# TABLE OF RESULTS AND OTHER SIGNIFICANT ITEMS OVER THE LAST FIVE FINANCIAL YEARS
|  | 31/03/2020 | 31/03/2021 |
| --- | --- | --- |
| Total net assets in EUR | 278,867,084.11 | 482,814,584.10 |
| A units in EUR |  |  |
| Net assets | 62,217,603.67 | 150,991,297.97 |
| Number of securities | 746,571.058 | 1,465,043.655 |
| Net asset value per unit | 83.33 | 103.06 |
| Accumulation per unit on net capital gains/losses | -1.54 | -1.95 |
| Accumulation per unit on profit/loss | 0.89 | 2.37 |
| A USD H units in USD |  |  |
| Net assets in USD | 614,004.60 | 2,915,258.56 |
| Number of securities | 7,550.000 | 28,830.000 |
| Net asset value per unit in USD | 81.32 | 101.11 |
| Accumulation per unit on net capital gains/losses in EUR | -1.20 | -5.95 |
| Accumulation per unit on profit/loss in EUR | 0.38 | 1.53 |
| B units in EUR |  |  |
| Net assets | 29,737,724.77 | 62,927,035.90 |
| Number of securities | 356,973.705 | 615,518.135 |
| Net asset value per unit | 83.30 | 102.23 |
| Accumulation per unit on net capital gains/losses | -1.54 | -1.95 |
| Distribution per unit on profit/loss (*) | 0.85 | 2.50 |
| Tax exemptions per unit | 0.016 | * |
| CR units in EUR |  |  |
| Net assets | 54,177,655.92 | 67,227,448.47 |
| Number of securities | 648,135.365 | 644,713.272 |
| Net asset value per unit | 83.59 | 104.27 |
| Accumulation per unit on net capital gains/losses | -1.54 | -1.96 |
| Accumulation per unit on profit/loss | 1.19 | 3.23 |

(*) The tax exemption per unit will only be determined on the distribution date, in accordance with the tax provisions in force.
|  | 31/03/2020 | 31/03/2021 |
| --- | --- | --- |
| CR CHF H units in CHF |  |  |
| Net assets in CHF | 1,917,624.16 | 2,827,649.53 |
| Number of securities | 23,549.000 | 27,980.000 |
| Net asset value per unit in CHF | 81.43 | 101.05 |
| Accumulation per unit on net capital gains/losses in EUR | -1.28 | -4.30 |
| Accumulation per unit on profit/loss in EUR | 0.69 | 2.78 |
| CRD units in EUR |  |  |
| Net assets | 19,135,372.84 | 28,001,185.73 |
| Number of securities | 228,713.131 | 272,036.208 |
| Net asset value per unit | 83.66 | 102.93 |
| Accumulation per unit on net capital gains/losses | -1.55 | -1.96 |
| Distribution per unit on profit/loss (*) | 1.28 | 3.20 |
| Tax exemptions per unit | 0.008 | * |
| CRD CHF H units in CHF |  |  |
| Net assets in CHF | 190,017.64 | 344,981.89 |
| Number of securities | 2,340.000 | 3,440.000 |
| Net asset value per unit in CHF | 81.20 | 100.28 |
| Accumulation per unit on net capital gains/losses in EUR | -1.24 | -4.28 |
| Accumulation per unit on profit/loss in EUR (*) | 0.67 | 3.04 |
| Tax exemption per unit in EUR | 0.006 | * |
| CRD USD H units in USD |  |  |
| Net assets in USD | 3,439,224.70 | 6,720,365.96 |
| Number of securities | 42,188.000 | 65,910.629 |
| Net asset value per unit in USD | 81.52 | 101.96 |
| Accumulation per unit on net capital gains/losses in EUR | -1.20 | -5.95 |
| Accumulation per unit on profit/loss in EUR (*) | 0.48 | 2.50 |
| Tax exemption per unit in EUR | 0.005 | * |

(*) The tax exemption per unit will only be determined on the distribution date, in accordance with the tax provisions in force.
|  | 31/03/2020 | 31/03/2021 |
| --- | --- | --- |
| CR USD H units in USD |  |  |
| Net assets in USD | 3,210,401.68 | 6,231,025.94 |
| Number of securities | 39,119.138 | 60,269.138 |
| Net asset value per unit in USD | 82.06 | 103.38 |
| Accumulation per unit on net capital gains/losses in EUR | -1.24 | -6.02 |
| Accumulation per unit on profit/loss in EUR | 0.66 | 2.63 |
| I units in EUR |  |  |
| Net assets | 42,843,017.39 | 74,732,229.07 |
| Number of securities | 514,278.327 | 720,049.973 |
| Net asset value per unit | 83.30 | 103.78 |
| Accumulation per unit on net capital gains/losses | -1.50 | -1.95 |
| Accumulation per unit on profit/loss | 1.15 | 3.09 |
| I CHF H units in CHF |  |  |
| Net assets in CHF | 9,214,459.54 | 11,450,459.54 |
| Number of securities | 113,135.347 | 112,895.000 |
| Net asset value per unit in CHF | 81.44 | 101.42 |
| Accumulation per unit on net capital gains/losses in EUR | -1.28 | -4.31 |
| Accumulation per unit on profit/loss in EUR | 0.71 | 3.10 |
| I USD H units in USD |  |  |
| Net assets in USD | 23,947,907.44 | 32,198,082.86 |
| Number of securities | 291,762.000 | 310,484.000 |
| Net asset value per unit in USD | 82.08 | 103.70 |
| Accumulation per unit on net capital gains/losses in EUR | -1.24 | -6.02 |
| Accumulation per unit on profit/loss in EUR | 0.67 | 2.88 |
| J units in EUR |  |  |
| Net assets | 23,354,343.51 | 34,495,365.11 |
| Number of securities | 279,629.097 | 334,126.948 |
| Net asset value per unit | 83.51 | 103.24 |
| Accumulation per unit on net capital gains/losses | -1.52 | -1.95 |
| Distribution per unit on profit/loss (*) | 1.03 | 3.40 |
| Tax exemptions per unit | 0.009 | * |

(*) The tax exemption per unit will only be determined on the distribution date, in accordance with the tax provisions in force.
|  | 31/03/2020 | 31/03/2021 |
| --- | --- | --- |
| J CHF H units in CHF |  |  |
| Net assets in CHF | 4,212,098.74 | 5,265,485.84 |
| Number of securities | 51,720.000 | 52,370.000 |
| Net asset value per unit in CHF | 81.44 | 100.54 |
| Accumulation per unit on net capital gains/losses in EUR | -1.28 | -4.29 |
| Accumulation per unit on profit/loss in EUR (*) | 0.70 | 3.06 |
| Tax exemption per unit in EUR | 0.006 | * |
| J USD H units in USD |  |  |
| Net assets in USD | 4,744,506.54 | 6,108,027.45 |
| Number of securities | 58,100.000 | 59,650.000 |
| Net asset value per unit in USD | 81.66 | 102.39 |
| Accumulation per unit on net capital gains/losses in EUR | -1.19 | -5.95 |
| Accumulation per unit on profit/loss in EUR (*) | 0.64 | 2.88 |
| Tax exemption per unit in EUR | 0.005 | * |
| R units in EUR |  |  |
| Net assets |  | 367,313.13 |
| Number of securities |  | 3,490.607 |
| Net asset value per unit |  | 105.22 |
| Accumulation per unit on net capital gains/losses |  | 0.17 |
| Accumulation per unit on profit/loss |  | 0.79 |

(*) The tax exemption per unit will only be determined on the distribution date, in accordance with the tax provisions in force.
- DETAILED INVENTORY OF FINANCIAL INSTRUMENTS in EUR

| Security name | Currency | Quantity or nominal amount | Current value | % Net assets |
| --- | --- | --- | --- | --- |
| Bonds and equivalent securities |  |  |  |  |
| Bonds and equivalent securities traded on a regulated or equivalent market |  |  |  |  |
| GERMANY |  |  |  |  |
| ADLER REAL ESTATE AG 3.0% 27-04-26 | EUR | 3,000,000 | 3,217,931.92 | 0.66 |
| CBR FASHION FINANCE BV 5.125% 01-10-22 | EUR | 5,000,000 | 4,968,259.03 | 1.03 |
| DEUTSCHE LUFTHANSA AG | EUR | 5,900,000 | 5,881,274.37 | 1.21 |
| DEUTSCHE LUFTHANSA AG 2.875% 11-02-25 | EUR | 2,700,000 | 2,688,156.25 | 0.56 |
| HP PELZER 4.125% 01-04-24 | EUR | 7,500,000 | 7,306,071.88 | 1.52 |
| IHO VERWALTUNGS 3.75% 15-09-26 | EUR | 3,800,000 | 3,936,258.50 | 0.82 |
| NIDDA HEALTHCARE HOLDING 3.5% 30-09-24 | EUR | 3,000,000 | 3,016,990.00 | 0.63 |
| NIDDA HEALTHCARE HOLDING AG 3.5% 30-09-24 | EUR | 1,700,000 | 1,699,257.67 | 0.35 |
| NOVEM GROUP GMBH E3R+5.25% 15-05-24 | EUR | 2,200,000 | 2,224,357.70 | 0.46 |
| THYSSENKRUPP AG 1.875% 06-03-23 | EUR | 3,265,000 | 3,270,525.90 | 0.67 |
| THYSSENKRUPP AG 2.875% 22-02-24 | EUR | 4,000,000 | 4,084,307.95 | 0.85 |
| TOTAL GERMANY |  |  | 42,293,391.17 | 8.76 |
| AUSTRIA |  |  |  |  |
| AMS AGA 6.0% 31-07-25 | EUR | 2,350,000 | 2,541,595.50 | 0.53 |
| TOTAL AUSTRIA |  |  | 2,541,595.50 | 0.53 |
| BELGIUM |  |  |  |  |
| THE HOUSE OF FINANCE NV 4.375% 15-07-26 | EUR | 3,400,000 | 3,482,292.75 | 0.72 |
| TOTAL BELGIUM |  |  | 3,482,292.75 | 0.72 |
| SPAIN |  |  |  |  |
| CELLNEX FINANCE 0.75% 15-11-26 | EUR | 1,500,000 | 1,491,071.10 | 0.30 |
| EL CORTE INGLES 3.625% 15-03-24 | EUR | 3,000,000 | 3,172,670.39 | 0.65 |
| GESTAMP AUTOMOCION 3.25% 30-04-26 | EUR | 4,300,000 | 4,403,945.33 | 0.92 |
| GRUPO ANTOLIN IRAU 3.375% 30-04-26 | EUR | 3,000,000 | 2,950,755.00 | 0.61 |
| INTL CONSOLIDATED AIRLINES GROU 0.5% 04-07-23 | EUR | 3,000,000 | 2,875,202.47 | 0.60 |
| INTL CONSOLIDATED AIRLINES GROU 2.75% 25-03-25 | EUR | 2,700,000 | 2,665,451.10 | 0.56 |
| MASARIA INVESTMENTS SAU 5.0% 15-09-24 | EUR | 5,562,000 | 5,272,201.26 | 1.09 |
| TOTAL SPAIN |  |  | 22,831,296.65 | 4.73 |
| UNITED STATES |  |  |  |  |
| COTY 4.75% 15-04-26 | EUR | 2,000,000 | 1,951,285.00 | 0.40 |
| FORD MOTOR COMPANY 9.0% 22-04-25 | USD | 7,500,000 | 7,947,906.92 | 1.65 |
| FORD MOTOR CREDIT 2.386% 17-02-26 | EUR | 1,500,000 | 1,544,861.63 | 0.32 |
| FORD MOTOR CREDIT 3.25% 15-09-25 | EUR | 1,500,000 | 1,621,808.01 | 0.34 |
| PANTHER BF AGGREGATOR 2 LP 4.375% 15-05-26 - REGS | EUR | 3,000,000 | 3,157,276.25 | 0.65 |
| TOTAL UNITED STATES |  |  | 16,223,137.81 | 3.36 |
| FRANCE |  |  |  |  |
| AIR FR KLM 1.875% 16-01-25 | EUR | 8,000,000 | 7,382,876.71 | 1.53 |
| ALTICE FRANCE 2.125% 15-02-25 | EUR | 4,500,000 | 4,348,597.87 | 0.90 |
| ALTICE FRANCE 2.5% 15-01-25 | EUR | 3,000,000 | 2,958,675.00 | 0.61 |
| BANIJAY ENTERTAINMENT SASU 3.5% 01-03-25 | EUR | 3,300,000 | 3,329,841.17 | 0.69 |
| BANIJAY GROUP SAS 6.5% 01-03-26 | EUR | 2,000,000 | 2,049,118.89 | 0.43 |
| BURGER KING FRANCE SAS 6.0% 01-05-24 | EUR | 4,500,000 | 4,697,295.00 | 0.97 |
| BURGER KING FRANCE SAS E3R+5.25% 01-05-23 | EUR | 5,000,000 | 5,042,066.76 | 1.05 |

3.12. DETAILED INVENTORY OF FINANCIAL INSTRUMENTS in EUR (cont’d)
| Security name | Currency | Quantity or nominal amount | Current value | % Net assets |
| --- | --- | --- | --- | --- |
| CHINA 6.625% 15-01-26 | EUR | 3,200,000 | 3,442,556.44 | 0.71 |
| FAURECIA 3.125% 15-06-26 | EUR | 2,500,000 | 2,612,563.54 | 0.54 |
| FNAC DARTY 2.625% 30-05-26 | EUR | 3,300,000 | 3,417,108.75 | 0.71 |
| KAPLA HOLDING 3.375% 15-12-26 | EUR | 6,500,000 | 6,505,695.63 | 1.35 |
| KAPLA HOLDING E3R+3.25% 15-12-26 | EUR | 800,000 | 794,172.67 | 0.17 |
| LOXAM 6.0% 15-04-25 | EUR | 1,500,000 | 1,550,865.00 | 0.32 |
| LOXAM SAS 2.875% 15-04-26 | EUR | 5,100,000 | 5,021,075.37 | 1.04 |
| LOXAM SAS 3.25% 14-01-25 | EUR | 2,000,000 | 1,985,011.67 | 0.41 |
| NOVAFIVES 5.0% 15-06-25 | EUR | 2,800,000 | 2,649,546.67 | 0.55 |
| ORANO 3.375% 23-04-26 EMTN | EUR | 2,000,000 | 2,223,796.16 | 0.46 |
| PAPREC 4.0% 31-03-25 | EUR | 2,900,000 | 2,945,497.78 | 0.61 |
| QUATRIM SASU 5.875% 15-01-24 | EUR | 7,900,000 | 8,447,078.29 | 1.75 |
| ASF 2.375% 25-05-26 EMTN | EUR | 4,700,000 | 4,797,567.49 | 0.99 |
| REXEL 2.75% 15-06-26 | EUR | 3,200,000 | 3,299,325.33 | 0.68 |
| SPIE 2.625% 18-06-26 | EUR | 3,500,000 | 3,677,205.00 | 0.76 |
| TEREOS FINANCE GROUPE I 7.5% 30-10-25 | EUR | 7,530,000 | 8,408,663.15 | 1.74 |
| TOTAL FRANCE |  |  | 91,586,200.34 | 18.97 |
| BRITISH VIRGIN ISLANDS |  |  |  |  |
| PLAYTECH 4.25% 07-03-26 | EUR | 4,500,000 | 4,653,871.25 | 0.96 |
| TOTAL BRITISH VIRGIN ISLANDS |  |  | 4,653,871.25 | 0.96 |
| IRELAND |  |  |  |  |
| EIRCOM FINANCE 3.5% 15-05-26 | EUR | 4,000,000 | 4,122,593.33 | 0.85 |
| TOTAL IRELAND |  |  | 4,122,593.33 | 0.85 |
| ITALY |  |  |  |  |
| FIRE BC SPA E3R+4.75% 30-09-24 | EUR | 2,800,000 | 2,686,042.30 | 0.56 |
| GAMMA BID 6.25% 15-07-25 | EUR | 4,500,000 | 4,745,711.25 | 0.98 |
| INTERNATIONAL DESIGN GROUP SPA 6.5% 15-11-25 | EUR | 1,956,000 | 2,088,515.74 | 0.43 |
| LIMA CORPORATE E3R+3.75% 15-08-23 | EUR | 2,200,000 | 2,199,688.36 | 0.46 |
| NW GLOBAL VENDING E3R+4.25% 01-11-26 | EUR | 1,900,000 | 1,797,080.94 | 0.37 |
| REKEEP 7.25% 01-02-26 | EUR | 2,000,000 | 2,163,928.89 | 0.45 |
| SAIPEM FINANCE INTL BV 2.625% 07-01-25 | EUR | 1,800,000 | 1,873,117.23 | 0.38 |
| SAIPEM FINANCE INTL BV 3.375% 15-07-26 | EUR | 4,700,000 | 5,028,687.10 | 1.04 |
| WEBUILD SPA 5.875% 15-12-25 | EUR | 9,500,000 | 10,053,350.27 | 2.09 |
| TOTAL ITALY |  |  | 32,636,122.08 | 6.76 |
| JAPAN |  |  |  |  |
| SOFT GROU 4.75% 30-07-25 | EUR | 1,505,000 | 1,678,749.74 | 0.35 |
| TOTAL JAPAN |  |  | 1,678,749.74 | 0.35 |
| JERSEY |  |  |  |  |
| WALNUT BIDCO PLC 6.75% 01-08-24 | EUR | 4,200,000 | 4,412,761.50 | 0.91 |
| TOTAL JERSEY |  |  | 4,412,761.50 | 0.91 |
| LUXEMBOURG |  |  |  |  |
| ADLER GROUP 1.875% 14-01-26 | EUR | 3,300,000 | 3,256,381.68 | 0.67 |
| ADLER GROUP 2.75% 13-11-26 | EUR | 2,400,000 | 2,476,078.36 | 0.51 |
| ALTICE FINANCING 2.25% 15-01-25 | EUR | 5,500,000 | 5,394,578.75 | 1.11 |
| CIRSA FINANCE INTL SARL 6.25% 20-12-23 | EUR | 500,000 | 515,761.39 | 0.11 |

3.12. DETAILED INVENTORY OF FINANCIAL INSTRUMENTS in EUR (cont’d)
| Security name | Currency | Quantity or nominal amount | Current value | % Net assets |
| --- | --- | --- | --- | --- |
| CONTOURGLOBAL POWER HLDG | EUR | 2,350,000 | 2,370,154.51 | 0.49 |
| CRYSTAL ALMOND SA RL 4.25% 15-10-24 | EUR | 5,000,000 | 5,196,487.50 | 1.08 |
| EDREAMS ODIGEO 5.5% 01-09-23 | EUR | 2,700,000 | 2,639,593.50 | 0.55 |
| HANE FINA LUX 3.5% 15-06-24 | EUR | 2,000,000 | 2,139,483.33 | 0.44 |
| HT TROPLAST 9.25% 15-07-25 | EUR | 6,000,000 | 6,656,835.00 | 1.38 |
| KLEOPATRA FINCO SARL 4.25% 01-03-26 | EUR | 2,500,000 | 2,504,812.50 | 0.52 |
| KLEOPATRA HOLDINGS 2 SCA 6.5% 01-09-26 | EUR | 2,650,000 | 2,567,929.50 | 0.53 |
| LHMC FINCO SARL 4.75% 22-05-25 | EUR | 4,100,000 | 4,015,401.06 | 0.83 |
| MATTERHORN TELECOM 3.125% 15-09-26 | EUR | 5,000,000 | 4,984,714.58 | 1.03 |
| PLT VII FINANCE SA RL 4.625% 05-01-26 | EUR | 5,500,000 | 5,773,769.38 | 1.20 |
| SAMSONITE FINCO SARL 3.5% 15-05-26 | EUR | 1,200,000 | 1,179,082.00 | 0.24 |
| SUMMER BC HOLDCO B SARL 5.75% 31-10-26 | EUR | 5,000,000 | 5,385,683.33 | 1.12 |
| ZF FINANCE 3.0% 21-09-25 EMTN | EUR | 2,500,000 | 2,677,754.45 | 0.56 |
| TOTAL LUXEMBOURG |  |  | 59,734,500.82 | 12.37 |
| MEXICO |  |  |  |  |
| CEMEX SAB DE CV 3.125% 19-03-26 | EUR | 3,500,000 | 3,594,904.93 | 0.74 |
| PETROLEOS MEXICANOS 6.875% 04-08-26 | USD | 6,000,000 | 5,511,649.51 | 1.15 |
| TOTAL MEXICO |  |  | 9,106,554.44 | 1.89 |
| NORWAY |  |  |  |  |
| ADEVINTA A 2.625% 15-11-25 | EUR | 3,200,000 | 3,322,913.33 | 0.69 |
| TOTAL NORWAY |  |  | 3,322,913.33 | 0.69 |
| PANAMA |  |  |  |  |
| CARN CORP 1.875% 07-11-22 | EUR | 3,300,000 | 3,275,961.08 | 0.68 |
| CARNIVAL CORP | EUR | 2,100,000 | 2,285,032.15 | 0.47 |
| CARNIVAL CORPORATION 10.125% 01-02-26 | EUR | 2,800,000 | 3,293,867.50 | 0.69 |
| CARNIVAL CORPORATION 11.5% 01-04-23 | USD | 1,400,000 | 1,359,853.75 | 0.28 |
| TOTAL PANAMA |  |  | 10,214,714.48 | 2.12 |
| THE NETHERLANDS |  |  |  |  |
| CONSTELLIUM SE 4.25% 15-02-26 | EUR | 5,000,000 | 5,118,154.17 | 1.06 |
| DUFRY ONE B.V 2.5% 31-12-24 | EUR | 10,000,000 | 9,922,650.00 | 2.06 |
| IPD 3 BV 5.5% 01-12-25 | EUR | 1,600,000 | 1,682,368.16 | 0.35 |
| MAXEDA DIY HOLDING BV 5.875% 01-10-26 | EUR | 4,000,000 | 4,139,379.18 | 0.86 |
| OI EUROPEAN GROUP BV 2.875% 28-02-25 | EUR | 2,500,000 | 2,535,007.29 | 0.52 |
| PPF ARENA 1 BV 3.125% 27-03-26 | EUR | 4,200,000 | 4,451,647.89 | 0.92 |
| PPF ARENA 2.125% 31-01-25 EMTN | EUR | 500,000 | 510,277.12 | 0.10 |
| QPARK HOLDING I BV 1.5% 01-03-25 | EUR | 5,000,000 | 4,809,991.67 | 0.99 |
| SELECTA GROUP BV 10.0% 01-07-26 PIK | EUR | 1,511,900 | 1,397,722.99 | 0.29 |
| SELECTA GROUP BV 8.0% 01-04-26 PIK | EUR | 4,825,335 | 4,957,495.56 | 1.03 |
| SIGMA HOLDCO BV 5.75% 15-05-26 | EUR | 4,000,000 | 3,932,683.33 | 0.81 |
| SUMMER BIDCO BV 9.0% 16-11-25 | EUR | 450,000 | 487,824.60 | 0.10 |
| SUMMER BIDCO BV 9.75% 15-11-25 | EUR | 2,000,000 | 2,227,707.56 | 0.46 |
| TEVA PHARMACEUTICAL FINANCE II BV 4.25% 01-03-25 | EUR | 1,000,000 | 1,054,555.00 | 0.22 |
| TEVA PHARMACEUTICAL FINANCE II BV 6.0% 31-01-25 | EUR | 9,500,000 | 10,561,783.33 | 2.19 |
| TRIVIUM PACKAGING FINANCE BV 3.75% 15-08-26 | EUR | 2,250,000 | 2,316,493.13 | 0.48 |
| UNITED GROUP BV 3.125% 15-02-26 | EUR | 3,500,000 | 3,399,609.79 | 0.71 |
| ZF EUROPE FINANCE BV 2.0% 23-02-26 | EUR | 4,500,000 | 4,544,061.16 | 0.94 |
| TOTAL THE NETHERLANDS |  |  | 68,049,411.93 | 14.09 |

3.12. DETAILED INVENTORY OF FINANCIAL INSTRUMENTS in EUR (cont’d)
| Security name | Currency | Quantity or nominal amount | Current value | % Net assets |
| --- | --- | --- | --- | --- |
| CZECH REPUBLIC |  |  |  |  |
| ENERGOPRO AS 4.5% 04-05-24 | EUR | 2,000,000 | 2,038,955.89 | 0.42 |
| SAZKA GROUP AS 4.125% 20-11-24 | EUR | 1,800,000 | 1,854,906.00 | 0.39 |
| TOTAL CZECH REPUBLIC |  |  | 3,893,861.89 | 0.81 |
| ROMANIA |  |  |  |  |
| RCS RDS 2.5% 05-02-25 | EUR | 4,600,000 | 4,592,806.11 | 0.95 |
| TOTAL ROMANIA |  |  | 4,592,806.11 | 0.95 |
| UNITED KINGDOM |  |  |  |  |
| ALGECO SCOTSMAN GLOB FIN 6.5% 15-02-23 | EUR | 1,000,000 | 1,021,457.90 | 0.21 |
| EG GLOBAL FINANCE 6.25% 30-10-25 | EUR | 5,000,000 | 5,223,016.67 | 1.09 |
| ELLAKTOR VALUE PLC 6.375% 15-12-24 | EUR | 9,850,000 | 9,290,680.06 | 1.92 |
| ENQUEST AUTRE V 15-04-22 EMTN | USD | 5,600,000 | 4,046,360.93 | 0.84 |
| INEOS FINANCE 2.125% 15-11-25 | EUR | 2,200,000 | 2,190,590.42 | 0.46 |
| INEOS FINANCE 2.875% 01-05-26 | EUR | 3,000,000 | 3,065,155.42 | 0.63 |
| INEOS FINANCE 3.375% 31-03-26 | EUR | 3,000,000 | 3,123,474.16 | 0.64 |
| INEOS QUATTRO FINANCE 1 3.75% 15-07-26 | EUR | 1,400,000 | 1,431,820.83 | 0.30 |
| INTL GAME TECHNOLOGY 3.5% 15-06-26 | EUR | 9,300,000 | 9,580,224.50 | 1.98 |
| JAGUAR LAND ROVER 4.5% 15-01-26 | EUR | 1,300,000 | 1,346,234.50 | 0.28 |
| JAGUAR LAND ROVER 5.875% 15-11-24 | EUR | 7,400,000 | 8,153,027.08 | 1.69 |
| JAGUAR LAND ROVER 6.875% 15-11-26 | EUR | 1,500,000 | 1,734,295.63 | 0.36 |
| PINNACLE BID 5.5% 15-02-25 | EUR | 3,900,000 | 4,029,698.83 | 0.84 |
| ROLLS ROYCE 4.625% 16-02-26 | EUR | 10,000,000 | 10,838,936.11 | 2.24 |
| TITAN GLOBAL FINANCE 2.375% 16-11-24 | EUR | 6,000,000 | 6,198,784.14 | 1.29 |
| VIRIDIAN GRP FINANCECO PLC 4.0% 15-09-25 | EUR | 1,315,000 | 1,328,995.98 | 0.27 |
| TOTAL UNITED KINGDOM |  |  | 72,602,753.16 | 15.04 |
| SWEDEN |  |  |  |  |
| DOMETIC GROUP AB 3.0% 08-05-26 | EUR | 3,200,000 | 3,427,807.56 | 0.71 |
| VERISURE HLD AB 3.875% 15-07-26 | EUR | 5,300,000 | 5,506,905.38 | 1.14 |
| TOTAL SWEDEN |  |  | 8,934,712.94 | 1.85 |
| TOTAL Bonds and equivalent securities traded on a regulated or equivalent market |  |  | 466,914,241.22 | 96.71 |
| TOTAL Bonds and equivalent securities |  |  | 466,914,241.22 | 96.71 |
| Forward financial instruments |  |  |  |  |
| Futures commitments |  |  |  |  |
| Futures on a regulated or equivalent market |  |  |  |  |
| EC EURUSD 0621 | USD | 164 | -395,058.71 | -0.09 |
| RP EURGBP 0621 | GBP | 2 | -2,025.00 |  |
| TOTAL Futures on a regulated or equivalent market |  |  | -397,083.71 | -0.09 |
| TOTAL Futures |  |  | -397,083.71 | -0.09 |
| TOTAL Forward financial instruments |  |  | -397,083.71 | -0.09 |
| Margin call |  |  |  |  |
| APPEL MARGE EDR FR | USD | 464,312.5 | 395,058.71 | 0.08 |
| APPEL MARGE EDR FR | GBP | 1,725 | 2,025.00 | 0.01 |
| TOTAL Margin call |  |  | 397,083.71 | 0.09 |
| Receivables |  |  | 75,693,260.60 | 15.67 |
| Payables |  |  | -70,501,555.54 | -14.60 |

3.12. DETAILED INVENTORY OF FINANCIAL INSTRUMENTS in EUR (cont’d)
| Security name | Currency | Quantity or nominal amount | Current value | % Net assets |
| --- | --- | --- | --- | --- |
| Financial accounts |  |  | 10,708,637.82 | 2.22 |
| Net assets | 482,814,584.10 | 100.00 |

| B units | EUR | 615,518.135 | 102.23 |
| --- | --- | --- | --- |
| J units | EUR | 334,126.948 | 103.24 |
| CRD units | EUR | 272,036.208 | 102.93 |
| R units | EUR | 3,490.607 | 105.22 |
| I units | EUR | 720,049.973 | 103.78 |
| CR units | EUR | 644,713.272 | 104.27 |
| A units | EUR | 1,465,043.655 | 103.06 |
| J USD H units | USD | 59,650.000 | 102.39 |
| CRD USD H units | USD | 65,910.629 | 101.96 |
| CR USD H units | USD | 60,269.138 | 103.38 |
| A USD H units | USD | 28,830.000 | 101.11 |
| I USD H units | USD | 310,484.000 | 103.70 |
| J CHF H units | CHF | 52,370.000 | 100.54 |
| CRD CHF H units | CHF | 3,440.000 | 100.28 |
| CR CHF H units | CHF | 27,980.000 | 101.05 |
| I CHF H units | CHF | 112,895.000 | 101.42 |

Translation (ENDE, 2021-03-31):
# ÜBERSICHT ÜBER DIE ERGEBNISSE UND SONSTIGEN CHARAKTERISTISCHEN MERKMALE IN DEN LETZTEN 5 GESCHÄFTSJAHREN
|  | 31.03.2020 | 31.03.2021 |
| --- | --- | --- |
| Nettovermögen in EUR | 278.867.084,11 | 482.814.584,10 |
| Anteilsklasse A en EUR |  |  |
| Nettovermögen | 62.217.603,67 | 150.991.297,97 |
| Anzahl Aktien | 746.571,058 | 1.465.043,655 |
| Nettoinventarwert je Anteil | 83,33 | 103,06 |
| Thesaurierung je Anteil von Nettogewinnen und -verlusten | -1,54 | -1,95 |
| Thesaurierung je Anteil auf das Ergebnis | 0,89 | 2,37 |
| Anteilsklasse A USD H in USD |  |  |
| Nettovermögen in USD | 614.004,60 | 2.915.258,56 |
| Anzahl Aktien | 7.550,000 | 28.830,000 |
| Nettoinventarwert je Anteil in USD | 81,32 | 101,11 |
| Thesaurierung je Anteil von Nettogewinnen und -verlusten in EUR | -1,20 | -5,95 |
| Thesaurierung je Anteil auf das Ergebnis in EUR | 0,38 | 1,53 |
| Anteilsklasse B in EUR |  |  |
| Nettovermögen | 29.737.724,77 | 62.927.035,90 |
| Anzahl Aktien | 356.973,705 | 615.518,135 |
| Nettoinventarwert je Anteil | 83,30 | 102,23 |
| Thesaurierung je Anteil von Nettogewinnen und -verlusten | -1,54 | -1,95 |
| Ausschüttung je Anteil auf das Ergebnis (*) | 0,85 | 2,50 |
| Steuerguthaben je Anteil | 0,016 | * |
| Anteilsklasse CR in EUR |  |  |
| Nettovermögen | 54.177.655,92 | 67.227.448,47 |
| Anzahl Aktien | 648.135,365 | 644.713,272 |
| Nettoinventarwert je Anteil | 83,59 | 104,27 |
| Thesaurierung je Anteil von Nettogewinnen und -verlusten | -1,54 | -1,96 |
| Thesaurierung je Anteil auf das Ergebnis | 1,19 | 3,23 |

(*) Das Steuerguthaben je Anteil wird erst am Ausschüttungsdatum entsprechend den geltenden steuerlichen Vorschriften ermittelt.
|  | 31.03.2020 | 31.03.2021 |
| --- | --- | --- |
| Anteilsklasse CR CHF H in CHF |  |  |
| Nettovermögen in CHF | 1.917.624,16 | 2.827.649,53 |
| Anzahl Aktien | 23.549,000 | 27.980,000 |
| Nettoinventarwert je Anteil in CHF | 81,43 | 101,05 |
| Thesaurierung je Anteil von Nettogewinnen und -verlusten in EUR | -1,28 | -4,30 |
| Thesaurierung je Anteil auf das Ergebnis in EUR | 0,69 | 2,78 |
| Anteilsklasse CRD in EUR |  |  |
| Nettovermögen | 19.135.372,84 | 28.001.185,73 |
| Anzahl Aktien | 228.713,131 | 272.036,208 |
| Nettoinventarwert je Anteil | 83,66 | 102,93 |
| Thesaurierung je Anteil von Nettogewinnen und -verlusten | -1,55 | -1,96 |
| Ausschüttung je Anteil auf das Ergebnis (*) | 1,28 | 3,20 |
| Steuerguthaben je Anteil | 0,008 | * |
| Anteilsklasse CRD CHF H in CHF |  |  |
| Nettovermögen in CHF | 190.017,64 | 344.981,89 |
| Anzahl Aktien | 2.340,000 | 3.440,000 |
| Nettoinventarwert je Anteil in CHF | 81,20 | 100,28 |
| Thesaurierung je Anteil von Nettogewinnen und -verlusten in EUR | -1,24 | -4,28 |
| Ausschüttung je Anteil auf das Ergebnis in EUR (*) | 0,67 | 3,04 |
| Steuerguthaben je Anteil in EUR | 0,006 | * |
| Anteilsklasse CRD USD H in USD |  |  |
| Nettovermögen in USD | 3.439.224,70 | 6.720.365,96 |
| Anzahl Aktien | 42.188,000 | 65.910,629 |
| Nettoinventarwert je Anteil in USD | 81,52 | 101,96 |
| Thesaurierung je Anteil von Nettogewinnen und -verlusten in EUR | -1,20 | -5,95 |
| Ausschüttung je Anteil auf das Ergebnis in EUR (*) | 0,48 | 2,50 |
| Steuerguthaben je Anteil in EUR | 0,005 | * |

(*) Das Steuerguthaben je Anteil wird erst am Ausschüttungsdatum entsprechend den geltenden steuerlichen Vorschriften ermittelt.
|  | 31.03.2020 | 31.03.2021 |
| --- | --- | --- |
| Anteilsklasse CR USD H in USD |  |  |
| Nettovermögen in USD | 3.210.401,68 | 6.231.025,94 |
| Anzahl Aktien | 39.119,138 | 60.269,138 |
| Nettoinventarwert je Anteil in USD | 82,06 | 103,38 |
| Thesaurierung je Anteil von Nettogewinnen und -verlusten in EUR | -1,24 | -6,02 |
| Thesaurierung je Anteil auf das Ergebnis in EUR | 0,66 | 2,63 |
| Anteilsklasse I in EUR |  |  |
| Nettovermögen | 42.843.017,39 | 74.732.229,07 |
| Anzahl Aktien | 514.278,327 | 720.049,973 |
| Nettoinventarwert je Anteil | 83,30 | 103,78 |
| Thesaurierung je Anteil von Nettogewinnen und -verlusten | -1,50 | -1,95 |
| Thesaurierung je Anteil auf das Ergebnis | 1,15 | 3,09 |
| Anteilsklasse I CHF H in CHF |  |  |
| Nettovermögen in CHF | 9.214.459,54 | 11.450.459,54 |
| Anzahl Aktien | 113.135,347 | 112.895,000 |
| Nettoinventarwert je Anteil in CHF | 81,44 | 101,42 |
| Thesaurierung je Anteil von Nettogewinnen und -verlusten in EUR | -1,28 | -4,31 |
| Thesaurierung je Anteil auf das Ergebnis in EUR | 0,71 | 3,10 |
| Anteilsklasse I USD H in USD |  |  |
| Nettovermögen in USD | 23.947.907,44 | 32.198.082,86 |
| Anzahl Aktien | 291.762,000 | 310.484,000 |
| Nettoinventarwert je Anteil in USD | 82,08 | 103,70 |
| Thesaurierung je Anteil von Nettogewinnen und -verlusten in EUR | -1,24 | -6,02 |
| Thesaurierung je Anteil auf das Ergebnis in EUR | 0,67 | 2,88 |
| Anteilsklasse J in EUR |  |  |
| Nettovermögen | 23.354.343,51 | 34.495.365,11 |
| Anzahl Aktien | 279.629,097 | 334.126,948 |
| Nettoinventarwert je Anteil | 83,51 | 103,24 |
| Thesaurierung je Anteil von Nettogewinnen und -verlusten | -1,52 | -1,95 |
| Ausschüttung je Anteil auf das Ergebnis (*) | 1,03 | 3,40 |
| Steuerguthaben je Anteil | 0,009 | * |

(*) Das Steuerguthaben je Anteil wird erst am Ausschüttungsdatum entsprechend den geltenden steuerlichen Vorschriften ermittelt.
|  | 31.03.2020 | 31.03.2021 |
| --- | --- | --- |
| Anteilsklasse J CHF H in CHF |  |  |
| Nettovermögen in CHF | 4.212.098,74 | 5.265.485,84 |
| Anzahl Aktien | 51.720,000 | 52.370,000 |
| Nettoinventarwert je Anteil in CHF | 81,44 | 100,54 |
| Thesaurierung je Anteil von Nettogewinnen und -verlusten in EUR | -1,28 | -4,29 |
| Ausschüttung je Anteil auf das Ergebnis in EUR (*) | 0,70 | 3,06 |
| Steuerguthaben je Anteil in EUR | 0,006 | * |
| Anteilsklasse J USD H in USD |  |  |
| Nettovermögen in USD | 4.744.506,54 | 6.108.027,45 |
| Anzahl Aktien | 58.100,000 | 59.650,000 |
| Nettoinventarwert je Anteil in USD | 81,66 | 102,39 |
| Thesaurierung je Anteil von Nettogewinnen und -verlusten in EUR | -1,19 | -5,95 |
| Ausschüttung je Anteil auf das Ergebnis in EUR (*) | 0,64 | 2,88 |
| Steuerguthaben je Anteil in EUR | 0,005 | * |
| Anteilsklasse R in EUR |  |  |
| Nettovermögen |  | 367.313,13 |
| Anzahl Aktien |  | 3.490,607 |
| Nettoinventarwert je Anteil |  | 105,22 |
| Thesaurierung je Anteil von Nettogewinnen und -verlusten |  | 0,17 |
| Thesaurierung je Anteil auf das Ergebnis |  | 0,79 |

(*) Das Steuerguthaben je Anteil wird erst am Ausschüttungsdatum entsprechend den geltenden steuerlichen Vorschriften ermittelt.
- DETAILLIERTE AUFSTELLUNG DER FINANZINSTRUMENTE in EUR

| Bezeichnung der Werte | Währung | Stückzahl, Anzahl od. nominal | Aktueller Wert | % Nettover mögen |
| --- | --- | --- | --- | --- |
| Anleihen und ähnliche Wertpapiere |  |  |  |  |
| Anleihen und ähnliche Wertpapiere, die an einem geregelten oder ähnlichen Markt gehandelt werden |  |  |  |  |
| DEUTSCHLAND |  |  |  |  |
| ADLER REAL ESTATE AG 3,0 % 27.04.26 | EUR | 3.000.000 | 3.217.931,92 | 0,66 |
| CBR FASHION FINANCE BV 5,125 % 01.10.22 | EUR | 5.000.000 | 4.968.259,03 | 1,03 |
| DEUTSCHE LUFTHANSA AG | EUR | 5.900.000 | 5.881.274,37 | 1,21 |
| DEUTSCHE LUFTHANSA AG 2.875% 11.02.25 | EUR | 2.700.000 | 2.688.156,25 | 0,56 |
| HP PELZER 4,125 % 01.04.24 | EUR | 7.500.000 | 7.306.071,88 | 1,52 |
| IHO VERWALTUNGS 3,75 % 15.09.26 | EUR | 3.800.000 | 3.936.258,50 | 0,82 |
| NIDDA HEALTHCARE HOLDING 3,5 % 30.09.24 | EUR | 3.000.000 | 3.016.990,00 | 0,63 |
| NIDDA HEALTHCARE HOLDING AG 3,5 % 30.09.24 | EUR | 1.700.000 | 1.699.257,67 | 0,35 |
| NOVEM GROUP GMBH E3R+5,25 % 15.05.24 | EUR | 2.200.000 | 2.224.357,70 | 0,46 |
| THYSSENKRUPP AG 1,875% 06.03.23 | EUR | 3.265.000 | 3.270.525,90 | 0,67 |
| THYSSENKRUPP AG 2,875% 22.02.24 | EUR | 4.000.000 | 4.084.307,95 | 0,85 |
| SUMME DEUTSCHLAND |  |  | 42.293.391,17 | 8,76 |
| ÖSTERREICH |  |  |  |  |
| AMS AGA 6,0 % 31.07.25 | EUR | 2.350.000 | 2.541.595,50 | 0,53 |
| SUMME ÖSTERREICH |  |  | 2.541.595,50 | 0,53 |
| BELGIEN |  |  |  |  |
| THE HOUSE OF FINANCE NV 4,375 % 15.07.26 | EUR | 3.400.000 | 3.482.292,75 | 0,72 |
| SUMME BELGIEN |  |  | 3.482.292,75 | 0,72 |
| SPANIEN |  |  |  |  |
| CELLNEX FINANCE 0,75 % 15.11.26 | EUR | 1.500.000 | 1.491.071,10 | 0,30 |
| EL CORTE INGLES 3,625 % 15.03.24 | EUR | 3.000.000 | 3.172.670,39 | 0,65 |
| GESTAMP AUTOMOCION 3,25 % 30.04.26 | EUR | 4.300.000 | 4.403.945,33 | 0,92 |
| GRUPO ANTOLIN IRAU 3,375 % 30.04.26 | EUR | 3.000.000 | 2.950.755,00 | 0,61 |
| INTL CONSOLIDATED AIRLINES GROU 0,5 % 04.07.23 | EUR | 3.000.000 | 2.875.202,47 | 0,60 |
| INTL CONSOLIDATED AIRLINES GROU 2,75% 25.03.25 | EUR | 2.700.000 | 2.665.451,10 | 0,56 |
| MASARIA INVESTMENTS SAU 5,0 % 15.09.24 | EUR | 5.562.000 | 5.272.201,26 | 1,09 |
| SUMME SPANIEN |  |  | 22.831.296,65 | 4,73 |
| VEREINIGTE STAATEN |  |  |  |  |
| COTY 4,75% 15.04.26 | EUR | 2.000.000 | 1.951.285,00 | 0,40 |
| FORD MOTOR COMPANY 9,0 % 22.04.25 | USD | 7.500.000 | 7.947.906,92 | 1,65 |
| FORD MOTOR CREDIT 2,386% 17.02.26 | EUR | 1.500.000 | 1.544.861,63 | 0,32 |
| FORD MOTOR CREDIT 3,25% 15.09.25 | EUR | 1.500.000 | 1.621.808,01 | 0,34 |
| PANTHER BF AGGREGATOR 2 LP 4,375 % 15.05.26 - REGS | EUR | 3.000.000 | 3.157.276,25 | 0,65 |
| SUMME VEREINIGTE STAATEN |  |  | 16.223.137,81 | 3,36 |
| FRANKREICH |  |  |  |  |
| AIR FR KLM 1,875 % 16.01.25 | EUR | 8.000.000 | 7.382.876,71 | 1,53 |
| ALTICE FRANCE 2,125 % 15.02.25 | EUR | 4.500.000 | 4.348.597,87 | 0,90 |
| ALTICE FRANCE 2,5% 15.01.25 | EUR | 3.000.000 | 2.958.675,00 | 0,61 |
| BANIJAY ENTERTAINMENT SASU 3,5 % 01.03.25 | EUR | 3.300.000 | 3.329.841,17 | 0,69 |
| BANIJAY GROUP SAS 6,5% 01.03.26 | EUR | 2.000.000 | 2.049.118,89 | 0,43 |
| BURGER KING FRANCE SAS 6,0 % 01.05.24 | EUR | 4.500.000 | 4.697.295,00 | 0,97 |
| BURGER KING FRANCE SAS E3R+5,25 % 01.05.23 | EUR | 5.000.000 | 5.042.066,76 | 1,05 |

3.12. DETAILLIERTE AUFSTELLUNG DER FINANZINSTRUMENTE in EUR (Fortsetzung)
| Bezeichnung der Werte | Währung | Stückzahl, Anzahl od. nominal | Aktueller Wert | % Nettover mögen |
| --- | --- | --- | --- | --- |
| CASINO 6.625% 15.01.26 | EUR | 3.200.000 | 3.442.556,44 | 0,71 |
| FAURECIA 3,125 % 15.06.26 | EUR | 2.500.000 | 2.612.563,54 | 0,54 |
| FNAC DARTY 2,625 % 30.05.26 | EUR | 3.300.000 | 3.417.108,75 | 0,71 |
| KAPLA HOLDING 3,375 % 15.12.26 | EUR | 6.500.000 | 6.505.695,63 | 1,35 |
| KAPLA HOLDING E3R+3,25 % 15.12.26 | EUR | 800.000 | 794.172,67 | 0,17 |
| LOXAM 6,0% 15.04.25 | EUR | 1.500.000 | 1.550.865,00 | 0,32 |
| LOXAM SAS 2,875 % 15.04.26 | EUR | 5.100.000 | 5.021.075,37 | 1,04 |
| LOXAM SAS 3,25% 14.01.25 | EUR | 2.000.000 | 1.985.011,67 | 0,41 |
| NOVAFIVES 5,0 % 15.06.25 | EUR | 2.800.000 | 2.649.546,67 | 0,55 |
| ORANO 3,375 % 23.04.26 EMTN | EUR | 2.000.000 | 2.223.796,16 | 0,46 |
| PAPREC 4,0% 31.03.25 | EUR | 2.900.000 | 2.945.497,78 | 0,61 |
| QUATRIM SASU 5,875 % 15.01.24 | EUR | 7.900.000 | 8.447.078,29 | 1,75 |
| RENAULT 2,375 % 25.05.26 EMTN | EUR | 4.700.000 | 4.797.567,49 | 0,99 |
| REXEL 2,75 % 15.06.26 | EUR | 3.200.000 | 3.299.325,33 | 0,68 |
| SPIE 2.625% 18.06.26 | EUR | 3.500.000 | 3.677.205,00 | 0,76 |
| TEREOS FINANCE GROUPE I 7,5 % 30.10.25 | EUR | 7.530.000 | 8.408.663,15 | 1,74 |
| SUMME FRANKREICH |  |  | 91.586.200,34 | 18,97 |
| BRITISCHE JUNGFERNINSELN |  |  |  |  |
| PLAYTECH 4,25% 07.03.26 | EUR | 4.500.000 | 4.653.871,25 | 0,96 |
| SUMME BRITISCHE JUNGFERNINSELN |  |  | 4.653.871,25 | 0,96 |
| IRLAND |  |  |  |  |
| EIRCOM FINANCE 3,5 % 15.05.26 | EUR | 4.000.000 | 4.122.593,33 | 0,85 |
| SUMME IRLAND |  |  | 4.122.593,33 | 0,85 |
| ITALIEN |  |  |  |  |
| FIRE BC SPA E3R+4,75 % 30.09.24 | EUR | 2.800.000 | 2.686.042,30 | 0,56 |
| GAMMA BID 6,25 % 15.07.25 | EUR | 4.500.000 | 4.745.711,25 | 0,98 |
| INTERNATIONAL DESIGN GROUP SPA 6,5 % 15.11.25 | EUR | 1.956.000 | 2.088.515,74 | 0,43 |
| LIMA CORPORATE E3R+3,75 % 15.08.23 | EUR | 2.200.000 | 2.199.688,36 | 0,46 |
| NW GLOBAL VENDING E3R+4,25 % 01.11.26 | EUR | 1.900.000 | 1.797.080,94 | 0,37 |
| REKEEP 7,25% 01.02.26 | EUR | 2.000.000 | 2.163.928,89 | 0,45 |
| SAIPEM FINANCE INTL BV 2,625 % 07.01.25 | EUR | 1.800.000 | 1.873.117,23 | 0,38 |
| SAIPEM FINANCE INTL BV 3,375% 15.07.26 | EUR | 4.700.000 | 5.028.687,10 | 1,04 |
| WEBUILD 5,875 % 15.12.25 | EUR | 9.500.000 | 10.053.350,27 | 2,09 |
| SUMME ITALIEN |  |  | 32.636.122,08 | 6,76 |
| JAPAN |  |  |  |  |
| SOFT GROU 4,75 % 30.07.25 | EUR | 1.505.000 | 1.678.749,74 | 0,35 |
| SUMME JAPAN |  |  | 1.678.749,74 | 0,35 |
| JERSEY |  |  |  |  |
| WALNUT BIDCO PLC 6,75 % 01.08.24 | EUR | 4.200.000 | 4.412.761,50 | 0,91 |
| SUMME JERSEY |  |  | 4.412.761,50 | 0,91 |
| LUXEMBURG |  |  |  |  |
| ADLER GROUP 1,875 % 14.01.26 | EUR | 3.300.000 | 3.256.381,68 | 0,67 |
| ADLER GROUP 2,75 % 13.11.26 | EUR | 2.400.000 | 2.476.078,36 | 0,51 |
| ALTICE FINANCING 2,25 % 15.01.25 | EUR | 5.500.000 | 5.394.578,75 | 1,11 |
| CIRSA FINANCE INTL SARL 6,25 % 20.12.23 | EUR | 500.000 | 515.761,39 | 0,11 |

3.12. DETAILLIERTE AUFSTELLUNG DER FINANZINSTRUMENTE in EUR (Fortsetzung)
| Bezeichnung der Werte | Währung | Stückzahl, Anzahl od. nominal | Aktueller Wert | % Nettover mögen |
| --- | --- | --- | --- | --- |
| CONTOURGLOBAL POWER HLDG | EUR | 2.350.000 | 2.370.154,51 | 0,49 |
| CRYSTAL ALMOND SA RL 4,25% 15.10.24 | EUR | 5.000.000 | 5.196.487,50 | 1,08 |
| EDREAMS ODIGEO 5,5 % 01.09.23 | EUR | 2.700.000 | 2.639.593,50 | 0,55 |
| HANE FINA LUX 3,5 % 15.06.24 | EUR | 2.000.000 | 2.139.483,33 | 0,44 |
| HT TROPLAST 9,25 % 15.07.25 | EUR | 6.000.000 | 6.656.835,00 | 1,38 |
| KLEOPATRA FINCO SARL 4,25 % 01.03.26 | EUR | 2.500.000 | 2.504.812,50 | 0,52 |
| KLEOPATRA HOLDINGS 2 SCA 6,5 % 01.09.26 | EUR | 2.650.000 | 2.567.929,50 | 0,53 |
| LHMC FINCO SARL 4,75% 22.05.25 | EUR | 4.100.000 | 4.015.401,06 | 0,83 |
| MATTERHORN TELECOM 3,125 % 15.09.26 | EUR | 5.000.000 | 4.984.714,58 | 1,03 |
| PLT VII FINANCE SA RL 4,625 % 05.01.26 | EUR | 5.500.000 | 5.773.769,38 | 1,20 |
| SAMSONITE FINCO SARL 3,5 % 15.05.26 | EUR | 1.200.000 | 1.179.082,00 | 0,24 |
| SUMMER BC HOLDCO B SARL 5,75 % 31.10.26 | EUR | 5.000.000 | 5.385.683,33 | 1,12 |
| ZF FINANCE 3,0 % 21.09.25 EMTN | EUR | 2.500.000 | 2.677.754,45 | 0,56 |
| SUMME LUXEMBURG |  |  | 59.734.500,82 | 12,37 |
| MEXIKO |  |  |  |  |
| CEMEX SAB DE CV 3,125 % 19.03.26 | EUR | 3.500.000 | 3.594.904,93 | 0,74 |
| PETROLEOS MEXICANOS 6,875 % 04.08.26 | USD | 6.000.000 | 5.511.649,51 | 1,15 |
| SUMME MEXIKO |  |  | 9.106.554,44 | 1,89 |
| NORWEGEN |  |  |  |  |
| ADEVINTA A 2,625 % 15.11.25 | EUR | 3.200.000 | 3.322.913,33 | 0,69 |
| SUMME NORWEGEN |  |  | 3.322.913,33 | 0,69 |
| PANAMA |  |  |  |  |
| CARN CORP 1,875 % 07.11.22 | EUR | 3.300.000 | 3.275.961,08 | 0,68 |
| CARNIVAL CORP | EUR | 2.100.000 | 2.285.032,15 | 0,47 |
| CARNIVAL CORPORATION 10,125 % 01.02.26 | EUR | 2.800.000 | 3.293.867,50 | 0,69 |
| CARNIVAL CORPORATION 11,5% 01.04.23 | USD | 1.400.000 | 1.359.853,75 | 0,28 |
| SUMME PANAMA |  |  | 10.214.714,48 | 2,12 |
| NIEDERLANDE |  |  |  |  |
| CONSTELLIUM SE 4,25% 15.02.26 | EUR | 5.000.000 | 5.118.154,17 | 1,06 |
| DUFRY ONE B.V 2,5 % 31.12.24 | EUR | 10.000.000 | 9.922.650,00 | 2,06 |
| IPD 3 BV 5,5 % 01.12.25 | EUR | 1.600.000 | 1.682.368,16 | 0,35 |
| MAXEDA DIY HOLDING BV 5,875% 01.10.26 | EUR | 4.000.000 | 4.139.379,18 | 0,86 |
| OI EUROPEAN GROUP BV 2,875 % 28.02.25 | EUR | 2.500.000 | 2.535.007,29 | 0,52 |
| PPF ARENA 1 BV 3,125 % 27.03.26 | EUR | 4.200.000 | 4.451.647,89 | 0,92 |
| PPF ARENA 2,125 % 31.01.25 EMTN | EUR | 500.000 | 510.277,12 | 0,10 |
| QPARK HOLDING I BV 1,5 % 01.03.25 | EUR | 5.000.000 | 4.809.991,67 | 0,99 |
| SELECTA GROUP BV 10,0 % 01.07.26 PIK | EUR | 1.511.900 | 1.397.722,99 | 0,29 |
| SELECTA GROUP BV 8,0 % 01.04.26 PIK | EUR | 4.825.335 | 4.957.495,56 | 1,03 |
| SIGMA HOLDCO BV 5,75 % 15.05.26 | EUR | 4.000.000 | 3.932.683,33 | 0,81 |
| SUMMER BIDCO BV 9,0 % 16.11.25 | EUR | 450.000 | 487.824,60 | 0,10 |
| SUMMER BIDCO BV 9,75% 15.11.25 | EUR | 2.000.000 | 2.227.707,56 | 0,46 |
| TEVA PHARMACEUTICAL FINANCE II BV 4,25% 01.03.25 | EUR | 1.000.000 | 1.054.555,00 | 0,22 |
| TEVA PHARMACEUTICAL FINANCE II BV 6,0% 31.01.25 | EUR | 9.500.000 | 10.561.783,33 | 2,19 |
| TRIVIUM PACKAGING FINANCE BV 3,75 % 15.08.26 | EUR | 2.250.000 | 2.316.493,13 | 0,48 |
| UNITED GROUP BV 3,125% 15.02.26 | EUR | 3.500.000 | 3.399.609,79 | 0,71 |
| ZF EUROPE FINANCE BV 2,0 % 23.02.26 | EUR | 4.500.000 | 4.544.061,16 | 0,94 |
| SUMME NIEDERLANDE |  |  | 68.049.411,93 | 14,09 |

3.12. DETAILLIERTE AUFSTELLUNG DER FINANZINSTRUMENTE in EUR (Fortsetzung)
| Bezeichnung der Werte | Währung | Stückzahl, Anzahl od. nominal | Aktueller Wert | % Nettover mögen |
| --- | --- | --- | --- | --- |
| TSCHECHISCHE REPUBLIK |  |  |  |  |
| ENERGOPRO AS 4,5 % 04.05.24 | EUR | 2.000.000 | 2.038.955,89 | 0,42 |
| SAZKA GROUP AS 4,125 % 20.11.24 | EUR | 1.800.000 | 1.854.906,00 | 0,39 |
| SUMME TSCHECHISCHE REPUBLIK |  |  | 3.893.861,89 | 0,81 |
| RUMÄNIEN |  |  |  |  |
| RCS RDS 2,5 % 05.02.25 | EUR | 4.600.000 | 4.592.806,11 | 0,95 |
| SUMME RUMÄNIEN |  |  | 4.592.806,11 | 0,95 |
| VEREINIGTES KÖNIGREICH |  |  |  |  |
| ALGECO SCOTSMAN GLOB FIN 6,5 % 15.02.23 | EUR | 1.000.000 | 1.021.457,90 | 0,21 |
| EG GLOBAL FINANCE 6,25 % 30.10.25 | EUR | 5.000.000 | 5.223.016,67 | 1,09 |
| ELLAKTOR VALUE PLC 6,375 % 15.12.24 | EUR | 9.850.000 | 9.290.680,06 | 1,92 |
| ENQUEST AUTRE V 15.04.22 EMTN | USD | 5.600.000 | 4.046.360,93 | 0,84 |
| INEOS FINANCE 2,125 % 15.11.25 | EUR | 2.200.000 | 2.190.590,42 | 0,46 |
| INEOS FINANCE 2,875% 01.05.26 | EUR | 3.000.000 | 3.065.155,42 | 0,63 |
| INEOS FINANCE 3,375% 31.03.26 | EUR | 3.000.000 | 3.123.474,16 | 0,64 |
| INEOS QUATTRO FINANCE 1 3,75 % 15.07.26 | EUR | 1.400.000 | 1.431.820,83 | 0,30 |
| INTL GAME TECHNOLOGY 3,5 % 15.06.26 | EUR | 9.300.000 | 9.580.224,50 | 1,98 |
| JAGUAR LAND ROVER 4,5 % 15.01.26 | EUR | 1.300.000 | 1.346.234,50 | 0,28 |
| JAGUAR LAND ROVER 5.875% 15.11.24 | EUR | 7.400.000 | 8.153.027,08 | 1,69 |
| JAGUAR LAND ROVER 6.875% 15.11.26 | EUR | 1.500.000 | 1.734.295,63 | 0,36 |
| PINNACLE BID 5,5 % 15.02.25 | EUR | 3.900.000 | 4.029.698,83 | 0,84 |
| ROLLS ROYCE 4,625% 16.02.26 | EUR | 10.000.000 | 10.838.936,11 | 2,24 |
| TITAN GLOBAL FINANCE 2,375 % 16.11.24 | EUR | 6.000.000 | 6.198.784,14 | 1,29 |
| VIRIDIAN GRP FINANCECO PLC 4,0 % 15.09.25 | EUR | 1.315.000 | 1.328.995,98 | 0,27 |
| SUMME VEREINIGTES KÖNIGREICH |  |  | 72.602.753,16 | 15,04 |
| SCHWEDEN |  |  |  |  |
| DOMETIC GROUP AB 3,0 % 08.05.26 | EUR | 3.200.000 | 3.427.807,56 | 0,71 |
| VERISURE HOLDING AB 3,875 % 15.07.26 | EUR | 5.300.000 | 5.506.905,38 | 1,14 |
| SUMME SCHWEDEN |  |  | 8.934.712,94 | 1,85 |
| SUMME Anleihen und ähnliche Wertpapiere, die auf einem geregelten oder ähnlichen Markt gehandelt werden |  |  | 466.914.241,22 | 96,71 |
| SUMME Anleihen und ähnliche Wertpapiere |  |  | 466.914.241,22 | 96,71 |
| Finanztermininstrumente |  |  |  |  |
| Bedingte Termingeschäfte |  |  |  |  |
| Bedingte Termingeschäfte an geregelten oder ähnlichen Märkten |  |  |  |  |
| EC EURUSD 0621 | USD | 164 | -395.058,71 | -0,09 |
| RP EURGBP 0621 | GBP | 2 | -2.025,00 |  |
| SUMME Bedingte Termingeschäfte an geregelten oder ähnlichen Märkten |  |  | -397.083,71 | -0,09 |
| SUMME Bedingte Termingeschäfte |  |  | -397.083,71 | -0,09 |
| SUMME Finanztermininstrumente |  |  | -397.083,71 | -0,09 |
| Nachschusspflicht |  |  |  |  |
| APPEL MARGE EDR FR | USD | 464.312,5 | 395.058,71 | 0,08 |
| APPEL MARGE EDR FR | GBP | 1.725 | 2.025,00 | 0,01 |
| SUMME Nachschusspflicht |  |  | 397.083,71 | 0,09 |
| Forderungen |  |  | 75.693.260,60 | 15,67 |
| Verbindlichkeiten |  |  | -70.501.555,54 | -14,60 |

3.12. DETAILLIERTE AUFSTELLUNG DER FINANZINSTRUMENTE in EUR (Fortsetzung)
| Bezeichnung der Werte | Währung | Stückzahl, Anzahl od. nominal | Aktueller Wert | % Nettover mögen |
| --- | --- | --- | --- | --- |
| Finanzkonten |  |  | 10.708.637,82 | 2,22 |
| Nettovermögen | 482.814.584,10 | 100,00 |

| Anteilsklasse B | EUR | 615.518,135 | 102,23 |
| --- | --- | --- | --- |
| J-Anteile | EUR | 334.126,948 | 103,24 |
| Anteilsklasse CRD | EUR | 272.036,208 | 102,93 |
| Anteilsklasse R | EUR | 3.490,607 | 105,22 |
| Anteilsklasse I | EUR | 720.049,973 | 103,78 |
| Anteilsklasse CR | EUR | 644.713,272 | 104,27 |
| Anteilsklasse A | EUR | 1.465.043,655 | 103,06 |
| Anteilsklasse J USD H | USD | 59.650,000 | 102,39 |
| Anteilsklasse CRD USD H | USD | 65.910,629 | 101,96 |
| Anteilsklasse CR USD H | USD | 60.269,138 | 103,38 |
| Anteilsklasse A USD H | USD | 28.830,000 | 101,11 |
| Anteilsklasse I USD H | USD | 310.484,000 | 103,70 |
| Anteilsklasse J CHF H | CHF | 52.370,000 | 100,54 |
| Anteilsklasse CRD CHF H | CHF | 3.440,000 | 100,28 |
| Anteilsklasse CR CHF H | CHF | 27.980,000 | 101,05 |
| Anteilsklasse I CHF H | CHF | 112.895,000 | 101,42 |