# Statement of net assets of Ethna-AKTIV as of 30 June 2020
### 16	Statement of net assets as of 30 June 2020
| ISIN | Securities |  | Acquisitions in the period under review | Disposals in the period under review | Holdings | Price | Price EUR | % share of NFA 1) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equities, rights and profit participation certificates |  |  |  |  |  |  |  |
| Securities traded on an exchange |  |  |  |  |  |  |  |
| Belgium |  |  |  |  |  |  |  |
| BE0974293251 | Anheuser-Busch InBev S.A./NV | EUR | 800,000 | 0 | 800,000 | 43.6000 | 34,880,000.00 | 1.24 |
| 34,880,000.00 | 1.24 |
| Germany |  |  |  |  |  |  |  |
| DE000BAY0017 | Bayer AG | EUR | 900,000 | 0 | 900,000 | 66.9000 | 60,210,000.00 | 2.14 |
| DE000A2NBVD5 | DFV Deutsche Familienversicherung AG | EUR | 211,106 | 156,608 | 767,985 | 23.6000 | 18,124,446.00 | 0.65 |
| DE0005550636 | Drägerwerk AG & Co. KGaA -VZ- | EUR | 207,604 | 26,000 | 181,604 | 70.4000 | 12,784,921.60 | 0.45 |
| DE000A0V9L94 | Eyemaxx Real Estate AG | EUR | 570,044 | 44 | 570,000 | 6.8800 | 3,921,600.00 | 0.14 |
| DE000A2NBX80 | Instone Real Estate Group AG | EUR | 1,110,000 | 1,085,000 | 25,000 | 19.0400 | 476,000.00 | 0.02 |
| DE0006450000 | LPKF Laser & Electronics AG | EUR | 308,988 | 212,964 | 96,024 | 19.3400 | 1,857,104.16 | 0.07 |
| DE000TCAG172 | Tele Columbus AG | EUR | 350,000 | 4,000,000 | 4,000,000 | 3.0800 | 12,320,000.00 | 0.44 |
| DE000ZEAL241 | Zeal Network SE | EUR | 543,338 | 102,088 | 441,250 | 31.5000 | 13,899,375.00 | 0.49 |
| 123,593,446.76 | 4.40 |
| Switzerland |  |  |  |  |  |  |  |
| CH0012005267 | Novartis AG | CHF | 1,050,000 | 0 | 1,050,000 | 83.3700 | 81,957,213.74 | 2.92 |
| CH0014852781 | Swiss Life Holding AG | CHF | 100,000 | 0 | 100,000 | 347.8000 | 32,562,494.15 | 1.16 |
| 114,519,707.89 | 4.08 |
| United States of America |  |  |  |  |  |  |  |
| US1667641005 | Chevron Corporation | USD | 340,000 | 180,000 | 160,000 | 87.6700 | 12,474,166.30 | 0.44 |
| US2220702037 | Coty Inc. | USD | 783,728 | 783,728 | 1,500,000 | 4.7400 | 6,322,810.14 | 0.23 |
| US23804L1035 | Datadog Inc. | USD | 110,000 | 0 | 110,000 | 83.7200 | 8,189,595.38 | 0.29 |
| US28414H1032 | Elanco Animal Health Inc. | USD | 905,000 | 1,005,000 | 900,000 | 21.0000 | 16,807,469.99 | 0.60 |
| US30231G1022 | Exxon Mobil Corporation | USD | 750,000 | 430,000 | 320,000 | 44.3200 | 12,612,183.19 | 0.45 |
| US3377381088 | Fiserv Inc. | USD | 325,000 | 0 | 325,000 | 97.0100 | 28,037,572.25 | 1.00 |
| US4282911084 | Hexcel Corporation | USD | 350,000 | 0 | 350,000 | 47.0000 | 14,628,723.88 | 0.52 |
| US5007541064 | Kraft Heinz Co., The | USD | 700,000 | 0 | 700,000 | 31.6400 | 19,695,864.83 | 0.70 |
| US57636Q1040 | Mastercard Inc. | USD | 115,000 | 0 | 115,000 | 292.9300 | 29,957,269.90 | 1.07 |
| US8522341036 | Square Inc. | USD | 300,000 | 0 | 300,000 | 103.6800 | 27,660,293.46 | 0.98 |
| US92826C8394 | VISA Inc. | USD | 430,000 | 255,000 | 175,000 | 191.3800 | 29,783,459.32 | 1.06 |
| US98980G1022 | Zscaler Inc. | USD | 125,000 | 0 | 125,000 | 105.3900 |  |  |
| 217,884,615.40 | 7.76 |

1)	NFA = net fund assets. Due to rounding differences in the individual items, the total amounts may deviate from the actual value.
| ISIN | Securities | Acquisitions in the period under review | Disposals in the period under review | Holdings | Price | Price EUR | % share of NFA 1) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| United Kingdom |  |  |  |  |  |  |
| GB00BFZ4N465 | Cushman and Wakefield Plc.	USD | 1,900,000 | 0 | 1,900,000 | 12.4000 | 20,951,534.02 | 0.75 |
| GB00B03MLX29 | Royal Dutch Shell Plc.	EUR | 5,000,000 | 1,000,000 | 4,000,000 | 14.8620 |  |  |
| 80,399,534.02 | 2.87 |
| Securities traded on an exchange |  |  |  |  | 571,277,304.07 | 20.35 |
| Securities admitted to or included in organised markets |  |  |  |  |  |  |
| Switzerland |  |  |  |  |  |  |
| CH0510341644 | Sandpiper Digital Payments AG	CHF | 0 | 0 | 8,991,901 | 0.0100 |  |  |
| 84,185.95 | 0.00 |
| Securities admitted to or included in organised markets |  |  |  |  | 84,185.95 | 0.00 |
| Unlisted securities |  |  |  |  |  |  |
| Luxembourg |  |  |  |  |  |  |
| LU1333070875 | JAB Consumer Fund SCA SICAR - USD Global Consumer Brands | 0 | 7,054 | 77,519 | 1,544.7200 | 106,487,517.55 | 3.79 |
| LU1121643917 | JAB Consumer Fund SCA SICAR	EUR | 0 | 6,737 | 49,774 | 1,672.9000 | 83,266,090.66 | 2.96 |
| Class A1 |  |  |  |  |
|  |  |
| Switzerland |  |  |  |  | 189,753,608.21 | 6.75 |
|  |  |
| CH0046409444 | Mountain Partners AG	CHF | 0 | 0 | 440,431 | 27.9300 |  |  |
| 11,516,934.58 | 0.41 |
| Unlisted securities |  |  |  |  | 201,270,542.79 | 7.16 |
| Equities, rights and profit participation certificates |  |  |  |  | 772,632,032.81 | 27.51 |
| Bonds |  |  |  |  |  |  |
| Securities traded on an exchange |  |  |  |  |  |  |
| CHF |  |  |  |  |  |  |
| CH0353945394 | 3.000 %  gategroup Fin Reg.S. v.17(2022) | 7,500,000 | 0 | 7,500,000 | 82.0500 | 5,761,398.75 | 0.21 |
| CH0517825318 | 0.260 % Hyundai Capital Services Inc. EMTN Reg.S. v.20(2025) | 5,000,000 | 0 | 5,000,000 | 96.8670 | 4,534,547.33 | 0.16 |
| CH0508785745 | 1.500 % Temenos AG Reg.S. v.19(2025) | 0 | 0 | 10,000,000 | 95.4050 | 8,932,216.08 | 0.32 |
| CH0333827506 | 1.000 %  Teva Pharmaceutical Finance | 0 | 0 | 3,000,000 | 86.3940 | 2,426,570.55 | 0.09 |
| Netherlands IV v.16(2025) |  |  |  |  |
|  |  |
|  |  |  |  |  | 21,654,732.71 | 0.78 |
| EUR | 1,000,070.00 8,878,050.00 6,083,460.00 10,572,800.00 3,104,790.00 10,464,200.00 10,171,700.00 10,054,700.00 9,777,600.00 | 0.04 0.32 0.22 0.38 0.11 0.37 0.36 0.36 0.35 |
| XS2076155105 | 0.375 %  Abbott Ireland Financing DAC | 0 | 0 | 1,000,000 | 100.0070 |
| Reg.S. v.19(2027) |  |  |  |  |
| XS2102283061 | 0.600 % ABN AMRO Bank NV Reg.S. | 10,000,000 | 1,000,000 | 9,000,000 | 98.6450 |
| v.20(2027) |  |  |  |  |
| XS2185867830 | 1.375 % Airbus SE EMTN Reg.S. | 6,000,000 | 0 | 6,000,000 | 101.3910 |
| v.20(2026) |  |  |  |  |
| XS2152796269 | 2.000 % Airbus SE Reg.S. v.20(2028) | 10,000,000 | 0 | 10,000,000 | 105.7280 |
| XS2177552390 | 2.500 %  Amadeus IT Group S.A. EMTN | 3,000,000 | 0 | 3,000,000 | 103.4930 |
| Reg.S. v.20(2024) |  |  |  |  |
| XS1907120528 | 1.800 % AT & T Inc. v.18(2026) | 0 | 0 | 10,000,000 | 104.6420 |
| XS1533922263 | 1.250 %  Avery Dennison Corporation | 0 | 0 | 10,000,000 | 101.7170 |
| v.17(2025) |  |  |  |  |
| XS1991265478 | 0.808 % Bank of America Corporation | 40,000,000 | 30,000,000 | 10,000,000 | 100.5470 |
| EMTN Reg.S. Fix-to-Float |  |  |  |  |
| v.19(2026) |  |  |  |  |
| XS2082324364 | 0.750 %  Barclays Plc. EMTN Reg.S. Fix- | 0 | 10,000,000 | 10,000,000 | 97.7760 |
| to-Float v.19(2025) |  |  |  |  |


### Statement of net assets as of 30 June 2020

### 17
1)	NFA = net fund assets. Due to rounding differences in the individual items, the total amounts may deviate from the actual value.
| ISIN | Securities | Acquisitions in the period under review | Disposals in the period under review | Holdings | Price | Price EUR | % share of NFA 1) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| EUR (continued) |  |  |  |  |  |  |  |  |
| XS1998215559 | 1.300 % | Baxter International Inc. | 0 | 9,000,000 | 1,000,000 | 104.6540 | 1,046,540.00 | 0.04 |
|  |  | v.19(2029) |  |  |  |  |  |  |
| XS2002532724 | 1.208 % | Becton Dickinson Euro Finance | 20,000,000 | 19,000,000 | 1,000,000 | 100.4760 | 1,004,760.00 | 0.04 |
|  |  | S.à r.l. v.19(2026) |  |  |  |  |  |  |
| FR0013444759 | 0.125 % | BNP Paribas S.A. EMTN Reg.S. | 20,000,000 | 0 | 20,000,000 | 96.0730 | 19,214,600.00 | 0.68 |
|  |  | v.19(2026) |  |  |  |  |  |  |
| XS1992931508 | 0.831 % | BP Capital Markets Plc. EMTN | 0 | 0 | 10,000,000 | 98.6460 | 9,864,600.00 | 0.35 |
|  |  | Reg.S. v.19(2027) |  |  |  |  |  |  |
| XS2099128055 | 0.875 % | CA Immobilien Anlagen AG | 10,000,000 | 0 | 10,000,000 | 94.6550 | 9,465,500.00 | 0.34 |
|  |  | Reg.S. v.20(2027) |  |  |  |  |  |  |
| XS1785795763 | 1.550 % | Chubb INA Holdings Inc. | 0 | 0 | 10,000,000 | 105.4910 | 10,549,100.00 | 0.38 |
|  |  | v.18(2028) |  |  |  |  |  |  |
| XS1859010685 | 1.500 % | Citigroup Inc. EMTN Reg.S. | 0 | 10,000,000 | 10,000,000 | 103.2260 | 10,322,600.00 | 0.37 |
|  |  | Fix-to-Float v.18(2026) |  |  |  |  |  |  |
| XS1497312295 | 0.875 % | CK Hutchison Finance [16] II | 10,000,000 | 0 | 10,000,000 | 99.9640 | 9,996,400.00 | 0.36 |
|  |  | Ltd. Reg.S. v.16(2024) |  |  |  |  |  |  |
| DE000A289XH6 | 1.625 % | Daimler AG EMTN Reg.S. | 7,000,000 | 0 | 7,000,000 | 102.2610 | 7,158,270.00 | 0.25 |
|  |  | v.20(2023) |  |  |  |  |  |  |
| DE000A2R9ZU9 | 0.625 % | Daimler International Finance | 0 | 0 | 10,000,000 | 94.7920 | 9,479,200.00 | 0.34 |
|  |  | BV EMTN Reg.S. v.19(2027) |  |  |  |  |  |  |
| XS1732232340 | 0.625 % | Deutsche Telekom International | 5,000,000 | 4,000,000 | 1,000,000 | 101.7530 | 1,017,530.00 | 0.04 |
|  |  | Finance BV EMTN Reg.S. |  |  |  |  |  |  |
|  |  | v.17(2024) |  |  |  |  |  |  |
| XS2079388828 | 2.000 % | Dufry One BV Reg.S. v.19(2027) | 1,440,000 | 11,440,000 | 5,000,000 | 76.9920 | 3,849,600.00 | 0.14 |
| XS1883245331 | 1.750 % | DXC Technology Co. v.18(2026) | 500,000 | 0 | 1,000,000 | 98.5800 | 985,800.00 | 0.04 |
| DE000A289NX4 | 0.625 % | Evonik Industries AG EMTN | 7,000,000 | 0 | 7,000,000 | 101.0370 | 7,072,590.00 | 0.25 |
|  |  | Reg.S. v.20(2025) |  |  |  |  |  |  |
| XS2034629134 | 1.300 % | Fedex Corporation v.19(2031) | 3,000,000 | 13,000,000 | 10,000,000 | 95.7830 | 9,578,300.00 | 0.34 |
| SE0011167972 | 5.500 % | Ferratum Capital Germany | 1,000,000 | 0 | 1,000,000 | 102.0970 | 1,020,970.00 | 0.04 |
|  |  | GmbH Reg.S. FRN v.18(2022) |  |  |  |  |  |  |
| XS2100788780 | 0.450 % | General Mills Inc. v.20(2026) | 9,000,000 | 1,000,000 | 8,000,000 | 98.5210 | 7,881,680.00 | 0.28 |
| XS2125145867 | 0.850 % | General Motors Financial Co. | 7,000,000 | 6,000,000 | 1,000,000 | 87.8610 | 878,610.00 | 0.03 |
|  |  | Inc. Reg.S. v.20(2026) |  |  |  |  |  |  |
| DE000A2YN2U2 | 0.500 % | HOCHTIEF AG EMTN Reg.S. | 0 | 4,000,000 | 1,000,000 | 99.1160 | 991,160.00 | 0.04 |
|  |  | v.19(2027) |  |  |  |  |  |  |
| XS2198388592 | 9.250 % | HT Troplast GmbH Reg.S. | 2,000,000 | 0 | 2,000,000 | 102.2390 | 2,044,780.00 | 0.07 |
|  |  | v.20(2025) |  |  |  |  |  |  |
| XS2013618421 | 0.875 % | ISS Global A/S Reg.S. v.19(2026) | 0 | 10,000,000 | 10,000,000 | 97.0400 | 9,704,000.00 | 0.35 |
| FR0013509627 | 2.000 % | JCDecaux S.A. Reg.S. v.20(2024) | 4,000,000 | 0 | 4,000,000 | 101.1790 | 4,047,160.00 | 0.14 |
| XS1456422135 | 0.625 % | JPMorgan Chase & Co. EMTN | 35,000,000 | 25,000,000 | 10,000,000 | 100.8850 | 10,088,500.00 | 0.36 |
|  |  | Reg.S. v.16(2024) |  |  |  |  |  |  |
| NO0010795701 | 7.000 % | Metalcorp Group S.A. | 950,000 | 0 | 4,000,000 | 80.0000 | 3,200,000.00 | 0.11 |
|  |  | v.17(2022) |  |  |  |  |  |  |
| FR0013425139 | 0.625 % | MMS USA Financing Inc. | 0 | 2,000,000 | 13,000,000 | 95.7060 | 12,441,780.00 | 0.44 |
|  |  | Reg.S. v.19(2025) |  |  |  |  |  |  |
| XS2100690036 | 0.375 % | Santander Consumer Finance | 5,000,000 | 0 | 5,000,000 | 98.5470 | 4,927,350.00 | 0.18 |
|  |  | S.A. EMTN Reg.S. v.20(2025) |  |  |  |  |  |  |
| XS2182055181 | 0.250 % | Siemens | 1,000,000 | 0 | 1,000,000 | 100.6110 | 1,006,110.00 | 0.04 |
|  |  | Financieringsmaatschappij NV |  |  |  |  |  |  |
|  |  | EMTN Reg.S. v.20(2024) |  |  |  |  |  |  |
| XS2122485845 | 0.500 % | The Dow Chemical Co. | 10,000,000 | 3,000,000 | 7,000,000 | 94.8890 | 6,642,230.00 | 0.24 |
|  |  | v.20(2027) |  |  |  |  |  |  |
| XS1843435501 | 1.500 % | TLG IMMOBILIEN AG Reg.S. | 0 | 10,000,000 | 10,000,000 | 100.1850 | 10,018,500.00 | 0.36 |
|  |  | v.19(2026) |  |  |  |  |  |  |
| XS1167667283 | 1.625 % | Volkswagen Internat Finance | 2,000,000 | 22,000,000 | 40,000,000 | 99.6450 | 39,858,000.00 | 1.42 |
|  |  | NV EMTN Reg.S. v.15(2030) |  |  |  |  |  |  |
| XS1586555945 | 1.875 % | Volkswagen Internat Finance | 10,000,000 | 0 | 20,000,000 | 102.5610 | 20,512,200.00 | 0.73 |
|  |  | NV Reg.S. v.17(2027) |  |  |  |  |  |  |


### Statement of net assets as of 30 June 2020

### 18
1)	NFA = net fund assets. Due to rounding differences in the individual items, the total amounts may deviate from the actual value.
| ISIN | Securities | Acquisitions in the period under review | Disposals in the period under review | Holdings | Price | Price EUR | % share of NFA 1) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| EUR (continued) |  |  |  |  |  |  |
| XS2014291616 | 1.500 % | Volkswagen Leasing GmbH EMTN Reg.S. v.19(2026) | 0 | 0 | 20,000,000 | 100.5600 | 20,112,000.00 | 0.72 |
| DE000A182VT2 | 1.500 % | Vonovia Finance BV EMTN Reg.S. v.16(2026) | 0 | 0 | 5,000,000 | 104.8920 | 5,244,600.00 | 0.19 |
| DE000A19X8A4 | 1.500 % | Vonovia Finance BV EMTN Reg.S. v.18(2026) | 10,000,000 | 0 | 20,000,000 | 105.3590 | 21,071,800.00 | 0.75 |
| XS1463043973 | 1.000 % | Wells Fargo & Co. EMTN Reg.S. v.16(2027) | 36,000,000 | 26,000,000 | 10,000,000 | 100.7480 | 10,074,800.00 | 0.36 |
| XS1987097430 | 0.500 % | Wells Fargo & Co. EMTN Reg.S. | 35,000,000 | 25,000,000 | 10,000,000 | 99.3250 | 9,932,500.00 | 0.35 |
| v.19(2024) |  |  |  |  |
|  |  |
| USD |  |  |  |  | 382,411,490.00 | 13.67 |
|  |  |
| US01609WAT99 | 3.400 % | Alibaba Group Holding Ltd. v.17(2027) | 0 | 0 | 10,000,000 | 110.8000 | 9,853,268.12 | 0.35 |
| US0258M0EL96 | 3.300 % | American Express Credit v.17(2027) | 0 | 10,000,000 | 10,000,000 | 113.5690 | 10,099,510.89 | 0.36 |
| US404280BZ11 | 3.803 % | HSBC Holdings Plc. Fix-to- Float v.19(2025) | 0 | 0 | 10,000,000 | 107.9830 | 9,602,756.78 | 0.34 |
| US46124HAB24 | 0.950 % | Intuit Inc. v.20(2025) | 5,000,000 | 0 | 5,000,000 | 100.3380 | 4,461,449.53 | 0.16 |
| US46625HRS12 | 3.200 % | JPMorgan Chase & Co. v.16(2026) | 0 | 0 | 5,000,000 | 111.0250 | 4,936,638.51 | 0.18 |
| US654106AF00 | 2.375 % | NIKE Inc. v.16(2026) | 0 | 10,000,000 | 10,000,000 | 109.1710 | 9,708,403.74 | 0.35 |
| US66989HAJ77 | 3.000 % | Novartis Capital Corporation v.15(2025) | 0 | 10,000,000 | 10,000,000 | 111.0600 | 9,876,389.51 | 0.35 |
| US68389XBM65 | 2.650 % | Oracle Corporation v.16(2026) | 0 | 10,000,000 | 10,000,000 | 108.0530 | 9,608,981.77 | 0.34 |
| US713448DN57 | 2.375 % | PepsiCo Inc. v.16(2026) | 0 | 10,000,000 | 10,000,000 | 108.9990 | 9,693,108.05 | 0.34 |
| US717081DV27 | 2.750 % | Pfizer Inc. v.16(2026) | 0 | 0 | 1,000,000 | 110.9780 | 986,909.74 | 0.04 |
| US75625QAE98 | 3.000 % | Reckitt Benckiser Treasury Services Plc. 144A v.17(2027) | 0 | 0 | 40,000,000 | 109.1330 | 38,820,097.82 | 1.38 |
| US191216BZ21 | 2.250 % | The Coca-Cola Co. v.16(2026) | 0 | 0 | 10,000,000 | 108.3240 | 9,633,081.37 | 0.34 |
| US191216BW99 | 2.550 % | The Coca-Cola Co. v.16(2026) | 0 | 0 | 10,000,000 | 109.8520 | 9,768,963.98 | 0.35 |
| US437076BN13 | 2.125 % | The Home Depot Inc. v.16(2026) | 0 | 0 | 19,500,000 | 107.7800 | 18,690,173.41 | 0.67 |
| US460690BL39 | 4.200 % | The Interpublic Group of Companies Inc. v.14(2024) | 0 | 5,000,000 | 10,000,000 | 109.2180 | 9,712,583.37 | 0.35 |
| US742718ER62 | 2.450 % | The Procter & Gamble Co. v.16(2026) | 0 | 31,500,000 | 1,000,000 | 110.0890 | 979,004.00 | 0.03 |
| US25468PDM59 | 1.850 % | The Walt Disney Co Reg.S.v.16(2026) | 0 | 10,000,000 | 10,000,000 | 103.3330 | 9,189,239.66 | 0.33 |
| XS1793296465 | 5.250 % | Trafigura Funding S.A. EMTN Reg.S. v.18(2023) | 8,000,000 | 0 | 8,000,000 | 97.3520 | 6,925,887.06 | 0.25 |
| US912909AM02 | 6.875 % | United States Steel Corporation v.17(2025) | 4,000,000 | 0 | 4,000,000 | 68.4790 | 2,435,891.51 | 0.09 |
| US98978VAL71 | 3.000 % | Zoetis Inc. v.17(2027) | 0 | 5,000,000 | 10,000,000 | 110.6680 |  |  |
| 194,823,868.39 | 6.95 |
| Securities traded on an exchange |  |  |  |  | 598,890,091.10 | 21.40 |
| New issues intended for exchange trading |  |  |  |  |  |  |
| EUR |  |  |  |  |  |  |
| XS2066744231 | 1.000 % | Carnival Plc. v.19(2029) | 4,550,000 | 12,750,000 | 1,800,000 | 53.7060 | 966,708.00 | 0.03 |
| FR0013512407 | 0.750 % | Kering S.A. EMTN Reg.S. v.20(2028) | 1,000,000 | 0 | 1,000,000 | 102.0330 | 1,020,330.00 | 0.04 |
| XS2197673747 | 3.000 % | MTU Aero Engines AG Reg.S. v.20(2025) | 10,000,000 | 0 | 10,000,000 | 102.7670 | 10,276,700.00 | 0.37 |
| XS2195096420 | 1.375 % | Symrise AG Reg.S. v.20(2027) | 10,000,000 | 0 | 10,000,000 | 100.9090 |  |  |
| 22,354,638.00 | 0.80 |


### Statement of net assets as of 30 June 2020

### 19
1)	NFA = net fund assets. Due to rounding differences in the individual items, the total amounts may deviate from the actual value.
| ISIN | Securities | Acquisitions in the period under review | Disposals in the period under review | Holdings | Price | Price EUR | % share of NFA 1) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| USD |  |  |  |  |  |  |
| US036752AJ29 | 2.375 % | Anthem Inc. v.19(2025) | 3,800,000 | 0 | 3,800,000 | 105.8300 |  |  |
| 3,576,291.69 | 0.13 |
| New issues intended for exchange trading |  |  |  |  | 25,930,929.69 | 0.93 |
| Securities admitted to or included in organised markets |  |  |  |  | 21,038,800.00 10,089,900.00 4,116,400.00 2,925,000.00 2,328,750.00 4,575,000.00 4,502,500.00 7,028,210.00 1,031,680.00 9,726,800.00 5,121,420.00 9,608,300.00 515,205.00 98,823.00 980,440.00 5,612,280.00 5,004,500.00 9,501,500.00 7,200,340.00 | 0.75 0.36 0.15 0.10 0.08 0.16 0.16 0.25 0.04 0.35 0.18 0.34 0.02 0.00 0.03 0.20 0.18 0.34 0.26 |
| EUR |  |  |  |  |
| XS1627602201 | 1.875 % | American International Group | 0 | 0 | 20,000,000 | 105.1940 |
| Inc. v.17(2027) |  |  |  |  |
| XS2190961784 | 1.875 % | Athene Global Funding EMTN | 10,000,000 | 0 | 10,000,000 | 100.8990 |
| v.20(2023) |  |  |  |  |
| XS2178833427 | 0.750 % | Equinor ASA EMTN Reg.S. | 4,000,000 | 0 | 4,000,000 | 102.9100 |
| v.20(2026) |  |  |  |  |
| DE000A255D05 | 7.500 % | ERWE Immobilien AG | 1,500,000 | 0 | 3,000,000 | 97.5000 |
| v.19(2023) |  |  |  |  |
| XS1706202592 | 4.125 % | Europcar Mobility Group S.A. | 3,000,000 | 0 | 3,000,000 | 77.6250 |
| Reg.S. v.17(2024) |  |  |  |  |
| DE000A2GSSP3 | 5.500 % | Eyemaxx Real Estate AG Reg.S. | 5,000,000 | 0 | 5,000,000 | 91.5000 |
| v.18(2023) |  |  |  |  |
| DE000A254N04 | 5.000 % | Groß & Partner | 5,900,000 | 900,000 | 5,000,000 | 90.0500 |
| Grundstücksentwicklungs- |  |  |  |  |
| gesellschaft mbH v.20(2025) |  |  |  |  |
| DE000A2E4QG3 | 4.500 % | IKB Dte. Industriebank AG | 7,000,000 | 0 | 7,000,000 | 100.4030 |
| v.17(2022) |  |  |  |  |
| DE000A1919G4 | 1.750 % | JAB Holdings BV Reg.S. | 0 | 0 | 1,000,000 | 103.1680 |
| v.18(2026) |  |  |  |  |
| DE000A2SBDE0 | 1.000 % | JAB Holdings BV Reg.S. | 5,000,000 | 0 | 10,000,000 | 97.2680 |
| v.19(2027) |  |  |  |  |
| XS2010037682 | 6.875 % | Jaguar Land Rover Automotive | 6,000,000 | 0 | 6,000,000 | 85.3570 |
| Plc. Reg.S. v.19(2026) |  |  |  |  |
| XS2052310054 | 0.875 % | LYB International Finance II BV | 10,000,000 | 0 | 10,000,000 | 96.0830 |
| v.19(2026) |  |  |  |  |
| XS2177443343 | 1.750 % | Mohawk Capital Finance S.A. | 500,000 | 0 | 500,000 | 103.0410 |
| v.20(2027) |  |  |  |  |
| XS1690644668 | 3.500 % | Nidda Healthcare Holding | 6,000,000 | 5,900,000 | 100,000 | 98.8230 |
| GmbH Reg.S. v.17(2024) |  |  |  |  |
| XS2047619064 | 0.625 % | PostNL NV Green Bond | 0 | 0 | 1,000,000 | 98.0440 |
| v.19(2026) |  |  |  |  |
| XS1814546013 | 3.875 % | Tele Columbus AG Reg.S. | 1,000,000 | 0 | 6,000,000 | 93.5380 |
| v.18(2025) |  |  |  |  |
| XS1514149159 | 1.250 % | Whirlpool Finance Luxembourg | 0 | 0 | 5,000,000 | 100.0900 |
| S.a.r.l. v.16(2026) |  |  |  |  |
| XS2054209833 | 0.840 % | Wintershall Dea Finance BV | 20,000,000 | 10,000,000 | 10,000,000 | 95.0150 |
| Reg.S. v.19(2025) |  |  |  |  |
| XS2176562812 | 2.375 % | WPP Finance S.A. EMTN | 7,000,000 | 0 | 7,000,000 | 102.8620 |
| Reg.S. v.20(2027) |  |  |  |  |
| USD |  |  |  |  | 111,005,848.00 | 3.95 |
|  |  |
| US00287YBU29 | 2.950 % | AbbVie Inc. 144A v.19(2026) | 10,000,000 | 0 | 20,000,000 | 108.5980 | 19,314,895.51 | 0.69 |
| US00774MAN56 | 6.500 % | AerCap Ireland Capital DAC/ | 4,000,000 | 0 | 4,000,000 | 104.5210 | 3,717,954.65 | 0.13 |
| AerCap Global Aviation Trust |  |  |  |  |
|  |  |
| v.20(2025) |  |  |  |  |  |  |
| US023135AZ90 | 2.800 % | Amazon.com Inc. v.17(2024) | 0 | 0 | 1,000,000 | 108.8580 | 968,056.91 | 0.03 |
| US023135BC96 | 3.150 % | Amazon.com Inc. v.17(2027) | 0 | 10,000,000 | 10,000,000 | 113.6060 | 10,102,801.25 | 0.36 |
| US023771S586 | 11.750 % | American Airlines Inc. 144A v.20(2025) | 19,000,000 | 0 | 19,000,000 | 95.3790 | 16,115,615.83 | 0.57 |
| US025816CA56 | 4.200 % | American Express Co. | 0 | 10,000,000 | 10,000,000 | 116.3460 | 10,346,465.10 | 0.37 |
| v.18(2025) |  |  |  |  |
|  |  |


### Statement of net assets as of 30 June 2020

### 20
1)	NFA = net fund assets. Due to rounding differences in the individual items, the total amounts may deviate from the actual value.
| ISIN | Securities | Acquisitions in the period under review | Disposals in the period under review | Holdings | Price | Price EUR | % share of NFA 1) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| USD (continued) |  |  |  |  |  |  |  |  |
| US026874DH71 | 3.900 % | American International Group | 0 | 0 | 10,000,000 | 112.9700 | 10,046,242.77 | 0.36 |
|  |  | Inc. v.16(2026) |  |  |  |  |  |  |
| US031162BY57 | 3.125 % | Amgen Inc. v.15(2025) | 0 | 10,000,000 | 10,000,000 | 109.7890 | 9,763,361.49 | 0.35 |
| US031162CQ15 | 3.200 % | Amgen Inc. v.17(2027) | 0 | 0 | 10,000,000 | 112.3900 | 9,994,664.30 | 0.36 |
| US03522AAG58 | 3.650 % | Anheuser-Busch Cos. LLC/ | 0 | 0 | 20,000,000 | 112.2450 | 19,963,539.35 | 0.71 |
|  |  | Anheuser-Busch InBev |  |  |  |  |  |  |
|  |  | Worldwide Inc. v.19(2026) |  |  |  |  |  |  |
| US035240AL43 | 4.000 % | Anheuser-Busch InBev | 0 | 19,000,000 | 1,000,000 | 115.6020 | 1,028,030.24 | 0.04 |
|  |  | Worldwide Inc. v.18(2028) |  |  |  |  |  |  |
| US037389BD49 | 2.200 % | AON Corporation v.19(2022) | 0 | 9,000,000 | 1,000,000 | 103.8910 | 923,886.17 | 0.03 |
| US037833DN70 | 2.050 % | Apple Inc. v.19(2026) | 0 | 20,000,000 | 10,000,000 | 106.5460 | 9,474,966.65 | 0.34 |
| US038522AR99 | 6.375 % | Aramark Services Inc. 144A | 5,000,000 | 0 | 5,000,000 | 102.9800 | 4,578,923.97 | 0.16 |
|  |  | v.20(2025) |  |  |  |  |  |  |
| US00206RCN08 | 3.400 % | AT & T Inc. v.15(2025) | 0 | 10,000,000 | 20,000,000 | 109.8760 | 19,542,196.53 | 0.70 |
| US00206RJX17 | 2.300 % | AT & T Inc. v.20(2027) | 10,000,000 | 0 | 10,000,000 | 103.2870 | 9,185,148.96 | 0.33 |
| US04685A2M23 | 2.800 % | Athene Global Funding 144A | 10,000,000 | 0 | 10,000,000 | 102.1000 | 9,079,590.93 | 0.32 |
|  |  | v.20(2023) |  |  |  |  |  |  |
| US06051GFX25 | 3.500 % | Bank of America Corporation | 0 | 5,000,000 | 10,000,000 | 112.7130 | 10,023,388.17 | 0.36 |
|  |  | v.16(2026) |  |  |  |  |  |  |
| US91831AAC53 | 6.125 % | Bausch Health Companies Inc. | 4,000,000 | 0 | 4,000,000 | 100.6850 | 3,581,502.89 | 0.13 |
|  |  | 144A v.15(2025) |  |  |  |  |  |  |
| US071813BV00 | 3.750 % | Baxter International Inc. 144A | 1,000,000 | 0 | 1,000,000 | 114.0170 | 1,013,935.08 | 0.04 |
|  |  | v.20(2025) |  |  |  |  |  |  |
| US097023CY98 | 5.150 % | Boeing Co. v.20(2030) | 20,000,000 | 10,000,000 | 10,000,000 | 110.9790 | 9,869,186.31 | 0.35 |
| US097023CV59 | 5.705 % | Boeing Co. v.20(2040) | 29,500,000 | 16,500,000 | 13,000,000 | 113.3830 | 13,107,861.27 | 0.47 |
| US110122CA48 | 3.200 % | Bristol-Myers Squibb Co. 144A | 0 | 0 | 10,000,000 | 112.1550 | 9,973,766.12 | 0.35 |
|  |  | v.19(2026) |  |  |  |  |  |  |
| US110122CB21 | 3.400 % | Bristol-Myers Squibb Co. 144A | 0 | 0 | 1,000,000 | 115.6030 | 1,028,039.13 | 0.04 |
|  |  | v.19(2029) |  |  |  |  |  |  |
| US141781BL76 | 1.375 % | Cargill Inc. 144A v.20(2023) | 2,000,000 | 0 | 2,000,000 | 101.7180 | 1,809,124.06 | 0.06 |
| US142339AJ92 | 2.750 % | Carlisle Cos. Inc. v.20(2030) | 10,000,000 | 0 | 10,000,000 | 103.1500 | 9,172,965.76 | 0.33 |
| US14913Q3B33 | 2.150 % | Caterpillar Financial Services | 0 | 0 | 1,000,000 | 106.0650 | 943,219.21 | 0.03 |
|  |  | Corporation v.19(2024) |  |  |  |  |  |  |
| US125523AG54 | 4.125 % | Cigna Corporation v.18(2025) | 0 | 10,000,000 | 10,000,000 | 114.7990 | 10,208,892.84 | 0.36 |
| US172967LS86 | 3.520 % | Citigroup Inc. Fix-to-Float | 0 | 29,000,000 | 1,000,000 | 110.4850 | 982,525.57 | 0.03 |
|  |  | v.17(2028) |  |  |  |  |  |  |
| US20030NCA72 | 3.150 % | Comcast Corporation | 0 | 9,000,000 | 1,000,000 | 111.5010 | 991,560.69 | 0.04 |
|  |  | v.17(2028) |  |  |  |  |  |  |
| US20030NCS80 | 3.950 % | Comcast Corporation | 0 | 0 | 10,000,000 | 114.4440 | 10,177,323.25 | 0.36 |
|  |  | v.18(2025) |  |  |  |  |  |  |
| US222070AB02 | 6.500 % | Coty Inc. 144A v.18(2026) | 4,000,000 | 5,000,000 | 21,000,000 | 85.0130 | 15,876,149.40 | 0.56 |
| US23166MAA18 | 6.750 % | Cushman & Wakefield U.S. | 7,000,000 | 0 | 7,000,000 | 105.1420 | 6,545,077.81 | 0.23 |
|  |  | Borrower LLC 144A v.20(2028) |  |  |  |  |  |  |
| USF12033TP59 | 2.947 % | Danone S.A. Reg.S. v.16(2026) | 0 | 5,000,000 | 25,000,000 | 109.9690 | 24,448,421.52 | 0.87 |
| US23355LAK26 | 4.125 % | DXC Technology Co. v.20(2025) | 5,000,000 | 0 | 5,000,000 | 106.4560 | 4,733,481.55 | 0.17 |
| US278642AU75 | 3.600 % | eBay Inc. v.17(2027) | 0 | 5,000,000 | 10,000,000 | 112.9460 | 10,044,108.49 | 0.36 |
| USF2893TAU00 | 4.500 % | Electricité de France S.A. | 0 | 19,000,000 | 1,000,000 | 116.4080 | 1,035,197.87 | 0.04 |
|  |  | (E.D.F.) Reg.S. v.18(2028) |  |  |  |  |  |  |
| US26867LAL45 | 3.250 % | EMD Finance LLC 144A | 0 | 0 | 20,000,000 | 108.8330 | 19,356,691.86 | 0.69 |
|  |  | v.15(2025) |  |  |  |  |  |  |
| US29446MAD48 | 2.875 % | Equinor ASA v.20(2025) | 5,000,000 | 0 | 5,000,000 | 108.0000 | 4,802,134.28 | 0.17 |
| US29446MAJ18 | 1.750 % | Equinor ASA v.20(2026) | 4,000,000 | 0 | 4,000,000 | 102.6250 | 3,650,511.34 | 0.13 |
| US30212PAU93 | 7.000 % | Expedia Group Inc. 144A | 7,000,000 | 0 | 7,000,000 | 104.9280 | 6,531,756.34 | 0.23 |
|  |  | v.20(2025) |  |  |  |  |  |  |
| US345370CW84 | 9.000 % | Ford Motor Co. v.20(2025) | 8,000,000 | 3,000,000 | 5,000,000 | 108.2590 | 4,813,650.51 | 0.17 |
| US34964CAC01 | 4.000 % | Fortune Brands Home & | 0 | 0 | 5,000,000 | 109.5100 | 4,869,275.23 | 0.17 |
|  |  | Security Inc. v.18(2023) |  |  |  |  |  |  |


### Statement of net assets as of 30 June 2020

### 21
1)	NFA = net fund assets. Due to rounding differences in the individual items, the total amounts may deviate from the actual value.
| ISIN | Securities | Acquisitions in the period under review | Disposals in the period under review | Holdings | Price | Price EUR | % share of NFA 1) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| USD (continued) |  |  |  |  |  |  |  |  |
| US34964CAE66 | 3.250 % | Fortune Brands Home & | 0 | 13,000,000 | 2,000,000 | 106.6500 | 1,896,843.04 | 0.07 |
|  |  | Security Inc. v.19(2029) |  |  |  |  |  |  |
| US36166NAB91 | 4.400 % | GE Capital Funding LLC 144A | 10,000,000 | 0 | 10,000,000 | 103.8840 | 9,238,239.22 | 0.33 |
|  |  | v.20(2030) |  |  |  |  |  |  |
| US369604BW26 | 3.625 % | General Electric Co. v.20(2030) | 3,000,000 | 0 | 3,000,000 | 99.7530 | 2,661,262.78 | 0.09 |
| US370334CF96 | 4.000 % | General Mills Inc. v.18(2025) | 0 | 5,000,000 | 15,000,000 | 113.1300 | 15,090,706.98 | 0.54 |
| US375558BM47 | 2.950 % | Gilead Sciences Inc. v.16(2027) | 0 | 0 | 10,000,000 | 111.6520 | 9,929,035.13 | 0.35 |
| US42824CBG33 | 4.450 % | Hewlett Packard Enterprise Co. | 5,000,000 | 0 | 5,000,000 | 109.2490 | 4,857,670.08 | 0.17 |
|  |  | v.20(2023) |  |  |  |  |  |  |
| US40434LAB18 | 3.000 % | HP Inc. v.20(2027) | 3,500,000 | 0 | 3,500,000 | 104.9700 | 3,267,185.42 | 0.12 |
| US44891CBD48 | 3.500 % | Hyundai Capital America Reg.S. | 1,000,000 | 2,000,000 | 3,000,000 | 102.4980 | 2,734,495.33 | 0.10 |
|  |  | v.19(2026) |  |  |  |  |  |  |
| US44891CBG78 | 3.000 % | Hyundai Capital America Reg.S. | 7,000,000 | 0 | 7,000,000 | 98.2690 | 6,117,234.33 | 0.22 |
|  |  | v.20(2027) |  |  |  |  |  |  |
| US458140BD13 | 2.875 % | Intel Corporation v.17(2024) | 0 | 0 | 10,000,000 | 108.4040 | 9,640,195.64 | 0.34 |
| US478160BY94 | 2.450 % | Johnson & Johnson v.16(2026) | 0 | 14,000,000 | 1,000,000 | 109.5250 | 973,988.44 | 0.03 |
| US487836BW75 | 4.300 % | Kellogg Co. v.18(2028) | 0 | 19,000,000 | 1,000,000 | 117.9470 | 1,048,883.95 | 0.04 |
| US49271VAH33 | 4.417 % | Keurig Dr Pepper Inc. | 0 | 10,000,000 | 10,000,000 | 115.3780 | 10,260,382.39 | 0.37 |
|  |  | v.19(2025) |  |  |  |  |  |  |
| US500255AW45 | 9.500 % | Kohl’s Corporation v.20(2025) | 7,000,000 | 6,500,000 | 500,000 | 114.0160 | 506,963.09 | 0.02 |
| US50077LBA35 | 3.875 % | Kraft Heinz Foods Co. 144A | 1,000,000 | 0 | 1,000,000 | 104.6440 | 930,582.48 | 0.03 |
|  |  | v.20(2027) |  |  |  |  |  |  |
| US501797AU81 | 9.375 % | L Brands Inc. 144A v.20(2025) | 7,000,000 | 0 | 7,000,000 | 101.1130 | 6,294,273.01 | 0.22 |
| US55616PAA21 | 8.375 % | Macy’s Inc. 144A v.20(2025) | 5,000,000 | 0 | 5,000,000 | 99.6650 | 4,431,525.12 | 0.16 |
| US57636QAR56 | 3.300 % | Mastercard Inc. v.20(2027) | 250,000 | 0 | 250,000 | 113.5350 | 252,412.18 | 0.01 |
| US58013MFL37 | 1.450 % | McDonald’s Corporation | 10,000,000 | 0 | 10,000,000 | 102.7610 | 9,138,372.61 | 0.33 |
|  |  | v.20(2025) |  |  |  |  |  |  |
| US58933YAR62 | 2.750 % | Merck & Co. Inc. v.15(2025) | 0 | 10,000,000 | 10,000,000 | 108.4700 | 9,646,064.92 | 0.34 |
| US609207AR65 | 3.625 % | Mondelez International Inc. | 0 | 0 | 30,000,000 | 112.7340 | 30,075,767.01 | 1.07 |
|  |  | v.19(2026) |  |  |  |  |  |  |
| US615369AM79 | 3.250 % | Moody’s Corporation v.17(2028) | 0 | 4,000,000 | 1,000,000 | 110.8890 | 986,118.27 | 0.04 |
| US641062AE42 | 3.500 % | Nestlé Holdings Inc. 144A | 0 | 10,000,000 | 10,000,000 | 113.0300 | 10,051,578.48 | 0.36 |
|  |  | v.18(2025) |  |  |  |  |  |  |
| US70450YAD58 | 2.650 % | PayPal Holdings Inc. v.19(2026) | 0 | 0 | 25,000,000 | 108.5950 | 24,142,952.42 | 0.86 |
| US713448DY13 | 3.000 % | PepsiCo Inc. v.17(2027) | 0 | 10,000,000 | 10,000,000 | 112.2090 | 9,978,568.25 | 0.36 |
| USP78625DW03 | 6.490 % | Petróleos Mexicanos Reg.S. | 6,000,000 | 5,500,000 | 500,000 | 90.7260 | 403,405.96 | 0.01 |
|  |  | v.19(2027) |  |  |  |  |  |  |
| US73179PAM86 | 5.750 % | PolyOne Corporation 144A | 4,000,000 | 0 | 4,000,000 | 102.3750 | 3,641,618.50 | 0.13 |
|  |  | v.20(2025) |  |  |  |  |  |  |
| US747525AU71 | 3.250 % | QUALCOMM Inc. v.17(2027) | 0 | 5,000,000 | 20,000,000 | 113.1330 | 20,121,476.21 | 0.72 |
| US731572AA14 | 1.700 % | Ralph Lauren Corporation | 1,000,000 | 0 | 1,000,000 | 101.7660 | 904,988.88 | 0.03 |
|  |  | v.20(2022) |  |  |  |  |  |  |
| US771196BE11 | 3.350 % | Roche Holdings Inc. 144A | 0 | 9,000,000 | 1,000,000 | 110.8890 | 986,118.27 | 0.04 |
|  |  | v.14(2024) |  |  |  |  |  |  |
| US771196BL53 | 2.375 % | Roche Holdings Inc. 144A | 0 | 20,000,000 | 10,000,000 | 107.2060 | 9,533,659.40 | 0.34 |
|  |  | v.16(2027) |  |  |  |  |  |  |
| US778296AB92 | 4.600 % | Ross Stores Inc. v.20(2025) | 6,000,000 | 0 | 6,000,000 | 114.9360 | 6,132,645.62 | 0.22 |
| US78355HKQ10 | 4.625 % | Ryder System Inc. v.20(2025) | 1,000,000 | 0 | 1,000,000 | 111.7910 | 994,139.62 | 0.04 |
| US78355HKR92 | 3.350 % | Ryder System Inc. v.20(2025) | 1,000,000 | 0 | 1,000,000 | 106.1650 | 944,108.49 | 0.03 |
| US806851AG69 | 4.000 % | Schlumberger Holdings | 0 | 0 | 10,000,000 | 110.7690 | 9,850,511.34 | 0.35 |
|  |  | Corporation 144A v.15(2025) |  |  |  |  |  |  |
| US855244AK58 | 2.450 % | Starbucks Corporation | 0 | 0 | 10,000,000 | 106.9210 | 9,508,314.81 | 0.34 |
|  |  | v.16(2026) |  |  |  |  |  |  |
| US88032WAG15 | 3.595 % | Tencent Holdings Ltd. 144A | 0 | 9,000,000 | 1,000,000 | 108.8450 | 967,941.31 | 0.03 |
|  |  | v.18(2028) |  |  |  |  |  |  |


### Statement of net assets as of 30 June 2020

### 22
1)	NFA = net fund assets. Due to rounding differences in the individual items, the total amounts may deviate from the actual value.
| ISIN | Securities | Acquisitions in the period under review | Disposals in the period under review | Holdings | Price | Price EUR | % share of NFA 1) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| USD (continued) |  |  |  |  |  |  |
| US88167AAL52 | 6.000 % | Teva Pharmaceutical Finance Netherlands III BV v.18(2024) | 3,000,000 | 0 | 3,000,000 | 102.5530 | 2,735,962.65 | 0.10 |
| US29736RAN08 | 2.000 % | The Estée Lauder Companies Inc. v.19(2024) | 0 | 0 | 1,000,000 | 105.4270 | 937,545.58 | 0.03 |
| US382550BH30 | 9.500 % | The Goodyear Tire & Rubber Co. v.20(2025) | 6,000,000 | 0 | 6,000,000 | 106.4050 | 5,677,456.65 | 0.20 |
| US427866BF42 | 0.900 % | The Hershey Co. v.20(2025) | 1,000,000 | 0 | 1,000,000 | 100.6760 | 895,295.69 | 0.03 |
| US883556CF73 | 4.133 % | Thermo Fisher Scientific Inc. v.20(2025) | 2,000,000 | 0 | 2,000,000 | 114.2010 | 2,031,142.73 | 0.07 |
| US91324PDS83 | 2.875 % | UnitedHealth Group Inc. v.19(2029) | 0 | 0 | 1,000,000 | 111.7410 | 993,694.98 | 0.04 |
| US90290MAC55 | 6.250 % | US Foods Inc. 144A v.20(2025) | 6,000,000 | 0 | 6,000,000 | 101.8390 | 5,433,828.37 | 0.19 |
| US92343VDD38 | 2.625 % | Verizon Communications Inc. v.16(2026) | 0 | 5,000,000 | 15,000,000 | 108.8070 | 14,514,050.69 | 0.52 |
| US918204BA53 | 2.400 % | V.F. Corporation v.20(2025) | 10,000,000 | 0 | 10,000,000 | 105.0600 | 9,342,819.03 | 0.33 |
| US92556HAA59 | 4.750 % | ViacomCBS Inc. v.20(2025) | 5,000,000 | 0 | 5,000,000 | 114.0230 | 5,069,942.20 | 0.18 |
| US92826CAD48 | 3.150 % | VISA Inc. v.15(2025) | 0 | 4,000,000 | 15,000,000 | 111.5110 | 14,874,744.33 | 0.53 |
| US92826CAH51 | 2.750 % | VISA Inc. v.17(2027) | 0 | 0 | 10,000,000 | 110.7500 | 9,848,821.70 | 0.35 |
| US928668BE16 | 3.350 % | Volkswagen Group America Finance LLC 144A v.20(2025) | 5,000,000 | 0 | 5,000,000 | 107.7950 | 4,793,019.12 | 0.17 |
| US931142EM13 | 3.050 % | Walmart Inc. v.19(2026) | 0 | 20,000,000 | 10,000,000 | 112.8560 | 10,036,104.94 | 0.36 |
| US92928QAH11 | 2.875 % | WEA Finance LLC 144A v.19(2027) | 2,000,000 | 0 | 2,000,000 | 97.4410 | 1,733,054.69 | 0.06 |
| US92928QAF54 | 3.500 % | WEA Finance LLC 144A v.19(2029) | 1,000,000 | 16,000,000 | 15,000,000 | 97.0070 | 12,940,017.79 | 0.46 |
| US95081QAN43 | 7.125 % | Wesco Distribution Inc. 144A v.20(2025) | 3,000,000 | 0 | 3,000,000 | 105.3800 | 2,811,382.84 | 0.10 |
| US983793AH33 | 6.250 % | XPO Logistics Inc. 144A v.20(2025) | 7,000,000 | 0 | 7,000,000 | 104.8510 | 6,526,963.09 | 0.23 |
| US88579YBG52 | 3.375 % | 3M Co. v.19(2029) | 0 | 0 | 1,000,000 | 114.8050 |  |  |
| 714,093,105.85 | 25.43 |
| Securities admitted to or included in organised markets |  |  |  |  | 825,098,953.85 | 29.38 |
| New issues intended for trading on an organised market |  |  |  |  |  |  |
| EUR |  |  |  |  |  |  |
| XS2115092954 | 0.500 % | Whirlpool EMEA Finance S.à | 7,500,000 | 6,500,000 | 1,000,000 | 93.2180 | 932,180.00 | 0.03 |
| r.l. v.20(2028) |  |  |  |  |
|  |  |
| 932,180.00 | 0.03 |
| New issues intended for trading on an organised market |  |  |  |  | 932,180.00 | 0.03 |
| Unlisted securities |  |  |  |  |  |  |
| USD |  |  |  |  |  |  |
| USF0183JNQ06 | 2.250 % | Air Liquide Finance Reg.S. v.19(2029) | 0 | 0 | 1,000,000 | 105.4900 | 938,105.82 | 0.03 |
| US780153AZ50 | 11.500 % | Royal Caribbean Cruises Ltd. | 7,500,000 | 2,500,000 | 5,000,000 | 103.7810 | 4,614,539.80 | 0.16 |
| 144A v.20(2025) |  |  |  |  |
|  |  |
| 5,552,645.62 | 0.19 |
| Unlisted securities |  |  |  |  | 5,552,645.62 | 0.19 |
| Bonds |  |  |  |  | 1,456,404,800.26 | 51.93 |


### Statement of net assets as of 30 June 2020

### 23
1)	NFA = net fund assets. Due to rounding differences in the individual items, the total amounts may deviate from the actual value.
| ISIN | Securities | Acquisitions in the period under review | Disposals in the period under review | Holdings | Price | Price EUR | % share of NFA 1) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Convertible bonds |  |  |  |  |  |  |
| Securities admitted to or included in organised markets |  |  |  |  |  |  |
| EUR |  |  |  |  |  |  |
| DE000A2G9H97 | 4.000 % | Consus Real Estate AG/Consus | 6,000,000 | 0 | 6,000,000 | 100.2710 | 6,016,260.00 | 0.21 |
| Real Estate AG Reg.S. CV |  |  |  |  |
|  |  |
| v.17(2022) |  |  |  |  |  |  |
| DE000A254NA6 | 7.500 % | PREOS Real Estate AG/PREOS | 6,000,000 | 0 | 6,000,000 | 97.5000 | 5,850,000.00 | 0.21 |
| Real Estate AG CV v.19(2024) |  |  |  |  |
|  |  |
| USD |  |  |  |  | 11,866,260.00 | 0.42 |
|  |  |
| DE000A2BPEU0 | 0.925 % | BASF SE Optionsanleihe cum | 0 | 0 | 30,000,000 | 98.1040 | 26,172,698.98 | 0.93 |
| v.17(2023) |  |  |  |  |
|  |  |
| 26,172,698.98 | 0.93 |
| Securities admitted to or included in organised markets |  |  |  |  | 38,038,958.98 | 1.35 |
| Convertible bonds |  |  |  |  | 38,038,958.98 | 1.35 |
| Certificates |  |  |  |  |  |  |
| Securities traded on an exchange |  |  |  |  |  |  |
| United States of America |  |  |  |  |  |  |
| DE000A0S9GB0	Dte. Börse Commodities GmbH/	EUR Gold Unze 999 Zert. v.07(2199) DE000A0N62G0	Wisdom Tree Metal Securities Ltd./  EUR Gold Unze 999 Zert. v.07(2199) | 720,000 1,353,000 | 2,080,000 833,000 | 2,590,000 900,000 | 50.6750 149.6300 |  |  |
| 265,915,250.00 | 9.46 |
| Securities traded on an exchange |  |  |  |  | 265,915,250.00 | 9.46 |
| Certificates |  |  |  |  | 265,915,250.00 | 9.46 |
| Securities holdings |  |  |  |  | 2,532,991,042.05 | 90.25 |
| Cash at banks - current accounts 2) |  |  |  |  | 268,293,648.16 | 9.55 |
| Other receivables and payables (net) |  |  |  |  | 8,673,470.48 | 0.20 |
| Total net fund assets in EUR |  |  |  |  | 2,809,958,160.69 | 100.00 |


### Statement of net assets as of 30 June 2020

### 24

### Forward foreign exchange contracts

### The following forward foreign exchange contracts were open as of 30 June 2020:
| Currency | Counterparty |  | Currency amount | Price EUR | % share of NFA 1) |
| --- | --- | --- | --- | --- | --- |
| CHF/EUR | DZ PRIVATBANK S.A. | Currency purchases | 150,425,000.00 | 140,856,082.87 | 5.01 |
| CHF/EUR | J.P. Morgan AG, Frankfurt | Currency purchases | 245,000,000.00 | 229,438,497.93 | 8.17 |
| CHF/EUR | Morgan Stanley Europe SE | Currency purchases | 283,000,000.00 | 264,991,198.17 | 9.43 |
| USD/EUR | DZ PRIVATBANK S.A. | Currency purchases | 22,935,000.00 | 20,386,721.05 | 0.73 |
| EUR/CHF | DZ PRIVATBANK S.A. | Currency sales | 1,090,000.00 | 1,020,662.33 | 0.04 |
| EUR/USD | DZ PRIVATBANK S.A. | Currency sales | 517,425,000.00 | 459,281,812.08 | 16.34 |
| EUR/USD | J.P. Morgan AG, Frankfurt | Currency sales | 480,000,000.00 | 425,974,135.43 | 15.16 |
| EUR/USD | Morgan Stanley Europe SE | Currency sales | 85,000,000.00 | 75,579,875.48 | 2.69 |

1)	NFA = net fund assets. Due to rounding differences in the individual items, the total amounts may deviate from the actual value.
2)	See notes to the Report.

Translation (ENDE, 2020-06-30):
# Vermögensaufstellung des Ethna-AKTIV zum 30. Juni 2020
### 16	Vermögensaufstellung zum 30. Juni 2020
| ISIN | Wertpapiere |  | Zugänge im Berichts- zeitraum | Abgänge im Berichts- zeitraum | Bestand | Kurs | Kurswert EUR | %-Anteil vom NFV 1) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Aktien, Anrechte und Genussscheine |  |  |  |  |  |  |  |
| Börsengehandelte Wertpapiere |  |  |  |  |  |  |  |
| Belgien |  |  |  |  |  |  |  |
| BE0974293251 | Anheuser-Busch InBev S.A./NV | EUR | 800.000 | 0 | 800.000 | 43,6000 | 34.880.000,00 | 1,24 |
| 34.880.000,00 | 1,24 |
| Deutschland |  |  |  |  |  |  |  |
| DE000BAY0017 | Bayer AG | EUR | 900.000 | 0 | 900.000 | 66,9000 | 60.210.000,00 | 2,14 |
| DE000A2NBVD5 | DFV Deutsche Familienversicherung AG | EUR | 211.106 | 156.608 | 767.985 | 23,6000 | 18.124.446,00 | 0,65 |
| DE0005550636 | Drägerwerk AG & Co. KGaA -VZ- | EUR | 207.604 | 26.000 | 181.604 | 70,4000 | 12.784.921,60 | 0,45 |
| DE000A0V9L94 | Eyemaxx Real Estate AG | EUR | 570.044 | 44 | 570.000 | 6,8800 | 3.921.600,00 | 0,14 |
| DE000A2NBX80 | Instone Real Estate Group AG | EUR | 1.110.000 | 1.085.000 | 25.000 | 19,0400 | 476.000,00 | 0,02 |
| DE0006450000 | LPKF Laser & Electronics AG | EUR | 308.988 | 212.964 | 96.024 | 19,3400 | 1.857.104,16 | 0,07 |
| DE000TCAG172 | Tele Columbus AG | EUR | 350.000 | 4.000.000 | 4.000.000 | 3,0800 | 12.320.000,00 | 0,44 |
| DE000ZEAL241 | Zeal Network SE | EUR | 543.338 | 102.088 | 441.250 | 31,5000 | 13.899.375,00 | 0,49 |
| 123.593.446,76 | 4,40 |
| Schweiz |  |  |  |  |  |  |  |
| CH0012005267 | Novartis AG | CHF | 1.050.000 | 0 | 1.050.000 | 83,3700 | 81.957.213,74 | 2,92 |
| CH0014852781 | Swiss Life Holding AG | CHF | 100.000 | 0 | 100.000 | 347,8000 | 32.562.494,15 | 1,16 |
| 114.519.707,89 | 4,08 |
| Vereinigte Staaten von Amerika |  |  |  |  |  |  |  |
| US1667641005 | Chevron Corporation | USD | 340.000 | 180.000 | 160.000 | 87,6700 | 12.474.166,30 | 0,44 |
| US2220702037 | Coty Inc. | USD | 783.728 | 783.728 | 1.500.000 | 4,7400 | 6.322.810,14 | 0,23 |
| US23804L1035 | Datadog Inc. | USD | 110.000 | 0 | 110.000 | 83,7200 | 8.189.595,38 | 0,29 |
| US28414H1032 | Elanco Animal Health Inc. | USD | 905.000 | 1.005.000 | 900.000 | 21,0000 | 16.807.469,99 | 0,60 |
| US30231G1022 | Exxon Mobil Corporation | USD | 750.000 | 430.000 | 320.000 | 44,3200 | 12.612.183,19 | 0,45 |
| US3377381088 | Fiserv Inc. | USD | 325.000 | 0 | 325.000 | 97,0100 | 28.037.572,25 | 1,00 |
| US4282911084 | Hexcel Corporation | USD | 350.000 | 0 | 350.000 | 47,0000 | 14.628.723,88 | 0,52 |
| US5007541064 | Kraft Heinz Co., The | USD | 700.000 | 0 | 700.000 | 31,6400 | 19.695.864,83 | 0,70 |
| US57636Q1040 | Mastercard Inc. | USD | 115.000 | 0 | 115.000 | 292,9300 | 29.957.269,90 | 1,07 |
| US8522341036 | Square Inc. | USD | 300.000 | 0 | 300.000 | 103,6800 | 27.660.293,46 | 0,98 |
| US92826C8394 | VISA Inc. | USD | 430.000 | 255.000 | 175.000 | 191,3800 | 29.783.459,32 | 1,06 |
| US98980G1022 | Zscaler Inc. | USD | 125.000 | 0 | 125.000 | 105,3900 |  |  |
| 217.884.615,40 | 7,76 |

1)	NFV = Netto-Fondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
| ISIN | Wertpapiere | Zugänge im Berichts- zeitraum | Abgänge im Berichts- zeitraum | Bestand | Kurs | Kurswert EUR | %-Anteil vom NFV 1) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Vereinigtes Königreich |  |  |  |  |  |
| GB00BFZ4N465 | Cushman and Wakefield Plc.	USD | 1.900.000 | 0 | 1.900.000 | 12,4000 | 20.951.534,02 | 0,75 |
| GB00B03MLX29 | Royal Dutch Shell Plc.	EUR | 5.000.000 | 1.000.000 | 4.000.000 | 14,8620 |  |  |
| 80.399.534,02 | 2,87 |
| Börsengehandelte Wertpapiere |  |  |  | 571.277.304,07 | 20,35 |
| An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere |  |  |  |  |  |
| Schweiz |  |  |  |  |  |
| CH0510341644 | Sandpiper Digital Payments AG	CHF | 0 | 0 | 8.991.901 | 0,0100 |  |  |
| 84.185,95 | 0,00 |
| An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere |  |  |  | 84.185,95 | 0,00 |
| Nicht notierte Wertpapiere |  |  |  |  |  |
| Luxemburg |  |  |  |  |  |
| LU1333070875 | JAB Consumer Fund SCA SICAR - USD Global Consumer Brands | 0 | 7.054 | 77.519 | 1.544,7200 | 106.487.517,55 | 3,79 |
| LU1121643917 | JAB Consumer Fund SCA SICAR	EUR | 0 | 6.737 | 49.774 | 1.672,9000 | 83.266.090,66 | 2,96 |
| Class A1 |  |  |  |
|  |  |
| Schweiz |  |  |  | 189.753.608,21 | 6,75 |
|  |  |
| CH0046409444 | Mountain Partners AG	CHF | 0 | 0 | 440.431 | 27,9300 |  |  |
| 11.516.934,58 | 0,41 |
| Nicht notierte Wertpapiere |  |  |  | 201.270.542,79 | 7,16 |
| Aktien, Anrechte und Genussscheine |  |  |  | 772.632.032,81 | 27,51 |
| Anleihen |  |  |  |  |  |
| Börsengehandelte Wertpapiere |  |  |  |  |  |
| CHF |  |  |  |  |  |
| CH0353945394 | 3,000%  gategroup Fin Reg.S. v.17(2022) | 7.500.000 | 0 | 7.500.000 | 82,0500 | 5.761.398,75 | 0,21 |
| CH0517825318 | 0,260%  Hyundai Capital Services Inc. EMTN Reg.S. v.20(2025) | 5.000.000 | 0 | 5.000.000 | 96,8670 | 4.534.547,33 | 0,16 |
| CH0508785745 | 1,500% Temenos AG Reg.S. v.19(2025) | 0 | 0 | 10.000.000 | 95,4050 | 8.932.216,08 | 0,32 |
| CH0333827506 | 1,000%  Teva Pharmaceutical Finance | 0 | 0 | 3.000.000 | 86,3940 | 2.426.570,55 | 0,09 |
| Netherlands IV v.16(2025) |  |  |  |
|  |  |
|  |  |  |  | 21.654.732,71 | 0,78 |
| EUR | 1.000.070,00 8.878.050,00 6.083.460,00 10.572.800,00 3.104.790,00 10.464.200,00 10.171.700,00 10.054.700,00 9.777.600,00 | 0,04 0,32 0,22 0,38 0,11 0,37 0,36 0,36 0,35 |
| XS2076155105 | 0,375%  Abbott Ireland Financing DAC | 0 | 0 | 1.000.000 | 100,0070 |
| Reg.S. v.19(2027) |  |  |  |
| XS2102283061 | 0,600% ABN AMRO Bank NV Reg.S. | 10.000.000 | 1.000.000 | 9.000.000 | 98,6450 |
| v.20(2027) |  |  |  |
| XS2185867830 | 1,375% Airbus SE EMTN Reg.S. | 6.000.000 | 0 | 6.000.000 | 101,3910 |
| v.20(2026) |  |  |  |
| XS2152796269 | 2,000%  Airbus SE Reg.S. v.20(2028) | 10.000.000 | 0 | 10.000.000 | 105,7280 |
| XS2177552390 | 2,500%  Amadeus IT Group S.A. EMTN | 3.000.000 | 0 | 3.000.000 | 103,4930 |
| Reg.S. v.20(2024) |  |  |  |
| XS1907120528 | 1,800% AT & T Inc. v.18(2026) | 0 | 0 | 10.000.000 | 104,6420 |
| XS1533922263 | 1,250% Avery Dennison Corporation | 0 | 0 | 10.000.000 | 101,7170 |
| v.17(2025) |  |  |  |
| XS1991265478 | 0,808% Bank of America Corporation | 40.000.000 | 30.000.000 | 10.000.000 | 100,5470 |
| EMTN Reg.S. Fix-to-Float |  |  |  |
| v.19(2026) |  |  |  |
| XS2082324364 | 0,750%  Barclays Plc. EMTN Reg.S. Fix- | 0 | 10.000.000 | 10.000.000 | 97,7760 |
| to-Float v.19(2025) |  |  |  |


### Vermögensaufstellung zum 30. Juni 2020

### 17
1)	NFV = Netto-Fondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
| ISIN | Wertpapiere | Zugänge im Berichts- zeitraum | Abgänge im Berichts- zeitraum | Bestand | Kurs | Kurswert EUR | %-Anteil vom NFV 1) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| EUR (Fortsetzung) |  |  |  |  |  |  |  |  |
| XS1998215559 | 1,300% | Baxter International Inc. | 0 | 9.000.000 | 1.000.000 | 104,6540 | 1.046.540,00 | 0,04 |
|  |  | v.19(2029) |  |  |  |  |  |  |
| XS2002532724 | 1,208% | Becton Dickinson Euro Finance | 20.000.000 | 19.000.000 | 1.000.000 | 100,4760 | 1.004.760,00 | 0,04 |
|  |  | S.à r.l. v.19(2026) |  |  |  |  |  |  |
| FR0013444759 | 0,125% | BNP Paribas S.A. EMTN Reg.S. | 20.000.000 | 0 | 20.000.000 | 96,0730 | 19.214.600,00 | 0,68 |
|  |  | v.19(2026) |  |  |  |  |  |  |
| XS1992931508 | 0,831% | BP Capital Markets Plc. EMTN | 0 | 0 | 10.000.000 | 98,6460 | 9.864.600,00 | 0,35 |
|  |  | Reg.S. v.19(2027) |  |  |  |  |  |  |
| XS2099128055 | 0,875% | CA Immobilien Anlagen AG | 10.000.000 | 0 | 10.000.000 | 94,6550 | 9.465.500,00 | 0,34 |
|  |  | Reg.S. v.20(2027) |  |  |  |  |  |  |
| XS1785795763 | 1,550% | Chubb INA Holdings Inc. | 0 | 0 | 10.000.000 | 105,4910 | 10.549.100,00 | 0,38 |
|  |  | v.18(2028) |  |  |  |  |  |  |
| XS1859010685 | 1,500% | Citigroup Inc. EMTN Reg.S. | 0 | 10.000.000 | 10.000.000 | 103,2260 | 10.322.600,00 | 0,37 |
|  |  | Fix-to-Float v.18(2026) |  |  |  |  |  |  |
| XS1497312295 | 0,875% | CK Hutchison Finance [16] II | 10.000.000 | 0 | 10.000.000 | 99,9640 | 9.996.400,00 | 0,36 |
|  |  | Ltd. Reg.S. v.16(2024) |  |  |  |  |  |  |
| DE000A289XH6 | 1,625% | Daimler AG EMTN Reg.S. | 7.000.000 | 0 | 7.000.000 | 102,2610 | 7.158.270,00 | 0,25 |
|  |  | v.20(2023) |  |  |  |  |  |  |
| DE000A2R9ZU9 | 0,625% | Daimler International Finance | 0 | 0 | 10.000.000 | 94,7920 | 9.479.200,00 | 0,34 |
|  |  | BV EMTN Reg.S. v.19(2027) |  |  |  |  |  |  |
| XS1732232340 | 0,625% | Deutsche Telekom International | 5.000.000 | 4.000.000 | 1.000.000 | 101,7530 | 1.017.530,00 | 0,04 |
|  |  | Finance BV EMTN Reg.S. |  |  |  |  |  |  |
|  |  | v.17(2024) |  |  |  |  |  |  |
| XS2079388828 | 2,000% | Dufry One BV Reg.S. v.19(2027) | 1.440.000 | 11.440.000 | 5.000.000 | 76,9920 | 3.849.600,00 | 0,14 |
| XS1883245331 | 1,750% | DXC Technology Co. v.18(2026) | 500.000 | 0 | 1.000.000 | 98,5800 | 985.800,00 | 0,04 |
| DE000A289NX4 | 0,625% | Evonik Industries AG EMTN | 7.000.000 | 0 | 7.000.000 | 101,0370 | 7.072.590,00 | 0,25 |
|  |  | Reg.S. v.20(2025) |  |  |  |  |  |  |
| XS2034629134 | 1,300% | Fedex Corporation v.19(2031) | 3.000.000 | 13.000.000 | 10.000.000 | 95,7830 | 9.578.300,00 | 0,34 |
| SE0011167972 | 5,500% | Ferratum Capital Germany | 1.000.000 | 0 | 1.000.000 | 102,0970 | 1.020.970,00 | 0,04 |
|  |  | GmbH Reg.S. FRN v.18(2022) |  |  |  |  |  |  |
| XS2100788780 | 0,450% | General Mills Inc. v.20(2026) | 9.000.000 | 1.000.000 | 8.000.000 | 98,5210 | 7.881.680,00 | 0,28 |
| XS2125145867 | 0,850% | General Motors Financial Co. | 7.000.000 | 6.000.000 | 1.000.000 | 87,8610 | 878.610,00 | 0,03 |
|  |  | Inc. Reg.S. v.20(2026) |  |  |  |  |  |  |
| DE000A2YN2U2 | 0,500% | HOCHTIEF AG EMTN Reg.S. | 0 | 4.000.000 | 1.000.000 | 99,1160 | 991.160,00 | 0,04 |
|  |  | v.19(2027) |  |  |  |  |  |  |
| XS2198388592 | 9,250% | HT Troplast GmbH Reg.S. | 2.000.000 | 0 | 2.000.000 | 102,2390 | 2.044.780,00 | 0,07 |
|  |  | v.20(2025) |  |  |  |  |  |  |
| XS2013618421 | 0,875% | ISS Global A/S Reg.S. v.19(2026) | 0 | 10.000.000 | 10.000.000 | 97,0400 | 9.704.000,00 | 0,35 |
| FR0013509627 | 2,000% | JCDecaux S.A. Reg.S. v.20(2024) | 4.000.000 | 0 | 4.000.000 | 101,1790 | 4.047.160,00 | 0,14 |
| XS1456422135 | 0,625% | JPMorgan Chase & Co. EMTN | 35.000.000 | 25.000.000 | 10.000.000 | 100,8850 | 10.088.500,00 | 0,36 |
|  |  | Reg.S. v.16(2024) |  |  |  |  |  |  |
| NO0010795701 | 7,000% | Metalcorp Group S.A. | 950.000 | 0 | 4.000.000 | 80,0000 | 3.200.000,00 | 0,11 |
|  |  | v.17(2022) |  |  |  |  |  |  |
| FR0013425139 | 0,625% | MMS USA Financing Inc. | 0 | 2.000.000 | 13.000.000 | 95,7060 | 12.441.780,00 | 0,44 |
|  |  | Reg.S. v.19(2025) |  |  |  |  |  |  |
| XS2100690036 | 0,375% | Santander Consumer Finance | 5.000.000 | 0 | 5.000.000 | 98,5470 | 4.927.350,00 | 0,18 |
|  |  | S.A. EMTN Reg.S. v.20(2025) |  |  |  |  |  |  |
| XS2182055181 | 0,250% | Siemens | 1.000.000 | 0 | 1.000.000 | 100,6110 | 1.006.110,00 | 0,04 |
|  |  | Financieringsmaatschappij NV |  |  |  |  |  |  |
|  |  | EMTN Reg.S. v.20(2024) |  |  |  |  |  |  |
| XS2122485845 | 0,500% | The Dow Chemical Co. | 10.000.000 | 3.000.000 | 7.000.000 | 94,8890 | 6.642.230,00 | 0,24 |
|  |  | v.20(2027) |  |  |  |  |  |  |
| XS1843435501 | 1,500% | TLG IMMOBILIEN AG Reg.S. | 0 | 10.000.000 | 10.000.000 | 100,1850 | 10.018.500,00 | 0,36 |
|  |  | v.19(2026) |  |  |  |  |  |  |
| XS1167667283 | 1,625% | Volkswagen Internat Finance | 2.000.000 | 22.000.000 | 40.000.000 | 99,6450 | 39.858.000,00 | 1,42 |
|  |  | NV EMTN Reg.S. v.15(2030) |  |  |  |  |  |  |
| XS1586555945 | 1,875% | Volkswagen Internat Finance | 10.000.000 | 0 | 20.000.000 | 102,5610 | 20.512.200,00 | 0,73 |
|  |  | NV Reg.S. v.17(2027) |  |  |  |  |  |  |


### Vermögensaufstellung zum 30. Juni 2020

### 18
1)	NFV = Netto-Fondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
| ISIN | Wertpapiere | Zugänge im Berichts- zeitraum | Abgänge im Berichts- zeitraum | Bestand | Kurs | Kurswert EUR | %-Anteil vom NFV 1) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| EUR (Fortsetzung) |  |  |  |  |  |  |
| XS2014291616 | 1,500% | Volkswagen Leasing GmbH EMTN Reg.S. v.19(2026) | 0 | 0 | 20.000.000 | 100,5600 | 20.112.000,00 | 0,72 |
| DE000A182VT2 | 1,500% | Vonovia Finance BV EMTN Reg.S. v.16(2026) | 0 | 0 | 5.000.000 | 104,8920 | 5.244.600,00 | 0,19 |
| DE000A19X8A4 | 1,500% | Vonovia Finance BV EMTN Reg.S. v.18(2026) | 10.000.000 | 0 | 20.000.000 | 105,3590 | 21.071.800,00 | 0,75 |
| XS1463043973 | 1,000% | Wells Fargo & Co. EMTN Reg.S. v.16(2027) | 36.000.000 | 26.000.000 | 10.000.000 | 100,7480 | 10.074.800,00 | 0,36 |
| XS1987097430 | 0,500% | Wells Fargo & Co. EMTN Reg.S. | 35.000.000 | 25.000.000 | 10.000.000 | 99,3250 | 9.932.500,00 | 0,35 |
| v.19(2024) |  |  |  |  |
|  |  |
| USD |  |  |  |  | 382.411.490,00 | 13,67 |
|  |  |
| US01609WAT99 | 3,400% | Alibaba Group Holding Ltd. v.17(2027) | 0 | 0 | 10.000.000 | 110,8000 | 9.853.268,12 | 0,35 |
| US0258M0EL96 | 3,300% | American Express Credit v.17(2027) | 0 | 10.000.000 | 10.000.000 | 113,5690 | 10.099.510,89 | 0,36 |
| US404280BZ11 | 3,803% | HSBC Holdings Plc. Fix-to- Float v.19(2025) | 0 | 0 | 10.000.000 | 107,9830 | 9.602.756,78 | 0,34 |
| US46124HAB24 | 0,950% | Intuit Inc. v.20(2025) | 5.000.000 | 0 | 5.000.000 | 100,3380 | 4.461.449,53 | 0,16 |
| US46625HRS12 | 3,200% | JPMorgan Chase & Co. v.16(2026) | 0 | 0 | 5.000.000 | 111,0250 | 4.936.638,51 | 0,18 |
| US654106AF00 | 2,375% | NIKE Inc. v.16(2026) | 0 | 10.000.000 | 10.000.000 | 109,1710 | 9.708.403,74 | 0,35 |
| US66989HAJ77 | 3,000% | Novartis Capital Corporation v.15(2025) | 0 | 10.000.000 | 10.000.000 | 111,0600 | 9.876.389,51 | 0,35 |
| US68389XBM65 | 2,650% | Oracle Corporation v.16(2026) | 0 | 10.000.000 | 10.000.000 | 108,0530 | 9.608.981,77 | 0,34 |
| US713448DN57 | 2,375% | PepsiCo Inc. v.16(2026) | 0 | 10.000.000 | 10.000.000 | 108,9990 | 9.693.108,05 | 0,34 |
| US717081DV27 | 2,750% | Pfizer Inc. v.16(2026) | 0 | 0 | 1.000.000 | 110,9780 | 986.909,74 | 0,04 |
| US75625QAE98 | 3,000% | Reckitt Benckiser Treasury Services Plc. 144A v.17(2027) | 0 | 0 | 40.000.000 | 109,1330 | 38.820.097,82 | 1,38 |
| US191216BZ21 | 2,250% | The Coca-Cola Co. v.16(2026) | 0 | 0 | 10.000.000 | 108,3240 | 9.633.081,37 | 0,34 |
| US191216BW99 | 2,550% | The Coca-Cola Co. v.16(2026) | 0 | 0 | 10.000.000 | 109,8520 | 9.768.963,98 | 0,35 |
| US437076BN13 | 2,125% | The Home Depot Inc. v.16(2026) | 0 | 0 | 19.500.000 | 107,7800 | 18.690.173,41 | 0,67 |
| US460690BL39 | 4,200% | The Interpublic Group of Companies Inc. v.14(2024) | 0 | 5.000.000 | 10.000.000 | 109,2180 | 9.712.583,37 | 0,35 |
| US742718ER62 | 2,450% | The Procter & Gamble Co. v.16(2026) | 0 | 31.500.000 | 1.000.000 | 110,0890 | 979.004,00 | 0,03 |
| US25468PDM59 | 1,850% | The Walt Disney Co Reg.S.v.16(2026) | 0 | 10.000.000 | 10.000.000 | 103,3330 | 9.189.239,66 | 0,33 |
| XS1793296465 | 5,250% | Trafigura Funding S.A. EMTN Reg.S. v.18(2023) | 8.000.000 | 0 | 8.000.000 | 97,3520 | 6.925.887,06 | 0,25 |
| US912909AM02 | 6,875% | United States Steel Corporation v.17(2025) | 4.000.000 | 0 | 4.000.000 | 68,4790 | 2.435.891,51 | 0,09 |
| US98978VAL71 | 3,000% | Zoetis Inc. v.17(2027) | 0 | 5.000.000 | 10.000.000 | 110,6680 |  |  |
| 194.823.868,39 | 6,95 |
| Börsengehandelte Wertpapiere |  |  |  |  | 598.890.091,10 | 21,40 |
| Neuemissionen, die zum Börsenhandel vorgesehen sind |  |  |  |  |  |  |
| EUR |  |  |  |  |  |  |
| XS2066744231 | 1,000% | Carnival Plc. v.19(2029) | 4.550.000 | 12.750.000 | 1.800.000 | 53,7060 | 966.708,00 | 0,03 |
| FR0013512407 | 0,750% | Kering S.A. EMTN Reg.S. v.20(2028) | 1.000.000 | 0 | 1.000.000 | 102,0330 | 1.020.330,00 | 0,04 |
| XS2197673747 | 3,000% | MTU Aero Engines AG Reg.S. v.20(2025) | 10.000.000 | 0 | 10.000.000 | 102,7670 | 10.276.700,00 | 0,37 |
| XS2195096420 | 1,375% | Symrise AG Reg.S. v.20(2027) | 10.000.000 | 0 | 10.000.000 | 100,9090 |  |  |
| 22.354.638,00 | 0,80 |


### Vermögensaufstellung zum 30. Juni 2020

### 19
1)	NFV = Netto-Fondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
| ISIN | Wertpapiere | Zugänge im Berichts- zeitraum | Abgänge im Berichts- zeitraum | Bestand | Kurs | Kurswert EUR | %-Anteil vom NFV 1) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| USD |  |  |  |  |  |
| US036752AJ29 | 2,375% | Anthem Inc. v.19(2025) | 3.800.000 | 0 | 3.800.000 | 105,8300 |  |  |
| 3.576.291,69 | 0,13 |
| Neuemissionen, die zum Börsenhandel vorgesehen sind |  |  |  | 25.930.929,69 | 0,93 |
| An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere |  |  |  | 21.038.800,00 10.089.900,00 4.116.400,00 2.925.000,00 2.328.750,00 4.575.000,00 4.502.500,00 7.028.210,00 1.031.680,00 9.726.800,00 5.121.420,00 9.608.300,00 515.205,00 98.823,00 980.440,00 5.612.280,00 5.004.500,00 9.501.500,00 7.200.340,00 | 0,75 0,36 0,15 0,10 0,08 0,16 0,16 0,25 0,04 0,35 0,18 0,34 0,02 0,00 0,03 0,20 0,18 0,34 0,26 |
| EUR |  |  |  |
| XS1627602201 | 1,875% | American International Group | 0 | 0 | 20.000.000 | 105,1940 |
| Inc. v.17(2027) |  |  |  |
| XS2190961784 | 1,875% | Athene Global Funding EMTN | 10.000.000 | 0 | 10.000.000 | 100,8990 |
| v.20(2023) |  |  |  |
| XS2178833427 | 0,750% | Equinor ASA EMTN Reg.S. | 4.000.000 | 0 | 4.000.000 | 102,9100 |
| v.20(2026) |  |  |  |
| DE000A255D05 | 7,500% | ERWE Immobilien AG | 1.500.000 | 0 | 3.000.000 | 97,5000 |
| v.19(2023) |  |  |  |
| XS1706202592 | 4,125% | Europcar Mobility Group S.A. | 3.000.000 | 0 | 3.000.000 | 77,6250 |
| Reg.S. v.17(2024) |  |  |  |
| DE000A2GSSP3 | 5,500% | Eyemaxx Real Estate AG Reg.S. | 5.000.000 | 0 | 5.000.000 | 91,5000 |
| v.18(2023) |  |  |  |
| DE000A254N04 | 5,000% | Groß & Partner | 5.900.000 | 900.000 | 5.000.000 | 90,0500 |
| Grundstücksentwicklungs- |  |  |  |
| gesellschaft mbH v.20(2025) |  |  |  |
| DE000A2E4QG3 | 4,500% | IKB Dte. Industriebank AG | 7.000.000 | 0 | 7.000.000 | 100,4030 |
| v.17(2022) |  |  |  |
| DE000A1919G4 | 1,750% | JAB Holdings BV Reg.S. | 0 | 0 | 1.000.000 | 103,1680 |
| v.18(2026) |  |  |  |
| DE000A2SBDE0 | 1,000% | JAB Holdings BV Reg.S. | 5.000.000 | 0 | 10.000.000 | 97,2680 |
| v.19(2027) |  |  |  |
| XS2010037682 | 6,875% | Jaguar Land Rover Automotive | 6.000.000 | 0 | 6.000.000 | 85,3570 |
| Plc. Reg.S. v.19(2026) |  |  |  |
| XS2052310054 | 0,875% | LYB International Finance II BV | 10.000.000 | 0 | 10.000.000 | 96,0830 |
| v.19(2026) |  |  |  |
| XS2177443343 | 1,750% | Mohawk Capital Finance S.A. | 500.000 | 0 | 500.000 | 103,0410 |
| v.20(2027) |  |  |  |
| XS1690644668 | 3,500% | Nidda Healthcare Holding | 6.000.000 | 5.900.000 | 100.000 | 98,8230 |
| GmbH Reg.S. v.17(2024) |  |  |  |
| XS2047619064 | 0,625% | PostNL NV Green Bond | 0 | 0 | 1.000.000 | 98,0440 |
| v.19(2026) |  |  |  |
| XS1814546013 | 3,875% | Tele Columbus AG Reg.S. | 1.000.000 | 0 | 6.000.000 | 93,5380 |
| v.18(2025) |  |  |  |
| XS1514149159 | 1,250% | Whirlpool Finance Luxembourg | 0 | 0 | 5.000.000 | 100,0900 |
| S.a.r.l. v.16(2026) |  |  |  |
| XS2054209833 | 0,840% | Wintershall Dea Finance BV | 20.000.000 | 10.000.000 | 10.000.000 | 95,0150 |
| Reg.S. v.19(2025) |  |  |  |
| XS2176562812 | 2,375% | WPP Finance S.A. EMTN | 7.000.000 | 0 | 7.000.000 | 102,8620 |
| Reg.S. v.20(2027) |  |  |  |
| USD |  |  |  | 111.005.848,00 | 3,95 |
|  |  |
| US00287YBU29 | 2,950% | AbbVie Inc. 144A v.19(2026) | 10.000.000 | 0 | 20.000.000 | 108,5980 | 19.314.895,51 | 0,69 |
| US00774MAN56 | 6,500% | AerCap Ireland Capital DAC/ | 4.000.000 | 0 | 4.000.000 | 104,5210 | 3.717.954,65 | 0,13 |
| AerCap Global Aviation Trust |  |  |  |
|  |  |
| v.20(2025) |  |  |  |  |  |
| US023135AZ90 | 2,800% | Amazon.com Inc. v.17(2024) | 0 | 0 | 1.000.000 | 108,8580 | 968.056,91 | 0,03 |
| US023135BC96 | 3,150% | Amazon.com Inc. v.17(2027) | 0 | 10.000.000 | 10.000.000 | 113,6060 | 10.102.801,25 | 0,36 |
| US023771S586 | 11,750% | American Airlines Inc. 144A v.20(2025) | 19.000.000 | 0 | 19.000.000 | 95,3790 | 16.115.615,83 | 0,57 |
| US025816CA56 | 4,200% | American Express Co. | 0 | 10.000.000 | 10.000.000 | 116,3460 | 10.346.465,10 | 0,37 |
| v.18(2025) |  |  |  |
|  |  |


### Vermögensaufstellung zum 30. Juni 2020

### 20
1)	NFV = Netto-Fondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
| ISIN | Wertpapiere | Zugänge im Berichts- zeitraum | Abgänge im Berichts- zeitraum | Bestand | Kurs | Kurswert EUR | %-Anteil vom NFV 1) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| USD (Fortsetzung) |  |  |  |  |  |  |  |  |
| US026874DH71 | 3,900% | American International Group | 0 | 0 | 10.000.000 | 112,9700 | 10.046.242,77 | 0,36 |
|  |  | Inc. v.16(2026) |  |  |  |  |  |  |
| US031162BY57 | 3,125% | Amgen Inc. v.15(2025) | 0 | 10.000.000 | 10.000.000 | 109,7890 | 9.763.361,49 | 0,35 |
| US031162CQ15 | 3,200% | Amgen Inc. v.17(2027) | 0 | 0 | 10.000.000 | 112,3900 | 9.994.664,30 | 0,36 |
| US03522AAG58 | 3,650% | Anheuser-Busch Cos. LLC/ | 0 | 0 | 20.000.000 | 112,2450 | 19.963.539,35 | 0,71 |
|  |  | Anheuser-Busch InBev |  |  |  |  |  |  |
|  |  | Worldwide Inc. v.19(2026) |  |  |  |  |  |  |
| US035240AL43 | 4,000% | Anheuser-Busch InBev | 0 | 19.000.000 | 1.000.000 | 115,6020 | 1.028.030,24 | 0,04 |
|  |  | Worldwide Inc. v.18(2028) |  |  |  |  |  |  |
| US037389BD49 | 2,200% | AON Corporation v.19(2022) | 0 | 9.000.000 | 1.000.000 | 103,8910 | 923.886,17 | 0,03 |
| US037833DN70 | 2,050% | Apple Inc. v.19(2026) | 0 | 20.000.000 | 10.000.000 | 106,5460 | 9.474.966,65 | 0,34 |
| US038522AR99 | 6,375% | Aramark Services Inc. 144A | 5.000.000 | 0 | 5.000.000 | 102,9800 | 4.578.923,97 | 0,16 |
|  |  | v.20(2025) |  |  |  |  |  |  |
| US00206RCN08 | 3,400% | AT & T Inc. v.15(2025) | 0 | 10.000.000 | 20.000.000 | 109,8760 | 19.542.196,53 | 0,70 |
| US00206RJX17 | 2,300% | AT & T Inc. v.20(2027) | 10.000.000 | 0 | 10.000.000 | 103,2870 | 9.185.148,96 | 0,33 |
| US04685A2M23 | 2,800% | Athene Global Funding 144A | 10.000.000 | 0 | 10.000.000 | 102,1000 | 9.079.590,93 | 0,32 |
|  |  | v.20(2023) |  |  |  |  |  |  |
| US06051GFX25 | 3,500% | Bank of America Corporation | 0 | 5.000.000 | 10.000.000 | 112,7130 | 10.023.388,17 | 0,36 |
|  |  | v.16(2026) |  |  |  |  |  |  |
| US91831AAC53 | 6,125% | Bausch Health Companies Inc. | 4.000.000 | 0 | 4.000.000 | 100,6850 | 3.581.502,89 | 0,13 |
|  |  | 144A v.15(2025) |  |  |  |  |  |  |
| US071813BV00 | 3,750% | Baxter International Inc. 144A | 1.000.000 | 0 | 1.000.000 | 114,0170 | 1.013.935,08 | 0,04 |
|  |  | v.20(2025) |  |  |  |  |  |  |
| US097023CY98 | 5,150% | Boeing Co. v.20(2030) | 20.000.000 | 10.000.000 | 10.000.000 | 110,9790 | 9.869.186,31 | 0,35 |
| US097023CV59 | 5,705% | Boeing Co. v.20(2040) | 29.500.000 | 16.500.000 | 13.000.000 | 113,3830 | 13.107.861,27 | 0,47 |
| US110122CA48 | 3,200% | Bristol-Myers Squibb Co. 144A | 0 | 0 | 10.000.000 | 112,1550 | 9.973.766,12 | 0,35 |
|  |  | v.19(2026) |  |  |  |  |  |  |
| US110122CB21 | 3,400% | Bristol-Myers Squibb Co. 144A | 0 | 0 | 1.000.000 | 115,6030 | 1.028.039,13 | 0,04 |
|  |  | v.19(2029) |  |  |  |  |  |  |
| US141781BL76 | 1,375% | Cargill Inc. 144A v.20(2023) | 2.000.000 | 0 | 2.000.000 | 101,7180 | 1.809.124,06 | 0,06 |
| US142339AJ92 | 2,750% | Carlisle Cos. Inc. v.20(2030) | 10.000.000 | 0 | 10.000.000 | 103,1500 | 9.172.965,76 | 0,33 |
| US14913Q3B33 | 2,150% | Caterpillar Financial Services | 0 | 0 | 1.000.000 | 106,0650 | 943.219,21 | 0,03 |
|  |  | Corporation v.19(2024) |  |  |  |  |  |  |
| US125523AG54 | 4,125% | Cigna Corporation v.18(2025) | 0 | 10.000.000 | 10.000.000 | 114,7990 | 10.208.892,84 | 0,36 |
| US172967LS86 | 3,520% | Citigroup Inc. Fix-to-Float | 0 | 29.000.000 | 1.000.000 | 110,4850 | 982.525,57 | 0,03 |
|  |  | v.17(2028) |  |  |  |  |  |  |
| US20030NCA72 | 3,150% | Comcast Corporation | 0 | 9.000.000 | 1.000.000 | 111,5010 | 991.560,69 | 0,04 |
|  |  | v.17(2028) |  |  |  |  |  |  |
| US20030NCS80 | 3,950% | Comcast Corporation | 0 | 0 | 10.000.000 | 114,4440 | 10.177.323,25 | 0,36 |
|  |  | v.18(2025) |  |  |  |  |  |  |
| US222070AB02 | 6,500% | Coty Inc. 144A v.18(2026) | 4.000.000 | 5.000.000 | 21.000.000 | 85,0130 | 15.876.149,40 | 0,56 |
| US23166MAA18 | 6,750% | Cushman & Wakefield U.S. | 7.000.000 | 0 | 7.000.000 | 105,1420 | 6.545.077,81 | 0,23 |
|  |  | Borrower LLC 144A v.20(2028) |  |  |  |  |  |  |
| USF12033TP59 | 2,947% | Danone S.A. Reg.S. v.16(2026) | 0 | 5.000.000 | 25.000.000 | 109,9690 | 24.448.421,52 | 0,87 |
| US23355LAK26 | 4,125% | DXC Technology Co. v.20(2025) | 5.000.000 | 0 | 5.000.000 | 106,4560 | 4.733.481,55 | 0,17 |
| US278642AU75 | 3,600% | eBay Inc. v.17(2027) | 0 | 5.000.000 | 10.000.000 | 112,9460 | 10.044.108,49 | 0,36 |
| USF2893TAU00 | 4,500% | Electricité de France S.A. | 0 | 19.000.000 | 1.000.000 | 116,4080 | 1.035.197,87 | 0,04 |
|  |  | (E.D.F.) Reg.S. v.18(2028) |  |  |  |  |  |  |
| US26867LAL45 | 3,250% | EMD Finance LLC 144A | 0 | 0 | 20.000.000 | 108,8330 | 19.356.691,86 | 0,69 |
|  |  | v.15(2025) |  |  |  |  |  |  |
| US29446MAD48 | 2,875% | Equinor ASA v.20(2025) | 5.000.000 | 0 | 5.000.000 | 108,0000 | 4.802.134,28 | 0,17 |
| US29446MAJ18 | 1,750% | Equinor ASA v.20(2026) | 4.000.000 | 0 | 4.000.000 | 102,6250 | 3.650.511,34 | 0,13 |
| US30212PAU93 | 7,000% | Expedia Group Inc. 144A | 7.000.000 | 0 | 7.000.000 | 104,9280 | 6.531.756,34 | 0,23 |
|  |  | v.20(2025) |  |  |  |  |  |  |
| US345370CW84 | 9,000% | Ford Motor Co. v.20(2025) | 8.000.000 | 3.000.000 | 5.000.000 | 108,2590 | 4.813.650,51 | 0,17 |
| US34964CAC01 | 4,000% | Fortune Brands Home & | 0 | 0 | 5.000.000 | 109,5100 | 4.869.275,23 | 0,17 |
|  |  | Security Inc. v.18(2023) |  |  |  |  |  |  |


### Vermögensaufstellung zum 30. Juni 2020

### 21
1)	NFV = Netto-Fondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
| ISIN | Wertpapiere | Zugänge im Berichts- zeitraum | Abgänge im Berichts- zeitraum | Bestand | Kurs | Kurswert EUR | %-Anteil vom NFV 1) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| USD (Fortsetzung) |  |  |  |  |  |  |  |  |
| US34964CAE66 | 3,250% | Fortune Brands Home & | 0 | 13.000.000 | 2.000.000 | 106,6500 | 1.896.843,04 | 0,07 |
|  |  | Security Inc. v.19(2029) |  |  |  |  |  |  |
| US36166NAB91 | 4,400% | GE Capital Funding LLC 144A | 10.000.000 | 0 | 10.000.000 | 103,8840 | 9.238.239,22 | 0,33 |
|  |  | v.20(2030) |  |  |  |  |  |  |
| US369604BW26 | 3,625% | General Electric Co. v.20(2030) | 3.000.000 | 0 | 3.000.000 | 99,7530 | 2.661.262,78 | 0,09 |
| US370334CF96 | 4,000% | General Mills Inc. v.18(2025) | 0 | 5.000.000 | 15.000.000 | 113,1300 | 15.090.706,98 | 0,54 |
| US375558BM47 | 2,950% | Gilead Sciences Inc. v.16(2027) | 0 | 0 | 10.000.000 | 111,6520 | 9.929.035,13 | 0,35 |
| US42824CBG33 | 4,450% | Hewlett Packard Enterprise Co. | 5.000.000 | 0 | 5.000.000 | 109,2490 | 4.857.670,08 | 0,17 |
|  |  | v.20(2023) |  |  |  |  |  |  |
| US40434LAB18 | 3,000% | HP Inc. v.20(2027) | 3.500.000 | 0 | 3.500.000 | 104,9700 | 3.267.185,42 | 0,12 |
| US44891CBD48 | 3,500% | Hyundai Capital America Reg.S. | 1.000.000 | 2.000.000 | 3.000.000 | 102,4980 | 2.734.495,33 | 0,10 |
|  |  | v.19(2026) |  |  |  |  |  |  |
| US44891CBG78 | 3,000% | Hyundai Capital America Reg.S. | 7.000.000 | 0 | 7.000.000 | 98,2690 | 6.117.234,33 | 0,22 |
|  |  | v.20(2027) |  |  |  |  |  |  |
| US458140BD13 | 2,875% | Intel Corporation v.17(2024) | 0 | 0 | 10.000.000 | 108,4040 | 9.640.195,64 | 0,34 |
| US478160BY94 | 2,450% | Johnson & Johnson v.16(2026) | 0 | 14.000.000 | 1.000.000 | 109,5250 | 973.988,44 | 0,03 |
| US487836BW75 | 4,300% | Kellogg Co. v.18(2028) | 0 | 19.000.000 | 1.000.000 | 117,9470 | 1.048.883,95 | 0,04 |
| US49271VAH33 | 4,417% | Keurig Dr Pepper Inc. | 0 | 10.000.000 | 10.000.000 | 115,3780 | 10.260.382,39 | 0,37 |
|  |  | v.19(2025) |  |  |  |  |  |  |
| US500255AW45 | 9,500% | Kohl‘s Corporation v.20(2025) | 7.000.000 | 6.500.000 | 500.000 | 114,0160 | 506.963,09 | 0,02 |
| US50077LBA35 | 3,875% | Kraft Heinz Foods Co. 144A | 1.000.000 | 0 | 1.000.000 | 104,6440 | 930.582,48 | 0,03 |
|  |  | v.20(2027) |  |  |  |  |  |  |
| US501797AU81 | 9,375% | L Brands Inc. 144A v.20(2025) | 7.000.000 | 0 | 7.000.000 | 101,1130 | 6.294.273,01 | 0,22 |
| US55616PAA21 | 8,375% | Macy‘s, Inc. 144A v.20(2025) | 5.000.000 | 0 | 5.000.000 | 99,6650 | 4.431.525,12 | 0,16 |
| US57636QAR56 | 3,300% | Mastercard Inc. v.20(2027) | 250.000 | 0 | 250.000 | 113,5350 | 252.412,18 | 0,01 |
| US58013MFL37 | 1,450% | McDonald‘s Corporation | 10.000.000 | 0 | 10.000.000 | 102,7610 | 9.138.372,61 | 0,33 |
|  |  | v.20(2025) |  |  |  |  |  |  |
| US58933YAR62 | 2,750% | Merck & Co. Inc. v.15(2025) | 0 | 10.000.000 | 10.000.000 | 108,4700 | 9.646.064,92 | 0,34 |
| US609207AR65 | 3,625% | Mondelez International Inc. | 0 | 0 | 30.000.000 | 112,7340 | 30.075.767,01 | 1,07 |
|  |  | v.19(2026) |  |  |  |  |  |  |
| US615369AM79 | 3,250% | Moody‘s Corporation | 0 | 4.000.000 | 1.000.000 | 110,8890 | 986.118,27 | 0,04 |
|  |  | v.17(2028) |  |  |  |  |  |  |
| US641062AE42 | 3,500% | Nestlé Holdings Inc. 144A | 0 | 10.000.000 | 10.000.000 | 113,0300 | 10.051.578,48 | 0,36 |
|  |  | v.18(2025) |  |  |  |  |  |  |
| US70450YAD58 | 2,650% | PayPal Holdings Inc. v.19(2026) | 0 | 0 | 25.000.000 | 108,5950 | 24.142.952,42 | 0,86 |
| US713448DY13 | 3,000% | PepsiCo Inc. v.17(2027) | 0 | 10.000.000 | 10.000.000 | 112,2090 | 9.978.568,25 | 0,36 |
| USP78625DW03 | 6,490% | Petróleos Mexicanos Reg.S. | 6.000.000 | 5.500.000 | 500.000 | 90,7260 | 403.405,96 | 0,01 |
|  |  | v.19(2027) |  |  |  |  |  |  |
| US73179PAM86 | 5,750% | PolyOne Corporation 144A | 4.000.000 | 0 | 4.000.000 | 102,3750 | 3.641.618,50 | 0,13 |
|  |  | v.20(2025) |  |  |  |  |  |  |
| US747525AU71 | 3,250% | QUALCOMM Inc. v.17(2027) | 0 | 5.000.000 | 20.000.000 | 113,1330 | 20.121.476,21 | 0,72 |
| US731572AA14 | 1,700% | Ralph Lauren Corporation | 1.000.000 | 0 | 1.000.000 | 101,7660 | 904.988,88 | 0,03 |
|  |  | v.20(2022) |  |  |  |  |  |  |
| US771196BE11 | 3,350% | Roche Holdings Inc. 144A | 0 | 9.000.000 | 1.000.000 | 110,8890 | 986.118,27 | 0,04 |
|  |  | v.14(2024) |  |  |  |  |  |  |
| US771196BL53 | 2,375% | Roche Holdings Inc. 144A | 0 | 20.000.000 | 10.000.000 | 107,2060 | 9.533.659,40 | 0,34 |
|  |  | v.16(2027) |  |  |  |  |  |  |
| US778296AB92 | 4,600% | Ross Stores Inc. v.20(2025) | 6.000.000 | 0 | 6.000.000 | 114,9360 | 6.132.645,62 | 0,22 |
| US78355HKQ10 | 4,625% | Ryder System Inc. v.20(2025) | 1.000.000 | 0 | 1.000.000 | 111,7910 | 994.139,62 | 0,04 |
| US78355HKR92 | 3,350% | Ryder System Inc. v.20(2025) | 1.000.000 | 0 | 1.000.000 | 106,1650 | 944.108,49 | 0,03 |
| US806851AG69 | 4,000% | Schlumberger Holdings | 0 | 0 | 10.000.000 | 110,7690 | 9.850.511,34 | 0,35 |
|  |  | Corporation 144A v.15(2025) |  |  |  |  |  |  |
| US855244AK58 | 2,450% | Starbucks Corporation | 0 | 0 | 10.000.000 | 106,9210 | 9.508.314,81 | 0,34 |
|  |  | v.16(2026) |  |  |  |  |  |  |
| US88032WAG15 | 3,595% | Tencent Holdings Ltd. 144A | 0 | 9.000.000 | 1.000.000 | 108,8450 | 967.941,31 | 0,03 |
|  |  | v.18(2028) |  |  |  |  |  |  |


### Vermögensaufstellung zum 30. Juni 2020

### 22
1)	NFV = Netto-Fondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
| ISIN	Wertpapiere		Zugänge im Berichts- zeitraum | Abgänge im Berichts- zeitraum | Bestand | Kurs | Kurswert EUR | %-Anteil vom NFV 1) |
| --- | --- | --- | --- | --- | --- |
| USD (Fortsetzung) |  |  |  |  |  |
| US88167AAL52	6,000%  Teva Pharmaceutical Finance	3.000.000 Netherlands III BV v.18(2024) | 0 | 3.000.000 | 102,5530 | 2.735.962,65 | 0,10 |
| US29736RAN08	2,000%  The Estée Lauder Companies	0 Inc. v.19(2024) | 0 | 1.000.000 | 105,4270 | 937.545,58 | 0,03 |
| US382550BH30	9,500% The Goodyear Tire & Rubber	6.000.000 Co. v.20(2025) | 0 | 6.000.000 | 106,4050 | 5.677.456,65 | 0,20 |
| US427866BF42	0,900% The Hershey Co. v.20(2025)	1.000.000 | 0 | 1.000.000 | 100,6760 | 895.295,69 | 0,03 |
| US883556CF73	4,133%  Thermo Fisher Scientific Inc.	2.000.000 v.20(2025) | 0 | 2.000.000 | 114,2010 | 2.031.142,73 | 0,07 |
| US91324PDS83	2,875%  UnitedHealth Group Inc.	0 v.19(2029) | 0 | 1.000.000 | 111,7410 | 993.694,98 | 0,04 |
| US90290MAC55	6,250% US Foods Inc. 144A v.20(2025)	6.000.000 | 0 | 6.000.000 | 101,8390 | 5.433.828,37 | 0,19 |
| US92343VDD38	2,625% Verizon Communications Inc.	0 v.16(2026) | 5.000.000 | 15.000.000 | 108,8070 | 14.514.050,69 | 0,52 |
| US918204BA53	2,400% V.F. Corporation v.20(2025)	10.000.000 | 0 | 10.000.000 | 105,0600 | 9.342.819,03 | 0,33 |
| US92556HAA59	4,750% ViacomCBS Inc. v.20(2025)	5.000.000 | 0 | 5.000.000 | 114,0230 | 5.069.942,20 | 0,18 |
| US92826CAD48	3,150% VISA Inc. v.15(2025)	0 | 4.000.000 | 15.000.000 | 111,5110 | 14.874.744,33 | 0,53 |
| US92826CAH51	2,750% VISA Inc. v.17(2027)	0 | 0 | 10.000.000 | 110,7500 | 9.848.821,70 | 0,35 |
| US928668BE16	3,350%  Volkswagen Group America	5.000.000 Finance LLC 144A v.20(2025) | 0 | 5.000.000 | 107,7950 | 4.793.019,12 | 0,17 |
| US931142EM13	3,050% Walmart Inc. v.19(2026)	0 | 20.000.000 | 10.000.000 | 112,8560 | 10.036.104,94 | 0,36 |
| US92928QAH11	2,875% WEA Finance LLC 144A	2.000.000 v.19(2027) | 0 | 2.000.000 | 97,4410 | 1.733.054,69 | 0,06 |
| US92928QAF54	3,500% WEA Finance LLC 144A	1.000.000 v.19(2029) | 16.000.000 | 15.000.000 | 97,0070 | 12.940.017,79 | 0,46 |
| US95081QAN43	7,125%  Wesco Distribution Inc. 144A	3.000.000 v.20(2025) | 0 | 3.000.000 | 105,3800 | 2.811.382,84 | 0,10 |
| US983793AH33	6,250%  XPO Logistics Inc. 144A	7.000.000 v.20(2025) | 0 | 7.000.000 | 104,8510 | 6.526.963,09 | 0,23 |
| US88579YBG52	3,375% 3M Co. v.19(2029)	0 | 0 | 1.000.000 | 114,8050 |  |  |
| 714.093.105,85 | 25,43 |
| An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere	825.098.953,85	29,38 |
| Neuemissionen, die zum Handel an einem organisierten Markt vorgesehen sind |  |  |  |  |  |
| EUR |  |  |  |  |  |
| XS2115092954	0,500% Whirlpool EMEA Finance S.à	7.500.000 | 6.500.000 | 1.000.000 | 93,2180 | 932.180,00 | 0,03 |
| r.l. v.20(2028) |  |  |  |
|  |  |
| 932.180,00 | 0,03 |
| Neuemissionen, die zum Handel an einem organisierten Markt vorgesehen sind |  |  |  | 932.180,00 | 0,03 |
| Nicht notierte Wertpapiere |  |  |  |  |  |
| USD |  |  |  |  |  |
| USF0183JNQ06	2,250%  Air Liquide Finance Reg.S.	0 v.19(2029) | 0 | 1.000.000 | 105,4900 | 938.105,82 | 0,03 |
| US780153AZ50	11,500% Royal Caribbean Cruises Ltd.	7.500.000 | 2.500.000 | 5.000.000 | 103,7810 | 4.614.539,80 | 0,16 |
| 144A v.20(2025) |  |  |  |
|  |  |
| 5.552.645,62 | 0,19 |
| Nicht notierte Wertpapiere |  |  |  | 5.552.645,62 | 0,19 |
| Anleihen |  |  |  | 1.456.404.800,26 | 51,93 |


### Vermögensaufstellung zum 30. Juni 2020

### 23
1)	NFV = Netto-Fondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
| ISIN | Wertpapiere | Zugänge im Berichts- zeitraum | Abgänge im Berichts- zeitraum | Bestand | Kurs | Kurswert EUR | %-Anteil vom NFV 1) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Wandelanleihen |  |  |  |  |  |
| An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere |  |  |  |  |  |
| EUR |  |  |  |  |  |
| DE000A2G9H97 | 4,000%  Consus Real Estate AG/Consus | 6.000.000 | 0 | 6.000.000 | 100,2710 | 6.016.260,00 | 0,21 |
| Real Estate AG Reg.S. CV |  |  |  |
|  |  |
| v.17(2022) |  |  |  |  |  |
| DE000A254NA6 | 7,500% PREOS Real Estate AG/PREOS | 6.000.000 | 0 | 6.000.000 | 97,5000 | 5.850.000,00 | 0,21 |
| Real Estate AG CV v.19(2024) |  |  |  |
|  |  |
| USD |  |  |  | 11.866.260,00 | 0,42 |
|  |  |
| DE000A2BPEU0 | 0,925%  BASF SE Optionsanleihe cum | 0 | 0 | 30.000.000 | 98,1040 | 26.172.698,98 | 0,93 |
| v.17(2023) |  |  |  |
|  |  |
| 26.172.698,98 | 0,93 |
| An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere |  |  |  | 38.038.958,98 | 1,35 |
| Wandelanleihen |  |  |  | 38.038.958,98 | 1,35 |
| Zertifikate |  |  |  |  |  |
| Börsengehandelte Wertpapiere |  |  |  |  |  |
| Vereinigte Staaten von Amerika |  |  |  |  |  |
| DE000A0S9GB0 | Dte. Börse Commodities GmbH/	EUR Gold Unze 999 Zert. v.07(2199) | 720.000 | 2.080.000 | 2.590.000 | 50,6750 | 131.248.250,00 | 4,67 |
| DE000A0N62G0 | Wisdom Tree Metal Securities Ltd./  EUR | 1.353.000 | 833.000 | 900.000 | 149,6300 | 134.667.000,00 | 4,79 |
| Gold Unze 999 Zert. v.07(2199) |  |  |  |
|  |  |
| 265.915.250,00 | 9,46 |
| Börsengehandelte Wertpapiere |  |  |  | 265.915.250,00 | 9,46 |
| Zertifikate |  |  |  | 265.915.250,00 | 9,46 |
| Wertpapiervermögen |  |  |  | 2.532.991.042,05 | 90,25 |
| Bankguthaben - Kontokorrent 2) |  |  |  | 268.293.648,16 | 9,55 |
| Saldo aus sonstigen Forderungen und Verbindlichkeiten |  |  |  | 8.673.470,48 | 0,20 |
| Netto-Fondsvermögen in EUR |  |  |  | 2.809.958.160,69 | 100,00 |


### Vermögensaufstellung zum 30. Juni 2020

### 24

### Devisentermingeschäfte

### Zum 30. Juni 2020 standen folgende offene Devisentermingeschäfte aus:
| Währung | Kontrahent |  | Währungsbetrag | Kurswert EUR | %-Anteil vom NFV 1) |
| --- | --- | --- | --- | --- | --- |
| CHF/EUR | DZ PRIVATBANK S.A. | Währungskäufe | 150.425.000,00 | 140.856.082,87 | 5,01 |
| CHF/EUR | J.P. Morgan AG, Frankfurt | Währungskäufe | 245.000.000,00 | 229.438.497,93 | 8,17 |
| CHF/EUR | Morgan Stanley Europe SE | Währungskäufe | 283.000.000,00 | 264.991.198,17 | 9,43 |
| USD/EUR | DZ PRIVATBANK S.A. | Währungskäufe | 22.935.000,00 | 20.386.721,05 | 0,73 |
| EUR/CHF | DZ PRIVATBANK S.A. | Währungsverkäufe | 1.090.000,00 | 1.020.662,33 | 0,04 |
| EUR/USD | DZ PRIVATBANK S.A. | Währungsverkäufe | 517.425.000,00 | 459.281.812,08 | 16,34 |
| EUR/USD | J.P. Morgan AG, Frankfurt | Währungsverkäufe | 480.000.000,00 | 425.974.135,43 | 15,16 |
| EUR/USD | Morgan Stanley Europe SE | Währungsverkäufe | 85.000.000,00 | 75.579.875,48 | 2,69 |

1)	NFV = Netto-Fondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
2)	Siehe Erläuterungen zum Bericht.