# UBS (Lux) SICAV 1
– Medium Term USD Corporate Bonds Sustainable (USD)
| Three-year comparison |  |
| --- | --- |
| Date | ISIN | 30.9.2022 | 30.9.2021 | 30.9.2020 |
| Net assets in USD |  | 117 701 632.40 | 239 569 781.27 | 244 154 389.33 |
| Class F-acc | LU1008479229 |  |  |  |
| Shares outstanding |  | 784 361.8830 | 843 990.7650 | 924 436.5860 |
| Net asset value per share in USD |  | 114.07 | 123.86 | 122.40 |
| Issue and redemption price per share in USD 1 |  | 114.07 | 123.86 | 122.40 |
| Class (CHF hedged) F-acc | LU1008479575 |  |  |  |
| Shares outstanding |  | 5 474.0000 | 831 934.0000 | 769 255.0000 |
| Net asset value per share in CHF |  | 96.58 | 106.77 | 106.63 |
| Issue and redemption price per share in CHF 1 |  | 96.58 | 106.77 | 106.63 |
| Class F-UKdist | LU1008479492 |  |  |  |
| Shares outstanding |  | 284 035.0000 | 360 555.0000 | 365 505.0000 |
| Net asset value per share in USD |  | 89.79 | 100.19 | 101.87 |
| Issue and redemption price per share in USD 1 |  | 89.79 | 100.19 | 101.87 |
| Class (CHF hedged) F-UKdist | LU1008479658 |  |  |  |
| Shares outstanding |  | 6 450.0000 | 6 300.0000 | 8 100.0000 |
| Net asset value per share in CHF |  | 75.70 | 86.09 | 88.35 |
| Issue and redemption price per share in CHF 1 |  | 75.70 | 86.09 | 88.35 |
| Class (GBP hedged) F-UKdist | LU1008479815 |  |  |  |
| Shares outstanding |  | 17 963.9050 | 24 443.7890 | 29 872.0820 |
| Net asset value per share in GBP |  | 84.37 | 94.38 | 96.17 |
| Issue and redemption price per share in GBP 1 |  | 84.37 | 94.38 | 96.17 |
| 1  See note 1 |  |  |  |  |
| Performance |  |  |  |  |
|  | Currency | 2021/2022 | 2020/2021 | 2019/2020 |
| Class F-acc | USD | -7.9% | 1.2% | 5.8% |
| Class (CHF hedged) F-acc | CHF | -9.5% | 0.1% | 3.3% |
| Class F-UKdist | USD | -7.9% | 1.2% | 5.8% |
| Class (CHF hedged) F-UKdist | CHF | -9.6% | 0.1% | 3.3% |
| Class (GBP hedged) F-UKdist Benchmark: 1 Bloomberg Barclays USD Aggregate Corporates 1-5 years | GBP USD | -8.1% -8.1% | 0.9% 1.3% | 4.3% 5.2% |
| Bloomberg Barclays USD Aggregate Corporates 1-5 years (hedged CHF) | CHF | -9.8% | 0.2% | 3.0% |
| Bloomberg Barclays USD Aggregate Corporates 1-5 years (hedged GBP) | GBP | -8.7% | 1.1% | 4.2% |

1 
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) SICAV 1 – Medium Term USD Corporate Bonds Sustainable (USD) Annual report and audited financial statements as of 30 September 2022

### Report of the Portfolio Manager
In the reporting year, from 1 October 2021 to 30 September 2022, US Treasury yields increased par- ticularly as inflation reached multi-decade highs in the US and the Fed shifted to more hawkish monetary policy. The Fed had mostly maintained rates at very low levels but began shifting to tighter monetary policy and increas- ing rates during the reporting period to combat inflation. US Treasury yields increased sharply as a result, reflecting expectations for tighter monetary policy. The US invest- ment grade corporate market experienced spread wid- ening in part driven by elevated volatility from sharply higher interest rates as well as elevated geopolitical risks globally and tighter monetary policy. The US investment grade corporate market delivered negative total returns during the period as a result of the move higher in inter- est rates and the widening of US investment grade cor- porate credit spreads.
The subfund delivered a negative performance during the financial year. Both the increase in US Treasury yields and the move wider in investment grade corporate credit spreads detracted from the overall return during the period. Income was additive to the overall performance. The subfund has followed a diversified approach, invest- ing across a range of industries and issuers within the front-end (1-5 year) of the investment grade corporate bond market. The option-adjusted duration of the sub- fund at the end of the reporting period was lower than a year prior, finishing at 2.6 years consistent with the change in the market. Duration management added to performance for the subfund.

### Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| United States | 61.17 |
| --- | --- |
| United Kingdom | 14.52 |
| Australia | 4.39 |
| Canada | 3.18 |
| The Netherlands | 2.95 |
| France | 2.73 |
| Japan | 2.39 |
| Ireland | 2.32 |
| Cayman Islands | 1.08 |
| Multinationals | 0.76 |
| Sweden | 0.74 |
| Norway | 0.40 |
| Total | 96.63 |

Economic Breakdown as a % of net assets	
Banks & credit institutions	33.91
| Finance & holding companies | 22.40 |
| --- | --- |
| Energy & water supply | 4.18 |
| Countries & central governments | 4.12 |
| Pharmaceuticals, cosmetics & medical products | 3.66 |
| Telecommunications | 3.53 |
| Insurance | 2.63 |
| Internet, software & IT services | 2.61 |
| Traffic & transportation | 2.41 |
| Electronics & semiconductors | 1.95 |
| Computer hardware & network equipment providers | 1.93 |
| Vehicles | 1.79 |
| Lodging, catering & leisure | 1.61 |
| Petroleum | 1.25 |
| Food & soft drinks | 1.12 |
| Miscellaneous unclassified companies | 0.93 |
| Mining, coal & steel | 0.83 |
| Electrical devices & components | 0.83 |
| Biotechnology | 0.81 |
| Miscellaneous services | 0.81 |
| Miscellaneous trading companies | 0.79 |
| Healthcare & social services | 0.75 |
| Mechanical engineering & industrial equipment | 0.61 |
| Tobacco & alcohol | 0.41 |
| Miscellaneous consumer goods | 0.40 |
| Real Estate | 0.36 |
| Total | 96.63 |

UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds Sustainable (USD) Annual report and audited financial statements as of 30 September 2022

### Statement of Net Assets
Assets	30.9.2022
USD
Investments in securities, cost	124 376 868.19
| Investments in securities, unrealized appreciation (depreciation) | 	-10 637 338.08	 |
| --- | --- |
| Total investments in securities (Note 1) | 113 739 530.11 |
| Cash at banks, deposits on demand and deposit accounts | 3 340 083.56 |
| Other liquid assets (Margins) | 60 600.00 |
| Receivable on subscriptions | 100 654.40 |
| Interest receivable on securities | 999 559.89 |
| Prepaid expenses | 88 878.37 |
| Total Assets | 118 329 306.33 |
|  |  |
| Liabilities |  |
| Unrealized loss on financial futures (Note 1) | -41 484.38 |
| Unrealized loss on forward foreign exchange contracts (Note 1) | -92 153.22 |
| Bank overdraft | -9.67 |
| Payable on redemptions | -379 201.76 |
| Provisions for flat fee (Note 2) | -24 609.74 |
| Provisions for taxe d’abonnement (Note 3) | -2 942.55 |
| Provisions for other commissions and fees (Note 2) | 	-87 272.61	 |
| Total provisions | -114 824.90 |
| Total Liabilities | -627 673.93 |
|  |  |
| Net assets at the end of the financial year | 117 701 632.40 |
| Statement of Operations | USD |
| Income | 1.10.2021-30.9.2022 |
| Interest on liquid assets | 16 806.87 |
| Interest on securities | 5 288 847.44 |
| Net income on securities lending | 9 839.43 |
| Other income (Note 4) | 109 039.17 |
| Total income | 5 424 532.91 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -436 718.58 |
| Taxe d’abonnement (Note 3) | -15 702.97 |
| Other commissions and fees (Note 2) | -93 588.41 |
| Interest on cash and bank overdraft | -492.33 |
| Total expenses | -546 502.29 |
|  |  |
| Net income (loss) on investments | 4 878 030.62 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | -5 684 931.64 |
| Realized gain (loss) on financial futures | 97 363.77 |
| Realized gain (loss) on forward foreign exchange contracts | -1 552 977.18 |
| Realized gain (loss) on foreign exchange | -39 080.26 |
| Total realized gain (loss) | -7 179 625.31 |
|  |  |
| Net realized gain (loss) of the financial year | -2 301 594.69 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | -13 705 141.11 |
| Unrealized appreciation (depreciation) on financial futures | -95 359.35 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | 864 441.57 |
| Total changes in unrealized appreciation (depreciation) | -12 936 058.89 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | -15 237 653.58 |

UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds Sustainable (USD) Annual report and audited financial statements as of 30 September 2022
| Statement of Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.10.2021-30.9.2022 |
| Net assets at the beginning of the financial year | 239 569 781.27 |
| Subscriptions | 18 250 242.60 |
| Redemptions | 	-123 808 643.51	 |
| Total net subscriptions (redemptions) | -105 558 400.91 |
| Dividend paid | -1 072 094.38 |
| Net income (loss) on investments | 4 878 030.62 |
| Total realized gain (loss) | -7 179 625.31 |
| Total changes in unrealized appreciation (depreciation) | 	-12 936 058.89	 |
| Net increase (decrease) in net assets as a result of operations | -15 237 653.58 |
| Net assets at the end of the financial year | 117 701 632.40 |
| Changes in the Number of Shares outstanding |  |
|  | 1.10.2021-30.9.2022 |
| Class | F-acc |
| Number of shares outstanding at the beginning of the financial year | 843 990.7650 |
| Number of shares issued | 148 852.5810 |
| Number of shares redeemed | -208 481.4630 |
| Number of shares outstanding at the end of the financial year | 784 361.8830 |
| Class | (CHF hedged) F-acc |
| Number of shares outstanding at the beginning of the financial year | 831 934.0000 |
| Number of shares issued | 540.0000 |
| Number of shares redeemed | -827 000.0000 |
| Number of shares outstanding at the end of the financial year | 5 474.0000 |
| Class | F-UKdist |
| Number of shares outstanding at the beginning of the financial year | 360 555.0000 |
| Number of shares issued | 1 230.0000 |
| Number of shares redeemed | -77 750.0000 |
| Number of shares outstanding at the end of the financial year | 284 035.0000 |
| Class | (CHF hedged) F-UKdist |
| Number of shares outstanding at the beginning of the financial year | 6 300.0000 |
| Number of shares issued | 150.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the financial year | 6 450.0000 |
| Class | (GBP hedged) F-UKdist |
| Number of shares outstanding at the beginning of the financial year | 24 443.7890 |
| Number of shares issued | 3 866.3640 |
| Number of shares redeemed | -10 346.2480 |
| Number of shares outstanding at the end of the financial year | 17 963.9050 |

| Distribution 1 |  |
| --- | --- |
| UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds Sustainable (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| F-UKdist | 15.10.2021 | 20.10.2021 | USD | 2.69 |
| (CHF hedged) F-UKdist | 15.10.2021 | 20.10.2021 | CHF | 2.37 |
| (GBP hedged) F-UKdist | 15.10.2021 | 20.10.2021 | GBP | 2.56 |
| 1  See note 5 |  |  |  |  |

UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds Sustainable (USD) Annual report and audited financial statements as of 30 September 2022

### Statement of Investments in Securities and other Net Assets as of 30 September 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 |  |  |  |
| USD |  |  |  |
| USD	ABBVIE INC 3.20000% 16-14.05.26 | 1 000 000.00 | 934 775.39 | 0.79 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.12500% 18-03.07.23 | 1 750 000.00 | 1 736 302.28 | 1.48 |
| USD	AERCAP IRELAND CAP/ GLBL AVIATION TRUST 6.50000% 20-15.07.25 | 1 000 000.00 | 998 195.36 | 0.85 |
| USD	AIR LEASE CORP 3.37500% 20-01.07.25 | 1 000 000.00 | 931 735.51 | 0.79 |
| USD	ALLY FINANCIAL INC 3.87500% 19-21.05.24 | 1 000 000.00 | 976 983.17 | 0.83 |
| USD	AMERICAN EXPRESS CO 3.95000% 22-01.08.25 | 1 000 000.00 | 968 557.60 | 0.82 |
| USD	AMERICAN INTL GROUP INC 2.50000% 20-30.06.25 | 1 250 000.00 | 1 166 257.94 | 0.99 |
| USD	AMGEN INC 3.12500% 15-01.05.25 | 1 000 000.00 | 958 254.40 | 0.81 |
| USD	ANHEUSER-BUSCH COS 3.65000% 19-01.02.26 | 500 000.00 | 480 285.17 | 0.41 |
| USD	ANZ NEW ZEALAND INT’L LTD/LONDON-144A 1.25000% 21-22.06.26 | 1 000 000.00 | 868 776.40 | 0.74 |
| USD	AON GLOBAL LTD 3.87500% 16-15.12.25 | 1 000 000.00 | 960 819.22 | 0.82 |
| USD	APPLE INC 2.05000% 19-11.09.26 | 2 500 000.00 | 2 273 756.75 | 1.93 |
| USD	ASTRAZENECA PLC 3.37500% 15-16.11.25 | 1 000 000.00 | 953 804.61 | 0.81 |
| USD	AT&T INC 4.25000% 17-01.03.27 | 1 000 000.00 | 959 668.29 | 0.82 |
| USD	BANK OF NOVA SCOTIA-SUB 4.50000% 15-16.12.25 | 2 000 000.00 | 1 929 916.88 | 1.64 |
| USD	BARCLAYS PLC 5.50100% 22-09.08.28 | 1 500 000.00 | 1 406 154.90 | 1.19 |
| USD	BARCLAYS PLC-SUB 4.37500% 14-11.09.24 | 1 500 000.00 | 1 451 975.00 | 1.23 |
| USD	BROADCOM CORP/CAYMAN FIN LTD 3.87500% 18-15.01.27 | 500 000.00 | 459 939.55 | 0.39 |
| USD	CANADIAN PACIFIC RAILWAY 1.75000% 21-02.12.26 | 1 000 000.00 | 875 626.54 | 0.74 |
| USD	CCO LLC/CAPITAL 4.90800% 16-23.07.25 | 1 000 000.00 | 975 159.06 | 0.83 |
| USD	CIGNA CORP 4.12500% 19-15.11.25 | 1 000 000.00 | 971 215.91 | 0.83 |
| USD	CITIGROUP INC 3.40000% 16-01.05.26 | 1 000 000.00 | 932 634.89 | 0.79 |
| USD	CREDIT SUISSE FIRST BOSTON NY 1.25000% 21-07.08.26 | 2 000 000.00 | 1 651 626.44 | 1.40 |
| USD	CVS HEALTH CORP 2.87500% 16-01.06.26 | 500 000.00 | 462 898.27 | 0.39 |
| USD	EDISON INTERNATIONAL 4.95000% 20-15.04.25 | 500 000.00 | 489 857.89 | 0.42 |
| USD	EQT CORP 3.90000% 17-01.10.27 | 500 000.00 | 454 998.63 | 0.39 |
| USD	EQUINIX INC 1.80000% 20-15.07.27 | 500 000.00 | 417 832.85 | 0.36 |
| USD	EVERSOURCE ENERGY 4.60000% 22-01.07.27 | 750 000.00 | 723 854.51 | 0.61 |
| USD	FORD MOTOR CREDIT CO 3.37500% 20-13.11.25 | 500 000.00 | 441 753.39 | 0.38 |
| USD	GENERAL MOTORS FINANCIAL CO INC 2.90000% 20-26.02.25 | 1 750 000.00 | 1 635 038.31 | 1.39 |
| USD	GEORGIA POWER CO 3.25000% 17-30.03.27 | 1 000 000.00 | 913 621.37 | 0.78 |
| USD	GOLDMAN SACHS GROUP INC/THE 3.50000% 16-16.11.26 | 1 500 000.00 | 1 386 253.84 | 1.18 |
| USD	HSBC HOLDINGS PLC 4.30000% 16-08.03.26 | 1 000 000.00 | 958 074.85 | 0.81 |
| USD	JPMORGAN CHASE & CO-SUB 4.12500% 14-15.12.26 | 1 000 000.00 | 943 616.92 | 0.80 |
| USD	LLOYDS BANKING GROUP PLC 4.45000% 18-08.05.25 | 2 000 000.00 | 1 931 444.52 | 1.64 |
| USD	LSEGA FINANCING PLC-144A 1.37500% 21-06.04.26 | 1 500 000.00 | 1 314 213.51 | 1.12 |
| USD	MERCK & CO INC 1.70000% 21-10.06.27 | 1 250 000.00 | 1 091 287.83 | 0.93 |
| USD	MICROSOFT CORP 3.30000% 17-06.02.27 | 1 500 000.00 | 1 429 384.55 | 1.21 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 3.85000% 16-01.03.26 | 1 000 000.00 | 956 275.20 | 0.81 |
| USD	MITSUBISHI UFJ FINANCIAL GRP INC 2.19300% 20-25.02.25 | 1 000 000.00 | 927 672.40 | 0.79 |
| USD	MIZUHO FINANCIAL GROUP INC-144A 3.47700% 16-12.04.26 | 1 000 000.00 | 928 728.20 | 0.79 |
| USD	NEXTERA ENERGY CAPITAL HOLDINGS INC 4.62500% 22-15.07.27 | 1 000 000.00 | 966 492.85 | 0.82 |
| USD	ORACLE CORP 2.80000% 20-01.04.27 | 1 000 000.00 | 882 547.42 | 0.75 |
| USD	PLAINS ALL AMERICAN PIPELINE LP 3.85000% 13-15.10.23 | 1 110 000.00 | 1 094 074.38 | 0.93 |
| USD	QUANTA SERVICES INC 0.95000% 21-01.10.24 | 1 500 000.00 | 1 369 587.31 | 1.16 |
| USD	SKY PLC-144A 3.75000% 14-16.09.24 | 500 000.00 | 487 834.93 | 0.41 |
| USD	STEEL DYNAMICS INC 5.00000% 17-15.12.26 | 1 000 000.00 | 980 018.27 | 0.83 |
| USD	SWEDBANK AB-144A 1.53800% 21-16.11.26 | 1 000 000.00 | 868 450.89 | 0.74 |
| USD	T-MOBILE USA INC 2.25000% 21-15.02.26 | 1 000 000.00 | 894 780.00 | 0.76 |
| USD	THERMO FISHER SCIENTIFIC INC 1.21500% 21-18.10.24 | 1 000 000.00 | 929 963.15 | 0.79 |
| USD	VERIZON COMMUNICATIONS INC 1.45000% 21-20.03.26 | 500 000.00 | 441 475.00 | 0.38 |
| Total USD |  | 52 144 452.50 | 44.30 |
| Total Notes, fixed rate |  | 52 144 452.50 | 44.30 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 3.864%/VAR 18-23.07.24 | 1 500 000.00 | 1 479 597.48 | 1.26 |
| USD	BANK OF AMERICA CORP 4.948%/VAR 22-22.07.28 | 1 000 000.00 | 960 834.04 | 0.82 |
| USD	CITIGROUP INC 4.044%/VAR 18-01.06.24 | 2 500 000.00 | 2 480 349.82 | 2.11 |
| USD	HSBC HOLDINGS PLC 3.950%/VAR 18-18.05.24 | 3 000 000.00 | 2 961 644.55 | 2.51 |
| USD	JPMORGAN CHASE & CO 3.797%/VAR 18-23.07.24 | 2 930 000.00 | 2 889 948.57 | 2.46 |
| USD	JPMORGAN CHASE & CO 4.851%/VAR 22-25.07.28 | 2 000 000.00 | 1 920 347.84 | 1.63 |
| USD	NATWEST GROUP PLC 4.269%/VAR 19-22.03.25 | 1 500 000.00 | 1 458 378.62 | 1.24 |
| Total USD |  | 14 151 100.92 | 12.03 |
| Total Notes, floating rate |  | 14 151 100.92 | 12.03 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	JOHN DEERE CAPITAL CORP 1.05000% 21-17.06.26 | 1 500 000.00 | 1 310 606.09 | 1.11 |
| USD	THE TORONTO-DOMINION BANK 4.10800% 22-08.06.27 | 1 000 000.00 | 942 860.76 | 0.80 |
| Total USD |  | 2 253 466.85 | 1.91 |
| Total Medium term notes, fixed rate |  | 2 253 466.85 | 1.91 |

UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds Sustainable (USD) Annual report and audited financial statements as of 30 September 2022
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |

Medium term notes, floating rate
| USD |  |
| --- | --- |
| USD | BANK OF AMERICA CORP 3.559%/VAR 19-23.04.27 | 1 000 000.00 | 923 175.23 | 0.78 |
| USD | BANK OF AMERICA CORP 2.456%/VAR 19-22.10.25 | 2 500 000.00 | 2 340 709.72 | 1.99 |
| USD | MORGAN STANLEY 4.679%/VAR 22-17.07.26 | 2 000 000.00 | 1 947 445.06 | 1.66 |
| Total USD |  |  | 5 211 330.01 | 4.43 |
| Total Medium term notes, floating rate |  | 5 211 330.01 | 4.43 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	SOUTHERN CALIFORNIA GAS CO 2.60000% 16-15.06.26 | 1 500 000.00 | 1 376 145.40 | 1.17 |
| Total USD |  | 1 376 145.40 | 1.17 |
| Total Bonds, fixed rate |  | 1 376 145.40 | 1.17 |
| Bonds, floating rate |  |  |  |
| USD |  |  |  |
| USD	BP CAPITAL MARKETS PLC-SUB 4.375%/VAR 20-PRP | 1 500 000.00 | 1 387 500.00 | 1.18 |
| Total USD |  | 1 387 500.00 | 1.18 |
| Total Bonds, floating rate |  | 1 387 500.00 | 1.18 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.00000% 22-31.07.24 | 4 000 000.00 | 3 910 937.52 | 3.32 |
| USD	AMERICA, UNITED STATES OF 2.75000% 22-31.07.27 | 1 000 000.00 | 941 640.62 | 0.80 |
| Total USD |  | 4 852 578.14 | 4.12 |
| Total Treasury notes, fixed rate |  | 4 852 578.14 | 4.12 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 81 376 573.82 | 69.14 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AKER BP ASA-144A 3.00000% 20-15.01.25 | 500 000.00 | 468 352.36 | 0.40 |
| USD	AUSTRALIA & NEW ZEALAND BANK-144A-SUB 4.40000% 16-19.05.26 | 1 000 000.00 | 949 913.40 | 0.81 |
| USD	AVOLON HOLDINGS FUNDING LTD-144A 2.12500% 21-21.02.26 | 1 500 000.00 | 1 267 604.99 | 1.08 |
| USD	BAXTER INTERNATIONAL INC 1.91500% 22-01.02.27 | 1 000 000.00 | 870 162.39 | 0.74 |
| USD	BERRY GLOBAL INC 0.95000% 21-15.02.24 | 1 500 000.00 | 1 409 270.40 | 1.20 |
| USD	CHENIERE CORPUS CHRISTI HLDGS LLC 7.00000% 17-30.06.24 | 1 000 000.00 | 1 017 051.96 | 0.86 |
| USD	DAIMLER FINANCE NORTH AMERICA LLC-144A 3.30000% 15-19.05.25 | 1 000 000.00 | 953 245.77 | 0.81 |
| USD	DAIMLER FINANCE NORTH AMERICA LLC-144A 2.70000% 19-14.06.24 | 1 200 000.00 | 1 155 256.91 | 0.98 |
| USD	DELTA AIR LINES INC-144A 7.00000% 20-01.05.25 | 1 500 000.00 | 1 509 678.05 | 1.28 |
| USD	ENEL FINANCE INTERNATIONAL SA-144A 2.65000% 19-10.09.24 | 2 000 000.00 | 1 892 907.98 | 1.61 |
| USD	GLP CAPITAL LP / GLP FINANC II INC 3.35000% 19-01.09.24 | 2 000 000.00 | 1 896 042.96 | 1.61 |
| USD	HCA INC-144A 3.12500% 22-15.03.27 | 1 000 000.00 | 885 289.03 | 0.75 |
| USD	KINDER MORGAN INC-144A 5.62500% 13-15.11.23 | 1 000 000.00 | 1 000 370.58 | 0.85 |
| USD	MASSMUTUAL GLOBAL FUNDING II-144A 1.20000% 21-16.07.26 | 1 000 000.00 | 868 501.67 | 0.74 |
| USD	NESTLE HOLDINGS INC-144A 0.62500% 20-15.01.26 | 1 500 000.00 | 1 314 010.60 | 1.12 |
| USD	NETFLIX INC 5.75000% 14-01.03.24 | 750 000.00 | 761 280.00 | 0.65 |
| USD	PARKER-HANNIFIN CORP 4.25000% 22-15.09.27 | 750 000.00 | 714 339.90 | 0.61 |
| USD	PROCTER & GAMBLE CO 2.80000% 20-25.03.27 | 500 000.00 | 465 027.35 | 0.39 |
| USD	SCENTRE GROUP TRUST 1 / 2-144A 3.25000% 15-28.10.25 | 1 000 000.00 | 931 310.50 | 0.79 |
| USD	SCENTRE GROUP TRUST 1 / 2-144A 3.62500% 20-28.01.26 | 1 000 000.00 | 935 905.44 | 0.79 |
| USD	SIEMENS FINANCIERINGSMAATSCH NV-144A 1.20000% 21-11.03.26 | 1 000 000.00 | 872 235.71 | 0.74 |
| USD	UNITED AIRLINES INC-144A 4.37500% 21-15.04.26 | 500 000.00 | 446 250.00 | 0.38 |
| Total USD |  | 22 584 007.95 | 19.19 |
| Total Notes, fixed rate |  | 22 584 007.95 | 19.19 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	BNP PARIBAS-144A 2.219%/VAR 20-09.06.26 | 1 000 000.00 | 899 143.31 | 0.76 |
| USD	ING GROEP NV 3.869%/VAR 22-28.03.26 | 750 000.00 | 711 023.62 | 0.60 |
| Total USD |  | 1 610 166.93 | 1.36 |
| Total Notes, floating rate |  | 1 610 166.93 | 1.36 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	CREDIT AGRICOLE SA LONDON-144A 4.12500% 17-10.01.27 | 1 000 000.00 | 928 003.50 | 0.79 |
| USD	SOCIETE GENERALE SA-144A 2.62500% 20-22.01.25 | 1 500 000.00 | 1 388 065.22 | 1.18 |
| Total USD |  | 2 316 068.72 | 1.97 |
| Total Medium term notes, fixed rate |  | 2 316 068.72 | 1.97 |

UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds Sustainable (USD) Annual report and audited financial statements as of 30 September 2022
| Description	Quantity/ | Valuation in USD | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |

Bonds, fixed rate
| USD |  |
| --- | --- |
| USD | FIVE CORNERS FUNDING TRUST-144A 4.41900% 13-15.11.23 | 1 000 000.00 | 990 627.31 | 0.84 |
| USD | MACQUARIE BANK LTD-144A-SUB 4.87500% 15-10.06.25 | 1 000 000.00 | 976 597.60 | 0.83 |
| Total USD |  |  | 1 967 224.91 | 1.67 |
| Total Bonds, fixed rate | 1 967 224.91 | 1.67 |
| Total Transferable securities and money market instruments traded on another regulated market | 28 477 468.51 | 24.19 |

Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market
Notes, fixed rate
| USD |  |
| --- | --- |
| USD | CSL FINANCE PLC-144A 3.85000% 22-27.04.27 | 1 000 000.00 | 950 893.20 | 0.81 |
| USD | NXP BV / NXP FUNDING LLC / NXP USA 3.15000% 22-01.05.27 | 1 000 000.00 | 888 410.00 | 0.75 |
| Total USD |  |  | 1 839 303.20 | 1.56 |
| Total Notes, fixed rate |  | 1 839 303.20 | 1.56 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market |  | 1 839 303.20 | 1.56 |
| Recently issued transferable securities and money market instruments |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	MAGALLANES INC-144A 3.75500% 22-15.03.27 | 750 000.00 | 671 028.38 | 0.57 |
| Total USD |  | 671 028.38 | 0.57 |
| Total Notes, fixed rate |  | 671 028.38 | 0.57 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	NBN CO LTD-144A 0.87500% 21-08.10.24 | 1 500 000.00 | 1 375 156.20 | 1.17 |
| Total USD |  | 1 375 156.20 | 1.17 |
| Total Medium term notes, fixed rate |  | 1 375 156.20 | 1.17 |
| Total Recently issued transferable securities and money market instruments |  | 2 046 184.58 | 1.74 |
| Total investments in securities |  | 113 739 530.11 | 96.63 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange Financial Futures on bonds |
|  |  |  |  |
| USD	US 5YR TREASURY NOTE FUTURE 30.12.22 | 15.00 | -41 484.38 | -0.04 |
| Total Financial Futures on bonds |  | -41 484.38 | -0.04 |
| Total Derivative instruments listed on an official stock exchange |  | -41 484.38 | -0.04 |
| Total Derivative instruments |  | -41 484.38 | -0.04 |
| Forward Foreign Exchange contracts Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| GBP | 1 569 200.00 | USD | 1 814 516.33 | 18.10.2022 | -62 281.60 | -0.05 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 1 019 000.00 | USD | 1 063 785.36 | 18.10.2022 | -27 174.06 | -0.03 |
| USD | 20 453.36 | GBP | 18 100.00 | 18.10.2022 | 242.14 | 0.00 |
| USD | 16 599.81 | CHF | 16 500.00 | 18.10.2022 | -185.36 | 0.00 |
| USD | 44 859.76 | GBP | 42 000.00 | 18.10.2022 | -2 039.21 | 0.00 |
| USD | 27 200.92 | GBP | 25 000.00 | 18.10.2022 | -715.13 | 0.00 |
| Total Forward Foreign Exchange contracts | -92 153.22 | -0.08 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 3 400 683.56 | 2.89 |
| Bank overdraft and other short-term liabilities | -9.67 | 0.00 |
| Other assets and liabilities | 695 066.00 | 0.60 |
| Total net assets | 117 701 632.40 | 100.00 |

UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds Sustainable (USD) Annual report and audited financial statements as of 30 September 2022

Translation (ENFR, 2022-09-30):
# UBS (Lux) SICAV 1
– Medium Term USD Corporate Bonds Sustainable (USD)
| Comparaison sur trois ans |  |
| --- | --- |
| Date | ISIN | 30.9.2022 | 30.9.2021 | 30.9.2020 |
| Actif net en USD |  | 117 701 632.40 | 239 569 781.27 | 244 154 389.33 |
| Catégorie F-acc | LU1008479229 |  |  |  |
| Actions en circulation |  | 784 361.8830 | 843 990.7650 | 924 436.5860 |
| Valeur nette d’inventaire par action en USD |  | 114.07 | 123.86 | 122.40 |
| Prix d’émission et de rachat par action en USD 1 |  | 114.07 | 123.86 | 122.40 |
| Catégorie (CHF hedged) F-acc | LU1008479575 |  |  |  |
| Actions en circulation |  | 5 474.0000 | 831 934.0000 | 769 255.0000 |
| Valeur nette d’inventaire par action en CHF |  | 96.58 | 106.77 | 106.63 |
| Prix d’émission et de rachat par action en CHF 1 |  | 96.58 | 106.77 | 106.63 |
| Catégorie F-UKdist | LU1008479492 |  |  |  |
| Actions en circulation |  | 284 035.0000 | 360 555.0000 | 365 505.0000 |
| Valeur nette d’inventaire par action en USD |  | 89.79 | 100.19 | 101.87 |
| Prix d’émission et de rachat par action en USD 1 |  | 89.79 | 100.19 | 101.87 |
| Catégorie (CHF hedged) F-UKdist | LU1008479658 |  |  |  |
| Actions en circulation |  | 6 450.0000 | 6 300.0000 | 8 100.0000 |
| Valeur nette d’inventaire par action en CHF |  | 75.70 | 86.09 | 88.35 |
| Prix d’émission et de rachat par action en CHF 1 |  | 75.70 | 86.09 | 88.35 |
| Catégorie (GBP hedged) F-UKdist | LU1008479815 |  |  |  |
| Actions en circulation |  | 17 963.9050 | 24 443.7890 | 29 872.0820 |
| Valeur nette d’inventaire par action en GBP |  | 84.37 | 94.38 | 96.17 |
| Prix d’émission et de rachat par action en GBP 1 |  | 84.37 | 94.38 | 96.17 |
| 1  Voir note 1 |  |  |  |  |
| Performance |  |  |  |  |
|  | Devise | 2021/2022 | 2020/2021 | 2019/2020 |
| Catégorie F-acc | USD | -7.9% | 1.2% | 5.8% |
| Catégorie (CHF hedged) F-acc | CHF | -9.5% | 0.1% | 3.3% |
| Catégorie F-UKdist | USD | -7.9% | 1.2% | 5.8% |
| Catégorie (CHF hedged) F-UKdist | CHF | -9.6% | 0.1% | 3.3% |
| Catégorie (GBP hedged) F-UKdist | GBP | -8.1% | 0.9% | 4.3% |
| Benchmark: 1 Bloomberg Barclays USD Aggregate Corporates 1-5 years | USD | -8.1% | 1.3% | 5.2% |
| Bloomberg Barclays USD Aggregate Corporates 1-5 years (hedged CHF) | CHF | -9.8% | 0.2% | 3.0% |
| Bloomberg Barclays USD Aggregate Corporates 1-5 years (hedged GBP) | GBP | -8.7% | 1.1% | 4.2% |

1 
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) SICAV 1 – Medium Term USD Corporate Bonds Sustainable (USD) Rapport annuel et états financiers révisés au 30 septembre 2022

## Rapport du Gestionnaire de portefeuille
Au cours de l’exercice financier compris entre le 1
er 
octobre 2021 et le 30 septembre 2022, les rendements des bons du Trésor américain ont augmenté, en particulier dans la mesure où l’inflation a atteint des sommets jamais vus depuis plusieurs décennies aux États-Unis et où la Fed s’est orientée vers une politique monétaire plus belliciste. Pour l’essentiel, la Fed a maintenu ses taux à des niveaux très bas, mais a commencé à resserrer sa politique moné- taire et à augmenter ses taux au cours de la période sous revue afin de lutter contre l’inflation. Les rendements des bons du Trésor américain ont nettement augmenté en conséquence, reflétant les prévisions de resserrement de la politique monétaire. Le marché des titres d’entreprise américains notés «Investment grade» a connu un élar- gissement des écarts, en partie imputable à la volatilité élevée due à la hausse brutale des taux d’intérêt, ainsi qu’aux risques géopolitiques mondiaux accrus et au resserrement de la politique monétaire. Le marché des titres d’entreprise américains notés «Investment grade» a enregistré des rendements totaux négatifs sur la période, suite à l’augmentation des taux d’intérêt et à l’élargissement des écarts du crédit d’entreprise améric- ain noté «Investment grade».
Le compartiment a réalisé une performance négative au cours de l’exercice. Tant la hausse des rendements des bons du Trésor américain que l’élargissement des écarts du crédit d’entreprise noté «Investment grade» ont nui au rendement global sur la période. Les revenus se sont cumulés à la performance générale. Le comparti- ment a adopté une approche diversifiée en investissant dans une grande variété de secteurs et d’émetteurs sur la partie courte (de 1 à 5 ans) du marché des obliga- tions d’entreprise notées «Investment grade». La dura- tion du compartiment ajustée de l’option à la fin de la période sous revue s’est avérée inférieure à celle de l’exercice précédent, terminant à 2,6 ans, conformément à l’évolution du marché. La gestion de la duration a con- tribué à la performance du compartiment.

## Structure du portefeuille-titres
Répartition géographique en % de l’actif net	
Etats-Unis	61.17
| Grande-Bretagne | 14.52 |
| --- | --- |
| Australie | 4.39 |
| Canada | 3.18 |
| Pays-Bas | 2.95 |
| France | 2.73 |
| Japon | 2.39 |
| Irlande | 2.32 |
| Iles Caïmans | 1.08 |
| Multinationaux | 0.76 |
| Suède | 0.74 |
| Norvège | 0.40 |
| Total | 96.63 |

Répartition économique en % de l’actif net	
Banques & instituts de crédit	33.91
| Etablissements financiers et sociétés de participation | 22.40 |
| --- | --- |
| Distribution d’énergie & d’eau | 4.18 |
| Gouvernements nationaux et centraux | 4.12 |
| Produits pharmaceutiques, cosmétiques & médicaux | 3.66 |
| Télécommunications | 3.53 |
| Assurances | 2.63 |
| Internet, logiciels et services informatiques | 2.61 |
| Trafic et transport | 2.41 |
| Electronique et semi-conducteurs | 1.95 |
| Equipement informatique et de réseau | 1.93 |
| Véhicules | 1.79 |
| Restauration et loisirs | 1.61 |
| Pétrole | 1.25 |
| Alimentation & softs | 1.12 |
| Diverses sociétés non classées | 0.93 |
| Industrie minière, charbon et acier | 0.83 |
| Appareils et composants électriques | 0.83 |
| Biotechnologie | 0.81 |
| Services divers | 0.81 |
| Diverses sociétés commerciales | 0.79 |
| Soins de santé & services sociaux | 0.75 |
| Machines et appareils | 0.61 |
| Tabac et boissons alcoolisées | 0.41 |
| Biens de consommation divers | 0.40 |
| Immobilier | 0.36 |
| Total | 96.63 |

UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds Sustainable (USD) Rapport annuel et états financiers révisés au 30 septembre 2022

## Etat des actifs nets
Actif	30.9.2022
USD
Portefeuille-titres, cours d’achat	124 376 868.19
| Portefeuille-titres, plus- (moins-) value non-réalisée | 	-10 637 338.08	 |
| --- | --- |
| Total portefeuille-titres (note 1) | 113 739 530.11 |
| Avoirs en banque, dépôts à vue et à terme | 3 340 083.56 |
| Autres liquidités (marges) | 60 600.00 |
| A recevoir sur souscriptions | 100 654.40 |
| Intérêts à recevoir sur titres | 999 559.89 |
| Frais payés d’avance | 88 878.37 |
| Total Actif | 118 329 306.33 |
|  |  |
| Passif |  |
| Perte non réalisée sur contrats financiers à terme (note 1) | -41 484.38 |
| Perte non réalisée sur contrats de change à terme (note 1) | -92 153.22 |
| Crédit en compte courant | -9.67 |
| A payer sur rachats | -379 201.76 |
| Provisions pour commission de gestion forfaitaire (note 2) | -24 609.74 |
| Provisions pour taxe d’abonnement (note 3) | -2 942.55 |
| Provisions pour autres commissions et frais (note 2) | 	-87 272.61	 |
| Total des Provisions pour frais | -114 824.90 |
| Total Passif | -627 673.93 |
|  |  |
| Actifs nets à la fin de l’exercice | 117 701 632.40 |
| Etat des opérations | USD |
| Revenus | 1.10.2021-30.9.2022 |
| Revenus d’intérêts sur liquidités | 16 806.87 |
| Intérêts sur titres | 5 288 847.44 |
| Revenus nets sur prêts de titres | 9 839.43 |
| Autres revenus (note 4) | 109 039.17 |
| Total des Revenus | 5 424 532.91 |
|  |  |
| Charges |  |
| Commission de gestion forfaitaire (note 2) | -436 718.58 |
| Taxe d’abonnement (note 3) | -15 702.97 |
| Autres commissions et frais (note 2) | -93 588.41 |
| Charges d’intérêts sur liquidités et crédit en compte courant | -492.33 |
| Total des Charges | -546 502.29 |
|  |  |
| Revenus (Pertes) net(te)s des investissements | 4 878 030.62 |
|  |  |
| Bénéfices (pertes) réalisé(e)s (note 1) |  |
| Bénéfice (perte) réalisé(e) sur titres évalués à la valeur de marché hors options | -5 684 931.64 |
| Bénéfice (perte) réalisé(e) sur contrats financiers à terme | 97 363.77 |
| Bénéfice (perte) réalisé(e) sur contrats de change à terme | -1 552 977.18 |
| Bénéfice (perte) réalisé(e) de change réalisé(e) | -39 080.26 |
| Total des Bénéfices (pertes) réalisé(e)s | -7 179 625.31 |
|  |  |
| Bénéfice (perte) net(te) réalisé(e) au cours de l’exercice | -2 301 594.69 |
|  |  |
| Variations des plus- (moins-) values non-réalisées (note 1) |  |
| Plus- (Moins-) value non réalisée sur titres évalués à la valeur de marché hors options | -13 705 141.11 |
| Plus- (Moins-) value non réalisée sur contrats financiers à terme | -95 359.35 |
| Plus- (Moins-) value non réalisée sur contrats de change à terme | 864 441.57 |
| Total des Variations des plus- (moins-) values non-réalisées | -12 936 058.89 |
|  |  |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | -15 237 653.58 |

UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds Sustainable (USD) Rapport annuel et états financiers révisés au 30 septembre 2022
| Variations de l’actif net |  |
| --- | --- |
|  | USD |
|  | 1.10.2021-30.9.2022 |
| Actif net au début de l’exercice | 239 569 781.27 |
| Souscriptions | 18 250 242.60 |
| Rachats | 	-123 808 643.51	 |
| Souscriptions (Rachats) net(te)s | -105 558 400.91 |
| Dividendes versés | -1 072 094.38 |
| Revenus (Pertes) net(te)s des investissements | 4 878 030.62 |
| Total des Bénéfices (pertes) réalisé(e)s | -7 179 625.31 |
| Total des Variations des plus- (moins-) values non-réalisées | 	-12 936 058.89	 |
| Augmentation/(diminution) nette de l’actif net issue de l’activité | -15 237 653.58 |
| Actifs nets à la fin de l’exercice | 117 701 632.40 |

| Evolution des actions en circulation |  |
| --- | --- |
|  |  |  |  | 1.10.2021-30.9.2022 |
| Catégorie |  |  |  | F-acc |
| Nombre d’actions en circulation au début de l’exercice |  |  |  | 843 990.7650 |
| Nombre d’actions émises |  |  |  | 148 852.5810 |
| Nombre d’actions rachetées |  |  |  | -208 481.4630 |
| Nombre d’actions en circulation à la fin de l’exercice |  |  |  | 784 361.8830 |
| Catégorie |  |  |  | (CHF hedged) F-acc |
| Nombre d’actions en circulation au début de l’exercice |  |  |  | 831 934.0000 |
| Nombre d’actions émises |  |  |  | 540.0000 |
| Nombre d’actions rachetées |  |  |  | -827 000.0000 |
| Nombre d’actions en circulation à la fin de l’exercice |  |  |  | 5 474.0000 |
| Catégorie |  |  |  | F-UKdist |
| Nombre d’actions en circulation au début de l’exercice |  |  |  | 360 555.0000 |
| Nombre d’actions émises |  |  |  | 1 230.0000 |
| Nombre d’actions rachetées |  |  |  | -77 750.0000 |
| Nombre d’actions en circulation à la fin de l’exercice |  |  |  | 284 035.0000 |
| Catégorie |  |  |  | (CHF hedged) F-UKdist |
| Nombre d’actions en circulation au début de l’exercice |  |  |  | 6 300.0000 |
| Nombre d’actions émises |  |  |  | 150.0000 |
| Nombre d’actions rachetées |  |  |  | 0.0000 |
| Nombre d’actions en circulation à la fin de l’exercice |  |  |  | 6 450.0000 |
| Catégorie |  |  |  | (GBP hedged) F-UKdist |
| Nombre d’actions en circulation au début de l’exercice |  |  |  | 24 443.7890 |
| Nombre d’actions émises |  |  |  | 3 866.3640 |
| Nombre d’actions rachetées |  |  |  | -10 346.2480 |
| Nombre d’actions en circulation à la fin de l’exercice |  |  |  | 17 963.9050 |
| Distribution 1 |  |  |  |  |
| UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds Sustainable (USD) | Date de détachement | Date de versement | Devise | Montant par action |
| F-UKdist | 15.10.2021 | 20.10.2021 | USD | 2.69 |
| (CHF hedged) F-UKdist | 15.10.2021 | 20.10.2021 | CHF | 2.37 |
| (GBP hedged) F-UKdist | 15.10.2021 | 20.10.2021 | GBP | 2.56 |
| 1  Voir note 5 |  |  |  |  |

UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds Sustainable (USD) Rapport annuel et états financiers révisés au 30 septembre 2022

## Etat du portefeuille-titres et autres actifs nets au 30 septembre 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 |  |  |  |
| USD |  |  |  |
| USD	ABBVIE INC 3.20000% 16-14.05.26 | 1 000 000.00 | 934 775.39 | 0.79 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.12500% 18-03.07.23 | 1 750 000.00 | 1 736 302.28 | 1.48 |
| USD	AERCAP IRELAND CAP/ GLBL AVIATION TRUST 6.50000% 20-15.07.25 | 1 000 000.00 | 998 195.36 | 0.85 |
| USD	AIR LEASE CORP 3.37500% 20-01.07.25 | 1 000 000.00 | 931 735.51 | 0.79 |
| USD	ALLY FINANCIAL INC 3.87500% 19-21.05.24 | 1 000 000.00 | 976 983.17 | 0.83 |
| USD	AMERICAN EXPRESS CO 3.95000% 22-01.08.25 | 1 000 000.00 | 968 557.60 | 0.82 |
| USD	AMERICAN INTL GROUP INC 2.50000% 20-30.06.25 | 1 250 000.00 | 1 166 257.94 | 0.99 |
| USD	AMGEN INC 3.12500% 15-01.05.25 | 1 000 000.00 | 958 254.40 | 0.81 |
| USD	ANHEUSER-BUSCH COS 3.65000% 19-01.02.26 | 500 000.00 | 480 285.17 | 0.41 |
| USD	ANZ NEW ZEALAND INT’L LTD/LONDON-144A 1.25000% 21-22.06.26 | 1 000 000.00 | 868 776.40 | 0.74 |
| USD	AON GLOBAL LTD 3.87500% 16-15.12.25 | 1 000 000.00 | 960 819.22 | 0.82 |
| USD	APPLE INC 2.05000% 19-11.09.26 | 2 500 000.00 | 2 273 756.75 | 1.93 |
| USD	ASTRAZENECA PLC 3.37500% 15-16.11.25 | 1 000 000.00 | 953 804.61 | 0.81 |
| USD	AT&T INC 4.25000% 17-01.03.27 | 1 000 000.00 | 959 668.29 | 0.82 |
| USD	BANK OF NOVA SCOTIA-SUB 4.50000% 15-16.12.25 | 2 000 000.00 | 1 929 916.88 | 1.64 |
| USD	BARCLAYS PLC 5.50100% 22-09.08.28 | 1 500 000.00 | 1 406 154.90 | 1.19 |
| USD	BARCLAYS PLC-SUB 4.37500% 14-11.09.24 | 1 500 000.00 | 1 451 975.00 | 1.23 |
| USD	BROADCOM CORP/CAYMAN FIN LTD 3.87500% 18-15.01.27 | 500 000.00 | 459 939.55 | 0.39 |
| USD	CANADIAN PACIFIC RAILWAY 1.75000% 21-02.12.26 | 1 000 000.00 | 875 626.54 | 0.74 |
| USD	CCO LLC/CAPITAL 4.90800% 16-23.07.25 | 1 000 000.00 | 975 159.06 | 0.83 |
| USD	CIGNA CORP 4.12500% 19-15.11.25 | 1 000 000.00 | 971 215.91 | 0.83 |
| USD	CITIGROUP INC 3.40000% 16-01.05.26 | 1 000 000.00 | 932 634.89 | 0.79 |
| USD	CREDIT SUISSE FIRST BOSTON NY 1.25000% 21-07.08.26 | 2 000 000.00 | 1 651 626.44 | 1.40 |
| USD	CVS HEALTH CORP 2.87500% 16-01.06.26 | 500 000.00 | 462 898.27 | 0.39 |
| USD	EDISON INTERNATIONAL 4.95000% 20-15.04.25 | 500 000.00 | 489 857.89 | 0.42 |
| USD	EQT CORP 3.90000% 17-01.10.27 | 500 000.00 | 454 998.63 | 0.39 |
| USD	EQUINIX INC 1.80000% 20-15.07.27 | 500 000.00 | 417 832.85 | 0.36 |
| USD	EVERSOURCE ENERGY 4.60000% 22-01.07.27 | 750 000.00 | 723 854.51 | 0.61 |
| USD	FORD MOTOR CREDIT CO 3.37500% 20-13.11.25 | 500 000.00 | 441 753.39 | 0.38 |
| USD	GENERAL MOTORS FINANCIAL CO INC 2.90000% 20-26.02.25 | 1 750 000.00 | 1 635 038.31 | 1.39 |
| USD	GEORGIA POWER CO 3.25000% 17-30.03.27 | 1 000 000.00 | 913 621.37 | 0.78 |
| USD	GOLDMAN SACHS GROUP INC/THE 3.50000% 16-16.11.26 | 1 500 000.00 | 1 386 253.84 | 1.18 |
| USD	HSBC HOLDINGS PLC 4.30000% 16-08.03.26 | 1 000 000.00 | 958 074.85 | 0.81 |
| USD	JPMORGAN CHASE & CO-SUB 4.12500% 14-15.12.26 | 1 000 000.00 | 943 616.92 | 0.80 |
| USD	LLOYDS BANKING GROUP PLC 4.45000% 18-08.05.25 | 2 000 000.00 | 1 931 444.52 | 1.64 |
| USD	LSEGA FINANCING PLC-144A 1.37500% 21-06.04.26 | 1 500 000.00 | 1 314 213.51 | 1.12 |
| USD	MERCK & CO INC 1.70000% 21-10.06.27 | 1 250 000.00 | 1 091 287.83 | 0.93 |
| USD	MICROSOFT CORP 3.30000% 17-06.02.27 | 1 500 000.00 | 1 429 384.55 | 1.21 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 3.85000% 16-01.03.26 | 1 000 000.00 | 956 275.20 | 0.81 |
| USD	MITSUBISHI UFJ FINANCIAL GRP INC 2.19300% 20-25.02.25 | 1 000 000.00 | 927 672.40 | 0.79 |
| USD	MIZUHO FINANCIAL GROUP INC-144A 3.47700% 16-12.04.26 | 1 000 000.00 | 928 728.20 | 0.79 |
| USD	NEXTERA ENERGY CAPITAL HOLDINGS INC 4.62500% 22-15.07.27 | 1 000 000.00 | 966 492.85 | 0.82 |
| USD	ORACLE CORP 2.80000% 20-01.04.27 | 1 000 000.00 | 882 547.42 | 0.75 |
| USD	PLAINS ALL AMERICAN PIPELINE LP 3.85000% 13-15.10.23 | 1 110 000.00 | 1 094 074.38 | 0.93 |
| USD	QUANTA SERVICES INC 0.95000% 21-01.10.24 | 1 500 000.00 | 1 369 587.31 | 1.16 |
| USD	SKY PLC-144A 3.75000% 14-16.09.24 | 500 000.00 | 487 834.93 | 0.41 |
| USD	STEEL DYNAMICS INC 5.00000% 17-15.12.26 | 1 000 000.00 | 980 018.27 | 0.83 |
| USD	SWEDBANK AB-144A 1.53800% 21-16.11.26 | 1 000 000.00 | 868 450.89 | 0.74 |
| USD	T-MOBILE USA INC 2.25000% 21-15.02.26 | 1 000 000.00 | 894 780.00 | 0.76 |
| USD	THERMO FISHER SCIENTIFIC INC 1.21500% 21-18.10.24 | 1 000 000.00 | 929 963.15 | 0.79 |
| USD	VERIZON COMMUNICATIONS INC 1.45000% 21-20.03.26 | 500 000.00 | 441 475.00 | 0.38 |
| Total USD |  | 52 144 452.50 | 44.30 |
| Total des Billets, taux fixe |  | 52 144 452.50 | 44.30 |
| Billets, taux variable |  |  |  |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 3.864%/VAR 18-23.07.24 | 1 500 000.00 | 1 479 597.48 | 1.26 |
| USD	BANK OF AMERICA CORP 4.948%/VAR 22-22.07.28 | 1 000 000.00 | 960 834.04 | 0.82 |
| USD	CITIGROUP INC 4.044%/VAR 18-01.06.24 | 2 500 000.00 | 2 480 349.82 | 2.11 |
| USD	HSBC HOLDINGS PLC 3.950%/VAR 18-18.05.24 | 3 000 000.00 | 2 961 644.55 | 2.51 |
| USD	JPMORGAN CHASE & CO 3.797%/VAR 18-23.07.24 | 2 930 000.00 | 2 889 948.57 | 2.46 |
| USD	JPMORGAN CHASE & CO 4.851%/VAR 22-25.07.28 | 2 000 000.00 | 1 920 347.84 | 1.63 |
| USD	NATWEST GROUP PLC 4.269%/VAR 19-22.03.25 | 1 500 000.00 | 1 458 378.62 | 1.24 |
| Total USD |  | 14 151 100.92 | 12.03 |
| Total des Billets, taux variable |  | 14 151 100.92 | 12.03 |
| Medium-Term Notes, taux fixe |  |  |  |
| USD |  |  |  |
| USD	JOHN DEERE CAPITAL CORP 1.05000% 21-17.06.26 | 1 500 000.00 | 1 310 606.09 | 1.11 |
| USD	THE TORONTO-DOMINION BANK 4.10800% 22-08.06.27 | 1 000 000.00 | 942 860.76 | 0.80 |
| Total USD |  | 2 253 466.85 | 1.91 |
| Total des Medium-Term Notes, taux fixe |  | 2 253 466.85 | 1.91 |

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

Medium-Term Notes, taux variable
| USD |  |
| --- | --- |
| USD | BANK OF AMERICA CORP 3.559%/VAR 19-23.04.27 | 1 000 000.00 | 923 175.23 | 0.78 |
| USD | BANK OF AMERICA CORP 2.456%/VAR 19-22.10.25 | 2 500 000.00 | 2 340 709.72 | 1.99 |
| USD | MORGAN STANLEY 4.679%/VAR 22-17.07.26 | 2 000 000.00 | 1 947 445.06 | 1.66 |
| Total USD |  |  | 5 211 330.01 | 4.43 |
| Total des Medium-Term Notes, taux variable |  | 5 211 330.01 | 4.43 |
| Obligations, taux fixe |  |  |  |
| USD |  |  |  |
| USD	SOUTHERN CALIFORNIA GAS CO 2.60000% 16-15.06.26 | 1 500 000.00 | 1 376 145.40 | 1.17 |
| Total USD |  | 1 376 145.40 | 1.17 |
| Total des Obligations, taux fixe |  | 1 376 145.40 | 1.17 |
| Obligations, taux variable |  |  |  |
| USD |  |  |  |
| USD	BP CAPITAL MARKETS PLC-SUB 4.375%/VAR 20-PRP | 1 500 000.00 | 1 387 500.00 | 1.18 |
| Total USD |  | 1 387 500.00 | 1.18 |
| Total des Obligations, taux variable |  | 1 387 500.00 | 1.18 |
| Bons du Trésor à moyen terme, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.00000% 22-31.07.24 | 4 000 000.00 | 3 910 937.52 | 3.32 |
| USD	AMERICA, UNITED STATES OF 2.75000% 22-31.07.27 | 1 000 000.00 | 941 640.62 | 0.80 |
| Total USD |  | 4 852 578.14 | 4.12 |
| Total des Bons du Trésor à moyen terme, taux fixe |  | 4 852 578.14 | 4.12 |
| Total des Titres et instruments du marché monétaire négociés sur une bourse officielle |  | 81 376 573.82 | 69.14 |
| Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  |  |  |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	AKER BP ASA-144A 3.00000% 20-15.01.25 | 500 000.00 | 468 352.36 | 0.40 |
| USD	AUSTRALIA & NEW ZEALAND BANK-144A-SUB 4.40000% 16-19.05.26 | 1 000 000.00 | 949 913.40 | 0.81 |
| USD	AVOLON HOLDINGS FUNDING LTD-144A 2.12500% 21-21.02.26 | 1 500 000.00 | 1 267 604.99 | 1.08 |
| USD	BAXTER INTERNATIONAL INC 1.91500% 22-01.02.27 | 1 000 000.00 | 870 162.39 | 0.74 |
| USD	BERRY GLOBAL INC 0.95000% 21-15.02.24 | 1 500 000.00 | 1 409 270.40 | 1.20 |
| USD	CHENIERE CORPUS CHRISTI HLDGS LLC 7.00000% 17-30.06.24 | 1 000 000.00 | 1 017 051.96 | 0.86 |
| USD	DAIMLER FINANCE NORTH AMERICA LLC-144A 3.30000% 15-19.05.25 | 1 000 000.00 | 953 245.77 | 0.81 |
| USD	DAIMLER FINANCE NORTH AMERICA LLC-144A 2.70000% 19-14.06.24 | 1 200 000.00 | 1 155 256.91 | 0.98 |
| USD	DELTA AIR LINES INC-144A 7.00000% 20-01.05.25 | 1 500 000.00 | 1 509 678.05 | 1.28 |
| USD	ENEL FINANCE INTERNATIONAL SA-144A 2.65000% 19-10.09.24 | 2 000 000.00 | 1 892 907.98 | 1.61 |
| USD	GLP CAPITAL LP / GLP FINANC II INC 3.35000% 19-01.09.24 | 2 000 000.00 | 1 896 042.96 | 1.61 |
| USD	HCA INC-144A 3.12500% 22-15.03.27 | 1 000 000.00 | 885 289.03 | 0.75 |
| USD	KINDER MORGAN INC-144A 5.62500% 13-15.11.23 | 1 000 000.00 | 1 000 370.58 | 0.85 |
| USD	MASSMUTUAL GLOBAL FUNDING II-144A 1.20000% 21-16.07.26 | 1 000 000.00 | 868 501.67 | 0.74 |
| USD	NESTLE HOLDINGS INC-144A 0.62500% 20-15.01.26 | 1 500 000.00 | 1 314 010.60 | 1.12 |
| USD	NETFLIX INC 5.75000% 14-01.03.24 | 750 000.00 | 761 280.00 | 0.65 |
| USD	PARKER-HANNIFIN CORP 4.25000% 22-15.09.27 | 750 000.00 | 714 339.90 | 0.61 |
| USD	PROCTER & GAMBLE CO 2.80000% 20-25.03.27 | 500 000.00 | 465 027.35 | 0.39 |
| USD	SCENTRE GROUP TRUST 1 / 2-144A 3.25000% 15-28.10.25 | 1 000 000.00 | 931 310.50 | 0.79 |
| USD	SCENTRE GROUP TRUST 1 / 2-144A 3.62500% 20-28.01.26 | 1 000 000.00 | 935 905.44 | 0.79 |
| USD	SIEMENS FINANCIERINGSMAATSCH NV-144A 1.20000% 21-11.03.26 | 1 000 000.00 | 872 235.71 | 0.74 |
| USD	UNITED AIRLINES INC-144A 4.37500% 21-15.04.26 | 500 000.00 | 446 250.00 | 0.38 |
| Total USD |  | 22 584 007.95 | 19.19 |
| Total des Billets, taux fixe |  | 22 584 007.95 | 19.19 |
| Billets, taux variable |  |  |  |
| USD |  |  |  |
| USD	BNP PARIBAS-144A 2.219%/VAR 20-09.06.26 | 1 000 000.00 | 899 143.31 | 0.76 |
| USD	ING GROEP NV 3.869%/VAR 22-28.03.26 | 750 000.00 | 711 023.62 | 0.60 |
| Total USD |  | 1 610 166.93 | 1.36 |
| Total des Billets, taux variable |  | 1 610 166.93 | 1.36 |
| Medium-Term Notes, taux fixe |  |  |  |
| USD |  |  |  |
| USD	CREDIT AGRICOLE SA LONDON-144A 4.12500% 17-10.01.27 | 1 000 000.00 | 928 003.50 | 0.79 |
| USD	SOCIETE GENERALE SA-144A 2.62500% 20-22.01.25 | 1 500 000.00 | 1 388 065.22 | 1.18 |
| Total USD |  | 2 316 068.72 | 1.97 |
| Total des Medium-Term Notes, taux fixe |  | 2 316 068.72 | 1.97 |

UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds Sustainable (USD) Rapport annuel et états financiers révisés au 30 septembre 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 fixe |  |  |  |
| USD |  |  |  |
| USD	FIVE CORNERS FUNDING TRUST-144A 4.41900% 13-15.11.23 | 1 000 000.00 | 990 627.31 | 0.84 |
| USD	MACQUARIE BANK LTD-144A-SUB 4.87500% 15-10.06.25 | 1 000 000.00 | 976 597.60 | 0.83 |
| Total USD |  | 1 967 224.91 | 1.67 |
| Total des Obligations, taux fixe |  | 1 967 224.91 | 1.67 |
| Total des Titres et instruments du marché monétaire négociés sur un autre marché réglementé |  | 28 477 468.51 | 24.19 |

Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé
Billets, taux fixe
| USD |  |
| --- | --- |
| USD | CSL FINANCE PLC-144A 3.85000% 22-27.04.27 | 1 000 000.00 | 950 893.20 | 0.81 |
| USD | NXP BV / NXP FUNDING LLC / NXP USA 3.15000% 22-01.05.27 | 1 000 000.00 | 888 410.00 | 0.75 |
| Total USD |  |  | 1 839 303.20 | 1.56 |
| Total des Billets, taux fixe |  | 1 839 303.20 | 1.56 |
| Total des Titres et instruments du marché monétaire non négociés sur une bourse officielle ou un autre marché réglementé |  | 1 839 303.20 | 1.56 |
| Nouvelles émissions de titres et instruments du marché monétaire |  |  |  |
| Billets, taux fixe |  |  |  |
| USD |  |  |  |
| USD	MAGALLANES INC-144A 3.75500% 22-15.03.27 | 750 000.00 | 671 028.38 | 0.57 |
| Total USD |  | 671 028.38 | 0.57 |
| Total des Billets, taux fixe |  | 671 028.38 | 0.57 |
| Medium-Term Notes, taux fixe |  |  |  |
| USD |  |  |  |
| USD	NBN CO LTD-144A 0.87500% 21-08.10.24 | 1 500 000.00 | 1 375 156.20 | 1.17 |
| Total USD |  | 1 375 156.20 | 1.17 |
| Total des Medium-Term Notes, taux fixe |  | 1 375 156.20 | 1.17 |
| Total des Nouvelles émissions de titres et instruments du marché monétaire |  | 2 046 184.58 | 1.74 |
| Total du Portefeuille-titres |  | 113 739 530.11 | 96.63 |

| Instruments dérivés |  |
| --- | --- |
| Instruments dérivés négociés sur une bourse officielle Contrats financiers à terme sur obligations |
|  |  |  |  |
| USD	US 5YR TREASURY NOTE FUTURE 30.12.22 | 15.00 | -41 484.38 | -0.04 |
| Total des Contrats financiers à terme sur obligations |  | -41 484.38 | -0.04 |
| Total des Instruments dérivés négociés sur une bourse officielle |  | -41 484.38 | -0.04 |
| Total des Instruments dérivés |  | -41 484.38 | -0.04 |
| Contrats de change à terme Devise achetée/Montant acheté/Devise vendue/Montant vendu/Date de maturité |  |  |  |

| GBP | 1 569 200.00 | USD | 1 814 516.33 | 18.10.2022 | -62 281.60 | -0.05 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 1 019 000.00 | USD | 1 063 785.36 | 18.10.2022 | -27 174.06 | -0.03 |
| USD | 20 453.36 | GBP | 18 100.00 | 18.10.2022 | 242.14 | 0.00 |
| USD | 16 599.81 | CHF | 16 500.00 | 18.10.2022 | -185.36 | 0.00 |
| USD | 44 859.76 | GBP | 42 000.00 | 18.10.2022 | -2 039.21 | 0.00 |
| USD | 27 200.92 | GBP | 25 000.00 | 18.10.2022 | -715.13 | 0.00 |
| Total des Contrats de change à terme | -92 153.22 | -0.08 |
|  |  |  |
| Avoirs en banque, dépôts à vue et à terme et autres liquidités | 3 400 683.56 | 2.89 |
| Crédit en compte courant et autres engagements à court terme | -9.67 | 0.00 |
| Autres actifs et passifs | 695 066.00 | 0.60 |
| Total de l’Actif net | 117 701 632.40 | 100.00 |

UBS (Lux) SICAV 1 – Medium Term USD Corporate Bonds Sustainable (USD) Rapport annuel et états financiers révisés au 30 septembre 2022