| Name of securities | Currency | Quantity or nominal amount | Current value | % of net assets |
| --- | --- | --- | --- | --- |
| CYPRUS GOVERNMENT INTL BOND 1.25% 21-01-40 | EUR | 11,720,000 | 11,543,636.74 | 0.16 |
| TOTAL CYPRUS |  |  | 29,656,202.86 | 0.40 |
| DENMARK |  |  |  |  |
| DANSKE BK 0.5% 27-08-25 | EUR | 57,776,000 | 56,889,425.70 | 0.77 |
| DANSKE BK 0.625% 26-05-25 EMTN | EUR | 33,029,000 | 33,388,794.40 | 0.45 |
| DANSKE BK 1.375% 24-05-23 | EUR | 104,240,000 | 105,143,119.52 | 1.42 |
| DANSKE BK 1.625% 15-03-24 EMTN | EUR | 13,594,000 | 14,007,158.90 | 0.19 |
| DANSKE BK 3.001% 20-09-22 | USD | 15,800,000 | 14,412,695.34 | 0.19 |
| NYKREDIT 0.25% 20-01-23 EMTN | EUR | 7,808,000 | 7,717,389.87 | 0.10 |
| NYKREDIT 0.75% 14-07-21 | EUR | 20,894,000 | 21,113,368.16 | 0.28 |
| TOTAL DENMARK |  |  | 252,671,951.89 | 3.40 |
| SPAIN |  |  |  |  |
| BANC BILB VIZC AR 8.875% PERP | EUR | 5,600,000 | 5,910,697.38 | 0.08 |
| BANKIA SA 3.75% 15-02-29 EMTN | EUR | 23,400,000 | 23,491,244.66 | 0.32 |
| BANKIA 0.875% 25-03-24 | EUR | 25,100,000 | 25,045,615.52 | 0.34 |
| BANKIA 1.0% 25-06-24 EMTN | EUR | 13,100,000 | 12,613,917.22 | 0.17 |
| BANKINTER 0.875% 08-07-26 EMTN | EUR | 6,200,000 | 6,086,890.66 | 0.08 |
| BBVA E3R+0.6% 12-04-22 | EUR | 39,100,000 | 39,083,158.76 | 0.53 |
| BBVA 5.875% PERP | EUR | 7,800,000 | 7,618,315.96 | 0.10 |
| FERROVIAL EMISIONES 1.382% 14-05-26 | EUR | 21,100,000 | 21,417,139.07 | 0.29 |
| INTL CONSOLIDATED AIRLINES GROU 0.5% 04-07-23 | EUR | 16,100,000 | 13,031,624.61 | 0.18 |
| NT CONS FIN E3R+0.6% 10-07-21 | EUR | 23,500,000 | 23,515,032.17 | 0.32 |
| NT CONS FIN 0.875% 24-01-22 | EUR | 23,000,000 | 23,239,318.14 | 0.31 |
| NT CONS FIN 1.0% 27-02-24 EMTN | EUR | 5,200,000 | 5,288,543.64 | 0.07 |
| SPAIN GOVERNMENT BOND 0.0% 31-01-25 | EUR | 78,101,000 | 78,614,123.57 | 1.05 |
| TOTAL SPAIN |  |  | 284,955,621.36 | 3.84 |
| UNITED STATES OF AMERICA |  |  |  |  |
| AT T E3R+0.4% 03-08-20 | EUR | 77,904,000 | 77,932,653.52 | 1.05 |
| ATHENE GLOBAL FUNDING 1.875% 23-06-23 | EUR | 31,257,000 | 31,535,416.38 | 0.42 |
| BOEING 5.15% 01-05-30 | USD | 24,200,000 | 24,360,569.63 | 0.33 |
| BOEING 5.705% 01-05-40 | USD | 36,482,000 | 37,472,741.82 | 0.50 |
| EXPEDIA GROUP 6.25% 01-05-25 | USD | 4,500,000 | 4,335,266.44 | 0.06 |
| EXXON MOBIL 0.142% 26-06-24 | EUR | 35,010,000 | 34,997,863.52 | 0.47 |
| F 2.33 11/25/25 | EUR | 14,722,000 | 13,240,237.54 | 0.18 |
| FIDELITY NATL INFORMATION SCES 0.4% 15-01-21 | EUR | 6,388,000 | 6,404,142.44 | 0.09 |
| FIDELITY NATL INFORMATION SCES 0.75% 21-05-23 | EUR | 27,929,000 | 28,162,291.32 | 0.38 |
| FIDELITY NATL INFORMATION 0.125% 03-12-22 | EUR | 32,000,000 | 31,878,369.40 | 0.43 |
| FIDELITY NATL INFORMATION 0.625% 03-12-25 | EUR | 34,545,000 | 34,388,173.25 | 0.46 |
| FISERV 0.375% 01-07-23 | EUR | 8,278,000 | 8,244,393.59 | 0.11 |

Translation (ENDE, 2020-06-30):
| Wertpapierbezeichnung | Währung | Anzahl/Nennwert | Aktueller Wert | % des Netto- vermögens |
| --- | --- | --- | --- | --- |
| CYPRUS GOVERNMENT INTL BOND 1,25% 21-01-40 | EUR | 11.720.000 | 11.543.636,74 | 0,16 |
| ZYPERN INSGESAMT |  |  | 29.656.202,86 | 0,40 |
| DÄNEMARK |  |  |  |  |
| DANSKE BK 0,5% 27-08-25 | EUR | 57.776.000 | 56.889.425,70 | 0,77 |
| DANSKE BK 0,625% 26-05-25 EMTN | EUR | 33.029.000 | 33.388.794,40 | 0,45 |
| DANSKE BK 1,375% 24-05-23 | EUR | 104.240.000 | 105.143.119,52 | 1,42 |
| DANSKE BK 1,625% 15-03-24 EMTN | EUR | 13.594.000 | 14.007.158,90 | 0,19 |
| DANSKE BK 3,001% 20-09-22 | USD | 15.800.000 | 14.412.695,34 | 0,19 |
| NYKREDIT 0,25% 20-01-23 EMTN | EUR | 7.808.000 | 7.717.389,87 | 0,10 |
| NYKREDIT 0,75% 14-07-21 | EUR | 20.894.000 | 21.113.368,16 | 0,28 |
| DÄNEMARK INSGESAMT |  |  | 252.671.951,89 | 3,40 |
| SPANIEN |  |  |  |  |
| BANC BILB VIZC AR 8,875% PERP | EUR | 5.600.000 | 5.910.697,38 | 0,08 |
| BANKIA SA 3,75% 15-02-29 EMTN | EUR | 23.400.000 | 23.491.244,66 | 0,32 |
| BANKIA 0,875% 25-03-24 | EUR | 25.100.000 | 25.045.615,52 | 0,34 |
| BANKIA 1,0% 25-06-24 EMTN | EUR | 13.100.000 | 12.613.917,22 | 0,17 |
| BANKINTER 0,875% 08-07-26 EMTN | EUR | 6.200.000 | 6.086.890,66 | 0,08 |
| BBVA E3R+0,6% 12-04-22 | EUR | 39.100.000 | 39.083.158,76 | 0,53 |
| BBVA 5,875% PERP | EUR | 7.800.000 | 7.618.315,96 | 0,10 |
| FERROVIAL EMISIONES 1,382% 14-05-26 | EUR | 21.100.000 | 21.417.139,07 | 0,29 |
| INTL CONSOLIDATED AIRLINES GROU 0,5% 04-07-23 | EUR | 16.100.000 | 13.031.624,61 | 0,18 |
| NT CONS FIN E3R+0,6% 10-07-21 | EUR | 23.500.000 | 23.515.032,17 | 0,32 |
| NT CONS FIN 0,875% 24-01-22 | EUR | 23.000.000 | 23.239.318,14 | 0,31 |
| NT CONS FIN 1,0% 27-02-24 EMTN | EUR | 5.200.000 | 5.288.543,64 | 0,07 |
| SPAIN GOVERNMENT BOND 0,0% 31-01-25 | EUR | 78.101.000 | 78.614.123,57 | 1,05 |
| SPANIEN INSGESAMT |  |  | 284.955.621,36 | 3,84 |
| VEREINIGTE STAATEN VON AMERIKA |  |  |  |  |
| AT T E3R+0,4% 03-08-20 | EUR | 77.904.000 | 77.932.653,52 | 1,05 |
| ATHENE GLOBAL FUNDING 1,875% 23-06-23 | EUR | 31.257.000 | 31.535.416,38 | 0,42 |
| BOEING 5,15% 01-05-30 | USD | 24.200.000 | 24.360.569,63 | 0,33 |
| BOEING 5,705% 01-05-40 | USD | 36.482.000 | 37.472.741,82 | 0,50 |
| EXPEDIA GROUP 6,25% 01-05-25 | USD | 4.500.000 | 4.335.266,44 | 0,06 |
| EXXON MOBIL 0,142% 26-06-24 | EUR | 35.010.000 | 34.997.863,52 | 0,47 |
| F 2.33 11/25/25 | EUR | 14.722.000 | 13.240.237,54 | 0,18 |
| FIDELITY NATL INFORMATION SCES 0,4% 15-01-21 | EUR | 6.388.000 | 6.404.142,44 | 0,09 |
| FIDELITY NATL INFORMATION SCES 0,75% 21-05-23 | EUR | 27.929.000 | 28.162.291,32 | 0,38 |
| FIDELITY NATL INFORMATION 0,125% 03-12-22 | EUR | 32.000.000 | 31.878.369,40 | 0,43 |
| FIDELITY NATL INFORMATION 0,625% 03-12-25 | EUR | 34.545.000 | 34.388.173,25 | 0,46 |
| FISERV 0,375% 01-07-23 | EUR | 8.278.000 | 8.244.393,59 | 0,11 |