# UBS (Lux) Bond SICAV – Global Inflation-linked (USD)
| Most important figures |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Net assets in USD |  | 141 991 023.74 | 135 939 223.47 | 195 223 760.16 |
| Class (CHF hedged) I-A1-acc | LU0455555184 |  |  |  |
| Shares outstanding |  | 62 379.0000 | 77 715.0000 | 77 530.0000 |
| Net asset value per share in CHF |  | 105.00 | 102.09 | 100.11 |
| Issue and redemption price per share in CHF 1 |  | 105.00 | 102.09 | 100.11 |
| Class (CHF hedged) I-A1-dist | LU0455555267 |  |  |  |
| Shares outstanding |  | 129 047.0000 | 118 877.0000 | 104 254.4260 |
| Net asset value per share in CHF |  | 98.91 | 97.23 | 96.15 |
| Issue and redemption price per share in CHF 1 |  | 98.91 | 97.23 | 96.15 |
| Class I-A2-acc | LU0455552322 |  |  |  |
| Shares outstanding |  | 33 750.0000 | 33 750.0000 | 25 000.0000 |
| Net asset value per share in USD |  | 113.02 | 108.09 | 102.54 |
| Issue and redemption price per share in USD 1 |  | 113.02 | 108.09 | 102.54 |
| Class I-A3-acc | LU0455552678 |  |  |  |
| Shares outstanding |  | 5 316.0000 | 3 608.0000 | 3 521.0000 |
| Net asset value per share in USD |  | 118.15 | 112.97 | 107.10 |
| Issue and redemption price per share in USD 1 |  | 118.15 | 112.97 | 107.10 |
| Class (CHF hedged) I-A3-acc | LU0455555697 |  |  |  |
| Shares outstanding |  | 5 000.0000 | 5 000.0000 | 6 150.0000 |
| Net asset value per share in CHF |  | 104.53 | 101.59 | 99.51 |
| Issue and redemption price per share in CHF 1 |  | 104.53 | 101.59 | 99.51 |
| Class (EUR hedged) I-A3-acc | LU0455558790 |  |  |  |
| Shares outstanding |  | 7 925.0000 | 7 090.0000 | 7 141.0000 |
| Net asset value per share in EUR |  | 107.89 | 104.60 | 102.12 |
| Issue and redemption price per share in EUR 1 |  | 107.89 | 104.60 | 102.12 |
| Class (CHF hedged) I-B-acc | LU0455555853 |  |  |  |
| Shares outstanding |  | 41 324.2830 | 41 324.2830 | 45 280.5730 |
| Net asset value per share in CHF |  | 109.76 | 106.47 | 103.92 |
| Issue and redemption price per share in CHF 1 |  | 109.76 | 106.47 | 103.92 |
| Class (EUR hedged) I-X-acc 2 | LU2069292600 |  |  |  |
| Shares outstanding |  | 107 235.0000 | - | - |
| Net asset value per share in EUR |  | 100.38 | - | - |
| Issue and redemption price per share in EUR 1 |  | 100.38 | - | - |
| Class (EUR hedged) K-1-acc 3 | LU0455557396 |  |  |  |
| Shares outstanding |  | 0.7000 | 0.7000 | - |
| Net asset value per share in EUR |  | 3 707 342.66 | 3 596 845.34 | - |
| Issue and redemption price per share in EUR 1 |  | 3 707 342.66 | 3 596 845.34 | - |
| Class P-acc | LU0455550201 |  |  |  |
| Shares outstanding |  | 141 054.1310 | 121 017.7720 | 161 507.7250 |
| Net asset value per share in USD |  | 132.53 | 127.05 | 121.07 |
| Issue and redemption price per share in USD 1 |  | 132.53 | 127.05 | 121.07 |
| Class (CHF hedged) P-acc | LU0455553486 |  |  |  |
| Shares outstanding |  | 203 432.0850 | 206 632.4860 | 168 259.1180 |
| Net asset value per share in CHF |  | 114.73 | 111.79 | 110.04 |
| Issue and redemption price per share in CHF 1 |  | 114.73 | 111.79 | 110.04 |
| Class (EUR hedged) P-acc | LU0455556406 |  |  |  |
| Shares outstanding |  | 292 920.6040 | 351 184.6770 | 604 496.0780 |
| Net asset value per share in EUR |  | 120.74 | 117.36 | 115.17 |
| Issue and redemption price per share in EUR 1 |  | 120.74 | 117.36 | 115.17 |
| Class Q-acc | LU1240775160 |  |  |  |
| Shares outstanding |  | 31 773.6900 | 32 339.5170 | 23 709.7390 |
| Net asset value per share in USD |  | 117.02 | 111.96 | 106.27 |
| Issue and redemption price per share in USD 1 |  | 117.02 | 111.96 | 106.27 |
| Class (CHF hedged) Q-acc | LU1240774940 |  |  |  |
| Shares outstanding |  | 23 536.9540 | 27 408.0230 | 22 364.0280 |
| Net asset value per share in CHF |  | 104.93 | 102.04 | 100.08 |
| Issue and redemption price per share in CHF 1 |  | 104.93 | 102.04 | 100.08 |
| Class (EUR hedged) Q-acc | LU1240775087 |  |  |  |
| Shares outstanding |  | 86 804.1710 | 115 035.6570 | 366 659.8170 |
| Net asset value per share in EUR |  | 107.14 | 103.94 | 101.59 |
| Issue and redemption price per share in EUR 1 |  | 107.14 | 103.94 | 101.59 |
| 1  See note 1 2  First NAV: 30.10.2019 3  First NAV: 18.9.2018 |  |  |  |  |

UBS (Lux) Bond SICAV – Global Inflation-linked (USD) Semi-Annual Report as of 30 November 2019
UBS (Lux) Bond SICAV – Global Inflation-linked (USD) Semi-Annual Report as of 30 November 2019

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| United States | 40.21 |
| --- | --- |
| New Zealand | 11.97 |
| Italy | 8.15 |
| France | 5.69 |
| Japan | 5.43 |
| Mexico | 3.43 |
| Brazil | 2.09 |
| Slovenia | 1.97 |
| Spain | 1.76 |
| China | 1.67 |
| Luxembourg | 1.37 |
| United Kingdom | 0.98 |
| Australia | 0.92 |
| The Netherlands | 0.92 |
| Romania | 0.87 |
| Ireland | 0.71 |
| Greece | 0.62 |
| South Africa | 0.47 |
| Indonesia | 0.40 |
| Sweden | 0.34 |
| Germany | 0.33 |
| Turkey | 0.32 |
| Saudi Arabia | 0.31 |
| Argentina | 0.30 |
| Hong Kong | 0.29 |
| Ukraine | 0.29 |
| Kazakhstan | 0.26 |
| Canada | 0.20 |
| Egypt | 0.19 |
| Uruguay | 0.19 |
| Switzerland | 0.16 |
| Mongolia | 0.16 |
| Chile | 0.16 |
| Costa Rica | 0.14 |
| Oman | 0.13 |
| Peru | 0.11 |
| Ecuador | 0.11 |
| Colombia | 0.09 |
| Total | 93.71 |

Economic Breakdown as a % of net assets	
| Countries & central governments | 82.35 |
| --- | --- |
| Finance & holding companies | 2.80 |
| Banks & credit institutions | 2.69 |
| Petroleum | 1.11 |
| Insurance | 0.77 |
| Real Estate | 0.72 |
| Traffic & transportation | 0.48 |
| Telecommunications | 0.46 |
| Chemicals | 0.29 |
| Pharmaceuticals, cosmetics & medical products | 0.26 |
| Healthcare & social services | 0.24 |
| Public, non-profit institutions | 0.19 |
| Computer hardware & network equipment providers | 0.18 |
| Electrical devices & components | 0.17 |
| Investment funds | 0.16 |
| Agriculture & fishery | 0.15 |
| Internet, software & IT services | 0.15 |
| Energy & water supply | 0.13 |
| Graphic design, publishing & media | 0.11 |
| Tobacco & alcohol | 0.09 |
| Miscellaneous services | 0.09 |
| Packaging industry | 0.08 |
| Food & soft drinks | 0.04 |
| Total | 93.71 |


## Statement of Net Assets
Assets	30.11.2019
USD
Investments in securities, cost	127 030 601.98
| Investments in securities, unrealized appreciation (depreciation) | 	6 029 624.84	 |
| --- | --- |
| Total investments in securities (Note 1) | 133 060 226.82 |
| Cash at banks, deposits on demand and deposit accounts | 7 703 748.38 |
| Other liquid assets (Margins) | 2 397 173.76 |
| Receivable on subscriptions | 1 207 484.53 |
| Interest receivable on securities | 893 127.96 |
| Interest receivable on liquid assets | 1 048.17 |
| Other receivables | 33 693.56 |
| Unrealized gain (loss) on financial futures (Note 1) | 471 037.33 |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | -862 788.48 |
| Unrealized gain (loss) on swaps (Note 1) | 100 407.92 |
| Total Assets | 145 005 159.95 |
|  |  |
| Liabilities |  |
| Bank overdraft | -2 791 424.33 |
| Interest payable on bank overdraft | -10.77 |
| Payable on securities purchases (Note 1) | -121 050.71 |
| Payable on redemptions | -33 883.76 |
| Provisions for flat fee (Note 2) | -38 183.18 |
| Provisions for taxe d’abonnement (Note 3) | -8 859.64 |
| Provisions for other commissions and fees (Note 2) | 	-20 723.82	 |
| Total provisions | -67 766.64 |
| Total Liabilities | -3 014 136.21 |
|  |  |
| Net assets at the end of the period | 141 991 023.74 |
| Statement of Operations | USD |
| Income | 1.6.2019-30.11.2019 |
| Interest on liquid assets | 8 699.02 |
| Interest on securities | 1 490 411.30 |
| Interest received on swaps (Note 1) | 2 397 668.58 |
| Income on securities lending (Note 13) | 31 404.40 |
| Other income (Note 4) | 26 016.25 |
| Total income | 3 954 199.55 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -2 527 341.88 |
| Flat fee (Note 2) | -506 636.11 |
| Taxe d’abonnement (Note 3) | -28 076.51 |
| Cost on securities lending (Note 13) | -12 561.76 |
| Other commissions and fees (Note 2) | -7 981.40 |
| Interest on cash and bank overdraft | -11 896.86 |
| Total expenses | -3 094 494.52 |
|  |  |
| Net income (loss) on investments | 859 705.03 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 2 532 273.80 |
| Realized gain (loss) on financial futures | -2 298 877.53 |
| Realized gain (loss) on forward foreign exchange contracts | 1 994 279.28 |
| Realized gain (loss) on swaps | -855 121.67 |
| Realized gain (loss) on foreign exchange | -1 771 286.77 |
| Total realized gain (loss) | -398 732.89 |
|  |  |
| Net realized gain (loss) of the period | 460 972.14 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 2 614 095.60 |
| Unrealized appreciation (depreciation) on financial futures | 1 379 826.74 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -1 813 470.45 |
| Unrealized appreciation (depreciation) on swaps | 1 256 845.94 |
| Total changes in unrealized appreciation (depreciation) | 3 437 297.83 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 3 898 269.97 |

UBS (Lux) Bond SICAV – Global Inflation-linked (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 | 135 939 223.47 |
| Subscriptions | 36 727 783.50 |
| Redemptions | 	-34 433 244.42	 |
| Total net subscriptions (redemptions) | 2 294 539.08 |
| Dividend paid | -141 008.78 |
| Net income (loss) on investments | 859 705.03 |
| Total realized gain (loss) | -398 732.89 |
| Total changes in unrealized appreciation (depreciation) | 	3 437 297.83	 |
| Net increase (decrease) in net assets as a result of operations | 3 898 269.97 |
| Net assets at the end of the period | 141 991 023.74 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2019-30.11.2019 |
| Class | (CHF hedged) I-A1-acc |
| Number of shares outstanding at the beginning of the period | 77 715.0000 |
| Number of shares issued | 2 558.0000 |
| Number of shares redeemed | -17 894.0000 |
| Number of shares outstanding at the end of the period | 62 379.0000 |
| Class | (CHF hedged) I-A1-dist |
| Number of shares outstanding at the beginning of the period | 118 877.0000 |
| Number of shares issued | 10 475.0000 |
| Number of shares redeemed | -305.0000 |
| Number of shares outstanding at the end of the period | 129 047.0000 |
| Class | I-A2-acc |
| Number of shares outstanding at the beginning of the period | 33 750.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 33 750.0000 |
| Class | I-A3-acc |
| Number of shares outstanding at the beginning of the period | 3 608.0000 |
| Number of shares issued | 1 708.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 5 316.0000 |
| Class | (CHF hedged) I-A3-acc |
| Number of shares outstanding at the beginning of the period | 5 000.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 5 000.0000 |
| Class | (EUR hedged) I-A3-acc |
| Number of shares outstanding at the beginning of the period | 7 090.0000 |
| Number of shares issued | 835.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 7 925.0000 |
| Class | (CHF hedged) I-B-acc |
| Number of shares outstanding at the beginning of the period | 41 324.2830 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 41 324.2830 |
| Class | (EUR hedged) I-X-acc |
| Number of shares outstanding at the beginning of the period | 0.0000 |
| Number of shares issued | 107 235.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the period | 107 235.0000 |
| Class | (EUR hedged) K-1-acc |
| Number of shares outstanding at the beginning of the period | 0.7000 |
| Number of shares issued | 3.0000 |
| Number of shares redeemed | -3.0000 |
| Number of shares outstanding at the end of the period | 0.7000 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the period | 121 017.7720 |
| Number of shares issued | 45 919.0990 |
| Number of shares redeemed | -25 882.7400 |
| Number of shares outstanding at the end of the period | 141 054.1310 |
| Class | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the period | 206 632.4860 |
| Number of shares issued | 3 718.0750 |
| Number of shares redeemed | -6 918.4760 |
| Number of shares outstanding at the end of the period | 203 432.0850 |

UBS (Lux) Bond SICAV – Global Inflation-linked (USD) Semi-Annual Report as of 30 November 2019
| Class | (EUR hedged) P-acc |
| --- | --- |
| Number of shares outstanding at the beginning of the period | 351 184.6770 |
| Number of shares issued | 20 068.2290 |
| Number of shares redeemed | -78 332.3020 |
| Number of shares outstanding at the end of the period | 292 920.6040 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the period | 32 339.5170 |
| Number of shares issued | 1 912.6390 |
| Number of shares redeemed | -2 478.4660 |
| Number of shares outstanding at the end of the period | 31 773.6900 |
| Class | (CHF hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 27 408.0230 |
| Number of shares issued | 285.3310 |
| Number of shares redeemed | -4 156.4000 |
| Number of shares outstanding at the end of the period | 23 536.9540 |
| Class | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the period | 115 035.6570 |
| Number of shares issued | 11 933.4650 |
| Number of shares redeemed | -40 164.9510 |
| Number of shares outstanding at the end of the period | 86 804.1710 |

| Annual Distribution 1 |  |
| --- | --- |
| UBS (Lux) Bond SICAV – Global Inflation-linked (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| (CHF hedged) I-A1-dist 1  See note 5 | 1.8.2019 | 6.8.2019 | CHF | 1.09 |

UBS (Lux) Bond SICAV – Global Inflation-linked (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 |  |  |  |
| BRL |  |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 10.00000% 16-01.01.27 | 9 300.00 | 2 586 094.18 | 1.82 |
| Total BRL |  | 2 586 094.18 | 1.82 |
| EUR |  |  |  |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 100 000.00 | 122 675.27 | 0.09 |
| EUR	ALTICE LUXEMBOURG SA-REG-S 8.00000% 19-15.05.27 | 100 000.00 | 122 184.62 | 0.09 |
| EUR	ARDAGH PACKAGING FINANCE/MP-REG-S 2.12500% 19-15.08.26 | 100 000.00 | 113 429.97 | 0.08 |
| EUR	CHINA, PEOPLE’S REPUBLIC OF-REG-S 1.00000% 19-12.11.39 | 240 000.00 | 259 331.52 | 0.18 |
| EUR	DREAM GLOBAL FUNDING 1 SARL-REG-S 1.37500% 17-21.12.21 | 300 000.00 | 334 541.63 | 0.23 |
| EUR	FINANCIAL & RISK US HOLDINGS INC-REG-S 6.87500% 18-15.11.26 | 100 000.00 | 124 588.29 | 0.09 |
| EUR	LOXAM SAS-REG-S 3.75000% 19-15.07.26 | 100 000.00 | 113 744.22 | 0.08 |
| Total EUR |  | 1 190 495.52 | 0.84 |
| USD |  |  |  |
| USD	ABBVIE INC 4.25000% 18-14.11.28 | 70 000.00 | 77 136.65 | 0.05 |
| USD	ABBVIE INC 4.87500% 18-14.11.48 | 50 000.00 | 57 157.12 | 0.04 |
| USD	AECOM TECHNOLOGY CORP 5.87500% 15-15.10.24 | 230 000.00 | 251 275.00 | 0.18 |
| USD	ALTICE FINANCING SA-144A 6.62500% 15-15.02.23 | 210 000.00 | 214 725.00 | 0.15 |
| USD	ALTRIA GROUP INC 4.40000% 19-14.02.26 | 65 000.00 | 70 294.53 | 0.05 |
| USD	ALTRIA GROUP INC 4.80000% 19-14.02.29 | 50 000.00 | 55 278.62 | 0.04 |
| USD	APT PIPELINES LTD-REG-S 4.20000% 15-23.03.25 | 100 000.00 | 106 386.00 | 0.07 |
| USD	ARGENTINA, REPUBLIC OF 6.87500% 18-11.01.48 | 300 000.00 | 120 093.75 | 0.08 |
| USD	AT&T INC 4.35000% 19-01.03.29 | 100 000.00 | 110 322.71 | 0.08 |
| USD	AT&T INC 4.75000% 15-15.05.46 | 75 000.00 | 83 847.14 | 0.06 |
| USD	CF INDUSTRIES INC 5.15000% 14-15.03.34 | 200 000.00 | 218 000.00 | 0.15 |
| USD	CHILE, REPUBLIC OF 3.86000% 17-21.06.47 | 200 000.00 | 223 437.50 | 0.16 |
| USD	CIGNA CORP 4.37500% 19-15.10.28 | 85 000.00 | 94 290.38 | 0.07 |
| USD	CITIGROUP INC 4.65000% 18-23.07.48 | 135 000.00 | 167 607.63 | 0.12 |
| USD	CNAC HK FINBRIDGE CO LTD-REG-S 4.12500% 18-14.03.21 | 200 000.00 | 203 562.50 | 0.14 |
| USD	COMCAST CORP 4.15000% 18-15.10.28 | 50 000.00 | 56 367.47 | 0.04 |
| USD	COMCAST CORP 4.70000% 18-15.10.48 | 40 000.00 | 49 666.99 | 0.04 |
| USD	COMCAST CORP 4.95000% 18-15.10.58 | 40 000.00 | 52 245.23 | 0.04 |
| USD	CONAGRA BRANDS INC 5.40000% 18-01.11.48 | 50 000.00 | 59 518.42 | 0.04 |
| USD	COSTA RICA, REPUBLIC OF-REG-S 7.15800% 15-12.03.45 | 200 000.00 | 201 625.00 | 0.14 |
| USD	CVS HEALTH CORP 4.30000% 18-25.03.28 | 65 000.00 | 70 853.13 | 0.05 |
| USD	ECUADOR, REPUBLIC OF-REG-S 8.87500% 17-23.10.27 | 200 000.00 | 160 500.00 | 0.11 |
| USD	ENABLE MIDSTREAM PARTNERS LP 3.90000% 15-15.05.24 | 100 000.00 | 100 781.22 | 0.07 |
| USD	ENERGY TRANSFER OPERATING LP 4.50000% 19-15.04.24 | 100 000.00 | 105 726.96 | 0.07 |
| USD	INDONESIA, REPUBLIC OF-REG-S 5.25000% 12-17.01.42 | 300 000.00 | 358 593.75 | 0.25 |
| USD	NEXEN INC 6.40000% 07-15.05.37 | 200 000.00 | 279 000.00 | 0.20 |
| USD	OMAN GOVT INTERNATIONAL BOND-REG-S 6.75000% 18-17.01.48 | 200 000.00 | 189 562.50 | 0.13 |
| USD	PETROLEOS MEXICANOS 6.50000% 18-13.03.27 | 80 000.00 | 83 719.00 | 0.06 |
| USD	SYNGENTA FINANCE NV-144A 3.93300% 18-23.04.21 | 200 000.00 | 203 519.36 | 0.14 |
| USD	TEVA PHARMACEUTICAL FINANCE NL III BV 2.80000% 16-21.07.23 | 180 000.00 | 162 450.00 | 0.11 |
| USD	TURKEY, REPUBLIC OF 6.87500% 06-17.03.36 | 450 000.00 | 451 406.25 | 0.32 |
| USD	UKRAINE, GOVERNMENT OF-REG-S 7.37500% 17-25.09.32 | 400 000.00 | 407 000.00 | 0.29 |
| USD	URUGUAY, REPUBLIC OF 4.12500% 12-20.11.45 | 250 000.00 | 266 484.36 | 0.19 |
| USD	VEB FINANCE PLC-REG-S LPN 5.94200% 13-21.11.23 | 200 000.00 | 220 500.00 | 0.16 |
| USD	YPF SA-REG-S 6.95000% 17-21.07.27 | 160 000.00 | 121 900.00 | 0.09 |
| USD	YPF SA-REG-S 7.00000% 17-15.12.47 | 170 000.00 | 116 290.63 | 0.08 |
| Total USD |  | 5 771 124.80 | 4.06 |
| Total Notes, fixed rate |  | 9 547 714.50 | 6.72 |
| Notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 3.250%/VAR 19-PRP | 100 000.00 | 120 192.22 | 0.08 |
| EUR	ITALY, REPUBLIC OF-144A-REG-S 2.350%/CPI LINKED 14-15.09.24 | 3 120 000.00 | 4 044 334.28 | 2.85 |
| Total EUR |  | 4 164 526.50 | 2.93 |
| USD |  |  |  |
| USD	STANDARD CHARTERED PLC-REG-S-SUB 7.750%/VAR 17-PRP | 290 000.00 | 318 275.00 | 0.23 |
| Total USD |  | 318 275.00 | 0.23 |
| Total Notes, floating rate |  | 4 482 801.50 | 3.16 |
| Medium term notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 2.37500% 19-27.09.27 | 100 000.00 | 119 042.87 | 0.08 |
| EUR	AKELIUS RESIDENTIAL PROPERTY AB-REG-S 1.75000% 17-07.02.25 | 100 000.00 | 115 550.71 | 0.08 |
| EUR	AROUNDTOWN SA-REG-S 2.00000% 18-02.11.26 | 200 000.00 | 234 638.13 | 0.17 |
| EUR	CNH INDUSTRIAL FINANCE EUROPE SA-REG-S 1.87500% 18-19.01.26 | 100 000.00 | 116 073.98 | 0.08 |
| EUR	DEUTSCHE BANK AG-REG-S 1.62500% 19-12.02.21 | 100 000.00 | 111 423.20 | 0.08 |
| EUR	GAS NETWORKS IRELAND-REG-S 0.12500% 19-04.12.24 | 110 000.00 | 120 988.85 | 0.09 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 2.00000% 18-01.11.28 | 100 000.00 | 121 065.92 | 0.09 |
| EUR	ORANO SA 4.87500% 09-23.09.24 | 50 000.00 | 63 812.98 | 0.04 |
| EUR	REDEXIS GAS FINANCE BV-REG-S 1.87500% 15-27.04.27 | 100 000.00 | 113 627.78 | 0.08 |
| EUR	REN FINANCE B V-REG-S 2.50000% 15-12.02.25 | 200 000.00 | 243 333.67 | 0.17 |
| EUR	ROMANIA-REG-S 4.62500% 19-03.04.49 | 500 000.00 | 683 956.56 | 0.48 |
| EUR	TELECOM ITALIA FINANCE SA 7.75000% 03-24.01.33 | 130 000.00 | 211 383.42 | 0.15 |
| EUR	VOLKSWAGEN FINANCIAL SERVICES AG-REG-S 1.50000% 19-01.10.24 | 115 000.00 | 131 163.42 | 0.09 |
| Total EUR |  | 2 386 061.49 | 1.68 |

UBS (Lux) Bond SICAV – Global Inflation-linked (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) |  |
| GBP |  |  |  |  |
| GBP | PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 4.12500% 17-20.07.22 | 100 000.00 | 134 906.87 | 0.10 |
| Total GBP |  |  | 134 906.87 | 0.10 |
| USD |  |  |  |  |
| USD | EGYPT, REPUBLIC OF-REG-S 8.70020% 19-01.03.49 | 250 000.00 | 268 281.25 | 0.19 |
| USD | MEXICO, UNITED STATES OF 4.75000% 12-08.03.44 | 150 000.00 | 163 453.12 | 0.11 |
| USD | MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 200 000.00 | 225 687.50 | 0.16 |
| USD | MORGAN STANLEY-SUB 4.35000% 14-08.09.26 | 150 000.00 | 164 124.03 | 0.11 |
| USD | PERTAMINA PERSERO PT-REG-S 4.70000% 19-30.07.49 | 200 000.00 | 209 000.00 | 0.15 |
| USD | ROMANIA-REG-S 6.12500% 14-22.01.44 | 250 000.00 | 324 375.00 | 0.23 |
| USD | SAUDI ARABIAN OIL CO-REG-S 3.50000% 19-16.04.29 | 200 000.00 | 208 875.00 | 0.15 |
| USD | SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 4.00000% 18-17.04.25 | 215 000.00 | 230 480.00 | 0.16 |
| Total USD |  |  | 1 794 275.90 | 1.26 |
| Total Medium term notes, fixed rate |  | 4 315 244.26 | 3.04 |
| Medium term notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	AXA SA-REG-S-SUB 3.250%/VAR 18-28.05.49 | 100 000.00 | 125 599.81 | 0.09 |
| EUR	CAIXABANK SA-REG-S-SUB 2.750%/VAR 17-14.07.28 | 100 000.00 | 116 205.17 | 0.08 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 100 000.00 | 117 013.43 | 0.08 |
| EUR	ROYAL BK OF SCOTLAND GP PLC-REG-S 2.000%/VAR 18-04.03.25 | 300 000.00 | 347 322.31 | 0.25 |
| EUR	UBS AG-REG-S-SUB 4.750%/VAR 14-12.02.26 | 200 000.00 | 231 270.35 | 0.16 |
| Total EUR |  | 937 411.07 | 0.66 |
| Total Medium term notes, floating rate |  | 937 411.07 | 0.66 |
| Bonds, fixed rate |  |  |  |
| CNY |  |  |  |
| CNY	CHINA DEVELOPMENT BANK CORP 3.80000% 16-25.01.36 | 15 000 000.00 | 2 108 724.83 | 1.48 |
| Total CNY |  | 2 108 724.83 | 1.48 |
| EUR |  |  |  |
| EUR	ADLER REAL ESTATE AG-REG-S 3.00000% 18-27.04.26 | 200 000.00 | 227 522.84 | 0.16 |
| EUR	ADO PROPERTIES SA-REG-S 1.50000% 17-26.07.24 | 200 000.00 | 218 784.07 | 0.15 |
| EUR	ARENA LUXEMBOURG FINANCE SARL-REG-S 2.87500% 17-01.11.24 | 100 000.00 | 114 119.10 | 0.08 |
| EUR	DXC TECHNOLOGY CO 1.75000% 18-15.01.26 | 100 000.00 | 109 396.44 | 0.08 |
| EUR	EIRCOM FINANCE DAC-REG-S 3.50000% 19-15.05.26 | 100 000.00 | 115 113.65 | 0.08 |
| EUR	GLOBALWORTH REAL ESTATE INVEST-REG-S 2.87500% 17-20.06.22 | 200 000.00 | 232 648.60 | 0.16 |
| EUR	GREECE, HELLENIC REPUBLIC OF-144A-REG-S 1.87500% 19-23.07.26 | 755 000.00 | 876 966.47 | 0.62 |
| EUR	INTRUM JUSTITIA AB-REG-S 3.12500% 17-15.07.24 | 200 000.00 | 222 992.03 | 0.16 |
| EUR	MPT OPERATING PARTNERSHIP LP/FIN CORP 3.32500% 17-24.03.25 | 100 000.00 | 121 294.38 | 0.09 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 1.50000% 15-25.03.35 | 1 185 000.00 | 1 488 535.47 | 1.05 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 3.12500% 15-07.08.45 | 800 000.00 | 1 310 522.14 | 0.92 |
| EUR	VIVION INVESTMENTS SARL-REG-S 3.00000% 19-08.08.24 | 100 000.00 | 109 708.70 | 0.08 |
| Total EUR |  | 5 147 603.89 | 3.63 |
| GBP |  |  |  |
| GBP	SCOTTISH WIDOWS PLC-REG-S-SUB 5.50000% 13-16.06.23 | 100 000.00 | 143 757.10 | 0.10 |
| GBP	VIRGIN MEDIA SECURED FINANCE PLC-REG-S 4.87500% 15-15.01.27 | 150 000.00 | 197 905.50 | 0.14 |
| Total GBP |  | 341 662.60 | 0.24 |
| MXN |  |  |  |
| MXN	MEXICO, UNITED MEXICAN STATES 7.75000% 11-13.11.42 | 797 200.00 | 4 266 637.45 | 3.00 |
| Total MXN |  | 4 266 637.45 | 3.00 |
| USD |  |  |  |
| USD	ARGENTINA, REPUBLIC OF (PIK) 8.28000% 05-31.12.33 | 100 000.00 | 68 875.12 | 0.05 |
| USD	BRAZIL, FEDERATIVE REPUBLIC OF 7.12500% 06-20.01.37 | 300 000.00 | 380 250.00 | 0.27 |
| USD	CNAC HK FINBRIDGE CO LTD-REG-S 4.62500% 18-14.03.23 | 200 000.00 | 210 500.00 | 0.15 |
| USD	COLOMBIA, REPUBLIC OF 6.12500% 09-18.01.41 | 100 000.00 | 127 781.25 | 0.09 |
| USD	GAZ CAPITAL SA/GAZPROM-REG-S LPN 7.28800% 07-16.08.37 | 200 000.00 | 273 812.51 | 0.19 |
| USD	HCA INC 5.37500% 15-01.02.25 | 200 000.00 | 221 000.00 | 0.15 |
| USD	KAZAKHSTAN, REPUBLIC OF-REG-S 4.87500% 14-14-10.44 | 300 000.00 | 364 031.25 | 0.26 |
| USD	MEXICO CITY AIRPORT TRUST-REG-S 5.50000% 17-31.07.47 | 201 000.00 | 202 067.81 | 0.14 |
| USD	PERU, REPUBLIC OF 8.75000% 03-21.11.33 | 100 000.00 | 164 750.00 | 0.12 |
| USD	SFC CAPITAL LTD-REG-S 5.37500% 16-16.06.23 | 200 000.00 | 212 750.00 | 0.15 |
| Total USD |  | 2 225 817.94 | 1.57 |
| ZAR |  |  |  |
| ZAR	SOUTH AFRICA, REPUBLIC OF 8.50000% 13-31.01.37 | 11 100 000.00 | 662 117.32 | 0.47 |
| Total ZAR |  | 662 117.32 | 0.47 |
| Total Bonds, fixed rate |  | 14 752 564.03 | 10.39 |
| Bonds, floating rate |  |  |  |
| AUD |  |  |  |
| AUD	AUSTRALIA 2.500%/CPI LINKED 10-20.09.30 | 615 000.00 | 656 334.39 | 0.46 |
| AUD	NEW SOUTH WALES TREASURY CORP 3.750%/CPI LINKED 09-20.11.20 | 303 000.00 | 265 304.69 | 0.19 |
| Total AUD |  | 921 639.08 | 0.65 |
| EUR |  |  |  |
| EUR	BANK OF IRELAND-REG-S-SUB 7.375%/VAR 15-PRP | 200 000.00 | 228 374.93 | 0.16 |
| EUR	ELM BV-REG-S-SUB 2.600%/VAR 15-PRP | 100 000.00 | 119 078.59 | 0.08 |
| EUR	ENGIE SA-REG-S-SUB 3.250%/VAR 19-PRP | 100 000.00 | 120 578.13 | 0.09 |
| EUR	FRANCE, REPUBLIC OF 1.850%/CPTFEMU LINKED 10-25.07.27 | 1 890 000.00 | 2 907 366.37 | 2.05 |
| EUR	FRANCE, REPUBLIC OF 0.250%/CPTFEMU LINKED 13-25.07.24 | 1 429 000.00 | 1 807 162.43 | 1.27 |
| EUR	FRANCE, REPUBLIC OF-OAT 0.100%/CPI LINKED 15-01.03.25 | 600 000.00 | 735 527.86 | 0.52 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.100%/CPI LINKED 17-01.03.28 | 1 500 000.00 | 1 890 161.23 | 1.33 |
| EUR	ITALY, REPUBLIC OF 2.550%/CPI LINKED 09-15.09.41 | 1 300 000.00 | 2 087 567.96 | 1.47 |

UBS (Lux) Bond SICAV – Global Inflation-linked (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) |  |
|  |  |  |  |  |
| EUR | ITALY, REPUBLIC OF 3.100%/CPI LINKED 11-15.09.26 | 2 010 000.00 | 2 949 678.01 | 2.08 |
| EUR | ITALY, REPUBLIC OF-144A-REG-S 1.300%/CPI LINKED 17-15.05.28 | 1 518 000.00 | 1 876 026.45 | 1.32 |
| EUR | ITALY, REPUBLIC OF-BTP 2.600%/CPI LINKED 07-15.09.23 | 420 000.00 | 614 656.44 | 0.43 |
| EUR | SPAIN GOVERNMENT-144A-REG-S 1.000%/CPI LINKED 15-30.11.30 | 88 000.00 | 119 414.34 | 0.08 |
| EUR | SPAIN GOVERNMENT-144A-REG-S 0.650%/CPI LINKED 17-30.11.27 | 1 670 000.00 | 2 139 056.07 | 1.51 |
| EUR | VONOVIA FINANCE BV-REG-S-SUB 4.000%/VAR 14-PRP | 100 000.00 | 117 654.70 | 0.08 |
| Total EUR |  |  | 17 712 303.51 | 12.47 |
| GBP |  |  |  |  |
| GBP | M&G PLC-REG-S-SUB 5.625%/VAR 18-20.10.51 | 175 000.00 | 257 592.24 | 0.18 |
| Total GBP |  |  | 257 592.24 | 0.18 |
| SEK |  |  |  |  |
| SEK | SWEDEN, KINGDOM OF 0.250%/IDX LINKED 11-01.06.22 | 1 170 000.00 | 139 271.82 | 0.10 |
| Total SEK |  |  | 139 271.82 | 0.10 |
| USD |  |  |  |  |
| USD | QBE INSURANCE GROUP LTD-REG-S-SUB 6.750%/VAR 14-02.12.44 | 250 000.00 | 278 720.00 | 0.20 |
| USD | SCOR SE-REG-S-SUB 5.250%/VAR 18-PRP | 200 000.00 | 197 000.00 | 0.14 |
| USD | WESTPAC BANKING CORP-SUB 5.000%/VAR 17-PRP | 75 000.00 | 74 228.25 | 0.05 |
| Total USD |  |  | 549 948.25 | 0.39 |
| Total Bonds, floating rate | 19 580 754.90 | 13.79 |
| Treasury notes, floating rate |  |  |
| USD |  |  |
| USD	AMERICA, UNITED STATES OF 2.000%/CPI LINKED 06-15.01.26	2 495 000.00 | 3 574 790.74 | 2.52 |
| USD	AMERICA, UNITED STATES OF 2.125%/CPI IDX LKND 10-15.02.40	430 000.00 | 676 424.49 | 0.48 |
| USD	AMERICA, UNITED STATES OF 0.875%/CPI LINKED 17-15.02.47	800 000.00 | 928 691.23 | 0.65 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.07.27	7 220 000.00 | 7 702 769.78 | 5.42 |
| USD	AMERICA, UNITED STATES OF 0.875%/CPI LINKED 19-15.01.29	8 500 000.00 | 9 167 237.26 | 6.46 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26	1 649 000.00 | 1 827 615.81 | 1.29 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 16-15.07.26	5 282 000.00 | 5 649 692.02 | 3.98 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27	7 500 000.00 | 8 065 440.22 | 5.68 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25	2 000 000.00 | 2 193 849.70 | 1.54 |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28	4 000 000.00 | 4 293 835.49 | 3.02 |
| Total USD | 44 080 346.74 | 31.04 |
| Total Treasury notes, floating rate | 44 080 346.74 | 31.04 |
| Total Transferable securities and money market instruments listed on an official stock exchange | 97 696 837.00 | 68.80 |
| Transferable securities and money market instruments traded on another regulated market |  |  |
| Notes, fixed rate |  |  |
| USD |  |  |
| USD	BROADCOM CORP/CAYMAN FIN LTD 3.62500% 18-15.01.24	80 000.00 | 82 324.35 | 0.06 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 5.50000% 16-01.05.26	160 000.00 | 168 800.00 | 0.12 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 7.12500% 16-15.06.24	210 000.00 | 222 075.00 | 0.16 |
| USD	ENERGY TRANSFER PARTNERS LP 6.00000% 18-15.06.48	60 000.00 | 68 445.32 | 0.05 |
| USD	ENLINK MIDSTREAM PARTNERS LP 4.40000% 14-01.04.24	75 000.00 | 69 000.00 | 0.05 |
| USD	MPLX LP-144A 4.25000% 19-01.12.27	40 000.00 | 41 941.60 | 0.03 |
| USD	PETROBRAS GLOBAL FINANCE BV-144A 5.09300% 19-15.01.30	100 000.00 | 104 450.00 | 0.07 |
| USD	PHILLIPS 66 PARTNERS LP 4.68000% 15-15.02.45	75 000.00 | 80 994.38 | 0.06 |
| USD	SPRINT CORP 7.87500% 14-15.09.23	200 000.00 | 219 875.00 | 0.15 |
| Total USD | 1 057 905.65 | 0.75 |
| Total Notes, fixed rate | 1 057 905.65 | 0.75 |
| Bonds, fixed rate |  |  |
| USD |  |  |
| USD	NETFLIX INC 4.37500% 16-15.11.26	100 000.00 | 101 250.00 | 0.07 |
| Total USD | 101 250.00 | 0.07 |
| Total Bonds, fixed rate | 101 250.00 | 0.07 |
| Bonds, floating rate |  |  |
| JPY |  |  |
| JPY	JAPAN 0.100%/CPI LINKED 13-10.09.23	171 000 000.00 | 1 658 489.96 | 1.17 |
| JPY	JAPAN 0.100%/CPI LINKED 18-10.03.28	170 000 000.00 | 1 616 109.57 | 1.14 |
| JPY	JAPAN 0.100%/CPI LINKED 19-10.03.29	470 000 000.00 | 4 436 778.09 | 3.12 |
| Total JPY | 7 711 377.62 | 5.43 |
| NZD |  |  |
| NZD	NEW ZEALAND 2.500%/CPI LINKED 17-20.09.40	5 660 000.00 | 5 240 897.30 | 3.69 |
| NZD	NEW ZEALAND 3.000%/CPI LINKED 13-20.09.30	7 805 000.00 | 6 982 678.51 | 4.92 |
| NZD	NEW ZEALAND-REG-S 2.500%/CPI LINKED 14-20.09.35	5 256 000.00 | 4 696 939.90 | 3.31 |
| Total NZD | 16 920 515.71 | 11.92 |
| Total Bonds, floating rate | 24 631 893.33 | 17.35 |

UBS (Lux) Bond SICAV – Global Inflation-linked (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) |  |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 15-15.02.45 | 2 800 000.00 | 3 226 457.43 | 2.27 |
| USD	AMERICA, UNITED STATES OF 1.000%/INFLATION LINKD 16-15.02.46 | 3 000 000.00 | 3 642 528.01 | 2.57 |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25 | 1 906 000.00 | 2 071 494.84 | 1.46 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 15-15.04.20 | 435 000.00 | 475 634.06 | 0.33 |
| Total USD |  | 9 416 114.34 | 6.63 |
| Total Treasury notes, floating rate |  | 9 416 114.34 | 6.63 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 35 207 163.32 | 24.80 |
| Recently issued transferable securities and money market instruments |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	PETROLEOS MEXICANOS-144A 6.84000% 19-23.01.30 | 149 000.00 | 156 226.50 | 0.11 |
| Total USD |  | 156 226.50 | 0.11 |
| Total Notes, fixed rate |  | 156 226.50 | 0.11 |
| Total Recently issued transferable securities and money market instruments |  | 156 226.50 | 0.11 |
| Total investments in securities |  | 133 060 226.82 | 93.71 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange |
| Financial Futures on bonds |
|  |  |  |  |
| EUR	EURO BTP ITALY GOVERMENT FUTURE 06.12.19 | -25.00 | 119 632.10 | 0.08 |
| EUR	EURO-BUND FUTURE 06.12.19 | -39.00 | 197 806.44 | 0.14 |
| EUR	EURO-BUXL FUTURE 06.12.19 | -35.00 | 397 280.45 | 0.28 |
| EUR	EURO-OAT FUTURE 06.12.19 | 30.00 | -133 304.34 | -0.09 |
| GBP	LONG GILT FUTURE 27.03.20 | 44.00 | -42 116.36 | -0.03 |
| JPY	JAPAN GOVERNMENT 10Y BOND (OSE) FUTURE 13.12.19 | 13.00 | -102 401.61 | -0.07 |
| USD	US 10YR ULTRA NOTE FUTURE 20.03.20 | -80.00 | 18 750.00 | 0.01 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 20.03.20 | 34.00 | 2 921.86 | 0.00 |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.20 | 20.00 | 0.00 | 0.00 |
| USD	US 10YR TREASURY NOTE FUTURE 20.03.20 | -76.00 | 12 468.79 | 0.01 |
| Total Financial Futures on bonds | 471 037.33 | 0.33 |
| Total Derivative instruments listed on an official stock exchange | 471 037.33 | 0.33 |
| Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  |  |
| Swaps and forward swaps on interest rates |  |  |
|  |  |  |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.87875% 17-08.08.47	-130 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6ML 17-08.08.47 | -172 215.49 | -0.12 |
| USD	LCH/INTEREST RATE SWAP PAYER 2.24100% 17-08.08.27	-3 500 000.00 USD	LCH/INTEREST RATE SWAP REC 3ML 17-08.08.27 | -173 832.20 | -0.12 |
| SEK	LCH/INTEREST RATE SWAP PAYER 1.20750% 17-25.08.27	-27 000 000.00 SEK	LCH/INTEREST RATE SWAP REC 3MS 17-25.08.27 | -170 518.62 | -0.12 |
| USD	LCH/INTEREST RATE SWAP PAYER 1.89660% 17-20.09.22	-3 400 000.00 USD	LCH/INTEREST RATE SWAP REC 3ML 17-20.09.22 | -26 287.20 | -0.02 |
| SEK	LCH/INTEREST RATE SWAP PAYER 0.47200% 17-16.10.22	-25 000 000.00 SEK	LCH/INTEREST RATE SWAP REC 3MS 17-16.10.22 | -20 154.22 | -0.01 |
| GBP	LCH/INTEREST RATE SWAP PAYER 1.53500% 17-17.10.47	-1 000 000.00 GBP	LCH/INTEREST RATE SWAP REC 6ML 17-17.10.47 | -170 852.16 | -0.12 |
| GBP	LCH/INTEREST RATE SWAP PAYER 1.48350% 17-12.12.47	-500 000.00 GBP	LCH/INTEREST RATE SWAP REC 6ML 17-12.12.47 | -78 833.84 | -0.06 |
| GBP	LCH/INTEREST RATE SWAP PAYER 1.71700% 18-21.02.48	-600 000.00 GBP	LCH/INTEREST RATE SWAP REC 6ML 18-21.02.48 | -141 175.58 | -0.10 |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.91625% 18-27.02.48	-75 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6ML 18-27.02.48 | -107 263.32 | -0.08 |
| SEK	LCH/INTEREST RATE SWAP PAYER 0.49750% 18-10.04.23	-40 000 000.00 SEK	LCH/INTEREST RATE SWAP REC 3MS 18-10.04.23 | -49 284.25 | -0.03 |
| SEK	LCH/INTEREST RATE SWAP PAYER 0.52100% 18-02.05.23	-35 000 000.00 SEK	LCH/INTEREST RATE SWAP REC 3MS 18-02.05.23 | -44 946.77 | -0.03 |
| SEK	LCH/INTEREST RATE SWAP PAYER 0.52500% 18-07.05.23	-50 000 000.00 SEK	LCH/INTEREST RATE SWAP REC 3MS 18-07.05.23 | -64 416.55 | -0.05 |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.71375% 18-27.12.48	-340 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6ML 18-27.12.48 | -317 069.97 | -0.22 |
| GBP	LCH/INTEREST RATE SWAP PAYER 1.47203% 19-14.02.49	-1 800 000.00 GBP	LCH/INTEREST RATE SWAP REC 6ML 19-14.02.49 | -285 725.22 | -0.20 |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.68000% 19-05.03.49	-190 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6ML 19-05.03.49 | -158 606.10 | -0.11 |
| CHF	LCH/INTEREST RATE SWAP PAYER -0.49000% 19-09.04.23	-4 000 000.00 CHF	LCH/INTEREST RATE SWAP REC 6ML 19-09.04.23 | -12 386.89 | -0.01 |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.54275% 19-10.04.49	-85 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6ML 19-10.04.49 | -39 886.53 | -0.03 |
| CHF	LCH/INTEREST RATE SWAP PAYER -0.39500% 19-11.04.24	-2 800 000.00 CHF	LCH/INTEREST RATE SWAP REC 6ML 19-11.04.24 | -22 015.45 | -0.02 |

UBS (Lux) Bond SICAV – Global Inflation-linked (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) |  |
|  |  |  |  |  |
| CHF | LCH/INTEREST RATE SWAP PAYER -0.36000% 19-23.04.24 | -4 000 000.00 | -37 569.14 | -0.03 |
| CHF | LCH/INTEREST RATE SWAP REC 6ML 19-23.04.24 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.58300% 24-23.09.29 | -13 000 000.00 | 66 098.76 | 0.05 |
| NZD | LCH/INTEREST RATE SWAP REC 3MF 24-23.09.29 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.20750% 19-27.09.29 | -7 100 000.00 | 112 535.74 | 0.08 |
| NZD | LCH/INTEREST RATE SWAP REC 3MF 19-27.09.29 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.67500% 24-30.10.29 | -15 000 000.00 | 41 066.50 | 0.03 |
| NZD | LCH/INTEREST RATE SWAP REC 3MF 24-30.10.29 |  |  |  |
| INR | CITI/INTEREST RATE SWAP PAYER 4.98000% 19-29.11.24 | -350 000 000.00 | 1 083.67 | 0.00 |
| INR | CITI/INTEREST RATE SWAP REC 6MFMBCMP 19-29.11.24 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE REC 3.74500% 17-14.08.22 | 70 000 000.00 | 258 167.23 | 0.18 |
| CNY | JPMORGAN/INTEREST RATE PAYER CNRR007 17-14.08.22 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 7.84500% 18-20.04.28 | 50 000 000.00 | 168 030.28 | 0.12 |
| MXN | CME/INTEREST RATE SWAP PAYER 18-20.04.28 |  |  |  |
| ZAR | LCH/INTEREST RATE SWAP REC 8.31500% 18-11.06.28 | 25 000 000.00 | 74 231.02 | 0.05 |
| ZAR | LCH/INTEREST RATE SWAP PAYER 3M 18-11.06.28 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 8.87500% 18-18.10.28 | 65 000 000.00 | 460 506.47 | 0.32 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 18-18.10.28 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.77500% 18-16.11.48 | 700 000.00 | 180 096.82 | 0.13 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 18-16.11.48 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 8.68750% 19-22.12.28 | 60 000 000.00 | 390 317.67 | 0.27 |
| MXN | CME/INTEREST RATE SWAP PAYER 19-22.12.28 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.48901% 19-12.02.49 | 1 900 000.00 | 312 795.83 | 0.22 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-12.02.49 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.23835% 19-14.02.26 | 3 800 000.00 | 124 459.78 | 0.09 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-14.02.26 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.95500% 19-19.03.24 | 20 000 000.00 | 9 274.67 | 0.01 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 19-19.03.24 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.08409% 19-29.03.24 | 3 500 000.00 | 53 614.50 | 0.04 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-29.03.24 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 3.08000% 19-09.04.24 | 30 000 000.00 | 35 569.51 | 0.03 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 19-09.04.24 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 3.14000% 19-10.04.24 | 20 000 000.00 | 30 913.15 | 0.02 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 19-10.04.24 |  |  |  |
| CNY | HSBC/INTEREST RATE SWAP REC 3.23500% 19-17.04.24 | 30 000 000.00 | 63 270.95 | 0.04 |
| CNY | HSBC/INTEREST RATE SWAP PAYER CNRR007 19-17.04.24 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.18689% 19-20.06.49 | 600 000.00 | 37 032.65 | 0.03 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-20.06.49 |  |  |  |
| ZAR | LCH/INTEREST RATE SWAP REC 7.68000% 19-21.06.29 | 27 000 000.00 | -13 488.56 | -0.01 |
| ZAR | LCH/INTEREST RATE SWAP PAYER 3MJ 19-21.06.29 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.87500% 19-25.06.24 | 40 000 000.00 | -5 349.33 | 0.00 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 19-25.06.24 |  |  |  |
| ZAR | LCH/INTEREST RATE SWAP REC 7.71500% 19-08.08.29 | 30 000 000.00 | -14 527.84 | -0.01 |
| ZAR | LCH/INTEREST RATE SWAP PAYER 3MJ 19-08.08.29 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.83000% 19-30.08.24 | 45 000 000.00 | -23 413.63 | -0.02 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 19-30.08.24 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP REC 1.83100% 24-19.09.29 | 11 000 000.00 | -51 650.81 | -0.04 |
| CAD | LCH/INTEREST RATE SWAP PAYER 3MC 24-19.09.29 |  |  |  |
| CNY | CITIGROUP/INTEREST RATE SWAP REC 3.03500% 19-23.10.24 | 64 000 000.00 | 51 070.56 | 0.04 |
| CNY | CITIGROUP/INTEREST RATE SWAP PAYER CNRR007 19-23.10.24 |  |  |  |
| Total Swaps and forward swaps on interest rates |  | 268 666.09 | 0.19 |
| Credit default swaps* |  |  |  |
|  |  |  |  |
| USD	BOA/MEX CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -1 450 000.00 | -14 679.72 | -0.01 |
| USD	CITIBANK/BRAZIL CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -650 000.00 | 2 201.46 | 0.00 |
| USD	JPMORGAN/BRAZIL CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -650 000.00 | 2 201.46 | 0.00 |
| USD	BOA/TURKEY CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 1 450 000.00 | -119 321.89 | -0.09 |
| USD	CITIBANK/SOAF CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 650 000.00 | -19 329.74 | -0.01 |
| USD	JPMORGAN/SOAF CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 650 000.00 | -19 329.74 | -0.01 |
| Total Credit default swaps |  | -168 258.17 | -0.12 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  | 100 407.92 | 0.07 |
| Total Derivative instruments |  | 571 445.25 | 0.40 |
| Forward Foreign Exchange contracts |  |  |  |
| Forward Foreign Exchange contracts (Purchase/Sale) |  |  |  |

| USD | 700 345.24 | INR | 49 700 000.00 | 5.12.2019 | 7 490.91 | 0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 694 525.21 | CLP | 501 600 000.00 | 5.12.2019 | 72 746.10 | 0.05 |
| COP | 2 424 450 000.00 | USD | 716 339.19 | 5.12.2019 | -28 570.91 | -0.02 |
| USD | 750 810.35 | TWD | 22 700 000.00 | 5.12.2019 | 6 731.02 | 0.00 |
| MYR | 2 858 000.00 | USD | 683 895.67 | 5.12.2019 | -204.50 | 0.00 |
| KRW | 804 000 000.00 | USD | 689 649.26 | 5.12.2019 | -8 927.96 | -0.01 |
| USD | 2 103 174.60 | CNY | 14 840 000.00 | 5.12.2019 | -8 401.72 | -0.01 |
| USD | 785 567.37 | BRL | 3 170 000.00 | 5.12.2019 | 36 007.77 | 0.03 |
| USD | 715 747.06 | COP | 2 424 450 000.00 | 5.12.2019 | 27 978.78 | 0.02 |
| CLP | 501 600 000.00 | USD | 679 196.23 | 5.12.2019 | -57 417.12 | -0.04 |
| ARS | 29 934 007.00 | USD | 464 093.13 | 5.12.2019 | 30 073.89 | 0.02 |
| USD | 7 476 411.99 | JPY | 806 500 000.00 | 5.12.2019 | 110 528.23 | 0.08 |
| USD | 19 959 187.70 | NZD | 30 945 000.00 | 5.12.2019 | 94 431.83 | 0.07 |
| USD | 1 054 412.83 | ZAR | 15 630 000.00 | 5.12.2019 | -11 744.88 | -0.01 |
| USD | 1 229 070.10 | GBP | 950 000.00 | 5.12.2019 | 131.11 | 0.00 |
| USD | 2 490 208.35 | CAD | 3 275 000.00 | 5.12.2019 | 24 558.06 | 0.02 |
| HUF | 644 350 000.00 | USD | 2 197 013.48 | 5.12.2019 | -71 765.91 | -0.05 |
| NOK | 52 430 000.00 | USD | 5 775 431.23 | 5.12.2019 | -82 367.51 | -0.06 |
| PLN | 5 710 000.00 | USD | 1 498 653.84 | 5.12.2019 | -38 695.31 | -0.03 |
| SEK | 30 850 000.00 | USD | 3 234 858.37 | 5.12.2019 | -11 372.58 | -0.01 |
| USD | 42 158 413.33 | EUR | 37 690 000.00 | 5.12.2019 | 592 564.07 | 0.42 |
| AUD | 2 740 000.00 | USD | 1 895 759.42 | 5.12.2019 | -42 252.19 | -0.03 |
| USD | 702 982.46 | THB | 21 230 000.00 | 6.12.2019 | 365.27 | 0.00 |
| EUR | 57 704 100.00 | USD | 64 545 324.98 | 5.12.2019 | -907 226.74 | -0.64 |

* Positive nominal: the subfund is “Receiver”, negative nominal: the subfund is “Payer”.
UBS (Lux) Bond SICAV – Global Inflation-linked (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) |  |

Forward Foreign Exchange contracts (Continued)
Forward Foreign Exchange contracts (Purchase/Sale)
| CHF | 48 862 000.00 | USD | 49 564 990.17 | 5.12.2019 | -659 953.74 | -0.47 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 6 206 425.38 | MXN | 118 880 000.00 | 5.12.2019 | 114 654.24 | 0.08 |
| USD | 242 311.94 | NZD | 380 000.00 | 5.12.2019 | -1 624.31 | 0.00 |
| NZD | 1 129 266.32 | AUD | 1 040 000.00 | 5.12.2019 | 21 395.42 | 0.02 |
| EUR | 1 340 000.00 | PLN | 5 718 196.74 | 5.12.2019 | 15 744.68 | 0.01 |
| USD | 91 885.33 | JPY | 10 000 000.00 | 5.12.2019 | 553.85 | 0.00 |
| CLP | 533 544 000.00 | USD | 705 000.00 | 5.12.2019 | -43 623.38 | -0.03 |
| INR | 49 700 000.00 | USD | 688 556.39 | 5.12.2019 | 4 297.94 | 0.00 |
| USD | 91 987.60 | JPY | 10 000 000.00 | 5.12.2019 | 656.12 | 0.00 |
| MXN | 5 410 000.00 | USD | 277 169.40 | 5.12.2019 | 55.38 | 0.00 |
| COP | 2 405 900 000.00 | USD | 700 000.00 | 5.12.2019 | -17 493.98 | -0.01 |
| AUD | 1 025 000.00 | NZD | 1 090 231.00 | 5.12.2019 | -6 485.72 | 0.00 |
| GBP | 145 000.00 | USD | 186 428.24 | 5.12.2019 | 1 146.66 | 0.00 |
| NOK | 1 700 000.00 | USD | 185 132.17 | 5.12.2019 | -539.22 | 0.00 |
| NZD | 1 111 576.95 | AUD | 1 045 000.00 | 5.12.2019 | 6 659.00 | 0.00 |
| USD | 710 000.00 | THB | 21 463 584.00 | 6.12.2019 | -347.77 | 0.00 |
| INR | 50 765 000.00 | USD | 710 000.00 | 5.12.2019 | -2 298.79 | 0.00 |
| BRL | 970 000.00 | USD | 227 646.09 | 5.12.2019 | 1 714.42 | 0.00 |
| AUD | 1 045 000.00 | NZD | 1 101 137.40 | 5.12.2019 | 41.92 | 0.00 |
| USD | 745 729.30 | TWD | 22 700 000.00 | 7.1.2020 | 51.37 | 0.00 |
| TWD | 22 700 000.00 | USD | 744 262.30 | 5.12.2019 | -182.97 | 0.00 |
| USD | 708 909.37 | INR | 50 765 000.00 | 5.12.2019 | 1 208.16 | 0.00 |
| USD | 684 878.98 | MYR | 2 858 000.00 | 5.12.2019 | 1 187.81 | 0.00 |
| INR | 50 770 000.00 | USD | 706 807.74 | 7.1.2020 | -997.50 | 0.00 |
| MYR | 2 858 000.00 | USD | 684 550.90 | 7.1.2020 | -1 567.29 | 0.00 |
| USD | 681 431.01 | KRW | 804 000 000.00 | 5.12.2019 | 709.71 | 0.00 |
| KRW | 804 000 000.00 | USD | 681 933.84 | 7.1.2020 | -654.45 | 0.00 |
| CNY | 14 840 000.00 | USD | 2 111 704.02 | 5.12.2019 | -127.70 | 0.00 |
| USD | 2 110 502.74 | CNY | 14 840 000.00 | 7.1.2020 | 312.70 | 0.00 |
| CLP | 533 600 000.00 | USD | 658 115.44 | 7.1.2020 | 4 602.94 | 0.00 |
| USD | 656 992.98 | CLP | 533 544 000.00 | 5.12.2019 | -4 383.64 | 0.00 |
| COP | 2 405 900 000.00 | USD | 683 844.01 | 7.1.2020 | -2 624.47 | 0.00 |
| USD | 519 382.41 | BRL | 2 200 000.00 | 7.1.2020 | 5.74 | 0.00 |
| BRL | 2 200 000.00 | USD | 520 094.56 | 5.12.2019 | 104.53 | 0.00 |
| USD | 685 051.25 | COP | 2 405 900 000.00 | 5.12.2019 | 2 545.23 | 0.00 |
| USD | 493 960.51 | ARS | 29 934 007.00 | 5.12.2019 | -206.51 | 0.00 |
| ARS | 29 934 007.00 | USD | 458 407.46 | 7.1.2020 | -31 984.57 | -0.02 |
| Total Forward Foreign Exchange contracts (Purchase/Sale) | -862 788.48 | -0.61 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 10 100 922.14 | 7.11 |
| Bank overdraft and other short-term liabilities | -2 791 424.33 | -1.97 |
| Other assets and liabilities | 1 912 642.34 | 1.36 |
| Total net assets | 141 991 023.74 | 100.00 |

UBS (Lux) Bond SICAV – Global Inflation-linked (USD) Semi-Annual Report as of 30 November 2019

Translation (ENDE, 2019-11-30):
# UBS (Lux) Bond SICAV – Global Inflation-linked (USD)
| Wichtigste Daten |  |
| --- | --- |
|  | ISIN | 30.11.2019 | 31.5.2019 | 31.5.2018 |
| Nettovermögen in USD |  | 141 991 023.74 | 135 939 223.47 | 195 223 760.16 |
| Klasse (CHF hedged) I-A1-acc | LU0455555184 |  |  |  |
| Aktien im Umlauf |  | 62 379.0000 | 77 715.0000 | 77 530.0000 |
| Nettoinventarwert pro Aktie in CHF |  | 105.00 | 102.09 | 100.11 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 105.00 | 102.09 | 100.11 |
| Klasse (CHF hedged) I-A1-dist | LU0455555267 |  |  |  |
| Aktien im Umlauf |  | 129 047.0000 | 118 877.0000 | 104 254.4260 |
| Nettoinventarwert pro Aktie in CHF |  | 98.91 | 97.23 | 96.15 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 98.91 | 97.23 | 96.15 |
| Klasse I-A2-acc | LU0455552322 |  |  |  |
| Aktien im Umlauf |  | 33 750.0000 | 33 750.0000 | 25 000.0000 |
| Nettoinventarwert pro Aktie in USD |  | 113.02 | 108.09 | 102.54 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 113.02 | 108.09 | 102.54 |
| Klasse I-A3-acc | LU0455552678 |  |  |  |
| Aktien im Umlauf |  | 5 316.0000 | 3 608.0000 | 3 521.0000 |
| Nettoinventarwert pro Aktie in USD |  | 118.15 | 112.97 | 107.10 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 118.15 | 112.97 | 107.10 |
| Klasse (CHF hedged) I-A3-acc | LU0455555697 |  |  |  |
| Aktien im Umlauf |  | 5 000.0000 | 5 000.0000 | 6 150.0000 |
| Nettoinventarwert pro Aktie in CHF |  | 104.53 | 101.59 | 99.51 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 104.53 | 101.59 | 99.51 |
| Klasse (EUR hedged) I-A3-acc | LU0455558790 |  |  |  |
| Aktien im Umlauf |  | 7 925.0000 | 7 090.0000 | 7 141.0000 |
| Nettoinventarwert pro Aktie in EUR |  | 107.89 | 104.60 | 102.12 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 107.89 | 104.60 | 102.12 |
| Klasse (CHF hedged) I-B-acc | LU0455555853 |  |  |  |
| Aktien im Umlauf |  | 41 324.2830 | 41 324.2830 | 45 280.5730 |
| Nettoinventarwert pro Aktie in CHF |  | 109.76 | 106.47 | 103.92 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 109.76 | 106.47 | 103.92 |
| Klasse (EUR hedged) I-X-acc 2 | LU2069292600 |  |  |  |
| Aktien im Umlauf |  | 107 235.0000 | - | - |
| Nettoinventarwert pro Aktie in EUR |  | 100.38 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 100.38 | - | - |
| Klasse (EUR hedged) K-1-acc 3 | LU0455557396 |  |  |  |
| Aktien im Umlauf |  | 0.7000 | 0.7000 | - |
| Nettoinventarwert pro Aktie in EUR |  | 3 707 342.66 | 3 596 845.34 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 3 707 342.66 | 3 596 845.34 | - |
| Klasse P-acc | LU0455550201 |  |  |  |
| Aktien im Umlauf |  | 141 054.1310 | 121 017.7720 | 161 507.7250 |
| Nettoinventarwert pro Aktie in USD |  | 132.53 | 127.05 | 121.07 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 132.53 | 127.05 | 121.07 |
| Klasse (CHF hedged) P-acc | LU0455553486 |  |  |  |
| Aktien im Umlauf |  | 203 432.0850 | 206 632.4860 | 168 259.1180 |
| Nettoinventarwert pro Aktie in CHF |  | 114.73 | 111.79 | 110.04 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 114.73 | 111.79 | 110.04 |
| Klasse (EUR hedged) P-acc | LU0455556406 |  |  |  |
| Aktien im Umlauf |  | 292 920.6040 | 351 184.6770 | 604 496.0780 |
| Nettoinventarwert pro Aktie in EUR |  | 120.74 | 117.36 | 115.17 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 120.74 | 117.36 | 115.17 |
| Klasse Q-acc | LU1240775160 |  |  |  |
| Aktien im Umlauf |  | 31 773.6900 | 32 339.5170 | 23 709.7390 |
| Nettoinventarwert pro Aktie in USD |  | 117.02 | 111.96 | 106.27 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 117.02 | 111.96 | 106.27 |
| Klasse (CHF hedged) Q-acc | LU1240774940 |  |  |  |
| Aktien im Umlauf |  | 23 536.9540 | 27 408.0230 | 22 364.0280 |
| Nettoinventarwert pro Aktie in CHF |  | 104.93 | 102.04 | 100.08 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 104.93 | 102.04 | 100.08 |
| Klasse (EUR hedged) Q-acc | LU1240775087 |  |  |  |
| Aktien im Umlauf |  | 86 804.1710 | 115 035.6570 | 366 659.8170 |
| Nettoinventarwert pro Aktie in EUR |  | 107.14 | 103.94 | 101.59 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 107.14 | 103.94 | 101.59 |
| 1  Siehe Erläuterung 1 2  Erste NAV 30.10.2019 3  Erste NAV 18.9.2018 |  |  |  |  |

UBS (Lux) Bond SICAV – Global Inflation-linked (USD) Halbjahresbericht per 30. November 2019
UBS (Lux) Bond SICAV – Global Inflation-linked (USD) Halbjahresbericht per 30. November 2019

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Vereinigte Staaten | 40.21 |
| --- | --- |
| Neuseeland | 11.97 |
| Italien | 8.15 |
| Frankreich | 5.69 |
| Japan | 5.43 |
| Mexiko | 3.43 |
| Brasilien | 2.09 |
| Slowenien | 1.97 |
| Spanien | 1.76 |
| China | 1.67 |
| Luxemburg | 1.37 |
| Grossbritannien | 0.98 |
| Australien | 0.92 |
| Niederlande | 0.92 |
| Rumänien | 0.87 |
| Irland | 0.71 |
| Griechenland | 0.62 |
| Südafrika | 0.47 |
| Indonesien | 0.40 |
| Schweden | 0.34 |
| Deutschland | 0.33 |
| Türkei | 0.32 |
| Saudiarabia | 0.31 |
| Argentinien | 0.30 |
| Hongkong | 0.29 |
| Ukraine | 0.29 |
| Kasachstan | 0.26 |
| Kanada | 0.20 |
| Ägypten | 0.19 |
| Uruguay | 0.19 |
| Schweiz | 0.16 |
| Mongolei | 0.16 |
| Chile | 0.16 |
| Costa Rica | 0.14 |
| Oman | 0.13 |
| Peru | 0.11 |
| Ecuador | 0.11 |
| Kolumbien | 0.09 |
| Total | 93.71 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Länder- & Zentralregierungen | 82.35 |
| --- | --- |
| Finanz- & Beteiligungsgesellschaften | 2.80 |
| Banken & Kreditinstitute | 2.69 |
| Erdöl | 1.11 |
| Versicherungen | 0.77 |
| Immobilien | 0.72 |
| Verkehr & Transport | 0.48 |
| Telekommunikation | 0.46 |
| Chemie | 0.29 |
| Pharmazeutik, Kosmetik & medizinische Produkte | 0.26 |
| Gesundheits- & Sozialwesen | 0.24 |
| Öffentlich-rechtliche Körperschaften | 0.19 |
| Computer & Netzwerkausrüster | 0.18 |
| Elektrische Geräte & Komponenten | 0.17 |
| Anlagefonds | 0.16 |
| Landwirtschaft & Fischerei | 0.15 |
| Internet, Software & IT-Dienste | 0.15 |
| Energie- & Wasserversorgung | 0.13 |
| Grafisches Gewerbe, Verlage & Medien | 0.11 |
| Tabak & alkoholische Getränke | 0.09 |
| Diverse Dienstleistungen | 0.09 |
| Verpackungsindustrie | 0.08 |
| Nahrungsmittel & Softdrinks | 0.04 |
| Total | 93.71 |


## Nettovermögensaufstellung
Aktiva	30.11.2019
USD
Wertpapierbestand, Einstandswert	127 030 601.98
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	6 029 624.84	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 133 060 226.82 |
| Bankguthaben, Sicht- und Fristgelder | 7 703 748.38 |
| Andere liquide Mittel (Margins) | 2 397 173.76 |
| Forderungen aus Zeichnungen | 1 207 484.53 |
| Zinsforderungen aus Wertpapieren | 893 127.96 |
| Zinsforderungen aus liquiden Mitteln | 1 048.17 |
| Sonstige Forderungen | 33 693.56 |
| Nicht realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten (Erläuterung 1) | 471 037.33 |
| Nicht realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten (Erläuterung 1) | -862 788.48 |
| Nicht realisierter Kursgewinn (-verlust) aus Swaps (Erläuterung 1) | 100 407.92 |
| Total Aktiva | 145 005 159.95 |
|  |  |
| Passiva |  |
| Kontokorrentkredit | -2 791 424.33 |
| Zinsverbindlichkeiten aus Kontokorrentkredit | -10.77 |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -121 050.71 |
| Verbindlichkeiten aus Rücknahmen | -33 883.76 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -38 183.18 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -8 859.64 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-20 723.82	 |
| Total Rückstellungen für Aufwendungen | -67 766.64 |
| Total Passiva | -3 014 136.21 |
|  |  |
| Nettovermögen am Ende der Berichtsperiode | 141 991 023.74 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 1.6.2019-30.11.2019 |
| Zinsertrag auf liquide Mittel | 8 699.02 |
| Zinsen auf Wertpapiere | 1 490 411.30 |
| Zinsertrag auf Swaps (Erläuterung 1) | 2 397 668.58 |
| Erträge aus Securities Lending (Erläuterung 13) | 31 404.40 |
| Sonstige Erträge (Erläuterung 4) | 26 016.25 |
| Total Erträge | 3 954 199.55 |
|  |  |
| Aufwendungen |  |
| Zinsaufwand auf Swaps (Erläuterung 1) | -2 527 341.88 |
| Pauschale Verwaltungskommission (Erläuterung 2) | -506 636.11 |
| Abonnementsabgabe (Erläuterung 3) | -28 076.51 |
| Kosten aus Securities Lending (Erläuterung 13) | -12 561.76 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -7 981.40 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -11 896.86 |
| Total Aufwendungen | -3 094 494.52 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | 859 705.03 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 2 532 273.80 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | -2 298 877.53 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | 1 994 279.28 |
| Realisierter Kursgewinn (-verlust) aus Swaps | -855 121.67 |
| Realisierter Währungsgewinn (-verlust) | -1 771 286.77 |
| Total der realisierten Gewinne (Verluste) | -398 732.89 |
|  |  |
| Realisierter Nettogewinn (-verlust) der Berichtsperiode | 460 972.14 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 2 614 095.60 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | 1 379 826.74 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | -1 813 470.45 |
| Nicht realisierte Werterhöhung (-minderung) von Swaps | 1 256 845.94 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 3 437 297.83 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 3 898 269.97 |

UBS (Lux) Bond SICAV – Global Inflation-linked (USD) Halbjahresbericht per 30. November 2019
| Veränderungen des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.6.2019-30.11.2019 |
| Nettovermögen zu Beginn der Berichtsperiode | 135 939 223.47 |
| Zeichnungen | 36 727 783.50 |
| Rücknahmen | 	-34 433 244.42	 |
| Total Mittelzufluss (-abfluss) | 2 294 539.08 |
| Ausbezahlte Dividende | -141 008.78 |
| Nettoerträge (-verluste) aus Anlagen | 859 705.03 |
| Total der realisierten Gewinne (Verluste) | -398 732.89 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	3 437 297.83	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 3 898 269.97 |
| Nettovermögen am Ende der Berichtsperiode | 141 991 023.74 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2019-30.11.2019 |
| Klasse | (CHF hedged) I-A1-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 77 715.0000 |
| Anzahl der ausgegebenen Aktien | 2 558.0000 |
| Anzahl der zurückgegebenen Aktien | -17 894.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 62 379.0000 |
| Klasse | (CHF hedged) I-A1-dist |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 118 877.0000 |
| Anzahl der ausgegebenen Aktien | 10 475.0000 |
| Anzahl der zurückgegebenen Aktien | -305.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 129 047.0000 |
| Klasse | I-A2-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 33 750.0000 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 33 750.0000 |
| Klasse | I-A3-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 3 608.0000 |
| Anzahl der ausgegebenen Aktien | 1 708.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 5 316.0000 |
| Klasse | (CHF hedged) I-A3-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 5 000.0000 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 5 000.0000 |
| Klasse | (EUR hedged) I-A3-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 7 090.0000 |
| Anzahl der ausgegebenen Aktien | 835.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 7 925.0000 |
| Klasse | (CHF hedged) I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 41 324.2830 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 41 324.2830 |
| Klasse | (EUR hedged) I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 0.0000 |
| Anzahl der ausgegebenen Aktien | 107 235.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 107 235.0000 |
| Klasse | (EUR hedged) K-1-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 0.7000 |
| Anzahl der ausgegebenen Aktien | 3.0000 |
| Anzahl der zurückgegebenen Aktien | -3.0000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 0.7000 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 121 017.7720 |
| Anzahl der ausgegebenen Aktien | 45 919.0990 |
| Anzahl der zurückgegebenen Aktien | -25 882.7400 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 141 054.1310 |
| Klasse | (CHF hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 206 632.4860 |
| Anzahl der ausgegebenen Aktien | 3 718.0750 |
| Anzahl der zurückgegebenen Aktien | -6 918.4760 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 203 432.0850 |

UBS (Lux) Bond SICAV – Global Inflation-linked (USD) Halbjahresbericht per 30. November 2019
| Klasse | (EUR hedged) P-acc |
| --- | --- |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 351 184.6770 |
| Anzahl der ausgegebenen Aktien | 20 068.2290 |
| Anzahl der zurückgegebenen Aktien | -78 332.3020 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 292 920.6040 |
| Klasse | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 32 339.5170 |
| Anzahl der ausgegebenen Aktien | 1 912.6390 |
| Anzahl der zurückgegebenen Aktien | -2 478.4660 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 31 773.6900 |
| Klasse | (CHF hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 27 408.0230 |
| Anzahl der ausgegebenen Aktien | 285.3310 |
| Anzahl der zurückgegebenen Aktien | -4 156.4000 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 23 536.9540 |
| Klasse | (EUR hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn der Berichtsperiode | 115 035.6570 |
| Anzahl der ausgegebenen Aktien | 11 933.4650 |
| Anzahl der zurückgegebenen Aktien | -40 164.9510 |
| Anzahl der Aktien im Umlauf am Ende der Berichtsperiode | 86 804.1710 |

| Jährliche Ausschüttung 1 |  |
| --- | --- |
| UBS (Lux) Bond SICAV – Global Inflation-linked (USD) | Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| (CHF hedged) I-A1-dist 1  Siehe Erläuterung 5 | 1.8.2019 | 6.8.2019 | CHF | 1.09 |

UBS (Lux) Bond SICAV – Global Inflation-linked (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 |  |  |  |
| BRL |  |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 10.00000% 16-01.01.27 | 9 300.00 | 2 586 094.18 | 1.82 |
| Total BRL |  | 2 586 094.18 | 1.82 |
| EUR |  |  |  |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 100 000.00 | 122 675.27 | 0.09 |
| EUR	ALTICE LUXEMBOURG SA-REG-S 8.00000% 19-15.05.27 | 100 000.00 | 122 184.62 | 0.09 |
| EUR	ARDAGH PACKAGING FINANCE/MP-REG-S 2.12500% 19-15.08.26 | 100 000.00 | 113 429.97 | 0.08 |
| EUR	CHINA, PEOPLE’S REPUBLIC OF-REG-S 1.00000% 19-12.11.39 | 240 000.00 | 259 331.52 | 0.18 |
| EUR	DREAM GLOBAL FUNDING 1 SARL-REG-S 1.37500% 17-21.12.21 | 300 000.00 | 334 541.63 | 0.23 |
| EUR	FINANCIAL & RISK US HOLDINGS INC-REG-S 6.87500% 18-15.11.26 | 100 000.00 | 124 588.29 | 0.09 |
| EUR	LOXAM SAS-REG-S 3.75000% 19-15.07.26 | 100 000.00 | 113 744.22 | 0.08 |
| Total EUR |  | 1 190 495.52 | 0.84 |
| USD |  |  |  |
| USD	ABBVIE INC 4.25000% 18-14.11.28 | 70 000.00 | 77 136.65 | 0.05 |
| USD	ABBVIE INC 4.87500% 18-14.11.48 | 50 000.00 | 57 157.12 | 0.04 |
| USD	AECOM TECHNOLOGY CORP 5.87500% 15-15.10.24 | 230 000.00 | 251 275.00 | 0.18 |
| USD	ALTICE FINANCING SA-144A 6.62500% 15-15.02.23 | 210 000.00 | 214 725.00 | 0.15 |
| USD	ALTRIA GROUP INC 4.40000% 19-14.02.26 | 65 000.00 | 70 294.53 | 0.05 |
| USD	ALTRIA GROUP INC 4.80000% 19-14.02.29 | 50 000.00 | 55 278.62 | 0.04 |
| USD	APT PIPELINES LTD-REG-S 4.20000% 15-23.03.25 | 100 000.00 | 106 386.00 | 0.07 |
| USD	ARGENTINA, REPUBLIC OF 6.87500% 18-11.01.48 | 300 000.00 | 120 093.75 | 0.08 |
| USD	AT&T INC 4.35000% 19-01.03.29 | 100 000.00 | 110 322.71 | 0.08 |
| USD	AT&T INC 4.75000% 15-15.05.46 | 75 000.00 | 83 847.14 | 0.06 |
| USD	CF INDUSTRIES INC 5.15000% 14-15.03.34 | 200 000.00 | 218 000.00 | 0.15 |
| USD	CHILE, REPUBLIC OF 3.86000% 17-21.06.47 | 200 000.00 | 223 437.50 | 0.16 |
| USD	CIGNA CORP 4.37500% 19-15.10.28 | 85 000.00 | 94 290.38 | 0.07 |
| USD	CITIGROUP INC 4.65000% 18-23.07.48 | 135 000.00 | 167 607.63 | 0.12 |
| USD	CNAC HK FINBRIDGE CO LTD-REG-S 4.12500% 18-14.03.21 | 200 000.00 | 203 562.50 | 0.14 |
| USD	COMCAST CORP 4.15000% 18-15.10.28 | 50 000.00 | 56 367.47 | 0.04 |
| USD	COMCAST CORP 4.70000% 18-15.10.48 | 40 000.00 | 49 666.99 | 0.04 |
| USD	COMCAST CORP 4.95000% 18-15.10.58 | 40 000.00 | 52 245.23 | 0.04 |
| USD	CONAGRA BRANDS INC 5.40000% 18-01.11.48 | 50 000.00 | 59 518.42 | 0.04 |
| USD	COSTA RICA, REPUBLIC OF-REG-S 7.15800% 15-12.03.45 | 200 000.00 | 201 625.00 | 0.14 |
| USD	CVS HEALTH CORP 4.30000% 18-25.03.28 | 65 000.00 | 70 853.13 | 0.05 |
| USD	ECUADOR, REPUBLIC OF-REG-S 8.87500% 17-23.10.27 | 200 000.00 | 160 500.00 | 0.11 |
| USD	ENABLE MIDSTREAM PARTNERS LP 3.90000% 15-15.05.24 | 100 000.00 | 100 781.22 | 0.07 |
| USD	ENERGY TRANSFER OPERATING LP 4.50000% 19-15.04.24 | 100 000.00 | 105 726.96 | 0.07 |
| USD	INDONESIA, REPUBLIC OF-REG-S 5.25000% 12-17.01.42 | 300 000.00 | 358 593.75 | 0.25 |
| USD	NEXEN INC 6.40000% 07-15.05.37 | 200 000.00 | 279 000.00 | 0.20 |
| USD	OMAN GOVT INTERNATIONAL BOND-REG-S 6.75000% 18-17.01.48 | 200 000.00 | 189 562.50 | 0.13 |
| USD	PETROLEOS MEXICANOS 6.50000% 18-13.03.27 | 80 000.00 | 83 719.00 | 0.06 |
| USD	SYNGENTA FINANCE NV-144A 3.93300% 18-23.04.21 | 200 000.00 | 203 519.36 | 0.14 |
| USD	TEVA PHARMACEUTICAL FINANCE NL III BV 2.80000% 16-21.07.23 | 180 000.00 | 162 450.00 | 0.11 |
| USD	TURKEY, REPUBLIC OF 6.87500% 06-17.03.36 | 450 000.00 | 451 406.25 | 0.32 |
| USD	UKRAINE, GOVERNMENT OF-REG-S 7.37500% 17-25.09.32 | 400 000.00 | 407 000.00 | 0.29 |
| USD	URUGUAY, REPUBLIC OF 4.12500% 12-20.11.45 | 250 000.00 | 266 484.36 | 0.19 |
| USD	VEB FINANCE PLC-REG-S LPN 5.94200% 13-21.11.23 | 200 000.00 | 220 500.00 | 0.16 |
| USD	YPF SA-REG-S 6.95000% 17-21.07.27 | 160 000.00 | 121 900.00 | 0.09 |
| USD	YPF SA-REG-S 7.00000% 17-15.12.47 | 170 000.00 | 116 290.63 | 0.08 |
| Total USD |  | 5 771 124.80 | 4.06 |
| Total Notes, fester Zins |  | 9 547 714.50 | 6.72 |
| Notes, variabler Zins |  |  |  |
| EUR |  |  |  |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 3.250%/VAR 19-PRP | 100 000.00 | 120 192.22 | 0.08 |
| EUR	ITALY, REPUBLIC OF-144A-REG-S 2.350%/CPI LINKED 14-15.09.24 | 3 120 000.00 | 4 044 334.28 | 2.85 |
| Total EUR |  | 4 164 526.50 | 2.93 |
| USD |  |  |  |
| USD	STANDARD CHARTERED PLC-REG-S-SUB 7.750%/VAR 17-PRP | 290 000.00 | 318 275.00 | 0.23 |
| Total USD |  | 318 275.00 | 0.23 |
| Total Notes, variabler Zins |  | 4 482 801.50 | 3.16 |
| Medium-Term Notes, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 2.37500% 19-27.09.27 | 100 000.00 | 119 042.87 | 0.08 |
| EUR	AKELIUS RESIDENTIAL PROPERTY AB-REG-S 1.75000% 17-07.02.25 | 100 000.00 | 115 550.71 | 0.08 |
| EUR	AROUNDTOWN SA-REG-S 2.00000% 18-02.11.26 | 200 000.00 | 234 638.13 | 0.17 |
| EUR	CNH INDUSTRIAL FINANCE EUROPE SA-REG-S 1.87500% 18-19.01.26 | 100 000.00 | 116 073.98 | 0.08 |
| EUR	DEUTSCHE BANK AG-REG-S 1.62500% 19-12.02.21 | 100 000.00 | 111 423.20 | 0.08 |
| EUR	GAS NETWORKS IRELAND-REG-S 0.12500% 19-04.12.24 | 110 000.00 | 120 988.85 | 0.09 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 2.00000% 18-01.11.28 | 100 000.00 | 121 065.92 | 0.09 |
| EUR	ORANO SA 4.87500% 09-23.09.24 | 50 000.00 | 63 812.98 | 0.04 |
| EUR	REDEXIS GAS FINANCE BV-REG-S 1.87500% 15-27.04.27 | 100 000.00 | 113 627.78 | 0.08 |
| EUR	REN FINANCE B V-REG-S 2.50000% 15-12.02.25 | 200 000.00 | 243 333.67 | 0.17 |
| EUR	ROMANIA-REG-S 4.62500% 19-03.04.49 | 500 000.00 | 683 956.56 | 0.48 |
| EUR	TELECOM ITALIA FINANCE SA 7.75000% 03-24.01.33 | 130 000.00 | 211 383.42 | 0.15 |
| EUR	VOLKSWAGEN FINANCIAL SERVICES AG-REG-S 1.50000% 19-01.10.24 | 115 000.00 | 131 163.42 | 0.09 |
| Total EUR |  | 2 386 061.49 | 1.68 |

UBS (Lux) Bond SICAV – Global Inflation-linked (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) |  |
| GBP |  |  |  |  |
| GBP | PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 4.12500% 17-20.07.22 | 100 000.00 | 134 906.87 | 0.10 |
| Total GBP |  |  | 134 906.87 | 0.10 |
| USD |  |  |  |  |
| USD | EGYPT, REPUBLIC OF-REG-S 8.70020% 19-01.03.49 | 250 000.00 | 268 281.25 | 0.19 |
| USD | MEXICO, UNITED STATES OF 4.75000% 12-08.03.44 | 150 000.00 | 163 453.12 | 0.11 |
| USD | MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 200 000.00 | 225 687.50 | 0.16 |
| USD | MORGAN STANLEY-SUB 4.35000% 14-08.09.26 | 150 000.00 | 164 124.03 | 0.11 |
| USD | PERTAMINA PERSERO PT-REG-S 4.70000% 19-30.07.49 | 200 000.00 | 209 000.00 | 0.15 |
| USD | ROMANIA-REG-S 6.12500% 14-22.01.44 | 250 000.00 | 324 375.00 | 0.23 |
| USD | SAUDI ARABIAN OIL CO-REG-S 3.50000% 19-16.04.29 | 200 000.00 | 208 875.00 | 0.15 |
| USD | SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 4.00000% 18-17.04.25 | 215 000.00 | 230 480.00 | 0.16 |
| Total USD |  |  | 1 794 275.90 | 1.26 |
| Total Medium-Term Notes, fester Zins |  | 4 315 244.26 | 3.04 |
| Medium-Term Notes, variabler Zins |  |  |  |
| EUR |  |  |  |
| EUR	AXA SA-REG-S-SUB 3.250%/VAR 18-28.05.49 | 100 000.00 | 125 599.81 | 0.09 |
| EUR	CAIXABANK SA-REG-S-SUB 2.750%/VAR 17-14.07.28 | 100 000.00 | 116 205.17 | 0.08 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 100 000.00 | 117 013.43 | 0.08 |
| EUR	ROYAL BK OF SCOTLAND GP PLC-REG-S 2.000%/VAR 18-04.03.25 | 300 000.00 | 347 322.31 | 0.25 |
| EUR	UBS AG-REG-S-SUB 4.750%/VAR 14-12.02.26 | 200 000.00 | 231 270.35 | 0.16 |
| Total EUR |  | 937 411.07 | 0.66 |
| Total Medium-Term Notes, variabler Zins |  | 937 411.07 | 0.66 |
| Anleihen, fester Zins |  |  |  |
| CNY |  |  |  |
| CNY	CHINA DEVELOPMENT BANK CORP 3.80000% 16-25.01.36 | 15 000 000.00 | 2 108 724.83 | 1.48 |
| Total CNY |  | 2 108 724.83 | 1.48 |
| EUR |  |  |  |
| EUR	ADLER REAL ESTATE AG-REG-S 3.00000% 18-27.04.26 | 200 000.00 | 227 522.84 | 0.16 |
| EUR	ADO PROPERTIES SA-REG-S 1.50000% 17-26.07.24 | 200 000.00 | 218 784.07 | 0.15 |
| EUR	ARENA LUXEMBOURG FINANCE SARL-REG-S 2.87500% 17-01.11.24 | 100 000.00 | 114 119.10 | 0.08 |
| EUR	DXC TECHNOLOGY CO 1.75000% 18-15.01.26 | 100 000.00 | 109 396.44 | 0.08 |
| EUR	EIRCOM FINANCE DAC-REG-S 3.50000% 19-15.05.26 | 100 000.00 | 115 113.65 | 0.08 |
| EUR	GLOBALWORTH REAL ESTATE INVEST-REG-S 2.87500% 17-20.06.22 | 200 000.00 | 232 648.60 | 0.16 |
| EUR	GREECE, HELLENIC REPUBLIC OF-144A-REG-S 1.87500% 19-23.07.26 | 755 000.00 | 876 966.47 | 0.62 |
| EUR	INTRUM JUSTITIA AB-REG-S 3.12500% 17-15.07.24 | 200 000.00 | 222 992.03 | 0.16 |
| EUR	MPT OPERATING PARTNERSHIP LP/FIN CORP 3.32500% 17-24.03.25 | 100 000.00 | 121 294.38 | 0.09 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 1.50000% 15-25.03.35 | 1 185 000.00 | 1 488 535.47 | 1.05 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 3.12500% 15-07.08.45 | 800 000.00 | 1 310 522.14 | 0.92 |
| EUR	VIVION INVESTMENTS SARL-REG-S 3.00000% 19-08.08.24 | 100 000.00 | 109 708.70 | 0.08 |
| Total EUR |  | 5 147 603.89 | 3.63 |
| GBP |  |  |  |
| GBP	SCOTTISH WIDOWS PLC-REG-S-SUB 5.50000% 13-16.06.23 | 100 000.00 | 143 757.10 | 0.10 |
| GBP	VIRGIN MEDIA SECURED FINANCE PLC-REG-S 4.87500% 15-15.01.27 | 150 000.00 | 197 905.50 | 0.14 |
| Total GBP |  | 341 662.60 | 0.24 |
| MXN |  |  |  |
| MXN	MEXICO, UNITED MEXICAN STATES 7.75000% 11-13.11.42 | 797 200.00 | 4 266 637.45 | 3.00 |
| Total MXN |  | 4 266 637.45 | 3.00 |
| USD |  |  |  |
| USD	ARGENTINA, REPUBLIC OF (PIK) 8.28000% 05-31.12.33 | 100 000.00 | 68 875.12 | 0.05 |
| USD	BRAZIL, FEDERATIVE REPUBLIC OF 7.12500% 06-20.01.37 | 300 000.00 | 380 250.00 | 0.27 |
| USD	CNAC HK FINBRIDGE CO LTD-REG-S 4.62500% 18-14.03.23 | 200 000.00 | 210 500.00 | 0.15 |
| USD	COLOMBIA, REPUBLIC OF 6.12500% 09-18.01.41 | 100 000.00 | 127 781.25 | 0.09 |
| USD	GAZ CAPITAL SA/GAZPROM-REG-S LPN 7.28800% 07-16.08.37 | 200 000.00 | 273 812.51 | 0.19 |
| USD	HCA INC 5.37500% 15-01.02.25 | 200 000.00 | 221 000.00 | 0.15 |
| USD	KAZAKHSTAN, REPUBLIC OF-REG-S 4.87500% 14-14-10.44 | 300 000.00 | 364 031.25 | 0.26 |
| USD	MEXICO CITY AIRPORT TRUST-REG-S 5.50000% 17-31.07.47 | 201 000.00 | 202 067.81 | 0.14 |
| USD	PERU, REPUBLIC OF 8.75000% 03-21.11.33 | 100 000.00 | 164 750.00 | 0.12 |
| USD	SFC CAPITAL LTD-REG-S 5.37500% 16-16.06.23 | 200 000.00 | 212 750.00 | 0.15 |
| Total USD |  | 2 225 817.94 | 1.57 |
| ZAR |  |  |  |
| ZAR	SOUTH AFRICA, REPUBLIC OF 8.50000% 13-31.01.37 | 11 100 000.00 | 662 117.32 | 0.47 |
| Total ZAR |  | 662 117.32 | 0.47 |
| Total Anleihen, fester Zins |  | 14 752 564.03 | 10.39 |
| Anleihen, variabler Zins |  |  |  |
| AUD |  |  |  |
| AUD	AUSTRALIA 2.500%/CPI LINKED 10-20.09.30 | 615 000.00 | 656 334.39 | 0.46 |
| AUD	NEW SOUTH WALES TREASURY CORP 3.750%/CPI LINKED 09-20.11.20 | 303 000.00 | 265 304.69 | 0.19 |
| Total AUD |  | 921 639.08 | 0.65 |
| EUR |  |  |  |
| EUR	BANK OF IRELAND-REG-S-SUB 7.375%/VAR 15-PRP | 200 000.00 | 228 374.93 | 0.16 |
| EUR	ELM BV-REG-S-SUB 2.600%/VAR 15-PRP | 100 000.00 | 119 078.59 | 0.08 |
| EUR	ENGIE SA-REG-S-SUB 3.250%/VAR 19-PRP | 100 000.00 | 120 578.13 | 0.09 |
| EUR	FRANCE, REPUBLIC OF 1.850%/CPTFEMU LINKED 10-25.07.27 | 1 890 000.00 | 2 907 366.37 | 2.05 |
| EUR	FRANCE, REPUBLIC OF 0.250%/CPTFEMU LINKED 13-25.07.24 | 1 429 000.00 | 1 807 162.43 | 1.27 |
| EUR	FRANCE, REPUBLIC OF-OAT 0.100%/CPI LINKED 15-01.03.25 | 600 000.00 | 735 527.86 | 0.52 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.100%/CPI LINKED 17-01.03.28 | 1 500 000.00 | 1 890 161.23 | 1.33 |
| EUR	ITALY, REPUBLIC OF 2.550%/CPI LINKED 09-15.09.41 | 1 300 000.00 | 2 087 567.96 | 1.47 |

UBS (Lux) Bond SICAV – Global Inflation-linked (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) |  |
|  |  |  |  |  |
| EUR | ITALY, REPUBLIC OF 3.100%/CPI LINKED 11-15.09.26 | 2 010 000.00 | 2 949 678.01 | 2.08 |
| EUR | ITALY, REPUBLIC OF-144A-REG-S 1.300%/CPI LINKED 17-15.05.28 | 1 518 000.00 | 1 876 026.45 | 1.32 |
| EUR | ITALY, REPUBLIC OF-BTP 2.600%/CPI LINKED 07-15.09.23 | 420 000.00 | 614 656.44 | 0.43 |
| EUR | SPAIN GOVERNMENT-144A-REG-S 1.000%/CPI LINKED 15-30.11.30 | 88 000.00 | 119 414.34 | 0.08 |
| EUR | SPAIN GOVERNMENT-144A-REG-S 0.650%/CPI LINKED 17-30.11.27 | 1 670 000.00 | 2 139 056.07 | 1.51 |
| EUR | VONOVIA FINANCE BV-REG-S-SUB 4.000%/VAR 14-PRP | 100 000.00 | 117 654.70 | 0.08 |
| Total EUR |  |  | 17 712 303.51 | 12.47 |
| GBP |  |  |  |  |
| GBP | M&G PLC-REG-S-SUB 5.625%/VAR 18-20.10.51 | 175 000.00 | 257 592.24 | 0.18 |
| Total GBP |  |  | 257 592.24 | 0.18 |
| SEK |  |  |  |  |
| SEK | SWEDEN, KINGDOM OF 0.250%/IDX LINKED 11-01.06.22 | 1 170 000.00 | 139 271.82 | 0.10 |
| Total SEK |  |  | 139 271.82 | 0.10 |
| USD |  |  |  |  |
| USD | QBE INSURANCE GROUP LTD-REG-S-SUB 6.750%/VAR 14-02.12.44 | 250 000.00 | 278 720.00 | 0.20 |
| USD | SCOR SE-REG-S-SUB 5.250%/VAR 18-PRP | 200 000.00 | 197 000.00 | 0.14 |
| USD | WESTPAC BANKING CORP-SUB 5.000%/VAR 17-PRP | 75 000.00 | 74 228.25 | 0.05 |
| Total USD |  |  | 549 948.25 | 0.39 |
| Total Anleihen, variabler Zins |  | 19 580 754.90 | 13.79 |
| Treasury-Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 2.000%/CPI LINKED 06-15.01.26 | 2 495 000.00 | 3 574 790.74 | 2.52 |
| USD	AMERICA, UNITED STATES OF 2.125%/CPI IDX LKND 10-15.02.40 | 430 000.00 | 676 424.49 | 0.48 |
| USD	AMERICA, UNITED STATES OF 0.875%/CPI LINKED 17-15.02.47 | 800 000.00 | 928 691.23 | 0.65 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.07.27 | 7 220 000.00 | 7 702 769.78 | 5.42 |
| USD	AMERICA, UNITED STATES OF 0.875%/CPI LINKED 19-15.01.29 | 8 500 000.00 | 9 167 237.26 | 6.46 |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 16-15.01.26 | 1 649 000.00 | 1 827 615.81 | 1.29 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 16-15.07.26 | 5 282 000.00 | 5 649 692.02 | 3.98 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 17-15.01.27 | 7 500 000.00 | 8 065 440.22 | 5.68 |
| USD	AMERICA, UNITED STATES OF 0.375%/CPI LINKED 15-15.07.25 | 2 000 000.00 | 2 193 849.70 | 1.54 |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 18-15.07.28 | 4 000 000.00 | 4 293 835.49 | 3.02 |
| Total USD |  | 44 080 346.74 | 31.04 |
| Total Treasury-Notes, variabler Zins | 44 080 346.74 | 31.04 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 97 696 837.00 | 68.80 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Notes, fester Zins |  |  |
| USD |  |  |
| USD	BROADCOM CORP/CAYMAN FIN LTD 3.62500% 18-15.01.24	80 000.00 | 82 324.35 | 0.06 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 5.50000% 16-01.05.26	160 000.00 | 168 800.00 | 0.12 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 7.12500% 16-15.06.24	210 000.00 | 222 075.00 | 0.16 |
| USD	ENERGY TRANSFER PARTNERS LP 6.00000% 18-15.06.48	60 000.00 | 68 445.32 | 0.05 |
| USD	ENLINK MIDSTREAM PARTNERS LP 4.40000% 14-01.04.24	75 000.00 | 69 000.00 | 0.05 |
| USD	MPLX LP-144A 4.25000% 19-01.12.27	40 000.00 | 41 941.60 | 0.03 |
| USD	PETROBRAS GLOBAL FINANCE BV-144A 5.09300% 19-15.01.30	100 000.00 | 104 450.00 | 0.07 |
| USD	PHILLIPS 66 PARTNERS LP 4.68000% 15-15.02.45	75 000.00 | 80 994.38 | 0.06 |
| USD	SPRINT CORP 7.87500% 14-15.09.23	200 000.00 | 219 875.00 | 0.15 |
| Total USD | 1 057 905.65 | 0.75 |
| Total Notes, fester Zins | 1 057 905.65 | 0.75 |
| Anleihen, fester Zins |  |  |
| USD |  |  |
| USD	NETFLIX INC 4.37500% 16-15.11.26	100 000.00 | 101 250.00 | 0.07 |
| Total USD | 101 250.00 | 0.07 |
| Total Anleihen, fester Zins | 101 250.00 | 0.07 |
| Anleihen, variabler Zins |  |  |
| JPY |  |  |
| JPY	JAPAN 0.100%/CPI LINKED 13-10.09.23	171 000 000.00 | 1 658 489.96 | 1.17 |
| JPY	JAPAN 0.100%/CPI LINKED 18-10.03.28	170 000 000.00 | 1 616 109.57 | 1.14 |
| JPY	JAPAN 0.100%/CPI LINKED 19-10.03.29	470 000 000.00 | 4 436 778.09 | 3.12 |
| Total JPY | 7 711 377.62 | 5.43 |
| NZD |  |  |
| NZD	NEW ZEALAND 2.500%/CPI LINKED 17-20.09.40	5 660 000.00 | 5 240 897.30 | 3.69 |
| NZD	NEW ZEALAND 3.000%/CPI LINKED 13-20.09.30	7 805 000.00 | 6 982 678.51 | 4.92 |
| NZD	NEW ZEALAND-REG-S 2.500%/CPI LINKED 14-20.09.35	5 256 000.00 | 4 696 939.90 | 3.31 |
| Total NZD | 16 920 515.71 | 11.92 |
| Total Anleihen, variabler Zins | 24 631 893.33 | 17.35 |

UBS (Lux) Bond SICAV – Global Inflation-linked (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) |  |
| Treasury-Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 15-15.02.45 | 2 800 000.00 | 3 226 457.43 | 2.27 |
| USD	AMERICA, UNITED STATES OF 1.000%/INFLATION LINKD 16-15.02.46 | 3 000 000.00 | 3 642 528.01 | 2.57 |
| USD	AMERICA, UNITED STATES OF 0.250%/CPI LINKED 15-15.01.25 | 1 906 000.00 | 2 071 494.84 | 1.46 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 15-15.04.20 | 435 000.00 | 475 634.06 | 0.33 |
| Total USD |  | 9 416 114.34 | 6.63 |
| Total Treasury-Notes, variabler Zins |  | 9 416 114.34 | 6.63 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  | 35 207 163.32 | 24.80 |
| Neuemittierte Wertpapiere und Geldmarktinstrumente |  |  |  |
| Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	PETROLEOS MEXICANOS-144A 6.84000% 19-23.01.30 | 149 000.00 | 156 226.50 | 0.11 |
| Total USD |  | 156 226.50 | 0.11 |
| Total Notes, fester Zins |  | 156 226.50 | 0.11 |
| Total Neuemittierte Wertpapiere und Geldmarktinstrumente |  | 156 226.50 | 0.11 |
| Total des Wertpapierbestandes |  | 133 060 226.82 | 93.71 |

| Derivative Instrumente |  |
| --- | --- |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |
| Finanzterminkontrakte auf Anleihen |
|  |  |  |  |
| EUR	EURO BTP ITALY GOVERMENT FUTURE 06.12.19 | -25.00 | 119 632.10 | 0.08 |
| EUR	EURO-BUND FUTURE 06.12.19 | -39.00 | 197 806.44 | 0.14 |
| EUR	EURO-BUXL FUTURE 06.12.19 | -35.00 | 397 280.45 | 0.28 |
| EUR	EURO-OAT FUTURE 06.12.19 | 30.00 | -133 304.34 | -0.09 |
| GBP	LONG GILT FUTURE 27.03.20 | 44.00 | -42 116.36 | -0.03 |
| JPY	JAPAN GOVERNMENT 10Y BOND (OSE) FUTURE 13.12.19 | 13.00 | -102 401.61 | -0.07 |
| USD	US 10YR ULTRA NOTE FUTURE 20.03.20 | -80.00 | 18 750.00 | 0.01 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 20.03.20 | 34.00 | 2 921.86 | 0.00 |
| USD	US 2YR TREASURY NOTE FUTURE 31.03.20 | 20.00 | 0.00 | 0.00 |
| USD	US 10YR TREASURY NOTE FUTURE 20.03.20 | -76.00 | 12 468.79 | 0.01 |
| Total Finanzterminkontrakte auf Anleihen |  | 471 037.33 | 0.33 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | 471 037.33 | 0.33 |

Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Swaps und Forward-Swaps auf Zinssätze
| JPY JPY | LCH/INTEREST RATE SWAP PAYER 0.87875% 17-08.08.47 LCH/INTEREST RATE SWAP REC 6ML 17-08.08.47 | -130 000 000.00 | -172 215.49 | -0.12 |
| --- | --- | --- | --- | --- |
| USD | LCH/INTEREST RATE SWAP PAYER 2.24100% 17-08.08.27 | -3 500 000.00 | -173 832.20 | -0.12 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 17-08.08.27 |  |  |  |
| SEK | LCH/INTEREST RATE SWAP PAYER 1.20750% 17-25.08.27 | -27 000 000.00 | -170 518.62 | -0.12 |
| SEK | LCH/INTEREST RATE SWAP REC 3MS 17-25.08.27 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 1.89660% 17-20.09.22 | -3 400 000.00 | -26 287.20 | -0.02 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 17-20.09.22 |  |  |  |
| SEK | LCH/INTEREST RATE SWAP PAYER 0.47200% 17-16.10.22 | -25 000 000.00 | -20 154.22 | -0.01 |
| SEK | LCH/INTEREST RATE SWAP REC 3MS 17-16.10.22 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.53500% 17-17.10.47 | -1 000 000.00 | -170 852.16 | -0.12 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 17-17.10.47 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.48350% 17-12.12.47 | -500 000.00 | -78 833.84 | -0.06 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 17-12.12.47 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.71700% 18-21.02.48 | -600 000.00 | -141 175.58 | -0.10 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 18-21.02.48 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.91625% 18-27.02.48 | -75 000 000.00 | -107 263.32 | -0.08 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 18-27.02.48 |  |  |  |
| SEK | LCH/INTEREST RATE SWAP PAYER 0.49750% 18-10.04.23 | -40 000 000.00 | -49 284.25 | -0.03 |
| SEK | LCH/INTEREST RATE SWAP REC 3MS 18-10.04.23 |  |  |  |
| SEK | LCH/INTEREST RATE SWAP PAYER 0.52100% 18-02.05.23 | -35 000 000.00 | -44 946.77 | -0.03 |
| SEK | LCH/INTEREST RATE SWAP REC 3MS 18-02.05.23 |  |  |  |
| SEK | LCH/INTEREST RATE SWAP PAYER 0.52500% 18-07.05.23 | -50 000 000.00 | -64 416.55 | -0.05 |
| SEK | LCH/INTEREST RATE SWAP REC 3MS 18-07.05.23 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.71375% 18-27.12.48 | -340 000 000.00 | -317 069.97 | -0.22 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 18-27.12.48 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 1.47203% 19-14.02.49 | -1 800 000.00 | -285 725.22 | -0.20 |
| GBP | LCH/INTEREST RATE SWAP REC 6ML 19-14.02.49 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.68000% 19-05.03.49 | -190 000 000.00 | -158 606.10 | -0.11 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 19-05.03.49 |  |  |  |
| CHF | LCH/INTEREST RATE SWAP PAYER -0.49000% 19-09.04.23 | -4 000 000.00 | -12 386.89 | -0.01 |
| CHF | LCH/INTEREST RATE SWAP REC 6ML 19-09.04.23 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.54275% 19-10.04.49 | -85 000 000.00 | -39 886.53 | -0.03 |
| JPY | LCH/INTEREST RATE SWAP REC 6ML 19-10.04.49 |  |  |  |
| CHF | LCH/INTEREST RATE SWAP PAYER -0.39500% 19-11.04.24 | -2 800 000.00 | -22 015.45 | -0.02 |
| CHF | LCH/INTEREST RATE SWAP REC 6ML 19-11.04.24 |  |  |  |

UBS (Lux) Bond SICAV – Global Inflation-linked (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) |  |
|  |  |  |  |  |
| CHF | LCH/INTEREST RATE SWAP PAYER -0.36000% 19-23.04.24 | -4 000 000.00 | -37 569.14 | -0.03 |
| CHF | LCH/INTEREST RATE SWAP REC 6ML 19-23.04.24 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.58300% 24-23.09.29 | -13 000 000.00 | 66 098.76 | 0.05 |
| NZD | LCH/INTEREST RATE SWAP REC 3MF 24-23.09.29 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.20750% 19-27.09.29 | -7 100 000.00 | 112 535.74 | 0.08 |
| NZD | LCH/INTEREST RATE SWAP REC 3MF 19-27.09.29 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.67500% 24-30.10.29 | -15 000 000.00 | 41 066.50 | 0.03 |
| NZD | LCH/INTEREST RATE SWAP REC 3MF 24-30.10.29 |  |  |  |
| INR | CITI/INTEREST RATE SWAP PAYER 4.98000% 19-29.11.24 | -350 000 000.00 | 1 083.67 | 0.00 |
| INR | CITI/INTEREST RATE SWAP REC 6MFMBCMP 19-29.11.24 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE REC 3.74500% 17-14.08.22 | 70 000 000.00 | 258 167.23 | 0.18 |
| CNY | JPMORGAN/INTEREST RATE PAYER CNRR007 17-14.08.22 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 7.84500% 18-20.04.28 | 50 000 000.00 | 168 030.28 | 0.12 |
| MXN | CME/INTEREST RATE SWAP PAYER 18-20.04.28 |  |  |  |
| ZAR | LCH/INTEREST RATE SWAP REC 8.31500% 18-11.06.28 | 25 000 000.00 | 74 231.02 | 0.05 |
| ZAR | LCH/INTEREST RATE SWAP PAYER 3M 18-11.06.28 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 8.87500% 18-18.10.28 | 65 000 000.00 | 460 506.47 | 0.32 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 18-18.10.28 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.77500% 18-16.11.48 | 700 000.00 | 180 096.82 | 0.13 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 18-16.11.48 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 8.68750% 19-22.12.28 | 60 000 000.00 | 390 317.67 | 0.27 |
| MXN | CME/INTEREST RATE SWAP PAYER 19-22.12.28 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.48901% 19-12.02.49 | 1 900 000.00 | 312 795.83 | 0.22 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-12.02.49 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.23835% 19-14.02.26 | 3 800 000.00 | 124 459.78 | 0.09 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-14.02.26 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.95500% 19-19.03.24 | 20 000 000.00 | 9 274.67 | 0.01 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 19-19.03.24 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.08409% 19-29.03.24 | 3 500 000.00 | 53 614.50 | 0.04 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-29.03.24 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 3.08000% 19-09.04.24 | 30 000 000.00 | 35 569.51 | 0.03 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 19-09.04.24 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 3.14000% 19-10.04.24 | 20 000 000.00 | 30 913.15 | 0.02 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 19-10.04.24 |  |  |  |
| CNY | HSBC/INTEREST RATE SWAP REC 3.23500% 19-17.04.24 | 30 000 000.00 | 63 270.95 | 0.04 |
| CNY | HSBC/INTEREST RATE SWAP PAYER CNRR007 19-17.04.24 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP REC 1.18689% 19-20.06.49 | 600 000.00 | 37 032.65 | 0.03 |
| GBP | LCH/INTEREST RATE SWAP PAYER 6ML 19-20.06.49 |  |  |  |
| ZAR | LCH/INTEREST RATE SWAP REC 7.68000% 19-21.06.29 | 27 000 000.00 | -13 488.56 | -0.01 |
| ZAR | LCH/INTEREST RATE SWAP PAYER 3MJ 19-21.06.29 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.87500% 19-25.06.24 | 40 000 000.00 | -5 349.33 | 0.00 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 19-25.06.24 |  |  |  |
| ZAR | LCH/INTEREST RATE SWAP REC 7.71500% 19-08.08.29 | 30 000 000.00 | -14 527.84 | -0.01 |
| ZAR | LCH/INTEREST RATE SWAP PAYER 3MJ 19-08.08.29 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.83000% 19-30.08.24 | 45 000 000.00 | -23 413.63 | -0.02 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 19-30.08.24 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP REC 1.83100% 24-19.09.29 | 11 000 000.00 | -51 650.81 | -0.04 |
| CAD | LCH/INTEREST RATE SWAP PAYER 3MC 24-19.09.29 |  |  |  |
| CNY | CITIGROUP/INTEREST RATE SWAP REC 3.03500% 19-23.10.24 | 64 000 000.00 | 51 070.56 | 0.04 |
| CNY | CITIGROUP/INTEREST RATE SWAP PAYER CNRR007 19-23.10.24 |  |  |  |
| Total Swaps und Forward-Swaps auf Zinssätze |  | 268 666.09 | 0.19 |
| Credit-Default-Swaps* |  |  |  |
|  |  |  |  |
| USD	BOA/MEX CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -1 450 000.00 | -14 679.72 | -0.01 |
| USD	CITIBANK/BRAZIL CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -650 000.00 | 2 201.46 | 0.00 |
| USD	JPMORGAN/BRAZIL CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -650 000.00 | 2 201.46 | 0.00 |
| USD	BOA/TURKEY CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 1 450 000.00 | -119 321.89 | -0.09 |
| USD	CITIBANK/SOAF CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 650 000.00 | -19 329.74 | -0.01 |
| USD	JPMORGAN/SOAF CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 650 000.00 | -19 329.74 | -0.01 |
| Total Credit-Default-Swaps |  | -168 258.17 | -0.12 |
| Total Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden |  | 100 407.92 | 0.07 |
| Total Derivative Instrumente |  | 571 445.25 | 0.40 |
| Devisenterminkontrakte |  |  |  |
| Devisenterminkontrakte (Kauf/Verkauf) |  |  |  |

| USD | 700 345.24 | INR | 49 700 000.00 | 5.12.2019 | 7 490.91 | 0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 694 525.21 | CLP | 501 600 000.00 | 5.12.2019 | 72 746.10 | 0.05 |
| COP | 2 424 450 000.00 | USD | 716 339.19 | 5.12.2019 | -28 570.91 | -0.02 |
| USD | 750 810.35 | TWD | 22 700 000.00 | 5.12.2019 | 6 731.02 | 0.00 |
| MYR | 2 858 000.00 | USD | 683 895.67 | 5.12.2019 | -204.50 | 0.00 |
| KRW | 804 000 000.00 | USD | 689 649.26 | 5.12.2019 | -8 927.96 | -0.01 |
| USD | 2 103 174.60 | CNY | 14 840 000.00 | 5.12.2019 | -8 401.72 | -0.01 |
| USD | 785 567.37 | BRL | 3 170 000.00 | 5.12.2019 | 36 007.77 | 0.03 |
| USD | 715 747.06 | COP | 2 424 450 000.00 | 5.12.2019 | 27 978.78 | 0.02 |
| CLP | 501 600 000.00 | USD | 679 196.23 | 5.12.2019 | -57 417.12 | -0.04 |
| ARS | 29 934 007.00 | USD | 464 093.13 | 5.12.2019 | 30 073.89 | 0.02 |
| USD | 7 476 411.99 | JPY | 806 500 000.00 | 5.12.2019 | 110 528.23 | 0.08 |
| USD | 19 959 187.70 | NZD | 30 945 000.00 | 5.12.2019 | 94 431.83 | 0.07 |
| USD | 1 054 412.83 | ZAR | 15 630 000.00 | 5.12.2019 | -11 744.88 | -0.01 |
| USD | 1 229 070.10 | GBP | 950 000.00 | 5.12.2019 | 131.11 | 0.00 |
| USD | 2 490 208.35 | CAD | 3 275 000.00 | 5.12.2019 | 24 558.06 | 0.02 |
| HUF | 644 350 000.00 | USD | 2 197 013.48 | 5.12.2019 | -71 765.91 | -0.05 |
| NOK | 52 430 000.00 | USD | 5 775 431.23 | 5.12.2019 | -82 367.51 | -0.06 |
| PLN | 5 710 000.00 | USD | 1 498 653.84 | 5.12.2019 | -38 695.31 | -0.03 |
| SEK | 30 850 000.00 | USD | 3 234 858.37 | 5.12.2019 | -11 372.58 | -0.01 |
| USD | 42 158 413.33 | EUR | 37 690 000.00 | 5.12.2019 | 592 564.07 | 0.42 |
| AUD | 2 740 000.00 | USD | 1 895 759.42 | 5.12.2019 | -42 252.19 | -0.03 |
| USD | 702 982.46 | THB | 21 230 000.00 | 6.12.2019 | 365.27 | 0.00 |
| EUR | 57 704 100.00 | USD | 64 545 324.98 | 5.12.2019 | -907 226.74 | -0.64 |

* Nominal positiv: der Subfonds ist «Receiver», Nominal negativ: der Subfonds ist «Payer».
UBS (Lux) Bond SICAV – Global Inflation-linked (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) |  |

Devisenterminkontrakte (Fortsetzung)
Devisenterminkontrakte (Kauf/Verkauf)
| CHF | 48 862 000.00 | USD | 49 564 990.17 | 5.12.2019 | -659 953.74 | -0.47 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 6 206 425.38 | MXN | 118 880 000.00 | 5.12.2019 | 114 654.24 | 0.08 |
| USD | 242 311.94 | NZD | 380 000.00 | 5.12.2019 | -1 624.31 | 0.00 |
| NZD | 1 129 266.32 | AUD | 1 040 000.00 | 5.12.2019 | 21 395.42 | 0.02 |
| EUR | 1 340 000.00 | PLN | 5 718 196.74 | 5.12.2019 | 15 744.68 | 0.01 |
| USD | 91 885.33 | JPY | 10 000 000.00 | 5.12.2019 | 553.85 | 0.00 |
| CLP | 533 544 000.00 | USD | 705 000.00 | 5.12.2019 | -43 623.38 | -0.03 |
| INR | 49 700 000.00 | USD | 688 556.39 | 5.12.2019 | 4 297.94 | 0.00 |
| USD | 91 987.60 | JPY | 10 000 000.00 | 5.12.2019 | 656.12 | 0.00 |
| MXN | 5 410 000.00 | USD | 277 169.40 | 5.12.2019 | 55.38 | 0.00 |
| COP | 2 405 900 000.00 | USD | 700 000.00 | 5.12.2019 | -17 493.98 | -0.01 |
| AUD | 1 025 000.00 | NZD | 1 090 231.00 | 5.12.2019 | -6 485.72 | 0.00 |
| GBP | 145 000.00 | USD | 186 428.24 | 5.12.2019 | 1 146.66 | 0.00 |
| NOK | 1 700 000.00 | USD | 185 132.17 | 5.12.2019 | -539.22 | 0.00 |
| NZD | 1 111 576.95 | AUD | 1 045 000.00 | 5.12.2019 | 6 659.00 | 0.00 |
| USD | 710 000.00 | THB | 21 463 584.00 | 6.12.2019 | -347.77 | 0.00 |
| INR | 50 765 000.00 | USD | 710 000.00 | 5.12.2019 | -2 298.79 | 0.00 |
| BRL | 970 000.00 | USD | 227 646.09 | 5.12.2019 | 1 714.42 | 0.00 |
| AUD | 1 045 000.00 | NZD | 1 101 137.40 | 5.12.2019 | 41.92 | 0.00 |
| USD | 745 729.30 | TWD | 22 700 000.00 | 7.1.2020 | 51.37 | 0.00 |
| TWD | 22 700 000.00 | USD | 744 262.30 | 5.12.2019 | -182.97 | 0.00 |
| USD | 708 909.37 | INR | 50 765 000.00 | 5.12.2019 | 1 208.16 | 0.00 |
| USD | 684 878.98 | MYR | 2 858 000.00 | 5.12.2019 | 1 187.81 | 0.00 |
| INR | 50 770 000.00 | USD | 706 807.74 | 7.1.2020 | -997.50 | 0.00 |
| MYR | 2 858 000.00 | USD | 684 550.90 | 7.1.2020 | -1 567.29 | 0.00 |
| USD | 681 431.01 | KRW | 804 000 000.00 | 5.12.2019 | 709.71 | 0.00 |
| KRW | 804 000 000.00 | USD | 681 933.84 | 7.1.2020 | -654.45 | 0.00 |
| CNY | 14 840 000.00 | USD | 2 111 704.02 | 5.12.2019 | -127.70 | 0.00 |
| USD | 2 110 502.74 | CNY | 14 840 000.00 | 7.1.2020 | 312.70 | 0.00 |
| CLP | 533 600 000.00 | USD | 658 115.44 | 7.1.2020 | 4 602.94 | 0.00 |
| USD | 656 992.98 | CLP | 533 544 000.00 | 5.12.2019 | -4 383.64 | 0.00 |
| COP | 2 405 900 000.00 | USD | 683 844.01 | 7.1.2020 | -2 624.47 | 0.00 |
| USD | 519 382.41 | BRL | 2 200 000.00 | 7.1.2020 | 5.74 | 0.00 |
| BRL | 2 200 000.00 | USD | 520 094.56 | 5.12.2019 | 104.53 | 0.00 |
| USD | 685 051.25 | COP | 2 405 900 000.00 | 5.12.2019 | 2 545.23 | 0.00 |
| USD | 493 960.51 | ARS | 29 934 007.00 | 5.12.2019 | -206.51 | 0.00 |
| ARS | 29 934 007.00 | USD | 458 407.46 | 7.1.2020 | -31 984.57 | -0.02 |
| Total Devisenterminkontrakte (Kauf/Verkauf) | -862 788.48 | -0.61 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 10 100 922.14 | 7.11 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -2 791 424.33 | -1.97 |
| Andere Aktiva und Passiva | 1 912 642.34 | 1.36 |
| Total des Nettovermögens | 141 991 023.74 | 100.00 |

UBS (Lux) Bond SICAV – Global Inflation-linked (USD) Halbjahresbericht per 30. November 2019