# UBS (Lux) Bond SICAV – USD High Yield (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Net assets in USD |  | 1 006 909 698.38 | 965 150 659.20 | 1 098 109 693.43 |
| Class F-acc | LU0396369489 |  |  |  |
| Shares outstanding |  | 437 155.7680 | 405 301.5000 | 330 158.5000 |
| Net asset value per share in USD |  | 323.65 | 310.04 | 293.12 |
| Issue and redemption price per share in USD 1 |  | 323.65 | 310.04 | 293.12 |
| Class (GBP hedged) F-UKdist 2 | LU0945636156 |  |  |  |
| Shares outstanding |  | - | - | 6 532.6580 |
| Net asset value per share in GBP |  | - | - | 97.62 |
| Issue and redemption price per share in GBP 1 |  | - | - | 97.62 |
| Class I-A1-acc | LU0396369992 |  |  |  |
| Shares outstanding |  | 227 215.7660 | 246 762.3270 | 316 125.9590 |
| Net asset value per share in USD |  | 159.74 | 153.10 | 144.88 |
| Issue and redemption price per share in USD 1 |  | 159.74 | 153.10 | 144.88 |
| Class I-A2-mdist | LU0862612198 |  |  |  |
| Shares outstanding |  | 27 039.6270 | 11 399.6270 | 9 428.6270 |
| Net asset value per share in USD |  | 96.48 | 94.37 | 93.14 |
| Issue and redemption price per share in USD 1 |  | 96.48 | 94.37 | 93.14 |
| Class I-B-acc | LU0396370651 |  |  |  |
| Shares outstanding |  | 46 437.8970 | 47 297.4590 | 86 131.0700 |
| Net asset value per share in USD |  | 168.80 | 161.34 | 151.83 |
| Issue and redemption price per share in USD 1 |  | 168.80 | 161.34 | 151.83 |
| Class I-X-acc | LU0396370818 |  |  |  |
| Shares outstanding |  | 77 242.3500 | 98 607.5200 | 152 159.0730 |
| Net asset value per share in USD |  | 169.74 | 162.18 | 152.53 |
| Issue and redemption price per share in USD 1 |  | 169.74 | 162.18 | 152.53 |
| Class (CHF hedged) I-X-acc | LU1819711182 |  |  |  |
| Shares outstanding |  | 218 178.1950 | 204 287.4650 | 149 827.0000 |
| Net asset value per share in CHF |  | 105.95 | 102.84 | 99.88 |
| Issue and redemption price per share in CHF 1 |  | 105.95 | 102.84 | 99.88 |
| Class (EUR hedged) I-X-acc | LU1554276805 |  |  |  |
| Shares outstanding |  | 25 444.9490 | 13 005.8120 | 23 605.8120 |
| Net asset value per share in EUR |  | 109.70 | 106.23 | 102.83 |
| Issue and redemption price per share in EUR 1 |  | 109.70 | 106.23 | 102.83 |
| Class K-X-acc | LU1801154631 |  |  |  |
| Shares outstanding |  | 99 145.6890 | 30 088.6090 | 30 900.0000 |
| Net asset value per share in USD |  | 103.75 | 99.16 | 100.15 |
| Issue and redemption price per share in USD 1 |  | 103.75 | 99.16 | 100.15 |
| Class P-6%-mdist | LU1076698411 |  |  |  |
| Shares outstanding |  | 84 614.0010 | 84 982.5020 | 92 723.6770 |
| Net asset value per share in USD |  | 87.49 | 86.67 | 87.62 |
| Issue and redemption price per share in USD 1 |  | 87.49 | 86.67 | 87.62 |
| Class P-acc | LU0070848972 |  |  |  |
| Shares outstanding |  | 289 605.9080 | 304 680.8520 | 411 401.9700 |
| Net asset value per share in USD |  | 307.84 | 296.04 | 282.07 |
| Issue and redemption price per share in USD 1 |  | 307.84 | 296.04 | 282.07 |
| Class (CHF hedged) P-acc | LU0566797311 |  |  |  |
| Shares outstanding |  | 146 040.4020 | 154 929.4420 | 196 152.9680 |
| Net asset value per share in CHF |  | 135.86 | 132.73 | 130.60 |
| Issue and redemption price per share in CHF 1 |  | 135.86 | 132.73 | 130.60 |
| Class P-mdist | LU0459103858 |  |  |  |
| Shares outstanding |  | 1 382 021.6200 | 1 351 553.9830 | 1 685 225.0360 |
| Net asset value per share in USD |  | 85.79 | 85.19 | 86.57 |
| Issue and redemption price per share in USD 1 |  | 85.79 | 85.19 | 86.57 |
| Class Q-6%-mdist | LU1240777455 |  |  |  |
| Shares outstanding |  | 7 915.2470 | 6 245.2470 | 6 872.0260 |
| Net asset value per share in USD |  | 102.68 | 101.44 | 102.03 |
| Issue and redemption price per share in USD 1 |  | 102.68 | 101.44 | 102.03 |
| Class Q-acc | LU0396369646 |  |  |  |
| Shares outstanding |  | 125 580.2510 | 143 384.7100 | 107 401.8770 |
| Net asset value per share in USD |  | 128.28 | 123.03 | 116.60 |
| Issue and redemption price per share in USD 1 |  | 128.28 | 123.03 | 116.60 |

UBS (Lux) Bond SICAV – USD High Yield (USD) Semi-Annual Report as of 30 November 2019
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class (CHF hedged) Q-acc | LU1240777299 |  |  |  |
| Shares outstanding |  | 159 128.3570 | 165 218.9730 | 269 066.8770 |
| Net asset value per share in CHF |  | 115.43 | 112.47 | 110.06 |
| Issue and redemption price per share in CHF 1 |  | 115.43 | 112.47 | 110.06 |
| Class (EUR hedged) Q-acc | LU1004768518 |  |  |  |
| Shares outstanding |  | 15 212.7950 | 13 430.1790 | 57 502.8100 |
| Net asset value per share in EUR |  | 118.10 | 114.81 | 111.98 |
| Issue and redemption price per share in EUR 1 |  | 118.10 | 114.81 | 111.98 |
| Class Q-mdist | LU1240777539 |  |  |  |
| Shares outstanding |  | 67 209.0630 | 58 678.5890 | 22 299.9170 |
| Net asset value per share in USD |  | 99.65 | 98.67 | 99.37 |
| Issue and redemption price per share in USD 1 |  | 99.65 | 98.67 | 99.37 |
| Class U-X-acc | LU0396371030 |  |  |  |
| Shares outstanding |  | 23 949.7340 | 24 805.7340 | 30 787.2360 |
| Net asset value per share in USD |  | 19 777.21 | 18 896.80 | 17 772.56 |
| Issue and redemption price per share in USD 1 |  | 19 777.21 | 18 896.80 | 17 772.56 |
| Class U-X-UKdist-mdist 3 | LU1839734875 |  |  |  |
| Shares outstanding | 1 632.0000 | 543.0000 | - |
| Net asset value per share in USD | 10 089.42 | 10 049.67 | - |
| Issue and redemption price per share in USD 1 | 10 089.42 | 10 049.67 | - |
| 1  See note 1 2  The share class (GBP hedged) F-UKdist was in circulation until 20.12.2018 3  First NAV: 12.7.2018 |  |  |  |


## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
United States	75.25
Luxembourg	8.23
Canada	6.02
France	1.90
United Kingdom	1.80
The Netherlands	1.17
Cayman Islands	1.11
Ireland	0.70
United Arab Emirates	0.38
Denmark	0.35
Liberia	0.34
Brazil	0.26
Bermuda	0.16
Switzerland	0.08
Total	97.75
Economic Breakdown as a % of net assets	
Finance & holding companies	29.31
Telecommunications	7.27
Healthcare & social services	6.47
Petroleum	5.90
Internet, software & IT services	4.73
Investment funds	4.56
Building industry & materials	4.01
Banks & credit institutions	2.76
Lodging, catering & leisure	2.74
Pharmaceuticals, cosmetics & medical products	2.61
Electrical devices & components	2.28
Mechanical engineering & industrial equipment	2.27
Energy & water supply	2.13
Mining, coal & steel	2.04
Mortgage & funding institutions	1.87
Computer hardware & network equipment providers	1.84
Miscellaneous services	1.82
Environmental services & recycling	1.52
Graphic design, publishing & media	1.42
Food & soft drinks	1.29
Real Estate	1.23
Packaging industry	1.15
Chemicals	0.89
Aerospace industry	0.82
Countries & central governments	0.80
Vehicles	0.70
Miscellaneous consumer goods	0.58
Electronics & semiconductors	0.56
Precious metals & stones	0.50
Forestry, paper & pulp products	0.38
Retail trade, department stores	0.35
Agriculture & fishery	0.29
Non-ferrous metals	0.20
Traffic & transportation	0.19
Insurance	0.11
Biotechnology	0.09
Textiles, garments & leather goods	0.07
Total	97.75
UBS (Lux) Bond SICAV – USD High Yield (USD) Semi-Annual Report as of 30 November 2019

## Statement of Net Assets
Assets	30.11.2019
USD
Investments in securities, cost	974 130 901.85
| Investments in securities, unrealized appreciation (depreciation) | 	10 142 657.43	 |
| --- | --- |
| Total investments in securities (Note 1) | 984 273 559.28 |
| Cash at banks, deposits on demand and deposit accounts | 12 843 328.30 |
| Receivable on securities sales (Note 1) | 2 394 022.78 |
| Receivable on subscriptions | 981 130.97 |
| Interest receivable on securities | 13 477 823.07 |
| Receivable on dividends | 2 121.54 |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | -141 950.31 |
| Unrealized gain (loss) on swaps (Note 1) | 82 009.94 |
| Total Assets | 1 013 912 045.57 |
|  |  |
| Liabilities |  |
| Bank overdraft | -25.16 |
| Interest payable on bank overdraft | -3.06 |
| Payable on securities purchases (Note 1) | -6 089 502.00 |
| Payable on redemptions | -638 546.23 |
| Provisions for flat fee (Note 2) | -163 068.46 |
| Provisions for taxe d’abonnement (Note 3) | -33 673.32 |
| Provisions for other commissions and fees (Note 2) | 	-77 528.96	 |
| Total provisions | -274 270.74 |
| Total Liabilities | -7 002 347.19 |
|  |  |
| Net assets at the end of the period | 1 006 909 698.38 |
| Statement of Operations | USD |
| Income | 1.6.2019-30.11.2019 |
| Interest on liquid assets | 70 757.37 |
| Interest on securities | 28 150 885.45 |
| Dividends | 26 780.78 |
| Interest received on swaps (Note 1) | 606 500.00 |
| Total income | 28 854 923.60 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -783 977.16 |
| Flat fee (Note 2) | -2 119 050.49 |
| Taxe d’abonnement (Note 3) | -103 871.76 |
| Other commissions and fees (Note 2) | -57 413.12 |
| Interest on cash and bank overdraft | -3 462.10 |
| Total expenses | -3 067 774.63 |
|  |  |
| Net income (loss) on investments | 25 787 148.97 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | -4 386 602.50 |
| Realized gain (loss) on options | 420 477.00 |
| Realized gain (loss) on financial futures | 1 077 306.26 |
| Realized gain (loss) on forward foreign exchange contracts | -295 522.18 |
| Realized gain (loss) on swaps | 1 469 948.87 |
| Realized gain (loss) on foreign exchange | 476 143.10 |
| Total realized gain (loss) | -1 238 249.45 |
|  |  |
| Net realized gain (loss) of the period | 24 548 899.52 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 18 642 998.79 |
| Unrealized appreciation (depreciation) on options | 307 380.00 |
| Unrealized appreciation (depreciation) on financial futures | -855 078.13 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -318 208.12 |
| Unrealized appreciation (depreciation) on swaps | -528 499.84 |
| Total changes in unrealized appreciation (depreciation) | 17 248 592.70 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 41 797 492.22 |

UBS (Lux) Bond SICAV – USD High Yield (USD) Semi-Annual Report as of 30 November 2019
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-30.11.2019 |
| Net assets at the beginning of the period | 965 150 659.20 |
| Subscriptions | 122 802 933.92 |
| Redemptions | 	-118 012 773.32	 |
| Total net subscriptions (redemptions) | 4 790 160.60 |
| Dividend paid | -4 828 613.64 |
| Net income (loss) on investments | 25 787 148.97 |
| Total realized gain (loss) | -1 238 249.45 |
| Total changes in unrealized appreciation (depreciation) | 	17 248 592.70	 |
| Net increase (decrease) in net assets as a result of operations | 41 797 492.22 |
| Net assets at the end of the period | 1 006 909 698.38 |
| 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 | 405 301.5000 |
| Number of shares issued | 47 070.2680 |
| Number of shares redeemed | -15 216.0000 |
| Number of shares outstanding at the end of the period | 437 155.7680 |
| Class | I-A1-acc |
| Number of shares outstanding at the beginning of the period | 246 762.3270 |
| Number of shares issued | 69 104.5370 |
| Number of shares redeemed | -88 651.0980 |
| Number of shares outstanding at the end of the period | 227 215.7660 |
| Class | I-A2-mdist |
| Number of shares outstanding at the beginning of the period | 11 399.6270 |
| Number of shares issued | 15 640.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 27 039.6270 |
| Class | I-B-acc |
| Number of shares outstanding at the beginning of the period | 47 297.4590 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -859.5620 |
| Number of shares outstanding at the end of the period | 46 437.8970 |
| Class | I-X-acc |
| Number of shares outstanding at the beginning of the period | 98 607.5200 |
| Number of shares issued | 8 485.8990 |
| Number of shares redeemed | -29 851.0690 |
| Number of shares outstanding at the end of the period | 77 242.3500 |
| Class | (CHF hedged) I-X-acc |
| Number of shares outstanding at the beginning of the period | 204 287.4650 |
| Number of shares issued | 13 890.7300 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 218 178.1950 |
| Class | (EUR hedged) I-X-acc |
| Number of shares outstanding at the beginning of the period | 13 005.8120 |
| Number of shares issued | 37 778.6370 |
| Number of shares redeemed | -25 339.5000 |
| Number of shares outstanding at the end of the period | 25 444.9490 |
| Class | K-X-acc |
| Number of shares outstanding at the beginning of the period | 30 088.6090 |
| Number of shares issued | 69 057.0800 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 99 145.6890 |
| Class | P-6%-mdist |
| Number of shares outstanding at the beginning of the period | 84 982.5020 |
| Number of shares issued | 2 559.7830 |
| Number of shares redeemed | -2 928.2840 |
| Number of shares outstanding at the end of the period | 84 614.0010 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 304 680.8520 |
| Number of shares issued | 105 414.9420 |
| Number of shares redeemed | -120 489.8860 |
| Number of shares outstanding at the end of the period | 289 605.9080 |
| Class | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 154 929.4420 |
| Number of shares issued | 2 698.9900 |
| Number of shares redeemed | -11 588.0300 |
| Number of shares outstanding at the end of the period | 146 040.4020 |
| Class | P-mdist |
| Number of shares outstanding at the beginning of the period | 1 351 553.9830 |
| Number of shares issued | 202 719.6130 |
| Number of shares redeemed | -172 251.9760 |
| Number of shares outstanding at the end of the period | 1 382 021.6200 |

UBS (Lux) Bond SICAV – USD High Yield (USD) Semi-Annual Report as of 30 November 2019
| Class | Q-6%-mdist |
| --- | --- |
| Number of shares outstanding at the beginning of the period | 6 245.2470 |
| Number of shares issued | 2 445.0000 |
| Number of shares redeemed | -775.0000 |
| Number of shares outstanding at the end of the period | 7 915.2470 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 143 384.7100 |
| Number of shares issued | 27 543.9690 |
| Number of shares redeemed | -45 348.4280 |
| Number of shares outstanding at the end of the period | 125 580.2510 |
| Class | (CHF hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 165 218.9730 |
| Number of shares issued | 4 030.2970 |
| Number of shares redeemed | -10 120.9130 |
| Number of shares outstanding at the end of the period | 159 128.3570 |
| Class | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 13 430.1790 |
| Number of shares issued | 1 908.8720 |
| Number of shares redeemed | -126.2560 |
| Number of shares outstanding at the end of the period | 15 212.7950 |
| Class | Q-mdist |
| Number of shares outstanding at the beginning of the period | 58 678.5890 |
| Number of shares issued | 10 609.0000 |
| Number of shares redeemed | -2 078.5260 |
| Number of shares outstanding at the end of the period | 67 209.0630 |
| Class | U-X-acc |
| Number of shares outstanding at the beginning of the period | 24 805.7340 |
| Number of shares issued | 684.0000 |
| Number of shares redeemed | -1 540.0000 |
| Number of shares outstanding at the end of the period | 23 949.7340 |
| Class | U-X-UKdist-mdist |
| Number of shares outstanding at the beginning of the period | 543.0000 |
| Number of shares issued | 1 156.0000 |
| Number of shares redeemed | -67.0000 |
| Number of shares outstanding at the end of the period | 1 632.0000 |

| Monthly Distribution 1 |  |
| --- | --- |
| UBS (Lux) Bond SICAV – USD High Yield (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| I-A2-mdist | 17.6.2019 | 20.6.2019 | USD | 0.33 |
| I-A2-mdist | 15.7.2019 | 18.7.2019 | USD | 0.33 |
| I-A2-mdist | 16.8.2019 | 21.8.2019 | USD | 0.33 |
| I-A2-mdist | 16.9.2019 | 19.9.2019 | USD | 0.33 |
| I-A2-mdist | 15.10.2019 | 18.10.2019 | USD | 0.33 |
| I-A2-mdist | 15.11.2019 | 20.11.2019 | USD | 0.33 |
| P-6%-mdist | 11.6.2019 | 14.6.2019 | USD | 0.43 |
| P-6%-mdist | 10.7.2019 | 15.7.2019 | USD | 0.44 |
| P-6%-mdist | 12.8.2019 | 16.8.2019 | USD | 0.44 |
| P-6%-mdist | 10.9.2019 | 13.9.2019 | USD | 0.44 |
| P-6%-mdist | 10.10.2019 | 15.10.2019 | USD | 0.43 |
| P-6%-mdist | 11.11.2019 | 14.11.2019 | USD | 0.43 |
| P-mdist | 17.6.2019 | 20.6.2019 | USD | 0.46 |
| P-mdist | 15.7.2019 | 18.7.2019 | USD | 0.46 |
| P-mdist | 16.8.2019 | 21.8.2019 | USD | 0.46 |
| P-mdist | 16.9.2019 | 19.9.2019 | USD | 0.46 |
| P-mdist | 15.10.2019 | 18.10.2019 | USD | 0.46 |
| P-mdist | 15.11.2019 | 20.11.2019 | USD | 0.46 |
| Q-6%-mdist | 11.6.2019 | 14.6.2019 | USD | 0.50 |
| Q-6%-mdist | 10.7.2019 | 15.7.2019 | USD | 0.51 |
| Q-6%-mdist | 12.8.2019 | 16.8.2019 | USD | 0.51 |
| Q-6%-mdist | 10.9.2019 | 13.9.2019 | USD | 0.51 |
| Q-6%-mdist | 10.10.2019 | 15.10.2019 | USD | 0.51 |
| Q-6%-mdist | 11.11.2019 | 14.11.2019 | USD | 0.51 |
| Q-mdist | 17.6.2019 | 20.6.2019 | USD | 0.53 |
| Q-mdist | 15.7.2019 | 18.7.2019 | USD | 0.53 |
| Q-mdist | 16.8.2019 | 21.8.2019 | USD | 0.53 |
| Q-mdist | 16.9.2019 | 19.9.2019 | USD | 0.53 |
| Q-mdist | 15.10.2019 | 18.10.2019 | USD | 0.53 |
| Q-mdist | 15.11.2019 | 20.11.2019 | USD | 0.53 |
| U-X-UKdist-mdist | 17.6.2019 | 20.6.2019 | USD | 52.76 |
| U-X-UKdist-mdist | 15.7.2019 | 18.7.2019 | USD | 44.69 |
| U-X-UKdist-mdist | 30.7.2019 | 2.8.2019 | USD | 130.95 |
| U-X-UKdist-mdist | 16.8.2019 | 21.8.2019 | USD | 54.71 |
| U-X-UKdist-mdist | 16.9.2019 | 19.9.2019 | USD | 46.73 |
| U-X-UKdist-mdist | 15.10.2019 | 18.10.2019 | USD | 43.38 |
| U-X-UKdist-mdist | 15.11.2019 | 20.11.2019 | USD | 48.72 |
| 1  See note 5 |  |  |  |  |

UBS (Lux) Bond SICAV – USD High Yield (USD) Semi-Annual Report as of 30 November 2019

## Statement of Investments in Securities and other Net Assets as of 30 November 2019
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 2 000 000.00 | 2 453 505.52 | 0.24 |
| EUR	ALTICE LUXEMBOURG SA-REG-S 8.00000% 19-15.05.27 | 3 400 000.00 | 4 154 277.05 | 0.41 |
| EUR	ARD FINANCE SA-REG-S (PIK) 5.00000% 19-30.06.27 | 3 205 000.00 | 3 522 948.80 | 0.35 |
| EUR	ARDAGH PACKAGING FINANCE/MP-REG-S 2.12500% 19-15.08.26 | 1 670 000.00 | 1 894 280.58 | 0.19 |
| EUR	DKT FINANCE APS-REG-S 7.00000% 18-17.06.23 | 3 000 000.00 | 3 489 927.47 | 0.35 |
| EUR	INFOR US INC 5.75000% 16-15.05.22 | 3 300 000.00 | 3 682 242.96 | 0.36 |
| EUR	IQVIA INC-REG-S 2.25000% 19-15.01.28 | 1 040 000.00 | 1 175 142.26 | 0.12 |
| EUR	VALEANT PHARMACEUTICALS INTL-REG-S 4.50000% 15-15.05.23 | 1 525 000.00 | 1 702 483.32 | 0.17 |
| Total EUR |  | 22 074 807.96 | 2.19 |
| USD |  |  |  |
| USD	AECOM TECHNOLOGY CORP 5.87500% 15-15.10.24 | 4 500 000.00 | 4 916 250.00 | 0.49 |
| USD	AECOM TECHNOLOGY CORP 5.12500% 17-15.03.27 | 1 525 000.00 | 1 624 125.00 | 0.16 |
| USD	ALTICE FINANCING SA-144A 6.62500% 15-15.02.23 | 5 475 000.00 | 5 598 187.50 | 0.56 |
| USD	ALTICE FRANCE-144A 7.37500% 16-01.05.26 | 5 625 000.00 | 6 004 687.50 | 0.60 |
| USD	ALTICE LUXEMBOURG SA-144A 10.50000% 19-15.05.27 | 2 960 000.00 | 3 367 888.00 | 0.33 |
| USD	ARD FINANCE SA-144A (PIK) 6.50000% 19-30.06.27 | 1 000 000.00 | 996 450.00 | 0.10 |
| USD	BED BATH & BEYOND INC 5.16500% 14-01.08.44 | 3 750 000.00 | 2 552 325.00 | 0.25 |
| USD	BOMBARDIER INC-144A 8.75000% 16-01.12.21 | 2 250 000.00 | 2 435 625.00 | 0.24 |
| USD	BUCKEYE PARTNERS LP 5.85000% 13-15.11.43 | 1 200 000.00 | 1 024 485.77 | 0.10 |
| USD	BUCKEYE PARTNERS LP 4.12500% 17-01.12.27 | 5 010 000.00 | 4 609 213.97 | 0.46 |
| USD	CABLEVISION SYSTEMS CORP 5.87500% 12-15.09.22 | 3 500 000.00 | 3 771 250.00 | 0.37 |
| USD	CALLON PETROLEUM CO 6.12500% 17-01.10.24 | 1 550 000.00 | 1 472 500.00 | 0.15 |
| USD	CALPINE CORP 5.37500% 14-15.01.23 | 5 590 000.00 | 5 666 862.50 | 0.56 |
| USD	CENTURYLINK INC 7.50000% 16-01.04.24 | 4 425 000.00 | 4 978 125.00 | 0.49 |
| USD	CF INDUSTRIES INC 5.37500% 14-15.03.44 | 2 775 000.00 | 2 962 312.50 | 0.29 |
| USD	CHESAPEAKE 7.00000% 18-01.10.24 | 950 000.00 | 484 500.00 | 0.05 |
| USD	CINEMARK USA INC 4.87500% 13-01.06.23 | 2 950 000.00 | 2 994 250.00 | 0.30 |
| USD	CNO FINANCIAL GROUP INC 5.25000% 19-30.05.29 | 985 000.00 | 1 091 453.88 | 0.11 |
| USD	CODERE FINANCE 2 LUX SA-144A 7.62500% 16-01.11.21 | 4 000 000.00 | 3 607 728.00 | 0.36 |
| USD	COVANTA HOLDING CORP 5.87500% 17-01.07.25 | 3 475 000.00 | 3 631 375.00 | 0.36 |
| USD	CRESTWOOD MIDSTREAM PART LP/FIN 5.75000% 17-01.04.25 | 3 170 000.00 | 3 186 801.00 | 0.32 |
| USD	DANA INC 5.37500% 19-15.11.27 | 1 845 000.00 | 1 868 431.50 | 0.19 |
| USD	ENCOMPASS HEALTH CORP 4.50000% 19-01.02.28 | 2 510 000.00 | 2 572 750.00 | 0.26 |
| USD	EQUINIX INC 5.37500% 17-15.05.27 | 4 710 000.00 | 5 104 462.50 | 0.51 |
| USD	FREEPORT-MCMORAN INC 4.55000% 14-14.11.24 | 1 910 000.00 | 2 007 333.60 | 0.20 |
| USD	GANNETT CO INC 6.37500% 13-15.10.23 | 5 894 000.00 | 6 078 187.50 | 0.60 |
| USD	GEMS MENASA CAYMAN LTD/GEDL-144A 7.12500% 19-31.07.26 | 3 660 000.00 | 3 844 143.75 | 0.38 |
| USD	GENESIS ENERGY LP 6.25000% 17-15.05.26 | 3 095 000.00 | 2 698 236.47 | 0.27 |
| USD	HCA INC 5.25000% 16-15.06.26 | 2 400 000.00 | 2 681 613.36 | 0.27 |
| USD	HCA INC 7.50000% 11-15.02.22 | 3 265 000.00 | 3 615 987.50 | 0.36 |
| USD	HILTON GRAND VACATION BORROWER LLC 6.12500% 18-01.12.24 | 2 825 000.00 | 3 065 125.00 | 0.30 |
| USD	INTERNATIONAL GAME TECHNOLOGY PLC-144A 6.50000% 15-15.02.25 | 4 550 000.00 | 5 084 625.00 | 0.51 |
| USD	INTERNATIONAL GAME TECHNOLOGY PLC-144A 6.25000% 18-15.01.27 | 1 975 000.00 | 2 216 937.50 | 0.22 |
| USD	ISTAR INC 4.75000% 19-01.10.24 | 2 305 000.00 | 2 366 946.87 | 0.24 |
| USD	KB HOME 4.80000% 19-15.11.29 | 925 000.00 | 936 562.50 | 0.09 |
| USD	KB HOME 6.87500% 19-15.06.27 | 4 735 000.00 | 5 393 662.17 | 0.54 |
| USD	LEVEL 3 FINANCING INC 5.37500% 16-01.05.25 | 3 300 000.00 | 3 415 500.00 | 0.34 |
| USD	NOBLE HOLDING INTERNATIONAL LTD 6.20000% 10-01.08.40 | 2 815 000.00 | 943 025.00 | 0.09 |
| USD	NRG ENERGY INC 7.25000% 17-15.05.26 | 2 615 000.00 | 2 863 372.70 | 0.28 |
| USD	PULTEGROUP INC 5.50000% 16-01.03.26 | 2 840 000.00 | 3 148 850.00 | 0.31 |
| USD	RANGE RESOURCES CORP 4.87500% 16-15.05.25 | 1 185 000.00 | 965 775.00 | 0.10 |
| USD	RHP HOTEL PROPERTIES/RHP FINANCE 5.00000% 15-15.04.23 | 2 375 000.00 | 2 428 437.50 | 0.24 |
| USD	SERVICE CORP INTERNATIONAL 5.12500% 19-01.06.29 | 2 375 000.00 | 2 535 312.50 | 0.25 |
| USD	SM ENERGY CO 6.12500% 15-15.11.22 | 1 607 000.00 | 1 566 825.00 | 0.16 |
| USD	SM ENERGY CO 6.62500% 18-15.01.27 | 870 000.00 | 791 700.00 | 0.08 |
| USD	SM ENERGY CO 6.75000% 16-15.09.26 | 2 250 000.00 | 2 047 500.00 | 0.20 |
| USD	SOUTHWESTERN ENERGY CO 7.50000% 17-01.04.26 | 3 075 000.00 | 2 694 468.75 | 0.27 |
| USD	SPRINGLEAF FINANCE CORP 5.62500% 17-15.03.23 | 3 325 000.00 | 3 561 906.25 | 0.35 |
| USD	SPRINGLEAF FINANCE CORP 6.87500% 18-15.03.25 | 2 155 000.00 | 2 461 074.65 | 0.24 |
| USD	SPRINGLEAF FINANCE CORP 7.12500% 18-15.03.26 | 2 470 000.00 | 2 846 675.00 | 0.28 |
| USD	SPRINGLEAF FINANCE CORP 6.12500% 19-15.03.24 | 2 500 000.00 | 2 737 525.00 | 0.27 |
| USD	SPRINGLEAF FINANCE CORP 5.37500% 19-15.11.29 | 925 000.00 | 952 750.00 | 0.09 |
| USD	T-MOBILE USA INC 6.37500% 14-01.03.25 | 4 625 000.00 | 4 798 437.50 | 0.48 |
| USD	TELECOM ITALIA CAPITAL 7.20000% 06-18.07.36 | 940 000.00 | 1 100 317.00 | 0.11 |
| USD	TENET HEALTHCARE CORP 4.62500% 17-15.07.24 | 3 870 000.00 | 4 005 450.00 | 0.40 |
| USD	TENET HEALTHCARE CORP III 5.12500% 17-01.05.25 | 3 360 000.00 | 3 452 400.00 | 0.34 |
| USD	TRANSDIGM INC-SUB 6.50000% 15-15.05.25 | 4 360 000.00 | 4 528 950.00 | 0.45 |
| USD	TRANSOCEAN LTD 6.80000% 07-15.03.38 | 1 350 000.00 | 832 720.50 | 0.08 |
| USD	TRANSOCEAN PHOENIX 2 LTD-144A 7.75000% 16-15.10.24 | 2 700 000.00 | 1 965 600.00 | 0.20 |
| USD	TRIVIUM PACKAGING FINANCE BV-144A 5.50000% 19-15.08.26 | 200 000.00 | 210 003.00 | 0.02 |
| USD	TRIVIUM PACKAGING FINANCE BV-144A 8.50000% 19-15.08.27 | 200 000.00 | 217 500.00 | 0.02 |
| USD	UNITED RENTALS NORTH AMERICA INC 6.50000% 18-15.12.26 | 1 815 000.00 | 1 981 263.07 | 0.20 |
| USD	UNITED RENTALS NORTH AMERICA INC 3.87500% 19-15.11.27 | 2 875 000.00 | 2 900 156.25 | 0.29 |
| USD	VIRGIN MEDIA SECURED FINANCE PLC-144A 5.50000% 16-15.08.26 | 2 325 000.00 | 2 444 109.75 | 0.24 |
| USD	WELLCARE HEALTH PLANS INC 5.25000% 17-01.04.25 | 3 780 000.00 | 3 954 825.00 | 0.39 |
| USD	WESTERN DIGITAL CORP 4.75000% 18-15.02.26 | 4 675 000.00 | 4 815 250.00 | 0.48 |
| USD	ZIGGO BV-144A 4.87500% 19-15.01.30 | 4 000 000.00 | 4 083 682.40 | 0.41 |
| USD	ZIGGO BV-144A 5.50000% 16-15.01.27 | 4 750 000.00 | 5 029 300.00 | 0.50 |
| Total USD |  | 198 792 062.66 | 19.75 |
| Total Notes, fixed rate |  | 220 866 870.62 | 21.94 |

UBS (Lux) Bond SICAV – USD High Yield (USD) Semi-Annual Report as of 30 November 2019
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	CREDIT AGRICOLE SA-144A-SUB 8.125%/VAR 16-PRP | 3 725 000.00 | 4 493 281.25 | 0.45 |
| Total USD |  | 4 493 281.25 | 0.45 |
| Total Notes, floating rate |  | 4 493 281.25 | 0.45 |
| Medium term notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	COTT CORP-144A 5.50000% 16-01.07.24 | 2 000 000.00 | 2 295 172.16 | 0.23 |
| Total EUR |  | 2 295 172.16 | 0.23 |
| USD |  |  |  |
| USD	NAVIENT CORP 7.25000% 12-25.01.22 | 2 525 000.00 | 2 739 625.00 | 0.27 |
| USD	SPRINT CAPITAL CORPORATION 8.75000% 02-15.03.32 | 880 000.00 | 1 049 400.00 | 0.10 |
| Total USD |  | 3 789 025.00 | 0.37 |
| Total Medium term notes, fixed rate |  | 6 084 197.16 | 0.60 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ALTICE FRANCE-REG-S 3.37500% 19-15.01.28 | 5 545 000.00 | 6 227 073.38 | 0.62 |
| EUR	NETFLIX INC 4.62500% 18-15.05.29 | 4 100 000.00 | 5 004 099.38 | 0.50 |
| Total EUR |  | 11 231 172.76 | 1.12 |
| USD |  |  |  |
| USD	DENBURY RESOURCES INC-144A 9.00000% 16-15.05.21 | 950 000.00 | 833 625.00 | 0.08 |
| USD	HCA INC 5.37500% 15-01.02.25 | 3 765 000.00 | 4 160 325.00 | 0.41 |
| USD	T-MOBILE USA INC 6.50000% 15-15.01.26 | 2 700 000.00 | 2 889 000.00 | 0.29 |
| Total USD |  | 7 882 950.00 | 0.78 |
| Total Bonds, fixed rate |  | 19 114 122.76 | 1.90 |
| Bonds, floating rate |  |  |  |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP-SUB 6.500%/VAR 14-PRP | 2 250 000.00 | 2 548 125.00 | 0.25 |
| USD	CITIGROUP INC-SUB 5.950%/3M LIBOR+406.8BP 12-PRP | 5 585 000.00 | 5 921 607.95 | 0.59 |
| USD	JPMORGAN CHASE & CO-SUB 6.000%/3M LIBOR+330BP 13-PRP | 1 950 000.00 | 2 090 634.00 | 0.21 |
| USD	JPMORGAN CHASE & CO-SUB 6.100%/VAR 14-PRP | 1 050 000.00 | 1 148 437.50 | 0.11 |
| USD	JPMORGAN CHASE &CO-SUB 5.000%/VAR 14-PRP | 3 900 000.00 | 3 915 600.00 | 0.39 |
| USD	ROYAL BANK OF SCOTLAND GROUP PLC 7.64800%/VAR 01-PRP | 1 940 000.00 | 2 776 625.00 | 0.28 |
| USD	STANDARD CHARTERED PLC-144A-SUB 7.014%/VAR 07-PRP | 1 200 000.00 | 1 416 660.00 | 0.14 |
| Total USD |  | 19 817 689.45 | 1.97 |
| Total Bonds, floating rate |  | 19 817 689.45 | 1.97 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3M USTMMR+3.6BP 18-31.10.20 | 8 100 000.00 | 8 093 640.61 | 0.80 |
| Total USD |  | 8 093 640.61 | 0.80 |
| Total Treasury notes, floating rate |  | 8 093 640.61 | 0.80 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 278 469 801.85 | 27.66 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Mortgage Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	PALISADES CENTER TRUST-144A-SUB 4.73700% 16-09.04.33 | 2 700 000.00 | 2 608 397.64 | 0.26 |
| Total USD |  | 2 608 397.64 | 0.26 |
| Total Mortgage Backed Securities, fixed rate |  | 2 608 397.64 | 0.26 |
| Mortgage Backed Securities, floating rate |  |  |  |
| USD |  |  |  |
| USD	BX COMMERCIAL MORTGAGE TRUST-144A 1M LIBOR+180BP 18-15.11.35 | 1 000 000.00 | 768 702.20 | 0.08 |
| USD	CAESARS PALACE LAS VEGAS TRUST-144A-SUB VAR 17-01.10.34 | 3 025 000.00 | 3 134 332.87 | 0.31 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+175BP 19-15.12.37 | 2 780 000.00 | 2 789 530.95 | 0.28 |
| USD	CHT COSMO MORTGAGE TRUST-144A-SUB 1M LIBOR+300BP 17-15.11.36 | 3 475 000.00 | 3 478 233.84 | 0.34 |
| USD	GS MORTGAGE SECURITIES TRUST-144A-SUB VAR 17-01.10.32 | 2 925 000.00 | 2 957 348.75 | 0.29 |
| USD	J.P. MORGAN CHASE COMMERCIAL-144A-SUB VAR 18-15.06.35 | 3 100 000.00 | 3 099 966.83 | 0.31 |
| Total USD |  | 16 228 115.44 | 1.61 |
| Total Mortgage Backed Securities, floating rate |  | 16 228 115.44 | 1.61 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	1011778 BC ULC/NEW RED FINANCE INC-144A 5.00000% 17-15.10.25 | 5 115 000.00 | 5 304 408.45 | 0.53 |
| USD	1011778 BC ULC/NEW RED FINANCE INC-144A 3.87500% 19-15.01.28 | 460 000.00 | 462 903.75 | 0.05 |
| USD	ALBERTSONS COS LLC / SAFEWAY INC-144A 7.50000% 19-15.03.26 | 1 470 000.00 | 1 628 025.00 | 0.16 |
| USD	ALBERTSONS COS LLC / SAFEWAY INC 6.62500% 17-15.06.24 | 3 410 000.00 | 3 577 158.20 | 0.36 |
| USD	ALCOA NEDERLAND HOLDING BV-144A 6.75000% 16-30.09.24 | 765 000.00 | 805 162.50 | 0.08 |
| USD	ALLY FINANCIAL INC 8.00000% 08-01.11.31 | 3 150 000.00 | 4 343 062.50 | 0.43 |

UBS (Lux) Bond SICAV – USD High Yield (USD) Semi-Annual Report as of 30 November 2019
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | AMSTED INDUSTRIES INC-144A 5.62500% 19-01.07.27 | 985 000.00 | 1 039 175.00 | 0.10 |
| USD | ANTERO RESOURCES FIN CORP 5.12500% 14-01.12.22 | 1 000 000.00 | 812 500.00 | 0.08 |
| USD | ARCHROCK PARTNERS LP/FIN CORP-144A 6.87500% 19-01.04.27 | 2 415 000.00 | 2 486 496.07 | 0.25 |
| USD | ASCENT RESOURCES UTICA HOLDINGS-144A 10.00000% 17-01.04.22 | 4 107 000.00 | 3 942 720.00 | 0.39 |
| USD | ASCENT RESOURCES UTICA HOLDINGS-144A 7.00000% 18-01.11.26 | 1 355 000.00 | 1 043 350.00 | 0.10 |
| USD | ASGN INC-144A 4.62500% 19-15.05.28 | 925 000.00 | 929 625.00 | 0.09 |
| USD | ASHTEAD CAPITAL INC-144A 5.25000% 18-01.08.26 | 1 300 000.00 | 1 388 556.00 | 0.14 |
| USD | AVON INTERNATIONAL OPERATIONS INC-144A 7.87500% 16-15.08.22 | 1 400 000.00 | 1 457 750.00 | 0.14 |
| USD | BEAZER HOMES USA INC 5.87500% 18-15.10.27 | 2 455 000.00 | 2 412 037.50 | 0.24 |
| USD | BOISE CASCADE CO-144A 5.62500% 16-01.09.24 | 3 686 000.00 | 3 833 440.00 | 0.38 |
| USD | BOMBARDIER INC-144A 7.50000% 15-15.03.25 | 2 950 000.00 | 2 986 875.00 | 0.30 |
| USD | BOMBARDIER INC-144A 7.50000% 17-01.12.24 | 2 500 000.00 | 2 569 939.00 | 0.26 |
| USD | BOMBARDIER INC-144A 7.87500% 19-15.04.27 | 3 215 000.00 | 3 234 161.40 | 0.32 |
| USD | BOOZ ALLEN HAMILTON INC-144A 5.12500% 17-01.05.25 | 3 350 000.00 | 3 463 062.50 | 0.34 |
| USD | BOYNE USA INC-144A 7.25000% 18-01.05.25 | 1 805 000.00 | 1 958 425.00 | 0.19 |
| USD | BRAND ENERGY & INFRASTRUCTURE SERV-144A 8.50000% 17-15.07.25 | 185 000.00 | 180 375.00 | 0.02 |
| USD | BUILDERS FIRSTSOURCE INC-144A 5.62500% 16-01.09.24 | 5 261 000.00 | 5 471 440.00 | 0.54 |
| USD | BUILDERS FIRSTSOURCE INC-144A 6.75000% 19-01.06.27 | 495 000.00 | 534 404.47 | 0.05 |
| USD | BWAY HOLDING CO-144A 7.25000% 17-15.04.25 | 2 800 000.00 | 2 653 000.00 | 0.26 |
| USD | CALFRAC HOLDINGS LP-144A 8.50000% 18-15.06.26 | 2 935 000.00 | 1 185 006.25 | 0.12 |
| USD | CALIFORNIA RESOURCES CORP-144A 8.00000% 15-15.12.22 | 1 500 000.00 | 375 000.00 | 0.04 |
| USD | CALLON PETROLEUM CO 6.37500% 18-01.07.26 | 950 000.00 | 885 875.00 | 0.09 |
| USD | CARRIZO OIL & GAS INC 6.25000% 15-15.04.23 | 1 080 000.00 | 1 039 500.00 | 0.10 |
| USD | CATALENT PHARMA SOLUTIONS INC-144A 5.00000% 19-15.07.27 | 2 485 000.00 | 2 578 187.50 | 0.26 |
| USD | CBS OUTDOOR AMERICAS CAPITAL LLC-144A 4.62500% 19-15.03.30 | 925 000.00 | 933 676.50 | 0.09 |
| USD | CCO HOLDINGS LLC/CAPITAL CORP-144A 5.87500% 15-01.05.27 | 3 100 000.00 | 3 301 500.00 | 0.33 |
| USD | CCO HOLDINGS LLC/CAPITAL CORP-144A 5.75000% 15-15.02.26 | 7 915 000.00 | 8 359 902.15 | 0.83 |
| USD | CCO HOLDINGS LLC/CAPITAL CORP-144A 5.87500% 16-01.04.24 | 2 400 000.00 | 2 502 000.00 | 0.25 |
| USD | CCO HOLDINGS LLC/CAPITAL CORP-144A 5.50000% 16-01.05.26 | 5 000 000.00 | 5 275 000.00 | 0.52 |
| USD | CCO HOLDINGS LLC/CAPITAL CORP-144A 5.12500% 17-01.05.27 | 460 000.00 | 487 600.00 | 0.05 |
| USD | CDK GLOBAL INC-144A 5.25000% 19-15.05.29 | 925 000.00 | 980 638.75 | 0.10 |
| USD | CENTENE CORP-144A 4.25000% 19-15.12.27 | 1 845 000.00 | 1 898 043.75 | 0.19 |
| USD | CENTENE CORP-144A 4.62500% 19-15.12.29 | 2 215 000.00 | 2 322 981.25 | 0.23 |
| USD | CENTENE CORP-144A 5.37500% 18-01.06.26 | 1 175 000.00 | 1 246 968.75 | 0.12 |
| USD | CENTENNIAL RESOURCE PRODUCTION LLC-144A 6.87500% 19-01.04.27 | 1 730 000.00 | 1 686 940.30 | 0.17 |
| USD | CHANGE HC HLDS LLC/CHNG HC FIN INC-144A 5.75000% 17-01.03.25 | 3 360 000.00 | 3 469 200.00 | 0.34 |
| USD | CHENIERE CORPUS CHRISTI HLDGS LLC 5.87500% 17-31.03.25 | 1 230 000.00 | 1 374 771.00 | 0.14 |
| USD | CHENIERE ENERGY PARTNERS LP-144A 4.50000% 19-01.10.29 | 920 000.00 | 924 876.00 | 0.09 |
| USD | CHOBANI LLC/FINANCE CORP-144A 7.50000% 17-15.04.25 | 2 750 000.00 | 2 605 625.00 | 0.26 |
| USD | CLEAN HARBORS INC-144A 4.87500% 19-15.07.27 | 985 000.00 | 1 032 083.00 | 0.10 |
| USD | CLEAN HARBORS INC-144A 5.12500% 19-15.07.29 | 1 975 000.00 | 2 086 972.62 | 0.21 |
| USD | COMMSCOPE FINANCE LLC-144A 8.25000% 19-01.03.27 | 3 960 000.00 | 3 979 602.00 | 0.40 |
| USD | COMMSCOPE TECHNOLOGIES LLC-144A 6.00000% 15-15.06.25 | 6 770 000.00 | 6 533 050.00 | 0.65 |
| USD | CONSTELLIUM SE-144A 6.62500% 17-01.03.25 | 1 425 000.00 | 1 482 028.50 | 0.15 |
| USD | CRC ESCROW ISSUER LLC / FINCO INC-144A 5.25000% 17-15.10.25 | 3 345 000.00 | 3 456 923.70 | 0.34 |
| USD | CREDIT ACCEPTANCE CORP 7.37500% 15-15.03.23 | 3 420 000.00 | 3 522 600.00 | 0.35 |
| USD | CSC HOLDINGS INC-144A 5.37500% 18-01.02.28 | 1 300 000.00 | 1 374 750.00 | 0.14 |
| USD | CSC HOLDINGS LLC-144A 5.37500% 18-15.07.23 | 2 800 000.00 | 2 876 539.12 | 0.29 |
| USD | CSC HOLDINGS LLC-144A 5.50000% 18-15.05.26 | 5 475 000.00 | 5 783 844.75 | 0.57 |
| USD | CSC HOLDINGS LLC-144A 7.50000% 18-01.04.28 | 1 325 000.00 | 1 492 281.25 | 0.15 |
| USD | CSC HOLDINGS LLC-144A 6.50000% 19-01.02.29 | 3 000 000.00 | 3 346 230.00 | 0.33 |
| USD | CSC HOLDINGS LLC-144A 10.87500% 15-15.10.25 | 2 525 000.00 | 2 840 625.00 | 0.28 |
| USD | CSC HOLDINGS LLC-144A 6.62500% 15-15.10.25 | 1 925 000.00 | 2 048 007.50 | 0.20 |
| USD | CSN RESOURCES SA-144A 7.62500% 18-13.02.23 | 2 500 000.00 | 2 607 812.50 | 0.26 |
| USD | DANA FINANCING LUXEMBOURG SARL-144A 5.75000% 17-15.04.25 | 2 390 000.00 | 2 503 525.00 | 0.25 |
| USD | DCP MIDSTREAM OPERATING LP-144A 6.75000% 07-15.09.37 | 1 475 000.00 | 1 519 250.00 | 0.15 |
| USD | DELL INTERNATIONAL LLC / EMC CORP-144A 6.02000% 16-15.06.26 | 4 000 000.00 | 4 570 834.40 | 0.45 |
| USD | DISH DBS CORP 5.87500% 14-15.11.24 | 2 560 000.00 | 2 556 800.00 | 0.25 |
| USD | EAGLE HOLDING CO II LLC-144A (PIK) 7.62500% 17-15.05.22 | 915 000.00 | 926 437.50 | 0.09 |
| USD | ELDORADO RESORTS INC 6.00000% 19-15.09.26 | 3 225 000.00 | 3 550 080.00 | 0.35 |
| USD | ENDO FINANCE LLC-144A 6.00000% 15-15.07.23 | 1 800 000.00 | 1 170 000.00 | 0.12 |
| USD | ENERGIZER HOLDINGS INC-144A 6.37500% 18-15.07.26 | 1 400 000.00 | 1 494 500.00 | 0.15 |
| USD | ENTERCOM MEDIA CORP-144A 7.25000% 16-01.11.24 | 3 655 000.00 | 3 856 025.00 | 0.38 |
| USD | ENTERPRISE MERGER SUB INC-144A 8.75000% 18-15.10.26 | 1 975 000.00 | 804 812.50 | 0.08 |
| USD | FLEX ACQUISITION CO INC-144A 7.87500% 18-15.07.26 | 5 450 000.00 | 5 204 750.00 | 0.52 |
| USD | FREEPORT-MCMORAN INC 5.45000% 13-15.03.43 | 3 185 000.00 | 3 057 600.00 | 0.30 |
| USD | FRONTIER COMMUNICATIONS CORP 11.00000% 16-15.09.25 | 2 390 000.00 | 1 099 400.00 | 0.11 |
| USD | GENESIS ENERGY LP 5.62500% 14-15.06.24 | 1 700 000.00 | 1 534 250.00 | 0.15 |
| USD | GENESIS ENERGY LP 6.00000% 15-15.05.23 | 1 800 000.00 | 1 682 046.00 | 0.17 |
| USD | GFL ENVIRONMENTAL INC-144A 5.37500% 18-01.03.23 | 3 000 000.00 | 3 015 000.00 | 0.30 |
| USD | GOEASY LTD-144A 5.37500% 19-01.12.24 | 925 000.00 | 931 937.50 | 0.09 |
| USD | GOLDEN NUGGET INC-144A 6.75000% 17-15.10.24 | 2 950 000.00 | 3 045 875.00 | 0.30 |
| USD | GRAY ESCROW INC-144A 7.00000% 18-15.05.27 | 4 440 000.00 | 4 917 300.00 | 0.49 |
| USD | GREIF INC-144A 6.50000% 19-01.03.27 | 985 000.00 | 1 051 487.50 | 0.10 |
| USD | GULFPORT ENERGY CORP 6.37500% 17-15.05.25 | 3 055 000.00 | 1 985 750.00 | 0.20 |
| USD | HARSCO CORP-144A 5.75000% 19-31.07.27 | 985 000.00 | 1 036 712.50 | 0.10 |
| USD | HD SUPPLY INC-144A 5.37500% 18-15.10.26 | 1 820 000.00 | 1 929 200.00 | 0.19 |
| USD | HERC HOLDINGS INC-144A 5.50000% 19-15.07.27 | 2 430 000.00 | 2 542 387.50 | 0.25 |
| USD | HESS INFRASTRUCTURE PART/FIN CORP-144A 5.62500% 17-15.02.26 | 3 075 000.00 | 3 198 000.00 | 0.32 |
| USD | HILCORP ENERGY I LP/FINANCE CO-144A 5.75000% 15-01.10.25 | 3 225 000.00 | 2 801 460.75 | 0.28 |
| USD | HILCORP ENERGY I LP/FINANCE CO-144A 6.25000% 18-01.11.28 | 2 095 000.00 | 1 762 376.85 | 0.18 |
| USD | HILL-ROM HOLDINGS INC-144A 4.37500% 19-15.09.27 | 925 000.00 | 948 125.00 | 0.09 |
| USD | HILTON DOMESTIC OPERATING CO INC 4.25000% 17-01.09.24 | 3 125 000.00 | 3 179 687.50 | 0.32 |
| USD | HOLOGIC INC-144A 4.37500% 17-15.10.25 | 875 000.00 | 901 250.00 | 0.09 |
| USD | HOLOGIC INC-144A 4.62500% 18-01.02.28 | 850 000.00 | 896 750.00 | 0.09 |
| USD | HUB INTERNATIONAL LTD-144A 7.00000% 18-01.05.26 | 4 550 000.00 | 4 663 750.00 | 0.46 |
| USD | HUDBAY MINERALS INC-144A 7.25000% 16-15.01.23 | 2 405 000.00 | 2 465 125.00 | 0.25 |
| USD | IAA SPINCO INC-144A 5.50000% 19-15.06.27 | 2 490 000.00 | 2 618 496.45 | 0.26 |
| USD | INFOR US INC 6.50000% 16-15.05.22 | 2 625 000.00 | 2 674 350.00 | 0.27 |
| USD | INTELSAT JACKSON HOLDINGS SA 5.50000% 14-01.08.23 | 3 585 000.00 | 2 848 999.50 | 0.28 |
| USD | INTELSAT JACKSON HOLDINGS SA-144A 9.75000% 17-15.07.25 | 2 660 000.00 | 2 234 400.00 | 0.22 |
| USD | INTELSAT JACKSON HOLDINGS SA-144A 8.50000% 18-15.10.24 | 1 975 000.00 | 1 628 082.36 | 0.16 |
| USD | IRON MOUNTAIN INC-144A 4.87500% 17-15.09.27 | 2 060 000.00 | 2 116 650.00 | 0.21 |
| USD | JACOBS ENTERTAINMENT INC-144A 7.87500% 17-01.02.24 | 3 300 000.00 | 3 498 000.00 | 0.35 |
| USD | JAGUAR HOLDINGS/PHARMA PROD DEV-144A 6.37500% 15-01.08.23 | 2 480 000.00 | 2 566 800.00 | 0.26 |
| USD | JBS USA LUX SA/FOOD/FINANCE INC-144A 6.50000% 19-15.04.29 | 2 470 000.00 | 2 743 651.30 | 0.27 |

UBS (Lux) Bond SICAV – USD High Yield (USD) Semi-Annual Report as of 30 November 2019
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Unrealized gain | of net |
|  |  |  | (loss) on Futures/ | assets |
|  |  |  | Forward |  |
|  |  |  | Exchange Contracts/ |  |
|  |  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | JBS USA LUX SA/FOOD/FINANCE INC-144A 5.50000% 19-15.01.30 | 1 840 000.00 | 1 961 900.00 | 0.20 |
| USD | JELD-WEN INC-144A 4.62500% 17-15.12.25 | 830 000.00 | 837 262.50 | 0.08 |
| USD | JELD-WEN INC-144A 4.87500% 17-15.12.27 | 1 665 000.00 | 1 667 081.24 | 0.17 |
| USD | JSL EUROPE SA-144A 7.75000% 17-26.07.24 | 2 220 000.00 | 2 376 232.50 | 0.24 |
| USD | KAISER ALUMINUM CORP-144A 4.62500% 19-01.03.28 | 1 845 000.00 | 1 893 708.00 | 0.19 |
| USD | LADDER CAPITAL FIN HLDG LLLP/CORP-144A 5.25000% 17-01.10.25 | 6 245 000.00 | 6 338 675.00 | 0.63 |
| USD | LAMAR MEDIA CORPORATION-SUB 5.00000% 13-01.05.23 | 2 400 000.00 | 2 442 000.00 | 0.24 |
| USD | LENNAR CORP 5.25000% 18-01.06.26 | 2 280 000.00 | 2 490 900.00 | 0.25 |
| USD | LEVEL 3 FINANCING INC 5.25000% 17-15.03.26 | 5 410 000.00 | 5 633 162.50 | 0.56 |
| USD | MATTEL INC-144A 6.75000% 17-31.12.25 | 2 330 000.00 | 2 440 675.00 | 0.24 |
| USD | MEDNAX INC-144A 6.25000% 18-15.01.27 | 1 480 000.00 | 1 505 900.00 | 0.15 |
| USD | MEG ENERGY CORP-144A 6.50000% 17-15.01.25 | 3 600 000.00 | 3 741 984.00 | 0.37 |
| USD | MERITOR INC 6.25000% 14-15.02.24 | 3 245 000.00 | 3 342 350.00 | 0.33 |
| USD | MGM GROWTH POP LP/C0-ISSUER INC 4.50000% 17-01.09.26 | 3 457 000.00 | 3 638 492.50 | 0.36 |
| USD | MOLINA HEALTHCARE INC-144A 4.87500% 17-15.06.25 | 3 565 000.00 | 3 636 300.00 | 0.36 |
| USD | MSCI INC-144A 5.37500% 18-15.05.27 | 835 000.00 | 894 493.75 | 0.09 |
| USD | MSCI INC-144A 5.75000% 15-15.08.25 | 2 800 000.00 | 2 940 000.00 | 0.29 |
| USD | MUELLER WATER PRODUCTS INC-144A 5.50000% 18-15.06.26 | 2 695 000.00 | 2 829 750.00 | 0.28 |
| USD | NABORS INDUSTRIES INC 5.75000% 18-01.02.25 | 2 600 000.00 | 2 028 000.00 | 0.20 |
| USD | NCR CORP 6.37500% 14-15.12.23 | 5 153 000.00 | 5 277 444.95 | 0.52 |
| USD | NETFLIX INC 5.87500% 15-15.02.25 | 5 665 000.00 | 6 204 591.25 | 0.62 |
| USD | NEW ENTERPRISE STONE&LIME CO INC-144A 10.12500% 17-01.04.22 | 5 850 000.00 | 6 149 812.50 | 0.61 |
| USD | NEW ENTERPRISE STONE&LIME CO INC-144A 6.25000% 18-15.03.26 | 3 165 000.00 | 3 315 337.50 | 0.33 |
| USD | NEXSTAR BROADCASTING INC-144A 5.62500% 16-01.08.24 | 3 300 000.00 | 3 440 250.00 | 0.34 |
| USD | NEXSTAR ESCROW INC-144A 5.62500% 19-15.07.27 | 925 000.00 | 974 376.50 | 0.10 |
| USD | NIELSEN FINANCE LLC/CO-144A 5.00000% 14-15.04.22 | 5 050 000.00 | 5 081 562.50 | 0.50 |
| USD | NOBLE HOLDING INTERNATIONAL LTD-144A 7.87500% 18-01.02.26 | 2 600 000.00 | 1 636 375.00 | 0.16 |
| USD | NOVA CHEMICALS CORP-144A 5.25000% 17-01.06.27 | 6 355 000.00 | 6 418 550.00 | 0.64 |
| USD | NOVELIS CORP-144A 5.87500% 16-30.09.26 | 2 750 000.00 | 2 880 625.00 | 0.29 |
| USD | NRG ENERGY INC 6.62500% 17-15.01.27 | 2 960 000.00 | 3 204 200.00 | 0.32 |
| USD | NRG ENERGY INC-144A 5.25000% 19-15.06.29 | 925 000.00 | 991 415.00 | 0.10 |
| USD | OASIS PETROLEUM INC-144A 6.25000% 18-01.05.26 | 2 070 000.00 | 1 485 225.00 | 0.15 |
| USD | PANTHER BF AGGR 2/PANTHER FIN CO-144A 6.25000% 19-15.05.19 | 495 000.00 | 526 249.35 | 0.05 |
| USD | PANTHER BF AGGR 2/PANTHER FIN CO-144A 8.50000% 19-15.05.27 | 2 370 000.00 | 2 420 362.50 | 0.24 |
| USD | PAR PHARMACEUTICAL INC-144A 7.50000% 19-01.04.27 | 1 600 000.00 | 1 512 000.00 | 0.15 |
| USD | PARK AEROSPACE HOLDINGS LTD-144A 5.50000% 17-15.02.24 | 3 700 000.00 | 4 049 280.00 | 0.40 |
| USD | PARK AEROSPACE HOLDINGS LTD-144A 4.50000% 17-15.03.23 | 2 450 000.00 | 2 565 640.00 | 0.26 |
| USD | PATRICK INDUSTRIES INC-144A 7.50000% 19-15.10.27 | 2 510 000.00 | 2 646 305.55 | 0.26 |
| USD | PBF LOGISTICS LP/FINANCE CORP 6.87500% 15-15.05.23 | 2 840 000.00 | 2 926 194.00 | 0.29 |
| USD | PENN NATIONAL GAMING INC-144A 5.62500% 17-15.01.27 | 6 080 000.00 | 6 308 000.00 | 0.63 |
| USD | POST HOLDINGS INC-144A 5.50000% 17-01.03.25 | 3 930 000.00 | 4 121 587.50 | 0.41 |
| USD | POST HOLDINGS INC-144A 5.50000% 19-15.12.29 | 230 000.00 | 240 925.00 | 0.02 |
| USD | PRESTIGE BRANDS INC-144A 6.37500% 16-01.03.24 | 2 290 000.00 | 2 384 462.50 | 0.24 |
| USD | PRIME SEC SER BORROWER LLC/FIN INC-144A 9.25000% 16-15.05.23 | 1 284 000.00 | 1 349 805.00 | 0.13 |
| USD | QEP RESOURCES INC 5.25000% 12-01.05.23 | 3 360 000.00 | 3 192 000.00 | 0.32 |
| USD | QORVO INC 5.50000% 19-15.07.26 | 2 670 000.00 | 2 840 212.50 | 0.28 |
| USD | QUICKEN LOANS INC -144A 5.75000% 15-01.05.25 | 2 925 000.00 | 3 037 978.12 | 0.30 |
| USD | ROYAL CARIBBEAN CRUISES LTD 7.50000% 97-15.10.27 | 2 700 000.00 | 3 457 378.62 | 0.34 |
| USD | RR DONNELLEY & SONS CO 7.87500% 13-15.03.21 | 886 000.00 | 917 010.00 | 0.09 |
| USD | SCIENTIFIC GAMES INTERNATIONAL 10.00000% 14-01.12.22 | 3 052 000.00 | 3 132 878.00 | 0.31 |
| USD | SCIENTIFIC GAMES INTERNATIONAL-144A 5.00000% 17-15.10.25 | 2 425 000.00 | 2 532 985.25 | 0.25 |
| USD | SCIENTIFIC GAMES INTERNATIONAL-144A 8.25000% 19-15.03.26 | 7 030 000.00 | 7 610 678.00 | 0.76 |
| USD | SCIENTIFIC GAMES INTERNATIONAL INC-144A 7.00000% 19-15.05.28 | 1 845 000.00 | 1 923 412.50 | 0.19 |
| USD | SERVICE CORP INTERNATIONAL/US 5.37500% 14-15.05.24 | 2 150 000.00 | 2 214 500.00 | 0.22 |
| USD | SHEA HOMES LP/FNDG CORP-144A 5.87500% 15-01.04.23 | 2 840 000.00 | 2 896 800.00 | 0.29 |
| USD | SHEA HOMES LP/FNDG CORP-144A 6.12500% 15-01.04.25 | 1 450 000.00 | 1 500 750.00 | 0.15 |
| USD | SIRIUS XM RADIO INC-144A 5.37500% 16-15.07.26 | 7 375 000.00 | 7 789 843.75 | 0.77 |
| USD | SIRIUS XM RADIO INC-144A 5.50000% 19-01.07.29 | 2 470 000.00 | 2 652 162.50 | 0.26 |
| USD | SPECTRUM BRANDS INC-144A 5.00000% 19-01.10.29 | 460 000.00 | 469 200.00 | 0.05 |
| USD | SPEEDWAY MOTO/ SPEEDWAY FUNDING II-144A 4.87500% 19-01.11.27 | 2 765 000.00 | 2 751 175.00 | 0.27 |
| USD | SPRINT CORP 7.62500% 15-15.02.25 | 2 345 000.00 | 2 568 478.50 | 0.26 |
| USD | SPRINT CORP 7.87500% 14-15.09.23 | 6 750 000.00 | 7 420 781.25 | 0.74 |
| USD | SPX FLOW INC-144A 5.62500% 16-15.08.24 | 2 680 000.00 | 2 793 900.00 | 0.28 |
| USD | SUMMIT MATERIALS LLC/FIN-144A 6.50000% 19-15.03.27 | 985 000.00 | 1 051 487.50 | 0.10 |
| USD | SUNOCO LP/FINANCE CORP 5.50000% 18-15.02.26 | 2 700 000.00 | 2 791 125.00 | 0.28 |
| USD | TALEN ENERGY SUPPLY LLC-144A 10.50000% 17-15.01.26 | 5 290 000.00 | 4 487 718.60 | 0.45 |
| USD | TALEN ENERGY SUPPLY LLC-144A 6.62500% 19-15.01.28 | 925 000.00 | 906 500.00 | 0.09 |
| USD | TALLGRASS ENRGY PART LP/FIN CORP-144A 5.50000% 17-15.01.28 | 2 345 000.00 | 2 169 171.90 | 0.22 |
| USD | TENET HEALTHCARE CORP 8.12500% 13-01.04.22 | 5 485 000.00 | 5 992 362.50 | 0.60 |
| USD | TENET HEALTHCARE CORP-144A 4.87500% 19-01.01.26 | 2 765 000.00 | 2 872 143.75 | 0.29 |
| USD | TENNANT CO 5.62500% 18-01.05.25 | 3 425 000.00 | 3 570 562.50 | 0.35 |
| USD | TERRAFORM POWER OPERATING LLC-144A 4.75000% 19-15.01.30 | 3 675 000.00 | 3 693 191.25 | 0.37 |
| USD | TMS INTERNATIONAL CORP-144A 7.25000% 17-15.08.25 | 4 000 000.00 | 3 400 000.00 | 0.34 |
| USD | TRANSDIGM INC-144A 6.25000% 19-15.03.26 | 3 500 000.00 | 3 758 125.00 | 0.37 |
| USD | TRANSOCEAN INC-144A 9.00000% 16-15.07.23 | 2 495 000.00 | 2 547 613.31 | 0.25 |
| USD | TRIDENT MERGER SUB INC-144A 6.62500% 17-01.11.25 | 2 615 000.00 | 2 340 425.00 | 0.23 |
| USD | USA COMPRESSION PARTNERS LLC 6.87500% 19-01.04.26 | 3 400 000.00 | 3 493 500.00 | 0.35 |
| USD | VALEANT PHARMACEUTICALS INTL-144A 9.00000% 17-15.12.25 | 6 915 000.00 | 7 796 662.50 | 0.77 |
| USD | VALEANT PHARMACEUTICALS INTL-144A 9.25000% 18-01.04.26 | 3 000 000.00 | 3 434 130.00 | 0.34 |
| USD | VALEANT PHARMACEUTICALS INTL-144A 8.50000% 18-31.01.27 | 4 485 000.00 | 5 079 262.50 | 0.50 |
| USD | VIASAT INC-144A 5.62500% 17-15.09.25 | 2 525 000.00 | 2 562 875.00 | 0.25 |
| USD | VIASAT INC-144A 5.62500% 19-15.04.27 | 915 000.00 | 975 618.75 | 0.10 |
| USD | VIKING CRUISES LTD-144A 5.87500% 17-15.09.27 | 2 370 000.00 | 2 535 900.00 | 0.25 |
| USD | VISTRA OPERATIONS CO LLC-144A 5.50000% 18-01.09.26 | 6 915 000.00 | 7 278 037.50 | 0.72 |
| USD | VISTRA OPERATIONS CO LLC-144A 5.00000% 19-31.07.27 | 4 935 000.00 | 5 126 231.25 | 0.51 |
| USD | WASTE PRO USA INC-144A 5.50000% 18-15.02.26 | 2 766 000.00 | 2 855 895.00 | 0.28 |
| USD | WILLIAM CARTER COMPANY-144A 5.62500% 19-15.03.27 | 660 000.00 | 711 150.00 | 0.07 |
| USD | WILLIAMS SCOTSMAN INTNL INC-144A 6.87500% 18-15.08.23 | 2 470 000.00 | 2 595 153.67 | 0.26 |
| USD | WPX ENERGY INC 5.25000% 14-15.09.24 | 4 820 000.00 | 4 925 895.40 | 0.49 |
| USD | WR GRACE & CO-CONN-144A 5.62500% 14-01.10.24 | 2 300 000.00 | 2 501 250.00 | 0.25 |
| USD | WW INTERNATIONAL INC-144A 8.62500% 17-01.12.25 | 2 500 000.00 | 2 606 250.00 | 0.26 |
| USD | YUM BRANDS INC-144A 4.75000% 19-15.01.30 | 925 000.00 | 957 375.00 | 0.10 |
| Total USD |  |  | 533 613 790.05 | 53.00 |

Total Notes, fixed rate	533 613 790.05	53.00
UBS (Lux) Bond SICAV – USD High Yield (USD) Semi-Annual Report as of 30 November 2019
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |

Bonds, fixed rate
| USD |  |
| --- | --- |
| USD | ALLISON TRANSMISSION INC-144A 5.00000% 16-01.10.24 | 3 105 000.00 | 3 178 743.75 | 0.31 |
| USD | INTELSAT JACKSON HOLDINGS SA-144A 8.00000% 16-15.02.24 | 1 865 000.00 | 1 902 300.00 | 0.19 |
| USD | ISTAR INC 5.25000% 17-15.09.22 | 2 425 000.00 | 2 481 260.00 | 0.25 |
| USD | LIBERTY INTERACTIVE LLC 8.25000% 00-01.02.30 | 2 345 000.00 | 2 342 068.75 | 0.23 |
| Total USD |  |  | 9 904 372.50 | 0.98 |
| Total Bonds, fixed rate | 9 904 372.50 | 0.98 |
| Total Transferable securities and money market instruments traded on another regulated market | 562 354 675.63 | 55.85 |

Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market
Notes, fixed rate
| USD |  |
| --- | --- |
| USD | ALLISON TRANSMISSION INC-144A 5.87500% 19-01.06.29 | 985 000.00 | 1 062 568.75 | 0.10 |
| USD | ASHTEAD CAPITAL INC-144A 4.00000% 19-01.05.28 | 1 800 000.00 | 1 806 750.00 | 0.18 |
| USD | CASCADES INC/CASCADES USA INC-144A 5.12500% 19-15.01.26 | 2 150 000.00 | 2 175 098.88 | 0.22 |
| USD | CDW LLC/CDW FINANCE CORP 4.25000% 19-01.04.28 | 460 000.00 | 480 562.00 | 0.05 |
| USD | CHARLES RIVER LABORATORIES INTER-144A 4.25000% 19-01.05.28 | 925 000.00 | 931 937.50 | 0.09 |
| USD | CHESAPEAKE ENERGY CORP 8.00000% 18-15.06.27 | 1 360 000.00 | 649 400.00 | 0.06 |
| USD | CHS/COMMUNITY HEALTH SYSTEMS INC-144A 8.62500% 18-15.01.24 | 2 320 000.00 | 2 389 600.00 | 0.24 |
| USD | FRONTIER COMMUNICATIONS CORP-144A 8.00000% 19-01.04.27 | 985 000.00 | 1 017 012.50 | 0.10 |
| USD | HUDBAY MINERALS INC-144A 7.62500% 16-15.01.25 | 886 000.00 | 888 215.00 | 0.09 |
| USD | INSTALLED BUILDING PRODUCTS INC-144A 5.75000% 19-01.02.28 | 925 000.00 | 970 093.75 | 0.10 |
| USD | JACK OHIO FIN/ JO FINANCE 1 CORP-144A 6.75000% 16-15.11.21 | 192 000.00 | 195 840.01 | 0.02 |
| USD | JACK OHIO FIN/ JO FINANCE 1 CORP-144A 10.25000% 16-15.11.22 | 1 865 000.00 | 1 976 900.00 | 0.20 |
| USD | JBS USA LLC/JBS USA FINANCE INC-144A 6.75000% 18-15.02.28 | 3 100 000.00 | 3 425 500.00 | 0.34 |
| USD | JEFFERIES FINANCE LLC-144A 7.25000% 17-15.08.24 | 1 955 000.00 | 1 994 100.00 | 0.20 |
| USD | KFC HLDG/PIZZA HUT HLDG/TACO BELL-144A 4.75000% 17-01.06.27 | 2 175 000.00 | 2 262 000.00 | 0.22 |
| USD | PARSLEY ENERGY LLC/FINANCE CORP-144A 5.37500% 16-15.01.25 | 2 445 000.00 | 2 499 963.60 | 0.25 |
| USD | PARTY CITY HOLDINGS INC-144A 6.62500% 18-01.08.26 | 8 700 000.00 | 5 220 000.00 | 0.52 |
| USD | PRECISION DRILLING CORP 7.75000% 17-15.12.23 | 1 600 000.00 | 1 516 000.00 | 0.15 |
| USD | PRECISION DRILLING CORP-144A 7.12500% 17-15.01.26 | 1 025 000.00 | 896 162.63 | 0.09 |
| USD | SUNOCO LP/FINANCE CORP 5.87500% 18-15.03.28 | 1 640 000.00 | 1 722 000.00 | 0.17 |
| USD | T-MOBILE USA INC *ESCROW* 6.37500% 14-01.03.25 | 4 625 000.00 | 0.46 | 0.00 |
| USD | TALEN ENERGY SUPPLY LLC-144A 7.25000% 19-15.05.27 | 460 000.00 | 469 455.30 | 0.05 |
| USD | TARGA RESOURCES PARTNERS 5.12500% 16-01.02.25 | 4 745 000.00 | 4 875 013.00 | 0.48 |
| USD | USA COMPRESSION PRTNR/FIN CORP-144A 6.87500% 19-01.09.27 | 1 480 000.00 | 1 513 744.00 | 0.15 |
| USD | VOC ESCROW LTD-144A 5.00000% 18-15.02.28 | 2 595 000.00 | 2 722 596.15 | 0.27 |
| USD | WEEKLEY HOMES LLC/FINANCE CORP 6.62500% 17-15.08.25 | 3 890 000.00 | 3 977 525.00 | 0.39 |
| Total USD |  |  | 47 638 038.53 | 4.73 |
| Total Notes, fixed rate |  | 47 638 038.53 | 4.73 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	DELEK LOGISTICS PARTNERS LP 6.75000% 18-15.05.25 | 3 595 000.00 | 3 595 000.00 | 0.36 |
| USD	T-MOBILE USA INC *ESCROW* 6.50000% 15-15.01.26 | 2 700 000.00 | 0.27 | 0.00 |
| Total USD |  | 3 595 000.27 | 0.36 |
| Total Bonds, fixed rate |  | 3 595 000.27 | 0.36 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market |  | 51 233 038.80 | 5.09 |
| Recently issued transferable securities and money market instruments |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ALBERTSONS COS INC / SAFEWAY INC-144A 5.87500% 19-15.02.28 | 920 000.00 | 962 550.00 | 0.10 |
| USD	AMERICAN BUILDER & CONTRACT SUPPLY-144A 4.00000% 19-15.01.28 | 925 000.00 | 926 156.25 | 0.09 |
| USD	AVON INTERNATIONAL CAPITAL PLC-144A 6.50000% 19-15.08.22 | 6 124 000.00 | 6 353 650.00 | 0.63 |
| USD	BEACON ROOFING SUPPLY INC-144A 4.50000% 19-15.11.26 | 460 000.00 | 464 600.00 | 0.05 |
| USD	BOYD GAMING CORP-144A 4.75000% 19-01.12.27 | 1 845 000.00 | 1 863 689.85 | 0.18 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 5.37500% 19-01.06.29 | 1 400 000.00 | 1 499 750.00 | 0.15 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 4.75000% 19-01.03.30 | 1 840 000.00 | 1 890 600.00 | 0.19 |
| USD	CRESTWOOD MIDSTREAM PART LP/FIN-144A 5.62500% 19-01.05.27 | 1 840 000.00 | 1 775 554.00 | 0.18 |
| USD	GFL ENVIRONMENTAL INC-144A 8.50000% 19-01.05.27 | 2 525 000.00 | 2 696 489.66 | 0.27 |
| USD	GRAPHIC PACKAGING INTERNATIONAL-144A 4.75000% 19-15.07.27 | 985 000.00 | 1 044 100.00 | 0.10 |
| USD	GW B-CR SECURITY CORP-144A 9.50000% 19-01.11.27 | 2 145 000.00 | 2 230 800.00 | 0.22 |
| USD	HERTZ CORP/THE-144A 7.12500% 19-01.08.26 | 1 840 000.00 | 1 959 600.00 | 0.19 |
| USD	IQVIA INC-144A 5.00000% 19-15.05.27 | 2 440 000.00 | 2 562 000.00 | 0.25 |
| USD	LCPR SENIOR SECURED FINANCING DAC-144A 6.75000% 19-15.10.27 | 2 500 000.00 | 2 578 125.00 | 0.26 |
| USD	MSCI INC-144A 4.00000% 19-15.11.29 | 1 400 000.00 | 1 407 000.00 | 0.14 |
| USD	NCR CORP-144A 6.12500% 19-01.09.29 | 1 380 000.00 | 1 455 900.00 | 0.14 |
| USD	PERFORMANCE FOOD GROUP INC-144A 5.50000% 19-15.10.27 | 925 000.00 | 982 812.50 | 0.10 |
| USD	QORVO INC-144A 4.37500% 19-15.10.29 | 2 765 000.00 | 2 809 931.25 | 0.28 |
| USD	SELECT MEDICAL CORP-144A 6.25000% 19-15.08.26 | 3 505 000.00 | 3 759 112.50 | 0.37 |
| USD	SILGAN HOLDINGS INC-144A 4.12500% 19-01.02.28 | 2 330 000.00 | 2 334 380.40 | 0.23 |
| USD	TELESAT CANADA / TELESAT LLC-144A 6.50000% 19-15.10.27 | 1 840 000.00 | 1 903 491.59 | 0.19 |
| USD	TENET HEALTHCARE CORP-144A 5.12500% 19-01.11.27 | 2 765 000.00 | 2 889 425.00 | 0.29 |
| Total USD |  | 46 349 718.00 | 4.60 |
| Total Notes, fixed rate |  | 46 349 718.00 | 4.60 |
| Total Recently issued transferable securities and money market instruments |  | 46 349 718.00 | 4.60 |

UBS (Lux) Bond SICAV – USD High Yield (USD) Semi-Annual Report as of 30 November 2019
| Description	Quantity/ | Valuation in USD | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |

UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010
Investment funds, open end
Luxembourg
| USD | UBS (LUX) BOND SICAV - ASIAN HIGH YIELD (USD) U-X-ACC | 3 500.00 | 40 815 705.00 | 4.05 |
| --- | --- | --- | --- | --- |
| USD | UBS (LUX) BOND SICAV - MULTI INCOME (USD) U-X-ACC | 500.00 | 5 050 620.00 | 0.50 |
| Total Luxembourg | 45 866 325.00 | 4.55 |
| Total Investment funds, open end | 45 866 325.00 | 4.55 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 45 866 325.00 | 4.55 |
| Total investments in securities | 984 273 559.28 | 97.75 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments not listed on an official stock exchange and not traded on another regulated market |
| Swaps and forward swaps on indices |
|  |  |  |
| USD	BOA/IBOXX USD LIQUID HY TR EQS REC PERF 19-20.03.20	20 000 000.11 | 82 009.94 | 0.01 |
| USD	BOA/IBOXX USD LIQUID HY TR EQS PAYER 3ML 19-20.03.20 |  |  |
| Total Swaps and forward swaps on indices | 82 009.94 | 0.01 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market | 82 009.94 | 0.01 |
| Total Derivative instruments | 82 009.94 | 0.01 |
| Forward Foreign Exchange contracts |  |  |
| Forward Foreign Exchange contracts (Purchase/Sale) |  |  |

| USD | 38 546 046.70 | EUR | 34 865 000.00 | 16.1.2020 | -30 003.35 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 7 139 000.00 | USD | 7 892 735.62 | 16.1.2020 | 6 143.52 | 0.00 |
| CHF | 59 916 800.00 | USD | 60 313 663.91 | 16.1.2020 | -117 632.06 | -0.01 |
| USD | 2 989 143.97 | EUR | 2 702 000.00 | 16.1.2020 | -458.42 | 0.00 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | -141 950.31 | -0.01 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 12 843 328.30 | 1.28 |
| Bank overdraft and other short-term liabilities | -25.16 | 0.00 |
| Other assets and liabilities | 9 852 776.33 | 0.97 |
| Total net assets | 1 006 909 698.38 | 100.00 |

UBS (Lux) Bond SICAV – USD High Yield (USD) Semi-Annual Report as of 30 November 2019

Translation (ENDE, 2019-11-30):
# UBS (Lux) Bond SICAV – USD High Yield (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Nettovermögen in USD |  | 1 006 909 698.38 | 965 150 659.20 | 1 098 109 693.43 |
| Klasse F-acc | LU0396369489 |  |  |  |
| Aktien im Umlauf |  | 437 155.7680 | 405 301.5000 | 330 158.5000 |
| Nettoinventarwert pro Aktie in USD |  | 323.65 | 310.04 | 293.12 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 323.65 | 310.04 | 293.12 |
| Klasse (GBP hedged) F-UKdist 2 | LU0945636156 |  |  |  |
| Aktien im Umlauf |  | - | - | 6 532.6580 |
| Nettoinventarwert pro Aktie in GBP |  | - | - | 97.62 |
| Ausgabe- und Rücknahmepreis pro Aktie in GBP 1 |  | - | - | 97.62 |
| Klasse I-A1-acc | LU0396369992 |  |  |  |
| Aktien im Umlauf |  | 227 215.7660 | 246 762.3270 | 316 125.9590 |
| Nettoinventarwert pro Aktie in USD |  | 159.74 | 153.10 | 144.88 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 159.74 | 153.10 | 144.88 |
| Klasse I-A2-mdist | LU0862612198 |  |  |  |
| Aktien im Umlauf |  | 27 039.6270 | 11 399.6270 | 9 428.6270 |
| Nettoinventarwert pro Aktie in USD |  | 96.48 | 94.37 | 93.14 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 96.48 | 94.37 | 93.14 |
| Klasse I-B-acc | LU0396370651 |  |  |  |
| Aktien im Umlauf |  | 46 437.8970 | 47 297.4590 | 86 131.0700 |
| Nettoinventarwert pro Aktie in USD |  | 168.80 | 161.34 | 151.83 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 168.80 | 161.34 | 151.83 |
| Klasse I-X-acc | LU0396370818 |  |  |  |
| Aktien im Umlauf |  | 77 242.3500 | 98 607.5200 | 152 159.0730 |
| Nettoinventarwert pro Aktie in USD |  | 169.74 | 162.18 | 152.53 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 169.74 | 162.18 | 152.53 |
| Klasse (CHF hedged) I-X-acc | LU1819711182 |  |  |  |
| Aktien im Umlauf |  | 218 178.1950 | 204 287.4650 | 149 827.0000 |
| Nettoinventarwert pro Aktie in CHF |  | 105.95 | 102.84 | 99.88 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 105.95 | 102.84 | 99.88 |
| Klasse (EUR hedged) I-X-acc | LU1554276805 |  |  |  |
| Aktien im Umlauf |  | 25 444.9490 | 13 005.8120 | 23 605.8120 |
| Nettoinventarwert pro Aktie in EUR |  | 109.70 | 106.23 | 102.83 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 109.70 | 106.23 | 102.83 |
| Klasse K-X-acc | LU1801154631 |  |  |  |
| Aktien im Umlauf |  | 99 145.6890 | 30 088.6090 | 30 900.0000 |
| Nettoinventarwert pro Aktie in USD |  | 103.75 | 99.16 | 100.15 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 103.75 | 99.16 | 100.15 |
| Klasse P-6%-mdist | LU1076698411 |  |  |  |
| Aktien im Umlauf |  | 84 614.0010 | 84 982.5020 | 92 723.6770 |
| Nettoinventarwert pro Aktie in USD |  | 87.49 | 86.67 | 87.62 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 87.49 | 86.67 | 87.62 |
| Klasse P-acc | LU0070848972 |  |  |  |
| Aktien im Umlauf |  | 289 605.9080 | 304 680.8520 | 411 401.9700 |
| Nettoinventarwert pro Aktie in USD |  | 307.84 | 296.04 | 282.07 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 307.84 | 296.04 | 282.07 |
| Klasse (CHF hedged) P-acc | LU0566797311 |  |  |  |
| Aktien im Umlauf |  | 146 040.4020 | 154 929.4420 | 196 152.9680 |
| Nettoinventarwert pro Aktie in CHF |  | 135.86 | 132.73 | 130.60 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 135.86 | 132.73 | 130.60 |
| Klasse P-mdist | LU0459103858 |  |  |  |
| Aktien im Umlauf |  | 1 382 021.6200 | 1 351 553.9830 | 1 685 225.0360 |
| Nettoinventarwert pro Aktie in USD |  | 85.79 | 85.19 | 86.57 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 85.79 | 85.19 | 86.57 |
| Klasse Q-6%-mdist | LU1240777455 |  |  |  |
| Aktien im Umlauf |  | 7 915.2470 | 6 245.2470 | 6 872.0260 |
| Nettoinventarwert pro Aktie in USD |  | 102.68 | 101.44 | 102.03 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 102.68 | 101.44 | 102.03 |
| Klasse Q-acc | LU0396369646 |  |  |  |
| Aktien im Umlauf |  | 125 580.2510 | 143 384.7100 | 107 401.8770 |
| Nettoinventarwert pro Aktie in USD |  | 128.28 | 123.03 | 116.60 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 128.28 | 123.03 | 116.60 |

UBS (Lux) Bond SICAV – USD High Yield (USD) Halbjahresbericht per 30. November 2019
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Klasse (CHF hedged) Q-acc | LU1240777299 |  |  |  |
| Aktien im Umlauf |  | 159 128.3570 | 165 218.9730 | 269 066.8770 |
| Nettoinventarwert pro Aktie in CHF |  | 115.43 | 112.47 | 110.06 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 115.43 | 112.47 | 110.06 |
| Klasse (EUR hedged) Q-acc | LU1004768518 |  |  |  |
| Aktien im Umlauf |  | 15 212.7950 | 13 430.1790 | 57 502.8100 |
| Nettoinventarwert pro Aktie in EUR |  | 118.10 | 114.81 | 111.98 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 118.10 | 114.81 | 111.98 |
| Klasse Q-mdist | LU1240777539 |  |  |  |
| Aktien im Umlauf |  | 67 209.0630 | 58 678.5890 | 22 299.9170 |
| Nettoinventarwert pro Aktie in USD |  | 99.65 | 98.67 | 99.37 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 99.65 | 98.67 | 99.37 |
| Klasse U-X-acc | LU0396371030 |  |  |  |
| Aktien im Umlauf |  | 23 949.7340 | 24 805.7340 | 30 787.2360 |
| Nettoinventarwert pro Aktie in USD |  | 19 777.21 | 18 896.80 | 17 772.56 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 19 777.21 | 18 896.80 | 17 772.56 |
| Klasse U-X-UKdist-mdist 3 | LU1839734875 |  |  |  |
| Aktien im Umlauf | 1 632.0000 | 543.0000 | - |
| Nettoinventarwert pro Aktie in USD | 10 089.42 | 10 049.67 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 | 10 089.42 | 10 049.67 | - |
| 1  Siehe Erläuterung 1 2  Die Aktienklasse (GBP hedged) F-UKdist war bis zum 20.12.2018 im Umlauf 3  Erste NAV 12.7.2018 |  |  |  |


## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
Vereinigte Staaten	75.25
Luxemburg	8.23
Kanada	6.02
Frankreich	1.90
Grossbritannien	1.80
Niederlande	1.17
Cayman-Inseln	1.11
Irland	0.70
Vereinigte Arabische Emirate	0.38
Dänemark	0.35
Liberia	0.34
Brasilien	0.26
Bermuda	0.16
Schweiz	0.08
Total	97.75
Wirtschaftliche Aufteilung in % des Nettovermögens	
Finanz- & Beteiligungsgesellschaften	29.31
Telekommunikation	7.27
Gesundheits- & Sozialwesen	6.47
Erdöl	5.90
Internet, Software & IT-Dienste	4.73
Anlagefonds	4.56
Baugewerbe & Baumaterial	4.01
Banken & Kreditinstitute	2.76
Gastgewerbe & Freizeit	2.74
Pharmazeutik, Kosmetik & medizinische Produkte	2.61
Elektrische Geräte & Komponenten	2.28
Maschinen & Apparate	2.27
Energie- & Wasserversorgung	2.13
Bergbau, Kohle & Stahl	2.04
Pfandbriefinstitute & Refinanzierungsgesellschaften	1.87
Computer & Netzwerkausrüster	1.84
Diverse Dienstleistungen	1.82
Umwelt & Recycling	1.52
Grafisches Gewerbe, Verlage & Medien	1.42
Nahrungsmittel & Softdrinks	1.29
Immobilien	1.23
Verpackungsindustrie	1.15
Chemie	0.89
Flugzeug- & Raumfahrtindustrie	0.82
Länder- & Zentralregierungen	0.80
Fahrzeuge	0.70
Diverse Konsumgüter	0.58
Elektronik & Halbleiter	0.56
Edelmetalle und -steine	0.50
Forstwirtschaft, Holz & Papier	0.38
Detailhandel, Warenhäuser	0.35
Landwirtschaft & Fischerei	0.29
Nichteisenmetalle	0.20
Verkehr & Transport	0.19
Versicherungen	0.11
Biotechnologie	0.09
Textilien, Kleidung & Lederwaren	0.07
Total	97.75
UBS (Lux) Bond SICAV – USD High Yield (USD) Halbjahresbericht per 30. November 2019

## Nettovermögensaufstellung
Aktiva	30.11.2019
USD
Wertpapierbestand, Einstandswert	974 130 901.85
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	10 142 657.43	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 984 273 559.28 |
| Bankguthaben, Sicht- und Fristgelder | 12 843 328.30 |
| Forderungen aus Wertpapierverkäufen (Erläuterung 1) | 2 394 022.78 |
| Forderungen aus Zeichnungen | 981 130.97 |
| Zinsforderungen aus Wertpapieren | 13 477 823.07 |
| Forderungen aus Dividenden | 2 121.54 |
| Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1) | -141 950.31 |
| Nicht realisierter Kursgewinn (-verlust) aus Swaps (Erläuterung 1) | 82 009.94 |
| Total Aktiva | 1 013 912 045.57 |
|  |  |
| Passiva |  |
| Kontokorrentkredit | -25.16 |
| Zinsverbindlichkeiten aus Kontokorrentkredit | -3.06 |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -6 089 502.00 |
| Verbindlichkeiten aus Rücknahmen | -638 546.23 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -163 068.46 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -33 673.32 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-77 528.96	 |
| Total Rückstellungen für Aufwendungen | -274 270.74 |
| Total Passiva | -7 002 347.19 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 1 006 909 698.38 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 1.6.2019-30.11.2019 |
| Zinsertrag auf liquide Mittel | 70 757.37 |
| Zinsen auf Wertpapiere | 28 150 885.45 |
| Dividenden | 26 780.78 |
| Zinsertrag auf Swaps (Erläuterung 1) | 606 500.00 |
| Total Erträge | 28 854 923.60 |
|  |  |
| Aufwendungen |  |
| Zinsaufwand auf Swaps (Erläuterung 1) | -783 977.16 |
| Pauschale Verwaltungskommission (Erläuterung 2) | -2 119 050.49 |
| Abonnementsabgabe (Erläuterung 3) | -103 871.76 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -57 413.12 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -3 462.10 |
| Total Aufwendungen | -3 067 774.63 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | 25 787 148.97 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | -4 386 602.50 |
| Realisierter Kursgewinn (-verlust) aus Optionen | 420 477.00 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | 1 077 306.26 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | -295 522.18 |
| Realisierter Kursgewinn (-verlust) aus Swaps | 1 469 948.87 |
| Realisierter Währungsgewinn (-verlust) | 476 143.10 |
| Total der realisierten Gewinne (Verluste) | -1 238 249.45 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | 24 548 899.52 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 18 642 998.79 |
| Nicht realisierte Werterhöhung (-minderung) von Optionen | 307 380.00 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | -855 078.13 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | -318 208.12 |
| Nicht realisierte Werterhöhung (-minderung) von Swaps | -528 499.84 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 17 248 592.70 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 41 797 492.22 |

UBS (Lux) Bond SICAV – USD High Yield (USD) Halbjahresbericht per 30. November 2019
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-30.11.2019 |
| Nettovermögen zu Beginn der Berichtsperiode | 965 150 659.20 |
| Zeichnungen | 122 802 933.92 |
| Rücknahmen | 	-118 012 773.32	 |
| Total Mittelzufluss (-abfluss) | 4 790 160.60 |
| Ausbezahlte Dividende | -4 828 613.64 |
| Nettoerträge (-verluste) aus Anlagen | 25 787 148.97 |
| Total der realisierten Gewinne (Verluste) | -1 238 249.45 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	17 248 592.70	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 41 797 492.22 |
| Nettovermögen am Ende der Berichtsperiode | 1 006 909 698.38 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2019-30.11.2019 |
| Klasse | F-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 405 301.5000 |
| Anzahl der ausgegebenen Aktien | 47 070.2680 |
| Anzahl der zurückgegebenen Aktien | -15 216.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 437 155.7680 |
| Klasse | I-A1-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 246 762.3270 |
| Anzahl der ausgegebenen Aktien | 69 104.5370 |
| Anzahl der zurückgegebenen Aktien | -88 651.0980 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 227 215.7660 |
| Klasse | I-A2-mdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 11 399.6270 |
| Anzahl der ausgegebenen Aktien | 15 640.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 27 039.6270 |
| Klasse | I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 47 297.4590 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -859.5620 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 46 437.8970 |
| Klasse | I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 98 607.5200 |
| Anzahl der ausgegebenen Aktien | 8 485.8990 |
| Anzahl der zurückgegebenen Aktien | -29 851.0690 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 77 242.3500 |
| Klasse | (CHF hedged) I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 204 287.4650 |
| Anzahl der ausgegebenen Aktien | 13 890.7300 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 218 178.1950 |
| Klasse | (EUR hedged) I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 13 005.8120 |
| Anzahl der ausgegebenen Aktien | 37 778.6370 |
| Anzahl der zurückgegebenen Aktien | -25 339.5000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 25 444.9490 |
| Klasse | K-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 30 088.6090 |
| Anzahl der ausgegebenen Aktien | 69 057.0800 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 99 145.6890 |
| Klasse | P-6%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 84 982.5020 |
| Anzahl der ausgegebenen Aktien | 2 559.7830 |
| Anzahl der zurückgegebenen Aktien | -2 928.2840 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 84 614.0010 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 304 680.8520 |
| Anzahl der ausgegebenen Aktien | 105 414.9420 |
| Anzahl der zurückgegebenen Aktien | -120 489.8860 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 289 605.9080 |
| Klasse | (CHF hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 154 929.4420 |
| Anzahl der ausgegebenen Aktien | 2 698.9900 |
| Anzahl der zurückgegebenen Aktien | -11 588.0300 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 146 040.4020 |
| Klasse | P-mdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 1 351 553.9830 |
| Anzahl der ausgegebenen Aktien | 202 719.6130 |
| Anzahl der zurückgegebenen Aktien | -172 251.9760 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 1 382 021.6200 |

UBS (Lux) Bond SICAV – USD High Yield (USD) Halbjahresbericht per 30. November 2019
| Klasse | Q-6%-mdist |
| --- | --- |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 6 245.2470 |
| Anzahl der ausgegebenen Aktien | 2 445.0000 |
| Anzahl der zurückgegebenen Aktien | -775.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 7 915.2470 |
| Klasse | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 143 384.7100 |
| Anzahl der ausgegebenen Aktien | 27 543.9690 |
| Anzahl der zurückgegebenen Aktien | -45 348.4280 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 125 580.2510 |
| Klasse | (CHF hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 165 218.9730 |
| Anzahl der ausgegebenen Aktien | 4 030.2970 |
| Anzahl der zurückgegebenen Aktien | -10 120.9130 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 159 128.3570 |
| Klasse | (EUR hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 13 430.1790 |
| Anzahl der ausgegebenen Aktien | 1 908.8720 |
| Anzahl der zurückgegebenen Aktien | -126.2560 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 15 212.7950 |
| Klasse | Q-mdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 58 678.5890 |
| Anzahl der ausgegebenen Aktien | 10 609.0000 |
| Anzahl der zurückgegebenen Aktien | -2 078.5260 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 67 209.0630 |
| Klasse | U-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 24 805.7340 |
| Anzahl der ausgegebenen Aktien | 684.0000 |
| Anzahl der zurückgegebenen Aktien | -1 540.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 23 949.7340 |
| Klasse | U-X-UKdist-mdist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 543.0000 |
| Anzahl der ausgegebenen Aktien | 1 156.0000 |
| Anzahl der zurückgegebenen Aktien | -67.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 1 632.0000 |

| Monatliche Ausschüttung 1 |  |
| --- | --- |
| UBS (Lux) Bond SICAV – USD High Yield (USD) | Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| I-A2-mdist | 17.6.2019 | 20.6.2019 | USD | 0.33 |
| I-A2-mdist | 15.7.2019 | 18.7.2019 | USD | 0.33 |
| I-A2-mdist | 16.8.2019 | 21.8.2019 | USD | 0.33 |
| I-A2-mdist | 16.9.2019 | 19.9.2019 | USD | 0.33 |
| I-A2-mdist | 15.10.2019 | 18.10.2019 | USD | 0.33 |
| I-A2-mdist | 15.11.2019 | 20.11.2019 | USD | 0.33 |
| P-6%-mdist | 11.6.2019 | 14.6.2019 | USD | 0.43 |
| P-6%-mdist | 10.7.2019 | 15.7.2019 | USD | 0.44 |
| P-6%-mdist | 12.8.2019 | 16.8.2019 | USD | 0.44 |
| P-6%-mdist | 10.9.2019 | 13.9.2019 | USD | 0.44 |
| P-6%-mdist | 10.10.2019 | 15.10.2019 | USD | 0.43 |
| P-6%-mdist | 11.11.2019 | 14.11.2019 | USD | 0.43 |
| P-mdist | 17.6.2019 | 20.6.2019 | USD | 0.46 |
| P-mdist | 15.7.2019 | 18.7.2019 | USD | 0.46 |
| P-mdist | 16.8.2019 | 21.8.2019 | USD | 0.46 |
| P-mdist | 16.9.2019 | 19.9.2019 | USD | 0.46 |
| P-mdist | 15.10.2019 | 18.10.2019 | USD | 0.46 |
| P-mdist | 15.11.2019 | 20.11.2019 | USD | 0.46 |
| Q-6%-mdist | 11.6.2019 | 14.6.2019 | USD | 0.50 |
| Q-6%-mdist | 10.7.2019 | 15.7.2019 | USD | 0.51 |
| Q-6%-mdist | 12.8.2019 | 16.8.2019 | USD | 0.51 |
| Q-6%-mdist | 10.9.2019 | 13.9.2019 | USD | 0.51 |
| Q-6%-mdist | 10.10.2019 | 15.10.2019 | USD | 0.51 |
| Q-6%-mdist | 11.11.2019 | 14.11.2019 | USD | 0.51 |
| Q-mdist | 17.6.2019 | 20.6.2019 | USD | 0.53 |
| Q-mdist | 15.7.2019 | 18.7.2019 | USD | 0.53 |
| Q-mdist | 16.8.2019 | 21.8.2019 | USD | 0.53 |
| Q-mdist | 16.9.2019 | 19.9.2019 | USD | 0.53 |
| Q-mdist | 15.10.2019 | 18.10.2019 | USD | 0.53 |
| Q-mdist | 15.11.2019 | 20.11.2019 | USD | 0.53 |
| U-X-UKdist-mdist | 17.6.2019 | 20.6.2019 | USD | 52.76 |
| U-X-UKdist-mdist | 15.7.2019 | 18.7.2019 | USD | 44.69 |
| U-X-UKdist-mdist | 30.7.2019 | 2.8.2019 | USD | 130.95 |
| U-X-UKdist-mdist | 16.8.2019 | 21.8.2019 | USD | 54.71 |
| U-X-UKdist-mdist | 16.9.2019 | 19.9.2019 | USD | 46.73 |
| U-X-UKdist-mdist | 15.10.2019 | 18.10.2019 | USD | 43.38 |
| U-X-UKdist-mdist | 15.11.2019 | 20.11.2019 | USD | 48.72 |
| 1  Siehe Erläuterung 5 |  |  |  |  |

UBS (Lux) Bond SICAV – USD High Yield (USD) Halbjahresbericht per 30. November 2019

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Notes, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 2 000 000.00 | 2 453 505.52 | 0.24 |
| EUR	ALTICE LUXEMBOURG SA-REG-S 8.00000% 19-15.05.27 | 3 400 000.00 | 4 154 277.05 | 0.41 |
| EUR	ARD FINANCE SA-REG-S (PIK) 5.00000% 19-30.06.27 | 3 205 000.00 | 3 522 948.80 | 0.35 |
| EUR	ARDAGH PACKAGING FINANCE/MP-REG-S 2.12500% 19-15.08.26 | 1 670 000.00 | 1 894 280.58 | 0.19 |
| EUR	DKT FINANCE APS-REG-S 7.00000% 18-17.06.23 | 3 000 000.00 | 3 489 927.47 | 0.35 |
| EUR	INFOR US INC 5.75000% 16-15.05.22 | 3 300 000.00 | 3 682 242.96 | 0.36 |
| EUR	IQVIA INC-REG-S 2.25000% 19-15.01.28 | 1 040 000.00 | 1 175 142.26 | 0.12 |
| EUR	VALEANT PHARMACEUTICALS INTL-REG-S 4.50000% 15-15.05.23 | 1 525 000.00 | 1 702 483.32 | 0.17 |
| Total EUR |  | 22 074 807.96 | 2.19 |
| USD |  |  |  |
| USD	AECOM TECHNOLOGY CORP 5.87500% 15-15.10.24 | 4 500 000.00 | 4 916 250.00 | 0.49 |
| USD	AECOM TECHNOLOGY CORP 5.12500% 17-15.03.27 | 1 525 000.00 | 1 624 125.00 | 0.16 |
| USD	ALTICE FINANCING SA-144A 6.62500% 15-15.02.23 | 5 475 000.00 | 5 598 187.50 | 0.56 |
| USD	ALTICE FRANCE-144A 7.37500% 16-01.05.26 | 5 625 000.00 | 6 004 687.50 | 0.60 |
| USD	ALTICE LUXEMBOURG SA-144A 10.50000% 19-15.05.27 | 2 960 000.00 | 3 367 888.00 | 0.33 |
| USD	ARD FINANCE SA-144A (PIK) 6.50000% 19-30.06.27 | 1 000 000.00 | 996 450.00 | 0.10 |
| USD	BED BATH & BEYOND INC 5.16500% 14-01.08.44 | 3 750 000.00 | 2 552 325.00 | 0.25 |
| USD	BOMBARDIER INC-144A 8.75000% 16-01.12.21 | 2 250 000.00 | 2 435 625.00 | 0.24 |
| USD	BUCKEYE PARTNERS LP 5.85000% 13-15.11.43 | 1 200 000.00 | 1 024 485.77 | 0.10 |
| USD	BUCKEYE PARTNERS LP 4.12500% 17-01.12.27 | 5 010 000.00 | 4 609 213.97 | 0.46 |
| USD	CABLEVISION SYSTEMS CORP 5.87500% 12-15.09.22 | 3 500 000.00 | 3 771 250.00 | 0.37 |
| USD	CALLON PETROLEUM CO 6.12500% 17-01.10.24 | 1 550 000.00 | 1 472 500.00 | 0.15 |
| USD	CALPINE CORP 5.37500% 14-15.01.23 | 5 590 000.00 | 5 666 862.50 | 0.56 |
| USD	CENTURYLINK INC 7.50000% 16-01.04.24 | 4 425 000.00 | 4 978 125.00 | 0.49 |
| USD	CF INDUSTRIES INC 5.37500% 14-15.03.44 | 2 775 000.00 | 2 962 312.50 | 0.29 |
| USD	CHESAPEAKE 7.00000% 18-01.10.24 | 950 000.00 | 484 500.00 | 0.05 |
| USD	CINEMARK USA INC 4.87500% 13-01.06.23 | 2 950 000.00 | 2 994 250.00 | 0.30 |
| USD	CNO FINANCIAL GROUP INC 5.25000% 19-30.05.29 | 985 000.00 | 1 091 453.88 | 0.11 |
| USD	CODERE FINANCE 2 LUX SA-144A 7.62500% 16-01.11.21 | 4 000 000.00 | 3 607 728.00 | 0.36 |
| USD	COVANTA HOLDING CORP 5.87500% 17-01.07.25 | 3 475 000.00 | 3 631 375.00 | 0.36 |
| USD	CRESTWOOD MIDSTREAM PART LP/FIN 5.75000% 17-01.04.25 | 3 170 000.00 | 3 186 801.00 | 0.32 |
| USD	DANA INC 5.37500% 19-15.11.27 | 1 845 000.00 | 1 868 431.50 | 0.19 |
| USD	ENCOMPASS HEALTH CORP 4.50000% 19-01.02.28 | 2 510 000.00 | 2 572 750.00 | 0.26 |
| USD	EQUINIX INC 5.37500% 17-15.05.27 | 4 710 000.00 | 5 104 462.50 | 0.51 |
| USD	FREEPORT-MCMORAN INC 4.55000% 14-14.11.24 | 1 910 000.00 | 2 007 333.60 | 0.20 |
| USD	GANNETT CO INC 6.37500% 13-15.10.23 | 5 894 000.00 | 6 078 187.50 | 0.60 |
| USD	GEMS MENASA CAYMAN LTD/GEDL-144A 7.12500% 19-31.07.26 | 3 660 000.00 | 3 844 143.75 | 0.38 |
| USD	GENESIS ENERGY LP 6.25000% 17-15.05.26 | 3 095 000.00 | 2 698 236.47 | 0.27 |
| USD	HCA INC 5.25000% 16-15.06.26 | 2 400 000.00 | 2 681 613.36 | 0.27 |
| USD	HCA INC 7.50000% 11-15.02.22 | 3 265 000.00 | 3 615 987.50 | 0.36 |
| USD	HILTON GRAND VACATION BORROWER LLC 6.12500% 18-01.12.24 | 2 825 000.00 | 3 065 125.00 | 0.30 |
| USD	INTERNATIONAL GAME TECHNOLOGY PLC-144A 6.50000% 15-15.02.25 | 4 550 000.00 | 5 084 625.00 | 0.51 |
| USD	INTERNATIONAL GAME TECHNOLOGY PLC-144A 6.25000% 18-15.01.27 | 1 975 000.00 | 2 216 937.50 | 0.22 |
| USD	ISTAR INC 4.75000% 19-01.10.24 | 2 305 000.00 | 2 366 946.87 | 0.24 |
| USD	KB HOME 4.80000% 19-15.11.29 | 925 000.00 | 936 562.50 | 0.09 |
| USD	KB HOME 6.87500% 19-15.06.27 | 4 735 000.00 | 5 393 662.17 | 0.54 |
| USD	LEVEL 3 FINANCING INC 5.37500% 16-01.05.25 | 3 300 000.00 | 3 415 500.00 | 0.34 |
| USD	NOBLE HOLDING INTERNATIONAL LTD 6.20000% 10-01.08.40 | 2 815 000.00 | 943 025.00 | 0.09 |
| USD	NRG ENERGY INC 7.25000% 17-15.05.26 | 2 615 000.00 | 2 863 372.70 | 0.28 |
| USD	PULTEGROUP INC 5.50000% 16-01.03.26 | 2 840 000.00 | 3 148 850.00 | 0.31 |
| USD	RANGE RESOURCES CORP 4.87500% 16-15.05.25 | 1 185 000.00 | 965 775.00 | 0.10 |
| USD	RHP HOTEL PROPERTIES/RHP FINANCE 5.00000% 15-15.04.23 | 2 375 000.00 | 2 428 437.50 | 0.24 |
| USD	SERVICE CORP INTERNATIONAL 5.12500% 19-01.06.29 | 2 375 000.00 | 2 535 312.50 | 0.25 |
| USD	SM ENERGY CO 6.12500% 15-15.11.22 | 1 607 000.00 | 1 566 825.00 | 0.16 |
| USD	SM ENERGY CO 6.62500% 18-15.01.27 | 870 000.00 | 791 700.00 | 0.08 |
| USD	SM ENERGY CO 6.75000% 16-15.09.26 | 2 250 000.00 | 2 047 500.00 | 0.20 |
| USD	SOUTHWESTERN ENERGY CO 7.50000% 17-01.04.26 | 3 075 000.00 | 2 694 468.75 | 0.27 |
| USD	SPRINGLEAF FINANCE CORP 5.62500% 17-15.03.23 | 3 325 000.00 | 3 561 906.25 | 0.35 |
| USD	SPRINGLEAF FINANCE CORP 6.87500% 18-15.03.25 | 2 155 000.00 | 2 461 074.65 | 0.24 |
| USD	SPRINGLEAF FINANCE CORP 7.12500% 18-15.03.26 | 2 470 000.00 | 2 846 675.00 | 0.28 |
| USD	SPRINGLEAF FINANCE CORP 6.12500% 19-15.03.24 | 2 500 000.00 | 2 737 525.00 | 0.27 |
| USD	SPRINGLEAF FINANCE CORP 5.37500% 19-15.11.29 | 925 000.00 | 952 750.00 | 0.09 |
| USD	T-MOBILE USA INC 6.37500% 14-01.03.25 | 4 625 000.00 | 4 798 437.50 | 0.48 |
| USD	TELECOM ITALIA CAPITAL 7.20000% 06-18.07.36 | 940 000.00 | 1 100 317.00 | 0.11 |
| USD	TENET HEALTHCARE CORP 4.62500% 17-15.07.24 | 3 870 000.00 | 4 005 450.00 | 0.40 |
| USD	TENET HEALTHCARE CORP III 5.12500% 17-01.05.25 | 3 360 000.00 | 3 452 400.00 | 0.34 |
| USD	TRANSDIGM INC-SUB 6.50000% 15-15.05.25 | 4 360 000.00 | 4 528 950.00 | 0.45 |
| USD	TRANSOCEAN LTD 6.80000% 07-15.03.38 | 1 350 000.00 | 832 720.50 | 0.08 |
| USD	TRANSOCEAN PHOENIX 2 LTD-144A 7.75000% 16-15.10.24 | 2 700 000.00 | 1 965 600.00 | 0.20 |
| USD	TRIVIUM PACKAGING FINANCE BV-144A 5.50000% 19-15.08.26 | 200 000.00 | 210 003.00 | 0.02 |
| USD	TRIVIUM PACKAGING FINANCE BV-144A 8.50000% 19-15.08.27 | 200 000.00 | 217 500.00 | 0.02 |
| USD	UNITED RENTALS NORTH AMERICA INC 6.50000% 18-15.12.26 | 1 815 000.00 | 1 981 263.07 | 0.20 |
| USD	UNITED RENTALS NORTH AMERICA INC 3.87500% 19-15.11.27 | 2 875 000.00 | 2 900 156.25 | 0.29 |
| USD	VIRGIN MEDIA SECURED FINANCE PLC-144A 5.50000% 16-15.08.26 | 2 325 000.00 | 2 444 109.75 | 0.24 |
| USD	WELLCARE HEALTH PLANS INC 5.25000% 17-01.04.25 | 3 780 000.00 | 3 954 825.00 | 0.39 |
| USD	WESTERN DIGITAL CORP 4.75000% 18-15.02.26 | 4 675 000.00 | 4 815 250.00 | 0.48 |
| USD	ZIGGO BV-144A 4.87500% 19-15.01.30 | 4 000 000.00 | 4 083 682.40 | 0.41 |
| USD	ZIGGO BV-144A 5.50000% 16-15.01.27 | 4 750 000.00 | 5 029 300.00 | 0.50 |
| Total USD |  | 198 792 062.66 | 19.75 |
| Total Notes, fester Zins |  | 220 866 870.62 | 21.94 |

UBS (Lux) Bond SICAV – USD High Yield (USD) Halbjahresbericht per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	CREDIT AGRICOLE SA-144A-SUB 8.125%/VAR 16-PRP | 3 725 000.00 | 4 493 281.25 | 0.45 |
| Total USD |  | 4 493 281.25 | 0.45 |
| Total Notes, variabler Zins |  | 4 493 281.25 | 0.45 |
| Medium-Term Notes, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	COTT CORP-144A 5.50000% 16-01.07.24 | 2 000 000.00 | 2 295 172.16 | 0.23 |
| Total EUR |  | 2 295 172.16 | 0.23 |
| USD |  |  |  |
| USD	NAVIENT CORP 7.25000% 12-25.01.22 | 2 525 000.00 | 2 739 625.00 | 0.27 |
| USD	SPRINT CAPITAL CORPORATION 8.75000% 02-15.03.32 | 880 000.00 | 1 049 400.00 | 0.10 |
| Total USD |  | 3 789 025.00 | 0.37 |
| Total Medium-Term Notes, fester Zins |  | 6 084 197.16 | 0.60 |
| Anleihen, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	ALTICE FRANCE-REG-S 3.37500% 19-15.01.28 | 5 545 000.00 | 6 227 073.38 | 0.62 |
| EUR	NETFLIX INC 4.62500% 18-15.05.29 | 4 100 000.00 | 5 004 099.38 | 0.50 |
| Total EUR |  | 11 231 172.76 | 1.12 |
| USD |  |  |  |
| USD	DENBURY RESOURCES INC-144A 9.00000% 16-15.05.21 | 950 000.00 | 833 625.00 | 0.08 |
| USD	HCA INC 5.37500% 15-01.02.25 | 3 765 000.00 | 4 160 325.00 | 0.41 |
| USD	T-MOBILE USA INC 6.50000% 15-15.01.26 | 2 700 000.00 | 2 889 000.00 | 0.29 |
| Total USD |  | 7 882 950.00 | 0.78 |
| Total Anleihen, fester Zins |  | 19 114 122.76 | 1.90 |
| Anleihen, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP-SUB 6.500%/VAR 14-PRP | 2 250 000.00 | 2 548 125.00 | 0.25 |
| USD	CITIGROUP INC-SUB 5.950%/3M LIBOR+406.8BP 12-PRP | 5 585 000.00 | 5 921 607.95 | 0.59 |
| USD	JPMORGAN CHASE & CO-SUB 6.000%/3M LIBOR+330BP 13-PRP | 1 950 000.00 | 2 090 634.00 | 0.21 |
| USD	JPMORGAN CHASE & CO-SUB 6.100%/VAR 14-PRP | 1 050 000.00 | 1 148 437.50 | 0.11 |
| USD	JPMORGAN CHASE &CO-SUB 5.000%/VAR 14-PRP | 3 900 000.00 | 3 915 600.00 | 0.39 |
| USD	ROYAL BANK OF SCOTLAND GROUP PLC 7.64800%/VAR 01-PRP | 1 940 000.00 | 2 776 625.00 | 0.28 |
| USD	STANDARD CHARTERED PLC-144A-SUB 7.014%/VAR 07-PRP | 1 200 000.00 | 1 416 660.00 | 0.14 |
| Total USD |  | 19 817 689.45 | 1.97 |
| Total Anleihen, variabler Zins |  | 19 817 689.45 | 1.97 |
| Treasury-Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3M USTMMR+3.6BP 18-31.10.20 | 8 100 000.00 | 8 093 640.61 | 0.80 |
| Total USD |  | 8 093 640.61 | 0.80 |
| Total Treasury-Notes, variabler Zins | 8 093 640.61 | 0.80 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 278 469 801.85 | 27.66 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Mortgage Backed Securities, fester Zins |  |  |
| USD |  |  |
| USD	PALISADES CENTER TRUST-144A-SUB 4.73700% 16-09.04.33	2 700 000.00 | 2 608 397.64 | 0.26 |
| Total USD | 2 608 397.64 | 0.26 |
| Total Mortgage Backed Securities, fester Zins | 2 608 397.64 | 0.26 |
| Mortgage Backed Securities, variabler Zins |  |  |
| USD |  |  |
| USD	BX COMMERCIAL MORTGAGE TRUST-144A 1M LIBOR+180BP 18-15.11.35	1 000 000.00 | 768 702.20 | 0.08 |
| USD	CAESARS PALACE LAS VEGAS TRUST-144A-SUB VAR 17-01.10.34	3 025 000.00 | 3 134 332.87 | 0.31 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+175BP 19-15.12.37	2 780 000.00 | 2 789 530.95 | 0.28 |
| USD	CHT COSMO MORTGAGE TRUST-144A-SUB 1M LIBOR+300BP 17-15.11.36	3 475 000.00 | 3 478 233.84 | 0.34 |
| USD	GS MORTGAGE SECURITIES TRUST-144A-SUB VAR 17-01.10.32	2 925 000.00 | 2 957 348.75 | 0.29 |
| USD	J.P. MORGAN CHASE COMMERCIAL-144A-SUB VAR 18-15.06.35	3 100 000.00 | 3 099 966.83 | 0.31 |
| Total USD | 16 228 115.44 | 1.61 |
| Total Mortgage Backed Securities, variabler Zins | 16 228 115.44 | 1.61 |
| Notes, fester Zins |  |  |
| USD |  |  |
| USD	1011778 BC ULC/NEW RED FINANCE INC-144A 5.00000% 17-15.10.25	5 115 000.00 | 5 304 408.45 | 0.53 |
| USD	1011778 BC ULC/NEW RED FINANCE INC-144A 3.87500% 19-15.01.28	460 000.00 | 462 903.75 | 0.05 |
| USD	ALBERTSONS COS LLC / SAFEWAY INC-144A 7.50000% 19-15.03.26	1 470 000.00 | 1 628 025.00 | 0.16 |
| USD	ALBERTSONS COS LLC / SAFEWAY INC 6.62500% 17-15.06.24	3 410 000.00 | 3 577 158.20 | 0.36 |
| USD	ALCOA NEDERLAND HOLDING BV-144A 6.75000% 16-30.09.24	765 000.00 | 805 162.50 | 0.08 |
| USD	ALLY FINANCIAL INC 8.00000% 08-01.11.31	3 150 000.00 | 4 343 062.50 | 0.43 |

UBS (Lux) Bond SICAV – USD High Yield (USD) Halbjahresbericht per 30. November 2019
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| USD | AMSTED INDUSTRIES INC-144A 5.62500% 19-01.07.27 | 985 000.00 | 1 039 175.00 | 0.10 |
| USD | ANTERO RESOURCES FIN CORP 5.12500% 14-01.12.22 | 1 000 000.00 | 812 500.00 | 0.08 |
| USD | ARCHROCK PARTNERS LP/FIN CORP-144A 6.87500% 19-01.04.27 | 2 415 000.00 | 2 486 496.07 | 0.25 |
| USD | ASCENT RESOURCES UTICA HOLDINGS-144A 10.00000% 17-01.04.22 | 4 107 000.00 | 3 942 720.00 | 0.39 |
| USD | ASCENT RESOURCES UTICA HOLDINGS-144A 7.00000% 18-01.11.26 | 1 355 000.00 | 1 043 350.00 | 0.10 |
| USD | ASGN INC-144A 4.62500% 19-15.05.28 | 925 000.00 | 929 625.00 | 0.09 |
| USD | ASHTEAD CAPITAL INC-144A 5.25000% 18-01.08.26 | 1 300 000.00 | 1 388 556.00 | 0.14 |
| USD | AVON INTERNATIONAL OPERATIONS INC-144A 7.87500% 16-15.08.22 | 1 400 000.00 | 1 457 750.00 | 0.14 |
| USD | BEAZER HOMES USA INC 5.87500% 18-15.10.27 | 2 455 000.00 | 2 412 037.50 | 0.24 |
| USD | BOISE CASCADE CO-144A 5.62500% 16-01.09.24 | 3 686 000.00 | 3 833 440.00 | 0.38 |
| USD | BOMBARDIER INC-144A 7.50000% 15-15.03.25 | 2 950 000.00 | 2 986 875.00 | 0.30 |
| USD | BOMBARDIER INC-144A 7.50000% 17-01.12.24 | 2 500 000.00 | 2 569 939.00 | 0.26 |
| USD | BOMBARDIER INC-144A 7.87500% 19-15.04.27 | 3 215 000.00 | 3 234 161.40 | 0.32 |
| USD | BOOZ ALLEN HAMILTON INC-144A 5.12500% 17-01.05.25 | 3 350 000.00 | 3 463 062.50 | 0.34 |
| USD | BOYNE USA INC-144A 7.25000% 18-01.05.25 | 1 805 000.00 | 1 958 425.00 | 0.19 |
| USD | BRAND ENERGY & INFRASTRUCTURE SERV-144A 8.50000% 17-15.07.25 | 185 000.00 | 180 375.00 | 0.02 |
| USD | BUILDERS FIRSTSOURCE INC-144A 5.62500% 16-01.09.24 | 5 261 000.00 | 5 471 440.00 | 0.54 |
| USD | BUILDERS FIRSTSOURCE INC-144A 6.75000% 19-01.06.27 | 495 000.00 | 534 404.47 | 0.05 |
| USD | BWAY HOLDING CO-144A 7.25000% 17-15.04.25 | 2 800 000.00 | 2 653 000.00 | 0.26 |
| USD | CALFRAC HOLDINGS LP-144A 8.50000% 18-15.06.26 | 2 935 000.00 | 1 185 006.25 | 0.12 |
| USD | CALIFORNIA RESOURCES CORP-144A 8.00000% 15-15.12.22 | 1 500 000.00 | 375 000.00 | 0.04 |
| USD | CALLON PETROLEUM CO 6.37500% 18-01.07.26 | 950 000.00 | 885 875.00 | 0.09 |
| USD | CARRIZO OIL & GAS INC 6.25000% 15-15.04.23 | 1 080 000.00 | 1 039 500.00 | 0.10 |
| USD | CATALENT PHARMA SOLUTIONS INC-144A 5.00000% 19-15.07.27 | 2 485 000.00 | 2 578 187.50 | 0.26 |
| USD | CBS OUTDOOR AMERICAS CAPITAL LLC-144A 4.62500% 19-15.03.30 | 925 000.00 | 933 676.50 | 0.09 |
| USD | CCO HOLDINGS LLC/CAPITAL CORP-144A 5.87500% 15-01.05.27 | 3 100 000.00 | 3 301 500.00 | 0.33 |
| USD | CCO HOLDINGS LLC/CAPITAL CORP-144A 5.75000% 15-15.02.26 | 7 915 000.00 | 8 359 902.15 | 0.83 |
| USD | CCO HOLDINGS LLC/CAPITAL CORP-144A 5.87500% 16-01.04.24 | 2 400 000.00 | 2 502 000.00 | 0.25 |
| USD | CCO HOLDINGS LLC/CAPITAL CORP-144A 5.50000% 16-01.05.26 | 5 000 000.00 | 5 275 000.00 | 0.52 |
| USD | CCO HOLDINGS LLC/CAPITAL CORP-144A 5.12500% 17-01.05.27 | 460 000.00 | 487 600.00 | 0.05 |
| USD | CDK GLOBAL INC-144A 5.25000% 19-15.05.29 | 925 000.00 | 980 638.75 | 0.10 |
| USD | CENTENE CORP-144A 4.25000% 19-15.12.27 | 1 845 000.00 | 1 898 043.75 | 0.19 |
| USD | CENTENE CORP-144A 4.62500% 19-15.12.29 | 2 215 000.00 | 2 322 981.25 | 0.23 |
| USD | CENTENE CORP-144A 5.37500% 18-01.06.26 | 1 175 000.00 | 1 246 968.75 | 0.12 |
| USD | CENTENNIAL RESOURCE PRODUCTION LLC-144A 6.87500% 19-01.04.27 | 1 730 000.00 | 1 686 940.30 | 0.17 |
| USD | CHANGE HC HLDS LLC/CHNG HC FIN INC-144A 5.75000% 17-01.03.25 | 3 360 000.00 | 3 469 200.00 | 0.34 |
| USD | CHENIERE CORPUS CHRISTI HLDGS LLC 5.87500% 17-31.03.25 | 1 230 000.00 | 1 374 771.00 | 0.14 |
| USD | CHENIERE ENERGY PARTNERS LP-144A 4.50000% 19-01.10.29 | 920 000.00 | 924 876.00 | 0.09 |
| USD | CHOBANI LLC/FINANCE CORP-144A 7.50000% 17-15.04.25 | 2 750 000.00 | 2 605 625.00 | 0.26 |
| USD | CLEAN HARBORS INC-144A 4.87500% 19-15.07.27 | 985 000.00 | 1 032 083.00 | 0.10 |
| USD | CLEAN HARBORS INC-144A 5.12500% 19-15.07.29 | 1 975 000.00 | 2 086 972.62 | 0.21 |
| USD | COMMSCOPE FINANCE LLC-144A 8.25000% 19-01.03.27 | 3 960 000.00 | 3 979 602.00 | 0.40 |
| USD | COMMSCOPE TECHNOLOGIES LLC-144A 6.00000% 15-15.06.25 | 6 770 000.00 | 6 533 050.00 | 0.65 |
| USD | CONSTELLIUM SE-144A 6.62500% 17-01.03.25 | 1 425 000.00 | 1 482 028.50 | 0.15 |
| USD | CRC ESCROW ISSUER LLC / FINCO INC-144A 5.25000% 17-15.10.25 | 3 345 000.00 | 3 456 923.70 | 0.34 |
| USD | CREDIT ACCEPTANCE CORP 7.37500% 15-15.03.23 | 3 420 000.00 | 3 522 600.00 | 0.35 |
| USD | CSC HOLDINGS INC-144A 5.37500% 18-01.02.28 | 1 300 000.00 | 1 374 750.00 | 0.14 |
| USD | CSC HOLDINGS LLC-144A 5.37500% 18-15.07.23 | 2 800 000.00 | 2 876 539.12 | 0.29 |
| USD | CSC HOLDINGS LLC-144A 5.50000% 18-15.05.26 | 5 475 000.00 | 5 783 844.75 | 0.57 |
| USD | CSC HOLDINGS LLC-144A 7.50000% 18-01.04.28 | 1 325 000.00 | 1 492 281.25 | 0.15 |
| USD | CSC HOLDINGS LLC-144A 6.50000% 19-01.02.29 | 3 000 000.00 | 3 346 230.00 | 0.33 |
| USD | CSC HOLDINGS LLC-144A 10.87500% 15-15.10.25 | 2 525 000.00 | 2 840 625.00 | 0.28 |
| USD | CSC HOLDINGS LLC-144A 6.62500% 15-15.10.25 | 1 925 000.00 | 2 048 007.50 | 0.20 |
| USD | CSN RESOURCES SA-144A 7.62500% 18-13.02.23 | 2 500 000.00 | 2 607 812.50 | 0.26 |
| USD | DANA FINANCING LUXEMBOURG SARL-144A 5.75000% 17-15.04.25 | 2 390 000.00 | 2 503 525.00 | 0.25 |
| USD | DCP MIDSTREAM OPERATING LP-144A 6.75000% 07-15.09.37 | 1 475 000.00 | 1 519 250.00 | 0.15 |
| USD | DELL INTERNATIONAL LLC / EMC CORP-144A 6.02000% 16-15.06.26 | 4 000 000.00 | 4 570 834.40 | 0.45 |
| USD | DISH DBS CORP 5.87500% 14-15.11.24 | 2 560 000.00 | 2 556 800.00 | 0.25 |
| USD | EAGLE HOLDING CO II LLC-144A (PIK) 7.62500% 17-15.05.22 | 915 000.00 | 926 437.50 | 0.09 |
| USD | ELDORADO RESORTS INC 6.00000% 19-15.09.26 | 3 225 000.00 | 3 550 080.00 | 0.35 |
| USD | ENDO FINANCE LLC-144A 6.00000% 15-15.07.23 | 1 800 000.00 | 1 170 000.00 | 0.12 |
| USD | ENERGIZER HOLDINGS INC-144A 6.37500% 18-15.07.26 | 1 400 000.00 | 1 494 500.00 | 0.15 |
| USD | ENTERCOM MEDIA CORP-144A 7.25000% 16-01.11.24 | 3 655 000.00 | 3 856 025.00 | 0.38 |
| USD | ENTERPRISE MERGER SUB INC-144A 8.75000% 18-15.10.26 | 1 975 000.00 | 804 812.50 | 0.08 |
| USD | FLEX ACQUISITION CO INC-144A 7.87500% 18-15.07.26 | 5 450 000.00 | 5 204 750.00 | 0.52 |
| USD | FREEPORT-MCMORAN INC 5.45000% 13-15.03.43 | 3 185 000.00 | 3 057 600.00 | 0.30 |
| USD | FRONTIER COMMUNICATIONS CORP 11.00000% 16-15.09.25 | 2 390 000.00 | 1 099 400.00 | 0.11 |
| USD | GENESIS ENERGY LP 5.62500% 14-15.06.24 | 1 700 000.00 | 1 534 250.00 | 0.15 |
| USD | GENESIS ENERGY LP 6.00000% 15-15.05.23 | 1 800 000.00 | 1 682 046.00 | 0.17 |
| USD | GFL ENVIRONMENTAL INC-144A 5.37500% 18-01.03.23 | 3 000 000.00 | 3 015 000.00 | 0.30 |
| USD | GOEASY LTD-144A 5.37500% 19-01.12.24 | 925 000.00 | 931 937.50 | 0.09 |
| USD | GOLDEN NUGGET INC-144A 6.75000% 17-15.10.24 | 2 950 000.00 | 3 045 875.00 | 0.30 |
| USD | GRAY ESCROW INC-144A 7.00000% 18-15.05.27 | 4 440 000.00 | 4 917 300.00 | 0.49 |
| USD | GREIF INC-144A 6.50000% 19-01.03.27 | 985 000.00 | 1 051 487.50 | 0.10 |
| USD | GULFPORT ENERGY CORP 6.37500% 17-15.05.25 | 3 055 000.00 | 1 985 750.00 | 0.20 |
| USD | HARSCO CORP-144A 5.75000% 19-31.07.27 | 985 000.00 | 1 036 712.50 | 0.10 |
| USD | HD SUPPLY INC-144A 5.37500% 18-15.10.26 | 1 820 000.00 | 1 929 200.00 | 0.19 |
| USD | HERC HOLDINGS INC-144A 5.50000% 19-15.07.27 | 2 430 000.00 | 2 542 387.50 | 0.25 |
| USD | HESS INFRASTRUCTURE PART/FIN CORP-144A 5.62500% 17-15.02.26 | 3 075 000.00 | 3 198 000.00 | 0.32 |
| USD | HILCORP ENERGY I LP/FINANCE CO-144A 5.75000% 15-01.10.25 | 3 225 000.00 | 2 801 460.75 | 0.28 |
| USD | HILCORP ENERGY I LP/FINANCE CO-144A 6.25000% 18-01.11.28 | 2 095 000.00 | 1 762 376.85 | 0.18 |
| USD | HILL-ROM HOLDINGS INC-144A 4.37500% 19-15.09.27 | 925 000.00 | 948 125.00 | 0.09 |
| USD | HILTON DOMESTIC OPERATING CO INC 4.25000% 17-01.09.24 | 3 125 000.00 | 3 179 687.50 | 0.32 |
| USD | HOLOGIC INC-144A 4.37500% 17-15.10.25 | 875 000.00 | 901 250.00 | 0.09 |
| USD | HOLOGIC INC-144A 4.62500% 18-01.02.28 | 850 000.00 | 896 750.00 | 0.09 |
| USD | HUB INTERNATIONAL LTD-144A 7.00000% 18-01.05.26 | 4 550 000.00 | 4 663 750.00 | 0.46 |
| USD | HUDBAY MINERALS INC-144A 7.25000% 16-15.01.23 | 2 405 000.00 | 2 465 125.00 | 0.25 |
| USD | IAA SPINCO INC-144A 5.50000% 19-15.06.27 | 2 490 000.00 | 2 618 496.45 | 0.26 |
| USD | INFOR US INC 6.50000% 16-15.05.22 | 2 625 000.00 | 2 674 350.00 | 0.27 |
| USD | INTELSAT JACKSON HOLDINGS SA 5.50000% 14-01.08.23 | 3 585 000.00 | 2 848 999.50 | 0.28 |
| USD | INTELSAT JACKSON HOLDINGS SA-144A 9.75000% 17-15.07.25 | 2 660 000.00 | 2 234 400.00 | 0.22 |
| USD | INTELSAT JACKSON HOLDINGS SA-144A 8.50000% 18-15.10.24 | 1 975 000.00 | 1 628 082.36 | 0.16 |
| USD | IRON MOUNTAIN INC-144A 4.87500% 17-15.09.27 | 2 060 000.00 | 2 116 650.00 | 0.21 |
| USD | JACOBS ENTERTAINMENT INC-144A 7.87500% 17-01.02.24 | 3 300 000.00 | 3 498 000.00 | 0.35 |
| USD | JAGUAR HOLDINGS/PHARMA PROD DEV-144A 6.37500% 15-01.08.23 | 2 480 000.00 | 2 566 800.00 | 0.26 |
| USD | JBS USA LUX SA/FOOD/FINANCE INC-144A 6.50000% 19-15.04.29 | 2 470 000.00 | 2 743 651.30 | 0.27 |

UBS (Lux) Bond SICAV – USD High Yield (USD) Halbjahresbericht per 30. November 2019
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  |  | Nominal | NR Kursgewinn | Netto- |
|  |  |  | (-verlust) auf Futures/ | vermögens |
|  |  |  | Devisentermin- |  |
|  |  |  | kontrakten/ |  |
|  |  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| USD | JBS USA LUX SA/FOOD/FINANCE INC-144A 5.50000% 19-15.01.30 | 1 840 000.00 | 1 961 900.00 | 0.20 |
| USD | JELD-WEN INC-144A 4.62500% 17-15.12.25 | 830 000.00 | 837 262.50 | 0.08 |
| USD | JELD-WEN INC-144A 4.87500% 17-15.12.27 | 1 665 000.00 | 1 667 081.24 | 0.17 |
| USD | JSL EUROPE SA-144A 7.75000% 17-26.07.24 | 2 220 000.00 | 2 376 232.50 | 0.24 |
| USD | KAISER ALUMINUM CORP-144A 4.62500% 19-01.03.28 | 1 845 000.00 | 1 893 708.00 | 0.19 |
| USD | LADDER CAPITAL FIN HLDG LLLP/CORP-144A 5.25000% 17-01.10.25 | 6 245 000.00 | 6 338 675.00 | 0.63 |
| USD | LAMAR MEDIA CORPORATION-SUB 5.00000% 13-01.05.23 | 2 400 000.00 | 2 442 000.00 | 0.24 |
| USD | LENNAR CORP 5.25000% 18-01.06.26 | 2 280 000.00 | 2 490 900.00 | 0.25 |
| USD | LEVEL 3 FINANCING INC 5.25000% 17-15.03.26 | 5 410 000.00 | 5 633 162.50 | 0.56 |
| USD | MATTEL INC-144A 6.75000% 17-31.12.25 | 2 330 000.00 | 2 440 675.00 | 0.24 |
| USD | MEDNAX INC-144A 6.25000% 18-15.01.27 | 1 480 000.00 | 1 505 900.00 | 0.15 |
| USD | MEG ENERGY CORP-144A 6.50000% 17-15.01.25 | 3 600 000.00 | 3 741 984.00 | 0.37 |
| USD | MERITOR INC 6.25000% 14-15.02.24 | 3 245 000.00 | 3 342 350.00 | 0.33 |
| USD | MGM GROWTH POP LP/C0-ISSUER INC 4.50000% 17-01.09.26 | 3 457 000.00 | 3 638 492.50 | 0.36 |
| USD | MOLINA HEALTHCARE INC-144A 4.87500% 17-15.06.25 | 3 565 000.00 | 3 636 300.00 | 0.36 |
| USD | MSCI INC-144A 5.37500% 18-15.05.27 | 835 000.00 | 894 493.75 | 0.09 |
| USD | MSCI INC-144A 5.75000% 15-15.08.25 | 2 800 000.00 | 2 940 000.00 | 0.29 |
| USD | MUELLER WATER PRODUCTS INC-144A 5.50000% 18-15.06.26 | 2 695 000.00 | 2 829 750.00 | 0.28 |
| USD | NABORS INDUSTRIES INC 5.75000% 18-01.02.25 | 2 600 000.00 | 2 028 000.00 | 0.20 |
| USD | NCR CORP 6.37500% 14-15.12.23 | 5 153 000.00 | 5 277 444.95 | 0.52 |
| USD | NETFLIX INC 5.87500% 15-15.02.25 | 5 665 000.00 | 6 204 591.25 | 0.62 |
| USD | NEW ENTERPRISE STONE&LIME CO INC-144A 10.12500% 17-01.04.22 | 5 850 000.00 | 6 149 812.50 | 0.61 |
| USD | NEW ENTERPRISE STONE&LIME CO INC-144A 6.25000% 18-15.03.26 | 3 165 000.00 | 3 315 337.50 | 0.33 |
| USD | NEXSTAR BROADCASTING INC-144A 5.62500% 16-01.08.24 | 3 300 000.00 | 3 440 250.00 | 0.34 |
| USD | NEXSTAR ESCROW INC-144A 5.62500% 19-15.07.27 | 925 000.00 | 974 376.50 | 0.10 |
| USD | NIELSEN FINANCE LLC/CO-144A 5.00000% 14-15.04.22 | 5 050 000.00 | 5 081 562.50 | 0.50 |
| USD | NOBLE HOLDING INTERNATIONAL LTD-144A 7.87500% 18-01.02.26 | 2 600 000.00 | 1 636 375.00 | 0.16 |
| USD | NOVA CHEMICALS CORP-144A 5.25000% 17-01.06.27 | 6 355 000.00 | 6 418 550.00 | 0.64 |
| USD | NOVELIS CORP-144A 5.87500% 16-30.09.26 | 2 750 000.00 | 2 880 625.00 | 0.29 |
| USD | NRG ENERGY INC 6.62500% 17-15.01.27 | 2 960 000.00 | 3 204 200.00 | 0.32 |
| USD | NRG ENERGY INC-144A 5.25000% 19-15.06.29 | 925 000.00 | 991 415.00 | 0.10 |
| USD | OASIS PETROLEUM INC-144A 6.25000% 18-01.05.26 | 2 070 000.00 | 1 485 225.00 | 0.15 |
| USD | PANTHER BF AGGR 2/PANTHER FIN CO-144A 6.25000% 19-15.05.19 | 495 000.00 | 526 249.35 | 0.05 |
| USD | PANTHER BF AGGR 2/PANTHER FIN CO-144A 8.50000% 19-15.05.27 | 2 370 000.00 | 2 420 362.50 | 0.24 |
| USD | PAR PHARMACEUTICAL INC-144A 7.50000% 19-01.04.27 | 1 600 000.00 | 1 512 000.00 | 0.15 |
| USD | PARK AEROSPACE HOLDINGS LTD-144A 5.50000% 17-15.02.24 | 3 700 000.00 | 4 049 280.00 | 0.40 |
| USD | PARK AEROSPACE HOLDINGS LTD-144A 4.50000% 17-15.03.23 | 2 450 000.00 | 2 565 640.00 | 0.26 |
| USD | PATRICK INDUSTRIES INC-144A 7.50000% 19-15.10.27 | 2 510 000.00 | 2 646 305.55 | 0.26 |
| USD | PBF LOGISTICS LP/FINANCE CORP 6.87500% 15-15.05.23 | 2 840 000.00 | 2 926 194.00 | 0.29 |
| USD | PENN NATIONAL GAMING INC-144A 5.62500% 17-15.01.27 | 6 080 000.00 | 6 308 000.00 | 0.63 |
| USD | POST HOLDINGS INC-144A 5.50000% 17-01.03.25 | 3 930 000.00 | 4 121 587.50 | 0.41 |
| USD | POST HOLDINGS INC-144A 5.50000% 19-15.12.29 | 230 000.00 | 240 925.00 | 0.02 |
| USD | PRESTIGE BRANDS INC-144A 6.37500% 16-01.03.24 | 2 290 000.00 | 2 384 462.50 | 0.24 |
| USD | PRIME SEC SER BORROWER LLC/FIN INC-144A 9.25000% 16-15.05.23 | 1 284 000.00 | 1 349 805.00 | 0.13 |
| USD | QEP RESOURCES INC 5.25000% 12-01.05.23 | 3 360 000.00 | 3 192 000.00 | 0.32 |
| USD | QORVO INC 5.50000% 19-15.07.26 | 2 670 000.00 | 2 840 212.50 | 0.28 |
| USD | QUICKEN LOANS INC -144A 5.75000% 15-01.05.25 | 2 925 000.00 | 3 037 978.12 | 0.30 |
| USD | ROYAL CARIBBEAN CRUISES LTD 7.50000% 97-15.10.27 | 2 700 000.00 | 3 457 378.62 | 0.34 |
| USD | RR DONNELLEY & SONS CO 7.87500% 13-15.03.21 | 886 000.00 | 917 010.00 | 0.09 |
| USD | SCIENTIFIC GAMES INTERNATIONAL 10.00000% 14-01.12.22 | 3 052 000.00 | 3 132 878.00 | 0.31 |
| USD | SCIENTIFIC GAMES INTERNATIONAL-144A 5.00000% 17-15.10.25 | 2 425 000.00 | 2 532 985.25 | 0.25 |
| USD | SCIENTIFIC GAMES INTERNATIONAL-144A 8.25000% 19-15.03.26 | 7 030 000.00 | 7 610 678.00 | 0.76 |
| USD | SCIENTIFIC GAMES INTERNATIONAL INC-144A 7.00000% 19-15.05.28 | 1 845 000.00 | 1 923 412.50 | 0.19 |
| USD | SERVICE CORP INTERNATIONAL/US 5.37500% 14-15.05.24 | 2 150 000.00 | 2 214 500.00 | 0.22 |
| USD | SHEA HOMES LP/FNDG CORP-144A 5.87500% 15-01.04.23 | 2 840 000.00 | 2 896 800.00 | 0.29 |
| USD | SHEA HOMES LP/FNDG CORP-144A 6.12500% 15-01.04.25 | 1 450 000.00 | 1 500 750.00 | 0.15 |
| USD | SIRIUS XM RADIO INC-144A 5.37500% 16-15.07.26 | 7 375 000.00 | 7 789 843.75 | 0.77 |
| USD | SIRIUS XM RADIO INC-144A 5.50000% 19-01.07.29 | 2 470 000.00 | 2 652 162.50 | 0.26 |
| USD | SPECTRUM BRANDS INC-144A 5.00000% 19-01.10.29 | 460 000.00 | 469 200.00 | 0.05 |
| USD | SPEEDWAY MOTO/ SPEEDWAY FUNDING II-144A 4.87500% 19-01.11.27 | 2 765 000.00 | 2 751 175.00 | 0.27 |
| USD | SPRINT CORP 7.62500% 15-15.02.25 | 2 345 000.00 | 2 568 478.50 | 0.26 |
| USD | SPRINT CORP 7.87500% 14-15.09.23 | 6 750 000.00 | 7 420 781.25 | 0.74 |
| USD | SPX FLOW INC-144A 5.62500% 16-15.08.24 | 2 680 000.00 | 2 793 900.00 | 0.28 |
| USD | SUMMIT MATERIALS LLC/FIN-144A 6.50000% 19-15.03.27 | 985 000.00 | 1 051 487.50 | 0.10 |
| USD | SUNOCO LP/FINANCE CORP 5.50000% 18-15.02.26 | 2 700 000.00 | 2 791 125.00 | 0.28 |
| USD | TALEN ENERGY SUPPLY LLC-144A 10.50000% 17-15.01.26 | 5 290 000.00 | 4 487 718.60 | 0.45 |
| USD | TALEN ENERGY SUPPLY LLC-144A 6.62500% 19-15.01.28 | 925 000.00 | 906 500.00 | 0.09 |
| USD | TALLGRASS ENRGY PART LP/FIN CORP-144A 5.50000% 17-15.01.28 | 2 345 000.00 | 2 169 171.90 | 0.22 |
| USD | TENET HEALTHCARE CORP 8.12500% 13-01.04.22 | 5 485 000.00 | 5 992 362.50 | 0.60 |
| USD | TENET HEALTHCARE CORP-144A 4.87500% 19-01.01.26 | 2 765 000.00 | 2 872 143.75 | 0.29 |
| USD | TENNANT CO 5.62500% 18-01.05.25 | 3 425 000.00 | 3 570 562.50 | 0.35 |
| USD | TERRAFORM POWER OPERATING LLC-144A 4.75000% 19-15.01.30 | 3 675 000.00 | 3 693 191.25 | 0.37 |
| USD | TMS INTERNATIONAL CORP-144A 7.25000% 17-15.08.25 | 4 000 000.00 | 3 400 000.00 | 0.34 |
| USD | TRANSDIGM INC-144A 6.25000% 19-15.03.26 | 3 500 000.00 | 3 758 125.00 | 0.37 |
| USD | TRANSOCEAN INC-144A 9.00000% 16-15.07.23 | 2 495 000.00 | 2 547 613.31 | 0.25 |
| USD | TRIDENT MERGER SUB INC-144A 6.62500% 17-01.11.25 | 2 615 000.00 | 2 340 425.00 | 0.23 |
| USD | USA COMPRESSION PARTNERS LLC 6.87500% 19-01.04.26 | 3 400 000.00 | 3 493 500.00 | 0.35 |
| USD | VALEANT PHARMACEUTICALS INTL-144A 9.00000% 17-15.12.25 | 6 915 000.00 | 7 796 662.50 | 0.77 |
| USD | VALEANT PHARMACEUTICALS INTL-144A 9.25000% 18-01.04.26 | 3 000 000.00 | 3 434 130.00 | 0.34 |
| USD | VALEANT PHARMACEUTICALS INTL-144A 8.50000% 18-31.01.27 | 4 485 000.00 | 5 079 262.50 | 0.50 |
| USD | VIASAT INC-144A 5.62500% 17-15.09.25 | 2 525 000.00 | 2 562 875.00 | 0.25 |
| USD | VIASAT INC-144A 5.62500% 19-15.04.27 | 915 000.00 | 975 618.75 | 0.10 |
| USD | VIKING CRUISES LTD-144A 5.87500% 17-15.09.27 | 2 370 000.00 | 2 535 900.00 | 0.25 |
| USD | VISTRA OPERATIONS CO LLC-144A 5.50000% 18-01.09.26 | 6 915 000.00 | 7 278 037.50 | 0.72 |
| USD | VISTRA OPERATIONS CO LLC-144A 5.00000% 19-31.07.27 | 4 935 000.00 | 5 126 231.25 | 0.51 |
| USD | WASTE PRO USA INC-144A 5.50000% 18-15.02.26 | 2 766 000.00 | 2 855 895.00 | 0.28 |
| USD | WILLIAM CARTER COMPANY-144A 5.62500% 19-15.03.27 | 660 000.00 | 711 150.00 | 0.07 |
| USD | WILLIAMS SCOTSMAN INTNL INC-144A 6.87500% 18-15.08.23 | 2 470 000.00 | 2 595 153.67 | 0.26 |
| USD | WPX ENERGY INC 5.25000% 14-15.09.24 | 4 820 000.00 | 4 925 895.40 | 0.49 |
| USD | WR GRACE & CO-CONN-144A 5.62500% 14-01.10.24 | 2 300 000.00 | 2 501 250.00 | 0.25 |
| USD | WW INTERNATIONAL INC-144A 8.62500% 17-01.12.25 | 2 500 000.00 | 2 606 250.00 | 0.26 |
| USD | YUM BRANDS INC-144A 4.75000% 19-15.01.30 | 925 000.00 | 957 375.00 | 0.10 |
| Total USD |  |  | 533 613 790.05 | 53.00 |

Total Notes, fester Zins	533 613 790.05	53.00
UBS (Lux) Bond SICAV – USD High Yield (USD) Halbjahresbericht per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	ALLISON TRANSMISSION INC-144A 5.00000% 16-01.10.24 | 3 105 000.00 | 3 178 743.75 | 0.31 |
| USD	INTELSAT JACKSON HOLDINGS SA-144A 8.00000% 16-15.02.24 | 1 865 000.00 | 1 902 300.00 | 0.19 |
| USD	ISTAR INC 5.25000% 17-15.09.22 | 2 425 000.00 | 2 481 260.00 | 0.25 |
| USD	LIBERTY INTERACTIVE LLC 8.25000% 00-01.02.30 | 2 345 000.00 | 2 342 068.75 | 0.23 |
| Total USD |  | 9 904 372.50 | 0.98 |
| Total Anleihen, fester Zins |  | 9 904 372.50 | 0.98 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  | 562 354 675.63 | 55.85 |

Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Notes, fester Zins
| USD |  |
| --- | --- |
| USD | ALLISON TRANSMISSION INC-144A 5.87500% 19-01.06.29 | 985 000.00 | 1 062 568.75 | 0.10 |
| USD | ASHTEAD CAPITAL INC-144A 4.00000% 19-01.05.28 | 1 800 000.00 | 1 806 750.00 | 0.18 |
| USD | CASCADES INC/CASCADES USA INC-144A 5.12500% 19-15.01.26 | 2 150 000.00 | 2 175 098.88 | 0.22 |
| USD | CDW LLC/CDW FINANCE CORP 4.25000% 19-01.04.28 | 460 000.00 | 480 562.00 | 0.05 |
| USD | CHARLES RIVER LABORATORIES INTER-144A 4.25000% 19-01.05.28 | 925 000.00 | 931 937.50 | 0.09 |
| USD | CHESAPEAKE ENERGY CORP 8.00000% 18-15.06.27 | 1 360 000.00 | 649 400.00 | 0.06 |
| USD | CHS/COMMUNITY HEALTH SYSTEMS INC-144A 8.62500% 18-15.01.24 | 2 320 000.00 | 2 389 600.00 | 0.24 |
| USD | FRONTIER COMMUNICATIONS CORP-144A 8.00000% 19-01.04.27 | 985 000.00 | 1 017 012.50 | 0.10 |
| USD | HUDBAY MINERALS INC-144A 7.62500% 16-15.01.25 | 886 000.00 | 888 215.00 | 0.09 |
| USD | INSTALLED BUILDING PRODUCTS INC-144A 5.75000% 19-01.02.28 | 925 000.00 | 970 093.75 | 0.10 |
| USD | JACK OHIO FIN/ JO FINANCE 1 CORP-144A 6.75000% 16-15.11.21 | 192 000.00 | 195 840.01 | 0.02 |
| USD | JACK OHIO FIN/ JO FINANCE 1 CORP-144A 10.25000% 16-15.11.22 | 1 865 000.00 | 1 976 900.00 | 0.20 |
| USD | JBS USA LLC/JBS USA FINANCE INC-144A 6.75000% 18-15.02.28 | 3 100 000.00 | 3 425 500.00 | 0.34 |
| USD | JEFFERIES FINANCE LLC-144A 7.25000% 17-15.08.24 | 1 955 000.00 | 1 994 100.00 | 0.20 |
| USD | KFC HLDG/PIZZA HUT HLDG/TACO BELL-144A 4.75000% 17-01.06.27 | 2 175 000.00 | 2 262 000.00 | 0.22 |
| USD | PARSLEY ENERGY LLC/FINANCE CORP-144A 5.37500% 16-15.01.25 | 2 445 000.00 | 2 499 963.60 | 0.25 |
| USD | PARTY CITY HOLDINGS INC-144A 6.62500% 18-01.08.26 | 8 700 000.00 | 5 220 000.00 | 0.52 |
| USD | PRECISION DRILLING CORP 7.75000% 17-15.12.23 | 1 600 000.00 | 1 516 000.00 | 0.15 |
| USD | PRECISION DRILLING CORP-144A 7.12500% 17-15.01.26 | 1 025 000.00 | 896 162.63 | 0.09 |
| USD | SUNOCO LP/FINANCE CORP 5.87500% 18-15.03.28 | 1 640 000.00 | 1 722 000.00 | 0.17 |
| USD | T-MOBILE USA INC *ESCROW* 6.37500% 14-01.03.25 | 4 625 000.00 | 0.46 | 0.00 |
| USD | TALEN ENERGY SUPPLY LLC-144A 7.25000% 19-15.05.27 | 460 000.00 | 469 455.30 | 0.05 |
| USD | TARGA RESOURCES PARTNERS 5.12500% 16-01.02.25 | 4 745 000.00 | 4 875 013.00 | 0.48 |
| USD | USA COMPRESSION PRTNR/FIN CORP-144A 6.87500% 19-01.09.27 | 1 480 000.00 | 1 513 744.00 | 0.15 |
| USD | VOC ESCROW LTD-144A 5.00000% 18-15.02.28 | 2 595 000.00 | 2 722 596.15 | 0.27 |
| USD | WEEKLEY HOMES LLC/FINANCE CORP 6.62500% 17-15.08.25 | 3 890 000.00 | 3 977 525.00 | 0.39 |
| Total USD |  |  | 47 638 038.53 | 4.73 |
| Total Notes, fester Zins |  | 47 638 038.53 | 4.73 |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	DELEK LOGISTICS PARTNERS LP 6.75000% 18-15.05.25 | 3 595 000.00 | 3 595 000.00 | 0.36 |
| USD	T-MOBILE USA INC *ESCROW* 6.50000% 15-15.01.26 | 2 700 000.00 | 0.27 | 0.00 |
| Total USD |  | 3 595 000.27 | 0.36 |
| Total Anleihen, fester Zins |  | 3 595 000.27 | 0.36 |
| Total Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden |  | 51 233 038.80 | 5.09 |
| Neuemittierte Wertpapiere und Geldmarktinstrumente |  |  |  |
| Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	ALBERTSONS COS INC / SAFEWAY INC-144A 5.87500% 19-15.02.28 | 920 000.00 | 962 550.00 | 0.10 |
| USD	AMERICAN BUILDER & CONTRACT SUPPLY-144A 4.00000% 19-15.01.28 | 925 000.00 | 926 156.25 | 0.09 |
| USD	AVON INTERNATIONAL CAPITAL PLC-144A 6.50000% 19-15.08.22 | 6 124 000.00 | 6 353 650.00 | 0.63 |
| USD	BEACON ROOFING SUPPLY INC-144A 4.50000% 19-15.11.26 | 460 000.00 | 464 600.00 | 0.05 |
| USD	BOYD GAMING CORP-144A 4.75000% 19-01.12.27 | 1 845 000.00 | 1 863 689.85 | 0.18 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 5.37500% 19-01.06.29 | 1 400 000.00 | 1 499 750.00 | 0.15 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 4.75000% 19-01.03.30 | 1 840 000.00 | 1 890 600.00 | 0.19 |
| USD	CRESTWOOD MIDSTREAM PART LP/FIN-144A 5.62500% 19-01.05.27 | 1 840 000.00 | 1 775 554.00 | 0.18 |
| USD	GFL ENVIRONMENTAL INC-144A 8.50000% 19-01.05.27 | 2 525 000.00 | 2 696 489.66 | 0.27 |
| USD	GRAPHIC PACKAGING INTERNATIONAL-144A 4.75000% 19-15.07.27 | 985 000.00 | 1 044 100.00 | 0.10 |
| USD	GW B-CR SECURITY CORP-144A 9.50000% 19-01.11.27 | 2 145 000.00 | 2 230 800.00 | 0.22 |
| USD	HERTZ CORP/THE-144A 7.12500% 19-01.08.26 | 1 840 000.00 | 1 959 600.00 | 0.19 |
| USD	IQVIA INC-144A 5.00000% 19-15.05.27 | 2 440 000.00 | 2 562 000.00 | 0.25 |
| USD	LCPR SENIOR SECURED FINANCING DAC-144A 6.75000% 19-15.10.27 | 2 500 000.00 | 2 578 125.00 | 0.26 |
| USD	MSCI INC-144A 4.00000% 19-15.11.29 | 1 400 000.00 | 1 407 000.00 | 0.14 |
| USD	NCR CORP-144A 6.12500% 19-01.09.29 | 1 380 000.00 | 1 455 900.00 | 0.14 |
| USD	PERFORMANCE FOOD GROUP INC-144A 5.50000% 19-15.10.27 | 925 000.00 | 982 812.50 | 0.10 |
| USD	QORVO INC-144A 4.37500% 19-15.10.29 | 2 765 000.00 | 2 809 931.25 | 0.28 |
| USD	SELECT MEDICAL CORP-144A 6.25000% 19-15.08.26 | 3 505 000.00 | 3 759 112.50 | 0.37 |
| USD	SILGAN HOLDINGS INC-144A 4.12500% 19-01.02.28 | 2 330 000.00 | 2 334 380.40 | 0.23 |
| USD	TELESAT CANADA / TELESAT LLC-144A 6.50000% 19-15.10.27 | 1 840 000.00 | 1 903 491.59 | 0.19 |
| USD	TENET HEALTHCARE CORP-144A 5.12500% 19-01.11.27 | 2 765 000.00 | 2 889 425.00 | 0.29 |
| Total USD |  | 46 349 718.00 | 4.60 |
| Total Notes, fester Zins |  | 46 349 718.00 | 4.60 |
| Total Neuemittierte Wertpapiere und Geldmarktinstrumente |  | 46 349 718.00 | 4.60 |

UBS (Lux) Bond SICAV – USD High Yield (USD) Halbjahresbericht per 30. November 2019
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
Luxemburg
| USD | UBS (LUX) BOND SICAV - ASIAN HIGH YIELD (USD) U-X-ACC | 3 500.00 | 40 815 705.00 | 4.05 |
| --- | --- | --- | --- | --- |
| USD | UBS (LUX) BOND SICAV - MULTI INCOME (USD) U-X-ACC | 500.00 | 5 050 620.00 | 0.50 |
| Total Luxemburg | 45 866 325.00 | 4.55 |
| Total Investment Fonds, open end | 45 866 325.00 | 4.55 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 | 45 866 325.00 | 4.55 |
| Total des Wertpapierbestandes | 984 273 559.28 | 97.75 |


## Derivative Instrumente
Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Swaps und Forward-Swaps auf Indizes
| USD USD | BOA/IBOXX USD LIQUID HY TR EQS REC PERF 19-20.03.20 BOA/IBOXX USD LIQUID HY TR EQS PAYER 3ML 19-20.03.20 | 20 000 000.11 | 82 009.94 | 0.01 |
| --- | --- | --- | --- | --- |
| Total Swaps und Forward-Swaps auf Indizes | 82 009.94 | 0.01 |
| Total Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden | 82 009.94 | 0.01 |
| Total Derivative Instrumente | 82 009.94 | 0.01 |
| Devisenterminkontrakte |  |  |
| Devisenterminkontrakte (Kauf/Verkauf) |  |  |

| USD | 38 546 046.70 | EUR | 34 865 000.00 | 16.1.2020 | -30 003.35 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 7 139 000.00 | USD | 7 892 735.62 | 16.1.2020 | 6 143.52 | 0.00 |
| CHF | 59 916 800.00 | USD | 60 313 663.91 | 16.1.2020 | -117 632.06 | -0.01 |
| USD | 2 989 143.97 | EUR | 2 702 000.00 | 16.1.2020 | -458.42 | 0.00 |
| Total Devisenterminkontrakte (Kauf/Verkauf) | -141 950.31 | -0.01 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 12 843 328.30 | 1.28 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -25.16 | 0.00 |
| Andere Aktiva und Passiva | 9 852 776.33 | 0.97 |
| Total des Nettovermögens | 1 006 909 698.38 | 100.00 |

UBS (Lux) Bond SICAV – USD High Yield (USD) Halbjahresbericht per 30. November 2019