# UBS (Lux) SICAV 1
– Medium Term USD Corporate Bonds (USD)
| Three-year comparison |  |
| --- | --- |
| Date | ISIN | 30.9.2020 | 30.9.2019 | 30.9.2018 |
| Net assets in USD |  | 244 154 389.33 | 220 995 279.36 | 137 540 876.94 |
| Class F-acc | LU1008479229 |  |  |  |
| Shares outstanding |  | 924 436.5860 | 889 872.8810 | 972 812.3170 |
| Net asset value per share in USD |  | 122.40 | 115.70 | 108.43 |
| Issue and redemption price per share in USD 1 |  | 122.40 | 115.70 | 108.43 |
| Class (CHF hedged) F-acc | LU1008479575 |  |  |  |
| Shares outstanding |  | 769 255.0000 | 587 230.0000 | 221 870.0000 |
| Net asset value per share in CHF |  | 106.63 | 103.24 | 100.08 |
| Issue and redemption price per share in CHF 1 |  | 106.63 | 103.24 | 100.08 |
| Class (SGD hedged) F-acc 2 | LU1008479906 |  |  |  |
| Shares outstanding |  | - | - | 2 576.0000 |
| Net asset value per share in SGD |  | - | - | 108.40 |
| Issue and redemption price per share in SGD 1 |  | - | - | 108.40 |
| Class F-UKdist | LU1008479492 |  |  |  |
| Shares outstanding |  | 365 505.0000 | 326 780.0000 | 49 030.0000 |
| Net asset value per share in USD |  | 101.87 | 99.17 | 96.06 |
| Issue and redemption price per share in USD 1 |  | 101.87 | 99.17 | 96.06 |
| Class (CHF hedged) F-UKdist | LU1008479658 |  |  |  |
| Shares outstanding |  | 8 100.0000 | 9 400.0000 | 9 400.0000 |
| Net asset value per share in CHF |  | 88.35 | 88.17 | 88.39 |
| Issue and redemption price per share in CHF 1 |  | 88.35 | 88.17 | 88.39 |
| Class (GBP hedged) F-UKdist | LU1008479815 |  |  |  |
| Shares outstanding |  | 29 872.0820 | 23 498.9770 | 29 121.9370 |
| Net asset value per share in GBP |  | 96.17 | 95.07 | 93.78 |
| Issue and redemption price per share in GBP 1 |  | 96.17 | 95.07 | 93.78 |
| Class U-X-acc 3 | LU2007311660 |  |  |  |
| Shares outstanding |  | - | 2 093.9720 | - |
| Net asset value per share in USD |  | - | 10 148.68 | - |
| Issue and redemption price per share in USD 1 |  | - | 10 148.68 | - |
| 1  See note 1 2  The share class (SGD hedged) F-acc was in circulation until 29.1.2019 3  For the period from 20.6.2019 to 7.1.2020 the share class U-X-acc was in circulation |  |  |  |  |
| Performance |  |  |  |  |
|  | Currency | 2019/2020 | 2018/2019 | 2017/2018 |
| Class F-acc | USD | 5.8% | 6.7% | 0.2% |
| Class (CHF hedged) F-acc | CHF | 3.3% | 3.2% | -2.7% |
| Class (SGD hedged) F-acc 1 | SGD | - | - | -0.4% |
| Class F-UKdist | USD | 5.8% | 6.7% | 0.2% |
| Class (CHF hedged) F-UKdist | CHF | 3.3% | 3.2% | -2.7% |
| Class (GBP hedged) F-UKdist | GBP | 4.3% | 4.9% | -1.3% |
| Class U-X-acc 2 | USD | - | - | - |

1 
The share class (SGD hedged) F-acc was in circulation until 29.1.2019. Due to this fact, there is no data for the calculation of the performance available.
2 
For the period from 20.6.2019 to 7.1.2020 the share class U-X-acc was in circulation. Due to this fact, there is no data for the calculation of the performance available.
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 shares. The performance data were not audited.
The subfund has no benchmark.
UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds (USD) Annual report and audited financial statements as of 30 September 2020

### Report of the Portfolio Manager
In the financial year, from 1 October 2019 to 30 September 2020, short-term US Treasury yields declined significantly reaching new all-time lows particularly early in 2020 as a result of the global pandemic. The Fed reduced the Fed subfunds rate to the zero lower bound in March 2020 during two intra-meeting sessions. 1-5 year US investment grade corporate credit spreads finished the period higher, with periods of spread tightening for most of 2019 before reversing course in 2020 and widening sharply in the first quarter. Corporate spreads moved sharply wider in March 2020 before beginning to recover following the Fed’s announcement in late March that it would begin purchas- ing corporate bonds for the first time ever. Following the Fed’s unprecedented decision, corporate credit spreads recovered and tightened to more normal levels while trad- ing in a tighter range over the summer and through the end of the financial year.
The subfund delivered a positive performance during the financial year. The decline in US Treasury yields had a positive impact on performance, more than offsetting the negative impact from wider corporate credit spreads during the period. The subfund followed a diversified approach, investing across a range of industries and issu- ers in the corporate bond market. The option-adjusted duration of the subfund at the end of the financial year was modestly higher than a year prior, consistent with changes in the market. Both duration and spread management contributed positively relative to the performance of the US corporate bond market.

### Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
United States	74.16
| Canada | 5.01 |
| --- | --- |
| Japan | 3.54 |
| United Kingdom | 2.80 |
| Ireland | 2.77 |
| The Netherlands | 1.77 |
| Australia | 1.29 |
| France | 1.27 |
| Spain | 0.90 |
| Norway | 0.87 |
| Saudi Arabia | 0.86 |
| Total | 95.24 |

Economic Breakdown as a % of net assets	
Banks & credit institutions	28.24
Finance & holding companies	20.88
Energy & water supply	5.36
Petroleum	3.91
Internet, software & IT services	3.88
Pharmaceuticals, cosmetics & medical products	3.80
Computer hardware & network equipment providers	3.46
Telecommunications	3.28
Healthcare & social services	2.64
Insurance	2.06
Tobacco & alcohol	1.99
Electronics & semiconductors	1.90
Traffic & transportation	1.73
Mechanical engineering & industrial equipment	1.48
Retail trade, department stores	1.46
Mining, coal & steel	1.31
Biotechnology	1.30
Miscellaneous services	1.09
Electrical devices & components	0.95
Graphic design, publishing & media	0.90
Aerospace industry	0.88
Lodging, catering & leisure	0.83
Building industry & materials	0.82
Food & soft drinks	0.61
Miscellaneous unclassified companies	0.48
Total	95.24
UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds (USD)
Annual report and audited financial statements as of 30 September 2020

### Statement of Net Assets
Assets	30.9.2020
USD
Investments in securities, cost	223 126 526.33
| Investments in securities, unrealized appreciation (depreciation) | 	9 411 198.53	 |
| --- | --- |
| Total investments in securities (Note 1) | 232 537 724.86 |
| Cash at banks, deposits on demand and deposit accounts | 9 559 664.92 |
| Receivable on securities sales (Note 1) | 304 670.89 |
| Receivable on subscriptions | 271 564.58 |
| Interest receivable on securities | 1 694 995.22 |
| Other receivables | 100 041.23 |
| Total Assets | 244 468 661.70 |
|  |  |
| Liabilities |  |
| Unrealized gain (loss) on forward foreign exchange contracts (Note 1) | -204 783.01 |
| Bank overdraft | -9.82 |
| Payable on securities purchases (Note 1) | -1 035.27 |
| Payable on redemptions | -3 426.36 |
| Provisions for flat fee (Note 2) | -25 340.46 |
| Provisions for taxe d’abonnement (Note 3) | -6 103.86 |
| Provisions for other commissions and fees (Note 2) | 	-73 573.59	 |
| Total provisions | -105 017.91 |
| Total Liabilities | -314 272.37 |
|  |  |
| Net assets at the end of the financial year | 244 154 389.33 |
| Statement of Operations | USD |
| Income | 1.10.2019-30.9.2020 |
| Interest on liquid assets | 12 304.24 |
| Interest on securities | 7 438 161.55 |
| Income on securities lending (Note 14) | 11 781.87 |
| Other income (Note 4) | 286 012.03 |
| Total income | 7 748 259.69 |
|  |  |
| Expenses |  |
| Cost on securities lending (Note 14) | -4 712.75 |
| Flat fee (Note 2) | -585 672.94 |
| Taxe d’abonnement (Note 3) | -22 988.04 |
| Other commissions and fees (Note 2) | -70 537.72 |
| Interest on cash and bank overdraft | -14.92 |
| Total expenses | -683 926.37 |
|  |  |
| Net income (loss) on investments | 7 064 333.32 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 1 597 919.71 |
| Realized gain (loss) on financial futures | -58 363.50 |
| Realized gain (loss) on forward foreign exchange contracts | 6 163 885.99 |
| Realized gain (loss) on foreign exchange | 678 285.80 |
| Total realized gain (loss) | 8 381 728.00 |
|  |  |
| Net realized gain (loss) of the financial year | 15 446 061.32 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 5 363 538.24 |
| Unrealized appreciation (depreciation) on financial futures | 25 234.40 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | 36 183.49 |
| Total changes in unrealized appreciation (depreciation) | 5 424 956.13 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 20 871 017.45 |

UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds (USD) Annual report and audited financial statements as of 30 September 2020
| Statement of Changes in Net Assets |  |
| --- | --- |
|  |  | USD |
|  |  | 1.10.2019-30.9.2020 |
| Net assets at the beginning of the financial year |  | 220 995 279.36 |
| Subscriptions |  | 89 856 075.90 |
| Redemptions |  | 	-86 512 206.27	 |
| Total net subscriptions (redemptions) |  | 3 343 869.63 |
| Dividend paid |  | -1 055 777.11 |
| Net income (loss) on investments |  | 7 064 333.32 |
| Total realized gain (loss) |  | 8 381 728.00 |
| Total changes in unrealized appreciation (depreciation) |  | 	5 424 956.13	 |
| Net increase (decrease) in net assets as a result of operations |  | 20 871 017.45 |
| Net assets at the end of the financial year |  | 244 154 389.33 |
| Changes in the Number of Shares outstanding |  |  |
|  |  | 1.10.2019-30.9.2020 |
| Class |  | F-acc |
| Number of shares outstanding at the beginning of the financial year |  | 889 872.8810 |
| Number of shares issued |  | 264 510.2670 |
| Number of shares redeemed |  | -229 946.5620 |
| Number of shares outstanding at the end of the financial year |  | 924 436.5860 |
| Class |  | (CHF hedged) F-acc |
| Number of shares outstanding at the beginning of the financial year |  | 587 230.0000 |
| Number of shares issued |  | 455 000.0000 |
| Number of shares redeemed |  | -272 975.0000 |
| Number of shares outstanding at the end of the financial year |  | 769 255.0000 |
| Class |  | F-UKdist |
| Number of shares outstanding at the beginning of the financial year |  | 326 780.0000 |
| Number of shares issued |  | 63 120.0000 |
| Number of shares redeemed |  | -24 395.0000 |
| Number of shares outstanding at the end of the financial year |  | 365 505.0000 |
| Class |  | (CHF hedged) F-UKdist |
| Number of shares outstanding at the beginning of the financial year |  | 9 400.0000 |
| Number of shares issued |  | 0.0000 |
| Number of shares redeemed |  | -1 300.0000 |
| Number of shares outstanding at the end of the financial year |  | 8 100.0000 |
| Class |  | (GBP hedged) F-UKdist |
| Number of shares outstanding at the beginning of the financial year |  | 23 498.9770 |
| Number of shares issued |  | 13 786.8330 |
| Number of shares redeemed |  | -7 413.7280 |
| Number of shares outstanding at the end of the financial year |  | 29 872.0820 |
| Class |  | U-X-acc |
| Number of shares outstanding at the beginning of the financial year |  | 2 093.9720 |
| Number of shares issued |  | 322.0000 |
| Number of shares redeemed |  | -2 415.9720 |
| Number of shares outstanding at the end of the financial year |  | 0.0000 |
| Distribution 1 |  |  |
| UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds (USD)	Ex-Date | Pay-Date | Currency	Amount per share |
| F-UKdist	15.10.2019 | 18.10.2019 | USD	2.89 |
| (CHF hedged) F-UKdist	15.10.2019 | 18.10.2019 | CHF	2.62 |
| (GBP hedged) F-UKdist	15.10.2019 | 18.10.2019 | GBP	2.90 |
| 1  See note 5 |  |  |

UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds (USD)
Annual report and audited financial statements as of 30 September 2020

### Statement of Investments in Securities and other Net Assets as of 30 September 2020
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Transferable securities and money market instruments listed on an official stock exchange |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ABBVIE INC 2.90000% 13-06.11.22 | 2 000 000.00 | 2 097 247.80 | 0.86 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 5.00000% 15-01.10.21 | 2 000 000.00 | 2 061 451.00 | 0.84 |
| USD	AERCAP IRELAND CAP/ GLBL AVIATION TRUST 6.50000% 20-15.07.25 | 1 000 000.00 | 1 079 565.90 | 0.44 |
| USD	ALPHABET INC 0.45000% 20-15.08.25 | 1 000 000.00 | 994 980.70 | 0.41 |
| USD	ALTRIA GROUP INC 3.49000% 19-14.02.22 | 1 500 000.00 | 1 559 974.95 | 0.64 |
| USD	AMAZON.COM INC 0.80000% 20-03.06.25 | 2 500 000.00 | 2 530 053.50 | 1.04 |
| USD	AMERICAN EXPRESS CO 2.50000% 17-01.08.22 | 1 000 000.00 | 1 036 289.90 | 0.42 |
| USD	AMERICAN INTL GROUP INC 2.50000% 20-30.06.25 | 1 250 000.00 | 1 334 900.00 | 0.55 |
| USD	AMGEN INC 2.70000% 15-01.05.22 | 2 000 000.00 | 2 068 077.80 | 0.85 |
| USD	AMGEN INC 3.12500% 15-01.05.25 | 1 000 000.00 | 1 097 926.30 | 0.45 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.15000% 19-23.01.25 | 2 000 000.00 | 2 263 055.40 | 0.93 |
| USD	ANTHEM INC 3.70000% 11-15.08.21 | 1 500 000.00 | 1 530 128.25 | 0.63 |
| USD	AON PLC 2.80000% 15-15.03.21 | 2 000 000.00 | 2 018 297.80 | 0.83 |
| USD	APPLE INC 2.40000% 17-13.01.23 | 2 000 000.00 | 2 089 389.20 | 0.86 |
| USD	AT&T INC 2.62500% 12-01.12.22 | 2 000 000.00 | 2 083 319.40 | 0.85 |
| USD	BANK OF NOVA SCOTIA-SUB 4.50000% 15-16.12.25 | 5 000 000.00 | 5 791 918.50 | 2.37 |
| USD	BAT CAPITAL CORP 3.22200% 18-15.08.24 | 1 000 000.00 | 1 069 916.70 | 0.44 |
| USD	BOEING CO 4.50800% 20-01.05.23 | 1 000 000.00 | 1 054 340.00 | 0.43 |
| USD	CCO LLC/CAPITAL 4.90800% 16-23.07.25 | 2 000 000.00 | 2 312 445.40 | 0.95 |
| USD	CITIGROUP INC-SUB 4.40000% 15-10.06.25 | 2 000 000.00 | 2 256 615.60 | 0.92 |
| USD	COMCAST CORP 3.70000% 18-15.04.24 | 2 000 000.00 | 2 208 589.80 | 0.90 |
| USD	CONSTELLATION BRANDS INC 2.70000% 17-09.05.22 | 1 000 000.00 | 1 032 437.40 | 0.42 |
| USD	CVS HEALTH CORP 3.70000% 18-09.03.23 | 863 000.00 | 924 781.31 | 0.38 |
| USD	CVS HEALTH CORP 3.87500% 15-20.07.25 | 1 000 000.00 | 1 126 641.50 | 0.46 |
| USD	DTE ENERGY CO 3.30000% 15-15.06.22 | 2 955 000.00 | 3 075 142.61 | 1.26 |
| USD	ENBRIDGE INC 3.50000% 14-10.06.24 | 2 000 000.00 | 2 157 857.00 | 0.88 |
| USD	ENTERPRISE PRODUCTS OPERATING LLC 3.50000% 18-01.02.22 | 1 000 000.00 | 1 038 843.30 | 0.42 |
| USD	FIFTH THIRD BANCORP 3.65000% 19-25.01.24 | 1 500 000.00 | 1 636 345.65 | 0.67 |
| USD	FISERV INC 3.80000% 18-01.10.23 | 1 000 000.00 | 1 091 131.70 | 0.45 |
| USD	FORD MOTOR CREDIT CO LLC 2.34300% 17-02.11.20 | 1 500 000.00 | 1 498 125.00 | 0.61 |
| USD	GE CAPITAL INTL FUNDING CO 3.37300% 16-15.11.25 | 1 500 000.00 | 1 604 377.20 | 0.66 |
| USD	GENERAL MOTORS FINANCIAL CO INC 4.20000% 16-01.03.21 | 4 500 000.00 | 4 555 095.75 | 1.87 |
| USD	GENERAL MOTORS FINANCIAL CO INC 2.90000% 20-26.02.25 | 1 750 000.00 | 1 803 497.50 | 0.74 |
| USD	GOLDMAN SACHS GROUP INC/THE 3.20000% 18-23.02.23 | 2 000 000.00 | 2 120 602.00 | 0.87 |
| USD	GOLDMAN SACHS GROUP INC 2.35000% 16-15.11.21 | 3 000 000.00 | 3 006 876.00 | 1.23 |
| USD	HCA INC 4.75000% 12-01.05.23 | 1 000 000.00 | 1 090 889.00 | 0.45 |
| USD	INDIANA MICHIGAN POWER CO 3.20000% 13-15.03.23 | 2 000 000.00 | 2 108 754.20 | 0.86 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 3.00000% 19-15.05.24 | 2 000 000.00 | 2 166 377.80 | 0.89 |
| USD	JOHN DEERE CAPITAL CORP 3.65000% 18-12.10.23 | 1 000 000.00 | 1 098 825.90 | 0.45 |
| USD	JPMORGAN CHASE & CO 3.20000% 13-25.01.23 | 1 000 000.00 | 1 062 978.00 | 0.43 |
| USD	JPMORGAN CHASE & CO-SUB 3.87500% 14-10.09.24 | 2 000 000.00 | 2 218 372.40 | 0.91 |
| USD	KINDER MORGAN ENERGY PARTNERS LP 3.45000% 12-15.02.23 | 1 000 000.00 | 1 051 081.70 | 0.43 |
| USD	KROGER CO 2.80000% 17-01.08.22 | 1 000 000.00 | 1 038 989.30 | 0.43 |
| USD	LENNOX INTERNATIONAL INC 1.35000% 20-01.08.25 | 2 000 000.00 | 2 014 990.40 | 0.82 |
| USD	LLOYDS BANKING GROUP PLC 3.00000% 17-11.01.22 | 1 000 000.00 | 1 028 913.60 | 0.42 |
| USD	MASTERCARD INC 2.00000% 19-03.03.25 | 1 500 000.00 | 1 597 016.70 | 0.65 |
| USD	MERCK & CO INC 0.75000% 20-24.02.26 | 1 500 000.00 | 1 504 122.90 | 0.62 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 3.21800% 19-07.03.22 | 3 000 000.00 | 3 110 250.00 | 1.27 |
| USD	MITSUBISHI UFJ FINANCIAL GRP INC 2.19300% 20-25.02.25 | 1 000 000.00 | 1 045 770.00 | 0.43 |
| USD	MIZUHO FINANCIAL GROUP INC 2.60100% 17-11.09.22 | 1 250 000.00 | 1 298 905.25 | 0.53 |
| USD	NUCOR CORP 2.00000% 20-01.06.25 | 1 000 000.00 | 1 043 758.00 | 0.43 |
| USD	ORACLE CORP 2.40000% 16-15.09.23 | 1 500 000.00 | 1 577 649.30 | 0.65 |
| USD	ORACLE CORP 2.50000% 20-01.04.25 | 3 000 000.00 | 3 214 800.00 | 1.32 |
| USD	PAYPAL HOLDINGS INC 1.65000% 20-01.06.25 | 2 566 000.00 | 2 657 652.13 | 1.09 |
| USD	PFIZER INC 0.80000% 20-28.05.25 | 1 000 000.00 | 1 007 101.00 | 0.41 |
| USD	ROPER TECHNOLOGIES INC 1.00000% 20-15.09.25 | 1 500 000.00 | 1 503 237.00 | 0.62 |
| USD	SANTANDER UK PLC 2.10000% 20-13.01.23 | 1 000 000.00 | 1 031 974.90 | 0.42 |
| USD	SOUTHERN CO 2.35000% 16-01.07.21 | 2 500 000.00 | 2 533 058.50 | 1.04 |
| USD	SOUTHWEST AIRLINES CO 4.75000% 20-04.05.23 | 1 000 000.00 | 1 068 810.40 | 0.44 |
| USD	STEEL DYNAMICS INC 5.00000% 17-15.12.26 | 1 000 000.00 | 1 068 592.10 | 0.44 |
| USD	SUMITOMO MITSUI FIN GP INC 2.69600% 19-16.07.24 | 3 000 000.00 | 3 188 910.00 | 1.31 |
| USD	TELEFONICA EMISIONES SA 4.57000% 13-27.04.23 | 2 000 000.00 | 2 191 533.20 | 0.90 |
| USD	THERMO FISHER SCIENTIFIC INC 4.13300% 20-25.03.25 | 2 602 000.00 | 2 964 011.32 | 1.21 |
| USD	TOTAL CAPITAL CANADA LTD 2.75000% 13-15.07.23 | 1 065 000.00 | 1 133 439.78 | 0.46 |
| USD	UNITEDHEALTH GROUP INC 3.50000% 18-15.06.23 | 1 500 000.00 | 1 622 330.40 | 0.66 |
| USD	UNITEDHEALTH GROUP INC 3.50000% 18-15.02.24 | 2 000 000.00 | 2 198 915.00 | 0.90 |
| USD	VERIZON COMMUNICATIONS INC 3.37600% 18-15.02.25 | 2 000 000.00 | 2 229 126.40 | 0.91 |
| USD	VMWARE INC 2.95000% 17-21.08.22 | 2 500 000.00 | 2 602 872.25 | 1.07 |
| USD	WALT DISNEY CO 1.75000% 19-30.08.24 | 2 000 000.00 | 2 082 123.20 | 0.85 |
| USD	WELLS FARGO & CO-SUB 4.12500% 13-15.08.23 | 3 500 000.00 | 3 822 758.45 | 1.57 |
| USD	WESTPAC BANKING CORP 3.30000% 19-26.02.24 | 1 000 000.00 | 1 084 930.00 | 0.44 |
| Total USD |  | 132 474 058.30 | 54.26 |
| Total Notes, fixed rate |  | 132 474 058.30 | 54.26 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 3.864%/VAR 18-23.07.24 | 1 500 000.00 | 1 624 474.50 | 0.67 |
| USD	BK OF AMERICA CORP 3.004%/VAR 18-20.12.23 | 2 000 000.00 | 2 099 590.40 | 0.86 |
| USD	CITIGROUP INC 2.876%/VAR 17-24.07.23 | 1 000 000.00 | 1 037 673.60 | 0.42 |
| USD	CITIGROUP INC 4.044%/VAR 18-01.06.24 | 2 500 000.00 | 2 708 390.50 | 1.11 |
| USD	HSBC HOLDINGS PLC 3.950%/VAR 18-18.05.24 | 3 000 000.00 | 3 209 079.90 | 1.31 |
| USD	JPMORGAN CHASE & CO 3.797%/VAR 18-23.07.24 | 2 930 000.00 | 3 174 013.62 | 1.30 |
| Total USD |  | 13 853 222.52 | 5.67 |
| Total Notes, floating rate |  | 13 853 222.52 | 5.67 |

UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds (USD) Annual report and audited financial statements as of 30 September 2020
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |

Medium term notes, fixed rate
| USD |  |
| --- | --- |
| USD | BANK OF MONTREAL 2.50000% 19-28.06.24 | 2 000 000.00 | 2 126 258.40 | 0.87 |
| USD | DEUTSCHE BANK AG/NEW YORK NY 3.12500% 18-13.01.21 | 3 000 000.00 | 3 015 597.90 | 1.24 |
| USD | MORGAN STANLEY-SUB 4.10000% 13-22.05.23 | 4 000 000.00 | 4 332 681.20 | 1.77 |
| USD | ROYAL BANK OF CANADA 1.15000% 20-10.06.25 | 1 000 000.00 | 1 013 968.10 | 0.42 |
| USD | SAUDI ARABIAN OIL CO-144A 2.87500% 19-16.04.24 | 2 000 000.00 | 2 097 000.00 | 0.86 |
| Total USD |  |  | 12 585 505.60 | 5.16 |
| Total Medium term notes, fixed rate |  | 12 585 505.60 | 5.16 |
| Medium term notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 2.456%/VAR 19-22.10.25 | 2 000 000.00 | 2 108 655.40 | 0.86 |
| USD	BANK OF AMERICA CORP 2.015%/3M LIBOR+64BP 20-13.02.26 | 1 000 000.00 | 1 037 084.90 | 0.43 |
| Total USD |  | 3 145 740.30 | 1.29 |
| Total Medium term notes, floating rate |  | 3 145 740.30 | 1.29 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	JPMORGAN CHASE & CO 3.87500% 14-01.02.24 | 2 000 000.00 | 2 206 419.20 | 0.90 |
| USD	NEXTERA ENERGY 2.75000% 20-01.05.25 | 2 000 000.00 | 2 161 691.60 | 0.89 |
| USD	PNC BANK NATIONAL ASSOCIATION-SUB 2.70000% 12-01.11.22 | 3 000 000.00 | 3 135 741.90 | 1.28 |
| Total USD |  | 7 503 852.70 | 3.07 |
| Total Bonds, fixed rate |  | 7 503 852.70 | 3.07 |
| Bonds, floating rate |  |  |  |
| USD |  |  |  |
| USD	BP CAPITAL MARKETS PLC-SUB 4.375%/VAR 20-PRP | 1 500 000.00 | 1 563 750.00 | 0.64 |
| Total USD |  | 1 563 750.00 | 0.64 |
| Total Bonds, floating rate |  | 1 563 750.00 | 0.64 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 171 126 129.42 | 70.09 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ABBVIE INC-144A 3.25000% 20-01.10.22 | 1 480 000.00 | 1 547 917.79 | 0.63 |
| USD	BROADCOM INC 4.11000% 20-15.09.28 | 3 717 000.00 | 4 191 843.04 | 1.72 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 5.75000% 15-15.02.26 | 2 000 000.00 | 2 080 000.00 | 0.85 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 4.42000% 16-15.06.21 | 344 000.00 | 352 130.06 | 0.14 |
| USD	DUKE ENERGY CORP 3.05000% 12-15.08.22 | 3 704 000.00 | 3 852 254.08 | 1.58 |
| USD	ELANCO ANIMAL HEALTH INC 4.27200% 19-28.08.23 | 1 000 000.00 | 1 072 500.00 | 0.44 |
| USD	ENEL FINANCE INTERNATIONAL NV-144A 2.87500% 17-25.05.22 | 1 500 000.00 | 1 547 804.55 | 0.63 |
| USD	ENEL FINANCE INTERNATIONAL NV-144A 4.25000% 18-14.09.23 | 1 000 000.00 | 1 094 465.50 | 0.45 |
| USD	EQUINOR ASA 2.65000% 13-15.01.24 | 2 000 000.00 | 2 131 580.00 | 0.87 |
| USD	ERAC USA FINANCE LLC-144A 2.70000% 16-01.11.23 | 1 000 000.00 | 1 050 837.10 | 0.43 |
| USD	GLENCORE FUNDING LLC-144A 4.12500% 19-12.03.24 | 1 000 000.00 | 1 083 590.10 | 0.44 |
| USD	GLP CAPITAL LP / GLP FINANC II INC 3.35000% 19-01.09.24 | 2 000 000.00 | 2 028 620.00 | 0.83 |
| USD	GOLDMAN SACHS GROUP INC 3.75000% 15-22.05.25 | 3 000 000.00 | 3 334 207.80 | 1.37 |
| USD	HARLEY-DAVIDSON FIN.SERV INC-144A 3.35000% 18-15.02.23 | 1 000 000.00 | 1 039 031.60 | 0.43 |
| USD	KEYBANK NA/CLEVELAND OH 2.30000% 17-14.09.22 | 2 000 000.00 | 2 074 742.00 | 0.85 |
| USD	KINDER MORGAN INC-144A 5.62500% 13-15.11.23 | 2 000 000.00 | 2 252 075.80 | 0.92 |
| USD	MARATHON OIL CORP 2.80000% 12-01.11.22 | 2 000 000.00 | 2 048 723.20 | 0.84 |
| USD	MORGAN STANLEY 3.70000% 14-23.10.24 | 2 960 000.00 | 3 283 991.24 | 1.34 |
| USD	NESTLE HOLDINGS INC-144A 0.62500% 20-15.01.26 | 1 500 000.00 | 1 488 024.88 | 0.61 |
| USD	NXP BV / NXP FUNDING LLC-144A 4.87500% 18-01.03.24 | 1 500 000.00 | 1 686 775.80 | 0.69 |
| USD	OTIS WORLDWIDE CORP 2.05600% 20-05.04.25 | 2 000 000.00 | 2 104 479.40 | 0.86 |
| USD	PLAINS ALL AMERICAN PIPELINE LP 3.85000% 13-15.10.23 | 1 110 000.00 | 1 161 737.10 | 0.48 |
| USD	RAYTHEON TECHNOLOGIES CORP-144A 3.70000% 20-15.12.23 | 1 000 000.00 | 1 088 073.90 | 0.45 |
| USD	SUNOCO LOGISTICS PARTNERS OPERATIONS LP 3.45000% 13-15.01.23 | 1 000 000.00 | 1 019 336.30 | 0.42 |
| USD	SYDNEY AIRPORT FINANCE CO PTY LTD-144A 3.90000% 12-22.03.23 | 1 000 000.00 | 1 050 680.00 | 0.43 |
| USD	T-MOBILE USA INC-144A 1.50000% 20-15.02.26 | 1 500 000.00 | 1 511 580.00 | 0.62 |
| USD	UNION PACIFIC CORP 2.95000% 12-15.01.23 | 2 000 000.00 | 2 102 545.40 | 0.86 |
| Total USD |  | 49 279 546.64 | 20.18 |
| Total Notes, fixed rate |  | 49 279 546.64 | 20.18 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 3.30000% 13-11.01.23 | 1 000 000.00 | 1 061 488.20 | 0.43 |
| USD	MACQUARIE GROUP LTD-144A 6.25000% 11-14.01.21 | 1 000 000.00 | 1 016 223.90 | 0.42 |
| USD	WELLS FARGO & CO-SUB 3.45000% 13-13.02.23 | 2 000 000.00 | 2 119 616.80 | 0.87 |
| Total USD |  | 4 197 328.90 | 1.72 |
| Total Medium term notes, fixed rate |  | 4 197 328.90 | 1.72 |

UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds (USD)
Annual report and audited financial statements as of 30 September 2020
| Description	Quantity/ | Valuation in USD | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |

Bonds, fixed rate
| USD |  |
| --- | --- |
| USD | CAPITAL ONE BANK USA NA-SUB 3.37500% 13-15.02.23 | 2 000 000.00 | 2 115 149.80 | 0.87 |
| USD | METLIFE INC 4.36800% 13-15.09.23 | 1 500 000.00 | 1 670 524.50 | 0.68 |
| USD | PACIFIC GAS & ELECTRIC CO 3.45000% 20-01.07.25 | 1 000 000.00 | 1 053 243.60 | 0.43 |
| Total USD |  |  | 4 838 917.90 | 1.98 |
| Total Bonds, fixed rate |  | 4 838 917.90 | 1.98 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 58 315 793.44 | 23.88 |
| Recently issued transferable securities and money market instruments |  |  |  |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	SOCIETE GENERALE SA-144A 2.62500% 20-22.01.25 | 3 000 000.00 | 3 095 802.00 | 1.27 |
| Total USD |  | 3 095 802.00 | 1.27 |
| Total Medium term notes, fixed rate |  | 3 095 802.00 | 1.27 |
| Total Recently issued transferable securities and money market instruments |  | 3 095 802.00 | 1.27 |
| Total investments in securities |  | 232 537 724.86 | 95.24 |
| Forward Foreign Exchange contracts |  |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| CHF | 80 812 700.00 | USD | 88 256 423.25 | 26.10.2020 | -240 708.55 | -0.10 |
| --- | --- | --- | --- | --- | --- | --- |
| GBP | 2 676 000.00 | USD | 3 425 045.85 | 26.10.2020 | 34 890.66 | 0.02 |
| GBP | 123 100.00 | USD | 158 127.37 | 26.10.2020 | 1 034.88 | 0.00 |
| Total Forward Foreign Exchange contracts | -204 783.01 | -0.08 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 9 559 664.92 | 3.92 |
| Bank overdraft and other short-term liabilities | -9.82 | 0.00 |
| Other assets and liabilities | 2 261 792.38 | 0.92 |
| Total net assets | 244 154 389.33 | 100.00 |

UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds (USD) Annual report and audited financial statements as of 30 September 2020

Translation (ENFR, 2020-09-30):
# UBS (Lux) SICAV 1
– Medium Term USD Corporate Bonds (USD)
| Comparaison sur trois ans |  |
| --- | --- |
| Date | ISIN | 30.9.2020 | 30.9.2019 | 30.9.2018 |
| Actif net en USD |  | 244 154 389.33 | 220 995 279.36 | 137 540 876.94 |
| Catégorie F-acc | LU1008479229 |  |  |  |
| Actions en circulation |  | 924 436.5860 | 889 872.8810 | 972 812.3170 |
| Valeur nette d’inventaire par action en USD |  | 122.40 | 115.70 | 108.43 |
| Prix d’émission et de rachat par action en USD 1 |  | 122.40 | 115.70 | 108.43 |
| Catégorie (CHF hedged) F-acc | LU1008479575 |  |  |  |
| Actions en circulation |  | 769 255.0000 | 587 230.0000 | 221 870.0000 |
| Valeur nette d’inventaire par action en CHF |  | 106.63 | 103.24 | 100.08 |
| Prix d’émission et de rachat par action en CHF 1 |  | 106.63 | 103.24 | 100.08 |
| Catégorie (SGD hedged) F-acc 2 | LU1008479906 |  |  |  |
| Actions en circulation |  | - | - | 2 576.0000 |
| Valeur nette d’inventaire par action en SGD |  | - | - | 108.40 |
| Prix d’émission et de rachat par action en SGD 1 |  | - | - | 108.40 |
| Catégorie F-UKdist | LU1008479492 |  |  |  |
| Actions en circulation |  | 365 505.0000 | 326 780.0000 | 49 030.0000 |
| Valeur nette d’inventaire par action en USD |  | 101.87 | 99.17 | 96.06 |
| Prix d’émission et de rachat par action en USD 1 |  | 101.87 | 99.17 | 96.06 |
| Catégorie (CHF hedged) F-UKdist | LU1008479658 |  |  |  |
| Actions en circulation |  | 8 100.0000 | 9 400.0000 | 9 400.0000 |
| Valeur nette d’inventaire par action en CHF |  | 88.35 | 88.17 | 88.39 |
| Prix d’émission et de rachat par action en CHF 1 |  | 88.35 | 88.17 | 88.39 |
| Catégorie (GBP hedged) F-UKdist | LU1008479815 |  |  |  |
| Actions en circulation |  | 29 872.0820 | 23 498.9770 | 29 121.9370 |
| Valeur nette d’inventaire par action en GBP |  | 96.17 | 95.07 | 93.78 |
| Prix d’émission et de rachat par action en GBP 1 |  | 96.17 | 95.07 | 93.78 |
| Catégorie U-X-acc 3 | LU2007311660 |  |  |  |
| Actions en circulation |  | - | 2 093.9720 | - |
| Valeur nette d’inventaire par action en USD |  | - | 10 148.68 | - |
| Prix d’émission et de rachat par action en USD 1 |  | - | 10 148.68 | - |
| 1  Voir note 1 2  La catégorie d’actions (SGD hedged) F-acc était en circulation jusqu’au 29.1.2019 3  La catégorie d’actions U-X-acc était en circulation pour la période allant du 20.6.2019 au 7.1.2020 |  |  |  |  |
| Performance |  |  |  |  |
|  | Devise | 2019/2020 | 2018/2019 | 2017/2018 |
| Catégorie F-acc | USD | 5.8% | 6.7% | 0.2% |
| Catégorie (CHF hedged) F-acc | CHF | 3.3% | 3.2% | -2.7% |
| Catégorie (SGD hedged) F-acc 1 | SGD | - | - | -0.4% |
| Catégorie F-UKdist | USD | 5.8% | 6.7% | 0.2% |
| Catégorie (CHF hedged) F-UKdist | CHF | 3.3% | 3.2% | -2.7% |
| Catégorie (GBP hedged) F-UKdist | GBP | 4.3% | 4.9% | -1.3% |
| Catégorie U-X-acc 2 | USD | - | - | - |

1 
La catégorie d’actions (SGD hedged) F-acc était en circulation jusqu’au 29.1.2019. Dès lors, aucune donnée n’est disponible pour calculer la performance.
2 
La catégorie d’actions U-X-acc était en circulation pour la période allant du 20.6.2019 au 7.1.2020. Dès lors, aucune donnée n’est disponible pour calculer la performance.
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 actions. Les données de performance ne sont pas auditées.
Le compartiment n’a pas d’indice de référence.
UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds (USD) Rapport annuel et états financiers révisés au 30 septembre 2020

### Rapport du Gestionnaire de portefeuille
Au cours de l’exercice financier, allant du 1
er 
octobre 2019 au 30 septembre 2020, les rendements des bons du Trésor américain à court terme ont considérablement diminué, atteignant de nouveaux planchers historiques, en particulier début 2020, en raison de la pandémie mondiale. La Fed a abaissé le taux des fonds fédéraux à la limite inférieure aux alentours de zéro en mars 2020, au cours de deux sessions internes. Les écarts de crédit d’entreprise américains de 1 à 5 ans notés «investment grade» ont terminé la période à un niveau plus élevé, avec des phases de resserrement pour l’essentiel de 2019, avant une inversion de tendance en 2020 et un brusque élargissement au premier trimestre. Les écarts d’entreprise se sont brusquement élargis en mars 2020, avant un début de redressement suite à l’annonce de la Fed fin mars indiquant qu’elle allait commencer à ache- ter des obligations d’entreprise pour la toute première fois. Suite à cette décision sans précédent de la Fed, les écarts de crédit d’entreprise se sont redressés et se sont resserrés à des niveaux plus normaux, s’échangeant dans une fourchette plus réduite sur l’été et jusqu’à la fin de l’exercice financier.
Le compartiment a réalisé une performance positive au cours de l’exercice. La baisse des rendements des bons du Trésor américain a eu un impact positif sur la perfor- mance qui a plus que compensé l’impact négatif de l’ac- centuation des écarts de crédit des entreprises au cours de la période. Le compartiment a adopté une approche diversifiée en investissant dans une grande variété de sec- teurs et d’émetteurs du marché des obligations d’entre- prises. La duration du compartiment ajustée à l’option à la fin de l’exercice financier s’est avérée légèrement supérieure à celle de l’exercice précédent, conformément aux évolutions du marché. La gestion de la duration et celle des écarts ont toutes deux contribué positivement, compte tenu de la performance du marché des obliga- tions d’entreprises américaines.

### Structure du portefeuille-titres
Répartition géographique en % de l’actif net	
Etats-Unis	74.16
Canada	5.01
Japon	3.54
Grande-Bretagne	2.80
| Irlande | 2.77 |
| --- | --- |
| Pays-Bas | 1.77 |
| Australie | 1.29 |
| France | 1.27 |
| Espagne | 0.90 |
| Norvège | 0.87 |
| Arabie saoudite | 0.86 |
| Total | 95.24 |

Répartition économique en % de l’actif net	
Banques & instituts de crédit	28.24
Etablissements financiers et sociétés de participation	20.88
Distribution d’énergie & d’eau	5.36
Pétrole	3.91
Internet, logiciels et services informatiques	3.88
Produits pharmaceutiques, cosmétiques & médicaux	3.80
Equipement informatique et de réseau	3.46
Télécommunications	3.28
Soins de santé & services sociaux	2.64
Assurances	2.06
Tabac et boissons alcoolisées	1.99
Electronique et semi-conducteurs	1.90
Trafic et transport	1.73
Machines et appareils	1.48
Commerce de détail, centres commerciaux	1.46
Industrie minière, charbon et acier	1.31
Biotechnologie	1.30
Services divers	1.09
Appareils et composants électriques	0.95
Industrie graphique, édition et médias	0.90
Industrie aéronautique et spatiale	0.88
Restauration et loisirs	0.83
Bâtiment et matériaux de construction	0.82
Alimentation & softs	0.61
Diverses sociétés non classées	0.48
Total	95.24
UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds (USD) Rapport annuel et états financiers révisés au 30 septembre 2020

### Etat des actifs nets
Actif	30.9.2020
USD
Portefeuille-titres, cours d’achat	223 126 526.33
| Portefeuille-titres, plus-/(moins)-value non réalisée | 	9 411 198.53	 |
| --- | --- |
| Total du Portefeuille-titres (note 1) | 232 537 724.86 |
| Avoirs en banque, dépôts à vue et à terme | 9 559 664.92 |
| Créances sur achats de titres (note 1) | 304 670.89 |
| Créances sur souscriptions | 271 564.58 |
| Intérêts à recevoir sur titres | 1 694 995.22 |
| Autres créances | 100 041.23 |
| Total de l’Actif | 244 468 661.70 |
|  |  |
| Passif |  |
| Bénéfice/(perte) non réalisé(e) sur contrats de change à terme (note 1) | -204 783.01 |
| Crédit en compte courant | -9.82 |
| Engagements sur achats de titres (note 1) | -1 035.27 |
| Engagements sur rachats | -3 426.36 |
| Provisions pour commission de gestion forfaitaire (note 2) | -25 340.46 |
| Provisions pour taxe d’abonnement (note 3) | -6 103.86 |
| Provisions pour autres commissions et frais (note 2) | 	-73 573.59	 |
| Total des Provisions pour frais | -105 017.91 |
| Total du Passif | -314 272.37 |
|  |  |
| Actif net à la fin de l’exercice | 244 154 389.33 |
| Etat des opérations | USD |
| Revenus | 1.10.2019-30.9.2020 |
| Revenus d’intérêts sur liquidités | 12 304.24 |
| Intérêts sur titres | 7 438 161.55 |
| Revenus sur prêts de titres (note 14) | 11 781.87 |
| Autres revenus (note 4) | 286 012.03 |
| Total des Revenus | 7 748 259.69 |
|  |  |
| Charges |  |
| Frais sur prêts de titres (note 14) | -4 712.75 |
| Commission de gestion forfaitaire (note 2) | -585 672.94 |
| Taxe d’abonnement (note 3) | -22 988.04 |
| Autres commissions et frais (note 2) | -70 537.72 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -14.92 |
| Total des Charges | -683 926.37 |
|  |  |
| Revenus/pertes net(te)s de placements | 7 064 333.32 |
|  |  |
| Bénéfices/(pertes) réalisé(e)s (note 1) |  |
| Bénéfice/(perte) réalisé(e) sur titres évalués à la valeur de marché hors options | 1 597 919.71 |
| Bénéfice/perte réalisé(e) sur contrats financiers à terme | -58 363.50 |
| Bénéfice/(perte) réalisé(e) sur contrats de change à terme | 6 163 885.99 |
| Bénéfice/(perte) de change réalisé(e) | 678 285.80 |
| Total des Bénéfices/(pertes) réalisé(e)s | 8 381 728.00 |
|  |  |
| Bénéfice/(perte) net(te) réalisé(e) au cours de l’exercice | 15 446 061.32 |
|  |  |
| Fluctuations de la plus-/(moins)-value non réalisée (note 1) |  |
| Plus-/(moins)-value non réalisée sur titres évalués à la valeur de marché hors options | 5 363 538.24 |
| Plus-/(moins)-value non réalisée sur contrats financiers à terme | 25 234.40 |
| Plus-/(moins)-value non réalisée sur contrats de change à terme | 36 183.49 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée | 5 424 956.13 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | 20 871 017.45 |

UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds (USD) Rapport annuel et états financiers révisés au 30 septembre 2020
| Fluctuations de l’actif net |  |
| --- | --- |
|  |  | USD |
|  |  | 1.10.2019-30.9.2020 |
| Actif net au début de l’exercice |  | 220 995 279.36 |
| Souscriptions |  | 89 856 075.90 |
| Rachats |  | 	-86 512 206.27	 |
| Total des Entrées/(sorties) de capitaux |  | 3 343 869.63 |
| Dividendes versés |  | -1 055 777.11 |
| Revenus/pertes net(te)s de placements |  | 7 064 333.32 |
| Total des Bénéfices/(pertes) réalisé(e)s |  | 8 381 728.00 |
| Total des Fluctuations de la plus-/(moins)-value non réalisée |  | 	5 424 956.13	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité |  | 20 871 017.45 |
| Actif net à la fin de l’exercice |  | 244 154 389.33 |
| Evolution des actions en circulation |  |  |
|  |  | 1.10.2019-30.9.2020 |
| Catégorie |  | F-acc |
| Nombre d’actions en circulation au début de l’exercice |  | 889 872.8810 |
| Nombre d’actions émises |  | 264 510.2670 |
| Nombre d’actions rachetées |  | -229 946.5620 |
| Nombre d’actions en circulation à la fin de l’exercice |  | 924 436.5860 |
| Catégorie |  | (CHF hedged) F-acc |
| Nombre d’actions en circulation au début de l’exercice |  | 587 230.0000 |
| Nombre d’actions émises |  | 455 000.0000 |
| Nombre d’actions rachetées |  | -272 975.0000 |
| Nombre d’actions en circulation à la fin de l’exercice |  | 769 255.0000 |
| Catégorie |  | F-UKdist |
| Nombre d’actions en circulation au début de l’exercice |  | 326 780.0000 |
| Nombre d’actions émises |  | 63 120.0000 |
| Nombre d’actions rachetées |  | -24 395.0000 |
| Nombre d’actions en circulation à la fin de l’exercice |  | 365 505.0000 |
| Catégorie |  | (CHF hedged) F-UKdist |
| Nombre d’actions en circulation au début de l’exercice |  | 9 400.0000 |
| Nombre d’actions émises |  | 0.0000 |
| Nombre d’actions rachetées |  | -1 300.0000 |
| Nombre d’actions en circulation à la fin de l’exercice |  | 8 100.0000 |
| Catégorie |  | (GBP hedged) F-UKdist |
| Nombre d’actions en circulation au début de l’exercice |  | 23 498.9770 |
| Nombre d’actions émises |  | 13 786.8330 |
| Nombre d’actions rachetées |  | -7 413.7280 |
| Nombre d’actions en circulation à la fin de l’exercice |  | 29 872.0820 |
| Catégorie |  | U-X-acc |
| Nombre d’actions en circulation au début de l’exercice |  | 2 093.9720 |
| Nombre d’actions émises |  | 322.0000 |
| Nombre d’actions rachetées |  | -2 415.9720 |
| Nombre d’actions en circulation à la fin de l’exercice |  | 0.0000 |
| Distribution 1 |  |  |
| UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds (USD) Date de détachement | Date de versement | Devise	Montant par action |
| F-UKdist	15.10.2019 | 18.10.2019 | USD	2.89 |
| (CHF hedged) F-UKdist	15.10.2019 | 18.10.2019 | CHF	2.62 |
| (GBP hedged) F-UKdist	15.10.2019 | 18.10.2019 | GBP	2.90 |
| 1  Voir note 5 |  |  |

UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds (USD) Rapport annuel et états financiers révisés au 30 septembre 2020

### Etat du portefeuille-titres et autres actifs nets au 30 septembre 2020
| Dénomination | Quantité/ | Evaluation en USD | en % |
| --- | --- | --- | --- |
|  | Nominal | Plus- (Moins-) value non- | des |
|  |  | réalisée sur Futures/ | actifs |
|  |  | Contrats de | nets |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
| Titres et instruments du marché monétaire négociés sur une bourse officielle |  |  |  |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	ABBVIE INC 2.90000% 13-06.11.22 | 2 000 000.00 | 2 097 247.80 | 0.86 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 5.00000% 15-01.10.21 | 2 000 000.00 | 2 061 451.00 | 0.84 |
| USD	AERCAP IRELAND CAP/ GLBL AVIATION TRUST 6.50000% 20-15.07.25 | 1 000 000.00 | 1 079 565.90 | 0.44 |
| USD	ALPHABET INC 0.45000% 20-15.08.25 | 1 000 000.00 | 994 980.70 | 0.41 |
| USD	ALTRIA GROUP INC 3.49000% 19-14.02.22 | 1 500 000.00 | 1 559 974.95 | 0.64 |
| USD	AMAZON.COM INC 0.80000% 20-03.06.25 | 2 500 000.00 | 2 530 053.50 | 1.04 |
| USD	AMERICAN EXPRESS CO 2.50000% 17-01.08.22 | 1 000 000.00 | 1 036 289.90 | 0.42 |
| USD	AMERICAN INTL GROUP INC 2.50000% 20-30.06.25 | 1 250 000.00 | 1 334 900.00 | 0.55 |
| USD	AMGEN INC 2.70000% 15-01.05.22 | 2 000 000.00 | 2 068 077.80 | 0.85 |
| USD	AMGEN INC 3.12500% 15-01.05.25 | 1 000 000.00 | 1 097 926.30 | 0.45 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.15000% 19-23.01.25 | 2 000 000.00 | 2 263 055.40 | 0.93 |
| USD	ANTHEM INC 3.70000% 11-15.08.21 | 1 500 000.00 | 1 530 128.25 | 0.63 |
| USD	AON PLC 2.80000% 15-15.03.21 | 2 000 000.00 | 2 018 297.80 | 0.83 |
| USD	APPLE INC 2.40000% 17-13.01.23 | 2 000 000.00 | 2 089 389.20 | 0.86 |
| USD	AT&T INC 2.62500% 12-01.12.22 | 2 000 000.00 | 2 083 319.40 | 0.85 |
| USD	BANK OF NOVA SCOTIA-SUB 4.50000% 15-16.12.25 | 5 000 000.00 | 5 791 918.50 | 2.37 |
| USD	BAT CAPITAL CORP 3.22200% 18-15.08.24 | 1 000 000.00 | 1 069 916.70 | 0.44 |
| USD	BOEING CO 4.50800% 20-01.05.23 | 1 000 000.00 | 1 054 340.00 | 0.43 |
| USD	CCO LLC/CAPITAL 4.90800% 16-23.07.25 | 2 000 000.00 | 2 312 445.40 | 0.95 |
| USD	CITIGROUP INC-SUB 4.40000% 15-10.06.25 | 2 000 000.00 | 2 256 615.60 | 0.92 |
| USD	COMCAST CORP 3.70000% 18-15.04.24 | 2 000 000.00 | 2 208 589.80 | 0.90 |
| USD	CONSTELLATION BRANDS INC 2.70000% 17-09.05.22 | 1 000 000.00 | 1 032 437.40 | 0.42 |
| USD	CVS HEALTH CORP 3.70000% 18-09.03.23 | 863 000.00 | 924 781.31 | 0.38 |
| USD	CVS HEALTH CORP 3.87500% 15-20.07.25 | 1 000 000.00 | 1 126 641.50 | 0.46 |
| USD	DTE ENERGY CO 3.30000% 15-15.06.22 | 2 955 000.00 | 3 075 142.61 | 1.26 |
| USD	ENBRIDGE INC 3.50000% 14-10.06.24 | 2 000 000.00 | 2 157 857.00 | 0.88 |
| USD	ENTERPRISE PRODUCTS OPERATING LLC 3.50000% 18-01.02.22 | 1 000 000.00 | 1 038 843.30 | 0.42 |
| USD	FIFTH THIRD BANCORP 3.65000% 19-25.01.24 | 1 500 000.00 | 1 636 345.65 | 0.67 |
| USD	FISERV INC 3.80000% 18-01.10.23 | 1 000 000.00 | 1 091 131.70 | 0.45 |
| USD	FORD MOTOR CREDIT CO LLC 2.34300% 17-02.11.20 | 1 500 000.00 | 1 498 125.00 | 0.61 |
| USD	GE CAPITAL INTL FUNDING CO 3.37300% 16-15.11.25 | 1 500 000.00 | 1 604 377.20 | 0.66 |
| USD	GENERAL MOTORS FINANCIAL CO INC 4.20000% 16-01.03.21 | 4 500 000.00 | 4 555 095.75 | 1.87 |
| USD	GENERAL MOTORS FINANCIAL CO INC 2.90000% 20-26.02.25 | 1 750 000.00 | 1 803 497.50 | 0.74 |
| USD	GOLDMAN SACHS GROUP INC/THE 3.20000% 18-23.02.23 | 2 000 000.00 | 2 120 602.00 | 0.87 |
| USD	GOLDMAN SACHS GROUP INC 2.35000% 16-15.11.21 | 3 000 000.00 | 3 006 876.00 | 1.23 |
| USD	HCA INC 4.75000% 12-01.05.23 | 1 000 000.00 | 1 090 889.00 | 0.45 |
| USD	INDIANA MICHIGAN POWER CO 3.20000% 13-15.03.23 | 2 000 000.00 | 2 108 754.20 | 0.86 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 3.00000% 19-15.05.24 | 2 000 000.00 | 2 166 377.80 | 0.89 |
| USD	JOHN DEERE CAPITAL CORP 3.65000% 18-12.10.23 | 1 000 000.00 | 1 098 825.90 | 0.45 |
| USD	JPMORGAN CHASE & CO 3.20000% 13-25.01.23 | 1 000 000.00 | 1 062 978.00 | 0.43 |
| USD	JPMORGAN CHASE & CO-SUB 3.87500% 14-10.09.24 | 2 000 000.00 | 2 218 372.40 | 0.91 |
| USD	KINDER MORGAN ENERGY PARTNERS LP 3.45000% 12-15.02.23 | 1 000 000.00 | 1 051 081.70 | 0.43 |
| USD	KROGER CO 2.80000% 17-01.08.22 | 1 000 000.00 | 1 038 989.30 | 0.43 |
| USD	LENNOX INTERNATIONAL INC 1.35000% 20-01.08.25 | 2 000 000.00 | 2 014 990.40 | 0.82 |
| USD	LLOYDS BANKING GROUP PLC 3.00000% 17-11.01.22 | 1 000 000.00 | 1 028 913.60 | 0.42 |
| USD	MASTERCARD INC 2.00000% 19-03.03.25 | 1 500 000.00 | 1 597 016.70 | 0.65 |
| USD	MERCK & CO INC 0.75000% 20-24.02.26 | 1 500 000.00 | 1 504 122.90 | 0.62 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 3.21800% 19-07.03.22 | 3 000 000.00 | 3 110 250.00 | 1.27 |
| USD	MITSUBISHI UFJ FINANCIAL GRP INC 2.19300% 20-25.02.25 | 1 000 000.00 | 1 045 770.00 | 0.43 |
| USD	MIZUHO FINANCIAL GROUP INC 2.60100% 17-11.09.22 | 1 250 000.00 | 1 298 905.25 | 0.53 |
| USD	NUCOR CORP 2.00000% 20-01.06.25 | 1 000 000.00 | 1 043 758.00 | 0.43 |
| USD	ORACLE CORP 2.40000% 16-15.09.23 | 1 500 000.00 | 1 577 649.30 | 0.65 |
| USD	ORACLE CORP 2.50000% 20-01.04.25 | 3 000 000.00 | 3 214 800.00 | 1.32 |
| USD	PAYPAL HOLDINGS INC 1.65000% 20-01.06.25 | 2 566 000.00 | 2 657 652.13 | 1.09 |
| USD	PFIZER INC 0.80000% 20-28.05.25 | 1 000 000.00 | 1 007 101.00 | 0.41 |
| USD	ROPER TECHNOLOGIES INC 1.00000% 20-15.09.25 | 1 500 000.00 | 1 503 237.00 | 0.62 |
| USD	SANTANDER UK PLC 2.10000% 20-13.01.23 | 1 000 000.00 | 1 031 974.90 | 0.42 |
| USD	SOUTHERN CO 2.35000% 16-01.07.21 | 2 500 000.00 | 2 533 058.50 | 1.04 |
| USD	SOUTHWEST AIRLINES CO 4.75000% 20-04.05.23 | 1 000 000.00 | 1 068 810.40 | 0.44 |
| USD	STEEL DYNAMICS INC 5.00000% 17-15.12.26 | 1 000 000.00 | 1 068 592.10 | 0.44 |
| USD	SUMITOMO MITSUI FIN GP INC 2.69600% 19-16.07.24 | 3 000 000.00 | 3 188 910.00 | 1.31 |
| USD	TELEFONICA EMISIONES SA 4.57000% 13-27.04.23 | 2 000 000.00 | 2 191 533.20 | 0.90 |
| USD	THERMO FISHER SCIENTIFIC INC 4.13300% 20-25.03.25 | 2 602 000.00 | 2 964 011.32 | 1.21 |
| USD	TOTAL CAPITAL CANADA LTD 2.75000% 13-15.07.23 | 1 065 000.00 | 1 133 439.78 | 0.46 |
| USD	UNITEDHEALTH GROUP INC 3.50000% 18-15.06.23 | 1 500 000.00 | 1 622 330.40 | 0.66 |
| USD	UNITEDHEALTH GROUP INC 3.50000% 18-15.02.24 | 2 000 000.00 | 2 198 915.00 | 0.90 |
| USD	VERIZON COMMUNICATIONS INC 3.37600% 18-15.02.25 | 2 000 000.00 | 2 229 126.40 | 0.91 |
| USD	VMWARE INC 2.95000% 17-21.08.22 | 2 500 000.00 | 2 602 872.25 | 1.07 |
| USD	WALT DISNEY CO 1.75000% 19-30.08.24 | 2 000 000.00 | 2 082 123.20 | 0.85 |
| USD	WELLS FARGO & CO-SUB 4.12500% 13-15.08.23 | 3 500 000.00 | 3 822 758.45 | 1.57 |
| USD	WESTPAC BANKING CORP 3.30000% 19-26.02.24 | 1 000 000.00 | 1 084 930.00 | 0.44 |
| Total USD |  | 132 474 058.30 | 54.26 |
| Total des Billets, taux fixe |  | 132 474 058.30 | 54.26 |
| Billets, taux variable |  |  |  |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 3.864%/VAR 18-23.07.24 | 1 500 000.00 | 1 624 474.50 | 0.67 |
| USD	BK OF AMERICA CORP 3.004%/VAR 18-20.12.23 | 2 000 000.00 | 2 099 590.40 | 0.86 |
| USD	CITIGROUP INC 2.876%/VAR 17-24.07.23 | 1 000 000.00 | 1 037 673.60 | 0.42 |
| USD	CITIGROUP INC 4.044%/VAR 18-01.06.24 | 2 500 000.00 | 2 708 390.50 | 1.11 |
| USD	HSBC HOLDINGS PLC 3.950%/VAR 18-18.05.24 | 3 000 000.00 | 3 209 079.90 | 1.31 |
| USD	JPMORGAN CHASE & CO 3.797%/VAR 18-23.07.24 | 2 930 000.00 | 3 174 013.62 | 1.30 |
| Total USD |  | 13 853 222.52 | 5.67 |
| Total des Billets, taux variable |  | 13 853 222.52 | 5.67 |

UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds (USD) Rapport annuel et états financiers révisés au 30 septembre 2020
| Dénomination | Quantité/ | Evaluation en USD | en % |
| --- | --- | --- | --- |
|  | Nominal | Plus- (Moins-) value non- | des |
|  |  | réalisée sur Futures/ | actifs |
|  |  | Contrats de | nets |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
| Medium-Term Notes, taux fixe |  |  |  |
| USD |  |  |  |
| USD	BANK OF MONTREAL 2.50000% 19-28.06.24 | 2 000 000.00 | 2 126 258.40 | 0.87 |
| USD	DEUTSCHE BANK AG/NEW YORK NY 3.12500% 18-13.01.21 | 3 000 000.00 | 3 015 597.90 | 1.24 |
| USD	MORGAN STANLEY-SUB 4.10000% 13-22.05.23 | 4 000 000.00 | 4 332 681.20 | 1.77 |
| USD	ROYAL BANK OF CANADA 1.15000% 20-10.06.25 | 1 000 000.00 | 1 013 968.10 | 0.42 |
| USD	SAUDI ARABIAN OIL CO-144A 2.87500% 19-16.04.24 | 2 000 000.00 | 2 097 000.00 | 0.86 |
| Total USD |  | 12 585 505.60 | 5.16 |
| Total des Medium-Term Notes, taux fixe |  | 12 585 505.60 | 5.16 |
| Medium-Term Notes, taux variable |  |  |  |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 2.456%/VAR 19-22.10.25 | 2 000 000.00 | 2 108 655.40 | 0.86 |
| USD	BANK OF AMERICA CORP 2.015%/3M LIBOR+64BP 20-13.02.26 | 1 000 000.00 | 1 037 084.90 | 0.43 |
| Total USD |  | 3 145 740.30 | 1.29 |
| Total des Medium-Term Notes, taux variable |  | 3 145 740.30 | 1.29 |
| Obligations, taux fixe |  |  |  |
| USD |  |  |  |
| USD	JPMORGAN CHASE & CO 3.87500% 14-01.02.24 | 2 000 000.00 | 2 206 419.20 | 0.90 |
| USD	NEXTERA ENERGY 2.75000% 20-01.05.25 | 2 000 000.00 | 2 161 691.60 | 0.89 |
| USD	PNC BANK NATIONAL ASSOCIATION-SUB 2.70000% 12-01.11.22 | 3 000 000.00 | 3 135 741.90 | 1.28 |
| Total USD |  | 7 503 852.70 | 3.07 |
| Total des Obligations, taux fixe |  | 7 503 852.70 | 3.07 |
| Obligations, taux variable |  |  |  |
| USD |  |  |  |
| USD	BP CAPITAL MARKETS PLC-SUB 4.375%/VAR 20-PRP | 1 500 000.00 | 1 563 750.00 | 0.64 |
| Total USD |  | 1 563 750.00 | 0.64 |
| Total des Obligations, taux variable |  | 1 563 750.00 | 0.64 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 171 126 129.42 | 70.09 |
| Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  |  |  |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	ABBVIE INC-144A 3.25000% 20-01.10.22 | 1 480 000.00 | 1 547 917.79 | 0.63 |
| USD	BROADCOM INC 4.11000% 20-15.09.28 | 3 717 000.00 | 4 191 843.04 | 1.72 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 5.75000% 15-15.02.26 | 2 000 000.00 | 2 080 000.00 | 0.85 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 4.42000% 16-15.06.21 | 344 000.00 | 352 130.06 | 0.14 |
| USD	DUKE ENERGY CORP 3.05000% 12-15.08.22 | 3 704 000.00 | 3 852 254.08 | 1.58 |
| USD	ELANCO ANIMAL HEALTH INC 4.27200% 19-28.08.23 | 1 000 000.00 | 1 072 500.00 | 0.44 |
| USD	ENEL FINANCE INTERNATIONAL NV-144A 2.87500% 17-25.05.22 | 1 500 000.00 | 1 547 804.55 | 0.63 |
| USD	ENEL FINANCE INTERNATIONAL NV-144A 4.25000% 18-14.09.23 | 1 000 000.00 | 1 094 465.50 | 0.45 |
| USD	EQUINOR ASA 2.65000% 13-15.01.24 | 2 000 000.00 | 2 131 580.00 | 0.87 |
| USD	ERAC USA FINANCE LLC-144A 2.70000% 16-01.11.23 | 1 000 000.00 | 1 050 837.10 | 0.43 |
| USD	GLENCORE FUNDING LLC-144A 4.12500% 19-12.03.24 | 1 000 000.00 | 1 083 590.10 | 0.44 |
| USD	GLP CAPITAL LP / GLP FINANC II INC 3.35000% 19-01.09.24 | 2 000 000.00 | 2 028 620.00 | 0.83 |
| USD	GOLDMAN SACHS GROUP INC 3.75000% 15-22.05.25 | 3 000 000.00 | 3 334 207.80 | 1.37 |
| USD	HARLEY-DAVIDSON FIN.SERV INC-144A 3.35000% 18-15.02.23 | 1 000 000.00 | 1 039 031.60 | 0.43 |
| USD	KEYBANK NA/CLEVELAND OH 2.30000% 17-14.09.22 | 2 000 000.00 | 2 074 742.00 | 0.85 |
| USD	KINDER MORGAN INC-144A 5.62500% 13-15.11.23 | 2 000 000.00 | 2 252 075.80 | 0.92 |
| USD	MARATHON OIL CORP 2.80000% 12-01.11.22 | 2 000 000.00 | 2 048 723.20 | 0.84 |
| USD	MORGAN STANLEY 3.70000% 14-23.10.24 | 2 960 000.00 | 3 283 991.24 | 1.34 |
| USD	NESTLE HOLDINGS INC-144A 0.62500% 20-15.01.26 | 1 500 000.00 | 1 488 024.88 | 0.61 |
| USD	NXP BV / NXP FUNDING LLC-144A 4.87500% 18-01.03.24 | 1 500 000.00 | 1 686 775.80 | 0.69 |
| USD	OTIS WORLDWIDE CORP 2.05600% 20-05.04.25 | 2 000 000.00 | 2 104 479.40 | 0.86 |
| USD	PLAINS ALL AMERICAN PIPELINE LP 3.85000% 13-15.10.23 | 1 110 000.00 | 1 161 737.10 | 0.48 |
| USD	RAYTHEON TECHNOLOGIES CORP-144A 3.70000% 20-15.12.23 | 1 000 000.00 | 1 088 073.90 | 0.45 |
| USD	SUNOCO LOGISTICS PARTNERS OPERATIONS LP 3.45000% 13-15.01.23 | 1 000 000.00 | 1 019 336.30 | 0.42 |
| USD	SYDNEY AIRPORT FINANCE CO PTY LTD-144A 3.90000% 12-22.03.23 | 1 000 000.00 | 1 050 680.00 | 0.43 |
| USD	T-MOBILE USA INC-144A 1.50000% 20-15.02.26 | 1 500 000.00 | 1 511 580.00 | 0.62 |
| USD	UNION PACIFIC CORP 2.95000% 12-15.01.23 | 2 000 000.00 | 2 102 545.40 | 0.86 |
| Total USD |  | 49 279 546.64 | 20.18 |
| Total des Billets, taux fixe |  | 49 279 546.64 | 20.18 |
| Medium-Term Notes, taux fixe |  |  |  |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 3.30000% 13-11.01.23 | 1 000 000.00 | 1 061 488.20 | 0.43 |
| USD	MACQUARIE GROUP LTD-144A 6.25000% 11-14.01.21 | 1 000 000.00 | 1 016 223.90 | 0.42 |
| USD	WELLS FARGO & CO-SUB 3.45000% 13-13.02.23 | 2 000 000.00 | 2 119 616.80 | 0.87 |
| Total USD |  | 4 197 328.90 | 1.72 |
| Total des Medium-Term Notes, taux fixe |  | 4 197 328.90 | 1.72 |

UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds (USD) Rapport annuel et états financiers révisés au 30 septembre 2020
| Dénomination | Quantité/ | Evaluation en USD | en % |
| --- | --- | --- | --- |
|  | Nominal | Plus- (Moins-) value non- | des |
|  |  | réalisée sur Futures/ | actifs |
|  |  | Contrats de | nets |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
| Obligations, taux fixe |  |  |  |
| USD |  |  |  |
| USD	CAPITAL ONE BANK USA NA-SUB 3.37500% 13-15.02.23 | 2 000 000.00 | 2 115 149.80 | 0.87 |
| USD	METLIFE INC 4.36800% 13-15.09.23 | 1 500 000.00 | 1 670 524.50 | 0.68 |
| USD	PACIFIC GAS & ELECTRIC CO 3.45000% 20-01.07.25 | 1 000 000.00 | 1 053 243.60 | 0.43 |
| Total USD |  | 4 838 917.90 | 1.98 |
| Total des Obligations, taux fixe |  | 4 838 917.90 | 1.98 |
| Total des Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  | 58 315 793.44 | 23.88 |
| Nouvelles émissions de titres et instruments du marché monétaire Medium-Term Notes, taux fixe |  |  |  |
| USD |  |  |  |
| USD	SOCIETE GENERALE SA-144A 2.62500% 20-22.01.25 | 3 000 000.00 | 3 095 802.00 | 1.27 |
| Total USD |  | 3 095 802.00 | 1.27 |
| Total des Medium-Term Notes, taux fixe |  | 3 095 802.00 | 1.27 |
| Total des Nouvelles émissions de titres et instruments du marché monétaire |  | 3 095 802.00 | 1.27 |
| Total du Portefeuille-titres |  | 232 537 724.86 | 95.24 |
| Contrats de change à terme Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |  |

| CHF | 80 812 700.00 | USD | 88 256 423.25 | 26.10.2020 | -240 708.55 | -0.10 |
| --- | --- | --- | --- | --- | --- | --- |
| GBP | 2 676 000.00 | USD | 3 425 045.85 | 26.10.2020 | 34 890.66 | 0.02 |
| GBP | 123 100.00 | USD | 158 127.37 | 26.10.2020 | 1 034.88 | 0.00 |
| Total des Contrats de change à terme | -204 783.01 | -0.08 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 9 559 664.92 | 3.92 |
| Crédit en compte courant et autres engagements à court terme | -9.82 | 0.00 |
| Autres actifs et passifs | 2 261 792.38 | 0.92 |
| Total de l’Actif net | 244 154 389.33 | 100.00 |

UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds (USD) Rapport annuel et états financiers révisés au 30 septembre 2020