| Security name | Currency | Qty No. or nominal | Actual value | % of net assets |
| --- | --- | --- | --- | --- |
| MOZART DEBT MERGER SUB 3.875% 01-04-29 | USD | 4,000,000 | 3,534,904.93 | 0.43 |
| NETFLIX 3.625% 15-06-30 | EUR | 4,500,000 | 5,380,664.37 | 0.66 |
| NETFLIX INC 4.625% 15-05-29 | EUR | 8,000,000 | 10,040,801.11 | 1.23 |
| NETFLIX INC 5.875% 15-11-28 | USD | 2,000,000 | 2,138,289.71 | 0.27 |
| ORACLE 3.95% 25/03/51 | USD | 5,000,000 | 4,629,341.80 | 0.57 |
| SILGAN HOLDINGS INC 3.25% 15-03-25 | EUR | 5,000,000 | 5,068,861.39 | 0.62 |
| SIRIUS SATELLITE RADIO 5.0% 01-08-27 | USD | 2,621,000 | 2,444,430.52 | 0.30 |
| WEA FINNANCE LLC 2.875% 15-01-27 | USD | 5,305,000 | 4,874,617.31 | 0.60 |
| YUM BRANDS 4.75% 15-01-30 | USD | 5,000,000 | 4,857,538.74 | 0.59 |
| TOTAL USA |  |  | 108,201,540.59 | 13.26 |
| FINLAND |  |  |  |  |
| NORDEA BKP 1.625% 09-12-32 | GBP | 3,750,000 | 4,303,369.38 | 0.53 |
| TOTAL FINLAND |  |  | 4,303,369.38 | 0.53 |
| FRANCE |  |  |  |  |
| ACCOR SA 3% 04-02-26 | EUR | 5,000,000 | 5,345,800.27 | 0.66 |
| ALTICE FRANCE 5.5% 15-10-29 | USD | 2,000,000 | 1,755,969.83 | 0.21 |
| CA 0.125% 09-12-27 EMTN | EUR | 2,300,000 | 2,250,191.29 | 0.27 |
| EDF 2.875% PERP | EUR | 3,000,000 | 3,144,708.90 | 0.38 |
| EDF 4.0% PERP | EUR | 9,000,000 | 9,609,679.73 | 1.18 |
| EDF SA TF/TV 29/12/2049 | EUR | 1,400,000 | 1,606,595.89 | 0.20 |
| ELIS EX HOLDELIS 1.0% 03-04-25 | EUR | 4,000,000 | 4,002,246.58 | 0.49 |
| ENGIE 1.5% PERP | EUR | 6,700,000 | 6,698,213.49 | 0.82 |
| RENAULT 2.5% 02-06-27 EMTN | EUR | 5,000,000 | 5,023,401.37 | 0.62 |
| SOCIETE GENERALE | EUR | 5,000,000 | 5,004,541.44 | 0.61 |
| SPCM 2.0% 01/02/26 | EUR | 1,999,000 | 2,007,165.72 | 0.24 |
| TOTALENERGIES SE 2.0% PERP | EUR | 12,000,000 | 11,921,819.18 | 1.46 |
| UNIBAIL RODAMCO SE 2.125% PERP | EUR | 1,800,000 | 1,792,014.41 | 0.22 |
| UNIBAIL RODAMCO ZCP 01/01/22 | EUR | 48,394 | 16,779,409.65 | 2.06 |
| WORLDLINE ZCP 30-07-25 CV | EUR | 67,000 | 7,808,582.00 | 0.96 |
| TOTAL FRANCE |  |  | 84,750,339.75 | 10.38 |
| IRELAND |  |  |  |  |
| ARDAGH PACKAGING FIN PLC ARDAGH HLDGS 2.125% 15- 08- 26 | EUR | 2,000,000 | 1,964,464.72 | 0.24 |
| EIRCOM FINANCE 3.5% 15-05-26 | EUR | 1,500,000 | 1,529,645.83 | 0.19 |
| TOTAL IRELAND |  |  | 3,494,110.55 | 0.43 |
| ITALY |  |  |  |  |
| AEROPORTI DI ROMA 1.625% 02-02-29 | EUR | 1,667,000 | 1,747,510.49 | 0.22 |
| AUTOSTRADE PER L ITALILIA 2.0% 04-12-28 | EUR | 10,000,000 | 10,359,706.30 | 1.27 |
| INTESA SANPAOLO 6.25% PERP | EUR | 1,500,000 | 1,648,192.42 | 0.20 |
| SNAM 0.0% 07-12-28 EMTN | EUR | 6,000,000 | 5,778,780.00 | 0.71 |
| TELECOM ITALIA SPA EX OLIVETTI 1.125% 26-03-22 | EUR | 20,200,000 | 20,289,945.24 | 2.48 |
| TELECOM ITALIA SPA EX OLIVETTI 4.0% 11-04-24 | EUR | 5,000,000 | 5,384,349.32 | 0.66 |
| UNICREDIT 4.625% 12-04-27 | USD | 9,000,000 | 8,749,474.59 | 1.07 |
| UNICREDIT SPA 6.625% PERP | EUR | 2,000,000 | 2,133,838.35 | 0.26 |
| TOTAL ITALY |  |  | 56,091,796.71 | 6.87 |
| JAPAN |  |  |  |  |
| SOFTBANK GROUP 2.875% 06-01-27 | EUR | 3,000,000 | 2,885,156.25 | 0.36 |
| SOFTBANK GROUP 3.375% 06-07-29 | EUR | 4,000,000 | 3,786,766.30 | 0.46 |
| SOFTBANK GROUP 3.875% 06-07-32 | EUR | 4,167,000 | 3,955,168.06 | 0.48 |

Translation (ENDE, 2021-12-31):
| Bezeichnung der Wertpapiere | Währung | Stückzahl/ Nennwert | Zeitwert | % Nettovermögen |
| --- | --- | --- | --- | --- |
| MOZART DEBT MERGER SUB 3.875% 01-04-29 | USD | 4 000 000 | 3 534 904,93 | 0,43 |
| NETFLIX 3.625% 15-06-30 | EUR | 4 500 000 | 5 380 664,37 | 0,66 |
| NETFLIX INC 4.625% 15-05-29 | EUR | 8 000 000 | 10 040 801,11 | 1,23 |
| NETFLIX INC 5.875% 15-11-28 | USD | 2 000 000 | 2 138 289,71 | 0,27 |
| ORACLE 3.95% 25-03-51 | USD | 5 000 000 | 4 629 341,80 | 0,57 |
| SILGAN HOLDINGS INC 3.25% 15-03-25 | EUR | 5 000 000 | 5 068 861,39 | 0,62 |
| SIRIUS SATELLITE RADIO 5.0% 01-08-27 | USD | 2 621 000 | 2 444 430,52 | 0,30 |
| WEA FINNANCE LLC 2.875% 15-01-27 | USD | 5 305 000 | 4 874 617,31 | 0,60 |
| YUM BRANDS 4.75% 15-01-30 | USD | 5 000 000 | 4 857 538,74 | 0,59 |
| USA INSGESAMT |  |  | 108 201 540,59 | 13,26 |
| FINNLAND |  |  |  |  |
| NORDEA BKP 1.625% 09-12-32 | GBP | 3 750 000 | 4 303 369,38 | 0,53 |
| FINNLAND INSGESAMT |  |  | 4 303 369,38 | 0,53 |
| FRANKREICH |  |  |  |  |
| ACCOR SA 3% 04-02-26 | EUR | 5 000 000 | 5 345 800,27 | 0,66 |
| ALTICE FRANCE 5.5% 15-10-29 | USD | 2 000 000 | 1 755 969,83 | 0,21 |
| CA 0.125% 09-12-27 EMTN | EUR | 2 300 000 | 2 250 191,29 | 0,27 |
| EDF 2.875% PERP | EUR | 3 000 000 | 3 144 708,90 | 0,38 |
| EDF 4,0% PERP | EUR | 9 000 000 | 9 609 679,73 | 1,18 |
| EDF SA TF/TV 29/12/2049 | EUR | 1 400 000 | 1 606 595,89 | 0,20 |
| ELIS EX HOLDELIS 1.0% 03-04-25 | EUR | 4 000 000 | 4 002 246,58 | 0,49 |
| ENGIE 1.5% PERP | EUR | 6 700 000 | 6 698 213,49 | 0,82 |
| RENAULT 2.5% 02-06-27 EMTN | EUR | 5 000 000 | 5 023 401,37 | 0,62 |
| SOCIETE GENERALE | EUR | 5 000 000 | 5 004 541,44 | 0,61 |
| SPCM 2.0% 01-02-26 | EUR | 1 999 000 | 2 007 165,72 | 0,24 |
| TOTALENERGIES SE 2.0% PERP | EUR | 12 000 000 | 11 921 819,18 | 1,46 |
| UNIBAIL RODAMCO SE 2.125% PERP | EUR | 1 800 000 | 1 792 014,41 | 0,22 |
| UNIBAIL RODAMCO ZCP 01/01/22 | EUR | 48 394 | 16 779 409,65 | 2,06 |
| WORLDLINE ZCP 30-07-25 CV | EUR | 67 000 | 7 808 582,00 | 0,96 |
| FRANKREICH INSGESAMT |  |  | 84 750 339,75 | 10,38 |
| IRLAND |  |  |  |  |
| ARDAGH PACKAGING FIN PLC ARDAGH HLDGS 2.125% 15-08- 26 | EUR | 2 000 000 | 1 964 464,72 | 0,24 |
| EIRCOM FINANCE 3.5% 15-05-26 | EUR | 1 500 000 | 1 529 645,83 | 0,19 |
| IRLAND INSGESAMT |  |  | 3 494 110,55 | 0,43 |
| ITALIEN |  |  |  |  |
| AEROPORTI DI ROMA 1.625% 02-02-29 | EUR | 1 667 000 | 1 747 510,49 | 0,22 |
| AUTOSTRADE PER L ITALILIA 2.0% 04-12-28 | EUR | 10 000 000 | 10 359 706,30 | 1,27 |
| INTESA SANPAOLO 6.25% PERP | EUR | 1 500 000 | 1 648 192,42 | 0,20 |
| SNAM 0.0% 07-12-28 EMTN | EUR | 6 000 000 | 5 778 780,00 | 0,71 |
| TELECOM ITALIA SPA EX OLIVETTI 1.125% 26-03-22 | EUR | 20 200 000 | 20 289 945,24 | 2,48 |
| TELECOM ITALIA SPA EX OLIVETTI 4.0% 11-04-24 | EUR | 5 000 000 | 5 384 349,32 | 0,66 |
| UNICREDIT 4.625% 12-04-27 | USD | 9 000 000 | 8 749 474,59 | 1,07 |
| UNICREDIT SPA 6.625% PERP | EUR | 2 000 000 | 2 133 838,35 | 0,26 |
| ITALIEN INSGESAMT |  |  | 56 091 796,71 | 6,87 |
| JAPAN |  |  |  |  |
| SOFTBANK GROUP 2.875% 06-01-27 | EUR | 3 000 000 | 2 885 156,25 | 0,36 |
| SOFTBANK GROUP 3.375% 06-07-29 | EUR | 4 000 000 | 3 786 766,30 | 0,46 |
| SOFTBANK GROUP 3.875% 06-07-32 | EUR | 4 167 000 | 3 955 168,06 | 0,48 |