# Appendix 1 – Global Exposure (unaudited)
| UBS (Lux) Bond SICAV | Global risk calculation method | Model used | Min VaR (%) consumption | Max VaR (%) consumption | Avg VaR (%) consumption | Leverage as at 31.5.2022 (%) | Reference portfolio (benchmark) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| – Multi Income (USD) | Relative Value-at-Risk | Historical | 34.57% | 53.50% | 40.73% | 57.43% | Composite |
|  | Approach | VaR |  |  |  |  | benchmark |
|  |  |  |  |  |  |  | comprising |
|  |  |  |  |  |  |  | 50% BB |
|  |  |  |  |  |  |  | Barclays |
|  |  |  |  |  |  |  | US Intermediate |
|  |  |  |  |  |  |  | Corporate USD |
|  |  |  |  |  |  |  | Index/ 25% |
|  |  |  |  |  |  |  | BB Barclays US |
|  |  |  |  |  |  |  | Corporate High |
|  |  |  |  |  |  |  | Yield Index / |
|  |  |  |  |  |  |  | 25% BB |
|  |  |  |  |  |  |  | Barclays Global |
|  |  |  |  |  |  |  | Emerging |
|  |  |  |  |  |  |  | Market Hard |
|  |  |  |  |  |  |  | Currency Index |
| – Short Duration High Yield | Relative Value-at-Risk | Historical | 15.16% | 84.56% | 33.12% | 27.09% | ICE BofAML US |
| Sustainable (USD) | Approach | VaR |  |  |  |  | Corporates |
|  |  |  |  |  |  |  | HighYield |
|  |  |  |  |  |  |  | 1-3 Years, 2% |
|  |  |  |  |  |  |  | Constrained ex. |
|  |  |  |  |  |  |  | Hybrids. |
| – Short Term EUR Corporates |  |  |  |  |  |  |  |
| Sustainable (EUR) 2 | Commitment approach |  |  |  |  |  |  |

- Short Term USD CorporatesSustainable (USD)3	Commitment approach
- USD Corporates (USD)	Commitment approach
- USD High Yield (USD)	Commitment approach
- USD Investment Grade CorporatesSustainable (USD)4	Commitment approach2 formerly UBS (Lux) Bond SICAV – Short Term EUR Corporates (EUR)3 formerly UBS (Lux) Bond SICAV – Short Term USD Corporates (USD)4 formerly UBS (Lux) Bond SICAV – USD Investment Grade Corporates (USD)UBS (Lux) Bond SICAVAnnual report and audited financial statements as of 31 May 2022

Translation (ENFR, 2022-05-31):
# Annexe 1 – Engagement global (non audité)
| UBS (Lux) Bond SICAV | Méthode de calcul du risque global | Modèle utilisé | Utilisation de la VaR min. (%) | Utilisation de la VaR max. (%) | Utilisation de la VaR moyenne (%) | Levier moyen 31.5.2022 (%) | Portefeuille de référence (indice de référence) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| – Global Inflation-linked (USD)* | Approche par la | VaR historique | 34.86% | 142.42% | 99.05% | 255.93% | Bloomberg |
|  | valeur à risque relative |  |  |  |  |  | Barclays Global |
|  |  |  |  |  |  |  | inflation linked |
|  |  |  |  |  |  |  | 1-10 years |
|  |  |  |  |  |  |  | (hedged USD) |
| – Global Short Term Flexible (USD) | Approche par la | VaR historique | 6.82% | 24.71% | 19.34% | 276.71% | n/a |
|  | valeur à risque absolue |  |  |  |  |  |  |
| – Green Social Sustainable |  |  |  |  |  |  |  |
| Bonds (EUR) | Approche par les |  |  |  |  |  |  |
|  | engagements |  |  |  |  |  |  |
| – Multi Income (USD) | Approche par la | VaR historique | 34.57% | 53.50% | 40.73% | 57.43% | Indice de référence |
|  | valeur à risque relative |  |  |  |  |  | composite composé |
|  |  |  |  |  |  |  | à 50% de |
|  |  |  |  |  |  |  | l’indice BB |
|  |  |  |  |  |  |  | Barclays US |
|  |  |  |  |  |  |  | Intermediate |
|  |  |  |  |  |  |  | Corporate |
|  |  |  |  |  |  |  | USD, à 25% |
|  |  |  |  |  |  |  | de l’indice BB |
|  |  |  |  |  |  |  | Barclays |
|  |  |  |  |  |  |  | US Corporate |
|  |  |  |  |  |  |  | High Yield et à |
|  |  |  |  |  |  |  | 25% de l’indice |
|  |  |  |  |  |  |  | BB Barclays Global |
|  |  |  |  |  |  |  | Emerging Market |
|  |  |  |  |  |  |  | Hard Currency |
| – Short Duration High Yield | Approche par la | VaR historique | 15.16% | 84.56% | 33.12% | 27.09% | ICE BofAML US |
| Sustainable (USD) | valeur à risque relative |  |  |  |  |  | Corporates High |
|  |  |  |  |  |  |  | Yield 1-3 Years, 2% |
|  |  |  |  |  |  |  | Constrained ex. |
|  |  |  |  |  |  |  | Hybrids. |
| – Short Term EUR Corporates |  |  |  |  |  |  |  |
| Sustainable (EUR) 2 | Approche par les |  |  |  |  |  |  |
|  | engagements |  |  |  |  |  |  |
| – Short Term USD Corporates |  |  |  |  |  |  |  |
| Sustainable (USD) 3 | Approche par les |  |  |  |  |  |  |
|  | engagements |  |  |  |  |  |  |
| – USD Corporates (USD) | Approche par les |  |  |  |  |  |  |
|  | engagements |  |  |  |  |  |  |
| – USD High Yield (USD) | Approche par les |  |  |  |  |  |  |
|  | engagements |  |  |  |  |  |  |
| – USD Investment Grade Corporates |  |  |  |  |  |  |  |
| Sustainable (USD) 4 | Approche par les |  |  |  |  |  |  |
|  | engagements |  |  |  |  |  |  |

2 
anciennement UBS (Lux) Bond SICAV – Short Term EUR Corporates (EUR)
3 
anciennement UBS (Lux) Bond SICAV – Short Term USD Corporates (USD)
4 
anciennement UBS (Lux) Bond SICAV – USD Investment Grade Corporates (USD)
UBS (Lux) Bond SICAV
Rapport annuel et états financiers révisés au 31 mai 2022