# UBS (Lux) Bond SICAV – EUR Corporates (EUR)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| Net assets in EUR |  | 878 168 783.90 | 871 899 696.18 | 884 334 992.85 |
| Class F-acc | LU0981420374 |  |  |  |
| Shares outstanding |  | 76 300.0000 | 115 400.0000 | 133 900.0000 |
| Net asset value per share in EUR |  | 17.08 | 16.20 | 16.20 |
| Issue and redemption price per share in EUR 1 |  | 17.08 | 16.20 | 16.20 |
| Class P-acc | LU0162626096 |  |  |  |
| Shares outstanding |  | 2 401 991.5030 | 2 536 162.9640 | 2 941 894.2290 |
| Net asset value per share in EUR |  | 16.11 | 15.35 | 15.48 |
| Issue and redemption price per share in EUR 1 |  | 16.11 | 15.35 | 15.48 |
| Class (CHF hedged) P-acc | LU0776291147 |  |  |  |
| Shares outstanding |  | 40 321.4710 | 36 075.5430 | 35 400.5030 |
| Net asset value per share in CHF |  | 123.30 | 117.59 | 119.19 |
| Issue and redemption price per share in CHF 1 |  | 123.30 | 117.59 | 119.19 |
| Class Q-acc | LU0396343682 |  |  |  |
| Shares outstanding |  | 158 411.1110 | 161 575.9140 | 344 465.2230 |
| Net asset value per share in EUR |  | 114.64 | 108.88 | 109.21 |
| Issue and redemption price per share in EUR 1 |  | 114.64 | 108.88 | 109.21 |
| Class (CHF hedged) Q-acc | LU1240773892 |  |  |  |
| Shares outstanding |  | 22 657.4340 | 24 232.4870 | 35 735.1030 |
| Net asset value per share in CHF |  | 112.00 | 106.52 | 107.39 |
| Issue and redemption price per share in CHF 1 |  | 112.00 | 106.52 | 107.39 |
| Class U-X-acc | LU0396345034 |  |  |  |
| Shares outstanding |  | 52 676.0000 | 55 615.0000 | 54 375.3590 |
| Net asset value per share in EUR |  | 12 715.84 | 12 038.00 | 11 998.54 |
| Issue and redemption price per share in EUR 1 |  | 12 715.84 | 12 038.00 | 11 998.54 |
| Class (CHF hedged) U-X-acc | LU1383449839 |  |  |  |
| Shares outstanding |  | 13 765.0000 | 13 772.0000 | 14 609.0000 |
| Net asset value per share in CHF |  | 11 269.29 | 10 679.88 | 10 695.44 |
| Issue and redemption price per share in CHF 1 |  | 11 269.29 | 10 679.88 | 10 695.44 |
| 1  See note 1 |  |  |  |  |

UBS (Lux) Bond SICAV – EUR Corporates (EUR) Semi-Annual Report as of 30 November 2020

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| The Netherlands | 20.20 |
| --- | --- |
| France | 19.64 |
| United States | 12.30 |
| Germany | 11.52 |
| United Kingdom | 8.70 |
| Spain | 5.41 |
| Switzerland | 3.29 |
| Ireland | 3.11 |
| Luxembourg | 2.96 |
| Australia | 2.93 |
| Finland | 2.16 |
| Italy | 1.55 |
| Sweden | 1.42 |
| Japan | 0.79 |
| Slovakia | 0.75 |
| Singapore | 0.64 |
| Belgium | 0.60 |
| Denmark | 0.59 |
| Austria | 0.18 |
| Mexico | 0.17 |
| Total | 98.91 |

Economic Breakdown as a % of net assets	
| Banks & credit institutions | 32.28 |
| --- | --- |
| Finance & holding companies | 25.13 |
| Telecommunications | 8.29 |
| Energy & water supply | 5.47 |
| Insurance | 4.42 |
| Petroleum | 3.06 |
| Building industry & materials | 2.72 |
| Tobacco & alcohol | 2.41 |
| Internet, software & IT services | 2.17 |
| Vehicles | 2.17 |
| Food & soft drinks | 1.88 |
| Traffic & transportation | 1.86 |
| Pharmaceuticals, cosmetics & medical products | 1.77 |
| Investment funds | 1.70 |
| Real Estate | 1.33 |
| Miscellaneous services | 0.93 |
| Electrical devices & components | 0.59 |
| Electronics & semiconductors | 0.54 |
| Miscellaneous trading companies | 0.19 |
| Total | 98.91 |

UBS (Lux) Bond SICAV – EUR Corporates (EUR) Semi-Annual Report as of 30 November 2020

## Statement of Net Assets
Assets	30.11.2020
EUR
Investments in securities, cost	836 780 470.15
| Investments in securities, unrealized appreciation (depreciation) | 	31 823 876.22	 |
| --- | --- |
| Total investments in securities (Note 1) | 868 604 346.37 |
| Cash at banks, deposits on demand and deposit accounts | 21 490 069.80 |
| Other liquid assets (Margins) | 394 107.40 |
| Interest receivable on securities | 9 092 870.00 |
| Unrealized gain on financial futures (Note 1) | 44 600.00 |
| Total Assets | 899 625 993.57 |
|  |  |
| Liabilities |  |
| Unrealized loss on forward foreign exchange contracts (Note 1) | -1 848 689.02 |
| Payable on securities purchases (Note 1) | -19 345 159.99 |
| Payable on redemptions | -134 881.77 |
| Provisions for flat fee (Note 2) | -25 695.57 |
| Provisions for taxe d’abonnement (Note 3) | -18 846.71 |
| Provisions for other commissions and fees (Note 2) | 	-83 936.61	 |
| Total provisions | -128 478.89 |
| Total Liabilities | -21 457 209.67 |
|  |  |
| Net assets at the end of the period | 878 168 783.90 |
| Statement of Operations | EUR |
| Income | 1.6.2020-30.11.2020 |
| Interest on securities | 8 661 090.18 |
| Interest received on swaps (Note 1) | 38 263.89 |
| Income on securities lending (Note 12) | 186 610.00 |
| Other income (Note 4) | 51 294.31 |
| Total income | 8 937 258.38 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -124 431.61 |
| Flat fee (Note 2) | -313 618.55 |
| Taxe d’abonnement (Note 3) | -57 067.26 |
| Cost on securities lending (Note 12) | -74 644.00 |
| Other commissions and fees (Note 2) | -39 447.43 |
| Interest on cash and bank overdraft | -33 357.87 |
| Total expenses | -642 566.72 |
|  |  |
| Net income (loss) on investments | 8 294 691.66 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 2 043 615.21 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | -4 636.92 |
| Realized gain (loss) on financial futures | -111 677.20 |
| Realized gain (loss) on forward foreign exchange contracts | -2 332 464.11 |
| Realized gain (loss) on swaps | -758 327.33 |
| Realized gain (loss) on foreign exchange | 272 883.42 |
| Total realized gain (loss) | -890 606.93 |
|  |  |
| Net realized gain (loss) of the period | 7 404 084.73 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 37 610 567.54 |
| Unrealized appreciation (depreciation) on financial futures | 330 180.00 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | 6 419.20 |
| Unrealized appreciation (depreciation) on swaps | 442 406.56 |
| Total changes in unrealized appreciation (depreciation) | 38 389 573.30 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 45 793 658.03 |

UBS (Lux) Bond SICAV – EUR Corporates (EUR) Semi-Annual Report as of 30 November 2020
| Changes in Net Assets |  |
| --- | --- |
|  | EUR |
|  | 1.6.2020-30.11.2020 |
| Net assets at the beginning of the period | 871 899 696.18 |
| Subscriptions | 16 088 248.50 |
| Redemptions | 	-55 612 818.81	 |
| Total net subscriptions (redemptions) | -39 524 570.31 |
| Net income (loss) on investments | 8 294 691.66 |
| Total realized gain (loss) | -890 606.93 |
| Total changes in unrealized appreciation (depreciation) | 	38 389 573.30	 |
| Net increase (decrease) in net assets as a result of operations | 45 793 658.03 |
| Net assets at the end of the period | 878 168 783.90 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2020-30.11.2020 |
| Class | F-acc |
| Number of shares outstanding at the beginning of the period | 115 400.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -39 100.0000 |
| Number of shares outstanding at the end of the period | 76 300.0000 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 2 536 162.9640 |
| Number of shares issued | 41 947.4550 |
| Number of shares redeemed | -176 118.9160 |
| Number of shares outstanding at the end of the period | 2 401 991.5030 |
| Class | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 36 075.5430 |
| Number of shares issued | 5 658.5600 |
| Number of shares redeemed | -1 412.6320 |
| Number of shares outstanding at the end of the period | 40 321.4710 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 161 575.9140 |
| Number of shares issued | 14 594.7890 |
| Number of shares redeemed | -17 759.5920 |
| Number of shares outstanding at the end of the period | 158 411.1110 |
| Class | (CHF hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 24 232.4870 |
| Number of shares issued | 1 250.0000 |
| Number of shares redeemed | -2 825.0530 |
| Number of shares outstanding at the end of the period | 22 657.4340 |
| Class | U-X-acc |
| Number of shares outstanding at the beginning of the period | 55 615.0000 |
| Number of shares issued | 482.0000 |
| Number of shares redeemed | -3 421.0000 |
| Number of shares outstanding at the end of the period | 52 676.0000 |
| Class | (CHF hedged) U-X-acc |
| Number of shares outstanding at the beginning of the period | 13 772.0000 |
| Number of shares issued | 677.0000 |
| Number of shares redeemed | -684.0000 |
| Number of shares outstanding at the end of the period | 13 765.0000 |

UBS (Lux) Bond SICAV – EUR Corporates (EUR) Semi-Annual Report as of 30 November 2020

## Statement of Investments in Securities and other Net Assets as of 30 November 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	ANHEUSER-BUSCH INBEV SA/NV-REG-S 3.70000% 20-02.04.40 | 3 800 000.00 | 5 310 317.60 | 0.60 |
| EUR	AUSNET SERVICES HOLDINGS PTY LTD-REG-S 0.62500% 20-25.08.30 | 5 000 000.00 | 5 194 260.00 | 0.59 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 2.82200% 20-07.04.32 | 3 700 000.00 | 4 655 140.20 | 0.53 |
| EUR	CAP GEMINI SA-REG-S 2.00000% 20-15.04.29 | 5 300 000.00 | 6 024 245.00 | 0.69 |
| EUR	CAPGEMINI SE-REG-S 1.12500% 20-23.06.30 | 3 500 000.00 | 3 720 346.00 | 0.42 |
| EUR	CIE DE SAINT-GOBAIN-REG-S 2.37500% 20-04.10.27 | 3 400 000.00 | 3 889 842.42 | 0.44 |
| EUR	DIGITAL DUTCH FINCO BV-REG-S 1.50000% 20-15.03.30 | 7 400 000.00 | 7 968 172.00 | 0.91 |
| EUR	ENEL FINANCE INTERNATIONAL NV-REG-S 1.37500% 16-01.06.26 | 15 300 000.00 | 16 467 368.58 | 1.88 |
| EUR	EUSTREAM AS-REG-S 1.62500% 20-25.06.27 | 6 200 000.00 | 6 587 376.00 | 0.75 |
| EUR	FORD MOTOR CREDIT CO LLC 1.51400% 19-17.02.23 | 2 800 000.00 | 2 789 500.00 | 0.32 |
| Total EUR |  | 62 606 567.80 | 7.13 |
| Total Notes, fixed rate |  | 62 606 567.80 | 7.13 |
| Notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	AUSTRALIA & NZ BANKING GRP-REG-S-SUB 1.125%/VAR 19-21.11.29 | 4 800 000.00 | 4 863 840.00 | 0.56 |
| EUR	BANCO BILBAO VIZCAYA ARGENT-REG-S-SUB 6.000%/VAR 19-PRP | 3 400 000.00 | 3 624 549.60 | 0.41 |
| EUR	BANCO BILBAO VIZCAYA ARGENT-REG-S-SUB 6.000%/VAR 20-PRP | 2 400 000.00 | 2 622 000.00 | 0.30 |
| EUR	OP CORPORATE BANK PLC-REG-S SUB 1.625%/VAR 20-09.06.30 | 5 700 000.00 | 5 888 635.80 | 0.67 |
| Total EUR |  | 16 999 025.40 | 1.94 |
| Total Notes, floating rate |  | 16 999 025.40 | 1.94 |
| Medium term notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	A.P. MOELLER-MAERSK-REG-S 1.75000% 18-16.03.26 | 1 900 000.00 | 2 028 770.60 | 0.23 |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 2.37500% 19-27.09.27 | 1 300 000.00 | 1 437 085.00 | 0.16 |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 3.00000% 19-27.03.31 | 5 000 000.00 | 5 775 400.00 | 0.66 |
| EUR	ABN AMRO BANK NV-REG-S-SUB 7.12500% 12-06.07.22 | 5 300 000.00 | 5 897 575.00 | 0.67 |
| EUR	AIB GROUP PLC-REG-S 1.25000% 19-28.05.24 | 3 300 000.00 | 3 416 569.20 | 0.39 |
| EUR	ALLIANZ FINANCE II BV-REG-S 1.50000% 19-15.01.30 | 3 100 000.00 | 3 545 308.80 | 0.40 |
| EUR	ANGLO AMERICAN CAPITAL PLC-REG-S 1.62500% 17-18.09.25 | 4 400 000.00 | 4 681 908.00 | 0.53 |
| EUR	APRR SA-REG-S 1.62500% 17-13.01.32 | 2 800 000.00 | 3 235 187.20 | 0.37 |
| EUR	APT PIPELINES LTD-REG-S 2.00000% 20-15.07.30 | 3 400 000.00 | 3 833 204.20 | 0.44 |
| EUR	ASSICURAZIONI GENERALI SPA-REG-S-SUB 4.12500% 14-04.05.26 | 3 700 000.00 | 4 329 370.00 | 0.49 |
| EUR	BANCO BILBAO VIZCAYA ARGENTARIA-REG-S 0.37500% 19-02.10.24 | 8 500 000.00 | 8 579 050.00 | 0.98 |
| EUR	BANK OF AMERICA CORP-REG-S 1.37500% 15-26.03.25 | 7 900 000.00 | 8 383 826.02 | 0.96 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S 1.62500% 16-19.01.26 | 6 400 000.00 | 6 966 796.80 | 0.79 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S-SUB 2.37500% 16-24.03.26 | 7 500 000.00 | 8 258 910.00 | 0.94 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S-SUB 2.50000% 18-25.05.28 | 800 000.00 | 912 878.40 | 0.10 |
| EUR	BANQUE FEDERATIVE DU CREDIT MUTUEL 2.62500% 14-18.03.24 | 1 000 000.00 | 1 093 556.00 | 0.13 |
| EUR	BARCLAYS BANK PLC-SUB 6.62500% 11-30.03.22 | 3 500 000.00 | 3 801 056.00 | 0.43 |
| EUR	BMW FINANCE NV-REG-S 2.62500% 14-17.01.24 | 2 000 000.00 | 2 175 258.80 | 0.25 |
| EUR	BMW FINANCE NV-REG-S 0.75000% 16-15.04.24 | 600 000.00 | 618 534.00 | 0.07 |
| EUR	BNP PARIBAS SA-REG-S-SUB 1.62500% 19-02.07.31 | 2 800 000.00 | 2 969 724.80 | 0.34 |
| EUR	BNP PARIBAS SA-REG-S 1.50000% 17-17.11.25 | 4 900 000.00 | 5 228 447.00 | 0.60 |
| EUR	BNP PARIBAS SA-REG-S 1.50000% 17-23.05.28 | 1 100 000.00 | 1 200 201.20 | 0.14 |
| EUR	BNP PARIBAS SA-REG-S 1.12500% 18-11.06.26 | 6 200 000.00 | 6 503 167.60 | 0.74 |
| EUR	BNP PARIBAS-REG-S 1.12500% 18-22.11.23 | 2 500 000.00 | 2 590 345.00 | 0.30 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 1.57300% 15-16.02.27 | 1 000 000.00 | 1 088 580.00 | 0.12 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 1.63700% 17-26.06.29 | 2 800 000.00 | 3 104 460.80 | 0.35 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 1.59400% 18-03.07.28 | 4 000 000.00 | 4 399 992.00 | 0.50 |
| EUR	CIE DE SAINT-GOBAIN SA-REG-S 1.87500% 19-15.03.31 | 5 500 000.00 | 6 339 080.00 | 0.72 |
| EUR	CIE DE SAINT-GOBAIN-REG-S 1.12500% 18-23.03.26 | 2 900 000.00 | 3 071 337.80 | 0.35 |
| EUR	CITIGROUP INC-REG-S 1.50000% 16-26.10.28 | 2 500 000.00 | 2 719 010.00 | 0.31 |
| EUR	COCA-COLA HBC FINANCE BV-REG-S 1.87500% 16-11.11.24 | 1 600 000.00 | 1 730 714.40 | 0.20 |
| EUR	CREDIT AGRICOLE SA LONDON-REG-S 1.87500% 16-20.12.26 | 8 900 000.00 | 9 792 136.00 | 1.12 |
| EUR	CREDIT SUISSE GROUP AG-REG-S 0.65000% 19-10.09.29 | 6 600 000.00 | 6 739 656.00 | 0.77 |
| EUR	DAIMLER AG-REG-S 1.12500% 19-06.11.31 | 4 100 000.00 | 4 342 867.60 | 0.50 |
| EUR	DAIMLER AG-REG-S 2.00000% 19-27.02.31 | 4 000 000.00 | 4 598 856.00 | 0.52 |
| EUR	DAIMLER AG-REG-S 2.37500% 20-22.05.30 | 1 800 000.00 | 2 116 591.20 | 0.24 |
| EUR	DAIMLER AG-REG-S 2.62500% 20-07.04.25 | 2 800 000.00 | 3 109 797.60 | 0.35 |
| EUR	DEUTSCHE BAHN FINANCE GMBH-REG-S 0.75000% 20-16.07.35 | 2 400 000.00 | 2 581 382.39 | 0.29 |
| EUR	DEUTSCHE BANK AG-REG-S 1.62500% 19-12.02.21 | 5 500 000.00 | 5 518 700.00 | 0.63 |
| EUR	DEUTSCHE BANK-REG-S 2.37500% 13-11.01.23 | 5 100 000.00 | 5 344 759.20 | 0.61 |
| EUR	DEUTSCHE TELEKOM AG-REG-S 2.25000% 19-29.03.39 | 3 100 000.00 | 3 930 924.00 | 0.45 |
| EUR	DEUTSCHE TELEKOM INTL FINANCE BV-REG-S 1.50000% 16-03.04.28 | 6 200 000.00 | 6 868 112.00 | 0.78 |
| EUR	DEUTSCHE TELEKOM INTL FIN BV-REG-S 2.00000% 18-01.12.29 | 4 800 000.00 | 5 627 136.00 | 0.64 |
| EUR	DIAGEO FINANCE PLC-REG-S 1.75000% 14-23.09.24 | 3 300 000.00 | 3 536 049.00 | 0.40 |
| EUR	ENAGAS FINANCIACIONES SAU-REG-S 1.25000% 15-06.02.25 | 8 400 000.00 | 8 894 642.40 | 1.01 |
| EUR	ENGIE SA-REG-S 1.75000% 20-27.03.28 | 3 200 000.00 | 3 592 757.76 | 0.41 |
| EUR	ENGIE SA-REG-S 2.37500% 14-19.05.26 | 1 800 000.00 | 2 046 484.80 | 0.23 |
| EUR	ESB FINANCE DAC-REG-S 1.12500% 19-11.06.30 | 5 100 000.00 | 5 547 412.80 | 0.63 |
| EUR	EUROGRID GMBH-REG-S 1.50000% 16-18.04.28 | 7 400 000.00 | 8 193 280.00 | 0.93 |
| EUR	FORD MOTOR CREDIT CO LLC 3.02100% 19-06.03.24 | 3 100 000.00 | 3 196 441.00 | 0.36 |
| EUR	FRESENIUS MED CARE AG & CO KGAA-REG-S 1.00000% 20-29.05.26 | 2 600 000.00 | 2 716 485.20 | 0.31 |
| EUR	GE CAPITAL EUROPEAN FUNDING 4.62500% 07-22.02.27 | 2 800 000.00 | 3 449 656.00 | 0.39 |
| EUR	GECINA SA-REG-S 1.62500% 19-29.05.34 | 6 000 000.00 | 6 772 932.00 | 0.77 |
| EUR	GENERAL MOTORS FINANCIAL CO INC-REG-S 0.95500% 16-07.09.23 | 4 400 000.00 | 4 487 243.20 | 0.51 |
| EUR	GENERAL MOTORS FINANCIAL CO INC-REG-S 1.69400% 18-26.03.25 | 3 500 000.00 | 3 674 580.00 | 0.42 |
| EUR	GLENCORE FINANCE EUROPE SA-REG-S 1.75000% 15-17.03.25 | 10 900 000.00 | 11 506 040.00 | 1.31 |
| EUR	GOLDMAN SACHS GROUP INC 2.87500% 14-03.06.26 | 3 700 000.00 | 4 236 611.00 | 0.48 |
| EUR	GOLDMAN SACHS GROUP INC/THE-REG-S 2.12500% 14-30.09.24 | 3 200 000.00 | 3 447 680.00 | 0.39 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 1.62500% 16-27.07.26 | 5 100 000.00 | 5 505 470.40 | 0.63 |
| EUR	HEIDELBERGCEMENT AG-REG-S 1.50000% 16-07.02.25 | 3 400 000.00 | 3 593 315.16 | 0.41 |

UBS (Lux) Bond SICAV – EUR Corporates (EUR) Semi-Annual Report as of 30 November 2020
|  | Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| EUR | HEINEKEN NV-REG-S 1.75000% 20-07.05.40 | 6 300 000.00 | 7 042 652.19 | 0.80 |
| EUR | INNOGY FINANCE II BV-REG-S 5.75000% 03-14.02.33 | 2 800 000.00 | 4 538 128.00 | 0.52 |
| EUR | JPMORGAN CHASE & CO-REG-S 1.50000% 16-29.10.26 | 4 000 000.00 | 4 357 848.00 | 0.50 |
| EUR | KONINKLIJKE KPN NV-REG-S 1.12500% 16-11.09.28 | 900 000.00 | 922 104.00 | 0.11 |
| EUR | LANDESBANK BADEN-WUERTTEMBERG-REG-S-SUB 3.62500% 15-16.06.25 | 4 400 000.00 | 4 827 935.20 | 0.55 |
| EUR | LOGICOR FINANCING SARL-REG-S 3.25000% 18-13.11.28 | 4 900 000.00 | 5 752 992.00 | 0.66 |
| EUR | LOGICOR FINANCING SARL-REG-S 1.62500% 19-15.07.27 | 6 400 000.00 | 6 771 584.00 | 0.77 |
| EUR | MORGAN STANLEY 1.75000% 15-30.01.25 | 9 000 000.00 | 9 637 837.20 | 1.10 |
| EUR | MORGAN STANLEY 1.87500% 17-27.04.27 | 3 900 000.00 | 4 336 121.40 | 0.49 |
| EUR | NATWEST MARKETS PLC-REG-S 1.00000% 19-28.05.24 | 5 100 000.00 | 5 260 768.82 | 0.60 |
| EUR | ORANGE SA 1.12500% 19-15.07.24 | 2 700 000.00 | 2 820 436.20 | 0.32 |
| EUR | ORANGE SA-REG-S 1.00000% 18-12.09.25 | 5 600 000.00 | 5 902 596.56 | 0.67 |
| EUR | ORANGE SA-REG-S 1.37500% 18-20.03.28 | 5 700 000.00 | 6 269 943.00 | 0.71 |
| EUR | ORIGIN ENERGY FINANCE LTD-REG-S 1.00000% 19-17.09.29 | 5 800 000.00 | 5 768 958.40 | 0.66 |
| EUR | PETROLEOS MEXICANOS-REG-S 2.50000% 17-21.08.21 | 1 500 000.00 | 1 493 437.50 | 0.17 |
| EUR | RAIFFEISEN BANK INTL AG-SUB 6.62500% 11-18.05.21 | 1 500 000.00 | 1 544 550.00 | 0.18 |
| EUR | REPSOL INTERNATIONAL FINANCE BV-REG-S 2.25000% 14-10.12.26 | 1 500 000.00 | 1 702 269.00 | 0.19 |
| EUR | REPSOL INTERNATIONAL FINANCE BV-REG-S 2.62500% 20-15.04.30 | 2 400 000.00 | 2 845 449.60 | 0.32 |
| EUR | SANOFI-REG-S 0.87500% 19-21.03.29 | 2 800 000.00 | 3 034 477.60 | 0.35 |
| EUR | SANOFI-REG-S 1.37500% 18-21.03.30 | 4 900 000.00 | 5 568 350.20 | 0.63 |
| EUR | SANTANDER CONSUMER FINANCE SA-REG-S 0.87500% 18-30.05.23 | 3 700 000.00 | 3 800 418.00 | 0.43 |
| EUR | SCHAEFFLER AG-REG-S 1.87500% 19-26.03.24 | 3 200 000.00 | 3 280 000.00 | 0.37 |
| EUR | SCHAEFFLER AG-REG-S 2.87500% 19-26.03.27 | 1 500 000.00 | 1 575 000.00 | 0.18 |
| EUR | SHELL INTERNATIONAL FINANCE BV 2.50000% 14-24.03.26 | 2 200 000.00 | 2 518 454.40 | 0.29 |
| EUR | SHELL INTERNATIONAL FINANCE BV-REG-S 1.62500% 14-20.01.27 | 1 800 000.00 | 1 989 720.00 | 0.23 |
| EUR | SKY PLC-REG-S 2.50000% 14-15.09.26 | 4 200 000.00 | 4 818 055.20 | 0.55 |
| EUR | SOCIETE GENERALE-REG-S 1.12500% 18-23.01.25 | 500 000.00 | 519 952.00 | 0.06 |
| EUR | SOCIETE GENERALE-REG-S 1.25000% 19-15.02.24 | 4 300 000.00 | 4 463 864.40 | 0.51 |
| EUR | SUMITOMO MITSUI FIN GP INC-REG-S 0.81900% 18-23.07.23 | 6 800 000.00 | 6 973 685.60 | 0.79 |
| EUR | TELEFONICA EMISIONES SAU 3.98700% 13-23.01.23 | 900 000.00 | 982 049.22 | 0.11 |
| EUR | TELEFONICA EMISIONES SA-REG-S 1.46000% 16-13.04.26 | 4 100 000.00 | 4 425 548.20 | 0.50 |
| EUR | TELEFONICA EMISIONES SA-REG-S 0.66400% 20-03.02.30 | 3 700 000.00 | 3 793 647.00 | 0.43 |
| EUR | UNICREDITO ITALIANO SPA 1.00000% 18-18.01.23 | 9 100 000.00 | 9 286 914.00 | 1.06 |
| EUR | UNION FENOSA FINANCE BV-REG-S 1.25000% 20-15.01.26 | 4 200 000.00 | 4 459 266.00 | 0.51 |
| EUR | VEOLIA ENVIRONNEMENT-REG-S 0.89200% 19-14.01.24 | 6 300 000.00 | 6 494 166.00 | 0.74 |
| EUR | VEOLIA ENVIRONNEMENT SA-REG-S 1.25000% 20-15.04.28 | 2 300 000.00 | 2 491 820.00 | 0.28 |
| EUR | VERIZON COMMUNICATIONS INC 3.25000% 14-17.02.26 | 2 800 000.00 | 3 287 256.00 | 0.38 |
| EUR | VINCI SA-REG-S 1.62500% 19-18.01.29 | 6 200 000.00 | 7 012 200.00 | 0.80 |
| EUR | VODAFONE GROUP PLC-REG-S 1.60000% 16-29.07.31 | 2 300 000.00 | 2 566 786.20 | 0.29 |
| EUR | VODAFONE GROUP PLC-REG-S 1.50000% 17-24.07.27 | 4 600 000.00 | 5 010 283.20 | 0.57 |
| EUR | VOLKSWAGEN FINANCIAL SERVICES AG 1.37500% 18-16.10.23 | 2 000 000.00 | 2 072 616.00 | 0.24 |
| EUR | VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 1.62500% 15-16.01.30 | 350 000.00 | 384 153.00 | 0.04 |
| EUR | VOLKSWAGEN LEASING GMBH-REG-S 1.12500% 17-04.04.24 | 3 900 000.00 | 4 023 437.33 | 0.46 |
| EUR | WELLS FARGO & CO-REG-S 2.62500% 12-16.08.22 | 1 300 000.00 | 1 363 367.20 | 0.16 |
| Total EUR |  |  | 442 874 401.15 | 50.43 |
| Total Medium term notes, fixed rate |  | 442 874 401.15 | 50.43 |
| Medium term notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	ALLIANZ FINANCE II-SUB 5.750%/3M EURIBOR+334.9BP 11-08.07.41 | 2 000 000.00 | 2 066 520.00 | 0.23 |
| EUR	ALLIANZ SE-REG-S-SUB 4.750%/3M EURIBOR+360BP 13-PRP | 8 100 000.00 | 9 024 398.73 | 1.03 |
| EUR	AVIVA PLC-REG-S-SUB 3.375%/VAR 15-04.12.45 | 2 700 000.00 | 2 971 090.80 | 0.34 |
| EUR	AVIVA PLC-SUB 6.125%/VAR 13-05.07.43 | 5 000 000.00 | 5 706 235.00 | 0.65 |
| EUR	AXA SA-REG-S-SUB 3.375%/VAR 16-06.07.47 | 2 900 000.00 | 3 325 414.92 | 0.38 |
| EUR	AXA SA-REG-S-SUB 3.941%/VAR 14-PRP | 4 400 000.00 | 4 877 928.00 | 0.56 |
| EUR	BANKIA SA-REG-S-SUB 3.750%/VAR 19-15.02.29 | 3 300 000.00 | 3 536 748.60 | 0.40 |
| EUR	BARCLAYS PLC-REG-S 1.375%/VAR 18-24.01.26 | 1 300 000.00 | 1 352 876.20 | 0.15 |
| EUR	BNP PARIBAS SA-REG-S 1.125%/VAR 20-17.04.29 | 2 800 000.00 | 2 938 622.40 | 0.33 |
| EUR	BNP PARIBAS-REG-S 2.125%/VAR 19-23.01.27 | 400 000.00 | 438 388.08 | 0.05 |
| EUR	CITIGROUP INC-SUB 4.250%/FLR 05-25.02.30 | 2 600 000.00 | 2 981 518.80 | 0.34 |
| EUR	COMMONWEALTH BK OF AUSTRLIA-REG-S-SUB 1.936%/VAR 17-03.10.29 | 5 800 000.00 | 6 039 598.00 | 0.69 |
| EUR	CREDIT SUISSE GROUP AG-REG-S 3.250%/VAR 20-02.04.26 | 2 700 000.00 | 3 052 755.00 | 0.35 |
| EUR	DANONE SA-REG-S-SUB 1.750%/VAR 17-PRP | 6 300 000.00 | 6 441 750.00 | 0.73 |
| EUR	DANSKE BANK AS-REG-S-SUB 2.500%/VAR 19-21.06.29 | 3 000 000.00 | 3 172 134.00 | 0.36 |
| EUR	DBS GROUP HOLDINGS LTD-REG-S-SUB 1.500%/VAR 18-11.04.28 | 5 500 000.00 | 5 612 574.00 | 0.64 |
| EUR	ENBW ENERGIE BADEN-WUERTT-REG-S-SUB 3.625%/VAR 14-02.04.76 | 3 200 000.00 | 3 232 000.00 | 0.37 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 4 900 000.00 | 5 157 250.00 | 0.59 |
| EUR	ING BANK NV-SUB 3.625%/VAR 14-25.02.26 | 8 200 000.00 | 8 265 304.80 | 0.94 |
| EUR	ING GROEP NV-SUB 3.000%/VAR 17-11.04.28 | 4 700 000.00 | 4 979 650.00 | 0.57 |
| EUR	JPMORGAN CHASE & CO-REG-S 1.047%/VAR 19-04.11.32 | 2 600 000.00 | 2 759 525.60 | 0.31 |
| EUR	JPMORGAN CHASE & CO-REG-S 0.389%/3M EURIBOR+65BP 20-24.02.28 | 3 700 000.00 | 3 739 227.40 | 0.43 |
| EUR	LA BANQUE POSTALE-REG-S-SUB-2.750%/VAR 14-23.04.26 | 6 400 000.00 | 6 462 848.00 | 0.74 |
| EUR	NORDEA BANK ABP-REG-S-SUB 1.000%/VAR 16-07.09.26 | 11 600 000.00 | 11 662 640.00 | 1.33 |
| EUR	NORDEA BANK ABP-REG-S-SUB 3.500%/VAR 17-PRP | 1 400 000.00 | 1 442 000.00 | 0.16 |
| EUR	SVENSKA HANDELSBANKEN AB-REG-S-SUB 1.625%/VAR 18-05.03.29 | 8 000 000.00 | 8 348 320.00 | 0.95 |
| EUR	TOTAL SE-REG-S-SUB 2.625%/VAR 15-PRP | 5 000 000.00 | 5 268 240.00 | 0.60 |
| EUR	TOTAL SE-REG-S-SUB 3.369%/VAR 16-PRP | 2 300 000.00 | 2 549 789.20 | 0.29 |
| EUR	UBS AG-REG-S-SUB 4.750%/VAR 14-12.02.26 | 9 800 000.00 | 9 871 755.60 | 1.12 |
| EUR	UBS GROUP AG-REG-S-SUB 0.250%/VAR 20-05.11.28 | 3 420 000.00 | 3 426 840.00 | 0.39 |
| Total EUR |  | 140 703 943.13 | 16.02 |
| Total Medium term notes, floating rate |  | 140 703 943.13 | 16.02 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ABN AMRO BANK NV-REG-S 0.60000% 20-15.01.27 | 5 000 000.00 | 5 146 280.00 | 0.58 |
| EUR	ARGENTUM NETHERLANDS BV FOR GIV-REG-S 2.00000% 18-17.09.30 | 6 900 000.00 | 8 094 707.40 | 0.92 |
| EUR	AT&T INC 1.80000% 18-05.09.26 | 1 500 000.00 | 1 634 868.00 | 0.19 |
| EUR	AT&T INC 2.60000% 14-17.12.29 | 6 600 000.00 | 7 814 307.60 | 0.89 |
| EUR	AT&T INC 3.50000% 13-17.12.25 | 7 000 000.00 | 8 170 540.00 | 0.93 |
| EUR	BAYER CAPITAL CORP BV-REG-S 1.50000% 18-26.06.26 | 3 400 000.00 | 3 649 090.80 | 0.41 |
| EUR	BAYER CAPITAL CORP BV-REG-S 2.12500% 18-15.12.29 | 2 600 000.00 | 2 975 180.00 | 0.34 |
| EUR	COCA-COLA EUROPEAN PARTNERS PLC-REG-S 0.75000% 16-24.02.22 | 500 000.00 | 505 444.70 | 0.06 |

UBS (Lux) Bond SICAV – EUR Corporates (EUR) Semi-Annual Report as of 30 November 2020
|  | Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| EUR | COCA-COLA EUROPEAN PARTNERS PLC-REG-S 1.75000% 16-26.05.28 | 7 100 000.00 | 7 880 704.64 | 0.90 |
| EUR | CREDIT AGRICOLE SA-REG-S-SUB 2.62500% 15-17.03.27 | 2 900 000.00 | 3 247 304.00 | 0.37 |
| EUR | GIE PSA TRESORERIE 6.00000% 03-19.09.33 | 1 100 000.00 | 1 639 523.60 | 0.19 |
| EUR | LANDESBANK BADEN-WUERTTEMBERG-REG-S-SUB 2.87500% 16-28.09.26 | 2 900 000.00 | 3 100 587.20 | 0.35 |
| EUR | MOLSON COORS BREWING CO 1.25000% 16-15.07.24 | 8 600 000.00 | 8 842 485.60 | 1.01 |
| EUR | MONDELEZ INTL 1.62500% 16-20.01.23 | 1 600 000.00 | 1 657 969.76 | 0.19 |
| EUR | NOVARTIS FINANCE SA-REG-S 1.37500% 18-14.08.30 | 1 700 000.00 | 1 928 745.20 | 0.22 |
| EUR | SAP SE-REG-S 0.37500% 20-18.05.29 | 7 700 000.00 | 7 952 898.80 | 0.90 |
| EUR | SAP SE-REG-S 1.62500% 18-10.03.31 | 1 200 000.00 | 1 390 099.20 | 0.16 |
| EUR | SVENSKA HANDELSBANKEN AB-REG-S 0.50000% 20-18.02.30 | 4 000 000.00 | 4 106 440.00 | 0.47 |
| EUR | THERMO FISHER SCIENTIFIC INC 0.75000% 16-12.09.24 | 4 600 000.00 | 4 745 962.14 | 0.54 |
| EUR | VERIZON COMMUNICATIONS INC 1.87500% 17-26.10.29 | 3 700 000.00 | 4 212 080.00 | 0.48 |
| EUR | VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 3.25000% 18-18.11.30 | 4 200 000.00 | 5 251 992.90 | 0.60 |
| EUR | VONOVIA FINANCE BV-REG-S 1.50000% 18-14.01.28 | 1 100 000.00 | 1 208 092.60 | 0.14 |
| EUR | WINTERSHALL DEA FINANCE-REG-S 1.82300% 19-25.09.31 | 6 400 000.00 | 6 627 584.00 | 0.75 |
| Total EUR |  |  | 101 782 888.14 | 11.59 |
| Total Bonds, fixed rate |  | 101 782 888.14 | 11.59 |
| Bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	ALLIANDER NV-REG-S-SUB 1.625%/VAR 18-PRP | 8 900 000.00 | 9 350 785.00 | 1.06 |
| EUR	ALLIANZ SE-REG-S-SUB 1.301%/3M EURIBOR+235BP 19-25.09.49 | 2 900 000.00 | 2 962 286.20 | 0.34 |
| EUR	BNP PARIBAS SA-REG-S-SUB 6.125%/VAR 15-PRP | 3 700 000.00 | 3 944 740.20 | 0.45 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 3.250%/VAR 20-PRP | 1 800 000.00 | 1 919 365.20 | 0.22 |
| EUR	DEUTSCHE BAHN FINANCE GMBH-REG-S-SUB 0.950%/VAR 19-PRP | 6 700 000.00 | 6 740 387.60 | 0.77 |
| EUR	DEUTSCHE BAHN FINANCE GMBH-REG-S-SUB 1.600%/VAR 19-PRP | 700 000.00 | 719 119.80 | 0.08 |
| EUR	ENGIE SA-REG-S-SUB 1.375%/VAR 18-PRP | 5 900 000.00 | 5 965 454.60 | 0.68 |
| EUR	ENGIE SA-REG-S-SUB 3.87500%/VAR 14-PRP | 2 400 000.00 | 2 637 196.80 | 0.30 |
| EUR	ING GROEP NV-REG-S-SUB 2.000%/VAR 18-22.03.30 | 3 000 000.00 | 3 168 144.00 | 0.36 |
| EUR	MERCK KGAA-REG-S-SUB 2.625%/VAR 14-12.12.74 | 4 200 000.00 | 4 247 712.00 | 0.48 |
| EUR	RABOBANK NEDERLAND NV-REG-S-SUB 2.500%/VAR 14-26.05.26 | 5 900 000.00 | 5 971 130.40 | 0.68 |
| EUR	RABOBANK NEDERLAND NV-REG-S-SUB 3.250%/VAR 19-PRP | 7 800 000.00 | 7 800 436.80 | 0.89 |
| EUR	SSE PLC-REG-S-SUB 2.375%/VAR 15-PRP | 3 300 000.00 | 3 318 506.40 | 0.38 |
| EUR	TELEFONICA EUROPE BV-REG-S-SUB 3.000%/VAR 18-PRP | 6 100 000.00 | 6 216 754.00 | 0.71 |
| EUR	UBS GROUP AG-REG-S-SUB 5.750%/VAR 15-PRP | 3 400 000.00 | 3 571 802.00 | 0.41 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.125%/VAR 18-PRP | 4 000 000.00 | 3 720 000.00 | 0.42 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S-SUB 2.500%/VAR 15-PRP | 2 200 000.00 | 2 222 000.00 | 0.25 |
| EUR	VOLKSWAGEN INTL FIN NV-REG-S-SUB 2.700%/VAR 17-PRP | 6 300 000.00 | 6 408 278.10 | 0.73 |
| EUR	VOLKSWAGEN INTL FINANCE NV-REG-S-SUB 3.375%/VAR 18-PRP | 5 300 000.00 | 5 538 500.00 | 0.63 |
| EUR	ZUERCHER KANTONALBANK-REG-S-SUB 2.625%/VAR 15-15.06.27 | 2 200 000.00 | 2 268 640.00 | 0.26 |
| Total EUR |  | 88 691 239.10 | 10.10 |
| Total Bonds, floating rate | 88 691 239.10 | 10.10 |
| Total Transferable securities and money market instruments listed on an official stock exchange | 853 658 064.72 | 97.21 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |  |
| Investment funds, open end |  |  |
| Ireland |  |  |
| EUR	UBS (IRL) SELECT MONEY MARKET FUND-EUR-S-DIST	1 509.19 | 14 946 281.65 | 1.70 |
| Total Ireland | 14 946 281.65 | 1.70 |
| Total Investment funds, open end | 14 946 281.65 | 1.70 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 14 946 281.65 | 1.70 |
| Total investments in securities | 868 604 346.37 | 98.91 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange Financial Futures on bonds |
|  |  |  |  |
| EUR	EURO-BUND FUTURE 08.12.20 | 190.00 | 44 600.00 | 0.01 |
| Total Financial Futures on bonds |  | 44 600.00 | 0.01 |
| Total Derivative instruments listed on an official stock exchange |  | 44 600.00 | 0.01 |
| Total Derivative instruments |  | 44 600.00 | 0.01 |
| Forward Foreign Exchange contracts Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| CHF | 159 896 000.00 | EUR | 149 547 968.50 | 2.12.2020 | -1 895 306.56 | -0.22 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 4 692 325.10 | CHF | 5 017 400.00 | 2.12.2020 | 59 110.60 | 0.01 |
| EUR | 973 359.13 | CHF | 1 051 800.00 | 2.12.2020 | 2 096.12 | 0.00 |
| CHF | 4 476 100.00 | EUR | 4 142 212.80 | 2.12.2020 | -8 850.61 | 0.00 |
| CHF | 675 500.00 | EUR | 624 899.40 | 2.12.2020 | -1 122.86 | 0.00 |
| CHF | 1 766 500.00 | EUR | 1 635 853.69 | 2.12.2020 | -4 615.71 | 0.00 |
| Total Forward Foreign Exchange contracts | -1 848 689.02 | -0.21 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 21 884 177.20 | 2.49 |
| Other assets and liabilities | -10 515 650.65 | -1.20 |
| Total net assets | 878 168 783.90 | 100.00 |
| UBS (Lux) Bond SICAV – EUR Corporates (EUR) Semi-Annual Report as of 30 November 2020 |  |  |

Translation (ENFR, 2020-11-30):
# UBS (Lux) Bond SICAV – EUR Corporates (EUR)
| Données principales |  |
| --- | --- |
|  | ISIN | 30.11.2020 | 31.5.2020 | 31.5.2019 |
| Actif net en EUR |  | 878 168 783.90 | 871 899 696.18 | 884 334 992.85 |
| Catégorie F-acc | LU0981420374 |  |  |  |
| Actions en circulation |  | 76 300.0000 | 115 400.0000 | 133 900.0000 |
| Valeur nette d’inventaire par action en EUR |  | 17.08 | 16.20 | 16.20 |
| Prix d’émission et de rachat par action en EUR 1 |  | 17.08 | 16.20 | 16.20 |
| Catégorie P-acc | LU0162626096 |  |  |  |
| Actions en circulation |  | 2 401 991.5030 | 2 536 162.9640 | 2 941 894.2290 |
| Valeur nette d’inventaire par action en EUR |  | 16.11 | 15.35 | 15.48 |
| Prix d’émission et de rachat par action en EUR 1 |  | 16.11 | 15.35 | 15.48 |
| Catégorie (CHF hedged) P-acc | LU0776291147 |  |  |  |
| Actions en circulation |  | 40 321.4710 | 36 075.5430 | 35 400.5030 |
| Valeur nette d’inventaire par action en CHF |  | 123.30 | 117.59 | 119.19 |
| Prix d’émission et de rachat par action en CHF 1 |  | 123.30 | 117.59 | 119.19 |
| Catégorie Q-acc | LU0396343682 |  |  |  |
| Actions en circulation |  | 158 411.1110 | 161 575.9140 | 344 465.2230 |
| Valeur nette d’inventaire par action en EUR |  | 114.64 | 108.88 | 109.21 |
| Prix d’émission et de rachat par action en EUR 1 |  | 114.64 | 108.88 | 109.21 |
| Catégorie (CHF hedged) Q-acc | LU1240773892 |  |  |  |
| Actions en circulation |  | 22 657.4340 | 24 232.4870 | 35 735.1030 |
| Valeur nette d’inventaire par action en CHF |  | 112.00 | 106.52 | 107.39 |
| Prix d’émission et de rachat par action en CHF 1 |  | 112.00 | 106.52 | 107.39 |
| Catégorie U-X-acc | LU0396345034 |  |  |  |
| Actions en circulation |  | 52 676.0000 | 55 615.0000 | 54 375.3590 |
| Valeur nette d’inventaire par action en EUR |  | 12 715.84 | 12 038.00 | 11 998.54 |
| Prix d’émission et de rachat par action en EUR 1 |  | 12 715.84 | 12 038.00 | 11 998.54 |
| Catégorie (CHF hedged) U-X-acc | LU1383449839 |  |  |  |
| Actions en circulation |  | 13 765.0000 | 13 772.0000 | 14 609.0000 |
| Valeur nette d’inventaire par action en CHF |  | 11 269.29 | 10 679.88 | 10 695.44 |
| Prix d’émission et de rachat par action en CHF 1 |  | 11 269.29 | 10 679.88 | 10 695.44 |
| 1  Voir note 1 |  |  |  |  |

UBS (Lux) Bond SICAV – EUR Corporates (EUR) Rapport semestriel au 30 novembre 2020

## Structure du portefeuille-titres
Répartition géographique en % de l’actif net	
| Pays-Bas | 20.20 |
| --- | --- |
| France | 19.64 |
| Etats-Unis | 12.30 |
| Allemagne | 11.52 |
| Grande-Bretagne | 8.70 |
| Espagne | 5.41 |
| Suisse | 3.29 |
| Irlande | 3.11 |
| Luxembourg | 2.96 |
| Australie | 2.93 |
| Finlande | 2.16 |
| Italie | 1.55 |
| Suède | 1.42 |
| Japon | 0.79 |
| Slovaquie | 0.75 |
| Singapour | 0.64 |
| Belgique | 0.60 |
| Danemark | 0.59 |
| Autriche | 0.18 |
| Mexique | 0.17 |
| Total | 98.91 |

Répartition économique en % de l’actif net	
| Banques & instituts de crédit | 32.28 |
| --- | --- |
| Etablissements financiers et sociétés de participation | 25.13 |
| Télécommunications | 8.29 |
| Distribution d’énergie & d’eau | 5.47 |
| Assurances | 4.42 |
| Pétrole | 3.06 |
| Bâtiment et matériaux de construction | 2.72 |
| Tabac et boissons alcoolisées | 2.41 |
| Internet, logiciels et services informatiques | 2.17 |
| Véhicules | 2.17 |
| Alimentation & softs | 1.88 |
| Trafic et transport | 1.86 |
| Produits pharmaceutiques, cosmétiques & médicaux | 1.77 |
| Fonds de placement | 1.70 |
| Immobilier | 1.33 |
| Services divers | 0.93 |
| Appareils et composants électriques | 0.59 |
| Electronique et semi-conducteurs | 0.54 |
| Diverses sociétés commerciales | 0.19 |
| Total | 98.91 |

UBS (Lux) Bond SICAV – EUR Corporates (EUR) Rapport semestriel au 30 novembre 2020

## Etat des actifs nets
Actif	30.11.2020
EUR
Portefeuille-titres, cours d’achat	836 780 470.15
| Portefeuille-titres, plus-/(moins)-value non réalisée | 	31 823 876.22	 |
| --- | --- |
| Total du Portefeuille-titres (note 1) | 868 604 346.37 |
| Avoirs en banque, dépôts à vue et à terme | 21 490 069.80 |
| Autres liquidités (marges) | 394 107.40 |
| Intérêts à recevoir sur titres | 9 092 870.00 |
| Bénéfice non réalisé(e) sur contrats financiers à terme (note 1) | 44 600.00 |
| Total de l’Actif | 899 625 993.57 |
|  |  |
| Passif |  |
| Perte non réalisé(e) sur contrats de change à terme (note 1) | -1 848 689.02 |
| Engagements sur achats de titres (note 1) | -19 345 159.99 |
| Engagements sur rachats | -134 881.77 |
| Provisions pour commission de gestion forfaitaire (note 2) | -25 695.57 |
| Provisions pour taxe d’abonnement (note 3) | -18 846.71 |
| Provisions pour autres commissions et frais (note 2) | 	-83 936.61	 |
| Total des Provisions pour frais | -128 478.89 |
| Total du Passif | -21 457 209.67 |
|  |  |
| Actif net à la fin de la période | 878 168 783.90 |
| Etat des opérations | EUR |
| Revenus | 1.6.2020-30.11.2020 |
| Intérêts sur titres | 8 661 090.18 |
| Revenus d’intérêts sur swaps (note 1) | 38 263.89 |
| Revenus sur prêts de titres (note 12) | 186 610.00 |
| Autres revenus (note 4) | 51 294.31 |
| Total des Revenus | 8 937 258.38 |
|  |  |
| Charges |  |
| Charges d’intérêts sur swaps (note 1) | -124 431.61 |
| Commission de gestion forfaitaire (note 2) | -313 618.55 |
| Taxe d’abonnement (note 3) | -57 067.26 |
| Frais sur prêts de titres (note 12) | -74 644.00 |
| Autres commissions et frais (note 2) | -39 447.43 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -33 357.87 |
| Total des Charges | -642 566.72 |
|  |  |
| Revenus/pertes net(te)s de placements | 8 294 691.66 |
|  |  |
| Bénéfices/(pertes) réalisé(e)s (note 1) |  |
| Bénéfice/(perte) réalisé(e) sur titres évalués à la valeur de marché hors options | 2 043 615.21 |
| Bénéfice/(perte) réalisé(e) sur instruments du marché monétaire et titres évalués en fonction des rendements | -4 636.92 |
| Bénéfice/perte réalisé(e) sur contrats financiers à terme | -111 677.20 |
| Bénéfice/(perte) réalisé(e) sur contrats de change à terme | -2 332 464.11 |
| Bénéfice/(perte) réalisé(e) sur swaps | -758 327.33 |
| Bénéfice/(perte) de change réalisé(e) | 272 883.42 |
| Total des Bénéfices/(pertes) réalisé(e)s | -890 606.93 |
|  |  |
| Bénéfice/(perte) net(te) réalisé(e) au cours de la période | 7 404 084.73 |
|  |  |
| Fluctuations de la plus-/(moins)-value non réalisée (note 1) |  |
| Plus-/(moins)-value non réalisée sur titres évalués à la valeur de marché hors options | 37 610 567.54 |
| Plus-/(moins)-value non réalisée sur contrats financiers à terme | 330 180.00 |
| Plus-/(moins)-value non réalisée sur contrats de change à terme | 6 419.20 |
| Plus-/(moins)-value non réalisée sur swaps | 442 406.56 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 38 389 573.30 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 45 793 658.03 |

UBS (Lux) Bond SICAV – EUR Corporates (EUR) Rapport semestriel au 30 novembre 2020
| Fluctuations de l’actif net |  |
| --- | --- |
|  | EUR |
|  | 1.6.2020-30.11.2020 |
| Actif net au début de la période | 871 899 696.18 |
| Souscriptions | 16 088 248.50 |
| Rachats | 	-55 612 818.81	 |
| Total des Entrées/(sorties) de capitaux | -39 524 570.31 |
| Revenus/pertes net(te)s de placements | 8 294 691.66 |
| Total des Bénéfices/(pertes) réalisé(e)s | -890 606.93 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 	38 389 573.30	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 45 793 658.03 |
| Actif net à la fin de la période | 878 168 783.90 |
| Evolution des actions en circulation |  |
|  | 1.6.2020-30.11.2020 |
| Catégorie | F-acc |
| Nombre d’actions en circulation au début de la période | 115 400.0000 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -39 100.0000 |
| Nombre d’actions en circulation à la fin de la période | 76 300.0000 |
| Catégorie | P-acc |
| Nombre d’actions en circulation au début de la période | 2 536 162.9640 |
| Nombre d’actions émises | 41 947.4550 |
| Nombre d’actions rachetées | -176 118.9160 |
| Nombre d’actions en circulation à la fin de la période | 2 401 991.5030 |
| Catégorie | (CHF hedged) P-acc |
| Nombre d’actions en circulation au début de la période | 36 075.5430 |
| Nombre d’actions émises | 5 658.5600 |
| Nombre d’actions rachetées | -1 412.6320 |
| Nombre d’actions en circulation à la fin de la période | 40 321.4710 |
| Catégorie | Q-acc |
| Nombre d’actions en circulation au début de la période | 161 575.9140 |
| Nombre d’actions émises | 14 594.7890 |
| Nombre d’actions rachetées | -17 759.5920 |
| Nombre d’actions en circulation à la fin de la période | 158 411.1110 |
| Catégorie | (CHF hedged) Q-acc |
| Nombre d’actions en circulation au début de la période | 24 232.4870 |
| Nombre d’actions émises | 1 250.0000 |
| Nombre d’actions rachetées | -2 825.0530 |
| Nombre d’actions en circulation à la fin de la période | 22 657.4340 |
| Catégorie | U-X-acc |
| Nombre d’actions en circulation au début de la période | 55 615.0000 |
| Nombre d’actions émises | 482.0000 |
| Nombre d’actions rachetées | -3 421.0000 |
| Nombre d’actions en circulation à la fin de la période | 52 676.0000 |
| Catégorie | (CHF hedged) U-X-acc |
| Nombre d’actions en circulation au début de la période | 13 772.0000 |
| Nombre d’actions émises | 677.0000 |
| Nombre d’actions rachetées | -684.0000 |
| Nombre d’actions en circulation à la fin de la période | 13 765.0000 |

UBS (Lux) Bond SICAV – EUR Corporates (EUR) Rapport semestriel au 30 novembre 2020

## Etat du portefeuille-titres et autres actifs nets au 30 novembre 2020
| Dénomination | Nombre/ | Evaluation en EUR | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
| Titres et instruments du marché monétaire négociés sur une bourse officielle |  |  |  |
| Billets, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	ANHEUSER-BUSCH INBEV SA/NV-REG-S 3.70000% 20-02.04.40 | 3 800 000.00 | 5 310 317.60 | 0.60 |
| EUR	AUSNET SERVICES HOLDINGS PTY LTD-REG-S 0.62500% 20-25.08.30 | 5 000 000.00 | 5 194 260.00 | 0.59 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 2.82200% 20-07.04.32 | 3 700 000.00 | 4 655 140.20 | 0.53 |
| EUR	CAP GEMINI SA-REG-S 2.00000% 20-15.04.29 | 5 300 000.00 | 6 024 245.00 | 0.69 |
| EUR	CAPGEMINI SE-REG-S 1.12500% 20-23.06.30 | 3 500 000.00 | 3 720 346.00 | 0.42 |
| EUR	CIE DE SAINT-GOBAIN-REG-S 2.37500% 20-04.10.27 | 3 400 000.00 | 3 889 842.42 | 0.44 |
| EUR	DIGITAL DUTCH FINCO BV-REG-S 1.50000% 20-15.03.30 | 7 400 000.00 | 7 968 172.00 | 0.91 |
| EUR	ENEL FINANCE INTERNATIONAL NV-REG-S 1.37500% 16-01.06.26 | 15 300 000.00 | 16 467 368.58 | 1.88 |
| EUR	EUSTREAM AS-REG-S 1.62500% 20-25.06.27 | 6 200 000.00 | 6 587 376.00 | 0.75 |
| EUR	FORD MOTOR CREDIT CO LLC 1.51400% 19-17.02.23 | 2 800 000.00 | 2 789 500.00 | 0.32 |
| Total EUR |  | 62 606 567.80 | 7.13 |
| Total des Billets, taux fixe |  | 62 606 567.80 | 7.13 |
| Billets, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	AUSTRALIA & NZ BANKING GRP-REG-S-SUB 1.125%/VAR 19-21.11.29 | 4 800 000.00 | 4 863 840.00 | 0.56 |
| EUR	BANCO BILBAO VIZCAYA ARGENT-REG-S-SUB 6.000%/VAR 19-PRP | 3 400 000.00 | 3 624 549.60 | 0.41 |
| EUR	BANCO BILBAO VIZCAYA ARGENT-REG-S-SUB 6.000%/VAR 20-PRP | 2 400 000.00 | 2 622 000.00 | 0.30 |
| EUR	OP CORPORATE BANK PLC-REG-S SUB 1.625%/VAR 20-09.06.30 | 5 700 000.00 | 5 888 635.80 | 0.67 |
| Total EUR |  | 16 999 025.40 | 1.94 |
| Total des Billets, taux variable |  | 16 999 025.40 | 1.94 |
| Medium-Term Notes, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	A.P. MOELLER-MAERSK-REG-S 1.75000% 18-16.03.26 | 1 900 000.00 | 2 028 770.60 | 0.23 |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 2.37500% 19-27.09.27 | 1 300 000.00 | 1 437 085.00 | 0.16 |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 3.00000% 19-27.03.31 | 5 000 000.00 | 5 775 400.00 | 0.66 |
| EUR	ABN AMRO BANK NV-REG-S-SUB 7.12500% 12-06.07.22 | 5 300 000.00 | 5 897 575.00 | 0.67 |
| EUR	AIB GROUP PLC-REG-S 1.25000% 19-28.05.24 | 3 300 000.00 | 3 416 569.20 | 0.39 |
| EUR	ALLIANZ FINANCE II BV-REG-S 1.50000% 19-15.01.30 | 3 100 000.00 | 3 545 308.80 | 0.40 |
| EUR	ANGLO AMERICAN CAPITAL PLC-REG-S 1.62500% 17-18.09.25 | 4 400 000.00 | 4 681 908.00 | 0.53 |
| EUR	APRR SA-REG-S 1.62500% 17-13.01.32 | 2 800 000.00 | 3 235 187.20 | 0.37 |
| EUR	APT PIPELINES LTD-REG-S 2.00000% 20-15.07.30 | 3 400 000.00 | 3 833 204.20 | 0.44 |
| EUR	ASSICURAZIONI GENERALI SPA-REG-S-SUB 4.12500% 14-04.05.26 | 3 700 000.00 | 4 329 370.00 | 0.49 |
| EUR	BANCO BILBAO VIZCAYA ARGENTARIA-REG-S 0.37500% 19-02.10.24 | 8 500 000.00 | 8 579 050.00 | 0.98 |
| EUR	BANK OF AMERICA CORP-REG-S 1.37500% 15-26.03.25 | 7 900 000.00 | 8 383 826.02 | 0.96 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S 1.62500% 16-19.01.26 | 6 400 000.00 | 6 966 796.80 | 0.79 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S-SUB 2.37500% 16-24.03.26 | 7 500 000.00 | 8 258 910.00 | 0.94 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S-SUB 2.50000% 18-25.05.28 | 800 000.00 | 912 878.40 | 0.10 |
| EUR	BANQUE FEDERATIVE DU CREDIT MUTUEL 2.62500% 14-18.03.24 | 1 000 000.00 | 1 093 556.00 | 0.13 |
| EUR	BARCLAYS BANK PLC-SUB 6.62500% 11-30.03.22 | 3 500 000.00 | 3 801 056.00 | 0.43 |
| EUR	BMW FINANCE NV-REG-S 2.62500% 14-17.01.24 | 2 000 000.00 | 2 175 258.80 | 0.25 |
| EUR	BMW FINANCE NV-REG-S 0.75000% 16-15.04.24 | 600 000.00 | 618 534.00 | 0.07 |
| EUR	BNP PARIBAS SA-REG-S-SUB 1.62500% 19-02.07.31 | 2 800 000.00 | 2 969 724.80 | 0.34 |
| EUR	BNP PARIBAS SA-REG-S 1.50000% 17-17.11.25 | 4 900 000.00 | 5 228 447.00 | 0.60 |
| EUR	BNP PARIBAS SA-REG-S 1.50000% 17-23.05.28 | 1 100 000.00 | 1 200 201.20 | 0.14 |
| EUR	BNP PARIBAS SA-REG-S 1.12500% 18-11.06.26 | 6 200 000.00 | 6 503 167.60 | 0.74 |
| EUR	BNP PARIBAS-REG-S 1.12500% 18-22.11.23 | 2 500 000.00 | 2 590 345.00 | 0.30 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 1.57300% 15-16.02.27 | 1 000 000.00 | 1 088 580.00 | 0.12 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 1.63700% 17-26.06.29 | 2 800 000.00 | 3 104 460.80 | 0.35 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 1.59400% 18-03.07.28 | 4 000 000.00 | 4 399 992.00 | 0.50 |
| EUR	CIE DE SAINT-GOBAIN SA-REG-S 1.87500% 19-15.03.31 | 5 500 000.00 | 6 339 080.00 | 0.72 |
| EUR	CIE DE SAINT-GOBAIN-REG-S 1.12500% 18-23.03.26 | 2 900 000.00 | 3 071 337.80 | 0.35 |
| EUR	CITIGROUP INC-REG-S 1.50000% 16-26.10.28 | 2 500 000.00 | 2 719 010.00 | 0.31 |
| EUR	COCA-COLA HBC FINANCE BV-REG-S 1.87500% 16-11.11.24 | 1 600 000.00 | 1 730 714.40 | 0.20 |
| EUR	CREDIT AGRICOLE SA LONDON-REG-S 1.87500% 16-20.12.26 | 8 900 000.00 | 9 792 136.00 | 1.12 |
| EUR	CREDIT SUISSE GROUP AG-REG-S 0.65000% 19-10.09.29 | 6 600 000.00 | 6 739 656.00 | 0.77 |
| EUR	DAIMLER AG-REG-S 1.12500% 19-06.11.31 | 4 100 000.00 | 4 342 867.60 | 0.50 |
| EUR	DAIMLER AG-REG-S 2.00000% 19-27.02.31 | 4 000 000.00 | 4 598 856.00 | 0.52 |
| EUR	DAIMLER AG-REG-S 2.37500% 20-22.05.30 | 1 800 000.00 | 2 116 591.20 | 0.24 |
| EUR	DAIMLER AG-REG-S 2.62500% 20-07.04.25 | 2 800 000.00 | 3 109 797.60 | 0.35 |
| EUR	DEUTSCHE BAHN FINANCE GMBH-REG-S 0.75000% 20-16.07.35 | 2 400 000.00 | 2 581 382.39 | 0.29 |
| EUR	DEUTSCHE BANK AG-REG-S 1.62500% 19-12.02.21 | 5 500 000.00 | 5 518 700.00 | 0.63 |
| EUR	DEUTSCHE BANK-REG-S 2.37500% 13-11.01.23 | 5 100 000.00 | 5 344 759.20 | 0.61 |
| EUR	DEUTSCHE TELEKOM AG-REG-S 2.25000% 19-29.03.39 | 3 100 000.00 | 3 930 924.00 | 0.45 |
| EUR	DEUTSCHE TELEKOM INTL FINANCE BV-REG-S 1.50000% 16-03.04.28 | 6 200 000.00 | 6 868 112.00 | 0.78 |
| EUR	DEUTSCHE TELEKOM INTL FIN BV-REG-S 2.00000% 18-01.12.29 | 4 800 000.00 | 5 627 136.00 | 0.64 |
| EUR	DIAGEO FINANCE PLC-REG-S 1.75000% 14-23.09.24 | 3 300 000.00 | 3 536 049.00 | 0.40 |
| EUR	ENAGAS FINANCIACIONES SAU-REG-S 1.25000% 15-06.02.25 | 8 400 000.00 | 8 894 642.40 | 1.01 |
| EUR	ENGIE SA-REG-S 1.75000% 20-27.03.28 | 3 200 000.00 | 3 592 757.76 | 0.41 |
| EUR	ENGIE SA-REG-S 2.37500% 14-19.05.26 | 1 800 000.00 | 2 046 484.80 | 0.23 |
| EUR	ESB FINANCE DAC-REG-S 1.12500% 19-11.06.30 | 5 100 000.00 | 5 547 412.80 | 0.63 |
| EUR	EUROGRID GMBH-REG-S 1.50000% 16-18.04.28 | 7 400 000.00 | 8 193 280.00 | 0.93 |
| EUR	FORD MOTOR CREDIT CO LLC 3.02100% 19-06.03.24 | 3 100 000.00 | 3 196 441.00 | 0.36 |
| EUR	FRESENIUS MED CARE AG & CO KGAA-REG-S 1.00000% 20-29.05.26 | 2 600 000.00 | 2 716 485.20 | 0.31 |
| EUR	GE CAPITAL EUROPEAN FUNDING 4.62500% 07-22.02.27 | 2 800 000.00 | 3 449 656.00 | 0.39 |
| EUR	GECINA SA-REG-S 1.62500% 19-29.05.34 | 6 000 000.00 | 6 772 932.00 | 0.77 |
| EUR	GENERAL MOTORS FINANCIAL CO INC-REG-S 0.95500% 16-07.09.23 | 4 400 000.00 | 4 487 243.20 | 0.51 |
| EUR	GENERAL MOTORS FINANCIAL CO INC-REG-S 1.69400% 18-26.03.25 | 3 500 000.00 | 3 674 580.00 | 0.42 |
| EUR	GLENCORE FINANCE EUROPE SA-REG-S 1.75000% 15-17.03.25 | 10 900 000.00 | 11 506 040.00 | 1.31 |
| EUR	GOLDMAN SACHS GROUP INC 2.87500% 14-03.06.26 | 3 700 000.00 | 4 236 611.00 | 0.48 |
| EUR	GOLDMAN SACHS GROUP INC/THE-REG-S 2.12500% 14-30.09.24 | 3 200 000.00 | 3 447 680.00 | 0.39 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 1.62500% 16-27.07.26 | 5 100 000.00 | 5 505 470.40 | 0.63 |
| EUR	HEIDELBERGCEMENT AG-REG-S 1.50000% 16-07.02.25 | 3 400 000.00 | 3 593 315.16 | 0.41 |

UBS (Lux) Bond SICAV – EUR Corporates (EUR) Rapport semestriel au 30 novembre 2020
|  | Dénomination | Nombre/ | Evaluation en EUR | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
|  |  |  |  |  |
| EUR | HEINEKEN NV-REG-S 1.75000% 20-07.05.40 | 6 300 000.00 | 7 042 652.19 | 0.80 |
| EUR | INNOGY FINANCE II BV-REG-S 5.75000% 03-14.02.33 | 2 800 000.00 | 4 538 128.00 | 0.52 |
| EUR | JPMORGAN CHASE & CO-REG-S 1.50000% 16-29.10.26 | 4 000 000.00 | 4 357 848.00 | 0.50 |
| EUR | KONINKLIJKE KPN NV-REG-S 1.12500% 16-11.09.28 | 900 000.00 | 922 104.00 | 0.11 |
| EUR | LANDESBANK BADEN-WUERTTEMBERG-REG-S-SUB 3.62500% 15-16.06.25 | 4 400 000.00 | 4 827 935.20 | 0.55 |
| EUR | LOGICOR FINANCING SARL-REG-S 3.25000% 18-13.11.28 | 4 900 000.00 | 5 752 992.00 | 0.66 |
| EUR | LOGICOR FINANCING SARL-REG-S 1.62500% 19-15.07.27 | 6 400 000.00 | 6 771 584.00 | 0.77 |
| EUR | MORGAN STANLEY 1.75000% 15-30.01.25 | 9 000 000.00 | 9 637 837.20 | 1.10 |
| EUR | MORGAN STANLEY 1.87500% 17-27.04.27 | 3 900 000.00 | 4 336 121.40 | 0.49 |
| EUR | NATWEST MARKETS PLC-REG-S 1.00000% 19-28.05.24 | 5 100 000.00 | 5 260 768.82 | 0.60 |
| EUR | ORANGE SA 1.12500% 19-15.07.24 | 2 700 000.00 | 2 820 436.20 | 0.32 |
| EUR | ORANGE SA-REG-S 1.00000% 18-12.09.25 | 5 600 000.00 | 5 902 596.56 | 0.67 |
| EUR | ORANGE SA-REG-S 1.37500% 18-20.03.28 | 5 700 000.00 | 6 269 943.00 | 0.71 |
| EUR | ORIGIN ENERGY FINANCE LTD-REG-S 1.00000% 19-17.09.29 | 5 800 000.00 | 5 768 958.40 | 0.66 |
| EUR | PETROLEOS MEXICANOS-REG-S 2.50000% 17-21.08.21 | 1 500 000.00 | 1 493 437.50 | 0.17 |
| EUR | RAIFFEISEN BANK INTL AG-SUB 6.62500% 11-18.05.21 | 1 500 000.00 | 1 544 550.00 | 0.18 |
| EUR | REPSOL INTERNATIONAL FINANCE BV-REG-S 2.25000% 14-10.12.26 | 1 500 000.00 | 1 702 269.00 | 0.19 |
| EUR | REPSOL INTERNATIONAL FINANCE BV-REG-S 2.62500% 20-15.04.30 | 2 400 000.00 | 2 845 449.60 | 0.32 |
| EUR | SANOFI-REG-S 0.87500% 19-21.03.29 | 2 800 000.00 | 3 034 477.60 | 0.35 |
| EUR | SANOFI-REG-S 1.37500% 18-21.03.30 | 4 900 000.00 | 5 568 350.20 | 0.63 |
| EUR | SANTANDER CONSUMER FINANCE SA-REG-S 0.87500% 18-30.05.23 | 3 700 000.00 | 3 800 418.00 | 0.43 |
| EUR | SCHAEFFLER AG-REG-S 1.87500% 19-26.03.24 | 3 200 000.00 | 3 280 000.00 | 0.37 |
| EUR | SCHAEFFLER AG-REG-S 2.87500% 19-26.03.27 | 1 500 000.00 | 1 575 000.00 | 0.18 |
| EUR | SHELL INTERNATIONAL FINANCE BV 2.50000% 14-24.03.26 | 2 200 000.00 | 2 518 454.40 | 0.29 |
| EUR | SHELL INTERNATIONAL FINANCE BV-REG-S 1.62500% 14-20.01.27 | 1 800 000.00 | 1 989 720.00 | 0.23 |
| EUR | SKY PLC-REG-S 2.50000% 14-15.09.26 | 4 200 000.00 | 4 818 055.20 | 0.55 |
| EUR | SOCIETE GENERALE-REG-S 1.12500% 18-23.01.25 | 500 000.00 | 519 952.00 | 0.06 |
| EUR | SOCIETE GENERALE-REG-S 1.25000% 19-15.02.24 | 4 300 000.00 | 4 463 864.40 | 0.51 |
| EUR | SUMITOMO MITSUI FIN GP INC-REG-S 0.81900% 18-23.07.23 | 6 800 000.00 | 6 973 685.60 | 0.79 |
| EUR | TELEFONICA EMISIONES SAU 3.98700% 13-23.01.23 | 900 000.00 | 982 049.22 | 0.11 |
| EUR | TELEFONICA EMISIONES SA-REG-S 1.46000% 16-13.04.26 | 4 100 000.00 | 4 425 548.20 | 0.50 |
| EUR | TELEFONICA EMISIONES SA-REG-S 0.66400% 20-03.02.30 | 3 700 000.00 | 3 793 647.00 | 0.43 |
| EUR | UNICREDITO ITALIANO SPA 1.00000% 18-18.01.23 | 9 100 000.00 | 9 286 914.00 | 1.06 |
| EUR | UNION FENOSA FINANCE BV-REG-S 1.25000% 20-15.01.26 | 4 200 000.00 | 4 459 266.00 | 0.51 |
| EUR | VEOLIA ENVIRONNEMENT-REG-S 0.89200% 19-14.01.24 | 6 300 000.00 | 6 494 166.00 | 0.74 |
| EUR | VEOLIA ENVIRONNEMENT SA-REG-S 1.25000% 20-15.04.28 | 2 300 000.00 | 2 491 820.00 | 0.28 |
| EUR | VERIZON COMMUNICATIONS INC 3.25000% 14-17.02.26 | 2 800 000.00 | 3 287 256.00 | 0.38 |
| EUR | VINCI SA-REG-S 1.62500% 19-18.01.29 | 6 200 000.00 | 7 012 200.00 | 0.80 |
| EUR | VODAFONE GROUP PLC-REG-S 1.60000% 16-29.07.31 | 2 300 000.00 | 2 566 786.20 | 0.29 |
| EUR | VODAFONE GROUP PLC-REG-S 1.50000% 17-24.07.27 | 4 600 000.00 | 5 010 283.20 | 0.57 |
| EUR | VOLKSWAGEN FINANCIAL SERVICES AG 1.37500% 18-16.10.23 | 2 000 000.00 | 2 072 616.00 | 0.24 |
| EUR | VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 1.62500% 15-16.01.30 | 350 000.00 | 384 153.00 | 0.04 |
| EUR | VOLKSWAGEN LEASING GMBH-REG-S 1.12500% 17-04.04.24 | 3 900 000.00 | 4 023 437.33 | 0.46 |
| EUR | WELLS FARGO & CO-REG-S 2.62500% 12-16.08.22 | 1 300 000.00 | 1 363 367.20 | 0.16 |
| Total EUR |  |  | 442 874 401.15 | 50.43 |
| Total des Medium-Term Notes, taux fixe |  | 442 874 401.15 | 50.43 |
| Medium-Term Notes, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	ALLIANZ FINANCE II-SUB 5.750%/3M EURIBOR+334.9BP 11-08.07.41 | 2 000 000.00 | 2 066 520.00 | 0.23 |
| EUR	ALLIANZ SE-REG-S-SUB 4.750%/3M EURIBOR+360BP 13-PRP | 8 100 000.00 | 9 024 398.73 | 1.03 |
| EUR	AVIVA PLC-REG-S-SUB 3.375%/VAR 15-04.12.45 | 2 700 000.00 | 2 971 090.80 | 0.34 |
| EUR	AVIVA PLC-SUB 6.125%/VAR 13-05.07.43 | 5 000 000.00 | 5 706 235.00 | 0.65 |
| EUR	AXA SA-REG-S-SUB 3.375%/VAR 16-06.07.47 | 2 900 000.00 | 3 325 414.92 | 0.38 |
| EUR	AXA SA-REG-S-SUB 3.941%/VAR 14-PRP | 4 400 000.00 | 4 877 928.00 | 0.56 |
| EUR	BANKIA SA-REG-S-SUB 3.750%/VAR 19-15.02.29 | 3 300 000.00 | 3 536 748.60 | 0.40 |
| EUR	BARCLAYS PLC-REG-S 1.375%/VAR 18-24.01.26 | 1 300 000.00 | 1 352 876.20 | 0.15 |
| EUR	BNP PARIBAS SA-REG-S 1.125%/VAR 20-17.04.29 | 2 800 000.00 | 2 938 622.40 | 0.33 |
| EUR	BNP PARIBAS-REG-S 2.125%/VAR 19-23.01.27 | 400 000.00 | 438 388.08 | 0.05 |
| EUR	CITIGROUP INC-SUB 4.250%/FLR 05-25.02.30 | 2 600 000.00 | 2 981 518.80 | 0.34 |
| EUR	COMMONWEALTH BK OF AUSTRLIA-REG-S-SUB 1.936%/VAR 17-03.10.29 | 5 800 000.00 | 6 039 598.00 | 0.69 |
| EUR	CREDIT SUISSE GROUP AG-REG-S 3.250%/VAR 20-02.04.26 | 2 700 000.00 | 3 052 755.00 | 0.35 |
| EUR	DANONE SA-REG-S-SUB 1.750%/VAR 17-PRP | 6 300 000.00 | 6 441 750.00 | 0.73 |
| EUR	DANSKE BANK AS-REG-S-SUB 2.500%/VAR 19-21.06.29 | 3 000 000.00 | 3 172 134.00 | 0.36 |
| EUR	DBS GROUP HOLDINGS LTD-REG-S-SUB 1.500%/VAR 18-11.04.28 | 5 500 000.00 | 5 612 574.00 | 0.64 |
| EUR	ENBW ENERGIE BADEN-WUERTT-REG-S-SUB 3.625%/VAR 14-02.04.76 | 3 200 000.00 | 3 232 000.00 | 0.37 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 4 900 000.00 | 5 157 250.00 | 0.59 |
| EUR	ING BANK NV-SUB 3.625%/VAR 14-25.02.26 | 8 200 000.00 | 8 265 304.80 | 0.94 |
| EUR	ING GROEP NV-SUB 3.000%/VAR 17-11.04.28 | 4 700 000.00 | 4 979 650.00 | 0.57 |
| EUR	JPMORGAN CHASE & CO-REG-S 1.047%/VAR 19-04.11.32 | 2 600 000.00 | 2 759 525.60 | 0.31 |
| EUR	JPMORGAN CHASE & CO-REG-S 0.389%/3M EURIBOR+65BP 20-24.02.28 | 3 700 000.00 | 3 739 227.40 | 0.43 |
| EUR	LA BANQUE POSTALE-REG-S-SUB-2.750%/VAR 14-23.04.26 | 6 400 000.00 | 6 462 848.00 | 0.74 |
| EUR	NORDEA BANK ABP-REG-S-SUB 1.000%/VAR 16-07.09.26 | 11 600 000.00 | 11 662 640.00 | 1.33 |
| EUR	NORDEA BANK ABP-REG-S-SUB 3.500%/VAR 17-PRP | 1 400 000.00 | 1 442 000.00 | 0.16 |
| EUR	SVENSKA HANDELSBANKEN AB-REG-S-SUB 1.625%/VAR 18-05.03.29 | 8 000 000.00 | 8 348 320.00 | 0.95 |
| EUR	TOTAL SE-REG-S-SUB 2.625%/VAR 15-PRP | 5 000 000.00 | 5 268 240.00 | 0.60 |
| EUR	TOTAL SE-REG-S-SUB 3.369%/VAR 16-PRP | 2 300 000.00 | 2 549 789.20 | 0.29 |
| EUR	UBS AG-REG-S-SUB 4.750%/VAR 14-12.02.26 | 9 800 000.00 | 9 871 755.60 | 1.12 |
| EUR	UBS GROUP AG-REG-S-SUB 0.250%/VAR 20-05.11.28 | 3 420 000.00 | 3 426 840.00 | 0.39 |
| Total EUR |  | 140 703 943.13 | 16.02 |
| Total des Medium-Term Notes, taux variable |  | 140 703 943.13 | 16.02 |
| Obligations, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	ABN AMRO BANK NV-REG-S 0.60000% 20-15.01.27 | 5 000 000.00 | 5 146 280.00 | 0.58 |
| EUR	ARGENTUM NETHERLANDS BV FOR GIV-REG-S 2.00000% 18-17.09.30 | 6 900 000.00 | 8 094 707.40 | 0.92 |
| EUR	AT&T INC 1.80000% 18-05.09.26 | 1 500 000.00 | 1 634 868.00 | 0.19 |
| EUR	AT&T INC 2.60000% 14-17.12.29 | 6 600 000.00 | 7 814 307.60 | 0.89 |
| EUR	AT&T INC 3.50000% 13-17.12.25 | 7 000 000.00 | 8 170 540.00 | 0.93 |
| EUR	BAYER CAPITAL CORP BV-REG-S 1.50000% 18-26.06.26 | 3 400 000.00 | 3 649 090.80 | 0.41 |
| EUR	BAYER CAPITAL CORP BV-REG-S 2.12500% 18-15.12.29 | 2 600 000.00 | 2 975 180.00 | 0.34 |
| EUR	COCA-COLA EUROPEAN PARTNERS PLC-REG-S 0.75000% 16-24.02.22 | 500 000.00 | 505 444.70 | 0.06 |

UBS (Lux) Bond SICAV – EUR Corporates (EUR) Rapport semestriel au 30 novembre 2020
|  | Dénomination | Nombre/ | Evaluation en EUR | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
|  |  |  |  |  |
| EUR | COCA-COLA EUROPEAN PARTNERS PLC-REG-S 1.75000% 16-26.05.28 | 7 100 000.00 | 7 880 704.64 | 0.90 |
| EUR | CREDIT AGRICOLE SA-REG-S-SUB 2.62500% 15-17.03.27 | 2 900 000.00 | 3 247 304.00 | 0.37 |
| EUR | GIE PSA TRESORERIE 6.00000% 03-19.09.33 | 1 100 000.00 | 1 639 523.60 | 0.19 |
| EUR | LANDESBANK BADEN-WUERTTEMBERG-REG-S-SUB 2.87500% 16-28.09.26 | 2 900 000.00 | 3 100 587.20 | 0.35 |
| EUR | MOLSON COORS BREWING CO 1.25000% 16-15.07.24 | 8 600 000.00 | 8 842 485.60 | 1.01 |
| EUR | MONDELEZ INTL 1.62500% 16-20.01.23 | 1 600 000.00 | 1 657 969.76 | 0.19 |
| EUR | NOVARTIS FINANCE SA-REG-S 1.37500% 18-14.08.30 | 1 700 000.00 | 1 928 745.20 | 0.22 |
| EUR | SAP SE-REG-S 0.37500% 20-18.05.29 | 7 700 000.00 | 7 952 898.80 | 0.90 |
| EUR | SAP SE-REG-S 1.62500% 18-10.03.31 | 1 200 000.00 | 1 390 099.20 | 0.16 |
| EUR | SVENSKA HANDELSBANKEN AB-REG-S 0.50000% 20-18.02.30 | 4 000 000.00 | 4 106 440.00 | 0.47 |
| EUR | THERMO FISHER SCIENTIFIC INC 0.75000% 16-12.09.24 | 4 600 000.00 | 4 745 962.14 | 0.54 |
| EUR | VERIZON COMMUNICATIONS INC 1.87500% 17-26.10.29 | 3 700 000.00 | 4 212 080.00 | 0.48 |
| EUR | VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 3.25000% 18-18.11.30 | 4 200 000.00 | 5 251 992.90 | 0.60 |
| EUR | VONOVIA FINANCE BV-REG-S 1.50000% 18-14.01.28 | 1 100 000.00 | 1 208 092.60 | 0.14 |
| EUR | WINTERSHALL DEA FINANCE-REG-S 1.82300% 19-25.09.31 | 6 400 000.00 | 6 627 584.00 | 0.75 |
| Total EUR |  |  | 101 782 888.14 | 11.59 |
| Total des Obligations, taux fixe |  | 101 782 888.14 | 11.59 |
| Obligations, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	ALLIANDER NV-REG-S-SUB 1.625%/VAR 18-PRP | 8 900 000.00 | 9 350 785.00 | 1.06 |
| EUR	ALLIANZ SE-REG-S-SUB 1.301%/3M EURIBOR+235BP 19-25.09.49 | 2 900 000.00 | 2 962 286.20 | 0.34 |
| EUR	BNP PARIBAS SA-REG-S-SUB 6.125%/VAR 15-PRP | 3 700 000.00 | 3 944 740.20 | 0.45 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 3.250%/VAR 20-PRP | 1 800 000.00 | 1 919 365.20 | 0.22 |
| EUR	DEUTSCHE BAHN FINANCE GMBH-REG-S-SUB 0.950%/VAR 19-PRP | 6 700 000.00 | 6 740 387.60 | 0.77 |
| EUR	DEUTSCHE BAHN FINANCE GMBH-REG-S-SUB 1.600%/VAR 19-PRP | 700 000.00 | 719 119.80 | 0.08 |
| EUR	ENGIE SA-REG-S-SUB 1.375%/VAR 18-PRP | 5 900 000.00 | 5 965 454.60 | 0.68 |
| EUR	ENGIE SA-REG-S-SUB 3.87500%/VAR 14-PRP | 2 400 000.00 | 2 637 196.80 | 0.30 |
| EUR	ING GROEP NV-REG-S-SUB 2.000%/VAR 18-22.03.30 | 3 000 000.00 | 3 168 144.00 | 0.36 |
| EUR	MERCK KGAA-REG-S-SUB 2.625%/VAR 14-12.12.74 | 4 200 000.00 | 4 247 712.00 | 0.48 |
| EUR	RABOBANK NEDERLAND NV-REG-S-SUB 2.500%/VAR 14-26.05.26 | 5 900 000.00 | 5 971 130.40 | 0.68 |
| EUR	RABOBANK NEDERLAND NV-REG-S-SUB 3.250%/VAR 19-PRP | 7 800 000.00 | 7 800 436.80 | 0.89 |
| EUR	SSE PLC-REG-S-SUB 2.375%/VAR 15-PRP | 3 300 000.00 | 3 318 506.40 | 0.38 |
| EUR	TELEFONICA EUROPE BV-REG-S-SUB 3.000%/VAR 18-PRP | 6 100 000.00 | 6 216 754.00 | 0.71 |
| EUR	UBS GROUP AG-REG-S-SUB 5.750%/VAR 15-PRP | 3 400 000.00 | 3 571 802.00 | 0.41 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.125%/VAR 18-PRP | 4 000 000.00 | 3 720 000.00 | 0.42 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S-SUB 2.500%/VAR 15-PRP | 2 200 000.00 | 2 222 000.00 | 0.25 |
| EUR	VOLKSWAGEN INTL FIN NV-REG-S-SUB 2.700%/VAR 17-PRP | 6 300 000.00 | 6 408 278.10 | 0.73 |
| EUR	VOLKSWAGEN INTL FINANCE NV-REG-S-SUB 3.375%/VAR 18-PRP | 5 300 000.00 | 5 538 500.00 | 0.63 |
| EUR	ZUERCHER KANTONALBANK-REG-S-SUB 2.625%/VAR 15-15.06.27 | 2 200 000.00 | 2 268 640.00 | 0.26 |
| Total EUR |  | 88 691 239.10 | 10.10 |
| Total des Obligations, taux variable |  | 88 691 239.10 | 10.10 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 853 658 064.72 | 97.21 |

OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée
Fonds d’investissement, ouvert
| Irlande |  |
| --- | --- |
| EUR | UBS (IRL) SELECT MONEY MARKET FUND-EUR-S-DIST | 1 509.19 | 14 946 281.65 | 1.70 |
| Total Irlande | 14 946 281.65 | 1.70 |
| Total des Fonds d’investissement, ouvert | 14 946 281.65 | 1.70 |
| Total des OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée | 14 946 281.65 | 1.70 |
| Total du Portefeuille-titres | 868 604 346.37 | 98.91 |

| Instruments dérivés |  |
| --- | --- |
| Instruments dérivés négociés sur une bourse officielle Contrats financiers à terme sur obligations |
|  |  |  |  |
| EUR	EURO-BUND FUTURE 08.12.20 | 190.00 | 44 600.00 | 0.01 |
| Total des Contrats financiers à terme sur obligations |  | 44 600.00 | 0.01 |
| Total des Instruments dérivés négociés sur une bourse officielle |  | 44 600.00 | 0.01 |
| Total des Instruments dérivés |  | 44 600.00 | 0.01 |
| Contrats de change à terme Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |  |

| CHF | 159 896 000.00 | EUR | 149 547 968.50 | 2.12.2020 | -1 895 306.56 | -0.22 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 4 692 325.10 | CHF | 5 017 400.00 | 2.12.2020 | 59 110.60 | 0.01 |
| EUR | 973 359.13 | CHF | 1 051 800.00 | 2.12.2020 | 2 096.12 | 0.00 |
| CHF | 4 476 100.00 | EUR | 4 142 212.80 | 2.12.2020 | -8 850.61 | 0.00 |
| CHF | 675 500.00 | EUR | 624 899.40 | 2.12.2020 | -1 122.86 | 0.00 |
| CHF | 1 766 500.00 | EUR | 1 635 853.69 | 2.12.2020 | -4 615.71 | 0.00 |
| Total des Contrats de change à terme | -1 848 689.02 | -0.21 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 21 884 177.20 | 2.49 |
| Autres actifs et passifs | -10 515 650.65 | -1.20 |
| Total de l’Actif net | 878 168 783.90 | 100.00 |
| UBS (Lux) Bond SICAV – EUR Corporates (EUR) Rapport semestriel au 30 novembre 2020 |  |  |