Changes in unrealized profits and losses are reflected in the statement of operations under the changes in “Unrealized appreciation (depreciation) on swaps”.
Gains or losses on swaps incurred when closed-out or matured are recorded as “Realized gain (loss) on swaps” in the statement of operations.
- Cross-subfunds investmentsAs per 31 May 2022 the subfunds of UBS (Lux) Bond SICAV – Asian High Yield (USD), UBS (Lux) Bond SICAV – Emerging Economies Corporates (USD), UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (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 Corporates (USD) and UBS (Lux) Bond SICAV – USD High Yield (USD) had the following investments in other subfunds of UBS (Lux) Bond SICAV:UBS (Lux) Bond SICAV – Asian High Yield (USD)	Amount in USDUBS (LUX) BOND SICAV - CHINA HIGH YIELD (USD) U-X-ACC	22 693 787.00Total	22 693 787.00UBS (Lux) Bond SICAV – Emerging Economies Corporates (USD) Amount in USDUBS (Lux) Bond SICAV – Floating Rate Income (USD)	Amount in USDUBS (LUX) BOND SICAV-SHORT DURATION H Y SUST (USD) I-X-ACC	6 338 640.00Total	6 338 640.00UBS (Lux) Bond SICAV – USD Corporates (USD)	Amount in USDUBS (LUX) BOND SICAV - MULTI INCOME (USD)-U-X-ACC- CAP	2 667 462.30Total	2 667 462.30UBS (Lux) Bond SICAV – USD High Yield (USD)	Amount in USDUBS (LUX) BOND SICAV-SHORT DURATION H Y SUST (USD) I-X-ACC	11 707 080.00 UBS (LUX) BOND SICAV - MULTI INCOME (USD)-U-X-ACC- CAP	3 062 641.90Total	14 769 721.90The total amount of cross subfund investments amounts to 102 526 650.45 USD. Accordingly, the adjusted com- bined net assets at the end of the financial year are 19 934 959 915.89 USD.

Translation (ENFR, 2022-05-31):
Les variations des bénéfices/pertes non réalisé(e)s sont inscrits dans l’état des opérations sous «Plus- (Moins-) value non réalisée sur swaps».
Les bénéfices/pertes sur swaps sont inscrits dans l’état des opérations sous «Bénéfice (perte) réalisé(e) sur swaps» lors du dénouement de la transaction ou à l’échéance.
- Investissements croisés entre compartimentsAu 31 mai 2022 les compartiments UBS (Lux) Bond SICAV – Asian High Yield (USD), UBS (Lux) Bond SICAV – Emerging Economies Corporates (USD), UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (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 Corporates (USD) et UBS (Lux) Bond SICAV – USD High Yield (USD) étaient investis dans d’autres compartiments de UBS (Lux) Bond SICAV comme suit:UBS (Lux) Bond SICAV – Asian High Yield (USD)	Montant en USDUBS (LUX) BOND SICAV - CHINA HIGH YIELD (USD) U-X-ACC	22 693 787.00Total	22 693 787.00UBS (Lux) Bond SICAV– Emerging Economies Local Currency Bond (USD)	Montant en USDUBS (LUX) BOND SICAV - CHINA HIGH YIELD (USD) U-X-ACC	1 494 468.90Total	1 494 468.90UBS (Lux) Bond SICAV – Floating Rate Income (USD)	Montant en USDUBS (LUX) BOND SICAV-SHORT DURATION H Y SUST (USD) I-X-ACC	6 338 640.00Total	6 338 640.00UBS (Lux) Bond SICAV – Global Dynamic (USD)	Montant en USDUBS (LUX) BOND SICAV - ASIAN HIGH YIELD (USD) I-X-DIST	23 817 780.00 UBS (LUX) BOND SICAV - MULTI INCOME (USD)-U-X-ACC- CAP		3 951 796.00UBS (LUX) BOND SICAV - CHINA HIGH YIELD (USD) U-X-ACC	13 284 168.00Total	41 053 744.00UBS (Lux) Bond SICAV – Global Inflation-linked (USD)	Montant en USDUBS (LUX) BOND SICAV - ASIAN HIGH YIELD (USD) I-X-DIST	2 835 450.00 UBS (LUX) BOND SICAV - CHINA HIGH YIELD (USD) U-X-ACC	1 688 196.35Total	4 523 646.35UBS (Lux) Bond SICAV – Global Short Term Flexible (USD)	Montant en USDUBS (LUX) BOND SICAV - ASIAN HIGH YIELD (USD) I-X-DIST	3 150 500.00 UBS (LUX) BOND SICAV - CHINA HIGH YIELD (USD) U-X-ACC	1 771 222.40Total	4 921 722.40UBS (Lux) Bond SICAV – Multi Income (USD)	Montant en USDUBS (LUX) BOND SICAV - ASIAN HIGH YIELD U-X-ACC	354 960.70Total	354 960.70UBS (Lux) Bond SICAV – USD Corporates (USD)	Montant en USDUBS (LUX) BOND SICAV - MULTI INCOME (USD)-U-X-ACC- CAP	2 667 462.30Total	2 667 462.30UBS (Lux) Bond SICAV – USD High Yield (USD)	Montant en USDUBS (LUX) BOND SICAV-SHORT DURATION H Y SUST (USD) I-X-ACC	11 707 080.00 UBS (LUX) BOND SICAV - MULTI INCOME (USD)-U-X-ACC- CAP		3 062 641.90Total	14 769 721.90Le montant total des investissements croisés entre com- partiments s’élève à 102 526 650.45 USD. L’actif netcombiné ajusté s’établit ainsi à 19 934 959 915.89 USD à la clôture de la période.