# UBS (Lux) Bond SICAV – Asian High Yield (USD)
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 31.5.2021 | 31.5.2020 | 31.5.2019 |
| Net assets in USD |  | 3 667 784 382.44 | 1 293 042 503.64 | 247 306 013.74 |
| Class F-acc | LU0949706286 |  |  |  |
| Shares outstanding |  | 430 819.4620 | 334 219.4960 | 73 426.0000 |
| Net asset value per share in USD |  | 179.53 | 160.00 | 160.00 |
| Issue and redemption price per share in USD 1 |  | 179.53 | 158.11 | 160.00 |
| Class F-dist 2 | LU2073878949 |  |  |  |
| Shares outstanding |  | 322 200.0000 | 298 000.0000 | - |
| Net asset value per share in USD |  | 105.53 | 96.92 | - |
| Issue and redemption price per share in USD 1 |  | 105.53 | 95.78 | - |
| Class I-A1-acc | LU0871581103 |  |  |  |
| Shares outstanding |  | 926 763.1530 | 1 639 873.6450 | 2 359.6900 |
| Net asset value per share in USD |  | 120.91 | 107.93 | 108.12 |
| Issue and redemption price per share in USD 1 |  | 120.91 | 106.66 | 108.12 |
| Class (SEK hedged) I-A1-acc 3 | LU2191342232 |  |  |  |
| Shares outstanding |  | 144 477.2350 | - | - |
| Net asset value per share in SEK |  | 758.72 | - | - |
| Issue and redemption price per share in SEK 1 |  | 758.72 | - | - |
| Class I-A3-acc 4 | LU2177575094 |  |  |  |
| Shares outstanding |  | 3 413 187.3720 | - | - |
| Net asset value per share in USD |  | 108.85 | - | - |
| Issue and redemption price per share in USD 1 |  | 108.85 | - | - |
| Class (EUR hedged) I-A3-acc 5 | LU2300342909 |  |  |  |
| Shares outstanding |  | 523 487.6060 | - | - |
| Net asset value per share in EUR |  | 100.86 | - | - |
| Issue and redemption price per share in EUR 1 |  | 100.86 | - | - |
| Class (GBP hedged) I-A3-acc 6 | LU2177569360 |  |  |  |
| Shares outstanding |  | 458 806.9630 | - | - |
| Net asset value per share in GBP |  | 108.85 | - | - |
| Issue and redemption price per share in GBP 1 |  | 108.85 | - | - |
| Class (GBP hedged) I-A3-dist 6 | LU2181694816 |  |  |  |
| Shares outstanding |  | 700 365.2590 | - | - |
| Net asset value per share in GBP |  | 108.84 | - | - |
| Issue and redemption price per share in GBP 1 |  | 108.84 | - | - |
| Class I-B-acc | LU1739859327 |  |  |  |
| Shares outstanding |  | 863 518.5250 | 422 930.1780 | 85 789.3520 |
| Net asset value per share in USD |  | 124.86 | 110.82 | 110.38 |
| Issue and redemption price per share in USD 1 |  | 124.86 | 109.51 | 110.38 |
| Class (CHF hedged) I-B-acc 7 | LU2240824107 |  |  |  |
| Shares outstanding Net asset value per share in CHF Issue and redemption price per share in CHF 1 |  | - - - | - - - | - - - |
| Class (EUR hedged) I-B-acc 8 | LU2198571015 |  |  |  |
| Shares outstanding |  | 203 951.0790 | - | - |
| Net asset value per share in EUR |  | 108.05 | - | - |
| Issue and redemption price per share in EUR 1 |  | 108.05 | - | - |
| Class (EUR hedged) I-B-dist 9 | LU2197080505 |  |  |  |
| Shares outstanding |  | 827 247.3310 | - | - |
| Net asset value per share in EUR |  | 108.51 | - | - |
| Issue and redemption price per share in EUR 1 |  | 108.51 | - | - |
| Class (CHF hedged) I-X-acc 10 | LU2023725380 |  |  |  |
| Shares outstanding |  | 100 000.0000 | - | - |
| Net asset value per share in CHF |  | 102.20 | - | - |
| Issue and redemption price per share in CHF 1 |  | 102.20 | - | - |
| Class I-X-dist | LU0883523861 |  |  |  |
| Shares outstanding |  | 2 262 602.4960 | 1 378 211.2250 | 275 770.6660 |
| Net asset value per share in USD |  | 103.84 | 97.75 | 103.28 |
| Issue and redemption price per share in USD 1 |  | 103.84 | 96.60 | 103.28 |
| Class K-1-acc | LU0725271869 |  |  |  |
| Shares outstanding |  | 2.0000 | 2.4000 | 0.3000 |
| Net asset value per share in USD |  | 8 743 299.01 | 7 824 748.28 | 7 858 814.83 |
| Issue and redemption price per share in USD 1 |  | 8 743 299.01 | 7 732 416.25 | 7 858 814.83 |

UBS (Lux) Bond SICAV – Asian High Yield (USD)
Annual report and audited financial statements as of 31 May 2021
|  | ISIN | 31.5.2021 | 31.5.2020 | 31.5.2019 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class K-1-mdist 11 | LU2179105015 |  |  |  |
| Shares outstanding |  | 8.2000 | - | - |
| Net asset value per share in USD |  | 5 101 609.72 | - | - |
| Issue and redemption price per share in USD 1 |  | 5 101 609.72 | - | - |
| Class K-B-mdist 12 | LU2204822782 |  |  |  |
| Shares outstanding |  | 145 359.9800 | - | - |
| Net asset value per share in USD |  | 102.30 | - | - |
| Issue and redemption price per share in USD 1 |  | 102.30 | - | - |
| Class (EUR hedged) K-B-mdist 13 | LU2204822949 |  |  |  |
| Shares outstanding |  | 67 651.6710 | - | - |
| Net asset value per share in EUR |  | 101.52 | - | - |
| Issue and redemption price per share in EUR 1 |  | 101.52 | - | - |
| Class K-X-acc | LU1957417949 |  |  |  |
| Shares outstanding |  | 187 021.1600 | 188 260.5750 | 99 495.3510 |
| Net asset value per share in USD |  | 114.19 | 101.28 | 100.80 |
| Issue and redemption price per share in USD 1 |  | 114.19 | 100.08 | 100.80 |
| Class (EUR hedged) K-X-mdist 14 | LU1957417865 |  |  |  |
| Shares outstanding |  | - | 47 055.6450 | 23 500.0000 |
| Net asset value per share in EUR |  | - | 91.41 | 99.70 |
| Issue and redemption price per share in EUR 1 |  | - | 90.33 | 99.70 |
| Class P-acc | LU0626906662 |  |  |  |
| Shares outstanding |  | 1 927 686.9000 | 1 028 251.1590 | 148 003.3460 |
| Net asset value per share in USD |  | 166.88 | 150.12 | 151.51 |
| Issue and redemption price per share in USD 1 |  | 166.88 | 148.35 | 151.51 |
| Class (CHF hedged) P-acc | LU0626907470 |  |  |  |
| Shares outstanding |  | 92 566.6790 | 55 632.6460 | 40 833.4360 |
| Net asset value per share in CHF |  | 142.86 | 130.06 | 135.40 |
| Issue and redemption price per share in CHF 1 |  | 142.86 | 128.53 | 135.40 |
| Class (EUR hedged) P-acc | LU0626907397 |  |  |  |
| Shares outstanding |  | 455 140.8590 | 183 106.2150 | 95 846.6690 |
| Net asset value per share in EUR |  | 148.19 | 134.66 | 139.50 |
| Issue and redemption price per share in EUR 1 |  | 148.19 | 133.07 | 139.50 |
| Class P-dist | LU0725271786 |  |  |  |
| Shares outstanding |  | 255 626.3050 | 142 238.6460 | 66 041.4660 |
| Net asset value per share in USD |  | 110.63 | 103.56 | 109.48 |
| Issue and redemption price per share in USD 1 |  | 110.63 | 102.34 | 109.48 |
| Class P-mdist | LU0626906746 |  |  |  |
| Shares outstanding |  | 5 815 571.5640 | 2 298 110.2570 | 154 898.1270 |
| Net asset value per share in USD |  | 90.95 | 87.46 | 94.13 |
| Issue and redemption price per share in USD 1 |  | 90.95 | 86.43 | 94.13 |
| Class (AUD hedged) P-mdist 15 | LU2199720918 |  |  |  |
| Shares outstanding |  | 74 094.3020 | - | - |
| Net asset value per share in AUD |  | 100.43 | - | - |
| Issue and redemption price per share in AUD 1 |  | 100.43 | - | - |
| Class (HKD) P-mdist 16 | LU2184895089 |  |  |  |
| Shares outstanding |  | 174 800.4430 | - | - |
| Net asset value per share in HKD |  | 1 000.40 | - | - |
| Issue and redemption price per share in HKD 1 |  | 1 000.40 | - | - |
| Class (SGD hedged) P-mdist 17 | LU0626907124 |  |  |  |
| Shares outstanding |  | 1 218 964.5470 | 419 262.3710 | - |
| Net asset value per share in SGD |  | 98.30 | 94.42 | - |
| Issue and redemption price per share in SGD 1 |  | 98.30 | 93.31 | - |
| Class (ZAR hedged) P-mdist 18 | LU2185891624 |  |  |  |
| Shares outstanding |  | 16 399.5190 | - | - |
| Net asset value per share in ZAR |  | 992.21 | - | - |
| Issue and redemption price per share in ZAR 1 |  | 992.21 | - | - |
| Class Q-acc | LU1240770955 |  |  |  |
| Shares outstanding |  | 2 076 936.8840 | 622 481.3330 | 399 449.0500 |
| Net asset value per share in USD |  | 141.42 | 126.45 | 126.85 |
| Issue and redemption price per share in USD 1 |  | 141.42 | 124.96 | 126.85 |
| Class (CHF hedged) Q-acc | LU1240770799 |  |  |  |
| Shares outstanding |  | 220 827.0110 | 210 050.9440 | 185 396.4680 |
| Net asset value per share in CHF |  | 126.70 | 114.65 | 118.67 |
| Issue and redemption price per share in CHF 1 |  | 126.70 | 113.30 | 118.67 |
| Class (EUR hedged) Q-acc | LU1240770872 |  |  |  |
| Shares outstanding |  | 1 405 132.3410 | 294 268.2270 | 98 299.5150 |
| Net asset value per share in EUR |  | 129.87 | 117.30 | 120.82 |
| Issue and redemption price per share in EUR 1 |  | 129.87 | 115.92 | 120.82 |
| Class (GBP hedged) Q-acc 6 | LU2183825921 |  |  |  |
| Shares outstanding |  | 65 929.7460 | - | - |
| Net asset value per share in GBP |  | 108.47 | - | - |
| Issue and redemption price per share in GBP 1 |  | 108.47 | - | - |
| Class Q-dist | LU1240771094 |  |  |  |
| Shares outstanding |  | 469 726.9740 | 192 054.3410 | 46 753.3500 |
| Net asset value per share in USD |  | 114.34 | 106.17 | 112.22 |
| Issue and redemption price per share in USD 1 |  | 114.34 | 104.92 | 112.22 |

UBS (Lux) Bond SICAV – Asian High Yield (USD) Annual report and audited financial statements as of 31 May 2021
|  | ISIN | 31.5.2021 | 31.5.2020 | 31.5.2019 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Class (EUR hedged) Q-dist 19 | LU2325209497 |  |  |  |
| Shares outstanding |  | 242 331.0000 | - | - |
| Net asset value per share in EUR |  | 101.62 | - | - |
| Issue and redemption price per share in EUR 1 |  | 101.62 | - | - |
| Class (GBP hedged) Q-dist 20 | LU2270292001 |  |  |  |
| Shares outstanding |  | 597.1200 | - | - |
| Net asset value per share in GBP |  | 102.48 | - | - |
| Issue and redemption price per share in GBP 1 |  | 102.48 | - | - |
| Class Q-mdist | LU1240771177 |  |  |  |
| Shares outstanding |  | 2 653 298.7250 | 1 654 829.7440 | 21 772.1490 |
| Net asset value per share in USD |  | 100.71 | 96.24 | 102.99 |
| Issue and redemption price per share in USD 1 |  | 100.71 | 95.10 | 102.99 |
| Class (SGD hedged) Q-mdist 21 | LU2181965513 |  |  |  |
| Shares outstanding |  | 263 706.2490 | - | - |
| Net asset value per share in SGD |  | 102.24 | - | - |
| Issue and redemption price per share in SGD 1 |  | 102.24 | - | - |
| Class U-X-acc | LU0626906829 |  |  |  |
| Shares outstanding |  | 15 279.0000 | 4 824.0000 | 2 172.0000 |
| Net asset value per share in USD |  | 12 766.21 | 11 317.92 | 11 259.59 |
| Issue and redemption price per share in USD 1 |  | 12 766.21 | 11 184.37 | 11 259.59 |
| 1  See note 1 2  First NAV: 14.11.2019 3  First NAV: 6.7.2020 4  First NAV: 10.6.2020 5  First NAV: 2.3.2021 6  First NAV: 24.6.2020 7  For the period from 13.10.2020 to 30.4.2021 the share class (CHF hedged) I-B-acc was in circulation 8  First NAV: 16.7.2020 9  First NAV: 30.6.2020 10  First NAV: 21.1.2021 11  First NAV: 12.6.2020 12  First NAV: 31.7.2020 13  First NAV: 7.8.2020 14  The share class (EUR hedged) K-X-mdist was in circulation until 12.8.2020 15  First NAV: 5.8.2020 16  First NAV: 17.8.2020 17  First NAV: 2.9.2019 18  First NAV: 22.9.2020 19  First NAV: 14.4.2021 20  First NAV: 17.12.2020 21  First NAV: 9.6.2020 |  |  |  |  |
| Performance |  |  |  |  |
|  | Currency | 2020/2021 | 2019/2020 | 2018/2019 |
| Class F-acc | USD | 13.5% | -1.2% | 10.8% |
| Class F-dist | USD | 13.5% | - | - |
| Class I-A1-acc | USD | 12.0% | -0.2% | 10.6% |
| Class (SEK hedged) I-A1-acc 1 | SEK | - | - | - |
| Class I-A3-acc 1 | USD | - | - | - |
| Class (EUR hedged) I-A3-acc 1 | EUR | - | - | - |
| Class (GBP hedged) I-A3-acc 1 | GBP | - | - | - |
| Class (GBP hedged) I-A3-dist 1 | GBP | - | - | - |
| Class I-B-acc | USD | 12.7% | 0.4% | 11.3% |
| Class (CHF hedged) I-B-acc 2 | CHF | - | - | - |
| Class (EUR hedged) I-B-acc 1 | EUR | - | - | - |
| Class (EUR hedged) I-B-dist 1 | EUR | - | - | - |
| Class (CHF hedged) I-X-acc 1 | CHF | - | - | - |
| Class I-X-dist | USD | 12.8% | 0.5% | 11.4% |
| Class K-1-acc | USD | 13.1% | -1.6% | 10.4% |
| Class K-1-mdist 1 | USD | - | - | - |
| Class K-B-mdist 1 | USD | - | - | - |
| Class (EUR hedged) K-B-mdist 1 | EUR | - | - | - |
| Class K-X-acc | USD | 14.1% | -0.7% | - |
| Class (EUR hedged) K-X-mdist 3 | EUR | - | -3.3% | - |
| Class P-acc | USD | 12.5% | -2.1% | 9.8% |
| Class (CHF hedged) P-acc | CHF | 11.1% | -5.1% | 6.3% |
| Class (EUR hedged) P-acc | EUR | 11.4% | -4.6% | 6.7% |
| Class P-dist | USD | 12.5% | -2.1% | 9.8% |
| Class P-mdist | USD | 12.5% | -2.1% | 9.8% |
| Class (AUD hedged) P-mdist 1 | AUD | - | - | - |
| Class (HKD) P-mdist 1 | HKD | - | - | - |
| Class (SGD hedged) P-mdist | SGD | 12.3% | - | - |
| Class (ZAR hedged) P-mdist 1 | ZAR | - | - | - |
| Class Q-acc | USD | 13.2% | -1.5% | 10.5% |
| Class (CHF hedged) Q-acc | CHF | 11.8% | -4.5% | 6.9% |
| Class (EUR hedged) Q-acc | EUR | 12.0% | -4.1% | 7.4% |
| Class (GBP hedged) Q-acc 1 | GBP | - | - | - |
| Class Q-dist | USD | 13.2% | -1.5% | 10.5% |
| Class (EUR hedged) Q-dist 1 | EUR | - | - | - |
| Class (GBP hedged) Q-dist 1 | GBP | - | - | - |
| Class Q-mdist | USD | 13.2% | -1.5% | - |
| Class (SGD hedged) Q-mdist 1 | SGD | - | - | - |
| Class U-X-acc | USD | 12.8% | 0.5% | - |

UBS (Lux) Bond SICAV – Asian High Yield (USD)
Annual report and audited financial statements as of 31 May 2021
|  | Currency | 2020/2021 | 2019/2020 | 2018/2019 |
| --- | --- | --- | --- | --- |
| Benchmark: JP Morgan Asian Credit Non-Investment Grade Index | USD | 13.7% | -1.4% | 8.1% |
| JP Morgan Asian Credit Non-Investment Grade Index (hedged SEK) | SEK | - | - | - |
| JP Morgan Asian Credit Non-Investment Grade Index (hedged EUR) | EUR | 12.4% | -3.9% | 4.9% |
| JP Morgan Asian Credit Non-Investment Grade Index (hedged GBP) | GBP | - | - | - |
| JP Morgan Asian Credit Non-Investment Grade Index (hedged CHF) | CHF | 12.1% | -4.2% | 4.4% |
| JP Morgan Asian Credit Non-Investment Grade Index (hedged AUD) | AUD | - | - | - |
| JP Morgan Asian Credit Non-Investment Grade Index | HKD | - | - | - |
| JP Morgan Asian Credit Non-Investment Grade Index (hedged SGD) | SGD | 13.5% | - | - |
| JP Morgan Asian Credit Non-Investment Grade Index (hedged ZAR) | ZAR | - | - | - |
| 1  Due to the recent launch, there is no data for the calculation of the performance available. |  |  |  |  |

2 
For the period from 13.10.2020 to 30.4.2021 the share class (CHF hedged) I-B-acc was in circulation. Due to this fact, there is no data for the calculation of the performance available in 2021.
3 
The share class (EUR hedged) K-X-mdist was in circulation until 12.8.2020. Due to this fact, there is no data for the calculation of the performance available in 2021.
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 – Asian High Yield (USD) Annual report and audited financial statements as of 31 May 2021

## Report of the Portfolio Manager
In the reporting year from 1 June 2020 to 31 May 2021, the total return of the Asian USD high yield bond market was positive as spreads tightened significantly through widespread central bank interventions and fiscal stimuli after the market dislocations in the first quarter of 2020, on the back of the unprecedented COVID-19 situation. In the third quarter of 2020, performance in Asian credit markets was positive, driven by the recovery theme on the back of optimistic market sentiment and extensive fiscal interventions across the globe. China, in particular, remained ahead of the curve in terms of economic recov- ery post the severe market dislocations earlier in 2020. Continued political tensions between China and the US remained a cause for elevated volatility in markets. Sov- ereign yields in China were under pressure throughout the third quarter as the People’s Bank of China (PBoC) did not provide the dovish guidance that markets were seeking. Asia high yield markets finished strong in the fourth quarter, on the back of positive vaccine news, a continued strong economic recovery in China and a fiscal stimulus bill in the US amounting to $2.3trn. For the first quarter of 2021, non-investment grade Asia credit performance was positive despite rising US Trea- sury yields and a volatile market environment in China credit markets, driven by uncertainty in the China quasi- sovereign space as well as news flow on China property developers in conjunction with new regulatory policies.
Fund performance over the reporting period was
+12.74%. Main performance contributors were our allocation in Chinese property developers and the under- weight in quasi-sovereigns. The cautious positioning in China local government financing vehicles (LGFVs) and quasi-sovereigns contributed positively to performance as the sector saw spreads widening after defaults in the onshore local state-owned enterprises (SOEs) space. Key detractors were FX positioning and the underweight in credit beta throughout the second and third quarter of 2020. In particular, the underweight in HY sovereigns detracted as issuers such as Sri Lanka rallied strongly after the sharp drop in March 2020. In terms of duration man- agement, we were positioned long in CNY duration in Q2 and Q3 in 2020, which detracted from performance as sovereign yields in China sold off. On USD duration, we positioned short relative to the benchmark in anticipa- tion of higher US Treasury yields amid the strong pick-up in economic activity and fiscal stimulus. This contributed to performance over the period. From a fundamen- tal perspective, Asia high yield corporate credit metrics recovered over the course of 2020 after the economic dislocations in the first quarter. Investor demand for yield and income remains, providing a supportive technical backdrop for Asian high yield bonds.

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| China | 22.83 |
| --- | --- |
| Cayman Islands | 15.74 |
| India | 11.23 |
| British Virgin Islands | 10.33 |
| Hong Kong | 10.02 |
| Philippines | 4.00 |
| Singapore | 3.75 |
| United Kingdom | 2.76 |
| Thailand | 2.21 |
| Sri Lanka | 2.18 |
| The Netherlands | 1.60 |
| Indonesia | 1.58 |
| Macau | 1.55 |
| United States | 1.34 |
| Japan | 1.25 |
| Mauritius | 1.23 |
| United Arab Emirates | 0.80 |
| Pakistan | 0.52 |
| Vietnam | 0.52 |
| Mongolia | 0.06 |
| Chile | 0.04 |
| South Korea | 0.03 |
| Australia | 0.03 |
| Total | 95.60 |

Economic Breakdown as a % of net assets	
| Real Estate | 30.19 |
| --- | --- |
| Finance & holding companies | 18.56 |
| Banks & credit institutions | 10.44 |
| Building industry & materials | 8.03 |
| Energy & water supply | 6.84 |
| Lodging, catering & leisure | 2.94 |
| Mining, coal & steel | 2.92 |
| Miscellaneous services | 2.89 |
| Countries & central governments | 2.68 |
| Traffic & transportation | 1.81 |
| Retail trade, department stores | 1.41 |
| Telecommunications | 1.39 |
| Petroleum | 1.28 |
| Mechanical engineering & industrial equipment | 1.10 |
| Miscellaneous unclassified companies | 0.93 |
| Mortgage & funding institutions | 0.90 |
| Internet, software & IT services | 0.79 |
| Biotechnology | 0.26 |
| Electronics & semiconductors | 0.06 |
| Non-ferrous metals | 0.04 |
| Pharmaceuticals, cosmetics & medical products | 0.03 |
| Aerospace industry | 0.03 |
| Rubber & tyres | 0.03 |
| Healthcare & social services | 0.03 |
| Miscellaneous trading companies | 0.01 |
| Electrical devices & components | 0.01 |
| Total | 95.60 |

UBS (Lux) Bond SICAV – Asian High Yield (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	3 493 227 085.64
Investments in securities, unrealized appreciation (depreciation)		13 268 107.28	 Total investments in securities (Note 1)			3 506 495 192.92
Cash at banks, deposits on demand and deposit accounts	110 673 998.15*
Other liquid assets (Margins)	203 120.00
Receivable on securities sales (Note 1)	21 231 805.83
Receivable on subscriptions	15 074 755.66
Interest receivable on securities	56 213 867.53
Total Assets	3 713 150 931.93
Liabilities
Other receivables	3 258 191.84
Unrealized loss on financial futures (Note 1)	-203 125.00
Unrealized loss on forward foreign exchange contracts (Note 1)	-2 384 531.00
Bank overdraft	-221 122.34
Interest payable on bank overdraft	-287.42
Payable on securities purchases (Note 1)	-12 250 000.00
Payable on redemptions	-26 344 992.75
Provisions for flat fee (Note 2)	-3 532 731.75
Provisions for taxe d’abonnement (Note 3)	-204 237.36
Provisions for other commissions and fees (Note 2)		-225 521.87		 Total provisions			-3 962 490.98
Total Liabilities	-45 366 549.49
Net assets at the end of the financial year	3 667 784 382.44

## Statement of Operations
Income	1.6.2020-31.5.2021
USD
Interest on liquid assets	21 320.35
Interest on securities	156 279 238.24
Income on securities lending (Note 16)	963 698.73
Total income	164 292 200.44
Expenses
Other income (Note 4)	7 027 943.12
Flat fee (Note 2)	-21 375 725.66
Taxe d’abonnement (Note 3)	-1 024 920.85
Cost on securities lending (Note 16)	-385 479.49
Other commissions and fees (Note 2)	-220 414.15
Net income (loss) on investments	141 230 323.64
Total expenses	-23 061 876.80
Interest on cash and bank overdraft	-55 336.65
Realized gain (loss) (Note 1)
Realized gain (loss) on market-priced securities without options	20 064 830.07
Realized gain (loss) on financial futures	12 270 860.50
Realized gain (loss) on forward foreign exchange contracts	23 960 852.81
Net realized gain (loss) of the financial year	202 987 275.92
Total realized gain (loss)	61 756 952.28
Realized gain (loss) on foreign exchange	5 460 408.90
Changes in unrealized appreciation (depreciation) (Note 1)
Unrealized appreciation (depreciation) on market-priced securities without options	92 581 955.78
Unrealized appreciation (depreciation) on financial futures	-203 125.00
Total changes in unrealized appreciation (depreciation)	87 599 071.11
Unrealized appreciation (depreciation) on forward foreign exchange contracts	-4 779 759.67
Net increase (decrease) in net assets as a result of operations	290 586 347.03
* As at 31 May 2021, cash amounts serve as collateral for the counterparty Bank of America for an amount of USD 1 040 000.00, Citibank for an amount of USD 2 270 000.00 and Standard Chartered Bank for an amount of USD 10 000.00.
UBS (Lux) Bond SICAV – Asian High Yield (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 | 1 293 042 503.64 |
| Subscriptions | 3 175 424 728.34 |
| Redemptions | 	-1 025 931 080.59	 |
| Total net subscriptions (redemptions) | 2 149 493 647.75 |
| Dividend paid | -65 338 115.98 |
| Net income (loss) on investments | 141 230 323.64 |
| Total realized gain (loss) | 61 756 952.28 |
| Total changes in unrealized appreciation (depreciation) | 	87 599 071.11	 |
| Net increase (decrease) in net assets as a result of operations | 290 586 347.03 |
| Net assets at the end of the financial year | 3 667 784 382.44 |
| 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 | 334 219.4960 |
| Number of shares issued | 183 598.4880 |
| Number of shares redeemed | -86 998.5220 |
| Number of shares outstanding at the end of the financial year | 430 819.4620 |
| Class | F-dist |
| Number of shares outstanding at the beginning of the financial year | 298 000.0000 |
| Number of shares issued | 234 300.0000 |
| Number of shares redeemed | -210 100.0000 |
| Number of shares outstanding at the end of the financial year | 322 200.0000 |
| Class | I-A1-acc |
| Number of shares outstanding at the beginning of the financial year | 1 639 873.6450 |
| Number of shares issued | 2 468 380.7230 |
| Number of shares redeemed | -3 181 491.2150 |
| Number of shares outstanding at the end of the financial year | 926 763.1530 |
| Class | (SEK hedged) I-A1-acc |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 222 893.8750 |
| Number of shares redeemed | -78 416.6400 |
| Number of shares outstanding at the end of the financial year | 144 477.2350 |
| Class | I-A3-acc |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 3 774 335.1500 |
| Number of shares redeemed | -361 147.7780 |
| Number of shares outstanding at the end of the financial year | 3 413 187.3720 |
| Class | (EUR hedged) I-A3-acc |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 537 512.8490 |
| Number of shares redeemed | -14 025.2430 |
| Number of shares outstanding at the end of the financial year | 523 487.6060 |
| Class | (GBP hedged) I-A3-acc |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 476 903.6810 |
| Number of shares redeemed | -18 096.7180 |
| Number of shares outstanding at the end of the financial year | 458 806.9630 |
| Class | (GBP hedged) I-A3-dist |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 746 326.3310 |
| Number of shares redeemed | -45 961.0720 |
| Number of shares outstanding at the end of the financial year | 700 365.2590 |
| Class | I-B-acc |
| Number of shares outstanding at the beginning of the financial year | 422 930.1780 |
| Number of shares issued | 532 230.3470 |
| Number of shares redeemed | -91 642.0000 |
| Number of shares outstanding at the end of the financial year | 863 518.5250 |
| Class | (CHF hedged) I-B-acc |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 41 883.7170 |
| Number of shares redeemed | -41 883.7170 |
| Number of shares outstanding at the end of the financial year | 0.0000 |
| Class | (EUR hedged) I-B-acc |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 204 551.0790 |
| Number of shares redeemed | -600.0000 |
| Number of shares outstanding at the end of the financial year | 203 951.0790 |
| Class | (EUR hedged) I-B-dist |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 831 146.7270 |
| Number of shares redeemed | -3 899.3960 |
| Number of shares outstanding at the end of the financial year | 827 247.3310 |

UBS (Lux) Bond SICAV – Asian High Yield (USD)
Annual report and audited financial statements as of 31 May 2021
| Class | (CHF hedged) I-X-acc |
| --- | --- |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 100 000.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the financial year | 100 000.0000 |
| Class | I-X-dist |
| Number of shares outstanding at the beginning of the financial year | 1 378 211.2250 |
| Number of shares issued | 926 447.8420 |
| Number of shares redeemed | -42 056.5710 |
| Number of shares outstanding at the end of the financial year | 2 262 602.4960 |
| Class | K-1-acc |
| Number of shares outstanding at the beginning of the financial year | 2.4000 |
| Number of shares issued | 1.0000 |
| Number of shares redeemed | -1.4000 |
| Number of shares outstanding at the end of the financial year | 2.0000 |
| Class | K-1-mdist |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 8.2000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the financial year | 8.2000 |
| Class | K-B-mdist |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 145 359.9800 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the financial year | 145 359.9800 |
| Class | (EUR hedged) K-B-mdist |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 67 651.6710 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the financial year | 67 651.6710 |
| Class | K-X-acc |
| Number of shares outstanding at the beginning of the financial year | 188 260.5750 |
| Number of shares issued | 88 819.4840 |
| Number of shares redeemed | -90 058.8990 |
| Number of shares outstanding at the end of the financial year | 187 021.1600 |
| Class | (EUR hedged) K-X-mdist |
| Number of shares outstanding at the beginning of the financial year | 47 055.6450 |
| Number of shares issued | 24 113.1710 |
| Number of shares redeemed | -71 168.8160 |
| Number of shares outstanding at the end of the financial year | 0.0000 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the financial year | 1 028 251.1590 |
| Number of shares issued | 1 394 992.5300 |
| Number of shares redeemed | -495 556.7890 |
| Number of shares outstanding at the end of the financial year | 1 927 686.9000 |
| Class | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the financial year | 55 632.6460 |
| Number of shares issued | 45 128.5620 |
| Number of shares redeemed | -8 194.5290 |
| Number of shares outstanding at the end of the financial year | 92 566.6790 |
| Class | (EUR hedged) P-acc |
| Number of shares outstanding at the beginning of the financial year | 183 106.2150 |
| Number of shares issued | 374 883.5610 |
| Number of shares redeemed | -102 848.9170 |
| Number of shares outstanding at the end of the financial year | 455 140.8590 |
| Class | P-dist |
| Number of shares outstanding at the beginning of the financial year | 142 238.6460 |
| Number of shares issued | 188 935.2340 |
| Number of shares redeemed | -75 547.5750 |
| Number of shares outstanding at the end of the financial year | 255 626.3050 |
| Class | P-mdist |
| Number of shares outstanding at the beginning of the financial year | 2 298 110.2570 |
| Number of shares issued | 4 593 911.7450 |
| Number of shares redeemed | -1 076 450.4380 |
| Number of shares outstanding at the end of the financial year | 5 815 571.5640 |
| Class | (AUD hedged) P-mdist |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 87 978.5660 |
| Number of shares redeemed | -13 884.2640 |
| Number of shares outstanding at the end of the financial year | 74 094.3020 |
| Class | (HKD) P-mdist |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 215 574.3830 |
| Number of shares redeemed | -40 773.9400 |
| Number of shares outstanding at the end of the financial year | 174 800.4430 |
| Class | (SGD hedged) P-mdist |
| Number of shares outstanding at the beginning of the financial year | 419 262.3710 |
| Number of shares issued | 967 751.9370 |
| Number of shares redeemed | -168 049.7610 |
| Number of shares outstanding at the end of the financial year | 1 218 964.5470 |

UBS (Lux) Bond SICAV – Asian High Yield (USD) Annual report and audited financial statements as of 31 May 2021
| Class |  |  | (ZAR hedged) P-mdist |
| --- | --- | --- | --- |
| Number of shares outstanding at the beginning of the financial year |  |  | 0.0000 |
| Number of shares issued |  |  | 16 425.3990 |
| Number of shares redeemed |  |  | -25.8800 |
| Number of shares outstanding at the end of the financial year |  |  | 16 399.5190 |
| Class |  |  | Q-acc |
| Number of shares outstanding at the beginning of the financial year |  |  | 622 481.3330 |
| Number of shares issued |  |  | 1 843 581.7070 |
| Number of shares redeemed |  |  | -389 126.1560 |
| Number of shares outstanding at the end of the financial year |  |  | 2 076 936.8840 |
| Class |  |  | (CHF hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year |  |  | 210 050.9440 |
| Number of shares issued |  |  | 80 099.3550 |
| Number of shares redeemed |  |  | -69 323.2880 |
| Number of shares outstanding at the end of the financial year |  |  | 220 827.0110 |
| Class |  |  | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year |  |  | 294 268.2270 |
| Number of shares issued |  |  | 1 570 377.9910 |
| Number of shares redeemed |  |  | -459 513.8770 |
| Number of shares outstanding at the end of the financial year |  |  | 1 405 132.3410 |
| Class |  |  | (GBP hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year |  |  | 0.0000 |
| Number of shares issued |  |  | 74 565.4620 |
| Number of shares redeemed |  |  | -8 635.7160 |
| Number of shares outstanding at the end of the financial year |  |  | 65 929.7460 |
| Class |  |  | Q-dist |
| Number of shares outstanding at the beginning of the financial year |  |  | 192 054.3410 |
| Number of shares issued |  |  | 384 673.6240 |
| Number of shares redeemed |  |  | -107 000.9910 |
| Number of shares outstanding at the end of the financial year |  |  | 469 726.9740 |
| Class |  |  | (EUR hedged) Q-dist |
| Number of shares outstanding at the beginning of the financial year |  |  | 0.0000 |
| Number of shares issued |  |  | 244 086.0000 |
| Number of shares redeemed |  |  | -1 755.0000 |
| Number of shares outstanding at the end of the financial year |  |  | 242 331.0000 |
| Class |  |  | (GBP hedged) Q-dist |
| Number of shares outstanding at the beginning of the financial year |  |  | 0.0000 |
| Number of shares issued |  |  | 857.3610 |
| Number of shares redeemed |  |  | -260.2410 |
| Number of shares outstanding at the end of the financial year |  |  | 597.1200 |
| Class |  |  | Q-mdist |
| Number of shares outstanding at the beginning of the financial year |  |  | 1 654 829.7440 |
| Number of shares issued |  |  | 1 621 609.6590 |
| Number of shares redeemed |  |  | -623 140.6780 |
| Number of shares outstanding at the end of the financial year |  |  | 2 653 298.7250 |
| Class |  |  | (SGD hedged) Q-mdist |
| Number of shares outstanding at the beginning of the financial year |  |  | 0.0000 |
| Number of shares issued |  |  | 278 240.4900 |
| Number of shares redeemed |  |  | -14 534.2410 |
| Number of shares outstanding at the end of the financial year |  |  | 263 706.2490 |
| Class |  |  | U-X-acc |
| Number of shares outstanding at the beginning of the financial year |  |  | 4 824.0000 |
| Number of shares issued |  |  | 18 320.0000 |
| Number of shares redeemed |  |  | -7 865.0000 |
| Number of shares outstanding at the end of the financial year |  |  | 15 279.0000 |
| Annual Distribution 1 |  |  |  |
| UBS (Lux) Bond SICAV – Asian High Yield (USD)	Ex-Date | Pay-Date | Currency | Amount per share |
| F-dist	3.8.2020 | 6.8.2020 | USD | 3.00 |
| I-X-dist	3.8.2020 | 6.8.2020 | USD | 5.97 |
| P-dist	3.8.2020 | 6.8.2020 | USD | 4.23 |
| Q-dist	3.8.2020 | 6.8.2020 | USD | 4.13 |
| Monthly Distribution 1 |  |  |  |
| UBS (Lux) Bond SICAV – Asian High Yield (USD)	Ex-Date | Pay-Date | Currency | Amount per share |
| K-1-mdist	15.7.2020 | 20.7.2020 | USD | 26 803.15 |
| K-1-mdist	17.8.2020 | 20.8.2020 | USD | 26 538.33 |
| K-1-mdist	15.9.2020 | 18.9.2020 | USD | 28 591.94 |
| K-1-mdist	15.10.2020 | 20.10.2020 | USD | 28 003.49 |
| K-1-mdist	16.11.2020 | 19.11.2020 | USD | 28 098.97 |
| K-1-mdist	15.12.2020 | 18.12.2020 | USD | 28 651.45 |
| K-1-mdist	15.1.2021 | 20.1.2021 | USD | 28 968.64 |
| K-1-mdist	15.2.2021 | 18.2.2021 | USD | 28 680.91 |
| K-1-mdist	15.3.2021 | 18.3.2021 | USD | 28 569.76 |
| K-1-mdist	15.4.2021 | 20.4.2021 | USD | 28 385.98 |
| 1  See note 5 |  |  |  |

UBS (Lux) Bond SICAV – Asian High Yield (USD)
Annual report and audited financial statements as of 31 May 2021
| UBS (Lux) Bond SICAV – Asian High Yield (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| --- | --- | --- | --- | --- |
| K-1-mdist | 17.5.2021 | 20.5.2021 | USD | 28 469.70 |
| K-B-mdist | 15.9.2020 | 18.9.2020 | USD | 0.57 |
| K-B-mdist | 15.10.2020 | 20.10.2020 | USD | 0.56 |
| K-B-mdist | 16.11.2020 | 19.11.2020 | USD | 0.56 |
| K-B-mdist | 15.12.2020 | 18.12.2020 | USD | 0.57 |
| K-B-mdist | 15.1.2021 | 20.1.2021 | USD | 0.58 |
| K-B-mdist | 15.2.2021 | 18.2.2021 | USD | 0.57 |
| K-B-mdist | 15.3.2021 | 18.3.2021 | USD | 0.57 |
| K-B-mdist | 15.4.2021 | 20.4.2021 | USD | 0.57 |
| K-B-mdist | 17.5.2021 | 20.5.2021 | USD | 0.57 |
| (EUR hedged) K-B-mdist | 15.9.2020 | 18.9.2020 | EUR | 0.49 |
| (EUR hedged) K-B-mdist | 15.10.2020 | 20.10.2020 | EUR | 0.49 |
| (EUR hedged) K-B-mdist | 16.11.2020 | 19.11.2020 | EUR | 0.49 |
| (EUR hedged) K-B-mdist | 15.12.2020 | 18.12.2020 | EUR | 0.49 |
| (EUR hedged) K-B-mdist | 15.1.2021 | 20.1.2021 | EUR | 0.50 |
| (EUR hedged) K-B-mdist | 15.2.2021 | 18.2.2021 | EUR | 0.50 |
| (EUR hedged) K-B-mdist | 15.3.2021 | 18.3.2021 | EUR | 0.50 |
| (EUR hedged) K-B-mdist | 15.4.2021 | 20.4.2021 | EUR | 0.49 |
| (EUR hedged) K-B-mdist | 17.5.2021 | 20.5.2021 | EUR | 0.50 |
| (EUR hedged) K-X-mdist | 15.6.2020 | 18.6.2020 | EUR | 0.53 |
| (EUR hedged) K-X-mdist | 15.7.2020 | 20.7.2020 | EUR | 0.50 |
| P-mdist | 15.6.2020 | 18.6.2020 | USD | 0.50 |
| P-mdist | 15.7.2020 | 20.7.2020 | USD | 0.48 |
| P-mdist | 17.8.2020 | 20.8.2020 | USD | 0.48 |
| P-mdist | 15.9.2020 | 18.9.2020 | USD | 0.51 |
| P-mdist | 15.10.2020 | 20.10.2020 | USD | 0.50 |
| P-mdist | 16.11.2020 | 19.11.2020 | USD | 0.50 |
| P-mdist | 15.12.2020 | 18.12.2020 | USD | 0.51 |
| P-mdist | 15.1.2021 | 20.1.2021 | USD | 0.51 |
| P-mdist | 15.2.2021 | 18.2.2021 | USD | 0.51 |
| P-mdist | 15.3.2021 | 18.3.2021 | USD | 0.51 |
| P-mdist | 15.4.2021 | 20.4.2021 | USD | 0.51 |
| P-mdist | 17.5.2021 | 20.5.2021 | USD | 0.51 |
| (AUD hedged) P-mdist | 15.9.2020 | 18.9.2020 | AUD | 0.56 |
| (AUD hedged) P-mdist | 15.10.2020 | 20.10.2020 | AUD | 0.54 |
| (AUD hedged) P-mdist | 16.11.2020 | 19.11.2020 | AUD | 0.54 |
| (AUD hedged) P-mdist | 15.12.2020 | 18.12.2020 | AUD | 0.55 |
| (AUD hedged) P-mdist | 15.1.2021 | 20.1.2021 | AUD | 0.56 |
| (AUD hedged) P-mdist | 15.2.2021 | 18.2.2021 | AUD | 0.55 |
| (AUD hedged) P-mdist | 15.3.2021 | 18.3.2021 | AUD | 0.55 |
| (AUD hedged) P-mdist | 15.4.2021 | 20.4.2021 | AUD | 0.55 |
| (AUD hedged) P-mdist | 17.5.2021 | 20.5.2021 | AUD | 0.55 |
| (HKD) P-mdist | 15.9.2020 | 18.9.2020 | HKD | 5.51 |
| (HKD) P-mdist | 15.10.2020 | 20.10.2020 | HKD | 5.40 |
| (HKD) P-mdist | 16.11.2020 | 19.11.2020 | HKD | 5.39 |
| (HKD) P-mdist | 15.12.2020 | 18.12.2020 | HKD | 5.50 |
| (HKD) P-mdist | 15.1.2021 | 20.1.2021 | HKD | 5.56 |
| (HKD) P-mdist | 15.2.2021 | 18.2.2021 | HKD | 5.50 |
| (HKD) P-mdist | 15.3.2021 | 18.3.2021 | HKD | 5.51 |
| (HKD) P-mdist | 15.4.2021 | 20.4.2021 | HKD | 5.49 |
| (HKD) P-mdist | 17.5.2021 | 20.5.2021 | HKD | 5.50 |
| (SGD hedged) P-mdist | 15.6.2020 | 18.6.2020 | SGD | 0.50 |
| (SGD hedged) P-mdist | 15.7.2020 | 20.7.2020 | SGD | 0.50 |
| (SGD hedged) P-mdist | 17.8.2020 | 20.8.2020 | SGD | 0.50 |
| (SGD hedged) P-mdist | 15.9.2020 | 18.9.2020 | SGD | 0.53 |
| (SGD hedged) P-mdist | 15.10.2020 | 20.10.2020 | SGD | 0.52 |
| (SGD hedged) P-mdist | 16.11.2020 | 19.11.2020 | SGD | 0.52 |
| (SGD hedged) P-mdist | 15.12.2020 | 18.12.2020 | SGD | 0.53 |
| (SGD hedged) P-mdist | 15.1.2021 | 20.1.2021 | SGD | 0.53 |
| (SGD hedged) P-mdist | 15.2.2021 | 18.2.2021 | SGD | 0.53 |
| (SGD hedged) P-mdist | 15.3.2021 | 18.3.2021 | SGD | 0.53 |
| (SGD hedged) P-mdist | 15.4.2021 | 20.4.2021 | SGD | 0.53 |
| (SGD hedged) P-mdist | 17.5.2021 | 20.5.2021 | SGD | 0.53 |
| (ZAR hedged) P-mdist | 15.10.2020 | 20.10.2020 | ZAR | 9.51 |
| (ZAR hedged) P-mdist | 16.11.2020 | 19.11.2020 | ZAR | 9.49 |
| (ZAR hedged) P-mdist | 15.12.2020 | 18.12.2020 | ZAR | 9.65 |
| (ZAR hedged) P-mdist | 15.1.2021 | 20.1.2021 | ZAR | 9.74 |
| (ZAR hedged) P-mdist | 15.2.2021 | 18.2.2021 | ZAR | 9.65 |
| (ZAR hedged) P-mdist | 15.3.2021 | 18.3.2021 | ZAR | 9.66 |
| (ZAR hedged) P-mdist | 15.4.2021 | 20.4.2021 | ZAR | 9.60 |
| (ZAR hedged) P-mdist | 17.5.2021 | 20.5.2021 | ZAR | 9.61 |
| Q-mdist | 15.6.2020 | 18.6.2020 | USD | 0.55 |
| Q-mdist | 15.7.2020 | 20.7.2020 | USD | 0.53 |
| Q-mdist | 17.8.2020 | 20.8.2020 | USD | 0.53 |
| Q-mdist | 15.9.2020 | 18.9.2020 | USD | 0.56 |
| Q-mdist | 15.10.2020 | 20.10.2020 | USD | 0.55 |
| Q-mdist | 16.11.2020 | 19.11.2020 | USD | 0.55 |
| Q-mdist | 15.12.2020 | 18.12.2020 | USD | 0.56 |
| Q-mdist | 15.1.2021 | 20.1.2021 | USD | 0.57 |

UBS (Lux) Bond SICAV – Asian High Yield (USD) Annual report and audited financial statements as of 31 May 2021
| UBS (Lux) Bond SICAV – Asian High Yield (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| --- | --- | --- | --- | --- |
| Q-mdist | 15.2.2021 | 18.2.2021 | USD | 0.56 |
| Q-mdist | 15.3.2021 | 18.3.2021 | USD | 0.56 |
| Q-mdist | 15.4.2021 | 20.4.2021 | USD | 0.56 |
| Q-mdist | 17.5.2021 | 20.5.2021 | USD | 0.56 |
| (SGD hedged) Q-mdist | 15.7.2020 | 20.7.2020 | SGD | 0.52 |
| (SGD hedged) Q-mdist | 17.8.2020 | 20.8.2020 | SGD | 0.51 |
| (SGD hedged) Q-mdist | 15.9.2020 | 18.9.2020 | SGD | 0.55 |
| (SGD hedged) Q-mdist | 15.10.2020 | 20.10.2020 | SGD | 0.54 |
| (SGD hedged) Q-mdist | 16.11.2020 | 19.11.2020 | SGD | 0.54 |
| (SGD hedged) Q-mdist | 15.12.2020 | 18.12.2020 | SGD | 0.55 |
| (SGD hedged) Q-mdist | 15.1.2021 | 20.1.2021 | SGD | 0.55 |
| (SGD hedged) Q-mdist | 15.2.2021 | 18.2.2021 | SGD | 0.55 |
| (SGD hedged) Q-mdist | 15.3.2021 | 18.3.2021 | SGD | 0.55 |
| (SGD hedged) Q-mdist | 15.4.2021 | 20.4.2021 | SGD | 0.55 |
| (SGD hedged) Q-mdist | 17.5.2021 | 20.5.2021 | SGD | 0.55 |

UBS (Lux) Bond SICAV – Asian High Yield (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 |  |  |  |
| CNY |  |  |  |
| CNY	CIFI HOLDINGS GROUP CO LTD-REG-S 6.70000% 19-23.04.22 | 19 000 000.00 | 3 053 043.35 | 0.08 |
| Total CNY |  | 3 053 043.35 | 0.08 |
| USD |  |  |  |
| USD	ABJA INVESTMENT CO PTE LTD-REG-S 5.45000% 18-24.01.28 | 425 000.00 | 451 129.00 | 0.01 |
| USD	AGILE GROUP HOLDINGS LTD-REG-S 5.75000% 20-02.01.25 | 6 200 000.00 | 6 293 000.00 | 0.17 |
| USD	AGILE GROUP HOLDINGS LTD-REG-S 5.50000% 21-17.05.26 | 9 900 000.00 | 9 887 625.00 | 0.27 |
| USD	ANTON OILFIELD SERVICES GROUP-REG-S 7.50000% 19-02.12.22 | 2 700 000.00 | 2 624 568.75 | 0.07 |
| USD	APL REALTY HOLDINGS PTE LTD-REG-S 5.95000% 17-02.06.24 | 6 200 000.00 | 4 548 475.00 | 0.12 |
| USD	AZURE POWER ENERGY LTD-REG-S 5.50000% 17-03.11.22 | 19 900 000.00 | 20 208 450.00 | 0.55 |
| USD	BHARTI AIRTEL LTD-REG-S 3.25000% 21-03.06.31 | 14 625 000.00 | 14 374 327.50 | 0.39 |
| USD	BRIGHT SCHOLAR EDU HOLD LTD-REG-S 7.45000% 19-31.07.22 | 900 000.00 | 918 000.00 | 0.03 |
| USD	CENTRAL CHINA REAL ESTATE-REG-S 7.25000% 19-24.04.23 | 5 525 000.00 | 5 373 062.50 | 0.15 |
| USD	CENTRAL CHINA REAL ESTATE-REG-S 7.25000% 20-16.07.24 | 800 000.00 | 726 400.00 | 0.02 |
| USD	CENTRAL CHINA REAL ESTATE-REG-S 7.65000% 20-27.08.23 | 11 450 000.00 | 11 163 750.00 | 0.30 |
| USD	CENTRAL CHINA REAL ESTATE LTD-REG-S 7.25000% 20-13.08.24 | 7 000 000.00 | 6 305 687.50 | 0.17 |
| USD	CENTRAL CHINA REAL ESTATE LTD-REG-S 7.50000% 21-14.07.25 | 13 000 000.00 | 11 523 687.49 | 0.31 |
| USD	CHAMPION PATH HOLDINGS-REG-S 4.50000% 21-27.01.26 | 8 675 000.00 | 9 011 082.51 | 0.25 |
| USD	CHAMPION PATH HOLDINGS-REG-S 4.85000% 21-27.01.28 | 12 000 000.00 | 12 583 499.98 | 0.34 |
| USD	CHINA AOYUAN GROUP LTD-REG-S 7.95000% 19-19.02.23 | 5 000 000.00 | 5 131 250.00 | 0.14 |
| USD	CHINA AOYUAN GROUP LTD-REG-S 6.20000% 20-24.03.26 | 10 000 000.00 | 9 364 375.00 | 0.26 |
| USD	CHINA AOYUAN GROUP LTD-REG-S 5.98000% 20-18.08.25 | 4 000 000.00 | 3 800 400.00 | 0.10 |
| USD	CHINA EVERGRANDE GROUP-REG-S 10.00000% 19-11.04.23 | 10 000 000.00 | 9 136 250.00 | 0.25 |
| USD	CHINA EVERGRANDE GROUP-REG-S 10.50000% 19-11.04.24 | 14 000 000.00 | 12 344 500.00 | 0.34 |
| USD	CHINA EVERGRANDE GROUP-REG-S 12.00000% 20-22.01.24 | 14 000 000.00 | 12 375 440.00 | 0.34 |
| USD	CHINA SOUTH CITY HOLDINGS LTD-REG-S 7.25000% 17-20.11.22 | 2 000 000.00 | 1 710 375.00 | 0.05 |
| USD	CHINA SOUTH CITY HOLDINGS LTD-REG-S 11.50000% 19-12.02.22 | 3 600 000.00 | 3 475 008.00 | 0.10 |
| USD	CIFI HOLDINGS GROUP CO LTD-REG-S 6.00000% 20-16.07.25 | 2 700 000.00 | 2 847 318.75 | 0.08 |
| USD	CIFI HOLDINGS GROUP CO LTD-REG-S 4.45000% 21-17.08.26 | 13 400 000.00 | 13 416 750.00 | 0.37 |
| USD	CLIFFTON LTD-REG-S 6.25000% 21-25.10.25 | 15 150 000.00 | 15 096 975.00 | 0.41 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 7.25000% 19-08.04.26 | 5 000 000.00 | 5 541 562.50 | 0.15 |
| USD	EASY TACTIC LTD-REG-S 8.12500% 19-11.07.24 | 1 775 000.00 | 1 638 879.69 | 0.04 |
| USD	EASY TACTIC LTD-REG-S 8.62500% 20-05.03.24 | 6 000 000.00 | 5 656 125.00 | 0.15 |
| USD	FANTASIA HOLDINGS GROUP CO LTD-REG-S 12.25000% 19-18.10.22 | 1 425 000.00 | 1 414 134.37 | 0.04 |
| USD	FANTASIA HOLDINGS GROUP CO LTD-REG-S 10.87500% 20-09.01.23 | 13 950 000.00 | 13 529 756.25 | 0.37 |
| USD	FANTASIA HOLDINGS GROUP CO LTD-REG-S 11.87500% 20-01.06.23 | 8 325 000.00 | 8 066 404.69 | 0.22 |
| USD	FANTASIA HOLDINGS GROUP CO LTD-REG-S 9.25000% 20-28.07.23 | 17 150 000.00 | 15 641 871.88 | 0.43 |
| USD	FANTASIA HOLDINGS GROUP CO LTD-REG-S 9.87500% 20-19.10.23 | 13 625 000.00 | 12 460 914.07 | 0.34 |
| USD	FORTUNE STAR BVI LTD-REG-S 6.85000% 20-02.07.24 | 18 375 000.00 | 19 615 312.50 | 0.54 |
| USD	FORTUNE STAR BVI LTD-REG-S 5.95000% 20-19.10.25 | 16 500 000.00 | 17 348 718.75 | 0.47 |
| USD	FORTUNE STAR BVI LTD-REG-S 5.05000% 21-27.01.27 | 14 550 000.00 | 14 652 759.37 | 0.40 |
| USD	GLOBE TELECOM INC-REG-S 2.50000% 20-23.07.30 | 8 110 000.00 | 7 666 484.38 | 0.21 |
| USD	GOLDEN EAGLE RETAIL GROUP-REG-S 4.62500% 13-21.05.23 | 5 750 000.00 | 5 867 875.00 | 0.16 |
| USD	GOLDEN WHEEL TIANDI HLDGS CO LTD-REG-S 14.25000% 20-09.01.23 | 3 075 000.00 | 2 972 756.25 | 0.08 |
| USD	GREENKO MAURITIUS LTD-REG-S 6.25000% 19-21.02.23 | 18 575 000.00 | 19 132 250.00 | 0.52 |
| USD	GREENTOWN CHINA HOLDINGS LTD-REG-S 5.65000% 20-13.07.25 | 7 450 000.00 | 7 714 475.00 | 0.21 |
| USD	HILONG HOLDING LTD-REG-S *DEFAULTED* 8.25000% 19-26.09.22 | 2 500 000.00 | 1 899 218.75 | 0.05 |
| USD	INTERNATIONAL CONT TERM SERV-REG-S 4.75000% 20-17.06.30 | 19 750 000.00 | 21 901 515.62 | 0.60 |
| USD	JGSH PHILIPPINES LTD-REG-S 4.12500% 20-09.07.30 | 19 059 000.00 | 20 325 232.31 | 0.55 |
| USD	JINGRUI HOLDINGS LTD-REG-S 12.75000% 20-11.03.22 | 1 000 000.00 | 988 000.00 | 0.03 |
| USD	JINGRUI HOLDINGS LTD-REG-S 14.50000% 20-19.02.23 | 6 000 000.00 | 5 913 000.00 | 0.16 |
| USD	JSW HYDRO ENERGY LTD-REG-S 4.12500% 21-18.05.31 | 32 750 000.00 | 33 046 796.88 | 0.90 |
| USD	JSW STEEL LTD-REG-S 5.37500% 19-04.04.25 | 3 000 000.00 | 3 193 687.50 | 0.09 |
| USD	KAISA GROUP HOLDINGS LTD-REG-S 10.87500% 19-23.07.23 | 5 750 000.00 | 5 948 734.37 | 0.16 |
| USD	KAISA GROUP HOLDINGS LTD-REG-S 10.50000% 20-15.01.25 | 6 400 000.00 | 6 355 200.00 | 0.17 |
| USD	KAISA GROUP HOLDINGS LTD-REG-S 9.95000% 20-23.07.25 | 15 000 000.00 | 14 313 750.00 | 0.39 |
| USD	KAISA GROUP HOLDINGS LTD-REG-S 11.25000% 20-16.04.25 | 44 575 000.00 | 44 806 232.81 | 1.22 |
| USD	KWG GROUP HOLDINGS LTD-REG-S 6.30000% 20-13.02.26 | 30 150 000.00 | 30 607 903.13 | 0.83 |
| USD	LOGAN GROUP CO LTD-REG-S 5.25000% 20-19.10.25 | 14 000 000.00 | 14 326 375.00 | 0.39 |
| USD	LOGAN PROPERTY HOLDINGS CO LTD-REG-S 5.25000% 17-23.02.23 | 3 250 000.00 | 3 283 109.37 | 0.09 |
| USD	LOGAN PROPERTY HOLDINGS CO LTD-REG-S 4.25000% 21-12.07.25 | 12 800 000.00 | 12 692 000.00 | 0.35 |
| USD	MANILA WATER CO INC-REG-S 4.37500% 20-30.07.30 | 32 504 000.00 | 34 683 799.51 | 0.95 |
| USD	MEDCO OAK TREE PTE LTD-REG-S 7.37500% 19-14.05.26 | 5 000 000.00 | 5 457 187.50 | 0.15 |
| USD	MEDCO PLATINUM ROAD PTE LTD-REG-S 6.75000% 18-30.01.25 | 28 000 000.00 | 29 344 000.00 | 0.80 |
| USD	MEITUAN DIANPING-REG-S 3.05000% 20-28.10.30 | 30 000 000.00 | 28 988 400.00 | 0.79 |
| USD	MELCO RESORTS FINANCE LTD-REG-S 4.87500% 17-06.06.25 | 750 000.00 | 769 243.50 | 0.02 |
| USD	MELCO RESORTS FINANCE LTD-REG-S 5.62500% 19-17.07.27 | 5 000 000.00 | 5 268 339.00 | 0.14 |
| USD	MELCO RESORTS FINANCE LTD-REG-S 5.37500% 19-04.12.29 | 8 500 000.00 | 9 015 312.50 | 0.25 |
| USD	MELCO RESORTS FINANCE LTD-REG-S 5.75000% 20-21.07.28 | 15 000 000.00 | 15 956 250.00 | 0.44 |
| USD	MGM CHINA HOLDINGS LTD-REG-S 5.25000% 20-18.06.25 | 17 950 000.00 | 18 690 437.50 | 0.51 |
| USD	MONGOLIA,GOVERNMENT OF-REG-S 5.12500% 12-05.12.22 | 1 302 000.00 | 1 353 103.50 | 0.04 |
| USD	NEW METRO GLOBAL LTD-REG-S 4.50000% 21-02.05.26 | 37 700 000.00 | 37 282 943.75 | 1.02 |
| USD	PAKISTAN, ISLAMIC REPUBLIC OF-REG-S 6.87500% 17-05.12.27 | 18 250 000.00 | 19 074 671.87 | 0.52 |
| USD	PAKUWON JATI TBK PT-REG-S 4.87500% 21-29.04.28 | 12 025 000.00 | 12 325 625.00 | 0.34 |
| USD	PERIAMA HOLDINGS LLC/DE-REG-S 5.95000% 20-19.04.26 | 45 775 000.00 | 49 231 012.50 | 1.34 |
| USD	REDCO PROPERTIES GROUP LTD-REG-S 11.00000% 20-06.08.22 | 4 200 000.00 | 4 272 187.50 | 0.12 |
| USD	REDSUN PROPERTIES GROUP LTD-REG-S 9.95000% 19-11.04.22 | 2 000 000.00 | 2 071 625.00 | 0.06 |
| USD	REDSUN PROPERTIES GROUP LTD-REG-S 9.70000% 20-16.04.23 | 4 573 000.00 | 4 756 777.44 | 0.13 |
| USD	RENEW POWER PVT LTD-REG-S 6.45000% 19-27.09.22 | 17 915 000.00 | 18 506 195.00 | 0.50 |
| USD	RENEW WIND ENER AP2 / RENEW POWER-REG-S 4.50000% 21-14.07.28 | 34 325 000.00 | 34 153 375.00 | 0.93 |
| USD	RKPF OVERSEAS 2019 A LTD-REG-S 5.90000% 20-05.03.25 | 7 750 000.00 | 8 051 765.62 | 0.22 |
| USD	RONSHINE CHINA HOLDINGS LTD-REG-S 8.95000% 19-22.01.23 | 21 500 000.00 | 21 779 500.00 | 0.59 |
| USD	RONSHINE CHINA HOLDINGS LTD-REG-S 7.35000% 20-15.12.23 | 25 050 000.00 | 24 389 306.25 | 0.67 |
| USD	RONSHINE CHINA HOLDINGS LTD-REG-S 6.75000% 20-05.08.24 | 4 220 000.00 | 3 975 503.75 | 0.11 |
| USD	SCENERY JOURNEY LTD-REG-S 11.50000% 20-24.10.22 | 20 668 000.00 | 19 100 952.24 | 0.52 |
| USD	SCENERY JOURNEY LTD-REG-S 12.00000% 20-24.10.23 | 28 125 000.00 | 25 324 875.00 | 0.69 |
| USD	SEAZEN GROUP LTD-REG-S 6.45000% 20-11.06.22 | 12 000 000.00 | 12 236 250.00 | 0.33 |
| USD	SHIMAO PROPERTY HOLDINGS LTD-REG-S 5.60000% 19-15.07.26 | 1 250 000.00 | 1 344 765.63 | 0.04 |

UBS (Lux) Bond SICAV – Asian High Yield (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 | SHIMAO PROPERTY HOLDINGS LTD-REG-S 4.60000% 20-13.07.30 | 5 725 000.00 | 5 961 156.25 | 0.16 |
| USD | SHIMAO PROPERTY HOLDINGS LTD-REG-S 3.45000% 21-11.01.31 | 8 000 000.00 | 7 570 000.00 | 0.21 |
| USD | SHUI ON DEVELOPMENT HOLDING LTD-REG-S 6.25000% 19-28.11.21 | 10 796 000.00 | 10 927 576.25 | 0.30 |
| USD | SHUI ON DEVELOPMENT HOLDING LTD-REG-S 6.15000% 20-24.08.24 | 23 925 000.00 | 25 001 625.00 | 0.68 |
| USD | SRI LANKA, DEMOCRATIC REP OF-REG-S 5.87500% 12-25.07.22 | 25 215 000.00 | 22 036 334.07 | 0.60 |
| USD | SRI LANKA, DEMOCRATIC REP OF-REG-S 6.20000% 17-11.05.27 | 23 705 000.00 | 15 834 940.00 | 0.43 |
| USD | SRI LANKA, DEMOCRATIC REP OF-REG-S 6.75000% 18-18.04.28 | 10 000 000.00 | 6 705 000.00 | 0.18 |
| USD | SRI LANKA, DEMOCRATIC REP OF-REG-S 6.85000% 19-14.03.24 | 2 425 000.00 | 1 798 743.75 | 0.05 |
| USD | SRI LANKA, DEMOCRATIC REP OF-REG-S 7.55000% 19-28.03.30 | 47 000 000.00 | 31 469 437.50 | 0.86 |
| USD | SRILANKAN AIRLINES LTD-REG-S 7.00000% 19-25.06.24 | 3 150 000.00 | 2 000 565.00 | 0.05 |
| USD | STAR ENERGY GEOTHERMAL WAYANG-REG-S 6.75000% 18-24.04.33 | 7 500 000.00 | 7 561 749.90 | 0.21 |
| USD | STUDIO CITY FINANCE LTD-REG-S 6.00000% 20-15.07.25 | 4 300 000.00 | 4 518 493.75 | 0.12 |
| USD | STUDIO CITY FINANCE LTD-REG-S 6.50000% 20-15.01.28 | 16 475 000.00 | 17 764 992.50 | 0.48 |
| USD | STUDIO CITY FINANCE LTD-REG-S 5.00000% 21-15.01.29 | 8 625 000.00 | 8 766 773.43 | 0.24 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 8.35000% 18-19.04.23 | 12 000 000.00 | 12 512 250.01 | 0.34 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 6.50000% 20-09.07.23 | 2 000 000.00 | 2 058 125.00 | 0.06 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 7.00000% 20-09.07.25 | 22 125 000.00 | 22 899 375.00 | 0.62 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 6.65000% 20-03.08.24 | 20 200 000.00 | 20 917 100.00 | 0.57 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 5.95000% 21-26.04.24 | 23 280 000.00 | 23 665 575.00 | 0.65 |
| USD | THETA CAPITAL PTE LTD-REG-S 6.75000% 16-31.10.26 | 10 920 000.00 | 10 788 960.00 | 0.29 |
| USD | VEDANTA RESOURCES PLC-REG-S 7.12500% 13-31.05.23 | 7 000 000.00 | 6 594 437.50 | 0.18 |
| USD | VEDANTA RESOURCES PLC-REG-S 6.37500% 17-30.07.22 | 15 200 000.00 | 14 936 850.00 | 0.41 |
| USD | VEDANTA RESOURCES PLC-REG-S 6.12500% 17-09.08.24 | 70 215 000.00 | 60 046 990.31 | 1.64 |
| USD | VIRGIN AUSTRALIA HOLD-REG-S *DEFAULTED* 8.12500% 19-15.11.24 | 11 000 000.00 | 1 017 500.00 | 0.03 |
| USD | WYNN MACAU LTD-REG-S 4.87500% 17-01.10.24 | 4 750 000.00 | 4 831 475.80 | 0.13 |
| USD | WYNN MACAU LTD-REG-S 5.50000% 17-01.10.27 | 4 000 000.00 | 4 180 000.00 | 0.11 |
| USD | WYNN MACAU LTD-REG-S 5.12500% 19-15.12.29 | 7 276 000.00 | 7 531 959.49 | 0.21 |
| USD | WYNN MACAU LTD-REG-S 5.50000% 20-15.01.26 | 27 620 000.00 | 29 002 883.68 | 0.79 |
| USD | YANGO JUSTICE INTERNATIONAL LTD-REG-S 10.25000% 19-18.03.22 | 5 000 000.00 | 5 127 500.00 | 0.14 |
| USD | YANGO JUSTICE INTERNATIONAL LTD-REG-S 8.25000% 20-25.11.23 | 12 600 000.00 | 12 771 675.00 | 0.35 |
| USD | YANGO JUSTICE INTERNATIONAL LTD-REG-S 7.50000% 20-15.04.24 | 11 925 000.00 | 11 983 134.37 | 0.33 |
| USD | YANGO JUSTICE INTERNATIONAL LTD-REG-S 7.50000% 20-17.02.25 | 5 075 000.00 | 4 922 750.00 | 0.13 |
| USD | YANGO JUSTICE INTERNATIONAL LTD-REG-S 5.30000% 21-11.01.22 | 8 275 000.00 | 8 202 593.75 | 0.22 |
| USD | YANLORD LAND HK CO LTD-REG-S 6.80000% 19-27.02.24 | 1 000 000.00 | 1 050 500.00 | 0.03 |
| USD | YANLORD LAND HK CO LTD-REG-S 5.12500% 21-20.05.26 | 16 725 000.00 | 17 024 712.00 | 0.46 |
| USD | YUZHOU GROUP HOLDINGS CO LTD-REG-S 7.85000% 20-12.08.26 | 14 350 000.00 | 12 505 128.13 | 0.34 |
| USD | YUZHOU PROPERTIES CO LTD-REG-S 6.00000% 16-25.10.23 | 2 425 000.00 | 2 280 106.25 | 0.06 |
| USD | YUZHOU PROPERTIES CO LTD-REG-S 8.37500% 19-30.10.24 | 14 300 000.00 | 13 620 750.00 | 0.37 |
| USD | YUZHOU PROPERTIES CO LTD-REG-S 7.37500% 20-13.01.26 | 56 927 000.00 | 49 953 442.50 | 1.36 |
| USD | ZHENRO PROPERTIES GROUP LTD-REG-S 7.35000% 20-05.02.25 | 8 900 000.00 | 8 896 106.25 | 0.24 |
| Total USD |  |  | 1 567 855 094.42 | 42.75 |
| Total Notes, fixed rate |  | 1 570 908 137.77 | 42.83 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	GLOBAL LOGISTIC PROPERTIES-REG-S-SUB 4.500%/VAR 21-PRP | 40 000 000.00 | 40 050 000.00 | 1.09 |
| Total USD |  | 40 050 000.00 | 1.09 |
| Total Notes, floating rate |  | 40 050 000.00 | 1.09 |
| Medium term notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	BANK NEGARA INDONESIA PERSERO-REG-S-SUB 3.75000% 21-30.03.26 | 14 275 000.00 | 14 517 675.00 | 0.40 |
| USD	CENTRAL PLAZA DEVELOPMENT LTD-REG-S 3.85000% 20-14.07.25 | 12 500 000.00 | 11 881 250.00 | 0.32 |
| USD	FAR EAST HORIZON LTD-REG-S 3.37500% 20-18.02.25 | 7 990 000.00 | 7 993 995.00 | 0.22 |
| USD	FAR EAST HORIZON LTD-REG-S 2.62500% 21-03.03.24 | 18 500 000.00 | 18 430 625.00 | 0.50 |
| USD	GAJAH TUNGGAL TBK PT-REG-S 8.37500% 17-10.08.22 | 1 000 000.00 | 971 640.00 | 0.03 |
| USD	HPCL MITTAL ENERGY LTD-REG-S 5.45000% 19-22.10.26 | 5 000 000.00 | 5 175 937.50 | 0.14 |
| USD	KWG GROUP HOLDINGS LTD-REG-S 7.40000% 19-05.03.24 | 15 000 000.00 | 15 827 812.50 | 0.43 |
| USD	LS FINANCE 2017 LTD-REG-S 4.87500% 19-15.07.24 | 13 000 000.00 | 13 065 000.00 | 0.36 |
| USD	MUTHOOT FINANCE LTD-REG-S 6.12500% 19-31.10.22 | 11 300 000.00 | 11 715 275.00 | 0.32 |
| USD	MUTHOOT FINANCE LTD-REG-S 4.40000% 20-02.09.23 | 12 799 000.00 | 13 037 381.37 | 0.35 |
| USD	NWD MTN LTD-REG-S 4.50000% 20-19.05.30 | 37 760 000.00 | 40 027 993.97 | 1.09 |
| USD	REC LTD-REG-S 2.25000% 21-01.09.26 | 31 225 000.00 | 30 499 615.15 | 0.83 |
| USD	REDCO PROPERTIES GROUP LTD-REG-S 9.90000% 20-17.02.24 | 19 255 000.00 | 18 581 075.00 | 0.51 |
| USD	SHRIRAM TRANSPORT FINANCE CO LTD-REG-S 5.95000% 19-24.10.22 | 26 100 000.00 | 26 618 737.50 | 0.72 |
| USD	SHRIRAM TRANSPORT FINANCE CO LTD-REG-S 5.10000% 20-16.07.23 | 32 300 000.00 | 32 487 743.75 | 0.89 |
| USD	SHRIRAM TRANSPORT FINANCE CO LTD-REG-S 4.40000% 21-13.03.24 | 45 000 000.00 | 44 474 062.50 | 1.21 |
| USD	YES BANK IFSC BANKING UNIT BR-REG-S 3.75000% 18-06.02.23 | 41 928 000.00 | 41 411 761.50 | 1.13 |
| Total USD |  | 346 717 580.74 | 9.45 |
| Total Medium term notes, fixed rate |  | 346 717 580.74 | 9.45 |
| Medium term notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	BANGKOK BANK PCL/HONG KONG-REG-S-SUB 3.733%/VAR 19-25.09.34 | 7 150 000.00 | 7 298 809.38 | 0.20 |
| USD	BANGKOK BANK PCL/HONG KONG-REG-S-SUB 5.000%/VAR 20-PRP | 40 025 000.00 | 42 171 340.63 | 1.15 |
| USD	BANK OF EAST ASIA LTD-REG-S-SUB 5.825%/VAR 20-PRP | 36 350 000.00 | 39 045 716.00 | 1.06 |
| USD	CITIC BANK INTERNATIONAL LTD-REG-S-SUB 4.250%/VAR 16-PRP | 500 000.00 | 501 260.25 | 0.01 |
| USD	DAH SING BANK LTD-REG-S-SUB 4.250%/VAR 16-30.11.26 | 1 405 000.00 | 1 417 897.62 | 0.04 |
| USD	KASIKORNBANK PCL-REG-S-SUB 5.275%/VAR 20-PRP | 46 750 000.00 | 49 359 234.37 | 1.35 |
| USD	KASIKORNBANK PCL/HONG KONG-REG-S-SUB 3.343%/VAR 19-02.10.31 | 22 076 000.00 | 22 632 039.25 | 0.62 |
| USD	OLAM INTERNATIONAL LTD-REG-S-SUB 5.350%/VAR 16-PRP | 350 000.00 | 350 284.37 | 0.01 |
| USD	STATE BANK OF INDIA/DUBAI-REG-S-SUB 5.500%/VAR 16-PRP | 29 170 000.00 | 29 357 781.87 | 0.80 |
| USD	WOORI BANK-REG-S-SUB 5.250%/VAR 17-PRP | 1 125 000.00 | 1 155 796.87 | 0.03 |
| Total USD |  | 193 290 160.61 | 5.27 |
| Total Medium term notes, floating rate |  | 193 290 160.61 | 5.27 |

UBS (Lux) Bond SICAV – Asian High Yield (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) |  |

Bonds, fixed rate
| USD |  |
| --- | --- |
| USD | ABJA INVESTMENT CO PTE LTD-REG-S 5.95000% 14-31.07.24 | 12 700 000.00 | 13 781 881.24 | 0.38 |
| USD | AGILE GROUP HOLDINGS LTD-REG-S 6.05000% 20-13.10.25 | 29 700 000.00 | 30 591 000.00 | 0.83 |
| USD | ALAM SUTERA REALTY TBK PT (PAY IN KIND) STEP UP 20-02.05.24 | 6 875 000.00 | 5 463 476.57 | 0.15 |
| USD | ALAM SUTERA REALTY TBK PT (PAY IN KIND) STEP UP 20-02.11.25 | 23 481 000.00 | 17 747 233.31 | 0.48 |
| USD | BANK TABUNGAN NEGARA PERSERO-REG-S-SUB 4.20000% 20-23.01.25 | 2 250 000.00 | 2 294 718.75 | 0.06 |
| USD | BIM LAND JSC-REG-S 7.37500% 21-07.05.26 | 20 000 000.00 | 18 993 750.00 | 0.52 |
| USD | CELESTIAL DYNASTY LTD-REG-S 4.25000% 19-27.06.29 | 12 000 000.00 | 12 373 920.00 | 0.34 |
| USD | CENTRAL CHINA REAL ESTATE-REG-S 7.75000% 20-24.05.24 | 8 000 000.00 | 7 489 000.00 | 0.20 |
| USD | CENTRAL PLAZA DEVELOPMENT LTD-REG-S 4.65000% 21-19.01.26 | 27 150 000.00 | 26 425 434.37 | 0.72 |
| USD | CFLD CAYMAN INVEST-REG-S *DEFAULTED* 8.05000% 20-13.01.25 | 60 000 000.00 | 22 642 500.00 | 0.62 |
| USD | CHINA AOYUAN PROPERTY GROUP LTD-REG-S 5.88000% 21-01.03.27 | 3 500 000.00 | 3 186 750.00 | 0.09 |
| USD | CHINA EVERGRANDE GROUP-REG-S 8.25000% 17-23.03.22 | 3 500 000.00 | 3 326 750.00 | 0.09 |
| USD | CHINA EVERGRANDE GROUP-REG-S 7.50000% 17-28.06.23 | 8 731 000.00 | 7 485 741.12 | 0.20 |
| USD | CHINA EVERGRANDE GROUP-REG-S 8.75000% 17-28.06.25 | 65 400 000.00 | 52 025 700.00 | 1.42 |
| USD | CHINA GRAND AUTOMOTIVE SERV LTD-REG-S 8.62500% 19-08.04.22 | 1 249 000.00 | 1 205 128.87 | 0.03 |
| USD | CHINA OIL & GAS GROUP LTD-REG-S 4.62500% 17-20.04.22 | 200 000.00 | 201 454.00 | 0.01 |
| USD | CHINA SCE GROUP HOLDINGS LTD-REG-S 7.00000% 20-02.05.25 | 3 000 000.00 | 3 084 937.50 | 0.08 |
| USD | CHINA SCE GROUP HOLDINGS LTD-REG-S- 6.00000% 21-04.02.26 | 15 480 000.00 | 15 158 790.00 | 0.41 |
| USD | CHINA SCE PROPERTY HOLDINGS LTD-REG-S 5.87500% 17-10.03.22 | 10 453 000.00 | 10 572 268.73 | 0.29 |
| USD | CHINA SCE PROPERTY HOLDINGS LTD-REG-S 7.37500% 19-09.04.24 | 4 911 000.00 | 5 139 054.56 | 0.14 |
| USD | COUNTRY GARDEN HOLDINGS CO LTD-REG-S 6.15000% 19-17.09.25 | 5 246 000.00 | 5 764 042.50 | 0.16 |
| USD | COUNTRY GARDEN HOLDINGS CO LTD-REG-S 5.12500% 20-14.01.27 | 7 550 000.00 | 8 030 368.75 | 0.22 |
| USD | COUNTRY GARDEN HOLDINGS CO LTD-REG-S 5.62500% 20-14.01.30 | 5 000 000.00 | 5 427 500.00 | 0.15 |
| USD | COUNTRY GARDEN HOLDINGS CO LTD-REG-S 5.40000% 20-27.05.25 | 21 803 000.00 | 23 340 111.50 | 0.64 |
| USD | COUNTRY GARDEN HOLDINGS CO LTD-REG-S 4.20000% 20-06.02.26 | 10 000 000.00 | 10 417 500.00 | 0.28 |
| USD | COUNTRY GARDEN HOLDINGS CO LTD-REG-S 4.80000% 20-06.08.30 | 13 975 000.00 | 14 580 292.19 | 0.40 |
| USD | DEVELOPMENT BANK OF MONGOLIA LLC-REG-S 7.25000% 18-23.10.23 | 900 000.00 | 968 793.75 | 0.03 |
| USD | EASY TACTIC LTD-REG-S 5.87500% 17-13.02.23 | 24 525 000.00 | 23 066 253.00 | 0.63 |
| USD | EASY TACTIC LTD-REG-S 8.12500% 19-27.02.23 | 30 750 000.00 | 30 044 671.87 | 0.82 |
| USD | EASY TACTIC LTD-REG-S 8.62500% 19-27.02.24 | 4 600 000.00 | 4 324 862.50 | 0.12 |
| USD | EASY TACTIC LTD-REG-S 11.75000% 21-02.08.23 | 9 775 000.00 | 10 152 559.38 | 0.28 |
| USD | EHI CAR SERVICES LTD-REG-S 5.87500% 17-14.08.22 | 8 500 000.00 | 8 522 843.75 | 0.23 |
| USD | EHI CAR SERVICES LTD-REG-S 7.75000% 21-14.11.24 | 8 400 000.00 | 8 578 500.00 | 0.23 |
| USD | FPC RESOURCES LTD-REG-S 4.37500% 20-11.09.27 | 28 775 000.00 | 30 749 684.38 | 0.84 |
| USD | FUFENG GROUP LTD-REG-S 5.87500% 18-28.08.21 | 9 500 000.00 | 9 549 115.95 | 0.26 |
| USD | GOLDEN WHEEL TIANDI HLDGS CO LTD-REG-S 12.95000% 20-14.03.22 | 5 000 000.00 | 4 698 437.50 | 0.13 |
| USD | GREENKO DUTCH BV-REG-S 3.85000% 21-29.03.26 | 47 550 000.00 | 48 456 421.87 | 1.32 |
| USD | GREENKO INVESTMENT CO-REG-S 4.87500% 16-16.08.23 | 7 717 000.00 | 7 841 436.62 | 0.21 |
| USD | GREENKO SOLAR MAURITIUS LTD-REG-S 5.95000% 19-29.07.26 | 10 000 000.00 | 10 730 000.00 | 0.29 |
| USD | HPCL MITTAL ENERGY LTD-REG-S 5.25000% 17-28.04.27 | 9 708 000.00 | 9 913 081.50 | 0.27 |
| USD | JSW STEEL LTD-REG-S 5.25000% 17-13.04.22 | 1 000 000.00 | 1 024 250.00 | 0.03 |
| USD | JSW STEEL LTD-REG-S 5.95000% 19-18.04.24 | 6 290 000.00 | 6 743 273.12 | 0.18 |
| USD | KAISA GROUP HOLDINGS LTD-REG-S 9.37500% 17-30.06.24 | 24 100 000.00 | 23 863 518.75 | 0.65 |
| USD | KAISA GROUP HOLDINGS LTD-REG-S 11.70000% 21-11.11.25 | 21 750 000.00 | 21 913 125.00 | 0.60 |
| USD | KWG GROUP HOLDINGS LTD-REG-S 5.87500% 17-10.11.24 | 3 300 000.00 | 3 368 681.25 | 0.09 |
| USD | KWG GROUP HOLDINGS LTD-REG-S 6.00000% 21-14.08.26 | 14 725 000.00 | 14 726 472.50 | 0.40 |
| USD | KWG PROPERTY HOLDING LTD-REG-S 7.40000% 20-13.01.27 | 3 000 000.00 | 3 098 062.50 | 0.08 |
| USD | LAI FUNG BONDS-REG-S 5.65000% 18-18.01.23 | 3 830 000.00 | 3 715 086.10 | 0.10 |
| USD | LMIRT CAPITAL PTE LTD-REG-S 7.50000% 21-09.02.26 | 6 425 000.00 | 6 696 054.68 | 0.18 |
| USD | LODHA DEVELOPERS INTL LTD-REG-S 14.00000% 20-12.03.23 | 11 000 000.00 | 11 550 000.00 | 0.32 |
| USD | LOGAN GROUP CO LTD-REG-S 4.85000% 20-14.12.26 | 5 000 000.00 | 5 038 437.50 | 0.14 |
| USD | LS FINANCE 2025 LTD-REG-S 4.50000% 15-26.06.25 | 7 250 000.00 | 7 141 250.00 | 0.19 |
| USD | MARBLE II PTE LTD-REG-S 5.30000% 17-20.06.22 | 500 000.00 | 501 656.25 | 0.01 |
| USD | MELCO RESORTS FINANCE LTD-REG-S 5.25000% 19-26.04.26 | 1 000 000.00 | 1 043 719.19 | 0.03 |
| USD | MODERNLA OVE PTE LTD-REG-S *DEFAULTED* 6.95000% 17-13.04.24 | 19 625 000.00 | 7 804 617.19 | 0.21 |
| USD | NEW METRO GLOBAL LTD-REG-S 4.80000% 20-15.12.24 | 19 775 000.00 | 19 908 481.25 | 0.54 |
| USD | NWD FINANCE BVI LTD-REG-S 5.75000% 16-PRP | 1 000 000.00 | 1 003 228.50 | 0.03 |
| USD | NWD FINANCE BVI LTD-REG-S 4.80000% 20-PRP | 2 000 000.00 | 1 985 888.00 | 0.05 |
| USD | NWD MTN LTD-REG-S 4.12500% 19-18.07.29 | 11 500 000.00 | 11 841 895.00 | 0.32 |
| USD | PB INTERNATIONAL BV-REG-S 7.62500% 17-26.01.22 | 500 000.00 | 159 843.75 | 0.00 |
| USD | POWERLONG REAL ESTATE HOLDINGS-REG-S 5.95000% 20-30.04.25 | 8 000 000.00 | 8 336 500.00 | 0.23 |
| USD | PRIME BLOOM HOLDINGS LTD-REG-S 6.95000% 17-05.07.22 | 840 000.00 | 159 337.50 | 0.00 |
| USD | RENEW POWER PVT LTD-REG-S 5.87500% 20-05.03.27 | 4 450 000.00 | 4 719 225.00 | 0.13 |
| USD | RENEW POWER SYNTHETIC-REG-S 6.67000% 19-12.03.24 | 12 000 000.00 | 12 602 250.00 | 0.34 |
| USD | RKPF OVERSEAS 2019 A LTD-REG-S 6.00000% 20-04.09.25 | 19 500 000.00 | 20 237 343.75 | 0.55 |
| USD | ROYAL CAPITAL BV-REG-S 5.87500% 18-PRP | 2 835 000.00 | 2 925 011.25 | 0.08 |
| USD | SCENERY JOURNEY LTD-REG-S 13.00000% 18-06.11.22 | 2 500 000.00 | 2 341 150.00 | 0.06 |
| USD | SCENERY JOURNEY LTD-REG-S 13.75000% 18-06.11.23 | 5 000 000.00 | 4 728 125.00 | 0.13 |
| USD | SEAZEN GROUP LTD-REG-S 6.00000% 20-12.08.24 | 11 275 000.00 | 11 740 093.75 | 0.32 |
| USD | SEAZEN GROUP LTD-REG-S 4.45000% 21-13.07.25 | 11 775 000.00 | 11 642 531.25 | 0.32 |
| USD | SHIMAO PROPERTY HOLDINGS LTD-REG-S 4.75000% 17-03.07.22 | 1 000 000.00 | 1 015 187.50 | 0.03 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 7.95000% 19-11.10.23 | 9 600 000.00 | 10 102 800.00 | 0.28 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 6.50000% 20-10.01.25 | 3 500 000.00 | 3 588 593.75 | 0.10 |
| USD | THETA CAPITAL PTE LTD-REG-S 8.12500% 20-22.01.25 | 21 400 000.00 | 22 374 556.00 | 0.61 |
| USD | TIMES CHINA HOLDINGS LTD-REG-S 7.85000% 18-04.06.21 | 12 469 000.00 | 2 773 382.68 | 0.08 |
| USD | TIMES CHINA HOLDINGS LTD-REG-S 7.62500% 19-21.02.22 | 12 000 000.00 | 12 135 000.00 | 0.33 |
| USD | TIMES CHINA HOLDINGS LTD-REG-S 5.75000% 21-14.01.27 | 14 004 000.00 | 13 583 880.00 | 0.37 |
| USD | TSINGHUA UNIC LTD *DEFAULTED*-REG-S 5.37500% 18-31.01.23 | 7 475 000.00 | 2 370 042.19 | 0.06 |
| USD | VEDANTA RESOURCES FINANCE II PLC-REG-S 9.25000% 19-23.04.26 | 2 000 000.00 | 1 798 500.00 | 0.05 |
| USD | VEDANTA RESOURCES FINANCE II PLC-REG-S 8.00000% 19-23.04.23 | 15 865 000.00 | 15 233 374.68 | 0.42 |
| USD | VEDANTA RESOURCES FINANCE II PLC-REG-S 8.95000% 21-11.03.25 | 2 500 000.00 | 2 482 031.25 | 0.07 |
| USD | WANDA PROPERTIES INTERNATIONAL-REG-S 7.25000% 14-19.01.24 | 1 500 000.00 | 1 488 562.49 | 0.04 |
| USD | WANDA PROPERTIES OVERSEAS LTD-REG-S 6.95000% 19-05.12.22 | 4 000 000.00 | 3 988 250.00 | 0.11 |
| USD | WANDA PROPERTIES OVERSEAS LTD-REG-S 6.87500% 20-23.07.23 | 11 000 000.00 | 10 837 062.50 | 0.30 |
| USD | YANLORD LAND HK CO LTD-REG-S 6.75000% 18-23.04.23 | 6 000 000.00 | 6 226 125.00 | 0.17 |
| USD | YUZHOU PROPERTIES CO LTD-REG-S 8.50000% 19-04.02.23 | 1 000 000.00 | 995 000.00 | 0.03 |
| USD | YUZHOU PROPERTIES CO LTD-REG-S 8.50000% 19-26.02.24 | 4 000 000.00 | 3 860 000.00 | 0.11 |
| USD | YUZHOU PROPERTIES CO LTD-REG-S 8.30000% 19-27.05.25 | 2 525 000.00 | 2 341 937.50 | 0.06 |
| USD | ZHENRO PROPERTIES GROUP LTD-REG-S 6.63000% 21-07.01.26 | 10 450 000.00 | 9 945 787.50 | 0.27 |
| USD | ZHENRO PROPERTIES GROUP LTD-REG-S 6.70000% 21-04.08.26 | 18 000 000.00 | 17 083 125.00 | 0.47 |
| USD | ZOOMLION HK SPV CO LTD-REG-S 6.12500% 12-20.12.22 | 1 250 000.00 | 1 306 762.50 | 0.04 |
| Total USD |  |  | 912 435 034.60 | 24.88 |

Total Bonds, fixed rate	912 435 034.60	24.88
UBS (Lux) Bond SICAV – Asian High Yield (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) |  |
| Bonds, floating rate |  |  |  |
| USD |  |  |  |
| USD	AGILE GROUP HOLDINGS LTD-REG-S 7.875%/VAR 19-PRP | 28 000 000.00 | 28 766 500.00 | 0.78 |
| USD	AGILE GROUP HOLDINGS LTD-REG-S 7.750%/VAR 19-PRP | 6 000 000.00 | 6 094 875.00 | 0.17 |
| USD	BANK OF COMM HONG KONG LTD-REG-S-SUB VAR 3.725%/VAR 20-PRP | 20 000 000.00 | 20 450 000.00 | 0.56 |
| USD	BANK OF COMMUNICATIONS CO LTD-REG-S-SUB 3.800%/VAR 20-PRP | 26 143 000.00 | 26 924 022.13 | 0.73 |
| USD	BANK OF EAST ASIA LTD/THE-REG-S-SUB 5.625%/VAR 17-PRP | 2 470 000.00 | 2 522 178.75 | 0.07 |
| USD	BANK OF EAST ASIA LTD/THE-REG-S-SUB 5.875%/VAR 19-PRP | 8 322 000.00 | 8 860 100.52 | 0.24 |
| USD	BAOXIN AUTO FINANCE I LTD-REG-S 5.625%/VAR 17-PRP | 2 900 000.00 | 2 155 606.25 | 0.06 |
| USD	CHALIECO HONG KONG CORP LTD-REG-S 5.000%/VAR 19-PRP | 1 575 000.00 | 1 584 646.88 | 0.04 |
| USD	CHINA MINMETALS CORP-REG-S 3.750%/VAR 17-PRP | 500 000.00 | 506 656.25 | 0.01 |
| USD	CIFI HOLDINGS GROUP CO LTD-REG-S 5.375%/VAR 17-PRP | 12 000 000.00 | 12 163 500.00 | 0.33 |
| USD	ESTATE SKY LTD-REG-S 5.750%/VAR 17-PRP | 1 900 000.00 | 1 725 782.90 | 0.05 |
| USD	FRANSHION BRILLIANT LTD-REG-S-SUB 5.750%/VAR 17-PRP | 17 550 000.00 | 17 111 250.00 | 0.47 |
| USD	FRANSHION BRILLIANT LTD-REG-S-SUB 4.875%/VAR 17-PRP | 2 000 000.00 | 1 696 000.00 | 0.05 |
| USD	INDUSTRIAL & COMMERC BK OF CHINA-REG-S-SUB 3.580%/VAR 20-PRP | 3 410 000.00 | 3 514 005.00 | 0.10 |
| USD	KING TALENT MANAGEMENT LTD-REG-S-SUB 5.600%/VAR 17-PRP | 17 290 000.00 | 15 131 991.87 | 0.41 |
| USD	NETWORK I2I LTD-REG-S-SUB 5.650%/VAR 19-PRP | 27 375 000.00 | 29 039 742.19 | 0.79 |
| USD	NWD FINANCE BVI LTD-REG-S 5.250%/VAR 20-PRP | 11 625 000.00 | 12 438 811.61 | 0.34 |
| USD	PETRON CORP-REG-S 4.600%/VAR 18-PRP | 1 190 000.00 | 1 194 685.62 | 0.03 |
| USD	PETRON CORP-REG-S 5.950%/VAR 21-PRP | 26 925 000.00 | 28 136 625.00 | 0.77 |
| USD	POSTAL SAVINGS BANK OF CHINA-REG-S-SUB 4.500%/VAR 17-PRP | 20 725 000.00 | 21 376 542.18 | 0.58 |
| USD	RAKUTEN GROUP INC-REG-S-SUB 5.125%/VAR 21-PRP | 16 675 000.00 | 17 216 937.50 | 0.47 |
| USD	RAKUTEN GROUP INC-REG-S-SUB 6.250%/VAR 21-PRP | 26 675 000.00 | 28 575 593.75 | 0.78 |
| USD	ROYAL CAPITAL BV-REG-S 4.875%/VAR 16-PRP | 7 000 000.00 | 7 277 060.00 | 0.20 |
| USD	SHUI ON DEVELOPMENT HOLDING LTD-REG-S 6.400%/VAR 17-PRP | 5 500 000.00 | 5 576 656.25 | 0.15 |
| USD	SINO OCEAN LAND TREASURE-REG-S-SUB 4.900%/VAR 17-PRP | 24 745 000.00 | 21 726 110.00 | 0.59 |
| USD	SMC GLOBAL POWER HOLDINGS CORP-REG-S 6.500%/VAR 19-PRP | 3 500 000.00 | 3 615 500.00 | 0.10 |
| USD	SMC GLOBAL POWER HOLDINGS CORP-REG-S 5.700%/VAR 20-PRP | 3 325 000.00 | 3 380 693.75 | 0.09 |
| USD	SMC GLOBAL POWER HOLDINGS CORP-REG-S 7.000%/VAR 20-PRP | 43 200 000.00 | 46 043 100.00 | 1.26 |
| Total USD |  | 374 805 173.40 | 10.22 |
| Total Bonds, floating rate |  | 374 805 173.40 | 10.22 |
| Convertible bonds, floating rate |  |  |  |
| USD |  |  |  |
| USD	BANK OF CHINA LTD-REG-S-SUB 3.600%/VAR 20-PRP | 15 000 000.00 | 15 427 500.00 | 0.42 |
| USD	KRUNG THAI/CAYMAN ISLANDS-REG-S-SUB COCO 4.400%/VAR 21-PRP | 31 575 000.00 | 31 819 390.50 | 0.87 |
| Total USD |  | 47 246 890.50 | 1.29 |
| Total Convertible bonds, floating rate |  | 47 246 890.50 | 1.29 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 3 485 452 977.62 | 95.03 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	RONSHINE CHINA HOLDINGS LTD-REG-S 5.25000% 20-03.12.21 | 9 000 000.00 | 8 931 581.10 | 0.24 |
| Total USD |  | 8 931 581.10 | 0.24 |
| Total Notes, fixed rate |  | 8 931 581.10 | 0.24 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 8 931 581.10 | 0.24 |

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 | KAISA GROUP HOLDINGS LTD-REG-S 11.65000 21-01.06.26 | 12 250 000.00 | 12 110 634.20 | 0.33 |
| Total USD |  |  | 12 110 634.20 | 0.33 |
| Total Notes, fixed rate |  | 12 110 634.20 | 0.33 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market |  | 12 110 634.20 | 0.33 |
| Total investments in securities |  | 3 506 495 192.92 | 95.60 |
| Derivative instruments |  |  |  |
| Derivative instruments listed on an official stock exchange |  |  |  |
| Financial Futures on bonds |  |  |  |
|  |  |  |  |
| USD	US 10YR TREASURY NOTE FUTURE 21.09.21 | -1 000.00 | -203 125.00 | -0.01 |
| Total Financial Futures on bonds |  | -203 125.00 | -0.01 |
| Total Derivative instruments listed on an official stock exchange |  | -203 125.00 | -0.01 |
| Total Derivative instruments |  | -203 125.00 | -0.01 |

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

Forward Foreign Exchange contracts
Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date
| USD | 2 912 825.29 | CNH | 19 040 000.00 | 15.6.2021 | -72 970.84 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 103 220 000.00 | KRW | 116 535 380 000.00 | 15.6.2021 | -1 868 024.86 | -0.05 |
| USD | 34 407 500.00 | IDR | 503 450 540 000.00 | 15.6.2021 | -896 816.77 | -0.02 |
| USD | 34 407 500.00 | IDR | 503 450 540 000.00 | 15.6.2021 | -896 816.77 | -0.03 |
| USD | 72 225 000.00 | KRW | 81 751 477 500.00 | 15.6.2021 | -1 495 970.40 | -0.04 |
| KRW | 198 286 857 500.00 | USD | 177 498 261.15 | 15.6.2021 | 1 310 734.12 | 0.03 |
| IDR | 503 450 540 000.00 | USD | 34 207 187.37 | 15.6.2021 | 1 097 129.40 | 0.03 |
| IDR | 503 450 540 000.00 | USD | 34 207 187.37 | 15.6.2021 | 1 097 129.40 | 0.03 |
| SGD | 140 328 400.00 | USD | 105 444 905.48 | 28.6.2021 | 780 271.15 | 0.02 |
| GBP | 125 430 000.00 | USD | 177 869 636.43 | 28.6.2021 | 434 997.91 | 0.01 |
| CHF | 49 727 700.00 | USD | 55 668 534.68 | 28.6.2021 | -341 819.24 | -0.01 |
| SEK | 105 737 100.00 | USD | 12 812 479.52 | 28.6.2021 | -58 502.68 | 0.00 |
| ZAR | 15 887 400.00 | USD | 1 141 018.33 | 28.6.2021 | 13 244.71 | 0.00 |
| EUR | 432 187 300.00 | USD | 530 177 558.72 | 28.6.2021 | -1 518 933.53 | -0.04 |
| AUD | 7 617 000.00 | USD | 5 915 742.29 | 28.6.2021 | -19 144.42 | 0.00 |
| CHF | 668 500.00 | USD | 746 761.67 | 28.6.2021 | -2 992.92 | 0.00 |
| GBP | 3 888 300.00 | USD | 5 497 799.57 | 28.6.2021 | 29 601.45 | 0.00 |
| SGD | 2 287 400.00 | USD | 1 727 021.31 | 28.6.2021 | 4 484.71 | 0.00 |
| SEK | 1 550 300.00 | USD | 187 070.36 | 28.6.2021 | -73.65 | 0.00 |
| ZAR | 187 000.00 | USD | 13 519.27 | 28.6.2021 | 66.79 | 0.00 |
| EUR | 6 165 600.00 | USD | 7 521 983.29 | 28.6.2021 | 19 880.20 | 0.00 |
| AUD | 360 200.00 | USD | 278 571.48 | 1.6.2021 | 241.33 | 0.00 |
| USD | 278 597.88 | AUD | 360 200.00 | 28.6.2021 | -246.09 | 0.00 |
| Total Forward Foreign Exchange contracts | -2 384 531.00 | -0.07 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 110 877 118.15 * | 3.03 |
| Bank overdraft and other short-term liabilities | -221 122.34 | -0.01 |
| Other assets and liabilities | 53 220 849.71 | 1.46 |
| Total net assets | 3 667 784 382.44 | 100.00 |

* As at 31 May 2021, cash amounts serve as collateral for the counterparty Bank of America for an amount of USD 1 040 000.00, Citibank for an amount of USD 2 270 000.00 and Standard Chartered Bank for an amount of USD 10 000.00.
UBS (Lux) Bond SICAV – Asian High Yield (USD) Annual report and audited financial statements as of 31 May 2021

Translation (ENDE, 2021-05-31):
# UBS (Lux) Bond SICAV – Asian High Yield (USD)
| Dreijahresvergleich |  |
| --- | --- |
|  | ISIN | 31.5.2021 | 31.5.2020 | 31.5.2019 |
| Nettovermögen in USD |  | 3 667 784 382.44 | 1 293 042 503.64 | 247 306 013.74 |
| Klasse F-acc | LU0949706286 |  |  |  |
| Aktien im Umlauf |  | 430 819.4620 | 334 219.4960 | 73 426.0000 |
| Nettoinventarwert pro Aktie in USD |  | 179.53 | 160.00 | 160.00 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 179.53 | 158.11 | 160.00 |
| Klasse F-dist 2 | LU2073878949 |  |  |  |
| Aktien im Umlauf |  | 322 200.0000 | 298 000.0000 | - |
| Nettoinventarwert pro Aktie in USD |  | 105.53 | 96.92 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 105.53 | 95.78 | - |
| Klasse I-A1-acc | LU0871581103 |  |  |  |
| Aktien im Umlauf |  | 926 763.1530 | 1 639 873.6450 | 2 359.6900 |
| Nettoinventarwert pro Aktie in USD |  | 120.91 | 107.93 | 108.12 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 120.91 | 106.66 | 108.12 |
| Klasse (SEK hedged) I-A1-acc 3 | LU2191342232 |  |  |  |
| Aktien im Umlauf |  | 144 477.2350 | - | - |
| Nettoinventarwert pro Aktie in SEK |  | 758.72 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in SEK 1 |  | 758.72 | - | - |
| Klasse I-A3-acc 4 | LU2177575094 |  |  |  |
| Aktien im Umlauf |  | 3 413 187.3720 | - | - |
| Nettoinventarwert pro Aktie in USD |  | 108.85 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 108.85 | - | - |
| Klasse (EUR hedged) I-A3-acc 5 | LU2300342909 |  |  |  |
| Aktien im Umlauf |  | 523 487.6060 | - | - |
| Nettoinventarwert pro Aktie in EUR |  | 100.86 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 100.86 | - | - |
| Klasse (GBP hedged) I-A3-acc 6 | LU2177569360 |  |  |  |
| Aktien im Umlauf |  | 458 806.9630 | - | - |
| Nettoinventarwert pro Aktie in GBP |  | 108.85 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in GBP 1 |  | 108.85 | - | - |
| Klasse (GBP hedged) I-A3-dist 6 | LU2181694816 |  |  |  |
| Aktien im Umlauf |  | 700 365.2590 | - | - |
| Nettoinventarwert pro Aktie in GBP |  | 108.84 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in GBP 1 |  | 108.84 | - | - |
| Klasse I-B-acc | LU1739859327 |  |  |  |
| Aktien im Umlauf |  | 863 518.5250 | 422 930.1780 | 85 789.3520 |
| Nettoinventarwert pro Aktie in USD |  | 124.86 | 110.82 | 110.38 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 124.86 | 109.51 | 110.38 |
| Klasse (CHF hedged) I-B-acc 7 | LU2240824107 |  |  |  |
| Aktien im Umlauf Nettoinventarwert pro Aktie in CHF Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | - - - | - - - | - - - |
| Klasse (EUR hedged) I-B-acc 8 | LU2198571015 |  |  |  |
| Aktien im Umlauf |  | 203 951.0790 | - | - |
| Nettoinventarwert pro Aktie in EUR |  | 108.05 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 108.05 | - | - |
| Klasse (EUR hedged) I-B-dist 9 | LU2197080505 |  |  |  |
| Aktien im Umlauf |  | 827 247.3310 | - | - |
| Nettoinventarwert pro Aktie in EUR |  | 108.51 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 108.51 | - | - |
| Klasse (CHF hedged) I-X-acc 10 | LU2023725380 |  |  |  |
| Aktien im Umlauf |  | 100 000.0000 | - | - |
| Nettoinventarwert pro Aktie in CHF |  | 102.20 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 102.20 | - | - |
| Klasse I-X-dist | LU0883523861 |  |  |  |
| Aktien im Umlauf |  | 2 262 602.4960 | 1 378 211.2250 | 275 770.6660 |
| Nettoinventarwert pro Aktie in USD |  | 103.84 | 97.75 | 103.28 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 103.84 | 96.60 | 103.28 |
| Klasse K-1-acc | LU0725271869 |  |  |  |
| Aktien im Umlauf |  | 2.0000 | 2.4000 | 0.3000 |
| Nettoinventarwert pro Aktie in USD |  | 8 743 299.01 | 7 824 748.28 | 7 858 814.83 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 8 743 299.01 | 7 732 416.25 | 7 858 814.83 |

UBS (Lux) Bond SICAV – Asian High Yield (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
|  | ISIN | 31.5.2021 | 31.5.2020 | 31.5.2019 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Klasse K-1-mdist 11 | LU2179105015 |  |  |  |
| Aktien im Umlauf |  | 8.2000 | - | - |
| Nettoinventarwert pro Aktie in USD |  | 5 101 609.72 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 5 101 609.72 | - | - |
| Klasse K-B-mdist 12 | LU2204822782 |  |  |  |
| Aktien im Umlauf |  | 145 359.9800 | - | - |
| Nettoinventarwert pro Aktie in USD |  | 102.30 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 102.30 | - | - |
| Klasse (EUR hedged) K-B-mdist 13 | LU2204822949 |  |  |  |
| Aktien im Umlauf |  | 67 651.6710 | - | - |
| Nettoinventarwert pro Aktie in EUR |  | 101.52 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 101.52 | - | - |
| Klasse K-X-acc | LU1957417949 |  |  |  |
| Aktien im Umlauf |  | 187 021.1600 | 188 260.5750 | 99 495.3510 |
| Nettoinventarwert pro Aktie in USD |  | 114.19 | 101.28 | 100.80 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 114.19 | 100.08 | 100.80 |
| Klasse (EUR hedged) K-X-mdist 14 | LU1957417865 |  |  |  |
| Aktien im Umlauf |  | - | 47 055.6450 | 23 500.0000 |
| Nettoinventarwert pro Aktie in EUR |  | - | 91.41 | 99.70 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | - | 90.33 | 99.70 |
| Klasse P-acc | LU0626906662 |  |  |  |
| Aktien im Umlauf |  | 1 927 686.9000 | 1 028 251.1590 | 148 003.3460 |
| Nettoinventarwert pro Aktie in USD |  | 166.88 | 150.12 | 151.51 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 166.88 | 148.35 | 151.51 |
| Klasse (CHF hedged) P-acc | LU0626907470 |  |  |  |
| Aktien im Umlauf |  | 92 566.6790 | 55 632.6460 | 40 833.4360 |
| Nettoinventarwert pro Aktie in CHF |  | 142.86 | 130.06 | 135.40 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 142.86 | 128.53 | 135.40 |
| Klasse (EUR hedged) P-acc | LU0626907397 |  |  |  |
| Aktien im Umlauf |  | 455 140.8590 | 183 106.2150 | 95 846.6690 |
| Nettoinventarwert pro Aktie in EUR |  | 148.19 | 134.66 | 139.50 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 148.19 | 133.07 | 139.50 |
| Klasse P-dist | LU0725271786 |  |  |  |
| Aktien im Umlauf |  | 255 626.3050 | 142 238.6460 | 66 041.4660 |
| Nettoinventarwert pro Aktie in USD |  | 110.63 | 103.56 | 109.48 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 110.63 | 102.34 | 109.48 |
| Klasse P-mdist | LU0626906746 |  |  |  |
| Aktien im Umlauf |  | 5 815 571.5640 | 2 298 110.2570 | 154 898.1270 |
| Nettoinventarwert pro Aktie in USD |  | 90.95 | 87.46 | 94.13 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 90.95 | 86.43 | 94.13 |
| Klasse (AUD hedged) P-mdist 15 | LU2199720918 |  |  |  |
| Aktien im Umlauf |  | 74 094.3020 | - | - |
| Nettoinventarwert pro Aktie in AUD |  | 100.43 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in AUD 1 |  | 100.43 | - | - |
| Klasse (HKD) P-mdist 16 | LU2184895089 |  |  |  |
| Aktien im Umlauf |  | 174 800.4430 | - | - |
| Nettoinventarwert pro Aktie in HKD |  | 1 000.40 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in HKD 1 |  | 1 000.40 | - | - |
| Klasse (SGD hedged) P-mdist 17 | LU0626907124 |  |  |  |
| Aktien im Umlauf |  | 1 218 964.5470 | 419 262.3710 | - |
| Nettoinventarwert pro Aktie in SGD |  | 98.30 | 94.42 | - |
| Ausgabe- und Rücknahmepreis pro Aktie in SGD 1 |  | 98.30 | 93.31 | - |
| Klasse (ZAR hedged) P-mdist 18 | LU2185891624 |  |  |  |
| Aktien im Umlauf |  | 16 399.5190 | - | - |
| Nettoinventarwert pro Aktie in ZAR |  | 992.21 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in ZAR 1 |  | 992.21 | - | - |
| Klasse Q-acc | LU1240770955 |  |  |  |
| Aktien im Umlauf |  | 2 076 936.8840 | 622 481.3330 | 399 449.0500 |
| Nettoinventarwert pro Aktie in USD |  | 141.42 | 126.45 | 126.85 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 141.42 | 124.96 | 126.85 |
| Klasse (CHF hedged) Q-acc | LU1240770799 |  |  |  |
| Aktien im Umlauf |  | 220 827.0110 | 210 050.9440 | 185 396.4680 |
| Nettoinventarwert pro Aktie in CHF |  | 126.70 | 114.65 | 118.67 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 126.70 | 113.30 | 118.67 |
| Klasse (EUR hedged) Q-acc | LU1240770872 |  |  |  |
| Aktien im Umlauf |  | 1 405 132.3410 | 294 268.2270 | 98 299.5150 |
| Nettoinventarwert pro Aktie in EUR |  | 129.87 | 117.30 | 120.82 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 129.87 | 115.92 | 120.82 |
| Klasse (GBP hedged) Q-acc 6 | LU2183825921 |  |  |  |
| Aktien im Umlauf |  | 65 929.7460 | - | - |
| Nettoinventarwert pro Aktie in GBP |  | 108.47 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in GBP 1 |  | 108.47 | - | - |
| Klasse Q-dist | LU1240771094 |  |  |  |
| Aktien im Umlauf |  | 469 726.9740 | 192 054.3410 | 46 753.3500 |
| Nettoinventarwert pro Aktie in USD |  | 114.34 | 106.17 | 112.22 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 114.34 | 104.92 | 112.22 |

UBS (Lux) Bond SICAV – Asian High Yield (USD)
Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
|  | ISIN | 31.5.2021 | 31.5.2020 | 31.5.2019 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Klasse (EUR hedged) Q-dist 19 | LU2325209497 |  |  |  |
| Aktien im Umlauf |  | 242 331.0000 | - | - |
| Nettoinventarwert pro Aktie in EUR |  | 101.62 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 101.62 | - | - |
| Klasse (GBP hedged) Q-dist 20 | LU2270292001 |  |  |  |
| Aktien im Umlauf |  | 597.1200 | - | - |
| Nettoinventarwert pro Aktie in GBP |  | 102.48 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in GBP 1 |  | 102.48 | - | - |
| Klasse Q-mdist | LU1240771177 |  |  |  |
| Aktien im Umlauf |  | 2 653 298.7250 | 1 654 829.7440 | 21 772.1490 |
| Nettoinventarwert pro Aktie in USD |  | 100.71 | 96.24 | 102.99 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 100.71 | 95.10 | 102.99 |
| Klasse (SGD hedged) Q-mdist 21 | LU2181965513 |  |  |  |
| Aktien im Umlauf |  | 263 706.2490 | - | - |
| Nettoinventarwert pro Aktie in SGD |  | 102.24 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in SGD 1 |  | 102.24 | - | - |
| Klasse U-X-acc | LU0626906829 |  |  |  |
| Aktien im Umlauf |  | 15 279.0000 | 4 824.0000 | 2 172.0000 |
| Nettoinventarwert pro Aktie in USD |  | 12 766.21 | 11 317.92 | 11 259.59 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 12 766.21 | 11 184.37 | 11 259.59 |
| 1  Siehe Erläuterung 1 2  Erste NAV 14.11.2019 3  Erste NAV 6.7.2020 4  Erste NAV 10.6.2020 5  Erste NAV 2.3.2021 6  Erste NAV 24.6.2020 7  Für die Periode vom 13.10.2020 bis zum 30.4.2021 war die Aktienklasse (CHF hedged) I-B-acc im Umlauf 8  Erste NAV 16.7.2020 9  Erste NAV 30.6.2020 10  Erste NAV 21.1.2021 11  Erste NAV 12.6.2020 12  Erste NAV 31.7.2020 13  Erste NAV 7.8.2020 14  Die Aktienklasse (EUR hedged) K-X-mdist war bis zum 12.8.2020 im Umlauf 15  Erste NAV 5.8.2020 16  Erste NAV 17.8.2020 17  Erste NAV 2.9.2019 18  Erste NAV 22.9.2020 19  Erste NAV 14.4.2021 20  Erste NAV 17.12.2020 21  Erste NAV 9.6.2020 |  |  |  |  |
| Performance |  |  |  |  |
|  | Währung | 2020/2021 | 2019/2020 | 2018/2019 |
| Klasse F-acc | USD | 13.5% | -1.2% | 10.8% |
| Klasse F-dist | USD | 13.5% | - | - |
| Klasse I-A1-acc | USD | 12.0% | -0.2% | 10.6% |
| Klasse (SEK hedged) I-A1-acc 1 | SEK | - | - | - |
| Klasse I-A3-acc 1 | USD | - | - | - |
| Klasse (EUR hedged) I-A3-acc 1 | EUR | - | - | - |
| Klasse (GBP hedged) I-A3-acc 1 | GBP | - | - | - |
| Klasse (GBP hedged) I-A3-dist 1 | GBP | - | - | - |
| Klasse I-B-acc | USD | 12.7% | 0.4% | 11.3% |
| Klasse (CHF hedged) I-B-acc 2 | CHF | - | - | - |
| Klasse (EUR hedged) I-B-acc 1 | EUR | - | - | - |
| Klasse (EUR hedged) I-B-dist 1 | EUR | - | - | - |
| Klasse (CHF hedged) I-X-acc 1 | CHF | - | - | - |
| Klasse I-X-dist | USD | 12.8% | 0.5% | 11.4% |
| Klasse K-1-acc | USD | 13.1% | -1.6% | 10.4% |
| Klasse K-1-mdist 1 | USD | - | - | - |
| Klasse K-B-mdist 1 | USD | - | - | - |
| Klasse (EUR hedged) K-B-mdist 1 | EUR | - | - | - |
| Klasse K-X-acc | USD | 14.1% | -0.7% | - |
| Klasse (EUR hedged) K-X-mdist 3 | EUR | - | -3.3% | - |
| Klasse P-acc | USD | 12.5% | -2.1% | 9.8% |
| Klasse (CHF hedged) P-acc | CHF | 11.1% | -5.1% | 6.3% |
| Klasse (EUR hedged) P-acc | EUR | 11.4% | -4.6% | 6.7% |
| Klasse P-dist | USD | 12.5% | -2.1% | 9.8% |
| Klasse P-mdist | USD | 12.5% | -2.1% | 9.8% |
| Klasse (AUD hedged) P-mdist 1 | AUD | - | - | - |
| Klasse (HKD) P-mdist 1 | HKD | - | - | - |
| Klasse (SGD hedged) P-mdist | SGD | 12.3% | - | - |
| Klasse (ZAR hedged) P-mdist 1 | ZAR | - | - | - |
| Klasse Q-acc | USD | 13.2% | -1.5% | 10.5% |
| Klasse (CHF hedged) Q-acc | CHF | 11.8% | -4.5% | 6.9% |
| Klasse (EUR hedged) Q-acc | EUR | 12.0% | -4.1% | 7.4% |
| Klasse (GBP hedged) Q-acc 1 | GBP | - | - | - |
| Klasse Q-dist | USD | 13.2% | -1.5% | 10.5% |
| Klasse (EUR hedged) Q-dist 1 | EUR | - | - | - |
| Klasse (GBP hedged) Q-dist 1 | GBP | - | - | - |
| Klasse Q-mdist | USD | 13.2% | -1.5% | - |
| Klasse (SGD hedged) Q-mdist 1 | SGD | - | - | - |
| Klasse U-X-acc | USD | 12.8% | 0.5% | - |

UBS (Lux) Bond SICAV – Asian High Yield (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
|  | Währung | 2020/2021 | 2019/2020 | 2018/2019 |
| --- | --- | --- | --- | --- |
| Benchmark: JP Morgan Asian Credit Non-Investment Grade Index | USD | 13.7% | -1.4% | 8.1% |
| JP Morgan Asian Credit Non-Investment Grade Index (hedged SEK) | SEK | - | - | - |
| JP Morgan Asian Credit Non-Investment Grade Index (hedged EUR) | EUR | 12.4% | -3.9% | 4.9% |
| JP Morgan Asian Credit Non-Investment Grade Index (hedged GBP) | GBP | - | - | - |
| JP Morgan Asian Credit Non-Investment Grade Index (hedged CHF) | CHF | 12.1% | -4.2% | 4.4% |
| JP Morgan Asian Credit Non-Investment Grade Index (hedged AUD) | AUD | - | - | - |
| JP Morgan Asian Credit Non-Investment Grade Index | HKD | - | - | - |
| JP Morgan Asian Credit Non-Investment Grade Index (hedged SGD) | SGD | 13.5% | - | - |
| JP Morgan Asian Credit Non-Investment Grade Index (hedged ZAR) | ZAR | - | - | - |
| 1  Auf Grund der Neulancierung liegen keine Daten für die Berechnung der Performance vor. |  |  |  |  |

2 
Für die Periode vom 13.10.2020 bis zum 30.4.2021 war die Aktienklasse (CHF hedged) I-B-acc im Umlauf. Auf Grund dessen liegen keine Daten für die Berechnung der Performance im Jahr 2021 vor.
3 
Die Aktienklasse (EUR hedged) K-X-mdist war bis zum 12.8.2020 im Umlauf. Auf Grund dessen liegen keine Daten für die Berechnung der Performance im Jahr 2021 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 – Asian High Yield (USD)
Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021

## Bericht des Portfolio Managers
Im Berichtsjahr vom 1. Juni 2020 bis zum 31. Mai 2021 war der Gesamtertrag des Marktes für asiatische Hochzinsan- leihen in USD positiv, da sich die Risikoprämien dank der umfassenden Interventionen von Zentralbanken erheb- lich verengten. Zusätzlich wurde der Markt nach den Ver- werfungen im ersten Quartal des Jahres 2020 aufgrund der beispiellosen Covid-19-Situation durch finanzpoliti- sche Impulse unterstützt. Im dritten Quartal 2020 ent- wickelten sich die asiatischen Kreditmärkte positiv. Diese Entwicklung wurde von der Hoffnung auf eine Erholung, der optimistischen Marktstimmung und fiskalpolitischen Interventionen in aller Welt getragen. Vor allem China hatte in Bezug auf die Konjunkturerholung nach den schweren Marktstörungen zu Beginn des Jahres 2020 einen Vorsprung gegenüber den anderen Ländern. Die fortgesetzten politischen Spannungen zwischen China und den USA sorgten indes für eine erhöhte Volatilität an den Märkten. Die Renditen chinesischer Staatsanlei- hen standen im gesamten dritten Quartal unter Druck, da der Ausblick der People’s Bank of China (PBoC) nicht so moderat ausfiel wie von den Märkten erhofft. Die asi- atischen Hochzinsmärkte beendeten das vierte Quartal mit einem deutlichen Plus, da sie durch positive Impf- stoffmeldungen, die fortgesetzt starke Konjunkturerho- lung in China und die Verabschiedung eines USD 2300 Mrd. schweren Konjunkturpakets in den USA Rücken- wind erhielten. Im ersten Quartal 2021 entwickeln sich asiatische Kredittitel mit Non-Investment-Grade-Rating positiv, obwohl die Renditen von US-Treasuries stiegen und an den chinesischen Kreditmärkten ein volatiles Marktumfeld herrscht. Letzteres war auf die Unsicherheit über chinesische Quasi-Staatsanleihen und Meldungen zu chinesischen Immobilienentwicklern in Verbindung mit neuen Regulierungsbestimmungen zurückzuführen.
Der Fonds erzielte im Berichtszeitraum ein Plus von 12.74%. Die grössten positiven Performancebei- träge leisteten unsere Allokation in chinesischen Immobilienentwicklern und die Untergewichtung in Quasi-Staatsanleihen. Die vorsichtige Positionierung in Finanzierungsinstrumenten lokaler Verwaltungen (LGFVs) und Quasi-Staatsanleihen kam der Performance zugute, da sich die Risikoprämien in diesem Bereich aus- weiteten, nachdem es zu Zahlungsausfällen bei lokalen Staatsunternehmen gekommen war. Die grössten Nega- tivfaktoren waren die Währungspositionierung und die Untergewichtung im Kreditbeta im zweiten und dritten Quartal 2020. Vor allem die Untergewichtung in Hoch- zins-Staatsanleihen schlug negativ zu Buche, da die Titel von Emittenten wie Sri Lanka nach dem massiven Ein- bruch vom März 2020 wieder steil stiegen. Im Rahmen des Durationsmanagements hielten wir im zweiten und dritten Quartal 2020 Long-Positionen in CNY-Duration. Dies beeinträchtigte die Performance, da die chinesischen Staatsanleihenrenditen stiegen. Andererseits hielten wir eine kurze USD-Duration im Vergleich zur Benchmark, da wir angesichts der starken Belebung der Wirtschaftsakti- vität und der fiskalpolitischen Impulse mit höheren
Treasury-Renditen rechneten. Dies kam der Performance im Berichtszeitraum zugute. Unter fundamentalen Gesichtspunkten erholten sich die Bonitätskennzahlen asiatischer Hochzins-Unternehmensanleihen im Laufe des Jahres 2020 von den wirtschaftlichen Störungen im ersten Quartal. Die Anlegernachfrage nach Renditen und Erträgen ist nach wie vor gross. Dies schafft einen vor- teilhaften technischen Hintergrund für asiatische Hoch- zinsanleihen.

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| China | 22.83 |
| --- | --- |
| Cayman-Inseln | 15.74 |
| Indien | 11.23 |
| Britische Jungferninseln | 10.33 |
| Hongkong | 10.02 |
| Philippinen | 4.00 |
| Singapur | 3.75 |
| Grossbritannien | 2.76 |
| Thailand | 2.21 |
| Sri Lanka | 2.18 |
| Niederlande | 1.60 |
| Indonesien | 1.58 |
| Macau | 1.55 |
| Vereinigte Staaten | 1.34 |
| Japan | 1.25 |
| Mauritius | 1.23 |
| Vereinigte Arabische Emirate | 0.80 |
| Pakistan | 0.52 |
| Vietnam | 0.52 |
| Mongolei | 0.06 |
| Chile | 0.04 |
| Südkorea | 0.03 |
| Australien | 0.03 |
| Total | 95.60 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
| Immobilien | 30.19 |
| --- | --- |
| Finanz- & Beteiligungsgesellschaften | 18.56 |
| Banken & Kreditinstitute | 10.44 |
| Baugewerbe & Baumaterial | 8.03 |
| Energie- & Wasserversorgung | 6.84 |
| Gastgewerbe & Freizeit | 2.94 |
| Bergbau, Kohle & Stahl | 2.92 |
| Diverse Dienstleistungen | 2.89 |
| Länder- & Zentralregierungen | 2.68 |
| Verkehr & Transport | 1.81 |
| Detailhandel, Warenhäuser | 1.41 |
| Telekommunikation | 1.39 |
| Erdöl | 1.28 |
| Maschinen & Apparate | 1.10 |
| Diverse nicht klassierte Gesellschaften | 0.93 |
| Pfandbriefinstitute & Refinanzierungsgesellschaften | 0.90 |
| Internet, Software & IT-Dienste | 0.79 |
| Biotechnologie | 0.26 |
| Elektronik & Halbleiter | 0.06 |
| Nichteisenmetalle | 0.04 |
| Pharmazeutik, Kosmetik & medizinische Produkte | 0.03 |
| Flugzeug- & Raumfahrtindustrie | 0.03 |
| Gummi & Reifen | 0.03 |
| Gesundheits- & Sozialwesen | 0.03 |
| Diverse Handelsfirmen | 0.01 |
| Elektrische Geräte & Komponenten | 0.01 |
| Total | 95.60 |

UBS (Lux) Bond SICAV – Asian High Yield (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021

## Nettovermögensaufstellung
Aktiva	31.5.2021
USD
Wertpapierbestand, Einstandswert	3 493 227 085.64
Wertpapierbestand, nicht realisierte Werterhöhung (-minderung)		13 268 107.28	
Total Wertpapierbestand (Erläuterung 1)	3 506 495 192.92
Bankguthaben, Sicht- und Fristgelder	110 673 998.15*
Andere liquide Mittel (Margins)	203 120.00
Forderungen aus Wertpapierverkäufen (Erläuterung 1)	21 231 805.83
Forderungen aus Zeichnungen	15 074 755.66
Zinsforderungen aus Wertpapieren	56 213 867.53
Total Aktiva	3 713 150 931.93
Passiva
Sonstige Forderungen	3 258 191.84
Nicht realisierter Kursverlust aus Finanzterminkontrakten (Erläuterung 1)	-203 125.00
Nicht realisierter Kursverlust aus Devisenterminkontrakten (Erläuterung 1)	-2 384 531.00
Kontokorrentkredit	-221 122.34
Zinsverbindlichkeiten aus Kontokorrentkredit	-287.42
Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1)	-12 250 000.00
Verbindlichkeiten aus Rücknahmen	-26 344 992.75
Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2)	-3 532 731.75
Rückstellungen für Abonnementsabgabe (Erläuterung 3)	-204 237.36
Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2)		-225 521.87		 Total Rückstellungen für Aufwendungen			-3 962 490.98
Total Passiva	-45 366 549.49
Nettovermögen am Ende des Geschäftsjahres	3 667 784 382.44

## Ertrags- und Aufwandsrechnung
Erträge	1.6.2020-31.5.2021
USD
Zinsertrag auf liquide Mittel	21 320.35
Zinsen auf Wertpapiere	156 279 238.24
Erträge aus Securities Lending (Erläuterung 16)	963 698.73
Total Erträge	164 292 200.44
Aufwendungen
Sonstige Erträge (Erläuterung 4)	7 027 943.12
Pauschale Verwaltungskommission (Erläuterung 2)	-21 375 725.66
Abonnementsabgabe (Erläuterung 3)	-1 024 920.85
Kosten aus Securities Lending (Erläuterung 16)	-385 479.49
Sonstige Kommissionen und Gebühren (Erläuterung 2)	-220 414.15
Nettoerträge (-verluste) aus Anlagen	141 230 323.64
Total Aufwendungen	-23 061 876.80
Zinsaufwand auf liquide Mittel und Kontokorrentkredit	-55 336.65
Realisierte Gewinne (Verluste) (Erläuterung 1)
Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen	20 064 830.07
Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten	12 270 860.50
Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten	23 960 852.81
Realisierter Nettogewinn (-verlust) des Geschäftsjahres	202 987 275.92
Total der realisierten Gewinne (Verluste)	61 756 952.28
Realisierter Währungsgewinn (-verlust)	5 460 408.90
Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1)
Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen	92 581 955.78
Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten	-203 125.00
Total der Veränderungen der nicht realisierten Werterhöhung (-minderung)	87 599 071.11
Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten	-4 779 759.67
Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit	290 586 347.03
* Zum 31. Mai 2021 wurden gegenüber Bank of America Bankguthaben in Höhe von USD 1 040 000.00, Citibank Bankguthaben in Höhe von USD 2 270 000.00 und Standard Chartered Bank Bankguthaben in Höhe von USD 10 000.00 als Sicherheit eingesetzt.
UBS (Lux) Bond SICAV – Asian High Yield (USD)
Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
| Veränderung des Nettovermögens |  |
| --- | --- |
|  | USD |
|  | 1.6.2020-31.5.2021 |
| Nettovermögen zu Beginn des Geschäftsjahres | 1 293 042 503.64 |
| Zeichnungen | 3 175 424 728.34 |
| Rücknahmen | 	-1 025 931 080.59	 |
| Total Mittelzufluss (-abfluss) | 2 149 493 647.75 |
| Ausbezahlte Dividende | -65 338 115.98 |
| Nettoerträge (-verluste) aus Anlagen | 141 230 323.64 |
| Total der realisierten Gewinne (Verluste) | 61 756 952.28 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	87 599 071.11	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 290 586 347.03 |
| Nettovermögen am Ende des Geschäftsjahres | 3 667 784 382.44 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2020-31.5.2021 |
| Klasse | F-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 334 219.4960 |
| Anzahl der ausgegebenen Aktien | 183 598.4880 |
| Anzahl der zurückgegebenen Aktien | -86 998.5220 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 430 819.4620 |
| Klasse | F-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 298 000.0000 |
| Anzahl der ausgegebenen Aktien | 234 300.0000 |
| Anzahl der zurückgegebenen Aktien | -210 100.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 322 200.0000 |
| Klasse | I-A1-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 1 639 873.6450 |
| Anzahl der ausgegebenen Aktien | 2 468 380.7230 |
| Anzahl der zurückgegebenen Aktien | -3 181 491.2150 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 926 763.1530 |
| Klasse | (SEK hedged) I-A1-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 222 893.8750 |
| Anzahl der zurückgegebenen Aktien | -78 416.6400 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 144 477.2350 |
| Klasse | I-A3-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 3 774 335.1500 |
| Anzahl der zurückgegebenen Aktien | -361 147.7780 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 3 413 187.3720 |
| Klasse | (EUR hedged) I-A3-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 537 512.8490 |
| Anzahl der zurückgegebenen Aktien | -14 025.2430 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 523 487.6060 |
| Klasse | (GBP hedged) I-A3-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 476 903.6810 |
| Anzahl der zurückgegebenen Aktien | -18 096.7180 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 458 806.9630 |
| Klasse | (GBP hedged) I-A3-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 746 326.3310 |
| Anzahl der zurückgegebenen Aktien | -45 961.0720 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 700 365.2590 |
| Klasse | I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 422 930.1780 |
| Anzahl der ausgegebenen Aktien | 532 230.3470 |
| Anzahl der zurückgegebenen Aktien | -91 642.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 863 518.5250 |
| Klasse | (CHF hedged) I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 41 883.7170 |
| Anzahl der zurückgegebenen Aktien | -41 883.7170 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 0.0000 |
| Klasse | (EUR hedged) I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 204 551.0790 |
| Anzahl der zurückgegebenen Aktien | -600.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 203 951.0790 |
| Klasse | (EUR hedged) I-B-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 831 146.7270 |
| Anzahl der zurückgegebenen Aktien | -3 899.3960 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 827 247.3310 |

UBS (Lux) Bond SICAV – Asian High Yield (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
| Klasse | (CHF hedged) I-X-acc |
| --- | --- |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 100 000.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 100 000.0000 |
| Klasse | I-X-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 1 378 211.2250 |
| Anzahl der ausgegebenen Aktien | 926 447.8420 |
| Anzahl der zurückgegebenen Aktien | -42 056.5710 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 2 262 602.4960 |
| Klasse | K-1-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 2.4000 |
| Anzahl der ausgegebenen Aktien | 1.0000 |
| Anzahl der zurückgegebenen Aktien | -1.4000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 2.0000 |
| Klasse | K-1-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 8.2000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 8.2000 |
| Klasse | K-B-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 145 359.9800 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 145 359.9800 |
| Klasse | (EUR hedged) K-B-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 67 651.6710 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 67 651.6710 |
| Klasse | K-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 188 260.5750 |
| Anzahl der ausgegebenen Aktien | 88 819.4840 |
| Anzahl der zurückgegebenen Aktien | -90 058.8990 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 187 021.1600 |
| Klasse | (EUR hedged) K-X-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 47 055.6450 |
| Anzahl der ausgegebenen Aktien | 24 113.1710 |
| Anzahl der zurückgegebenen Aktien | -71 168.8160 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 0.0000 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 1 028 251.1590 |
| Anzahl der ausgegebenen Aktien | 1 394 992.5300 |
| Anzahl der zurückgegebenen Aktien | -495 556.7890 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 1 927 686.9000 |
| Klasse | (CHF hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 55 632.6460 |
| Anzahl der ausgegebenen Aktien | 45 128.5620 |
| Anzahl der zurückgegebenen Aktien | -8 194.5290 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 92 566.6790 |
| Klasse | (EUR hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 183 106.2150 |
| Anzahl der ausgegebenen Aktien | 374 883.5610 |
| Anzahl der zurückgegebenen Aktien | -102 848.9170 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 455 140.8590 |
| Klasse | P-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 142 238.6460 |
| Anzahl der ausgegebenen Aktien | 188 935.2340 |
| Anzahl der zurückgegebenen Aktien | -75 547.5750 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 255 626.3050 |
| Klasse | P-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 2 298 110.2570 |
| Anzahl der ausgegebenen Aktien | 4 593 911.7450 |
| Anzahl der zurückgegebenen Aktien | -1 076 450.4380 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 5 815 571.5640 |
| Klasse | (AUD hedged) P-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 87 978.5660 |
| Anzahl der zurückgegebenen Aktien | -13 884.2640 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 74 094.3020 |
| Klasse | (HKD) P-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 215 574.3830 |
| Anzahl der zurückgegebenen Aktien | -40 773.9400 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 174 800.4430 |
| Klasse | (SGD hedged) P-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 419 262.3710 |
| Anzahl der ausgegebenen Aktien | 967 751.9370 |
| Anzahl der zurückgegebenen Aktien | -168 049.7610 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 1 218 964.5470 |

UBS (Lux) Bond SICAV – Asian High Yield (USD)
Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
| Klasse |  |  | (ZAR hedged) P-mdist |
| --- | --- | --- | --- |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  |  | 0.0000 |
| Anzahl der ausgegebenen Aktien |  |  | 16 425.3990 |
| Anzahl der zurückgegebenen Aktien |  |  | -25.8800 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  |  | 16 399.5190 |
| Klasse |  |  | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  |  | 622 481.3330 |
| Anzahl der ausgegebenen Aktien |  |  | 1 843 581.7070 |
| Anzahl der zurückgegebenen Aktien |  |  | -389 126.1560 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  |  | 2 076 936.8840 |
| Klasse |  |  | (CHF hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  |  | 210 050.9440 |
| Anzahl der ausgegebenen Aktien |  |  | 80 099.3550 |
| Anzahl der zurückgegebenen Aktien |  |  | -69 323.2880 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  |  | 220 827.0110 |
| Klasse |  |  | (EUR hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  |  | 294 268.2270 |
| Anzahl der ausgegebenen Aktien |  |  | 1 570 377.9910 |
| Anzahl der zurückgegebenen Aktien |  |  | -459 513.8770 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  |  | 1 405 132.3410 |
| Klasse |  |  | (GBP hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  |  | 0.0000 |
| Anzahl der ausgegebenen Aktien |  |  | 74 565.4620 |
| Anzahl der zurückgegebenen Aktien |  |  | -8 635.7160 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  |  | 65 929.7460 |
| Klasse |  |  | Q-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  |  | 192 054.3410 |
| Anzahl der ausgegebenen Aktien |  |  | 384 673.6240 |
| Anzahl der zurückgegebenen Aktien |  |  | -107 000.9910 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  |  | 469 726.9740 |
| Klasse |  |  | (EUR hedged) Q-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  |  | 0.0000 |
| Anzahl der ausgegebenen Aktien |  |  | 244 086.0000 |
| Anzahl der zurückgegebenen Aktien |  |  | -1 755.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  |  | 242 331.0000 |
| Klasse |  |  | (GBP hedged) Q-dist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  |  | 0.0000 |
| Anzahl der ausgegebenen Aktien |  |  | 857.3610 |
| Anzahl der zurückgegebenen Aktien |  |  | -260.2410 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  |  | 597.1200 |
| Klasse |  |  | Q-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  |  | 1 654 829.7440 |
| Anzahl der ausgegebenen Aktien |  |  | 1 621 609.6590 |
| Anzahl der zurückgegebenen Aktien |  |  | -623 140.6780 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  |  | 2 653 298.7250 |
| Klasse |  |  | (SGD hedged) Q-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  |  | 0.0000 |
| Anzahl der ausgegebenen Aktien |  |  | 278 240.4900 |
| Anzahl der zurückgegebenen Aktien |  |  | -14 534.2410 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  |  | 263 706.2490 |
| Klasse |  |  | U-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres |  |  | 4 824.0000 |
| Anzahl der ausgegebenen Aktien |  |  | 18 320.0000 |
| Anzahl der zurückgegebenen Aktien |  |  | -7 865.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres |  |  | 15 279.0000 |
| Jährliche Ausschüttung 1 |  |  |  |
| UBS (Lux) Bond SICAV – Asian High Yield (USD)	Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| F-dist	3.8.2020 | 6.8.2020 | USD | 3.00 |
| I-X-dist	3.8.2020 | 6.8.2020 | USD | 5.97 |
| P-dist	3.8.2020 | 6.8.2020 | USD | 4.23 |
| Q-dist	3.8.2020 | 6.8.2020 | USD | 4.13 |
| Monatliche Ausschüttung 1 |  |  |  |
| UBS (Lux) Bond SICAV – Asian High Yield (USD)	Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| K-1-mdist	15.7.2020 | 20.7.2020 | USD | 26 803.15 |
| K-1-mdist	17.8.2020 | 20.8.2020 | USD | 26 538.33 |
| K-1-mdist	15.9.2020 | 18.9.2020 | USD | 28 591.94 |
| K-1-mdist	15.10.2020 | 20.10.2020 | USD | 28 003.49 |
| K-1-mdist	16.11.2020 | 19.11.2020 | USD | 28 098.97 |
| K-1-mdist	15.12.2020 | 18.12.2020 | USD | 28 651.45 |
| K-1-mdist	15.1.2021 | 20.1.2021 | USD | 28 968.64 |
| K-1-mdist	15.2.2021 | 18.2.2021 | USD | 28 680.91 |
| K-1-mdist	15.3.2021 | 18.3.2021 | USD | 28 569.76 |
| K-1-mdist	15.4.2021 | 20.4.2021 | USD | 28 385.98 |
| 1  Siehe Erläuterung 5 |  |  |  |

UBS (Lux) Bond SICAV – Asian High Yield (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
| UBS (Lux) Bond SICAV – Asian High Yield (USD) | Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| --- | --- | --- | --- | --- |
| K-1-mdist | 17.5.2021 | 20.5.2021 | USD | 28 469.70 |
| K-B-mdist | 15.9.2020 | 18.9.2020 | USD | 0.57 |
| K-B-mdist | 15.10.2020 | 20.10.2020 | USD | 0.56 |
| K-B-mdist | 16.11.2020 | 19.11.2020 | USD | 0.56 |
| K-B-mdist | 15.12.2020 | 18.12.2020 | USD | 0.57 |
| K-B-mdist | 15.1.2021 | 20.1.2021 | USD | 0.58 |
| K-B-mdist | 15.2.2021 | 18.2.2021 | USD | 0.57 |
| K-B-mdist | 15.3.2021 | 18.3.2021 | USD | 0.57 |
| K-B-mdist | 15.4.2021 | 20.4.2021 | USD | 0.57 |
| K-B-mdist | 17.5.2021 | 20.5.2021 | USD | 0.57 |
| (EUR hedged) K-B-mdist | 15.9.2020 | 18.9.2020 | EUR | 0.49 |
| (EUR hedged) K-B-mdist | 15.10.2020 | 20.10.2020 | EUR | 0.49 |
| (EUR hedged) K-B-mdist | 16.11.2020 | 19.11.2020 | EUR | 0.49 |
| (EUR hedged) K-B-mdist | 15.12.2020 | 18.12.2020 | EUR | 0.49 |
| (EUR hedged) K-B-mdist | 15.1.2021 | 20.1.2021 | EUR | 0.50 |
| (EUR hedged) K-B-mdist | 15.2.2021 | 18.2.2021 | EUR | 0.50 |
| (EUR hedged) K-B-mdist | 15.3.2021 | 18.3.2021 | EUR | 0.50 |
| (EUR hedged) K-B-mdist | 15.4.2021 | 20.4.2021 | EUR | 0.49 |
| (EUR hedged) K-B-mdist | 17.5.2021 | 20.5.2021 | EUR | 0.50 |
| (EUR hedged) K-X-mdist | 15.6.2020 | 18.6.2020 | EUR | 0.53 |
| (EUR hedged) K-X-mdist | 15.7.2020 | 20.7.2020 | EUR | 0.50 |
| P-mdist | 15.6.2020 | 18.6.2020 | USD | 0.50 |
| P-mdist | 15.7.2020 | 20.7.2020 | USD | 0.48 |
| P-mdist | 17.8.2020 | 20.8.2020 | USD | 0.48 |
| P-mdist | 15.9.2020 | 18.9.2020 | USD | 0.51 |
| P-mdist | 15.10.2020 | 20.10.2020 | USD | 0.50 |
| P-mdist | 16.11.2020 | 19.11.2020 | USD | 0.50 |
| P-mdist | 15.12.2020 | 18.12.2020 | USD | 0.51 |
| P-mdist | 15.1.2021 | 20.1.2021 | USD | 0.51 |
| P-mdist | 15.2.2021 | 18.2.2021 | USD | 0.51 |
| P-mdist | 15.3.2021 | 18.3.2021 | USD | 0.51 |
| P-mdist | 15.4.2021 | 20.4.2021 | USD | 0.51 |
| P-mdist | 17.5.2021 | 20.5.2021 | USD | 0.51 |
| (AUD hedged) P-mdist | 15.9.2020 | 18.9.2020 | AUD | 0.56 |
| (AUD hedged) P-mdist | 15.10.2020 | 20.10.2020 | AUD | 0.54 |
| (AUD hedged) P-mdist | 16.11.2020 | 19.11.2020 | AUD | 0.54 |
| (AUD hedged) P-mdist | 15.12.2020 | 18.12.2020 | AUD | 0.55 |
| (AUD hedged) P-mdist | 15.1.2021 | 20.1.2021 | AUD | 0.56 |
| (AUD hedged) P-mdist | 15.2.2021 | 18.2.2021 | AUD | 0.55 |
| (AUD hedged) P-mdist | 15.3.2021 | 18.3.2021 | AUD | 0.55 |
| (AUD hedged) P-mdist | 15.4.2021 | 20.4.2021 | AUD | 0.55 |
| (AUD hedged) P-mdist | 17.5.2021 | 20.5.2021 | AUD | 0.55 |
| (HKD) P-mdist | 15.9.2020 | 18.9.2020 | HKD | 5.51 |
| (HKD) P-mdist | 15.10.2020 | 20.10.2020 | HKD | 5.40 |
| (HKD) P-mdist | 16.11.2020 | 19.11.2020 | HKD | 5.39 |
| (HKD) P-mdist | 15.12.2020 | 18.12.2020 | HKD | 5.50 |
| (HKD) P-mdist | 15.1.2021 | 20.1.2021 | HKD | 5.56 |
| (HKD) P-mdist | 15.2.2021 | 18.2.2021 | HKD | 5.50 |
| (HKD) P-mdist | 15.3.2021 | 18.3.2021 | HKD | 5.51 |
| (HKD) P-mdist | 15.4.2021 | 20.4.2021 | HKD | 5.49 |
| (HKD) P-mdist | 17.5.2021 | 20.5.2021 | HKD | 5.50 |
| (SGD hedged) P-mdist | 15.6.2020 | 18.6.2020 | SGD | 0.50 |
| (SGD hedged) P-mdist | 15.7.2020 | 20.7.2020 | SGD | 0.50 |
| (SGD hedged) P-mdist | 17.8.2020 | 20.8.2020 | SGD | 0.50 |
| (SGD hedged) P-mdist | 15.9.2020 | 18.9.2020 | SGD | 0.53 |
| (SGD hedged) P-mdist | 15.10.2020 | 20.10.2020 | SGD | 0.52 |
| (SGD hedged) P-mdist | 16.11.2020 | 19.11.2020 | SGD | 0.52 |
| (SGD hedged) P-mdist | 15.12.2020 | 18.12.2020 | SGD | 0.53 |
| (SGD hedged) P-mdist | 15.1.2021 | 20.1.2021 | SGD | 0.53 |
| (SGD hedged) P-mdist | 15.2.2021 | 18.2.2021 | SGD | 0.53 |
| (SGD hedged) P-mdist | 15.3.2021 | 18.3.2021 | SGD | 0.53 |
| (SGD hedged) P-mdist | 15.4.2021 | 20.4.2021 | SGD | 0.53 |
| (SGD hedged) P-mdist | 17.5.2021 | 20.5.2021 | SGD | 0.53 |
| (ZAR hedged) P-mdist | 15.10.2020 | 20.10.2020 | ZAR | 9.51 |
| (ZAR hedged) P-mdist | 16.11.2020 | 19.11.2020 | ZAR | 9.49 |
| (ZAR hedged) P-mdist | 15.12.2020 | 18.12.2020 | ZAR | 9.65 |
| (ZAR hedged) P-mdist | 15.1.2021 | 20.1.2021 | ZAR | 9.74 |
| (ZAR hedged) P-mdist | 15.2.2021 | 18.2.2021 | ZAR | 9.65 |
| (ZAR hedged) P-mdist | 15.3.2021 | 18.3.2021 | ZAR | 9.66 |
| (ZAR hedged) P-mdist | 15.4.2021 | 20.4.2021 | ZAR | 9.60 |
| (ZAR hedged) P-mdist | 17.5.2021 | 20.5.2021 | ZAR | 9.61 |
| Q-mdist | 15.6.2020 | 18.6.2020 | USD | 0.55 |
| Q-mdist | 15.7.2020 | 20.7.2020 | USD | 0.53 |
| Q-mdist | 17.8.2020 | 20.8.2020 | USD | 0.53 |
| Q-mdist | 15.9.2020 | 18.9.2020 | USD | 0.56 |
| Q-mdist | 15.10.2020 | 20.10.2020 | USD | 0.55 |
| Q-mdist | 16.11.2020 | 19.11.2020 | USD | 0.55 |
| Q-mdist | 15.12.2020 | 18.12.2020 | USD | 0.56 |
| Q-mdist | 15.1.2021 | 20.1.2021 | USD | 0.57 |

UBS (Lux) Bond SICAV – Asian High Yield (USD)
Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
| UBS (Lux) Bond SICAV – Asian High Yield (USD) | Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| --- | --- | --- | --- | --- |
| Q-mdist | 15.2.2021 | 18.2.2021 | USD | 0.56 |
| Q-mdist | 15.3.2021 | 18.3.2021 | USD | 0.56 |
| Q-mdist | 15.4.2021 | 20.4.2021 | USD | 0.56 |
| Q-mdist | 17.5.2021 | 20.5.2021 | USD | 0.56 |
| (SGD hedged) Q-mdist | 15.7.2020 | 20.7.2020 | SGD | 0.52 |
| (SGD hedged) Q-mdist | 17.8.2020 | 20.8.2020 | SGD | 0.51 |
| (SGD hedged) Q-mdist | 15.9.2020 | 18.9.2020 | SGD | 0.55 |
| (SGD hedged) Q-mdist | 15.10.2020 | 20.10.2020 | SGD | 0.54 |
| (SGD hedged) Q-mdist | 16.11.2020 | 19.11.2020 | SGD | 0.54 |
| (SGD hedged) Q-mdist | 15.12.2020 | 18.12.2020 | SGD | 0.55 |
| (SGD hedged) Q-mdist | 15.1.2021 | 20.1.2021 | SGD | 0.55 |
| (SGD hedged) Q-mdist | 15.2.2021 | 18.2.2021 | SGD | 0.55 |
| (SGD hedged) Q-mdist | 15.3.2021 | 18.3.2021 | SGD | 0.55 |
| (SGD hedged) Q-mdist | 15.4.2021 | 20.4.2021 | SGD | 0.55 |
| (SGD hedged) Q-mdist | 17.5.2021 | 20.5.2021 | SGD | 0.55 |

UBS (Lux) Bond SICAV – Asian High Yield (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 |  |  |  |
| CNY |  |  |  |
| CNY	CIFI HOLDINGS GROUP CO LTD-REG-S 6.70000% 19-23.04.22 | 19 000 000.00 | 3 053 043.35 | 0.08 |
| Total CNY |  | 3 053 043.35 | 0.08 |
| USD |  |  |  |
| USD	ABJA INVESTMENT CO PTE LTD-REG-S 5.45000% 18-24.01.28 | 425 000.00 | 451 129.00 | 0.01 |
| USD	AGILE GROUP HOLDINGS LTD-REG-S 5.75000% 20-02.01.25 | 6 200 000.00 | 6 293 000.00 | 0.17 |
| USD	AGILE GROUP HOLDINGS LTD-REG-S 5.50000% 21-17.05.26 | 9 900 000.00 | 9 887 625.00 | 0.27 |
| USD	ANTON OILFIELD SERVICES GROUP-REG-S 7.50000% 19-02.12.22 | 2 700 000.00 | 2 624 568.75 | 0.07 |
| USD	APL REALTY HOLDINGS PTE LTD-REG-S 5.95000% 17-02.06.24 | 6 200 000.00 | 4 548 475.00 | 0.12 |
| USD	AZURE POWER ENERGY LTD-REG-S 5.50000% 17-03.11.22 | 19 900 000.00 | 20 208 450.00 | 0.55 |
| USD	BHARTI AIRTEL LTD-REG-S 3.25000% 21-03.06.31 | 14 625 000.00 | 14 374 327.50 | 0.39 |
| USD	BRIGHT SCHOLAR EDU HOLD LTD-REG-S 7.45000% 19-31.07.22 | 900 000.00 | 918 000.00 | 0.03 |
| USD	CENTRAL CHINA REAL ESTATE-REG-S 7.25000% 19-24.04.23 | 5 525 000.00 | 5 373 062.50 | 0.15 |
| USD	CENTRAL CHINA REAL ESTATE-REG-S 7.25000% 20-16.07.24 | 800 000.00 | 726 400.00 | 0.02 |
| USD	CENTRAL CHINA REAL ESTATE-REG-S 7.65000% 20-27.08.23 | 11 450 000.00 | 11 163 750.00 | 0.30 |
| USD	CENTRAL CHINA REAL ESTATE LTD-REG-S 7.25000% 20-13.08.24 | 7 000 000.00 | 6 305 687.50 | 0.17 |
| USD	CENTRAL CHINA REAL ESTATE LTD-REG-S 7.50000% 21-14.07.25 | 13 000 000.00 | 11 523 687.49 | 0.31 |
| USD	CHAMPION PATH HOLDINGS-REG-S 4.50000% 21-27.01.26 | 8 675 000.00 | 9 011 082.51 | 0.25 |
| USD	CHAMPION PATH HOLDINGS-REG-S 4.85000% 21-27.01.28 | 12 000 000.00 | 12 583 499.98 | 0.34 |
| USD	CHINA AOYUAN GROUP LTD-REG-S 7.95000% 19-19.02.23 | 5 000 000.00 | 5 131 250.00 | 0.14 |
| USD	CHINA AOYUAN GROUP LTD-REG-S 6.20000% 20-24.03.26 | 10 000 000.00 | 9 364 375.00 | 0.26 |
| USD	CHINA AOYUAN GROUP LTD-REG-S 5.98000% 20-18.08.25 | 4 000 000.00 | 3 800 400.00 | 0.10 |
| USD	CHINA EVERGRANDE GROUP-REG-S 10.00000% 19-11.04.23 | 10 000 000.00 | 9 136 250.00 | 0.25 |
| USD	CHINA EVERGRANDE GROUP-REG-S 10.50000% 19-11.04.24 | 14 000 000.00 | 12 344 500.00 | 0.34 |
| USD	CHINA EVERGRANDE GROUP-REG-S 12.00000% 20-22.01.24 | 14 000 000.00 | 12 375 440.00 | 0.34 |
| USD	CHINA SOUTH CITY HOLDINGS LTD-REG-S 7.25000% 17-20.11.22 | 2 000 000.00 | 1 710 375.00 | 0.05 |
| USD	CHINA SOUTH CITY HOLDINGS LTD-REG-S 11.50000% 19-12.02.22 | 3 600 000.00 | 3 475 008.00 | 0.10 |
| USD	CIFI HOLDINGS GROUP CO LTD-REG-S 6.00000% 20-16.07.25 | 2 700 000.00 | 2 847 318.75 | 0.08 |
| USD	CIFI HOLDINGS GROUP CO LTD-REG-S 4.45000% 21-17.08.26 | 13 400 000.00 | 13 416 750.00 | 0.37 |
| USD	CLIFFTON LTD-REG-S 6.25000% 21-25.10.25 | 15 150 000.00 | 15 096 975.00 | 0.41 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 7.25000% 19-08.04.26 | 5 000 000.00 | 5 541 562.50 | 0.15 |
| USD	EASY TACTIC LTD-REG-S 8.12500% 19-11.07.24 | 1 775 000.00 | 1 638 879.69 | 0.04 |
| USD	EASY TACTIC LTD-REG-S 8.62500% 20-05.03.24 | 6 000 000.00 | 5 656 125.00 | 0.15 |
| USD	FANTASIA HOLDINGS GROUP CO LTD-REG-S 12.25000% 19-18.10.22 | 1 425 000.00 | 1 414 134.37 | 0.04 |
| USD	FANTASIA HOLDINGS GROUP CO LTD-REG-S 10.87500% 20-09.01.23 | 13 950 000.00 | 13 529 756.25 | 0.37 |
| USD	FANTASIA HOLDINGS GROUP CO LTD-REG-S 11.87500% 20-01.06.23 | 8 325 000.00 | 8 066 404.69 | 0.22 |
| USD	FANTASIA HOLDINGS GROUP CO LTD-REG-S 9.25000% 20-28.07.23 | 17 150 000.00 | 15 641 871.88 | 0.43 |
| USD	FANTASIA HOLDINGS GROUP CO LTD-REG-S 9.87500% 20-19.10.23 | 13 625 000.00 | 12 460 914.07 | 0.34 |
| USD	FORTUNE STAR BVI LTD-REG-S 6.85000% 20-02.07.24 | 18 375 000.00 | 19 615 312.50 | 0.54 |
| USD	FORTUNE STAR BVI LTD-REG-S 5.95000% 20-19.10.25 | 16 500 000.00 | 17 348 718.75 | 0.47 |
| USD	FORTUNE STAR BVI LTD-REG-S 5.05000% 21-27.01.27 | 14 550 000.00 | 14 652 759.37 | 0.40 |
| USD	GLOBE TELECOM INC-REG-S 2.50000% 20-23.07.30 | 8 110 000.00 | 7 666 484.38 | 0.21 |
| USD	GOLDEN EAGLE RETAIL GROUP-REG-S 4.62500% 13-21.05.23 | 5 750 000.00 | 5 867 875.00 | 0.16 |
| USD	GOLDEN WHEEL TIANDI HLDGS CO LTD-REG-S 14.25000% 20-09.01.23 | 3 075 000.00 | 2 972 756.25 | 0.08 |
| USD	GREENKO MAURITIUS LTD-REG-S 6.25000% 19-21.02.23 | 18 575 000.00 | 19 132 250.00 | 0.52 |
| USD	GREENTOWN CHINA HOLDINGS LTD-REG-S 5.65000% 20-13.07.25 | 7 450 000.00 | 7 714 475.00 | 0.21 |
| USD	HILONG HOLDING LTD-REG-S *DEFAULTED* 8.25000% 19-26.09.22 | 2 500 000.00 | 1 899 218.75 | 0.05 |
| USD	INTERNATIONAL CONT TERM SERV-REG-S 4.75000% 20-17.06.30 | 19 750 000.00 | 21 901 515.62 | 0.60 |
| USD	JGSH PHILIPPINES LTD-REG-S 4.12500% 20-09.07.30 | 19 059 000.00 | 20 325 232.31 | 0.55 |
| USD	JINGRUI HOLDINGS LTD-REG-S 12.75000% 20-11.03.22 | 1 000 000.00 | 988 000.00 | 0.03 |
| USD	JINGRUI HOLDINGS LTD-REG-S 14.50000% 20-19.02.23 | 6 000 000.00 | 5 913 000.00 | 0.16 |
| USD	JSW HYDRO ENERGY LTD-REG-S 4.12500% 21-18.05.31 | 32 750 000.00 | 33 046 796.88 | 0.90 |
| USD	JSW STEEL LTD-REG-S 5.37500% 19-04.04.25 | 3 000 000.00 | 3 193 687.50 | 0.09 |
| USD	KAISA GROUP HOLDINGS LTD-REG-S 10.87500% 19-23.07.23 | 5 750 000.00 | 5 948 734.37 | 0.16 |
| USD	KAISA GROUP HOLDINGS LTD-REG-S 10.50000% 20-15.01.25 | 6 400 000.00 | 6 355 200.00 | 0.17 |
| USD	KAISA GROUP HOLDINGS LTD-REG-S 9.95000% 20-23.07.25 | 15 000 000.00 | 14 313 750.00 | 0.39 |
| USD	KAISA GROUP HOLDINGS LTD-REG-S 11.25000% 20-16.04.25 | 44 575 000.00 | 44 806 232.81 | 1.22 |
| USD	KWG GROUP HOLDINGS LTD-REG-S 6.30000% 20-13.02.26 | 30 150 000.00 | 30 607 903.13 | 0.83 |
| USD	LOGAN GROUP CO LTD-REG-S 5.25000% 20-19.10.25 | 14 000 000.00 | 14 326 375.00 | 0.39 |
| USD	LOGAN PROPERTY HOLDINGS CO LTD-REG-S 5.25000% 17-23.02.23 | 3 250 000.00 | 3 283 109.37 | 0.09 |
| USD	LOGAN PROPERTY HOLDINGS CO LTD-REG-S 4.25000% 21-12.07.25 | 12 800 000.00 | 12 692 000.00 | 0.35 |
| USD	MANILA WATER CO INC-REG-S 4.37500% 20-30.07.30 | 32 504 000.00 | 34 683 799.51 | 0.95 |
| USD	MEDCO OAK TREE PTE LTD-REG-S 7.37500% 19-14.05.26 | 5 000 000.00 | 5 457 187.50 | 0.15 |
| USD	MEDCO PLATINUM ROAD PTE LTD-REG-S 6.75000% 18-30.01.25 | 28 000 000.00 | 29 344 000.00 | 0.80 |
| USD	MEITUAN DIANPING-REG-S 3.05000% 20-28.10.30 | 30 000 000.00 | 28 988 400.00 | 0.79 |
| USD	MELCO RESORTS FINANCE LTD-REG-S 4.87500% 17-06.06.25 | 750 000.00 | 769 243.50 | 0.02 |
| USD	MELCO RESORTS FINANCE LTD-REG-S 5.62500% 19-17.07.27 | 5 000 000.00 | 5 268 339.00 | 0.14 |
| USD	MELCO RESORTS FINANCE LTD-REG-S 5.37500% 19-04.12.29 | 8 500 000.00 | 9 015 312.50 | 0.25 |
| USD	MELCO RESORTS FINANCE LTD-REG-S 5.75000% 20-21.07.28 | 15 000 000.00 | 15 956 250.00 | 0.44 |
| USD	MGM CHINA HOLDINGS LTD-REG-S 5.25000% 20-18.06.25 | 17 950 000.00 | 18 690 437.50 | 0.51 |
| USD	MONGOLIA,GOVERNMENT OF-REG-S 5.12500% 12-05.12.22 | 1 302 000.00 | 1 353 103.50 | 0.04 |
| USD	NEW METRO GLOBAL LTD-REG-S 4.50000% 21-02.05.26 | 37 700 000.00 | 37 282 943.75 | 1.02 |
| USD	PAKISTAN, ISLAMIC REPUBLIC OF-REG-S 6.87500% 17-05.12.27 | 18 250 000.00 | 19 074 671.87 | 0.52 |
| USD	PAKUWON JATI TBK PT-REG-S 4.87500% 21-29.04.28 | 12 025 000.00 | 12 325 625.00 | 0.34 |
| USD	PERIAMA HOLDINGS LLC/DE-REG-S 5.95000% 20-19.04.26 | 45 775 000.00 | 49 231 012.50 | 1.34 |
| USD	REDCO PROPERTIES GROUP LTD-REG-S 11.00000% 20-06.08.22 | 4 200 000.00 | 4 272 187.50 | 0.12 |
| USD	REDSUN PROPERTIES GROUP LTD-REG-S 9.95000% 19-11.04.22 | 2 000 000.00 | 2 071 625.00 | 0.06 |
| USD	REDSUN PROPERTIES GROUP LTD-REG-S 9.70000% 20-16.04.23 | 4 573 000.00 | 4 756 777.44 | 0.13 |
| USD	RENEW POWER PVT LTD-REG-S 6.45000% 19-27.09.22 | 17 915 000.00 | 18 506 195.00 | 0.50 |
| USD	RENEW WIND ENER AP2 / RENEW POWER-REG-S 4.50000% 21-14.07.28 | 34 325 000.00 | 34 153 375.00 | 0.93 |
| USD	RKPF OVERSEAS 2019 A LTD-REG-S 5.90000% 20-05.03.25 | 7 750 000.00 | 8 051 765.62 | 0.22 |
| USD	RONSHINE CHINA HOLDINGS LTD-REG-S 8.95000% 19-22.01.23 | 21 500 000.00 | 21 779 500.00 | 0.59 |
| USD	RONSHINE CHINA HOLDINGS LTD-REG-S 7.35000% 20-15.12.23 | 25 050 000.00 | 24 389 306.25 | 0.67 |
| USD	RONSHINE CHINA HOLDINGS LTD-REG-S 6.75000% 20-05.08.24 | 4 220 000.00 | 3 975 503.75 | 0.11 |
| USD	SCENERY JOURNEY LTD-REG-S 11.50000% 20-24.10.22 | 20 668 000.00 | 19 100 952.24 | 0.52 |
| USD	SCENERY JOURNEY LTD-REG-S 12.00000% 20-24.10.23 | 28 125 000.00 | 25 324 875.00 | 0.69 |
| USD	SEAZEN GROUP LTD-REG-S 6.45000% 20-11.06.22 | 12 000 000.00 | 12 236 250.00 | 0.33 |
| USD	SHIMAO PROPERTY HOLDINGS LTD-REG-S 5.60000% 19-15.07.26 | 1 250 000.00 | 1 344 765.63 | 0.04 |

UBS (Lux) Bond SICAV – Asian High Yield (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 | SHIMAO PROPERTY HOLDINGS LTD-REG-S 4.60000% 20-13.07.30 | 5 725 000.00 | 5 961 156.25 | 0.16 |
| USD | SHIMAO PROPERTY HOLDINGS LTD-REG-S 3.45000% 21-11.01.31 | 8 000 000.00 | 7 570 000.00 | 0.21 |
| USD | SHUI ON DEVELOPMENT HOLDING LTD-REG-S 6.25000% 19-28.11.21 | 10 796 000.00 | 10 927 576.25 | 0.30 |
| USD | SHUI ON DEVELOPMENT HOLDING LTD-REG-S 6.15000% 20-24.08.24 | 23 925 000.00 | 25 001 625.00 | 0.68 |
| USD | SRI LANKA, DEMOCRATIC REP OF-REG-S 5.87500% 12-25.07.22 | 25 215 000.00 | 22 036 334.07 | 0.60 |
| USD | SRI LANKA, DEMOCRATIC REP OF-REG-S 6.20000% 17-11.05.27 | 23 705 000.00 | 15 834 940.00 | 0.43 |
| USD | SRI LANKA, DEMOCRATIC REP OF-REG-S 6.75000% 18-18.04.28 | 10 000 000.00 | 6 705 000.00 | 0.18 |
| USD | SRI LANKA, DEMOCRATIC REP OF-REG-S 6.85000% 19-14.03.24 | 2 425 000.00 | 1 798 743.75 | 0.05 |
| USD | SRI LANKA, DEMOCRATIC REP OF-REG-S 7.55000% 19-28.03.30 | 47 000 000.00 | 31 469 437.50 | 0.86 |
| USD | SRILANKAN AIRLINES LTD-REG-S 7.00000% 19-25.06.24 | 3 150 000.00 | 2 000 565.00 | 0.05 |
| USD | STAR ENERGY GEOTHERMAL WAYANG-REG-S 6.75000% 18-24.04.33 | 7 500 000.00 | 7 561 749.90 | 0.21 |
| USD | STUDIO CITY FINANCE LTD-REG-S 6.00000% 20-15.07.25 | 4 300 000.00 | 4 518 493.75 | 0.12 |
| USD | STUDIO CITY FINANCE LTD-REG-S 6.50000% 20-15.01.28 | 16 475 000.00 | 17 764 992.50 | 0.48 |
| USD | STUDIO CITY FINANCE LTD-REG-S 5.00000% 21-15.01.29 | 8 625 000.00 | 8 766 773.43 | 0.24 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 8.35000% 18-19.04.23 | 12 000 000.00 | 12 512 250.01 | 0.34 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 6.50000% 20-09.07.23 | 2 000 000.00 | 2 058 125.00 | 0.06 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 7.00000% 20-09.07.25 | 22 125 000.00 | 22 899 375.00 | 0.62 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 6.65000% 20-03.08.24 | 20 200 000.00 | 20 917 100.00 | 0.57 |
| USD | SUNAC CHINA HOLDINGS LTD-REG-S 5.95000% 21-26.04.24 | 23 280 000.00 | 23 665 575.00 | 0.65 |
| USD | THETA CAPITAL PTE LTD-REG-S 6.75000% 16-31.10.26 | 10 920 000.00 | 10 788 960.00 | 0.29 |
| USD | VEDANTA RESOURCES PLC-REG-S 7.12500% 13-31.05.23 | 7 000 000.00 | 6 594 437.50 | 0.18 |
| USD | VEDANTA RESOURCES PLC-REG-S 6.37500% 17-30.07.22 | 15 200 000.00 | 14 936 850.00 | 0.41 |
| USD | VEDANTA RESOURCES PLC-REG-S 6.12500% 17-09.08.24 | 70 215 000.00 | 60 046 990.31 | 1.64 |
| USD | VIRGIN AUSTRALIA HOLD-REG-S *DEFAULTED* 8.12500% 19-15.11.24 | 11 000 000.00 | 1 017 500.00 | 0.03 |
| USD | WYNN MACAU LTD-REG-S 4.87500% 17-01.10.24 | 4 750 000.00 | 4 831 475.80 | 0.13 |
| USD | WYNN MACAU LTD-REG-S 5.50000% 17-01.10.27 | 4 000 000.00 | 4 180 000.00 | 0.11 |
| USD | WYNN MACAU LTD-REG-S 5.12500% 19-15.12.29 | 7 276 000.00 | 7 531 959.49 | 0.21 |
| USD | WYNN MACAU LTD-REG-S 5.50000% 20-15.01.26 | 27 620 000.00 | 29 002 883.68 | 0.79 |
| USD | YANGO JUSTICE INTERNATIONAL LTD-REG-S 10.25000% 19-18.03.22 | 5 000 000.00 | 5 127 500.00 | 0.14 |
| USD | YANGO JUSTICE INTERNATIONAL LTD-REG-S 8.25000% 20-25.11.23 | 12 600 000.00 | 12 771 675.00 | 0.35 |
| USD | YANGO JUSTICE INTERNATIONAL LTD-REG-S 7.50000% 20-15.04.24 | 11 925 000.00 | 11 983 134.37 | 0.33 |
| USD | YANGO JUSTICE INTERNATIONAL LTD-REG-S 7.50000% 20-17.02.25 | 5 075 000.00 | 4 922 750.00 | 0.13 |
| USD | YANGO JUSTICE INTERNATIONAL LTD-REG-S 5.30000% 21-11.01.22 | 8 275 000.00 | 8 202 593.75 | 0.22 |
| USD | YANLORD LAND HK CO LTD-REG-S 6.80000% 19-27.02.24 | 1 000 000.00 | 1 050 500.00 | 0.03 |
| USD | YANLORD LAND HK CO LTD-REG-S 5.12500% 21-20.05.26 | 16 725 000.00 | 17 024 712.00 | 0.46 |
| USD | YUZHOU GROUP HOLDINGS CO LTD-REG-S 7.85000% 20-12.08.26 | 14 350 000.00 | 12 505 128.13 | 0.34 |
| USD | YUZHOU PROPERTIES CO LTD-REG-S 6.00000% 16-25.10.23 | 2 425 000.00 | 2 280 106.25 | 0.06 |
| USD | YUZHOU PROPERTIES CO LTD-REG-S 8.37500% 19-30.10.24 | 14 300 000.00 | 13 620 750.00 | 0.37 |
| USD | YUZHOU PROPERTIES CO LTD-REG-S 7.37500% 20-13.01.26 | 56 927 000.00 | 49 953 442.50 | 1.36 |
| USD | ZHENRO PROPERTIES GROUP LTD-REG-S 7.35000% 20-05.02.25 | 8 900 000.00 | 8 896 106.25 | 0.24 |
| Total USD |  |  | 1 567 855 094.42 | 42.75 |
| Total Notes, fester Zins |  | 1 570 908 137.77 | 42.83 |
| Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	GLOBAL LOGISTIC PROPERTIES-REG-S-SUB 4.500%/VAR 21-PRP | 40 000 000.00 | 40 050 000.00 | 1.09 |
| Total USD |  | 40 050 000.00 | 1.09 |
| Total Notes, variabler Zins |  | 40 050 000.00 | 1.09 |
| Medium-Term Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	BANK NEGARA INDONESIA PERSERO-REG-S-SUB 3.75000% 21-30.03.26 | 14 275 000.00 | 14 517 675.00 | 0.40 |
| USD	CENTRAL PLAZA DEVELOPMENT LTD-REG-S 3.85000% 20-14.07.25 | 12 500 000.00 | 11 881 250.00 | 0.32 |
| USD	FAR EAST HORIZON LTD-REG-S 3.37500% 20-18.02.25 | 7 990 000.00 | 7 993 995.00 | 0.22 |
| USD	FAR EAST HORIZON LTD-REG-S 2.62500% 21-03.03.24 | 18 500 000.00 | 18 430 625.00 | 0.50 |
| USD	GAJAH TUNGGAL TBK PT-REG-S 8.37500% 17-10.08.22 | 1 000 000.00 | 971 640.00 | 0.03 |
| USD	HPCL MITTAL ENERGY LTD-REG-S 5.45000% 19-22.10.26 | 5 000 000.00 | 5 175 937.50 | 0.14 |
| USD	KWG GROUP HOLDINGS LTD-REG-S 7.40000% 19-05.03.24 | 15 000 000.00 | 15 827 812.50 | 0.43 |
| USD	LS FINANCE 2017 LTD-REG-S 4.87500% 19-15.07.24 | 13 000 000.00 | 13 065 000.00 | 0.36 |
| USD	MUTHOOT FINANCE LTD-REG-S 6.12500% 19-31.10.22 | 11 300 000.00 | 11 715 275.00 | 0.32 |
| USD	MUTHOOT FINANCE LTD-REG-S 4.40000% 20-02.09.23 | 12 799 000.00 | 13 037 381.37 | 0.35 |
| USD	NWD MTN LTD-REG-S 4.50000% 20-19.05.30 | 37 760 000.00 | 40 027 993.97 | 1.09 |
| USD	REC LTD-REG-S 2.25000% 21-01.09.26 | 31 225 000.00 | 30 499 615.15 | 0.83 |
| USD	REDCO PROPERTIES GROUP LTD-REG-S 9.90000% 20-17.02.24 | 19 255 000.00 | 18 581 075.00 | 0.51 |
| USD	SHRIRAM TRANSPORT FINANCE CO LTD-REG-S 5.95000% 19-24.10.22 | 26 100 000.00 | 26 618 737.50 | 0.72 |
| USD	SHRIRAM TRANSPORT FINANCE CO LTD-REG-S 5.10000% 20-16.07.23 | 32 300 000.00 | 32 487 743.75 | 0.89 |
| USD	SHRIRAM TRANSPORT FINANCE CO LTD-REG-S 4.40000% 21-13.03.24 | 45 000 000.00 | 44 474 062.50 | 1.21 |
| USD	YES BANK IFSC BANKING UNIT BR-REG-S 3.75000% 18-06.02.23 | 41 928 000.00 | 41 411 761.50 | 1.13 |
| Total USD |  | 346 717 580.74 | 9.45 |
| Total Medium-Term Notes, fester Zins |  | 346 717 580.74 | 9.45 |
| Medium-Term Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	BANGKOK BANK PCL/HONG KONG-REG-S-SUB 3.733%/VAR 19-25.09.34 | 7 150 000.00 | 7 298 809.38 | 0.20 |
| USD	BANGKOK BANK PCL/HONG KONG-REG-S-SUB 5.000%/VAR 20-PRP | 40 025 000.00 | 42 171 340.63 | 1.15 |
| USD	BANK OF EAST ASIA LTD-REG-S-SUB 5.825%/VAR 20-PRP | 36 350 000.00 | 39 045 716.00 | 1.06 |
| USD	CITIC BANK INTERNATIONAL LTD-REG-S-SUB 4.250%/VAR 16-PRP | 500 000.00 | 501 260.25 | 0.01 |
| USD	DAH SING BANK LTD-REG-S-SUB 4.250%/VAR 16-30.11.26 | 1 405 000.00 | 1 417 897.62 | 0.04 |
| USD	KASIKORNBANK PCL-REG-S-SUB 5.275%/VAR 20-PRP | 46 750 000.00 | 49 359 234.37 | 1.35 |
| USD	KASIKORNBANK PCL/HONG KONG-REG-S-SUB 3.343%/VAR 19-02.10.31 | 22 076 000.00 | 22 632 039.25 | 0.62 |
| USD	OLAM INTERNATIONAL LTD-REG-S-SUB 5.350%/VAR 16-PRP | 350 000.00 | 350 284.37 | 0.01 |
| USD	STATE BANK OF INDIA/DUBAI-REG-S-SUB 5.500%/VAR 16-PRP | 29 170 000.00 | 29 357 781.87 | 0.80 |
| USD	WOORI BANK-REG-S-SUB 5.250%/VAR 17-PRP | 1 125 000.00 | 1 155 796.87 | 0.03 |
| Total USD |  | 193 290 160.61 | 5.27 |
| Total Medium-Term Notes, variabler Zins |  | 193 290 160.61 | 5.27 |

UBS (Lux) Bond SICAV – Asian High Yield (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) |  |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	ABJA INVESTMENT CO PTE LTD-REG-S 5.95000% 14-31.07.24 | 12 700 000.00 | 13 781 881.24 | 0.38 |
| USD	AGILE GROUP HOLDINGS LTD-REG-S 6.05000% 20-13.10.25 | 29 700 000.00 | 30 591 000.00 | 0.83 |
| USD	ALAM SUTERA REALTY TBK PT (PAY IN KIND) STEP UP 20-02.05.24 | 6 875 000.00 | 5 463 476.57 | 0.15 |
| USD	ALAM SUTERA REALTY TBK PT (PAY IN KIND) STEP UP 20-02.11.25 | 23 481 000.00 | 17 747 233.31 | 0.48 |
| USD	BANK TABUNGAN NEGARA PERSERO-REG-S-SUB 4.20000% 20-23.01.25 | 2 250 000.00 | 2 294 718.75 | 0.06 |
| USD	BIM LAND JSC-REG-S 7.37500% 21-07.05.26 | 20 000 000.00 | 18 993 750.00 | 0.52 |
| USD	CELESTIAL DYNASTY LTD-REG-S 4.25000% 19-27.06.29 | 12 000 000.00 | 12 373 920.00 | 0.34 |
| USD	CENTRAL CHINA REAL ESTATE-REG-S 7.75000% 20-24.05.24 | 8 000 000.00 | 7 489 000.00 | 0.20 |
| USD	CENTRAL PLAZA DEVELOPMENT LTD-REG-S 4.65000% 21-19.01.26 | 27 150 000.00 | 26 425 434.37 | 0.72 |
| USD	CFLD CAYMAN INVEST-REG-S *DEFAULTED* 8.05000% 20-13.01.25 | 60 000 000.00 | 22 642 500.00 | 0.62 |
| USD	CHINA AOYUAN PROPERTY GROUP LTD-REG-S 5.88000% 21-01.03.27 | 3 500 000.00 | 3 186 750.00 | 0.09 |
| USD	CHINA EVERGRANDE GROUP-REG-S 8.25000% 17-23.03.22 | 3 500 000.00 | 3 326 750.00 | 0.09 |
| USD	CHINA EVERGRANDE GROUP-REG-S 7.50000% 17-28.06.23 | 8 731 000.00 | 7 485 741.12 | 0.20 |
| USD	CHINA EVERGRANDE GROUP-REG-S 8.75000% 17-28.06.25 | 65 400 000.00 | 52 025 700.00 | 1.42 |
| USD	CHINA GRAND AUTOMOTIVE SERV LTD-REG-S 8.62500% 19-08.04.22 | 1 249 000.00 | 1 205 128.87 | 0.03 |
| USD	CHINA OIL & GAS GROUP LTD-REG-S 4.62500% 17-20.04.22 | 200 000.00 | 201 454.00 | 0.01 |
| USD	CHINA SCE GROUP HOLDINGS LTD-REG-S 7.00000% 20-02.05.25 | 3 000 000.00 | 3 084 937.50 | 0.08 |
| USD	CHINA SCE GROUP HOLDINGS LTD-REG-S- 6.00000% 21-04.02.26 | 15 480 000.00 | 15 158 790.00 | 0.41 |
| USD	CHINA SCE PROPERTY HOLDINGS LTD-REG-S 5.87500% 17-10.03.22 | 10 453 000.00 | 10 572 268.73 | 0.29 |
| USD	CHINA SCE PROPERTY HOLDINGS LTD-REG-S 7.37500% 19-09.04.24 | 4 911 000.00 | 5 139 054.56 | 0.14 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 6.15000% 19-17.09.25 | 5 246 000.00 | 5 764 042.50 | 0.16 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 5.12500% 20-14.01.27 | 7 550 000.00 | 8 030 368.75 | 0.22 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 5.62500% 20-14.01.30 | 5 000 000.00 | 5 427 500.00 | 0.15 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 5.40000% 20-27.05.25 | 21 803 000.00 | 23 340 111.50 | 0.64 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 4.20000% 20-06.02.26 | 10 000 000.00 | 10 417 500.00 | 0.28 |
| USD	COUNTRY GARDEN HOLDINGS CO LTD-REG-S 4.80000% 20-06.08.30 | 13 975 000.00 | 14 580 292.19 | 0.40 |
| USD	DEVELOPMENT BANK OF MONGOLIA LLC-REG-S 7.25000% 18-23.10.23 | 900 000.00 | 968 793.75 | 0.03 |
| USD	EASY TACTIC LTD-REG-S 5.87500% 17-13.02.23 | 24 525 000.00 | 23 066 253.00 | 0.63 |
| USD	EASY TACTIC LTD-REG-S 8.12500% 19-27.02.23 | 30 750 000.00 | 30 044 671.87 | 0.82 |
| USD	EASY TACTIC LTD-REG-S 8.62500% 19-27.02.24 | 4 600 000.00 | 4 324 862.50 | 0.12 |
| USD	EASY TACTIC LTD-REG-S 11.75000% 21-02.08.23 | 9 775 000.00 | 10 152 559.38 | 0.28 |
| USD	EHI CAR SERVICES LTD-REG-S 5.87500% 17-14.08.22 | 8 500 000.00 | 8 522 843.75 | 0.23 |
| USD	EHI CAR SERVICES LTD-REG-S 7.75000% 21-14.11.24 | 8 400 000.00 | 8 578 500.00 | 0.23 |
| USD	FPC RESOURCES LTD-REG-S 4.37500% 20-11.09.27 | 28 775 000.00 | 30 749 684.38 | 0.84 |
| USD	FUFENG GROUP LTD-REG-S 5.87500% 18-28.08.21 | 9 500 000.00 | 9 549 115.95 | 0.26 |
| USD	GOLDEN WHEEL TIANDI HLDGS CO LTD-REG-S 12.95000% 20-14.03.22 | 5 000 000.00 | 4 698 437.50 | 0.13 |
| USD	GREENKO DUTCH BV-REG-S 3.85000% 21-29.03.26 | 47 550 000.00 | 48 456 421.87 | 1.32 |
| USD	GREENKO INVESTMENT CO-REG-S 4.87500% 16-16.08.23 | 7 717 000.00 | 7 841 436.62 | 0.21 |
| USD	GREENKO SOLAR MAURITIUS LTD-REG-S 5.95000% 19-29.07.26 | 10 000 000.00 | 10 730 000.00 | 0.29 |
| USD	HPCL MITTAL ENERGY LTD-REG-S 5.25000% 17-28.04.27 | 9 708 000.00 | 9 913 081.50 | 0.27 |
| USD	JSW STEEL LTD-REG-S 5.25000% 17-13.04.22 | 1 000 000.00 | 1 024 250.00 | 0.03 |
| USD	JSW STEEL LTD-REG-S 5.95000% 19-18.04.24 | 6 290 000.00 | 6 743 273.12 | 0.18 |
| USD	KAISA GROUP HOLDINGS LTD-REG-S 9.37500% 17-30.06.24 | 24 100 000.00 | 23 863 518.75 | 0.65 |
| USD	KAISA GROUP HOLDINGS LTD-REG-S 11.70000% 21-11.11.25 | 21 750 000.00 | 21 913 125.00 | 0.60 |
| USD	KWG GROUP HOLDINGS LTD-REG-S 5.87500% 17-10.11.24 | 3 300 000.00 | 3 368 681.25 | 0.09 |
| USD	KWG GROUP HOLDINGS LTD-REG-S 6.00000% 21-14.08.26 | 14 725 000.00 | 14 726 472.50 | 0.40 |
| USD	KWG PROPERTY HOLDING LTD-REG-S 7.40000% 20-13.01.27 | 3 000 000.00 | 3 098 062.50 | 0.08 |
| USD	LAI FUNG BONDS-REG-S 5.65000% 18-18.01.23 | 3 830 000.00 | 3 715 086.10 | 0.10 |
| USD	LMIRT CAPITAL PTE LTD-REG-S 7.50000% 21-09.02.26 | 6 425 000.00 | 6 696 054.68 | 0.18 |
| USD	LODHA DEVELOPERS INTL LTD-REG-S 14.00000% 20-12.03.23 | 11 000 000.00 | 11 550 000.00 | 0.32 |
| USD	LOGAN GROUP CO LTD-REG-S 4.85000% 20-14.12.26 | 5 000 000.00 | 5 038 437.50 | 0.14 |
| USD	LS FINANCE 2025 LTD-REG-S 4.50000% 15-26.06.25 | 7 250 000.00 | 7 141 250.00 | 0.19 |
| USD	MARBLE II PTE LTD-REG-S 5.30000% 17-20.06.22 | 500 000.00 | 501 656.25 | 0.01 |
| USD	MELCO RESORTS FINANCE LTD-REG-S 5.25000% 19-26.04.26 | 1 000 000.00 | 1 043 719.19 | 0.03 |
| USD	MODERNLA OVE PTE LTD-REG-S *DEFAULTED* 6.95000% 17-13.04.24 | 19 625 000.00 | 7 804 617.19 | 0.21 |
| USD	NEW METRO GLOBAL LTD-REG-S 4.80000% 20-15.12.24 | 19 775 000.00 | 19 908 481.25 | 0.54 |
| USD	NWD FINANCE BVI LTD-REG-S 5.75000% 16-PRP | 1 000 000.00 | 1 003 228.50 | 0.03 |
| USD	NWD FINANCE BVI LTD-REG-S 4.80000% 20-PRP | 2 000 000.00 | 1 985 888.00 | 0.05 |
| USD	NWD MTN LTD-REG-S 4.12500% 19-18.07.29 | 11 500 000.00 | 11 841 895.00 | 0.32 |
| USD	PB INTERNATIONAL BV-REG-S 7.62500% 17-26.01.22 | 500 000.00 | 159 843.75 | 0.00 |
| USD	POWERLONG REAL ESTATE HOLDINGS-REG-S 5.95000% 20-30.04.25 | 8 000 000.00 | 8 336 500.00 | 0.23 |
| USD	PRIME BLOOM HOLDINGS LTD-REG-S 6.95000% 17-05.07.22 | 840 000.00 | 159 337.50 | 0.00 |
| USD	RENEW POWER PVT LTD-REG-S 5.87500% 20-05.03.27 | 4 450 000.00 | 4 719 225.00 | 0.13 |
| USD	RENEW POWER SYNTHETIC-REG-S 6.67000% 19-12.03.24 | 12 000 000.00 | 12 602 250.00 | 0.34 |
| USD	RKPF OVERSEAS 2019 A LTD-REG-S 6.00000% 20-04.09.25 | 19 500 000.00 | 20 237 343.75 | 0.55 |
| USD	ROYAL CAPITAL BV-REG-S 5.87500% 18-PRP | 2 835 000.00 | 2 925 011.25 | 0.08 |
| USD	SCENERY JOURNEY LTD-REG-S 13.00000% 18-06.11.22 | 2 500 000.00 | 2 341 150.00 | 0.06 |
| USD	SCENERY JOURNEY LTD-REG-S 13.75000% 18-06.11.23 | 5 000 000.00 | 4 728 125.00 | 0.13 |
| USD	SEAZEN GROUP LTD-REG-S 6.00000% 20-12.08.24 | 11 275 000.00 | 11 740 093.75 | 0.32 |
| USD	SEAZEN GROUP LTD-REG-S 4.45000% 21-13.07.25 | 11 775 000.00 | 11 642 531.25 | 0.32 |
| USD	SHIMAO PROPERTY HOLDINGS LTD-REG-S 4.75000% 17-03.07.22 | 1 000 000.00 | 1 015 187.50 | 0.03 |
| USD	SUNAC CHINA HOLDINGS LTD-REG-S 7.95000% 19-11.10.23 | 9 600 000.00 | 10 102 800.00 | 0.28 |
| USD	SUNAC CHINA HOLDINGS LTD-REG-S 6.50000% 20-10.01.25 | 3 500 000.00 | 3 588 593.75 | 0.10 |
| USD	THETA CAPITAL PTE LTD-REG-S 8.12500% 20-22.01.25 | 21 400 000.00 | 22 374 556.00 | 0.61 |
| USD	TIMES CHINA HOLDINGS LTD-REG-S 7.85000% 18-04.06.21 | 12 469 000.00 | 2 773 382.68 | 0.08 |
| USD	TIMES CHINA HOLDINGS LTD-REG-S 7.62500% 19-21.02.22 | 12 000 000.00 | 12 135 000.00 | 0.33 |
| USD	TIMES CHINA HOLDINGS LTD-REG-S 5.75000% 21-14.01.27 | 14 004 000.00 | 13 583 880.00 | 0.37 |
| USD	TSINGHUA UNIC LTD *DEFAULTED*-REG-S 5.37500% 18-31.01.23 | 7 475 000.00 | 2 370 042.19 | 0.06 |
| USD	VEDANTA RESOURCES FINANCE II PLC-REG-S 9.25000% 19-23.04.26 | 2 000 000.00 | 1 798 500.00 | 0.05 |
| USD	VEDANTA RESOURCES FINANCE II PLC-REG-S 8.00000% 19-23.04.23 | 15 865 000.00 | 15 233 374.68 | 0.42 |
| USD	VEDANTA RESOURCES FINANCE II PLC-REG-S 8.95000% 21-11.03.25 | 2 500 000.00 | 2 482 031.25 | 0.07 |
| USD	WANDA PROPERTIES INTERNATIONAL-REG-S 7.25000% 14-19.01.24 | 1 500 000.00 | 1 488 562.49 | 0.04 |
| USD	WANDA PROPERTIES OVERSEAS LTD-REG-S 6.95000% 19-05.12.22 | 4 000 000.00 | 3 988 250.00 | 0.11 |
| USD	WANDA PROPERTIES OVERSEAS LTD-REG-S 6.87500% 20-23.07.23 | 11 000 000.00 | 10 837 062.50 | 0.30 |
| USD	YANLORD LAND HK CO LTD-REG-S 6.75000% 18-23.04.23 | 6 000 000.00 | 6 226 125.00 | 0.17 |
| USD	YUZHOU PROPERTIES CO LTD-REG-S 8.50000% 19-04.02.23 | 1 000 000.00 | 995 000.00 | 0.03 |
| USD	YUZHOU PROPERTIES CO LTD-REG-S 8.50000% 19-26.02.24 | 4 000 000.00 | 3 860 000.00 | 0.11 |
| USD	YUZHOU PROPERTIES CO LTD-REG-S 8.30000% 19-27.05.25 | 2 525 000.00 | 2 341 937.50 | 0.06 |
| USD	ZHENRO PROPERTIES GROUP LTD-REG-S 6.63000% 21-07.01.26 | 10 450 000.00 | 9 945 787.50 | 0.27 |
| USD	ZHENRO PROPERTIES GROUP LTD-REG-S 6.70000% 21-04.08.26 | 18 000 000.00 | 17 083 125.00 | 0.47 |
| USD	ZOOMLION HK SPV CO LTD-REG-S 6.12500% 12-20.12.22 | 1 250 000.00 | 1 306 762.50 | 0.04 |
| Total USD |  | 912 435 034.60 | 24.88 |
| Total Anleihen, fester Zins |  | 912 435 034.60 | 24.88 |
| UBS (Lux) Bond SICAV – Asian High Yield (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) |  |

Anleihen, variabler Zins
| USD |  |
| --- | --- |
| USD | AGILE GROUP HOLDINGS LTD-REG-S 7.875%/VAR 19-PRP | 28 000 000.00 | 28 766 500.00 | 0.78 |
| USD | AGILE GROUP HOLDINGS LTD-REG-S 7.750%/VAR 19-PRP | 6 000 000.00 | 6 094 875.00 | 0.17 |
| USD | BANK OF COMM HONG KONG LTD-REG-S-SUB VAR 3.725%/VAR 20-PRP | 20 000 000.00 | 20 450 000.00 | 0.56 |
| USD | BANK OF COMMUNICATIONS CO LTD-REG-S-SUB 3.800%/VAR 20-PRP | 26 143 000.00 | 26 924 022.13 | 0.73 |
| USD | BANK OF EAST ASIA LTD/THE-REG-S-SUB 5.625%/VAR 17-PRP | 2 470 000.00 | 2 522 178.75 | 0.07 |
| USD | BANK OF EAST ASIA LTD/THE-REG-S-SUB 5.875%/VAR 19-PRP | 8 322 000.00 | 8 860 100.52 | 0.24 |
| USD | BAOXIN AUTO FINANCE I LTD-REG-S 5.625%/VAR 17-PRP | 2 900 000.00 | 2 155 606.25 | 0.06 |
| USD | CHALIECO HONG KONG CORP LTD-REG-S 5.000%/VAR 19-PRP | 1 575 000.00 | 1 584 646.88 | 0.04 |
| USD | CHINA MINMETALS CORP-REG-S 3.750%/VAR 17-PRP | 500 000.00 | 506 656.25 | 0.01 |
| USD | CIFI HOLDINGS GROUP CO LTD-REG-S 5.375%/VAR 17-PRP | 12 000 000.00 | 12 163 500.00 | 0.33 |
| USD | ESTATE SKY LTD-REG-S 5.750%/VAR 17-PRP | 1 900 000.00 | 1 725 782.90 | 0.05 |
| USD | FRANSHION BRILLIANT LTD-REG-S-SUB 5.750%/VAR 17-PRP | 17 550 000.00 | 17 111 250.00 | 0.47 |
| USD | FRANSHION BRILLIANT LTD-REG-S-SUB 4.875%/VAR 17-PRP | 2 000 000.00 | 1 696 000.00 | 0.05 |
| USD | INDUSTRIAL & COMMERC BK OF CHINA-REG-S-SUB 3.580%/VAR 20-PRP | 3 410 000.00 | 3 514 005.00 | 0.10 |
| USD | KING TALENT MANAGEMENT LTD-REG-S-SUB 5.600%/VAR 17-PRP | 17 290 000.00 | 15 131 991.87 | 0.41 |
| USD | NETWORK I2I LTD-REG-S-SUB 5.650%/VAR 19-PRP | 27 375 000.00 | 29 039 742.19 | 0.79 |
| USD | NWD FINANCE BVI LTD-REG-S 5.250%/VAR 20-PRP | 11 625 000.00 | 12 438 811.61 | 0.34 |
| USD | PETRON CORP-REG-S 4.600%/VAR 18-PRP | 1 190 000.00 | 1 194 685.62 | 0.03 |
| USD | PETRON CORP-REG-S 5.950%/VAR 21-PRP | 26 925 000.00 | 28 136 625.00 | 0.77 |
| USD | POSTAL SAVINGS BANK OF CHINA-REG-S-SUB 4.500%/VAR 17-PRP | 20 725 000.00 | 21 376 542.18 | 0.58 |
| USD | RAKUTEN GROUP INC-REG-S-SUB 5.125%/VAR 21-PRP | 16 675 000.00 | 17 216 937.50 | 0.47 |
| USD | RAKUTEN GROUP INC-REG-S-SUB 6.250%/VAR 21-PRP | 26 675 000.00 | 28 575 593.75 | 0.78 |
| USD | ROYAL CAPITAL BV-REG-S 4.875%/VAR 16-PRP | 7 000 000.00 | 7 277 060.00 | 0.20 |
| USD | SHUI ON DEVELOPMENT HOLDING LTD-REG-S 6.400%/VAR 17-PRP | 5 500 000.00 | 5 576 656.25 | 0.15 |
| USD | SINO OCEAN LAND TREASURE-REG-S-SUB 4.900%/VAR 17-PRP | 24 745 000.00 | 21 726 110.00 | 0.59 |
| USD | SMC GLOBAL POWER HOLDINGS CORP-REG-S 6.500%/VAR 19-PRP | 3 500 000.00 | 3 615 500.00 | 0.10 |
| USD | SMC GLOBAL POWER HOLDINGS CORP-REG-S 5.700%/VAR 20-PRP | 3 325 000.00 | 3 380 693.75 | 0.09 |
| USD | SMC GLOBAL POWER HOLDINGS CORP-REG-S 7.000%/VAR 20-PRP | 43 200 000.00 | 46 043 100.00 | 1.26 |
| Total USD |  |  | 374 805 173.40 | 10.22 |
| Total Anleihen, variabler Zins |  | 374 805 173.40 | 10.22 |
| Wandelanleihen, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	BANK OF CHINA LTD-REG-S-SUB 3.600%/VAR 20-PRP | 15 000 000.00 | 15 427 500.00 | 0.42 |
| USD	KRUNG THAI/CAYMAN ISLANDS-REG-S-SUB COCO 4.400%/VAR 21-PRP | 31 575 000.00 | 31 819 390.50 | 0.87 |
| Total USD |  | 47 246 890.50 | 1.29 |
| Total Wandelanleihen, variabler Zins | 47 246 890.50 | 1.29 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 3 485 452 977.62 | 95.03 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Notes, fester Zins |  |  |
| USD |  |  |
| USD	RONSHINE CHINA HOLDINGS LTD-REG-S 5.25000% 20-03.12.21	9 000 000.00 | 8 931 581.10 | 0.24 |
| Total USD | 8 931 581.10 | 0.24 |
| Total Notes, fester Zins | 8 931 581.10 | 0.24 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden | 8 931 581.10 | 0.24 |

Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Notes, fester Zins
| USD |  |
| --- | --- |
| USD | KAISA GROUP HOLDINGS LTD-REG-S 11.65000 21-01.06.26 | 12 250 000.00 | 12 110 634.20 | 0.33 |
| Total USD |  |  | 12 110 634.20 | 0.33 |
| Total Notes, fester Zins |  | 12 110 634.20 | 0.33 |
| Total Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden |  | 12 110 634.20 | 0.33 |
| Total des Wertpapierbestandes |  | 3 506 495 192.92 | 95.60 |
| Derivative Instrumente |  |  |  |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Finanzterminkontrakte auf Anleihen |  |  |  |
|  |  |  |  |
| USD	US 10YR TREASURY NOTE FUTURE 21.09.21 | -1 000.00 | -203 125.00 | -0.01 |
| Total Finanzterminkontrakte auf Anleihen |  | -203 125.00 | -0.01 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | -203 125.00 | -0.01 |
| Total Derivative Instrumente |  | -203 125.00 | -0.01 |

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

Devisenterminkontrakte
Gekaufte Währung/ Gekaufter Betrag/Verkaufte Währung/Verkaufter Betrag/Fälligkeitsdatum
| USD | 2 912 825.29 | CNH | 19 040 000.00 | 15.6.2021 | -72 970.84 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 103 220 000.00 | KRW | 116 535 380 000.00 | 15.6.2021 | -1 868 024.86 | -0.05 |
| USD | 34 407 500.00 | IDR | 503 450 540 000.00 | 15.6.2021 | -896 816.77 | -0.02 |
| USD | 34 407 500.00 | IDR | 503 450 540 000.00 | 15.6.2021 | -896 816.77 | -0.03 |
| USD | 72 225 000.00 | KRW | 81 751 477 500.00 | 15.6.2021 | -1 495 970.40 | -0.04 |
| KRW | 198 286 857 500.00 | USD | 177 498 261.15 | 15.6.2021 | 1 310 734.12 | 0.03 |
| IDR | 503 450 540 000.00 | USD | 34 207 187.37 | 15.6.2021 | 1 097 129.40 | 0.03 |
| IDR | 503 450 540 000.00 | USD | 34 207 187.37 | 15.6.2021 | 1 097 129.40 | 0.03 |
| SGD | 140 328 400.00 | USD | 105 444 905.48 | 28.6.2021 | 780 271.15 | 0.02 |
| GBP | 125 430 000.00 | USD | 177 869 636.43 | 28.6.2021 | 434 997.91 | 0.01 |
| CHF | 49 727 700.00 | USD | 55 668 534.68 | 28.6.2021 | -341 819.24 | -0.01 |
| SEK | 105 737 100.00 | USD | 12 812 479.52 | 28.6.2021 | -58 502.68 | 0.00 |
| ZAR | 15 887 400.00 | USD | 1 141 018.33 | 28.6.2021 | 13 244.71 | 0.00 |
| EUR | 432 187 300.00 | USD | 530 177 558.72 | 28.6.2021 | -1 518 933.53 | -0.04 |
| AUD | 7 617 000.00 | USD | 5 915 742.29 | 28.6.2021 | -19 144.42 | 0.00 |
| CHF | 668 500.00 | USD | 746 761.67 | 28.6.2021 | -2 992.92 | 0.00 |
| GBP | 3 888 300.00 | USD | 5 497 799.57 | 28.6.2021 | 29 601.45 | 0.00 |
| SGD | 2 287 400.00 | USD | 1 727 021.31 | 28.6.2021 | 4 484.71 | 0.00 |
| SEK | 1 550 300.00 | USD | 187 070.36 | 28.6.2021 | -73.65 | 0.00 |
| ZAR | 187 000.00 | USD | 13 519.27 | 28.6.2021 | 66.79 | 0.00 |
| EUR | 6 165 600.00 | USD | 7 521 983.29 | 28.6.2021 | 19 880.20 | 0.00 |
| AUD | 360 200.00 | USD | 278 571.48 | 1.6.2021 | 241.33 | 0.00 |
| USD | 278 597.88 | AUD | 360 200.00 | 28.6.2021 | -246.09 | 0.00 |
| Total Devisenterminkontrakte | -2 384 531.00 | -0.07 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 110 877 118.15 * | 3.03 |
| Kontokorrentkredit und andere kurzfristige Verbindlichkeiten | -221 122.34 | -0.01 |
| Andere Aktiva und Passiva | 53 220 849.71 | 1.46 |
| Total des Nettovermögens | 3 667 784 382.44 | 100.00 |

* Zum 31. Mai 2021 wurden gegenüber Bank of America Bankguthaben in Höhe von USD 1 040 000.00, Citibank Bankguthaben in Höhe von USD 2 270 000.00 und Standard Chartered Bank Bankguthaben in Höhe von USD 10 000.00 als Sicherheit eingesetzt.
UBS (Lux) Bond SICAV – Asian High Yield (USD)
Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021