# UBS (Lux) Bond SICAV – Global Corporates (USD)
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 31.5.2022 | 31.5.2021 | 31.5.2020 |
| Net assets in USD |  | 595 198 859.76 | 747 349 110.31 | 514 442 521.54 |
| Class (CHF hedged) I-A1-acc | LU0390863529 |  |  |  |
| Shares outstanding |  | 323 111.6140 | 335 543.1690 | 264 463.4380 |
| Net asset value per share in CHF |  | 121.36 | 136.62 | 132.47 |
| Issue and redemption price per share in CHF 1 |  | 121.36 | 136.62 | 132.47 |
| Class I-A3-acc 2 | LU2203993972 |  |  |  |
| Shares outstanding |  | - | 500 000.0000 | - |
| Net asset value per share in USD |  | - | 99.73 | - |
| Issue and redemption price per share in USD 1 |  | - | 99.73 | - |
| Class I-B-acc | LU0390870730 |  |  |  |
| Shares outstanding |  | 35 041.4420 | 35 041.4420 | 36 456.6000 |
| Net asset value per share in USD |  | 169.94 | 188.26 | 179.41 |
| Issue and redemption price per share in USD 1 |  | 169.94 | 188.26 | 179.41 |
| Class (CHF hedged) I-B-acc | LU0390864253 |  |  |  |
| Shares outstanding |  | 105 880.4800 | 140 926.3150 | 154 864.8530 |
| Net asset value per share in CHF |  | 134.51 | 150.77 | 145.43 |
| Issue and redemption price per share in CHF 1 |  | 134.51 | 150.77 | 145.43 |
| Class I-X-acc | LU0390870904 |  |  |  |
| Shares outstanding |  | 1 881 346.4980 | 1 877 758.8810 | 926 015.7760 |
| Net asset value per share in USD |  | 171.19 | 189.53 | 180.50 |
| Issue and redemption price per share in USD 1 |  | 171.19 | 189.53 | 180.50 |
| Class (CHF hedged) I-X-acc | LU0390864410 |  |  |  |
| Shares outstanding |  | 728 301.8760 | 736 744.8280 | 823 394.6090 |
| Net asset value per share in CHF |  | 140.34 | 157.20 | 151.53 |
| Issue and redemption price per share in CHF 1 |  | 140.34 | 157.20 | 151.53 |
| Class (EUR hedged) I-X-acc | LU0390868080 |  |  |  |
| Shares outstanding |  | 547 086.3210 | 428 959.8460 | 358 442.8290 |
| Net asset value per share in EUR |  | 118.31 | 132.05 | 127.50 |
| Issue and redemption price per share in EUR 1 |  | 118.31 | 132.05 | 127.50 |
| Class I-X-UKdist | LU1336832081 |  |  |  |
| Shares outstanding |  | 62 214.8540 | 425 007.7300 | 425 710.0630 |
| Net asset value per share in USD |  | 102.56 | 117.64 | 115.33 |
| Issue and redemption price per share in USD 1 |  | 102.56 | 117.64 | 115.33 |
| Class P-acc 3 | LU0390868593 |  |  |  |
| Shares outstanding |  | 829.8550 | 100.0000 | - |
| Net asset value per share in USD |  | 90.47 | 101.11 | - |
| Issue and redemption price per share in USD 1 |  | 90.47 | 101.11 | - |
| Class (EUR hedged) P-acc 3 | LU0390864923 |  |  |  |
| Shares outstanding |  | 100.0000 | 100.0000 | - |
| Net asset value per share in EUR |  | 89.52 | 100.90 | - |
| Issue and redemption price per share in EUR 1 |  | 89.52 | 100.90 | - |
| Class (EUR hedged) Q-acc 3 | LU0390866548 |  |  |  |
| Shares outstanding |  | 100.0000 | 100.0000 | - |
| Net asset value per share in EUR |  | 89.93 | 101.00 | - |
| Issue and redemption price per share in EUR 1 |  | 89.93 | 101.00 | - |
| Class (CHF hedged) U-X-acc 4 | LU0390864766 |  |  |  |
| Shares outstanding |  | - | 412.3000 | 870.3000 |
| Net asset value per share in CHF |  | - | 14 489.91 | 13 967.20 |
| Issue and redemption price per share in CHF 1 |  | - | 14 489.91 | 13 967.20 |
| Class U-X-dist | LU0390871035 |  |  |  |
| Shares outstanding | 2 550.8160 | 440.8160 | 3 015.8160 |
| Net asset value per share in USD | 11 353.23 | 12 924.46 | 12 727.90 |
| Issue and redemption price per share in USD 1 | 11 353.23 | 12 924.46 | 12 727.90 |
| 1  See note 1 2  For the period from 13.8.2020 to 30.8.2021 the share class I-A3-acc was in circulation. 3  First NAV: 24.3.2021 4  The share class (CHF hedged) U-X-acc was in circulation until 18.10.2021 |  |  |  |

UBS (Lux) Bond SICAV – Global Corporates (USD)
Annual report and audited financial statements as of 31 May 2022
| Performance |  |
| --- | --- |
|  | Currency | 2021/2022 | 2020/2021 | 2019/2020 |
| Class (CHF hedged) I-A1-acc | CHF | -11.2% | 3.1% | 5.7% |
| Class I-A3-acc 1 | USD | - | - | - |
| Class I-B-acc | USD | -9.7% | 4.9% | 9.6% |
| Class (CHF hedged) I-B-acc | CHF | -10.8% | 3.7% | 6.2% |
| Class I-X-acc | USD | -9.7% | 5.0% | 9.7% |
| Class (CHF hedged) I-X-acc | CHF | -10.7% | 3.7% | 6.3% |
| Class (EUR hedged) I-X-acc | EUR | -10.4% | 3.6% | 6.8% |
| Class I-X-UKdist | USD | -9.7% | 5.0% | 9.7% |
| Class P-acc | USD | -10.5% | - | - |
| Class (EUR hedged) P-acc | EUR | -11.3% | - | - |
| Class (EUR hedged) Q-acc | EUR | -11.0% | - | - |
| Class (CHF hedged) U-X-acc 2 | CHF | - | 3.7% | 6.3% |
| Class U-X-dist | USD | -9.7% | 5.0% | 9.7% |
| Benchmark: 3 Bloomberg Barclays Global Aggregate - Corporates (hedged CHF) | CHF | -10.7% | 3.0% | 4.4% |
| Bloomberg Barclays Global Aggregate - Corporates | USD | -9.4% | 4.4% | 7.5% |
| Bloomberg Barclays Global Aggregate - Corporates (hedged EUR) | EUR | -10.6% | 3.2% | 4.9% |

1 
For the period from 13.8.2020 to 30.8.2021 the share class I-A3-acc was in circulation. Due to this fact, there is no data for the calculation of the performance available.
2 
The share class (CHF hedged) U-X-acc was in circulation until 18.10.2021. 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.
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.
UBS (Lux) Bond SICAV – Global Corporates (USD) Annual report and audited financial statements as of 31 May 2022

## Report of the Portfolio Manager
In the financial year, from 1 June 2021 to 31 May 2022, US Treasury yields rose significantly as signs of strong and persistent inflation caused markets to bring forward expectations of Fed rate hikes. In the US, headline CPI rose to levels not seen in nearly 40 years driven initially by the unleashing of pent-up demand and fiscal stimu- lus but later exacerbated by high commodity prices due to the ongoing Russian invasion of Ukraine. The US Fed raised its policy rate from the lower effective bound to 1.0% at the end of the reporting period.
The subfund delivered a negative performance over the financial year. From a regional perspective we main- tained a preference for euro over US dollar-denominated corporates and with regards to sectors maintained a greater exposure to financials whilst remaining cautious industrials. The option-adjusted duration of the subfund at the end of the financial year was lower than a year prior finishing at 6.6 years.
UBS (Lux) Bond SICAV – Global Corporates (USD)
Annual report and audited financial statements as of 31 May 2022

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| United States | 40.81 |
| --- | --- |
| United Kingdom | 11.52 |
| Australia | 6.39 |
| The Netherlands | 5.68 |
| France | 5.50 |
| Ireland | 2.20 |
| Spain | 1.75 |
| Canada | 1.49 |
| Germany | 1.44 |
| Luxembourg | 1.11 |
| Mexico | 1.03 |
| Japan | 0.91 |
| New Zealand | 0.82 |
| India | 0.80 |
| British Virgin Islands | 0.78 |
| Norway | 0.77 |
| Switzerland | 0.76 |
| Sweden | 0.75 |
| Belgium | 0.75 |
| Austria | 0.71 |
| China | 0.66 |
| Italy | 0.58 |
| Cayman Islands | 0.56 |
| Denmark | 0.47 |
| Bermuda | 0.47 |
| Finland | 0.45 |
| Jersey | 0.40 |
| South Korea | 0.35 |
| Hong Kong | 0.31 |
| Singapore | 0.31 |
| Poland | 0.22 |
| Thailand | 0.21 |
| Romania | 0.19 |
| Chile | 0.18 |
| Saudi Arabia | 0.17 |
| Indonesia | 0.16 |
| Czech Republic | 0.15 |
| Multinationals | 0.12 |
| Total | 91.93 |

Economic Breakdown as a % of net assets	
| Finance & holding companies | 22.82 |
| --- | --- |
| Banks & credit institutions | 21.50 |
| Energy & water supply | 6.09 |
| Insurance | 5.74 |
| Telecommunications | 3.72 |
| Traffic & transportation | 3.32 |
| Real Estate | 3.21 |
| Petroleum | 3.18 |
| Pharmaceuticals, cosmetics & medical products | 2.33 |
| Internet, software & IT services | 2.20 |
| Tobacco & alcohol | 2.07 |
| Graphic design, publishing & media | 1.55 |
| Computer hardware & network equipment providers | 1.38 |
| Chemicals | 1.22 |
| Retail trade, department stores | 1.19 |
| Miscellaneous services | 1.18 |
| Mechanical engineering & industrial equipment | 0.98 |
| Electrical devices & components | 0.89 |
| Healthcare & social services | 0.84 |
| Vehicles | 0.84 |
| Aerospace industry | 0.81 |
| Electronics & semiconductors | 0.73 |
| Miscellaneous unclassified companies | 0.63 |
| Mining, coal & steel | 0.63 |
| Food & soft drinks | 0.58 |
| Textiles, garments & leather goods | 0.53 |
| Building industry & materials | 0.34 |
| Miscellaneous consumer goods | 0.33 |
| Biotechnology | 0.32 |
| Mortgage & funding institutions | 0.29 |
| Investment funds | 0.19 |
| Miscellaneous trading companies | 0.19 |
| Packaging industry | 0.11 |
| Total | 91.93 |


## Statement of Net Assets
Assets	31.5.2022
USD
Investments in securities, cost	606 096 144.35
| Investments in securities, unrealized appreciation (depreciation) | 	-58 913 719.09	 |
| --- | --- |
| Total investments in securities (Note 1) | 547 182 425.26 |
| Cash at banks, deposits on demand and deposit accounts | 39 582 049.74 |
| Other liquid assets (Margins) | 2 959 868.02 |
| Receivable on subscriptions | 39 244.33 |
| Interest receivable on securities | 5 269 625.29 |
| Interest receivable on liquid assets | 4 279.62 |
| Prepaid expenses | 37 352.23 |
| Unrealized gain on forward foreign exchange contracts (Note 1) | 805 932.60 |
| Total Assets | 595 880 777.09 |
|  |  |
| Liabilities |  |
| Unrealized loss on financial futures (Note 1) | -570 078.02 |
| Payable on securities purchases (Note 1) | -21 396.21 |
| Provisions for flat fee (Note 2) | -18 511.74 |
| Provisions for taxe d’abonnement (Note 3) | -10 008.17 |
| Provisions for other commissions and fees (Note 2) | 	-61 923.19	 |
| Total provisions | -90 443.10 |
| Total Liabilities | -681 917.33 |
|  |  |
| Net assets at the end of the financial year | 595 198 859.76 |
| Statement of Operations | USD |
| Income | 1.6.2021-31.5.2022 |
| Interest on liquid assets | 8 168.68 |
| Interest on securities | 18 043 155.54 |
| Dividends | 348.04 |
| Net income on securities lending (Note 17) | 165 933.96 |
| Other income (Note 4) | 289 507.86 |
| Total income | 18 507 114.08 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -322 754.36 |
| Taxe d’abonnement (Note 3) | -65 163.73 |
| Other commissions and fees (Note 2) | -65 094.99 |
| Interest on cash and bank overdraft | -50 794.65 |
| Total expenses | -503 807.73 |
|  |  |
| Net income (loss) on investments | 18 003 306.35 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 489 365.40 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | -713.23 |
| Realized gain (loss) on financial futures | -10 319 873.57 |
| Realized gain (loss) on forward foreign exchange contracts | 8 451 336.92 |
| Realized gain (loss) on foreign exchange | -602 077.78 |
| Total realized gain (loss) | -1 981 962.26 |
|  |  |
| Net realized gain (loss) of the financial year | 16 021 344.09 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | -102 532 327.44 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | -8 141.01 |
| Unrealized appreciation (depreciation) on financial futures | -733 309.84 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | 1 259 425.78 |
| Total changes in unrealized appreciation (depreciation) | -102 014 352.51 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | -85 993 008.42 |

UBS (Lux) Bond SICAV – Global Corporates (USD) Annual report and audited financial statements as of 31 May 2022
| Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.6.2021-31.5.2022 |
| Net assets at the beginning of the financial year | 747 349 110.31 |
| Subscriptions | 75 697 967.54 |
| Redemptions | 	-140 240 178.85	 |
| Total net subscriptions (redemptions) | -64 542 211.31 |
| Dividend paid | -1 615 030.82 |
| Net income (loss) on investments | 18 003 306.35 |
| Total realized gain (loss) | -1 981 962.26 |
| Total changes in unrealized appreciation (depreciation) | 	-102 014 352.51	 |
| Net increase (decrease) in net assets as a result of operations | -85 993 008.42 |
| Net assets at the end of the financial year | 595 198 859.76 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2021-31.5.2022 |
| Class | (CHF hedged) I-A1-acc |
| Number of shares outstanding at the beginning of the financial year | 335 543.1690 |
| Number of shares issued | 56 577.9800 |
| Number of shares redeemed | -69 009.5350 |
| Number of shares outstanding at the end of the financial year | 323 111.6140 |
| Class | I-A3-acc |
| Number of shares outstanding at the beginning of the financial year | 500 000.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -500 000.0000 |
| Number of shares outstanding at the end of the financial year | 0.0000 |
| Class | I-B-acc |
| Number of shares outstanding at the beginning of the financial year | 35 041.4420 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the financial year | 35 041.4420 |
| Class | (CHF hedged) I-B-acc |
| Number of shares outstanding at the beginning of the financial year | 140 926.3150 |
| Number of shares issued | 3 337.1470 |
| Number of shares redeemed | -38 382.9820 |
| Number of shares outstanding at the end of the financial year | 105 880.4800 |
| Class | I-X-acc |
| Number of shares outstanding at the beginning of the financial year | 1 877 758.8810 |
| Number of shares issued | 7 216.9880 |
| Number of shares redeemed | -3 629.3710 |
| Number of shares outstanding at the end of the financial year | 1 881 346.4980 |
| Class | (CHF hedged) I-X-acc |
| Number of shares outstanding at the beginning of the financial year | 736 744.8280 |
| Number of shares issued | 33 952.7160 |
| Number of shares redeemed | -42 395.6680 |
| Number of shares outstanding at the end of the financial year | 728 301.8760 |
| Class | (EUR hedged) I-X-acc |
| Number of shares outstanding at the beginning of the financial year | 428 959.8460 |
| Number of shares issued | 213 106.1310 |
| Number of shares redeemed | -94 979.6560 |
| Number of shares outstanding at the end of the financial year | 547 086.3210 |
| Class | I-X-UKdist |
| Number of shares outstanding at the beginning of the financial year | 425 007.7300 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -362 792.8760 |
| Number of shares outstanding at the end of the financial year | 62 214.8540 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the financial year | 100.0000 |
| Number of shares issued | 729.8550 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the financial year | 829.8550 |
| Class | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the financial year | 100.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the financial year | 100.0000 |
| Class | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year | 100.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the financial year | 100.0000 |

UBS (Lux) Bond SICAV – Global Corporates (USD)
Annual report and audited financial statements as of 31 May 2022
| Class | (CHF hedged) U-X-acc |
| --- | --- |
| Number of shares outstanding at the beginning of the financial year | 412.3000 |
| Number of shares issued | 22.0000 |
| Number of shares redeemed | -434.3000 |
| Number of shares outstanding at the end of the financial year | 0.0000 |
| Class | U-X-dist |
| Number of shares outstanding at the beginning of the financial year | 440.8160 |
| Number of shares issued | 2 287.0000 |
| Number of shares redeemed | -177.0000 |
| Number of shares outstanding at the end of the financial year | 2 550.8160 |
| Annual Distribution 1 |  |  |  |  |
| UBS (Lux) Bond SICAV – Global Corporates (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| I-X-UKdist | 15.6.2021 | 18.6.2021 | USD | 3.30 |
| I-X-UKdist | 8.10.2021 | 13.10.2021 | USD | 0.83 |
| U-X-dist | 2.8.2021 | 5.8.2021 | USD | 364.93 |
| 1  See note 5 |  |  |  |  |

UBS (Lux) Bond SICAV – Global Corporates (USD) Annual report and audited financial statements as of 31 May 2022

## Statement of Investments in Securities and other Net Assets as of 31 May 2022
| 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 |  |  |  |
| EUR |  |  |  |
| EUR	BACARDI LTD-REG-S 2.75000% 13-03.07.23 | 1 050 000.00 | 1 139 288.83 | 0.19 |
| EUR	BOUYGUES SA 3.25000% 22-30.06.37 | 1 100 000.00 | 1 166 859.92 | 0.20 |
| EUR	BP CAPITAL MARKETS BV-REG-S 0.93300% 20-04.12.40 | 1 115 000.00 | 799 503.31 | 0.13 |
| EUR	FISERV INC 1.62500% 19-01.07.30 | 2 200 000.00 | 2 126 684.07 | 0.36 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 3.37500% 20-27.03.25 | 1 150 000.00 | 1 277 703.98 | 0.21 |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.12500% 20-11.02.28 | 1 700 000.00 | 1 657 405.87 | 0.28 |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.37500% 20-11.02.31 | 1 300 000.00 | 1 204 606.70 | 0.20 |
| EUR	MACIF-REG-S-SUB 0.62500% 21-21.06.27 | 1 000 000.00 | 944 750.37 | 0.16 |
| EUR	NATIONAL GRID ELECTRICITY TRANS-REG-S 0.19000% 20-20.01.25 | 600 000.00 | 616 380.54 | 0.10 |
| EUR	TEVA PHARMACEUTICAL FINANCE II BV 4.50000% 18-01.03.25 | 425 000.00 | 452 947.93 | 0.08 |
| EUR	TRITAX EUROBOX PLC-REG-S 0.95000% 21-02.06.26 | 400 000.00 | 391 707.27 | 0.07 |
| EUR	VONOVIA SE-REG-S 2.37500% 22-25.03.32 | 300 000.00 | 294 520.26 | 0.05 |
| Total EUR |  | 12 072 359.05 | 2.03 |
| GBP |  |  |  |
| GBP	BUPA FINANCE PLC-REG-S 1.75000% 20-14.06.27 | 2 600 000.00 | 3 062 301.65 | 0.51 |
| GBP	BUPA FINANCE PLC-REG-S-SUB 4.12500% 20-14.06.35 | 850 000.00 | 980 299.02 | 0.17 |
| Total GBP |  | 4 042 600.67 | 0.68 |
| USD |  |  |  |
| USD	3M CO 2.65000% 20-15.04.25 | 460 000.00 | 455 025.12 | 0.08 |
| USD	ABBOTT LABORATORIES 4.90000% 16-30.11.46 | 1 450 000.00 | 1 593 509.49 | 0.27 |
| USD	ABBVIE INC 2.90000% 13-06.11.22 | 760 000.00 | 761 517.51 | 0.13 |
| USD	ABBVIE INC 4.25000% 18-14.11.28 | 1 150 000.00 | 1 166 364.86 | 0.20 |
| USD	ABBVIE INC 4.40000% 13-06.11.42 | 845 000.00 | 805 449.61 | 0.14 |
| USD	ABBVIE INC 4.87500% 18-14.11.48 | 800 000.00 | 810 620.15 | 0.14 |
| USD	ADOBE INC 2.15000% 20-01.02.27 | 750 000.00 | 713 329.06 | 0.12 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.50000% 20-15.09.23 | 700 000.00 | 702 414.21 | 0.12 |
| USD	AERCAP IRELAND CAP/ GLBL AVIATION TRUST 6.50000% 20-15.07.25 | 750 000.00 | 782 850.21 | 0.13 |
| USD	AERCAP IRELAND CAPITAL DAC / AERCAP 1.65000% 21-29.10.24 | 2 750 000.00 | 2 578 005.74 | 0.43 |
| USD	AERCAP IRELAND CAPITAL DAC / AERCAP GLO 3.00000% 21-29.10.28 | 550 000.00 | 482 585.66 | 0.08 |
| USD	AIR LEASE CORP 3.37500% 20-01.07.25 | 1 150 000.00 | 1 114 484.61 | 0.19 |
| USD	AIR PRODUCTS & CHEMICALS INC 2.05000% 20-15.05.30 | 650 000.00 | 571 476.10 | 0.10 |
| USD	ALBEMARLE CORPORATION 5.45000% 14-01.12.44 | 950 000.00 | 936 080.96 | 0.16 |
| USD	ALIBABA GROUP HOLDING LTD 3.40000% 17-06.12.27 | 830 000.00 | 798 700.70 | 0.13 |
| USD	ALIBABA GROUP HOLDING LTD 4.20000% 17-06.12.47 | 900 000.00 | 746 887.50 | 0.13 |
| USD	ALIBABA GROUP HOLDING LTD 2.70000% 21-09.02.41 | 720 000.00 | 496 972.80 | 0.08 |
| USD	ALTRIA GROUP INC 4.25000% 12-09.08.42 | 2 400 000.00 | 1 927 292.64 | 0.32 |
| USD	ALTRIA GROUP INC 4.40000% 19-14.02.26 | 434 000.00 | 440 078.85 | 0.07 |
| USD	ALTRIA GROUP INC 4.80000% 19-14.02.29 | 64 000.00 | 63 937.89 | 0.01 |
| USD	ALTRIA GROUP INC 5.95000% 19-14.02.49 | 900 000.00 | 865 579.93 | 0.15 |
| USD	AMAZON.COM INC 2.80000% 18-22.08.24 | 2 600 000.00 | 2 602 929.34 | 0.44 |
| USD	AMAZON.COM INC 3.10000% 21-12.05.51 | 1 130 000.00 | 942 643.78 | 0.16 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 3 550 000.00 | 3 578 262.69 | 0.60 |
| USD	ANHEUSER-BUSCH COS 3.65000% 19-01.02.26 | 1 200 000.00 | 1 201 693.96 | 0.20 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.75000% 19-23.01.29 | 1 150 000.00 | 1 196 080.85 | 0.20 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.50000% 20-01.06.50 | 1 500 000.00 | 1 426 754.37 | 0.24 |
| USD	ANTHEM INC 3.65000% 17-01.12.27 | 580 000.00 | 575 745.41 | 0.10 |
| USD	APACHE CORP 4.25000% 12-15.01.44 | 1 500 000.00 | 1 194 720.00 | 0.20 |
| USD	APPLE INC 1.80000% 19-11.09.24 | 750 000.00 | 736 033.10 | 0.12 |
| USD	APPLE INC 3.85000% 16-04.08.46 | 1 900 000.00 | 1 826 156.61 | 0.31 |
| USD	APT PIPELINES LTD-REG-S 4.20000% 15-23.03.25 | 1 690 000.00 | 1 697 666.68 | 0.29 |
| USD	APT PIPELINES LTD-REG-S 4.25000% 17-15.07.27 | 860 000.00 | 858 482.01 | 0.14 |
| USD	APTIV PLC 2.39600% 22-18.02.25 | 1 125 000.00 | 1 087 230.89 | 0.18 |
| USD	APTIV PLC 3.25000% 22-01.03.32 | 235 000.00 | 207 418.45 | 0.03 |
| USD	AT&T INC 1.65000% 20-01.02.28 | 530 000.00 | 469 219.76 | 0.08 |
| USD	AT&T INC 3.55000% 21-15.09.55 | 1 649 000.00 | 1 320 316.80 | 0.22 |
| USD	AT&T INC 4.35000% 19-01.03.29 | 2 560 000.00 | 2 591 148.67 | 0.44 |
| USD	AT&T INC 4.75000% 15-15.05.46 | 2 200 000.00 | 2 167 811.36 | 0.36 |
| USD	BANK OF NOVA SCOTIA/THE 3.45000% 22-11.04.25 | 590 000.00 | 587 808.48 | 0.10 |
| USD	BAT CAPITAL CORP 3.55700% 18-15.08.27 | 870 000.00 | 819 391.37 | 0.14 |
| USD	BOEING CO/THE 2.19600% 21-04.02.26 | 1 000 000.00 | 915 795.89 | 0.15 |
| USD	BP CAPITAL MARKETS AMERICA INC 1.74900% 20-10.08.30 | 1 200 000.00 | 1 017 963.70 | 0.17 |
| USD	BRISTOL MYERS SQUIBB CO 4.25000% 20-26.10.49 | 1 700 000.00 | 1 672 349.50 | 0.28 |
| USD	BURLINGTON NORTHERN SANTA FE LLC 5.40000% 11-01.06.41 | 950 000.00 | 1 042 131.17 | 0.17 |
| USD	CANADIAN IMPERIAL BANK OF COMMERCE 3.30000% 22-07.04.25 | 915 000.00 | 910 346.52 | 0.15 |
| USD	CANADIAN PACIFIC RAILWAY 3.10000% 21-02.12.51 | 900 000.00 | 705 929.25 | 0.12 |
| USD	CHEVRON USA INC 3.85000% 21-15.01.28 | 650 000.00 | 660 673.12 | 0.11 |
| USD	CIGNA CORP 2.40000% 20-15.03.30 | 600 000.00 | 530 133.25 | 0.09 |
| USD	CIGNA CORP 4.37500% 19-15.10.28 | 1 250 000.00 | 1 269 182.20 | 0.21 |
| USD	CIGNA CORP 4.90000% 19-15.12.48 | 450 000.00 | 448 703.26 | 0.08 |
| USD	CITIGROUP INC 4.65000% 18-23.07.48 | 2 000 000.00 | 1 994 883.86 | 0.33 |
| USD	CITIGROUP INC-SUB 4.60000% 16-09.03.26 | 580 000.00 | 588 055.32 | 0.10 |
| USD	CNOOC PETROLEUM NORTH AMERICA ULC 6.40000% 07-15.05.37 | 950 000.00 | 1 054 431.03 | 0.18 |
| USD	COCA-COLA FEMSA SA 2.75000% 20-22.01.30 | 1 900 000.00 | 1 731 907.00 | 0.29 |
| USD	COMCAST CORP 3.95000% 18-15.10.25 | 1 100 000.00 | 1 122 133.13 | 0.19 |
| USD	COMCAST CORP 4.15000% 18-15.10.28 | 1 000 000.00 | 1 023 031.26 | 0.17 |
| USD	CORP NACIONAL DEL COBRE DE CHILE-REG-S 3.62500% 17-01.08.27 | 1 140 000.00 | 1 097 820.00 | 0.18 |
| USD	COSTCO WHOLESALE CORP 1.60000% 20-20.04.30 | 370 000.00 | 318 199.34 | 0.05 |
| USD	CVS HEALTH CORP 2.62500% 19-15.08.24 | 550 000.00 | 544 109.44 | 0.09 |
| USD	CVS HEALTH CORP 4.30000% 18-25.03.28 | 540 000.00 | 546 729.11 | 0.09 |
| USD	CVS HEALTH CORP 5.05000% 18-25.03.48 | 650 000.00 | 662 086.45 | 0.11 |
| USD	CVS HEALTH CORP 5.12500% 15-20.07.45 | 1 450 000.00 | 1 475 407.99 | 0.25 |
| USD	DELL INTERNATIONAL LLC / EMC CORP 8.35000% 21-15.07.46 | 413 000.00 | 544 235.22 | 0.09 |
| USD	DIAGEO CAPITAL PLC 3.87500% 13-29.04.43 | 600 000.00 | 554 640.82 | 0.09 |
| USD	DISCOVERY COMMUNICATIONS LLC 5.30000% 19-15.05.49 | 1 500 000.00 | 1 385 302.95 | 0.23 |

UBS (Lux) Bond SICAV – Global Corporates (USD)
Annual report and audited financial statements as of 31 May 2022
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | EATON CORP 4.15000% 13-02.11.42 | 850 000.00 | 798 464.05 | 0.13 |
| USD | ELECTRICITE DE FRANCE-REG-S 6.95000% 09-26.01.39 | 475 000.00 | 535 822.21 | 0.09 |
| USD | ENLINK MIDSTREAM PARTNERS LP 4.40000% 14-01.04.24 | 315 000.00 | 314 606.25 | 0.05 |
| USD | ENTERPRISE PRODUCTS OPERATING LLC 4.85000% 13-15.03.44 | 770 000.00 | 747 523.00 | 0.13 |
| USD | EQT CORP 3.90000% 17-01.10.27 | 920 000.00 | 886 778.80 | 0.15 |
| USD | EVERSOURCE ENERGY 1.65000% 20-15.08.30 | 1 570 000.00 | 1 279 000.10 | 0.21 |
| USD | EXELON CORP 3.40000% 16-15.04.26 | 590 000.00 | 579 671.69 | 0.10 |
| USD | FIRSTENERGY CORP 2.25000% 20-01.09.30 | 710 000.00 | 594 458.15 | 0.10 |
| USD | FISERV INC 3.20000% 19-01.07.26 | 1 750 000.00 | 1 699 460.23 | 0.29 |
| USD | FLOWSERVE CORP 3.50000% 20-01.10.30 | 1 300 000.00 | 1 158 098.36 | 0.19 |
| USD | FOMENTO ECONOMICO MEXIC SAB DE CV 3.50000% 20-16.01.50 | 2 000 000.00 | 1 645 840.00 | 0.28 |
| USD | GE CAPITAL INTL FUNDING CO 4.41800% 16-15.11.35 | 1 891 000.00 | 1 864 500.80 | 0.31 |
| USD | GENERAL MOTORS CO 5.00000% 14-01.04.35 | 460 000.00 | 435 720.07 | 0.07 |
| USD | GENERAL MOTORS CO 6.12500% 20-01.10.25 | 1 400 000.00 | 1 481 902.88 | 0.25 |
| USD | GENERAL MOTORS FINANCIAL CO 4.35000% 18-09.04.25 | 1 700 000.00 | 1 713 526.91 | 0.29 |
| USD | GEORGIA POWER CO 2.10000% 20-30.07.23 | 800 000.00 | 793 577.54 | 0.13 |
| USD | GILEAD SCIENCES INC 4.80000% 14-01.04.44 | 1 220 000.00 | 1 230 266.79 | 0.21 |
| USD | GILEAD SCIENCES INC 4.75000% 15-01.03.46 | 650 000.00 | 646 553.22 | 0.11 |
| USD | GOLDMAN SACHS GROUP INC 3.50000% 20-01.04.25 | 3 965 000.00 | 3 959 668.82 | 0.67 |
| USD | HARTFORD FINANCIAL SERVICES GROUP INC 4.40000% 18-15.03.48 | 1 250 000.00 | 1 168 810.81 | 0.20 |
| USD | HOME DEPOT INC/THE 4.87500% 13-15.02.44 | 600 000.00 | 635 320.47 | 0.11 |
| USD | ILLINOIS TOOL WORKS INC 2.65000% 16-15.11.26 | 1 350 000.00 | 1 312 867.37 | 0.22 |
| USD | INTERNATIONAL BUSINESS MACHINES CORP 3.30000% 19-15.05.26 | 2 000 000.00 | 1 988 344.46 | 0.33 |
| USD | JMH CO LTD-REG-S 2.50000% 21-09.04.31 | 2 985 000.00 | 2 597 938.72 | 0.44 |
| USD | JPMORGAN CHASE & CO 3.20000% 13-25.01.23 | 7 550 000.00 | 7 607 176.38 | 1.28 |
| USD | JPMORGAN CHASE & CO-SUB 3.62500% 16-01.12.27 | 1 800 000.00 | 1 757 653.07 | 0.30 |
| USD | LINCOLN NATIONAL CORP 3.80000% 18-01.03.28 | 2 300 000.00 | 2 270 627.60 | 0.38 |
| USD | LLOYDS BANKING GROUP PLC 4.37500% 18-22.03.28 | 1 150 000.00 | 1 145 387.56 | 0.19 |
| USD | LLOYDS BANKING GROUP PLC 4.45000% 18-08.05.25 | 800 000.00 | 812 546.80 | 0.14 |
| USD | LOWE’S COS INC 3.00000% 20-15.10.50 | 800 000.00 | 596 899.64 | 0.10 |
| USD | LSEGA FINANCING PLC-144A 2.50000% 21-06.04.31 | 1 200 000.00 | 1 051 025.83 | 0.18 |
| USD | MASCO CORP 2.00000% 20-01.10.30 | 1 050 000.00 | 858 567.06 | 0.14 |
| USD | MASCO CORP 4.50000% 17-15.05.47 | 700 000.00 | 635 052.60 | 0.11 |
| USD | MASTERCARD INC 2.00000% 19-03.03.25 | 1 380 000.00 | 1 347 440.97 | 0.23 |
| USD | MEITUAN DIANPING-REG-S 3.05000% 20-28.10.30 | 1 950 000.00 | 1 482 365.62 | 0.25 |
| USD | MERCK & CO INC 3.70000% 15-10.02.45 | 320 000.00 | 293 635.63 | 0.05 |
| USD | MEXICHEM SAB DE CV-REG-S 4.00000% 17-04.10.27 | 1 250 000.00 | 1 191 875.00 | 0.20 |
| USD | MEXICHEM SAB DE CV-REG-S 5.50000% 17-15.01.48 | 950 000.00 | 833 150.00 | 0.14 |
| USD | MICROSOFT CORP 2.92100% 21-17.03.52 | 2 130 000.00 | 1 776 793.35 | 0.30 |
| USD | MORGAN STANLEY 6.37500% 12-24.07.42 | 600 000.00 | 727 508.69 | 0.12 |
| USD | MPLX LP 5.20000% 17-01.03.47 | 900 000.00 | 855 206.24 | 0.14 |
| USD | NATWEST GROUP PLC 3.87500% 16-12.09.23 | 1 900 000.00 | 1 911 111.01 | 0.32 |
| USD | NATWEST GROUP PLC 4.80000% 16-05.04.26 | 1 100 000.00 | 1 113 829.63 | 0.19 |
| USD | NIKE INC 2.40000% 20-27.03.25 | 270 000.00 | 265 122.04 | 0.04 |
| USD | NTT FINANCE CORP-REG-S 2.06500% 21-03.04.31 | 855 000.00 | 734 104.63 | 0.12 |
| USD | ORACLE CORP 2.50000% 20-01.04.25 | 460 000.00 | 443 418.85 | 0.07 |
| USD | PAYPAL HOLDINGS INC 2.65000% 19-01.10.26 | 1 150 000.00 | 1 108 197.45 | 0.19 |
| USD | PAYPAL HOLDINGS INC 2.85000% 19-01.10.29 | 1 900 000.00 | 1 751 715.30 | 0.29 |
| USD | PHILIP MORRIS INTERNATIONAL INC 4.25000% 14-10.11.44 | 650 000.00 | 560 828.08 | 0.09 |
| USD | PHILIP MORRIS INTERNATIONAL INC 1.50000% 20-01.05.25 | 600 000.00 | 570 684.22 | 0.10 |
| USD | PLAINS ALL AMERICAN PIPELINE LP 3.80000% 20-15.09.30 | 1 000 000.00 | 922 041.68 | 0.15 |
| USD | PUBLIC STORAGE 1.95000% 21-09.11.28 | 1 150 000.00 | 1 020 610.14 | 0.17 |
| USD | QUALCOMM INC 4.30000% 17-20.05.47 | 680 000.00 | 669 217.62 | 0.11 |
| USD | QUANTA SERVICES INC 2.90000% 20-01.10.30 | 1 210 000.00 | 1 050 241.51 | 0.18 |
| USD | QUANTA SERVICES INC 3.05000% 21-01.10.41 | 2 000 000.00 | 1 473 730.44 | 0.25 |
| USD | RAYTHEON TECHNOLOGIES CORP 2.37500% 21-15.03.32 | 775 000.00 | 675 375.25 | 0.11 |
| USD | RELIANCE INDUSTRIES LTD-REG-S 2.87500% 22-12.01.32 | 745 000.00 | 636 833.45 | 0.11 |
| USD | RELIANCE INDUSTRIES LTD-REG-S 3.62500% 22-12.01.52 | 1 820 000.00 | 1 364 727.00 | 0.23 |
| USD | REYNOLDS AMERICAN INC 5.70000% 15-15.08.35 | 950 000.00 | 942 063.47 | 0.16 |
| USD | ROCHE HOLDINGS INC-REG-S 2.62500% 16-15.05.26 | 1 000 000.00 | 974 214.33 | 0.16 |
| USD | ROPER TECHNOLOGIES INC 2.00000% 20-30.06.30 | 1 100 000.00 | 918 011.72 | 0.15 |
| USD | SALESFORCE.COM INC 0.62500% 21-15.07.24 | 1 160 000.00 | 1 106 341.65 | 0.19 |
| USD | SALESFORCE.COM INC 1.50000% 21-15.07.28 | 650 000.00 | 580 501.22 | 0.10 |
| USD | SANTOS FINANCE LTD-REG-S 3.64900% 21-29.04.31 | 800 000.00 | 696 686.24 | 0.12 |
| USD | SAUDI ARABIAN OIL CO-REG-S 1.62500% 20-24.11.25 | 215 000.00 | 201 562.50 | 0.03 |
| USD | SEMPRA ENERGY 6.00000% 09-15.10.39 | 950 000.00 | 1 055 593.79 | 0.18 |
| USD | SGSP AUSTRALIA ASSETS PTY LTD-REG-S 3.25000% 16-29.07.26 | 1 450 000.00 | 1 404 325.00 | 0.24 |
| USD | SOUTHERN CO 3.25000% 16-01.07.26 | 1 150 000.00 | 1 123 649.16 | 0.19 |
| USD | SOUTHERN CO 4.40000% 16-01.07.46 | 350 000.00 | 323 976.15 | 0.05 |
| USD | SOUTHERN CO GAS CAPITAL CORP 3.15000% 21-30.09.51 | 470 000.00 | 347 430.00 | 0.06 |
| USD | SOUTHWEST AIRLINES CO 4.75000% 20-04.05.23 | 500 000.00 | 508 044.83 | 0.09 |
| USD | SOUTHWEST AIRLINES CO 5.12500% 20-15.06.27 | 750 000.00 | 781 671.88 | 0.13 |
| USD | TARGET CORP 1.95000% 22-15.01.27 | 690 000.00 | 651 771.21 | 0.11 |
| USD | TELEFONICA EMISIONES SA 5.52000% 19-01.03.49 | 3 350 000.00 | 3 307 460.77 | 0.56 |
| USD | TEXAS INSTRUMENTS INC 1.37500% 20-12.03.25 | 900 000.00 | 859 174.80 | 0.14 |
| USD | THERMO FISHER SCIENTIFIC INC 2.80000% 21-15.10.41 | 1 400 000.00 | 1 125 243.31 | 0.19 |
| USD | THERMO FISHER SCIENTIFIC INC 1.21500% 21-18.10.24 | 700 000.00 | 670 269.78 | 0.11 |
| USD | TSMC ARIZONA CORP 3.12500% 21-25.10.41 | 440 000.00 | 361 750.40 | 0.06 |
| USD | UBS AG STAMFORD-SUB 7.62500% 12-17.08.22 | 1 446 000.00 | 1 459 990.77 | 0.25 |
| USD | UNION PACIFIC CORP 4.05000% 15-15.11.45 | 400 000.00 | 366 758.96 | 0.06 |
| USD | UNITED TECHNOLOGIES CORP 3.95000% 18-16.08.25 | 680 000.00 | 692 580.00 | 0.12 |
| USD | VERISIGN INC 5.25000% 15-01.04.25 | 1 095 000.00 | 1 138 936.88 | 0.19 |
| USD | VERIZON COMMUNICATIONS INC 3.37600% 18-15.02.25 | 600 000.00 | 606 073.56 | 0.10 |
| USD | VERIZON COMMUNICATIONS INC 1.45000% 21-20.03.26 | 1 000 000.00 | 929 745.30 | 0.16 |
| USD | VERIZON COMMUNICATIONS INC 2.55000% 21-21.03.31 | 1 800 000.00 | 1 593 790.74 | 0.27 |
| USD | VIACOMCBS INC 4.75000% 20-15.05.25 | 1 192 000.00 | 1 225 000.41 | 0.21 |
| USD | VICI PROPERTIES LP 5.12500% 22-15.05.32 | 560 000.00 | 555 284.80 | 0.09 |
| USD | VICI PROPERTIES LP 5.62500% 22-15.05.52 | 720 000.00 | 705 088.80 | 0.12 |
| USD | VIRGINIA ELECTRIC & POWER CO 4.00000% 16-15.11.46 | 800 000.00 | 734 150.64 | 0.12 |
| USD | VIRGINIA ELECTRIC & POWER CO 3.80000% 18-01.04.28 | 500 000.00 | 500 285.20 | 0.08 |
| USD | VISA INC 1.90000% 20-15.04.27 | 850 000.00 | 800 028.76 | 0.13 |
| USD | VMWARE INC 1.80000% 21-15.08.28 | 600 000.00 | 511 521.24 | 0.09 |
| USD | VODAFONE GROUP PLC 4.37500% 13-19.02.43 | 450 000.00 | 408 159.85 | 0.07 |
| USD | WALT DISNEY CO 1.75000% 19-30.08.24 | 2 520 000.00 | 2 463 762.85 | 0.41 |
| USD | WALT DISNEY CO 6.20000% 19-15.12.34 | 2 320 000.00 | 2 739 046.73 | 0.46 |
| USD | WESTPAC BANKING CORP-SUB 4.42100% 19-24.07.39 | 1 250 000.00 | 1 171 003.63 | 0.20 |

UBS (Lux) Bond SICAV – Global Corporates (USD) Annual report and audited financial statements as of 31 May 2022
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Unrealized gain | of net |
|  |  |  | (loss) on Futures/ | assets |
|  |  |  | Forward |  |
|  |  |  | Exchange Contracts/ |  |
|  |  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | WESTPAC BANKING CORP 2.00000% 20-13.01.23 | 700 000.00 | 697 750.90 | 0.12 |
| USD | WILLIAMS COS INC/THE 4.30000% 14-04.03.24 | 1 600 000.00 | 1 624 116.16 | 0.27 |
| USD | WILLIAMS COS INC/THE 4.90000% 14-15.01.45 | 450 000.00 | 422 074.04 | 0.07 |
| USD | WPP FINANCE 2010 3.75000% 14-19.09.24 | 760 000.00 | 761 691.15 | 0.13 |
| USD | XLIT LTD 5.25000% 13-15.12.43 | 503 000.00 | 555 789.85 | 0.09 |
| Total USD |  |  | 181 902 654.43 | 30.56 |
| Total Notes, fixed rate |  | 198 017 614.15 | 33.27 |
| Notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	BARCLAYS PLC-REG-S 0.577%VAR 21-09.08.29 | 1 550 000.00 | 1 415 745.47 | 0.24 |
| EUR	BPCE SA-REG-S-SUB 1.500%/VAR 21-13.01.42 | 1 600 000.00 | 1 533 464.38 | 0.26 |
| EUR	CREDIT SUISSE GROUP-REG-S 2.125%/VAR 22-13.10.26 | 1 345 000.00 | 1 393 825.57 | 0.23 |
| EUR	CREDIT SUISSE GROUP-REG-S 2.875%/VAR 22-02.04.32 | 815 000.00 | 802 578.92 | 0.13 |
| EUR	ENI SPA-REG-S-SUB 3.375%/VAR 20-PRP | 950 000.00 | 898 314.11 | 0.15 |
| EUR	VIRGIN MONEY UK PLC-REG-S 2.875%/VAR 20-24.06.25 | 1 100 000.00 | 1 182 440.04 | 0.20 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN-REG-S-SUB 4.375%/VAR 22-PRP | 900 000.00 | 872 354.76 | 0.15 |
| Total EUR |  | 8 098 723.25 | 1.36 |
| USD |  |  |  |
| USD	ALLIANZ SE-REG-S-SUB 3.500%/VAR 20-PRP | 800 000.00 | 700 968.08 | 0.12 |
| USD	BK OF AMERICA CORP 3.004%/VAR 18-20.12.23 | 3 000 000.00 | 2 999 230.74 | 0.50 |
| USD	CITIGROUP INC 2.520%/VAR 21-03.11.32 | 2 000 000.00 | 1 691 808.64 | 0.28 |
| USD	DEUTSCHE BANK AG/NEW YORK NY 2.222%/VAR 20-18.09.24 | 840 000.00 | 818 683.13 | 0.14 |
| USD	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.625%/VAR 14-PRP | 590 000.00 | 576 607.00 | 0.10 |
| USD	GOLDMAN SACHS GROUP INC 3.615%/VAR 22-15.03.28 | 2 150 000.00 | 2 096 555.80 | 0.35 |
| USD	JPMORGAN CHASE & CO 2.739%/VAR 19-15.10.30 | 2 700 000.00 | 2 440 363.41 | 0.41 |
| USD	JPMORGAN CHASE & CO-SUB 2.956%/VAR 20-13.05.31 | 1 800 000.00 | 1 606 269.92 | 0.27 |
| USD	LLOYDS BANKING GROUP PLC 3.574%/3M LIBOR+120.5BP 17-07.11.28 | 1 600 000.00 | 1 532 734.17 | 0.26 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 0.953%/ VAR 21-19.07.25 | 3 900 000.00 | 3 688 986.21 | 0.62 |
| USD	MORGAN STANLEY 0.731%/VAR 21-05.04.24 | 1 850 000.00 | 1 811 910.03 | 0.30 |
| USD	NATWEST GROUP PLC 4.519%/VAR 18-25.06.24 | 1 500 000.00 | 1 514 246.56 | 0.25 |
| USD	PRUDENTIAL PLC-SUB-REG-S 2.950%/VAR 21-03.11.33 | 2 335 000.00 | 2 059 129.79 | 0.35 |
| USD	STANDARD CHARTERED PLC-REG-S 3.885%/VAR 18-15.03.24 | 4 500 000.00 | 4 508 126.82 | 0.76 |
| USD	WESTPAC BANKING CORP-SUB 4.110%/VAR 19-24.07.34 | 1 900 000.00 | 1 794 928.86 | 0.30 |
| Total USD |  | 29 840 549.16 | 5.01 |
| Total Notes, floating rate |  | 37 939 272.41 | 6.37 |
| Medium term notes, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	AURIZON NETWORK PTY LTD-REG-S 4.00000% 17-21.06.24 | 640 000.00 | 457 524.68 | 0.08 |
| AUD	AUSGRID FINANCE PTY LTD-REG-S 3.75000% 17-30.10.24 | 1 100 000.00 | 783 222.10 | 0.13 |
| AUD	AUSGRID FINANCE PTY LTD 1.81400% 20-05.02.27 | 3 800 000.00 | 2 371 368.29 | 0.40 |
| AUD	BANCO SANTANDER SA 4.00000% 17-19.01.23 | 2 000 000.00 | 1 442 275.22 | 0.24 |
| AUD	LEND LEASE FINANCE LTD-REG-S 3.7000% 21-31.03.31 | 1 600 000.00 | 972 531.48 | 0.16 |
| AUD	LENDLEASE FINANCE LTD-REG-S 3.40000% 20-27.10.27 | 2 500 000.00 | 1 630 715.88 | 0.27 |
| AUD	OPTUS FINANCE PTY LTD-REG-S 2.50000% 20-01.07.30 | 1 650 000.00 | 994 424.65 | 0.17 |
| AUD	QANTAS AIRWAYS LTD 3.15000% 21-27.09.28 | 920 000.00 | 560 756.52 | 0.10 |
| AUD	TRANSURBAN QUEENSLAND FINANCE PTY LTD 3.25000% 21-05.08.31 | 2 750 000.00 | 1 621 826.13 | 0.27 |
| Total AUD |  | 10 834 644.95 | 1.82 |
| EUR |  |  |  |
| EUR	A.P. MOELLER-MAERSK-REG-S 1.75000% 18-16.03.26 | 900 000.00 | 961 126.57 | 0.16 |
| EUR	A2A SPA-REG-S 1.50000% 22-16.03.28 | 725 000.00 | 726 502.90 | 0.12 |
| EUR	AEROPORTI DI ROMA SPA-REG-S 1.75000% 21-30.07.31 | 590 000.00 | 511 165.39 | 0.09 |
| EUR	AKELIUS RESIDENTIAL PROPERTY AB-REG-S 1.75000% 17-07.02.25 | 1 200 000.00 | 1 263 989.41 | 0.21 |
| EUR	AROUNDTOWN SA-REG-S 2.00000% 18-02.11.26 | 1 300 000.00 | 1 311 866.68 | 0.22 |
| EUR	ASB FINANCE LTD-REG-S 0.25000% 21-08.09.28 | 1 670 000.00 | 1 542 996.62 | 0.26 |
| EUR	ASTRAZENECA PLC-REG-S 0.37500% 21-03.06.29 | 1 840 000.00 | 1 732 013.46 | 0.29 |
| EUR	AUSTRALIA PACIFIC AIR MELBOUNRE-REG-S 1.75000% 14-15.10.24 | 1 000 000.00 | 1 072 160.56 | 0.18 |
| EUR	BANCO SANTANDER SA-REG-S-SUB 3.25000% 16-04.04.26 | 700 000.00 | 758 458.07 | 0.13 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S-SUB 3.00000% 15-11.09.25 | 600 000.00 | 654 698.72 | 0.11 |
| EUR	BANQUE FEDERATIVE DU CREDIT MUT-REG-S 1.37500% 20-02.04.30 | 1 200 000.00 | 1 187 096.68 | 0.20 |
| EUR	CAIXABANK SA-REG-S 0.37500% 20-03.02.25 | 1 100 000.00 | 1 133 683.95 | 0.19 |
| EUR	CANADIAN IMPERIAL BANK OF COMME-REG-S 0.37500% 22-10.03.26 | 1 235 000.00 | 1 271 066.25 | 0.21 |
| EUR	CANAL DE ISABEL II GESTION SA-REG-S 1.68000% 15-26.02.25 | 600 000.00 | 637 214.78 | 0.11 |
| EUR	CEZ AS-REG-S 2.37500% 22-06.04.27 | 855 000.00 | 890 373.78 | 0.15 |
| EUR	CNH INDUSTRIAL FINANCE EUROPE SA-REG-S 1.87500% 18-19.01.26 | 1 400 000.00 | 1 480 484.21 | 0.25 |
| EUR	COLOPLAST FINANCE BV-REG-S 2.25000% 22-19.05.27 | 755 000.00 | 806 563.10 | 0.14 |
| EUR	CPI PROPERTY GROUP SA-REG-S 2.75000% 20-12.05.26 | 1 300 000.00 | 1 299 458.39 | 0.22 |
| EUR	CREDIT AGRICOLE SA LONDON 1.25000% 16-14.04.26 | 1 800 000.00 | 1 878 790.39 | 0.32 |
| EUR	CTP NV-REG-S 0.87500% 22-20.01.26 | 1 805 000.00 | 1 679 456.91 | 0.28 |
| EUR	DAIMLER TRUCK INTERNATIONAL FIN-REG-S 1.25000% 22-06.04.25 | 1 000 000.00 | 1 051 063.37 | 0.18 |
| EUR	DANFOSS FINANCE I BV-REG-S 0.12500% 21-28.04.26 | 1 530 000.00 | 1 517 534.89 | 0.25 |
| EUR	DANSKE BANK AS-REG-S-SUB 1.50000% 20-02.09.30 | 680 000.00 | 677 414.79 | 0.11 |
| EUR	DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 1 100 000.00 | 1 163 020.77 | 0.20 |
| EUR	E.ON SE-REG-S 0.87500% 22-08.01.25 | 260 000.00 | 273 780.60 | 0.05 |
| EUR	EDP FINANCE BV-REG-S 1.50000% 17-22.11.27 | 1 550 000.00 | 1 592 621.91 | 0.27 |
| EUR	ELECTRICITE DE FRANCE-REG-S 2.00000% 19-09.12.49 | 1 100 000.00 | 809 241.96 | 0.14 |
| EUR	ELENIA VERKKO OYJ-REG-S 0.37500% 20-06.02.27 | 800 000.00 | 777 064.81 | 0.13 |
| EUR	ELIA TRANSMISSION BELGIUM SA-REG-S 0.87500% 20-28.04.30 | 600 000.00 | 561 305.86 | 0.09 |
| EUR	ERSTE GROUP BANK AG-REG-S 1.50000% 22-07.04.26 | 800 000.00 | 839 568.63 | 0.14 |
| EUR	FORD MOTOR CREDIT CO LLC 3.02100% 19-06.03.24 | 715 000.00 | 760 390.65 | 0.13 |
| EUR	GAS NETWORKS IRELAND-REG-S 1.37500% 16-05.12.26 | 700 000.00 | 730 265.08 | 0.12 |
| EUR	GAS NETWORKS IRELAND-REG-S 0.12500% 19-04.12.24 | 950 000.00 | 980 053.42 | 0.16 |
| EUR	GLOBALWORTH REAL ESTATE INVEST-REG-S 3.00000% 18-29.03.25 | 1 100 000.00 | 1 134 406.88 | 0.19 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 1.62500% 16-27.07.26 | 1 700 000.00 | 1 769 168.30 | 0.30 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 2.00000% 18-01.11.28 | 850 000.00 | 872 952.63 | 0.15 |
| EUR	HEINEKEN NV-REG-S 2.25000% 20-30.03.30 | 450 000.00 | 474 754.43 | 0.08 |
| EUR	KBC GROUP NV-REG-S 1.12500% 19-25.01.24 | 800 000.00 | 856 697.66 | 0.14 |

UBS (Lux) Bond SICAV – Global Corporates (USD)
Annual report and audited financial statements as of 31 May 2022
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Unrealized gain | of net |
|  |  |  | (loss) on Futures/ | assets |
|  |  |  | Forward |  |
|  |  |  | Exchange Contracts/ |  |
|  |  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| EUR | KONINKLIJKE KPN NV-REG-S 0.87500% 21-15.11.33 | 1 800 000.00 | 1 561 550.84 | 0.26 |
| EUR | LINDE PLC-REG-S 1.37500% 22-31.03.31 | 2 500 000.00 | 2 463 232.25 | 0.41 |
| EUR | LSEG NETHERLANDS BV-REG-S 0.25000% 21-06.04.28 | 770 000.00 | 734 926.92 | 0.12 |
| EUR | LSEG NETHERLANDS BV-REG-S 0.75000% 21-06.04.33 | 600 000.00 | 530 979.98 | 0.09 |
| EUR | METROPOLITAN LGF I-REG-S 1.75000% 22-25.05.25 | 830 000.00 | 890 302.44 | 0.15 |
| EUR | NEW YORK LIFE GLOBAL FUNDING-REG-S 0.25000% 20-23.01.27 | 1 000 000.00 | 986 268.39 | 0.17 |
| EUR | NORDEA BANK ABP-REG-S 1.12500% 22-16.02.27 | 835 000.00 | 848 346.82 | 0.14 |
| EUR | P3 GROUP SARL-REG-S 0.87500% 22-26.01.26 | 1 085 000.00 | 1 027 441.86 | 0.17 |
| EUR | RAIFFEISEN BANK INTERNATIONAL AG-REG-S 0.25000% 20-22.01.25 | 2 400 000.00 | 2 416 868.55 | 0.41 |
| EUR | REDEXIS GAS FINANCE BV-REG-S 1.87500% 15-27.04.27 | 2 000 000.00 | 2 040 696.97 | 0.34 |
| EUR | REN FINANCE B V-REG-S 2.50000% 15-12.02.25 | 1 400 000.00 | 1 527 525.37 | 0.26 |
| EUR | ROYAL BANK OF CANADA-REG-S 0.62500% 22-23.03.26 | 1 280 000.00 | 1 329 063.03 | 0.22 |
| EUR | RTE EDF TRANSPORT SA-REG-S 1.00000% 16-19.10.26 | 900 000.00 | 927 783.27 | 0.16 |
| EUR | RWE AG-REG-S 2.75000% 22-24.05.30 | 1 375 000.00 | 1 465 220.93 | 0.25 |
| EUR | RYANAIR DAC-REG-S 0.87500% 21-25.05.26 | 1 545 000.00 | 1 540 556.25 | 0.26 |
| EUR | SGSP AUSTRALIA ASSETS PTY LTD-REG-S 2.00000% 14-30.06.22 | 650 000.00 | 697 301.26 | 0.12 |
| EUR | SVENSKA HANDELSBANKEN AB-REG-S 1.00000% 20-15.04.25 | 500 000.00 | 527 278.89 | 0.09 |
| EUR | TELEFONAKTIEBOLAGET LM ERICSSON-REG-S 1.12500% 22-08.02.27 | 2 885 000.00 | 2 679 203.20 | 0.45 |
| EUR | TOTAL CAPITAL INTERNATIONAL SA-REG-S 1.99400% 20-08.04.32 | 600 000.00 | 619 036.38 | 0.10 |
| EUR | TRATON FINANCE LUXEMBOURG SA-REG-S 1.25000% 21-24.03.33 | 600 000.00 | 501 208.74 | 0.08 |
| EUR | VODAFONE GROUP PLC-REG-S 2.50000% 19-24.05.39 | 1 350 000.00 | 1 246 960.71 | 0.21 |
| EUR | VOLKSWAGEN FINANCIAL SERVICES AG-REG-S 1.50000% 19-01.10.24 | 1 290 000.00 | 1 374 030.07 | 0.23 |
| EUR | VONOVIA SE-REG-S 0.37500% 21-16.06.27 | 700 000.00 | 660 941.32 | 0.11 |
| EUR | VONOVIA SE-REG-S 1.62500% 21-01.09.51 | 500 000.00 | 325 568.95 | 0.05 |
| Total EUR |  |  | 68 562 766.85 | 11.52 |
| GBP |  |  |  |  |
| GBP | AA BOND CO LTD-REG-S 3.25000% 21-31.07.28 | 235 000.00 | 264 226.74 | 0.04 |
| GBP | ABN AMRO BANK NV-REG-S 1.37500% 17-07.06.22 | 1 000 000.00 | 1 260 262.19 | 0.21 |
| GBP | ANGLIAN WATER SERVICES FINANCING-REG-S 4.50000% 13-22.02.26 | 700 000.00 | 934 107.23 | 0.16 |
| GBP | BASF SE-REG-S 1.37500% 18-21.06.22 | 150 000.00 | 189 007.52 | 0.03 |
| GBP | BAT CAPITAL CORP-REG-S 2.12500% 17-15.08.25 | 2 380 000.00 | 2 838 182.14 | 0.48 |
| GBP | BAT INTERNATIONAL FINANCE PLC-REG-S 2.25000% 16-09.09.52 | 550 000.00 | 350 948.06 | 0.06 |
| GBP | CADENT FINANCE PLC-REG-S 2.75000% 16-22.09.46 | 850 000.00 | 816 735.52 | 0.14 |
| GBP | DAIMLER INTERNATIONAL FINANCE BV-REG-S 2.12500% 16-07.06.22 | 1 000 000.00 | 1 260 300.00 | 0.21 |
| GBP | FCE BANK PLC-REG-S 2.72700% 16-03.06.22 | 1 000 000.00 | 1 260 300.00 | 0.21 |
| GBP | GATWICK FUNDING LTD 5.25000% 12-23.01.26 | 650 000.00 | 848 179.19 | 0.14 |
| GBP | LLOYDS BANKING GROUP PLC 2.25000% 17-16.10.24 | 800 000.00 | 982 168.94 | 0.16 |
| GBP | MACQUARIE GROUP LTD-REG-S 4.08000% 22-31.05.29 | 1 220 000.00 | 1 535 308.85 | 0.26 |
| GBP | PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 4.12500% 17-20.07.22 | 1 455 000.00 | 1 836 351.41 | 0.31 |
| GBP | THAMES WATER UTILITIES FINANCE PLC 5.12500% 06-28.09.37 | 850 000.00 | 1 186 349.90 | 0.20 |
| GBP | TOTAL CAPITAL INTERNATIONAL SA-REG-S 2.25000% 15-09.06.22 | 1 000 000.00 | 1 260 325.20 | 0.21 |
| GBP | VICINITY CENTRES TRUST-REG-S 3.37500% 16-07.04.26 | 600 000.00 | 755 661.26 | 0.13 |
| GBP | WESTERN POWER DISTRIBUTION WEST MIDLAND 5.75000% 11-16.04.32 | 410 000.00 | 600 339.12 | 0.10 |
| Total GBP |  |  | 18 178 753.27 | 3.05 |
| USD |  |  |  |  |
| USD | BANK OF AMERICA CORP 3.87500% 15-01.08.25 | 7 200 000.00 | 7 322 159.52 | 1.23 |
| USD | CASTLE PEAK POWER FINANCE CO LTD-REG-S 2.12500% 21-03.03.31 | 1 215 000.00 | 1 031 550.13 | 0.17 |
| USD | GC TREASURY CENTER CO LTD-REG-S 4.40000% 22-30.03.32 | 970 000.00 | 920 937.40 | 0.16 |
| USD | GC TREASURY CENTER CO LTD-REG-S 5.20000% 22-30.03.52 | 350 000.00 | 320 768.00 | 0.05 |
| USD | GENERAL ELECTRIC CO 6.75000% 02-15.03.32 | 652 000.00 | 758 566.03 | 0.13 |
| USD | INDIAN RAILWAY FINANCE CORP LTD-REG-S 2.80000% 21-10.02.31 | 1 210 000.00 | 1 003 271.50 | 0.17 |
| USD | JOHN DEERE CAPITAL 2.12500% 22-07.03.25 | 600 000.00 | 585 931.20 | 0.10 |
| USD | JOHN DEERE CAPITAL CORP 0.625000% 21-10.09.24 | 815 000.00 | 775 550.12 | 0.13 |
| USD | JOHN DEERE CAPITAL CORP 3.35000% 22-18.04.29 | 3 070 000.00 | 3 001 831.51 | 0.50 |
| USD | MIRVAC GROUP FINANCE LTD-REG-S 3.62500% 17-18.03.27 | 2 300 000.00 | 2 250 803.00 | 0.38 |
| USD | MORGAN STANLEY 4.00000% 15-23.07.25 | 2 500 000.00 | 2 525 407.52 | 0.42 |
| USD | MORGAN STANLEY-SUB 4.35000% 14-08.09.26 | 1 120 000.00 | 1 133 532.62 | 0.19 |
| USD | OVERSEA-CHINESE BANKING CORP-REG-S-SUB 4.25000% 14-19.06.24 | 1 800 000.00 | 1 831 402.08 | 0.31 |
| USD | PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 5.37500% 17-06.07.27 | 785 000.00 | 782 056.25 | 0.13 |
| USD | QTEL INTERNATIONAL FINANCE LTD-REG-S 2.62500% 21-08.04.31 | 460 000.00 | 405 950.00 | 0.07 |
| USD | REC LTD-REG-S 2.25000% 21-01.09.26 | 1 920 000.00 | 1 734 360.00 | 0.29 |
| USD | SAUDI ARABIAN OIL CO-REG-S 3.50000% 19-16.04.29 | 800 000.00 | 781 920.00 | 0.13 |
| USD | SHINHAN BANK CO LTD-REG-S-SUB 4.37500% 22-13.04.32 | 945 000.00 | 929 936.70 | 0.16 |
| USD | SUN HUNG KAI PROP CAP MRKT LTD-REG-S 2.87500% 20-21.01.30 | 2 000 000.00 | 1 831 473.24 | 0.31 |
| USD | TENCENT HOLDINGS LTD-REG-S 4.52500% 19-11.04.49 | 2 150 000.00 | 1 888 371.87 | 0.32 |
| USD | TORONTO-DOMINION BANK 2.35000% 22-08.03.24 | 1 200 000.00 | 1 187 363.92 | 0.20 |
| USD | WALT DISNEY CO/THE 1.85000% 16-30.07.26 | 1 540 000.00 | 1 448 954.73 | 0.24 |
| Total USD |  |  | 34 452 097.34 | 5.79 |
| Total Medium term notes, fixed rate |  | 132 028 262.41 | 22.18 |
| Medium term notes, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	APRR SA-REG-S 0.00000% 20-20.01.23 | 1 900 000.00 | 2 033 258.21 | 0.34 |
| EUR	NOVO NORDISK FINANCE NETHERLANDS BV 0.00000% 21-04.06.24 | 1 070 000.00 | 1 120 004.55 | 0.19 |
| EUR	SIEMENS FINANCIERINGSMAATSCH NV-REG-S 0.00000% 20-20.02.23 | 1 700 000.00 | 1 820 032.32 | 0.31 |
| EUR	STEDIN HOLDING NV-REG-S 0.00000% 21-16.11.26 | 740 000.00 | 722 798.73 | 0.12 |
| Total EUR |  | 5 696 093.81 | 0.96 |
| Total Medium term notes, zero coupon |  | 5 696 093.81 | 0.96 |
| Medium term notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	ABANCA CORP BANCARIA SA-REG-S 0.500%/VAR 21-08.09.27 | 1 100 000.00 | 1 041 424.26 | 0.17 |
| EUR	ALLIANZ SE-REG-S-SUB 4.750%/3M EURIBOR+360BP 13-PRP | 300 000.00 | 332 629.55 | 0.06 |
| EUR	AXA SA-REG-S-SUB 3.250%/VAR 18-28.05.49 | 1 800 000.00 | 1 858 798.29 | 0.31 |
| EUR	AXA SA-REG-S-SUB 3.375%/VAR 16-06.07.47 | 1 200 000.00 | 1 287 479.67 | 0.22 |
| EUR	BANCO DE SABADELL SA-REG-S 2.625%/VAR 22-24.03.26 | 400 000.00 | 417 908.33 | 0.07 |
| EUR	BANK OF IRELAND GROUP PLC-REG-S 1.875%/VAR 22-05.06.26 | 930 000.00 | 971 744.48 | 0.16 |
| EUR	BARCLAYS PLC-REG-S 3.375%/VAR 20-02.04.25 | 1 300 000.00 | 1 422 471.74 | 0.24 |
| EUR	BNP PARIBAS SA-REG-S 2.750%/VAR 22-25.07.28 | 1 200 000.00 | 1 283 443.20 | 0.21 |

UBS (Lux) Bond SICAV – Global Corporates (USD) Annual report and audited financial statements as of 31 May 2022
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Unrealized gain | of net |
|  |  |  | (loss) on Futures/ | assets |
|  |  |  | Forward |  |
|  |  |  | Exchange Contracts/ |  |
|  |  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| EUR | COMMONWEALTH BK OF AUSTRLIA-REG-S-SUB 1.936%/VAR 17-03.10.29 | 900 000.00 | 947 474.56 | 0.16 |
| EUR | CREDIT AGRICOLE SA-REG-S 1.000%/VAR 20-22.04.26 | 1 700 000.00 | 1 762 095.05 | 0.30 |
| EUR | CREDIT SUISSE GROUP AG-REG-S 0.650%/VAR 20-14.01.28 | 900 000.00 | 846 665.65 | 0.14 |
| EUR | DEUTSCHE BANK AG-REG-S 1.000%/VAR 20-19.11.25 | 900 000.00 | 927 264.57 | 0.15 |
| EUR | DEUTSCHE BANK AG-REG-S 1.750%/VAR 20-19.11.30 | 700 000.00 | 656 792.17 | 0.11 |
| EUR | DEUTSCHE BANK AG-REG-S 4.000%/VAR 22-24.06.32 | 500 000.00 | 513 857.20 | 0.09 |
| EUR | IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 1 100 000.00 | 1 174 168.20 | 0.20 |
| EUR | KBC GROUP NV-REG-S 1.500%/VAR 22-29.03.26 | 800 000.00 | 841 719.69 | 0.14 |
| EUR | NATWEST GROUP PLC-REG-S 2.000%/VAR 18-04.03.25 | 700 000.00 | 751 079.68 | 0.13 |
| EUR | NATWEST GROUP PLC-REG-S-SUB 1.043%/VAR 21-14.09.32 | 1 010 000.00 | 930 225.91 | 0.16 |
| EUR | TOTAL SE-REG-S-SUB 2.625%/VAR 15-PRP | 700 000.00 | 733 212.78 | 0.12 |
| EUR | TOTAL SE-REG-S-SUB 2.125%/VAR 21-PRP | 1 300 000.00 | 1 088 887.92 | 0.18 |
| Total EUR |  |  | 19 789 342.90 | 3.32 |
| GBP |  |  |  |  |
| GBP | AVIVA PLC-REG-S-SUB 5.125%VAR 15-04.06.50 | 1 100 000.00 | 1 409 248.80 | 0.24 |
| GBP | BARCLAYS PLC-REG-S 2.375%/VAR 17-06.10.23 | 800 000.00 | 1 006 376.76 | 0.17 |
| GBP | CYBG PLC-REG-S 3.375%/VAR 18-24.04.26 | 950 000.00 | 1 166 309.57 | 0.19 |
| GBP | M&G PLC-REG-S-SUB 5.000%/VAR 15-20.07.55 | 750 000.00 | 931 008.81 | 0.16 |
| GBP | YORKSHIRE WATER SERVICES FIN-REG-S 3.750%/VAR 10-22.03.46 | 550 000.00 | 695 059.84 | 0.12 |
| Total GBP |  |  | 5 208 003.78 | 0.88 |
| USD |  |  |  |  |
| USD | BANK OF AMERICA CORP 3.384%/VAR 22-02.04.26 | 2 100 000.00 | 2 069 020.82 | 0.35 |
| USD | MORGAN STANLEY 3.622%/VAR 20-01.04.31 | 2 350 000.00 | 2 238 397.60 | 0.37 |
| USD | WELLS FARGO & CO 3.526%/VAR 22-24.03.28 | 2 250 000.00 | 2 190 514.72 | 0.37 |
| Total USD |  |  | 6 497 933.14 | 1.09 |
| Total Medium term notes, floating rate |  | 31 495 279.82 | 5.29 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	ABBOTT IRELAND FINCING DAC-REG-S 0.87500% 18-27.09.23 | 1 000 000.00 | 1 073 298.23 | 0.18 |
| EUR	ADO PROPERTIES SA-REG-S 1.50000% 17-26.07.24 | 1 500 000.00 | 972 159.37 | 0.16 |
| EUR	ALSTRIA OFFICE REIT-AG-REG-S 1.50000% 20-23.06.26 | 900 000.00 | 845 090.27 | 0.14 |
| EUR	AUTOSTRADE PER L’ITALIA SPA REG-S 2.00000% 21-15.01.30 | 1 450 000.00 | 1 317 985.65 | 0.22 |
| EUR	BPCE SA-REG-S 0.25000% 20-15.01.26 | 2 400 000.00 | 2 425 656.23 | 0.41 |
| EUR	CHUBB INA HOLDINGS INC 2.50000% 18-15.03.38 | 2 000 000.00 | 1 934 784.63 | 0.33 |
| EUR	COCA-COLA EUROPEAN PARTNERS PLC-REG-S 1.50000% 18-08.11.27 | 1 700 000.00 | 1 742 845.76 | 0.29 |
| EUR	FCC AQUALIA SA-REG-S 2.62900% 17-08.06.27 | 825 000.00 | 866 724.27 | 0.15 |
| EUR	IMPERIAL BRANDS FINANCE PLC-REG-S 1.37500% 17-27.01.25 | 1 150 000.00 | 1 194 681.25 | 0.20 |
| EUR	LIBERTY MUTUAL GROUP INC-REG-S 2.75000% 16-04.05.26 | 650 000.00 | 707 477.18 | 0.12 |
| EUR	MAPFRE SA-REG-S-SUB 2.87500% 22-13.04.30 | 800 000.00 | 798 552.60 | 0.13 |
| EUR	POSCO-REG-S 0.50000% 20-17.01.24 | 1 070 000.00 | 1 128 542.46 | 0.19 |
| EUR	RESA SA/BELGIUM-REG-S 1.00000% 16-22.07.26 | 800 000.00 | 829 471.45 | 0.14 |
| EUR	TAURON POLSKA ENERGIA SA-REG-S 2.37500% 17-05.07.27 | 1 400 000.00 | 1 306 469.72 | 0.22 |
| EUR	TEVA PHARMACEUTICAL FINANCE II BV-REG-S 1.12500% 16-15.10.24 | 1 550 000.00 | 1 554 377.05 | 0.26 |
| EUR	TRANSPORT ET INFRASTRUCTURES GAZ-REG-S 2.20000% 15-05.08.25 | 700 000.00 | 752 909.60 | 0.13 |
| EUR	UMG GROUPE VYV 1.62500% 19-02.07.29 | 800 000.00 | 792 017.76 | 0.13 |
| EUR	UTAH ACQUISITION SUB INC-REG-S 3.12500% 16-22.11.28 | 500 000.00 | 512 410.70 | 0.09 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 1.12500% 17-02.10.23 | 1 700 000.00 | 1 819 285.66 | 0.31 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 4.12500% 18-16.11.38 | 1 500 000.00 | 1 694 272.94 | 0.28 |
| EUR	VVO-YHTYMA OYJ-REG-S 1.62500% 16-17.10.23 | 1 000 000.00 | 1 075 200.77 | 0.18 |
| Total EUR |  | 25 344 213.55 | 4.26 |
| GBP |  |  |  |
| GBP	BAE SYSTEMS PLC-REG-S 4.12500% 12-08.06.22 | 2 000 000.00 | 2 520 852.06 | 0.42 |
| GBP	BERKELEY GROUP PLC/THE-REG-S 2.50000% 21-11.08.31 | 845 000.00 | 845 421.85 | 0.14 |
| GBP	BUPA FINANCE PLC-REG-S-SUB 5.00000% 13-25.04.23 | 53 000.00 | 67 861.97 | 0.01 |
| GBP	DERWENT LONDON PLC-REG-S 1.87500% 21-17.11.31 | 1 565 000.00 | 1 670 143.32 | 0.28 |
| GBP	NORTHUMBRIAN WATER FINANCE PLC-REG-S 1.62500% 16-11.10.26 | 650 000.00 | 778 979.08 | 0.13 |
| GBP	ROTHESAY LIFE PLC-REG-S-SUB 3.37500% 19-12.07.26 | 2 370 000.00 | 2 895 117.26 | 0.49 |
| GBP	SCOTTISH WIDOWS PLC-REG-S-SUB 5.50000% 13-16.06.23 | 950 000.00 | 1 222 723.11 | 0.21 |
| Total GBP |  | 10 001 098.65 | 1.68 |
| USD |  |  |  |
| USD	AMERICAN AIRLINES PASS THROUGH TRUST 4.37500% 14-01.10.22 | 776 000.00 | 272 498.61 | 0.05 |
| USD	BALTIMORE GAS & ELECTRIC CO 3.50000% 16-15.08.46 | 900 000.00 | 762 276.87 | 0.13 |
| USD	CITIGROUP INC 3.87500% 13-25.10.23 | 4 860 000.00 | 4 959 872.95 | 0.83 |
| USD	CONSUMERS ENERGY COMPANY 3.25000% 16-15.08.46 | 450 000.00 | 374 124.22 | 0.06 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 2.70000% 21-12.07.26 | 1 235 000.00 | 691 600.00 | 0.12 |
| USD	DUKE ENERGY CAROLINAS LLC 4.00000% 12-30.09.42 | 1 250 000.00 | 1 155 846.55 | 0.19 |
| USD	GENERAL MOTORS CO 6.60000% 16-01.04.36 | 955 000.00 | 1 032 077.53 | 0.17 |
| USD	GOLDMAN SACHS GROUP INC-SUB 5.15000% 15-22.05.45 | 1 250 000.00 | 1 286 157.35 | 0.22 |
| USD	KROGER CO 3.70000% 17-01.08.27 | 1 350 000.00 | 1 340 731.63 | 0.23 |
| USD	MEXICO CITY AIRPORT TRUST-REG-S 5.50000% 17-31.07.47 | 937 000.00 | 707 435.00 | 0.12 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 2.66500% 17-25.07.22 | 1 020 000.00 | 1 020 394.23 | 0.17 |
| USD	NATL RURAL UTIL COOPERATIVE FIN CORP 3.70000% 19-15.03.29 | 510 000.00 | 501 508.97 | 0.09 |
| USD	PACIFICORP 6.00000% 09-15.01.39 | 1 150 000.00 | 1 301 331.04 | 0.22 |
| USD	PHILLIPS 66 4.65000% 14-15.11.34 | 600 000.00 | 603 705.37 | 0.10 |
| USD	REYNOLDS AMERICAN INC 4.45000% 15-12.06.25 | 990 000.00 | 1 002 687.69 | 0.17 |
| USD	SHELL INTERNATIONAL FINANCE BV 4.37500% 15-11.05.45 | 800 000.00 | 796 006.00 | 0.13 |
| USD	SOUTHERN CALIFORNIA EDISON CO 4.00000% 17-01.04.47 | 900 000.00 | 768 694.22 | 0.13 |
| USD	SOUTHERN CALIFORNIA EDISON CO 3.70000% 18-01.08.25 | 600 000.00 | 598 041.71 | 0.10 |
| USD	SOUTHERN CALIFORNIA EDISON CO 2.85000% 19-01.08.29 | 750 000.00 | 675 118.45 | 0.11 |
| USD	STAR ENERGY GEOTHERMAL DARAJAT II-REG-S 4.85000% 20-14.10.38 | 1 055 000.00 | 948 049.37 | 0.16 |
| USD	TIME WARNER CABLE LLC 4.50000% 12-15.09.42 | 730 000.00 | 608 801.52 | 0.10 |
| Total USD |  | 21 406 959.28 | 3.60 |
| Total Bonds, fixed rate |  | 56 752 271.48 | 9.54 |

UBS (Lux) Bond SICAV – Global Corporates (USD)
Annual report and audited financial statements as of 31 May 2022
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	AG INSURANCE SA/NV-REG-S-SUB 3.500%/VAR 15-30.06.47 | 1 300 000.00 | 1 375 634.97 | 0.23 |
| EUR	ALLIANDER NV-REG-S-SUB 1.625%/VAR 18-PRP | 400 000.00 | 408 146.25 | 0.07 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 3.250%/VAR 20-PRP | 1 200 000.00 | 1 246 909.28 | 0.21 |
| EUR	BP CAPITAL MARKETS PLC-REG-S-SUB 3.625%/VAR 20-PRP | 1 000 000.00 | 996 262.50 | 0.17 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 4.000%/VAR 18-PRP | 800 000.00 | 833 475.35 | 0.14 |
| EUR	ELM BV-REG-S-SUB 2.600%/VAR 15-PRP | 650 000.00 | 674 552.73 | 0.11 |
| EUR	OMV AG-REG-S-SUB 2.875%/VAR 18-PRP | 900 000.00 | 956 955.77 | 0.16 |
| EUR	ORSTED A/S-REG-S-SUB 2.250%/VAR 17-24.11.3017 | 340 000.00 | 357 395.78 | 0.06 |
| EUR	RABOBANK NEDERLAND NV-REG-S-SUB 3.250%/VAR 19-PRP | 600 000.00 | 571 404.75 | 0.10 |
| EUR	SOCIETE GENERALE SA-REG-S 0.500%/VAR 21-12.06.29 | 1 000 000.00 | 921 922.03 | 0.15 |
| EUR	SWISS LIFE AG VIA DEMETER INV BV-SUB 4.375%/VAR 15-PRP | 1 200 000.00 | 1 312 816.88 | 0.22 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.125%/VAR 18-PRP | 600 000.00 | 612 090.82 | 0.10 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.875%/VAR 18-PRP | 600 000.00 | 583 038.53 | 0.10 |
| EUR	VOLKSWAGEN INTL FINANCE NV-REG-S-SUB 3.375%/VAR 18-PRP | 1 500 000.00 | 1 605 460.95 | 0.27 |
| Total EUR |  | 12 456 066.59 | 2.09 |
| GBP |  |  |  |
| GBP	M&G PLC-REG-S-SUB 5.625%/VAR 18-20.10.51 | 2 100 000.00 | 2 702 045.14 | 0.45 |
| Total GBP |  | 2 702 045.14 | 0.45 |
| USD |  |  |  |
| USD	BP CAPITAL MARKETS PLC-SUB 4.875%/VAR 20-PRP | 1 000 000.00 | 935 090.67 | 0.16 |
| USD	HUANENG HONG KONG CAPITAL LTD-REG-S 3.600%/VAR 17-PRP | 1 000 000.00 | 1 000 400.00 | 0.17 |
| USD	QBE INSURANCE GROUP LTD-REG-S-SUB 6.750%/VAR 14-02.12.44 | 2 500 000.00 | 2 567 092.00 | 0.43 |
| USD	SCOR SE-REG-S-SUB 5.250%/VAR 18-PRP | 1 800 000.00 | 1 563 750.00 | 0.26 |
| USD	WESTPAC BANKING CORP-SUB 5.000%/VAR 17-PRP | 1 630 000.00 | 1 520 408.26 | 0.26 |
| Total USD |  | 7 586 740.93 | 1.28 |
| Total Bonds, floating rate |  | 22 744 852.66 | 3.82 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 484 673 646.74 | 81.43 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Notes, fixed rate |  |  |  |
| CAD |  |  |  |
| CAD	TELUS CORP 3.75000% 14-17.01.25 | 250 000.00 | 196 533.38 | 0.03 |
| Total CAD |  | 196 533.38 | 0.03 |
| USD |  |  |  |
| USD	AKER BP ASA-144A 3.00000% 20-15.01.25 | 1 200 000.00 | 1 175 534.28 | 0.20 |
| USD	AKER BP ASA-144A 4.00000% 20-15.01.31 | 2 400 000.00 | 2 251 510.99 | 0.38 |
| USD	AUSTRALIA & NEW ZEALAND BNK-REG-S-SUB 4.50000% 14-19.03.24 | 1 000 000.00 | 1 010 344.96 | 0.17 |
| USD	AVOLON HOLDINGS FUNDING LTD-144A 2.12500% 21-21.02.26 | 700 000.00 | 626 920.00 | 0.10 |
| USD	BNP PARIBAS-144A 4.40000% 18-14.08.28 | 1 160 000.00 | 1 142 196.02 | 0.19 |
| USD	BROADCOM INC 3.15000% 20-15.11.25 | 218 000.00 | 211 645.83 | 0.04 |
| USD	BROADCOM INC-144A 1.95000% 21-15.02.28 | 620 000.00 | 539 031.53 | 0.09 |
| USD	BROADCOM INC-144A 2.60000% 21-15.02.33 | 2 240 000.00 | 1 799 398.30 | 0.30 |
| USD	BROADCOM INC-144A 3.41900% 21-15.04.33 | 1 300 000.00 | 1 119 205.80 | 0.19 |
| USD	CAMERON LNG LLC-144A 3.30200% 19-15.01.35 | 1 100 000.00 | 983 211.90 | 0.16 |
| USD	CCO LLC/CAPITAL 5.37500% 17-01.05.47 | 450 000.00 | 412 979.14 | 0.07 |
| USD	CHEVRON PHILLIPS CHEMICAL CO LLC-144A 3.30000% 18-01.05.23 | 2 600 000.00 | 2 609 864.30 | 0.44 |
| USD	CHEVRON PHILLIPS CHEMICAL CO LLC-144A 5.12500% 20-01.04.25 | 900 000.00 | 937 816.02 | 0.16 |
| USD	COLONIAL ENTERPRISES INC-144A 3.25000% 20-15.05.30 | 730 000.00 | 681 590.63 | 0.11 |
| USD	CONTINENTAL RESOURCES-144A 2.26800% 21-15.11.26 | 920 000.00 | 844 017.20 | 0.14 |
| USD	CSL FINANCE PLC-144A 4.05000% 22-27.04.29 | 1 165 000.00 | 1 169 709.28 | 0.20 |
| USD	DELL INTERNATIONAL LLC / EMC CORP 5.85000% 21-15.07.25 | 640 000.00 | 672 620.53 | 0.11 |
| USD	DELL INTERNATIONAL LLC / EMC CORP 5.30000% 21-01.10.29 | 2 500 000.00 | 2 539 250.83 | 0.43 |
| USD	ERAC USA FINANCE LLC-144A 5.62500% 12-15.03.42 | 900 000.00 | 938 333.63 | 0.16 |
| USD	GLENCORE FUNDING LLC-144A 4.87500% 19-12.03.29 | 950 000.00 | 953 391.80 | 0.16 |
| USD	HCA INC-144A 3.62500% 22-15.03.32 | 375 000.00 | 342 484.91 | 0.06 |
| USD	INFOR INC-144A 1.75000% 20-15.07.25 | 750 000.00 | 701 323.97 | 0.12 |
| USD	KINDER MORGAN INC-144A 5.62500% 13-15.11.23 | 1 800 000.00 | 1 845 732.11 | 0.31 |
| USD	LIBERTY MUTUAL GROUP INC-144A 4.56900% 19-01.02.29 | 1 050 000.00 | 1 057 200.11 | 0.18 |
| USD	LUNDIN ENERGY FINANCE BV-144A 2.00000% 21-15.07.26 | 490 000.00 | 445 750.83 | 0.07 |
| USD	MPLX LP 4.25000% 20-01.12.27 | 380 000.00 | 376 248.09 | 0.06 |
| USD	NXP BV / NXP FUNDING LLC / NXP USA INC 2.70000% 22-01.05.25 | 220 000.00 | 211 906.20 | 0.04 |
| USD	ONCOR ELECTRIC DELIVERY CO 3.70000% 19-15.11.28 | 600 000.00 | 597 538.67 | 0.10 |
| USD	ONCOR ELECTRIC DELIVERY CO 3.80000% 19-01.06.49 | 700 000.00 | 636 402.17 | 0.11 |
| USD	PHILLIPS 66 CO-144A 4.68000% 22-15.02.45 | 400 000.00 | 386 322.27 | 0.06 |
| USD	SOUTHWESTERN ELECTRIC POWER 6.20000% 10-15.03.40 | 1 900 000.00 | 2 131 733.29 | 0.36 |
| USD	STATE STREET CORP 2.90100% 20-30.03.26 | 1 100 000.00 | 1 079 406.82 | 0.18 |
| USD	SWISS RE TREASURY (US) CORP-144A 4.25000% 12-06.12.42 | 700 000.00 | 688 937.24 | 0.12 |
| USD	TEACHERS INSURANCE&ANNUITY ASS-144A-SUB 4.90000% 14-15.09.44 | 670 000.00 | 669 646.89 | 0.11 |
| USD	TECK RESOURCES LTD 3.90000% 20-15.07.30 | 600 000.00 | 567 898.88 | 0.09 |
| USD	TRITON CONTAINER INTERNATIONAL LTD-144A 2.05000% 21-15.04.26 | 855 000.00 | 785 061.00 | 0.13 |
| USD	UNITD AIRLNS 2016-1 CL B PAS THRUGH TRT 3.65000% 17-07.01.26 | 355 000.00 | 216 805.71 | 0.04 |
| USD	XCEL ENERGY INC 4.80000% 11-15.09.41 | 1 900 000.00 | 1 832 789.97 | 0.31 |
| Total USD |  | 37 191 762.10 | 6.25 |
| Total Notes, fixed rate |  | 37 388 295.48 | 6.28 |

UBS (Lux) Bond SICAV – Global Corporates (USD) Annual report and audited financial statements as of 31 May 2022
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	ING GROEP NV 3.869%/VAR 22-28.03.26 | 1 095 000.00 | 1 087 182.28 | 0.18 |
| Total USD |  | 1 087 182.28 | 0.18 |
| Total Notes, floating rate |  | 1 087 182.28 | 0.18 |
| Medium term notes, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	AIR NEW ZEALAND LTD 5.70000% 22-25.05.26 | 1 420 000.00 | 1 021 275.27 | 0.17 |
| AUD	AIR NEW ZEALAND LTD 6.50000% 22-25.05.29 | 1 140 000.00 | 821 614.38 | 0.14 |
| AUD	AURIZON FINANCE PTY LTD 3.00000% 21-09.03.28 | 2 000 000.00 | 1 232 106.01 | 0.21 |
| AUD	VICTORIA POWER NETWORKS FINANCE PTY LTD 2.13200% 21-21.04.28 | 1 500 000.00 | 920 636.23 | 0.15 |
| Total AUD |  | 3 995 631.89 | 0.67 |
| CAD |  |  |  |
| CAD	BELL CANADA 4.75000% 14-29.09.44 | 250 000.00 | 181 056.64 | 0.03 |
| Total CAD |  | 181 056.64 | 0.03 |
| GBP |  |  |  |
| GBP	NATIONAL GRID ELECTRICITY TRANSMISSION 4.00000% 12-08.06.27 | 650 000.00 | 850 340.79 | 0.14 |
| Total GBP |  | 850 340.79 | 0.14 |
| Total Medium term notes, fixed rate |  | 5 027 029.32 | 0.84 |
| Medium term notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AUSTRALIA & NEW ZEALAND BANK-REG-S-SUB 2.950%VAR 20-22.07.30 | 1 450 000.00 | 1 389 072.45 | 0.23 |
| Total USD |  | 1 389 072.45 | 0.23 |
| Total Medium term notes, floating rate |  | 1 389 072.45 | 0.23 |
| Bonds, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	NSW ELECTRICITY NETWORKS FINANCE PTY 2.54300% 20-23.09.30 | 2 050 000.00 | 1 168 865.88 | 0.20 |
| Total AUD |  | 1 168 865.88 | 0.20 |
| USD |  |  |  |
| USD	FIVE CORNERS FUNDING TRUST-144A 4.41900% 13-15.11.23 | 2 795 000.00 | 2 836 493.45 | 0.48 |
| USD	MONONGAHELA POWER CO-144A 5.40000% 13-15.12.43 | 650 000.00 | 666 623.67 | 0.11 |
| Total USD |  | 3 503 117.12 | 0.59 |
| Total Bonds, fixed rate |  | 4 671 983.00 | 0.79 |
| Bonds, floating rate |  |  |  |
| USD |  |  |  |
| USD	SCENTRE GROUP TRUST 2-REG-S-SUB 4.750%/VAR 20-24.09.80 | 1 850 000.00 | 1 760 572.29 | 0.30 |
| Total USD |  | 1 760 572.29 | 0.30 |
| Total Bonds, floating rate |  | 1 760 572.29 | 0.30 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 51 324 134.82 | 8.62 |

Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market
Notes, fixed rate
| CAD |  |
| --- | --- |
| CAD | CANADIAN PACIFIC RAILWAY CO 2.54000% 21-28.02.28 | 1 250 000.00 | 900 093.88 | 0.15 |
| Total CAD |  |  | 900 093.88 | 0.15 |
| USD |  |  |  |  |
| USD | EXELON CORP-144A 2.75000% 22-15.03.27 | 660 000.00 | 626 644.76 | 0.11 |
| USD | NXP BV / NXP FUNDING LLC / NXP USA 3.15000% 22-01.05.27 | 560 000.00 | 531 753.60 | 0.09 |
| Total USD |  |  | 1 158 398.36 | 0.20 |
| Total Notes, fixed rate |  | 2 058 492.24 | 0.35 |
| Medium term notes, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	NETWORK FINANCE CO PTY LTD 2.57900% 21-03.10.28 | 3 400 000.00 | 2 108 189.78 | 0.35 |
| AUD	STOCKLAND TRUST 2.30000% 21-24.03.28 | 1 480 000.00 | 921 398.48 | 0.16 |
| Total AUD |  | 3 029 588.26 | 0.51 |
| Total Medium term notes, fixed rate |  | 3 029 588.26 | 0.51 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market |  | 5 088 080.50 | 0.86 |

UBS (Lux) Bond SICAV – Global Corporates (USD)
Annual report and audited financial statements as of 31 May 2022
| Description | Quantity/ Nominal | Valuation in USD Unrealized gain (loss) on Futures/ Forward Exchange Contracts/ Swaps (Note 1) | as a % of net assets |
| --- | --- | --- | --- |
| Recently issued transferable securities and money market instruments |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BAXTER INTERNATIONAL-144A 2.27200% 21-01.12.28 | 920 000.00 | 821 962.68 | 0.14 |
| USD	COMCAST CORP-144A 2.93700% 21-01.11.56 | 3 129 000.00 | 2 333 509.95 | 0.39 |
| USD	LUNDIN ENERGY FINANCE BV-144A 3.10000% 21-15.07.31 | 490 000.00 | 431 414.73 | 0.07 |
| USD	MAGALLANES INC-144A 4.27900% 22-15.03.32 | 1 520 000.00 | 1 420 661.55 | 0.24 |
| USD	MAGALLANES INC-144A 5.14100% 22-15.03.52 | 360 000.00 | 322 107.12 | 0.05 |
| USD	MAGALLANES INC-144A 5.39100% 22-15.03.62 | 360 000.00 | 322 522.17 | 0.05 |
| USD	TRITON CONTAINER INTERNATIONAL LTD-144A 1.15000% 21-07.06.24 | 470 000.00 | 444 385.00 | 0.08 |
| Total USD |  | 6 096 563.20 | 1.02 |
| Total Notes, fixed rate |  | 6 096 563.20 | 1.02 |
| Total Recently issued transferable securities and money market instruments |  | 6 096 563.20 | 1.02 |
| Total investments in securities |  | 547 182 425.26 | 91.93 |
| Derivative instruments |  |  |  |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Financial Futures on bonds |  |  |  |
|  |  |  |  |
| EUR	EURO-BUND FUTURE 08.06.22 | -65.00 | 1 032 631.44 | 0.17 |
| EUR	EURO-BOBL FUTURE 08.06.22 | -56.00 | 377 937.00 | 0.06 |
| GBP	LONG GILT FUTURE 28.09.22 | -48.00 | 107 075.09 | 0.02 |
| AUD	AUSTRALIA 10YR BOND FUTURE 15.06.22 | 153.00 | -1 040 874.84 | -0.18 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 21.09.22 | 59.00 | -173 257.82 | -0.03 |
| CAD	CAN 10YR BOND FUTURE 20.09.22 | 74.00 | -75 471.40 | -0.01 |
| USD	US 5YR TREASURY NOTE FUTURE 30.09.22 | 244.00 | -128 820.42 | -0.02 |
| USD	US 10YR TREASURY NOTE FUTURE 21.09.22 | 709.00 | -669 297.07 | -0.11 |
| Total Financial Futures on bonds |  | -570 078.02 | -0.10 |
| Total Derivative instruments listed on an official stock exchange |  | -570 078.02 | -0.10 |
| Total Derivative instruments |  | -570 078.02 | -0.10 |
| Forward Foreign Exchange contracts |  |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| USD | 2 787 445.63 | JPY | 362 900 000.00 | 6.6.2022 | -33 589.62 | -0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 22 036 877.43 | AUD | 31 060 000.00 | 6.6.2022 | -244 344.85 | -0.04 |
| CHF | 154 969 700.00 | USD | 158 522 701.00 | 7.6.2022 | 3 165 409.44 | 0.53 |
| USD | 162 460 779.44 | EUR | 154 470 000.00 | 6.6.2022 | -3 023 058.38 | -0.51 |
| EUR | 62 713 700.00 | USD | 65 957 898.52 | 6.6.2022 | 1 227 339.78 | 0.21 |
| USD | 3 829 025.10 | CAD | 4 930 000.00 | 6.6.2022 | -68 615.84 | -0.01 |
| USD | 37 072 416.47 | GBP | 29 595 000.00 | 6.6.2022 | -226 073.24 | -0.04 |
| USD | 2 885 111.83 | CHF | 2 816 900.00 | 7.6.2022 | -53 909.40 | -0.01 |
| AUD | 2 780 000.00 | USD | 1 951 707.06 | 6.6.2022 | 42 555.59 | 0.01 |
| USD | 1 200 017.36 | EUR | 1 138 000.00 | 6.6.2022 | -19 122.97 | 0.00 |
| EUR | 678 600.00 | USD | 716 408.88 | 6.6.2022 | 10 575.86 | 0.00 |
| EUR | 2 185 000.00 | USD | 2 278 837.01 | 6.6.2022 | 61 955.28 | 0.01 |
| EUR | 700 200.00 | USD | 741 952.23 | 6.6.2022 | 8 172.60 | 0.00 |
| USD | 4 033 210.88 | GBP | 3 230 000.00 | 6.6.2022 | -37 548.43 | -0.01 |
| JPY | 362 900 000.00 | USD | 2 849 621.64 | 6.6.2022 | -28 586.39 | 0.01 |
| EUR | 898 500.00 | USD | 963 961.39 | 6.6.2022 | -1 397.60 | 0.00 |
| USD | 2 129 964.69 | GBP | 1 685 000.00 | 6.6.2022 | 6 364.25 | 0.00 |
| USD | 43 521 019.98 | GBP | 34 510 000.00 | 6.7.2022 | 19 806.52 | 0.00 |
| Total Forward Foreign Exchange contracts | 805 932.60 | 0.14 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 42 541 917.76 | 7.15 |
| Other assets and liabilities | 5 238 662.16 | 0.88 |
| Total net assets | 595 198 859.76 | 100.00 |

UBS (Lux) Bond SICAV – Global Corporates (USD) Annual report and audited financial statements as of 31 May 2022

Translation (ENFR, 2022-05-31):
# UBS (Lux) Bond SICAV – Global Corporates (USD)
| Comparaison sur trois ans |  |
| --- | --- |
|  | ISIN | 31.5.2022 | 31.5.2021 | 31.5.2020 |
| Actif net en USD |  | 595 198 859.76 | 747 349 110.31 | 514 442 521.54 |
| Catégorie (CHF hedged) I-A1-acc | LU0390863529 |  |  |  |
| Actions en circulation |  | 323 111.6140 | 335 543.1690 | 264 463.4380 |
| Valeur nette d’inventaire par action en CHF |  | 121.36 | 136.62 | 132.47 |
| Prix d’émission et de rachat par action en CHF 1 |  | 121.36 | 136.62 | 132.47 |
| Catégorie I-A3-acc 2 | LU2203993972 |  |  |  |
| Actions en circulation |  | - | 500 000.0000 | - |
| Valeur nette d’inventaire par action en USD |  | - | 99.73 | - |
| Prix d’émission et de rachat par action en USD 1 |  | - | 99.73 | - |
| Catégorie I-B-acc | LU0390870730 |  |  |  |
| Actions en circulation |  | 35 041.4420 | 35 041.4420 | 36 456.6000 |
| Valeur nette d’inventaire par action en USD |  | 169.94 | 188.26 | 179.41 |
| Prix d’émission et de rachat par action en USD 1 |  | 169.94 | 188.26 | 179.41 |
| Catégorie (CHF hedged) I-B-acc | LU0390864253 |  |  |  |
| Actions en circulation |  | 105 880.4800 | 140 926.3150 | 154 864.8530 |
| Valeur nette d’inventaire par action en CHF |  | 134.51 | 150.77 | 145.43 |
| Prix d’émission et de rachat par action en CHF 1 |  | 134.51 | 150.77 | 145.43 |
| Catégorie I-X-acc | LU0390870904 |  |  |  |
| Actions en circulation |  | 1 881 346.4980 | 1 877 758.8810 | 926 015.7760 |
| Valeur nette d’inventaire par action en USD |  | 171.19 | 189.53 | 180.50 |
| Prix d’émission et de rachat par action en USD 1 |  | 171.19 | 189.53 | 180.50 |
| Catégorie (CHF hedged) I-X-acc | LU0390864410 |  |  |  |
| Actions en circulation |  | 728 301.8760 | 736 744.8280 | 823 394.6090 |
| Valeur nette d’inventaire par action en CHF |  | 140.34 | 157.20 | 151.53 |
| Prix d’émission et de rachat par action en CHF 1 |  | 140.34 | 157.20 | 151.53 |
| Catégorie (EUR hedged) I-X-acc | LU0390868080 |  |  |  |
| Actions en circulation |  | 547 086.3210 | 428 959.8460 | 358 442.8290 |
| Valeur nette d’inventaire par action en EUR |  | 118.31 | 132.05 | 127.50 |
| Prix d’émission et de rachat par action en EUR 1 |  | 118.31 | 132.05 | 127.50 |
| Catégorie I-X-UKdist | LU1336832081 |  |  |  |
| Actions en circulation |  | 62 214.8540 | 425 007.7300 | 425 710.0630 |
| Valeur nette d’inventaire par action en USD |  | 102.56 | 117.64 | 115.33 |
| Prix d’émission et de rachat par action en USD 1 |  | 102.56 | 117.64 | 115.33 |
| Catégorie P-acc 3 | LU0390868593 |  |  |  |
| Actions en circulation |  | 829.8550 | 100.0000 | - |
| Valeur nette d’inventaire par action en USD |  | 90.47 | 101.11 | - |
| Prix d’émission et de rachat par action en USD 1 |  | 90.47 | 101.11 | - |
| Catégorie (EUR hedged) P-acc 3 | LU0390864923 |  |  |  |
| Actions en circulation |  | 100.0000 | 100.0000 | - |
| Valeur nette d’inventaire par action en EUR |  | 89.52 | 100.90 | - |
| Prix d’émission et de rachat par action en EUR 1 |  | 89.52 | 100.90 | - |
| Catégorie (EUR hedged) Q-acc 3 | LU0390866548 |  |  |  |
| Actions en circulation |  | 100.0000 | 100.0000 | - |
| Valeur nette d’inventaire par action en EUR |  | 89.93 | 101.00 | - |
| Prix d’émission et de rachat par action en EUR 1 |  | 89.93 | 101.00 | - |
| Catégorie (CHF hedged) U-X-acc 4 | LU0390864766 |  |  |  |
| Actions en circulation |  | - | 412.3000 | 870.3000 |
| Valeur nette d’inventaire par action en CHF |  | - | 14 489.91 | 13 967.20 |
| Prix d’émission et de rachat par action en CHF 1 |  | - | 14 489.91 | 13 967.20 |
| Catégorie U-X-dist | LU0390871035 |  |  |  |
| Actions en circulation | 2 550.8160 | 440.8160 | 3 015.8160 |
| Valeur nette d’inventaire par action en USD | 11 353.23 | 12 924.46 | 12 727.90 |
| Prix d’émission et de rachat par action en USD 1 | 11 353.23 | 12 924.46 | 12 727.90 |
| 1  Voir note 1 2  La catégorie d’actions I-A3-acc était en circulation pour la période allant du 13.8.2020 au 30.8.2021. 3  Première VNI 24.3.2021 4  La catégorie d’actions (CHF hedged) U-X-acc était en circulation jusqu’au 18.10.2021 |  |  |  |

UBS (Lux) Bond SICAV – Global Corporates (USD) Rapport annuel et états financiers révisés au 31 mai 2022
| Performance |  |
| --- | --- |
|  | Devise | 2021/2022 | 2020/2021 | 2019/2020 |
| Catégorie (CHF hedged) I-A1-acc | CHF | -11.2% | 3.1% | 5.7% |
| Catégorie I-A3-acc 1 | USD | - | - | - |
| Catégorie I-B-acc | USD | -9.7% | 4.9% | 9.6% |
| Catégorie (CHF hedged) I-B-acc | CHF | -10.8% | 3.7% | 6.2% |
| Catégorie I-X-acc | USD | -9.7% | 5.0% | 9.7% |
| Catégorie (CHF hedged) I-X-acc | CHF | -10.7% | 3.7% | 6.3% |
| Catégorie (EUR hedged) I-X-acc | EUR | -10.4% | 3.6% | 6.8% |
| Catégorie I-X-UKdist | USD | -9.7% | 5.0% | 9.7% |
| Catégorie P-acc | USD | -10.5% | - | - |
| Catégorie (EUR hedged) P-acc | EUR | -11.3% | - | - |
| Catégorie (EUR hedged) Q-acc | EUR | -11.0% | - | - |
| Catégorie (CHF hedged) U-X-acc 2 | CHF | - | 3.7% | 6.3% |
| Catégorie U-X-dist | USD | -9.7% | 5.0% | 9.7% |
| Benchmark: 3 Bloomberg Barclays Global Aggregate - Corporates (hedged CHF) | CHF | -10.7% | 3.0% | 4.4% |
| Bloomberg Barclays Global Aggregate - Corporates | USD | -9.4% | 4.4% | 7.5% |
| Bloomberg Barclays Global Aggregate - Corporates (hedged EUR) | EUR | -10.6% | 3.2% | 4.9% |

1 
La catégorie d’actions I-A3-acc était en circulation pour la période allant du 13.8.2020 au 30.8.2021. Dès lors, aucune donnée n’est disponible pour calculer la performance.
2 
La catégorie d’actions (CHF hedged) U-X-acc était en circulation jusqu’au 18.10.2021. 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.
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.
UBS (Lux) Bond SICAV – Global Corporates (USD) Rapport annuel et états financiers révisés au 31 mai 2022

## Rapport du Gestionnaire de portefeuille
Au cours de l’exercice financier du 1
er 
juin 2021 au 31 mai 2022, les rendements des bons du Trésor amé- ricain ont considérablement augmenté, les signes d’une inflation forte et persistante ayant amené les marchés à anticiper les hausses des taux de la Fed. Aux États-Unis, l’IPC global a atteint des niveaux jamais vus depuis près de 40 ans sous l’effet initial de la demande non conc- rétisée et des mesures de relance budgétaire, mais il a ensuite été exacerbé par les cours élevés des matières premières en raison de l’invasion russe de l’Ukraine. À la fin de la période sous revue, la Fed américaine a relevé son taux directeur, qui passe du taux effectif consolidé inférieur à 1.0%.
Le compartiment a dégagé une performance négative sur l’exercice. D’un point de vue régional, nous avons maintenu une préférence pour l’euro par rapport aux entreprises libellées en dollars américains et, en ce qui concerne les secteurs, nous avons maintenu une plus grande exposition aux valeurs financières tout en res- tant prudents dans l’industrie. La duration corrigée des options du compartiment à la fin de l’exercice était infé- rieure à celle de l’exercice précédent, à 6.6 ans.
| Structure du portefeuille-titres |  |
| --- | --- |
| Répartition géographique en % de l’actif net	 Etats-Unis | 40.81 |
| Grande-Bretagne | 11.52 |
| Australie | 6.39 |
| Pays-Bas | 5.68 |
| France | 5.50 |
| Irlande | 2.20 |
| Espagne | 1.75 |
| Canada | 1.49 |
| Allemagne | 1.44 |
| Luxembourg | 1.11 |
| Mexique | 1.03 |
| Japon | 0.91 |
| Nouvelle-Zélande | 0.82 |
| Inde | 0.80 |
| Iles Vierges britanniques | 0.78 |
| Norvège | 0.77 |
| Suisse | 0.76 |
| Suède | 0.75 |
| Belgique | 0.75 |
| Autriche | 0.71 |
| Chine | 0.66 |
| Italie | 0.58 |
| Iles Caïmans | 0.56 |
| Danemark | 0.47 |
| Bermudes | 0.47 |
| Finlande | 0.45 |
| Jersey | 0.40 |
| Corée du Sud | 0.35 |
| Hong Kong | 0.31 |
| Singapour | 0.31 |
| Pologne | 0.22 |
| Thaïlande | 0.21 |
| Roumanie | 0.19 |
| Chili | 0.18 |
| Arabie saoudite | 0.17 |
| Indonésie | 0.16 |
| République tchèque | 0.15 |
| Multinationaux | 0.12 |
| Total | 91.93 |

Répartition économique en % de l’actif net	
| Etablissements financiers et sociétés de participation | 22.82 |
| --- | --- |
| Banques & instituts de crédit | 21.50 |
| Distribution d’énergie & d’eau | 6.09 |
| Assurances | 5.74 |
| Télécommunications | 3.72 |
| Trafic et transport | 3.32 |
| Immobilier | 3.21 |
| Pétrole | 3.18 |
| Produits pharmaceutiques, cosmétiques & médicaux | 2.33 |
| Internet, logiciels et services informatiques | 2.20 |
| Tabac et boissons alcoolisées | 2.07 |
| Industrie graphique, édition et médias | 1.55 |
| Equipement informatique et de réseau | 1.38 |
| Chimie | 1.22 |
| Commerce de détail, centres commerciaux | 1.19 |
| Services divers | 1.18 |
| Machines et appareils | 0.98 |
| Appareils et composants électriques | 0.89 |
| Soins de santé & services sociaux | 0.84 |
| Véhicules | 0.84 |
| Industrie aéronautique et spatiale | 0.81 |
| Electronique et semi-conducteurs | 0.73 |
| Diverses sociétés non classées | 0.63 |
| Industrie minière, charbon et acier | 0.63 |
| Alimentation & softs | 0.58 |
| Textiles, habillement & maroquinerie | 0.53 |
| Bâtiment et matériaux de construction | 0.34 |
| Biens de consommation divers | 0.33 |
| Biotechnologie | 0.32 |
| Emetteurs d’obligations sécurisées (Pfandbriefe) et |  |
| sociétés de refinancement | 0.29 |
| Fonds de placement | 0.19 |
| Diverses sociétés commerciales | 0.19 |
| Industrie de conditionnement | 0.11 |
| Total | 91.93 |

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

## Etat des actifs nets
Actif	31.5.2022
USD
Portefeuille-titres, cours d’achat	606 096 144.35
| Portefeuille-titres, plus- (moins-) value non-réalisée | 	-58 913 719.09	 |
| --- | --- |
| Total portefeuille-titres (note 1) | 547 182 425.26 |
| Avoirs en banque, dépôts à vue et à terme | 39 582 049.74 |
| Autres liquidités (marges) | 2 959 868.02 |
| A recevoir sur souscriptions | 39 244.33 |
| Intérêts à recevoir sur titres | 5 269 625.29 |
| Intérêts à recevoir sur liquidités | 4 279.62 |
| Frais payés d’avance | 37 352.23 |
| Bénéfice non réalisé sur contrats de change à terme (note 1) | 805 932.60 |
| Total Actif | 595 880 777.09 |
|  |  |
| Passif |  |
| Perte non réalisée sur contrats financiers à terme (note 1) | -570 078.02 |
| A payer sur achats de titres (note 1) | -21 396.21 |
| Provisions pour commission de gestion forfaitaire (note 2) | -18 511.74 |
| Provisions pour taxe d’abonnement (note 3) | -10 008.17 |
| Provisions pour autres commissions et frais (note 2) | 	-61 923.19	 |
| Total des Provisions pour frais | -90 443.10 |
| Total Passif | -681 917.33 |
|  |  |
| Actifs nets à la fin de l’exercice | 595 198 859.76 |
| Etat des opérations | USD |
| Revenus | 1.6.2021-31.5.2022 |
| Revenus d’intérêts sur liquidités | 8 168.68 |
| Intérêts sur titres | 18 043 155.54 |
| Dividendes | 348.04 |
| Revenus nets sur prêts de titres (note 17) | 165 933.96 |
| Autres revenus (note 4) | 289 507.86 |
| Total des Revenus | 18 507 114.08 |
|  |  |
| Charges |  |
| Commission de gestion forfaitaire (note 2) | -322 754.36 |
| Taxe d’abonnement (note 3) | -65 163.73 |
| Autres commissions et frais (note 2) | -65 094.99 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -50 794.65 |
| Total des Charges | -503 807.73 |
|  |  |
| Revenus (Pertes) net(te)s des investissements | 18 003 306.35 |
|  |  |
| Bénéfices (pertes) réalisé(e)s (note 1) |  |
| Bénéfice (perte) réalisé(e) sur titres évalués à la valeur de marché hors options | 489 365.40 |
| Bénéfice (perte) réalisé(e) sur instruments du marché monétaire et titres évalués en fonction des rendements | -713.23 |
| Bénéfice (perte) réalisé(e) sur contrats financiers à terme | -10 319 873.57 |
| Bénéfice (perte) réalisé(e) sur contrats de change à terme | 8 451 336.92 |
| Bénéfice (perte) réalisé(e) de change réalisé(e) | -602 077.78 |
| Total des Bénéfices (pertes) réalisé(e)s | -1 981 962.26 |
|  |  |
| Bénéfice (perte) net(te) réalisé(e) au cours de l’exercice | 16 021 344.09 |
|  |  |
| Variations des plus- (moins-) values non-réalisées (note 1) |  |
| Plus- (Moins-) value non réalisée sur titres évalués à la valeur de marché hors options | -102 532 327.44 |
| Plus- (Moins-) value non réalisée sur instruments du marché monétaire et titres évalués en fonction des rendements	-8 141.01 |
| Plus- (Moins-) value non réalisée sur contrats financiers à terme | -733 309.84 |
| Plus- (Moins-) value non réalisée sur contrats de change à terme | 1 259 425.78 |
| Total des Variations des plus- (moins-) values non-réalisées | -102 014 352.51 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | -85 993 008.42 |

UBS (Lux) Bond SICAV – Global Corporates (USD) Rapport annuel et états financiers révisés au 31 mai 2022
| Variations de l’actif net |  |
| --- | --- |
|  | USD |
|  | 1.6.2021-31.5.2022 |
| Actif net au début de l’exercice | 747 349 110.31 |
| Souscriptions | 75 697 967.54 |
| Rachats | 	-140 240 178.85	 |
| Souscriptions (Rachats) net(te)s | -64 542 211.31 |
| Dividendes versés | -1 615 030.82 |
| Revenus (Pertes) net(te)s des investissements | 18 003 306.35 |
| Total des Bénéfices (pertes) réalisé(e)s | -1 981 962.26 |
| Total des Variations des plus- (moins-) values non-réalisées | 	-102 014 352.51	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | -85 993 008.42 |
| Actifs nets à la fin de l’exercice | 595 198 859.76 |
| Evolution des actions en circulation |  |
|  | 1.6.2021-31.5.2022 |
| Catégorie | (CHF hedged) I-A1-acc |
| Nombre d’actions en circulation au début de l’exercice | 335 543.1690 |
| Nombre d’actions émises | 56 577.9800 |
| Nombre d’actions rachetées | -69 009.5350 |
| Nombre d’actions en circulation à la fin de l’exercice | 323 111.6140 |
| Catégorie | I-A3-acc |
| Nombre d’actions en circulation au début de l’exercice | 500 000.0000 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -500 000.0000 |
| Nombre d’actions en circulation à la fin de l’exercice | 0.0000 |
| Catégorie | I-B-acc |
| Nombre d’actions en circulation au début de l’exercice | 35 041.4420 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de l’exercice | 35 041.4420 |
| Catégorie | (CHF hedged) I-B-acc |
| Nombre d’actions en circulation au début de l’exercice | 140 926.3150 |
| Nombre d’actions émises | 3 337.1470 |
| Nombre d’actions rachetées | -38 382.9820 |
| Nombre d’actions en circulation à la fin de l’exercice | 105 880.4800 |
| Catégorie | I-X-acc |
| Nombre d’actions en circulation au début de l’exercice | 1 877 758.8810 |
| Nombre d’actions émises | 7 216.9880 |
| Nombre d’actions rachetées | -3 629.3710 |
| Nombre d’actions en circulation à la fin de l’exercice | 1 881 346.4980 |
| Catégorie | (CHF hedged) I-X-acc |
| Nombre d’actions en circulation au début de l’exercice | 736 744.8280 |
| Nombre d’actions émises | 33 952.7160 |
| Nombre d’actions rachetées | -42 395.6680 |
| Nombre d’actions en circulation à la fin de l’exercice | 728 301.8760 |
| Catégorie | (EUR hedged) I-X-acc |
| Nombre d’actions en circulation au début de l’exercice | 428 959.8460 |
| Nombre d’actions émises | 213 106.1310 |
| Nombre d’actions rachetées | -94 979.6560 |
| Nombre d’actions en circulation à la fin de l’exercice | 547 086.3210 |
| Catégorie | I-X-UKdist |
| Nombre d’actions en circulation au début de l’exercice | 425 007.7300 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | -362 792.8760 |
| Nombre d’actions en circulation à la fin de l’exercice | 62 214.8540 |
| Catégorie | P-acc |
| Nombre d’actions en circulation au début de l’exercice | 100.0000 |
| Nombre d’actions émises | 729.8550 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de l’exercice | 829.8550 |
| Catégorie | (EUR hedged) P-acc |
| Nombre d’actions en circulation au début de l’exercice | 100.0000 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de l’exercice | 100.0000 |
| Catégorie | (EUR hedged) Q-acc |
| Nombre d’actions en circulation au début de l’exercice | 100.0000 |
| Nombre d’actions émises | 0.0000 |
| Nombre d’actions rachetées | 0.0000 |
| Nombre d’actions en circulation à la fin de l’exercice | 100.0000 |

UBS (Lux) Bond SICAV – Global Corporates (USD) Rapport annuel et états financiers révisés au 31 mai 2022
| Catégorie | (CHF hedged) U-X-acc |
| --- | --- |
| Nombre d’actions en circulation au début de l’exercice | 412.3000 |
| Nombre d’actions émises | 22.0000 |
| Nombre d’actions rachetées | -434.3000 |
| Nombre d’actions en circulation à la fin de l’exercice | 0.0000 |
| Catégorie | U-X-dist |
| Nombre d’actions en circulation au début de l’exercice | 440.8160 |
| Nombre d’actions émises | 2 287.0000 |
| Nombre d’actions rachetées | -177.0000 |
| Nombre d’actions en circulation à la fin de l’exercice | 2 550.8160 |
| Distribution annuelle 1 |  |  |  |  |
| UBS (Lux) Bond SICAV – Global Corporates (USD) | Date de détachement | Date de versement | Devise | Montant par action |
| I-X-UKdist | 15.6.2021 | 18.6.2021 | USD | 3.30 |
| I-X-UKdist | 8.10.2021 | 13.10.2021 | USD | 0.83 |
| U-X-dist | 2.8.2021 | 5.8.2021 | USD | 364.93 |
| 1  Voir note 5 |  |  |  |  |

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

## Etat du portefeuille-titres et autres actifs nets au 31 mai 2022
| Dénomination | Nombre/ | Evaluation en USD | 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 |  |  |  |
| EUR |  |  |  |
| EUR	BACARDI LTD-REG-S 2.75000% 13-03.07.23 | 1 050 000.00 | 1 139 288.83 | 0.19 |
| EUR	BOUYGUES SA 3.25000% 22-30.06.37 | 1 100 000.00 | 1 166 859.92 | 0.20 |
| EUR	BP CAPITAL MARKETS BV-REG-S 0.93300% 20-04.12.40 | 1 115 000.00 | 799 503.31 | 0.13 |
| EUR	FISERV INC 1.62500% 19-01.07.30 | 2 200 000.00 | 2 126 684.07 | 0.36 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 3.37500% 20-27.03.25 | 1 150 000.00 | 1 277 703.98 | 0.21 |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.12500% 20-11.02.28 | 1 700 000.00 | 1 657 405.87 | 0.28 |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.37500% 20-11.02.31 | 1 300 000.00 | 1 204 606.70 | 0.20 |
| EUR	MACIF-REG-S-SUB 0.62500% 21-21.06.27 | 1 000 000.00 | 944 750.37 | 0.16 |
| EUR	NATIONAL GRID ELECTRICITY TRANS-REG-S 0.19000% 20-20.01.25 | 600 000.00 | 616 380.54 | 0.10 |
| EUR	TEVA PHARMACEUTICAL FINANCE II BV 4.50000% 18-01.03.25 | 425 000.00 | 452 947.93 | 0.08 |
| EUR	TRITAX EUROBOX PLC-REG-S 0.95000% 21-02.06.26 | 400 000.00 | 391 707.27 | 0.07 |
| EUR	VONOVIA SE-REG-S 2.37500% 22-25.03.32 | 300 000.00 | 294 520.26 | 0.05 |
| Total EUR |  | 12 072 359.05 | 2.03 |
| GBP |  |  |  |
| GBP	BUPA FINANCE PLC-REG-S 1.75000% 20-14.06.27 | 2 600 000.00 | 3 062 301.65 | 0.51 |
| GBP	BUPA FINANCE PLC-REG-S-SUB 4.12500% 20-14.06.35 | 850 000.00 | 980 299.02 | 0.17 |
| Total GBP |  | 4 042 600.67 | 0.68 |
| USD |  |  |  |
| USD	3M CO 2.65000% 20-15.04.25 | 460 000.00 | 455 025.12 | 0.08 |
| USD	ABBOTT LABORATORIES 4.90000% 16-30.11.46 | 1 450 000.00 | 1 593 509.49 | 0.27 |
| USD	ABBVIE INC 2.90000% 13-06.11.22 | 760 000.00 | 761 517.51 | 0.13 |
| USD	ABBVIE INC 4.25000% 18-14.11.28 | 1 150 000.00 | 1 166 364.86 | 0.20 |
| USD	ABBVIE INC 4.40000% 13-06.11.42 | 845 000.00 | 805 449.61 | 0.14 |
| USD	ABBVIE INC 4.87500% 18-14.11.48 | 800 000.00 | 810 620.15 | 0.14 |
| USD	ADOBE INC 2.15000% 20-01.02.27 | 750 000.00 | 713 329.06 | 0.12 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.50000% 20-15.09.23 | 700 000.00 | 702 414.21 | 0.12 |
| USD	AERCAP IRELAND CAP/ GLBL AVIATION TRUST 6.50000% 20-15.07.25 | 750 000.00 | 782 850.21 | 0.13 |
| USD	AERCAP IRELAND CAPITAL DAC / AERCAP 1.65000% 21-29.10.24 | 2 750 000.00 | 2 578 005.74 | 0.43 |
| USD	AERCAP IRELAND CAPITAL DAC / AERCAP GLO 3.00000% 21-29.10.28 | 550 000.00 | 482 585.66 | 0.08 |
| USD	AIR LEASE CORP 3.37500% 20-01.07.25 | 1 150 000.00 | 1 114 484.61 | 0.19 |
| USD	AIR PRODUCTS & CHEMICALS INC 2.05000% 20-15.05.30 | 650 000.00 | 571 476.10 | 0.10 |
| USD	ALBEMARLE CORPORATION 5.45000% 14-01.12.44 | 950 000.00 | 936 080.96 | 0.16 |
| USD	ALIBABA GROUP HOLDING LTD 3.40000% 17-06.12.27 | 830 000.00 | 798 700.70 | 0.13 |
| USD	ALIBABA GROUP HOLDING LTD 4.20000% 17-06.12.47 | 900 000.00 | 746 887.50 | 0.13 |
| USD	ALIBABA GROUP HOLDING LTD 2.70000% 21-09.02.41 | 720 000.00 | 496 972.80 | 0.08 |
| USD	ALTRIA GROUP INC 4.25000% 12-09.08.42 | 2 400 000.00 | 1 927 292.64 | 0.32 |
| USD	ALTRIA GROUP INC 4.40000% 19-14.02.26 | 434 000.00 | 440 078.85 | 0.07 |
| USD	ALTRIA GROUP INC 4.80000% 19-14.02.29 | 64 000.00 | 63 937.89 | 0.01 |
| USD	ALTRIA GROUP INC 5.95000% 19-14.02.49 | 900 000.00 | 865 579.93 | 0.15 |
| USD	AMAZON.COM INC 2.80000% 18-22.08.24 | 2 600 000.00 | 2 602 929.34 | 0.44 |
| USD	AMAZON.COM INC 3.10000% 21-12.05.51 | 1 130 000.00 | 942 643.78 | 0.16 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 3 550 000.00 | 3 578 262.69 | 0.60 |
| USD	ANHEUSER-BUSCH COS 3.65000% 19-01.02.26 | 1 200 000.00 | 1 201 693.96 | 0.20 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.75000% 19-23.01.29 | 1 150 000.00 | 1 196 080.85 | 0.20 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.50000% 20-01.06.50 | 1 500 000.00 | 1 426 754.37 | 0.24 |
| USD	ANTHEM INC 3.65000% 17-01.12.27 | 580 000.00 | 575 745.41 | 0.10 |
| USD	APACHE CORP 4.25000% 12-15.01.44 | 1 500 000.00 | 1 194 720.00 | 0.20 |
| USD	APPLE INC 1.80000% 19-11.09.24 | 750 000.00 | 736 033.10 | 0.12 |
| USD	APPLE INC 3.85000% 16-04.08.46 | 1 900 000.00 | 1 826 156.61 | 0.31 |
| USD	APT PIPELINES LTD-REG-S 4.20000% 15-23.03.25 | 1 690 000.00 | 1 697 666.68 | 0.29 |
| USD	APT PIPELINES LTD-REG-S 4.25000% 17-15.07.27 | 860 000.00 | 858 482.01 | 0.14 |
| USD	APTIV PLC 2.39600% 22-18.02.25 | 1 125 000.00 | 1 087 230.89 | 0.18 |
| USD	APTIV PLC 3.25000% 22-01.03.32 | 235 000.00 | 207 418.45 | 0.03 |
| USD	AT&T INC 1.65000% 20-01.02.28 | 530 000.00 | 469 219.76 | 0.08 |
| USD	AT&T INC 3.55000% 21-15.09.55 | 1 649 000.00 | 1 320 316.80 | 0.22 |
| USD	AT&T INC 4.35000% 19-01.03.29 | 2 560 000.00 | 2 591 148.67 | 0.44 |
| USD	AT&T INC 4.75000% 15-15.05.46 | 2 200 000.00 | 2 167 811.36 | 0.36 |
| USD	BANK OF NOVA SCOTIA/THE 3.45000% 22-11.04.25 | 590 000.00 | 587 808.48 | 0.10 |
| USD	BAT CAPITAL CORP 3.55700% 18-15.08.27 | 870 000.00 | 819 391.37 | 0.14 |
| USD	BOEING CO/THE 2.19600% 21-04.02.26 | 1 000 000.00 | 915 795.89 | 0.15 |
| USD	BP CAPITAL MARKETS AMERICA INC 1.74900% 20-10.08.30 | 1 200 000.00 | 1 017 963.70 | 0.17 |
| USD	BRISTOL MYERS SQUIBB CO 4.25000% 20-26.10.49 | 1 700 000.00 | 1 672 349.50 | 0.28 |
| USD	BURLINGTON NORTHERN SANTA FE LLC 5.40000% 11-01.06.41 | 950 000.00 | 1 042 131.17 | 0.17 |
| USD	CANADIAN IMPERIAL BANK OF COMMERCE 3.30000% 22-07.04.25 | 915 000.00 | 910 346.52 | 0.15 |
| USD	CANADIAN PACIFIC RAILWAY 3.10000% 21-02.12.51 | 900 000.00 | 705 929.25 | 0.12 |
| USD	CHEVRON USA INC 3.85000% 21-15.01.28 | 650 000.00 | 660 673.12 | 0.11 |
| USD	CIGNA CORP 2.40000% 20-15.03.30 | 600 000.00 | 530 133.25 | 0.09 |
| USD	CIGNA CORP 4.37500% 19-15.10.28 | 1 250 000.00 | 1 269 182.20 | 0.21 |
| USD	CIGNA CORP 4.90000% 19-15.12.48 | 450 000.00 | 448 703.26 | 0.08 |
| USD	CITIGROUP INC 4.65000% 18-23.07.48 | 2 000 000.00 | 1 994 883.86 | 0.33 |
| USD	CITIGROUP INC-SUB 4.60000% 16-09.03.26 | 580 000.00 | 588 055.32 | 0.10 |
| USD	CNOOC PETROLEUM NORTH AMERICA ULC 6.40000% 07-15.05.37 | 950 000.00 | 1 054 431.03 | 0.18 |
| USD	COCA-COLA FEMSA SA 2.75000% 20-22.01.30 | 1 900 000.00 | 1 731 907.00 | 0.29 |
| USD	COMCAST CORP 3.95000% 18-15.10.25 | 1 100 000.00 | 1 122 133.13 | 0.19 |
| USD	COMCAST CORP 4.15000% 18-15.10.28 | 1 000 000.00 | 1 023 031.26 | 0.17 |
| USD	CORP NACIONAL DEL COBRE DE CHILE-REG-S 3.62500% 17-01.08.27 | 1 140 000.00 | 1 097 820.00 | 0.18 |
| USD	COSTCO WHOLESALE CORP 1.60000% 20-20.04.30 | 370 000.00 | 318 199.34 | 0.05 |
| USD	CVS HEALTH CORP 2.62500% 19-15.08.24 | 550 000.00 | 544 109.44 | 0.09 |
| USD	CVS HEALTH CORP 4.30000% 18-25.03.28 | 540 000.00 | 546 729.11 | 0.09 |
| USD	CVS HEALTH CORP 5.05000% 18-25.03.48 | 650 000.00 | 662 086.45 | 0.11 |
| USD	CVS HEALTH CORP 5.12500% 15-20.07.45 | 1 450 000.00 | 1 475 407.99 | 0.25 |
| USD	DELL INTERNATIONAL LLC / EMC CORP 8.35000% 21-15.07.46 | 413 000.00 | 544 235.22 | 0.09 |
| USD	DIAGEO CAPITAL PLC 3.87500% 13-29.04.43 | 600 000.00 | 554 640.82 | 0.09 |
| USD	DISCOVERY COMMUNICATIONS LLC 5.30000% 19-15.05.49 | 1 500 000.00 | 1 385 302.95 | 0.23 |

UBS (Lux) Bond SICAV – Global Corporates (USD) Rapport annuel et états financiers révisés au 31 mai 2022
|  | Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
|  |  |  |  |  |
| USD | EATON CORP 4.15000% 13-02.11.42 | 850 000.00 | 798 464.05 | 0.13 |
| USD | ELECTRICITE DE FRANCE-REG-S 6.95000% 09-26.01.39 | 475 000.00 | 535 822.21 | 0.09 |
| USD | ENLINK MIDSTREAM PARTNERS LP 4.40000% 14-01.04.24 | 315 000.00 | 314 606.25 | 0.05 |
| USD | ENTERPRISE PRODUCTS OPERATING LLC 4.85000% 13-15.03.44 | 770 000.00 | 747 523.00 | 0.13 |
| USD | EQT CORP 3.90000% 17-01.10.27 | 920 000.00 | 886 778.80 | 0.15 |
| USD | EVERSOURCE ENERGY 1.65000% 20-15.08.30 | 1 570 000.00 | 1 279 000.10 | 0.21 |
| USD | EXELON CORP 3.40000% 16-15.04.26 | 590 000.00 | 579 671.69 | 0.10 |
| USD | FIRSTENERGY CORP 2.25000% 20-01.09.30 | 710 000.00 | 594 458.15 | 0.10 |
| USD | FISERV INC 3.20000% 19-01.07.26 | 1 750 000.00 | 1 699 460.23 | 0.29 |
| USD | FLOWSERVE CORP 3.50000% 20-01.10.30 | 1 300 000.00 | 1 158 098.36 | 0.19 |
| USD | FOMENTO ECONOMICO MEXIC SAB DE CV 3.50000% 20-16.01.50 | 2 000 000.00 | 1 645 840.00 | 0.28 |
| USD | GE CAPITAL INTL FUNDING CO 4.41800% 16-15.11.35 | 1 891 000.00 | 1 864 500.80 | 0.31 |
| USD | GENERAL MOTORS CO 5.00000% 14-01.04.35 | 460 000.00 | 435 720.07 | 0.07 |
| USD | GENERAL MOTORS CO 6.12500% 20-01.10.25 | 1 400 000.00 | 1 481 902.88 | 0.25 |
| USD | GENERAL MOTORS FINANCIAL CO 4.35000% 18-09.04.25 | 1 700 000.00 | 1 713 526.91 | 0.29 |
| USD | GEORGIA POWER CO 2.10000% 20-30.07.23 | 800 000.00 | 793 577.54 | 0.13 |
| USD | GILEAD SCIENCES INC 4.80000% 14-01.04.44 | 1 220 000.00 | 1 230 266.79 | 0.21 |
| USD | GILEAD SCIENCES INC 4.75000% 15-01.03.46 | 650 000.00 | 646 553.22 | 0.11 |
| USD | GOLDMAN SACHS GROUP INC 3.50000% 20-01.04.25 | 3 965 000.00 | 3 959 668.82 | 0.67 |
| USD | HARTFORD FINANCIAL SERVICES GROUP INC 4.40000% 18-15.03.48 | 1 250 000.00 | 1 168 810.81 | 0.20 |
| USD | HOME DEPOT INC/THE 4.87500% 13-15.02.44 | 600 000.00 | 635 320.47 | 0.11 |
| USD | ILLINOIS TOOL WORKS INC 2.65000% 16-15.11.26 | 1 350 000.00 | 1 312 867.37 | 0.22 |
| USD | INTERNATIONAL BUSINESS MACHINES CORP 3.30000% 19-15.05.26 | 2 000 000.00 | 1 988 344.46 | 0.33 |
| USD | JMH CO LTD-REG-S 2.50000% 21-09.04.31 | 2 985 000.00 | 2 597 938.72 | 0.44 |
| USD | JPMORGAN CHASE & CO 3.20000% 13-25.01.23 | 7 550 000.00 | 7 607 176.38 | 1.28 |
| USD | JPMORGAN CHASE & CO-SUB 3.62500% 16-01.12.27 | 1 800 000.00 | 1 757 653.07 | 0.30 |
| USD | LINCOLN NATIONAL CORP 3.80000% 18-01.03.28 | 2 300 000.00 | 2 270 627.60 | 0.38 |
| USD | LLOYDS BANKING GROUP PLC 4.37500% 18-22.03.28 | 1 150 000.00 | 1 145 387.56 | 0.19 |
| USD | LLOYDS BANKING GROUP PLC 4.45000% 18-08.05.25 | 800 000.00 | 812 546.80 | 0.14 |
| USD | LOWE’S COS INC 3.00000% 20-15.10.50 | 800 000.00 | 596 899.64 | 0.10 |
| USD | LSEGA FINANCING PLC-144A 2.50000% 21-06.04.31 | 1 200 000.00 | 1 051 025.83 | 0.18 |
| USD | MASCO CORP 2.00000% 20-01.10.30 | 1 050 000.00 | 858 567.06 | 0.14 |
| USD | MASCO CORP 4.50000% 17-15.05.47 | 700 000.00 | 635 052.60 | 0.11 |
| USD | MASTERCARD INC 2.00000% 19-03.03.25 | 1 380 000.00 | 1 347 440.97 | 0.23 |
| USD | MEITUAN DIANPING-REG-S 3.05000% 20-28.10.30 | 1 950 000.00 | 1 482 365.62 | 0.25 |
| USD | MERCK & CO INC 3.70000% 15-10.02.45 | 320 000.00 | 293 635.63 | 0.05 |
| USD | MEXICHEM SAB DE CV-REG-S 4.00000% 17-04.10.27 | 1 250 000.00 | 1 191 875.00 | 0.20 |
| USD | MEXICHEM SAB DE CV-REG-S 5.50000% 17-15.01.48 | 950 000.00 | 833 150.00 | 0.14 |
| USD | MICROSOFT CORP 2.92100% 21-17.03.52 | 2 130 000.00 | 1 776 793.35 | 0.30 |
| USD | MORGAN STANLEY 6.37500% 12-24.07.42 | 600 000.00 | 727 508.69 | 0.12 |
| USD | MPLX LP 5.20000% 17-01.03.47 | 900 000.00 | 855 206.24 | 0.14 |
| USD | NATWEST GROUP PLC 3.87500% 16-12.09.23 | 1 900 000.00 | 1 911 111.01 | 0.32 |
| USD | NATWEST GROUP PLC 4.80000% 16-05.04.26 | 1 100 000.00 | 1 113 829.63 | 0.19 |
| USD | NIKE INC 2.40000% 20-27.03.25 | 270 000.00 | 265 122.04 | 0.04 |
| USD | NTT FINANCE CORP-REG-S 2.06500% 21-03.04.31 | 855 000.00 | 734 104.63 | 0.12 |
| USD | ORACLE CORP 2.50000% 20-01.04.25 | 460 000.00 | 443 418.85 | 0.07 |
| USD | PAYPAL HOLDINGS INC 2.65000% 19-01.10.26 | 1 150 000.00 | 1 108 197.45 | 0.19 |
| USD | PAYPAL HOLDINGS INC 2.85000% 19-01.10.29 | 1 900 000.00 | 1 751 715.30 | 0.29 |
| USD | PHILIP MORRIS INTERNATIONAL INC 4.25000% 14-10.11.44 | 650 000.00 | 560 828.08 | 0.09 |
| USD | PHILIP MORRIS INTERNATIONAL INC 1.50000% 20-01.05.25 | 600 000.00 | 570 684.22 | 0.10 |
| USD | PLAINS ALL AMERICAN PIPELINE LP 3.80000% 20-15.09.30 | 1 000 000.00 | 922 041.68 | 0.15 |
| USD | PUBLIC STORAGE 1.95000% 21-09.11.28 | 1 150 000.00 | 1 020 610.14 | 0.17 |
| USD | QUALCOMM INC 4.30000% 17-20.05.47 | 680 000.00 | 669 217.62 | 0.11 |
| USD | QUANTA SERVICES INC 2.90000% 20-01.10.30 | 1 210 000.00 | 1 050 241.51 | 0.18 |
| USD | QUANTA SERVICES INC 3.05000% 21-01.10.41 | 2 000 000.00 | 1 473 730.44 | 0.25 |
| USD | RAYTHEON TECHNOLOGIES CORP 2.37500% 21-15.03.32 | 775 000.00 | 675 375.25 | 0.11 |
| USD | RELIANCE INDUSTRIES LTD-REG-S 2.87500% 22-12.01.32 | 745 000.00 | 636 833.45 | 0.11 |
| USD | RELIANCE INDUSTRIES LTD-REG-S 3.62500% 22-12.01.52 | 1 820 000.00 | 1 364 727.00 | 0.23 |
| USD | REYNOLDS AMERICAN INC 5.70000% 15-15.08.35 | 950 000.00 | 942 063.47 | 0.16 |
| USD | ROCHE HOLDINGS INC-REG-S 2.62500% 16-15.05.26 | 1 000 000.00 | 974 214.33 | 0.16 |
| USD | ROPER TECHNOLOGIES INC 2.00000% 20-30.06.30 | 1 100 000.00 | 918 011.72 | 0.15 |
| USD | SALESFORCE.COM INC 0.62500% 21-15.07.24 | 1 160 000.00 | 1 106 341.65 | 0.19 |
| USD | SALESFORCE.COM INC 1.50000% 21-15.07.28 | 650 000.00 | 580 501.22 | 0.10 |
| USD | SANTOS FINANCE LTD-REG-S 3.64900% 21-29.04.31 | 800 000.00 | 696 686.24 | 0.12 |
| USD | SAUDI ARABIAN OIL CO-REG-S 1.62500% 20-24.11.25 | 215 000.00 | 201 562.50 | 0.03 |
| USD | SEMPRA ENERGY 6.00000% 09-15.10.39 | 950 000.00 | 1 055 593.79 | 0.18 |
| USD | SGSP AUSTRALIA ASSETS PTY LTD-REG-S 3.25000% 16-29.07.26 | 1 450 000.00 | 1 404 325.00 | 0.24 |
| USD | SOUTHERN CO 3.25000% 16-01.07.26 | 1 150 000.00 | 1 123 649.16 | 0.19 |
| USD | SOUTHERN CO 4.40000% 16-01.07.46 | 350 000.00 | 323 976.15 | 0.05 |
| USD | SOUTHERN CO GAS CAPITAL CORP 3.15000% 21-30.09.51 | 470 000.00 | 347 430.00 | 0.06 |
| USD | SOUTHWEST AIRLINES CO 4.75000% 20-04.05.23 | 500 000.00 | 508 044.83 | 0.09 |
| USD | SOUTHWEST AIRLINES CO 5.12500% 20-15.06.27 | 750 000.00 | 781 671.88 | 0.13 |
| USD | TARGET CORP 1.95000% 22-15.01.27 | 690 000.00 | 651 771.21 | 0.11 |
| USD | TELEFONICA EMISIONES SA 5.52000% 19-01.03.49 | 3 350 000.00 | 3 307 460.77 | 0.56 |
| USD | TEXAS INSTRUMENTS INC 1.37500% 20-12.03.25 | 900 000.00 | 859 174.80 | 0.14 |
| USD | THERMO FISHER SCIENTIFIC INC 2.80000% 21-15.10.41 | 1 400 000.00 | 1 125 243.31 | 0.19 |
| USD | THERMO FISHER SCIENTIFIC INC 1.21500% 21-18.10.24 | 700 000.00 | 670 269.78 | 0.11 |
| USD | TSMC ARIZONA CORP 3.12500% 21-25.10.41 | 440 000.00 | 361 750.40 | 0.06 |
| USD | UBS AG STAMFORD-SUB 7.62500% 12-17.08.22 | 1 446 000.00 | 1 459 990.77 | 0.25 |
| USD | UNION PACIFIC CORP 4.05000% 15-15.11.45 | 400 000.00 | 366 758.96 | 0.06 |
| USD | UNITED TECHNOLOGIES CORP 3.95000% 18-16.08.25 | 680 000.00 | 692 580.00 | 0.12 |
| USD | VERISIGN INC 5.25000% 15-01.04.25 | 1 095 000.00 | 1 138 936.88 | 0.19 |
| USD | VERIZON COMMUNICATIONS INC 3.37600% 18-15.02.25 | 600 000.00 | 606 073.56 | 0.10 |
| USD | VERIZON COMMUNICATIONS INC 1.45000% 21-20.03.26 | 1 000 000.00 | 929 745.30 | 0.16 |
| USD | VERIZON COMMUNICATIONS INC 2.55000% 21-21.03.31 | 1 800 000.00 | 1 593 790.74 | 0.27 |
| USD | VIACOMCBS INC 4.75000% 20-15.05.25 | 1 192 000.00 | 1 225 000.41 | 0.21 |
| USD | VICI PROPERTIES LP 5.12500% 22-15.05.32 | 560 000.00 | 555 284.80 | 0.09 |
| USD | VICI PROPERTIES LP 5.62500% 22-15.05.52 | 720 000.00 | 705 088.80 | 0.12 |
| USD | VIRGINIA ELECTRIC & POWER CO 4.00000% 16-15.11.46 | 800 000.00 | 734 150.64 | 0.12 |
| USD | VIRGINIA ELECTRIC & POWER CO 3.80000% 18-01.04.28 | 500 000.00 | 500 285.20 | 0.08 |
| USD | VISA INC 1.90000% 20-15.04.27 | 850 000.00 | 800 028.76 | 0.13 |
| USD | VMWARE INC 1.80000% 21-15.08.28 | 600 000.00 | 511 521.24 | 0.09 |
| USD | VODAFONE GROUP PLC 4.37500% 13-19.02.43 | 450 000.00 | 408 159.85 | 0.07 |
| USD | WALT DISNEY CO 1.75000% 19-30.08.24 | 2 520 000.00 | 2 463 762.85 | 0.41 |
| USD | WALT DISNEY CO 6.20000% 19-15.12.34 | 2 320 000.00 | 2 739 046.73 | 0.46 |
| USD | WESTPAC BANKING CORP-SUB 4.42100% 19-24.07.39 | 1 250 000.00 | 1 171 003.63 | 0.20 |

UBS (Lux) Bond SICAV – Global Corporates (USD) Rapport annuel et états financiers révisés au 31 mai 2022
|  | Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Bénéfice/(perte) non | de |
|  |  |  | réalisé(e) sur futures/ | l’actif |
|  |  |  | Contrats de | net |
|  |  |  | change à terme/ |  |
|  |  |  | Swaps (note 1) |  |
|  |  |  |  |  |
| USD | WESTPAC BANKING CORP 2.00000% 20-13.01.23 | 700 000.00 | 697 750.90 | 0.12 |
| USD | WILLIAMS COS INC/THE 4.30000% 14-04.03.24 | 1 600 000.00 | 1 624 116.16 | 0.27 |
| USD | WILLIAMS COS INC/THE 4.90000% 14-15.01.45 | 450 000.00 | 422 074.04 | 0.07 |
| USD | WPP FINANCE 2010 3.75000% 14-19.09.24 | 760 000.00 | 761 691.15 | 0.13 |
| USD | XLIT LTD 5.25000% 13-15.12.43 | 503 000.00 | 555 789.85 | 0.09 |
| Total USD |  |  | 181 902 654.43 | 30.56 |
| Total des Billets, taux fixe |  | 198 017 614.15 | 33.27 |
| Billets, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	BARCLAYS PLC-REG-S 0.577%VAR 21-09.08.29 | 1 550 000.00 | 1 415 745.47 | 0.24 |
| EUR	BPCE SA-REG-S-SUB 1.500%/VAR 21-13.01.42 | 1 600 000.00 | 1 533 464.38 | 0.26 |
| EUR	CREDIT SUISSE GROUP-REG-S 2.125%/VAR 22-13.10.26 | 1 345 000.00 | 1 393 825.57 | 0.23 |
| EUR	CREDIT SUISSE GROUP-REG-S 2.875%/VAR 22-02.04.32 | 815 000.00 | 802 578.92 | 0.13 |
| EUR	ENI SPA-REG-S-SUB 3.375%/VAR 20-PRP | 950 000.00 | 898 314.11 | 0.15 |
| EUR	VIRGIN MONEY UK PLC-REG-S 2.875%/VAR 20-24.06.25 | 1 100 000.00 | 1 182 440.04 | 0.20 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN-REG-S-SUB 4.375%/VAR 22-PRP | 900 000.00 | 872 354.76 | 0.15 |
| Total EUR |  | 8 098 723.25 | 1.36 |
| USD |  |  |  |
| USD	ALLIANZ SE-REG-S-SUB 3.500%/VAR 20-PRP | 800 000.00 | 700 968.08 | 0.12 |
| USD	BK OF AMERICA CORP 3.004%/VAR 18-20.12.23 | 3 000 000.00 | 2 999 230.74 | 0.50 |
| USD	CITIGROUP INC 2.520%/VAR 21-03.11.32 | 2 000 000.00 | 1 691 808.64 | 0.28 |
| USD	DEUTSCHE BANK AG/NEW YORK NY 2.222%/VAR 20-18.09.24 | 840 000.00 | 818 683.13 | 0.14 |
| USD	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.625%/VAR 14-PRP | 590 000.00 | 576 607.00 | 0.10 |
| USD	GOLDMAN SACHS GROUP INC 3.615%/VAR 22-15.03.28 | 2 150 000.00 | 2 096 555.80 | 0.35 |
| USD	JPMORGAN CHASE & CO 2.739%/VAR 19-15.10.30 | 2 700 000.00 | 2 440 363.41 | 0.41 |
| USD	JPMORGAN CHASE & CO-SUB 2.956%/VAR 20-13.05.31 | 1 800 000.00 | 1 606 269.92 | 0.27 |
| USD	LLOYDS BANKING GROUP PLC 3.574%/3M LIBOR+120.5BP 17-07.11.28 | 1 600 000.00 | 1 532 734.17 | 0.26 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 0.953%/ VAR 21-19.07.25 | 3 900 000.00 | 3 688 986.21 | 0.62 |
| USD	MORGAN STANLEY 0.731%/VAR 21-05.04.24 | 1 850 000.00 | 1 811 910.03 | 0.30 |
| USD	NATWEST GROUP PLC 4.519%/VAR 18-25.06.24 | 1 500 000.00 | 1 514 246.56 | 0.25 |
| USD	PRUDENTIAL PLC-SUB-REG-S 2.950%/VAR 21-03.11.33 | 2 335 000.00 | 2 059 129.79 | 0.35 |
| USD	STANDARD CHARTERED PLC-REG-S 3.885%/VAR 18-15.03.24 | 4 500 000.00 | 4 508 126.82 | 0.76 |
| USD	WESTPAC BANKING CORP-SUB 4.110%/VAR 19-24.07.34 | 1 900 000.00 | 1 794 928.86 | 0.30 |
| Total USD |  | 29 840 549.16 | 5.01 |
| Total des Billets, taux variable |  | 37 939 272.41 | 6.37 |
| Medium-Term Notes, taux fixe |  |  |  |
| AUD |  |  |  |
| AUD	AURIZON NETWORK PTY LTD-REG-S 4.00000% 17-21.06.24 | 640 000.00 | 457 524.68 | 0.08 |
| AUD	AUSGRID FINANCE PTY LTD-REG-S 3.75000% 17-30.10.24 | 1 100 000.00 | 783 222.10 | 0.13 |
| AUD	AUSGRID FINANCE PTY LTD 1.81400% 20-05.02.27 | 3 800 000.00 | 2 371 368.29 | 0.40 |
| AUD	BANCO SANTANDER SA 4.00000% 17-19.01.23 | 2 000 000.00 | 1 442 275.22 | 0.24 |
| AUD	LEND LEASE FINANCE LTD-REG-S 3.7000% 21-31.03.31 | 1 600 000.00 | 972 531.48 | 0.16 |
| AUD	LENDLEASE FINANCE LTD-REG-S 3.40000% 20-27.10.27 | 2 500 000.00 | 1 630 715.88 | 0.27 |
| AUD	OPTUS FINANCE PTY LTD-REG-S 2.50000% 20-01.07.30 | 1 650 000.00 | 994 424.65 | 0.17 |
| AUD	QANTAS AIRWAYS LTD 3.15000% 21-27.09.28 | 920 000.00 | 560 756.52 | 0.10 |
| AUD	TRANSURBAN QUEENSLAND FINANCE PTY LTD 3.25000% 21-05.08.31 | 2 750 000.00 | 1 621 826.13 | 0.27 |
| Total AUD |  | 10 834 644.95 | 1.82 |
| EUR |  |  |  |
| EUR	A.P. MOELLER-MAERSK-REG-S 1.75000% 18-16.03.26 | 900 000.00 | 961 126.57 | 0.16 |
| EUR	A2A SPA-REG-S 1.50000% 22-16.03.28 | 725 000.00 | 726 502.90 | 0.12 |
| EUR	AEROPORTI DI ROMA SPA-REG-S 1.75000% 21-30.07.31 | 590 000.00 | 511 165.39 | 0.09 |
| EUR	AKELIUS RESIDENTIAL PROPERTY AB-REG-S 1.75000% 17-07.02.25 | 1 200 000.00 | 1 263 989.41 | 0.21 |
| EUR	AROUNDTOWN SA-REG-S 2.00000% 18-02.11.26 | 1 300 000.00 | 1 311 866.68 | 0.22 |
| EUR	ASB FINANCE LTD-REG-S 0.25000% 21-08.09.28 | 1 670 000.00 | 1 542 996.62 | 0.26 |
| EUR	ASTRAZENECA PLC-REG-S 0.37500% 21-03.06.29 | 1 840 000.00 | 1 732 013.46 | 0.29 |
| EUR	AUSTRALIA PACIFIC AIR MELBOUNRE-REG-S 1.75000% 14-15.10.24 | 1 000 000.00 | 1 072 160.56 | 0.18 |
| EUR	BANCO SANTANDER SA-REG-S-SUB 3.25000% 16-04.04.26 | 700 000.00 | 758 458.07 | 0.13 |
| EUR	BANQUE FEDER DU CREDIT MUTUEL-REG-S-SUB 3.00000% 15-11.09.25 | 600 000.00 | 654 698.72 | 0.11 |
| EUR	BANQUE FEDERATIVE DU CREDIT MUT-REG-S 1.37500% 20-02.04.30 | 1 200 000.00 | 1 187 096.68 | 0.20 |
| EUR	CAIXABANK SA-REG-S 0.37500% 20-03.02.25 | 1 100 000.00 | 1 133 683.95 | 0.19 |
| EUR	CANADIAN IMPERIAL BANK OF COMME-REG-S 0.37500% 22-10.03.26 | 1 235 000.00 | 1 271 066.25 | 0.21 |
| EUR	CANAL DE ISABEL II GESTION SA-REG-S 1.68000% 15-26.02.25 | 600 000.00 | 637 214.78 | 0.11 |
| EUR	CEZ AS-REG-S 2.37500% 22-06.04.27 | 855 000.00 | 890 373.78 | 0.15 |
| EUR	CNH INDUSTRIAL FINANCE EUROPE SA-REG-S 1.87500% 18-19.01.26 | 1 400 000.00 | 1 480 484.21 | 0.25 |
| EUR	COLOPLAST FINANCE BV-REG-S 2.25000% 22-19.05.27 | 755 000.00 | 806 563.10 | 0.14 |
| EUR	CPI PROPERTY GROUP SA-REG-S 2.75000% 20-12.05.26 | 1 300 000.00 | 1 299 458.39 | 0.22 |
| EUR	CREDIT AGRICOLE SA LONDON 1.25000% 16-14.04.26 | 1 800 000.00 | 1 878 790.39 | 0.32 |
| EUR	CTP NV-REG-S 0.87500% 22-20.01.26 | 1 805 000.00 | 1 679 456.91 | 0.28 |
| EUR	DAIMLER TRUCK INTERNATIONAL FIN-REG-S 1.25000% 22-06.04.25 | 1 000 000.00 | 1 051 063.37 | 0.18 |
| EUR	DANFOSS FINANCE I BV-REG-S 0.12500% 21-28.04.26 | 1 530 000.00 | 1 517 534.89 | 0.25 |
| EUR	DANSKE BANK AS-REG-S-SUB 1.50000% 20-02.09.30 | 680 000.00 | 677 414.79 | 0.11 |
| EUR	DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 1 100 000.00 | 1 163 020.77 | 0.20 |
| EUR	E.ON SE-REG-S 0.87500% 22-08.01.25 | 260 000.00 | 273 780.60 | 0.05 |
| EUR	EDP FINANCE BV-REG-S 1.50000% 17-22.11.27 | 1 550 000.00 | 1 592 621.91 | 0.27 |
| EUR	ELECTRICITE DE FRANCE-REG-S 2.00000% 19-09.12.49 | 1 100 000.00 | 809 241.96 | 0.14 |
| EUR	ELENIA VERKKO OYJ-REG-S 0.37500% 20-06.02.27 | 800 000.00 | 777 064.81 | 0.13 |
| EUR	ELIA TRANSMISSION BELGIUM SA-REG-S 0.87500% 20-28.04.30 | 600 000.00 | 561 305.86 | 0.09 |
| EUR	ERSTE GROUP BANK AG-REG-S 1.50000% 22-07.04.26 | 800 000.00 | 839 568.63 | 0.14 |
| EUR	FORD MOTOR CREDIT CO LLC 3.02100% 19-06.03.24 | 715 000.00 | 760 390.65 | 0.13 |
| EUR	GAS NETWORKS IRELAND-REG-S 1.37500% 16-05.12.26 | 700 000.00 | 730 265.08 | 0.12 |
| EUR	GAS NETWORKS IRELAND-REG-S 0.12500% 19-04.12.24 | 950 000.00 | 980 053.42 | 0.16 |
| EUR	GLOBALWORTH REAL ESTATE INVEST-REG-S 3.00000% 18-29.03.25 | 1 100 000.00 | 1 134 406.88 | 0.19 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 1.62500% 16-27.07.26 | 1 700 000.00 | 1 769 168.30 | 0.30 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 2.00000% 18-01.11.28 | 850 000.00 | 872 952.63 | 0.15 |
| EUR	HEINEKEN NV-REG-S 2.25000% 20-30.03.30 | 450 000.00 | 474 754.43 | 0.08 |
| EUR	KBC GROUP NV-REG-S 1.12500% 19-25.01.24 | 800 000.00 | 856 697.66 | 0.14 |

UBS (Lux) Bond SICAV – Global Corporates (USD) Rapport annuel et états financiers révisés au 31 mai 2022
|  | Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Bénéfice/(perte) non | de |
|  |  |  | réalisé(e) sur futures/ | l’actif |
|  |  |  | Contrats de | net |
|  |  |  | change à terme/ |  |
|  |  |  | Swaps (note 1) |  |
|  |  |  |  |  |
| EUR | KONINKLIJKE KPN NV-REG-S 0.87500% 21-15.11.33 | 1 800 000.00 | 1 561 550.84 | 0.26 |
| EUR | LINDE PLC-REG-S 1.37500% 22-31.03.31 | 2 500 000.00 | 2 463 232.25 | 0.41 |
| EUR | LSEG NETHERLANDS BV-REG-S 0.25000% 21-06.04.28 | 770 000.00 | 734 926.92 | 0.12 |
| EUR | LSEG NETHERLANDS BV-REG-S 0.75000% 21-06.04.33 | 600 000.00 | 530 979.98 | 0.09 |
| EUR | METROPOLITAN LGF I-REG-S 1.75000% 22-25.05.25 | 830 000.00 | 890 302.44 | 0.15 |
| EUR | NEW YORK LIFE GLOBAL FUNDING-REG-S 0.25000% 20-23.01.27 | 1 000 000.00 | 986 268.39 | 0.17 |
| EUR | NORDEA BANK ABP-REG-S 1.12500% 22-16.02.27 | 835 000.00 | 848 346.82 | 0.14 |
| EUR | P3 GROUP SARL-REG-S 0.87500% 22-26.01.26 | 1 085 000.00 | 1 027 441.86 | 0.17 |
| EUR | RAIFFEISEN BANK INTERNATIONAL AG-REG-S 0.25000% 20-22.01.25 | 2 400 000.00 | 2 416 868.55 | 0.41 |
| EUR | REDEXIS GAS FINANCE BV-REG-S 1.87500% 15-27.04.27 | 2 000 000.00 | 2 040 696.97 | 0.34 |
| EUR | REN FINANCE B V-REG-S 2.50000% 15-12.02.25 | 1 400 000.00 | 1 527 525.37 | 0.26 |
| EUR | ROYAL BANK OF CANADA-REG-S 0.62500% 22-23.03.26 | 1 280 000.00 | 1 329 063.03 | 0.22 |
| EUR | RTE EDF TRANSPORT SA-REG-S 1.00000% 16-19.10.26 | 900 000.00 | 927 783.27 | 0.16 |
| EUR | RWE AG-REG-S 2.75000% 22-24.05.30 | 1 375 000.00 | 1 465 220.93 | 0.25 |
| EUR | RYANAIR DAC-REG-S 0.87500% 21-25.05.26 | 1 545 000.00 | 1 540 556.25 | 0.26 |
| EUR | SGSP AUSTRALIA ASSETS PTY LTD-REG-S 2.00000% 14-30.06.22 | 650 000.00 | 697 301.26 | 0.12 |
| EUR | SVENSKA HANDELSBANKEN AB-REG-S 1.00000% 20-15.04.25 | 500 000.00 | 527 278.89 | 0.09 |
| EUR | TELEFONAKTIEBOLAGET LM ERICSSON-REG-S 1.12500% 22-08.02.27 | 2 885 000.00 | 2 679 203.20 | 0.45 |
| EUR | TOTAL CAPITAL INTERNATIONAL SA-REG-S 1.99400% 20-08.04.32 | 600 000.00 | 619 036.38 | 0.10 |
| EUR | TRATON FINANCE LUXEMBOURG SA-REG-S 1.25000% 21-24.03.33 | 600 000.00 | 501 208.74 | 0.08 |
| EUR | VODAFONE GROUP PLC-REG-S 2.50000% 19-24.05.39 | 1 350 000.00 | 1 246 960.71 | 0.21 |
| EUR | VOLKSWAGEN FINANCIAL SERVICES AG-REG-S 1.50000% 19-01.10.24 | 1 290 000.00 | 1 374 030.07 | 0.23 |
| EUR | VONOVIA SE-REG-S 0.37500% 21-16.06.27 | 700 000.00 | 660 941.32 | 0.11 |
| EUR | VONOVIA SE-REG-S 1.62500% 21-01.09.51 | 500 000.00 | 325 568.95 | 0.05 |
| Total EUR |  |  | 68 562 766.85 | 11.52 |
| GBP |  |  |  |  |
| GBP | AA BOND CO LTD-REG-S 3.25000% 21-31.07.28 | 235 000.00 | 264 226.74 | 0.04 |
| GBP | ABN AMRO BANK NV-REG-S 1.37500% 17-07.06.22 | 1 000 000.00 | 1 260 262.19 | 0.21 |
| GBP | ANGLIAN WATER SERVICES FINANCING-REG-S 4.50000% 13-22.02.26 | 700 000.00 | 934 107.23 | 0.16 |
| GBP | BASF SE-REG-S 1.37500% 18-21.06.22 | 150 000.00 | 189 007.52 | 0.03 |
| GBP | BAT CAPITAL CORP-REG-S 2.12500% 17-15.08.25 | 2 380 000.00 | 2 838 182.14 | 0.48 |
| GBP | BAT INTERNATIONAL FINANCE PLC-REG-S 2.25000% 16-09.09.52 | 550 000.00 | 350 948.06 | 0.06 |
| GBP | CADENT FINANCE PLC-REG-S 2.75000% 16-22.09.46 | 850 000.00 | 816 735.52 | 0.14 |
| GBP | DAIMLER INTERNATIONAL FINANCE BV-REG-S 2.12500% 16-07.06.22 | 1 000 000.00 | 1 260 300.00 | 0.21 |
| GBP | FCE BANK PLC-REG-S 2.72700% 16-03.06.22 | 1 000 000.00 | 1 260 300.00 | 0.21 |
| GBP | GATWICK FUNDING LTD 5.25000% 12-23.01.26 | 650 000.00 | 848 179.19 | 0.14 |
| GBP | LLOYDS BANKING GROUP PLC 2.25000% 17-16.10.24 | 800 000.00 | 982 168.94 | 0.16 |
| GBP | MACQUARIE GROUP LTD-REG-S 4.08000% 22-31.05.29 | 1 220 000.00 | 1 535 308.85 | 0.26 |
| GBP | PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 4.12500% 17-20.07.22 | 1 455 000.00 | 1 836 351.41 | 0.31 |
| GBP | THAMES WATER UTILITIES FINANCE PLC 5.12500% 06-28.09.37 | 850 000.00 | 1 186 349.90 | 0.20 |
| GBP | TOTAL CAPITAL INTERNATIONAL SA-REG-S 2.25000% 15-09.06.22 | 1 000 000.00 | 1 260 325.20 | 0.21 |
| GBP | VICINITY CENTRES TRUST-REG-S 3.37500% 16-07.04.26 | 600 000.00 | 755 661.26 | 0.13 |
| GBP | WESTERN POWER DISTRIBUTION WEST MIDLAND 5.75000% 11-16.04.32 | 410 000.00 | 600 339.12 | 0.10 |
| Total GBP |  |  | 18 178 753.27 | 3.05 |
| USD |  |  |  |  |
| USD | BANK OF AMERICA CORP 3.87500% 15-01.08.25 | 7 200 000.00 | 7 322 159.52 | 1.23 |
| USD | CASTLE PEAK POWER FINANCE CO LTD-REG-S 2.12500% 21-03.03.31 | 1 215 000.00 | 1 031 550.13 | 0.17 |
| USD | GC TREASURY CENTER CO LTD-REG-S 4.40000% 22-30.03.32 | 970 000.00 | 920 937.40 | 0.16 |
| USD | GC TREASURY CENTER CO LTD-REG-S 5.20000% 22-30.03.52 | 350 000.00 | 320 768.00 | 0.05 |
| USD | GENERAL ELECTRIC CO 6.75000% 02-15.03.32 | 652 000.00 | 758 566.03 | 0.13 |
| USD | INDIAN RAILWAY FINANCE CORP LTD-REG-S 2.80000% 21-10.02.31 | 1 210 000.00 | 1 003 271.50 | 0.17 |
| USD | JOHN DEERE CAPITAL 2.12500% 22-07.03.25 | 600 000.00 | 585 931.20 | 0.10 |
| USD | JOHN DEERE CAPITAL CORP 0.625000% 21-10.09.24 | 815 000.00 | 775 550.12 | 0.13 |
| USD | JOHN DEERE CAPITAL CORP 3.35000% 22-18.04.29 | 3 070 000.00 | 3 001 831.51 | 0.50 |
| USD | MIRVAC GROUP FINANCE LTD-REG-S 3.62500% 17-18.03.27 | 2 300 000.00 | 2 250 803.00 | 0.38 |
| USD | MORGAN STANLEY 4.00000% 15-23.07.25 | 2 500 000.00 | 2 525 407.52 | 0.42 |
| USD | MORGAN STANLEY-SUB 4.35000% 14-08.09.26 | 1 120 000.00 | 1 133 532.62 | 0.19 |
| USD | OVERSEA-CHINESE BANKING CORP-REG-S-SUB 4.25000% 14-19.06.24 | 1 800 000.00 | 1 831 402.08 | 0.31 |
| USD | PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 5.37500% 17-06.07.27 | 785 000.00 | 782 056.25 | 0.13 |
| USD | QTEL INTERNATIONAL FINANCE LTD-REG-S 2.62500% 21-08.04.31 | 460 000.00 | 405 950.00 | 0.07 |
| USD | REC LTD-REG-S 2.25000% 21-01.09.26 | 1 920 000.00 | 1 734 360.00 | 0.29 |
| USD | SAUDI ARABIAN OIL CO-REG-S 3.50000% 19-16.04.29 | 800 000.00 | 781 920.00 | 0.13 |
| USD | SHINHAN BANK CO LTD-REG-S-SUB 4.37500% 22-13.04.32 | 945 000.00 | 929 936.70 | 0.16 |
| USD | SUN HUNG KAI PROP CAP MRKT LTD-REG-S 2.87500% 20-21.01.30 | 2 000 000.00 | 1 831 473.24 | 0.31 |
| USD | TENCENT HOLDINGS LTD-REG-S 4.52500% 19-11.04.49 | 2 150 000.00 | 1 888 371.87 | 0.32 |
| USD | TORONTO-DOMINION BANK 2.35000% 22-08.03.24 | 1 200 000.00 | 1 187 363.92 | 0.20 |
| USD | WALT DISNEY CO/THE 1.85000% 16-30.07.26 | 1 540 000.00 | 1 448 954.73 | 0.24 |
| Total USD |  |  | 34 452 097.34 | 5.79 |
| Total des Medium-Term Notes, taux fixe |  | 132 028 262.41 | 22.18 |
| Medium-Term Notes, coupon zéro |  |  |  |
| EUR |  |  |  |
| EUR	APRR SA-REG-S 0.00000% 20-20.01.23 | 1 900 000.00 | 2 033 258.21 | 0.34 |
| EUR	NOVO NORDISK FINANCE NETHERLANDS BV 0.00000% 21-04.06.24 | 1 070 000.00 | 1 120 004.55 | 0.19 |
| EUR	SIEMENS FINANCIERINGSMAATSCH NV-REG-S 0.00000% 20-20.02.23 | 1 700 000.00 | 1 820 032.32 | 0.31 |
| EUR	STEDIN HOLDING NV-REG-S 0.00000% 21-16.11.26 | 740 000.00 | 722 798.73 | 0.12 |
| Total EUR |  | 5 696 093.81 | 0.96 |
| Total des Medium-Term Notes, coupon zéro |  | 5 696 093.81 | 0.96 |
| Medium-Term Notes, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	ABANCA CORP BANCARIA SA-REG-S 0.500%/VAR 21-08.09.27 | 1 100 000.00 | 1 041 424.26 | 0.17 |
| EUR	ALLIANZ SE-REG-S-SUB 4.750%/3M EURIBOR+360BP 13-PRP | 300 000.00 | 332 629.55 | 0.06 |
| EUR	AXA SA-REG-S-SUB 3.250%/VAR 18-28.05.49 | 1 800 000.00 | 1 858 798.29 | 0.31 |
| EUR	AXA SA-REG-S-SUB 3.375%/VAR 16-06.07.47 | 1 200 000.00 | 1 287 479.67 | 0.22 |
| EUR	BANCO DE SABADELL SA-REG-S 2.625%/VAR 22-24.03.26 | 400 000.00 | 417 908.33 | 0.07 |
| EUR	BANK OF IRELAND GROUP PLC-REG-S 1.875%/VAR 22-05.06.26 | 930 000.00 | 971 744.48 | 0.16 |
| EUR	BARCLAYS PLC-REG-S 3.375%/VAR 20-02.04.25 | 1 300 000.00 | 1 422 471.74 | 0.24 |
| EUR	BNP PARIBAS SA-REG-S 2.750%/VAR 22-25.07.28 | 1 200 000.00 | 1 283 443.20 | 0.21 |

UBS (Lux) Bond SICAV – Global Corporates (USD) Rapport annuel et états financiers révisés au 31 mai 2022
|  | Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Bénéfice/(perte) non | de |
|  |  |  | réalisé(e) sur futures/ | l’actif |
|  |  |  | Contrats de | net |
|  |  |  | change à terme/ |  |
|  |  |  | Swaps (note 1) |  |
|  |  |  |  |  |
| EUR | COMMONWEALTH BK OF AUSTRLIA-REG-S-SUB 1.936%/VAR 17-03.10.29 | 900 000.00 | 947 474.56 | 0.16 |
| EUR | CREDIT AGRICOLE SA-REG-S 1.000%/VAR 20-22.04.26 | 1 700 000.00 | 1 762 095.05 | 0.30 |
| EUR | CREDIT SUISSE GROUP AG-REG-S 0.650%/VAR 20-14.01.28 | 900 000.00 | 846 665.65 | 0.14 |
| EUR | DEUTSCHE BANK AG-REG-S 1.000%/VAR 20-19.11.25 | 900 000.00 | 927 264.57 | 0.15 |
| EUR | DEUTSCHE BANK AG-REG-S 1.750%/VAR 20-19.11.30 | 700 000.00 | 656 792.17 | 0.11 |
| EUR | DEUTSCHE BANK AG-REG-S 4.000%/VAR 22-24.06.32 | 500 000.00 | 513 857.20 | 0.09 |
| EUR | IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 1 100 000.00 | 1 174 168.20 | 0.20 |
| EUR | KBC GROUP NV-REG-S 1.500%/VAR 22-29.03.26 | 800 000.00 | 841 719.69 | 0.14 |
| EUR | NATWEST GROUP PLC-REG-S 2.000%/VAR 18-04.03.25 | 700 000.00 | 751 079.68 | 0.13 |
| EUR | NATWEST GROUP PLC-REG-S-SUB 1.043%/VAR 21-14.09.32 | 1 010 000.00 | 930 225.91 | 0.16 |
| EUR | TOTAL SE-REG-S-SUB 2.625%/VAR 15-PRP | 700 000.00 | 733 212.78 | 0.12 |
| EUR | TOTAL SE-REG-S-SUB 2.125%/VAR 21-PRP | 1 300 000.00 | 1 088 887.92 | 0.18 |
| Total EUR |  |  | 19 789 342.90 | 3.32 |
| GBP |  |  |  |  |
| GBP | AVIVA PLC-REG-S-SUB 5.125%VAR 15-04.06.50 | 1 100 000.00 | 1 409 248.80 | 0.24 |
| GBP | BARCLAYS PLC-REG-S 2.375%/VAR 17-06.10.23 | 800 000.00 | 1 006 376.76 | 0.17 |
| GBP | CYBG PLC-REG-S 3.375%/VAR 18-24.04.26 | 950 000.00 | 1 166 309.57 | 0.19 |
| GBP | M&G PLC-REG-S-SUB 5.000%/VAR 15-20.07.55 | 750 000.00 | 931 008.81 | 0.16 |
| GBP | YORKSHIRE WATER SERVICES FIN-REG-S 3.750%/VAR 10-22.03.46 | 550 000.00 | 695 059.84 | 0.12 |
| Total GBP |  |  | 5 208 003.78 | 0.88 |
| USD |  |  |  |  |
| USD | BANK OF AMERICA CORP 3.384%/VAR 22-02.04.26 | 2 100 000.00 | 2 069 020.82 | 0.35 |
| USD | MORGAN STANLEY 3.622%/VAR 20-01.04.31 | 2 350 000.00 | 2 238 397.60 | 0.37 |
| USD | WELLS FARGO & CO 3.526%/VAR 22-24.03.28 | 2 250 000.00 | 2 190 514.72 | 0.37 |
| Total USD |  |  | 6 497 933.14 | 1.09 |
| Total des Medium-Term Notes, taux variable |  | 31 495 279.82 | 5.29 |
| Obligations, taux fixe |  |  |  |
| EUR |  |  |  |
| EUR	ABBOTT IRELAND FINCING DAC-REG-S 0.87500% 18-27.09.23 | 1 000 000.00 | 1 073 298.23 | 0.18 |
| EUR	ADO PROPERTIES SA-REG-S 1.50000% 17-26.07.24 | 1 500 000.00 | 972 159.37 | 0.16 |
| EUR	ALSTRIA OFFICE REIT-AG-REG-S 1.50000% 20-23.06.26 | 900 000.00 | 845 090.27 | 0.14 |
| EUR	AUTOSTRADE PER L’ITALIA SPA REG-S 2.00000% 21-15.01.30 | 1 450 000.00 | 1 317 985.65 | 0.22 |
| EUR	BPCE SA-REG-S 0.25000% 20-15.01.26 | 2 400 000.00 | 2 425 656.23 | 0.41 |
| EUR	CHUBB INA HOLDINGS INC 2.50000% 18-15.03.38 | 2 000 000.00 | 1 934 784.63 | 0.33 |
| EUR	COCA-COLA EUROPEAN PARTNERS PLC-REG-S 1.50000% 18-08.11.27 | 1 700 000.00 | 1 742 845.76 | 0.29 |
| EUR	FCC AQUALIA SA-REG-S 2.62900% 17-08.06.27 | 825 000.00 | 866 724.27 | 0.15 |
| EUR	IMPERIAL BRANDS FINANCE PLC-REG-S 1.37500% 17-27.01.25 | 1 150 000.00 | 1 194 681.25 | 0.20 |
| EUR	LIBERTY MUTUAL GROUP INC-REG-S 2.75000% 16-04.05.26 | 650 000.00 | 707 477.18 | 0.12 |
| EUR	MAPFRE SA-REG-S-SUB 2.87500% 22-13.04.30 | 800 000.00 | 798 552.60 | 0.13 |
| EUR	POSCO-REG-S 0.50000% 20-17.01.24 | 1 070 000.00 | 1 128 542.46 | 0.19 |
| EUR	RESA SA/BELGIUM-REG-S 1.00000% 16-22.07.26 | 800 000.00 | 829 471.45 | 0.14 |
| EUR	TAURON POLSKA ENERGIA SA-REG-S 2.37500% 17-05.07.27 | 1 400 000.00 | 1 306 469.72 | 0.22 |
| EUR	TEVA PHARMACEUTICAL FINANCE II BV-REG-S 1.12500% 16-15.10.24 | 1 550 000.00 | 1 554 377.05 | 0.26 |
| EUR	TRANSPORT ET INFRASTRUCTURES GAZ-REG-S 2.20000% 15-05.08.25 | 700 000.00 | 752 909.60 | 0.13 |
| EUR	UMG GROUPE VYV 1.62500% 19-02.07.29 | 800 000.00 | 792 017.76 | 0.13 |
| EUR	UTAH ACQUISITION SUB INC-REG-S 3.12500% 16-22.11.28 | 500 000.00 | 512 410.70 | 0.09 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 1.12500% 17-02.10.23 | 1 700 000.00 | 1 819 285.66 | 0.31 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 4.12500% 18-16.11.38 | 1 500 000.00 | 1 694 272.94 | 0.28 |
| EUR	VVO-YHTYMA OYJ-REG-S 1.62500% 16-17.10.23 | 1 000 000.00 | 1 075 200.77 | 0.18 |
| Total EUR |  | 25 344 213.55 | 4.26 |
| GBP |  |  |  |
| GBP	BAE SYSTEMS PLC-REG-S 4.12500% 12-08.06.22 | 2 000 000.00 | 2 520 852.06 | 0.42 |
| GBP	BERKELEY GROUP PLC/THE-REG-S 2.50000% 21-11.08.31 | 845 000.00 | 845 421.85 | 0.14 |
| GBP	BUPA FINANCE PLC-REG-S-SUB 5.00000% 13-25.04.23 | 53 000.00 | 67 861.97 | 0.01 |
| GBP	DERWENT LONDON PLC-REG-S 1.87500% 21-17.11.31 | 1 565 000.00 | 1 670 143.32 | 0.28 |
| GBP	NORTHUMBRIAN WATER FINANCE PLC-REG-S 1.62500% 16-11.10.26 | 650 000.00 | 778 979.08 | 0.13 |
| GBP	ROTHESAY LIFE PLC-REG-S-SUB 3.37500% 19-12.07.26 | 2 370 000.00 | 2 895 117.26 | 0.49 |
| GBP	SCOTTISH WIDOWS PLC-REG-S-SUB 5.50000% 13-16.06.23 | 950 000.00 | 1 222 723.11 | 0.21 |
| Total GBP |  | 10 001 098.65 | 1.68 |
| USD |  |  |  |
| USD	AMERICAN AIRLINES PASS THROUGH TRUST 4.37500% 14-01.10.22 | 776 000.00 | 272 498.61 | 0.05 |
| USD	BALTIMORE GAS & ELECTRIC CO 3.50000% 16-15.08.46 | 900 000.00 | 762 276.87 | 0.13 |
| USD	CITIGROUP INC 3.87500% 13-25.10.23 | 4 860 000.00 | 4 959 872.95 | 0.83 |
| USD	CONSUMERS ENERGY COMPANY 3.25000% 16-15.08.46 | 450 000.00 | 374 124.22 | 0.06 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 2.70000% 21-12.07.26 | 1 235 000.00 | 691 600.00 | 0.12 |
| USD	DUKE ENERGY CAROLINAS LLC 4.00000% 12-30.09.42 | 1 250 000.00 | 1 155 846.55 | 0.19 |
| USD	GENERAL MOTORS CO 6.60000% 16-01.04.36 | 955 000.00 | 1 032 077.53 | 0.17 |
| USD	GOLDMAN SACHS GROUP INC-SUB 5.15000% 15-22.05.45 | 1 250 000.00 | 1 286 157.35 | 0.22 |
| USD	KROGER CO 3.70000% 17-01.08.27 | 1 350 000.00 | 1 340 731.63 | 0.23 |
| USD	MEXICO CITY AIRPORT TRUST-REG-S 5.50000% 17-31.07.47 | 937 000.00 | 707 435.00 | 0.12 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 2.66500% 17-25.07.22 | 1 020 000.00 | 1 020 394.23 | 0.17 |
| USD	NATL RURAL UTIL COOPERATIVE FIN CORP 3.70000% 19-15.03.29 | 510 000.00 | 501 508.97 | 0.09 |
| USD	PACIFICORP 6.00000% 09-15.01.39 | 1 150 000.00 | 1 301 331.04 | 0.22 |
| USD	PHILLIPS 66 4.65000% 14-15.11.34 | 600 000.00 | 603 705.37 | 0.10 |
| USD	REYNOLDS AMERICAN INC 4.45000% 15-12.06.25 | 990 000.00 | 1 002 687.69 | 0.17 |
| USD	SHELL INTERNATIONAL FINANCE BV 4.37500% 15-11.05.45 | 800 000.00 | 796 006.00 | 0.13 |
| USD	SOUTHERN CALIFORNIA EDISON CO 4.00000% 17-01.04.47 | 900 000.00 | 768 694.22 | 0.13 |
| USD	SOUTHERN CALIFORNIA EDISON CO 3.70000% 18-01.08.25 | 600 000.00 | 598 041.71 | 0.10 |
| USD	SOUTHERN CALIFORNIA EDISON CO 2.85000% 19-01.08.29 | 750 000.00 | 675 118.45 | 0.11 |
| USD	STAR ENERGY GEOTHERMAL DARAJAT II-REG-S 4.85000% 20-14.10.38 | 1 055 000.00 | 948 049.37 | 0.16 |
| USD	TIME WARNER CABLE LLC 4.50000% 12-15.09.42 | 730 000.00 | 608 801.52 | 0.10 |
| Total USD |  | 21 406 959.28 | 3.60 |
| Total des Obligations, taux fixe |  | 56 752 271.48 | 9.54 |

UBS (Lux) Bond SICAV – Global Corporates (USD) Rapport annuel et états financiers révisés au 31 mai 2022
| Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
| Obligations, taux variable |  |  |  |
| EUR |  |  |  |
| EUR	AG INSURANCE SA/NV-REG-S-SUB 3.500%/VAR 15-30.06.47 | 1 300 000.00 | 1 375 634.97 | 0.23 |
| EUR	ALLIANDER NV-REG-S-SUB 1.625%/VAR 18-PRP | 400 000.00 | 408 146.25 | 0.07 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 3.250%/VAR 20-PRP | 1 200 000.00 | 1 246 909.28 | 0.21 |
| EUR	BP CAPITAL MARKETS PLC-REG-S-SUB 3.625%/VAR 20-PRP | 1 000 000.00 | 996 262.50 | 0.17 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 4.000%/VAR 18-PRP | 800 000.00 | 833 475.35 | 0.14 |
| EUR	ELM BV-REG-S-SUB 2.600%/VAR 15-PRP | 650 000.00 | 674 552.73 | 0.11 |
| EUR	OMV AG-REG-S-SUB 2.875%/VAR 18-PRP | 900 000.00 | 956 955.77 | 0.16 |
| EUR	ORSTED A/S-REG-S-SUB 2.250%/VAR 17-24.11.3017 | 340 000.00 | 357 395.78 | 0.06 |
| EUR	RABOBANK NEDERLAND NV-REG-S-SUB 3.250%/VAR 19-PRP | 600 000.00 | 571 404.75 | 0.10 |
| EUR	SOCIETE GENERALE SA-REG-S 0.500%/VAR 21-12.06.29 | 1 000 000.00 | 921 922.03 | 0.15 |
| EUR	SWISS LIFE AG VIA DEMETER INV BV-SUB 4.375%/VAR 15-PRP | 1 200 000.00 | 1 312 816.88 | 0.22 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.125%/VAR 18-PRP | 600 000.00 | 612 090.82 | 0.10 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.875%/VAR 18-PRP | 600 000.00 | 583 038.53 | 0.10 |
| EUR	VOLKSWAGEN INTL FINANCE NV-REG-S-SUB 3.375%/VAR 18-PRP | 1 500 000.00 | 1 605 460.95 | 0.27 |
| Total EUR |  | 12 456 066.59 | 2.09 |
| GBP |  |  |  |
| GBP	M&G PLC-REG-S-SUB 5.625%/VAR 18-20.10.51 | 2 100 000.00 | 2 702 045.14 | 0.45 |
| Total GBP |  | 2 702 045.14 | 0.45 |
| USD |  |  |  |
| USD	BP CAPITAL MARKETS PLC-SUB 4.875%/VAR 20-PRP | 1 000 000.00 | 935 090.67 | 0.16 |
| USD	HUANENG HONG KONG CAPITAL LTD-REG-S 3.600%/VAR 17-PRP | 1 000 000.00 | 1 000 400.00 | 0.17 |
| USD	QBE INSURANCE GROUP LTD-REG-S-SUB 6.750%/VAR 14-02.12.44 | 2 500 000.00 | 2 567 092.00 | 0.43 |
| USD	SCOR SE-REG-S-SUB 5.250%/VAR 18-PRP | 1 800 000.00 | 1 563 750.00 | 0.26 |
| USD	WESTPAC BANKING CORP-SUB 5.000%/VAR 17-PRP | 1 630 000.00 | 1 520 408.26 | 0.26 |
| Total USD |  | 7 586 740.93 | 1.28 |
| Total des Obligations, taux variable |  | 22 744 852.66 | 3.82 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 484 673 646.74 | 81.43 |
| Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  |  |  |
| Billets, taux fixe |  |  |  |
| CAD |  |  |  |
| CAD	TELUS CORP 3.75000% 14-17.01.25 | 250 000.00 | 196 533.38 | 0.03 |
| Total CAD |  | 196 533.38 | 0.03 |
| USD |  |  |  |
| USD	AKER BP ASA-144A 3.00000% 20-15.01.25 | 1 200 000.00 | 1 175 534.28 | 0.20 |
| USD	AKER BP ASA-144A 4.00000% 20-15.01.31 | 2 400 000.00 | 2 251 510.99 | 0.38 |
| USD	AUSTRALIA & NEW ZEALAND BNK-REG-S-SUB 4.50000% 14-19.03.24 | 1 000 000.00 | 1 010 344.96 | 0.17 |
| USD	AVOLON HOLDINGS FUNDING LTD-144A 2.12500% 21-21.02.26 | 700 000.00 | 626 920.00 | 0.10 |
| USD	BNP PARIBAS-144A 4.40000% 18-14.08.28 | 1 160 000.00 | 1 142 196.02 | 0.19 |
| USD	BROADCOM INC 3.15000% 20-15.11.25 | 218 000.00 | 211 645.83 | 0.04 |
| USD	BROADCOM INC-144A 1.95000% 21-15.02.28 | 620 000.00 | 539 031.53 | 0.09 |
| USD	BROADCOM INC-144A 2.60000% 21-15.02.33 | 2 240 000.00 | 1 799 398.30 | 0.30 |
| USD	BROADCOM INC-144A 3.41900% 21-15.04.33 | 1 300 000.00 | 1 119 205.80 | 0.19 |
| USD	CAMERON LNG LLC-144A 3.30200% 19-15.01.35 | 1 100 000.00 | 983 211.90 | 0.16 |
| USD	CCO LLC/CAPITAL 5.37500% 17-01.05.47 | 450 000.00 | 412 979.14 | 0.07 |
| USD	CHEVRON PHILLIPS CHEMICAL CO LLC-144A 3.30000% 18-01.05.23 | 2 600 000.00 | 2 609 864.30 | 0.44 |
| USD	CHEVRON PHILLIPS CHEMICAL CO LLC-144A 5.12500% 20-01.04.25 | 900 000.00 | 937 816.02 | 0.16 |
| USD	COLONIAL ENTERPRISES INC-144A 3.25000% 20-15.05.30 | 730 000.00 | 681 590.63 | 0.11 |
| USD	CONTINENTAL RESOURCES-144A 2.26800% 21-15.11.26 | 920 000.00 | 844 017.20 | 0.14 |
| USD	CSL FINANCE PLC-144A 4.05000% 22-27.04.29 | 1 165 000.00 | 1 169 709.28 | 0.20 |
| USD	DELL INTERNATIONAL LLC / EMC CORP 5.85000% 21-15.07.25 | 640 000.00 | 672 620.53 | 0.11 |
| USD	DELL INTERNATIONAL LLC / EMC CORP 5.30000% 21-01.10.29 | 2 500 000.00 | 2 539 250.83 | 0.43 |
| USD	ERAC USA FINANCE LLC-144A 5.62500% 12-15.03.42 | 900 000.00 | 938 333.63 | 0.16 |
| USD	GLENCORE FUNDING LLC-144A 4.87500% 19-12.03.29 | 950 000.00 | 953 391.80 | 0.16 |
| USD	HCA INC-144A 3.62500% 22-15.03.32 | 375 000.00 | 342 484.91 | 0.06 |
| USD	INFOR INC-144A 1.75000% 20-15.07.25 | 750 000.00 | 701 323.97 | 0.12 |
| USD	KINDER MORGAN INC-144A 5.62500% 13-15.11.23 | 1 800 000.00 | 1 845 732.11 | 0.31 |
| USD	LIBERTY MUTUAL GROUP INC-144A 4.56900% 19-01.02.29 | 1 050 000.00 | 1 057 200.11 | 0.18 |
| USD	LUNDIN ENERGY FINANCE BV-144A 2.00000% 21-15.07.26 | 490 000.00 | 445 750.83 | 0.07 |
| USD	MPLX LP 4.25000% 20-01.12.27 | 380 000.00 | 376 248.09 | 0.06 |
| USD	NXP BV / NXP FUNDING LLC / NXP USA INC 2.70000% 22-01.05.25 | 220 000.00 | 211 906.20 | 0.04 |
| USD	ONCOR ELECTRIC DELIVERY CO 3.70000% 19-15.11.28 | 600 000.00 | 597 538.67 | 0.10 |
| USD	ONCOR ELECTRIC DELIVERY CO 3.80000% 19-01.06.49 | 700 000.00 | 636 402.17 | 0.11 |
| USD	PHILLIPS 66 CO-144A 4.68000% 22-15.02.45 | 400 000.00 | 386 322.27 | 0.06 |
| USD	SOUTHWESTERN ELECTRIC POWER 6.20000% 10-15.03.40 | 1 900 000.00 | 2 131 733.29 | 0.36 |
| USD	STATE STREET CORP 2.90100% 20-30.03.26 | 1 100 000.00 | 1 079 406.82 | 0.18 |
| USD	SWISS RE TREASURY (US) CORP-144A 4.25000% 12-06.12.42 | 700 000.00 | 688 937.24 | 0.12 |
| USD	TEACHERS INSURANCE&ANNUITY ASS-144A-SUB 4.90000% 14-15.09.44 | 670 000.00 | 669 646.89 | 0.11 |
| USD	TECK RESOURCES LTD 3.90000% 20-15.07.30 | 600 000.00 | 567 898.88 | 0.09 |
| USD	TRITON CONTAINER INTERNATIONAL LTD-144A 2.05000% 21-15.04.26 | 855 000.00 | 785 061.00 | 0.13 |
| USD	UNITD AIRLNS 2016-1 CL B PAS THRUGH TRT 3.65000% 17-07.01.26 | 355 000.00 | 216 805.71 | 0.04 |
| USD	XCEL ENERGY INC 4.80000% 11-15.09.41 | 1 900 000.00 | 1 832 789.97 | 0.31 |
| Total USD |  | 37 191 762.10 | 6.25 |
| Total des Billets, taux fixe |  | 37 388 295.48 | 6.28 |

UBS (Lux) Bond SICAV – Global Corporates (USD) Rapport annuel et états financiers révisés au 31 mai 2022
| Dénomination | Nombre/ | Evaluation en USD | en % |
| --- | --- | --- | --- |
|  | Nominal | Bénéfice/(perte) non | de |
|  |  | réalisé(e) sur futures/ | l’actif |
|  |  | Contrats de | net |
|  |  | change à terme/ |  |
|  |  | Swaps (note 1) |  |
| Billets, taux variable |  |  |  |
| USD |  |  |  |
| USD	ING GROEP NV 3.869%/VAR 22-28.03.26 | 1 095 000.00 | 1 087 182.28 | 0.18 |
| Total USD |  | 1 087 182.28 | 0.18 |
| Total des Billets, taux variable |  | 1 087 182.28 | 0.18 |
| Medium-Term Notes, taux fixe |  |  |  |
| AUD |  |  |  |
| AUD	AIR NEW ZEALAND LTD 5.70000% 22-25.05.26 | 1 420 000.00 | 1 021 275.27 | 0.17 |
| AUD	AIR NEW ZEALAND LTD 6.50000% 22-25.05.29 | 1 140 000.00 | 821 614.38 | 0.14 |
| AUD	AURIZON FINANCE PTY LTD 3.00000% 21-09.03.28 | 2 000 000.00 | 1 232 106.01 | 0.21 |
| AUD	VICTORIA POWER NETWORKS FINANCE PTY LTD 2.13200% 21-21.04.28 | 1 500 000.00 | 920 636.23 | 0.15 |
| Total AUD |  | 3 995 631.89 | 0.67 |
| CAD |  |  |  |
| CAD	BELL CANADA 4.75000% 14-29.09.44 | 250 000.00 | 181 056.64 | 0.03 |
| Total CAD |  | 181 056.64 | 0.03 |
| GBP |  |  |  |
| GBP	NATIONAL GRID ELECTRICITY TRANSMISSION 4.00000% 12-08.06.27 | 650 000.00 | 850 340.79 | 0.14 |
| Total GBP |  | 850 340.79 | 0.14 |
| Total des Medium-Term Notes, taux fixe |  | 5 027 029.32 | 0.84 |
| Medium-Term Notes, taux variable |  |  |  |
| USD |  |  |  |
| USD	AUSTRALIA & NEW ZEALAND BANK-REG-S-SUB 2.950%VAR 20-22.07.30 | 1 450 000.00 | 1 389 072.45 | 0.23 |
| Total USD |  | 1 389 072.45 | 0.23 |
| Total des Medium-Term Notes, taux variable |  | 1 389 072.45 | 0.23 |
| Obligations, taux fixe |  |  |  |
| AUD |  |  |  |
| AUD	NSW ELECTRICITY NETWORKS FINANCE PTY 2.54300% 20-23.09.30 | 2 050 000.00 | 1 168 865.88 | 0.20 |
| Total AUD |  | 1 168 865.88 | 0.20 |
| USD |  |  |  |
| USD	FIVE CORNERS FUNDING TRUST-144A 4.41900% 13-15.11.23 | 2 795 000.00 | 2 836 493.45 | 0.48 |
| USD	MONONGAHELA POWER CO-144A 5.40000% 13-15.12.43 | 650 000.00 | 666 623.67 | 0.11 |
| Total USD |  | 3 503 117.12 | 0.59 |
| Total des Obligations, taux fixe |  | 4 671 983.00 | 0.79 |
| Obligations, taux variable |  |  |  |
| USD |  |  |  |
| USD	SCENTRE GROUP TRUST 2-REG-S-SUB 4.750%/VAR 20-24.09.80 | 1 850 000.00 | 1 760 572.29 | 0.30 |
| Total USD |  | 1 760 572.29 | 0.30 |
| Total des Obligations, taux variable |  | 1 760 572.29 | 0.30 |
| Total des Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  | 51 324 134.82 | 8.62 |

Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé
Billets, taux fixe
| CAD |  |
| --- | --- |
| CAD | CANADIAN PACIFIC RAILWAY CO 2.54000% 21-28.02.28 | 1 250 000.00 | 900 093.88 | 0.15 |
| Total CAD |  |  | 900 093.88 | 0.15 |
| USD |  |  |  |  |
| USD | EXELON CORP-144A 2.75000% 22-15.03.27 | 660 000.00 | 626 644.76 | 0.11 |
| USD | NXP BV / NXP FUNDING LLC / NXP USA 3.15000% 22-01.05.27 | 560 000.00 | 531 753.60 | 0.09 |
| Total USD |  |  | 1 158 398.36 | 0.20 |
| Total des Billets, taux fixe |  | 2 058 492.24 | 0.35 |
| Medium-Term Notes, taux fixe |  |  |  |
| AUD |  |  |  |
| AUD	NETWORK FINANCE CO PTY LTD 2.57900% 21-03.10.28 | 3 400 000.00 | 2 108 189.78 | 0.35 |
| AUD	STOCKLAND TRUST 2.30000% 21-24.03.28 | 1 480 000.00 | 921 398.48 | 0.16 |
| Total AUD |  | 3 029 588.26 | 0.51 |
| Total des Medium-Term Notes, taux fixe |  | 3 029 588.26 | 0.51 |
| Total des Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé |  | 5 088 080.50 | 0.86 |

UBS (Lux) Bond SICAV – Global Corporates (USD) Rapport annuel et états financiers révisés au 31 mai 2022
| Dénomination | Nombre/ Nominal | Evaluation en USD Bénéfice/(perte) non réalisé(e) sur futures/ Contrats de change à terme/ Swaps (note 1) | en % de l’actif net |
| --- | --- | --- | --- |
| Nouvelles émissions de titres et instruments du marché monétaire |  |  |  |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	BAXTER INTERNATIONAL-144A 2.27200% 21-01.12.28 | 920 000.00 | 821 962.68 | 0.14 |
| USD	COMCAST CORP-144A 2.93700% 21-01.11.56 | 3 129 000.00 | 2 333 509.95 | 0.39 |
| USD	LUNDIN ENERGY FINANCE BV-144A 3.10000% 21-15.07.31 | 490 000.00 | 431 414.73 | 0.07 |
| USD	MAGALLANES INC-144A 4.27900% 22-15.03.32 | 1 520 000.00 | 1 420 661.55 | 0.24 |
| USD	MAGALLANES INC-144A 5.14100% 22-15.03.52 | 360 000.00 | 322 107.12 | 0.05 |
| USD	MAGALLANES INC-144A 5.39100% 22-15.03.62 | 360 000.00 | 322 522.17 | 0.05 |
| USD	TRITON CONTAINER INTERNATIONAL LTD-144A 1.15000% 21-07.06.24 | 470 000.00 | 444 385.00 | 0.08 |
| Total USD |  | 6 096 563.20 | 1.02 |
| Total des Billets, taux fixe |  | 6 096 563.20 | 1.02 |
| Total des Nouvelles émissions de titres et instruments du marché monétaire |  | 6 096 563.20 | 1.02 |
| Total du Portefeuille-titres |  | 547 182 425.26 | 91.93 |
| Instruments dérivés |  |  |  |
| Instruments dérivés négociés sur une bourse officielle |  |  |  |
| Contrats financiers à terme sur obligations |  |  |  |
|  |  |  |  |
| EUR	EURO-BUND FUTURE 08.06.22 | -65.00 | 1 032 631.44 | 0.17 |
| EUR	EURO-BOBL FUTURE 08.06.22 | -56.00 | 377 937.00 | 0.06 |
| GBP	LONG GILT FUTURE 28.09.22 | -48.00 | 107 075.09 | 0.02 |
| AUD	AUSTRALIA 10YR BOND FUTURE 15.06.22 | 153.00 | -1 040 874.84 | -0.18 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 21.09.22 | 59.00 | -173 257.82 | -0.03 |
| CAD	CAN 10YR BOND FUTURE 20.09.22 | 74.00 | -75 471.40 | -0.01 |
| USD	US 5YR TREASURY NOTE FUTURE 30.09.22 | 244.00 | -128 820.42 | -0.02 |
| USD	US 10YR TREASURY NOTE FUTURE 21.09.22 | 709.00 | -669 297.07 | -0.11 |
| Total des Contrats financiers à terme sur obligations |  | -570 078.02 | -0.10 |
| Total des Instruments dérivés négociés sur une bourse officielle |  | -570 078.02 | -0.10 |
| Total des Instruments dérivés |  | -570 078.02 | -0.10 |
| Contrats de change à terme |  |  |  |
| Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |  |

| USD | 2 787 445.63 | JPY | 362 900 000.00 | 6.6.2022 | -33 589.62 | -0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 22 036 877.43 | AUD | 31 060 000.00 | 6.6.2022 | -244 344.85 | -0.04 |
| CHF | 154 969 700.00 | USD | 158 522 701.00 | 7.6.2022 | 3 165 409.44 | 0.53 |
| USD | 162 460 779.44 | EUR | 154 470 000.00 | 6.6.2022 | -3 023 058.38 | -0.51 |
| EUR | 62 713 700.00 | USD | 65 957 898.52 | 6.6.2022 | 1 227 339.78 | 0.21 |
| USD | 3 829 025.10 | CAD | 4 930 000.00 | 6.6.2022 | -68 615.84 | -0.01 |
| USD | 37 072 416.47 | GBP | 29 595 000.00 | 6.6.2022 | -226 073.24 | -0.04 |
| USD | 2 885 111.83 | CHF | 2 816 900.00 | 7.6.2022 | -53 909.40 | -0.01 |
| AUD | 2 780 000.00 | USD | 1 951 707.06 | 6.6.2022 | 42 555.59 | 0.01 |
| USD | 1 200 017.36 | EUR | 1 138 000.00 | 6.6.2022 | -19 122.97 | 0.00 |
| EUR | 678 600.00 | USD | 716 408.88 | 6.6.2022 | 10 575.86 | 0.00 |
| EUR | 2 185 000.00 | USD | 2 278 837.01 | 6.6.2022 | 61 955.28 | 0.01 |
| EUR | 700 200.00 | USD | 741 952.23 | 6.6.2022 | 8 172.60 | 0.00 |
| USD | 4 033 210.88 | GBP | 3 230 000.00 | 6.6.2022 | -37 548.43 | -0.01 |
| JPY | 362 900 000.00 | USD | 2 849 621.64 | 6.6.2022 | -28 586.39 | 0.01 |
| EUR | 898 500.00 | USD | 963 961.39 | 6.6.2022 | -1 397.60 | 0.00 |
| USD | 2 129 964.69 | GBP | 1 685 000.00 | 6.6.2022 | 6 364.25 | 0.00 |
| USD | 43 521 019.98 | GBP | 34 510 000.00 | 6.7.2022 | 19 806.52 | 0.00 |
| Total des Contrats de change à terme | 805 932.60 | 0.14 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 42 541 917.76 | 7.15 |
| Autres actifs et passifs | 5 238 662.16 | 0.88 |
| Total de l’Actif net | 595 198 859.76 | 100.00 |

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