# UBS (Lux) Bond SICAV – Global Dynamic (USD)
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 31.5.2021 | 31.5.2020 | 31.5.2019 |
| Net assets in USD |  | 1 387 273 948.99 | 976 416 981.44 | 345 226 235.61 |
| Class (EUR hedged) F-acc 1 | LU1287054065 |  |  |  |
| Shares outstanding |  | - | - | 39 312.0000 |
| Net asset value per share in EUR |  | - | - | 104.31 |
| Issue and redemption price per share in EUR 2 |  | - | - | 104.31 |
| Class (EUR hedged) I-A1-acc 3 | LU1240811650 |  |  |  |
| Shares outstanding |  | 696 720.5160 | 750 514.6690 | - |
| Net asset value per share in EUR |  | 103.07 | 98.35 | - |
| Issue and redemption price per share in EUR 2 |  | 103.07 | 98.35 | - |
| Class I-A2-acc 4 | LU2189802106 |  |  |  |
| Shares outstanding |  | 984 720.2910 | - | - |
| Net asset value per share in USD |  | 104.75 | - | - |
| Issue and redemption price per share in USD 2 |  | 104.75 | - | - |
| Class (EUR hedged) I-A3-acc 5 | LU2134544555 |  |  |  |
| Shares outstanding |  | 43 257.2780 | 100.0000 | - |
| Net asset value per share in EUR |  | 119.41 | 113.84 | - |
| Issue and redemption price per share in EUR 2 |  | 119.41 | 113.84 | - |
| Class I-B-acc 6 | LU2113590561 |  |  |  |
| Shares outstanding |  | 296 804.2700 | - | - |
| Net asset value per share in USD |  | 101.26 | - | - |
| Issue and redemption price per share in USD 2 |  | 101.26 | - | - |
| Class (EUR hedged) I-B-acc | LU1193130314 |  |  |  |
| Shares outstanding |  | 410 405.4760 | 65 363.4740 | 76 930.6480 |
| Net asset value per share in EUR |  | 104.90 | 114.38 | 110.81 |
| Issue and redemption price per share in EUR 2 |  | 104.90 | 114.38 | 110.81 |
| Class I-X-acc | LU1138686867 |  |  |  |
| Shares outstanding |  | 378 558.2010 | 228 147.7250 | 155 684.2320 |
| Net asset value per share in USD |  | 136.37 | 127.97 | 120.66 |
| Issue and redemption price per share in USD 2 |  | 136.37 | 127.97 | 120.66 |
| Class (CHF hedged) I-X-acc | LU1557225098 |  |  |  |
| Shares outstanding |  | 511 993.5060 | 373 152.3150 | 76 329.2180 |
| Net asset value per share in CHF |  | 123.99 | 117.74 | 114.44 |
| Issue and redemption price per share in CHF 2 |  | 123.99 | 117.74 | 114.44 |
| Class (EUR hedged) I-X-acc | LU1822788151 |  |  |  |
| Shares outstanding |  | 121 225.2080 | 118 155.3140 | 147 615.8720 |
| Net asset value per share in EUR |  | 113.68 | 107.73 | 104.29 |
| Issue and redemption price per share in EUR 2 |  | 113.68 | 107.73 | 104.29 |
| Class K-B-acc 7 | LU2282404438 |  |  |  |
| Shares outstanding |  | 326 900.0000 | - | - |
| Net asset value per share in USD |  | 99.29 | - | - |
| Issue and redemption price per share in USD 2 |  | 99.29 | - | - |
| Class K-X-acc | LU1860987145 |  |  |  |
| Shares outstanding |  | 164 788.8360 | 164 788.8360 | 78 158.3670 |
| Net asset value per share in USD |  | 120.6900 | 113.30 | 106.86 |
| Issue and redemption price per share in USD 2 |  | 120.69 | 113.30 | 106.86 |
| Class K-X-dist 8 | LU1917356179 |  |  |  |
| Shares outstanding |  | 149 093.0950 | 120 329.3350 | - |
| Net asset value per share in USD |  | 107.42 | 103.16 | - |
| Issue and redemption price per share in USD 2 |  | 107.42 | 103.16 | - |
| Class P-4%-mdist 9 | LU2051222904 |  |  |  |
| Shares outstanding |  | 43 916.0810 | 28 513.8550 | - |
| Net asset value per share in USD |  | 100.16 | 99.19 | - |
| Issue and redemption price per share in USD 2 |  | 100.16 | 99.19 | - |
| Class P-acc | LU0891671751 |  |  |  |
| Shares outstanding |  | 649 268.7490 | 463 352.5420 | 153 812.5500 |
| Net asset value per share in USD |  | 129.75 | 123.53 | 118.15 |
| Issue and redemption price per share in USD 2 |  | 129.75 | 123.53 | 118.15 |
| Class (CHF hedged) P-acc | LU0891672213 |  |  |  |
| Shares outstanding |  | 124 770.3430 | 172 184.7300 | 163 166.4700 |
| Net asset value per share in CHF |  | 112.36 | 108.30 | 106.82 |
| Issue and redemption price per share in CHF 2 |  | 112.36 | 108.30 | 106.82 |
| Class (EUR hedged) P-acc | LU0891672056 |  |  |  |
| Shares outstanding |  | 2 792 700.8260 | 1 889 095.6090 | 371 635.5540 |
| Net asset value per share in EUR |  | 116.22 | 111.81 | 109.85 |
| Issue and redemption price per share in EUR 2 |  | 116.22 | 111.81 | 109.85 |

UBS (Lux) Bond SICAV – Global Dynamic (USD) Annual report and audited financial statements as of 31 May 2021
|  | ISIN | 31.5.2021 |  | 31.5.2020 | 31.5.2019 |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
| Class P-dist | LU0891671835 |  |  |  |  |
| Shares outstanding |  | 44 236.5250 |  | 53 032.5600 | 22 159.6960 |
| Net asset value per share in USD |  | 115.52 |  | 111.69 | 107.64 |
| Issue and redemption price per share in USD 2 |  | 115.52 |  | 111.69 | 107.64 |
| Class (CHF hedged) P-dist | LU0891672304 |  |  |  |  |
| Shares outstanding |  | 40 564.8980 |  | 38 388.7570 | 38 696.4800 |
| Net asset value per share in CHF |  | 100.14 |  | 97.84 | 97.24 |
| Issue and redemption price per share in CHF 2 |  | 100.14 |  | 97.84 | 97.24 |
| Class (EUR hedged) P-dist | LU0891672130 |  |  |  |  |
| Shares outstanding |  | 145 771.3230 |  | 120 348.3040 | 69 975.8500 |
| Net asset value per share in EUR |  | 103.31 |  | 100.87 | 99.86 |
| Issue and redemption price per share in EUR 2 |  | 103.31 |  | 100.87 | 99.86 |
| Class Q-4%-mdist 10 | LU2038039314 |  |  |  |  |
| Shares outstanding |  | 128 104.7630 |  | 108 504.5660 | - |
| Net asset value per share in USD |  | 100.52 |  | 98.94 | - |
| Issue and redemption price per share in USD 2 |  | 100.52 |  | 98.94 | - |
| Class Q-acc | LU1240774783 |  |  |  |  |
| Shares outstanding |  | 983 891.7330 |  | 765 938.7300 | 109 344.1960 |
| Net asset value per share in USD |  | 128.35 |  | 121.47 | 115.50 |
| Issue and redemption price per share in USD 2 |  | 128.35 |  | 121.47 | 115.50 |
| Class (CHF hedged) Q-acc | LU1240774437 |  |  |  |  |
| Shares outstanding |  | 474 582.3430 |  | 463 749.4170 | 223 158.2510 |
| Net asset value per share in CHF |  | 112.32 |  | 107.62 | 105.52 |
| Issue and redemption price per share in CHF 2 |  | 112.32 |  | 107.62 | 105.52 |
| Class (EUR hedged) Q-acc | LU1240774601 |  |  |  |  |
| Shares outstanding |  | 845 260.0870 | 1 | 775 888.0570 | 1 041 535.4190 |
| Net asset value per share in EUR |  | 114.91 |  | 109.87 | 107.28 |
| Issue and redemption price per share in EUR 2 |  | 114.91 |  | 109.87 | 107.28 |
| Class Q-dist | LU1240774866 |  |  |  |  |
| Shares outstanding |  | 235 677.3560 |  | 240 782.2450 | 57 642.8900 |
| Net asset value per share in USD |  | 117.01 |  | 112.61 | 108.51 |
| Issue and redemption price per share in USD 2 |  | 117.01 |  | 112.61 | 108.51 |
| Class (CHF hedged) Q-dist | LU1240774510 |  |  |  |  |
| Shares outstanding |  | 153 651.6680 |  | 177 472.1870 | 109 190.2340 |
| Net asset value per share in CHF |  | 101.94 |  | 99.66 | 99.05 |
| Issue and redemption price per share in CHF 2 |  | 101.94 |  | 99.66 | 99.05 |
| Class (EUR hedged) Q-dist | LU1109640307 |  |  |  |  |
| Shares outstanding |  | 68 774.5520 |  | 87 628.7250 | 51 633.6620 |
| Net asset value per share in EUR |  | 102.27 |  | 100.25 | 99.27 |
| Issue and redemption price per share in EUR 2 |  | 102.27 |  | 100.25 | 99.27 |
| 1  The share class (EUR hedged) F-acc was in circulation until 23.3.2020 2  See note 1 3  First NAV: 23.12.2019 4  First NAV: 2.7.2020 5  First NAV: 25.3.2020 6  First NAV: 11.11.2020 7  First NAV: 11.2.2021 8  First NAV: 17.7.2019 9  First NAV: 24.9.2019 10  First NAV: 10.9.2019 |  |  |  |  |  |
| Performance |  |  |  |  |  |
|  |  | Currency | 2020/2021 | 2019/2020 | 2018/2019 |
| Class (EUR hedged) F-acc 1 |  | EUR | - | - | 3.8% |
| Class (EUR hedged) I-A1-acc |  | EUR | 4.8% | - | - |
| Class I-A2-acc 2 |  | USD | - | - | - |
| Class (EUR hedged) I-A3-acc |  | EUR | 4.9% | - | - |
| Class I-B-acc 2 |  | USD | - | - | - |
| Class (EUR hedged) I-B-acc |  | EUR | - | 3.2% | 4.3% |
| Class I-X-acc |  | USD | 6.6% | 6.1% | 7.5% |
| Class (CHF hedged) I-X-acc |  | CHF | 5.3% | 2.9% | 4.0% |
| Class (EUR hedged) I-X-acc |  | EUR | 5.5% | 3.3% | 4.4% |
| Class K-B-acc 2 |  | USD | - | - | - |
| Class K-X-acc |  | USD | 6.5% | 6.0% | - |
| Class K-X-dist |  | USD | 6.5% | - | - |
| Class P-4%-mdist |  | USD | 5.0% | - | - |
| Class P-acc |  | USD | 5.0% | 4.6% | 6.0% |
| Class (CHF hedged) P-acc |  | CHF | 3.7% | 1.4% | 2.6% |
| Class (EUR hedged) P-acc |  | EUR | 3.9% | 1.8% | 2.9% |
| Class P-dist |  | USD | 5.0% | 4.5% | 6.0% |
| Class (CHF hedged) P-dist |  | CHF | 3.7% | 1.4% | 2.5% |
| Class (EUR hedged) P-dist |  | EUR | 3.9% | 1.8% | 2.9% |
| Class Q-4%-mdist |  | USD | 5.7% | - | - |
| Class Q-acc |  | USD | 5.7% | 5.2% | 6.6% |
| Class (CHF hedged) Q-acc |  | CHF | 4.4% | 2.0% | 3.2% |
| Class (EUR hedged) Q-acc |  | EUR | 4.6% | 2.4% | 3.5% |

UBS (Lux) Bond SICAV – Global Dynamic (USD)
Annual report and audited financial statements as of 31 May 2021
|  | Currency | 2020/2021 | 2019/2020 | 2018/2019 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class Q-dist | USD | 5.7% | 5.2% | 6.6% |
| Class (CHF hedged) Q-dist | CHF | 4.4% | 2.0% | 3.2% |
| Class (EUR hedged) Q-dist | EUR | 4.6% | 2.4% | 3.5% |

1 
The share class (EUR hedged) F-acc was in circulation until 23.3.2020. Due to this fact, there is no data for the calculation of the performance available in 2021.
2 
Due to the recent launch, there is no data for the calculation of the performance available.
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.
The subfund has no benchmark.
UBS (Lux) Bond SICAV – Global Dynamic (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 the loose mon- etary policy the central banks continued to run in order to support the global economy emerging from a pan- demic. Corporate credit sectors performed especially well with spreads grinding tighter to post-financial crisis lows. In government bond markets, investors started looking ahead at the effects of the loose monetary policy and at the beginning of 2021 inflation fears became a concern as vaccines started to be rolled out globally. This has led to market pricing in an inflation overshoot and an earlier tapering than communicated as government bond yields rose substantially.
The subfund produced a positive total performance over the financial year. Given the sharp snapback in govern- ment bond yields, markets where we were long dura- tion were a detractor from performance, while markets where we were short duration contributed. As a result, our main positions long duration in the US, China, Mexico and South Africa detracted from performance, while our short duration stance in the UK, Poland and Germany contributed. Our exposure to spread sectors across Investment Grade and High Yield Corporates, Securitized and EMD contributed to performance as spreads grinded tighter. Withing currencies, our prefer- ence for Emerging Market currencies was a contribu- tor, as these recovered from the Q1 2020 turmoil. We continue to run a diversified strategy, long markets with attractive yield pick-up and room for monetary eas- ing and exposure to inflation-linked bonds in countries where we believe inflation protection is cheap. Addition- ally, we own a diversified basket of EMD issuers where we see attractive risk-adjusted carry and a cautious and selective allocation to both investment grade and high yield corporates, as these continue to benefit from vari- ous central bank purchase programs.

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| United States | 29.22 |
| --- | --- |
| New Zealand | 14.16 |
| Mexico | 4.18 |
| United Kingdom | 3.82 |
| Ireland | 3.82 |
| Russian Federation (CIS) | 3.49 |
| Italy | 2.67 |
| Spain | 2.66 |
| Slovenia | 2.16 |
| South Africa | 2.06 |

UBS (Lux) Bond SICAV – Global Dynamic (USD)
Annual report and audited financial statements as of 31 May 2021
Geographical Breakdown as a % of net assets (Cont.)	
| Luxembourg | 2.05 |
| --- | --- |
| Japan | 2.02 |
| China | 1.70 |
| The Netherlands | 1.55 |
| France | 1.55 |
| Germany | 1.28 |
| Brazil | 0.80 |
| Canada | 0.69 |
| Australia | 0.68 |
| Romania | 0.53 |
| Cayman Islands | 0.51 |
| Ukraine | 0.49 |
| India | 0.44 |
| Saudi Arabia | 0.42 |
| Peru | 0.42 |
| Switzerland | 0.41 |
| Denmark | 0.39 |
| Chile | 0.36 |
| Turkey | 0.34 |
| Norway | 0.32 |
| Greece | 0.31 |
| Morocco | 0.28 |
| Sweden | 0.27 |
| Kazakhstan | 0.27 |
| Indonesia | 0.27 |
| Ghana | 0.27 |
| Finland | 0.24 |
| Colombia | 0.24 |
| Guatemala | 0.23 |
| Costa Rica | 0.22 |
| Thailand | 0.22 |
| Uruguay | 0.19 |
| Philippines | 0.18 |
| Mongolia | 0.18 |
| Bermuda | 0.17 |
| Egypt | 0.16 |
| Oman | 0.14 |
| Nigeria | 0.12 |
| Kenya | 0.12 |
| Hong Kong | 0.11 |
| British Virgin Islands | 0.11 |
| Singapore | 0.10 |
| Poland | 0.09 |
| Ecuador | 0.08 |
| Belgium | 0.08 |
| Malaysia | 0.08 |
| Sri Lanka | 0.07 |
| Argentina | 0.06 |
| Jersey | 0.06 |
| Total | 90.11 |

Economic Breakdown as a % of net assets	
| Countries & central governments | 56.42 |
| --- | --- |
| Finance & holding companies | 6.01 |
| Mortgage & funding institutions | 5.24 |
| Banks & credit institutions | 4.59 |
| Investment funds | 4.02 |
| Telecommunications | 1.56 |
| Petroleum | 1.35 |
| Energy & water supply | 1.19 |
| Vehicles | 1.09 |
| Traffic & transportation | 1.05 |
| Miscellaneous unclassified companies | 0.89 |
| Real Estate | 0.77 |
| Retail trade, department stores | 0.68 |
| Internet, software & IT services | 0.66 |
| Miscellaneous services | 0.58 |
| Cantons, federal states | 0.54 |
| Computer hardware & network equipment providers | 0.53 |
| Insurance | 0.48 |
| Mechanical engineering & industrial equipment | 0.42 |
| Pharmaceuticals, cosmetics & medical products | 0.37 |
| Tobacco & alcohol | 0.26 |
| Healthcare & social services | 0.26 |
| Textiles, garments & leather goods | 0.23 |
| Chemicals | 0.20 |
| Aerospace industry | 0.13 |
| Electrical devices & components | 0.13 |
| Graphic design, publishing & media | 0.12 |
| Food & soft drinks | 0.10 |
| Mining, coal & steel | 0.08 |
| Biotechnology | 0.06 |
| Packaging industry | 0.04 |
| Lodging, catering & leisure | 0.03 |
| Miscellaneous consumer goods | 0.03 |
| Total | 90.11 |


## Statement of Net Assets
USD
Investments in securities, cost	1 203 768 665.33
Investments in securities, unrealized appreciation (depreciation)		46 234 579.66	 Total investments in securities (Note 1)			1 250 003 244.99
Cash at banks, deposits on demand and deposit accounts	147 836 649.32*
Other liquid assets (Margins)	21 682 808.89
Receivable on securities sales (Note 1)	1 063 364.25
Receivable on subscriptions	3 589 663.01
Interest receivable on securities	10 255 702.37
Interest receivable on liquid assets	14 115.07
Receivable on dividends	1 405.61
Other receivables	128 215.80
Unrealized gain on financial futures (Note 1)	2 619 490.18
Unrealized gain on swaps (Note 1)	1 450 956.79
Unrealized loss on forward foreign exchange contracts (Note 1)	-18 832 304.61
Bank overdraft	-23 525 719.93
Payable on securities purchases (Note 1)	-5 969 489.84
Payable on redemptions	-1 341 420.05
Provisions for flat fee (Note 2)	-1 508 658.37
Provisions for taxe d’abonnement (Note 3)	-90 064.28
Provisions for other commissions and fees (Note 2)		-104 010.21		 Total provisions			-1 702 732.86

## Statement of Operations
USD
Interest on liquid assets	197 911.83
Interest on securities	36 887 158.69
Dividends	40 489.77
Interest received on swaps (Note 1)	18 587 727.10
Income on securities lending (Note 16)	490 393.75
Other income (Note 4)	1 336 918.35
Interest paid on swaps (Note 1)	-17 104 223.05
Flat fee (Note 2)	-10 939 305.34
Taxe d’abonnement (Note 3)	-488 615.07
Cost on securities lending (Note 16)	-196 157.50
Other commissions and fees (Note 2)	-101 568.92
Interest on cash and bank overdraft	-363 640.25
Realized gain (loss) on market-priced securities without options	14 941 176.22
Realized gain (loss) on financial futures	9 992 160.06
Realized gain (loss) on forward foreign exchange contracts	-1 362 239.95
Realized gain (loss) on swaps	21 258 685.17
Realized gain (loss) on foreign exchange	26 361 276.39
Unrealized appreciation (depreciation) on market-priced securities without options	50 466 067.81
Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments	105 089.00
Unrealized appreciation (depreciation) on financial futures	2 936 646.81
Unrealized appreciation (depreciation) on forward foreign exchange contracts	-29 993 811.12
Unrealized appreciation (depreciation) on swaps	-1 100 005.59
* As at 31 May 2021, cash amounts serve as collateral for the counterparty Bank of America for an amount of USD 1 030 000.00, Citibank for an amount of USD 580 000.00, Goldman Sachs for an amount of USD 690 000.00, HSBC Bank for an amount of USD 400 000.00 and JP Morgan for an amount of USD 164 000.00.
UBS (Lux) Bond SICAV – Global Dynamic (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 | 976 416 981.44 |
| Subscriptions | 749 328 895.25 |
| Redemptions | 	-458 038 276.98	 |
| Total net subscriptions (redemptions) | 291 290 618.27 |
| Dividend paid | -2 385 784.88 |
| Net income (loss) on investments | 28 347 089.36 |
| Total realized gain (loss) | 71 191 057.89 |
| Total changes in unrealized appreciation (depreciation) | 	22 413 986.91	 |
| Net increase (decrease) in net assets as a result of operations | 121 952 134.16 |
| Net assets at the end of the financial year | 1 387 273 948.99 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2020-31.5.2021 |
| Class | (EUR hedged) I-A1-acc |
| Number of shares outstanding at the beginning of the financial year | 750 514.6690 |
| Number of shares issued | 641 898.3860 |
| Number of shares redeemed | -695 692.5390 |
| Number of shares outstanding at the end of the financial year | 696 720.5160 |
| Class | I-A2-acc |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 1 005 778.9690 |
| Number of shares redeemed | -21 058.6780 |
| Number of shares outstanding at the end of the financial year | 984 720.2910 |
| Class | (EUR hedged) I-A3-acc |
| Number of shares outstanding at the beginning of the financial year | 100.0000 |
| Number of shares issued | 47 410.0530 |
| Number of shares redeemed | -4 252.7750 |
| Number of shares outstanding at the end of the financial year | 43 257.2780 |
| Class | I-B-acc |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 296 962.0930 |
| Number of shares redeemed | -157.8230 |
| Number of shares outstanding at the end of the financial year | 296 804.2700 |
| Class | (EUR hedged) I-B-acc |
| Number of shares outstanding at the beginning of the financial year | 65 363.4740 |
| Number of shares issued | 433 813.7880 |
| Number of shares redeemed | -88 771.7860 |
| Number of shares outstanding at the end of the financial year | 410 405.4760 |
| Class | I-X-acc |
| Number of shares outstanding at the beginning of the financial year | 228 147.7250 |
| Number of shares issued | 240 418.6070 |
| Number of shares redeemed | -90 008.1310 |
| Number of shares outstanding at the end of the financial year | 378 558.2010 |
| Class | (CHF hedged) I-X-acc |
| Number of shares outstanding at the beginning of the financial year | 373 152.3150 |
| Number of shares issued | 249 311.1630 |
| Number of shares redeemed | -110 469.9720 |
| Number of shares outstanding at the end of the financial year | 511 993.5060 |
| Class | (EUR hedged) I-X-acc |
| Number of shares outstanding at the beginning of the financial year | 118 155.3140 |
| Number of shares issued | 3 958.3720 |
| Number of shares redeemed | -888.4780 |
| Number of shares outstanding at the end of the financial year | 121 225.2080 |
| Class | K-B-acc |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 326 900.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the financial year | 326 900.0000 |
| Class | K-X-acc |
| Number of shares outstanding at the beginning of the financial year | 164 788.8360 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the financial year | 164 788.8360 |
| Class | K-X-dist |
| Number of shares outstanding at the beginning of the financial year | 120 329.3350 |
| Number of shares issued | 28 763.7600 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the financial year | 149 093.0950 |

UBS (Lux) Bond SICAV – Global Dynamic (USD)
Annual report and audited financial statements as of 31 May 2021
| Class | P-4%-mdist |
| --- | --- |
| Number of shares outstanding at the beginning of the financial year | 28 513.8550 |
| Number of shares issued | 18 510.7120 |
| Number of shares redeemed | -3 108.4860 |
| Number of shares outstanding at the end of the financial year | 43 916.0810 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the financial year | 463 352.5420 |
| Number of shares issued | 303 020.4450 |
| Number of shares redeemed | -117 104.2380 |
| Number of shares outstanding at the end of the financial year | 649 268.7490 |
| Class | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the financial year | 172 184.7300 |
| Number of shares issued | 14 792.2040 |
| Number of shares redeemed | -62 206.5910 |
| Number of shares outstanding at the end of the financial year | 124 770.3430 |
| Class | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the financial year | 1 889 095.6090 |
| Number of shares issued | 1 469 138.7700 |
| Number of shares redeemed | -565 533.5530 |
| Number of shares outstanding at the end of the financial year | 2 792 700.8260 |
| Class | P-dist |
| Number of shares outstanding at the beginning of the financial year | 53 032.5600 |
| Number of shares issued | 18 701.1280 |
| Number of shares redeemed | -27 497.1630 |
| Number of shares outstanding at the end of the financial year | 44 236.5250 |
| Class | (CHF hedged) P-dist |
| Number of shares outstanding at the beginning of the financial year | 38 388.7570 |
| Number of shares issued | 8 726.2300 |
| Number of shares redeemed | -6 550.0890 |
| Number of shares outstanding at the end of the financial year | 40 564.8980 |
| Class | (EUR hedged) P-dist |
| Number of shares outstanding at the beginning of the financial year | 120 348.3040 |
| Number of shares issued | 46 078.1360 |
| Number of shares redeemed | -20 655.1170 |
| Number of shares outstanding at the end of the financial year | 145 771.3230 |
| Class | Q-4%-mdist |
| Number of shares outstanding at the beginning of the financial year | 108 504.5660 |
| Number of shares issued | 108 538.2340 |
| Number of shares redeemed | -88 938.0370 |
| Number of shares outstanding at the end of the financial year | 128 104.7630 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the financial year | 765 938.7300 |
| Number of shares issued | 372 113.7210 |
| Number of shares redeemed | -154 160.7180 |
| Number of shares outstanding at the end of the financial year | 983 891.7330 |
| Class | (CHF hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year | 463 749.4170 |
| Number of shares issued | 76 367.9420 |
| Number of shares redeemed | -65 535.0160 |
| Number of shares outstanding at the end of the financial year | 474 582.3430 |
| Class | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year | 1 775 888.0570 |
| Number of shares issued | 327 434.4310 |
| Number of shares redeemed | -1 258 062.4010 |
| Number of shares outstanding at the end of the financial year | 845 260.0870 |
| Class | Q-dist |
| Number of shares outstanding at the beginning of the financial year | 240 782.2450 |
| Number of shares issued | 103 683.2080 |
| Number of shares redeemed | -108 788.0970 |
| Number of shares outstanding at the end of the financial year | 235 677.3560 |
| Class | (CHF hedged) Q-dist |
| Number of shares outstanding at the beginning of the financial year | 177 472.1870 |
| Number of shares issued | 31 483.4930 |
| Number of shares redeemed | -55 304.0120 |
| Number of shares outstanding at the end of the financial year | 153 651.6680 |
| Class | (EUR hedged) Q-dist |
| Number of shares outstanding at the beginning of the financial year | 87 628.7250 |
| Number of shares issued | 31 343.6890 |
| Number of shares redeemed | -50 197.8620 |
| Number of shares outstanding at the end of the financial year | 68 774.5520 |

UBS (Lux) Bond SICAV – Global Dynamic (USD) Annual report and audited financial statements as of 31 May 2021
| Annual Distribution 1 |  |
| --- | --- |
| UBS (Lux) Bond SICAV – Global Dynamic (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| K-X-dist | 3.8.2020 | 6.8.2020 | USD | 2.35 |
| P-dist | 3.8.2020 | 6.8.2020 | USD | 1.73 |
| (CHF hedged) P-dist | 3.8.2020 | 6.8.2020 | CHF | 1.33 |
| (EUR hedged) P-dist | 3.8.2020 | 6.8.2020 | EUR | 1.50 |
| Q-dist | 3.8.2020 | 6.8.2020 | USD | 1.91 |
| (CHF hedged) Q-dist | 3.8.2020 | 6.8.2020 | CHF | 2.02 |
| (EUR hedged) Q-dist | 3.8.2020 | 6.8.2020 | EUR | 2.50 |
| Monthly Distribution 1 |  |  |  |  |
| UBS (Lux) Bond SICAV – Global Dynamic (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| P-4%-mdist | 10.6.2020 | 15.6.2020 | USD | 0.33 |
| P-4%-mdist | 10.7.2020 | 15.7.2020 | USD | 0.33 |
| P-4%-mdist | 10.8.2020 | 13.8.2020 | USD | 0.33 |
| P-4%-mdist | 10.9.2020 | 15.9.2020 | USD | 0.33 |
| P-4%-mdist | 12.10.2020 | 15.10.2020 | USD | 0.33 |
| P-4%-mdist | 10.11.2020 | 13.11.2020 | USD | 0.33 |
| P-4%-mdist | 10.12.2020 | 15.12.2020 | USD | 0.33 |
| P-4%-mdist | 11.1.2021 | 14.1.2021 | USD | 0.34 |
| P-4%-mdist | 10.2.2021 | 16.2.2021 | USD | 0.33 |
| P-4%-mdist | 10.3.2021 | 15.3.2021 | USD | 0.33 |
| P-4%-mdist | 12.4.2021 | 15.4.2021 | USD | 0.33 |
| P-4%-mdist | 10.5.2021 | 13.5.2021 | USD | 0.33 |
| Q-4%-mdist | 10.6.2020 | 15.6.2020 | USD | 0.32 |
| Q-4%-mdist | 10.7.2020 | 15.7.2020 | USD | 0.32 |
| Q-4%-mdist | 10.8.2020 | 13.8.2020 | USD | 0.33 |
| Q-4%-mdist | 10.9.2020 | 15.9.2020 | USD | 0.33 |
| Q-4%-mdist | 12.10.2020 | 15.10.2020 | USD | 0.33 |
| Q-4%-mdist | 10.11.2020 | 13.11.2020 | USD | 0.33 |
| Q-4%-mdist | 10.12.2020 | 15.12.2020 | USD | 0.33 |
| Q-4%-mdist | 11.1.2021 | 14.1.2021 | USD | 0.34 |
| Q-4%-mdist | 10.2.2021 | 16.2.2021 | USD | 0.34 |
| Q-4%-mdist | 10.3.2021 | 15.3.2021 | USD | 0.33 |
| Q-4%-mdist | 12.4.2021 | 15.4.2021 | USD | 0.33 |
| Q-4%-mdist | 10.5.2021 | 13.5.2021 | USD | 0.33 |
| 1  See note 5 |  |  |  |  |

UBS (Lux) Bond SICAV – Global Dynamic (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 |  |  |  |
| BRL |  |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 10.00000% 16-01.01.27 | 10 250.00 | 2 074 091.41 | 0.15 |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 10.00000% 20-01.01.31 | 29 150.00 | 5 845 561.34 | 0.42 |
| Total BRL |  | 7 919 652.75 | 0.57 |
| CAD |  |  |  |
| CAD	QUEBEC, PROVINCE OF 2.30000% 19-01.09.29 | 2 500 000.00 | 2 142 786.20 | 0.16 |
| Total CAD |  | 2 142 786.20 | 0.16 |
| EUR |  |  |  |
| EUR	ALTICE FINCO SA-REG-S 4.75000% 17-15.01.28 | 1 000 000.00 | 1 198 233.68 | 0.09 |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 8.00000% 19-15.05.27 | 1 925 000.00 | 2 532 409.05 | 0.18 |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 4.00000% 20-15.02.28 | 2 020 000.00 | 2 386 448.23 | 0.17 |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 2 240 000.00 | 2 915 077.74 | 0.21 |
| EUR	ARD FINANCE SA-REG-S (PIK) 5.00000% 19-30.06.27 | 3 000 000.00 | 3 746 040.65 | 0.27 |
| EUR	BACARDI LTD-REG-S 2.75000% 13-03.07.23 | 200 000.00 | 256 712.48 | 0.02 |
| EUR	BP CAPITAL MARKETS BV-REG-S 0.93300% 20-04.12.40 | 790 000.00 | 884 679.24 | 0.06 |
| EUR	CASINO GUICHARD PERRACHON SA-REG-S 6.62500% 20-15.01.26 | 2 700 000.00 | 3 495 097.86 | 0.25 |
| EUR	CHINA, PEOPLE’S REPUBLIC OF-REG-S 1.00000% 19-12.11.39 | 1 610 000.00 | 1 929 466.25 | 0.14 |
| EUR	DKT FINANCE APS-REG-S 7.00000% 18-17.06.23 | 3 700 000.00 | 4 605 233.49 | 0.33 |
| EUR	EG GLOBAL FINANCE PLC-REG-S 6.25000% 19-30.10.25 | 500 000.00 | 621 271.26 | 0.04 |
| EUR	FISERV INC 1.62500% 19-01.07.30 | 495 000.00 | 646 036.92 | 0.05 |
| EUR	FORD MOTOR CREDIT CO LLC 1.51400% 19-17.02.23 | 235 000.00 | 289 765.00 | 0.02 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 3.37500% 20-27.03.25 | 710 000.00 | 972 980.47 | 0.07 |
| EUR	INTERNATIONAL GAME TECHNOLOGY PLC-REG-S 2.37500% 19-15.04.28 | 520 000.00 | 623 840.64 | 0.05 |
| EUR	JAGUAR LAND ROVER AUTOMOTIVE PLC-REG-S 4.50000% 18-15.01.26 | 1 700 000.00 | 2 170 034.05 | 0.16 |
| EUR	LOXAM SAS-REG-S 3.75000% 19-15.07.26 | 700 000.00 | 871 003.63 | 0.06 |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.12500% 20-11.02.28 | 1 300 000.00 | 1 598 034.36 | 0.12 |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.37500% 20-11.02.31 | 1 100 000.00 | 1 353 872.14 | 0.10 |
| EUR	NATIONAL GRID ELECTRICITY TRANS-REG-S 0.19000% 20-20.01.25 | 535 000.00 | 657 643.44 | 0.05 |
| EUR	SOFTBANK GROUP CORP-REG-S 5.00000% 18-15.04.28 | 1 200 000.00 | 1 666 157.77 | 0.12 |
| EUR	STELLANTIS NV-REG-S 4.50000% 20-07.07.28 | 2 050 000.00 | 3 101 740.30 | 0.22 |
| EUR	TELE COLUMBUS AG-REG-S 3.87500% 18-02.05.25 | 2 870 000.00 | 3 581 452.43 | 0.26 |
| EUR	TEVA PHARMACEUTICAL FINANCE II BV 4.50000% 18-01.03.25 | 1 500 000.00 | 1 916 847.75 | 0.14 |
| EUR	TRITAX EUROBOX PLC-REG-S 0.95000% 21-02.06.26 | 760 000.00 | 923 794.15 | 0.07 |
| EUR	UKRAINE, GOVERNMENT OF-REG-S 4.37500% 20-27.01.30 | 2 600 000.00 | 2 973 851.60 | 0.21 |
| EUR	UNILABS SUBHOLDING AB-REG-S 5.75000% 17-15.05.25 | 1 750 000.00 | 2 171 732.06 | 0.16 |
| EUR	VANTAGE TOWERS AG-REG-S 0.37500% 21-31.03.27 | 1 400 000.00 | 1 699 728.03 | 0.12 |
| EUR	VERISURE MIDHOLDING AB-REG-S 5.25000% 21-15.02.29 | 715 000.00 | 900 420.59 | 0.06 |
| Total EUR |  | 52 689 605.26 | 3.80 |
| GBP |  |  |  |
| GBP	CPUK FINANCE LTD-REG-S 4.50000% 21-28.08.27 | 530 000.00 | 757 488.04 | 0.05 |
| GBP	VIRGIN MEDIA SECURED FINANCE PLC-REG-S 5.25000% 19-15.05.29 | 1 000 000.00 | 1 504 444.53 | 0.11 |
| Total GBP |  | 2 261 932.57 | 0.16 |
| USD |  |  |  |
| USD	3M CO 2.65000% 20-15.04.25 | 355 000.00 | 379 676.21 | 0.03 |
| USD	ABBOTT LABORATORIES 4.90000% 16-30.11.46 | 120 000.00 | 157 929.62 | 0.01 |
| USD	ABBVIE INC 4.25000% 18-14.11.28 | 300 000.00 | 345 510.55 | 0.02 |
| USD	ABBVIE INC 4.87500% 18-14.11.48 | 180 000.00 | 224 346.63 | 0.02 |
| USD	ADOBE INC 2.15000% 20-01.02.27 | 380 000.00 | 399 146.88 | 0.03 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.50000% 20-15.09.23 | 240 000.00 | 257 833.70 | 0.02 |
| USD	AERCAP IRELAND CAP/ GLBL AVIATION TRUST 6.50000% 20-15.07.25 | 310 000.00 | 363 162.68 | 0.03 |
| USD	AIR PRODUCTS & CHEMICALS INC 2.05000% 20-15.05.30 | 345 000.00 | 345 699.80 | 0.02 |
| USD	ALIBABA GROUP HOLDING LTD 3.40000% 17-06.12.27 | 400 000.00 | 436 388.00 | 0.03 |
| USD	ALTRIA GROUP INC 4.40000% 19-14.02.26 | 55 000.00 | 62 447.04 | 0.00 |
| USD	ALTRIA GROUP INC 4.80000% 19-14.02.29 | 56 000.00 | 64 121.08 | 0.00 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 750 000.00 | 788 278.73 | 0.06 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.15000% 19-23.01.25 | 80 000.00 | 89 355.02 | 0.01 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.75000% 19-23.01.29 | 125 000.00 | 147 379.39 | 0.01 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.50000% 20-01.06.50 | 730 000.00 | 837 522.70 | 0.06 |
| USD	ANTHEM INC 3.65000% 17-01.12.27 | 150 000.00 | 167 169.11 | 0.01 |
| USD	APPLE INC 1.80000% 19-11.09.24 | 165 000.00 | 172 101.02 | 0.01 |
| USD	APT PIPELINES LTD-REG-S 4.20000% 15-23.03.25 | 1 000 000.00 | 1 099 412.20 | 0.08 |
| USD	ARGENTINA, REPUBLIC OF STEP-UP 20-09.07.35 | 970 000.00 | 319 069.38 | 0.02 |
| USD	ARGENTINA, REPUBLIC OF STEP-UP 20-09.01.38 | 210 305.00 | 82 912.75 | 0.01 |
| USD	ARGENTINA, REPUBLIC OF 1.00000% 20-09.07.29 | 55 703.00 | 21 612.77 | 0.00 |
| USD	AT&T INC 4.35000% 19-01.03.29 | 800 000.00 | 915 036.98 | 0.07 |
| USD	AT&T INC 4.75000% 15-15.05.46 | 200 000.00 | 233 656.11 | 0.02 |
| USD	BOEING CO/THE 2.19600% 21-04.02.26 | 1 230 000.00 | 1 235 259.06 | 0.09 |
| USD	BRISTOL MYERS SQUIBB CO 4.25000% 20-26.10.49 | 1 040 000.00 | 1 245 321.83 | 0.09 |
| USD	BRISTOL-MYERS SQUIBB CO 2.60000% 20-16.05.22 | 235 000.00 | 240 480.95 | 0.02 |
| USD	CANADIAN NATURAL RESOURCES LTD 3.85000% 17-01.06.27 | 400 000.00 | 442 060.32 | 0.03 |
| USD	CHEVRON USA INC 3.85000% 21-15.01.28 | 250 000.00 | 285 058.92 | 0.02 |
| USD	CHILE, REPUBLIC OF 3.12500% 14-27.03.25 | 4 000 000.00 | 4 292 000.00 | 0.31 |
| USD	CHILE, REPUBLIC OF 3.86000% 17-21.06.47 | 600 000.00 | 641 175.00 | 0.05 |
| USD	CIGNA CORP 2.40000% 20-15.03.30 | 715 000.00 | 721 317.41 | 0.05 |
| USD	CIGNA CORP 4.37500% 19-15.10.28 | 170 000.00 | 196 147.36 | 0.01 |
| USD	CIGNA CORP 4.90000% 19-15.12.48 | 50 000.00 | 62 289.79 | 0.00 |
| USD	CITIGROUP INC 4.65000% 18-23.07.48 | 100 000.00 | 125 126.51 | 0.01 |
| USD	CNOOC PETROLEUM NORTH AMERICA ULC 6.40000% 07-15.05.37 | 575 000.00 | 753 717.19 | 0.05 |
| USD	CNPC GENERAL CAPITAL LTD-REG-S 3.40000% 13-16.04.23 | 700 000.00 | 733 381.25 | 0.05 |
| USD	COCA-COLA FEMSA SA 2.75000% 20-22.01.30 | 565 000.00 | 579 584.07 | 0.04 |
| USD	COLOMBIA, REPUBLIC OF 5.20000% 19-15.05.49 | 1 000 000.00 | 1 060 500.00 | 0.08 |
| USD	COMCAST CORP 3.95000% 18-15.10.25 | 95 000.00 | 106 648.93 | 0.01 |
| USD	COMCAST CORP 4.15000% 18-15.10.28 | 700 000.00 | 806 922.02 | 0.06 |

UBS (Lux) Bond SICAV – Global Dynamic (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 | COMCAST CORP 4.70000% 18-15.10.48 | 100 000.00 | 123 862.26 | 0.01 |
| USD | CONAGRA BRANDS INC 5.40000% 18-01.11.48 | 185 000.00 | 238 471.95 | 0.02 |
| USD | COSTA RICA, REPUBLIC OF-REG-S 4.25000% 12-26.01.23 | 2 000 000.00 | 2 032 875.01 | 0.15 |
| USD | COSTA RICA, REPUBLIC OF-REG-S 7.15800% 15-12.03.45 | 1 000 000.00 | 1 052 062.50 | 0.08 |
| USD | CREDIT SUISSE GROUP AG-144A 4.28200% 17-09.01.28 | 250 000.00 | 278 009.03 | 0.02 |
| USD | CVS HEALTH CORP 2.62500% 19-15.08.24 | 560 000.00 | 594 574.17 | 0.04 |
| USD | CVS HEALTH CORP 4.30000% 18-25.03.28 | 175 000.00 | 200 528.49 | 0.01 |
| USD | DIAMONDBACK ENERGY INC 3.25000% 19-01.12.26 | 255 000.00 | 274 466.77 | 0.02 |
| USD | DISCOVERY COMMUNICATIONS LLC 5.30000% 19-15.05.49 | 500 000.00 | 594 885.12 | 0.04 |
| USD | ECUADOR GOVT INTERNATIONAL BD-REG-S STEP-UP/DOWN 20-31.07.35 | 802 386.00 | 560 667.22 | 0.04 |
| USD | ECUADOR, REPUBLIC OF-REG-S STEP-UP 0.50000% 20-31.07.30 | 306 180.00 | 264 845.70 | 0.02 |
| USD | ECUADOR, REPUBLIC OF-REG-S STEP-UP 20-31.07.40 | 367 740.00 | 232 710.47 | 0.02 |
| USD | ENABLE MIDSTREAM PARTNERS LP 3.90000% 15-15.05.24 | 400 000.00 | 428 004.08 | 0.03 |
| USD | ENERGY TRANSFER LP 4.50000% 19-15.04.24 | 340 000.00 | 372 562.06 | 0.03 |
| USD | ENERGY TRANSFER LP 6.00000% 18-15.06.48 | 700 000.00 | 847 078.32 | 0.06 |
| USD | EQT CORP 3.90000% 17-01.10.27 | 2 340 000.00 | 2 498 886.00 | 0.18 |
| USD | FIRSTENERGY CORP 2.25000% 20-01.09.30 | 585 000.00 | 548 437.50 | 0.04 |
| USD | FISERV INC 3.20000% 19-01.07.26 | 620 000.00 | 673 996.52 | 0.05 |
| USD | FOMENTO ECONOMICO MEXIC SAB DE CV 3.50000% 20-16.01.50 | 760 000.00 | 766 289.00 | 0.05 |
| USD | FORD MOTOR CO 8.50000% 20-21.04.23 | 235 000.00 | 262 318.75 | 0.02 |
| USD | FORD MOTOR CO 9.00000% 20-22.04.25 | 3 865 000.00 | 4 722 141.05 | 0.34 |
| USD | GE CAPITAL INTL FUNDING CO 4.41800% 16-15.11.35 | 400 000.00 | 465 017.43 | 0.03 |
| USD | GENERAL MOTORS CO 6.12500% 20-01.10.25 | 705 000.00 | 838 086.21 | 0.06 |
| USD | GENERAL MOTORS FINANCIAL CO 4.35000% 18-09.04.25 | 300 000.00 | 333 791.00 | 0.02 |
| USD | GEORGIA POWER CO 2.10000% 20-30.07.23 | 480 000.00 | 497 380.80 | 0.04 |
| USD | GHANA GOVT INTNL BOND-REG-S 6.37500% 20-11.02.27 | 3 700 000.00 | 3 723 818.75 | 0.27 |
| USD | GILEAD SCIENCES INC 4.75000% 15-01.03.46 | 700 000.00 | 850 813.22 | 0.06 |
| USD | GOLDMAN SACHS GROUP INC 3.50000% 20-01.04.25 | 1 100 000.00 | 1 199 293.18 | 0.09 |
| USD | GUATEMALA, REPUBLIC OF-REG-S 5.75000% 12-06.06.22 | 500 000.00 | 522 281.25 | 0.04 |
| USD | GUATEMALA, REPUBLIC OF-REG-S 4.37500% 17-05.06.27 | 2 500 000.00 | 2 712 968.75 | 0.20 |
| USD | HARTFORD FINANCIAL SERVICES GROUP INC 4.40000% 18-15.03.48 | 155 000.00 | 182 511.27 | 0.01 |
| USD | HSBC HOLDINGS PLC 4.95000% 20-31.03.30 | 310 000.00 | 367 352.23 | 0.03 |
| USD | INDONESIA, REPUBLIC OF-REG-S 5.25000% 12-17.01.42 | 2 000 000.00 | 2 434 750.00 | 0.18 |
| USD | INTERNATIONAL BUSINESS MACHINES CORP 2.85000% 19-13.05.22 | 1 310 000.00 | 1 343 295.03 | 0.10 |
| USD | INTERNATIONAL BUSINESS MACHINES CORP 3.30000% 19-15.05.26 | 750 000.00 | 825 447.51 | 0.06 |
| USD | JPMORGAN CHASE & CO 3.20000% 13-25.01.23 | 500 000.00 | 524 502.65 | 0.04 |
| USD | KENYA, REPUBLIC OF-REG-S 8.25000% 18-28.02.48 | 1 550 000.00 | 1 712 556.25 | 0.12 |
| USD | MEITUAN DIANPING-REG-S 3.05000% 20-28.10.30 | 3 600 000.00 | 3 478 608.00 | 0.25 |
| USD | MEXICHEM SAB DE CV-REG-S 4.00000% 17-04.10.27 | 200 000.00 | 218 725.00 | 0.02 |
| USD | MEXICHEM SAB DE CV-REG-S 5.50000% 17-15.01.48 | 200 000.00 | 228 225.00 | 0.02 |
| USD | MICROSOFT CORP 2.92100% 21-17.03.52 | 200 000.00 | 200 177.28 | 0.01 |
| USD | MPLX LP 5.20000% 17-01.03.47 | 250 000.00 | 294 336.20 | 0.02 |
| USD | NATWEST GROUP PLC 3.87500% 16-12.09.23 | 200 000.00 | 214 724.00 | 0.02 |
| USD | NEPTUNE ENERGY BONDCO PLC-REG-S 6.62500% 18-15.05.25 | 3 250 000.00 | 3 326 440.00 | 0.24 |
| USD | NIGERIA, FEDERAL REPUBLIC OF-REG-S 9.24800% 18-21.01.49 | 1 500 000.00 | 1 723 875.00 | 0.12 |
| USD | NIKE INC 2.40000% 20-27.03.25 | 165 000.00 | 174 963.55 | 0.01 |
| USD | NOMURA HOLDINGS INC 2.67900% 20-16.07.30 | 255 000.00 | 254 614.49 | 0.02 |
| USD | OCP SA-REG-S 5.62500% 14-25.04.24 | 500 000.00 | 545 093.75 | 0.04 |
| USD | OMAN GOVT INTERNATIONAL BOND-REG-S 6.75000% 18-17.01.48 | 2 040 000.00 | 1 987 470.00 | 0.14 |
| USD | PAYPAL HOLDINGS INC 2.65000% 19-01.10.26 | 295 000.00 | 315 544.17 | 0.02 |
| USD | PEGASUS HAVA TASIMACILIGI AS-REG-S 9.25000% 21-30.04.26 | 1 315 000.00 | 1 351 162.50 | 0.10 |
| USD | PERTAMINA PT-REG-S 4.875000% 12-03.05.22 | 700 000.00 | 726 162.50 | 0.05 |
| USD | PETROBRAS GLOBAL FINANCE BV1 5.09300% 20-15.01.30 | 2 661 000.00 | 2 849 931.00 | 0.21 |
| USD | PETROLEOS MEXICANOS 6.37500% 14-23.01.45 | 2 700 000.00 | 2 315 756.24 | 0.17 |
| USD | PETROLEOS MEXICANOS 6.84000% 20-23.01.30 | 530 000.00 | 547 961.70 | 0.04 |
| USD | PHILIP MORRIS INTERNATIONAL INC 1.50000% 20-01.05.25 | 490 000.00 | 501 045.14 | 0.04 |
| USD | PHILIPPINES, REPUBLIC OF THE 2.45700% 20-05.05.30 | 2 435 000.00 | 2 523 536.60 | 0.18 |
| USD | PHILLIPS 66 PARTNERS LP 4.68000% 15-15.02.45 | 500 000.00 | 551 410.66 | 0.04 |
| USD | PLAINS ALL AMERICAN PIPELINE LP 3.80000% 20-15.09.30 | 495 000.00 | 520 825.76 | 0.04 |
| USD | REYNOLDS AMERICAN INC 5.70000% 15-15.08.35 | 400 000.00 | 472 464.92 | 0.03 |
| USD | ROPER TECHNOLOGIES INC 2.00000% 20-30.06.30 | 930 000.00 | 899 476.23 | 0.06 |
| USD | ROPER TECHNOLOGIES INC 1.00000% 20-15.09.25 | 680 000.00 | 678 265.32 | 0.05 |
| USD | SANDS CHINA LTD 4.37500% 21-18.06.30 | 415 000.00 | 447 050.45 | 0.03 |
| USD | SANTOS FINANCE LTD-REG-S 3.64900% 21-29.04.31 | 1 540 000.00 | 1 547 007.46 | 0.11 |
| USD | SAUDI ARABIAN OIL CO-REG-S 1.62500% 20-24.11.25 | 420 000.00 | 425 250.00 | 0.03 |
| USD | SHIMAO PROPERTY HOLDINGS LTD-REG-S 4.60000% 20-13.07.30 | 200 000.00 | 208 250.00 | 0.01 |
| USD | SHIMAO PROPERTY HOLDINGS LTD-REG-S 3.45000% 21-11.01.31 | 725 000.00 | 686 031.25 | 0.05 |
| USD | SINOPEC CAPITAL 2013 LTD-REG-S 3.12500% 13-24.04.23 | 700 000.00 | 728 568.75 | 0.05 |
| USD | SOUTH AFRICA, REPUBLIC OF 4.87500% 16-14.04.26 | 500 000.00 | 542 125.00 | 0.04 |
| USD | SOUTHWEST AIRLINES CO 4.75000% 20-04.05.23 | 345 000.00 | 371 989.02 | 0.03 |
| USD | SOUTHWEST AIRLINES CO 5.12500% 20-15.06.27 | 490 000.00 | 573 266.50 | 0.04 |
| USD | SPRINT CORP 7.87500% 14-15.09.23 | 1 000 000.00 | 1 133 110.00 | 0.08 |
| USD | SRI LANKA, DEMOCRATIC REP OF-REG-S 6.20000% 17-11.05.27 | 1 500 000.00 | 1 002 000.00 | 0.07 |
| USD | SUMITOMO MITSUI FIN GP INC-SUB 3.20200% 19-17.09.29 | 320 000.00 | 335 518.72 | 0.02 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 7.00000% 20-09.07.25 | 875 000.00 | 905 625.00 | 0.06 |
| USD | SUNCOR ENERGY INC 3.10000% 20-15.05.25 | 330 000.00 | 355 037.24 | 0.03 |
| USD | SUNCORP-METWAY LTD-REG-S 2.80000% 17-04.05.22 | 150 000.00 | 153 500.69 | 0.01 |
| USD | TRUIST FINANCIAL CORP 2.70000% 16-27.01.22 | 350 000.00 | 355 055.01 | 0.03 |
| USD | TURKEY, REPUBLIC OF 6.87500% 06-17.03.36 | 2 680 000.00 | 2 658 727.51 | 0.19 |
| USD | UKRAINE, GOVERNMENT OF-REG-S 7.37500% 17-25.09.32 | 1 650 000.00 | 1 750 856.25 | 0.13 |
| USD | UKRAINE, GOVERNMENT OF-REG-S 7.25300% 20-15.03.33 | 2 000 000.00 | 2 100 375.01 | 0.15 |
| USD | UNITED RENTALS NORTH AMERICA INC 3.87500% 19-15.11.27 | 1 000 000.00 | 1 051 210.00 | 0.08 |
| USD | UNITED TECHNOLOGIES CORP 3.95000% 18-16.08.25 | 500 000.00 | 558 186.43 | 0.04 |
| USD | URUGUAY, REPUBLIC OF 4.12500% 12-20.11.45 | 2 300 000.00 | 2 637 525.00 | 0.19 |
| USD | VALE OVERSEAS LTD 3.75000% 20-08.07.30 | 405 000.00 | 428 110.31 | 0.03 |
| USD | VEB FINANCE PLC-REG-S LPN 5.94200% 13-21.11.23 | 500 000.00 | 546 500.00 | 0.04 |
| USD | VERIZON COMMUNICATIONS INC 3.37600% 18-15.02.25 | 700 000.00 | 762 946.20 | 0.05 |
| USD | VISTRA OPERATIONS CO LLC-144A 4.37500% 21-01.05.29 | 415 000.00 | 417 421.53 | 0.03 |
| USD | WALT DISNEY CO 1.75000% 19-30.08.24 | 990 000.00 | 1 025 279.89 | 0.07 |
| USD | WESTPAC BANKING CORP-SUB 4.42100% 19-24.07.39 | 325 000.00 | 374 768.74 | 0.03 |
| USD | YPF SA-REG-S 6.95000% 17-21.07.27 | 400 000.00 | 260 825.00 | 0.02 |
| USD | YPF SA-REG-S 7.00000% 17-15.12.47 | 230 000.00 | 136 821.25 | 0.01 |
| Total USD |  |  | 108 918 029.68 | 7.85 |

Total Notes, fixed rate	173 932 006.46	12.54
UBS (Lux) Bond SICAV – Global Dynamic (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) |  |
| Notes, zero coupon |  |  |  |
| USD |  |  |  |
| USD	ECUADOR, REPUBLIC OF-REG-S 0.00000% 20-31.07.30 | 105 089.00 | 59 145.40 | 0.00 |
| Total USD |  | 59 145.40 | 0.00 |
| Total Notes, zero coupon |  | 59 145.40 | 0.00 |
| Notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	ABANCA CORP BANCARIA SA-REG-S-SUB VAR 21-PRP | 400 000.00 | 514 124.32 | 0.04 |
| EUR	ENI SPA-REG-S-SUB 3.375%/VAR 20-PRP | 375 000.00 | 480 446.43 | 0.03 |
| EUR	ING GROUP NV-SUB VAR 03-PRP | 300 000.00 | 357 572.31 | 0.03 |
| EUR	ITALY, REPUBLIC OF-144A-REG-S 2.350%/CPI LINKED 14-15.09.24 | 3 500 000.00 | 5 135 125.21 | 0.37 |
| EUR	RAKUTEN GROUP INC-REG-S-SUB 4.250%VAR 21-PRP | 2 210 000.00 | 2 761 471.48 | 0.20 |
| EUR	WINTERSHALL DEA FINANCE 2BV-REG-S-SUB 3.000%/VAR 21-PRP | 3 400 000.00 | 4 054 581.27 | 0.29 |
| Total EUR |  | 13 303 321.02 | 0.96 |
| GBP |  |  |  |
| GBP	NATWEST GROUP PLC-REG-S-SUB 3.622%/VAR 20-14.08.30 | 1 175 000.00 | 1 780 773.75 | 0.13 |
| Total GBP |  | 1 780 773.75 | 0.13 |
| USD |  |  |  |
| USD	ALLIANZ SE-REG-S-SUB 3.500%/VAR 20-PRP | 800 000.00 | 820 496.00 | 0.06 |
| USD	CORP FINANCIERA DE DESARROL-REG-S-SUB 5.250%/VAR 14-15.07.29 | 500 000.00 | 507 343.75 | 0.04 |
| USD	CREDIT SUISSE GROUP AG-REG-S-SUB 6.250%/VAR 14-PRP | 480 000.00 | 522 000.00 | 0.04 |
| USD	DEUTSCHE BANK AG/NEW YORK NY 2.222%/VAR 20-18.09.24 | 355 000.00 | 365 129.39 | 0.03 |
| USD	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.625%/VAR 14-PRP | 450 000.00 | 481 531.50 | 0.03 |
| USD	JPMORGAN CHASE & CO 2.739%/VAR 19-15.10.30 | 540 000.00 | 559 130.28 | 0.04 |
| USD	JPMORGAN CHASE & CO-SUB 2.956%/VAR 20-13.05.31 | 985 000.00 | 1 022 103.33 | 0.07 |
| USD	LLOYDS BANKING GROUP PLC 3.574%/3M LIBOR+120.5BP 17-07.11.28 | 200 000.00 | 218 237.33 | 0.01 |
| USD	SOCIETE GENERAL SA-REG-S-SUB 7.375%/VAR 18-PRP | 2 000 000.00 | 2 179 540.00 | 0.16 |
| USD	STANDARD CHARTERED PLC-REG-S 3.885%/VAR 18-15.03.24 | 400 000.00 | 421 595.32 | 0.03 |
| USD	WESTPAC BANKING CORP-SUB 4.110%/VAR 19-24.07.34 | 450 000.00 | 488 821.63 | 0.03 |
| Total USD |  | 7 585 928.53 | 0.54 |
| Total Notes, floating rate |  | 22 670 023.30 | 1.63 |
| Medium term notes, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	A.P. MOELLER-MAERSK-REG-S 1.75000% 18-16.03.26 | 100 000.00 | 131 161.49 | 0.01 |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 2.37500% 19-27.09.27 | 1 400 000.00 | 1 881 751.27 | 0.13 |
| EUR	AEROPORTI DI ROMA SPA-REG-S 1.75000% 21-30.07.31 | 1 090 000.00 | 1 324 805.70 | 0.09 |
| EUR	AROUNDTOWN SA-REG-S 2.00000% 18-02.11.26 | 100 000.00 | 131 388.90 | 0.01 |
| EUR	BANCO DE SABADELL SA-REG-S-SUB 2.50000% 21-15.04.31 | 2 000 000.00 | 2 450 826.38 | 0.18 |
| EUR	BANK OF IRELAND GROUP PLC-REG-S 1.37500% 18-29.08.23 | 300 000.00 | 378 185.45 | 0.03 |
| EUR	BPCE SA-REG-S 1.37500% 18-23.03.26 | 100 000.00 | 128 419.74 | 0.01 |
| EUR	CAIXABANK SA-REG-S 0.37500% 20-03.02.25 | 700 000.00 | 863 155.44 | 0.06 |
| EUR	CANAL DE ISABEL II GESTION SA-REG-S 1.68000% 15-26.02.25 | 200 000.00 | 258 323.45 | 0.02 |
| EUR	CELLNEX FINANCE CO SA-REG-S 1.50000% 21-08.06.28 | 2 500 000.00 | 3 038 957.71 | 0.22 |
| EUR	CNH INDUSTRIAL FINANCE EUROPE SA-REG-S 1.87500% 18-19.01.26 | 235 000.00 | 307 464.08 | 0.02 |
| EUR	COMMERZBANK AG-REG-S 0.62500% 19-28.08.24 | 255 000.00 | 318 190.23 | 0.02 |
| EUR	CPI PROPERTY GROUP SA-REG-S 2.75000% 20-12.05.26 | 930 000.00 | 1 236 614.50 | 0.09 |
| EUR	CREDIT AGRICOLE SA LONDON-REG-S 1.37500% 18-13.03.25 | 200 000.00 | 255 772.66 | 0.02 |
| EUR	DAIMLER AG-REG-S 2.00000% 20-22.08.26 | 690 000.00 | 925 587.01 | 0.07 |
| EUR	DANSKE BANK AS-REG-S 1.37500% 19-24.05.22 | 255 000.00 | 316 753.70 | 0.02 |
| EUR	DANSKE BANK AS-REG-S-SUB 1.50000% 20-02.09.30 | 285 000.00 | 355 871.07 | 0.03 |
| EUR	DEUTSCHE BANK AG-REG-S 1.12500% 18-30.08.23 | 340 000.00 | 427 129.45 | 0.03 |
| EUR	DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 1 200 000.00 | 1 477 332.88 | 0.11 |
| EUR	EDP FINANCE BV-REG-S 2.00000% 15-22.04.25 | 400 000.00 | 526 443.75 | 0.04 |
| EUR	EDP FINANCE BV-REG-S 1.50000% 17-22.11.27 | 460 000.00 | 603 267.94 | 0.04 |
| EUR	ELECTRICITE DE FRANCE-REG-S 2.00000% 19-09.12.49 | 300 000.00 | 385 112.74 | 0.03 |
| EUR	ELENIA VERKKO OYJ-REG-S 0.37500% 20-06.02.27 | 445 000.00 | 544 786.55 | 0.04 |
| EUR	ELIA TRANSMISSION BELGIUM SA-REG-S 0.87500% 20-28.04.30 | 300 000.00 | 376 018.43 | 0.03 |
| EUR	FORD MOTOR CREDIT CO LLC 3.02100% 19-06.03.24 | 110 000.00 | 139 900.48 | 0.01 |
| EUR	GLOBALWORTH REAL ESTATE INVEST-REG-S 3.00000% 18-29.03.25 | 200 000.00 | 263 526.93 | 0.02 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 2.00000% 18-01.11.28 | 270 000.00 | 362 616.03 | 0.03 |
| EUR	HEIDELBERGCEMENT FIN LUX SA-REG-S 1.12500% 19-01.12.27 | 140 000.00 | 178 998.16 | 0.01 |
| EUR	HEINEKEN NV-REG-S 2.25000% 20-30.03.30 | 280 000.00 | 392 902.50 | 0.03 |
| EUR	KBC GROUP NV-REG-S 1.12500% 19-25.01.24 | 200 000.00 | 252 546.68 | 0.02 |
| EUR	KION GROUP AG-REG-S 1.62500% 20-24.09.25 | 400 000.00 | 509 248.39 | 0.04 |
| EUR	NASSA TOPCO AS-REG-S 2.87500% 17-06.04.24 | 1 400 000.00 | 1 759 209.96 | 0.13 |
| EUR	NEW YORK LIFE GLOBAL FUNDING-REG-S 0.25000% 20-23.01.27 | 1 265 000.00 | 1 551 153.01 | 0.11 |
| EUR	ORANO SA-REG-S 3.37500% 19-23.04.26 | 1 000 000.00 | 1 323 716.69 | 0.09 |
| EUR	PPF ARENA 1 BV-REG-S 2.12500% 19-31.01.25 | 2 400 000.00 | 3 007 719.00 | 0.22 |
| EUR	REDEXIS GAS FINANCE BV-REG-S 1.87500% 15-27.04.27 | 400 000.00 | 525 543.88 | 0.04 |
| EUR	REN FINANCE B V-REG-S 2.50000% 15-12.02.25 | 600 000.00 | 801 498.43 | 0.06 |
| EUR	ROMANIA-REG-S 4.62500% 19-03.04.49 | 4 000 000.00 | 6 137 703.00 | 0.44 |
| EUR	RYANAIR DAC-REG-S 0.87500% 21-25.05.26 | 685 000.00 | 839 223.78 | 0.06 |
| EUR	TRATON FINANCE LUXEMBOURG SA-REG-S 1.25000% 21-24.03.33 | 1 300 000.00 | 1 584 371.49 | 0.11 |
| EUR	VODAFONE GROUP PLC-REG-S 2.50000% 19-24.05.39 | 230 000.00 | 322 358.33 | 0.02 |
| EUR	VOLKSWAGEN FINANCIAL SERVICES AG-REG-S 1.50000% 19-01.10.24 | 230 000.00 | 294 212.63 | 0.02 |
| EUR	ZF FINANCE GMBH-REG-S 3.75000% 20-21.09.28 | 1 800 000.00 | 2 388 856.61 | 0.17 |
| Total EUR |  | 41 278 626.50 | 2.98 |
| GBP |  |  |  |
| GBP	CHINA DEVELOPMENT BANK-REG-S 1.25000% 20-21.01.23 | 880 000.00 | 1 260 914.85 | 0.09 |
| GBP	CPI PROPERTY GROUP SA-REG-S 2.75000% 20-22.01.28 | 160 000.00 | 231 533.92 | 0.02 |
| GBP	LLOYDS BANKING GROUP PLC 2.25000% 17-16.10.24 | 100 000.00 | 147 744.17 | 0.01 |
| Total GBP |  | 1 640 192.94 | 0.12 |

UBS (Lux) Bond SICAV – Global Dynamic (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 | BANK OF AMERICA CORP 3.87500% 15-01.08.25 | 1 000 000.00 | 1 119 404.08 | 0.08 |
| USD | EGYPT, REPUBLIC OF-REG-S 8.70020% 19-01.03.49 | 2 000 000.00 | 2 150 375.00 | 0.15 |
| USD | EXPORT IMPORT BANK OF THAILAND-REG-S 1.45700% 20-15.10.25 | 3 035 000.00 | 3 039 886.96 | 0.22 |
| USD | INDIAN OIL CORP LTD-REG-S 5.75000% 13-01.08.23 | 500 000.00 | 545 093.75 | 0.04 |
| USD | INDIAN RAILWAY FINANCE CORP LTD-REG-S 2.80000% 21-10.02.31 | 2 725 000.00 | 2 612 686.67 | 0.19 |
| USD | KAZAKHSTAN, REPUBLIC OF-REG-S 5.12500% 15-21.07.25 | 2 000 000.00 | 2 325 375.00 | 0.17 |
| USD | MEXICO, UNITED STATES OF 4.75000% 12-08.03.44 | 1 800 000.00 | 1 963 462.50 | 0.14 |
| USD | MIRVAC GROUP FINANCE LTD-REG-S 3.62500% 17-18.03.27 | 200 000.00 | 218 282.00 | 0.01 |
| USD | MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 2 190 000.00 | 2 501 801.24 | 0.18 |
| USD | MORGAN STANLEY-SUB 4.35000% 14-08.09.26 | 1 000 000.00 | 1 139 554.93 | 0.08 |
| USD | PERTAMINA PERSERO PT-REG-S 4.70000% 19-30.07.49 | 390 000.00 | 411 157.50 | 0.03 |
| USD | PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 5.37500% 17-06.07.27 | 600 000.00 | 675 240.00 | 0.05 |
| USD | QTEL INTERNATIONAL FINANCE LTD-REG-S 2.62500% 21-08.04.31 | 795 000.00 | 800 207.25 | 0.06 |
| USD | REC LTD-REG-S 2.25000% 21-01.09.26 | 2 960 000.00 | 2 891 236.54 | 0.21 |
| USD | ROMANIA-REG-S 6.12500% 14-22.01.44 | 700 000.00 | 936 162.50 | 0.07 |
| USD | SAUDI ARABIAN OIL CO-REG-S 3.50000% 19-16.04.29 | 935 000.00 | 1 005 008.13 | 0.07 |
| USD | SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 4.00000% 18-17.04.25 | 4 000 000.00 | 4 422 000.00 | 0.32 |
| Total USD |  |  | 28 756 934.05 | 2.07 |
| Total Medium term notes, fixed rate |  | 71 675 753.49 | 5.17 |
| Medium term notes, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	AUSNET SERVICES HOLDINGS PT-REG-S-SUB 1.625%/VAR 21-11.03.81 | 1 275 000.00 | 1 578 832.41 | 0.11 |
| EUR	AXA SA-REG-S-SUB 3.250%/VAR 18-28.05.49 | 120 000.00 | 167 082.45 | 0.01 |
| EUR	BARCLAYS PLC-REG-S 3.375%/VAR 20-02.04.25 | 540 000.00 | 719 618.78 | 0.05 |
| EUR	CREDIT AGRICOLE SA-REG-S 1.000%/VAR 20-22.04.26 | 500 000.00 | 629 643.97 | 0.05 |
| EUR	CREDIT SUISSE GROUP AG-REG-S 3.250%/VAR 20-02.04.26 | 185 000.00 | 249 422.25 | 0.02 |
| EUR	DEUTSCHE BANK AG-REG-S 1.000%/VAR 20-19.11.25 | 1 300 000.00 | 1 616 004.63 | 0.12 |
| EUR	DEUTSCHE BANK AG-REG-S 1.750%/VAR 20-19.11.30 | 600 000.00 | 762 830.90 | 0.05 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 100 000.00 | 129 144.85 | 0.01 |
| EUR	LLOYDS BANKING GROUP PLC-REG-S 3.500%/VAR 20-01.04.26 | 380 000.00 | 522 621.55 | 0.04 |
| EUR	NATWEST GROUP PLC-REG-S 2.000%/VAR 18-04.03.25 | 600 000.00 | 771 446.18 | 0.06 |
| EUR	NORDEA BANK ABP-REG-S-SUB 1.000%/VAR 19-27.06.29 | 700 000.00 | 870 847.87 | 0.06 |
| EUR	TOTAL SE-REG-S-SUB 2.625%/VAR 15-PRP | 260 000.00 | 333 239.86 | 0.02 |
| EUR	TOTAL SE-REG-S-SUB 2.125%/VAR 21-PRP | 1 620 000.00 | 1 920 777.03 | 0.14 |
| Total EUR |  | 10 271 512.73 | 0.74 |
| GBP |  |  |  |
| GBP	ELECTRICITE DE FRANCE SA-REG-S-SUB 6.000%/VAR 13-PRP | 100 000.00 | 157 249.17 | 0.01 |
| Total GBP |  | 157 249.17 | 0.01 |
| USD |  |  |  |
| USD	DBS GROUP HOLDINGS LTD-REG-S-SUB 3.300%/VAR 20-PRP | 1 350 000.00 | 1 378 687.50 | 0.10 |
| USD	HSBC BANK PLC-SUB 6M LIBOR+25BP 85-PRP | 1 000 000.00 | 933 180.00 | 0.07 |
| USD	MORGAN STANLEY 3.622%/VAR 20-01.04.31 | 500 000.00 | 550 594.22 | 0.04 |
| Total USD |  | 2 862 461.72 | 0.21 |
| Total Medium term notes, floating rate |  | 13 291 223.62 | 0.96 |
| Bonds, fixed rate |  |  |  |
| CNY |  |  |  |
| CNY	CHINA DEVELOPMENT BANK CORP 3.80000% 16-25.01.36 | 120 000 000.00 | 19 092 576.75 | 1.37 |
| Total CNY |  | 19 092 576.75 | 1.37 |
| EUR |  |  |  |
| EUR	ABBOTT IRELAND FINCING DAC-REG-S 0.87500% 18-27.09.23 | 165 000.00 | 206 867.43 | 0.01 |
| EUR	ADLER REAL ESTATE AG-REG-S 3.00000% 18-27.04.26 | 600 000.00 | 761 457.62 | 0.05 |
| EUR	ADO PROPERTIES SA-REG-S 1.50000% 17-26.07.24 | 1 900 000.00 | 2 286 623.75 | 0.16 |
| EUR	ALSTRIA OFFICE REIT-AG-REG-S 1.50000% 20-23.06.26 | 600 000.00 | 770 064.10 | 0.06 |
| EUR	AROUNDTOWN SA-REG-S 0.37500% 19-23.09.22 | 100 000.00 | 122 944.42 | 0.01 |
| EUR	AUTOSTRADE PER L’ITALIA SPA REG-S 2.00000% 21-15.01.30 | 1 980 000.00 | 2 483 450.10 | 0.18 |
| EUR	BPCE SA-REG-S 0.25000% 20-15.01.26 | 800 000.00 | 984 810.34 | 0.07 |
| EUR	FINNAIR OYJ-REG-S 4.25000% 21-19.05.25 | 1 550 000.00 | 1 926 579.73 | 0.14 |
| EUR	GREECE, HELLENIC REPUBLIC OF-144A-REG-S 1.87500% 19-23.07.26 | 3 235 000.00 | 4 310 614.45 | 0.31 |
| EUR	INTRUM JUSTITIA AB-REG-S 2.75000% 17-15.07.22 | 280 000.00 | 34 199.42 | 0.00 |
| EUR	INTRUM JUSTITIA AB-REG-S 3.12500% 17-15.07.24 | 570 000.00 | 700 534.44 | 0.05 |
| EUR	ITALY, REPUBLIC OF-BTP-144A-REG-S 3.250% 14-01.09.46 | 7 500 000.00 | 11 916 435.96 | 0.86 |
| EUR	ITALY, REPUBLIC OF-BTP 1.60000% 16-01.06.26 | 6 000 000.00 | 7 853 177.78 | 0.57 |
| EUR	ITALY, REPUBLIC OF-BTP-REG-S 0.95000% 20-01.08.30 | 5 000 000.00 | 6 197 050.44 | 0.45 |
| EUR	MATTERHORN TELECOM SA-REG-S 3.12500% 19-15.09.26 | 1 220 000.00 | 1 499 091.17 | 0.11 |
| EUR	MPT OPERATING PARTNERSHIP LP/FIN CORP 3.32500% 17-24.03.25 | 800 000.00 | 1 055 094.13 | 0.08 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 1.50000% 15-25.03.35 | 6 000 000.00 | 8 246 901.40 | 0.59 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 3.12500% 15-07.08.45 | 7 000 000.00 | 12 710 473.78 | 0.92 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 0.48750% 20-20.10.50 | 8 433 000.00 | 8 950 416.66 | 0.64 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 2.15000%15-31.10.25 | 14 300 000.00 | 19 372 155.67 | 1.40 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 1.40000% 18-30.07.28 | 6 360 000.00 | 8 496 194.36 | 0.61 |
| EUR	STANDARD PROFIL AUTOMOTIVE GMBH-REG-S 6.25000% 21-30.04.26 | 2 470 000.00 | 2 929 347.14 | 0.21 |
| EUR	SUMMER BIDCO BV-REG-S 9.00000% 19-15.11.25 | 1 250 000.00 | 1 637 326.40 | 0.12 |
| EUR	TAURON POLSKA ENERGIA SA-REG-S 2.37500% 17-05.07.27 | 1 000 000.00 | 1 272 167.33 | 0.09 |
| EUR	UMG GROUPE VYV 1.62500% 19-02.07.29 | 1 100 000.00 | 1 423 070.70 | 0.10 |
| EUR	UNITED GROUP BV-REG-S 3.12500% 20-15.02.26 | 2 160 000.00 | 2 572 127.93 | 0.19 |
| EUR	UTAH ACQUISITION SUB INC-REG-S 3.12500% 16-22.11.28 | 500 000.00 | 706 085.26 | 0.05 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 1.12500% 17-02.10.23 | 200 000.00 | 251 366.57 | 0.02 |
| Total EUR |  | 111 676 628.48 | 8.05 |
| GBP |  |  |  |
| GBP	BELLIS ACQUISITION CO PLC-REG-S 3.25000% 21-16.02.26 | 1 475 000.00 | 2 096 536.38 | 0.15 |
| GBP	BRACKEN MIDCO1 PLC-REG-S (PIK) 8.87500% 18-15.10.23 | 1 051 875.00 | 1 545 842.23 | 0.11 |
| GBP	BUPA FINANCE PLC-REG-S-SUB 5.00000% 13-25.04.23 | 100 000.00 | 152 749.84 | 0.01 |
| GBP	DIGNITY FINANCE PLC-REG-S 4.69560% 14-31.12.49 | 151 000.00 | 201 486.40 | 0.02 |
| GBP	JERROLD FINCO PLC-REG-S 5.25000% 21-15.01.27 | 1 315 000.00 | 1 930 304.24 | 0.14 |
| GBP	MILLER HOMES GROUP HOLDINGS PLC-REG-S 5.50000% 17-15.10.24 | 1 000 000.00 | 1 456 217.87 | 0.10 |

UBS (Lux) Bond SICAV – Global Dynamic (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 | PREMIER FOODS FINANCE PLC-REG-S 3.50000% 21-15.10.26 | 1 410 000.00 | 2 004 315.00 | 0.15 |
| GBP | ROTHESAY LIFE PLC-REG-S-SUB 3.37500% 19-12.07.26 | 845 000.00 | 1 282 236.71 | 0.09 |
| GBP | SCOTTISH WIDOWS PLC-REG-S-SUB 5.50000% 13-16.06.23 | 200 000.00 | 309 239.36 | 0.02 |
| GBP | UNITED KINGDOM OF GREAT BRITAIN-REG-S 1.50000% 16-22.07.47 | 3 000 000.00 | 4 453 364.47 | 0.32 |
| GBP | UNITED KINGDOM OF GREAT BRITAIN-REG-S 0.87500% 19-22.10.29 | 7 500 000.00 | 10 788 327.83 | 0.78 |
| Total GBP |  |  | 26 220 620.33 | 1.89 |
| JPY |  |  |  |  |
| JPY | JAPAN 0.50000% 19-20.03.59 | 360 000 000.00 | 3 071 197.04 | 0.22 |
| Total JPY |  |  | 3 071 197.04 | 0.22 |
| MXN |  |  |  |  |
| MXN | MEXICO, UNITED MEXICAN STATES 7.75000% 11-13.11.42 | 9 871 700.00 | 50 904 238.65 | 3.67 |
| Total MXN |  | 50 904 238.65 | 3.67 |
| NZD |  |  |  |  |
| NZD | NEW ZEALAND 4.50000% 14-15.04.27 | 200 000.00 | 172 664.13 | 0.02 |
| NZD | NEW ZEALAND-REG-S 2.75000% 16-15.04.25 | 200 000.00 | 156 374.40 | 0.01 |
| NZD | NEW ZEALAND-REG-S 2.75000% 16-15.04.37 | 10 000 000.00 | 7 651 061.60 | 0.55 |
| NZD | NEW ZEALAND-REG-S 5.50000% 11-15.04.23 | 200 000.00 | 159 759.60 | 0.01 |
| Total NZD |  |  | 8 139 859.73 | 0.59 |
| USD |  |  |  |  |
| USD | AMERICAN AIRLINES PASS THROUGH TRUST 4.37500% 14-01.10.22 | 605 000.00 | 256 290.35 | 0.02 |
| USD | BALTIMORE GAS & ELECTRIC CO 3.50000% 16-15.08.46 | 700 000.00 | 743 268.01 | 0.05 |
| USD | BANK TABUNGAN NEGARA PERSERO-REG-S-SUB 4.20000% 20-23.01.25 | 200 000.00 | 203 975.00 | 0.01 |
| USD | BRAZIL, FEDERATIVE REPUBLIC OF 7.12500% 06-20.01.37 | 1 500 000.00 | 1 903 406.25 | 0.14 |
| USD | CITIGROUP INC 3.87500% 13-25.10.23 | 600 000.00 | 651 288.83 | 0.05 |
| USD | CNAC HK FINBRIDGE CO LTD-REG-S 3.50000% 17-19.07.22 | 245 000.00 | 248 720.93 | 0.02 |
| USD | CNAC HK FINBRIDGE CO LTD-REG-S 4.62500% 18-14.03.23 | 1 000 000.00 | 1 040 500.00 | 0.07 |
| USD | COLOMBIA, REPUBLIC OF 6.12500% 09-18.01.41 | 1 900 000.00 | 2 205 543.75 | 0.16 |
| USD | COUNTRY GARDEN HOLDINGS CO LTD-REG-S 2.70000% 21-12.07.26 | 720 000.00 | 702 225.00 | 0.05 |
| USD | GAZ CAPITAL SA/GAZPROM-REG-S LPN 7.28800% 07-16.08.37 | 630 000.00 | 875 621.25 | 0.06 |
| USD | GOLDMAN SACHS GROUP INC-SUB 5.15000% 15-22.05.45 | 200 000.00 | 260 952.94 | 0.02 |
| USD | HCA INC 5.37500% 15-01.02.25 | 1 000 000.00 | 1 118 750.00 | 0.08 |
| USD | KAZAKHSTAN, REPUBLIC OF-REG-S 4.87500% 14-14-10.44 | 1 200 000.00 | 1 481 475.00 | 0.11 |
| USD | MALAYSIA WAKALA SUKUK BHD-REG-S 3.07500% 21-28.04.51 | 1 035 000.00 | 1 038 037.62 | 0.07 |
| USD | MEXICO CITY AIRPORT TRUST-REG-S 5.50000% 17-31.07.47 | 450 000.00 | 445 185.00 | 0.03 |
| USD | MOROCCO, KINGDOM OF THE-REG-S 5.50000% 12-11.12.42 | 3 000 000.00 | 3 366 187.50 | 0.24 |
| USD | NETFLIX INC 4.37500% 16-15.11.26 | 1 000 000.00 | 1 127 790.00 | 0.08 |
| USD | PACIFIC GAS & ELECTRIC CO 2.10000% 20-01.08.27 | 535 000.00 | 515 916.56 | 0.04 |
| USD | PACIFIC GAS & ELECTRIC CO 2.50000% 20-01.02.31 | 415 000.00 | 383 553.05 | 0.03 |
| USD | PERU, REPUBLIC OF 2.78300% 20-23.01.31 | 3 320 000.00 | 3 323 735.00 | 0.24 |
| USD | PETROLEOS DE VENEZUE-REG-S *DEFAULTED* 6.00000% 14-16.05.24 | 600 000.00 | 26 100.00 | 0.00 |
| USD | REYNOLDS AMERICAN INC 4.45000% 15-12.06.25 | 150 000.00 | 166 778.57 | 0.01 |
| USD | SOUTH AFRICA, REPUBLIC OF 6.30000% 18-22.06.48 | 500 000.00 | 535 875.00 | 0.04 |
| USD | SOUTHERN CALIFORNIA EDISON CO 2.85000% 19-01.08.29 | 500 000.00 | 514 819.08 | 0.04 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 6.50000% 20-10.01.25 | 910 000.00 | 933 034.38 | 0.07 |
| USD | TURKEY, REPUBLIC OF 6.62500% 14-17.02.45 | 700 000.00 | 649 162.50 | 0.05 |
| Total USD |  |  | 24 718 191.57 | 1.78 |
| ZAR |  |  |  |  |
| ZAR | SOUTH AFRICA, REPUBLIC OF 8.75000% 12-28.02.48 | 236 250 000.00 | 14 416 780.85 | 1.04 |
| ZAR | SOUTH AFRICA, REPUBLIC OF 8.50000% 13-31.01.37 | 210 000 000.00 | 13 014 915.29 | 0.94 |
| Total ZAR |  |  | 27 431 696.14 | 1.98 |
| Total Bonds, fixed rate |  | 271 255 008.69 | 19.55 |
| Bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	AG INSURANCE SA/NV-REG-S-SUB 3.500%/VAR 15-30.06.47 | 300 000.00 | 414 478.35 | 0.03 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 3.250%/VAR 20-PRP | 490 000.00 | 637 165.22 | 0.04 |
| EUR	BP CAPITAL MARKETS PLC-REG-S-SUB 3.625%/VAR 20-PRP | 390 000.00 | 510 508.44 | 0.03 |
| EUR	ELM BV-REG-S-SUB 2.600%/VAR 15-PRP | 290 000.00 | 382 083.01 | 0.03 |
| EUR	HOLCIM FINANCE LUXEMBOURG SA-REG-S-SUB 3.000%/VAR 19-PRP | 200 000.00 | 255 563.19 | 0.02 |
| EUR	SES SA-REG-S-SUB 2.875%/VAR 21-PRP | 3 585 000.00 | 4 401 916.51 | 0.32 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.125%/VAR 18-PRP | 200 000.00 | 239 614.95 | 0.02 |
| EUR	VONOVIA FINANCE BV-REG-S-SUB 4.000%/VAR 14-PRP | 300 000.00 | 374 003.99 | 0.03 |
| Total EUR |  | 7 215 333.66 | 0.52 |
| GBP |  |  |  |
| GBP	BARCLAYS PLC-REG-S-SUB 7.250%/VAR 17-PRP | 200 000.00 | 307 036.04 | 0.02 |
| GBP	CYBG PLC-REG-S-SUB 8.000%/VAR 16-PRP | 1 610 000.00 | 2 443 096.51 | 0.18 |
| GBP	CYBG PLC-REG-S-SUB 8.750%/VAR 16-PRP | 1 020 000.00 | 1 497 777.69 | 0.11 |
| GBP	M&G PLC-REG-S-SUB 5.625%/VAR 18-20.10.51 | 150 000.00 | 252 817.89 | 0.02 |
| GBP	SANTANDER UK GROUP HOLD PLC-REG-S-SUB 6.750%/VAR 17-PRP | 200 000.00 | 314 862.25 | 0.02 |
| Total GBP |  | 4 815 590.38 | 0.35 |
| NZD |  |  |  |
| NZD	NEW ZEALAND-REG-S 2.500%/CPI LINKED 14-20.09.35 | 30 000 000.00 | 30 238 790.40 | 2.18 |
| Total NZD |  | 30 238 790.40 | 2.18 |
| USD |  |  |  |
| USD	BP CAPITAL MARKETS PLC-SUB 4.875%/VAR 20-PRP | 485 000.00 | 522 936.70 | 0.04 |
| USD	CREDIT SUISSE GROUP AG-REG-S-SUB 7.500%/VAR 18-PRP | 1 230 000.00 | 1 327 170.00 | 0.10 |
| USD	QBE INSURANCE GROUP LTD-REG-S-SUB 6.750%/VAR 14-02.12.44 | 380 000.00 | 430 422.85 | 0.03 |
| USD	RAKUTEN GROUP INC-REG-S-SUB 6.250%/VAR 21-PRP | 2 840 000.00 | 3 042 350.00 | 0.22 |
| USD	SCOR SE-REG-S-SUB 5.250%/VAR 18-PRP | 400 000.00 | 421 000.00 | 0.03 |
| USD	UBS GROUP AG-REG-S-SUB 7.125%/VAR 16-PRP | 3 300 000.00 | 3 333 000.00 | 0.24 |
| USD	WESTPAC BANKING CORP-SUB 5.000%/VAR 17-PRP | 200 000.00 | 212 170.00 | 0.01 |
| Total USD |  | 9 289 049.55 | 0.67 |
| Total Bonds, floating rate |  | 51 558 763.99 | 3.72 |

UBS (Lux) Bond SICAV – Global Dynamic (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) |  |
| Treasury notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.12500% 14-15.08.44 | 9 700 000.00 | 11 247 832.00 | 0.81 |
| USD	AMERICA, UNITED STATES OF 3.00000% 17-15.05.47 | 12 000 000.00 | 13 712 812.55 | 0.99 |
| USD	AMERICA, UNITED STATES OF 2.87500% 19-15.05.49 | 26 000 000.00 | 29 182 968.88 | 2.10 |
| USD	AMERICA, UNITED STATES OF 1.87500% 17-31.07.22 | 675 000.00 | 689 053.71 | 0.05 |
| USD	AMERICA, UNITED STATES OF 2.87500% 18-30.04.25 | 15 000 000.00 | 16 362 304.65 | 1.18 |
| USD	AMERICA, UNITED STATES OF 2.00000% 13-15.02.23 | 1 000 000.00 | 1 031 718.75 | 0.07 |
| USD	AMERICA, UNITED STATES OF 2.50000% 14-15.05.24 | 6 000 000.00 | 6 389 296.86 | 0.46 |
| USD	AMERICA, UNITED STATES OF 1.75000% 17-30.06.22 | 1 300 000.00 | 1 323 207.03 | 0.10 |
| USD	AMERICA, UNITED STATES OF 1.62500% 19-30.11.26 | 46 000 000.00 | 47 712 421.76 | 3.44 |
| USD	AMERICA, UNITED STATES OF 0.62500% 20-15.05.30 | 16 000 000.00 | 14 776 875.04 | 1.07 |
| USD	AMERICA, UNITED STATES OF TB 0.12500% 20-31.05.22 | 31 750 000.00 | 31 764 882.81 | 2.29 |
| USD	AMERICA, UNITED STATES OF 0.50000% 20-30.06.27 | 39 500 000.00 | 38 154 531.25 | 2.75 |
| USD	AMERICA, UNITED STATES OF 0.62500% 20-15.08.30 | 12 425 000.00 | 11 429 058.59 | 0.82 |
| USD	AMERICA, UNITED STATES OF 0.50000% 20-31.08.27 | 20 000 000.00 | 19 253 125.00 | 1.39 |
| Total USD |  | 243 030 088.88 | 17.52 |
| Total Treasury notes, fixed rate |  | 243 030 088.88 | 17.52 |
| Treasury notes, floating rate |  |  |  |
| BRL |  |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 6.000%/IPCA LINKD 10-15.08.50 | 1 050.00 | 887 174.02 | 0.06 |
| Total BRL |  | 887 174.02 | 0.06 |
| Total Treasury notes, floating rate |  | 887 174.02 | 0.06 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 848 359 187.85 | 61.15 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Asset Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	CPS AUTO TRUST-144A 4.61000% 17-15.12.22 | 247 000.00 | 94 503.34 | 0.01 |
| USD	DRIVE AUTO RECEIVABLES TRUST 4.30000% 18-15.04.26 | 1 000 000.00 | 1 047 390.00 | 0.08 |
| USD	DT AUTO OWNER TRUST-144A 4.19000% 18-15.07.24 | 1 000 000.00 | 1 028 226.50 | 0.07 |
| Total USD |  | 2 170 119.84 | 0.16 |
| Total Asset Backed Securities, fixed rate |  | 2 170 119.84 | 0.16 |
| Asset Backed Securities, floating rate |  |  |  |
| USD |  |  |  |
| USD	SOFI PROFESSIONA LOAN PROGRAM LLC-144A VAR 17-26.03.40 | 850 000.00 | 892 635.32 | 0.06 |
| Total USD |  | 892 635.32 | 0.06 |
| Total Asset Backed Securities, floating rate |  | 892 635.32 | 0.06 |
| Mortgage Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BANK 2018-BNK14-SUB 4.23100% 18-01.09.60 | 900 000.00 | 1 036 121.67 | 0.07 |
| USD	BANK BNK-SUB 4.40700% 18-01.11.61 | 1 850 000.00 | 2 154 007.17 | 0.16 |
| USD	BBCMS TRUST-144A-SUB 4.19700% 15-06.08.35 | 100 000.00 | 112 908.53 | 0.01 |
| USD	BENCHMARK MORTGAGE TRUST 3.94360% 18-01.07.51 | 1 350 000.00 | 1 530 199.89 | 0.11 |
| USD	BENCHMARK MORTGAGE TRUST 4.44100% 18-01.10.51 | 1 500 000.00 | 1 729 699.65 | 0.12 |
| USD	BENCHMARK MORTGAGE TRUST-SUB 4.51000% 18-01.05.53 | 2 000 000.00 | 2 347 999.40 | 0.17 |
| USD	BENCHMARK MORTGAGE TRUST-SUB 3.97900% 19-01.03.62 | 1 350 000.00 | 1 517 852.11 | 0.11 |
| USD	CITIGROUP COMMERCIAL MORTGAGE TRUST 3.96300% 18-01.06.51 | 1 000 000.00 | 1 015 103.50 | 0.07 |
| USD	CITIGROUP COMMERCIAL MORTGAGE TRUST 4.22800% 18-01.06.51 | 2 775 000.00 | 3 182 194.06 | 0.23 |
| USD	CITIGROUP COMMERCIAL MORTGAGE 3.36600% 16-01.11.49 | 1 500 000.00 | 1 620 257.85 | 0.12 |
| USD	COMM 2015-CCRE22 MORTGAGE TRUST 3.92600% 15-01.03.48 | 2 000 000.00 | 2 168 350.60 | 0.16 |
| USD	COMM MORTGAGE TRUST-SUB 4.22800% 18-01.05.51 | 2 500 000.00 | 2 871 928.75 | 0.21 |
| USD	CSAIL COMMERCIAL MORTGAGE TRUST-SUB 4.42160% 18-01.11.51 | 1 490 000.00 | 1 725 735.59 | 0.12 |
| USD	HUDSON YARDS 2016-10HY MORTGAGE-144A 2.83500% 16-01.08.38 | 855 000.00 | 907 276.07 | 0.07 |
| USD	JPMDB COMMERCIAL MORTGAGE TRT 4.42100% 18-01.06.51 | 1 150 000.00 | 1 317 028.65 | 0.09 |
| USD	MORGAN STANLEY BOA MERR LYH TRT 15-C24 3.73200% 15-01.05.48 | 800 000.00 | 882 026.40 | 0.06 |
| USD	MORGAN STANLEY CAPITAL INC-SUB 3.33000% 17-01.12.50 | 450 000.00 | 488 398.77 | 0.03 |
| USD	MORGAN STANLEY CAPITAL I TRUST-SUB 4.31000% 18-01.12.51 | 1 355 000.00 | 1 552 153.31 | 0.11 |
| USD	MSBAM LYNCH TRUST-SUB 3.99400% 16-01.12.49 | 600 000.00 | 660 977.04 | 0.05 |
| USD	WELLS FARGO COMMERCIAL MORTGAGE TRUST 4.21200% 18-01.05.51 | 1 400 000.00 | 1 603 943.60 | 0.12 |
| Total USD |  | 30 424 162.61 | 2.19 |
| Total Mortgage Backed Securities, fixed rate |  | 30 424 162.61 | 2.19 |
| Mortgage Backed Securities, floating rate |  |  |  |
| USD |  |  |  |
| USD	AVENTURA MALL TRUST-144A FLR 18-01.07.40 | 2 060 000.00 | 2 322 321.64 | 0.17 |
| USD	BAMLL COMMERCIAL MORT SET-144A 1M LIBOR+135BP 18-15.09.34 | 1 575 000.00 | 1 571 027.54 | 0.11 |
| USD	BANK 2017-BNK9 VAR 17-01.11.54 | 1 500 000.00 | 1 665 453.60 | 0.12 |
| USD	BANK-SUB FLR 18-01.02.61 | 895 000.00 | 960 448.31 | 0.07 |
| USD	BBCMS TRUST CBM-144A 1M LIBOR+119.1098BP 18-15.07.37 | 1 650 000.00 | 1 641 708.09 | 0.12 |
| USD	BENCHMARK 2018-B2 MORTGAGE TRUST-SUB FLR 18-01.02.51 | 1 400 000.00 | 1 572 679.78 | 0.11 |
| USD	BENCHMARK MORTGAGE TRUST-SUB FLR 18-01.10.51 | 1 500 000.00 | 1 708 604.55 | 0.12 |
| USD	BENCHMARK MORTGAGE TRUST-SUB FLR 18-01.10.51 | 1 950 000.00 | 2 157 477.07 | 0.16 |
| USD	BENCHMARK MORTGAGE TRUST FLR 18-01.01.52 | 2 000 000.00 | 2 311 749.20 | 0.17 |
| USD	BX COMMERCIAL MORTGAGE TRUST-144A 1M LIBOR+75BP 18-15.11.35 | 355 000.00 | 110 988.88 | 0.01 |
| USD	BX COMMERCIAL MORTGAGE TRUST-144A 1M LIBOR+90BP 18-15.11.35 | 500 000.00 | 350 105.70 | 0.03 |
| USD	BX TRUST-144A 1M LIBOR+80BP 18-15.05.35 | 1 300 000.00 | 1 301 200.94 | 0.09 |

UBS (Lux) Bond SICAV – Global Dynamic (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 | BX TRUST-144A 1M LIBOR+122BP 18-15.05.35 | 2 000 000.00 | 1 999 965.60 | 0.14 |
| USD | CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+145BP 19-15.12.37 | 500 000.00 | 500 621.80 | 0.04 |
| USD | CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+175BP 19-15.12.37 | 1 620 000.00 | 1 621 438.56 | 0.12 |
| USD | CD MORTGAGE TRUST FLR 17-01.11.50 | 2 220 000.00 | 2 439 249.20 | 0.18 |
| USD | CSAIL 2015-C4 COMMERCIAL MORTGAGE TRUST-SUB VAR 15-01.11.48 | 500 000.00 | 540 520.85 | 0.04 |
| USD | CSWF TOP-144A-SUB FLR 18-15.08.35 | 1 625 000.00 | 1 296 725.69 | 0.09 |
| USD | GS MORTGAGE SECURITIES CORP II 4.155%/VAR 18-01.07.51 | 330 000.00 | 377 318.07 | 0.03 |
| USD | GS MORTGAGE SECURITIES TRUST 4.047%/VAR 17-01.03.50 | 3 000 000.00 | 3 299 800.20 | 0.24 |
| USD | GS MORTGAGE SECURITIES TRUST-144A VAR 17-01.01.43 | 1 950 000.00 | 2 148 468.27 | 0.16 |
| USD | JP MORGAN CHASE MORTGAGE SECURITIES-144A-SUB FLR 18-01.01.31 | 2 045 000.00 | 2 077 890.14 | 0.15 |
| USD | JP MORGAN CHASE MORTGAGE SECURITIES-144A-SUB FLR 18-01.01.31 | 2 000 000.00 | 2 004 310.80 | 0.14 |
| USD | JPMCC COMMERCIAL MORTGAGE SEC TRUST VAR 17-01.09.50 | 3 200 000.00 | 3 340 616.00 | 0.24 |
| USD | JPMDB COMRCIAL MOTGE SECURTIES TRST 3.985%/VAR 17-01.10.50 | 2 000 000.00 | 2 193 205.00 | 0.16 |
| USD | MAD MORTGAGE TRUST-144A 3.294%/VAR 17-01.08.34 | 1 500 000.00 | 1 547 742.30 | 0.11 |
| USD | MAD MORTGAGE TRUST-144A 3.478%/VAR 17-01.08.34 | 1 500 000.00 | 1 546 657.95 | 0.11 |
| USD | MAD MORTGAGE TRUST-144A 3.599%/VAR 17-01.08.34 | 1 000 000.00 | 1 028 541.60 | 0.07 |
| USD | ROSSLYN PORTFOLIO TRUST ROSS 1M LIBOR+300BP 17-15.06.33 | 700 000.00 | 601 348.25 | 0.04 |
| USD | WELLS FARGO COMMERCIAL MORTGAGE FLR 17-01.12.50 | 1 400 000.00 | 1 550 898.30 | 0.11 |
| Total USD |  |  | 47 789 083.88 | 3.45 |
| Total Mortgage Backed Securities, floating rate |  | 47 789 083.88 | 3.45 |
| Notes, fixed rate |  |  |  |
| CAD |  |  |  |
| CAD	ONTARIO, PROVINCE OF 2.70000% 19-02.06.29 | 6 000 000.00 | 5 276 930.72 | 0.38 |
| Total CAD |  | 5 276 930.72 | 0.38 |
| USD |  |  |  |
| USD	AKER BP ASA-144A 3.00000% 20-15.01.25 | 565 000.00 | 589 762.46 | 0.04 |
| USD	ALTRIA GROUP INC 4.25000% 12-09.08.42 | 150 000.00 | 153 198.48 | 0.01 |
| USD	AVOLON HOLDINGS FUNDING LTD-144A 2.12500% 21-21.02.26 | 730 000.00 | 716 312.50 | 0.05 |
| USD	BNP PARIBAS-144A 4.40000% 18-14.08.28 | 200 000.00 | 228 728.66 | 0.02 |
| USD	BRAZIL MINAS SPE-REG-S 5.33300% 13-15.02.28 | 200 000.00 | 151 900.00 | 0.01 |
| USD	BROADCOM INC 3.15000% 20-15.11.25 | 233 000.00 | 250 377.14 | 0.02 |
| USD	CAMERON LNG LLC-144A 3.30200% 19-15.01.35 | 340 000.00 | 355 115.66 | 0.03 |
| USD	CARRIER GLOBAL CORP 2.72200% 20-15.02.30 | 550 000.00 | 564 744.24 | 0.04 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 5.50000% 16-01.05.26 | 1 000 000.00 | 1 033 700.00 | 0.07 |
| USD	CENTENE CORP 4.62500% 20-15.12.29 | 1 000 000.00 | 1 079 430.00 | 0.08 |
| USD	CHEVRON PHILLIPS CHEMICAL CO LLC-144A 5.12500% 20-01.04.25 | 460 000.00 | 527 608.31 | 0.04 |
| USD	CITIGROUP INC-SUB 4.60000% 16-09.03.26 | 200 000.00 | 229 465.27 | 0.02 |
| USD	COLONIAL ENTERPRISES INC-144A 3.25000% 20-15.05.30 | 470 000.00 | 503 230.27 | 0.04 |
| USD	COSTCO WHOLESALE CORP 1.60000% 20-20.04.30 | 195 000.00 | 189 001.55 | 0.01 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 5.30000% 19-01.10.29 | 355 000.00 | 420 308.65 | 0.03 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 7.12500% 16-15.06.24 | 250 000.00 | 255 000.00 | 0.02 |
| USD	ENLINK MIDSTREAM PARTNERS LP 4.40000% 14-01.04.24 | 410 000.00 | 425 612.80 | 0.03 |
| USD	ENTERPRISE PRODUCTS OPERATING LLC 4.85000% 13-15.03.44 | 260 000.00 | 307 947.25 | 0.02 |
| USD	GLENCORE FUNDING LLC-144A 4.87500% 19-12.03.29 | 500 000.00 | 572 947.15 | 0.04 |
| USD	GRAPHIC PACKAGING INTERNATIONL INC-144A 3.50000% 20-15.03.28 | 1 000 000.00 | 995 030.00 | 0.07 |
| USD	INFOR INC-144A 1.75000% 20-15.07.25 | 355 000.00 | 363 851.34 | 0.03 |
| USD	JPMORGAN CHASE & CO-SUB 3.62500% 16-01.12.27 | 300 000.00 | 331 589.98 | 0.02 |
| USD	MPLX LP 4.25000% 20-01.12.27 | 400 000.00 | 452 807.58 | 0.03 |
| USD	NXP BV / NXP FDNG LLC / NXP USA-144A 3.15000% 20-01.05.27 | 900 000.00 | 966 725.51 | 0.07 |
| USD	NXP BV / NXP FDNG LLC / NXP USA-144A 2.70000% 20-01.05.25 | 160 000.00 | 169 101.15 | 0.01 |
| USD	ONCOR ELECTRIC DELIVERY CO 3.70000% 19-15.11.28 | 760 000.00 | 853 286.93 | 0.06 |
| USD	ORIGIN ENERGY FINANCE LTD-REG-S 5.45000% 11-14.10.21 | 360 000.00 | 366 341.40 | 0.03 |
| USD	OTIS WORLDWIDE CORP 2.56500% 20-15.02.30 | 745 000.00 | 760 300.53 | 0.06 |
| USD	PERU, REPUBLIC OF 5.62500% 10-18.11.50 | 1 500 000.00 | 1 961 531.25 | 0.14 |
| USD	SOUTHWESTERN ELECTRIC POWER 6.20000% 10-15.03.40 | 150 000.00 | 204 594.43 | 0.01 |
| USD	TEACHERS INSURANCE&ANNUITY ASS-144A-SUB 4.90000% 14-15.09.44 | 200 000.00 | 248 049.73 | 0.02 |
| USD	TECK RESOURCES LTD 3.90000% 20-15.07.30 | 530 000.00 | 566 503.48 | 0.04 |
| USD	TRITON CONTAINER INTERNATIONAL LTD-144A 2.05000% 21-15.04.26 | 1 345 000.00 | 1 351 329.57 | 0.10 |
| Total USD |  | 18 145 433.27 | 1.31 |
| Total Notes, fixed rate |  | 23 422 363.99 | 1.69 |
| Medium term notes, fixed rate |  |  |  |
| AUD |  |  |  |
| AUD	AURIZON FINANCE PTY LTD 3.00000% 21-09.03.28 | 2 160 000.00 | 1 680 240.86 | 0.12 |
| Total AUD |  | 1 680 240.86 | 0.12 |
| Total Medium term notes, fixed rate |  | 1 680 240.86 | 0.12 |
| Medium term notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	AUSTRALIA & NEW ZEALAND BANK-REG-S-SUB 2.950%VAR 20-22.07.30 | 700 000.00 | 729 510.81 | 0.05 |
| USD	INTESA SANPAOLO SPA-144A-SUB 7.700%/VAR 15-PRP | 1 500 000.00 | 1 710 000.00 | 0.13 |
| Total USD |  | 2 439 510.81 | 0.18 |
| Total Medium term notes, floating rate |  | 2 439 510.81 | 0.18 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	PANTHER BF AGGR 2/PANTHER FIN CO-REG-S 4.37500% 19-15.05.26 | 2 460 000.00 | 3 113 109.47 | 0.22 |
| Total EUR |  | 3 113 109.47 | 0.22 |

UBS (Lux) Bond SICAV – Global Dynamic (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) |  |
| RUB |  |  |  |  |
| RUB | RUSSIA, FEDERATION OF 7.65000% 19-10.04.30 | 3 400 000 000.00 | 48 445 196.51 | 3.49 |
| Total RUB |  |  | 48 445 196.51 | 3.49 |
| USD |  |  |  |  |
| USD | FIVE CORNERS FUNDING TRUST-144A 4.41900% 13-15.11.23 | 200 000.00 | 219 119.11 | 0.02 |
| USD | PHILLIPS 66 4.65000% 14-15.11.34 | 250 000.00 | 292 368.69 | 0.02 |
| Total USD |  |  | 511 487.80 | 0.04 |
| Total Bonds, fixed rate |  | 52 069 793.78 | 3.75 |
| Bonds, floating rate |  |  |  |
| JPY |  |  |  |
| JPY	JAPAN 0.100%/CPI LINKED 19-10.03.29 | 1 800 000 000.00 | 16 924 240.33 | 1.22 |
| Total JPY |  | 16 924 240.33 | 1.22 |
| NZD |  |  |  |
| NZD	NEW ZEALAND 2.500%/CPI LINKED 17-20.09.40 | 89 000 000.00 | 88 673 035.36 | 6.39 |
| NZD	NEW ZEALAND 3.000%/CPI LINKED 13-20.09.30 | 67 000 000.00 | 69 203 388.80 | 4.99 |
| Total NZD |  | 157 876 424.16 | 11.38 |
| USD |  |  |  |
| USD	PACIFIC GAS AND ELECTRIC CO 3M LIBOR+137.5BP 20-15.11.21 | 2 905 000.00 | 2 911 826.75 | 0.21 |
| USD	SCENTRE GROUP TRUST 2-REG-S-SUB 4.750%/VAR 20-24.09.80 | 650 000.00 | 689 812.50 | 0.05 |
| Total USD |  | 3 601 639.25 | 0.26 |
| Total Bonds, floating rate |  | 178 402 303.74 | 12.86 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 339 290 214.83 | 24.46 |

Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market
Mortgage Backed Securities, fixed rate
| USD |  |
| --- | --- |
| USD | DBGS 2018-BIOD MORTGAGE TRUST-SUB 4.76400% 18-01.10.51 | 1 300 000.00 | 1 514 765.72 | 0.11 |
| Total USD |  |  | 1 514 765.72 | 0.11 |
| Total Mortgage Backed Securities, fixed rate |  | 1 514 765.72 | 0.11 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market |  | 1 514 765.72 | 0.11 |
| Recently issued transferable securities and money market instruments |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AKER BP ASA-144A 4.00000% 20-15.01.31 | 525 000.00 | 565 359.62 | 0.04 |
| USD	BROADCOM INC-144A 1.95000% 21-15.02.28 | 890 000.00 | 881 904.51 | 0.06 |
| USD	BROADCOM INC-144A 2.60000% 21-15.02.33 | 3 205 000.00 | 3 051 575.18 | 0.22 |
| USD	BROADCOM INC-144A 3.41900% 21-15.04.33 | 767 000.00 | 782 195.02 | 0.06 |
| Total USD |  | 5 281 034.33 | 0.38 |
| Total Notes, fixed rate	5 281 034.33 | 0.38 |
| Total Recently issued transferable securities and money market instruments	5 281 034.33 | 0.38 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |
| Investment funds, open end |  |
| Ireland |  |
| EUR	ISHARES EURO HIGH YIELD CORPORATE BOND UCITS ETF EUR	1 000.00	125 847.36 | 0.01 |
| USD	UBS (IRL) SELECT MONEY MARKET FUND-USD-S-DIST	3 909.02	39 090 200.00 | 2.82 |
| GBP	UBS (IRL) SELECT MONEY MARKET FUND-GBP-S-DIST	767.33	10 907 581.73 | 0.79 |
| Total Ireland	50 123 629.09 | 3.62 |
| Luxembourg |  |
| EUR	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC	500.00	86 863.17 | 0.01 |
| USD	UBS (LUX) BOND SICAV - MULTI INCOME (USD)-U-X-ACC	500.00	5 347 550.00 | 0.38 |
| Total Luxembourg	5 434 413.17 | 0.39 |
| Total Investment funds, open end	55 558 042.26 | 4.01 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010	55 558 042.26 | 4.01 |
| Total investments in securities	1 250 003 244.99 | 90.11 |

UBS (Lux) Bond SICAV – Global Dynamic (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 | -10.00 | 8 803.08 | 0.00 |
| EUR	EURO-BUND FUTURE 08.06.21 | -150.00 | 183 397.50 | 0.02 |
| EUR	EURO-BOBL FUTURE 08.06.21 | -335.00 | -978.12 | 0.00 |
| EUR	EURO-BUXL FUTURE 08.06.21 | -190.00 | 1 430 989.56 | 0.10 |
| EUR	EURO-OAT FUTURE 08.06.21 | -50.00 | 88 642.13 | 0.01 |
| GBP	LONG GILT FUTURE 28.09.21 | -110.00 | 4 690.95 | 0.00 |
| JPY	JAPAN GOVERNMENT 10Y BOND (OSE) FUTURE 14.06.21 | 32.00 | 172 585.58 | 0.01 |
| USD	US 10YR TREASURY NOTE FUTURE 21.09.21 | -990.00 | 155 640.63 | 0.01 |
| USD	US LONG BOND FUTURE 21.09.21 | -140.00 | 87 500.00 | 0.01 |
| USD	US 10YR ULTRA NOTE FUTURE 21.09.21 | -500.00 | 175 781.50 | 0.01 |
| USD	US 2YR TREASURY NOTE FUTURE 30.09.21 | -270.00 | -2 109.51 | 0.00 |
| USD	US 5YR TREASURY NOTE FUTURE 30.09.21 | -530.00 | 24 843.75 | 0.00 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 21.09.21 | -370.00 | 289 703.13 | 0.02 |
| Total Financial Futures on bonds | 2 619 490.18 | 0.19 |
| Total Derivative instruments listed on an official stock exchange | 2 619 490.18 | 0.19 |
| Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  |  |
| Swaps and forward swaps on interest rates |  |  |
|  |  |  |
| USD	LCH/INTEREST RATE SWAP PAYER 2.29200% 20-03.02.25	-8 000 000.00 USD	LCH/INTEREST RATE SWAP REC 3ML 20-03.02.25 | -559 357.15 | -0.04 |
| USD	LCH/INTEREST RATE SWAP PAYER 2.37200% 15-28.04.45	-2 000 000.00 USD	LCH/INTEREST RATE SWAP REC 3ML 15-28.04.45 | -167 221.96 | -0.01 |
| USD	LCH/INTEREST RATE SWAP PAYER 2.56500% 15-10.11.45	-2 500 000.00 USD	LCH/INTEREST RATE SWAP REC 3ML 15-10.11.45 | -307 599.80 | -0.02 |
| USD	LCH/INTEREST RATE SWAP PAYER 2.60800% 15-19.11.45	-2 400 000.00 USD	LCH/INTEREST RATE SWAP REC 3ML 15-19.11.45 | -315 195.34 | -0.02 |
| USD	LCH/INTEREST RATE SWAP PAYER 2.12350% 16-18.04.46	-2 000 000.00 USD	LCH/INTEREST RATE SWAP REC 3ML 16-18.04.46 | -68 119.84 | 0.00 |
| USD	LCH/INTEREST RATE SWAP PAYER 2.39400% 17-23.03.27	-4 600 000.00 USD	LCH/INTEREST RATE SWAP REC 3ML 17-23.03.27 | -378 466.69 | -0.03 |
| USD	LCH/INTEREST RATE SWAP PAYER 2.34600% 17-07.04.27	-5 000 000.00 USD	LCH/INTEREST RATE SWAP REC 3ML 17-07.04.27 | -392 982.76 | -0.03 |
| USD	LCH/INTEREST RATE SWAP PAYER 2.57230% 17-01.08.47	-1 800 000.00 USD	LCH/INTEREST RATE SWAP REC 3ML 17-01.08.47 | -245 582.23 | -0.02 |
| USD	LCH/INTEREST RATE SWAP PAYER 2.24850% 17-02.08.27	-4 300 000.00 USD	LCH/INTEREST RATE SWAP REC 3ML 17-02.08.27 | -331 949.65 | -0.02 |
| NZD	LCH/INTEREST RATE SWAP PAYER 1.58300% 24-24.09.29	-54 000 000.00 NZD	LCH/INTEREST RATE SWAP REC 3MF 24-24.09.29 | 1 581 953.25 | 0.11 |
| USD	LCH/INTEREST RATE SWAP PAYER 1.29910% 20-03.03.50	-5 800 000.00 USD	LCH/INTEREST RATE SWAP REC 3ML 20-03.03.50 | 896 080.79 | 0.06 |
| PLN	LCH/INTEREST RATE SWAP PAYER 0.85750% 20-23.07.30	-87 000 000.00 PLN	LCH/INTEREST RATE SWAP REC 6MWIBR 20-23.07.30 | 1 854 513.84 | 0.13 |
| GBP	LCH/INTEREST RATE SWAP PAYER 0.13510% 20-16.09.30	-100 000.00 GBP	LCH/INTEREST RATE SWAP REC 12ML 20-16.09.30 | 7 655.97 | 0.00 |
| PLN	LCH/INTEREST RATE SWAP PAYER 2.11600% 20-23.01.30	-142 000 000.00 PLN	LCH/INTEREST RATE SWAP REC 6MWIB 20-23.01.30 | -1 150 033.09 | -0.08 |
| PLN	LCH/INTEREST RATE SWAP PAYER 1.91900% 20-10.02.30	-155 000 000.00 PLN	LCH/INTEREST RATE SWAP REC 6MWIB 20-10.02.30 | -517 019.70 | -0.04 |
| JPY	LCH/INTEREST RATE SWAP PAYER 1.51890% 15-05.06.45	-300 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6M LIBOR 15-05.06.45 | -698 619.75 | -0.06 |
| JPY	LCH/INTEREST RATE SWAP PAYER 1.55125% 15-08.06.45	-300 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6M LIBOR 15-08.06.45 | -719 798.84 | -0.05 |
| JPY	LCH/INTEREST RATE SWAP PAYER 1.56450% 15-15.06.45	-200 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6M LIBOR 15-15.06.45 | -485 260.95 | -0.03 |
| JPY	LCH/INTEREST RATE SWAP PAYER 1.45625% 15-23.06.45	-200 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6M LIBOR 15-23.06.45 | -437 725.76 | -0.03 |
| JPY	LCH/INTEREST RATE SWAP PAYER 1.52750% 15-06.07.45	-300 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6M LIBOR 15-06.07.45 | -702 028.74 | -0.05 |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.56750% 16-05.04.46	-250 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6M LIBOR 16-05.04.46 | -54 003.68 | 0.00 |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.59900% 16-30.04.46	-200 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6M LIBOR 16-30.04.46 | -56 158.99 | 0.00 |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.52500% 16-23.09.46	-210 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6M LIBOR 16-23.09.46 | -23 260.25 | 0.00 |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.79150% 17-29.05.47	-160 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6M LIBOR 17-29.05.47 | -111 170.60 | -0.01 |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.87750% 17-28.07.47	-160 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6M LIBOR 17-28.07.47 | -147 466.04 | -0.01 |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.91625% 18-27.02.48	-160 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6M LIBOR 18-27.02.48 | -161 064.82 | -0.01 |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.71375% 18-27.12.48	-440 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6M LIBOR 18-27.12.48 | -231 746.94 | -0.02 |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.63500% 19-14.03.49	-390 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6M LIBOR 19-14.03.49 | -123 053.93 | -0.01 |
| JPY	LCH/INTEREST RATE SWAP PAYER 0.54275% 19-10.04.49	-355 000 000.00 JPY	LCH/INTEREST RATE SWAP REC 6M LIBOR 19-10.04.49 | -29 110.90 | 0.00 |
| GBP	LCH/INTEREST RATE SWAP PAYER 0.34200% 20-10.09.50	-10 000.00 GBP	LCH/INTEREST RATE SWAP REC SONIA O/N 20-10.09.50 | 2 110.61 | 0.00 |
| GBP	LCH/INTEREST RATE SWAP PAYER 0.63290% 21-11.02.51	-7 200 000.00 GBP	LCH/INTEREST RATE SWAP REC SONIA O/N 21-11.02.51 | 761 627.80 | 0.05 |
| GBP	LCH/INTEREST RATE SWAP PAYER 0.84167% 21-19.02.51	-9 100 000.00 GBP	LCH/INTEREST RATE SWAP REC SONIA O/N 21-19.02.51 | 253 859.08 | 0.02 |

UBS (Lux) Bond SICAV – Global Dynamic (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 | LCH/INTEREST RATE SWAP PAYER 0.88540% 21-28.02.51 | -18 400 000.00 | 215 598.09 | 0.02 |
| GBP | LCH/INTEREST RATE SWAP REC SONIA O/N 21-28.02.51 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.20750% 19-27.09.29 | -35 900 000.00 | 1 238 095.00 | 0.09 |
| NZD | LCH/INTEREST RATE SWAP REC 3MFRA 19-27.09.29 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.67500% 24-30.10.29 | -32 000 000.00 | 859 258.80 | 0.06 |
| NZD | LCH/INTEREST RATE SWAP REC 3MFRA 24-30.10.29 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP PAYER 3.49750% 19-25.06.24 | -5 000 000.00 | -370 853.11 | -0.03 |
| CAD | LCH/INTEREST RATE SWAP REC 3MCAD 19-25.06.24 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.47300% 24-15.10.29 | -55 000 000.00 | 1 834 387.83 | 0.13 |
| NZD | LCH/INTEREST RATE SWAP REC 3MFRA 24-15.10.29 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP PAYER 2.80500% 21-02.04.26 | -755 000 000.00 | -491 534.60 | -0.04 |
| CNY | CITI/INTEREST RATE SWAP REC CNRR007 21-02.04.26 |  |  |  |
| NZD | BC/INTEREST RATE SWAP REC 5.20000% 13-09.12.23 | 1 200 000.00 | 118 906.39 | 0.01 |
| NZD | BC/INTEREST RATE SWAP PAYER 3MFRA 13-09.12.23 |  |  |  |
| NZD | BC/INTEREST RATE SWAP REC 5.14300% 14-17.02.24 | 2 100 000.00 | 201 833.70 | 0.01 |
| NZD | BC/INTEREST RATE SWAP PAYER 3ML 14-17.02.24 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 6ML 25-22.10.45 | 350 000 000.00 | 788 486.29 | 0.06 |
| JPY | LCH/INTEREST RATE SWAP REC 1.85125% 25-27.10.45 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP PAY CNRR007 19-02.04.24 | 105 000 000.00 | 212 271.49 | 0.01 |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 3.02250% 19-02.04.24 |  |  |  |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 19-20.04.29 | 160 000 000.00 | 854 294.17 | 0.06 |
| MXN | CME/INTEREST RATE SWAP REC 8.20500% 19-20.04.29 |  |  |  |
| CNY | HSBC/INTEREST RATE SWAP PAYER CNRR007 19-16.07.24 | 90 000 000.00 | 116 771.06 | 0.01 |
| CNY | HSBC/INTEREST RATE SWAP REC 2.87250% 19-16.07.24 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 19-10.09.24 | 180 000 000.00 | 163 221.39 | 0.01 |
| CNY | CITI/INTEREST RATE SWAP REC 2.78300% 19-10.09.24 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 19-19.09.24 | 75 000 000.00 | 129 193.00 | 0.01 |
| CNY | CITI/INTEREST RATE SWAP REC 2.94000% 19-19.09.24 |  |  |  |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 19-26.09.29 | 150 000 000.00 | 45 569.87 | 0.00 |
| MXN | CME/INTEREST RATE SWAP REC 6.68000% 19-26.09.29 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 19-21.10.24 | 140 000 000.00 | 239 331.20 | 0.02 |
| CNY | CITI/INTEREST RATE SWAP REC 2.96250% 19-21.10.24 |  |  |  |
| CNY | CITIGROUP/INTEREST RATE SWAP REC 3.03500% 19-23.10.24 | 271 000 000.00 | 568 927.02 | 0.04 |
| CNY | CITIGROUP/INTEREST RATE SWAP PAYER CNRR007 19-23.10.24 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 3.15750% 19-30.10.24 | 111 000 000.00 | 302 052.07 | 0.02 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 19-30.10.24 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.92500% 20-16.01.25 | 114 000 000.00 | 175 371.38 | 0.01 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-16.01.25 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.84250% 20-09.01.30 | 320 000 000.00 | 250 685.76 | 0.02 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 20-09.01.30 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.53600% 20-14.02.30 | 245 000 000.00 | -84 283.42 | -0.01 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 20-14.02.30 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.45000% 20-03.03.25 | 405 000 000.00 | -480 274.50 | -0.03 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-03.03.25 |  |  |  |
| CNY | HSBC/INTEREST RATE SWAP REC 2.30500% 20-08.06.25 | 135 000 000.00 | -307 828.27 | -0.02 |
| CNY | HSBC/INTEREST RATE SWAP PAYER CNRR007 20-08.06.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.23500% 20-10.06.25 | 110 000 000.00 | -302 990.29 | -0.02 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-10.06.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.27000% 20-11.06.25 | 80 000 000.00 | -201 481.62 | -0.01 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-11.06.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.19500% 20-12.06.25 | 137 000 000.00 | -410 418.46 | -0.03 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-12.06.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.24500% 20-17.06.25 | 300 000 000.00 | -814 824.07 | -0.06 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-17.06.25 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP REC 0.32000% 16-21.09.31 | 400 000 000.00 | 72 973.75 | 0.01 |
| JPY | LCH/INTEREST RATE SWAP PAYER 6M LIBOR 16-21.09.31 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP REC 1.22000% 19-21.11.24 | 42 500 000.00 | 262 978.32 | 0.02 |
| NZD | LCH/INTEREST RATE SWAP PAYER 3MFRA 19-21.11.24 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.28000% 16-23.07.26 | 95 000 000.00 | 37 887.86 | 0.00 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 16-23.07.26 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP REC 2.34500% 20-03.02.25 | 10 000 000.00 | 418 681.86 | 0.03 |
| CAD | LCH/INTEREST RATE SWAP PAYER 3MCAD 20-03.02.25 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP REC 1.83100% 24-19.09.29 | 46 000 000.00 | -822 438.03 | -0.06 |
| CAD | LCH/INTEREST RATE SWAP PAYER 3MCAD 24-19.09.29 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP REC 1.68250% 19-02.10.24 | 30 000 000.00 | 574 271.72 | 0.04 |
| CAD | LCH/INTEREST RATE SWAP PAYER 3MCAD 19-02.10.24 |  |  |  |
| Total Swaps and forward swaps on interest rates |  | 2 337 924.59 | 0.16 |
| Credit default swaps* |  |  |  |
|  |  |  |  |
| USD	BOA/MEX CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -8 750 000.00 | -153 596.14 | -0.01 |
| USD	CITIBANK/BRAZIL CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -5 500 000.00 | 12 368.71 | 0.00 |
| USD	JPMORGAN/BRAZIL CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -5 500 000.00 | 12 368.71 | 0.00 |
| USD	BOA/TURKEY CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 8 750 000.00 | -707 347.86 | -0.05 |
| USD	CITIBANK/SOAF CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 5 500 000.00 | -25 380.61 | 0.00 |
| USD	JPMORGAN/SOAF CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 5 500 000.00 | -25 380.61 | 0.00 |
| Total Credit default swaps |  | -886 967.80 | -0.06 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  | 1 450 956.79 | 0.10 |
| Total Derivative instruments |  | 4 070 446.97 | 0.29 |
| Forward Foreign Exchange contracts |  |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| USD | 19 496 806.96 | CNY | 126 700 000.00 | 4.6.2021 | -414 506.24 | -0.03 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 3 681 991.36 | JPY | 400 700 000.00 | 4.6.2021 | 19 089.82 | 0.00 |
| USD | 36 848 820.35 | RUB | 2 770 736 500.00 | 4.6.2021 | -915 428.41 | -0.07 |
| USD | 13 814 807.49 | TWD | 384 100 000.00 | 4.6.2021 | -104 801.13 | -0.01 |
| MYR | 45 336 000.00 | USD | 11 053 517.01 | 4.6.2021 | -62 638.50 | -0.01 |
| INR | 895 900 000.00 | USD | 12 037 621.77 | 4.6.2021 | 298 563.07 | 0.02 |
| IDR | 162 720 900 000.00 | USD | 11 226 002.07 | 4.6.2021 | 172 468.67 | 0.01 |
| USD | 27 371 623.02 | PHP | 1 327 250 000.00 | 4.6.2021 | -457 214.06 | -0.03 |

* Positive nominal: the subfund is “Receiver”, negative nominal: the subfund is “Payer”.
UBS (Lux) Bond SICAV – Global Dynamic (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
| USD | 7 965 942.57 | BRL | 42 850 000.00 | 4.6.2021 | -198 281.87 | -0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 27 787 015.95 | CLP | 19 517 600 000.00 | 4.6.2021 | 742 841.75 | 0.05 |
| COP | 50 819 755 000.00 | USD | 13 580 000.00 | 4.6.2021 | 124 504.15 | 0.01 |
| AUD | 11 240 000.00 | USD | 8 683 107.94 | 4.6.2021 | 17 251.53 | 0.00 |
| USD | 222 737 012.73 | NZD | 311 310 000.00 | 4.6.2021 | -3 896 148.43 | -0.28 |
| USD | 236 254 991.78 | EUR | 196 445 000.00 | 4.6.2021 | -3 933 725.44 | -0.28 |
| USD | 78 466 534.34 | GBP | 56 530 000.00 | 4.6.2021 | -1 890 954.88 | -0.14 |
| USD | 76 321 752.13 | CAD | 93 955 000.00 | 4.6.2021 | -1 448 913.18 | -0.10 |
| USD | 95 072 880.83 | ZAR | 1 380 700 000.00 | 4.6.2021 | -5 545 389.28 | -0.40 |
| USD | 10 598 061.30 | CHF | 9 680 000.00 | 4.6.2021 | -165 566.98 | -0.01 |
| TRY | 46 970 000.00 | USD | 5 567 772.83 | 4.6.2021 | -30 350.92 | 0.00 |
| USD | 3 493 147.71 | MXN | 70 960 000.00 | 4.6.2021 | -70 690.58 | -0.01 |
| PLN | 65 110 000.00 | USD | 17 209 775.03 | 4.6.2021 | 564 609.59 | 0.04 |
| USD | 15 037 782.58 | SEK | 127 100 000.00 | 4.6.2021 | -290 025.70 | -0.02 |
| JPY | 1 479 005 391.00 | NOK | 111 570 000.00 | 4.6.2021 | 108 859.84 | 0.01 |
| MXN | 38 650 000.00 | USD | 1 915 674.44 | 4.6.2021 | 25 452.25 | 0.00 |
| USD | 5 787 343.96 | JPY | 634 000 000.00 | 4.6.2021 | -8 212.76 | 0.00 |
| CLP | 9 595 278 000.00 | USD | 13 545 000.00 | 4.6.2021 | -249 493.91 | -0.02 |
| USD | 13 765 000.00 | RUB | 1 020 261 800.00 | 4.6.2021 | -140 840.71 | -0.01 |
| MXN | 41 331 069.31 | GBP | 1 465 000.00 | 4.6.2021 | -6 721.15 | 0.00 |
| JPY | 1 510 703 838.00 | CAD | 16 695 000.00 | 4.6.2021 | -9 450.69 | 0.00 |
| ZAR | 727 940 000.00 | USD | 51 227 160.51 | 4.6.2021 | 1 821 339.19 | 0.13 |
| USD | 13 770 000.00 | MXN | 272 432 565.00 | 4.6.2021 | 87 564.74 | 0.01 |
| USD | 2 754 550.29 | JPY | 300 000 000.00 | 4.6.2021 | 12 173.29 | 0.00 |
| IDR | 198 848 625 000.00 | USD | 13 785 000.00 | 4.6.2021 | 144 189.38 | 0.01 |
| KRW | 15 600 484 500.00 | USD | 13 785 000.00 | 4.6.2021 | 260 653.92 | 0.02 |
| USD | 13 785 000.00 | PHP | 661 404 300.00 | 4.6.2021 | -82 856.48 | -0.01 |
| USD | 12 229 881.92 | INR | 895 900 000.00 | 4.6.2021 | -106 302.92 | -0.01 |
| USD | 1 242 677.08 | ZAR | 17 430 000.00 | 4.6.2021 | -27 531.11 | 0.00 |
| TRY | 10 415 000.00 | USD | 1 236 395.55 | 4.6.2021 | -8 542.68 | 0.00 |
| CLP | 9 922 322 000.00 | USD | 13 865 737.84 | 4.6.2021 | -117 069.73 | -0.01 |
| USD | 13 679 611.04 | COP | 50 819 755 000.00 | 4.6.2021 | -24 893.11 | 0.00 |
| NOK | 113 620 000.00 | SEK | 112 649 117.10 | 4.6.2021 | 72 441.03 | 0.01 |
| EUR | 565 779 900.00 | USD | 694 059 742.51 | 28.6.2021 | -1 988 448.20 | -0.14 |
| CHF | 146 658 500.00 | USD | 164 308 429.32 | 28.6.2021 | -1 137 136.53 | -0.08 |
| CHF | 626 200.00 | USD | 699 443.64 | 28.6.2021 | -2 737.59 | 0.00 |
| USD | 25 284 582.17 | IDR | 361 569 525 000.00 | 4.6.2021 | -43 077.95 | 0.00 |
| IDR | 361 569 600 000.00 | USD | 25 215 817.00 | 6.7.2021 | 80 641.75 | 0.01 |
| USD | 3 500 040.19 | EUR | 2 870 000.00 | 4.6.2021 | -9 041.84 | 0.00 |
| USD | 2 526 994.75 | PLN | 9 285 000.00 | 4.6.2021 | -7 718.22 | 0.00 |
| BRL | 42 850 000.00 | USD | 8 096 362.78 | 4.6.2021 | 67 861.66 | 0.00 |
| USD | 8 072 416.26 | BRL | 42 850 000.00 | 6.7.2021 | -68 699.27 | -0.01 |
| EUR | 1 685 100.00 | USD | 2 054 490.77 | 1.6.2021 | 5 796.75 | 0.00 |
| EUR | 4 737 700.00 | USD | 5 779 127.00 | 28.6.2021 | 16 105.69 | 0.00 |
| PHP | 1 988 654 300.00 | USD | 41 621 061.11 | 4.6.2021 | 75 632.44 | 0.01 |
| MYR | 45 336 000.00 | USD | 10 952 047.35 | 6.7.2021 | 32 077.30 | 0.00 |
| USD | 41 500 417.36 | PHP | 1 988 700 000.00 | 6.7.2021 | -119 070.87 | -0.01 |
| USD | 10 956 017.40 | MYR | 45 336 000.00 | 4.6.2021 | -34 861.11 | 0.00 |
| KRW | 15 601 000 000.00 | USD | 13 971 003.07 | 6.7.2021 | 98 090.14 | 0.01 |
| USD | 13 969 790.82 | KRW | 15 600 484 500.00 | 4.6.2021 | -75 863.10 | -0.01 |
| USD | 51 320 210.64 | RUB | 3 790 998 300.00 | 6.7.2021 | -127 826.14 | -0.01 |
| RUB | 3 790 998 300.00 | USD | 51 543 144.80 | 4.6.2021 | 126 944.67 | 0.01 |
| USD | 13 894 515.99 | TWD | 384 100 000.00 | 6.7.2021 | -102 441.93 | -0.01 |
| TWD | 384 100 000.00 | USD | 13 846 431.15 | 4.6.2021 | 73 177.47 | 0.01 |
| CNY | 126 700 000.00 | USD | 19 860 490.63 | 4.6.2021 | 50 822.57 | 0.00 |
| USD | 19 826 304.67 | CNY | 126 700 000.00 | 6.7.2021 | -7 278.51 | 0.00 |
| CHF | 742 300.00 | USD | 826 583.31 | 28.6.2021 | -705.16 | 0.00 |
| Total Forward Foreign Exchange contracts | -18 832 304.61 | -1.36 |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 169 519 458.21* | 12.22 |
| Bank overdraft and other short-term liabilities | -23 525 719.93 | -1.70 |
| Other assets and liabilities | 6 038 823.36 | 0.44 |
| Total net assets | 1 387 273 948.99 | 100.00 |

* As at 31 May 2021, cash amounts serve as collateral for the counterparty Bank of America for an amount of USD 1 030 000.00, Citibank for an amount of USD 580 000.00, Goldman Sachs for an amount of USD 690 000.00, HSBC Bank for an amount of USD 400 000.00 and JP Morgan for an amount of USD 164 000.00.
UBS (Lux) Bond SICAV – Global Dynamic (USD) Annual report and audited financial statements as of 31 May 2021

Translation (ENDE, 2021-05-31):
# UBS (Lux) Bond SICAV – Global Dynamic (USD)
| Dreijahresvergleich |  |
| --- | --- |
|  | ISIN | 31.5.2021 | 31.5.2020 | 31.5.2019 |
| Nettovermögen in USD |  | 1 387 273 948.99 | 976 416 981.44 | 345 226 235.61 |
| Klasse (EUR hedged) F-acc 1 | LU1287054065 |  |  |  |
| Aktien im Umlauf |  | - | - | 39 312.0000 |
| Nettoinventarwert pro Aktie in EUR |  | - | - | 104.31 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | - | - | 104.31 |
| Klasse (EUR hedged) I-A1-acc 3 | LU1240811650 |  |  |  |
| Aktien im Umlauf |  | 696 720.5160 | 750 514.6690 | - |
| Nettoinventarwert pro Aktie in EUR |  | 103.07 | 98.35 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 103.07 | 98.35 | - |
| Klasse I-A2-acc 4 | LU2189802106 |  |  |  |
| Aktien im Umlauf |  | 984 720.2910 | - | - |
| Nettoinventarwert pro Aktie in USD |  | 104.75 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 104.75 | - | - |
| Klasse (EUR hedged) I-A3-acc 5 | LU2134544555 |  |  |  |
| Aktien im Umlauf |  | 43 257.2780 | 100.0000 | - |
| Nettoinventarwert pro Aktie in EUR |  | 119.41 | 113.84 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 119.41 | 113.84 | - |
| Klasse I-B-acc 6 | LU2113590561 |  |  |  |
| Aktien im Umlauf |  | 296 804.2700 | - | - |
| Nettoinventarwert pro Aktie in USD |  | 101.26 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 101.26 | - | - |
| Klasse (EUR hedged) I-B-acc | LU1193130314 |  |  |  |
| Aktien im Umlauf |  | 410 405.4760 | 65 363.4740 | 76 930.6480 |
| Nettoinventarwert pro Aktie in EUR |  | 104.90 | 114.38 | 110.81 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 104.90 | 114.38 | 110.81 |
| Klasse I-X-acc | LU1138686867 |  |  |  |
| Aktien im Umlauf |  | 378 558.2010 | 228 147.7250 | 155 684.2320 |
| Nettoinventarwert pro Aktie in USD |  | 136.37 | 127.97 | 120.66 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 136.37 | 127.97 | 120.66 |
| Klasse (CHF hedged) I-X-acc | LU1557225098 |  |  |  |
| Aktien im Umlauf |  | 511 993.5060 | 373 152.3150 | 76 329.2180 |
| Nettoinventarwert pro Aktie in CHF |  | 123.99 | 117.74 | 114.44 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 2 |  | 123.99 | 117.74 | 114.44 |
| Klasse (EUR hedged) I-X-acc | LU1822788151 |  |  |  |
| Aktien im Umlauf |  | 121 225.2080 | 118 155.3140 | 147 615.8720 |
| Nettoinventarwert pro Aktie in EUR |  | 113.68 | 107.73 | 104.29 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 113.68 | 107.73 | 104.29 |
| Klasse K-B-acc 7 | LU2282404438 |  |  |  |
| Aktien im Umlauf |  | 326 900.0000 | - | - |
| Nettoinventarwert pro Aktie in USD |  | 99.29 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 99.29 | - | - |
| Klasse K-X-acc | LU1860987145 |  |  |  |
| Aktien im Umlauf |  | 164 788.8360 | 164 788.8360 | 78 158.3670 |
| Nettoinventarwert pro Aktie in USD |  | 120.6900 | 113.30 | 106.86 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 120.69 | 113.30 | 106.86 |
| Klasse K-X-dist 8 | LU1917356179 |  |  |  |
| Aktien im Umlauf |  | 149 093.0950 | 120 329.3350 | - |
| Nettoinventarwert pro Aktie in USD |  | 107.42 | 103.16 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 107.42 | 103.16 | - |
| Klasse P-4%-mdist 9 | LU2051222904 |  |  |  |
| Aktien im Umlauf |  | 43 916.0810 | 28 513.8550 | - |
| Nettoinventarwert pro Aktie in USD |  | 100.16 | 99.19 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 100.16 | 99.19 | - |
| Klasse P-acc | LU0891671751 |  |  |  |
| Aktien im Umlauf |  | 649 268.7490 | 463 352.5420 | 153 812.5500 |
| Nettoinventarwert pro Aktie in USD |  | 129.75 | 123.53 | 118.15 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 129.75 | 123.53 | 118.15 |
| Klasse (CHF hedged) P-acc | LU0891672213 |  |  |  |
| Aktien im Umlauf |  | 124 770.3430 | 172 184.7300 | 163 166.4700 |
| Nettoinventarwert pro Aktie in CHF |  | 112.36 | 108.30 | 106.82 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 2 |  | 112.36 | 108.30 | 106.82 |
| Klasse (EUR hedged) P-acc | LU0891672056 |  |  |  |
| Aktien im Umlauf |  | 2 792 700.8260 | 1 889 095.6090 | 371 635.5540 |
| Nettoinventarwert pro Aktie in EUR |  | 116.22 | 111.81 | 109.85 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 116.22 | 111.81 | 109.85 |

UBS (Lux) Bond SICAV – Global Dynamic (USD)
Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
|  | ISIN | 31.5.2021 | 31.5.2020 | 31.5.2019 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Klasse P-dist	LU0891671835 |  |  |  |
| Aktien im Umlauf |  | 44 236.5250 | 53 032.5600 | 22 159.6960 |
| Nettoinventarwert pro Aktie in USD |  | 115.52 | 111.69 | 107.64 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 115.52 | 111.69 | 107.64 |
| Klasse (CHF hedged) P-dist	LU0891672304 |  |  |  |
| Aktien im Umlauf |  | 40 564.8980 | 38 388.7570 | 38 696.4800 |
| Nettoinventarwert pro Aktie in CHF |  | 100.14 | 97.84 | 97.24 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 2 |  | 100.14 | 97.84 | 97.24 |
| Klasse (EUR hedged) P-dist	LU0891672130 |  |  |  |
| Aktien im Umlauf |  | 145 771.3230 | 120 348.3040 | 69 975.8500 |
| Nettoinventarwert pro Aktie in EUR |  | 103.31 | 100.87 | 99.86 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 103.31 | 100.87 | 99.86 |
| Klasse Q-4%-mdist 10	 LU2038039314 |  |  |  |
| Aktien im Umlauf |  | 128 104.7630 | 108 504.5660 | - |
| Nettoinventarwert pro Aktie in USD |  | 100.52 | 98.94 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 100.52 | 98.94 | - |
| Klasse Q-acc	LU1240774783 |  |  |  |
| Aktien im Umlauf |  | 983 891.7330 | 765 938.7300 | 109 344.1960 |
| Nettoinventarwert pro Aktie in USD |  | 128.35 | 121.47 | 115.50 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 128.35 | 121.47 | 115.50 |
| Klasse (CHF hedged) Q-acc	LU1240774437 |  |  |  |
| Aktien im Umlauf |  | 474 582.3430 | 463 749.4170 | 223 158.2510 |
| Nettoinventarwert pro Aktie in CHF |  | 112.32 | 107.62 | 105.52 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 2 |  | 112.32 | 107.62 | 105.52 |
| Klasse (EUR hedged) Q-acc	LU1240774601 |  |  |  |
| Aktien im Umlauf |  | 845 260.0870 | 1 775 888.0570 | 1 041 535.4190 |
| Nettoinventarwert pro Aktie in EUR |  | 114.91 | 109.87 | 107.28 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 |  | 114.91 | 109.87 | 107.28 |
| Klasse Q-dist	LU1240774866 |  |  |  |
| Aktien im Umlauf |  | 235 677.3560 | 240 782.2450 | 57 642.8900 |
| Nettoinventarwert pro Aktie in USD |  | 117.01 | 112.61 | 108.51 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 2 |  | 117.01 | 112.61 | 108.51 |
| Klasse (CHF hedged) Q-dist	LU1240774510 |  |  |  |
| Aktien im Umlauf |  | 153 651.6680 | 177 472.1870 | 109 190.2340 |
| Nettoinventarwert pro Aktie in CHF |  | 101.94 | 99.66 | 99.05 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 2 |  | 101.94 | 99.66 | 99.05 |
| Klasse (EUR hedged) Q-dist	LU1109640307 |  |  |  |
| Aktien im Umlauf | 68 774.5520 |  | 87 628.7250 | 51 633.6620 |
| Nettoinventarwert pro Aktie in EUR | 102.27 |  | 100.25 | 99.27 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 2 | 102.27 |  | 100.25 | 99.27 |
| 1  Die Aktienklasse (EUR hedged) F-acc war bis zum 23.3.2020 im Umlauf 2  Siehe Erläuterung 1 3  Erste NAV 23.12.2019 4  Erste NAV 2.7.2020 5  Erste NAV 25.3.2020 6  Erste NAV 11.11.2020 7  Erste NAV 11.2.2021 8  Erste NAV 17.7.2019 9  Erste NAV 24.9.2019 10  Erste NAV 10.9.2019 |  |  |  |
| Performance |  |  |  |  |
|  | Währung | 2020/2021 | 2019/2020 | 2018/2019 |
| Klasse (EUR hedged) F-acc 1 | EUR | - | - | 3.8% |
| Klasse (EUR hedged) I-A1-acc | EUR | 4.8% | - | - |
| Klasse I-A2-acc 2 | USD | - | - | - |
| Klasse (EUR hedged) I-A3-acc | EUR | 4.9% | - | - |
| Klasse I-B-acc 2 | USD | - | - | - |
| Klasse (EUR hedged) I-B-acc | EUR | - | 3.2% | 4.3% |
| Klasse I-X-acc | USD | 6.6% | 6.1% | 7.5% |
| Klasse (CHF hedged) I-X-acc | CHF | 5.3% | 2.9% | 4.0% |
| Klasse (EUR hedged) I-X-acc | EUR | 5.5% | 3.3% | 4.4% |
| Klasse K-B-acc 2 | USD | - | - | - |
| Klasse K-X-acc | USD | 6.5% | 6.0% | - |
| Klasse K-X-dist | USD | 6.5% | - | - |
| Klasse P-4%-mdist | USD | 5.0% | - | - |
| Klasse P-acc | USD | 5.0% | 4.6% | 6.0% |
| Klasse (CHF hedged) P-acc | CHF | 3.7% | 1.4% | 2.6% |
| Klasse (EUR hedged) P-acc | EUR | 3.9% | 1.8% | 2.9% |
| Klasse P-dist | USD | 5.0% | 4.5% | 6.0% |
| Klasse (CHF hedged) P-dist | CHF | 3.7% | 1.4% | 2.5% |
| Klasse (EUR hedged) P-dist | EUR | 3.9% | 1.8% | 2.9% |
| Klasse Q-4%-mdist | USD | 5.7% | - | - |
| Klasse Q-acc | USD | 5.7% | 5.2% | 6.6% |
| Klasse (CHF hedged) Q-acc | CHF | 4.4% | 2.0% | 3.2% |
| Klasse (EUR hedged) Q-acc | EUR | 4.6% | 2.4% | 3.5% |

UBS (Lux) Bond SICAV – Global Dynamic (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
|  | Währung | 2020/2021 | 2019/2020 | 2018/2019 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Klasse Q-dist | USD | 5.7% | 5.2% | 6.6% |
| Klasse (CHF hedged) Q-dist | CHF | 4.4% | 2.0% | 3.2% |
| Klasse (EUR hedged) Q-dist | EUR | 4.6% | 2.4% | 3.5% |

1 
Die Aktienklasse (EUR hedged) F-acc war bis zum 23.3.2020 im Umlauf. Auf Grund dessen liegen keine Daten für die Berechnung der Performance im Jahr 2020 vor.
2 
Auf Grund der Neulancierung liegen keine Daten für die Berechnung der Performance vor.
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.
Der Subfonds verfügt über keine Benchmark.
UBS (Lux) Bond SICAV – Global Dynamic (USD)
Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021

## Bericht des Portfolio Managers
Das Rechnungsjahr vom 1. Juni 2020 bis zum 31. Mai 2021 war zum grössten Teil von den Auswirkungen der expansiven Geldpolitik geprägt, mit der die Zent- ralbanken nach wie vor versuchten, die Weltwirtschaft zu stützen, während die Pandemie allmählich überwun- den wurde. Unternehmensanleihen entwickelten sich besonders gut, da die Kreditrisikoprämien auf die tiefs- ten Werte in der Zeit nach der Finanzkrise schrumpften. An den Märkten für Staatsanleihen richteten die Anleger den Blick allmählich in die Zukunft, auf die Auswirkungen der expansiven Geldpolitik. Als dann Anfang 2021 welt- weit die Impfprogramme anliefen, kam Besorgnis über eine steigende Inflation auf. Dies führte dazu, dass die Marktbewertungen ein Überschiessen der Inflation und eine frühere Drosselung der quantitativen Lockerung als von den Zentralbanken angekündigt vorwegnahmen, da die Staatsanleihenrenditen kräftig stiegen.
Der Subfonds erzielte im Rechnungsjahr einen positiven Gesamtertrag. Angesichts des starken Rückgangs der Staatsanleihenrenditen wurde die Performance durch Engagements an Märkten belastet, an denen wir eine lange Duration hatten, während Märkte, an denen wir eine kurze Duration hielten, positiv zur Wertentwicklung beitrugen. Somit schlugen unsere massgeblichen Positio- nen mit langer Duration in den USA, China, Mexiko und Südafrika negativ zu Buche, während sich unsere kurze Duration in Grossbritannien, Polen und Deutschland vor- teilhaft auswirkte. Unser Engagement in Spreadsektoren von Investment-Grade- und Hochzinsunternehmensanlei- hen, verbrieften Papieren und Schwellenländeranleihen kam der Performance zugute, da sich die Kreditrisikoprä- mien verengten. Im Währungsbereich zahlte sich unsere Präferenz für Schwellenländerwährungen aus, da sich diese von den Turbulenzen im 1. Quartal 2020 erholten. Wir verfolgen nach wie vor eine diversifizierte Strategie mit Long-Positionen an Märkten, die attraktive Rendite- vorteile und Spielraum für eine geldpolitische Lockerung bieten, sowie Engagements in inflationsgeschützten Anleihen von Ländern, in denen der Inflationsschutz unserer Meinung nach günstig ist. Ausserdem halten wir einen diversifizierten Korb von Schwellenländeranlei- hen, bei denen wir attraktive risikobereinigte Zinsvorteile erkennen, sowie eine selektive Allokation in Investment- Grade- und Hochzins-Unternehmensanleihen, die weiter- hin von den Wertpapierkaufprogrammen verschiedener Zentralbanken profitieren.

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
Vereinigte Staaten	29.22
Neuseeland	14.16
Mexiko	4.18
Grossbritannien	3.82
Irland	3.82
Russische Föderation (GUS)	3.49
Italien	2.67
Spanien	2.66
Slowenien	2.16
Südafrika	2.06
Geographische Aufteilung in % des Nettovermögens (Cont.)	
| Luxemburg | 2.05 |
| --- | --- |
| Japan | 2.02 |
| China | 1.70 |
| Niederlande | 1.55 |
| Frankreich | 1.55 |
| Deutschland | 1.28 |
| Brasilien | 0.80 |
| Kanada | 0.69 |
| Australien | 0.68 |
| Rumänien | 0.53 |
| Cayman-Inseln | 0.51 |
| Ukraine | 0.49 |
| Indien | 0.44 |
| Saudiarabia | 0.42 |
| Peru | 0.42 |
| Schweiz | 0.41 |
| Dänemark | 0.39 |
| Chile | 0.36 |
| Türkei | 0.34 |
| Norwegen | 0.32 |
| Griechenland | 0.31 |
| Marokko | 0.28 |
| Schweden | 0.27 |
| Kasachstan | 0.27 |
| Indonesien | 0.27 |
| Ghana | 0.27 |
| Finnland | 0.24 |
| Kolumbien | 0.24 |
| Guatemala | 0.23 |
| Costarica | 0.22 |
| Thailand | 0.22 |
| Uruguay | 0.19 |
| Philippinen | 0.18 |
| Mongolei | 0.18 |
| Bermuda | 0.17 |
| Ägypten | 0.16 |
| Oman | 0.14 |
| Nigeria | 0.12 |
| Kenia | 0.12 |
| Hongkong | 0.11 |
| Britische Jungferninseln | 0.11 |
| Singapur | 0.10 |
| Polen | 0.09 |
| Ecuador | 0.08 |
| Belgien | 0.08 |
| Malaysia | 0.08 |
| Sri Lanka | 0.07 |
| Argentinien | 0.06 |
| Jersey | 0.06 |
| Total | 90.11 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Länder- & Zentralregierungen | 56.42 |
| --- | --- |
| Finanz- & Beteiligungsgesellschaften | 6.01 |
| Pfandbriefinstitute & Refinanzierungsgesellschaften | 5.24 |
| Banken & Kreditinstitute | 4.59 |
| Anlagefonds | 4.02 |
| Telekommunikation | 1.56 |
| Erdöl | 1.35 |
| Energie- & Wasserversorgung | 1.19 |
| Fahrzeuge | 1.09 |
| Verkehr & Transport | 1.05 |
| Diverse nicht klassierte Gesellschaften | 0.89 |
| Immobilien | 0.77 |
| Detailhandel, Warenhäuser | 0.68 |
| Internet, Software & IT-Dienste | 0.66 |
| Diverse Dienstleistungen | 0.58 |
| Kantone, Bundesstaaten | 0.54 |
| Computer & Netzwerkausrüster | 0.53 |
| Versicherungen | 0.48 |
| Maschinen & Apparate | 0.42 |
| Pharmazeutik, Kosmetik & medizinische Produkte | 0.37 |
| Tabak & alkoholische Getränke | 0.26 |
| Gesundheits- & Sozialwesen | 0.26 |
| Textilien, Kleidung & Lederwaren | 0.23 |
| Chemie | 0.20 |
| Flugzeug- & Raumfahrtindustrie | 0.13 |
| Elektrische Geräte & Komponenten | 0.13 |
| Grafisches Gewerbe, Verlage & Medien | 0.12 |
| Nahrungsmittel & Softdrinks | 0.10 |
| Bergbau, Kohle & Stahl | 0.08 |
| Biotechnologie | 0.06 |
| Verpackungsindustrie | 0.04 |
| Gastgewerbe & Freizeit | 0.03 |
| Diverse Konsumgüter | 0.03 |
| Total | 90.11 |

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

## Nettovermögensaufstellung
USD
Wertpapierbestand, Einstandswert	1 203 768 665.33
Wertpapierbestand, nicht realisierte Werterhöhung (-minderung)		46 234 579.66	
Total Wertpapierbestand (Erläuterung 1)	1 250 003 244.99
Bankguthaben, Sicht- und Fristgelder	147 836 649.32*
Andere liquide Mittel (Margins)	21 682 808.89
Forderungen aus Wertpapierverkäufen (Erläuterung 1)	1 063 364.25
Forderungen aus Zeichnungen	3 589 663.01
Zinsforderungen aus Wertpapieren	10 255 702.37
Zinsforderungen aus liquiden Mitteln	14 115.07
Forderungen aus Dividenden	1 405.61
Sonstige Forderungen	128 215.80
Nicht realisierter Kursgewinn aus Finanzterminkontrakten (Erläuterung 1)	2 619 490.18
Nicht realisierter Kursgewinn aus Swaps (Erläuterung 1)	1 450 956.79
Nicht realisierter Kursverlust aus Devisenterminkontrakten (Erläuterung 1)	-18 832 304.61
Kontokorrentkredit	-23 525 719.93
Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1)	-5 969 489.84
Verbindlichkeiten aus Rücknahmen	-1 341 420.05
Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2)	-1 508 658.37
Rückstellungen für Abonnementsabgabe (Erläuterung 3)	-90 064.28
Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2)		-104 010.21		 Total Rückstellungen für Aufwendungen			-1 702 732.86

## Ertrags- und Aufwandsrechnung
USD
Zinsertrag auf liquide Mittel	197 911.83
Zinsen auf Wertpapiere	36 887 158.69
Dividenden	40 489.77
Zinsertrag auf Swaps (Erläuterung 1)	18 587 727.10
Erträge aus Securities Lending (Erläuterung 16)	490 393.75
Sonstige Erträge (Erläuterung 4)	1 336 918.35
Zinsaufwand auf Swaps (Erläuterung 1)	-17 104 223.05
Pauschale Verwaltungskommission (Erläuterung 2)	-10 939 305.34
Abonnementsabgabe (Erläuterung 3)	-488 615.07
Kosten aus Securities Lending (Erläuterung 16)	-196 157.50
Sonstige Kommissionen und Gebühren (Erläuterung 2)	-101 568.92
Zinsaufwand auf liquide Mittel und Kontokorrentkredit	-363 640.25
Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen	14 941 176.22
Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten	9 992 160.06
Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten	-1 362 239.95
Realisierter Kursgewinn (-verlust) aus Swaps	21 258 685.17
Realisierter Währungsgewinn (-verlust)	26 361 276.39
Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen	50 466 067.81
Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente	105 089.00
Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten	2 936 646.81
Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten	-29 993 811.12
Nicht realisierte Werterhöhung (-minderung) von Swaps	-1 100 005.59
* Zum 31. Mai 2021 wurden gegenüber Bank of America Bankguthaben in Höhe von USD 1 030 000.00, Citibank Bankguthaben in Höhe von USD 580 000.00, Goldman Sachs in Höhe von USD 690 000.00, HSBC Bank Bankguthaben in Höhe von USD 400 000.00 und JP Morgan Bankguthaben in Höhe von USD 164 000.00 als Sicherheit eingesetzt.
UBS (Lux) Bond SICAV – Global Dynamic (USD)
Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
| Veränderung des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.6.2020-31.5.2021 |
| Nettovermögen zu Beginn des Geschäftsjahres | 976 416 981.44 |
| Zeichnungen | 749 328 895.25 |
| Rücknahmen | 	-458 038 276.98	 |
| Total Mittelzufluss (-abfluss) | 291 290 618.27 |
| Ausbezahlte Dividende | -2 385 784.88 |
| Nettoerträge (-verluste) aus Anlagen | 28 347 089.36 |
| Total der realisierten Gewinne (Verluste) | 71 191 057.89 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	22 413 986.91	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 121 952 134.16 |
| Nettovermögen am Ende des Geschäftsjahres | 1 387 273 948.99 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2020-31.5.2021 |
| Klasse | (EUR hedged) I-A1-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 750 514.6690 |
| Anzahl der ausgegebenen Aktien | 641 898.3860 |
| Anzahl der zurückgegebenen Aktien | -695 692.5390 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 696 720.5160 |
| Klasse | I-A2-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 1 005 778.9690 |
| Anzahl der zurückgegebenen Aktien | -21 058.6780 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 984 720.2910 |
| Klasse | (EUR hedged) I-A3-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 100.0000 |
| Anzahl der ausgegebenen Aktien | 47 410.0530 |
| Anzahl der zurückgegebenen Aktien | -4 252.7750 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 43 257.2780 |
| Klasse | I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 296 962.0930 |
| Anzahl der zurückgegebenen Aktien | -157.8230 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 296 804.2700 |
| Klasse | (EUR hedged) I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 65 363.4740 |
| Anzahl der ausgegebenen Aktien | 433 813.7880 |
| Anzahl der zurückgegebenen Aktien | -88 771.7860 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 410 405.4760 |
| Klasse | I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 228 147.7250 |
| Anzahl der ausgegebenen Aktien | 240 418.6070 |
| Anzahl der zurückgegebenen Aktien | -90 008.1310 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 378 558.2010 |
| Klasse | (CHF hedged) I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 373 152.3150 |
| Anzahl der ausgegebenen Aktien | 249 311.1630 |
| Anzahl der zurückgegebenen Aktien | -110 469.9720 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 511 993.5060 |
| Klasse | (EUR hedged) I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 118 155.3140 |
| Anzahl der ausgegebenen Aktien | 3 958.3720 |
| Anzahl der zurückgegebenen Aktien | -888.4780 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 121 225.2080 |
| Klasse | K-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 326 900.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 326 900.0000 |
| Klasse | K-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 164 788.8360 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 164 788.8360 |
| Klasse | K-X-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 120 329.3350 |
| Anzahl der ausgegebenen Aktien | 28 763.7600 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 149 093.0950 |

UBS (Lux) Bond SICAV – Global Dynamic (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
| Klasse | P-4%-mdist |
| --- | --- |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 28 513.8550 |
| Anzahl der ausgegebenen Aktien | 18 510.7120 |
| Anzahl der zurückgegebenen Aktien | -3 108.4860 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 43 916.0810 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 463 352.5420 |
| Anzahl der ausgegebenen Aktien | 303 020.4450 |
| Anzahl der zurückgegebenen Aktien | -117 104.2380 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 649 268.7490 |
| Klasse | (CHF hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 172 184.7300 |
| Anzahl der ausgegebenen Aktien | 14 792.2040 |
| Anzahl der zurückgegebenen Aktien | -62 206.5910 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 124 770.3430 |
| Klasse | (EUR hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 1 889 095.6090 |
| Anzahl der ausgegebenen Aktien | 1 469 138.7700 |
| Anzahl der zurückgegebenen Aktien | -565 533.5530 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 2 792 700.8260 |
| Klasse | P-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 53 032.5600 |
| Anzahl der ausgegebenen Aktien | 18 701.1280 |
| Anzahl der zurückgegebenen Aktien | -27 497.1630 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 44 236.5250 |
| Klasse | (CHF hedged) P-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 38 388.7570 |
| Anzahl der ausgegebenen Aktien | 8 726.2300 |
| Anzahl der zurückgegebenen Aktien | -6 550.0890 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 40 564.8980 |
| Klasse | (EUR hedged) P-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 120 348.3040 |
| Anzahl der ausgegebenen Aktien | 46 078.1360 |
| Anzahl der zurückgegebenen Aktien | -20 655.1170 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 145 771.3230 |
| Klasse | Q-4%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 108 504.5660 |
| Anzahl der ausgegebenen Aktien | 108 538.2340 |
| Anzahl der zurückgegebenen Aktien | -88 938.0370 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 128 104.7630 |
| Klasse | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 765 938.7300 |
| Anzahl der ausgegebenen Aktien | 372 113.7210 |
| Anzahl der zurückgegebenen Aktien | -154 160.7180 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 983 891.7330 |
| Klasse | (CHF hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 463 749.4170 |
| Anzahl der ausgegebenen Aktien | 76 367.9420 |
| Anzahl der zurückgegebenen Aktien | -65 535.0160 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 474 582.3430 |
| Klasse | (EUR hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 1 775 888.0570 |
| Anzahl der ausgegebenen Aktien | 327 434.4310 |
| Anzahl der zurückgegebenen Aktien | -1 258 062.4010 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 845 260.0870 |
| Klasse | Q-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 240 782.2450 |
| Anzahl der ausgegebenen Aktien | 103 683.2080 |
| Anzahl der zurückgegebenen Aktien | -108 788.0970 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 235 677.3560 |
| Klasse | (CHF hedged) Q-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 177 472.1870 |
| Anzahl der ausgegebenen Aktien | 31 483.4930 |
| Anzahl der zurückgegebenen Aktien | -55 304.0120 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 153 651.6680 |
| Klasse | (EUR hedged) Q-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 87 628.7250 |
| Anzahl der ausgegebenen Aktien | 31 343.6890 |
| Anzahl der zurückgegebenen Aktien | -50 197.8620 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 68 774.5520 |

UBS (Lux) Bond SICAV – Global Dynamic (USD)
Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
| Jährliche Ausschüttung 1 |  |
| --- | --- |
| UBS (Lux) Bond SICAV – Global Dynamic (USD) | Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| K-X-dist | 3.8.2020 | 6.8.2020 | USD | 2.35 |
| P-dist | 3.8.2020 | 6.8.2020 | USD | 1.73 |
| (CHF hedged) P-dist | 3.8.2020 | 6.8.2020 | CHF | 1.33 |
| (EUR hedged) P-dist | 3.8.2020 | 6.8.2020 | EUR | 1.50 |
| Q-dist | 3.8.2020 | 6.8.2020 | USD | 1.91 |
| (CHF hedged) Q-dist | 3.8.2020 | 6.8.2020 | CHF | 2.02 |
| (EUR hedged) Q-dist | 3.8.2020 | 6.8.2020 | EUR | 2.50 |
| Monatliche Ausschüttung 1 |  |  |  |  |
| UBS (Lux) Bond SICAV – Global Dynamic (USD) | Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| P-4%-mdist | 10.6.2020 | 15.6.2020 | USD | 0.33 |
| P-4%-mdist | 10.7.2020 | 15.7.2020 | USD | 0.33 |
| P-4%-mdist | 10.8.2020 | 13.8.2020 | USD | 0.33 |
| P-4%-mdist | 10.9.2020 | 15.9.2020 | USD | 0.33 |
| P-4%-mdist | 12.10.2020 | 15.10.2020 | USD | 0.33 |
| P-4%-mdist | 10.11.2020 | 13.11.2020 | USD | 0.33 |
| P-4%-mdist | 10.12.2020 | 15.12.2020 | USD | 0.33 |
| P-4%-mdist | 11.1.2021 | 14.1.2021 | USD | 0.34 |
| P-4%-mdist | 10.2.2021 | 16.2.2021 | USD | 0.33 |
| P-4%-mdist | 10.3.2021 | 15.3.2021 | USD | 0.33 |
| P-4%-mdist | 12.4.2021 | 15.4.2021 | USD | 0.33 |
| P-4%-mdist | 10.5.2021 | 13.5.2021 | USD | 0.33 |
| Q-4%-mdist | 10.6.2020 | 15.6.2020 | USD | 0.32 |
| Q-4%-mdist | 10.7.2020 | 15.7.2020 | USD | 0.32 |
| Q-4%-mdist | 10.8.2020 | 13.8.2020 | USD | 0.33 |
| Q-4%-mdist | 10.9.2020 | 15.9.2020 | USD | 0.33 |
| Q-4%-mdist | 12.10.2020 | 15.10.2020 | USD | 0.33 |
| Q-4%-mdist | 10.11.2020 | 13.11.2020 | USD | 0.33 |
| Q-4%-mdist | 10.12.2020 | 15.12.2020 | USD | 0.33 |
| Q-4%-mdist | 11.1.2021 | 14.1.2021 | USD | 0.34 |
| Q-4%-mdist | 10.2.2021 | 16.2.2021 | USD | 0.34 |
| Q-4%-mdist | 10.3.2021 | 15.3.2021 | USD | 0.33 |
| Q-4%-mdist | 12.4.2021 | 15.4.2021 | USD | 0.33 |
| Q-4%-mdist | 10.5.2021 | 13.5.2021 | USD | 0.33 |
| 1  Siehe Erläuterung 5 |  |  |  |  |

UBS (Lux) Bond SICAV – Global Dynamic (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 |  |  |  |
| BRL |  |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 10.00000% 16-01.01.27 | 10 250.00 | 2 074 091.41 | 0.15 |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 10.00000% 20-01.01.31 | 29 150.00 | 5 845 561.34 | 0.42 |
| Total BRL |  | 7 919 652.75 | 0.57 |
| CAD |  |  |  |
| CAD	QUEBEC, PROVINCE OF 2.30000% 19-01.09.29 | 2 500 000.00 | 2 142 786.20 | 0.16 |
| Total CAD |  | 2 142 786.20 | 0.16 |
| EUR |  |  |  |
| EUR	ALTICE FINCO SA-REG-S 4.75000% 17-15.01.28 | 1 000 000.00 | 1 198 233.68 | 0.09 |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 8.00000% 19-15.05.27 | 1 925 000.00 | 2 532 409.05 | 0.18 |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 4.00000% 20-15.02.28 | 2 020 000.00 | 2 386 448.23 | 0.17 |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 2 240 000.00 | 2 915 077.74 | 0.21 |
| EUR	ARD FINANCE SA-REG-S (PIK) 5.00000% 19-30.06.27 | 3 000 000.00 | 3 746 040.65 | 0.27 |
| EUR	BACARDI LTD-REG-S 2.75000% 13-03.07.23 | 200 000.00 | 256 712.48 | 0.02 |
| EUR	BP CAPITAL MARKETS BV-REG-S 0.93300% 20-04.12.40 | 790 000.00 | 884 679.24 | 0.06 |
| EUR	CASINO GUICHARD PERRACHON SA-REG-S 6.62500% 20-15.01.26 | 2 700 000.00 | 3 495 097.86 | 0.25 |
| EUR	CHINA, PEOPLE’S REPUBLIC OF-REG-S 1.00000% 19-12.11.39 | 1 610 000.00 | 1 929 466.25 | 0.14 |
| EUR	DKT FINANCE APS-REG-S 7.00000% 18-17.06.23 | 3 700 000.00 | 4 605 233.49 | 0.33 |
| EUR	EG GLOBAL FINANCE PLC-REG-S 6.25000% 19-30.10.25 | 500 000.00 | 621 271.26 | 0.04 |
| EUR	FISERV INC 1.62500% 19-01.07.30 | 495 000.00 | 646 036.92 | 0.05 |
| EUR	FORD MOTOR CREDIT CO LLC 1.51400% 19-17.02.23 | 235 000.00 | 289 765.00 | 0.02 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 3.37500% 20-27.03.25 | 710 000.00 | 972 980.47 | 0.07 |
| EUR	INTERNATIONAL GAME TECHNOLOGY PLC-REG-S 2.37500% 19-15.04.28 | 520 000.00 | 623 840.64 | 0.05 |
| EUR	JAGUAR LAND ROVER AUTOMOTIVE PLC-REG-S 4.50000% 18-15.01.26 | 1 700 000.00 | 2 170 034.05 | 0.16 |
| EUR	LOXAM SAS-REG-S 3.75000% 19-15.07.26 | 700 000.00 | 871 003.63 | 0.06 |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.12500% 20-11.02.28 | 1 300 000.00 | 1 598 034.36 | 0.12 |
| EUR	LVMH MOET HENNESSY LOUIS VUITTON-REG-S 0.37500% 20-11.02.31 | 1 100 000.00 | 1 353 872.14 | 0.10 |
| EUR	NATIONAL GRID ELECTRICITY TRANS-REG-S 0.19000% 20-20.01.25 | 535 000.00 | 657 643.44 | 0.05 |
| EUR	SOFTBANK GROUP CORP-REG-S 5.00000% 18-15.04.28 | 1 200 000.00 | 1 666 157.77 | 0.12 |
| EUR	STELLANTIS NV-REG-S 4.50000% 20-07.07.28 | 2 050 000.00 | 3 101 740.30 | 0.22 |
| EUR	TELE COLUMBUS AG-REG-S 3.87500% 18-02.05.25 | 2 870 000.00 | 3 581 452.43 | 0.26 |
| EUR	TEVA PHARMACEUTICAL FINANCE II BV 4.50000% 18-01.03.25 | 1 500 000.00 | 1 916 847.75 | 0.14 |
| EUR	TRITAX EUROBOX PLC-REG-S 0.95000% 21-02.06.26 | 760 000.00 | 923 794.15 | 0.07 |
| EUR	UKRAINE, GOVERNMENT OF-REG-S 4.37500% 20-27.01.30 | 2 600 000.00 | 2 973 851.60 | 0.21 |
| EUR	UNILABS SUBHOLDING AB-REG-S 5.75000% 17-15.05.25 | 1 750 000.00 | 2 171 732.06 | 0.16 |
| EUR	VANTAGE TOWERS AG-REG-S 0.37500% 21-31.03.27 | 1 400 000.00 | 1 699 728.03 | 0.12 |
| EUR	VERISURE MIDHOLDING AB-REG-S 5.25000% 21-15.02.29 | 715 000.00 | 900 420.59 | 0.06 |
| Total EUR |  | 52 689 605.26 | 3.80 |
| GBP |  |  |  |
| GBP	CPUK FINANCE LTD-REG-S 4.50000% 21-28.08.27 | 530 000.00 | 757 488.04 | 0.05 |
| GBP	VIRGIN MEDIA SECURED FINANCE PLC-REG-S 5.25000% 19-15.05.29 | 1 000 000.00 | 1 504 444.53 | 0.11 |
| Total GBP |  | 2 261 932.57 | 0.16 |
| USD |  |  |  |
| USD	3M CO 2.65000% 20-15.04.25 | 355 000.00 | 379 676.21 | 0.03 |
| USD	ABBOTT LABORATORIES 4.90000% 16-30.11.46 | 120 000.00 | 157 929.62 | 0.01 |
| USD	ABBVIE INC 4.25000% 18-14.11.28 | 300 000.00 | 345 510.55 | 0.02 |
| USD	ABBVIE INC 4.87500% 18-14.11.48 | 180 000.00 | 224 346.63 | 0.02 |
| USD	ADOBE INC 2.15000% 20-01.02.27 | 380 000.00 | 399 146.88 | 0.03 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.50000% 20-15.09.23 | 240 000.00 | 257 833.70 | 0.02 |
| USD	AERCAP IRELAND CAP/ GLBL AVIATION TRUST 6.50000% 20-15.07.25 | 310 000.00 | 363 162.68 | 0.03 |
| USD	AIR PRODUCTS & CHEMICALS INC 2.05000% 20-15.05.30 | 345 000.00 | 345 699.80 | 0.02 |
| USD	ALIBABA GROUP HOLDING LTD 3.40000% 17-06.12.27 | 400 000.00 | 436 388.00 | 0.03 |
| USD	ALTRIA GROUP INC 4.40000% 19-14.02.26 | 55 000.00 | 62 447.04 | 0.00 |
| USD	ALTRIA GROUP INC 4.80000% 19-14.02.29 | 56 000.00 | 64 121.08 | 0.00 |
| USD	AMERICAN EXPRESS CO 3.40000% 18-27.02.23 | 750 000.00 | 788 278.73 | 0.06 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.15000% 19-23.01.25 | 80 000.00 | 89 355.02 | 0.01 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.75000% 19-23.01.29 | 125 000.00 | 147 379.39 | 0.01 |
| USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.50000% 20-01.06.50 | 730 000.00 | 837 522.70 | 0.06 |
| USD	ANTHEM INC 3.65000% 17-01.12.27 | 150 000.00 | 167 169.11 | 0.01 |
| USD	APPLE INC 1.80000% 19-11.09.24 | 165 000.00 | 172 101.02 | 0.01 |
| USD	APT PIPELINES LTD-REG-S 4.20000% 15-23.03.25 | 1 000 000.00 | 1 099 412.20 | 0.08 |
| USD	ARGENTINA, REPUBLIC OF STEP-UP 20-09.07.35 | 970 000.00 | 319 069.38 | 0.02 |
| USD	ARGENTINA, REPUBLIC OF STEP-UP 20-09.01.38 | 210 305.00 | 82 912.75 | 0.01 |
| USD	ARGENTINA, REPUBLIC OF 1.00000% 20-09.07.29 | 55 703.00 | 21 612.77 | 0.00 |
| USD	AT&T INC 4.35000% 19-01.03.29 | 800 000.00 | 915 036.98 | 0.07 |
| USD	AT&T INC 4.75000% 15-15.05.46 | 200 000.00 | 233 656.11 | 0.02 |
| USD	BOEING CO/THE 2.19600% 21-04.02.26 | 1 230 000.00 | 1 235 259.06 | 0.09 |
| USD	BRISTOL MYERS SQUIBB CO 4.25000% 20-26.10.49 | 1 040 000.00 | 1 245 321.83 | 0.09 |
| USD	BRISTOL-MYERS SQUIBB CO 2.60000% 20-16.05.22 | 235 000.00 | 240 480.95 | 0.02 |
| USD	CANADIAN NATURAL RESOURCES LTD 3.85000% 17-01.06.27 | 400 000.00 | 442 060.32 | 0.03 |
| USD	CHEVRON USA INC 3.85000% 21-15.01.28 | 250 000.00 | 285 058.92 | 0.02 |
| USD	CHILE, REPUBLIC OF 3.12500% 14-27.03.25 | 4 000 000.00 | 4 292 000.00 | 0.31 |
| USD	CHILE, REPUBLIC OF 3.86000% 17-21.06.47 | 600 000.00 | 641 175.00 | 0.05 |
| USD	CIGNA CORP 2.40000% 20-15.03.30 | 715 000.00 | 721 317.41 | 0.05 |
| USD	CIGNA CORP 4.37500% 19-15.10.28 | 170 000.00 | 196 147.36 | 0.01 |
| USD	CIGNA CORP 4.90000% 19-15.12.48 | 50 000.00 | 62 289.79 | 0.00 |
| USD	CITIGROUP INC 4.65000% 18-23.07.48 | 100 000.00 | 125 126.51 | 0.01 |
| USD	CNOOC PETROLEUM NORTH AMERICA ULC 6.40000% 07-15.05.37 | 575 000.00 | 753 717.19 | 0.05 |
| USD	CNPC GENERAL CAPITAL LTD-REG-S 3.40000% 13-16.04.23 | 700 000.00 | 733 381.25 | 0.05 |
| USD	COCA-COLA FEMSA SA 2.75000% 20-22.01.30 | 565 000.00 | 579 584.07 | 0.04 |
| USD	COLOMBIA, REPUBLIC OF 5.20000% 19-15.05.49 | 1 000 000.00 | 1 060 500.00 | 0.08 |
| USD	COMCAST CORP 3.95000% 18-15.10.25 | 95 000.00 | 106 648.93 | 0.01 |
| USD	COMCAST CORP 4.15000% 18-15.10.28 | 700 000.00 | 806 922.02 | 0.06 |

UBS (Lux) Bond SICAV – Global Dynamic (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 | COMCAST CORP 4.70000% 18-15.10.48 | 100 000.00 | 123 862.26 | 0.01 |
| USD | CONAGRA BRANDS INC 5.40000% 18-01.11.48 | 185 000.00 | 238 471.95 | 0.02 |
| USD | COSTA RICA, REPUBLIC OF-REG-S 4.25000% 12-26.01.23 | 2 000 000.00 | 2 032 875.01 | 0.15 |
| USD | COSTA RICA, REPUBLIC OF-REG-S 7.15800% 15-12.03.45 | 1 000 000.00 | 1 052 062.50 | 0.08 |
| USD | CREDIT SUISSE GROUP AG-144A 4.28200% 17-09.01.28 | 250 000.00 | 278 009.03 | 0.02 |
| USD | CVS HEALTH CORP 2.62500% 19-15.08.24 | 560 000.00 | 594 574.17 | 0.04 |
| USD | CVS HEALTH CORP 4.30000% 18-25.03.28 | 175 000.00 | 200 528.49 | 0.01 |
| USD | DIAMONDBACK ENERGY INC 3.25000% 19-01.12.26 | 255 000.00 | 274 466.77 | 0.02 |
| USD | DISCOVERY COMMUNICATIONS LLC 5.30000% 19-15.05.49 | 500 000.00 | 594 885.12 | 0.04 |
| USD | ECUADOR GOVT INTERNATIONAL BD-REG-S STEP-UP/DOWN 20-31.07.35 | 802 386.00 | 560 667.22 | 0.04 |
| USD | ECUADOR, REPUBLIC OF-REG-S STEP-UP 0.50000% 20-31.07.30 | 306 180.00 | 264 845.70 | 0.02 |
| USD | ECUADOR, REPUBLIC OF-REG-S STEP-UP 20-31.07.40 | 367 740.00 | 232 710.47 | 0.02 |
| USD | ENABLE MIDSTREAM PARTNERS LP 3.90000% 15-15.05.24 | 400 000.00 | 428 004.08 | 0.03 |
| USD | ENERGY TRANSFER LP 4.50000% 19-15.04.24 | 340 000.00 | 372 562.06 | 0.03 |
| USD | ENERGY TRANSFER LP 6.00000% 18-15.06.48 | 700 000.00 | 847 078.32 | 0.06 |
| USD | EQT CORP 3.90000% 17-01.10.27 | 2 340 000.00 | 2 498 886.00 | 0.18 |
| USD | FIRSTENERGY CORP 2.25000% 20-01.09.30 | 585 000.00 | 548 437.50 | 0.04 |
| USD | FISERV INC 3.20000% 19-01.07.26 | 620 000.00 | 673 996.52 | 0.05 |
| USD | FOMENTO ECONOMICO MEXIC SAB DE CV 3.50000% 20-16.01.50 | 760 000.00 | 766 289.00 | 0.05 |
| USD | FORD MOTOR CO 8.50000% 20-21.04.23 | 235 000.00 | 262 318.75 | 0.02 |
| USD | FORD MOTOR CO 9.00000% 20-22.04.25 | 3 865 000.00 | 4 722 141.05 | 0.34 |
| USD | GE CAPITAL INTL FUNDING CO 4.41800% 16-15.11.35 | 400 000.00 | 465 017.43 | 0.03 |
| USD | GENERAL MOTORS CO 6.12500% 20-01.10.25 | 705 000.00 | 838 086.21 | 0.06 |
| USD | GENERAL MOTORS FINANCIAL CO 4.35000% 18-09.04.25 | 300 000.00 | 333 791.00 | 0.02 |
| USD | GEORGIA POWER CO 2.10000% 20-30.07.23 | 480 000.00 | 497 380.80 | 0.04 |
| USD | GHANA GOVT INTNL BOND-REG-S 6.37500% 20-11.02.27 | 3 700 000.00 | 3 723 818.75 | 0.27 |
| USD | GILEAD SCIENCES INC 4.75000% 15-01.03.46 | 700 000.00 | 850 813.22 | 0.06 |
| USD | GOLDMAN SACHS GROUP INC 3.50000% 20-01.04.25 | 1 100 000.00 | 1 199 293.18 | 0.09 |
| USD | GUATEMALA, REPUBLIC OF-REG-S 5.75000% 12-06.06.22 | 500 000.00 | 522 281.25 | 0.04 |
| USD | GUATEMALA, REPUBLIC OF-REG-S 4.37500% 17-05.06.27 | 2 500 000.00 | 2 712 968.75 | 0.20 |
| USD | HARTFORD FINANCIAL SERVICES GROUP INC 4.40000% 18-15.03.48 | 155 000.00 | 182 511.27 | 0.01 |
| USD | HSBC HOLDINGS PLC 4.95000% 20-31.03.30 | 310 000.00 | 367 352.23 | 0.03 |
| USD | INDONESIA, REPUBLIC OF-REG-S 5.25000% 12-17.01.42 | 2 000 000.00 | 2 434 750.00 | 0.18 |
| USD | INTERNATIONAL BUSINESS MACHINES CORP 2.85000% 19-13.05.22 | 1 310 000.00 | 1 343 295.03 | 0.10 |
| USD | INTERNATIONAL BUSINESS MACHINES CORP 3.30000% 19-15.05.26 | 750 000.00 | 825 447.51 | 0.06 |
| USD | JPMORGAN CHASE & CO 3.20000% 13-25.01.23 | 500 000.00 | 524 502.65 | 0.04 |
| USD | KENYA, REPUBLIC OF-REG-S 8.25000% 18-28.02.48 | 1 550 000.00 | 1 712 556.25 | 0.12 |
| USD | MEITUAN DIANPING-REG-S 3.05000% 20-28.10.30 | 3 600 000.00 | 3 478 608.00 | 0.25 |
| USD | MEXICHEM SAB DE CV-REG-S 4.00000% 17-04.10.27 | 200 000.00 | 218 725.00 | 0.02 |
| USD | MEXICHEM SAB DE CV-REG-S 5.50000% 17-15.01.48 | 200 000.00 | 228 225.00 | 0.02 |
| USD | MICROSOFT CORP 2.92100% 21-17.03.52 | 200 000.00 | 200 177.28 | 0.01 |
| USD | MPLX LP 5.20000% 17-01.03.47 | 250 000.00 | 294 336.20 | 0.02 |
| USD | NATWEST GROUP PLC 3.87500% 16-12.09.23 | 200 000.00 | 214 724.00 | 0.02 |
| USD | NEPTUNE ENERGY BONDCO PLC-REG-S 6.62500% 18-15.05.25 | 3 250 000.00 | 3 326 440.00 | 0.24 |
| USD | NIGERIA, FEDERAL REPUBLIC OF-REG-S 9.24800% 18-21.01.49 | 1 500 000.00 | 1 723 875.00 | 0.12 |
| USD | NIKE INC 2.40000% 20-27.03.25 | 165 000.00 | 174 963.55 | 0.01 |
| USD | NOMURA HOLDINGS INC 2.67900% 20-16.07.30 | 255 000.00 | 254 614.49 | 0.02 |
| USD | OCP SA-REG-S 5.62500% 14-25.04.24 | 500 000.00 | 545 093.75 | 0.04 |
| USD | OMAN GOVT INTERNATIONAL BOND-REG-S 6.75000% 18-17.01.48 | 2 040 000.00 | 1 987 470.00 | 0.14 |
| USD | PAYPAL HOLDINGS INC 2.65000% 19-01.10.26 | 295 000.00 | 315 544.17 | 0.02 |
| USD | PEGASUS HAVA TASIMACILIGI AS-REG-S 9.25000% 21-30.04.26 | 1 315 000.00 | 1 351 162.50 | 0.10 |
| USD | PERTAMINA PT-REG-S 4.875000% 12-03.05.22 | 700 000.00 | 726 162.50 | 0.05 |
| USD | PETROBRAS GLOBAL FINANCE BV1 5.09300% 20-15.01.30 | 2 661 000.00 | 2 849 931.00 | 0.21 |
| USD | PETROLEOS MEXICANOS 6.37500% 14-23.01.45 | 2 700 000.00 | 2 315 756.24 | 0.17 |
| USD | PETROLEOS MEXICANOS 6.84000% 20-23.01.30 | 530 000.00 | 547 961.70 | 0.04 |
| USD | PHILIP MORRIS INTERNATIONAL INC 1.50000% 20-01.05.25 | 490 000.00 | 501 045.14 | 0.04 |
| USD | PHILIPPINES, REPUBLIC OF THE 2.45700% 20-05.05.30 | 2 435 000.00 | 2 523 536.60 | 0.18 |
| USD | PHILLIPS 66 PARTNERS LP 4.68000% 15-15.02.45 | 500 000.00 | 551 410.66 | 0.04 |
| USD | PLAINS ALL AMERICAN PIPELINE LP 3.80000% 20-15.09.30 | 495 000.00 | 520 825.76 | 0.04 |
| USD | REYNOLDS AMERICAN INC 5.70000% 15-15.08.35 | 400 000.00 | 472 464.92 | 0.03 |
| USD | ROPER TECHNOLOGIES INC 2.00000% 20-30.06.30 | 930 000.00 | 899 476.23 | 0.06 |
| USD | ROPER TECHNOLOGIES INC 1.00000% 20-15.09.25 | 680 000.00 | 678 265.32 | 0.05 |
| USD | SANDS CHINA LTD 4.37500% 21-18.06.30 | 415 000.00 | 447 050.45 | 0.03 |
| USD | SANTOS FINANCE LTD-REG-S 3.64900% 21-29.04.31 | 1 540 000.00 | 1 547 007.46 | 0.11 |
| USD | SAUDI ARABIAN OIL CO-REG-S 1.62500% 20-24.11.25 | 420 000.00 | 425 250.00 | 0.03 |
| USD | SHIMAO PROPERTY HOLDINGS LTD-REG-S 4.60000% 20-13.07.30 | 200 000.00 | 208 250.00 | 0.01 |
| USD | SHIMAO PROPERTY HOLDINGS LTD-REG-S 3.45000% 21-11.01.31 | 725 000.00 | 686 031.25 | 0.05 |
| USD | SINOPEC CAPITAL 2013 LTD-REG-S 3.12500% 13-24.04.23 | 700 000.00 | 728 568.75 | 0.05 |
| USD | SOUTH AFRICA, REPUBLIC OF 4.87500% 16-14.04.26 | 500 000.00 | 542 125.00 | 0.04 |
| USD | SOUTHWEST AIRLINES CO 4.75000% 20-04.05.23 | 345 000.00 | 371 989.02 | 0.03 |
| USD | SOUTHWEST AIRLINES CO 5.12500% 20-15.06.27 | 490 000.00 | 573 266.50 | 0.04 |
| USD | SPRINT CORP 7.87500% 14-15.09.23 | 1 000 000.00 | 1 133 110.00 | 0.08 |
| USD | SRI LANKA, DEMOCRATIC REP OF-REG-S 6.20000% 17-11.05.27 | 1 500 000.00 | 1 002 000.00 | 0.07 |
| USD | SUMITOMO MITSUI FIN GP INC-SUB 3.20200% 19-17.09.29 | 320 000.00 | 335 518.72 | 0.02 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 7.00000% 20-09.07.25 | 875 000.00 | 905 625.00 | 0.06 |
| USD | SUNCOR ENERGY INC 3.10000% 20-15.05.25 | 330 000.00 | 355 037.24 | 0.03 |
| USD | SUNCORP-METWAY LTD-REG-S 2.80000% 17-04.05.22 | 150 000.00 | 153 500.69 | 0.01 |
| USD | TRUIST FINANCIAL CORP 2.70000% 16-27.01.22 | 350 000.00 | 355 055.01 | 0.03 |
| USD | TURKEY, REPUBLIC OF 6.87500% 06-17.03.36 | 2 680 000.00 | 2 658 727.51 | 0.19 |
| USD | UKRAINE, GOVERNMENT OF-REG-S 7.37500% 17-25.09.32 | 1 650 000.00 | 1 750 856.25 | 0.13 |
| USD | UKRAINE, GOVERNMENT OF-REG-S 7.25300% 20-15.03.33 | 2 000 000.00 | 2 100 375.01 | 0.15 |
| USD | UNITED RENTALS NORTH AMERICA INC 3.87500% 19-15.11.27 | 1 000 000.00 | 1 051 210.00 | 0.08 |
| USD | UNITED TECHNOLOGIES CORP 3.95000% 18-16.08.25 | 500 000.00 | 558 186.43 | 0.04 |
| USD | URUGUAY, REPUBLIC OF 4.12500% 12-20.11.45 | 2 300 000.00 | 2 637 525.00 | 0.19 |
| USD | VALE OVERSEAS LTD 3.75000% 20-08.07.30 | 405 000.00 | 428 110.31 | 0.03 |
| USD | VEB FINANCE PLC-REG-S LPN 5.94200% 13-21.11.23 | 500 000.00 | 546 500.00 | 0.04 |
| USD | VERIZON COMMUNICATIONS INC 3.37600% 18-15.02.25 | 700 000.00 | 762 946.20 | 0.05 |
| USD | VISTRA OPERATIONS CO LLC-144A 4.37500% 21-01.05.29 | 415 000.00 | 417 421.53 | 0.03 |
| USD | WALT DISNEY CO 1.75000% 19-30.08.24 | 990 000.00 | 1 025 279.89 | 0.07 |
| USD | WESTPAC BANKING CORP-SUB 4.42100% 19-24.07.39 | 325 000.00 | 374 768.74 | 0.03 |
| USD | YPF SA-REG-S 6.95000% 17-21.07.27 | 400 000.00 | 260 825.00 | 0.02 |
| USD | YPF SA-REG-S 7.00000% 17-15.12.47 | 230 000.00 | 136 821.25 | 0.01 |
| Total USD |  |  | 108 918 029.68 | 7.85 |

Total Notes, fester Zins	173 932 006.46	12.54
UBS (Lux) Bond SICAV – Global Dynamic (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) |  |

Notes, Nullcoupon
| USD |  |
| --- | --- |
| USD | ECUADOR, REPUBLIC OF-REG-S 0.00000% 20-31.07.30 | 105 089.00 | 59 145.40 | 0.00 |
| Total USD |  |  | 59 145.40 | 0.00 |
| Total Notes, Nullcoupon |  | 59 145.40 | 0.00 |
| Notes, variabler Zins |  |  |  |
| EUR |  |  |  |
| EUR	ABANCA CORP BANCARIA SA-REG-S-SUB VAR 21-PRP | 400 000.00 | 514 124.32 | 0.04 |
| EUR	ENI SPA-REG-S-SUB 3.375%/VAR 20-PRP | 375 000.00 | 480 446.43 | 0.03 |
| EUR	ING GROUP NV-SUB VAR 03-PRP | 300 000.00 | 357 572.31 | 0.03 |
| EUR	ITALY, REPUBLIC OF-144A-REG-S 2.350%/CPI LINKED 14-15.09.24 | 3 500 000.00 | 5 135 125.21 | 0.37 |
| EUR	RAKUTEN GROUP INC-REG-S-SUB 4.250%VAR 21-PRP | 2 210 000.00 | 2 761 471.48 | 0.20 |
| EUR	WINTERSHALL DEA FINANCE 2BV-REG-S-SUB 3.000%/VAR 21-PRP | 3 400 000.00 | 4 054 581.27 | 0.29 |
| Total EUR |  | 13 303 321.02 | 0.96 |
| GBP |  |  |  |
| GBP	NATWEST GROUP PLC-REG-S-SUB 3.622%/VAR 20-14.08.30 | 1 175 000.00 | 1 780 773.75 | 0.13 |
| Total GBP |  | 1 780 773.75 | 0.13 |
| USD |  |  |  |
| USD	ALLIANZ SE-REG-S-SUB 3.500%/VAR 20-PRP | 800 000.00 | 820 496.00 | 0.06 |
| USD	CORP FINANCIERA DE DESARROL-REG-S-SUB 5.250%/VAR 14-15.07.29 | 500 000.00 | 507 343.75 | 0.04 |
| USD	CREDIT SUISSE GROUP AG-REG-S-SUB 6.250%/VAR 14-PRP | 480 000.00 | 522 000.00 | 0.04 |
| USD	DEUTSCHE BANK AG/NEW YORK NY 2.222%/VAR 20-18.09.24 | 355 000.00 | 365 129.39 | 0.03 |
| USD	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.625%/VAR 14-PRP | 450 000.00 | 481 531.50 | 0.03 |
| USD	JPMORGAN CHASE & CO 2.739%/VAR 19-15.10.30 | 540 000.00 | 559 130.28 | 0.04 |
| USD	JPMORGAN CHASE & CO-SUB 2.956%/VAR 20-13.05.31 | 985 000.00 | 1 022 103.33 | 0.07 |
| USD	LLOYDS BANKING GROUP PLC 3.574%/3M LIBOR+120.5BP 17-07.11.28 | 200 000.00 | 218 237.33 | 0.01 |
| USD	SOCIETE GENERAL SA-REG-S-SUB 7.375%/VAR 18-PRP | 2 000 000.00 | 2 179 540.00 | 0.16 |
| USD	STANDARD CHARTERED PLC-REG-S 3.885%/VAR 18-15.03.24 | 400 000.00 | 421 595.32 | 0.03 |
| USD	WESTPAC BANKING CORP-SUB 4.110%/VAR 19-24.07.34 | 450 000.00 | 488 821.63 | 0.03 |
| Total USD |  | 7 585 928.53 | 0.54 |
| Total Notes, variabler Zins |  | 22 670 023.30 | 1.63 |
| Medium-Term Notes, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	A.P. MOELLER-MAERSK-REG-S 1.75000% 18-16.03.26 | 100 000.00 | 131 161.49 | 0.01 |
| EUR	ABERTIS INFRAESTRUCTURAS SA-REG-S 2.37500% 19-27.09.27 | 1 400 000.00 | 1 881 751.27 | 0.13 |
| EUR	AEROPORTI DI ROMA SPA-REG-S 1.75000% 21-30.07.31 | 1 090 000.00 | 1 324 805.70 | 0.09 |
| EUR	AROUNDTOWN SA-REG-S 2.00000% 18-02.11.26 | 100 000.00 | 131 388.90 | 0.01 |
| EUR	BANCO DE SABADELL SA-REG-S-SUB 2.50000% 21-15.04.31 | 2 000 000.00 | 2 450 826.38 | 0.18 |
| EUR	BANK OF IRELAND GROUP PLC-REG-S 1.37500% 18-29.08.23 | 300 000.00 | 378 185.45 | 0.03 |
| EUR	BPCE SA-REG-S 1.37500% 18-23.03.26 | 100 000.00 | 128 419.74 | 0.01 |
| EUR	CAIXABANK SA-REG-S 0.37500% 20-03.02.25 | 700 000.00 | 863 155.44 | 0.06 |
| EUR	CANAL DE ISABEL II GESTION SA-REG-S 1.68000% 15-26.02.25 | 200 000.00 | 258 323.45 | 0.02 |
| EUR	CELLNEX FINANCE CO SA-REG-S 1.50000% 21-08.06.28 | 2 500 000.00 | 3 038 957.71 | 0.22 |
| EUR	CNH INDUSTRIAL FINANCE EUROPE SA-REG-S 1.87500% 18-19.01.26 | 235 000.00 | 307 464.08 | 0.02 |
| EUR	COMMERZBANK AG-REG-S 0.62500% 19-28.08.24 | 255 000.00 | 318 190.23 | 0.02 |
| EUR	CPI PROPERTY GROUP SA-REG-S 2.75000% 20-12.05.26 | 930 000.00 | 1 236 614.50 | 0.09 |
| EUR	CREDIT AGRICOLE SA LONDON-REG-S 1.37500% 18-13.03.25 | 200 000.00 | 255 772.66 | 0.02 |
| EUR	DAIMLER AG-REG-S 2.00000% 20-22.08.26 | 690 000.00 | 925 587.01 | 0.07 |
| EUR	DANSKE BANK AS-REG-S 1.37500% 19-24.05.22 | 255 000.00 | 316 753.70 | 0.02 |
| EUR	DANSKE BANK AS-REG-S-SUB 1.50000% 20-02.09.30 | 285 000.00 | 355 871.07 | 0.03 |
| EUR	DEUTSCHE BANK AG-REG-S 1.12500% 18-30.08.23 | 340 000.00 | 427 129.45 | 0.03 |
| EUR	DNB BANK ASA-REG-S 0.05000% 19-14.11.23 | 1 200 000.00 | 1 477 332.88 | 0.11 |
| EUR	EDP FINANCE BV-REG-S 2.00000% 15-22.04.25 | 400 000.00 | 526 443.75 | 0.04 |
| EUR	EDP FINANCE BV-REG-S 1.50000% 17-22.11.27 | 460 000.00 | 603 267.94 | 0.04 |
| EUR	ELECTRICITE DE FRANCE-REG-S 2.00000% 19-09.12.49 | 300 000.00 | 385 112.74 | 0.03 |
| EUR	ELENIA VERKKO OYJ-REG-S 0.37500% 20-06.02.27 | 445 000.00 | 544 786.55 | 0.04 |
| EUR	ELIA TRANSMISSION BELGIUM SA-REG-S 0.87500% 20-28.04.30 | 300 000.00 | 376 018.43 | 0.03 |
| EUR	FORD MOTOR CREDIT CO LLC 3.02100% 19-06.03.24 | 110 000.00 | 139 900.48 | 0.01 |
| EUR	GLOBALWORTH REAL ESTATE INVEST-REG-S 3.00000% 18-29.03.25 | 200 000.00 | 263 526.93 | 0.02 |
| EUR	GOLDMAN SACHS GROUP INC-REG-S 2.00000% 18-01.11.28 | 270 000.00 | 362 616.03 | 0.03 |
| EUR	HEIDELBERGCEMENT FIN LUX SA-REG-S 1.12500% 19-01.12.27 | 140 000.00 | 178 998.16 | 0.01 |
| EUR	HEINEKEN NV-REG-S 2.25000% 20-30.03.30 | 280 000.00 | 392 902.50 | 0.03 |
| EUR	KBC GROUP NV-REG-S 1.12500% 19-25.01.24 | 200 000.00 | 252 546.68 | 0.02 |
| EUR	KION GROUP AG-REG-S 1.62500% 20-24.09.25 | 400 000.00 | 509 248.39 | 0.04 |
| EUR	NASSA TOPCO AS-REG-S 2.87500% 17-06.04.24 | 1 400 000.00 | 1 759 209.96 | 0.13 |
| EUR	NEW YORK LIFE GLOBAL FUNDING-REG-S 0.25000% 20-23.01.27 | 1 265 000.00 | 1 551 153.01 | 0.11 |
| EUR	ORANO SA-REG-S 3.37500% 19-23.04.26 | 1 000 000.00 | 1 323 716.69 | 0.09 |
| EUR	PPF ARENA 1 BV-REG-S 2.12500% 19-31.01.25 | 2 400 000.00 | 3 007 719.00 | 0.22 |
| EUR	REDEXIS GAS FINANCE BV-REG-S 1.87500% 15-27.04.27 | 400 000.00 | 525 543.88 | 0.04 |
| EUR	REN FINANCE B V-REG-S 2.50000% 15-12.02.25 | 600 000.00 | 801 498.43 | 0.06 |
| EUR	ROMANIA-REG-S 4.62500% 19-03.04.49 | 4 000 000.00 | 6 137 703.00 | 0.44 |
| EUR	RYANAIR DAC-REG-S 0.87500% 21-25.05.26 | 685 000.00 | 839 223.78 | 0.06 |
| EUR	TRATON FINANCE LUXEMBOURG SA-REG-S 1.25000% 21-24.03.33 | 1 300 000.00 | 1 584 371.49 | 0.11 |
| EUR	VODAFONE GROUP PLC-REG-S 2.50000% 19-24.05.39 | 230 000.00 | 322 358.33 | 0.02 |
| EUR	VOLKSWAGEN FINANCIAL SERVICES AG-REG-S 1.50000% 19-01.10.24 | 230 000.00 | 294 212.63 | 0.02 |
| EUR	ZF FINANCE GMBH-REG-S 3.75000% 20-21.09.28 | 1 800 000.00 | 2 388 856.61 | 0.17 |
| Total EUR |  | 41 278 626.50 | 2.98 |
| GBP |  |  |  |
| GBP	CHINA DEVELOPMENT BANK-REG-S 1.25000% 20-21.01.23 | 880 000.00 | 1 260 914.85 | 0.09 |
| GBP	CPI PROPERTY GROUP SA-REG-S 2.75000% 20-22.01.28 | 160 000.00 | 231 533.92 | 0.02 |
| GBP	LLOYDS BANKING GROUP PLC 2.25000% 17-16.10.24 | 100 000.00 | 147 744.17 | 0.01 |
| Total GBP |  | 1 640 192.94 | 0.12 |

UBS (Lux) Bond SICAV – Global Dynamic (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 | BANK OF AMERICA CORP 3.87500% 15-01.08.25 | 1 000 000.00 | 1 119 404.08 | 0.08 |
| USD | EGYPT, REPUBLIC OF-REG-S 8.70020% 19-01.03.49 | 2 000 000.00 | 2 150 375.00 | 0.15 |
| USD | EXPORT IMPORT BANK OF THAILAND-REG-S 1.45700% 20-15.10.25 | 3 035 000.00 | 3 039 886.96 | 0.22 |
| USD | INDIAN OIL CORP LTD-REG-S 5.75000% 13-01.08.23 | 500 000.00 | 545 093.75 | 0.04 |
| USD | INDIAN RAILWAY FINANCE CORP LTD-REG-S 2.80000% 21-10.02.31 | 2 725 000.00 | 2 612 686.67 | 0.19 |
| USD | KAZAKHSTAN, REPUBLIC OF-REG-S 5.12500% 15-21.07.25 | 2 000 000.00 | 2 325 375.00 | 0.17 |
| USD | MEXICO, UNITED STATES OF 4.75000% 12-08.03.44 | 1 800 000.00 | 1 963 462.50 | 0.14 |
| USD | MIRVAC GROUP FINANCE LTD-REG-S 3.62500% 17-18.03.27 | 200 000.00 | 218 282.00 | 0.01 |
| USD | MONGOLIA,GOVERNMENT OF-REG-S 8.75000% 17-09.03.24 | 2 190 000.00 | 2 501 801.24 | 0.18 |
| USD | MORGAN STANLEY-SUB 4.35000% 14-08.09.26 | 1 000 000.00 | 1 139 554.93 | 0.08 |
| USD | PERTAMINA PERSERO PT-REG-S 4.70000% 19-30.07.49 | 390 000.00 | 411 157.50 | 0.03 |
| USD | PHOENIX GROUP HOLDINGS PLC-REG-S-SUB 5.37500% 17-06.07.27 | 600 000.00 | 675 240.00 | 0.05 |
| USD | QTEL INTERNATIONAL FINANCE LTD-REG-S 2.62500% 21-08.04.31 | 795 000.00 | 800 207.25 | 0.06 |
| USD | REC LTD-REG-S 2.25000% 21-01.09.26 | 2 960 000.00 | 2 891 236.54 | 0.21 |
| USD | ROMANIA-REG-S 6.12500% 14-22.01.44 | 700 000.00 | 936 162.50 | 0.07 |
| USD | SAUDI ARABIAN OIL CO-REG-S 3.50000% 19-16.04.29 | 935 000.00 | 1 005 008.13 | 0.07 |
| USD | SAUDI GOVERNMENT INTERNATIONAL BD-REG-S 4.00000% 18-17.04.25 | 4 000 000.00 | 4 422 000.00 | 0.32 |
| Total USD |  |  | 28 756 934.05 | 2.07 |
| Total Medium-Term Notes, fester Zins |  | 71 675 753.49 | 5.17 |
| Medium-Term Notes, variabler Zins |  |  |  |
| EUR |  |  |  |
| EUR	AUSNET SERVICES HOLDINGS PT-REG-S-SUB 1.625%/VAR 21-11.03.81 | 1 275 000.00 | 1 578 832.41 | 0.11 |
| EUR	AXA SA-REG-S-SUB 3.250%/VAR 18-28.05.49 | 120 000.00 | 167 082.45 | 0.01 |
| EUR	BARCLAYS PLC-REG-S 3.375%/VAR 20-02.04.25 | 540 000.00 | 719 618.78 | 0.05 |
| EUR	CREDIT AGRICOLE SA-REG-S 1.000%/VAR 20-22.04.26 | 500 000.00 | 629 643.97 | 0.05 |
| EUR	CREDIT SUISSE GROUP AG-REG-S 3.250%/VAR 20-02.04.26 | 185 000.00 | 249 422.25 | 0.02 |
| EUR	DEUTSCHE BANK AG-REG-S 1.000%/VAR 20-19.11.25 | 1 300 000.00 | 1 616 004.63 | 0.12 |
| EUR	DEUTSCHE BANK AG-REG-S 1.750%/VAR 20-19.11.30 | 600 000.00 | 762 830.90 | 0.05 |
| EUR	IBERDROLA INTERNATIONAL BV-REG-S-SUB 2.625%/VAR 18-PRP | 100 000.00 | 129 144.85 | 0.01 |
| EUR	LLOYDS BANKING GROUP PLC-REG-S 3.500%/VAR 20-01.04.26 | 380 000.00 | 522 621.55 | 0.04 |
| EUR	NATWEST GROUP PLC-REG-S 2.000%/VAR 18-04.03.25 | 600 000.00 | 771 446.18 | 0.06 |
| EUR	NORDEA BANK ABP-REG-S-SUB 1.000%/VAR 19-27.06.29 | 700 000.00 | 870 847.87 | 0.06 |
| EUR	TOTAL SE-REG-S-SUB 2.625%/VAR 15-PRP | 260 000.00 | 333 239.86 | 0.02 |
| EUR	TOTAL SE-REG-S-SUB 2.125%/VAR 21-PRP | 1 620 000.00 | 1 920 777.03 | 0.14 |
| Total EUR |  | 10 271 512.73 | 0.74 |
| GBP |  |  |  |
| GBP	ELECTRICITE DE FRANCE SA-REG-S-SUB 6.000%/VAR 13-PRP | 100 000.00 | 157 249.17 | 0.01 |
| Total GBP |  | 157 249.17 | 0.01 |
| USD |  |  |  |
| USD	DBS GROUP HOLDINGS LTD-REG-S-SUB 3.300%/VAR 20-PRP | 1 350 000.00 | 1 378 687.50 | 0.10 |
| USD	HSBC BANK PLC-SUB 6M LIBOR+25BP 85-PRP | 1 000 000.00 | 933 180.00 | 0.07 |
| USD	MORGAN STANLEY 3.622%/VAR 20-01.04.31 | 500 000.00 | 550 594.22 | 0.04 |
| Total USD |  | 2 862 461.72 | 0.21 |
| Total Medium-Term Notes, variabler Zins |  | 13 291 223.62 | 0.96 |
| Anleihen, fester Zins |  |  |  |
| CNY |  |  |  |
| CNY	CHINA DEVELOPMENT BANK CORP 3.80000% 16-25.01.36 | 120 000 000.00 | 19 092 576.75 | 1.37 |
| Total CNY |  | 19 092 576.75 | 1.37 |
| EUR |  |  |  |
| EUR	ABBOTT IRELAND FINCING DAC-REG-S 0.87500% 18-27.09.23 | 165 000.00 | 206 867.43 | 0.01 |
| EUR	ADLER REAL ESTATE AG-REG-S 3.00000% 18-27.04.26 | 600 000.00 | 761 457.62 | 0.05 |
| EUR	ADO PROPERTIES SA-REG-S 1.50000% 17-26.07.24 | 1 900 000.00 | 2 286 623.75 | 0.16 |
| EUR	ALSTRIA OFFICE REIT-AG-REG-S 1.50000% 20-23.06.26 | 600 000.00 | 770 064.10 | 0.06 |
| EUR	AROUNDTOWN SA-REG-S 0.37500% 19-23.09.22 | 100 000.00 | 122 944.42 | 0.01 |
| EUR	AUTOSTRADE PER L’ITALIA SPA REG-S 2.00000% 21-15.01.30 | 1 980 000.00 | 2 483 450.10 | 0.18 |
| EUR	BPCE SA-REG-S 0.25000% 20-15.01.26 | 800 000.00 | 984 810.34 | 0.07 |
| EUR	FINNAIR OYJ-REG-S 4.25000% 21-19.05.25 | 1 550 000.00 | 1 926 579.73 | 0.14 |
| EUR	GREECE, HELLENIC REPUBLIC OF-144A-REG-S 1.87500% 19-23.07.26 | 3 235 000.00 | 4 310 614.45 | 0.31 |
| EUR	INTRUM JUSTITIA AB-REG-S 2.75000% 17-15.07.22 | 280 000.00 | 34 199.42 | 0.00 |
| EUR	INTRUM JUSTITIA AB-REG-S 3.12500% 17-15.07.24 | 570 000.00 | 700 534.44 | 0.05 |
| EUR	ITALY, REPUBLIC OF-BTP-144A-REG-S 3.250% 14-01.09.46 | 7 500 000.00 | 11 916 435.96 | 0.86 |
| EUR	ITALY, REPUBLIC OF-BTP 1.60000% 16-01.06.26 | 6 000 000.00 | 7 853 177.78 | 0.57 |
| EUR	ITALY, REPUBLIC OF-BTP-REG-S 0.95000% 20-01.08.30 | 5 000 000.00 | 6 197 050.44 | 0.45 |
| EUR	MATTERHORN TELECOM SA-REG-S 3.12500% 19-15.09.26 | 1 220 000.00 | 1 499 091.17 | 0.11 |
| EUR	MPT OPERATING PARTNERSHIP LP/FIN CORP 3.32500% 17-24.03.25 | 800 000.00 | 1 055 094.13 | 0.08 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 1.50000% 15-25.03.35 | 6 000 000.00 | 8 246 901.40 | 0.59 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 3.12500% 15-07.08.45 | 7 000 000.00 | 12 710 473.78 | 0.92 |
| EUR	SLOVENIA, REPUBLIC OF-REG-S 0.48750% 20-20.10.50 | 8 433 000.00 | 8 950 416.66 | 0.64 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 2.15000%15-31.10.25 | 14 300 000.00 | 19 372 155.67 | 1.40 |
| EUR	SPAIN, KINGDOM OF-144A-REG-S 1.40000% 18-30.07.28 | 6 360 000.00 | 8 496 194.36 | 0.61 |
| EUR	STANDARD PROFIL AUTOMOTIVE GMBH-REG-S 6.25000% 21-30.04.26 | 2 470 000.00 | 2 929 347.14 | 0.21 |
| EUR	SUMMER BIDCO BV-REG-S 9.00000% 19-15.11.25 | 1 250 000.00 | 1 637 326.40 | 0.12 |
| EUR	TAURON POLSKA ENERGIA SA-REG-S 2.37500% 17-05.07.27 | 1 000 000.00 | 1 272 167.33 | 0.09 |
| EUR	UMG GROUPE VYV 1.62500% 19-02.07.29 | 1 100 000.00 | 1 423 070.70 | 0.10 |
| EUR	UNITED GROUP BV-REG-S 3.12500% 20-15.02.26 | 2 160 000.00 | 2 572 127.93 | 0.19 |
| EUR	UTAH ACQUISITION SUB INC-REG-S 3.12500% 16-22.11.28 | 500 000.00 | 706 085.26 | 0.05 |
| EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 1.12500% 17-02.10.23 | 200 000.00 | 251 366.57 | 0.02 |
| Total EUR |  | 111 676 628.48 | 8.05 |
| GBP |  |  |  |
| GBP	BELLIS ACQUISITION CO PLC-REG-S 3.25000% 21-16.02.26 | 1 475 000.00 | 2 096 536.38 | 0.15 |
| GBP	BRACKEN MIDCO1 PLC-REG-S (PIK) 8.87500% 18-15.10.23 | 1 051 875.00 | 1 545 842.23 | 0.11 |
| GBP	BUPA FINANCE PLC-REG-S-SUB 5.00000% 13-25.04.23 | 100 000.00 | 152 749.84 | 0.01 |
| GBP	DIGNITY FINANCE PLC-REG-S 4.69560% 14-31.12.49 | 151 000.00 | 201 486.40 | 0.02 |
| GBP	JERROLD FINCO PLC-REG-S 5.25000% 21-15.01.27 | 1 315 000.00 | 1 930 304.24 | 0.14 |
| GBP	MILLER HOMES GROUP HOLDINGS PLC-REG-S 5.50000% 17-15.10.24 | 1 000 000.00 | 1 456 217.87 | 0.10 |

UBS (Lux) Bond SICAV – Global Dynamic (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 | PREMIER FOODS FINANCE PLC-REG-S 3.50000% 21-15.10.26 | 1 410 000.00 | 2 004 315.00 | 0.15 |
| GBP | ROTHESAY LIFE PLC-REG-S-SUB 3.37500% 19-12.07.26 | 845 000.00 | 1 282 236.71 | 0.09 |
| GBP | SCOTTISH WIDOWS PLC-REG-S-SUB 5.50000% 13-16.06.23 | 200 000.00 | 309 239.36 | 0.02 |
| GBP | UNITED KINGDOM OF GREAT BRITAIN-REG-S 1.50000% 16-22.07.47 | 3 000 000.00 | 4 453 364.47 | 0.32 |
| GBP | UNITED KINGDOM OF GREAT BRITAIN-REG-S 0.87500% 19-22.10.29 | 7 500 000.00 | 10 788 327.83 | 0.78 |
| Total GBP |  |  | 26 220 620.33 | 1.89 |
| JPY |  |  |  |  |
| JPY | JAPAN 0.50000% 19-20.03.59 | 360 000 000.00 | 3 071 197.04 | 0.22 |
| Total JPY |  |  | 3 071 197.04 | 0.22 |
| MXN |  |  |  |  |
| MXN | MEXICO, UNITED MEXICAN STATES 7.75000% 11-13.11.42 | 9 871 700.00 | 50 904 238.65 | 3.67 |
| Total MXN |  | 50 904 238.65 | 3.67 |
| NZD |  |  |  |  |
| NZD | NEW ZEALAND 4.50000% 14-15.04.27 | 200 000.00 | 172 664.13 | 0.02 |
| NZD | NEW ZEALAND-REG-S 2.75000% 16-15.04.25 | 200 000.00 | 156 374.40 | 0.01 |
| NZD | NEW ZEALAND-REG-S 2.75000% 16-15.04.37 | 10 000 000.00 | 7 651 061.60 | 0.55 |
| NZD | NEW ZEALAND-REG-S 5.50000% 11-15.04.23 | 200 000.00 | 159 759.60 | 0.01 |
| Total NZD |  |  | 8 139 859.73 | 0.59 |
| USD |  |  |  |  |
| USD | AMERICAN AIRLINES PASS THROUGH TRUST 4.37500% 14-01.10.22 | 605 000.00 | 256 290.35 | 0.02 |
| USD | BALTIMORE GAS & ELECTRIC CO 3.50000% 16-15.08.46 | 700 000.00 | 743 268.01 | 0.05 |
| USD | BANK TABUNGAN NEGARA PERSERO-REG-S-SUB 4.20000% 20-23.01.25 | 200 000.00 | 203 975.00 | 0.01 |
| USD | BRAZIL, FEDERATIVE REPUBLIC OF 7.12500% 06-20.01.37 | 1 500 000.00 | 1 903 406.25 | 0.14 |
| USD | CITIGROUP INC 3.87500% 13-25.10.23 | 600 000.00 | 651 288.83 | 0.05 |
| USD | CNAC HK FINBRIDGE CO LTD-REG-S 3.50000% 17-19.07.22 | 245 000.00 | 248 720.93 | 0.02 |
| USD | CNAC HK FINBRIDGE CO LTD-REG-S 4.62500% 18-14.03.23 | 1 000 000.00 | 1 040 500.00 | 0.07 |
| USD | COLOMBIA, REPUBLIC OF 6.12500% 09-18.01.41 | 1 900 000.00 | 2 205 543.75 | 0.16 |
| USD | COUNTRY GARDEN HOLDINGS CO LTD-REG-S 2.70000% 21-12.07.26 | 720 000.00 | 702 225.00 | 0.05 |
| USD | GAZ CAPITAL SA/GAZPROM-REG-S LPN 7.28800% 07-16.08.37 | 630 000.00 | 875 621.25 | 0.06 |
| USD | GOLDMAN SACHS GROUP INC-SUB 5.15000% 15-22.05.45 | 200 000.00 | 260 952.94 | 0.02 |
| USD | HCA INC 5.37500% 15-01.02.25 | 1 000 000.00 | 1 118 750.00 | 0.08 |
| USD | KAZAKHSTAN, REPUBLIC OF-REG-S 4.87500% 14-14-10.44 | 1 200 000.00 | 1 481 475.00 | 0.11 |
| USD | MALAYSIA WAKALA SUKUK BHD-REG-S 3.07500% 21-28.04.51 | 1 035 000.00 | 1 038 037.62 | 0.07 |
| USD | MEXICO CITY AIRPORT TRUST-REG-S 5.50000% 17-31.07.47 | 450 000.00 | 445 185.00 | 0.03 |
| USD | MOROCCO, KINGDOM OF THE-REG-S 5.50000% 12-11.12.42 | 3 000 000.00 | 3 366 187.50 | 0.24 |
| USD | NETFLIX INC 4.37500% 16-15.11.26 | 1 000 000.00 | 1 127 790.00 | 0.08 |
| USD | PACIFIC GAS & ELECTRIC CO 2.10000% 20-01.08.27 | 535 000.00 | 515 916.56 | 0.04 |
| USD | PACIFIC GAS & ELECTRIC CO 2.50000% 20-01.02.31 | 415 000.00 | 383 553.05 | 0.03 |
| USD | PERU, REPUBLIC OF 2.78300% 20-23.01.31 | 3 320 000.00 | 3 323 735.00 | 0.24 |
| USD | PETROLEOS DE VENEZUE-REG-S *DEFAULTED* 6.00000% 14-16.05.24 | 600 000.00 | 26 100.00 | 0.00 |
| USD | REYNOLDS AMERICAN INC 4.45000% 15-12.06.25 | 150 000.00 | 166 778.57 | 0.01 |
| USD | SOUTH AFRICA, REPUBLIC OF 6.30000% 18-22.06.48 | 500 000.00 | 535 875.00 | 0.04 |
| USD | SOUTHERN CALIFORNIA EDISON CO 2.85000% 19-01.08.29 | 500 000.00 | 514 819.08 | 0.04 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 6.50000% 20-10.01.25 | 910 000.00 | 933 034.38 | 0.07 |
| USD | TURKEY, REPUBLIC OF 6.62500% 14-17.02.45 | 700 000.00 | 649 162.50 | 0.05 |
| Total USD |  |  | 24 718 191.57 | 1.78 |
| ZAR |  |  |  |  |
| ZAR | SOUTH AFRICA, REPUBLIC OF 8.75000% 12-28.02.48 | 236 250 000.00 | 14 416 780.85 | 1.04 |
| ZAR | SOUTH AFRICA, REPUBLIC OF 8.50000% 13-31.01.37 | 210 000 000.00 | 13 014 915.29 | 0.94 |
| Total ZAR |  |  | 27 431 696.14 | 1.98 |
| Total Anleihen, fester Zins |  | 271 255 008.69 | 19.55 |
| Anleihen, variabler Zins |  |  |  |
| EUR |  |  |  |
| EUR	AG INSURANCE SA/NV-REG-S-SUB 3.500%/VAR 15-30.06.47 | 300 000.00 | 414 478.35 | 0.03 |
| EUR	BP CAPITAL MARKETS PLC-REG-S 3.250%/VAR 20-PRP | 490 000.00 | 637 165.22 | 0.04 |
| EUR	BP CAPITAL MARKETS PLC-REG-S-SUB 3.625%/VAR 20-PRP | 390 000.00 | 510 508.44 | 0.03 |
| EUR	ELM BV-REG-S-SUB 2.600%/VAR 15-PRP | 290 000.00 | 382 083.01 | 0.03 |
| EUR	HOLCIM FINANCE LUXEMBOURG SA-REG-S-SUB 3.000%/VAR 19-PRP | 200 000.00 | 255 563.19 | 0.02 |
| EUR	SES SA-REG-S-SUB 2.875%/VAR 21-PRP | 3 585 000.00 | 4 401 916.51 | 0.32 |
| EUR	UNIBAIL-RODAMCO SE-REG-S-SUB 2.125%/VAR 18-PRP | 200 000.00 | 239 614.95 | 0.02 |
| EUR	VONOVIA FINANCE BV-REG-S-SUB 4.000%/VAR 14-PRP | 300 000.00 | 374 003.99 | 0.03 |
| Total EUR |  | 7 215 333.66 | 0.52 |
| GBP |  |  |  |
| GBP	BARCLAYS PLC-REG-S-SUB 7.250%/VAR 17-PRP | 200 000.00 | 307 036.04 | 0.02 |
| GBP	CYBG PLC-REG-S-SUB 8.000%/VAR 16-PRP | 1 610 000.00 | 2 443 096.51 | 0.18 |
| GBP	CYBG PLC-REG-S-SUB 8.750%/VAR 16-PRP | 1 020 000.00 | 1 497 777.69 | 0.11 |
| GBP	M&G PLC-REG-S-SUB 5.625%/VAR 18-20.10.51 | 150 000.00 | 252 817.89 | 0.02 |
| GBP	SANTANDER UK GROUP HOLD PLC-REG-S-SUB 6.750%/VAR 17-PRP | 200 000.00 | 314 862.25 | 0.02 |
| Total GBP |  | 4 815 590.38 | 0.35 |
| NZD |  |  |  |
| NZD	NEW ZEALAND-REG-S 2.500%/CPI LINKED 14-20.09.35 | 30 000 000.00 | 30 238 790.40 | 2.18 |
| Total NZD |  | 30 238 790.40 | 2.18 |
| USD |  |  |  |
| USD	BP CAPITAL MARKETS PLC-SUB 4.875%/VAR 20-PRP | 485 000.00 | 522 936.70 | 0.04 |
| USD	CREDIT SUISSE GROUP AG-REG-S-SUB 7.500%/VAR 18-PRP | 1 230 000.00 | 1 327 170.00 | 0.10 |
| USD	QBE INSURANCE GROUP LTD-REG-S-SUB 6.750%/VAR 14-02.12.44 | 380 000.00 | 430 422.85 | 0.03 |
| USD	RAKUTEN GROUP INC-REG-S-SUB 6.250%/VAR 21-PRP | 2 840 000.00 | 3 042 350.00 | 0.22 |
| USD	SCOR SE-REG-S-SUB 5.250%/VAR 18-PRP | 400 000.00 | 421 000.00 | 0.03 |
| USD	UBS GROUP AG-REG-S-SUB 7.125%/VAR 16-PRP | 3 300 000.00 | 3 333 000.00 | 0.24 |
| USD	WESTPAC BANKING CORP-SUB 5.000%/VAR 17-PRP | 200 000.00 | 212 170.00 | 0.01 |
| Total USD |  | 9 289 049.55 | 0.67 |
| Total Anleihen, variabler Zins |  | 51 558 763.99 | 3.72 |
| UBS (Lux) Bond SICAV – Global Dynamic (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) |  |
| Treasury-Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA, UNITED STATES OF 3.12500% 14-15.08.44 | 9 700 000.00 | 11 247 832.00 | 0.81 |
| USD	AMERICA, UNITED STATES OF 3.00000% 17-15.05.47 | 12 000 000.00 | 13 712 812.55 | 0.99 |
| USD	AMERICA, UNITED STATES OF 2.87500% 19-15.05.49 | 26 000 000.00 | 29 182 968.88 | 2.10 |
| USD	AMERICA, UNITED STATES OF 1.87500% 17-31.07.22 | 675 000.00 | 689 053.71 | 0.05 |
| USD	AMERICA, UNITED STATES OF 2.87500% 18-30.04.25 | 15 000 000.00 | 16 362 304.65 | 1.18 |
| USD	AMERICA, UNITED STATES OF 2.00000% 13-15.02.23 | 1 000 000.00 | 1 031 718.75 | 0.07 |
| USD	AMERICA, UNITED STATES OF 2.50000% 14-15.05.24 | 6 000 000.00 | 6 389 296.86 | 0.46 |
| USD	AMERICA, UNITED STATES OF 1.75000% 17-30.06.22 | 1 300 000.00 | 1 323 207.03 | 0.10 |
| USD	AMERICA, UNITED STATES OF 1.62500% 19-30.11.26 | 46 000 000.00 | 47 712 421.76 | 3.44 |
| USD	AMERICA, UNITED STATES OF 0.62500% 20-15.05.30 | 16 000 000.00 | 14 776 875.04 | 1.07 |
| USD	AMERICA, UNITED STATES OF TB 0.12500% 20-31.05.22 | 31 750 000.00 | 31 764 882.81 | 2.29 |
| USD	AMERICA, UNITED STATES OF 0.50000% 20-30.06.27 | 39 500 000.00 | 38 154 531.25 | 2.75 |
| USD	AMERICA, UNITED STATES OF 0.62500% 20-15.08.30 | 12 425 000.00 | 11 429 058.59 | 0.82 |
| USD	AMERICA, UNITED STATES OF 0.50000% 20-31.08.27 | 20 000 000.00 | 19 253 125.00 | 1.39 |
| Total USD |  | 243 030 088.88 | 17.52 |
| Total Treasury-Notes, fester Zins |  | 243 030 088.88 | 17.52 |
| Treasury-Notes, variabler Zins |  |  |  |
| BRL |  |  |  |
| BRL	BRAZIL, FEDERATIVE REPUBLIC OF 6.000%/IPCA LINKD 10-15.08.50 | 1 050.00 | 887 174.02 | 0.06 |
| Total BRL |  | 887 174.02 | 0.06 |
| Total Treasury-Notes, variabler Zins | 887 174.02 | 0.06 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 848 359 187.85 | 61.15 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Asset Backed Securities, fester Zins |  |  |
| USD |  |  |
| USD	CPS AUTO TRUST-144A 4.61000% 17-15.12.22	247 000.00 | 94 503.34 | 0.01 |
| USD	DRIVE AUTO RECEIVABLES TRUST 4.30000% 18-15.04.26	1 000 000.00 | 1 047 390.00 | 0.08 |
| USD	DT AUTO OWNER TRUST-144A 4.19000% 18-15.07.24	1 000 000.00 | 1 028 226.50 | 0.07 |
| Total USD | 2 170 119.84 | 0.16 |
| Total Asset Backed Securities, fester Zins | 2 170 119.84 | 0.16 |
| Asset Backed Securities, variabler Zins |  |  |
| USD |  |  |
| USD	SOFI PROFESSIONA LOAN PROGRAM LLC-144A VAR 17-26.03.40	850 000.00 | 892 635.32 | 0.06 |
| Total USD | 892 635.32 | 0.06 |
| Total Asset Backed Securities, variabler Zins | 892 635.32 | 0.06 |
| Mortgage Backed Securities, fester Zins |  |  |
| USD |  |  |
| USD	BANK 2018-BNK14-SUB 4.23100% 18-01.09.60	900 000.00 | 1 036 121.67 | 0.07 |
| USD	BANK BNK-SUB 4.40700% 18-01.11.61	1 850 000.00 | 2 154 007.17 | 0.16 |
| USD	BBCMS TRUST-144A-SUB 4.19700% 15-06.08.35	100 000.00 | 112 908.53 | 0.01 |
| USD	BENCHMARK MORTGAGE TRUST 3.94360% 18-01.07.51	1 350 000.00 | 1 530 199.89 | 0.11 |
| USD	BENCHMARK MORTGAGE TRUST 4.44100% 18-01.10.51	1 500 000.00 | 1 729 699.65 | 0.12 |
| USD	BENCHMARK MORTGAGE TRUST-SUB 4.51000% 18-01.05.53	2 000 000.00 | 2 347 999.40 | 0.17 |
| USD	BENCHMARK MORTGAGE TRUST-SUB 3.97900% 19-01.03.62	1 350 000.00 | 1 517 852.11 | 0.11 |
| USD	CITIGROUP COMMERCIAL MORTGAGE TRUST 3.96300% 18-01.06.51	1 000 000.00 | 1 015 103.50 | 0.07 |
| USD	CITIGROUP COMMERCIAL MORTGAGE TRUST 4.22800% 18-01.06.51	2 775 000.00 | 3 182 194.06 | 0.23 |
| USD	CITIGROUP COMMERCIAL MORTGAGE 3.36600% 16-01.11.49	1 500 000.00 | 1 620 257.85 | 0.12 |
| USD	COMM 2015-CCRE22 MORTGAGE TRUST 3.92600% 15-01.03.48	2 000 000.00 | 2 168 350.60 | 0.16 |
| USD	COMM MORTGAGE TRUST-SUB 4.22800% 18-01.05.51	2 500 000.00 | 2 871 928.75 | 0.21 |
| USD	CSAIL COMMERCIAL MORTGAGE TRUST-SUB 4.42160% 18-01.11.51	1 490 000.00 | 1 725 735.59 | 0.12 |
| USD	HUDSON YARDS 2016-10HY MORTGAGE-144A 2.83500% 16-01.08.38	855 000.00 | 907 276.07 | 0.07 |
| USD	JPMDB COMMERCIAL MORTGAGE TRT 4.42100% 18-01.06.51	1 150 000.00 | 1 317 028.65 | 0.09 |
| USD	MORGAN STANLEY BOA MERR LYH TRT 15-C24 3.73200% 15-01.05.48	800 000.00 | 882 026.40 | 0.06 |
| USD	MORGAN STANLEY CAPITAL INC-SUB 3.33000% 17-01.12.50	450 000.00 | 488 398.77 | 0.03 |
| USD	MORGAN STANLEY CAPITAL I TRUST-SUB 4.31000% 18-01.12.51	1 355 000.00 | 1 552 153.31 | 0.11 |
| USD	MSBAM LYNCH TRUST-SUB 3.99400% 16-01.12.49	600 000.00 | 660 977.04 | 0.05 |
| USD	WELLS FARGO COMMERCIAL MORTGAGE TRUST 4.21200% 18-01.05.51	1 400 000.00 | 1 603 943.60 | 0.12 |
| Total USD | 30 424 162.61 | 2.19 |
| Total Mortgage Backed Securities, fester Zins | 30 424 162.61 | 2.19 |
| Mortgage Backed Securities, variabler Zins |  |  |
| USD |  |  |
| USD	AVENTURA MALL TRUST-144A FLR 18-01.07.40	2 060 000.00 | 2 322 321.64 | 0.17 |
| USD	BAMLL COMMERCIAL MORT SET-144A 1M LIBOR+135BP 18-15.09.34	1 575 000.00 | 1 571 027.54 | 0.11 |
| USD	BANK 2017-BNK9 VAR 17-01.11.54	1 500 000.00 | 1 665 453.60 | 0.12 |
| USD	BANK-SUB FLR 18-01.02.61	895 000.00 | 960 448.31 | 0.07 |
| USD	BBCMS TRUST CBM-144A 1M LIBOR+119.1098BP 18-15.07.37	1 650 000.00 | 1 641 708.09 | 0.12 |
| USD	BENCHMARK 2018-B2 MORTGAGE TRUST-SUB FLR 18-01.02.51	1 400 000.00 | 1 572 679.78 | 0.11 |
| USD	BENCHMARK MORTGAGE TRUST-SUB FLR 18-01.10.51	1 500 000.00 | 1 708 604.55 | 0.12 |
| USD	BENCHMARK MORTGAGE TRUST-SUB FLR 18-01.10.51	1 950 000.00 | 2 157 477.07 | 0.16 |
| USD	BENCHMARK MORTGAGE TRUST FLR 18-01.01.52	2 000 000.00 | 2 311 749.20 | 0.17 |
| USD	BX COMMERCIAL MORTGAGE TRUST-144A 1M LIBOR+75BP 18-15.11.35	355 000.00 | 110 988.88 | 0.01 |
| USD	BX COMMERCIAL MORTGAGE TRUST-144A 1M LIBOR+90BP 18-15.11.35	500 000.00 | 350 105.70 | 0.03 |
| USD	BX TRUST-144A 1M LIBOR+80BP 18-15.05.35	1 300 000.00 | 1 301 200.94 | 0.09 |

UBS (Lux) Bond SICAV – Global Dynamic (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 | BX TRUST-144A 1M LIBOR+122BP 18-15.05.35 | 2 000 000.00 | 1 999 965.60 | 0.14 |
| USD | CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+145BP 19-15.12.37 | 500 000.00 | 500 621.80 | 0.04 |
| USD | CAMB COMM MORTGAGE TRUST-144A-SUB 1M LIBOR+175BP 19-15.12.37 | 1 620 000.00 | 1 621 438.56 | 0.12 |
| USD | CD MORTGAGE TRUST FLR 17-01.11.50 | 2 220 000.00 | 2 439 249.20 | 0.18 |
| USD | CSAIL 2015-C4 COMMERCIAL MORTGAGE TRUST-SUB VAR 15-01.11.48 | 500 000.00 | 540 520.85 | 0.04 |
| USD | CSWF TOP-144A-SUB FLR 18-15.08.35 | 1 625 000.00 | 1 296 725.69 | 0.09 |
| USD | GS MORTGAGE SECURITIES CORP II 4.155%/VAR 18-01.07.51 | 330 000.00 | 377 318.07 | 0.03 |
| USD | GS MORTGAGE SECURITIES TRUST 4.047%/VAR 17-01.03.50 | 3 000 000.00 | 3 299 800.20 | 0.24 |
| USD | GS MORTGAGE SECURITIES TRUST-144A VAR 17-01.01.43 | 1 950 000.00 | 2 148 468.27 | 0.16 |
| USD | JP MORGAN CHASE MORTGAGE SECURITIES-144A-SUB FLR 18-01.01.31 | 2 045 000.00 | 2 077 890.14 | 0.15 |
| USD | JP MORGAN CHASE MORTGAGE SECURITIES-144A-SUB FLR 18-01.01.31 | 2 000 000.00 | 2 004 310.80 | 0.14 |
| USD | JPMCC COMMERCIAL MORTGAGE SEC TRUST VAR 17-01.09.50 | 3 200 000.00 | 3 340 616.00 | 0.24 |
| USD | JPMDB COMRCIAL MOTGE SECURTIES TRST 3.985%/VAR 17-01.10.50 | 2 000 000.00 | 2 193 205.00 | 0.16 |
| USD | MAD MORTGAGE TRUST-144A 3.294%/VAR 17-01.08.34 | 1 500 000.00 | 1 547 742.30 | 0.11 |
| USD | MAD MORTGAGE TRUST-144A 3.478%/VAR 17-01.08.34 | 1 500 000.00 | 1 546 657.95 | 0.11 |
| USD | MAD MORTGAGE TRUST-144A 3.599%/VAR 17-01.08.34 | 1 000 000.00 | 1 028 541.60 | 0.07 |
| USD | ROSSLYN PORTFOLIO TRUST ROSS 1M LIBOR+300BP 17-15.06.33 | 700 000.00 | 601 348.25 | 0.04 |
| USD | WELLS FARGO COMMERCIAL MORTGAGE FLR 17-01.12.50 | 1 400 000.00 | 1 550 898.30 | 0.11 |
| Total USD |  |  | 47 789 083.88 | 3.45 |
| Total Mortgage Backed Securities, variabler Zins |  | 47 789 083.88 | 3.45 |
| Notes, fester Zins |  |  |  |
| CAD |  |  |  |
| CAD	ONTARIO, PROVINCE OF 2.70000% 19-02.06.29 | 6 000 000.00 | 5 276 930.72 | 0.38 |
| Total CAD |  | 5 276 930.72 | 0.38 |
| USD |  |  |  |
| USD	AKER BP ASA-144A 3.00000% 20-15.01.25 | 565 000.00 | 589 762.46 | 0.04 |
| USD	ALTRIA GROUP INC 4.25000% 12-09.08.42 | 150 000.00 | 153 198.48 | 0.01 |
| USD	AVOLON HOLDINGS FUNDING LTD-144A 2.12500% 21-21.02.26 | 730 000.00 | 716 312.50 | 0.05 |
| USD	BNP PARIBAS-144A 4.40000% 18-14.08.28 | 200 000.00 | 228 728.66 | 0.02 |
| USD	BRAZIL MINAS SPE-REG-S 5.33300% 13-15.02.28 | 200 000.00 | 151 900.00 | 0.01 |
| USD	BROADCOM INC 3.15000% 20-15.11.25 | 233 000.00 | 250 377.14 | 0.02 |
| USD	CAMERON LNG LLC-144A 3.30200% 19-15.01.35 | 340 000.00 | 355 115.66 | 0.03 |
| USD	CARRIER GLOBAL CORP 2.72200% 20-15.02.30 | 550 000.00 | 564 744.24 | 0.04 |
| USD	CCO HOLDINGS LLC/CAPITAL CORP-144A 5.50000% 16-01.05.26 | 1 000 000.00 | 1 033 700.00 | 0.07 |
| USD	CENTENE CORP 4.62500% 20-15.12.29 | 1 000 000.00 | 1 079 430.00 | 0.08 |
| USD	CHEVRON PHILLIPS CHEMICAL CO LLC-144A 5.12500% 20-01.04.25 | 460 000.00 | 527 608.31 | 0.04 |
| USD	CITIGROUP INC-SUB 4.60000% 16-09.03.26 | 200 000.00 | 229 465.27 | 0.02 |
| USD	COLONIAL ENTERPRISES INC-144A 3.25000% 20-15.05.30 | 470 000.00 | 503 230.27 | 0.04 |
| USD	COSTCO WHOLESALE CORP 1.60000% 20-20.04.30 | 195 000.00 | 189 001.55 | 0.01 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 5.30000% 19-01.10.29 | 355 000.00 | 420 308.65 | 0.03 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-144A 7.12500% 16-15.06.24 | 250 000.00 | 255 000.00 | 0.02 |
| USD	ENLINK MIDSTREAM PARTNERS LP 4.40000% 14-01.04.24 | 410 000.00 | 425 612.80 | 0.03 |
| USD	ENTERPRISE PRODUCTS OPERATING LLC 4.85000% 13-15.03.44 | 260 000.00 | 307 947.25 | 0.02 |
| USD	GLENCORE FUNDING LLC-144A 4.87500% 19-12.03.29 | 500 000.00 | 572 947.15 | 0.04 |
| USD	GRAPHIC PACKAGING INTERNATIONL INC-144A 3.50000% 20-15.03.28 | 1 000 000.00 | 995 030.00 | 0.07 |
| USD	INFOR INC-144A 1.75000% 20-15.07.25 | 355 000.00 | 363 851.34 | 0.03 |
| USD	JPMORGAN CHASE & CO-SUB 3.62500% 16-01.12.27 | 300 000.00 | 331 589.98 | 0.02 |
| USD	MPLX LP 4.25000% 20-01.12.27 | 400 000.00 | 452 807.58 | 0.03 |
| USD	NXP BV / NXP FDNG LLC / NXP USA-144A 3.15000% 20-01.05.27 | 900 000.00 | 966 725.51 | 0.07 |
| USD	NXP BV / NXP FDNG LLC / NXP USA-144A 2.70000% 20-01.05.25 | 160 000.00 | 169 101.15 | 0.01 |
| USD	ONCOR ELECTRIC DELIVERY CO 3.70000% 19-15.11.28 | 760 000.00 | 853 286.93 | 0.06 |
| USD	ORIGIN ENERGY FINANCE LTD-REG-S 5.45000% 11-14.10.21 | 360 000.00 | 366 341.40 | 0.03 |
| USD	OTIS WORLDWIDE CORP 2.56500% 20-15.02.30 | 745 000.00 | 760 300.53 | 0.06 |
| USD	PERU, REPUBLIC OF 5.62500% 10-18.11.50 | 1 500 000.00 | 1 961 531.25 | 0.14 |
| USD	SOUTHWESTERN ELECTRIC POWER 6.20000% 10-15.03.40 | 150 000.00 | 204 594.43 | 0.01 |
| USD	TEACHERS INSURANCE&ANNUITY ASS-144A-SUB 4.90000% 14-15.09.44 | 200 000.00 | 248 049.73 | 0.02 |
| USD	TECK RESOURCES LTD 3.90000% 20-15.07.30 | 530 000.00 | 566 503.48 | 0.04 |
| USD	TRITON CONTAINER INTERNATIONAL LTD-144A 2.05000% 21-15.04.26 | 1 345 000.00 | 1 351 329.57 | 0.10 |
| Total USD |  | 18 145 433.27 | 1.31 |
| Total Notes, fester Zins |  | 23 422 363.99 | 1.69 |
| Medium-Term Notes, fester Zins |  |  |  |
| AUD |  |  |  |
| AUD	AURIZON FINANCE PTY LTD 3.00000% 21-09.03.28 | 2 160 000.00 | 1 680 240.86 | 0.12 |
| Total AUD |  | 1 680 240.86 | 0.12 |
| Total Medium-Term Notes, fester Zins |  | 1 680 240.86 | 0.12 |
| Medium-Term Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	AUSTRALIA & NEW ZEALAND BANK-REG-S-SUB 2.950%VAR 20-22.07.30 | 700 000.00 | 729 510.81 | 0.05 |
| USD	INTESA SANPAOLO SPA-144A-SUB 7.700%/VAR 15-PRP | 1 500 000.00 | 1 710 000.00 | 0.13 |
| Total USD |  | 2 439 510.81 | 0.18 |
| Total Medium-Term Notes, variabler Zins |  | 2 439 510.81 | 0.18 |
| Anleihen, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	PANTHER BF AGGR 2/PANTHER FIN CO-REG-S 4.37500% 19-15.05.26 | 2 460 000.00 | 3 113 109.47 | 0.22 |
| Total EUR |  | 3 113 109.47 | 0.22 |

UBS (Lux) Bond SICAV – Global Dynamic (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) |  |
| RUB |  |  |  |  |
| RUB | RUSSIA, FEDERATION OF 7.65000% 19-10.04.30 | 3 400 000 000.00 | 48 445 196.51 | 3.49 |
| Total RUB |  |  | 48 445 196.51 | 3.49 |
| USD |  |  |  |  |
| USD | FIVE CORNERS FUNDING TRUST-144A 4.41900% 13-15.11.23 | 200 000.00 | 219 119.11 | 0.02 |
| USD | PHILLIPS 66 4.65000% 14-15.11.34 | 250 000.00 | 292 368.69 | 0.02 |
| Total USD |  |  | 511 487.80 | 0.04 |
| Total Anleihen, fester Zins |  | 52 069 793.78 | 3.75 |
| Anleihen, variabler Zins |  |  |  |
| JPY |  |  |  |
| JPY	JAPAN 0.100%/CPI LINKED 19-10.03.29 | 1 800 000 000.00 | 16 924 240.33 | 1.22 |
| Total JPY |  | 16 924 240.33 | 1.22 |
| NZD |  |  |  |
| NZD	NEW ZEALAND 2.500%/CPI LINKED 17-20.09.40 | 89 000 000.00 | 88 673 035.36 | 6.39 |
| NZD	NEW ZEALAND 3.000%/CPI LINKED 13-20.09.30 | 67 000 000.00 | 69 203 388.80 | 4.99 |
| Total NZD |  | 157 876 424.16 | 11.38 |
| USD |  |  |  |
| USD	PACIFIC GAS AND ELECTRIC CO 3M LIBOR+137.5BP 20-15.11.21 | 2 905 000.00 | 2 911 826.75 | 0.21 |
| USD	SCENTRE GROUP TRUST 2-REG-S-SUB 4.750%/VAR 20-24.09.80 | 650 000.00 | 689 812.50 | 0.05 |
| Total USD |  | 3 601 639.25 | 0.26 |
| Total Anleihen, variabler Zins |  | 178 402 303.74 | 12.86 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  | 339 290 214.83 | 24.46 |

Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Mortgage Backed Securities, fester Zins
| USD |  |
| --- | --- |
| USD | DBGS 2018-BIOD MORTGAGE TRUST-SUB 4.76400% 18-01.10.51 | 1 300 000.00 | 1 514 765.72 | 0.11 |
| Total USD |  |  | 1 514 765.72 | 0.11 |
| Total Mortgage Backed Securities, fester Zins |  | 1 514 765.72 | 0.11 |
| Total Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden |  | 1 514 765.72 | 0.11 |
| Neuemittierte Wertpapiere und Geldmarktinstrumente |  |  |  |
| Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AKER BP ASA-144A 4.00000% 20-15.01.31 | 525 000.00 | 565 359.62 | 0.04 |
| USD	BROADCOM INC-144A 1.95000% 21-15.02.28 | 890 000.00 | 881 904.51 | 0.06 |
| USD	BROADCOM INC-144A 2.60000% 21-15.02.33 | 3 205 000.00 | 3 051 575.18 | 0.22 |
| USD	BROADCOM INC-144A 3.41900% 21-15.04.33 | 767 000.00 | 782 195.02 | 0.06 |
| Total USD |  | 5 281 034.33 | 0.38 |
| Total Notes, fester Zins |  | 5 281 034.33 | 0.38 |
| Total Neuemittierte Wertpapiere und Geldmarktinstrumente |  | 5 281 034.33 | 0.38 |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
| Irland |  |
| --- | --- |
| EUR | ISHARES EURO HIGH YIELD CORPORATE BOND UCITS ETF EUR | 1 000.00 | 125 847.36 | 0.01 |
| USD | UBS (IRL) SELECT MONEY MARKET FUND-USD-S-DIST | 3 909.02 | 39 090 200.00 | 2.82 |
| GBP | UBS (IRL) SELECT MONEY MARKET FUND-GBP-S-DIST | 767.33 | 10 907 581.73 | 0.79 |
| Total Irland |  | 50 123 629.09 | 3.62 |
| Luxemburg |  |  |  |
| EUR	UBS (LUX) BOND FUND - EURO HIGH YIELD (EUR) I-X-ACC | 500.00 | 86 863.17 | 0.01 |
| USD	UBS (LUX) BOND SICAV - MULTI INCOME (USD)-U-X-ACC | 500.00 | 5 347 550.00 | 0.38 |
| Total Luxemburg |  | 5 434 413.17 | 0.39 |
| Total Investment Fonds, open end |  | 55 558 042.26 | 4.01 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 |  | 55 558 042.26 | 4.01 |
| Total des Wertpapierbestandes |  | 1 250 003 244.99 | 90.11 |

UBS (Lux) Bond SICAV – Global Dynamic (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) |  |
| Derivative Instrumente |  |  |  |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden Finanzterminkontrakte auf Anleihen |  |  |  |
|  |  |  |  |
| EUR	EURO BTP ITALY GOVERMENT FUTURE 08.06.21 | -10.00 | 8 803.08 | 0.00 |
| EUR	EURO-BUND FUTURE 08.06.21 | -150.00 | 183 397.50 | 0.02 |
| EUR	EURO-BOBL FUTURE 08.06.21 | -335.00 | -978.12 | 0.00 |
| EUR	EURO-BUXL FUTURE 08.06.21 | -190.00 | 1 430 989.56 | 0.10 |
| EUR	EURO-OAT FUTURE 08.06.21 | -50.00 | 88 642.13 | 0.01 |
| GBP	LONG GILT FUTURE 28.09.21 | -110.00 | 4 690.95 | 0.00 |
| JPY	JAPAN GOVERNMENT 10Y BOND (OSE) FUTURE 14.06.21 | 32.00 | 172 585.58 | 0.01 |
| USD	US 10YR TREASURY NOTE FUTURE 21.09.21 | -990.00 | 155 640.63 | 0.01 |
| USD	US LONG BOND FUTURE 21.09.21 | -140.00 | 87 500.00 | 0.01 |
| USD	US 10YR ULTRA NOTE FUTURE 21.09.21 | -500.00 | 175 781.50 | 0.01 |
| USD	US 2YR TREASURY NOTE FUTURE 30.09.21 | -270.00 | -2 109.51 | 0.00 |
| USD	US 5YR TREASURY NOTE FUTURE 30.09.21 | -530.00 | 24 843.75 | 0.00 |
| USD	US ULTRA LONG BOND (CBT) FUTURE 21.09.21 | -370.00 | 289 703.13 | 0.02 |
| Total Finanzterminkontrakte auf Anleihen |  | 2 619 490.18 | 0.19 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | 2 619 490.18 | 0.19 |

Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Swaps und Forward-Swaps auf Zinssätze
| USD USD | LCH/INTEREST RATE SWAP PAYER 2.29200% 20-03.02.25 LCH/INTEREST RATE SWAP REC 3ML 20-03.02.25 | -8 000 000.00 | -559 357.15 | -0.04 |
| --- | --- | --- | --- | --- |
| USD | LCH/INTEREST RATE SWAP PAYER 2.37200% 15-28.04.45 | -2 000 000.00 | -167 221.96 | -0.01 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 15-28.04.45 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.56500% 15-10.11.45 | -2 500 000.00 | -307 599.80 | -0.02 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 15-10.11.45 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.60800% 15-19.11.45 | -2 400 000.00 | -315 195.34 | -0.02 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 15-19.11.45 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.12350% 16-18.04.46 | -2 000 000.00 | -68 119.84 | 0.00 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 16-18.04.46 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.39400% 17-23.03.27 | -4 600 000.00 | -378 466.69 | -0.03 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 17-23.03.27 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.34600% 17-07.04.27 | -5 000 000.00 | -392 982.76 | -0.03 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 17-07.04.27 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.57230% 17-01.08.47 | -1 800 000.00 | -245 582.23 | -0.02 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 17-01.08.47 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 2.24850% 17-02.08.27 | -4 300 000.00 | -331 949.65 | -0.02 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 17-02.08.27 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.58300% 24-24.09.29 | -54 000 000.00 | 1 581 953.25 | 0.11 |
| NZD | LCH/INTEREST RATE SWAP REC 3MF 24-24.09.29 |  |  |  |
| USD | LCH/INTEREST RATE SWAP PAYER 1.29910% 20-03.03.50 | -5 800 000.00 | 896 080.79 | 0.06 |
| USD | LCH/INTEREST RATE SWAP REC 3ML 20-03.03.50 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 0.85750% 20-23.07.30 | -87 000 000.00 | 1 854 513.84 | 0.13 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIBR 20-23.07.30 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 0.13510% 20-16.09.30 | -100 000.00 | 7 655.97 | 0.00 |
| GBP | LCH/INTEREST RATE SWAP REC 12ML 20-16.09.30 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 2.11600% 20-23.01.30 | -142 000 000.00 | -1 150 033.09 | -0.08 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIB 20-23.01.30 |  |  |  |
| PLN | LCH/INTEREST RATE SWAP PAYER 1.91900% 20-10.02.30 | -155 000 000.00 | -517 019.70 | -0.04 |
| PLN | LCH/INTEREST RATE SWAP REC 6MWIB 20-10.02.30 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 1.51890% 15-05.06.45 | -300 000 000.00 | -698 619.75 | -0.06 |
| JPY | LCH/INTEREST RATE SWAP REC 6M LIBOR 15-05.06.45 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 1.55125% 15-08.06.45 | -300 000 000.00 | -719 798.84 | -0.05 |
| JPY | LCH/INTEREST RATE SWAP REC 6M LIBOR 15-08.06.45 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 1.56450% 15-15.06.45 | -200 000 000.00 | -485 260.95 | -0.03 |
| JPY | LCH/INTEREST RATE SWAP REC 6M LIBOR 15-15.06.45 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 1.45625% 15-23.06.45 | -200 000 000.00 | -437 725.76 | -0.03 |
| JPY | LCH/INTEREST RATE SWAP REC 6M LIBOR 15-23.06.45 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 1.52750% 15-06.07.45 | -300 000 000.00 | -702 028.74 | -0.05 |
| JPY | LCH/INTEREST RATE SWAP REC 6M LIBOR 15-06.07.45 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.56750% 16-05.04.46 | -250 000 000.00 | -54 003.68 | 0.00 |
| JPY | LCH/INTEREST RATE SWAP REC 6M LIBOR 16-05.04.46 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.59900% 16-30.04.46 | -200 000 000.00 | -56 158.99 | 0.00 |
| JPY | LCH/INTEREST RATE SWAP REC 6M LIBOR 16-30.04.46 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.52500% 16-23.09.46 | -210 000 000.00 | -23 260.25 | 0.00 |
| JPY | LCH/INTEREST RATE SWAP REC 6M LIBOR 16-23.09.46 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.79150% 17-29.05.47 | -160 000 000.00 | -111 170.60 | -0.01 |
| JPY | LCH/INTEREST RATE SWAP REC 6M LIBOR 17-29.05.47 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.87750% 17-28.07.47 | -160 000 000.00 | -147 466.04 | -0.01 |
| JPY | LCH/INTEREST RATE SWAP REC 6M LIBOR 17-28.07.47 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.91625% 18-27.02.48 | -160 000 000.00 | -161 064.82 | -0.01 |
| JPY | LCH/INTEREST RATE SWAP REC 6M LIBOR 18-27.02.48 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.71375% 18-27.12.48 | -440 000 000.00 | -231 746.94 | -0.02 |
| JPY | LCH/INTEREST RATE SWAP REC 6M LIBOR 18-27.12.48 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.63500% 19-14.03.49 | -390 000 000.00 | -123 053.93 | -0.01 |
| JPY | LCH/INTEREST RATE SWAP REC 6M LIBOR 19-14.03.49 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 0.54275% 19-10.04.49 | -355 000 000.00 | -29 110.90 | 0.00 |
| JPY | LCH/INTEREST RATE SWAP REC 6M LIBOR 19-10.04.49 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 0.34200% 20-10.09.50 | -10 000.00 | 2 110.61 | 0.00 |
| GBP | LCH/INTEREST RATE SWAP REC SONIA O/N 20-10.09.50 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 0.63290% 21-11.02.51 | -7 200 000.00 | 761 627.80 | 0.05 |
| GBP | LCH/INTEREST RATE SWAP REC SONIA O/N 21-11.02.51 |  |  |  |
| GBP | LCH/INTEREST RATE SWAP PAYER 0.84167% 21-19.02.51 | -9 100 000.00 | 253 859.08 | 0.02 |
| GBP | LCH/INTEREST RATE SWAP REC SONIA O/N 21-19.02.51 |  |  |  |

UBS (Lux) Bond SICAV – Global Dynamic (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 | LCH/INTEREST RATE SWAP PAYER 0.88540% 21-28.02.51 | -18 400 000.00 | 215 598.09 | 0.02 |
| GBP | LCH/INTEREST RATE SWAP REC SONIA O/N 21-28.02.51 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.20750% 19-27.09.29 | -35 900 000.00 | 1 238 095.00 | 0.09 |
| NZD | LCH/INTEREST RATE SWAP REC 3MFRA 19-27.09.29 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.67500% 24-30.10.29 | -32 000 000.00 | 859 258.80 | 0.06 |
| NZD | LCH/INTEREST RATE SWAP REC 3MFRA 24-30.10.29 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP PAYER 3.49750% 19-25.06.24 | -5 000 000.00 | -370 853.11 | -0.03 |
| CAD | LCH/INTEREST RATE SWAP REC 3MCAD 19-25.06.24 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP PAYER 1.47300% 24-15.10.29 | -55 000 000.00 | 1 834 387.83 | 0.13 |
| NZD | LCH/INTEREST RATE SWAP REC 3MFRA 24-15.10.29 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP PAYER 2.80500% 21-02.04.26 | -755 000 000.00 | -491 534.60 | -0.04 |
| CNY | CITI/INTEREST RATE SWAP REC CNRR007 21-02.04.26 |  |  |  |
| NZD | BC/INTEREST RATE SWAP REC 5.20000% 13-09.12.23 | 1 200 000.00 | 118 906.39 | 0.01 |
| NZD | BC/INTEREST RATE SWAP PAYER 3MFRA 13-09.12.23 |  |  |  |
| NZD | BC/INTEREST RATE SWAP REC 5.14300% 14-17.02.24 | 2 100 000.00 | 201 833.70 | 0.01 |
| NZD | BC/INTEREST RATE SWAP PAYER 3ML 14-17.02.24 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP PAYER 6ML 25-22.10.45 | 350 000 000.00 | 788 486.29 | 0.06 |
| JPY | LCH/INTEREST RATE SWAP REC 1.85125% 25-27.10.45 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP PAY CNRR007 19-02.04.24 | 105 000 000.00 | 212 271.49 | 0.01 |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 3.02250% 19-02.04.24 |  |  |  |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 19-20.04.29 | 160 000 000.00 | 854 294.17 | 0.06 |
| MXN | CME/INTEREST RATE SWAP REC 8.20500% 19-20.04.29 |  |  |  |
| CNY | HSBC/INTEREST RATE SWAP PAYER CNRR007 19-16.07.24 | 90 000 000.00 | 116 771.06 | 0.01 |
| CNY | HSBC/INTEREST RATE SWAP REC 2.87250% 19-16.07.24 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 19-10.09.24 | 180 000 000.00 | 163 221.39 | 0.01 |
| CNY | CITI/INTEREST RATE SWAP REC 2.78300% 19-10.09.24 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 19-19.09.24 | 75 000 000.00 | 129 193.00 | 0.01 |
| CNY | CITI/INTEREST RATE SWAP REC 2.94000% 19-19.09.24 |  |  |  |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 19-26.09.29 | 150 000 000.00 | 45 569.87 | 0.00 |
| MXN | CME/INTEREST RATE SWAP REC 6.68000% 19-26.09.29 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 19-21.10.24 | 140 000 000.00 | 239 331.20 | 0.02 |
| CNY | CITI/INTEREST RATE SWAP REC 2.96250% 19-21.10.24 |  |  |  |
| CNY | CITIGROUP/INTEREST RATE SWAP REC 3.03500% 19-23.10.24 | 271 000 000.00 | 568 927.02 | 0.04 |
| CNY | CITIGROUP/INTEREST RATE SWAP PAYER CNRR007 19-23.10.24 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 3.15750% 19-30.10.24 | 111 000 000.00 | 302 052.07 | 0.02 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 19-30.10.24 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.92500% 20-16.01.25 | 114 000 000.00 | 175 371.38 | 0.01 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-16.01.25 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.84250% 20-09.01.30 | 320 000 000.00 | 250 685.76 | 0.02 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 20-09.01.30 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.53600% 20-14.02.30 | 245 000 000.00 | -84 283.42 | -0.01 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 20-14.02.30 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.45000% 20-03.03.25 | 405 000 000.00 | -480 274.50 | -0.03 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-03.03.25 |  |  |  |
| CNY | HSBC/INTEREST RATE SWAP REC 2.30500% 20-08.06.25 | 135 000 000.00 | -307 828.27 | -0.02 |
| CNY | HSBC/INTEREST RATE SWAP PAYER CNRR007 20-08.06.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.23500% 20-10.06.25 | 110 000 000.00 | -302 990.29 | -0.02 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-10.06.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.27000% 20-11.06.25 | 80 000 000.00 | -201 481.62 | -0.01 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-11.06.25 |  |  |  |
| CNY | JPMORGAN/INTEREST RATE SWAP REC 2.19500% 20-12.06.25 | 137 000 000.00 | -410 418.46 | -0.03 |
| CNY | JPMORGAN/INTEREST RATE SWAP PAYER CNRR007 20-12.06.25 |  |  |  |
| CNY | CITI/INTEREST RATE SWAP REC 2.24500% 20-17.06.25 | 300 000 000.00 | -814 824.07 | -0.06 |
| CNY | CITI/INTEREST RATE SWAP PAYER CNRR007 20-17.06.25 |  |  |  |
| JPY | LCH/INTEREST RATE SWAP REC 0.32000% 16-21.09.31 | 400 000 000.00 | 72 973.75 | 0.01 |
| JPY | LCH/INTEREST RATE SWAP PAYER 6M LIBOR 16-21.09.31 |  |  |  |
| NZD | LCH/INTEREST RATE SWAP REC 1.22000% 19-21.11.24 | 42 500 000.00 | 262 978.32 | 0.02 |
| NZD | LCH/INTEREST RATE SWAP PAYER 3MFRA 19-21.11.24 |  |  |  |
| MXN | CME/INTEREST RATE SWAP REC 6.28000% 16-23.07.26 | 95 000 000.00 | 37 887.86 | 0.00 |
| MXN | CME/INTEREST RATE SWAP PAYER MXI 16-23.07.26 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP REC 2.34500% 20-03.02.25 | 10 000 000.00 | 418 681.86 | 0.03 |
| CAD | LCH/INTEREST RATE SWAP PAYER 3MCAD 20-03.02.25 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP REC 1.83100% 24-19.09.29 | 46 000 000.00 | -822 438.03 | -0.06 |
| CAD | LCH/INTEREST RATE SWAP PAYER 3MCAD 24-19.09.29 |  |  |  |
| CAD | LCH/INTEREST RATE SWAP REC 1.68250% 19-02.10.24 | 30 000 000.00 | 574 271.72 | 0.04 |
| CAD | LCH/INTEREST RATE SWAP PAYER 3MCAD 19-02.10.24 |  |  |  |
| Total Swaps und Forward-Swaps auf Zinssätze |  | 2 337 924.59 | 0.16 |
| Credit-Default-Swaps* |  |  |  |
|  |  |  |  |
| USD	BOA/MEX CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -8 750 000.00 | -153 596.14 | -0.01 |
| USD	CITIBANK/BRAZIL CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -5 500 000.00 | 12 368.71 | 0.00 |
| USD	JPMORGAN/BRAZIL CREDIT DEFAULT SWAP PAYER 1.00000% 19-20.06.24 | -5 500 000.00 | 12 368.71 | 0.00 |
| USD	BOA/TURKEY CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 8 750 000.00 | -707 347.86 | -0.05 |
| USD	CITIBANK/SOAF CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 5 500 000.00 | -25 380.61 | 0.00 |
| USD	JPMORGAN/SOAF CREDIT DEFAULT SWAP REC 1.00000% 19-20.06.24 | 5 500 000.00 | -25 380.61 | 0.00 |
| Total Credit-Default-Swaps |  | -886 967.80 | -0.06 |
| Total Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden |  | 1 450 956.79 | 0.10 |
| Total Derivative Instrumente |  | 4 070 446.97 | 0.29 |
| Devisenterminkontrakte |  |  |  |
| Gekaufte Währung/ Gekaufter Betrag/Verkaufte Währung/Verkaufter Betrag/Fälligkeitsdatum |  |  |  |

| USD | 19 496 806.96 | CNY | 126 700 000.00 | 4.6.2021 | -414 506.24 | -0.03 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 3 681 991.36 | JPY | 400 700 000.00 | 4.6.2021 | 19 089.82 | 0.00 |
| USD | 36 848 820.35 | RUB | 2 770 736 500.00 | 4.6.2021 | -915 428.41 | -0.07 |
| USD | 13 814 807.49 | TWD | 384 100 000.00 | 4.6.2021 | -104 801.13 | -0.01 |
| MYR | 45 336 000.00 | USD | 11 053 517.01 | 4.6.2021 | -62 638.50 | -0.01 |
| INR | 895 900 000.00 | USD | 12 037 621.77 | 4.6.2021 | 298 563.07 | 0.02 |
| IDR | 162 720 900 000.00 | USD | 11 226 002.07 | 4.6.2021 | 172 468.67 | 0.01 |
| USD | 27 371 623.02 | PHP | 1 327 250 000.00 | 4.6.2021 | -457 214.06 | -0.03 |

* Nominal positiv: der Subfonds ist «Receiver», Nominal negativ: der Subfonds ist «Payer».
UBS (Lux) Bond SICAV – Global Dynamic (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
| USD | 7 965 942.57 | BRL | 42 850 000.00 | 4.6.2021 | -198 281.87 | -0.01 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 27 787 015.95 | CLP | 19 517 600 000.00 | 4.6.2021 | 742 841.75 | 0.05 |
| COP | 50 819 755 000.00 | USD | 13 580 000.00 | 4.6.2021 | 124 504.15 | 0.01 |
| AUD | 11 240 000.00 | USD | 8 683 107.94 | 4.6.2021 | 17 251.53 | 0.00 |
| USD | 222 737 012.73 | NZD | 311 310 000.00 | 4.6.2021 | -3 896 148.43 | -0.28 |
| USD | 236 254 991.78 | EUR | 196 445 000.00 | 4.6.2021 | -3 933 725.44 | -0.28 |
| USD | 78 466 534.34 | GBP | 56 530 000.00 | 4.6.2021 | -1 890 954.88 | -0.14 |
| USD | 76 321 752.13 | CAD | 93 955 000.00 | 4.6.2021 | -1 448 913.18 | -0.10 |
| USD | 95 072 880.83 | ZAR | 1 380 700 000.00 | 4.6.2021 | -5 545 389.28 | -0.40 |
| USD | 10 598 061.30 | CHF | 9 680 000.00 | 4.6.2021 | -165 566.98 | -0.01 |
| TRY | 46 970 000.00 | USD | 5 567 772.83 | 4.6.2021 | -30 350.92 | 0.00 |
| USD | 3 493 147.71 | MXN | 70 960 000.00 | 4.6.2021 | -70 690.58 | -0.01 |
| PLN | 65 110 000.00 | USD | 17 209 775.03 | 4.6.2021 | 564 609.59 | 0.04 |
| USD | 15 037 782.58 | SEK | 127 100 000.00 | 4.6.2021 | -290 025.70 | -0.02 |
| JPY | 1 479 005 391.00 | NOK | 111 570 000.00 | 4.6.2021 | 108 859.84 | 0.01 |
| MXN | 38 650 000.00 | USD | 1 915 674.44 | 4.6.2021 | 25 452.25 | 0.00 |
| USD | 5 787 343.96 | JPY | 634 000 000.00 | 4.6.2021 | -8 212.76 | 0.00 |
| CLP | 9 595 278 000.00 | USD | 13 545 000.00 | 4.6.2021 | -249 493.91 | -0.02 |
| USD | 13 765 000.00 | RUB | 1 020 261 800.00 | 4.6.2021 | -140 840.71 | -0.01 |
| MXN | 41 331 069.31 | GBP | 1 465 000.00 | 4.6.2021 | -6 721.15 | 0.00 |
| JPY | 1 510 703 838.00 | CAD | 16 695 000.00 | 4.6.2021 | -9 450.69 | 0.00 |
| ZAR | 727 940 000.00 | USD | 51 227 160.51 | 4.6.2021 | 1 821 339.19 | 0.13 |
| USD | 13 770 000.00 | MXN | 272 432 565.00 | 4.6.2021 | 87 564.74 | 0.01 |
| USD | 2 754 550.29 | JPY | 300 000 000.00 | 4.6.2021 | 12 173.29 | 0.00 |
| IDR | 198 848 625 000.00 | USD | 13 785 000.00 | 4.6.2021 | 144 189.38 | 0.01 |
| KRW | 15 600 484 500.00 | USD | 13 785 000.00 | 4.6.2021 | 260 653.92 | 0.02 |
| USD | 13 785 000.00 | PHP | 661 404 300.00 | 4.6.2021 | -82 856.48 | -0.01 |
| USD | 12 229 881.92 | INR | 895 900 000.00 | 4.6.2021 | -106 302.92 | -0.01 |
| USD | 1 242 677.08 | ZAR | 17 430 000.00 | 4.6.2021 | -27 531.11 | 0.00 |
| TRY | 10 415 000.00 | USD | 1 236 395.55 | 4.6.2021 | -8 542.68 | 0.00 |
| CLP | 9 922 322 000.00 | USD | 13 865 737.84 | 4.6.2021 | -117 069.73 | -0.01 |
| USD | 13 679 611.04 | COP | 50 819 755 000.00 | 4.6.2021 | -24 893.11 | 0.00 |
| NOK | 113 620 000.00 | SEK | 112 649 117.10 | 4.6.2021 | 72 441.03 | 0.01 |
| EUR | 565 779 900.00 | USD | 694 059 742.51 | 28.6.2021 | -1 988 448.20 | -0.14 |
| CHF | 146 658 500.00 | USD | 164 308 429.32 | 28.6.2021 | -1 137 136.53 | -0.08 |
| CHF | 626 200.00 | USD | 699 443.64 | 28.6.2021 | -2 737.59 | 0.00 |
| USD | 25 284 582.17 | IDR | 361 569 525 000.00 | 4.6.2021 | -43 077.95 | 0.00 |
| IDR | 361 569 600 000.00 | USD | 25 215 817.00 | 6.7.2021 | 80 641.75 | 0.01 |
| USD | 3 500 040.19 | EUR | 2 870 000.00 | 4.6.2021 | -9 041.84 | 0.00 |
| USD | 2 526 994.75 | PLN | 9 285 000.00 | 4.6.2021 | -7 718.22 | 0.00 |
| BRL | 42 850 000.00 | USD | 8 096 362.78 | 4.6.2021 | 67 861.66 | 0.00 |
| USD | 8 072 416.26 | BRL | 42 850 000.00 | 6.7.2021 | -68 699.27 | -0.01 |
| EUR | 1 685 100.00 | USD | 2 054 490.77 | 1.6.2021 | 5 796.75 | 0.00 |
| EUR | 4 737 700.00 | USD | 5 779 127.00 | 28.6.2021 | 16 105.69 | 0.00 |
| PHP | 1 988 654 300.00 | USD | 41 621 061.11 | 4.6.2021 | 75 632.44 | 0.01 |
| MYR | 45 336 000.00 | USD | 10 952 047.35 | 6.7.2021 | 32 077.30 | 0.00 |
| USD | 41 500 417.36 | PHP | 1 988 700 000.00 | 6.7.2021 | -119 070.87 | -0.01 |
| USD | 10 956 017.40 | MYR | 45 336 000.00 | 4.6.2021 | -34 861.11 | 0.00 |
| KRW | 15 601 000 000.00 | USD | 13 971 003.07 | 6.7.2021 | 98 090.14 | 0.01 |
| USD | 13 969 790.82 | KRW | 15 600 484 500.00 | 4.6.2021 | -75 863.10 | -0.01 |
| USD | 51 320 210.64 | RUB | 3 790 998 300.00 | 6.7.2021 | -127 826.14 | -0.01 |
| RUB | 3 790 998 300.00 | USD | 51 543 144.80 | 4.6.2021 | 126 944.67 | 0.01 |
| USD | 13 894 515.99 | TWD | 384 100 000.00 | 6.7.2021 | -102 441.93 | -0.01 |
| TWD | 384 100 000.00 | USD | 13 846 431.15 | 4.6.2021 | 73 177.47 | 0.01 |
| CNY | 126 700 000.00 | USD | 19 860 490.63 | 4.6.2021 | 50 822.57 | 0.00 |
| USD | 19 826 304.67 | CNY | 126 700 000.00 | 6.7.2021 | -7 278.51 | 0.00 |
| CHF | 742 300.00 | USD | 826 583.31 | 28.6.2021 | -705.16 | 0.00 |
| Total Devisenterminkontrakte | -18 832 304.61 | -1.36 |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 169 519 458.21* | 12.22 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -23 525 719.93 | -1.70 |
| Andere Aktiva und Passiva | 6 038 823.36 | 0.44 |
| Total des Nettovermögens | 1 387 273 948.99 | 100.00 |

* Zum 31. Mai 2021 wurden gegenüber Bank of America Bankguthaben in Höhe von USD 1 030 000.00, Citibank Bankguthaben in Höhe von USD 580 000.00, Goldman Sachs in Höhe von USD 690 000.00, HSBC Bank Bankguthaben in Höhe von USD 400 000.00 und JP Morgan Bankguthaben in Höhe von USD 164 000.00 als Sicherheit eingesetzt.
UBS (Lux) Bond SICAV – Global Dynamic (USD)
Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021