| Security name | Curren cy | Quantity or nominal | Current value | % Net assets |
| --- | --- | --- | --- | --- |
| ZF FINANCE 3.0% 21-09-25 EMTN | EUR | 2,500,000 | 2,447,910.27 | 0.50 |
| TOTAL LUXEMBOURG |  |  | 62,332,054.60 | 12.67 |
| MEXICO |  |  |  |  |
| CEMEX SAB DE CV 3.125% 19-03-26 | EUR | 3,500,000 | 3,558,024.65 | 0.72 |
| PETROLEOS MEXICANOS 6.875% 04-08-26 | USD | 6,000,000 | 4,991,649.96 | 1.02 |
| TOTAL MEXICO |  |  | 8,549,674.61 | 1.74 |
| PANAMA |  |  |  |  |
| CARN CORP 1.875% 07-11-22 | EUR | 1,600,000 | 1,401,849.18 | 0.29 |
| CARNIVAL CORPORATION 10.125% 01-02-26 | EUR | 2,300,000 | 2,513,762.00 | 0.51 |
| CARNIVAL CORPORATION 11.5% 01-04-23 | USD | 3,400,000 | 3,261,670.16 | 0.66 |
| TOTAL PANAMA |  |  | 7,177,281.34 | 1.46 |
| NETHERLANDS |  |  |  |  |
| AXAL COAT 3.75% 15-01-25 | EUR | 4,500,000 | 4,592,298.75 | 0.94 |
| CONSTELLIUM SE 4.25% 15-02-26 | EUR | 5,000,000 | 5,060,893.06 | 1.03 |
| DUFRY ONE B.V 2.5% 31-12-24 | EUR | 6,300,000 | 5,597,091.50 | 1.14 |
| FIAT CHRYSLER AUTOMOBILES NV 3.875% 05-01-26 | EUR | 9,400,000 | 10,299,075.23 | 2.09 |
| IPD 3 BV 4.5% 15-07-22 EMTN | EUR | 3,500,000 | 3,420,952.50 | 0.70 |
| MAXEDA DIY HOLDING BV 5.875% 01-10-26 | EUR | 1,800,000 | 1,810,957.81 | 0.37 |
| OCI NV 3.125% 01-11-24 | EUR | 7,500,000 | 7,624,632.29 | 1.55 |
| OI EUROPEAN GROUP BV 2.875% 28-02-25 | EUR | 3,500,000 | 3,489,897.15 | 0.71 |
| PPF ARENA 1 BV 3.125% 27-03-26 | EUR | 4,200,000 | 4,333,566.33 | 0.88 |
| PPF ARENA 2.125% 31-01-25 EMTN | EUR | 500,000 | 499,067.36 | 0.10 |
| QPARK HOLDING I BV 1.5% 01-03-25 | EUR | 5,000,000 | 4,618,308.33 | 0.93 |
| SELECTA GROUP BV 5.875% 01-02-24 | EUR | 6,200,000 | 3,415,537.81 | 0.69 |
| SIGMA HOLDCO BV 5.75% 15-05-26 | EUR | 3,500,000 | 3,560,976.81 | 0.72 |
| SUMMER BIDCO BV 9.0% 16-11-25 | EUR | 450,000 | 481,073.83 | 0.10 |
| SUMMER BIDCO BV AUTRE V+0.0% 15-11-25 | EUR | 2,000,000 | 2,138,212.48 | 0.44 |
| SUNSHINE MID BV 6.5% 15-05-26 | EUR | 1,000,000 | 1,054,956.11 | 0.22 |
| TEVA PHARMACEUTICAL FINANCE II BV 4.25% 01-03-25 | EUR | 1,000,000 | 985,855.00 | 0.20 |
| TEVA PHARMACEUTICAL FINANCE II BV 6.0% 31-01-25 | EUR | 9,500,000 | 9,907,486.67 | 2.01 |
| TRIVIUM PACKAGING FINANCE BV 3.75% 15-08-26 | EUR | 2,250,000 | 2,257,618.12 | 0.47 |
| UNITED GROUP BV 3.125% 15-02-26 | EUR | 3,500,000 | 3,339,279.51 | 0.68 |
| ZF EUROPE FINANCE BV 2.0% 23-02-26 | EUR | 2,500,000 | 2,332,327.87 | 0.47 |
| TOTAL NETHERLANDS |  |  | 80,820,064.52 | 16.44 |
| CZECH REPUBLIC |  |  |  |  |
| ENERGOPRO AS 4.5% 04-05-24 | EUR | 3,500,000 | 3,447,977.53 | 0.70 |
| SAZKA GROUP AS 4.125% 20-11-24 | EUR | 1,800,000 | 1,760,427.00 | 0.36 |
| TOTAL CZECH REPUBLIC |  |  | 5,208,404.53 | 1.06 |
| ROMANIA |  |  |  |  |
| RCS RDS 2.5% 05-02-25 | EUR | 4,600,000 | 4,475,700.33 | 0.91 |
| TOTAL ROMANIA |  |  | 4,475,700.33 | 0.91 |
| UNITED KINGDOM |  |  |  |  |
| ALGECO SCOTSMAN GLOB FIN 6.5% 15-02-23 | EUR | 1,000,000 | 997,858.26 | 0.20 |

Translation (ENDE, 2020-09-30):
| Bezeichnung der Werte | Wäh- rung | Stückzahl, Anzahl od. nominal | Aktueller Wert | % Netto- vermö- gen |
| --- | --- | --- | --- | --- |
| ZF FINANCE 3,0 % 21.09.25 EMTN | EUR | 2.500.000 | 2.447.910,27 | 0,50 |
| SUMME LUXEMBURG |  |  | 62.332.054,60 | 12,67 |
| MEXIKO |  |  |  |  |
| CEMEX SAB DE CV 3,125 % 19.03.26 | EUR | 3.500.000 | 3.558.024,65 | 0,72 |
| PETROLEOS MEXICANOS 6,875 % 04.08.26 | USD | 6.000.000 | 4.991.649,96 | 1,02 |
| SUMME MEXIKO |  |  | 8.549.674,61 | 1,74 |
| PANAMA |  |  |  |  |
| CARN CORP 1,875 % 07.11.22 | EUR | 1.600.000 | 1.401.849,18 | 0,29 |
| CARNIVAL CORPORATION 10,125 % 01.02.26 | EUR | 2.300.000 | 2.513.762,00 | 0,51 |
| CARNIVAL CORPORATION 11,5 % 01.04.23 | USD | 3.400.000 | 3.261.670,16 | 0,66 |
| SUMME PANAMA |  |  | 7.177.281,34 | 1,46 |
| NIEDERLANDE |  |  |  |  |
| AXAL COAT 3,75 % 15.01.25 | EUR | 4.500.000 | 4.592.298,75 | 0,94 |
| CONSTELLIUM SE 4,25 % 15.02.2026 | EUR | 5.000.000 | 5.060.893,06 | 1,03 |
| DUFRY ONE B.V 2,5 % 31.12.24 | EUR | 6.300.000 | 5.597.091,50 | 1,14 |
| FIAT CHRYSLER AUTOMOBILES NV 3,875 % 05.01.26 | EUR | 9.400.000 | 10.299.075,23 | 2,09 |
| IPD 3 BV 4,5 % 15.07.22 EMTN | EUR | 3.500.000 | 3.420.952,50 | 0,70 |
| MAXEDA DIY HOLDING BV 5,875 % 01.10.2026 | EUR | 1.800.000 | 1.810.957,81 | 0,37 |
| OCI NV 3,125 % 01.11.24 | EUR | 7.500.000 | 7.624.632,29 | 1,55 |
| OI EUROPEAN GROUP BV 2,875 % 28.02.25 | EUR | 3.500.000 | 3.489.897,15 | 0,71 |
| PPF ARENA 1 BV 3,125 % 27.03.26 | EUR | 4.200.000 | 4.333.566,33 | 0,88 |
| PPF ARENA 2,125 % 31.01.25 EMTN | EUR | 500.000 | 499.067,36 | 0,10 |
| QPARK HOLDING I BV 1,5 % 01.03.25 | EUR | 5.000.000 | 4.618.308,33 | 0,93 |
| SELECTA GROUP BV 5,875 % 01.02.24 | EUR | 6.200.000 | 3.415.537,81 | 0,69 |
| SIGMA HOLDCO BV 5,75 % 15.05.26 | EUR | 3.500.000 | 3.560.976,81 | 0,72 |
| SUMMER BIDCO BV 9,0 % 16.11.25 | EUR | 450.000 | 481.073,83 | 0,10 |
| SUMMER BIDCO BV AUTRE V+0,0 % 15.11.25 | EUR | 2.000.000 | 2.138.212,48 | 0,44 |
| SUNSHINE MID BV 6,5 % 15.05.26 | EUR | 1.000.000 | 1.054.956,11 | 0,22 |
| TEVA PHARMACEUTICAL FINANCE II BV 4,25 % 01.03.2025 | EUR | 1.000.000 | 985.855,00 | 0,20 |
| TEVA PHARMACEUTICAL FINANCE II BV 6,0 % 31.01.2025 | EUR | 9.500.000 | 9.907.486,67 | 2,01 |
| TRIVIUM PACKAGING FINANCE BV 3,75 % 15.08.26 | EUR | 2.250.000 | 2.257.618,12 | 0,47 |
| UNITED GROUP BV 3,125 % 15.02.2026 | EUR | 3.500.000 | 3.339.279,51 | 0,68 |
| ZF EUROPE FINANCE BV 2,0 % 23.02.26 | EUR | 2.500.000 | 2.332.327,87 | 0,47 |
| SUMME NIEDERLANDE |  |  | 80.820.064,52 | 16,44 |
| TSCHECHISCHE REPUBLIK |  |  |  |  |
| ENERGOPRO AS 4,5 % 04.05.24 | EUR | 3.500.000 | 3.447.977,53 | 0,70 |
| SAZKA GROUP AS 4,125 % 20.11.24 | EUR | 1.800.000 | 1.760.427,00 | 0,36 |
| SUMME TSCHECHISCHE REPUBLIK |  |  | 5.208.404,53 | 1,06 |
| RUMÄNIEN |  |  |  |  |
| RCS RDS 2,5 % 05.02.25 | EUR | 4.600.000 | 4.475.700,33 | 0,91 |
| SUMME RUMÄNIEN |  |  | 4.475.700,33 | 0,91 |
| VEREINIGTES KÖNIGREICH |  |  |  |  |
| ALGECO SCOTSMAN GLOB FIN 6,5 % 15.02.23 | EUR | 1.000.000 | 997.858,26 | 0,20 |