# UBS (Lux) Bond SICAV
– Emerging Markets Bonds 2021 (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Net assets in USD |  | 76 490 359.55 | 86 144 214.97 | 88 737 434.23 |
| Class K-1-acc | LU1562322385 |  |  |  |
| Shares outstanding |  | 1.2000 | 1.9000 | 1.9000 |
| Net asset value per share in USD |  | 5 341 923.17 | 5 248 473.87 | 5 034 608.71 |
| Issue and redemption price per share in USD 1 |  | 5 341 923.17 | 5 248 473.87 | 5 034 608.71 |
| Class K-1-dist | LU1562322468 |  |  |  |
| Shares outstanding |  | 1.0000 | 1.0000 | 1.0000 |
| Net asset value per share in USD |  | 5 013 782.44 | 5 044 357.77 | 4 955 209.76 |
| Issue and redemption price per share in USD 1 |  | 5 013 782.44 | 5 044 357.77 | 4 955 209.76 |
| Class K-1-qdist | LU1562322542 |  |  |  |
| Shares outstanding |  | 0.2000 | 0.2000 | 0.2000 |
| Net asset value per share in USD |  | 5 055 892.55 | 5 027 651.10 | 4 941 708.00 |
| Issue and redemption price per share in USD 1 |  | 5 055 892.55 | 5 027 651.10 | 4 941 708.00 |
| Class K-X-acc | LU1586331834 |  |  |  |
| Shares outstanding |  | 50 000.0000 | 50 000.0000 | 50 000.0000 |
| Net asset value per share in USD |  | 106.09 | 103.93 | 99.10 |
| Issue and redemption price per share in USD 1 |  | 106.09 | 103.93 | 99.10 |
| Class P-acc | LU1562321817 |  |  |  |
| Shares outstanding |  | 164 450.1730 | 172 869.9830 | 197 612.3580 |
| Net asset value per share in USD |  | 106.16 | 104.43 | 100.43 |
| Issue and redemption price per share in USD 1 |  | 106.16 | 104.43 | 100.43 |
| Class P-dist | LU1562321908 |  |  |  |
| Shares outstanding |  | 80 666.9470 | 81 091.9470 | 83 526.9470 |
| Net asset value per share in USD |  | 100.32 | 100.80 | 99.01 |
| Issue and redemption price per share in USD 1 |  | 100.32 | 100.80 | 99.01 |
| Class P-qdist | LU1562322039 |  |  |  |
| Shares outstanding |  | 25 745.6360 | 25 745.6360 | 30 745.6360 |
| Net asset value per share in USD |  | 101.08 | 100.51 | 98.78 |
| Issue and redemption price per share in USD 1 |  | 101.08 | 100.51 | 98.78 |
| Class Q-acc | LU1562322112 |  |  |  |
| Shares outstanding |  | 164 078.6340 | 175 512.0260 | 191 277.1360 |
| Net asset value per share in USD |  | 106.83 | 104.97 | 100.69 |
| Issue and redemption price per share in USD 1 |  | 106.83 | 104.97 | 100.69 |
| Class Q-dist | LU1562322203 |  |  |  |
| Shares outstanding |  | 130 321.0440 | 175 321.0440 | 180 221.0440 |
| Net asset value per share in USD |  | 100.29 | 100.89 | 99.10 |
| Issue and redemption price per share in USD 1 |  | 100.29 | 100.89 | 99.10 |
| 1  See note 1 |  |  |  |  |

UBS (Lux) Bond SICAV – Emerging Markets Bonds 2021 (USD) Semi-Annual Report as of 30 November 2019
UBS (Lux) Bond SICAV – Emerging Markets Bonds 2021 (USD) Semi-Annual Report as of 30 November 2019

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| Indonesia | 6.48 |
| --- | --- |
| South Korea | 6.11 |
| Mexico | 6.08 |
| Turkey | 5.34 |
| Luxembourg | 5.24 |
| British Virgin Islands | 4.57 |
| India | 3.88 |
| Chile | 3.77 |
| South Africa | 3.41 |
| Hungary | 3.33 |
| Brazil | 2.90 |
| Egypt | 2.77 |
| Croatia | 2.60 |
| Costa Rica | 2.35 |
| Ukraine | 2.33 |
| Oman | 2.32 |
| Colombia | 2.31 |
| United Arab Emirates | 2.00 |
| Poland | 1.91 |
| Dominican Republic | 1.90 |
| Cayman Islands | 1.78 |
| United Kingdom | 1.78 |
| Bermuda | 1.71 |
| Saudi Arabia | 1.63 |
| Mongolia | 1.59 |
| Sri Lanka | 1.54 |
| Malaysia | 1.29 |
| Serbia | 1.27 |
| Senegal | 1.26 |
| The Netherlands | 1.24 |
| Nigeria | 1.23 |
| Curacao | 1.03 |
| Namibian | 1.03 |
| Pakistan | 0.98 |
| Bahrain | 0.97 |
| El Salvador | 0.95 |
| Georgia | 0.95 |
| Honduras | 0.91 |
| Argentina | 0.88 |
| Israel | 0.77 |
| Hong Kong | 0.74 |
| Armenia | 0.71 |
| Vietnam | 0.53 |
| Ecuador | 0.51 |
| Lebanon | 0.47 |
| United Republic of Tanzania | 0.17 |
| Total | 99.52 |

Economic Breakdown as a % of net assets	
| Countries & central governments | 32.86 |
| --- | --- |
| Banks & credit institutions | 17.77 |
| Finance & holding companies | 14.82 |
| Petroleum | 9.54 |
| Energy & water supply | 6.95 |
| Mortgage & funding institutions | 3.46 |
| Miscellaneous services | 2.69 |
| Supranational organisations | 2.45 |
| Electrical devices & components | 2.28 |
| Pharmaceuticals, cosmetics & medical products | 2.27 |
| Mining, coal & steel | 1.26 |
| Real Estate | 1.01 |
| Public, non-profit institutions | 0.92 |
| Food & soft drinks | 0.82 |
| Cantons, federal states | 0.42 |
| Total | 99.52 |


## Statement of Net Assets
Assets	30.11.2019
USD
Investments in securities, cost	79 914 936.14
| Investments in securities, unrealized appreciation (depreciation) | 	-3 794 688.03	 |
| --- | --- |
| Total investments in securities (Note 1) | 76 120 248.11 |
| Cash at banks, deposits on demand and deposit accounts | 1 041 933.62 |
| Receivable on securities sales (Note 1) | 200 997.08 |
| Interest receivable on securities | 890 406.37 |
| Other receivables | 16 811.18 |
| Total Assets | 78 270 396.36 |
|  |  |
| Liabilities |  |
| Payable on redemptions | -1 749 777.00 |
| Provisions for flat fee (Note 2) | -19 343.53 |
| Provisions for taxe d’abonnement (Note 3) | -6 235.62 |
| Provisions for other commissions and fees (Note 2) | 	-4 680.66	 |
| Total provisions | -30 259.81 |
| Total Liabilities | -1 780 036.81 |
|  |  |
| Net assets at the end of the period | 76 490 359.55 |
| Statement of Operations | USD |
| Income | 1.6.2019-30.11.2019 |
| Interest on liquid assets | 12 667.67 |
| Interest on securities | 2 105 006.92 |
| Income on securities lending (Note 13) | 26 215.98 |
| Other income (Note 4) | 16 805.13 |
| Total income | 2 160 695.70 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -262 235.95 |
| Taxe d’abonnement (Note 3) | -19 444.39 |
| Cost on securities lending (Note 13) | -10 486.39 |
| Other commissions and fees (Note 2) | -4 684.02 |
| Total expenses | -296 850.75 |
|  |  |
| Net income (loss) on investments | 1 863 844.95 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | -475 779.14 |
| Realized gain (loss) on foreign exchange | -139.78 |
| Total realized gain (loss) | -475 918.92 |
|  |  |
| Net realized gain (loss) of the period | 1 387 926.03 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 42 787.13 |
| Total changes in unrealized appreciation (depreciation) | 42 787.13 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 1 430 713.16 |

| Statement of Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-30.11.2019 |
| Net assets at the beginning of the period | 86 144 214.97 |
| Redemptions | 	-10 332 130.01	 |
| Total redemptions | -10 332 130.01 |
| Dividend paid | -752 438.57 |
| Net income (loss) on investments | 1 863 844.95 |
| Total realized gain (loss) | -475 918.92 |
| Total changes in unrealized appreciation (depreciation) | 	42 787.13	 |
| Net increase (decrease) in net assets as a result of operations | 1 430 713.16 |
| Net assets at the end of the period | 76 490 359.55 |

UBS (Lux) Bond SICAV – Emerging Markets Bonds 2021 (USD) Semi-Annual Report as of 30 November 2019
| Changes in the Number of Shares outstanding |  |
| --- | --- |
|  |  |  | 1.6.2019-30.11.2019 |
| Class |  |  | K-1-acc |
| Number of shares outstanding at the beginning of the period |  |  | 1.9000 |
| Number of shares issued |  |  | 0.0000 |
| Number of shares redeemed |  |  | -0.7000 |
| Number of shares outstanding at the end of the period |  |  | 1.2000 |
| Class |  |  | K-1-dist |
| Number of shares outstanding at the beginning of the period |  |  | 1.0000 |
| Number of shares issued |  |  | 0.0000 |
| Number of shares redeemed |  |  | 0.0000 |
| Number of shares outstanding at the end of the period |  |  | 1.0000 |
| Class |  |  | K-1-qdist |
| Number of shares outstanding at the beginning of the period |  |  | 0.2000 |
| Number of shares issued |  |  | 0.0000 |
| Number of shares redeemed |  |  | 0.0000 |
| Number of shares outstanding at the end of the period |  |  | 0.2000 |
| Class |  |  | K-X-acc |
| Number of shares outstanding at the beginning of the period |  |  | 50 000.0000 |
| Number of shares issued |  |  | 0.0000 |
| Number of shares redeemed |  |  | 0.0000 |
| Number of shares outstanding at the end of the period |  |  | 50 000.0000 |
| Class |  |  | P-acc |
| Number of shares outstanding at the beginning of the period |  |  | 172 869.9830 |
| Number of shares issued |  |  | 0.0000 |
| Number of shares redeemed |  |  | -8 419.8100 |
| Number of shares outstanding at the end of the period |  |  | 164 450.1730 |
| Class |  |  | P-dist |
| Number of shares outstanding at the beginning of the period |  |  | 81 091.9470 |
| Number of shares issued |  |  | 0.0000 |
| Number of shares redeemed |  |  | -425.0000 |
| Number of shares outstanding at the end of the period |  |  | 80 666.9470 |
| Class |  |  | P-qdist |
| Number of shares outstanding at the beginning of the period |  |  | 25 745.6360 |
| Number of shares issued |  |  | 0.0000 |
| Number of shares redeemed |  |  | 0.0000 |
| Number of shares outstanding at the end of the period |  |  | 25 745.6360 |
| Class |  |  | Q-acc |
| Number of shares outstanding at the beginning of the period |  |  | 175 512.0260 |
| Number of shares issued |  |  | 0.0000 |
| Number of shares redeemed |  |  | -11 433.3920 |
| Number of shares outstanding at the end of the period |  |  | 164 078.6340 |
| Class |  |  | Q-dist |
| Number of shares outstanding at the beginning of the period |  |  | 175 321.0440 |
| Number of shares issued |  |  | 0.0000 |
| Number of shares redeemed |  |  | -45 000.0000 |
| Number of shares outstanding at the end of the period |  |  | 130 321.0440 |
| Annual Distribution 1 |  |  |  |
| UBS (Lux) Bond SICAV – Emerging Markets Bonds 2021 (USD)	Ex-Date | Pay-Date | Currency | Amount per share |
| K-1-dist	1.8.2019 | 6.8.2019 | USD | 119 982.36 |
| P-dist	1.8.2019 | 6.8.2019 | USD | 2.14 |
| Q-dist	1.8.2019 | 6.8.2019 | USD | 2.39 |
| Quarterly Distribution 1 |  |  |  |
| UBS (Lux) Bond SICAV – Emerging Markets Bonds 2021 (USD)	Ex-Date | Pay-Date | Currency | Amount per share |
| K-1-qdist	17.6.2019 | 20.6.2019 | USD | 30 242.13 |
| K-1-qdist	16.9.2019 | 19.9.2019 | USD | 30 242.13 |
| P-qdist	17.6.2019 | 20.6.2019 | USD | 0.54 |
| P-qdist	16.9.2019 | 19.9.2019 | USD | 0.54 |
| 1  See note 5 |  |  |  |

UBS (Lux) Bond SICAV – Emerging Markets Bonds 2021 (USD) Semi-Annual Report as of 30 November 2019

## Statement of Investments in Securities and other Net Assets as of 30 November 2019
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BANCO DO BRASIL SA-REG-S-SUB 5.37500% 10-15.01.21 | 485 000.00 | 498 792.19 | 0.65 |
| USD	BANCO NACIONAL DE COSTA RICA-REG-S 5.87500% 16-25.04.21 | 785 000.00 | 804 379.69 | 1.05 |
| USD	BANCO NACIONAL DE DESENV ECO&SOC-REG-S 5.50000% 10-12.07.20 | 405 000.00 | 412 973.43 | 0.54 |
| USD	BANCOLOMBIA SA 5.95000% 11-03.06.21 | 715 000.00 | 748 247.50 | 0.98 |
| USD	BBVA BANCOMER SA/TEXAS-REG-S-SUB 6.50000% 11-10.03.21 | 270 000.00 | 281 896.88 | 0.37 |
| USD	BUENOS AIRES, PROVINCE OF-REG-S 9.95000% 15-09.06.21 | 845 000.00 | 321 100.00 | 0.42 |
| USD	CENTRAIS ELETRICAS BRASILEIRAS SA-REG-S 5.75000% 11-27.10.21 | 1 250 000.00 | 1 305 078.12 | 1.71 |
| USD	COMISION FEDERAL DE ELECTRICIDAD-REG-S 4.87500% 11-26.05.21 | 1 885 000.00 | 1 939 782.81 | 2.54 |
| USD	DELEK & AVNER TAMAR BOND LTD-144A 4.43500% 14-30.12.20 | 280 000.00 | 283 850.00 | 0.37 |
| USD	EGYPT, REPUBLIC OF-REG-S 5.75000% 10-29.04.20 | 985 000.00 | 997 312.50 | 1.30 |
| USD	EMPRESA NACIONAL DEL PETROLEO-REG-S 4.75000% 11-06.12.21 | 1 200 000.00 | 1 246 500.00 | 1.63 |
| USD	EXPORT-IMPORT BANK OF KOREA 4.37500% 11-15.09.21 | 1 315 000.00 | 1 365 956.25 | 1.79 |
| USD	GAZ CAPITAL SA-REG-S LPN 5.99900% 11-23.01.21 | 1 460 000.00 | 1 519 312.50 | 1.99 |
| USD	HUNGARIAN DEVELOPMENT BANK LTD-REG-S 6.25000% 13-21.10.20 | 1 845 000.00 | 1 908 785.52 | 2.49 |
| USD	HUNGARY, REPUBLIC OF 6.37500% 11-29.03.21 | 600 000.00 | 635 625.00 | 0.83 |
| USD	INDIAN OIL CORP-REG-S 5.62500% 11-02.08.21 | 600 000.00 | 628 875.00 | 0.82 |
| USD	INDONESIA, REPUBLIC OF-REG-S 4.87500% 11-05.05.21 | 500 000.00 | 518 593.75 | 0.68 |
| USD	INSTITUTO COSTARRICENSE DE ELEC-REG-S 6.95000% 11-10.11.21 | 950 000.00 | 991 562.50 | 1.30 |
| USD	ISRAEL ELECTRIC CORP LTD-REG-S 9.37500% 09-28.01.20 | 300 000.00 | 303 000.00 | 0.40 |
| USD	KOREA DEVELOPMENT BANK 4.62500% 11-16.11.21 | 670 000.00 | 703 709.38 | 0.92 |
| USD	KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 4.75000% 11-13.07.21 | 1 200 000.00 | 1 249 500.00 | 1.63 |
| USD	KOREA NATIONAL OIL CORP-REG-S 2.12500% 16-14.04.21 | 910 000.00 | 910 853.12 | 1.19 |
| USD	KOREA NATIONAL OIL CORP-REG-S 2.00000% 16-24.10.21 | 450 000.00 | 447 750.00 | 0.58 |
| USD	NAMIBIA, REPUBLIC OF-REG-S 5.50000% 11-03.11.21 | 760 000.00 | 784 700.00 | 1.03 |
| USD	NIGERIA, FEDERAL REPUBLIC OF-REG-S 6.75000% 11-28.01.21 | 910 000.00 | 941 850.00 | 1.23 |
| USD	OLEODUCTO CENTRAL SA-REG-S 4.00000% 14-07.05.21 | 795 000.00 | 810 403.13 | 1.06 |
| USD	OMAN GOVT INTERNATIONAL BOND-REG-S 3.62500% 16-15.06.21 | 1 775 000.00 | 1 776 664.07 | 2.32 |
| USD	PERUSAHAAN LISTRIK NEGARA PT-REG-S 5.50000% 11-22.11.21 | 2 495 000.00 | 2 645 479.69 | 3.46 |
| USD	PETROAMAZONAS EP-REG-S 4.62500% 17-06.11.20 | 200 000.00 | 190 187.50 | 0.25 |
| USD	POLAND, REPUBLIC OF 5.12500% 11-21.04.21 | 1 400 000.00 | 1 462 125.00 | 1.91 |
| USD	PROSUS NV-REG-S 6.00000% 13-18.07.20 | 930 000.00 | 949 530.00 | 1.24 |
| USD	SB CAPITAL SA FOR SBERBANK-REG-S LPN 5.71700% 11-16.06.21 | 1 390 000.00 | 1 454 287.50 | 1.90 |
| USD	SENEGAL, REPUBLIC OF-REG-S 8.75000% 11-13.05.21 | 890 000.00 | 964 815.63 | 1.26 |
| USD	SERBIA INTERNATIONAL BOND-REG-S 7.25000% 11-28.09.21 | 890 000.00 | 971 880.00 | 1.27 |
| USD	SINOCHEM OVERSEAS CAPITAL-REG-S 4.50000% 10-12.11.20 | 400 000.00 | 407 000.00 | 0.53 |
| USD	SINOPEC GROUP OVERSEA DEVELOPMENT-REG-S 2.00000% 16-29.09.21 | 1 510 000.00 | 1 501 034.38 | 1.96 |
| USD	SRI LANKA, DEMOCRATIC REP OF-REG-S 6.25000% 11-27.07.21 | 1 175 000.00 | 1 177 203.13 | 1.54 |
| USD	TEVA PHARMACEUTICAL FINANCE CO BV 3.65000% 11-10.11.21 | 800 000.00 | 784 990.00 | 1.03 |
| USD	UKRAINE, GOVERNMENT OF-REG-S 7.75000% 15-01.09.21 | 1 700 000.00 | 1 779 900.00 | 2.33 |
| Total USD |  | 38 625 486.17 | 50.50 |
| Total Notes, fixed rate |  | 38 625 486.17 | 50.50 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ABU DHABI NATIONAL ENERGY CO PJSC-REG-S 5.87500% 11-13.12.21 | 1 200 000.00 | 1 279 125.00 | 1.67 |
| USD	AFRICAN EXPORT-IMPORT BANK-REG-S 4.00000% 16-24.05.21 | 1 100 000.00 | 1 120 405.00 | 1.46 |
| USD	ARGENTINA, REPUBLIC OF 6.87500% 17-22.04.21 | 790 000.00 | 354 512.50 | 0.46 |
| USD	CBQ FINANCE LTD-REG-S 3.25000% 16-13.06.21 | 1 305 000.00 | 1 311 932.81 | 1.71 |
| USD	CDBI TREASURE I LTD-REG-S 2.25000% 16-02.08.21 | 740 000.00 | 731 675.00 | 0.96 |
| USD	CHARMING LIGHT INVESTMENTS LTD-REG-S 2.37500% 16-30.08.21 | 500 000.00 | 496 718.75 | 0.65 |
| USD	CHINA CINDA FINANCE 2015 I LTD REG-S 3.12500% 15-23.04.20 | 360 000.00 | 360 584.39 | 0.47 |
| USD	EXPORT-IMPORT BANK OF INDIA-REG-S 2.75000% 15-12.08.20 | 410 000.00 | 410 426.40 | 0.54 |
| USD	EXPORT-IMPORT BANK OF INDIA-REG-S 3.12500% 16-20.07.21 | 1 000 000.00 | 1 008 125.00 | 1.32 |
| USD	EXPORT-IMPORT BANK OF MALAYSIA-REG-S 2.48000% 16-20.10.21 | 300 000.00 | 300 562.50 | 0.39 |
| USD	ICICI BANK LTD HONG KONG-REG-S 5.75000% 10-16.11.20 | 460 000.00 | 472 654.87 | 0.62 |
| USD	ICICI BANK LTD/DUBAI-REG-S 3.12500% 15-12.08.20 | 250 000.00 | 250 577.50 | 0.33 |
| USD	LEBANON, REPUBLIC OF-REG-S 8.25000% 06-12.04.21 | 650 000.00 | 360 343.75 | 0.47 |
| USD	MONGOLIA,GOVERNMENT OF-REG-S 10.87500% 16-06.04.21 | 450 000.00 | 491 625.00 | 0.64 |
| USD	NTPC LTD-REG-S 5.62500% 11-14.07.21 | 425 000.00 | 445 054.69 | 0.58 |
| USD	QNB FINANCE LTD-REG-S 2.12500% 16-07.09.21 | 600 000.00 | 594 750.00 | 0.78 |
| USD	SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 2.37500% 16-26.10.21 | 1 245 000.00 | 1 250 913.75 | 1.64 |
| USD	TURKIYE BANKASI AS-REG-S 5.37500% 16-06.10.21 | 1 010 000.00 | 1 014 418.75 | 1.33 |
| USD	TURKIYE VAKIFLAR BANKASI TAO-REG-S 5.50000% 16-27.10.21 | 1 015 000.00 | 1 013 731.25 | 1.33 |
| Total USD |  | 13 268 136.91 | 17.35 |
| Total Medium term notes, fixed rate |  | 13 268 136.91 | 17.35 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ARMENIA INTERNATIONAL BOND-REG-S 6.00000% 13-30.09.20 | 535 000.00 | 545 532.81 | 0.71 |
| USD	BAHRAIN GVT INTERNATIONAL BOND-REG-S 5.87500% 15-26.01.21 | 720 000.00 | 740 700.00 | 0.97 |
| USD	CHINA EVERGRANDE GROUP-REG-S 6.25000% 17-28.06.21 | 215 000.00 | 204 585.94 | 0.27 |
| USD	COLOMBIA, REPUBLIC OF 4.37500% 11-12.07.21 | 200 000.00 | 206 500.00 | 0.27 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 7.50000% 15-09.03.20 | 560 000.00 | 566 300.00 | 0.74 |
| USD	DOMINICAN REPUBLIC-REG-S 7.50000% 10-06.05.21 | 2 100 000.00 | 1 457 750.00 | 1.91 |
| USD	ECUADOR, REPUBLIC OF-REG-S 10.50000% 15-24.03.20 | 200 000.00 | 196 750.00 | 0.26 |
| USD	EL SALVADOR, REPUBLIC OF-REG-S 7.37500% 09-01.12.19 | 730 000.00 | 728 631.25 | 0.95 |
| USD	ESKOM HOLDINGS SOC LTD-REG-S 5.75000% 11-26.01.21 | 795 000.00 | 792 813.75 | 1.04 |
| USD	EVRAZ PLC-REG-S 8.25000% 15-28.01.21 | 905 000.00 | 963 825.00 | 1.26 |
| USD	EXPORT CREDIT BANK OF TURKEY REG-S 5.00000% 14-23.09.21 | 1 010 000.00 | 1 019 153.13 | 1.33 |
| USD	GEORGIA GOVERNMENT INTERNATIONAL BOND 6.87500% 11-12.04.21 | 690 000.00 | 727 303.12 | 0.95 |
| USD	SEVERSTAL OAO VIA STEEL CAPITAL-REG-S 3.85000% 17-27.08.21 | 1 010 000.00 | 1 031 462.50 | 1.35 |
| USD	SOUTH AFRICA, REPUBLIC OF 5.50000% 10-09.03.20 | 1 800 000.00 | 1 815 750.00 | 2.37 |
| USD	THIRD PAKISTAN INTERNATIONAL SUK-REG-S 5.50000% 16-13.10.21 | 740 000.00 | 751 562.50 | 0.98 |
| USD	TRADE & DEVELOPMENT BANK MONGOLIA-REG-S 9.37500% 15-19.05.20 | 705 000.00 | 722 184.37 | 0.94 |

UBS (Lux) Bond SICAV – Emerging Markets Bonds 2021 (USD) Semi-Annual Report as of 30 November 2019
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | TURKEY, REPUBLIC OF 5.62500% 10-30.03.21 | 1 005 000.00 | 1 034 521.88 | 1.35 |
| USD | UKRAINE RAILWAY VIA SHORTLINE-REG-S LPN 9.87500% 16-15.09.21 | 450 000.00 | 187 200.00 | 0.24 |
| USD | UKRAINE RAILWAY VIA SHORTLINE-144A LPN 9.87500% 16-15.09.21 | 500 000.00 | 208 000.00 | 0.27 |
| USD | VIETNAM, SOCIALIST REPUBLIC-REG-S 6.75000% 10-29.01.20 | 400 000.00 | 402 375.00 | 0.53 |
| USD | WAKALA GLOBAL SUKUK BHD-REG-S 4.64600% 11-06.07.21 | 660 000.00 | 686 193.75 | 0.90 |
| Total USD |  |  | 14 989 095.00 | 19.59 |
| Total Bonds, fixed rate |  | 14 989 095.00 | 19.59 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 66 882 718.08 | 87.44 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BANCO DEL ESTADO DE CHILE-REG-S 4.12500% 10-07.10.20 | 1 620 000.00 | 1 641 262.50 | 2.15 |
| USD	CROATIA, REPUBLIC OF-REG-S 6.37500% 11-24.03.21 | 1 880 000.00 | 1 985 750.00 | 2.60 |
| USD	HONDURAS, REPUBIC OF-REG-S 8.75000% 13-16.12.20 | 660 000.00 | 698 568.75 | 0.91 |
| USD	PERTAMINA PT-REG-S 5.25000% 11-23.05.21 | 1 720 000.00 | 1 789 337.50 | 2.34 |
| USD	PETROLEOS MEXICANOS 6.37500% 17-04.02.21 | 2 335 000.00 | 2 427 670.32 | 3.17 |
| Total USD |  | 8 542 589.07 | 11.17 |
| Total Notes, fixed rate |  | 8 542 589.07 | 11.17 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	TANZANIA, UNITED REP OF-REG-S 6M LIBOR+600BP 13-09.03.20 | 1 145 000.00 | 128 115.96 | 0.17 |
| Total USD |  | 128 115.96 | 0.17 |
| Total Notes, floating rate |  | 128 115.96 | 0.17 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	HUARONG FINANCE II CO LTD-REG-S 3.62500% 16-22.11.21 | 560 000.00 | 566 825.00 | 0.74 |
| Total USD |  | 566 825.00 | 0.74 |
| Total Medium term notes, fixed rate |  | 566 825.00 | 0.74 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 9 237 530.03 | 12.08 |
| Total investments in securities |  | 76 120 248.11 | 99.52 |
|  |  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets |  | 1 041 933.62 | 1.36 |
| Other assets and liabilities |  | -671 822.18 | -0.88 |
| Total net assets |  | 76 490 359.55 | 100.00 |

UBS (Lux) Bond SICAV – Emerging Markets Bonds 2021 (USD) Semi-Annual Report as of 30 November 2019

Translation (ENDE, 2019-11-30):
# UBS (Lux) Bond SICAV
– Emerging Markets Bonds 2021 (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Nettovermögen in USD |  | 76 490 359.55 | 86 144 214.97 | 88 737 434.23 |
| Klasse K-1-acc | LU1562322385 |  |  |  |
| Aktien im Umlauf |  | 1.2000 | 1.9000 | 1.9000 |
| Nettoinventarwert pro Aktie in USD |  | 5 341 923.17 | 5 248 473.87 | 5 034 608.71 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 5 341 923.17 | 5 248 473.87 | 5 034 608.71 |
| Klasse K-1-dist | LU1562322468 |  |  |  |
| Aktien im Umlauf |  | 1.0000 | 1.0000 | 1.0000 |
| Nettoinventarwert pro Aktie in USD |  | 5 013 782.44 | 5 044 357.77 | 4 955 209.76 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 5 013 782.44 | 5 044 357.77 | 4 955 209.76 |
| Klasse K-1-qdist | LU1562322542 |  |  |  |
| Aktien im Umlauf |  | 0.2000 | 0.2000 | 0.2000 |
| Nettoinventarwert pro Aktie in USD |  | 5 055 892.55 | 5 027 651.10 | 4 941 708.00 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 5 055 892.55 | 5 027 651.10 | 4 941 708.00 |
| Klasse K-X-acc | LU1586331834 |  |  |  |
| Aktien im Umlauf |  | 50 000.0000 | 50 000.0000 | 50 000.0000 |
| Nettoinventarwert pro Aktie in USD |  | 106.09 | 103.93 | 99.10 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 106.09 | 103.93 | 99.10 |
| Klasse P-acc | LU1562321817 |  |  |  |
| Aktien im Umlauf |  | 164 450.1730 | 172 869.9830 | 197 612.3580 |
| Nettoinventarwert pro Aktie in USD |  | 106.16 | 104.43 | 100.43 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 106.16 | 104.43 | 100.43 |
| Klasse P-dist | LU1562321908 |  |  |  |
| Aktien im Umlauf |  | 80 666.9470 | 81 091.9470 | 83 526.9470 |
| Nettoinventarwert pro Aktie in USD |  | 100.32 | 100.80 | 99.01 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 100.32 | 100.80 | 99.01 |
| Klasse P-qdist | LU1562322039 |  |  |  |
| Aktien im Umlauf |  | 25 745.6360 | 25 745.6360 | 30 745.6360 |
| Nettoinventarwert pro Aktie in USD |  | 101.08 | 100.51 | 98.78 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 101.08 | 100.51 | 98.78 |
| Klasse Q-acc | LU1562322112 |  |  |  |
| Aktien im Umlauf |  | 164 078.6340 | 175 512.0260 | 191 277.1360 |
| Nettoinventarwert pro Aktie in USD |  | 106.83 | 104.97 | 100.69 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 106.83 | 104.97 | 100.69 |
| Klasse Q-dist | LU1562322203 |  |  |  |
| Aktien im Umlauf |  | 130 321.0440 | 175 321.0440 | 180 221.0440 |
| Nettoinventarwert pro Aktie in USD |  | 100.29 | 100.89 | 99.10 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 100.29 | 100.89 | 99.10 |
| 1  Siehe Erläuterung 1 |  |  |  |  |

UBS (Lux) Bond SICAV – Emerging Markets Bonds 2021 (USD)
Halbjahresbericht per 30. November 2019
UBS (Lux) Bond SICAV – Emerging Markets Bonds 2021 (USD) Halbjahresbericht per 30. November 2019

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Indonesien | 6.48 |
| --- | --- |
| Südkorea | 6.11 |
| Mexiko | 6.08 |
| Türkei | 5.34 |
| Luxemburg | 5.24 |
| Britische Jungferninseln | 4.57 |
| Indien | 3.88 |
| Chile | 3.77 |
| Südafrika | 3.41 |
| Ungarn | 3.33 |
| Brasilien | 2.90 |
| Ägypten | 2.77 |
| Kroatien | 2.60 |
| Costa Rica | 2.35 |
| Ukraine | 2.33 |
| Oman | 2.32 |
| Kolumbien | 2.31 |
| Vereinigte Arabische Emirate | 2.00 |
| Polen | 1.91 |
| Dominikanische Republik | 1.90 |
| Cayman-Inseln | 1.78 |
| Grossbritannien | 1.78 |
| Bermuda | 1.71 |
| Saudiarabia | 1.63 |
| Mongolei | 1.59 |
| Sri Lanka | 1.54 |
| Malaysia | 1.29 |
| Serbien | 1.27 |
| Senegal | 1.26 |
| Niederlande | 1.24 |
| Nigeria | 1.23 |
| Curaçao | 1.03 |
| Namibien | 1.03 |
| Pakistan | 0.98 |
| Bahrain | 0.97 |
| El Salvador | 0.95 |
| Georgien | 0.95 |
| Honduras | 0.91 |
| Argentinien | 0.88 |
| Israel | 0.77 |
| Hongkong | 0.74 |
| Armenien | 0.71 |
| Vietnam | 0.53 |
| Ecuador | 0.51 |
| Libanon | 0.47 |
| Vereinigte Republik Tansania | 0.17 |
| Total | 99.52 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Länder- & Zentralregierungen | 32.86 |
| --- | --- |
| Banken & Kreditinstitute | 17.77 |
| Finanz- & Beteiligungsgesellschaften | 14.82 |
| Erdöl | 9.54 |
| Energie- & Wasserversorgung | 6.95 |
| Pfandbriefinstitute & Refinanzierungsgesellschaften | 3.46 |
| Diverse Dienstleistungen | 2.69 |
| Supranationale Organisationen | 2.45 |
| Elektrische Geräte & Komponenten | 2.28 |
| Pharmazeutik, Kosmetik & medizinische Produkte | 2.27 |
| Bergbau, Kohle & Stahl | 1.26 |
| Immobilien | 1.01 |
| Öffentlich-rechtliche Körperschaften | 0.92 |
| Nahrungsmittel & Softdrinks | 0.82 |
| Kantone, Bundesstaaten | 0.42 |
| Total | 99.52 |


## Nettovermögensaufstellung
Aktiva	30.11.2019
USD
Wertpapierbestand, Einstandswert	79 914 936.14
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	-3 794 688.03	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 76 120 248.11 |
| Bankguthaben, Sicht- und Fristgelder | 1 041 933.62 |
| Forderungen aus Wertpapierverkäufen (Erläuterung 1) | 200 997.08 |
| Zinsforderungen aus Wertpapieren | 890 406.37 |
| Sonstige Forderungen | 16 811.18 |
| Total Aktiva | 78 270 396.36 |
|  |  |
| Passiva |  |
| Verbindlichkeiten aus Rücknahmen | -1 749 777.00 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -19 343.53 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -6 235.62 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-4 680.66	 |
| Total Rückstellungen für Aufwendungen | -30 259.81 |
| Total Passiva | -1 780 036.81 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 76 490 359.55 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 1.6.2019-30.11.2019 |
| Zinsertrag auf liquide Mittel | 12 667.67 |
| Zinsen auf Wertpapiere | 2 105 006.92 |
| Erträge aus Securities Lending (Erläuterung 13) | 26 215.98 |
| Sonstige Erträge (Erläuterung 4) | 16 805.13 |
| Total Erträge | 2 160 695.70 |
|  |  |
| Aufwendungen |  |
| Pauschale Verwaltungskommission (Erläuterung 2) | -262 235.95 |
| Abonnementsabgabe (Erläuterung 3) | -19 444.39 |
| Kosten aus Securities Lending (Erläuterung 13) | -10 486.39 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -4 684.02 |
| Total Aufwendungen | -296 850.75 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | 1 863 844.95 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | -475 779.14 |
| Realisierter Währungsgewinn (-verlust) | -139.78 |
| Total der realisierten Gewinne (Verluste) | -475 918.92 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | 1 387 926.03 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 42 787.13 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 42 787.13 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 1 430 713.16 |

| Veränderungen des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-30.11.2019 |
| Nettovermögen zu Beginn der Berichtsperiode | 86 144 214.97 |
| Rücknahmen | 	-10 332 130.01	 |
| Total Rücknahmen | -10 332 130.01 |
| Ausbezahlte Dividende | -752 438.57 |
| Nettoerträge (-verluste) aus Anlagen | 1 863 844.95 |
| Total der realisierten Gewinne (Verluste) | -475 918.92 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	42 787.13	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 1 430 713.16 |
| Nettovermögen am Ende der Berichtsperiode | 76 490 359.55 |

UBS (Lux) Bond SICAV – Emerging Markets Bonds 2021 (USD)
Halbjahresbericht per 30. November 2019
| Entwicklung der Aktien im Umlauf |  |
| --- | --- |
|  |  |  | 1.6.2019-30.11.2019 |
| Klasse |  |  | K-1-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  |  | 1.9000 |
| Anzahl der ausgegebenen Aktien |  |  | 0.0000 |
| Anzahl der zurückgegebenen Aktien |  |  | -0.7000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  |  | 1.2000 |
| Klasse |  |  | K-1-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  |  | 1.0000 |
| Anzahl der ausgegebenen Aktien |  |  | 0.0000 |
| Anzahl der zurückgegebenen Aktien |  |  | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  |  | 1.0000 |
| Klasse |  |  | K-1-qdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  |  | 0.2000 |
| Anzahl der ausgegebenen Aktien |  |  | 0.0000 |
| Anzahl der zurückgegebenen Aktien |  |  | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  |  | 0.2000 |
| Klasse |  |  | K-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  |  | 50 000.0000 |
| Anzahl der ausgegebenen Aktien |  |  | 0.0000 |
| Anzahl der zurückgegebenen Aktien |  |  | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  |  | 50 000.0000 |
| Klasse |  |  | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  |  | 172 869.9830 |
| Anzahl der ausgegebenen Aktien |  |  | 0.0000 |
| Anzahl der zurückgegebenen Aktien |  |  | -8 419.8100 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  |  | 164 450.1730 |
| Klasse |  |  | P-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  |  | 81 091.9470 |
| Anzahl der ausgegebenen Aktien |  |  | 0.0000 |
| Anzahl der zurückgegebenen Aktien |  |  | -425.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  |  | 80 666.9470 |
| Klasse |  |  | P-qdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  |  | 25 745.6360 |
| Anzahl der ausgegebenen Aktien |  |  | 0.0000 |
| Anzahl der zurückgegebenen Aktien |  |  | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  |  | 25 745.6360 |
| Klasse |  |  | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  |  | 175 512.0260 |
| Anzahl der ausgegebenen Aktien |  |  | 0.0000 |
| Anzahl der zurückgegebenen Aktien |  |  | -11 433.3920 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  |  | 164 078.6340 |
| Klasse |  |  | Q-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode |  |  | 175 321.0440 |
| Anzahl der ausgegebenen Aktien |  |  | 0.0000 |
| Anzahl der zurückgegebenen Aktien |  |  | -45 000.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode |  |  | 130 321.0440 |
| Jährliche Ausschüttung 1 |  |  |  |
| UBS (Lux) Bond SICAV – Emerging Markets Bonds 2021 (USD)	Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| K-1-dist	1.8.2019 | 6.8.2019 | USD | 119 982.36 |
| P-dist	1.8.2019 | 6.8.2019 | USD | 2.14 |
| Q-dist	1.8.2019 | 6.8.2019 | USD | 2.39 |
| Vierteljährliche Ausschüttung 1 |  |  |  |
| UBS (Lux) Bond SICAV – Emerging Markets Bonds 2021 (USD)	Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| K-1-qdist	17.6.2019 | 20.6.2019 | USD | 30 242.13 |
| K-1-qdist	16.9.2019 | 19.9.2019 | USD | 30 242.13 |
| P-qdist	17.6.2019 | 20.6.2019 | USD | 0.54 |
| P-qdist	16.9.2019 | 19.9.2019 | USD | 0.54 |
| 1  Siehe Erläuterung 5 |  |  |  |

UBS (Lux) Bond SICAV – Emerging Markets Bonds 2021 (USD) Halbjahresbericht per 30. November 2019

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	BANCO DO BRASIL SA-REG-S-SUB 5.37500% 10-15.01.21 | 485 000.00 | 498 792.19 | 0.65 |
| USD	BANCO NACIONAL DE COSTA RICA-REG-S 5.87500% 16-25.04.21 | 785 000.00 | 804 379.69 | 1.05 |
| USD	BANCO NACIONAL DE DESENV ECO&SOC-REG-S 5.50000% 10-12.07.20 | 405 000.00 | 412 973.43 | 0.54 |
| USD	BANCOLOMBIA SA 5.95000% 11-03.06.21 | 715 000.00 | 748 247.50 | 0.98 |
| USD	BBVA BANCOMER SA/TEXAS-REG-S-SUB 6.50000% 11-10.03.21 | 270 000.00 | 281 896.88 | 0.37 |
| USD	BUENOS AIRES, PROVINCE OF-REG-S 9.95000% 15-09.06.21 | 845 000.00 | 321 100.00 | 0.42 |
| USD	CENTRAIS ELETRICAS BRASILEIRAS SA-REG-S 5.75000% 11-27.10.21 | 1 250 000.00 | 1 305 078.12 | 1.71 |
| USD	COMISION FEDERAL DE ELECTRICIDAD-REG-S 4.87500% 11-26.05.21 | 1 885 000.00 | 1 939 782.81 | 2.54 |
| USD	DELEK & AVNER TAMAR BOND LTD-144A 4.43500% 14-30.12.20 | 280 000.00 | 283 850.00 | 0.37 |
| USD	EGYPT, REPUBLIC OF-REG-S 5.75000% 10-29.04.20 | 985 000.00 | 997 312.50 | 1.30 |
| USD	EMPRESA NACIONAL DEL PETROLEO-REG-S 4.75000% 11-06.12.21 | 1 200 000.00 | 1 246 500.00 | 1.63 |
| USD	EXPORT-IMPORT BANK OF KOREA 4.37500% 11-15.09.21 | 1 315 000.00 | 1 365 956.25 | 1.79 |
| USD	GAZ CAPITAL SA-REG-S LPN 5.99900% 11-23.01.21 | 1 460 000.00 | 1 519 312.50 | 1.99 |
| USD	HUNGARIAN DEVELOPMENT BANK LTD-REG-S 6.25000% 13-21.10.20 | 1 845 000.00 | 1 908 785.52 | 2.49 |
| USD	HUNGARY, REPUBLIC OF 6.37500% 11-29.03.21 | 600 000.00 | 635 625.00 | 0.83 |
| USD	INDIAN OIL CORP-REG-S 5.62500% 11-02.08.21 | 600 000.00 | 628 875.00 | 0.82 |
| USD	INDONESIA, REPUBLIC OF-REG-S 4.87500% 11-05.05.21 | 500 000.00 | 518 593.75 | 0.68 |
| USD	INSTITUTO COSTARRICENSE DE ELEC-REG-S 6.95000% 11-10.11.21 | 950 000.00 | 991 562.50 | 1.30 |
| USD	ISRAEL ELECTRIC CORP LTD-REG-S 9.37500% 09-28.01.20 | 300 000.00 | 303 000.00 | 0.40 |
| USD	KOREA DEVELOPMENT BANK 4.62500% 11-16.11.21 | 670 000.00 | 703 709.38 | 0.92 |
| USD	KOREA HYDRO&NUCLEAR POWER CO LTD-REG-S 4.75000% 11-13.07.21 | 1 200 000.00 | 1 249 500.00 | 1.63 |
| USD	KOREA NATIONAL OIL CORP-REG-S 2.12500% 16-14.04.21 | 910 000.00 | 910 853.12 | 1.19 |
| USD	KOREA NATIONAL OIL CORP-REG-S 2.00000% 16-24.10.21 | 450 000.00 | 447 750.00 | 0.58 |
| USD	NAMIBIA, REPUBLIC OF-REG-S 5.50000% 11-03.11.21 | 760 000.00 | 784 700.00 | 1.03 |
| USD	NIGERIA, FEDERAL REPUBLIC OF-REG-S 6.75000% 11-28.01.21 | 910 000.00 | 941 850.00 | 1.23 |
| USD	OLEODUCTO CENTRAL SA-REG-S 4.00000% 14-07.05.21 | 795 000.00 | 810 403.13 | 1.06 |
| USD	OMAN GOVT INTERNATIONAL BOND-REG-S 3.62500% 16-15.06.21 | 1 775 000.00 | 1 776 664.07 | 2.32 |
| USD	PERUSAHAAN LISTRIK NEGARA PT-REG-S 5.50000% 11-22.11.21 | 2 495 000.00 | 2 645 479.69 | 3.46 |
| USD	PETROAMAZONAS EP-REG-S 4.62500% 17-06.11.20 | 200 000.00 | 190 187.50 | 0.25 |
| USD	POLAND, REPUBLIC OF 5.12500% 11-21.04.21 | 1 400 000.00 | 1 462 125.00 | 1.91 |
| USD	PROSUS NV-REG-S 6.00000% 13-18.07.20 | 930 000.00 | 949 530.00 | 1.24 |
| USD	SB CAPITAL SA FOR SBERBANK-REG-S LPN 5.71700% 11-16.06.21 | 1 390 000.00 | 1 454 287.50 | 1.90 |
| USD	SENEGAL, REPUBLIC OF-REG-S 8.75000% 11-13.05.21 | 890 000.00 | 964 815.63 | 1.26 |
| USD	SERBIA INTERNATIONAL BOND-REG-S 7.25000% 11-28.09.21 | 890 000.00 | 971 880.00 | 1.27 |
| USD	SINOCHEM OVERSEAS CAPITAL-REG-S 4.50000% 10-12.11.20 | 400 000.00 | 407 000.00 | 0.53 |
| USD	SINOPEC GROUP OVERSEA DEVELOPMENT-REG-S 2.00000% 16-29.09.21 | 1 510 000.00 | 1 501 034.38 | 1.96 |
| USD	SRI LANKA, DEMOCRATIC REP OF-REG-S 6.25000% 11-27.07.21 | 1 175 000.00 | 1 177 203.13 | 1.54 |
| USD	TEVA PHARMACEUTICAL FINANCE CO BV 3.65000% 11-10.11.21 | 800 000.00 | 784 990.00 | 1.03 |
| USD	UKRAINE, GOVERNMENT OF-REG-S 7.75000% 15-01.09.21 | 1 700 000.00 | 1 779 900.00 | 2.33 |
| Total USD |  | 38 625 486.17 | 50.50 |
| Total Notes, fester Zins |  | 38 625 486.17 | 50.50 |
| Medium-Term Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	ABU DHABI NATIONAL ENERGY CO PJSC-REG-S 5.87500% 11-13.12.21 | 1 200 000.00 | 1 279 125.00 | 1.67 |
| USD	AFRICAN EXPORT-IMPORT BANK-REG-S 4.00000% 16-24.05.21 | 1 100 000.00 | 1 120 405.00 | 1.46 |
| USD	ARGENTINA, REPUBLIC OF 6.87500% 17-22.04.21 | 790 000.00 | 354 512.50 | 0.46 |
| USD	CBQ FINANCE LTD-REG-S 3.25000% 16-13.06.21 | 1 305 000.00 | 1 311 932.81 | 1.71 |
| USD	CDBI TREASURE I LTD-REG-S 2.25000% 16-02.08.21 | 740 000.00 | 731 675.00 | 0.96 |
| USD	CHARMING LIGHT INVESTMENTS LTD-REG-S 2.37500% 16-30.08.21 | 500 000.00 | 496 718.75 | 0.65 |
| USD	CHINA CINDA FINANCE 2015 I LTD REG-S 3.12500% 15-23.04.20 | 360 000.00 | 360 584.39 | 0.47 |
| USD	EXPORT-IMPORT BANK OF INDIA-REG-S 2.75000% 15-12.08.20 | 410 000.00 | 410 426.40 | 0.54 |
| USD	EXPORT-IMPORT BANK OF INDIA-REG-S 3.12500% 16-20.07.21 | 1 000 000.00 | 1 008 125.00 | 1.32 |
| USD	EXPORT-IMPORT BANK OF MALAYSIA-REG-S 2.48000% 16-20.10.21 | 300 000.00 | 300 562.50 | 0.39 |
| USD	ICICI BANK LTD HONG KONG-REG-S 5.75000% 10-16.11.20 | 460 000.00 | 472 654.87 | 0.62 |
| USD	ICICI BANK LTD/DUBAI-REG-S 3.12500% 15-12.08.20 | 250 000.00 | 250 577.50 | 0.33 |
| USD	LEBANON, REPUBLIC OF-REG-S 8.25000% 06-12.04.21 | 650 000.00 | 360 343.75 | 0.47 |
| USD	MONGOLIA,GOVERNMENT OF-REG-S 10.87500% 16-06.04.21 | 450 000.00 | 491 625.00 | 0.64 |
| USD	NTPC LTD-REG-S 5.62500% 11-14.07.21 | 425 000.00 | 445 054.69 | 0.58 |
| USD	QNB FINANCE LTD-REG-S 2.12500% 16-07.09.21 | 600 000.00 | 594 750.00 | 0.78 |
| USD	SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 2.37500% 16-26.10.21 | 1 245 000.00 | 1 250 913.75 | 1.64 |
| USD	TURKIYE BANKASI AS-REG-S 5.37500% 16-06.10.21 | 1 010 000.00 | 1 014 418.75 | 1.33 |
| USD	TURKIYE VAKIFLAR BANKASI TAO-REG-S 5.50000% 16-27.10.21 | 1 015 000.00 | 1 013 731.25 | 1.33 |
| Total USD |  | 13 268 136.91 | 17.35 |
| Total Medium-Term Notes, fester Zins |  | 13 268 136.91 | 17.35 |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	ARMENIA INTERNATIONAL BOND-REG-S 6.00000% 13-30.09.20 | 535 000.00 | 545 532.81 | 0.71 |
| USD	BAHRAIN GVT INTERNATIONAL BOND-REG-S 5.87500% 15-26.01.21 | 720 000.00 | 740 700.00 | 0.97 |
| USD	CHINA EVERGRANDE GROUP-REG-S 6.25000% 17-28.06.21 | 215 000.00 | 204 585.94 | 0.27 |
| USD	COLOMBIA, REPUBLIC OF 4.37500% 11-12.07.21 | 200 000.00 | 206 500.00 | 0.27 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 7.50000% 15-09.03.20 | 560 000.00 | 566 300.00 | 0.74 |
| USD	DOMINICAN REPUBLIC-REG-S 7.50000% 10-06.05.21 | 2 100 000.00 | 1 457 750.00 | 1.91 |
| USD	ECUADOR, REPUBLIC OF-REG-S 10.50000% 15-24.03.20 | 200 000.00 | 196 750.00 | 0.26 |
| USD	EL SALVADOR, REPUBLIC OF-REG-S 7.37500% 09-01.12.19 | 730 000.00 | 728 631.25 | 0.95 |
| USD	ESKOM HOLDINGS SOC LTD-REG-S 5.75000% 11-26.01.21 | 795 000.00 | 792 813.75 | 1.04 |
| USD	EVRAZ PLC-REG-S 8.25000% 15-28.01.21 | 905 000.00 | 963 825.00 | 1.26 |
| USD	EXPORT CREDIT BANK OF TURKEY REG-S 5.00000% 14-23.09.21 | 1 010 000.00 | 1 019 153.13 | 1.33 |
| USD	GEORGIA GOVERNMENT INTERNATIONAL BOND 6.87500% 11-12.04.21 | 690 000.00 | 727 303.12 | 0.95 |
| USD	SEVERSTAL OAO VIA STEEL CAPITAL-REG-S 3.85000% 17-27.08.21 | 1 010 000.00 | 1 031 462.50 | 1.35 |
| USD	SOUTH AFRICA, REPUBLIC OF 5.50000% 10-09.03.20 | 1 800 000.00 | 1 815 750.00 | 2.37 |
| USD	THIRD PAKISTAN INTERNATIONAL SUK-REG-S 5.50000% 16-13.10.21 | 740 000.00 | 751 562.50 | 0.98 |
| USD	TRADE & DEVELOPMENT BANK MONGOLIA-REG-S 9.37500% 15-19.05.20 | 705 000.00 | 722 184.37 | 0.94 |

UBS (Lux) Bond SICAV – Emerging Markets Bonds 2021 (USD)
Halbjahresbericht per 30. November 2019
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| USD | TURKEY, REPUBLIC OF 5.62500% 10-30.03.21 | 1 005 000.00 | 1 034 521.88 | 1.35 |
| USD | UKRAINE RAILWAY VIA SHORTLINE-REG-S LPN 9.87500% 16-15.09.21 | 450 000.00 | 187 200.00 | 0.24 |
| USD | UKRAINE RAILWAY VIA SHORTLINE-144A LPN 9.87500% 16-15.09.21 | 500 000.00 | 208 000.00 | 0.27 |
| USD | VIETNAM, SOCIALIST REPUBLIC-REG-S 6.75000% 10-29.01.20 | 400 000.00 | 402 375.00 | 0.53 |
| USD | WAKALA GLOBAL SUKUK BHD-REG-S 4.64600% 11-06.07.21 | 660 000.00 | 686 193.75 | 0.90 |
| Total USD |  |  | 14 989 095.00 | 19.59 |
| Total Anleihen, fester Zins | 14 989 095.00 | 19.59 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 66 882 718.08 | 87.44 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Notes, fester Zins |  |  |
| USD |  |  |
| USD	BANCO DEL ESTADO DE CHILE-REG-S 4.12500% 10-07.10.20	1 620 000.00 | 1 641 262.50 | 2.15 |
| USD	CROATIA, REPUBLIC OF-REG-S 6.37500% 11-24.03.21	1 880 000.00 | 1 985 750.00 | 2.60 |
| USD	HONDURAS, REPUBIC OF-REG-S 8.75000% 13-16.12.20	660 000.00 | 698 568.75 | 0.91 |
| USD	PERTAMINA PT-REG-S 5.25000% 11-23.05.21	1 720 000.00 | 1 789 337.50 | 2.34 |
| USD	PETROLEOS MEXICANOS 6.37500% 17-04.02.21	2 335 000.00 | 2 427 670.32 | 3.17 |
| Total USD | 8 542 589.07 | 11.17 |
| Total Notes, fester Zins | 8 542 589.07 | 11.17 |
| Notes, variabler Zins |  |  |
| USD |  |  |
| USD	TANZANIA, UNITED REP OF-REG-S 6M LIBOR+600BP 13-09.03.20	1 145 000.00 | 128 115.96 | 0.17 |
| Total USD | 128 115.96 | 0.17 |
| Total Notes, variabler Zins | 128 115.96 | 0.17 |
| Medium-Term Notes, fester Zins |  |  |
| USD |  |  |
| USD	HUARONG FINANCE II CO LTD-REG-S 3.62500% 16-22.11.21	560 000.00 | 566 825.00 | 0.74 |
| Total USD | 566 825.00 | 0.74 |
| Total Medium-Term Notes, fester Zins | 566 825.00 | 0.74 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden | 9 237 530.03 | 12.08 |
| Total des Wertpapierbestandes | 76 120 248.11 | 99.52 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 1 041 933.62 | 1.36 |
| Andere Aktiva und Passiva | -671 822.18 | -0.88 |
| Total des Nettovermögens | 76 490 359.55 | 100.00 |

UBS (Lux) Bond SICAV – Emerging Markets Bonds 2021 (USD) Halbjahresbericht per 30. November 2019