 1.37500% 17-24.05.29 | 500 000.00 | 553 225.00 | 0.24 |
| EUR	AROUNDTOWN SA-REG-S 0.37500% 19-23.09.22 | 100 000.00 | 99 940.00 | 0.04 |
| EUR	AUSTRIA, REPUBLIC OF 2.40000% 13-23.05.34 | 2 500 000.00 | 3 388 475.00 | 1.47 |
| EUR	BANKIA SA-REG-S 1.12500% 15-05.08.22 | 1 000 000.00 | 1 027 600.00 | 0.44 |
| EUR	BELGIUM, KINGDOM OF-144A-REG-S 1.90000% 15-22.06.38 | 2 700 000.00 | 3 554 469.00 | 1.54 |
| EUR	BNZ INTERNATIONAL FUND LTD/LONDON 0.50000% 17-03.07.24 | 900 000.00 | 928 098.00 | 0.40 |
| EUR	BPCE SA-REG-S 0.25000% 20-15.01.26 | 200 000.00 | 201 496.00 | 0.09 |
| EUR	BRISTOL MYERS SQUIBB CO 1.75000% 15-15.05.35 | 200 000.00 | 234 935.02 | 0.10 |
| EUR	CHUBB INA HOLDINGS INC 2.50000% 18-15.03.38 | 200 000.00 | 240 914.90 | 0.10 |
| EUR	CNAC HK FINBRIDGE CO LTD-REG-S 1.75000% 18-14.06.22 | 500 000.00 | 504 375.00 | 0.22 |
| EUR	DXC TECHNOLOGY CO 1.75000% 18-15.01.26 | 265 000.00 | 265 773.80 | 0.11 |
| EUR	EIRCOM FINANCE DAC-REG-S 3.50000% 19-15.05.26 | 300 000.00 | 298 320.00 | 0.13 |
| EUR	EUROPEAN INVESTMENT BANK 1.00000% 16-14.04.32 | 2 000 000.00 | 2 281 604.00 | 0.99 |
| EUR	FRANCE, REPUBLIC OF-OAT 4.00000% 06-25.10.38 | 1 910 000.00 | 3 263 349.60 | 1.41 |
| EUR	FRANCE, REPUBLIC OF-OAT 4.50000% 09-25.04.41 | 1 040 000.00 | 1 954 663.36 | 0.85 |
| EUR	FRANCE, REPUBLIC OF-OAT-144A-REG-S 1.50000% 19-25.05.50 | 700 000.00 | 917 754.60 | 0.40 |
| EUR	GERMANY, REPUBLIC OF-REG-S 1.25000% 17-15.08.48 | 1 000 000.00 | 1 387 044.00 | 0.60 |
| EUR	GREECE, HELLENIC REPUBLIC OF-144A-REG-S 1.87500% 19-23.07.26 | 2 210 000.00 | 2 381 129.14 | 1.03 |
| EUR	IMPERIAL BRANDS FINANCE PLC-REG-S 1.37500% 17-27.01.25 | 300 000.00 | 308 883.00 | 0.13 |
| EUR	INTERNATIONAL BUSINESS MACHINES CORP 0.37500% 19-31.01.23 | 300 000.00 | 303 411.00 | 0.13 |
| EUR	INTERNATIONAL BUSINESS MACHINES CORP 1.25000% 19-29.01.27 | 200 000.00 | 213 554.00 | 0.09 |
| EUR	INTRUM JUSTITIA AB-REG-S 3.12500% 17-15.07.24 | 400 000.00 | 376 000.00 | 0.16 |
| EUR	IRELAND, REPUBLIC OF-REG-S 1.70000% 17-15.05.37 | 730 000.00 | 915 471.10 | 0.40 |
| EUR	ITALY, REPUBLIC OF-BTP-144A-REG-S 3.250% 14-01.09.46 | 1 800 000.00 | 2 396 397.60 | 1.04 |
| EUR	ITALY, REPUBLIC OF-BTP-144A-REG-S 1.65000% 15-01.03.32 | 2 600 000.00 | 2 796 227.20 | 1.21 |
| EUR	ITALY, REPUBLIC OF-BTP-144A-REG-S 2.70000% 16-01.03.47 | 1 300 000.00 | 1 582 620.00 | 0.68 |
| EUR	ITALY, REPUBLIC OF-BTP-144A-REG-S 2.25000% 16-01.09.36 | 4 283 000.00 | 4 897 610.50 | 2.12 |
| EUR	ITALY, REPUBLIC OF-BTP 2.05000% 17-01.08.27 | 7 200 000.00 | 7 932 240.00 | 3.43 |
| EUR	ITALY, REPUBLIC OF-BTP-REG-S 3.00000% 19-01.08.29 | 1 000 000.00 | 1 195 092.00 | 0.52 |
| EUR	MATTERHORN TELECOM SA-REG-S 3.12500% 19-15.09.26 | 330 000.00 | 314 325.00 | 0.14 |
| EUR	MPT OPERATING PARTNERSHIP LP/FIN CORP 3.32500% 17-24.03.25 | 300 000.00 | 313 360.20 | 0.14 |
| EUR	NETHERLANDS, KINGDOM OF THE 4.00000% 05-15.01.37 | 1 200 000.00 | 2 041 454.40 | 0.88 |
| EUR	PERU, REPUBLIC OF 3.75000% 16-01.03.30 | 350 000.00 | 430 937.50 | 0.19 |
| EUR	PORTUGAL, REPUBLIC OF-144A-REG-S 2.87500% 15-15.10.25 | 2 000 000.00 | 2 313 195.20 | 1.00 |
| EUR	PORTUGAL, REPUBLIC OF-144A-REG-S 2.25000% 18-18.04.34 | 1 400 000.00 | 1 720 040.00 | 0.74 |
| EUR	RABOBANK NEDERLAND NV-SUB 3.87500% 13-25.07.23 | 3 000 000.00 | 3 302 880.00 | 1.43 |
| EUR	SLOVAKIA, REPUBLIC OF-REG-S 0.75000% 19-09.04.30 | 800 000.00 | 879 088.00 | 0.38 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 1.50000% 15-25.03.35 | 2 500 000.00 | 2 949 700.00 | 1.28 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 3.12500% 15-07.08.45 | 800 000.00 | 1 301 606.40 | 0.56 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 2.90000% 16-31.10.46 | 2 000 000.00 | 2 892 520.00 | 1.25 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 1.50000% 17-30.04.27 | 700 000.00 | 774 393.20 | 0.33 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 2.70000% 18-31.10.48 | 3 000 000.00 | 4 235 244.00 | 1.83 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 1.85000% 19-30.07.35 | 2 826 000.00 | 3 342 089.77 | 1.45 |
| EUR	TAURON POLSKA ENERGIA SA-REG-S 2.37500% 17-05.07.27 | 200 000.00 | 202 625.00 | 0.09 |
| EUR	TEVA PHARMACEUTICAL FINANCE II BV-REG-S 1.12500% 16-15.10.24 | 200 000.00 | 172 687.50 | 0.07 |
| EUR	UMG GROUPE VYV 1.62500% 19-02.07.29 | 100 000.00 | 102 992.28 | 0.04 |
| EUR	UNITED GROUP BV-REG-S 3.12500% 20-15.02.26 | 335 000.00 | 314 980.40 | 0.14 |
| EUR	UPC HOLDING BV-REG-S 3.87500% 17-15.06.29 | 350 000.00 | 339 005.80 | 0.15 |
| EUR	VIVION INVESTMENTS SARL-REG-S 3.00000% 19-08.08.24 | 100 000.00 | 87 250.00 | 0.04 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 1.12500% 17-02.10.23 | 600 000.00 | 613 218.00 | 0.27 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 4.12500% 18-16.11.38 | 200 000.00 | 268 940.00 | 0.12 |
| Total EUR |  | 76 668 171.52 | 33.18 |
| GBP |  |  |  |
| GBP	ROTHESAY LIFE PLC-REG-S-SUB 3.37500% 19-12.07.26 | 315 000.00 | 360 183.80 | 0.16 |
| Total GBP |  | 360 183.80 | 0.16 |

UBS (Lux) Bond Fund – EUR Flexible
Semi-Annual Report as of 30 September 2020
|  | Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| JPY |  |  |  |  |
| JPY | JAPAN 0.50000% 19-20.03.59 | 318 100 000.00 | 2 467 278.49 | 1.07 |
| Total JPY |  |  | 2 467 278.49 | 1.07 |
| MXN |  |  |  |  |
| MXN | MEXICO, UNITED MEXICAN STATES 7.75000% 11-13.11.42 | 603 800.00 | 2 522 060.13 | 1.09 |
| Total MXN |  | 2 522 060.13 | 1.09 |
| USD |  |  |  |  |
| USD | BRAZIL, FEDERATIVE REPUBLIC OF 5.62500% 16-21.02.47 | 600 000.00 | 556 591.91 | 0.24 |
| USD | COLOMBIA, REPUBLIC OF 6.12500% 09-18.01.41 | 500 000.00 | 549 370.02 | 0.24 |
| USD | MOROCCO, KINGDOM OF THE-REG-S 5.50000% 12-11.12.42 | 500 000.00 | 528 317.27 | 0.23 |
| USD | NETFLIX INC 4.37500% 16-15.11.26 | 100 000.00 | 92 845.26 | 0.04 |
| Total USD |  |  | 1 727 124.46 | 0.75 |
| ZAR |  |  |  |  |
| ZAR | SOUTH AFRICA, REPUBLIC OF 8.75000% 12-28.02.48 | 190 000 000.00 | 7 460 589.68 | 3.23 |
| Total ZAR |  |  | 7 460 589.68 | 3.23 |
| Total Bonds, fixed rate |  | 93 041 904.65 | 40.27 |
| Bonds, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 16-25.05.22 | 750 000.00 | 758 026.50 | 0.33 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 19-25.11.29 | 640 000.00 | 658 816.00 | 0.28 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 20-15.02.30 | 5 500 000.00 | 5 792 875.00 | 2.51 |
| Total EUR |  | 7 209 717.50 | 3.12 |
| Total Bonds, zero coupon |  | 7 209 717.50 | 3.12 |
| Bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	BP CAPITAL MARKETS PLC-REG-S 3.250%/VAR 20-PRP | 130 000.00 | 133 492.58 | 0.06 |
| EUR	BP CAPITAL MARKETS PLC-REG-S-SUB 3.625%/VAR 20-PRP | 100 000.00 | 102 932.00 | 0.04 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 4.000%/VAR 18-PRP | 200 000.00 | 208 749.20 | 0.09 |
| EUR	ENGIE SA-REG-S-SUB 3.250%/VAR 19-PRP | 100 000.00 | 107 000.00 | 0.05 |
| EUR	FRANCE, REPUBLIC OF-144-REG-S 0.100%/INFLAT LNKD 18-25.07.36 | 570 000.00 | 692 822.58 | 0.30 |
| EUR	FRANCE,REPUBLIC OF-OAT 0.100%/INFLATION IDX LKD 19-01.03.29 | 2 200 000.00 | 2 441 329.93 | 1.06 |
| EUR	HOLCIM FINANCE LUXEMBOURG SA-REG-S-SUB 3.000%/VAR 19-PRP | 300 000.00 | 305 241.60 | 0.13 |
| EUR	ITALY, REPUBLIC OF 2.550%/CPI LINKED 09-15.09.41 | 1 800 000.00 | 2 786 943.21 | 1.20 |
| EUR	ITALY, REPUBLIC OF-144A-REG-S 0.400%/CPI LINKED 19-15.05.30 | 2 000 000.00 | 2 028 273.86 | 0.88 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.125%/VAR 18-PRP | 100 000.00 | 89 262.00 | 0.04 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.875%/VAR 18-PRP | 100 000.00 | 87 299.00 | 0.04 |
| EUR	VONOVIA FINANCE BV-REG-S-SUB 4.000%/VAR 14-PRP | 100 000.00 | 103 612.60 | 0.04 |
| Total EUR |  | 9 086 958.56 | 3.93 |
| GBP |  |  |  |
| GBP	M&G PLC-REG-S-SUB 5.625%/VAR 18-20.10.51 | 190 000.00 | 243 422.12 | 0.11 |
| Total GBP |  | 243 422.12 | 0.11 |
| Total Bonds, floating rate |  | 9 330 380.68 | 4.04 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.50000% 20-30.06.27 | 2 000 000.00 | 1 712 134.23 | 0.74 |
| Total USD |  | 1 712 134.23 | 0.74 |
| Total Treasury notes, fixed rate |  | 1 712 134.23 | 0.74 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 181 691 704.14 | 78.64 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Asset Backed Securities, floating rate |  |  |  |
| USD |  |  |  |
| USD	SOFI PROFESSIONA LOAN PROGRAM LLC-144A VAR 17-26.03.40 | 475 000.00 | 425 349.22 | 0.19 |
| Total USD |  | 425 349.22 | 0.19 |
| Total Asset Backed Securities, floating rate |  | 425 349.22 | 0.19 |
| Mortgage Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BENCHMARK MORTGAGE TRUST-SUB 3.97900% 19-01.03.62 | 750 000.00 | 742 657.78 | 0.32 |
| USD	HILTON USA TRUST-144A-SUB 5.51909% 16-01.11.35 | 675 000.00 | 570 605.28 | 0.25 |
| USD	MSBAM LYNCH TRUST-SUB 3.99400% 16-01.12.49 | 313 000.00 | 300 085.48 | 0.13 |
| Total USD |  | 1 613 348.54 | 0.70 |
| Total Mortgage Backed Securities, fixed rate |  | 1 613 348.54 | 0.70 |
| Mortgage Backed Securities, floating rate |  |  |  |
| USD |  |  |  |
| USD	AVENTURA MALL TRUST-144A FLR 18-01.07.40 | 650 000.00 | 589 790.65 | 0.25 |
| USD	BAMLL COMMERCIAL MORT SET-144A 1M LIBOR+135BP 18-15.09.34 | 550 000.00 | 441 423.72 | 0.19 |
| USD	BANK 2017-BNK9 VAR 17-01.11.54 | 450 000.00 | 439 540.62 | 0.19 |
| USD	BANK-SUB FLR 18-01.02.61 | 505 000.00 | 430 375.42 | 0.19 |

UBS (Lux) Bond Fund – EUR Flexible Semi-Annual Report as of 30 September 2020
|  | Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | BBCMS TRUST CBM-144A 1M LIBOR+119.1098BP 18-15.07.37 | 550 000.00 | 433 989.75 | 0.19 |
| USD | BENCHMARK MORTGAGE TRUST VAR 18-01.02.51 | 250 000.00 | 244 221.98 | 0.11 |
| USD | BENCHMARK MORTGAGE TRUST-SUB FLR 18-01.10.51 | 550 000.00 | 474 870.78 | 0.21 |
| USD | CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+145BP 19-15.12.37 | 175 000.00 | 148 484.93 | 0.06 |
| USD | CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+175BP 19-15.12.37 | 430 000.00 | 365 786.49 | 0.16 |
| USD | CHT COSMO MORTGAGE TRUST-144A-SUB 1M LIBOR+225BP 17-15.11.36 | 600 000.00 | 485 993.71 | 0.21 |
| USD | CORE TRUST CORE-144A 1M LIBOR+110BP 19-15.12.31 | 230 000.00 | 193 348.74 | 0.08 |
| USD | JP MORGAN CHASE MORTGAGE SECURITIES-144A-SUB FLR 18-01.01.31 | 685 000.00 | 584 703.88 | 0.25 |
| USD | JPMDB COMMER MORTGAGE SECURITIES TRUST VAR 17-01.03.50 | 450 000.00 | 430 403.74 | 0.19 |
| USD | WORLDWIDE PLAZA TRUST-144A-SUB FLR 17-01.11.36 | 950 000.00 | 859 628.11 | 0.37 |
| Total USD |  |  | 6 122 562.52 | 2.65 |
| Total Mortgage Backed Securities, floating rate |  | 6 122 562.52 | 2.65 |
| Notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 8.00000% 19-15.05.27 | 195 000.00 | 206 700.00 | 0.09 |
| Total EUR |  | 206 700.00 | 0.09 |
| USD |  |  |  |
| USD	ABBVIE INC-144A 4.75000% 20-15.03.45 | 140 000.00 | 144 279.09 | 0.06 |
| USD	BROADCOM INC 3.15000% 20-15.11.25 | 200 000.00 | 184 731.80 | 0.08 |
| USD	BROADCOM INC 4.70000% 20-15.04.25 | 200 000.00 | 193 802.49 | 0.08 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 5.30000% 19-01.10.29 | 280 000.00 | 273 851.36 | 0.12 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 5.85000% 20-15.07.25 | 200 000.00 | 198 727.96 | 0.09 |
| USD	ENLINK MIDSTREAM PARTNERS LP 4.40000% 14-01.04.24 | 110 000.00 | 84 424.17 | 0.04 |
| USD	INFOR INC-144A 1.75000% 20-15.07.25 | 90 000.00 | 78 958.24 | 0.03 |
| USD	NXP BV / NXP FDNG LLC / NXP USA-144A 2.70000% 20-01.05.25 | 40 000.00 | 36 135.69 | 0.01 |
| USD	ONCOR ELECTRIC DELIVERY CO 3.70000% 19-15.11.28 | 40 000.00 | 40 116.09 | 0.02 |
| Total USD |  | 1 235 026.89 | 0.53 |
| Total Notes, fixed rate |  | 1 441 726.89 | 0.62 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	PANTHER BF AGGR 2/PANTHER FIN CO-REG-S 4.37500% 19-15.05.26 | 400 000.00 | 400 500.00 | 0.17 |
| Total EUR |  | 400 500.00 | 0.17 |
| Total Bonds, fixed rate |  | 400 500.00 | 0.17 |
| Bonds, floating rate |  |  |  |
| NZD |  |  |  |
| NZD	NEW ZEALAND 2.500%/CPI LINKED 17-20.09.40 | 14 000 000.00 | 12 878 894.35 | 5.58 |
| NZD	NEW ZEALAND 3.000%/CPI LINKED 13-20.09.30 | 3 000 000.00 | 2 521 038.72 | 1.09 |
| NZD	NEW ZEALAND-REG-S 2.500%/CPI LINKED 14-20.09.35 | 8 000 000.00 | 7 054 214.09 | 3.05 |
| Total NZD |  | 22 454 147.16 | 9.72 |
| Total Bonds, floating rate |  | 22 454 147.16 | 9.72 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 32 457 634.33 | 14.05 |
| Recently issued transferable securities and money market instruments |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	NXP BV / NXP FDNG LLC / NXP USA-144A 3.15000% 20-01.05.27 | 100 000.00 | 92 166.79 | 0.04 |
| Total USD |  | 92 166.79 | 0.04 |
| Total Notes, fixed rate | 92 166.79 | 0.04 |
| Total Recently issued transferable securities and money market instruments | 92 166.79 | 0.04 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |  |
| Investment funds, open end |  |  |
| Luxembourg |  |  |
| USD	UBS (LUX) BOND SICAV - MULTI INCOME (USD) U-X-ACC	320.00 | 2 803 780.16 | 1.21 |
| Total Luxembourg | 2 803 780.16 | 1.21 |
| Total Investment funds, open end | 2 803 780.16 | 1.21 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 2 803 780.16 | 1.21 |
| Total investments in securities | 217 045 285.42 | 93.94 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange Financial Futures on bonds |
|  |  |  |  |
| EUR	EURO BTP ITALY GOVERMENT FUTURE 08.12.20 | -60.00 | -124 200.00 | -0.05 |
| EUR	SHORT EURO BTP ITALY GOVERNMENT FUTURE 08.12.20 | 40.00 | 14 400.00 | 0.01 |

UBS (Lux) Bond Fund – EUR Flexible
Semi-Annual Report as of 30 September 2020
|  | Description | Quantity/ Nominal | Valuation in EUR Unrealized gain (loss) on Futures/ Forward Exchange Contracts/ Swaps (Note 1) | as a % of net assets |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| EUR | EURO-BUND FUTURE 08.12.20 | -42.00 | -15 880.00 | -0.01 |
| EUR | EURO-BOBL FUTURE 08.12.20 | 135.00 | 0.00 | 0.00 |
| EUR | EURO-SCHATZ FUTURE 08.12.20 | 280.00 | -4 200.00 | 0.00 |
| EUR | EURO-BUXL FUTURE 08.12.20 | 8.00 | 19 200.00 | 0.01 |
| EUR | EURO-OAT FUTURE 08.12.20 | 125.00 | 101 250.00 | 0.04 |
| GBP | LONG GILT FUTURE 29.12.20 | 20.00 | 23 592.65 | 0.01 |
| CAD | CAN 10YR BOND FUTURE 18.12.20 | -69.00 | 9 582.68 | 0.00 |
| USD | US 10YR ULTRA NOTE FUTURE 21.12.20 | -85.00 | -54 364.05 | -0.02 |
| USD | US 10YR TREASURY NOTE FUTURE 21.12.20 | -30.00 | -10 626.29 | -0.01 |
| USD | US ULTRA LONG BOND (CBT) FUTURE 21.12.20 | 27.00 | 5 756.19 | 0.00 |
| JPY | JAPAN GOVERNMENT 10Y BOND (OSE) FUTURE 14.12.20 | 36.00 | 64 000.13 | 0.03 |
| Total Financial Futures on bonds |  | 28 511.31 | 0.01 |
| Total Derivative instruments listed on an official stock exchange |  | 28 511.31 | 0.01 |
| Derivative instruments not listed on an official stock exchange and not traded on | another regulated market |  |  |
| Swaps and forward swaps on interest rates |  |  |  |
|  |  |  |  |
| GBP	LCH/INTEREST RATE SWAP PAYER 1.63200% 18-15.06.48 | -2 000 000.00 | -627 750.54 | -0.27 |
| GBP	LCH/INTEREST RATE SWAP REC 6ML 18-15.06.48 |  |  |  |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.86375% 18-22.06.48 | -400 000 000.00 | -482 308.16 | -0.21 |
| JPY	LCH/INTEREST RATE SWAP REC 6ML 18-22.06.48 |  |  |  |
| GBP	LCH/INTEREST RATE SWAP PAYER 1.62336% 18-27.06.48 | -2 500 000.00 | -778 440.67 | -0.34 |
| GBP	LCH/INTEREST RATE SWAP REC 6ML 18-27.06.48 |  |  |  |
| GBP	LCH/INTEREST RATE SWAP PAYER 1.62540% 18-29.06.48 | -2 750 000.00 | -857 973.32 | -0.37 |
| GBP	LCH/INTEREST RATE SWAP REC 6ML 18-29.06.48 |  |  |  |
| GBP	LCH/INTEREST RATE SWAP PAYER 1.59000% 18-25.07.48 | -2 000 000.00 | -603 096.98 | -0.26 |
| GBP	LCH/INTEREST RATE SWAP REC 6ML 18-25.07.48 |  |  |  |
| NZD	LCH/INTEREST RATE SWAP PAYER 2.27500% 18-17.10.22 | -27 000 000.00 | -840 058.34 | -0.36 |
| NZD	LCH/INTEREST RATE SWAP REC 3MF 18-17.10.22 |  |  |  |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.91000% 18-22.11.48 | -280 000 000.00 | -370 862.02 | -0.16 |
| JPY	LCH/INTEREST RATE SWAP REC 6ML 18-22.11.48 |  |  |  |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.71375% 18-27.12.48 | -360 000 000.00 | -315 672.65 | -0.14 |
| JPY	LCH/INTEREST RATE SWAP REC 6ML 18-27.12.48 |  |  |  |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.68000% 19-05.03.49 | -630 000 000.00 | -499 090.37 | -0.22 |
| JPY	LCH/INTEREST RATE SWAP REC 6ML 19-05.03.49 |  |  |  |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.54275% 19-10.04.49 | -175 000 000.00 | -87 294.83 | -0.04 |
| JPY	LCH/INTEREST RATE SWAP REC 6ML 19-10.04.49 |  |  |  |
| NZD	LCH/INTEREST RATE SWAP PAYER 1.58300% 24-24.09.29 | -19 000 000.00 | -456 435.62 | -0.20 |
| NZD	LCH/INTEREST RATE SWAP REC 3MF 24-24.09.29 |  |  |  |
| NZD	LCH/INTEREST RATE SWAP PAYER 1.20750% 19-27.09.29 | -11 200 000.00 | -436 010.34 | -0.19 |
| NZD	LCH/INTEREST RATE SWAP REC 3MF 19-27.09.29 |  |  |  |
| NZD	LCH/INTEREST RATE SWAP PAYER 1.67500% 24-30.10.29 | -18 000 000.00 | -469 231.03 | -0.20 |
| NZD	LCH/INTEREST RATE SWAP REC 3MF 24-30.10.29 |  |  |  |
| GBP	LCH/INTEREST RATE SWAP PAYER 1.14124% 19-13.12.49 | -1 700 000.00 | -300 435.61 | -0.13 |
| GBP	LCH/INTEREST RATE SWAP REC 6ML 19-13.12.49 |  |  |  |
| PLN	LCH/INTEREST RATE SWAP PAYER 2.11600% 20-23.01.30 | -24 500 000.00 | -681 476.77 | -0.30 |
| PLN	LCH/INTEREST RATE SWAP REC 6MWIB 20-23.01.30 |  |  |  |
| PLN	LCH/INTEREST RATE SWAP PAYER 1.91900% 20-10.02.30 | -29 000 000.00 | -680 582.67 | -0.29 |
| PLN	LCH/INTEREST RATE SWAP REC 6MWIBR 20-10.02.30 |  |  |  |
| PLN	LCH/INTEREST RATE SWAP PAYER 1.66500% 20-27.02.30 | -22 000 000.00 | -393 789.10 | -0.17 |
| PLN	LCH/INTEREST RATE SWAP REC 6MWIBR 20-27.02.30 |  |  |  |
| USD	LCH/INTEREST RATE SWAP PAYER 1.29910% 20-03.03.50 | -1 000 000.00 | -42 525.60 | -0.02 |
| USD	LCH/INTEREST RATE SWAP REC 3ML 20-03.03.50 |  |  |  |
| PLN	LCH/INTEREST RATE SWAP PAYER 1.34000% 20-06.03.30 | -16 000 000.00 | -174 318.14 | -0.08 |
| PLN	LCH/INTEREST RATE SWAP REC 6MWIBR 20-06.03.30 |  |  |  |
| PLN	LCH/INTEREST RATE SWAP PAYER 0.88000% 20-07.05.30 | -10 000 000.00 | 1 731.68 | 0.00 |
| PLN	LCH/INTEREST RATE SWAP REC 6MWIB 20-07.05.30 |  |  |  |
| USD	LCH/INTEREST RATE SWAP PAYER 0.96460% 20-25.08.50 | -2 600 000.00 | 85 785.24 | 0.04 |
| USD	LCH/INTEREST RATE SWAP REC 3ML 20-25.08.50 |  |  |  |
| MXN	CME/INTEREST RATE SWAP REC 8.07000% 18-26.06.28 | 135 000 000.00 | 849 097.37 | 0.37 |
| MXN	CME/INTEREST RATE SWAP PAYER MXI 18-26.06.28 |  |  |  |
| MXN	CME/INTEREST RATE SWAP REC 8.13500% 18-12.07.28 | 120 000 000.00 | 780 345.57 | 0.34 |
| MXN	CME/INTEREST RATE SWAP PAYER MXI 18-12.07.28 |  |  |  |
| GBP	LCH/INTEREST RATE SWAP REC 1.77500% 18-16.11.48 | 1 100 000.00 | 398 502.21 | 0.17 |
| GBP	LCH/INTEREST RATE SWAP PAYER 6ML 18-16.11.48 |  |  |  |
| CNY	LCH/INTEREST RATE SWAP REC 2.89500% 18-20.11.21 | 133 000 000.00 | 99 726.36 | 0.04 |
| CNY	LCH/INTEREST RATE SWAP PAYER CNRR007 18-20.11.21 |  |  |  |
| GBP	LCH/INTEREST RATE SWAP REC 1.59100% 19-15.01.49 | 1 100 000.00 | 337 893.17 | 0.15 |
| GBP	LCH/INTEREST RATE SWAP PAYER 6ML 19-15.01.49 |  |  |  |
| GBP	LCH/INTEREST RATE SWAP REC 1.22300% 19-07.06.49 | 1 000 000.00 | 198 693.04 | 0.09 |
| GBP	LCH/INTEREST RATE SWAP PAYER 6ML 19-07.06.49 |  |  |  |
| GBP	LCH/INTEREST RATE SWAP REC 1.18689% 19-20.06.49 | 1 000 000.00 | 187 768.38 | 0.08 |
| GBP	LCH/INTEREST RATE SWAP PAYER 6ML 19-20.06.49 |  |  |  |
| CNY	CITI/INTEREST RATE SWAP REC 2.77000% 19-28.08.24 | 80 000 000.00 | 68 107.77 | 0.03 |
| CNY	CITI/INTEREST RATE SWAP PAYER CNRR007 19-28.08.24 |  |  |  |
| CAD	LCH/INTEREST RATE SWAP REC 1.83100% 24-19.09.29 | 16 500 000.00 | 285 654.94 | 0.12 |
| CAD	LCH/INTEREST RATE SWAP PAYER 3MC 24-19.09.29 |  |  |  |
| CNY	CITI/INTEREST RATE SWAP REC 2.44500% 20-04.03.25 | 55 000 000.00 | -50 998.25 | -0.02 |
| CNY	CITI/INTEREST RATE SWAP PAYER CNRR007 20-04.03.25 |  |  |  |
| CNY	JPMORGAN/INTEREST RATE SWAP REC 2.15000% 20-04.06.25 | 65 000 000.00 | -175 410.44 | -0.08 |
| CNY	JPMORGAN/IRS PAYER CNRR007 20-04.06.25 |  |  |  |
| CNY	JPMORGAN/INTEREST RATE SWAP REC 2.30000% 20-05.06.25 | 135 000 000.00 | -251 980.44 | -0.11 |
| CNY	JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-05.06.25 |  |  |  |
| CNY	HSBC/INTEREST RATE SWAP REC 2.30500% 20-08.06.25 | 65 000 000.00 | -119 902.93 | -0.05 |
| CNY	HSBC/INTEREST RATE SWAP PAYER CNRR007 20-08.06.25 |  |  |  |
| CNY	JPMORGAN/INTEREST RATE SWAP REC 2.23500% 20-10.06.25 | 50 000 000.00 | -111 753.61 | -0.05 |
| CNY	JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-10.06.25 |  |  |  |
| CNY	CITI/INTEREST RATE SWAP REC 2.27000% 20-11.06.25 | 50 000 000.00 | -101 844.03 | -0.04 |
| CNY	CITI/INTEREST RATE SWAP PAYER CNRR007 20-11.06.25 |  |  |  |
| CNY	JPMORGAN/INTEREST RATE SWAP REC 2.19500% 20-12.06.25 | 48 000 000.00 | -117 611.32 | -0.05 |
| CNY	JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-12.06.25 |  |  |  |
| INR	CITI/INTEREST RATE SWAP REC 4.40000% 20-24.08.25 | 1 140 000 000.00 | -10 827.76 | 0.00 |
| INR	CITI/INTEREST RATE SWAP PAYER 6MFMBCMP 20-24.08.25 Total Swaps and forward swaps on interest rates |  | -6 744 375.81 | -2.92 |

UBS (Lux) Bond Fund – EUR Flexible Semi-Annual Report as of 30 September 2020
| Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |

Credit default swaps*
| USD | BOA/MEX CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -3 200 000.00 | 11 388.36 | 0.00 |
| --- | --- | --- | --- | --- |
| USD | CITIBANK/BRAZIL CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -1 900 000.00 | 61 221.27 | 0.03 |
| USD | JPMORGAN/BRAZIL CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -1 900 000.00 | 61 221.27 | 0.03 |
| EUR | ICE/ITRAXX EUROPE 27 JUN22 CDI REC 1.00000% 17-20.06.22 | 11 300 000.00 | 148 185.69 | 0.06 |
| EUR | ICE/ITRX EUXOVER 28 CDI REC 5.00000% 17-20.12.22 | 6 439 930.00 | 228 996.76 | 0.10 |
| USD | BOA/TURKEY CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 3 200 000.00 | -381 930.98 | -0.17 |
| USD | CITIBANK/SOAF CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 1 900 000.00 | -100 318.51 | -0.04 |
| USD | JPMORGAN/SOAF CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 1 900 000.00 | -100 318.51 | -0.04 |
| Total Credit default swaps | -71 554.65 | -0.03 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market | -6 815 930.46 | -2.95 |
| Total Derivative instruments | -6 787 419.15 | -2.94 |
| Forward Foreign Exchange contracts |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |

| MYR | 4 004 000.00 | USD | 959 133.81 | 6.10.2020 | 3 677.08 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 1 971 642.86 | PHP | 95 950 000.00 | 6.10.2020 | -6 416.08 | 0.00 |
| IDR | 14 908 000 000.00 | USD | 1 014 770.95 | 6.10.2020 | -11 315.74 | 0.00 |
| KRW | 1 134 000 000.00 | USD | 958 725.76 | 6.10.2020 | 9 824.96 | 0.00 |
| INR | 69 990 000.00 | USD | 951 209.57 | 6.10.2020 | -2 208.00 | 0.00 |
| RUB | 68 572 000.00 | USD | 919 300.46 | 6.10.2020 | -30 494.36 | -0.01 |
| USD | 1 960 516.43 | TWD | 57 400 000.00 | 6.10.2020 | -18 525.32 | -0.01 |
| CNY | 5 260 000.00 | USD | 764 812.80 | 9.10.2020 | 8 570.19 | 0.00 |
| CLP | 668 200 000.00 | USD | 853 875.15 | 6.10.2020 | -4 854.88 | 0.00 |
| BRL | 3 540 000.00 | USD | 643 964.20 | 6.10.2020 | -13 589.13 | -0.01 |
| COP | 3 775 496 000.00 | USD | 999 363.67 | 6.10.2020 | -16 962.99 | -0.01 |
| EUR | 2 879 174.00 | CAD | 4 465 000.00 | 6.10.2020 | 28 687.39 | 0.01 |
| EUR | 529 165.37 | AUD | 855 000.00 | 6.10.2020 | 6 582.20 | 0.00 |
| EUR | 471 458.98 | CHF | 510 000.00 | 6.10.2020 | -1 919.92 | 0.00 |
| USD | 1 030 000.00 | SGD | 1 402 623.10 | 6.10.2020 | 2 142.10 | 0.00 |
| GBP | 300 000.00 | EUR | 337 328.43 | 6.10.2020 | -6 596.64 | 0.00 |
| EUR | 3 824 920.10 | JPY | 481 900 000.00 | 6.10.2020 | -69 183.23 | -0.03 |
| EUR | 23 679 100.78 | NZD | 41 585 000.00 | 6.10.2020 | 238 981.80 | 0.10 |
| EUR | 4 326 150.69 | MXN | 112 500 000.00 | 6.10.2020 | -18 949.43 | -0.01 |
| NOK | 45 340 000.00 | EUR | 4 355 207.20 | 6.10.2020 | -222 976.21 | -0.10 |
| PLN | 2 250 000.00 | EUR | 509 850.40 | 6.10.2020 | -13 597.12 | -0.01 |
| EUR | 1 711 710.64 | SEK | 17 630 000.00 | 6.10.2020 | 31 919.88 | 0.01 |
| EUR | 2 398 257.03 | THB | 89 140 000.00 | 6.10.2020 | -595.04 | 0.00 |
| EUR | 30 525 770.72 | USD | 36 255 000.00 | 6.10.2020 | -390 635.74 | -0.17 |
| EUR | 7 838 592.94 | ZAR | 156 190 000.00 | 6.10.2020 | -145 272.03 | -0.06 |
| TWD | 30 168 700.00 | USD | 1 030 000.00 | 6.10.2020 | 10 098.46 | 0.01 |
| EUR | 206 959.12 | PLN | 915 000.00 | 6.10.2020 | 5 149.45 | 0.00 |
| EUR | 233 482.12 | NZD | 410 000.00 | 6.10.2020 | 2 378.39 | 0.00 |
| HUF | 308 086 400.00 | EUR | 860 000.00 | 6.10.2020 | -11 723.12 | -0.01 |
| USD | 1 000 000.00 | EUR | 844 754.41 | 6.10.2020 | 7 994.35 | 0.00 |
| JPY | 108 842 431.00 | EUR | 865 000.00 | 6.10.2020 | 14 526.19 | 0.01 |
| JPY | 109 342 481.00 | CAD | 1 350 000.00 | 6.10.2020 | 21 718.15 | 0.01 |
| CAD | 1 336 174.50 | NZD | 1 525 000.00 | 6.10.2020 | -6 570.34 | 0.00 |
| USD | 465 000.00 | EUR | 393 861.39 | 6.10.2020 | 2 666.79 | 0.00 |
| JPY | 107 939 406.00 | AUD | 1 405 000.00 | 6.10.2020 | 13 481.62 | 0.01 |
| USD | 870 618.89 | CLP | 668 200 000.00 | 6.10.2020 | 19 132.98 | 0.01 |
| COP | 3 581 567 000.00 | USD | 962 786.83 | 6.10.2020 | -28 674.85 | -0.01 |
| PLN | 3 850 000.00 | SEK | 8 992 483.50 | 6.10.2020 | -7 661.66 | 0.00 |
| GBP | 149 265.45 | MXN | 4 050 000.00 | 6.10.2020 | 8 133.78 | 0.00 |
| RUB | 76 913 437.50 | USD | 1 025 000.00 | 6.10.2020 | -28 977.46 | -0.01 |
| USD | 1 025 000.00 | NZD | 1 518 490.85 | 6.10.2020 | 18 143.74 | 0.01 |
| EUR | 369 902.34 | MXN | 9 220 000.00 | 6.10.2020 | 13 797.25 | 0.01 |
| NOK | 9 444 020.00 | NZD | 1 525 000.00 | 6.10.2020 | 1 123.06 | 0.00 |
| CZK | 23 402 575.00 | EUR | 865 000.00 | 6.10.2020 | -1 087.44 | 0.00 |
| PLN | 2 500 000.00 | EUR | 556 767.33 | 6.10.2020 | -5 374.80 | 0.00 |
| USD | 965 928.45 | KRW | 1 134 000 000.00 | 6.10.2020 | -3 678.90 | 0.00 |
| KRW | 1 134 000 000.00 | USD | 965 936.68 | 5.11.2020 | 6 282.27 | 0.00 |
| USD | 769 681.01 | CNY | 5 260 000.00 | 9.10.2020 | -4 404.26 | 0.00 |
| CNY | 5 260 000.00 | USD | 767 939.27 | 5.11.2020 | 4 504.40 | 0.00 |
| AUD | 1 415 000.00 | JPY | 104 741 696.00 | 6.10.2020 | 18 470.82 | 0.01 |
| USD | 940 730.53 | TWD | 27 300 000.00 | 5.11.2020 | -5 575.50 | 0.00 |
| TWD | 27 231 300.00 | USD | 932 898.25 | 6.10.2020 | 6 399.11 | 0.00 |
| USD | 947 731.89 | INR | 69 990 000.00 | 6.10.2020 | -757.66 | 0.00 |
| INR | 69 990 000.00 | USD | 944 630.02 | 5.11.2020 | 2 860.50 | 0.00 |
| CAD | 1 350 000.00 | JPY | 106 361 100.00 | 6.10.2020 | 2 374.05 | 0.00 |
| USD | 997 190.64 | IDR | 14 908 000 000.00 | 6.10.2020 | -3 676.08 | 0.00 |
| USD | 1 821 641.99 | RUB | 145 485 437.50 | 6.10.2020 | -45 132.78 | -0.02 |
| USD | 1 976 883.14 | PHP | 95 950 000.00 | 5.11.2020 | -214.38 | 0.00 |
| RUB | 145 485 500.00 | USD | 1 815 856.31 | 5.11.2020 | 44 854.63 | 0.02 |
| IDR | 14 908 000 000.00 | USD | 993 866.67 | 5.11.2020 | 3 721.54 | 0.00 |
| MYR | 4 004 000.00 | USD | 960 537.36 | 5.11.2020 | 1 681.91 | 0.00 |
| USD | 960 883.13 | MYR | 4 004 000.00 | 6.10.2020 | -2 185.49 | 0.00 |
| PHP | 95 950 000.00 | USD | 1 979 003.38 | 6.10.2020 | 139.25 | 0.00 |
| USD | 969 645.15 | KRW | 1 134 000 000.00 | 6.10.2020 | -511.37 | 0.00 |
| KRW | 1 134 000 000.00 | USD | 969 645.15 | 6.10.2020 | 513.24 | 0.00 |
| USD | 771 589.09 | CNY | 5 260 000.00 | 9.10.2020 | -2 782.43 | 0.00 |
| USD | 971 639.11 | KRW | 1 134 000 000.00 | 5.11.2020 | -1 414.15 | 0.00 |
| THB | 31 980 000.00 | USD | 1 011 695.55 | 6.10.2020 | -2 106.42 | 0.00 |
| BRL | 3 540 000.00 | USD | 625 331.21 | 5.11.2020 | 1 925.18 | 0.00 |
| USD | 625 773.38 | BRL | 3 540 000.00 | 6.10.2020 | -1 923.51 | 0.00 |

* Positive nominal: the subfund is “Receiver”, negative nominal: the subfund is “Payer”.
UBS (Lux) Bond Fund – EUR Flexible
Semi-Annual Report as of 30 September 2020
| Description	Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |

Forward Foreign Exchange contracts (Continued)
Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date
| USD | 1 901 049.87 | COP | 7 357 063 000.00 | 6.10.2020 | -6 466.84 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| COP | 7 357 063 000.00 | USD | 1 897 862.25 | 5.11.2020 | 6 332.48 | 0.00 |
| TWD | 57 400 000.00 | USD | 1 982 044.20 | 6.10.2020 | 170.49 | 0.00 |
| USD | 1 041 736.88 | TWD | 30 168 700.00 | 6.10.2020 | -89.46 | 0.00 |
| USD | 940 307.32 | TWD | 27 231 300.00 | 6.10.2020 | -80.76 | 0.00 |
| MXN | 9 090 000.00 | EUR | 348 194.60 | 6.10.2020 | 2 889.49 | 0.00 |
| Total Forward Foreign Exchange contracts | -573 312.35 | -0.25 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 26 817 382.36* | 11.61 |
| Bank overdraft and other short-term liabilities | -6 760 479.79 | -2.93 |
| Other assets and liabilities | 1 310 408.57 | 0.57 |
| Total net assets | 231 051 865.06 | 100.00 |

* As at 30 September 2020, cash amounts serve as collateral for the counterparty JP Morgan for an amount of EUR 956 000.00, Bank of America for an amount of EUR 410 000.00 and Citibank for an amount of EUR 330 000.00.
UBS (Lux) Bond Fund – EUR Flexible Semi-Annual Report as of 30 September 2020

Translation (ENDE, 2020-09-30):
# UBS (Lux) Bond Fund – EUR Flexible
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.9.2020 | 31.3.2020 | 31.3.2019 |
| Nettovermögen in EUR |  | 231 051 865.06 | 202 290 809.89 | 200 013 092.58 |
| Klasse I-A1-acc 1 | LU2092777270 |  |  |  |
| Anteile im Umlauf |  | 121 652.5600 | 139 407.4160 | - |
| Nettoinventarwert pro Anteil in EUR |  | 102.23 | 93.05 | - |
| Ausgabe- und Rücknahmepreis pro Anteil in EUR 2 |  | 102.23 | 92.40 | - |
| Klasse P-2%-qdist | LU1669358142 |  |  |  |
| Anteile im Umlauf |  | 187.6810 | 100.0000 | 100.0000 |
| Nettoinventarwert pro Anteil in EUR |  | 105.42 | 97.13 | 100.85 |
| Ausgabe- und Rücknahmepreis pro Anteil in EUR 2 |  | 105.42 | 96.45 | 100.85 |
| Klasse P-acc | LU0033050237 |  |  |  |
| Anteile im Umlauf |  | 285 576.0400 | 287 108.4080 | 302 129.1910 |
| Nettoinventarwert pro Anteil in EUR |  | 443.41 | 404.54 | 411.77 |
| Ausgabe- und Rücknahmepreis pro Anteil in EUR 2 |  | 443.41 | 401.71 | 411.77 |
| Klasse P-dist | LU0033049577 |  |  |  |
| Anteile im Umlauf |  | 319 760.9760 | 329 176.9000 | 432 022.1910 |
| Nettoinventarwert pro Anteil in EUR |  | 142.80 | 132.57 | 136.81 |
| Ausgabe- und Rücknahmepreis pro Anteil in EUR 2 |  | 142.80 | 131.64 | 136.81 |
| Klasse Q-acc | LU0358407707 |  |  |  |
| Anteile im Umlauf |  | 264 359.7750 | 172 832.0700 | 84 972.7840 |
| Nettoinventarwert pro Anteil in EUR |  | 169.94 | 154.74 | 156.87 |
| Ausgabe- und Rücknahmepreis pro Anteil in EUR 2 |  | 169.94 | 153.66 | 156.87 |
| Klasse Q-dist | LU0415166585 |  |  |  |
| Anteile im Umlauf |  | 12 871.7850 | 27 971.0800 | 30 801.4020 |
| Nettoinventarwert pro Anteil in EUR |  | 107.25 | 99.42 | 102.60 |
| Ausgabe- und Rücknahmepreis pro Anteil in EUR 2 |  | 107.25 | 98.72 | 102.60 |
| 1  Erste NAV 23.12.2019 2  Siehe Erläuterung 1 |  |  |  |  |

UBS (Lux) Bond Fund – EUR Flexible Halbjahresbericht per 30. September 2020

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
Italien	11.37
Neuseeland	10.12
Vereinigte Staaten	10.02
Frankreich	9.84
Deutschland	6.46
Niederlande	6.34
Spanien	6.03
Luxemburg	4.23
Südafrika	3.23
Irland	2.00
Slowenien	1.98
Belgien	1.76
Portugal	1.74
Grossbritannien	1.60
Griechenland	1.51
Supranational	1.47
Österreich	1.47
Japan	1.38
Mexiko	1.30
China	0.98
Saudiarabia	0.94
Australien	0.72
Rumänien	0.57
Costa Rica	0.53
Schweiz	0.46
Schweden	0.44
Ukraine	0.41
Polen	0.40
Slowakei	0.38
Kasachstan	0.37
Chile	0.30
Uruguay	0.26
Indonesien	0.25
Brasilien	0.24
Kolumbien	0.24
Oman	0.23
Marokko	0.23
Philippinen	0.23
Hongkong	0.22
Türkei	0.21
Mongolei	0.21
Peru	0.19
Guatemala	0.16
Dänemark	0.16
Ägypten	0.16
Norwegen	0.14
Finnland	0.14
Argentinien	0.12
Ecuador	0.08
Macau	0.08
Bermuda	0.04
Wirtschaftliche Aufteilung in % des Nettovermögens	
Länder- & Zentralregierungen	54.81
Banken & Kreditinstitute	12.26
Finanz- & Beteiligungsgesellschaften	6.72
Supranationale Organisationen	3.50
Pfandbriefinstitute & Refinanzierungsgesellschaften	3.12
Energie- & Wasserversorgung	1.53
Anlagefonds	1.26
Pharmazeutik, Kosmetik & medizinische Produkte	1.16
Telekommunikation	1.09
Tabak & alkoholische Getränke	1.04
Erdöl	0.94
Elektrische Geräte & Komponenten	0.83
Öffentlich-rechtliche Körperschaften	0.82
Computer & Netzwerkausrüster	0.71
Immobilien	0.62
Internet, Software & IT-Dienste	0.60
Diverse nicht klassierte Gesellschaften	0.55
Versicherungen	0.54
Fahrzeuge	0.47
Diverse Dienstleistungen	0.42
Chemie	0.28
Verkehr & Transport	0.20
Gesundheits- & Sozialwesen	0.14
Textilien, Kleidung & Lederwaren	0.13
Verpackungsindustrie	0.08
Gastgewerbe & Freizeit	0.08
Maschinen & Apparate	0.04
Total	93.94
Total	93.94
UBS (Lux) Bond Fund – EUR Flexible Halbjahresbericht per 30. September 2020

## Nettovermögensaufstellung
Aktiva	30.9.2020
EUR
Wertpapierbestand, Einstandswert	202 964 725.13
Wertpapierbestand, nicht realisierte Werterhöhung (-minderung)		14 080 560.29	
Total Wertpapierbestand (Erläuterung 1)	217 045 285.42
Bankguthaben, Sicht- und Fristgelder	13 307 578.58*
Andere liquide Mittel (Margins)	13 509 803.78
Forderungen aus Wertpapierverkäufen (Erläuterung 1)	627.98
Forderungen aus Zeichnungen	140 553.54
Zinsforderungen aus Wertpapieren	1 610 472.64
Zinsforderungen aus liquiden Mitteln	69.12
Total Aktiva	245 642 902.37
Passiva
Nicht realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten (Erläuterung 1)	28 511.31
Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1)	-573 312.35
Nicht realisierter Kursgewinn (-verlust) aus Swaps (Erläuterung 1)	-6 815 930.46
Kontokorrentkredit	-4 968 199.04
Andere kurzfristige Verbindlichkeiten (Margins)	-1 792 280.75
Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1)	-99 819.49
Verbindlichkeiten aus Rücknahmen	-236 377.96
Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2)	-75 634.21
Rückstellungen für Abonnementsabgabe (Erläuterung 3)	-27 302.42
Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2)		-2 180.63		 Total Rückstellungen für Aufwendungen			-105 117.26
Total Passiva	-14 591 037.31
Nettovermögen am Ende der Berichtsperiode	231 051 865.06

## Ertrags- und Aufwandsrechnung
Erträge	1.4.2020-30.9.2020
EUR
Zinsertrag auf liquide Mittel	149 137.01
Zinsen auf Wertpapiere	2 497 832.88
Zinsertrag auf Swaps (Erläuterung 1)	1 918 742.83
Erträge aus Securities Lending (Erläuterung 10)	52 770.20
Total Erträge	4 686 343.30
Aufwendungen
Sonstige Erträge	67 860.38
Zinsaufwand auf Swaps (Erläuterung 1)	-1 458 024.53
Kosten aus Securities Lending (Erläuterung 10)	-21 108.08
Pauschale Verwaltungskommission (Erläuterung 2)	-894 750.89
Abonnementsabgabe (Erläuterung 3)	-54 086.96
Sonstige Kommissionen und Gebühren (Erläuterung 2)	-20 696.08
Nettoerträge (-verluste) aus Anlagen	2 047 463.58
Total Aufwendungen	-2 638 879.72
Zinsaufwand auf liquide Mittel und Kontokorrentkredit	-190 213.18
Realisierte Gewinne (Verluste) (Erläuterung 1)
Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen	93 679.36
Realisierter Kursgewinn (-verlust) aus renditebewerteten Wertpapieren und Geldmarktinstrumenten	-8 158.17
Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten	-670 630.32
Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten	1 033 958.65
Realisierter Kursgewinn (-verlust) aus Swaps	5 139 486.55
Total der realisierten Gewinne (Verluste)	7 016 692.74
Realisierter Nettogewinn (-verlust) der Berichtsperiode	9 064 156.32
Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1)
Realisierter Währungsgewinn (-verlust)	1 428 356.67
Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen	15 641 615.91
Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente	-19 095.87
Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten	504 976.54
Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten	-1 201 768.90
Total der Veränderungen der nicht realisierten Werterhöhung (-minderung)	11 247 759.70
Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit	20 311 916.02
Nicht realisierte Werterhöhung (-minderung) von Swaps	-3 677 967.98
* Zum 30. September 2020 wurden gegenüber JP Morgan Bankguthaben in Höhe von EUR 956 000.00, Bank of America Bankguthaben in Höhe von EUR 410 000.00 und Citibank Bankguthaben in Höhe von EUR 330 000.00 als Sicherheit eingesetzt.
UBS (Lux) Bond Fund – EUR Flexible Halbjahresbericht per 30. September 2020
| Veränderung des Nettovermögens |  |
| --- | --- |
|  |  | EUR |
|  |  | 1.4.2020-30.9.2020 |
| Nettovermögen zu Beginn der Berichtsperiode |  | 202 290 809.89 |
| Zeichnungen |  | 28 454 456.56 |
| Rücknahmen |  | 	-19 158 291.53	 |
| Total Mittelzufluss (-abfluss) |  | 9 296 165.03 |
| Ausbezahlte Dividende |  | -847 025.88 |
| Nettoerträge (-verluste) aus Anlagen |  | 2 047 463.58 |
| Total der realisierten Gewinne (Verluste) |  | 7 016 692.74 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) |  | 	11 247 759.70	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit |  | 20 311 916.02 |
| Nettovermögen am Ende der Berichtsperiode |  | 231 051 865.06 |
| Entwicklung der Anteile im Umlauf |  |  |
|  |  | 1.4.2020-30.9.2020 |
| Klasse |  | I-A1-acc |
| Anzahl der Anteile im Umlauf zu Beginn der Berichtsperiode |  | 139 407.4160 |
| Anzahl der ausgegebenen Anteile |  | 6 208.6980 |
| Anzahl der zurückgegebenen Anteile |  | -23 963.5540 |
| Anzahl der Anteile im Umlauf am Ende der Berichtsperiode |  | 121 652.5600 |
| Klasse |  | P-2%-qdist |
| Anzahl der Anteile im Umlauf zu Beginn der Berichtsperiode |  | 100.0000 |
| Anzahl der ausgegebenen Anteile |  | 87.6810 |
| Anzahl der zurückgegebenen Anteile |  | 0.0000 |
| Anzahl der Anteile im Umlauf am Ende der Berichtsperiode |  | 187.6810 |
| Klasse |  | P-acc |
| Anzahl der Anteile im Umlauf zu Beginn der Berichtsperiode |  | 287 108.4080 |
| Anzahl der ausgegebenen Anteile |  | 13 236.0030 |
| Anzahl der zurückgegebenen Anteile |  | -14 768.3710 |
| Anzahl der Anteile im Umlauf am Ende der Berichtsperiode |  | 285 576.0400 |
| Klasse |  | P-dist |
| Anzahl der Anteile im Umlauf zu Beginn der Berichtsperiode |  | 329 176.9000 |
| Anzahl der ausgegebenen Anteile |  | 6 094.7900 |
| Anzahl der zurückgegebenen Anteile |  | -15 510.7140 |
| Anzahl der Anteile im Umlauf am Ende der Berichtsperiode |  | 319 760.9760 |
| Klasse |  | Q-acc |
| Anzahl der Anteile im Umlauf zu Beginn der Berichtsperiode |  | 172 832.0700 |
| Anzahl der ausgegebenen Anteile |  | 131 064.2600 |
| Anzahl der zurückgegebenen Anteile |  | -39 536.5550 |
| Anzahl der Anteile im Umlauf am Ende der Berichtsperiode |  | 264 359.7750 |
| Klasse |  | Q-dist |
| Anzahl der Anteile im Umlauf zu Beginn der Berichtsperiode |  | 27 971.0800 |
| Anzahl der ausgegebenen Anteile |  | 2 920.0560 |
| Anzahl der zurückgegebenen Anteile |  | -18 019.3510 |
| Anzahl der Anteile im Umlauf am Ende der Berichtsperiode |  | 12 871.7850 |
| Jährliche Ausschüttung 1 |  |  |
| UBS (Lux) Bond Fund – EUR Flexible	Ex-Date | Pay-Date | Währung	Betrag pro Anteil |
| P-dist	2.6.2020 | 5.6.2020 | EUR	2.42 |
| Q-dist	2.6.2020 | 5.6.2020 | EUR	1.88 |
| Vierteljährliche Ausschüttung 1 |  |  |
| UBS (Lux) Bond Fund – EUR Flexible	Ex-Date | Pay-Date | Währung	Betrag pro Anteil |
| P-2%-qdist	14.4.2020 | 17.4.2020 | EUR	0.48 |
| P-2%-qdist	10.7.2020 | 15.7.2020 | EUR	0.51 |
| 1  Siehe Erläuterung 4 |  |  |

UBS (Lux) Bond Fund – EUR Flexible Halbjahresbericht per 30. September 2020

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. September 2020
| Bezeichnung | Anzahl/ | Bewertung in EUR | 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 |  |  |  |
| EUR |  |  |  |
| EUR	ABBVIE INC-144A 2.12500% 20-01.06.29 | 100 000.00 | 112 013.80 | 0.05 |
| EUR	ABBVIE INC-144A 2.62500% 20-15.11.28 | 100 000.00 | 116 480.20 | 0.05 |
| EUR	ALTICE FINCO SA-REG-S 4.75000% 17-15.01.28 | 330 000.00 | 298 650.00 | 0.13 |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 600 000.00 | 633 446.40 | 0.28 |
| EUR	AMERICAN EXPRESS CREDIT CORP 0.62500% 16-22.11.21 | 100 000.00 | 100 872.00 | 0.04 |
| EUR	ARDAGH PACKAGING FINANCE/MP-REG-S 2.12500% 19-15.08.26 | 200 000.00 | 193 977.65 | 0.08 |
| EUR	ARGENTINA, REPUBLIC OF 0.12500% 20-09.07.30 | 679 000.00 | 268 205.00 | 0.12 |
| EUR	ARGENTINA, REPUBLIC OF 0.50000% 20-09.07.29 | 22 046.00 | 8 950.95 | 0.00 |
| EUR	AT&T INC 0.80000% 19-04.03.30 | 200 000.00 | 197 391.60 | 0.09 |
| EUR	BACARDI LTD-REG-S 2.75000% 13-03.07.23 | 100 000.00 | 104 459.00 | 0.05 |
| EUR	CHILE, REPUBLIC OF 0.83000% 19-02.07.31 | 700 000.00 | 700 218.75 | 0.30 |
| EUR	CHINA, PEOPLE’S REPUBLIC OF-REG-S 1.00000% 19-12.11.39 | 435 000.00 | 420 862.50 | 0.18 |
| EUR	FINANCIAL & RISK US HOLDINGS INC-REG-S 6.87500% 18-15.11.26 | 500 000.00 | 539 675.00 | 0.23 |
| EUR	FISERV INC 1.62500% 19-01.07.30 | 395 000.00 | 421 195.97 | 0.18 |
| EUR	FORD MOTOR CREDIT CO LLC 1.51400% 19-17.02.23 | 150 000.00 | 142 233.00 | 0.06 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 3.37500% 20-27.03.25 | 815 000.00 | 921 187.98 | 0.40 |
| EUR	INDONESIA, REPUBLIC OF 1.40000% 19-30.10.31 | 400 000.00 | 389 625.00 | 0.17 |
| EUR	INTERNATIONAL GAME TECHNOLOGY PLC-REG-S 2.37500% 19-15.04.28 | 160 000.00 | 140 000.00 | 0.06 |
| EUR	LA MONDIALE SAM-REG-S-SUB 2.12500% 20-23.06.31 | 200 000.00 | 198 822.00 | 0.09 |
| EUR	LOXAM SAS-REG-S 3.75000% 19-15.07.26 | 400 000.00 | 381 000.00 | 0.17 |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.12500% 20-11.02.28 | 200 000.00 | 200 027.20 | 0.09 |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.37500% 20-11.02.31 | 100 000.00 | 100 229.49 | 0.04 |
| EUR	NATIONAL GRID ELECTRICITY TRANS-REG-S 0.19000% 20-20.01.25 | 100 000.00 | 100 643.00 | 0.04 |
| EUR	NISSAN MOTOR CO LTD-REG-S 2.65200% 20-17.03.26 | 400 000.00 | 403 727.20 | 0.18 |
| EUR	PETROBRAS GLOBAL FINANCE BV 4.75000% 14-14.01.25 | 300 000.00 | 331 500.00 | 0.14 |
| EUR	SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 0.75000% 19-09.07.27 | 700 000.00 | 698 250.00 | 0.30 |
| EUR	SOFTBANK GROUP CORP-REG-S 4.50000% 18-20.04.25 | 300 000.00 | 314 460.00 | 0.14 |
| EUR	UKRAINE, GOVERNMENT OF-REG-S 4.37500% 20-27.01.30 | 600 000.00 | 489 000.00 | 0.21 |
| EUR	UNILABS SUBHOLDING AB-REG-S 5.75000% 17-15.05.25 | 400 000.00 | 401 012.80 | 0.17 |
| EUR	VEB FINANCE PLC-REG-S LPN 4.03200% 13-21.02.23 | 610 000.00 | 643 550.00 | 0.28 |
| Total EUR |  | 9 971 666.49 | 4.32 |
| USD |  |  |  |
| USD	AECOM TECHNOLOGY CORP 5.87500% 15-15.10.24 | 220 000.00 | 203 067.33 | 0.09 |
| USD	AERCAP IRELAND CAP/ GLBL AVIATION TRUST 6.50000% 20-15.07.25 | 150 000.00 | 138 093.11 | 0.06 |
| USD	COSTA RICA, REPUBLIC OF-REG-S 4.25000% 12-26.01.23 | 800 000.00 | 648 104.72 | 0.28 |
| USD	COSTA RICA, REPUBLIC OF-REG-S 7.15800% 15-12.03.45 | 740 000.00 | 576 424.12 | 0.25 |
| USD	DXC TECHNOLOGY CO 4.12500% 20-15.04.25 | 70 000.00 | 64 498.23 | 0.03 |
| USD	ECUADOR GOVT INTERNATIONAL BD-REG-S STEP-UP/DOWN 20-31.07.35 | 198 120.00 | 94 189.99 | 0.04 |
| USD	ECUADOR, REPUBLIC OF-REG-S STEP-UP 0.50000% 20-31.07.30 | 75 600.00 | 43 678.00 | 0.02 |
| USD	ECUADOR, REPUBLIC OF-REG-S STEP-UP 20-31.07.40 | 90 800.00 | 38 909.31 | 0.02 |
| USD	ENERGY TRANSFER PARTNERS LP 6.00000% 18-15.06.48 | 100 000.00 | 85 770.60 | 0.04 |
| USD	GENERAL ELECTRIC CO 3.45000% 20-01.05.27 | 60 000.00 | 54 174.06 | 0.02 |
| USD	GENERAL ELECTRIC CO 3.62500% 20-01.05.30 | 60 000.00 | 52 988.36 | 0.02 |
| USD	GENERAL ELECTRIC CO 3.15000% 12-07.09.22 | 240 000.00 | 213 751.06 | 0.09 |
| USD	GUATEMALA, REPUBLIC OF-REG-S 4.87500% 13-13.02.28 | 400 000.00 | 376 391.08 | 0.16 |
| USD	OMAN GOVT INTERNATIONAL BOND-REG-S 6.75000% 18-17.01.48 | 760 000.00 | 536 306.66 | 0.23 |
| USD	PHILIPPINES, REPUBLIC OF THE 2.45700% 20-05.05.30 | 570 000.00 | 523 749.63 | 0.23 |
| USD	PLAINS ALL AMERICAN PIPELINE LP 3.80000% 20-15.09.30 | 135 000.00 | 111 633.55 | 0.05 |
| USD	SANDS CHINA LTD-REG-S 4.37500% 20-18.06.30 | 200 000.00 | 179 917.28 | 0.08 |
| USD	SOUTHWEST AIRLINES CO 4.75000% 20-04.05.23 | 65 000.00 | 59 244.17 | 0.03 |
| USD	SOUTHWEST AIRLINES CO 5.12500% 20-15.06.27 | 105 000.00 | 97 878.46 | 0.04 |
| USD	SPRINT CORP 7.87500% 14-15.09.23 | 200 000.00 | 195 923.76 | 0.09 |
| USD	TURKEY, REPUBLIC OF 6.87500% 06-17.03.36 | 600 000.00 | 480 322.35 | 0.21 |
| USD	UKRAINE, GOVERNMENT OF-REG-S 7.37500% 17-25.09.32 | 560 000.00 | 448 599.32 | 0.19 |
| USD	URUGUAY, REPUBLIC OF 4.12500% 12-20.11.45 | 600 000.00 | 605 999.23 | 0.26 |
| USD	VALERO ENERGY CORP 2.85000% 20-15.04.25 | 140 000.00 | 125 287.57 | 0.05 |
| USD	VALERO ENERGY CORP 4.90000% 15-15.03.45 | 100 000.00 | 94 925.14 | 0.04 |
| Total USD |  | 6 049 827.09 | 2.62 |
| Total Notes, fester Zins |  | 16 021 493.58 | 6.94 |
| Notes, Nullcoupon |  |  |  |
| USD |  |  |  |
| USD	ECUADOR, REPUBLIC OF-REG-S 0.00000% 20-31.07.30 | 16 232.00 | 6 436.60 | 0.00 |
| Total USD |  | 6 436.60 | 0.00 |
| Total Notes, Nullcoupon |  | 6 436.60 | 0.00 |
| Notes, variabler Zins |  |  |  |
| EUR |  |  |  |
| EUR	AUSTRALIA & NZ BANKING GRP-REG-S-SUB 1.125%/VAR 19-21.11.29 | 200 000.00 | 199 806.00 | 0.09 |
| Total EUR |  | 199 806.00 | 0.09 |
| Total Notes, variabler Zins |  | 199 806.00 | 0.09 |
| Medium-Term Notes, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 2.37500% 19-27.09.27 | 100 000.00 | 105 001.40 | 0.05 |
| EUR	ABN AMRO BANK NV-REG-S 1.25000% 18-10.01.33 | 500 000.00 | 583 998.55 | 0.25 |
| EUR	ANHEUSER-BUSCH INBEV SA/NV-REG-S 1.15000% 18-22.01.27 | 200 000.00 | 210 071.20 | 0.09 |
| EUR	AROUNDTOWN SA-REG-S 2.00000% 18-02.11.26 | 100 000.00 | 105 764.40 | 0.05 |

UBS (Lux) Bond Fund – EUR Flexible Halbjahresbericht per 30. September 2020
|  | Bezeichnung | Anzahl/ | Bewertung in EUR | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| EUR | AURIZON NETWORK PTY LTD-REG-S 2.00000% 14-18.09.24 | 100 000.00 | 105 779.24 | 0.05 |
| EUR | AUTOSTRADE PER L’ITALIA SPA-REG-S 1.12500% 15-04.11.21 | 100 000.00 | 96 964.80 | 0.04 |
| EUR | BANCO BILBAO VIZCAYA ARGENTARIA SA 0.62500% 16-18.03.23 | 1 000 000.00 | 1 024 668.00 | 0.44 |
| EUR | BANCO BPM SPA 2.50000% 19-21.06.24 | 400 000.00 | 408 437.60 | 0.18 |
| EUR | BANCO SANTANDER SA-REG-S-SUB 3.25000% 16-04.04.26 | 100 000.00 | 110 286.00 | 0.05 |
| EUR | BANK OF IRELAND GROUP PLC-REG-S 1.37500% 18-29.08.23 | 255 000.00 | 259 535.68 | 0.11 |
| EUR | BANQUE FEDER DU CREDIT MUTUEL-REG-S-SUB 3.00000% 15-11.09.25 | 200 000.00 | 222 556.00 | 0.10 |
| EUR | BAT INTERNATIONAL FINANCE PLC-REG-S 0.87500% 15-13.10.23 | 200 000.00 | 203 613.20 | 0.09 |
| EUR | BAT INTERNATIONAL FINANCE PLC-REG-S 1.25000% 15-13.03.27 | 300 000.00 | 306 162.60 | 0.13 |
| EUR | BNP PARIBAS-REG-S-SUB 2.87500% 16-01.10.26 | 2 400 000.00 | 2 676 648.00 | 1.16 |
| EUR | BP CAPITAL MARKETS PLC 2.17700% 14-28.09.21 | 500 000.00 | 511 595.00 | 0.22 |
| EUR | BPCE SA-REG-S 1.37500% 18-23.03.26 | 300 000.00 | 315 162.60 | 0.14 |
| EUR | CANAL DE ISABEL II GESTION SA-REG-S 1.68000% 15-26.02.25 | 400 000.00 | 424 316.32 | 0.18 |
| EUR | CITIGROUP INC-REG-S 2.37500% 14-22.05.24 | 300 000.00 | 323 892.60 | 0.14 |
| EUR | CNH INDUSTRIAL FINANCE EUROPE SA-REG-S 1.87500% 18-19.01.26 | 305 000.00 | 314 004.21 | 0.14 |
| EUR | COMMERZBANK AG-REG-S 0.62500% 19-28.08.24 | 165 000.00 | 167 955.48 | 0.07 |
| EUR | COVESTRO AG-REG-S 1.37500% 20-12.06.30 | 150 000.00 | 152 343.00 | 0.07 |
| EUR | CPI PROPERTY GROUP SA-REG-S 2.75000% 20-12.05.26 | 155 000.00 | 159 860.80 | 0.07 |
| EUR | CREDIT AGRICOLE SA LONDON-REG-S 1.37500% 18-13.03.25 | 300 000.00 | 314 343.00 | 0.14 |
| EUR | DAIMLER AG-REG-S 2.00000% 20-22.08.26 | 175 000.00 | 189 332.50 | 0.08 |
| EUR | DANSKE BANK AS-REG-S 1.37500% 19-24.05.22 | 250 000.00 | 254 920.62 | 0.11 |
| EUR | DANSKE BANK AS-REG-S-SUB 1.50000% 20-02.09.30 | 120 000.00 | 119 018.88 | 0.05 |
| EUR | DEUTSCHE BANK AG-REG-S 1.12500% 18-30.08.23 | 480 000.00 | 494 487.36 | 0.21 |
| EUR | DEUTSCHE BANK AG-REG-S 1.62500% 19-12.02.21 | 200 000.00 | 200 982.80 | 0.09 |
| EUR | DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 335 000.00 | 336 621.40 | 0.15 |
| EUR | EDP FINANCE BV-REG-S 2.00000% 15-22.04.25 | 200 000.00 | 216 692.00 | 0.09 |
| EUR | EGYPT, REPUBLIC OF-REG-S 6.37500% 19-11.04.31 | 400 000.00 | 372 125.00 | 0.16 |
| EUR | ELECTRICITE DE FRANCE-REG-S 1.87500% 16-13.10.36 | 2 600 000.00 | 2 865 298.80 | 1.24 |
| EUR | ELENIA FINANCE OYJ-REG-S 0.37500% 20-06.02.27 | 100 000.00 | 100 227.40 | 0.04 |
| EUR | ELIA TRANSMISSION BELGIUM SA-REG-S 0.87500% 20-28.04.30 | 100 000.00 | 104 270.00 | 0.05 |
| EUR | EUROBANK SA-REG-S 2.75000% 17-02.11.20 | 1 100 000.00 | 1 102 274.80 | 0.48 |
| EUR | EUROPEAN FINANCIAL STABILITY FAC-REG-S 1.80000% 17-10.07.48 | 1 700 000.00 | 2 403 402.20 | 1.04 |
| EUR | EUROPEAN STABILITY MECHANISM-REG-S 0.50000% 16-02.03.26 | 1 500 000.00 | 1 580 100.00 | 0.68 |
| EUR | EUROPEAN UNION-REG-S 2.50000% 12-04.11.27 | 1 500 000.00 | 1 813 050.00 | 0.79 |
| EUR | FMS WERTMANAGEMENT 0.37500% 15-29.04.30 | 1 800 000.00 | 1 903 986.00 | 0.82 |
| EUR | FORD MOTOR CREDIT CO LLC 3.02100% 19-06.03.24 | 100 000.00 | 97 875.00 | 0.04 |
| EUR | GE CAPITAL EUROPEAN FUNDING 4.62500% 07-22.02.27 | 1 500 000.00 | 1 765 173.00 | 0.76 |
| EUR | GENERAL MOTORS FINANCIAL CO INC-REG-S 1.69400% 18-26.03.25 | 500 000.00 | 502 191.00 | 0.22 |
| EUR | GLENCORE FINANCE EUROPE SA-REG-S 1.75000% 15-17.03.25 | 200 000.00 | 208 021.60 | 0.09 |
| EUR | GLOBALWORTH REAL ESTATE INVEST-REG-S 3.00000% 18-29.03.25 | 100 000.00 | 100 500.00 | 0.04 |
| EUR | GOLDMAN SACHS GROUP INC-REG-S 2.00000% 18-01.11.28 | 410 000.00 | 454 419.56 | 0.20 |
| EUR | HEIDELBERGCEMENT FIN LUX SA-REG-S 1.12500% 19-01.12.27 | 80 000.00 | 80 920.00 | 0.04 |
| EUR | HEINEKEN NV-REG-S 2.25000% 20-30.03.30 | 100 000.00 | 115 684.41 | 0.05 |
| EUR | INFRASTRUTTURE WIRELESS ITALI SPA-REG-S 1.87500% 20-08.07.26 | 145 000.00 | 146 918.64 | 0.06 |
| EUR | KAZAKHSTAN, REPUBLIC OF-REG-S 2.37500% 18-09.11.28 | 800 000.00 | 864 750.01 | 0.37 |
| EUR | KBC GROUP NV-REG-S 1.12500% 19-25.01.24 | 200 000.00 | 206 568.00 | 0.09 |
| EUR | KION GROUP AG-REG-S 1.62500% 20-24.09.25 | 100 000.00 | 100 080.00 | 0.04 |
| EUR | KREDITANSTALT FUER WIEDERAUFBAU-REG-S 0.37500% 15-23.04.30 | 2 000 000.00 | 2 136 700.00 | 0.93 |
| EUR | MEXICO, UNITED STATES OF 3.00000% 15-06.03.45 | 200 000.00 | 203 312.50 | 0.09 |
| EUR | NATIONAL AUSTRALIA BANK LTD 1.87500% 12-13.01.23 | 500 000.00 | 526 048.00 | 0.23 |
| EUR | NEW YORK LIFE GLOBAL FUNDING-REG-S 0.25000% 20-23.01.27 | 390 000.00 | 390 982.52 | 0.17 |
| EUR | PETROLEOS MEXICANOS-REG-S 3.75000% 17-21.02.24 | 300 000.00 | 283 218.75 | 0.12 |
| EUR | PHILIP MORRIS INTERNATIONAL INC 2.87500% 14-03.03.26 | 1 450 000.00 | 1 649 099.50 | 0.71 |
| EUR | POLAND, REPUBLIC OF-REG-S 2.00000% 19-08.03.49 | 560 000.00 | 726 775.00 | 0.31 |
| EUR | RABOBANK INTERNATIONAL 4.00000% 12-11.01.22 | 2 000 000.00 | 2 110 124.00 | 0.91 |
| EUR | RABOBANK NEDERLAND NV-REG-S 1.50000% 18-26.04.38 | 1 500 000.00 | 1 889 886.00 | 0.82 |
| EUR | REDEXIS GAS FINANCE BV-REG-S 1.87500% 15-27.04.27 | 600 000.00 | 632 943.12 | 0.27 |
| EUR | REN FINANCE B V-REG-S 2.50000% 15-12.02.25 | 400 000.00 | 441 768.00 | 0.19 |
| EUR | ROBERT BOSCH GMBH-REG-S 1.75000% 14-08.07.24 | 1 500 000.00 | 1 611 591.00 | 0.70 |
| EUR | ROMANIA-REG-S 4.62500% 19-03.04.49 | 1 000 000.00 | 1 217 812.50 | 0.53 |
| EUR | SANOFI-REG-S 1.75000% 14-10.09.26 | 1 500 000.00 | 1 662 749.40 | 0.72 |
| EUR | SCANIA CV AB-REG-S 0.50000% 20-06.10.23 | 100 000.00 | 100 313.80 | 0.04 |
| EUR | SVENSKA HANDELSBANKEN AB-REG-S 1.00000% 20-15.04.25 | 145 000.00 | 151 770.74 | 0.07 |
| EUR | TOTAL CAPITAL INTERNATIONAL SA-REG-S 1.49100% 20-08.04.27 | 100 000.00 | 108 235.60 | 0.05 |
| EUR | TOTAL CAPITAL INTERNATIONAL SA-REG-S 1.99400% 20-08.04.32 | 100 000.00 | 115 028.20 | 0.05 |
| EUR | UBS GROUP AG-REG-S 1.25000% 16-01.09.26 | 900 000.00 | 952 443.00 | 0.41 |
| EUR | UNION FENOSA FINANCE BV-REG-S 1.25000% 20-15.01.26 | 200 000.00 | 210 690.00 | 0.09 |
| EUR | VODAFONE GROUP PLC-REG-S 1.60000% 16-29.07.31 | 300 000.00 | 325 442.40 | 0.14 |
| EUR | VODAFONE GROUP PLC-REG-S 2.50000% 19-24.05.39 | 150 000.00 | 171 673.50 | 0.07 |
| EUR | VOLKSWAGEN FINANCIAL SERVICES AG-REG-S 1.50000% 19-01.10.24 | 180 000.00 | 185 085.00 | 0.08 |
| EUR | WESTPAC BANKING CORP-REG-S 0.37500% 19-02.04.26 | 600 000.00 | 621 804.00 | 0.27 |
| Total EUR |  |  | 46 228 347.19 | 20.01 |
| USD |  |  |  |  |
| USD | MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 500 000.00 | 476 218.39 | 0.21 |
| USD | PERTAMINA PERSERO PT-REG-S 4.70000% 19-30.07.49 | 215 000.00 | 197 268.20 | 0.08 |
| USD | SAUDI ARABIAN OIL CO-REG-S 2.87500% 19-16.04.24 | 200 000.00 | 178 825.73 | 0.08 |
| USD | SAUDI ARABIAN OIL CO-REG-S 3.50000% 19-16.04.29 | 785 000.00 | 734 483.60 | 0.32 |
| USD | SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 4.00000% 18-17.04.25 | 600 000.00 | 567 304.83 | 0.24 |
| Total USD |  |  | 2 154 100.75 | 0.93 |
| Total Medium-Term Notes, fester Zins |  | 48 382 447.94 | 20.94 |
| Medium-Term Notes, Nullcoupon |  |  |  |
| EUR |  |  |  |
| EUR	SIEMENS FINANCIERINGSMAATSCH NV-REG-S 0.00000% 20-20.02.23 | 400 000.00 | 401 204.00 | 0.17 |
| Total EUR |  | 401 204.00 | 0.17 |
| Total Medium-Term Notes, Nullcoupon |  | 401 204.00 | 0.17 |

UBS (Lux) Bond Fund – EUR Flexible Halbjahresbericht per 30. September 2020
| Bezeichnung | Anzahl/ | Bewertung in EUR | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |

Medium-Term Notes, variabler Zins
| EUR |  |
| --- | --- |
| EUR | ALLIED IRISH BANKS PLC-REG-S-SUB 7.375%/VAR 15-PRP | 400 000.00 | 401 024.00 | 0.17 |
| EUR | AXA SA-REG-S-SUB 3.250%/VAR 18-28.05.49 | 100 000.00 | 111 910.00 | 0.05 |
| EUR | BANK OF AMERICA CORP-REG-S 0.808%/VAR 19-09.05.26 | 900 000.00 | 917 346.60 | 0.40 |
| EUR | BANK OF AMERICA CORP-REG-S 3.648%/VAR 20-31.03.29 | 330 000.00 | 402 062.10 | 0.17 |
| EUR | BARCLAYS PLC-REG-S 3.375%/VAR 20-02.04.25 | 170 000.00 | 184 455.44 | 0.08 |
| EUR | BARCLAYS PLC-REG-S-SUB 2.625%/VAR 15-11.11.25 | 200 000.00 | 200 140.80 | 0.09 |
| EUR | BNP PARIBAS SA-REG-S 1.125%/VAR 20-17.04.29 | 500 000.00 | 517 550.00 | 0.22 |
| EUR | COMMONWEALTH BK OF AUSTRLIA-REG-S-SUB 1.936%/VAR 17-03.10.29 | 200 000.00 | 206 070.00 | 0.09 |
| EUR | CREDIT AGRICOLE SA-REG-S 1.000%/VAR 20-22.04.26 | 700 000.00 | 718 690.00 | 0.31 |
| EUR | CREDIT SUISSE GROUP AG-REG-S 3.250%/VAR 20-02.04.26 | 100 000.00 | 111 772.00 | 0.05 |
| EUR | IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 100 000.00 | 103 620.17 | 0.04 |
| EUR | ING GROEP NV-SUB 3.000%/VAR 17-11.04.28 | 600 000.00 | 632 760.24 | 0.27 |
| EUR | LLOYDS BANKING GROUP PLC-REG-S 3.500%/VAR 20-01.04.26 | 115 000.00 | 129 131.31 | 0.06 |
| EUR | NATWEST GROUP PLC-REG-S 2.000%/VAR 18-04.03.25 | 400 000.00 | 415 552.00 | 0.18 |
| EUR | NORDEA BANK ABP-REG-S-SUB 1.000%/VAR 19-27.06.29 | 230 000.00 | 230 232.30 | 0.10 |
| EUR | TOTAL SE-REG-S-SUB 2.625%/VAR 15-PRP | 100 000.00 | 103 862.00 | 0.05 |
| Total EUR |  |  | 5 386 178.96 | 2.33 |
| Total Medium-Term Notes, variabler Zins |  | 5 386 178.96 | 2.33 |
| Anleihen, fester Zins |  |  |  |
| CNY |  |  |  |
| CNY	CHINA DEVELOPMENT BANK CORP 3.80000% 16-25.01.36 | 15 000 000.00 | 1 836 496.57 | 0.79 |
| Total CNY |  | 1 836 496.57 | 0.79 |
| EUR |  |  |  |
| EUR	ABBOTT IRELAND FINCING DAC-REG-S 0.87500% 18-27.09.23 | 225 000.00 | 231 453.45 | 0.10 |
| EUR	ADLER REAL ESTATE AG-REG-S 3.00000% 18-27.04.26 | 400 000.00 | 392 000.00 | 0.17 |
| EUR	ADO PROPERTIES SA-REG-S 1.50000% 17-26.07.24 | 100 000.00 | 95 673.40 | 0.04 |
| EUR	ALSTRIA OFFICE REIT-AG-REG-S 1.50000% 20-23.06.26 | 200 000.00 | 203 796.80 | 0.09 |
| EUR	ALTRIA GROUP INC 2.20000% 19-15.06.27 | 400 000.00 | 432 042.40 | 0.19 |
| EUR	APPLE INC 1.37500% 17-24.05.29 | 500 000.00 | 553 225.00 | 0.24 |
| EUR	AROUNDTOWN SA-REG-S 0.37500% 19-23.09.22 | 100 000.00 | 99 940.00 | 0.04 |
| EUR	AUSTRIA, REPUBLIC OF 2.40000% 13-23.05.34 | 2 500 000.00 | 3 388 475.00 | 1.47 |
| EUR	BANKIA SA-REG-S 1.12500% 15-05.08.22 | 1 000 000.00 | 1 027 600.00 | 0.44 |
| EUR	BELGIUM, KINGDOM OF-144A-REG-S 1.90000% 15-22.06.38 | 2 700 000.00 | 3 554 469.00 | 1.54 |
| EUR	BNZ INTERNATIONAL FUND LTD/LONDON 0.50000% 17-03.07.24 | 900 000.00 | 928 098.00 | 0.40 |
| EUR	BPCE SA-REG-S 0.25000% 20-15.01.26 | 200 000.00 | 201 496.00 | 0.09 |
| EUR	BRISTOL MYERS SQUIBB CO 1.75000% 15-15.05.35 | 200 000.00 | 234 935.02 | 0.10 |
| EUR	CHUBB INA HOLDINGS INC 2.50000% 18-15.03.38 | 200 000.00 | 240 914.90 | 0.10 |
| EUR	CNAC HK FINBRIDGE CO LTD-REG-S 1.75000% 18-14.06.22 | 500 000.00 | 504 375.00 | 0.22 |
| EUR	DXC TECHNOLOGY CO 1.75000% 18-15.01.26 | 265 000.00 | 265 773.80 | 0.11 |
| EUR	EIRCOM FINANCE DAC-REG-S 3.50000% 19-15.05.26 | 300 000.00 | 298 320.00 | 0.13 |
| EUR	EUROPEAN INVESTMENT BANK 1.00000% 16-14.04.32 | 2 000 000.00 | 2 281 604.00 | 0.99 |
| EUR	FRANCE, REPUBLIC OF-OAT 4.00000% 06-25.10.38 | 1 910 000.00 | 3 263 349.60 | 1.41 |
| EUR	FRANCE, REPUBLIC OF-OAT 4.50000% 09-25.04.41 | 1 040 000.00 | 1 954 663.36 | 0.85 |
| EUR	FRANCE, REPUBLIC OF-OAT-144A-REG-S 1.50000% 19-25.05.50 | 700 000.00 | 917 754.60 | 0.40 |
| EUR	GERMANY, REPUBLIC OF-REG-S 1.25000% 17-15.08.48 | 1 000 000.00 | 1 387 044.00 | 0.60 |
| EUR	GREECE, HELLENIC REPUBLIC OF-144A-REG-S 1.87500% 19-23.07.26 | 2 210 000.00 | 2 381 129.14 | 1.03 |
| EUR	IMPERIAL BRANDS FINANCE PLC-REG-S 1.37500% 17-27.01.25 | 300 000.00 | 308 883.00 | 0.13 |
| EUR	INTERNATIONAL BUSINESS MACHINES CORP 0.37500% 19-31.01.23 | 300 000.00 | 303 411.00 | 0.13 |
| EUR	INTERNATIONAL BUSINESS MACHINES CORP 1.25000% 19-29.01.27 | 200 000.00 | 213 554.00 | 0.09 |
| EUR	INTRUM JUSTITIA AB-REG-S 3.12500% 17-15.07.24 | 400 000.00 | 376 000.00 | 0.16 |
| EUR	IRELAND, REPUBLIC OF-REG-S 1.70000% 17-15.05.37 | 730 000.00 | 915 471.10 | 0.40 |
| EUR	ITALY, REPUBLIC OF-BTP-144A-REG-S 3.250% 14-01.09.46 | 1 800 000.00 | 2 396 397.60 | 1.04 |
| EUR	ITALY, REPUBLIC OF-BTP-144A-REG-S 1.65000% 15-01.03.32 | 2 600 000.00 | 2 796 227.20 | 1.21 |
| EUR	ITALY, REPUBLIC OF-BTP-144A-REG-S 2.70000% 16-01.03.47 | 1 300 000.00 | 1 582 620.00 | 0.68 |
| EUR	ITALY, REPUBLIC OF-BTP-144A-REG-S 2.25000% 16-01.09.36 | 4 283 000.00 | 4 897 610.50 | 2.12 |
| EUR	ITALY, REPUBLIC OF-BTP 2.05000% 17-01.08.27 | 7 200 000.00 | 7 932 240.00 | 3.43 |
| EUR	ITALY, REPUBLIC OF-BTP-REG-S 3.00000% 19-01.08.29 | 1 000 000.00 | 1 195 092.00 | 0.52 |
| EUR	MATTERHORN TELECOM SA-REG-S 3.12500% 19-15.09.26 | 330 000.00 | 314 325.00 | 0.14 |
| EUR	MPT OPERATING PARTNERSHIP LP/FIN CORP 3.32500% 17-24.03.25 | 300 000.00 | 313 360.20 | 0.14 |
| EUR	NETHERLANDS, KINGDOM OF THE 4.00000% 05-15.01.37 | 1 200 000.00 | 2 041 454.40 | 0.88 |
| EUR	PERU, REPUBLIC OF 3.75000% 16-01.03.30 | 350 000.00 | 430 937.50 | 0.19 |
| EUR	PORTUGAL, REPUBLIC OF-144A-REG-S 2.87500% 15-15.10.25 | 2 000 000.00 | 2 313 195.20 | 1.00 |
| EUR	PORTUGAL, REPUBLIC OF-144A-REG-S 2.25000% 18-18.04.34 | 1 400 000.00 | 1 720 040.00 | 0.74 |
| EUR	RABOBANK NEDERLAND NV-SUB 3.87500% 13-25.07.23 | 3 000 000.00 | 3 302 880.00 | 1.43 |
| EUR	SLOVAKIA, REPUBLIC OF-REG-S 0.75000% 19-09.04.30 | 800 000.00 | 879 088.00 | 0.38 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 1.50000% 15-25.03.35 | 2 500 000.00 | 2 949 700.00 | 1.28 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 3.12500% 15-07.08.45 | 800 000.00 | 1 301 606.40 | 0.56 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 2.90000% 16-31.10.46 | 2 000 000.00 | 2 892 520.00 | 1.25 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 1.50000% 17-30.04.27 | 700 000.00 | 774 393.20 | 0.33 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 2.70000% 18-31.10.48 | 3 000 000.00 | 4 235 244.00 | 1.83 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 1.85000% 19-30.07.35 | 2 826 000.00 | 3 342 089.77 | 1.45 |
| EUR	TAURON POLSKA ENERGIA SA-REG-S 2.37500% 17-05.07.27 | 200 000.00 | 202 625.00 | 0.09 |
| EUR	TEVA PHARMACEUTICAL FINANCE II BV-REG-S 1.12500% 16-15.10.24 | 200 000.00 | 172 687.50 | 0.07 |
| EUR	UMG GROUPE VYV 1.62500% 19-02.07.29 | 100 000.00 | 102 992.28 | 0.04 |
| EUR	UNITED GROUP BV-REG-S 3.12500% 20-15.02.26 | 335 000.00 | 314 980.40 | 0.14 |
| EUR	UPC HOLDING BV-REG-S 3.87500% 17-15.06.29 | 350 000.00 | 339 005.80 | 0.15 |
| EUR	VIVION INVESTMENTS SARL-REG-S 3.00000% 19-08.08.24 | 100 000.00 | 87 250.00 | 0.04 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 1.12500% 17-02.10.23 | 600 000.00 | 613 218.00 | 0.27 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 4.12500% 18-16.11.38 | 200 000.00 | 268 940.00 | 0.12 |
| Total EUR |  | 76 668 171.52 | 33.18 |
| GBP |  |  |  |
| GBP	ROTHESAY LIFE PLC-REG-S-SUB 3.37500% 19-12.07.26 | 315 000.00 | 360 183.80 | 0.16 |
| Total GBP |  | 360 183.80 | 0.16 |

UBS (Lux) Bond Fund – EUR Flexible Halbjahresbericht per 30. September 2020
|  | Bezeichnung | Anzahl/ | Bewertung in EUR | in % des |
| --- | --- | --- | --- | --- |
|  |  | Nominal | NR Kursgewinn | Netto- |
|  |  |  | (-verlust) auf Futures/ | vermögens |
|  |  |  | Devisentermin- |  |
|  |  |  | kontrakten/ |  |
|  |  |  | Swaps (Erl. 1) |  |
| JPY |  |  |  |  |
| JPY | JAPAN 0.50000% 19-20.03.59 | 318 100 000.00 | 2 467 278.49 | 1.07 |
| Total JPY |  |  | 2 467 278.49 | 1.07 |
| MXN |  |  |  |  |
| MXN | MEXICO, UNITED MEXICAN STATES 7.75000% 11-13.11.42 | 603 800.00 | 2 522 060.13 | 1.09 |
| Total MXN |  | 2 522 060.13 | 1.09 |
| USD |  |  |  |  |
| USD | BRAZIL, FEDERATIVE REPUBLIC OF 5.62500% 16-21.02.47 | 600 000.00 | 556 591.91 | 0.24 |
| USD | COLOMBIA, REPUBLIC OF 6.12500% 09-18.01.41 | 500 000.00 | 549 370.02 | 0.24 |
| USD | MOROCCO, KINGDOM OF THE-REG-S 5.50000% 12-11.12.42 | 500 000.00 | 528 317.27 | 0.23 |
| USD | NETFLIX INC 4.37500% 16-15.11.26 | 100 000.00 | 92 845.26 | 0.04 |
| Total USD |  |  | 1 727 124.46 | 0.75 |
| ZAR |  |  |  |  |
| ZAR | SOUTH AFRICA, REPUBLIC OF 8.75000% 12-28.02.48 | 190 000 000.00 | 7 460 589.68 | 3.23 |
| Total ZAR |  |  | 7 460 589.68 | 3.23 |
| Total Anleihen, fester Zins |  | 93 041 904.65 | 40.27 |
| Anleihen, Nullcoupon |  |  |  |
| EUR |  |  |  |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 16-25.05.22 | 750 000.00 | 758 026.50 | 0.33 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 19-25.11.29 | 640 000.00 | 658 816.00 | 0.28 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 20-15.02.30 | 5 500 000.00 | 5 792 875.00 | 2.51 |
| Total EUR |  | 7 209 717.50 | 3.12 |
| Total Anleihen, Nullcoupon |  | 7 209 717.50 | 3.12 |
| Anleihen, variabler Zins |  |  |  |
| EUR |  |  |  |
| EUR	BP CAPITAL MARKETS PLC-REG-S 3.250%/VAR 20-PRP | 130 000.00 | 133 492.58 | 0.06 |
| EUR	BP CAPITAL MARKETS PLC-REG-S-SUB 3.625%/VAR 20-PRP | 100 000.00 | 102 932.00 | 0.04 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 4.000%/VAR 18-PRP | 200 000.00 | 208 749.20 | 0.09 |
| EUR	ENGIE SA-REG-S-SUB 3.250%/VAR 19-PRP | 100 000.00 | 107 000.00 | 0.05 |
| EUR	FRANCE, REPUBLIC OF-144-REG-S 0.100%/INFLAT LNKD 18-25.07.36 | 570 000.00 | 692 822.58 | 0.30 |
| EUR	FRANCE,REPUBLIC OF-OAT 0.100%/INFLATION IDX LKD 19-01.03.29 | 2 200 000.00 | 2 441 329.93 | 1.06 |
| EUR	HOLCIM FINANCE LUXEMBOURG SA-REG-S-SUB 3.000%/VAR 19-PRP | 300 000.00 | 305 241.60 | 0.13 |
| EUR	ITALY, REPUBLIC OF 2.550%/CPI LINKED 09-15.09.41 | 1 800 000.00 | 2 786 943.21 | 1.20 |
| EUR	ITALY, REPUBLIC OF-144A-REG-S 0.400%/CPI LINKED 19-15.05.30 | 2 000 000.00 | 2 028 273.86 | 0.88 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.125%/VAR 18-PRP | 100 000.00 | 89 262.00 | 0.04 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.875%/VAR 18-PRP | 100 000.00 | 87 299.00 | 0.04 |
| EUR	VONOVIA FINANCE BV-REG-S-SUB 4.000%/VAR 14-PRP | 100 000.00 | 103 612.60 | 0.04 |
| Total EUR |  | 9 086 958.56 | 3.93 |
| GBP |  |  |  |
| GBP	M&G PLC-REG-S-SUB 5.625%/VAR 18-20.10.51 | 190 000.00 | 243 422.12 | 0.11 |
| Total GBP |  | 243 422.12 | 0.11 |
| Total Anleihen, variabler Zins |  | 9 330 380.68 | 4.04 |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.50000% 20-30.06.27 | 2 000 000.00 | 1 712 134.23 | 0.74 |
| Total USD |  | 1 712 134.23 | 0.74 |
| Total Treasury-Notes, fester Zins | 1 712 134.23 | 0.74 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 181 691 704.14 | 78.64 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Asset Backed Securities, variabler Zins |  |  |
| USD |  |  |
| USD	SOFI PROFESSIONA LOAN PROGRAM LLC-144A VAR 17-26.03.40	475 000.00 | 425 349.22 | 0.19 |
| Total USD | 425 349.22 | 0.19 |
| Total Asset Backed Securities, variabler Zins | 425 349.22 | 0.19 |
| Mortgage Backed Securities, fester Zins |  |  |
| USD |  |  |
| USD	BENCHMARK MORTGAGE TRUST-SUB 3.97900% 19-01.03.62	750 000.00 | 742 657.78 | 0.32 |
| USD	HILTON USA TRUST-144A-SUB 5.51909% 16-01.11.35	675 000.00 | 570 605.28 | 0.25 |
| USD	MSBAM LYNCH TRUST-SUB 3.99400% 16-01.12.49	313 000.00 | 300 085.48 | 0.13 |
| Total USD | 1 613 348.54 | 0.70 |
| Total Mortgage Backed Securities, fester Zins | 1 613 348.54 | 0.70 |
| Mortgage Backed Securities, variabler Zins |  |  |
| USD |  |  |
| USD	AVENTURA MALL TRUST-144A FLR 18-01.07.40	650 000.00 | 589 790.65 | 0.25 |
| USD	BAMLL COMMERCIAL MORT SET-144A 1M LIBOR+135BP 18-15.09.34	550 000.00 | 441 423.72 | 0.19 |
| USD	BANK 2017-BNK9 VAR 17-01.11.54	450 000.00 | 439 540.62 | 0.19 |
| USD	BANK-SUB FLR 18-01.02.61	505 000.00 | 430 375.42 | 0.19 |

UBS (Lux) Bond Fund – EUR Flexible Halbjahresbericht per 30. September 2020
|  | Bezeichnung | Anzahl/ | Bewertung in EUR | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| USD | BBCMS TRUST CBM-144A 1M LIBOR+119.1098BP 18-15.07.37 | 550 000.00 | 433 989.75 | 0.19 |
| USD | BENCHMARK MORTGAGE TRUST VAR 18-01.02.51 | 250 000.00 | 244 221.98 | 0.11 |
| USD | BENCHMARK MORTGAGE TRUST-SUB FLR 18-01.10.51 | 550 000.00 | 474 870.78 | 0.21 |
| USD | CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+145BP 19-15.12.37 | 175 000.00 | 148 484.93 | 0.06 |
| USD | CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+175BP 19-15.12.37 | 430 000.00 | 365 786.49 | 0.16 |
| USD | CHT COSMO MORTGAGE TRUST-144A-SUB 1M LIBOR+225BP 17-15.11.36 | 600 000.00 | 485 993.71 | 0.21 |
| USD | CORE TRUST CORE-144A 1M LIBOR+110BP 19-15.12.31 | 230 000.00 | 193 348.74 | 0.08 |
| USD | JP MORGAN CHASE MORTGAGE SECURITIES-144A-SUB FLR 18-01.01.31 | 685 000.00 | 584 703.88 | 0.25 |
| USD | JPMDB COMMER MORTGAGE SECURITIES TRUST VAR 17-01.03.50 | 450 000.00 | 430 403.74 | 0.19 |
| USD | WORLDWIDE PLAZA TRUST-144A-SUB FLR 17-01.11.36 | 950 000.00 | 859 628.11 | 0.37 |
| Total USD |  |  | 6 122 562.52 | 2.65 |
| Total Mortgage Backed Securities, variabler Zins |  | 6 122 562.52 | 2.65 |
| Notes, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 8.00000% 19-15.05.27 | 195 000.00 | 206 700.00 | 0.09 |
| Total EUR |  | 206 700.00 | 0.09 |
| USD |  |  |  |
| USD	ABBVIE INC-144A 4.75000% 20-15.03.45 | 140 000.00 | 144 279.09 | 0.06 |
| USD	BROADCOM INC 3.15000% 20-15.11.25 | 200 000.00 | 184 731.80 | 0.08 |
| USD	BROADCOM INC 4.70000% 20-15.04.25 | 200 000.00 | 193 802.49 | 0.08 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 5.30000% 19-01.10.29 | 280 000.00 | 273 851.36 | 0.12 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 5.85000% 20-15.07.25 | 200 000.00 | 198 727.96 | 0.09 |
| USD	ENLINK MIDSTREAM PARTNERS LP 4.40000% 14-01.04.24 | 110 000.00 | 84 424.17 | 0.04 |
| USD	INFOR INC-144A 1.75000% 20-15.07.25 | 90 000.00 | 78 958.24 | 0.03 |
| USD	NXP BV / NXP FDNG LLC / NXP USA-144A 2.70000% 20-01.05.25 | 40 000.00 | 36 135.69 | 0.01 |
| USD	ONCOR ELECTRIC DELIVERY CO 3.70000% 19-15.11.28 | 40 000.00 | 40 116.09 | 0.02 |
| Total USD |  | 1 235 026.89 | 0.53 |
| Total Notes, fester Zins |  | 1 441 726.89 | 0.62 |
| Anleihen, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	PANTHER BF AGGR 2/PANTHER FIN CO-REG-S 4.37500% 19-15.05.26 | 400 000.00 | 400 500.00 | 0.17 |
| Total EUR |  | 400 500.00 | 0.17 |
| Total Anleihen, fester Zins |  | 400 500.00 | 0.17 |
| Anleihen, variabler Zins |  |  |  |
| NZD |  |  |  |
| NZD	NEW ZEALAND 2.500%/CPI LINKED 17-20.09.40 | 14 000 000.00 | 12 878 894.35 | 5.58 |
| NZD	NEW ZEALAND 3.000%/CPI LINKED 13-20.09.30 | 3 000 000.00 | 2 521 038.72 | 1.09 |
| NZD	NEW ZEALAND-REG-S 2.500%/CPI LINKED 14-20.09.35 | 8 000 000.00 | 7 054 214.09 | 3.05 |
| Total NZD |  | 22 454 147.16 | 9.72 |
| Total Anleihen, variabler Zins |  | 22 454 147.16 | 9.72 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  | 32 457 634.33 | 14.05 |
| Neuemittierte Wertpapiere und Geldmarktinstrumente |  |  |  |
| Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	NXP BV / NXP FDNG LLC / NXP USA-144A 3.15000% 20-01.05.27 | 100 000.00 | 92 166.79 | 0.04 |
| Total USD |  | 92 166.79 | 0.04 |
| Total Notes, fester Zins |  | 92 166.79 | 0.04 |
| Total Neuemittierte Wertpapiere und Geldmarktinstrumente |  | 92 166.79 | 0.04 |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
Luxemburg
| USD | UBS (LUX) BOND SICAV - MULTI INCOME (USD) U-X-ACC | 320.00 | 2 803 780.16 | 1.21 |
| --- | --- | --- | --- | --- |
| Total Luxemburg | 2 803 780.16 | 1.21 |
| Total Investment Fonds, open end | 2 803 780.16 | 1.21 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 | 2 803 780.16 | 1.21 |
| Total des Wertpapierbestandes | 217 045 285.42 | 93.94 |

| Derivative Instrumente |  |
| --- | --- |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden Finanzterminkontrakte auf Anleihen |
|  |  |  |  |
| EUR	EURO BTP ITALY GOVERMENT FUTURE 08.12.20 | -60.00 | -124 200.00 | -0.05 |
| EUR	SHORT EURO BTP ITALY GOVERNMENT FUTURE 08.12.20 | 40.00 | 14 400.00 | 0.01 |

UBS (Lux) Bond Fund – EUR Flexible Halbjahresbericht per 30. September 2020
|  | Bezeichnung | Anzahl/ | Bewertung in EUR | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| EUR | EURO-BUND FUTURE 08.12.20 | -42.00 | -15 880.00 | -0.01 |
| EUR | EURO-BOBL FUTURE 08.12.20 | 135.00 | 0.00 | 0.00 |
| EUR | EURO-SCHATZ FUTURE 08.12.20 | 280.00 | -4 200.00 | 0.00 |
| EUR | EURO-BUXL FUTURE 08.12.20 | 8.00 | 19 200.00 | 0.01 |
| EUR | EURO-OAT FUTURE 08.12.20 | 125.00 | 101 250.00 | 0.04 |
| GBP | LONG GILT FUTURE 29.12.20 | 20.00 | 23 592.65 | 0.01 |
| CAD | CAN 10YR BOND FUTURE 18.12.20 | -69.00 | 9 582.68 | 0.00 |
| USD | US 10YR ULTRA NOTE FUTURE 21.12.20 | -85.00 | -54 364.05 | -0.02 |
| USD | US 10YR TREASURY NOTE FUTURE 21.12.20 | -30.00 | -10 626.29 | -0.01 |
| USD | US ULTRA LONG BOND (CBT) FUTURE 21.12.20 | 27.00 | 5 756.19 | 0.00 |
| JPY | JAPAN GOVERNMENT 10Y BOND (OSE) FUTURE 14.12.20 | 36.00 | 64 000.13 | 0.03 |
| Total Finanzterminkontrakte auf Anleihen | 28 511.31 | 0.01 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden | 28 511.31 | 0.01 |

Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Swaps und Forward-Swaps auf Zinssätze
| GBP GBP | LCH/INTEREST RATE SWAP PAYER 1.63200% 18-15.06.48 LCH/INTEREST RATE SWAP REC 6ML 18-15.06.48 | -2 000 000.00 | -627 750.54 | -0.27 |
| --- | --- | --- | --- | --- |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.86375% 18-22.06.48 | -400 000 000.00 | -482 308.16 | -0.21 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 18-22.06.48 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.62336% 18-27.06.48 | -2 500 000.00 | -778 440.67 | -0.34 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 18-27.06.48 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.62540% 18-29.06.48 | -2 750 000.00 | -857 973.32 | -0.37 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 18-29.06.48 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.59000% 18-25.07.48 | -2 000 000.00 | -603 096.98 | -0.26 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 18-25.07.48 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 2.27500% 18-17.10.22 | -27 000 000.00 | -840 058.34 | -0.36 |
| NZD | LCH/INTEREST RATE SWAP REC 3MF 18-17.10.22 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.91000% 18-22.11.48 | -280 000 000.00 | -370 862.02 | -0.16 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 18-22.11.48 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.71375% 18-27.12.48 | -360 000 000.00 | -315 672.65 | -0.14 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 18-27.12.48 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.68000% 19-05.03.49 | -630 000 000.00 | -499 090.37 | -0.22 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 19-05.03.49 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.54275% 19-10.04.49 | -175 000 000.00 | -87 294.83 | -0.04 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 19-10.04.49 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.58300% 24-24.09.29 | -19 000 000.00 | -456 435.62 | -0.20 |
| NZD | LCH/INTEREST RATE SWAP REC 3MF 24-24.09.29 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.20750% 19-27.09.29 | -11 200 000.00 | -436 010.34 | -0.19 |
| NZD | LCH/INTEREST RATE SWAP REC 3MF 19-27.09.29 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.67500% 24-30.10.29 | -18 000 000.00 | -469 231.03 | -0.20 |
| NZD | LCH/INTEREST RATE SWAP REC 3MF 24-30.10.29 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.14124% 19-13.12.49 | -1 700 000.00 | -300 435.61 | -0.13 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 19-13.12.49 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 2.11600% 20-23.01.30 | -24 500 000.00 | -681 476.77 | -0.30 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIB 20-23.01.30 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 1.91900% 20-10.02.30 | -29 000 000.00 | -680 582.67 | -0.29 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIBR 20-10.02.30 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 1.66500% 20-27.02.30 | -22 000 000.00 | -393 789.10 | -0.17 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIBR 20-27.02.30 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 1.29910% 20-03.03.50 | -1 000 000.00 | -42 525.60 | -0.02 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 20-03.03.50 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 1.34000% 20-06.03.30 | -16 000 000.00 | -174 318.14 | -0.08 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIBR 20-06.03.30 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 0.88000% 20-07.05.30 | -10 000 000.00 | 1 731.68 | 0.00 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIB 20-07.05.30 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 0.96460% 20-25.08.50 | -2 600 000.00 | 85 785.24 | 0.04 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 20-25.08.50 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 8.07000% 18-26.06.28 | 135 000 000.00 | 849 097.37 | 0.37 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 18-26.06.28 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 8.13500% 18-12.07.28 | 120 000 000.00 | 780 345.57 | 0.34 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 18-12.07.28 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.77500% 18-16.11.48 | 1 100 000.00 | 398 502.21 | 0.17 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 18-16.11.48 |  |  |  |
| CNY | LCH/INTEREST RATE SWAP REC 2.89500% 18-20.11.21 | 133 000 000.00 | 99 726.36 | 0.04 |
| CNY | LCH/INTEREST RATE SWAP PAYER CNRR007 18-20.11.21 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.59100% 19-15.01.49 | 1 100 000.00 | 337 893.17 | 0.15 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-15.01.49 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.22300% 19-07.06.49 | 1 000 000.00 | 198 693.04 | 0.09 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-07.06.49 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.18689% 19-20.06.49 | 1 000 000.00 | 187 768.38 | 0.08 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-20.06.49 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.77000% 19-28.08.24 | 80 000 000.00 | 68 107.77 | 0.03 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 19-28.08.24 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP REC 1.83100% 24-19.09.29 | 16 500 000.00 | 285 654.94 | 0.12 |
| CAD | LCH/INTEREST RATE SWAP PAYER 3MC 24-19.09.29 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.44500% 20-04.03.25 | 55 000 000.00 | -50 998.25 | -0.02 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-04.03.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.15000% 20-04.06.25 | 65 000 000.00 | -175 410.44 | -0.08 |
| CNY | JPMORGAN/IRS PAYER CNRR007 20-04.06.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.30000% 20-05.06.25 | 135 000 000.00 | -251 980.44 | -0.11 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-05.06.25 |  |  |  |
| CNY | HSBC/INTEREST RATE SWAP REC 2.30500% 20-08.06.25 | 65 000 000.00 | -119 902.93 | -0.05 |
| CNY | HSBC/INTEREST RATE SWAP PAYER CNRR007 20-08.06.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.23500% 20-10.06.25 | 50 000 000.00 | -111 753.61 | -0.05 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-10.06.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.27000% 20-11.06.25 | 50 000 000.00 | -101 844.03 | -0.04 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-11.06.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.19500% 20-12.06.25 | 48 000 000.00 | -117 611.32 | -0.05 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-12.06.25 |  |  |  |
| INR | CITI/INTEREST RATE SWAP REC 4.40000% 20-24.08.25 | 1 140 000 000.00 | -10 827.76 | 0.00 |
| INR | CITI/INTEREST RATE SWAP PAYER 6MFMBCMP 20-24.08.25 |  |  |  |

Total Swaps und Forward-Swaps auf Zinssätze	-6 744 375.81	-2.92
UBS (Lux) Bond Fund – EUR Flexible Halbjahresbericht per 30. September 2020
| Bezeichnung | Anzahl/ | Bewertung in EUR | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |

Credit-Default-Swaps*
| USD | BOA/MEX CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -3 200 000.00 | 11 388.36 | 0.00 |
| --- | --- | --- | --- | --- |
| USD | CITIBANK/BRAZIL CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -1 900 000.00 | 61 221.27 | 0.03 |
| USD | JPMORGAN/BRAZIL CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -1 900 000.00 | 61 221.27 | 0.03 |
| EUR | ICE/ITRAXX EUROPE 27 JUN22 CDI REC 1.00000% 17-20.06.22 | 11 300 000.00 | 148 185.69 | 0.06 |
| EUR | ICE/ITRX EUXOVER 28 CDI REC 5.00000% 17-20.12.22 | 6 439 930.00 | 228 996.76 | 0.10 |
| USD | BOA/TURKEY CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 3 200 000.00 | -381 930.98 | -0.17 |
| USD | CITIBANK/SOAF CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 1 900 000.00 | -100 318.51 | -0.04 |
| USD | JPMORGAN/SOAF CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 1 900 000.00 | -100 318.51 | -0.04 |
| Total Credit-Default-Swaps | -71 554.65 | -0.03 |
| Total Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden | -6 815 930.46 | -2.95 |
| Total Derivative Instrumente | -6 787 419.15 | -2.94 |
| Devisenterminkontrakte |  |  |
| Gekaufte Währung/ Gekaufter Betrag/Verkaufte Währung/Verkaufter Betrag/Fälligkeitsdatum |  |  |

| MYR | 4 004 000.00 | USD | 959 133.81 | 6.10.2020 | 3 677.08 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 1 971 642.86 | PHP | 95 950 000.00 | 6.10.2020 | -6 416.08 | 0.00 |
| IDR | 14 908 000 000.00 | USD | 1 014 770.95 | 6.10.2020 | -11 315.74 | 0.00 |
| KRW | 1 134 000 000.00 | USD | 958 725.76 | 6.10.2020 | 9 824.96 | 0.00 |
| INR | 69 990 000.00 | USD | 951 209.57 | 6.10.2020 | -2 208.00 | 0.00 |
| RUB | 68 572 000.00 | USD | 919 300.46 | 6.10.2020 | -30 494.36 | -0.01 |
| USD | 1 960 516.43 | TWD | 57 400 000.00 | 6.10.2020 | -18 525.32 | -0.01 |
| CNY | 5 260 000.00 | USD | 764 812.80 | 9.10.2020 | 8 570.19 | 0.00 |
| CLP | 668 200 000.00 | USD | 853 875.15 | 6.10.2020 | -4 854.88 | 0.00 |
| BRL | 3 540 000.00 | USD | 643 964.20 | 6.10.2020 | -13 589.13 | -0.01 |
| COP | 3 775 496 000.00 | USD | 999 363.67 | 6.10.2020 | -16 962.99 | -0.01 |
| EUR | 2 879 174.00 | CAD | 4 465 000.00 | 6.10.2020 | 28 687.39 | 0.01 |
| EUR | 529 165.37 | AUD | 855 000.00 | 6.10.2020 | 6 582.20 | 0.00 |
| EUR | 471 458.98 | CHF | 510 000.00 | 6.10.2020 | -1 919.92 | 0.00 |
| USD | 1 030 000.00 | SGD | 1 402 623.10 | 6.10.2020 | 2 142.10 | 0.00 |
| GBP | 300 000.00 | EUR | 337 328.43 | 6.10.2020 | -6 596.64 | 0.00 |
| EUR | 3 824 920.10 | JPY | 481 900 000.00 | 6.10.2020 | -69 183.23 | -0.03 |
| EUR | 23 679 100.78 | NZD | 41 585 000.00 | 6.10.2020 | 238 981.80 | 0.10 |
| EUR | 4 326 150.69 | MXN | 112 500 000.00 | 6.10.2020 | -18 949.43 | -0.01 |
| NOK | 45 340 000.00 | EUR | 4 355 207.20 | 6.10.2020 | -222 976.21 | -0.10 |
| PLN | 2 250 000.00 | EUR | 509 850.40 | 6.10.2020 | -13 597.12 | -0.01 |
| EUR | 1 711 710.64 | SEK | 17 630 000.00 | 6.10.2020 | 31 919.88 | 0.01 |
| EUR | 2 398 257.03 | THB | 89 140 000.00 | 6.10.2020 | -595.04 | 0.00 |
| EUR | 30 525 770.72 | USD | 36 255 000.00 | 6.10.2020 | -390 635.74 | -0.17 |
| EUR | 7 838 592.94 | ZAR | 156 190 000.00 | 6.10.2020 | -145 272.03 | -0.06 |
| TWD | 30 168 700.00 | USD | 1 030 000.00 | 6.10.2020 | 10 098.46 | 0.01 |
| EUR | 206 959.12 | PLN | 915 000.00 | 6.10.2020 | 5 149.45 | 0.00 |
| EUR | 233 482.12 | NZD | 410 000.00 | 6.10.2020 | 2 378.39 | 0.00 |
| HUF | 308 086 400.00 | EUR | 860 000.00 | 6.10.2020 | -11 723.12 | -0.01 |
| USD | 1 000 000.00 | EUR | 844 754.41 | 6.10.2020 | 7 994.35 | 0.00 |
| JPY | 108 842 431.00 | EUR | 865 000.00 | 6.10.2020 | 14 526.19 | 0.01 |
| JPY | 109 342 481.00 | CAD | 1 350 000.00 | 6.10.2020 | 21 718.15 | 0.01 |
| CAD | 1 336 174.50 | NZD | 1 525 000.00 | 6.10.2020 | -6 570.34 | 0.00 |
| USD | 465 000.00 | EUR | 393 861.39 | 6.10.2020 | 2 666.79 | 0.00 |
| JPY | 107 939 406.00 | AUD | 1 405 000.00 | 6.10.2020 | 13 481.62 | 0.01 |
| USD | 870 618.89 | CLP | 668 200 000.00 | 6.10.2020 | 19 132.98 | 0.01 |
| COP | 3 581 567 000.00 | USD | 962 786.83 | 6.10.2020 | -28 674.85 | -0.01 |
| PLN | 3 850 000.00 | SEK | 8 992 483.50 | 6.10.2020 | -7 661.66 | 0.00 |
| GBP | 149 265.45 | MXN | 4 050 000.00 | 6.10.2020 | 8 133.78 | 0.00 |
| RUB | 76 913 437.50 | USD | 1 025 000.00 | 6.10.2020 | -28 977.46 | -0.01 |
| USD | 1 025 000.00 | NZD | 1 518 490.85 | 6.10.2020 | 18 143.74 | 0.01 |
| EUR | 369 902.34 | MXN | 9 220 000.00 | 6.10.2020 | 13 797.25 | 0.01 |
| NOK | 9 444 020.00 | NZD | 1 525 000.00 | 6.10.2020 | 1 123.06 | 0.00 |
| CZK | 23 402 575.00 | EUR | 865 000.00 | 6.10.2020 | -1 087.44 | 0.00 |
| PLN | 2 500 000.00 | EUR | 556 767.33 | 6.10.2020 | -5 374.80 | 0.00 |
| USD | 965 928.45 | KRW | 1 134 000 000.00 | 6.10.2020 | -3 678.90 | 0.00 |
| KRW | 1 134 000 000.00 | USD | 965 936.68 | 5.11.2020 | 6 282.27 | 0.00 |
| USD | 769 681.01 | CNY | 5 260 000.00 | 9.10.2020 | -4 404.26 | 0.00 |
| CNY | 5 260 000.00 | USD | 767 939.27 | 5.11.2020 | 4 504.40 | 0.00 |
| AUD | 1 415 000.00 | JPY | 104 741 696.00 | 6.10.2020 | 18 470.82 | 0.01 |
| USD | 940 730.53 | TWD | 27 300 000.00 | 5.11.2020 | -5 575.50 | 0.00 |
| TWD | 27 231 300.00 | USD | 932 898.25 | 6.10.2020 | 6 399.11 | 0.00 |
| USD | 947 731.89 | INR | 69 990 000.00 | 6.10.2020 | -757.66 | 0.00 |
| INR | 69 990 000.00 | USD | 944 630.02 | 5.11.2020 | 2 860.50 | 0.00 |
| CAD | 1 350 000.00 | JPY | 106 361 100.00 | 6.10.2020 | 2 374.05 | 0.00 |
| USD | 997 190.64 | IDR | 14 908 000 000.00 | 6.10.2020 | -3 676.08 | 0.00 |
| USD | 1 821 641.99 | RUB | 145 485 437.50 | 6.10.2020 | -45 132.78 | -0.02 |
| USD | 1 976 883.14 | PHP | 95 950 000.00 | 5.11.2020 | -214.38 | 0.00 |
| RUB | 145 485 500.00 | USD | 1 815 856.31 | 5.11.2020 | 44 854.63 | 0.02 |
| IDR | 14 908 000 000.00 | USD | 993 866.67 | 5.11.2020 | 3 721.54 | 0.00 |
| MYR | 4 004 000.00 | USD | 960 537.36 | 5.11.2020 | 1 681.91 | 0.00 |
| USD | 960 883.13 | MYR | 4 004 000.00 | 6.10.2020 | -2 185.49 | 0.00 |
| PHP | 95 950 000.00 | USD | 1 979 003.38 | 6.10.2020 | 139.25 | 0.00 |
| USD | 969 645.15 | KRW | 1 134 000 000.00 | 6.10.2020 | -511.37 | 0.00 |
| KRW | 1 134 000 000.00 | USD | 969 645.15 | 6.10.2020 | 513.24 | 0.00 |
| USD | 771 589.09 | CNY | 5 260 000.00 | 9.10.2020 | -2 782.43 | 0.00 |
| USD | 971 639.11 | KRW | 1 134 000 000.00 | 5.11.2020 | -1 414.15 | 0.00 |
| THB | 31 980 000.00 | USD | 1 011 695.55 | 6.10.2020 | -2 106.42 | 0.00 |
| BRL | 3 540 000.00 | USD | 625 331.21 | 5.11.2020 | 1 925.18 | 0.00 |
| USD | 625 773.38 | BRL | 3 540 000.00 | 6.10.2020 | -1 923.51 | 0.00 |

* Nominal positiv: der Subfonds ist «Receiver», Nominal negativ: der Subfonds ist «Payer».
UBS (Lux) Bond Fund – EUR Flexible Halbjahresbericht per 30. September 2020
| Bezeichnung	Anzahl/ | Bewertung in EUR | in % des |
| --- | --- | --- |
| Nominal | NR Kursgewinn | Netto- |
|  | (-verlust) auf Futures/ | vermögens |
|  | Devisentermin- |  |
|  | kontrakten/ |  |
|  | Swaps (Erl. 1) |  |

Devisenterminkontrakte (Fortsetzung)
Gekaufte Währung/ Gekaufter Betrag/Verkaufte Währung/Verkaufter Betrag/Fälligkeitsdatum
| USD | 1 901 049.87 | COP | 7 357 063 000.00 | 6.10.2020 | -6 466.84 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| COP | 7 357 063 000.00 | USD | 1 897 862.25 | 5.11.2020 | 6 332.48 | 0.00 |
| TWD | 57 400 000.00 | USD | 1 982 044.20 | 6.10.2020 | 170.49 | 0.00 |
| USD | 1 041 736.88 | TWD | 30 168 700.00 | 6.10.2020 | -89.46 | 0.00 |
| USD | 940 307.32 | TWD | 27 231 300.00 | 6.10.2020 | -80.76 | 0.00 |
| MXN | 9 090 000.00 | EUR | 348 194.60 | 6.10.2020 | 2 889.49 | 0.00 |
| Total Devisenterminkontrakte | -573 312.35 | -0.25 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 26 817 382.36* | 11.61 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -6 760 479.79 | -2.93 |
| Andere Aktiva und Passiva | 1 310 408.57 | 0.57 |
| Total des Nettovermögens | 231 051 865.06 | 100.00 |

* Zum 30. September 2020 wurden gegenüber JP Morgan Bankguthaben in Höhe von EUR 956 000.00, Bank of America Bankguthaben in Höhe von EUR 410 000.00 und Citibank Bankguthaben in Höhe von EUR 330 000.00 als Sicherheit eingesetzt.
UBS (Lux) Bond Fund – EUR Flexible Halbjahresbericht per 30. September 2020