# UBS (Lux) Bond Fund – CHF Flexible*
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 31.3.2023 | 31.3.2022 | 31.3.2021 |
| Net assets in CHF |  | 263 296 319.98 | 402 228 490.04 | 452 493 221.88 |
| Class F-acc | LU0415163566 |  |  |  |
| Units outstanding |  | 23 944.3310 | 15 248.2830 | 15 530.2450 |
| Net asset value per unit in CHF |  | 2 497.84 | 2 541.86 | 2 762.45 |
| Issue and redemption price per unit in CHF 1 |  | 2 497.84 | 2 541.86 | 2 762.45 |
| Class I-A1-acc | LU0415164028 |  |  |  |
| Units outstanding |  | 283 223.7320 | 198 192.8090 | 178 129.9520 |
| Net asset value per unit in CHF |  | 98.95 | 100.85 | 109.80 |
| Issue and redemption price per unit in CHF 1 |  | 98.95 | 100.85 | 109.80 |
| Class I-A3-acc | LU0415164531 |  |  |  |
| Units outstanding |  | 26 153.9200 | 1 237 707.8670 | 1 079 983.3790 |
| Net asset value per unit in CHF |  | 92.35 | 93.94 | 102.06 |
| Issue and redemption price per unit in CHF 1 |  | 92.35 | 93.94 | 102.06 |
| Class P-acc | LU0010001369 |  |  |  |
| Units outstanding |  | 45 631.3350 | 61 550.1290 | 67 037.4730 |
| Net asset value per unit in CHF |  | 2 340.67 | 2 396.29 | 2 620.39 |
| Issue and redemption price per unit in CHF 1 |  | 2 340.67 | 2 396.29 | 2 620.39 |
| Class P-dist | LU0010001286 |  |  |  |
| Units outstanding |  | 51 330.8660 | 60 208.2000 | 72 579.0030 |
| Net asset value per unit in CHF |  | 1 042.78 | 1 067.56 | 1 167.40 |
| Issue and redemption price per unit in CHF 1 |  | 1 042.78 | 1 067.56 | 1 167.40 |
| Class Q-acc | LU0415163723 |  |  |  |
| Units outstanding |  | 62 769.7810 | 90 724.2650 | 130 762.3690 |
| Net asset value per unit in CHF |  | 92.69 | 94.57 | 103.04 |
| Issue and redemption price per unit in CHF 1 |  | 92.69 | 94.57 | 103.04 |
| Class Q-dist | LU0415163640 |  |  |  |
| Units outstanding |  | 77 600.2710 | 75 466.8220 | 59 793.6440 |
| Net asset value per unit in CHF |  | 88.85 | 90.96 | 99.40 |
| Issue and redemption price per unit in CHF 1 |  | 88.85 | 90.96 | 99.40 |
| 1  See note 1 |  |  |  |  |
| Performance |  |  |  |  |
|  | Currency | 2022/2023 | 2021/2022 | 2020/2021 |
| Class F-acc | CHF | -1.7% | -8.0% | 6.3% |
| Class I-A1-acc | CHF | -1.9% | -8.2% | 6.5% |
| Class I-A3-acc | CHF | -1.7% | -8.0% | 6.8% |
| Class P-acc | CHF | -2.3% | -8.6% | 5.6% |
| Class P-dist | CHF | -2.3% | -8.6% | 5.6% |
| Class Q-acc | CHF | -2.0% | -8.2% | 6.0% |
| Class Q-dist | CHF | -2.0% | -8.2% | 6.0% |
| Benchmark: 1 SBI ®  Foreign AAA-BBB (TR) Index | CHF | -3.8% | -6.0% | 4.8% |
| 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 units. The performance data were not audited.
1 
The subfund is actively managed. The index is a point of reference against which the performance of the subfund may be measured.
UBS (Lux) Bond Fund – CHF Flexible*
* formerly UBS (Lux) Bond Fund – CHF
Annual report and audited financial statement as of 31 March 2023

#### Report of the Portfolio Manager
Swiss capital market interest rates increased in the finan- cial year from 1 April 2022 to 31 March 2023 across all maturities. Five-year swap rates moved up by approx. 1.37% to 1.99% as per end of March 2023. Ten-year rates increased by 1.05% to 1.92%. Over the report- ing period swap spreads of CHF foreign issuers moved down to 17bp from 31bp while the month of March 2023 showed the largest volatility due to the failure of a regional US bank and the acquisition of Credit Suisse AG by UBS AG. The Swiss National Bank started to hike interest rates, raising the SNB target rate from -0.75% to
+1.50% at the end of March 2023.
The subfund posted a negative performance primarily due to the rising yield environment. The duration was kept slightly short between May 2022 until February 2023 and neutral since then. The sector positioning, with an overweight in corporate bonds and issue selection, was a positive performance contributor.

#### Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
Switzerland	10.13
| United States | 9.58 |
| --- | --- |
| Germany | 8.27 |
| France | 7.90 |
| United Kingdom | 7.40 |
| Australia | 5.58 |
| Canada | 5.19 |
| Chile | 4.84 |
| Cayman Islands | 4.82 |
| Luxembourg | 4.16 |
| Spain | 3.98 |
| Austria | 3.42 |
| South Korea | 3.37 |
| The Netherlands | 3.29 |
| Supranationals | 2.38 |
| United Arab Emirates | 1.96 |
| Bermuda | 1.25 |
| Kazakhstan | 1.22 |
| Bolivia | 1.17 |
| Mexico | 1.13 |
| Jersey | 1.12 |
| Honduras | 1.10 |
| Poland | 0.92 |
| Ireland | 0.71 |
| Sweden | 0.56 |
| Panama | 0.52 |
| Finland | 0.52 |
| Greece | 0.45 |
| New Zealand | 0.44 |
| Denmark | 0.41 |
| Guernsey | 0.39 |
| Norway | 0.33 |
| Venezuela | 0.22 |
| Total | 98.73 |

Economic Breakdown as a % of net assets	
| Banks & credit institutions | 50.28 |
| --- | --- |
| Finance & holding companies | 23.19 |
| Supranational organisations | 7.39 |
| Public, non-profit institutions | 3.37 |
| Insurance | 2.43 |
| Real Estate | 1.89 |
| Telecommunications | 1.66 |
| Cantons, federal states | 1.65 |
| Investment funds | 1.59 |
| Traffic & transportation | 1.49 |
| Petroleum | 1.13 |
| Aerospace industry | 0.79 |
| Mechanical engineering & industrial equipment | 0.61 |
| Computer hardware & network equipment providers | 0.32 |
| Electrical devices & components | 0.23 |
| Food & soft drinks | 0.22 |
| Miscellaneous services | 0.20 |
| Energy & water supply | 0.18 |
| Retail trade, department stores | 0.11 |
| Total | 98.73 |

UBS (Lux) Bond Fund – CHF Flexible*
* formerly UBS (Lux) Bond Fund – CHF
Annual report and audited financial statement as of 31 March 2023

#### Statement of Net Assets
CHF
Assets	31.3.2023
Investments in securities, cost	290 436 845.52
| Investments in securities, unrealized appreciation (depreciation) | 	-30 475 239.16	 |
| --- | --- |
| Total investments in securities (Note 1) | 259 961 606.36 |
| Cash at banks, deposits on demand and deposit accounts | 5 956 084.88 |
| Receivable on securities sales (Note 1) | 60 000.00 |
| Receivable on subscriptions | 49 905.68 |
| Interest receivable on securities | 1 222 681.00 |
| Prepaid expenses | 100 709.12 |
| Unrealized gain on Swaps (Note 1) | 2 830.40 |
| Total Assets | 267 353 817.44 |
|  |  |
| Liabilities |  |
| Bank overdraft | -261.93 |
| Payable on securities purchases (Note 1) | -799 800.00 |
| Payable on redemptions | -2 996 003.75 |
| Provisions for flat fee (Note 2) | -136 300.88 |
| Provisions for taxe d’abonnement (Note 3) | -23 506.16 |
| Provisions for other commissions and fees (Note 2) | 	-101 624.74	 |
| Total provisions | -261 431.78 |
| Total Liabilities | -4 057 497.46 |
|  |  |
| Net assets at the end of the financial year | 263 296 319.98 |
| Statement of Operations | CHF |
| Income | 1.4.2022-31.3.2023 |
| Interest on liquid assets | 10 341.86 |
| Interest on securities | 3 022 819.15 |
| Interest received on swaps (Note 1) | 238.88 |
| Net income on securities lending (Note 14) | 12 986.49 |
| Other income | 467 250.11 |
| Total income | 3 513 636.49 |
|  |  |
| Expenses |  |
| Interest paid on swaps (Note 1) | -1 395.77 |
| Flat fee (Note 2) | -1 899 216.10 |
| Taxe d’abonnement (Note 3) | -106 863.02 |
| Other commissions and fees (Note 2) | -108 583.81 |
| Interest on cash and bank overdraft | -40 485.95 |
| Total expenses | -2 156 544.65 |
|  |  |
| Net income (loss) on investments | 1 357 091.84 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | -14 081 627.60 |
| Realized gain (loss) on yield-evaluated securities and money market instruments | -9 457.31 |
| Realized gain (loss) on financial futures | -1 007 150.00 |
| Realized gain (loss) on forward foreign exchange contracts | -83 231.10 |
| Realized gain (loss) on swaps | 2 111 077.84 |
| Realized gain (loss) on foreign exchange | 3 490.62 |
| Total realized gain (loss) | -13 066 897.55 |
|  |  |
| Net realized gain (loss) of the financial year | -11 709 805.71 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 2 460 687.18 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | 9 128.24 |
| Unrealized appreciation (depreciation) on financial futures | 108 062.50 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | -3 475.04 |
| Unrealized appreciation (depreciation) on swaps | 2 830.40 |
| Total changes in unrealized appreciation (depreciation) | 2 577 233.28 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | -9 132 572.43 |

UBS (Lux) Bond Fund – CHF Flexible*
* formerly UBS (Lux) Bond Fund – CHF
Annual report and audited financial statement as of 31 March 2023
| Statement of Changes in Net Assets |  |
| --- | --- |
|  |  | CHF |
|  |  | 1.4.2022-31.3.2023 |
| Net assets at the beginning of the financial year |  | 402 228 490.04 |
| Subscriptions |  | 81 045 867.24 |
| Redemptions |  | 	-210 823 517.39	 |
| Total net subscriptions (redemptions) |  | -129 777 650.15 |
| Dividend paid |  | -21 947.48 |
| Net income (loss) on investments |  | 1 357 091.84 |
| Total realized gain (loss) |  | -13 066 897.55 |
| Total changes in unrealized appreciation (depreciation) |  | 	2 577 233.28	 |
| Net increase (decrease) in net assets as a result of operations |  | -9 132 572.43 |
| Net assets at the end of the financial year |  | 263 296 319.98 |
| Development of the outstanding units |  |  |
|  |  | 1.4.2022-31.3.2023 |
| Class |  | F-acc |
| Number of units outstanding at the beginning of the financial year |  | 15 248.2830 |
| Number of units issued |  | 18 914.8860 |
| Number of units redeemed |  | -10 218.8380 |
| Number of units outstanding at the end of the financial year |  | 23 944.3310 |
| Class |  | I-A1-acc |
| Number of units outstanding at the beginning of the financial year |  | 198 192.8090 |
| Number of units issued |  | 127 815.2440 |
| Number of units redeemed |  | -42 784.3210 |
| Number of units outstanding at the end of the financial year |  | 283 223.7320 |
| Class |  | I-A3-acc |
| Number of units outstanding at the beginning of the financial year |  | 1 237 707.8670 |
| Number of units issued |  | 166 646.9500 |
| Number of units redeemed |  | -1 378 200.8970 |
| Number of units outstanding at the end of the financial year |  | 26 153.9200 |
| Class |  | P-acc |
| Number of units outstanding at the beginning of the financial year |  | 61 550.1290 |
| Number of units issued |  | 1 398.0410 |
| Number of units redeemed |  | -17 316.8350 |
| Number of units outstanding at the end of the financial year |  | 45 631.3350 |
| Class |  | P-dist |
| Number of units outstanding at the beginning of the financial year |  | 60 208.2000 |
| Number of units issued |  | 555.4440 |
| Number of units redeemed |  | -9 432.7780 |
| Number of units outstanding at the end of the financial year |  | 51 330.8660 |
| Class |  | Q-acc |
| Number of units outstanding at the beginning of the financial year |  | 90 724.2650 |
| Number of units issued |  | 7 976.5600 |
| Number of units redeemed |  | -35 931.0440 |
| Number of units outstanding at the end of the financial year |  | 62 769.7810 |
| Class |  | Q-dist |
| Number of units outstanding at the beginning of the financial year |  | 75 466.8220 |
| Number of units issued |  | 23 668.9550 |
| Number of units redeemed |  | -21 535.5060 |
| Number of units outstanding at the end of the financial year |  | 77 600.2710 |
| Annual Distribution 1 |  |  |
| UBS (Lux) Bond Fund – CHF Flexible*	Ex-Date | Pay-Date | Currency	Amount per unit |
| P-dist	1.6.2022 | 7.6.2022 | CHF	0.00 |
| Q-dist	1.6.2022 | 7.6.2022 | CHF	0.31 |
| 1  See note 4 * formerly UBS (Lux) Bond Fund – CHF |  |  |

UBS (Lux) Bond Fund – CHF Flexible*
* formerly UBS (Lux) Bond Fund – CHF
Annual report and audited financial statement as of 31 March 2023

#### Statement of Investments in Securities and other Net Assets as of 31 March 2023
| Description | Quantity/ | Valuation in CHF | 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 |  |  |  |
| CHF |  |  |  |
| CHF	BERNER KANTONALBANK AG-REG-S-SUB 0.85000% 22-21.01.32 | 770 000.00 | 639 100.00 | 0.24 |
| CHF	CANADIAN IMPERIAL BANK OF COMMERCE 0.18000% 21-20.04.29 | 1 000 000.00 | 854 500.00 | 0.32 |
| CHF	CETRAL AMRICA BNK FR ECON INTEGR-REG-S 2.13750% 22-13.12.27 | 1 000 000.00 | 989 000.00 | 0.38 |
| CHF	ITAU BBA INTERNATIONAL PLC-REG-S 0.56000% 22-17.02.25 | 1 100 000.00 | 1 059 300.00 | 0.40 |
| CHF	NORTH AMERICAN DEVELOPMENT BANK 0.25000% 15-30.04.25 | 1 000 000.00 | 963 000.00 | 0.37 |
| CHF	RZD CAP PLC/RUSS RAIL-REG-S *DEFAULTED* 0.89800% 19-03.10.25 | 1 600 000.00 | 424 000.00 | 0.16 |
| CHF	RZD CAP PLC/RUSS RAIL-REG-S *DEFAULTED* 1.19500% 19-03.04.28 | 250 000.00 | 67 500.00 | 0.03 |
| Total CHF |  | 4 996 400.00 | 1.90 |
| Total Notes, fixed rate |  | 4 996 400.00 | 1.90 |
| Notes, zero coupon |  |  |  |
| CHF |  |  |  |
| CHF	CREDIT SUISSE SCHWEIZ AG-REG-S 0.00000% 20-31.10.30 | 400 000.00 | 314 600.00 | 0.12 |
| Total CHF |  | 314 600.00 | 0.12 |
| Total Notes, zero coupon |  | 314 600.00 | 0.12 |
| Notes, floating rate |  |  |  |
| CHF |  |  |  |
| CHF	HELVETIA SCHWEIZ VERSICHERUNGS-REG-S-SUB 1.750%/VAR 20-PRP | 1 000 000.00 | 882 000.00 | 0.33 |
| CHF	LUZERNER KANTONALBANK-REG-S-SUB 2.000%/VAR 21-PRP | 1 000 000.00 | 780 000.00 | 0.30 |
| CHF	RZD CAP PLC/RUS RAIL-REG-S-SUB *DEFAULTED* 3.125%/VAR 21-PRP | 2 000 000.00 | 240 000.00 | 0.09 |
| CHF	SWISS LIFE AG-REG-S-SUB 1.750%/VAR 21-PRP | 2 000 000.00 | 1 800 000.00 | 0.68 |
| CHF	UBS GROUP AG-REG-S-SUB 3.375%/VAR 22-PRP | 1 800 000.00 | 1 377 000.00 | 0.52 |
| CHF	ZUERCHER KANTONALBANK-REG-S-SUB 1.750%/VAR 20-PRP | 1 400 000.00 | 1 176 000.00 | 0.45 |
| CHF	ZURICH INSURANCE CO LTD-REG-S-SUB 1.500%/VAR 22-03.05.52 | 1 000 000.00 | 787 000.00 | 0.30 |
| Total CHF |  | 7 042 000.00 | 2.67 |
| Total Notes, floating rate |  | 7 042 000.00 | 2.67 |
| Medium term notes, fixed rate |  |  |  |
| CHF |  |  |  |
| CHF	ABN AMRO BANK NV-REG-S 2.62500% 23-02.03.28 | 800 000.00 | 799 600.00 | 0.30 |
| CHF	ADCB FINANCE CAYMAN LTD-REG-S 0.50000% 19-29.11.24 | 2 650 000.00 | 2 549 300.00 | 0.97 |
| CHF	AKADEMISKA HUS AB 0.30000% 17-08.10.29 | 1 645 000.00 | 1 475 565.00 | 0.56 |
| CHF	AMP GROUP FINANCE SERVICES LTD-REG-S 0.80000% 19-18.07.23 | 2 250 000.00 | 2 238 075.00 | 0.85 |
| CHF	AMP GROUP FINANCE SERVICES LTD-REG-S 0.20310% 20-03.06.24 | 200 000.00 | 192 040.00 | 0.07 |
| CHF	AROUNDTOWN SA-REG-S 0.73200% 18-30.01.25 | 625 000.00 | 518 750.00 | 0.20 |
| CHF	AROUNDTOWN SA-REG-S 1.72000% 19-05.03.26 | 710 000.00 | 569 775.00 | 0.22 |
| CHF	ASB FINANCE LTD-REG-S 0.11750% 21-29.06.28 | 1 100 000.00 | 964 150.00 | 0.37 |
| CHF	ATHENE GLOBAL FUNDING-REG-S 0.85000% 20-14.10.25 | 900 000.00 | 836 550.00 | 0.32 |
| CHF	ATHENE GLOBAL FUNDING-REG-S 0.50000% 21-15.01.27 | 1 650 000.00 | 1 467 675.00 | 0.56 |
| CHF	AUCHAN HOLDING SA-REG-S 1.50000% 14-03.06.24 | 300 000.00 | 294 660.00 | 0.11 |
| CHF	BANCO BICE-REG-S 0.75000% 21-29.10.26 | 1 000 000.00 | 875 000.00 | 0.33 |
| CHF	BANCO BILBAO VIZCAYA ARGENTARIA 2.40750% 22-28.11.25 | 800 000.00 | 798 400.00 | 0.30 |
| CHF	BANCO BILBAO VIZCAYA ARGENTARIA 2.77000% 22-28.11.28 | 500 000.00 | 488 250.00 | 0.19 |
| CHF	BANCO DE CREDITO E INVERSIONES-REG-S 0.40000% 19-22.11.24 | 1 550 000.00 | 1 489 550.00 | 0.57 |
| CHF	BANCO DE CREDITO E INVERSIONES SA-REG-S 0.10000% 20-18.09.26 | 1 485 000.00 | 1 338 727.50 | 0.51 |
| CHF	BANCO DE CREDITO E INVERSIONES SA-REG-S 0.59940% 22-26.04.27 | 880 000.00 | 793 760.00 | 0.30 |
| CHF	BANCO DEL ESTADO DE CHILE-REG-S 0.69250% 18-04.12.24 | 2 200 000.00 | 2 119 700.00 | 0.81 |
| CHF	BANCO DEL ESTADO DE CHILE-REG-S 0.24000% 19-06.06.25 | 1 550 000.00 | 1 462 425.00 | 0.56 |
| CHF	BANCO SANTANDER CHILE-REG-S 0.38400% 19-27.09.24 | 1 175 000.00 | 1 135 637.50 | 0.43 |
| CHF	BANCO SANTANDER CHILE-REG-S 0.13500% 19-29.08.29 | 500 000.00 | 407 000.00 | 0.15 |
| CHF	BANCO SANTANDER CHILE SA-REG-S 0.29750% 21-22.10.26 | 1 000 000.00 | 902 500.00 | 0.34 |
| CHF	BANCO SANTANDER SA-REG-S 0.31000% 21-09.06.28 | 1 200 000.00 | 1 043 400.00 | 0.40 |
| CHF	BANCO SANTANDER SA-REG-S 1.32750% 22-10.06.25 | 1 500 000.00 | 1 464 000.00 | 0.56 |
| CHF	BANK FUER ARBEIT UN WIRTSCHAFT AG 2.05250% 23-14.04.28 | 800 000.00 | 799 352.00 | 0.30 |
| CHF	BANK OF AMERICA CORP-REG-S 0.25250% 19-12.06.26 | 1 000 000.00 | 940 500.00 | 0.36 |
| CHF	BANK OF MONTREAL-REG-S 2.26000% 23-01.02.29 | 800 000.00 | 783 120.00 | 0.30 |
| CHF	BANK OF NOVA SCOTIA-REG-S 0.30250% 21-30.07.31 | 600 000.00 | 488 400.00 | 0.19 |
| CHF	BANK OF NOVA SCOTIA/THE 0.27800% 22-01.04.27 | 1 000 000.00 | 931 000.00 | 0.35 |
| CHF	BANQUE FEDER DU CREDIT MUTUEL 0.25000% 19-24.10.29 | 1 250 000.00 | 1 055 000.00 | 0.40 |
| CHF	BANQUE FEDER DU CREDIT MUTUEL-REG-S 0.20000% 20-03.11.28 | 400 000.00 | 348 600.00 | 0.13 |
| CHF	BANQUE FEDERATIVE DU CREDIT MUTUEL 0.60000% 17-05.04.27 | 500 000.00 | 461 500.00 | 0.18 |
| CHF	BANQUE FEDERATIVE DU CREDIT-REG-S 1.00000% 18-13.11.26 | 250 000.00 | 237 000.00 | 0.09 |
| CHF	BANQUE INTL A LUXEMBOURG SA-REG-S 1.00000% 19-10.07.25 | 700 000.00 | 650 300.00 | 0.25 |
| CHF	BARCLAYS PLC-REG-S 0.31500% 21-04.06.27 | 1 600 000.00 | 1 450 400.00 | 0.55 |
| CHF	BAWAG PSK BANK FUER ARBEIT UND WI-REG-S 2.95500% 22-29.11.27 | 850 000.00 | 855 525.00 | 0.32 |
| CHF	BERLIN HYP AG 0.25000% 20-11.09.28 | 500 000.00 | 445 750.00 | 0.17 |
| CHF	BERLIN HYP AG 0.25000% 21-04.10.29 | 700 000.00 | 603 400.00 | 0.23 |
| CHF	BERLIN-HANNOVERSCHE HYPOTHKNBNK-REG-S 0.25000% 21-10.03.31 | 700 000.00 | 580 300.00 | 0.22 |
| CHF	BNP PARIBAS SA 0.52750% 22-20.01.28 | 800 000.00 | 719 200.00 | 0.27 |
| CHF	BNP PARIBAS SA 2.41250% 23-13.01.28 | 400 000.00 | 400 000.00 | 0.15 |
| CHF	BNP PARIBAS SA 2.89250% 22-27.09.29 | 800 000.00 | 790 800.00 | 0.30 |
| CHF	BNP PARIBAS SA-REG-S 0.30000% 19-15.10.27 | 1 200 000.00 | 1 071 600.00 | 0.41 |
| CHF	BNP PARIBAS SA-REG-S 0.15000% 20-10.03.28 | 1 000 000.00 | 879 500.00 | 0.33 |
| CHF	BNP PARIBAS SA-REG-S 0.14750% 21-13.07.27 | 2 000 000.00 | 1 816 000.00 | 0.69 |
| CHF	BNP PARIBAS-REG-S 0.50000% 21-16.03.29 | 800 000.00 | 690 800.00 | 0.26 |
| CHF	BNP PARIBAS-REG-S 1.00000% 18-06.06.25 | 375 000.00 | 358 500.00 | 0.14 |
| CHF	BNZ INTERNATIONAL FUND LTD/LONDON-REG-S 0.11100% 20-24.07.28 | 920 000.00 | 800 860.00 | 0.30 |
| CHF	BOS FUNDING LTD-REG-S 1.50000% 19-29.11.23 | 2 400 000.00 | 2 347 680.00 | 0.89 |
| CHF	CAIXABANK SA-REG-S 0.47700% 21-01.07.27 | 600 000.00 | 546 000.00 | 0.21 |

UBS (Lux) Bond Fund – CHF Flexible*
- formerly UBS (Lux) Bond Fund – CHFAnnual report and audited financial statement as of 31 March 2023

|  | Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| CHF | CANADIAN IMPERIAL BANK-REG-S 0.05000% 19-15.10.26 | 900 000.00 | 823 050.00 | 0.31 |
| CHF | CANADIAN IMPERIAL BK OF COM-REG-S 0.96750% 22-26.04.29 | 750 000.00 | 702 375.00 | 0.27 |
| CHF | CBQ FINANCE LTD-REG-S 0.73500% 20-27.11.24 | 2 100 000.00 | 2 030 700.00 | 0.77 |
| CHF | CBQ FINANCE LTD-REG-S 0.19500% 21-22.04.24 | 1 300 000.00 | 1 266 330.00 | 0.48 |
| CHF | CELLNEX FINANCE CO SA 0.93500% 21-26.03.26 | 1 500 000.00 | 1 417 500.00 | 0.54 |
| CHF | CELLNEX TELECOM SA 1.11750% 20-17.07.25 | 1 700 000.00 | 1 631 150.00 | 0.62 |
| CHF | CELLNEX TELECOM SA-REG-S 0.77500% 20-18.02.27 | 3 000 000.00 | 2 735 100.00 | 1.04 |
| CHF | CENTRAL AMERICAN BANK ECO INTEGRA-REG-S 0.11000% 21-15.12.28 | 800 000.00 | 695 600.00 | 0.26 |
| CHF | CENTRAL AMERICAN BK ECO INTEGRAT-REG-S 0.40500% 20-25.06.25 | 750 000.00 | 719 625.00 | 0.27 |
| CHF | CENTRAL AMERICAN BK ECO INTEGRAT-REG-S 0.17000% 21-29.09.31 | 1 500 000.00 | 1 214 250.00 | 0.46 |
| CHF | CIE DE FINANCEMENT FONCIER SA-REG-S 0.89000% 22-27.04.29 | 600 000.00 | 559 200.00 | 0.21 |
| CHF | CITIGROUP INC-REG-S 0.50000% 19-01.11.28 | 1 400 000.00 | 1 252 300.00 | 0.48 |
| CHF | CITIGROUP INC-REG-S 0.25000% 21-30.08.29 | 500 000.00 | 426 500.00 | 0.16 |
| CHF | CNTRL AMRCAN BANK FOR ECO INTGTIN REG-S 1.54620% 22-30.11.26 | 1 000 000.00 | 970 500.00 | 0.37 |
| CHF | COMMERZBANK AG-REG-S 1.10000% 18-11.07.25 | 1 200 000.00 | 1 156 200.00 | 0.44 |
| CHF | COMMERZBANK AG-REG-S 3.37500% 22-29.09.26 | 1 200 000.00 | 1 188 000.00 | 0.45 |
| CHF | COMMERZBANK AG-REG-S 3.26250% 23-03.02.27 | 1 600 000.00 | 1 575 200.00 | 0.60 |
| CHF | COMMONWEALTH BANK OF AUSTRALIA 0.40000% 17-25.09.26 | 1 000 000.00 | 936 000.00 | 0.36 |
| CHF | COMMONWEALTH BANK OF AUSTRALIA-REG-S 1.24000% 22-02.09.29 | 4 170 000.00 | 3 957 330.00 | 1.50 |
| CHF | COMPAGNIE DE FINANCEMENT FONCIER 1.90300% 23-16.06.28 | 1 000 000.00 | 992 000.00 | 0.38 |
| CHF | CORP ANDINA DE FOMENTO-REG-S 2.42750% 23-15.02.30 | 1 400 000.00 | 1 380 540.00 | 0.52 |
| CHF | CORPORACION ANDINA DE FOMENTO-REG-S 1.50000% 14-01.12.28 | 1 600 000.00 | 1 505 600.00 | 0.57 |
| CHF | CORPORACION ANDINA DE FOMENTO 0.50000% 15-26.02.26 | 1 200 000.00 | 1 134 600.00 | 0.43 |
| CHF | CORPORACION ANDINA DE FOMENTO-REG-S 0.70000% 20-04.09.25 | 300 000.00 | 288 600.00 | 0.11 |
| CHF | CPI PROPERTY GROUP SA-REG-S 1.63000% 18-25.10.23 | 3 080 000.00 | 2 916 760.00 | 1.11 |
| CHF | CREDIT AGRICOLE HOME LOAN SFH SA 0.25000% 17-27.07.27 | 500 000.00 | 462 250.00 | 0.18 |
| CHF | CREDIT AGRICOLE HOME LOAN SFH SA-REG-S 0.50000% 18-03.10.28 | 1 000 000.00 | 918 000.00 | 0.35 |
| CHF | CREDIT AGRICOLE HOME LOAN SFH SA-REG-S 0.25000% 19-24.10.29 | 250 000.00 | 222 625.00 | 0.08 |
| CHF | CREDIT AGRICOLE SA LONDON-REG-S 1.00000% 19-07.11.25 | 600 000.00 | 572 700.00 | 0.22 |
| CHF | CREDIT AGRICOLE SA LONDON-REG-S 0.12750% 20-27.07.28 | 1 230 000.00 | 1 082 400.00 | 0.41 |
| CHF | CREDIT AGRICOLE SA LONDON-REG-S 0.50000% 20-01.10.26 | 2 200 000.00 | 2 029 500.00 | 0.77 |
| CHF | CREDIT AGRICOLE SA-REG-S 0.25000% 21-10.03.31 | 1 050 000.00 | 864 675.00 | 0.33 |
| CHF | CREDIT AGRICOLE SA-REG-S 0.16370% 21-28.04.28 | 600 000.00 | 531 600.00 | 0.20 |
| CHF | CREDIT AGRICOLE SA/LONDON-SUB 2.12500% 15-29.09.25 | 1 380 000.00 | 1 349 640.00 | 0.51 |
| CHF | CREDIT AGRICOLE SA/LONDON-REG-S-SUB 0.25000% 19-10.10.29 | 875 000.00 | 749 000.00 | 0.28 |
| CHF | CREDIT SUISSE GROUP AG 1.00000% 15-14.04.23 | 1 050 000.00 | 1 037 479.80 | 0.39 |
| CHF | CREDIT SUISSE LONDON BRANCH 0.55000% 16-15.04.24 | 2 000 000.00 | 1 910 000.00 | 0.73 |
| CHF | DEUTSCHE BAHN FINANCE GMBH-REG-S 0.45000% 17-08.11.30 | 700 000.00 | 620 550.00 | 0.24 |
| CHF | DEUTSCHE BAHN FINANCE GMBH-REG-S 0.50000% 18-18.07.28 | 700 000.00 | 646 450.00 | 0.25 |
| CHF | DEUTSCHE BAHN FINANCE GMBH-REG-S 0.10000% 19-19.06.29 | 755 000.00 | 666 287.50 | 0.25 |
| CHF | DEUTSCHE BAHN FINANCE GMBH-REG-S 0.50000% 19-19.06.34 | 500 000.00 | 419 000.00 | 0.16 |
| CHF | DEUTSCHE BAHN FINANCE GMBH 0.20000% 21-20.05.33 | 2 000 000.00 | 1 652 000.00 | 0.63 |
| CHF | DEUTSCHE BAHN FINANCE GMBH-REG-S 0.10000% 21-28.01.36 | 2 000 000.00 | 1 543 000.00 | 0.59 |
| CHF | DEUTSCHE BAHN FINANCE GMBH-REG-S 0.25000% 21-27.10.31 | 1 000 000.00 | 854 500.00 | 0.32 |
| CHF | DEUTSCHE BANK AG 0.31500% 21-14.09.27 | 1 200 000.00 | 1 028 400.00 | 0.39 |
| CHF | DEUTSCHE BANK AG-REG-S 0.80000% 20-07.02.25 | 200 000.00 | 188 900.00 | 0.07 |
| CHF | DEUTSCHE BANK AG-REG-S 3.64500% 23-27.01.29 | 1 400 000.00 | 1 293 053.55 | 0.49 |
| CHF | DOHA FINANCE LTD-REG-S 0.46500% 22-24.01.24 | 2 650 000.00 | 2 598 590.00 | 0.99 |
| CHF | DZ BANK AG DEUTSCHE-REG-S 2.62500% 23-27.08.29 | 1 000 000.00 | 995 000.00 | 0.38 |
| CHF | DZ BANK AG DUTSE ZENTRAL-REG-S-SUB 3.84500% 22-17.08.32 | 600 000.00 | 600 900.00 | 0.23 |
| CHF | ERSTE GROUP BANK AG-REG-S 0.25000% 21-02.10.28 | 400 000.00 | 347 600.00 | 0.13 |
| CHF | EUROPEAN INVESTMENT BANK 3.12500% 06-30.06.36 | 1 500 000.00 | 1 729 500.00 | 0.66 |
| CHF | EXPORT-IMPORT BANK OF KOREA 0.17000% 17-18.07.25 | 1 000 000.00 | 953 000.00 | 0.36 |
| CHF | FIRST ABU DHABI BANK PJSC-REG-S 0.07000% 19-18.10.27 | 500 000.00 | 445 500.00 | 0.17 |
| CHF | FIRST ABU DHABI BANK PJSC-REG-S 0.40100% 19-02.10.24 | 1 500 000.00 | 1 453 500.00 | 0.55 |
| CHF | FIRST ABU DHABI BANK PJSC-REG-S 0.20500% 19-04.12.25 | 2 000 000.00 | 1 879 000.00 | 0.71 |
| CHF | FIRST ABU DHABI BANK PJSC-REG-S 0.06800% 21-31.03.27 | 1 000 000.00 | 902 000.00 | 0.34 |
| CHF | FIRST ABU DHABI BANK PJSC-REG-S 1.06250% 22-14.04.26 | 500 000.00 | 477 000.00 | 0.18 |
| CHF | FORD MOTOR CREDIT CO-REG-S 2.12500% 20-04.12.23 | 2 000 000.00 | 1 977 600.00 | 0.75 |
| CHF | GAZPROM PJSC VIA GAZ FINANCE PLC-REG-S 1.54000% 21-30.06.27 | 1 200 000.00 | 636 000.00 | 0.24 |
| CHF | GLENCORE CAPITAL FINANCE DAC-REG-S 1.00000% 20-30.03.27 | 1 200 000.00 | 1 131 000.00 | 0.43 |
| CHF | GLENCORE FINANCE EUROPE LTD-REG-S 0.35000% 19-10.09.25 | 900 000.00 | 854 100.00 | 0.32 |
| CHF | GOLDMAN SACHS GROUP INC-REG-S 1.00000% 18-24.11.25 | 1 000 000.00 | 962 000.00 | 0.37 |
| CHF | GOLDMAN SACHS GROUP INC-REG-S 0.40000% 21-11.05.28 | 1 000 000.00 | 897 500.00 | 0.34 |
| CHF | HEATHROW FUNDING LTD-REG-S 0.45000% 19-15.10.26 | 1 000 000.00 | 930 500.00 | 0.35 |
| CHF | HSBC HOLDINGS PLC-REG-S 0.32000% 21-03.11.27 | 1 800 000.00 | 1 618 200.00 | 0.61 |
| CHF | HSBC HOLDINGS PLC-REG-S 0.81250% 21-03.11.31 | 800 000.00 | 653 032.00 | 0.25 |
| CHF | HSBC HOLDINGS PLC-REG-S 1.80500% 22-01.06.26 | 1 000 000.00 | 971 000.00 | 0.37 |
| CHF | HYPO VORARLBERG BANK AG-REG-S-SUB 1.62500% 19-29.11.29 | 2 520 000.00 | 2 129 263.21 | 0.81 |
| CHF | HYPO VORARLBERG BANK AG-REG-S 0.12500% 19-03.09.29 | 1 900 000.00 | 1 596 000.00 | 0.61 |
| CHF | HYPO VORARLBERG BANK AG-REG-S 0.12500% 21-23.08.28 | 585 000.00 | 502 807.50 | 0.19 |
| CHF | HYUNDAI CAPITAL SERVICES INC-REG-S 0.26000% 20-11.02.25 | 640 000.00 | 614 400.00 | 0.23 |
| CHF | INDUSTRIAL BANK OF KOREA-REG-S 0.02190% 19-16.07.25 | 1 000 000.00 | 943 000.00 | 0.36 |
| CHF | JACKSON NATIONAL LIFE GLOBAL FUND-REG-S 0.12500% 20-14.07.28 | 2 000 000.00 | 1 719 000.00 | 0.65 |
| CHF | JPMORGAN CHASE & CO-REG-S 0.63000% 20-25.02.35 | 1 200 000.00 | 934 417.61 | 0.35 |
| CHF | JPMORGAN CHASE & CO-REG-S 0.80000% 22-03.02.32 | 2 000 000.00 | 1 715 439.08 | 0.65 |
| CHF | KOMMUNALBANKEN A/S-REG-S 1.27500% 22-22.12.27 | 900 000.00 | 873 450.00 | 0.33 |
| CHF | KOMMUNALKREDIT AUSTRIA AG 3.37500% 06-22.06.26 | 1 000 000.00 | 1 028 000.00 | 0.39 |
| CHF | KOMMUNEKREDIT 2.87500% 06-13.10.31 | 1 000 000.00 | 1 075 000.00 | 0.41 |
| CHF | KOREA HYDRO & NUCLEAR POWER CO-REG-S 0.05000% 19-19.07.27 | 600 000.00 | 538 800.00 | 0.20 |
| CHF | KOREA LAND & HOUSING CORP-REG-S 0.19250% 20-15.06.25 | 930 000.00 | 880 710.00 | 0.33 |
| CHF | LLOYDS BANKING GROUP 0.60250% 22-09.02.29 | 600 000.00 | 524 400.00 | 0.20 |
| CHF | MACQUARIE GROUP LTD-REG-S 0.39500% 21-20.07.28 | 680 000.00 | 602 820.00 | 0.23 |
| CHF | MACQUARIE GROUP LTD-REG-S 1.28500% 22-11.09.29 | 2 500 000.00 | 2 272 500.00 | 0.86 |
| CHF | MANITOBA, PROVINCE OF-REG-S 0.25000% 19-15.03.29 | 1 150 000.00 | 1 042 475.00 | 0.40 |
| CHF | MANITOBA, PROVINCE OF-REG-S 0.80000% 19-15.03.39 | 250 000.00 | 209 000.00 | 0.08 |
| CHF | MBANK SA-REG-S 1.01830% 19-04.10.24 | 2 600 000.00 | 2 416 700.00 | 0.92 |
| CHF | METROPOLITAN LIFE GLOBAL FUNDING-REG-S 0.12500% 19-11.06.27 | 1 400 000.00 | 1 279 600.00 | 0.49 |
| CHF | METROPOLITAN LIFE GLOBAL FUND-REG-S 0.12500% 20-25.09.28 | 900 000.00 | 790 200.00 | 0.30 |
| CHF | MUENCHENER HYPOTHEKENBANK EG-REG-S 0.25000% 19-26.02.29 | 750 000.00 | 674 625.00 | 0.26 |
| CHF | MUENCHENER HYPOTHEKENBANK EG-REG-S 0.20000% 19-18.06.31 | 800 000.00 | 686 800.00 | 0.26 |
| CHF | MUENCHENER HYPOTHEKENBANK EG-REG-S 0.10000% 20-17.12.25 | 1 200 000.00 | 1 124 400.00 | 0.43 |
| CHF | MUENCHENER HYPOTHEKENBANK EG-REG-S 0.20000% 21-03.03.31 | 1 000 000.00 | 818 500.00 | 0.31 |
| CHF | MUENCHENER HYPOTHEKENBANK EG 1.25000% 22-30.06.27 | 1 000 000.00 | 968 500.00 | 0.37 |

UBS (Lux) Bond Fund – CHF Flexible*
* formerly UBS (Lux) Bond Fund – CHF
Annual report and audited financial statement as of 31 March 2023
|  | Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- | --- |
|  |  | Nominal | Unrealized gain | of net |
|  |  |  | (loss) on Futures/ | assets |
|  |  |  | Forward |  |
|  |  |  | Exchange Contracts/ |  |
|  |  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| CHF | MUENCHENER HYPOTHEKENBANK EG 0.25000% 19-31.10.44 | 1 000 000.00 | 662 715.67 | 0.25 |
| CHF | NATIONAL AUSTRALIA BANK LTD-REG-S 0.12500% 19-21.06.27 | 750 000.00 | 680 250.00 | 0.26 |
| CHF | NATIONAL AUSTRALIA BANK LTD-REG-S 0.06500% 20-29.01.29 | 100 000.00 | 87 100.00 | 0.03 |
| CHF | NATIONAL AUSTRALIA BANK LTD-REG-S 1.71500% 23-03.02.33 | 1 000 000.00 | 962 000.00 | 0.37 |
| CHF | NATIONWIDE BUILDING SOCIETY-REG-S 1.91500% 22-08.09.28 | 2 000 000.00 | 1 923 000.00 | 0.73 |
| CHF | NATWEST MARKETS PLC-REG-S 0.89750% 22-04.04.25 | 1 200 000.00 | 1 162 200.00 | 0.44 |
| CHF | NATWEST MARKETS PLC-REG-S 2.78250% 22-06.12.27 | 1 200 000.00 | 1 193 400.00 | 0.45 |
| CHF | NEDERLANDSE WATERSCHAPSBANK NV 0.62500% 17-21.08.37 | 870 000.00 | 723 840.00 | 0.27 |
| CHF | NEW YORK LIFE GLOBAL FUNDING-REG-S 0.25000% 19-18.10.27 | 1 000 000.00 | 910 000.00 | 0.35 |
| CHF | NEW YORK LIFE GLOBAL FUNDING-REG-S 0.12500% 20-11.09.29 | 2 500 000.00 | 2 172 500.00 | 0.83 |
| CHF | NEW YORK LIFE GLOBAL FUNDING-REG-S 0.12500% 21-23.07.30 | 2 800 000.00 | 2 368 800.00 | 0.90 |
| CHF | NORDEA BANK ABP-REG-S 1.81000% 22-15.06.27 | 1 400 000.00 | 1 358 700.00 | 0.52 |
| CHF | ONTARIO, PROVINCE OF 0.25000% 17-28.06.29 | 1 000 000.00 | 903 000.00 | 0.34 |
| CHF | PACIFIC LIFE GLOBAL FUNDING-REG-S 0.25000% 21-26.10.28 | 1 000 000.00 | 864 000.00 | 0.33 |
| CHF | PACIFIC LIFE GLOBAL FUNDING II-REG-S 1.75000% 22-02.05.29 | 500 000.00 | 463 500.00 | 0.18 |
| CHF | QNB FINANCE LTD-REG-S 0.02500% 21-03.06.24 | 1 600 000.00 | 1 549 936.00 | 0.59 |
| CHF | QUEBEC, PROVINCE OF 0.03000% 21-18.06.31 | 500 000.00 | 428 500.00 | 0.16 |
| CHF | ROYAL BANK OF CANADA-REG-S 0.20000% 21-22.09.31 | 1 000 000.00 | 805 000.00 | 0.31 |
| CHF | ROYAL BANK OF CANADA DN-REG-S 0.25000% 21-15.10.29 | 2 700 000.00 | 2 322 000.00 | 0.88 |
| CHF | ROYAL BANK OF CANADA-REG-S 2.08500% 23-31.03.28 | 1 000 000.00 | 1 002 500.00 | 0.38 |
| CHF | SHELL INTERNATIONAL FINANCE BV 0.87500% 15-21.08.28 | 1 000 000.00 | 936 500.00 | 0.36 |
| CHF | SNCF RESEAU 2.62500% 11-11.03.37 | 1 500 000.00 | 1 593 000.00 | 0.60 |
| CHF | SOCIETE GENERALE 0.37500% 21-26.07.28 | 600 000.00 | 531 600.00 | 0.20 |
| CHF | SOCIETE GENERALE SA 2.27750% 23-27.02.26 | 1 000 000.00 | 993 000.00 | 0.38 |
| CHF | SOCIETE GENERALE SA-REG-S 0.25000% 20-25.02.27 | 200 000.00 | 181 500.00 | 0.07 |
| CHF | SOCIETE GENERALE SA-REG-S 2.62500% 22-14.10.26 | 1 000 000.00 | 1 005 000.00 | 0.38 |
| CHF | TANNER SERVICIOS FINANCIEROS SA-REG-S 1.15000% 21-26.04.24 | 1 300 000.00 | 1 247 480.00 | 0.47 |
| CHF | TANNER SERVICIOS FINANCIEROS SA-REG-S 1.00000% 21-16.08.23 | 1 000 000.00 | 984 520.00 | 0.37 |
| CHF | TOYOTA MOTOR FINANCE NETHER BV-REG-S 0.000001% 21-21.05.24 | 800 000.00 | 776 433.57 | 0.29 |
| CHF | TRANSURBAN QUEENSLAND FINANCE PTY-REG-S 1.00000% 18-08.12.25 | 800 000.00 | 769 600.00 | 0.29 |
| CHF | TRANSURBAN QUEENSLAND FINANCE PTY-REG-S 0.87500% 21-19.11.31 | 1 000 000.00 | 870 500.00 | 0.33 |
| CHF | UBS AG LONDON BRANCH-REG-S 0.15000% 21-29.06.28 | 400 000.00 | 354 600.00 | 0.13 |
| CHF | WESTPAC BANKING CORP-REG-S 0.30000% 17-28.11.25 | 600 000.00 | 568 500.00 | 0.22 |
| CHF | WESTPAC BANKING CORP-REG-S 0.50000% 18-16.05.28 | 600 000.00 | 543 000.00 | 0.21 |
| Total CHF |  |  | 186 264 102.49 | 70.74 |
| Total Medium term notes, fixed rate |  | 186 264 102.49 | 70.74 |
| Medium term notes, floating rate |  |  |  |
| CHF |  |  |  |
| CHF	VTB BK OJSC VIA VTB CPTL SA-REG-S-SUB 4.072%/VAR 14-24.10.24 | 300 000.00 | 0.03 | 0.00 |
| Total CHF |  | 0.03 | 0.00 |
| Total Medium term notes, floating rate |  | 0.03 | 0.00 |
| Bonds, fixed rate |  |  |  |
| CHF |  |  |  |
| CHF	APPLE INC-REG-S 0.75000% 15-25.02.30 | 900 000.00 | 830 700.00 | 0.32 |
| CHF	BANCO BILBAO VIZCAYA ARGENTARIA-REG-S 0.12500% 20-27.08.26 | 400 000.00 | 367 000.00 | 0.14 |
| CHF	BANCO MER DEL NORTE SA/GRAND CY-REG-S 0.50000% 20-06.12.24 | 1 440 000.00 | 1 357 200.00 | 0.52 |
| CHF	BANCO MERCANTIL DEL NORTE SA-REG-S 0.45000% 19-18.12.23 | 2 350 000.00 | 2 297 830.00 | 0.87 |
| CHF	BANK FUER ARBEIT UND WIRTSCHAFT AG 2.87000% 22-03.10.25 | 1 200 000.00 | 1 212 000.00 | 0.46 |
| CHF	BLACK SEA TRADE & DEVELOPMT BK-REG-S 0.45000% 19-13.06.23 | 1 195 000.00 | 1 173 131.50 | 0.45 |
| CHF	CANADIAN IMPERIAL BK OF COMMERCE-REG-S 1.71250% 22-13.07.27 | 600 000.00 | 590 700.00 | 0.22 |
| CHF	CEMBRA MONEY BANK LTD-REG-S 0.41750% 21-15.11.28 | 1 000 000.00 | 883 500.00 | 0.34 |
| CHF	COCA-COLA CO/THE 1.00000% 15-02.10.28 | 600 000.00 | 568 800.00 | 0.22 |
| CHF	COMET HOLDING AG-REG-S 1.30000% 21-20.04.26 | 420 000.00 | 403 200.00 | 0.15 |
| CHF	CORPORACION ANDINA DE FOMENTO 0.30000% 17-07.04.25 | 300 000.00 | 288 300.00 | 0.11 |
| CHF	CORPORACION ANDINA DE FOMENTO-REG-S 2.08000% 22-31.08.28 | 1 000 000.00 | 974 000.00 | 0.37 |
| CHF	DIGITAL INTREPID HOLDING BV-REG-S 0.20000% 21-15.12.26 | 2 200 000.00 | 1 969 000.00 | 0.75 |
| CHF	DIGITAL INTREPID HOLDING BV-REG-S 0.55000% 21-16.04.29 | 1 000 000.00 | 847 000.00 | 0.32 |
| CHF	DIGITAL INTREPID HOLDING BV-REG-S 1.70000% 22-30.03.27 | 1 350 000.00 | 1 273 050.00 | 0.48 |
| CHF	DUFRY ONE BV-REG-S 3.62500% 21-15.04.26 | 1 415 000.00 | 1 330 736.75 | 0.51 |
| CHF	EUROPEAN INVESTMENT BANK 1.37500% 13-21.02.28 | 500 000.00 | 491 250.00 | 0.19 |
| CHF	FONDO FINANCIERO-REG-S 0.57800% 19-11.03.24 | 1 000 000.00 | 984 200.00 | 0.37 |
| CHF	FONDO FINANCIERO-REG-S 0.55600% 21-03.09.26 | 1 500 000.00 | 1 386 750.00 | 0.53 |
| CHF	FONDO FINANCIERO-REG-S 0.79500% 21-01.12.28 | 800 000.00 | 703 600.00 | 0.27 |
| CHF	HEATHROW FUNDING LTD-REG-S 1.80000% 22-27.05.27 | 1 200 000.00 | 1 155 000.00 | 0.44 |
| CHF	HYPOTHEKENBANK FRANKFURT INTL 2.50000% 05-29.08.25 | 400 000.00 | 401 200.00 | 0.15 |
| CHF	KAZAKHSTAN TEMIR ZHOLY NATIONAL CO JSC 3.25000% 18-05.12.23 | 3 350 000.00 | 3 199 250.00 | 1.21 |
| CHF	KERNKRAFTWERK GOESGEN-DAENIKEN-REG-S 0.93000% 20-30.09.27 | 500 000.00 | 462 500.00 | 0.18 |
| CHF	KOREA HOUSING FINANCE CORP-REG-S 2.15500% 22-14.10.25 | 1 000 000.00 | 997 000.00 | 0.38 |
| CHF	KOREA HOUSING FINANCE CORP-REG-S 2.46500% 22-14.10.27 | 1 000 000.00 | 1 005 000.00 | 0.38 |
| CHF	KOREA HOUSING FINANCE CORP 1.89250% 23-10.02.28 | 1 500 000.00 | 1 467 750.00 | 0.56 |
| CHF	LUZERNER KANTONALBANK AG-REG-S-SUB 0.87500% 21-14.05.31 | 1 200 000.00 | 997 200.00 | 0.38 |
| CHF	MUENCHENER HYPOTHEKENBANK EG-REG-S 0.25000% 20-18.09.28 | 1 000 000.00 | 875 000.00 | 0.33 |
| CHF	NATIONWIDE BUILDING SOCIETY-REG-S 1.52030% 22-17.12.29 | 1 200 000.00 | 1 156 800.00 | 0.44 |
| CHF	NEW BRUNSWICK, PROVINCE OF 0.20000% 16-07.11.31 | 1 000 000.00 | 862 000.00 | 0.33 |
| CHF	NEW BRUNSWICK, PROVINCE OF 0.25000% 17-19.01.29 | 1 000 000.00 | 909 000.00 | 0.34 |
| CHF	NORTH AMERICAN DEVELOPMENT BANK-REG-S 0.30000% 18-24.07.26 | 540 000.00 | 510 030.00 | 0.19 |
| CHF	NORTH AMERICAN DEVELOPMENT BANK-REG-S 0.20000% 20-28.11.28 | 1 000 000.00 | 901 000.00 | 0.34 |
| CHF	NORTH AMERICAN DEVELOPMENT BANK-REG-S 0.55000% 20-27.05.33 | 525 000.00 | 447 562.50 | 0.17 |
| CHF	OESTERREICHISCHE KONTROLLBANK AG 2.87500% 05-25.02.30 | 500 000.00 | 535 500.00 | 0.20 |
| CHF	PETROLEOS MEXICANOS-REG-S 1.75000% 18-04.12.23 | 3 000 000.00 | 2 968 500.00 | 1.13 |
| CHF	RAIFFEISEN SCHWEIZ GENOSSENSCHAFT 1.50000% 20-23.11.34 | 1 400 000.00 | 1 169 700.00 | 0.44 |
| CHF	RIETER HOLDING AG-REG-S 1.55000% 20-17.09.24 | 1 650 000.00 | 1 595 273.79 | 0.61 |
| CHF	SYNGENTA FINANCE AG-REG-S 0.70000% 20-09.12.26 | 350 000.00 | 322 000.00 | 0.12 |
| CHF	SYNGENTA FINANCE AG-REG-S 1.25000% 20-16.10.23 | 700 000.00 | 695 100.00 | 0.26 |
| CHF	SYNGENTA FINANCE AG-REG-S 0.62500% 21-30.08.24 | 1 000 000.00 | 969 900.00 | 0.37 |
| CHF	TOTAL CAPITAL INTERNATIONAL SA-REG-S 0.16600% 19-21.12.29 | 1 000 000.00 | 877 000.00 | 0.33 |
| CHF	TRANSPOWER NEW ZEALAND LTD 0.02000% 19-16.12.27 | 230 000.00 | 207 345.00 | 0.08 |

UBS (Lux) Bond Fund – CHF Flexible*
- formerly UBS (Lux) Bond Fund – CHFAnnual report and audited financial statement as of 31 March 2023

|  | Description | Quantity/ | Valuation in CHF | as a % |
| --- | --- | --- | --- | --- |
|  | Nominal | Unrealized gain | of net |
|  |  | (loss) on Futures/ | assets |
|  |  | Forward |  |
|  |  | Exchange Contracts/ |  |
|  |  | Swaps (Note 1) |  |
|  |  |  |  |  |
| CHF | UBS GROUP AG 0.37500% 21-24.08.29 | 1 400 000.00 | 1 198 400.00 | 0.45 |
| CHF | VARIA US PROPERTIES AG 2.87500% 21-07.10.25 | 1 000 000.00 | 968 000.00 | 0.37 |
| CHF | ZUERCHER KANTONALBANK-REG-S 0.05000% 20-05.02.31 | 300 000.00 | 255 900.00 | 0.10 |
| Total CHF |  |  | 47 040 859.54 | 17.87 |
| Total Bonds, fixed rate |  | 47 040 859.54 | 17.87 |
| Bonds, zero coupon |  |  |  |
| CHF |  |  |  |
| CHF	CREDIT SUISSE SCHWEIZ AG-REG-S 0.00000% 19-16.07.29 | 585 000.00 | 483 210.00 | 0.18 |
| CHF	KOREA RAILROAD CORP-REG-S 0.00000% 19-13.06.25 | 1 550 000.00 | 1 465 525.00 | 0.56 |
| Total CHF |  | 1 948 735.00 | 0.74 |
| Total Bonds, zero coupon |  | 1 948 735.00 | 0.74 |
| Bonds, floating rate |  |  |  |
| CHF |  |  |  |
| CHF	BALOISE LIFE LTD-SUB 2.200%/VAR 17-19.06.48 | 1 000 000.00 | 890 000.00 | 0.34 |
| CHF	BANK CLER AG-SUB 3.000%/VAR 20-PRP | 1 000 000.00 | 861 020.00 | 0.33 |
| CHF	BASLER KANTONALBANK-REG-S-SUB 1.875%/VAR 20-PRP | 1 500 000.00 | 1 327 500.00 | 0.50 |
| CHF	HELVETIA SCHWEIZ VERSICHERUNGSGES-SUB 1.500%/VAR 20-PRP | 1 000 000.00 | 898 000.00 | 0.34 |
| CHF	HELVETIA SCHWEIZ VERSICHERU-REG-S-SUB 1.450%/VAR 20-12.08.40 | 300 000.00 | 240 000.00 | 0.09 |
| CHF	LAFARGEHOLCIM HELVETIA FIN-REG-S-SUB 3.500%/VAR 18-PRP | 600 000.00 | 594 300.00 | 0.23 |
| CHF	LUZERNER KANTONALBANK-REG-S-SUB 1.500%/VAR 20-PRP | 1 825 000.00 | 1 414 375.00 | 0.54 |
| CHF	RAIFFEISEN SCHWEIZ GENOSSENSCHAF-REG-S-SUB 2.000%/VAR 20-PRP | 1 200 000.00 | 1 022 400.00 | 0.39 |
| CHF	SWISS LIFE AG-REG-S-SUB 2.625%/VAR 18-25.09.48 | 1 000 000.00 | 907 500.00 | 0.34 |
| Total CHF |  | 8 155 095.00 | 3.10 |
| Total Bonds, floating rate | 8 155 095.00 | 3.10 |
| Total Transferable securities and money market instruments listed on an official stock exchange | 255 761 792.06 | 97.14 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |  |
| Investment funds, open end |  |  |
| Luxembourg |  |  |
| USD	UBS (LUX) BOND SICAV - CHINA HIGH YIELD (USD) U-X-ACC	100.00 | 500 214.30 | 0.19 |
| CHF	UBS LUX BOND SICAV-ASIAN HIGH YIELD (USD) (CHF HGD) I-X-ACC	60 000.00 | 3 699 600.00 | 1.40 |
| Total Luxembourg | 4 199 814.30 | 1.59 |
| Total Investment funds, open end | 4 199 814.30 | 1.59 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 | 4 199 814.30 | 1.59 |
| Total investments in securities | 259 961 606.36 | 98.73 |


#### Derivative instruments
Derivative instruments not listed on an official stock exchange and not traded on another regulated market
Swaps and forward swaps on interest rates
| CHF CHF | UBS/INTEREST RATE SWAP PAY 2.10000% 23-10.03.25 UBS/INTEREST RATE SWAP REC SARON O/N 23-10.03.25 | -8 000 000.00 | -31 856.00 | -0.01 |
| --- | --- | --- | --- | --- |
| CHF | UBS/INTEREST RATE SWAP PAY 2.05750% 23-09.03.25 | -7 000 000.00 | -22 208.20 | -0.01 |
| CHF | UBS/INTEREST RATE SWAP REC SARON O/N 23-09.03.25 |  |  |  |
| CHF | UBS/INTEREST RATE SWAP PAY 1.49250% 23-15.03.25 | -7 000 000.00 | 56 894.60 | 0.02 |
| CHF | UBS/INTEREST RATE SWAP REC SARON O/N 23-15.03.25 |  |  |  |
| Total Swaps and forward swaps on interest rates | 2 830.40 | 0.00 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market | 2 830.40 | 0.00 |
| Total Derivative instruments | 2 830.40 | 0.00 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 5 956 084.88 | 2.26 |
| Bank overdraft and other short-term liabilities | -261.93 | 0.00 |
| Other assets and liabilities | -2 623 939.73 | -0.99 |
| Total net assets | 263 296 319.98 | 100.00 |

UBS (Lux) Bond Fund – CHF Flexible*
* formerly UBS (Lux) Bond Fund – CHF
Annual report and audited financial statement as of 31 March 2023

Translation (ENDE, 2023-03-31):
# UBS (Lux) Bond Fund – CHF Flexible*
| Dreijahresvergleich |  |
| --- | --- |
|  | ISIN | 31.3.2023 | 31.3.2022 | 31.3.2021 |
| Nettovermögen in CHF |  | 263 296 319.98 | 402 228 490.04 | 452 493 221.88 |
| Klasse F-acc | LU0415163566 |  |  |  |
| Anteile im Umlauf |  | 23 944.3310 | 15 248.2830 | 15 530.2450 |
| Nettoinventarwert pro Anteil in CHF |  | 2 497.84 | 2 541.86 | 2 762.45 |
| Ausgabe- und Rücknahmepreis pro Anteil in CHF 1 |  | 2 497.84 | 2 541.86 | 2 762.45 |
| Klasse I-A1-acc | LU0415164028 |  |  |  |
| Anteile im Umlauf |  | 283 223.7320 | 198 192.8090 | 178 129.9520 |
| Nettoinventarwert pro Anteil in CHF |  | 98.95 | 100.85 | 109.80 |
| Ausgabe- und Rücknahmepreis pro Anteil in CHF 1 |  | 98.95 | 100.85 | 109.80 |
| Klasse I-A3-acc | LU0415164531 |  |  |  |
| Anteile im Umlauf |  | 26 153.9200 | 1 237 707.8670 | 1 079 983.3790 |
| Nettoinventarwert pro Anteil in CHF |  | 92.35 | 93.94 | 102.06 |
| Ausgabe- und Rücknahmepreis pro Anteil in CHF 1 |  | 92.35 | 93.94 | 102.06 |
| Klasse P-acc | LU0010001369 |  |  |  |
| Anteile im Umlauf |  | 45 631.3350 | 61 550.1290 | 67 037.4730 |
| Nettoinventarwert pro Anteil in CHF |  | 2 340.67 | 2 396.29 | 2 620.39 |
| Ausgabe- und Rücknahmepreis pro Anteil in CHF 1 |  | 2 340.67 | 2 396.29 | 2 620.39 |
| Klasse P-dist | LU0010001286 |  |  |  |
| Anteile im Umlauf |  | 51 330.8660 | 60 208.2000 | 72 579.0030 |
| Nettoinventarwert pro Anteil in CHF |  | 1 042.78 | 1 067.56 | 1 167.40 |
| Ausgabe- und Rücknahmepreis pro Anteil in CHF 1 |  | 1 042.78 | 1 067.56 | 1 167.40 |
| Klasse Q-acc | LU0415163723 |  |  |  |
| Anteile im Umlauf |  | 62 769.7810 | 90 724.2650 | 130 762.3690 |
| Nettoinventarwert pro Anteil in CHF |  | 92.69 | 94.57 | 103.04 |
| Ausgabe- und Rücknahmepreis pro Anteil in CHF 1 |  | 92.69 | 94.57 | 103.04 |
| Klasse Q-dist | LU0415163640 |  |  |  |
| Anteile im Umlauf |  | 77 600.2710 | 75 466.8220 | 59 793.6440 |
| Nettoinventarwert pro Anteil in CHF |  | 88.85 | 90.96 | 99.40 |
| Ausgabe- und Rücknahmepreis pro Anteil in CHF 1 |  | 88.85 | 90.96 | 99.40 |
| 1  Siehe Erläuterung 1 |  |  |  |  |
| Performance |  |  |  |  |
|  | Währung | 2022/2023 | 2021/2022 | 2020/2021 |
| Klasse F-acc | CHF | -1.7% | -8.0% | 6.3% |
| Klasse I-A1-acc | CHF | -1.9% | -8.2% | 6.5% |
| Klasse I-A3-acc | CHF | -1.7% | -8.0% | 6.8% |
| Klasse P-acc | CHF | -2.3% | -8.6% | 5.6% |
| Klasse P-dist | CHF | -2.3% | -8.6% | 5.6% |
| Klasse Q-acc | CHF | -2.0% | -8.2% | 6.0% |
| Klasse Q-dist | CHF | -2.0% | -8.2% | 6.0% |
| Benchmark: 1 SBI ®  Foreign AAA-BBB (TR) Index | CHF | -3.8% | -6.0% | 4.8% |
| Die historische Performance stellt keinen Indikator für die laufende oder zukünftige Performance dar. |  |  |  |  |

Die Performancedaten lassen die bei der Ausgabe und Rücknahme der Anteile erhobenen Kommissionen und Kosten unberücksichtigt. Die Performancedaten sind ungeprüft.
1 
Der Subfonds wird aktiv verwaltet. Der Index ist ein Bezugspunkt, an dem die Wertentwicklung des Subfonds gemessen werden kann.
UBS (Lux) Bond Fund – CHF Flexible*
* ehemals UBS (Lux) Bond Fund – CHF
Jahresbericht und geprüfter Jahresabschluss per 31. März 2023

### Bericht des Portfolio Managers
Im Rechnungsjahr vom 1. April 2022 bis zum 31. März 2023 stiegen die Zinssätze am Schweizer Kapitalmarkt in allen Laufzeitbereichen. Die fünfjährigen Swapsätze zogen um etwa 1.37% auf 1.99% Ende März 2023 an. Die 10-jährigen Renditen kletterten um 1.05% auf 1.92%. Die Swap-Spreads von CHF-Anleihen auslän- discher Emittenten sanken im Berichtszeitraum von
31 Basispunkten auf 17 Basispunkte. Der März 2023 brachte die stärkste Volatilität mit sich, da eine regionale US-Bank Konkurs anmelden musste und die Credit Suisse AG durch die UBS AG übernommen wurde. Die Schwei- zerische Nationalbank begann mit Zinserhöhungen und hob den SNB-Leitzins von –0.75% auf +1.50% Ende März 2023 an.
Der Subfonds wies eine negative Wertentwicklung aus, hauptsächlich aufgrund des steigenden Zinsumfelds. Die Duration wurde von Mai 2022 bis Februar 2023 eher kurz und danach neutral gehalten. Die Sektorpositionie- rung – mit einer Übergewichtung in Unternehmensanlei- hen – und die Titelauswahl kamen der Wertentwicklung zugute.

### Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Schweiz | 10.13 |
| --- | --- |
| Vereinigte Staaten | 9.58 |
| Deutschland | 8.27 |
| Frankreich | 7.90 |
| Grossbritannien | 7.40 |
| Australien | 5.58 |
| Kanada | 5.19 |
| Chile | 4.84 |
| Cayman-Inseln | 4.82 |
| Luxemburg | 4.16 |
| Spanien | 3.98 |
| Österreich | 3.42 |
| Südkorea | 3.37 |
| Niederlande | 3.29 |
| Supranational | 2.38 |
| Vereinigte Arabische Emirate | 1.96 |
| Bermuda | 1.25 |
| Kasachstan | 1.22 |
| Bolivien | 1.17 |
| Mexiko | 1.13 |
| Jersey | 1.12 |
| Honduras | 1.10 |
| Polen | 0.92 |
| Irland | 0.71 |
| Schweden | 0.56 |
| Panama | 0.52 |
| Finnland | 0.52 |
| Griechenland | 0.45 |
| Neuseeland | 0.44 |
| Dänemark | 0.41 |
| Guernsey | 0.39 |
| Norwegen | 0.33 |
| Venezuela | 0.22 |
| Total | 98.73 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Banken & Kreditinstitute | 50.28 |
| --- | --- |
| Finanz- & Beteiligungsgesellschaften | 23.19 |
| Supranationale Organisationen | 7.39 |
| Öffentlich-rechtliche Körperschaften | 3.37 |
| Versicherungen | 2.43 |
| Immobilien | 1.89 |
| Telekommunikation | 1.66 |
| Kantone, Bundesstaaten | 1.65 |
| Anlagefonds | 1.59 |
| Verkehr & Transport | 1.49 |
| Erdöl | 1.13 |
| Flugzeug- & Raumfahrtindustrie | 0.79 |
| Maschinen & Apparate | 0.61 |
| Computer & Netzwerkausrüster | 0.32 |
| Elektrische Geräte & Komponenten | 0.23 |
| Nahrungsmittel & Softdrinks | 0.22 |
| Diverse Dienstleistungen | 0.20 |
| Energie- & Wasserversorgung | 0.18 |
| Detailhandel, Warenhäuser | 0.11 |
| Total | 98.73 |

UBS (Lux) Bond Fund – CHF Flexible*
* ehemals UBS (Lux) Bond Fund – CHF
Jahresbericht und geprüfter Jahresabschluss per 31. März 2023

### Nettovermögensaufstellung
CHF
Aktiva	31.3.2023
Wertpapierbestand, Einstandswert	290 436 845.52
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	-30 475 239.16	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 259 961 606.36 |
| Bankguthaben, Sicht- und Fristgelder | 5 956 084.88 |
| Forderungen aus Wertpapierverkäufen (Erläuterung 1) | 60 000.00 |
| Forderungen aus Zeichnungen | 49 905.68 |
| Zinsforderungen aus Wertpapieren | 1 222 681.00 |
| Vorausbezahlte Kosten | 100 709.12 |
| Nicht realisierter Kursgewinn aus Swaps (Erläuterung 1) | 2 830.40 |
| Total Aktiva | 267 353 817.44 |
|  |  |
| Passiva |  |
| Kontokorrentkredit | -261.93 |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -799 800.00 |
| Verbindlichkeiten aus Rücknahmen | -2 996 003.75 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -136 300.88 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -23 506.16 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-101 624.74	 |
| Total Rückstellungen für Aufwendungen | -261 431.78 |
| Total Passiva | -4 057 497.46 |
|  |  |
| Nettovermögen am Ende des Geschäftsjahres | 263 296 319.98 |
| Ertrags- und Aufwandsrechnung | CHF |
| Erträge | 1.4.2022-31.3.2023 |
| Zinsertrag auf liquide Mittel | 10 341.86 |
| Zinsen auf Wertpapiere | 3 022 819.15 |
| Zinsertrag auf Swaps (Erläuterung 1) | 238.88 |
| Nettoerträge aus Securities Lending (Erläuterung 14) | 12 986.49 |
| Sonstige Erträge | 467 250.11 |
| Total Erträge | 3 513 636.49 |
|  |  |
| Aufwendungen |  |
| Zinsaufwand auf Swaps (Erläuterung 1) | -1 395.77 |
| Pauschale Verwaltungskommission (Erläuterung 2) | -1 899 216.10 |
| Abonnementsabgabe (Erläuterung 3) | -106 863.02 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -108 583.81 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -40 485.95 |
| Total Aufwendungen | -2 156 544.65 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | 1 357 091.84 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | -14 081 627.60 |
| Realisierter Kursgewinn (-verlust) aus renditebewerteten Wertpapieren und Geldmarktinstrumenten | -9 457.31 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | -1 007 150.00 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | -83 231.10 |
| Realisierter Kursgewinn (-verlust) aus Swaps | 2 111 077.84 |
| Realisierter Währungsgewinn (-verlust) | 3 490.62 |
| Total der realisierten Gewinne (Verluste) | -13 066 897.55 |
|  |  |
| Realisierter Nettogewinn (-verlust) des Geschäftsjahres | -11 709 805.71 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 2 460 687.18 |
| Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente | 9 128.24 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | 108 062.50 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | -3 475.04 |
| Nicht realisierte Werterhöhung (-minderung) von Swaps | 2 830.40 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 2 577 233.28 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | -9 132 572.43 |

UBS (Lux) Bond Fund – CHF Flexible*
* ehemals UBS (Lux) Bond Fund – CHF
Jahresbericht und geprüfter Jahresabschluss per 31. März 2023
| Veränderung des Nettovermögens |  |
| --- | --- |
|  |  | CHF |
|  |  | 1.4.2022-31.3.2023 |
| Nettovermögen zu Beginn des Geschäftsjahres |  | 402 228 490.04 |
| Zeichnungen |  | 81 045 867.24 |
| Rücknahmen |  | 	-210 823 517.39	 |
| Total Mittelzufluss (-abfluss) |  | -129 777 650.15 |
| Ausbezahlte Dividende |  | -21 947.48 |
| Nettoerträge (-verluste) aus Anlagen |  | 1 357 091.84 |
| Total der realisierten Gewinne (Verluste) |  | -13 066 897.55 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) |  | 	2 577 233.28	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit |  | -9 132 572.43 |
| Nettovermögen am Ende des Geschäftsjahres |  | 263 296 319.98 |
| Entwicklung der Anteile im Umlauf |  |  |
|  |  | 1.4.2022-31.3.2023 |
| Klasse |  | F-acc |
| Anzahl der Anteile im Umlauf zu Beginn des Geschäftsjahres |  | 15 248.2830 |
| Anzahl der ausgegebenen Anteile |  | 18 914.8860 |
| Anzahl der zurückgegebenen Anteile |  | -10 218.8380 |
| Anzahl der Anteile im Umlauf am Ende des Geschäftsjahres |  | 23 944.3310 |
| Klasse |  | I-A1-acc |
| Anzahl der Anteile im Umlauf zu Beginn des Geschäftsjahres |  | 198 192.8090 |
| Anzahl der ausgegebenen Anteile |  | 127 815.2440 |
| Anzahl der zurückgegebenen Anteile |  | -42 784.3210 |
| Anzahl der Anteile im Umlauf am Ende des Geschäftsjahres |  | 283 223.7320 |
| Klasse |  | I-A3-acc |
| Anzahl der Anteile im Umlauf zu Beginn des Geschäftsjahres |  | 1 237 707.8670 |
| Anzahl der ausgegebenen Anteile |  | 166 646.9500 |
| Anzahl der zurückgegebenen Anteile |  | -1 378 200.8970 |
| Anzahl der Anteile im Umlauf am Ende des Geschäftsjahres |  | 26 153.9200 |
| Klasse |  | P-acc |
| Anzahl der Anteile im Umlauf zu Beginn des Geschäftsjahres |  | 61 550.1290 |
| Anzahl der ausgegebenen Anteile |  | 1 398.0410 |
| Anzahl der zurückgegebenen Anteile |  | -17 316.8350 |
| Anzahl der Anteile im Umlauf am Ende des Geschäftsjahres |  | 45 631.3350 |
| Klasse |  | P-dist |
| Anzahl der Anteile im Umlauf zu Beginn des Geschäftsjahres |  | 60 208.2000 |
| Anzahl der ausgegebenen Anteile |  | 555.4440 |
| Anzahl der zurückgegebenen Anteile |  | -9 432.7780 |
| Anzahl der Anteile im Umlauf am Ende des Geschäftsjahres |  | 51 330.8660 |
| Klasse |  | Q-acc |
| Anzahl der Anteile im Umlauf zu Beginn des Geschäftsjahres |  | 90 724.2650 |
| Anzahl der ausgegebenen Anteile |  | 7 976.5600 |
| Anzahl der zurückgegebenen Anteile |  | -35 931.0440 |
| Anzahl der Anteile im Umlauf am Ende des Geschäftsjahres |  | 62 769.7810 |
| Klasse |  | Q-dist |
| Anzahl der Anteile im Umlauf zu Beginn des Geschäftsjahres |  | 75 466.8220 |
| Anzahl der ausgegebenen Anteile |  | 23 668.9550 |
| Anzahl der zurückgegebenen Anteile |  | -21 535.5060 |
| Anzahl der Anteile im Umlauf am Ende des Geschäftsjahres |  | 77 600.2710 |
| Jährliche Ausschüttung 1 |  |  |
| UBS (Lux) Bond Fund – CHF Flexible*	Ex-Date | Pay-Date | Währung	Betrag pro Anteil |
| P-dist	1.6.2022 | 7.6.2022 | CHF	0.00 |
| Q-dist	1.6.2022 | 7.6.2022 | CHF	0.31 |
| 1  Siehe Erläuterung 4 * ehemals UBS (Lux) Bond Fund – CHF |  |  |

UBS (Lux) Bond Fund – CHF Flexible*
* ehemals UBS (Lux) Bond Fund – CHF
Jahresbericht und geprüfter Jahresabschluss per 31. März 2023

### Aufstellung der Wertpapierbestände und anderer Nettovermögenswerte per 31. März 2023
| Bezeichnung | Anzahl/ | Bewertung in CHF | 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 |  |  |  |
| CHF |  |  |  |
| CHF	BERNER KANTONALBANK AG-REG-S-SUB 0.85000% 22-21.01.32 | 770 000.00 | 639 100.00 | 0.24 |
| CHF	CANADIAN IMPERIAL BANK OF COMMERCE 0.18000% 21-20.04.29 | 1 000 000.00 | 854 500.00 | 0.32 |
| CHF	CETRAL AMRICA BNK FR ECON INTEGR-REG-S 2.13750% 22-13.12.27 | 1 000 000.00 | 989 000.00 | 0.38 |
| CHF	ITAU BBA INTERNATIONAL PLC-REG-S 0.56000% 22-17.02.25 | 1 100 000.00 | 1 059 300.00 | 0.40 |
| CHF	NORTH AMERICAN DEVELOPMENT BANK 0.25000% 15-30.04.25 | 1 000 000.00 | 963 000.00 | 0.37 |
| CHF	RZD CAP PLC/RUSS RAIL-REG-S *DEFAULTED* 0.89800% 19-03.10.25 | 1 600 000.00 | 424 000.00 | 0.16 |
| CHF	RZD CAP PLC/RUSS RAIL-REG-S *DEFAULTED* 1.19500% 19-03.04.28 | 250 000.00 | 67 500.00 | 0.03 |
| Total CHF |  | 4 996 400.00 | 1.90 |
| Total Notes, fester Zins |  | 4 996 400.00 | 1.90 |
| Notes, Nullcoupon |  |  |  |
| CHF |  |  |  |
| CHF	CREDIT SUISSE SCHWEIZ AG-REG-S 0.00000% 20-31.10.30 | 400 000.00 | 314 600.00 | 0.12 |
| Total CHF |  | 314 600.00 | 0.12 |
| Total Notes, Nullcoupon |  | 314 600.00 | 0.12 |
| Notes, variabler Zins |  |  |  |
| CHF |  |  |  |
| CHF	HELVETIA SCHWEIZ VERSICHERUNGS-REG-S-SUB 1.750%/VAR 20-PRP | 1 000 000.00 | 882 000.00 | 0.33 |
| CHF	LUZERNER KANTONALBANK-REG-S-SUB 2.000%/VAR 21-PRP | 1 000 000.00 | 780 000.00 | 0.30 |
| CHF	RZD CAP PLC/RUS RAIL-REG-S-SUB *DEFAULTED* 3.125%/VAR 21-PRP | 2 000 000.00 | 240 000.00 | 0.09 |
| CHF	SWISS LIFE AG-REG-S-SUB 1.750%/VAR 21-PRP | 2 000 000.00 | 1 800 000.00 | 0.68 |
| CHF	UBS GROUP AG-REG-S-SUB 3.375%/VAR 22-PRP | 1 800 000.00 | 1 377 000.00 | 0.52 |
| CHF	ZUERCHER KANTONALBANK-REG-S-SUB 1.750%/VAR 20-PRP | 1 400 000.00 | 1 176 000.00 | 0.45 |
| CHF	ZURICH INSURANCE CO LTD-REG-S-SUB 1.500%/VAR 22-03.05.52 | 1 000 000.00 | 787 000.00 | 0.30 |
| Total CHF |  | 7 042 000.00 | 2.67 |
| Total Notes, variabler Zins |  | 7 042 000.00 | 2.67 |
| Medium-Term Notes, fester Zins |  |  |  |
| CHF |  |  |  |
| CHF	ABN AMRO BANK NV-REG-S 2.62500% 23-02.03.28 | 800 000.00 | 799 600.00 | 0.30 |
| CHF	ADCB FINANCE CAYMAN LTD-REG-S 0.50000% 19-29.11.24 | 2 650 000.00 | 2 549 300.00 | 0.97 |
| CHF	AKADEMISKA HUS AB 0.30000% 17-08.10.29 | 1 645 000.00 | 1 475 565.00 | 0.56 |
| CHF	AMP GROUP FINANCE SERVICES LTD-REG-S 0.80000% 19-18.07.23 | 2 250 000.00 | 2 238 075.00 | 0.85 |
| CHF	AMP GROUP FINANCE SERVICES LTD-REG-S 0.20310% 20-03.06.24 | 200 000.00 | 192 040.00 | 0.07 |
| CHF	AROUNDTOWN SA-REG-S 0.73200% 18-30.01.25 | 625 000.00 | 518 750.00 | 0.20 |
| CHF	AROUNDTOWN SA-REG-S 1.72000% 19-05.03.26 | 710 000.00 | 569 775.00 | 0.22 |
| CHF	ASB FINANCE LTD-REG-S 0.11750% 21-29.06.28 | 1 100 000.00 | 964 150.00 | 0.37 |
| CHF	ATHENE GLOBAL FUNDING-REG-S 0.85000% 20-14.10.25 | 900 000.00 | 836 550.00 | 0.32 |
| CHF	ATHENE GLOBAL FUNDING-REG-S 0.50000% 21-15.01.27 | 1 650 000.00 | 1 467 675.00 | 0.56 |
| CHF	AUCHAN HOLDING SA-REG-S 1.50000% 14-03.06.24 | 300 000.00 | 294 660.00 | 0.11 |
| CHF	BANCO BICE-REG-S 0.75000% 21-29.10.26 | 1 000 000.00 | 875 000.00 | 0.33 |
| CHF	BANCO BILBAO VIZCAYA ARGENTARIA 2.40750% 22-28.11.25 | 800 000.00 | 798 400.00 | 0.30 |
| CHF	BANCO BILBAO VIZCAYA ARGENTARIA 2.77000% 22-28.11.28 | 500 000.00 | 488 250.00 | 0.19 |
| CHF	BANCO DE CREDITO E INVERSIONES-REG-S 0.40000% 19-22.11.24 | 1 550 000.00 | 1 489 550.00 | 0.57 |
| CHF	BANCO DE CREDITO E INVERSIONES SA-REG-S 0.10000% 20-18.09.26 | 1 485 000.00 | 1 338 727.50 | 0.51 |
| CHF	BANCO DE CREDITO E INVERSIONES SA-REG-S 0.59940% 22-26.04.27 | 880 000.00 | 793 760.00 | 0.30 |
| CHF	BANCO DEL ESTADO DE CHILE-REG-S 0.69250% 18-04.12.24 | 2 200 000.00 | 2 119 700.00 | 0.81 |
| CHF	BANCO DEL ESTADO DE CHILE-REG-S 0.24000% 19-06.06.25 | 1 550 000.00 | 1 462 425.00 | 0.56 |
| CHF	BANCO SANTANDER CHILE-REG-S 0.38400% 19-27.09.24 | 1 175 000.00 | 1 135 637.50 | 0.43 |
| CHF	BANCO SANTANDER CHILE-REG-S 0.13500% 19-29.08.29 | 500 000.00 | 407 000.00 | 0.15 |
| CHF	BANCO SANTANDER CHILE SA-REG-S 0.29750% 21-22.10.26 | 1 000 000.00 | 902 500.00 | 0.34 |
| CHF	BANCO SANTANDER SA-REG-S 0.31000% 21-09.06.28 | 1 200 000.00 | 1 043 400.00 | 0.40 |
| CHF	BANCO SANTANDER SA-REG-S 1.32750% 22-10.06.25 | 1 500 000.00 | 1 464 000.00 | 0.56 |
| CHF	BANK FUER ARBEIT UN WIRTSCHAFT AG 2.05250% 23-14.04.28 | 800 000.00 | 799 352.00 | 0.30 |
| CHF	BANK OF AMERICA CORP-REG-S 0.25250% 19-12.06.26 | 1 000 000.00 | 940 500.00 | 0.36 |
| CHF	BANK OF MONTREAL-REG-S 2.26000% 23-01.02.29 | 800 000.00 | 783 120.00 | 0.30 |
| CHF	BANK OF NOVA SCOTIA-REG-S 0.30250% 21-30.07.31 | 600 000.00 | 488 400.00 | 0.19 |
| CHF	BANK OF NOVA SCOTIA/THE 0.27800% 22-01.04.27 | 1 000 000.00 | 931 000.00 | 0.35 |
| CHF	BANQUE FEDER DU CREDIT MUTUEL 0.25000% 19-24.10.29 | 1 250 000.00 | 1 055 000.00 | 0.40 |
| CHF	BANQUE FEDER DU CREDIT MUTUEL-REG-S 0.20000% 20-03.11.28 | 400 000.00 | 348 600.00 | 0.13 |
| CHF	BANQUE FEDERATIVE DU CREDIT MUTUEL 0.60000% 17-05.04.27 | 500 000.00 | 461 500.00 | 0.18 |
| CHF	BANQUE FEDERATIVE DU CREDIT-REG-S 1.00000% 18-13.11.26 | 250 000.00 | 237 000.00 | 0.09 |
| CHF	BANQUE INTL A LUXEMBOURG SA-REG-S 1.00000% 19-10.07.25 | 700 000.00 | 650 300.00 | 0.25 |
| CHF	BARCLAYS PLC-REG-S 0.31500% 21-04.06.27 | 1 600 000.00 | 1 450 400.00 | 0.55 |
| CHF	BAWAG PSK BANK FUER ARBEIT UND WI-REG-S 2.95500% 22-29.11.27 | 850 000.00 | 855 525.00 | 0.32 |
| CHF	BERLIN HYP AG 0.25000% 20-11.09.28 | 500 000.00 | 445 750.00 | 0.17 |
| CHF	BERLIN HYP AG 0.25000% 21-04.10.29 | 700 000.00 | 603 400.00 | 0.23 |
| CHF	BERLIN-HANNOVERSCHE HYPOTHKNBNK-REG-S 0.25000% 21-10.03.31 | 700 000.00 | 580 300.00 | 0.22 |
| CHF	BNP PARIBAS SA 0.52750% 22-20.01.28 | 800 000.00 | 719 200.00 | 0.27 |
| CHF	BNP PARIBAS SA 2.41250% 23-13.01.28 | 400 000.00 | 400 000.00 | 0.15 |
| CHF	BNP PARIBAS SA 2.89250% 22-27.09.29 | 800 000.00 | 790 800.00 | 0.30 |
| CHF	BNP PARIBAS SA-REG-S 0.30000% 19-15.10.27 | 1 200 000.00 | 1 071 600.00 | 0.41 |
| CHF	BNP PARIBAS SA-REG-S 0.15000% 20-10.03.28 | 1 000 000.00 | 879 500.00 | 0.33 |
| CHF	BNP PARIBAS SA-REG-S 0.14750% 21-13.07.27 | 2 000 000.00 | 1 816 000.00 | 0.69 |
| CHF	BNP PARIBAS-REG-S 0.50000% 21-16.03.29 | 800 000.00 | 690 800.00 | 0.26 |
| CHF	BNP PARIBAS-REG-S 1.00000% 18-06.06.25 | 375 000.00 | 358 500.00 | 0.14 |
| CHF	BNZ INTERNATIONAL FUND LTD/LONDON-REG-S 0.11100% 20-24.07.28 | 920 000.00 | 800 860.00 | 0.30 |
| CHF	BOS FUNDING LTD-REG-S 1.50000% 19-29.11.23 | 2 400 000.00 | 2 347 680.00 | 0.89 |
| CHF	CAIXABANK SA-REG-S 0.47700% 21-01.07.27 | 600 000.00 | 546 000.00 | 0.21 |

UBS (Lux) Bond Fund – CHF Flexible*
- ehemals UBS (Lux) Bond Fund – CHFJahresbericht und geprüfter Jahresabschluss per 31. März 2023

|  | Bezeichnung | Anzahl/ | Bewertung in CHF | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| CHF | CANADIAN IMPERIAL BANK-REG-S 0.05000% 19-15.10.26 | 900 000.00 | 823 050.00 | 0.31 |
| CHF | CANADIAN IMPERIAL BK OF COM-REG-S 0.96750% 22-26.04.29 | 750 000.00 | 702 375.00 | 0.27 |
| CHF | CBQ FINANCE LTD-REG-S 0.73500% 20-27.11.24 | 2 100 000.00 | 2 030 700.00 | 0.77 |
| CHF | CBQ FINANCE LTD-REG-S 0.19500% 21-22.04.24 | 1 300 000.00 | 1 266 330.00 | 0.48 |
| CHF | CELLNEX FINANCE CO SA 0.93500% 21-26.03.26 | 1 500 000.00 | 1 417 500.00 | 0.54 |
| CHF | CELLNEX TELECOM SA 1.11750% 20-17.07.25 | 1 700 000.00 | 1 631 150.00 | 0.62 |
| CHF | CELLNEX TELECOM SA-REG-S 0.77500% 20-18.02.27 | 3 000 000.00 | 2 735 100.00 | 1.04 |
| CHF | CENTRAL AMERICAN BANK ECO INTEGRA-REG-S 0.11000% 21-15.12.28 | 800 000.00 | 695 600.00 | 0.26 |
| CHF | CENTRAL AMERICAN BK ECO INTEGRAT-REG-S 0.40500% 20-25.06.25 | 750 000.00 | 719 625.00 | 0.27 |
| CHF | CENTRAL AMERICAN BK ECO INTEGRAT-REG-S 0.17000% 21-29.09.31 | 1 500 000.00 | 1 214 250.00 | 0.46 |
| CHF | CIE DE FINANCEMENT FONCIER SA-REG-S 0.89000% 22-27.04.29 | 600 000.00 | 559 200.00 | 0.21 |
| CHF | CITIGROUP INC-REG-S 0.50000% 19-01.11.28 | 1 400 000.00 | 1 252 300.00 | 0.48 |
| CHF | CITIGROUP INC-REG-S 0.25000% 21-30.08.29 | 500 000.00 | 426 500.00 | 0.16 |
| CHF | CNTRL AMRCAN BANK FOR ECO INTGTIN REG-S 1.54620% 22-30.11.26 | 1 000 000.00 | 970 500.00 | 0.37 |
| CHF | COMMERZBANK AG-REG-S 1.10000% 18-11.07.25 | 1 200 000.00 | 1 156 200.00 | 0.44 |
| CHF | COMMERZBANK AG-REG-S 3.37500% 22-29.09.26 | 1 200 000.00 | 1 188 000.00 | 0.45 |
| CHF | COMMERZBANK AG-REG-S 3.26250% 23-03.02.27 | 1 600 000.00 | 1 575 200.00 | 0.60 |
| CHF | COMMONWEALTH BANK OF AUSTRALIA 0.40000% 17-25.09.26 | 1 000 000.00 | 936 000.00 | 0.36 |
| CHF | COMMONWEALTH BANK OF AUSTRALIA-REG-S 1.24000% 22-02.09.29 | 4 170 000.00 | 3 957 330.00 | 1.50 |
| CHF | COMPAGNIE DE FINANCEMENT FONCIER 1.90300% 23-16.06.28 | 1 000 000.00 | 992 000.00 | 0.38 |
| CHF | CORP ANDINA DE FOMENTO-REG-S 2.42750% 23-15.02.30 | 1 400 000.00 | 1 380 540.00 | 0.52 |
| CHF | CORPORACION ANDINA DE FOMENTO-REG-S 1.50000% 14-01.12.28 | 1 600 000.00 | 1 505 600.00 | 0.57 |
| CHF | CORPORACION ANDINA DE FOMENTO 0.50000% 15-26.02.26 | 1 200 000.00 | 1 134 600.00 | 0.43 |
| CHF | CORPORACION ANDINA DE FOMENTO-REG-S 0.70000% 20-04.09.25 | 300 000.00 | 288 600.00 | 0.11 |
| CHF | CPI PROPERTY GROUP SA-REG-S 1.63000% 18-25.10.23 | 3 080 000.00 | 2 916 760.00 | 1.11 |
| CHF | CREDIT AGRICOLE HOME LOAN SFH SA 0.25000% 17-27.07.27 | 500 000.00 | 462 250.00 | 0.18 |
| CHF | CREDIT AGRICOLE HOME LOAN SFH SA-REG-S 0.50000% 18-03.10.28 | 1 000 000.00 | 918 000.00 | 0.35 |
| CHF | CREDIT AGRICOLE HOME LOAN SFH SA-REG-S 0.25000% 19-24.10.29 | 250 000.00 | 222 625.00 | 0.08 |
| CHF | CREDIT AGRICOLE SA LONDON-REG-S 1.00000% 19-07.11.25 | 600 000.00 | 572 700.00 | 0.22 |
| CHF | CREDIT AGRICOLE SA LONDON-REG-S 0.12750% 20-27.07.28 | 1 230 000.00 | 1 082 400.00 | 0.41 |
| CHF | CREDIT AGRICOLE SA LONDON-REG-S 0.50000% 20-01.10.26 | 2 200 000.00 | 2 029 500.00 | 0.77 |
| CHF | CREDIT AGRICOLE SA-REG-S 0.25000% 21-10.03.31 | 1 050 000.00 | 864 675.00 | 0.33 |
| CHF | CREDIT AGRICOLE SA-REG-S 0.16370% 21-28.04.28 | 600 000.00 | 531 600.00 | 0.20 |
| CHF | CREDIT AGRICOLE SA/LONDON-SUB 2.12500% 15-29.09.25 | 1 380 000.00 | 1 349 640.00 | 0.51 |
| CHF | CREDIT AGRICOLE SA/LONDON-REG-S-SUB 0.25000% 19-10.10.29 | 875 000.00 | 749 000.00 | 0.28 |
| CHF | CREDIT SUISSE GROUP AG 1.00000% 15-14.04.23 | 1 050 000.00 | 1 037 479.80 | 0.39 |
| CHF | CREDIT SUISSE LONDON BRANCH 0.55000% 16-15.04.24 | 2 000 000.00 | 1 910 000.00 | 0.73 |
| CHF | DEUTSCHE BAHN FINANCE GMBH-REG-S 0.45000% 17-08.11.30 | 700 000.00 | 620 550.00 | 0.24 |
| CHF | DEUTSCHE BAHN FINANCE GMBH-REG-S 0.50000% 18-18.07.28 | 700 000.00 | 646 450.00 | 0.25 |
| CHF | DEUTSCHE BAHN FINANCE GMBH-REG-S 0.10000% 19-19.06.29 | 755 000.00 | 666 287.50 | 0.25 |
| CHF | DEUTSCHE BAHN FINANCE GMBH-REG-S 0.50000% 19-19.06.34 | 500 000.00 | 419 000.00 | 0.16 |
| CHF | DEUTSCHE BAHN FINANCE GMBH 0.20000% 21-20.05.33 | 2 000 000.00 | 1 652 000.00 | 0.63 |
| CHF | DEUTSCHE BAHN FINANCE GMBH-REG-S 0.10000% 21-28.01.36 | 2 000 000.00 | 1 543 000.00 | 0.59 |
| CHF | DEUTSCHE BAHN FINANCE GMBH-REG-S 0.25000% 21-27.10.31 | 1 000 000.00 | 854 500.00 | 0.32 |
| CHF | DEUTSCHE BANK AG 0.31500% 21-14.09.27 | 1 200 000.00 | 1 028 400.00 | 0.39 |
| CHF | DEUTSCHE BANK AG-REG-S 0.80000% 20-07.02.25 | 200 000.00 | 188 900.00 | 0.07 |
| CHF | DEUTSCHE BANK AG-REG-S 3.64500% 23-27.01.29 | 1 400 000.00 | 1 293 053.55 | 0.49 |
| CHF | DOHA FINANCE LTD-REG-S 0.46500% 22-24.01.24 | 2 650 000.00 | 2 598 590.00 | 0.99 |
| CHF | DZ BANK AG DEUTSCHE-REG-S 2.62500% 23-27.08.29 | 1 000 000.00 | 995 000.00 | 0.38 |
| CHF | DZ BANK AG DUTSE ZENTRAL-REG-S-SUB 3.84500% 22-17.08.32 | 600 000.00 | 600 900.00 | 0.23 |
| CHF | ERSTE GROUP BANK AG-REG-S 0.25000% 21-02.10.28 | 400 000.00 | 347 600.00 | 0.13 |
| CHF | EUROPEAN INVESTMENT BANK 3.12500% 06-30.06.36 | 1 500 000.00 | 1 729 500.00 | 0.66 |
| CHF | EXPORT-IMPORT BANK OF KOREA 0.17000% 17-18.07.25 | 1 000 000.00 | 953 000.00 | 0.36 |
| CHF | FIRST ABU DHABI BANK PJSC-REG-S 0.07000% 19-18.10.27 | 500 000.00 | 445 500.00 | 0.17 |
| CHF | FIRST ABU DHABI BANK PJSC-REG-S 0.40100% 19-02.10.24 | 1 500 000.00 | 1 453 500.00 | 0.55 |
| CHF | FIRST ABU DHABI BANK PJSC-REG-S 0.20500% 19-04.12.25 | 2 000 000.00 | 1 879 000.00 | 0.71 |
| CHF | FIRST ABU DHABI BANK PJSC-REG-S 0.06800% 21-31.03.27 | 1 000 000.00 | 902 000.00 | 0.34 |
| CHF | FIRST ABU DHABI BANK PJSC-REG-S 1.06250% 22-14.04.26 | 500 000.00 | 477 000.00 | 0.18 |
| CHF | FORD MOTOR CREDIT CO-REG-S 2.12500% 20-04.12.23 | 2 000 000.00 | 1 977 600.00 | 0.75 |
| CHF | GAZPROM PJSC VIA GAZ FINANCE PLC-REG-S 1.54000% 21-30.06.27 | 1 200 000.00 | 636 000.00 | 0.24 |
| CHF | GLENCORE CAPITAL FINANCE DAC-REG-S 1.00000% 20-30.03.27 | 1 200 000.00 | 1 131 000.00 | 0.43 |
| CHF | GLENCORE FINANCE EUROPE LTD-REG-S 0.35000% 19-10.09.25 | 900 000.00 | 854 100.00 | 0.32 |
| CHF | GOLDMAN SACHS GROUP INC-REG-S 1.00000% 18-24.11.25 | 1 000 000.00 | 962 000.00 | 0.37 |
| CHF | GOLDMAN SACHS GROUP INC-REG-S 0.40000% 21-11.05.28 | 1 000 000.00 | 897 500.00 | 0.34 |
| CHF | HEATHROW FUNDING LTD-REG-S 0.45000% 19-15.10.26 | 1 000 000.00 | 930 500.00 | 0.35 |
| CHF | HSBC HOLDINGS PLC-REG-S 0.32000% 21-03.11.27 | 1 800 000.00 | 1 618 200.00 | 0.61 |
| CHF | HSBC HOLDINGS PLC-REG-S 0.81250% 21-03.11.31 | 800 000.00 | 653 032.00 | 0.25 |
| CHF | HSBC HOLDINGS PLC-REG-S 1.80500% 22-01.06.26 | 1 000 000.00 | 971 000.00 | 0.37 |
| CHF | HYPO VORARLBERG BANK AG-REG-S-SUB 1.62500% 19-29.11.29 | 2 520 000.00 | 2 129 263.21 | 0.81 |
| CHF | HYPO VORARLBERG BANK AG-REG-S 0.12500% 19-03.09.29 | 1 900 000.00 | 1 596 000.00 | 0.61 |
| CHF | HYPO VORARLBERG BANK AG-REG-S 0.12500% 21-23.08.28 | 585 000.00 | 502 807.50 | 0.19 |
| CHF | HYUNDAI CAPITAL SERVICES INC-REG-S 0.26000% 20-11.02.25 | 640 000.00 | 614 400.00 | 0.23 |
| CHF | INDUSTRIAL BANK OF KOREA-REG-S 0.02190% 19-16.07.25 | 1 000 000.00 | 943 000.00 | 0.36 |
| CHF | JACKSON NATIONAL LIFE GLOBAL FUND-REG-S 0.12500% 20-14.07.28 | 2 000 000.00 | 1 719 000.00 | 0.65 |
| CHF | JPMORGAN CHASE & CO-REG-S 0.63000% 20-25.02.35 | 1 200 000.00 | 934 417.61 | 0.35 |
| CHF | JPMORGAN CHASE & CO-REG-S 0.80000% 22-03.02.32 | 2 000 000.00 | 1 715 439.08 | 0.65 |
| CHF | KOMMUNALBANKEN A/S-REG-S 1.27500% 22-22.12.27 | 900 000.00 | 873 450.00 | 0.33 |
| CHF | KOMMUNALKREDIT AUSTRIA AG 3.37500% 06-22.06.26 | 1 000 000.00 | 1 028 000.00 | 0.39 |
| CHF | KOMMUNEKREDIT 2.87500% 06-13.10.31 | 1 000 000.00 | 1 075 000.00 | 0.41 |
| CHF | KOREA HYDRO & NUCLEAR POWER CO-REG-S 0.05000% 19-19.07.27 | 600 000.00 | 538 800.00 | 0.20 |
| CHF | KOREA LAND & HOUSING CORP-REG-S 0.19250% 20-15.06.25 | 930 000.00 | 880 710.00 | 0.33 |
| CHF | LLOYDS BANKING GROUP 0.60250% 22-09.02.29 | 600 000.00 | 524 400.00 | 0.20 |
| CHF | MACQUARIE GROUP LTD-REG-S 0.39500% 21-20.07.28 | 680 000.00 | 602 820.00 | 0.23 |
| CHF | MACQUARIE GROUP LTD-REG-S 1.28500% 22-11.09.29 | 2 500 000.00 | 2 272 500.00 | 0.86 |
| CHF | MANITOBA, PROVINCE OF-REG-S 0.25000% 19-15.03.29 | 1 150 000.00 | 1 042 475.00 | 0.40 |
| CHF | MANITOBA, PROVINCE OF-REG-S 0.80000% 19-15.03.39 | 250 000.00 | 209 000.00 | 0.08 |
| CHF | MBANK SA-REG-S 1.01830% 19-04.10.24 | 2 600 000.00 | 2 416 700.00 | 0.92 |
| CHF | METROPOLITAN LIFE GLOBAL FUNDING-REG-S 0.12500% 19-11.06.27 | 1 400 000.00 | 1 279 600.00 | 0.49 |
| CHF | METROPOLITAN LIFE GLOBAL FUND-REG-S 0.12500% 20-25.09.28 | 900 000.00 | 790 200.00 | 0.30 |
| CHF | MUENCHENER HYPOTHEKENBANK EG-REG-S 0.25000% 19-26.02.29 | 750 000.00 | 674 625.00 | 0.26 |
| CHF | MUENCHENER HYPOTHEKENBANK EG-REG-S 0.20000% 19-18.06.31 | 800 000.00 | 686 800.00 | 0.26 |
| CHF | MUENCHENER HYPOTHEKENBANK EG-REG-S 0.10000% 20-17.12.25 | 1 200 000.00 | 1 124 400.00 | 0.43 |
| CHF | MUENCHENER HYPOTHEKENBANK EG-REG-S 0.20000% 21-03.03.31 | 1 000 000.00 | 818 500.00 | 0.31 |
| CHF | MUENCHENER HYPOTHEKENBANK EG 1.25000% 22-30.06.27 | 1 000 000.00 | 968 500.00 | 0.37 |

UBS (Lux) Bond Fund – CHF Flexible*
* ehemals UBS (Lux) Bond Fund – CHF
Jahresbericht und geprüfter Jahresabschluss per 31. März 2023
|  | Bezeichnung | Anzahl/ | Bewertung in CHF | in % des |
| --- | --- | --- | --- | --- |
|  |  | Nominal | NR Kursgewinn | Netto- |
|  |  |  | (-verlust) auf Futures/ | vermögens |
|  |  |  | Devisentermin- |  |
|  |  |  | kontrakten/ |  |
|  |  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| CHF | MUENCHENER HYPOTHEKENBANK EG 0.25000% 19-31.10.44 | 1 000 000.00 | 662 715.67 | 0.25 |
| CHF | NATIONAL AUSTRALIA BANK LTD-REG-S 0.12500% 19-21.06.27 | 750 000.00 | 680 250.00 | 0.26 |
| CHF | NATIONAL AUSTRALIA BANK LTD-REG-S 0.06500% 20-29.01.29 | 100 000.00 | 87 100.00 | 0.03 |
| CHF | NATIONAL AUSTRALIA BANK LTD-REG-S 1.71500% 23-03.02.33 | 1 000 000.00 | 962 000.00 | 0.37 |
| CHF | NATIONWIDE BUILDING SOCIETY-REG-S 1.91500% 22-08.09.28 | 2 000 000.00 | 1 923 000.00 | 0.73 |
| CHF | NATWEST MARKETS PLC-REG-S 0.89750% 22-04.04.25 | 1 200 000.00 | 1 162 200.00 | 0.44 |
| CHF | NATWEST MARKETS PLC-REG-S 2.78250% 22-06.12.27 | 1 200 000.00 | 1 193 400.00 | 0.45 |
| CHF | NEDERLANDSE WATERSCHAPSBANK NV 0.62500% 17-21.08.37 | 870 000.00 | 723 840.00 | 0.27 |
| CHF | NEW YORK LIFE GLOBAL FUNDING-REG-S 0.25000% 19-18.10.27 | 1 000 000.00 | 910 000.00 | 0.35 |
| CHF | NEW YORK LIFE GLOBAL FUNDING-REG-S 0.12500% 20-11.09.29 | 2 500 000.00 | 2 172 500.00 | 0.83 |
| CHF | NEW YORK LIFE GLOBAL FUNDING-REG-S 0.12500% 21-23.07.30 | 2 800 000.00 | 2 368 800.00 | 0.90 |
| CHF | NORDEA BANK ABP-REG-S 1.81000% 22-15.06.27 | 1 400 000.00 | 1 358 700.00 | 0.52 |
| CHF | ONTARIO, PROVINCE OF 0.25000% 17-28.06.29 | 1 000 000.00 | 903 000.00 | 0.34 |
| CHF | PACIFIC LIFE GLOBAL FUNDING-REG-S 0.25000% 21-26.10.28 | 1 000 000.00 | 864 000.00 | 0.33 |
| CHF | PACIFIC LIFE GLOBAL FUNDING II-REG-S 1.75000% 22-02.05.29 | 500 000.00 | 463 500.00 | 0.18 |
| CHF | QNB FINANCE LTD-REG-S 0.02500% 21-03.06.24 | 1 600 000.00 | 1 549 936.00 | 0.59 |
| CHF | QUEBEC, PROVINCE OF 0.03000% 21-18.06.31 | 500 000.00 | 428 500.00 | 0.16 |
| CHF | ROYAL BANK OF CANADA-REG-S 0.20000% 21-22.09.31 | 1 000 000.00 | 805 000.00 | 0.31 |
| CHF | ROYAL BANK OF CANADA DN-REG-S 0.25000% 21-15.10.29 | 2 700 000.00 | 2 322 000.00 | 0.88 |
| CHF | ROYAL BANK OF CANADA-REG-S 2.08500% 23-31.03.28 | 1 000 000.00 | 1 002 500.00 | 0.38 |
| CHF | SHELL INTERNATIONAL FINANCE BV 0.87500% 15-21.08.28 | 1 000 000.00 | 936 500.00 | 0.36 |
| CHF | SNCF RESEAU 2.62500% 11-11.03.37 | 1 500 000.00 | 1 593 000.00 | 0.60 |
| CHF | SOCIETE GENERALE 0.37500% 21-26.07.28 | 600 000.00 | 531 600.00 | 0.20 |
| CHF | SOCIETE GENERALE SA 2.27750% 23-27.02.26 | 1 000 000.00 | 993 000.00 | 0.38 |
| CHF | SOCIETE GENERALE SA-REG-S 0.25000% 20-25.02.27 | 200 000.00 | 181 500.00 | 0.07 |
| CHF | SOCIETE GENERALE SA-REG-S 2.62500% 22-14.10.26 | 1 000 000.00 | 1 005 000.00 | 0.38 |
| CHF | TANNER SERVICIOS FINANCIEROS SA-REG-S 1.15000% 21-26.04.24 | 1 300 000.00 | 1 247 480.00 | 0.47 |
| CHF | TANNER SERVICIOS FINANCIEROS SA-REG-S 1.00000% 21-16.08.23 | 1 000 000.00 | 984 520.00 | 0.37 |
| CHF | TOYOTA MOTOR FINANCE NETHER BV-REG-S 0.000001% 21-21.05.24 | 800 000.00 | 776 433.57 | 0.29 |
| CHF | TRANSURBAN QUEENSLAND FINANCE PTY-REG-S 1.00000% 18-08.12.25 | 800 000.00 | 769 600.00 | 0.29 |
| CHF | TRANSURBAN QUEENSLAND FINANCE PTY-REG-S 0.87500% 21-19.11.31 | 1 000 000.00 | 870 500.00 | 0.33 |
| CHF | UBS AG LONDON BRANCH-REG-S 0.15000% 21-29.06.28 | 400 000.00 | 354 600.00 | 0.13 |
| CHF | WESTPAC BANKING CORP-REG-S 0.30000% 17-28.11.25 | 600 000.00 | 568 500.00 | 0.22 |
| CHF | WESTPAC BANKING CORP-REG-S 0.50000% 18-16.05.28 | 600 000.00 | 543 000.00 | 0.21 |
| Total CHF |  |  | 186 264 102.49 | 70.74 |
| Total Medium-Term Notes, fester Zins |  | 186 264 102.49 | 70.74 |
| Medium-Term Notes, variabler Zins |  |  |  |
| CHF |  |  |  |
| CHF	VTB BK OJSC VIA VTB CPTL SA-REG-S-SUB 4.072%/VAR 14-24.10.24 | 300 000.00 | 0.03 | 0.00 |
| Total CHF |  | 0.03 | 0.00 |
| Total Medium-Term Notes, variabler Zins |  | 0.03 | 0.00 |
| Anleihen, fester Zins |  |  |  |
| CHF |  |  |  |
| CHF	APPLE INC-REG-S 0.75000% 15-25.02.30 | 900 000.00 | 830 700.00 | 0.32 |
| CHF	BANCO BILBAO VIZCAYA ARGENTARIA-REG-S 0.12500% 20-27.08.26 | 400 000.00 | 367 000.00 | 0.14 |
| CHF	BANCO MER DEL NORTE SA/GRAND CY-REG-S 0.50000% 20-06.12.24 | 1 440 000.00 | 1 357 200.00 | 0.52 |
| CHF	BANCO MERCANTIL DEL NORTE SA-REG-S 0.45000% 19-18.12.23 | 2 350 000.00 | 2 297 830.00 | 0.87 |
| CHF	BANK FUER ARBEIT UND WIRTSCHAFT AG 2.87000% 22-03.10.25 | 1 200 000.00 | 1 212 000.00 | 0.46 |
| CHF	BLACK SEA TRADE & DEVELOPMT BK-REG-S 0.45000% 19-13.06.23 | 1 195 000.00 | 1 173 131.50 | 0.45 |
| CHF	CANADIAN IMPERIAL BK OF COMMERCE-REG-S 1.71250% 22-13.07.27 | 600 000.00 | 590 700.00 | 0.22 |
| CHF	CEMBRA MONEY BANK LTD-REG-S 0.41750% 21-15.11.28 | 1 000 000.00 | 883 500.00 | 0.34 |
| CHF	COCA-COLA CO/THE 1.00000% 15-02.10.28 | 600 000.00 | 568 800.00 | 0.22 |
| CHF	COMET HOLDING AG-REG-S 1.30000% 21-20.04.26 | 420 000.00 | 403 200.00 | 0.15 |
| CHF	CORPORACION ANDINA DE FOMENTO 0.30000% 17-07.04.25 | 300 000.00 | 288 300.00 | 0.11 |
| CHF	CORPORACION ANDINA DE FOMENTO-REG-S 2.08000% 22-31.08.28 | 1 000 000.00 | 974 000.00 | 0.37 |
| CHF	DIGITAL INTREPID HOLDING BV-REG-S 0.20000% 21-15.12.26 | 2 200 000.00 | 1 969 000.00 | 0.75 |
| CHF	DIGITAL INTREPID HOLDING BV-REG-S 0.55000% 21-16.04.29 | 1 000 000.00 | 847 000.00 | 0.32 |
| CHF	DIGITAL INTREPID HOLDING BV-REG-S 1.70000% 22-30.03.27 | 1 350 000.00 | 1 273 050.00 | 0.48 |
| CHF	DUFRY ONE BV-REG-S 3.62500% 21-15.04.26 | 1 415 000.00 | 1 330 736.75 | 0.51 |
| CHF	EUROPEAN INVESTMENT BANK 1.37500% 13-21.02.28 | 500 000.00 | 491 250.00 | 0.19 |
| CHF	FONDO FINANCIERO-REG-S 0.57800% 19-11.03.24 | 1 000 000.00 | 984 200.00 | 0.37 |
| CHF	FONDO FINANCIERO-REG-S 0.55600% 21-03.09.26 | 1 500 000.00 | 1 386 750.00 | 0.53 |
| CHF	FONDO FINANCIERO-REG-S 0.79500% 21-01.12.28 | 800 000.00 | 703 600.00 | 0.27 |
| CHF	HEATHROW FUNDING LTD-REG-S 1.80000% 22-27.05.27 | 1 200 000.00 | 1 155 000.00 | 0.44 |
| CHF	HYPOTHEKENBANK FRANKFURT INTL 2.50000% 05-29.08.25 | 400 000.00 | 401 200.00 | 0.15 |
| CHF	KAZAKHSTAN TEMIR ZHOLY NATIONAL CO JSC 3.25000% 18-05.12.23 | 3 350 000.00 | 3 199 250.00 | 1.21 |
| CHF	KERNKRAFTWERK GOESGEN-DAENIKEN-REG-S 0.93000% 20-30.09.27 | 500 000.00 | 462 500.00 | 0.18 |
| CHF	KOREA HOUSING FINANCE CORP-REG-S 2.15500% 22-14.10.25 | 1 000 000.00 | 997 000.00 | 0.38 |
| CHF	KOREA HOUSING FINANCE CORP-REG-S 2.46500% 22-14.10.27 | 1 000 000.00 | 1 005 000.00 | 0.38 |
| CHF	KOREA HOUSING FINANCE CORP 1.89250% 23-10.02.28 | 1 500 000.00 | 1 467 750.00 | 0.56 |
| CHF	LUZERNER KANTONALBANK AG-REG-S-SUB 0.87500% 21-14.05.31 | 1 200 000.00 | 997 200.00 | 0.38 |
| CHF	MUENCHENER HYPOTHEKENBANK EG-REG-S 0.25000% 20-18.09.28 | 1 000 000.00 | 875 000.00 | 0.33 |
| CHF	NATIONWIDE BUILDING SOCIETY-REG-S 1.52030% 22-17.12.29 | 1 200 000.00 | 1 156 800.00 | 0.44 |
| CHF	NEW BRUNSWICK, PROVINCE OF 0.20000% 16-07.11.31 | 1 000 000.00 | 862 000.00 | 0.33 |
| CHF	NEW BRUNSWICK, PROVINCE OF 0.25000% 17-19.01.29 | 1 000 000.00 | 909 000.00 | 0.34 |
| CHF	NORTH AMERICAN DEVELOPMENT BANK-REG-S 0.30000% 18-24.07.26 | 540 000.00 | 510 030.00 | 0.19 |
| CHF	NORTH AMERICAN DEVELOPMENT BANK-REG-S 0.20000% 20-28.11.28 | 1 000 000.00 | 901 000.00 | 0.34 |
| CHF	NORTH AMERICAN DEVELOPMENT BANK-REG-S 0.55000% 20-27.05.33 | 525 000.00 | 447 562.50 | 0.17 |
| CHF	OESTERREICHISCHE KONTROLLBANK AG 2.87500% 05-25.02.30 | 500 000.00 | 535 500.00 | 0.20 |
| CHF	PETROLEOS MEXICANOS-REG-S 1.75000% 18-04.12.23 | 3 000 000.00 | 2 968 500.00 | 1.13 |
| CHF	RAIFFEISEN SCHWEIZ GENOSSENSCHAFT 1.50000% 20-23.11.34 | 1 400 000.00 | 1 169 700.00 | 0.44 |
| CHF	RIETER HOLDING AG-REG-S 1.55000% 20-17.09.24 | 1 650 000.00 | 1 595 273.79 | 0.61 |
| CHF	SYNGENTA FINANCE AG-REG-S 0.70000% 20-09.12.26 | 350 000.00 | 322 000.00 | 0.12 |
| CHF	SYNGENTA FINANCE AG-REG-S 1.25000% 20-16.10.23 | 700 000.00 | 695 100.00 | 0.26 |
| CHF	SYNGENTA FINANCE AG-REG-S 0.62500% 21-30.08.24 | 1 000 000.00 | 969 900.00 | 0.37 |
| CHF	TOTAL CAPITAL INTERNATIONAL SA-REG-S 0.16600% 19-21.12.29 | 1 000 000.00 | 877 000.00 | 0.33 |
| CHF	TRANSPOWER NEW ZEALAND LTD 0.02000% 19-16.12.27 | 230 000.00 | 207 345.00 | 0.08 |

UBS (Lux) Bond Fund – CHF Flexible*
- ehemals UBS (Lux) Bond Fund – CHFJahresbericht und geprüfter Jahresabschluss per 31. März 2023

|  | Bezeichnung | Anzahl/ | Bewertung in CHF | in % des |
| --- | --- | --- | --- | --- |
|  | Nominal | NR Kursgewinn | Netto- |
|  |  | (-verlust) auf Futures/ | vermögens |
|  |  | Devisentermin- |  |
|  |  | kontrakten/ |  |
|  |  | Swaps (Erl. 1) |  |
|  |  |  |  |  |
| CHF | UBS GROUP AG 0.37500% 21-24.08.29 | 1 400 000.00 | 1 198 400.00 | 0.45 |
| CHF | VARIA US PROPERTIES AG 2.87500% 21-07.10.25 | 1 000 000.00 | 968 000.00 | 0.37 |
| CHF | ZUERCHER KANTONALBANK-REG-S 0.05000% 20-05.02.31 | 300 000.00 | 255 900.00 | 0.10 |
| Total CHF |  |  | 47 040 859.54 | 17.87 |
| Total Anleihen, fester Zins |  | 47 040 859.54 | 17.87 |
| Anleihen, Nullcoupon |  |  |  |
| CHF |  |  |  |
| CHF	CREDIT SUISSE SCHWEIZ AG-REG-S 0.00000% 19-16.07.29 | 585 000.00 | 483 210.00 | 0.18 |
| CHF	KOREA RAILROAD CORP-REG-S 0.00000% 19-13.06.25 | 1 550 000.00 | 1 465 525.00 | 0.56 |
| Total CHF |  | 1 948 735.00 | 0.74 |
| Total Anleihen, Nullcoupon |  | 1 948 735.00 | 0.74 |
| Anleihen, variabler Zins |  |  |  |
| CHF |  |  |  |
| CHF	BALOISE LIFE LTD-SUB 2.200%/VAR 17-19.06.48 | 1 000 000.00 | 890 000.00 | 0.34 |
| CHF	BANK CLER AG-SUB 3.000%/VAR 20-PRP | 1 000 000.00 | 861 020.00 | 0.33 |
| CHF	BASLER KANTONALBANK-REG-S-SUB 1.875%/VAR 20-PRP | 1 500 000.00 | 1 327 500.00 | 0.50 |
| CHF	HELVETIA SCHWEIZ VERSICHERUNGSGES-SUB 1.500%/VAR 20-PRP | 1 000 000.00 | 898 000.00 | 0.34 |
| CHF	HELVETIA SCHWEIZ VERSICHERU-REG-S-SUB 1.450%/VAR 20-12.08.40 | 300 000.00 | 240 000.00 | 0.09 |
| CHF	LAFARGEHOLCIM HELVETIA FIN-REG-S-SUB 3.500%/VAR 18-PRP | 600 000.00 | 594 300.00 | 0.23 |
| CHF	LUZERNER KANTONALBANK-REG-S-SUB 1.500%/VAR 20-PRP | 1 825 000.00 | 1 414 375.00 | 0.54 |
| CHF	RAIFFEISEN SCHWEIZ GENOSSENSCHAF-REG-S-SUB 2.000%/VAR 20-PRP | 1 200 000.00 | 1 022 400.00 | 0.39 |
| CHF	SWISS LIFE AG-REG-S-SUB 2.625%/VAR 18-25.09.48 | 1 000 000.00 | 907 500.00 | 0.34 |
| Total CHF |  | 8 155 095.00 | 3.10 |
| Total Anleihen, variabler Zins |  | 8 155 095.00 | 3.10 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden |  | 255 761 792.06 | 97.14 |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
Luxemburg
| USD | UBS (LUX) BOND SICAV - CHINA HIGH YIELD (USD) U-X-ACC | 100.00 | 500 214.30 | 0.19 |
| --- | --- | --- | --- | --- |
| CHF | UBS LUX BOND SICAV-ASIAN HIGH YIELD (USD) (CHF HGD) I-X-ACC | 60 000.00 | 3 699 600.00 | 1.40 |
| Total Luxemburg | 4 199 814.30 | 1.59 |
| Total Investment Fonds, open end | 4 199 814.30 | 1.59 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 | 4 199 814.30 | 1.59 |
| Total des Wertpapierbestandes | 259 961 606.36 | 98.73 |


### Derivative Instrumente
Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Swaps und Forward-Swaps auf Zinssätze
| CHF CHF | UBS/INTEREST RATE SWAP PAY 2.10000% 23-10.03.25 UBS/INTEREST RATE SWAP REC SARON O/N 23-10.03.25 | -8 000 000.00 | -31 856.00 | -0.01 |
| --- | --- | --- | --- | --- |
| CHF | UBS/INTEREST RATE SWAP PAY 2.05750% 23-09.03.25 | -7 000 000.00 | -22 208.20 | -0.01 |
| CHF | UBS/INTEREST RATE SWAP REC SARON O/N 23-09.03.25 |  |  |  |
| CHF | UBS/INTEREST RATE SWAP PAY 1.49250% 23-15.03.25 | -7 000 000.00 | 56 894.60 | 0.02 |
| CHF | UBS/INTEREST RATE SWAP REC SARON O/N 23-15.03.25 |  |  |  |
| Total Swaps und Forward-Swaps auf Zinssätze | 2 830.40 | 0.00 |
| Total Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden | 2 830.40 | 0.00 |
| Total Derivative Instrumente | 2 830.40 | 0.00 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 5 956 084.88 | 2.26 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -261.93 | 0.00 |
| Andere Aktiva und Passiva | -2 623 939.73 | -0.99 |
| Total des Nettovermögens | 263 296 319.98 | 100.00 |

UBS (Lux) Bond Fund – CHF Flexible*
* ehemals UBS (Lux) Bond Fund – CHF
Jahresbericht und geprüfter Jahresabschluss per 31. März 2023