# UBS (Lux) Bond SICAV – USD High Yield (USD)
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 31.5.2021 | 31.5.2020 | 31.5.2019 |
| Net assets in USD |  | 1 416 618 042.26 | 1 032 935 408.27 | 965 150 659.20 |
| Class F-acc | LU0396369489 |  |  |  |
| Shares outstanding |  | 367 127.2680 | 458 803.7680 | 405 301.5000 |
| Net asset value per share in USD |  | 351.70 | 311.96 | 310.04 |
| Issue and redemption price per share in USD 1 |  | 351.70 | 311.96 | 310.04 |
| Class I-A1-acc | LU0396369992 |  |  |  |
| Shares outstanding |  | 232 057.9190 | 349 734.4130 | 246 762.3270 |
| Net asset value per share in USD |  | 173.32 | 153.89 | 153.10 |
| Issue and redemption price per share in USD 1 |  | 173.32 | 153.89 | 153.10 |
| Class I-A2-mdist 2 | LU0862612198 |  |  |  |
| Shares outstanding |  | - | - | 11 399.6270 |
| Net asset value per share in USD |  | - | - | 94.37 |
| Issue and redemption price per share in USD 1 |  | - | - | 94.37 |
| Class I-B-acc | LU0396370651 |  |  |  |
| Shares outstanding |  | 313 525.4260 | 197 567.4270 | 47 297.4590 |
| Net asset value per share in USD |  | 184.68 | 163.07 | 161.34 |
| Issue and redemption price per share in USD 1 |  | 184.68 | 163.07 | 161.34 |
| Class (CHF hedged) I-B-acc 3 | LU2219379455 |  |  |  |
| Shares outstanding Net asset value per share in CHF Issue and redemption price per share in CHF 1 |  | - - - | - - - | - - - |
| Class (EUR hedged) I-B-acc 4 | LU1023284349 |  |  |  |
| Shares outstanding |  | 232 929.4170 | - | - |
| Net asset value per share in EUR |  | 110.14 | - | - |
| Issue and redemption price per share in EUR 1 |  | 110.14 | - | - |
| Class I-X-acc | LU0396370818 |  |  |  |
| Shares outstanding |  | 50 712.4560 | 47 282.2030 | 98 607.5200 |
| Net asset value per share in USD |  | 185.90 | 164.04 | 162.18 |
| Issue and redemption price per share in USD 1 |  | 185.90 | 164.04 | 162.18 |
| Class (CHF hedged) I-X-acc | LU1819711182 |  |  |  |
| Shares outstanding |  | 235 648.8920 | 219 742.0300 | 204 287.4650 |
| Net asset value per share in CHF |  | 112.99 | 100.93 | 102.84 |
| Issue and redemption price per share in CHF 1 |  | 112.99 | 100.93 | 102.84 |
| Class (EUR hedged) I-X-acc | LU1554276805 |  |  |  |
| Shares outstanding |  | 115 100.2590 | 13 000.2590 | 13 005.8120 |
| Net asset value per share in EUR |  | 117.58 | 104.84 | 106.23 |
| Issue and redemption price per share in EUR 1 |  | 117.58 | 104.84 | 106.23 |
| Class K-X-acc | LU1801154631 |  |  |  |
| Shares outstanding |  | 132 177.7600 | 119 862.4900 | 30 088.6090 |
| Net asset value per share in USD |  | 113.56 | 100.25 | 99.16 |
| Issue and redemption price per share in USD 1 |  | 113.56 | 100.25 | 99.16 |
| Class P-6%-mdist | LU1076698411 |  |  |  |
| Shares outstanding |  | 99 608.5830 | 90 678.9810 | 84 982.5020 |
| Net asset value per share in USD |  | 85.98 | 81.54 | 86.67 |
| Issue and redemption price per share in USD 1 |  | 85.98 | 81.54 | 86.67 |
| Class P-acc | LU0070848972 |  |  |  |
| Shares outstanding |  | 227 041.7970 | 256 026.4060 | 304 680.8520 |
| Net asset value per share in USD |  | 330.63 | 295.58 | 296.04 |
| Issue and redemption price per share in USD 1 |  | 330.63 | 295.58 | 296.04 |
| Class (CHF hedged) P-acc | LU0566797311 |  |  |  |
| Shares outstanding |  | 118 748.9590 | 136 441.1120 | 154 929.4420 |
| Net asset value per share in CHF |  | 141.97 | 128.55 | 132.73 |
| Issue and redemption price per share in CHF 1 |  | 141.97 | 128.55 | 132.73 |
| Class P-mdist | LU0459103858 |  |  |  |
| Shares outstanding |  | 1 363 641.5960 | 1 137 564.7250 | 1 351 553.9830 |
| Net asset value per share in USD |  | 83.71 | 79.68 | 85.19 |
| Issue and redemption price per share in USD 1 |  | 83.71 | 79.68 | 85.19 |
| Class (ZAR hedged) P-mdist 5 | LU2185883449 |  |  |  |
| Shares outstanding |  | 16 247.5270 | - | - |
| Net asset value per share in ZAR |  | 1 026.58 | - | - |
| Issue and redemption price per share in ZAR 1 |  | 1 026.58 | - | - |

UBS (Lux) Bond SICAV – USD 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 Q-6%-mdist | LU1240777455 |  |  |  |
| Shares outstanding |  | 40 267.0040 | 9 594.0930 | 6 245.2470 |
| Net asset value per share in USD |  | 101.73 | 95.97 | 101.44 |
| Issue and redemption price per share in USD 1 |  | 101.73 | 95.97 | 101.44 |
| Class Q-acc | LU0396369646 |  |  |  |
| Shares outstanding |  | 107 842.2980 | 98 333.1700 | 143 384.7100 |
| Net asset value per share in USD |  | 138.90 | 123.50 | 123.03 |
| Issue and redemption price per share in USD 1 |  | 138.90 | 123.50 | 123.03 |
| Class (CHF hedged) Q-acc | LU1240777299 |  |  |  |
| Shares outstanding |  | 132 746.1170 | 150 824.0710 | 165 218.9730 |
| Net asset value per share in CHF |  | 121.61 | 109.51 | 112.47 |
| Issue and redemption price per share in CHF 1 |  | 121.61 | 109.51 | 112.47 |
| Class (EUR hedged) Q-acc | LU1004768518 |  |  |  |
| Shares outstanding |  | 16 541.0130 | 16 827.3040 | 13 430.1790 |
| Net asset value per share in EUR |  | 125.06 | 112.42 | 114.81 |
| Issue and redemption price per share in EUR 1 |  | 125.06 | 112.42 | 114.81 |
| Class Q-mdist | LU1240777539 |  |  |  |
| Shares outstanding |  | 83 696.0340 | 61 346.6530 | 58 678.5890 |
| Net asset value per share in USD |  | 98.03 | 92.80 | 98.67 |
| Issue and redemption price per share in USD 1 |  | 98.03 | 92.80 | 98.67 |
| Class U-X-acc | LU0396371030 |  |  |  |
| Shares outstanding |  | 37 048.9790 | 27 250.8860 | 24 805.7340 |
| Net asset value per share in USD |  | 21 659.74 | 19 112.37 | 18 896.80 |
| Issue and redemption price per share in USD 1 |  | 21 659.74 | 19 112.37 | 18 896.80 |
| Class U-X-UKdist-mdist | LU1839734875 |  |  |  |
| Shares outstanding |  | 1 893.0000 | 902.0000 | 543.0000 |
| Net asset value per share in USD |  | 10 275.57 | 9 477.03 | 10 049.67 |
| Issue and redemption price per share in USD 1 |  | 10 275.57 | 9 477.03 | 10 049.67 |
| 1  See note 1 2  The share class I-A2-mdist was in circulation until 24.2.2020 3  For the period from 4.9.2020 to 30.4.2021 the share class (CHF hedged) I-B-acc was in circulation 4  First NAV: 9.7.2020 5  First NAV: 22.9.2020 |  |  |  |  |
| Performance |  |  |  |  |
|  | Currency | 2020/2021 | 2019/2020 | 2018/2019 |
| Class F-acc | USD | 12.7% | 0.6% | 5.8% |
| Class I-A1-acc | USD | 12.6% | 0.5% | 5.7% |
| Class I-A2-mdist 1 | USD | - | - | 5.7% |
| Class I-B-acc | USD | 13.3% | 1.1% | 6.3% |
| Class (CHF hedged) I-B-acc 2 | CHF | - | - | - |
| Class (EUR hedged) I-B-acc 3 | EUR | - | - | - |
| Class I-X-acc | USD | 13.3% | 1.1% | 6.3% |
| Class (CHF hedged) I-X-acc | CHF | 11.9% | -1.9% | 3.0% |
| Class (EUR hedged) I-X-acc | EUR | 12.2% | -1.3% | 3.3% |
| Class K-X-acc | USD | 13.3% | 1.1% | N/A |
| Class P-6%-mdist | USD | 11.9% | -0.2% | 5.0% |
| Class P-acc | USD | 11.9% | -0.2% | 5.0% |
| Class (CHF hedged) P-acc | CHF | 10.4% | -3.1% | 1.6% |
| Class P-mdist | USD | 11.9% | -0.2% | 5.0% |
| Class (ZAR hedged) P-mdist 3 | ZAR | - | - | - |
| Class Q-6%-mdist | USD | 12.5% | 0.4% | 5.5% |
| Class Q-acc | USD | 12.5% | 0.4% | 5.5% |
| Class (CHF hedged) Q-acc | CHF | 11.0% | -2.6% | 2.2% |
| Class (EUR hedged) Q-acc | EUR | 11.2% | -2.1% | 2.5% |
| Class Q-mdist | USD | 12.5% | 0.4% | 5.5% |
| Class U-X-acc | USD | 13.3% | 1.1% | 6.3% |
| Class U-X-UKdist-mdist | USD | 13.3% | 1.1% | - |
| Benchmark: |  |  |  |  |
| ICE BofAML US High Yield Cash Pay Constrained Index | USD | 15.0% | 0.4% | 5.4% |
| ICE BofAML US High Yield Cash Pay Constrained Index (hedged CHF) | CHF | 13.3% | -2.6% | 1.9% |
| ICE BofAML US High Yield Cash Pay Constrained Index (hedged EUR) | EUR | 13.5% | -2.2% | 2.3% |
| ICE BofAML US High Yield Cash Pay Constrained Index (hedged ZAR) | ZAR | 15.0% | 0.4% | 5.4% |

1 
The share class I-A2-mdist was in circulation until 24.2.2020. Due to this fact, there is no data for the calculation of the performance available.
2 
For the period from 4.9.2020 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.
3 
Due to the recent launch, there is no data for the calculation of the performance available.
Historical performance is no indicator of current or future performance.
The performance data does not take account of any commissions and costs charged when subscribing and redeeming shares. The performance data were not audited.
UBS (Lux) Bond SICAV – USD High Yield (USD)
Annual report and audited financial statements as of 31 May 2021

## Report of the Portfolio Manager
For the period from 1 June 2020 to 31 May 2021, the US high yield market generated a strong positive absolute total return driven by the significant spread tightening. The main focus during the period was the substantial intervention by Central Banks around the world to sup- port economies as well as the positive vaccine news and vaccine roll-out programmes. The positive news flow, improving growth outlook and investors searching for yield continues to support the asset class.
On a net of fees basis the fund delivered a positive abso- lute performance during the period from 1 June 2020 to 31 May 2021. The main negative contributor to perfor- mance was our allocation to Energy driven by a cautious stance to the sector and issue selection. Other detractors included Retail and Autos. Positive contributors inclu- ded our preference for Telecoms and the allocation to Building Materials. From a sector positioning perspective we ended the period favouring sectors such as Capital Goods, Services and Building Materials.

## Structure of the Securities Portfolio
Geographical Breakdown as a % of net assets	
| United States | 76.85 |
| --- | --- |
| Canada | 5.04 |
| Luxembourg | 3.79 |
| United Kingdom | 1.97 |
| France | 1.16 |
| Ireland | 1.01 |
| The Netherlands | 0.86 |
| Denmark | 0.58 |
| Italy | 0.39 |
| Spain | 0.37 |
| Germany | 0.35 |
| Cayman Islands | 0.34 |
| Belgium | 0.33 |
| Marshall Islands | 0.28 |
| Panama | 0.28 |
| Brazil | 0.18 |
| Liberia | 0.14 |
| Australia | 0.12 |
| Multinationals | 0.10 |
| Total | 94.14 |

Economic Breakdown as a % of net assets	
Finance & holding companies	27.59
| Petroleum | 7.89 |
| --- | --- |
| Telecommunications | 6.45 |
| Healthcare & social services | 6.03 |
| Building industry & materials | 5.26 |
| Lodging, catering & leisure | 4.07 |
| Miscellaneous services | 3.43 |
| Vehicles | 2.72 |
| Food & soft drinks | 2.64 |
| Traffic & transportation | 2.33 |
| Energy & water supply | 2.28 |
| Real Estate | 1.98 |
| Mining, coal & steel | 1.94 |
| Internet, software & IT services | 1.86 |
| Environmental services & recycling | 1.80 |
| Chemicals | 1.73 |
| Mechanical engineering & industrial equipment | 1.60 |
| Investment funds | 1.44 |
| Retail trade, department stores | 1.40 |
| Pharmaceuticals, cosmetics & medical products | 1.17 |
| Aerospace industry | 1.15 |
| Computer hardware & network equipment providers | 1.15 |
| Electrical devices & components | 0.99 |
| Banks & credit institutions | 0.97 |
| Textiles, garments & leather goods | 0.90 |
| Graphic design, publishing & media | 0.65 |
| Miscellaneous consumer goods | 0.62 |
| Precious metals & stones | 0.50 |
| Packaging industry | 0.44 |
| Mortgage & funding institutions | 0.34 |
| Non-ferrous metals | 0.29 |
| Miscellaneous unclassified companies | 0.25 |
| Forestry, paper & pulp products | 0.17 |
| Electronics & semiconductors | 0.07 |
| Agriculture & fishery | 0.04 |
| Total | 94.14 |

UBS (Lux) Bond SICAV – USD 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	1 302 113 291.83
Investments in securities, unrealized appreciation (depreciation)		31 508 612.59	 Total investments in securities (Note 1)			1 333 621 904.42
Cash at banks, deposits on demand and deposit accounts	78 659 384.21*
Other liquid assets (Margins)	1 567 219.09
Receivable on subscriptions	2 638 012.17
Interest receivable on securities	18 885 777.62
Total Assets	1 436 859 422.46
Liabilities
Unrealized gain on swaps (Note 1)	1 487 124.95
Unrealized loss on financial futures (Note 1)	-132 351.47
Unrealized loss on forward foreign exchange contracts (Note 1)	-403 169.25
Interest payable on bank overdraft	-3.40
Payable on securities purchases (Note 1)	-12 685 112.50
Payable on redemptions	-6 420 539.21
Provisions for flat fee (Note 2)	-519 622.07
Provisions for taxe d’abonnement (Note 3)	-41 970.70
Provisions for other commissions and fees (Note 2)		-38 611.60		 Total provisions			-600 204.37
Total Liabilities	-20 241 380.20
Net assets at the end of the financial year	1 416 618 042.26

## Statement of Operations
Income	1.6.2020-31.5.2021
USD
Interest on liquid assets	261.32
Interest on securities	56 527 589.25
Dividends	958 625.47
Interest received on swaps (Note 1)	1 420 067.14
Income on securities lending (Note 16)	91 925.67
Total income	63 026 089.41
Expenses
Other income (Note 4)	4 027 620.56
Interest paid on swaps (Note 1)	-1 042 305.22
Flat fee (Note 2)	-4 138 604.90
Taxe d’abonnement (Note 3)	-225 108.80
Cost on securities lending (Note 16)	-36 770.27
Other commissions and fees (Note 2)	-93 122.84
Net income (loss) on investments	57 474 574.65
Total expenses	-5 551 514.76
Interest on cash and bank overdraft	-15 602.73
Realized gain (loss) (Note 1)
Realized gain (loss) on market-priced securities without options	16 789 411.79
Realized gain (loss) on options	654 401.25
Realized gain (loss) on financial futures	180 696.10
Realized gain (loss) on forward foreign exchange contracts	-216 739.44
Realized gain (loss) on swaps	244 857.58
Total realized gain (loss)	18 222 980.54
Net realized gain (loss) of the financial year	75 697 555.19
Changes in unrealized appreciation (depreciation) (Note 1)
Realized gain (loss) on foreign exchange	570 353.26
Unrealized appreciation (depreciation) on market-priced securities without options	57 704 529.46
Unrealized appreciation (depreciation) on options	1 545.75
Unrealized appreciation (depreciation) on financial futures	-132 351.47
Unrealized appreciation (depreciation) on forward foreign exchange contracts	-83 571.64
Total changes in unrealized appreciation (depreciation)	60 599 103.40
Net increase (decrease) in net assets as a result of operations	136 296 658.59
Unrealized appreciation (depreciation) on swaps	3 108 951.30
* As at 31 May 2021, cash amounts serve as collateral for the counterparty JP Morgan for an amount of USD 11 000.00.
UBS (Lux) Bond SICAV – USD 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 | 1 032 935 408.27 |
| Subscriptions | 634 288 567.63 |
| Redemptions | 	-378 275 849.83	 |
| Total net subscriptions (redemptions) | 256 012 717.80 |
| Dividend paid | -8 626 742.40 |
| Net income (loss) on investments | 57 474 574.65 |
| Total realized gain (loss) | 18 222 980.54 |
| Total changes in unrealized appreciation (depreciation) | 	60 599 103.40	 |
| Net increase (decrease) in net assets as a result of operations | 136 296 658.59 |
| Net assets at the end of the financial year | 1 416 618 042.26 |
| 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 | 458 803.7680 |
| Number of shares issued | 12 155.0000 |
| Number of shares redeemed | -103 831.5000 |
| Number of shares outstanding at the end of the financial year | 367 127.2680 |
| Class | I-A1-acc |
| Number of shares outstanding at the beginning of the financial year | 349 734.4130 |
| Number of shares issued | 300 620.0050 |
| Number of shares redeemed | -418 296.4990 |
| Number of shares outstanding at the end of the financial year | 232 057.9190 |
| Class | I-B-acc |
| Number of shares outstanding at the beginning of the financial year | 197 567.4270 |
| Number of shares issued | 147 111.9990 |
| Number of shares redeemed | -31 154.0000 |
| Number of shares outstanding at the end of the financial year | 313 525.4260 |
| Class | (CHF hedged) I-B-acc |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 40 428.9630 |
| Number of shares redeemed | -40 428.9630 |
| 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 | 232 929.4170 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the financial year | 232 929.4170 |
| Class | I-X-acc |
| Number of shares outstanding at the beginning of the financial year | 47 282.2030 |
| Number of shares issued | 11 589.0090 |
| Number of shares redeemed | -8 158.7560 |
| Number of shares outstanding at the end of the financial year | 50 712.4560 |
| Class | (CHF hedged) I-X-acc |
| Number of shares outstanding at the beginning of the financial year | 219 742.0300 |
| Number of shares issued | 90 488.7580 |
| Number of shares redeemed | -74 581.8960 |
| Number of shares outstanding at the end of the financial year | 235 648.8920 |
| Class | (EUR hedged) I-X-acc |
| Number of shares outstanding at the beginning of the financial year | 13 000.2590 |
| Number of shares issued | 148 553.0950 |
| Number of shares redeemed | -46 453.0950 |
| Number of shares outstanding at the end of the financial year | 115 100.2590 |
| Class | K-X-acc |
| Number of shares outstanding at the beginning of the financial year | 119 862.4900 |
| Number of shares issued | 12 315.2700 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the financial year | 132 177.7600 |
| Class | P-6%-mdist |
| Number of shares outstanding at the beginning of the financial year | 90 678.9810 |
| Number of shares issued | 23 249.6830 |
| Number of shares redeemed | -14 320.0810 |
| Number of shares outstanding at the end of the financial year | 99 608.5830 |
| Class | P-acc |
| Number of shares outstanding at the beginning of the financial year | 256 026.4060 |
| Number of shares issued | 41 454.2580 |
| Number of shares redeemed | -70 438.8670 |
| Number of shares outstanding at the end of the financial year | 227 041.7970 |
| Class | (CHF hedged) P-acc |
| Number of shares outstanding at the beginning of the financial year | 136 441.1120 |
| Number of shares issued | 7 188.1800 |
| Number of shares redeemed | -24 880.3330 |
| Number of shares outstanding at the end of the financial year | 118 748.9590 |

UBS (Lux) Bond SICAV – USD High Yield (USD) Annual report and audited financial statements as of 31 May 2021
| Class | P-mdist |
| --- | --- |
| Number of shares outstanding at the beginning of the financial year | 1 137 564.7250 |
| Number of shares issued | 577 256.6360 |
| Number of shares redeemed | -351 179.7650 |
| Number of shares outstanding at the end of the financial year | 1 363 641.5960 |
| Class | (ZAR hedged) P-mdist |
| Number of shares outstanding at the beginning of the financial year | 0.0000 |
| Number of shares issued | 16 247.5270 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the financial year | 16 247.5270 |
| Class | Q-6%-mdist |
| Number of shares outstanding at the beginning of the financial year | 9 594.0930 |
| Number of shares issued | 42 279.9160 |
| Number of shares redeemed | -11 607.0050 |
| Number of shares outstanding at the end of the financial year | 40 267.0040 |
| Class | Q-acc |
| Number of shares outstanding at the beginning of the financial year | 98 333.1700 |
| Number of shares issued | 76 770.3570 |
| Number of shares redeemed | -67 261.2290 |
| Number of shares outstanding at the end of the financial year | 107 842.2980 |
| Class | (CHF hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year | 150 824.0710 |
| Number of shares issued | 4 075.8000 |
| Number of shares redeemed | -22 153.7540 |
| Number of shares outstanding at the end of the financial year | 132 746.1170 |
| Class | (EUR hedged) Q-acc |
| Number of shares outstanding at the beginning of the financial year | 16 827.3040 |
| Number of shares issued | 3 327.2690 |
| Number of shares redeemed | -3 613.5600 |
| Number of shares outstanding at the end of the financial year | 16 541.0130 |
| Class | Q-mdist |
| Number of shares outstanding at the beginning of the financial year | 61 346.6530 |
| Number of shares issued | 43 987.0610 |
| Number of shares redeemed | -21 637.6800 |
| Number of shares outstanding at the end of the financial year | 83 696.0340 |
| Class | U-X-acc |
| Number of shares outstanding at the beginning of the financial year | 27 250.8860 |
| Number of shares issued | 18 446.0000 |
| Number of shares redeemed | -8 647.9070 |
| Number of shares outstanding at the end of the financial year | 37 048.9790 |
| Class | U-X-UKdist-mdist |
| Number of shares outstanding at the beginning of the financial year | 902.0000 |
| Number of shares issued | 991.0000 |
| Number of shares redeemed | 0.0000 |
| Number of shares outstanding at the end of the financial year | 1 893.0000 |

| Monthly Distribution 1 |  |
| --- | --- |
| UBS (Lux) Bond SICAV – USD High Yield (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| P-6%-mdist | 10.6.2020 | 15.6.2020 | USD | 0.40 |
| P-6%-mdist | 10.7.2020 | 15.7.2020 | USD | 0.40 |
| P-6%-mdist | 10.8.2020 | 13.8.2020 | USD | 0.42 |
| P-6%-mdist | 10.9.2020 | 15.9.2020 | USD | 0.42 |
| P-6%-mdist | 12.10.2020 | 15.10.2020 | USD | 0.42 |
| P-6%-mdist | 10.11.2020 | 13.11.2020 | USD | 0.41 |
| P-6%-mdist | 10.12.2020 | 15.12.2020 | USD | 0.43 |
| P-6%-mdist | 11.1.2021 | 14.1.2021 | USD | 0.43 |
| P-6%-mdist | 10.2.2021 | 16.2.2021 | USD | 0.43 |
| P-6%-mdist | 10.3.2021 | 15.3.2021 | USD | 0.43 |
| P-6%-mdist | 12.4.2021 | 15.4.2021 | USD | 0.42 |
| P-6%-mdist | 10.5.2021 | 13.5.2021 | USD | 0.43 |
| P-mdist | 15.6.2020 | 18.6.2020 | USD | 0.46 |
| P-mdist | 15.7.2020 | 20.7.2020 | USD | 0.46 |
| P-mdist | 17.8.2020 | 20.8.2020 | USD | 0.46 |
| P-mdist | 15.9.2020 | 18.9.2020 | USD | 0.47 |
| P-mdist | 15.10.2020 | 20.10.2020 | USD | 0.46 |
| P-mdist | 16.11.2020 | 19.11.2020 | USD | 0.41 |
| P-mdist | 15.12.2020 | 18.12.2020 | USD | 0.42 |
| P-mdist | 15.1.2021 | 20.1.2021 | USD | 0.42 |
| P-mdist | 15.2.2021 | 18.2.2021 | USD | 0.42 |
| P-mdist | 15.3.2021 | 18.3.2021 | USD | 0.42 |
| P-mdist | 15.4.2021 | 20.4.2021 | USD | 0.42 |
| P-mdist | 17.5.2021 | 20.5.2021 | USD | 0.38 |
| (ZAR hedged) P-mdist | 15.10.2020 | 20.10.2020 | ZAR | 9.70 |
| (ZAR hedged) P-mdist | 16.11.2020 | 19.11.2020 | ZAR | 7.86 |
| (ZAR hedged) P-mdist | 15.12.2020 | 18.12.2020 | ZAR | 8.08 |
| (ZAR hedged) P-mdist | 15.1.2021 | 20.1.2021 | ZAR | 8.15 |
| 1  See note 5 |  |  |  |  |

UBS (Lux) Bond SICAV – USD High Yield (USD)
Annual report and audited financial statements as of 31 May 2021
| UBS (Lux) Bond SICAV – USD High Yield (USD) | Ex-Date | Pay-Date | Currency | Amount per share |
| --- | --- | --- | --- | --- |
| (ZAR hedged) P-mdist | 15.2.2021 | 18.2.2021 | ZAR | 8.12 |
| (ZAR hedged) P-mdist | 15.3.2021 | 18.3.2021 | ZAR | 8.09 |
| (ZAR hedged) P-mdist | 15.4.2021 | 20.4.2021 | ZAR | 8.08 |
| (ZAR hedged) P-mdist | 17.5.2021 | 20.5.2021 | ZAR | 8.95 |
| Q-6%-mdist | 10.6.2020 | 15.6.2020 | USD | 0.47 |
| Q-6%-mdist | 10.7.2020 | 15.7.2020 | USD | 0.47 |
| Q-6%-mdist | 10.8.2020 | 13.8.2020 | USD | 0.50 |
| Q-6%-mdist | 10.9.2020 | 15.9.2020 | USD | 0.50 |
| Q-6%-mdist | 12.10.2020 | 15.10.2020 | USD | 0.49 |
| Q-6%-mdist | 10.11.2020 | 13.11.2020 | USD | 0.49 |
| Q-6%-mdist | 10.12.2020 | 15.12.2020 | USD | 0.50 |
| Q-6%-mdist | 11.1.2021 | 14.1.2021 | USD | 0.51 |
| Q-6%-mdist | 10.2.2021 | 16.2.2021 | USD | 0.51 |
| Q-6%-mdist | 10.3.2021 | 15.3.2021 | USD | 0.50 |
| Q-6%-mdist | 12.4.2021 | 15.4.2021 | USD | 0.50 |
| Q-6%-mdist | 10.5.2021 | 13.5.2021 | USD | 0.51 |
| Q-mdist | 15.6.2020 | 18.6.2020 | USD | 0.54 |
| Q-mdist | 15.7.2020 | 20.7.2020 | USD | 0.54 |
| Q-mdist | 17.8.2020 | 20.8.2020 | USD | 0.54 |
| Q-mdist | 15.9.2020 | 18.9.2020 | USD | 0.54 |
| Q-mdist | 15.10.2020 | 20.10.2020 | USD | 0.53 |
| Q-mdist | 16.11.2020 | 19.11.2020 | USD | 0.48 |
| Q-mdist | 15.12.2020 | 18.12.2020 | USD | 0.49 |
| Q-mdist | 15.1.2021 | 20.1.2021 | USD | 0.49 |
| Q-mdist | 15.2.2021 | 18.2.2021 | USD | 0.49 |
| Q-mdist | 15.3.2021 | 18.3.2021 | USD | 0.49 |
| Q-mdist | 15.4.2021 | 20.4.2021 | USD | 0.49 |
| Q-mdist | 17.5.2021 | 20.5.2021 | USD | 0.45 |
| U-X-UKdist-mdist | 15.7.2020 | 20.7.2020 | USD | 42.14 |
| U-X-UKdist-mdist | 17.8.2020 | 20.8.2020 | USD | 44.92 |
| U-X-UKdist-mdist | 15.9.2020 | 18.9.2020 | USD | 43.82 |
| U-X-UKdist-mdist | 15.10.2020 | 20.10.2020 | USD | 39.23 |
| U-X-UKdist-mdist | 16.11.2020 | 19.11.2020 | USD | 37.82 |
| U-X-UKdist-mdist | 15.12.2020 | 18.12.2020 | USD | 51.89 |
| U-X-UKdist-mdist | 15.1.2021 | 20.1.2021 | USD | 23.93 |
| U-X-UKdist-mdist | 15.2.2021 | 18.2.2021 | USD | 41.57 |
| U-X-UKdist-mdist | 15.3.2021 | 18.3.2021 | USD | 37.61 |
| U-X-UKdist-mdist | 15.4.2021 | 20.4.2021 | USD | 44.20 |
| U-X-UKdist-mdist | 17.5.2021 | 20.5.2021 | USD | 39.10 |

UBS (Lux) Bond SICAV – USD 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 |  |  |  |
| EUR |  |  |  |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 8.00000% 19-15.05.27 | 3 400 000.00 | 4 472 826.36 | 0.32 |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 3 040 000.00 | 3 956 176.92 | 0.28 |
| EUR	ARD FINANCE SA-REG-S (PIK) 5.00000% 19-30.06.27 | 3 205 000.00 | 4 002 020.10 | 0.28 |
| EUR	CASINO GUICHARD PERRACHON SA-REG-S 6.62500% 20-15.01.26 | 3 150 000.00 | 4 077 614.17 | 0.29 |
| EUR	COGENT COMMUNICATIONS GROUP INC-REG-S 4.37500% 19-30.06.24 | 2 480 000.00 | 3 092 390.94 | 0.22 |
| EUR	DKT FINANCE APS-REG-S 7.00000% 18-17.06.23 | 4 900 000.00 | 6 098 822.73 | 0.43 |
| EUR	EDREAMS ODIGEO SA-REG-S 5.50000% 18-01.09.23 | 4 300 000.00 | 5 232 685.24 | 0.37 |
| EUR	HOUSE OF HR-REG-S-SUB 7.50000% 20-15.01.27 | 3 550 000.00 | 4 611 682.97 | 0.32 |
| EUR	PROMONTORIA HOLDING-REG-S 6.75000% 18-15.08.23 | 2 800 000.00 | 3 371 438.79 | 0.24 |
| EUR	SUMMER BC HOLDCO A SARL-REG-S 9.25000% 19-31.10.27 | 3 900 000.00 | 4 575 794.64 | 0.32 |
| Total EUR |  | 43 491 452.86 | 3.07 |
| GBP |  |  |  |
| GBP	PINNACLE BIDCO PLC-REG-S 6.37500% 18-15.02.25 | 2 575 000.00 | 3 694 499.04 | 0.26 |
| Total GBP |  | 3 694 499.04 | 0.26 |
| USD |  |  |  |
| USD	AECOM TECHNOLOGY CORP 5.12500% 17-15.03.27 | 5 595 000.00 | 6 189 468.75 | 0.44 |
| USD	ALTICE FINANCING SA-144A 5.00000% 20-15.01.28 | 3 710 000.00 | 3 681 692.70 | 0.26 |
| USD	ALTICE FRANCE HOLDING SA 6.00000% 20-15.02.28 | 4 000 000.00 | 3 920 000.00 | 0.28 |
| USD	ALTICE FRANCE SA/FRANCE-144A 5.12500% 21-15.07.29 | 3 000 000.00 | 2 974 380.00 | 0.21 |
| USD	ALTICE FRANCE-144A 7.37500% 16-01.05.26 | 713 000.00 | 741 462.96 | 0.05 |
| USD	APACHE CORP 4.87500% 20-15.11.27 | 990 000.00 | 1 039 500.00 | 0.07 |
| USD	APACHE CORP 5.10000% 10-01.09.40 | 2 875 000.00 | 2 966 913.75 | 0.21 |
| USD	ARDAGH PACKAGING FINANCE/MP-144A 4.12500% 19-15.08.26 | 725 000.00 | 742 218.75 | 0.05 |
| USD	ASHTEAD CAPITAL INC-144A 5.25000% 18-01.08.26 | 1 300 000.00 | 1 358 370.00 | 0.10 |
| USD	AVIS BUDGET CAR RENT LLC/FIN INC-144A 5.37500% 21-01.03.29 | 955 000.00 | 993 200.00 | 0.07 |
| USD	BANFF MERGER SUB INC-144A 9.75000% 18-01.09.26 | 2 290 000.00 | 2 424 537.50 | 0.17 |
| USD	BUCKEYE PARTNERS LP 5.85000% 13-15.11.43 | 1 200 000.00 | 1 164 000.00 | 0.08 |
| USD	BUCKEYE PARTNERS LP 5.60000% 14-15.10.44 | 990 000.00 | 951 964.20 | 0.07 |
| USD	BUCKEYE PARTNERS LP 4.12500% 17-01.12.27 | 1 760 000.00 | 1 751 200.00 | 0.12 |
| USD	CARNIVAL CORP-144A 7.62500% 20-01.03.26 | 3 615 000.00 | 3 953 906.25 | 0.28 |
| USD	CENTENE CORP 2.50000% 21-01.03.31 | 2 855 000.00 | 2 735 090.00 | 0.19 |
| USD	CENTENE CORP 3.00000% 20-15.10.30 | 4 840 000.00 | 4 840 000.00 | 0.34 |
| USD	CENTURYLINK INC 5.62500% 15-01.04.25 | 940 000.00 | 1 008 394.40 | 0.07 |
| USD	CENTURYLINK INC 7.50000% 16-01.04.24 | 2 300 000.00 | 2 576 000.00 | 0.18 |
| USD	COMMERCIAL METALS CO 3.87500% 21-15.02.31 | 955 000.00 | 943 062.50 | 0.07 |
| USD	COVANTA HOLDING CORP 6.00000% 18-01.01.27 | 1 540 000.00 | 1 607 375.00 | 0.11 |
| USD	COVANTA HOLDING CORP 5.00000% 20-01.09.30 | 1 730 000.00 | 1 781 900.00 | 0.13 |
| USD	CRESTWOOD MIDSTREAM PART LP/FIN 5.75000% 17-01.04.25 | 2 185 000.00 | 2 238 969.50 | 0.16 |
| USD	DANA INC 4.25000% 21-01.09.30 | 1 930 000.00 | 1 990 988.00 | 0.14 |
| USD	DANA INC 5.62500% 20-15.06.28 | 960 000.00 | 1 035 716.16 | 0.07 |
| USD	DANAOS CORP-REG-S 8.50000% 21-01.03.28 | 3 725 000.00 | 4 023 000.00 | 0.28 |
| USD	ENCOMPASS HEALTH CORP 4.50000% 19-01.02.28 | 5 370 000.00 | 5 544 525.00 | 0.39 |
| USD	EPR PROPERTIES 4.50000% 17-01.06.27 | 3 245 000.00 | 3 337 539.32 | 0.24 |
| USD	EQT CORP 3.90000% 17-01.10.27 | 5 150 000.00 | 5 499 685.00 | 0.39 |
| USD	EQT CORP 7.00000% 20-01.02.30 | 4 120 000.00 | 5 356 000.00 | 0.38 |
| USD	EQT MIDSTREAM PARTNERS LP 5.50000% 18-15.07.28 | 1 565 000.00 | 1 670 856.60 | 0.12 |
| USD	FIRSTENERGY CORP 4.85000% 17-15.07.47 | 3 020 000.00 | 3 496 858.00 | 0.25 |
| USD	FORD MOTOR CO 8.50000% 20-21.04.23 | 2 880 000.00 | 3 214 800.00 | 0.23 |
| USD	FORD MOTOR CO 9.00000% 20-22.04.25 | 1 850 000.00 | 2 260 274.50 | 0.16 |
| USD	FORD MOTOR CREDIT CO LLC 5.12500% 20-16.06.25 | 2 000 000.00 | 2 188 750.00 | 0.15 |
| USD	FORD MOTOR CREDIT CO LLC 5.11300% 19-03.05.29 | 4 770 000.00 | 5 230 161.90 | 0.37 |
| USD	FREEPORT-MCMORAN INC 5.40000% 14-14.11.34 | 2 825 000.00 | 3 348 514.88 | 0.24 |
| USD	FREEPORT-MCMORAN INC 4.25000% 20-01.03.30 | 3 475 000.00 | 3 737 015.00 | 0.26 |
| USD	GENESIS ENERGY LP 8.00000% 20-15.01.27 | 4 980 000.00 | 5 116 950.00 | 0.36 |
| USD	HCA INC 3.50000% 20-01.09.30 | 3 635 000.00 | 3 735 689.50 | 0.26 |
| USD	INTERNATIONAL GAME TECHNOLOGY PLC-144A 6.50000% 15-15.02.25 | 1 995 000.00 | 2 210 200.65 | 0.16 |
| USD	INTERNATIONAL GAME TECHNOLOGY PLC-144A 6.25000% 18-15.01.27 | 1 320 000.00 | 1 495 784.40 | 0.11 |
| USD	ISTAR INC 5.50000% 20-15.02.26 | 4 205 000.00 | 4 319 880.60 | 0.31 |
| USD	JAGUAR LAND ROVER AUTOMOTIVE PLC-144A 7.75000% 20-15.10.25 | 2 500 000.00 | 2 708 600.00 | 0.19 |
| USD	JAGUAR LAND ROVER AUTOMOTIVE PLC-114A 5.87500% 20-15.01.28 | 2 600 000.00 | 2 648 880.00 | 0.19 |
| USD	KB HOME 6.87500% 19-15.06.27 | 6 075 000.00 | 7 183 687.50 | 0.51 |
| USD	KRAFT HEINZ FOODS CO 6.87500% 12-26.01.39 | 2 050 000.00 | 2 813 954.76 | 0.20 |
| USD	KRAFT HEINZ FOODS CO 5.00000% 16-15.07.35 | 3 280 000.00 | 3 872 547.48 | 0.27 |
| USD	KRAFT HEINZ FOODS CO 5.20000% 16-15.07.45 | 3 365 000.00 | 3 973 542.58 | 0.28 |
| USD	L BRANDS INC 6.87500% 15-01.11.35 | 2 250 000.00 | 2 711 250.00 | 0.19 |
| USD	LEVEL 3 FINANCING INC 5.25000% 17-15.03.26 | 5 760 000.00 | 5 936 889.60 | 0.42 |
| USD	MGM GROWTH POP LP/C0-ISSUER INC 4.50000% 17-01.09.26 | 4 487 000.00 | 4 745 047.37 | 0.34 |
| USD	MURPHY OIL CORP 6.37500% 21-15.07.28 | 955 000.00 | 1 002 750.00 | 0.07 |
| USD	MURPHY OIL CORP 6.87500% 16-15.08.24 | 2 360 000.00 | 2 416 640.00 | 0.17 |
| USD	NEPTUNE ENERGY BONDCO PLC-144A 6.62500% 18-15.05.25 | 2 650 000.00 | 2 712 328.00 | 0.19 |
| USD	NEWELL BRANDS INC 5.50000% 16-01.04.46 | 2 000 000.00 | 2 535 000.00 | 0.18 |
| USD	NOVA CHEMICALS CORP-144A 4.25000% 21-15.05.29 | 2 415 000.00 | 2 421 580.88 | 0.17 |
| USD	NUSTAR LOGISTICS LP 5.62500% 17-28.04.27 | 3 295 000.00 | 3 480 936.85 | 0.25 |
| USD	OCCIDENTAL PETROLEUM CORP 3.40000% 16-15.04.26 | 1 625 000.00 | 1 584 375.00 | 0.11 |
| USD	OCCIDENTAL PETROLEUM CORP 8.50000% 20-15.07.27 | 5 525 000.00 | 6 708 952.25 | 0.47 |
| USD	OCCIDENTAL PETROLEUM CORP 6.37500% 20-01.09.28 | 4 125 000.00 | 4 587 330.00 | 0.32 |
| USD	OCCIDENTAL PETROLEUM CORP 6.62500% 20-01.09.30 | 1 485 000.00 | 1 701 691.20 | 0.12 |
| USD	OCCIDENTAL PETROLEUM CORP 5.50000% 20-01.12.25 | 240 000.00 | 258 000.00 | 0.02 |
| USD	OCEANEERING INTERNATIONAL INC 4.65000% 14-15.11.24 | 3 400 000.00 | 3 408 500.00 | 0.24 |
| USD	OPEN TEXT CORP-144A 5.87500% 16-01.06.26 | 2 405 000.00 | 2 482 657.45 | 0.18 |
| USD	PAR PHARMACEUTICAL INC-REG-S 7.50000% 19-01.04.27 | 362 000.00 | 369 240.00 | 0.03 |
| USD	PRIMO WATER HOLDINGS INC-144A 4.37500% 21-30.04.29 | 5 310 000.00 | 5 312 362.94 | 0.38 |
| USD	RENEWABLE ENERGY GROUP INC-144A 5.87500% 21-01.06.28 | 3 430 000.00 | 3 568 229.00 | 0.25 |
| USD	ROYAL CARIBBEAN CRUISES LTD 7.50000% 97-15.10.27 | 1 700 000.00 | 1 997 500.00 | 0.14 |
| USD	SERVICE CORP INTERNATIONAL 5.12500% 19-01.06.29 | 4 900 000.00 | 5 303 760.00 | 0.37 |

UBS (Lux) Bond SICAV – USD 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 | SOUTHWESTERN ENERGY CO 7.50000% 17-01.04.26 | 3 410 000.00 | 3 602 665.00 | 0.25 |
| USD | SOUTHWESTERN ENERGY CO 8.37500% 20-15.09.28 | 1 200 000.00 | 1 329 672.00 | 0.09 |
| USD | SPRINGLEAF FINANCE CORP 6.87500% 18-15.03.25 | 2 155 000.00 | 2 435 150.00 | 0.17 |
| USD | SPRINGLEAF FINANCE CORP 7.12500% 18-15.03.26 | 2 470 000.00 | 2 874 462.50 | 0.20 |
| USD | SPRINGLEAF FINANCE CORP 6.12500% 19-15.03.24 | 2 500 000.00 | 2 693 750.00 | 0.19 |
| USD | SPRINGLEAF FINANCE CORP 5.37500% 19-15.11.29 | 925 000.00 | 983 968.75 | 0.07 |
| USD | SPRINGLEAF FINANCE CORP 8.87500% 20-01.06.25 | 1 440 000.00 | 1 585 800.00 | 0.11 |
| USD | SPRINT CORP 7.62500% 15-15.02.25 | 2 345 000.00 | 2 772 657.65 | 0.20 |
| USD | SPRINT CORP 7.62500% 18-01.03.26 | 920 000.00 | 1 117 800.00 | 0.08 |
| USD | SPRINT CORP 7.87500% 14-15.09.23 | 1 200 000.00 | 1 359 732.00 | 0.10 |
| USD | T-MOBILE USA INC 2.87500% 21-15.02.31 | 235 000.00 | 226 619.90 | 0.02 |
| USD | TELECOM ITALIA CAPITAL 6.37500% 04-15.11.33 | 2 095 000.00 | 2 419 725.00 | 0.17 |
| USD | TELECOM ITALIA CAPITAL 7.20000% 06-18.07.36 | 940 000.00 | 1 164 721.10 | 0.08 |
| USD | TENET HEALTHCARE CORP 4.62500% 17-15.07.24 | 1 870 000.00 | 1 896 928.00 | 0.13 |
| USD | TENNECO AUTOMOTIVE INC-144A 5.12500% 21-15.04.29 | 2 730 000.00 | 2 730 000.00 | 0.19 |
| USD | TRANSDIGM INC-SUB 6.37500% 17-15.06.26 | 2 100 000.00 | 2 173 605.00 | 0.15 |
| USD | TREEHOUSE FOODS INC 4.00000% 20-01.09.28 | 495 000.00 | 492 232.95 | 0.04 |
| USD | TRI POINTE GROUP INC 5.25000% 17-01.06.27 | 1 245 000.00 | 1 329 037.50 | 0.09 |
| USD | TRI POINTE GROUP INC 5.70000% 20-15.06.28 | 1 205 000.00 | 1 319 475.00 | 0.09 |
| USD | TRIVIUM PACKAGING FINANCE BV-144A 5.50000% 19-15.08.26 | 200 000.00 | 208 500.00 | 0.01 |
| USD | TRIVIUM PACKAGING FINANCE BV-144A 8.50000% 19-15.08.27 | 200 000.00 | 214 922.00 | 0.02 |
| USD | UNITED AIRLINES INC-144A 4.62500% 21-15.04.29 | 1 200 000.00 | 1 239 774.00 | 0.09 |
| USD | UNITED RENTALS NORTH AMERICA INC 4.87500% 17-15.01.28 | 4 765 000.00 | 5 033 269.50 | 0.36 |
| USD | UNITED RENTALS NORTH AMERICA INC 3.87500% 19-15.11.27 | 2 335 000.00 | 2 454 575.35 | 0.17 |
| USD | UNITED STATES STEEL CORP 6.87500% 21-01.03.29 | 955 000.00 | 1 000 486.65 | 0.07 |
| USD | VIRGIN AUSTRALIA HOLD-REG-S *DEFAULTED* 7.87500% 16-15.10.21 | 2 839 000.00 | 262 607.50 | 0.02 |
| USD | VIRGIN MEDIA VENDOR FINANC-144A 5.00000% 20-15.07.28 | 3 635 000.00 | 3 675 893.75 | 0.26 |
| USD | WESTERN DIGITAL CORP 4.75000% 18-15.02.26 | 4 900 000.00 | 5 449 976.00 | 0.38 |
| USD | WESTERN GAS PARTNERS LP 5.45000% 14-01.04.44 | 1 020 000.00 | 1 054 827.90 | 0.07 |
| USD | WESTERN GAS PARTNERS LP 4.65000% 16-01.07.26 | 2 800 000.00 | 2 985 584.00 | 0.21 |
| USD | WESTERN MIDSTREAM OPERATING LP 3.10000% 20-01.02.25 | 1 880 000.00 | 1 959 900.00 | 0.14 |
| USD | ZIGGO BV-144A 4.87500% 19-15.01.30 | 1 250 000.00 | 1 280 937.50 | 0.09 |
| Total USD |  |  | 271 172 285.13 | 19.14 |
| Total Notes, fixed rate |  | 318 358 237.03 | 22.47 |
| Notes, floating rate |  |  |  |
| USD |  |  |  |
| USD	CREDIT AGRICOLE SA-144A-SUB 8.125%/VAR 16-PRP | 2 025 000.00 | 2 454 012.45 | 0.17 |
| Total USD |  | 2 454 012.45 | 0.17 |
| Total Notes, floating rate |  | 2 454 012.45 | 0.17 |
| Bonds, fixed rate |  |  |  |
| EUR |  |  |  |
| EUR	LHMC FINCO 2 SARL-REG-S (PIK) 7.25000% 19-02.10.25 | 3 050 000.00 | 3 579 919.20 | 0.25 |
| EUR	NETFLIX INC 4.62500% 18-15.05.29 | 1 600 000.00 | 2 438 844.42 | 0.17 |
| EUR	PINNACLE BIDCO PLC-REG-S 5.50000% 20-15.02.25 | 3 275 000.00 | 4 059 236.21 | 0.29 |
| EUR	PRIMO WATER HOLDINGS INC-REG-S 3.87500% 20-31.10.28 | 2 515 000.00 | 3 135 541.55 | 0.22 |
| EUR	REKEEP SPA-REG-S 7.25000% 21-01.02.26 | 892 000.00 | 1 173 620.56 | 0.09 |
| EUR	VERTICAL MIDCO GMBH-REG-S 4.37500% 20-15.07.27 | 3 890 000.00 | 4 981 643.17 | 0.35 |
| Total EUR |  | 19 368 805.11 | 1.37 |
| USD |  |  |  |
| USD	CHEMOURS CO/THE 5.37500% 17-15.05.27 | 1 395 000.00 | 1 499 904.00 | 0.10 |
| USD	FORD MOTOR CO 7.45000% 99-16.07.31 | 3 860 000.00 | 4 873 250.00 | 0.34 |
| USD	HCA INC 5.37500% 15-01.02.25 | 865 000.00 | 967 718.75 | 0.07 |
| USD	INEOS QUATTRO FINANCE 2 PLC-144A 3.37500% 21-15.01.26 | 2 935 000.00 | 2 931 206.51 | 0.21 |
| USD	SPRINT CAPITAL CORPORATION 6.87500% 98-15.11.28 | 2 920 000.00 | 3 653 095.20 | 0.26 |
| Total USD |  | 13 925 174.46 | 0.98 |
| Total Bonds, fixed rate |  | 33 293 979.57 | 2.35 |
| Bonds, floating rate |  |  |  |
| EUR |  |  |  |
| EUR	GOLDEN GOOSE SPA-REG-S 3M EURIBOR+487.5BP 21-14.05.27 | 3 575 000.00 | 4 316 336.58 | 0.30 |
| Total EUR |  | 4 316 336.58 | 0.30 |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP-SUB 6.500%/VAR 14-PRP | 2 250 000.00 | 2 548 125.00 | 0.18 |
| USD	CITIGROUP INC-SUB 5.950%/3M LIBOR+406.8BP 12-PRP | 2 795 000.00 | 2 940 675.40 | 0.21 |
| USD	JPMORGAN CHASE & CO-SUB 6.000%/3M LIBOR+330BP 13-PRP | 1 950 000.00 | 2 063 520.63 | 0.15 |
| USD	JPMORGAN CHASE & CO-SUB 6.100%/VAR 14-PRP | 1 050 000.00 | 1 139 250.00 | 0.08 |
| Total USD |  | 8 691 571.03 | 0.62 |
| Total Bonds, floating rate |  | 13 007 907.61 | 0.92 |
| Total Transferable securities and money market instruments listed on an official stock exchange |  | 367 114 136.66 | 25.91 |
| Transferable securities and money market instruments traded on another regulated market |  |  |  |
| Mortgage Backed Securities, fixed rate |  |  |  |
| USD |  |  |  |
| USD	PALISADES CENTER TRUST-144A-SUB 4.73700% 16-09.04.33 | 2 700 000.00 | 1 255 500.00 | 0.09 |
| Total USD |  | 1 255 500.00 | 0.09 |
| Total Mortgage Backed Securities, fixed rate |  | 1 255 500.00 | 0.09 |

UBS (Lux) Bond SICAV – USD 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) |  |

Notes, fixed rate
| USD |  |
| --- | --- |
| USD | 1011778 BC ULC/NEW RED FINANCE INC-144A 5.75000% 20-15.04.25 | 480 000.00 | 507 000.00 | 0.04 |
| USD | 1011778 BC ULC/NEW RED FINANCE INC-144A 4.00000% 20-15.10.30 | 955 000.00 | 925 156.25 | 0.07 |
| USD | ACADIA HEALTHCARE CO INC-144A 5.00000% 20-15.04.29 | 3 480 000.00 | 3 610 500.00 | 0.25 |
| USD | AFFINITY GAMING-144A 6.87500% 20-15.12.27 | 4 130 000.00 | 4 386 844.70 | 0.31 |
| USD | AHEAD DB HOLDINGS LLC-144A 6.62500% 21-01.05.28 | 2 410 000.00 | 2 440 125.00 | 0.17 |
| USD | ALBERTSONS COS INC / SAFEWAY INC-144A 5.87500% 19-15.02.28 | 920 000.00 | 977 500.00 | 0.07 |
| USD | ALBERTSONS COS LLC / SAFEWAY INC-144A 7.50000% 19-15.03.26 | 1 470 000.00 | 1 620 072.30 | 0.11 |
| USD | ALBERTSONS COS LLC / SAFEWAY INC-144A 4.87500% 20-15.02.30 | 1 910 000.00 | 1 990 602.00 | 0.14 |
| USD | ALCOA NEDERLAND HOLDING BV-144A 4.12500% 21-31.03.29 | 5 995 000.00 | 6 129 887.50 | 0.43 |
| USD | ALLIED UNIVERSAL HOLDCO LLC-144A 9.75000% 19-15.07.27 | 2 500 000.00 | 2 756 250.00 | 0.19 |
| USD | ALLISON TRANSMISSION INC-144A 5.87500% 19-01.06.29 | 3 950 000.00 | 4 285 750.00 | 0.30 |
| USD | AMERICAN AIRLINES GROUP INC-144A 5.00000% 19-01.06.22 | 5 275 000.00 | 5 261 812.50 | 0.37 |
| USD | AMERICAN AIRLINES INC-144A 5.50000% 21-20.04.26 | 4 520 000.00 | 4 757 300.00 | 0.34 |
| USD | AMERICAN BUILDER & CONTRACT SUPPLY-144A 4.00000% 19-15.01.28 | 1 700 000.00 | 1 736 890.00 | 0.12 |
| USD | AMSTED INDUSTRIES INC-144A 5.62500% 19-01.07.27 | 2 085 000.00 | 2 192 139.18 | 0.15 |
| USD | AMSTED INDUSTRIES INC-144A 4.62500% 19-15.05.30 | 1 400 000.00 | 1 410 500.00 | 0.10 |
| USD | ANGI GROUP LLC-144A 3.87500% 20-15.08.28 | 990 000.00 | 972 675.00 | 0.07 |
| USD | ARCHROCK PARTNERS LP/FIN CORP-144A 6.87500% 19-01.04.27 | 3 225 000.00 | 3 418 499.99 | 0.24 |
| USD | ARCHROCK PARTNERS LP/FIN CORP-144A 6.25000% 19-01.04.28 | 970 000.00 | 1 006 763.00 | 0.07 |
| USD | ARCONIC CORP-144A 6.00000% 20-15.05.25 | 755 000.00 | 806 196.55 | 0.06 |
| USD | ARCONIC ROLLED PRODUCTS CORP-144A 6.12500% 20-15.02.28 | 1 260 000.00 | 1 341 106.20 | 0.09 |
| USD | ASBURY AUTOMOTIVE GROUP INC 4.50000% 20-01.03.28 | 1 016 000.00 | 1 046 967.68 | 0.07 |
| USD | ASBURY AUTOMOTIVE GROUP INC 4.75000% 20-01.03.30 | 1 496 000.00 | 1 563 320.00 | 0.11 |
| USD | ASCENT RESOURCES UTICA HOLDINGS-144A 7.00000% 18-01.11.26 | 3 220 000.00 | 3 308 550.00 | 0.23 |
| USD | ASGN INC-144A 4.62500% 19-15.05.28 | 4 365 000.00 | 4 539 600.00 | 0.32 |
| USD | AVANTOR FUNDING INC-144A 4.62500% 20-15.07.28 | 4 360 000.00 | 4 537 931.60 | 0.32 |
| USD | AVIS BUDGET CAR RENT LLC/FIN INC-144A 5.75000% 19-15.07.27 | 4 105 000.00 | 4 325 643.75 | 0.31 |
| USD | AXALTA COATING SYSTEMS LLC-144A 3.37500% 20-15.02.29 | 3 840 000.00 | 3 705 600.00 | 0.26 |
| USD | BAUSCH HEALTH COS INC-144A 5.00000% 19-30.01.28 | 2 560 000.00 | 2 400 000.00 | 0.17 |
| USD | BEACON ROOFING SUPPLY INC-144A 4.50000% 19-15.11.26 | 1 415 000.00 | 1 476 906.25 | 0.10 |
| USD | BEACON ROOFING SUPPLY INC-144A 4.12500% 21-15.05.29 | 2 900 000.00 | 2 860 125.00 | 0.20 |
| USD | BIG RIVER STEEL LLC/BRS FIN CORP-144A 6.62500% 20-31.01.29 | 1 250 000.00 | 1 353 125.00 | 0.10 |
| USD | BLUE RACER MIDSTREAM LLC-144A 7.62500% 20-15.12.25 | 5 960 000.00 | 6 444 250.00 | 0.46 |
| USD | BOMBARDIER INC-144A 7.50000% 17-01.12.24 | 3 095 000.00 | 3 173 024.95 | 0.22 |
| USD | BOOZ ALLEN HAMILTON INC-144A 3.87500% 20-01.09.28 | 990 000.00 | 990 660.82 | 0.07 |
| USD | BOYD GAMING CORP 4.75000% 20-01.12.27 | 3 915 000.00 | 4 002 656.85 | 0.28 |
| USD | BOYD GAMING CORP-144A 4.75000% 21-15.06.31 | 3 525 000.00 | 3 561 307.50 | 0.25 |
| USD | BROOKFIELD RESIDENTIAL PRO/US CORP-144A 6.25000% 19-15.09.27 | 650 000.00 | 683 507.50 | 0.05 |
| USD | BROOKFIELD RESIDENTIAL PRO/US CORP-144A 4.87500% 20-15.02.30 | 2 200 000.00 | 2 161 500.00 | 0.15 |
| USD | BUCKEYE PARTNERS LP-144A 4.50000% 20-01.03.28 | 2 360 000.00 | 2 360 000.00 | 0.17 |
| USD | BUILDERS FIRSTSOURCE INC-144A 6.75000% 19-01.06.27 | 420 000.00 | 449 400.00 | 0.03 |
| USD | BUILDERS FIRSTSOURCE INC-144A 5.00000% 20-01.03.30 | 2 175 000.00 | 2 264 958.00 | 0.16 |
| USD | CABLE ONE INC-144A 4.00000% 20-15.11.30 | 2 880 000.00 | 2 844 000.00 | 0.20 |
| USD | CAESARS ENTERTAINMENT INC-144A 6.25000% 20-01.07.25 | 7 585 000.00 | 7 993 983.20 | 0.56 |
| USD | CAESARS ENTERTAINMENT INC-144A 8.12500% 20-01.07.27 | 6 945 000.00 | 7 708 463.85 | 0.54 |
| USD | CALPINE CORP-144A 5.12500% 19-15.03.28 | 2 660 000.00 | 2 679 950.00 | 0.19 |
| USD | CARNIVAL CORP-144A 11.50000% 20-01.04.23 | 4 525 000.00 | 5 175 468.75 | 0.37 |
| USD | CARNIVAL CORP-144A 5.75000% 21-01.03.27 | 4 210 000.00 | 4 473 125.00 | 0.32 |
| USD | CARRIAGE SERVICES INC-144A 4.25000% 21-15.05.29 | 1 930 000.00 | 1 927 587.50 | 0.14 |
| USD | CCO HOLDINGS LLC-144A 4.25000% 20-01.02.31 | 1 950 000.00 | 1 946 100.00 | 0.14 |
| USD | CCO HOLDINGS LLC/CAPITAL CORP-144A 5.50000% 16-01.05.26 | 2 000 000.00 | 2 067 400.00 | 0.15 |
| USD | CCO HOLDINGS LLC/CAPITAL CORP-144A 5.37500% 19-01.06.29 | 6 790 000.00 | 7 375 637.50 | 0.52 |
| USD | CCO HOLDINGS LLC/CAPITAL CORP-144A 4.75000% 19-01.03.30 | 7 115 000.00 | 7 379 055.43 | 0.52 |
| USD | CCO HOLDINGS LLC/CAPITAL CORP-144A 4.50000% 20-15.08.30 | 480 000.00 | 489 134.40 | 0.03 |
| USD | CDW LLC/CDW FINANCE CORP 3.25000% 20-15.02.29 | 1 980 000.00 | 2 010 690.00 | 0.14 |
| USD | CENTENE CORP 3.37500% 20-15.02.30 | 3 210 000.00 | 3 242 100.00 | 0.23 |
| USD | CENTENE CORP 4.62500% 20-15.12.29 | 8 055 000.00 | 8 694 808.65 | 0.61 |
| USD | CHENIERE ENERGY INC-144A 4.62500% 20-15.10.28 | 3 050 000.00 | 3 202 500.00 | 0.23 |
| USD | CHENIERE ENERGY PARTNERS LP 4.50000% 20-01.10.29 | 4 700 000.00 | 4 970 250.00 | 0.35 |
| USD | CHOBANI LLC/FINANCE CORP-144A 7.50000% 17-15.04.25 | 3 230 000.00 | 3 360 879.60 | 0.24 |
| USD | CHOBANI LLC/FINANCE CORP-144A 4.62500% 20-15.11.28 | 955 000.00 | 984 505.01 | 0.07 |
| USD | CHS/COMMUNITY HEALTH SYSTEMS INC-144A 8.00000% 19-15.03.26 | 4 835 000.00 | 5 175 238.95 | 0.37 |
| USD | CLARIOS GLOBAL LP-144A 6.75000% 20-15.05.25 | 480 000.00 | 514 200.00 | 0.04 |
| USD | CLEAN HARBORS INC-144A 4.87500% 19-15.07.27 | 2 120 000.00 | 2 228 650.00 | 0.16 |
| USD | CLEAN HARBORS INC-144A 5.12500% 19-15.07.29 | 2 075 000.00 | 2 247 640.00 | 0.16 |
| USD | CLEARWAY ENERGY OPERATING LLC-144A 4.75000% 19-15.03.28 | 2 455 000.00 | 2 537 856.25 | 0.18 |
| USD | CLEVELAND-CLIFFS INC 5.87500% 20-01.06.27 | 645 000.00 | 675 624.60 | 0.05 |
| USD | CLEVELAND-CLIFFS INC-144A 4.62500% 21-01.03.29 | 955 000.00 | 983 057.90 | 0.07 |
| USD | COMMSCOPE INC-144A 8.25000% 19-01.03.27 | 2 425 000.00 | 2 588 687.50 | 0.18 |
| USD | CONNECT FINCO SARL / US FINCO LLC-144A 6.75000% 19-01.10.26 | 3 425 000.00 | 3 540 593.75 | 0.25 |
| USD | CONSTELLIUM SE-144A 3.75000% 21-15.04.29 | 1 000 000.00 | 971 250.00 | 0.07 |
| USD | CSC HOLDINGS INC-144A 5.37500% 18-01.02.28 | 1 300 000.00 | 1 366 625.00 | 0.10 |
| USD | CSC HOLDINGS INC-144A 4.62500% 20-01.12.30 | 500 000.00 | 484 450.00 | 0.03 |
| USD | CSC HOLDINGS LLC-144A 7.50000% 18-01.04.28 | 1 325 000.00 | 1 450 875.00 | 0.10 |
| USD | CSC HOLDINGS LLC-144A 6.50000% 19-01.02.29 | 3 000 000.00 | 3 281 880.00 | 0.23 |
| USD | CSC HOLDINGS LLC-144A 5.00000% 21-15.11.31 | 3 800 000.00 | 3 769 638.00 | 0.27 |
| USD | CSN RESOURCES SA-144A 7.62500% 18-13.02.23 | 2 500 000.00 | 2 595 781.25 | 0.18 |
| USD | DANA FINANCING LUXEMBOURG SARL-144A 5.75000% 17-15.04.25 | 2 515 000.00 | 2 587 306.25 | 0.18 |
| USD | DAVITA INC-144A 4.62500% 20-01.06.30 | 3 595 000.00 | 3 666 504.55 | 0.26 |
| USD | DCP MIDSTREAM OPERATING LP-144A 6.75000% 07-15.09.37 | 1 550 000.00 | 1 817 375.00 | 0.13 |
| USD | DCP MIDSTREAM OPERATING LP 5.62500% 20-15.07.27 | 2 455 000.00 | 2 700 500.00 | 0.19 |
| USD | DELTA AIR LINES INC-144A 7.00000% 20-01.05.25 | 2 735 000.00 | 3 180 337.50 | 0.22 |
| USD | DKT FINANCE APS-144A 9.37500% 18-17.06.23 | 2 100 000.00 | 2 152 206.00 | 0.15 |
| USD | DYCOM INDUSTRIES INC-144A 4.50000% 21-15.04.29 | 3 860 000.00 | 3 840 700.00 | 0.27 |
| USD | ENDEAVOR ENERGY RESOURCES LP/FIN-144A 6.62500% 20-15.07.25 | 3 140 000.00 | 3 328 871.00 | 0.24 |
| USD | ENERGIZER HOLDINGS INC-144A 4.75000% 20-15.06.28 | 2 395 000.00 | 2 431 068.70 | 0.17 |
| USD | ENTERCOM MEDIA CORP-144A 6.75000% 21-31.03.29 | 1 910 000.00 | 1 941 037.50 | 0.14 |
| USD | EPR PROPERTIES 4.50000% 15-01.04.25 | 3 245 000.00 | 3 420 645.81 | 0.24 |
| USD | EQM MIDSTREAM PARTNERS LP-144A 6.50000% 20-01.07.27 | 1 680 000.00 | 1 846 572.00 | 0.13 |
| USD | EQT CORP-144A 3.62500% 21-15.05.31 | 3 380 000.00 | 3 481 180.30 | 0.25 |

UBS (Lux) Bond SICAV – USD 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 | FIRSTCASH INC-144A 4.62500% 20-01.09.28 | 2 475 000.00 | 2 561 625.00 | 0.18 |
| USD | FMG RESOURCES AUGUST 2006 PTY LTD-144A 4.50000% 19-15.09.27 | 1 255 000.00 | 1 362 716.65 | 0.10 |
| USD | FRONTIER COMMUNICATIONS CORPORATIO-144A 5.87500% 20-15.10.27 | 3 950 000.00 | 4 196 875.00 | 0.30 |
| USD | GARDA WORLD SECURITY CORP-144A 9.50000% 19-01.11.27 | 4 630 000.00 | 5 104 575.00 | 0.36 |
| USD | GARDA WORLD SECURITY CORP-144A 4.62500% 20-15.02.27 | 3 445 000.00 | 3 436 387.50 | 0.24 |
| USD | GARDA WORLD SECURITY CORP-144A 6.00000% 21-01.06.29 | 1 930 000.00 | 1 912 996.70 | 0.14 |
| USD | GARTNER INC-144A 3.75000% 20-01.10.30 | 960 000.00 | 963 648.00 | 0.07 |
| USD | GARTNER INC-144A 4.50000% 20-01.07.28 | 1 705 000.00 | 1 794 512.50 | 0.13 |
| USD | GFL ENVIRONMENTAL INC-144A 8.50000% 19-01.05.27 | 1 480 000.00 | 1 620 600.00 | 0.11 |
| USD | GFL ENVIRONMENTAL INC-144A 5.12500% 19-15.12.26 | 2 365 000.00 | 2 489 162.50 | 0.18 |
| USD | GFL ENVIRONMENTAL INC-144A 3.7500% 20-01.08.25 | 990 000.00 | 1 013 512.50 | 0.07 |
| USD | GRAPHIC PACKAGING INTERNATIONAL-144A 4.75000% 19-15.07.27 | 985 000.00 | 1 060 106.25 | 0.07 |
| USD | GRAPHIC PACKAGING INTERNATIONL INC-144A 3.50000% 20-15.03.28 | 1 430 000.00 | 1 422 892.90 | 0.10 |
| USD | GREAT LAKES DREDGE & DOCK CORP-144A 5.25000% 21-01.06.29 | 4 255 000.00 | 4 334 781.25 | 0.31 |
| USD | GREIF INC-144A 6.50000% 19-01.03.27 | 985 000.00 | 1 034 250.00 | 0.07 |
| USD | GYP HOLDINGS III CORP-144A 4.62500% 21-01.05.29 | 3 375 000.00 | 3 396 093.75 | 0.24 |
| USD | HANESBRANDS INC-144A 5.37500% 20-15.05.25 | 2 400 000.00 | 2 532 216.00 | 0.18 |
| USD | HARSCO CORP-144A 5.75000% 19-31.07.27 | 2 140 000.00 | 2 241 650.00 | 0.16 |
| USD | HERBALIFE NTRTON LTD/HLF FING INC-144A 7.87500% 20-01.09.25 | 2 495 000.00 | 2 713 212.70 | 0.19 |
| USD | HERC HOLDINGS INC-144A 5.50000% 19-15.07.27 | 5 750 000.00 | 6 059 062.50 | 0.43 |
| USD | HESS MIDSTREAM PARTNERS LP-144A 5.62500% 19-15.02.26 | 6 135 000.00 | 6 359 909.10 | 0.45 |
| USD | HESS MIDSTREAM PARTNERS LP-144A 5.12500% 19-15.06.28 | 3 385 000.00 | 3 551 542.00 | 0.25 |
| USD | HILCORP ENERGY I LP/FINANCE CO-144A 5.75000% 21-01.02.29 | 7 815 000.00 | 8 023 269.75 | 0.57 |
| USD | HILL-ROM HOLDINGS INC-144A 4.37500% 19-15.09.27 | 925 000.00 | 958 475.75 | 0.07 |
| USD | HILTON GRAND VACATIONS BORROWER-144A 5.00000% 21-01.06.29 | 1 930 000.00 | 1 949 300.00 | 0.14 |
| USD | HOLLY ENERGY PARTNERS LP FIN CORP-144A 5.00000% 20-01.02.28 | 2 445 000.00 | 2 506 125.00 | 0.18 |
| USD | HOLOGIC INC-144A 4.62500% 18-01.02.28 | 900 000.00 | 935 577.00 | 0.07 |
| USD | HOSPITALITY PROPERTIES TRUST 5.50000% 20-15.12.27 | 1 880 000.00 | 1 934 828.44 | 0.14 |
| USD | HUB INTERNATIONAL LTD-144A 7.00000% 18-01.05.26 | 4 550 000.00 | 4 722 900.00 | 0.33 |
| USD | HUDBAY MINERALS INC-144A 4.50000% 21-01.04.26 | 1 980 000.00 | 1 952 775.00 | 0.14 |
| USD | IAA SPINCO INC-144A 5.50000% 19-15.06.27 | 4 355 000.00 | 4 576 974.35 | 0.32 |
| USD | IRON MOUNTAIN INC-144A 4.87500% 17-15.09.27 | 2 160 000.00 | 2 238 624.00 | 0.16 |
| USD | IRON MOUNTAIN INC-144A 5.25000% 17-15.03.28 | 1 305 000.00 | 1 363 986.00 | 0.10 |
| USD | JACOBS ENTERTAINMENT INC-144A 7.87500% 17-01.02.24 | 4 905 000.00 | 5 119 593.75 | 0.36 |
| USD | JELD-WEN INC-144A 4.62500% 17-15.12.25 | 1 250 000.00 | 1 271 875.00 | 0.09 |
| USD | KAISER ALUMINUM CORP-144A 4.62500% 19-01.03.28 | 1 970 000.00 | 2 012 552.00 | 0.14 |
| USD | KRAFT HEINZ FOODS CO 4.25000% 21-01.03.31 | 4 800 000.00 | 5 337 345.89 | 0.38 |
| USD | LADDER CAPITAL FIN HLDG LLLP/CORP-144A 5.25000% 17-15.03.22 | 1 330 000.00 | 1 341 637.50 | 0.09 |
| USD | LADDER CAPITAL FIN HLDG LLLP/CORP-144A 5.25000% 17-01.10.25 | 1 630 000.00 | 1 658 525.00 | 0.12 |
| USD | LAMB WESTON HOLDINGS INC-144A 4.87500% 20-15.05.28 | 480 000.00 | 527 400.00 | 0.04 |
| USD | LCPR SENIOR SECURED FINANCING DAC-144A 6.75000% 19-15.10.27 | 4 800 000.00 | 5 154 720.00 | 0.36 |
| USD | LCPR SENIOR SECURED FINANCING DAC-144A 5.12500% 21-15.07.29 | 3 350 000.00 | 3 437 368.00 | 0.24 |
| USD | LIFEPOINT HEALTH INC-144A 4.37500% 20-15.02.27 | 7 480 000.00 | 7 451 950.00 | 0.53 |
| USD | LITHIA MOTORS INC-144A 4.62500% 19-15.12.27 | 1 385 000.00 | 1 458 889.75 | 0.10 |
| USD | MACY’S INC-144A 8.37500% 20-15.06.25 | 480 000.00 | 530 400.00 | 0.04 |
| USD | MASTEC INC-144A 4.50000% 20-15.08.28 | 1 290 000.00 | 1 346 437.50 | 0.10 |
| USD | MATTAMY GROUP CORP-144A 5.25000% 19-15.12.27 | 1 275 000.00 | 1 329 187.50 | 0.09 |
| USD | MATTAMY GROUP CORP-144A 4.62500% 20-01.03.30 | 2 515 000.00 | 2 508 712.50 | 0.18 |
| USD | MEDNAX INC-144A 6.25000% 18-15.01.27 | 1 630 000.00 | 1 725 475.62 | 0.12 |
| USD | MEG ENERGY CORP-144A 7.12500% 20-01.02.27 | 6 395 000.00 | 6 858 637.50 | 0.48 |
| USD | MERITOR INC-144A 6.25000% 20-01.06.25 | 3 905 000.00 | 4 144 181.25 | 0.29 |
| USD | MIDCAP FINANCIAL ISSUER TRUST-144A 6.50000% 21-01.05.28 | 3 000 000.00 | 3 138 105.00 | 0.22 |
| USD | MILEAGE PLUS HOLDINGS LLC-144A 6.50000% 20-20.06.27 | 2 880 000.00 | 3 161 664.00 | 0.22 |
| USD | MOLINA HEALTHCARE INC-144A 3.87500% 20-15.11.30 | 955 000.00 | 972 906.25 | 0.07 |
| USD | MSCI INC-144A 4.00000% 19-15.11.29 | 1 400 000.00 | 1 452 038.00 | 0.10 |
| USD | MSCI INC-144A 5.37500% 18-15.05.27 | 835 000.00 | 889 467.05 | 0.06 |
| USD | MUELLER WATER PRODUCTS INC-144A 5.50000% 18-15.06.26 | 3 475 000.00 | 3 574 037.50 | 0.25 |
| USD | NATIONSTAR MORTGAGE HOLDINGS INC-144A 6.00000% 20-15.01.27 | 2 480 000.00 | 2 557 500.00 | 0.18 |
| USD | NAVISTAR INTERNATIONAL CORP-144A 6.62500% 17-01.11.25 | 3 190 000.00 | 3 298 779.00 | 0.23 |
| USD | NETFLIX INC-144A 5.37500% 19-15.11.29 | 475 000.00 | 561 668.50 | 0.04 |
| USD | NEW ENTERPRISE STONE&LIME CO INC-144A 6.25000% 18-15.03.26 | 3 875 000.00 | 3 991 250.00 | 0.28 |
| USD | NEW ENTERPRISE STONE&LIME CO INC-144A 9.75000% 20-15.07.28 | 3 250 000.00 | 3 607 500.00 | 0.25 |
| USD | NEXSTAR BROADCASTING INC-144A 4.75000% 20-01.11.28 | 955 000.00 | 972 906.25 | 0.07 |
| USD | NEXSTAR BROADCASTING INC-144A 5.62500% 19-15.07.27 | 3 050 000.00 | 3 225 375.00 | 0.23 |
| USD | NIELSEN FINANCE LLC/NIELSEN-144A 5.62500% 20-01.10.28 | 2 480 000.00 | 2 622 600.00 | 0.19 |
| USD | NOVA CHEMICALS CORP-144A 5.25000% 17-01.06.27 | 7 045 000.00 | 7 538 150.00 | 0.53 |
| USD | NOVELIS CORP-144A 4.75000% 20-30.01.30 | 665 000.00 | 698 250.00 | 0.05 |
| USD | NOVELIS CORP-144A 5.87500% 16-30.09.26 | 2 875 000.00 | 2 998 050.00 | 0.21 |
| USD | NRG ENERGY INC-144A 5.25000% 19-15.06.29 | 1 000 000.00 | 1 050 000.00 | 0.07 |
| USD | OCCIDENTAL PETROLEUM CORP 5.55000% 19-15.03.26 | 7 700 000.00 | 8 219 750.00 | 0.58 |
| USD | OCCIDENTAL PETROLEUM CORP 6.45000% 19-15.09.36 | 3 050 000.00 | 3 435 581.00 | 0.24 |
| USD | ORTHO-CLINICAL DIAGNOSTICS INC/SA-144A 7.25000% 20-01.02.28 | 1 210 000.00 | 1 315 875.00 | 0.09 |
| USD | OWENS-BROCKWAY GLASS CONTAINER INC-144A 6.62500% 20-13.05.27 | 2 500 000.00 | 2 715 625.00 | 0.19 |
| USD | OWENS-BROCKWAY GLASS CONTAINER INC-144A 5.37500% 14-15.01.25 | 2 300 000.00 | 2 449 500.00 | 0.17 |
| USD | PANTHER BF AGGR 2/PANTHER FIN CO-144A 6.25000% 19-15.05.26 | 670 000.00 | 715 359.00 | 0.05 |
| USD | PANTHER BF AGGR 2/PANTHER FIN CO-144A 8.50000% 19-15.05.27 | 2 675 000.00 | 2 909 062.50 | 0.21 |
| USD | PAR PHARMACEUTICAL INC-144A 7.50000% 19-01.04.27 | 1 675 000.00 | 1 708 500.00 | 0.12 |
| USD | PARK INTERMEDIATE HOLDINGS/PK DOME-144A 5.87500% 20-01.10.28 | 955 000.00 | 1 019 462.50 | 0.07 |
| USD | PATRICK INDUSTRIES INC-144A 7.50000% 19-15.10.27 | 3 555 000.00 | 3 852 731.25 | 0.27 |
| USD | PERFORMANCE FOOD GROUP INC-144A 5.50000% 19-15.10.27 | 925 000.00 | 964 941.50 | 0.07 |
| USD | PERFORMANCE FOOD GROUP INC-144A 6.87500% 20-01.05.25 | 2 465 000.00 | 2 628 306.25 | 0.19 |
| USD | PICASSO FINANCE SUB INC -144A 6.12500% 20-15.06.25 | 2 479 000.00 | 2 615 345.00 | 0.18 |
| USD | POST HOLDINGS INC-144A 5.50000% 19-15.12.29 | 230 000.00 | 245 657.25 | 0.02 |
| USD | POST HOLDINGS INC-144A 4.62500% 20-15.04.30 | 4 400 000.00 | 4 425 124.00 | 0.31 |
| USD | PRIME SEC SER BORROWER LLC/FIN INC-144A 3.37500% 20-31.08.27 | 245 000.00 | 235 138.75 | 0.02 |
| USD | QVC INC 4.85000% 14-01.04.24 | 2 200 000.00 | 2 387 000.00 | 0.17 |
| USD | RADIATE HOLDCO LLC/FINANCE INC-144A 4.50000% 20-15.09.26 | 955 000.00 | 964 550.00 | 0.07 |
| USD | RADIATE HOLDCO LLC/FINANCE INC-144A 6.50000% 20-15.09.28 | 4 260 000.00 | 4 377 150.00 | 0.31 |
| USD | RENT-A-CENTER INC/TX-144A 6.37500% 21-15.02.29 | 3 390 000.00 | 3 627 300.00 | 0.26 |
| USD | RITE AID CORP-144A 7.50000% 20-01.07.25 | 2 550 000.00 | 2 645 625.00 | 0.19 |
| USD | SCIENTIFIC GAMES INTERNATIONAL-144A 8.25000% 19-15.03.26 | 3 435 000.00 | 3 692 144.10 | 0.26 |
| USD | SCIENTIFIC GAMES INTERNATIONAL INC-144A 7.00000% 19-15.05.28 | 2 485 000.00 | 2 686 906.25 | 0.19 |

UBS (Lux) Bond SICAV – USD 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 | SCIENTIFIC GAMES INTERNATIONAL INC-144A 8.62500% 20-01.07.25 | 4 660 000.00 | 5 081 264.00 | 0.36 |
| USD | SCRIPPS ESCROW INC-144A 5.87500% 19-15.07.27 | 2 520 000.00 | 2 601 900.00 | 0.18 |
| USD | SELECT MEDICAL CORP-144A 6.25000% 19-15.08.26 | 2 440 000.00 | 2 572 687.20 | 0.18 |
| USD | SENSATA TECHNOLOGIES BV-144A 4.00000% 21-15.04.29 | 955 000.00 | 956 719.00 | 0.07 |
| USD | SHEA HOMES LP/FNDG CORP-144A 4.75000% 20-15.02.28 | 3 270 000.00 | 3 278 175.00 | 0.23 |
| USD | SILGAN HOLDINGS INC 4.12500% 20-01.02.28 | 3 285 000.00 | 3 397 675.50 | 0.24 |
| USD | SIRIUS XM RADIO INC-144A 5.37500% 16-15.07.26 | 4 060 000.00 | 4 187 402.80 | 0.30 |
| USD | SIRIUS XM RADIO INC-144A 5.50000% 19-01.07.29 | 2 720 000.00 | 2 944 400.00 | 0.21 |
| USD | SIRIUS XM RADIO INC-144A 4.12500% 20-01.07.30 | 980 000.00 | 982 450.00 | 0.07 |
| USD | SPEEDWAY MOTO/ SPEEDWAY FUNDING II-144A 4.87500% 19-01.11.27 | 2 765 000.00 | 2 751 175.00 | 0.19 |
| USD | SPIRIT AEROSYSTEMS INC-144A 7.50000% 20-15.04.25 | 3 340 000.00 | 3 573 800.00 | 0.25 |
| USD | SPX FLOW INC-144A 5.87500% 16-15.08.26 | 2 825 000.00 | 2 923 875.00 | 0.21 |
| USD | SUMMIT MATERIALS LLC/FIN-144A 6.50000% 19-15.03.27 | 3 500 000.00 | 3 692 500.00 | 0.26 |
| USD | SUMMIT MATERIALS LLC/FIN CORP-144A 5.25000% 20-15.01.29 | 93 000.00 | 98 115.00 | 0.01 |
| USD | SUNOCO LP/FINANCE CORP-144A 4.50000% 20-15.05.29 | 935 000.00 | 928 959.90 | 0.07 |
| USD | TALEN ENERGY SUPPLY LLC-144A 10.50000% 17-15.01.26 | 1 445 000.00 | 1 314 950.00 | 0.09 |
| USD | TARGA RESOURCES PARTNERS-144A 4.87500% 20-01.02.31 | 3 875 000.00 | 4 049 375.00 | 0.29 |
| USD | TENET HEALTHCARE CORP-144A 4.87500% 19-01.01.26 | 2 890 000.00 | 2 983 925.00 | 0.21 |
| USD | TENET HEALTHCARE CORP-144A 5.12500% 19-01.11.27 | 1 800 000.00 | 1 878 786.00 | 0.13 |
| USD | TENET HEALTHCARE CORP-144A 4.62500% 20-15.06.28 | 3 365 000.00 | 3 432 300.00 | 0.24 |
| USD | TEREX CORP-144A 5.00000% 21-15.05.29 | 2 145 000.00 | 2 230 800.00 | 0.16 |
| USD | TERRAFORM POWER OPERATING LLC-144A 4.75000% 19-15.01.30 | 2 505 000.00 | 2 560 811.40 | 0.18 |
| USD | TOPBUILD CORP-144A 3.62500% 21-15.03.29 | 1 435 000.00 | 1 413 475.00 | 0.10 |
| USD | TOWNSQUARE MEDIA INC-144A 6.87500% 21-01.02.26 | 960 000.00 | 1 014 000.00 | 0.07 |
| USD | TRANSDIGM INC-144A 6.25000% 19-15.03.26 | 2 095 000.00 | 2 208 297.60 | 0.16 |
| USD | TRIDENT MERGER SUB INC-144A 6.62500% 17-01.11.25 | 2 615 000.00 | 2 667 300.00 | 0.19 |
| USD | TRONOX INC-144A 4.62500% 21-15.03.29 | 6 005 000.00 | 6 150 921.50 | 0.43 |
| USD | UNITED AIRLINES INC-144A 4.37500% 21-15.04.28 | 320 000.00 | 331 600.00 | 0.02 |
| USD | US CONCRETE INC-144A 5.12500% 20-01.03.29 | 5 050 000.00 | 5 163 625.00 | 0.36 |
| USD | USA COMPRESSION PARTNERS LLC 6.87500% 19-01.04.26 | 2 155 000.00 | 2 262 642.25 | 0.16 |
| USD | VALEANT PHARMACEUTICALS INTL-144A 9.25000% 18-01.04.26 | 5 640 000.00 | 6 091 200.00 | 0.43 |
| USD | VALEANT PHARMACEUTICALS INTL-144A 8.50000% 18-31.01.27 | 3 150 000.00 | 3 374 437.50 | 0.24 |
| USD | VERTICAL US NEWCO INC-144A 5.25000% 20-15.07.27 | 1 770 000.00 | 1 840 800.00 | 0.13 |
| USD | VIASAT INC-144A 5.62500% 17-15.09.25 | 2 650 000.00 | 2 708 300.00 | 0.19 |
| USD | VIASAT INC-144A 5.62500% 19-15.04.27 | 965 000.00 | 1 009 197.00 | 0.07 |
| USD | VICI PROPERTIES LP /VCI NTE CO INC-144A 4.62500% 19-01.12.29 | 6 600 000.00 | 6 866 310.00 | 0.48 |
| USD | VIRGIN AUSTRALIA HOLD-144A *DEFAULTED* 7.87500% 16-15.10.21 | 213 000.00 | 19 436.25 | 0.00 |
| USD | VISTRA OPERATIONS CO LLC-144A 5.00000% 19-31.07.27 | 4 935 000.00 | 5 039 868.75 | 0.36 |
| USD | WASTE PRO USA INC-144A 5.50000% 18-15.02.26 | 7 961 000.00 | 8 100 317.50 | 0.57 |
| USD | WILLIAM CARTER CO-144A 5.50000% 20-15.05.25 | 2 480 000.00 | 2 613 300.00 | 0.18 |
| USD | WILLIAM CARTER COMPANY-144A 5.62500% 19-15.03.27 | 660 000.00 | 691 350.00 | 0.05 |
| USD | WILLIAMS SCOTSMAN INTL INC-144A 4.62500% 20-15.08.28 | 5 095 000.00 | 5 230 679.85 | 0.37 |
| USD | WOLVERINE WORLD WIDE INC-144A 6.37500% 20-15.05.25 | 2 480 000.00 | 2 638 100.00 | 0.19 |
| USD | WR GRACE & CO-CONN-144A 5.62500% 14-01.10.24 | 3 390 000.00 | 3 729 000.00 | 0.26 |
| USD | YUM BRANDS INC-144A 7.75000% 20-01.04.25 | 960 000.00 | 1 044 000.00 | 0.07 |
| Total USD |  |  | 641 391 733.52 | 45.27 |
| Total Notes, fixed rate |  | 641 391 733.52 | 45.27 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	LIBERTY INTERACTIVE LLC 8.25000% 00-01.02.30 | 2 345 000.00 | 2 685 025.00 | 0.19 |
| Total USD |  | 2 685 025.00 | 0.19 |
| Total Bonds, fixed rate |  | 2 685 025.00 | 0.19 |
| Total Transferable securities and money market instruments traded on another regulated market |  | 645 332 258.52 | 45.55 |

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 | ALTICE FRANCE HOLDING SA 10.50000% 20-15.05.27 | 2 960 000.00 | 3 309 280.00 | 0.23 |
| USD | ARCHES BUYER INC-144A 4.25000% 20-01.06.28 | 955 000.00 | 938 287.50 | 0.07 |
| USD | ARCHES BUYER INC-144A 6.12500% 20-01.12.28 | 1 430 000.00 | 1 462 175.00 | 0.10 |
| USD | ASCENT RESOURCES UTICA HOLDINGS-144A 8.25000% 20-31.12.28 | 1 155 000.00 | 1 256 062.50 | 0.09 |
| USD | AXALTA COAT SYS LLC/AXALTA COAT-144A 4.75000% 20-15.06.27 | 1 405 000.00 | 1 471 737.50 | 0.10 |
| USD | CALPINE CORP-144A 5.00000% 20-01.02.31 | 2 670 000.00 | 2 589 633.00 | 0.18 |
| USD | CASCADES INC/CASCADES USA INC-144A 5.37500% 19-15.01.28 | 990 000.00 | 1 027 125.00 | 0.07 |
| USD | CHS/COMMUNITY HEALTH SYSTEMS INC-144A 5.62500% 20-15.03.27 | 2 530 000.00 | 2 650 175.00 | 0.19 |
| USD | COMPASS GROUP DIVERSIFIED HOLDINGS-144A 5.25000% 21-15.04.29 | 955 000.00 | 985 369.00 | 0.07 |
| USD | CORNERSTONE BUILDING BRANDS INC-144A 6.12500% 20-15.01.29 | 3 500 000.00 | 3 736 250.00 | 0.26 |
| USD | CRESTWOOD MIDSTREAM PART LP/FIN-144A 6.00000% 21-01.02.29 | 475 000.00 | 491 625.00 | 0.03 |
| USD | DCP MIDSTREAM OPERATING LP 5.37500% 18-15.07.25 | 1 910 000.00 | 2 092 214.00 | 0.15 |
| USD | ENDO FINANCE LLC-REG-S 9.50000% 20-31.07.27 | 724 000.00 | 736 670.00 | 0.05 |
| USD | ENDO FINANCE LLC-REG-S 6.00000% 20-30.06.28 | 913 000.00 | 629 970.00 | 0.04 |
| USD | ENDO LUXEMBOURG FINANCE CO-144A 6.12500% 21-01.04.29 | 955 000.00 | 941 868.75 | 0.07 |
| USD | ENLINK MIDSTREAM LLC-144A 5.62500% 20-15.01.28 | 2 660 000.00 | 2 768 927.00 | 0.19 |
| USD | EQT MIDSTREAM PARTNERS LP-144A 4.50000% 21-15.01.29 | 955 000.00 | 955 000.00 | 0.07 |
| USD | EQT MIDSTREAM PARTNERS LP -144A 4.75000% 21-15.01.31 | 955 000.00 | 960 968.75 | 0.07 |
| USD | GRAFTECH FINANCE INC-144A 4.62500% 20-15.12.28 | 3 585 000.00 | 3 668 530.50 | 0.26 |
| USD | GRIFFON CORP 5.75000% 20-01.03.28 | 3 510 000.00 | 3 703 050.00 | 0.26 |
| USD | HOWARD HUGHES CORP/THE-144A 4.12500% 21-01.02.29 | 955 000.00 | 948 916.65 | 0.07 |
| USD | INSTALLED BUILDING PRODUCTS INC-144A 5.75000% 19-01.02.28 | 2 515 000.00 | 2 647 037.50 | 0.19 |
| USD | JBS USA LLC/JBS USA FINANCE INC-144A 6.75000% 18-15.02.28 | 3 100 000.00 | 3 387 331.25 | 0.24 |
| USD | KFC HLDG/PIZZA HUT HLDG/TACO BELL-144A 4.75000% 17-01.06.27 | 2 275 000.00 | 2 406 950.00 | 0.17 |
| USD | KRAFT HEINZ FOODS CO 3.87500% 21-15.05.27 | 2 495 000.00 | 2 731 111.11 | 0.19 |
| USD | LBM ACQUISITION LLC-144A 6.25000% 20-15.01.29 | 480 000.00 | 490 800.00 | 0.03 |

UBS (Lux) Bond SICAV – USD 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 | MACYS RETAIL HOLDINGS INC-144A 5.87500% 21-01.04.29 | 480 000.00 | 511 296.00 | 0.04 |
| USD | MATTEL INC-144A 3.75000% 21-01.04.29 | 955 000.00 | 977 652.60 | 0.07 |
| USD | MGM GROWTH POP LP/C0-ISSUER INC 5.75000% 20-01.02.27 | 3 025 000.00 | 3 349 249.75 | 0.24 |
| USD | MSCI INC-144A 3.62500% 20-01.09.30 | 235 000.00 | 237 056.25 | 0.02 |
| USD | NORDSTROM INC-144A 4.25000% 21-01.08.31 | 960 000.00 | 973 932.50 | 0.07 |
| USD | PARK RIVER HOLDINGS INC-144A 5.62500% 21-01.02.29 | 1 505 000.00 | 1 441 037.50 | 0.10 |
| USD | PATRICK INDUSTRIES INC-144A 4.75000% 21-01.05.29 | 2 410 000.00 | 2 404 216.00 | 0.17 |
| USD | QVC INC 4.75000% 20-15.02.27 | 955 000.00 | 1 008 718.75 | 0.07 |
| USD | REALOGY GROUP/CO ISSUER-144A 9.37500% 19-01.04.27 | 590 000.00 | 655 265.80 | 0.05 |
| USD | REALOGY GROUP/CO ISSUER-144A 5.75000% 21-15.01.29 | 1 910 000.00 | 1 995 510.70 | 0.14 |
| USD | RITE AID CORP-144A 8.00000% 20-15.11.26 | 1 520 000.00 | 1 577 790.40 | 0.11 |
| USD | SCIENCE APPLICATIONS INTRNTNL CORP-144A 4.87500% 20-01.04.28 | 2 785 000.00 | 2 893 782.10 | 0.20 |
| USD | SERVICE PROPERTIES TRUST 7.50000% 20-15.09.25 | 2 980 000.00 | 3 331 117.34 | 0.23 |
| USD | SIMMONS FOODS INC-144A 4.62500% 21-01.03.29 | 2 735 000.00 | 2 769 187.50 | 0.20 |
| USD | SPECIALTY BUILDING PRODCTS HLD LLC-144A 6.37500% 20-30.09.26 | 93 000.00 | 96 720.00 | 0.01 |
| USD | STERICYCLE INC-144A 5.37500% 19-15.07.24 | 585 000.00 | 602 924.40 | 0.04 |
| USD | SUNOCO LP/FINANCE CORP 5.87500% 18-15.03.28 | 2 550 000.00 | 2 677 500.00 | 0.19 |
| USD | TALEN ENERGY SUPPLY LLC-144A 7.25000% 19-15.05.27 | 2 575 000.00 | 2 636 516.75 | 0.19 |
| USD | TALLGRASS ENERGY PARTNERS LP-144A 6.00000% 20-31.12.30 | 2 305 000.00 | 2 351 100.00 | 0.17 |
| USD | TARGA RESOURCES PARTNERS 5.50000% 19-01.03.30 | 1 900 000.00 | 2 052 760.00 | 0.14 |
| USD | TELESAT CANADA / TELESAT LLC-144A 5.62500% 21-06.12.26 | 965 000.00 | 962 851.24 | 0.07 |
| USD | UNITED NATURAL FODDS INC-144A 6.75000% 20-15.10.28 | 2 515 000.00 | 2 694 017.70 | 0.19 |
| USD | URBAN ONE INC-144A 7.37500% 21-01.02.28 | 475 000.00 | 503 044.00 | 0.04 |
| USD | USA COMPRESSION PARTNERS LLC 6.87500% 19-01.09.27 | 4 040 000.00 | 4 240 788.00 | 0.30 |
| USD | VOC ESCROW LTD-144A 5.00000% 18-15.02.28 | 1 315 000.00 | 1 324 862.50 | 0.09 |
| Total USD |  |  | 93 255 962.79 | 6.58 |
| Total Notes, fixed rate |  | 93 255 962.79 | 6.58 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	DELEK LOGISTICS PARTNERS LP 6.75000% 18-15.05.25 | 3 595 000.00 | 3 678 134.38 | 0.26 |
| Total USD |  | 3 678 134.38 | 0.26 |
| Total Bonds, fixed rate |  | 3 678 134.38 | 0.26 |
| Total Transferable securities and money market instruments not listed on an official stock exchange and not traded on another regulated market |  | 96 934 097.17 | 6.84 |
| Recently issued transferable securities and money market instruments |  |  |  |
| Notes, fixed rate |  |  |  |
| USD |  |  |  |
| USD	ACADEMY LTD-144A 6.00000% 20-15.11.27 | 3 135 000.00 | 3 330 937.50 | 0.24 |
| USD	AMERICAN BUILDERS & CONTRAC SUPPLY-144A 3.87500% 21-15.11.29 | 1 930 000.00 | 1 899 313.00 | 0.13 |
| USD	ANTERO RESOURCES CORP-144A 5.37500% 21-01.03.30 | 965 000.00 | 968 681.48 | 0.07 |
| USD	ANTERO RESOURCES FIN CORP-144A 7.62500% 21-01.02.29 | 4 495 000.00 | 4 944 500.00 | 0.35 |
| USD	ARCOSA INC-144A 4.37500% 21-15.04.29 | 3 380 000.00 | 3 398 928.00 | 0.24 |
| USD	BIDFAIR HOLDINGS INC-144A 5.87500% 21-01.06.29 | 500 000.00 | 502 650.00 | 0.04 |
| USD	BOXER PARENT CO INC-144A 7.12500% 20-02.10.25 | 2 240 000.00 | 2 402 624.00 | 0.17 |
| USD	CALIFORNIA RESOURCES CORP-144A 7.12500% 21-01.02.26 | 4 505 000.00 | 4 662 675.00 | 0.33 |
| USD	CATALENT PHARMA SOLUTIONS INC-144A 3.125% 21-15.02.29 | 1 740 000.00 | 1 674 402.00 | 0.12 |
| USD	CCM MERGER INC-144A 6.37500% 20-01.05.26 | 1 985 000.00 | 2 090 205.00 | 0.15 |
| USD	CHEMOURS CO/THE-144A 5.75000% 20-15.11.28 | 2 555 000.00 | 2 730 937.30 | 0.19 |
| USD	CHENIERE ENERGY PARTNERS LP-144A 4.00000% 21-01.03.31 | 2 725 000.00 | 2 812 745.00 | 0.20 |
| USD	CHS/COMMUNITY HEALTH SYSTEMS INC-144A 6.87500% 21-15.04.29 | 5 940 000.00 | 6 063 314.39 | 0.43 |
| USD	CINEMARK USA INC-144A 5.87500% 21-15.03.26 | 715 000.00 | 740 918.75 | 0.05 |
| USD	CLEARWATER PAPER CORP-144A 4.75000% 20-15.08.28 | 2 445 000.00 | 2 396 100.00 | 0.17 |
| USD	CLEVELAND-CLIFFS INC-144A 4.87500% 21-01.03.31 | 955 000.00 | 976 468.40 | 0.07 |
| USD	COMSTOCK RESOURCES INC-144A 6.75000% 21-01.03.29 | 3 195 000.00 | 3 339 414.00 | 0.24 |
| USD	CONSOLIDATED COMMUNICATIONS INC-144A 6.50000% 20-01.10.28 | 2 455 000.00 | 2 654 468.75 | 0.19 |
| USD	CONSTELLIUM SE-144A 5.62500% 20-15.06.28 | 1 135 000.00 | 1 203 100.00 | 0.08 |
| USD	CSC HOLDINGS INC-144A 4.12500% 20-01.12.30 | 1 000 000.00 | 977 300.00 | 0.07 |
| USD	ENERGIZER HOLDINGS INC-144A 4.37500% 20-31.03.29 | 1 915 000.00 | 1 891 024.20 | 0.13 |
| USD	FIRST QUANTUM MINERALS LTD-144A 6.87500% 20-15.10.27 | 4 325 000.00 | 4 719 656.25 | 0.33 |
| USD	FORESTAR GROUP INC-144A 3.85000% 21-15.05.26 | 3 380 000.00 | 3 401 125.00 | 0.24 |
| USD	FORTRESS TRANS & INFRA INV LLC-144A 5.50000% 21-01.05.28 | 480 000.00 | 498 232.80 | 0.04 |
| USD	FOUNDATION BUILDING MATERIALS INC-144A 6.00000% 21-01.03.29 | 2 260 000.00 | 2 215 704.00 | 0.16 |
| USD	FRONTIER COMMUNICATIONS CORP-144A 6.75000% 20-01.05.29 | 2 485 000.00 | 2 598 266.30 | 0.18 |
| USD	GFL ENVIRONMENTAL INC-144A 4.00000% 20-01.08.28 | 1 840 000.00 | 1 775 489.60 | 0.13 |
| USD	HIGHTOWER HOLDING LLC-144A 6.75000% 21-15.04.29 | 965 000.00 | 979 581.15 | 0.07 |
| USD	HOWARD HUGHES CORP-144A 5.37500% 20-01.08.28 | 2 560 000.00 | 2 696 000.00 | 0.19 |
| USD	HOWARD HUGHES CORP/THE-144A 4.37500% 21-01.02.31 | 955 000.00 | 946 643.75 | 0.07 |
| USD	KBR INC 144-A 4.75000% 20-30.09.28 | 955 000.00 | 962 162.50 | 0.07 |
| USD	L BRANDS INC-144A 6.62500% 20-01.10.30 | 2 330 000.00 | 2 663 190.00 | 0.19 |
| USD	LCM INVESTMENTS HOLDINGS II LLC-144A 4.87500% 21-01.05.29 | 2 410 000.00 | 2 474 973.60 | 0.17 |
| USD	LEGENDS HOSPITALITY HOLDING CO LLC-144A 5.00000% 21-01.02.26 | 1 900 000.00 | 1 966 500.00 | 0.14 |
| USD	LEVEL 3 FINANCING INC-144A 4.25000% 20-01.07.28 | 4 375 000.00 | 4 384 406.25 | 0.31 |
| USD	LITHIA MOTORS INC-144A 3.87500% 21-01.06.29 | 1 930 000.00 | 1 982 804.80 | 0.14 |
| USD	LOGAN MERGER SUB INC-144A 5.50000% 20-01.09.27 | 3 030 000.00 | 3 120 657.60 | 0.22 |
| USD	MEG ENERGY CORP-144A 5.87500% 21-01.02.29 | 6 570 000.00 | 6 832 800.00 | 0.48 |
| USD	MERITOR INC-144A 4.50000% 20-15.12.28 | 475 000.00 | 476 187.50 | 0.03 |
| USD	MIDWEST GAMING BORROWER LLC-144A 4.87500% 21-01.05.29 | 1 930 000.00 | 1 933 184.50 | 0.14 |
| USD	MUELLER WATER PRODUCTS INC-144A 4.00000% 21-15.06.29 | 1 930 000.00 | 1 968 600.00 | 0.14 |
| USD	NABORS INDUSTRIES INC-144A 9.00000% 20-01.02.25 | 1 855 000.00 | 1 896 737.50 | 0.13 |
| USD	NATIONSTAR MORTGAGE HOLDINGS INC-144A 5.12500% 20-15.12.30 | 955 000.00 | 921 575.00 | 0.06 |
| USD	NCL CORP LTD-144A 5.87500% 20-15.03.26 | 2 375 000.00 | 2 472 968.75 | 0.17 |
| USD	NESCO HOLDINGS II INC-144A 5.50000% 21-15.04.29 | 3 780 000.00 | 3 898 125.00 | 0.28 |
| USD	NEWS CORP-144A 3.87500% 21-15.05.29 | 3 395 000.00 | 3 424 706.25 | 0.24 |
| USD	NORTHWEST FIBER LLC / FINANCE-144A 6.00000% 21-15.02.28 | 3 365 000.00 | 3 329 903.05 | 0.23 |
| USD	NRG ENERGY INC-144A 3.62500% 20-15.02.31 | 1 900 000.00 | 1 821 625.00 | 0.13 |
| USD	ORGANON FINANCE 1 LLC-144A 4.12500% 21-30.04.28 | 3 390 000.00 | 3 423 900.00 | 0.24 |
| USD	ORGANON FINANCE 1 LLC-144A 5.12500% 21-30.04.31 | 3 390 000.00 | 3 478 580.70 | 0.25 |

UBS (Lux) Bond SICAV – USD 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 | PARK INTERMEDIATE HOLDINGS LLC-144A 4.87500% 21-15.05.29 | 2 656 000.00 | 2 750 022.40 | 0.19 |
| USD | PETSMART FINANCE CORP-144A 4.75000% 21-15.02.28 | 2 000 000.00 | 2 071 200.00 | 0.15 |
| USD | PIKE CORP-144A 5.50000% 20-01.09.28 | 2 615 000.00 | 2 668 162.95 | 0.19 |
| USD | PM GENERAL PURCHASER LLC-144A 9.50000% 20-01.10.28 | 2 630 000.00 | 2 873 275.00 | 0.20 |
| USD | QUICKEN LOANS LLC-144A 3.62500% 20-01.03.29 | 3 795 000.00 | 3 698 796.75 | 0.26 |
| USD | REYNOLDS GROUP-144A 4.00000% 20-15.10.27 | 955 000.00 | 938 287.50 | 0.07 |
| USD | ROYAL CARIBBEAN CRUISES LTD-144A 9.12500% 20-15.06.23 | 2 625 000.00 | 2 903 775.00 | 0.20 |
| USD | SBA COMMUNICATIONS CORP-144A 3.12500% 21-01.02.29 | 955 000.00 | 916 800.00 | 0.06 |
| USD | SCRIPPS ESCROW II INC-144A 5.37500% 20-15.01.31 | 1 890 000.00 | 1 892 362.49 | 0.13 |
| USD | SMYRNA READY MIX CONCRETE LLC-114A 6.00000% 21-01.11.28 | 965 000.00 | 1 005 510.70 | 0.07 |
| USD | SQUARE INC-144A 3.50000% 21-01.06.31 | 3 538 000.00 | 3 537 787.72 | 0.25 |
| USD | SRM ESCROW ISSUER LLC-144A 6.00000% 20-01.11.28 | 4 900 000.00 | 5 105 702.00 | 0.36 |
| USD | SRS DISTRIBUTION INC-144A 4.62500% 21-01.07.28 | 2 130 000.00 | 2 149 596.00 | 0.15 |
| USD | SRS DISTRIBUTION INC-144A 6.12500% 21-01.07.29 | 2 130 000.00 | 2 172 600.00 | 0.15 |
| USD | STERICYCLE INC-144A 3.87500% 20-15.01.29 | 2 045 000.00 | 2 039 887.50 | 0.14 |
| USD | SYNEOS HEALTH INC-144A 3.62500% 20-15.01.29 | 955 000.00 | 932 318.75 | 0.07 |
| USD | TARGA RESOURCES PARTNERS-144A 4.00000% 21-15.01.32 | 1 915 000.00 | 1 898 894.85 | 0.13 |
| USD | TENET HEALTHCARE CORP-144A 6.12500% 20-01.10.28 | 4 970 000.00 | 5 201 353.50 | 0.37 |
| USD | TENNECO AUTOMOTIVE INC-144A 7.87500% 20-15.01.29 | 475 000.00 | 531 363.50 | 0.04 |
| USD | TITAN INTERNATIONAL INC-144A 7.00000% 21-30.04.28 | 480 000.00 | 500 256.00 | 0.04 |
| USD | TRANSDIGM INC-144A-SUB 4.62500% 21-15.01.29 | 5 265 000.00 | 5 199 187.50 | 0.37 |
| USD | TRANSOCEAN INC-144A 11.50000% 20-30.01.27 | 930 000.00 | 925 759.20 | 0.07 |
| USD | TUBE CITY IMS CORP-144A 6.25000% 21-15.04.29 | 3 870 000.00 | 4 024 800.00 | 0.28 |
| USD | UNIVISION COMMUNICATIONS INC-144A 6.62500% 20-01.06.27 | 1 920 000.00 | 2 076 000.00 | 0.15 |
| USD | UNIVISION COMMUNICATIONS INC-144A 4.50000% 21-01.05.29 | 965 000.00 | 976 599.30 | 0.07 |
| USD | VIRGIN MEDIA SECURED FINANCE PLC-144A 4.50000% 20-15.08.30 | 3 325 000.00 | 3 316 687.50 | 0.23 |
| USD | WATCO COS LLC / WATCO FINANCE CORP-144A 6.50000% 20-15.06.27 | 955 000.00 | 1 009 912.50 | 0.07 |
| USD | WEEKLEY HOMES LLC / WEEKLEY FIN-144A 4.87500% 20-15.09.28 | 3 240 000.00 | 3 360 528.00 | 0.24 |
| USD | WHITE CAP BUYER LLC-144A 6.87500% 20-15.10.28 | 5 590 000.00 | 5 883 475.00 | 0.42 |
| USD | WMG ACQUISITION CORP-144A 3.00000% 20-15.02.31 | 990 000.00 | 934 312.50 | 0.07 |
| USD | WR GRACE & CO-CONN-144A 4.87500% 20-15.06.27 | 2 685 000.00 | 2 825 962.50 | 0.20 |
| USD | WW INTERNATIONAL INC-144A 4.50000% 21-15.04.29 | 1 905 000.00 | 1 904 542.80 | 0.13 |
| Total USD |  |  | 203 150 713.03 | 14.35 |
| Total Notes, fixed rate |  | 203 150 713.03 | 14.35 |
| Bonds, fixed rate |  |  |  |
| USD |  |  |  |
| USD	HUDBAY MINERALS INC-144A 6.12500% 20-01.04.29 | 1 825 000.00 | 1 907 125.00 | 0.13 |
| Total USD |  | 1 907 125.00 | 0.13 |
| Total Bonds, fixed rate	1 907 125.00 | 0.13 |
| Total Recently issued transferable securities and money market instruments	205 057 838.03 | 14.48 |
| UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010 |  |
| Investment funds, open end |  |
| Ireland |  |
| USD	ISHARES USD HIGH YIELD CORPORATE BOND UCITS ETF	1.00	102.54 | 0.00 |
| Total Ireland	102.54 | 0.00 |
| Luxembourg |  |
| USD	UBS (LUX) BOND SICAV - ASIAN HIGH YIELD (USD) U-X-ACC	1 075.00	13 723 675.75 | 0.97 |
| USD	UBS (LUX) BOND SICAV - MULTI INCOME (USD)-U-X-ACC	500.00	5 347 550.00 | 0.38 |
| Total Luxembourg	19 071 225.75 | 1.35 |
| Total Investment funds, open end	19 071 328.29 | 1.35 |
| Total UCITS/Other UCIs in accordance with Article 41 (1) e) of the amended Luxembourg law of 17 December 2010	19 071 328.29 | 1.35 |
| Derivative instruments not listed on an official stock exchange and not traded on another regulated market |  |
| Options on other swaps, classic-styled |  |
| USD |  |
| USD	GOLDMAN SACH/CDX.NA.HY.36 SWAPTION PUT 108.50000 21-21.07.21	67 500 000.00	390 129.75 | 0.03 |
| USD	GOLDMAN SACH/CDX.NA.HY.36 SWAPTION PUT 106.00000 21-21.07.21	-67 500 000.00	-180 589.50 | -0.01 |
| USD	GOLDMAN SACH/CDX.NA.HY.36 SWAPTION PUT 103.00000 21-21.07.21	-67 500 000.00	-97 294.50 | -0.01 |
| Total USD	112 245.75 | 0.01 |
| Total Options on other swaps, classic-styled	112 245.75 | 0.01 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market	112 245.75 | 0.01 |
| Total investments in securities	1 333 621 904.42 | 94.14 |
| Derivative instruments |  |
| Derivative instruments listed on an official stock exchange |  |
| Financial Futures on bonds |  |

| USD | US 10YR TREASURY NOTE FUTURE 21.09.21 | -417.00 | -65 156.25 | 0.00 |
| --- | --- | --- | --- | --- |
| USD | US LONG BOND FUTURE 21.09.21 | -191.00 | -67 195.22 | -0.01 |
| Total Financial Futures on bonds | -132 351.47 | -0.01 |
| Total Derivative instruments listed on an official stock exchange | -132 351.47 | -0.01 |
| UBS (Lux) Bond SICAV – USD 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) |  |

Derivative instruments not listed on an official stock exchange and not traded on another regulated market
Swaps and forward swaps on indices
| USD USD | JP MORGAN/IBOXX USD LIQUID HY TR EQS REC PERF 20-20.06.21 JP MORGAN/IBOXX USD LIQUID HY TR EQS PAYER 3ML 20-20.06.21 | 30 000 000.15 | 246 724.08 | 0.02 |
| --- | --- | --- | --- | --- |
| USD | GS/IBOXX USD LIQUID HY TR EQS REC PERF 21-20.06.21 | 50 000 000.00 | 1 240 400.87 | 0.09 |
| USD | GS/IBOXX USD LIQUID HY TR EQS PAYER 3ML 21-20.06.21 |  |  |  |
| Total Swaps and forward swaps on indices | 1 487 124.95 | 0.11 |
| Total Derivative instruments not listed on an official stock exchange and not traded on another regulated market | 1 487 124.95 | 0.11 |
| Total Derivative instruments | 1 354 773.48 | 0.10 |
| Forward Foreign Exchange contracts |  |  |
| Currency purchased/Amount purchased/Currency sold/Amount sold/Maturity date |  |  |

| USD | 2 800 705.83 | GBP | 1 975 000.00 | 28.6.2021 | -6 849.40 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| ZAR | 16 294 100.00 | USD | 1 170 227.15 | 28.6.2021 | 13 583.76 | 0.00 |
| USD | 65 433 831.54 | EUR | 53 340 000.00 | 28.6.2021 | 187 464.82 | 0.01 |
| EUR | 40 845 000.00 | USD | 50 105 827.70 | 28.6.2021 | -143 550.82 | -0.01 |
| CHF | 58 535 000.00 | USD | 65 579 519.16 | 28.6.2021 | -453 859.05 | -0.03 |
| USD | 3 329.45 | ZAR | 46 100.00 | 28.6.2021 | -19.84 | 0.00 |
| ZAR | 46 100.00 | USD | 3 341.28 | 1.6.2021 | 18.78 | 0.00 |
| ZAR | 203 100.00 | USD | 14 713.27 | 28.6.2021 | 42.50 | 0.00 |
| Total Forward Foreign Exchange contracts | -403 169.25 | -0.03 |
|  |  |  |
| Cash at banks, deposits on demand and deposit accounts and other liquid assets | 80 226 603.30* | 5.66 |
| Other assets and liabilities | 1 817 930.31 | 0.13 |
| Total net assets | 1 416 618 042.26 | 100.00 |
| * As at 31 May 2021, cash amounts serve as collateral for the counterparty JP Morgan for an amount of USD 11 000.00. |  |  |

UBS (Lux) Bond SICAV – USD High Yield (USD) Annual report and audited financial statements as of 31 May 2021

Translation (ENDE, 2021-05-31):
# UBS (Lux) Bond SICAV – USD High Yield (USD)
| Dreijahresvergleich |  |
| --- | --- |
|  | ISIN | 31.5.2021 | 31.5.2020 | 31.5.2019 |
| Nettovermögen in USD |  | 1 416 618 042.26 | 1 032 935 408.27 | 965 150 659.20 |
| Klasse F-acc | LU0396369489 |  |  |  |
| Aktien im Umlauf |  | 367 127.2680 | 458 803.7680 | 405 301.5000 |
| Nettoinventarwert pro Aktie in USD |  | 351.70 | 311.96 | 310.04 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 351.70 | 311.96 | 310.04 |
| Klasse I-A1-acc | LU0396369992 |  |  |  |
| Aktien im Umlauf |  | 232 057.9190 | 349 734.4130 | 246 762.3270 |
| Nettoinventarwert pro Aktie in USD |  | 173.32 | 153.89 | 153.10 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 173.32 | 153.89 | 153.10 |
| Klasse I-A2-mdist 2 | LU0862612198 |  |  |  |
| Aktien im Umlauf |  | - | - | 11 399.6270 |
| Nettoinventarwert pro Aktie in USD |  | - | - | 94.37 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | - | - | 94.37 |
| Klasse I-B-acc | LU0396370651 |  |  |  |
| Aktien im Umlauf |  | 313 525.4260 | 197 567.4270 | 47 297.4590 |
| Nettoinventarwert pro Aktie in USD |  | 184.68 | 163.07 | 161.34 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 184.68 | 163.07 | 161.34 |
| Klasse (CHF hedged) I-B-acc 3 | LU2219379455 |  |  |  |
| Aktien im Umlauf Nettoinventarwert pro Aktie in CHF Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | - - - | - - - | - - - |
| Klasse (EUR hedged) I-B-acc 4 | LU1023284349 |  |  |  |
| Aktien im Umlauf |  | 232 929.4170 | - | - |
| Nettoinventarwert pro Aktie in EUR |  | 110.14 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 110.14 | - | - |
| Klasse I-X-acc | LU0396370818 |  |  |  |
| Aktien im Umlauf |  | 50 712.4560 | 47 282.2030 | 98 607.5200 |
| Nettoinventarwert pro Aktie in USD |  | 185.90 | 164.04 | 162.18 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 185.90 | 164.04 | 162.18 |
| Klasse (CHF hedged) I-X-acc | LU1819711182 |  |  |  |
| Aktien im Umlauf |  | 235 648.8920 | 219 742.0300 | 204 287.4650 |
| Nettoinventarwert pro Aktie in CHF |  | 112.99 | 100.93 | 102.84 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 112.99 | 100.93 | 102.84 |
| Klasse (EUR hedged) I-X-acc | LU1554276805 |  |  |  |
| Aktien im Umlauf |  | 115 100.2590 | 13 000.2590 | 13 005.8120 |
| Nettoinventarwert pro Aktie in EUR |  | 117.58 | 104.84 | 106.23 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 117.58 | 104.84 | 106.23 |
| Klasse K-X-acc | LU1801154631 |  |  |  |
| Aktien im Umlauf |  | 132 177.7600 | 119 862.4900 | 30 088.6090 |
| Nettoinventarwert pro Aktie in USD |  | 113.56 | 100.25 | 99.16 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 113.56 | 100.25 | 99.16 |
| Klasse P-6%-mdist | LU1076698411 |  |  |  |
| Aktien im Umlauf |  | 99 608.5830 | 90 678.9810 | 84 982.5020 |
| Nettoinventarwert pro Aktie in USD |  | 85.98 | 81.54 | 86.67 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 85.98 | 81.54 | 86.67 |
| Klasse P-acc | LU0070848972 |  |  |  |
| Aktien im Umlauf |  | 227 041.7970 | 256 026.4060 | 304 680.8520 |
| Nettoinventarwert pro Aktie in USD |  | 330.63 | 295.58 | 296.04 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 330.63 | 295.58 | 296.04 |
| Klasse (CHF hedged) P-acc | LU0566797311 |  |  |  |
| Aktien im Umlauf |  | 118 748.9590 | 136 441.1120 | 154 929.4420 |
| Nettoinventarwert pro Aktie in CHF |  | 141.97 | 128.55 | 132.73 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 141.97 | 128.55 | 132.73 |
| Klasse P-mdist | LU0459103858 |  |  |  |
| Aktien im Umlauf |  | 1 363 641.5960 | 1 137 564.7250 | 1 351 553.9830 |
| Nettoinventarwert pro Aktie in USD |  | 83.71 | 79.68 | 85.19 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 83.71 | 79.68 | 85.19 |
| Klasse (ZAR hedged) P-mdist 5 | LU2185883449 |  |  |  |
| Aktien im Umlauf |  | 16 247.5270 | - | - |
| Nettoinventarwert pro Aktie in ZAR |  | 1 026.58 | - | - |
| Ausgabe- und Rücknahmepreis pro Aktie in ZAR 1 |  | 1 026.58 | - | - |

UBS (Lux) Bond SICAV – USD High Yield (USD)
Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
|  | ISIN | 31.5.2021 | 31.5.2020 | 31.5.2019 |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
| Klasse Q-6%-mdist | LU1240777455 |  |  |  |
| Aktien im Umlauf |  | 40 267.0040 | 9 594.0930 | 6 245.2470 |
| Nettoinventarwert pro Aktie in USD |  | 101.73 | 95.97 | 101.44 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 101.73 | 95.97 | 101.44 |
| Klasse Q-acc | LU0396369646 |  |  |  |
| Aktien im Umlauf |  | 107 842.2980 | 98 333.1700 | 143 384.7100 |
| Nettoinventarwert pro Aktie in USD |  | 138.90 | 123.50 | 123.03 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 138.90 | 123.50 | 123.03 |
| Klasse (CHF hedged) Q-acc | LU1240777299 |  |  |  |
| Aktien im Umlauf |  | 132 746.1170 | 150 824.0710 | 165 218.9730 |
| Nettoinventarwert pro Aktie in CHF |  | 121.61 | 109.51 | 112.47 |
| Ausgabe- und Rücknahmepreis pro Aktie in CHF 1 |  | 121.61 | 109.51 | 112.47 |
| Klasse (EUR hedged) Q-acc | LU1004768518 |  |  |  |
| Aktien im Umlauf |  | 16 541.0130 | 16 827.3040 | 13 430.1790 |
| Nettoinventarwert pro Aktie in EUR |  | 125.06 | 112.42 | 114.81 |
| Ausgabe- und Rücknahmepreis pro Aktie in EUR 1 |  | 125.06 | 112.42 | 114.81 |
| Klasse Q-mdist | LU1240777539 |  |  |  |
| Aktien im Umlauf |  | 83 696.0340 | 61 346.6530 | 58 678.5890 |
| Nettoinventarwert pro Aktie in USD |  | 98.03 | 92.80 | 98.67 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 98.03 | 92.80 | 98.67 |
| Klasse U-X-acc | LU0396371030 |  |  |  |
| Aktien im Umlauf |  | 37 048.9790 | 27 250.8860 | 24 805.7340 |
| Nettoinventarwert pro Aktie in USD |  | 21 659.74 | 19 112.37 | 18 896.80 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 21 659.74 | 19 112.37 | 18 896.80 |
| Klasse U-X-UKdist-mdist | LU1839734875 |  |  |  |
| Aktien im Umlauf |  | 1 893.0000 | 902.0000 | 543.0000 |
| Nettoinventarwert pro Aktie in USD |  | 10 275.57 | 9 477.03 | 10 049.67 |
| Ausgabe- und Rücknahmepreis pro Aktie in USD 1 |  | 10 275.57 | 9 477.03 | 10 049.67 |
| 1  Siehe Erläuterung 1 2  Die Aktienklasse I-A2-mdist war bis zum 24.2.2020 im Umlauf 3  Für die Periode vom 4.9.2020 bis zum 30.4.2021 war die Aktienklasse (CHF hedged) I-B-acc im Umlauf 4  Erste NAV 9.7.2020 5  Erste NAV 22.9.2020 |  |  |  |  |
| Performance |  |  |  |  |
|  | Währung | 2020/2021 | 2019/2020 | 2018/2019 |
| Klasse F-acc | USD | 12.7% | 0.6% | 5.8% |
| Klasse I-A1-acc | USD | 12.6% | 0.5% | 5.7% |
| Klasse I-A2-mdist 1 | USD | - | - | 5.7% |
| Klasse I-B-acc | USD | 13.3% | 1.1% | 6.3% |
| Klasse (CHF hedged) I-B-acc 2 | CHF | - | - | - |
| Klasse (EUR hedged) I-B-acc 3 | EUR | - | - | - |
| Klasse I-X-acc | USD | 13.3% | 1.1% | 6.3% |
| Klasse (CHF hedged) I-X-acc | CHF | 11.9% | -1.9% | 3.0% |
| Klasse (EUR hedged) I-X-acc | EUR | 12.2% | -1.3% | 3.3% |
| Klasse K-X-acc | USD | 13.3% | 1.1% | N/A |
| Klasse P-6%-mdist | USD | 11.9% | -0.2% | 5.0% |
| Klasse P-acc | USD | 11.9% | -0.2% | 5.0% |
| Klasse (CHF hedged) P-acc | CHF | 10.4% | -3.1% | 1.6% |
| Klasse P-mdist | USD | 11.9% | -0.2% | 5.0% |
| Klasse (ZAR hedged) P-mdist 3 | ZAR | - | - | - |
| Klasse Q-6%-mdist | USD | 12.5% | 0.4% | 5.5% |
| Klasse Q-acc | USD | 12.5% | 0.4% | 5.5% |
| Klasse (CHF hedged) Q-acc | CHF | 11.0% | -2.6% | 2.2% |
| Klasse (EUR hedged) Q-acc | EUR | 11.2% | -2.1% | 2.5% |
| Klasse Q-mdist | USD | 12.5% | 0.4% | 5.5% |
| Klasse U-X-acc | USD | 13.3% | 1.1% | 6.3% |
| Klasse U-X-UKdist-mdist | USD | 13.3% | 1.1% | - |
| Benchmark: |  |  |  |  |
| ICE BofAML US High Yield Cash Pay Constrained Index | USD | 15.0% | 0.4% | 5.4% |
| ICE BofAML US High Yield Cash Pay Constrained Index (hedged CHF) | CHF | 13.3% | -2.6% | 1.9% |
| ICE BofAML US High Yield Cash Pay Constrained Index (hedged EUR) | EUR | 13.5% | -2.2% | 2.3% |
| ICE BofAML US High Yield Cash Pay Constrained Index (hedged ZAR) | ZAR | 15.0% | 0.4% | 5.4% |

1 
Die Aktienklasse I-A2-mdist war bis zum 24.2.2020 im Umlauf. Auf Grund dessen liegen keine Daten für die Berechnung der Performance vor.
2 
Für die Periode vom 4.9.2020 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 vor.
3 
Auf Grund der Neulancierung liegen keine Daten für die Berechnung der Performance vor.
Die historische Performance stellt keinen Indikator für die laufende oder zukünftige Performance dar.
Die Performancedaten lassen die bei der Ausgabe und Rücknahme der Aktien erhobenen Kommissionen und Kosten unberücksichtigt. Die Performancedaten sind ungeprüft.
UBS (Lux) Bond SICAV – USD High Yield (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021

## Bericht des Portfolio Managers
Im Berichtszeitraum vom 1. Juni 2020 bis zum 31. Mai 2021 verbuchte der Markt für US-Hochzinsanleihen einen äusserst positiven absoluten Gesamtertrag, der haupt- sächlich auf die Verengung der Risikoprämien zurückzu- führen war. Das Augenmerk richtete sich in dieser Zeit primär auf die massiven Interventionen der weltweiten Zentralbanken zur Unterstützung der Wirtschaft sowie auf positive Impfstoffmeldungen und Impfprogramme. Durch positive Nachrichten, verbesserte Wachstumsaus- sichten und die Suche der Anleger nach Renditen erhielt die Anlageklasse weiterhin Rückenwind.
Nach Abzug von Gebühren erzielte der Fonds im Berichts- zeitraum vom 1. Juni 2020 bis zum 31. Mai 2021 eine positive absolute Performance. Der grösste Negativfaktor für die Performance war unsere Allokation im Energie- sektor, die auf die vorsichtige Haltung in Bezug auf die Sektor- und Titelauswahl zurückzuführen war. Der Ein- zelhandel und der Automobilsektor schlugen ebenfalls negativ zu Buche. Zu den Faktoren, die sich positiv auf die Performance auswirkten, gehörte unter anderem unsere Präferenz für Telekommunikationswerte und die Allokation im Baustoffsektor. Aus Sicht der Sektorposi- tionierung bevorzugten wir am Ende des Berichtszeit- raums Sektoren wie Investitionsgüter, Dienstleister und Baustoffe.
UBS (Lux) Bond SICAV – USD High Yield (USD)
Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021

## Struktur des Wertpapierbestandes
Geographische Aufteilung in % des Nettovermögens	
| Vereinigte Staaten | 76.85 |
| --- | --- |
| Kanada | 5.04 |
| Luxemburg | 3.79 |
| Grossbritannien | 1.97 |
| Frankreich | 1.16 |
| Irland | 1.01 |
| Niederlande | 0.86 |
| Dänemark | 0.58 |
| Italien | 0.39 |
| Spanien | 0.37 |
| Deutschland | 0.35 |
| Cayman-Inseln | 0.34 |
| Belgien | 0.33 |
| Marshall Inseln | 0.28 |
| Panama | 0.28 |
| Brasilien | 0.18 |
| Liberia | 0.14 |
| Australien | 0.12 |
| Multinational | 0.10 |
| Total | 94.14 |

Wirtschaftliche Aufteilung in % des Nettovermögens	
Finanz- & Beteiligungsgesellschaften	27.59
| Erdöl | 7.89 |
| --- | --- |
| Telekommunikation | 6.45 |
| Gesundheits- & Sozialwesen | 6.03 |
| Baugewerbe & Baumaterial | 5.26 |
| Gastgewerbe & Freizeit | 4.07 |
| Diverse Dienstleistungen | 3.43 |
| Fahrzeuge | 2.72 |
| Nahrungsmittel & Softdrinks | 2.64 |
| Verkehr & Transport | 2.33 |
| Energie- & Wasserversorgung | 2.28 |
| Immobilien | 1.98 |
| Bergbau, Kohle & Stahl | 1.94 |
| Internet, Software & IT-Dienste | 1.86 |
| Umwelt & Recycling | 1.80 |
| Chemie | 1.73 |
| Maschinen & Apparate | 1.60 |
| Anlagefonds | 1.44 |
| Detailhandel, Warenhäuser | 1.40 |
| Pharmazeutik, Kosmetik & medizinische Produkte | 1.17 |
| Flugzeug- & Raumfahrtindustrie | 1.15 |
| Computer & Netzwerkausrüster | 1.15 |
| Elektrische Geräte & Komponenten | 0.99 |
| Banken & Kreditinstitute | 0.97 |
| Textilien, Kleidung & Lederwaren | 0.90 |
| Grafisches Gewerbe, Verlage & Medien | 0.65 |
| Diverse Konsumgüter | 0.62 |
| Edelmetalle und -steine | 0.50 |
| Verpackungsindustrie | 0.44 |
| Pfandbriefinstitute & Refinanzierungsgesellschaften | 0.34 |
| Nichteisenmetalle | 0.29 |
| Diverse nicht klassierte Gesellschaften | 0.25 |
| Forstwirtschaft, Holz & Papier | 0.17 |
| Elektronik & Halbleiter | 0.07 |
| Landwirtschaft & Fischerei | 0.04 |
| Total | 94.14 |


## Nettovermögensaufstellung
Aktiva	31.5.2021
USD
Wertpapierbestand, Einstandswert	1 302 113 291.83
Wertpapierbestand, nicht realisierte Werterhöhung (-minderung)		31 508 612.59	
Total Wertpapierbestand (Erläuterung 1)	1 333 621 904.42
Bankguthaben, Sicht- und Fristgelder	78 659 384.21*
Andere liquide Mittel (Margins)	1 567 219.09
Forderungen aus Zeichnungen	2 638 012.17
Zinsforderungen aus Wertpapieren	18 885 777.62
Total Aktiva	1 436 859 422.46
Passiva
Nicht realisierter Kursgewinn aus Swaps (Erläuterung 1)	1 487 124.95
Nicht realisierter Kursverlust aus Finanzterminkontrakten (Erläuterung 1)	-132 351.47
Nicht realisierter Kursverlust aus Devisenterminkontrakten (Erläuterung 1)	-403 169.25 Zinsverbindlichkeiten aus Kontokorrentkredit		-3.40
Verbindlichkeiten aus Wertpapierkäufen (Erläuterung 1)	-12 685 112.50
Verbindlichkeiten aus Rücknahmen	-6 420 539.21
Rückstellungen für pauschale Verwaltungskommission (Erläuterung 2)	-519 622.07
Rückstellungen für Abonnementsabgabe (Erläuterung 3)	-41 970.70
Rückstellungen für sonstige Kommissionen und Gebühren (Erläuterung 2)		-38 611.60		 Total Rückstellungen für Aufwendungen			-600 204.37
Total Passiva	-20 241 380.20
Nettovermögen am Ende des Geschäftsjahres	1 416 618 042.26

## Ertrags- und Aufwandsrechnung
Erträge	1.6.2020-31.5.2021
USD
Zinsertrag auf liquide Mittel	261.32
Zinsen auf Wertpapiere	56 527 589.25
Dividenden	958 625.47
Zinsertrag auf Swaps (Erläuterung 1)	1 420 067.14
Erträge aus Securities Lending (Erläuterung 16)	91 925.67
Total Erträge	63 026 089.41
Aufwendungen
Sonstige Erträge (Erläuterung 4)	4 027 620.56
Zinsaufwand auf Swaps (Erläuterung 1)	-1 042 305.22
Pauschale Verwaltungskommission (Erläuterung 2)	-4 138 604.90
Abonnementsabgabe (Erläuterung 3)	-225 108.80
Kosten aus Securities Lending (Erläuterung 16)	-36 770.27
Sonstige Kommissionen und Gebühren (Erläuterung 2)	-93 122.84
Nettoerträge (-verluste) aus Anlagen	57 474 574.65
Total Aufwendungen	-5 551 514.76
Zinsaufwand auf liquide Mittel und Kontokorrentkredit	-15 602.73
Realisierte Gewinne (Verluste) (Erläuterung 1)
Realisierter Kursgewinn (-verlust) aus marktbewerteten Wertpapieren ausser Optionen	16 789 411.79
Realisierter Kursgewinn (-verlust) aus Optionen	654 401.25
Realisierter Kursgewinn (-verlust) aus Finanzterminkontrakten	180 696.10
Realisierter Kursgewinn (-verlust) aus Devisenterminkontrakten	-216 739.44
Realisierter Kursgewinn (-verlust) aus Swaps	244 857.58
Total der realisierten Gewinne (Verluste)	18 222 980.54
Realisierter Nettogewinn (-verlust) des Geschäftsjahres	75 697 555.19
Veränderungen der nicht realisierten Werterhöhung (-minderung) (Erläuterung 1)
Realisierter Währungsgewinn (-verlust)	570 353.26
Nicht realisierte Werterhöhung (-minderung) marktbewerteter Wertpapiere ausser Optionen	57 704 529.46
Nicht realisierte Werterhöhung (-minderung) von Optionen	1 545.75
Nicht realisierte Werterhöhung (-minderung) von Finanzterminkontrakten	-132 351.47
Nicht realisierte Werterhöhung (-minderung) von Devisenterminkontrakten	-83 571.64
Total der Veränderungen der nicht realisierten Werterhöhung (-minderung)	60 599 103.40
Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit	136 296 658.59
Nicht realisierte Werterhöhung (-minderung) von Swaps	3 108 951.30
* Zum 31. Mai 2021 wurden gegenüber JP Morgan Bankguthaben in Höhe von USD 11 000.00 als Sicherheit eingesetzt.
UBS (Lux) Bond SICAV – USD 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 | 1 032 935 408.27 |
| Zeichnungen | 634 288 567.63 |
| Rücknahmen | 	-378 275 849.83	 |
| Total Mittelzufluss (-abfluss) | 256 012 717.80 |
| Ausbezahlte Dividende | -8 626 742.40 |
| Nettoerträge (-verluste) aus Anlagen | 57 474 574.65 |
| Total der realisierten Gewinne (Verluste) | 18 222 980.54 |
| Total der Veränderungen der nicht realisierten Werterhöhung (-minderung) | 	60 599 103.40	 |
| Nettoerhöhung (-minderung) des Nettovermögens infolge Geschäftstätigkeit | 136 296 658.59 |
| Nettovermögen am Ende des Geschäftsjahres | 1 416 618 042.26 |
| Entwicklung der Aktien im Umlauf |  |
|  | 1.6.2020-31.5.2021 |
| Klasse | F-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 458 803.7680 |
| Anzahl der ausgegebenen Aktien | 12 155.0000 |
| Anzahl der zurückgegebenen Aktien | -103 831.5000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 367 127.2680 |
| Klasse | I-A1-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 349 734.4130 |
| Anzahl der ausgegebenen Aktien | 300 620.0050 |
| Anzahl der zurückgegebenen Aktien | -418 296.4990 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 232 057.9190 |
| Klasse | I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 197 567.4270 |
| Anzahl der ausgegebenen Aktien | 147 111.9990 |
| Anzahl der zurückgegebenen Aktien | -31 154.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 313 525.4260 |
| Klasse | (CHF hedged) I-B-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 40 428.9630 |
| Anzahl der zurückgegebenen Aktien | -40 428.9630 |
| 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 | 232 929.4170 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 232 929.4170 |
| Klasse | I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 47 282.2030 |
| Anzahl der ausgegebenen Aktien | 11 589.0090 |
| Anzahl der zurückgegebenen Aktien | -8 158.7560 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 50 712.4560 |
| Klasse | (CHF hedged) I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 219 742.0300 |
| Anzahl der ausgegebenen Aktien | 90 488.7580 |
| Anzahl der zurückgegebenen Aktien | -74 581.8960 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 235 648.8920 |
| Klasse | (EUR hedged) I-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 13 000.2590 |
| Anzahl der ausgegebenen Aktien | 148 553.0950 |
| Anzahl der zurückgegebenen Aktien | -46 453.0950 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 115 100.2590 |
| Klasse | K-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 119 862.4900 |
| Anzahl der ausgegebenen Aktien | 12 315.2700 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 132 177.7600 |
| Klasse | P-6%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 90 678.9810 |
| Anzahl der ausgegebenen Aktien | 23 249.6830 |
| Anzahl der zurückgegebenen Aktien | -14 320.0810 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 99 608.5830 |
| Klasse | P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 256 026.4060 |
| Anzahl der ausgegebenen Aktien | 41 454.2580 |
| Anzahl der zurückgegebenen Aktien | -70 438.8670 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 227 041.7970 |
| Klasse | (CHF hedged) P-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 136 441.1120 |
| Anzahl der ausgegebenen Aktien | 7 188.1800 |
| Anzahl der zurückgegebenen Aktien | -24 880.3330 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 118 748.9590 |

UBS (Lux) Bond SICAV – USD High Yield (USD)
Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
| Klasse | P-mdist |
| --- | --- |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 1 137 564.7250 |
| Anzahl der ausgegebenen Aktien | 577 256.6360 |
| Anzahl der zurückgegebenen Aktien | -351 179.7650 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 1 363 641.5960 |
| Klasse | (ZAR hedged) P-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 0.0000 |
| Anzahl der ausgegebenen Aktien | 16 247.5270 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 16 247.5270 |
| Klasse | Q-6%-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 9 594.0930 |
| Anzahl der ausgegebenen Aktien | 42 279.9160 |
| Anzahl der zurückgegebenen Aktien | -11 607.0050 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 40 267.0040 |
| Klasse | Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 98 333.1700 |
| Anzahl der ausgegebenen Aktien | 76 770.3570 |
| Anzahl der zurückgegebenen Aktien | -67 261.2290 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 107 842.2980 |
| Klasse | (CHF hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 150 824.0710 |
| Anzahl der ausgegebenen Aktien | 4 075.8000 |
| Anzahl der zurückgegebenen Aktien | -22 153.7540 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 132 746.1170 |
| Klasse | (EUR hedged) Q-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 16 827.3040 |
| Anzahl der ausgegebenen Aktien | 3 327.2690 |
| Anzahl der zurückgegebenen Aktien | -3 613.5600 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 16 541.0130 |
| Klasse | Q-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 61 346.6530 |
| Anzahl der ausgegebenen Aktien | 43 987.0610 |
| Anzahl der zurückgegebenen Aktien | -21 637.6800 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 83 696.0340 |
| Klasse | U-X-acc |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 27 250.8860 |
| Anzahl der ausgegebenen Aktien | 18 446.0000 |
| Anzahl der zurückgegebenen Aktien | -8 647.9070 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 37 048.9790 |
| Klasse | U-X-UKdist-mdist |
| Anzahl der Aktien im Umlauf zu Beginn des Geschäftsjahres | 902.0000 |
| Anzahl der ausgegebenen Aktien | 991.0000 |
| Anzahl der zurückgegebenen Aktien | 0.0000 |
| Anzahl der Aktien im Umlauf am Ende des Geschäftsjahres | 1 893.0000 |

| Monatliche Ausschüttung 1 |  |
| --- | --- |
| UBS (Lux) Bond SICAV – USD High Yield (USD) | Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| P-6%-mdist | 10.6.2020 | 15.6.2020 | USD | 0.40 |
| P-6%-mdist | 10.7.2020 | 15.7.2020 | USD | 0.40 |
| P-6%-mdist | 10.8.2020 | 13.8.2020 | USD | 0.42 |
| P-6%-mdist | 10.9.2020 | 15.9.2020 | USD | 0.42 |
| P-6%-mdist | 12.10.2020 | 15.10.2020 | USD | 0.42 |
| P-6%-mdist | 10.11.2020 | 13.11.2020 | USD | 0.41 |
| P-6%-mdist | 10.12.2020 | 15.12.2020 | USD | 0.43 |
| P-6%-mdist | 11.1.2021 | 14.1.2021 | USD | 0.43 |
| P-6%-mdist | 10.2.2021 | 16.2.2021 | USD | 0.43 |
| P-6%-mdist | 10.3.2021 | 15.3.2021 | USD | 0.43 |
| P-6%-mdist | 12.4.2021 | 15.4.2021 | USD | 0.42 |
| P-6%-mdist | 10.5.2021 | 13.5.2021 | USD | 0.43 |
| P-mdist | 15.6.2020 | 18.6.2020 | USD | 0.46 |
| P-mdist | 15.7.2020 | 20.7.2020 | USD | 0.46 |
| P-mdist | 17.8.2020 | 20.8.2020 | USD | 0.46 |
| P-mdist | 15.9.2020 | 18.9.2020 | USD | 0.47 |
| P-mdist | 15.10.2020 | 20.10.2020 | USD | 0.46 |
| P-mdist | 16.11.2020 | 19.11.2020 | USD | 0.41 |
| P-mdist | 15.12.2020 | 18.12.2020 | USD | 0.42 |
| P-mdist | 15.1.2021 | 20.1.2021 | USD | 0.42 |
| P-mdist | 15.2.2021 | 18.2.2021 | USD | 0.42 |
| P-mdist | 15.3.2021 | 18.3.2021 | USD | 0.42 |
| P-mdist | 15.4.2021 | 20.4.2021 | USD | 0.42 |
| P-mdist | 17.5.2021 | 20.5.2021 | USD | 0.38 |
| (ZAR hedged) P-mdist | 15.10.2020 | 20.10.2020 | ZAR | 9.70 |
| (ZAR hedged) P-mdist | 16.11.2020 | 19.11.2020 | ZAR | 7.86 |
| (ZAR hedged) P-mdist | 15.12.2020 | 18.12.2020 | ZAR | 8.08 |
| (ZAR hedged) P-mdist | 15.1.2021 | 20.1.2021 | ZAR | 8.15 |
| 1  Siehe Erläuterung 5 |  |  |  |  |

UBS (Lux) Bond SICAV – USD High Yield (USD) Jahresbericht und geprüfter Jahresabschluss per 31. Mai 2021
| UBS (Lux) Bond SICAV – USD High Yield (USD) | Ex-Date | Pay-Date | Währung | Betrag pro Aktie |
| --- | --- | --- | --- | --- |
| (ZAR hedged) P-mdist | 15.2.2021 | 18.2.2021 | ZAR | 8.12 |
| (ZAR hedged) P-mdist | 15.3.2021 | 18.3.2021 | ZAR | 8.09 |
| (ZAR hedged) P-mdist | 15.4.2021 | 20.4.2021 | ZAR | 8.08 |
| (ZAR hedged) P-mdist | 17.5.2021 | 20.5.2021 | ZAR | 8.95 |
| Q-6%-mdist | 10.6.2020 | 15.6.2020 | USD | 0.47 |
| Q-6%-mdist | 10.7.2020 | 15.7.2020 | USD | 0.47 |
| Q-6%-mdist | 10.8.2020 | 13.8.2020 | USD | 0.50 |
| Q-6%-mdist | 10.9.2020 | 15.9.2020 | USD | 0.50 |
| Q-6%-mdist | 12.10.2020 | 15.10.2020 | USD | 0.49 |
| Q-6%-mdist | 10.11.2020 | 13.11.2020 | USD | 0.49 |
| Q-6%-mdist | 10.12.2020 | 15.12.2020 | USD | 0.50 |
| Q-6%-mdist | 11.1.2021 | 14.1.2021 | USD | 0.51 |
| Q-6%-mdist | 10.2.2021 | 16.2.2021 | USD | 0.51 |
| Q-6%-mdist | 10.3.2021 | 15.3.2021 | USD | 0.50 |
| Q-6%-mdist | 12.4.2021 | 15.4.2021 | USD | 0.50 |
| Q-6%-mdist | 10.5.2021 | 13.5.2021 | USD | 0.51 |
| Q-mdist | 15.6.2020 | 18.6.2020 | USD | 0.54 |
| Q-mdist | 15.7.2020 | 20.7.2020 | USD | 0.54 |
| Q-mdist | 17.8.2020 | 20.8.2020 | USD | 0.54 |
| Q-mdist | 15.9.2020 | 18.9.2020 | USD | 0.54 |
| Q-mdist | 15.10.2020 | 20.10.2020 | USD | 0.53 |
| Q-mdist | 16.11.2020 | 19.11.2020 | USD | 0.48 |
| Q-mdist | 15.12.2020 | 18.12.2020 | USD | 0.49 |
| Q-mdist | 15.1.2021 | 20.1.2021 | USD | 0.49 |
| Q-mdist | 15.2.2021 | 18.2.2021 | USD | 0.49 |
| Q-mdist | 15.3.2021 | 18.3.2021 | USD | 0.49 |
| Q-mdist | 15.4.2021 | 20.4.2021 | USD | 0.49 |
| Q-mdist | 17.5.2021 | 20.5.2021 | USD | 0.45 |
| U-X-UKdist-mdist | 15.7.2020 | 20.7.2020 | USD | 42.14 |
| U-X-UKdist-mdist | 17.8.2020 | 20.8.2020 | USD | 44.92 |
| U-X-UKdist-mdist | 15.9.2020 | 18.9.2020 | USD | 43.82 |
| U-X-UKdist-mdist | 15.10.2020 | 20.10.2020 | USD | 39.23 |
| U-X-UKdist-mdist | 16.11.2020 | 19.11.2020 | USD | 37.82 |
| U-X-UKdist-mdist | 15.12.2020 | 18.12.2020 | USD | 51.89 |
| U-X-UKdist-mdist | 15.1.2021 | 20.1.2021 | USD | 23.93 |
| U-X-UKdist-mdist | 15.2.2021 | 18.2.2021 | USD | 41.57 |
| U-X-UKdist-mdist | 15.3.2021 | 18.3.2021 | USD | 37.61 |
| U-X-UKdist-mdist | 15.4.2021 | 20.4.2021 | USD | 44.20 |
| U-X-UKdist-mdist | 17.5.2021 | 20.5.2021 | USD | 39.10 |

UBS (Lux) Bond SICAV – USD 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 |  |  |  |
| EUR |  |  |  |
| EUR	ALTICE FRANCE HOLDING SA-REG-S 8.00000% 19-15.05.27 | 3 400 000.00 | 4 472 826.36 | 0.32 |
| EUR	ALTICE FRANCE-REG-S 5.87500% 18-01.02.27 | 3 040 000.00 | 3 956 176.92 | 0.28 |
| EUR	ARD FINANCE SA-REG-S (PIK) 5.00000% 19-30.06.27 | 3 205 000.00 | 4 002 020.10 | 0.28 |
| EUR	CASINO GUICHARD PERRACHON SA-REG-S 6.62500% 20-15.01.26 | 3 150 000.00 | 4 077 614.17 | 0.29 |
| EUR	COGENT COMMUNICATIONS GROUP INC-REG-S 4.37500% 19-30.06.24 | 2 480 000.00 | 3 092 390.94 | 0.22 |
| EUR	DKT FINANCE APS-REG-S 7.00000% 18-17.06.23 | 4 900 000.00 | 6 098 822.73 | 0.43 |
| EUR	EDREAMS ODIGEO SA-REG-S 5.50000% 18-01.09.23 | 4 300 000.00 | 5 232 685.24 | 0.37 |
| EUR	HOUSE OF HR-REG-S-SUB 7.50000% 20-15.01.27 | 3 550 000.00 | 4 611 682.97 | 0.32 |
| EUR	PROMONTORIA HOLDING-REG-S 6.75000% 18-15.08.23 | 2 800 000.00 | 3 371 438.79 | 0.24 |
| EUR	SUMMER BC HOLDCO A SARL-REG-S 9.25000% 19-31.10.27 | 3 900 000.00 | 4 575 794.64 | 0.32 |
| Total EUR |  | 43 491 452.86 | 3.07 |
| GBP |  |  |  |
| GBP	PINNACLE BIDCO PLC-REG-S 6.37500% 18-15.02.25 | 2 575 000.00 | 3 694 499.04 | 0.26 |
| Total GBP |  | 3 694 499.04 | 0.26 |
| USD |  |  |  |
| USD	AECOM TECHNOLOGY CORP 5.12500% 17-15.03.27 | 5 595 000.00 | 6 189 468.75 | 0.44 |
| USD	ALTICE FINANCING SA-144A 5.00000% 20-15.01.28 | 3 710 000.00 | 3 681 692.70 | 0.26 |
| USD	ALTICE FRANCE HOLDING SA 6.00000% 20-15.02.28 | 4 000 000.00 | 3 920 000.00 | 0.28 |
| USD	ALTICE FRANCE SA/FRANCE-144A 5.12500% 21-15.07.29 | 3 000 000.00 | 2 974 380.00 | 0.21 |
| USD	ALTICE FRANCE-144A 7.37500% 16-01.05.26 | 713 000.00 | 741 462.96 | 0.05 |
| USD	APACHE CORP 4.87500% 20-15.11.27 | 990 000.00 | 1 039 500.00 | 0.07 |
| USD	APACHE CORP 5.10000% 10-01.09.40 | 2 875 000.00 | 2 966 913.75 | 0.21 |
| USD	ARDAGH PACKAGING FINANCE/MP-144A 4.12500% 19-15.08.26 | 725 000.00 | 742 218.75 | 0.05 |
| USD	ASHTEAD CAPITAL INC-144A 5.25000% 18-01.08.26 | 1 300 000.00 | 1 358 370.00 | 0.10 |
| USD	AVIS BUDGET CAR RENT LLC/FIN INC-144A 5.37500% 21-01.03.29 | 955 000.00 | 993 200.00 | 0.07 |
| USD	BANFF MERGER SUB INC-144A 9.75000% 18-01.09.26 | 2 290 000.00 | 2 424 537.50 | 0.17 |
| USD	BUCKEYE PARTNERS LP 5.85000% 13-15.11.43 | 1 200 000.00 | 1 164 000.00 | 0.08 |
| USD	BUCKEYE PARTNERS LP 5.60000% 14-15.10.44 | 990 000.00 | 951 964.20 | 0.07 |
| USD	BUCKEYE PARTNERS LP 4.12500% 17-01.12.27 | 1 760 000.00 | 1 751 200.00 | 0.12 |
| USD	CARNIVAL CORP-144A 7.62500% 20-01.03.26 | 3 615 000.00 | 3 953 906.25 | 0.28 |
| USD	CENTENE CORP 2.50000% 21-01.03.31 | 2 855 000.00 | 2 735 090.00 | 0.19 |
| USD	CENTENE CORP 3.00000% 20-15.10.30 | 4 840 000.00 | 4 840 000.00 | 0.34 |
| USD	CENTURYLINK INC 5.62500% 15-01.04.25 | 940 000.00 | 1 008 394.40 | 0.07 |
| USD	CENTURYLINK INC 7.50000% 16-01.04.24 | 2 300 000.00 | 2 576 000.00 | 0.18 |
| USD	COMMERCIAL METALS CO 3.87500% 21-15.02.31 | 955 000.00 | 943 062.50 | 0.07 |
| USD	COVANTA HOLDING CORP 6.00000% 18-01.01.27 | 1 540 000.00 | 1 607 375.00 | 0.11 |
| USD	COVANTA HOLDING CORP 5.00000% 20-01.09.30 | 1 730 000.00 | 1 781 900.00 | 0.13 |
| USD	CRESTWOOD MIDSTREAM PART LP/FIN 5.75000% 17-01.04.25 | 2 185 000.00 | 2 238 969.50 | 0.16 |
| USD	DANA INC 4.25000% 21-01.09.30 | 1 930 000.00 | 1 990 988.00 | 0.14 |
| USD	DANA INC 5.62500% 20-15.06.28 | 960 000.00 | 1 035 716.16 | 0.07 |
| USD	DANAOS CORP-REG-S 8.50000% 21-01.03.28 | 3 725 000.00 | 4 023 000.00 | 0.28 |
| USD	ENCOMPASS HEALTH CORP 4.50000% 19-01.02.28 | 5 370 000.00 | 5 544 525.00 | 0.39 |
| USD	EPR PROPERTIES 4.50000% 17-01.06.27 | 3 245 000.00 | 3 337 539.32 | 0.24 |
| USD	EQT CORP 3.90000% 17-01.10.27 | 5 150 000.00 | 5 499 685.00 | 0.39 |
| USD	EQT CORP 7.00000% 20-01.02.30 | 4 120 000.00 | 5 356 000.00 | 0.38 |
| USD	EQT MIDSTREAM PARTNERS LP 5.50000% 18-15.07.28 | 1 565 000.00 | 1 670 856.60 | 0.12 |
| USD	FIRSTENERGY CORP 4.85000% 17-15.07.47 | 3 020 000.00 | 3 496 858.00 | 0.25 |
| USD	FORD MOTOR CO 8.50000% 20-21.04.23 | 2 880 000.00 | 3 214 800.00 | 0.23 |
| USD	FORD MOTOR CO 9.00000% 20-22.04.25 | 1 850 000.00 | 2 260 274.50 | 0.16 |
| USD	FORD MOTOR CREDIT CO LLC 5.12500% 20-16.06.25 | 2 000 000.00 | 2 188 750.00 | 0.15 |
| USD	FORD MOTOR CREDIT CO LLC 5.11300% 19-03.05.29 | 4 770 000.00 | 5 230 161.90 | 0.37 |
| USD	FREEPORT-MCMORAN INC 5.40000% 14-14.11.34 | 2 825 000.00 | 3 348 514.88 | 0.24 |
| USD	FREEPORT-MCMORAN INC 4.25000% 20-01.03.30 | 3 475 000.00 | 3 737 015.00 | 0.26 |
| USD	GENESIS ENERGY LP 8.00000% 20-15.01.27 | 4 980 000.00 | 5 116 950.00 | 0.36 |
| USD	HCA INC 3.50000% 20-01.09.30 | 3 635 000.00 | 3 735 689.50 | 0.26 |
| USD	INTERNATIONAL GAME TECHNOLOGY PLC-144A 6.50000% 15-15.02.25 | 1 995 000.00 | 2 210 200.65 | 0.16 |
| USD	INTERNATIONAL GAME TECHNOLOGY PLC-144A 6.25000% 18-15.01.27 | 1 320 000.00 | 1 495 784.40 | 0.11 |
| USD	ISTAR INC 5.50000% 20-15.02.26 | 4 205 000.00 | 4 319 880.60 | 0.31 |
| USD	JAGUAR LAND ROVER AUTOMOTIVE PLC-144A 7.75000% 20-15.10.25 | 2 500 000.00 | 2 708 600.00 | 0.19 |
| USD	JAGUAR LAND ROVER AUTOMOTIVE PLC-114A 5.87500% 20-15.01.28 | 2 600 000.00 | 2 648 880.00 | 0.19 |
| USD	KB HOME 6.87500% 19-15.06.27 | 6 075 000.00 | 7 183 687.50 | 0.51 |
| USD	KRAFT HEINZ FOODS CO 6.87500% 12-26.01.39 | 2 050 000.00 | 2 813 954.76 | 0.20 |
| USD	KRAFT HEINZ FOODS CO 5.00000% 16-15.07.35 | 3 280 000.00 | 3 872 547.48 | 0.27 |
| USD	KRAFT HEINZ FOODS CO 5.20000% 16-15.07.45 | 3 365 000.00 | 3 973 542.58 | 0.28 |
| USD	L BRANDS INC 6.87500% 15-01.11.35 | 2 250 000.00 | 2 711 250.00 | 0.19 |
| USD	LEVEL 3 FINANCING INC 5.25000% 17-15.03.26 | 5 760 000.00 | 5 936 889.60 | 0.42 |
| USD	MGM GROWTH POP LP/C0-ISSUER INC 4.50000% 17-01.09.26 | 4 487 000.00 | 4 745 047.37 | 0.34 |
| USD	MURPHY OIL CORP 6.37500% 21-15.07.28 | 955 000.00 | 1 002 750.00 | 0.07 |
| USD	MURPHY OIL CORP 6.87500% 16-15.08.24 | 2 360 000.00 | 2 416 640.00 | 0.17 |
| USD	NEPTUNE ENERGY BONDCO PLC-144A 6.62500% 18-15.05.25 | 2 650 000.00 | 2 712 328.00 | 0.19 |
| USD	NEWELL BRANDS INC 5.50000% 16-01.04.46 | 2 000 000.00 | 2 535 000.00 | 0.18 |
| USD	NOVA CHEMICALS CORP-144A 4.25000% 21-15.05.29 | 2 415 000.00 | 2 421 580.88 | 0.17 |
| USD	NUSTAR LOGISTICS LP 5.62500% 17-28.04.27 | 3 295 000.00 | 3 480 936.85 | 0.25 |
| USD	OCCIDENTAL PETROLEUM CORP 3.40000% 16-15.04.26 | 1 625 000.00 | 1 584 375.00 | 0.11 |
| USD	OCCIDENTAL PETROLEUM CORP 8.50000% 20-15.07.27 | 5 525 000.00 | 6 708 952.25 | 0.47 |
| USD	OCCIDENTAL PETROLEUM CORP 6.37500% 20-01.09.28 | 4 125 000.00 | 4 587 330.00 | 0.32 |
| USD	OCCIDENTAL PETROLEUM CORP 6.62500% 20-01.09.30 | 1 485 000.00 | 1 701 691.20 | 0.12 |
| USD	OCCIDENTAL PETROLEUM CORP 5.50000% 20-01.12.25 | 240 000.00 | 258 000.00 | 0.02 |
| USD	OCEANEERING INTERNATIONAL INC 4.65000% 14-15.11.24 | 3 400 000.00 | 3 408 500.00 | 0.24 |
| USD	OPEN TEXT CORP-144A 5.87500% 16-01.06.26 | 2 405 000.00 | 2 482 657.45 | 0.18 |
| USD	PAR PHARMACEUTICAL INC-REG-S 7.50000% 19-01.04.27 | 362 000.00 | 369 240.00 | 0.03 |
| USD	PRIMO WATER HOLDINGS INC-144A 4.37500% 21-30.04.29 | 5 310 000.00 | 5 312 362.94 | 0.38 |
| USD	RENEWABLE ENERGY GROUP INC-144A 5.87500% 21-01.06.28 | 3 430 000.00 | 3 568 229.00 | 0.25 |
| USD	ROYAL CARIBBEAN CRUISES LTD 7.50000% 97-15.10.27 | 1 700 000.00 | 1 997 500.00 | 0.14 |
| USD	SERVICE CORP INTERNATIONAL 5.12500% 19-01.06.29 | 4 900 000.00 | 5 303 760.00 | 0.37 |

UBS (Lux) Bond SICAV – USD 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 | SOUTHWESTERN ENERGY CO 7.50000% 17-01.04.26 | 3 410 000.00 | 3 602 665.00 | 0.25 |
| USD | SOUTHWESTERN ENERGY CO 8.37500% 20-15.09.28 | 1 200 000.00 | 1 329 672.00 | 0.09 |
| USD | SPRINGLEAF FINANCE CORP 6.87500% 18-15.03.25 | 2 155 000.00 | 2 435 150.00 | 0.17 |
| USD | SPRINGLEAF FINANCE CORP 7.12500% 18-15.03.26 | 2 470 000.00 | 2 874 462.50 | 0.20 |
| USD | SPRINGLEAF FINANCE CORP 6.12500% 19-15.03.24 | 2 500 000.00 | 2 693 750.00 | 0.19 |
| USD | SPRINGLEAF FINANCE CORP 5.37500% 19-15.11.29 | 925 000.00 | 983 968.75 | 0.07 |
| USD | SPRINGLEAF FINANCE CORP 8.87500% 20-01.06.25 | 1 440 000.00 | 1 585 800.00 | 0.11 |
| USD | SPRINT CORP 7.62500% 15-15.02.25 | 2 345 000.00 | 2 772 657.65 | 0.20 |
| USD | SPRINT CORP 7.62500% 18-01.03.26 | 920 000.00 | 1 117 800.00 | 0.08 |
| USD | SPRINT CORP 7.87500% 14-15.09.23 | 1 200 000.00 | 1 359 732.00 | 0.10 |
| USD | T-MOBILE USA INC 2.87500% 21-15.02.31 | 235 000.00 | 226 619.90 | 0.02 |
| USD | TELECOM ITALIA CAPITAL 6.37500% 04-15.11.33 | 2 095 000.00 | 2 419 725.00 | 0.17 |
| USD | TELECOM ITALIA CAPITAL 7.20000% 06-18.07.36 | 940 000.00 | 1 164 721.10 | 0.08 |
| USD | TENET HEALTHCARE CORP 4.62500% 17-15.07.24 | 1 870 000.00 | 1 896 928.00 | 0.13 |
| USD | TENNECO AUTOMOTIVE INC-144A 5.12500% 21-15.04.29 | 2 730 000.00 | 2 730 000.00 | 0.19 |
| USD | TRANSDIGM INC-SUB 6.37500% 17-15.06.26 | 2 100 000.00 | 2 173 605.00 | 0.15 |
| USD | TREEHOUSE FOODS INC 4.00000% 20-01.09.28 | 495 000.00 | 492 232.95 | 0.04 |
| USD | TRI POINTE GROUP INC 5.25000% 17-01.06.27 | 1 245 000.00 | 1 329 037.50 | 0.09 |
| USD | TRI POINTE GROUP INC 5.70000% 20-15.06.28 | 1 205 000.00 | 1 319 475.00 | 0.09 |
| USD | TRIVIUM PACKAGING FINANCE BV-144A 5.50000% 19-15.08.26 | 200 000.00 | 208 500.00 | 0.01 |
| USD | TRIVIUM PACKAGING FINANCE BV-144A 8.50000% 19-15.08.27 | 200 000.00 | 214 922.00 | 0.02 |
| USD | UNITED AIRLINES INC-144A 4.62500% 21-15.04.29 | 1 200 000.00 | 1 239 774.00 | 0.09 |
| USD | UNITED RENTALS NORTH AMERICA INC 4.87500% 17-15.01.28 | 4 765 000.00 | 5 033 269.50 | 0.36 |
| USD | UNITED RENTALS NORTH AMERICA INC 3.87500% 19-15.11.27 | 2 335 000.00 | 2 454 575.35 | 0.17 |
| USD | UNITED STATES STEEL CORP 6.87500% 21-01.03.29 | 955 000.00 | 1 000 486.65 | 0.07 |
| USD | VIRGIN AUSTRALIA HOLD-REG-S *DEFAULTED* 7.87500% 16-15.10.21 | 2 839 000.00 | 262 607.50 | 0.02 |
| USD | VIRGIN MEDIA VENDOR FINANC-144A 5.00000% 20-15.07.28 | 3 635 000.00 | 3 675 893.75 | 0.26 |
| USD | WESTERN DIGITAL CORP 4.75000% 18-15.02.26 | 4 900 000.00 | 5 449 976.00 | 0.38 |
| USD | WESTERN GAS PARTNERS LP 5.45000% 14-01.04.44 | 1 020 000.00 | 1 054 827.90 | 0.07 |
| USD | WESTERN GAS PARTNERS LP 4.65000% 16-01.07.26 | 2 800 000.00 | 2 985 584.00 | 0.21 |
| USD | WESTERN MIDSTREAM OPERATING LP 3.10000% 20-01.02.25 | 1 880 000.00 | 1 959 900.00 | 0.14 |
| USD | ZIGGO BV-144A 4.87500% 19-15.01.30 | 1 250 000.00 | 1 280 937.50 | 0.09 |
| Total USD |  |  | 271 172 285.13 | 19.14 |
| Total Notes, fester Zins |  | 318 358 237.03 | 22.47 |
| Notes, variabler Zins |  |  |  |
| USD |  |  |  |
| USD	CREDIT AGRICOLE SA-144A-SUB 8.125%/VAR 16-PRP | 2 025 000.00 | 2 454 012.45 | 0.17 |
| Total USD |  | 2 454 012.45 | 0.17 |
| Total Notes, variabler Zins |  | 2 454 012.45 | 0.17 |
| Anleihen, fester Zins |  |  |  |
| EUR |  |  |  |
| EUR	LHMC FINCO 2 SARL-REG-S (PIK) 7.25000% 19-02.10.25 | 3 050 000.00 | 3 579 919.20 | 0.25 |
| EUR	NETFLIX INC 4.62500% 18-15.05.29 | 1 600 000.00 | 2 438 844.42 | 0.17 |
| EUR	PINNACLE BIDCO PLC-REG-S 5.50000% 20-15.02.25 | 3 275 000.00 | 4 059 236.21 | 0.29 |
| EUR	PRIMO WATER HOLDINGS INC-REG-S 3.87500% 20-31.10.28 | 2 515 000.00 | 3 135 541.55 | 0.22 |
| EUR	REKEEP SPA-REG-S 7.25000% 21-01.02.26 | 892 000.00 | 1 173 620.56 | 0.09 |
| EUR	VERTICAL MIDCO GMBH-REG-S 4.37500% 20-15.07.27 | 3 890 000.00 | 4 981 643.17 | 0.35 |
| Total EUR |  | 19 368 805.11 | 1.37 |
| USD |  |  |  |
| USD	CHEMOURS CO/THE 5.37500% 17-15.05.27 | 1 395 000.00 | 1 499 904.00 | 0.10 |
| USD	FORD MOTOR CO 7.45000% 99-16.07.31 | 3 860 000.00 | 4 873 250.00 | 0.34 |
| USD	HCA INC 5.37500% 15-01.02.25 | 865 000.00 | 967 718.75 | 0.07 |
| USD	INEOS QUATTRO FINANCE 2 PLC-144A 3.37500% 21-15.01.26 | 2 935 000.00 | 2 931 206.51 | 0.21 |
| USD	SPRINT CAPITAL CORPORATION 6.87500% 98-15.11.28 | 2 920 000.00 | 3 653 095.20 | 0.26 |
| Total USD |  | 13 925 174.46 | 0.98 |
| Total Anleihen, fester Zins |  | 33 293 979.57 | 2.35 |
| Anleihen, variabler Zins |  |  |  |
| EUR |  |  |  |
| EUR	GOLDEN GOOSE SPA-REG-S 3M EURIBOR+487.5BP 21-14.05.27 | 3 575 000.00 | 4 316 336.58 | 0.30 |
| Total EUR |  | 4 316 336.58 | 0.30 |
| USD |  |  |  |
| USD	BANK OF AMERICA CORP-SUB 6.500%/VAR 14-PRP | 2 250 000.00 | 2 548 125.00 | 0.18 |
| USD	CITIGROUP INC-SUB 5.950%/3M LIBOR+406.8BP 12-PRP | 2 795 000.00 | 2 940 675.40 | 0.21 |
| USD	JPMORGAN CHASE & CO-SUB 6.000%/3M LIBOR+330BP 13-PRP | 1 950 000.00 | 2 063 520.63 | 0.15 |
| USD	JPMORGAN CHASE & CO-SUB 6.100%/VAR 14-PRP | 1 050 000.00 | 1 139 250.00 | 0.08 |
| Total USD |  | 8 691 571.03 | 0.62 |
| Total Anleihen, variabler Zins | 13 007 907.61 | 0.92 |
| Total Wertpapiere und Geldmarktinstrumente, die an einer offiziellen Börse gehandelt werden | 367 114 136.66 | 25.91 |
| Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  |  |
| Mortgage Backed Securities, fester Zins |  |  |
| USD |  |  |
| USD	PALISADES CENTER TRUST-144A-SUB 4.73700% 16-09.04.33	2 700 000.00 | 1 255 500.00 | 0.09 |
| Total USD | 1 255 500.00 | 0.09 |
| Total Mortgage Backed Securities, fester Zins | 1 255 500.00 | 0.09 |

UBS (Lux) Bond SICAV – USD 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) |  |

Notes, fester Zins
| USD |  |
| --- | --- |
| USD | 1011778 BC ULC/NEW RED FINANCE INC-144A 5.75000% 20-15.04.25 | 480 000.00 | 507 000.00 | 0.04 |
| USD | 1011778 BC ULC/NEW RED FINANCE INC-144A 4.00000% 20-15.10.30 | 955 000.00 | 925 156.25 | 0.07 |
| USD | ACADIA HEALTHCARE CO INC-144A 5.00000% 20-15.04.29 | 3 480 000.00 | 3 610 500.00 | 0.25 |
| USD | AFFINITY GAMING-144A 6.87500% 20-15.12.27 | 4 130 000.00 | 4 386 844.70 | 0.31 |
| USD | AHEAD DB HOLDINGS LLC-144A 6.62500% 21-01.05.28 | 2 410 000.00 | 2 440 125.00 | 0.17 |
| USD | ALBERTSONS COS INC / SAFEWAY INC-144A 5.87500% 19-15.02.28 | 920 000.00 | 977 500.00 | 0.07 |
| USD | ALBERTSONS COS LLC / SAFEWAY INC-144A 7.50000% 19-15.03.26 | 1 470 000.00 | 1 620 072.30 | 0.11 |
| USD | ALBERTSONS COS LLC / SAFEWAY INC-144A 4.87500% 20-15.02.30 | 1 910 000.00 | 1 990 602.00 | 0.14 |
| USD | ALCOA NEDERLAND HOLDING BV-144A 4.12500% 21-31.03.29 | 5 995 000.00 | 6 129 887.50 | 0.43 |
| USD | ALLIED UNIVERSAL HOLDCO LLC-144A 9.75000% 19-15.07.27 | 2 500 000.00 | 2 756 250.00 | 0.19 |
| USD | ALLISON TRANSMISSION INC-144A 5.87500% 19-01.06.29 | 3 950 000.00 | 4 285 750.00 | 0.30 |
| USD | AMERICAN AIRLINES GROUP INC-144A 5.00000% 19-01.06.22 | 5 275 000.00 | 5 261 812.50 | 0.37 |
| USD | AMERICAN AIRLINES INC-144A 5.50000% 21-20.04.26 | 4 520 000.00 | 4 757 300.00 | 0.34 |
| USD | AMERICAN BUILDER & CONTRACT SUPPLY-144A 4.00000% 19-15.01.28 | 1 700 000.00 | 1 736 890.00 | 0.12 |
| USD | AMSTED INDUSTRIES INC-144A 5.62500% 19-01.07.27 | 2 085 000.00 | 2 192 139.18 | 0.15 |
| USD | AMSTED INDUSTRIES INC-144A 4.62500% 19-15.05.30 | 1 400 000.00 | 1 410 500.00 | 0.10 |
| USD | ANGI GROUP LLC-144A 3.87500% 20-15.08.28 | 990 000.00 | 972 675.00 | 0.07 |
| USD | ARCHROCK PARTNERS LP/FIN CORP-144A 6.87500% 19-01.04.27 | 3 225 000.00 | 3 418 499.99 | 0.24 |
| USD | ARCHROCK PARTNERS LP/FIN CORP-144A 6.25000% 19-01.04.28 | 970 000.00 | 1 006 763.00 | 0.07 |
| USD | ARCONIC CORP-144A 6.00000% 20-15.05.25 | 755 000.00 | 806 196.55 | 0.06 |
| USD | ARCONIC ROLLED PRODUCTS CORP-144A 6.12500% 20-15.02.28 | 1 260 000.00 | 1 341 106.20 | 0.09 |
| USD | ASBURY AUTOMOTIVE GROUP INC 4.50000% 20-01.03.28 | 1 016 000.00 | 1 046 967.68 | 0.07 |
| USD | ASBURY AUTOMOTIVE GROUP INC 4.75000% 20-01.03.30 | 1 496 000.00 | 1 563 320.00 | 0.11 |
| USD | ASCENT RESOURCES UTICA HOLDINGS-144A 7.00000% 18-01.11.26 | 3 220 000.00 | 3 308 550.00 | 0.23 |
| USD | ASGN INC-144A 4.62500% 19-15.05.28 | 4 365 000.00 | 4 539 600.00 | 0.32 |
| USD | AVANTOR FUNDING INC-144A 4.62500% 20-15.07.28 | 4 360 000.00 | 4 537 931.60 | 0.32 |
| USD | AVIS BUDGET CAR RENT LLC/FIN INC-144A 5.75000% 19-15.07.27 | 4 105 000.00 | 4 325 643.75 | 0.31 |
| USD | AXALTA COATING SYSTEMS LLC-144A 3.37500% 20-15.02.29 | 3 840 000.00 | 3 705 600.00 | 0.26 |
| USD | BAUSCH HEALTH COS INC-144A 5.00000% 19-30.01.28 | 2 560 000.00 | 2 400 000.00 | 0.17 |
| USD | BEACON ROOFING SUPPLY INC-144A 4.50000% 19-15.11.26 | 1 415 000.00 | 1 476 906.25 | 0.10 |
| USD | BEACON ROOFING SUPPLY INC-144A 4.12500% 21-15.05.29 | 2 900 000.00 | 2 860 125.00 | 0.20 |
| USD | BIG RIVER STEEL LLC/BRS FIN CORP-144A 6.62500% 20-31.01.29 | 1 250 000.00 | 1 353 125.00 | 0.10 |
| USD | BLUE RACER MIDSTREAM LLC-144A 7.62500% 20-15.12.25 | 5 960 000.00 | 6 444 250.00 | 0.46 |
| USD | BOMBARDIER INC-144A 7.50000% 17-01.12.24 | 3 095 000.00 | 3 173 024.95 | 0.22 |
| USD | BOOZ ALLEN HAMILTON INC-144A 3.87500% 20-01.09.28 | 990 000.00 | 990 660.82 | 0.07 |
| USD | BOYD GAMING CORP 4.75000% 20-01.12.27 | 3 915 000.00 | 4 002 656.85 | 0.28 |
| USD | BOYD GAMING CORP-144A 4.75000% 21-15.06.31 | 3 525 000.00 | 3 561 307.50 | 0.25 |
| USD | BROOKFIELD RESIDENTIAL PRO/US CORP-144A 6.25000% 19-15.09.27 | 650 000.00 | 683 507.50 | 0.05 |
| USD | BROOKFIELD RESIDENTIAL PRO/US CORP-144A 4.87500% 20-15.02.30 | 2 200 000.00 | 2 161 500.00 | 0.15 |
| USD | BUCKEYE PARTNERS LP-144A 4.50000% 20-01.03.28 | 2 360 000.00 | 2 360 000.00 | 0.17 |
| USD | BUILDERS FIRSTSOURCE INC-144A 6.75000% 19-01.06.27 | 420 000.00 | 449 400.00 | 0.03 |
| USD | BUILDERS FIRSTSOURCE INC-144A 5.00000% 20-01.03.30 | 2 175 000.00 | 2 264 958.00 | 0.16 |
| USD | CABLE ONE INC-144A 4.00000% 20-15.11.30 | 2 880 000.00 | 2 844 000.00 | 0.20 |
| USD | CAESARS ENTERTAINMENT INC-144A 6.25000% 20-01.07.25 | 7 585 000.00 | 7 993 983.20 | 0.56 |
| USD | CAESARS ENTERTAINMENT INC-144A 8.12500% 20-01.07.27 | 6 945 000.00 | 7 708 463.85 | 0.54 |
| USD | CALPINE CORP-144A 5.12500% 19-15.03.28 | 2 660 000.00 | 2 679 950.00 | 0.19 |
| USD | CARNIVAL CORP-144A 11.50000% 20-01.04.23 | 4 525 000.00 | 5 175 468.75 | 0.37 |
| USD | CARNIVAL CORP-144A 5.75000% 21-01.03.27 | 4 210 000.00 | 4 473 125.00 | 0.32 |
| USD | CARRIAGE SERVICES INC-144A 4.25000% 21-15.05.29 | 1 930 000.00 | 1 927 587.50 | 0.14 |
| USD | CCO HOLDINGS LLC-144A 4.25000% 20-01.02.31 | 1 950 000.00 | 1 946 100.00 | 0.14 |
| USD | CCO HOLDINGS LLC/CAPITAL CORP-144A 5.50000% 16-01.05.26 | 2 000 000.00 | 2 067 400.00 | 0.15 |
| USD | CCO HOLDINGS LLC/CAPITAL CORP-144A 5.37500% 19-01.06.29 | 6 790 000.00 | 7 375 637.50 | 0.52 |
| USD | CCO HOLDINGS LLC/CAPITAL CORP-144A 4.75000% 19-01.03.30 | 7 115 000.00 | 7 379 055.43 | 0.52 |
| USD | CCO HOLDINGS LLC/CAPITAL CORP-144A 4.50000% 20-15.08.30 | 480 000.00 | 489 134.40 | 0.03 |
| USD | CDW LLC/CDW FINANCE CORP 3.25000% 20-15.02.29 | 1 980 000.00 | 2 010 690.00 | 0.14 |
| USD | CENTENE CORP 3.37500% 20-15.02.30 | 3 210 000.00 | 3 242 100.00 | 0.23 |
| USD | CENTENE CORP 4.62500% 20-15.12.29 | 8 055 000.00 | 8 694 808.65 | 0.61 |
| USD | CHENIERE ENERGY INC-144A 4.62500% 20-15.10.28 | 3 050 000.00 | 3 202 500.00 | 0.23 |
| USD | CHENIERE ENERGY PARTNERS LP 4.50000% 20-01.10.29 | 4 700 000.00 | 4 970 250.00 | 0.35 |
| USD | CHOBANI LLC/FINANCE CORP-144A 7.50000% 17-15.04.25 | 3 230 000.00 | 3 360 879.60 | 0.24 |
| USD | CHOBANI LLC/FINANCE CORP-144A 4.62500% 20-15.11.28 | 955 000.00 | 984 505.01 | 0.07 |
| USD | CHS/COMMUNITY HEALTH SYSTEMS INC-144A 8.00000% 19-15.03.26 | 4 835 000.00 | 5 175 238.95 | 0.37 |
| USD | CLARIOS GLOBAL LP-144A 6.75000% 20-15.05.25 | 480 000.00 | 514 200.00 | 0.04 |
| USD | CLEAN HARBORS INC-144A 4.87500% 19-15.07.27 | 2 120 000.00 | 2 228 650.00 | 0.16 |
| USD | CLEAN HARBORS INC-144A 5.12500% 19-15.07.29 | 2 075 000.00 | 2 247 640.00 | 0.16 |
| USD | CLEARWAY ENERGY OPERATING LLC-144A 4.75000% 19-15.03.28 | 2 455 000.00 | 2 537 856.25 | 0.18 |
| USD | CLEVELAND-CLIFFS INC 5.87500% 20-01.06.27 | 645 000.00 | 675 624.60 | 0.05 |
| USD | CLEVELAND-CLIFFS INC-144A 4.62500% 21-01.03.29 | 955 000.00 | 983 057.90 | 0.07 |
| USD | COMMSCOPE INC-144A 8.25000% 19-01.03.27 | 2 425 000.00 | 2 588 687.50 | 0.18 |
| USD | CONNECT FINCO SARL / US FINCO LLC-144A 6.75000% 19-01.10.26 | 3 425 000.00 | 3 540 593.75 | 0.25 |
| USD | CONSTELLIUM SE-144A 3.75000% 21-15.04.29 | 1 000 000.00 | 971 250.00 | 0.07 |
| USD | CSC HOLDINGS INC-144A 5.37500% 18-01.02.28 | 1 300 000.00 | 1 366 625.00 | 0.10 |
| USD | CSC HOLDINGS INC-144A 4.62500% 20-01.12.30 | 500 000.00 | 484 450.00 | 0.03 |
| USD | CSC HOLDINGS LLC-144A 7.50000% 18-01.04.28 | 1 325 000.00 | 1 450 875.00 | 0.10 |
| USD | CSC HOLDINGS LLC-144A 6.50000% 19-01.02.29 | 3 000 000.00 | 3 281 880.00 | 0.23 |
| USD | CSC HOLDINGS LLC-144A 5.00000% 21-15.11.31 | 3 800 000.00 | 3 769 638.00 | 0.27 |
| USD | CSN RESOURCES SA-144A 7.62500% 18-13.02.23 | 2 500 000.00 | 2 595 781.25 | 0.18 |
| USD | DANA FINANCING LUXEMBOURG SARL-144A 5.75000% 17-15.04.25 | 2 515 000.00 | 2 587 306.25 | 0.18 |
| USD | DAVITA INC-144A 4.62500% 20-01.06.30 | 3 595 000.00 | 3 666 504.55 | 0.26 |
| USD | DCP MIDSTREAM OPERATING LP-144A 6.75000% 07-15.09.37 | 1 550 000.00 | 1 817 375.00 | 0.13 |
| USD | DCP MIDSTREAM OPERATING LP 5.62500% 20-15.07.27 | 2 455 000.00 | 2 700 500.00 | 0.19 |
| USD | DELTA AIR LINES INC-144A 7.00000% 20-01.05.25 | 2 735 000.00 | 3 180 337.50 | 0.22 |
| USD | DKT FINANCE APS-144A 9.37500% 18-17.06.23 | 2 100 000.00 | 2 152 206.00 | 0.15 |
| USD | DYCOM INDUSTRIES INC-144A 4.50000% 21-15.04.29 | 3 860 000.00 | 3 840 700.00 | 0.27 |
| USD | ENDEAVOR ENERGY RESOURCES LP/FIN-144A 6.62500% 20-15.07.25 | 3 140 000.00 | 3 328 871.00 | 0.24 |
| USD | ENERGIZER HOLDINGS INC-144A 4.75000% 20-15.06.28 | 2 395 000.00 | 2 431 068.70 | 0.17 |
| USD | ENTERCOM MEDIA CORP-144A 6.75000% 21-31.03.29 | 1 910 000.00 | 1 941 037.50 | 0.14 |
| USD | EPR PROPERTIES 4.50000% 15-01.04.25 | 3 245 000.00 | 3 420 645.81 | 0.24 |
| USD | EQM MIDSTREAM PARTNERS LP-144A 6.50000% 20-01.07.27 | 1 680 000.00 | 1 846 572.00 | 0.13 |
| USD | EQT CORP-144A 3.62500% 21-15.05.31 | 3 380 000.00 | 3 481 180.30 | 0.25 |

UBS (Lux) Bond SICAV – USD 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 | FIRSTCASH INC-144A 4.62500% 20-01.09.28 | 2 475 000.00 | 2 561 625.00 | 0.18 |
| USD | FMG RESOURCES AUGUST 2006 PTY LTD-144A 4.50000% 19-15.09.27 | 1 255 000.00 | 1 362 716.65 | 0.10 |
| USD | FRONTIER COMMUNICATIONS CORPORATIO-144A 5.87500% 20-15.10.27 | 3 950 000.00 | 4 196 875.00 | 0.30 |
| USD | GARDA WORLD SECURITY CORP-144A 9.50000% 19-01.11.27 | 4 630 000.00 | 5 104 575.00 | 0.36 |
| USD | GARDA WORLD SECURITY CORP-144A 4.62500% 20-15.02.27 | 3 445 000.00 | 3 436 387.50 | 0.24 |
| USD | GARDA WORLD SECURITY CORP-144A 6.00000% 21-01.06.29 | 1 930 000.00 | 1 912 996.70 | 0.14 |
| USD | GARTNER INC-144A 3.75000% 20-01.10.30 | 960 000.00 | 963 648.00 | 0.07 |
| USD | GARTNER INC-144A 4.50000% 20-01.07.28 | 1 705 000.00 | 1 794 512.50 | 0.13 |
| USD | GFL ENVIRONMENTAL INC-144A 8.50000% 19-01.05.27 | 1 480 000.00 | 1 620 600.00 | 0.11 |
| USD | GFL ENVIRONMENTAL INC-144A 5.12500% 19-15.12.26 | 2 365 000.00 | 2 489 162.50 | 0.18 |
| USD | GFL ENVIRONMENTAL INC-144A 3.7500% 20-01.08.25 | 990 000.00 | 1 013 512.50 | 0.07 |
| USD | GRAPHIC PACKAGING INTERNATIONAL-144A 4.75000% 19-15.07.27 | 985 000.00 | 1 060 106.25 | 0.07 |
| USD | GRAPHIC PACKAGING INTERNATIONL INC-144A 3.50000% 20-15.03.28 | 1 430 000.00 | 1 422 892.90 | 0.10 |
| USD | GREAT LAKES DREDGE & DOCK CORP-144A 5.25000% 21-01.06.29 | 4 255 000.00 | 4 334 781.25 | 0.31 |
| USD | GREIF INC-144A 6.50000% 19-01.03.27 | 985 000.00 | 1 034 250.00 | 0.07 |
| USD | GYP HOLDINGS III CORP-144A 4.62500% 21-01.05.29 | 3 375 000.00 | 3 396 093.75 | 0.24 |
| USD | HANESBRANDS INC-144A 5.37500% 20-15.05.25 | 2 400 000.00 | 2 532 216.00 | 0.18 |
| USD | HARSCO CORP-144A 5.75000% 19-31.07.27 | 2 140 000.00 | 2 241 650.00 | 0.16 |
| USD | HERBALIFE NTRTON LTD/HLF FING INC-144A 7.87500% 20-01.09.25 | 2 495 000.00 | 2 713 212.70 | 0.19 |
| USD | HERC HOLDINGS INC-144A 5.50000% 19-15.07.27 | 5 750 000.00 | 6 059 062.50 | 0.43 |
| USD | HESS MIDSTREAM PARTNERS LP-144A 5.62500% 19-15.02.26 | 6 135 000.00 | 6 359 909.10 | 0.45 |
| USD | HESS MIDSTREAM PARTNERS LP-144A 5.12500% 19-15.06.28 | 3 385 000.00 | 3 551 542.00 | 0.25 |
| USD | HILCORP ENERGY I LP/FINANCE CO-144A 5.75000% 21-01.02.29 | 7 815 000.00 | 8 023 269.75 | 0.57 |
| USD | HILL-ROM HOLDINGS INC-144A 4.37500% 19-15.09.27 | 925 000.00 | 958 475.75 | 0.07 |
| USD | HILTON GRAND VACATIONS BORROWER-144A 5.00000% 21-01.06.29 | 1 930 000.00 | 1 949 300.00 | 0.14 |
| USD | HOLLY ENERGY PARTNERS LP FIN CORP-144A 5.00000% 20-01.02.28 | 2 445 000.00 | 2 506 125.00 | 0.18 |
| USD | HOLOGIC INC-144A 4.62500% 18-01.02.28 | 900 000.00 | 935 577.00 | 0.07 |
| USD | HOSPITALITY PROPERTIES TRUST 5.50000% 20-15.12.27 | 1 880 000.00 | 1 934 828.44 | 0.14 |
| USD | HUB INTERNATIONAL LTD-144A 7.00000% 18-01.05.26 | 4 550 000.00 | 4 722 900.00 | 0.33 |
| USD | HUDBAY MINERALS INC-144A 4.50000% 21-01.04.26 | 1 980 000.00 | 1 952 775.00 | 0.14 |
| USD | IAA SPINCO INC-144A 5.50000% 19-15.06.27 | 4 355 000.00 | 4 576 974.35 | 0.32 |
| USD | IRON MOUNTAIN INC-144A 4.87500% 17-15.09.27 | 2 160 000.00 | 2 238 624.00 | 0.16 |
| USD | IRON MOUNTAIN INC-144A 5.25000% 17-15.03.28 | 1 305 000.00 | 1 363 986.00 | 0.10 |
| USD | JACOBS ENTERTAINMENT INC-144A 7.87500% 17-01.02.24 | 4 905 000.00 | 5 119 593.75 | 0.36 |
| USD | JELD-WEN INC-144A 4.62500% 17-15.12.25 | 1 250 000.00 | 1 271 875.00 | 0.09 |
| USD | KAISER ALUMINUM CORP-144A 4.62500% 19-01.03.28 | 1 970 000.00 | 2 012 552.00 | 0.14 |
| USD | KRAFT HEINZ FOODS CO 4.25000% 21-01.03.31 | 4 800 000.00 | 5 337 345.89 | 0.38 |
| USD | LADDER CAPITAL FIN HLDG LLLP/CORP-144A 5.25000% 17-15.03.22 | 1 330 000.00 | 1 341 637.50 | 0.09 |
| USD | LADDER CAPITAL FIN HLDG LLLP/CORP-144A 5.25000% 17-01.10.25 | 1 630 000.00 | 1 658 525.00 | 0.12 |
| USD | LAMB WESTON HOLDINGS INC-144A 4.87500% 20-15.05.28 | 480 000.00 | 527 400.00 | 0.04 |
| USD | LCPR SENIOR SECURED FINANCING DAC-144A 6.75000% 19-15.10.27 | 4 800 000.00 | 5 154 720.00 | 0.36 |
| USD | LCPR SENIOR SECURED FINANCING DAC-144A 5.12500% 21-15.07.29 | 3 350 000.00 | 3 437 368.00 | 0.24 |
| USD | LIFEPOINT HEALTH INC-144A 4.37500% 20-15.02.27 | 7 480 000.00 | 7 451 950.00 | 0.53 |
| USD | LITHIA MOTORS INC-144A 4.62500% 19-15.12.27 | 1 385 000.00 | 1 458 889.75 | 0.10 |
| USD | MACY’S INC-144A 8.37500% 20-15.06.25 | 480 000.00 | 530 400.00 | 0.04 |
| USD | MASTEC INC-144A 4.50000% 20-15.08.28 | 1 290 000.00 | 1 346 437.50 | 0.10 |
| USD | MATTAMY GROUP CORP-144A 5.25000% 19-15.12.27 | 1 275 000.00 | 1 329 187.50 | 0.09 |
| USD | MATTAMY GROUP CORP-144A 4.62500% 20-01.03.30 | 2 515 000.00 | 2 508 712.50 | 0.18 |
| USD | MEDNAX INC-144A 6.25000% 18-15.01.27 | 1 630 000.00 | 1 725 475.62 | 0.12 |
| USD | MEG ENERGY CORP-144A 7.12500% 20-01.02.27 | 6 395 000.00 | 6 858 637.50 | 0.48 |
| USD | MERITOR INC-144A 6.25000% 20-01.06.25 | 3 905 000.00 | 4 144 181.25 | 0.29 |
| USD | MIDCAP FINANCIAL ISSUER TRUST-144A 6.50000% 21-01.05.28 | 3 000 000.00 | 3 138 105.00 | 0.22 |
| USD | MILEAGE PLUS HOLDINGS LLC-144A 6.50000% 20-20.06.27 | 2 880 000.00 | 3 161 664.00 | 0.22 |
| USD | MOLINA HEALTHCARE INC-144A 3.87500% 20-15.11.30 | 955 000.00 | 972 906.25 | 0.07 |
| USD | MSCI INC-144A 4.00000% 19-15.11.29 | 1 400 000.00 | 1 452 038.00 | 0.10 |
| USD | MSCI INC-144A 5.37500% 18-15.05.27 | 835 000.00 | 889 467.05 | 0.06 |
| USD | MUELLER WATER PRODUCTS INC-144A 5.50000% 18-15.06.26 | 3 475 000.00 | 3 574 037.50 | 0.25 |
| USD | NATIONSTAR MORTGAGE HOLDINGS INC-144A 6.00000% 20-15.01.27 | 2 480 000.00 | 2 557 500.00 | 0.18 |
| USD | NAVISTAR INTERNATIONAL CORP-144A 6.62500% 17-01.11.25 | 3 190 000.00 | 3 298 779.00 | 0.23 |
| USD | NETFLIX INC-144A 5.37500% 19-15.11.29 | 475 000.00 | 561 668.50 | 0.04 |
| USD | NEW ENTERPRISE STONE&LIME CO INC-144A 6.25000% 18-15.03.26 | 3 875 000.00 | 3 991 250.00 | 0.28 |
| USD | NEW ENTERPRISE STONE&LIME CO INC-144A 9.75000% 20-15.07.28 | 3 250 000.00 | 3 607 500.00 | 0.25 |
| USD | NEXSTAR BROADCASTING INC-144A 4.75000% 20-01.11.28 | 955 000.00 | 972 906.25 | 0.07 |
| USD | NEXSTAR BROADCASTING INC-144A 5.62500% 19-15.07.27 | 3 050 000.00 | 3 225 375.00 | 0.23 |
| USD | NIELSEN FINANCE LLC/NIELSEN-144A 5.62500% 20-01.10.28 | 2 480 000.00 | 2 622 600.00 | 0.19 |
| USD | NOVA CHEMICALS CORP-144A 5.25000% 17-01.06.27 | 7 045 000.00 | 7 538 150.00 | 0.53 |
| USD | NOVELIS CORP-144A 4.75000% 20-30.01.30 | 665 000.00 | 698 250.00 | 0.05 |
| USD | NOVELIS CORP-144A 5.87500% 16-30.09.26 | 2 875 000.00 | 2 998 050.00 | 0.21 |
| USD | NRG ENERGY INC-144A 5.25000% 19-15.06.29 | 1 000 000.00 | 1 050 000.00 | 0.07 |
| USD | OCCIDENTAL PETROLEUM CORP 5.55000% 19-15.03.26 | 7 700 000.00 | 8 219 750.00 | 0.58 |
| USD | OCCIDENTAL PETROLEUM CORP 6.45000% 19-15.09.36 | 3 050 000.00 | 3 435 581.00 | 0.24 |
| USD | ORTHO-CLINICAL DIAGNOSTICS INC/SA-144A 7.25000% 20-01.02.28 | 1 210 000.00 | 1 315 875.00 | 0.09 |
| USD | OWENS-BROCKWAY GLASS CONTAINER INC-144A 6.62500% 20-13.05.27 | 2 500 000.00 | 2 715 625.00 | 0.19 |
| USD | OWENS-BROCKWAY GLASS CONTAINER INC-144A 5.37500% 14-15.01.25 | 2 300 000.00 | 2 449 500.00 | 0.17 |
| USD | PANTHER BF AGGR 2/PANTHER FIN CO-144A 6.25000% 19-15.05.26 | 670 000.00 | 715 359.00 | 0.05 |
| USD | PANTHER BF AGGR 2/PANTHER FIN CO-144A 8.50000% 19-15.05.27 | 2 675 000.00 | 2 909 062.50 | 0.21 |
| USD | PAR PHARMACEUTICAL INC-144A 7.50000% 19-01.04.27 | 1 675 000.00 | 1 708 500.00 | 0.12 |
| USD | PARK INTERMEDIATE HOLDINGS/PK DOME-144A 5.87500% 20-01.10.28 | 955 000.00 | 1 019 462.50 | 0.07 |
| USD | PATRICK INDUSTRIES INC-144A 7.50000% 19-15.10.27 | 3 555 000.00 | 3 852 731.25 | 0.27 |
| USD | PERFORMANCE FOOD GROUP INC-144A 5.50000% 19-15.10.27 | 925 000.00 | 964 941.50 | 0.07 |
| USD | PERFORMANCE FOOD GROUP INC-144A 6.87500% 20-01.05.25 | 2 465 000.00 | 2 628 306.25 | 0.19 |
| USD | PICASSO FINANCE SUB INC -144A 6.12500% 20-15.06.25 | 2 479 000.00 | 2 615 345.00 | 0.18 |
| USD | POST HOLDINGS INC-144A 5.50000% 19-15.12.29 | 230 000.00 | 245 657.25 | 0.02 |
| USD | POST HOLDINGS INC-144A 4.62500% 20-15.04.30 | 4 400 000.00 | 4 425 124.00 | 0.31 |
| USD | PRIME SEC SER BORROWER LLC/FIN INC-144A 3.37500% 20-31.08.27 | 245 000.00 | 235 138.75 | 0.02 |
| USD | QVC INC 4.85000% 14-01.04.24 | 2 200 000.00 | 2 387 000.00 | 0.17 |
| USD | RADIATE HOLDCO LLC/FINANCE INC-144A 4.50000% 20-15.09.26 | 955 000.00 | 964 550.00 | 0.07 |
| USD | RADIATE HOLDCO LLC/FINANCE INC-144A 6.50000% 20-15.09.28 | 4 260 000.00 | 4 377 150.00 | 0.31 |
| USD | RENT-A-CENTER INC/TX-144A 6.37500% 21-15.02.29 | 3 390 000.00 | 3 627 300.00 | 0.26 |
| USD | RITE AID CORP-144A 7.50000% 20-01.07.25 | 2 550 000.00 | 2 645 625.00 | 0.19 |
| USD | SCIENTIFIC GAMES INTERNATIONAL-144A 8.25000% 19-15.03.26 | 3 435 000.00 | 3 692 144.10 | 0.26 |
| USD | SCIENTIFIC GAMES INTERNATIONAL INC-144A 7.00000% 19-15.05.28 | 2 485 000.00 | 2 686 906.25 | 0.19 |

UBS (Lux) Bond SICAV – USD 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 | SCIENTIFIC GAMES INTERNATIONAL INC-144A 8.62500% 20-01.07.25 | 4 660 000.00 | 5 081 264.00 | 0.36 |
| USD | SCRIPPS ESCROW INC-144A 5.87500% 19-15.07.27 | 2 520 000.00 | 2 601 900.00 | 0.18 |
| USD | SELECT MEDICAL CORP-144A 6.25000% 19-15.08.26 | 2 440 000.00 | 2 572 687.20 | 0.18 |
| USD | SENSATA TECHNOLOGIES BV-144A 4.00000% 21-15.04.29 | 955 000.00 | 956 719.00 | 0.07 |
| USD | SHEA HOMES LP/FNDG CORP-144A 4.75000% 20-15.02.28 | 3 270 000.00 | 3 278 175.00 | 0.23 |
| USD | SILGAN HOLDINGS INC 4.12500% 20-01.02.28 | 3 285 000.00 | 3 397 675.50 | 0.24 |
| USD | SIRIUS XM RADIO INC-144A 5.37500% 16-15.07.26 | 4 060 000.00 | 4 187 402.80 | 0.30 |
| USD | SIRIUS XM RADIO INC-144A 5.50000% 19-01.07.29 | 2 720 000.00 | 2 944 400.00 | 0.21 |
| USD | SIRIUS XM RADIO INC-144A 4.12500% 20-01.07.30 | 980 000.00 | 982 450.00 | 0.07 |
| USD | SPEEDWAY MOTO/ SPEEDWAY FUNDING II-144A 4.87500% 19-01.11.27 | 2 765 000.00 | 2 751 175.00 | 0.19 |
| USD | SPIRIT AEROSYSTEMS INC-144A 7.50000% 20-15.04.25 | 3 340 000.00 | 3 573 800.00 | 0.25 |
| USD | SPX FLOW INC-144A 5.87500% 16-15.08.26 | 2 825 000.00 | 2 923 875.00 | 0.21 |
| USD | SUMMIT MATERIALS LLC/FIN-144A 6.50000% 19-15.03.27 | 3 500 000.00 | 3 692 500.00 | 0.26 |
| USD | SUMMIT MATERIALS LLC/FIN CORP-144A 5.25000% 20-15.01.29 | 93 000.00 | 98 115.00 | 0.01 |
| USD | SUNOCO LP/FINANCE CORP-144A 4.50000% 20-15.05.29 | 935 000.00 | 928 959.90 | 0.07 |
| USD | TALEN ENERGY SUPPLY LLC-144A 10.50000% 17-15.01.26 | 1 445 000.00 | 1 314 950.00 | 0.09 |
| USD | TARGA RESOURCES PARTNERS-144A 4.87500% 20-01.02.31 | 3 875 000.00 | 4 049 375.00 | 0.29 |
| USD | TENET HEALTHCARE CORP-144A 4.87500% 19-01.01.26 | 2 890 000.00 | 2 983 925.00 | 0.21 |
| USD | TENET HEALTHCARE CORP-144A 5.12500% 19-01.11.27 | 1 800 000.00 | 1 878 786.00 | 0.13 |
| USD | TENET HEALTHCARE CORP-144A 4.62500% 20-15.06.28 | 3 365 000.00 | 3 432 300.00 | 0.24 |
| USD | TEREX CORP-144A 5.00000% 21-15.05.29 | 2 145 000.00 | 2 230 800.00 | 0.16 |
| USD | TERRAFORM POWER OPERATING LLC-144A 4.75000% 19-15.01.30 | 2 505 000.00 | 2 560 811.40 | 0.18 |
| USD | TOPBUILD CORP-144A 3.62500% 21-15.03.29 | 1 435 000.00 | 1 413 475.00 | 0.10 |
| USD | TOWNSQUARE MEDIA INC-144A 6.87500% 21-01.02.26 | 960 000.00 | 1 014 000.00 | 0.07 |
| USD | TRANSDIGM INC-144A 6.25000% 19-15.03.26 | 2 095 000.00 | 2 208 297.60 | 0.16 |
| USD | TRIDENT MERGER SUB INC-144A 6.62500% 17-01.11.25 | 2 615 000.00 | 2 667 300.00 | 0.19 |
| USD | TRONOX INC-144A 4.62500% 21-15.03.29 | 6 005 000.00 | 6 150 921.50 | 0.43 |
| USD | UNITED AIRLINES INC-144A 4.37500% 21-15.04.28 | 320 000.00 | 331 600.00 | 0.02 |
| USD | US CONCRETE INC-144A 5.12500% 20-01.03.29 | 5 050 000.00 | 5 163 625.00 | 0.36 |
| USD | USA COMPRESSION PARTNERS LLC 6.87500% 19-01.04.26 | 2 155 000.00 | 2 262 642.25 | 0.16 |
| USD | VALEANT PHARMACEUTICALS INTL-144A 9.25000% 18-01.04.26 | 5 640 000.00 | 6 091 200.00 | 0.43 |
| USD | VALEANT PHARMACEUTICALS INTL-144A 8.50000% 18-31.01.27 | 3 150 000.00 | 3 374 437.50 | 0.24 |
| USD | VERTICAL US NEWCO INC-144A 5.25000% 20-15.07.27 | 1 770 000.00 | 1 840 800.00 | 0.13 |
| USD | VIASAT INC-144A 5.62500% 17-15.09.25 | 2 650 000.00 | 2 708 300.00 | 0.19 |
| USD | VIASAT INC-144A 5.62500% 19-15.04.27 | 965 000.00 | 1 009 197.00 | 0.07 |
| USD | VICI PROPERTIES LP /VCI NTE CO INC-144A 4.62500% 19-01.12.29 | 6 600 000.00 | 6 866 310.00 | 0.48 |
| USD | VIRGIN AUSTRALIA HOLD-144A *DEFAULTED* 7.87500% 16-15.10.21 | 213 000.00 | 19 436.25 | 0.00 |
| USD | VISTRA OPERATIONS CO LLC-144A 5.00000% 19-31.07.27 | 4 935 000.00 | 5 039 868.75 | 0.36 |
| USD | WASTE PRO USA INC-144A 5.50000% 18-15.02.26 | 7 961 000.00 | 8 100 317.50 | 0.57 |
| USD | WILLIAM CARTER CO-144A 5.50000% 20-15.05.25 | 2 480 000.00 | 2 613 300.00 | 0.18 |
| USD | WILLIAM CARTER COMPANY-144A 5.62500% 19-15.03.27 | 660 000.00 | 691 350.00 | 0.05 |
| USD | WILLIAMS SCOTSMAN INTL INC-144A 4.62500% 20-15.08.28 | 5 095 000.00 | 5 230 679.85 | 0.37 |
| USD | WOLVERINE WORLD WIDE INC-144A 6.37500% 20-15.05.25 | 2 480 000.00 | 2 638 100.00 | 0.19 |
| USD | WR GRACE & CO-CONN-144A 5.62500% 14-01.10.24 | 3 390 000.00 | 3 729 000.00 | 0.26 |
| USD | YUM BRANDS INC-144A 7.75000% 20-01.04.25 | 960 000.00 | 1 044 000.00 | 0.07 |
| Total USD |  |  | 641 391 733.52 | 45.27 |
| Total Notes, fester Zins |  | 641 391 733.52 | 45.27 |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	LIBERTY INTERACTIVE LLC 8.25000% 00-01.02.30 | 2 345 000.00 | 2 685 025.00 | 0.19 |
| Total USD |  | 2 685 025.00 | 0.19 |
| Total Anleihen, fester Zins |  | 2 685 025.00 | 0.19 |
| Total Wertpapiere und Geldmarktinstrumente, die an einem anderen geregelten Markt gehandelt werden |  | 645 332 258.52 | 45.55 |

Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Notes, fester Zins
| USD |  |
| --- | --- |
| USD | ALTICE FRANCE HOLDING SA 10.50000% 20-15.05.27 | 2 960 000.00 | 3 309 280.00 | 0.23 |
| USD | ARCHES BUYER INC-144A 4.25000% 20-01.06.28 | 955 000.00 | 938 287.50 | 0.07 |
| USD | ARCHES BUYER INC-144A 6.12500% 20-01.12.28 | 1 430 000.00 | 1 462 175.00 | 0.10 |
| USD | ASCENT RESOURCES UTICA HOLDINGS-144A 8.25000% 20-31.12.28 | 1 155 000.00 | 1 256 062.50 | 0.09 |
| USD | AXALTA COAT SYS LLC/AXALTA COAT-144A 4.75000% 20-15.06.27 | 1 405 000.00 | 1 471 737.50 | 0.10 |
| USD | CALPINE CORP-144A 5.00000% 20-01.02.31 | 2 670 000.00 | 2 589 633.00 | 0.18 |
| USD | CASCADES INC/CASCADES USA INC-144A 5.37500% 19-15.01.28 | 990 000.00 | 1 027 125.00 | 0.07 |
| USD | CHS/COMMUNITY HEALTH SYSTEMS INC-144A 5.62500% 20-15.03.27 | 2 530 000.00 | 2 650 175.00 | 0.19 |
| USD | COMPASS GROUP DIVERSIFIED HOLDINGS-144A 5.25000% 21-15.04.29 | 955 000.00 | 985 369.00 | 0.07 |
| USD | CORNERSTONE BUILDING BRANDS INC-144A 6.12500% 20-15.01.29 | 3 500 000.00 | 3 736 250.00 | 0.26 |
| USD | CRESTWOOD MIDSTREAM PART LP/FIN-144A 6.00000% 21-01.02.29 | 475 000.00 | 491 625.00 | 0.03 |
| USD | DCP MIDSTREAM OPERATING LP 5.37500% 18-15.07.25 | 1 910 000.00 | 2 092 214.00 | 0.15 |
| USD | ENDO FINANCE LLC-REG-S 9.50000% 20-31.07.27 | 724 000.00 | 736 670.00 | 0.05 |
| USD | ENDO FINANCE LLC-REG-S 6.00000% 20-30.06.28 | 913 000.00 | 629 970.00 | 0.04 |
| USD | ENDO LUXEMBOURG FINANCE CO-144A 6.12500% 21-01.04.29 | 955 000.00 | 941 868.75 | 0.07 |
| USD | ENLINK MIDSTREAM LLC-144A 5.62500% 20-15.01.28 | 2 660 000.00 | 2 768 927.00 | 0.19 |
| USD | EQT MIDSTREAM PARTNERS LP-144A 4.50000% 21-15.01.29 | 955 000.00 | 955 000.00 | 0.07 |
| USD | EQT MIDSTREAM PARTNERS LP -144A 4.75000% 21-15.01.31 | 955 000.00 | 960 968.75 | 0.07 |
| USD | GRAFTECH FINANCE INC-144A 4.62500% 20-15.12.28 | 3 585 000.00 | 3 668 530.50 | 0.26 |
| USD | GRIFFON CORP 5.75000% 20-01.03.28 | 3 510 000.00 | 3 703 050.00 | 0.26 |
| USD | HOWARD HUGHES CORP/THE-144A 4.12500% 21-01.02.29 | 955 000.00 | 948 916.65 | 0.07 |
| USD | INSTALLED BUILDING PRODUCTS INC-144A 5.75000% 19-01.02.28 | 2 515 000.00 | 2 647 037.50 | 0.19 |
| USD | JBS USA LLC/JBS USA FINANCE INC-144A 6.75000% 18-15.02.28 | 3 100 000.00 | 3 387 331.25 | 0.24 |
| USD | KFC HLDG/PIZZA HUT HLDG/TACO BELL-144A 4.75000% 17-01.06.27 | 2 275 000.00 | 2 406 950.00 | 0.17 |
| USD | KRAFT HEINZ FOODS CO 3.87500% 21-15.05.27 | 2 495 000.00 | 2 731 111.11 | 0.19 |
| USD | LBM ACQUISITION LLC-144A 6.25000% 20-15.01.29 | 480 000.00 | 490 800.00 | 0.03 |

UBS (Lux) Bond SICAV – USD 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 | MACYS RETAIL HOLDINGS INC-144A 5.87500% 21-01.04.29 | 480 000.00 | 511 296.00 | 0.04 |
| USD | MATTEL INC-144A 3.75000% 21-01.04.29 | 955 000.00 | 977 652.60 | 0.07 |
| USD | MGM GROWTH POP LP/C0-ISSUER INC 5.75000% 20-01.02.27 | 3 025 000.00 | 3 349 249.75 | 0.24 |
| USD | MSCI INC-144A 3.62500% 20-01.09.30 | 235 000.00 | 237 056.25 | 0.02 |
| USD | NORDSTROM INC-144A 4.25000% 21-01.08.31 | 960 000.00 | 973 932.50 | 0.07 |
| USD | PARK RIVER HOLDINGS INC-144A 5.62500% 21-01.02.29 | 1 505 000.00 | 1 441 037.50 | 0.10 |
| USD | PATRICK INDUSTRIES INC-144A 4.75000% 21-01.05.29 | 2 410 000.00 | 2 404 216.00 | 0.17 |
| USD | QVC INC 4.75000% 20-15.02.27 | 955 000.00 | 1 008 718.75 | 0.07 |
| USD | REALOGY GROUP/CO ISSUER-144A 9.37500% 19-01.04.27 | 590 000.00 | 655 265.80 | 0.05 |
| USD | REALOGY GROUP/CO ISSUER-144A 5.75000% 21-15.01.29 | 1 910 000.00 | 1 995 510.70 | 0.14 |
| USD | RITE AID CORP-144A 8.00000% 20-15.11.26 | 1 520 000.00 | 1 577 790.40 | 0.11 |
| USD | SCIENCE APPLICATIONS INTRNTNL CORP-144A 4.87500% 20-01.04.28 | 2 785 000.00 | 2 893 782.10 | 0.20 |
| USD | SERVICE PROPERTIES TRUST 7.50000% 20-15.09.25 | 2 980 000.00 | 3 331 117.34 | 0.23 |
| USD | SIMMONS FOODS INC-144A 4.62500% 21-01.03.29 | 2 735 000.00 | 2 769 187.50 | 0.20 |
| USD | SPECIALTY BUILDING PRODCTS HLD LLC-144A 6.37500% 20-30.09.26 | 93 000.00 | 96 720.00 | 0.01 |
| USD | STERICYCLE INC-144A 5.37500% 19-15.07.24 | 585 000.00 | 602 924.40 | 0.04 |
| USD | SUNOCO LP/FINANCE CORP 5.87500% 18-15.03.28 | 2 550 000.00 | 2 677 500.00 | 0.19 |
| USD | TALEN ENERGY SUPPLY LLC-144A 7.25000% 19-15.05.27 | 2 575 000.00 | 2 636 516.75 | 0.19 |
| USD | TALLGRASS ENERGY PARTNERS LP-144A 6.00000% 20-31.12.30 | 2 305 000.00 | 2 351 100.00 | 0.17 |
| USD | TARGA RESOURCES PARTNERS 5.50000% 19-01.03.30 | 1 900 000.00 | 2 052 760.00 | 0.14 |
| USD | TELESAT CANADA / TELESAT LLC-144A 5.62500% 21-06.12.26 | 965 000.00 | 962 851.24 | 0.07 |
| USD | UNITED NATURAL FODDS INC-144A 6.75000% 20-15.10.28 | 2 515 000.00 | 2 694 017.70 | 0.19 |
| USD | URBAN ONE INC-144A 7.37500% 21-01.02.28 | 475 000.00 | 503 044.00 | 0.04 |
| USD | USA COMPRESSION PARTNERS LLC 6.87500% 19-01.09.27 | 4 040 000.00 | 4 240 788.00 | 0.30 |
| USD | VOC ESCROW LTD-144A 5.00000% 18-15.02.28 | 1 315 000.00 | 1 324 862.50 | 0.09 |
| Total USD |  |  | 93 255 962.79 | 6.58 |
| Total Notes, fester Zins |  | 93 255 962.79 | 6.58 |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	DELEK LOGISTICS PARTNERS LP 6.75000% 18-15.05.25 | 3 595 000.00 | 3 678 134.38 | 0.26 |
| Total USD |  | 3 678 134.38 | 0.26 |
| Total Anleihen, fester Zins |  | 3 678 134.38 | 0.26 |
| Total Wertpapiere und Geldmarktinstrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden |  | 96 934 097.17 | 6.84 |
| Neuemittierte Wertpapiere und Geldmarktinstrumente |  |  |  |
| Notes, fester Zins |  |  |  |
| USD |  |  |  |
| USD	ACADEMY LTD-144A 6.00000% 20-15.11.27 | 3 135 000.00 | 3 330 937.50 | 0.24 |
| USD	AMERICAN BUILDERS & CONTRAC SUPPLY-144A 3.87500% 21-15.11.29 | 1 930 000.00 | 1 899 313.00 | 0.13 |
| USD	ANTERO RESOURCES CORP-144A 5.37500% 21-01.03.30 | 965 000.00 | 968 681.48 | 0.07 |
| USD	ANTERO RESOURCES FIN CORP-144A 7.62500% 21-01.02.29 | 4 495 000.00 | 4 944 500.00 | 0.35 |
| USD	ARCOSA INC-144A 4.37500% 21-15.04.29 | 3 380 000.00 | 3 398 928.00 | 0.24 |
| USD	BIDFAIR HOLDINGS INC-144A 5.87500% 21-01.06.29 | 500 000.00 | 502 650.00 | 0.04 |
| USD	BOXER PARENT CO INC-144A 7.12500% 20-02.10.25 | 2 240 000.00 | 2 402 624.00 | 0.17 |
| USD	CALIFORNIA RESOURCES CORP-144A 7.12500% 21-01.02.26 | 4 505 000.00 | 4 662 675.00 | 0.33 |
| USD	CATALENT PHARMA SOLUTIONS INC-144A 3.125% 21-15.02.29 | 1 740 000.00 | 1 674 402.00 | 0.12 |
| USD	CCM MERGER INC-144A 6.37500% 20-01.05.26 | 1 985 000.00 | 2 090 205.00 | 0.15 |
| USD	CHEMOURS CO/THE-144A 5.75000% 20-15.11.28 | 2 555 000.00 | 2 730 937.30 | 0.19 |
| USD	CHENIERE ENERGY PARTNERS LP-144A 4.00000% 21-01.03.31 | 2 725 000.00 | 2 812 745.00 | 0.20 |
| USD	CHS/COMMUNITY HEALTH SYSTEMS INC-144A 6.87500% 21-15.04.29 | 5 940 000.00 | 6 063 314.39 | 0.43 |
| USD	CINEMARK USA INC-144A 5.87500% 21-15.03.26 | 715 000.00 | 740 918.75 | 0.05 |
| USD	CLEARWATER PAPER CORP-144A 4.75000% 20-15.08.28 | 2 445 000.00 | 2 396 100.00 | 0.17 |
| USD	CLEVELAND-CLIFFS INC-144A 4.87500% 21-01.03.31 | 955 000.00 | 976 468.40 | 0.07 |
| USD	COMSTOCK RESOURCES INC-144A 6.75000% 21-01.03.29 | 3 195 000.00 | 3 339 414.00 | 0.24 |
| USD	CONSOLIDATED COMMUNICATIONS INC-144A 6.50000% 20-01.10.28 | 2 455 000.00 | 2 654 468.75 | 0.19 |
| USD	CONSTELLIUM SE-144A 5.62500% 20-15.06.28 | 1 135 000.00 | 1 203 100.00 | 0.08 |
| USD	CSC HOLDINGS INC-144A 4.12500% 20-01.12.30 | 1 000 000.00 | 977 300.00 | 0.07 |
| USD	ENERGIZER HOLDINGS INC-144A 4.37500% 20-31.03.29 | 1 915 000.00 | 1 891 024.20 | 0.13 |
| USD	FIRST QUANTUM MINERALS LTD-144A 6.87500% 20-15.10.27 | 4 325 000.00 | 4 719 656.25 | 0.33 |
| USD	FORESTAR GROUP INC-144A 3.85000% 21-15.05.26 | 3 380 000.00 | 3 401 125.00 | 0.24 |
| USD	FORTRESS TRANS & INFRA INV LLC-144A 5.50000% 21-01.05.28 | 480 000.00 | 498 232.80 | 0.04 |
| USD	FOUNDATION BUILDING MATERIALS INC-144A 6.00000% 21-01.03.29 | 2 260 000.00 | 2 215 704.00 | 0.16 |
| USD	FRONTIER COMMUNICATIONS CORP-144A 6.75000% 20-01.05.29 | 2 485 000.00 | 2 598 266.30 | 0.18 |
| USD	GFL ENVIRONMENTAL INC-144A 4.00000% 20-01.08.28 | 1 840 000.00 | 1 775 489.60 | 0.13 |
| USD	HIGHTOWER HOLDING LLC-144A 6.75000% 21-15.04.29 | 965 000.00 | 979 581.15 | 0.07 |
| USD	HOWARD HUGHES CORP-144A 5.37500% 20-01.08.28 | 2 560 000.00 | 2 696 000.00 | 0.19 |
| USD	HOWARD HUGHES CORP/THE-144A 4.37500% 21-01.02.31 | 955 000.00 | 946 643.75 | 0.07 |
| USD	KBR INC 144-A 4.75000% 20-30.09.28 | 955 000.00 | 962 162.50 | 0.07 |
| USD	L BRANDS INC-144A 6.62500% 20-01.10.30 | 2 330 000.00 | 2 663 190.00 | 0.19 |
| USD	LCM INVESTMENTS HOLDINGS II LLC-144A 4.87500% 21-01.05.29 | 2 410 000.00 | 2 474 973.60 | 0.17 |
| USD	LEGENDS HOSPITALITY HOLDING CO LLC-144A 5.00000% 21-01.02.26 | 1 900 000.00 | 1 966 500.00 | 0.14 |
| USD	LEVEL 3 FINANCING INC-144A 4.25000% 20-01.07.28 | 4 375 000.00 | 4 384 406.25 | 0.31 |
| USD	LITHIA MOTORS INC-144A 3.87500% 21-01.06.29 | 1 930 000.00 | 1 982 804.80 | 0.14 |
| USD	LOGAN MERGER SUB INC-144A 5.50000% 20-01.09.27 | 3 030 000.00 | 3 120 657.60 | 0.22 |
| USD	MEG ENERGY CORP-144A 5.87500% 21-01.02.29 | 6 570 000.00 | 6 832 800.00 | 0.48 |
| USD	MERITOR INC-144A 4.50000% 20-15.12.28 | 475 000.00 | 476 187.50 | 0.03 |
| USD	MIDWEST GAMING BORROWER LLC-144A 4.87500% 21-01.05.29 | 1 930 000.00 | 1 933 184.50 | 0.14 |
| USD	MUELLER WATER PRODUCTS INC-144A 4.00000% 21-15.06.29 | 1 930 000.00 | 1 968 600.00 | 0.14 |
| USD	NABORS INDUSTRIES INC-144A 9.00000% 20-01.02.25 | 1 855 000.00 | 1 896 737.50 | 0.13 |
| USD	NATIONSTAR MORTGAGE HOLDINGS INC-144A 5.12500% 20-15.12.30 | 955 000.00 | 921 575.00 | 0.06 |
| USD	NCL CORP LTD-144A 5.87500% 20-15.03.26 | 2 375 000.00 | 2 472 968.75 | 0.17 |
| USD	NESCO HOLDINGS II INC-144A 5.50000% 21-15.04.29 | 3 780 000.00 | 3 898 125.00 | 0.28 |
| USD	NEWS CORP-144A 3.87500% 21-15.05.29 | 3 395 000.00 | 3 424 706.25 | 0.24 |
| USD	NORTHWEST FIBER LLC / FINANCE-144A 6.00000% 21-15.02.28 | 3 365 000.00 | 3 329 903.05 | 0.23 |
| USD	NRG ENERGY INC-144A 3.62500% 20-15.02.31 | 1 900 000.00 | 1 821 625.00 | 0.13 |
| USD	ORGANON FINANCE 1 LLC-144A 4.12500% 21-30.04.28 | 3 390 000.00 | 3 423 900.00 | 0.24 |
| USD	ORGANON FINANCE 1 LLC-144A 5.12500% 21-30.04.31 | 3 390 000.00 | 3 478 580.70 | 0.25 |

UBS (Lux) Bond SICAV – USD 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 | PARK INTERMEDIATE HOLDINGS LLC-144A 4.87500% 21-15.05.29 | 2 656 000.00 | 2 750 022.40 | 0.19 |
| USD | PETSMART FINANCE CORP-144A 4.75000% 21-15.02.28 | 2 000 000.00 | 2 071 200.00 | 0.15 |
| USD | PIKE CORP-144A 5.50000% 20-01.09.28 | 2 615 000.00 | 2 668 162.95 | 0.19 |
| USD | PM GENERAL PURCHASER LLC-144A 9.50000% 20-01.10.28 | 2 630 000.00 | 2 873 275.00 | 0.20 |
| USD | QUICKEN LOANS LLC-144A 3.62500% 20-01.03.29 | 3 795 000.00 | 3 698 796.75 | 0.26 |
| USD | REYNOLDS GROUP-144A 4.00000% 20-15.10.27 | 955 000.00 | 938 287.50 | 0.07 |
| USD | ROYAL CARIBBEAN CRUISES LTD-144A 9.12500% 20-15.06.23 | 2 625 000.00 | 2 903 775.00 | 0.20 |
| USD | SBA COMMUNICATIONS CORP-144A 3.12500% 21-01.02.29 | 955 000.00 | 916 800.00 | 0.06 |
| USD | SCRIPPS ESCROW II INC-144A 5.37500% 20-15.01.31 | 1 890 000.00 | 1 892 362.49 | 0.13 |
| USD | SMYRNA READY MIX CONCRETE LLC-114A 6.00000% 21-01.11.28 | 965 000.00 | 1 005 510.70 | 0.07 |
| USD | SQUARE INC-144A 3.50000% 21-01.06.31 | 3 538 000.00 | 3 537 787.72 | 0.25 |
| USD | SRM ESCROW ISSUER LLC-144A 6.00000% 20-01.11.28 | 4 900 000.00 | 5 105 702.00 | 0.36 |
| USD | SRS DISTRIBUTION INC-144A 4.62500% 21-01.07.28 | 2 130 000.00 | 2 149 596.00 | 0.15 |
| USD | SRS DISTRIBUTION INC-144A 6.12500% 21-01.07.29 | 2 130 000.00 | 2 172 600.00 | 0.15 |
| USD | STERICYCLE INC-144A 3.87500% 20-15.01.29 | 2 045 000.00 | 2 039 887.50 | 0.14 |
| USD | SYNEOS HEALTH INC-144A 3.62500% 20-15.01.29 | 955 000.00 | 932 318.75 | 0.07 |
| USD | TARGA RESOURCES PARTNERS-144A 4.00000% 21-15.01.32 | 1 915 000.00 | 1 898 894.85 | 0.13 |
| USD | TENET HEALTHCARE CORP-144A 6.12500% 20-01.10.28 | 4 970 000.00 | 5 201 353.50 | 0.37 |
| USD | TENNECO AUTOMOTIVE INC-144A 7.87500% 20-15.01.29 | 475 000.00 | 531 363.50 | 0.04 |
| USD | TITAN INTERNATIONAL INC-144A 7.00000% 21-30.04.28 | 480 000.00 | 500 256.00 | 0.04 |
| USD | TRANSDIGM INC-144A-SUB 4.62500% 21-15.01.29 | 5 265 000.00 | 5 199 187.50 | 0.37 |
| USD | TRANSOCEAN INC-144A 11.50000% 20-30.01.27 | 930 000.00 | 925 759.20 | 0.07 |
| USD | TUBE CITY IMS CORP-144A 6.25000% 21-15.04.29 | 3 870 000.00 | 4 024 800.00 | 0.28 |
| USD | UNIVISION COMMUNICATIONS INC-144A 6.62500% 20-01.06.27 | 1 920 000.00 | 2 076 000.00 | 0.15 |
| USD | UNIVISION COMMUNICATIONS INC-144A 4.50000% 21-01.05.29 | 965 000.00 | 976 599.30 | 0.07 |
| USD | VIRGIN MEDIA SECURED FINANCE PLC-144A 4.50000% 20-15.08.30 | 3 325 000.00 | 3 316 687.50 | 0.23 |
| USD | WATCO COS LLC / WATCO FINANCE CORP-144A 6.50000% 20-15.06.27 | 955 000.00 | 1 009 912.50 | 0.07 |
| USD | WEEKLEY HOMES LLC / WEEKLEY FIN-144A 4.87500% 20-15.09.28 | 3 240 000.00 | 3 360 528.00 | 0.24 |
| USD | WHITE CAP BUYER LLC-144A 6.87500% 20-15.10.28 | 5 590 000.00 | 5 883 475.00 | 0.42 |
| USD | WMG ACQUISITION CORP-144A 3.00000% 20-15.02.31 | 990 000.00 | 934 312.50 | 0.07 |
| USD | WR GRACE & CO-CONN-144A 4.87500% 20-15.06.27 | 2 685 000.00 | 2 825 962.50 | 0.20 |
| USD | WW INTERNATIONAL INC-144A 4.50000% 21-15.04.29 | 1 905 000.00 | 1 904 542.80 | 0.13 |
| Total USD |  |  | 203 150 713.03 | 14.35 |
| Total Notes, fester Zins |  | 203 150 713.03 | 14.35 |
| Anleihen, fester Zins |  |  |  |
| USD |  |  |  |
| USD	HUDBAY MINERALS INC-144A 6.12500% 20-01.04.29 | 1 825 000.00 | 1 907 125.00 | 0.13 |
| Total USD |  | 1 907 125.00 | 0.13 |
| Total Anleihen, fester Zins |  | 1 907 125.00 | 0.13 |
| Total Neuemittierte Wertpapiere und Geldmarktinstrumente |  | 205 057 838.03 | 14.48 |

OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010
Investment Fonds, open end
| Irland |  |
| --- | --- |
| USD | ISHARES USD HIGH YIELD CORPORATE BOND UCITS ETF | 1.00 | 102.54 | 0.00 |
| Total Irland |  | 102.54 | 0.00 |
| Luxemburg |  |  |  |
| USD	UBS (LUX) BOND SICAV - ASIAN HIGH YIELD (USD) U-X-ACC | 1 075.00 | 13 723 675.75 | 0.97 |
| USD	UBS (LUX) BOND SICAV - MULTI INCOME (USD)-U-X-ACC | 500.00 | 5 347 550.00 | 0.38 |
| Total Luxemburg |  | 19 071 225.75 | 1.35 |
| Total Investment Fonds, open end |  | 19 071 328.29 | 1.35 |
| Total OGAW/Andere OGA im Sinne des Artikels 41 (1) e) des abgeänderten luxemburgischen Gesetzes vom 17. Dezember 2010 | 19 071 328.29 | 1.35 |

Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Optionen auf weitere Swaps, klassisch
| USD |  |
| --- | --- |
| USD | GOLDMAN SACH/CDX.NA.HY.36 SWAPTION PUT 108.50000 21-21.07.21 | 67 500 000.00 | 390 129.75 | 0.03 |
| USD | GOLDMAN SACH/CDX.NA.HY.36 SWAPTION PUT 106.00000 21-21.07.21 | -67 500 000.00 | -180 589.50 | -0.01 |
| USD | GOLDMAN SACH/CDX.NA.HY.36 SWAPTION PUT 103.00000 21-21.07.21 | -67 500 000.00 | -97 294.50 | -0.01 |
| Total USD |  |  | 112 245.75 | 0.01 |
| Total Optionen auf weitere Swaps, klassisch |  | 112 245.75 | 0.01 |
| Total Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden |  | 112 245.75 | 0.01 |
| Total des Wertpapierbestandes |  | 1 333 621 904.42 | 94.14 |
| Derivative Instrumente |  |  |  |
| Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  |  |  |
| Finanzterminkontrakte auf Anleihen |  |  |  |
|  |  |  |  |
| USD	US 10YR TREASURY NOTE FUTURE 21.09.21 | -417.00 | -65 156.25 | 0.00 |
| USD	US LONG BOND FUTURE 21.09.21 | -191.00 | -67 195.22 | -0.01 |
| Total Finanzterminkontrakte auf Anleihen |  | -132 351.47 | -0.01 |
| Total Derivative Instrumente, die an einer offiziellen Börse gehandelt werden |  | -132 351.47 | -0.01 |

UBS (Lux) Bond SICAV – USD 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) |  |

Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden
Swaps und Forward-Swaps auf Indizes
| USD USD | JP MORGAN/IBOXX USD LIQUID HY TR EQS REC PERF 20-20.06.21 JP MORGAN/IBOXX USD LIQUID HY TR EQS PAYER 3ML 20-20.06.21 | 30 000 000.15 | 246 724.08 | 0.02 |
| --- | --- | --- | --- | --- |
| USD | GS/IBOXX USD LIQUID HY TR EQS REC PERF 21-20.06.21 | 50 000 000.00 | 1 240 400.87 | 0.09 |
| USD | GS/IBOXX USD LIQUID HY TR EQS PAYER 3ML 21-20.06.21 |  |  |  |
| Total Swaps und Forward-Swaps auf Indizes | 1 487 124.95 | 0.11 |
| Total Derivative Instrumente, die nicht an einer offiziellen Börse oder einem anderen geregelten Markt gehandelt werden | 1 487 124.95 | 0.11 |
| Total Derivative Instrumente | 1 354 773.48 | 0.10 |
| Devisenterminkontrakte |  |  |
| Gekaufte Währung/ Gekaufter Betrag/Verkaufte Währung/Verkaufter Betrag/Fälligkeitsdatum |  |  |

| USD | 2 800 705.83 | GBP | 1 975 000.00 | 28.6.2021 | -6 849.40 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| ZAR | 16 294 100.00 | USD | 1 170 227.15 | 28.6.2021 | 13 583.76 | 0.00 |
| USD | 65 433 831.54 | EUR | 53 340 000.00 | 28.6.2021 | 187 464.82 | 0.01 |
| EUR | 40 845 000.00 | USD | 50 105 827.70 | 28.6.2021 | -143 550.82 | -0.01 |
| CHF | 58 535 000.00 | USD | 65 579 519.16 | 28.6.2021 | -453 859.05 | -0.03 |
| USD | 3 329.45 | ZAR | 46 100.00 | 28.6.2021 | -19.84 | 0.00 |
| ZAR | 46 100.00 | USD | 3 341.28 | 1.6.2021 | 18.78 | 0.00 |
| ZAR | 203 100.00 | USD | 14 713.27 | 28.6.2021 | 42.50 | 0.00 |
| Total Devisenterminkontrakte | -403 169.25 | -0.03 |
|  |  |  |
| Bankguthaben, Sicht- und Fristgelder und andere liquide Mittel | 80 226 603.30* | 5.66 |
| Andere Aktiva und Passiva | 1 817 930.31 | 0.13 |
| Total des Nettovermögens | 1 416 618 042.26 | 100.00 |
| * Zum 31. Mai 2021 wurden gegenüber JP Morgan Bankguthaben in Höhe von USD 11 000.00 als Sicherheit eingesetzt. |  |  |

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