# UBS (Lux) Bond SICAV
– Global Short Term Flexible (USD)
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 31.5.2021 | 31.5.2020 | 31.5.2019 |
| Net assets in USD |  | 270 168 850.14 | 66 508 516.42 | 39 807 002.63 |
| Class F-acc 1 | LU2254328995 |  |  |  |
| Shares outstanding Net asset value per share in USD Issue and redemption price per share in USD 2 |  | - - - | - - - | - - - |
| Class (CAD hedged) F-acc 3 | LU2254328565 |  |  |  |
| Shares outstanding |  | 16 170.5540 | - | - |
| Net asset value per share in CAD |  | 101.12 | - | - |
| Issue and redemption price per share in CAD 2 |  | 101.12 | - | - |
| Class I-A1-acc 3 | LU2254329027 |  |  |  |
| Shares outstanding |  | 63 792.5620 | - | - |
| Net asset value per share in USD |  | 101.04 | - | - |
| Issue and redemption price per share in USD 2 |  | 101.04 | - | - |
| Class (EUR hedged) I-A1-acc 4 | LU2254329704 |  |  |  |
| Shares outstanding |  | 13 691.7250 | - | - |
| Net asset value per share in EUR |  | 100.09 | - | - |
| Issue and redemption price per share in EUR 2 |  | 100.09 | - | - |
| Class I-A3-acc 3 | LU2254329290 |  |  |  |
| Shares outstanding |  | 1 712.9600 | - | - |
| Net asset value per share in USD |  | 101.07 | - | - |
| Issue and redemption price per share in USD 2 |  | 101.07 | - | - |
| Class (EUR hedged) I-A3-acc 4 | LU2254329886 |  |  |  |
| Shares outstanding |  | 2 032.3940 | - | - |
| Net asset value per share in EUR |  | 100.12 | - | - |
| Issue and redemption price per share in EUR 2 |  | 100.12 | - | - |
| Class I-X-acc 3 | LU2254329456 |  |  |  |
| Shares outstanding |  | 212 664.7700 | - | - |
| Net asset value per share in USD |  | 101.23 | - | - |
| Issue and redemption price per share in USD 2 |  | 101.23 | - | - |
| Class (EUR hedged) I-X-acc 5 | LU2073878865 |  |  |  |
| Shares outstanding |  | 24 055.4910 | 54 754.0000 | - |
| Net asset value per share in EUR |  | 100.27 | 99.75 | - |
| Issue and redemption price per share in EUR 2 |  | 100.27 | 99.75 | - |
| Class I-X-UKdist 3 | LU2254329373 |  |  |  |
| Shares outstanding |  | 36 104.1220 | - | - |
| Net asset value per share in USD |  | 101.23 | - | - |
| Issue and redemption price per share in USD 2 |  | 101.23 | - | - |
| Class (EUR hedged) K-1-acc 6 | LU0719382987 |  |  |  |
| Shares outstanding |  | - | 1.1000 | 1.1000 |
| Net asset value per share in EUR |  | - | 3 051 254.40 | 3 053 138.47 |
| Issue and redemption price per share in EUR 2 |  | - | 3 051 254.40 | 3 053 138.47 |
| Class P-acc | LU0659916679 |  |  |  |
| Shares outstanding |  | 672 784.0490 | 31 664.1040 | 64 046.8510 |
| Net asset value per share in USD |  | 89.69 | 86.64 | 84.74 |
| Issue and redemption price per share in USD 2 |  | 89.69 | 86.64 | 84.74 |
| Class (AUD hedged) P-acc 7 | LU1991167542 |  |  |  |
| Shares outstanding |  | 361 287.1380 | 412 627.7010 | - |
| Net asset value per share in AUD |  | 103.96 | 100.93 | - |
| Issue and redemption price per share in AUD 2 |  | 103.96 | 100.93 | - |
| Class (CAD hedged) P-acc 3 | LU2254328649 |  |  |  |
| Shares outstanding |  | 189 764.3110 | - | - |
| Net asset value per share in CAD |  | 100.83 | - | - |
| Issue and redemption price per share in CAD 2 |  | 100.83 | - | - |
| Class (CHF hedged) P-acc | LU0726085425 |  |  |  |
| Shares outstanding |  | 8 612.0930 | 11 960.1580 | 13 493.3710 |
| Net asset value per share in CHF |  | 90.47 | 88.46 | 89.22 |
| Issue and redemption price per share in CHF 2 |  | 90.47 | 88.46 | 89.22 |
| Class (EUR hedged) P-acc | LU0706127809 |  |  |  |
| Shares outstanding |  | 684 033.0110 | 176 193.1270 | 221 918.0080 |
| Net asset value per share in EUR |  | 102.36 | 100.00 | 100.42 |
| Issue and redemption price per share in EUR 2 |  | 102.36 | 100.00 | 100.42 |
| Class P-dist | LU0659904402 |  |  |  |
| Shares outstanding |  | 111 771.1890 | 11 407.0280 | 11 107.4500 |
| Net asset value per share in USD |  | 74.83 | 73.47 | 73.13 |
| Issue and redemption price per share in USD 2 |  | 74.83 | 73.47 | 73.13 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Annual report and audited financial statements as of 31 May 2021
|  | ISIN | 31.5.2021 | 31.5.2020 | 31.5.2019 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class (EUR hedged) P-dist 8 | LU2251373150 |  |  |  |
| Shares outstanding |  | 167 065.5280 | - | - |
| Net asset value per share in EUR |  | 100.92 | - | - |
| Issue and redemption price per share in EUR 2 |  | 100.92 | - | - |
| Class Q-acc 3 | LU2254329530 |  |  |  |
| Shares outstanding |  | 29 066.6480 | - | - |
| Net asset value per share in USD |  | 100.96 | - | - |
| Issue and redemption price per share in USD 2 |  | 100.96 | - | - |
| Class (AUD hedged) Q-acc 7 | LU1991167898 |  |  |  |
| Shares outstanding |  | 20 310.1550 | 41 960.3070 | - |
| Net asset value per share in AUD |  | 104.65 | 101.25 | - |
| Issue and redemption price per share in AUD 2 |  | 104.65 | 101.25 | - |
| Class (CAD hedged) Q-acc 3 | LU2254328722 |  |  |  |
| Shares outstanding |  | 26 613.9770 | - | - |
| Net asset value per share in CAD |  | 101.00 | - | - |
| Issue and redemption price per share in CAD 2 |  | 101.00 | - | - |
| Class (EUR hedged) Q-acc | LU0718864688 |  |  |  |
| Shares outstanding |  | 26 949.4220 | 17 198.9220 | 33 321.5820 |
| Net asset value per share in EUR |  | 104.85 | 102.10 | 102.18 |
| Issue and redemption price per share in EUR 2 |  | 104.85 | 102.10 | 102.18 |
| Class Q-dist 3 | LU2254329613 |  |  |  |
| Shares outstanding |  | 6 064.2940 | - | - |
| Net asset value per share in USD |  | 100.96 | - | - |
| Issue and redemption price per share in USD 2 |  | 100.96 | - | - |
| Class (EUR hedged) Q-dist 4 | LU2254329969 |  |  |  |
| Shares outstanding |  | 4 638.0210 | - | - |
| Net asset value per share in EUR |  | 100.00 | - | - |
| Issue and redemption price per share in EUR 2 |  | 100.00 | - | - |
| 1  For the period from 1.12.2020 to 15.1.2021 the share class F-acc was 2  See note 1 3  First NAV: 1.12.2020 4  First NAV: 15.12.2020 | in circulation |  |  |  |

5 
For the period from 13.11.2019 to 16.11.2020 the share class (EUR hedged) I-X-acc was in circulation - reactivated 15.12.2020
6 
The share class (EUR hedged) K-1-acc was in circulation until 18.5.2021
7 
First NAV: 14.6.2019
8 
First NAV: 5.11.2020
| Performance |  |
| --- | --- |
|  | Currency | 2020/2021 | 2019/2020 | 2018/2019 |
| Class F-acc 1 | USD | - | - | - |
| Class (CAD hedged) F-acc 2 | CAD | - | - | - |
| Class I-A1-acc 2 | USD | - | - | - |
| Class (EUR hedged) I-A1-acc 2 | EUR | - | - | - |
| Class I-A3-acc 2 | USD | - | - | - |
| Class (EUR hedged) I-A3-acc 2 | EUR | - | - | - |
| Class I-X-acc 2 | USD | - | - | - |
| Class (EUR hedged) I-X-acc 3 | EUR | - | - | - |
| Class I-X-UKdist 2 | USD | - | - | - |
| Class (EUR hedged) K-1-acc 4 | EUR | - | -0.1% | N/A 5 |
| Class P-acc | USD | 3.5% | 2.2% | N/A 5 |
| Class (AUD hedged) P-acc | AUD | 3.0% | - | - |
| Class (CAD hedged) P-acc 2 | CAD | - | - | - |
| Class (CHF hedged) P-acc | CHF | 2.3% | -0.9% | N/A 5 |
| Class (EUR hedged) P-acc | EUR | 2.4% | -0.4% | N/A 5 |
| Class P-dist | USD | 3.5% | 2.2% | N/A 5 |
| Class (EUR hedged) P-dist 2 | EUR | - | - | - |
| Class Q-acc 2 | USD | - | - | - |
| Class (AUD hedged) Q-acc | AUD | 3.4% | - | - |
| Class (CAD hedged) Q-acc 2 | CAD | - | - | - |
| Class (EUR hedged) Q-acc | EUR | 2.7% | -0.1% | N/A 5 |
| Class Q-dist 2 | USD | - | - | - |
| Class (EUR hedged) Q-dist 2 | EUR | - | - | - |
| Benchmark Bloomberg Barclays Global Aggregate 1-3 years TR | USD | 0.8% | 3.5% | 0.1% |
| Bloomberg Barclays Global Aggregate 1-3 years TR (hedged CAD) | CAD | - | - | - |
| Bloomberg Barclays Global Aggregate 1-3 years TR (hedged EUR) | EUR | -0.0% | 1.0% | 1.6% |
| Bloomberg Barclays Global Aggregate 1-3 years TR (hedged AUD) | AUD | 0.6% | - | - |
| Bloomberg Barclays Global Aggregate 1-3 years TR (hedged CHF) | CHF | -0.3% | 0.6% | -0.1% |

1 
For the period from 1.12.2020 to 15.1.2021 the share class F-acc was in circulation. Due to this fact, there is no data for the calculation of the performance available.
2 
Due to the recent launch, there is no data for the calculation of the performance available.
3 
For the period from 13.11.2019 to 16.11.2020 the share class (EUR hedged) I-X-acc was in circulation - reactivated 15.12.2020. Due to this fact, there is no data for the calculation of the performance available.
4 
The share class (EUR hedged) K-1-acc was in circulation until 18.5.2021. Due to this fact, there is no data for the calculation of the performance available.
5 
Due to the strategy change End of November 2018 no performance figures are given for the fiscal year 2018/2019.
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 Short Term Flexible (USD)
Annual report and audited financial statements as of 31 May 2021

## Report of the Portfolio Manager
Much of the financial year, from 1 June 2020 to 31 May 2021, is characterized by the effects of loose monetary policy central banks continued to run in order to support global economy emerging from a pandemic. Corporate credit sectors performed especially well with spreads grinding tighter to post financial crisis lows. In govern- ment bond markets investors started looking ahead at the effects of loose monetary policy and at the begin- ning of 2021 inflation fears became a concern as vac- cines started to be rolled out globally. This has lead to market pricing in an inflation overshoot and an earlier tapering than communicated as government bond yields rose substantially.
The subfund posted a positive return both in absolute terms and versus Barclays Global Aggregate 1-3 years TR (USD hedged). Within duration management markets where we were underweight duration contributed to performance, such as UK and Poland, as well as expo- sure to India and China. Our exposure to credit sectors, particularly EMD and High Yield also contributed, as spreads tightened. Within currencies our preference for Emerging Market currencies was a contributor, as these recovered from Q1 2020 turmoil. Overall we expect government bond yields to remain around their current levels and therefore prefer holding duration in countries with attractive yield pick up and where central banks are in the process of pursuing easy monetary policy in order to bring inflation up to their medium-term targets. Addi- tionally, we own Corporates, as these continue to benefit from various central bank purchase programs, although we are cautious and selective.

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| United States | 17.45 |
| --- | --- |
| Italy | 10.68 |
| Germany | 10.38 |
| France | 7.54 |
| New Zealand | 5.34 |
| United Kingdom | 4.24 |
| Mexico | 3.84 |
| The Netherlands | 3.37 |
| Slovenia | 2.54 |
| Spain | 2.42 |
| South Africa | 2.27 |
| Luxembourg | 2.03 |
| Russian Federation (CIS) | 1.98 |
| Canada | 1.97 |
| Belgium | 1.39 |
| Cayman Islands | 1.12 |

Geographical Breakdown as a % of net assets (Cont.)	
| Japan | 1.12 |
| --- | --- |
| United Arab Emirates | 0.93 |
| Venezuela | 0.91 |
| Colombia | 0.90 |
| Portugal | 0.90 |
| Australia | 0.85 |
| Jersey | 0.73 |
| Ireland | 0.71 |
| Qatar | 0.64 |
| Switzerland | 0.60 |
| Finland | 0.59 |
| Kuwait | 0.56 |
| Kazakhstan | 0.55 |
| China | 0.50 |
| Sweden | 0.48 |
| Saudi Arabia | 0.47 |
| Indonesia | 0.46 |
| Iceland | 0.38 |
| Czech Republic | 0.37 |
| Peru | 0.36 |
| Guatemala | 0.36 |
| Mongolia | 0.34 |
| Nigeria | 0.34 |
| Ghana | 0.34 |
| Turkey | 0.33 |
| Kenya | 0.33 |
| Uzbekistan | 0.32 |
| British Virgin Islands | 0.31 |
| Romania | 0.29 |
| Oman | 0.27 |
| Costa Rica | 0.26 |
| Poland | 0.25 |
| Egypt | 0.24 |
| Mauritius | 0.23 |
| Norway | 0.21 |
| India | 0.20 |
| Ukraine | 0.20 |
| Morocco | 0.18 |
| Bermuda | 0.18 |
| Chile | 0.11 |
| Uruguay | 0.08 |
| Hong Kong | 0.08 |
| Brazil | 0.08 |
| Singapore | 0.07 |
| Thailand | 0.07 |
| Sri Lanka | 0.05 |
| Denmark | 0.05 |
| Total | 97.34 |

Economic Breakdown as a % of net assets	
| Countries & central governments | 59.43 |
| --- | --- |
| Finance & holding companies | 11.29 |
| Banks & credit institutions | 9.88 |
| Mortgage & funding institutions | 2.12 |
| Telecommunications | 2.10 |
| Petroleum | 1.82 |
| Supranational organisations | 1.58 |
| Cantons, federal states | 1.44 |
| Energy & water supply | 1.12 |
| Traffic & transportation | 1.11 |
| Vehicles | 0.73 |
| Real Estate | 0.54 |
| Pharmaceuticals, cosmetics & medical products | 0.50 |
| Building industry & materials | 0.47 |
| Internet, software & IT services | 0.44 |
| Retail trade, department stores | 0.43 |
| Healthcare & social services | 0.40 |
| Computer hardware & network equipment providers | 0.39 |
| Insurance | 0.29 |
| Miscellaneous unclassified companies | 0.27 |
| Mining, coal & steel | 0.24 |
| Cities & municipal authorities | 0.19 |
| Textiles, garments & leather goods | 0.14 |
| Aerospace industry | 0.12 |
| Miscellaneous services | 0.11 |
| Chemicals | 0.08 |
| Tobacco & alcohol | 0.07 |
| Electrical devices & components | 0.03 |
| Investment funds | 0.01 |
| Total | 97.34 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Annual report and audited financial statements as of 31 May 2021

## Statement of Net Assets
Assets	31.5.2021
USD
Investments in securities, cost	260 972 055.85
| Investments in securities, unrealized appreciation (depreciation) | 	2 020 805.62	 |
| --- | --- |
| Total investments in securities (Note 1) | 262 992 861.47 |
| Cash at banks, deposits on demand and deposit accounts | 9 408 731.45 |
| Other liquid assets (Margins) | 1 055 101.72 |
| Receivable on securities sales (Note 1) | 355.15 |
| Receivable on subscriptions | 43 362.58 |
| Interest receivable on securities | 1 888 824.13 |
| Interest receivable on liquid assets | 571.72 |
| Other receivables | 286 192.26 |
| Unrealized gain on financial futures (Note 1) | 167 749.12 |
| Unrealized gain on swaps (Note 1) | 1 344 979.41 |
| Total Assets | 277 188 729.01 |
|  |  |
| Liabilities |  |
| Unrealized loss on forward foreign exchange contracts (Note 1) | -3 810 006.77 |
| Bank overdraft | -1 675 254.13 |
| Payable on securities purchases (Note 1) | -1 009 997.94 |
| Payable on redemptions | -237 583.13 |
| Provisions for flat fee (Note 2) | -252 913.70 |
| Provisions for taxe d’abonnement (Note 3) | -20 088.83 |
| Provisions for other commissions and fees (Note 2) | 	-14 034.37	 |
| Total provisions | -287 036.90 |
| Total Liabilities | -7 019 878.87 |
|  |  |
| Net assets at the end of the financial year | 270 168 850.14 |
| Statement of Operations | USD |
| Income | 1.6.2020-31.5.2021 |
| Interest on liquid assets | 17 558.14 |
| Interest on securities | 4 256 234.77 |
| Dividends | 205.91 |
| Interest received on swaps (Note 1) | 1 015 183.09 |
| Income on securities lending (Note 16) | 68 401.47 |
| Other income (Note 4) | 16 390.30 |
| Total income | 5 373 973.68 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -740 020.82 |
| Flat fee (Note 2) | -1 258 955.12 |
| Taxe d’abonnement (Note 3) | -75 937.98 |
| Cost on securities lending (Note 16) | -27 360.59 |
| Other commissions and fees (Note 2) | -13 792.10 |
| Interest on cash and bank overdraft | -6 624.65 |
| Total expenses | -2 122 691.26 |
|  |  |
| Net income (loss) on investments | 3 251 282.42 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 577 874.15 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | -1 719.31 |
| Realized gain (loss) on financial futures | 572 416.90 |
| Realized gain (loss) on forward foreign exchange contracts | 5 728 190.92 |
| Realized gain (loss) on swaps | 818 873.24 |
| Realized gain (loss) on foreign exchange | 2 519 290.60 |
| Total realized gain (loss) | 10 214 926.50 |
|  |  |
| Net realized gain (loss) of the financial year | 13 466 208.92 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 3 745 899.96 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | -569 725.82 |
| Unrealized appreciation (depreciation) on financial futures | 176 737.35 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -4 959 629.75 |
| Unrealized appreciation (depreciation) on swaps | 797 209.67 |
| Total changes in unrealized appreciation (depreciation) | -809 508.59 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 12 656 700.33 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD)
Annual report and audited financial statements as of 31 May 2021
| Changes in Net Assets |  |
| --- | --- |
|  | USD |
|  | 1.6.2020-31.5.2021 |
| Net assets at the beginning of the financial year | 66 508 516.42 |
| Subscriptions | 242 060 826.41 |
| Redemptions | 	-51 043 504.59	 |
| Total net subscriptions (redemptions) | 191 017 321.82 |
| Dividend paid | -13 688.43 |
| Net income (loss) on investments | 3 251 282.42 |
| Total realized gain (loss) | 10 214 926.50 |
| Total changes in unrealized appreciation (depreciation) | 	-809 508.59	 |
| Net increase (decrease) in net assets as a result of operations | 12 656 700.33 |
| Net assets at the end of the financial year | 270 168 850.14 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2020-31.5.2021 |
| Class | F-acc |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 1 871.1340 |
| Number of shares redeemed | -1 871.1340 |
| Number of shares outstanding at the end of the financial year | 0.0000 |
| Class | (CAD hedged) F-acc |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 16 310.8140 |
| Number of shares redeemed | -140.2600 |
| Number of shares outstanding at the end of the financial year | 16 170.5540 |
| Class | I-A1-acc |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 84 848.1120 |
| Number of shares redeemed | -21 055.5500 |
| Number of shares outstanding at the end of the financial year | 63 792.5620 |
| Class | (EUR hedged) I-A1-acc |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 25 773.2000 |
| Number of shares redeemed | -12 081.4750 |
| Number of shares outstanding at the end of the financial year | 13 691.7250 |
| Class | I-A3-acc |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 3 905.8320 |
| Number of shares redeemed | -2 192.8720 |
| Number of shares outstanding at the end of the financial year | 1 712.9600 |
| Class | (EUR hedged) I-A3-acc |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 2 032.3940 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the financial year | 2 032.3940 |
| Class | I-X-acc |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 212 664.7700 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the financial year | 212 664.7700 |
| Class | (EUR hedged) I-X-acc |
| Number of shares outstanding at the beginning of the financial year | 54 754.0000 |
| Number of shares issued | 24 155.9640 |
| Number of shares redeemed | -54 854.4730 |
| Number of shares outstanding at the end of the financial year | 24 055.4910 |
| Class | I-X-UKdist |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 36 104.1220 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the financial year | 36 104.1220 |
| Class | (EUR hedged) K-1-acc |
| Number of shares outstanding at the beginning of the financial year | 1.1000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -1.1000 |
| Number of shares outstanding at the end of the financial year | 0.0000 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the financial year | 31 664.1040 |
| Number of shares issued | 733 085.3640 |
| Number of shares redeemed | -91 965.4190 |
| Number of shares outstanding at the end of the financial year | 672 784.0490 |
| Class | (AUD hedged) P-acc |
| Number of shares outstanding at the beginning of the financial year | 412 627.7010 |
| Number of shares issued | 13 411.5420 |
| Number of shares redeemed | -64 752.1050 |
| Number of shares outstanding at the end of the financial year | 361 287.1380 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Annual report and audited financial statements as of 31 May 2021
| Class | (CAD hedged) P-acc |
| --- | --- |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 209 883.8330 |
| Number of shares redeemed | -20 119.5220 |
| Number of shares outstanding at the end of the financial year | 189 764.3110 |
| Class | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the financial year | 11 960.1580 |
| Number of shares issued | 429.6010 |
| Number of shares redeemed | -3 777.6660 |
| Number of shares outstanding at the end of the financial year | 8 612.0930 |
| Class | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the financial year | 176 193.1270 |
| Number of shares issued | 618 556.9680 |
| Number of shares redeemed | -110 717.0840 |
| Number of shares outstanding at the end of the financial year | 684 033.0110 |
| Class | P-dist |
| Number of shares outstanding at the beginning of the financial year | 11 407.0280 |
| Number of shares issued | 111 095.0830 |
| Number of shares redeemed | -10 730.9220 |
| Number of shares outstanding at the end of the financial year | 111 771.1890 |
| Class | (EUR hedged) P-dist |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 191 050.4180 |
| Number of shares redeemed | -23 984.8900 |
| Number of shares outstanding at the end of the financial year | 167 065.5280 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 34 898.4870 |
| Number of shares redeemed | -5 831.8390 |
| Number of shares outstanding at the end of the financial year | 29 066.6480 |
| Class | (AUD hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year | 41 960.3070 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -21 650.1520 |
| Number of shares outstanding at the end of the financial year | 20 310.1550 |
| Class | (CAD hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 30 192.0930 |
| Number of shares redeemed | -3 578.1160 |
| Number of shares outstanding at the end of the financial year | 26 613.9770 |
| Class | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year | 17 198.9220 |
| Number of shares issued | 18 008.8500 |
| Number of shares redeemed | -8 258.3500 |
| Number of shares outstanding at the end of the financial year | 26 949.4220 |
| Class | Q-dist |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 6 740.3100 |
| Number of shares redeemed | -676.0160 |
| Number of shares outstanding at the end of the financial year | 6 064.2940 |
| Class | (EUR hedged) Q-dist |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 6 183.6770 |
| Number of shares redeemed | -1 545.6560 |
| Number of shares outstanding at the end of the financial year | 4 638.0210 |

| Annual Distribution 1 |  |
| --- | --- |
| UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| P-dist | 3.8.2020 | 6.8.2020 | USD | 1.20 |
| 1  See note 5 |  |  |  |  |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD)
Annual report and audited financial statements as of 31 May 2021

## Statement of Investments in Securities and other Net Assets as of 31 May 2021
| 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 |  |  |  |
| AUD |  |  |  |
| AUD	AT&T INC 3.45000% 18-19.09.23 | 1 000 000.00 | 820 245.30 | 0.30 |
| Total AUD |  | 820 245.30 | 0.30 |
| CAD |  |  |  |
| CAD	BRITISH COLUMBIA, PROVINCE OF 3.30000% 13-18.12.23 | 1 000 000.00 | 885 199.90 | 0.33 |
| Total CAD |  | 885 199.90 | 0.33 |
| EUR |  |  |  |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 8.00000% 19-15.05.27 | 100 000.00 | 131 553.71 | 0.05 |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 400 000.00 | 520 549.59 | 0.19 |
| EUR	BNG BANK NV-REG-S 0.05000% 20-02.04.25 | 520 000.00 | 647 077.04 | 0.24 |
| EUR	CORP ANDINA DE FOMENTO-REG-S 0.25000% 21-04.02.26 | 630 000.00 | 769 037.06 | 0.28 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 3.37500% 20-27.03.25 | 300 000.00 | 411 118.50 | 0.15 |
| EUR	LOXAM SAS-REG-S 3.75000% 19-15.07.26 | 200 000.00 | 248 858.18 | 0.09 |
| EUR	MERCK & CO INC 1.12500% 14-15.10.21 | 100 000.00 | 122 485.07 | 0.05 |
| EUR	PHILIP MORRIS INTERNATIONAL INC 2.87500% 12-30.05.24 | 100 000.00 | 132 883.23 | 0.05 |
| EUR	SOFTBANK GROUP CORP-REG-S 5.00000% 18-15.04.28 | 100 000.00 | 138 846.48 | 0.05 |
| EUR	TELE COLUMBUS AG-REG-S 3.87500% 18-02.05.25 | 350 000.00 | 436 762.50 | 0.16 |
| EUR	TRITAX EUROBOX PLC-REG-S 0.95000% 21-02.06.26 | 150 000.00 | 182 327.79 | 0.07 |
| EUR	UKRAINE, GOVERNMENT OF-REG-S 4.37500% 20-27.01.30 | 300 000.00 | 343 136.73 | 0.13 |
| EUR	UNILABS SUBHOLDING AB-REG-S 5.75000% 17-15.05.25 | 100 000.00 | 124 098.98 | 0.05 |
| EUR	VANTAGE TOWERS AG-REG-S 0.37500% 21-31.03.27 | 200 000.00 | 242 818.29 | 0.09 |
| Total EUR |  | 4 451 553.15 | 1.65 |
| GBP |  |  |  |
| GBP	CPUK FINANCE LTD-REG-S 4.50000% 21-28.08.27 | 110 000.00 | 157 214.50 | 0.06 |
| Total GBP |  | 157 214.50 | 0.06 |
| USD |  |  |  |
| USD	ABU DHABI,GOVERNMENT OF-REG-S 2.50000% 17-11.10.22 | 2 430 000.00 | 2 501 836.88 | 0.93 |
| USD	ADOBE INC 1.70000% 20-01.02.23 | 150 000.00 | 153 705.68 | 0.06 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.50000% 20-15.09.23 | 150 000.00 | 161 146.06 | 0.06 |
| USD	AERCAP IRELAND CAP/ GLBL AVIATION TRUST 6.50000% 20-15.07.25 | 600 000.00 | 702 895.50 | 0.26 |
| USD	ALTRIA GROUP INC 4.40000% 19-14.02.26 | 52 000.00 | 59 040.84 | 0.02 |
| USD	AMBER CIRCLE FUNDING LTD-REG-S 3.25000% 12-04.12.22 | 200 000.00 | 206 975.00 | 0.08 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 100 000.00 | 105 103.83 | 0.04 |
| USD	APPLE INC 1.80000% 19-11.09.24 | 100 000.00 | 104 303.65 | 0.04 |
| USD	BARCLAYS PLC 3.20000% 16-10.08.21 | 740 000.00 | 744 169.33 | 0.28 |
| USD	BAT CAPITAL CORP 3.22200% 18-15.08.24 | 600 000.00 | 638 895.40 | 0.24 |
| USD	BERKSHIRE HATHAWAY ENERGY CO 2.80000% 18-15.01.23 | 100 000.00 | 103 975.78 | 0.04 |
| USD	BOEING CO/THE 2.19600% 21-04.02.26 | 270 000.00 | 271 154.43 | 0.10 |
| USD	BPCE SA-REG-S 4.00000% 18-12.09.23 | 1 640 000.00 | 1 765 729.11 | 0.65 |
| USD	BRAZIL, FEDERATIVE REPUBLIC OF 2.62500% 12-05.01.23 | 200 000.00 | 206 350.00 | 0.08 |
| USD	BRISTOL-MYERS SQUIBB CO 2.60000% 20-16.05.22 | 100 000.00 | 102 332.32 | 0.04 |
| USD	CANADIAN NATURAL RESOURCES LTD 3.85000% 17-01.06.27 | 200 000.00 | 221 030.16 | 0.08 |
| USD	CHEVRON CORP 1.14100% 20-11.05.23 | 160 000.00 | 162 677.86 | 0.06 |
| USD	CHILE, REPUBLIC OF 2.25000% 12-30.10.22 | 300 000.00 | 306 712.50 | 0.11 |
| USD	CITIGROUP INC 2.75000% 17-25.04.22 | 150 000.00 | 153 056.33 | 0.06 |
| USD	CNOOC FINANCE 2012 LTD-REG-S 3.87500% 12-02.05.22 | 200 000.00 | 205 537.50 | 0.08 |
| USD	CNPC GENERAL CAPITAL LTD-REG-S 3.40000% 13-16.04.23 | 600 000.00 | 628 612.50 | 0.23 |
| USD	CORPORACION ANDINA DE FOMENTO 2.12500% 16-27.09.21 | 1 790 000.00 | 1 798 072.90 | 0.67 |
| USD	COSTA RICA, REPUBLIC OF-REG-S 4.25000% 12-26.01.23 | 700 000.00 | 711 506.25 | 0.26 |
| USD	CVS HEALTH CORP 2.62500% 19-15.08.24 | 90 000.00 | 95 556.56 | 0.03 |
| USD	DIAGEO CAPITAL PLC 2.12500% 19-24.10.24 | 200 000.00 | 210 126.35 | 0.08 |
| USD	DIAMONDBACK ENERGY INC 2.87500% 19-01.12.24 | 660 000.00 | 701 834.25 | 0.26 |
| USD	DOMINION ENERGY INC 2.00000% 16-15.08.21 | 70 000.00 | 70 143.42 | 0.03 |
| USD	EGYPT, REPUBLIC OF-REG-S 5.25000% 20-06.10.25 | 600 000.00 | 635 062.50 | 0.23 |
| USD	ENEL FINANCE INTERNATIONAL NV-REG-S 2.87500% 17-25.05.22 | 750 000.00 | 768 058.32 | 0.28 |
| USD	ENERGY TRANSFER LP 4.50000% 19-15.04.24 | 100 000.00 | 109 577.08 | 0.04 |
| USD	EQT CORP 3.90000% 17-01.10.27 | 290 000.00 | 309 691.00 | 0.11 |
| USD	EXXON MOBIL CORP 1.90200% 19-16.08.22 | 120 000.00 | 122 489.54 | 0.04 |
| USD	FORD MOTOR CO 9.00000% 20-22.04.25 | 450 000.00 | 549 796.50 | 0.20 |
| USD	FORD MOTOR CREDIT CO LLC 4.37500% 13-06.08.23 | 300 000.00 | 315 564.00 | 0.12 |
| USD	GAZ CAPITAL SA/GAZPROM-REG-S LPN 6.51000% 07-07.03.22 | 530 000.00 | 552 955.62 | 0.20 |
| USD	GENERAL MOTORS CO 6.12500% 20-01.10.25 | 400 000.00 | 475 509.91 | 0.18 |
| USD	GHANA GOVT INTNL BOND-REG-S 6.37500% 20-11.02.27 | 900 000.00 | 905 793.75 | 0.33 |
| USD	GLENCORE FUNDING LLC-REG-S 4.12500% 19-12.03.24 | 600 000.00 | 649 663.33 | 0.24 |
| USD	GOLDMAN SACHS GROUP INC 3.50000% 20-01.04.25 | 150 000.00 | 163 539.98 | 0.06 |
| USD	GUATEMALA, REPUBLIC OF-REG-S 4.37500% 17-05.06.27 | 900 000.00 | 976 668.76 | 0.36 |
| USD	HONEYWELL INTERNATIONAL INC 2.15000% 19-08.08.22 | 50 000.00 | 51 115.41 | 0.02 |
| USD	IHS NETHERLANDS HOLDCO BV-REG-S 7.12500% 19-18.03.25 | 450 000.00 | 469 068.75 | 0.17 |
| USD	IMPERIAL BRANDS FINANCE PLC-REG-S 3.12500% 19-26.07.24 | 1 000 000.00 | 1 060 700.15 | 0.39 |
| USD	INDONESIA, REPUBLIC OF-REG-S 3.75000% 12-25.04.22 | 600 000.00 | 616 612.50 | 0.23 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 2.85000% 19-13.05.22 | 350 000.00 | 358 895.62 | 0.13 |
| USD	KENYA, REPUBLIC OF-REG-S 6.87500% 14-24.06.24 | 800 000.00 | 888 150.00 | 0.33 |
| USD	MEITUAN DIANPING-REG-S 3.05000% 20-28.10.30 | 700 000.00 | 676 396.00 | 0.25 |
| USD	MOROCCO, KINGDOM OF-REG-S 2.37500% 20-15.12.27 | 500 000.00 | 487 968.75 | 0.18 |
| USD	MPLX LP 1.75000% 20-01.03.26 | 200 000.00 | 202 651.11 | 0.07 |
| USD	MTN MAURITIUS INVESTMENTS LTD-REG-S 5.37300% 16-13.02.22 | 600 000.00 | 614 737.50 | 0.23 |
| USD	NATIONAL BANK OF UZBEKISTAN-REG-S 4.85000% 20-21.10.25 | 333 000.00 | 347 319.00 | 0.13 |
| USD	NATWEST GROUP PLC 3.87500% 16-12.09.23 | 630 000.00 | 676 380.60 | 0.25 |
| USD	NIGERIA, FEDERAL REPUBLIC OF-REG-S 7.62500% 18-21.11.25 | 800 000.00 | 909 150.00 | 0.34 |
| USD	OMAN GOVT INTERNATIONAL BOND-REG-S 4.75000% 16-15.06.26 | 500 000.00 | 515 562.50 | 0.19 |
| USD	OMAN GOVT INTERNATIONAL BOND-REG-S 4.12500% 18-17.01.23 | 200 000.00 | 205 850.00 | 0.08 |
| USD	ONCOR ELECTRIC DELIVERY CO 2.75000% 19-01.06.24 | 110 000.00 | 116 927.69 | 0.04 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Annual report and audited financial statements as of 31 May 2021
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| USD | ORBIA ADVANCE CORP SAB DE CV-REG-S 1.87500% 21-11.05.26 | 800 000.00 | 801 640.00 | 0.30 |
| USD | PEGASUS HAVA TASIMACILIGI AS-REG-S 9.25000% 21-30.04.26 | 265 000.00 | 272 287.50 | 0.10 |
| USD | PERTAMINA PT-REG-S 4.30000% 13-20.05.23 | 600 000.00 | 637 350.00 | 0.24 |
| USD | QATAR, STATE OF-REG-S 3.87500% 18-23.04.23 | 1 630 000.00 | 1 736 255.63 | 0.64 |
| USD | SANTOS FINANCE LTD-REG-S 3.64900% 21-29.04.31 | 320 000.00 | 321 456.10 | 0.12 |
| USD | SASOL FINANCING USA LLC 5.87500% 18-27.03.24 | 400 000.00 | 428 450.00 | 0.16 |
| USD | SAUDI ARABIAN OIL CO-REG-S 1.62500% 20-24.11.25 | 200 000.00 | 202 500.00 | 0.07 |
| USD | SHIMAO PROPERTY HOLDINGS LTD-REG-S 3.45000% 21-11.01.31 | 200 000.00 | 189 250.00 | 0.07 |
| USD | SOUTH AFRICA, REPUBLIC OF 5.87500% 07-30.05.22 | 400 000.00 | 419 950.00 | 0.16 |
| USD | SOUTHWEST AIRLINES CO 4.75000% 20-04.05.23 | 100 000.00 | 107 822.90 | 0.04 |
| USD | SOUTHWESTERN ELECTRIC POWER 3.55000% 12-15.02.22 | 130 000.00 | 131 922.60 | 0.05 |
| USD | SPRINT CORP 7.87500% 14-15.09.23 | 350 000.00 | 396 588.50 | 0.15 |
| USD | SRI LANKA, DEMOCRATIC REP OF-REG-S 6.85000% 19-14.03.24 | 200 000.00 | 148 350.00 | 0.05 |
| USD | TEVA PHARMACEUTICAL FINANCE NL III BV 2.20000% 16-21.07.21 | 26 000.00 | 25 923.62 | 0.01 |
| USD | TRUIST FINANCIAL CORP 2.70000% 16-27.01.22 | 50 000.00 | 50 722.14 | 0.02 |
| USD | UKRAINE, GOVERNMENT OF-REG-S 7.75000% 15-01.09.21 | 200 000.00 | 202 237.50 | 0.07 |
| USD | UNITED RENTALS NORTH AMERICA INC 3.87500% 19-15.11.27 | 200 000.00 | 210 242.00 | 0.08 |
| USD | URUGUAY, REPUBLIC OF 4.50000% 13-14.08.24 | 200 000.00 | 217 100.00 | 0.08 |
| USD | UZBEK INDUSTRIAL AND CONS ATB-REG-S 5.75000% 19-02.12.24 | 500 000.00 | 527 906.25 | 0.20 |
| USD | VEB FINANCE PLC-REG-S LPN 5.94200% 13-21.11.23 | 600 000.00 | 655 800.00 | 0.24 |
| USD | VERIZON COMMUNICATIONS INC 1.45000% 21-20.03.26 | 640 000.00 | 646 237.00 | 0.24 |
| USD | VISTRA OPERATIONS CO LLC-144A 4.37500% 21-01.05.29 | 85 000.00 | 85 495.97 | 0.03 |
| USD | WALT DISNEY CO 1.75000% 19-30.08.24 | 100 000.00 | 103 563.63 | 0.04 |
| USD | WESTPAC BANKING CORP 2.80000% 17-11.01.22 | 100 000.00 | 101 611.76 | 0.04 |
| USD | WESTPAC BANKING CORP 2.00000% 20-13.01.23 | 75 000.00 | 77 138.47 | 0.03 |
| Total USD |  |  | 36 522 137.83 | 13.52 |
| Total Notes, fixed rate |  | 42 836 350.68 | 15.86 |
| Notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	ABANCA CORP BANCARIA SA-REG-S-SUB VAR 21-PRP | 200 000.00 | 257 062.16 | 0.10 |
| EUR	MORGAN STANLEY 0.406%VAR 21-29.10.27 | 600 000.00 | 732 535.10 | 0.27 |
| EUR	RAKUTEN GROUP INC-REG-S-SUB 4.250%VAR 21-PRP | 440 000.00 | 549 795.23 | 0.20 |
| EUR	WINTERSHALL DEA FINANCE 2BV-REG-S-SUB 3.000%/VAR 21-PRP | 500 000.00 | 596 261.95 | 0.22 |
| Total EUR |  | 2 135 654.44 | 0.79 |
| USD |  |  |  |
| USD	ALLIANZ SE-REG-S-SUB 3.500%/VAR 20-PRP | 200 000.00 | 205 124.00 | 0.07 |
| USD	STANDARD CHARTERED PLC-REG-S 2.819%/VAR 20-30.01.26 | 1 300 000.00 | 1 369 585.62 | 0.51 |
| Total USD |  | 1 574 709.62 | 0.58 |
| Total Notes, floating rate |  | 3 710 364.06 | 1.37 |
| Medium term notes, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	APPLE INC-REG-S 3.70000% 15-28.08.22 | 500 000.00 | 403 605.15 | 0.15 |
| AUD	AUSGRID FINANCE PTY LTD-REG-S 3.75000% 17-30.10.24 | 100 000.00 | 83 461.94 | 0.03 |
| AUD	CORPORACION ANDINA DE FOMENTO 4.50000% 15-05.06.25 | 550 000.00 | 463 876.94 | 0.17 |
| AUD	GENERAL MOTORS FINANCIAL CO INC 3.85000% 19-21.02.23 | 500 000.00 | 405 400.95 | 0.15 |
| AUD	LLOYDS BANKING GROUP 3.65000% 17-20.03.23 | 500 000.00 | 406 999.36 | 0.15 |
| AUD	VERIZON COMMUNICATIONS INC 3.50000% 17-17.02.23 | 500 000.00 | 405 486.09 | 0.15 |
| AUD	WESTPAC BANKING CORP 3.25000% 18-16.11.23 | 500 000.00 | 412 851.18 | 0.16 |
| Total AUD |  | 2 581 681.61 | 0.96 |
| EUR |  |  |  |
| EUR	AEROPORTI DI ROMA SPA-REG-S 1.75000% 21-30.07.31 | 215 000.00 | 261 314.88 | 0.10 |
| EUR	AKELIUS RESIDENTIAL PROPERTY AB-REG-S 1.75000% 17-07.02.25 | 300 000.00 | 386 976.06 | 0.14 |
| EUR	BANCO DE SABADELL SA-REG-S-SUB 2.50000% 21-15.04.31 | 400 000.00 | 490 165.27 | 0.18 |
| EUR	BARCLAYS PLC-REG-S 1.87500% 16-08.12.23 | 500 000.00 | 641 262.38 | 0.24 |
| EUR	BAT INTERNATIONAL FINANCE PLC-REG-S 0.87500% 15-13.10.23 | 100 000.00 | 124 298.51 | 0.05 |
| EUR	BNP PARIBAS-REG-S 1.12500% 18-22.11.23 | 100 000.00 | 126 110.97 | 0.05 |
| EUR	BPCE SA-REG-S 1.12500% 17-18.01.23 | 400 000.00 | 499 169.75 | 0.18 |
| EUR	CELLNEX FINANCE CO SA-REG-S 1.50000% 21-08.06.28 | 400 000.00 | 486 233.23 | 0.18 |
| EUR	CEZ AS 4.87500% 10-16.04.25 | 700 000.00 | 1 013 278.83 | 0.38 |
| EUR	COMMERZBANK AG-REG-S 0.50000% 18-28.08.23 | 30 000.00 | 37 200.35 | 0.01 |
| EUR	CORPORACION ANDINA DE FOMENTO-REG-S 0.50000% 17-25.01.22 | 1 000 000.00 | 1 228 384.23 | 0.45 |
| EUR	CPI PROPERTY GROUP SA-REG-S 2.75000% 20-12.05.26 | 200 000.00 | 265 938.61 | 0.10 |
| EUR	DANSKE BANK AS-REG-S 1.37500% 19-24.05.22 | 100 000.00 | 124 217.13 | 0.05 |
| EUR	DEUTSCHE BANK AG-REG-S 1.12500% 18-30.08.23 | 50 000.00 | 62 813.15 | 0.02 |
| EUR	DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 200 000.00 | 246 222.15 | 0.09 |
| EUR	EDP FINANCE BV-REG-S 2.37500% 16-23.03.23 | 100 000.00 | 127 954.24 | 0.05 |
| EUR	GENERAL MOTORS FINANCIAL CO INC-REG-S 0.95500% 16-07.09.23 | 950 000.00 | 1 183 354.03 | 0.44 |
| EUR	GLENCORE FINANCE EUROPE SA-REG-S 1.75000% 15-17.03.25 | 300 000.00 | 385 172.16 | 0.14 |
| EUR	HEIDELBERGCEMENT AG-REG-S 2.25000% 16-30.03.23 | 1 000 000.00 | 1 269 800.28 | 0.47 |
| EUR	ICELAND, REPUBLIC OF-REG-S 0.50000% 17-20.12.22 | 830 000.00 | 1 024 947.49 | 0.38 |
| EUR	KREDITANSTALT FUER WIEDERAUFBAU-REG-S 0.01000% 20-31.03.25 | 280 000.00 | 348 504.16 | 0.13 |
| EUR	LOGICOR FINANCING SARL-REG-S 0.75000% 19-15.07.24 | 900 000.00 | 1 118 380.69 | 0.41 |
| EUR	MEXICO, UNITED STATES OF 1.62500% 15-06.03.24 | 800 000.00 | 1 019 201.04 | 0.38 |
| EUR	OP CORPORATE BANK PLC-REG-S-SUB 5.75000% 12-28.02.22 | 975 000.00 | 1 242 992.88 | 0.46 |
| EUR	PETROLEOS MEXICANOS-REG-S 3.75000% 17-21.02.24 | 400 000.00 | 500 155.55 | 0.19 |
| EUR	PPF ARENA 1 BV-REG-S 2.12500% 19-31.01.25 | 350 000.00 | 438 625.68 | 0.16 |
| EUR	ROMANIA-REG-S 4.62500% 19-03.04.49 | 300 000.00 | 460 327.72 | 0.17 |
| EUR	RYANAIR DAC-REG-S 0.87500% 21-25.05.26 | 125 000.00 | 153 143.03 | 0.06 |
| EUR	SCHAEFFLER AG-REG-S 1.87500% 19-26.03.24 | 400 000.00 | 506 272.95 | 0.19 |
| EUR	SPAIN, KINGDOM OF 0.45000% 17-31.10.22 | 700 000.00 | 867 963.63 | 0.32 |
| EUR	STANDARD CHARTERED PLC-REG-S 1.62500% 14-13.06.21 | 100 000.00 | 122 333.47 | 0.04 |
| EUR	TRATON FINANCE LUXEMBOURG SA-REG-S 0.12500% 21-24.03.25 | 1 200 000.00 | 1 467 485.17 | 0.54 |
| EUR	UNICREDITO ITALIANO SPA 1.00000% 18-18.01.23 | 1 000 000.00 | 1 243 224.76 | 0.46 |
| EUR	ZF FINANCE GMBH-REG-S 3.00000% 20-21.09.25 | 300 000.00 | 385 868.34 | 0.14 |
| Total EUR |  | 19 859 292.77 | 7.35 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD)
Annual report and audited financial statements as of 31 May 2021
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Unrealized gain | of net |
|  |  |  | (loss) on Futures/ | assets |
|  |  |  | Forward |  |
|  |  |  | Exchange Contracts/ |  |
|  |  |  | Swaps (Note 1) |  |
| GBP |  |  |  |  |
| GBP | AUTOSTRADE PER L’ITALIA SPA 6.25000% 04-09.06.22 | 400 000.00 | 592 494.85 | 0.22 |
| GBP | CHINA DEVELOPMENT BANK-REG-S 1.25000% 20-21.01.23 | 100 000.00 | 143 285.77 | 0.05 |
| GBP | PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 4.12500% 17-20.07.22 | 200 000.00 | 294 404.59 | 0.11 |
| Total GBP |  |  | 1 030 185.21 | 0.38 |
| USD |  |  |  |  |
| USD | BP CAPITAL MARKETS PLC-REG-S 3.64300% 18-14.05.23 | 980 000.00 | 1 038 026.09 | 0.38 |
| USD | CREDIT AGRICOLE SA LONDON-REG-S 3.87500% 14-15.04.24 | 870 000.00 | 950 653.69 | 0.35 |
| USD | EXPORT IMPORT BANK OF THAILAND-REG-S 1.45700% 20-15.10.25 | 200 000.00 | 200 322.04 | 0.07 |
| USD | KAZAKHSTAN, REPUBLIC OF-REG-S 5.12500% 15-21.07.25 | 1 100 000.00 | 1 278 956.25 | 0.47 |
| USD | MDGH - GMTN BV-REG-S 2.50000% 19-07.11.24 | 1 460 000.00 | 1 531 175.00 | 0.57 |
| USD | MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 800 000.00 | 913 900.00 | 0.34 |
| USD | QNB FINANCE LTD-REG-S 3.50000% 19-28.03.24 | 1 500 000.00 | 1 602 468.75 | 0.59 |
| USD | QTEL INTERNATIONAL FINANCE LTD-REG-S 2.62500% 21-08.04.31 | 200 000.00 | 201 310.00 | 0.07 |
| USD | REC LTD-REG-S 2.25000% 21-01.09.26 | 560 000.00 | 546 990.70 | 0.20 |
| USD | ROMANIA-REG-S 6.75000% 12-07.02.22 | 300 000.00 | 313 181.25 | 0.12 |
| USD | SAUDI ARABIAN OIL CO-REG-S 2.87500% 19-16.04.24 | 200 000.00 | 211 170.00 | 0.08 |
| USD | SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 2.37500% 16-26.10.21 | 200 000.00 | 201 337.50 | 0.08 |
| USD | SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 4.00000% 18-17.04.25 | 600 000.00 | 663 300.00 | 0.25 |
| USD | SWEDEN, KINGDOM OF-REG-S 0.75000% 20-30.03.22 | 130 000.00 | 130 628.68 | 0.05 |
| USD | UNICREDIT SPA-REG-S 6.57200% 19-14.01.22 | 500 000.00 | 517 906.66 | 0.19 |
| Total USD |  |  | 10 301 326.61 | 3.81 |
| Total Medium term notes, fixed rate |  | 33 772 486.20 | 12.50 |
| Medium term notes, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.00000% 20-11.02.24 | 300 000.00 | 369 231.99 | 0.14 |
| EUR	POLAND, REPUBLIC OF-REG-S 0.00000% 20-10.02.25 | 550 000.00 | 676 156.02 | 0.25 |
| EUR	SIEMENS FINANCIERINGSMAATSCH NV-REG-S 0.00000% 20-20.02.23 | 100 000.00 | 122 921.81 | 0.04 |
| Total EUR |  | 1 168 309.82 | 0.43 |
| Total Medium term notes, zero coupon |  | 1 168 309.82 | 0.43 |
| Medium term notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	AUSNET SERVICES HOLDINGS PT-REG-S-SUB 1.625%/VAR 21-11.03.81 | 180 000.00 | 222 893.99 | 0.08 |
| EUR	AXA SA-REG-S-SUB 3.375%/VAR 16-06.07.47 | 300 000.00 | 418 623.13 | 0.16 |
| EUR	BANK OF IRELAND GROUP PLC-REG-S 0.750%/VAR 19-08.07.24 | 200 000.00 | 248 260.06 | 0.09 |
| EUR	BARCLAYS PLC-REG-S 3.375%/VAR 20-02.04.25 | 300 000.00 | 399 788.21 | 0.15 |
| EUR	CITIGROUP INC-REG-S 1.500%/VAR 18-24.07.26 | 500 000.00 | 642 465.90 | 0.24 |
| EUR	CREDIT AGRICOLE SA-REG-S 1.000%/VAR 20-22.04.26 | 300 000.00 | 377 786.38 | 0.14 |
| EUR	CREDIT SUISSE GROUP AG-REG-S 3.250%/VAR 20-02.04.26 | 500 000.00 | 674 114.19 | 0.25 |
| EUR	DEUTSCHE BANK AG-REG-S 1.000%/VAR 20-19.11.25 | 400 000.00 | 497 232.19 | 0.18 |
| EUR	ING GROEP NV-SUB 3.000%/VAR 17-11.04.28 | 300 000.00 | 385 225.72 | 0.14 |
| EUR	NATWEST GROUP PLC-REG-S 2.000%/VAR 18-04.03.25 | 500 000.00 | 642 871.82 | 0.24 |
| EUR	VIRGIN MONEY UK PLC-REG-S 0.000%/VAR 21-27.05.24 | 240 000.00 | 294 829.82 | 0.11 |
| Total EUR |  | 4 804 091.41 | 1.78 |
| GBP |  |  |  |
| GBP	IMPERIAL BRANDS FIN-REG-S 9.000%/RATING LINKED 09-17.02.22 | 150 000.00 | 225 678.62 | 0.08 |
| Total GBP |  | 225 678.62 | 0.08 |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 2.816%/VAR 17-21.07.23 | 200 000.00 | 205 548.00 | 0.08 |
| USD	DBS GROUP HOLDINGS LTD-REG-S-SUB 3.600%/VAR 16-PRP | 200 000.00 | 201 192.80 | 0.07 |
| Total USD |  | 406 740.80 | 0.15 |
| Total Medium term notes, floating rate |  | 5 436 510.83 | 2.01 |
| Bonds, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	SUMITOMO MITSUI FIN GP INC 3.66200% 17-29.03.22 | 500 000.00 | 397 203.75 | 0.15 |
| Total AUD |  | 397 203.75 | 0.15 |
| CAD |  |  |  |
| CAD	CANADA, GOVERNMENT 1.00000% 17-01.09.22 | 3 700 000.00 | 3 092 306.92 | 1.15 |
| Total CAD |  | 3 092 306.92 | 1.15 |
| CNY |  |  |  |
| CNY	CHINA DEVELOPMENT BANK CORP 3.80000% 16-25.01.36 | 5 000 000.00 | 795 524.03 | 0.29 |
| Total CNY |  | 795 524.03 | 0.29 |
| EUR |  |  |  |
| EUR	ABBVIE INC 1.37500% 16-17.05.24 | 700 000.00 | 888 341.54 | 0.33 |
| EUR	ADO PROPERTIES SA-REG-S 1.50000% 17-26.07.24 | 200 000.00 | 240 697.24 | 0.09 |
| EUR	AT&T INC 1.80000% 18-05.09.26 | 700 000.00 | 922 135.84 | 0.34 |
| EUR	AUTOSTRADE PER L’ITALIA SPA REG-S 2.00000% 21-15.01.30 | 455 000.00 | 570 691.82 | 0.21 |
| EUR	BELGIUM, KINGDOM OF-144A-REG-S 2.60000% 14-22.06.24 | 2 800 000.00 | 3 762 852.10 | 1.39 |
| EUR	FINNAIR OYJ-REG-S 4.25000% 21-19.05.25 | 285 000.00 | 354 242.09 | 0.13 |
| EUR	FRANCE, REPUBLIC OF-OAT 1.75000% 13-25.05.23 | 2 500 000.00 | 3 202 322.09 | 1.18 |
| EUR	FRANCE, REPUBLIC OF-OAT 1.75000% 14-25.11.24 | 2 400 000.00 | 3 171 382.34 | 1.17 |
| EUR	FRANCE, REPUBLIC OF-OAT 0.50000% 15-25.05.25 | 2 500 000.00 | 3 179 501.33 | 1.18 |
| EUR	GERMANY, REPUBLIC OF 6.25000% 94-04.01.24 | 1 000 000.00 | 1 445 186.98 | 0.53 |
| EUR	GOLDMAN SACHS GROUP INC-SUB 4.75000% 06-12.10.21 | 774 000.00 | 962 428.19 | 0.36 |
| EUR	IMPERIAL BRANDS FINANCE PLC-REG-S 1.37500% 17-27.01.25 | 600 000.00 | 757 967.20 | 0.28 |
| EUR	INEOS QUATTRO FINANCE 2 PLC-REG-S 2.50000% 21-15.01.26 | 165 000.00 | 202 493.77 | 0.07 |
| EUR	INTRUM JUSTITIA AB-REG-S 2.75000% 17-15.07.22 | 100 000.00 | 12 214.08 | 0.00 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Annual report and audited financial statements as of 31 May 2021
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Unrealized gain | of net |
|  |  |  | (loss) on Futures/ | assets |
|  |  |  | Forward |  |
|  |  |  | Exchange Contracts/ |  |
|  |  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| EUR | INTRUM JUSTITIA AB-REG-S 3.12500% 17-15.07.24 | 300 000.00 | 368 702.33 | 0.14 |
| EUR | ITALY, REPUBLIC OF-BTP-144A-REG-S 3.250% 14-01.09.46 | 100 000.00 | 158 885.81 | 0.06 |
| EUR | ITALY, REPUBLIC OF-BTP 1.60000% 16-01.06.26 | 600 000.00 | 785 317.78 | 0.29 |
| EUR | ITALY, REPUBLIC OF-BTP 0.65000% 16-15.10.23 | 7 500 000.00 | 9 370 972.19 | 3.47 |
| EUR | ITALY, REPUBLIC OF-BTP 1.20000% 17-01.04.22 | 2 166 000.00 | 2 685 070.72 | 0.99 |
| EUR | ITALY, REPUBLIC OF-BTP 0.90000% 17-01.08.22 | 4 714 000.00 | 5 851 408.94 | 2.17 |
| EUR | ITALY, REPUBLIC OF-BTP 0.35000% 19-01.02.25 | 3 700 000.00 | 4 590 811.60 | 1.70 |
| EUR | LANDESBANK BADEN-WUERTTEMBERG-REG-S-SUB 2.87500% 16-28.09.26 | 800 000.00 | 1 071 647.84 | 0.40 |
| EUR | MPT OPERATING PARTNERSHIP LP/FIN CORP 3.32500% 17-24.03.25 | 300 000.00 | 395 660.30 | 0.15 |
| EUR | ORIGIN ENERGY FINANCE LTD-REG-S 3.50000% 13-04.10.21 | 300 000.00 | 371 364.54 | 0.14 |
| EUR | PERU, REPUBLIC OF 2.75000% 15-30.01.26 | 400 000.00 | 536 743.35 | 0.20 |
| EUR | PORTUGAL, REPUBLIC OF-144A-REG-S 5.65000% 13-15.02.24 | 1 700 000.00 | 2 429 028.66 | 0.90 |
| EUR | RABOBANK NEDERLAND NV-SUB 3.87500% 13-25.07.23 | 1 405 000.00 | 1 862 171.94 | 0.69 |
| EUR | SLOVENIA, REPUBLIC OF-REG-S 1.00000% 18-06.03.28 | 4 700 000.00 | 6 180 312.35 | 2.29 |
| EUR | SLOVENIA, REPUBLIC OF-REG-S 0.48750% 20-20.10.50 | 650 000.00 | 689 881.51 | 0.26 |
| EUR | SPAIN, KINGDOM OF-144A-REG-S 4.40000% 13-31.10.23 | 400 000.00 | 547 092.84 | 0.20 |
| EUR | SPAIN, KINGDOM OF-144A-REG-S 2.15000%15-31.10.25 | 430 000.00 | 582 519.37 | 0.22 |
| EUR | SPAIN, KINGDOM OF-REG-S 5.40000% 13-31.01.23 | 500 000.00 | 672 102.93 | 0.25 |
| EUR | SPAIN, KINGDOM OF-REG-S 1.60000% 15-30.04.25 | 2 000 000.00 | 2 632 345.89 | 0.97 |
| EUR | TEVA PHARMACEUTICAL FINANCE II BV-REG-S 1.12500% 16-15.10.24 | 300 000.00 | 344 856.07 | 0.13 |
| EUR | VERISURE HOLDING AB-REG-S 3.25000% 21-15.02.27 | 230 000.00 | 283 020.49 | 0.10 |
| EUR | WINTERSHALL DEA FINANCE BV-REG-S 0.45200% 19-25.09.23 | 500 000.00 | 616 759.68 | 0.23 |
| Total EUR |  |  | 62 699 133.74 | 23.21 |
| GBP |  |  |  |  |
| GBP | BELLIS ACQUISITION CO PLC-REG-S 3.25000% 21-16.02.26 | 315 000.00 | 447 734.88 | 0.16 |
| GBP | BUPA FINANCE PLC-REG-S-SUB 5.00000% 13-25.04.23 | 200 000.00 | 305 499.68 | 0.11 |
| GBP | JAGUAR LAND ROVER AUTOMOTIVE PLC-REG-S 3.87500% 15-01.03.23 | 300 000.00 | 431 780.63 | 0.16 |
| GBP | PREMIER FOODS FINANCE PLC-REG-S 3.50000% 21-15.10.26 | 240 000.00 | 341 160.00 | 0.13 |
| GBP | SCOTTISH WIDOWS PLC-REG-S-SUB 5.50000% 13-16.06.23 | 100 000.00 | 154 619.68 | 0.06 |
| Total GBP |  |  | 1 680 794.87 | 0.62 |
| MXN |  |  |  |  |
| MXN | MEXICO, UNITED MEXICAN STATES 7.75000% 11-13.11.42 | 1 516 000.00 | 7 817 379.56 | 2.89 |
| Total MXN |  | 7 817 379.56 | 2.89 |
| USD |  |  |  |  |
| USD | CHINA, PEOPLE’S REPUBLIC OF-REG-S 1.87500% 19-03.12.22 | 400 000.00 | 409 200.00 | 0.15 |
| USD | CNAC HK FINBRIDGE CO LTD-REG-S 4.62500% 18-14.03.23 | 200 000.00 | 208 100.00 | 0.08 |
| USD | COLOMBIA, REPUBLIC OF 4.00000% 13-26.02.24 | 600 000.00 | 635 737.50 | 0.24 |
| USD | COUNTRY GARDEN HOLDINGS CO LTD-REG-S 2.70000% 21-12.07.26 | 200 000.00 | 195 062.50 | 0.07 |
| USD | HCA INC 5.37500% 15-01.02.25 | 350 000.00 | 391 562.50 | 0.15 |
| USD | IDB TRUST SERVICES LTD-REG-S 2.84300% 19-25.04.24 | 1 700 000.00 | 1 803 819.00 | 0.67 |
| USD | JAPAN BANK FOR INTL COOPERATION 0.62500% 20-22.05.23 | 200 000.00 | 201 338.84 | 0.07 |
| USD | KAZAKHSTAN, REPUBLIC OF-REG-S 3.87500% 14-14.10.24 | 200 000.00 | 219 237.50 | 0.08 |
| USD | KUWAIT INTERNATIONAL GOVT BOND-REG-S 2.75000% 17-20.03.22 | 1 480 000.00 | 1 506 640.00 | 0.56 |
| USD | NETFLIX INC 4.37500% 16-15.11.26 | 200 000.00 | 225 558.00 | 0.08 |
| USD | PACIFIC GAS & ELECTRIC CO 2.10000% 20-01.08.27 | 200 000.00 | 192 866.00 | 0.07 |
| USD | PERU, REPUBLIC OF 2.78300% 20-23.01.31 | 440 000.00 | 440 495.00 | 0.16 |
| USD | PETROBRAS GLOBAL FINANCE BV 8.75000% 16-23.05.26 | 500 000.00 | 639 468.75 | 0.24 |
| USD | TURKEY, REPUBLIC OF 6.37500% 20-14.10.25 | 600 000.00 | 622 987.50 | 0.23 |
| Total USD |  |  | 7 692 073.09 | 2.85 |
| ZAR |  |  |  |  |
| ZAR | SOUTH AFRICA, REPUBLIC OF 8.75000% 12-28.02.48 | 2 000 000.00 | 122 046.83 | 0.05 |
| ZAR | SOUTH AFRICA, REPUBLIC OF 8.50000% 13-31.01.37 | 90 000 000.00 | 5 577 820.84 | 2.06 |
| Total ZAR |  |  | 5 699 867.67 | 2.11 |
| Total Bonds, fixed rate |  | 89 874 283.63 | 33.27 |
| Bonds, zero coupon |  |  |  |
| EUR |  |  |  |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 18-25.03.24 | 3 500 000.00 | 4 350 952.86 | 1.61 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 19-25.02.22 | 650 000.00 | 798 468.82 | 0.29 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 18-14.04.23 | 14 852 000.00 | 18 394 135.83 | 6.81 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 20-11.04.25 | 2 500 000.00 | 3 132 276.47 | 1.16 |
| Total EUR |  | 26 675 833.98 | 9.87 |
| Total Bonds, zero coupon |  | 26 675 833.98 | 9.87 |
| Bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	BP CAPITAL MARKETS PLC-REG-S 3.250%/VAR 20-PRP | 300 000.00 | 390 101.16 | 0.14 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 4.000%/VAR 18-PRP | 300 000.00 | 389 719.69 | 0.14 |
| EUR	HOLCIM FINANCE LUXEMBOURG SA-REG-S-SUB 3.000%/VAR 19-PRP | 350 000.00 | 447 235.59 | 0.17 |
| EUR	ITALY, REPUBLIC OF-144A-REG-S 1.300%/CPI LINKED 17-15.05.28 | 1 500 000.00 | 2 216 819.80 | 0.82 |
| EUR	SES SA-REG-S-SUB 2.875%/VAR 21-PRP | 695 000.00 | 853 370.15 | 0.32 |
| EUR	UBS GROUP AG-REG-S 1.250%/VAR 18-17.04.25 | 400 000.00 | 505 331.03 | 0.19 |
| EUR	VOLKSWAGEN INTL FINANCE NV-REG-S-SUB 3.375%/VAR 18-PRP | 400 000.00 | 518 599.22 | 0.19 |
| Total EUR |  | 5 321 176.64 | 1.97 |
| NZD |  |  |  |
| NZD	NEW ZEALAND 2.000%/CPI LINKED 12-20.09.25 | 3 770 000.00 | 3 446 151.87 | 1.27 |
| NZD	NEW ZEALAND-REG-S 2.500%/CPI LINKED 14-20.09.35 | 4 200 000.00 | 4 233 430.66 | 1.57 |
| Total NZD |  | 7 679 582.53 | 2.84 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD)
Annual report and audited financial statements as of 31 May 2021
|  | Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| USD |  |  |  |  |
| USD | CREDIT SUISSE GROUP AG-REG-S-SUB 7.500%/VAR 18-PRP | 400 000.00 | 431 600.00 | 0.16 |
| USD | RAKUTEN GROUP INC-REG-S-SUB 6.250%/VAR 21-PRP | 560 000.00 | 599 900.00 | 0.22 |
| Total USD |  |  | 1 031 500.00 | 0.38 |
| Total Bonds, floating rate |  | 14 032 259.17 | 5.19 |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 2.87500% 19-15.05.49 | 1 700 000.00 | 1 908 117.20 | 0.71 |
| USD	AMERICA, UNITED STATES OF 2.75000% 13-15.11.23 | 1 650 000.00 | 1 752 416.01 | 0.65 |
| USD	AMERICA, UNITED STATES OF 1.50000% 19-30.09.24 | 1 000 000.00 | 1 036 601.56 | 0.38 |
| USD	AMERICA, UNITED STATES OF 1.62500% 19-30.11.26 | 1 100 000.00 | 1 140 949.22 | 0.42 |
| USD	AMERICA, UNITED STATES OF 0.50000% 20-31.03.25 | 4 500 000.00 | 4 495 781.25 | 1.66 |
| USD	AMERICA, UNITED STATES OF 0.12500% 20-30.04.22 | 650 000.00 | 650 330.08 | 0.24 |
| USD	AMERICA, UNITED STATES OF 0.12500% 20-15.10.23 | 9 000 000.00 | 8 985 937.50 | 3.33 |
| Total USD |  | 19 970 132.82 | 7.39 |
| Total Treasury notes, fixed rate |  | 19 970 132.82 | 7.39 |
| Treasury notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 18-15.04.23 | 1 000 000.00 | 1 135 004.64 | 0.42 |
| Total USD |  | 1 135 004.64 | 0.42 |
| Total Treasury notes, floating rate |  | 1 135 004.64 | 0.42 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 238 611 535.83 | 88.31 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Asset Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	COLT MERGER SUB INC-144A 3.60000% 18-25.02.48 | 1 000 000.00 | 739 713.79 | 0.28 |
| USD	CPS AUTO RECEIVABLES TRUST-144A 4.34000% 18-16.09.24 | 900 000.00 | 928 213.74 | 0.34 |
| USD	CPS AUTO TRUST-144A 4.61000% 17-15.12.22 | 350 000.00 | 133 911.62 | 0.05 |
| USD	DRIVE AUTO RECEIVABLES TRUST 3.84000% 17-15.03.23 | 137 000.00 | 21 533.08 | 0.01 |
| USD	FLAGSHIP CREDIT AUTO TRUST-144A 3.62000% 17-15.07.23 | 100 000.00 | 101 607.75 | 0.04 |
| USD	SANTANDER DRIVE AUTO RECEIVABLES TRUST 4.19000% 18-16.12.24 | 500 000.00 | 514 897.10 | 0.19 |
| USD	SOFI CONSUMER LOAN PROGRAM-144A 3.79000% 18-26.04.27 | 350 000.00 | 226 219.89 | 0.08 |
| Total USD |  | 2 666 096.97 | 0.99 |
| Total Asset Backed Securities, fixed rate |  | 2 666 096.97 | 0.99 |
| Mortgage Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BENCHMARK MORTGAGE TRUST 4.44100% 18-01.10.51 | 300 000.00 | 345 939.93 | 0.13 |
| USD	CITIGROUP COMMERCIAL MORTGAGE TRUST 3.96300% 18-01.06.51 | 200 000.00 | 203 020.70 | 0.08 |
| USD	COMM 2015-CCRE22 MORTGAGE TRUST 3.92600% 15-01.03.48 | 300 000.00 | 325 252.59 | 0.12 |
| USD	MSBAM LYNCH TRUST-SUB 3.99400% 16-01.12.49 | 100 000.00 | 110 162.84 | 0.04 |
| Total USD |  | 984 376.06 | 0.37 |
| Total Mortgage Backed Securities, fixed rate |  | 984 376.06 | 0.37 |
| Mortgage Backed Securities, floating rate |  |  |  |
| USD |  |  |  |
| USD	AVENTURA MALL TRUST-144A FLR 18-01.07.40 | 200 000.00 | 225 468.12 | 0.08 |
| USD	BAMLL COMMERCIAL MORT SET-144A 1M LIBOR+135BP 18-15.09.34 | 175 000.00 | 174 558.62 | 0.07 |
| USD	BANK 2017-BNK9 VAR 17-01.11.54 | 150 000.00 | 166 545.36 | 0.06 |
| USD	BBCMS TRUST CBM-144A 1M LIBOR+119.1098BP 18-15.07.37 | 200 000.00 | 198 994.92 | 0.07 |
| USD	BENCHMARK MORTGAGE TRUST VAR 18-01.02.51 | 100 000.00 | 112 702.35 | 0.04 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+175BP 19-15.12.37 | 140 000.00 | 140 124.32 | 0.05 |
| USD	CORE TRUST CORE-144A 1M LIBOR+110BP 19-15.12.31 | 100 000.00 | 79 975.81 | 0.03 |
| USD	GS MORTGAGE SECURITIES TRUST-144A VAR 17-01.01.43 | 1 275 000.00 | 1 404 767.71 | 0.52 |
| USD	JPMCC COMMERCIAL MORTGAGE SEC TRUST VAR 17-01.09.50 | 300 000.00 | 313 182.75 | 0.12 |
| Total USD |  | 2 816 319.96 | 1.04 |
| Total Mortgage Backed Securities, floating rate |  | 2 816 319.96 | 1.04 |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ABB FINANCE USA INC 2.87500% 12-08.05.22 | 160 000.00 | 163 938.71 | 0.06 |
| USD	AKER BP ASA-144A 3.00000% 20-15.01.25 | 300 000.00 | 313 148.21 | 0.11 |
| USD	AVOLON HOLDINGS FUNDING LTD-144A 2.12500% 21-21.02.26 | 170 000.00 | 166 812.50 | 0.06 |
| USD	CANADIAN NATURAL RESOURCES LTD 3.45000% 11-15.11.21 | 98 000.00 | 98 633.87 | 0.04 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 5.50000% 16-01.05.26 | 300 000.00 | 310 110.00 | 0.11 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 4.00000% 17-01.03.23 | 100 000.00 | 100 750.00 | 0.04 |
| USD	ENLINK MIDSTREAM PARTNERS LP 4.40000% 14-01.04.24 | 250 000.00 | 259 520.00 | 0.10 |
| USD	MEXICO, UNITED STATES OF 4.00000% 13-02.10.23 | 220 000.00 | 238 122.50 | 0.09 |
| USD	ORIGIN ENERGY FINANCE LTD-REG-S 5.45000% 11-14.10.21 | 500 000.00 | 508 807.50 | 0.19 |
| USD	PLAINS ALL AMERICAN PIPELINE LP 3.60000% 14-01.11.24 | 200 000.00 | 215 139.97 | 0.08 |
| USD	TRITON CONTAINER INTERNATIONAL LTD-144A 2.05000% 21-15.04.26 | 275 000.00 | 276 294.15 | 0.10 |
| Total USD |  | 2 651 277.41 | 0.98 |
| Total Notes, fixed rate |  | 2 651 277.41 | 0.98 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Annual report and audited financial statements as of 31 May 2021
| Description	Quantity/ | Valuation in USD | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |

Medium term notes, fixed rate
| USD |  |
| --- | --- |
| USD | NATIONAL RURAL UTILITIES COOP FIN CORP 1.75000% 20-21.01.22 | 300 000.00 | 303 020.81 | 0.11 |
| Total USD |  |  | 303 020.81 | 0.11 |
| Total Medium term notes, fixed rate |  | 303 020.81 | 0.11 |
| Medium term notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AUSTRALIA & NEW ZEALAND BANK-REG-S-SUB 2.950%VAR 20-22.07.30 | 200 000.00 | 208 431.66 | 0.08 |
| Total USD |  | 208 431.66 | 0.08 |
| Total Medium term notes, floating rate |  | 208 431.66 | 0.08 |
| Bonds, fixed rate |  |  |  |
| CAD |  |  |  |
| CAD	ALBERTA, PROVINCE OF 3.40000% 13-01.12.23 | 580 000.00 | 513 382.33 | 0.19 |
| CAD	YORK, REGIONAL MUNICIPALITY OF 4.00000% 11-30.06.21 | 620 000.00 | 514 737.02 | 0.19 |
| Total CAD |  | 1 028 119.35 | 0.38 |
| RUB |  |  |  |
| RUB	RUSSIA, FEDERATION OF 7.65000% 19-10.04.30 | 376 000 000.00 | 5 357 468.79 | 1.98 |
| Total RUB |  | 5 357 468.79 | 1.98 |
| USD |  |  |  |
| USD	FIVE CORNERS FUNDING TRUST-144A 4.41900% 13-15.11.23 | 100 000.00 | 109 559.56 | 0.04 |
| Total USD |  | 109 559.56 | 0.04 |
| Total Bonds, fixed rate |  | 6 495 147.70 | 2.40 |
| Bonds, floating rate |  |  |  |
| JPY |  |  |  |
| JPY	JAPAN 0.100%/CPI LINKED 19-10.03.29 | 120 000 000.00 | 1 128 282.69 | 0.42 |
| Total JPY |  | 1 128 282.69 | 0.42 |
| NZD |  |  |  |
| NZD	NEW ZEALAND 2.500%/CPI LINKED 17-20.09.40 | 500 000.00 | 498 163.12 | 0.18 |
| NZD	NEW ZEALAND 3.000%/CPI LINKED 13-20.09.30 | 6 060 000.00 | 6 259 291.59 | 2.32 |
| Total NZD |  | 6 757 454.71 | 2.50 |
| USD |  |  |  |
| USD	PACIFIC GAS AND ELECTRIC CO 3M LIBOR+137.5BP 20-15.11.21 | 155 000.00 | 155 364.25 | 0.06 |
| Total USD |  | 155 364.25 | 0.06 |
| Total Bonds, floating rate |  | 8 041 101.65 | 2.98 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 24 165 772.22 | 8.95 |
| Recently issued transferable securities and money market instruments |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BROADCOM INC-144A 1.95000% 21-15.02.28 | 200 000.00 | 198 180.79 | 0.07 |
| Total USD |  | 198 180.79 | 0.07 |
| Total Notes, fixed rate |  | 198 180.79 | 0.07 |
| Total Recently issued transferable securities and money market instruments |  | 198 180.79 | 0.07 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of | 17 December 2010 |  |  |
| Investment funds, open end |  |  |  |
| Luxembourg |  |  |  |
| EUR	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 100.00 | 17 372.63 | 0.01 |
| Total Luxembourg |  | 17 372.63 | 0.01 |
| Total Investment funds, open end |  | 17 372.63 | 0.01 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  | 17 372.63 | 0.01 |
| Total investments in securities |  | 262 992 861.47 | 97.34 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD)
Annual report and audited financial statements as of 31 May 2021
| Description | Quantity/ | Valuation in USD | as a % |
| --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
| Derivative instruments |  |  |  |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Financial Futures on bonds |  |  |  |
|  |  |  |  |
| EUR	EURO BTP ITALY GOVERMENT FUTURE 08.06.21 | -23.00 | 20 247.08 | 0.01 |
| EUR	EURO-BOBL FUTURE 08.06.21 | -150.00 | 21 885.44 | 0.01 |
| EUR	EURO-SCHATZ FUTURE 08.06.21 | -100.00 | 6 113.25 | 0.00 |
| EUR	EURO-BUXL FUTURE 08.06.21 | -7.00 | 52 720.67 | 0.02 |
| EUR	EURO-OAT FUTURE 08.06.21 | -32.00 | 56 730.96 | 0.02 |
| GBP	LONG GILT FUTURE 28.09.21 | 15.00 | -852.90 | 0.00 |
| JPY	JAPAN GOVERNMENT 10Y BOND (OSE) FUTURE 14.06.21 | 4.00 | 21 573.20 | 0.01 |
| USD	US 10YR TREASURY NOTE FUTURE 21.09.21 | -45.00 | 7 734.38 | 0.00 |
| USD	US 10YR ULTRA NOTE FUTURE 21.09.21 | -15.00 | 5 140.63 | 0.00 |
| USD	US 5YR TREASURY NOTE FUTURE 30.09.21 | 8.00 | -187.50 | 0.00 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 21.09.21 | -7.00 | 2 593.75 | 0.00 |
| CAD	CAN 10YR BOND FUTURE 21.09.21 | 55.00 | -25 949.84 | -0.01 |
| Total Financial Futures on bonds |  | 167 749.12 | 0.06 |
| Total Derivative instruments listed on an official stock exchange |  | 167 749.12 | 0.06 |
| Derivative instruments not listed on an official stock exchange and not traded on another | regulated market |  |  |
| Swaps and forward swaps on interest rates |  |  |  |
|  |  |  |  |
| NZD	LCH/INTEREST RATE SWAP PAYER 1.58300% 24-24.09.29 | -2 500 000.00 | 73 238.58 | 0.03 |
| NZD	LCH/INTEREST RATE SWAP REC 3MF 24-24.09.29 |  |  |  |
| CAD	LCH/INTEREST RATE SWAP PAYER 1.89300% 19-03.12.29 | -2 700 000.00 | -33 565.44 | -0.01 |
| CAD	LCH/INTEREST RATE SWAP REC 3MC 19-03.12.29 |  |  |  |
| PLN	LCH/INTEREST RATE SWAP PAYER 1.17250% 20-07.12.30 | -22 000 000.00 | 347 328.11 | 0.13 |
| PLN	LCH/INTEREST RATE SWAP REC 6MWIBR 20-07.12.30 |  |  |  |
| PLN	LCH/INTEREST RATE SWAP PAYER 1.15700% 20-17.12.30 | -23 000 000.00 | 375 316.55 | 0.14 |
| PLN	LCH/INTEREST RATE SWAP REC 6MWIBR 20-17.12.30 |  |  |  |
| GBP	LCH/INTEREST RATE SWAP PAYER 0.28940% 20-15.12.50 | -800 000.00 | 186 369.85 | 0.07 |
| GBP	LCH/INTEREST RATE SWAP REC 12ML 20-15.12.50 |  |  |  |
| PLN	LCH/INTEREST RATE SWAP PAY 2.11600% 20-23.01.30 | -6 500 000.00 | -52 642.36 | -0.02 |
| PLN	LCH/INTEREST RATE SWAP REC 6MWIB 20-23.01.30 |  |  |  |
| PLN	LCH/INTEREST RATE SWAP PAY 1.91900% 20-10.02.30 | -6 000 000.00 | -20 013.66 | -0.01 |
| PLN	LCH/INTEREST RATE SWAP REC 6MWIB 20-10.02.30 |  |  |  |
| GBP	LCH/INTEREST RATE SWAP PAY 0.84167% 21-19.02.51 | -2 700 000.00 | 75 320.83 | 0.03 |
| GBP	LCH/INTEREST RATE SWAP REC SONIA O/N 21-19.02.51 |  |  |  |
| GBP	LCH/INTEREST RATE SWAP PAY 0.88544% 21-28.02.51 | -1 600 000.00 | 18 747.66 | 0.00 |
| GBP	LCH/INTEREST RATE SWAP REC SONIA O/N 21-28.02.51 |  |  |  |
| CNY	CITI/INTEREST RATE SWAP PAY 2.80500% 21-02.04.26 | -85 000 000.00 | -55 338.33 | -0.02 |
| CNY	CITI/INTEREST RATE SWAP REC CNRR007 21-02.04.26 |  |  |  |
| CNY	CITI/INTEREST RATE SWAP REC 2.78300% 19-10.09.24 | 15 000 000.00 | 13 601.78 | 0.00 |
| CNY	CITI/INTEREST RATE SWAP PAYER CNRR007 19-10.09.24 |  |  |  |
| CNY	CITIGROUP/INTEREST RATE SWAP REC 3.03500% 19-23.10.24 | 11 000 000.00 | 23 092.98 | 0.01 |
| CNY	CITIGROUP/INTEREST RATE SWAP PAYER CNRR007 19-23.10.24 |  |  |  |
| CNY	JPMORGAN/INTEREST RATE SWAP REC 3.15750% 19-30.10.24 | 7 000 000.00 | 19 048.33 | 0.01 |
| CNY	JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 19-30.10.24 |  |  |  |
| MXN	CME/INTEREST RATE SWAP REC 6.92500% 19-21.11.29 | 50 000 000.00 | 54 159.56 | 0.02 |
| MXN	CME/INTEREST RATE SWAP PAYER MXI 19-21.11.29 |  |  |  |
| CNY	CITI/INTEREST RATE SWAP REC 2.87250% 20-04.12.25 | 130 000 000.00 | 166 568.25 | 0.06 |
| CNY	CITI/INTEREST RATE SWAP PAYER CNRR007 20-04.12.25 |  |  |  |
| CNY	CITI/INTEREST RATE SWAP REC 2.78750% 20-17.12.25 | 185 000 000.00 | 112 935.34 | 0.04 |
| CNY	CITI/INTEREST RATE SWAP PAYER CNRR007 20-17.12.25 |  |  |  |
| CAD	LCH/INTEREST RATE SWAP REC 1.83100% 24-19.09.29 | 2 000 000.00 | -35 758.18 | -0.01 |
| CAD	LCH/INTEREST RATE SWAP PAY 3MCAD 24-19.09.29 |  |  |  |
| CAD	LCH/INTEREST RATE SWAP REC 1.68250% 19-02.10.24 | 4 000 000.00 | 76 569.56 | 0.03 |
| CAD	LCH/INTEREST RATE SWAP PAY 3MCAD 19-02.10.24 |  |  |  |
| Total Swaps and forward swaps on interest rates |  | 1 344 979.41 | 0.50 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  | 1 344 979.41 | 0.50 |
| Total Derivative instruments |  | 1 512 728.53 | 0.56 |
| Forward Foreign Exchange contracts |  |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| USD | 900 207.74 | CNY | 5 850 000.00 | 4.6.2021 | -19 138.61 | -0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 4 287 602.40 | RUB | 322 393 400.00 | 4.6.2021 | -106 516.12 | -0.04 |
| MYR | 2 890 000.00 | USD | 704 620.26 | 4.6.2021 | -3 992.97 | 0.00 |
| USD | 1 079 000.85 | TWD | 30 000 000.00 | 4.6.2021 | -8 185.45 | 0.00 |
| INR | 83 440 000.00 | USD | 1 121 128.65 | 4.6.2021 | 27 806.79 | 0.01 |
| IDR | 15 847 100 000.00 | USD | 1 093 280.44 | 4.6.2021 | 16 796.42 | 0.01 |
| USD | 2 201 484.84 | PHP | 106 750 000.00 | 4.6.2021 | -36 773.48 | -0.01 |
| USD | 76 220.22 | BRL | 410 000.00 | 4.6.2021 | -1 897.21 | 0.00 |
| USD | 2 185 506.83 | CLP | 1 535 100 000.00 | 4.6.2021 | 58 426.05 | 0.02 |
| COP | 3 835 806 250.00 | USD | 1 025 000.00 | 4.6.2021 | 9 397.40 | 0.00 |
| USD | 15 633 303.55 | NZD | 21 850 000.00 | 4.6.2021 | -273 460.03 | -0.10 |
| USD | 125 117 911.22 | EUR | 104 035 000.00 | 4.6.2021 | -2 083 255.50 | -0.77 |
| USD | 11 679 084.03 | ZAR | 169 610 000.00 | 4.6.2021 | -681 214.94 | -0.25 |
| USD | 10 690 162.93 | CAD | 13 160 000.00 | 4.6.2021 | -202 945.00 | -0.08 |
| USD | 3 010 028.35 | AUD | 3 895 000.00 | 4.6.2021 | -4 909.38 | 0.00 |
| TRY | 5 255 000.00 | USD | 622 922.00 | 4.6.2021 | -3 395.66 | 0.00 |
| USD | 1 206 950.57 | SEK | 10 200 000.00 | 4.6.2021 | -23 133.18 | -0.01 |
| USD | 4 762 215.43 | GBP | 3 430 000.00 | 4.6.2021 | -113 535.29 | -0.04 |
| USD | 3 730 421.84 | MXN | 75 780 000.00 | 4.6.2021 | -75 492.27 | -0.03 |
| USD | 87 512.45 | HUF | 26 200 000.00 | 4.6.2021 | -4 731.17 | 0.00 |
| PLN | 6 650 000.00 | USD | 1 758 170.36 | 4.6.2021 | 57 213.72 | 0.02 |
| USD | 544 958.98 | PLN | 2 065 000.00 | 4.6.2021 | -18 765.55 | -0.01 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Annual report and audited financial statements as of 31 May 2021
| Description	Quantity/ | Valuation in USD | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |

Forward Foreign Exchange contracts (Continued)
Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date
| JPY | 111 750 609.00 | NOK | 8 430 000.00 | 4.6.2021 | 8 225.22 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CAD | 400 000.00 | USD | 330 180.93 | 4.6.2021 | 916.58 | 0.00 |
| CLP | 736 736 000.00 | USD | 1 040 000.00 | 4.6.2021 | -19 156.42 | -0.01 |
| USD | 1 020 000.00 | RUB | 75 602 400.00 | 4.6.2021 | -10 436.43 | 0.00 |
| JPY | 112 205 616.00 | CAD | 1 240 000.00 | 4.6.2021 | -701.94 | 0.00 |
| ZAR | 67 260 000.00 | USD | 4 733 273.09 | 4.6.2021 | 168 287.60 | 0.06 |
| USD | 1 110 000.00 | MXN | 21 960 795.00 | 4.6.2021 | 7 058.60 | 0.00 |
| IDR | 14 497 125 000.00 | USD | 1 005 000.00 | 4.6.2021 | 10 512.17 | 0.00 |
| KRW | 1 137 358 500.00 | USD | 1 005 000.00 | 4.6.2021 | 19 003.06 | 0.01 |
| USD | 1 005 000.00 | PHP | 48 219 900.00 | 4.6.2021 | -6 040.68 | 0.00 |
| USD | 1 139 034.88 | INR | 83 440 000.00 | 4.6.2021 | -9 900.56 | 0.00 |
| CLP | 798 364 000.00 | USD | 1 115 656.79 | 4.6.2021 | -9 419.59 | 0.00 |
| USD | 1 032 518.51 | COP | 3 835 806 250.00 | 4.6.2021 | -1 878.89 | 0.00 |
| NOK | 8 450 000.00 | SEK | 8 377 794.75 | 4.6.2021 | 5 387.49 | 0.00 |
| AUD | 39 225 200.00 | USD | 30 459 470.03 | 28.6.2021 | -93 810.22 | -0.03 |
| CAD | 23 033 100.00 | USD | 19 122 242.01 | 28.6.2021 | -57 466.70 | -0.02 |
| EUR | 90 649 800.00 | USD | 111 202 919.80 | 28.6.2021 | -318 591.08 | -0.12 |
| CHF | 784 700.00 | USD | 879 026.29 | 28.6.2021 | -5 974.18 | 0.00 |
| USD | 821 405.16 | GBP | 580 000.00 | 4.6.2021 | -3 065.81 | 0.00 |
| USD | 20 552.16 | CHF | 18 400.00 | 28.6.2021 | 80.44 | 0.00 |
| USD | 2 121 973.78 | IDR | 30 344 225 000.00 | 4.6.2021 | -3 615.25 | 0.00 |
| IDR | 30 344 300 000.00 | USD | 2 116 207.55 | 6.7.2021 | 6 767.76 | 0.00 |
| USD | 1 184 171.15 | EUR | 970 000.00 | 4.6.2021 | -1 825.21 | 0.00 |
| USD | 77 238.99 | BRL | 410 000.00 | 6.7.2021 | -657.33 | 0.00 |
| BRL | 410 000.00 | USD | 77 468.12 | 4.6.2021 | 649.31 | 0.00 |
| EUR | 294 800.00 | USD | 359 396.58 | 1.6.2021 | 1 040.64 | 0.00 |
| USD | 359 574.34 | EUR | 294 800.00 | 28.6.2021 | -1 029.88 | 0.00 |
| MYR | 2 890 000.00 | USD | 698 151.95 | 6.7.2021 | 2 044.81 | 0.00 |
| USD | 698 405.03 | MYR | 2 890 000.00 | 4.6.2021 | -2 222.26 | 0.00 |
| PHP | 154 969 900.00 | USD | 3 243 405.19 | 4.6.2021 | 5 893.81 | 0.00 |
| USD | 3 234 557.60 | PHP | 155 000 000.00 | 6.7.2021 | -9 280.42 | 0.00 |
| USD | 1 018 472.24 | KRW | 1 137 358 500.00 | 4.6.2021 | -5 530.82 | 0.00 |
| KRW | 1 138 000 000.00 | USD | 1 019 101.44 | 6.7.2021 | 7 155.09 | 0.00 |
| USD | 5 387 823.12 | RUB | 397 995 800.00 | 6.7.2021 | -13 419.75 | -0.01 |
| RUB | 397 995 800.00 | USD | 5 411 227.74 | 4.6.2021 | 13 327.21 | 0.00 |
| USD | 1 085 226.45 | TWD | 30 000 000.00 | 6.7.2021 | -8 001.19 | 0.00 |
| TWD | 30 000 000.00 | USD | 1 081 470.80 | 4.6.2021 | 5 715.50 | 0.00 |
| CNY | 5 850 000.00 | USD | 916 999.76 | 4.6.2021 | 2 346.59 | 0.00 |
| USD | 915 421.33 | CNY | 5 850 000.00 | 6.7.2021 | -336.06 | 0.00 |
| USD | 93 159.14 | AUD | 120 800.00 | 28.6.2021 | -356.55 | 0.00 |
| Total Forward Foreign Exchange contracts | -3 810 006.77 | -1.41 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 10 463 833.17 | 3.87 |
| Bank overdraft and other short-term liabilities | -1 675 254.13 | -0.62 |
| Other assets and liabilities | 684 687.87 | 0.26 |
| Total net assets | 270 168 850.14 | 100.00 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD)
Annual report and audited financial statements as of 31 May 2021

Translation (ENDE, 2021-05-31):
# UBS (Lux) Bond SICAV
– Global Short Term Flexible (USD)
| Dreijahresvergleich |  |
| --- | --- |
|  | ISIN | 31.5.2021 | 31.5.2020 | 31.5.2019 |
| Nettovermögen in USD |  | 270 168 850.14 | 66 508 516.42 | 39 807 002.63 |
| Klasse F-acc 1 | LU2254328995 |  |  |  |
| Aktien im Umlauf Nettoinventarwert pro Aktie in USD Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | - - - | - - - | - - - |
| Klasse (CAD hedged) F-acc 3 | LU2254328565 |  |  |  |
| Aktien im Umlauf |  | 16 170.5540 | - | - |
| Nettoinventarwert pro Aktie in CAD |  | 101.12 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in CAD 2 |  | 101.12 | - | - |
| Klasse I-A1-acc 3 | LU2254329027 |  |  |  |
| Aktien im Umlauf |  | 63 792.5620 | - | - |
| Nettoinventarwert pro Aktie in USD |  | 101.04 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 101.04 | - | - |
| Klasse (EUR hedged) I-A1-acc 4 | LU2254329704 |  |  |  |
| Aktien im Umlauf |  | 13 691.7250 | - | - |
| Nettoinventarwert pro Aktie in EUR |  | 100.09 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 100.09 | - | - |
| Klasse I-A3-acc 3 | LU2254329290 |  |  |  |
| Aktien im Umlauf |  | 1 712.9600 | - | - |
| Nettoinventarwert pro Aktie in USD |  | 101.07 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 101.07 | - | - |
| Klasse (EUR hedged) I-A3-acc 4 | LU2254329886 |  |  |  |
| Aktien im Umlauf |  | 2 032.3940 | - | - |
| Nettoinventarwert pro Aktie in EUR |  | 100.12 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 100.12 | - | - |
| Klasse I-X-acc 3 | LU2254329456 |  |  |  |
| Aktien im Umlauf |  | 212 664.7700 | - | - |
| Nettoinventarwert pro Aktie in USD |  | 101.23 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 101.23 | - | - |
| Klasse (EUR hedged) I-X-acc 5 | LU2073878865 |  |  |  |
| Aktien im Umlauf |  | 24 055.4910 | 54 754.0000 | - |
| Nettoinventarwert pro Aktie in EUR |  | 100.27 | 99.75 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 100.27 | 99.75 | - |
| Klasse I-X-UKdist 3 | LU2254329373 |  |  |  |
| Aktien im Umlauf |  | 36 104.1220 | - | - |
| Nettoinventarwert pro Aktie in USD |  | 101.23 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 101.23 | - | - |
| Klasse (EUR hedged) K-1-acc 6 | LU0719382987 |  |  |  |
| Aktien im Umlauf |  | - | 1.1000 | 1.1000 |
| Nettoinventarwert pro Aktie in EUR |  | - | 3 051 254.40 | 3 053 138.47 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | - | 3 051 254.40 | 3 053 138.47 |
| Klasse P-acc | LU0659916679 |  |  |  |
| Aktien im Umlauf |  | 672 784.0490 | 31 664.1040 | 64 046.8510 |
| Nettoinventarwert pro Aktie in USD |  | 89.69 | 86.64 | 84.74 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 89.69 | 86.64 | 84.74 |
| Klasse (AUD hedged) P-acc 7 | LU1991167542 |  |  |  |
| Aktien im Umlauf |  | 361 287.1380 | 412 627.7010 | - |
| Nettoinventarwert pro Aktie in AUD |  | 103.96 | 100.93 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in AUD 2 |  | 103.96 | 100.93 | - |
| Klasse (CAD hedged) P-acc 3 | LU2254328649 |  |  |  |
| Aktien im Umlauf |  | 189 764.3110 | - | - |
| Nettoinventarwert pro Aktie in CAD |  | 100.83 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in CAD 2 |  | 100.83 | - | - |
| Klasse (CHF hedged) P-acc | LU0726085425 |  |  |  |
| Aktien im Umlauf |  | 8 612.0930 | 11 960.1580 | 13 493.3710 |
| Nettoinventarwert pro Aktie in CHF |  | 90.47 | 88.46 | 89.22 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 2 |  | 90.47 | 88.46 | 89.22 |
| Klasse (EUR hedged) P-acc | LU0706127809 |  |  |  |
| Aktien im Umlauf |  | 684 033.0110 | 176 193.1270 | 221 918.0080 |
| Nettoinventarwert pro Aktie in EUR |  | 102.36 | 100.00 | 100.42 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 102.36 | 100.00 | 100.42 |
| Klasse P-dist | LU0659904402 |  |  |  |
| Aktien im Umlauf |  | 111 771.1890 | 11 407.0280 | 11 107.4500 |
| Nettoinventarwert pro Aktie in USD |  | 74.83 | 73.47 | 73.13 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 74.83 | 73.47 | 73.13 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
|  | ISIN | 31.5.2021 | 31.5.2020 | 31.5.2019 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Klasse (EUR hedged) P-dist 8 | LU2251373150 |  |  |  |
| Aktien im Umlauf |  | 167 065.5280 | - | - |
| Nettoinventarwert pro Aktie in EUR |  | 100.92 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 100.92 | - | - |
| Klasse Q-acc 3 | LU2254329530 |  |  |  |
| Aktien im Umlauf |  | 29 066.6480 | - | - |
| Nettoinventarwert pro Aktie in USD |  | 100.96 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 100.96 | - | - |
| Klasse (AUD hedged) Q-acc 7 | LU1991167898 |  |  |  |
| Aktien im Umlauf |  | 20 310.1550 | 41 960.3070 | - |
| Nettoinventarwert pro Aktie in AUD |  | 104.65 | 101.25 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in AUD 2 |  | 104.65 | 101.25 | - |
| Klasse (CAD hedged) Q-acc 3 | LU2254328722 |  |  |  |
| Aktien im Umlauf |  | 26 613.9770 | - | - |
| Nettoinventarwert pro Aktie in CAD |  | 101.00 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in CAD 2 |  | 101.00 | - | - |
| Klasse (EUR hedged) Q-acc | LU0718864688 |  |  |  |
| Aktien im Umlauf |  | 26 949.4220 | 17 198.9220 | 33 321.5820 |
| Nettoinventarwert pro Aktie in EUR |  | 104.85 | 102.10 | 102.18 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 104.85 | 102.10 | 102.18 |
| Klasse Q-dist 3 | LU2254329613 |  |  |  |
| Aktien im Umlauf |  | 6 064.2940 | - | - |
| Nettoinventarwert pro Aktie in USD |  | 100.96 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 100.96 | - | - |
| Klasse (EUR hedged) Q-dist 4 | LU2254329969 |  |  |  |

| Aktien im Umlauf | 4 638.0210 | -	- |
| --- | --- | --- |
| Nettoinventarwert pro Aktie in EUR | 100.00 | -	- |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 | 100.00 | -	- |
| 1  Für die Periode vom 1.12.2020 bis zum 15.1.2021 war die Aktienklasse F-acc im Umlauf 2  Siehe Erläuterung 1 3  Erste NAV 1.12.2020 4  Erste NAV 15.12.2020 |  |  |

5 
Für die Periode vom 13.11.2019 bis zum 16.11.2020 war die Aktienklasse (EUR hedged) I-X-acc im Umlauf - reaktiviert 15.12.2020
6 
Die Aktienklasse (EUR hedged) K-1-acc war bis zum 18.5.2021 im Umlauf
7 
Erste NAV 14.6.2019
8 
Erste NAV 5.11.2020
| Performance |  |
| --- | --- |
|  | Währung | 2020/2021 | 2019/2020 | 2018/2019 |
| Klasse F-acc 1 | USD | - | - | - |
| Klasse (CAD hedged) F-acc 2 | CAD | - | - | - |
| Klasse I-A1-acc 2 | USD | - | - | - |
| Klasse (EUR hedged) I-A1-acc 2 | EUR | - | - | - |
| Klasse I-A3-acc 2 | USD | - | - | - |
| Klasse (EUR hedged) I-A3-acc 2 | EUR | - | - | - |
| Klasse I-X-acc 2 | USD | - | - | - |
| Klasse (EUR hedged) I-X-acc 3 | EUR | - | - | - |
| Klasse I-X-UKdist 2 | USD | - | - | - |
| Klasse (EUR hedged) K-1-acc 4 | EUR | - | -0.1% | N/A 5 |
| Klasse P-acc | USD | 3.5% | 2.2% | N/A 5 |
| Klasse (AUD hedged) P-acc | AUD | 3.0% | - | - |
| Klasse (CAD hedged) P-acc 2 | CAD | - | - | - |
| Klasse (CHF hedged) P-acc | CHF | 2.3% | -0.9% | N/A 5 |
| Klasse (EUR hedged) P-acc | EUR | 2.4% | -0.4% | N/A 5 |
| Klasse P-dist | USD | 3.5% | 2.2% | N/A 5 |
| Klasse (EUR hedged) P-dist 2 | EUR | - | - | - |
| Klasse Q-acc 2 | USD | - | - | - |
| Klasse (AUD hedged) Q-acc | AUD | 3.4% | - | - |
| Klasse (CAD hedged) Q-acc 2 | CAD | - | - | - |
| Klasse (EUR hedged) Q-acc | EUR | 2.7% | -0.1% | N/A 5 |
| Klasse Q-dist 2 | USD | - | - | - |
| Klasse (EUR hedged) Q-dist 2 | EUR | - | - | - |
| Benchmark Bloomberg Barclays Global Aggregate 1-3 years TR | USD | 0.8% | 3.5% | 0.1% |
| Bloomberg Barclays Global Aggregate 1-3 years TR (hedged CAD) | CAD | - | - | - |
| Bloomberg Barclays Global Aggregate 1-3 years TR (hedged EUR) | EUR | -0.0% | 1.0% | 1.6% |
| Bloomberg Barclays Global Aggregate 1-3 years TR (hedged AUD) | AUD | 0.6% | - | - |
| Bloomberg Barclays Global Aggregate 1-3 years TR (hedged CHF) | CHF | -0.3% | 0.6% | -0.1% |

1 
Für die Periode vom 1.12.2020 bis zum 15.1.2021 war die Aktienklasse F-acc im Umlauf. Auf Grund dessen liegen keine Daten für die Berechnung der Performance vor.
2 
Auf Grund der Neulancierung liegen keine Daten für die Berechnung der Performance vor.
3 
Für die Periode vom 13.11.2019 bis zum 16.11.2020 war die Aktienklasse (EUR hedged) I-X-acc im Umlauf - reaktiviert 15.12.2020. Auf Grund dessen liegen keine Daten für die Berechnung der Performance vor.
4 
Die Aktienklasse (EUR hedged) K-1-acc war bis zum 18.5.2021 im Umlauf. Auf Grund dessen liegen keine Daten für die Berechnung der Performance vor.
5 
Aufgrund der Strategieänderung per Ende November 2018 werden für das Geschäftsjahr 2018/2019 keine Performance-Daten angegeben.
Die historische Performance stellt keinen Indikator für die laufende oder zukünftige Performance dar.
Die Performancedaten lassen die bei der Ausgabe und Rücknahme der Aktien erhobenen Kommissionen und Kosten unberücksichtigt. Die Performancedaten sind ungeprüft.
UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021

## Bericht des Portfolio Managers
Der Grossteil des Geschäftsjahres vom 1. Juni 2020 bis
31. Mai 2021 war von den Auswirkungen der anhaltend lockeren Geldpolitik der Zentralbanken geprägt, wel- che die Erholung der Weltwirtschaft nach der Pandemie fördern wollten. Der Sektor der Unternehmensanlei- hen entwickelte sich besonders gut, da die Spreads sich wieder auf das Niveau vor der Krise verengten. An den Staatsanleihemärkten begannen die Anleger, über die lockere Geldpolitik hinauszublicken, und mit dem welt- weiten Start der Impfkampagnen Anfang 2021 rückten Inflationsängste in den Vordergrund. Diese Entwicklung führte zu Marktbewertungen vor dem Hintergrund der aufflammenden Inflation und einem vorzeitigen Tapering, stiegen die Renditen der Staatsanleihen doch deutlich an.
Der Teilfonds verzeichnete eine positive Performance, sowohl absolut gesehen als auch gegenüber dem Barclays Global Aggregate 1-3 Years TR (USD hedged). An den Duration-Management-Märkten, in denen wir untergewichtet waren, trug die Duration zur Perfor- mance bei, etwa in Grossbritannien und Polen sowie das Engagement in Indien und China. Unsere Anleihenpo- sitionen, insbesondere in Schwellenländer- und Hoch- zinspapieren, leisteten aufgrund der sich verengenden Spreads ebenfalls einen Beitrag. Im Währungssegment trug unsere Präferenz für Schwellenländerwährungen zur Performance bei, weil sie sich von den Turbulenzen im 1. Quartal 2020 erholen konnten. Insgesamt rechnen wir damit, dass die Renditen von Staatsanleihen ungefähr auf dem aktuellen Niveau bleiben. Deshalb bevorzu- gen wir Durationen in Ländern, in denen die Renditen steigen und die Zentralbanken auf eine lockere Geldpo- litik setzen, um die Inflation auf ihre mittelfristigen Ziele anzuheben. Ferner halten wir Unternehmensanleihen, da sie weiterhin von verschiedenen Kaufprogrammen der Zentralbanken profitieren, wenngleich wir vorsichtig und wählerisch vorgehen.

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Vereinigte Staaten | 17.45 |
| --- | --- |
| Italien | 10.68 |
| Deutschland | 10.38 |
| Frankreich | 7.54 |
| Neuseeland | 5.34 |
| Grossbritannien | 4.24 |
| Mexiko | 3.84 |
| Niederlande | 3.37 |
| Slowenien | 2.54 |
| Spanien | 2.42 |
| Südafrika | 2.27 |
| Luxemburg | 2.03 |
| Russische Föderation (GUS) | 1.98 |
| Kanada | 1.97 |
| Belgien | 1.39 |
| Cayman-Inseln | 1.12 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
Geographische Aufteilung in % des Nettovermögens (Cont.)	
Japan	1.12
Vereinigte Arabische Emirate	0.93
Venezuela	0.91
Kolumbien	0.90
Portugal	0.90
Australien	0.85
Jersey	0.73
Irland	0.71
Katar	0.64
Schweiz	0.60
Finnland	0.59
Kuwait	0.56
Kasachstan	0.55
China	0.50
Schweden	0.48
Saudiarabia	0.47
Indonesien	0.46
Island	0.38
Tschechische Republik	0.37
Peru	0.36
Guatemala	0.36
Mongolei	0.34
Nigeria	0.34
Ghana	0.34
Türkei	0.33
Kenia	0.33
Uzbekistan	0.32
Britische Jungferninseln	0.31
Rumänien	0.29
Oman	0.27
Costarica	0.26
Polen	0.25
Ägypten	0.24
Mauritius	0.23
Norwegen	0.21
Indien	0.20
Ukraine	0.20
Marokko	0.18
Bermuda	0.18
Chile	0.11
Uruguay	0.08
Hongkong	0.08
Brasilien	0.08
Singapur	0.07
Thailand	0.07
Sri Lanka	0.05
Total	97.34
Dänemark	0.05
Wirtschaftliche Aufteilung in % des Nettovermögens	
| Länder- & Zentralregierungen | 59.43 |
| --- | --- |
| Finanz- & Beteiligungsgesellschaften | 11.29 |
| Banken & Kreditinstitute | 9.88 |
| Pfandbriefinstitute & Refinanzierungsgesellschaften | 2.12 |
| Telekommunikation | 2.10 |
| Erdöl | 1.82 |
| Supranationale Organisationen | 1.58 |
| Kantone, Bundesstaaten | 1.44 |
| Energie- & Wasserversorgung | 1.12 |
| Verkehr & Transport | 1.11 |
| Fahrzeuge | 0.73 |
| Immobilien | 0.54 |
| Pharmazeutik, Kosmetik & medizinische Produkte | 0.50 |
| Baugewerbe & Baumaterial | 0.47 |
| Internet, Software & IT-Dienste | 0.44 |
| Detailhandel, Warenhäuser | 0.43 |
| Gesundheits- & Sozialwesen | 0.40 |
| Computer & Netzwerkausrüster | 0.39 |
| Versicherungen | 0.29 |
| Diverse nicht klassierte Gesellschaften | 0.27 |
| Bergbau, Kohle & Stahl | 0.24 |
| Städte, Gemeinden | 0.19 |
| Textilien, Kleidung & Lederwaren | 0.14 |
| Flugzeug- & Raumfahrtindustrie | 0.12 |
| Diverse Dienstleistungen | 0.11 |
| Chemie | 0.08 |
| Tabak & alkoholische Getränke | 0.07 |
| Elektrische Geräte & Komponenten | 0.03 |
| Anlagefonds | 0.01 |
| Total | 97.34 |


## Nettovermögensaufstellung
Aktiva	31.5.2021
USD
Wertpapierbestand, Einstandswert	260 972 055.85
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	2 020 805.62	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 262 992 861.47 |
| Bankguthaben, Sicht- und Fristgelder | 9 408 731.45 |
| Andere liquide Mittel (Margins) | 1 055 101.72 |
| Forderungen aus Wertpapierverkäufen (Erläuterung 1) | 355.15 |
| Forderungen aus Zeichnungen | 43 362.58 |
| Zinsforderungen aus Wertpapieren | 1 888 824.13 |
| Zinsforderungen aus liquiden Mitteln | 571.72 |
| Sonstige Forderungen | 286 192.26 |
| Nicht realisierter Kursgewinn aus Finanzterminkontrakten (Erläuterung 1) | 167 749.12 |
| Nicht realisierter Kursgewinn aus Swaps (Erläuterung 1) | 1 344 979.41 |
| Total Aktiva | 277 188 729.01 |
|  |  |
| Passiva |  |
| Nicht realisierter Kursverlust aus Devisenterminkontrakten (Erläuterung 1) | -3 810 006.77 |
| Kontokorrentkredit | -1 675 254.13 |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -1 009 997.94 |
| Verbindlichkeiten aus Rücknahmen | -237 583.13 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -252 913.70 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -20 088.83 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-14 034.37	 |
| Total Rückstellungen für Aufwendungen | -287 036.90 |
| Total Passiva | -7 019 878.87 |
|  |  |
| Nettovermögen am Ende des Geschäftsjahres | 270 168 850.14 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 1.6.2020-31.5.2021 |
| Zinsertrag auf liquide Mittel | 17 558.14 |
| Zinsen auf Wertpapiere | 4 256 234.77 |
| Dividenden | 205.91 |
| Zinsertrag auf Swaps (Erläuterung 1) | 1 015 183.09 |
| Erträge aus Securities Lending (Erläuterung 16) | 68 401.47 |
| Sonstige Erträge (Erläuterung 4) | 16 390.30 |
| Total Erträge | 5 373 973.68 |
|  |  |
| Aufwendungen |  |
| Zinsaufwand auf Swaps (Erläuterung 1) | -740 020.82 |
| Pauschale Verwaltungskommission (Erläuterung 2) | -1 258 955.12 |
| Abonnementsabgabe (Erläuterung 3) | -75 937.98 |
| Kosten aus Securities Lending (Erläuterung 16) | -27 360.59 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -13 792.10 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -6 624.65 |
| Total Aufwendungen | -2 122 691.26 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | 3 251 282.42 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 577 874.15 |
| Realisierter Kursgewinn (-verlust) aus renditebewerteten Wertpapieren und Geldmarktinstrumenten | -1 719.31 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | 572 416.90 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | 5 728 190.92 |
| Realisierter Kursgewinn (-verlust) aus Swaps | 818 873.24 |
| Realisierter Währungsgewinn (-verlust) | 2 519 290.60 |
| Total der realisierten Gewinne (Verluste) | 10 214 926.50 |
|  |  |
| Realisierter Nettogewinn (-verlust) des Geschäftsjahres | 13 466 208.92 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 3 745 899.96 |
| Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente | -569 725.82 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | 176 737.35 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | -4 959 629.75 |
| Nicht realisierte Werterhöhung (-minderung) von Swaps | 797 209.67 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | -809 508.59 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 12 656 700.33 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
| Veränderung des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.6.2020-31.5.2021 |
| Nettovermögen zu Beginn des Geschäftsjahres | 66 508 516.42 |
| Zeichnungen | 242 060 826.41 |
| Rücknahmen | 	-51 043 504.59	 |
| Total Mittelzufluss (-abfluss) | 191 017 321.82 |
| Ausbezahlte Dividende | -13 688.43 |
| Nettoerträge (-verluste) aus Anlagen | 3 251 282.42 |
| Total der realisierten Gewinne (Verluste) | 10 214 926.50 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	-809 508.59	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 12 656 700.33 |
| Nettovermögen am Ende des Geschäftsjahres | 270 168 850.14 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2020-31.5.2021 |
| Klasse | F-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 1 871.1340 |
| Anzahl der zurückgegebenen Aktien | -1 871.1340 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 0.0000 |
| Klasse | (CAD hedged) F-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 16 310.8140 |
| Anzahl der zurückgegebenen Aktien | -140.2600 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 16 170.5540 |
| Klasse | I-A1-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 84 848.1120 |
| Anzahl der zurückgegebenen Aktien | -21 055.5500 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 63 792.5620 |
| Klasse | (EUR hedged) I-A1-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 25 773.2000 |
| Anzahl der zurückgegebenen Aktien | -12 081.4750 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 13 691.7250 |
| Klasse | I-A3-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 3 905.8320 |
| Anzahl der zurückgegebenen Aktien | -2 192.8720 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 1 712.9600 |
| Klasse | (EUR hedged) I-A3-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 2 032.3940 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 2 032.3940 |
| Klasse | I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 212 664.7700 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 212 664.7700 |
| Klasse | (EUR hedged) I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 54 754.0000 |
| Anzahl der ausgegebenen Aktien | 24 155.9640 |
| Anzahl der zurückgegebenen Aktien | -54 854.4730 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 24 055.4910 |
| Klasse | I-X-UKdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 36 104.1220 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 36 104.1220 |
| Klasse | (EUR hedged) K-1-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 1.1000 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -1.1000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 0.0000 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 31 664.1040 |
| Anzahl der ausgegebenen Aktien | 733 085.3640 |
| Anzahl der zurückgegebenen Aktien | -91 965.4190 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 672 784.0490 |
| Klasse | (AUD hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 412 627.7010 |
| Anzahl der ausgegebenen Aktien | 13 411.5420 |
| Anzahl der zurückgegebenen Aktien | -64 752.1050 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 361 287.1380 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
| Klasse | (CAD hedged) P-acc |
| --- | --- |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 209 883.8330 |
| Anzahl der zurückgegebenen Aktien | -20 119.5220 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 189 764.3110 |
| Klasse | (CHF hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 11 960.1580 |
| Anzahl der ausgegebenen Aktien | 429.6010 |
| Anzahl der zurückgegebenen Aktien | -3 777.6660 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 8 612.0930 |
| Klasse | (EUR hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 176 193.1270 |
| Anzahl der ausgegebenen Aktien | 618 556.9680 |
| Anzahl der zurückgegebenen Aktien | -110 717.0840 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 684 033.0110 |
| Klasse | P-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 11 407.0280 |
| Anzahl der ausgegebenen Aktien | 111 095.0830 |
| Anzahl der zurückgegebenen Aktien | -10 730.9220 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 111 771.1890 |
| Klasse | (EUR hedged) P-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 191 050.4180 |
| Anzahl der zurückgegebenen Aktien | -23 984.8900 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 167 065.5280 |
| Klasse | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 34 898.4870 |
| Anzahl der zurückgegebenen Aktien | -5 831.8390 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 29 066.6480 |
| Klasse | (AUD hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 41 960.3070 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -21 650.1520 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 20 310.1550 |
| Klasse | (CAD hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 30 192.0930 |
| Anzahl der zurückgegebenen Aktien | -3 578.1160 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 26 613.9770 |
| Klasse | (EUR hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 17 198.9220 |
| Anzahl der ausgegebenen Aktien | 18 008.8500 |
| Anzahl der zurückgegebenen Aktien | -8 258.3500 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 26 949.4220 |
| Klasse | Q-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 6 740.3100 |
| Anzahl der zurückgegebenen Aktien | -676.0160 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 6 064.2940 |
| Klasse | (EUR hedged) Q-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 6 183.6770 |
| Anzahl der zurückgegebenen Aktien | -1 545.6560 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 4 638.0210 |

| Jährliche Ausschüttung 1 |  |
| --- | --- |
| UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) | Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| P-dist | 3.8.2020 | 6.8.2020 | USD | 1.20 |
| 1  Siehe Erläuterung 5 |  |  |  |  |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021

## Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 31. Mai 2021
| Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Notes, fester Zins |  |  |  |
| AUD |  |  |  |
| AUD	AT&T INC 3.45000% 18-19.09.23 | 1 000 000.00 | 820 245.30 | 0.30 |
| Total AUD |  | 820 245.30 | 0.30 |
| CAD |  |  |  |
| CAD	BRITISH COLUMBIA, PROVINCE OF 3.30000% 13-18.12.23 | 1 000 000.00 | 885 199.90 | 0.33 |
| Total CAD |  | 885 199.90 | 0.33 |
| EUR |  |  |  |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 8.00000% 19-15.05.27 | 100 000.00 | 131 553.71 | 0.05 |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 400 000.00 | 520 549.59 | 0.19 |
| EUR	BNG BANK NV-REG-S 0.05000% 20-02.04.25 | 520 000.00 | 647 077.04 | 0.24 |
| EUR	CORP ANDINA DE FOMENTO-REG-S 0.25000% 21-04.02.26 | 630 000.00 | 769 037.06 | 0.28 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 3.37500% 20-27.03.25 | 300 000.00 | 411 118.50 | 0.15 |
| EUR	LOXAM SAS-REG-S 3.75000% 19-15.07.26 | 200 000.00 | 248 858.18 | 0.09 |
| EUR	MERCK & CO INC 1.12500% 14-15.10.21 | 100 000.00 | 122 485.07 | 0.05 |
| EUR	PHILIP MORRIS INTERNATIONAL INC 2.87500% 12-30.05.24 | 100 000.00 | 132 883.23 | 0.05 |
| EUR	SOFTBANK GROUP CORP-REG-S 5.00000% 18-15.04.28 | 100 000.00 | 138 846.48 | 0.05 |
| EUR	TELE COLUMBUS AG-REG-S 3.87500% 18-02.05.25 | 350 000.00 | 436 762.50 | 0.16 |
| EUR	TRITAX EUROBOX PLC-REG-S 0.95000% 21-02.06.26 | 150 000.00 | 182 327.79 | 0.07 |
| EUR	UKRAINE, GOVERNMENT OF-REG-S 4.37500% 20-27.01.30 | 300 000.00 | 343 136.73 | 0.13 |
| EUR	UNILABS SUBHOLDING AB-REG-S 5.75000% 17-15.05.25 | 100 000.00 | 124 098.98 | 0.05 |
| EUR	VANTAGE TOWERS AG-REG-S 0.37500% 21-31.03.27 | 200 000.00 | 242 818.29 | 0.09 |
| Total EUR |  | 4 451 553.15 | 1.65 |
| GBP |  |  |  |
| GBP	CPUK FINANCE LTD-REG-S 4.50000% 21-28.08.27 | 110 000.00 | 157 214.50 | 0.06 |
| Total GBP |  | 157 214.50 | 0.06 |
| USD |  |  |  |
| USD	ABU DHABI,GOVERNMENT OF-REG-S 2.50000% 17-11.10.22 | 2 430 000.00 | 2 501 836.88 | 0.93 |
| USD	ADOBE INC 1.70000% 20-01.02.23 | 150 000.00 | 153 705.68 | 0.06 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.50000% 20-15.09.23 | 150 000.00 | 161 146.06 | 0.06 |
| USD	AERCAP IRELAND CAP/ GLBL AVIATION TRUST 6.50000% 20-15.07.25 | 600 000.00 | 702 895.50 | 0.26 |
| USD	ALTRIA GROUP INC 4.40000% 19-14.02.26 | 52 000.00 | 59 040.84 | 0.02 |
| USD	AMBER CIRCLE FUNDING LTD-REG-S 3.25000% 12-04.12.22 | 200 000.00 | 206 975.00 | 0.08 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 100 000.00 | 105 103.83 | 0.04 |
| USD	APPLE INC 1.80000% 19-11.09.24 | 100 000.00 | 104 303.65 | 0.04 |
| USD	BARCLAYS PLC 3.20000% 16-10.08.21 | 740 000.00 | 744 169.33 | 0.28 |
| USD	BAT CAPITAL CORP 3.22200% 18-15.08.24 | 600 000.00 | 638 895.40 | 0.24 |
| USD	BERKSHIRE HATHAWAY ENERGY CO 2.80000% 18-15.01.23 | 100 000.00 | 103 975.78 | 0.04 |
| USD	BOEING CO/THE 2.19600% 21-04.02.26 | 270 000.00 | 271 154.43 | 0.10 |
| USD	BPCE SA-REG-S 4.00000% 18-12.09.23 | 1 640 000.00 | 1 765 729.11 | 0.65 |
| USD	BRAZIL, FEDERATIVE REPUBLIC OF 2.62500% 12-05.01.23 | 200 000.00 | 206 350.00 | 0.08 |
| USD	BRISTOL-MYERS SQUIBB CO 2.60000% 20-16.05.22 | 100 000.00 | 102 332.32 | 0.04 |
| USD	CANADIAN NATURAL RESOURCES LTD 3.85000% 17-01.06.27 | 200 000.00 | 221 030.16 | 0.08 |
| USD	CHEVRON CORP 1.14100% 20-11.05.23 | 160 000.00 | 162 677.86 | 0.06 |
| USD	CHILE, REPUBLIC OF 2.25000% 12-30.10.22 | 300 000.00 | 306 712.50 | 0.11 |
| USD	CITIGROUP INC 2.75000% 17-25.04.22 | 150 000.00 | 153 056.33 | 0.06 |
| USD	CNOOC FINANCE 2012 LTD-REG-S 3.87500% 12-02.05.22 | 200 000.00 | 205 537.50 | 0.08 |
| USD	CNPC GENERAL CAPITAL LTD-REG-S 3.40000% 13-16.04.23 | 600 000.00 | 628 612.50 | 0.23 |
| USD	CORPORACION ANDINA DE FOMENTO 2.12500% 16-27.09.21 | 1 790 000.00 | 1 798 072.90 | 0.67 |
| USD	COSTA RICA, REPUBLIC OF-REG-S 4.25000% 12-26.01.23 | 700 000.00 | 711 506.25 | 0.26 |
| USD	CVS HEALTH CORP 2.62500% 19-15.08.24 | 90 000.00 | 95 556.56 | 0.03 |
| USD	DIAGEO CAPITAL PLC 2.12500% 19-24.10.24 | 200 000.00 | 210 126.35 | 0.08 |
| USD	DIAMONDBACK ENERGY INC 2.87500% 19-01.12.24 | 660 000.00 | 701 834.25 | 0.26 |
| USD	DOMINION ENERGY INC 2.00000% 16-15.08.21 | 70 000.00 | 70 143.42 | 0.03 |
| USD	EGYPT, REPUBLIC OF-REG-S 5.25000% 20-06.10.25 | 600 000.00 | 635 062.50 | 0.23 |
| USD	ENEL FINANCE INTERNATIONAL NV-REG-S 2.87500% 17-25.05.22 | 750 000.00 | 768 058.32 | 0.28 |
| USD	ENERGY TRANSFER LP 4.50000% 19-15.04.24 | 100 000.00 | 109 577.08 | 0.04 |
| USD	EQT CORP 3.90000% 17-01.10.27 | 290 000.00 | 309 691.00 | 0.11 |
| USD	EXXON MOBIL CORP 1.90200% 19-16.08.22 | 120 000.00 | 122 489.54 | 0.04 |
| USD	FORD MOTOR CO 9.00000% 20-22.04.25 | 450 000.00 | 549 796.50 | 0.20 |
| USD	FORD MOTOR CREDIT CO LLC 4.37500% 13-06.08.23 | 300 000.00 | 315 564.00 | 0.12 |
| USD	GAZ CAPITAL SA/GAZPROM-REG-S LPN 6.51000% 07-07.03.22 | 530 000.00 | 552 955.62 | 0.20 |
| USD	GENERAL MOTORS CO 6.12500% 20-01.10.25 | 400 000.00 | 475 509.91 | 0.18 |
| USD	GHANA GOVT INTNL BOND-REG-S 6.37500% 20-11.02.27 | 900 000.00 | 905 793.75 | 0.33 |
| USD	GLENCORE FUNDING LLC-REG-S 4.12500% 19-12.03.24 | 600 000.00 | 649 663.33 | 0.24 |
| USD	GOLDMAN SACHS GROUP INC 3.50000% 20-01.04.25 | 150 000.00 | 163 539.98 | 0.06 |
| USD	GUATEMALA, REPUBLIC OF-REG-S 4.37500% 17-05.06.27 | 900 000.00 | 976 668.76 | 0.36 |
| USD	HONEYWELL INTERNATIONAL INC 2.15000% 19-08.08.22 | 50 000.00 | 51 115.41 | 0.02 |
| USD	IHS NETHERLANDS HOLDCO BV-REG-S 7.12500% 19-18.03.25 | 450 000.00 | 469 068.75 | 0.17 |
| USD	IMPERIAL BRANDS FINANCE PLC-REG-S 3.12500% 19-26.07.24 | 1 000 000.00 | 1 060 700.15 | 0.39 |
| USD	INDONESIA, REPUBLIC OF-REG-S 3.75000% 12-25.04.22 | 600 000.00 | 616 612.50 | 0.23 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 2.85000% 19-13.05.22 | 350 000.00 | 358 895.62 | 0.13 |
| USD	KENYA, REPUBLIC OF-REG-S 6.87500% 14-24.06.24 | 800 000.00 | 888 150.00 | 0.33 |
| USD	MEITUAN DIANPING-REG-S 3.05000% 20-28.10.30 | 700 000.00 | 676 396.00 | 0.25 |
| USD	MOROCCO, KINGDOM OF-REG-S 2.37500% 20-15.12.27 | 500 000.00 | 487 968.75 | 0.18 |
| USD	MPLX LP 1.75000% 20-01.03.26 | 200 000.00 | 202 651.11 | 0.07 |
| USD	MTN MAURITIUS INVESTMENTS LTD-REG-S 5.37300% 16-13.02.22 | 600 000.00 | 614 737.50 | 0.23 |
| USD	NATIONAL BANK OF UZBEKISTAN-REG-S 4.85000% 20-21.10.25 | 333 000.00 | 347 319.00 | 0.13 |
| USD	NATWEST GROUP PLC 3.87500% 16-12.09.23 | 630 000.00 | 676 380.60 | 0.25 |
| USD	NIGERIA, FEDERAL REPUBLIC OF-REG-S 7.62500% 18-21.11.25 | 800 000.00 | 909 150.00 | 0.34 |
| USD	OMAN GOVT INTERNATIONAL BOND-REG-S 4.75000% 16-15.06.26 | 500 000.00 | 515 562.50 | 0.19 |
| USD	OMAN GOVT INTERNATIONAL BOND-REG-S 4.12500% 18-17.01.23 | 200 000.00 | 205 850.00 | 0.08 |
| USD	ONCOR ELECTRIC DELIVERY CO 2.75000% 19-01.06.24 | 110 000.00 | 116 927.69 | 0.04 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| USD | ORBIA ADVANCE CORP SAB DE CV-REG-S 1.87500% 21-11.05.26 | 800 000.00 | 801 640.00 | 0.30 |
| USD | PEGASUS HAVA TASIMACILIGI AS-REG-S 9.25000% 21-30.04.26 | 265 000.00 | 272 287.50 | 0.10 |
| USD | PERTAMINA PT-REG-S 4.30000% 13-20.05.23 | 600 000.00 | 637 350.00 | 0.24 |
| USD | QATAR, STATE OF-REG-S 3.87500% 18-23.04.23 | 1 630 000.00 | 1 736 255.63 | 0.64 |
| USD | SANTOS FINANCE LTD-REG-S 3.64900% 21-29.04.31 | 320 000.00 | 321 456.10 | 0.12 |
| USD | SASOL FINANCING USA LLC 5.87500% 18-27.03.24 | 400 000.00 | 428 450.00 | 0.16 |
| USD | SAUDI ARABIAN OIL CO-REG-S 1.62500% 20-24.11.25 | 200 000.00 | 202 500.00 | 0.07 |
| USD | SHIMAO PROPERTY HOLDINGS LTD-REG-S 3.45000% 21-11.01.31 | 200 000.00 | 189 250.00 | 0.07 |
| USD | SOUTH AFRICA, REPUBLIC OF 5.87500% 07-30.05.22 | 400 000.00 | 419 950.00 | 0.16 |
| USD | SOUTHWEST AIRLINES CO 4.75000% 20-04.05.23 | 100 000.00 | 107 822.90 | 0.04 |
| USD | SOUTHWESTERN ELECTRIC POWER 3.55000% 12-15.02.22 | 130 000.00 | 131 922.60 | 0.05 |
| USD | SPRINT CORP 7.87500% 14-15.09.23 | 350 000.00 | 396 588.50 | 0.15 |
| USD | SRI LANKA, DEMOCRATIC REP OF-REG-S 6.85000% 19-14.03.24 | 200 000.00 | 148 350.00 | 0.05 |
| USD | TEVA PHARMACEUTICAL FINANCE NL III BV 2.20000% 16-21.07.21 | 26 000.00 | 25 923.62 | 0.01 |
| USD | TRUIST FINANCIAL CORP 2.70000% 16-27.01.22 | 50 000.00 | 50 722.14 | 0.02 |
| USD | UKRAINE, GOVERNMENT OF-REG-S 7.75000% 15-01.09.21 | 200 000.00 | 202 237.50 | 0.07 |
| USD | UNITED RENTALS NORTH AMERICA INC 3.87500% 19-15.11.27 | 200 000.00 | 210 242.00 | 0.08 |
| USD | URUGUAY, REPUBLIC OF 4.50000% 13-14.08.24 | 200 000.00 | 217 100.00 | 0.08 |
| USD | UZBEK INDUSTRIAL AND CONS ATB-REG-S 5.75000% 19-02.12.24 | 500 000.00 | 527 906.25 | 0.20 |
| USD | VEB FINANCE PLC-REG-S LPN 5.94200% 13-21.11.23 | 600 000.00 | 655 800.00 | 0.24 |
| USD | VERIZON COMMUNICATIONS INC 1.45000% 21-20.03.26 | 640 000.00 | 646 237.00 | 0.24 |
| USD | VISTRA OPERATIONS CO LLC-144A 4.37500% 21-01.05.29 | 85 000.00 | 85 495.97 | 0.03 |
| USD | WALT DISNEY CO 1.75000% 19-30.08.24 | 100 000.00 | 103 563.63 | 0.04 |
| USD | WESTPAC BANKING CORP 2.80000% 17-11.01.22 | 100 000.00 | 101 611.76 | 0.04 |
| USD | WESTPAC BANKING CORP 2.00000% 20-13.01.23 | 75 000.00 | 77 138.47 | 0.03 |
| Total USD |  |  | 36 522 137.83 | 13.52 |
| Total Notes, fester Zins |  | 42 836 350.68 | 15.86 |
| Notes, variabler Zins |  |  |  |
| EUR |  |  |  |
| EUR	ABANCA CORP BANCARIA SA-REG-S-SUB VAR 21-PRP | 200 000.00 | 257 062.16 | 0.10 |
| EUR	MORGAN STANLEY 0.406%VAR 21-29.10.27 | 600 000.00 | 732 535.10 | 0.27 |
| EUR	RAKUTEN GROUP INC-REG-S-SUB 4.250%VAR 21-PRP | 440 000.00 | 549 795.23 | 0.20 |
| EUR	WINTERSHALL DEA FINANCE 2BV-REG-S-SUB 3.000%/VAR 21-PRP | 500 000.00 | 596 261.95 | 0.22 |
| Total EUR |  | 2 135 654.44 | 0.79 |
| USD |  |  |  |
| USD	ALLIANZ SE-REG-S-SUB 3.500%/VAR 20-PRP | 200 000.00 | 205 124.00 | 0.07 |
| USD	STANDARD CHARTERED PLC-REG-S 2.819%/VAR 20-30.01.26 | 1 300 000.00 | 1 369 585.62 | 0.51 |
| Total USD |  | 1 574 709.62 | 0.58 |
| Total Notes, variabler Zins |  | 3 710 364.06 | 1.37 |
| Medium-Term Notes, fester Zins |  |  |  |
| AUD |  |  |  |
| AUD	APPLE INC-REG-S 3.70000% 15-28.08.22 | 500 000.00 | 403 605.15 | 0.15 |
| AUD	AUSGRID FINANCE PTY LTD-REG-S 3.75000% 17-30.10.24 | 100 000.00 | 83 461.94 | 0.03 |
| AUD	CORPORACION ANDINA DE FOMENTO 4.50000% 15-05.06.25 | 550 000.00 | 463 876.94 | 0.17 |
| AUD	GENERAL MOTORS FINANCIAL CO INC 3.85000% 19-21.02.23 | 500 000.00 | 405 400.95 | 0.15 |
| AUD	LLOYDS BANKING GROUP 3.65000% 17-20.03.23 | 500 000.00 | 406 999.36 | 0.15 |
| AUD	VERIZON COMMUNICATIONS INC 3.50000% 17-17.02.23 | 500 000.00 | 405 486.09 | 0.15 |
| AUD	WESTPAC BANKING CORP 3.25000% 18-16.11.23 | 500 000.00 | 412 851.18 | 0.16 |
| Total AUD |  | 2 581 681.61 | 0.96 |
| EUR |  |  |  |
| EUR	AEROPORTI DI ROMA SPA-REG-S 1.75000% 21-30.07.31 | 215 000.00 | 261 314.88 | 0.10 |
| EUR	AKELIUS RESIDENTIAL PROPERTY AB-REG-S 1.75000% 17-07.02.25 | 300 000.00 | 386 976.06 | 0.14 |
| EUR	BANCO DE SABADELL SA-REG-S-SUB 2.50000% 21-15.04.31 | 400 000.00 | 490 165.27 | 0.18 |
| EUR	BARCLAYS PLC-REG-S 1.87500% 16-08.12.23 | 500 000.00 | 641 262.38 | 0.24 |
| EUR	BAT INTERNATIONAL FINANCE PLC-REG-S 0.87500% 15-13.10.23 | 100 000.00 | 124 298.51 | 0.05 |
| EUR	BNP PARIBAS-REG-S 1.12500% 18-22.11.23 | 100 000.00 | 126 110.97 | 0.05 |
| EUR	BPCE SA-REG-S 1.12500% 17-18.01.23 | 400 000.00 | 499 169.75 | 0.18 |
| EUR	CELLNEX FINANCE CO SA-REG-S 1.50000% 21-08.06.28 | 400 000.00 | 486 233.23 | 0.18 |
| EUR	CEZ AS 4.87500% 10-16.04.25 | 700 000.00 | 1 013 278.83 | 0.38 |
| EUR	COMMERZBANK AG-REG-S 0.50000% 18-28.08.23 | 30 000.00 | 37 200.35 | 0.01 |
| EUR	CORPORACION ANDINA DE FOMENTO-REG-S 0.50000% 17-25.01.22 | 1 000 000.00 | 1 228 384.23 | 0.45 |
| EUR	CPI PROPERTY GROUP SA-REG-S 2.75000% 20-12.05.26 | 200 000.00 | 265 938.61 | 0.10 |
| EUR	DANSKE BANK AS-REG-S 1.37500% 19-24.05.22 | 100 000.00 | 124 217.13 | 0.05 |
| EUR	DEUTSCHE BANK AG-REG-S 1.12500% 18-30.08.23 | 50 000.00 | 62 813.15 | 0.02 |
| EUR	DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 200 000.00 | 246 222.15 | 0.09 |
| EUR	EDP FINANCE BV-REG-S 2.37500% 16-23.03.23 | 100 000.00 | 127 954.24 | 0.05 |
| EUR	GENERAL MOTORS FINANCIAL CO INC-REG-S 0.95500% 16-07.09.23 | 950 000.00 | 1 183 354.03 | 0.44 |
| EUR	GLENCORE FINANCE EUROPE SA-REG-S 1.75000% 15-17.03.25 | 300 000.00 | 385 172.16 | 0.14 |
| EUR	HEIDELBERGCEMENT AG-REG-S 2.25000% 16-30.03.23 | 1 000 000.00 | 1 269 800.28 | 0.47 |
| EUR	ICELAND, REPUBLIC OF-REG-S 0.50000% 17-20.12.22 | 830 000.00 | 1 024 947.49 | 0.38 |
| EUR	KREDITANSTALT FUER WIEDERAUFBAU-REG-S 0.01000% 20-31.03.25 | 280 000.00 | 348 504.16 | 0.13 |
| EUR	LOGICOR FINANCING SARL-REG-S 0.75000% 19-15.07.24 | 900 000.00 | 1 118 380.69 | 0.41 |
| EUR	MEXICO, UNITED STATES OF 1.62500% 15-06.03.24 | 800 000.00 | 1 019 201.04 | 0.38 |
| EUR	OP CORPORATE BANK PLC-REG-S-SUB 5.75000% 12-28.02.22 | 975 000.00 | 1 242 992.88 | 0.46 |
| EUR	PETROLEOS MEXICANOS-REG-S 3.75000% 17-21.02.24 | 400 000.00 | 500 155.55 | 0.19 |
| EUR	PPF ARENA 1 BV-REG-S 2.12500% 19-31.01.25 | 350 000.00 | 438 625.68 | 0.16 |
| EUR	ROMANIA-REG-S 4.62500% 19-03.04.49 | 300 000.00 | 460 327.72 | 0.17 |
| EUR	RYANAIR DAC-REG-S 0.87500% 21-25.05.26 | 125 000.00 | 153 143.03 | 0.06 |
| EUR	SCHAEFFLER AG-REG-S 1.87500% 19-26.03.24 | 400 000.00 | 506 272.95 | 0.19 |
| EUR	SPAIN, KINGDOM OF 0.45000% 17-31.10.22 | 700 000.00 | 867 963.63 | 0.32 |
| EUR	STANDARD CHARTERED PLC-REG-S 1.62500% 14-13.06.21 | 100 000.00 | 122 333.47 | 0.04 |
| EUR	TRATON FINANCE LUXEMBOURG SA-REG-S 0.12500% 21-24.03.25 | 1 200 000.00 | 1 467 485.17 | 0.54 |
| EUR	UNICREDITO ITALIANO SPA 1.00000% 18-18.01.23 | 1 000 000.00 | 1 243 224.76 | 0.46 |
| EUR	ZF FINANCE GMBH-REG-S 3.00000% 20-21.09.25 | 300 000.00 | 385 868.34 | 0.14 |
| Total EUR |  | 19 859 292.77 | 7.35 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  |  | Nominal | NR Kursgewinn | Netto- |
|  |  |  | (-verlust) auf Futures/ | vermögens |
|  |  |  | Devisentermin- |  |
|  |  |  | kontrakten/ |  |
|  |  |  | Swaps (Erl. 1) |  |
| GBP |  |  |  |  |
| GBP | AUTOSTRADE PER L’ITALIA SPA 6.25000% 04-09.06.22 | 400 000.00 | 592 494.85 | 0.22 |
| GBP | CHINA DEVELOPMENT BANK-REG-S 1.25000% 20-21.01.23 | 100 000.00 | 143 285.77 | 0.05 |
| GBP | PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 4.12500% 17-20.07.22 | 200 000.00 | 294 404.59 | 0.11 |
| Total GBP |  |  | 1 030 185.21 | 0.38 |
| USD |  |  |  |  |
| USD | BP CAPITAL MARKETS PLC-REG-S 3.64300% 18-14.05.23 | 980 000.00 | 1 038 026.09 | 0.38 |
| USD | CREDIT AGRICOLE SA LONDON-REG-S 3.87500% 14-15.04.24 | 870 000.00 | 950 653.69 | 0.35 |
| USD | EXPORT IMPORT BANK OF THAILAND-REG-S 1.45700% 20-15.10.25 | 200 000.00 | 200 322.04 | 0.07 |
| USD | KAZAKHSTAN, REPUBLIC OF-REG-S 5.12500% 15-21.07.25 | 1 100 000.00 | 1 278 956.25 | 0.47 |
| USD | MDGH - GMTN BV-REG-S 2.50000% 19-07.11.24 | 1 460 000.00 | 1 531 175.00 | 0.57 |
| USD | MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 800 000.00 | 913 900.00 | 0.34 |
| USD | QNB FINANCE LTD-REG-S 3.50000% 19-28.03.24 | 1 500 000.00 | 1 602 468.75 | 0.59 |
| USD | QTEL INTERNATIONAL FINANCE LTD-REG-S 2.62500% 21-08.04.31 | 200 000.00 | 201 310.00 | 0.07 |
| USD | REC LTD-REG-S 2.25000% 21-01.09.26 | 560 000.00 | 546 990.70 | 0.20 |
| USD | ROMANIA-REG-S 6.75000% 12-07.02.22 | 300 000.00 | 313 181.25 | 0.12 |
| USD | SAUDI ARABIAN OIL CO-REG-S 2.87500% 19-16.04.24 | 200 000.00 | 211 170.00 | 0.08 |
| USD | SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 2.37500% 16-26.10.21 | 200 000.00 | 201 337.50 | 0.08 |
| USD | SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 4.00000% 18-17.04.25 | 600 000.00 | 663 300.00 | 0.25 |
| USD | SWEDEN, KINGDOM OF-REG-S 0.75000% 20-30.03.22 | 130 000.00 | 130 628.68 | 0.05 |
| USD | UNICREDIT SPA-REG-S 6.57200% 19-14.01.22 | 500 000.00 | 517 906.66 | 0.19 |
| Total USD |  |  | 10 301 326.61 | 3.81 |
| Total Medium-Term Notes, fester Zins |  | 33 772 486.20 | 12.50 |
| Medium-Term Notes, Nullcoupon |  |  |  |
| EUR |  |  |  |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.00000% 20-11.02.24 | 300 000.00 | 369 231.99 | 0.14 |
| EUR	POLAND, REPUBLIC OF-REG-S 0.00000% 20-10.02.25 | 550 000.00 | 676 156.02 | 0.25 |
| EUR	SIEMENS FINANCIERINGSMAATSCH NV-REG-S 0.00000% 20-20.02.23 | 100 000.00 | 122 921.81 | 0.04 |
| Total EUR |  | 1 168 309.82 | 0.43 |
| Total Medium-Term Notes, Nullcoupon |  | 1 168 309.82 | 0.43 |
| Medium-Term Notes, variabler Zins |  |  |  |
| EUR |  |  |  |
| EUR	AUSNET SERVICES HOLDINGS PT-REG-S-SUB 1.625%/VAR 21-11.03.81 | 180 000.00 | 222 893.99 | 0.08 |
| EUR	AXA SA-REG-S-SUB 3.375%/VAR 16-06.07.47 | 300 000.00 | 418 623.13 | 0.16 |
| EUR	BANK OF IRELAND GROUP PLC-REG-S 0.750%/VAR 19-08.07.24 | 200 000.00 | 248 260.06 | 0.09 |
| EUR	BARCLAYS PLC-REG-S 3.375%/VAR 20-02.04.25 | 300 000.00 | 399 788.21 | 0.15 |
| EUR	CITIGROUP INC-REG-S 1.500%/VAR 18-24.07.26 | 500 000.00 | 642 465.90 | 0.24 |
| EUR	CREDIT AGRICOLE SA-REG-S 1.000%/VAR 20-22.04.26 | 300 000.00 | 377 786.38 | 0.14 |
| EUR	CREDIT SUISSE GROUP AG-REG-S 3.250%/VAR 20-02.04.26 | 500 000.00 | 674 114.19 | 0.25 |
| EUR	DEUTSCHE BANK AG-REG-S 1.000%/VAR 20-19.11.25 | 400 000.00 | 497 232.19 | 0.18 |
| EUR	ING GROEP NV-SUB 3.000%/VAR 17-11.04.28 | 300 000.00 | 385 225.72 | 0.14 |
| EUR	NATWEST GROUP PLC-REG-S 2.000%/VAR 18-04.03.25 | 500 000.00 | 642 871.82 | 0.24 |
| EUR	VIRGIN MONEY UK PLC-REG-S 0.000%/VAR 21-27.05.24 | 240 000.00 | 294 829.82 | 0.11 |
| Total EUR |  | 4 804 091.41 | 1.78 |
| GBP |  |  |  |
| GBP	IMPERIAL BRANDS FIN-REG-S 9.000%/RATING LINKED 09-17.02.22 | 150 000.00 | 225 678.62 | 0.08 |
| Total GBP |  | 225 678.62 | 0.08 |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP 2.816%/VAR 17-21.07.23 | 200 000.00 | 205 548.00 | 0.08 |
| USD	DBS GROUP HOLDINGS LTD-REG-S-SUB 3.600%/VAR 16-PRP | 200 000.00 | 201 192.80 | 0.07 |
| Total USD |  | 406 740.80 | 0.15 |
| Total Medium-Term Notes, variabler Zins |  | 5 436 510.83 | 2.01 |
| Anleihen, fester Zins |  |  |  |
| AUD |  |  |  |
| AUD	SUMITOMO MITSUI FIN GP INC 3.66200% 17-29.03.22 | 500 000.00 | 397 203.75 | 0.15 |
| Total AUD |  | 397 203.75 | 0.15 |
| CAD |  |  |  |
| CAD	CANADA, GOVERNMENT 1.00000% 17-01.09.22 | 3 700 000.00 | 3 092 306.92 | 1.15 |
| Total CAD |  | 3 092 306.92 | 1.15 |
| CNY |  |  |  |
| CNY	CHINA DEVELOPMENT BANK CORP 3.80000% 16-25.01.36 | 5 000 000.00 | 795 524.03 | 0.29 |
| Total CNY |  | 795 524.03 | 0.29 |
| EUR |  |  |  |
| EUR	ABBVIE INC 1.37500% 16-17.05.24 | 700 000.00 | 888 341.54 | 0.33 |
| EUR	ADO PROPERTIES SA-REG-S 1.50000% 17-26.07.24 | 200 000.00 | 240 697.24 | 0.09 |
| EUR	AT&T INC 1.80000% 18-05.09.26 | 700 000.00 | 922 135.84 | 0.34 |
| EUR	AUTOSTRADE PER L’ITALIA SPA REG-S 2.00000% 21-15.01.30 | 455 000.00 | 570 691.82 | 0.21 |
| EUR	BELGIUM, KINGDOM OF-144A-REG-S 2.60000% 14-22.06.24 | 2 800 000.00 | 3 762 852.10 | 1.39 |
| EUR	FINNAIR OYJ-REG-S 4.25000% 21-19.05.25 | 285 000.00 | 354 242.09 | 0.13 |
| EUR	FRANCE, REPUBLIC OF-OAT 1.75000% 13-25.05.23 | 2 500 000.00 | 3 202 322.09 | 1.18 |
| EUR	FRANCE, REPUBLIC OF-OAT 1.75000% 14-25.11.24 | 2 400 000.00 | 3 171 382.34 | 1.17 |
| EUR	FRANCE, REPUBLIC OF-OAT 0.50000% 15-25.05.25 | 2 500 000.00 | 3 179 501.33 | 1.18 |
| EUR	GERMANY, REPUBLIC OF 6.25000% 94-04.01.24 | 1 000 000.00 | 1 445 186.98 | 0.53 |
| EUR	GOLDMAN SACHS GROUP INC-SUB 4.75000% 06-12.10.21 | 774 000.00 | 962 428.19 | 0.36 |
| EUR	IMPERIAL BRANDS FINANCE PLC-REG-S 1.37500% 17-27.01.25 | 600 000.00 | 757 967.20 | 0.28 |
| EUR	INEOS QUATTRO FINANCE 2 PLC-REG-S 2.50000% 21-15.01.26 | 165 000.00 | 202 493.77 | 0.07 |
| EUR	INTRUM JUSTITIA AB-REG-S 2.75000% 17-15.07.22 | 100 000.00 | 12 214.08 | 0.00 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  |  | Nominal | NR Kursgewinn | Netto- |
|  |  |  | (-verlust) auf Futures/ | vermögens |
|  |  |  | Devisentermin- |  |
|  |  |  | kontrakten/ |  |
|  |  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| EUR | INTRUM JUSTITIA AB-REG-S 3.12500% 17-15.07.24 | 300 000.00 | 368 702.33 | 0.14 |
| EUR | ITALY, REPUBLIC OF-BTP-144A-REG-S 3.250% 14-01.09.46 | 100 000.00 | 158 885.81 | 0.06 |
| EUR | ITALY, REPUBLIC OF-BTP 1.60000% 16-01.06.26 | 600 000.00 | 785 317.78 | 0.29 |
| EUR | ITALY, REPUBLIC OF-BTP 0.65000% 16-15.10.23 | 7 500 000.00 | 9 370 972.19 | 3.47 |
| EUR | ITALY, REPUBLIC OF-BTP 1.20000% 17-01.04.22 | 2 166 000.00 | 2 685 070.72 | 0.99 |
| EUR | ITALY, REPUBLIC OF-BTP 0.90000% 17-01.08.22 | 4 714 000.00 | 5 851 408.94 | 2.17 |
| EUR | ITALY, REPUBLIC OF-BTP 0.35000% 19-01.02.25 | 3 700 000.00 | 4 590 811.60 | 1.70 |
| EUR | LANDESBANK BADEN-WUERTTEMBERG-REG-S-SUB 2.87500% 16-28.09.26 | 800 000.00 | 1 071 647.84 | 0.40 |
| EUR | MPT OPERATING PARTNERSHIP LP/FIN CORP 3.32500% 17-24.03.25 | 300 000.00 | 395 660.30 | 0.15 |
| EUR | ORIGIN ENERGY FINANCE LTD-REG-S 3.50000% 13-04.10.21 | 300 000.00 | 371 364.54 | 0.14 |
| EUR | PERU, REPUBLIC OF 2.75000% 15-30.01.26 | 400 000.00 | 536 743.35 | 0.20 |
| EUR | PORTUGAL, REPUBLIC OF-144A-REG-S 5.65000% 13-15.02.24 | 1 700 000.00 | 2 429 028.66 | 0.90 |
| EUR | RABOBANK NEDERLAND NV-SUB 3.87500% 13-25.07.23 | 1 405 000.00 | 1 862 171.94 | 0.69 |
| EUR | SLOVENIA, REPUBLIC OF-REG-S 1.00000% 18-06.03.28 | 4 700 000.00 | 6 180 312.35 | 2.29 |
| EUR | SLOVENIA, REPUBLIC OF-REG-S 0.48750% 20-20.10.50 | 650 000.00 | 689 881.51 | 0.26 |
| EUR | SPAIN, KINGDOM OF-144A-REG-S 4.40000% 13-31.10.23 | 400 000.00 | 547 092.84 | 0.20 |
| EUR | SPAIN, KINGDOM OF-144A-REG-S 2.15000%15-31.10.25 | 430 000.00 | 582 519.37 | 0.22 |
| EUR | SPAIN, KINGDOM OF-REG-S 5.40000% 13-31.01.23 | 500 000.00 | 672 102.93 | 0.25 |
| EUR | SPAIN, KINGDOM OF-REG-S 1.60000% 15-30.04.25 | 2 000 000.00 | 2 632 345.89 | 0.97 |
| EUR | TEVA PHARMACEUTICAL FINANCE II BV-REG-S 1.12500% 16-15.10.24 | 300 000.00 | 344 856.07 | 0.13 |
| EUR | VERISURE HOLDING AB-REG-S 3.25000% 21-15.02.27 | 230 000.00 | 283 020.49 | 0.10 |
| EUR | WINTERSHALL DEA FINANCE BV-REG-S 0.45200% 19-25.09.23 | 500 000.00 | 616 759.68 | 0.23 |
| Total EUR |  |  | 62 699 133.74 | 23.21 |
| GBP |  |  |  |  |
| GBP | BELLIS ACQUISITION CO PLC-REG-S 3.25000% 21-16.02.26 | 315 000.00 | 447 734.88 | 0.16 |
| GBP | BUPA FINANCE PLC-REG-S-SUB 5.00000% 13-25.04.23 | 200 000.00 | 305 499.68 | 0.11 |
| GBP | JAGUAR LAND ROVER AUTOMOTIVE PLC-REG-S 3.87500% 15-01.03.23 | 300 000.00 | 431 780.63 | 0.16 |
| GBP | PREMIER FOODS FINANCE PLC-REG-S 3.50000% 21-15.10.26 | 240 000.00 | 341 160.00 | 0.13 |
| GBP | SCOTTISH WIDOWS PLC-REG-S-SUB 5.50000% 13-16.06.23 | 100 000.00 | 154 619.68 | 0.06 |
| Total GBP |  |  | 1 680 794.87 | 0.62 |
| MXN |  |  |  |  |
| MXN | MEXICO, UNITED MEXICAN STATES 7.75000% 11-13.11.42 | 1 516 000.00 | 7 817 379.56 | 2.89 |
| Total MXN |  | 7 817 379.56 | 2.89 |
| USD |  |  |  |  |
| USD | CHINA, PEOPLE’S REPUBLIC OF-REG-S 1.87500% 19-03.12.22 | 400 000.00 | 409 200.00 | 0.15 |
| USD | CNAC HK FINBRIDGE CO LTD-REG-S 4.62500% 18-14.03.23 | 200 000.00 | 208 100.00 | 0.08 |
| USD | COLOMBIA, REPUBLIC OF 4.00000% 13-26.02.24 | 600 000.00 | 635 737.50 | 0.24 |
| USD | COUNTRY GARDEN HOLDINGS CO LTD-REG-S 2.70000% 21-12.07.26 | 200 000.00 | 195 062.50 | 0.07 |
| USD | HCA INC 5.37500% 15-01.02.25 | 350 000.00 | 391 562.50 | 0.15 |
| USD | IDB TRUST SERVICES LTD-REG-S 2.84300% 19-25.04.24 | 1 700 000.00 | 1 803 819.00 | 0.67 |
| USD | JAPAN BANK FOR INTL COOPERATION 0.62500% 20-22.05.23 | 200 000.00 | 201 338.84 | 0.07 |
| USD | KAZAKHSTAN, REPUBLIC OF-REG-S 3.87500% 14-14.10.24 | 200 000.00 | 219 237.50 | 0.08 |
| USD | KUWAIT INTERNATIONAL GOVT BOND-REG-S 2.75000% 17-20.03.22 | 1 480 000.00 | 1 506 640.00 | 0.56 |
| USD | NETFLIX INC 4.37500% 16-15.11.26 | 200 000.00 | 225 558.00 | 0.08 |
| USD | PACIFIC GAS & ELECTRIC CO 2.10000% 20-01.08.27 | 200 000.00 | 192 866.00 | 0.07 |
| USD | PERU, REPUBLIC OF 2.78300% 20-23.01.31 | 440 000.00 | 440 495.00 | 0.16 |
| USD | PETROBRAS GLOBAL FINANCE BV 8.75000% 16-23.05.26 | 500 000.00 | 639 468.75 | 0.24 |
| USD | TURKEY, REPUBLIC OF 6.37500% 20-14.10.25 | 600 000.00 | 622 987.50 | 0.23 |
| Total USD |  |  | 7 692 073.09 | 2.85 |
| ZAR |  |  |  |  |
| ZAR | SOUTH AFRICA, REPUBLIC OF 8.75000% 12-28.02.48 | 2 000 000.00 | 122 046.83 | 0.05 |
| ZAR | SOUTH AFRICA, REPUBLIC OF 8.50000% 13-31.01.37 | 90 000 000.00 | 5 577 820.84 | 2.06 |
| Total ZAR |  |  | 5 699 867.67 | 2.11 |
| Total Anleihen, fester Zins |  | 89 874 283.63 | 33.27 |
| Anleihen, Nullcoupon |  |  |  |
| EUR |  |  |  |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 18-25.03.24 | 3 500 000.00 | 4 350 952.86 | 1.61 |
| EUR	FRANCE, REPUBLIC OF-OAT-REG-S 0.00000% 19-25.02.22 | 650 000.00 | 798 468.82 | 0.29 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 18-14.04.23 | 14 852 000.00 | 18 394 135.83 | 6.81 |
| EUR	GERMANY, REPUBLIC OF-REG-S 0.00000% 20-11.04.25 | 2 500 000.00 | 3 132 276.47 | 1.16 |
| Total EUR |  | 26 675 833.98 | 9.87 |
| Total Anleihen, Nullcoupon |  | 26 675 833.98 | 9.87 |
| Anleihen, variabler Zins |  |  |  |
| EUR |  |  |  |
| EUR	BP CAPITAL MARKETS PLC-REG-S 3.250%/VAR 20-PRP | 300 000.00 | 390 101.16 | 0.14 |
| EUR	ELECTRICITE DE FRANCE SA-REG-S-SUB 4.000%/VAR 18-PRP | 300 000.00 | 389 719.69 | 0.14 |
| EUR	HOLCIM FINANCE LUXEMBOURG SA-REG-S-SUB 3.000%/VAR 19-PRP | 350 000.00 | 447 235.59 | 0.17 |
| EUR	ITALY, REPUBLIC OF-144A-REG-S 1.300%/CPI LINKED 17-15.05.28 | 1 500 000.00 | 2 216 819.80 | 0.82 |
| EUR	SES SA-REG-S-SUB 2.875%/VAR 21-PRP | 695 000.00 | 853 370.15 | 0.32 |
| EUR	UBS GROUP AG-REG-S 1.250%/VAR 18-17.04.25 | 400 000.00 | 505 331.03 | 0.19 |
| EUR	VOLKSWAGEN INTL FINANCE NV-REG-S-SUB 3.375%/VAR 18-PRP | 400 000.00 | 518 599.22 | 0.19 |
| Total EUR |  | 5 321 176.64 | 1.97 |
| NZD |  |  |  |
| NZD	NEW ZEALAND 2.000%/CPI LINKED 12-20.09.25 | 3 770 000.00 | 3 446 151.87 | 1.27 |
| NZD	NEW ZEALAND-REG-S 2.500%/CPI LINKED 14-20.09.35 | 4 200 000.00 | 4 233 430.66 | 1.57 |
| Total NZD |  | 7 679 582.53 | 2.84 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
|  | Bezeichnung | Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
| USD |  |  |  |  |
| USD | CREDIT SUISSE GROUP AG-REG-S-SUB 7.500%/VAR 18-PRP | 400 000.00 | 431 600.00 | 0.16 |
| USD | RAKUTEN GROUP INC-REG-S-SUB 6.250%/VAR 21-PRP | 560 000.00 | 599 900.00 | 0.22 |
| Total USD |  |  | 1 031 500.00 | 0.38 |
| Total Anleihen, variabler Zins |  | 14 032 259.17 | 5.19 |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 2.87500% 19-15.05.49 | 1 700 000.00 | 1 908 117.20 | 0.71 |
| USD	AMERICA, UNITED STATES OF 2.75000% 13-15.11.23 | 1 650 000.00 | 1 752 416.01 | 0.65 |
| USD	AMERICA, UNITED STATES OF 1.50000% 19-30.09.24 | 1 000 000.00 | 1 036 601.56 | 0.38 |
| USD	AMERICA, UNITED STATES OF 1.62500% 19-30.11.26 | 1 100 000.00 | 1 140 949.22 | 0.42 |
| USD	AMERICA, UNITED STATES OF 0.50000% 20-31.03.25 | 4 500 000.00 | 4 495 781.25 | 1.66 |
| USD	AMERICA, UNITED STATES OF 0.12500% 20-30.04.22 | 650 000.00 | 650 330.08 | 0.24 |
| USD	AMERICA, UNITED STATES OF 0.12500% 20-15.10.23 | 9 000 000.00 | 8 985 937.50 | 3.33 |
| Total USD |  | 19 970 132.82 | 7.39 |
| Total Treasury-Notes, fester Zins |  | 19 970 132.82 | 7.39 |
| Treasury-Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 0.625%/CPI LINKED 18-15.04.23 | 1 000 000.00 | 1 135 004.64 | 0.42 |
| Total USD |  | 1 135 004.64 | 0.42 |
| Total Treasury-Notes, variabler Zins | 1 135 004.64 | 0.42 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 238 611 535.83 | 88.31 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Asset Backed Securities, fester Zins |  |  |
| USD |  |  |
| USD	COLT MERGER SUB INC-144A 3.60000% 18-25.02.48	1 000 000.00 | 739 713.79 | 0.28 |
| USD	CPS AUTO RECEIVABLES TRUST-144A 4.34000% 18-16.09.24	900 000.00 | 928 213.74 | 0.34 |
| USD	CPS AUTO TRUST-144A 4.61000% 17-15.12.22	350 000.00 | 133 911.62 | 0.05 |
| USD	DRIVE AUTO RECEIVABLES TRUST 3.84000% 17-15.03.23	137 000.00 | 21 533.08 | 0.01 |
| USD	FLAGSHIP CREDIT AUTO TRUST-144A 3.62000% 17-15.07.23	100 000.00 | 101 607.75 | 0.04 |
| USD	SANTANDER DRIVE AUTO RECEIVABLES TRUST 4.19000% 18-16.12.24	500 000.00 | 514 897.10 | 0.19 |
| USD	SOFI CONSUMER LOAN PROGRAM-144A 3.79000% 18-26.04.27	350 000.00 | 226 219.89 | 0.08 |
| Total USD | 2 666 096.97 | 0.99 |
| Total Asset Backed Securities, fester Zins | 2 666 096.97 | 0.99 |
| Mortgage Backed Securities, fester Zins |  |  |
| USD |  |  |
| USD	BENCHMARK MORTGAGE TRUST 4.44100% 18-01.10.51	300 000.00 | 345 939.93 | 0.13 |
| USD	CITIGROUP COMMERCIAL MORTGAGE TRUST 3.96300% 18-01.06.51	200 000.00 | 203 020.70 | 0.08 |
| USD	COMM 2015-CCRE22 MORTGAGE TRUST 3.92600% 15-01.03.48	300 000.00 | 325 252.59 | 0.12 |
| USD	MSBAM LYNCH TRUST-SUB 3.99400% 16-01.12.49	100 000.00 | 110 162.84 | 0.04 |
| Total USD | 984 376.06 | 0.37 |
| Total Mortgage Backed Securities, fester Zins | 984 376.06 | 0.37 |
| Mortgage Backed Securities, variabler Zins |  |  |
| USD |  |  |
| USD	AVENTURA MALL TRUST-144A FLR 18-01.07.40	200 000.00 | 225 468.12 | 0.08 |
| USD	BAMLL COMMERCIAL MORT SET-144A 1M LIBOR+135BP 18-15.09.34	175 000.00 | 174 558.62 | 0.07 |
| USD	BANK 2017-BNK9 VAR 17-01.11.54	150 000.00 | 166 545.36 | 0.06 |
| USD	BBCMS TRUST CBM-144A 1M LIBOR+119.1098BP 18-15.07.37	200 000.00 | 198 994.92 | 0.07 |
| USD	BENCHMARK MORTGAGE TRUST VAR 18-01.02.51	100 000.00 | 112 702.35 | 0.04 |
| USD	CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+175BP 19-15.12.37	140 000.00 | 140 124.32 | 0.05 |
| USD	CORE TRUST CORE-144A 1M LIBOR+110BP 19-15.12.31	100 000.00 | 79 975.81 | 0.03 |
| USD	GS MORTGAGE SECURITIES TRUST-144A VAR 17-01.01.43	1 275 000.00 | 1 404 767.71 | 0.52 |
| USD	JPMCC COMMERCIAL MORTGAGE SEC TRUST VAR 17-01.09.50	300 000.00 | 313 182.75 | 0.12 |
| Total USD | 2 816 319.96 | 1.04 |
| Total Mortgage Backed Securities, variabler Zins | 2 816 319.96 | 1.04 |
| Notes, fester Zins |  |  |
| USD |  |  |
| USD	ABB FINANCE USA INC 2.87500% 12-08.05.22	160 000.00 | 163 938.71 | 0.06 |
| USD	AKER BP ASA-144A 3.00000% 20-15.01.25	300 000.00 | 313 148.21 | 0.11 |
| USD	AVOLON HOLDINGS FUNDING LTD-144A 2.12500% 21-21.02.26	170 000.00 | 166 812.50 | 0.06 |
| USD	CANADIAN NATURAL RESOURCES LTD 3.45000% 11-15.11.21	98 000.00 | 98 633.87 | 0.04 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 5.50000% 16-01.05.26	300 000.00 | 310 110.00 | 0.11 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 4.00000% 17-01.03.23	100 000.00 | 100 750.00 | 0.04 |
| USD	ENLINK MIDSTREAM PARTNERS LP 4.40000% 14-01.04.24	250 000.00 | 259 520.00 | 0.10 |
| USD	MEXICO, UNITED STATES OF 4.00000% 13-02.10.23	220 000.00 | 238 122.50 | 0.09 |
| USD	ORIGIN ENERGY FINANCE LTD-REG-S 5.45000% 11-14.10.21	500 000.00 | 508 807.50 | 0.19 |
| USD	PLAINS ALL AMERICAN PIPELINE LP 3.60000% 14-01.11.24	200 000.00 | 215 139.97 | 0.08 |
| USD	TRITON CONTAINER INTERNATIONAL LTD-144A 2.05000% 21-15.04.26	275 000.00 | 276 294.15 | 0.10 |
| Total USD | 2 651 277.41 | 0.98 |
| Total Notes, fester Zins | 2 651 277.41 | 0.98 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
| Bezeichnung	Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- |
| Nominal | NR Kursgewinn | Netto- |
|  | (-verlust) auf Futures/ | vermögens |
|  | Devisentermin- |  |
|  | kontrakten/ |  |
|  | Swaps (Erl. 1) |  |

Medium-Term Notes, fester Zins
| USD |  |
| --- | --- |
| USD | NATIONAL RURAL UTILITIES COOP FIN CORP 1.75000% 20-21.01.22 | 300 000.00 | 303 020.81 | 0.11 |
| Total USD |  |  | 303 020.81 | 0.11 |
| Total Medium-Term Notes, fester Zins |  | 303 020.81 | 0.11 |
| Medium-Term Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AUSTRALIA & NEW ZEALAND BANK-REG-S-SUB 2.950%VAR 20-22.07.30 | 200 000.00 | 208 431.66 | 0.08 |
| Total USD |  | 208 431.66 | 0.08 |
| Total Medium-Term Notes, variabler Zins |  | 208 431.66 | 0.08 |
| Anleihen, fester Zins |  |  |  |
| CAD |  |  |  |
| CAD	ALBERTA, PROVINCE OF 3.40000% 13-01.12.23 | 580 000.00 | 513 382.33 | 0.19 |
| CAD	YORK, REGIONAL MUNICIPALITY OF 4.00000% 11-30.06.21 | 620 000.00 | 514 737.02 | 0.19 |
| Total CAD |  | 1 028 119.35 | 0.38 |
| RUB |  |  |  |
| RUB	RUSSIA, FEDERATION OF 7.65000% 19-10.04.30 | 376 000 000.00 | 5 357 468.79 | 1.98 |
| Total RUB |  | 5 357 468.79 | 1.98 |
| USD |  |  |  |
| USD	FIVE CORNERS FUNDING TRUST-144A 4.41900% 13-15.11.23 | 100 000.00 | 109 559.56 | 0.04 |
| Total USD |  | 109 559.56 | 0.04 |
| Total Anleihen, fester Zins |  | 6 495 147.70 | 2.40 |
| Anleihen, variabler Zins |  |  |  |
| JPY |  |  |  |
| JPY	JAPAN 0.100%/CPI LINKED 19-10.03.29 | 120 000 000.00 | 1 128 282.69 | 0.42 |
| Total JPY |  | 1 128 282.69 | 0.42 |
| NZD |  |  |  |
| NZD	NEW ZEALAND 2.500%/CPI LINKED 17-20.09.40 | 500 000.00 | 498 163.12 | 0.18 |
| NZD	NEW ZEALAND 3.000%/CPI LINKED 13-20.09.30 | 6 060 000.00 | 6 259 291.59 | 2.32 |
| Total NZD |  | 6 757 454.71 | 2.50 |
| USD |  |  |  |
| USD	PACIFIC GAS AND ELECTRIC CO 3M LIBOR+137.5BP 20-15.11.21 | 155 000.00 | 155 364.25 | 0.06 |
| Total USD |  | 155 364.25 | 0.06 |
| Total Anleihen, variabler Zins |  | 8 041 101.65 | 2.98 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  | 24 165 772.22 | 8.95 |
| Neuemittierte Wertpapiere und Geldmarktinstrumente |  |  |  |
| Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	BROADCOM INC-144A 1.95000% 21-15.02.28 | 200 000.00 | 198 180.79 | 0.07 |
| Total USD |  | 198 180.79 | 0.07 |
| Total Notes, fester Zins |  | 198 180.79 | 0.07 |
| Total Neuemittierte Wertpapiere und Geldmarktinstrumente |  | 198 180.79 | 0.07 |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
Luxemburg
| EUR | UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 100.00 | 17 372.63 | 0.01 |
| --- | --- | --- | --- | --- |
| Total Luxemburg | 17 372.63 | 0.01 |
| Total Investment Fonds, open end | 17 372.63 | 0.01 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 | 17 372.63 | 0.01 |
| Total des Wertpapierbestandes | 262 992 861.47 | 97.34 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
| Bezeichnung | Anzahl/ Nominal | Bewertung in USD NR Kursgewinn (-verlust) auf Futures/ Devisentermin- kontrakten/ Swaps (Erl. 1) | in % des Netto- vermögens |
| --- | --- | --- | --- |
| Derivative Instrumente |  |  |  |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Finanzterminkontrakte auf Anleihen |  |  |  |
|  |  |  |  |
| EUR	EURO BTP ITALY GOVERMENT FUTURE 08.06.21 | -23.00 | 20 247.08 | 0.01 |
| EUR	EURO-BOBL FUTURE 08.06.21 | -150.00 | 21 885.44 | 0.01 |
| EUR	EURO-SCHATZ FUTURE 08.06.21 | -100.00 | 6 113.25 | 0.00 |
| EUR	EURO-BUXL FUTURE 08.06.21 | -7.00 | 52 720.67 | 0.02 |
| EUR	EURO-OAT FUTURE 08.06.21 | -32.00 | 56 730.96 | 0.02 |
| GBP	LONG GILT FUTURE 28.09.21 | 15.00 | -852.90 | 0.00 |
| JPY	JAPAN GOVERNMENT 10Y BOND (OSE) FUTURE 14.06.21 | 4.00 | 21 573.20 | 0.01 |
| USD	US 10YR TREASURY NOTE FUTURE 21.09.21 | -45.00 | 7 734.38 | 0.00 |
| USD	US 10YR ULTRA NOTE FUTURE 21.09.21 | -15.00 | 5 140.63 | 0.00 |
| USD	US 5YR TREASURY NOTE FUTURE 30.09.21 | 8.00 | -187.50 | 0.00 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 21.09.21 | -7.00 | 2 593.75 | 0.00 |
| CAD	CAN 10YR BOND FUTURE 21.09.21 | 55.00 | -25 949.84 | -0.01 |
| Total Finanzterminkontrakte auf Anleihen |  | 167 749.12 | 0.06 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | 167 749.12 | 0.06 |

Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Swaps und Forward-Swaps auf Zinssätze
| NZD NZD | LCH/INTEREST RATE SWAP PAYER 1.58300% 24-24.09.29 LCH/INTEREST RATE SWAP REC 3MF 24-24.09.29 | -2 500 000.00 | 73 238.58 | 0.03 |
| --- | --- | --- | --- | --- |
| CAD | LCH/INTEREST RATE SWAP PAYER 1.89300% 19-03.12.29 | -2 700 000.00 | -33 565.44 | -0.01 |
| CAD | LCH/INTEREST RATE SWAP REC 3MC 19-03.12.29 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 1.17250% 20-07.12.30 | -22 000 000.00 | 347 328.11 | 0.13 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIBR 20-07.12.30 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 1.15700% 20-17.12.30 | -23 000 000.00 | 375 316.55 | 0.14 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIBR 20-17.12.30 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 0.28940% 20-15.12.50 | -800 000.00 | 186 369.85 | 0.07 |
| GBP | LCH/INTEREST RATE SWAP REC 12ML 20-15.12.50 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAY 2.11600% 20-23.01.30 | -6 500 000.00 | -52 642.36 | -0.02 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIB 20-23.01.30 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAY 1.91900% 20-10.02.30 | -6 000 000.00 | -20 013.66 | -0.01 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIB 20-10.02.30 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAY 0.84167% 21-19.02.51 | -2 700 000.00 | 75 320.83 | 0.03 |
| GBP | LCH/INTEREST RATE SWAP REC SONIA O/N 21-19.02.51 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAY 0.88544% 21-28.02.51 | -1 600 000.00 | 18 747.66 | 0.00 |
| GBP | LCH/INTEREST RATE SWAP REC SONIA O/N 21-28.02.51 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP PAY 2.80500% 21-02.04.26 | -85 000 000.00 | -55 338.33 | -0.02 |
| CNY | CITI/INTEREST RATE SWAP REC CNRR007 21-02.04.26 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.78300% 19-10.09.24 | 15 000 000.00 | 13 601.78 | 0.00 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 19-10.09.24 |  |  |  |
| CNY | CITIGROUP/INTEREST RATE SWAP REC 3.03500% 19-23.10.24 | 11 000 000.00 | 23 092.98 | 0.01 |
| CNY | CITIGROUP/INTEREST RATE SWAP PAYER CNRR007 19-23.10.24 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 3.15750% 19-30.10.24 | 7 000 000.00 | 19 048.33 | 0.01 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 19-30.10.24 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.92500% 19-21.11.29 | 50 000 000.00 | 54 159.56 | 0.02 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 19-21.11.29 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.87250% 20-04.12.25 | 130 000 000.00 | 166 568.25 | 0.06 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-04.12.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.78750% 20-17.12.25 | 185 000 000.00 | 112 935.34 | 0.04 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-17.12.25 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP REC 1.83100% 24-19.09.29 | 2 000 000.00 | -35 758.18 | -0.01 |
| CAD | LCH/INTEREST RATE SWAP PAY 3MCAD 24-19.09.29 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP REC 1.68250% 19-02.10.24 | 4 000 000.00 | 76 569.56 | 0.03 |
| CAD | LCH/INTEREST RATE SWAP PAY 3MCAD 19-02.10.24 |  |  |  |
| Total Swaps und Forward-Swaps auf Zinssätze | 1 344 979.41 | 0.50 |
| Total Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden | 1 344 979.41 | 0.50 |
| Total Derivative Instrumente | 1 512 728.53 | 0.56 |
| Devisenterminkontrakte |  |  |
| Gekaufte Währung/ Gekaufter Betrag/Verkaufte Währung/Verkaufter Betrag/Fälligkeitsdatum |  |  |

| USD | 900 207.74 | CNY | 5 850 000.00 | 4.6.2021 | -19 138.61 | -0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 4 287 602.40 | RUB | 322 393 400.00 | 4.6.2021 | -106 516.12 | -0.04 |
| MYR | 2 890 000.00 | USD | 704 620.26 | 4.6.2021 | -3 992.97 | 0.00 |
| USD | 1 079 000.85 | TWD | 30 000 000.00 | 4.6.2021 | -8 185.45 | 0.00 |
| INR | 83 440 000.00 | USD | 1 121 128.65 | 4.6.2021 | 27 806.79 | 0.01 |
| IDR | 15 847 100 000.00 | USD | 1 093 280.44 | 4.6.2021 | 16 796.42 | 0.01 |
| USD | 2 201 484.84 | PHP | 106 750 000.00 | 4.6.2021 | -36 773.48 | -0.01 |
| USD | 76 220.22 | BRL | 410 000.00 | 4.6.2021 | -1 897.21 | 0.00 |
| USD | 2 185 506.83 | CLP | 1 535 100 000.00 | 4.6.2021 | 58 426.05 | 0.02 |
| COP | 3 835 806 250.00 | USD | 1 025 000.00 | 4.6.2021 | 9 397.40 | 0.00 |
| USD | 15 633 303.55 | NZD | 21 850 000.00 | 4.6.2021 | -273 460.03 | -0.10 |
| USD | 125 117 911.22 | EUR | 104 035 000.00 | 4.6.2021 | -2 083 255.50 | -0.77 |
| USD | 11 679 084.03 | ZAR | 169 610 000.00 | 4.6.2021 | -681 214.94 | -0.25 |
| USD | 10 690 162.93 | CAD | 13 160 000.00 | 4.6.2021 | -202 945.00 | -0.08 |
| USD | 3 010 028.35 | AUD | 3 895 000.00 | 4.6.2021 | -4 909.38 | 0.00 |
| TRY | 5 255 000.00 | USD | 622 922.00 | 4.6.2021 | -3 395.66 | 0.00 |
| USD | 1 206 950.57 | SEK | 10 200 000.00 | 4.6.2021 | -23 133.18 | -0.01 |
| USD | 4 762 215.43 | GBP | 3 430 000.00 | 4.6.2021 | -113 535.29 | -0.04 |
| USD | 3 730 421.84 | MXN | 75 780 000.00 | 4.6.2021 | -75 492.27 | -0.03 |
| USD | 87 512.45 | HUF | 26 200 000.00 | 4.6.2021 | -4 731.17 | 0.00 |
| PLN | 6 650 000.00 | USD | 1 758 170.36 | 4.6.2021 | 57 213.72 | 0.02 |
| USD | 544 958.98 | PLN | 2 065 000.00 | 4.6.2021 | -18 765.55 | -0.01 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
| Bezeichnung	Anzahl/ | Bewertung in USD | in % des |
| --- | --- | --- |
| Nominal | NR Kursgewinn | Netto- |
|  | (-verlust) auf Futures/ | vermögens |
|  | Devisentermin- |  |
|  | kontrakten/ |  |
|  | Swaps (Erl. 1) |  |

Devisenterminkontrakte (Fortsetzung)
Gekaufte Währung/ Gekaufter Betrag/Verkaufte Währung/Verkaufter Betrag/Fälligkeitsdatum
| JPY | 111 750 609.00 | NOK | 8 430 000.00 | 4.6.2021 | 8 225.22 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CAD | 400 000.00 | USD | 330 180.93 | 4.6.2021 | 916.58 | 0.00 |
| CLP | 736 736 000.00 | USD | 1 040 000.00 | 4.6.2021 | -19 156.42 | -0.01 |
| USD | 1 020 000.00 | RUB | 75 602 400.00 | 4.6.2021 | -10 436.43 | 0.00 |
| JPY | 112 205 616.00 | CAD | 1 240 000.00 | 4.6.2021 | -701.94 | 0.00 |
| ZAR | 67 260 000.00 | USD | 4 733 273.09 | 4.6.2021 | 168 287.60 | 0.06 |
| USD | 1 110 000.00 | MXN | 21 960 795.00 | 4.6.2021 | 7 058.60 | 0.00 |
| IDR | 14 497 125 000.00 | USD | 1 005 000.00 | 4.6.2021 | 10 512.17 | 0.00 |
| KRW | 1 137 358 500.00 | USD | 1 005 000.00 | 4.6.2021 | 19 003.06 | 0.01 |
| USD | 1 005 000.00 | PHP | 48 219 900.00 | 4.6.2021 | -6 040.68 | 0.00 |
| USD | 1 139 034.88 | INR | 83 440 000.00 | 4.6.2021 | -9 900.56 | 0.00 |
| CLP | 798 364 000.00 | USD | 1 115 656.79 | 4.6.2021 | -9 419.59 | 0.00 |
| USD | 1 032 518.51 | COP | 3 835 806 250.00 | 4.6.2021 | -1 878.89 | 0.00 |
| NOK | 8 450 000.00 | SEK | 8 377 794.75 | 4.6.2021 | 5 387.49 | 0.00 |
| AUD | 39 225 200.00 | USD | 30 459 470.03 | 28.6.2021 | -93 810.22 | -0.03 |
| CAD | 23 033 100.00 | USD | 19 122 242.01 | 28.6.2021 | -57 466.70 | -0.02 |
| EUR | 90 649 800.00 | USD | 111 202 919.80 | 28.6.2021 | -318 591.08 | -0.12 |
| CHF | 784 700.00 | USD | 879 026.29 | 28.6.2021 | -5 974.18 | 0.00 |
| USD | 821 405.16 | GBP | 580 000.00 | 4.6.2021 | -3 065.81 | 0.00 |
| USD | 20 552.16 | CHF | 18 400.00 | 28.6.2021 | 80.44 | 0.00 |
| USD | 2 121 973.78 | IDR | 30 344 225 000.00 | 4.6.2021 | -3 615.25 | 0.00 |
| IDR | 30 344 300 000.00 | USD | 2 116 207.55 | 6.7.2021 | 6 767.76 | 0.00 |
| USD | 1 184 171.15 | EUR | 970 000.00 | 4.6.2021 | -1 825.21 | 0.00 |
| USD | 77 238.99 | BRL | 410 000.00 | 6.7.2021 | -657.33 | 0.00 |
| BRL | 410 000.00 | USD | 77 468.12 | 4.6.2021 | 649.31 | 0.00 |
| EUR | 294 800.00 | USD | 359 396.58 | 1.6.2021 | 1 040.64 | 0.00 |
| USD | 359 574.34 | EUR | 294 800.00 | 28.6.2021 | -1 029.88 | 0.00 |
| MYR | 2 890 000.00 | USD | 698 151.95 | 6.7.2021 | 2 044.81 | 0.00 |
| USD | 698 405.03 | MYR | 2 890 000.00 | 4.6.2021 | -2 222.26 | 0.00 |
| PHP | 154 969 900.00 | USD | 3 243 405.19 | 4.6.2021 | 5 893.81 | 0.00 |
| USD | 3 234 557.60 | PHP | 155 000 000.00 | 6.7.2021 | -9 280.42 | 0.00 |
| USD | 1 018 472.24 | KRW | 1 137 358 500.00 | 4.6.2021 | -5 530.82 | 0.00 |
| KRW | 1 138 000 000.00 | USD | 1 019 101.44 | 6.7.2021 | 7 155.09 | 0.00 |
| USD | 5 387 823.12 | RUB | 397 995 800.00 | 6.7.2021 | -13 419.75 | -0.01 |
| RUB | 397 995 800.00 | USD | 5 411 227.74 | 4.6.2021 | 13 327.21 | 0.00 |
| USD | 1 085 226.45 | TWD | 30 000 000.00 | 6.7.2021 | -8 001.19 | 0.00 |
| TWD | 30 000 000.00 | USD | 1 081 470.80 | 4.6.2021 | 5 715.50 | 0.00 |
| CNY | 5 850 000.00 | USD | 916 999.76 | 4.6.2021 | 2 346.59 | 0.00 |
| USD | 915 421.33 | CNY | 5 850 000.00 | 6.7.2021 | -336.06 | 0.00 |
| USD | 93 159.14 | AUD | 120 800.00 | 28.6.2021 | -356.55 | 0.00 |
| Total Devisenterminkontrakte | -3 810 006.77 | -1.41 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 10 463 833.17 | 3.87 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -1 675 254.13 | -0.62 |
| Andere Aktiva und Passiva | 684 687.87 | 0.26 |
| Total des Nettovermögens | 270 168 850.14 | 100.00 |

UBS (Lux) Bond SICAV – Global Short Term Flexible (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021