# Statement of Net Assets as at 30/09/2019
| Description | ISIN |
| --- | --- |


#### Shares /	Holdings  Currency	Price	Market Value	%

#### % in 1.000	30/09/2019	in EUR	of the Fund- assets *)
| 1,000,000.00 | 1.19 |
| --- | --- |


## Recently issued transferable securities	EUR
| 1,000,000.00 | 1.19 |
| --- | --- |

Interest-bearing securities	

#### EUR
| 5,2500 % Monitchem Holdco 3 S.A. EO-Notes 2019(19/25) Reg.S 1) | XS2057884921 |
| --- | --- |

| % | 1,000 | EUR | 100.000 | 1,000,000.00 | 1.19 |
| --- | --- | --- | --- | --- | --- |

| 68,482,871.50 | 81.76 |
| --- | --- |

Total securities	

#### EUR
| 14,554,117.19 | 17.38 |
| --- | --- |


## Bank balances, non-securitised money market instruments and money market funds	EUR
| Bank balances |
| --- |
| Balances with State Street Bank International GmbH, Luxembourg Branch |
| Balances in the Fund currency |

| 14,554,117.19 | 17.38 |
| --- | --- |


#### EUR
| 14,554,090.18 | EUR |
| --- | --- |

| 14,554,090.18 | 17.38 |
| --- | --- |


#### Balances in other EU/EEA currencies
| 23.89 | GBP |
| --- | --- |

| 27.01 | 0.00 |
| --- | --- |

| 951,634.76 | 1.14 |
| --- | --- |


## Other Assets	EUR
| 951,634.76 | EUR |
| --- | --- |

| 951,634.76 | 1.14 |
| --- | --- |


#### Interest receivables
| Loan liabilities |
| --- |
| Loans with State Street Bank International GmbH, Luxembourg Branch |
| Loans in non-EU/EEA currencies |

| -44.39 | 0.00 |
| --- | --- |


#### EUR
| -48.25 | CHF |
| --- | --- |

| -44.39 | 0.00 |
| --- | --- |


#### 1) this bond was purchased with trade date 26 September 2019 and value date 7 October 2019 in the amount shown as market value in EUR

Translation (ENDE, 2019-09-30):
# Aufstellung des Nettovermögens zum 30.09.2019
| Beschreibung | ISIN |
| --- | --- |

Anteile/	Bestand  Währung	Preis	Marktwert	%
% in 1,000	30/09/2019	in EUR	des Fonds- vermögens *)
| 68.482.871,50 | 81,76 |
| --- | --- |

Portfoliobestand	
EUR
| 9.792.518,50 | 11,69 |
| --- | --- |


## Börsengehandelte Wertpapiere	EUR
| 9.792.518,50 | 11,69 |
| --- | --- |

Verzinsliche Wertpapiere	
EUR
| 2,8750 % Elis S.A. EO-Med.-Term Nts 2018(18/26) | FR0013318102 |
| --- | --- |
| 5,0000 % Kongsberg Actuation Sys. B.V. EO-Notes 2018(18/25) | XS1843461689 |
| 3,7500 % Kronos International Inc. EO-Notes 2017(20/25) Reg.S | XS1680281133 |
| 3,0000 % Progroup AG Notes v.18(18/26)Reg.S | DE000A2G8WA3 |

| % | 2.300 | EUR | 109,882 | 2.527.286,00 | 3,02 |
| --- | --- | --- | --- | --- | --- |
| % | 2.750 | EUR | 100,022 | 2.750.605,00 | 3,28 |
| % | 2.750 | EUR | 99,970 | 2.749.175,00 | 3,28 |
| % | 1.750 | EUR | 100,883 | 1.765.452,50 | 2,11 |

| 57.690.353,00 | 68,87 |
| --- | --- |


## An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere	EUR
| 57.690.353,00 | 68,87 |
| --- | --- |

Verzinsliche Wertpapiere	
EUR
| 4,0000 % 3AB Optique Developpment SAS EO-Notes 2017(17/23) Reg.S | XS1577949149 |
| --- | --- |
| 4,1250 % Adler Pelzer Holding GmbH Notes v.17(20/24) Reg.S | XS1533914591 |
| 2,8750 % Arena Luxembourg Fin. SARL EO-Notes 2017(17/24) Reg.S | XS1577948174 |
| 3,3750 % Belden Inc. EO-Notes 2017(22/27) Reg.S | XS1640668940 |
| 4,2500 % Constellium SE EO-Notes 2017(17/26) Reg.S | XS1713568811 |
| 3,5000 % eircom Finance DAC EO-Notes 2019(19/26) Reg.S | XS1991034825 |
| 4,1250 % Europcar Mobility Group S.A. EO-Notes 2017(17/24) Reg.S | XS1706202592 |
| 5,1250 % Garrett LX I S.à.r.l. EO-Notes 2018(18/26) Reg.S | XS1884811594 |
| 3,6250 % Getlink SE EO-Notes 2018(18/23) | XS1886399093 |
| 3,2500 % Grupo Antolin Irausa S.A. EO-Notes 2017(20/24) Reg.S | XS1598243142 |
| 2,8750 % INEOS Finance PLC EO-Notes 2019(19/26) Reg.S | XS1843437549 |
| 6,7500 % KME AG Senior Notes v.18(18/23) Reg.S | XS1756722069 |
| 5,2500 % Kraton Polymers LLC EO-Notes 2018(18/26) Reg.S | XS1713463633 |
| 4,5000 % Loxam S.A.S. EO-Notes 2019(19/27) Reg.S | XS1975716595 |
| 5,0000 % LSF10 Wolverine Investm. SCA EO-Notes 2018(18/24) Reg.S | XS1791484394 |
| 3,6250 % Netflix Inc. EO-Notes 2017(27) Reg.S | XS1821883102 |
| 3,2500 % Nomad Foods BondCo PLC EO-Notes 2017(17/24) Reg.S | XS1600824962 |
| 1,8000 % Samvard.Moth.Automot.Sys.Gr.BV EO-Notes 2017(17/24) Reg.S | XS1635870923 |
| 5,2500 % Swissport Financing S.à.r.l. EO-Notes 2019(19/24) Reg.S | XS2036838634 |
| 3,5000 % Telenet Fin.Luxemb.Notes Sarl EO-Notes 2017(17/28) Reg.S | BE6300371273 |
| 4,0000 % UPCB Finance IV Ltd. EO-Notes 2015(15/27) Reg.S | XS1117297603 |
| 4,5000 % Virgin Media Finance PLC EO-Notes 2015(15/25) Reg.S | XS1169920193 |
| 3,6250 % WMG Acquisition Corp. EO-Notes 2018(21/26) Reg.S | XS1891203546 |

| % | 2.250 | EUR | 103,375 | 2.325.937,50 | 2,78 |
| --- | --- | --- | --- | --- | --- |
| % | 2.750 | EUR | 93,681 | 2.576.227,50 | 3,08 |
| % | 1.750 | EUR | 104,324 | 1.825.670,00 | 2,18 |
| % | 2.750 | EUR | 105,367 | 2.897.592,50 | 3,46 |
| % | 3.000 | EUR | 103,703 | 3.111.090,00 | 3,71 |
| % | 3.750 | EUR | 106,909 | 4.009.087,50 | 4,79 |
| % | 3.000 | EUR | 103,011 | 3.090.330,00 | 3,69 |
| % | 2.750 | EUR | 96,945 | 2.665.987,50 | 3,18 |
| % | 1.750 | EUR | 104,558 | 1.829.765,00 | 2,18 |
| % | 2.750 | EUR | 90,850 | 2.498.375,00 | 2,98 |
| % | 2.750 | EUR | 99,008 | 2.722.720,00 | 3,25 |
| % | 2.750 | EUR | 84,571 | 2.325.702,50 | 2,78 |
| % | 2.750 | EUR | 105,486 | 2.900.865,00 | 3,46 |
| % | 2.750 | EUR | 96,377 | 2.650.367,50 | 3,16 |
| % | 3.000 | EUR | 102,927 | 3.087.810,00 | 3,69 |
| % | 3.750 | EUR | 106,352 | 3.988.181,25 | 4,76 |
| % | 1.750 | EUR | 103,217 | 1.806.297,50 | 2,16 |
| % | 250 | EUR | 93,271 | 233.177,50 | 0,28 |
| % | 2.750 | EUR | 103,872 | 2.856.480,00 | 3,41 |
| % | 2.200 | EUR | 108,059 | 2.377.298,00 | 2,84 |
| % | 1.250 | EUR | 105,779 | 1.190.013,75 | 1,42 |
| % | 2.250 | EUR | 103,308 | 2.324.430,00 | 2,78 |
| % | 2.250 | EUR | 106,531 | 2.396.947,50 | 2,86 |