# Statement of assets as at 31 December 2021
| ISIN | Securities | Additions during | Disposals during | Portfolio | Rate | Market value | % |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  | the reporting period | the reporting period |  |  | USD | share of NSFA 1) |

| NO0010893076 | 8.500 % Brooge Petroleum and Gas | 1,600,000 | 2,828,000 | 772,000 | 103.0000 | 795,160.00 | 0.56 |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  | Investment Co. Reg.S. v.20(2025) |  |  |  |  |  |  |
| USP3465UAA62 | 10.750 % Ceagro Agricola Ltda. Reg.S. | 0 | 0 | 1,000,000 | 0.9400 | 9,400.00 | 0.01 |
|  | v.10(2021) |  |  |  |  |  |  |
| NO0011002495 | 12.000 % HKN Energy III Ltd. Reg.S. | 1,200,000 | 0 | 1,200,000 | 103.8710 | 1,246,452.00 | 0.88 |
|  | v.21(2025) |  |  |  |  |  |  |
| XS1912614291 | 9.750 % | Noble Trading Co. Ltd. Reg.S. | 1 | 0 | 512,457 | 66.4610 | 340,584.05 | 0.24 |
| NO0010871833 | 7.500 % | NT Rig Holdco Pte. Ltd. v.19(2022) | 0 | 0 | 6,303 | 13.0000 | 819.39 | 0.00 |
| NO0010838550 | 0.000 % | Oro Negro Drilling Pte Ltd. |  | 0 | 224 | 0.1000 | 0.22 | 0.00 |
|  |  | v.17(2199) |  |  |  |  |  |  |
| NO0010838584 | 0.000 % | Oro Negro Drilling Pte Ltd. |  | 0 | 224 | 0.1000 | 0.22 | 0.00 |
|  |  | v.18(2199) |  |  |  |  |  |  |
| NO0010838634 | 0.000 % | Oro Negro Drilling Pte Ltd. |  | 0 | 224 | 0.1000 | 0.22 | 0.00 |
|  |  | v.18(2199) |  |  |  |  |  |  |
| NO0010838592 | 0.000 % | Oro Negro Drilling Pte Ltd. |  | 0 | 224 | 0.1000 | 0.22 | 0.00 |
|  |  | v.18(2199) |  |  |  |  |  |  |
| NO0010843022 | 0.000 % | Oro Negro Drilling Pte Ltd. |  | 0 | 224 | 0.1000 | 0.22 | 0.00 |
|  |  | v.18(2199) |  |  |  |  |  |  |
| NO0010921588 | 12.000 % | PetroTal Corporation Reg.S. | 2,700,000 | 1,700,000 | 1,000,000 | 104.3750 | 1,043,750.00 | 0.73 |


### Unlisted securities USD

## v.18(2023) 2)

## v.21(2024)

## USL9116PAG83  6.500 % Tonon Luxembourg S.A. Reg.S.

## v.17(2024)

## 2	0	1,149,516	0.0100	114.95	0.00
|  | 3,436,281.49 | 2.42 |
| --- | --- | --- |
| Unlisted securities |  |  |  |  |  | 3,436,281.49 | 2.42 |
| Bonds |  |  |  |  |  | 134,437,565.24 | 94.54 |
| Convertible bonds |  |  |  |  |  |  |  |
| Listed securities |  |  |  |  |  |  |  |
| USD |  |  |  |  |  |  |  |
| XS1233710380	6.584 % Bank Dhofar SAOG EMTN Reg.S.	1,000,000 FRN Perp. | 300,000 | 1,700,000 | 93.4100 | 1,587,970.00 | 1.12 |
| XS1843433126	10.775 % TBC Bank JSC Reg.S. Fix-to-Float	0 Perp. | 2,250,000 | 264,000 | 109.2700 | 288,472.80 | 0.20 |
|  |  |  |  | 1,876,442.80 | 1.32 |
| Listed securities |  |  |  | 1,876,442.80 | 1.32 |


## 1)  NSFA = Net Subfund Assets Due to rounding differences in the individual items, the totals may deviate from the actual value.

## 2)  The securities marked have been lent in whole or in part.

Translation (ENDE, 2021-12-31):
# Vermögensaufstellung zum 31. Dezember 2021
| ISIN | Wertpapiere | Zugänge | Abgänge | Bestand | Kurs | Kurswert | %-Anteil |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  | im Berichtszeitraum | im Berichtszeitraum |  |  | EUR | vom NTFV 1) |


## Aktien, Anrechte und Genussscheine Börsengehandelte Wertpapiere Belgien
| BE0974293251 | Anheuser-Busch InBev S.A./NV | EUR | 43.000 | 13.000 | 30.000 | 53,4800 | 1.604.400,00 | 2,29 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  | 1.604.400,00 | 2,29 |
| Deutschland DE000A3CNK42 | ABOUT YOU Holding SE | EUR | 89.575 | 0 | 89.575 | 20,4600 | 1.832.704,50 | 2,61 |
| DE0005093108 | AMADEUS FIRE AG | EUR | 0 | 1.000 | 11.598 | 182,0000 | 2.110.836,00 | 3,01 |
| DE000BAY0017 | Bayer AG | EUR | 5.000 | 0 | 19.300 | 47,0000 | 907.100,00 | 1,29 |
| DE0006062144 | Covestro AG | EUR | 4.000 | 7.000 | 33.000 | 54,2000 | 1.788.600,00 | 2,55 |
| DE0008019001 | Dte. Pfandbriefbank AG | EUR | 36.325 | 0 | 290.825 | 10,5700 | 3.074.020,25 | 4,38 |
| DE0005552004 | Dte. Post AG | EUR | 13.000 | 14.000 | 50.000 | 56,5400 | 2.827.000,00 | 4,03 |
| DE0005565204 | Dürr AG | EUR | 0 | 5.000 | 29.438 | 40,1200 | 1.181.052,56 | 1,68 |
| DE0005785802 | Fresenius Medical Care AG & Co. KGaA | EUR | 9.000 | 0 | 18.500 | 57,1400 | 1.057.090,00 | 1,51 |
| DE0005800601 | GFT Technologies SE | EUR | 0 | 4.973 | 42.000 | 46,1500 | 1.938.300,00 | 2,76 |
| DE000A1PHFF7 | HUGO BOSS AG | EUR | 29.000 | 0 | 29.000 | 53,5000 | 1.551.500,00 | 2,21 |
| DE0006464506 | Leifheit AG | EUR | 19.265 | 0 | 19.265 | 36,8000 | 708.952,00 | 1,01 |
| DE000PAH0038 | Porsche Automobil Holding SE -VZ- | EUR | 0 | 20.000 | 15.000 | 83,4400 | 1.251.600,00 | 1,78 |
| DE0007037129 | RWE AG | EUR | 0 | 12.000 | 70.000 | 35,7200 | 2.500.400,00 | 3,57 |
| DE0007231334 | Sixt SE -VZ- | EUR | 0 | 31.539 | 69.000 | 86,8000 | 5.989.200,00 | 8,54 |
| DE0007507501 | WashTec AG | EUR | 0 | 0 | 16.371 | 55,0000 | 900.405,00 | 1,28 |
| DE0008051004 | Wüstenrot & Württembergische AG | EUR | 0 | 0 | 31.520 | 17,6600 | 556.643,20 | 0,79 |
|  |  |  |  |  |  |  | 30.175.403,51 | 43,00 |
| Frankreich FR0000131104 | BNP Paribas S.A. | EUR | 15.000 | 0 | 45.200 | 60,6700 | 2.742.284,00 | 3,91 |
| FR0011726835 | Gaztransport Technigaz | EUR | 0 | 0 | 15.000 | 82,1500 | 1.232.250,00 | 1,76 |
| FR0010112524 | Nexity | EUR | 0 | 0 | 31.993 | 41,0200 | 1.312.352,86 | 1,87 |
| FR0013230612 | Tikehau Capital S.C.A. | EUR | 0 | 0 | 60.000 | 23,0000 | 1.380.000,00 | 1,97 |
| FR0000120271 | TotalEnergies SE | EUR | 0 | 21.062 | 30.000 | 44,9000 | 1.347.000,00 | 1,92 |
|  |  |  |  |  |  |  | 8.013.886,86 | 11,43 |
| Italien IT0004998065 | Anima Holding S.p.A. | EUR | 0 | 187.243 | 780.000 | 4,4900 | 3.502.200,00 | 4,99 |
| IT0000062072 | Assicurazioni Generali S.p.A. | EUR | 0 | 0 | 60.000 | 18,6300 | 1.117.800,00 | 1,59 |
| IT0005331019 | Carel Industries S.p.A. | EUR | 15.000 | 25.976 | 143.095 | 26,6000 | 3.806.327,00 | 5,43 |
| IT0003132476 | ENI S.p.A. | EUR | 0 | 0 | 68.000 | 12,2200 | 830.960,00 | 1,18 |
| IT0005337958 | Piovan S.p.A. | EUR | 0 | 0 | 195.000 | 10,4500 | 2.037.750,00 | 2,91 |
| IT0005438046 | SECO S.p.A. | EUR | 400.000 | 20.000 | 380.000 | 8,9500 | 3.401.000,00 | 4,85 |
|  |  |  |  |  |  |  | 14.696.037,00 | 20,95 |


## 1)  NTFV = Netto-Teilfondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.