# Appendix 5 – Sustainable Finance Disclosure Regulation (Regulation (EU) 2019/2088) (unaudited)
No UBS ESG consensus score is used for cash, certain derivatives and other unsecured investments with no rating.
This UBS ESG consensus score is a normalised weighted average of ESG score data from internal and recognised external providers. Rather than relying solely on an ESG score from a single provider, the consensus score approach increases confidence in the validity of the sustainability profile. The UBS ESG consensus score assesses sustainability factors, such as the performance of these issuers with regard to environmental, social and governance (ESG) aspects. These ESG aspects relate to the main areas in which the issuers operate and their efficiency in managing ESG risks. Environmental and social factors can include (amongst others) the following: environmental footprint and opera- tional efficiency, environmental risk management, climate change, natural resource usage, pollution and waste man- agement, employment standards and supply chain monitoring, human capital, diversity within the board of directors, occupational health and safety, product safety, as well as anti-fraud and anti-corruption guidelines.
In addition to the Sustainability Exclusion Policy described in the general investment policy, the subfund may also exclude companies or sectors that manufacture products or carry out business activities, which the internal analysis highlights as entailing significant negative social or environmental risks. The subfund does not invest directly in com- panies generating a substantial proportion of their turnover from the production of tobacco, adult entertainment or coal, nor companies generating a substantial proportion of their turnover using coal-based power.
The subfund achieved the ESG targets stated above during the reference period.
In addition, under Regulation (EU) 2020/852 (the “Taxonomy Regulation”) a financial product categorized in accor- dance with article 8(1) SFDR that promotes environmental characteristics must make additional disclosures as of 1 January 2022 on such objective and a description of how and to what extent its investments are in economic activities that qualify as environmentally sustainable under article 3 of the Taxonomy Regulation. However, due to the absence of reliable, timely and verifiable data, the subfund is unable to make required disclosures as of 1 January 2022. The subfund does not commit to making a minimum proportion of investments which qualify as environmentally sustain- able under Article 3 of the Taxonomy Regulation. Taking into account the recent and evolving aspects of sustainable finance at the European level, such information will be updated once the Management Company has the necessary data. An update of the prospectus will be made where relevant to describe how and to what extent the investments underlying the financial product are in economic activities that qualify as environmentally sustainable under the Tax- onomy Regulation.

## UBS (Lux) Bond SICAV – Short Duration High Yield Sustainable (USD)
UBS Asset Management categorises this subfund as a Sustainability Focus Fund. This subfund promotes environ- mental and social characteristics and falls under Article 8(1) of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector.
The actively managed subfund invests primarily in debt instruments and assets denominated in USD of issuers with a strong ESG (Environmental, Social and Governance) profile as described below.
The subfund uses the benchmark ICE BofAML US Corporates High Yield 1-3 Years, 2% Constrained ex. Hybrids USD as reference for sustainability profile comparison and risk management purposes. The benchmark is not designed to promote ESG characteristics. For share classes with “hedged” in their name, currency-hedged versions of the bench- mark (if available) are used.
Issuers are assessed for ESG risks (using the UBS ESG Risk Recommendation) and rated using a five-point scale (1 – negligible, 2 – low, 3 – medium, 4 – high and 5 – severe ESG risk). The subfund will generally exclude corporate issuers with risks identified in the ESG Risk Dashboard (described in the ESG Integration section) unless the overall UBS ESG risk recommendation is between 1 and 3. Due to diversification requirements in the high-yield investment universe, securities of issuers with identified ESG risks rated 4 may have a maximum share of 20% in the portfolio
UBS (Lux) Bond SICAV
Annual report and audited financial statements as of 31 May 2022

Translation (ENFR, 2022-05-31):
# Annexe 5 – Règlement sur la publication d’informations en matière de durabilité dans le secteur des services financiers (SFDR) (Règlement (UE) 2019/2088) (non audité)
## Article 6:
UBS (Lux) Bond SICAV – 2023 (USD)* UBS (Lux) Bond SICAV – 2024 (USD)* UBS (Lux) Bond SICAV – 2025 I (EUR)* UBS (Lux) Bond SICAV – 2025 I (USD)*
UBS (Lux) Bond SICAV – China Fixed Income (RMB)* UBS (Lux) Bond SICAV – China High Yield (USD)* UBS (Lux) Bond SICAV – Convert Global (EUR)*
UBS (Lux) Bond SICAV – Emerging Economies Corporates (USD)*
UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD)* UBS (Lux) Bond SICAV – Fixed Maturity Series 1 (USD)*
UBS (Lux) Bond SICAV – Floating Rate Income (USD)* UBS (Lux) Bond SICAV – Global Dynamic (USD)*
UBS (Lux) Bond SICAV – Global Inflation-linked (USD)* UBS (Lux) Bond SICAV – Global Short Term Flexible (USD)* UBS (Lux) Bond SICAV – Multi Income (USD)*
UBS (Lux) Bond SICAV – USD High Yield (USD)*
* Les investissements sous-jacents du présent compartiment ne tiennent pas compte des critères de l’Union européenne en matière d’activités économiques durables sur le plan environnemental.

## Article 8(1):
UBS (Lux) Bond SICAV – Asian High Yield (USD)
Ce compartiment promeut des caractéristiques environnementales et sociales et relève du champ d’application de l’article 8(1) du Règlement (UE) 2019/2088 sur la publication d’informations en matière de durabilité dans le secteur des services financiers. Le Gestionnaire de portefeuille a recours à une note de consensus ESG d’UBS afin d’identifier les émetteurs de l’univers d’investissement présentant de bonnes caractéristiques en matière de performance envi- ronnementale et sociale ou dotés d’un profil de durabilité solide. L’ESG Consensus Score d’UBS est une moyenne pondérée normalisée des données de notes ESG émanant de fournisseurs externes reconnus et internes. Au lieu de s’appuyer exclusivement sur l’évaluation ESG d’un seul prestataire, l’évaluation fondée sur le Consensus renforce la crédibilité en matière de qualité du profil de durabilité.
L’ESG Consensus Score d’UBS évalue des facteurs de durabilité tels que la performance de chaque émetteur en ce qui concerne des facteurs environnementaux, sociaux et de gouvernance d’entreprise («ESG»). Ces facteurs ESG se rapportent aux principaux domaines d’activité des émetteurs et à leur efficacité en matière de gestion des risques ESG. Les éléments suivants relèvent des facteurs environnementaux et sociaux: empreinte écologique et efficacité opérationnelle, gestion des risques environnementaux, changement climatique, utilisation des ressources naturelles, pollution de l’environnement et gestion des déchets, normes de travail et contrôle de la chaîne d’approvisionne- ment, capital humain, diversité parmi les membres du conseil d’administration, santé et sécurité sur le lieu de travail, sécurité des produits et directives en matière de lutte contre la fraude et la corruption. Chaque investissement du compartiment dispose d’une note de consensus ESG d’UBS (sur une échelle de 1 à 10, 10 correspondant au meilleur profil de durabilité).
Le compartiment présente les caractéristiques ESG suivantes:
- Le compartiment n’investira pas directement dans des émetteurs qui violent les principes du Pacte mondial de l’ONU sans que des mesures correctives perceptibles n’aient été prises.

UBS (Lux) Bond SICAV
Rapport annuel et états financiers révisés au 31 mai 2022