# UBS (Lux) Bond SICAV – EUR Corporates (EUR)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Net assets in EUR |  | 963 784 276.05 | 884 334 992.85 | 921 638 726.04 |
| Class F-acc | LU0981420374 |  |  |  |
| Shares outstanding |  | 128 500.0000 | 133 900.0000 | 273 871.7710 |
| Net asset value per share in EUR |  | 16.62 | 16.20 | 15.69 |
| Issue and redemption price per share in EUR 1 |  | 16.62 | 16.20 | 15.69 |
| Class P-acc | LU0162626096 |  |  |  |
| Shares outstanding |  | 2 701 300.4840 | 2 941 894.2290 | 3 399 115.4640 |
| Net asset value per share in EUR |  | 15.82 | 15.48 | 15.11 |
| Issue and redemption price per share in EUR 1 |  | 15.82 | 15.48 | 15.11 |
| Class (CHF hedged) P-acc | LU0776291147 |  |  |  |
| Shares outstanding |  | 39 416.4560 | 35 400.5030 | 51 368.3410 |
| Net asset value per share in CHF |  | 121.48 | 119.19 | 116.88 |
| Issue and redemption price per share in CHF 1 |  | 121.48 | 119.19 | 116.88 |
| Class Q-acc | LU0396343682 |  |  |  |
| Shares outstanding |  | 225 803.2430 | 344 465.2230 | 522 116.3770 |
| Net asset value per share in EUR |  | 111.90 | 109.21 | 106.07 |
| Issue and redemption price per share in EUR 1 |  | 111.90 | 109.21 | 106.07 |
| Class (CHF hedged) Q-acc | LU1240773892 |  |  |  |
| Shares outstanding |  | 26 736.2420 | 35 735.1030 | 33 561.4760 |
| Net asset value per share in CHF |  | 109.75 | 107.39 | 104.74 |
| Issue and redemption price per share in CHF 1 |  | 109.75 | 107.39 | 104.74 |
| Class U-X-acc | LU0396345034 |  |  |  |
| Shares outstanding |  | 60 342.0000 | 54 375.3590 | 61 098.5050 |
| Net asset value per share in EUR |  | 12 332.91 | 11 998.54 | 11 579.07 |
| Issue and redemption price per share in EUR 1 |  | 12 332.91 | 11 998.54 | 11 579.07 |
| Class (CHF hedged) U-X-acc | LU1383449839 |  |  |  |
| Shares outstanding |  | 14 314.0000 | 14 609.0000 | 10 499.0000 |
| Net asset value per share in CHF |  | 10 966.25 | 10 695.44 | 10 365.27 |
| Issue and redemption price per share in CHF 1 |  | 10 966.25 | 10 695.44 | 10 365.27 |
| 1  See note 1 |  |  |  |  |


## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
France	19.79
The Netherlands	19.27
United States	16.09
United Kingdom	13.07
Germany	8.02
Luxembourg	4.35
Spain	3.32
Switzerland	2.78
Ireland	2.27
Italy	1.66
Australia	1.52
Finland	1.43
Japan	1.25
Jersey	1.03
Singapore	0.58
Belgium	0.58
Sweden	0.56
Denmark	0.33
Austria	0.17
Total	98.07
Economic Breakdown as a % of net assets	
Banks & credit institutions	34.08
Finance & holding companies	27.97
Telecommunications	7.19
Energy & water supply	6.09
Insurance	4.99
Food & soft drinks	2.80
Petroleum	2.48
Building industry & materials	2.43
Tobacco & alcohol	2.34
Electrical devices & components	1.60
Aerospace industry	1.03
Pharmaceuticals, cosmetics & medical products	1.01
Miscellaneous services	0.83
Real Estate	0.80
Electronics & semiconductors	0.70
Internet, software & IT services	0.54
Vehicles	0.51
Mortgage & funding institutions	0.22
Traffic & transportation	0.17
Miscellaneous trading companies	0.17
Retail trade, department stores	0.12
Total	98.07
UBS (Lux) Bond SICAV – EUR Corporates (EUR) Semi-Annual Report as of 30 November 2019

## Statement of Net Assets
Assets	30.11.2019
EUR
Investments in securities, cost	919 975 600.10
| Investments in securities, unrealized appreciation (depreciation) | 	25 234 289.00	 |
| --- | --- |
| Total investments in securities (Note 1) | 945 209 889.10 |
| Cash at banks, deposits on demand and deposit accounts | 8 418 008.81 |
| Other liquid assets (Margins) | 184 732.80 |
| Receivable on securities sales (Note 1) | 2 673 164.23 |
| Receivable on subscriptions | 106 447.20 |
| Interest receivable on securities | 10 813 579.76 |
| Unrealized gain (loss) on financial futures (Note 1) | -42 350.00 |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | 89 608.46 |
| Total Assets | 967 453 080.36 |
|  |  |
| Liabilities |  |
| Bank overdraft | -227.57 |
| Payable on securities purchases (Note 1) | -3 198 156.56 |
| Payable on redemptions | -325 917.41 |
| Provisions for flat fee (Note 2) | -27 759.57 |
| Provisions for taxe d’abonnement (Note 3) | -20 664.83 |
| Provisions for other commissions and fees (Note 2) | 	-96 078.37	 |
| Total provisions | -144 502.77 |
| Total Liabilities | -3 668 804.31 |
|  |  |
| Net assets at the end of the period | 963 784 276.05 |
| Statement of Operations | EUR |
| Income | 1.6.2019-30.11.2019 |
| Interest on liquid assets | 119.14 |
| Interest on securities | 10 337 046.84 |
| Interest received on swaps (Note 1) | 28 888.89 |
| Income on securities lending (Note 13) | 157 180.83 |
| Other income (Note 4) | 884 001.25 |
| Total income | 11 407 236.95 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -174.56 |
| Flat fee (Note 2) | -388 280.08 |
| Taxe d’abonnement (Note 3) | -67 363.43 |
| Cost on securities lending (Note 13) | -62 872.33 |
| Other commissions and fees (Note 2) | -59 108.60 |
| Interest on cash and bank overdraft | -22 660.79 |
| Total expenses | -600 459.79 |
|  |  |
| Net income (loss) on investments | 10 806 777.16 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 993 231.83 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | -53 976.05 |
| Realized gain (loss) on financial futures | 58 904.20 |
| Realized gain (loss) on forward foreign exchange contracts | 5 498 560.13 |
| Realized gain (loss) on swaps | -122 041.06 |
| Realized gain (loss) on foreign exchange | -1 431 732.97 |
| Total realized gain (loss) | 4 942 946.08 |
|  |  |
| Net realized gain (loss) of the period | 15 749 723.24 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 12 276 880.82 |
| Unrealized appreciation (depreciation) on financial futures | -42 350.00 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -2 052 262.47 |
| Total changes in unrealized appreciation (depreciation) | 10 182 268.35 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 25 931 991.59 |

UBS (Lux) Bond SICAV – EUR Corporates (EUR) Semi-Annual Report as of 30 November 2019
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | EUR |
|  | 1.6.2019-30.11.2019 |
| Net assets at the beginning of the period | 884 334 992.85 |
| Subscriptions | 264 196 278.75 |
| Redemptions | 	-210 678 987.14	 |
| Total net subscriptions (redemptions) | 53 517 291.61 |
| Net income (loss) on investments | 10 806 777.16 |
| Total realized gain (loss) | 4 942 946.08 |
| Total changes in unrealized appreciation (depreciation) | 	10 182 268.35	 |
| Net increase (decrease) in net assets as a result of operations | 25 931 991.59 |
| Net assets at the end of the period | 963 784 276.05 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2019-30.11.2019 |
| Class | F-acc |
| Number of shares outstanding at the beginning of the period | 133 900.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -5 400.0000 |
| Number of shares outstanding at the end of the period | 128 500.0000 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 2 941 894.2290 |
| Number of shares issued | 312 440.5150 |
| Number of shares redeemed | -553 034.2600 |
| Number of shares outstanding at the end of the period | 2 701 300.4840 |
| Class | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 35 400.5030 |
| Number of shares issued | 4 976.5100 |
| Number of shares redeemed | -960.5570 |
| Number of shares outstanding at the end of the period | 39 416.4560 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 344 465.2230 |
| Number of shares issued | 22 809.6720 |
| Number of shares redeemed | -141 471.6520 |
| Number of shares outstanding at the end of the period | 225 803.2430 |
| Class | (CHF hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 35 735.1030 |
| Number of shares issued | 335.0000 |
| Number of shares redeemed | -9 333.8610 |
| Number of shares outstanding at the end of the period | 26 736.2420 |
| Class | U-X-acc |
| Number of shares outstanding at the beginning of the period | 54 375.3590 |
| Number of shares issued | 16 901.0000 |
| Number of shares redeemed | -10 934.3590 |
| Number of shares outstanding at the end of the period | 60 342.0000 |
| Class | (CHF hedged) U-X-acc |
| Number of shares outstanding at the beginning of the period | 14 609.0000 |
| Number of shares issued | 4 729.0000 |
| Number of shares redeemed | -5 024.0000 |
| Number of shares outstanding at the end of the period | 14 314.0000 |

UBS (Lux) Bond SICAV – EUR Corporates (EUR) 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 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	ENEL FINANCE INTERNATIONAL NV-REG-S 1.37500% 16-01.06.26 | 15 300 000.00 | 16 245 417.60 | 1.69 |
| EUR	FORD MOTOR CREDIT CO LLC 1.51400% 19-17.02.23 | 2 800 000.00 | 2 788 032.80 | 0.29 |
| EUR	PHILIP MORRIS INTERNATIONAL INC 2.75000% 13-19.03.25 | 1 700 000.00 | 1 898 407.00 | 0.20 |
| EUR	PHILIP MORRIS INTERNATIONAL INC 0.80000% 19-01.08.31 | 2 500 000.00 | 2 359 223.35 | 0.24 |
| Total EUR |  | 23 291 080.75 | 2.42 |
| Total Notes, fixed rate |  | 23 291 080.75 | 2.42 |
| Medium term notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ABN AMRO BANK NV-REG-S-SUB 7.12500% 12-06.07.22 | 5 300 000.00 | 6 225 189.20 | 0.65 |
| EUR	AIB GROUP PLC-REG-S 1.25000% 19-28.05.24 | 3 300 000.00 | 3 367 320.00 | 0.35 |
| EUR	ALLIANZ FINANCE II BV-REG-S 1.50000% 19-15.01.30 | 1 100 000.00 | 1 229 130.76 | 0.13 |
| EUR	ANGLO AMERICAN CAPITAL PLC-REG-S 1.62500% 17-18.09.25 | 4 400 000.00 | 4 581 720.00 | 0.48 |
| EUR	ASSICURAZIONI GENERALI SPA-REG-S-SUB 4.12500% 14-04.05.26 | 4 500 000.00 | 5 248 035.00 | 0.54 |
| EUR	AUTOSTRADE PER L’ITALIA SPA 4.37500% 10-16.09.25 | 1 500 000.00 | 1 619 383.50 | 0.17 |
| EUR	BANCO BILBAO VIZCAYA ARGENTARIA-REG-S 0.37500% 19-02.10.24 | 8 500 000.00 | 8 441 945.00 | 0.88 |
| EUR	BANK OF AMERICA CORP-REG-S 1.37500% 15-26.03.25 | 7 900 000.00 | 8 366 242.20 | 0.87 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S 1.25000% 15-14.01.25 | 2 900 000.00 | 3 051 240.80 | 0.32 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S 1.62500% 16-19.01.26 | 6 400 000.00 | 6 922 240.00 | 0.72 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S-SUB 2.37500% 16-24.03.26 | 7 500 000.00 | 8 207 505.00 | 0.85 |
| EUR	BANQUE FEDERATIVE DU CREDIT MUTUEL 2.62500% 14-18.03.24 | 3 800 000.00 | 4 205 156.00 | 0.44 |
| EUR	BARCLAYS BANK PLC-SUB 6.62500% 11-30.03.22 | 3 500 000.00 | 4 004 700.00 | 0.42 |
| EUR	BAT INTERNATIONAL FINANCE PLC-REG-S 0.87500% 15-13.10.23 | 2 600 000.00 | 2 640 346.80 | 0.27 |
| EUR	BAT INTERNATIONAL FINANCE PLC-REG-S 2.25000% 17-16.01.30 | 7 600 000.00 | 7 849 523.20 | 0.81 |
| EUR	BMW FINANCE NV-REG-S 2.62500% 14-17.01.24 | 3 700 000.00 | 4 077 770.00 | 0.42 |
| EUR	BMW FINANCE NV-REG-S 0.75000% 16-15.04.24 | 600 000.00 | 615 250.80 | 0.06 |
| EUR	BNP PARIBAS SA-REG-S 1.50000% 17-17.11.25 | 4 900 000.00 | 5 186 973.40 | 0.54 |
| EUR	BNP PARIBAS SA-REG-S 1.12500% 18-11.06.26 | 6 200 000.00 | 6 433 194.40 | 0.67 |
| EUR	BNP PARIBAS-REG-S 1.12500% 18-22.11.23 | 2 500 000.00 | 2 583 950.00 | 0.27 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 1.57300% 15-16.02.27 | 2 700 000.00 | 2 914 898.40 | 0.30 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 1.63700% 17-26.06.29 | 4 800 000.00 | 5 237 952.00 | 0.54 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 1.59400% 18-03.07.28 | 4 000 000.00 | 4 334 880.00 | 0.45 |
| EUR	BRITISH TELECOMMUNICATIONS PLC-REG-S 1.75000% 16-10.03.26 | 2 000 000.00 | 2 111 136.00 | 0.22 |
| EUR	BRITISH TELECOMMUNICATIONS PLC-REG-S 1.12500% 16-10.03.23 | 2 800 000.00 | 2 884 089.60 | 0.30 |
| EUR	CASINO GUICHARD PERRACHON SA-REG-S 1.86500% 17-13.06.22 | 1 200 000.00 | 1 152 360.00 | 0.12 |
| EUR	CIE DE SAINT-GOBAIN SA-REG-S 1.87500% 19-15.03.31 | 9 000 000.00 | 9 958 842.00 | 1.03 |
| EUR	CIE DE SAINT-GOBAIN-REG-S 1.12500% 18-23.03.26 | 2 900 000.00 | 3 026 103.60 | 0.31 |
| EUR	CITIGROUP INC-REG-S 2.12500% 14-10.09.26 | 3 200 000.00 | 3 547 808.00 | 0.37 |
| EUR	CITIGROUP INC-REG-S 1.50000% 16-26.10.28 | 9 300 000.00 | 9 990 952.80 | 1.04 |
| EUR	COCA-COLA HBC FINANCE BV-REG-S 1.87500% 16-11.11.24 | 1 600 000.00 | 1 735 468.80 | 0.18 |
| EUR	CREDIT AGRICOLE SA LONDON 2.37500% 14-20.05.24 | 8 000 000.00 | 8 809 744.00 | 0.91 |
| EUR	CREDIT AGRICOLE SA LONDON-REG-S 1.87500% 16-20.12.26 | 10 700 000.00 | 11 659 790.00 | 1.21 |
| EUR	DEUTSCHE BANK AG-REG-S 1.12500% 15-17.03.25 | 1 700 000.00 | 1 684 190.00 | 0.17 |
| EUR	DEUTSCHE BANK AG-REG-S 1.62500% 19-12.02.21 | 5 500 000.00 | 5 558 022.80 | 0.58 |
| EUR	DEUTSCHE BANK-REG-S 2.37500% 13-11.01.23 | 6 900 000.00 | 7 170 217.80 | 0.74 |
| EUR	DEUTSCHE TELEKOM INTL FINANCE BV-REG-S 1.50000% 16-03.04.28 | 6 200 000.00 | 6 667 790.00 | 0.69 |
| EUR	DEUTSCHE TELEKOM INTL FIN BV-REG-S 2.00000% 18-01.12.29 | 4 800 000.00 | 5 388 480.00 | 0.56 |
| EUR	DIAGEO FINANCE PLC-REG-S 1.75000% 14-23.09.24 | 11 300 000.00 | 12 193 378.00 | 1.27 |
| EUR	ENAGAS FINANCIACIONES SAU-REG-S 1.25000% 15-06.02.25 | 9 900 000.00 | 10 413 334.80 | 1.08 |
| EUR	ENGIE SA-REG-S 2.37500% 14-19.05.26 | 1 800 000.00 | 2 061 118.80 | 0.21 |
| EUR	EUROGRID GMBH-REG-S 1.50000% 16-18.04.28 | 7 400 000.00 | 7 959 366.00 | 0.83 |
| EUR	FORD MOTOR CREDIT CO LLC 3.02100% 19-06.03.24 | 3 100 000.00 | 3 240 053.04 | 0.34 |
| EUR	GAS NATURAL CAPITAL MARKETS SA 5.12500% 09-02.11.21 | 1 600 000.00 | 1 760 707.20 | 0.18 |
| EUR	GE CAPITAL EUROPEAN FUNDING 4.35000% 06-03.11.21 | 5 700 000.00 | 6 145 015.53 | 0.64 |
| EUR	GE CAPITAL EUROPEAN FUNDING 4.62500% 07-22.02.27 | 2 800 000.00 | 3 492 160.00 | 0.36 |
| EUR	GE CAPITAL EUROPEAN FUNDING-REG-S 0.80000% 15-21.01.22 | 5 800 000.00 | 5 868 324.00 | 0.61 |
| EUR	GENERAL MOTORS FINANCIAL CO INC-REG-S 0.95500% 16-07.09.23 | 4 400 000.00 | 4 417 705.60 | 0.46 |
| EUR	GENERAL MOTORS FINANCIAL CO INC-REG-S 1.69400% 18-26.03.25 | 6 900 000.00 | 7 039 407.60 | 0.73 |
| EUR	GLENCORE FINANCE EUROPE SA-REG-S 1.25000% 15-17.03.21 | 600 000.00 | 606 900.00 | 0.06 |
| EUR	GLENCORE FINANCE EUROPE SA-REG-S 1.75000% 15-17.03.25 | 10 900 000.00 | 11 298 089.80 | 1.17 |
| EUR	GOLDMAN SACHS GROUP INC 2.87500% 14-03.06.26 | 3 700 000.00 | 4 238 993.80 | 0.44 |
| EUR	GOLDMAN SACHS GROUP INC/THE-REG-S 2.12500% 14-30.09.24 | 3 200 000.00 | 3 465 504.00 | 0.36 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 1.62500% 16-27.07.26 | 5 100 000.00 | 5 434 335.60 | 0.56 |
| EUR	HEATHROW FUNDING LTD-REG-S 1.87500% 14-23.05.22 | 2 100 000.00 | 2 194 071.60 | 0.23 |
| EUR	HEATHROW FUNDING LTD-REG-S 1.50000% 15-11.02.30 | 7 300 000.00 | 7 742 219.40 | 0.80 |
| EUR	HEIDELBERGCEMENT AG-REG-S 1.50000% 16-07.02.25 | 3 400 000.00 | 3 551 150.40 | 0.37 |
| EUR	HOLCIM FINANCE LUXEMBOURG SA-REG-S 2.25000% 16-26.05.28 | 1 700 000.00 | 1 888 870.00 | 0.20 |
| EUR	HSBC HOLDINGS PLC-SUB 3.00000% 15-30.06.25 | 5 600 000.00 | 6 268 449.60 | 0.65 |
| EUR	HSBC HOLDINGS PLC-SUB 3.12500% 16-07.06.28 | 3 500 000.00 | 4 098 955.00 | 0.43 |
| EUR	INNOGY FINANCE II BV-REG-S 5.75000% 03-14.02.33 | 2 800 000.00 | 4 468 940.00 | 0.46 |
| EUR	J.P.MORGAN CHASE & CO 2.75000% 12-24.08.22 | 1 700 000.00 | 1 826 405.20 | 0.19 |
| EUR	JPMORGAN CHASE & CO-REG-S 1.50000% 15-27.01.25 | 7 700 000.00 | 8 193 416.00 | 0.85 |
| EUR	JPMORGAN CHASE & CO-REG-S 1.50000% 16-29.10.26 | 4 000 000.00 | 4 323 104.00 | 0.45 |
| EUR	KONINKLIJKE KPN NV-REG-S 1.12500% 16-11.09.28 | 900 000.00 | 930 294.00 | 0.10 |
| EUR	LANDESBANK BADEN-WUERTTEMBERG-REG-S-SUB 3.62500% 15-16.06.25 | 4 400 000.00 | 5 066 413.44 | 0.53 |
| EUR	LLOYDS BANK PLC-REG-S 1.25000% 15-13.01.25 | 1 900 000.00 | 2 001 403.00 | 0.21 |
| EUR	LOGICOR FINANCING SARL-REG-S 3.25000% 18-13.11.28 | 4 900 000.00 | 5 502 945.00 | 0.57 |
| EUR	LOGICOR FINANCING SARL-REG-S 1.62500% 19-15.07.27 | 6 400 000.00 | 6 484 928.00 | 0.67 |
| EUR	MORGAN STANLEY 1.75000% 15-30.01.25 | 9 000 000.00 | 9 631 980.00 | 1.00 |
| EUR	MORGAN STANLEY 1.87500% 17-27.04.27 | 3 900 000.00 | 4 264 057.20 | 0.44 |
| EUR	NATWEST MARKETS PLC-REG-S 1.00000% 19-28.05.24 | 5 100 000.00 | 5 175 545.28 | 0.54 |
| EUR	ORANGE SA 1.12500% 19-15.07.24 | 2 700 000.00 | 2 817 882.00 | 0.29 |
| EUR	ORANGE SA-REG-S 1.00000% 18-12.09.25 | 5 600 000.00 | 5 840 508.80 | 0.61 |

UBS (Lux) Bond SICAV – EUR Corporates (EUR) Semi-Annual Report as of 30 November 2019
|  | Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| EUR | ORANGE SA-REG-S 1.37500% 18-20.03.28 | 5 700 000.00 | 6 111 597.00 | 0.63 |
| EUR | PHILIP MORRIS INTERNATIONAL INC 2.87500% 14-03.03.26 | 6 150 000.00 | 7 009 241.10 | 0.73 |
| EUR | RABOBANK NEDERLAND NV 2.37500% 13-22.05.23 | 1 500 000.00 | 1 623 498.00 | 0.17 |
| EUR | RAIFFEISEN BANK INTL AG-SUB 6.62500% 11-18.05.21 | 1 500 000.00 | 1 640 196.00 | 0.17 |
| EUR | REPSOL INTERNATIONAL FINANCE BV-REG-S 2.25000% 14-10.12.26 | 3 200 000.00 | 3 635 782.40 | 0.38 |
| EUR | SANOFI-REG-S 1.37500% 18-21.03.30 | 4 900 000.00 | 5 431 865.60 | 0.56 |
| EUR | SANTANDER CONSUMER FINANCE SA-REG-S 0.87500% 18-30.05.23 | 3 700 000.00 | 3 783 250.00 | 0.39 |
| EUR | SCHAEFFLER AG-REG-S 1.87500% 19-26.03.24 | 3 200 000.00 | 3 327 040.00 | 0.35 |
| EUR | SCHAEFFLER AG-REG-S 2.87500% 19-26.03.27 | 1 500 000.00 | 1 622 100.00 | 0.17 |
| EUR | SHELL INTERNATIONAL FINANCE BV 2.50000% 14-24.03.26 | 7 200 000.00 | 8 314 444.80 | 0.86 |
| EUR | SHELL INTERNATIONAL FINANCE BV-REG-S 1.62500% 14-20.01.27 | 1 800 000.00 | 1 987 070.40 | 0.21 |
| EUR | SKY PLC-REG-S 2.50000% 14-15.09.26 | 4 200 000.00 | 4 789 394.40 | 0.50 |
| EUR | SOCIETE GENERALE SA-REG-S 0.75000% 16-26.05.23 | 3 300 000.00 | 3 378 460.80 | 0.35 |
| EUR | SOCIETE GENERALE-REG-S 1.12500% 18-23.01.25 | 500 000.00 | 514 070.00 | 0.05 |
| EUR | SOCIETE GENERALE-REG-S 1.25000% 19-15.02.24 | 4 300 000.00 | 4 439 560.80 | 0.46 |
| EUR | SUMITOMO MITSUI FIN GP INC-REG-S 0.81900% 18-23.07.23 | 11 800 000.00 | 12 050 042.00 | 1.25 |
| EUR | TELEFONICA EMISIONES SAU 3.98700% 13-23.01.23 | 900 000.00 | 1 010 223.00 | 0.11 |
| EUR | TELEFONICA EMISIONES SA-REG-S 1.46000% 16-13.04.26 | 4 100 000.00 | 4 368 845.20 | 0.45 |
| EUR | UBS GROUP AG-REG-S 1.25000% 16-01.09.26 | 2 000 000.00 | 2 104 300.00 | 0.22 |
| EUR | UNICREDITO ITALIANO SPA 1.00000% 18-18.01.23 | 9 100 000.00 | 9 180 927.21 | 0.95 |
| EUR | VEOLIA ENVIRONNEMENT-REG-S 0.89200% 19-14.01.24 | 3 500 000.00 | 3 608 850.00 | 0.37 |
| EUR | VERIZON COMMUNICATIONS INC 3.25000% 14-17.02.26 | 2 800 000.00 | 3 294 457.60 | 0.34 |
| EUR | VINCI SA-REG-S 1.62500% 19-18.01.29 | 6 200 000.00 | 6 884 666.00 | 0.71 |
| EUR | VODAFONE GROUP PLC-REG-S 1.60000% 16-29.07.31 | 2 300 000.00 | 2 411 985.39 | 0.25 |
| EUR | VODAFONE GROUP PLC-REG-S 1.50000% 17-24.07.27 | 4 600 000.00 | 4 920 647.60 | 0.51 |
| EUR | VOLKSWAGEN FINANCIAL SERVICES AG 1.37500% 18-16.10.23 | 2 000 000.00 | 2 064 520.00 | 0.21 |
| EUR | VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 1.62500% 15-16.01.30 | 2 250 000.00 | 2 313 531.00 | 0.24 |
| EUR | VOLKSWAGEN LEASING GMBH-REG-S 1.12500% 17-04.04.24 | 3 900 000.00 | 3 979 170.00 | 0.41 |
| EUR | VONOVIA FINANCE BV-REG-S 0.87500% 18-03.07.23 | 2 200 000.00 | 2 248 637.60 | 0.23 |
| EUR | VONOVIA FINANCE BV-REG-S 0.62500% 19-07.10.27 | 500 000.00 | 493 902.20 | 0.05 |
| EUR | WELLS FARGO & CO-REG-S 2.62500% 12-16.08.22 | 4 400 000.00 | 4 703 864.00 | 0.49 |
| Total EUR |  |  | 493 841 613.65 | 51.24 |
| Total Medium term notes, fixed rate |  | 493 841 613.65 | 51.24 |
| 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 | 2 179 316.00 | 0.23 |
| EUR	ALLIANZ SE-REG-S-SUB 4.750%/3M EURIBOR+360BP 13-PRP | 8 100 000.00 | 9 323 553.60 | 0.97 |
| EUR	AVIVA PLC-REG-S-SUB 3.375%/VAR 15-04.12.45 | 5 900 000.00 | 6 481 610.20 | 0.67 |
| EUR	AVIVA PLC-SUB 6.125%/VAR 13-05.07.43 | 2 600 000.00 | 3 046 680.00 | 0.32 |
| EUR	AXA SA-REG-S-SUB 3.375%/VAR 16-06.07.47 | 2 900 000.00 | 3 314 653.60 | 0.34 |
| EUR	AXA SA-REG-S-SUB 3.941%/VAR 14-PRP | 4 400 000.00 | 4 954 048.00 | 0.51 |
| EUR	BANK OF IRELAND GROUP PLC-REG-S 0.750%/VAR 19-08.07.24 | 3 000 000.00 | 2 994 270.00 | 0.31 |
| EUR	BARCLAYS PLC-REG-S 1.375%/VAR 18-24.01.26 | 3 600 000.00 | 3 703 651.20 | 0.38 |
| EUR	BNP PARIBAS-REG-S 2.125%/VAR 19-23.01.27 | 3 000 000.00 | 3 271 110.00 | 0.34 |
| EUR	CITIGROUP INC-SUB 4.250%/FLR 05-25.02.30 | 2 600 000.00 | 3 061 110.00 | 0.32 |
| EUR	COMMONWEALTH BK OF AUSTRLIA-REG-S-SUB 1.936%/VAR 17-03.10.29 | 5 800 000.00 | 6 013 672.00 | 0.62 |
| EUR	DANONE SA-REG-S-SUB 1.750%/VAR 17-PRP | 6 300 000.00 | 6 404 076.00 | 0.66 |
| EUR	DANSKE BANK AS-REG-S-SUB 2.500%/VAR 19-21.06.29 | 3 000 000.00 | 3 154 594.80 | 0.33 |
| EUR	DBS GROUP HOLDINGS LTD-REG-S-SUB 1.500%/VAR 18-11.04.28 | 5 500 000.00 | 5 570 539.15 | 0.58 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 4.125%/VAR 14-PRP | 3 800 000.00 | 4 065 734.00 | 0.42 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.000%/VAR 14-PRP | 4 300 000.00 | 4 881 635.20 | 0.51 |
| EUR	ENBW ENERGIE BADEN-WUERTT-REG-S-SUB 3.625%/VAR 14-02.04.76 | 3 200 000.00 | 3 326 042.56 | 0.34 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 14 500 000.00 | 15 388 125.00 | 1.60 |
| EUR	ING BANK NV-SUB 3.625%/VAR 14-25.02.26 | 15 500 000.00 | 16 149 760.00 | 1.67 |
| EUR	ING GROEP NV-SUB 3.000%/VAR 17-11.04.28 | 4 700 000.00 | 5 068 198.00 | 0.53 |
| EUR	LA BANQUE POSTALE-REG-S-SUB-2.750%/VAR 14-23.04.26 | 6 400 000.00 | 6 613 580.80 | 0.69 |
| EUR	NORDEA BANK ABP-REG-S-SUB 1.000%/VAR 16-07.09.26 | 13 600 000.00 | 13 765 920.00 | 1.43 |
| EUR	SVENSKA HANDELSBANKEN AB-REG-S-SUB 1.625%/VAR 18-05.03.29 | 5 200 000.00 | 5 432 367.20 | 0.56 |
| EUR	TOTAL SA-REG-S-SUB 2.250%/VAR 15-PRP | 15 500 000.00 | 15 823 950.00 | 1.64 |
| EUR	TOTAL SA-REG-S-SUB 3.369%/VAR 16-PRP | 7 100 000.00 | 8 069 718.00 | 0.84 |
| EUR	UBS AG-REG-S-SUB 4.750%/VAR 14-12.02.26 | 9 800 000.00 | 10 277 750.00 | 1.07 |
| Total EUR |  | 172 335 665.31 | 17.88 |
| Total Medium term notes, floating rate |  | 172 335 665.31 | 17.88 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ALTRIA GROUP INC 3.12500% 19-15.06.31 | 2 300 000.00 | 2 519 981.20 | 0.26 |
| EUR	ARGENTUM NETHERLANDS BV FOR GIV-REG-S 2.00000% 18-17.09.30 | 6 900 000.00 | 7 842 995.40 | 0.81 |
| EUR	AT&T INC 1.80000% 18-05.09.26 | 1 500 000.00 | 1 613 070.00 | 0.17 |
| EUR	AT&T INC 2.60000% 14-17.12.29 | 6 600 000.00 | 7 584 984.00 | 0.79 |
| EUR	AT&T INC 3.50000% 13-17.12.25 | 7 000 000.00 | 8 234 604.00 | 0.85 |
| EUR	BAYER CAPITAL CORP BV-REG-S 1.50000% 18-26.06.26 | 3 400 000.00 | 3 598 832.00 | 0.37 |
| EUR	BAYER CAPITAL CORP BV-REG-S 2.12500% 18-15.12.29 | 2 600 000.00 | 2 868 855.60 | 0.30 |
| EUR	BELFIUS BANK SA/NV-REG-S-SUB 3.12500% 16-11.05.26 | 4 900 000.00 | 5 549 152.00 | 0.58 |
| EUR	BNP PARIBAS-REG-S 1.12500% 19-28.08.24 | 2 500 000.00 | 2 586 135.00 | 0.27 |
| EUR	COCA-COLA EUROPEAN PARTNERS PLC-REG-S 0.75000% 16-24.02.22 | 500 000.00 | 508 166.00 | 0.05 |
| EUR	COCA-COLA EUROPEAN PARTNERS PLC-REG-S 1.75000% 16-26.05.28 | 9 500 000.00 | 10 459 576.00 | 1.08 |
| EUR	CREDIT AGRICOLE SA-REG-S-SUB 2.62500% 15-17.03.27 | 2 900 000.00 | 3 249 521.92 | 0.34 |
| EUR	GIE PSA TRESORERIE 6.00000% 03-19.09.33 | 1 100 000.00 | 1 608 222.00 | 0.17 |
| EUR	HSBC HOLDINGS PLC-REG-S 0.87500% 16-06.09.24 | 1 700 000.00 | 1 742 350.40 | 0.18 |
| EUR	IMPERIAL BRANDS FINANCE PLC-REG-S 1.37500% 17-27.01.25 | 6 500 000.00 | 6 637 605.00 | 0.69 |
| EUR	LANDESBANK BADEN-WUERTTEMBERG-REG-S-SUB 2.87500% 16-28.09.26 | 2 900 000.00 | 3 239 880.00 | 0.34 |
| EUR	MOLSON COORS BREWING CO 1.25000% 16-15.07.24 | 8 600 000.00 | 8 815 154.80 | 0.91 |
| EUR	MONDELEZ INTL 1.00000% 15-07.03.22 | 7 800 000.00 | 7 971 444.00 | 0.83 |
| EUR	MONDELEZ INTL 1.62500% 16-20.01.23 | 1 600 000.00 | 1 675 904.00 | 0.17 |
| EUR	MORGAN STANLEY 1.87500% 14-30.03.23 | 2 600 000.00 | 2 749 396.00 | 0.29 |
| EUR	RABOBANK NEDERLAND NV 4.12500% 10-14.07.25 | 6 050 000.00 | 7 419 320.70 | 0.77 |
| EUR	SAP SE-REG-S 1.62500% 18-10.03.31 | 4 600 000.00 | 5 163 868.00 | 0.54 |
| EUR	THERMO FISHER SCIENTIFIC INC 0.75000% 16-12.09.24 | 6 600 000.00 | 6 751 694.40 | 0.70 |
| EUR	VERIZON COMMUNICATIONS INC 1.87500% 17-26.10.29 | 3 700 000.00 | 4 088 352.00 | 0.42 |

UBS (Lux) Bond SICAV – EUR Corporates (EUR) Semi-Annual Report as of 30 November 2019
|  | Description | Quantity/ | Valuation in EUR | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| EUR | VONOVIA FINANCE BV-REG-S 0.75000% 18-15.01.24 | 200 000.00 | 203 622.00 | 0.02 |
| EUR | VONOVIA FINANCE BV-REG-S 1.50000% 18-14.01.28 | 4 300 000.00 | 4 540 800.00 | 0.47 |
| EUR | VONOVIA FINANCE BV-REG-S 1.50000% 18-22.03.26 | 200 000.00 | 210 712.00 | 0.02 |
| EUR | WINTERSHALL DEA FINANCE-REG-S 1.82300% 19-25.09.31 | 8 300 000.00 | 8 546 630.35 | 0.89 |
| Total EUR |  |  | 127 980 828.77 | 13.28 |
| Total Bonds, fixed rate |  | 127 980 828.77 | 13.28 |
| Bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	ALLIANDER NV-REG-S-SUB 1.625%/VAR 18-PRP | 8 900 000.00 | 9 329 158.00 | 0.97 |
| EUR	ALLIANZ SE-REG-S-SUB 1.301%/3M EURIBOR+235BP 19-25.09.49 | 5 100 000.00 | 5 060 373.00 | 0.53 |
| EUR	BANCO BILBALO VIZCAYA ARGENT-REG-S-SUB 8.875%/VAR 16-PRP | 2 000 000.00 | 2 197 500.00 | 0.23 |
| EUR	BHP BILLITON FINANCE LTD-REG-S-SUB 5.625%/VAR 15-22.10.79 | 7 100 000.00 | 8 608 750.00 | 0.89 |
| EUR	BNP PARIBAS SA-REG-S-SUB 6.125%/VAR 15-PRP | 2 000 000.00 | 2 225 220.00 | 0.23 |
| EUR	DEUTSCHE BAHN FINANCE GMBH-REG-S-SUB 0.950%/VAR 19-PRP | 4 800 000.00 | 4 820 764.80 | 0.50 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 4.000%/VAR 18-PRP | 4 300 000.00 | 4 660 125.00 | 0.48 |
| EUR	ENGIE SA-REG-S-SUB 1.375%/VAR 18-PRP | 5 400 000.00 | 5 425 002.00 | 0.56 |
| EUR	ENGIE SA-REG-S-SUB 3.87500%/VAR 14-PRP | 6 800 000.00 | 7 576 424.00 | 0.79 |
| EUR	HOLCIM FINANCE LUXEMBOURG SA-REG-S-SUB 3.000%/VAR 19-PRP | 8 500 000.00 | 8 882 500.00 | 0.92 |
| EUR	MERCK KGAA-REG-S-SUB 2.625%/VAR 14-12.12.74 | 4 200 000.00 | 4 341 015.00 | 0.45 |
| EUR	RABOBANK NEDERLAND NV-REG-S-SUB 2.500%/VAR 14-26.05.26 | 8 700 000.00 | 8 985 604.47 | 0.93 |
| EUR	SOCIETE GENERALE-REG-S-SUB 6.750%/VAR 14-PRP | 2 100 000.00 | 2 242 665.60 | 0.23 |
| EUR	SSE PLC-REG-S-SUB 2.375%/VAR 15-PRP | 3 300 000.00 | 3 361 820.55 | 0.35 |
| EUR	SWISS RE FINANCE LUX SA-REG-S-SUB 2.534%/VAR 19-30.04.50 | 6 600 000.00 | 7 273 794.00 | 0.75 |
| EUR	TELEFONICA EUROPE BV-REG-S-SUB 3.000%/VAR 18-PRP | 6 100 000.00 | 6 328 750.00 | 0.66 |
| EUR	UBS GROUP AG-REG-S 1.250%/VAR 18-17.04.25 | 2 000 000.00 | 2 076 400.00 | 0.22 |
| EUR	UBS GROUP AG-REG-S-SUB 5.750%/VAR 15-PRP | 2 700 000.00 | 2 943 270.00 | 0.31 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S-SUB 2.500%/VAR 15-PRP | 2 200 000.00 | 2 255 000.00 | 0.23 |
| EUR	VOLKSWAGEN INTL FIN NV-REG-S-SUB 2.700%/VAR 17-PRP | 6 300 000.00 | 6 495 363.00 | 0.67 |
| EUR	VOLKSWAGEN INTL FINANCE NV-REG-S-SUB 3.375%/VAR 18-PRP | 7 800 000.00 | 8 236 800.00 | 0.85 |
| EUR	VOLKSWAGEN INTL FINANCE NV-REG-S-SUB 4.625%/VAR 18-PRP | 1 700 000.00 | 1 898 362.80 | 0.20 |
| EUR	ZUERCHER KANTONALBANK-REG-S-SUB 2.625%/VAR 15-15.06.27 | 9 000 000.00 | 9 423 828.00 | 0.98 |
| Total EUR |  | 124 648 490.22 | 12.93 |
| Total Bonds, floating rate |  | 124 648 490.22 | 12.93 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 942 097 678.70 | 97.75 |

Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market
Medium term notes, fixed rate
| EUR |  |
| --- | --- |
| EUR | BNP PARIBAS SA-REG-S 1.50000% 17-23.05.28 | 2 900 000.00 | 3 112 210.40 | 0.32 |
| Total EUR |  |  | 3 112 210.40 | 0.32 |
| Total Medium term notes, fixed rate |  | 3 112 210.40 | 0.32 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market |  | 3 112 210.40 | 0.32 |
| Total investments in securities |  | 945 209 889.10 | 98.07 |
| Derivative instruments |  |  |  |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Financial Futures on bonds |  |  |  |
|  |  |  |  |
| EUR	EURO-BUND FUTURE 06.12.19 | 70.00 | -42 350.00 | 0.00 |
| Total Financial Futures on bonds |  | -42 350.00 | 0.00 |
| Total Derivative instruments listed on an official stock exchange |  | -42 350.00 | 0.00 |
| Total Derivative instruments |  | -42 350.00 | 0.00 |
| Forward Foreign Exchange contracts |  |  |  |
| Forward Foreign Exchange contracts (Purchase/Sale) |  |  |  |

| CHF | 215 016 800.00 | EUR | 195 102 829.76 | 3.12.2019 | 32 896.53 | 0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 2 042 068.15 | CHF | 2 238 500.00 | 3.12.2019 | 10 546.32 | 0.00 |
| EUR | 46 526 012.71 | CHF | 50 930 300.00 | 3.12.2019 | 304 875.20 | 0.03 |
| CHF | 161 848 000.00 | EUR | 147 206 877.56 | 7.1.2020 | -258 709.59 | -0.03 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | 89 608.46 | 0.01 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 8 602 741.61 | 0.89 |
| Bank overdraft and other short-term liabilities | -227.57 | 0.00 |
| Other assets and liabilities | 9 924 614.45 | 1.03 |
| Total net assets | 963 784 276.05 | 100.00 |

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

Translation (ENDE, 2019-11-30):
# UBS (Lux) Bond SICAV – EUR Corporates (EUR)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Nettovermögen in EUR |  | 963 784 276.05 | 884 334 992.85 | 921 638 726.04 |
| Klasse F-acc | LU0981420374 |  |  |  |
| Aktien im Umlauf |  | 128 500.0000 | 133 900.0000 | 273 871.7710 |
| Nettoinventarwert pro Aktie in EUR |  | 16.62 | 16.20 | 15.69 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 16.62 | 16.20 | 15.69 |
| Klasse P-acc | LU0162626096 |  |  |  |
| Aktien im Umlauf |  | 2 701 300.4840 | 2 941 894.2290 | 3 399 115.4640 |
| Nettoinventarwert pro Aktie in EUR |  | 15.82 | 15.48 | 15.11 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 15.82 | 15.48 | 15.11 |
| Klasse (CHF hedged) P-acc | LU0776291147 |  |  |  |
| Aktien im Umlauf |  | 39 416.4560 | 35 400.5030 | 51 368.3410 |
| Nettoinventarwert pro Aktie in CHF |  | 121.48 | 119.19 | 116.88 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 121.48 | 119.19 | 116.88 |
| Klasse Q-acc | LU0396343682 |  |  |  |
| Aktien im Umlauf |  | 225 803.2430 | 344 465.2230 | 522 116.3770 |
| Nettoinventarwert pro Aktie in EUR |  | 111.90 | 109.21 | 106.07 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 111.90 | 109.21 | 106.07 |
| Klasse (CHF hedged) Q-acc | LU1240773892 |  |  |  |
| Aktien im Umlauf |  | 26 736.2420 | 35 735.1030 | 33 561.4760 |
| Nettoinventarwert pro Aktie in CHF |  | 109.75 | 107.39 | 104.74 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 109.75 | 107.39 | 104.74 |
| Klasse U-X-acc | LU0396345034 |  |  |  |
| Aktien im Umlauf |  | 60 342.0000 | 54 375.3590 | 61 098.5050 |
| Nettoinventarwert pro Aktie in EUR |  | 12 332.91 | 11 998.54 | 11 579.07 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 12 332.91 | 11 998.54 | 11 579.07 |
| Klasse (CHF hedged) U-X-acc | LU1383449839 |  |  |  |
| Aktien im Umlauf |  | 14 314.0000 | 14 609.0000 | 10 499.0000 |
| Nettoinventarwert pro Aktie in CHF |  | 10 966.25 | 10 695.44 | 10 365.27 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 10 966.25 | 10 695.44 | 10 365.27 |
| 1  Siehe Erläuterung 1 |  |  |  |  |


## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
Frankreich	19.79
Niederlande	19.27
Vereinigte Staaten	16.09
Grossbritannien	13.07
Deutschland	8.02
Luxemburg	4.35
Spanien	3.32
Schweiz	2.78
Irland	2.27
Italien	1.66
Australien	1.52
Finnland	1.43
Japan	1.25
Jersey	1.03
Singapur	0.58
Belgien	0.58
Schweden	0.56
Dänemark	0.33
Österreich	0.17
Total	98.07
Wirtschaftliche Aufteilung in % des Nettovermögens	
Banken & Kreditinstitute	34.08
Finanz- & Beteiligungsgesellschaften	27.97
Telekommunikation	7.19
Energie- & Wasserversorgung	6.09
Versicherungen	4.99
Nahrungsmittel & Softdrinks	2.80
Erdöl	2.48
Baugewerbe & Baumaterial	2.43
Tabak & alkoholische Getränke	2.34
Elektrische Geräte & Komponenten	1.60
Flugzeug- & Raumfahrtindustrie	1.03
Pharmazeutik, Kosmetik & medizinische Produkte	1.01
Diverse Dienstleistungen	0.83
Immobilien	0.80
Elektronik & Halbleiter	0.70
Internet, Software & IT-Dienste	0.54
Fahrzeuge	0.51
Pfandbriefinstitute & Refinanzierungsgesellschaften	0.22
Verkehr & Transport	0.17
Diverse Handelsfirmen	0.17
Detailhandel, Warenhäuser	0.12
Total	98.07
UBS (Lux) Bond SICAV – EUR Corporates (EUR) Halbjahresbericht per 30. November 2019

## Nettovermögensaufstellung
Aktiva	30.11.2019
EUR
Wertpapierbestand, Einstandswert	919 975 600.10
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	25 234 289.00	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 945 209 889.10 |
| Bankguthaben, Sicht- und Fristgelder | 8 418 008.81 |
| Andere liquide Mittel (Margins) | 184 732.80 |
| Forderungen aus Wertpapierverkäufen (Erläuterung 1) | 2 673 164.23 |
| Forderungen aus Zeichnungen | 106 447.20 |
| Zinsforderungen aus Wertpapieren | 10 813 579.76 |
| Nicht realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten (Erläuterung 1) | -42 350.00 |
| Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1) | 89 608.46 |
| Total Aktiva | 967 453 080.36 |
|  |  |
| Passiva |  |
| Kontokorrentkredit | -227.57 |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -3 198 156.56 |
| Verbindlichkeiten aus Rücknahmen | -325 917.41 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -27 759.57 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -20 664.83 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-96 078.37	 |
| Total Rückstellungen für Aufwendungen | -144 502.77 |
| Total Passiva | -3 668 804.31 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 963 784 276.05 |
| Ertrags- und Aufwandsrechnung | EUR |
| Erträge | 1.6.2019-30.11.2019 |
| Zinsertrag auf liquide Mittel | 119.14 |
| Zinsen auf Wertpapiere | 10 337 046.84 |
| Zinsertrag auf Swaps (Erläuterung 1) | 28 888.89 |
| Erträge aus Securities Lending (Erläuterung 13) | 157 180.83 |
| Sonstige Erträge (Erläuterung 4) | 884 001.25 |
| Total Erträge | 11 407 236.95 |
|  |  |
| Aufwendungen |  |
| Zinsaufwand auf Swaps (Erläuterung 1) | -174.56 |
| Pauschale Verwaltungskommission (Erläuterung 2) | -388 280.08 |
| Abonnementsabgabe (Erläuterung 3) | -67 363.43 |
| Kosten aus Securities Lending (Erläuterung 13) | -62 872.33 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -59 108.60 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -22 660.79 |
| Total Aufwendungen | -600 459.79 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | 10 806 777.16 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 993 231.83 |
| Realisierter Kursgewinn (-verlust) aus renditebewerteten Wertpapieren und Geldmarktinstrumenten | -53 976.05 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | 58 904.20 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | 5 498 560.13 |
| Realisierter Kursgewinn (-verlust) aus Swaps | -122 041.06 |
| Realisierter Währungsgewinn (-verlust) | -1 431 732.97 |
| Total der realisierten Gewinne (Verluste) | 4 942 946.08 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | 15 749 723.24 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 12 276 880.82 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | -42 350.00 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | -2 052 262.47 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 10 182 268.35 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 25 931 991.59 |

UBS (Lux) Bond SICAV – EUR Corporates (EUR) Halbjahresbericht per 30. November 2019
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  | EUR |
|  | 1.6.2019-30.11.2019 |
| Nettovermögen zu Beginn der Berichtsperiode | 884 334 992.85 |
| Zeichnungen | 264 196 278.75 |
| Rücknahmen | 	-210 678 987.14	 |
| Total Mittelzufluss (-abfluss) | 53 517 291.61 |
| Nettoerträge (-verluste) aus Anlagen | 10 806 777.16 |
| Total der realisierten Gewinne (Verluste) | 4 942 946.08 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	10 182 268.35	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 25 931 991.59 |
| Nettovermögen am Ende der Berichtsperiode | 963 784 276.05 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2019-30.11.2019 |
| Klasse | F-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 133 900.0000 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -5 400.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 128 500.0000 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 2 941 894.2290 |
| Anzahl der ausgegebenen Aktien | 312 440.5150 |
| Anzahl der zurückgegebenen Aktien | -553 034.2600 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 2 701 300.4840 |
| Klasse | (CHF hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 35 400.5030 |
| Anzahl der ausgegebenen Aktien | 4 976.5100 |
| Anzahl der zurückgegebenen Aktien | -960.5570 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 39 416.4560 |
| Klasse | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 344 465.2230 |
| Anzahl der ausgegebenen Aktien | 22 809.6720 |
| Anzahl der zurückgegebenen Aktien | -141 471.6520 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 225 803.2430 |
| Klasse | (CHF hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 35 735.1030 |
| Anzahl der ausgegebenen Aktien | 335.0000 |
| Anzahl der zurückgegebenen Aktien | -9 333.8610 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 26 736.2420 |
| Klasse | U-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 54 375.3590 |
| Anzahl der ausgegebenen Aktien | 16 901.0000 |
| Anzahl der zurückgegebenen Aktien | -10 934.3590 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 60 342.0000 |
| Klasse | (CHF hedged) U-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 14 609.0000 |
| Anzahl der ausgegebenen Aktien | 4 729.0000 |
| Anzahl der zurückgegebenen Aktien | -5 024.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 14 314.0000 |

UBS (Lux) Bond SICAV – EUR Corporates (EUR) Halbjahresbericht per 30. November 2019

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in EUR | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Notes, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	ENEL FINANCE INTERNATIONAL NV-REG-S 1.37500% 16-01.06.26 | 15 300 000.00 | 16 245 417.60 | 1.69 |
| EUR	FORD MOTOR CREDIT CO LLC 1.51400% 19-17.02.23 | 2 800 000.00 | 2 788 032.80 | 0.29 |
| EUR	PHILIP MORRIS INTERNATIONAL INC 2.75000% 13-19.03.25 | 1 700 000.00 | 1 898 407.00 | 0.20 |
| EUR	PHILIP MORRIS INTERNATIONAL INC 0.80000% 19-01.08.31 | 2 500 000.00 | 2 359 223.35 | 0.24 |
| Total EUR |  | 23 291 080.75 | 2.42 |
| Total Notes, fester Zins |  | 23 291 080.75 | 2.42 |
| Medium-Term Notes, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	ABN AMRO BANK NV-REG-S-SUB 7.12500% 12-06.07.22 | 5 300 000.00 | 6 225 189.20 | 0.65 |
| EUR	AIB GROUP PLC-REG-S 1.25000% 19-28.05.24 | 3 300 000.00 | 3 367 320.00 | 0.35 |
| EUR	ALLIANZ FINANCE II BV-REG-S 1.50000% 19-15.01.30 | 1 100 000.00 | 1 229 130.76 | 0.13 |
| EUR	ANGLO AMERICAN CAPITAL PLC-REG-S 1.62500% 17-18.09.25 | 4 400 000.00 | 4 581 720.00 | 0.48 |
| EUR	ASSICURAZIONI GENERALI SPA-REG-S-SUB 4.12500% 14-04.05.26 | 4 500 000.00 | 5 248 035.00 | 0.54 |
| EUR	AUTOSTRADE PER L’ITALIA SPA 4.37500% 10-16.09.25 | 1 500 000.00 | 1 619 383.50 | 0.17 |
| EUR	BANCO BILBAO VIZCAYA ARGENTARIA-REG-S 0.37500% 19-02.10.24 | 8 500 000.00 | 8 441 945.00 | 0.88 |
| EUR	BANK OF AMERICA CORP-REG-S 1.37500% 15-26.03.25 | 7 900 000.00 | 8 366 242.20 | 0.87 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S 1.25000% 15-14.01.25 | 2 900 000.00 | 3 051 240.80 | 0.32 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S 1.62500% 16-19.01.26 | 6 400 000.00 | 6 922 240.00 | 0.72 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S-SUB 2.37500% 16-24.03.26 | 7 500 000.00 | 8 207 505.00 | 0.85 |
| EUR	BANQUE FEDERATIVE DU CREDIT MUTUEL 2.62500% 14-18.03.24 | 3 800 000.00 | 4 205 156.00 | 0.44 |
| EUR	BARCLAYS BANK PLC-SUB 6.62500% 11-30.03.22 | 3 500 000.00 | 4 004 700.00 | 0.42 |
| EUR	BAT INTERNATIONAL FINANCE PLC-REG-S 0.87500% 15-13.10.23 | 2 600 000.00 | 2 640 346.80 | 0.27 |
| EUR	BAT INTERNATIONAL FINANCE PLC-REG-S 2.25000% 17-16.01.30 | 7 600 000.00 | 7 849 523.20 | 0.81 |
| EUR	BMW FINANCE NV-REG-S 2.62500% 14-17.01.24 | 3 700 000.00 | 4 077 770.00 | 0.42 |
| EUR	BMW FINANCE NV-REG-S 0.75000% 16-15.04.24 | 600 000.00 | 615 250.80 | 0.06 |
| EUR	BNP PARIBAS SA-REG-S 1.50000% 17-17.11.25 | 4 900 000.00 | 5 186 973.40 | 0.54 |
| EUR	BNP PARIBAS SA-REG-S 1.12500% 18-11.06.26 | 6 200 000.00 | 6 433 194.40 | 0.67 |
| EUR	BNP PARIBAS-REG-S 1.12500% 18-22.11.23 | 2 500 000.00 | 2 583 950.00 | 0.27 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 1.57300% 15-16.02.27 | 2 700 000.00 | 2 914 898.40 | 0.30 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 1.63700% 17-26.06.29 | 4 800 000.00 | 5 237 952.00 | 0.54 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 1.59400% 18-03.07.28 | 4 000 000.00 | 4 334 880.00 | 0.45 |
| EUR	BRITISH TELECOMMUNICATIONS PLC-REG-S 1.75000% 16-10.03.26 | 2 000 000.00 | 2 111 136.00 | 0.22 |
| EUR	BRITISH TELECOMMUNICATIONS PLC-REG-S 1.12500% 16-10.03.23 | 2 800 000.00 | 2 884 089.60 | 0.30 |
| EUR	CASINO GUICHARD PERRACHON SA-REG-S 1.86500% 17-13.06.22 | 1 200 000.00 | 1 152 360.00 | 0.12 |
| EUR	CIE DE SAINT-GOBAIN SA-REG-S 1.87500% 19-15.03.31 | 9 000 000.00 | 9 958 842.00 | 1.03 |
| EUR	CIE DE SAINT-GOBAIN-REG-S 1.12500% 18-23.03.26 | 2 900 000.00 | 3 026 103.60 | 0.31 |
| EUR	CITIGROUP INC-REG-S 2.12500% 14-10.09.26 | 3 200 000.00 | 3 547 808.00 | 0.37 |
| EUR	CITIGROUP INC-REG-S 1.50000% 16-26.10.28 | 9 300 000.00 | 9 990 952.80 | 1.04 |
| EUR	COCA-COLA HBC FINANCE BV-REG-S 1.87500% 16-11.11.24 | 1 600 000.00 | 1 735 468.80 | 0.18 |
| EUR	CREDIT AGRICOLE SA LONDON 2.37500% 14-20.05.24 | 8 000 000.00 | 8 809 744.00 | 0.91 |
| EUR	CREDIT AGRICOLE SA LONDON-REG-S 1.87500% 16-20.12.26 | 10 700 000.00 | 11 659 790.00 | 1.21 |
| EUR	DEUTSCHE BANK AG-REG-S 1.12500% 15-17.03.25 | 1 700 000.00 | 1 684 190.00 | 0.17 |
| EUR	DEUTSCHE BANK AG-REG-S 1.62500% 19-12.02.21 | 5 500 000.00 | 5 558 022.80 | 0.58 |
| EUR	DEUTSCHE BANK-REG-S 2.37500% 13-11.01.23 | 6 900 000.00 | 7 170 217.80 | 0.74 |
| EUR	DEUTSCHE TELEKOM INTL FINANCE BV-REG-S 1.50000% 16-03.04.28 | 6 200 000.00 | 6 667 790.00 | 0.69 |
| EUR	DEUTSCHE TELEKOM INTL FIN BV-REG-S 2.00000% 18-01.12.29 | 4 800 000.00 | 5 388 480.00 | 0.56 |
| EUR	DIAGEO FINANCE PLC-REG-S 1.75000% 14-23.09.24 | 11 300 000.00 | 12 193 378.00 | 1.27 |
| EUR	ENAGAS FINANCIACIONES SAU-REG-S 1.25000% 15-06.02.25 | 9 900 000.00 | 10 413 334.80 | 1.08 |
| EUR	ENGIE SA-REG-S 2.37500% 14-19.05.26 | 1 800 000.00 | 2 061 118.80 | 0.21 |
| EUR	EUROGRID GMBH-REG-S 1.50000% 16-18.04.28 | 7 400 000.00 | 7 959 366.00 | 0.83 |
| EUR	FORD MOTOR CREDIT CO LLC 3.02100% 19-06.03.24 | 3 100 000.00 | 3 240 053.04 | 0.34 |
| EUR	GAS NATURAL CAPITAL MARKETS SA 5.12500% 09-02.11.21 | 1 600 000.00 | 1 760 707.20 | 0.18 |
| EUR	GE CAPITAL EUROPEAN FUNDING 4.35000% 06-03.11.21 | 5 700 000.00 | 6 145 015.53 | 0.64 |
| EUR	GE CAPITAL EUROPEAN FUNDING 4.62500% 07-22.02.27 | 2 800 000.00 | 3 492 160.00 | 0.36 |
| EUR	GE CAPITAL EUROPEAN FUNDING-REG-S 0.80000% 15-21.01.22 | 5 800 000.00 | 5 868 324.00 | 0.61 |
| EUR	GENERAL MOTORS FINANCIAL CO INC-REG-S 0.95500% 16-07.09.23 | 4 400 000.00 | 4 417 705.60 | 0.46 |
| EUR	GENERAL MOTORS FINANCIAL CO INC-REG-S 1.69400% 18-26.03.25 | 6 900 000.00 | 7 039 407.60 | 0.73 |
| EUR	GLENCORE FINANCE EUROPE SA-REG-S 1.25000% 15-17.03.21 | 600 000.00 | 606 900.00 | 0.06 |
| EUR	GLENCORE FINANCE EUROPE SA-REG-S 1.75000% 15-17.03.25 | 10 900 000.00 | 11 298 089.80 | 1.17 |
| EUR	GOLDMAN SACHS GROUP INC 2.87500% 14-03.06.26 | 3 700 000.00 | 4 238 993.80 | 0.44 |
| EUR	GOLDMAN SACHS GROUP INC/THE-REG-S 2.12500% 14-30.09.24 | 3 200 000.00 | 3 465 504.00 | 0.36 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 1.62500% 16-27.07.26 | 5 100 000.00 | 5 434 335.60 | 0.56 |
| EUR	HEATHROW FUNDING LTD-REG-S 1.87500% 14-23.05.22 | 2 100 000.00 | 2 194 071.60 | 0.23 |
| EUR	HEATHROW FUNDING LTD-REG-S 1.50000% 15-11.02.30 | 7 300 000.00 | 7 742 219.40 | 0.80 |
| EUR	HEIDELBERGCEMENT AG-REG-S 1.50000% 16-07.02.25 | 3 400 000.00 | 3 551 150.40 | 0.37 |
| EUR	HOLCIM FINANCE LUXEMBOURG SA-REG-S 2.25000% 16-26.05.28 | 1 700 000.00 | 1 888 870.00 | 0.20 |
| EUR	HSBC HOLDINGS PLC-SUB 3.00000% 15-30.06.25 | 5 600 000.00 | 6 268 449.60 | 0.65 |
| EUR	HSBC HOLDINGS PLC-SUB 3.12500% 16-07.06.28 | 3 500 000.00 | 4 098 955.00 | 0.43 |
| EUR	INNOGY FINANCE II BV-REG-S 5.75000% 03-14.02.33 | 2 800 000.00 | 4 468 940.00 | 0.46 |
| EUR	J.P.MORGAN CHASE & CO 2.75000% 12-24.08.22 | 1 700 000.00 | 1 826 405.20 | 0.19 |
| EUR	JPMORGAN CHASE & CO-REG-S 1.50000% 15-27.01.25 | 7 700 000.00 | 8 193 416.00 | 0.85 |
| EUR	JPMORGAN CHASE & CO-REG-S 1.50000% 16-29.10.26 | 4 000 000.00 | 4 323 104.00 | 0.45 |
| EUR	KONINKLIJKE KPN NV-REG-S 1.12500% 16-11.09.28 | 900 000.00 | 930 294.00 | 0.10 |
| EUR	LANDESBANK BADEN-WUERTTEMBERG-REG-S-SUB 3.62500% 15-16.06.25 | 4 400 000.00 | 5 066 413.44 | 0.53 |
| EUR	LLOYDS BANK PLC-REG-S 1.25000% 15-13.01.25 | 1 900 000.00 | 2 001 403.00 | 0.21 |
| EUR	LOGICOR FINANCING SARL-REG-S 3.25000% 18-13.11.28 | 4 900 000.00 | 5 502 945.00 | 0.57 |
| EUR	LOGICOR FINANCING SARL-REG-S 1.62500% 19-15.07.27 | 6 400 000.00 | 6 484 928.00 | 0.67 |
| EUR	MORGAN STANLEY 1.75000% 15-30.01.25 | 9 000 000.00 | 9 631 980.00 | 1.00 |
| EUR	MORGAN STANLEY 1.87500% 17-27.04.27 | 3 900 000.00 | 4 264 057.20 | 0.44 |
| EUR	NATWEST MARKETS PLC-REG-S 1.00000% 19-28.05.24 | 5 100 000.00 | 5 175 545.28 | 0.54 |
| EUR	ORANGE SA 1.12500% 19-15.07.24 | 2 700 000.00 | 2 817 882.00 | 0.29 |
| EUR	ORANGE SA-REG-S 1.00000% 18-12.09.25 | 5 600 000.00 | 5 840 508.80 | 0.61 |

UBS (Lux) Bond SICAV – EUR Corporates (EUR) Halbjahresbericht per 30. November 2019
|  | Bezeichnung | Anzahl/ | Bewertung in EUR | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| EUR | ORANGE SA-REG-S 1.37500% 18-20.03.28 | 5 700 000.00 | 6 111 597.00 | 0.63 |
| EUR | PHILIP MORRIS INTERNATIONAL INC 2.87500% 14-03.03.26 | 6 150 000.00 | 7 009 241.10 | 0.73 |
| EUR | RABOBANK NEDERLAND NV 2.37500% 13-22.05.23 | 1 500 000.00 | 1 623 498.00 | 0.17 |
| EUR | RAIFFEISEN BANK INTL AG-SUB 6.62500% 11-18.05.21 | 1 500 000.00 | 1 640 196.00 | 0.17 |
| EUR | REPSOL INTERNATIONAL FINANCE BV-REG-S 2.25000% 14-10.12.26 | 3 200 000.00 | 3 635 782.40 | 0.38 |
| EUR | SANOFI-REG-S 1.37500% 18-21.03.30 | 4 900 000.00 | 5 431 865.60 | 0.56 |
| EUR | SANTANDER CONSUMER FINANCE SA-REG-S 0.87500% 18-30.05.23 | 3 700 000.00 | 3 783 250.00 | 0.39 |
| EUR | SCHAEFFLER AG-REG-S 1.87500% 19-26.03.24 | 3 200 000.00 | 3 327 040.00 | 0.35 |
| EUR | SCHAEFFLER AG-REG-S 2.87500% 19-26.03.27 | 1 500 000.00 | 1 622 100.00 | 0.17 |
| EUR | SHELL INTERNATIONAL FINANCE BV 2.50000% 14-24.03.26 | 7 200 000.00 | 8 314 444.80 | 0.86 |
| EUR | SHELL INTERNATIONAL FINANCE BV-REG-S 1.62500% 14-20.01.27 | 1 800 000.00 | 1 987 070.40 | 0.21 |
| EUR | SKY PLC-REG-S 2.50000% 14-15.09.26 | 4 200 000.00 | 4 789 394.40 | 0.50 |
| EUR | SOCIETE GENERALE SA-REG-S 0.75000% 16-26.05.23 | 3 300 000.00 | 3 378 460.80 | 0.35 |
| EUR | SOCIETE GENERALE-REG-S 1.12500% 18-23.01.25 | 500 000.00 | 514 070.00 | 0.05 |
| EUR | SOCIETE GENERALE-REG-S 1.25000% 19-15.02.24 | 4 300 000.00 | 4 439 560.80 | 0.46 |
| EUR | SUMITOMO MITSUI FIN GP INC-REG-S 0.81900% 18-23.07.23 | 11 800 000.00 | 12 050 042.00 | 1.25 |
| EUR | TELEFONICA EMISIONES SAU 3.98700% 13-23.01.23 | 900 000.00 | 1 010 223.00 | 0.11 |
| EUR | TELEFONICA EMISIONES SA-REG-S 1.46000% 16-13.04.26 | 4 100 000.00 | 4 368 845.20 | 0.45 |
| EUR | UBS GROUP AG-REG-S 1.25000% 16-01.09.26 | 2 000 000.00 | 2 104 300.00 | 0.22 |
| EUR | UNICREDITO ITALIANO SPA 1.00000% 18-18.01.23 | 9 100 000.00 | 9 180 927.21 | 0.95 |
| EUR | VEOLIA ENVIRONNEMENT-REG-S 0.89200% 19-14.01.24 | 3 500 000.00 | 3 608 850.00 | 0.37 |
| EUR | VERIZON COMMUNICATIONS INC 3.25000% 14-17.02.26 | 2 800 000.00 | 3 294 457.60 | 0.34 |
| EUR | VINCI SA-REG-S 1.62500% 19-18.01.29 | 6 200 000.00 | 6 884 666.00 | 0.71 |
| EUR | VODAFONE GROUP PLC-REG-S 1.60000% 16-29.07.31 | 2 300 000.00 | 2 411 985.39 | 0.25 |
| EUR | VODAFONE GROUP PLC-REG-S 1.50000% 17-24.07.27 | 4 600 000.00 | 4 920 647.60 | 0.51 |
| EUR | VOLKSWAGEN FINANCIAL SERVICES AG 1.37500% 18-16.10.23 | 2 000 000.00 | 2 064 520.00 | 0.21 |
| EUR | VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 1.62500% 15-16.01.30 | 2 250 000.00 | 2 313 531.00 | 0.24 |
| EUR | VOLKSWAGEN LEASING GMBH-REG-S 1.12500% 17-04.04.24 | 3 900 000.00 | 3 979 170.00 | 0.41 |
| EUR | VONOVIA FINANCE BV-REG-S 0.87500% 18-03.07.23 | 2 200 000.00 | 2 248 637.60 | 0.23 |
| EUR | VONOVIA FINANCE BV-REG-S 0.62500% 19-07.10.27 | 500 000.00 | 493 902.20 | 0.05 |
| EUR | WELLS FARGO & CO-REG-S 2.62500% 12-16.08.22 | 4 400 000.00 | 4 703 864.00 | 0.49 |
| Total EUR |  |  | 493 841 613.65 | 51.24 |
| Total Medium-Term Notes, fester Zins |  | 493 841 613.65 | 51.24 |
| Medium-Term Notes, variabler Zins |  |  |  |
| EUR |  |  |  |
| EUR	ALLIANZ FINANCE II-SUB 5.750%/3M EURIBOR+334.9BP 11-08.07.41 | 2 000 000.00 | 2 179 316.00 | 0.23 |
| EUR	ALLIANZ SE-REG-S-SUB 4.750%/3M EURIBOR+360BP 13-PRP | 8 100 000.00 | 9 323 553.60 | 0.97 |
| EUR	AVIVA PLC-REG-S-SUB 3.375%/VAR 15-04.12.45 | 5 900 000.00 | 6 481 610.20 | 0.67 |
| EUR	AVIVA PLC-SUB 6.125%/VAR 13-05.07.43 | 2 600 000.00 | 3 046 680.00 | 0.32 |
| EUR	AXA SA-REG-S-SUB 3.375%/VAR 16-06.07.47 | 2 900 000.00 | 3 314 653.60 | 0.34 |
| EUR	AXA SA-REG-S-SUB 3.941%/VAR 14-PRP | 4 400 000.00 | 4 954 048.00 | 0.51 |
| EUR	BANK OF IRELAND GROUP PLC-REG-S 0.750%/VAR 19-08.07.24 | 3 000 000.00 | 2 994 270.00 | 0.31 |
| EUR	BARCLAYS PLC-REG-S 1.375%/VAR 18-24.01.26 | 3 600 000.00 | 3 703 651.20 | 0.38 |
| EUR	BNP PARIBAS-REG-S 2.125%/VAR 19-23.01.27 | 3 000 000.00 | 3 271 110.00 | 0.34 |
| EUR	CITIGROUP INC-SUB 4.250%/FLR 05-25.02.30 | 2 600 000.00 | 3 061 110.00 | 0.32 |
| EUR	COMMONWEALTH BK OF AUSTRLIA-REG-S-SUB 1.936%/VAR 17-03.10.29 | 5 800 000.00 | 6 013 672.00 | 0.62 |
| EUR	DANONE SA-REG-S-SUB 1.750%/VAR 17-PRP | 6 300 000.00 | 6 404 076.00 | 0.66 |
| EUR	DANSKE BANK AS-REG-S-SUB 2.500%/VAR 19-21.06.29 | 3 000 000.00 | 3 154 594.80 | 0.33 |
| EUR	DBS GROUP HOLDINGS LTD-REG-S-SUB 1.500%/VAR 18-11.04.28 | 5 500 000.00 | 5 570 539.15 | 0.58 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 4.125%/VAR 14-PRP | 3 800 000.00 | 4 065 734.00 | 0.42 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.000%/VAR 14-PRP | 4 300 000.00 | 4 881 635.20 | 0.51 |
| EUR	ENBW ENERGIE BADEN-WUERTT-REG-S-SUB 3.625%/VAR 14-02.04.76 | 3 200 000.00 | 3 326 042.56 | 0.34 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 14 500 000.00 | 15 388 125.00 | 1.60 |
| EUR	ING BANK NV-SUB 3.625%/VAR 14-25.02.26 | 15 500 000.00 | 16 149 760.00 | 1.67 |
| EUR	ING GROEP NV-SUB 3.000%/VAR 17-11.04.28 | 4 700 000.00 | 5 068 198.00 | 0.53 |
| EUR	LA BANQUE POSTALE-REG-S-SUB-2.750%/VAR 14-23.04.26 | 6 400 000.00 | 6 613 580.80 | 0.69 |
| EUR	NORDEA BANK ABP-REG-S-SUB 1.000%/VAR 16-07.09.26 | 13 600 000.00 | 13 765 920.00 | 1.43 |
| EUR	SVENSKA HANDELSBANKEN AB-REG-S-SUB 1.625%/VAR 18-05.03.29 | 5 200 000.00 | 5 432 367.20 | 0.56 |
| EUR	TOTAL SA-REG-S-SUB 2.250%/VAR 15-PRP | 15 500 000.00 | 15 823 950.00 | 1.64 |
| EUR	TOTAL SA-REG-S-SUB 3.369%/VAR 16-PRP | 7 100 000.00 | 8 069 718.00 | 0.84 |
| EUR	UBS AG-REG-S-SUB 4.750%/VAR 14-12.02.26 | 9 800 000.00 | 10 277 750.00 | 1.07 |
| Total EUR |  | 172 335 665.31 | 17.88 |
| Total Medium-Term Notes, variabler Zins |  | 172 335 665.31 | 17.88 |
| Anleihen, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	ALTRIA GROUP INC 3.12500% 19-15.06.31 | 2 300 000.00 | 2 519 981.20 | 0.26 |
| EUR	ARGENTUM NETHERLANDS BV FOR GIV-REG-S 2.00000% 18-17.09.30 | 6 900 000.00 | 7 842 995.40 | 0.81 |
| EUR	AT&T INC 1.80000% 18-05.09.26 | 1 500 000.00 | 1 613 070.00 | 0.17 |
| EUR	AT&T INC 2.60000% 14-17.12.29 | 6 600 000.00 | 7 584 984.00 | 0.79 |
| EUR	AT&T INC 3.50000% 13-17.12.25 | 7 000 000.00 | 8 234 604.00 | 0.85 |
| EUR	BAYER CAPITAL CORP BV-REG-S 1.50000% 18-26.06.26 | 3 400 000.00 | 3 598 832.00 | 0.37 |
| EUR	BAYER CAPITAL CORP BV-REG-S 2.12500% 18-15.12.29 | 2 600 000.00 | 2 868 855.60 | 0.30 |
| EUR	BELFIUS BANK SA/NV-REG-S-SUB 3.12500% 16-11.05.26 | 4 900 000.00 | 5 549 152.00 | 0.58 |
| EUR	BNP PARIBAS-REG-S 1.12500% 19-28.08.24 | 2 500 000.00 | 2 586 135.00 | 0.27 |
| EUR	COCA-COLA EUROPEAN PARTNERS PLC-REG-S 0.75000% 16-24.02.22 | 500 000.00 | 508 166.00 | 0.05 |
| EUR	COCA-COLA EUROPEAN PARTNERS PLC-REG-S 1.75000% 16-26.05.28 | 9 500 000.00 | 10 459 576.00 | 1.08 |
| EUR	CREDIT AGRICOLE SA-REG-S-SUB 2.62500% 15-17.03.27 | 2 900 000.00 | 3 249 521.92 | 0.34 |
| EUR	GIE PSA TRESORERIE 6.00000% 03-19.09.33 | 1 100 000.00 | 1 608 222.00 | 0.17 |
| EUR	HSBC HOLDINGS PLC-REG-S 0.87500% 16-06.09.24 | 1 700 000.00 | 1 742 350.40 | 0.18 |
| EUR	IMPERIAL BRANDS FINANCE PLC-REG-S 1.37500% 17-27.01.25 | 6 500 000.00 | 6 637 605.00 | 0.69 |
| EUR	LANDESBANK BADEN-WUERTTEMBERG-REG-S-SUB 2.87500% 16-28.09.26 | 2 900 000.00 | 3 239 880.00 | 0.34 |
| EUR	MOLSON COORS BREWING CO 1.25000% 16-15.07.24 | 8 600 000.00 | 8 815 154.80 | 0.91 |
| EUR	MONDELEZ INTL 1.00000% 15-07.03.22 | 7 800 000.00 | 7 971 444.00 | 0.83 |
| EUR	MONDELEZ INTL 1.62500% 16-20.01.23 | 1 600 000.00 | 1 675 904.00 | 0.17 |
| EUR	MORGAN STANLEY 1.87500% 14-30.03.23 | 2 600 000.00 | 2 749 396.00 | 0.29 |
| EUR	RABOBANK NEDERLAND NV 4.12500% 10-14.07.25 | 6 050 000.00 | 7 419 320.70 | 0.77 |
| EUR	SAP SE-REG-S 1.62500% 18-10.03.31 | 4 600 000.00 | 5 163 868.00 | 0.54 |
| EUR	THERMO FISHER SCIENTIFIC INC 0.75000% 16-12.09.24 | 6 600 000.00 | 6 751 694.40 | 0.70 |
| EUR	VERIZON COMMUNICATIONS INC 1.87500% 17-26.10.29 | 3 700 000.00 | 4 088 352.00 | 0.42 |

UBS (Lux) Bond SICAV – EUR Corporates (EUR) Halbjahresbericht per 30. November 2019
|  | Bezeichnung | Anzahl/ | Bewertung in EUR | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| EUR | VONOVIA FINANCE BV-REG-S 0.75000% 18-15.01.24 | 200 000.00 | 203 622.00 | 0.02 |
| EUR | VONOVIA FINANCE BV-REG-S 1.50000% 18-14.01.28 | 4 300 000.00 | 4 540 800.00 | 0.47 |
| EUR | VONOVIA FINANCE BV-REG-S 1.50000% 18-22.03.26 | 200 000.00 | 210 712.00 | 0.02 |
| EUR | WINTERSHALL DEA FINANCE-REG-S 1.82300% 19-25.09.31 | 8 300 000.00 | 8 546 630.35 | 0.89 |
| Total EUR |  |  | 127 980 828.77 | 13.28 |
| Total Anleihen, fester Zins |  | 127 980 828.77 | 13.28 |
| Anleihen, variabler Zins |  |  |  |
| EUR |  |  |  |
| EUR	ALLIANDER NV-REG-S-SUB 1.625%/VAR 18-PRP | 8 900 000.00 | 9 329 158.00 | 0.97 |
| EUR	ALLIANZ SE-REG-S-SUB 1.301%/3M EURIBOR+235BP 19-25.09.49 | 5 100 000.00 | 5 060 373.00 | 0.53 |
| EUR	BANCO BILBALO VIZCAYA ARGENT-REG-S-SUB 8.875%/VAR 16-PRP | 2 000 000.00 | 2 197 500.00 | 0.23 |
| EUR	BHP BILLITON FINANCE LTD-REG-S-SUB 5.625%/VAR 15-22.10.79 | 7 100 000.00 | 8 608 750.00 | 0.89 |
| EUR	BNP PARIBAS SA-REG-S-SUB 6.125%/VAR 15-PRP | 2 000 000.00 | 2 225 220.00 | 0.23 |
| EUR	DEUTSCHE BAHN FINANCE GMBH-REG-S-SUB 0.950%/VAR 19-PRP | 4 800 000.00 | 4 820 764.80 | 0.50 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 4.000%/VAR 18-PRP | 4 300 000.00 | 4 660 125.00 | 0.48 |
| EUR	ENGIE SA-REG-S-SUB 1.375%/VAR 18-PRP | 5 400 000.00 | 5 425 002.00 | 0.56 |
| EUR	ENGIE SA-REG-S-SUB 3.87500%/VAR 14-PRP | 6 800 000.00 | 7 576 424.00 | 0.79 |
| EUR	HOLCIM FINANCE LUXEMBOURG SA-REG-S-SUB 3.000%/VAR 19-PRP | 8 500 000.00 | 8 882 500.00 | 0.92 |
| EUR	MERCK KGAA-REG-S-SUB 2.625%/VAR 14-12.12.74 | 4 200 000.00 | 4 341 015.00 | 0.45 |
| EUR	RABOBANK NEDERLAND NV-REG-S-SUB 2.500%/VAR 14-26.05.26 | 8 700 000.00 | 8 985 604.47 | 0.93 |
| EUR	SOCIETE GENERALE-REG-S-SUB 6.750%/VAR 14-PRP | 2 100 000.00 | 2 242 665.60 | 0.23 |
| EUR	SSE PLC-REG-S-SUB 2.375%/VAR 15-PRP | 3 300 000.00 | 3 361 820.55 | 0.35 |
| EUR	SWISS RE FINANCE LUX SA-REG-S-SUB 2.534%/VAR 19-30.04.50 | 6 600 000.00 | 7 273 794.00 | 0.75 |
| EUR	TELEFONICA EUROPE BV-REG-S-SUB 3.000%/VAR 18-PRP | 6 100 000.00 | 6 328 750.00 | 0.66 |
| EUR	UBS GROUP AG-REG-S 1.250%/VAR 18-17.04.25 | 2 000 000.00 | 2 076 400.00 | 0.22 |
| EUR	UBS GROUP AG-REG-S-SUB 5.750%/VAR 15-PRP | 2 700 000.00 | 2 943 270.00 | 0.31 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S-SUB 2.500%/VAR 15-PRP | 2 200 000.00 | 2 255 000.00 | 0.23 |
| EUR	VOLKSWAGEN INTL FIN NV-REG-S-SUB 2.700%/VAR 17-PRP | 6 300 000.00 | 6 495 363.00 | 0.67 |
| EUR	VOLKSWAGEN INTL FINANCE NV-REG-S-SUB 3.375%/VAR 18-PRP | 7 800 000.00 | 8 236 800.00 | 0.85 |
| EUR	VOLKSWAGEN INTL FINANCE NV-REG-S-SUB 4.625%/VAR 18-PRP | 1 700 000.00 | 1 898 362.80 | 0.20 |
| EUR	ZUERCHER KANTONALBANK-REG-S-SUB 2.625%/VAR 15-15.06.27 | 9 000 000.00 | 9 423 828.00 | 0.98 |
| Total EUR |  | 124 648 490.22 | 12.93 |
| Total Anleihen, variabler Zins |  | 124 648 490.22 | 12.93 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  | 942 097 678.70 | 97.75 |

Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Medium-Term Notes, fester Zins
| EUR |  |
| --- | --- |
| EUR | BNP PARIBAS SA-REG-S 1.50000% 17-23.05.28 | 2 900 000.00 | 3 112 210.40 | 0.32 |
| Total EUR |  |  | 3 112 210.40 | 0.32 |
| Total Medium-Term Notes, fester Zins |  | 3 112 210.40 | 0.32 |
| Total Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden |  | 3 112 210.40 | 0.32 |
| Total des Wertpapierbestandes |  | 945 209 889.10 | 98.07 |
| Derivative Instrumente |  |  |  |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Finanzterminkontrakte auf Anleihen |  |  |  |
|  |  |  |  |
| EUR	EURO-BUND FUTURE 06.12.19 | 70.00 | -42 350.00 | 0.00 |
| Total Finanzterminkontrakte auf Anleihen |  | -42 350.00 | 0.00 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | -42 350.00 | 0.00 |
| Total Derivative Instrumente |  | -42 350.00 | 0.00 |
| Devisenterminkontrakte |  |  |  |
| Devisenterminkontrakte (Kauf/Verkauf) |  |  |  |

| CHF | 215 016 800.00 | EUR | 195 102 829.76 | 3.12.2019 | 32 896.53 | 0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 2 042 068.15 | CHF | 2 238 500.00 | 3.12.2019 | 10 546.32 | 0.00 |
| EUR | 46 526 012.71 | CHF | 50 930 300.00 | 3.12.2019 | 304 875.20 | 0.03 |
| CHF | 161 848 000.00 | EUR | 147 206 877.56 | 7.1.2020 | -258 709.59 | -0.03 |
| Total Devisenterminkontrakte (Kauf/Verkauf) | 89 608.46 | 0.01 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 8 602 741.61 | 0.89 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -227.57 | 0.00 |
| Andere Aktiva und Passiva | 9 924 614.45 | 1.03 |
| Total des Nettovermögens | 963 784 276.05 | 100.00 |

UBS (Lux) Bond SICAV – EUR Corporates (EUR) Halbjahresbericht per 30. November 2019