# UBS (Lux) Bond SICAV
– Short Term USD Corporates (USD)
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 31.5.2021 | 31.5.2020 | 31.5.2019 |
| Net assets in USD |  | 1 008 206 695.37 | 877 789 937.60 | 953 896 328.05 |
| Class F-acc | LU0396352246 |  |  |  |
| Shares outstanding |  | 354 929.2490 | 419 131.3950 | 491 720.0000 |
| Net asset value per share in USD |  | 115.73 | 111.94 | 107.98 |
| Issue and redemption price per share in USD 1 |  | 115.73 | 111.94 | 107.98 |
| Class (CHF hedged) F-acc | LU1289971720 |  |  |  |
| Shares outstanding |  | 392 668.0000 | 301 244.0000 | 224 490.0000 |
| Net asset value per share in CHF |  | 102.89 | 100.71 | 100.18 |
| Issue and redemption price per share in CHF 1 |  | 102.89 | 100.71 | 100.18 |
| Class (EUR hedged) F-acc | LU1717044058 |  |  |  |
| Shares outstanding |  | 194 570.7880 | 253 762.7880 | 281 761.0000 |
| Net asset value per share in EUR |  | 103.32 | 100.93 | 99.87 |
| Issue and redemption price per share in EUR 1 |  | 103.32 | 100.93 | 99.87 |
| Class I-A1-acc | LU0849031678 |  |  |  |
| Shares outstanding |  | 367 843.0520 | 104 598.6990 | 107 523.5840 |
| Net asset value per share in USD |  | 118.60 | 114.88 | 110.97 |
| Issue and redemption price per share in USD 1 |  | 118.60 | 114.88 | 110.97 |
| Class I-A2-acc | LU0838529096 |  |  |  |
| Shares outstanding |  | 21 153.0110 | 28 776.7380 | 71 658.4120 |
| Net asset value per share in USD |  | 119.39 | 115.59 | 111.58 |
| Issue and redemption price per share in USD 1 |  | 119.39 | 115.59 | 111.58 |
| Class I-B-acc | LU0396353483 |  |  |  |
| Shares outstanding |  | 775 546.7270 | 432 286.4070 | 445 264.0100 |
| Net asset value per share in USD |  | 118.86 | 114.71 | 110.35 |
| Issue and redemption price per share in USD 1 |  | 118.86 | 114.71 | 110.35 |
| Class (EUR hedged) I-B-acc | LU1323607827 |  |  |  |
| Shares outstanding |  | 678 297.3960 | 446 504.5090 | 570 012.7370 |
| Net asset value per share in EUR |  | 105.74 | 103.04 | 101.66 |
| Issue and redemption price per share in EUR 1 |  | 105.74 | 103.04 | 101.66 |
| Class I-X-acc | LU0396353640 |  |  |  |
| Shares outstanding |  | 617 147.4280 | 629 678.4730 | 605 820.5070 |
| Net asset value per share in USD |  | 119.57 | 115.32 | 110.86 |
| Issue and redemption price per share in USD 1 |  | 119.57 | 115.32 | 110.86 |
| Class (CHF hedged) I-X-acc | LU0920821211 |  |  |  |
| Shares outstanding |  | 2 035 224.9160 | 2 234 861.3020 | 2 646 821.5390 |
| Net asset value per share in CHF |  | 105.05 | 102.50 | 101.60 |
| Issue and redemption price per share in CHF 1 |  | 105.05 | 102.50 | 101.60 |
| Class (EUR hedged) I-X-acc | LU1632887292 |  |  |  |
| Shares outstanding |  | 728 623.6320 | 698 516.7320 | 892 919.6540 |
| Net asset value per share in EUR |  | 104.03 | 101.30 | 99.88 |
| Issue and redemption price per share in EUR 1 |  | 104.03 | 101.30 | 99.88 |
| Class (EUR hedged) I-X-UKdist 2 | LU1885553575 |  |  |  |
| Shares outstanding |  | - | 66 800.0000 | 190 000.0000 |
| Net asset value per share in EUR |  | - | 101.13 | 101.81 |
| Issue and redemption price per share in EUR 1 |  | - | 101.13 | 101.81 |
| Class (CHF hedged) K-B-acc 3 | LU2273245626 |  |  |  |
| Shares outstanding |  | 5 498.7010 | - | - |
| Net asset value per share in CHF |  | 100.28 | - | - |
| Issue and redemption price per share in CHF 1 |  | 100.28 | - | - |
| Class K-B-mdist 4 | LU2204822436 |  |  |  |
| Shares outstanding |  | 92 248.4920 | - | - |
| Net asset value per share in USD |  | 101.02 | - | - |
| Issue and redemption price per share in USD 1 |  | 101.02 | - | - |
| Class (EUR hedged) K-B-mdist 5 | LU2204822865 |  |  |  |
| Shares outstanding Net asset value per share in EUR Issue and redemption price per share in EUR 1 |  | - - - | - - - | - - - |
| Class K-X-acc 6 | LU1564462387 |  |  |  |
| Shares outstanding |  | - | 136 879.8750 | 136 879.8750 |
| Net asset value per share in USD |  | - | 110.37 | 106.15 |
| Issue and redemption price per share in USD 1 |  | - | 110.37 | 106.15 |
| Class (EUR hedged) K-X-acc | LU1620846318 |  |  |  |
| Shares outstanding |  | 25.5790 | 23 475.2070 | 64 115.3400 |
| Net asset value per share in EUR |  | 104.05 | 101.36 | 99.98 |
| Issue and redemption price per share in EUR 1 |  | 104.05 | 101.36 | 99.98 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Annual report and audited financial statements as of 31 May 2021
|  | ISIN | 31.5.2021 | 31.5.2020 | 31.5.2019 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class P-acc | LU0151774972 |  |  |  |
| Shares outstanding |  | 415 204.4590 | 341 732.9980 | 390 038.9990 |
| Net asset value per share in USD |  | 149.83 | 145.74 | 141.42 |
| Issue and redemption price per share in USD 1 |  | 149.83 | 145.74 | 141.42 |
| Class Q-acc | LU0396352592 |  |  |  |
| Shares outstanding |  | 144 134.9500 | 147 443.7160 | 173 891.6210 |
| Net asset value per share in USD |  | 120.86 | 117.14 | 113.21 |
| Issue and redemption price per share in USD 1 |  | 120.86 | 117.14 | 113.21 |
| Class U-X-acc | LU0396353996 |  |  |  |
| Shares outstanding |  | 15 520.0000 | 15 617.0000 | 14 831.0000 |
| Net asset value per share in USD |  | 11 458.80 | 11 051.43 | 10 624.42 |
| Issue and redemption price per share in USD 1 |  | 11 458.80 | 11 051.43 | 10 624.42 |
| Class U-X-UKdist-mdist 7 | LU1839734792 |  |  |  |

| - | - | 383.0000 |
| --- | --- | --- |
| - | - | 10 175.90 |
| - | - | 10 175.90 |

Shares outstanding
Net asset value per share in USD
Issue and redemption price per share in USD
1
| 1  See note 1 |  |
| --- | --- |
| 2  The share class (EUR hedged) I-X-UKdist was in circulation until 17.9.2020 |
| 3  First NAV: 22.12.2020 |
| 4  First NAV: 31.7.2020 |
| 5  For the period from 7.8.2020 to 23.3.2021 the share class (EUR hedged) K-B-mdist was in circulation |
| 6  The share class K-X-acc was in circulation until 5.8.2020 |
| 7  For the period from 9.7.2018 to 21.10.2019 the share class U-X-UKdist-mdist was in circulation |
| Performance |
|  | Currency | 2020/2021 | 2019/2020 | 2018/2019 |
| Class F-acc | USD | 3.4% | 3.7% | 4.1% |
| Class (CHF hedged) F-acc | CHF | 2.2% | 0.5% | 0.7% |
| Class (EUR hedged) F-acc | EUR | 2.4% | 1.1% | 1.2% |
| Class I-A1-acc | USD | 3.2% | 3.5% | 4.0% |
| Class I-A2-acc | USD | 3.3% | 3.6% | 4.0% |
| Class I-B-acc | USD | 3.6% | 4.0% | 4.4% |
| Class (EUR hedged) I-B-acc | EUR | 2.6% | 1.4% | 1.4% |
| Class I-X-acc | USD | 3.7% | 4.0% | 4.4% |
| Class (CHF hedged) I-X-acc | CHF | 2.5% | 0.9% | 1.0% |
| Class (EUR hedged) I-X-acc | EUR | 2.7% | 1.4% | 1.5% |
| Class (EUR hedged) I-X-UKdist 1 | EUR | - | 1.4% | - |
| Class (CHF hedged) K-B-acc 2 | CHF | - | - | - |
| Class K-B-mdist 2 | USD | - | - | - |
| Class (EUR hedged) K-B-mdist 3 | EUR | - | - | - |
| Class K-X-acc 4 | USD | - | 4.0% | 4.4% |
| Class (EUR hedged) K-X-acc | EUR | 2.7% | 1.4% | 1.5% |
| Class P-acc | USD | 2.8% | 3.1% | 3.5% |
| Class Q-acc | USD | 3.2% | 3.5% | 3.9% |
| Class U-X-acc | USD | 3.7% | 4.0% | 4.5% |
| Class U-X-UKdist-mdist 5 | USD | - | - | - |
| Benchmark: Bloomberg Barclays Eurodollar Corporate 1-3yrs | USD | 2.8% | 4.4% | 4.4% |
| Bloomberg Barclays Eurodollar Corporate 1-3yrs (hedged CHF) | CHF | 1.6% | 1.4% | 0.9% |
| Bloomberg Barclays Eurodollar Corporate 1-3yrs (hedged EUR) | EUR | 1.9% | 1.8% | 1.3% |

1 
The share class (EUR hedged) I-X-UKdist was in circulation until 17.9.2020. Due to this fact, there is no data for the calculation of the performance available.
2 
Due to the recent launch, there is no data for the calculation of the performance available.
3 
For the period from 7.8.2020 to 23.3.2021 the share class (EUR hedged) K-B-mdist was in circulation. Due to this fact, there is no data for the calculation of the performance available.
4 
The share class K-X-acc was in circulation until 5.8.2020. Due to this fact, there is no data for the calculation of the performance available.
5 
For the period from 9.7.2018 to 21.10.2019 the share class U-X-UKdist-mdist was in circulation. Due to this fact, 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.
UBS (Lux) Bond SICAV – Short Term USD Corporates (USD)
Annual report and audited financial statements as of 31 May 2021

## Report of the Portfolio Manager
In the financial year, from 1 June 2020 to 31 May 2021, US fixed income markets were able to deliver a positive performance.
The huge amount of stimulus thrown at the pandemic by policymakers across the globe since spring 2020, and in particular by the US Federal Reserve and the US Government, calmed financial markets down. Further, US economic data has recently been on a very positive trend since social distancing restrictions continue to be eased and mobility indicators have improved, plus Q1 2021 earnings releases showed promising company results. During the financial year, the Fed left cash rates unchanged at zero (specifically 0%-0.25% range) and they continue to maintain their aggressive easing mode as the economy continues to recover from COVID-19.
US investment grade corporate credit spreads steadily tightened over the financial year and were close to 100bp tighter at the end of May 2021. The technical outlook is still positive for the asset class with the Fed buying and strong demand from global investors looking for yield. In addition, IG rated US industrial companies (non-financial, utilities) added a total of about $500bn of new cash to their balance sheets in 2020. The expecta- tion is that those companies use their cash on balance sheets this year to bring down leverage to pre-COVID-19 levels rather than issuing new debt.
The subfund generated a positive performance in the financial year. The tightening of credit spreads in the 1-3 year segment as well as the running income had a posi- tive impact on performance while stable short-dated US Treasury yields were performance neutral. The subfund has followed a diversified approach, investing across a range of industries and issuers. The option-adjusted duration of the subfund at the end of the financial year was slightly shorter compared to the prior year at 1.9 years. Duration management, spread management and mainly issue selection contributed positively to relative performance.

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| United States | 49.20 |
| --- | --- |
| United Kingdom | 9.26 |
| The Netherlands | 4.55 |
| Ireland | 4.14 |
| France | 4.14 |
| Cayman Islands | 3.27 |
| Australia | 2.68 |
| Switzerland | 2.58 |
| Canada | 1.72 |
| Denmark | 1.72 |
| Spain | 1.69 |
| Italy | 1.40 |
| Germany | 1.34 |
| Sweden | 1.25 |
| China | 1.17 |
| South Korea | 0.93 |
| Turkey | 0.86 |
| United Arab Emirates | 0.64 |
| Luxembourg | 0.63 |
| Mexico | 0.61 |
| Norway | 0.59 |
| Japan | 0.59 |
| Guernsey | 0.53 |
| New Zealand | 0.52 |
| Finland | 0.42 |
| Mauritius | 0.41 |
| Singapore | 0.38 |
| Hong Kong | 0.33 |
| Belgium | 0.32 |
| Multinationals | 0.32 |
| Venezuela | 0.32 |
| Jersey | 0.31 |
| Colombia | 0.30 |
| Uzbekistan | 0.28 |
| Saudi Arabia | 0.12 |
| Bermuda | 0.06 |
| Total | 99.58 |

Economic Breakdown as a % of net assets	
| Banks & credit institutions | 35.14 |
| --- | --- |
| Finance & holding companies | 25.98 |
| Petroleum | 4.42 |
| Telecommunications | 4.08 |
| Investment funds | 3.80 |
| Internet, software & IT services | 3.30 |
| Energy & water supply | 2.90 |
| Computer hardware & network equipment providers | 2.51 |
| Vehicles | 2.49 |
| Pharmaceuticals, cosmetics & medical products | 2.20 |
| Mortgage & funding institutions | 1.93 |
| Traffic & transportation | 1.72 |
| Aerospace industry | 1.47 |
| Tobacco & alcohol | 1.07 |
| Miscellaneous unclassified companies | 0.89 |
| Mining, coal & steel | 0.83 |
| Healthcare & social services | 0.72 |
| Supranational organisations | 0.62 |
| Retail trade, department stores | 0.49 |
| Real Estate | 0.42 |
| Insurance | 0.33 |
| Food & soft drinks | 0.33 |
| Graphic design, publishing & media | 0.32 |
| Precious metals & stones | 0.32 |
| Countries & central governments | 0.30 |
| Miscellaneous services | 0.30 |
| Mechanical engineering & industrial equipment | 0.21 |
| Packaging industry | 0.20 |
| Electronics & semiconductors | 0.20 |
| Building industry & materials | 0.09 |
| Total | 99.58 |

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

## Statement of Net Assets
Assets	31.5.2021
USD
Investments in securities, cost	993 152 008.44
| Investments in securities, unrealized appreciation (depreciation) | 	10 778 764.52	 |
| --- | --- |
| Total investments in securities (Note 1) | 1 003 930 772.96 |
| Cash at banks, deposits on demand and deposit accounts | 14 265 008.28 |
| Other liquid assets (Margins) | 350 647.25 |
| Receivable on subscriptions | 573 093.59 |
| Interest receivable on securities | 7 676 819.51 |
| Receivable on dividends | 1 067.79 |
| Unrealized gain on forward foreign exchange contracts (Note 1) | 9 572 506.85 |
| Total Assets | 1 036 369 916.23 |
|  |  |
| Liabilities |  |
| Unrealized loss on financial futures (Note 1) | -19 140.63 |
| Interest payable on bank overdraft | -4.86 |
| Payable on securities purchases (Note 1) | -13 397 891.18 |
| Payable on redemptions | -14 512 582.70 |
| Provisions for flat fee (Note 2) | -154 306.39 |
| Provisions for taxe d’abonnement (Note 3) | -22 756.21 |
| Provisions for other commissions and fees (Note 2) | 	-56 538.89	 |
| Total provisions | -233 601.49 |
| Total Liabilities | -28 163 220.86 |
|  |  |
| Net assets at the end of the financial year | 1 008 206 695.37 |
| Statement of Operations | USD |
| Income | 1.6.2020-31.5.2021 |
| Interest on liquid assets | 282.12 |
| Interest on securities | 28 572 443.26 |
| Dividends | 44 842.16 |
| Income on securities lending (Note 16) | 107 287.87 |
| Other income (Note 4) | 708 204.62 |
| Total income | 29 433 060.03 |
|  |  |
| Expenses |  |
| Flat fee (Note 2) | -1 190 422.31 |
| Taxe d’abonnement (Note 3) | -137 083.85 |
| Cost on securities lending (Note 16) | -42 915.15 |
| Other commissions and fees (Note 2) | -77 368.52 |
| Interest on cash and bank overdraft | -1 562.45 |
| Total expenses | -1 449 352.28 |
|  |  |
| Net income (loss) on investments | 27 983 707.75 |
|  |  |
| Realized gain (loss) (Note 1) |  |
| Realized gain (loss) on market-priced securities without options | 1 647 830.91 |
| Realized gain (loss) on options | -136 300.00 |
| Realized gain (loss) on financial futures | 2 500 082.01 |
| Realized gain (loss) on forward foreign exchange contracts | 31 609 719.83 |
| Realized gain (loss) on foreign exchange | -2 109 173.31 |
| Total realized gain (loss) | 33 512 159.44 |
|  |  |
| Net realized gain (loss) of the financial year | 61 495 867.19 |
|  |  |
| Changes in unrealized appreciation (depreciation) (Note 1) |  |
| Unrealized appreciation (depreciation) on market-priced securities without options | 1 981 024.73 |
| Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments | 105 342.89 |
| Unrealized appreciation (depreciation) on financial futures | -1 939 420.70 |
| Unrealized appreciation (depreciation) on forward foreign exchange contracts | 499 708.31 |
| Total changes in unrealized appreciation (depreciation) | 646 655.23 |
|  |  |
| Net increase (decrease) in net assets as a result of operations | 62 142 522.42 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (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 | 877 789 937.60 |
| Subscriptions | 356 457 856.31 |
| Redemptions | 	-287 828 659.32	 |
| Total net subscriptions (redemptions) | 68 629 196.99 |
| Dividend paid | -354 961.64 |
| Net income (loss) on investments | 27 983 707.75 |
| Total realized gain (loss) | 33 512 159.44 |
| Total changes in unrealized appreciation (depreciation) | 	646 655.23	 |
| Net increase (decrease) in net assets as a result of operations | 62 142 522.42 |
| Net assets at the end of the financial year | 1 008 206 695.37 |
| Changes in the Number of Shares outstanding |  |
|  | 1.6.2020-31.5.2021 |
| Class | F-acc |
| Number of shares outstanding at the beginning of the financial year | 419 131.3950 |
| Number of shares issued | 29 839.6050 |
| Number of shares redeemed | -94 041.7510 |
| Number of shares outstanding at the end of the financial year | 354 929.2490 |
| Class | (CHF hedged) F-acc |
| Number of shares outstanding at the beginning of the financial year | 301 244.0000 |
| Number of shares issued | 131 632.0000 |
| Number of shares redeemed | -40 208.0000 |
| Number of shares outstanding at the end of the financial year | 392 668.0000 |
| Class | (EUR hedged) F-acc |
| Number of shares outstanding at the beginning of the financial year | 253 762.7880 |
| Number of shares issued | 9 514.0000 |
| Number of shares redeemed | -68 706.0000 |
| Number of shares outstanding at the end of the financial year | 194 570.7880 |
| Class | I-A1-acc |
| Number of shares outstanding at the beginning of the financial year | 104 598.6990 |
| Number of shares issued | 276 237.6480 |
| Number of shares redeemed | -12 993.2950 |
| Number of shares outstanding at the end of the financial year | 367 843.0520 |
| Class | I-A2-acc |
| Number of shares outstanding at the beginning of the financial year | 28 776.7380 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -7 623.7270 |
| Number of shares outstanding at the end of the financial year | 21 153.0110 |
| Class | I-B-acc |
| Number of shares outstanding at the beginning of the financial year | 432 286.4070 |
| Number of shares issued | 587 607.8030 |
| Number of shares redeemed | -244 347.4830 |
| Number of shares outstanding at the end of the financial year | 775 546.7270 |
| Class | (EUR hedged) I-B-acc |
| Number of shares outstanding at the beginning of the financial year | 446 504.5090 |
| Number of shares issued | 675 077.8860 |
| Number of shares redeemed | -443 284.9990 |
| Number of shares outstanding at the end of the financial year | 678 297.3960 |
| Class | I-X-acc |
| Number of shares outstanding at the beginning of the financial year | 629 678.4730 |
| Number of shares issued | 19 834.6820 |
| Number of shares redeemed | -32 365.7270 |
| Number of shares outstanding at the end of the financial year | 617 147.4280 |
| Class | (CHF hedged) I-X-acc |
| Number of shares outstanding at the beginning of the financial year | 2 234 861.3020 |
| Number of shares issued | 379 734.5070 |
| Number of shares redeemed | -579 370.8930 |
| Number of shares outstanding at the end of the financial year | 2 035 224.9160 |
| Class | (EUR hedged) I-X-acc |
| Number of shares outstanding at the beginning of the financial year | 698 516.7320 |
| Number of shares issued | 37 261.0430 |
| Number of shares redeemed | -7 154.1430 |
| Number of shares outstanding at the end of the financial year | 728 623.6320 |
| Class | (EUR hedged) I-X-UKdist |
| Number of shares outstanding at the beginning of the financial year | 66 800.0000 |
| Number of shares issued | 0.0000 |
| Number of shares redeemed | -66 800.0000 |
| Number of shares outstanding at the end of the financial year | 0.0000 |
| Class | (CHF hedged) K-B-acc |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 5 498.7010 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the financial year | 5 498.7010 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Annual report and audited financial statements as of 31 May 2021
| Class |  |  | K-B-mdist |
| --- | --- | --- | --- |
| Number of shares outstanding at the beginning of the financial year |  |  | 0.0000 |
| Number of shares issued |  |  | 153 677.2050 |
| Number of shares redeemed |  |  | -61 428.7130 |
| Number of shares outstanding at the end of the financial year |  |  | 92 248.4920 |
| Class |  |  | (EUR hedged) K-B-mdist |
| Number of shares outstanding at the beginning of the financial year |  |  | 0.0000 |
| Number of shares issued |  |  | 24 160.1410 |
| Number of shares redeemed |  |  | -24 160.1410 |
| Number of shares outstanding at the end of the financial year |  |  | 0.0000 |
| Class |  |  | K-X-acc |
| Number of shares outstanding at the beginning of the financial year |  |  | 136 879.8750 |
| Number of shares issued |  |  | 0.0000 |
| Number of shares redeemed |  |  | -136 879.8750 |
| Number of shares outstanding at the end of the financial year |  |  | 0.0000 |
| Class |  |  | (EUR hedged) K-X-acc |
| Number of shares outstanding at the beginning of the financial year |  |  | 23 475.2070 |
| Number of shares issued |  |  | 0.0000 |
| Number of shares redeemed |  |  | -23 449.6280 |
| Number of shares outstanding at the end of the financial year |  |  | 25.5790 |
| Class |  |  | P-acc |
| Number of shares outstanding at the beginning of the financial year |  |  | 341 732.9980 |
| Number of shares issued |  |  | 295 185.9880 |
| Number of shares redeemed |  |  | -221 714.5270 |
| Number of shares outstanding at the end of the financial year |  |  | 415 204.4590 |
| Class |  |  | Q-acc |
| Number of shares outstanding at the beginning of the financial year |  |  | 147 443.7160 |
| Number of shares issued |  |  | 198 278.1640 |
| Number of shares redeemed |  |  | -201 586.9300 |
| Number of shares outstanding at the end of the financial year |  |  | 144 134.9500 |
| Class |  |  | U-X-acc |
| Number of shares outstanding at the beginning of the financial year |  |  | 15 617.0000 |
| Number of shares issued |  |  | 1 392.0000 |
| Number of shares redeemed |  |  | -1 489.0000 |
| Number of shares outstanding at the end of the financial year |  |  | 15 520.0000 |
| Annual Distribution 1 |  |  |  |
| UBS (Lux) Bond SICAV – Short Term USD Corporates (USD)	Ex-Date | Pay-Date | Currency | Amount per share |
| (EUR hedged) I-X-UKdist	15.6.2020 | 18.6.2020 | EUR | 3.20 |
| Monthly Distribution 1 |  |  |  |
| UBS (Lux) Bond SICAV – Short Term USD Corporates (USD)	Ex-Date | Pay-Date | Currency | Amount per share |
| K-B-mdist	15.9.2020 | 18.9.2020 | USD | 0.09 |
| K-B-mdist	15.10.2020 | 20.10.2020 | USD | 0.09 |
| K-B-mdist	16.11.2020 | 19.11.2020 | USD | 0.09 |
| K-B-mdist	15.12.2020 | 18.12.2020 | USD | 0.09 |
| K-B-mdist	15.1.2021 | 20.1.2021 | USD | 0.09 |
| K-B-mdist	15.2.2021 | 18.2.2021 | USD | 0.09 |
| K-B-mdist	15.3.2021 | 18.3.2021 | USD | 0.09 |
| K-B-mdist	15.4.2021 | 20.4.2021 | USD | 0.09 |
| K-B-mdist	17.5.2021 | 20.5.2021 | USD | 0.09 |
| (EUR hedged) K-B-mdist	15.9.2020 | 18.9.2020 | EUR | 0.03 |
| (EUR hedged) K-B-mdist	15.10.2020 | 20.10.2020 | EUR | 0.03 |
| (EUR hedged) K-B-mdist	16.11.2020 | 19.11.2020 | EUR | 0.03 |
| (EUR hedged) K-B-mdist	15.12.2020 | 18.12.2020 | EUR | 0.03 |
| (EUR hedged) K-B-mdist	15.1.2021 | 20.1.2021 | EUR | 0.03 |
| (EUR hedged) K-B-mdist	15.2.2021 | 18.2.2021 | EUR | 0.03 |
| (EUR hedged) K-B-mdist	15.3.2021 | 18.3.2021 | EUR | 0.03 |
| 1  See note 5 |  |  |  |

UBS (Lux) Bond SICAV – Short Term USD Corporates (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 |  |  |  |
| USD |  |  |  |
| USD	A.P. MOELLER-MAERSK-REG-S 3.75000% 14-22.09.24 | 4 438 000.00 | 4 806 041.48 | 0.48 |
| USD	ABBVIE INC 2.60000% 20-21.11.24 | 4 000 000.00 | 4 236 949.44 | 0.42 |
| USD	ABBVIE INC 2.90000% 13-06.11.22 | 5 057 000.00 | 5 239 649.08 | 0.52 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.12500% 18-03.07.23 | 1 550 000.00 | 1 643 329.54 | 0.16 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.50000% 20-15.09.23 | 4 000 000.00 | 4 297 228.28 | 0.43 |
| USD	AETNA INC 2.80000% 16-15.06.23 | 1 827 000.00 | 1 907 442.76 | 0.19 |
| USD	ALTRIA GROUP INC 3.80000% 19-14.02.24 | 3 000 000.00 | 3 233 161.24 | 0.32 |
| USD	AMAZON.COM INC 2.80000% 18-22.08.24 | 2 159 000.00 | 2 311 299.92 | 0.23 |
| USD	AMERICAN AIRLINES GROUP INC-REG-S 5.00000% 19-01.06.22 | 3 000 000.00 | 2 992 500.00 | 0.30 |
| USD	AMERICAN INTERNATIONAL GROUP 4.87500% 12-01.06.22 | 1 294 000.00 | 1 353 082.06 | 0.13 |
| USD	ANGLO AMERICAN CAPITAL PLC-144A 3.62500% 17-11.09.24 | 883 000.00 | 957 821.26 | 0.10 |
| USD	ANGLO AMERICAN CAPITAL PLC-REG-S 3.62500% 17-11.09.24 | 485 000.00 | 526 096.62 | 0.05 |
| USD	APPLE INC 0.75000% 20-11.05.23 | 11 000 000.00 | 11 114 290.00 | 1.10 |
| USD	APPLE INC 3.00000% 17-09.02.24 | 8 000 000.00 | 8 530 893.76 | 0.85 |
| USD	ASTRAZENECA PLC 0.30000% 21-26.05.23 | 2 000 000.00 | 1 999 159.20 | 0.20 |
| USD	AT&T INC 0.90000% 21-25.03.24 | 2 000 000.00 | 2 005 455.96 | 0.20 |
| USD	AT&T INC 3.00000% 15-30.06.22 | 3 500 000.00 | 3 587 387.72 | 0.36 |
| USD	BAIDU INC 4.37500% 18-14.05.24 | 5 000 000.00 | 5 469 650.00 | 0.54 |
| USD	BANCO SANTANDER SA 2.70600% 19-27.06.24 | 7 000 000.00 | 7 411 304.25 | 0.74 |
| USD	BANQUE FEDERATIVE DU CREDIT MUT-REG-S 3.75000% 18-20.07.23 | 4 000 000.00 | 4 277 812.68 | 0.42 |
| USD	BARCLAYS BANK PLC 3.75000% 14-15.05.24 | 500 000.00 | 546 177.84 | 0.05 |
| USD	BARRY CALLEBAUT SERVICES NV-REG-S 5.50000% 13-15.06.23 | 3 000 000.00 | 3 274 593.30 | 0.32 |
| USD	BAT CAPITAL CORP 2.78900% 19-06.09.24 | 3 958 000.00 | 4 170 637.02 | 0.41 |
| USD	BAT CAPITAL CORP 3.22200% 18-15.08.24 | 5 000 000.00 | 5 324 128.35 | 0.53 |
| USD	BAYER US FINANCE II LLC-REG-S 3.87500% 18-15.12.23 | 3 000 000.00 | 3 227 505.18 | 0.32 |
| USD	BMW FINANCE NV-REG-S 2.25000% 19-12.08.22 | 3 500 000.00 | 3 579 441.50 | 0.36 |
| USD	BMW US CAPITAL LLC-REG-S 3.80000% 20-06.04.23 | 3 000 000.00 | 3 184 977.77 | 0.32 |
| USD	BOEING CO 1.16700% 21-04.02.23 | 1 000 000.00 | 1 004 676.97 | 0.10 |
| USD	BOEING CO 4.50800% 20-01.05.23 | 10 000 000.00 | 10 681 589.00 | 1.06 |
| USD	BP CAPITAL MARKETS PLC 2.75000% 18-10.05.23 | 10 000 000.00 | 10 463 688.50 | 1.04 |
| USD	BPCE SA-REG-S 4.00000% 18-12.09.23 | 7 230 000.00 | 7 784 281.37 | 0.77 |
| USD	BRISTOL-MYERS SQUIBB CO 2.90000% 20-26.07.24 | 1 914 000.00 | 2 052 031.65 | 0.20 |
| USD	CANADIAN NATURAL RESOURCES LTD 3.80000% 14-15.04.24 | 2 000 000.00 | 2 158 384.92 | 0.21 |
| USD	CANADIAN NATURAL RESOURCES LTD 2.95000% 17-15.01.23 | 4 700 000.00 | 4 883 684.65 | 0.48 |
| USD	CATERPILLAR INC 3.40000% 14-15.05.24 | 2 000 000.00 | 2 164 229.90 | 0.21 |
| USD	CENTERPOINT ENERGY INC 3.85000% 18-01.02.24 | 2 750 000.00 | 2 968 486.29 | 0.29 |
| USD	COMCAST CORP 3.70000% 18-15.04.24 | 3 000 000.00 | 3 265 920.48 | 0.32 |
| USD	CORP ANDINA DE FOMENTO 3.75000% 18-23.11.23 | 3 000 000.00 | 3 212 700.00 | 0.32 |
| USD	CORPORACION ANDINA DE FOMENTO 2.12500% 16-27.09.21 | 3 000 000.00 | 3 013 530.00 | 0.30 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 6.50000% 19-08.04.24 | 4 000 000.00 | 4 250 750.00 | 0.42 |
| USD	CREDIT SUISSE GROUP AG 3.80000% 16-09.06.23 | 5 000 000.00 | 5 310 507.40 | 0.53 |
| USD	CVS HEALTH CORP 3.70000% 18-09.03.23 | 816 000.00 | 862 654.25 | 0.09 |
| USD	DAIMLER FINANCE NORTH AMERICA LLC-REG-S 3.65000% 19-22.02.24 | 4 000 000.00 | 4 314 377.32 | 0.43 |
| USD	DAIMLER FINANCE NORTH AMERICA-REG-S 2.12500% 20-10.03.25 | 3 000 000.00 | 3 104 135.25 | 0.31 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-REG-S 5.45000% 16-15.06.23 | 4 882 000.00 | 5 313 084.65 | 0.53 |
| USD	DEUTSCHE BANK AG 4.25000% 17-14.10.21 | 8 000 000.00 | 8 112 742.16 | 0.80 |
| USD	DEUTSCHE BANK AG/NEW YORK NY 3.95000% 18-27.02.23 | 3 000 000.00 | 3 162 484.71 | 0.31 |
| USD	DIAMONDBACK ENERGY INC 2.87500% 19-01.12.24 | 3 560 000.00 | 3 785 651.42 | 0.38 |
| USD	DOMINION GAS HOLDINGS LLC 2.50000% 19-15.11.24 | 5 337 000.00 | 5 633 433.10 | 0.56 |
| USD	DTE ENERGY CO 2.25000% 19-01.11.22 | 6 840 000.00 | 7 038 441.40 | 0.70 |
| USD	ENEL FINANCE INTERNATIONAL NV-REG-S 2.87500% 17-25.05.22 | 8 750 000.00 | 8 960 680.40 | 0.89 |
| USD	ENI SPA-REG-S 4.00000% 18-12.09.23 | 3 465 000.00 | 3 716 097.18 | 0.37 |
| USD	EXELON GENERATION CO LLC 3.25000% 20-01.06.25 | 3 000 000.00 | 3 234 762.58 | 0.32 |
| USD	FISERV INC 2.75000% 19-01.07.24 | 6 500 000.00 | 6 892 200.90 | 0.68 |
| USD	FORD MOTOR CREDIT CO LLC 4.37500% 13-06.08.23 | 4 000 000.00 | 4 207 520.00 | 0.42 |
| USD	FREEPORT-MCMORAN INC 4.55000% 14-14.11.24 | 3 000 000.00 | 3 251 670.00 | 0.32 |
| USD	GE CAPITAL INTL FUNDING CO 3.37300% 16-15.11.25 | 5 000 000.00 | 5 463 295.55 | 0.54 |
| USD	GENERAL MOTORS CO 4.87500% 14-02.10.23 | 5 500 000.00 | 6 014 745.00 | 0.60 |
| USD	GENERAL MOTORS CO 5.40000% 20-02.10.23 | 3 000 000.00 | 3 318 242.82 | 0.33 |
| USD	GENERAL MOTORS FINANCIAL CO INC 3.15000% 17-30.06.22 | 3 000 000.00 | 3 079 106.46 | 0.31 |
| USD	GLENCORE FINANCE CANADA LTD-REG-STEP-UP 12-25.10.22 | 2 000 000.00 | 2 100 767.22 | 0.21 |
| USD	GLENCORE FUNDING LLC-144A 3.00000% 17-27.10.22 | 1 625 000.00 | 1 675 591.33 | 0.17 |
| USD	GLENCORE FUNDING LLC-REG-S 4.12500% 19-12.03.24 | 3 510 000.00 | 3 800 530.49 | 0.38 |
| USD	HUTCHINSON WHAMPOA INTL 11 LTSD-REG-S 4.62500% 12-13.01.22 | 4 100 000.00 | 4 202 989.96 | 0.42 |
| USD	HYUNDAI CAPITAL AMERICA-REG-S 3.10000% 17-05.04.22 | 3 272 000.00 | 3 343 907.96 | 0.33 |
| USD	HYUNDAI CAPITAL AMERICA-REG-S 0.80000% 21-08.01.24 | 5 000 000.00 | 4 989 907.10 | 0.49 |
| USD	HYUNDAI CAPITAL SERVICES INC-REG-S 3.00000% 17-29.08.22 | 3 000 000.00 | 3 076 500.00 | 0.31 |
| USD	IHS NETHERLANDS HOLDCO BV-REG-S 7.12500% 19-18.03.25 | 3 580 000.00 | 3 731 702.50 | 0.37 |
| USD	IMPERIAL BRANDS FINANCE PLC-144A 3.50000% 13-11.02.23 | 5 000 000.00 | 5 183 386.15 | 0.51 |
| USD	ING GROEP NV 3.55000% 19-09.04.24 | 3 898 000.00 | 4 213 899.06 | 0.42 |
| USD	ING GROEP NV 4.10000% 18-02.10.23 | 7 064 000.00 | 7 651 763.58 | 0.76 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 1.87500% 12-01.08.22 | 1 424 000.00 | 1 451 315.77 | 0.14 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 3.00000% 19-15.05.24 | 3 094 000.00 | 3 317 248.59 | 0.33 |
| USD	KINDER MORGAN INC 3.15000% 17-15.01.23 | 1 500 000.00 | 1 563 093.21 | 0.16 |
| USD	KROGER CO 2.80000% 17-01.08.22 | 440 000.00 | 451 988.14 | 0.04 |
| USD	KROGER CO 4.00000% 14-01.02.24 | 2 000 000.00 | 2 166 979.90 | 0.21 |
| USD	KT CORP-REG-S 2.62500% 17-07.08.22 | 4 200 000.00 | 4 301 850.00 | 0.43 |
| USD	LENNOX INTERNATIONAL INC 1.35000% 20-01.08.25 | 900 000.00 | 904 739.18 | 0.09 |
| USD	LLOYDS BANKING GROUP PLC 4.05000% 18-16.08.23 | 6 000 000.00 | 6 464 420.51 | 0.64 |
| USD	LLOYDS BANKING GROUP PLC 4.45000% 18-08.05.25 | 2 000 000.00 | 2 251 404.62 | 0.22 |
| USD	MARATHON PETROLEUM CORP 4.50000% 20-01.05.23 | 9 090 000.00 | 9 732 096.06 | 0.97 |
| USD	MICROSOFT CORP 2.37500% 15-12.02.22 | 9 650 000.00 | 9 782 757.75 | 0.97 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 2.19000% 16-13.09.21 | 3 339 000.00 | 3 358 032.30 | 0.33 |
| USD	MOLSON COORS BREWING CO 2.10000% 16-15.07.21 | 7 530 000.00 | 7 540 010.91 | 0.75 |
| USD	MPLX LP 4.87500% 16-01.12.24 | 2 500 000.00 | 2 820 315.03 | 0.28 |
| USD	MTN MAURITIUS INVESTMENTS LTD-REG-S 5.37300% 16-13.02.22 | 4 000 000.00 | 4 098 250.00 | 0.41 |
| USD	NATIONAL BANK OF UZBEKISTAN-REG-S 4.85000% 20-21.10.25 | 1 667 000.00 | 1 738 681.00 | 0.17 |
| USD	NATWEST GROUP PLC 3.87500% 16-12.09.23 | 9 000 000.00 | 9 662 580.00 | 0.96 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (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 | NBK SPC LTD-REG-S 2.75000% 17-30.05.22 | 3 000 000.00 | 3 060 000.00 | 0.30 |
| USD | NISSAN MOTOR ACCEPTANCE CORP-REG-S 3.87500% 18-21.09.23 | 4 000 000.00 | 4 260 711.56 | 0.42 |
| USD | NORDEA BANK ABP-REG-S 1.00000% 20-09.06.23 | 1 200 000.00 | 1 215 394.25 | 0.12 |
| USD | NORDEA BANK ABP-REG-S-SUB 4.25000% 12-21.09.22 | 2 896 000.00 | 3 038 200.93 | 0.30 |
| USD | OCCIDENTAL PETROLEUM CORP 2.70000% 19-15.08.22 | 2 000 000.00 | 2 011 600.00 | 0.20 |
| USD | PARK AEROSPACE HOLDINGS LTD-144A 5.50000% 17-15.02.24 | 4 500 000.00 | 4 945 662.72 | 0.49 |
| USD | PARK AEROSPACE HOLDINGS LTD-REG-S 5.25000% 17-15.08.22 | 58 000.00 | 60 977.67 | 0.01 |
| USD | PLAINS ALL AMERICAN PIPELINE LP 3.65000% 12-01.06.22 | 2 000 000.00 | 2 044 507.02 | 0.20 |
| USD | PLAINS ALL AMERICAN PIPELINE LP 3.85000% 13-15.10.23 | 1 000 000.00 | 1 058 639.09 | 0.11 |
| USD | SANTANDER HOLDINGS USA INC 4.45000% 18-03.12.21 | 1 200 000.00 | 1 220 805.83 | 0.12 |
| USD | SANTANDER UK GROUP HOLD PLC 2.87500% 16-05.08.21 | 5 000 000.00 | 5 022 400.90 | 0.50 |
| USD | SASOL FINANCING USA LLC 5.87500% 18-27.03.24 | 4 000 000.00 | 4 284 500.00 | 0.42 |
| USD | SAUDI ARABIAN OIL CO-REG-S 1.25000% 20-24.11.23 | 1 200 000.00 | 1 213 125.00 | 0.12 |
| USD | SINOPEC GROUP OVERSEAS DEV LD-144A 3.75000% 18-12.09.23 | 2 000 000.00 | 2 131 000.00 | 0.21 |
| USD | SKANDINAVISKA ENSKILDA BANKEN AB 1.87500% 16-13.09.21 | 5 000 000.00 | 5 024 058.80 | 0.50 |
| USD | SOCIETE GENERALE-REG-S 2.62500% 19-16.10.24 | 7 030 000.00 | 7 389 936.43 | 0.73 |
| USD | SOUTHERN CO 2.95000% 16-01.07.23 | 5 000 000.00 | 5 229 813.35 | 0.52 |
| USD | SOUTHWEST AIRLINES CO 4.75000% 20-04.05.23 | 2 515 000.00 | 2 711 746.03 | 0.27 |
| USD | SOVCOMBANK VIA SOVCOM CAPITAL DAC-REG-S 3.40000% 21-26.01.25 | 4 180 000.00 | 4 178 693.75 | 0.41 |
| USD | SWEDBANK AB-REG-S 0.60000% 20-25.09.23 | 3 000 000.00 | 3 004 050.00 | 0.30 |
| USD | TELEFONICA EMISIONES SA 4.57000% 13-27.04.23 | 8 000 000.00 | 8 595 283.76 | 0.85 |
| USD | TOTAL CAPITAL INTERNATIONAL SA 2.70000% 12-25.01.23 | 2 000 000.00 | 2 080 458.02 | 0.21 |
| USD | TURKEY, REPUBLIC OF 5.12500% 11-25.03.22 | 3 000 000.00 | 3 064 312.50 | 0.30 |
| USD | UNITEDHEALTH GROUP INC 3.50000% 18-15.02.24 | 3 000 000.00 | 3 245 837.04 | 0.32 |
| USD | UZBEK INDUSTRIAL AND CONS ATB-REG-S 5.75000% 19-02.12.24 | 1 000 000.00 | 1 055 812.50 | 0.10 |
| USD | VERIZON COMMUNICATIONS INC 0.85000% 20-20.11.25 | 6 833 000.00 | 6 765 780.02 | 0.67 |
| USD | VMWARE INC 4.50000% 20-15.05.25 | 5 296 000.00 | 5 951 449.75 | 0.59 |
| USD | VOLKSWAGEN GRP OF AMERICA FINANCE-REG-S 4.00000% 18-12.11.21 | 5 474 000.00 | 5 565 433.04 | 0.55 |
| USD | VOLKSWAGEN GRP OF AMERICA FINANCE-REG-S 3.12500% 20-12.05.23 | 4 000 000.00 | 4 208 174.92 | 0.42 |
| USD | WILLIAMS COMPANIES INC 4.55000% 14-24.06.24 | 3 000 000.00 | 3 319 585.80 | 0.33 |
| Total USD |  |  | 476 422 461.49 | 47.25 |
| Total Notes, fixed rate |  | 476 422 461.49 | 47.25 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	ABN AMRO BANK NV-REG-S-SUB 4.400%/VAR 17-27.03.28 | 5 200 000.00 | 5 489 317.60 | 0.54 |
| USD	BANCO SANTANDER SA 3M LIBOR+156BP 17-11.04.22 | 1 000 000.00 | 1 011 327.40 | 0.10 |
| USD	BANK OF AMERICA CORP 3.550%/3M LIBOR+78BP 18-05.03.24 | 18 000 000.00 | 18 985 793.76 | 1.88 |
| USD	BARCLAYS PLC 4.610%/VAR 18-15.02.23 | 10 000 000.00 | 10 293 352.70 | 1.02 |
| USD	BK OF AMERICA CORP 3.004%/VAR 18-20.12.23 | 8 000 000.00 | 8 324 060.48 | 0.83 |
| USD	BNP PARIBAS-REG-S 2.819% /VAR 19-19.11.25 | 5 000 000.00 | 5 284 618.90 | 0.52 |
| USD	CITIGROUP INC 2.876%/VAR 17-24.07.23 | 10 000 000.00 | 10 293 395.20 | 1.02 |
| USD	CITIGROUP INC 3.352%/VAR 19-24.04.25 | 7 000 000.00 | 7 519 272.74 | 0.75 |
| USD	CREDIT SUISSE GROUP AG-REG-S 4.207%/VAR 18-12.06.24 | 8 000 000.00 | 8 549 892.48 | 0.85 |
| USD	DANSKE BANK A/S-144A 5.000%/VAR 20-12.01.23 | 4 000 000.00 | 4 103 099.20 | 0.41 |
| USD	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.625%/VAR 14-PRP | 2 800 000.00 | 2 996 196.00 | 0.30 |
| USD	GOLDMAN SACHS GROUP INC 2.905%/VAR 17-24.07.23 | 18 000 000.00 | 18 508 170.42 | 1.84 |
| USD	GOLDMAN SACHS GROUP INC 3M LIBOR+78BP 17-31.10.22 | 5 000 000.00 | 5 013 400.00 | 0.50 |
| USD	HSBC HOLDINGS PLC 3.262%/VAR 17-13.03.23 | 6 000 000.00 | 6 138 082.44 | 0.61 |
| USD	HSBC HOLDINGS PLC 4.292%/VAR 18-12.09.26 | 5 000 000.00 | 5 587 426.35 | 0.55 |
| USD	JPMORGAN CHASE & CO 3.220%/VAR 17-01.03.25 | 9 000 000.00 | 9 612 404.19 | 0.95 |
| USD	JPMORGAN CHASE & CO 3.797%/VAR 18-23.07.24 | 8 000 000.00 | 8 554 960.00 | 0.85 |
| USD	JPMORGAN CHASE & CO 3.207%/VAR 19-01.04.23 | 8 000 000.00 | 8 194 065.20 | 0.81 |
| USD	MACQUARIE GROUP LTD-REG-S 3.189%/VAR 17-28.11.23 | 3 000 000.00 | 3 117 150.00 | 0.31 |
| USD	MORGAN STANLEY 3.737%/VAR 18-24.04.24 | 10 657 000.00 | 11 316 659.99 | 1.12 |
| USD	NATIONWIDE BUILDING SOCIETY-144A 4.363%/VAR 18-01.08.24 | 2 000 000.00 | 2 154 737.64 | 0.21 |
| USD	SANTANDER UK GRP HOLD PLC 4.796%/3M LIBOR+157BP 18-15.11.24 | 2 000 000.00 | 2 199 003.88 | 0.22 |
| USD	STANDARD CHARTERED PLC-REG-S 3.885%/VAR 18-15.03.24 | 11 190 000.00 | 11 794 129.07 | 1.17 |
| USD	STANDARD CHARTERED PLC-REG-S 2.744%/VAR 19-10.09.22 | 1 280 000.00 | 1 287 862.01 | 0.13 |
| USD	UBS GROUP AG-REG-S 2.859%/VAR 17-15.08.23 | 7 450 000.00 | 7 664 467.03 | 0.76 |
| Total USD |  | 183 992 844.68 | 18.25 |
| Total Notes, floating rate |  | 183 992 844.68 | 18.25 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ABN AMRO BANK NV-SUB 6.25000% 11-27.04.22 | 1 000 000.00 | 1 049 472.00 | 0.10 |
| USD	ADCB FINANCE CAYMAN LTD-REG-S-SUB 4.50000% 13-06.03.23 | 4 000 000.00 | 4 239 500.00 | 0.42 |
| USD	AUSTRALIA & NEW ZEALAND BANKING GRP/NY 2.30000% 16-01.06.21 | 6 000 000.00 | 6 000 000.00 | 0.59 |
| USD	BANQUE FEDER DU CREDIT MUTUEL-REG-S 2.70000% 17-20.07.22 | 4 400 000.00 | 4 517 280.46 | 0.45 |
| USD	BNP PARIBAS-REG-S 3.80000% 17-10.01.24 | 4 000 000.00 | 4 320 833.00 | 0.43 |
| USD	CATERPILLAR FINANCIAL SERVICES CORP 1.95000% 20-18.11.22 | 3 000 000.00 | 3 076 602.87 | 0.31 |
| USD	CREDIT AGRICOLE SA LONDON-REG-S 3.25000% 17-04.10.24 | 4 000 000.00 | 4 308 745.88 | 0.43 |
| USD	GOLDMAN SACHS GROUP INC STEP-UP 18-31.05.24 | 1 258 000.00 | 1 374 334.81 | 0.14 |
| USD	HYUNDAI CAPITAL AMERICA-REG-S 3.25000% 17-20.09.22 | 4 928 000.00 | 5 093 972.82 | 0.51 |
| USD	MDGH - GMTN BV-REG-S 2.50000% 19-07.11.24 | 10 010 000.00 | 10 497 987.50 | 1.04 |
| USD	MORGAN STANLEY 3.12500% 18-23.01.23 | 9 000 000.00 | 9 415 570.50 | 0.93 |
| USD	NESTLE HOLDINGS INC-REG-S 1.37500% 16-13.07.21 | 1 885 000.00 | 1 886 191.32 | 0.19 |
| USD	NISSAN MOTOR ACCEPTANCE CORP-REG-S 2.60000% 17-28.09.22 | 810 000.00 | 828 727.97 | 0.08 |
| USD	QNB FINANCE LTD-REG-S 3.50000% 19-28.03.24 | 6 750 000.00 | 7 211 109.38 | 0.72 |
| USD	QNB FINANSBANK AS-REG-S 4.87500% 17-19.05.22 | 2 000 000.00 | 2 037 500.00 | 0.20 |
| USD	SOCIETE GENERALE-REG-S 3.25000% 17-12.01.22 | 3 000 000.00 | 3 053 763.96 | 0.30 |
| USD	SWIRE PACIFIC MTN FINANCING LTD-REG-S 4.50000% 12-28.02.22 | 200 000.00 | 205 110.50 | 0.02 |
| USD	SWIRE PACIFIC MTN FINANCING LTD-REG-S 4.50000% 13-09.10.23 | 1 500 000.00 | 1 626 150.00 | 0.16 |
| USD	SWIRE PROPERTIES MTN FINANCING-REG-S 4.37500% 12-18.06.22 | 3 230 000.00 | 3 346 603.00 | 0.33 |
| USD	TC ZIRAAT BANKASI AS-REG-S 5.12500% 17-03.05.22 | 1 500 000.00 | 1 524 187.50 | 0.15 |
| USD	TORONTO-DOMINION BANK 3.25000% 18-11.06.21 | 4 195 000.00 | 4 198 260.73 | 0.42 |
| USD	TORONTO-DOMINION BANK 0.75000% 20-12.06.23 | 4 000 000.00 | 4 036 709.32 | 0.40 |
| USD	UNICREDIT SPA-REG-S 6.57200% 19-14.01.22 | 10 000 000.00 | 10 358 133.20 | 1.03 |
| USD	YAPI VE KREDI BANKASI AS-REG-S 6.10000% 18-16.03.23 | 2 000 000.00 | 2 062 250.00 | 0.20 |
| Total USD |  | 96 268 996.72 | 9.55 |
| Total Medium term notes, fixed rate |  | 96 268 996.72 | 9.55 |
| UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Annual report and audited financial statements as of 31 May 2021 |  |  |  |

| Description	Quantity/ | Valuation in USD | as a % |
| --- | --- | --- |
| Nominal | Unrealized gain | of net |
|  | (loss) on Futures/ | assets |
|  | Forward |  |
|  | Exchange Contracts/ |  |
|  | Swaps (Note 1) |  |

Medium term notes, floating rate
| USD |  |
| --- | --- |
| USD | DBS GROUP HOLDINGS LTD-REG-S-SUB 3.600%/VAR 16-PRP | 3 800 000.00 | 3 822 663.20 | 0.38 |
| Total USD |  |  | 3 822 663.20 | 0.38 |
| Total Medium term notes, floating rate |  | 3 822 663.20 | 0.38 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	CK HUTCHISON INTERNATIONAL LTD-REG-S 3.25000% 19-11.04.24 | 4 000 000.00 | 4 267 376.88 | 0.42 |
| USD	DEUTSCHE BANK AG/LONDON 3.70000% 14-30.05.24 | 5 000 000.00 | 5 381 520.60 | 0.53 |
| USD	ENERGY TRANSFER LP 4.25000% 19-15.03.23 | 3 000 000.00 | 3 158 549.64 | 0.31 |
| USD	GENERAL MOTORS FINANCIAL CO INC 3.45000% 15-10.04.22 | 1 000 000.00 | 1 021 751.63 | 0.10 |
| USD	HEATHROW FUNDING LTD-REG-S 4.87500% 11-15.07.21 | 3 095 000.00 | 3 109 929.16 | 0.31 |
| USD	LG DISPLAY CO LTD-REG-S 3.87500% 18-15.11.21 | 1 940 000.00 | 1 966 009.39 | 0.20 |
| USD	MICROSOFT CORP 2.00000% 16-08.08.23 | 5 000 000.00 | 5 181 660.45 | 0.51 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 2.66500% 17-25.07.22 | 2 500 000.00 | 2 568 303.75 | 0.26 |
| USD	MIZUHO FINANCIAL GRP CAYMAN 2-REG-S-SUB 4.20000% 12-18.07.22 | 6 000 000.00 | 6 238 379.40 | 0.62 |
| USD	NOVARTIS CAPITAL CORP 3.40000% 14-06.05.24 | 2 000 000.00 | 2 177 241.52 | 0.22 |
| USD	PACIFIC GAS & ELECTRIC CO 1.75000% 20-16.06.22 | 860 000.00 | 860 055.28 | 0.09 |
| USD	PFIZER INC 3.40000% 14-15.05.24 | 1 000 000.00 | 1 091 160.62 | 0.11 |
| USD	SANTANDER HOLDINGS USA INC 3.70000% 18-28.03.22 | 5 500 000.00 | 5 633 772.49 | 0.56 |
| USD	STANDARD CHARTERED PLC REG-S-SUB 5.70000% 12-25.01.22 | 2 950 000.00 | 3 045 875.00 | 0.30 |
| USD	UBS AG-REG-S-SUB 5.12500% 14-15.05.24 | 3 800 000.00 | 4 181 368.00 | 0.41 |
| Total USD |  | 49 882 953.81 | 4.95 |
| Total Bonds, fixed rate |  | 49 882 953.81 | 4.95 |
| Bonds, floating rate |  |  |  |
| USD |  |  |  |
| USD	BP CAPITAL MARKETS PLC-SUB 4.375%/VAR 20-PRP | 3 800 000.00 | 4 032 750.00 | 0.40 |
| USD	NBK TIER 1 FINANCING 2 LTD-REG-S-SUB 4.500%/VAR 19-PRP | 3 300 000.00 | 3 441 900.00 | 0.34 |
| USD	SKANDINAVISKA ENSKILDA BANKEN-REG-S-SUB 5.125%/VAR 19-PRP | 3 000 000.00 | 3 183 600.00 | 0.32 |
| USD	VODAFONE GROUP PLC-REG-S-SUB 6.250%/VAR 18-03.10.78 | 4 300 000.00 | 4 727 850.00 | 0.47 |
| Total USD |  | 15 386 100.00 | 1.53 |
| Total Bonds, floating rate |  | 15 386 100.00 | 1.53 |
| Convertible bonds, floating rate |  |  |  |
| USD |  |  |  |
| USD	BARCLAYS PLC-SUB COCO 8.000%/VAR 19-PRP | 2 000 000.00 | 2 266 720.00 | 0.22 |
| USD	DANSKE BANK AS-REG-S-SUB 7.000%/VAR 18-PRP | 2 000 000.00 | 2 237 540.00 | 0.22 |
| Total USD |  | 4 504 260.00 | 0.44 |
| Total Convertible bonds, floating rate |  | 4 504 260.00 | 0.44 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 830 280 279.90 | 82.35 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Asset Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICREDIT AUTOMOBILE RECEIVABLE TRUST 4.04000% 18-18.11.24 | 1 100 000.00 | 1 166 976.36 | 0.11 |
| USD	CAPITAL AUTO RECEIVABLES ASSET TRU-144A 3.69000% 18-20.12.23 | 2 500 000.00 | 1 903 837.02 | 0.19 |
| USD	COLT MERGER SUB INC-144A 3.60000% 18-25.02.48 | 4 338 000.00 | 3 208 878.44 | 0.32 |
| USD	CPS AUTO RECEIVABLES TRUST -144A 3.79000% 17-15.06.23 | 1 187 000.00 | 527 699.19 | 0.05 |
| USD	DRIVE AUTO RECEIVABLES TRUST 3.49000% 17-15.09.23 | 1 000 000.00 | 214 840.62 | 0.02 |
| USD	DRIVE AUTO RECEIVABLES TRUST 4.09000% 18-15.01.26 | 5 000 000.00 | 5 141 280.50 | 0.51 |
| USD	DT AUTO OWNER TRUST-144A 6.03000% 17-15.01.24 | 2 500 000.00 | 1 828 276.57 | 0.18 |
| USD	EXETER AUTOMOBILE RECEIVABLE TRUST-144A 3.53000% 18-15.11.23 | 520 000.00 | 472 874.00 | 0.05 |
| USD	EXETER AUTOMOBILE RECEIVABLES-144A 4.35000% 18-16.09.24 | 865 000.00 | 895 059.01 | 0.09 |
| USD	SOFI CONSUMER LOAN PROGRAM LLC-144A 3.69000% 17-25.09.26 | 1 950 000.00 | 1 983 415.40 | 0.20 |
| USD	SOFI PROFESSIONAL LOAN PROG-144A 2.65000% 17-25.09.40 | 3 600 000.00 | 1 569 833.10 | 0.15 |
| USD	WORLD OMNI SELECT AUTO-144A-SUB 3.86000% 18-15.01.25 | 250 000.00 | 252 226.20 | 0.03 |
| Total USD |  | 19 165 196.41 | 1.90 |
| Total Asset Backed Securities, fixed rate |  | 19 165 196.41 | 1.90 |
| Mortgage Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	COMM 2015-CCRE22 MORTGAGE TRUST 3.92600% 15-01.03.48 | 1 000 000.00 | 1 084 175.30 | 0.11 |
| USD	JP MORGAN CHASE MORTGAGE SEC-144A 3.73450% 18-01.01.31 | 2 605 000.00 | 2 709 765.28 | 0.27 |
| Total USD |  | 3 793 940.58 | 0.38 |
| Total Mortgage Backed Securities, fixed rate |  | 3 793 940.58 | 0.38 |
| Mortgage Backed Securities, floating rate |  |  |  |
| USD |  |  |  |
| USD	COMMERCIAL MORTGAGE PASS-THR-144A 3.812163%/VAR 13-01.06.46 | 2 500 000.00 | 2 637 963.00 | 0.26 |
| USD	MSCG TRUST 2018-SELF-144A-SUB 1M LIBOR+90BP 18-15.10.37 | 1 000 000.00 | 1 000 931.30 | 0.10 |
| Total USD |  | 3 638 894.30 | 0.36 |
| Total Mortgage Backed Securities, floating rate |  | 3 638 894.30 | 0.36 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (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, fixed rate
| USD |  |
| --- | --- |
| USD | AETNA INC 2.75000% 12-15.11.22 | 1 996 000.00 | 2 053 637.51 | 0.20 |
| USD | AKER BP ASA-144A 4.75000% 19-15.06.24 | 3 000 000.00 | 3 073 373.07 | 0.31 |
| USD | AKER BP ASA-REG-S 4.75000% 19-15.06.24 | 2 800 000.00 | 2 868 481.54 | 0.28 |
| USD | AUSTRALIA & NEW ZEALAND BNK-REG-S-SUB 4.50000% 14-19.03.24 | 6 000 000.00 | 6 600 377.16 | 0.66 |
| USD | BANK OF NEW ZEALAND-144A 3.50000% 19-20.02.24 | 4 885 000.00 | 5 264 141.11 | 0.52 |
| USD | BAYER US FINANCE II LLC-144A 2.75000% 18-15.07.21 | 1 000 000.00 | 1 002 569.43 | 0.10 |
| USD | BAYER US FINANCE LLC-144A 3.37500% 14-08.10.24 | 2 000 000.00 | 2 163 747.10 | 0.21 |
| USD | CANTOR FITZGERALD LP-144A 4.87500% 19-01.05.24 | 250 000.00 | 275 529.41 | 0.03 |
| USD | DAIMLER FINANCE NORTH AMERICA LLC-144A 1.75000% 20-10.03.23 | 4 000 000.00 | 4 091 447.84 | 0.41 |
| USD | DELTA AIR LINES INC / SKYMILES-REG-S 4.50000% 20-20.10.25 | 3 000 000.00 | 3 239 251.77 | 0.32 |
| USD | EMC CORP 3.37500% 13-01.06.23 | 863 000.00 | 890 011.90 | 0.09 |
| USD | ENEL FINANCE INTERNATIONAL SA-144A 2.65000% 19-10.09.24 | 700 000.00 | 736 780.38 | 0.07 |
| USD | GLENCORE FUNDING LLC-144A 4.12500% 13-30.05.23 | 2 675 000.00 | 2 849 462.27 | 0.28 |
| USD | LIBERTY MUTUAL GROUP INC-144A 4.25000% 13-15.06.23 | 1 850 000.00 | 1 985 891.23 | 0.20 |
| USD | MPLX LP 3.50000% 20-01.12.22 | 2 895 000.00 | 3 013 883.38 | 0.30 |
| USD | NATIONAL AUSTRALIA BANK LTD/NY 3.70000% 18-04.11.21 | 3 797 000.00 | 3 849 816.27 | 0.38 |
| USD | OCCIDENTAL PETROLEUM CORP 2.60000% 16-15.04.22 | 2 000 000.00 | 2 000 000.00 | 0.20 |
| USD | ORIGIN ENERGY FINANCE LTD-REG-S 5.45000% 11-14.10.21 | 6 157 000.00 | 6 265 455.56 | 0.62 |
| USD | PG&E CORP 4.25000% 18-01.08.23 | 5 000 000.00 | 5 302 807.25 | 0.53 |
| USD | VOLKSWAGEN GRP OF AMERICA FINANCE-144A 4.00000% 18-12.11.21 | 3 348 000.00 | 3 403 922.15 | 0.34 |
| USD | VOLKSWAGEN GRP OF AMERICA FINANCE-144A 4.25000% 18-13.11.23 | 3 000 000.00 | 3 259 028.10 | 0.32 |
| Total USD |  |  | 64 189 614.43 | 6.37 |
| Total Notes, fixed rate |  | 64 189 614.43 | 6.37 |
| Notes, zero coupon |  |  |  |
| USD |  |  |  |
| USD	AT&T INC-144A 0.00000% 07-27.11.22 | 5 000 000.00 | 4 960 939.50 | 0.49 |
| Total USD |  | 4 960 939.50 | 0.49 |
| Total Notes, zero coupon |  | 4 960 939.50 | 0.49 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	DANSKE BANK AS-REG-S 1.171%/VAR 20-08.12.23 | 6 131 000.00 | 6 162 915.29 | 0.61 |
| USD	MACQUARIE GROUP LTD-144A 3.189%/VAR 17-28.11.23 | 6 800 000.00 | 7 065 540.00 | 0.70 |
| Total USD |  | 13 228 455.29 | 1.31 |
| Total Notes, floating rate |  | 13 228 455.29 | 1.31 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	CREDIT AGRICOLE SA LONDON-144A 3.25000% 17-04.10.24 | 2 700 000.00 | 2 908 403.47 | 0.29 |
| USD	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 3.37500% 19-11.01.22 | 684 000.00 | 697 380.11 | 0.07 |
| USD	NISSAN MOTOR ACCEPTANCE CORP-144A 2.65000% 17-13.07.22 | 1 000 000.00 | 1 018 574.93 | 0.10 |
| Total USD |  | 4 624 358.51 | 0.46 |
| Total Medium term notes, fixed rate |  | 4 624 358.51 | 0.46 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	AMERICA MOVIL SAB DE CV 3.12500% 12-16.07.22 | 6 000 000.00 | 6 169 875.00 | 0.61 |
| Total USD |  | 6 169 875.00 | 0.61 |
| Total Bonds, fixed rate |  | 6 169 875.00 | 0.61 |
| Bonds, floating rate |  |  |  |
| USD |  |  |  |
| USD	SCENTRE GROUP TRUST 2-REG-S-SUB 4.750%/VAR 20-24.09.80 | 3 700 000.00 | 3 926 625.00 | 0.39 |
| Total USD |  | 3 926 625.00 | 0.39 |
| Total Bonds, floating rate |  | 3 926 625.00 | 0.39 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 123 697 899.02 | 12.27 |

Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market
Notes, fixed rate
| USD |  |
| --- | --- |
| USD | ABBVIE INC 3.45000% 20-15.03.22 | 8 500 000.00 | 8 668 522.02 | 0.86 |
| USD | NEW YORK LIFE GLOBAL FUNDING-REG-S 1.10000% 20-05.05.23 | 1 210 000.00 | 1 228 611.18 | 0.12 |
| USD | SWEDBANK AB-REG-S 1.30000% 20-02.06.23 | 1 370 000.00 | 1 392 147.42 | 0.14 |
| USD | TRITON CONTAINER INTERNATIONAL-REG-S 1.15000% 21-07.06.24 | 585 000.00 | 585 204.75 | 0.06 |
| Total USD |  |  | 11 874 485.37 | 1.18 |
| Total Notes, fixed rate | 11 874 485.37 | 1.18 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market | 11 874 485.37 | 1.18 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (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) |  |

UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010
Investment funds, open end
Ireland
| USD | UBS (IRL) SELECT MONEY MARKET FUND-USD-S-DIST | 2 618.57 | 26 185 740.00 | 2.60 |
| --- | --- | --- | --- | --- |
| Total Ireland |  | 26 185 740.00 | 2.60 |
| Luxembourg |  |  |  |
| USD	UBS (LUX) BOND SICAV-SHORT DURATION H Y SUST (USD) I-X-ACC | 48 400.00 | 6 318 136.00 | 0.63 |
| Total Luxembourg |  | 6 318 136.00 | 0.63 |
| Switzerland |  |  |  |
| CHF	UBS (CH) BOND FUND - ENHANCED YIELD SHORT TERM (CHF) U-X | 501.02 | 5 574 232.67 | 0.55 |
| Total Switzerland |  | 5 574 232.67 | 0.55 |
| Total Investment funds, open end |  | 38 078 108.67 | 3.78 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  | 38 078 108.67 | 3.78 |
| Total investments in securities |  | 1 003 930 772.96 | 99.58 |

| Derivative instruments |  |
| --- | --- |
| Derivative instruments listed on an official stock exchange |
| Financial Futures on bonds |
|  |  |  |  |
| USD	US 2YR TREASURY NOTE FUTURE 30.09.21 | 800.00 | 62 500.00 | 0.01 |
| USD	US 5YR TREASURY NOTE FUTURE 30.09.21 | -475.00 | -81 640.63 | -0.01 |
| Total Financial Futures on bonds |  | -19 140.63 | 0.00 |
| Total Derivative instruments listed on an official stock exchange |  | -19 140.63 | 0.00 |
| Total Derivative instruments |  | -19 140.63 | 0.00 |
| Forward Foreign Exchange contracts |  |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |  |

| USD | 5 579 827.81 | CHF | 5 000 000.00 | 28.7.2021 | 12 351.07 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 257 498 700.00 | USD | 281 487 455.00 | 2.6.2021 | 4 828 995.77 | 0.48 |
| EUR | 164 827 700.00 | USD | 199 189 248.21 | 2.6.2021 | 2 337 339.20 | 0.23 |
| CHF | 754 200.00 | USD | 826 085.55 | 2.6.2021 | 12 520.11 | 0.00 |
| CHF | 8 043 800.00 | USD | 8 936 069.19 | 2.6.2021 | 7 945.93 | 0.00 |
| USD | 4 692 652.25 | CHF | 4 205 600.00 | 2.6.2021 | 16 386.06 | 0.00 |
| CHF | 504 400.00 | USD | 561 531.69 | 2.6.2021 | -682.19 | 0.00 |
| CHF | 262 595 500.00 | USD | 291 208 577.34 | 1.7.2021 | 991 631.06 | 0.10 |
| EUR | 164 827 700.00 | USD | 200 262 029.29 | 1.7.2021 | 1 377 642.50 | 0.14 |
| USD | 14 368 968.83 | CHF | 12 923 600.00 | 1.7.2021 | -11 622.66 | 0.00 |
| Total Forward Foreign Exchange contracts | 9 572 506.85 | 0.95 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 14 615 655.53 | 1.45 |
| Other assets and liabilities | -19 893 099.34 | -1.98 |
| Total net assets | 1 008 206 695.37 | 100.00 |

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

Translation (ENDE, 2021-05-31):
# UBS (Lux) Bond SICAV
– Short Term USD Corporates (USD)
| Dreijahresvergleich |  |
| --- | --- |
|  | ISIN | 31.5.2021 | 31.5.2020 | 31.5.2019 |
| Nettovermögen in USD |  | 1 008 206 695.37 | 877 789 937.60 | 953 896 328.05 |
| Klasse F-acc | LU0396352246 |  |  |  |
| Aktien im Umlauf |  | 354 929.2490 | 419 131.3950 | 491 720.0000 |
| Nettoinventarwert pro Aktie in USD |  | 115.73 | 111.94 | 107.98 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 115.73 | 111.94 | 107.98 |
| Klasse (CHF hedged) F-acc | LU1289971720 |  |  |  |
| Aktien im Umlauf |  | 392 668.0000 | 301 244.0000 | 224 490.0000 |
| Nettoinventarwert pro Aktie in CHF |  | 102.89 | 100.71 | 100.18 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 102.89 | 100.71 | 100.18 |
| Klasse (EUR hedged) F-acc | LU1717044058 |  |  |  |
| Aktien im Umlauf |  | 194 570.7880 | 253 762.7880 | 281 761.0000 |
| Nettoinventarwert pro Aktie in EUR |  | 103.32 | 100.93 | 99.87 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 103.32 | 100.93 | 99.87 |
| Klasse I-A1-acc | LU0849031678 |  |  |  |
| Aktien im Umlauf |  | 367 843.0520 | 104 598.6990 | 107 523.5840 |
| Nettoinventarwert pro Aktie in USD |  | 118.60 | 114.88 | 110.97 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 118.60 | 114.88 | 110.97 |
| Klasse I-A2-acc | LU0838529096 |  |  |  |
| Aktien im Umlauf |  | 21 153.0110 | 28 776.7380 | 71 658.4120 |
| Nettoinventarwert pro Aktie in USD |  | 119.39 | 115.59 | 111.58 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 119.39 | 115.59 | 111.58 |
| Klasse I-B-acc | LU0396353483 |  |  |  |
| Aktien im Umlauf |  | 775 546.7270 | 432 286.4070 | 445 264.0100 |
| Nettoinventarwert pro Aktie in USD |  | 118.86 | 114.71 | 110.35 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 118.86 | 114.71 | 110.35 |
| Klasse (EUR hedged) I-B-acc | LU1323607827 |  |  |  |
| Aktien im Umlauf |  | 678 297.3960 | 446 504.5090 | 570 012.7370 |
| Nettoinventarwert pro Aktie in EUR |  | 105.74 | 103.04 | 101.66 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 105.74 | 103.04 | 101.66 |
| Klasse I-X-acc | LU0396353640 |  |  |  |
| Aktien im Umlauf |  | 617 147.4280 | 629 678.4730 | 605 820.5070 |
| Nettoinventarwert pro Aktie in USD |  | 119.57 | 115.32 | 110.86 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 119.57 | 115.32 | 110.86 |
| Klasse (CHF hedged) I-X-acc | LU0920821211 |  |  |  |
| Aktien im Umlauf |  | 2 035 224.9160 | 2 234 861.3020 | 2 646 821.5390 |
| Nettoinventarwert pro Aktie in CHF |  | 105.05 | 102.50 | 101.60 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 105.05 | 102.50 | 101.60 |
| Klasse (EUR hedged) I-X-acc | LU1632887292 |  |  |  |
| Aktien im Umlauf |  | 728 623.6320 | 698 516.7320 | 892 919.6540 |
| Nettoinventarwert pro Aktie in EUR |  | 104.03 | 101.30 | 99.88 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 104.03 | 101.30 | 99.88 |
| Klasse (EUR hedged) I-X-UKdist 2 | LU1885553575 |  |  |  |
| Aktien im Umlauf |  | - | 66 800.0000 | 190 000.0000 |
| Nettoinventarwert pro Aktie in EUR |  | - | 101.13 | 101.81 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | - | 101.13 | 101.81 |
| Klasse (CHF hedged) K-B-acc 3 | LU2273245626 |  |  |  |
| Aktien im Umlauf |  | 5 498.7010 | - | - |
| Nettoinventarwert pro Aktie in CHF |  | 100.28 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 100.28 | - | - |
| Klasse K-B-mdist 4 | LU2204822436 |  |  |  |
| Aktien im Umlauf |  | 92 248.4920 | - | - |
| Nettoinventarwert pro Aktie in USD |  | 101.02 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 101.02 | - | - |
| Klasse (EUR hedged) K-B-mdist 5 | LU2204822865 |  |  |  |
| Aktien im Umlauf Nettoinventarwert pro Aktie in EUR Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | - - - | - - - | - - - |
| Klasse K-X-acc 6 | LU1564462387 |  |  |  |
| Aktien im Umlauf |  | - | 136 879.8750 | 136 879.8750 |
| Nettoinventarwert pro Aktie in USD |  | - | 110.37 | 106.15 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | - | 110.37 | 106.15 |
| Klasse (EUR hedged) K-X-acc | LU1620846318 |  |  |  |
| Aktien im Umlauf |  | 25.5790 | 23 475.2070 | 64 115.3400 |
| Nettoinventarwert pro Aktie in EUR |  | 104.05 | 101.36 | 99.98 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 104.05 | 101.36 | 99.98 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
|  | ISIN | 31.5.2021 | 31.5.2020 | 31.5.2019 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Klasse P-acc | LU0151774972 |  |  |  |
| Aktien im Umlauf |  | 415 204.4590 | 341 732.9980 | 390 038.9990 |
| Nettoinventarwert pro Aktie in USD |  | 149.83 | 145.74 | 141.42 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 149.83 | 145.74 | 141.42 |
| Klasse Q-acc | LU0396352592 |  |  |  |
| Aktien im Umlauf |  | 144 134.9500 | 147 443.7160 | 173 891.6210 |
| Nettoinventarwert pro Aktie in USD |  | 120.86 | 117.14 | 113.21 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 120.86 | 117.14 | 113.21 |
| Klasse U-X-acc | LU0396353996 |  |  |  |
| Aktien im Umlauf |  | 15 520.0000 | 15 617.0000 | 14 831.0000 |
| Nettoinventarwert pro Aktie in USD |  | 11 458.80 | 11 051.43 | 10 624.42 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 11 458.80 | 11 051.43 | 10 624.42 |
| Klasse U-X-UKdist-mdist 7 | LU1839734792 |  |  |  |

| - | - | 383.0000 |
| --- | --- | --- |
| - | - | 10 175.90 |
| - | - | 10 175.90 |

Aktien im Umlauf Nettoinventarwert pro Aktie in USD
Ausgabe- und Rücknahmepreis pro Aktie in USD
1
| 1  Siehe Erläuterung 1 |  |
| --- | --- |
| 2  Die Aktienklasse (EUR hedged) I-X-UKdist war bis zum 17.9.2020 im Umlauf |
| 3  Erste NAV 22.12.2020 |
| 4  Erste NAV 31.7.2020 |
| 5  Für die Periode vom 7.8.2020 bis zum 23.3.2021 war die Aktienklasse (EUR hedged) K-B-mdist im Umlauf |
| 6  Die Aktienklasse K-X-acc war bis zum 5.8.2020 im Umlauf |
| 7  Für die Periode vom 9.7.2018 bis zum 21.10.2019 war die Aktienklasse U-X-UKdist-mdist im Umlauf |
| Performance |
|  | Währung | 2020/2021 | 2019/2020 | 2018/2019 |
| Klasse F-acc | USD | 3.4% | 3.7% | 4.1% |
| Klasse (CHF hedged) F-acc | CHF | 2.2% | 0.5% | 0.7% |
| Klasse (EUR hedged) F-acc | EUR | 2.4% | 1.1% | 1.2% |
| Klasse I-A1-acc | USD | 3.2% | 3.5% | 4.0% |
| Klasse I-A2-acc | USD | 3.3% | 3.6% | 4.0% |
| Klasse I-B-acc | USD | 3.6% | 4.0% | 4.4% |
| Klasse (EUR hedged) I-B-acc | EUR | 2.6% | 1.4% | 1.4% |
| Klasse I-X-acc | USD | 3.7% | 4.0% | 4.4% |
| Klasse (CHF hedged) I-X-acc | CHF | 2.5% | 0.9% | 1.0% |
| Klasse (EUR hedged) I-X-acc | EUR | 2.7% | 1.4% | 1.5% |
| Klasse (EUR hedged) I-X-UKdist 1 | EUR | - | 1.4% | - |
| Klasse (CHF hedged) K-B-acc 2 | CHF | - | - | - |
| Klasse K-B-mdist 2 | USD | - | - | - |
| Klasse (EUR hedged) K-B-mdist 3 | EUR | - | - | - |
| Klasse K-X-acc 4 | USD | - | 4.0% | 4.4% |
| Klasse (EUR hedged) K-X-acc | EUR | 2.7% | 1.4% | 1.5% |
| Klasse P-acc | USD | 2.8% | 3.1% | 3.5% |
| Klasse Q-acc | USD | 3.2% | 3.5% | 3.9% |
| Klasse U-X-acc | USD | 3.7% | 4.0% | 4.5% |
| Klasse U-X-UKdist-mdist 5 | USD | - | - | - |
| Benchmark: Bloomberg Barclays Eurodollar Corporate 1-3yrs | USD | 2.8% | 4.4% | 4.4% |
| Bloomberg Barclays Eurodollar Corporate 1-3yrs (hedged CHF) | CHF | 1.6% | 1.4% | 0.9% |
| Bloomberg Barclays Eurodollar Corporate 1-3yrs (hedged EUR) | EUR | 1.9% | 1.8% | 1.3% |

1 
Die Aktienklasse (EUR hedged) I-X-UKdist war bis zum 17.9.2020 im Umlauf. Auf Grund dessen liegen keine Daten für die Berechnung der Performance vor.
2 
Auf Grund der Neulancierung liegen keine Daten für die Berechnung der Performance vor.
3 
Für die Periode vom 7.8.2020 bis zum 23.3.2021 war die Aktienklasse (EUR hedged) K-B-mdist im Umlauf. Auf Grund dessen liegen keine Daten für die Berechnung der Performance vor.
4 
Die Aktienklasse K-X-acc war bis zum 5.8.2020 im Umlauf. Auf Grund dessen liegen keine Daten für die Berechnung der Performance vor.
5 
Für die Periode vom 9.7.2018 bis zum 21.10.2019 war die Aktienklasse U-X-UKdist-mdist im Umlauf. Auf Grund dessen 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.
UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021

## Bericht des Portfolio Managers
Im Rechnungsjahr vom 1. Juni 2020 bis zum 31. Mai 2021 konnten die US-Anleihenmärkte eine positive Per- formance erzielen.
Die massiven Konjunkturimpulse, mit denen die geld- und fiskalpolitischen Entscheidungsträger weltweit seit dem Frühjahr 2020 der Pandemie begegneten, und ganz besonders die Massnahmen der US-Notenbank und der US-Regierung, beruhigten die Finanzmärkte. Zudem zeigten die US-Konjunkturdaten zuletzt einen sehr posi- tiven Trend an, da die Kontaktbeschränkungen weiter gelockert werden konnten und sich die Mobilitätsindika- toren verbesserten. Vor allem aber enthielten die Ergeb- nisberichte der Unternehmen für das 1. Quartal 2021 sehr vielversprechende Zahlen. Die US-Notenbank (Fed) liess ihren Leitzins im Rechnungsjahr unverändert bei null (konkret in einer Bandbreite von 0% bis 0.25%) und setzt ihren aggressiven Lockerungskurs fort, während sich die Wirtschaft weiter von Covid-19 erholt.
Die Risikoprämien von US-Investment-Grade-Unterneh- mensanleihen verengten sich im Laufe des Rechnungs- jahres immer weiter und waren Ende Mai 2021 um 100 Bp. enger. Die technischen Aussichten für die Anlage- klasse sind immer noch positiv, denn die Fed setzt ihre Wertpapierkäufe fort und die Nachfrage bleibt stark, weil die Anleger weltweit nach Renditen suchen. Ausser- dem konnten US-Industrieunternehmen mit Investment- Grade-Rating (Nichtfinanzunternehmen, Versorger) die Liquidität in ihren Bilanzen im Jahr 2020 insgesamt um rund USD 500 Mrd. aufstocken. Allgemein wird erwartet, dass diese Unternehmen ihre flüssigen Mittel in diesem Jahr zur Reduktion der Verschuldung auf die Niveaus vor Covid-19 verwenden und keine neuen Anleihen bege- ben werden.
Der Subfonds erzielte im Rechnungsjahr eine positive Performance. Die Verengung der Kreditrisikoprämien im Segment von ein bis drei Jahren und die laufenden Erträge trugen positiv zur Wertentwicklung bei, während sich die stabilen Renditen kurzfristiger US-Treasuries neutral auswirkten. Der Subfonds verfolgt einen diver- sifizierten Ansatz und investiert in ein breites Spektrum von Branchen und Emittenten. Die optionsbereinigte Duration des Subfonds war mit 1.9 Jahren am Ende des Rechnungsjahres etwas kürzer als im Vorjahr. Das Durati- onsmanagement, das Spreadmanagement und vor allem die Titelauswahl trugen positiv zur relativen Performance bei.

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Vereinigte Staaten | 49.20 |
| --- | --- |
| Grossbritannien | 9.26 |
| Niederlande | 4.55 |
| Irland | 4.14 |
| Frankreich | 4.14 |
| Cayman-Inseln | 3.27 |
| Australien | 2.68 |
| Schweiz | 2.58 |
| Kanada | 1.72 |
| Dänemark | 1.72 |
| Spanien | 1.69 |
| Italien | 1.40 |
| Deutschland | 1.34 |
| Schweden | 1.25 |
| China | 1.17 |
| Südkorea | 0.93 |
| Türkei | 0.86 |
| Vereinigte Arabische Emirate | 0.64 |
| Luxemburg | 0.63 |
| Mexiko | 0.61 |
| Norwegen | 0.59 |
| Japan | 0.59 |
| Guernsey | 0.53 |
| Neuseeland | 0.52 |
| Finnland | 0.42 |
| Mauritius | 0.41 |
| Singapur | 0.38 |
| Hongkong | 0.33 |
| Belgien | 0.32 |
| Multinational | 0.32 |
| Venezuela | 0.32 |
| Jersey | 0.31 |
| Kolumbien | 0.30 |
| Uzbekistan | 0.28 |
| Saudiarabia | 0.12 |
| Bermuda | 0.06 |
| Total | 99.58 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Banken & Kreditinstitute | 35.14 |
| --- | --- |
| Finanz- & Beteiligungsgesellschaften | 25.98 |
| Erdöl | 4.42 |
| Telekommunikation | 4.08 |
| Anlagefonds | 3.80 |
| Internet, Software & IT-Dienste | 3.30 |
| Energie- & Wasserversorgung | 2.90 |
| Computer & Netzwerkausrüster | 2.51 |
| Fahrzeuge | 2.49 |
| Pharmazeutik, Kosmetik & medizinische Produkte | 2.20 |
| Pfandbriefinstitute & Refinanzierungsgesellschaften | 1.93 |
| Verkehr & Transport | 1.72 |
| Flugzeug- & Raumfahrtindustrie | 1.47 |
| Tabak & alkoholische Getränke | 1.07 |
| Diverse nicht klassierte Gesellschaften | 0.89 |
| Bergbau, Kohle & Stahl | 0.83 |
| Gesundheits- & Sozialwesen | 0.72 |
| Supranationale Organisationen | 0.62 |
| Detailhandel, Warenhäuser | 0.49 |
| Immobilien | 0.42 |
| Versicherungen | 0.33 |
| Nahrungsmittel & Softdrinks | 0.33 |
| Grafisches Gewerbe, Verlage & Medien | 0.32 |
| Edelmetalle und -steine | 0.32 |
| Länder- & Zentralregierungen | 0.30 |
| Diverse Dienstleistungen | 0.30 |
| Maschinen & Apparate | 0.21 |
| Verpackungsindustrie | 0.20 |
| Elektronik & Halbleiter | 0.20 |
| Baugewerbe & Baumaterial | 0.09 |
| Total | 99.58 |

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

## Nettovermögensaufstellung
Aktiva	31.5.2021
USD
Wertpapierbestand, Einstandswert	993 152 008.44
| Wertpapierbestand, nicht realisierte Werterhöhung (-minderung) | 	10 778 764.52	 |
| --- | --- |
| Total Wertpapierbestand (Erläuterung 1) | 1 003 930 772.96 |
| Bankguthaben, Sicht- und Fristgelder | 14 265 008.28 |
| Andere liquide Mittel (Margins) | 350 647.25 |
| Forderungen aus Zeichnungen | 573 093.59 |
| Zinsforderungen aus Wertpapieren | 7 676 819.51 |
| Forderungen aus Dividenden | 1 067.79 |
| Nicht realisierter Kursgewinn aus Devisenterminkontrakten (Erläuterung 1) | 9 572 506.85 |
| Total Aktiva | 1 036 369 916.23 |
|  |  |
| Passiva |  |
| Nicht realisierter Kursverlust aus Finanzterminkontrakten (Erläuterung 1) | -19 140.63 |
| Zinsverbindlichkeiten aus Kontokorrentkredit | -4.86 |
| Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1) | -13 397 891.18 |
| Verbindlichkeiten aus Rücknahmen | -14 512 582.70 |
| Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2) | -154 306.39 |
| Rückstellungen für Abonnementsabgabe (Erläuterung 3) | -22 756.21 |
| Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2) | 	-56 538.89	 |
| Total Rückstellungen für Aufwendungen | -233 601.49 |
| Total Passiva | -28 163 220.86 |
|  |  |
| Nettovermögen am Ende des Geschäftsjahres | 1 008 206 695.37 |
| Ertrags- und Aufwandsrechnung | USD |
| Erträge | 1.6.2020-31.5.2021 |
| Zinsertrag auf liquide Mittel | 282.12 |
| Zinsen auf Wertpapiere | 28 572 443.26 |
| Dividenden | 44 842.16 |
| Erträge aus Securities Lending (Erläuterung 16) | 107 287.87 |
| Sonstige Erträge (Erläuterung 4) | 708 204.62 |
| Total Erträge | 29 433 060.03 |
|  |  |
| Aufwendungen |  |
| Pauschale Verwaltungskommission (Erläuterung 2) | -1 190 422.31 |
| Abonnementsabgabe (Erläuterung 3) | -137 083.85 |
| Kosten aus Securities Lending (Erläuterung 16) | -42 915.15 |
| Sonstige Kommissionen und Gebühren (Erläuterung 2) | -77 368.52 |
| Zinsaufwand auf liquide Mittel und Kontokorrentkredit | -1 562.45 |
| Total Aufwendungen | -1 449 352.28 |
|  |  |
| Nettoerträge (-verluste) aus Anlagen | 27 983 707.75 |
|  |  |
| Realisierte Gewinne (Verluste) (Erläuterung 1) |  |
| Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen | 1 647 830.91 |
| Realisierter Kursgewinn (-verlust) aus Optionen | -136 300.00 |
| Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten | 2 500 082.01 |
| Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten | 31 609 719.83 |
| Realisierter Währungsgewinn (-verlust) | -2 109 173.31 |
| Total der realisierten Gewinne (Verluste) | 33 512 159.44 |
|  |  |
| Realisierter Nettogewinn (-verlust) des Geschäftsjahres | 61 495 867.19 |
|  |  |
| Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1) |  |
| Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen | 1 981 024.73 |
| Nicht realisierte Werterhöhung (-minderung) renditebewerteter Wertpapiere und Geldmarktinstrumente | 105 342.89 |
| Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten | -1 939 420.70 |
| Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten | 499 708.31 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 646 655.23 |
|  |  |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 62 142 522.42 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
| Veränderung des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.6.2020-31.5.2021 |
| Nettovermögen zu Beginn des Geschäftsjahres | 877 789 937.60 |
| Zeichnungen | 356 457 856.31 |
| Rücknahmen | 	-287 828 659.32	 |
| Total Mittelzufluss (-abfluss) | 68 629 196.99 |
| Ausbezahlte Dividende | -354 961.64 |
| Nettoerträge (-verluste) aus Anlagen | 27 983 707.75 |
| Total der realisierten Gewinne (Verluste) | 33 512 159.44 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	646 655.23	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 62 142 522.42 |
| Nettovermögen am Ende des Geschäftsjahres | 1 008 206 695.37 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2020-31.5.2021 |
| Klasse | F-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 419 131.3950 |
| Anzahl der ausgegebenen Aktien | 29 839.6050 |
| Anzahl der zurückgegebenen Aktien | -94 041.7510 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 354 929.2490 |
| Klasse | (CHF hedged) F-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 301 244.0000 |
| Anzahl der ausgegebenen Aktien | 131 632.0000 |
| Anzahl der zurückgegebenen Aktien | -40 208.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 392 668.0000 |
| Klasse | (EUR hedged) F-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 253 762.7880 |
| Anzahl der ausgegebenen Aktien | 9 514.0000 |
| Anzahl der zurückgegebenen Aktien | -68 706.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 194 570.7880 |
| Klasse | I-A1-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 104 598.6990 |
| Anzahl der ausgegebenen Aktien | 276 237.6480 |
| Anzahl der zurückgegebenen Aktien | -12 993.2950 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 367 843.0520 |
| Klasse | I-A2-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 28 776.7380 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -7 623.7270 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 21 153.0110 |
| Klasse | I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 432 286.4070 |
| Anzahl der ausgegebenen Aktien | 587 607.8030 |
| Anzahl der zurückgegebenen Aktien | -244 347.4830 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 775 546.7270 |
| Klasse | (EUR hedged) I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 446 504.5090 |
| Anzahl der ausgegebenen Aktien | 675 077.8860 |
| Anzahl der zurückgegebenen Aktien | -443 284.9990 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 678 297.3960 |
| Klasse | I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 629 678.4730 |
| Anzahl der ausgegebenen Aktien | 19 834.6820 |
| Anzahl der zurückgegebenen Aktien | -32 365.7270 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 617 147.4280 |
| Klasse | (CHF hedged) I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 2 234 861.3020 |
| Anzahl der ausgegebenen Aktien | 379 734.5070 |
| Anzahl der zurückgegebenen Aktien | -579 370.8930 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 2 035 224.9160 |
| Klasse | (EUR hedged) I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 698 516.7320 |
| Anzahl der ausgegebenen Aktien | 37 261.0430 |
| Anzahl der zurückgegebenen Aktien | -7 154.1430 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 728 623.6320 |
| Klasse | (EUR hedged) I-X-UKdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 66 800.0000 |
| Anzahl der ausgegebenen Aktien | 0.0000 |
| Anzahl der zurückgegebenen Aktien | -66 800.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 0.0000 |
| Klasse | (CHF hedged) K-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 5 498.7010 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 5 498.7010 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
| Klasse |  |  | K-B-mdist |
| --- | --- | --- | --- |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  |  | 0.0000 |
| Anzahl der ausgegebenen Aktien |  |  | 153 677.2050 |
| Anzahl der zurückgegebenen Aktien |  |  | -61 428.7130 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  |  | 92 248.4920 |
| Klasse |  |  | (EUR hedged) K-B-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  |  | 0.0000 |
| Anzahl der ausgegebenen Aktien |  |  | 24 160.1410 |
| Anzahl der zurückgegebenen Aktien |  |  | -24 160.1410 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  |  | 0.0000 |
| Klasse |  |  | K-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  |  | 136 879.8750 |
| Anzahl der ausgegebenen Aktien |  |  | 0.0000 |
| Anzahl der zurückgegebenen Aktien |  |  | -136 879.8750 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  |  | 0.0000 |
| Klasse |  |  | (EUR hedged) K-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  |  | 23 475.2070 |
| Anzahl der ausgegebenen Aktien |  |  | 0.0000 |
| Anzahl der zurückgegebenen Aktien |  |  | -23 449.6280 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  |  | 25.5790 |
| Klasse |  |  | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  |  | 341 732.9980 |
| Anzahl der ausgegebenen Aktien |  |  | 295 185.9880 |
| Anzahl der zurückgegebenen Aktien |  |  | -221 714.5270 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  |  | 415 204.4590 |
| Klasse |  |  | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  |  | 147 443.7160 |
| Anzahl der ausgegebenen Aktien |  |  | 198 278.1640 |
| Anzahl der zurückgegebenen Aktien |  |  | -201 586.9300 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  |  | 144 134.9500 |
| Klasse |  |  | U-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  |  | 15 617.0000 |
| Anzahl der ausgegebenen Aktien |  |  | 1 392.0000 |
| Anzahl der zurückgegebenen Aktien |  |  | -1 489.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  |  | 15 520.0000 |
| Jährliche Ausschüttung 1 |  |  |  |
| UBS (Lux) Bond SICAV – Short Term USD Corporates (USD)	Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| (EUR hedged) I-X-UKdist	15.6.2020 | 18.6.2020 | EUR | 3.20 |
| Monatliche Ausschüttung 1 |  |  |  |
| UBS (Lux) Bond SICAV – Short Term USD Corporates (USD)	Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| K-B-mdist	15.9.2020 | 18.9.2020 | USD | 0.09 |
| K-B-mdist	15.10.2020 | 20.10.2020 | USD | 0.09 |
| K-B-mdist	16.11.2020 | 19.11.2020 | USD | 0.09 |
| K-B-mdist	15.12.2020 | 18.12.2020 | USD | 0.09 |
| K-B-mdist	15.1.2021 | 20.1.2021 | USD | 0.09 |
| K-B-mdist	15.2.2021 | 18.2.2021 | USD | 0.09 |
| K-B-mdist	15.3.2021 | 18.3.2021 | USD | 0.09 |
| K-B-mdist	15.4.2021 | 20.4.2021 | USD | 0.09 |
| K-B-mdist	17.5.2021 | 20.5.2021 | USD | 0.09 |
| (EUR hedged) K-B-mdist	15.9.2020 | 18.9.2020 | EUR | 0.03 |
| (EUR hedged) K-B-mdist	15.10.2020 | 20.10.2020 | EUR | 0.03 |
| (EUR hedged) K-B-mdist	16.11.2020 | 19.11.2020 | EUR | 0.03 |
| (EUR hedged) K-B-mdist	15.12.2020 | 18.12.2020 | EUR | 0.03 |
| (EUR hedged) K-B-mdist	15.1.2021 | 20.1.2021 | EUR | 0.03 |
| (EUR hedged) K-B-mdist	15.2.2021 | 18.2.2021 | EUR | 0.03 |
| (EUR hedged) K-B-mdist	15.3.2021 | 18.3.2021 | EUR | 0.03 |
| 1  Siehe Erläuterung 5 |  |  |  |

UBS (Lux) Bond SICAV – Short Term USD Corporates (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 |  |  |  |
| USD |  |  |  |
| USD	A.P. MOELLER-MAERSK-REG-S 3.75000% 14-22.09.24 | 4 438 000.00 | 4 806 041.48 | 0.48 |
| USD	ABBVIE INC 2.60000% 20-21.11.24 | 4 000 000.00 | 4 236 949.44 | 0.42 |
| USD	ABBVIE INC 2.90000% 13-06.11.22 | 5 057 000.00 | 5 239 649.08 | 0.52 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.12500% 18-03.07.23 | 1 550 000.00 | 1 643 329.54 | 0.16 |
| USD	AERCAP IRE CAP LTD/GLB AVIA TRUST 4.50000% 20-15.09.23 | 4 000 000.00 | 4 297 228.28 | 0.43 |
| USD	AETNA INC 2.80000% 16-15.06.23 | 1 827 000.00 | 1 907 442.76 | 0.19 |
| USD	ALTRIA GROUP INC 3.80000% 19-14.02.24 | 3 000 000.00 | 3 233 161.24 | 0.32 |
| USD	AMAZON.COM INC 2.80000% 18-22.08.24 | 2 159 000.00 | 2 311 299.92 | 0.23 |
| USD	AMERICAN AIRLINES GROUP INC-REG-S 5.00000% 19-01.06.22 | 3 000 000.00 | 2 992 500.00 | 0.30 |
| USD	AMERICAN INTERNATIONAL GROUP 4.87500% 12-01.06.22 | 1 294 000.00 | 1 353 082.06 | 0.13 |
| USD	ANGLO AMERICAN CAPITAL PLC-144A 3.62500% 17-11.09.24 | 883 000.00 | 957 821.26 | 0.10 |
| USD	ANGLO AMERICAN CAPITAL PLC-REG-S 3.62500% 17-11.09.24 | 485 000.00 | 526 096.62 | 0.05 |
| USD	APPLE INC 0.75000% 20-11.05.23 | 11 000 000.00 | 11 114 290.00 | 1.10 |
| USD	APPLE INC 3.00000% 17-09.02.24 | 8 000 000.00 | 8 530 893.76 | 0.85 |
| USD	ASTRAZENECA PLC 0.30000% 21-26.05.23 | 2 000 000.00 | 1 999 159.20 | 0.20 |
| USD	AT&T INC 0.90000% 21-25.03.24 | 2 000 000.00 | 2 005 455.96 | 0.20 |
| USD	AT&T INC 3.00000% 15-30.06.22 | 3 500 000.00 | 3 587 387.72 | 0.36 |
| USD	BAIDU INC 4.37500% 18-14.05.24 | 5 000 000.00 | 5 469 650.00 | 0.54 |
| USD	BANCO SANTANDER SA 2.70600% 19-27.06.24 | 7 000 000.00 | 7 411 304.25 | 0.74 |
| USD	BANQUE FEDERATIVE DU CREDIT MUT-REG-S 3.75000% 18-20.07.23 | 4 000 000.00 | 4 277 812.68 | 0.42 |
| USD	BARCLAYS BANK PLC 3.75000% 14-15.05.24 | 500 000.00 | 546 177.84 | 0.05 |
| USD	BARRY CALLEBAUT SERVICES NV-REG-S 5.50000% 13-15.06.23 | 3 000 000.00 | 3 274 593.30 | 0.32 |
| USD	BAT CAPITAL CORP 2.78900% 19-06.09.24 | 3 958 000.00 | 4 170 637.02 | 0.41 |
| USD	BAT CAPITAL CORP 3.22200% 18-15.08.24 | 5 000 000.00 | 5 324 128.35 | 0.53 |
| USD	BAYER US FINANCE II LLC-REG-S 3.87500% 18-15.12.23 | 3 000 000.00 | 3 227 505.18 | 0.32 |
| USD	BMW FINANCE NV-REG-S 2.25000% 19-12.08.22 | 3 500 000.00 | 3 579 441.50 | 0.36 |
| USD	BMW US CAPITAL LLC-REG-S 3.80000% 20-06.04.23 | 3 000 000.00 | 3 184 977.77 | 0.32 |
| USD	BOEING CO 1.16700% 21-04.02.23 | 1 000 000.00 | 1 004 676.97 | 0.10 |
| USD	BOEING CO 4.50800% 20-01.05.23 | 10 000 000.00 | 10 681 589.00 | 1.06 |
| USD	BP CAPITAL MARKETS PLC 2.75000% 18-10.05.23 | 10 000 000.00 | 10 463 688.50 | 1.04 |
| USD	BPCE SA-REG-S 4.00000% 18-12.09.23 | 7 230 000.00 | 7 784 281.37 | 0.77 |
| USD	BRISTOL-MYERS SQUIBB CO 2.90000% 20-26.07.24 | 1 914 000.00 | 2 052 031.65 | 0.20 |
| USD	CANADIAN NATURAL RESOURCES LTD 3.80000% 14-15.04.24 | 2 000 000.00 | 2 158 384.92 | 0.21 |
| USD	CANADIAN NATURAL RESOURCES LTD 2.95000% 17-15.01.23 | 4 700 000.00 | 4 883 684.65 | 0.48 |
| USD	CATERPILLAR INC 3.40000% 14-15.05.24 | 2 000 000.00 | 2 164 229.90 | 0.21 |
| USD	CENTERPOINT ENERGY INC 3.85000% 18-01.02.24 | 2 750 000.00 | 2 968 486.29 | 0.29 |
| USD	COMCAST CORP 3.70000% 18-15.04.24 | 3 000 000.00 | 3 265 920.48 | 0.32 |
| USD	CORP ANDINA DE FOMENTO 3.75000% 18-23.11.23 | 3 000 000.00 | 3 212 700.00 | 0.32 |
| USD	CORPORACION ANDINA DE FOMENTO 2.12500% 16-27.09.21 | 3 000 000.00 | 3 013 530.00 | 0.30 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 6.50000% 19-08.04.24 | 4 000 000.00 | 4 250 750.00 | 0.42 |
| USD	CREDIT SUISSE GROUP AG 3.80000% 16-09.06.23 | 5 000 000.00 | 5 310 507.40 | 0.53 |
| USD	CVS HEALTH CORP 3.70000% 18-09.03.23 | 816 000.00 | 862 654.25 | 0.09 |
| USD	DAIMLER FINANCE NORTH AMERICA LLC-REG-S 3.65000% 19-22.02.24 | 4 000 000.00 | 4 314 377.32 | 0.43 |
| USD	DAIMLER FINANCE NORTH AMERICA-REG-S 2.12500% 20-10.03.25 | 3 000 000.00 | 3 104 135.25 | 0.31 |
| USD	DELL INTERNATIONAL LLC / EMC CORP-REG-S 5.45000% 16-15.06.23 | 4 882 000.00 | 5 313 084.65 | 0.53 |
| USD	DEUTSCHE BANK AG 4.25000% 17-14.10.21 | 8 000 000.00 | 8 112 742.16 | 0.80 |
| USD	DEUTSCHE BANK AG/NEW YORK NY 3.95000% 18-27.02.23 | 3 000 000.00 | 3 162 484.71 | 0.31 |
| USD	DIAMONDBACK ENERGY INC 2.87500% 19-01.12.24 | 3 560 000.00 | 3 785 651.42 | 0.38 |
| USD	DOMINION GAS HOLDINGS LLC 2.50000% 19-15.11.24 | 5 337 000.00 | 5 633 433.10 | 0.56 |
| USD	DTE ENERGY CO 2.25000% 19-01.11.22 | 6 840 000.00 | 7 038 441.40 | 0.70 |
| USD	ENEL FINANCE INTERNATIONAL NV-REG-S 2.87500% 17-25.05.22 | 8 750 000.00 | 8 960 680.40 | 0.89 |
| USD	ENI SPA-REG-S 4.00000% 18-12.09.23 | 3 465 000.00 | 3 716 097.18 | 0.37 |
| USD	EXELON GENERATION CO LLC 3.25000% 20-01.06.25 | 3 000 000.00 | 3 234 762.58 | 0.32 |
| USD	FISERV INC 2.75000% 19-01.07.24 | 6 500 000.00 | 6 892 200.90 | 0.68 |
| USD	FORD MOTOR CREDIT CO LLC 4.37500% 13-06.08.23 | 4 000 000.00 | 4 207 520.00 | 0.42 |
| USD	FREEPORT-MCMORAN INC 4.55000% 14-14.11.24 | 3 000 000.00 | 3 251 670.00 | 0.32 |
| USD	GE CAPITAL INTL FUNDING CO 3.37300% 16-15.11.25 | 5 000 000.00 | 5 463 295.55 | 0.54 |
| USD	GENERAL MOTORS CO 4.87500% 14-02.10.23 | 5 500 000.00 | 6 014 745.00 | 0.60 |
| USD	GENERAL MOTORS CO 5.40000% 20-02.10.23 | 3 000 000.00 | 3 318 242.82 | 0.33 |
| USD	GENERAL MOTORS FINANCIAL CO INC 3.15000% 17-30.06.22 | 3 000 000.00 | 3 079 106.46 | 0.31 |
| USD	GLENCORE FINANCE CANADA LTD-REG-STEP-UP 12-25.10.22 | 2 000 000.00 | 2 100 767.22 | 0.21 |
| USD	GLENCORE FUNDING LLC-144A 3.00000% 17-27.10.22 | 1 625 000.00 | 1 675 591.33 | 0.17 |
| USD	GLENCORE FUNDING LLC-REG-S 4.12500% 19-12.03.24 | 3 510 000.00 | 3 800 530.49 | 0.38 |
| USD	HUTCHINSON WHAMPOA INTL 11 LTSD-REG-S 4.62500% 12-13.01.22 | 4 100 000.00 | 4 202 989.96 | 0.42 |
| USD	HYUNDAI CAPITAL AMERICA-REG-S 3.10000% 17-05.04.22 | 3 272 000.00 | 3 343 907.96 | 0.33 |
| USD	HYUNDAI CAPITAL AMERICA-REG-S 0.80000% 21-08.01.24 | 5 000 000.00 | 4 989 907.10 | 0.49 |
| USD	HYUNDAI CAPITAL SERVICES INC-REG-S 3.00000% 17-29.08.22 | 3 000 000.00 | 3 076 500.00 | 0.31 |
| USD	IHS NETHERLANDS HOLDCO BV-REG-S 7.12500% 19-18.03.25 | 3 580 000.00 | 3 731 702.50 | 0.37 |
| USD	IMPERIAL BRANDS FINANCE PLC-144A 3.50000% 13-11.02.23 | 5 000 000.00 | 5 183 386.15 | 0.51 |
| USD	ING GROEP NV 3.55000% 19-09.04.24 | 3 898 000.00 | 4 213 899.06 | 0.42 |
| USD	ING GROEP NV 4.10000% 18-02.10.23 | 7 064 000.00 | 7 651 763.58 | 0.76 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 1.87500% 12-01.08.22 | 1 424 000.00 | 1 451 315.77 | 0.14 |
| USD	INTERNATIONAL BUSINESS MACHINES CORP 3.00000% 19-15.05.24 | 3 094 000.00 | 3 317 248.59 | 0.33 |
| USD	KINDER MORGAN INC 3.15000% 17-15.01.23 | 1 500 000.00 | 1 563 093.21 | 0.16 |
| USD	KROGER CO 2.80000% 17-01.08.22 | 440 000.00 | 451 988.14 | 0.04 |
| USD	KROGER CO 4.00000% 14-01.02.24 | 2 000 000.00 | 2 166 979.90 | 0.21 |
| USD	KT CORP-REG-S 2.62500% 17-07.08.22 | 4 200 000.00 | 4 301 850.00 | 0.43 |
| USD	LENNOX INTERNATIONAL INC 1.35000% 20-01.08.25 | 900 000.00 | 904 739.18 | 0.09 |
| USD	LLOYDS BANKING GROUP PLC 4.05000% 18-16.08.23 | 6 000 000.00 | 6 464 420.51 | 0.64 |
| USD	LLOYDS BANKING GROUP PLC 4.45000% 18-08.05.25 | 2 000 000.00 | 2 251 404.62 | 0.22 |
| USD	MARATHON PETROLEUM CORP 4.50000% 20-01.05.23 | 9 090 000.00 | 9 732 096.06 | 0.97 |
| USD	MICROSOFT CORP 2.37500% 15-12.02.22 | 9 650 000.00 | 9 782 757.75 | 0.97 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 2.19000% 16-13.09.21 | 3 339 000.00 | 3 358 032.30 | 0.33 |
| USD	MOLSON COORS BREWING CO 2.10000% 16-15.07.21 | 7 530 000.00 | 7 540 010.91 | 0.75 |
| USD	MPLX LP 4.87500% 16-01.12.24 | 2 500 000.00 | 2 820 315.03 | 0.28 |
| USD	MTN MAURITIUS INVESTMENTS LTD-REG-S 5.37300% 16-13.02.22 | 4 000 000.00 | 4 098 250.00 | 0.41 |
| USD	NATIONAL BANK OF UZBEKISTAN-REG-S 4.85000% 20-21.10.25 | 1 667 000.00 | 1 738 681.00 | 0.17 |
| USD	NATWEST GROUP PLC 3.87500% 16-12.09.23 | 9 000 000.00 | 9 662 580.00 | 0.96 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (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 | NBK SPC LTD-REG-S 2.75000% 17-30.05.22 | 3 000 000.00 | 3 060 000.00 | 0.30 |
| USD | NISSAN MOTOR ACCEPTANCE CORP-REG-S 3.87500% 18-21.09.23 | 4 000 000.00 | 4 260 711.56 | 0.42 |
| USD | NORDEA BANK ABP-REG-S 1.00000% 20-09.06.23 | 1 200 000.00 | 1 215 394.25 | 0.12 |
| USD | NORDEA BANK ABP-REG-S-SUB 4.25000% 12-21.09.22 | 2 896 000.00 | 3 038 200.93 | 0.30 |
| USD | OCCIDENTAL PETROLEUM CORP 2.70000% 19-15.08.22 | 2 000 000.00 | 2 011 600.00 | 0.20 |
| USD | PARK AEROSPACE HOLDINGS LTD-144A 5.50000% 17-15.02.24 | 4 500 000.00 | 4 945 662.72 | 0.49 |
| USD | PARK AEROSPACE HOLDINGS LTD-REG-S 5.25000% 17-15.08.22 | 58 000.00 | 60 977.67 | 0.01 |
| USD | PLAINS ALL AMERICAN PIPELINE LP 3.65000% 12-01.06.22 | 2 000 000.00 | 2 044 507.02 | 0.20 |
| USD | PLAINS ALL AMERICAN PIPELINE LP 3.85000% 13-15.10.23 | 1 000 000.00 | 1 058 639.09 | 0.11 |
| USD | SANTANDER HOLDINGS USA INC 4.45000% 18-03.12.21 | 1 200 000.00 | 1 220 805.83 | 0.12 |
| USD | SANTANDER UK GROUP HOLD PLC 2.87500% 16-05.08.21 | 5 000 000.00 | 5 022 400.90 | 0.50 |
| USD | SASOL FINANCING USA LLC 5.87500% 18-27.03.24 | 4 000 000.00 | 4 284 500.00 | 0.42 |
| USD | SAUDI ARABIAN OIL CO-REG-S 1.25000% 20-24.11.23 | 1 200 000.00 | 1 213 125.00 | 0.12 |
| USD | SINOPEC GROUP OVERSEAS DEV LD-144A 3.75000% 18-12.09.23 | 2 000 000.00 | 2 131 000.00 | 0.21 |
| USD | SKANDINAVISKA ENSKILDA BANKEN AB 1.87500% 16-13.09.21 | 5 000 000.00 | 5 024 058.80 | 0.50 |
| USD | SOCIETE GENERALE-REG-S 2.62500% 19-16.10.24 | 7 030 000.00 | 7 389 936.43 | 0.73 |
| USD | SOUTHERN CO 2.95000% 16-01.07.23 | 5 000 000.00 | 5 229 813.35 | 0.52 |
| USD | SOUTHWEST AIRLINES CO 4.75000% 20-04.05.23 | 2 515 000.00 | 2 711 746.03 | 0.27 |
| USD | SOVCOMBANK VIA SOVCOM CAPITAL DAC-REG-S 3.40000% 21-26.01.25 | 4 180 000.00 | 4 178 693.75 | 0.41 |
| USD | SWEDBANK AB-REG-S 0.60000% 20-25.09.23 | 3 000 000.00 | 3 004 050.00 | 0.30 |
| USD | TELEFONICA EMISIONES SA 4.57000% 13-27.04.23 | 8 000 000.00 | 8 595 283.76 | 0.85 |
| USD | TOTAL CAPITAL INTERNATIONAL SA 2.70000% 12-25.01.23 | 2 000 000.00 | 2 080 458.02 | 0.21 |
| USD | TURKEY, REPUBLIC OF 5.12500% 11-25.03.22 | 3 000 000.00 | 3 064 312.50 | 0.30 |
| USD | UNITEDHEALTH GROUP INC 3.50000% 18-15.02.24 | 3 000 000.00 | 3 245 837.04 | 0.32 |
| USD | UZBEK INDUSTRIAL AND CONS ATB-REG-S 5.75000% 19-02.12.24 | 1 000 000.00 | 1 055 812.50 | 0.10 |
| USD | VERIZON COMMUNICATIONS INC 0.85000% 20-20.11.25 | 6 833 000.00 | 6 765 780.02 | 0.67 |
| USD | VMWARE INC 4.50000% 20-15.05.25 | 5 296 000.00 | 5 951 449.75 | 0.59 |
| USD | VOLKSWAGEN GRP OF AMERICA FINANCE-REG-S 4.00000% 18-12.11.21 | 5 474 000.00 | 5 565 433.04 | 0.55 |
| USD | VOLKSWAGEN GRP OF AMERICA FINANCE-REG-S 3.12500% 20-12.05.23 | 4 000 000.00 | 4 208 174.92 | 0.42 |
| USD | WILLIAMS COMPANIES INC 4.55000% 14-24.06.24 | 3 000 000.00 | 3 319 585.80 | 0.33 |
| Total USD |  |  | 476 422 461.49 | 47.25 |
| Total Notes, fester Zins |  | 476 422 461.49 | 47.25 |
| Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	ABN AMRO BANK NV-REG-S-SUB 4.400%/VAR 17-27.03.28 | 5 200 000.00 | 5 489 317.60 | 0.54 |
| USD	BANCO SANTANDER SA 3M LIBOR+156BP 17-11.04.22 | 1 000 000.00 | 1 011 327.40 | 0.10 |
| USD	BANK OF AMERICA CORP 3.550%/3M LIBOR+78BP 18-05.03.24 | 18 000 000.00 | 18 985 793.76 | 1.88 |
| USD	BARCLAYS PLC 4.610%/VAR 18-15.02.23 | 10 000 000.00 | 10 293 352.70 | 1.02 |
| USD	BK OF AMERICA CORP 3.004%/VAR 18-20.12.23 | 8 000 000.00 | 8 324 060.48 | 0.83 |
| USD	BNP PARIBAS-REG-S 2.819% /VAR 19-19.11.25 | 5 000 000.00 | 5 284 618.90 | 0.52 |
| USD	CITIGROUP INC 2.876%/VAR 17-24.07.23 | 10 000 000.00 | 10 293 395.20 | 1.02 |
| USD	CITIGROUP INC 3.352%/VAR 19-24.04.25 | 7 000 000.00 | 7 519 272.74 | 0.75 |
| USD	CREDIT SUISSE GROUP AG-REG-S 4.207%/VAR 18-12.06.24 | 8 000 000.00 | 8 549 892.48 | 0.85 |
| USD	DANSKE BANK A/S-144A 5.000%/VAR 20-12.01.23 | 4 000 000.00 | 4 103 099.20 | 0.41 |
| USD	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.625%/VAR 14-PRP | 2 800 000.00 | 2 996 196.00 | 0.30 |
| USD	GOLDMAN SACHS GROUP INC 2.905%/VAR 17-24.07.23 | 18 000 000.00 | 18 508 170.42 | 1.84 |
| USD	GOLDMAN SACHS GROUP INC 3M LIBOR+78BP 17-31.10.22 | 5 000 000.00 | 5 013 400.00 | 0.50 |
| USD	HSBC HOLDINGS PLC 3.262%/VAR 17-13.03.23 | 6 000 000.00 | 6 138 082.44 | 0.61 |
| USD	HSBC HOLDINGS PLC 4.292%/VAR 18-12.09.26 | 5 000 000.00 | 5 587 426.35 | 0.55 |
| USD	JPMORGAN CHASE & CO 3.220%/VAR 17-01.03.25 | 9 000 000.00 | 9 612 404.19 | 0.95 |
| USD	JPMORGAN CHASE & CO 3.797%/VAR 18-23.07.24 | 8 000 000.00 | 8 554 960.00 | 0.85 |
| USD	JPMORGAN CHASE & CO 3.207%/VAR 19-01.04.23 | 8 000 000.00 | 8 194 065.20 | 0.81 |
| USD	MACQUARIE GROUP LTD-REG-S 3.189%/VAR 17-28.11.23 | 3 000 000.00 | 3 117 150.00 | 0.31 |
| USD	MORGAN STANLEY 3.737%/VAR 18-24.04.24 | 10 657 000.00 | 11 316 659.99 | 1.12 |
| USD	NATIONWIDE BUILDING SOCIETY-144A 4.363%/VAR 18-01.08.24 | 2 000 000.00 | 2 154 737.64 | 0.21 |
| USD	SANTANDER UK GRP HOLD PLC 4.796%/3M LIBOR+157BP 18-15.11.24 | 2 000 000.00 | 2 199 003.88 | 0.22 |
| USD	STANDARD CHARTERED PLC-REG-S 3.885%/VAR 18-15.03.24 | 11 190 000.00 | 11 794 129.07 | 1.17 |
| USD	STANDARD CHARTERED PLC-REG-S 2.744%/VAR 19-10.09.22 | 1 280 000.00 | 1 287 862.01 | 0.13 |
| USD	UBS GROUP AG-REG-S 2.859%/VAR 17-15.08.23 | 7 450 000.00 | 7 664 467.03 | 0.76 |
| Total USD |  | 183 992 844.68 | 18.25 |
| Total Notes, variabler Zins |  | 183 992 844.68 | 18.25 |
| Medium-Term Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	ABN AMRO BANK NV-SUB 6.25000% 11-27.04.22 | 1 000 000.00 | 1 049 472.00 | 0.10 |
| USD	ADCB FINANCE CAYMAN LTD-REG-S-SUB 4.50000% 13-06.03.23 | 4 000 000.00 | 4 239 500.00 | 0.42 |
| USD	AUSTRALIA & NEW ZEALAND BANKING GRP/NY 2.30000% 16-01.06.21 | 6 000 000.00 | 6 000 000.00 | 0.59 |
| USD	BANQUE FEDER DU CREDIT MUTUEL-REG-S 2.70000% 17-20.07.22 | 4 400 000.00 | 4 517 280.46 | 0.45 |
| USD	BNP PARIBAS-REG-S 3.80000% 17-10.01.24 | 4 000 000.00 | 4 320 833.00 | 0.43 |
| USD	CATERPILLAR FINANCIAL SERVICES CORP 1.95000% 20-18.11.22 | 3 000 000.00 | 3 076 602.87 | 0.31 |
| USD	CREDIT AGRICOLE SA LONDON-REG-S 3.25000% 17-04.10.24 | 4 000 000.00 | 4 308 745.88 | 0.43 |
| USD	GOLDMAN SACHS GROUP INC STEP-UP 18-31.05.24 | 1 258 000.00 | 1 374 334.81 | 0.14 |
| USD	HYUNDAI CAPITAL AMERICA-REG-S 3.25000% 17-20.09.22 | 4 928 000.00 | 5 093 972.82 | 0.51 |
| USD	MDGH - GMTN BV-REG-S 2.50000% 19-07.11.24 | 10 010 000.00 | 10 497 987.50 | 1.04 |
| USD	MORGAN STANLEY 3.12500% 18-23.01.23 | 9 000 000.00 | 9 415 570.50 | 0.93 |
| USD	NESTLE HOLDINGS INC-REG-S 1.37500% 16-13.07.21 | 1 885 000.00 | 1 886 191.32 | 0.19 |
| USD	NISSAN MOTOR ACCEPTANCE CORP-REG-S 2.60000% 17-28.09.22 | 810 000.00 | 828 727.97 | 0.08 |
| USD	QNB FINANCE LTD-REG-S 3.50000% 19-28.03.24 | 6 750 000.00 | 7 211 109.38 | 0.72 |
| USD	QNB FINANSBANK AS-REG-S 4.87500% 17-19.05.22 | 2 000 000.00 | 2 037 500.00 | 0.20 |
| USD	SOCIETE GENERALE-REG-S 3.25000% 17-12.01.22 | 3 000 000.00 | 3 053 763.96 | 0.30 |
| USD	SWIRE PACIFIC MTN FINANCING LTD-REG-S 4.50000% 12-28.02.22 | 200 000.00 | 205 110.50 | 0.02 |
| USD	SWIRE PACIFIC MTN FINANCING LTD-REG-S 4.50000% 13-09.10.23 | 1 500 000.00 | 1 626 150.00 | 0.16 |
| USD	SWIRE PROPERTIES MTN FINANCING-REG-S 4.37500% 12-18.06.22 | 3 230 000.00 | 3 346 603.00 | 0.33 |
| USD	TC ZIRAAT BANKASI AS-REG-S 5.12500% 17-03.05.22 | 1 500 000.00 | 1 524 187.50 | 0.15 |
| USD	TORONTO-DOMINION BANK 3.25000% 18-11.06.21 | 4 195 000.00 | 4 198 260.73 | 0.42 |
| USD	TORONTO-DOMINION BANK 0.75000% 20-12.06.23 | 4 000 000.00 | 4 036 709.32 | 0.40 |
| USD	UNICREDIT SPA-REG-S 6.57200% 19-14.01.22 | 10 000 000.00 | 10 358 133.20 | 1.03 |
| USD	YAPI VE KREDI BANKASI AS-REG-S 6.10000% 18-16.03.23 | 2 000 000.00 | 2 062 250.00 | 0.20 |
| Total USD |  | 96 268 996.72 | 9.55 |
| Total Medium-Term Notes, fester Zins |  | 96 268 996.72 | 9.55 |

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

Medium-Term Notes, variabler Zins
| USD |  |
| --- | --- |
| USD | DBS GROUP HOLDINGS LTD-REG-S-SUB 3.600%/VAR 16-PRP | 3 800 000.00 | 3 822 663.20 | 0.38 |
| Total USD |  |  | 3 822 663.20 | 0.38 |
| Total Medium-Term Notes, variabler Zins |  | 3 822 663.20 | 0.38 |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	CK HUTCHISON INTERNATIONAL LTD-REG-S 3.25000% 19-11.04.24 | 4 000 000.00 | 4 267 376.88 | 0.42 |
| USD	DEUTSCHE BANK AG/LONDON 3.70000% 14-30.05.24 | 5 000 000.00 | 5 381 520.60 | 0.53 |
| USD	ENERGY TRANSFER LP 4.25000% 19-15.03.23 | 3 000 000.00 | 3 158 549.64 | 0.31 |
| USD	GENERAL MOTORS FINANCIAL CO INC 3.45000% 15-10.04.22 | 1 000 000.00 | 1 021 751.63 | 0.10 |
| USD	HEATHROW FUNDING LTD-REG-S 4.87500% 11-15.07.21 | 3 095 000.00 | 3 109 929.16 | 0.31 |
| USD	LG DISPLAY CO LTD-REG-S 3.87500% 18-15.11.21 | 1 940 000.00 | 1 966 009.39 | 0.20 |
| USD	MICROSOFT CORP 2.00000% 16-08.08.23 | 5 000 000.00 | 5 181 660.45 | 0.51 |
| USD	MITSUBISHI UFJ FINANCIAL GROUP INC 2.66500% 17-25.07.22 | 2 500 000.00 | 2 568 303.75 | 0.26 |
| USD	MIZUHO FINANCIAL GRP CAYMAN 2-REG-S-SUB 4.20000% 12-18.07.22 | 6 000 000.00 | 6 238 379.40 | 0.62 |
| USD	NOVARTIS CAPITAL CORP 3.40000% 14-06.05.24 | 2 000 000.00 | 2 177 241.52 | 0.22 |
| USD	PACIFIC GAS & ELECTRIC CO 1.75000% 20-16.06.22 | 860 000.00 | 860 055.28 | 0.09 |
| USD	PFIZER INC 3.40000% 14-15.05.24 | 1 000 000.00 | 1 091 160.62 | 0.11 |
| USD	SANTANDER HOLDINGS USA INC 3.70000% 18-28.03.22 | 5 500 000.00 | 5 633 772.49 | 0.56 |
| USD	STANDARD CHARTERED PLC REG-S-SUB 5.70000% 12-25.01.22 | 2 950 000.00 | 3 045 875.00 | 0.30 |
| USD	UBS AG-REG-S-SUB 5.12500% 14-15.05.24 | 3 800 000.00 | 4 181 368.00 | 0.41 |
| Total USD |  | 49 882 953.81 | 4.95 |
| Total Anleihen, fester Zins |  | 49 882 953.81 | 4.95 |
| Anleihen, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	BP CAPITAL MARKETS PLC-SUB 4.375%/VAR 20-PRP | 3 800 000.00 | 4 032 750.00 | 0.40 |
| USD	NBK TIER 1 FINANCING 2 LTD-REG-S-SUB 4.500%/VAR 19-PRP | 3 300 000.00 | 3 441 900.00 | 0.34 |
| USD	SKANDINAVISKA ENSKILDA BANKEN-REG-S-SUB 5.125%/VAR 19-PRP | 3 000 000.00 | 3 183 600.00 | 0.32 |
| USD	VODAFONE GROUP PLC-REG-S-SUB 6.250%/VAR 18-03.10.78 | 4 300 000.00 | 4 727 850.00 | 0.47 |
| Total USD |  | 15 386 100.00 | 1.53 |
| Total Anleihen, variabler Zins |  | 15 386 100.00 | 1.53 |
| Wandelanleihen, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	BARCLAYS PLC-SUB COCO 8.000%/VAR 19-PRP | 2 000 000.00 | 2 266 720.00 | 0.22 |
| USD	DANSKE BANK AS-REG-S-SUB 7.000%/VAR 18-PRP | 2 000 000.00 | 2 237 540.00 | 0.22 |
| Total USD |  | 4 504 260.00 | 0.44 |
| Total Wandelanleihen, variabler Zins | 4 504 260.00 | 0.44 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 830 280 279.90 | 82.35 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Asset Backed Securities, fester Zins |  |  |
| USD |  |  |
| USD	AMERICREDIT AUTOMOBILE RECEIVABLE TRUST 4.04000% 18-18.11.24	1 100 000.00 | 1 166 976.36 | 0.11 |
| USD	CAPITAL AUTO RECEIVABLES ASSET TRU-144A 3.69000% 18-20.12.23	2 500 000.00 | 1 903 837.02 | 0.19 |
| USD	COLT MERGER SUB INC-144A 3.60000% 18-25.02.48	4 338 000.00 | 3 208 878.44 | 0.32 |
| USD	CPS AUTO RECEIVABLES TRUST -144A 3.79000% 17-15.06.23	1 187 000.00 | 527 699.19 | 0.05 |
| USD	DRIVE AUTO RECEIVABLES TRUST 3.49000% 17-15.09.23	1 000 000.00 | 214 840.62 | 0.02 |
| USD	DRIVE AUTO RECEIVABLES TRUST 4.09000% 18-15.01.26	5 000 000.00 | 5 141 280.50 | 0.51 |
| USD	DT AUTO OWNER TRUST-144A 6.03000% 17-15.01.24	2 500 000.00 | 1 828 276.57 | 0.18 |
| USD	EXETER AUTOMOBILE RECEIVABLE TRUST-144A 3.53000% 18-15.11.23	520 000.00 | 472 874.00 | 0.05 |
| USD	EXETER AUTOMOBILE RECEIVABLES-144A 4.35000% 18-16.09.24	865 000.00 | 895 059.01 | 0.09 |
| USD	SOFI CONSUMER LOAN PROGRAM LLC-144A 3.69000% 17-25.09.26	1 950 000.00 | 1 983 415.40 | 0.20 |
| USD	SOFI PROFESSIONAL LOAN PROG-144A 2.65000% 17-25.09.40	3 600 000.00 | 1 569 833.10 | 0.15 |
| USD	WORLD OMNI SELECT AUTO-144A-SUB 3.86000% 18-15.01.25	250 000.00 | 252 226.20 | 0.03 |
| Total USD | 19 165 196.41 | 1.90 |
| Total Asset Backed Securities, fester Zins | 19 165 196.41 | 1.90 |
| Mortgage Backed Securities, fester Zins |  |  |
| USD |  |  |
| USD	COMM 2015-CCRE22 MORTGAGE TRUST 3.92600% 15-01.03.48	1 000 000.00 | 1 084 175.30 | 0.11 |
| USD	JP MORGAN CHASE MORTGAGE SEC-144A 3.73450% 18-01.01.31	2 605 000.00 | 2 709 765.28 | 0.27 |
| Total USD | 3 793 940.58 | 0.38 |
| Total Mortgage Backed Securities, fester Zins | 3 793 940.58 | 0.38 |
| Mortgage Backed Securities, variabler Zins |  |  |
| USD |  |  |
| USD	COMMERCIAL MORTGAGE PASS-THR-144A 3.812163%/VAR 13-01.06.46	2 500 000.00 | 2 637 963.00 | 0.26 |
| USD	MSCG TRUST 2018-SELF-144A-SUB 1M LIBOR+90BP 18-15.10.37	1 000 000.00 | 1 000 931.30 | 0.10 |
| Total USD | 3 638 894.30 | 0.36 |
| Total Mortgage Backed Securities, variabler Zins | 3 638 894.30 | 0.36 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (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, fester Zins
| USD |  |
| --- | --- |
| USD | AETNA INC 2.75000% 12-15.11.22 | 1 996 000.00 | 2 053 637.51 | 0.20 |
| USD | AKER BP ASA-144A 4.75000% 19-15.06.24 | 3 000 000.00 | 3 073 373.07 | 0.31 |
| USD | AKER BP ASA-REG-S 4.75000% 19-15.06.24 | 2 800 000.00 | 2 868 481.54 | 0.28 |
| USD | AUSTRALIA & NEW ZEALAND BNK-REG-S-SUB 4.50000% 14-19.03.24 | 6 000 000.00 | 6 600 377.16 | 0.66 |
| USD | BANK OF NEW ZEALAND-144A 3.50000% 19-20.02.24 | 4 885 000.00 | 5 264 141.11 | 0.52 |
| USD | BAYER US FINANCE II LLC-144A 2.75000% 18-15.07.21 | 1 000 000.00 | 1 002 569.43 | 0.10 |
| USD | BAYER US FINANCE LLC-144A 3.37500% 14-08.10.24 | 2 000 000.00 | 2 163 747.10 | 0.21 |
| USD | CANTOR FITZGERALD LP-144A 4.87500% 19-01.05.24 | 250 000.00 | 275 529.41 | 0.03 |
| USD | DAIMLER FINANCE NORTH AMERICA LLC-144A 1.75000% 20-10.03.23 | 4 000 000.00 | 4 091 447.84 | 0.41 |
| USD | DELTA AIR LINES INC / SKYMILES-REG-S 4.50000% 20-20.10.25 | 3 000 000.00 | 3 239 251.77 | 0.32 |
| USD | EMC CORP 3.37500% 13-01.06.23 | 863 000.00 | 890 011.90 | 0.09 |
| USD | ENEL FINANCE INTERNATIONAL SA-144A 2.65000% 19-10.09.24 | 700 000.00 | 736 780.38 | 0.07 |
| USD | GLENCORE FUNDING LLC-144A 4.12500% 13-30.05.23 | 2 675 000.00 | 2 849 462.27 | 0.28 |
| USD | LIBERTY MUTUAL GROUP INC-144A 4.25000% 13-15.06.23 | 1 850 000.00 | 1 985 891.23 | 0.20 |
| USD | MPLX LP 3.50000% 20-01.12.22 | 2 895 000.00 | 3 013 883.38 | 0.30 |
| USD | NATIONAL AUSTRALIA BANK LTD/NY 3.70000% 18-04.11.21 | 3 797 000.00 | 3 849 816.27 | 0.38 |
| USD | OCCIDENTAL PETROLEUM CORP 2.60000% 16-15.04.22 | 2 000 000.00 | 2 000 000.00 | 0.20 |
| USD | ORIGIN ENERGY FINANCE LTD-REG-S 5.45000% 11-14.10.21 | 6 157 000.00 | 6 265 455.56 | 0.62 |
| USD | PG&E CORP 4.25000% 18-01.08.23 | 5 000 000.00 | 5 302 807.25 | 0.53 |
| USD | VOLKSWAGEN GRP OF AMERICA FINANCE-144A 4.00000% 18-12.11.21 | 3 348 000.00 | 3 403 922.15 | 0.34 |
| USD | VOLKSWAGEN GRP OF AMERICA FINANCE-144A 4.25000% 18-13.11.23 | 3 000 000.00 | 3 259 028.10 | 0.32 |
| Total USD |  |  | 64 189 614.43 | 6.37 |
| Total Notes, fester Zins |  | 64 189 614.43 | 6.37 |
| Notes, Nullcoupon |  |  |  |
| USD |  |  |  |
| USD	AT&T INC-144A 0.00000% 07-27.11.22 | 5 000 000.00 | 4 960 939.50 | 0.49 |
| Total USD |  | 4 960 939.50 | 0.49 |
| Total Notes, Nullcoupon |  | 4 960 939.50 | 0.49 |
| Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	DANSKE BANK AS-REG-S 1.171%/VAR 20-08.12.23 | 6 131 000.00 | 6 162 915.29 | 0.61 |
| USD	MACQUARIE GROUP LTD-144A 3.189%/VAR 17-28.11.23 | 6 800 000.00 | 7 065 540.00 | 0.70 |
| Total USD |  | 13 228 455.29 | 1.31 |
| Total Notes, variabler Zins |  | 13 228 455.29 | 1.31 |
| Medium-Term Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	CREDIT AGRICOLE SA LONDON-144A 3.25000% 17-04.10.24 | 2 700 000.00 | 2 908 403.47 | 0.29 |
| USD	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 3.37500% 19-11.01.22 | 684 000.00 | 697 380.11 | 0.07 |
| USD	NISSAN MOTOR ACCEPTANCE CORP-144A 2.65000% 17-13.07.22 | 1 000 000.00 | 1 018 574.93 | 0.10 |
| Total USD |  | 4 624 358.51 | 0.46 |
| Total Medium-Term Notes, fester Zins |  | 4 624 358.51 | 0.46 |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	AMERICA MOVIL SAB DE CV 3.12500% 12-16.07.22 | 6 000 000.00 | 6 169 875.00 | 0.61 |
| Total USD |  | 6 169 875.00 | 0.61 |
| Total Anleihen, fester Zins |  | 6 169 875.00 | 0.61 |
| Anleihen, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	SCENTRE GROUP TRUST 2-REG-S-SUB 4.750%/VAR 20-24.09.80 | 3 700 000.00 | 3 926 625.00 | 0.39 |
| Total USD |  | 3 926 625.00 | 0.39 |
| Total Anleihen, variabler Zins |  | 3 926 625.00 | 0.39 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  | 123 697 899.02 | 12.27 |

Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Notes, fester Zins
| USD |  |
| --- | --- |
| USD | ABBVIE INC 3.45000% 20-15.03.22 | 8 500 000.00 | 8 668 522.02 | 0.86 |
| USD | NEW YORK LIFE GLOBAL FUNDING-REG-S 1.10000% 20-05.05.23 | 1 210 000.00 | 1 228 611.18 | 0.12 |
| USD | SWEDBANK AB-REG-S 1.30000% 20-02.06.23 | 1 370 000.00 | 1 392 147.42 | 0.14 |
| USD | TRITON CONTAINER INTERNATIONAL-REG-S 1.15000% 21-07.06.24 | 585 000.00 | 585 204.75 | 0.06 |
| Total USD |  |  | 11 874 485.37 | 1.18 |
| Total Notes, fester Zins | 11 874 485.37 | 1.18 |
| Total Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden | 11 874 485.37 | 1.18 |

UBS (Lux) Bond SICAV – Short Term USD Corporates (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) |  |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
Irland
| USD | UBS (IRL) SELECT MONEY MARKET FUND-USD-S-DIST | 2 618.57 | 26 185 740.00 | 2.60 |
| --- | --- | --- | --- | --- |
| Total Irland |  | 26 185 740.00 | 2.60 |
| Luxemburg |  |  |  |
| USD	UBS (LUX) BOND SICAV-SHORT DURATION H Y SUST (USD) I-X-ACC | 48 400.00 | 6 318 136.00 | 0.63 |
| Total Luxemburg |  | 6 318 136.00 | 0.63 |
| Schweiz |  |  |  |
| CHF	UBS (CH) BOND FUND - ENHANCED YIELD SHORT TERM (CHF) U-X | 501.02 | 5 574 232.67 | 0.55 |
| Total Schweiz | 5 574 232.67 | 0.55 |
| Total Investment Fonds, open end | 38 078 108.67 | 3.78 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 | 38 078 108.67 | 3.78 |
| Total des Wertpapierbestandes | 1 003 930 772.96 | 99.58 |

| Derivative Instrumente |  |
| --- | --- |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |
| Finanzterminkontrakte auf Anleihen |
|  |  |  |  |
| USD	US 2YR TREASURY NOTE FUTURE 30.09.21 | 800.00 | 62 500.00 | 0.01 |
| USD	US 5YR TREASURY NOTE FUTURE 30.09.21 | -475.00 | -81 640.63 | -0.01 |
| Total Finanzterminkontrakte auf Anleihen |  | -19 140.63 | 0.00 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | -19 140.63 | 0.00 |
| Total Derivative Instrumente |  | -19 140.63 | 0.00 |
| Devisenterminkontrakte |  |  |  |
| Gekaufte Währung/ Gekaufter Betrag/Verkaufte Währung/Verkaufter Betrag/Fälligkeitsdatum |  |  |  |

| USD | 5 579 827.81 | CHF | 5 000 000.00 | 28.7.2021 | 12 351.07 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| CHF | 257 498 700.00 | USD | 281 487 455.00 | 2.6.2021 | 4 828 995.77 | 0.48 |
| EUR | 164 827 700.00 | USD | 199 189 248.21 | 2.6.2021 | 2 337 339.20 | 0.23 |
| CHF | 754 200.00 | USD | 826 085.55 | 2.6.2021 | 12 520.11 | 0.00 |
| CHF | 8 043 800.00 | USD | 8 936 069.19 | 2.6.2021 | 7 945.93 | 0.00 |
| USD | 4 692 652.25 | CHF | 4 205 600.00 | 2.6.2021 | 16 386.06 | 0.00 |
| CHF | 504 400.00 | USD | 561 531.69 | 2.6.2021 | -682.19 | 0.00 |
| CHF | 262 595 500.00 | USD | 291 208 577.34 | 1.7.2021 | 991 631.06 | 0.10 |
| EUR | 164 827 700.00 | USD | 200 262 029.29 | 1.7.2021 | 1 377 642.50 | 0.14 |
| USD | 14 368 968.83 | CHF | 12 923 600.00 | 1.7.2021 | -11 622.66 | 0.00 |
| Total Devisenterminkontrakte | 9 572 506.85 | 0.95 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 14 615 655.53 | 1.45 |
| Andere Aktiva und Passiva | -19 893 099.34 | -1.98 |
| Total des Nettovermögens | 1 008 206 695.37 | 100.00 |

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