# Allianz Strategy 75
Investment Portfolio as at 30/09/2021
| ISIN | Securities | Shares/ Currency (in 1,000)/ Contracts | Holdings 30/09/2021 | Price | Market Value in EUR | % of Subfund assets |
| --- | --- | --- | --- | --- | --- | --- |
| Securities and money-market instruments admitted to an official stock exchange listing	554,103,378.21	91.59 |
| Bonds |  |  |  |  |  |  |  | 554,103,378.21 | 91.59 |
| Australia |  |  |  |  |  |  |  | 6,863,143.30 | 1.13 |
| XS0813400305 | 2.7500 | % | National Australia Bank EUR MTN 12/22 | EUR | 2,000.0 | % | 102.778 | 2,055,553.60 | 0.34 |
| XS0810622935 | 2.7500 | % | Wesfarmers EUR MTN 12/22 | EUR | 2,240.0 | % | 102.642 | 2,299,185.95 | 0.38 |
| XS1167295804 | 0.6250 | % | Westpac Banking EUR MTN 15/22 | EUR | 2,500.0 | % | 100.336 | 2,508,403.75 | 0.41 |
| Austria |  |  |  |  |  |  |  | 12,591,152.96 | 2.08 |
| AT0000A04967 | 4.1500 | % | Austria Government EUR Bonds 07/37 | EUR | 250.0 | % | 159.359 | 398,396.48 | 0.07 |
| AT0000A0DXC2 | 4.8500 | % | Austria Government EUR Bonds 09/26 | EUR | 300.0 | % | 124.650 | 373,951.14 | 0.06 |
| AT0000A0N9A0 | 3.6500 | % | Austria Government EUR Bonds 11/22 | EUR | 4,000.0 | % | 102.386 | 4,095,441.60 | 0.68 |
| AT0000A0VRQ6 | 3.1500 | % | Austria Government EUR Bonds 12/44 | EUR | 300.0 | % | 158.800 | 476,398.92 | 0.08 |
| AT0000A0U299 | 3.8000 | % | Austria Government EUR Bonds 12/62 | EUR | 180.0 | % | 208.455 | 375,219.38 | 0.06 |
| AT0000A105W3 | 1.7500 | % | Austria Government EUR Bonds |  |  |  |  |  |  |
| AT0000A105W3 | 1.7500 | % | 13/23 (traded in Austria) Austria Government EUR Bonds | EUR | 250.0 | % | 105.150 | 262,873.88 | 0.04 |
|  |  |  | 13/23 (traded in Germany) | EUR | 50.0 | % | 105.150 | 52,574.78 | 0.01 |
| AT0000A10683 | 2.4000 | % | Austria Government EUR Bonds 13/34 | EUR | 200.0 | % | 128.117 | 256,233.36 | 0.04 |
| AT0000A185T1 | 1.6500 | % | Austria Government EUR Bonds 14/24 S.1 | EUR | 300.0 | % | 107.231 | 321,691.53 | 0.05 |
| AT0000A2HLC4 | 0.8500 | % | Austria Government EUR Bonds 20/20 | EUR | 150.0 | % | 91.033 | 136,550.16 | 0.02 |
| AT0000383864 | 6.2500 | % | Austria Government EUR Bonds 97/27 | EUR | 600.0 | % | 139.224 | 835,346.88 | 0.14 |
| AT0000A1PE50 | 0.0000 | % | Austria Government EUR Zero- |  |  |  |  |  |  |
| AT0000A2CQD2 | 0.0000 | % | Coupon Bonds 15.07.2023 Austria Government EUR Zero- | EUR | 500.0 | % | 101.372 | 506,860.30 | 0.08 |
| AT0000A2NW83 | 0.0000 | % | Coupon Bonds 20.02.2030 Austria Government EUR Zero- | EUR | 350.0 | % | 100.723 | 352,532.22 | 0.06 |
|  |  |  | Coupon Bonds 20.02.2031 | EUR | 100.0 | % | 99.935 | 99,935.13 | 0.02 |
| AT000B049598 | 0.7500 | % | UniCredit Bank Austria EUR MTN 15/22 | EUR | 4,000.0 | % | 101.179 | 4,047,147.20 | 0.67 |
| Belgium |  |  |  |  |  |  |  | 16,536,810.93 | 2.73 |
| BE0000304130 | 5.0000 | % | Belgium Government EUR Bonds 04/35 S.44 | EUR | 420.0 | % | 162.835 | 683,907.00 | 0.11 |
| BE0000308172 | 4.0000 | % | Belgium Government EUR Bonds 06/22 S.48 | EUR | 3,000.0 | % | 102.281 | 3,068,430.00 | 0.51 |
| BE0000320292 | 4.2500 | % | Belgium Government EUR Bonds 10/41 S.60 | EUR | 300.0 | % | 167.430 | 502,289.97 | 0.08 |
| BE0000324336 | 4.5000 | % | Belgium Government EUR Bonds 11/26 S.64 | EUR | 340.0 | % | 123.000 | 418,200.00 | 0.07 |
| BE0000325341 | 4.2500 | % | Belgium Government EUR Bonds 12/22 S.65 | EUR | 2,350.0 | % | 104.892 | 2,464,962.00 | 0.41 |
| BE0000326356 | 4.0000 | % | Belgium Government EUR Bonds 12/32 S.66 | EUR | 400.0 | % | 141.261 | 565,044.00 | 0.09 |
| BE0000328378 | 2.2500 | % | Belgium Government EUR Bonds 13/23 S.68 | EUR | 300.0 | % | 105.118 | 315,354.00 | 0.05 |
| BE0000331406 | 3.7500 | % | Belgium Government EUR Bonds 13/45 S.71 | EUR | 400.0 | % | 166.032 | 664,127.96 | 0.11 |
| BE0000332412 | 2.6000 | % | Belgium Government EUR Bonds 14/24 S.72 | EUR | 650.0 | % | 108.992 | 708,448.00 | 0.12 |
| BE0000334434 | 0.8000 | % | Belgium Government EUR Bonds 15/25 S.74 | EUR | 150.0 | % | 105.232 | 157,848.00 | 0.02 |
| BE0000337460 | 1.0000 | % | Belgium Government EUR Bonds 16/26 S.77 | EUR | 100.0 | % | 107.095 | 107,095.00 | 0.02 |
| BE0000338476 | 1.6000 | % | Belgium Government EUR Bonds 16/47 S.78 | EUR | 90.0 | % | 118.437 | 106,593.29 | 0.02 |
| BE0000344532 | 1.4500 | % | Belgium Government EUR Bonds 17/37 S.84 | EUR | 320.0 | % | 115.447 | 369,430.37 | 0.06 |
| BE0000343526 | 2.2500 | % | Belgium Government EUR Bonds 17/57 S.83 | EUR | 290.0 | % | 139.962 | 405,889.77 | 0.07 |
| BE0000349580 | 0.1000 | % | Belgium Government EUR Bonds 20/30 | EUR | 900.0 | % | 101.367 | 912,302.10 | 0.15 |
| BE0000291972 | 5.5000 | % | Belgium Government EUR Bonds 98/28 S.31 | EUR | 700.0 | % | 138.680 | 970,760.00 | 0.16 |
| BE6228266902 | 4.5000 | % | FLUVIUS System Operator EUR MTN 11/21 | EUR | 2,100.0 | % | 100.468 | 2,109,825.27 | 0.35 |
| BE0002482579 | 0.4500 | % | KBC Bank EUR MTN 15/22 | EUR | 2,000.0 | % | 100.315 | 2,006,304.20 | 0.33 |
| Canada |  |  |  |  |  |  |  | 1,805,945.94 | 0.30 |
| XS1173616753 | 0.5000 | % | National Bank of Canada EUR Notes 15/22 | EUR | 1,800.0 | % | 100.330 | 1,805,945.94 | 0.30 |
| Denmark |  |  |  |  |  |  |  | 4,009,966.80 | 0.66 |
| XS1564320080 | 0.1250 | % | Danske Bank EUR MTN 17/22 | EUR | 4,000.0 | % | 100.249 | 4,009,966.80 | 0.66 |
| Finland |  |  |  |  |  |  |  | 6,537,952.61 | 1.08 |
| FI4000006176 | 4.0000 | % | Finland Government EUR Bonds 09/25 | EUR | 50.0 | % | 117.611 | 58,805.38 | 0.01 |
| FI4000047089 | 1.6250 | % | Finland Government EUR Bonds 12/22 | EUR | 1,000.0 | % | 102.263 | 1,022,629.10 | 0.17 |
| FI4000037635 | 2.7500 | % | Finland Government EUR Bonds 12/28 | EUR | 450.0 | % | 121.104 | 544,967.60 | 0.09 |
| FI4000046545 | 2.6250 | % | Finland Government EUR Bonds 12/42 | EUR | 100.0 | % | 145.235 | 145,234.81 | 0.02 |
| FI4000079041 | 2.0000 | % | Finland Government EUR Bonds 14/24 | EUR | 100.0 | % | 106.947 | 106,946.50 | 0.02 |
| FI4000148630 | 0.7500 | % | Finland Government EUR Bonds 15/31 | EUR | 250.0 | % | 107.671 | 269,176.50 | 0.04 |
| FI4000242870 | 1.3750 | % | Finland Government EUR Bonds 17/47 | EUR | 20.0 | % | 122.667 | 24,533.40 | 0.00 |

Investment Portfolio as at 30/09/2021
| ISIN | Securities | Shares/ Currency (in 1,000)/ Contracts | Holdings 30/09/2021 | Price | Market Value in EUR | % of Subfund assets |
| --- | --- | --- | --- | --- | --- | --- |
| FI4000306758 | 1.1250 | % | Finland Government EUR Bonds 18/34 | EUR | 100.0 | % | 112.079 | 112,078.87 | 0.02 |
| FI4000440557 | 0.2500 | % | Finland Government EUR Bonds 20/40 | EUR | 50.0 | % | 97.419 | 48,709.51 | 0.01 |
| FI4000480488 | 0.1250 | % | Finland Government EUR Bonds 21/52 | EUR | 100.0 | % | 88.220 | 88,219.86 | 0.02 |
| FI4000242862 | 0.0000 | % | Finland Government EUR Zero- |  |  |  |  |  |  |
| FI4000219787 | 0.0000 | % | Coupon Bonds 15.04.2022 Finland Government EUR Zero- | EUR | 4,000.0 | % | 100.381 | 4,015,226.80 | 0.66 |
|  |  |  | Coupon Bonds 15.09.2023 | EUR | 100.0 | % | 101.424 | 101,424.28 | 0.02 |
| France |  |  |  |  |  |  |  | 108,269,963.45 | 17.90 |
| XS1548802914 | 0.3750 | % | Banque Fédérative du Crédit |  |  |  |  |  |  |
| FR0013088424 | 0.5000 | % | Mutuel EUR MTN 17/22 Caisse Française de Financement | EUR | 2,300.0 | % | 100.306 | 2,307,042.83 | 0.38 |
| FR0011181171 | 4.2500 | % | Local EUR MTN 16/22 Compagnie de Financement | EUR | 3,000.0 | % | 100.548 | 3,016,425.60 | 0.50 |
| FR0012299394 | 0.6250 | % | Foncier EUR MTN 12/22 Compagnie de Financement | EUR | 2,500.0 | % | 101.425 | 2,535,623.75 | 0.42 |
| FR0013135282 | 0.2500 | % | Foncier EUR MTN 14/21 Compagnie de Financement | EUR | 2,000.0 | % | 100.127 | 2,002,546.00 | 0.33 |
| XS0760364116 | 3.6250 | % | Foncier EUR MTN 16/22 Compagnie de Saint-Gobain | EUR | 2,800.0 | % | 100.361 | 2,810,118.08 | 0.46 |
|  |  |  | EUR MTN 12/22 | EUR | 2,700.0 | % | 101.962 | 2,752,984.26 | 0.46 |
| FR0012936656 | 0.3750 | % | Crédit Agricole Home Loan EUR MTN 15/21 | EUR | 4,400.0 | % | 100.046 | 4,402,040.28 | 0.73 |
| FR0013113453 | 0.3750 | % | Crédit Mutuel Home Loan EUR MTN 16/22 | EUR | 3,000.0 | % | 100.855 | 3,025,641.00 | 0.50 |
| FR0012452217 | 0.5000 | % | Crédit Mutuel Home Loan EUR Notes 15/22 | EUR | 3,700.0 | % | 100.328 | 3,712,154.13 | 0.61 |
| FR0000187635 | 5.7500 | % | France Government EUR Bonds 01/32 | EUR | 1,550.0 | % | 161.892 | 2,509,326.00 | 0.41 |
| FR0010070060 | 4.7500 | % | France Government EUR Bonds 04/35 | EUR | 70.0 | % | 159.495 | 111,646.50 | 0.02 |
| FR0010171975 | 4.0000 | % | France Government EUR Bonds 05/55 | EUR | 800.0 | % | 189.894 | 1,519,151.92 | 0.25 |
| FR0010371401 | 4.0000 | % | France Government EUR Bonds 06/38 | EUR | 800.0 | % | 158.349 | 1,266,791.92 | 0.21 |
| FR0010773192 | 4.5000 | % | France Government EUR Bonds 09/41 | EUR | 570.0 | % | 173.137 | 986,880.84 | 0.16 |
| FR0010916924 | 3.5000 | % | France Government EUR Bonds 10/26 | EUR | 1,500.0 | % | 118.295 | 1,774,425.00 | 0.29 |
| FR0011059088 | 3.2500 | % | France Government EUR Bonds 11/21 | EUR | 4,000.0 | % | 100.231 | 4,009,240.00 | 0.66 |
| FR0011317783 | 2.7500 | % | France Government EUR Bonds 12/27 | EUR | 1,050.0 | % | 118.956 | 1,249,038.00 | 0.21 |
| FR0011486067 | 1.7500 | % | France Government EUR Bonds 13/23 | EUR | 2,290.0 | % | 104.032 | 2,382,332.80 | 0.39 |
| FR0011619436 | 2.2500 | % | France Government EUR Bonds 13/24 | EUR | 400.0 | % | 107.722 | 430,888.00 | 0.07 |
| FR0011461037 | 3.2500 | % | France Government EUR Bonds 13/45 | EUR | 630.0 | % | 156.297 | 984,671.04 | 0.16 |
| FR0011883966 | 2.5000 | % | France Government EUR Bonds 14/30 | EUR | 1,560.0 | % | 122.190 | 1,906,163.84 | 0.32 |
| FR0012517027 | 0.5000 | % | France Government EUR Bonds 15/25 | EUR | 1,900.0 | % | 103.890 | 1,973,910.00 | 0.33 |
| FR0013200813 | 0.2500 | % | France Government EUR Bonds 16/26 | EUR | 750.0 | % | 103.418 | 775,634.93 | 0.13 |
| FR0013154044 | 1.2500 | % | France Government EUR Bonds 16/36 | EUR | 300.0 | % | 112.059 | 336,176.97 | 0.06 |
| FR0013154028 | 1.7500 | % | France Government EUR Bonds 16/66 | EUR | 450.0 | % | 127.259 | 572,665.50 | 0.09 |
| FR0013250560 | 1.0000 | % | France Government EUR Bonds 17/27 | EUR | 1,200.0 | % | 107.710 | 1,292,520.00 | 0.21 |
| FR0013286192 | 0.7500 | % | France Government EUR Bonds 17/28 | EUR | 200.0 | % | 106.699 | 213,398.00 | 0.04 |
| FR0013257524 | 2.0000 | % | France Government EUR Bonds 17/48 | EUR | 1,000.0 | % | 129.415 | 1,294,149.90 | 0.21 |
| FR0013313582 | 1.2500 | % | France Government EUR Bonds 18/34 | EUR | 450.0 | % | 111.794 | 503,072.96 | 0.08 |
| FR0013515806 | 0.5000 | % | France Government EUR Bonds 20/40 | EUR | 400.0 | % | 98.323 | 393,290.76 | 0.07 |
| FR0000571218 | 5.5000 | % | France Government EUR Bonds 98/29 | EUR | 1,300.0 | % | 143.205 | 1,861,664.87 | 0.31 |
| FR0126461690 | 0.0000 | % | France Government EUR Zero- |  |  |  |  |  |  |
| FR0126461682 | 0.0000 | % | Coupon Bonds 04.11.2021 France Government EUR Zero- | EUR | 4,500.0 | % | 100.061 | 4,502,722.50 | 0.74 |
| FR0126893561 | 0.0000 | % | Coupon Bonds 06.10.2021 France Government EUR Zero- | EUR | 4,500.0 | % | 100.011 | 4,500,488.25 | 0.74 |
| FR0013398583 | 0.0000 | % | Coupon Bonds 13.07.2022 France Government EUR Zero- | EUR | 10,000.0 | % | 100.529 | 10,052,893.00 | 1.66 |
| FR0013508470 | 0.0000 | % | Coupon Bonds 25.02.2022 France Government EUR Zero- | EUR | 7,700.0 | % | 100.287 | 7,722,099.00 | 1.28 |
| FR0013283686 | 0.0000 | % | Coupon Bonds 25.02.2026 France Government EUR Zero- | EUR | 800.0 | % | 102.063 | 816,504.00 | 0.14 |
| FR0013344751 | 0.0000 | % | Coupon Bonds 25.03.2023 France Government EUR Zero- | EUR | 1,550.0 | % | 101.038 | 1,566,089.00 | 0.26 |
|  |  |  | Coupon Bonds 25.03.2024 | EUR | 900.0 | % | 101.587 | 914,283.00 | 0.15 |

Investment Portfolio as at 30/09/2021
| ISIN | Securities | Shares/ Currency (in 1,000)/ Contracts | Holdings 30/09/2021 | Price | Market Value in EUR | % of Subfund assets |
| --- | --- | --- | --- | --- | --- | --- |
| FR0013415627 | 0.0000 | % | France Government EUR Zero- |  |  |  |  |  |  |
| FR0013451507 | 0.0000 | % | Coupon Bonds 25.03.2025 France Government EUR Zero- | EUR | 800.0 | % | 101.996 | 815,968.00 | 0.14 |
| FR0013516549 | 0.0000 | % | Coupon Bonds 25.11.2029 France Government EUR Zero- | EUR | 1,700.0 | % | 100.602 | 1,710,233.83 | 0.28 |
|  |  |  | Coupon Bonds 25.11.2030 | EUR | 400.0 | % | 99.718 | 398,871.96 | 0.07 |
| FR0012759744 | 1.2500 | % | RCI Banque EUR MTN 15/22 | EUR | 2,000.0 | % | 101.093 | 2,021,855.80 | 0.33 |
| FR0013230737 | 0.7500 | % | RCI Banque EUR MTN 17/22 | EUR | 3,000.0 | % | 100.042 | 3,001,248.30 | 0.50 |
| FR0012146777 | 1.1250 | % | Sanofi EUR MTN 14/22 | EUR | 2,000.0 | % | 100.316 | 2,006,314.60 | 0.33 |
| XS1500337644 | 0.1250 | % | Société Générale EUR MTN 16/21 | EUR | 1,800.0 | % | 100.002 | 1,800,041.04 | 0.30 |
| FR0013365491 | 0.2500 | % | Société Générale EUR MTN 18/22 | EUR | 2,400.0 | % | 100.225 | 2,405,402.16 | 0.40 |
| FR0013422003 | 0.0000 | % | Société Générale EUR Zero- |  |  |  |  |  |  |
| XS0994990280 | 2.1250 | % | Coupon MTN 27.05.2022 TotalEnergies Capital International | EUR | 3,800.0 | % | 100.341 | 3,812,965.22 | 0.63 |
|  |  |  | EUR MTN 13/21 | EUR | 2,300.0 | % | 100.338 | 2,307,771.01 | 0.38 |
| FR0013044294 | 0.3000 | % | UNEDIC ASSEO EUR MTN 15/21 | EUR | 3,000.0 | % | 100.087 | 3,002,597.10 | 0.50 |
| Germany |  |  |  |  |  |  |  | 82,755,423.15 | 13.68 |
| XS0811690550 | 2.6250 | % | Bertelsmann EUR MTN 12/22 | EUR | 1,500.0 | % | 102.552 | 1,538,283.60 | 0.25 |
| DE000A1R04X6 | 2.2500 | % | Daimler EUR MTN 14/22 | EUR | 2,500.0 | % | 100.836 | 2,520,907.75 | 0.42 |
| DE000DL19TA6 | 1.5000 | % | Deutsche Bank EUR MTN 17/22 | EUR | 4,000.0 | % | 100.584 | 4,023,363.20 | 0.66 |
| DE000DL19UR8 | 1.8750 | % | Deutsche Bank EUR MTN 19/22 | EUR | 3,400.0 | % | 100.829 | 3,428,198.58 | 0.57 |
| DE000DHY4457 | 0.1250 | % | Deutsche Hypothekenbank EUR MTN 15/22 | EUR | 5,900.0 | % | 100.366 | 5,921,621.14 | 0.98 |
| DE000DHY5066 | 0.0100 | % | Deutsche Hypothekenbank |  |  |  |  |  |  |
|  |  |  | EUR Notes 19/22 S.506 | EUR | 2,150.0 | % | 100.522 | 2,161,233.54 | 0.36 |
| DE000A2E4ZE9 | 0.0500 | % | Deutsche Pfandbriefbank EUR MTN 17/22 | EUR | 2,600.0 | % | 100.536 | 2,613,931.58 | 0.43 |
| DE000A2TSDX2 | 0.0100 | % | DZ HYP EUR MTN 19/21 | EUR | 2,000.0 | % | 100.022 | 2,000,442.80 | 0.33 |
| DE0001135176 | 5.5000 | % | Germany Government EUR Bonds 00/31 | EUR | 100.0 | % | 155.189 | 155,188.99 | 0.03 |
| DE0001135226 | 4.7500 | % | Germany Government EUR Bonds 03/34 S.3 | EUR | 200.0 | % | 163.772 | 327,544.00 | 0.05 |
| DE0001135275 | 4.0000 | % | Germany Government EUR Bonds 05/37 S.5 | EUR | 600.0 | % | 162.351 | 974,106.00 | 0.16 |
| DE0001135325 | 4.2500 | % | Germany Government EUR |  |  |  |  |  |  |
|  |  |  | Bonds 07/39 S.2007 | EUR | 300.0 | % | 175.832 | 527,496.00 | 0.09 |
| DE0001135465 | 2.0000 | % | Germany Government EUR Bonds 11/22 | EUR | 4,500.0 | % | 100.703 | 4,531,635.00 | 0.75 |
| DE0001135473 | 1.7500 | % | Germany Government EUR Bonds 12/22 | EUR | 3,600.0 | % | 101.869 | 3,667,284.00 | 0.61 |
| DE0001135499 | 1.5000 | % | Germany Government EUR Bonds 12/22 | EUR | 5,400.0 | % | 102.061 | 5,511,294.00 | 0.91 |
| DE0001135481 | 2.5000 | % | Germany Government EUR Bonds 12/44 | EUR | 850.0 | % | 154.280 | 1,311,379.92 | 0.22 |
| DE0001102309 | 1.5000 | % | Germany Government EUR Bonds 13/23 | EUR | 2,100.0 | % | 103.087 | 2,164,827.00 | 0.36 |
| DE0001102325 | 2.0000 | % | Germany Government EUR Bonds 13/23 | EUR | 2,130.0 | % | 105.194 | 2,240,632.20 | 0.37 |
| DE0001102341 | 2.5000 | % | Germany Government EUR Bonds 14/46 | EUR | 650.0 | % | 157.755 | 1,025,407.50 | 0.17 |
| DE0001102374 | 0.5000 | % | Germany Government EUR Bonds 15/25 | EUR | 2,100.0 | % | 104.103 | 2,186,163.00 | 0.36 |
| DE0001102390 | 0.5000 | % | Germany Government EUR Bonds 16/26 | EUR | 750.0 | % | 105.036 | 787,770.00 | 0.13 |
| DE0001102432 | 1.2500 | % | Germany Government EUR Bonds 17/48 | EUR | 350.0 | % | 127.412 | 445,942.00 | 0.07 |
| DE0001135044 | 6.5000 | % | Germany Government EUR |  |  |  |  |  |  |
| DE0001141745 | 0.0000 | % | Bonds 97/27 S.97 Germany Government EUR Zero- | EUR | 1,300.0 | % | 141.328 | 1,837,264.00 | 0.30 |
| DE0001102499 | 0.0000 | % | Coupon Bonds 08.10.2021 S.174 Germany Government EUR Zero- | EUR | 4,000.0 | % | 100.010 | 4,000,399.60 | 0.66 |
| DE0001102515 | 0.0000 | % | Coupon Bonds 15.02.2030 Germany Government EUR Zero- | EUR | 750.0 | % | 102.945 | 772,087.43 | 0.13 |
| DE0001102408 | 0.0000 | % | Coupon Bonds 15.05.2035 Germany Government EUR Zero- | EUR | 715.0 | % | 100.344 | 717,459.60 | 0.12 |
| DE0001102473 | 0.0000 | % | Coupon Bonds 15.08.2026 Germany Government EUR Zero- | EUR | 500.0 | % | 102.936 | 514,680.00 | 0.08 |
| DE0001102507 | 0.0000 | % | Coupon Bonds 15.08.2029 Germany Government EUR Zero- | EUR | 1,900.0 | % | 102.999 | 1,956,981.00 | 0.32 |
| DE0001102481 | 0.0000 | % | Coupon Bonds 15.08.2030 Germany Government EUR Zero- | EUR | 450.0 | % | 102.759 | 462,415.46 | 0.08 |
| DE0001102523 | 0.0000 | % | Coupon Bonds 15.08.2050 Germany Government EUR Zero- | EUR | 260.0 | % | 93.176 | 242,257.57 | 0.04 |
| DE000LB06DE3 | 0.2500 | % | Coupon Bonds 15.11.2027 Landesbank Baden-Württemberg | EUR | 1,200.0 | % | 103.037 | 1,236,444.00 | 0.20 |
|  |  |  | EUR MTN 15/21 | EUR | 1,800.0 | % | 100.050 | 1,800,899.64 | 0.30 |

Investment Portfolio as at 30/09/2021
| ISIN | Securities | Shares/ Currency (in 1,000)/ Contracts | Holdings 30/09/2021 | Price | Market Value in EUR | % of Subfund assets |
| --- | --- | --- | --- | --- | --- | --- |
| DE000LB09PR3 | 0.0500 | % | Landesbank Baden-Württemberg |  |  |  |  |  |  |
|  |  |  | EUR MTN 16/21 | EUR | 2,500.0 | % | 100.068 | 2,501,692.75 | 0.41 |
| DE000A2TSTD0 | 0.2500 | % | SAP EUR Notes 18/22 | EUR | 3,000.0 | % | 100.269 | 3,008,083.20 | 0.50 |
| DE000SK003C7 | 0.3750 | % | Sparkasse KölnBonn EUR MTN 15/22 | EUR | 4,300.0 | % | 100.632 | 4,327,190.62 | 0.72 |
| DE000HV2AMD0 | 0.1250 | % | UniCredit Bank EUR MTN 16/22 | EUR | 2,700.0 | % | 100.314 | 2,708,474.49 | 0.45 |
| XS1216647716 | 0.7500 | % | Volkswagen Financial Services |  |  |  |  |  |  |
|  |  |  | EUR MTN 15/21 | EUR | 1,400.0 | % | 100.033 | 1,400,465.50 | 0.23 |
| XS0823975585 | 2.3750 | % | Volkswagen Leasing EUR MTN 12/22 | EUR | 3,100.0 | % | 102.528 | 3,178,373.89 | 0.53 |
| XS1050917373 | 2.1250 | % | Volkswagen Leasing EUR MTN 14/22 | EUR | 2,000.0 | % | 101.280 | 2,025,602.60 | 0.33 |
| Ireland |  |  |  |  |  |  |  | 16,870,198.47 | 2.79 |
| XS1228148158 | 0.3750 | % | Bank of Ireland Mortgage |  |  |  |  |  |  |
|  |  |  | Bank EUR MTN 15/22 | EUR | 4,000.0 | % | 100.568 | 4,022,714.80 | 0.67 |
| XS1554373164 | 0.8750 | % | Fresenius Finance Ireland EUR Notes 17/22 | EUR | 3,016.0 | % | 100.114 | 3,019,424.97 | 0.50 |
| IE00B4TV0D44 | 5.4000 | % | Ireland Government EUR Bonds 09/25 | EUR | 150.0 | % | 120.693 | 181,039.50 | 0.03 |
| IE00BJ38CR43 | 2.4000 | % | Ireland Government EUR Bonds 14/30 | EUR | 100.0 | % | 121.113 | 121,113.00 | 0.02 |
| IE00BJ38CQ36 | 0.8000 | % | Ireland Government EUR Bonds 15/22 | EUR | 7,500.0 | % | 100.667 | 7,550,025.00 | 1.25 |
| IE00BV8C9186 | 2.0000 | % | Ireland Government EUR Bonds 15/45 | EUR | 180.0 | % | 128.255 | 230,859.00 | 0.04 |
| IE00BV8C9418 | 1.0000 | % | Ireland Government EUR Bonds 16/26 | EUR | 300.0 | % | 106.747 | 320,241.00 | 0.05 |
| IE00BV8C9B83 | 1.7000 | % | Ireland Government EUR Bonds 17/37 | EUR | 50.0 | % | 118.642 | 59,321.00 | 0.01 |
| IE00BDHDPR44 | 0.9000 | % | Ireland Government EUR Bonds 18/28 | EUR | 300.0 | % | 107.600 | 322,800.00 | 0.05 |
| IE00BFZRPZ02 | 1.3000 | % | Ireland Government EUR Bonds 18/33 | EUR | 450.0 | % | 112.324 | 505,458.00 | 0.08 |
| IE00BH3SQB22 | 1.5000 | % | Ireland Government EUR Bonds 19/50 | EUR | 70.0 | % | 115.986 | 81,190.20 | 0.01 |
| IE00BKFVC899 | 0.2000 | % | Ireland Government EUR Bonds 20/30 | EUR | 450.0 | % | 101.336 | 456,012.00 | 0.08 |
| Italy |  |  |  |  |  |  |  | 107,974,600.84 | 17.85 |
| XS0976307040 | 3.2500 | % | Hera EUR MTN 13/21 | EUR | 1,000.0 | % | 100.000 | 1,000,000.00 | 0.17 |
| IT0005426504 | 0.0000 | % | Italy Buoni Ordinari Del Tesoro EUR |  |  |  |  |  |  |
| IT0005444507 | 0.0000 | % | Zero-Coupon Bonds 12.11.2021 Italy Buoni Ordinari Del Tesoro EUR | EUR | 5,250.0 | % | 100.068 | 5,253,550.58 | 0.87 |
| IT0005433146 | 0.0000 | % | Zero-Coupon Bonds 13.05.2022 Italy Buoni Ordinari Del Tesoro EUR | EUR | 5,100.0 | % | 100.353 | 5,118,016.77 | 0.85 |
| IT0005434953 | 0.0000 | % | Zero-Coupon Bonds 14.01.2022 Italy Buoni Ordinari Del Tesoro EUR | EUR | 6,000.0 | % | 100.187 | 6,011,241.60 | 0.99 |
| IT0005423147 | 0.0000 | % | Zero-Coupon Bonds 14.02.2022 Italy Buoni Ordinari Del Tesoro EUR | EUR | 5,500.0 | % | 100.230 | 5,512,662.10 | 0.91 |
| IT0005429342 | 0.0000 | % | Zero-Coupon Bonds 14.10.2021 Italy Buoni Ordinari Del Tesoro EUR | EUR | 4,650.0 | % | 100.020 | 4,650,932.33 | 0.77 |
| IT0001444378 | 6.0000 | % | Zero-Coupon Bonds 14.12.2021 Italy Buoni Poliennali Del | EUR | 4,700.0 | % | 100.119 | 4,705,585.48 | 0.78 |
| IT0003535157 | 5.0000 | % | Tesoro EUR Bonds 00/31 Italy Buoni Poliennali Del | EUR | 450.0 | % | 148.800 | 669,599.96 | 0.11 |
| IT0003934657 | 4.0000 | % | Tesoro EUR Bonds 03/34 Italy Buoni Poliennali Del | EUR | 1,175.0 | % | 146.896 | 1,726,027.88 | 0.29 |
| IT0004286966 | 5.0000 | % | Tesoro EUR Bonds 05/37 Italy Buoni Poliennali Del | EUR | 1,550.0 | % | 137.987 | 2,138,798.35 | 0.35 |
| IT0004356843 | 4.7500 | % | Tesoro EUR Bonds 07/39 Italy Buoni Poliennali Del | EUR | 150.0 | % | 157.215 | 235,822.49 | 0.04 |
| IT0004759673 | 5.0000 | % | Tesoro EUR Bonds 08/23 Italy Buoni Poliennali Del | EUR | 970.0 | % | 109.564 | 1,062,770.80 | 0.18 |
| IT0004801541 | 5.5000 | % | Tesoro EUR Bonds 11/22 Italy Buoni Poliennali Del | EUR | 7,600.0 | % | 102.277 | 7,773,052.00 | 1.28 |
| IT0004923998 | 4.7500 | % | Tesoro EUR Bonds 12/22 Italy Buoni Poliennali Del | EUR | 6,750.0 | % | 105.476 | 7,119,630.00 | 1.18 |
| IT0005045270 | 2.5000 | % | Tesoro EUR Bonds 13/44 Italy Buoni Poliennali Del | EUR | 450.0 | % | 160.991 | 724,459.46 | 0.12 |
| IT0005024234 | 3.5000 | % | Tesoro EUR Bonds 14/24 Italy Buoni Poliennali Del | EUR | 2,800.0 | % | 108.587 | 3,040,436.00 | 0.50 |
| IT0005086886 | 1.3500 | % | Tesoro EUR Bonds 14/30 Italy Buoni Poliennali Del | EUR | 360.0 | % | 123.738 | 445,456.76 | 0.07 |
| IT0005135840 | 1.4500 | % | Tesoro EUR Bonds 15/22 Italy Buoni Poliennali Del | EUR | 3,000.0 | % | 101.019 | 3,030,570.00 | 0.50 |
|  |  |  | Tesoro EUR Bonds 15/22 | EUR | 3,650.0 | % | 101.867 | 3,718,145.50 | 0.61 |

Investment Portfolio as at 30/09/2021
| ISIN | Securities | Shares/ Currency (in 1,000)/ Contracts | Holdings 30/09/2021 | Price | Market Value in EUR | % of Subfund assets |
| --- | --- | --- | --- | --- | --- | --- |
| IT0005083057 | 3.2500 | % | Italy Buoni Poliennali Del |  |  |  |  |  |  |
| IT0005216491 | 0.3500 | % | Tesoro EUR Bonds 15/46 Italy Buoni Poliennali Del | EUR | 690.0 | % | 132.673 | 915,443.63 | 0.15 |
| IT0005162828 | 2.7000 | % | Tesoro EUR Bonds 16/21 Italy Buoni Poliennali Del | EUR | 4,800.0 | % | 100.071 | 4,803,408.00 | 0.79 |
| IT0005217390 | 2.8000 | % | Tesoro EUR Bonds 16/47 Italy Buoni Poliennali Del | EUR | 300.0 | % | 121.336 | 364,007.97 | 0.06 |
| IT0005277444 | 0.9000 | % | Tesoro EUR Bonds 16/67 Italy Buoni Poliennali Del | EUR | 280.0 | % | 119.186 | 333,720.77 | 0.06 |
| IT0005246340 | 1.8500 | % | Tesoro EUR Bonds 17/22 Italy Buoni Poliennali Del | EUR | 4,950.0 | % | 101.174 | 5,008,113.00 | 0.83 |
| IT0005348443 | 2.3000 | % | Tesoro EUR Bonds 17/24 Italy Buoni Poliennali Del | EUR | 1,350.0 | % | 105.607 | 1,425,694.50 | 0.24 |
| IT0005325946 | 0.9500 | % | Tesoro EUR Bonds 18/21 Italy Buoni Poliennali Del | EUR | 6,150.0 | % | 100.081 | 6,154,981.50 | 1.02 |
| IT0005344335 | 2.4500 | % | Tesoro EUR Bonds 18/23 Italy Buoni Poliennali Del | EUR | 700.0 | % | 101.995 | 713,965.00 | 0.12 |
| IT0005345183 | 2.5000 | % | Tesoro EUR Bonds 18/23 Italy Buoni Poliennali Del | EUR | 1,460.0 | % | 105.726 | 1,543,599.60 | 0.25 |
| IT0005340929 | 2.8000 | % | Tesoro EUR Bonds 18/25 Italy Buoni Poliennali Del | EUR | 750.0 | % | 110.495 | 828,712.50 | 0.14 |
| IT0005321325 | 2.9500 | % | Tesoro EUR Bonds 18/28 Italy Buoni Poliennali Del | EUR | 1,000.0 | % | 116.551 | 1,165,509.90 | 0.19 |
| IT0005366007 | 1.0000 | % | Tesoro EUR Bonds 18/38 Italy Buoni Poliennali Del | EUR | 500.0 | % | 124.392 | 621,959.95 | 0.10 |
| IT0005358806 | 3.3500 | % | Tesoro EUR Bonds 19/22 Italy Buoni Poliennali Del | EUR | 8,000.0 | % | 101.204 | 8,096,320.00 | 1.34 |
| IT0005405318 | 0.6000 | % | Tesoro EUR Bonds 19/35 Italy Buoni Poliennali Del | EUR | 950.0 | % | 127.524 | 1,211,477.91 | 0.20 |
| IT0005408502 | 1.8500 | % | Tesoro EUR Bonds 20/23 Italy Buoni Poliennali Del | EUR | 300.0 | % | 101.850 | 305,550.00 | 0.05 |
| IT0005416570 | 0.9500 | % | Tesoro EUR Bonds 20/25 Italy Buoni Poliennali Del | EUR | 1,400.0 | % | 107.277 | 1,501,878.00 | 0.25 |
| IT0005403396 | 0.9500 | % | Tesoro EUR Bonds 20/27 Italy Buoni Poliennali Del | EUR | 950.0 | % | 103.943 | 987,458.41 | 0.16 |
| IT0005398406 | 2.4500 | % | Tesoro EUR Bonds 20/30 Italy Buoni Poliennali Del | EUR | 750.0 | % | 102.228 | 766,709.93 | 0.13 |
| IT0001086567 | 7.2500 | % | Tesoro EUR Bonds 20/50 Italy Buoni Poliennali Del | EUR | 300.0 | % | 116.023 | 348,068.97 | 0.06 |
| IT0001174611 | 6.5000 | % | Tesoro EUR Bonds 97/26 Italy Buoni Poliennali Del | EUR | 1,100.0 | % | 136.284 | 1,499,123.89 | 0.25 |
| IT0001278511 | 5.2500 | % | Tesoro EUR Bonds 97/27 Italy Buoni Poliennali Del | EUR | 1,300.0 | % | 137.314 | 1,785,081.87 | 0.29 |
| XS1178105851 | 0.8750 | % | Tesoro EUR Bonds 98/29 Terna - Rete Elettrica Nazionale | EUR | 1,200.0 | % | 137.323 | 1,647,875.88 | 0.27 |
|  |  |  | EUR MTN 15/22 | EUR | 2,000.0 | % | 100.459 | 2,009,181.60 | 0.33 |
| Portugal |  |  |  |  |  |  |  | 6,794,029.97 | 1.12 |
| PTPBTHGE0042 | 0.0000 | % | Portugal Government EUR Zero- |  |  |  |  |  |  |
| PTOTE5OE0007 | 4.1000 | % | Coupon Bonds 22.07.2022 Portugal Obrigações do | EUR | 3,900.0 | % | 100.562 | 3,921,921.12 | 0.65 |
| PTOTEQOE0015 | 5.6500 | % | Tesouro EUR Bonds 06/37 Portugal Obrigações do | EUR | 200.0 | % | 150.832 | 301,664.00 | 0.05 |
| PTOTEROE0014 | 3.8750 | % | Tesouro EUR Bonds 13/24 Portugal Obrigações do | EUR | 750.0 | % | 115.060 | 862,950.00 | 0.14 |
| PTOTEKOE0011 | 2.8750 | % | Tesouro EUR Bonds 14/30 Portugal Obrigações do | EUR | 350.0 | % | 131.708 | 460,978.00 | 0.07 |
| PTOTEBOE0020 | 4.1000 | % | Tesouro EUR Bonds 15/25 Portugal Obrigações do | EUR | 200.0 | % | 113.848 | 227,696.00 | 0.04 |
| PTOTETOE0012 | 2.8750 | % | Tesouro EUR Bonds 15/45 Portugal Obrigações do | EUR | 100.0 | % | 165.208 | 165,208.00 | 0.03 |
| PTOTEVOE0018 | 2.1250 | % | Tesouro EUR Bonds 16/26 Portugal Obrigações do | EUR | 190.0 | % | 115.904 | 220,217.60 | 0.03 |
| PTOTEWOE0017 | 2.2500 | % | Tesouro EUR Bonds 18/28 Portugal Obrigações do | EUR | 350.0 | % | 115.787 | 405,254.50 | 0.07 |
|  |  |  | Tesouro EUR Bonds 18/34 | EUR | 150.0 | % | 121.095 | 181,642.50 | 0.03 |

Investment Portfolio as at 30/09/2021
| ISIN | Securities | Shares/ Currency (in 1,000)/ Contracts | Holdings 30/09/2021 | Price | Market Value in EUR | % of Subfund assets |
| --- | --- | --- | --- | --- | --- | --- |
| PTOTECOE0037 | 1.0000 | % | Portugal Obrigações do |  |  |  |  |  |  |
|  |  |  | Tesouro EUR Bonds 21/52 | EUR | 50.0 | % | 92.997 | 46,498.25 | 0.01 |
| Spain |  |  |  |  |  |  |  | 88,009,207.97 | 14.55 |
| XS1548914800 | 0.6250 | % | Banco Bilbao Vizcaya Argentaria |  |  |  |  |  |  |
|  |  |  | EUR MTN 17/22 | EUR | 3,700.0 | % | 100.337 | 3,712,454.20 | 0.61 |
| ES0413860398 | 0.8750 | % | Banco de Sabadell EUR Notes 14/21 | EUR | 2,800.0 | % | 100.150 | 2,804,211.20 | 0.46 |
| ES0413790439 | 1.0000 | % | Banco Santander EUR Notes 16/22 | EUR | 2,400.0 | % | 100.652 | 2,415,649.68 | 0.40 |
| ES0413307101 | 1.1250 | % | CaixaBank EUR Notes 15/22 | EUR | 3,900.0 | % | 101.340 | 3,952,260.00 | 0.65 |
| ES0415306036 | 0.5000 | % | Caja Rural de Navarra EUR Notes 15/22 | EUR | 3,000.0 | % | 100.470 | 3,014,102.10 | 0.50 |
| XS1052843908 | 2.5000 | % | Enagas Financiaciones EUR MTN 14/22 | EUR | 1,500.0 | % | 101.523 | 1,522,848.75 | 0.25 |
| XS1690133811 | 0.5000 | % | Santander Consumer Finance |  |  |  |  |  |  |
|  |  |  | EUR MTN 17/21 | EUR | 2,100.0 | % | 100.000 | 2,100,000.00 | 0.35 |
| ES0000012411 | 5.7500 | % | Spain Government EUR Bonds 01/32 | EUR | 380.0 | % | 156.397 | 594,308.60 | 0.10 |
| ES0000012932 | 4.2000 | % | Spain Government EUR Bonds 05/37 | EUR | 800.0 | % | 150.202 | 1,201,616.00 | 0.20 |
| ES00000121S7 | 4.7000 | % | Spain Government EUR Bonds 09/41 | EUR | 620.0 | % | 167.355 | 1,037,601.00 | 0.17 |
| ES00000123K0 | 5.8500 | % | Spain Government EUR Bonds 11/22 | EUR | 4,720.0 | % | 102.128 | 4,820,441.60 | 0.80 |
| ES00000123X3 | 4.4000 | % | Spain Government EUR Bonds 13/23 | EUR | 1,700.0 | % | 110.379 | 1,876,443.00 | 0.31 |
| ES00000126Z1 | 1.6000 | % | Spain Government EUR Bonds 15/25 | EUR | 800.0 | % | 107.366 | 858,928.00 | 0.14 |
| ES00000127A2 | 1.9500 | % | Spain Government EUR Bonds 15/30 | EUR | 750.0 | % | 114.996 | 862,470.00 | 0.14 |
| ES00000127Z9 | 1.9500 | % | Spain Government EUR Bonds 16/26 | EUR | 1,200.0 | % | 110.362 | 1,324,344.00 | 0.22 |
| ES00000128C6 | 2.9000 | % | Spain Government EUR Bonds 16/46 | EUR | 1,000.0 | % | 137.772 | 1,377,720.00 | 0.23 |
| ES00000128E2 | 3.4500 | % | Spain Government EUR Bonds 16/66 | EUR | 300.0 | % | 155.215 | 465,645.00 | 0.08 |
| ES00000128O1 | 0.4000 | % | Spain Government EUR Bonds 17/22 | EUR | 6,750.0 | % | 100.593 | 6,790,027.50 | 1.12 |
| ES0000012A97 | 0.4500 | % | Spain Government EUR Bonds 17/22 | EUR | 600.0 | % | 101.184 | 607,104.00 | 0.10 |
| ES0000012A89 | 1.4500 | % | Spain Government EUR Bonds 17/27 | EUR | 1,200.0 | % | 109.477 | 1,313,724.00 | 0.22 |
| ES00000128Q6 | 2.3500 | % | Spain Government EUR Bonds 17/33 | EUR | 610.0 | % | 120.701 | 736,276.10 | 0.12 |
| ES0000012C46 | 0.0500 | % | Spain Government EUR Bonds 18/21 | EUR | 4,000.0 | % | 100.052 | 4,002,080.00 | 0.66 |
| ES0000012B62 | 0.3500 | % | Spain Government EUR Bonds 18/23 | EUR | 50.0 | % | 101.691 | 50,845.50 | 0.01 |
| ES0000012B39 | 1.4000 | % | Spain Government EUR Bonds 18/28 | EUR | 1,150.0 | % | 109.409 | 1,258,203.50 | 0.21 |
| ES0000012E69 | 1.8500 | % | Spain Government EUR Bonds 19/35 | EUR | 100.0 | % | 115.045 | 115,045.00 | 0.02 |
| ES0000012F76 | 0.5000 | % | Spain Government EUR Bonds 20/30 | EUR | 1,100.0 | % | 102.397 | 1,126,367.00 | 0.19 |
| ES0000011868 | 6.0000 | % | Spain Government EUR Bonds 98/29 | EUR | 850.0 | % | 143.870 | 1,222,895.00 | 0.20 |
| ES0000012G91 | 0.0000 | % | Spain Government EUR Zero- |  |  |  |  |  |  |
| ES0000012H33 | 0.0000 | % | Coupon Bonds 31.01.2026 Spain Government EUR Zero- | EUR | 950.0 | % | 101.309 | 962,435.50 | 0.16 |
| ES0L02203047 | 0.0000 | % | Coupon Bonds 31.05.2024 Spain Letras del Tesoro EUR Zero- | EUR | 650.0 | % | 101.252 | 658,138.00 | 0.11 |
| ES0L02204086 | 0.0000 | % | Coupon Bonds 04.03.2022 Spain Letras del Tesoro EUR Zero- | EUR | 6,500.0 | % | 100.266 | 6,517,319.90 | 1.08 |
| ES0L02207089 | 0.0000 | % | Coupon Bonds 08.04.2022 Spain Letras del Tesoro EUR Zero- | EUR | 2,800.0 | % | 100.334 | 2,809,358.44 | 0.46 |
| ES0L02110085 | 0.0000 | % | Coupon Bonds 08.07.2022 Spain Letras del Tesoro EUR Zero- | EUR | 7,450.0 | % | 100.490 | 7,486,540.76 | 1.24 |
| ES0L02208129 | 0.0000 | % | Coupon Bonds 08.10.2021 Spain Letras del Tesoro EUR Zero- | EUR | 3,950.0 | % | 100.042 | 3,951,649.13 | 0.65 |
| ES0L02111125 | 0.0000 | % | Coupon Bonds 12.08.2022 Spain Letras del Tesoro EUR Zero- | EUR | 7,450.0 | % | 100.575 | 7,492,801.00 | 1.24 |
|  |  |  | Coupon Bonds 12.11.2021 | EUR | 4,750.0 | % | 100.068 | 4,753,210.05 | 0.78 |
| XS1394777665 | 0.7500 | % | Telefónica Emisiones EUR MTN 16/22 | EUR | 2,200.0 | % | 100.643 | 2,214,144.46 | 0.37 |
| Sweden |  |  |  |  |  |  |  | 11,645,454.84 | 1.92 |
| XS1222454032 | 0.2500 | % | Lansforsakringar Hypotek EUR MTN 15/22 | EUR | 5,000.0 | % | 100.468 | 5,023,396.00 | 0.83 |
| XS1435031270 | 0.0500 | % | Stadshypotek EUR MTN 16/22 | EUR | 2,600.0 | % | 100.432 | 2,611,230.44 | 0.43 |
| XS1117542412 | 0.6250 | % | Sveriges Sakerstallda Obligationer |  |  |  |  |  |  |
|  |  |  | EUR MTN 14/21 | EUR | 2,000.0 | % | 100.010 | 2,000,192.80 | 0.33 |
| XS1550140674 | 0.1250 | % | Swedbank Hypotek EUR MTN 17/22 | EUR | 2,000.0 | % | 100.532 | 2,010,635.60 | 0.33 |
| Switzerland |  |  |  |  |  |  |  | 4,759,757.22 | 0.79 |
| XS1673620016 | 0.1250 | % | UBS (London) EUR MTN 17/21 | EUR | 2,200.0 | % | 100.080 | 2,201,754.72 | 0.37 |
| XS0500331557 | 4.0000 | % | UBS (London) EUR Notes 10/22 | EUR | 2,500.0 | % | 102.320 | 2,558,002.50 | 0.42 |
| The Netherlands |  |  |  |  |  |  |  | 53,229,894.24 | 8.80 |
| XS0732631824 | 3.5000 | % | ABN AMRO Bank EUR MTN 12/22 | EUR | 3,200.0 | % | 101.187 | 3,237,995.52 | 0.53 |

Investment Portfolio as at 30/09/2021
| ISIN | Securities | Shares/ Currency (in 1,000)/ Contracts | Holdings 30/09/2021 | Price | Market Value in EUR | % of Subfund assets |
| --- | --- | --- | --- | --- | --- | --- |
| XS1917577931 | 0.2500 | % | ABN AMRO Bank EUR MTN 18/21 | EUR | 3,000.0 | % | 100.132 | 3,003,966.60 | 0.50 |
| XS1873143561 | 0.1250 | % | BMW Finance EUR MTN 18/21 | EUR | 3,400.0 | % | 100.105 | 3,403,580.20 | 0.56 |
| XS1910245593 | 0.2500 | % | BMW Finance EUR MTN 18/22 | EUR | 3,000.0 | % | 100.244 | 3,007,331.40 | 0.50 |
| DE000A190ND6 | 0.2500 | % | Daimler International Finance |  |  |  |  |  |  |
|  |  |  | EUR MTN 18/22 | EUR | 3,000.0 | % | 100.461 | 3,013,844.10 | 0.50 |
| XS0795877454 | 2.9500 | % | Deutsche Post Finance EUR MTN 12/22 | EUR | 2,550.0 | % | 102.469 | 2,612,955.68 | 0.43 |
| XS1111324700 | 2.6250 | % | EDP Finance EUR MTN 14/22 | EUR | 2,450.0 | % | 100.911 | 2,472,310.68 | 0.41 |
| XS0990109240 | 3.0000 | % | Iberdrola International EUR MTN 13/22 | EUR | 2,000.0 | % | 101.149 | 2,022,971.60 | 0.33 |
| XS1914937021 | 0.3750 | % | ING Bank EUR MTN 18/21 | EUR | 1,800.0 | % | 100.139 | 1,802,509.38 | 0.30 |
| XS1976945722 | 0.0000 | % | ING Bank EUR Zero-Coupon |  |  |  |  |  |  |
|  |  |  | MTN 08.04.2022 | EUR | 1,000.0 | % | 100.275 | 1,002,750.80 | 0.17 |
| NL0000102234 | 4.0000 | % | Netherlands Government EUR Bonds 05/37 | EUR | 450.0 | % | 159.318 | 716,930.96 | 0.12 |
| NL0009446418 | 3.7500 | % | Netherlands Government EUR Bonds 10/42 | EUR | 250.0 | % | 171.054 | 427,634.98 | 0.07 |
| NL0010060257 | 2.2500 | % | Netherlands Government EUR Bonds 12/22 | EUR | 4,550.0 | % | 102.318 | 4,655,469.00 | 0.77 |
| NL0010071189 | 2.5000 | % | Netherlands Government EUR Bonds 12/33 | EUR | 500.0 | % | 128.814 | 644,069.95 | 0.11 |
| NL0010733424 | 2.0000 | % | Netherlands Government EUR Bonds 14/24 | EUR | 950.0 | % | 107.577 | 1,021,981.50 | 0.17 |
| NL0010721999 | 2.7500 | % | Netherlands Government EUR Bonds 14/47 | EUR | 240.0 | % | 162.001 | 388,802.38 | 0.06 |
| NL0011220108 | 0.2500 | % | Netherlands Government EUR Bonds 15/25 | EUR | 150.0 | % | 103.318 | 154,977.00 | 0.03 |
| NL0011819040 | 0.5000 | % | Netherlands Government EUR Bonds 16/26 | EUR | 580.0 | % | 105.082 | 609,475.60 | 0.10 |
| NL0013332430 | 0.2500 | % | Netherlands Government EUR Bonds 19/29 | EUR | 250.0 | % | 103.981 | 259,952.50 | 0.04 |
| NL0000102317 | 5.5000 | % | Netherlands Government EUR Bonds 98/28 | EUR | 650.0 | % | 137.634 | 894,621.00 | 0.15 |
| NL0011896857 | 0.0000 | % | Netherlands Government EUR Zero- |  |  |  |  |  |  |
| NL0015614579 | 0.0000 | % | Coupon Bonds 15.01.2022 Netherlands Government EUR Zero- | EUR | 5,500.0 | % | 100.204 | 5,511,220.00 | 0.91 |
| NL0014555419 | 0.0000 | % | Coupon Bonds 15.01.2052 Netherlands Government EUR Zero- | EUR | 150.0 | % | 90.512 | 135,767.99 | 0.02 |
|  |  |  | Coupon Bonds 15.07.2030 | EUR | 350.0 | % | 101.560 | 355,460.00 | 0.06 |
| XS1502438820 | 0.1250 | % | Rabobank EUR MTN 16/21 | EUR | 2,300.0 | % | 100.013 | 2,300,303.37 | 0.38 |
| XS0975256685 | 3.6250 | % | Repsol International Finance |  |  |  |  |  |  |
| XS2182049291 | 0.1250 | % | EUR MTN 13/21 Siemens Financieringsmaatschappij | EUR | 2,000.0 | % | 100.033 | 2,000,669.60 | 0.33 |
|  |  |  | EUR MTN 20/22 | EUR | 2,000.0 | % | 100.457 | 2,009,136.80 | 0.33 |
| DE000A19B8D4 | 0.7500 | % | Vonovia Finance EUR MTN 17/22 | EUR | 3,000.0 | % | 100.410 | 3,012,301.80 | 0.50 |
| DE000A1HRVD5 | 3.6250 | % | Vonovia Finance EUR Notes 13/21 | EUR | 2,549.0 | % | 100.075 | 2,550,903.85 | 0.42 |
| United Kingdom |  |  |  |  |  |  |  | 9,188,797.81 | 1.52 |
| XS1375956569 | 1.3730 | % | BP Capital Markets EUR MTN 16/22 | EUR | 2,000.0 | % | 100.777 | 2,015,540.00 | 0.33 |
| XS1637332856 | 0.5000 | % | British Telecommunications EUR MTN 17/22 | EUR | 2,500.0 | % | 100.426 | 2,510,637.50 | 0.42 |
| XS0479869744 | 4.6500 | % | Vodafone Group EUR MTN 10/22 | EUR | 1,900.0 | % | 101.538 | 1,929,230.74 | 0.32 |
| XS1574681620 | 0.3750 | % | Vodafone Group EUR MTN 17/21 | EUR | 2,730.0 | % | 100.124 | 2,733,389.57 | 0.45 |
| USA |  |  |  |  |  |  |  | 16,261,077.71 | 2.69 |
| XS1144086110 | 1.4500 | % | AT&T EUR Notes 14/22 | EUR | 2,500.0 | % | 100.758 | 2,518,944.50 | 0.42 |
| XS1577747782 | 0.8000 | % | Booking Holdings EUR Notes 17/22 | EUR | 1,500.0 | % | 100.442 | 1,506,622.65 | 0.25 |
| XS1939355753 | 0.5000 | % | Citigroup EUR MTN 19/22 | EUR | 2,000.0 | % | 100.255 | 2,005,102.20 | 0.33 |
| XS2049548444 | 0.2000 | % | General Motors Financial EUR MTN 19/22 | EUR | 2,500.0 | % | 100.433 | 2,510,812.50 | 0.41 |
| XS1028941976 | 1.1250 | % | Merck EUR Notes 14/21 | EUR | 2,700.0 | % | 100.065 | 2,701,757.16 | 0.45 |
| XS1188094673 | 0.7500 | % | National Grid North America |  |  |  |  |  |  |
|  |  |  | EUR MTN 15/22 | EUR | 3,000.0 | % | 100.417 | 3,012,504.90 | 0.50 |
| XS1574157357 | 0.2500 | % | Pfizer EUR Notes 17/22 | EUR | 2,000.0 | % | 100.267 | 2,005,333.80 | 0.33 |
| Investments in securities and money-market instruments |  | 554,103,378.21 | 91.59 |
| Deposits at financial institutions |  | 58,548,608.09 | 9.68 |
| Sight deposits |  | 58,548,608.09 | 9.68 |
| State Street Bank International |  |  |  |
| GmbH, Luxembourg Branch Cash at Broker and Deposits for | EUR | 8,587,886.30 | 1.42 |
| collateralisation of derivatives | EUR | 49,960,721.79 | 8.26 |
| Investments in deposits at financial institutions |  | 58,548,608.09 | 9.68 |

| Investment Portfolio as at 30/09/2021 |  |
| --- | --- |
| Securities | Shares/ | Holdings |  | Price | Unrealised | % of |
|  | Currency (in 1,000)/ Contracts | 30/09/2021 |  |  | gain/loss in EUR | Subfund assets |
| Derivatives |  |  |  |  |  |  |
| Holdings marked with a minus are short positions. |  |  |  |  |  |  |
| Listed Derivatives |  |  |  |  | -10,108,559.89 | -1.67 |
| Futures Transactions |  |  |  |  | -10,108,559.89 | -1.67 |
| Purchased Bond Futures |  |  |  |  | -130,740.00 | -0.02 |
| 10-Year German Government Bond (Bund) Futures 12/21 | Ctr | 9 | EUR | 170.140 | -13,210.00 | 0.00 |
| 2-Year German Government Bond (Schatz) Futures 12/21 | Ctr | 24 | EUR | 112.210 | -1,140.00 | 0.00 |
| 30-Year German Government Bond (Buxl) Futures 12/21 | Ctr | 15 | EUR | 204.700 | -45,940.00 | -0.01 |
| 5-Year German Government Bond (Bobl) Futures 12/21 | Ctr | 38 | EUR | 135.000 | -20,280.00 | 0.00 |
| Euro BTP Futures 12/21 | Ctr | 44 | EUR | 152.550 | -50,170.00 | -0.01 |
| Purchased Index Futures |  |  |  |  | -9,977,819.89 | -1.65 |
| DJ EURO STOXX 50 Index Futures 12/21 | Ctr | 2,121 | EUR | 4,084.500 | -1,585,185.00 | -0.26 |
| FTSE 100 Index Futures 12/21 | Ctr | 379 | GBP | 7,124.000 | 367,137.92 | 0.06 |
| S&P 500 E-mini Index Futures 12/21 | Ctr | 2,077 | USD | 4,349.750 | -8,871,368.33 | -1.47 |
| S&P/TSX 60 Index Futures 12/21 | Ctr | 114 | CAD | 1,202.100 | -366,613.70 | -0.06 |
| SPI 200 Index Futures 12/21 | Ctr | 335 | AUD | 7,293.000 | -576,243.09 | -0.09 |
| Topix Index Futures 12/21 | Ctr | 356 | JPY | 2,030.500 | 1,054,452.31 | 0.17 |
| OTC-Dealt Derivatives |  |  |  |  | 5,201.52 | 0.00 |
| Forward Foreign Exchange Transactions |  |  |  |  | 5,201.52 | 0.00 |
| Sold AUD / Bought USD - 15 Nov 2021 | AUD | -1,501.56 |  |  | 26.54 | 0.00 |
| Sold CAD / Bought USD - 15 Nov 2021 | CAD | -351.21 |  |  | 4.22 | 0.00 |
| Sold EUR / Bought USD - 15 Nov 2021 | EUR | -258,103.22 |  |  | 5,390.24 | 0.00 |
| Sold GBP / Bought USD - 15 Nov 2021 | GBP | -874.45 |  |  | 37.36 | 0.00 |
| Sold JPY / Bought USD - 15 Nov 2021 | JPY | -132,441.00 |  |  | 20.95 | 0.00 |
| Sold USD / Bought EUR - 15 Nov 2021 | USD | -21,113.34 |  |  | -276.43 | 0.00 |
| Sold USD / Bought JPY - 15 Nov 2021 | USD | -82.47 |  |  | -1.36 | 0.00 |
| Investments in derivatives |  |  |  |  | -10,103,358.37 | -1.67 |
| Net current assets/liabilities | EUR |  |  |  | 2,443,174.76 | 0.40 |
| Net assets of the Subfund | EUR |  |  |  | 604,991,802.69 | 100.00 |
| Net asset value per share - Class A2 (EUR) (distributing) | EUR |  |  |  | 127.95 |  |
| - Class CT (EUR) (accumulating) | EUR |  |  |  | 272.83 |  |
| - Class IT (EUR) (accumulating) | EUR |  |  |  | 1,553.80 |  |
| - Class NT (EUR) (accumulating) | EUR |  |  |  | 2,947.82 |  |
| - Class P (EUR) (distributing) | EUR |  |  |  | 1,208.02 |  |
| - Class RT (EUR) (accumulating) | EUR |  |  |  | 128.86 |  |
| - Class WT (EUR) (accumulating) | EUR |  |  |  | 1,526.14 |  |
| - Class AT (H-USD) (accumulating) | USD |  |  |  | 124.05 |  |
| - Class RT (H-USD) (accumulating) Shares in circulation
- Class A2 (EUR) (distributing)
 | USD Shs |  |  |  | 125.72 61 |  |
| - Class CT (EUR) (accumulating) | Shs |  |  |  | 1,119,190 |  |
| - Class IT (EUR) (accumulating) | Shs |  |  |  | 47,025 |  |
| - Class NT (EUR) (accumulating) | Shs |  |  |  | 7,006 |  |
| - Class P (EUR) (distributing) | Shs |  |  |  | 207 |  |
| - Class RT (EUR) (accumulating) | Shs |  |  |  | 6,377 |  |
| - Class WT (EUR) (accumulating) | Shs |  |  |  | 134,056 |  |
| - Class AT (H-USD) (accumulating) | Shs |  |  |  | 2,304 |  |
| - Class RT (H-USD) (accumulating) | Shs |  |  |  | 115 |  |

Details of the changes in portfolio composition during the period under review can be obtained free of charge from Allianz Global Investors GmbH - Luxembourg Branch.
| Statement of Operations |  |  | Statement of Net Assets |  |
| --- | --- | --- | --- | --- |
| for the period from 01/10/2020 to 30/09/2021 |  |  | as at 30/09/2021 |
|  | EUR |  |  | EUR |
| Interest on |  |  | Securities and money-market instruments |  |
| - bonds | 6,517,383.47 |  | (Cost Price EUR 559,111,486.17) | 554,103,378.21 |
| Interest on credit balances |  |  | Cash at banks | 58,548,608.09 |
| - positive interest rate | 13,430.24 |  | Interest receivable on |  |
| - negative interest rate | -187,392.65 |  | - bonds | 3,202,354.02 |
| Income from |  |  | Receivable on |  |
| - securities lending | 1,160.25 |  | - subscriptions of fund shares | 45,665.54 |
| Total income | 6,344,581.31 |  | Unrealised gain on |  |
|  | Expenses from |  | - futures transactions | 1,421,590.23 |
| - securities lending | -348.14 |  | - forward foreign exchange transactions | 5,479.31 |
| Taxe d’Abonnement | -175,545.66 |  | Total Assets | 617,327,075.40 |
| All-in-fee | -5,871,619.67 |  | Payable on |  |
| Other expenses | -336.15 |  | - redemptions of fund shares | -195,773.84 |
| Total expenses | -6,047,849.62 |  | Other payables | -609,070.96 |
| Net income/loss Realised gain/loss on | 296,731.69 |  | Unrealised loss on - futures transactions | -11,530,150.12 |
| - securities transactions | -4,345,199.65 |  | - forward foreign exchange transactions | -277.79 |
| - financial futures transactions | 122,232,932.55 |  | Total Liabilities | -12,335,272.71 |
| - forward foreign exchange transactions | 2,162.07 |  | Net assets | 604,991,802.69 |
| - foreign exchange | -200,382.62 |  |  |  |
| Net realised gain/loss | 117,986,244.04 |  |  |  |
| Changes in unrealised appreciation/depreciation on |  |  |  |  |
| - securities transactions | -5,830,309.13 |  |  |  |
| - financial futures transactions | -8,789,760.37 |  |  |  |
| - forward foreign exchange transactions | 4,899.25 |  |  |  |
| - foreign exchange | 318,190.85 |  |  |  |
| Result of operations | 103,689,264.64 |  |  |  |

| Statement of Changes in Net Assets |  |  |
| --- | --- | --- |
| for the period from 01/10/2020 to 30/09/2021 |  |
|  | EUR |
| Net assets at the beginning of the period | 368,419,146.01 |
| Subscriptions | 249,184,579.95 |
| Redemptions | -116,300,354.64 |
| Distribution | -833.27 |
| Result of operations | 103,689,264.64 |
| Net assets at the end of the period | 604,991,802.69 |
| Statement of Changes in Shares |  |
|  | 2020/2021 | 2019/2020 |
| Number of shares in issue at the beginning of the period | 1,140,607 | 1,071,250 |
| - Number of shares issued | 315,094 | 427,852 |
| - Number of shares redeemed | -139,360 | -358,495 |
| Number of shares in issue at the end of the period | 1,316,341 | 1,140,607 |

Translation (ENFR, 2021-09-30):
# Allianz Strategy 75
Portefeuille d’investissement au 30.09.2021
| ISIN | Description | Actions/ devise (en milliers)/ contrats | Positions 30.09.2021 | Prix | Valeur de marché en EUR | % de l’actif du Compartiment |
| --- | --- | --- | --- | --- | --- | --- |
| Valeurs mobilières et instruments du marché monétaire admis à la cote officielle d’une Bourse de valeurs	554.103.378,21	91,59 |
| Obligations |  |  |  |  |  |  |  | 554.103.378,21 | 91,59 |
| Australie |  |  |  |  |  |  |  | 6.863.143,30 | 1,13 |
| XS0813400305 | 2,7500 | % | National Australia Bank EUR MTN 12/22 | EUR | 2.000,0 | % | 102,778 | 2.055.553,60 | 0,34 |
| XS0810622935 | 2,7500 | % | Wesfarmers EUR MTN 12/22 | EUR | 2.240,0 | % | 102,642 | 2.299.185,95 | 0,38 |
| XS1167295804 | 0,6250 | % | Westpac Banking EUR MTN 15/22 | EUR | 2.500,0 | % | 100,336 | 2.508.403,75 | 0,41 |
| Autriche |  |  |  |  |  |  |  | 12.591.152,96 | 2,08 |
| AT0000A04967 | 4,1500 | % | Austria Government EUR Bonds 07/37 | EUR | 250,0 | % | 159,359 | 398.396,48 | 0,07 |
| AT0000A0DXC2 | 4,8500 | % | Austria Government EUR Bonds 09/26 | EUR | 300,0 | % | 124,650 | 373.951,14 | 0,06 |
| AT0000A0N9A0 | 3,6500 | % | Austria Government EUR Bonds 11/22 | EUR | 4.000,0 | % | 102,386 | 4.095.441,60 | 0,68 |
| AT0000A0VRQ6 | 3,1500 | % | Austria Government EUR Bonds 12/44 | EUR | 300,0 | % | 158,800 | 476.398,92 | 0,08 |
| AT0000A0U299 | 3,8000 | % | Austria Government EUR Bonds 12/62 | EUR | 180,0 | % | 208,455 | 375.219,38 | 0,06 |
| AT0000A105W3 | 1,7500 | % | Austria Government EUR Bonds |  |  |  |  |  |  |
| AT0000A105W3 | 1,7500 | % | 13/23 (traded in Austria) Austria Government EUR Bonds | EUR | 250,0 | % | 105,150 | 262.873,88 | 0,04 |
|  |  |  | 13/23 (traded in Germany) | EUR | 50,0 | % | 105,150 | 52.574,78 | 0,01 |
| AT0000A10683 | 2,4000 | % | Austria Government EUR Bonds 13/34 | EUR | 200,0 | % | 128,117 | 256.233,36 | 0,04 |
| AT0000A185T1 | 1,6500 | % | Austria Government EUR Bonds 14/24 S.1 | EUR | 300,0 | % | 107,231 | 321.691,53 | 0,05 |
| AT0000A2HLC4 | 0,8500 | % | Austria Government EUR Bonds 20/20 | EUR | 150,0 | % | 91,033 | 136.550,16 | 0,02 |
| AT0000383864 | 6,2500 | % | Austria Government EUR Bonds 97/27 | EUR | 600,0 | % | 139,224 | 835.346,88 | 0,14 |
| AT0000A1PE50 | 0,0000 | % | Austria Government EUR Zero- |  |  |  |  |  |  |
| AT0000A2CQD2 | 0,0000 | % | Coupon Bonds 15.07.2023 Austria Government EUR Zero- | EUR | 500,0 | % | 101,372 | 506.860,30 | 0,08 |
| AT0000A2NW83 | 0,0000 | % | Coupon Bonds 20.02.2030 Austria Government EUR Zero- | EUR | 350,0 | % | 100,723 | 352.532,22 | 0,06 |
|  |  |  | Coupon Bonds 20.02.2031 | EUR | 100,0 | % | 99,935 | 99.935,13 | 0,02 |
| AT000B049598 | 0,7500 | % | UniCredit Bank Austria EUR MTN 15/22 | EUR | 4.000,0 | % | 101,179 | 4.047.147,20 | 0,67 |
| Belgique |  |  |  |  |  |  |  | 16.536.810,93 | 2,73 |
| BE0000304130 | 5,0000 | % | Belgium Government EUR Bonds 04/35 S.44 | EUR | 420,0 | % | 162,835 | 683.907,00 | 0,11 |
| BE0000308172 | 4,0000 | % | Belgium Government EUR Bonds 06/22 S.48 | EUR | 3.000,0 | % | 102,281 | 3.068.430,00 | 0,51 |
| BE0000320292 | 4,2500 | % | Belgium Government EUR Bonds 10/41 S.60 | EUR | 300,0 | % | 167,430 | 502.289,97 | 0,08 |
| BE0000324336 | 4,5000 | % | Belgium Government EUR Bonds 11/26 S.64 | EUR | 340,0 | % | 123,000 | 418.200,00 | 0,07 |
| BE0000325341 | 4,2500 | % | Belgium Government EUR Bonds 12/22 S.65 | EUR | 2.350,0 | % | 104,892 | 2.464.962,00 | 0,41 |
| BE0000326356 | 4,0000 | % | Belgium Government EUR Bonds 12/32 S.66 | EUR | 400,0 | % | 141,261 | 565.044,00 | 0,09 |
| BE0000328378 | 2,2500 | % | Belgium Government EUR Bonds 13/23 S.68 | EUR | 300,0 | % | 105,118 | 315.354,00 | 0,05 |
| BE0000331406 | 3,7500 | % | Belgium Government EUR Bonds 13/45 S.71 | EUR | 400,0 | % | 166,032 | 664.127,96 | 0,11 |
| BE0000332412 | 2,6000 | % | Belgium Government EUR Bonds 14/24 S.72 | EUR | 650,0 | % | 108,992 | 708.448,00 | 0,12 |
| BE0000334434 | 0,8000 | % | Belgium Government EUR Bonds 15/25 S.74 | EUR | 150,0 | % | 105,232 | 157.848,00 | 0,02 |
| BE0000337460 | 1,0000 | % | Belgium Government EUR Bonds 16/26 S.77 | EUR | 100,0 | % | 107,095 | 107.095,00 | 0,02 |
| BE0000338476 | 1,6000 | % | Belgium Government EUR Bonds 16/47 S.78 | EUR | 90,0 | % | 118,437 | 106.593,29 | 0,02 |
| BE0000344532 | 1,4500 | % | Belgium Government EUR Bonds 17/37 S.84 | EUR | 320,0 | % | 115,447 | 369.430,37 | 0,06 |
| BE0000343526 | 2,2500 | % | Belgium Government EUR Bonds 17/57 S.83 | EUR | 290,0 | % | 139,962 | 405.889,77 | 0,07 |
| BE0000349580 | 0,1000 | % | Belgium Government EUR Bonds 20/30 | EUR | 900,0 | % | 101,367 | 912.302,10 | 0,15 |
| BE0000291972 | 5,5000 | % | Belgium Government EUR Bonds 98/28 S.31 | EUR | 700,0 | % | 138,680 | 970.760,00 | 0,16 |
| BE6228266902 | 4,5000 | % | FLUVIUS System Operator EUR MTN 11/21 | EUR | 2.100,0 | % | 100,468 | 2.109.825,27 | 0,35 |
| BE0002482579 | 0,4500 | % | KBC Bank EUR MTN 15/22 | EUR | 2.000,0 | % | 100,315 | 2.006.304,20 | 0,33 |
| Canada |  |  |  |  |  |  |  | 1.805.945,94 | 0,30 |
| XS1173616753 | 0,5000 | % | National Bank of Canada EUR Notes 15/22 | EUR | 1.800,0 | % | 100,330 | 1.805.945,94 | 0,30 |
| Danemark |  |  |  |  |  |  |  | 4.009.966,80 | 0,66 |
| XS1564320080 | 0,1250 | % | Danske Bank EUR MTN 17/22 | EUR | 4.000,0 | % | 100,249 | 4.009.966,80 | 0,66 |
| Finlande |  |  |  |  |  |  |  | 6.537.952,61 | 1,08 |
| FI4000006176 | 4,0000 | % | Finland Government EUR Bonds 09/25 | EUR | 50,0 | % | 117,611 | 58.805,38 | 0,01 |
| FI4000047089 | 1,6250 | % | Finland Government EUR Bonds 12/22 | EUR | 1.000,0 | % | 102,263 | 1.022.629,10 | 0,17 |
| FI4000037635 | 2,7500 | % | Finland Government EUR Bonds 12/28 | EUR | 450,0 | % | 121,104 | 544.967,60 | 0,09 |
| FI4000046545 | 2,6250 | % | Finland Government EUR Bonds 12/42 | EUR | 100,0 | % | 145,235 | 145.234,81 | 0,02 |
| FI4000079041 | 2,0000 | % | Finland Government EUR Bonds 14/24 | EUR | 100,0 | % | 106,947 | 106.946,50 | 0,02 |
| FI4000148630 | 0,7500 | % | Finland Government EUR Bonds 15/31 | EUR | 250,0 | % | 107,671 | 269.176,50 | 0,04 |
| FI4000242870 | 1,3750 | % | Finland Government EUR Bonds 17/47 | EUR | 20,0 | % | 122,667 | 24.533,40 | 0,00 |

Portefeuille d’investissement au 30.09.2021
| ISIN | Description | Actions/ devise (en milliers)/ contrats | Positions 30.09.2021 | Prix | Valeur de marché en EUR | % de l’actif du Compartiment |
| --- | --- | --- | --- | --- | --- | --- |
| FI4000306758 | 1,1250 | % | Finland Government EUR Bonds 18/34 | EUR | 100,0 | % | 112,079 | 112.078,87 | 0,02 |
| FI4000440557 | 0,2500 | % | Finland Government EUR Bonds 20/40 | EUR | 50,0 | % | 97,419 | 48.709,51 | 0,01 |
| FI4000480488 | 0,1250 | % | Finland Government EUR Bonds 21/52 | EUR | 100,0 | % | 88,220 | 88.219,86 | 0,02 |
| FI4000242862 | 0,0000 | % | Finland Government EUR Zero- |  |  |  |  |  |  |
| FI4000219787 | 0,0000 | % | Coupon Bonds 15.04.2022 Finland Government EUR Zero- | EUR | 4.000,0 | % | 100,381 | 4.015.226,80 | 0,66 |
|  |  |  | Coupon Bonds 15.09.2023 | EUR | 100,0 | % | 101,424 | 101.424,28 | 0,02 |
| France |  |  |  |  |  |  |  | 108.269.963,45 | 17,90 |
| XS1548802914 | 0,3750 | % | Banque Fédérative du Crédit |  |  |  |  |  |  |
| FR0013088424 | 0,5000 | % | Mutuel EUR MTN 17/22 Caisse Française de Financement | EUR | 2.300,0 | % | 100,306 | 2.307.042,83 | 0,38 |
| FR0011181171 | 4,2500 | % | Local EUR MTN 16/22 Compagnie de Financement | EUR | 3.000,0 | % | 100,548 | 3.016.425,60 | 0,50 |
| FR0012299394 | 0,6250 | % | Foncier EUR MTN 12/22 Compagnie de Financement | EUR | 2.500,0 | % | 101,425 | 2.535.623,75 | 0,42 |
| FR0013135282 | 0,2500 | % | Foncier EUR MTN 14/21 Compagnie de Financement | EUR | 2.000,0 | % | 100,127 | 2.002.546,00 | 0,33 |
| XS0760364116 | 3,6250 | % | Foncier EUR MTN 16/22 Compagnie de Saint-Gobain | EUR | 2.800,0 | % | 100,361 | 2.810.118,08 | 0,46 |
|  |  |  | EUR MTN 12/22 | EUR | 2.700,0 | % | 101,962 | 2.752.984,26 | 0,46 |
| FR0012936656 | 0,3750 | % | Crédit Agricole Home Loan EUR MTN 15/21 | EUR | 4.400,0 | % | 100,046 | 4.402.040,28 | 0,73 |
| FR0013113453 | 0,3750 | % | Crédit Mutuel Home Loan EUR MTN 16/22 | EUR | 3.000,0 | % | 100,855 | 3.025.641,00 | 0,50 |
| FR0012452217 | 0,5000 | % | Crédit Mutuel Home Loan EUR Notes 15/22 | EUR | 3.700,0 | % | 100,328 | 3.712.154,13 | 0,61 |
| FR0000187635 | 5,7500 | % | France Government EUR Bonds 01/32 | EUR | 1.550,0 | % | 161,892 | 2.509.326,00 | 0,41 |
| FR0010070060 | 4,7500 | % | France Government EUR Bonds 04/35 | EUR | 70,0 | % | 159,495 | 111.646,50 | 0,02 |
| FR0010171975 | 4,0000 | % | France Government EUR Bonds 05/55 | EUR | 800,0 | % | 189,894 | 1.519.151,92 | 0,25 |
| FR0010371401 | 4,0000 | % | France Government EUR Bonds 06/38 | EUR | 800,0 | % | 158,349 | 1.266.791,92 | 0,21 |
| FR0010773192 | 4,5000 | % | France Government EUR Bonds 09/41 | EUR | 570,0 | % | 173,137 | 986.880,84 | 0,16 |
| FR0010916924 | 3,5000 | % | France Government EUR Bonds 10/26 | EUR | 1.500,0 | % | 118,295 | 1.774.425,00 | 0,29 |
| FR0011059088 | 3,2500 | % | France Government EUR Bonds 11/21 | EUR | 4.000,0 | % | 100,231 | 4.009.240,00 | 0,66 |
| FR0011317783 | 2,7500 | % | France Government EUR Bonds 12/27 | EUR | 1.050,0 | % | 118,956 | 1.249.038,00 | 0,21 |
| FR0011486067 | 1,7500 | % | France Government EUR Bonds 13/23 | EUR | 2.290,0 | % | 104,032 | 2.382.332,80 | 0,39 |
| FR0011619436 | 2,2500 | % | France Government EUR Bonds 13/24 | EUR | 400,0 | % | 107,722 | 430.888,00 | 0,07 |
| FR0011461037 | 3,2500 | % | France Government EUR Bonds 13/45 | EUR | 630,0 | % | 156,297 | 984.671,04 | 0,16 |
| FR0011883966 | 2,5000 | % | France Government EUR Bonds 14/30 | EUR | 1.560,0 | % | 122,190 | 1.906.163,84 | 0,32 |
| FR0012517027 | 0,5000 | % | France Government EUR Bonds 15/25 | EUR | 1.900,0 | % | 103,890 | 1.973.910,00 | 0,33 |
| FR0013200813 | 0,2500 | % | France Government EUR Bonds 16/26 | EUR | 750,0 | % | 103,418 | 775.634,93 | 0,13 |
| FR0013154044 | 1,2500 | % | France Government EUR Bonds 16/36 | EUR | 300,0 | % | 112,059 | 336.176,97 | 0,06 |
| FR0013154028 | 1,7500 | % | France Government EUR Bonds 16/66 | EUR | 450,0 | % | 127,259 | 572.665,50 | 0,09 |
| FR0013250560 | 1,0000 | % | France Government EUR Bonds 17/27 | EUR | 1.200,0 | % | 107,710 | 1.292.520,00 | 0,21 |
| FR0013286192 | 0,7500 | % | France Government EUR Bonds 17/28 | EUR | 200,0 | % | 106,699 | 213.398,00 | 0,04 |
| FR0013257524 | 2,0000 | % | France Government EUR Bonds 17/48 | EUR | 1.000,0 | % | 129,415 | 1.294.149,90 | 0,21 |
| FR0013313582 | 1,2500 | % | France Government EUR Bonds 18/34 | EUR | 450,0 | % | 111,794 | 503.072,96 | 0,08 |
| FR0013515806 | 0,5000 | % | France Government EUR Bonds 20/40 | EUR | 400,0 | % | 98,323 | 393.290,76 | 0,07 |
| FR0000571218 | 5,5000 | % | France Government EUR Bonds 98/29 | EUR | 1.300,0 | % | 143,205 | 1.861.664,87 | 0,31 |
| FR0126461690 | 0,0000 | % | France Government EUR Zero- |  |  |  |  |  |  |
| FR0126461682 | 0,0000 | % | Coupon Bonds 04.11.2021 France Government EUR Zero- | EUR | 4.500,0 | % | 100,061 | 4.502.722,50 | 0,74 |
| FR0126893561 | 0,0000 | % | Coupon Bonds 06.10.2021 France Government EUR Zero- | EUR | 4.500,0 | % | 100,011 | 4.500.488,25 | 0,74 |
| FR0013398583 | 0,0000 | % | Coupon Bonds 13.07.2022 France Government EUR Zero- | EUR | 10.000,0 | % | 100,529 | 10.052.893,00 | 1,66 |
| FR0013508470 | 0,0000 | % | Coupon Bonds 25.02.2022 France Government EUR Zero- | EUR | 7.700,0 | % | 100,287 | 7.722.099,00 | 1,28 |
| FR0013283686 | 0,0000 | % | Coupon Bonds 25.02.2026 France Government EUR Zero- | EUR | 800,0 | % | 102,063 | 816.504,00 | 0,14 |
| FR0013344751 | 0,0000 | % | Coupon Bonds 25.03.2023 France Government EUR Zero- | EUR | 1.550,0 | % | 101,038 | 1.566.089,00 | 0,26 |
|  |  |  | Coupon Bonds 25.03.2024 | EUR | 900,0 | % | 101,587 | 914.283,00 | 0,15 |

Portefeuille d’investissement au 30.09.2021
| ISIN | Description | Actions/ devise (en milliers)/ contrats | Positions 30.09.2021 | Prix | Valeur	% de de marché	l’actif du en EUR  Compartiment |
| --- | --- | --- | --- | --- | --- |
| FR0013415627 | 0,0000 | % | France Government EUR Zero- |  |  |  |  |  |  |
| FR0013451507 | 0,0000 | % | Coupon Bonds 25.03.2025 France Government EUR Zero- | EUR | 800,0 | % | 101,996 | 815.968,00 | 0,14 |
| FR0013516549 | 0,0000 | % | Coupon Bonds 25.11.2029 France Government EUR Zero- | EUR | 1.700,0 | % | 100,602 | 1.710.233,83 | 0,28 |
|  |  |  | Coupon Bonds 25.11.2030 | EUR | 400,0 | % | 99,718 | 398.871,96 | 0,07 |
| FR0012759744 | 1,2500 | % | RCI Banque EUR MTN 15/22 | EUR | 2.000,0 | % | 101,093 | 2.021.855,80 | 0,33 |
| FR0013230737 | 0,7500 | % | RCI Banque EUR MTN 17/22 | EUR | 3.000,0 | % | 100,042 | 3.001.248,30 | 0,50 |
| FR0012146777 | 1,1250 | % | Sanofi EUR MTN 14/22 | EUR | 2.000,0 | % | 100,316 | 2.006.314,60 | 0,33 |
| XS1500337644 | 0,1250 | % | Société Générale EUR MTN 16/21 | EUR | 1.800,0 | % | 100,002 | 1.800.041,04 | 0,30 |
| FR0013365491 | 0,2500 | % | Société Générale EUR MTN 18/22 | EUR | 2.400,0 | % | 100,225 | 2.405.402,16 | 0,40 |
| FR0013422003 | 0,0000 | % | Société Générale EUR Zero- |  |  |  |  |  |  |
| XS0994990280 | 2,1250 | % | Coupon MTN 27.05.2022 TotalEnergies Capital International | EUR | 3.800,0 | % | 100,341 | 3.812.965,22 | 0,63 |
|  |  |  | EUR MTN 13/21 | EUR | 2.300,0 | % | 100,338 | 2.307.771,01 | 0,38 |
| FR0013044294 | 0,3000 | % | UNEDIC ASSEO EUR MTN 15/21 | EUR | 3.000,0 | % | 100,087 | 3.002.597,10 | 0,50 |
| Allemagne |  |  |  |  |  |  |  | 82.755.423,15 | 13,68 |
| XS0811690550 | 2,6250 | % | Bertelsmann EUR MTN 12/22 | EUR | 1.500,0 | % | 102,552 | 1.538.283,60 | 0,25 |
| DE000A1R04X6 | 2,2500 | % | Daimler EUR MTN 14/22 | EUR | 2.500,0 | % | 100,836 | 2.520.907,75 | 0,42 |
| DE000DL19TA6 | 1,5000 | % | Deutsche Bank EUR MTN 17/22 | EUR | 4.000,0 | % | 100,584 | 4.023.363,20 | 0,66 |
| DE000DL19UR8 | 1,8750 | % | Deutsche Bank EUR MTN 19/22 | EUR | 3.400,0 | % | 100,829 | 3.428.198,58 | 0,57 |
| DE000DHY4457 | 0,1250 | % | Deutsche Hypothekenbank EUR MTN 15/22 | EUR | 5.900,0 | % | 100,366 | 5.921.621,14 | 0,98 |
| DE000DHY5066 | 0,0100 | % | Deutsche Hypothekenbank |  |  |  |  |  |  |
|  |  |  | EUR Notes 19/22 S.506 | EUR | 2.150,0 | % | 100,522 | 2.161.233,54 | 0,36 |
| DE000A2E4ZE9 | 0,0500 | % | Deutsche Pfandbriefbank EUR MTN 17/22 | EUR | 2.600,0 | % | 100,536 | 2.613.931,58 | 0,43 |
| DE000A2TSDX2 | 0,0100 | % | DZ HYP EUR MTN 19/21 | EUR | 2.000,0 | % | 100,022 | 2.000.442,80 | 0,33 |
| DE0001135176 | 5,5000 | % | Germany Government EUR Bonds 00/31 | EUR | 100,0 | % | 155,189 | 155.188,99 | 0,03 |
| DE0001135226 | 4,7500 | % | Germany Government EUR Bonds 03/34 S.3 | EUR | 200,0 | % | 163,772 | 327.544,00 | 0,05 |
| DE0001135275 | 4,0000 | % | Germany Government EUR Bonds 05/37 S.5 | EUR | 600,0 | % | 162,351 | 974.106,00 | 0,16 |
| DE0001135325 | 4,2500 | % | Germany Government EUR |  |  |  |  |  |  |
|  |  |  | Bonds 07/39 S.2007 | EUR | 300,0 | % | 175,832 | 527.496,00 | 0,09 |
| DE0001135465 | 2,0000 | % | Germany Government EUR Bonds 11/22 | EUR | 4.500,0 | % | 100,703 | 4.531.635,00 | 0,75 |
| DE0001135473 | 1,7500 | % | Germany Government EUR Bonds 12/22 | EUR | 3.600,0 | % | 101,869 | 3.667.284,00 | 0,61 |
| DE0001135499 | 1,5000 | % | Germany Government EUR Bonds 12/22 | EUR | 5.400,0 | % | 102,061 | 5.511.294,00 | 0,91 |
| DE0001135481 | 2,5000 | % | Germany Government EUR Bonds 12/44 | EUR | 850,0 | % | 154,280 | 1.311.379,92 | 0,22 |
| DE0001102309 | 1,5000 | % | Germany Government EUR Bonds 13/23 | EUR | 2.100,0 | % | 103,087 | 2.164.827,00 | 0,36 |
| DE0001102325 | 2,0000 | % | Germany Government EUR Bonds 13/23 | EUR | 2.130,0 | % | 105,194 | 2.240.632,20 | 0,37 |
| DE0001102341 | 2,5000 | % | Germany Government EUR Bonds 14/46 | EUR | 650,0 | % | 157,755 | 1.025.407,50 | 0,17 |
| DE0001102374 | 0,5000 | % | Germany Government EUR Bonds 15/25 | EUR | 2.100,0 | % | 104,103 | 2.186.163,00 | 0,36 |
| DE0001102390 | 0,5000 | % | Germany Government EUR Bonds 16/26 | EUR | 750,0 | % | 105,036 | 787.770,00 | 0,13 |
| DE0001102432 | 1,2500 | % | Germany Government EUR Bonds 17/48 | EUR | 350,0 | % | 127,412 | 445.942,00 | 0,07 |
| DE0001135044 | 6,5000 | % | Germany Government EUR |  |  |  |  |  |  |
| DE0001141745 | 0,0000 | % | Bonds 97/27 S.97 Germany Government EUR Zero- | EUR | 1.300,0 | % | 141,328 | 1.837.264,00 | 0,30 |
| DE0001102499 | 0,0000 | % | Coupon Bonds 08.10.2021 S.174 Germany Government EUR Zero- | EUR | 4.000,0 | % | 100,010 | 4.000.399,60 | 0,66 |
| DE0001102515 | 0,0000 | % | Coupon Bonds 15.02.2030 Germany Government EUR Zero- | EUR | 750,0 | % | 102,945 | 772.087,43 | 0,13 |
| DE0001102408 | 0,0000 | % | Coupon Bonds 15.05.2035 Germany Government EUR Zero- | EUR | 715,0 | % | 100,344 | 717.459,60 | 0,12 |
| DE0001102473 | 0,0000 | % | Coupon Bonds 15.08.2026 Germany Government EUR Zero- | EUR | 500,0 | % | 102,936 | 514.680,00 | 0,08 |
| DE0001102507 | 0,0000 | % | Coupon Bonds 15.08.2029 Germany Government EUR Zero- | EUR | 1.900,0 | % | 102,999 | 1.956.981,00 | 0,32 |
| DE0001102481 | 0,0000 | % | Coupon Bonds 15.08.2030 Germany Government EUR Zero- | EUR | 450,0 | % | 102,759 | 462.415,46 | 0,08 |
| DE0001102523 | 0,0000 | % | Coupon Bonds 15.08.2050 Germany Government EUR Zero- | EUR | 260,0 | % | 93,176 | 242.257,57 | 0,04 |
| DE000LB06DE3 | 0,2500 | % | Coupon Bonds 15.11.2027 Landesbank Baden-Württemberg | EUR | 1.200,0 | % | 103,037 | 1.236.444,00 | 0,20 |
|  |  |  | EUR MTN 15/21 | EUR | 1.800,0 | % | 100,050 | 1.800.899,64 | 0,30 |

Portefeuille d’investissement au 30.09.2021
| ISIN | Description | Actions/ devise (en milliers)/ contrats | Positions 30.09.2021 | Prix | Valeur	% de de marché	l’actif du en EUR  Compartiment |
| --- | --- | --- | --- | --- | --- |
| DE000LB09PR3 | 0,0500 | % | Landesbank Baden-Württemberg |  |  |  |  |  |  |
|  |  |  | EUR MTN 16/21 | EUR | 2.500,0 | % | 100,068 | 2.501.692,75 | 0,41 |
| DE000A2TSTD0 | 0,2500 | % | SAP EUR Notes 18/22 | EUR | 3.000,0 | % | 100,269 | 3.008.083,20 | 0,50 |
| DE000SK003C7 | 0,3750 | % | Sparkasse KölnBonn EUR MTN 15/22 | EUR | 4.300,0 | % | 100,632 | 4.327.190,62 | 0,72 |
| DE000HV2AMD0 | 0,1250 | % | UniCredit Bank EUR MTN 16/22 | EUR | 2.700,0 | % | 100,314 | 2.708.474,49 | 0,45 |
| XS1216647716 | 0,7500 | % | Volkswagen Financial Services |  |  |  |  |  |  |
|  |  |  | EUR MTN 15/21 | EUR | 1.400,0 | % | 100,033 | 1.400.465,50 | 0,23 |
| XS0823975585 | 2,3750 | % | Volkswagen Leasing EUR MTN 12/22 | EUR | 3.100,0 | % | 102,528 | 3.178.373,89 | 0,53 |
| XS1050917373 | 2,1250 | % | Volkswagen Leasing EUR MTN 14/22 | EUR | 2.000,0 | % | 101,280 | 2.025.602,60 | 0,33 |
| Irlande |  |  |  |  |  |  |  | 16.870.198,47 | 2,79 |
| XS1228148158 | 0,3750 | % | Bank of Ireland Mortgage |  |  |  |  |  |  |
|  |  |  | Bank EUR MTN 15/22 | EUR | 4.000,0 | % | 100,568 | 4.022.714,80 | 0,67 |
| XS1554373164 | 0,8750 | % | Fresenius Finance Ireland EUR Notes 17/22 | EUR | 3.016,0 | % | 100,114 | 3.019.424,97 | 0,50 |
| IE00B4TV0D44 | 5,4000 | % | Ireland Government EUR Bonds 09/25 | EUR | 150,0 | % | 120,693 | 181.039,50 | 0,03 |
| IE00BJ38CR43 | 2,4000 | % | Ireland Government EUR Bonds 14/30 | EUR | 100,0 | % | 121,113 | 121.113,00 | 0,02 |
| IE00BJ38CQ36 | 0,8000 | % | Ireland Government EUR Bonds 15/22 | EUR | 7.500,0 | % | 100,667 | 7.550.025,00 | 1,25 |
| IE00BV8C9186 | 2,0000 | % | Ireland Government EUR Bonds 15/45 | EUR | 180,0 | % | 128,255 | 230.859,00 | 0,04 |
| IE00BV8C9418 | 1,0000 | % | Ireland Government EUR Bonds 16/26 | EUR | 300,0 | % | 106,747 | 320.241,00 | 0,05 |
| IE00BV8C9B83 | 1,7000 | % | Ireland Government EUR Bonds 17/37 | EUR | 50,0 | % | 118,642 | 59.321,00 | 0,01 |
| IE00BDHDPR44 | 0,9000 | % | Ireland Government EUR Bonds 18/28 | EUR | 300,0 | % | 107,600 | 322.800,00 | 0,05 |
| IE00BFZRPZ02 | 1,3000 | % | Ireland Government EUR Bonds 18/33 | EUR | 450,0 | % | 112,324 | 505.458,00 | 0,08 |
| IE00BH3SQB22 | 1,5000 | % | Ireland Government EUR Bonds 19/50 | EUR | 70,0 | % | 115,986 | 81.190,20 | 0,01 |
| IE00BKFVC899 | 0,2000 | % | Ireland Government EUR Bonds 20/30 | EUR | 450,0 | % | 101,336 | 456.012,00 | 0,08 |
| Italie |  |  |  |  |  |  |  | 107.974.600,84 | 17,85 |
| XS0976307040 | 3,2500 | % | Hera EUR MTN 13/21 | EUR | 1.000,0 | % | 100,000 | 1.000.000,00 | 0,17 |
| IT0005426504 | 0,0000 | % | Italy Buoni Ordinari Del Tesoro EUR |  |  |  |  |  |  |
| IT0005444507 | 0,0000 | % | Zero-Coupon Bonds 12.11.2021 Italy Buoni Ordinari Del Tesoro EUR | EUR | 5.250,0 | % | 100,068 | 5.253.550,58 | 0,87 |
| IT0005433146 | 0,0000 | % | Zero-Coupon Bonds 13.05.2022 Italy Buoni Ordinari Del Tesoro EUR | EUR | 5.100,0 | % | 100,353 | 5.118.016,77 | 0,85 |
| IT0005434953 | 0,0000 | % | Zero-Coupon Bonds 14.01.2022 Italy Buoni Ordinari Del Tesoro EUR | EUR | 6.000,0 | % | 100,187 | 6.011.241,60 | 0,99 |
| IT0005423147 | 0,0000 | % | Zero-Coupon Bonds 14.02.2022 Italy Buoni Ordinari Del Tesoro EUR | EUR | 5.500,0 | % | 100,230 | 5.512.662,10 | 0,91 |
| IT0005429342 | 0,0000 | % | Zero-Coupon Bonds 14.10.2021 Italy Buoni Ordinari Del Tesoro EUR | EUR | 4.650,0 | % | 100,020 | 4.650.932,33 | 0,77 |
| IT0001444378 | 6,0000 | % | Zero-Coupon Bonds 14.12.2021 Italy Buoni Poliennali Del | EUR | 4.700,0 | % | 100,119 | 4.705.585,48 | 0,78 |
| IT0003535157 | 5,0000 | % | Tesoro EUR Bonds 00/31 Italy Buoni Poliennali Del | EUR | 450,0 | % | 148,800 | 669.599,96 | 0,11 |
| IT0003934657 | 4,0000 | % | Tesoro EUR Bonds 03/34 Italy Buoni Poliennali Del | EUR | 1.175,0 | % | 146,896 | 1.726.027,88 | 0,29 |
| IT0004286966 | 5,0000 | % | Tesoro EUR Bonds 05/37 Italy Buoni Poliennali Del | EUR | 1.550,0 | % | 137,987 | 2.138.798,35 | 0,35 |
| IT0004356843 | 4,7500 | % | Tesoro EUR Bonds 07/39 Italy Buoni Poliennali Del | EUR | 150,0 | % | 157,215 | 235.822,49 | 0,04 |
| IT0004759673 | 5,0000 | % | Tesoro EUR Bonds 08/23 Italy Buoni Poliennali Del | EUR | 970,0 | % | 109,564 | 1.062.770,80 | 0,18 |
| IT0004801541 | 5,5000 | % | Tesoro EUR Bonds 11/22 Italy Buoni Poliennali Del | EUR | 7.600,0 | % | 102,277 | 7.773.052,00 | 1,28 |
| IT0004923998 | 4,7500 | % | Tesoro EUR Bonds 12/22 Italy Buoni Poliennali Del | EUR | 6.750,0 | % | 105,476 | 7.119.630,00 | 1,18 |
| IT0005045270 | 2,5000 | % | Tesoro EUR Bonds 13/44 Italy Buoni Poliennali Del | EUR | 450,0 | % | 160,991 | 724.459,46 | 0,12 |
| IT0005024234 | 3,5000 | % | Tesoro EUR Bonds 14/24 Italy Buoni Poliennali Del | EUR | 2.800,0 | % | 108,587 | 3.040.436,00 | 0,50 |
| IT0005086886 | 1,3500 | % | Tesoro EUR Bonds 14/30 Italy Buoni Poliennali Del | EUR | 360,0 | % | 123,738 | 445.456,76 | 0,07 |
| IT0005135840 | 1,4500 | % | Tesoro EUR Bonds 15/22 Italy Buoni Poliennali Del | EUR | 3.000,0 | % | 101,019 | 3.030.570,00 | 0,50 |
|  |  |  | Tesoro EUR Bonds 15/22 | EUR | 3.650,0 | % | 101,867 | 3.718.145,50 | 0,61 |

Portefeuille d’investissement au 30.09.2021
| ISIN | Description | Actions/ devise (en milliers)/ contrats | Positions 30.09.2021 | Prix | Valeur	% de de marché	l’actif du en EUR  Compartiment |
| --- | --- | --- | --- | --- | --- |
| IT0005083057 | 3,2500 | % | Italy Buoni Poliennali Del |  |  |  |  |  |  |
| IT0005216491 | 0,3500 | % | Tesoro EUR Bonds 15/46 Italy Buoni Poliennali Del | EUR | 690,0 | % | 132,673 | 915.443,63 | 0,15 |
| IT0005162828 | 2,7000 | % | Tesoro EUR Bonds 16/21 Italy Buoni Poliennali Del | EUR | 4.800,0 | % | 100,071 | 4.803.408,00 | 0,79 |
| IT0005217390 | 2,8000 | % | Tesoro EUR Bonds 16/47 Italy Buoni Poliennali Del | EUR | 300,0 | % | 121,336 | 364.007,97 | 0,06 |
| IT0005277444 | 0,9000 | % | Tesoro EUR Bonds 16/67 Italy Buoni Poliennali Del | EUR | 280,0 | % | 119,186 | 333.720,77 | 0,06 |
| IT0005246340 | 1,8500 | % | Tesoro EUR Bonds 17/22 Italy Buoni Poliennali Del | EUR | 4.950,0 | % | 101,174 | 5.008.113,00 | 0,83 |
| IT0005348443 | 2,3000 | % | Tesoro EUR Bonds 17/24 Italy Buoni Poliennali Del | EUR | 1.350,0 | % | 105,607 | 1.425.694,50 | 0,24 |
| IT0005325946 | 0,9500 | % | Tesoro EUR Bonds 18/21 Italy Buoni Poliennali Del | EUR | 6.150,0 | % | 100,081 | 6.154.981,50 | 1,02 |
| IT0005344335 | 2,4500 | % | Tesoro EUR Bonds 18/23 Italy Buoni Poliennali Del | EUR | 700,0 | % | 101,995 | 713.965,00 | 0,12 |
| IT0005345183 | 2,5000 | % | Tesoro EUR Bonds 18/23 Italy Buoni Poliennali Del | EUR | 1.460,0 | % | 105,726 | 1.543.599,60 | 0,25 |
| IT0005340929 | 2,8000 | % | Tesoro EUR Bonds 18/25 Italy Buoni Poliennali Del | EUR | 750,0 | % | 110,495 | 828.712,50 | 0,14 |
| IT0005321325 | 2,9500 | % | Tesoro EUR Bonds 18/28 Italy Buoni Poliennali Del | EUR | 1.000,0 | % | 116,551 | 1.165.509,90 | 0,19 |
| IT0005366007 | 1,0000 | % | Tesoro EUR Bonds 18/38 Italy Buoni Poliennali Del | EUR | 500,0 | % | 124,392 | 621.959,95 | 0,10 |
| IT0005358806 | 3,3500 | % | Tesoro EUR Bonds 19/22 Italy Buoni Poliennali Del | EUR | 8.000,0 | % | 101,204 | 8.096.320,00 | 1,34 |
| IT0005405318 | 0,6000 | % | Tesoro EUR Bonds 19/35 Italy Buoni Poliennali Del | EUR | 950,0 | % | 127,524 | 1.211.477,91 | 0,20 |
| IT0005408502 | 1,8500 | % | Tesoro EUR Bonds 20/23 Italy Buoni Poliennali Del | EUR | 300,0 | % | 101,850 | 305.550,00 | 0,05 |
| IT0005416570 | 0,9500 | % | Tesoro EUR Bonds 20/25 Italy Buoni Poliennali Del | EUR | 1.400,0 | % | 107,277 | 1.501.878,00 | 0,25 |
| IT0005403396 | 0,9500 | % | Tesoro EUR Bonds 20/27 Italy Buoni Poliennali Del | EUR | 950,0 | % | 103,943 | 987.458,41 | 0,16 |
| IT0005398406 | 2,4500 | % | Tesoro EUR Bonds 20/30 Italy Buoni Poliennali Del | EUR | 750,0 | % | 102,228 | 766.709,93 | 0,13 |
| IT0001086567 | 7,2500 | % | Tesoro EUR Bonds 20/50 Italy Buoni Poliennali Del | EUR | 300,0 | % | 116,023 | 348.068,97 | 0,06 |
| IT0001174611 | 6,5000 | % | Tesoro EUR Bonds 97/26 Italy Buoni Poliennali Del | EUR | 1.100,0 | % | 136,284 | 1.499.123,89 | 0,25 |
| IT0001278511 | 5,2500 | % | Tesoro EUR Bonds 97/27 Italy Buoni Poliennali Del | EUR | 1.300,0 | % | 137,314 | 1.785.081,87 | 0,29 |
| XS1178105851 | 0,8750 | % | Tesoro EUR Bonds 98/29 Terna - Rete Elettrica Nazionale | EUR | 1.200,0 | % | 137,323 | 1.647.875,88 | 0,27 |
|  |  |  | EUR MTN 15/22 | EUR | 2.000,0 | % | 100,459 | 2.009.181,60 | 0,33 |
| Portugal |  |  |  |  |  |  |  | 6.794.029,97 | 1,12 |
| PTPBTHGE0042 | 0,0000 | % | Portugal Government EUR Zero- |  |  |  |  |  |  |
| PTOTE5OE0007 | 4,1000 | % | Coupon Bonds 22.07.2022 Portugal Obrigações do | EUR | 3.900,0 | % | 100,562 | 3.921.921,12 | 0,65 |
| PTOTEQOE0015 | 5,6500 | % | Tesouro EUR Bonds 06/37 Portugal Obrigações do | EUR | 200,0 | % | 150,832 | 301.664,00 | 0,05 |
| PTOTEROE0014 | 3,8750 | % | Tesouro EUR Bonds 13/24 Portugal Obrigações do | EUR | 750,0 | % | 115,060 | 862.950,00 | 0,14 |
| PTOTEKOE0011 | 2,8750 | % | Tesouro EUR Bonds 14/30 Portugal Obrigações do | EUR | 350,0 | % | 131,708 | 460.978,00 | 0,07 |
| PTOTEBOE0020 | 4,1000 | % | Tesouro EUR Bonds 15/25 Portugal Obrigações do | EUR | 200,0 | % | 113,848 | 227.696,00 | 0,04 |
| PTOTETOE0012 | 2,8750 | % | Tesouro EUR Bonds 15/45 Portugal Obrigações do | EUR | 100,0 | % | 165,208 | 165.208,00 | 0,03 |
| PTOTEVOE0018 | 2,1250 | % | Tesouro EUR Bonds 16/26 Portugal Obrigações do | EUR | 190,0 | % | 115,904 | 220.217,60 | 0,03 |
| PTOTEWOE0017 | 2,2500 | % | Tesouro EUR Bonds 18/28 Portugal Obrigações do | EUR | 350,0 | % | 115,787 | 405.254,50 | 0,07 |
|  |  |  | Tesouro EUR Bonds 18/34 | EUR | 150,0 | % | 121,095 | 181.642,50 | 0,03 |

Portefeuille d’investissement au 30.09.2021
| ISIN | Description | Actions/ devise (en milliers)/ contrats | Positions 30.09.2021 | Prix | Valeur	% de de marché	l’actif du en EUR  Compartiment |
| --- | --- | --- | --- | --- | --- |
| PTOTECOE0037 | 1,0000 | % | Portugal Obrigações do |  |  |  |  |  |  |
|  |  |  | Tesouro EUR Bonds 21/52 | EUR | 50,0 | % | 92,997 | 46.498,25 | 0,01 |
| Espagne |  |  |  |  |  |  |  | 88.009.207,97 | 14,55 |
| XS1548914800 | 0,6250 | % | Banco Bilbao Vizcaya Argentaria |  |  |  |  |  |  |
|  |  |  | EUR MTN 17/22 | EUR | 3.700,0 | % | 100,337 | 3.712.454,20 | 0,61 |
| ES0413860398 | 0,8750 | % | Banco de Sabadell EUR Notes 14/21 | EUR | 2.800,0 | % | 100,150 | 2.804.211,20 | 0,46 |
| ES0413790439 | 1,0000 | % | Banco Santander EUR Notes 16/22 | EUR | 2.400,0 | % | 100,652 | 2.415.649,68 | 0,40 |
| ES0413307101 | 1,1250 | % | CaixaBank EUR Notes 15/22 | EUR | 3.900,0 | % | 101,340 | 3.952.260,00 | 0,65 |
| ES0415306036 | 0,5000 | % | Caja Rural de Navarra EUR Notes 15/22 | EUR | 3.000,0 | % | 100,470 | 3.014.102,10 | 0,50 |
| XS1052843908 | 2,5000 | % | Enagas Financiaciones EUR MTN 14/22 | EUR | 1.500,0 | % | 101,523 | 1.522.848,75 | 0,25 |
| XS1690133811 | 0,5000 | % | Santander Consumer Finance |  |  |  |  |  |  |
|  |  |  | EUR MTN 17/21 | EUR | 2.100,0 | % | 100,000 | 2.100.000,00 | 0,35 |
| ES0000012411 | 5,7500 | % | Spain Government EUR Bonds 01/32 | EUR | 380,0 | % | 156,397 | 594.308,60 | 0,10 |
| ES0000012932 | 4,2000 | % | Spain Government EUR Bonds 05/37 | EUR | 800,0 | % | 150,202 | 1.201.616,00 | 0,20 |
| ES00000121S7 | 4,7000 | % | Spain Government EUR Bonds 09/41 | EUR | 620,0 | % | 167,355 | 1.037.601,00 | 0,17 |
| ES00000123K0 | 5,8500 | % | Spain Government EUR Bonds 11/22 | EUR | 4.720,0 | % | 102,128 | 4.820.441,60 | 0,80 |
| ES00000123X3 | 4,4000 | % | Spain Government EUR Bonds 13/23 | EUR | 1.700,0 | % | 110,379 | 1.876.443,00 | 0,31 |
| ES00000126Z1 | 1,6000 | % | Spain Government EUR Bonds 15/25 | EUR | 800,0 | % | 107,366 | 858.928,00 | 0,14 |
| ES00000127A2 | 1,9500 | % | Spain Government EUR Bonds 15/30 | EUR | 750,0 | % | 114,996 | 862.470,00 | 0,14 |
| ES00000127Z9 | 1,9500 | % | Spain Government EUR Bonds 16/26 | EUR | 1.200,0 | % | 110,362 | 1.324.344,00 | 0,22 |
| ES00000128C6 | 2,9000 | % | Spain Government EUR Bonds 16/46 | EUR | 1.000,0 | % | 137,772 | 1.377.720,00 | 0,23 |
| ES00000128E2 | 3,4500 | % | Spain Government EUR Bonds 16/66 | EUR | 300,0 | % | 155,215 | 465.645,00 | 0,08 |
| ES00000128O1 | 0,4000 | % | Spain Government EUR Bonds 17/22 | EUR | 6.750,0 | % | 100,593 | 6.790.027,50 | 1,12 |
| ES0000012A97 | 0,4500 | % | Spain Government EUR Bonds 17/22 | EUR | 600,0 | % | 101,184 | 607.104,00 | 0,10 |
| ES0000012A89 | 1,4500 | % | Spain Government EUR Bonds 17/27 | EUR | 1.200,0 | % | 109,477 | 1.313.724,00 | 0,22 |
| ES00000128Q6 | 2,3500 | % | Spain Government EUR Bonds 17/33 | EUR | 610,0 | % | 120,701 | 736.276,10 | 0,12 |
| ES0000012C46 | 0,0500 | % | Spain Government EUR Bonds 18/21 | EUR | 4.000,0 | % | 100,052 | 4.002.080,00 | 0,66 |
| ES0000012B62 | 0,3500 | % | Spain Government EUR Bonds 18/23 | EUR | 50,0 | % | 101,691 | 50.845,50 | 0,01 |
| ES0000012B39 | 1,4000 | % | Spain Government EUR Bonds 18/28 | EUR | 1.150,0 | % | 109,409 | 1.258.203,50 | 0,21 |
| ES0000012E69 | 1,8500 | % | Spain Government EUR Bonds 19/35 | EUR | 100,0 | % | 115,045 | 115.045,00 | 0,02 |
| ES0000012F76 | 0,5000 | % | Spain Government EUR Bonds 20/30 | EUR | 1.100,0 | % | 102,397 | 1.126.367,00 | 0,19 |
| ES0000011868 | 6,0000 | % | Spain Government EUR Bonds 98/29 | EUR | 850,0 | % | 143,870 | 1.222.895,00 | 0,20 |
| ES0000012G91 | 0,0000 | % | Spain Government EUR Zero- |  |  |  |  |  |  |
| ES0000012H33 | 0,0000 | % | Coupon Bonds 31.01.2026 Spain Government EUR Zero- | EUR | 950,0 | % | 101,309 | 962.435,50 | 0,16 |
| ES0L02203047 | 0,0000 | % | Coupon Bonds 31.05.2024 Spain Letras del Tesoro EUR Zero- | EUR | 650,0 | % | 101,252 | 658.138,00 | 0,11 |
| ES0L02204086 | 0,0000 | % | Coupon Bonds 04.03.2022 Spain Letras del Tesoro EUR Zero- | EUR | 6.500,0 | % | 100,266 | 6.517.319,90 | 1,08 |
| ES0L02207089 | 0,0000 | % | Coupon Bonds 08.04.2022 Spain Letras del Tesoro EUR Zero- | EUR | 2.800,0 | % | 100,334 | 2.809.358,44 | 0,46 |
| ES0L02110085 | 0,0000 | % | Coupon Bonds 08.07.2022 Spain Letras del Tesoro EUR Zero- | EUR | 7.450,0 | % | 100,490 | 7.486.540,76 | 1,24 |
| ES0L02208129 | 0,0000 | % | Coupon Bonds 08.10.2021 Spain Letras del Tesoro EUR Zero- | EUR | 3.950,0 | % | 100,042 | 3.951.649,13 | 0,65 |
| ES0L02111125 | 0,0000 | % | Coupon Bonds 12.08.2022 Spain Letras del Tesoro EUR Zero- | EUR | 7.450,0 | % | 100,575 | 7.492.801,00 | 1,24 |
|  |  |  | Coupon Bonds 12.11.2021 | EUR | 4.750,0 | % | 100,068 | 4.753.210,05 | 0,78 |
| XS1394777665 | 0,7500 | % | Telefónica Emisiones EUR MTN 16/22 | EUR | 2.200,0 | % | 100,643 | 2.214.144,46 | 0,37 |
| Suède |  |  |  |  |  |  |  | 11.645.454,84 | 1,92 |
| XS1222454032 | 0,2500 | % | Lansforsakringar Hypotek EUR MTN 15/22 | EUR | 5.000,0 | % | 100,468 | 5.023.396,00 | 0,83 |
| XS1435031270 | 0,0500 | % | Stadshypotek EUR MTN 16/22 | EUR | 2.600,0 | % | 100,432 | 2.611.230,44 | 0,43 |
| XS1117542412 | 0,6250 | % | Sveriges Sakerstallda Obligationer |  |  |  |  |  |  |
|  |  |  | EUR MTN 14/21 | EUR | 2.000,0 | % | 100,010 | 2.000.192,80 | 0,33 |
| XS1550140674 | 0,1250 | % | Swedbank Hypotek EUR MTN 17/22 | EUR | 2.000,0 | % | 100,532 | 2.010.635,60 | 0,33 |
| Suisse |  |  |  |  |  |  |  | 4.759.757,22 | 0,79 |
| XS1673620016 | 0,1250 | % | UBS (London) EUR MTN 17/21 | EUR | 2.200,0 | % | 100,080 | 2.201.754,72 | 0,37 |
| XS0500331557 | 4,0000 | % | UBS (London) EUR Notes 10/22 | EUR | 2.500,0 | % | 102,320 | 2.558.002,50 | 0,42 |
| Pays-Bas |  |  |  |  |  |  |  | 53.229.894,24 | 8,80 |
| XS0732631824 | 3,5000 | % | ABN AMRO Bank EUR MTN 12/22 | EUR | 3.200,0 | % | 101,187 | 3.237.995,52 | 0,53 |

Portefeuille d’investissement au 30.09.2021
| ISIN | Description | Actions/ devise (en milliers)/ contrats | Positions 30.09.2021 | Prix | Valeur de marché en EUR | % de l’actif du Compartiment |
| --- | --- | --- | --- | --- | --- | --- |
| XS1917577931 | 0,2500 | % | ABN AMRO Bank EUR MTN 18/21 | EUR | 3.000,0 | % | 100,132 | 3.003.966,60 | 0,50 |
| XS1873143561 | 0,1250 | % | BMW Finance EUR MTN 18/21 | EUR | 3.400,0 | % | 100,105 | 3.403.580,20 | 0,56 |
| XS1910245593 | 0,2500 | % | BMW Finance EUR MTN 18/22 | EUR | 3.000,0 | % | 100,244 | 3.007.331,40 | 0,50 |
| DE000A190ND6 | 0,2500 | % | Daimler International Finance |  |  |  |  |  |  |
|  |  |  | EUR MTN 18/22 | EUR | 3.000,0 | % | 100,461 | 3.013.844,10 | 0,50 |
| XS0795877454 | 2,9500 | % | Deutsche Post Finance EUR MTN 12/22 | EUR | 2.550,0 | % | 102,469 | 2.612.955,68 | 0,43 |
| XS1111324700 | 2,6250 | % | EDP Finance EUR MTN 14/22 | EUR | 2.450,0 | % | 100,911 | 2.472.310,68 | 0,41 |
| XS0990109240 | 3,0000 | % | Iberdrola International EUR MTN 13/22 | EUR | 2.000,0 | % | 101,149 | 2.022.971,60 | 0,33 |
| XS1914937021 | 0,3750 | % | ING Bank EUR MTN 18/21 | EUR | 1.800,0 | % | 100,139 | 1.802.509,38 | 0,30 |
| XS1976945722 | 0,0000 | % | ING Bank EUR Zero-Coupon |  |  |  |  |  |  |
|  |  |  | MTN 08.04.2022 | EUR | 1.000,0 | % | 100,275 | 1.002.750,80 | 0,17 |
| NL0000102234 | 4,0000 | % | Netherlands Government EUR Bonds 05/37 | EUR | 450,0 | % | 159,318 | 716.930,96 | 0,12 |
| NL0009446418 | 3,7500 | % | Netherlands Government EUR Bonds 10/42 | EUR | 250,0 | % | 171,054 | 427.634,98 | 0,07 |
| NL0010060257 | 2,2500 | % | Netherlands Government EUR Bonds 12/22 | EUR | 4.550,0 | % | 102,318 | 4.655.469,00 | 0,77 |
| NL0010071189 | 2,5000 | % | Netherlands Government EUR Bonds 12/33 | EUR | 500,0 | % | 128,814 | 644.069,95 | 0,11 |
| NL0010733424 | 2,0000 | % | Netherlands Government EUR Bonds 14/24 | EUR | 950,0 | % | 107,577 | 1.021.981,50 | 0,17 |
| NL0010721999 | 2,7500 | % | Netherlands Government EUR Bonds 14/47 | EUR | 240,0 | % | 162,001 | 388.802,38 | 0,06 |
| NL0011220108 | 0,2500 | % | Netherlands Government EUR Bonds 15/25 | EUR | 150,0 | % | 103,318 | 154.977,00 | 0,03 |
| NL0011819040 | 0,5000 | % | Netherlands Government EUR Bonds 16/26 | EUR | 580,0 | % | 105,082 | 609.475,60 | 0,10 |
| NL0013332430 | 0,2500 | % | Netherlands Government EUR Bonds 19/29 | EUR | 250,0 | % | 103,981 | 259.952,50 | 0,04 |
| NL0000102317 | 5,5000 | % | Netherlands Government EUR Bonds 98/28 | EUR | 650,0 | % | 137,634 | 894.621,00 | 0,15 |
| NL0011896857 | 0,0000 | % | Netherlands Government EUR Zero- |  |  |  |  |  |  |
| NL0015614579 | 0,0000 | % | Coupon Bonds 15.01.2022 Netherlands Government EUR Zero- | EUR | 5.500,0 | % | 100,204 | 5.511.220,00 | 0,91 |
| NL0014555419 | 0,0000 | % | Coupon Bonds 15.01.2052 Netherlands Government EUR Zero- | EUR | 150,0 | % | 90,512 | 135.767,99 | 0,02 |
|  |  |  | Coupon Bonds 15.07.2030 | EUR | 350,0 | % | 101,560 | 355.460,00 | 0,06 |
| XS1502438820 | 0,1250 | % | Rabobank EUR MTN 16/21 | EUR | 2.300,0 | % | 100,013 | 2.300.303,37 | 0,38 |
| XS0975256685 | 3,6250 | % | Repsol International Finance |  |  |  |  |  |  |
| XS2182049291 | 0,1250 | % | EUR MTN 13/21 Siemens Financieringsmaatschappij | EUR | 2.000,0 | % | 100,033 | 2.000.669,60 | 0,33 |
|  |  |  | EUR MTN 20/22 | EUR | 2.000,0 | % | 100,457 | 2.009.136,80 | 0,33 |
| DE000A19B8D4 | 0,7500 | % | Vonovia Finance EUR MTN 17/22 | EUR | 3.000,0 | % | 100,410 | 3.012.301,80 | 0,50 |
| DE000A1HRVD5 | 3,6250 | % | Vonovia Finance EUR Notes 13/21 | EUR | 2.549,0 | % | 100,075 | 2.550.903,85 | 0,42 |
| Royaume-Uni |  |  |  |  |  |  |  | 9.188.797,81 | 1,52 |
| XS1375956569 | 1,3730 | % | BP Capital Markets EUR MTN 16/22 | EUR | 2.000,0 | % | 100,777 | 2.015.540,00 | 0,33 |
| XS1637332856 | 0,5000 | % | British Telecommunications EUR MTN 17/22 | EUR | 2.500,0 | % | 100,426 | 2.510.637,50 | 0,42 |
| XS0479869744 | 4,6500 | % | Vodafone Group EUR MTN 10/22 | EUR | 1.900,0 | % | 101,538 | 1.929.230,74 | 0,32 |
| XS1574681620 | 0,3750 | % | Vodafone Group EUR MTN 17/21 | EUR | 2.730,0 | % | 100,124 | 2.733.389,57 | 0,45 |
| États-Unis |  |  |  |  |  |  |  | 16.261.077,71 | 2,69 |
| XS1144086110 | 1,4500 | % | AT&T EUR Notes 14/22 | EUR | 2.500,0 | % | 100,758 | 2.518.944,50 | 0,42 |
| XS1577747782 | 0,8000 | % | Booking Holdings EUR Notes 17/22 | EUR | 1.500,0 | % | 100,442 | 1.506.622,65 | 0,25 |
| XS1939355753 | 0,5000 | % | Citigroup EUR MTN 19/22 | EUR | 2.000,0 | % | 100,255 | 2.005.102,20 | 0,33 |
| XS2049548444 | 0,2000 | % | General Motors Financial EUR MTN 19/22 | EUR | 2.500,0 | % | 100,433 | 2.510.812,50 | 0,41 |
| XS1028941976 | 1,1250 | % | Merck EUR Notes 14/21 | EUR | 2.700,0 | % | 100,065 | 2.701.757,16 | 0,45 |
| XS1188094673 | 0,7500 | % | National Grid North America |  |  |  |  |  |  |
|  |  |  | EUR MTN 15/22 | EUR | 3.000,0 | % | 100,417 | 3.012.504,90 | 0,50 |
| XS1574157357 | 0,2500 | % | Pfizer EUR Notes 17/22 | EUR | 2.000,0 | % | 100,267 | 2.005.333,80 | 0,33 |
| Investissements en valeurs mobilières et instruments du marché monétaire |  | 554.103.378,21 | 91,59 |
| Dépôts auprès d’établissements financiers |  | 58.548.608,09 | 9,68 |
| Dépôts à vue |  | 58.548.608,09 | 9,68 |
| State Street Bank International |  |  |  |
| GmbH. Luxembourg Branch | EUR | 8.587.886,30 | 1,42 |
| Dépôts utilisés pour la couverture de produits dérivés | EUR | 49.960.721,79 | 8,26 |
| Investissements en dépôts auprès d’établissements financiers |  | 58.548.608,09 | 9,68 |

| Portefeuille d’investissement au 30.09.2021 |  |
| --- | --- |
| Description | Actions/ | Positions |  | Prix | Plus-/ | % de |
|  | devise (en milliers)/ contrats | 30.09.2021 |  |  | moins-value latente en EUR | l’actif du Compartiment |
| Produits dérivés |  |  |  |  |  |  |
| Les positions marquées d’un signe moins sont des positions courtes |  |  |  |  |  |  |
| Dérivés négociés en Bourse |  |  |  |  | -10.108.559,89 | -1,67 |
| Opérations à terme |  |  |  |  | -10.108.559,89 | -1,67 |
| Achat de contrats à terme obligataires |  |  |  |  | -130.740,00 | -0,02 |
| 10-Year German Government Bond (Bund) Futures 12/21 | Ctr | 9 | EUR | 170,140 | -13.210,00 | 0,00 |
| 2-Year German Government Bond (Schatz) Futures 12/21 | Ctr | 24 | EUR | 112,210 | -1.140,00 | 0,00 |
| 30-Year German Government Bond (Buxl) Futures 12/21 | Ctr | 15 | EUR | 204,700 | -45.940,00 | -0,01 |
| 5-Year German Government Bond (Bobl) Futures 12/21 | Ctr | 38 | EUR | 135,000 | -20.280,00 | 0,00 |
| Euro BTP Futures 12/21 | Ctr | 44 | EUR | 152,550 | -50.170,00 | -0,01 |
| Contrats à terme sur indice achetés |  |  |  |  | -9.977.819,89 | -1,65 |
| DJ EURO STOXX 50 Index Futures 12/21 | Ctr | 2.121 | EUR | 4.084,500 | -1.585.185,00 | -0,26 |
| FTSE 100 Index Futures 12/21 | Ctr | 379 | GBP | 7.124,000 | 367.137,92 | 0,06 |
| S&P 500 E-mini Index Futures 12/21 | Ctr | 2.077 | USD | 4.349,750 | -8.871.368,33 | -1,47 |
| S&P/TSX 60 Index Futures 12/21 | Ctr | 114 | CAD | 1.202,100 | -366.613,70 | -0,06 |
| SPI 200 Index Futures 12/21 | Ctr | 335 | AUD | 7.293,000 | -576.243,09 | -0,09 |
| Topix Index Futures 12/21 | Ctr | 356 | JPY | 2.030,500 | 1.054.452,31 | 0,17 |
| Produits dérivés négociés de gré à gré |  |  |  |  | 5.201,52 | 0,00 |
| Opérations de change à terme |  |  |  |  | 5.201,52 | 0,00 |
| Sold AUD / Bought USD - 15 Nov 2021 | AUD | -1.501,56 |  |  | 26,54 | 0,00 |
| Sold CAD / Bought USD - 15 Nov 2021 | CAD | -351,21 |  |  | 4,22 | 0,00 |
| Sold EUR / Bought USD - 15 Nov 2021 | EUR | -258.103,22 |  |  | 5.390,24 | 0,00 |
| Sold GBP / Bought USD - 15 Nov 2021 | GBP | -874,45 |  |  | 37,36 | 0,00 |
| Sold JPY / Bought USD - 15 Nov 2021 | JPY | -132.441,00 |  |  | 20,95 | 0,00 |
| Sold USD / Bought EUR - 15 Nov 2021 | USD | -21.113,34 |  |  | -276,43 | 0,00 |
| Sold USD / Bought JPY - 15 Nov 2021 | USD | -82,47 |  |  | -1,36 | 0,00 |
| Investissements en produits dérivés |  |  |  |  | -10.103.358,37 | -1,67 |
| Actif/passif net circulant | EUR |  |  |  | 2.443.174,76 | 0,40 |
| Actif net du Compartiment | EUR |  |  |  | 604.991.802,69 | 100,00 |
| Valeur nette d’inventaire par action - Catégorie A2 (EUR) (distribution) | EUR |  |  |  | 127,95 |  |
| - Catégorie CT (EUR) (capitalisation) | EUR |  |  |  | 272,83 |  |
| - Catégorie IT (EUR) (capitalisation) | EUR |  |  |  | 1.553,80 |  |
| - Catégorie NT (EUR) (capitalisation) | EUR |  |  |  | 2.947,82 |  |
| - Catégorie P (EUR) (distribution) | EUR |  |  |  | 1.208,02 |  |
| - Catégorie RT (EUR) (capitalisation) | EUR |  |  |  | 128,86 |  |
| - Catégorie WT (EUR) (capitalisation) | EUR |  |  |  | 1.526,14 |  |
| - Catégorie AT (H-USD) (capitalisation) | USD |  |  |  | 124,05 |  |
| - Catégorie RT (H-USD) (capitalisation) Actions en circulation
- Catégorie A2 (EUR) (distribution)
 | USD Shs |  |  |  | 125,72 61 |  |
| - Catégorie CT (EUR) (capitalisation) | Shs |  |  |  | 1.119.190 |  |
| - Catégorie IT (EUR) (capitalisation) | Shs |  |  |  | 47.025 |  |
| - Catégorie NT (EUR) (capitalisation) | Shs |  |  |  | 7.006 |  |
| - Catégorie P (EUR) (distribution) | Shs |  |  |  | 207 |  |
| - Catégorie RT (EUR) (capitalisation) | Shs |  |  |  | 6.377 |  |
| - Catégorie WT (EUR) (capitalisation) | Shs |  |  |  | 134.056 |  |
| - Catégorie AT (H-USD) (capitalisation) | Shs |  |  |  | 2.304 |  |
| - Catégorie RT (H-USD) (capitalisation) | Shs |  |  |  | 115 |  |

Les indications relatives aux modifications apportées à la composition du portefeuille-titres au cours de la période considérée peuvent être demandées gratuitement auprès d’Allianz Global Investors GmbH - filiale au Luxemburg.
| État des opérations |  |  | État de l’actif net du Fonds |  |
| --- | --- | --- | --- | --- |
| pour la période du 01.10.2020 au 30.09.2021 |  |  | au 30.09.2021 |
|  | EUR |  |  | EUR |
| Intérêts sur |  |  | Valeurs mobilières et instruments du marché monétaire |  |
| - obligations | 6.517.383,47 |  | (Valeur d’acquisition EUR 559.111.486,17) | 554.103.378,21 |
| Intérêts sur soldes créditeurs |  |  | Avoirs bancaires | 58.548.608,09 |
| - taux d’intérêt positif | 13.430,24 |  | Intérêts à recevoir sur |  |
| - taux d’intérêt négatif | -187.392,65 |  | - obligations | 3.202.354,02 |
| Produit des |  |  | À recevoir sur |  |
| - prêt de titres | 1.160,25 |  | - souscriptions d’actions de la SICAV | 45.665,54 |
| Total des produits | 6.344.581,31 |  | Plus-value latente sur |  |
|  | Dépenses à partir de |  | - opérations à terme | 1.421.590,23 |
| - prêt de titres | -348,14 |  | - opérations de change à terme | 5.479,31 |
| Taxe d’abonnement | -175.545,66 |  | Total de l’actif | 617.327.075,40 |
| Commission forfaitaire | -5.871.619,67 |  | À payer sur |  |
| Autres frais | -336,15 |  | - rachats d’actions de la SICAV | -195.773,84 |
| Total des dépenses | -6.047.849,62 |  | À payer (autres) | -609.070,96 |
| Résultat net/perte nette Plus-/moins-value réalisée sur | 296.731,69 |  | Moins-value latente sur - opérations à terme | -11.530.150,12 |
| - opérations sur valeurs mobilières | -4.345.199,65 |  | - opérations de change à terme | -277,79 |
| - opérations à terme sur instruments financiers | 122.232.932,55 |  | Total du passif | -12.335.272,71 |
| - opérations de change à terme | 2.162,07 |  | Actif net | 604.991.802,69 |
| - opérations de change | -200.382,62 |  |  |  |
| Plus-/moins-values nettes réalisées | 117.986.244,04 |  |  |  |
| Variations de l’appréciation/la dépréciation latente sur |  |  |  |  |
| - opérations sur valeurs mobilières | -5.830.309,13 |  |  |  |
| - opérations à terme sur instruments financiers | -8.789.760,37 |  |  |  |
| - opérations de change à terme | 4.899,25 |  |  |  |
| - opérations de change | 318.190,85 |  |  |  |
| Produit total | 103.689.264,64 |  |  |  |

| État des variations de l’actif net du Fonds |  |  |
| --- | --- | --- |
| pour la période du 01.10.2020 au 30.09.2021 |  |
|  | EUR |
| Actif net au début de la période | 368.419.146,01 |
| Souscriptions | 249.184.579,95 |
| Rachats | -116.300.354,64 |
| Distribution | -833,27 |
| Produit total | 103.689.264,64 |
| Actif net à la fin de la période | 604.991.802,69 |
| État des variations du nombre d’actions |  |
|  | 2020/2021 | 2019/2020 |
| Nombre d’actions en circulation au début de la période | 1.140.607 | 1.071.250 |
| - émises | 315.094 | 427.852 |
| - rachetées | -139.36 | -358.495 |
| Nombre d’actions en circulation à la fin de la période | 1.316.341 | 1.140.607 |