# UBS (Lux) Bond Fund – Global Flexible
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 31.3.2023 | 31.3.2022 | 31.3.2021 |
| Net assets in CHF |  | 214 010 711.88 | 337 498 166.88 | 330 462 860.01 |
| Class (CAD hedged) F-acc | LU1467593940 |  |  |  |
| Units outstanding |  | 24 565.0000 | 25 565.0000 | 13 530.0000 |
| Net asset value per unit in CAD |  | 109.75 | 116.59 | 122.42 |
| Issue and redemption price per unit in CAD 1 |  | 109.75 | 116.59 | 122.42 |
| Class (GBP hedged) F-acc | LU1991433100 |  |  |  |
| Units outstanding |  | 30 491.8690 | 6 354.8690 | 6 465.8690 |
| Net asset value per unit in GBP |  | 96.31 | 103.27 | 108.54 |
| Issue and redemption price per unit in GBP 1 |  | 96.31 | 103.27 | 108.54 |
| Class (EUR hedged) I-A1-acc | LU0487187873 |  |  |  |
| Units outstanding |  | 100.7250 | 100.7250 | 100.0000 |
| Net asset value per unit in EUR |  | 85.37 | 92.91 | 98.39 |
| Issue and redemption price per unit in EUR 1 |  | 85.37 | 92.91 | 98.39 |
| Class (EUR hedged) I-A3-acc 2 | LU2388426038 |  |  |  |
| Units outstanding |  | 445 000.0000 | 445 000.0000 | - |
| Net asset value per unit in EUR |  | 84.87 | 92.25 | - |
| Issue and redemption price per unit in EUR 1 |  | 84.87 | 92.25 | - |
| Class I-B-acc 3 | LU0415185379 |  |  |  |
| Units outstanding |  | - | - | 50 343.6930 |
| Net asset value per unit in CHF |  | - | - | 99.11 |
| Issue and redemption price per unit in CHF 1 |  | - | - | 99.11 |
| Class (EUR hedged) I-B-acc 4 | LU2198574894 |  |  |  |
| Units outstanding |  | - | 772 402.3160 | 359 913.1470 |
| Net asset value per unit in EUR |  | - | 95.98 | 101.25 |
| Issue and redemption price per unit in EUR 1 |  | - | 95.98 | 101.25 |
| Class (EUR hedged) I-X-acc | LU0487188764 |  |  |  |
| Units outstanding |  | 7 385.4250 | 36 926.3980 | 142 271.0000 |
| Net asset value per unit in EUR |  | 98.46 | 106.63 | 112.39 |
| Issue and redemption price per unit in EUR 1 |  | 98.46 | 106.63 | 112.39 |
| Class P-acc | LU0071006638 |  |  |  |
| Units outstanding |  | 33 435.0810 | 37 955.2360 | 41 137.8240 |
| Net asset value per unit in CHF |  | 742.34 | 820.67 | 878.08 |
| Issue and redemption price per unit in CHF 1 |  | 742.34 | 820.67 | 878.08 |
| Class (CAD hedged) P-acc | LU1467572357 |  |  |  |
| Units outstanding |  | 355 256.4450 | 405 760.3080 | 465 860.9870 |
| Net asset value per unit in CAD |  | 103.70 | 111.13 | 117.71 |
| Issue and redemption price per unit in CAD 1 |  | 103.70 | 111.13 | 117.71 |
| Class (EUR hedged) P-acc | LU0487186396 |  |  |  |
| Units outstanding |  | 279 926.7350 | 298 019.3830 | 354 165.6750 |
| Net asset value per unit in EUR |  | 116.41 | 127.66 | 136.25 |
| Issue and redemption price per unit in EUR 1 |  | 116.41 | 127.66 | 136.25 |
| Class (GBP hedged) P-acc | LU1991433365 |  |  |  |
| Units outstanding |  | 108 040.4200 | 124 201.7200 | 134 171.0270 |
| Net asset value per unit in GBP |  | 93.18 | 100.80 | 106.88 |
| Issue and redemption price per unit in GBP 1 |  | 93.18 | 100.80 | 106.88 |
| Class (USD hedged) P-acc | LU2064451730 |  |  |  |
| Units outstanding |  | 341 540.3780 | 360 252.7040 | 405 403.2010 |
| Net asset value per unit in USD |  | 93.17 | 99.72 | 105.57 |
| Issue and redemption price per unit in USD 1 |  | 93.17 | 99.72 | 105.57 |
| Class P-dist | LU0071005408 |  |  |  |
| Units outstanding |  | 32 348.6040 | 37 963.3350 | 46 369.8240 |
| Net asset value per unit in CHF |  | 405.90 | 457.47 | 497.76 |
| Issue and redemption price per unit in CHF 1 |  | 405.90 | 457.47 | 497.76 |
| Class (CAD hedged) P-dist | LU1467578123 |  |  |  |
| Units outstanding |  | 102 000.1990 | 109 311.6990 | 118 959.5700 |
| Net asset value per unit in CAD |  | 94.21 | 102.82 | 110.58 |
| Issue and redemption price per unit in CAD 1 |  | 94.21 | 102.82 | 110.58 |
| Class (EUR hedged) P-dist | LU0487186123 |  |  |  |
| Units outstanding | 62 959.7970 | 65 050.2680 | 68 395.2870 |
| Net asset value per unit in EUR | 96.44 | 107.82 | 116.77 |
| Issue and redemption price per unit in EUR 1 | 96.44 | 107.82 | 116.77 |
| 1  See note 1 2  First NAV: 27.9.2021 3  For the period from 4.9.2020 to 30.4.2021 the unit class I-B-acc was in circulation 4  The unit class (EUR hedged) I-B-acc was in circulation until 15.11.2022 |  |  |  |

UBS (Lux) Bond Fund – Global Flexible
Annual report and audited financial statement as of 31 March 2023
|  | ISIN | 31.3.2023 | 31.3.2022 | 31.3.2021 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class (GBP hedged) P-dist | LU1991433795 |  |  |  |
| Units outstanding |  | 43 746.6600 | 48 988.5670 | 50 904.3160 |
| Net asset value per unit in GBP |  | 88.84 | 98.02 | 105.51 |
| Issue and redemption price per unit in GBP 1 |  | 88.84 | 98.02 | 105.51 |
| Class (USD hedged) P-dist | LU2064452977 |  |  |  |
| Units outstanding |  | 42 058.4930 | 47 284.3700 | 54 043.3930 |
| Net asset value per unit in USD |  | 89.44 | 97.62 | 105.01 |
| Issue and redemption price per unit in USD 1 |  | 89.44 | 97.62 | 105.01 |
| Class (EUR hedged) P-2%-qdist | LU1669358571 |  |  |  |
| Units outstanding |  | 5 585.9030 | 9 723.4970 | 3 745.5440 |
| Net asset value per unit in EUR |  | 85.21 | 95.32 | 103.78 |
| Issue and redemption price per unit in EUR 1 |  | 85.21 | 95.32 | 103.78 |
| Class Q-acc | LU0415184216 |  |  |  |
| Units outstanding |  | 14 583.3210 | 14 236.1880 | 18 667.2690 |
| Net asset value per unit in CHF |  | 98.73 | 108.56 | 115.53 |
| Issue and redemption price per unit in CHF 1 |  | 98.73 | 108.56 | 115.53 |
| Class (CAD hedged) Q-acc | LU1467583982 |  |  |  |
| Units outstanding |  | 34 626.3650 | 40 639.7830 | 54 928.6270 |
| Net asset value per unit in CAD |  | 107.41 | 114.49 | 120.61 |
| Issue and redemption price per unit in CAD 1 |  | 107.41 | 114.49 | 120.61 |
| Class (EUR hedged) Q-acc | LU0487187527 |  |  |  |
| Units outstanding |  | 8 144.4790 | 9 435.8360 | 96.2830 |
| Net asset value per unit in EUR |  | 87.16 | 95.06 | 100.92 |
| Issue and redemption price per unit in EUR 1 |  | 87.16 | 95.06 | 100.92 |
| Class (GBP hedged) Q-acc | LU1991433878 |  |  |  |
| Units outstanding |  | 5 983.2530 | 9 796.7250 | 12 962.0710 |
| Net asset value per unit in GBP |  | 95.09 | 102.31 | 107.89 |
| Issue and redemption price per unit in GBP 1 |  | 95.09 | 102.31 | 107.89 |
| Class (USD hedged) Q-acc | LU2064456457 |  |  |  |
| Units outstanding |  | 60 262.8530 | 65 533.8580 | 73 029.0250 |
| Net asset value per unit in USD |  | 94.87 | 101.00 | 106.34 |
| Issue and redemption price per unit in USD 1 |  | 94.87 | 101.00 | 106.34 |
| Class Q-dist | LU0415184133 |  |  |  |
| Units outstanding |  | 24 725.9610 | 22 807.9040 | 24 962.8270 |
| Net asset value per unit in CHF |  | 85.32 | 96.42 | 104.88 |
| Issue and redemption price per unit in CHF 1 |  | 85.32 | 96.42 | 104.88 |
| Class (CAD hedged) Q-dist | LU1467589328 |  |  |  |
| Units outstanding |  | 8 609.0770 | 8 345.8760 | 12 775.5580 |
| Net asset value per unit in CAD |  | 94.18 | 102.64 | 111.41 |
| Issue and redemption price per unit in CAD 1 |  | 94.18 | 102.64 | 111.41 |
| Class (GBP hedged) Q-dist | LU1991433951 |  |  |  |
| Units outstanding |  | 4 222.4040 | 3 569.6890 | 3 569.6890 |
| Net asset value per unit in GBP |  | 89.95 | 98.57 | 106.07 |
| Issue and redemption price per unit in GBP 1 |  | 89.95 | 98.57 | 106.07 |
| Class (USD hedged) Q-dist | LU2064456614 |  |  |  |
| Units outstanding |  | 7 805.5000 | 7 515.7770 | 9 200.7770 |
| Net asset value per unit in USD |  | 89.50 | 97.70 | 105.58 |
| Issue and redemption price per unit in USD 1 |  | 89.50 | 97.70 | 105.58 |
| 1  See note 1 |  |  |  |  |

UBS (Lux) Bond Fund – Global Flexible Annual report and audited financial statement as of 31 March 2023
| Performance |  |
| --- | --- |
|  | Currency | 2022/2023 | 2021/2022 | 2020/2021 |
| Class (CAD hedged) F-acc | CAD | -5.9% | -4.8% | 10.6% |
| Class (GBP hedged) F-acc | GBP | -6.7% | -4.9% | 10.5% |
| Class (EUR hedged) I-A1-acc | EUR | -8.1% | -5.6% | - |
| Class (EUR hedged) I-A3-acc | EUR | -8.0% | - | - |
| Class I-B-acc 1 | CHF | - | - | - |
| Class (EUR hedged) I-B-acc 2 | EUR | - | -5.2% | - |
| Class (EUR hedged) I-X-acc | EUR | -7.7% | -5.1% | 9.2% |
| Class P-acc | CHF | -9.5% | -6.5% | 8.7% |
| Class (CAD hedged) P-acc | CAD | -6.7% | -5.6% | 9.6% |
| Class (EUR hedged) P-acc | EUR | -8.8% | -6.3% | 8.9% |
| Class (GBP hedged) P-acc | GBP | -7.6% | -5.7% | 9.5% |
| Class (USD hedged) P-acc | USD | -6.6% | -5.5% | 10.0% |
| Class P-dist | CHF | -9.5% | -6.5% | 8.7% |
| Class (CAD hedged) P-dist | CAD | -6.7% | -5.6% | 9.6% |
| Class (EUR hedged) P-dist | EUR | -8.8% | -6.3% | 8.9% |
| Class (GBP hedged) P-dist | GBP | -7.6% | -5.7% | 9.5% |
| Class (USD hedged) P-dist | USD | -6.6% | -5.5% | 10.0% |
| Class (EUR hedged) P-2%-qdist | EUR | -8.8% | -6.3% | 8.9% |
| Class Q-acc | CHF | -9.1% | -6.0% | 9.3% |
| Class (CAD hedged) Q-acc | CAD | -6.2% | -5.1% | 10.2% |
| Class (EUR hedged) Q-acc | EUR | -8.3% | -5.8% | - |
| Class (GBP hedged) Q-acc | GBP | -7.1% | -5.2% | 10.1% |
| Class (USD hedged) Q-acc | USD | -6.1% | -5.0% | 10.6% |
| Class Q-dist | CHF | -9.1% | -6.0% | 9.3% |
| Class (CAD hedged) Q-dist | CAD | -6.2% | -5.1% | 10.2% |
| Class (GBP hedged) Q-dist | GBP | -7.1% | -5.2% | 10.1% |
| Class (USD hedged) Q-dist | USD | -6.1% | -5.0% | 10.6% |
| Benchmark: 3 Bloomberg Barclays Global Aggregate TR (CAD hedged) | CAD | -4.3% | -3.9% | 1.3% |
| Bloomberg Barclays Global Aggregate TR (CHF hedged) | CHF | -7.3% | -5.0% | 0.2% |
| Bloomberg Barclays Global Aggregate TR (EUR hedged) | EUR | -6.5% | -4.8% | 0.5% |
| Bloomberg Barclays Global Aggregate TR (GBP hedged) | GBP | -5.1% | -4.1% | 1.1% |
| Bloomberg Barclays Global Aggregate TR (USD hedged) | USD | -3.9% | -3.9% | 1.5% |
| Historical performance is no indicator of current or future performance. |  |  |  |  |

The performance data does not take account of any commissions and costs charged when subscribing and redeeming units. The performance data were not audited.
1 
For the period from 4.9.2020 to 30.4.2021 the unit class I-B-acc was in circulation. Due to this fact, there is no data for the calculation of the performance available.
2 
The unit class (EUR hedged) I-B-acc was in circulation until 15.11.2022. Due to this fact, there is no data for the calculation of the performance available.
3 
The subfund is actively managed. The index is a point of reference against which the performance of the subfund may be measured.
UBS (Lux) Bond Fund – Global Flexible
Annual report and audited financial statement as of 31 March 2023

#### Report of the Portfolio Manager
The Global fixed income market posted a deeply negative performance over the financial year from 1 April 2022 to 31 March 2023. During the period, developed mar- ket government bond yields rose significantly driven by hawkish central banks changing policy rates at a previ- ously unforeseen pace and to levels not seen since the Financial Crisis. In the US, UK and Eurozone headline CPI rose to levels also not seen in decades driven initially by the unleashing of pent-up demand and fiscal stimulus but later exacerbated by high commodity prices due to the ongoing Russian invasion of Ukraine. The US Fed raised its policy rate from 0.50% to 5.00% at the end of the reporting period. In Corporate credit, spreads wid- ened driven by tightening financial conditions and reces- sion concerns brought on by tighter monetary policy.
The subfund posted a negative performance in the financial year given the underlying market movements as described. All factors including duration, spread and cur- rency contributed negatively to absolute performance.

#### Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
United States	33.17
| New Zealand | 8.98 |
| --- | --- |
| Japan | 4.44 |
| Luxembourg | 4.25 |
| United Kingdom | 3.87 |
| France | 3.68 |
| The Netherlands | 3.32 |
| China | 2.93 |
| Italy | 2.63 |
| Australia | 2.35 |
| Brazil | 2.32 |
| Slovenia | 1.84 |
| Spain | 1.75 |
| Germany | 1.74 |
| Switzerland | 1.22 |
| Canada | 1.14 |
| Mexico | 0.98 |
| Austria | 0.90 |
| Romania | 0.70 |
| Cayman Islands | 0.65 |
| Turkey | 0.50 |
| Qatar | 0.41 |
| Sweden | 0.41 |
| Saudi Arabia | 0.39 |
| India | 0.34 |
| South Korea | 0.33 |
| Chile | 0.32 |
| Slovakia | 0.32 |
| Norway | 0.31 |
| Kazakhstan | 0.26 |
| Poland | 0.24 |
| Portugal | 0.22 |
| Egypt | 0.22 |
| Colombia | 0.21 |
| Finland | 0.20 |
| Mongolia | 0.20 |
| Peru | 0.20 |
| Argentina | 0.18 |
| Bermuda | 0.17 |
| Belgium | 0.13 |
| Russian Federation (CIS) | 0.11 |
| Czech Republic | 0.10 |
| Ireland | 0.10 |
| Ecuador | 0.10 |
| Thailand | 0.08 |
| Indonesia | 0.07 |
| Denmark | 0.05 |
| Jersey | 0.05 |
| Total | 89.08 |

Economic Breakdown as a % of net assets	
| Countries & central governments | 33.02 |
| --- | --- |
| Mortgage & funding institutions | 17.96 |
| Banks & credit institutions | 11.06 |
| Finance & holding companies | 6.37 |
| Energy & water supply | 2.55 |
| Investment funds | 2.54 |
| Telecommunications | 1.70 |
| Petroleum | 1.62 |
| Traffic & transportation | 1.59 |
| Insurance | 1.40 |
| Internet, software & IT services | 1.08 |
| Miscellaneous unclassified companies | 1.06 |
| Supranational organisations | 1.05 |
| Chemicals | 1.01 |
| Real Estate | 0.86 |
| Miscellaneous services | 0.50 |
| Retail trade, department stores | 0.49 |
| Pharmaceuticals, cosmetics & medical products | 0.48 |
| Healthcare & social services | 0.47 |
| Tobacco & alcohol | 0.46 |
| Computer hardware & network equipment providers | 0.32 |
| Building industry & materials | 0.32 |
| Electrical devices & components | 0.30 |
| Mining, coal & steel | 0.29 |
| Mechanical engineering & industrial equipment | 0.17 |
| Electronics & semiconductors | 0.14 |
| Vehicles | 0.12 |
| Graphic design, publishing & media | 0.08 |
| Packaging industry | 0.07 |
| Total | 89.08 |

UBS (Lux) Bond Fund – Global Flexible Annual report and audited financial statement as of 31 March 2023

#### Statement of Net Assets
Assets	31.3.2023
CHF
Investments in securities, cost	238 193 091.16
Investments in securities, unrealized appreciation (depreciation)	47 542 745.59
Total investments in securities (Note 1)	190 650 345.57
Cash at banks, deposits on demand and deposit accounts	15 572 077.68 *
Other liquid assets (Margins)	8 194 434.93
Receivable on securities sales (Note 1)	924 539.10
Receivable on subscriptions	27 210.69
Interest receivable on securities	1 718 550.83
Prepaid expenses	77 183.81
Unrealized gain on TBA Mortgage Backed Securities (Note 1)	17 256.06
Unrealized gain on forward foreign exchange contracts (Note 1)	1 552 302.29
Unrealized loss on Swaps (Note 1)	-383 306.84
Unrealized loss on financial futures (Note 1)	-174 513.27
Bank overdraft	-2 303 427.38
Payable on securities purchases (Note 1)	-1 488 859.33
Payable on redemptions	-96 639.29
Provisions for flat fee (Note 2)	-176 675.96
Provisions for taxe d’abonnement (Note 3)	-21 847.77
Provisions for other commissions and fees (Note 2)		-77 919.24		 Total provisions			-276 442.97
Net assets at the end of the financial year	214 010 711.88

#### Statement of Operations
Income	1.4.2022-31.3.2023
CHF
Interest on liquid assets	353 250.09
Interest on securities	7 870 813.76
Dividends	286 767.78
Interest received on swaps (Note 1)	8 876 192.64
Net income on securities lending (Note 14)	102 374.64
Total income	17 629 918.25
Expenses
Other income	140 519.34
Interest paid on swaps (Note 1)	-9 489 069.83
Flat fee (Note 2)	-2 313 650.23
Taxe d’abonnement (Note 3)	-94 857.26
Other commissions and fees (Note 2)	-80 469.77
Total expenses	-12 120 645.70
Net income (loss) on investments	5 509 272.55
Realized gain (loss) (Note 1)
Interest on cash and bank overdraft	-142 598.61
Realized gain (loss) on market-priced securities without options	-27 382 439.86
Realized gain (loss) on options	77 951.23
Realized gain (loss) on yield-evaluated securities and money market instruments	-5 753.45
Realized gain (loss) on financial futures	-4 874.41
Realized gain (loss) on forward foreign exchange contracts	-15 933 449.77
Realized gain (loss) on swaps	3 968 338.93
Total realized gain (loss)	-31 091 771.70
Net realized gain (loss) of the financial year	-25 582 499.15
Changes in unrealized appreciation (depreciation) (Note 1)
Realized gain (loss) on foreign exchange	8 188 455.63
Unrealized appreciation (depreciation) on market-priced securities without options	-9 430 967.32
Unrealized appreciation (depreciation) on options	-61 718.13
Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments	12 257.41
Unrealized appreciation (depreciation) on TBA Mortgage Backed Securities	211 586.95
Unrealized appreciation (depreciation) on financial futures	416 732.56
Unrealized appreciation (depreciation) on forward foreign exchange contracts	1 300 047.62
Total changes in unrealized appreciation (depreciation)	-10 589 902.17
Net increase (decrease) in net assets as a result of operations	-36 172 401.32
Unrealized appreciation (depreciation) on swaps	-3 037 841.26
* As at 31 March 2023, cash amounts serve as collateral for the counterparty Bank of America for an amount of CHF 27 954.63 and JP Morgan for an amount of CHF 392 455.14.
UBS (Lux) Bond Fund – Global Flexible
Annual report and audited financial statement as of 31 March 2023
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | CHF |
|  | 1.4.2022-31.3.2023 |
| Net assets at the beginning of the financial year | 337 498 166.88 |
| Subscriptions | 33 751 750.17 |
| Redemptions | 	-120 181 903.35	 |
| Total net subscriptions (redemptions) | -86 430 153.18 |
| Dividend paid | -884 900.50 |
| Net income (loss) on investments | 5 509 272.55 |
| Total realized gain (loss) | -31 091 771.70 |
| Total changes in unrealized appreciation (depreciation) | 	-10 589 902.17	 |
| Net increase (decrease) in net assets as a result of operations | -36 172 401.32 |
| Net assets at the end of the financial year | 214 010 711.88 |
| Development of the outstanding units |  |
|  | 1.4.2022-31.3.2023 |
| Class | (CAD hedged) F-acc |
| Number of units outstanding at the beginning of the financial year | 25 565.0000 |
| Number of units issued | 410.0000 |
| Number of units redeemed | -1 410.0000 |
| Number of units outstanding at the end of the financial year | 24 565.0000 |
| Class | (GBP hedged) F-acc |
| Number of units outstanding at the beginning of the financial year | 6 354.8690 |
| Number of units issued | 49 932.0000 |
| Number of units redeemed | -25 795.0000 |
| Number of units outstanding at the end of the financial year | 30 491.8690 |
| Class | (EUR hedged) I-A1-acc |
| Number of units outstanding at the beginning of the financial year | 100.7250 |
| Number of units issued | 0.0000 |
| Number of units redeemed | 0.0000 |
| Number of units outstanding at the end of the financial year | 100.7250 |
| Class | (EUR hedged) I-A3-acc |
| Number of units outstanding at the beginning of the financial year | 445 000.0000 |
| Number of units issued | 248 965.6860 |
| Number of units redeemed | -248 965.6860 |
| Number of units outstanding at the end of the financial year | 445 000.0000 |
| Class | (EUR hedged) I-B-acc |
| Number of units outstanding at the beginning of the financial year | 772 402.3160 |
| Number of units issued | 0.0000 |
| Number of units redeemed | -772 402.3160 |
| Number of units outstanding at the end of the financial year | 0.0000 |
| Class | (EUR hedged) I-X-acc |
| Number of units outstanding at the beginning of the financial year | 36 926.3980 |
| Number of units issued | 0.0000 |
| Number of units redeemed | -29 540.9730 |
| Number of units outstanding at the end of the financial year | 7 385.4250 |
| Class | P-acc |
| Number of units outstanding at the beginning of the financial year | 37 955.2360 |
| Number of units issued | 811.7390 |
| Number of units redeemed | -5 331.8940 |
| Number of units outstanding at the end of the financial year | 33 435.0810 |
| Class | (CAD hedged) P-acc |
| Number of units outstanding at the beginning of the financial year | 405 760.3080 |
| Number of units issued | 583.6780 |
| Number of units redeemed | -51 087.5410 |
| Number of units outstanding at the end of the financial year | 355 256.4450 |
| Class | (EUR hedged) P-acc |
| Number of units outstanding at the beginning of the financial year | 298 019.3830 |
| Number of units issued | 34 826.7840 |
| Number of units redeemed | -52 919.4320 |
| Number of units outstanding at the end of the financial year | 279 926.7350 |
| Class | (GBP hedged) P-acc |
| Number of units outstanding at the beginning of the financial year | 124 201.7200 |
| Number of units issued | 2 264.1280 |
| Number of units redeemed | -18 425.4280 |
| Number of units outstanding at the end of the financial year | 108 040.4200 |
| Class | (USD hedged) P-acc |
| Number of units outstanding at the beginning of the financial year | 360 252.7040 |
| Number of units issued | 2 110.5640 |
| Number of units redeemed | -20 822.8900 |
| Number of units outstanding at the end of the financial year | 341 540.3780 |
| Class | P-dist |
| Number of units outstanding at the beginning of the financial year | 37 963.3350 |
| Number of units issued | 715.6040 |
| Number of units redeemed | -6 330.3350 |
| Number of units outstanding at the end of the financial year | 32 348.6040 |

UBS (Lux) Bond Fund – Global Flexible Annual report and audited financial statement as of 31 March 2023
| Class | (CAD hedged) P-dist |
| --- | --- |
| Number of units outstanding at the beginning of the financial year | 109 311.6990 |
| Number of units issued | 159.6770 |
| Number of units redeemed | -7 471.1770 |
| Number of units outstanding at the end of the financial year | 102 000.1990 |
| Class | (EUR hedged) P-dist |
| Number of units outstanding at the beginning of the financial year | 65 050.2680 |
| Number of units issued | 8 599.1710 |
| Number of units redeemed | -10 689.6420 |
| Number of units outstanding at the end of the financial year | 62 959.7970 |
| Class | (GBP hedged) P-dist |
| Number of units outstanding at the beginning of the financial year | 48 988.5670 |
| Number of units issued | 169.6860 |
| Number of units redeemed | -5 411.5930 |
| Number of units outstanding at the end of the financial year | 43 746.6600 |
| Class | (USD hedged) P-dist |
| Number of units outstanding at the beginning of the financial year | 47 284.3700 |
| Number of units issued | 434.5350 |
| Number of units redeemed | -5 660.4120 |
| Number of units outstanding at the end of the financial year | 42 058.4930 |
| Class | (EUR hedged) P-2%-qdist |
| Number of units outstanding at the beginning of the financial year | 9 723.4970 |
| Number of units issued | 616.4240 |
| Number of units redeemed | -4 754.0180 |
| Number of units outstanding at the end of the financial year | 5 585.9030 |
| Class | Q-acc |
| Number of units outstanding at the beginning of the financial year | 14 236.1880 |
| Number of units issued | 822.2260 |
| Number of units redeemed | -475.0930 |
| Number of units outstanding at the end of the financial year | 14 583.3210 |
| Class | (CAD hedged) Q-acc |
| Number of units outstanding at the beginning of the financial year | 40 639.7830 |
| Number of units issued | 255.0000 |
| Number of units redeemed | -6 268.4180 |
| Number of units outstanding at the end of the financial year | 34 626.3650 |
| Class | (EUR hedged) Q-acc |
| Number of units outstanding at the beginning of the financial year | 9 435.8360 |
| Number of units issued | 666.9920 |
| Number of units redeemed | -1 958.3490 |
| Number of units outstanding at the end of the financial year | 8 144.4790 |
| Class | (GBP hedged) Q-acc |
| Number of units outstanding at the beginning of the financial year | 9 796.7250 |
| Number of units issued | 375.0000 |
| Number of units redeemed | -4 188.4720 |
| Number of units outstanding at the end of the financial year | 5 983.2530 |
| Class | (USD hedged) Q-acc |
| Number of units outstanding at the beginning of the financial year | 65 533.8580 |
| Number of units issued | 1 798.6650 |
| Number of units redeemed | -7 069.6700 |
| Number of units outstanding at the end of the financial year | 60 262.8530 |
| Class | Q-dist |
| Number of units outstanding at the beginning of the financial year | 22 807.9040 |
| Number of units issued | 9 377.0000 |
| Number of units redeemed | -7 458.9430 |
| Number of units outstanding at the end of the financial year | 24 725.9610 |
| Class | (CAD hedged) Q-dist |
| Number of units outstanding at the beginning of the financial year | 8 345.8760 |
| Number of units issued | 718.1630 |
| Number of units redeemed | -454.9620 |
| Number of units outstanding at the end of the financial year | 8 609.0770 |
| Class | (GBP hedged) Q-dist |
| Number of units outstanding at the beginning of the financial year | 3 569.6890 |
| Number of units issued | 1 301.1450 |
| Number of units redeemed | -648.4300 |
| Number of units outstanding at the end of the financial year | 4 222.4040 |
| Class | (USD hedged) Q-dist |
| Number of units outstanding at the beginning of the financial year | 7 515.7770 |
| Number of units issued | 720.9660 |
| Number of units redeemed | -431.2430 |
| Number of units outstanding at the end of the financial year | 7 805.5000 |

UBS (Lux) Bond Fund – Global Flexible
Annual report and audited financial statement as of 31 March 2023
| Annual Distribution 1 |  |
| --- | --- |
| UBS (Lux) Bond Fund – Global Flexible | Ex-Date | Pay-Date | Currency | Amount per unit |
| P-dist | 1.6.2022 | 7.6.2022 | CHF | 8.44 |
| (CAD hedged) P-dist | 1.6.2022 | 7.6.2022 | CAD | 1.80 |
| (EUR hedged) P-dist | 1.6.2022 | 7.6.2022 | EUR | 1.99 |
| (GBP hedged) P-dist | 1.6.2022 | 7.6.2022 | GBP | 1.86 |
| (USD hedged) P-dist | 1.6.2022 | 7.6.2022 | USD | 1.83 |
| Q-dist | 1.6.2022 | 7.6.2022 | CHF | 2.52 |
| (CAD hedged) Q-dist | 1.6.2022 | 7.6.2022 | CAD | 2.18 |
| (GBP hedged) Q-dist | 1.6.2022 | 7.6.2022 | GBP | 1.74 |
| (USD hedged) Q-dist | 1.6.2022 | 7.6.2022 | USD | 2.34 |

| Quarterly Distribution 1 |  |
| --- | --- |
| UBS (Lux) Bond Fund – Global Flexible | Ex-Date | Pay-Date | Currency | Amount per unit |
| (EUR hedged) P-2%-qdist | 11.4.2022 | 14.4.2022 | EUR | 0.47 |
| (EUR hedged) P-2%-qdist | 11.7.2022 | 14.7.2022 | EUR | 0.44 |
| (EUR hedged) P-2%-qdist | 10.10.2022 | 13.10.2022 | EUR | 0.42 |
| (EUR hedged) P-2%-qdist | 10.1.2023 | 13.1.2023 | EUR | 0.42 |
| 1  See note 4 |  |  |  |  |

UBS (Lux) Bond Fund – Global Flexible Annual report and audited financial statement as of 31 March 2023

#### Statement of Investments in Securities and other Net Assets as of 31 March 2023
| Description | Quantity/ | Valuation in CHF | 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 | 3 500.00 | 592 052.55 | 0.28 |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 10.00000% 20-01.01.31 | 25 000.00 | 3 940 738.44 | 1.84 |
| Total BRL |  | 4 532 790.99 | 2.12 |
| CAD |  |  |  |
| CAD	AUSTRIA, REPUBLIC OF-144A 5.37500% 04-01.12.34 | 2 500 000.00 | 1 918 752.01 | 0.90 |
| Total CAD |  | 1 918 752.01 | 0.90 |
| EUR |  |  |  |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 8.00000% 19-15.05.27 | 410 000.00 | 303 144.40 | 0.14 |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 500 000.00 | 437 644.59 | 0.20 |
| EUR	BACARDI LTD-REG-S 2.75000% 13-03.07.23 | 100 000.00 | 98 758.36 | 0.05 |
| EUR	BP CAPITAL MARKETS BV-REG-S 0.93300% 20-04.12.40 | 225 000.00 | 133 000.42 | 0.06 |
| EUR	CELANESE US HOLDINGS LLC 4.77700% 22-19.07.26 | 200 000.00 | 195 061.01 | 0.09 |
| EUR	CHINA, PEOPLE’S REPUBLIC OF-REG-S 1.00000% 19-12.11.39 | 785 000.00 | 534 339.30 | 0.25 |
| EUR	GTC AURORA LUXEMBOURG SA-REG-S 2.25000% 21-23.06.26 | 520 000.00 | 405 246.05 | 0.19 |
| EUR	HEIDELBERGCEMENT AG-REG-S 3.75000% 23-31.05.32 | 730 000.00 | 677 869.12 | 0.32 |
| EUR	HOLDING D’INFRAS DES METIERS-REG-S 4.50000% 23-06.04.27 | 440 000.00 | 435 170.02 | 0.20 |
| EUR	MACIF-REG-S-SUB 0.62500% 21-21.06.27 | 400 000.00 | 336 510.86 | 0.16 |
| EUR	TRITAX EUROBOX PLC-REG-S 0.95000% 21-02.06.26 | 290 000.00 | 240 074.53 | 0.11 |
| EUR	VERISURE MIDHOLDING AB-REG-S 5.25000% 21-15.02.29 | 215 000.00 | 177 124.87 | 0.08 |
| Total EUR |  | 3 973 943.53 | 1.85 |
| GBP |  |  |  |
| GBP	BROADGATE FINANCING PLC 4.82100% 05-05.07.33 | 100 000.00 | 109 738.66 | 0.05 |
| GBP	BUPA FINANCE PLC-REG-S 1.75000% 20-14.06.27 | 250 000.00 | 243 750.34 | 0.12 |
| Total GBP |  | 353 489.00 | 0.17 |
| USD |  |  |  |
| USD	AERCAP IRELAND CAP/ GLBL AVIATION TRUST 6.50000% 20-15.07.25 | 200 000.00 | 184 030.85 | 0.09 |
| USD	ALBEMARLE CORPORATION 5.45000% 14-01.12.44 | 85 000.00 | 73 422.31 | 0.03 |
| USD	ALTRIA GROUP INC 4.80000% 19-14.02.29 | 10 000.00 | 9 062.75 | 0.00 |
| USD	AMGEN INC 5.25000% 23-02.03.30 | 90 000.00 | 84 092.62 | 0.04 |
| USD	AMGEN INC 5.25000% 23-02.03.33 | 250 000.00 | 234 645.10 | 0.11 |
| USD	AMGEN INC 5.75000% 23-02.03.63 | 165 000.00 | 156 408.63 | 0.07 |
| USD	ANHEUSER-BUSCH COS 3.65000% 19-01.02.26 | 60 000.00 | 53 799.67 | 0.03 |
| USD	APT PIPELINES LTD-REG-S 4.20000% 15-23.03.25 | 590 000.00 | 526 366.50 | 0.25 |
| USD	ARCELORMITTAL SA 6.80000% 22-29.11.32 | 400 000.00 | 383 312.38 | 0.18 |
| USD	ARGENTINA, REPUBLIC OF STEP-UP 20-09.07.35 | 552 900.00 | 130 063.71 | 0.06 |
| USD	ARGENTINA, REPUBLIC OF STEP-UP 20-09.01.38 | 140 203.00 | 39 569.48 | 0.02 |
| USD	ARGENTINA, REPUBLIC OF 1.00000% 20-09.07.29 | 32 880.00 | 8 275.34 | 0.00 |
| USD	AT&T INC 4.35000% 19-01.03.29 | 350 000.00 | 313 043.34 | 0.15 |
| USD	AT&T INC 4.75000% 15-15.05.46 | 290 000.00 | 239 264.06 | 0.11 |
| USD	BAT CAPITAL CORP 3.22200% 18-15.08.24 | 500 000.00 | 442 971.29 | 0.21 |
| USD	CELANESE US HOLDINGS LLC 6.05000% 22-15.03.25 | 450 000.00 | 413 457.09 | 0.19 |
| USD	CELANESE US HOLDINGS LLC 6.16500% 22-15.07.27 | 350 000.00 | 321 566.41 | 0.15 |
| USD	CELANESE US HOLDINGS LLC 5.90000% 22-05.07.24 | 470 000.00 | 429 530.57 | 0.20 |
| USD	CHILE, REPUBLIC OF 3.86000% 17-21.06.47 | 685 000.00 | 510 716.13 | 0.24 |
| USD	CORP NACIONAL DEL COBRE DE CHILE-REG-S 3.62500% 17-01.08.27 | 200 000.00 | 172 352.63 | 0.08 |
| USD	CVS HEALTH CORP 5.12500% 15-20.07.45 | 315 000.00 | 272 994.31 | 0.13 |
| USD	DISCOVERY COMMUNICATIONS LLC 5.30000% 19-15.05.49 | 240 000.00 | 182 836.27 | 0.09 |
| USD	ECUADOR GOVT INTERNATIONAL BD-REG-S STEP-UP/DOWN 20-31.07.35 | 331 851.00 | 100 289.94 | 0.05 |
| USD	ECUADOR, REPUBLIC OF-REG-S STEP-UP 0.50000% 20-31.07.30 | 126 630.00 | 53 525.00 | 0.02 |
| USD	ECUADOR, REPUBLIC OF-REG-S STEP-UP 20-31.07.40 | 152 090.00 | 41 534.92 | 0.02 |
| USD	ELEVANCE HEALTH INC 4.75000% 23-15.02.33 | 600 000.00 | 550 882.45 | 0.26 |
| USD	ENBRIDGE INC 5.70000% 23-08.03.33 | 90 000.00 | 85 520.11 | 0.04 |
| USD	ENERGY TRANSFER LP 6.05000% 11-01.06.41 | 350 000.00 | 322 848.38 | 0.15 |
| USD	EQT CORP 3.90000% 17-01.10.27 | 400 000.00 | 343 465.57 | 0.16 |
| USD	FISERV INC 3.20000% 19-01.07.26 | 270 000.00 | 234 117.49 | 0.11 |
| USD	FLOWSERVE CORP 3.50000% 20-01.10.30 | 450 000.00 | 355 514.55 | 0.17 |
| USD	GENERAL MOTORS CO 6.12500% 20-01.10.25 | 275 000.00 | 255 969.68 | 0.12 |
| USD	GENERAL MOTORS FINANCIAL CO 4.35000% 18-09.04.25 | 240 000.00 | 214 677.40 | 0.10 |
| USD	GEORGIA POWER CO 2.10000% 20-30.07.23 | 165 000.00 | 149 080.79 | 0.07 |
| USD	GOLDMAN SACHS GROUP INC 3.50000% 20-01.04.25 | 550 000.00 | 487 882.92 | 0.23 |
| USD	HOME DEPOT INC/THE 4.50000% 22-15.09.32 | 200 000.00 | 184 025.27 | 0.09 |
| USD	IMPERIAL BRANDS FINANCE PLC-REG-S 3.12500% 19-26.07.24 | 750 000.00 | 663 640.34 | 0.31 |
| USD	INTEL CORP 5.20000% 23-10.02.33 | 150 000.00 | 139 566.37 | 0.07 |
| USD	INTEL CORP 5.70000% 23-10.02.53 | 165 000.00 | 153 840.11 | 0.07 |
| USD	KOREA NATIONAL OIL CORP-REG-S 4.75000% 23-03.04.26 | 200 000.00 | 181 443.82 | 0.08 |
| USD	KOREA NATIONAL OIL CORP-REG-S 3.37500% 17-27.03.27 | 600 000.00 | 520 345.29 | 0.24 |
| USD	LLOYDS BANKING GROUP PLC 4.45000% 18-08.05.25 | 200 000.00 | 177 702.80 | 0.08 |
| USD	MARSH & MCLENNAN COS INC 5.45000% 23-15.03.53 | 180 000.00 | 169 347.44 | 0.08 |
| USD	MEITUAN DIANPING-REG-S 3.05000% 20-28.10.30 | 1 150 000.00 | 838 351.82 | 0.39 |
| USD	MEXICHEM SAB DE CV-REG-S 5.50000% 17-15.01.48 | 200 000.00 | 148 714.52 | 0.07 |
| USD	NISOURCE INC 5.25000% 23-30.03.28 | 30 000.00 | 27 879.02 | 0.01 |
| USD	ORACLE CORP 2.50000% 20-01.04.25 | 150 000.00 | 131 211.65 | 0.06 |
| USD	ORACLE CORP 5.55000% 23-06.02.53 | 130 000.00 | 113 065.85 | 0.05 |
| USD	ORACLE CORP 6.15000% 22-09.11.29 | 700 000.00 | 681 133.30 | 0.32 |
| USD	PEGASUS HAVA TASIMACILIGI AS-REG-S 9.25000% 21-30.04.26 | 345 000.00 | 316 021.78 | 0.15 |
| USD	PHILIP MORRIS INTERNATIONAL INC 5.62500% 22-17.11.29 | 280 000.00 | 267 270.24 | 0.12 |
| USD	QATAR, STATE OF-REG-S 5.10300% 18-23.04.48 | 950 000.00 | 880 890.59 | 0.41 |
| USD	RAKUTEN GROUP INC-REG-S 10.25000% 22-30.11.24 | 810 000.00 | 702 976.73 | 0.33 |
| USD	RELIANCE INDUSTRIES LTD-REG-S 3.62500% 22-12.01.52 | 1 155 000.00 | 718 937.18 | 0.34 |
| USD	REYNOLDS AMERICAN INC 5.70000% 15-15.08.35 | 330 000.00 | 285 016.76 | 0.13 |
| USD	SANTOS FINANCE LTD-REG-S 3.64900% 21-29.04.31 | 520 000.00 | 396 991.10 | 0.19 |
| USD	SGSP AUSTRALIA ASSETS PTY LTD-REG-S 3.25000% 16-29.07.26 | 200 000.00 | 172 088.94 | 0.08 |
| USD	SHIMAO PRPTY HLDG LTD-REG-S *DEFAULTED* 3.45000% 21-11.01.31 | 210 000.00 | 26 378.76 | 0.01 |

UBS (Lux) Bond Fund – Global Flexible
Annual report and audited financial statement as of 31 March 2023
|  | Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | SHIMAO PRPTY HLDG LTD-REG-S *DEFAULTED* 5.20000% 21-16.01.27 | 250 000.00 | 31 974.25 | 0.01 |
| USD | SUNAC CHINA HOLDINGS-REG-S *DEFAULTED* 7.00000% 20-09.07.25 | 260 000.00 | 57 086.28 | 0.03 |
| USD | TURKEY,REPUBLIC OF 9.37500% 23-19.01.33 | 805 000.00 | 748 277.38 | 0.35 |
| USD | VEB FINANCE PLC-REG-S LPN 5.94200% 13-21.11.23 | 400 000.00 | 27 501.51 | 0.01 |
| USD | VERIZON COMMUNICATIONS INC 2.10000% 21-22.03.28 | 855 000.00 | 695 807.27 | 0.32 |
| USD | VIACOMCBS INC 4.75000% 20-15.05.25 | 267 000.00 | 240 907.38 | 0.11 |
| USD | VIRGINIA ELECTRIC & POWER CO 4.00000% 16-15.11.46 | 85 000.00 | 63 418.56 | 0.03 |
| USD | VIRGINIA ELECTRIC & POWER CO 3.80000% 18-01.04.28 | 50 000.00 | 44 250.75 | 0.02 |
| USD | VISTRA OPERATIONS CO LLC-144A 5.12500% 22-13.05.25 | 435 000.00 | 387 270.83 | 0.18 |
| USD | VMWARE INC 1.00000% 21-15.08.24 | 260 000.00 | 224 162.82 | 0.10 |
| USD | WARNERMEDIA HOLDINGS INC 6.41200% 23-15.03.26 | 530 000.00 | 486 626.02 | 0.23 |
| USD | WESTPAC BANKING CORP-SUB 4.42100% 19-24.07.39 | 185 000.00 | 141 588.56 | 0.07 |
| USD | XL GROUP LTD 5.25000% 13-15.12.43 | 200 000.00 | 186 577.97 | 0.09 |
| USD | YPF SA-REG-S 6.95000% 17-21.07.27 | 160 000.00 | 106 753.80 | 0.05 |
| USD | YPF SA-REG-S 7.00000% 17-15.12.47 | 180 000.00 | 102 774.37 | 0.05 |
| Total USD |  |  | 19 818 908.07 | 9.26 |
| Total Notes, fixed rate |  | 30 597 883.60 | 14.30 |
| Notes, zero coupon |  |  |  |
| USD |  |  |  |
| USD	ECUADOR, REPUBLIC OF-REG-S 0.00000% 20-31.07.30 | 43 462.00 | 11 769.97 | 0.01 |
| Total USD |  | 11 769.97 | 0.01 |
| Total Notes, zero coupon |  | 11 769.97 | 0.01 |
| Notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	BPCE SA-REG-S-SUB 1.500%/VAR 21-13.01.42 | 400 000.00 | 336 736.42 | 0.16 |
| EUR	BRITISH AMERICAN TOBACCO PLC-REG-S -SUB 3.750%/VAR 21-PRP | 500 000.00 | 367 979.16 | 0.17 |
| EUR	CREDIT SUISSE GROUP-REG-S 2.125%/VAR 22-13.10.26 | 745 000.00 | 671 602.57 | 0.31 |
| EUR	CREDIT SUISSE GROUP-REG-S 2.875%/VAR 22-02.04.32 | 460 000.00 | 377 946.72 | 0.18 |
| EUR	ENI SPA-REG-S-SUB 3.375%/VAR 20-PRP | 110 000.00 | 90 704.35 | 0.04 |
| EUR	RAKUTEN GROUP INC-REG-S-SUB 4.250%VAR 21-PRP | 300 000.00 | 153 010.36 | 0.07 |
| EUR	VIRGIN MONEY UK PLC-REG-S 4.625%/VAR 23-29.10.28 | 535 000.00 | 505 612.31 | 0.24 |
| EUR	WINTERSHALL DEA FINANCE 2BV-REG-S-SUB 2.498%/VAR 21-PRP | 500 000.00 | 415 744.49 | 0.19 |
| EUR	WINTERSHALL DEA FINANCE 2BV-REG-S-SUB 3.000%/VAR 21-PRP | 500 000.00 | 365 994.11 | 0.17 |
| Total EUR |  | 3 285 330.49 | 1.53 |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 5.015%/VAR 22-22.07.33 | 900 000.00 | 813 091.20 | 0.38 |
| USD	DEUTSCHE BANK AG/NEW YORK NY 2.222%/VAR 20-18.09.24 | 150 000.00 | 133 250.32 | 0.06 |
| USD	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.625%/VAR 14-PRP | 150 000.00 | 132 102.85 | 0.06 |
| USD	JPMORGAN CHASE & CO-SUB 2.956%/VAR 20-13.05.31 | 385 000.00 | 304 028.00 | 0.14 |
| USD	MORGAN STANLEY 5.123%/VAR 23-01.02.29 | 475 000.00 | 437 383.51 | 0.21 |
| USD	PRUDENTIAL FUNDING PLC-REG-S-SUB 2.950%/VAR 21-03.11.33 | 975 000.00 | 737 063.56 | 0.35 |
| USD	SANTANDER HOLDINGS USA INC 6.499%/VAR 23-09.03.29 | 350 000.00 | 319 447.69 | 0.15 |
| USD	SOCIETE GENERALE SA-REG-S-SUB 9.375%/VAR 22-PRP | 500 000.00 | 432 223.34 | 0.20 |
| USD	VODAFONE GROUP PLC-SUB 3.250%/VAR 21-04.06.81 | 340 000.00 | 263 250.53 | 0.12 |
| Total USD |  | 3 571 841.00 | 1.67 |
| Total Notes, floating rate |  | 6 857 171.49 | 3.20 |
| Medium term notes, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	AURIZON NETWORK PTY LTD-REG-S 4.00000% 17-21.06.24 | 80 000.00 | 48 644.04 | 0.02 |
| Total AUD |  | 48 644.04 | 0.02 |
| CAD |  |  |  |
| CAD	NEDERLANDSE WATERSCHAPSBANK NV 5.20000% 05-31.03.25 | 2 000 000.00 | 1 384 833.39 | 0.65 |
| Total CAD |  | 1 384 833.39 | 0.65 |
| EUR |  |  |  |
| EUR	ABN AMRO BANK NV-REG-S 1.25000% 18-10.01.33 | 400 000.00 | 333 191.11 | 0.16 |
| EUR	AEROPORTI DI ROMA SPA-REG-S 1.75000% 21-30.07.31 | 295 000.00 | 234 981.32 | 0.11 |
| EUR	AKELIUS RESIDENTIAL PROPERTY AB-REG-S 1.75000% 17-07.02.25 | 200 000.00 | 184 740.61 | 0.09 |
| EUR	AROUNDTOWN SA-REG-S 2.00000% 18-02.11.26 | 100 000.00 | 75 973.33 | 0.04 |
| EUR	ASTRAZENECA PLC-REG-S 0.37500% 21-03.06.29 | 250 000.00 | 206 801.31 | 0.10 |
| EUR	BANQUE FEDER DU CRE MUTUEL SA-REG-S-SUB 5.12500% 23-13.01.33 | 300 000.00 | 299 244.33 | 0.14 |
| EUR	BPCE SA-REG-S 4.50000% 23-13.01.33 | 1 000 000.00 | 993 214.72 | 0.46 |
| EUR	CANAL DE ISABEL II GESTION SA-REG-S 1.68000% 15-26.02.25 | 200 000.00 | 190 942.36 | 0.09 |
| EUR	CEZ AS-REG-S 2.37500% 22-06.04.27 | 235 000.00 | 214 402.28 | 0.10 |
| EUR	COOPERATIEVE RABOBANK UA-REG-S 4.00000% 23-10.01.30 | 800 000.00 | 796 876.42 | 0.37 |
| EUR	CPI PROPERTY GROUP SA-REG-S 2.75000% 20-12.05.26 | 210 000.00 | 165 504.27 | 0.08 |
| EUR	CREDIT SUISSE SCHWEIZ AG-REG-S 3.39000% 22-05.12.25 | 1 000 000.00 | 973 166.18 | 0.45 |
| EUR	CTP NV-REG-S 0.87500% 22-20.01.26 | 1 000 000.00 | 826 859.85 | 0.39 |
| EUR	DANSKE BANK AS-REG-S-SUB 1.50000% 20-02.09.30 | 130 000.00 | 117 261.03 | 0.05 |
| EUR	DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 295 000.00 | 286 661.22 | 0.13 |
| EUR	ELECTRICITE DE FRANCE-REG-S 2.00000% 19-09.12.49 | 100 000.00 | 59 860.26 | 0.03 |
| EUR	ELECTRICITE DE FRANCE-REG-S 4.62500% 23-25.01.43 | 700 000.00 | 655 473.76 | 0.31 |
| EUR	ELENIA VERKKO OYJ-REG-S 0.37500% 20-06.02.27 | 105 000.00 | 90 918.21 | 0.04 |
| EUR	ENBW INTERNATIONAL FINANCE BV-REG-S 4.04900% 22-22.11.29 | 245 000.00 | 247 520.23 | 0.12 |
| EUR	EUROPEAN FINANCIAL STABILITY FAC-REG-S 1.80000% 17-10.07.48 | 1 185 000.00 | 880 014.30 | 0.41 |
| EUR	FERROVIE DELLO STATO ITALIANE SPA-REG-S 3.75000% 22-14.04.27 | 710 000.00 | 700 617.79 | 0.33 |
| EUR	KBC GROUP NV-REG-S 1.12500% 19-25.01.24 | 200 000.00 | 194 489.91 | 0.09 |
| EUR	NATIONAL GAS TRANSMISSION PLC-REG-S 4.25000% 23-05.04.30 | 190 000.00 | 189 153.30 | 0.09 |
| EUR	NATIONAL GRID PLC-REG-S 3.87500% 23-16.01.29 | 420 000.00 | 414 102.30 | 0.19 |
| EUR	NBN CO LTD-REG-S 4.12500% 23-15.03.29 | 425 000.00 | 428 461.59 | 0.20 |
| EUR	NEW YORK LIFE GLOBAL FUNDING-REG-S 0.25000% 20-23.01.27 | 500 000.00 | 431 510.77 | 0.20 |
| EUR	ORANO SA-REG-S 5.37500% 22-15.05.27 | 500 000.00 | 511 885.57 | 0.24 |
| EUR	P3 GROUP SARL-REG-S 0.87500% 22-26.01.26 | 500 000.00 | 425 610.79 | 0.20 |

UBS (Lux) Bond Fund – Global Flexible Annual report and audited financial statement as of 31 March 2023
|  | Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Unrealized gain | of net |
|  |  |  | (loss) on Futures/ | assets |
|  |  |  | Forward |  |
|  |  |  | Exchange Contracts/ |  |
|  |  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| EUR | POLAND, REPUBLIC OF-REG-S 2.00000% 19-08.03.49 | 400 000.00 | 267 560.31 | 0.12 |
| EUR | PPF ARENA 1 BV-REG-S 2.12500% 19-31.01.25 | 800 000.00 | 750 261.03 | 0.35 |
| EUR | REDEXIS GAS FINANCE BV-REG-S 1.87500% 15-27.04.27 | 560 000.00 | 511 857.62 | 0.24 |
| EUR | ROMANIA-REG-S 4.62500% 19-03.04.49 | 1 200 000.00 | 876 897.07 | 0.41 |
| EUR | RWE AG-REG-S 2.75000% 22-24.05.30 | 350 000.00 | 322 671.23 | 0.15 |
| EUR | SELP FINANCE SARL-REG-S 3.75000% 22-10.08.27 | 330 000.00 | 300 322.21 | 0.14 |
| EUR | TORONTO-DOMINION BANK/THE-REG-S 3.63100% 22-13.12.29 | 415 000.00 | 396 496.75 | 0.18 |
| EUR | UNICAJA BANCO SA-REG-S 4.50000% 22-30.06.25 | 400 000.00 | 395 032.66 | 0.18 |
| EUR | VONOVIA SE-REG-S 1.62500% 21-01.09.51 | 200 000.00 | 90 181.34 | 0.04 |
| EUR | VONOVIA SE-REG-S 5.00000% 22-23.11.30 | 200 000.00 | 185 464.68 | 0.09 |
| EUR | WESTERN POWER DISTRIBUTION EAST-REG-S 3.94900% 22-20.09.32 | 195 000.00 | 189 352.06 | 0.09 |
| EUR | WESTPAC BANKING CORP-REG-S 0.01000% 21-22.09.28 | 1 225 000.00 | 1 005 010.05 | 0.47 |
| Total EUR |  |  | 16 420 546.13 | 7.67 |
| GBP |  |  |  |  |
| GBP | ANNINGTON FUNDING PLC-REG-S 4.75000% 22-09.08.33 | 370 000.00 | 368 914.20 | 0.17 |
| GBP | ELECTRICITE DE FRANCE 5.50000% 11-17.10.41 | 100 000.00 | 103 563.61 | 0.05 |
| GBP | FORD MOTOR CREDIT CO LLC 2.74800% 20-14.06.24 | 400 000.00 | 429 232.38 | 0.20 |
| GBP | HEATHROW FUNDING LTD 6.75000% 09-03.12.26 | 100 000.00 | 117 217.27 | 0.05 |
| GBP | LLOYDS BANK PLC 7.50000% 09-15.04.24 | 100 000.00 | 115 216.37 | 0.05 |
| GBP | LLOYDS BANKING GROUP PLC 2.25000% 17-16.10.24 | 200 000.00 | 214 666.80 | 0.10 |
| GBP | NATIONWIDE BUILDING SOCIETY-REG-S 5.62500% 11-28.01.26 | 200 000.00 | 232 840.95 | 0.11 |
| GBP | SCENTRE GROUP TRUST 1-REG-S 3.87500% 14-16.07.26 | 150 000.00 | 161 280.68 | 0.08 |
| GBP | VICINITY CENTRES TRUST-REG-S 3.37500% 16-07.04.26 | 150 000.00 | 160 293.22 | 0.08 |
| Total GBP |  |  | 1 903 225.48 | 0.89 |
| USD |  |  |  |  |
| USD | EGYPT, REPUBLIC OF-REG-S 8.70020% 19-01.03.49 | 350 000.00 | 185 810.36 | 0.09 |
| USD | GC TREASURY CENTER CO LTD-REG-S 4.40000% 22-30.03.32 | 200 000.00 | 163 531.46 | 0.08 |
| USD | MEXICO, UNITED STATES OF 4.75000% 12-08.03.44 | 400 000.00 | 310 218.74 | 0.14 |
| USD | MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 474 000.00 | 431 209.41 | 0.20 |
| USD | PERTAMINA PERSERO PT-REG-S 4.70000% 19-30.07.49 | 205 000.00 | 154 504.14 | 0.07 |
| USD | ROMANIA-REG-S 6.12500% 14-22.01.44 | 720 000.00 | 624 868.21 | 0.29 |
| USD | SAUDI ARABIAN OIL CO-REG-S 3.50000% 19-16.04.29 | 970 000.00 | 827 048.81 | 0.39 |
| USD | SVENSK EXPORTKREDIT AB 4.37500% 23-13.02.26 | 555 000.00 | 510 627.65 | 0.24 |
| Total USD |  |  | 3 207 818.78 | 1.50 |
| Total Medium term notes, fixed rate |  | 22 965 067.82 | 10.73 |
| Medium term notes, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	STEDIN HOLDING NV-REG-S 0.00000% 21-16.11.26 | 470 000.00 | 414 617.74 | 0.19 |
| Total EUR |  | 414 617.74 | 0.19 |
| Total Medium term notes, zero coupon |  | 414 617.74 | 0.19 |
| Medium term notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	AXA SA-REG-S-SUB 3.250%/VAR 18-28.05.49 | 120 000.00 | 106 133.31 | 0.05 |
| EUR	BARCLAYS PLC-REG-S 3.375%/VAR 20-02.04.25 | 460 000.00 | 452 464.04 | 0.21 |
| EUR	COMMONWEALTH BK OF AUSTRLIA-REG-S-SUB 1.936%/VAR 17-03.10.29 | 120 000.00 | 113 635.14 | 0.05 |
| EUR	DEUTSCHE BANK AG-REG-S 1.000%/VAR 20-19.11.25 | 300 000.00 | 274 848.43 | 0.13 |
| EUR	DEUTSCHE BANK AG-REG-S 1.750%/VAR 20-19.11.30 | 300 000.00 | 233 610.14 | 0.11 |
| EUR	DEUTSCHE BANK AG-REG-S 4.000%/VAR 22-24.06.32 | 600 000.00 | 515 114.06 | 0.24 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 100 000.00 | 97 205.06 | 0.05 |
| EUR	TOTAL SE-REG-S-SUB 2.625%/VAR 15-PRP | 1 100 000.00 | 1 030 730.39 | 0.48 |
| EUR	UBS GROUP AG-REG-S 4.625%/VAR 23-17.03.28 | 550 000.00 | 545 507.39 | 0.25 |
| Total EUR |  | 3 369 247.96 | 1.57 |
| GBP |  |  |  |
| GBP	ELECTRICITE DE FRANCE SA-REG-S-SUB 6.000%/VAR 13-PRP | 100 000.00 | 100 350.47 | 0.05 |
| GBP	HEATHROW FUNDING LTD-REG-S 6.450%/6M LIBOR+400BP 08-10.12.31 | 100 000.00 | 120 044.10 | 0.06 |
| Total GBP |  | 220 394.57 | 0.11 |
| Total Medium term notes, floating rate |  | 3 589 642.53 | 1.68 |
| Bonds, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	AUSTRALIA-REG-S 3.25000% 12-21.04.29 | 1 250 000.00 | 770 839.36 | 0.36 |
| Total AUD |  | 770 839.36 | 0.36 |
| CAD |  |  |  |
| CAD	CANADA, GOVERNMENT 1.25000% 19-01.06.30 | 2 750 000.00 | 1 664 781.60 | 0.78 |
| CAD	CANADA, GOVERNMENT 4.00000% 08-01.06.41 | 313 000.00 | 237 308.02 | 0.11 |
| CAD	INTER-AMERICAN DEVELOPMENT BANK 4.40000% 06-26.01.26 | 2 000 000.00 | 1 373 156.74 | 0.64 |
| CAD	KREDITANSTALT FUER WIEDERAUFBAU 5.05000% 05-04.02.25 | 1 000 000.00 | 685 378.17 | 0.32 |
| Total CAD |  | 3 960 624.53 | 1.85 |
| CNY |  |  |  |
| CNY	CHINA DEVELOPMENT BANK CORP 3.80000% 16-25.01.36 | 40 000 000.00 | 5 680 898.50 | 2.65 |
| Total CNY |  | 5 680 898.50 | 2.65 |
| EUR |  |  |  |
| EUR	ABBOTT IRELAND FINCING DAC-REG-S 0.87500% 18-27.09.23 | 155 000.00 | 152 012.42 | 0.07 |
| EUR	ALSTRIA OFFICE REIT-AG-REG-S 1.50000% 20-23.06.26 | 200 000.00 | 157 867.28 | 0.07 |
| EUR	AUTOSTRADE PER L’ITALIA SPA REG-S 2.00000% 21-15.01.30 | 1 000 000.00 | 825 456.57 | 0.38 |
| EUR	BPCE SA-REG-S 0.25000% 20-15.01.26 | 300 000.00 | 270 683.98 | 0.13 |
| EUR	CHUBB INA HOLDINGS INC 2.50000% 18-15.03.38 | 205 000.00 | 166 164.92 | 0.08 |
| EUR	FINNAIR OYJ-REG-S 4.25000% 21-19.05.25 | 390 000.00 | 343 538.20 | 0.16 |

UBS (Lux) Bond Fund – Global Flexible
Annual report and audited financial statement as of 31 March 2023
|  | Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Unrealized gain | of net |
|  |  |  | (loss) on Futures/ | assets |
|  |  |  | Forward |  |
|  |  |  | Exchange Contracts/ |  |
|  |  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| EUR | FRANCE, REPUBLIC OF-OAT-144A-REG-S 1.50000% 19-25.05.50 | 500 000.00 | 345 112.35 | 0.16 |
| EUR | FRANCE, REPUBLIC OF-OAT-144A-REG-S 0.50000% 20-25.05.40 | 300 000.00 | 193 658.77 | 0.09 |
| EUR | INTERNATIONAL BUSINESS MACHINES CORP 4.00000% 23-06.02.43 | 250 000.00 | 243 665.72 | 0.11 |
| EUR | ITALY, REPUBLIC OF-BTP 5.00000% 03-01.08.34 | 630 000.00 | 670 375.15 | 0.31 |
| EUR | ITALY, REPUBLIC OF-BTP-144A-REG-S 3.250% 14-01.09.46 | 2 450 000.00 | 2 048 659.65 | 0.96 |
| EUR | ITALY, REPUBLIC OF-REG-S 0.90000% 20-01.04.31 | 1 350 000.00 | 1 069 556.87 | 0.50 |
| EUR | JAPAN BANK FOR INTL COOPERATION 3.12500% 23-15.02.28 | 450 000.00 | 441 857.06 | 0.21 |
| EUR | MAPFRE SA-REG-S-SUB 2.87500% 22-13.04.30 | 400 000.00 | 331 925.45 | 0.15 |
| EUR | MPT OPERATING PARTNERSHIP LP/FIN CORP 3.32500% 17-24.03.25 | 235 000.00 | 193 443.00 | 0.09 |
| EUR | PORTUGAL, REPUBLIC OF-144A-REG-S 1.95000% 19-15.06.29 | 500 000.00 | 471 673.36 | 0.22 |
| EUR | RESA SA/BELGIUM-REG-S 1.00000% 16-22.07.26 | 100 000.00 | 90 782.42 | 0.04 |
| EUR | SLOVAKIA, REPUBLIC OF-REG-S 3.75000% 23-23.02.35 | 700 000.00 | 681 720.72 | 0.32 |
| EUR | SLOVENIA, REPUBLIC OF-REG-S 1.50000% 15-25.03.35 | 2 950 000.00 | 2 340 605.52 | 1.09 |
| EUR | SLOVENIA, REPUBLIC OF-REG-S 3.12500% 15-07.08.45 | 1 750 000.00 | 1 599 634.94 | 0.75 |
| EUR | SPAIN, KINGDOM OF-144A-REG-S 5.15000% 13-31.10.44 | 350 000.00 | 419 709.64 | 0.20 |
| EUR | SPAIN, KINGDOM OF-144A-REG-S 3.45000% 16-30.07.66 | 675 000.00 | 611 996.42 | 0.29 |
| EUR | SPAIN, KINGDOM OF-144A-REG-S 1.40000% 18-30.07.28 | 1 000 000.00 | 916 383.74 | 0.43 |
| EUR | TAURON POLSKA ENERGIA SA-REG-S 2.37500% 17-05.07.27 | 300 000.00 | 244 403.42 | 0.11 |
| EUR | UMG GROUPE VYV 1.62500% 19-02.07.29 | 100 000.00 | 82 731.05 | 0.04 |
| EUR | UNITED GROUP BV-REG-S 3.12500% 20-15.02.26 | 435 000.00 | 355 791.39 | 0.17 |
| Total EUR |  |  | 15 269 410.01 | 7.13 |
| GBP |  |  |  |  |
| GBP | BELLIS ACQUISITION CO PLC-REG-S 3.25000% 21-16.02.26 | 415 000.00 | 383 263.85 | 0.18 |
| GBP | BERKELEY GROUP PLC/THE-REG-S 2.50000% 21-11.08.31 | 305 000.00 | 239 611.88 | 0.11 |
| GBP | BUPA FINANCE PLC-REG-S-SUB 5.00000% 13-25.04.23 | 23 000.00 | 25 959.95 | 0.01 |
| GBP | CANARY WHARF FINANCE II PLC 6.45500% 00-22.07.30 | 400 000.00 | 64 189.64 | 0.03 |
| GBP | ROTHESAY LIFE PLC-REG-S-SUB 3.37500% 19-12.07.26 | 315 000.00 | 324 990.04 | 0.15 |
| GBP | SCOTTISH WIDOWS PLC-REG-S-SUB 5.50000% 13-16.06.23 | 140 000.00 | 157 766.62 | 0.08 |
| GBP | UNITED KING OF GREAT BRIT & N IRL-REG-S 1.25000% 20-22.10.41 | 400 000.00 | 298 123.25 | 0.14 |
| Total GBP |  |  | 1 493 905.23 | 0.70 |
| JPY |  |  |  |  |
| JPY | JAPAN 0.40000% 16-20.03.56 | 120 000 000.00 | 624 824.54 | 0.29 |
| JPY | JAPAN 0.40000% 20-20.09.40 | 350 000 000.00 | 2 190 436.73 | 1.02 |
| JPY | JAPAN 0.80000% 18-20.03.58 | 370 000 000.00 | 2 171 855.47 | 1.02 |
| JPY | JAPAN 0.90000% 22-20.06.42 | 400 000 000.00 | 2 692 724.49 | 1.26 |
| JPY | JAPAN 1.50000% 15-20.03.45 | 70 000 000.00 | 517 594.13 | 0.24 |
| Total JPY |  |  | 8 197 435.36 | 3.83 |
| MXN |  |  |  |  |
| MXN | MEXICO, UNITED MEXICAN STATES 7.75000% 11-29.05.31 | 150 000.00 | 711 246.94 | 0.33 |
| MXN | MEXICO, UNITED MEXICAN STATES 7.75000% 11-13.11.42 | 180 000.00 | 796 364.80 | 0.37 |
| Total MXN |  | 1 507 611.74 | 0.70 |
| NZD |  |  |  |  |
| NZD | NEW ZEALAND 1.50000% 19-15.05.31 | 7 500 000.00 | 3 487 160.32 | 1.63 |
| NZD | NEW ZEALAND 1.75000% 20-15.05.41 | 4 400 000.00 | 1 686 575.94 | 0.79 |
| NZD | NEW ZEALAND 3.00000% 18-20.04.29 | 1 000 000.00 | 533 765.12 | 0.25 |
| NZD | NEW ZEALAND-REG-S 2.75000% 16-15.04.37 | 6 000 000.00 | 2 866 134.74 | 1.34 |
| Total NZD |  |  | 8 573 636.12 | 4.01 |
| USD |  |  |  |  |
| USD | CENTERPOINT ENERGY HOUSTON ELEC 4.95000% 23-01.04.33 | 170 000.00 | 158 598.30 | 0.07 |
| USD | CITIGROUP INC 3.87500% 13-25.10.23 | 590 000.00 | 534 500.96 | 0.25 |
| USD | COLOMBIA, REPUBLIC OF 6.12500% 09-18.01.41 | 600 000.00 | 449 226.79 | 0.21 |
| USD | CONSUMERS ENERGY COMPANY 3.25000% 16-15.08.46 | 40 000.00 | 27 281.19 | 0.01 |
| USD | COUNTRY GARDEN HOLDINGS CO LTD-REG-S 2.70000% 21-12.07.26 | 210 000.00 | 101 678.11 | 0.05 |
| USD | DUKE ENERGY CAROLINAS LLC 4.00000% 12-30.09.42 | 110 000.00 | 85 891.60 | 0.04 |
| USD | DUKE ENERGY OHIO INC 5.25000% 23-01.04.33 | 65 000.00 | 61 097.41 | 0.03 |
| USD | DUKE ENERGY PROGRESS LLC 5.25000% 23-15.03.33 | 350 000.00 | 332 195.83 | 0.16 |
| USD | EGYPT GOVERNMENT INTERNATIONAL-REG-S 10.87500% 23-28.02.26 | 340 000.00 | 284 263.64 | 0.13 |
| USD | KAZAKHSTAN, REPUBLIC OF-REG-S 4.87500% 14-14-10.44 | 700 000.00 | 566 064.12 | 0.26 |
| USD | MEXICO CITY AIRPORT TRUST-REG-S 5.50000% 17-31.07.47 | 200 000.00 | 139 553.90 | 0.07 |
| USD | PACIFIC GAS & ELECTRIC CO 2.10000% 20-01.08.27 | 125 000.00 | 99 587.36 | 0.05 |
| USD | PACIFIC GAS & ELECTRIC CO 2.50000% 20-01.02.31 | 135 000.00 | 99 912.85 | 0.05 |
| USD | PACIFICORP 6.00000% 09-15.01.39 | 150 000.00 | 148 949.42 | 0.07 |
| USD | PERU, REPUBLIC OF 2.78300% 20-23.01.31 | 300 000.00 | 233 777.45 | 0.11 |
| USD | PERU, REPUBLIC OF 8.75000% 03-21.11.33 | 164 000.00 | 188 335.87 | 0.09 |
| USD | SOUTHERN CALIFORNIA EDISON CO 4.00000% 17-01.04.47 | 85 000.00 | 63 766.29 | 0.03 |
| USD | SOUTHERN CALIFORNIA EDISON CO 3.70000% 18-01.08.25 | 150 000.00 | 133 529.44 | 0.06 |
| USD | SOUTHERN CALIFORNIA EDISON CO 2.85000% 19-01.08.29 | 75 000.00 | 61 276.53 | 0.03 |
| USD | SUNAC CHINA HOLDINGS-REG-S *DEFAULTED* 6.50000% 20-10.01.25 | 200 000.00 | 43 961.85 | 0.02 |
| Total USD |  |  | 3 813 448.91 | 1.79 |
| Total Bonds, fixed rate |  | 49 267 809.76 | 23.02 |
| Bonds, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 21-15.02.31 | 700 000.00 | 583 119.18 | 0.27 |
| Total EUR |  | 583 119.18 | 0.27 |
| Total Bonds, zero coupon |  | 583 119.18 | 0.27 |
| Bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	ABANCA CORP BANCARIA SA-REG-S-SUB 6.125%/VAR 19-18.01.29 | 500 000.00 | 478 893.99 | 0.22 |
| EUR	BANCO DE CREDITO SOCIAL-REG-S 8.000%/VAR 22-22.09.26 | 400 000.00 | 400 885.38 | 0.19 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 3.250%/VAR 20-PRP | 145 000.00 | 132 762.81 | 0.06 |
| EUR	BP CAPITAL MARKETS PLC-REG-S-SUB 3.625%/VAR 20-PRP | 215 000.00 | 185 653.77 | 0.09 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 4.000%/VAR 18-PRP | 100 000.00 | 94 958.97 | 0.04 |
| EUR	RABOBANK NEDERLAND NV-REG-S-SUB 3.250%/VAR 19-PRP | 400 000.00 | 320 586.03 | 0.15 |

UBS (Lux) Bond Fund – Global Flexible Annual report and audited financial statement as of 31 March 2023
|  | Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| EUR | SES SA-REG-S-SUB 2.875%/VAR 21-PRP | 900 000.00 | 723 551.75 | 0.34 |
| EUR | UNIBAIL-RODAMCO SE-REG-S-SUB 2.125%/VAR 18-PRP | 100 000.00 | 84 371.89 | 0.04 |
| EUR | UNIBAIL-RODAMCO SE-REG-S-SUB 2.875%/VAR 18-PRP | 100 000.00 | 75 928.26 | 0.04 |
| Total EUR |  |  | 2 497 592.85 | 1.17 |
| GBP |  |  |  |  |
| GBP | M&G PLC-REG-S-SUB 5.625%/VAR 18-20.10.51 | 130 000.00 | 133 553.83 | 0.06 |
| GBP | SANTANDER UK GROUP HOLD PLC-REG-S-SUB 6.750%/VAR 17-PRP | 200 000.00 | 199 430.40 | 0.10 |
| Total GBP |  |  | 332 984.23 | 0.16 |
| NZD |  |  |  |  |
| NZD | NEW ZEALAND 2.000%/CPI LINKED 12-20.09.25 | 1 500 000.00 | 1 089 615.43 | 0.51 |
| NZD | NEW ZEALAND-REG-S 2.500%/CPI LINKED 14-20.09.35 | 5 500 000.00 | 3 946 122.19 | 1.84 |
| Total NZD |  |  | 5 035 737.62 | 2.35 |
| USD |  |  |  |  |
| USD | CREDIT SUISSE GROUP AG-REG-S-SUB 7.500%/VAR 18-PRP | 850 000.00 | 34 943.29 | 0.02 |
| USD | QBE INSURANCE GROUP LTD-REG-S-SUB 6.750%/VAR 14-02.12.44 | 360 000.00 | 326 019.16 | 0.15 |
| USD | SCOR SE-REG-S-SUB 5.250%/VAR 18-PRP | 200 000.00 | 132 464.75 | 0.06 |
| Total USD |  |  | 493 427.20 | 0.23 |
| Total Bonds, floating rate |  | 8 359 741.90 | 3.91 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.00000% 17-15.05.47 | 5 500 000.00 | 4 372 710.65 | 2.04 |
| USD	AMERICA, UNITED STATES OF 2.87500% 19-15.05.49 | 4 060 000.00 | 3 173 813.99 | 1.48 |
| USD	AMERICA, UNITED STATES OF 2.62500% 19-15.02.29 | 200 000.00 | 173 246.20 | 0.08 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 22-15.04.27 | 2 400 000.00 | 2 213 515.02 | 1.04 |
| Total USD |  | 9 933 285.86 | 4.64 |
| Total Treasury notes, fixed rate |  | 9 933 285.86 | 4.64 |
| Treasury notes, floating rate |  |  |  |
| BRL |  |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 6.000%/IPCA LINKD 10-15.08.50 | 600.00 | 426 879.45 | 0.20 |
| Total BRL |  | 426 879.45 | 0.20 |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 15-15.02.45 | 2 000 000.00 | 1 976 565.36 | 0.92 |
| USD	AMERICA, UNITED STATES OF 1.000%/CPI LINKED 18-15.02.48 | 600 000.00 | 592 061.80 | 0.28 |
| Total USD |  | 2 568 627.16 | 1.20 |
| Total Treasury notes, floating rate |  | 2 995 506.61 | 1.40 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 135 575 616.46 | 63.35 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Asset Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	COLT MERGER SUB INC-144A 3.60000% 18-25.02.48 | 1 000 000.00 | 255 408.61 | 0.12 |
| USD	PSNH FUNDING LLC 3.81400% 18-01.02.35 | 225 000.00 | 194 262.81 | 0.09 |
| USD	SOFI PROFESSIONAL LOAN PROGRAM-144A 3.34000% 18-25.08.47 | 750 000.00 | 148 029.79 | 0.07 |
| Total USD |  | 597 701.21 | 0.28 |
| Total Asset Backed Securities, fixed rate |  | 597 701.21 | 0.28 |
| Asset Backed Securities, floating rate |  |  |  |
| USD |  |  |  |
| USD	SOFI PROFESSIONA LOAN PROGRAM LLC-144A VAR 17-26.03.40 | 775 000.00 | 649 071.61 | 0.30 |
| USD	SOFI PROFESSIONAL LOAN PROGRAM-144A VAR 17-25.07.40 | 100 000.00 | 85 860.17 | 0.04 |
| Total USD |  | 734 931.78 | 0.34 |
| Total Asset Backed Securities, floating rate |  | 734 931.78 | 0.34 |
| Mortgage Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BENCHMARK MORTGAGE TRUST-SUB 4.26100% 18-01.10.51 | 260 000.00 | 225 328.51 | 0.11 |
| USD	BENCHMARK MORTGAGE TRUST 4.44100% 18-01.10.51 | 350 000.00 | 297 768.84 | 0.14 |
| USD	BWAY 2013-1515 MORTGAGE TRUST-144A 3.45430% 13-10.03.33 | 720 000.00 | 615 241.34 | 0.29 |
| USD	CITIGROUP COMM MRTGE TRT 2015-P1-SUB 3.71700% 15-01.09.48 | 170 000.00 | 148 852.68 | 0.07 |
| USD	COMM 2015-PC1 MORTGAGE TRUST 3.62000% 15-01.07.50 | 150 000.00 | 56 365.24 | 0.03 |
| USD	CSAIL 2015-C4 COMMERCIAL MORT TRUST-SUB 3.80790% 15-01.11.48 | 600 000.00 | 524 089.19 | 0.25 |
| USD	FANNIE MAE 1.00000% 22-01.04.51 | 550 000.00 | 359 329.70 | 0.17 |
| USD	FANNIE MAE 1.50000% 21-01.02.51 | 325 000.00 | 202 583.23 | 0.09 |
| USD	FANNIE MAE 2.00000% 21-01.07.51 | 1 525 000.00 | 1 033 583.32 | 0.48 |
| USD	FANNIE MAE 2.00000% 21-01.11.51 | 1 825 000.00 | 1 273 973.43 | 0.60 |
| USD	FANNIE MAE 2.00000% 20-01.09.50 | 725 000.00 | 390 715.49 | 0.18 |
| USD	FANNIE MAE 2.00000% 20-01.01.51 | 300 000.00 | 181 763.31 | 0.09 |
| USD	FANNIE MAE 2.00000% 21-01.02.51 | 1 225 000.00 | 765 911.01 | 0.36 |
| USD	FANNIE MAE 2.00000% 21-01.05.51 | 2 000 000.00 | 1 309 860.25 | 0.61 |
| USD	FANNIE MAE 2.50000% 21-01.10.51 | 975 000.00 | 695 202.37 | 0.32 |
| USD	FANNIE MAE 2.50000% 22-01.03.52 | 1 000 000.00 | 751 416.63 | 0.35 |
| USD	FANNIE MAE 2.50000% 21-01.08.51 | 650 000.00 | 475 066.95 | 0.22 |
| USD	FANNIE MAE 2.50000% 21-01.08.51 | 830 000.00 | 556 549.68 | 0.26 |
| USD	FANNIE MAE 3.00000% 21-01.10.51 | 1 175 000.00 | 865 951.16 | 0.40 |
| USD	FANNIE MAE 3.00000% 22-01.04.52 | 1 000 000.00 | 772 855.51 | 0.36 |

UBS (Lux) Bond Fund – Global Flexible
Annual report and audited financial statement as of 31 March 2023
|  | Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | FANNIE MAE 3.00000% 22-01.12.48 | 1 208 920.00 | 909 678.45 | 0.43 |
| USD | FANNIE MAE 3.00000% 21-01.10.51 | 700 000.00 | 478 753.61 | 0.22 |
| USD | FANNIE MAE 3.00000% 20-01.06.50 | 1 375 000.00 | 422 698.89 | 0.20 |
| USD | FANNIE MAE 3.00000% 20-01.08.50 | 375 000.00 | 127 091.79 | 0.06 |
| USD | FANNIE MAE 3.50000% 16-01.08.46 | 200 000.00 | 47 257.09 | 0.02 |
| USD | FANNIE MAE 3.50000% 15-01.04.45 | 75 000.00 | 22 747.46 | 0.01 |
| USD | FANNIE MAE 3.50000% 16-01.01.46 | 75 000.00 | 21 277.07 | 0.01 |
| USD | FANNIE MAE 3.50000% 16-01.12.46 | 275 000.00 | 113 699.18 | 0.05 |
| USD | FANNIE MAE 3.50000% 18-01.03.48 | 225 000.00 | 36 877.49 | 0.02 |
| USD | FANNIE MAE 3.50000% 17-01.11.47 | 500 000.00 | 75 947.53 | 0.04 |
| USD | FANNIE MAE 4.00000% 16-01.02.46 | 250 000.00 | 23 924.11 | 0.01 |
| USD | FANNIE MAE 4.00000% 14-01.07.44 | 520 000.00 | 72 372.49 | 0.03 |
| USD | FANNIE MAE 4.00000% 17-01.06.47 | 1 050 000.00 | 237 841.98 | 0.11 |
| USD | FANNIE MAE 4.00000% 17-01.07.47 | 350 000.00 | 48 718.23 | 0.02 |
| USD | FANNIE MAE 4.00000% 17-01.07.47 | 130 000.00 | 34 953.93 | 0.02 |
| USD | FANNIE MAE 4.00000% 18-01.06.48 | 900 000.00 | 171 577.91 | 0.08 |
| USD | FANNIE MAE 4.00000% 14-01.11.44 | 125 000.00 | 27 731.62 | 0.01 |
| USD | FANNIE MAE 4.00000% 18-01.06.48 | 25 000.00 | 2 492.88 | 0.00 |
| USD | FANNIE MAE 4.50000% 15-01.11.45 | 25 000.00 | 6 796.39 | 0.00 |
| USD | FANNIE MAE 4.50000% 19-01.09.49 | 1 000 000.00 | 43 993.12 | 0.02 |
| USD | FANNIE MAE 4.50000% 16-01.07.44 | 150 000.00 | 23 334.41 | 0.01 |
| USD | FANNIE MAE 5.00000% 11-01.01.41 | 148 000.00 | 9 315.28 | 0.00 |
| USD | FANNIE MAE 5.00000% 04-01.03.34 | 705 000.00 | 8 476.19 | 0.00 |
| USD | FANNIE MAE 5.00000% 08-01.07.35 | 322 000.00 | 6 515.67 | 0.00 |
| USD | FANNIE MAE 5.00000% 22-01.12.52 | 475 000.00 | 424 238.92 | 0.20 |
| USD | FANNIE MAE 5.50000% 08-01.04.34 | 891 436.00 | 7 819.62 | 0.00 |
| USD | FANNIE MAE 5.50000% 22-01.12.52 | 750 000.00 | 674 124.46 | 0.31 |
| USD | FANNIE MAE POOL 2.00000% 22-01.11.51 | 975 000.00 | 687 776.92 | 0.32 |
| USD | FANNIE MAE POOL 2.50000% 21-01.11.51 | 1 800 000.00 | 1 275 556.76 | 0.60 |
| USD | FREDDIE MAC 1.50000% 21-01.04.51 | 1 600 000.00 | 1 007 006.50 | 0.47 |
| USD | FREDDIE MAC 2.00000% 21-01.02.51 | 2 975 000.00 | 1 821 003.92 | 0.85 |
| USD | FREDDIE MAC 2.00000% 21-01.11.51 | 1 825 000.00 | 1 271 854.66 | 0.59 |
| USD | FREDDIE MAC 2.00000% 22-01.01.52 | 825 000.00 | 594 600.75 | 0.28 |
| USD | FREDDIE MAC 2.50000% 20-01.10.50 | 375 000.00 | 215 818.67 | 0.10 |
| USD | FREDDIE MAC 2.50000% 21-01.05.51 | 2 350 000.00 | 1 512 493.51 | 0.71 |
| USD | FREDDIE MAC 2.50000% 22-01.02.52 | 1 000 000.00 | 722 379.29 | 0.34 |
| USD | FREDDIE MAC 3.00000% 16-01.06.46 | 175 000.00 | 29 955.35 | 0.01 |
| USD | FREDDIE MAC 3.00000% 16-01.09.46 | 725 000.00 | 131 138.27 | 0.06 |
| USD | FREDDIE MAC 3.00000% 20-01.09.50 | 565 000.00 | 201 519.06 | 0.09 |
| USD | FREDDIE MAC 3.00000% 16-01.10.46 | 275 000.00 | 82 481.23 | 0.04 |
| USD | FREDDIE MAC 3.50000% 16-01.04.46 | 2 575 000.00 | 319 710.84 | 0.15 |
| USD | FREDDIE MAC 3.50000% 16-01.08.46 | 1 925 000.00 | 264 944.63 | 0.12 |
| USD | FREDDIE MAC 3.50000% 19-01.07.47 | 750 000.00 | 289 014.28 | 0.14 |
| USD | FREDDIE MAC 3.50000% 15-01.06.45 | 100 000.00 | 30 409.72 | 0.01 |
| USD | FREDDIE MAC 4.00000% 18-01.05.48 | 175 000.00 | 17 129.07 | 0.01 |
| USD | FREDDIE MAC 4.00000% 14-01.08.44 | 330 250.00 | 27 498.71 | 0.01 |
| USD | FREDDIE MAC 4.00000% 17-01.08.47 | 175 000.00 | 25 973.02 | 0.01 |
| USD | FREDDIE MAC 4.00000% 17-01.11.47 | 200 000.00 | 32 200.15 | 0.02 |
| USD | FREDDIE MAC 5.50000% 14-01.06.41 | 225 000.00 | 22 988.50 | 0.01 |
| USD | FREDDIE MAC POOL 2.50000% 21-01.10.51 | 1 800 000.00 | 1 281 019.88 | 0.60 |
| USD | GINNIE MAE 2.00000% 20-01.02.51 | 1 050 000.00 | 623 340.11 | 0.29 |
| USD | GINNIE MAE 2.00000% 21-01.03.51 | 450 000.00 | 272 406.37 | 0.13 |
| USD | GINNIE MAE 2.00000% 21-01.11.51 | 1 025 000.00 | 721 822.90 | 0.34 |
| USD | GINNIE MAE 2.00000% 22-20.03.37 | 950 000.00 | 704 029.76 | 0.33 |
| USD | GINNIE MAE 2.50000% 21-01.03.51 | 1 300 000.00 | 749 268.94 | 0.35 |
| USD | GINNIE MAE 2.50000% 21-01.09.51 | 425 000.00 | 298 096.58 | 0.14 |
| USD | GINNIE MAE 3.00000% 16-01.08.46 | 375 000.00 | 55 282.04 | 0.03 |
| USD | GINNIE MAE 3.00000% 19-01.10.49 | 3 475 000.00 | 654 821.15 | 0.31 |
| USD | GINNIE MAE 3.50000% 18-01.01.48 | 225 000.00 | 32 336.66 | 0.02 |
| USD | GINNIE MAE II 2.50000% 21-01.12.51 | 925 000.00 | 675 796.91 | 0.32 |
| USD | HILTON USA TRUST-144-SUB 3.32284% 16-01.11.35 | 175 000.00 | 147 622.70 | 0.07 |
| Total USD |  |  | 32 381 961.42 | 15.13 |
| Total Mortgage Backed Securities, fixed rate |  | 32 381 961.42 | 15.13 |
| Mortgage Backed Securities, floating rate |  |  |  |
| USD |  |  |  |
| USD	AVENTURA MALL TRUST-144A FLR 18-01.07.40 | 800 000.00 | 683 990.67 | 0.32 |
| USD	BAMLL COMMERCIAL MORT SET-144A 1M LIBOR+135BP 18-15.09.34 | 750 000.00 | 657 503.31 | 0.31 |
| USD	BAMLL COMMERCIAL MORTGAGE-144A VAR 15-01.04.33 | 450 000.00 | 361 332.67 | 0.17 |
| USD	BANK 2017-BNK9 VAR 17-01.11.54 | 600 000.00 | 501 968.58 | 0.23 |
| USD	BBCMS TRUST CBM-144A 1M LIBOR+119.1098BP 18-15.07.37 | 750 000.00 | 657 753.05 | 0.31 |
| USD	BX TRUST-144A 1M LIBOR+80BP 18-15.05.35 | 400 000.00 | 357 139.03 | 0.17 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+145BP 19-15.12.37 | 200 000.00 | 178 347.58 | 0.08 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+175BP 19-15.12.37 | 570 000.00 | 507 637.20 | 0.24 |
| USD	CD MORTGAGE TRUST FLR 17-01.11.50 | 110 000.00 | 91 040.44 | 0.04 |
| USD	FREMF MORTGAGE TRUST-144A-SUB VAR 17-01.05.50 | 50 000.00 | 43 465.51 | 0.02 |
| USD	GS MORTGAGE SECURITIES TRUST 4.047%/VAR 17-01.03.50 | 225 000.00 | 185 434.72 | 0.08 |
| USD	JP MORGAN CHASE MORTGAGE SECURITIES-144A-SUB FLR 18-01.01.31 | 605 000.00 | 552 062.98 | 0.26 |
| USD	JPMDB COMRCIAL MOTGE SECURTIES TRST 3.985%/VAR 17-01.10.50 | 425 000.00 | 345 025.31 | 0.16 |
| USD	MAD MORTGAGE TRUST-144A 3.141%/VAR 17-01.08.34 | 250 000.00 | 210 369.08 | 0.10 |
| USD	MORGAN STANLEY BOA ML TRT 2015-C24-SUB VAR 15-01.05.48 | 225 000.00 | 195 990.22 | 0.09 |
| USD	MSCG TRUST 2018-SELF-144A-SUB 1M LIBOR+90BP 18-15.10.37 | 310 000.00 | 253 458.29 | 0.12 |
| Total USD |  | 5 782 518.64 | 2.70 |
| Total Mortgage Backed Securities, floating rate |  | 5 782 518.64 | 2.70 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AKER BP ASA-144A 3.75000% 20-15.01.30 | 450 000.00 | 370 888.99 | 0.17 |
| USD	AVOLON HOLDINGS FUNDING LTD-144A 2.12500% 21-21.02.26 | 205 000.00 | 165 422.44 | 0.08 |
| USD	BROADCOM INC-144A 1.95000% 21-15.02.28 | 250 000.00 | 198 677.59 | 0.09 |
| USD	BROADCOM INC-144A 3.41900% 21-15.04.33 | 329 000.00 | 251 479.68 | 0.12 |

UBS (Lux) Bond Fund – Global Flexible Annual report and audited financial statement as of 31 March 2023
|  | Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | COLONIAL ENTERPRISES INC-144A 3.25000% 20-15.05.30 | 185 000.00 | 151 207.92 | 0.07 |
| USD | DELL INTERNATIONAL LLC / EMC CORP 5.85000% 21-15.07.25 | 130 000.00 | 120 708.77 | 0.05 |
| USD | DELL INTERNATIONAL LLC / EMC CORP 5.30000% 21-01.10.29 | 320 000.00 | 294 540.76 | 0.14 |
| USD | INFOR INC-144A 1.75000% 20-15.07.25 | 115 000.00 | 96 000.80 | 0.04 |
| USD | KENVUE INC-144A 5.35000% 23-22.03.26 | 85 000.00 | 79 678.18 | 0.04 |
| USD | SOCIETE GENERALE SA-SUB-144A 7.36700% 23-10.01.53 | 715 000.00 | 636 743.51 | 0.30 |
| USD | SOUTHWESTERN ELECTRIC POWER 6.20000% 10-15.03.40 | 130 000.00 | 124 667.35 | 0.06 |
| USD | TECK RESOURCES LTD 3.90000% 20-15.07.30 | 70 000.00 | 58 746.63 | 0.03 |
| USD | TRITON CONTAINER INTERNATIONAL LTD-144A 2.05000% 21-15.04.26 | 320 000.00 | 260 179.04 | 0.12 |
| USD | XCEL ENERGY INC 4.80000% 11-15.09.41 | 120 000.00 | 100 801.99 | 0.05 |
| Total USD |  |  | 2 909 743.65 | 1.36 |
| Total Notes, fixed rate |  | 2 909 743.65 | 1.36 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	HSBC HOLDINGS PLC 6.332%/VAR 23-09.03.44 | 200 000.00 | 192 974.94 | 0.09 |
| Total USD |  | 192 974.94 | 0.09 |
| Total Notes, floating rate |  | 192 974.94 | 0.09 |
| Medium term notes, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	AURIZON FINANCE PTY LTD 3.00000% 21-09.03.28 | 610 000.00 | 325 354.54 | 0.15 |
| Total AUD |  | 325 354.54 | 0.15 |
| Total Medium term notes, fixed rate |  | 325 354.54 | 0.15 |
| Medium term notes, floating rate |  |  |  |
| AUD |  |  |  |
| AUD	NATIONAL AUSTRALIA BANK-SUB 6.322%/VAR 22-03.08.32	450 000.00 | 280 910.79 | 0.13 |
| Total AUD | 280 910.79 | 0.13 |
| Total Medium term notes, floating rate | 280 910.79 | 0.13 |
| Bonds, fixed rate |  |  |  |
| RUB |  |  |  |
| RUB	RUSSIA, FEDERATION OF 7.65000% 19-10.04.30 | 410 000 000.00 | 241 026.71 | 0.11 |
| Total RUB |  | 241 026.71 | 0.11 |
| USD |  |  |  |
| USD	FIVE CORNERS FUNDING TRUST-144A 4.41900% 13-15.11.23 | 130 000.00 | 118 009.74 | 0.06 |
| Total USD |  | 118 009.74 | 0.06 |
| Total Bonds, fixed rate |  | 359 036.45 | 0.17 |
| Bonds, floating rate |  |  |  |
| NZD |  |  |  |
| NZD	NEW ZEALAND 2.500%/CPI LINKED 17-20.09.40 | 8 000 000.00 | 5 618 917.19 | 2.63 |
| Total NZD |  | 5 618 917.19 | 2.63 |
| USD |  |  |  |
| USD	SCENTRE GROUP TRUST 2-REG-S-SUB 4.750%/VAR 20-24.09.80 | 200 000.00 | 165 266.35 | 0.08 |
| Total USD |  | 165 266.35 | 0.08 |
| Total Bonds, floating rate |  | 5 784 183.54 | 2.71 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 49 349 316.96 | 23.06 |
| Recently issued transferable securities and money market instruments |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ENEL FINANCE INTERNATIONAL NV-144A 6.80000% 22-14.10.25 | 300 000.00 | 283 238.55 | 0.13 |
| Total USD |  | 283 238.55 | 0.13 |
| Total Notes, fixed rate |  | 283 238.55 | 0.13 |
| Total Recently issued transferable securities and money market instruments |  | 283 238.55 | 0.13 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of | 17 December 2010 |  |  |
| Investment funds, open end |  |  |  |
| Luxembourg |  |  |  |
| EUR	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 150.00 | 20 302.62 | 0.01 |
| USD	UBS (LUX) BOND SICAV - ASIAN HIGH YIELD (USD) I-X-DIST | 48 000.00 | 2 457 814.92 | 1.15 |
| USD	UBS (LUX) BOND SICAV - CHINA HIGH YIELD (USD) U-X-ACC | 590.00 | 2 951 264.38 | 1.38 |
| Total Luxembourg |  | 5 429 381.92 | 2.54 |
| Total Investment funds, open end |  | 5 429 381.92 | 2.54 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  | 5 429 381.92 | 2.54 |

UBS (Lux) Bond Fund – Global Flexible
Annual report and audited financial statement as of 31 March 2023
| Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |

Derivative instruments not listed on an official stock exchange and not traded on another regulated market
Options on other swaps, classic-styled
| EUR |  |
| --- | --- |
| EUR | JPM/ITRX.XOVER.S38-V1 SWAPTION PUT 550.00000% 23-19.04.23 | -9 000 000.00 | -5 259.60 | 0.00 |
| EUR | JPM/ITRX XOVER EUROPE SWAPTION PUT 500.00000% 23-19.04.23 | -9 000 000.00 | -11 594.69 | -0.01 |
| EUR | JPM/ITRX XOVER EUROPE SWAPTION PUT 450.00000% 23-19.04.23 | 9 000 000.00 | 29 645.97 | 0.01 |
| Total EUR |  |  | 12 791.68 | 0.00 |
| Total Options on other swaps, classic-styled |  | 12 791.68 | 0.00 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  | 12 791.68 | 0.00 |
| Total investments in securities |  | 190 650 345.57 | 89.08 |
| To Be Announced (“TBA”) Mortgage Backed Securities (Note 1) |  |  |  |
| TBA Mortgage Backed Securities |  |  |  |
|  |  |  |  |
| USD	FANNIE MAE (TBA-US01F0406441) 4.00000% APR 23 13.04.23 | 2 325 000.00 | -9 338.18 | 0.00 |
| USD	FANNIE MAE (TBA-US01F0506430) 5.00000% APR 23-13.04.23 | 1 800 000.00 | 11 942.55 | 0.00 |
| USD	FANNIE MAE (TBA-US01F0206460) 2.50000% JAN 23 13.04.23 | 750 000.00 | 14 651.69 | 0.01 |
| Total TBA Mortgage Backed Securities |  | 17 256.06 | 0.01 |
| Total To Be Announced (“TBA”) Mortgage Backed Securities (Note 1) |  | 17 256.06 | 0.01 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange |
| Financial Futures on bonds |
|  |  |  |  |
| EUR	EURO BTP ITALY GOVERNMENT FUTURE 08.06.23 | -24.00 | -110 051.33 | -0.05 |
| EUR	SHORT EURO BTP ITALY GOVERMENT FUTURE 08.06.23 | 55.00 | 69 059.99 | 0.03 |
| EUR	EURO-BUND FUTURE 08.06.23 | 91.00 | 459 728.30 | 0.22 |
| EUR	EURO-BOBL FUTURE 08.06.23 | -116.00 | 43 849.82 | 0.02 |
| EUR	EURO-SCHATZ FUTURE 08.06.23 | -55.00 | -56 226.62 | -0.03 |
| EUR	EURO-BUXL FUTURE 08.06.23 | -21.00 | -195 507.85 | -0.09 |
| EUR	EURO-OAT FUTURE 08.06.23 | 20.00 | 91 312.43 | 0.04 |
| GBP	LONG GILT FUTURE 28.06.23 | 45.00 | 134 022.16 | 0.06 |
| USD	US 10YR ULTRA NOTE FUTURE 21.06.23 | -29.00 | -110 725.12 | -0.05 |
| AUD	AUSTRALIA 3YR BOND FUTURE 15.06.23 | -509.00 | -211 124.01 | -0.1 |
| CAD	CAN 5YR BOND FUTURE 21.06.23 | -31.00 | 16 112.93 | 0.01 |
| AUD	AUSTRALIA 10YR BOND FUTURE 15.06.23 | 16.00 | 27 653.67 | 0.01 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 21.06.23 | -12.00 | 1 662.94 | 0 |
| USD	US LONG BOND FUTURE 21.06.23 | 20.00 | 99 205.83 | 0.05 |
| USD	US 10YR TREASURY NOTE FUTURE 21.06.23 | 136.00 | 390 214.32 | 0.18 |
| JPY	JAPAN GOVERNMENT 10Y BOND (OSE) FUTURE 13.06.23 | -40.00 | -535 952.99 | -0.25 |
| USD	US 5YR TREASURY NOTE FUTURE 30.06.23 | 262.00 | 463 498.38 | 0.22 |
| CAD	CAN 10YR BOND FUTURE 21.06.23 | -387.00 | -751 246.12 | -0.35 |
| Total Financial Futures on bonds | -174 513.27 | -0.08 |
| Total Derivative instruments listed on an official stock exchange | -174 513.27 | -0.08 |
| Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  |  |
| Swaps and forward swaps on interest rates |  |  |

| USD USD | LCH/INTEREST RATE SWAP PAY 2.39460% 17-23.03.27 LCH/INTEREST RATE SWAP REC 3M LIBOR 17-23.03.27 | -3 200 000.00 | 152 481.58 | 0.07 |
| --- | --- | --- | --- | --- |
| USD | LCH/INTEREST RATE SWAP PAY 2.34500% 17-07.04.27 | -3 000 000.00 | 146 601.84 | 0.07 |
| USD | LCH/INTEREST RATE SWAP REC 3M LIBOR 17-07.04.27 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAY 2.24850% 17-02.08.27 | -4 100 000.00 | 238 015.50 | 0.11 |
| USD | LCH/INTEREST RATE SWAP REC 3M LIBOR 17-02.08.27 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAY 2.11600% 20-23.01.30 | -31 500 000.00 | 1 289 144.83 | 0.60 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIB 20-23.01.30 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAY 1.91900% 20-10.02.30 | -38 500 000.00 | 1 656 981.94 | 0.77 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIB 20-10.02.30 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAY 1.20750% 19-27.09.29 | -5 900 000.00 | 595 131.10 | 0.28 |
| NZD | LCH/INTEREST RATE SWAP REC 3MFRA 19-27.09.29 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAY 1.67500% 24-30.10.29 | -16 000 000.00 | 903 574.43 | 0.42 |
| NZD | LCH/INTEREST RATE SWAP REC 3MFRA 24-30.10.29 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAY 1.80000% 24-26.11.29 | -12 000 000.00 | 638 101.29 | 0.30 |
| NZD | LCH/INTEREST RATE SWAP REC 3MFRA 24-26.11.29 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAY 1.58300% 24-24.09.29 | -16 500 000.00 | 976 831.67 | 0.46 |
| NZD | LCH/INTEREST RATE SWAP REC 3MFRA 24-24.09.29 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP PAY 2.80500% 21-02.04.26 | -125 000 000.00 | -116 994.65 | -0.05 |
| CNY | CITI/INTEREST RATE SWAP REC CNRR007 21-02.04.26 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAY 1.73300% 21-16.04.31 | -10 000 000.00 | 533 863.52 | 0.25 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIB 21-16.04.31 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAY 3.79250% 22-17.01.32 | -13 500 000.00 | 338 819.69 | 0.16 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIB 22-17.01.32 |  |  |  |
| KRW | JPMORGAN/INTEREST RATE SWAP PAY 2.15900% 22-25.01.32 | -3 950 000 000.00 | 213 298.79 | 0.10 |
| KRW | JPMORGAN/INTEREST RATE SWAP REC 3MKWCD 22-25.01.32 |  |  |  |
| CNY | LCH/INTEREST RATE SWAP PAY 2.79400% 23-10.01.28 | -40 000 000.00 | -1 085.26 | 0.00 |
| CNY | LCH/INTEREST RATE SWAP REC CNRR007 23-10.01.28 |  |  |  |
| SEK | LCH/INTEREST RATE SWAP PAY 2.74000% 23-10.02.28 | -60 000 000.00 | 70 656.08 | 0.03 |
| SEK | LCH/INTEREST RATE SWAP REC 3MS 23-10.02.28 |  |  |  |
| SEK | LCH/INTEREST RATE SWAP PAY 3.39500% 23-10.03.28 | -45 000 000.00 | -65 687.93 | -0.03 |
| SEK | LCH/INTEREST RATE SWAP REC 3MS 23-10.02.28 |  |  |  |

UBS (Lux) Bond Fund – Global Flexible Annual report and audited financial statement as of 31 March 2023
|  | Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAY 3.19431% 23-10.03.53 | -2 900 000.00 | -115 491.70 | -0.05 |
| USD | LCH/INTEREST RATE SWAP TP PAY SOFR O/N 23-10.03.53 |  |  |  |
| NOK | LCH/INTEREST RATE SWAP PAY 3.03500% 23-21.03.28 | -25 000 000.00 | 15 238.64 | 0.01 |
| NOK | LCH/INTEREST RATE SWAP REC NIBOR6M 23-21.03.28 |  |  |  |
| INR | LCH/INTEREST RATE SWAP PAY 6.34300% 23-21.03.28 | -232 500 000.00 | -61.85 | 0.00 |
| INR | LCH/INTEREST RATE SWAP REC O/N MIBOR 23-21.03.28 |  |  |  |
| INR | LCH/INTEREST RATE SWAP PAY 6.21500% 23-21.03.28 | -232 500 000.00 | 107.18 | 0.00 |
| INR | LCH/INTEREST RATE SWAP REC O/N MIBOR 23-21.03.28 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAY 3.01600% 23-30.03.53 | -1 400 000.00 | -12 806.51 | -0.01 |
| USD | LCH/INTEREST RATE SWAP REC 3M LIBOR 23-30.03.53 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.92500% 20-16.01.25 | 61 000 000.00 | 80 030.00 | 0.04 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-16.01.25 |  |  |  |
| CNY | UBS/INTEREST RATE SWAP REC 3.13000% 19-06.05.24 | 35 000 000.00 | 46 184.54 | 0.02 |
| CNY | UBS/INTEREST RATE SWAP PAY CNRR007 19-06.05.24 |  |  |  |
| CNY | UBS/INTEREST RATE SWAP REC 2.80000% 19-03.07.24 | 70 000 000.00 | 62 120.36 | 0.03 |
| CNY | UBS/INTEREST RATE SWAP PAY CNRR007 19-03.07.24 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.94000% 19-19.09.24 | 41 000 000.00 | 44 381.32 | 0.02 |
| CNY | CITI/INTEREST RATE SWAP PAY CNRR007 19-19.09.24 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.23500% 20-10.06.25 | 35 000 000.00 | -26 512.87 | -0.01 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAY CNRR007 20-10.06.25 |  |  |  |
| CNY | UBS/INTEREST RATE SWAP REC 2.71100% 21-19.01.26 | 50 000 000.00 | 27 891.66 | 0.01 |
| CNY | UBS/INTEREST RATE SWAP PAY CNRR007 21-19.01.26 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 8.15500% 19-17.04.29 | 120 000 000.00 | -86 349.20 | -0.04 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 19-17.04.29 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.85500% 19-12.11.29 | 190 000 000.00 | -784 195.01 | -0.37 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 19-12.11.29 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.28000% 16-23.07.26 | 60 000 000.00 | -245 765.23 | -0.12 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 16-23.07.26 |  |  |  |
| SGD | LCH/INTEREST RATE SWAP REC 1.05500% 21-10.03.26 | 4 000 000.00 | -182 126.02 | -0.09 |
| SGD | LCH/INTEREST RATE SWAP PAY SORF6M 21-10.03.26 |  |  |  |
| KRW | JPMORGAN/INTEREST RATE SWAP REC 1.80000% 17-17.01.27 | 2 800 000 000.00 | -107 082.75 | -0.05 |
| KRW | JPMORGAN/INTEREST RATE SWAP PAY 3MKWCD 17-17.01.27 |  |  |  |
| KRW | UBS/INTEREST RATE SWAP REC 1.43750% 21-09.03.26 | 5 200 000 000.00 | -191 271.10 | -0.09 |
| KRW | UBS/INTEREST RATE SWAP PAY 3MKWCD 21-09.03.26 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP REC 1.32000% 21-22.06.26 | 15 000 000.00 | -831 507.03 | -0.39 |
| NZD | LCH/INTEREST RATE SWAP PAY 3MFRA 21-22.06.26 |  |  |  |
| HUF | LCH/INTEREST RATE SWAP REC 2.59600% 21-10.08.26 | 3 000 000 000.00 | -1 699 772.59 | -0.79 |
| HUF | LCH/INTEREST RATE SWAP PAY 6ML 21-10.08.26 |  |  |  |
| HUF | LCH/INTEREST RATE SWAP REC 2.83500% 21-17.09.26 | 1 630 000 000.00 | -859 696.82 | -0.40 |
| HUF | LCH/INTEREST RATE SWAP PAY 6ML 21-17.09.26 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 7.50000% 21-22.09.31 | 105 000 000.00 | -287 435.31 | -0.13 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 21-22.09.31 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.49500% 21-08.10.26 | 55 000 000.00 | -35 994.28 | -0.02 |
| CNY | CITI/INTEREST RATE SWAP PAY CNRR007 21-08.10.26 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 7.44000% 21-16.10.26 | 140 000 000.00 | -330 967.52 | -0.15 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 21-16.10.26 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 7.49250% 21-19.10.26 | 140 000 000.00 | -317 139.90 | -0.15 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 21-19.10.26 |  |  |  |
| ZAR | LCH/INTEREST RATE SWAP REC 7.67000% 22-06.01.32 | 54 000 000.00 | -211 400.17 | -0.10 |
| ZAR | LCH/INTEREST RATE SWAP PAY 3MZAR 22-06.01.32 |  |  |  |
| HUF | LCH/INTEREST RATE SWAP REC 4.82000% 22-17.01.27 | 2 000 000 000.00 | -951 062.66 | -0.44 |
| HUF | LCH/INTEREST RATE SWAP PAY 6MHUF 22-17.01.27 |  |  |  |
| HUF | LCH/INTEREST RATE SWAP REC 4.95100% 22-19.01.27 | 2 050 000 000.00 | -949 678.53 | -0.44 |
| HUF | LCH/INTEREST RATE SWAP PAY 6MHUF 22-19.01.27 |  |  |  |
| KRW | JPMORGAN/INTEREST RATE SWAP REC 2.02000% 22-25.01.24 | 41 000 000 000.00 | -452 280.41 | -0.21 |
| KRW | JPMORGAN/INTEREST RATE SWAP PAY 3MKWCD 22-25.01.24 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP REC 4.60500% 22-29.11.27 | 4 500 000.00 | 45 113.59 | 0.02 |
| NZD | LCH/INTEREST RATE SWAP PAY 3MFRA 22-29.11.27 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 8.51000% 22-01.12.27 | 85 000 000.00 | -15 659.39 | -0.01 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 22-01.12.27 |  |  |  |
| ZAR | LCH/INTEREST RATE SWAP REC 9.22100% 22-12.12.32 | 35 000 000.00 | 25 818.22 | 0.01 |
| ZAR | LCH/INTEREST RATE SWAP PAY 3MZAR 22-12.12.32 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP REC 4.65000% 22-19.12.27 | 5 000 000.00 | 57 779.89 | 0.03 |
| NZD | LCH/INTEREST RATE SWAP PAY 3MFRA 22-19.12.27 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP REC 4.67500% 22-19.12.27 | 4 500 000.00 | 54 890.50 | 0.02 |
| NZD | LCH/INTEREST RATE SWAP PAY 3MFRA 22-19.12.27 |  |  |  |
| BRL | MORGAN STANLE/INTEREST RATE SWAP REC 13.40000% 22-02.01.25 | 30 000 000.00 | 95 653.15 | 0.04 |
| BRL | MORGAN STANLE/INTEREST RATE SWAP PAY BZD 22-02.01.25 |  |  |  |
| BRL | CITI/INTEREST RATE SWAP REC 13.81500% 22-02.01.25 | 35 000 000.00 | 150 062.19 | 0.07 |
| BRL | CITI/INTEREST RATE SWAP PAY BZD 22-02.01.25 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP REC 4.56500% 23-11.01.28 | 4 750 000.00 | 13 495.90 | 0.01 |
| NZD | LCH/INTEREST RATE SWAP PAY 3MFRA 23-11.01.28 |  |  |  |
| BRL | CME/INTEREST RATE SWAP REC 12.70000% 23-02.01.25 | 50 000 000.00 | 71 703.77 | 0.03 |
| BRL | CME/INTEREST RATE SWAP PAY BZD 23-02.01.25 |  |  |  |
| EUR | LCH/INTEREST RATE SWAP REC 2.95640% 23-10.02.28 | 5 500 000.00 | -22 947.89 | -0.01 |
| EUR | LCH/INTEREST RATE SWAP PAY 6MEIB 23-10.02.28 |  |  |  |
| EUR | LCH/INTEREST RATE SWAP REC 3.45360% 23-10.03.28 | 4 000 000.00 | 67 595.68 | 0.03 |
| EUR | LCH/INTEREST RATE SWAP PAY 6MEIB 23-10.03.28 |  |  |  |
| Total Swaps and forward swaps on interest rates |  | -289 403.73 | -0.14 |
| Credit default swaps* |  |  |  |
|  |  |  |  |
| USD	BOA/MEX CREDIT DEFAULT SWAP PAY 1.00000% 19-20.06.24 | -2 850 000.00 | -21 914.53 | -0.01 |
| USD	BOA/TURKEY CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 2 850 000.00 | -71 988.58 | -0.03 |
| Total Credit default swaps |  | -93 903.11 | -0.04 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  | -383 306.84 | -0.18 |
| Total Derivative instruments |  | -540 564.05 | -0.25 |
| * Positive nominal: the subfund is “Receiver”, negative nominal: the subfund is “Payer”. |  |  |  |

UBS (Lux) Bond Fund – Global Flexible
Annual report and audited financial statement as of 31 March 2023
UBS (Lux) Bond Fund – Global Flexible Annual report and audited financial statement as of 31 March 2023
| Description	Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |

Forward Foreign Exchange contracts
Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date
| KRW | 879 000 000.00 | USD | 672 957.30 | 6.4.2023 | 1 690.02 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| MYR | 9 105 000.00 | USD | 2 032 819.83 | 6.4.2023 | 29 806.91 | 0.01 |
| USD | 1 270 698.34 | PHP | 70 600 000.00 | 5.4.2023 | -26 121.62 | -0.01 |
| IDR | 60 351 700 000.00 | USD | 3 948 581.56 | 6.4.2023 | 74 950.33 | 0.04 |
| USD | 6 452 333.27 | CNY | 44 785 000.00 | 6.4.2023 | -63 218.32 | -0.03 |
| USD | 1 338 133.13 | CLP | 1 113 300 000.00 | 6.4.2023 | -63 719.64 | -0.03 |
| COP | 6 579 360 000.00 | USD | 1 358 039.11 | 5.4.2023 | 48 941.71 | 0.02 |
| INR | 323 120 000.00 | USD | 3 889 052.71 | 6.4.2023 | 38 939.94 | 0.02 |
| USD | 3 588 179.22 | BRL | 18 820 000.00 | 6.4.2023 | -111 426.46 | -0.05 |
| USD | 543 608.50 | IDR | 8 293 400 000.00 | 11.4.2023 | -10 073.91 | 0.00 |
| USD | 495 798.83 | INR | 41 010 000.00 | 11.4.2023 | -2 921.04 | 0.00 |
| AUD | 8 215 000.00 | CHF | 5 192 832.94 | 6.4.2023 | -167 739.83 | -0.08 |
| CHF | 6 041 500.44 | CAD | 8 760 000.00 | 6.4.2023 | 130 193.09 | 0.06 |
| CAD | 52 940 800.00 | CHF | 36 511 628.60 | 6.4.2023 | -786 818.07 | -0.37 |
| CHF | 1 258 942.70 | CZK | 29 660 000.00 | 6.4.2023 | 5 739.11 | 0.00 |
| CHF | 1 665 848.81 | HUF | 632 200 000.00 | 6.4.2023 | 18 716.29 | 0.01 |
| CHF | 7 326 541.44 | JPY | 1 062 200 000.00 | 6.4.2023 | 34 554.41 | 0.02 |
| CHF | 3 158 876.20 | SGD | 4 530 000.00 | 6.4.2023 | 47 096.88 | 0.02 |
| EUR | 97 953 300.00 | CHF | 97 797 897.09 | 6.4.2023 | -594 763.92 | -0.28 |
| THB | 35 300 000.00 | CHF | 953 458.53 | 11.4.2023 | -10 435.83 | 0.00 |
| CHF | 58 262 419.79 | EUR | 58 355 000.00 | 6.4.2023 | 354 326.48 | 0.17 |
| NOK | 59 120 000.00 | CHF | 5 317 311.84 | 11.4.2023 | -162 599.37 | -0.08 |
| CHF | 24 315 610.56 | NZD | 41 655 000.00 | 6.4.2023 | 515 665.08 | 0.24 |
| USD | 41 176 600.00 | CHF | 38 633 397.30 | 6.4.2023 | -1 030 684.45 | -0.48 |
| CHF | 127 248 352.44 | USD | 135 625 000.00 | 6.4.2023 | 3 394 806.24 | 1.59 |
| GBP | 17 479 500.00 | CHF | 19 642 385.36 | 6.4.2023 | 95 722.97 | 0.04 |
| CHF | 14 411 944.98 | GBP | 12 825 000.00 | 6.4.2023 | -70 233.53 | -0.03 |
| PLN | 3 605 000.00 | CHF | 766 074.54 | 6.4.2023 | -2 049.01 | 0.00 |
| CHF | 1 870 582.79 | MXN | 36 410 000.00 | 11.4.2023 | 32 439.59 | 0.02 |
| AUD | 1 665 000.00 | SGD | 1 509 990.17 | 6.4.2023 | -18 782.13 | -0.01 |
| USD | 1 125 000.00 | PHP | 61 976 250.00 | 5.4.2023 | -14 241.39 | -0.01 |
| EUR | 9 000 000.00 | CHF | 8 972 238.60 | 6.4.2023 | -41 164.32 | -0.02 |
| USD | 8 655 000.00 | CHF | 8 126 990.47 | 6.4.2023 | -223 193.66 | -0.10 |
| BRL | 3 230 000.00 | USD | 614 014.74 | 6.4.2023 | 20 768.14 | 0.01 |
| NZD | 4 155 000.00 | CHF | 2 425 725.56 | 6.4.2023 | -51 730.28 | -0.02 |
| AUD | 1 000 000.00 | CHF | 632 350.10 | 6.4.2023 | -20 652.83 | -0.01 |
| GBP | 2 800 000.00 | CHF | 3 141 307.96 | 6.4.2023 | 20 493.20 | 0.01 |
| GBP | 940 000.00 | CAD | 1 528 526.29 | 6.4.2023 | 30 011.78 | 0.01 |
| CHF | 20 111 601.04 | EUR | 20 169 000.00 | 6.4.2023 | 97 063.57 | 0.05 |
| CHF | 1 177 173.90 | USD | 1 260 000.00 | 6.4.2023 | 26 534.50 | 0.01 |
| CHF | 1 169 579.25 | AUD | 1 850 000.00 | 6.4.2023 | 37 939.29 | 0.02 |
| MXN | 11 295 091.99 | USD | 620 000.00 | 11.4.2023 | 4 256.63 | 0.00 |
| USD | 620 000.00 | CLP | 503 285 000.00 | 6.4.2023 | -15 030.38 | -0.01 |
| USD | 880 000.00 | CHF | 822 454.95 | 6.4.2023 | -18 833.78 | -0.01 |
| EUR | 754 046.97 | CHF | 750 000.00 | 6.4.2023 | -1 727.83 | 0.00 |
| CHF | 403 034.01 | CAD | 586 400.00 | 6.4.2023 | 7 327.32 | 0.00 |
| CHF | 1 057 632.73 | USD | 1 135 000.00 | 6.4.2023 | 21 144.07 | 0.01 |
| JPY | 84 100 000.00 | CHF | 579 006.90 | 6.4.2023 | -1 661.66 | 0.00 |
| GBP | 950 000.00 | USD | 1 127 602.31 | 6.4.2023 | 43 037.10 | 0.02 |
| USD | 1 135 000.00 | INR | 93 420 715.00 | 6.4.2023 | -1 580.27 | 0.00 |
| GBP | 955 000.00 | CAD | 1 556 226.55 | 6.4.2023 | 28 257.10 | 0.01 |
| USD | 595 000.00 | CHF | 559 141.55 | 6.4.2023 | -15 784.06 | -0.01 |
| USD | 345 000.00 | CHF | 323 098.37 | 6.4.2023 | -8 042.34 | 0.00 |
| CHF | 360 621.46 | USD | 390 000.00 | 6.4.2023 | 4 471.17 | 0.00 |
| CHF | 351 520.59 | MXN | 7 040 000.00 | 11.4.2023 | -3 890.78 | 0.00 |
| AUD | 1 710 000.00 | NZD | 1 839 053.70 | 6.4.2023 | -4 758.67 | 0.00 |
| CHF | 1 946 117.70 | EUR | 1 984 000.00 | 6.4.2023 | -22 688.01 | -0.01 |
| NOK | 2 960 000.00 | EUR | 261 196.75 | 11.4.2023 | -1 064.15 | 0.00 |
| NOK | 13 130 000.00 | SEK | 13 118 183.00 | 11.4.2023 | -10 477.39 | 0.00 |
| PLN | 3 145 000.00 | EUR | 669 005.46 | 6.4.2023 | 2 654.15 | 0.00 |
| CAD | 716 614.92 | NZD | 840 000.00 | 6.4.2023 | 3 636.61 | 0.00 |
| CHF | 1 267 057.28 | USD | 1 390 000.00 | 6.4.2023 | -2 298.88 | 0.00 |
| USD | 635 000.00 | CHF | 585 330.87 | 6.4.2023 | -5 445.14 | 0.00 |
| EUR | 332 142.32 | NZD | 565 000.00 | 6.4.2023 | 6 783.40 | 0.00 |
| USD | 871 122.70 | CAD | 1 200 000.00 | 6.4.2023 | -14 258.44 | -0.01 |
| USD | 1 130 000.00 | JPY | 148 488 780.00 | 6.4.2023 | 12 548.06 | 0.01 |
| CHF | 549 806.09 | MXN | 11 410 000.00 | 11.4.2023 | -26 222.86 | -0.01 |
| USD | 718 416.07 | JPY | 95 000 000.00 | 6.4.2023 | 3 887.85 | 0.00 |
| CHF | 218 195.62 | USD | 235 000.00 | 6.4.2023 | 3 592.24 | 0.00 |
| AUD | 520 000.00 | CHF | 322 252.94 | 6.4.2023 | -4 170.36 | 0.00 |
| USD | 460 000.00 | CHF | 425 756.82 | 6.4.2023 | -5 682.12 | 0.00 |
| USD | 1 273 912.02 | GBP | 1 040 000.00 | 6.4.2023 | -11 042.68 | -0.01 |
| CHF | 466 153.08 | USD | 505 000.00 | 6.4.2023 | 4 984.12 | 0.00 |
| CHF | 305 436.34 | GBP | 270 000.00 | 6.4.2023 | 548.37 | 0.00 |
| CHF | 392 278.33 | USD | 424 500.00 | 6.4.2023 | 4 622.44 | 0.00 |
| USD | 1 484 502.34 | CHF | 1 370 000.00 | 6.4.2023 | -14 343.75 | -0.01 |
| USD | 315 000.00 | EUR | 291 854.94 | 6.4.2023 | -1 960.29 | 0.00 |
| EUR | 619 433.23 | AUD | 1 000 000.00 | 6.4.2023 | 2 992.82 | 0.00 |
| CHF | 975 114.96 | USD | 1 065 000.00 | 6.4.2023 | 2 550.71 | 0.00 |
| GBP | 945 000.00 | USD | 1 156 918.14 | 6.4.2023 | 10 607.42 | 0.01 |
| MXN | 5 435 344.40 | CAD | 400 000.00 | 11.4.2023 | 4 570.01 | 0.00 |
| CHF | 426 852.61 | MXN | 8 700 000.00 | 11.4.2023 | -12 363.15 | -0.01 |
| CHF | 472 569.67 | USD | 515 000.00 | 11.4.2023 | 2 445.74 | 0.00 |
| CAD | 576 000.00 | CHF | 385 159.10 | 6.4.2023 | 3 529.60 | 0.00 |
| USD | 449 900.00 | CHF | 411 923.04 | 6.4.2023 | -1 071.72 | 0.00 |
| INR | 229 700 000.00 | USD | 2 786 606.82 | 4.5.2023 | 2 541.02 | 0.00 |
| USD | 2 791 678.23 | INR | 229 699 285.00 | 6.4.2023 | -2 986.94 | 0.00 |
| USD | 236 927.72 | NZD | 380 000.00 | 6.4.2023 | -752.78 | 0.00 |
| USD | 872 348.67 | CHF | 800 000.00 | 6.4.2023 | -3 366.07 | 0.00 |
| USD | 575 000.00 | IDR | 8 665 868 125.00 | 4.5.2023 | -4 051.15 | 0.00 |
| USD | 2 442 213.83 | PHP | 132 600 000.00 | 4.5.2023 | 1 767.34 | 0.00 |
| PHP | 132 576 250.00 | USD | 2 441 102.01 | 5.4.2023 | -1 093.27 | 0.00 |

UBS (Lux) Bond Fund – Global Flexible Annual report and audited financial statement as of 31 March 2023
| Description	Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |

Forward Foreign Exchange contracts (Continued)
Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date
| CNY | 44 785 000.00 | USD | 6 509 447.67 | 6.4.2023 | 11 086.99 | 0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 6 526 142.46 | CNY | 44 785 000.00 | 4.5.2023 | -14 089.09 | -0.01 |
| USD | 465 000.00 | CHF | 426 668.79 | 6.4.2023 | -2 028.06 | 0.00 |
| COP | 6 579 360 000.00 | USD | 1 402 998.19 | 4.5.2023 | -546.07 | 0.00 |
| USD | 1 411 274.13 | COP | 6 579 360 000.00 | 5.4.2023 | -308.82 | 0.00 |
| IDR | 60 351 700 000.00 | USD | 4 009 813.30 | 4.5.2023 | 23 411.78 | 0.01 |
| USD | 2 066 031.31 | MYR | 9 105 000.00 | 6.4.2023 | 534.68 | 0.00 |
| MYR | 9 105 000.00 | USD | 2 071 908.07 | 5.5.2023 | -940.92 | 0.00 |
| USD | 4 010 079.73 | IDR | 60 351 700 000.00 | 6.4.2023 | -18 748.07 | -0.01 |
| KRW | 879 000 000.00 | USD | 678 293.08 | 4.5.2023 | -2 589.53 | 0.00 |
| USD | 677 091.36 | KRW | 879 000 000.00 | 6.4.2023 | 2 088.14 | 0.00 |
| CHF | 151 886.93 | CAD | 225 000.00 | 6.4.2023 | 55.41 | 0.00 |
| USD | 3 012 385.76 | BRL | 15 590 000.00 | 4.5.2023 | -42 249.07 | -0.02 |
| CLP | 1 616 585 000.00 | USD | 2 044 110.77 | 6.4.2023 | 189.35 | 0.00 |
| BRL | 15 590 000.00 | USD | 3 024 835.08 | 6.4.2023 | 44 316.23 | 0.02 |
| USD | 2 039 101.92 | CLP | 1 616 600 000.00 | 4.5.2023 | 1 713.72 | 0.00 |
| INR | 41 010 000.00 | USD | 498 759.49 | 11.4.2023 | 216.24 | 0.00 |
| USD | 498 056.84 | INR | 41 010 000.00 | 4.5.2023 | 43.40 | 0.00 |
| CHF | 301 567.63 | USD | 330 000.00 | 6.4.2023 | 209.69 | 0.00 |
| Total Forward Foreign Exchange contracts | 1 552 302.29 | 0.73 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 23 766 512.61* | 11.11 |
| Bank overdraft and other short-term liabilities | -2 303 427.38 | -1.08 |
| Other assets and liabilities | 885 542.84 | 0.41 |
| Total net assets | 214 010 711.88 | 100.00 |
| * As at 31 March 2023, cash amounts serve as collateral for the counterparty Bank of America for an amount of CHF 27 954.63 and JP Morgan for an amount of CHF 392 455.14. |  |  |

UBS (Lux) Bond Fund – Global Flexible
Annual report and audited financial statement as of 31 March 2023

Translation (ENFR, 2023-03-31):
# UBS (Lux) Bond Fund – Global Flexible
| Comparaison sur trois ans |  |
| --- | --- |
|  | ISIN | 31.3.2023 | 31.3.2022 | 31.3.2021 |
| Actif net en CHF |  | 214 010 711.88 | 337 498 166.88 | 330 462 860.01 |
| Catégorie (CAD hedged) F-acc | LU1467593940 |  |  |  |
| Parts en circulation |  | 24 565.0000 | 25 565.0000 | 13 530.0000 |
| Valeur nette d’inventaire par part en CAD |  | 109.75 | 116.59 | 122.42 |
| Prix d’émission et de rachat par part en CAD 1 |  | 109.75 | 116.59 | 122.42 |
| Catégorie (GBP hedged) F-acc | LU1991433100 |  |  |  |
| Parts en circulation |  | 30 491.8690 | 6 354.8690 | 6 465.8690 |
| Valeur nette d’inventaire par part en GBP |  | 96.31 | 103.27 | 108.54 |
| Prix d’émission et de rachat par part en GBP 1 |  | 96.31 | 103.27 | 108.54 |
| Catégorie (EUR hedged) I-A1-acc | LU0487187873 |  |  |  |
| Parts en circulation |  | 100.7250 | 100.7250 | 100.0000 |
| Valeur nette d’inventaire par part en EUR |  | 85.37 | 92.91 | 98.39 |
| Prix d’émission et de rachat par part en EUR 1 |  | 85.37 | 92.91 | 98.39 |
| Catégorie (EUR hedged) I-A3-acc 2 | LU2388426038 |  |  |  |
| Parts en circulation |  | 445 000.0000 | 445 000.0000 | - |
| Valeur nette d’inventaire par part en EUR |  | 84.87 | 92.25 | - |
| Prix d’émission et de rachat par part en EUR 1 |  | 84.87 | 92.25 | - |
| Catégorie I-B-acc 3 | LU0415185379 |  |  |  |
| Parts en circulation |  | - | - | 50 343.6930 |
| Valeur nette d’inventaire par part en CHF |  | - | - | 99.11 |
| Prix d’émission et de rachat par part en CHF 1 |  | - | - | 99.11 |
| Catégorie (EUR hedged) I-B-acc 4 | LU2198574894 |  |  |  |
| Parts en circulation |  | - | 772 402.3160 | 359 913.1470 |
| Valeur nette d’inventaire par part en EUR |  | - | 95.98 | 101.25 |
| Prix d’émission et de rachat par part en EUR 1 |  | - | 95.98 | 101.25 |
| Catégorie (EUR hedged) I-X-acc | LU0487188764 |  |  |  |
| Parts en circulation |  | 7 385.4250 | 36 926.3980 | 142 271.0000 |
| Valeur nette d’inventaire par part en EUR |  | 98.46 | 106.63 | 112.39 |
| Prix d’émission et de rachat par part en EUR 1 |  | 98.46 | 106.63 | 112.39 |
| Catégorie P-acc | LU0071006638 |  |  |  |
| Parts en circulation |  | 33 435.0810 | 37 955.2360 | 41 137.8240 |
| Valeur nette d’inventaire par part en CHF |  | 742.34 | 820.67 | 878.08 |
| Prix d’émission et de rachat par part en CHF 1 |  | 742.34 | 820.67 | 878.08 |
| Catégorie (CAD hedged) P-acc | LU1467572357 |  |  |  |
| Parts en circulation |  | 355 256.4450 | 405 760.3080 | 465 860.9870 |
| Valeur nette d’inventaire par part en CAD |  | 103.70 | 111.13 | 117.71 |
| Prix d’émission et de rachat par part en CAD 1 |  | 103.70 | 111.13 | 117.71 |
| Catégorie (EUR hedged) P-acc | LU0487186396 |  |  |  |
| Parts en circulation |  | 279 926.7350 | 298 019.3830 | 354 165.6750 |
| Valeur nette d’inventaire par part en EUR |  | 116.41 | 127.66 | 136.25 |
| Prix d’émission et de rachat par part en EUR 1 |  | 116.41 | 127.66 | 136.25 |
| Catégorie (GBP hedged) P-acc | LU1991433365 |  |  |  |
| Parts en circulation |  | 108 040.4200 | 124 201.7200 | 134 171.0270 |
| Valeur nette d’inventaire par part en GBP |  | 93.18 | 100.80 | 106.88 |
| Prix d’émission et de rachat par part en GBP 1 |  | 93.18 | 100.80 | 106.88 |
| Catégorie (USD hedged) P-acc | LU2064451730 |  |  |  |
| Parts en circulation |  | 341 540.3780 | 360 252.7040 | 405 403.2010 |
| Valeur nette d’inventaire par part en USD |  | 93.17 | 99.72 | 105.57 |
| Prix d’émission et de rachat par part en USD 1 |  | 93.17 | 99.72 | 105.57 |
| Catégorie P-dist | LU0071005408 |  |  |  |
| Parts en circulation |  | 32 348.6040 | 37 963.3350 | 46 369.8240 |
| Valeur nette d’inventaire par part en CHF |  | 405.90 | 457.47 | 497.76 |
| Prix d’émission et de rachat par part en CHF 1 |  | 405.90 | 457.47 | 497.76 |
| Catégorie (CAD hedged) P-dist | LU1467578123 |  |  |  |
| Parts en circulation |  | 102 000.1990 | 109 311.6990 | 118 959.5700 |
| Valeur nette d’inventaire par part en CAD |  | 94.21 | 102.82 | 110.58 |
| Prix d’émission et de rachat par part en CAD 1 |  | 94.21 | 102.82 | 110.58 |
| Catégorie (EUR hedged) P-dist | LU0487186123 |  |  |  |
| Parts en circulation | 62 959.7970 | 65 050.2680 | 68 395.2870 |
| Valeur nette d’inventaire par part en EUR | 96.44 | 107.82 | 116.77 |
| Prix d’émission et de rachat par part en EUR 1 | 96.44 | 107.82 | 116.77 |
| 1  Voir note 1 2  Première VNI: 27.9.2021 3  La catégorie de parts I-B-acc était en circulation pour la période allant du 4.9.2020 au 30.4.2021 4  La catégorie de parts (EUR hedged) I-B-acc était en circulation jusqu’au 15.11.2022 |  |  |  |

UBS (Lux) Bond Fund – Global Flexible
Rapport annuel et états financiers révisés au 31 mars 2023
|  | ISIN | 31.3.2023 | 31.3.2022 | 31.3.2021 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Catégorie (GBP hedged) P-dist | LU1991433795 |  |  |  |
| Parts en circulation |  | 43 746.6600 | 48 988.5670 | 50 904.3160 |
| Valeur nette d’inventaire par part en GBP |  | 88.84 | 98.02 | 105.51 |
| Prix d’émission et de rachat par part en GBP 1 |  | 88.84 | 98.02 | 105.51 |
| Catégorie (USD hedged) P-dist | LU2064452977 |  |  |  |
| Parts en circulation |  | 42 058.4930 | 47 284.3700 | 54 043.3930 |
| Valeur nette d’inventaire par part en USD |  | 89.44 | 97.62 | 105.01 |
| Prix d’émission et de rachat par part en USD 1 |  | 89.44 | 97.62 | 105.01 |
| Catégorie (EUR hedged) P-2%-qdist | LU1669358571 |  |  |  |
| Parts en circulation |  | 5 585.9030 | 9 723.4970 | 3 745.5440 |
| Valeur nette d’inventaire par part en EUR |  | 85.21 | 95.32 | 103.78 |
| Prix d’émission et de rachat par part en EUR 1 |  | 85.21 | 95.32 | 103.78 |
| Catégorie Q-acc | LU0415184216 |  |  |  |
| Parts en circulation |  | 14 583.3210 | 14 236.1880 | 18 667.2690 |
| Valeur nette d’inventaire par part en CHF |  | 98.73 | 108.56 | 115.53 |
| Prix d’émission et de rachat par part en CHF 1 |  | 98.73 | 108.56 | 115.53 |
| Catégorie (CAD hedged) Q-acc | LU1467583982 |  |  |  |
| Parts en circulation |  | 34 626.3650 | 40 639.7830 | 54 928.6270 |
| Valeur nette d’inventaire par part en CAD |  | 107.41 | 114.49 | 120.61 |
| Prix d’émission et de rachat par part en CAD 1 |  | 107.41 | 114.49 | 120.61 |
| Catégorie (EUR hedged) Q-acc | LU0487187527 |  |  |  |
| Parts en circulation |  | 8 144.4790 | 9 435.8360 | 96.2830 |
| Valeur nette d’inventaire par part en EUR |  | 87.16 | 95.06 | 100.92 |
| Prix d’émission et de rachat par part en EUR 1 |  | 87.16 | 95.06 | 100.92 |
| Catégorie (GBP hedged) Q-acc | LU1991433878 |  |  |  |
| Parts en circulation |  | 5 983.2530 | 9 796.7250 | 12 962.0710 |
| Valeur nette d’inventaire par part en GBP |  | 95.09 | 102.31 | 107.89 |
| Prix d’émission et de rachat par part en GBP 1 |  | 95.09 | 102.31 | 107.89 |
| Catégorie (USD hedged) Q-acc | LU2064456457 |  |  |  |
| Parts en circulation |  | 60 262.8530 | 65 533.8580 | 73 029.0250 |
| Valeur nette d’inventaire par part en USD |  | 94.87 | 101.00 | 106.34 |
| Prix d’émission et de rachat par part en USD 1 |  | 94.87 | 101.00 | 106.34 |
| Catégorie Q-dist | LU0415184133 |  |  |  |
| Parts en circulation |  | 24 725.9610 | 22 807.9040 | 24 962.8270 |
| Valeur nette d’inventaire par part en CHF |  | 85.32 | 96.42 | 104.88 |
| Prix d’émission et de rachat par part en CHF 1 |  | 85.32 | 96.42 | 104.88 |
| Catégorie (CAD hedged) Q-dist | LU1467589328 |  |  |  |
| Parts en circulation |  | 8 609.0770 | 8 345.8760 | 12 775.5580 |
| Valeur nette d’inventaire par part en CAD |  | 94.18 | 102.64 | 111.41 |
| Prix d’émission et de rachat par part en CAD 1 |  | 94.18 | 102.64 | 111.41 |
| Catégorie (GBP hedged) Q-dist | LU1991433951 |  |  |  |
| Parts en circulation |  | 4 222.4040 | 3 569.6890 | 3 569.6890 |
| Valeur nette d’inventaire par part en GBP |  | 89.95 | 98.57 | 106.07 |
| Prix d’émission et de rachat par part en GBP 1 |  | 89.95 | 98.57 | 106.07 |
| Catégorie (USD hedged) Q-dist | LU2064456614 |  |  |  |
| Parts en circulation |  | 7 805.5000 | 7 515.7770 | 9 200.7770 |
| Valeur nette d’inventaire par part en USD |  | 89.50 | 97.70 | 105.58 |
| Prix d’émission et de rachat par part en USD 1 |  | 89.50 | 97.70 | 105.58 |
| 1  Voir note 1 |  |  |  |  |

UBS (Lux) Bond Fund – Global Flexible Rapport annuel et états financiers révisés au 31 mars 2023
| Performance |  |
| --- | --- |
|  | Devise | 2022/2023 | 2021/2022 | 2020/2021 |
| Catégorie (CAD hedged) F-acc | CAD | -5.9% | -4.8% | 10.6% |
| Catégorie (GBP hedged) F-acc | GBP | -6.7% | -4.9% | 10.5% |
| Catégorie (EUR hedged) I-A1-acc | EUR | -8.1% | -5.6% | - |
| Catégorie (EUR hedged) I-A3-acc | EUR | -8.0% | - | - |
| Catégorie I-B-acc 1 | CHF | - | - | - |
| Catégorie (EUR hedged) I-B-acc 2 | EUR | - | -5.2% | - |
| Catégorie (EUR hedged) I-X-acc | EUR | -7.7% | -5.1% | 9.2% |
| Catégorie P-acc | CHF | -9.5% | -6.5% | 8.7% |
| Catégorie (CAD hedged) P-acc | CAD | -6.7% | -5.6% | 9.6% |
| Catégorie (EUR hedged) P-acc | EUR | -8.8% | -6.3% | 8.9% |
| Catégorie (GBP hedged) P-acc | GBP | -7.6% | -5.7% | 9.5% |
| Catégorie (USD hedged) P-acc | USD | -6.6% | -5.5% | 10.0% |
| Catégorie P-dist | CHF | -9.5% | -6.5% | 8.7% |
| Catégorie (CAD hedged) P-dist | CAD | -6.7% | -5.6% | 9.6% |
| Catégorie (EUR hedged) P-dist | EUR | -8.8% | -6.3% | 8.9% |
| Catégorie (GBP hedged) P-dist | GBP | -7.6% | -5.7% | 9.5% |
| Catégorie (USD hedged) P-dist | USD | -6.6% | -5.5% | 10.0% |
| Catégorie (EUR hedged) P-2%-qdist | EUR | -8.8% | -6.3% | 8.9% |
| Catégorie Q-acc | CHF | -9.1% | -6.0% | 9.3% |
| Catégorie (CAD hedged) Q-acc | CAD | -6.2% | -5.1% | 10.2% |
| Catégorie (EUR hedged) Q-acc | EUR | -8.3% | -5.8% | - |
| Catégorie (GBP hedged) Q-acc | GBP | -7.1% | -5.2% | 10.1% |
| Catégorie (USD hedged) Q-acc | USD | -6.1% | -5.0% | 10.6% |
| Catégorie Q-dist | CHF | -9.1% | -6.0% | 9.3% |
| Catégorie (CAD hedged) Q-dist | CAD | -6.2% | -5.1% | 10.2% |
| Catégorie (GBP hedged) Q-dist | GBP | -7.1% | -5.2% | 10.1% |
| Catégorie (USD hedged) Q-dist | USD | -6.1% | -5.0% | 10.6% |
| Benchmark: 3 Bloomberg Barclays Global Aggregate TR (CAD hedged) | CAD | -4.3% | -3.9% | 1.3% |
| Bloomberg Barclays Global Aggregate TR (CHF hedged) | CHF | -7.3% | -5.0% | 0.2% |
| Bloomberg Barclays Global Aggregate TR (EUR hedged) | EUR | -6.5% | -4.8% | 0.5% |
| Bloomberg Barclays Global Aggregate TR (GBP hedged) | GBP | -5.1% | -4.1% | 1.1% |
| Bloomberg Barclays Global Aggregate TR (USD hedged) | USD | -3.9% | -3.9% | 1.5% |
| La performance historique n’est pas un indicateur de la performance actuelle ou future. |  |  |  |  |

Les données de performance ne tiennent pas compte des commissions et des frais prélevés lors de l’émission et du rachat des parts. Les données de performance ne sont pas auditées.
1 
La catégorie de parts I-B-acc était en circulation pour la période allant du 4.9.2020 au 30.4.2021. Dès lors, aucune donnée n’est disponible pour calculer la performance.
2 
La catégorie de parts (EUR hedged) I-B-acc était en circulation jusqu’au 15.11.2022. Dès lors, aucune donnée n’est disponible pour calculer la performance.
3 
Le compartiment est géré activement. L’indice est un point de référence par rapport auquel le rendement du compartiment peut être mesuré.
UBS (Lux) Bond Fund – Global Flexible
Rapport annuel et états financiers révisés au 31 mars 2023

### Rapport du Gestionnaire de portefeuille
Le marché obligataire mondial a affiché une performance profondément négative sur l’exercice compris entre le 1
er 
avril 2022 et le 31 mars 2023. Au cours de cette période, les rendements des obligations d’État des mar- chés développés ont nettement augmenté, stimulés par le positionnement agressif des banques centrales, qui ont modifié leurs taux directeurs à une cadence imprévue et à des niveaux jamais observés depuis la crise financière. Aux États-Unis, au Royaume-Uni et dans la zone euro, l’IPC global a également atteint des niveaux jamais vus sur les dernières décennies, initialement imputables à la libération de la demande contenue et aux mesures de relance budgétaire, puis exacerbés par la hausse des prix des matières premières due à l’invasion russe en Ukraine. La Réserve fédérale américaine a relevé son taux directeur de 0.50% à 5% à la fin de la période sous revue. Dans le crédit d’entreprise, les écarts se sont élargis en consé- quence du resserrement des conditions financières et des craintes de récession suscités par la politique monétaire plus stricte.
Le compartiment a dégagé une performance négative au cours de l’exercice, compte tenu des fluctuations de marchés sous-jacents susmentionnées. Tous les facteurs, y compris la duration, l’écart et la devise, ont apporté une contribution négative à la performance absolue.

### Structure du portefeuille-titres
Répartition géographique en % de l’actif net	
| Etats-Unis | 33.17 |
| --- | --- |
| Nouvelle-Zélande | 8.98 |
| Japon | 4.44 |
| Luxembourg | 4.25 |
| Grande-Bretagne | 3.87 |
| France | 3.68 |
| Pays-Bas | 3.32 |
| Chine | 2.93 |
| Italie | 2.63 |
| Australie | 2.35 |
| Brésil | 2.32 |
| Slovénie | 1.84 |
| Espagne | 1.75 |
| Allemagne | 1.74 |
| Suisse | 1.22 |
| Canada | 1.14 |
| Mexique | 0.98 |
| Autriche | 0.90 |
| Roumanie | 0.70 |
| Iles Caïmans | 0.65 |
| Turquie | 0.50 |
| Qatar | 0.41 |
| Suède | 0.41 |
| Arabie saoudite | 0.39 |
| Inde | 0.34 |
| Corée du Sud | 0.33 |
| Chili | 0.32 |
| Slovénie | 0.32 |
| Norvège | 0.31 |
| Kazakhstan | 0.26 |
| Pologne | 0.24 |
| Portugal | 0.22 |
| Egypte | 0.22 |
| Colombie | 0.21 |
| Finlande | 0.20 |
| Mongolie | 0.20 |
| Pérou | 0.20 |
| Argentine | 0.18 |
| Bermudes | 0.17 |
| Belgique | 0.13 |
| Fédération russe (CEI) | 0.11 |
| République tchèque | 0.10 |
| Irlande | 0.10 |
| Equateur | 0.10 |
| Thaïlande | 0.08 |
| Indonésie | 0.07 |
| Danemark | 0.05 |
| Jersey | 0.05 |
| Total | 89.08 |

Répartition économique en % de l’actif net	
| Gouvernements nationaux et centraux | 33.02 |
| --- | --- |
| Emetteurs d’obligations sécurisées (Pfandbriefe) et |  |
| sociétés de refinancement | 17.96 |
| Banques & instituts de crédit | 11.06 |
| Etablissements financiers et sociétés de participation | 6.37 |
| Distribution d’énergie & d’eau | 2.55 |
| Fonds de placement | 2.54 |
| Télécommunications | 1.70 |
| Pétrole | 1.62 |
| Trafic et transport | 1.59 |
| Assurances | 1.40 |
| Internet, logiciels et services informatiques | 1.08 |
| Diverses sociétés non classées | 1.06 |
| Organisations supranationales | 1.05 |
| Chimie | 1.01 |
| Immobilier | 0.86 |
| Services divers | 0.50 |
| Commerce de détail, centres commerciaux | 0.49 |
| Produits pharmaceutiques, cosmétiques & médicaux | 0.48 |
| Soins de santé & services sociaux | 0.47 |
| Tabac et boissons alcoolisées | 0.46 |
| Equipement informatique et de réseau | 0.32 |
| Bâtiment et matériaux de construction | 0.32 |
| Appareils et composants électriques | 0.30 |
| Industrie minière, charbon et acier | 0.29 |
| Machines et appareils | 0.17 |
| Electronique et semi-conducteurs | 0.14 |
| Véhicules | 0.12 |
| Industrie graphique, édition et médias | 0.08 |
| Industrie de conditionnement | 0.07 |
| Total | 89.08 |

UBS (Lux) Bond Fund – Global Flexible Rapport annuel et états financiers révisés au 31 mars 2023

### Etat des actifs nets
Actif	31.3.2023
CHF
Portefeuille-titres, cours d’achat	238 193 091.16
Portefeuille-titres, plus- (moins-) value non-réalisée	47 542 745.59
Total portefeuille-titres (note 1)	190 650 345.57
Avoirs en banque, dépôts à vue et à terme	15 572 077.68 *
Autres liquidités (marges)	8 194 434.93
A recevoir sur ventes de titres (note 1)	924 539.10
A recevoir sur souscriptions	27 210.69
Intérêts à recevoir sur titres	1 718 550.83
Frais payés d’avance	77 183.81
Bénéfice non réalisé sur titres adossés à des hypothèques TBA (note 1)	17 256.06
Bénéfice non réalisé sur contrats de change à terme (note 1)	1 552 302.29
Perte non réalisée sur swaps (note 1)	-383 306.84
Perte non réalisée sur contrats financiers à terme (note 1)	-174 513.27
Crédit en compte courant	-2 303 427.38
A payer sur achats de titres (note 1)	-1 488 859.33
A payer sur rachats	-96 639.29
Provisions pour commission de gestion forfaitaire (note 2)	-176 675.96
Provisions pour taxe d’abonnement (note 3)	-21 847.77
Provisions pour autres commissions et frais (note 2)		-77 919.24		 Total des Provisions pour frais			-276 442.97
Actifs nets à la fin de l’exercice	214 010 711.88

### Etat des opérations
Revenus	1.4.2022-31.3.2023
CHF
Revenus d’intérêts sur liquidités	353 250.09
Intérêts sur titres	7 870 813.76
Dividendes	286 767.78
Revenus d’intérêts sur swaps (note 1)	8 876 192.64
Revenus nets sur prêts de titres (note 14)	102 374.64
Total des Revenus	17 629 918.25
Charges
Autres revenus	140 519.34
Charges d’intérêts sur swaps (note 1)	-9 489 069.83
Commission de gestion forfaitaire (note 2)	-2 313 650.23
Taxe d’abonnement (note 3)	-94 857.26
Autres commissions et frais (note 2)	-80 469.77
Revenus (Pertes) net(te)s des investissements	5 509 272.55
Total des Charges	-12 120 645.70
Charges d’intérêts sur liquidités et crédit en compte courant	-142 598.61
Bénéfices (pertes) réalisé(e)s (note 1)
Bénéfice (perte) réalisé(e) sur titres évalués à la valeur de marché hors options	-27 382 439.86 Bénéfice (perte) réalisé(e) sur options		77 951.23
Bénéfice (perte) réalisé(e) sur instruments du marché monétaire et titres évalués en fonction des rendements	-5 753.45
Bénéfice (perte) réalisé(e) sur contrats financiers à terme	-4 874.41
Bénéfice (perte) réalisé(e) sur contrats de change à terme	-15 933 449.77
Bénéfice (perte) réalisé(e) sur swaps	3 968 338.93
Total des Bénéfices (pertes) réalisé(e)s	-31 091 771.70
Bénéfice (perte) net(te) réalisé(e) au cours de l’exercice	-25 582 499.15
Variations des plus- (moins-) values non-réalisées (note 1)
Bénéfice (perte) réalisé(e) de change réalisé(e)	8 188 455.63
Plus- (Moins-) value non réalisée sur titres évalués à la valeur de marché hors options	-9 430 967.32
Plus- (Moins-) value non réalisée sur options	-61 718.13
Plus- (Moins-) value non réalisée sur instruments du marché monétaire et titres évalués en fonction des rendements	12 257.41
Plus- (Moins-) value non réalisée sur titres adossés à des hypothèques TBA	211 586.95
Plus- (Moins-) value non réalisée sur contrats financiers à terme	416 732.56
Plus- (Moins-) value non réalisée sur contrats de change à terme	1 300 047.62
Total des Variations des plus- (moins-) values non-réalisées	-10 589 902.17
Augmentation/(diminution) nette de l’actif net issue de l’activité	-36 172 401.32
Plus- (Moins-) value non réalisée sur swaps	-3 037 841.26
* Au 31 mars 2023, des avoirs en banque ont été utilisés à titre de garantie, à hauteur de 27 954.63 CHF en faveur de Bank of America et à hauteur de 392 455.14 CHF en faveur de JP Morgan.
UBS (Lux) Bond Fund – Global Flexible
Rapport annuel et états financiers révisés au 31 mars 2023
| Variations de l’actif net |  |
| --- | --- |
|  | CHF |
|  | 1.4.2022-31.3.2023 |
| Actif net au début de l’exercice | 337 498 166.88 |
| Souscriptions | 33 751 750.17 |
| Rachats | 	-120 181 903.35	 |
| Souscriptions (Rachats) net(te)s | -86 430 153.18 |
| Dividendes versés | -884 900.50 |
| Revenus (Pertes) net(te)s des investissements | 5 509 272.55 |
| Total des Bénéfices (pertes) réalisé(e)s | -31 091 771.70 |
| Total des Variations des plus- (moins-) values non-réalisées | 	-10 589 902.17	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | -36 172 401.32 |
| Actifs nets à la fin de l’exercice | 214 010 711.88 |
| Evolution des parts en circulation |  |
|  | 1.4.2022-31.3.2023 |
| Catégorie | (CAD hedged) F-acc |
| Nombre de parts en circulation au début de l’exercice | 25 565.0000 |
| Nombre de parts émises | 410.0000 |
| Nombre de parts rachetées | -1 410.0000 |
| Nombre de parts en circulation à la fin de l’exercice | 24 565.0000 |
| Catégorie | (GBP hedged) F-acc |
| Nombre de parts en circulation au début de l’exercice | 6 354.8690 |
| Nombre de parts émises | 49 932.0000 |
| Nombre de parts rachetées | -25 795.0000 |
| Nombre de parts en circulation à la fin de l’exercice | 30 491.8690 |
| Catégorie | (EUR hedged) I-A1-acc |
| Nombre de parts en circulation au début de l’exercice | 100.7250 |
| Nombre de parts émises | 0.0000 |
| Nombre de parts rachetées | 0.0000 |
| Nombre de parts en circulation à la fin de l’exercice | 100.7250 |
| Catégorie | (EUR hedged) I-A3-acc |
| Nombre de parts en circulation au début de l’exercice | 445 000.0000 |
| Nombre de parts émises | 248 965.6860 |
| Nombre de parts rachetées | -248 965.6860 |
| Nombre de parts en circulation à la fin de l’exercice | 445 000.0000 |
| Catégorie | (EUR hedged) I-B-acc |
| Nombre de parts en circulation au début de l’exercice | 772 402.3160 |
| Nombre de parts émises | 0.0000 |
| Nombre de parts rachetées | -772 402.3160 |
| Nombre de parts en circulation à la fin de l’exercice | 0.0000 |
| Catégorie | (EUR hedged) I-X-acc |
| Nombre de parts en circulation au début de l’exercice | 36 926.3980 |
| Nombre de parts émises | 0.0000 |
| Nombre de parts rachetées | -29 540.9730 |
| Nombre de parts en circulation à la fin de l’exercice | 7 385.4250 |
| Catégorie | P-acc |
| Nombre de parts en circulation au début de l’exercice | 37 955.2360 |
| Nombre de parts émises | 811.7390 |
| Nombre de parts rachetées | -5 331.8940 |
| Nombre de parts en circulation à la fin de l’exercice | 33 435.0810 |
| Catégorie | (CAD hedged) P-acc |
| Nombre de parts en circulation au début de l’exercice | 405 760.3080 |
| Nombre de parts émises | 583.6780 |
| Nombre de parts rachetées | -51 087.5410 |
| Nombre de parts en circulation à la fin de l’exercice | 355 256.4450 |
| Catégorie | (EUR hedged) P-acc |
| Nombre de parts en circulation au début de l’exercice | 298 019.3830 |
| Nombre de parts émises | 34 826.7840 |
| Nombre de parts rachetées | -52 919.4320 |
| Nombre de parts en circulation à la fin de l’exercice | 279 926.7350 |
| Catégorie | (GBP hedged) P-acc |
| Nombre de parts en circulation au début de l’exercice | 124 201.7200 |
| Nombre de parts émises | 2 264.1280 |
| Nombre de parts rachetées | -18 425.4280 |
| Nombre de parts en circulation à la fin de l’exercice | 108 040.4200 |
| Catégorie | (USD hedged) P-acc |
| Nombre de parts en circulation au début de l’exercice | 360 252.7040 |
| Nombre de parts émises | 2 110.5640 |
| Nombre de parts rachetées | -20 822.8900 |
| Nombre de parts en circulation à la fin de l’exercice | 341 540.3780 |
| Catégorie | P-dist |
| Nombre de parts en circulation au début de l’exercice | 37 963.3350 |
| Nombre de parts émises | 715.6040 |
| Nombre de parts rachetées | -6 330.3350 |
| Nombre de parts en circulation à la fin de l’exercice | 32 348.6040 |

UBS (Lux) Bond Fund – Global Flexible Rapport annuel et états financiers révisés au 31 mars 2023
| Catégorie | (CAD hedged) P-dist |
| --- | --- |
| Nombre de parts en circulation au début de l’exercice | 109 311.6990 |
| Nombre de parts émises | 159.6770 |
| Nombre de parts rachetées | -7 471.1770 |
| Nombre de parts en circulation à la fin de l’exercice | 102 000.1990 |
| Catégorie | (EUR hedged) P-dist |
| Nombre de parts en circulation au début de l’exercice | 65 050.2680 |
| Nombre de parts émises | 8 599.1710 |
| Nombre de parts rachetées | -10 689.6420 |
| Nombre de parts en circulation à la fin de l’exercice | 62 959.7970 |
| Catégorie | (GBP hedged) P-dist |
| Nombre de parts en circulation au début de l’exercice | 48 988.5670 |
| Nombre de parts émises | 169.6860 |
| Nombre de parts rachetées | -5 411.5930 |
| Nombre de parts en circulation à la fin de l’exercice | 43 746.6600 |
| Catégorie | (USD hedged) P-dist |
| Nombre de parts en circulation au début de l’exercice | 47 284.3700 |
| Nombre de parts émises | 434.5350 |
| Nombre de parts rachetées | -5 660.4120 |
| Nombre de parts en circulation à la fin de l’exercice | 42 058.4930 |
| Catégorie | (EUR hedged) P-2%-qdist |
| Nombre de parts en circulation au début de l’exercice | 9 723.4970 |
| Nombre de parts émises | 616.4240 |
| Nombre de parts rachetées | -4 754.0180 |
| Nombre de parts en circulation à la fin de l’exercice | 5 585.9030 |
| Catégorie | Q-acc |
| Nombre de parts en circulation au début de l’exercice | 14 236.1880 |
| Nombre de parts émises | 822.2260 |
| Nombre de parts rachetées | -475.0930 |
| Nombre de parts en circulation à la fin de l’exercice | 14 583.3210 |
| Catégorie | (CAD hedged) Q-acc |
| Nombre de parts en circulation au début de l’exercice | 40 639.7830 |
| Nombre de parts émises | 255.0000 |
| Nombre de parts rachetées | -6 268.4180 |
| Nombre de parts en circulation à la fin de l’exercice | 34 626.3650 |
| Catégorie | (EUR hedged) Q-acc |
| Nombre de parts en circulation au début de l’exercice | 9 435.8360 |
| Nombre de parts émises | 666.9920 |
| Nombre de parts rachetées | -1 958.3490 |
| Nombre de parts en circulation à la fin de l’exercice | 8 144.4790 |
| Catégorie | (GBP hedged) Q-acc |
| Nombre de parts en circulation au début de l’exercice | 9 796.7250 |
| Nombre de parts émises | 375.0000 |
| Nombre de parts rachetées | -4 188.4720 |
| Nombre de parts en circulation à la fin de l’exercice | 5 983.2530 |
| Catégorie | (USD hedged) Q-acc |
| Nombre de parts en circulation au début de l’exercice | 65 533.8580 |
| Nombre de parts émises | 1 798.6650 |
| Nombre de parts rachetées | -7 069.6700 |
| Nombre de parts en circulation à la fin de l’exercice | 60 262.8530 |
| Catégorie | Q-dist |
| Nombre de parts en circulation au début de l’exercice | 22 807.9040 |
| Nombre de parts émises | 9 377.0000 |
| Nombre de parts rachetées | -7 458.9430 |
| Nombre de parts en circulation à la fin de l’exercice | 24 725.9610 |
| Catégorie | (CAD hedged) Q-dist |
| Nombre de parts en circulation au début de l’exercice | 8 345.8760 |
| Nombre de parts émises | 718.1630 |
| Nombre de parts rachetées | -454.9620 |
| Nombre de parts en circulation à la fin de l’exercice | 8 609.0770 |
| Catégorie | (GBP hedged) Q-dist |
| Nombre de parts en circulation au début de l’exercice | 3 569.6890 |
| Nombre de parts émises | 1 301.1450 |
| Nombre de parts rachetées | -648.4300 |
| Nombre de parts en circulation à la fin de l’exercice | 4 222.4040 |
| Catégorie | (USD hedged) Q-dist |
| Nombre de parts en circulation au début de l’exercice | 7 515.7770 |
| Nombre de parts émises | 720.9660 |
| Nombre de parts rachetées | -431.2430 |
| Nombre de parts en circulation à la fin de l’exercice | 7 805.5000 |

UBS (Lux) Bond Fund – Global Flexible
Rapport annuel et états financiers révisés au 31 mars 2023
| Distribution annuelle 1 |  |
| --- | --- |
| UBS (Lux) Bond Fund |  |  |  |  |
| – Global Flexible | Date de détachement | Date de versement | Devise | Montant par part |
| P-dist | 1.6.2022 | 7.6.2022 | CHF | 8.44 |
| (CAD hedged) P-dist | 1.6.2022 | 7.6.2022 | CAD | 1.80 |
| (EUR hedged) P-dist | 1.6.2022 | 7.6.2022 | EUR | 1.99 |
| (GBP hedged) P-dist | 1.6.2022 | 7.6.2022 | GBP | 1.86 |
| (USD hedged) P-dist | 1.6.2022 | 7.6.2022 | USD | 1.83 |
| Q-dist | 1.6.2022 | 7.6.2022 | CHF | 2.52 |
| (CAD hedged) Q-dist | 1.6.2022 | 7.6.2022 | CAD | 2.18 |
| (GBP hedged) Q-dist | 1.6.2022 | 7.6.2022 | GBP | 1.74 |
| (USD hedged) Q-dist | 1.6.2022 | 7.6.2022 | USD | 2.34 |

| Distribution trimestrielle 1 |  |
| --- | --- |
| UBS (Lux) Bond Fund – Global Flexible | Date de détachement | Date de versement | Devise | Montant par part |
| (EUR hedged) P-2%-qdist | 11.4.2022 | 14.4.2022 | EUR | 0.47 |
| (EUR hedged) P-2%-qdist | 11.7.2022 | 14.7.2022 | EUR | 0.44 |
| (EUR hedged) P-2%-qdist | 10.10.2022 | 13.10.2022 | EUR | 0.42 |
| (EUR hedged) P-2%-qdist | 10.1.2023 | 13.1.2023 | EUR | 0.42 |
| 1  Voir note 4 |  |  |  |  |

UBS (Lux) Bond Fund – Global Flexible Rapport annuel et états financiers révisés au 31 mars 2023

### Etat du portefeuille-titres et autres actifs nets au 31 mars 2023
| Dénomination | Nombre/ | Evaluation en CHF | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l'actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
| Titres et instruments du marché monétaire négociés sur une bourse officielle |  |  |  |
| Billets, taux fixe |  |  |  |
| BRL |  |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 10.00000% 16-01.01.27 | 3 500.00 | 592 052.55 | 0.28 |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 10.00000% 20-01.01.31 | 25 000.00 | 3 940 738.44 | 1.84 |
| Total BRL |  | 4 532 790.99 | 2.12 |
| CAD |  |  |  |
| CAD	AUSTRIA, REPUBLIC OF-144A 5.37500% 04-01.12.34 | 2 500 000.00 | 1 918 752.01 | 0.90 |
| Total CAD |  | 1 918 752.01 | 0.90 |
| EUR |  |  |  |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 8.00000% 19-15.05.27 | 410 000.00 | 303 144.40 | 0.14 |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 500 000.00 | 437 644.59 | 0.20 |
| EUR	BACARDI LTD-REG-S 2.75000% 13-03.07.23 | 100 000.00 | 98 758.36 | 0.05 |
| EUR	BP CAPITAL MARKETS BV-REG-S 0.93300% 20-04.12.40 | 225 000.00 | 133 000.42 | 0.06 |
| EUR	CELANESE US HOLDINGS LLC 4.77700% 22-19.07.26 | 200 000.00 | 195 061.01 | 0.09 |
| EUR	CHINA, PEOPLE’S REPUBLIC OF-REG-S 1.00000% 19-12.11.39 | 785 000.00 | 534 339.30 | 0.25 |
| EUR	GTC AURORA LUXEMBOURG SA-REG-S 2.25000% 21-23.06.26 | 520 000.00 | 405 246.05 | 0.19 |
| EUR	HEIDELBERGCEMENT AG-REG-S 3.75000% 23-31.05.32 | 730 000.00 | 677 869.12 | 0.32 |
| EUR	HOLDING D’INFRAS DES METIERS-REG-S 4.50000% 23-06.04.27 | 440 000.00 | 435 170.02 | 0.20 |
| EUR	MACIF-REG-S-SUB 0.62500% 21-21.06.27 | 400 000.00 | 336 510.86 | 0.16 |
| EUR	TRITAX EUROBOX PLC-REG-S 0.95000% 21-02.06.26 | 290 000.00 | 240 074.53 | 0.11 |
| EUR	VERISURE MIDHOLDING AB-REG-S 5.25000% 21-15.02.29 | 215 000.00 | 177 124.87 | 0.08 |
| Total EUR |  | 3 973 943.53 | 1.85 |
| GBP |  |  |  |
| GBP	BROADGATE FINANCING PLC 4.82100% 05-05.07.33 | 100 000.00 | 109 738.66 | 0.05 |
| GBP	BUPA FINANCE PLC-REG-S 1.75000% 20-14.06.27 | 250 000.00 | 243 750.34 | 0.12 |
| Total GBP |  | 353 489.00 | 0.17 |
| USD |  |  |  |
| USD	AERCAP IRELAND CAP/ GLBL AVIATION TRUST 6.50000% 20-15.07.25 | 200 000.00 | 184 030.85 | 0.09 |
| USD	ALBEMARLE CORPORATION 5.45000% 14-01.12.44 | 85 000.00 | 73 422.31 | 0.03 |
| USD	ALTRIA GROUP INC 4.80000% 19-14.02.29 | 10 000.00 | 9 062.75 | 0.00 |
| USD	AMGEN INC 5.25000% 23-02.03.30 | 90 000.00 | 84 092.62 | 0.04 |
| USD	AMGEN INC 5.25000% 23-02.03.33 | 250 000.00 | 234 645.10 | 0.11 |
| USD	AMGEN INC 5.75000% 23-02.03.63 | 165 000.00 | 156 408.63 | 0.07 |
| USD	ANHEUSER-BUSCH COS 3.65000% 19-01.02.26 | 60 000.00 | 53 799.67 | 0.03 |
| USD	APT PIPELINES LTD-REG-S 4.20000% 15-23.03.25 | 590 000.00 | 526 366.50 | 0.25 |
| USD	ARCELORMITTAL SA 6.80000% 22-29.11.32 | 400 000.00 | 383 312.38 | 0.18 |
| USD	ARGENTINA, REPUBLIC OF STEP-UP 20-09.07.35 | 552 900.00 | 130 063.71 | 0.06 |
| USD	ARGENTINA, REPUBLIC OF STEP-UP 20-09.01.38 | 140 203.00 | 39 569.48 | 0.02 |
| USD	ARGENTINA, REPUBLIC OF 1.00000% 20-09.07.29 | 32 880.00 | 8 275.34 | 0.00 |
| USD	AT&T INC 4.35000% 19-01.03.29 | 350 000.00 | 313 043.34 | 0.15 |
| USD	AT&T INC 4.75000% 15-15.05.46 | 290 000.00 | 239 264.06 | 0.11 |
| USD	BAT CAPITAL CORP 3.22200% 18-15.08.24 | 500 000.00 | 442 971.29 | 0.21 |
| USD	CELANESE US HOLDINGS LLC 6.05000% 22-15.03.25 | 450 000.00 | 413 457.09 | 0.19 |
| USD	CELANESE US HOLDINGS LLC 6.16500% 22-15.07.27 | 350 000.00 | 321 566.41 | 0.15 |
| USD	CELANESE US HOLDINGS LLC 5.90000% 22-05.07.24 | 470 000.00 | 429 530.57 | 0.20 |
| USD	CHILE, REPUBLIC OF 3.86000% 17-21.06.47 | 685 000.00 | 510 716.13 | 0.24 |
| USD	CORP NACIONAL DEL COBRE DE CHILE-REG-S 3.62500% 17-01.08.27 | 200 000.00 | 172 352.63 | 0.08 |
| USD	CVS HEALTH CORP 5.12500% 15-20.07.45 | 315 000.00 | 272 994.31 | 0.13 |
| USD	DISCOVERY COMMUNICATIONS LLC 5.30000% 19-15.05.49 | 240 000.00 | 182 836.27 | 0.09 |
| USD	ECUADOR GOVT INTERNATIONAL BD-REG-S STEP-UP/DOWN 20-31.07.35 | 331 851.00 | 100 289.94 | 0.05 |
| USD	ECUADOR, REPUBLIC OF-REG-S STEP-UP 0.50000% 20-31.07.30 | 126 630.00 | 53 525.00 | 0.02 |
| USD	ECUADOR, REPUBLIC OF-REG-S STEP-UP 20-31.07.40 | 152 090.00 | 41 534.92 | 0.02 |
| USD	ELEVANCE HEALTH INC 4.75000% 23-15.02.33 | 600 000.00 | 550 882.45 | 0.26 |
| USD	ENBRIDGE INC 5.70000% 23-08.03.33 | 90 000.00 | 85 520.11 | 0.04 |
| USD	ENERGY TRANSFER LP 6.05000% 11-01.06.41 | 350 000.00 | 322 848.38 | 0.15 |
| USD	EQT CORP 3.90000% 17-01.10.27 | 400 000.00 | 343 465.57 | 0.16 |
| USD	FISERV INC 3.20000% 19-01.07.26 | 270 000.00 | 234 117.49 | 0.11 |
| USD	FLOWSERVE CORP 3.50000% 20-01.10.30 | 450 000.00 | 355 514.55 | 0.17 |
| USD	GENERAL MOTORS CO 6.12500% 20-01.10.25 | 275 000.00 | 255 969.68 | 0.12 |
| USD	GENERAL MOTORS FINANCIAL CO 4.35000% 18-09.04.25 | 240 000.00 | 214 677.40 | 0.10 |
| USD	GEORGIA POWER CO 2.10000% 20-30.07.23 | 165 000.00 | 149 080.79 | 0.07 |
| USD	GOLDMAN SACHS GROUP INC 3.50000% 20-01.04.25 | 550 000.00 | 487 882.92 | 0.23 |
| USD	HOME DEPOT INC/THE 4.50000% 22-15.09.32 | 200 000.00 | 184 025.27 | 0.09 |
| USD	IMPERIAL BRANDS FINANCE PLC-REG-S 3.12500% 19-26.07.24 | 750 000.00 | 663 640.34 | 0.31 |
| USD	INTEL CORP 5.20000% 23-10.02.33 | 150 000.00 | 139 566.37 | 0.07 |
| USD	INTEL CORP 5.70000% 23-10.02.53 | 165 000.00 | 153 840.11 | 0.07 |
| USD	KOREA NATIONAL OIL CORP-REG-S 4.75000% 23-03.04.26 | 200 000.00 | 181 443.82 | 0.08 |
| USD	KOREA NATIONAL OIL CORP-REG-S 3.37500% 17-27.03.27 | 600 000.00 | 520 345.29 | 0.24 |
| USD	LLOYDS BANKING GROUP PLC 4.45000% 18-08.05.25 | 200 000.00 | 177 702.80 | 0.08 |
| USD	MARSH & MCLENNAN COS INC 5.45000% 23-15.03.53 | 180 000.00 | 169 347.44 | 0.08 |
| USD	MEITUAN DIANPING-REG-S 3.05000% 20-28.10.30 | 1 150 000.00 | 838 351.82 | 0.39 |
| USD	MEXICHEM SAB DE CV-REG-S 5.50000% 17-15.01.48 | 200 000.00 | 148 714.52 | 0.07 |
| USD	NISOURCE INC 5.25000% 23-30.03.28 | 30 000.00 | 27 879.02 | 0.01 |
| USD	ORACLE CORP 2.50000% 20-01.04.25 | 150 000.00 | 131 211.65 | 0.06 |
| USD	ORACLE CORP 5.55000% 23-06.02.53 | 130 000.00 | 113 065.85 | 0.05 |
| USD	ORACLE CORP 6.15000% 22-09.11.29 | 700 000.00 | 681 133.30 | 0.32 |
| USD	PEGASUS HAVA TASIMACILIGI AS-REG-S 9.25000% 21-30.04.26 | 345 000.00 | 316 021.78 | 0.15 |
| USD	PHILIP MORRIS INTERNATIONAL INC 5.62500% 22-17.11.29 | 280 000.00 | 267 270.24 | 0.12 |
| USD	QATAR, STATE OF-REG-S 5.10300% 18-23.04.48 | 950 000.00 | 880 890.59 | 0.41 |
| USD	RAKUTEN GROUP INC-REG-S 10.25000% 22-30.11.24 | 810 000.00 | 702 976.73 | 0.33 |
| USD	RELIANCE INDUSTRIES LTD-REG-S 3.62500% 22-12.01.52 | 1 155 000.00 | 718 937.18 | 0.34 |
| USD	REYNOLDS AMERICAN INC 5.70000% 15-15.08.35 | 330 000.00 | 285 016.76 | 0.13 |
| USD	SANTOS FINANCE LTD-REG-S 3.64900% 21-29.04.31 | 520 000.00 | 396 991.10 | 0.19 |
| USD	SGSP AUSTRALIA ASSETS PTY LTD-REG-S 3.25000% 16-29.07.26 | 200 000.00 | 172 088.94 | 0.08 |
| USD	SHIMAO PRPTY HLDG LTD-REG-S *DEFAULTED* 3.45000% 21-11.01.31 | 210 000.00 | 26 378.76 | 0.01 |

UBS (Lux) Bond Fund – Global Flexible
Rapport annuel et états financiers révisés au 31 mars 2023
|  | Dénomination | Nombre/ | Evaluation en CHF | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l'actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
|  |  |  |  |  |
| USD | SHIMAO PRPTY HLDG LTD-REG-S *DEFAULTED* 5.20000% 21-16.01.27 | 250 000.00 | 31 974.25 | 0.01 |
| USD | SUNAC CHINA HOLDINGS-REG-S *DEFAULTED* 7.00000% 20-09.07.25 | 260 000.00 | 57 086.28 | 0.03 |
| USD | TURKEY,REPUBLIC OF 9.37500% 23-19.01.33 | 805 000.00 | 748 277.38 | 0.35 |
| USD | VEB FINANCE PLC-REG-S LPN 5.94200% 13-21.11.23 | 400 000.00 | 27 501.51 | 0.01 |
| USD | VERIZON COMMUNICATIONS INC 2.10000% 21-22.03.28 | 855 000.00 | 695 807.27 | 0.32 |
| USD | VIACOMCBS INC 4.75000% 20-15.05.25 | 267 000.00 | 240 907.38 | 0.11 |
| USD | VIRGINIA ELECTRIC & POWER CO 4.00000% 16-15.11.46 | 85 000.00 | 63 418.56 | 0.03 |
| USD | VIRGINIA ELECTRIC & POWER CO 3.80000% 18-01.04.28 | 50 000.00 | 44 250.75 | 0.02 |
| USD | VISTRA OPERATIONS CO LLC-144A 5.12500% 22-13.05.25 | 435 000.00 | 387 270.83 | 0.18 |
| USD | VMWARE INC 1.00000% 21-15.08.24 | 260 000.00 | 224 162.82 | 0.10 |
| USD | WARNERMEDIA HOLDINGS INC 6.41200% 23-15.03.26 | 530 000.00 | 486 626.02 | 0.23 |
| USD | WESTPAC BANKING CORP-SUB 4.42100% 19-24.07.39 | 185 000.00 | 141 588.56 | 0.07 |
| USD | XL GROUP LTD 5.25000% 13-15.12.43 | 200 000.00 | 186 577.97 | 0.09 |
| USD | YPF SA-REG-S 6.95000% 17-21.07.27 | 160 000.00 | 106 753.80 | 0.05 |
| USD | YPF SA-REG-S 7.00000% 17-15.12.47 | 180 000.00 | 102 774.37 | 0.05 |
| Total USD |  |  | 19 818 908.07 | 9.26 |
| Total des Billets, taux fixe |  | 30 597 883.60 | 14.30 |
| Billets, coupon zéro |  |  |  |
| USD |  |  |  |
| USD	ECUADOR, REPUBLIC OF-REG-S 0.00000% 20-31.07.30 | 43 462.00 | 11 769.97 | 0.01 |
| Total USD |  | 11 769.97 | 0.01 |
| Total des Billets, coupon zéro |  | 11 769.97 | 0.01 |
| Billets, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	BPCE SA-REG-S-SUB 1.500%/VAR 21-13.01.42 | 400 000.00 | 336 736.42 | 0.16 |
| EUR	BRITISH AMERICAN TOBACCO PLC-REG-S -SUB 3.750%/VAR 21-PRP | 500 000.00 | 367 979.16 | 0.17 |
| EUR	CREDIT SUISSE GROUP-REG-S 2.125%/VAR 22-13.10.26 | 745 000.00 | 671 602.57 | 0.31 |
| EUR	CREDIT SUISSE GROUP-REG-S 2.875%/VAR 22-02.04.32 | 460 000.00 | 377 946.72 | 0.18 |
| EUR	ENI SPA-REG-S-SUB 3.375%/VAR 20-PRP | 110 000.00 | 90 704.35 | 0.04 |
| EUR	RAKUTEN GROUP INC-REG-S-SUB 4.250%VAR 21-PRP | 300 000.00 | 153 010.36 | 0.07 |
| EUR	VIRGIN MONEY UK PLC-REG-S 4.625%/VAR 23-29.10.28 | 535 000.00 | 505 612.31 | 0.24 |
| EUR	WINTERSHALL DEA FINANCE 2BV-REG-S-SUB 2.498%/VAR 21-PRP | 500 000.00 | 415 744.49 | 0.19 |
| EUR	WINTERSHALL DEA FINANCE 2BV-REG-S-SUB 3.000%/VAR 21-PRP | 500 000.00 | 365 994.11 | 0.17 |
| Total EUR |  | 3 285 330.49 | 1.53 |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 5.015%/VAR 22-22.07.33 | 900 000.00 | 813 091.20 | 0.38 |
| USD	DEUTSCHE BANK AG/NEW YORK NY 2.222%/VAR 20-18.09.24 | 150 000.00 | 133 250.32 | 0.06 |
| USD	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.625%/VAR 14-PRP | 150 000.00 | 132 102.85 | 0.06 |
| USD	JPMORGAN CHASE & CO-SUB 2.956%/VAR 20-13.05.31 | 385 000.00 | 304 028.00 | 0.14 |
| USD	MORGAN STANLEY 5.123%/VAR 23-01.02.29 | 475 000.00 | 437 383.51 | 0.21 |
| USD	PRUDENTIAL FUNDING PLC-REG-S-SUB 2.950%/VAR 21-03.11.33 | 975 000.00 | 737 063.56 | 0.35 |
| USD	SANTANDER HOLDINGS USA INC 6.499%/VAR 23-09.03.29 | 350 000.00 | 319 447.69 | 0.15 |
| USD	SOCIETE GENERALE SA-REG-S-SUB 9.375%/VAR 22-PRP | 500 000.00 | 432 223.34 | 0.20 |
| USD	VODAFONE GROUP PLC-SUB 3.250%/VAR 21-04.06.81 | 340 000.00 | 263 250.53 | 0.12 |
| Total USD |  | 3 571 841.00 | 1.67 |
| Total des Billets, taux variable |  | 6 857 171.49 | 3.20 |
| Medium-Term Notes, taux fixe |  |  |  |
| AUD |  |  |  |
| AUD	AURIZON NETWORK PTY LTD-REG-S 4.00000% 17-21.06.24 | 80 000.00 | 48 644.04 | 0.02 |
| Total AUD |  | 48 644.04 | 0.02 |
| CAD |  |  |  |
| CAD	NEDERLANDSE WATERSCHAPSBANK NV 5.20000% 05-31.03.25 | 2 000 000.00 | 1 384 833.39 | 0.65 |
| Total CAD |  | 1 384 833.39 | 0.65 |
| EUR |  |  |  |
| EUR	ABN AMRO BANK NV-REG-S 1.25000% 18-10.01.33 | 400 000.00 | 333 191.11 | 0.16 |
| EUR	AEROPORTI DI ROMA SPA-REG-S 1.75000% 21-30.07.31 | 295 000.00 | 234 981.32 | 0.11 |
| EUR	AKELIUS RESIDENTIAL PROPERTY AB-REG-S 1.75000% 17-07.02.25 | 200 000.00 | 184 740.61 | 0.09 |
| EUR	AROUNDTOWN SA-REG-S 2.00000% 18-02.11.26 | 100 000.00 | 75 973.33 | 0.04 |
| EUR	ASTRAZENECA PLC-REG-S 0.37500% 21-03.06.29 | 250 000.00 | 206 801.31 | 0.10 |
| EUR	BANQUE FEDER DU CRE MUTUEL SA-REG-S-SUB 5.12500% 23-13.01.33 | 300 000.00 | 299 244.33 | 0.14 |
| EUR	BPCE SA-REG-S 4.50000% 23-13.01.33 | 1 000 000.00 | 993 214.72 | 0.46 |
| EUR	CANAL DE ISABEL II GESTION SA-REG-S 1.68000% 15-26.02.25 | 200 000.00 | 190 942.36 | 0.09 |
| EUR	CEZ AS-REG-S 2.37500% 22-06.04.27 | 235 000.00 | 214 402.28 | 0.10 |
| EUR	COOPERATIEVE RABOBANK UA-REG-S 4.00000% 23-10.01.30 | 800 000.00 | 796 876.42 | 0.37 |
| EUR	CPI PROPERTY GROUP SA-REG-S 2.75000% 20-12.05.26 | 210 000.00 | 165 504.27 | 0.08 |
| EUR	CREDIT SUISSE SCHWEIZ AG-REG-S 3.39000% 22-05.12.25 | 1 000 000.00 | 973 166.18 | 0.45 |
| EUR	CTP NV-REG-S 0.87500% 22-20.01.26 | 1 000 000.00 | 826 859.85 | 0.39 |
| EUR	DANSKE BANK AS-REG-S-SUB 1.50000% 20-02.09.30 | 130 000.00 | 117 261.03 | 0.05 |
| EUR	DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 295 000.00 | 286 661.22 | 0.13 |
| EUR	ELECTRICITE DE FRANCE-REG-S 2.00000% 19-09.12.49 | 100 000.00 | 59 860.26 | 0.03 |
| EUR	ELECTRICITE DE FRANCE-REG-S 4.62500% 23-25.01.43 | 700 000.00 | 655 473.76 | 0.31 |
| EUR	ELENIA VERKKO OYJ-REG-S 0.37500% 20-06.02.27 | 105 000.00 | 90 918.21 | 0.04 |
| EUR	ENBW INTERNATIONAL FINANCE BV-REG-S 4.04900% 22-22.11.29 | 245 000.00 | 247 520.23 | 0.12 |
| EUR	EUROPEAN FINANCIAL STABILITY FAC-REG-S 1.80000% 17-10.07.48 | 1 185 000.00 | 880 014.30 | 0.41 |
| EUR	FERROVIE DELLO STATO ITALIANE SPA-REG-S 3.75000% 22-14.04.27 | 710 000.00 | 700 617.79 | 0.33 |
| EUR	KBC GROUP NV-REG-S 1.12500% 19-25.01.24 | 200 000.00 | 194 489.91 | 0.09 |
| EUR	NATIONAL GAS TRANSMISSION PLC-REG-S 4.25000% 23-05.04.30 | 190 000.00 | 189 153.30 | 0.09 |
| EUR	NATIONAL GRID PLC-REG-S 3.87500% 23-16.01.29 | 420 000.00 | 414 102.30 | 0.19 |
| EUR	NBN CO LTD-REG-S 4.12500% 23-15.03.29 | 425 000.00 | 428 461.59 | 0.20 |
| EUR	NEW YORK LIFE GLOBAL FUNDING-REG-S 0.25000% 20-23.01.27 | 500 000.00 | 431 510.77 | 0.20 |
| EUR	ORANO SA-REG-S 5.37500% 22-15.05.27 | 500 000.00 | 511 885.57 | 0.24 |
| EUR	P3 GROUP SARL-REG-S 0.87500% 22-26.01.26 | 500 000.00 | 425 610.79 | 0.20 |

UBS (Lux) Bond Fund – Global Flexible Rapport annuel et états financiers révisés au 31 mars 2023
|  | Dénomination | Nombre/ | Evaluation en CHF | en % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Bénéfice/(perte) non | de |
|  |  |  | réalisé(e) sur futures/ | l'actif |
|  |  |  | Contrats de | net |
|  |  |  | change à terme/ |  |
|  |  |  | swaps (note 1) |  |
|  |  |  |  |  |
| EUR | POLAND, REPUBLIC OF-REG-S 2.00000% 19-08.03.49 | 400 000.00 | 267 560.31 | 0.12 |
| EUR | PPF ARENA 1 BV-REG-S 2.12500% 19-31.01.25 | 800 000.00 | 750 261.03 | 0.35 |
| EUR | REDEXIS GAS FINANCE BV-REG-S 1.87500% 15-27.04.27 | 560 000.00 | 511 857.62 | 0.24 |
| EUR | ROMANIA-REG-S 4.62500% 19-03.04.49 | 1 200 000.00 | 876 897.07 | 0.41 |
| EUR | RWE AG-REG-S 2.75000% 22-24.05.30 | 350 000.00 | 322 671.23 | 0.15 |
| EUR | SELP FINANCE SARL-REG-S 3.75000% 22-10.08.27 | 330 000.00 | 300 322.21 | 0.14 |
| EUR | TORONTO-DOMINION BANK/THE-REG-S 3.63100% 22-13.12.29 | 415 000.00 | 396 496.75 | 0.18 |
| EUR | UNICAJA BANCO SA-REG-S 4.50000% 22-30.06.25 | 400 000.00 | 395 032.66 | 0.18 |
| EUR | VONOVIA SE-REG-S 1.62500% 21-01.09.51 | 200 000.00 | 90 181.34 | 0.04 |
| EUR | VONOVIA SE-REG-S 5.00000% 22-23.11.30 | 200 000.00 | 185 464.68 | 0.09 |
| EUR | WESTERN POWER DISTRIBUTION EAST-REG-S 3.94900% 22-20.09.32 | 195 000.00 | 189 352.06 | 0.09 |
| EUR | WESTPAC BANKING CORP-REG-S 0.01000% 21-22.09.28 | 1 225 000.00 | 1 005 010.05 | 0.47 |
| Total EUR |  |  | 16 420 546.13 | 7.67 |
| GBP |  |  |  |  |
| GBP | ANNINGTON FUNDING PLC-REG-S 4.75000% 22-09.08.33 | 370 000.00 | 368 914.20 | 0.17 |
| GBP | ELECTRICITE DE FRANCE 5.50000% 11-17.10.41 | 100 000.00 | 103 563.61 | 0.05 |
| GBP | FORD MOTOR CREDIT CO LLC 2.74800% 20-14.06.24 | 400 000.00 | 429 232.38 | 0.20 |
| GBP | HEATHROW FUNDING LTD 6.75000% 09-03.12.26 | 100 000.00 | 117 217.27 | 0.05 |
| GBP | LLOYDS BANK PLC 7.50000% 09-15.04.24 | 100 000.00 | 115 216.37 | 0.05 |
| GBP | LLOYDS BANKING GROUP PLC 2.25000% 17-16.10.24 | 200 000.00 | 214 666.80 | 0.10 |
| GBP | NATIONWIDE BUILDING SOCIETY-REG-S 5.62500% 11-28.01.26 | 200 000.00 | 232 840.95 | 0.11 |
| GBP | SCENTRE GROUP TRUST 1-REG-S 3.87500% 14-16.07.26 | 150 000.00 | 161 280.68 | 0.08 |
| GBP | VICINITY CENTRES TRUST-REG-S 3.37500% 16-07.04.26 | 150 000.00 | 160 293.22 | 0.08 |
| Total GBP |  |  | 1 903 225.48 | 0.89 |
| USD |  |  |  |  |
| USD | EGYPT, REPUBLIC OF-REG-S 8.70020% 19-01.03.49 | 350 000.00 | 185 810.36 | 0.09 |
| USD | GC TREASURY CENTER CO LTD-REG-S 4.40000% 22-30.03.32 | 200 000.00 | 163 531.46 | 0.08 |
| USD | MEXICO, UNITED STATES OF 4.75000% 12-08.03.44 | 400 000.00 | 310 218.74 | 0.14 |
| USD | MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 474 000.00 | 431 209.41 | 0.20 |
| USD | PERTAMINA PERSERO PT-REG-S 4.70000% 19-30.07.49 | 205 000.00 | 154 504.14 | 0.07 |
| USD | ROMANIA-REG-S 6.12500% 14-22.01.44 | 720 000.00 | 624 868.21 | 0.29 |
| USD | SAUDI ARABIAN OIL CO-REG-S 3.50000% 19-16.04.29 | 970 000.00 | 827 048.81 | 0.39 |
| USD | SVENSK EXPORTKREDIT AB 4.37500% 23-13.02.26 | 555 000.00 | 510 627.65 | 0.24 |
| Total USD |  |  | 3 207 818.78 | 1.50 |
| Total des Medium-Term Notes, taux fixe |  | 22 965 067.82 | 10.73 |
| Medium-Term Notes, coupon zéro |  |  |  |
| EUR |  |  |  |
| EUR	STEDIN HOLDING NV-REG-S 0.00000% 21-16.11.26 | 470 000.00 | 414 617.74 | 0.19 |
| Total EUR |  | 414 617.74 | 0.19 |
| Total des Medium-Term Notes, coupon zéro |  | 414 617.74 | 0.19 |
| Medium-Term Notes, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	AXA SA-REG-S-SUB 3.250%/VAR 18-28.05.49 | 120 000.00 | 106 133.31 | 0.05 |
| EUR	BARCLAYS PLC-REG-S 3.375%/VAR 20-02.04.25 | 460 000.00 | 452 464.04 | 0.21 |
| EUR	COMMONWEALTH BK OF AUSTRLIA-REG-S-SUB 1.936%/VAR 17-03.10.29 | 120 000.00 | 113 635.14 | 0.05 |
| EUR	DEUTSCHE BANK AG-REG-S 1.000%/VAR 20-19.11.25 | 300 000.00 | 274 848.43 | 0.13 |
| EUR	DEUTSCHE BANK AG-REG-S 1.750%/VAR 20-19.11.30 | 300 000.00 | 233 610.14 | 0.11 |
| EUR	DEUTSCHE BANK AG-REG-S 4.000%/VAR 22-24.06.32 | 600 000.00 | 515 114.06 | 0.24 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 100 000.00 | 97 205.06 | 0.05 |
| EUR	TOTAL SE-REG-S-SUB 2.625%/VAR 15-PRP | 1 100 000.00 | 1 030 730.39 | 0.48 |
| EUR	UBS GROUP AG-REG-S 4.625%/VAR 23-17.03.28 | 550 000.00 | 545 507.39 | 0.25 |
| Total EUR |  | 3 369 247.96 | 1.57 |
| GBP |  |  |  |
| GBP	ELECTRICITE DE FRANCE SA-REG-S-SUB 6.000%/VAR 13-PRP | 100 000.00 | 100 350.47 | 0.05 |
| GBP	HEATHROW FUNDING LTD-REG-S 6.450%/6M LIBOR+400BP 08-10.12.31 | 100 000.00 | 120 044.10 | 0.06 |
| Total GBP |  | 220 394.57 | 0.11 |
| Total des Medium-Term Notes, taux variable |  | 3 589 642.53 | 1.68 |
| Obligations, taux fixe |  |  |  |
| AUD |  |  |  |
| AUD	AUSTRALIA-REG-S 3.25000% 12-21.04.29 | 1 250 000.00 | 770 839.36 | 0.36 |
| Total AUD |  | 770 839.36 | 0.36 |
| CAD |  |  |  |
| CAD	CANADA, GOVERNMENT 1.25000% 19-01.06.30 | 2 750 000.00 | 1 664 781.60 | 0.78 |
| CAD	CANADA, GOVERNMENT 4.00000% 08-01.06.41 | 313 000.00 | 237 308.02 | 0.11 |
| CAD	INTER-AMERICAN DEVELOPMENT BANK 4.40000% 06-26.01.26 | 2 000 000.00 | 1 373 156.74 | 0.64 |
| CAD	KREDITANSTALT FUER WIEDERAUFBAU 5.05000% 05-04.02.25 | 1 000 000.00 | 685 378.17 | 0.32 |
| Total CAD |  | 3 960 624.53 | 1.85 |
| CNY |  |  |  |
| CNY	CHINA DEVELOPMENT BANK CORP 3.80000% 16-25.01.36 | 40 000 000.00 | 5 680 898.50 | 2.65 |
| Total CNY |  | 5 680 898.50 | 2.65 |
| EUR |  |  |  |
| EUR	ABBOTT IRELAND FINCING DAC-REG-S 0.87500% 18-27.09.23 | 155 000.00 | 152 012.42 | 0.07 |
| EUR	ALSTRIA OFFICE REIT-AG-REG-S 1.50000% 20-23.06.26 | 200 000.00 | 157 867.28 | 0.07 |
| EUR	AUTOSTRADE PER L’ITALIA SPA REG-S 2.00000% 21-15.01.30 | 1 000 000.00 | 825 456.57 | 0.38 |
| EUR	BPCE SA-REG-S 0.25000% 20-15.01.26 | 300 000.00 | 270 683.98 | 0.13 |
| EUR	CHUBB INA HOLDINGS INC 2.50000% 18-15.03.38 | 205 000.00 | 166 164.92 | 0.08 |
| EUR	FINNAIR OYJ-REG-S 4.25000% 21-19.05.25 | 390 000.00 | 343 538.20 | 0.16 |

UBS (Lux) Bond Fund – Global Flexible
Rapport annuel et états financiers révisés au 31 mars 2023
|  | Dénomination | Nombre/ | Evaluation en CHF | en % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Bénéfice/(perte) non | de |
|  |  |  | réalisé(e) sur futures/ | l'actif |
|  |  |  | Contrats de | net |
|  |  |  | change à terme/ |  |
|  |  |  | swaps (note 1) |  |
|  |  |  |  |  |
| EUR | FRANCE, REPUBLIC OF-OAT-144A-REG-S 1.50000% 19-25.05.50 | 500 000.00 | 345 112.35 | 0.16 |
| EUR | FRANCE, REPUBLIC OF-OAT-144A-REG-S 0.50000% 20-25.05.40 | 300 000.00 | 193 658.77 | 0.09 |
| EUR | INTERNATIONAL BUSINESS MACHINES CORP 4.00000% 23-06.02.43 | 250 000.00 | 243 665.72 | 0.11 |
| EUR | ITALY, REPUBLIC OF-BTP 5.00000% 03-01.08.34 | 630 000.00 | 670 375.15 | 0.31 |
| EUR | ITALY, REPUBLIC OF-BTP-144A-REG-S 3.250% 14-01.09.46 | 2 450 000.00 | 2 048 659.65 | 0.96 |
| EUR | ITALY, REPUBLIC OF-REG-S 0.90000% 20-01.04.31 | 1 350 000.00 | 1 069 556.87 | 0.50 |
| EUR | JAPAN BANK FOR INTL COOPERATION 3.12500% 23-15.02.28 | 450 000.00 | 441 857.06 | 0.21 |
| EUR | MAPFRE SA-REG-S-SUB 2.87500% 22-13.04.30 | 400 000.00 | 331 925.45 | 0.15 |
| EUR | MPT OPERATING PARTNERSHIP LP/FIN CORP 3.32500% 17-24.03.25 | 235 000.00 | 193 443.00 | 0.09 |
| EUR | PORTUGAL, REPUBLIC OF-144A-REG-S 1.95000% 19-15.06.29 | 500 000.00 | 471 673.36 | 0.22 |
| EUR | RESA SA/BELGIUM-REG-S 1.00000% 16-22.07.26 | 100 000.00 | 90 782.42 | 0.04 |
| EUR | SLOVAKIA, REPUBLIC OF-REG-S 3.75000% 23-23.02.35 | 700 000.00 | 681 720.72 | 0.32 |
| EUR | SLOVENIA, REPUBLIC OF-REG-S 1.50000% 15-25.03.35 | 2 950 000.00 | 2 340 605.52 | 1.09 |
| EUR | SLOVENIA, REPUBLIC OF-REG-S 3.12500% 15-07.08.45 | 1 750 000.00 | 1 599 634.94 | 0.75 |
| EUR | SPAIN, KINGDOM OF-144A-REG-S 5.15000% 13-31.10.44 | 350 000.00 | 419 709.64 | 0.20 |
| EUR | SPAIN, KINGDOM OF-144A-REG-S 3.45000% 16-30.07.66 | 675 000.00 | 611 996.42 | 0.29 |
| EUR | SPAIN, KINGDOM OF-144A-REG-S 1.40000% 18-30.07.28 | 1 000 000.00 | 916 383.74 | 0.43 |
| EUR | TAURON POLSKA ENERGIA SA-REG-S 2.37500% 17-05.07.27 | 300 000.00 | 244 403.42 | 0.11 |
| EUR | UMG GROUPE VYV 1.62500% 19-02.07.29 | 100 000.00 | 82 731.05 | 0.04 |
| EUR | UNITED GROUP BV-REG-S 3.12500% 20-15.02.26 | 435 000.00 | 355 791.39 | 0.17 |
| Total EUR |  |  | 15 269 410.01 | 7.13 |
| GBP |  |  |  |  |
| GBP | BELLIS ACQUISITION CO PLC-REG-S 3.25000% 21-16.02.26 | 415 000.00 | 383 263.85 | 0.18 |
| GBP | BERKELEY GROUP PLC/THE-REG-S 2.50000% 21-11.08.31 | 305 000.00 | 239 611.88 | 0.11 |
| GBP | BUPA FINANCE PLC-REG-S-SUB 5.00000% 13-25.04.23 | 23 000.00 | 25 959.95 | 0.01 |
| GBP | CANARY WHARF FINANCE II PLC 6.45500% 00-22.07.30 | 400 000.00 | 64 189.64 | 0.03 |
| GBP | ROTHESAY LIFE PLC-REG-S-SUB 3.37500% 19-12.07.26 | 315 000.00 | 324 990.04 | 0.15 |
| GBP | SCOTTISH WIDOWS PLC-REG-S-SUB 5.50000% 13-16.06.23 | 140 000.00 | 157 766.62 | 0.08 |
| GBP | UNITED KING OF GREAT BRIT & N IRL-REG-S 1.25000% 20-22.10.41 | 400 000.00 | 298 123.25 | 0.14 |
| Total GBP |  |  | 1 493 905.23 | 0.70 |
| JPY |  |  |  |  |
| JPY | JAPAN 0.40000% 16-20.03.56 | 120 000 000.00 | 624 824.54 | 0.29 |
| JPY | JAPAN 0.40000% 20-20.09.40 | 350 000 000.00 | 2 190 436.73 | 1.02 |
| JPY | JAPAN 0.80000% 18-20.03.58 | 370 000 000.00 | 2 171 855.47 | 1.02 |
| JPY | JAPAN 0.90000% 22-20.06.42 | 400 000 000.00 | 2 692 724.49 | 1.26 |
| JPY | JAPAN 1.50000% 15-20.03.45 | 70 000 000.00 | 517 594.13 | 0.24 |
| Total JPY |  |  | 8 197 435.36 | 3.83 |
| MXN |  |  |  |  |
| MXN | MEXICO, UNITED MEXICAN STATES 7.75000% 11-29.05.31 | 150 000.00 | 711 246.94 | 0.33 |
| MXN | MEXICO, UNITED MEXICAN STATES 7.75000% 11-13.11.42 | 180 000.00 | 796 364.80 | 0.37 |
| Total MXN |  | 1 507 611.74 | 0.70 |
| NZD |  |  |  |  |
| NZD | NEW ZEALAND 1.50000% 19-15.05.31 | 7 500 000.00 | 3 487 160.32 | 1.63 |
| NZD | NEW ZEALAND 1.75000% 20-15.05.41 | 4 400 000.00 | 1 686 575.94 | 0.79 |
| NZD | NEW ZEALAND 3.00000% 18-20.04.29 | 1 000 000.00 | 533 765.12 | 0.25 |
| NZD | NEW ZEALAND-REG-S 2.75000% 16-15.04.37 | 6 000 000.00 | 2 866 134.74 | 1.34 |
| Total NZD |  |  | 8 573 636.12 | 4.01 |
| USD |  |  |  |  |
| USD | CENTERPOINT ENERGY HOUSTON ELEC 4.95000% 23-01.04.33 | 170 000.00 | 158 598.30 | 0.07 |
| USD | CITIGROUP INC 3.87500% 13-25.10.23 | 590 000.00 | 534 500.96 | 0.25 |
| USD | COLOMBIA, REPUBLIC OF 6.12500% 09-18.01.41 | 600 000.00 | 449 226.79 | 0.21 |
| USD | CONSUMERS ENERGY COMPANY 3.25000% 16-15.08.46 | 40 000.00 | 27 281.19 | 0.01 |
| USD | COUNTRY GARDEN HOLDINGS CO LTD-REG-S 2.70000% 21-12.07.26 | 210 000.00 | 101 678.11 | 0.05 |
| USD | DUKE ENERGY CAROLINAS LLC 4.00000% 12-30.09.42 | 110 000.00 | 85 891.60 | 0.04 |
| USD | DUKE ENERGY OHIO INC 5.25000% 23-01.04.33 | 65 000.00 | 61 097.41 | 0.03 |
| USD | DUKE ENERGY PROGRESS LLC 5.25000% 23-15.03.33 | 350 000.00 | 332 195.83 | 0.16 |
| USD | EGYPT GOVERNMENT INTERNATIONAL-REG-S 10.87500% 23-28.02.26 | 340 000.00 | 284 263.64 | 0.13 |
| USD | KAZAKHSTAN, REPUBLIC OF-REG-S 4.87500% 14-14-10.44 | 700 000.00 | 566 064.12 | 0.26 |
| USD | MEXICO CITY AIRPORT TRUST-REG-S 5.50000% 17-31.07.47 | 200 000.00 | 139 553.90 | 0.07 |
| USD | PACIFIC GAS & ELECTRIC CO 2.10000% 20-01.08.27 | 125 000.00 | 99 587.36 | 0.05 |
| USD | PACIFIC GAS & ELECTRIC CO 2.50000% 20-01.02.31 | 135 000.00 | 99 912.85 | 0.05 |
| USD | PACIFICORP 6.00000% 09-15.01.39 | 150 000.00 | 148 949.42 | 0.07 |
| USD | PERU, REPUBLIC OF 2.78300% 20-23.01.31 | 300 000.00 | 233 777.45 | 0.11 |
| USD | PERU, REPUBLIC OF 8.75000% 03-21.11.33 | 164 000.00 | 188 335.87 | 0.09 |
| USD | SOUTHERN CALIFORNIA EDISON CO 4.00000% 17-01.04.47 | 85 000.00 | 63 766.29 | 0.03 |
| USD | SOUTHERN CALIFORNIA EDISON CO 3.70000% 18-01.08.25 | 150 000.00 | 133 529.44 | 0.06 |
| USD | SOUTHERN CALIFORNIA EDISON CO 2.85000% 19-01.08.29 | 75 000.00 | 61 276.53 | 0.03 |
| USD | SUNAC CHINA HOLDINGS-REG-S *DEFAULTED* 6.50000% 20-10.01.25 | 200 000.00 | 43 961.85 | 0.02 |
| Total USD |  |  | 3 813 448.91 | 1.79 |
| Total des Obligations, taux fixe |  | 49 267 809.76 | 23.02 |
| Obligations, coupon zéro |  |  |  |
| EUR |  |  |  |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 21-15.02.31 | 700 000.00 | 583 119.18 | 0.27 |
| Total EUR |  | 583 119.18 | 0.27 |
| Total des Obligations, coupon zéro |  | 583 119.18 | 0.27 |
| Obligations, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	ABANCA CORP BANCARIA SA-REG-S-SUB 6.125%/VAR 19-18.01.29 | 500 000.00 | 478 893.99 | 0.22 |
| EUR	BANCO DE CREDITO SOCIAL-REG-S 8.000%/VAR 22-22.09.26 | 400 000.00 | 400 885.38 | 0.19 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 3.250%/VAR 20-PRP | 145 000.00 | 132 762.81 | 0.06 |
| EUR	BP CAPITAL MARKETS PLC-REG-S-SUB 3.625%/VAR 20-PRP | 215 000.00 | 185 653.77 | 0.09 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 4.000%/VAR 18-PRP | 100 000.00 | 94 958.97 | 0.04 |
| EUR	RABOBANK NEDERLAND NV-REG-S-SUB 3.250%/VAR 19-PRP | 400 000.00 | 320 586.03 | 0.15 |

UBS (Lux) Bond Fund – Global Flexible Rapport annuel et états financiers révisés au 31 mars 2023
|  | Dénomination | Nombre/ | Evaluation en CHF | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l'actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
|  |  |  |  |  |
| EUR | SES SA-REG-S-SUB 2.875%/VAR 21-PRP | 900 000.00 | 723 551.75 | 0.34 |
| EUR | UNIBAIL-RODAMCO SE-REG-S-SUB 2.125%/VAR 18-PRP | 100 000.00 | 84 371.89 | 0.04 |
| EUR | UNIBAIL-RODAMCO SE-REG-S-SUB 2.875%/VAR 18-PRP | 100 000.00 | 75 928.26 | 0.04 |
| Total EUR |  |  | 2 497 592.85 | 1.17 |
| GBP |  |  |  |  |
| GBP | M&G PLC-REG-S-SUB 5.625%/VAR 18-20.10.51 | 130 000.00 | 133 553.83 | 0.06 |
| GBP | SANTANDER UK GROUP HOLD PLC-REG-S-SUB 6.750%/VAR 17-PRP | 200 000.00 | 199 430.40 | 0.10 |
| Total GBP |  |  | 332 984.23 | 0.16 |
| NZD |  |  |  |  |
| NZD | NEW ZEALAND 2.000%/CPI LINKED 12-20.09.25 | 1 500 000.00 | 1 089 615.43 | 0.51 |
| NZD | NEW ZEALAND-REG-S 2.500%/CPI LINKED 14-20.09.35 | 5 500 000.00 | 3 946 122.19 | 1.84 |
| Total NZD |  |  | 5 035 737.62 | 2.35 |
| USD |  |  |  |  |
| USD | CREDIT SUISSE GROUP AG-REG-S-SUB 7.500%/VAR 18-PRP | 850 000.00 | 34 943.29 | 0.02 |
| USD | QBE INSURANCE GROUP LTD-REG-S-SUB 6.750%/VAR 14-02.12.44 | 360 000.00 | 326 019.16 | 0.15 |
| USD | SCOR SE-REG-S-SUB 5.250%/VAR 18-PRP | 200 000.00 | 132 464.75 | 0.06 |
| Total USD |  |  | 493 427.20 | 0.23 |
| Total des Obligations, taux variable |  | 8 359 741.90 | 3.91 |
| Bons du Trésor à moyen terme, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.00000% 17-15.05.47 | 5 500 000.00 | 4 372 710.65 | 2.04 |
| USD	AMERICA, UNITED STATES OF 2.87500% 19-15.05.49 | 4 060 000.00 | 3 173 813.99 | 1.48 |
| USD	AMERICA, UNITED STATES OF 2.62500% 19-15.02.29 | 200 000.00 | 173 246.20 | 0.08 |
| USD	AMERICA, UNITED STATES OF 0.125%/CPI LINKED 22-15.04.27 | 2 400 000.00 | 2 213 515.02 | 1.04 |
| Total USD |  | 9 933 285.86 | 4.64 |
| Total des Bons du Trésor à moyen terme, taux fixe |  | 9 933 285.86 | 4.64 |
| Bons du Trésor à moyen terme, taux variable |  |  |  |
| BRL |  |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 6.000%/IPCA LINKD 10-15.08.50 | 600.00 | 426 879.45 | 0.20 |
| Total BRL |  | 426 879.45 | 0.20 |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.750%/CPI LINKED 15-15.02.45 | 2 000 000.00 | 1 976 565.36 | 0.92 |
| USD	AMERICA, UNITED STATES OF 1.000%/CPI LINKED 18-15.02.48 | 600 000.00 | 592 061.80 | 0.28 |
| Total USD |  | 2 568 627.16 | 1.20 |
| Total des Bons du Trésor à moyen terme, taux variable |  | 2 995 506.61 | 1.40 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 135 575 616.46 | 63.35 |
| Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  |  |  |
| Titres adossés à des actifs, taux fixe |  |  |  |
| USD |  |  |  |
| USD	COLT MERGER SUB INC-144A 3.60000% 18-25.02.48 | 1 000 000.00 | 255 408.61 | 0.12 |
| USD	PSNH FUNDING LLC 3.81400% 18-01.02.35 | 225 000.00 | 194 262.81 | 0.09 |
| USD	SOFI PROFESSIONAL LOAN PROGRAM-144A 3.34000% 18-25.08.47 | 750 000.00 | 148 029.79 | 0.07 |
| Total USD |  | 597 701.21 | 0.28 |
| Total des Titres adossés à des actifs, taux fixe |  | 597 701.21 | 0.28 |
| Titres adossés à des actifs, taux variable |  |  |  |
| USD |  |  |  |
| USD	SOFI PROFESSIONA LOAN PROGRAM LLC-144A VAR 17-26.03.40 | 775 000.00 | 649 071.61 | 0.30 |
| USD	SOFI PROFESSIONAL LOAN PROGRAM-144A VAR 17-25.07.40 | 100 000.00 | 85 860.17 | 0.04 |
| Total USD |  | 734 931.78 | 0.34 |
| Total des Titres adossés à des actifs, taux variable |  | 734 931.78 | 0.34 |
| Titres adossés à des hypothèques, taux fixe |  |  |  |
| USD |  |  |  |
| USD	BENCHMARK MORTGAGE TRUST-SUB 4.26100% 18-01.10.51 | 260 000.00 | 225 328.51 | 0.11 |
| USD	BENCHMARK MORTGAGE TRUST 4.44100% 18-01.10.51 | 350 000.00 | 297 768.84 | 0.14 |
| USD	BWAY 2013-1515 MORTGAGE TRUST-144A 3.45430% 13-10.03.33 | 720 000.00 | 615 241.34 | 0.29 |
| USD	CITIGROUP COMM MRTGE TRT 2015-P1-SUB 3.71700% 15-01.09.48 | 170 000.00 | 148 852.68 | 0.07 |
| USD	COMM 2015-PC1 MORTGAGE TRUST 3.62000% 15-01.07.50 | 150 000.00 | 56 365.24 | 0.03 |
| USD	CSAIL 2015-C4 COMMERCIAL MORT TRUST-SUB 3.80790% 15-01.11.48 | 600 000.00 | 524 089.19 | 0.25 |
| USD	FANNIE MAE 1.00000% 22-01.04.51 | 550 000.00 | 359 329.70 | 0.17 |
| USD	FANNIE MAE 1.50000% 21-01.02.51 | 325 000.00 | 202 583.23 | 0.09 |
| USD	FANNIE MAE 2.00000% 21-01.07.51 | 1 525 000.00 | 1 033 583.32 | 0.48 |
| USD	FANNIE MAE 2.00000% 21-01.11.51 | 1 825 000.00 | 1 273 973.43 | 0.60 |
| USD	FANNIE MAE 2.00000% 20-01.09.50 | 725 000.00 | 390 715.49 | 0.18 |
| USD	FANNIE MAE 2.00000% 20-01.01.51 | 300 000.00 | 181 763.31 | 0.09 |
| USD	FANNIE MAE 2.00000% 21-01.02.51 | 1 225 000.00 | 765 911.01 | 0.36 |
| USD	FANNIE MAE 2.00000% 21-01.05.51 | 2 000 000.00 | 1 309 860.25 | 0.61 |
| USD	FANNIE MAE 2.50000% 21-01.10.51 | 975 000.00 | 695 202.37 | 0.32 |
| USD	FANNIE MAE 2.50000% 22-01.03.52 | 1 000 000.00 | 751 416.63 | 0.35 |
| USD	FANNIE MAE 2.50000% 21-01.08.51 | 650 000.00 | 475 066.95 | 0.22 |
| USD	FANNIE MAE 2.50000% 21-01.08.51 | 830 000.00 | 556 549.68 | 0.26 |
| USD	FANNIE MAE 3.00000% 21-01.10.51 | 1 175 000.00 | 865 951.16 | 0.40 |
| USD	FANNIE MAE 3.00000% 22-01.04.52 | 1 000 000.00 | 772 855.51 | 0.36 |

UBS (Lux) Bond Fund – Global Flexible
Rapport annuel et états financiers révisés au 31 mars 2023
|  | Dénomination | Nombre/ | Evaluation en CHF | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l'actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
|  |  |  |  |  |
| USD | FANNIE MAE 3.00000% 22-01.12.48 | 1 208 920.00 | 909 678.45 | 0.43 |
| USD | FANNIE MAE 3.00000% 21-01.10.51 | 700 000.00 | 478 753.61 | 0.22 |
| USD | FANNIE MAE 3.00000% 20-01.06.50 | 1 375 000.00 | 422 698.89 | 0.20 |
| USD | FANNIE MAE 3.00000% 20-01.08.50 | 375 000.00 | 127 091.79 | 0.06 |
| USD | FANNIE MAE 3.50000% 16-01.08.46 | 200 000.00 | 47 257.09 | 0.02 |
| USD | FANNIE MAE 3.50000% 15-01.04.45 | 75 000.00 | 22 747.46 | 0.01 |
| USD | FANNIE MAE 3.50000% 16-01.01.46 | 75 000.00 | 21 277.07 | 0.01 |
| USD | FANNIE MAE 3.50000% 16-01.12.46 | 275 000.00 | 113 699.18 | 0.05 |
| USD | FANNIE MAE 3.50000% 18-01.03.48 | 225 000.00 | 36 877.49 | 0.02 |
| USD | FANNIE MAE 3.50000% 17-01.11.47 | 500 000.00 | 75 947.53 | 0.04 |
| USD | FANNIE MAE 4.00000% 16-01.02.46 | 250 000.00 | 23 924.11 | 0.01 |
| USD | FANNIE MAE 4.00000% 14-01.07.44 | 520 000.00 | 72 372.49 | 0.03 |
| USD | FANNIE MAE 4.00000% 17-01.06.47 | 1 050 000.00 | 237 841.98 | 0.11 |
| USD | FANNIE MAE 4.00000% 17-01.07.47 | 350 000.00 | 48 718.23 | 0.02 |
| USD | FANNIE MAE 4.00000% 17-01.07.47 | 130 000.00 | 34 953.93 | 0.02 |
| USD | FANNIE MAE 4.00000% 18-01.06.48 | 900 000.00 | 171 577.91 | 0.08 |
| USD | FANNIE MAE 4.00000% 14-01.11.44 | 125 000.00 | 27 731.62 | 0.01 |
| USD | FANNIE MAE 4.00000% 18-01.06.48 | 25 000.00 | 2 492.88 | 0.00 |
| USD | FANNIE MAE 4.50000% 15-01.11.45 | 25 000.00 | 6 796.39 | 0.00 |
| USD | FANNIE MAE 4.50000% 19-01.09.49 | 1 000 000.00 | 43 993.12 | 0.02 |
| USD | FANNIE MAE 4.50000% 16-01.07.44 | 150 000.00 | 23 334.41 | 0.01 |
| USD | FANNIE MAE 5.00000% 11-01.01.41 | 148 000.00 | 9 315.28 | 0.00 |
| USD | FANNIE MAE 5.00000% 04-01.03.34 | 705 000.00 | 8 476.19 | 0.00 |
| USD | FANNIE MAE 5.00000% 08-01.07.35 | 322 000.00 | 6 515.67 | 0.00 |
| USD | FANNIE MAE 5.00000% 22-01.12.52 | 475 000.00 | 424 238.92 | 0.20 |
| USD | FANNIE MAE 5.50000% 08-01.04.34 | 891 436.00 | 7 819.62 | 0.00 |
| USD | FANNIE MAE 5.50000% 22-01.12.52 | 750 000.00 | 674 124.46 | 0.31 |
| USD | FANNIE MAE POOL 2.00000% 22-01.11.51 | 975 000.00 | 687 776.92 | 0.32 |
| USD | FANNIE MAE POOL 2.50000% 21-01.11.51 | 1 800 000.00 | 1 275 556.76 | 0.60 |
| USD | FREDDIE MAC 1.50000% 21-01.04.51 | 1 600 000.00 | 1 007 006.50 | 0.47 |
| USD | FREDDIE MAC 2.00000% 21-01.02.51 | 2 975 000.00 | 1 821 003.92 | 0.85 |
| USD | FREDDIE MAC 2.00000% 21-01.11.51 | 1 825 000.00 | 1 271 854.66 | 0.59 |
| USD | FREDDIE MAC 2.00000% 22-01.01.52 | 825 000.00 | 594 600.75 | 0.28 |
| USD | FREDDIE MAC 2.50000% 20-01.10.50 | 375 000.00 | 215 818.67 | 0.10 |
| USD | FREDDIE MAC 2.50000% 21-01.05.51 | 2 350 000.00 | 1 512 493.51 | 0.71 |
| USD | FREDDIE MAC 2.50000% 22-01.02.52 | 1 000 000.00 | 722 379.29 | 0.34 |
| USD | FREDDIE MAC 3.00000% 16-01.06.46 | 175 000.00 | 29 955.35 | 0.01 |
| USD | FREDDIE MAC 3.00000% 16-01.09.46 | 725 000.00 | 131 138.27 | 0.06 |
| USD | FREDDIE MAC 3.00000% 20-01.09.50 | 565 000.00 | 201 519.06 | 0.09 |
| USD | FREDDIE MAC 3.00000% 16-01.10.46 | 275 000.00 | 82 481.23 | 0.04 |
| USD | FREDDIE MAC 3.50000% 16-01.04.46 | 2 575 000.00 | 319 710.84 | 0.15 |
| USD | FREDDIE MAC 3.50000% 16-01.08.46 | 1 925 000.00 | 264 944.63 | 0.12 |
| USD | FREDDIE MAC 3.50000% 19-01.07.47 | 750 000.00 | 289 014.28 | 0.14 |
| USD | FREDDIE MAC 3.50000% 15-01.06.45 | 100 000.00 | 30 409.72 | 0.01 |
| USD | FREDDIE MAC 4.00000% 18-01.05.48 | 175 000.00 | 17 129.07 | 0.01 |
| USD | FREDDIE MAC 4.00000% 14-01.08.44 | 330 250.00 | 27 498.71 | 0.01 |
| USD | FREDDIE MAC 4.00000% 17-01.08.47 | 175 000.00 | 25 973.02 | 0.01 |
| USD | FREDDIE MAC 4.00000% 17-01.11.47 | 200 000.00 | 32 200.15 | 0.02 |
| USD | FREDDIE MAC 5.50000% 14-01.06.41 | 225 000.00 | 22 988.50 | 0.01 |
| USD | FREDDIE MAC POOL 2.50000% 21-01.10.51 | 1 800 000.00 | 1 281 019.88 | 0.60 |
| USD | GINNIE MAE 2.00000% 20-01.02.51 | 1 050 000.00 | 623 340.11 | 0.29 |
| USD | GINNIE MAE 2.00000% 21-01.03.51 | 450 000.00 | 272 406.37 | 0.13 |
| USD | GINNIE MAE 2.00000% 21-01.11.51 | 1 025 000.00 | 721 822.90 | 0.34 |
| USD | GINNIE MAE 2.00000% 22-20.03.37 | 950 000.00 | 704 029.76 | 0.33 |
| USD | GINNIE MAE 2.50000% 21-01.03.51 | 1 300 000.00 | 749 268.94 | 0.35 |
| USD | GINNIE MAE 2.50000% 21-01.09.51 | 425 000.00 | 298 096.58 | 0.14 |
| USD | GINNIE MAE 3.00000% 16-01.08.46 | 375 000.00 | 55 282.04 | 0.03 |
| USD | GINNIE MAE 3.00000% 19-01.10.49 | 3 475 000.00 | 654 821.15 | 0.31 |
| USD | GINNIE MAE 3.50000% 18-01.01.48 | 225 000.00 | 32 336.66 | 0.02 |
| USD | GINNIE MAE II 2.50000% 21-01.12.51 | 925 000.00 | 675 796.91 | 0.32 |
| USD | HILTON USA TRUST-144-SUB 3.32284% 16-01.11.35 | 175 000.00 | 147 622.70 | 0.07 |
| Total USD |  |  | 32 381 961.42 | 15.13 |
| Total des Titres adossés à des hypothèques, taux fixe |  | 32 381 961.42 | 15.13 |
| Titres adossés à des hypothèques, taux variable |  |  |  |
| USD |  |  |  |
| USD	AVENTURA MALL TRUST-144A FLR 18-01.07.40 | 800 000.00 | 683 990.67 | 0.32 |
| USD	BAMLL COMMERCIAL MORT SET-144A 1M LIBOR+135BP 18-15.09.34 | 750 000.00 | 657 503.31 | 0.31 |
| USD	BAMLL COMMERCIAL MORTGAGE-144A VAR 15-01.04.33 | 450 000.00 | 361 332.67 | 0.17 |
| USD	BANK 2017-BNK9 VAR 17-01.11.54 | 600 000.00 | 501 968.58 | 0.23 |
| USD	BBCMS TRUST CBM-144A 1M LIBOR+119.1098BP 18-15.07.37 | 750 000.00 | 657 753.05 | 0.31 |
| USD	BX TRUST-144A 1M LIBOR+80BP 18-15.05.35 | 400 000.00 | 357 139.03 | 0.17 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+145BP 19-15.12.37 | 200 000.00 | 178 347.58 | 0.08 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+175BP 19-15.12.37 | 570 000.00 | 507 637.20 | 0.24 |
| USD	CD MORTGAGE TRUST FLR 17-01.11.50 | 110 000.00 | 91 040.44 | 0.04 |
| USD	FREMF MORTGAGE TRUST-144A-SUB VAR 17-01.05.50 | 50 000.00 | 43 465.51 | 0.02 |
| USD	GS MORTGAGE SECURITIES TRUST 4.047%/VAR 17-01.03.50 | 225 000.00 | 185 434.72 | 0.08 |
| USD	JP MORGAN CHASE MORTGAGE SECURITIES-144A-SUB FLR 18-01.01.31 | 605 000.00 | 552 062.98 | 0.26 |
| USD	JPMDB COMRCIAL MOTGE SECURTIES TRST 3.985%/VAR 17-01.10.50 | 425 000.00 | 345 025.31 | 0.16 |
| USD	MAD MORTGAGE TRUST-144A 3.141%/VAR 17-01.08.34 | 250 000.00 | 210 369.08 | 0.10 |
| USD	MORGAN STANLEY BOA ML TRT 2015-C24-SUB VAR 15-01.05.48 | 225 000.00 | 195 990.22 | 0.09 |
| USD	MSCG TRUST 2018-SELF-144A-SUB 1M LIBOR+90BP 18-15.10.37 | 310 000.00 | 253 458.29 | 0.12 |
| Total USD |  | 5 782 518.64 | 2.70 |
| Total des Titres adossés à des hypothèques, taux variable |  | 5 782 518.64 | 2.70 |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AKER BP ASA-144A 3.75000% 20-15.01.30 | 450 000.00 | 370 888.99 | 0.17 |
| USD	AVOLON HOLDINGS FUNDING LTD-144A 2.12500% 21-21.02.26 | 205 000.00 | 165 422.44 | 0.08 |
| USD	BROADCOM INC-144A 1.95000% 21-15.02.28 | 250 000.00 | 198 677.59 | 0.09 |
| USD	BROADCOM INC-144A 3.41900% 21-15.04.33 | 329 000.00 | 251 479.68 | 0.12 |

UBS (Lux) Bond Fund – Global Flexible Rapport annuel et états financiers révisés au 31 mars 2023
|  | Dénomination | Nombre/ | Evaluation en CHF | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l'actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |
|  |  |  |  |  |
| USD | COLONIAL ENTERPRISES INC-144A 3.25000% 20-15.05.30 | 185 000.00 | 151 207.92 | 0.07 |
| USD | DELL INTERNATIONAL LLC / EMC CORP 5.85000% 21-15.07.25 | 130 000.00 | 120 708.77 | 0.05 |
| USD | DELL INTERNATIONAL LLC / EMC CORP 5.30000% 21-01.10.29 | 320 000.00 | 294 540.76 | 0.14 |
| USD | INFOR INC-144A 1.75000% 20-15.07.25 | 115 000.00 | 96 000.80 | 0.04 |
| USD | KENVUE INC-144A 5.35000% 23-22.03.26 | 85 000.00 | 79 678.18 | 0.04 |
| USD | SOCIETE GENERALE SA-SUB-144A 7.36700% 23-10.01.53 | 715 000.00 | 636 743.51 | 0.30 |
| USD | SOUTHWESTERN ELECTRIC POWER 6.20000% 10-15.03.40 | 130 000.00 | 124 667.35 | 0.06 |
| USD | TECK RESOURCES LTD 3.90000% 20-15.07.30 | 70 000.00 | 58 746.63 | 0.03 |
| USD | TRITON CONTAINER INTERNATIONAL LTD-144A 2.05000% 21-15.04.26 | 320 000.00 | 260 179.04 | 0.12 |
| USD | XCEL ENERGY INC 4.80000% 11-15.09.41 | 120 000.00 | 100 801.99 | 0.05 |
| Total USD |  |  | 2 909 743.65 | 1.36 |
| Total des Billets, taux fixe |  | 2 909 743.65 | 1.36 |
| Billets, taux variable |  |  |  |
| USD |  |  |  |
| USD	HSBC HOLDINGS PLC 6.332%/VAR 23-09.03.44 | 200 000.00 | 192 974.94 | 0.09 |
| Total USD |  | 192 974.94 | 0.09 |
| Total des Billets, taux variable |  | 192 974.94 | 0.09 |
| Medium-Term Notes, taux fixe |  |  |  |
| AUD |  |  |  |
| AUD	AURIZON FINANCE PTY LTD 3.00000% 21-09.03.28 | 610 000.00 | 325 354.54 | 0.15 |
| Total AUD |  | 325 354.54 | 0.15 |
| Total des Medium-Term Notes, taux fixe |  | 325 354.54 | 0.15 |
| Medium-Term Notes, taux variable |  |  |  |
| AUD |  |  |  |
| AUD	NATIONAL AUSTRALIA BANK-SUB 6.322%/VAR 22-03.08.32	450 000.00 | 280 910.79 | 0.13 |
| Total AUD | 280 910.79 | 0.13 |
| Total des Medium-Term Notes, taux variable | 280 910.79 | 0.13 |
| Obligations, taux fixe |  |  |  |
| RUB |  |  |  |
| RUB	RUSSIA, FEDERATION OF 7.65000% 19-10.04.30 | 410 000 000.00 | 241 026.71 | 0.11 |
| Total RUB |  | 241 026.71 | 0.11 |
| USD |  |  |  |
| USD	FIVE CORNERS FUNDING TRUST-144A 4.41900% 13-15.11.23 | 130 000.00 | 118 009.74 | 0.06 |
| Total USD |  | 118 009.74 | 0.06 |
| Total des Obligations, taux fixe |  | 359 036.45 | 0.17 |
| Obligations, taux variable |  |  |  |
| NZD |  |  |  |
| NZD	NEW ZEALAND 2.500%/CPI LINKED 17-20.09.40 | 8 000 000.00 | 5 618 917.19 | 2.63 |
| Total NZD |  | 5 618 917.19 | 2.63 |
| USD |  |  |  |
| USD	SCENTRE GROUP TRUST 2-REG-S-SUB 4.750%/VAR 20-24.09.80 | 200 000.00 | 165 266.35 | 0.08 |
| Total USD |  | 165 266.35 | 0.08 |
| Total des Obligations, taux variable |  | 5 784 183.54 | 2.71 |
| Total des Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  | 49 349 316.96 | 23.06 |
| Nouvelles émissions de titres et instruments du marché monétaire |  |  |  |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	ENEL FINANCE INTERNATIONAL NV-144A 6.80000% 22-14.10.25 | 300 000.00 | 283 238.55 | 0.13 |
| Total USD |  | 283 238.55 | 0.13 |
| Total des Billets, taux fixe |  | 283 238.55 | 0.13 |
| Total des Nouvelles émissions de titres et instruments du marché monétaire |  | 283 238.55 | 0.13 |

OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée
Fonds d’investissement, ouvert
Luxembourg
| EUR | UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 150.00 | 20 302.62 | 0.01 |
| --- | --- | --- | --- | --- |
| USD | UBS (LUX) BOND SICAV - ASIAN HIGH YIELD (USD) I-X-DIST | 48 000.00 | 2 457 814.92 | 1.15 |
| USD | UBS (LUX) BOND SICAV - CHINA HIGH YIELD (USD) U-X-ACC | 590.00 | 2 951 264.38 | 1.38 |
| Total Luxembourg | 5 429 381.92 | 2.54 |
| Total des Fonds d’investissement, ouvert | 5 429 381.92 | 2.54 |
| Total des OPCVM/Autres OPC au sens de l’article 41 (1) e) de la loi luxembourgeoise du 17 décembre 2010, telle que modifiée | 5 429 381.92 | 2.54 |

UBS (Lux) Bond Fund – Global Flexible
Rapport annuel et états financiers révisés au 31 mars 2023
| Dénomination | Nombre/ | Evaluation en CHF | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l'actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | swaps (note 1) |  |

Instruments dérivés non négociés sur une bourse officielle ou sur un autre marché réglementé
Options sur autres swaps, classic-styled
| EUR |  |
| --- | --- |
| EUR | JPM/ITRX.XOVER.S38-V1 SWAPTION PUT 550.00000% 23-19.04.23 | -9 000 000.00 | -5 259.60 | 0.00 |
| EUR | JPM/ITRX XOVER EUROPE SWAPTION PUT 500.00000% 23-19.04.23 | -9 000 000.00 | -11 594.69 | -0.01 |
| EUR | JPM/ITRX XOVER EUROPE SWAPTION PUT 450.00000% 23-19.04.23 | 9 000 000.00 | 29 645.97 | 0.01 |
| Total EUR |  |  | 12 791.68 | 0.00 |
| Total des Options sur autres swaps, classic-styled |  | 12 791.68 | 0.00 |
| Total des Instruments dérivés non négociés sur une bourse officielle ou sur un autre marché réglementé |  | 12 791.68 | 0.00 |
| Total du Portefeuille-titres |  | 190 650 345.57 | 89.08 |
| Titres adossés à des hypothèques TBA («to be announced») (note 1) Titres adossés à des hypothèques TBA |  |  |  |
|  |  |  |  |
| USD	FANNIE MAE (TBA-US01F0406441) 4.00000% APR 23 13.04.23 | 2 325 000.00 | -9 338.18 | 0.00 |
| USD	FANNIE MAE (TBA-US01F0506430) 5.00000% APR 23-13.04.23 | 1 800 000.00 | 11 942.55 | 0.00 |
| USD	FANNIE MAE (TBA-US01F0206460) 2.50000% JAN 23 13.04.23 | 750 000.00 | 14 651.69 | 0.01 |
| Total des Titres adossés à des hypothèques TBA |  | 17 256.06 | 0.01 |
| Total des Titres adossés à des hypothèques TBA («to be announced») (note 1) |  | 17 256.06 | 0.01 |

| Instruments dérivés |  |
| --- | --- |
| Instruments dérivés négociés sur une bourse officielle |
| Contrats financiers à terme sur obligations |
|  |  |  |
| EUR	EURO BTP ITALY GOVERNMENT FUTURE 08.06.23	-24.00 | -110 051.33 | -0.05 |
| EUR	SHORT EURO BTP ITALY GOVERMENT FUTURE 08.06.23	55.00 | 69 059.99 | 0.03 |
| EUR	EURO-BUND FUTURE 08.06.23	91.00 | 459 728.30 | 0.22 |
| EUR	EURO-BOBL FUTURE 08.06.23	-116.00 | 43 849.82 | 0.02 |
| EUR	EURO-SCHATZ FUTURE 08.06.23	-55.00 | -56 226.62 | -0.03 |
| EUR	EURO-BUXL FUTURE 08.06.23	-21.00 | -195 507.85 | -0.09 |
| EUR	EURO-OAT FUTURE 08.06.23	20.00 | 91 312.43 | 0.04 |
| GBP	LONG GILT FUTURE 28.06.23	45.00 | 134 022.16 | 0.06 |
| USD	US 10YR ULTRA NOTE FUTURE 21.06.23	-29.00 | -110 725.12 | -0.05 |
| AUD	AUSTRALIA 3YR BOND FUTURE 15.06.23	-509.00 | -211 124.01 | -0.1 |
| CAD	CAN 5YR BOND FUTURE 21.06.23	-31.00 | 16 112.93 | 0.01 |
| AUD	AUSTRALIA 10YR BOND FUTURE 15.06.23	16.00 | 27 653.67 | 0.01 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 21.06.23	-12.00 | 1 662.94 | 0 |
| USD	US LONG BOND FUTURE 21.06.23	20.00 | 99 205.83 | 0.05 |
| USD	US 10YR TREASURY NOTE FUTURE 21.06.23	136.00 | 390 214.32 | 0.18 |
| JPY	JAPAN GOVERNMENT 10Y BOND (OSE) FUTURE 13.06.23	-40.00 | -535 952.99 | -0.25 |
| USD	US 5YR TREASURY NOTE FUTURE 30.06.23	262.00 | 463 498.38 | 0.22 |
| CAD	CAN 10YR BOND FUTURE 21.06.23	-387.00 | -751 246.12 | -0.35 |
| Total des Contrats financiers à terme sur obligations | -174 513.27 | -0.08 |
| Total des Instruments dérivés négociés sur une bourse officielle | -174 513.27 | -0.08 |
| Instruments dérivés non négociés sur une bourse officielle ou sur un autre marché réglementé |  |  |
| Swaps et Swaps à terme sur taux d’intérêt |  |  |
|  |  |  |
| USD	LCH/INTEREST RATE SWAP PAY 2.39460% 17-23.03.27	-3 200 000.00 | 152 481.58 | 0.07 |
| USD	LCH/INTEREST RATE SWAP REC 3M LIBOR 17-23.03.27 |  |  |
| USD	LCH/INTEREST RATE SWAP PAY 2.34500% 17-07.04.27	-3 000 000.00 | 146 601.84 | 0.07 |
| USD	LCH/INTEREST RATE SWAP REC 3M LIBOR 17-07.04.27 |  |  |
| USD	LCH/INTEREST RATE SWAP PAY 2.24850% 17-02.08.27	-4 100 000.00 | 238 015.50 | 0.11 |
| USD	LCH/INTEREST RATE SWAP REC 3M LIBOR 17-02.08.27 |  |  |
| PLN	LCH/INTEREST RATE SWAP PAY 2.11600% 20-23.01.30	-31 500 000.00 | 1 289 144.83 | 0.60 |
| PLN	LCH/INTEREST RATE SWAP REC 6MWIB 20-23.01.30 |  |  |
| PLN	LCH/INTEREST RATE SWAP PAY 1.91900% 20-10.02.30	-38 500 000.00 | 1 656 981.94 | 0.77 |
| PLN	LCH/INTEREST RATE SWAP REC 6MWIB 20-10.02.30 |  |  |
| NZD	LCH/INTEREST RATE SWAP PAY 1.20750% 19-27.09.29	-5 900 000.00 | 595 131.10 | 0.28 |
| NZD	LCH/INTEREST RATE SWAP REC 3MFRA 19-27.09.29 |  |  |
| NZD	LCH/INTEREST RATE SWAP PAY 1.67500% 24-30.10.29	-16 000 000.00 | 903 574.43 | 0.42 |
| NZD	LCH/INTEREST RATE SWAP REC 3MFRA 24-30.10.29 |  |  |
| NZD	LCH/INTEREST RATE SWAP PAY 1.80000% 24-26.11.29	-12 000 000.00 | 638 101.29 | 0.30 |
| NZD	LCH/INTEREST RATE SWAP REC 3MFRA 24-26.11.29 |  |  |
| NZD	LCH/INTEREST RATE SWAP PAY 1.58300% 24-24.09.29	-16 500 000.00 | 976 831.67 | 0.46 |
| NZD	LCH/INTEREST RATE SWAP REC 3MFRA 24-24.09.29 |  |  |
| CNY	CITI/INTEREST RATE SWAP PAY 2.80500% 21-02.04.26	-125 000 000.00 | -116 994.65 | -0.05 |
| CNY	CITI/INTEREST RATE SWAP REC CNRR007 21-02.04.26 |  |  |
| PLN	LCH/INTEREST RATE SWAP PAY 1.73300% 21-16.04.31	-10 000 000.00 | 533 863.52 | 0.25 |
| PLN	LCH/INTEREST RATE SWAP REC 6MWIB 21-16.04.31 |  |  |
| PLN	LCH/INTEREST RATE SWAP PAY 3.79250% 22-17.01.32	-13 500 000.00 | 338 819.69 | 0.16 |
| PLN	LCH/INTEREST RATE SWAP REC 6MWIB 22-17.01.32 |  |  |
| KRW	JPMORGAN/INTEREST RATE SWAP PAY 2.15900% 22-25.01.32	-3 950 000 000.00 | 213 298.79 | 0.10 |
| KRW	JPMORGAN/INTEREST RATE SWAP REC 3MKWCD 22-25.01.32 |  |  |
| CNY	LCH/INTEREST RATE SWAP PAY 2.79400% 23-10.01.28	-40 000 000.00 | -1 085.26 | 0.00 |
| CNY	LCH/INTEREST RATE SWAP REC CNRR007 23-10.01.28 |  |  |
| SEK	LCH/INTEREST RATE SWAP PAY 2.74000% 23-10.02.28	-60 000 000.00 | 70 656.08 | 0.03 |
| SEK	LCH/INTEREST RATE SWAP REC 3MS 23-10.02.28 |  |  |
| SEK	LCH/INTEREST RATE SWAP PAY 3.39500% 23-10.03.28	-45 000 000.00 | -65 687.93 | -0.03 |
| SEK	LCH/INTEREST RATE SWAP REC 3MS 23-10.02.28 |  |  |

UBS (Lux) Bond Fund – Global Flexible Rapport annuel et états financiers révisés au 31 mars 2023
|  | Dénomination | Nombre/ Nominal | Evaluation en CHF Bénéfice/(perte) non réalisé(e) sur futures/ Contrats de change à terme/ swaps (note 1) | en % de l'actif net |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAY 3.19431% 23-10.03.53 | -2 900 000.00 | -115 491.70 | -0.05 |
| USD | LCH/INTEREST RATE SWAP TP PAY SOFR O/N 23-10.03.53 |  |  |  |
| NOK | LCH/INTEREST RATE SWAP PAY 3.03500% 23-21.03.28 | -25 000 000.00 | 15 238.64 | 0.01 |
| NOK | LCH/INTEREST RATE SWAP REC NIBOR6M 23-21.03.28 |  |  |  |
| INR | LCH/INTEREST RATE SWAP PAY 6.34300% 23-21.03.28 | -232 500 000.00 | -61.85 | 0.00 |
| INR | LCH/INTEREST RATE SWAP REC O/N MIBOR 23-21.03.28 |  |  |  |
| INR | LCH/INTEREST RATE SWAP PAY 6.21500% 23-21.03.28 | -232 500 000.00 | 107.18 | 0.00 |
| INR | LCH/INTEREST RATE SWAP REC O/N MIBOR 23-21.03.28 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAY 3.01600% 23-30.03.53 | -1 400 000.00 | -12 806.51 | -0.01 |
| USD | LCH/INTEREST RATE SWAP REC 3M LIBOR 23-30.03.53 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.92500% 20-16.01.25 | 61 000 000.00 | 80 030.00 | 0.04 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-16.01.25 |  |  |  |
| CNY | UBS/INTEREST RATE SWAP REC 3.13000% 19-06.05.24 | 35 000 000.00 | 46 184.54 | 0.02 |
| CNY | UBS/INTEREST RATE SWAP PAY CNRR007 19-06.05.24 |  |  |  |
| CNY | UBS/INTEREST RATE SWAP REC 2.80000% 19-03.07.24 | 70 000 000.00 | 62 120.36 | 0.03 |
| CNY | UBS/INTEREST RATE SWAP PAY CNRR007 19-03.07.24 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.94000% 19-19.09.24 | 41 000 000.00 | 44 381.32 | 0.02 |
| CNY | CITI/INTEREST RATE SWAP PAY CNRR007 19-19.09.24 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.23500% 20-10.06.25 | 35 000 000.00 | -26 512.87 | -0.01 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAY CNRR007 20-10.06.25 |  |  |  |
| CNY | UBS/INTEREST RATE SWAP REC 2.71100% 21-19.01.26 | 50 000 000.00 | 27 891.66 | 0.01 |
| CNY | UBS/INTEREST RATE SWAP PAY CNRR007 21-19.01.26 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 8.15500% 19-17.04.29 | 120 000 000.00 | -86 349.20 | -0.04 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 19-17.04.29 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.85500% 19-12.11.29 | 190 000 000.00 | -784 195.01 | -0.37 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 19-12.11.29 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.28000% 16-23.07.26 | 60 000 000.00 | -245 765.23 | -0.12 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 16-23.07.26 |  |  |  |
| SGD | LCH/INTEREST RATE SWAP REC 1.05500% 21-10.03.26 | 4 000 000.00 | -182 126.02 | -0.09 |
| SGD | LCH/INTEREST RATE SWAP PAY SORF6M 21-10.03.26 |  |  |  |
| KRW | JPMORGAN/INTEREST RATE SWAP REC 1.80000% 17-17.01.27 | 2 800 000 000.00 | -107 082.75 | -0.05 |
| KRW | JPMORGAN/INTEREST RATE SWAP PAY 3MKWCD 17-17.01.27 |  |  |  |
| KRW | UBS/INTEREST RATE SWAP REC 1.43750% 21-09.03.26 | 5 200 000 000.00 | -191 271.10 | -0.09 |
| KRW | UBS/INTEREST RATE SWAP PAY 3MKWCD 21-09.03.26 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP REC 1.32000% 21-22.06.26 | 15 000 000.00 | -831 507.03 | -0.39 |
| NZD | LCH/INTEREST RATE SWAP PAY 3MFRA 21-22.06.26 |  |  |  |
| HUF | LCH/INTEREST RATE SWAP REC 2.59600% 21-10.08.26 | 3 000 000 000.00 | -1 699 772.59 | -0.79 |
| HUF | LCH/INTEREST RATE SWAP PAY 6ML 21-10.08.26 |  |  |  |
| HUF | LCH/INTEREST RATE SWAP REC 2.83500% 21-17.09.26 | 1 630 000 000.00 | -859 696.82 | -0.40 |
| HUF | LCH/INTEREST RATE SWAP PAY 6ML 21-17.09.26 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 7.50000% 21-22.09.31 | 105 000 000.00 | -287 435.31 | -0.13 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 21-22.09.31 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.49500% 21-08.10.26 | 55 000 000.00 | -35 994.28 | -0.02 |
| CNY | CITI/INTEREST RATE SWAP PAY CNRR007 21-08.10.26 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 7.44000% 21-16.10.26 | 140 000 000.00 | -330 967.52 | -0.15 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 21-16.10.26 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 7.49250% 21-19.10.26 | 140 000 000.00 | -317 139.90 | -0.15 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 21-19.10.26 |  |  |  |
| ZAR | LCH/INTEREST RATE SWAP REC 7.67000% 22-06.01.32 | 54 000 000.00 | -211 400.17 | -0.10 |
| ZAR | LCH/INTEREST RATE SWAP PAY 3MZAR 22-06.01.32 |  |  |  |
| HUF | LCH/INTEREST RATE SWAP REC 4.82000% 22-17.01.27 | 2 000 000 000.00 | -951 062.66 | -0.44 |
| HUF | LCH/INTEREST RATE SWAP PAY 6MHUF 22-17.01.27 |  |  |  |
| HUF | LCH/INTEREST RATE SWAP REC 4.95100% 22-19.01.27 | 2 050 000 000.00 | -949 678.53 | -0.44 |
| HUF | LCH/INTEREST RATE SWAP PAY 6MHUF 22-19.01.27 |  |  |  |
| KRW | JPMORGAN/INTEREST RATE SWAP REC 2.02000% 22-25.01.24 | 41 000 000 000.00 | -452 280.41 | -0.21 |
| KRW | JPMORGAN/INTEREST RATE SWAP PAY 3MKWCD 22-25.01.24 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP REC 4.60500% 22-29.11.27 | 4 500 000.00 | 45 113.59 | 0.02 |
| NZD | LCH/INTEREST RATE SWAP PAY 3MFRA 22-29.11.27 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 8.51000% 22-01.12.27 | 85 000 000.00 | -15 659.39 | -0.01 |
| MXN | CME/INTEREST RATE SWAP PAY MXI 22-01.12.27 |  |  |  |
| ZAR | LCH/INTEREST RATE SWAP REC 9.22100% 22-12.12.32 | 35 000 000.00 | 25 818.22 | 0.01 |
| ZAR | LCH/INTEREST RATE SWAP PAY 3MZAR 22-12.12.32 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP REC 4.65000% 22-19.12.27 | 5 000 000.00 | 57 779.89 | 0.03 |
| NZD | LCH/INTEREST RATE SWAP PAY 3MFRA 22-19.12.27 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP REC 4.67500% 22-19.12.27 | 4 500 000.00 | 54 890.50 | 0.02 |
| NZD | LCH/INTEREST RATE SWAP PAY 3MFRA 22-19.12.27 |  |  |  |
| BRL | MORGAN STANLE/INTEREST RATE SWAP REC 13.40000% 22-02.01.25 | 30 000 000.00 | 95 653.15 | 0.04 |
| BRL | MORGAN STANLE/INTEREST RATE SWAP PAY BZD 22-02.01.25 |  |  |  |
| BRL | CITI/INTEREST RATE SWAP REC 13.81500% 22-02.01.25 | 35 000 000.00 | 150 062.19 | 0.07 |
| BRL | CITI/INTEREST RATE SWAP PAY BZD 22-02.01.25 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP REC 4.56500% 23-11.01.28 | 4 750 000.00 | 13 495.90 | 0.01 |
| NZD | LCH/INTEREST RATE SWAP PAY 3MFRA 23-11.01.28 |  |  |  |
| BRL | CME/INTEREST RATE SWAP REC 12.70000% 23-02.01.25 | 50 000 000.00 | 71 703.77 | 0.03 |
| BRL | CME/INTEREST RATE SWAP PAY BZD 23-02.01.25 |  |  |  |
| EUR | LCH/INTEREST RATE SWAP REC 2.95640% 23-10.02.28 | 5 500 000.00 | -22 947.89 | -0.01 |
| EUR | LCH/INTEREST RATE SWAP PAY 6MEIB 23-10.02.28 |  |  |  |
| EUR | LCH/INTEREST RATE SWAP REC 3.45360% 23-10.03.28 | 4 000 000.00 | 67 595.68 | 0.03 |
| EUR | LCH/INTEREST RATE SWAP PAY 6MEIB 23-10.03.28 |  |  |  |
| Total des Swaps et Swaps à terme sur taux d’intérêt |  | -289 403.73 | -0.14 |
| Credit Default Swaps* |  |  |  |
|  |  |  |  |
| USD	BOA/MEX CREDIT DEFAULT SWAP PAY 1.00000% 19-20.06.24 | -2 850 000.00 | -21 914.53 | -0.01 |
| USD	BOA/TURKEY CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 2 850 000.00 | -71 988.58 | -0.03 |
| Total des Credit Default Swaps |  | -93 903.11 | -0.04 |
| Total des Instruments dérivés non négociés sur une bourse officielle ou sur un autre marché réglementé |  | -383 306.84 | -0.18 |
| Total des Instruments dérivés |  | -540 564.05 | -0.25 |
| * Nominal positif: le compartiment est «receveur», nominal négatif: le compartiment est «payeur». |  |  |  |

UBS (Lux) Bond Fund – Global Flexible
Rapport annuel et états financiers révisés au 31 mars 2023
| Dénomination	Nombre/ | Evaluation en CHF | en % |
| --- | --- | --- |
| Nominal | Bénéfice/(perte) non | de |
|  | réalisé(e) sur futures/ | l'actif |
|  | Contrats de | net |
|  | change à terme/ |  |
|  | swaps (note 1) |  |

Contrats de change à terme
Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité
| KRW | 879 000 000.00 | USD | 672 957.30 | 6.4.2023 | 1 690.02 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| MYR | 9 105 000.00 | USD | 2 032 819.83 | 6.4.2023 | 29 806.91 | 0.01 |
| USD | 1 270 698.34 | PHP | 70 600 000.00 | 5.4.2023 | -26 121.62 | -0.01 |
| IDR | 60 351 700 000.00 | USD | 3 948 581.56 | 6.4.2023 | 74 950.33 | 0.04 |
| USD | 6 452 333.27 | CNY | 44 785 000.00 | 6.4.2023 | -63 218.32 | -0.03 |
| USD | 1 338 133.13 | CLP | 1 113 300 000.00 | 6.4.2023 | -63 719.64 | -0.03 |
| COP | 6 579 360 000.00 | USD | 1 358 039.11 | 5.4.2023 | 48 941.71 | 0.02 |
| INR | 323 120 000.00 | USD | 3 889 052.71 | 6.4.2023 | 38 939.94 | 0.02 |
| USD | 3 588 179.22 | BRL | 18 820 000.00 | 6.4.2023 | -111 426.46 | -0.05 |
| USD | 543 608.50 | IDR | 8 293 400 000.00 | 11.4.2023 | -10 073.91 | 0.00 |
| USD | 495 798.83 | INR | 41 010 000.00 | 11.4.2023 | -2 921.04 | 0.00 |
| AUD | 8 215 000.00 | CHF | 5 192 832.94 | 6.4.2023 | -167 739.83 | -0.08 |
| CHF | 6 041 500.44 | CAD | 8 760 000.00 | 6.4.2023 | 130 193.09 | 0.06 |
| CAD | 52 940 800.00 | CHF | 36 511 628.60 | 6.4.2023 | -786 818.07 | -0.37 |
| CHF | 1 258 942.70 | CZK | 29 660 000.00 | 6.4.2023 | 5 739.11 | 0.00 |
| CHF | 1 665 848.81 | HUF | 632 200 000.00 | 6.4.2023 | 18 716.29 | 0.01 |
| CHF | 7 326 541.44 | JPY | 1 062 200 000.00 | 6.4.2023 | 34 554.41 | 0.02 |
| CHF | 3 158 876.20 | SGD | 4 530 000.00 | 6.4.2023 | 47 096.88 | 0.02 |
| EUR | 97 953 300.00 | CHF | 97 797 897.09 | 6.4.2023 | -594 763.92 | -0.28 |
| THB | 35 300 000.00 | CHF | 953 458.53 | 11.4.2023 | -10 435.83 | 0.00 |
| CHF | 58 262 419.79 | EUR | 58 355 000.00 | 6.4.2023 | 354 326.48 | 0.17 |
| NOK | 59 120 000.00 | CHF | 5 317 311.84 | 11.4.2023 | -162 599.37 | -0.08 |
| CHF | 24 315 610.56 | NZD | 41 655 000.00 | 6.4.2023 | 515 665.08 | 0.24 |
| USD | 41 176 600.00 | CHF | 38 633 397.30 | 6.4.2023 | -1 030 684.45 | -0.48 |
| CHF | 127 248 352.44 | USD | 135 625 000.00 | 6.4.2023 | 3 394 806.24 | 1.59 |
| GBP | 17 479 500.00 | CHF | 19 642 385.36 | 6.4.2023 | 95 722.97 | 0.04 |
| CHF | 14 411 944.98 | GBP | 12 825 000.00 | 6.4.2023 | -70 233.53 | -0.03 |
| PLN | 3 605 000.00 | CHF | 766 074.54 | 6.4.2023 | -2 049.01 | 0.00 |
| CHF | 1 870 582.79 | MXN | 36 410 000.00 | 11.4.2023 | 32 439.59 | 0.02 |
| AUD | 1 665 000.00 | SGD | 1 509 990.17 | 6.4.2023 | -18 782.13 | -0.01 |
| USD | 1 125 000.00 | PHP | 61 976 250.00 | 5.4.2023 | -14 241.39 | -0.01 |
| EUR | 9 000 000.00 | CHF | 8 972 238.60 | 6.4.2023 | -41 164.32 | -0.02 |
| USD | 8 655 000.00 | CHF | 8 126 990.47 | 6.4.2023 | -223 193.66 | -0.10 |
| BRL | 3 230 000.00 | USD | 614 014.74 | 6.4.2023 | 20 768.14 | 0.01 |
| NZD | 4 155 000.00 | CHF | 2 425 725.56 | 6.4.2023 | -51 730.28 | -0.02 |
| AUD | 1 000 000.00 | CHF | 632 350.10 | 6.4.2023 | -20 652.83 | -0.01 |
| GBP | 2 800 000.00 | CHF | 3 141 307.96 | 6.4.2023 | 20 493.20 | 0.01 |
| GBP | 940 000.00 | CAD | 1 528 526.29 | 6.4.2023 | 30 011.78 | 0.01 |
| CHF | 20 111 601.04 | EUR | 20 169 000.00 | 6.4.2023 | 97 063.57 | 0.05 |
| CHF | 1 177 173.90 | USD | 1 260 000.00 | 6.4.2023 | 26 534.50 | 0.01 |
| CHF | 1 169 579.25 | AUD | 1 850 000.00 | 6.4.2023 | 37 939.29 | 0.02 |
| MXN | 11 295 091.99 | USD | 620 000.00 | 11.4.2023 | 4 256.63 | 0.00 |
| USD | 620 000.00 | CLP | 503 285 000.00 | 6.4.2023 | -15 030.38 | -0.01 |
| USD | 880 000.00 | CHF | 822 454.95 | 6.4.2023 | -18 833.78 | -0.01 |
| EUR | 754 046.97 | CHF | 750 000.00 | 6.4.2023 | -1 727.83 | 0.00 |
| CHF | 403 034.01 | CAD | 586 400.00 | 6.4.2023 | 7 327.32 | 0.00 |
| CHF | 1 057 632.73 | USD | 1 135 000.00 | 6.4.2023 | 21 144.07 | 0.01 |
| JPY | 84 100 000.00 | CHF | 579 006.90 | 6.4.2023 | -1 661.66 | 0.00 |
| GBP | 950 000.00 | USD | 1 127 602.31 | 6.4.2023 | 43 037.10 | 0.02 |
| USD | 1 135 000.00 | INR | 93 420 715.00 | 6.4.2023 | -1 580.27 | 0.00 |
| GBP | 955 000.00 | CAD | 1 556 226.55 | 6.4.2023 | 28 257.10 | 0.01 |
| USD | 595 000.00 | CHF | 559 141.55 | 6.4.2023 | -15 784.06 | -0.01 |
| USD | 345 000.00 | CHF | 323 098.37 | 6.4.2023 | -8 042.34 | 0.00 |
| CHF | 360 621.46 | USD | 390 000.00 | 6.4.2023 | 4 471.17 | 0.00 |
| CHF | 351 520.59 | MXN | 7 040 000.00 | 11.4.2023 | -3 890.78 | 0.00 |
| AUD | 1 710 000.00 | NZD | 1 839 053.70 | 6.4.2023 | -4 758.67 | 0.00 |
| CHF | 1 946 117.70 | EUR | 1 984 000.00 | 6.4.2023 | -22 688.01 | -0.01 |
| NOK | 2 960 000.00 | EUR | 261 196.75 | 11.4.2023 | -1 064.15 | 0.00 |
| NOK | 13 130 000.00 | SEK | 13 118 183.00 | 11.4.2023 | -10 477.39 | 0.00 |
| PLN | 3 145 000.00 | EUR | 669 005.46 | 6.4.2023 | 2 654.15 | 0.00 |
| CAD | 716 614.92 | NZD | 840 000.00 | 6.4.2023 | 3 636.61 | 0.00 |
| CHF | 1 267 057.28 | USD | 1 390 000.00 | 6.4.2023 | -2 298.88 | 0.00 |
| USD | 635 000.00 | CHF | 585 330.87 | 6.4.2023 | -5 445.14 | 0.00 |
| EUR | 332 142.32 | NZD | 565 000.00 | 6.4.2023 | 6 783.40 | 0.00 |
| USD | 871 122.70 | CAD | 1 200 000.00 | 6.4.2023 | -14 258.44 | -0.01 |
| USD | 1 130 000.00 | JPY | 148 488 780.00 | 6.4.2023 | 12 548.06 | 0.01 |
| CHF | 549 806.09 | MXN | 11 410 000.00 | 11.4.2023 | -26 222.86 | -0.01 |
| USD | 718 416.07 | JPY | 95 000 000.00 | 6.4.2023 | 3 887.85 | 0.00 |
| CHF | 218 195.62 | USD | 235 000.00 | 6.4.2023 | 3 592.24 | 0.00 |
| AUD | 520 000.00 | CHF | 322 252.94 | 6.4.2023 | -4 170.36 | 0.00 |
| USD | 460 000.00 | CHF | 425 756.82 | 6.4.2023 | -5 682.12 | 0.00 |
| USD | 1 273 912.02 | GBP | 1 040 000.00 | 6.4.2023 | -11 042.68 | -0.01 |
| CHF | 466 153.08 | USD | 505 000.00 | 6.4.2023 | 4 984.12 | 0.00 |
| CHF | 305 436.34 | GBP | 270 000.00 | 6.4.2023 | 548.37 | 0.00 |
| CHF | 392 278.33 | USD | 424 500.00 | 6.4.2023 | 4 622.44 | 0.00 |
| USD | 1 484 502.34 | CHF | 1 370 000.00 | 6.4.2023 | -14 343.75 | -0.01 |
| USD | 315 000.00 | EUR | 291 854.94 | 6.4.2023 | -1 960.29 | 0.00 |
| EUR | 619 433.23 | AUD | 1 000 000.00 | 6.4.2023 | 2 992.82 | 0.00 |
| CHF | 975 114.96 | USD | 1 065 000.00 | 6.4.2023 | 2 550.71 | 0.00 |
| GBP | 945 000.00 | USD | 1 156 918.14 | 6.4.2023 | 10 607.42 | 0.01 |
| MXN | 5 435 344.40 | CAD | 400 000.00 | 11.4.2023 | 4 570.01 | 0.00 |
| CHF | 426 852.61 | MXN | 8 700 000.00 | 11.4.2023 | -12 363.15 | -0.01 |
| CHF | 472 569.67 | USD | 515 000.00 | 11.4.2023 | 2 445.74 | 0.00 |
| CAD | 576 000.00 | CHF | 385 159.10 | 6.4.2023 | 3 529.60 | 0.00 |
| USD | 449 900.00 | CHF | 411 923.04 | 6.4.2023 | -1 071.72 | 0.00 |
| INR | 229 700 000.00 | USD | 2 786 606.82 | 4.5.2023 | 2 541.02 | 0.00 |
| USD | 2 791 678.23 | INR | 229 699 285.00 | 6.4.2023 | -2 986.94 | 0.00 |
| USD | 236 927.72 | NZD | 380 000.00 | 6.4.2023 | -752.78 | 0.00 |
| USD | 872 348.67 | CHF | 800 000.00 | 6.4.2023 | -3 366.07 | 0.00 |
| USD | 575 000.00 | IDR | 8 665 868 125.00 | 4.5.2023 | -4 051.15 | 0.00 |
| USD | 2 442 213.83 | PHP | 132 600 000.00 | 4.5.2023 | 1 767.34 | 0.00 |
| PHP | 132 576 250.00 | USD | 2 441 102.01 | 5.4.2023 | -1 093.27 | 0.00 |

UBS (Lux) Bond Fund – Global Flexible Rapport annuel et états financiers révisés au 31 mars 2023
| Dénomination	Nombre/ | Evaluation en CHF | en % |
| --- | --- | --- |
| Nominal | Bénéfice/(perte) non | de |
|  | réalisé(e) sur futures/ | l'actif |
|  | Contrats de | net |
|  | change à terme/ |  |
|  | swaps (note 1) |  |

Contrats de change à terme (suite)
Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité
| CNY | 44 785 000.00 | USD | 6 509 447.67 | 6.4.2023 | 11 086.99 | 0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 6 526 142.46 | CNY | 44 785 000.00 | 4.5.2023 | -14 089.09 | -0.01 |
| USD | 465 000.00 | CHF | 426 668.79 | 6.4.2023 | -2 028.06 | 0.00 |
| COP | 6 579 360 000.00 | USD | 1 402 998.19 | 4.5.2023 | -546.07 | 0.00 |
| USD | 1 411 274.13 | COP | 6 579 360 000.00 | 5.4.2023 | -308.82 | 0.00 |
| IDR | 60 351 700 000.00 | USD | 4 009 813.30 | 4.5.2023 | 23 411.78 | 0.01 |
| USD | 2 066 031.31 | MYR | 9 105 000.00 | 6.4.2023 | 534.68 | 0.00 |
| MYR | 9 105 000.00 | USD | 2 071 908.07 | 5.5.2023 | -940.92 | 0.00 |
| USD | 4 010 079.73 | IDR | 60 351 700 000.00 | 6.4.2023 | -18 748.07 | -0.01 |
| KRW | 879 000 000.00 | USD | 678 293.08 | 4.5.2023 | -2 589.53 | 0.00 |
| USD | 677 091.36 | KRW | 879 000 000.00 | 6.4.2023 | 2 088.14 | 0.00 |
| CHF | 151 886.93 | CAD | 225 000.00 | 6.4.2023 | 55.41 | 0.00 |
| USD | 3 012 385.76 | BRL | 15 590 000.00 | 4.5.2023 | -42 249.07 | -0.02 |
| CLP | 1 616 585 000.00 | USD | 2 044 110.77 | 6.4.2023 | 189.35 | 0.00 |
| BRL | 15 590 000.00 | USD | 3 024 835.08 | 6.4.2023 | 44 316.23 | 0.02 |
| USD | 2 039 101.92 | CLP | 1 616 600 000.00 | 4.5.2023 | 1 713.72 | 0.00 |
| INR | 41 010 000.00 | USD | 498 759.49 | 11.4.2023 | 216.24 | 0.00 |
| USD | 498 056.84 | INR | 41 010 000.00 | 4.5.2023 | 43.40 | 0.00 |
| CHF | 301 567.63 | USD | 330 000.00 | 6.4.2023 | 209.69 | 0.00 |
| Total des Contrats de change à terme | 1 552 302.29 | 0.73 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 23 766 512.61* | 11.11 |
| Crédit en compte courant et autres engagements à court terme | -2 303 427.38 | -1.08 |
| Autres actifs et passifs | 885 542.84 | 0.41 |
| Total de l’Actif net | 214 010 711.88 | 100.00 |

* Au 31 mars 2023, des avoirs en banque ont été utilisés à titre de garantie, à hauteur de 27 954.63 CHF en faveur de Bank of America et à hauteur de 392 455.14 CHF en faveur de JP Morgan.
UBS (Lux) Bond Fund – Global Flexible
Rapport annuel et états financiers révisés au 31 mars 2023