# Statement of assets as at 31 December 2021
| ISIN | Securities | Additions during the reporting period | Disposals during the reporting period | Portfolio | Rate | Market value USD | % share of NSFA 1) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Unlisted securities |  |  |  |  |  |  |  |
| USD |  |  |  |  |  |  |  |
| XS1297883214	8.000 % | Atlas Mara Ltd./Atlas Mara Ltd. | 0 | 0 | 1,000,000 | 37.6000 | 376,000.00 | 0.26 |
|  | Reg.S. CV v.15(2020) |  |  |  |  |  |  |


## 376,000.00	0.26

## Unlisted securities	376,000.00	0.26

## Convertible bonds	2,252,442.80	1.58

## Loan Participation Notes Listed securities

## USD

## XS2080321198	6.500 % Dilijan Finance B.V./Ardshinbank

## CJSC Reg.S. LPN v.20(2025)

## 900,000	4,800,000	1,500,000	97.6260	1,464,390.00	1.03

### 1,464,390.00	1.03

### Listed securities	1,464,390.00	1.03
| Unlisted securities USD |  |
| --- | --- |
| XS0543744535	0.000 % | UK SPV Credit Finance Plc./ Commercial Bank ‘PrivatBank’ CJSC EMTN step-up LPN v.10(2018) | 0 | 0 | 160,000 | 4.7120 | 7,539.20 | 0.01 |
|  | 7,539.20 | 0.01 |
| Unlisted securities | 7,539.20 | 0.01 |
| Loan Participation Notes | 1,471,929.20 | 1.04 |
| Securities portfolio | 138,161,937.24 | 97.16 |
| Bank deposits - Current account 2) | 20,053.65 | 0.01 |
| Balance from other receivables and liabilities | 4,068,710.15 | 2.83 |
| Net subfund assets in USD | 142,250,701.04 | 100.00 |


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

## 2)  See notes to the report.

Translation (ENDE, 2021-12-31):
# Vermögensaufstellung zum 31. Dezember 2021
| ISIN | Wertpapiere | Zugänge im Berichtszeitraum | Abgänge im Berichtszeitraum | Bestand | Kurs | Kurswert USD | %-Anteil vom NTFV 1) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Nicht notierte Wertpapiere |  |  |  |  |  |  |
| USD |  |  |  |  |  |  |
| XS1297883214	8,000 % Atlas Mara Ltd./Atlas Mara Ltd. | 0 | 0 | 1.000.000 | 37,6000 | 376.000,00 | 0,26 |
| Reg.S. CV v.15(2020) |  |  |  |  |  |  |
|  |  |  |  |  | 376.000,00 | 0,26 |
| Nicht notierte Wertpapiere |  |  |  |  | 376.000,00 | 0,26 |
| Wandelanleihen |  |  |  |  | 2.252.442,80 | 1,58 |
| Loan Participation Notes |  |  |  |  |  |  |
| Börsengehandelte Wertpapiere |  |  |  |  |  |  |
| USD |  |  |  |  |  |  |
| XS2080321198	6,500 % Dilijan Finance B.V./Ardshinbank | 900.000 | 4.800.000 | 1.500.000 | 97,6260 | 1.464.390,00 | 1,03 |
| CJSC Reg.S. LPN v.20(2025) |  |  |  |  |  |  |
|  |  |  |  |  | 1.464.390,00 | 1,03 |
| Börsengehandelte Wertpapiere |  |  |  |  | 1.464.390,00 | 1,03 |
| Nicht notierte Wertpapiere |  |  |  |  |  |  |
| USD |  |  |  |  |  |  |
| XS0543744535	0,000 % UK SPV Credit Finance Plc./ | 0 | 0 | 160.000 | 4,7120 | 7.539,20 | 0,01 |
| Commercial Bank ‘PrivatBank’ |  |  |  |  |  |  |
| CJSC EMTN Stufenzins-LPN |  |  |  |  |  |  |
| v.10(2018) |  |  |  |  |  |  |
|  |  |  |  |  | 7.539,20 | 0,01 |
| Nicht notierte Wertpapiere |  |  |  |  | 7.539,20 | 0,01 |
| Loan Participation Notes |  |  |  |  | 1.471.929,20 | 1,04 |
| Wertpapiervermögen |  |  |  |  | 138.161.937,24 | 97,16 |
| Bankguthaben - Kontokorrent 2) |  |  |  |  | 20.053,65 | 0,01 |
| Saldo aus sonstigen Forderungen und Verbindlichkeiten |  |  |  |  | 4.068.710,15 | 2,83 |
| Netto-Teilfondsvermögen in USD |  |  |  |  | 142.250.701,04 | 100,00 |


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

## 2)  Siehe Erläuterungen zum Bericht.