UBS ETF – Bloomberg Barclays US 10+ Year Treasury Bond UCITS ETF Annual report as of 31 December 2020
Schedule of Investments as at 31 December 2020 (Expressed in USD)
Forward Foreign Exchange Contracts
Unrealised appreciation/ % of Net
Purchases Sales Maturity Date (depreciation) USD Assets
EUR 69,211,436 USD 82,888,585 05 January 2021 1,795,062 2.15
EUR 26,061 USD 31,717 05 January 2021 170 0.00
Total Forward Foreign Exchange Contracts 1,795,232 2.15
The accompanying notes form an integral part of these financial statements.
260
UBS ETF – Bloomberg Barclays TIPS 1-10 UCITS ETF Annual report as of 31 December 2020
Schedule of Investments as at 31 December 2020 (Expressed in USD)
Transferable securities listed on an Official Stock Exchange
Market % of
Nominal Value USD Net Assets
Government Bonds
Sovereign Bonds (98.46%)
United States Treasury Inflation Indexed Bonds 0.625% 15/07/2021 11 11 0.00
United States Treasury Inflation Indexed Bonds 0.125% 15/01/2022 37,170,371 37,853,645 3.78
United States Treasury Inflation Indexed Bonds 0.125% 15/04/2022 36,510,295 37,287,820 3.72
United States Treasury Inflation Indexed Bonds 0.125% 15/07/2022 35,944,320 37,083,311 3.70
United States Treasury Inflation Indexed Bonds 0.125% 15/01/2023 42,418,703 44,091,807 4.40
United States Treasury Inflation Indexed Bonds 0.625% 15/04/2023 35,358,170 37,252,118 3.72
United States Treasury Inflation Indexed Bonds 0.375% 15/07/2023 40,818,421 43,274,996 4.32
United States Treasury Inflation Indexed Bonds 0.625% 15/01/2024 39,595,134 42,521,516 4.25
United States Treasury Inflation Indexed Bonds 0.500% 15/04/2024 24,852,414 26,653,701 2.66
United States Treasury Inflation Indexed Bonds 0.125% 15/07/2024 38,294,389 41,035,681 4.10
United States Treasury Inflation Indexed Bonds 0.125% 15/10/2024 29,927,076 32,105,191 3.21
United States Treasury Inflation Indexed Bonds 0.250% 15/01/2025 38,168,223 41,211,806 4.12
United States Treasury Inflation Indexed Bonds 2.375% 15/01/2025 23,163,088 27,076,095 2.70
United States Treasury Inflation Indexed Bonds 0.125% 15/04/2025 29,801,573 32,071,962 3.20
United States Treasury Inflation Indexed Bonds 0.375% 15/07/2025 36,336,186 39,937,563 3.99
United States Treasury Inflation Indexed Bonds 0.125% 15/10/2025 17,191,251 18,702,935 1.87
United States Treasury Inflation Indexed Bonds 0.625% 15/01/2026 31,004,053 34,635,594 3.46
United States Treasury Inflation Indexed Bonds 2.000% 15/01/2026 16,582,936 19,726,890 1.97
United States Treasury Inflation Indexed Bonds 0.125% 15/07/2026 29,367,959 32,321,190 3.23
United States Treasury Inflation Indexed Bonds 0.375% 15/01/2027 29,561,045 33,007,054 3.30
United States Treasury Inflation Indexed Bonds 2.375% 15/01/2027 13,476,562 16,771,283 1.67
United States Treasury Inflation Indexed Bonds 0.375% 15/07/2027 30,025,465 33,799,287 3.38
United States Treasury Inflation Indexed Bonds 0.500% 15/01/2028 31,591,540 35,831,355 3.58
United States Treasury Inflation Indexed Bonds 1.750% 15/01/2028 13,602,407 16,700,358 1.67
United States Treasury Inflation Indexed Bonds 3.625% 15/04/2028 12,807,237 17,630,741 1.76
United States Treasury Inflation Indexed Bonds 0.750% 15/07/2028 27,919,468 32,501,403 3.25
United States Treasury Inflation Indexed Bonds 0.875% 15/01/2029 23,096,131 27,162,135 2.71
United States Treasury Inflation Indexed Bonds 2.500% 15/01/2029 12,158,119 15,985,175 1.60
United States Treasury Inflation Indexed Bonds 3.875% 15/04/2029 15,930,967 22,973,443 2.29
United States Treasury Inflation Indexed Bonds 0.250% 15/07/2029 27,319,742 30,954,222 3.09
United States Treasury Inflation Indexed Bonds 0.125% 15/01/2030 33,180,059 37,039,054 3.70
United States Treasury Inflation Indexed Bonds 0.125% 15/07/2030 36,221,320 40,669,611 4.06
Total Government Bonds 985,868,953 98.46
TOTAL INVESTMENTS (Cost USD 930,571,752) 985,868,953 98.46
Other net assets 15,431,104 1.54
TOTAL NET ASSETS 1,001,300,057 100.00
Forward Foreign Exchange Contracts
Unrealised appreciation/ % of Net
Purchases Sales Maturity Date (depreciation) USD Assets
CHF 67,433,817 USD 74,596,251 05 January 2021 1,690,663 0.17
CHF 99,355 USD 111,690 05 January 2021 709 0.00
CHF 1,740,581 USD 1,961,128 05 January 2021 7,967 0.00
EUR 320,333,134 USD 383,635,446 05 January 2021 8,308,131 0.83
EUR 1,685,650 USD 2,030,594 05 January 2021 31,882 0.01
EUR 483,917 USD 588,867 05 January 2021 3,229 0.00
EUR 1,624,932 USD 1,974,923 05 January 2021 13,262 0.00
EUR 1,662,153 USD 2,017,924 05 January 2021 15,804 0.00
EUR 1,873,059 USD 2,272,947 05 January 2021 18,833 0.00
EUR 1,625,717 USD 1,977,254 05 January 2021 11,892 0.00
EUR 2,250,814 USD 2,756,052 05 January 2021 (2,069) (0.00)
EUR 15,784,523 USD 19,227,601 05 January 2021 85,551 0.01
EUR 2,607,120 USD 3,179,764 05 January 2021 10,178 0.00
EUR 2,429,505 USD 2,969,046 05 January 2021 3,574 0.00
GBP 46,134,210 USD 61,630,506 05 January 2021 1,432,622 0.14
GBP 70,739 USD 95,270 05 January 2021 1,427 0.00
Total Forward Foreign Exchange Contracts 11,633,655 1.16
The accompanying notes form an integral part of these financial statements.
261
UBS ETF – Bloomberg Barclays TIPS 10+ UCITS ETF Annual report as of 31 December 2020
Schedule of Investments as at 31 December 2020 (Expressed in USD)
Transferable securities listed on an Official Stock Exchange
Market % of
Nominal Value USD Net Assets
Government Bonds
Sovereign Bonds (97.81%)
United States Treasury Inflation Indexed Bonds 3.375% 15/04/2032 3,449,702 5,261,150 3.95
United States Treasury Inflation Indexed Bonds 2.125% 15/02/2040 4,609,702 7,148,809 5.36
United States Treasury Inflation Indexed Bonds 2.125% 15/02/2041 6,513,689 10,228,566 7.67
United States Treasury Inflation Indexed Bonds 0.750% 15/02/2042 11,111,093 14,162,192 10.62
United States Treasury Inflation Indexed Bonds 0.625% 15/02/2043 8,285,323 10,338,899 7.76
United States Treasury Inflation Indexed Bonds 1.375% 15/02/2044 11,558,957 16,663,690 12.50
United States Treasury Inflation Indexed Bonds 0.750% 15/02/2045 12,695,226 16,399,976 12.30
United States Treasury Inflation Indexed Bonds 1.000% 15/02/2046 6,711,605 9,165,115 6.88
United States Treasury Inflation Indexed Bonds 0.875% 15/02/2047 8,028,399 10,805,092 8.11
United States Treasury Inflation Indexed Bonds 1.000% 15/02/2048 6,944,826 9,679,504 7.26
United States Treasury Inflation Indexed Bonds 1.000% 15/02/2049 6,986,767 9,849,935 7.39
United States Treasury Inflation Indexed Bonds 0.250% 15/02/2050 8,954,076 10,684,080 8.01
Total Government Bonds 130,387,008 97.81
TOTAL INVESTMENTS (Cost USD 117,275,764) 130,387,008 97.81
Other net assets 2,921,721 2.19
TOTAL NET ASSETS 133,308,729 100.00
Forward Foreign Exchange Contracts
Unrealised appreciation/ % of Net
Purchases Sales Maturity Date (depreciation) USD Assets
EUR 2,373,219 USD 2,842,200 05 January 2021 61,552 0.05
EUR 12,035 USD 14,646 05 January 2021 79 0.00
GBP 69,915,410 USD 93,399,717 05 January 2021 2,171,108 1.63
GBP 2,442,667 USD 3,298,953 05 January 2021 40,048 0.03
GBP 355,052 USD 478,175 05 January 2021 7,164 0.00
GBP 1,556,726 USD 2,098,536 05 January 2021 29,429 0.02
GBP 2,297,248 USD 3,078,832 05 January 2021 61,390 0.05
GBP 8,991,386 USD 12,053,699 05 January 2021 237,070 0.18
USD 2,286,280 GBP 1,721,861 05 January 2021 (67,417) (0.05)
Total Forward Foreign Exchange Contracts 2,540,423 1.91
The accompanying notes form an integral part of these financial statements.
262
UBS ETF – Bloomberg Barclays Euro Inflation Linked 1-10 UCITS ETF Annual report as of 31 December 2020
Schedule of Investments as at 31 December 2020 (Expressed in EUR)
Transferable securities listed on an Official Stock Exchange
Market % of
Nominal Value EUR Net Assets
Government Bonds
Sovereign Bonds (99.57%)
Deutsche Bundesrepublik Inflation Linked Bond 0.100% 15/04/2023 739,790 761,295 4.61
Deutsche Bundesrepublik Inflation Linked Bond 0.100% 15/04/2026 730,284 793,468 4.80
Deutsche Bundesrepublik Inflation Linked Bond 0.500% 15/04/2030 837,527 1,006,808 6.10
French Republic Government Bond OAT 0.100% 01/03/2021 * 0 0 0.00
French Republic Government Bond OAT - DE 1.100% 25/07/2022 428,936 448,516 2.72
French Republic Government Bond OAT - FR 1.100% 25/07/2022 503,994 527,002 3.19
French Republic Government Bond OAT 2.100% 25/07/2023 854,046 925,674 5.61
French Republic Government Bond OAT - DE 0.250% 25/07/2024 286,681 305,642 1.85
French Republic Government Bond OAT - FR 0.250% 25/07/2024 498,548 531,522 3.22
French Republic Government Bond OAT 0.100% 01/03/2025 487,222 513,269 3.11
French Republic Government Bond OAT 0.100% 01/03/2026 215,166 232,386 1.41
French Republic Government Bond OAT 1.850% 25/07/2027 976,008 1,199,377 7.26
French Republic Government Bond OAT 0.100% 01/03/2028 539,707 590,920 3.58
French Republic Government Bond OAT 0.100% 01/03/2029 377,246 426,337 2.58
French Republic Government Bond OAT 3.400% 25/07/2029 496,317 710,543 4.30
French Republic Government Bond OAT 0.700% 25/07/2030 695,958 845,582 5.12
Italy Buoni Poliennali Del Tesoro 2.100% 15/09/2021 * 0 0 0.00
Italy Buoni Poliennali Del Tesoro 0.100% 15/05/2022 441,488 447,461 2.71
Italy Buoni Poliennali Del Tesoro 0.100% 15/05/2023 430,176 439,610 2.66
Italy Buoni Poliennali Del Tesoro 2.600% 15/09/2023 873,503 960,783 5.82
Italy Buoni Poliennali Del Tesoro 2.350% 15/09/2024 577,720 646,434 3.91
Italy Buoni Poliennali Del Tesoro 0.650% 15/05/2026 133,595 142,185 0.86
Italy Buoni Poliennali Del Tesoro 3.100% 15/09/2026 575,291 700,670 4.24
Italy Buoni Poliennali Del Tesoro - DE 1.300% 15/05/2028 11,482 12,888 0.08
Italy Buoni Poliennali Del Tesoro - IT 1.300% 15/05/2028 676,402 759,241 4.60
Italy Buoni Poliennali Del Tesoro 0.400% 15/05/2030 377,319 400,468 2.43
Spain Government Inflation Linked Bond 0.150% 30/11/2023 230,951 241,162 1.46
Spain Government Inflation Linked Bond 1.800% 30/11/2024 570,413 643,826 3.90
Spain Government Inflation Linked Bond 0.650% 30/11/2027 510,452 576,662 3.49
Spain Government Inflation Linked Bond 1.000% 30/11/2030 542,755 652,229 3.95
Total Government Bonds 16,441,960 99.57
TOTAL INVESTMENTS (Cost EUR 16,050,603) 16,441,960 99.57
Other net assets 71,577 0.43
TOTAL NET ASSETS 16,513,537 100.00
*Investment which has less than 0.5 shares and/or less than 0.5 EUR has been rounded down to zero.
The accompanying notes form an integral part of these financial statements.
263
UBS ETF – Bloomberg Barclays Euro Inflation Linked 10+ UCITS ETF Annual report as of 31 December 2020
Schedule of Investments as at 31 December 2020 (Expressed in EUR)
Transferable securities listed on an Official Stock Exchange
Market % of
Nominal Value EUR Net Assets
Government Bonds
Sovereign Bonds (99.52%)
Deutsche Bundesrepublik Inflation Linked Bond 0.100% 15/04/2046 480,808 718,039 9.58
French Republic Government Bond OAT 3.150% 25/07/2032 644,100 1,011,372 13.49
French Republic Government Bond OAT 0.100% 01/03/2036 185,856 223,036 2.98
French Republic Government Bond OAT 0.100% 25/07/2036 351,179 431,728 5.76
French Republic Government Bond OAT 1.800% 25/07/2040 661,208 1,099,080 14.66
French Republic Government Bond OAT - DE 0.100% 25/07/2047 62,591 86,356 1.15
French Republic Government Bond OAT - FR 0.100% 25/07/2047 434,844 599,950 8.01
Italy Buoni Poliennali Del Tesoro - DE 1.250% 15/09/2032 601,396 700,873 9.35
Italy Buoni Poliennali Del Tesoro - IT 1.250% 15/09/2032 102,324 119,249 1.59
Italy Buoni Poliennali Del Tesoro 2.350% 15/09/2035 754,698 1,038,276 13.85
Italy Buoni Poliennali Del Tesoro 2.550% 15/09/2041 632,540 952,688 12.71
Spain Government Inflation Linked Bond 0.700% 30/11/2033 397,236 478,491 6.39
Total Government Bonds 7,459,138 99.52
TOTAL INVESTMENTS (Cost EUR 7,011,839) 7,459,138 99.52
Other net assets 36,138 0.48
TOTAL NET ASSETS 7,495,276 100.00
The accompanying notes form an integral part of these financial statements.
264
UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates UCITS ETF Annual report as of 31 December 2020
Schedule of Investments as at 31 December 2020 (Expressed in EUR)
Transferable securities listed on an Official Stock Exchange
Market % of
Nominal Value EUR Net Assets
Corporate Bonds
Advertising (0.47%)
JCDecaux 2.000% 24/10/2024 200,000 212,182 0.23
MMS USA Investments 1.750% 13/06/2031 200,000 217,672 0.24
Aerospace & Defense (1.26%)
Airbus 2.000% 07/04/2028 200,000 223,686 0.24
Airbus 1.625% 09/06/2030 150,000 165,068 0.18
Airbus 2.375% 07/04/2032 200,000 236,992 0.26
Airbus 2.375% 09/06/2040 100,000 119,690 0.13
Thales 31/05/2022 (zero coupon) 100,000 100,278 0.11
Thales 0.750% 23/01/2025 300,000 308,508 0.34
Apparel (1.45%)
adidas 09/09/2024 (zero coupon) 100,000 100,790 0.11
adidas 0.625% 10/09/2035 100,000 104,784 0.12
Kering 0.750% 13/05/2028 100,000 105,175 0.12
LVMH Moet Hennessy Louis Vuitton 0.125% 28/02/2023 400,000 403,212 0.44
LVMH Moet Hennessy Louis Vuitton 0.750% 07/04/2025 100,000 103,705 0.11
LVMH Moet Hennessy Louis Vuitton 0.125% 11/02/2028 500,000 506,415 0.55
Auto Manufacturers (9.02%)
BMW Finance 0.375% 10/07/2023 542,000 549,366 0.60
BMW Finance 1.000% 14/11/2024 400,000 417,200 0.46
BMW Finance 1.500% 06/02/2029 200,000 222,908 0.24
BMW Finance 0.875% 14/01/2032 300,000 322,719 0.35
Daimler 0.750% 08/02/2030 250,000 257,448 0.28
Daimler 2.375% 22/05/2030 150,000 176,196 0.19
Daimler 2.000% 27/02/2031 300,000 345,189 0.38
Daimler 1.125% 06/11/2031 100,000 105,911 0.12
Daimler 1.125% 08/08/2034 100,000 106,358 0.12
Daimler International Finance 0.625% 27/02/2023 400,000 406,384 0.44
Daimler International Finance 0.875% 09/04/2024 200,000 205,296 0.22
Daimler International Finance 1.375% 26/06/2026 300,000 320,157 0.35
Peugeot 2.000% 23/03/2024 200,000 210,984 0.23
RCI Banque 2.000% 11/07/2024 400,000 418,872 0.46
RCI Banque 1.750% 10/04/2026 200,000 211,086 0.23
Volkswagen Bank 1.250% 01/08/2022 100,000 102,134 0.11
Volkswagen Bank 1.875% 31/01/2024 800,000 841,864 0.92
Volkswagen Bank 1.250% 10/06/2024 400,000 414,180 0.45
Volkswagen Bank 2.500% 31/07/2026 600,000 669,402 0.73
Volkswagen Financial Services 2.500% 06/04/2023 100,000 105,442 0.12
Volkswagen Financial Services 3.000% 06/04/2025 100,000 111,604 0.12
Volkswagen Financial Services 3.375% 06/04/2028 280,000 335,448 0.37
Volkswagen International Finance 4.125% 16/11/2038 100,000 143,206 0.16
Volkswagen International Finance 2.700% Perpetual 200,000 204,182 0.22
Volkswagen International Finance 3.375% Perpetual 200,000 209,288 0.23
Volkswagen International Finance 3.500% 31/12/2099 100,000 105,520 0.12
Volkswagen International Finance 3.875% 31/12/2099 100,000 108,089 0.12
Volkswagen International Finance - XU 3.875% Perpetual 200,000 214,890 0.23
Volkswagen International Finance 4.625% Perpetual 100,000 112,503 0.12
Volkswagen Leasing 0.500% 20/06/2022 200,000 201,666 0.22
Volkswagen Leasing 1.375% 20/01/2025 100,000 104,585 0.11
Auto Parts & Equipment (1.04%)
Compagnie Generale des Etablissements Michelin 0.875% 03/09/2025 100,000 104,725 0.12
Compagnie Generale des Etablissements Michelin 1.750% 03/09/2030 200,000 232,176 0.25
Compagnie Generale des Etablissements Michelin 0.625% 02/11/2040 100,000 102,167 0.11
Conti-Gummi Finance 1.125% 25/09/2024 100,000 103,506 0.11
Continental 12/09/2023 (zero coupon) 200,000 199,936 0.22
Continental 2.500% 27/08/2026 100,000 111,561 0.12
Hella & Co 0.500% 26/01/2027 100,000 100,412 0.11
Banks (29.20%)
ABN AMRO Bank 0.250% 03/12/2021 100,000 100,660 0.11
ABN AMRO Bank 0.875% 15/01/2024 200,000 206,520 0.23
ABN AMRO Bank 1.250% 28/05/2025 100,000 105,298 0.12
ABN AMRO Bank 0.500% 15/04/2026 200,000 206,728 0.23
The accompanying notes form an integral part of these financial statements.
265
UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates UCITS ETF Annual report as of 31 December 2020
Schedule of Investments as at 31 December 2020 (Expressed in EUR)
Transferable securities listed on an Official Stock Exchange
Market % of
Nominal Value EUR Net Assets
Banks (29.20%) (continued)
ABN AMRO Bank 0.600% 15/01/2027 200,000 205,794 0.23
AIB Group 1.500% 29/03/2023 100,000 103,274 0.11
AIB Group 1.250% 28/05/2024 100,000 103,751 0.11
Argenta Spaarbank 1.000% 06/02/2024 200,000 207,284 0.23
Argenta Spaarbank 1.000% 13/10/2026 100,000 102,120 0.11
Banco Bilbao Vizcaya Argentaria 1.125% 28/02/2024 100,000 103,322 0.11
Banco Bilbao Vizcaya Argentaria 1.375% 14/05/2025 300,000 318,450 0.35
Banco Bilbao Vizcaya Argentaria 1.000% 21/06/2026 100,000 105,201 0.12
Banco Bilbao Vizcaya Argentaria 0.500% 14/01/2027 300,000 306,489 0.33
Banco Bilbao Vizcaya Argentaria 2.575% 22/02/2029 100,000 105,347 0.12
Banco Bilbao Vizcaya Argentaria 1.000% 16/01/2030 100,000 99,836 0.11
Banco de Sabadell 1.625% 07/03/2024 200,000 208,630 0.23
Banco de Sabadell 1.750% 10/05/2024 200,000 206,916 0.23
Banco de Sabadell 0.875% 22/07/2025 200,000 204,324 0.22
Banco Santander 0.250% 19/06/2024 300,000 303,945 0.33
Banco Santander 1.125% 17/01/2025 200,000 207,936 0.23
Banco Santander 0.500% 04/02/2027 200,000 203,242 0.22
Banco Santander 1.125% 23/06/2027 100,000 106,016 0.12
Banco Santander 2.125% 08/02/2028 200,000 218,146 0.24
Banco Santander 1.625% 22/10/2030 100,000 104,593 0.11
Bank of Ireland Group 1.375% 29/08/2023 331,000 342,618 0.37
Bankia 0.750% 09/07/2026 200,000 205,922 0.23
Bankia 1.125% 12/11/2026 100,000 104,321 0.11
Bankinter 0.875% 08/07/2026 200,000 206,138 0.23
Banque Federative du Credit Mutuel 0.750% 17/07/2025 300,000 311,724 0.34
Banque Federative du Credit Mutuel 0.750% 08/06/2026 600,000 626,226 0.68
Banque Federative du Credit Mutuel 0.100% 08/10/2027 100,000 100,699 0.11
Banque Federative du Credit Mutuel 1.625% 15/11/2027 100,000 107,263 0.12
Banque Federative du Credit Mutuel 1.750% 15/03/2029 300,000 337,359 0.37
Banque Federative du Credit Mutuel 1.875% 18/06/2029 100,000 110,043 0.12
Banque Federative du Credit Mutuel 0.625% 21/02/2031 100,000 101,708 0.11
BAWAG PSK Bank fuer Arbeit und Wirtschaft und Oesterreichische Postsparkasse 0.375%
03/09/2027 100,000 99,127 0.11
Belfius Bank 28/08/2026 (zero coupon) 300,000 300,243 0.33
Berlin Hyp 1.000% 05/02/2026 300,000 320,571 0.35
BNP Paribas 1.125% 22/11/2023 300,000 310,716 0.34
BNP Paribas 1.125% 28/08/2024 100,000 104,199 0.11
BNP Paribas 0.500% 15/07/2025 200,000 203,104 0.22
BNP Paribas 1.500% 17/11/2025 100,000 106,718 0.12
BNP Paribas 1.125% 11/06/2026 100,000 104,868 0.11
BNP Paribas 0.125% 04/09/2026 200,000 199,012 0.22
BNP Paribas 2.125% 23/01/2027 600,000 657,402 0.72
BNP Paribas 1.375% 28/05/2029 300,000 325,644 0.36
BNP Paribas 2.375% 20/11/2030 100,000 107,945 0.12
BNP Paribas 1.625% 02/07/2031 200,000 212,814 0.23
BNP Paribas 0.625% 03/12/2032 100,000 101,095 0.11
BPCE 1.000% 15/07/2024 300,000 312,447 0.34
BPCE 0.625% 26/09/2024 300,000 306,732 0.34
BPCE 0.625% 28/04/2025 100,000 103,083 0.11
BPCE 1.375% 23/03/2026 600,000 638,514 0.70
BPCE 1.625% 31/01/2028 100,000 109,838 0.12
BPCE 0.625% 15/01/2030 100,000 104,091 0.11
CaixaBank 0.750% 18/04/2023 200,000 203,964 0.22
CaixaBank 2.375% 01/02/2024 100,000 107,027 0.12
CaixaBank 0.625% 01/10/2024 200,000 203,512 0.22
CaixaBank 1.125% 27/03/2026 100,000 105,065 0.11
CaixaBank 1.375% 19/06/2026 200,000 210,736 0.23
CaixaBank 0.375% 18/11/2026 100,000 100,432 0.11
CaixaBank 2.250% 17/04/2030 200,000 208,988 0.23
Commerzbank 0.625% 28/08/2024 200,000 205,294 0.22
Commerzbank 1.000% 04/03/2026 350,000 366,125 0.40
Commerzbank 1.125% 22/06/2026 100,000 103,656 0.11
Commerzbank 0.875% 22/01/2027 100,000 102,237 0.11
Commerzbank 0.375% 01/09/2027 100,000 100,711 0.11
Commerzbank 1.500% 28/08/2028 100,000 109,501 0.12
Cooperatieve Rabobank 0.625% 27/02/2024 300,000 307,149 0.34
Cooperatieve Rabobank 0.875% 05/05/2028 100,000 104,898 0.11
The accompanying notes form an integral part of these financial statements.
266
UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates UCITS ETF Annual report as of 31 December 2020
Schedule of Investments as at 31 December 2020 (Expressed in EUR)
Transferable securities listed on an Official Stock Exchange
Market % of
Nominal Value EUR Net Assets
Banks (29.20%) (continued)
Cooperatieve Rabobank 1.125% 07/05/2031 200,000 219,630 0.24
Credit Agricole 1.375% 13/03/2025 500,000 528,130 0.58
Credit Agricole 2.625% 17/03/2027 100,000 112,284 0.12
Credit Agricole 1.750% 05/03/2029 200,000 223,612 0.24
Credit Agricole 1.000% 03/07/2029 200,000 216,198 0.24
Credit Agricole 1.625% 05/06/2030 100,000 104,335 0.11
Credit Agricole 0.875% 14/01/2032 100,000 104,911 0.11
Credit Mutuel Arkea 0.875% 05/10/2023 100,000 102,928 0.11
Credit Mutuel Arkea 1.375% 17/01/2025 100,000 106,015 0.12
Credit Mutuel Arkea 0.375% 03/10/2028 100,000 102,095 0.11
Credit Mutuel Arkea 1.125% 23/05/2029 100,000 108,341 0.12
Credit Mutuel Arkea 1.875% 25/10/2029 200,000 208,150 0.23
Credit Mutuel Arkea 3.375% 11/03/2031 100,000 122,282 0.13
de Volksbank 0.750% 25/06/2023 100,000 102,138 0.11
Deutsche Bank 1.875% 14/02/2022 700,000 714,385 0.78
Deutsche Bank 1.125% 30/08/2023 100,000 103,317 0.11
Deutsche Bank 1.000% 19/11/2025 100,000 101,634 0.11
Deutsche Bank 1.625% 20/01/2027 200,000 208,854 0.23
Deutsche Bank 1.750% 17/01/2028 100,000 105,253 0.12
Deutsche Bank 1.750% 19/11/2030 200,000 210,066 0.23
Deutsche Pfandbriefbank 0.750% 07/02/2023 100,000 101,770 0.11
Deutsche Pfandbriefbank 0.125% 05/09/2024 100,000 100,600 0.11
Erste Group Bank 0.875% 22/05/2026 100,000 104,214 0.11
Erste Group Bank 0.875% 13/05/2027 100,000 105,376 0.12
Erste Group Bank 0.100% 16/11/2028 100,000 99,622 0.11
Erste Group Bank 1.000% 10/06/2030 100,000 100,688 0.11
Euroclear Bank 0.250% 07/09/2022 100,000 100,924 0.11
Euroclear Bank 0.125% 07/07/2025 100,000 101,300 0.11
Hamburg Commercial Bank 0.500% 23/05/2022 100,000 100,547 0.11
HSBC Continental Europe 0.250% 17/05/2024 300,000 304,116 0.33
HSBC Continental Europe 0.100% 03/09/2027 100,000 100,456 0.11
HSBC Continental Europe 1.375% 04/09/2028 100,000 110,368 0.12
ING Groep 1.000% 20/09/2023 300,000 309,735 0.34
ING Groep 2.125% 10/01/2026 200,000 221,002 0.24
ING Groep 1.375% 11/01/2028 200,000 218,124 0.24
ING Groep 0.250% 18/02/2029 100,000 99,909 0.11
ING Groep 1.625% 26/09/2029 300,000 311,352 0.34
ING Groep 2.000% 22/03/2030 100,000 105,811 0.12
ING Groep 2.500% 15/11/2030 300,000 370,833 0.41
Intesa Sanpaolo 2.125% 30/08/2023 200,000 211,194 0.23
Intesa Sanpaolo 1.000% 04/07/2024 300,000 309,453 0.34
Intesa Sanpaolo 1.000% 19/11/2026 100,000 103,750 0.11
Intesa Sanpaolo 1.750% 20/03/2028 150,000 162,672 0.18
Intesa Sanpaolo 1.750% 04/07/2029 200,000 218,422 0.24
KBC Group 0.875% 27/06/2023 500,000 513,700 0.56
KBC Group 1.125% 25/01/2024 200,000 207,306 0.23
KBC Group 1.625% 18/09/2029 100,000 103,968 0.11
Mediobanca Banca di Credito Finanziario 1.625% 07/01/2025 200,000 211,014 0.23
Mediobanca Banca di Credito Finanziario 1.125% 15/07/2025 100,000 103,666 0.11
Nationale-Nederlanden Bank NV/The Netherlands 0.375% 31/05/2023 200,000 202,754 0.22
Nordea Bank 0.375% 28/05/2026 100,000 102,778 0.11
Nordea Bank 0.500% 14/05/2027 100,000 103,406 0.11
OP Corporate Bank 0.125% 01/07/2024 200,000 201,960 0.22
OP Corporate Bank 1.000% 22/05/2025 200,000 210,286 0.23
OP Corporate Bank 0.625% 12/11/2029 100,000 102,752 0.11
OP Corporate Bank 1.625% 09/06/2030 100,000 103,767 0.11
Raiffeisen Bank International 0.375% 25/09/2026 200,000 204,108 0.22
Raiffeisen Bank International 2.875% 18/06/2032 100,000 107,912 0.12
Societe Generale 1.250% 15/02/2024 100,000 103,785 0.11
Societe Generale 1.125% 23/01/2025 400,000 416,624 0.46
Societe Generale 0.125% 24/02/2026 100,000 100,824 0.11
Societe Generale 0.750% 25/01/2027 200,000 205,012 0.22
Societe Generale 1.375% 23/02/2028 100,000 101,677 0.11
Societe Generale 2.125% 27/09/2028 100,000 112,525 0.12
Societe Generale 1.750% 22/03/2029 500,000 549,335 0.60
Societe Generale 1.250% 12/06/2030 100,000 106,106 0.12
UniCredit 0.500% 09/04/2025 100,000 101,283 0.11
The accompanying notes form an integral part of these financial statements.
267
UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates UCITS ETF Annual report as of 31 December 2020
Schedule of Investments as at 31 December 2020 (Expressed in EUR)
Transferable securities listed on an Official Stock Exchange
Market % of
Nominal Value EUR Net Assets
Banks (29.20%) (continued)
UniCredit 1.250% 25/06/2025 300,000 309,768 0.34
Unione di Banche Italiane 1.000% 22/07/2022 200,000 203,364 0.22
Unione di Banche Italiane 1.500% 10/04/2024 100,000 104,800 0.11
Beverages (2.50%)
Anheuser-Busch InBev 1.150% 22/01/2027 200,000 213,316 0.23
Anheuser-Busch InBev 1.125% 01/07/2027 300,000 320,526 0.35
Anheuser-Busch InBev 2.125% 02/12/2027 200,000 227,418 0.25
Anheuser-Busch InBev 2.875% 02/04/2032 150,000 188,214 0.21
Anheuser-Busch InBev 2.000% 23/01/2035 100,000 115,903 0.13
Anheuser-Busch InBev 3.700% 02/04/2040 200,000 282,894 0.31
Heineken 1.250% 17/03/2027 200,000 215,438 0.23
Heineken 2.250% 30/03/2030 200,000 236,640 0.26
Heineken 1.250% 07/05/2033 150,000 164,551 0.18
Pernod Ricard 24/10/2023 (zero coupon) 100,000 100,347 0.11
Pernod Ricard 1.750% 08/04/2030 100,000 114,271 0.12
Pernod Ricard 0.875% 24/10/2031 100,000 106,700 0.12
Building Materials (1.34%)
Compagnie de Saint-Gobain 0.625% 15/03/2024 300,000 307,521 0.34
Compagnie de Saint-Gobain 1.125% 23/03/2026 100,000 105,700 0.12
Compagnie de Saint-Gobain 1.875% 15/03/2031 200,000 230,352 0.25
CRH SMW Finance 1.250% 05/11/2026 200,000 213,980 0.23
HeidelbergCement Finance Luxembourg 0.500% 09/08/2022 200,000 201,446 0.22
HeidelbergCement Finance Luxembourg 1.750% 24/04/2028 150,000 164,772 0.18
Chemicals (1.18%)
Air Liquide Finance 1.375% 02/04/2030 100,000 112,780 0.12
Air Liquide Finance 0.625% 20/06/2030 100,000 106,058 0.12
Akzo Nobel 1.625% 14/04/2030 100,000 112,834 0.12
Arkema 1.500% 20/04/2027 200,000 217,946 0.24
BASF 0.875% 22/05/2025 100,000 104,848 0.11
BASF 1.500% 22/05/2030 100,000 114,020 0.12
Covestro 1.375% 12/06/2030 100,000 107,624 0.12
Koninklijke DSM 0.250% 23/06/2028 100,000 102,081 0.11
LANXESS 1.125% 16/05/2025 100,000 105,201 0.12
Commercial Services (2.92%)
Abertis Infraestructuras 0.625% 15/07/2025 100,000 102,392 0.11
Abertis Infraestructuras 2.250% 29/03/2029 100,000 109,653 0.12
Abertis Infraestructuras 1.625% 15/07/2029 100,000 105,039 0.11
Abertis Infraestructuras 3.000% 27/03/2031 200,000 232,668 0.25
Abertis Infraestructuras 1.875% 26/03/2032 100,000 105,825 0.12
ALD 1.250% 11/10/2022 100,000 102,369 0.11
Amadeus IT Group 0.875% 18/09/2023 200,000 204,002 0.22
Amadeus IT Group 2.875% 20/05/2027 100,000 112,414 0.12
APRR 1.250% 18/01/2028 200,000 217,680 0.24
APRR 0.125% 18/01/2029 100,000 101,001 0.11
ASTM 1.625% 08/02/2028 100,000 103,306 0.11
Autoroutes du Sud de la France 1.375% 21/02/2031 200,000 224,542 0.25
Compagnie Financiere et Industrielle des Autoroutes 1.125% 13/10/2027 100,000 108,341 0.12
Compagnie Financiere et Industrielle des Autoroutes 1.000% 19/05/2031 200,000 215,694 0.24
Edenred 1.875% 06/03/2026 200,000 218,940 0.24
Holding d'Infrastructures de Transport SASU 1.625% 18/09/2029 100,000 106,325 0.12
Holdingd'Infrastructures de Transport 0.625% 27/03/2023 100,000 100,936 0.11
Indigo Group 1.625% 19/04/2028 100,000 103,148 0.11
Worldline 0.250% 18/09/2024 100,000 100,903 0.11
Computers (1.42%)
Atos 0.750% 07/05/2022 100,000 101,256 0.11
Atos 1.750% 07/05/2025 100,000 107,325 0.12
Capgemini 1.000% 18/10/2024 200,000 207,878 0.23
Capgemini 1.750% 18/04/2028 100,000 111,167 0.12
Capgemini 2.000% 15/04/2029 100,000 113,486 0.12
Capgemini 1.125% 23/06/2030 100,000 106,363 0.12
Capgemini 2.375% 15/04/2032 200,000 238,152 0.26
Dell Bank International 0.625% 17/10/2022 200,000 201,756 0.22
Teleperformance 1.875% 02/07/2025 100,000 107,408 0.12
The accompanying notes form an integral part of these financial statements.
268
UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates UCITS ETF Annual report as of 31 December 2020
Schedule of Investments as at 31 December 2020 (Expressed in EUR)
Transferable securities listed on an Official Stock Exchange
Market % of
Nominal Value EUR Net Assets
Diversified Financial Services (2.45%)
Aareal Bank 0.500% 07/04/2027 100,000 102,286 0.11
Azimut Holding 1.625% 12/12/2024 100,000 101,150 0.11
Bevco Lux 1.750% 09/02/2023 150,000 155,102 0.17
Deutsche Boerse 1.250% 16/06/2047 100,000 102,529 0.11
Euronext 1.125% 12/06/2029 150,000 161,929 0.18
FCA Bank 1.250% 21/06/2022 100,000 101,835 0.11
FCA Bank 0.625% 24/11/2022 300,000 303,192 0.33
FCA Bank 0.125% 16/11/2023 100,000 99,963 0.11
LeasePlan 1.000% 25/02/2022 100,000 101,343 0.11
LeasePlan 0.750% 03/10/2022 200,000 202,636 0.22
LeasePlan 0.125% 13/09/2023 100,000 100,301 0.11
PSA Banque France 0.625% 21/06/2024 100,000 101,806 0.11
Santander Consumer Finance 1.000% 27/02/2024 100,000 103,360 0.12
Santander Consumer Finance 0.375% 27/06/2024 200,000 202,778 0.22
Santander Consumer Finance 0.375% 17/01/2025 200,000 202,878 0.22
Santander Consumer Finance 0.500% 14/11/2026 100,000 102,307 0.11
Electric (6.43%)
E.ON 28/08/2024 (zero coupon) 100,000 100,575 0.11
E.ON 0.350% 28/02/2030 350,000 355,856 0.39
E.ON 0.625% 07/11/2031 200,000 207,788 0.23
E.ON International Finance 1.250% 19/10/2027 160,000 173,163 0.19
E.ON International Finance 1.500% 31/07/2029 100,000 111,051 0.12
EDP Finance 1.625% 26/01/2026 450,000 484,884 0.53
Elia Group 2.750% Perpetual 100,000 105,021 0.12
Elia Transmission Belgium 1.375% 14/01/2026 100,000 106,612 0.12
Enel 2.500% 24/11/2078 100,000 104,244 0.11
Enel 3.500% 24/05/2080 200,000 218,380 0.24
Enel 3.375% 24/11/2081 100,000 110,700 0.12
Enel Finance International 1.500% 21/07/2025 200,000 213,694 0.23
Enel Finance International 1.125% 16/09/2026 100,000 106,549 0.12
Enel Finance International 0.375% 17/06/2027 200,000 203,834 0.22
Engie 0.875% 19/09/2025 200,000 208,788 0.23
Engie 0.375% 21/06/2027 300,000 306,249 0.33
Engie 0.500% 24/10/2030 100,000 102,846 0.11
Engie 2.000% 28/09/2037 100,000 122,664 0.13
Engie 1.375% 21/06/2039 200,000 228,500 0.25
Engie 1.375% Perpetual 100,000 101,341 0.11
Engie 1.500% 31/12/2099 100,000 101,825 0.11
Engie 1.625% 31/12/2099 100,000 102,395 0.11
Engie 3.250% Perpetual 100,000 109,630 0.12
Eurogrid 1.113% 15/05/2032 100,000 109,222 0.12
Iberdrola Finanzas 0.875% 16/06/2025 100,000 104,073 0.11
Iberdrola Finanzas 1.250% 13/09/2027 100,000 108,843 0.12
Iberdrola International 1.874% 31/12/2099 300,000 309,000 0.34
Iberdrola International 1.875% Perpetual 100,000 102,501 0.11
Iberdrola International 3.250% Perpetual 200,000 218,978 0.24
Iren 1.950% 19/09/2025 100,000 108,208 0.12
Iren 0.875% 14/10/2029 100,000 105,395 0.12
Naturgy Finance 0.875% 15/05/2025 100,000 103,833 0.11
Naturgy Finance 1.375% 19/01/2027 100,000 107,349 0.12
Red Electrica Financiaciones 0.375% 24/07/2028 100,000 102,942 0.11
Terna Rete Elettrica Nazionale 1.000% 23/07/2023 200,000 206,438 0.23
Terna Rete Elettrica Nazionale 0.125% 25/07/2025 100,000 101,239 0.11
Terna Rete Elettrica Nazionale 1.000% 11/10/2028 100,000 107,374 0.12
Electrical Components & Equipment (0.83%)
Legrand 0.750% 20/05/2030 100,000 105,925 0.12
Schneider Electric 1.000% 09/04/2027 200,000 213,590 0.23
Schneider Electric 1.375% 21/06/2027 100,000 109,341 0.12
Schneider Electric 1.500% 15/01/2028 200,000 221,928 0.24
Signify 2.000% 11/05/2024 100,000 105,706 0.12
Energy - Alternate Sources (0.11%)
ERG 0.500% 11/09/2027 100,000 100,918 0.11
The accompanying notes form an integral part of these financial statements.
269
UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates UCITS ETF Annual report as of 31 December 2020
Schedule of Investments as at 31 December 2020 (Expressed in EUR)
Transferable securities listed on an Official Stock Exchange
Market % of
Nominal Value EUR Net Assets
Engineering & Construction (0.81%)
ACS Servicios Comunicaciones y Energia 1.875% 20/04/2026 100,000 107,453 0.12
Bouygues 1.125% 24/07/2028 100,000 108,264 0.12
Ferrovial Emisiones 1.382% 14/05/2026 100,000 106,250 0.12
HOCHTIEF 0.500% 03/09/2027 100,000 101,270 0.11
Vinci 1.000% 26/09/2025 100,000 105,854 0.11
Vinci 27/11/2028 (zero coupon) 100,000 100,247 0.11
Vinci 1.625% 18/01/2029 100,000 112,873 0.12
Environmental Control (0.33%)
FCC Servicios Medio Ambiente Holding 0.815% 04/12/2023 300,000 305,715 0.33
Food (1.84%)
Auchan Holding 2.625% 30/01/2024 100,000 106,793 0.12
Auchan Holding 2.375% 25/04/2025 200,000 215,880 0.24
Auchan Holding 2.875% 29/01/2026 100,000 110,746 0.12
Carrefour 0.875% 12/06/2023 200,000 204,472 0.22
Carrefour 1.750% 04/05/2026 200,000 218,164 0.24
Danone 0.395% 10/06/2029 200,000 206,112 0.22
Kerry Group Financial Services 0.625% 20/09/2029 100,000 103,002 0.11
Koninklijke Ahold Delhaize 0.250% 26/06/2025 100,000 101,990 0.11
Koninklijke Ahold Delhaize 1.125% 19/03/2026 100,000 106,440 0.12
Sodexo 0.750% 27/04/2025 200,000 206,856 0.23
Sodexo 1.000% 17/07/2028 100,000 105,986 0.11
Forest Products & Paper (0.23%)
Mondi Finance Europe 2.375% 01/04/2028 100,000 114,634 0.12
UPM-Kymmene 0.125% 19/11/2028 100,000 99,671 0.11
Gas (1.03%)
2i Rete Gas 2.195% 11/09/2025 100,000 108,947 0.12
Enagas Financiaciones 0.375% 05/11/2032 100,000 100,779 0.11
Italgas 0.250% 24/06/2025 100,000 101,431 0.11
Italgas 0.875% 24/04/2030 100,000 106,704 0.12
Naturgy Capital Markets 1.125% 11/04/2024 100,000 103,589 0.11
Snam 0.750% 17/06/2030 200,000 210,266 0.23
Snam 1.000% 12/09/2034 100,000 107,666 0.12
Terega 0.875% 17/09/2030 100,000 102,866 0.11
Healthcare Products (1.13%)
EssilorLuxottica 27/05/2023 (zero coupon) 100,000 100,394 0.11
EssilorLuxottica 0.250% 05/01/2024 100,000 101,212 0.11
EssilorLuxottica 0.375% 05/01/2026 100,000 102,291 0.11
EssilorLuxottica 0.375% 27/11/2027 100,000 101,945 0.11
EssilorLuxottica 0.750% 27/11/2031 300,000 313,413 0.34
Koninklijke Philips 0.750% 02/05/2024 200,000 205,594 0.23
Koninklijke Philips 1.375% 02/05/2028 100,000 110,085 0.12
Healthcare Services (1.37%)
Eurofins Scientific 3.750% 17/07/2026 100,000 117,129 0.13
Fresenius & Co 1.875% 15/02/2025 300,000 321,363 0.35
Fresenius & Co 1.625% 08/10/2027 150,000 164,047 0.18
Fresenius & Co 2.875% 15/02/2029 100,000 119,555 0.13
Fresenius Medical Care & Co 1.000% 29/05/2026 100,000 104,412 0.11
Fresenius Medical Care & Co 1.250% 29/11/2029 300,000 319,518 0.35
Groupe VYV 1.625% 02/07/2029 100,000 105,751 0.12
Insurance (3.37%)
Achmea 1.500% 26/05/2027 100,000 107,897 0.12
Ageas 3.250% 02/07/2049 100,000 114,000 0.12
Allianz 1.301% 25/09/2049 200,000 206,780 0.23
Allianz 2.121% 08/07/2050 100,000 109,642 0.12
Allianz Finance II 1.500% 15/01/2030 200,000 228,272 0.25
Allianz Finance II 0.500% 14/01/2031 100,000 104,331 0.11
ASR Nederland 3.375% 02/05/2049 100,000 111,750 0.12
Assicurazioni Generali 3.875% 29/01/2029 100,000 118,942 0.13
Assicurazioni Generali 2.429% 14/07/2031 100,000 109,440 0.12
AXA 3.250% 28/05/2049 200,000 233,606 0.25
Caisse Nationale de Reassurance Mutuelle Agricole Groupama 3.375% 24/09/2028 100,000 112,673 0.12
The accompanying notes form an integral part of these financial statements.
270
UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates UCITS ETF Annual report as of 31 December 2020
Schedule of Investments as at 31 December 2020 (Expressed in EUR)
Transferable securities listed on an Official Stock Exchange
Market % of
Nominal Value EUR Net Assets
Insurance (3.37%) (continued)
CNP Assurances 2.000% 27/07/2050 100,000 106,230 0.12
CNP Assurances 2.500% 30/06/2051 100,000 108,583 0.12
Credit Agricole Assurances 2.000% 17/07/2030 100,000 107,052 0.12
Credit Agricole Assurances 2.625% 29/01/2048 100,000 108,136 0.12
Hannover Rueck 1.125% 18/04/2028 100,000 109,704 0.12
Hannover Rueck 1.125% 09/10/2039 100,000 102,282 0.11
La Mondiale 0.750% 20/04/2026 100,000 101,095 0.11
Mapfre 4.375% 31/03/2047 100,000 116,129 0.13
Muenchener Rueckversicherungs-Gesellschaft in Muenchen 1.250% 26/05/2041 200,000 207,648 0.23
Muenchener Rueckversicherungs-Gesellschaft in Muenchen 3.250% 26/05/2049 100,000 118,514 0.13
Sampo 2.250% 27/09/2030 100,000 119,843 0.13
Sampo 3.375% 23/05/2049 100,000 114,919 0.12
Sampo 2.500% 03/09/2052 100,000 108,275 0.12
Investment Companies (0.95%)
Criteria Caixa 1.375% 10/04/2024 100,000 104,208 0.11
EXOR 1.750% 18/01/2028 100,000 107,816 0.12
EXOR 2.250% 29/04/2030 100,000 110,115 0.12
JAB Holdings 1.250% 22/05/2024 100,000 103,882 0.11
JAB Holdings 1.000% 20/12/2027 100,000 104,328 0.12
JAB Holdings 2.500% 25/06/2029 200,000 229,168 0.25
JAB Holdings 2.250% 19/12/2039 100,000 111,531 0.12
Media (0.46%)
Bertelsmann & Co 1.250% 29/09/2025 100,000 106,455 0.12
Vivendi 1.125% 11/12/2028 200,000 213,960 0.23
Wolters Kluwer 0.750% 03/07/2030 100,000 104,389 0.11
Metal Fabricate & Hardware (0.23%)
Wurth Finance International 1.000% 26/05/2025 100,000 105,015 0.11
Wurth Finance International 0.750% 22/11/2027 100,000 105,165 0.12
Miscellaneous Manufacturers (2.05%)
Alstom 0.250% 14/10/2026 100,000 101,288 0.11
Knorr-Bremse 1.125% 13/06/2025 150,000 157,500 0.17
Siemens Financieringsmaatschappij 0.375% 06/09/2023 100,000 101,849 0.11
Siemens Financieringsmaatschappij 05/09/2024 (zero coupon) 200,000 201,678 0.22
Siemens Financieringsmaatschappij 1.000% 06/09/2027 450,000 485,361 0.53
Siemens Financieringsmaatschappij 0.900% 28/02/2028 100,000 107,467 0.12
Siemens Financieringsmaatschappij 1.375% 06/09/2030 300,000 341,085 0.37
Siemens Financieringsmaatschappij 1.250% 28/02/2031 100,000 112,859 0.12
Siemens Financieringsmaatschappij 0.500% 05/09/2034 100,000 104,923 0.12
Siemens Financieringsmaatschappij 1.750% 28/02/2039 132,000 164,483 0.18
Oil & Gas (5.12%)
Eni 1.250% 18/05/2026 100,000 106,120 0.12
Eni 1.500% 17/01/2027 200,000 216,460 0.24
Eni 0.625% 23/01/2030 100,000 103,283 0.11
Eni 2.000% 18/05/2031 100,000 116,758 0.13
Eni 2.625% 31/12/2099 200,000 208,754 0.23
Eni 3.375% 31/12/2099 200,000 214,650 0.23
OMV 1.500% 09/04/2024 100,000 105,367 0.12
OMV 1.000% 14/12/2026 150,000 159,607 0.17
OMV 2.000% 09/04/2028 200,000 227,878 0.25
OMV 1.000% 03/07/2034 150,000 157,948 0.17
OMV 2.500% 31/12/2099 100,000 103,980 0.11
OMV 2.875% Perpetual 100,000 104,595 0.11
Repsol International Finance 0.125% 05/10/2024 100,000 100,605 0.11
Repsol International Finance 2.000% 15/12/2025 100,000 109,399 0.12
Repsol International Finance 2.625% 15/04/2030 100,000 119,266 0.13
Shell International Finance 0.125% 08/11/2027 400,000 404,908 0.44
Shell International Finance 1.500% 07/04/2028 100,000 110,909 0.12
Shell International Finance 1.875% 07/04/2032 200,000 234,750 0.26
Shell International Finance 0.875% 08/11/2039 150,000 153,191 0.17
Total 3.369% Perpetual 100,000 112,438 0.12
Total 1.750% Perpetual 100,000 102,700 0.11
Total 2.000% 31/12/2099 100,000 103,548 0.11
Total Capital International 1.491% 08/04/2027 300,000 328,806 0.36
The accompanying notes form an integral part of these financial statements.
271
UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates UCITS ETF Annual report as of 31 December 2020
Schedule of Investments as at 31 December 2020 (Expressed in EUR)
Transferable securities listed on an Official Stock Exchange
Market % of
Nominal Value EUR Net Assets
Oil & Gas (5.12%) (continued)
Total Capital International 0.696% 31/05/2028 300,000 315,786 0.35
Total Capital International 1.994% 08/04/2032 100,000 119,651 0.13
Total Capital International 1.535% 31/05/2039 100,000 116,766 0.13
Total Capital International 1.618% 18/05/2040 100,000 117,165 0.13
Wintershall Dea Finance 1.823% 25/09/2031 300,000 315,099 0.34
Pharmaceuticals & Biotechnology (3.31%)
Bayer 0.750% 06/01/2027 300,000 309,120 0.34
Bayer 1.125% 06/01/2030 100,000 105,064 0.12
Bayer 1.375% 06/07/2032 200,000 213,362 0.23
Bayer 2.375% 12/11/2079 100,000 101,494 0.11
Bayer 3.125% 12/11/2079 100,000 104,926 0.11
Bayer Capital 1.500% 26/06/2026 200,000 213,998 0.23
Bayer Capital 2.125% 15/12/2029 200,000 228,856 0.25
Merck 1.625% 25/06/2079 100,000 102,581 0.11
Merck 2.875% 25/06/2079 100,000 110,086 0.12
Merck 1.625% 09/09/2080 100,000 102,286 0.11
Merck Financial Services 0.375% 05/07/2027 200,000 206,356 0.23
Merck Financial Services 0.875% 05/07/2031 100,000 107,630 0.12
Sanofi 1.000% 21/03/2026 400,000 425,612 0.47
Sanofi 0.875% 21/03/2029 300,000 324,216 0.35
Sanofi 1.500% 01/04/2030 100,000 114,322 0.13
Sanofi 1.875% 21/03/2038 200,000 257,596 0.28
Pipelines (0.23%)
Vier Gas Transport 1.500% 25/09/2028 100,000 111,734 0.12
Vier Gas Transport 0.500% 10/09/2034 100,000 102,251 0.11
Private Equity (0.47%)
Blackstone Property Partners Europe Holdings 2.000% 15/02/2024 100,000 104,886 0.12
Blackstone Property Partners Europe Holdings 2.200% 24/07/2025 300,000 321,576 0.35
Real Estate (3.62%)
Altareit 2.875% 02/07/2025 100,000 106,957 0.12
Aroundtown 1.500% 28/05/2026 100,000 105,784 0.11
Aroundtown 2.000% 02/11/2026 300,000 326,868 0.36
Aroundtown 1.450% 09/07/2028 100,000 105,895 0.12
ATF Netherlands 3.750% Perpetual 100,000 104,014 0.11
CA Immobilien Anlagen 0.875% 05/02/2027 100,000 100,561 0.11
Deutsche Wohnen 1.000% 30/04/2025 200,000 208,992 0.23
Grand City Properties 1.700% 09/04/2024 100,000 105,493 0.11
Grand City Properties 1.500% 22/02/2027 100,000 106,844 0.12
IMMOFINANZ 2.625% 27/01/2023 100,000 103,134 0.11
IMMOFINANZ 2.500% 15/10/2027 100,000 104,460 0.11
In'li 1.125% 02/07/2029 100,000 107,290 0.12
Kojamo 1.875% 27/05/2027 100,000 108,008 0.12
Logicor Financing 2.250% 13/05/2025 100,000 108,167 0.12
Logicor Financing 1.625% 15/07/2027 200,000 212,450 0.23
Logicor Financing 3.250% 13/11/2028 100,000 117,637 0.13
Vonovia Finance 0.750% 15/01/2024 100,000 102,684 0.11
Vonovia Finance 1.625% 07/04/2024 200,000 210,640 0.23
Vonovia Finance 1.800% 29/06/2025 400,000 432,256 0.47
Vonovia Finance 1.500% 14/01/2028 200,000 219,318 0.24
Vonovia Finance 1.125% 14/09/2034 100,000 106,134 0.12
Vonovia Finance 1.625% 07/10/2039 100,000 111,310 0.12
Real Estate Investment Trusts (2.96%)
Covivio 1.500% 21/06/2027 200,000 211,576 0.23
Gecina 1.625% 14/03/2030 100,000 112,255 0.12
Gecina 1.625% 29/05/2034 100,000 113,409 0.12
ICADE 1.500% 13/09/2027 200,000 217,704 0.24
Inmobiliaria Colonial Socimi 1.625% 28/11/2025 100,000 105,723 0.12
Inmobiliaria Colonial Socimi 1.350% 14/10/2028 100,000 103,402 0.11
Klepierre 0.625% 01/07/2030 200,000 200,836 0.22
Merlin Properties Socimi 1.875% 02/11/2026 200,000 211,654 0.23
SELP Finance 1.500% 20/12/2026 100,000 107,313 0.12
Societe Fonciere Lyonnaise 1.500% 05/06/2027 100,000 106,504 0.12
Unibail-Rodamco-Westfield 1.000% 27/02/2027 200,000 204,432 0.22
The accompanying notes form an integral part of these financial statements.
272
UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates UCITS ETF Annual report as of 31 December 2020
Schedule of Investments as at 31 December 2020 (Expressed in EUR)
Transferable securities listed on an Official Stock Exchange
Quantity / Market % of
Nominal Value EUR Net Assets
Real Estate Investment Trusts (2.96%) (continued)
Unibail-Rodamco-Westfield 2.625% 09/04/2030 100,000 113,643 0.12
Unibail-Rodamco-Westfield 1.875% 15/01/2031 200,000 212,654 0.23
Unibail-Rodamco-Westfield 1.375% 04/12/2031 200,000 201,406 0.22
Unibail-Rodamco-Westfield 2.250% 14/05/2038 100,000 109,872 0.12
Unibail-Rodamco-Westfield 1.750% 01/07/2049 100,000 98,478 0.11
Unibail-Rodamco-Westfield 2.125% Perpetual 300,000 282,141 0.31
Semiconductors (0.58%)
ASML Holding 0.625% 07/05/2029 100,000 104,960 0.11
ASML Holding 0.250% 25/02/2030 100,000 102,033 0.11
Infineon Technologies 1.125% 24/06/2026 100,000 105,567 0.12
Infineon Technologies 1.625% 24/06/2029 200,000 218,338 0.24
Software (1.39%)
Dassault Systemes 0.125% 16/09/2026 300,000 303,729 0.33
Dassault Systemes 0.375% 16/09/2029 100,000 103,208 0.11
SAP 0.250% 10/03/2022 200,000 201,256 0.22
SAP 0.750% 10/12/2024 100,000 103,680 0.12
SAP 1.000% 13/03/2026 100,000 105,971 0.12
SAP 0.375% 18/05/2029 100,000 103,221 0.11
SAP 1.625% 10/03/2031 300,000 347,340 0.38
Telecommunications (4.54%)
Deutsche Telekom 0.875% 25/03/2026 350,000 367,843 0.40
Deutsche Telekom 0.500% 05/07/2027 100,000 103,642 0.11
Deutsche Telekom 1.750% 25/03/2031 200,000 230,686 0.25
Deutsche Telekom 1.375% 05/07/2034 100,000 112,185 0.12
Deutsche Telekom 2.250% 29/03/2039 100,000 127,159 0.14
Deutsche Telekom 1.750% 09/12/2049 50,000 58,390 0.06
Eutelsat 2.000% 02/10/2025 200,000 214,708 0.23
Eutelsat 1.500% 13/10/2028 100,000 101,591 0.11
Koninklijke KPN 0.875% 14/12/2032 100,000 101,483 0.11
O2 Telefonica Deutschland Finanzierungs 1.750% 05/07/2025 100,000 106,419 0.12
Orange 0.500% 15/01/2022 100,000 100,785 0.11
Orange 04/09/2026 (zero coupon) 200,000 200,974 0.22
Orange 2.000% 15/01/2029 500,000 576,405 0.63
Orange 1.875% 12/09/2030 200,000 233,468 0.26
Orange 0.500% 04/09/2032 200,000 204,824 0.22
Orange 1.375% 04/09/2049 100,000 113,296 0.12
Orange 2.375% Perpetual 100,000 105,374 0.12
SES 1.625% 22/03/2026 100,000 106,560 0.12
Telefonica Emisiones 1.495% 11/09/2025 400,000 427,724 0.47
Telefonica Emisiones 1.788% 12/03/2029 300,000 336,750 0.37
Telefonica Emisiones 1.807% 21/05/2032 100,000 112,138 0.12
Telefonica Emisiones 1.957% 01/07/2039 100,000 115,242 0.13
Transportation (0.42%)
Deutsche Post 1.625% 05/12/2028 150,000 168,824 0.18
Deutsche Post 1.000% 20/05/2032 200,000 219,352 0.24
Water (0.84%)
Suez 1.625% 17/09/2030 300,000 337,572 0.37
Suez 2.875% Perpetual 100,000 104,661 0.11
Veolia Environnement 1.940% 07/01/2030 100,000 114,893 0.13
Veolia Environnement 0.664% 15/01/2031 100,000 103,660 0.11
Veolia Environnement 0.800% 15/01/2032 100,000 105,097 0.12
Total Corporate Bonds 90,552,573 98.90
The accompanying notes form an integral part of these financial statements.
273
UBS ETF – Bloomberg Barclays Euro Area Liquid Corporates UCITS ETF Annual report as of 31 December 2020
Schedule of Investments as at 31 December 2020 (Expressed in EUR)
Transferable securities listed on an Official Stock Exchange
Market % of
Quantity Value EUR Net Assets
Funds
Banks (0.18%)
State Street EUR Liquidity LVNAV Fund 167 165,044 0.18
Total Funds 165,044 0.18
TOTAL INVESTMENTS (Cost EUR 87,014,441) 90,717,617 99.08
Other net assets 840,835 0.92
TOTAL NET ASSETS 91,558,452 100.00
The accompanying notes form an integral part of these financial statements.
274
UBS ETF – Bloomberg Barclays EUR Treasury 1-10 UCITS ETF Annual report as of 31 December 2020
Schedule of Investments as at 31 December 2020 (Expressed in EUR)
Transferable securities listed on an Official Stock Exchange
Market % of
Nominal Value EUR Net Assets
Government Bonds
Sovereign Bonds (98.80%)
Bundesobligation 08/04/2022 (zero coupon) 1,475,000 1,488,570 0.41
Bundesobligation 07/10/2022 (zero coupon) 1,420,000 1,437,778 0.40
Bundesobligation 14/04/2023 (zero coupon) 1,367,000 1,390,923 0.39
Bundesobligation 13/10/2023 (zero coupon) 1,500,000 1,532,370 0.43
Bundesobligation 05/04/2024 (zero coupon) 1,450,000 1,487,033 0.41
Bundesobligation 18/10/2024 (zero coupon) 1,600,000 1,646,624 0.46
Bundesobligation 11/04/2025 (zero coupon) 1,362,000 1,406,674 0.39
Bundesobligation 10/10/2025 (zero coupon) 1,800,000 1,864,944 0.52
Bundesrepublik Deutschland Bundesanleihe 2.000% 04/01/2022 1,300,000 1,336,322 0.37
Bundesrepublik Deutschland Bundesanleihe 1.750% 04/07/2022 2,138,000 2,217,747 0.62
Bundesrepublik Deutschland Bundesanleihe 1.500% 04/09/2022 1,689,700 1,753,959 0.49
Bundesrepublik Deutschland Bundesanleihe 1.500% 15/02/2023 1,700,000 1,782,059 0.50
Bundesrepublik Deutschland Bundesanleihe 1.500% 15/05/2023 1,772,000 1,867,741 0.52
Bundesrepublik Deutschland Bundesanleihe 2.000% 15/08/2023 1,358,200 1,457,647 0.41
Bundesrepublik Deutschland Bundesanleihe 6.250% 04/01/2024 700,000 850,087 0.24
Bundesrepublik Deutschland Bundesanleihe 1.750% 15/02/2024 1,829,400 1,974,892 0.55
Bundesrepublik Deutschland Bundesanleihe 1.500% 15/05/2024 1,800,000 1,939,356 0.54
Bundesrepublik Deutschland Bundesanleihe 1.000% 15/08/2024 1,800,000 1,916,838 0.53
Bundesrepublik Deutschland Bundesanleihe 0.500% 15/02/2025 2,284,600 2,405,135 0.67
Bundesrepublik Deutschland Bundesanleihe 1.000% 15/08/2025 1,850,000 2,002,791 0.56
Bundesrepublik Deutschland Bundesanleihe 0.500% 15/02/2026 1,995,000 2,124,894 0.59
Bundesrepublik Deutschland Bundesanleihe 15/08/2026 (zero coupon) 2,225,000 2,319,718 0.65
Bundesrepublik Deutschland Bundesanleihe 0.250% 15/02/2027 2,354,100 2,499,113 0.70
Bundesrepublik Deutschland Bundesanleihe 6.500% 04/07/2027 850,000 1,261,783 0.35
Bundesrepublik Deutschland Bundesanleihe 0.500% 15/08/2027 2,050,000 2,219,330 0.62
Bundesrepublik Deutschland Bundesanleihe 15/11/2027 (zero coupon) 1,525,000 1,599,481 0.44
Bundesrepublik Deutschland Bundesanleihe 5.625% 04/01/2028 1,405,600 2,050,560 0.57
Bundesrepublik Deutschland Bundesanleihe 0.500% 15/02/2028 1,750,000 1,903,615 0.53
Bundesrepublik Deutschland Bundesanleihe 4.750% 04/07/2028 925,000 1,316,997 0.37
Bundesrepublik Deutschland Bundesanleihe 0.250% 15/08/2028 1,700,000 1,823,760 0.51
Bundesrepublik Deutschland Bundesanleihe 0.250% 15/02/2029 1,750,000 1,882,632 0.52
Bundesrepublik Deutschland Bundesanleihe 15/08/2029 (zero coupon) 1,970,000 2,080,123 0.58
Bundesrepublik Deutschland Bundesanleihe 6.250% 04/01/2030 825,000 1,356,028 0.38
Bundesrepublik Deutschland Bundesanleihe 15/02/2030 (zero coupon) 1,895,000 2,002,257 0.56
Bundesrepublik Deutschland Bundesanleihe 15/08/2030 (zero coupon) 500,000 530,430 0.15
Bundesrepublik Deutschland Bundesanleihe - DE 15/08/2030 (zero coupon) 2,050,000 2,166,583 0.60
Bundesschatzanweisungen 11/03/2022 (zero coupon) 1,200,000 1,210,152 0.34
Bundesschatzanweisungen 10/06/2022 (zero coupon) 1,175,000 1,186,891 0.33
Bundesschatzanweisungen 16/09/2022 (zero coupon) 1,000,000 1,012,260 0.28
Cyprus Government International Bond 2.750% 27/06/2024 561,000 617,515 0.17
Finland Government Bond 15/04/2022 (zero coupon) 300,000 302,829 0.08
Finland Government Bond 1.625% 15/09/2022 410,000 426,740 0.12
Finland Government Bond 1.500% 15/04/2023 450,000 473,166 0.13
Finland Government Bond 15/09/2023 (zero coupon) 190,000 193,855 0.05
Finland Government Bond 2.000% 15/04/2024 300,000 327,411 0.09
Finland Government Bond 15/09/2024 (zero coupon) 500,000 513,820 0.14
Finland Government Bond 4.000% 04/07/2025 550,000 669,466 0.19
Finland Government Bond 0.875% 15/09/2025 315,000 339,179 0.09
Finland Government Bond 0.500% 15/04/2026 250,000 266,158 0.07
Finland Government Bond 0.500% 15/09/2027 550,000 592,383 0.16
Finland Government Bond 2.750% 04/07/2028 284,000 356,872 0.10
Finland Government Bond 0.500% 15/09/2028 346,000 374,936 0.10
Finland Government Bond 0.500% 15/09/2029 450,000 490,059 0.14
Finland Government Bond 15/09/2030 (zero coupon) 400,000 417,004 0.12
French Republic Government Bond OAT 25/02/2022 (zero coupon) 1,600,000 1,613,232 0.45
French Republic Government Bond OAT 3.000% 25/04/2022 3,325,000 3,486,861 0.97
French Republic Government Bond OAT 8.250% 25/04/2022 100,000 111,910 0.03
French Republic Government Bond OAT 25/05/2022 (zero coupon) 2,416,000 2,440,426 0.68
French Republic Government Bond OAT 2.250% 25/10/2022 2,425,000 2,557,381 0.71
French Republic Government Bond OAT 25/02/2023 (zero coupon) 1,050,000 1,066,506 0.30
French Republic Government Bond OAT 25/03/2023 (zero coupon) 3,093,000 3,143,756 0.87
French Republic Government Bond OAT 8.500% 25/04/2023 766,400 931,038 0.26
French Republic Government Bond OAT - DE 1.750% 25/05/2023 2,440,000 2,585,717 0.72
French Republic Government Bond OAT - FR 1.750% 25/05/2023 900,000 953,748 0.27
The accompanying notes form an integral part of these financial statements.
275
UBS ETF – Bloomberg Barclays EUR Treasury 1-10 UCITS ETF Annual report as of 31 December 2020
Schedule of Investments as at 31 December 2020 (Expressed in EUR)
Transferable securities listed on an Official Stock Exchange
Market % of
Nominal Value EUR Net Assets
Sovereign Bonds (98.80%) (continued)
French Republic Government Bond OAT - DE 4.250% 25/10/2023 2,473,800 2,824,684 0.79
French Republic Government Bond OAT - FR 4.250% 25/10/2023