# Jupiter Financial Innovation
Schedule of Investments as at 31 March 2021 (continued)
| Forward Currency Exchange Contracts |
| --- |
| Currency Purchased | Amount Purchased | Currency Sold | Amount Sold | Maturity Date | Counterparty | Unrealised Gain/(Loss) EUR | % of Net Assets |
| EUR | 3,088 | USD | 3,622 | 01/04/2021 | J.P. Morgan | 2 | – |
| EUR | 10,425 | USD | 12,190 | 06/04/2021 | J.P. Morgan | 37 | – |
| EUR | 32,381 | USD | 37,981 | 15/04/2021 | J.P. Morgan | 21 | – |
| USD | 3,635,220 | EUR | 3,055,385 | 15/04/2021 | J.P. Morgan | 41,793 | 0.05 |
| Total Unrealised Gain on Forward Currency Exchange Contracts - Assets	41,853	0.05 |
| EUR | 835 | USD | 983 | 01/04/2021 | J.P. Morgan | (3) | – |
| EUR | 204,364 | USD | 242,546 | 15/04/2021 | J.P. Morgan | (2,283) | – |
| GBP | 789 | USD | 1,089 | 01/04/2021 | J.P. Morgan | (3) | – |
| GBP | 2,025 | USD | 2,789 | 06/04/2021 | J.P. Morgan | (2) | – |
| USD | 44,294 | EUR | 37,764 | 01/04/2021 | J.P. Morgan | (19) | – |
| USD | 201,313 | EUR | 172,223 | 06/04/2021 | J.P. Morgan | (673) | – |
| USD | 1,110 | EUR | 946 | 15/04/2021 | J.P. Morgan | – | – |
| Total Unrealised Loss on Forward Currency Exchange Contracts - Liabilities | (2,983) | – |
| Net Unrealised Gain on Forward Currency Exchange Contracts - Assets | 38,870 | 0.05 |

| Contracts for Difference |  |
| --- | --- |
|  |  |  |  |  | Unrealised Gain/(Loss) | % of |
| Country | Security Description | Currency | Holdings | Counterparty | EUR | Net Assets |
| United States of America | Alliance Data Systems Corp. | USD | 20,048 | J.P. Morgan | 79,834 | 0.10 |
| United States of America | Ally Financial, Inc. | USD | 51,161 | J.P. Morgan | 2,787 | – |
| Total Unrealised Gain on Contracts for Difference - Assets |  |  |  | 82,621 | 0.10 |
| Cayman Islands	Kingsoft Cloud Holdings Ltd. | USD | 2,322 | J.P. Morgan | (21,073) | (0.03) |

United Kingdom	Draper Esprit plc	GBP	55,174 Bank of America Merrill Lynch
(19,412)	(0.03)
United States of America	Capital One Financial Corp.	USD	24,014	J.P. Morgan	(23,787)	(0.03)
| United States of America | Goldman Sachs Group, Inc. (The) | USD | 4,802 | J.P. Morgan | (39,836) | (0.05) |
| --- | --- | --- | --- | --- | --- | --- |
| United States of America | Morgan Stanley | USD | 12,648 | J.P. Morgan | (43,058) | (0.06) |
| United States of America | Morningstar, Inc. | USD | 7,873 | J.P. Morgan | (111,685) | (0.14) |
| United States of America | Regions Financial Corp. | USD | 47,030 | J.P. Morgan | (22,898) | (0.03) |
| United States of America | Sailpoint Technologies Holdings, Inc. | USD | 1,879 | J.P. Morgan | (11,335) | (0.01) |
| United States of America | Shift4 Payments, Inc. | USD | 7,834 | J.P. Morgan | (24,665) | (0.03) |
| United States of America | Twilio, Inc. | USD | 739 | J.P. Morgan | (25,611) | (0.03) |
| United States of America | WEX, Inc. | USD | 8,733 | J.P. Morgan | (23,504) | (0.03) |
| Total Unrealised Loss on Contracts for Difference - Liabilities | (366,864) | (0.47) |
| Net Unrealised Loss on Contracts for Difference - Liabilities | (284,243) | (0.37) |
| The accompanying notes form an integral part of these financial statements. |  |  |

| Jupiter Flexible Income |  |
| --- | --- |
| Schedule of Investments as at 31 March 2021 |  |  |  |  |
|  |  | Quantity/ Nominal | Market Value | % of |
| Investments | Currency | Value | EUR | Net Assets |
| Transferable securities and money market instruments admitted to an official exchange listing |  |  |  |  |
| Bonds |  |  |  |  |
| Argentina |  |  |  |  |
| Provincia de Cordoba, Reg. S 7.125% 10/12/2025 | USD | 458,051 | 264,155 | 0.28 |
|  |  |  | 264,155 | 0.28 |
| Belgium |  |  |  |  |
| House of HR, Reg. S 7.5% 15/01/2027 | EUR | 205,000 | 219,909 | 0.23 |
|  |  |  | 219,909 | 0.23 |
| Bermuda |  |  |  |  |
| Lancashire Holdings Ltd., Reg. S 5.625% 18/09/2041 | USD | 221,000 | 189,008 | 0.20 |
|  |  |  | 189,008 | 0.20 |
| Canada |  |  |  |  |
| Bombardier, Inc., Reg. S 6.125% 15/05/2021 | EUR | 400,000 | 401,143 | 0.42 |
|  |  |  | 401,143 | 0.42 |
| Czech Republic |  |  |  |  |
| Energo-Pro A/S, Reg. S 4% 07/12/2022 | EUR | 200,000 | 198,306 | 0.21 |
| Energo-Pro A/S, Reg. S 4.5% 04/05/2024 | EUR | 300,000 | 295,545 | 0.31 |
|  |  |  | 493,851 | 0.52 |
| Ecuador |  |  |  |  |
| Ecuador Government Bond, Reg. S 0% 31/07/2030 | USD | 35,430 | 12,228 | 0.01 |
| Ecuador Government Bond, STEP, Reg. S 0.5% 31/07/2030 | USD | 113,400 | 56,773 | 0.06 |
| Ecuador Government Bond, STEP, Reg. S 0.5% 31/07/2035 | USD | 297,180 | 115,228 | 0.12 |
| Ecuador Government Bond, STEP, Reg. S 0.5% 31/07/2040 | USD | 136,200 | 50,489 | 0.06 |
|  |  |  | 234,718 | 0.25 |
| France |  |  |  |  |
| AXA SA, Reg. S 5.5% Perpetual | USD | 200,000 | 173,181 | 0.18 |
| AXA SA, Reg. S, FRN 5.625% 16/01/2054 | GBP | 100,000 | 147,482 | 0.16 |
| Banijay Group SAS, Reg. S 6.5% 01/03/2026 | EUR | 292,000 | 298,387 | 0.31 |
| Casino Guichard Perrachon SA, Reg. S 6.625% 15/01/2026 | EUR | 250,000 | 265,313 | 0.28 |
| Casino Guichard Perrachon SA, Reg. S 5.25% 15/04/2027 | EUR | 175,000 | 175,000 | 0.18 |
| CNP Assurances, Reg. S 0% Perpetual | USD | 400,000 | 341,576 | 0.36 |
| Electricite de France SA, Reg. S, FRN 6% Perpetual | GBP | 200,000 | 264,201 | 0.28 |
| Goldstory SASU, Reg. S 5.375% 01/03/2026 | EUR | 172,000 | 176,569 | 0.19 |
| Laboratoire Eimer Selas, Reg. S 5% 01/02/2029 | EUR | 167,000 | 169,699 | 0.18 |
| Mobilux Finance SAS, Reg. S 5.5% 15/11/2024 | EUR | 165,000 | 167,574 | 0.18 |
| Newco GB SAS, Reg. S 8% 15/12/2022 | EUR | 444,898 | 444,903 | 0.47 |
| Parts Europe SA, Reg. S 6.5% 16/07/2025 | EUR | 357,000 | 374,911 | 0.39 |
| Societe Generale SA, Reg. S, FRN 7.375% Perpetual | USD | 400,000 | 348,946 | 0.37 |
| Tereos Finance Groupe I SA, Reg. S 7.5% 30/10/2025 | EUR | 300,000 | 326,199 | 0.34 |
|  |  |  | 3,673,941 | 3.87 |
| Germany |  |  |  |  |
| Safari Holding Verwaltungs GmbH, Reg. S 5.375% 30/11/2022 | EUR | 200,000 | 189,711 | 0.20 |
|  |  |  | 189,711 | 0.20 |
| The accompanying notes form an integral part of these financial statements. |  |  |  |  |

| Autostrade per l'Italia SpA, Reg. S 2% 15/01/2030 | EUR | 300,000 | 304,650 | 0.32 |
| --- | --- | --- | --- | --- |
| Banca Farmafactoring SpA, Reg. S, FRN 5.875% 02/03/2027 | EUR | 100,000 | 103,700 | 0.11 |
| Bormioli Pharma SpA, Reg. S, FRN 3.5% 15/11/2024 | EUR | 100,000 | 99,592 | 0.10 |
| FinecoBank Banca Fineco SpA, Reg. S, FRN 5.875% Perpetual | EUR | 200,000 | 214,500 | 0.23 |
| Gamma Bidco SpA, Reg. S 5.125% 15/07/2025 | EUR | 289,000 | 289,693 | 0.31 |
| Intesa Sanpaolo SpA, Reg. S, FRN 5.875% Perpetual | EUR | 500,000 | 562,187 | 0.59 |
| Pro-Gest SpA, Reg. S 3.25% 15/12/2024 | EUR | 400,000 | 381,160 | 0.40 |
| Rekeep SpA, Reg. S 7.25% 01/02/2026 | EUR | 368,000 | 394,459 | 0.42 |
| UniCredit SpA, Reg. S 4.625% 12/04/2027 | USD | 200,000 | 190,898 | 0.20 |
| UniCredit SpA, Reg. S, FRN 6.625% Perpetual | EUR | 200,000 | 215,578 | 0.23 |
|  |  |  | 2,960,268 | 3.12 |
| Ivory Coast |  |  |  |  |
| Ivory Coast Government Bond, STEP, Reg. S 5.75% 31/12/2032 | USD | 424,167 | 362,279 | 0.38 |

| Jupiter Flexible Income |  |  |  |  |
| --- | --- | --- | --- | --- |
| Schedule of Investments as at 31 March 2021 (continued) |  |  |  |  |
|  |  | Quantity/ Nominal | Market Value | % of |
| Investments | Currency | Value | EUR | Net Assets |
| Transferable securities and money market instruments admitted to an official exchange listing |  |  |  |  |
| Bonds |  |  |  |  |
| Ireland |  |  |  |  |
| AIB Group plc, Reg. S, FRN 6.25% Perpetual | EUR | 400,000 | 449,750 | 0.47 |
| Bank of Ireland Group plc, Reg. S, FRN 4.125% 19/09/2027 | USD | 434,000 | 378,510 | 0.40 |
| Beazley Insurance DAC, Reg. S 5.5% 10/09/2029 | USD | 403,000 | 376,104 | 0.40 |
|  |  |  | 1,204,364 | 1.27 |
| Italy |  |  |  |  |
| Almaviva-The Italian Innovation Co. SpA, Reg. S 7.25% 15/10/2022 | EUR | 200,000 | 203,851 | 0.21 |

|  | 362,279 | 0.38 |
| --- | --- | --- |
| Jersey |  |  |  |  |
| AA Bond Co. Ltd., Reg. S 6.5% 31/01/2026 | GBP | 243,000 | 294,395 | 0.31 |
| CPUK Finance Ltd., Reg. S 4.875% 28/02/2047 | GBP | 500,000 | 593,730 | 0.63 |
|  |  |  | 888,125 | 0.94 |
| Luxembourg |  |  |  |  |
| Altice France Holding SA, 144A 6% 15/02/2028 | USD | 500,000 | 418,345 | 0.44 |
| ARD Finance SA, Reg. S, FRN 5% 30/06/2027 | EUR | 400,000 | 409,794 | 0.43 |
| Cabot Financial Luxembourg SA, Reg. S 7.5% 01/10/2023 | GBP | 88,208 | 105,789 | 0.11 |
| Cidron Aida Finco Sarl, Reg. S 5% 01/04/2028 | EUR | 352,000 | 356,672 | 0.38 |
| CPI Property Group SA, Reg. S, FRN 4.875% Perpetual | EUR | 300,000 | 315,744 | 0.33 |
| Kleopatra Finco Sarl, Reg. S 4.25% 01/03/2026 | EUR | 105,000 | 105,077 | 0.11 |
| Kleopatra Holdings 2 SCA, Reg. S 6.5% 01/09/2026 | EUR | 218,000 | 210,735 | 0.22 |
| Motion Finco Sarl, Reg. S 7% 15/05/2025 | EUR | 100,000 | 105,709 | 0.11 |
| Picard Bondco SA, Reg. S 5.5% 30/11/2024 | EUR | 500,000 | 513,725 | 0.54 |
| Summer BC Holdco A Sarl, Reg. S 9.25% 31/10/2027 | EUR | 270,316 | 291,502 | 0.31 |
| Summer BC Holdco B SARL, Reg. S 5.75% 31/10/2026 | EUR | 204,000 | 215,317 | 0.23 |
| Takko Luxembourg 2 SCA, Reg. S 5.375% 15/11/2023 | EUR | 200,000 | 178,500 | 0.19 |
| Trafigura Funding SA, Reg. S 5.875% 23/09/2025 | USD | 300,000 | 268,098 | 0.28 |
|  |  |  | 3,495,007 | 3.68 |
| Marshall Islands |  |  |  |  |
| Danaos Corp., 144A 8.5% 01/03/2028 | USD | 332,000 | 300,773 | 0.32 |
|  |  |  | 300,773 | 0.32 |
| The accompanying notes form an integral part of these financial statements. |  |  |  |  |

| Jupiter Flexible Income |  |  |  |  |
| --- | --- | --- | --- | --- |
| Schedule of Investments as at 31 March 2021 (continued) |  |  |  |  |
|  |  | Quantity/ Nominal | Market Value | % of |
| Investments | Currency | Value | EUR | Net Assets |
| Transferable securities and money market instruments admitted to an official exchange listing |  |  |  |  |
| Bonds |  |  |  |  |
| Netherlands |  |  |  |  |
| CBR Fashion Finance BV, Reg. S 5.125% 01/10/2022 | EUR | 150,000 | 149,530 | 0.16 |
| IPD 3 BV, Reg. S 5.5% 01/12/2025 | EUR | 200,000 | 207,197 | 0.22 |
| Maxeda DIY Holding BV, Reg. S 5.875% 01/10/2026 | EUR | 449,000 | 465,406 | 0.49 |
| NN Group NV, Reg. S, FRN 4.5% Perpetual | EUR | 100,000 | 114,477 | 0.12 |
| Schoeller Packaging BV, Reg. S 6.375% 01/11/2024 | EUR | 400,000 | 417,540 | 0.44 |
| Sigma Holdco BV, Reg. S 5.75% 15/05/2026 | EUR | 300,000 | 289,608 | 0.30 |
|  |  |  | 1,643,758 | 1.73 |
| Singapore |  |  |  |  |
| Trafigura Group Pte. Ltd., Reg. S, FRN 7.5% Perpetual | EUR | 150,000 | 160,410 | 0.17 |
|  |  |  | 160,410 | 0.17 |
| Spain |  |  |  |  |
| Banco de Sabadell SA, Reg. S, FRN 5.375% 12/12/2028 | EUR | 100,000 | 109,151 | 0.11 |
| Banco Santander SA, Reg. S, FRN 6.25% Perpetual | EUR | 200,000 | 204,375 | 0.22 |
| Bankia SA, Reg. S, FRN 6% Perpetual | EUR | 200,000 | 209,500 | 0.22 |
| Bankia SA, Reg. S, FRN 6.375% Perpetual | EUR | 200,000 | 217,517 | 0.23 |
| International Consolidated Airlines Group SA,	EUR | 200,000 | 197,630 | 0.21 |
| Via Celere Desarrollos Inmobiliarios SA, Reg. S 5.25% 01/04/2026 | EUR | 169,000 | 172,793 | 0.18 |
|  |  |  | 1,110,966 | 1.17 |
| Supranational |  |  |  |  |
| GEMS MENASA Cayman Ltd., Reg. S 7.125% 31/07/2026 | USD | 500,000 | 445,417 | 0.47 |
|  |  |  | 445,417 | 0.47 |
| Switzerland |  |  |  |  |
| Credit Suisse Group AG, Reg. S, FRN 5.25% Perpetual | USD | 200,000 | 171,708 | 0.18 |
| Swiss Re Ltd., Reg. S, FRN 5.625% 15/08/2052 | USD | 400,000 | 386,400 | 0.41 |
| UBS Group AG, FRN, 144A 7% Perpetual | USD | 400,000 | 374,775 | 0.39 |
|  |  |  | 932,883 | 0.98 |
| United Kingdom |  |  |  |  |
| Arrow Global Finance plc, Reg. S 5.125% 15/09/2024 | GBP | 333,000 | 394,609 | 0.42 |
| Aviva plc, Reg. S, FRN 4% 03/06/2055 | GBP | 100,000 | 128,622 | 0.14 |
| Barclays plc 4.836% 09/05/2028 | USD | 200,000 | 190,288 | 0.20 |
| Barclays plc, FRN 5.088% 20/06/2030 | USD | 200,000 | 193,431 | 0.20 |
| Boparan Finance plc, Reg. S 7.625% 30/11/2025 | GBP | 500,000 | 580,406 | 0.61 |
| Coventry Building Society, Reg. S, FRN 6.875% Perpetual | GBP | 400,000 | 525,140 | 0.55 |
| Direct Line Insurance Group plc, Reg. S 4% 05/06/2032 | GBP | 200,000 | 260,971 | 0.27 |
| EnQuest plc, Reg. S, FRN, 144A 7% 15/10/2023 | USD | 200,000 | 147,209 | 0.15 |
| Gazprom PJSC, Reg. S 3.897% Perpetual | EUR | 200,000 | 202,278 | 0.21 |
| HSBC Holdings plc 4% Perpetual | USD | 200,000 | 170,805 | 0.18 |
| HSBC Holdings plc, Reg. S, FRN 5.25% Perpetual | EUR | 200,000 | 209,891 | 0.22 |
| Iceland Bondco plc, Reg. S 4.625% 15/03/2025 | GBP | 255,000 | 296,447 | 0.31 |
| Investec Bank plc, Reg. S, FRN 4.25% 24/07/2028 | GBP | 124,000 | 152,999 | 0.16 |
| Legal & General Group plc, Reg. S, FRN 4.5% 01/11/2050 | GBP | 100,000 | 130,783 | 0.14 |
| Marston's Issuer plc, Reg. S, FRN 2.581% 16/07/2035 | GBP | 300,000 | 280,298 | 0.30 |
| Modulaire Global Finance plc, 144A 8% 15/02/2023 | USD | 375,000 | 326,943 | 0.34 |
| The accompanying notes form an integral part of these financial statements. |  |  |  |  |

Reg. S 2.75% 25/03/2025
| Jupiter Flexible Income |  |  |  |  |
| --- | --- | --- | --- | --- |
| Schedule of Investments as at 31 March 2021 (continued) |  |  |  |  |
|  |  | Quantity/ Nominal | Market Value | % of |
| Investments | Currency | Value | EUR | Net Assets |
| Transferable securities and money market instruments admitted to an official exchange listing |  |  |  |  |
| Bonds |  |  |  |  |
| United Kingdom (continued) |  |  |  |  |
| National Express Group plc, Reg. S 4.25% 31/12/2164 | GBP | 169,000 | 205,358 | 0.22 |
| Nationwide Building Society, Reg. S, FRN 5.75% Perpetual | GBP | 200,000 | 258,895 | 0.27 |
| Nationwide Building Society, Reg. S, FRN 10.25% Perpetual | GBP | 60,500 | 129,847 | 0.14 |
| Natwest Group plc 4.5% Perpetual | GBP | 239,000 | 280,131 | 0.30 |
| Natwest Group plc, FRN 6% Perpetual | USD | 200,000 | 188,752 | 0.20 |
| Natwest Group plc, FRN 7.648% Perpetual | USD | 126,000 | 157,644 | 0.17 |
| Natwest Group plc, Reg. S, FRN 3.622% 14/08/2030 | GBP | 154,000 | 192,681 | 0.20 |
| Neptune Energy Bondco plc, Reg. S 6.625% 15/05/2025 | USD | 400,000 | 342,991 | 0.36 |
| Newday Bondco plc, Reg. S 7.375% 01/02/2024 | GBP | 300,000 | 351,854 | 0.37 |
| Pension Insurance Corp. plc, FRN 7.375% Perpetual | GBP | 200,000 | 280,141 | 0.30 |
| Pension Insurance Corp. plc, Reg. S 8% 23/11/2026 | GBP | 100,000 | 151,594 | 0.16 |
| Pinnacle Bidco plc, Reg. S 5.5% 15/02/2025 | EUR | 439,000 | 445,794 | 0.47 |
| Prudential plc, Reg. S 4.375% Perpetual | USD | 200,000 | 170,852 | 0.18 |
| RAC Bond Co. plc, Reg. S 5% 06/05/2046 | GBP | 450,000 | 531,136 | 0.56 |
| RL Finance Bonds NO 4 plc, Reg. S, FRN 4.875% 07/10/2049 | GBP | 207,000 | 268,333 | 0.28 |
| Santander UK Group Holdings plc, Reg. S, FRN 6.75% Perpetual | GBP | 200,000 | 255,084 | 0.27 |
| TP ICAP Ltd., Reg. S 5.25% 29/05/2026 | GBP | 120,000 | 160,120 | 0.17 |
| Unique Pub Finance Co. plc (The), Reg. S 6.464% 30/03/2032 | GBP | 300,000 | 370,330 | 0.39 |
| Very Group Funding plc (The), Reg. S 7.75% 15/11/2022 | GBP | 400,000 | 475,589 | 0.50 |
| Virgin Money UK plc, Reg. S 4% 03/09/2027 | GBP | 130,000 | 167,755 | 0.18 |
| Virgin Money UK plc, Reg. S, FRN 7.875% 14/12/2028 | GBP | 100,000 | 134,231 | 0.14 |
|  |  |  | 9,710,232 | 10.23 |
| United States of America |  |  |  |  |
| CGG Holding US, Inc., 144A 9% 01/05/2023 | USD | 200,000 | 176,225 | 0.19 |
| CGG Holding US, Inc., Reg. S 7.875% 01/05/2023 | EUR | 100,000 | 102,605 | 0.11 |
| Encore Capital Group, Inc., Reg. S 5.375% 15/02/2026 | GBP | 235,000 | 288,381 | 0.30 |
| EQM Midstream Partners LP 5.5% 15/07/2028 | USD | 190,000 | 169,135 | 0.18 |
| Genesis Energy LP 6.5% 01/10/2025 | USD | 250,000 | 208,910 | 0.22 |
| Murphy Oil Corp. 6.875% 15/08/2024 | USD | 200,000 | 174,001 | 0.18 |
|  |  |  | 1,119,257 | 1.18 |
| Total Bonds |  |  | 30,000,175 | 31.61 |
| Equities |  |  |  |  |
| Australia |  |  |  |  |
| Dexus, REIT | AUD | 31,361 | 198,546 | 0.21 |
| Goodman Group, REIT | AUD | 25,692 | 302,217 | 0.32 |
| Scentre Group, REIT | AUD | 95,127 | 174,408 | 0.18 |
|  |  |  | 675,171 | 0.71 |
| Cayman Islands |  |  |  |  |
| China Evergrande Group | HKD | 101,000 | 164,073 | 0.17 |
| China Resources Land Ltd. | HKD | 58,000 | 239,205 | 0.25 |
| China Resources Mixc Lifestyle Services Ltd., Reg. S | HKD | 446 | 2,262 | – |
| CK Asset Holdings Ltd. | HKD | 37,000 | 191,734 | 0.20 |
| Country Garden Holdings Co. Ltd. | HKD | 179,000 | 195,719 | 0.21 |
| Wharf Real Estate Investment Co. Ltd. | HKD | 45,000 | 215,309 | 0.23 |
|  |  |  | 1,008,302 | 1.06 |
| The accompanying notes form an integral part of these financial statements. |  |  |  |  |

| Jupiter Flexible Income |  |  |  |  |
| --- | --- | --- | --- | --- |
| Schedule of Investments as at 31 March 2021 (continued) |  |  |  |  |
|  |  | Quantity/ Nominal | Market Value | % of |
| Investments | Currency | Value | EUR | Net Assets |
| Transferable securities and money market instruments admitted to an official exchange listing |  |  |  |  |
| Equities |  |  |  |  |
| Denmark |  |  |  |  |
| Novo Nordisk A/S 'B' | DKK | 4,778 | 278,438 | 0.29 |
| Tryg A/S | DKK | 4,786 | 96,749 | 0.10 |
| Tryg A/S Rights 14/04/2021 | DKK | 33,502 | 34,046 | 0.04 |
|  |  |  | 409,233 | 0.43 |
| Finland |  |  |  |  |
| UPM-Kymmene OYJ | EUR | 5,335 | 165,945 | 0.18 |
|  |  |  | 165,945 | 0.18 |
| France |  |  |  |  |
| Amundi SA, Reg. S | EUR | 1,372 | 94,428 | 0.10 |
| Cie Generale des Etablissements Michelin SCA | EUR | 805 | 103,382 | 0.11 |
| Edenred | EUR | 2,648 | 118,286 | 0.13 |
| Gecina SA, REIT | EUR | 1,474 | 172,826 | 0.18 |
| Pernod Ricard SA | EUR | 1,191 | 191,543 | 0.20 |
| Schneider Electric SE | EUR | 2,513 | 325,999 | 0.34 |
| SPIE SA | EUR | 5,128 | 105,073 | 0.11 |
| TOTAL SE | EUR | 4,924 | 195,249 | 0.21 |
| Vinci SA | EUR | 2,882 | 254,942 | 0.27 |
|  |  |  | 1,561,728 | 1.65 |
| Germany |  |  |  |  |
| Allianz SE | EUR | 1,287 | 280,115 | 0.30 |
| Deutsche Boerse AG | EUR | 1,814 | 254,549 | 0.27 |
| Deutsche Post AG | EUR | 5,160 | 241,333 | 0.25 |
| Deutsche Wohnen SE | EUR | 6,566 | 262,903 | 0.28 |
| Infineon Technologies AG | EUR | 4,947 | 177,474 | 0.19 |
| Knorr-Bremse AG | EUR | 857 | 91,982 | 0.10 |
| RWE AG | EUR | 6,721 | 220,953 | 0.23 |
| Siemens AG | EUR | 1,400 | 197,358 | 0.21 |
| Siemens Healthineers AG, Reg. S | EUR | 2,559 | 117,771 | 0.12 |
| Talanx AG | EUR | 2,834 | 103,328 | 0.11 |
| Vonovia SE | EUR | 8,075 | 449,697 | 0.47 |
|  |  |  | 2,397,463 | 2.53 |
| Greece |  |  |  |  |
| Hellenic Telecommunications Organization SA | EUR | 9,365 | 127,036 | 0.13 |
| OPAP SA | EUR | 12,671 | 146,667 | 0.16 |
|  |  |  | 273,703 | 0.29 |
| Guernsey |  |  |  |  |
| JPMorgan Global Core Real Assets Ltd. (The) Fund | GBP | 541,509 | 593,166 | 0.63 |
|  |  |  | 593,166 | 0.63 |
| Hong Kong |  |  |  |  |
| China Overseas Land & Investment Ltd. | HKD | 74,500 | 164,754 | 0.17 |
| Link REIT | HKD | 24,300 | 188,651 | 0.20 |
| Sun Hung Kai Properties Ltd. | HKD | 17,500 | 226,161 | 0.24 |
|  |  |  | 579,566 | 0.61 |

| Jupiter Flexible Income |  |  |  |  |
| --- | --- | --- | --- | --- |
| Schedule of Investments as at 31 March 2021 (continued) |  |  |  |  |
|  |  | Quantity/ Nominal | Market Value | % of |
| Investments | Currency | Value | EUR | Net Assets |
| Transferable securities and money market instruments admitted to an official exchange listing |  |  |  |  |
| Equities |  |  |  |  |
| Ireland |  |  |  |  |
| CRH plc | GBP | 2,769 | 111,470 | 0.12 |
| Linde plc | EUR | 663 | 157,562 | 0.16 |
|  |  |  | 269,032 | 0.28 |
| Isle of Man |  |  |  |  |
| Entain plc | GBP | 9,526 | 170,654 | 0.18 |
|  |  |  | 170,654 | 0.18 |
| Italy |  |  |  |  |
| Banca Generali SpA | EUR | 3,988 | 120,637 | 0.12 |
| doValue SpA, Reg. S | EUR | 4,690 | 48,635 | 0.05 |
| Enel SpA | EUR | 24,368 | 206,056 | 0.22 |
| MARR SpA | EUR | 6,472 | 121,738 | 0.13 |
|  |  |  | 497,066 | 0.52 |
| Japan |  |  |  |  |
| Aruhi Corp. | JPY | 5,500 | 76,486 | 0.08 |
| Asahi Intecc Co. Ltd. | JPY | 3,300 | 77,566 | 0.08 |
| Bridgestone Corp. | JPY | 5,000 | 172,427 | 0.18 |
| Daifuku Co. Ltd. | JPY | 1,200 | 100,211 | 0.11 |
| Direct Marketing MiX, Inc. | JPY | 1,800 | 47,056 | 0.05 |
| eGuarantee, Inc. | JPY | 2,300 | 36,988 | 0.04 |
| Hazama Ando Corp. | JPY | 26,000 | 170,275 | 0.18 |
| Insource Co. Ltd. | JPY | 3,500 | 62,283 | 0.07 |
| Iriso Electronics Co. Ltd. | JPY | 1,900 | 72,274 | 0.08 |
| Jeol Ltd. | JPY | 2,500 | 84,558 | 0.09 |
| JMDC, Inc. | JPY | 1,500 | 60,350 | 0.06 |
| Katitas Co. Ltd. | JPY | 2,900 | 69,057 | 0.07 |
| KDDI Corp. | JPY | 5,800 | 151,603 | 0.16 |
| KH Neochem Co. Ltd. | JPY | 4,000 | 86,304 | 0.09 |
| Mitsubishi Estate Co. Ltd. | JPY | 13,600 | 202,351 | 0.21 |
| Mitsui Fudosan Co. Ltd. | JPY | 10,000 | 193,680 | 0.20 |
| Nakanishi, Inc. | JPY | 4,700 | 83,710 | 0.09 |
| NEC Corp. | JPY | 1,900 | 95,317 | 0.10 |
| Nippon Densetsu Kogyo Co. Ltd. | JPY | 3,300 | 49,246 | 0.05 |
| Nitto Denko Corp. | JPY | 1,000 | 72,960 | 0.08 |
| Nomura Co. Ltd. | JPY | 8,600 | 60,891 | 0.06 |
| ORIX Corp. | JPY | 13,000 | 186,992 | 0.20 |
| Pan Pacific International Holdings Corp. | JPY | 3,200 | 64,361 | 0.07 |
| Plaid, Inc. | JPY | 800 | 22,392 | 0.02 |
| Prestige International, Inc. | JPY | 9,000 | 57,001 | 0.06 |
| Recruit Holdings Co. Ltd. | JPY | 2,800 | 116,481 | 0.12 |
| Retty, Inc. | JPY | 3,500 | 42,313 | 0.05 |
| Roland Corp. | JPY | 3,100 | 95,721 | 0.10 |
| Sekisui House Ltd. | JPY | 4,300 | 78,705 | 0.08 |
| Shin-Etsu Chemical Co. Ltd. | JPY | 600 | 86,038 | 0.09 |
| Ship Healthcare Holdings, Inc. | JPY | 2,800 | 67,107 | 0.07 |
| The accompanying notes form an integral part of these financial statements. |  |  |  |  |

| Jupiter Flexible Income |  |  |  |  |
| --- | --- | --- | --- | --- |
| Schedule of Investments as at 31 March 2021 (continued) |  |  |  |  |
|  |  | Quantity/ Nominal | Market Value | % of |
| Investments | Currency | Value | EUR | Net Assets |
| Transferable securities and money market instruments admitted to an official exchange listing |  |  |  |  |
| Equities |  |  |  |  |
| Japan (continued) |  |  |  |  |
| SoftBank Corp. | JPY | 15,700 | 174,177 | 0.18 |
| Sony Corp. | JPY | 2,700 | 241,690 | 0.26 |
| Star Asia Investment Corp., REIT | JPY | 346 | 140,141 | 0.15 |
| Sumitomo Mitsui Financial Group, Inc. | JPY | 6,600 | 203,743 | 0.22 |
| Sumitomo Realty & Development Co. Ltd. | JPY | 7,300 | 219,871 | 0.23 |
| Takeda Pharmaceutical Co. Ltd. | JPY | 5,300 | 162,673 | 0.17 |
| TechnoPro Holdings, Inc. | JPY | 1,000 | 70,765 | 0.07 |
| Tokio Marine Holdings, Inc. | JPY | 2,700 | 109,608 | 0.12 |
| Tokyo Electron Ltd. | JPY | 300 | 108,019 | 0.11 |
| Toyota Motor Corp. | JPY | 4,100 | 272,315 | 0.29 |
| Tsubaki Nakashima Co. Ltd. | JPY | 1,800 | 23,542 | 0.03 |
| WealthNavi, Inc. | JPY | 1,500 | 41,697 | 0.04 |
| WingArc1st, Inc. | JPY | 3,200 | 48,086 | 0.05 |
| Zenkoku Hosho Co. Ltd. | JPY | 1,500 | 58,733 | 0.06 |
|  |  |  | 4,717,764 | 4.97 |
| Jersey |  |  |  |  |
| Digital 9 Infrastructure plc | GBP | 1,600,000 | 1,890,552 | 1.99 |
| Glencore plc | GBP | 83,489 | 278,889 | 0.30 |
| IWG plc | GBP | 24,150 | 95,930 | 0.10 |
| WPP plc | GBP | 13,082 | 144,512 | 0.15 |
|  |  |  | 2,409,883 | 2.54 |
| Luxembourg |  |  |  |  |
| APERAM SA | EUR | 3,079 | 118,618 | 0.13 |
|  |  |  | 118,618 | 0.13 |
| Netherlands |  |  |  |  |
| Flow Traders, Reg. S | EUR | 3,633 | 131,188 | 0.14 |
| Wolters Kluwer NV | EUR | 1,690 | 125,381 | 0.13 |
|  |  |  | 256,569 | 0.27 |
| Norway |  |  |  |  |
| Telenor ASA | NOK | 14,790 | 222,174 | 0.23 |
|  |  |  | 222,174 | 0.23 |
| Portugal |  |  |  |  |
| EDP - Energias de Portugal SA | EUR | 47,748 | 231,984 | 0.24 |
|  |  |  | 231,984 | 0.24 |
| Spain |  |  |  |  |
| Amadeus IT Group SA | EUR | 2,416 | 145,806 | 0.15 |
| Industria de Diseno Textil SA | EUR | 3,220 | 90,836 | 0.10 |
|  |  |  | 236,642 | 0.25 |
| Supranational |  |  |  |  |
| Unibail-Rodamco-Westfield, REIT | EUR | 1,613 | 112,464 | 0.12 |
|  |  |  | 112,464 | 0.12 |

| Jupiter Flexible Income |  |  |  |  |
| --- | --- | --- | --- | --- |
| Schedule of Investments as at 31 March 2021 (continued) |  |  |  |  |
|  |  | Quantity/ Nominal | Market Value | % of |
| Investments | Currency | Value | EUR | Net Assets |
| Transferable securities and money market instruments admitted to an official exchange listing |  |  |  |  |
| Equities |  |  |  |  |
| Sweden |  |  |  |  |
| Atlas Copco AB 'A' | SEK | 3,329 | 172,923 | 0.18 |
| Coor Service Management Holding AB, Reg. S | SEK | 19,627 | 136,006 | 0.14 |
| Essity AB 'B' | SEK | 7,556 | 203,341 | 0.22 |
| Nobina AB, Reg. S | SEK | 15,002 | 108,138 | 0.11 |
| Svenska Handelsbanken AB 'A' | SEK | 13,949 | 130,098 | 0.14 |
| Tele2 AB 'B' | SEK | 12,418 | 142,557 | 0.15 |
|  |  |  | 893,063 | 0.94 |
| Switzerland |  |  |  |  |
| Nestle SA | CHF | 3,380 | 323,566 | 0.34 |
| Partners Group Holding AG | CHF | 182 | 198,525 | 0.21 |
| Roche Holding AG | CHF | 1,026 | 283,740 | 0.30 |
|  |  |  | 805,831 | 0.85 |
| United Kingdom |  |  |  |  |
| AstraZeneca plc | GBP | 2,206 | 187,727 | 0.20 |
| Atlantica Sustainable Infrastructure plc | USD | 1,129 | 33,779 | 0.04 |
| Aviva plc | GBP | 25,706 | 123,908 | 0.13 |
| Barclays plc | GBP | 134,121 | 297,040 | 0.31 |
| Biffa plc, Reg. S | GBP | 23,917 | 75,594 | 0.08 |
| BP plc | GBP | 76,920 | 268,989 | 0.28 |
| British American Tobacco plc | GBP | 4,715 | 153,174 | 0.16 |
| Centrica plc | GBP | 136,613 | 86,054 | 0.09 |
| Diversified Gas & Oil plc, Reg. S | GBP | 148,158 | 193,047 | 0.20 |
| Drax Group plc | GBP | 52,211 | 258,097 | 0.27 |
| DS Smith plc | GBP | 37,623 | 182,057 | 0.19 |
| Dunelm Group plc | GBP | 7,197 | 110,488 | 0.12 |
| GlaxoSmithKline plc | GBP | 16,284 | 247,241 | 0.26 |
| HSBC Holdings plc | GBP | 21,683 | 109,088 | 0.11 |
| Ibstock plc, Reg. S | GBP | 34,375 | 89,660 | 0.09 |
| IMI plc | GBP | 4,789 | 75,262 | 0.08 |
| Imperial Brands plc | GBP | 12,287 | 216,225 | 0.23 |
| Land Securities Group plc, REIT | GBP | 21,472 | 177,145 | 0.19 |
| Melrose Industries plc | GBP | 43,011 | 86,107 | 0.09 |
| Micro Focus International plc | GBP | 18,279 | 120,672 | 0.13 |
| National Express Group plc | GBP | 49,717 | 182,096 | 0.19 |
| NCC Group plc | GBP | 18,079 | 55,128 | 0.06 |
| Phoenix Group Holdings plc | GBP | 11,049 | 95,943 | 0.10 |
| Prudential plc | GBP | 8,043 | 146,728 | 0.15 |
| RELX plc | EUR | 11,787 | 252,890 | 0.27 |
| Rio Tinto plc | GBP | 3,303 | 215,361 | 0.23 |
| Rotork plc | GBP | 26,530 | 111,856 | 0.12 |
| Royal Dutch Shell plc 'B' | GBP | 13,625 | 215,242 | 0.23 |
| Sage Group plc (The) | GBP | 20,533 | 146,413 | 0.15 |
| Secure Income REIT plc | GBP | 21,614 | 91,193 | 0.10 |
| Segro plc, REIT | GBP | 22,627 | 252,074 | 0.27 |
| The accompanying notes form an integral part of these financial statements. |  |  |  |  |

| Jupiter Flexible Income |  |  |  |  |
| --- | --- | --- | --- | --- |
| Schedule of Investments as at 31 March 2021 (continued) |  |  |  |  |
|  |  | Quantity/ Nominal | Market Value | % of |
| Investments | Currency | Value | EUR | Net Assets |
| Transferable securities and money market instruments admitted to an official exchange listing |  |  |  |  |
| Equities |  |  |  |  |
| United Kingdom (continued) |  |  |  |  |
| Smith & Nephew plc | GBP | 7,184 | 116,270 | 0.12 |
| SSE plc | GBP | 9,929 | 169,402 | 0.18 |
| SSP Group plc | GBP | 18,045 | 77,330 | 0.08 |
| St James's Place plc | GBP | 9,417 | 140,980 | 0.15 |
| Standard Chartered plc | GBP | 26,839 | 158,580 | 0.17 |
| Synthomer plc | GBP | 16,146 | 88,393 | 0.09 |
| Tate & Lyle plc | GBP | 9,613 | 87,036 | 0.09 |
| Taylor Wimpey plc | GBP | 87,982 | 187,204 | 0.20 |
| Tesco plc | GBP | 56,801 | 153,417 | 0.16 |
| THG Holdings Ltd. | GBP | 8,165 | 60,161 | 0.06 |
| Unilever plc | EUR | 5,164 | 248,001 | 0.26 |
| Virgin Money UK plc | GBP | 57,927 | 130,014 | 0.14 |
| Vodafone Group plc | GBP | 111,714 | 175,106 | 0.18 |
| WH Smith plc | GBP | 5,804 | 125,043 | 0.13 |
| Whitbread plc | GBP | 5,264 | 213,576 | 0.23 |
|  |  |  | 6,986,791 | 7.36 |
| United States of America |  |  |  |  |
| Abbott Laboratories | USD | 907 | 92,570 | 0.10 |
| AllianceBernstein Holding LP | USD | 1,954 | 66,163 | 0.07 |
| Amazon.com, Inc. | USD | 24 | 62,488 | 0.07 |
| Amphenol Corp. 'A' | USD | 1,270 | 71,021 | 0.07 |
| Apple, Inc. | USD | 1,128 | 115,323 | 0.12 |
| Applied Materials, Inc. | USD | 624 | 67,449 | 0.07 |
| BlackRock, Inc. | USD | 55 | 35,119 | 0.04 |
| Blackstone Group, Inc. (The) 'A' | USD | 294 | 18,601 | 0.02 |
| Cadence Design Systems, Inc. | USD | 308 | 34,363 | 0.04 |
| CME Group, Inc. | USD | 573 | 100,071 | 0.11 |
| Constellation Brands, Inc. 'A' | USD | 279 | 55,629 | 0.06 |
| Dollar General Corp. | USD | 257 | 44,209 | 0.05 |
| Emerson Electric Co. | USD | 1,113 | 86,484 | 0.09 |
| Energy Transfer LP | USD | 5,893 | 38,944 | 0.04 |
| Enterprise Products Partners LP | USD | 2,273 | 43,300 | 0.05 |
| Fidelity National Information Services, Inc. | USD | 588 | 71,427 | 0.08 |
| Home Depot, Inc. (The) | USD | 115 | 29,899 | 0.03 |
| Intuitive Surgical, Inc. | USD | 39 | 24,158 | 0.03 |
| IQVIA Holdings, Inc. | USD | 465 | 75,640 | 0.08 |
| JPMorgan Chase & Co. | USD | 932 | 122,772 | 0.13 |
| Lockheed Martin Corp. | USD | 61 | 19,268 | 0.02 |
| Merck & Co., Inc. | USD | 1,231 | 80,741 | 0.08 |
| Microsoft Corp. | USD | 645 | 127,706 | 0.13 |
| Moody's Corp. | USD | 88 | 22,313 | 0.02 |
| NextEra Energy Partners LP | USD | 1,299 | 79,844 | 0.08 |
| NIKE, Inc. 'B' | USD | 572 | 64,850 | 0.07 |
| PayPal Holdings, Inc. | USD | 209 | 42,142 | 0.04 |

| Jupiter Flexible Income |  |  |  |  |
| --- | --- | --- | --- | --- |
| Schedule of Investments as at 31 March 2021 (continued) |  |  |  |  |
|  |  | Quantity/ | Market |  |
|  |  | Nominal | Value | % of |
| Investments | Currency | Value | EUR | Net Assets |
| Transferable securities and money market instruments |  |  |  |  |
| admitted to an official exchange listing |  |  |  |  |
| Equities |  |  |  |  |
| United States of America (continued) |  |  |  |  |
| PepsiCo, Inc. | USD | 376 | 45,684 | 0.05 |
| Procter & Gamble Co. (The) | USD | 268 | 30,953 | 0.03 |
| PTC, Inc. | USD | 242 | 27,251 | 0.03 |
| Rockwell Automation, Inc. | USD | 247 | 56,337 | 0.06 |
| Starwood Property Trust, Inc., REIT | USD | 2,783 | 59,087 | 0.06 |
| Thermo Fisher Scientific, Inc. | USD | 81 | 31,174 | 0.03 |
| TransUnion | USD | 575 | 43,940 | 0.05 |
| Visa, Inc. 'A' | USD | 524 | 94,679 | 0.10 |
| Walmart, Inc. | USD | 348 | 40,262 | 0.04 |
| Walt Disney Co. (The) | USD | 549 | 86,844 | 0.09 |
|  |  |  | 2,208,705 | 2.33 |
| Total Equities |  |  | 27,801,517 | 29.30 |
| Total Transferable securities and money market instruments admitted to an official exchange listing |  |  | 57,801,692 | 60.91 |
| Transferable securities and money market instruments |  |  |  |  |
| dealt in on another regulated market |  |  |  |  |
| Bonds |  |  |  |  |
| Argentina |  |  |  |  |
| Genneia SA, Reg. S 8.75% 20/01/2022 | USD | 360,000 | 273,094 | 0.29 |
|  |  |  | 273,094 | 0.29 |
| Brazil |  |  |  |  |
| Banco do Brasil SA, Reg. S, FRN 9% Perpetual | USD | 800,000 | 742,340 | 0.78 |
|  |  |  | 742,340 | 0.78 |
| Canada |  |  |  |  |
| GFL Environmental, Inc., 144A 8.5% 01/05/2027 | USD | 350,000 | 328,265 | 0.35 |
| IAMGOLD Corp., 144A 5.75% 15/10/2028 | USD | 400,000 | 344,695 | 0.36 |
| Seven Generations Energy Ltd., 144A 6.875% 30/06/2023 | USD | 97,000 | 83,993 | 0.09 |
| Seven Generations Energy Ltd., 144A 5.375% 30/09/2025 | USD | 240,000 | 213,081 | 0.22 |
|  |  |  | 970,034 | 1.02 |
| Cayman Islands |  |  |  |  |
| Transocean Phoenix 2 Ltd., 144A 7.75% 15/10/2024 | USD | 120,000 | 100,980 | 0.11 |
|  |  |  | 100,980 | 0.11 |
| France |  |  |  |  |
| Societe Generale SA, Reg. S 5.375% 31/12/2164 | USD | 200,000 | 174,265 | 0.18 |
|  |  |  | 174,265 | 0.18 |
| Italy |  |  |  |  |
| Intesa Sanpaolo SpA, 144A 3.875% 14/07/2027 | USD | 200,000 | 184,615 | 0.20 |
| UniCredit SpA, FRN, 144A 5.459% 30/06/2035 | USD | 200,000 | 180,275 | 0.19 |
|  |  |  | 364,890 | 0.39 |
| Luxembourg |  |  |  |  |
| Cirsa Finance International Sarl, 144A 7.875% 20/12/2023 | USD | 300,000 | 260,023 | 0.27 |
| FAGE International SA, 144A 5.625% 15/08/2026 | USD | 500,000 | 440,456 | 0.47 |
|  |  |  | 700,479 | 0.74 |
| The accompanying notes form an integral part of these financial statements. |  |  |  |  |

| Jupiter Flexible Income |  |  |  |  |
| --- | --- | --- | --- | --- |
| Schedule of Investments as at 31 March 2021 (continued) |  |  |  |  |
|  |  | Quantity/ Nominal | Market Value | % of |
| Investments | Currency | Value | EUR | Net Assets |
| Transferable securities and money market instruments admitted to an official exchange listing |  |  |  |  |
| Bonds |  |  |  |  |
| Supranational |  |  |  |  |
| JBS USA LUX SA, Reg. S 5.5% 15/01/2030 | USD | 400,000 | 372,225 | 0.39 |
|  |  |  | 372,225 | 0.39 |
| Switzerland |  |  |  |  |
| Credit Suisse Group AG, Reg. S 4.282% 09/01/2028 | USD | 250,000 | 234,464 | 0.25 |
| Credit Suisse Group AG, Reg. S, FRN 7.25% Perpetual | USD | 200,000 | 184,609 | 0.19 |
|  |  |  | 419,073 | 0.44 |
| United Kingdom |  |  |  |  |
| Barclays Bank plc, FRN 6.278% Perpetual | USD | 150,000 | 162,015 | 0.17 |
| Merlin Entertainments Ltd., 144A 5.75% 15/06/2026 | USD | 300,000 | 271,255 | 0.29 |
| Natwest Group plc, FRN 8.625% Perpetual | USD | 200,000 | 174,857 | 0.18 |
|  |  |  | 608,127 | 0.64 |
| United States of America |  |  |  |  |
| Albertsons Cos., Inc., 144A 4.875% 15/02/2030 | USD | 500,000 | 438,219 | 0.46 |
| Allied Universal Holdco LLC, 144A 9.75% 15/07/2027 | USD | 300,000 | 281,655 | 0.30 |
| American Airlines Group, Inc., 144A 5% 01/06/2022 | USD | 700,000 | 588,304 | 0.62 |
| APX Group, Inc. 7.875% 01/12/2022 | USD | 89,000 | 76,268 | 0.08 |
| Bank of America Corp., FRN 5.875% Perpetual | USD | 327,000 | 305,474 | 0.32 |
| Capitol Investment Merger Sub 2 LLC, 144A 10% 01/08/2024 | USD | 400,000 | 368,436 | 0.39 |
| CCO Holdings LLC, 144A 4.5% 01/05/2032 | USD | 300,000 | 258,445 | 0.27 |
| Chobani LLC, 144A 7.5% 15/04/2025 | USD | 350,000 | 310,743 | 0.33 |
| Citigroup, Inc., FRN 4.289% Perpetual | USD | 100,000 | 85,684 | 0.09 |
| Citigroup, Inc., FRN 5.9% Perpetual | USD | 200,000 | 179,767 | 0.19 |
| CommScope Technologies LLC, 144A 6% 15/06/2025 | USD | 300,000 | 261,155 | 0.27 |
| Community Health Systems, Inc., 144A 6.875% 15/04/2029 | USD | 69,000 | 61,371 | 0.06 |
| CVR Energy, Inc., 144A 5.75% 15/02/2028 | USD | 400,000 | 328,445 | 0.35 |
| Del Monte Foods, Inc., 144A 11.875% 15/05/2025 | USD | 314,000 | 308,214 | 0.32 |
| Dole Food Co., Inc., 144A 7.25% 15/06/2025 | USD | 300,000 | 262,383 | 0.28 |
| Endure Digital, Inc., 144A 6% 15/02/2029 | USD | 162,000 | 134,715 | 0.14 |
| Enterprise Products Operating LLC 5.375% 15/02/2078 | USD | 400,000 | 338,391 | 0.36 |
| Fresh Market, Inc. (The), 144A 9.75% 01/05/2023 | USD | 300,000 | 263,475 | 0.28 |
| Goldman Sachs Group, Inc. (The), FRN 4.95% Perpetual | USD | 100,000 | 90,354 | 0.10 |
| Goldman Sachs Group, Inc. (The), FRN 5.3% Perpetual | USD | 150,000 | 141,244 | 0.15 |
| JPMorgan Chase & Co., FRN 3.682% Perpetual | USD | 100,000 | 84,999 | 0.09 |
| JPMorgan Chase & Co., FRN 6.1% Perpetual | USD | 431,000 | 397,985 | 0.42 |
| Kraft Heinz Foods Co. 4.375% 01/06/2046 | USD | 300,000 | 268,907 | 0.28 |
| Kronos Acquisition Holdings, Inc., 144A 5% 31/12/2026 | USD | 105,000 | 89,266 | 0.09 |
| Kronos Acquisition Holdings, Inc., 144A 7% 31/12/2027 | USD | 100,000 | 82,126 | 0.09 |
| Life Time, Inc., 144A 5.75% 15/01/2026 | USD | 203,000 | 177,960 | 0.19 |
| Life Time, Inc., 144A 8% 15/04/2026 | USD | 200,000 | 175,117 | 0.18 |
| LifePoint Health, Inc., 144A 5.375% 15/01/2029 | USD | 400,000 | 336,174 | 0.35 |
| Michaels Stores, Inc., 144A 8% 15/07/2027 | USD | 700,000 | 660,147 | 0.70 |
| Morgan Stanley, FRN 3.851% Perpetual | USD | 164,000 | 140,098 | 0.15 |
| New Albertsons LP 7.45% 01/08/2029 | USD | 280,000 | 282,400 | 0.30 |
| Plains All American Pipeline LP 6.125% Perpetual | USD | 600,000 | 416,733 | 0.44 |

| Jupiter Flexible Income |  |  |  |  |
| --- | --- | --- | --- | --- |
| Schedule of Investments as at 31 March 2021 (continued) |  |  |  |  |
|  |  | Quantity/ Nominal | Market Value | % of |
| Investments | Currency | Value | EUR | Net Assets |
| Transferable securities and money market instruments admitted to an official exchange listing |  |  |  |  |
| Bonds |  |  |  |  |
| United States of America (continued) |  |  |  |  |
| Prime Healthcare Services, Inc., 144A 7.25% 01/11/2025 | USD | 189,000 | 172,129 | 0.18 |
| Prime Security Services Borrower LLC, 144A 6.25% 15/01/2028 | USD | 300,000 | 266,150 | 0.28 |
| RegionalCare Hospital Partners Holdings, Inc., 144A 9.75% 01/12/2026 | USD | 300,000 | 275,937 | 0.29 |

| Rite Aid Corp., 144A 7.5% 01/07/2025 | USD | 200,000 | 175,846 | 0.19 |
| --- | --- | --- | --- | --- |
| Simmons Foods, Inc., 144A 4.625% 01/03/2029 | USD | 347,000 | 297,042 | 0.31 |
| Sizzling Platter LLC, 144A 8.5% 28/11/2025 | USD | 550,000 | 466,340 | 0.49 |
| SM Energy Co., 144A 10% 15/01/2025 | USD | 300,000 | 288,081 | 0.30 |
| Surgery Center Holdings, Inc., 144A 6.75% 01/07/2025 | USD | 400,000 | 348,743 | 0.37 |
| Surgery Center Holdings, Inc., 144A 10% 15/04/2027 | USD | 180,000 | 169,205 | 0.18 |
| Talos Production, Inc., 144A 12% 15/01/2026 | USD | 368,000 | 308,614 | 0.32 |
| Tenet Healthcare Corp., 144A 6.125% 01/10/2028 | USD | 538,000 | 477,369 | 0.50 |
| Uber Technologies, Inc., 144A 7.5% 15/09/2027 | USD | 270,000 | 253,592 | 0.27 |
| Vine Oil & Gas LP, 144A 9.75% 15/04/2023 | USD | 300,000 | 274,020 | 0.29 |
| Warrior Met Coal, Inc., 144A 8% 01/11/2024 | USD | 300,000 | 262,860 | 0.28 |
| Wells Fargo & Co., FRN 5.9% Perpetual | USD | 126,000 | 114,496 | 0.12 |
|  |  |  | 12,345,078 | 13.01 |
| Total Bonds |  |  | 17,070,585 | 17.99 |
| Total Transferable securities and money market instruments dealt in on another regulated market |  | 17,070,585	17.99 |
| Units of authorised UCITS or other collective investment undertakings |  |  |
| Collective Investment Schemes - AIF |  |  |
| Jersey |  |  |
| 3i Infrastructure plc	GBP | 1,163,129 | 4,024,145 | 4.24 |
|  |  | 4,024,145 | 4.24 |
| Total Collective Investment Schemes - AIF |  | 4,024,145 | 4.24 |
| Collective Investment Schemes - UCITS |  |  |  |
| Luxembourg |  |  |  |
| The Jupiter Global Fund Jupiter Asia Pacific Income -	USD | 49,341 | 581,729 | 0.61 |
| The Jupiter Global Fund Jupiter Global Emerging Markets	USD | 71,872 | 6,341,737 | 6.68 |
|  |  | 6,923,466 | 7.29 |
| Total Collective Investment Schemes - UCITS |  | 6,923,466 | 7.29 |
| Total Units of authorised UCITS or other collective investment undertakings |  | 10,947,611 | 11.53 |
| Total Investments |  | 85,819,888 | 90.43 |
| Cash |  | 8,600,734 | 9.06 |
| Other assets/(liabilities) |  | 482,766 | 0.51 |
| Total net assets |  | 94,903,388 | 100.00 |

Class D USD Q Inc Dist
†
Corporate Bond - Class I USD A Inc Dist
†
† Related Party Fund.
The accompanying notes form an integral part of these financial statements.
| Jupiter Flexible Income |  |  |  |  |
| --- | --- | --- | --- | --- |
| Schedule of Investments as at 31 March 2021 (continued) |  |  |  |  |
| Financial Futures Contracts |  |  |  |  |
|  | Number of |  | Unrealised Gain/(Loss) | % of |
| Security Description | Contracts | Currency | EUR | Net Assets |
| AEX Index, 16/04/2021 | 18 | EUR | 72,540 | 0.08 |
| CAC 40 10 Euro Index, 16/04/2021 | 40 | EUR | 16,520 | 0.02 |
| Euro-BTP, 08/06/2021 | 60 | EUR | 28,283 | 0.03 |
| Euro-Buxl 30 Year Bond, 08/06/2021 | (54) | EUR | 40,580 | 0.04 |
| FTSE 100 Index, 18/06/2021 | 30 | GBP | 23,990 | 0.02 |
| KOSPI 200 Index, 10/06/2021 | 86 | KRW | 809 | – |
| MSCI Emerging Markets Index, 18/06/2021 | (120) | USD | 90,674 | 0.10 |
| NASDAQ 100 Emini Index, 18/06/2021 | (30) | USD | 17,907 | 0.02 |
| Nikkei 225 Index, 10/06/2021 | 13 | JPY | 23,053 | 0.02 |
| S&P 500 Emini Index, 18/06/2021 | 38 | USD | 6,967 | 0.01 |
| US 10 Year Note, 21/06/2021 | (261) | USD | 167,583 | 0.18 |
| US Long Bond, 21/06/2021 | (2) | USD | 10,053 | 0.01 |
| Total Unrealised Gain on Financial Futures Contracts - Assets |  |  | 498,959 | 0.53 |
| CBOE Volatility Index, 19/05/2021 | 129 | USD | (403,747) | (0.43) |
| EURO STOXX 50 Index, 18/06/2021 | (123) | EUR | (46,125) | (0.05) |
| Foreign Exchange INR/USD, 28/04/2021 | 442 | USD | (52,873) | (0.06) |
| Foreign Exchange RUB/USD, 15/06/2021 | 341 | USD | (2,579) | – |
| MSCI Taiwan Index, 29/04/2021 | 33 | USD | (14,028) | (0.01) |
| Russell 2000 Emini Index, 18/06/2021 | 61 | USD | (414,682) | (0.44) |
| SGX NIFTY 50 Index, 29/04/2021 | 188 | USD | (32,441) | (0.03) |
| Total Unrealised Loss on Financial Futures Contracts - Liabilities |  |  | (966,475) | (1.02) |
| Net Unrealised Loss on Financial Futures Contracts - Liabilities |  |  | (467,516) | (0.49) |
| The accompanying notes form an integral part of these financial statements. |  |  |  |  |

Translation (ENFR, 2021-03-31):
# Jupiter Financial Innovation
Composition du portefeuille-titres au 31 mars 2021 (suite)
| Contrats de change à terme |
| --- |
| Devise | Montant | Devise | Montant | Date |  | Plus-value/ (moins-value) non réalisée | % de |
| achetée | acheté | vendue | vendu | d'échéance | Contrepartie | EUR | l’actif net |
| EUR | 3 088 | USD | 3 622 | 01/04/2021 | J.P. Morgan | 2 | – |
| EUR | 10 425 | USD | 12 190 | 06/04/2021 | J.P. Morgan | 37 | – |
| EUR | 32 381 | USD | 37 981 | 15/04/2021 | J.P. Morgan | 21 | – |
| USD | 3 635 220 | EUR | 3 055 385 | 15/04/2021 | J.P. Morgan | 41 793 | 0,05 |
| Plus-value totale non réalisée sur contrats de change à terme - Actif	41 853	0,05 |
| EUR | 835 | USD | 983 | 01/04/2021 | J.P. Morgan | (3) | – |
| EUR | 204 364 | USD | 242 546 | 15/04/2021 | J.P. Morgan | (2 283) | – |
| GBP | 789 | USD | 1 089 | 01/04/2021 | J.P. Morgan | (3) | – |
| GBP | 2 025 | USD | 2 789 | 06/04/2021 | J.P. Morgan | (2) | – |
| USD | 44 294 | EUR | 37 764 | 01/04/2021 | J.P. Morgan | (19) | – |
| USD | 201 313 | EUR | 172 223 | 06/04/2021 | J.P. Morgan | (673) | – |
| USD | 1 110 | EUR | 946 | 15/04/2021 | J.P. Morgan | – | – |
| Moins-value totale non réalisée sur contrats de change à terme - Passif |  | (2 983) | – |
| Plus-value nette non réalisée sur contrats de change à terme - Actif |  | 38 870 | 0,05 |
|  |  |  |  |
| Contrats sur différence |  |  |  |
|  |  | Plus-value/ (moins-value) non réalisée | % de |
| Pays	Description du titre	Devise Participations | Contrepartie | EUR | l’actif net |
| États-Unis	Alliance Data Systems Corp.	USD	20 048 | J.P. Morgan | 79 834 | 0,10 |
| États-Unis	Ally Financial, Inc.	USD	51 161 | J.P. Morgan | 2 787 | – |
| Plus-value totale non réalisée sur contrats sur différence - Actif |  | 82 621 | 0,10 |
| Îles Caïmans	Kingsoft Cloud Holdings Ltd.	USD	2 322 | J.P. Morgan | (21 073) | (0,03) |

Royaume-Uni	Draper Esprit plc	GBP	55 174 Bank of America Merrill Lynch
(19 412)	(0,03)
États-Unis	Capital One Financial Corp.	USD	24 014	J.P. Morgan	(23 787)	(0,03)
| États-Unis | Goldman Sachs Group, Inc. (The) | USD | 4 802 | J.P. Morgan | (39 836) | (0,05) |
| --- | --- | --- | --- | --- | --- | --- |
| États-Unis | Morgan Stanley | USD | 12 648 | J.P. Morgan | (43 058) | (0,06) |
| États-Unis | Morningstar, Inc. | USD | 7 873 | J.P. Morgan | (111 685) | (0,14) |
| États-Unis | Regions Financial Corp. | USD | 47 030 | J.P. Morgan | (22 898) | (0,03) |
| États-Unis | Sailpoint Technologies Holdings, Inc. | USD | 1 879 | J.P. Morgan | (11 335) | (0,01) |
| États-Unis | Shift4 Payments, Inc. | USD | 7 834 | J.P. Morgan | (24 665) | (0,03) |
| États-Unis | Twilio, Inc. | USD | 739 | J.P. Morgan | (25 611) | (0,03) |
| États-Unis | WEX, Inc. | USD | 8 733 | J.P. Morgan | (23 504) | (0,03) |
| Total moins-value non réalisée sur contrats sur différence - Passif | (366 864) | (0,47) |
| Moins-value nette non réalisée sur contrats sur différence - Passif | (284 243) | (0,37) |
| Les notes annexes font partie intégrante des présents états financiers. |  |  |

| Jupiter Flexible Income |  |
| --- | --- |
| Composition du portefeuille-titres au 31 mars 2021 |  |  |  |  |
|  |  | Quantité/ Valeur | Valeur de marché | % de |
| Investissements | Devise | nominale | EUR | l’actif net |
| Valeurs mobilières et instruments du marché monétaire admis à la cote officielle d’une bourse de valeurs |  |  |  |  |
| Obligations |  |  |  |  |
| Argentine |  |  |  |  |
| Provincia de Cordoba, Reg. S 7.125% 10/12/2025 | USD | 458 051 | 264 155 | 0,28 |
|  |  |  | 264 155 | 0,28 |
| Belgique |  |  |  |  |
| House of HR, Reg. S 7.5% 15/01/2027 | EUR | 205 000 | 219 909 | 0,23 |
|  |  |  | 219 909 | 0,23 |
| Bermudes |  |  |  |  |
| Lancashire Holdings Ltd., Reg. S 5.625% 18/09/2041 | USD | 221 000 | 189 008 | 0,20 |
|  |  |  | 189 008 | 0,20 |
| Canada |  |  |  |  |
| Bombardier, Inc., Reg. S 6.125% 15/05/2021 | EUR | 400 000 | 401 143 | 0,42 |
|  |  |  | 401 143 | 0,42 |
| République tchèque |  |  |  |  |
| Energo-Pro A/S, Reg. S 4% 07/12/2022 | EUR | 200 000 | 198 306 | 0,21 |
| Energo-Pro A/S, Reg. S 4.5% 04/05/2024 | EUR | 300 000 | 295 545 | 0,31 |
|  |  |  | 493 851 | 0,52 |
| Équateur |  |  |  |  |
| Ecuador Government Bond, Reg. S 0% 31/07/2030 | USD | 35 430 | 12 228 | 0,01 |
| Ecuador Government Bond, STEP, Reg. S 0,5% 31/07/2030 | USD | 113 400 | 56 773 | 0,06 |
| Ecuador Government Bond, STEP, Reg. S 0,5% 31/07/2035 | USD | 297 180 | 115 228 | 0,12 |
| Ecuador Government Bond, STEP, Reg. S 0,5% 31/07/2040 | USD | 136 200 | 50 489 | 0,06 |
|  |  |  | 234 718 | 0,25 |
| France |  |  |  |  |
| AXA SA, Reg. S 5,5% Perpetual | USD | 200 000 | 173 181 | 0,18 |
| AXA SA, Reg. S, FRN 5,625% 16/01/2054 | GBP | 100 000 | 147 482 | 0,16 |
| Banijay Group SAS, Reg. S 6.5% 01/03/2026 | EUR | 292 000 | 298 387 | 0,31 |
| Casino Guichard Perrachon SA, Reg. S 6.625% 15/01/2026 | EUR | 250 000 | 265 313 | 0,28 |
| Casino Guichard Perrachon SA, Reg. S 5.25% 15/04/2027 | EUR | 175 000 | 175 000 | 0,18 |
| CNP Assurances, Reg. S 0% Perpetual | USD | 400 000 | 341 576 | 0,36 |
| Electricite de France SA, Reg. S, FRN 6% Perpetual | GBP | 200 000 | 264 201 | 0,28 |
| Goldstory SASU, Reg. S 5.375% 01/03/2026 | EUR | 172 000 | 176 569 | 0,19 |
| Laboratoire Eimer Selas, Reg. S 5% 01/02/2029 | EUR | 167 000 | 169 699 | 0,18 |
| Mobilux Finance SAS, Reg. S 5,5% 15/11/2024 | EUR | 165 000 | 167 574 | 0,18 |
| Newco GB SAS, Reg. S 8% 15/12/2022 | EUR | 444 898 | 444 903 | 0,47 |
| Parts Europe SA, Reg. S 6,5% 16/07/2025 | EUR | 357 000 | 374 911 | 0,39 |
| Société Générale SA, Reg. S, FRN 7,375% Perpetual | USD | 400 000 | 348 946 | 0,37 |
| Tereos Finance Groupe I SA, Reg. S 7.5% 30/10/2025 | EUR | 300 000 | 326 199 | 0,34 |
|  |  |  | 3 673 941 | 3,87 |
| Allemagne |  |  |  |  |
| Safari Holding Verwaltungs GmbH, Reg. S 5.375% 30/11/2022 | EUR | 200 000 | 189 711 | 0,20 |
|  |  |  | 189 711 | 0,20 |
| Les notes annexes font partie intégrante des présents états financiers. |  |  |  |  |

| Autostrade per l'Italia SpA, Reg. S 2% 15/01/2030 | EUR | 300 000 | 304 650 | 0,32 |
| --- | --- | --- | --- | --- |
| Banca Farmafactoring SpA, Reg. S, FRN 5,875% 02/03/2027 | EUR | 100 000 | 103 700 | 0,11 |
| Bormioli Pharma SpA, Reg. S, FRN 3.5% 15/11/2024 | EUR | 100 000 | 99 592 | 0,10 |
| FinecoBank Banca Fineco SpA, Reg. S, FRN 5,875% Perpetual | EUR | 200 000 | 214 500 | 0,23 |
| Gamma Bidco SpA, Reg. S 5.125% 15/07/2025 | EUR | 289 000 | 289 693 | 0,31 |
| Intesa Sanpaolo SpA, Reg. S, FRN 5.875% Perpetual | EUR | 500 000 | 562 187 | 0,59 |
| Pro-Gest SpA, Reg. S 3,25% 15/12/2024 | EUR | 400 000 | 381 160 | 0,40 |
| Rekeep SpA, Reg. S 7.25% 01/02/2026 | EUR | 368 000 | 394 459 | 0,42 |
| UniCredit SpA, Reg. S 4,625% 12/04/2027 | USD | 200 000 | 190 898 | 0,20 |
| UniCredit SpA, Reg. S, FRN 6.625% Perpetual | EUR | 200 000 | 215 578 | 0,23 |
|  |  |  | 2 960 268 | 3,12 |
| Côte d’Ivoire |  |  |  |  |
| Ivory Coast Government Bond, STEP, Reg. S 5,75% 31/12/2032 | USD | 424 167 | 362 279 | 0,38 |

| Jupiter Flexible Income |  |  |  |  |
| --- | --- | --- | --- | --- |
| Composition du portefeuille-titres au 31 mars 2021 (suite) |  |  |  |  |
|  |  | Quantité/ Valeur | Valeur de marché | % de |
| Investissements | Devise | nominale | EUR | l’actif net |
| Valeurs mobilières et instruments du marché monétaire admis à la cote officielle d’une bourse de valeurs |  |  |  |  |
| Obligations |  |  |  |  |
| Irlande |  |  |  |  |
| AIB Group plc, Reg. S, FRN 6.25% Perpetual | EUR | 400 000 | 449 750 | 0,47 |
| Bank of Ireland Group plc, Reg. S, FRN 4,125% 19/09/2027 | USD | 434 000 | 378 510 | 0,40 |
| Beazley Insurance DAC, Reg. S 5,5% 10/09/2029 | USD | 403 000 | 376 104 | 0,40 |
|  |  |  | 1 204 364 | 1,27 |
| Italie |  |  |  |  |
| Almaviva-The Italian Innovation Co. SpA, Reg. S 7,25% 15/10/2022 | EUR | 200 000 | 203 851 | 0,21 |

|  | 362 279 | 0,38 |
| --- | --- | --- |
| Jersey |  |  |  |  |
| AA Bond Co. Ltd., Reg. S 6.5% 31/01/2026 | GBP | 243 000 | 294 395 | 0,31 |
| CPUK Finance Ltd., Reg. S 4,875% 28/02/2047 | GBP | 500 000 | 593 730 | 0,63 |
|  |  |  | 888 125 | 0,94 |
| Luxembourg |  |  |  |  |
| Altice France Holding SA, 144A 6% 15/02/2028 | USD | 500 000 | 418 345 | 0,44 |
| ARD Finance SA, Reg. S, FRN 5% 30/06/2027 | EUR | 400 000 | 409 794 | 0,43 |
| Cabot Financial Luxembourg SA, Reg. S 7,5% 01/10/2023 | GBP | 88 208 | 105 789 | 0,11 |
| Cidron Aida Finco Sarl, Reg. S 5% 01/04/2028 | EUR | 352 000 | 356 672 | 0,38 |
| CPI Property Group SA, Reg. S, FRN 4,875% Perpetual | EUR | 300 000 | 315 744 | 0,33 |
| Kleopatra Finco Sarl, Reg. S 4.25% 01/03/2026 | EUR | 105 000 | 105 077 | 0,11 |
| Kleopatra Holdings 2 SCA, Reg. S 6,5% 01/09/2026 | EUR | 218 000 | 210 735 | 0,22 |
| Motion Finco Sarl, Reg. S 7% 15/05/2025 | EUR | 100 000 | 105 709 | 0,11 |
| Picard Bondco SA, Reg. S 5,5% 30/11/2024 | EUR | 500 000 | 513 725 | 0,54 |
| Summer BC Holdco A Sarl, Reg. S 9,25% 31/10/2027 | EUR | 270 316 | 291 502 | 0,31 |
| Summer BC Holdco B SARL, Reg. S 5.75% 31/10/2026 | EUR | 204 000 | 215 317 | 0,23 |
| Takko Luxembourg 2 SCA, Reg. S 5,375% 15/11/2023 | EUR | 200 000 | 178 500 | 0,19 |
| Trafigura Funding SA, Reg. S 5,875% 23/09/2025 | USD | 300 000 | 268 098 | 0,28 |
|  |  |  | 3 495 007 | 3,68 |
| Îles Marshall |  |  |  |  |
| Danaos Corp., 144A 8.5% 01/03/2028 | USD | 332 000 | 300 773 | 0,32 |
|  |  |  | 300 773 | 0,32 |
| Les notes annexes font partie intégrante des présents états financiers. |  |  |  |  |

| Jupiter Flexible Income |  |  |  |  |
| --- | --- | --- | --- | --- |
| Composition du portefeuille-titres au 31 mars 2021 (suite) |  |  |  |  |
|  |  | Quantité/ Valeur | Valeur de marché | % de |
| Investissements | Devise | nominale | EUR | l’actif net |
| Valeurs mobilières et instruments du marché monétaire admis à la cote officielle d’une bourse de valeurs |  |  |  |  |
| Obligations |  |  |  |  |
| Pays-Bas |  |  |  |  |
| CBR Fashion Finance BV, Reg. S 5,125% 01/10/2022 | EUR | 150 000 | 149 530 | 0,16 |
| IPD 3 BV, Reg. S 5.5% 01/12/2025 | EUR | 200 000 | 207 197 | 0,22 |
| Maxeda DIY Holding BV, Reg. S 5,875% 01/10/2026 | EUR | 449 000 | 465 406 | 0,49 |
| NN Group NV, Reg. S, FRN 4,5% Perpetual | EUR | 100 000 | 114 477 | 0,12 |
| Schoeller Packaging BV, Reg. S 6,375% 01/11/2024 | EUR | 400 000 | 417 540 | 0,44 |
| Sigma Holdco BV, Reg. S 5.75% 15/05/2026 | EUR | 300 000 | 289 608 | 0,30 |
|  |  |  | 1 643 758 | 1,73 |
| Singapour |  |  |  |  |
| Trafigura Group Pte. Ltd., Reg. S, FRN 7.5% Perpetual | EUR | 150 000 | 160 410 | 0,17 |
|  |  |  | 160 410 | 0,17 |
| Espagne |  |  |  |  |
| Banco de Sabadell SA, Reg. S, FRN 5.375% 12/12/2028 | EUR | 100 000 | 109 151 | 0,11 |
| Banco Santander SA, Reg. S, FRN 6,25% Perpetual | EUR | 200 000 | 204 375 | 0,22 |
| Bankia SA, Reg. S, FRN 6% Perpetual | EUR | 200 000 | 209 500 | 0,22 |
| Bankia SA, Reg. S, FRN 6.375% Perpetual | EUR | 200 000 | 217 517 | 0,23 |
| International Consolidated Airlines Group SA,	EUR | 200 000 | 197 630 | 0,21 |
| Via Celere Desarrollos Inmobiliarios SA, Reg. S 5.25% 01/04/2026 | EUR | 169 000 | 172 793 | 0,18 |
|  |  |  | 1 110 966 | 1,17 |
| Supranational |  |  |  |  |
| GEMS MENASA Cayman Ltd., Reg. S 7,125% 31/07/2026 | USD | 500 000 | 445 417 | 0,47 |
|  |  |  | 445 417 | 0,47 |
| Suisse |  |  |  |  |
| Credit Suisse Group AG, Reg. S, FRN 5,25% Perpetual | USD | 200 000 | 171 708 | 0,18 |
| Swiss Re Ltd., Reg. S, FRN 5.625% 15/08/2052 | USD | 400 000 | 386 400 | 0,41 |
| UBS Group AG, FRN, 144A 7% Perpetual | USD | 400 000 | 374 775 | 0,39 |
|  |  |  | 932 883 | 0,98 |
| Royaume-Uni |  |  |  |  |
| Arrow Global Finance plc, Reg. S 5,125% 15/09/2024 | GBP | 333 000 | 394 609 | 0,42 |
| Aviva plc, Reg. S, FRN 4% 03/06/2055 | GBP | 100 000 | 128 622 | 0,14 |
| Barclays plc 4,836% 09/05/2028 | USD | 200 000 | 190 288 | 0,20 |
| Barclays plc, FRN 5,088% 20/06/2030 | USD | 200 000 | 193 431 | 0,20 |
| Boparan Finance plc, Reg. S 7,625% 30/11/2025 | GBP | 500 000 | 580 406 | 0,61 |
| Coventry Building Society, Reg. S, FRN 6,875% Perpetual | GBP | 400 000 | 525 140 | 0,55 |
| Direct Line Insurance Group plc, Reg. S 4% 05/06/2032 | GBP | 200 000 | 260 971 | 0,27 |
| EnQuest plc, Reg. S, FRN, 144A 7% 15/10/2023 | USD | 200 000 | 147 209 | 0,15 |
| Gazprom PJSC, Reg. S 3.897% Perpetual | EUR | 200 000 | 202 278 | 0,21 |
| HSBC Holdings plc 4% Perpetual | USD | 200 000 | 170 805 | 0,18 |
| HSBC Holdings plc, Reg. S, FRN 5,25% Perpetual | EUR | 200 000 | 209 891 | 0,22 |
| Iceland Bondco plc, Reg. S 4,625% 15/03/2025 | GBP | 255 000 | 296 447 | 0,31 |
| Investec Bank plc, Reg. S, FRN 4,25% 24/07/2028 | GBP | 124 000 | 152 999 | 0,16 |
| Legal & General Group plc, Reg. S, FRN 4,5% 01/11/2050 | GBP | 100 000 | 130 783 | 0,14 |
| Marston's Issuer plc, Reg. S, FRN 2,581% 16/07/2035 | GBP | 300 000 | 280 298 | 0,30 |
| Modulaire Global Finance plc, 144A 8% 15/02/2023 | USD | 375 000 | 326 943 | 0,34 |
| Les notes annexes font partie intégrante des présents états financiers. |  |  |  |  |

Reg. S 2.75% 25/03/2025
| Jupiter Flexible Income |  |  |  |  |
| --- | --- | --- | --- | --- |
| Composition du portefeuille-titres au 31 mars 2021 (suite) |  |  |  |  |
|  |  | Quantité/ Valeur | Valeur de marché | % de |
| Investissements | Devise | nominale | EUR | l’actif net |
| Valeurs mobilières et instruments du marché monétaire admis à la cote officielle d’une bourse de valeurs |  |  |  |  |
| Obligations |  |  |  |  |
| Royaume-Uni (suite) |  |  |  |  |
| National Express Group plc, Reg. S 4.25% 31/12/2164 | GBP | 169 000 | 205 358 | 0,22 |
| Nationwide Building Society, Reg. S, FRN 5,75% Perpetual | GBP | 200 000 | 258 895 | 0,27 |
| Nationwide Building Society, Reg. S, FRN 10,25% Perpetual | GBP | 60 500 | 129 847 | 0,14 |
| Natwest Group plc 4.5% Perpetual | GBP | 239 000 | 280 131 | 0,30 |
| Natwest Group plc, FRN 6% Perpetual | USD | 200 000 | 188 752 | 0,20 |
| Natwest Group plc, FRN 7,648% Perpetual | USD | 126 000 | 157 644 | 0,17 |
| Natwest Group plc, Reg. S, FRN 3,622% 14/08/2030 | GBP | 154 000 | 192 681 | 0,20 |
| Neptune Energy Bondco plc, Reg. S 6.625% 15/05/2025 | USD | 400 000 | 342 991 | 0,36 |
| Newday Bondco plc, Reg. S 7,375% 01/02/2024 | GBP | 300 000 | 351 854 | 0,37 |
| Pension Insurance Corp. plc, FRN 7,375% Perpetual | GBP | 200 000 | 280 141 | 0,30 |
| Pension Insurance Corp. plc, Reg. S 8% 23/11/2026 | GBP | 100 000 | 151 594 | 0,16 |
| Pinnacle Bidco plc, Reg. S 5,5% 15/02/2025 | EUR | 439 000 | 445 794 | 0,47 |
| Prudential plc, Reg. S 4,375% Perpetual | USD | 200 000 | 170 852 | 0,18 |
| RAC Bond Co. plc, Reg. S 5% 06/05/2046 | GBP | 450 000 | 531 136 | 0,56 |
| RL Finance Bonds NO 4 plc, Reg. S, FRN 4.875% 07/10/2049 | GBP | 207 000 | 268 333 | 0,28 |
| Santander UK Group Holdings plc, Reg. S, FRN 6,75% Perpetual | GBP | 200 000 | 255 084 | 0,27 |
| TP ICAP Ltd., Reg. S 5.25% 29/05/2026 | GBP | 120 000 | 160 120 | 0,17 |
| Unique Pub Finance Co. plc (The), Reg. S 6,464% 30/03/2032 | GBP | 300 000 | 370 330 | 0,39 |
| Very Group Funding plc (The), Reg. S 7.75% 15/11/2022 | GBP | 400 000 | 475 589 | 0,50 |
| Virgin Money UK plc, Reg. S 4% 03/09/2027 | GBP | 130 000 | 167 755 | 0,18 |
| Virgin Money UK plc, Reg. S, FRN 7.875% 14/12/2028 | GBP | 100 000 | 134 231 | 0,14 |
|  |  |  | 9 710 232 | 10,23 |
| États-Unis |  |  |  |  |
| CGG Holding US, Inc., 144A 9% 01/05/2023 | USD | 200 000 | 176 225 | 0,19 |
| CGG Holding US, Inc., Reg. S 7,875% 01/05/2023 | EUR | 100 000 | 102 605 | 0,11 |
| Encore Capital Group, Inc., Reg. S 5.375% 15/02/2026 | GBP | 235 000 | 288 381 | 0,30 |
| EQM Midstream Partners LP 5.5% 15/07/2028 | USD | 190 000 | 169 135 | 0,18 |
| Genesis Energy LP 6.5% 01/10/2025 | USD | 250 000 | 208 910 | 0,22 |
| Murphy Oil Corp. 6,875% 15/08/2024 | USD | 200 000 | 174 001 | 0,18 |
|  |  |  | 1 119 257 | 1,18 |
| Total Obligations |  |  | 30 000 175 | 31,61 |
| Actions |  |  |  |  |
| Australie |  |  |  |  |
| Dexus, REIT | AUD | 31 361 | 198 546 | 0,21 |
| Goodman Group, REIT | AUD | 25 692 | 302 217 | 0,32 |
| Scentre Group, REIT | AUD | 95 127 | 174 408 | 0,18 |
|  |  |  | 675 171 | 0,71 |
| Îles Caïmans |  |  |  |  |
| China Evergrande Group | HKD | 101 000 | 164 073 | 0,17 |
| China Resources Land Ltd. | HKD | 58 000 | 239 205 | 0,25 |
| China Resources Mixc Lifestyle Services Ltd., Reg. S | HKD | 446 | 2 262 | – |
| CK Asset Holdings Ltd. | HKD | 37 000 | 191 734 | 0,20 |
| Country Garden Holdings Co. Ltd. | HKD | 179 000 | 195 719 | 0,21 |
| Wharf Real Estate Investment Co. Ltd. | HKD | 45 000 | 215 309 | 0,23 |
|  |  |  | 1 008 302 | 1,06 |
| Les notes annexes font partie intégrante des présents états financiers. |  |  |  |  |

| Jupiter Flexible Income |  |  |  |  |
| --- | --- | --- | --- | --- |
| Composition du portefeuille-titres au 31 mars 2021 (suite) |  |  |  |  |
|  |  | Quantité/ Valeur | Valeur de marché | % de |
| Investissements | Devise | nominale | EUR | l’actif net |
| Valeurs mobilières et instruments du marché monétaire admis à la cote officielle d’une bourse de valeurs |  |  |  |  |
| Actions |  |  |  |  |
| Danemark |  |  |  |  |
| Novo Nordisk A/S 'B' | DKK | 4 778 | 278 438 | 0,29 |
| Tryg A/S | DKK | 4 786 | 96 749 | 0,10 |
| Tryg A/S Rights 14/04/2021 | DKK | 33 502 | 34 046 | 0,04 |
|  |  |  | 409 233 | 0,43 |
| Finlande |  |  |  |  |
| UPM-Kymmene OYJ | EUR | 5 335 | 165 945 | 0,18 |
|  |  |  | 165 945 | 0,18 |
| France |  |  |  |  |
| Amundi SA, Reg. S | EUR | 1 372 | 94 428 | 0,10 |
| Cie Generale des Etablissements Michelin SCA | EUR | 805 | 103 382 | 0,11 |
| Edenred | EUR | 2 648 | 118 286 | 0,13 |
| Gecina SA, REIT | EUR | 1 474 | 172 826 | 0,18 |
| Pernod Ricard SA | EUR | 1 191 | 191 543 | 0,20 |
| Schneider Electric SE | EUR | 2 513 | 325 999 | 0,34 |
| SPIE SA | EUR | 5 128 | 105 073 | 0,11 |
| TOTAL SE | EUR | 4 924 | 195 249 | 0,21 |
| Vinci SA | EUR | 2 882 | 254 942 | 0,27 |
|  |  |  | 1 561 728 | 1,65 |
| Allemagne |  |  |  |  |
| Allianz SE | EUR | 1 287 | 280 115 | 0,30 |
| Deutsche Boerse AG | EUR | 1 814 | 254 549 | 0,27 |
| Deutsche Post AG | EUR | 5 160 | 241 333 | 0,25 |
| Deutsche Wohnen SE | EUR | 6 566 | 262 903 | 0,28 |
| Infineon Technologies AG | EUR | 4 947 | 177 474 | 0,19 |
| Knorr-Bremse AG | EUR | 857 | 91 982 | 0,10 |
| RWE AG | EUR | 6 721 | 220 953 | 0,23 |
| Siemens AG | EUR | 1 400 | 197 358 | 0,21 |
| Siemens Healthineers AG, Reg. S | EUR | 2 559 | 117 771 | 0,12 |
| Talanx AG | EUR | 2 834 | 103 328 | 0,11 |
| Vonovia SE | EUR | 8 075 | 449 697 | 0,47 |
|  |  |  | 2 397 463 | 2,53 |
| Grèce |  |  |  |  |
| Hellenic Telecommunications Organization SA | EUR | 9 365 | 127 036 | 0,13 |
| OPAP SA | EUR | 12 671 | 146 667 | 0,16 |
|  |  |  | 273 703 | 0,29 |
| Guernesey |  |  |  |  |
| JPMorgan Global Core Real Assets Ltd. (Le) Compartiment | GBP | 541 509 | 593 166 | 0,63 |
|  |  |  | 593 166 | 0,63 |
| Hong Kong |  |  |  |  |
| China Overseas Land & Investment Ltd, | HKD | 74 500 | 164 754 | 0,17 |
| Link REIT | HKD | 24 300 | 188 651 | 0,20 |
| Sun Hung Kai Properties Ltd. | HKD | 17 500 | 226 161 | 0,24 |
|  |  |  | 579 566 | 0,61 |

| Jupiter Flexible Income |  |  |  |  |
| --- | --- | --- | --- | --- |
| Composition du portefeuille-titres au 31 mars 2021 (suite) |  |  |  |  |
|  |  | Quantité/ Valeur | Valeur de marché | % de |
| Investissements | Devise | nominale | EUR | l’actif net |
| Valeurs mobilières et instruments du marché monétaire admis à la cote officielle d’une bourse de valeurs |  |  |  |  |
| Actions |  |  |  |  |
| Irlande |  |  |  |  |
| CRH plc | GBP | 2 769 | 111 470 | 0,12 |
| Linde plc | EUR | 663 | 157 562 | 0,16 |
|  |  |  | 269 032 | 0,28 |
| Île de Man |  |  |  |  |
| Entain plc | GBP | 9 526 | 170 654 | 0,18 |
|  |  |  | 170 654 | 0,18 |
| Italie |  |  |  |  |
| Banca Generali SpA | EUR | 3 988 | 120 637 | 0,12 |
| doValue SpA, Reg. S | EUR | 4 690 | 48 635 | 0,05 |
| Enel SpA | EUR | 24 368 | 206 056 | 0,22 |
| MARR SpA | EUR | 6 472 | 121 738 | 0,13 |
|  |  |  | 497 066 | 0,52 |
| Japon |  |  |  |  |
| Aruhi Corp. | JPY | 5 500 | 76 486 | 0,08 |
| Asahi Intecc Co. Ltd. | JPY | 3 300 | 77 566 | 0,08 |
| Bridgestone Corp. | JPY | 5 000 | 172 427 | 0,18 |
| Daifuku Co. Ltd. | JPY | 1 200 | 100 211 | 0,11 |
| Direct Marketing MiX, Inc. | JPY | 1 800 | 47 056 | 0,05 |
| eGuarantee, Inc. | JPY | 2 300 | 36 988 | 0,04 |
| Hazama Ando Corp. | JPY | 26 000 | 170 275 | 0,18 |
| Insource Co. Ltd. | JPY | 3 500 | 62 283 | 0,07 |
| Iriso Electronics Co. Ltd. | JPY | 1 900 | 72 274 | 0,08 |
| Jeol Ltd. | JPY | 2 500 | 84 558 | 0,09 |
| JMDC, Inc. | JPY | 1 500 | 60 350 | 0,06 |
| Katitas Co. Ltd. | JPY | 2 900 | 69 057 | 0,07 |
| KDDI Corp. | JPY | 5 800 | 151 603 | 0,16 |
| KH Neochem Co. Ltd. | JPY | 4 000 | 86 304 | 0,09 |
| Mitsubishi Estate Co. Ltd. | JPY | 13 600 | 202 351 | 0,21 |
| Mitsui Fudosan Co. Ltd. | JPY | 10 000 | 193 680 | 0,20 |
| Nakanishi, Inc. | JPY | 4 700 | 83 710 | 0,09 |
| NEC Corp. | JPY | 1 900 | 95 317 | 0,10 |
| Nippon Densetsu Kogyo Co. Ltd. | JPY | 3 300 | 49 246 | 0,05 |
| Nitto Denko Corp. | JPY | 1 000 | 72 960 | 0,08 |
| Nomura Co. Ltd. | JPY | 8 600 | 60 891 | 0,06 |
| ORIX Corp. | JPY | 13 000 | 186 992 | 0,20 |
| Pan Pacific International Holdings Corp. | JPY | 3 200 | 64 361 | 0,07 |
| Plaid, Inc. | JPY | 800 | 22 392 | 0,02 |
| Prestige International, Inc. | JPY | 9 000 | 57 001 | 0,06 |
| Recruit Holdings Co. Ltd. | JPY | 2 800 | 116 481 | 0,12 |
| Retty, Inc. | JPY | 3 500 | 42 313 | 0,05 |
| Roland Corp. | JPY | 3 100 | 95 721 | 0,10 |
| Sekisui House Ltd. | JPY | 4 300 | 78 705 | 0,08 |
| Shin-Etsu Chemical Co. Ltd. | JPY | 600 | 86 038 | 0,09 |
| Ship Healthcare Holdings, Inc. | JPY | 2 800 | 67 107 | 0,07 |
| Les notes annexes font partie intégrante des présents états financiers. |  |  |  |  |

| Jupiter Flexible Income |  |  |  |  |
| --- | --- | --- | --- | --- |
| Composition du portefeuille-titres au 31 mars 2021 (suite) |  |  |  |  |
|  |  | Quantité/ Valeur | Valeur de marché | % de |
| Investissements | Devise | nominale | EUR | l’actif net |
| Valeurs mobilières et instruments du marché monétaire admis à la cote officielle d’une bourse de valeurs |  |  |  |  |
| Actions |  |  |  |  |
| Japon (suite) |  |  |  |  |
| SoftBank Corp. | JPY | 15 700 | 174 177 | 0,18 |
| Sony Corp. | JPY | 2 700 | 241 690 | 0,26 |
| Star Asia Investment Corp., REIT | JPY | 346 | 140 141 | 0,15 |
| Sumitomo Mitsui Financial Group, Inc. | JPY | 6 600 | 203 743 | 0,22 |
| Sumitomo Realty & Development Co. Ltd. | JPY | 7 300 | 219 871 | 0,23 |
| Takeda Pharmaceutical Co. Ltd. | JPY | 5 300 | 162 673 | 0,17 |
| TechnoPro Holdings, Inc. | JPY | 1 000 | 70 765 | 0,07 |
| Tokio Marine Holdings, Inc. | JPY | 2 700 | 109 608 | 0,12 |
| Tokyo Electron Ltd. | JPY | 300 | 108 019 | 0,11 |
| Toyota Motor Corp. | JPY | 4 100 | 272 315 | 0,29 |
| Tsubaki Nakashima Co. Ltd. | JPY | 1 800 | 23 542 | 0,03 |
| WealthNavi, Inc. | JPY | 1 500 | 41 697 | 0,04 |
| WingArc1st, Inc. | JPY | 3 200 | 48 086 | 0,05 |
| Zenkoku Hosho Co. Ltd. | JPY | 1 500 | 58 733 | 0,06 |
|  |  |  | 4 717 764 | 4,97 |
| Jersey |  |  |  |  |
| Digital 9 Infrastructure plc | GBP | 1 600 000 | 1 890 552 | 1,99 |
| Glencore plc | GBP | 83 489 | 278 889 | 0,30 |
| IWG plc | GBP | 24 150 | 95 930 | 0,10 |
| WPP plc | GBP | 13 082 | 144 512 | 0,15 |
|  |  |  | 2 409 883 | 2,54 |
| Luxembourg |  |  |  |  |
| APERAM SA | EUR | 3 079 | 118 618 | 0,13 |
|  |  |  | 118 618 | 0,13 |
| Pays-Bas |  |  |  |  |
| Flow Traders, Reg. S | EUR | 3 633 | 131 188 | 0,14 |
| Wolters Kluwer NV | EUR | 1 690 | 125 381 | 0,13 |
|  |  |  | 256 569 | 0,27 |
| Norvège |  |  |  |  |
| Telenor ASA | NOK | 14 790 | 222 174 | 0,23 |
|  |  |  | 222 174 | 0,23 |
| Portugal |  |  |  |  |
| EDP - Energias de Portugal SA | EUR | 47 748 | 231 984 | 0,24 |
|  |  |  | 231 984 | 0,24 |
| Espagne |  |  |  |  |
| Amadeus IT Group SA | EUR | 2 416 | 145 806 | 0,15 |
| Industria de Diseno Textil SA | EUR | 3 220 | 90 836 | 0,10 |
|  |  |  | 236 642 | 0,25 |
| Supranational |  |  |  |  |
| Unibail-Rodamco-Westfield, REIT | EUR | 1 613 | 112 464 | 0,12 |
|  |  |  | 112 464 | 0,12 |

| Jupiter Flexible Income |  |  |  |  |
| --- | --- | --- | --- | --- |
| Composition du portefeuille-titres au 31 mars 2021 (suite) |  |  |  |  |
|  |  | Quantité/ Valeur | Valeur de marché | % de |
| Investissements | Devise | nominale | EUR | l’actif net |
| Valeurs mobilières et instruments du marché monétaire admis à la cote officielle d’une bourse de valeurs |  |  |  |  |
| Actions |  |  |  |  |
| Suède |  |  |  |  |
| Atlas Copco AB 'A' | SEK | 3 329 | 172 923 | 0,18 |
| Coor Service Management Holding AB, Reg. S | SEK | 19 627 | 136 006 | 0,14 |
| Essity AB 'B' | SEK | 7 556 | 203 341 | 0,22 |
| Nobina AB, Reg. S | SEK | 15 002 | 108 138 | 0,11 |
| Svenska Handelsbanken AB 'A' | SEK | 13 949 | 130 098 | 0,14 |
| Tele2 AB 'B' | SEK | 12 418 | 142 557 | 0,15 |
|  |  |  | 893 063 | 0,94 |
| Suisse |  |  |  |  |
| Nestle SA | CHF | 3 380 | 323 566 | 0,34 |
| Partners Group Holding AG | CHF | 182 | 198 525 | 0,21 |
| Roche Holding AG | CHF | 1 026 | 283 740 | 0,30 |
|  |  |  | 805 831 | 0,85 |
| Royaume-Uni |  |  |  |  |
| AstraZeneca plc | GBP | 2 206 | 187 727 | 0,20 |
| Atlantica Sustainable Infrastructure plc | USD | 1 129 | 33 779 | 0,04 |
| Aviva plc | GBP | 25 706 | 123 908 | 0,13 |
| Barclays plc | GBP | 134 121 | 297 040 | 0,31 |
| Biffa plc, Reg. S | GBP | 23 917 | 75 594 | 0,08 |
| BP plc | GBP | 76 920 | 268 989 | 0,28 |
| British American Tobacco plc | GBP | 4 715 | 153 174 | 0,16 |
| Centrica plc | GBP | 136 613 | 86 054 | 0,09 |
| Diversified Gas & Oil plc, Reg. S | GBP | 148 158 | 193 047 | 0,20 |
| Drax Group plc | GBP | 52 211 | 258 097 | 0,27 |
| DS Smith plc | GBP | 37 623 | 182 057 | 0,19 |
| Dunelm Group plc | GBP | 7 197 | 110 488 | 0,12 |
| GlaxoSmithKline plc | GBP | 16 284 | 247 241 | 0,26 |
| HSBC Holdings plc | GBP | 21 683 | 109 088 | 0,11 |
| Ibstock plc, Reg. S | GBP | 34 375 | 89 660 | 0,09 |
| IMI plc | GBP | 4 789 | 75 262 | 0,08 |
| Imperial Brands plc | GBP | 12 287 | 216 225 | 0,23 |
| Land Securities Group plc, REIT | GBP | 21 472 | 177 145 | 0,19 |
| Melrose Industries plc | GBP | 43 011 | 86 107 | 0,09 |
| Micro Focus International plc | GBP | 18 279 | 120 672 | 0,13 |
| National Express Group plc | GBP | 49 717 | 182 096 | 0,19 |
| NCC Group plc | GBP | 18 079 | 55 128 | 0,06 |
| Phoenix Group Holdings plc | GBP | 11 049 | 95 943 | 0,10 |
| Prudential plc | GBP | 8 043 | 146 728 | 0,15 |
| RELX plc | EUR | 11 787 | 252 890 | 0,27 |
| Rio Tinto plc | GBP | 3 303 | 215 361 | 0,23 |
| Rotork plc | GBP | 26 530 | 111 856 | 0,12 |
| Royal Dutch Shell plc 'B' | GBP | 13 625 | 215 242 | 0,23 |
| Sage Group plc (The) | GBP | 20 533 | 146 413 | 0,15 |
| Secure Income REIT plc | GBP | 21 614 | 91 193 | 0,10 |
| Segro plc, REIT | GBP | 22 627 | 252 074 | 0,27 |
| Les notes annexes font partie intégrante des présents états financiers. |  |  |  |  |

| Jupiter Flexible Income |  |  |  |  |
| --- | --- | --- | --- | --- |
| Composition du portefeuille-titres au 31 mars 2021 (suite) |  |  |  |  |
|  |  | Quantité/ Valeur | Valeur de marché | % de |
| Investissements | Devise | nominale | EUR | l’actif net |
| Valeurs mobilières et instruments du marché monétaire admis à la cote officielle d’une bourse de valeurs |  |  |  |  |
| Actions |  |  |  |  |
| Royaume-Uni (suite) |  |  |  |  |
| Smith & Nephew plc | GBP | 7 184 | 116 270 | 0,12 |
| SSE plc | GBP | 9 929 | 169 402 | 0,18 |
| SSP Group plc | GBP | 18 045 | 77 330 | 0,08 |
| St James's Place plc | GBP | 9 417 | 140 980 | 0,15 |
| Standard Chartered plc | GBP | 26 839 | 158 580 | 0,17 |
| Synthomer plc | GBP | 16 146 | 88 393 | 0,09 |
| Tate & Lyle plc | GBP | 9 613 | 87 036 | 0,09 |
| Taylor Wimpey plc | GBP | 87 982 | 187 204 | 0,20 |
| Tesco plc | GBP | 56 801 | 153 417 | 0,16 |
| THG Holdings Ltd. | GBP | 8 165 | 60 161 | 0,06 |
| Unilever plc | EUR | 5 164 | 248 001 | 0,26 |
| Virgin Money UK plc | GBP | 57 927 | 130 014 | 0,14 |
| Vodafone Group plc | GBP | 111 714 | 175 106 | 0,18 |
| WH Smith plc | GBP | 5 804 | 125 043 | 0,13 |
| Whitbread plc | GBP | 5 264 | 213 576 | 0,23 |
|  |  |  | 6 986 791 | 7,36 |
| États-Unis |  |  |  |  |
| Abbott Laboratories | USD | 907 | 92 570 | 0,10 |
| AllianceBernstein Holding LP | USD | 1 954 | 66 163 | 0,07 |
| Amazon.com, Inc. | USD | 24 | 62 488 | 0,07 |
| Amphenol Corp. « A » | USD | 1 270 | 71 021 | 0,07 |
| Apple, Inc. | USD | 1 128 | 115 323 | 0,12 |
| Applied Materials, Inc. | USD | 624 | 67 449 | 0,07 |
| BlackRock, Inc. | USD | 55 | 35 119 | 0,04 |
| Blackstone Group, Inc. (The) 'A' | USD | 294 | 18 601 | 0,02 |
| Cadence Design Systems, Inc. | USD | 308 | 34 363 | 0,04 |
| CME Group, Inc. | USD | 573 | 100 071 | 0,11 |
| Constellation Brands, Inc. « A » | USD | 279 | 55 629 | 0,06 |
| Dollar General Corp. | USD | 257 | 44 209 | 0,05 |
| Emerson Electric Co. | USD | 1 113 | 86 484 | 0,09 |
| Energy Transfer LP | USD | 5 893 | 38 944 | 0,04 |
| Enterprise Products Partners LP | USD | 2 273 | 43 300 | 0,05 |
| Fidelity National Information Services, Inc. | USD | 588 | 71 427 | 0,08 |
| Home Depot, Inc. (The) | USD | 115 | 29 899 | 0,03 |
| Intuitive Surgical, Inc. | USD | 39 | 24 158 | 0,03 |
| IQVIA Holdings, Inc. | USD | 465 | 75 640 | 0,08 |
| JPMorgan Chase & Co. | USD | 932 | 122 772 | 0,13 |
| Lockheed Martin Corp. | USD | 61 | 19 268 | 0,02 |
| Merck & Co., Inc. | USD | 1 231 | 80 741 | 0,08 |
| Microsoft Corp. | USD | 645 | 127 706 | 0,13 |
| Moody’s Corp. | USD | 88 | 22 313 | 0,02 |
| NextEra Energy Partners LP | USD | 1 299 | 79 844 | 0,08 |
| NIKE, Inc. « B » | USD | 572 | 64 850 | 0,07 |
| PayPal Holdings, Inc. | USD | 209 | 42 142 | 0,04 |

| Jupiter Flexible Income |  |  |  |  |
| --- | --- | --- | --- | --- |
| Composition du portefeuille-titres au 31 mars 2021 (suite) |  |  |  |  |
|  |  | Quantité/ | Valeur |  |
|  |  | Valeur | de marché | % de |
| Investissements | Devise | nominale | EUR | l’actif net |
| Valeurs mobilières et instruments du marché monétaire admis |  |  |  |  |
| à la cote officielle d’une bourse de valeurs |  |  |  |  |
| Actions |  |  |  |  |
| États-Unis d'Amérique (suite) |  |  |  |  |
| PepsiCo, Inc. | USD | 376 | 45 684 | 0,05 |
| Procter & Gamble Co. (The) | USD | 268 | 30 953 | 0,03 |
| PTC, Inc. | USD | 242 | 27 251 | 0,03 |
| Rockwell Automation Inc | USD | 247 | 56 337 | 0,06 |
| Starwood Property Trust, Inc., REIT | USD | 2 783 | 59 087 | 0,06 |
| Thermo Fisher Scientific, Inc. | USD | 81 | 31 174 | 0,03 |
| TransUnion | USD | 575 | 43 940 | 0,05 |
| Visa, Inc. « A » | USD | 524 | 94 679 | 0,10 |
| Walmart, Inc. | USD | 348 | 40 262 | 0,04 |
| Walt Disney Co. (The) | USD | 549 | 86 844 | 0,09 |
|  |  |  | 2 208 705 | 2,33 |
| Total actions |  |  | 27 801 517 | 29,30 |
| Total Valeurs mobilières et instruments du marché monétaire admis à la cote officielle d’une bourse de valeurs |  |  | 57 801 692 | 60,91 |
| Valeurs mobilières et instruments du marché monétaire |  |  |  |  |
| négociés sur un autre marché réglementé |  |  |  |  |
| Obligations |  |  |  |  |
| Argentine |  |  |  |  |
| Genneia SA, Reg. S 8.75% 20/01/2022 | USD | 360 000 | 273 094 | 0,29 |
|  |  |  | 273 094 | 0,29 |
| Brésil |  |  |  |  |
| Banco do Brasil SA, Reg. S, FRN 9% Perpetual | USD | 800 000 | 742 340 | 0,78 |
|  |  |  | 742 340 | 0,78 |
| Canada |  |  |  |  |
| GFL Environmental, Inc., 144A 8.5% 01/05/2027 | USD | 350 000 | 328 265 | 0,35 |
| IAMGOLD Corp., 144A 5,75% 15/10/2028 | USD | 400 000 | 344 695 | 0,36 |
| Seven Generations Energy Ltd., 144A 6,875% 30/06/2023 | USD | 97 000 | 83 993 | 0,09 |
| Seven Generations Energy Ltd., 144A 5,375% 30/09/2025 | USD | 240 000 | 213 081 | 0,22 |
|  |  |  | 970 034 | 1,02 |
| Îles Caïmans |  |  |  |  |
| Transocean Phoenix 2 Ltd., 144A 7,75% 15/10/2024 | USD | 120 000 | 100 980 | 0,11 |
|  |  |  | 100 980 | 0,11 |
| France |  |  |  |  |
| Societe Generale SA, Reg. S 5.375% 31/12/2164 | USD | 200 000 | 174 265 | 0,18 |
|  |  |  | 174 265 | 0,18 |
| Italie |  |  |  |  |
| Intesa Sanpaolo SpA, 144A 3,875% 14/07/2027 | USD | 200 000 | 184 615 | 0,20 |
| UniCredit SpA, FRN, 144A 5,459% 30/06/2035 | USD | 200 000 | 180 275 | 0,19 |
|  |  |  | 364 890 | 0,39 |
| Luxembourg |  |  |  |  |
| Cirsa Finance International Sarl, 144A 7,875% 20/12/2023 | USD | 300 000 | 260 023 | 0,27 |
| FAGE International SA, 144A 5.625% 15/08/2026 | USD | 500 000 | 440 456 | 0,47 |
|  |  |  | 700 479 | 0,74 |
| Les notes annexes font partie intégrante des présents états financiers. |  |  |  |  |

| Jupiter Flexible Income |  |  |  |  |
| --- | --- | --- | --- | --- |
| Composition du portefeuille-titres au 31 mars 2021 (suite) |  |  |  |  |
|  |  | Quantité/ Valeur | Valeur de marché | % de |
| Investissements | Devise | nominale | EUR | l’actif net |
| Valeurs mobilières et instruments du marché monétaire admis à la cote officielle d’une bourse de valeurs |  |  |  |  |
| Obligations |  |  |  |  |
| Supranational |  |  |  |  |
| JBS USA LUX SA, Reg. S 5,5% 15/01/2030 | USD | 400 000 | 372 225 | 0,39 |
|  |  |  | 372 225 | 0,39 |
| Suisse |  |  |  |  |
| Credit Suisse Group AG, Reg. S 4,282% 09/01/2028 | USD | 250 000 | 234 464 | 0,25 |
| Credit Suisse Group AG, Reg. S, FRN 7,25% Perpetual | USD | 200 000 | 184 609 | 0,19 |
|  |  |  | 419 073 | 0,44 |
| Royaume-Uni |  |  |  |  |
| Barclays Bank plc, FRN 6,278% Perpetual | USD | 150 000 | 162 015 | 0,17 |
| Merlin Entertainments Ltd., 144A 5,75% 15/06/2026 | USD | 300 000 | 271 255 | 0,29 |
| Natwest Group plc, FRN 8,625% Perpetual | USD | 200 000 | 174 857 | 0,18 |
|  |  |  | 608 127 | 0,64 |
| États-Unis |  |  |  |  |
| Albertsons Cos., Inc., 144A 4,875% 15/02/2030 | USD | 500 000 | 438 219 | 0,46 |
| Allied Universal Holdco LLC, 144A 9.75% 15/07/2027 | USD | 300 000 | 281 655 | 0,30 |
| American Airlines Group, Inc., 144A 5% 01/06/2022 | USD | 700 000 | 588 304 | 0,62 |
| APX Group, Inc. 7,875% 01/12/2022 | USD | 89 000 | 76 268 | 0,08 |
| Bank of America Corp., FRN 5,875% Perpetual | USD | 327 000 | 305 474 | 0,32 |
| Capitol Investment Merger Sub 2 LLC, 144A 10% 01/08/2024 | USD | 400 000 | 368 436 | 0,39 |
| CCO Holdings LLC, 144A 4,5% 01/05/2032 | USD | 300 000 | 258 445 | 0,27 |
| Chobani LLC, 144A 7,5% 15/04/2025 | USD | 350 000 | 310 743 | 0,33 |
| Citigroup, Inc., FRN 4,289% Perpetual | USD | 100 000 | 85 684 | 0,09 |
| Citigroup, Inc., FRN 5,9% Perpetual | USD | 200 000 | 179 767 | 0,19 |
| CommScope Technologies LLC, 144A 6% 15/06/2025 | USD | 300 000 | 261 155 | 0,27 |
| Community Health Systems, Inc., 144A 6.875% 15/04/2029 | USD | 69 000 | 61 371 | 0,06 |
| CVR Energy, Inc., 144A 5.75% 15/02/2028 | USD | 400 000 | 328 445 | 0,35 |
| Del Monte Foods, Inc., 144A 11,875% 15/05/2025 | USD | 314 000 | 308 214 | 0,32 |
| Dole Food Co., Inc., 144A 7,25% 15/06/2025 | USD | 300 000 | 262 383 | 0,28 |
| Endure Digital, Inc., 144A 6% 15/02/2029 | USD | 162 000 | 134 715 | 0,14 |
| Enterprise Products Operating LLC 5.375% 15/02/2078 | USD | 400 000 | 338 391 | 0,36 |
| Fresh Market Inc (The), 144A 9,75% 01/05/2023 | USD | 300 000 | 263 475 | 0,28 |
| Goldman Sachs Group, Inc. (The), FRN 4,95% Perpetual | USD | 100 000 | 90 354 | 0,10 |
| Goldman Sachs Group, Inc. (The), FRN 5,3% Perpetual | USD | 150 000 | 141 244 | 0,15 |
| JPMorgan Chase & Co., FRN 3,682% Perpetual | USD | 100 000 | 84 999 | 0,09 |
| JPMorgan Chase & Co., FRN 6.1% Perpetual | USD | 431 000 | 397 985 | 0,42 |
| Kraft Heinz Foods Co. 4.375% 01/06/2046 | USD | 300 000 | 268 907 | 0,28 |
| Kronos Acquisition Holdings, Inc., 144A 5% 31/12/2026 | USD | 105 000 | 89 266 | 0,09 |
| Kronos Acquisition Holdings, Inc., 144A 7% 31/12/2027 | USD | 100 000 | 82 126 | 0,09 |
| Life Time, Inc., 144A 5.75% 15/01/2026 | USD | 203 000 | 177 960 | 0,19 |
| Life Time, Inc., 144A 8% 15/04/2026 | USD | 200 000 | 175 117 | 0,18 |
| LifePoint Health, Inc., 144A 5,375% 15/01/2029 | USD | 400 000 | 336 174 | 0,35 |
| Michaels Stores, Inc., 144A 8% 15/07/2027 | USD | 700 000 | 660 147 | 0,70 |
| Morgan Stanley, FRN 3.851% Perpetual | USD | 164 000 | 140 098 | 0,15 |
| New Albertsons LP 7,45% 01/08/2029 | USD | 280 000 | 282 400 | 0,30 |
| Plains All American Pipeline LP 6.125% Perpetual | USD | 600 000 | 416 733 | 0,44 |