# Portfolio management representatives
Roland Kramer Sebastian Richner Stephen Friel
1 ¦ 2
| 5 largest equity positions (%) |  |  | Asset allocation (%) 1 |  |
| --- | --- | --- | --- | --- |
|  | Fund |  | LIQUIDITY | 3.00 |
| Apple Inc | 1.26 |  | Cash | 3.00 |
| Microsoft Corp | 1.07 |  |  |  |
| Amazon.com Inc | 0.79 |  | BONDS | 42.00 |
| Johnson & Johnson | 0.60 |  | High grade bonds 2 | 0.30 |
| Procter & Gamble Co/The | 0.48 |  | Corporate bonds 2 | 0.30 |
| 5 largest bond issuers (%) |  |  | High yield bonds 2 | 12.05 |

|  | Fund |
| --- | --- |
| VEDANTA RESOURCES LTD 6.125% 08/09/2024 | 0.27 |
| ISLAMIC REP OF PAKISTAN 7.375% 04/08/2031 | 0.24 |
| SOFTBANK GROUP CORP 4% 07/06/2026 | 0.19 |
| GREENKO DUTCH BV 3.85% 03/29/2026 | 0.15 |
| SHRIRAM TRANSPORT FIN 4.4% 03/13/2024 | 0.15 |

| Emerging markets and Asian (ex-Japan) bonds 2 | 19.35 |
| --- | --- |
| Third party flexible multi-sector bond funds | 10.00 |
|  |  |
| EQUITIES | 55.00 |
| US Equities | 20.93 |
| EM | 6.50 |
| Eurozone | 6.98 |
| Canada | 0.00 |
| UK | 1.94 |
| Japan | 2.71 |
| Switzerland | 0.00 |
| Pacific (ex-Japan) | 1.94 |
| Global High Divident Equities | 10.00 |
| REITs | 4.00 |
| TOTAL | 100.00 |

1 
All the figures in above table are target weights. The Portfolio Manager rebalances the portfolio back to the target weights each month end (leaving a flexibilty of up to +/-1% deviation from target). The effective weights therefore are very close to the target weights.
1 
These figures exclude exposures in third party flexible multi-sector bond funds as UBS has no timely and precise look-through into their holdings. Third party flexible multi-sector bond funds are listed in a separate category in above table.

Translation (ENFR, 2021-09-30):
# Représentants de la gestion du portefeuille
Roland Kramer Sebastian Richner Stephen Friel
1 ¦ 2
| 5 principales positions en actions (%) |  |  | Asset allocation (%) 1 |  |
| --- | --- | --- | --- | --- |
|  | Fonds |  | LIQUIDITÉ | 3.00 |
| Apple Inc | 1.26 |  | Encaisse | 3.00 |
| Microsoft Corp | 1.07 |  |  |  |
| Amazon.com Inc | 0.79 |  | OBLIGATIONS | 42.00 |
| Johnson & Johnson | 0.60 |  | Obligations de haute qualité 2 | 0.30 |
| Procter & Gamble Co/The | 0.48 |  | Emprunts d'entreprises 2 | 0.30 |
| 5 principaux émetteurs obligataires (%) |  |  | Obligations à haut rendement 2 | 12.05 |

|  | Fonds |
| --- | --- |
| VEDANTA RESOURCES LTD 6.125% 08/09/2024 | 0.27 |
| ISLAMIC REP OF PAKISTAN 7.375% 04/08/2031 | 0.24 |
| SOFTBANK GROUP CORP 4% 07/06/2026 | 0.19 |
| GREENKO DUTCH BV 3.85% 03/29/2026 | 0.15 |
| SHRIRAM TRANSPORT FIN 4.4% 03/13/2024 | 0.15 |

| Emerging markets and Asian (ex-Japan) bonds 2 | 19.35 |
| --- | --- |
| Third party flexible multi-sector bond funds | 10.00 |
|  |  |
| ACTIONS | 55.00 |
| US Equities | 20.93 |
| EM | 6.50 |
| Eurozone | 6.98 |
| Canada | 0.00 |
| UK | 1.94 |
| Japon | 2.71 |
| Suisse | 0.00 |
| Pacific (ex-Japan) | 1.94 |
| Global High Divident Equities | 10.00 |
| REITs | 4.00 |
| TOTAL | 100.00 |

1 
All the figures in above table are target weights. The Portfolio Manager rebalances the portfolio back to the target weights each month end (leaving a flexibilty of up to +/-1% deviation from target). The effective weights therefore are very close to the target weights.
1 
These figures exclude exposures in third party flexible multi-sector bond funds as UBS has no timely and precise look-through into their holdings. Third party flexible multi-sector bond funds are listed in a separate category in above table.