# DWS Invest Euro Corporate Bonds
DWS INVEST EURO CORPORATE BONDS

### Performance of share classes vs. benchmark (in euro)
| Share class | ISIN | 6 months |
| --- | --- | --- |
| Class LC | LU0300357554 | -1.6% |
| Class FC | LU0300357802 | -1.5% |
| Class FC10 | LU1844096583 | -1.4% |
| Class IC | LU0982748476 | -1.3% |
| Class IC100 | LU1490674006 | -1.3% |
| Class ID100 | LU1633890295 | -1.3% |
| Class LD | LU0441433728 | -1.6% |
| Class NC | LU0300357638 | -1.8% |
| Class NDQ | LU1054330771 | -1.8% |
| Class PFC | LU1054330854 | -2.0% |
| Class PFDQ | LU1054330938 | -2.0% |
| Class TFC | LU1663872726 | -1.5% |
| Class TFD | LU1663874342 | -1.5% |
| Class CHF FCH 1 | LU0813333605 | -1.7% |
| Class GBP CH RD 2 | LU1322113371 | -1.3% |
| Class SEK LCH 3 | LU1322113611 | -1.5% |
| Class USD FCH 4 | LU0911036217 | -0.5% |
| iBoxx € Corporate |  | -1.2% |

1 
in CHF
2 
in GBP
3 
in SEK
4 
in USD
“BVI method” performance, i.e., excluding the initial sales charge.
Past performance is no guide to future results.	As of: June 30, 2020
The format used for complete dates
in security names in the investment
portfolio is “day/month/year”.
DWS Invest Euro Corporate Bonds
| Statement of net assets as of June 30, 2020 |  |
| --- | --- |
|  | Amount in EUR | % of net assets |
| I. Assets |  |  |
| 1. Bonds (issuers) Companies | 2 542 262 857.92 | 95.31 |
| Total bonds | 2 542 262 857.92 | 95.31 |
| 2. Investment fund units Bond funds | 69 527 573.31 | 2.60 |
| Total investment fund units | 69 527 573.31 | 2.60 |
| 3. Derivate | 696 809.67 | 0.02 |
| 4. Cash at bank | 69 905 455.75 | 2.62 |
| 5. Other assets | 21 758 124.24 | 0.82 |
| 6. Receivables from share certificate transactions | 9 557 024.86 | 0.36 |
| II. Liabilities |  |  |
| 1. Other liabilities | -44 291 928.58 | - 1.66 |
| 2. Liabilities from share certificate transactions | -1 890 850.37 | - 0.07 |
| III. Net assets | 2 667 525 066.80 | 100.00 |
| Negligible rounding errors may have arisen due to the rounding of calculated percentages. |  |  |

| Investment portfolio – June 30, 2020 |  |
| --- | --- |
|  | Count/ | Quantity/ | Purchases/ | Sales/ | Currency | Market price | Total market | % of |
| Security name | units/ currency | principal amount | additions in the | disposals reporting period |  |  | value in EUR | net assets |
| Securities traded on an exchange |  |  |  |  |  |  | 2 436 496 884.07 | 91.34 |
| Interest-bearing securities 4.25  % Aareal Bank AG 2014/2026 * ** ...............  | EUR | 4 237 000 |  |  | % | 93.676 | 3 969 073.31 | 0.15 |
| 7.625 % Aareal Bank AG 2014/2049 * .................  | EUR | 3 800 000 |  |  | % | 93.943 | 3 569 834.00 | 0.13 |
| 0.875 % Abbott Ireland Financing DAC (MTN) 2018/2023 ..  | EUR | 5 000 000 |  | 3 009 000 | % | 102.402 | 5 120 100.00 | 0.19 |
| 0.50  % AbbVie, Inc. -Reg- 2020/2021 .................  | EUR | 4 491 000 | 4 491 000 |  | % | 100.015 | 4 491 673.65 | 0.17 |
| 1.50  % Abertis Infraestructuras SA (MTN) 2019/2024 ....  | EUR | 4 300 000 |  |  | % | 99.633 | 4 284 219.00 | 0.16 |
| 0.625 % Abertis Infraestructuras SA (MTN) 2019/2025 ....  | EUR | 6 700 000 |  |  | % | 94.592 | 6 337 664.00 | 0.24 |
| 1.125 % Abertis Infraestructuras SA (MTN) 2019/2028 ....  | EUR | 9 800 000 |  |  | % | 91.438 | 8 960 924.00 | 0.34 |
| 7.125 % ABN AMRO Bank NV (MTN) 2012/2022 .........  | EUR | 3 766 000 |  |  | % | 112.819 | 4 248 763.54 | 0.16 |
| 0.25  % ABN AMRO Bank NV (MTN) 2018/2021 .........  | EUR | 4 000 000 |  |  | % | 100.37 | 4 014 800.00 | 0.15 |
| 0.875 % ABN AMRO Bank NV (MTN) 2019/2024 .........  | EUR | 5 140 000 |  |  | % | 103.018 | 5 295 099.50 | 0.20 |
| 0.60  % ABN AMRO Bank NV (MTN) 2020/2027 .........  | EUR | 3 400 000 | 8 400 000 | 5 000 000 | % | 98.796 | 3 359 047.00 | 0.13 |
| 1.25  % Accor SA (MTN) 2017/2024 ..................  | EUR | 8 000 000 | 8 000 000 |  | % | 96.084 | 7 686 680.00 | 0.29 |
| 1.75  % ACEA SpA (MTN) 2019/2028 .................  | EUR | 2 330 000 | 2 330 000 |  | % | 106.276 | 2 476 242.45 | 0.09 |
| 1.125 % Achmea Bank NV (MTN) 2015/2022 ............  | EUR | 3 766 000 |  |  | % | 101.186 | 3 810 664.76 | 0.14 |
| 2.125 % Aeroports de Paris (MTN) 2020/2026 ...........  | EUR | 7 400 000 | 7 400 000 |  | % | 107.62 | 7 963 880.00 | 0.30 |
| 2.75  % Aeroports de Paris (MTN) 2020/2030 ...........  | EUR | 5 700 000 | 5 700 000 |  | % | 113.874 | 6 490 818.00 | 0.24 |
| 1.50  % Aeroports de Paris 2020/2032.................  | EUR | 9 500 000 | 9 500 000 |  | % | 100.436 | 9 541 420.00 | 0.36 |
| 1.25  % AIB Group PLC (MTN) 2019/2024 ..............  | EUR | 5 000 000 |  |  | % | 100.088 | 5 004 425.00 | 0.19 |
| 6.25  % AIB Group PLC 2020/perpetual * ..............  | EUR | 3 970 000 | 3 970 000 |  | % | 99.57 | 3 952 948.85 | 0.15 |
| 2.00  % Airbus SE (MTN) 2020/2028 ** ...............  | EUR | 7 000 000 | 9 530 000 | 2 530 000 | % | 105.794 | 7 405 615.00 | 0.28 |
| 2.375 % Airbus SE (MTN) 2020/2032 ..................  | EUR | 7 000 000 | 7 000 000 |  | % | 110.022 | 7 701 540.00 | 0.29 |
| 2.375 % Airbus SE (MTN) 2020/2040 ..................  | EUR | 3 060 000 | 3 060 000 |  | % | 103.98 | 3 181 788.00 | 0.12 |
| 1.50  % Akelius Residential Property AB (MTN) 2016/2022 | EUR | 4 100 000 | 4 100 000 |  | % | 101.369 | 4 156 129.00 | 0.16 |
| 1.125 % Akelius Residential Property AB (MTN) 2017/2024 | EUR | 6 000 000 |  |  | % | 99.54 | 5 972 370.00 | 0.22 |
| 3.875 % Akelius Residential Property AB 2018/2078 * ....  | EUR | 3 766 000 |  |  | % | 100.696 | 3 792 211.36 | 0.14 |
| 1.625 % Albemarle New Holding GmbH (MTN) 2019/2028 . | EUR | 8 205 000 |  |  | % | 95.844 | 7 864 000.20 | 0.29 |
| 0.50  % Allianz Finance II BV (MTN) 2020/2031..........  | EUR | 9 300 000 | 9 300 000 |  | % | 101.099 | 9 402 207.00 | 0.35 |
| 0.25  % Alstom SA (MTN) 2019/2026 .................  | EUR | 5 000 000 |  |  | % | 95.795 | 4 789 750.00 | 0.18 |
| 1.00  % Altria Group, Inc. 2019/2023 ..................  | EUR | 8 000 000 |  |  | % | 100.986 | 8 078 840.00 | 0.30 |
| 3.125 % Altria Group, Inc. 2019/2031 ..................  | EUR | 3 500 000 |  |  | % | 109.382 | 3 828 387.50 | 0.14 |
| 1.125 % Amcor UK Finance PLC (MTN) 2020/2027 .......  | EUR | 8 110 000 | 8 110 000 |  | % | 101.09 | 8 198 399.00 | 0.31 |
| 1.50  % America Movil SAB de CV (MTN) 2016/2024 .....  | EUR | 4 707 000 |  |  | % | 102.624 | 4 830 535.22 | 0.18 |
| 0.55  % American Honda Finance Corp. (MTN) 2018/2023 . | EUR | 6 647 000 |  |  | % | 100.132 | 6 655 774.04 | 0.25 |
| 1.95  % American Honda Finance Corp. 2020/2024 ** ....  1.50 % American International Group, Inc. (MTN) 2016/2023 ................................  | EUR EUR | 5 310 000 3 766 000 | 5 310 000 |  | % % | 105.586 103.052 | 5 606 616.60 3 880 919.49 | 0.21 0.15 |
| 1.875 % American International Group, Inc. (MTN) |  |  |  |  |  |  |  |  |
| 2017/2027 ................................  | EUR | 8 000 000 | % | 105.394 | 8 431 560.00 | 0.32 |
| 0.75  % Amphenol Technologies Holding GmbH (MTN) 2020/2026 ................................  | EUR | 7 700 000 | 7 700 000 |  | % | 99.96 | 7 696 881.50 | 0.29 |
| 3.25  % Anglo American Capital PLC (MTN) 2014/2023 ...  | EUR | 2 834 000 |  |  | % | 105.644 | 2 993 936.79 | 0.11 |
| 3.25  % Anheuser-Busch InBev SA/NV (MTN) 2013/2033 ..  | EUR | 4 050 000 | 4 050 000 |  | % | 118.969 | 4 818 244.50 | 0.18 |
| 2.00  % Anheuser-Busch InBev SA/NV (MTN) 2018/2035 ..  | EUR | 5 000 000 |  |  | % | 103.227 | 5 161 350.00 | 0.19 |
| 3.70  % Anheuser-Busch InBev SA/NV 2020/2040 .......  | EUR | 9 250 000 | 9 250 000 |  | % | 122.108 | 11 294 990.00 | 0.42 |
| 0.50  % Apple, Inc. 2019/2031 .......................  1.125 % Argentum Netherlands BV for Givaudan SA (MTN) 2018/2025 ................................  | EUR EUR | 5 000 000 8 800 000 |  |  | % % | 102.364 104.334 | 5 118 175.00 9 181 392.00 | 0.19 0.34 |
| 1.00  % Aroundtown SA (MTN) 2017/2025 **...........  | EUR | 4 000 000 |  |  | % | 99.786 | 3 991 440.00 | 0.15 |
| 2.125 % Aroundtown SA 2018/perpetual * ** ...........  | EUR | 4 100 000 |  |  | % | 92.912 | 3 809 371.50 | 0.14 |
| 0.321 % Asahi Group Holdings Ltd 2017/2021 ...........  | EUR | 5 903 000 |  |  | % | 99.6 | 5 879 358.49 | 0.22 |
| 5.125 % ASR Nederland NV 2015/2045 * ** ............  | EUR | 4 321 000 |  |  | % | 113.634 | 4 910 146.75 | 0.18 |
| 5.00  % Assicurazioni Generali SpA (MTN) 2016/2048 * ...  | EUR | 4 500 000 | 4 500 000 |  | % | 111.999 | 5 039 955.00 | 0.19 |
| 1.45  % AT&T, Inc. (MTN) 2014/2022 .................  | EUR | 5 000 000 | 5 000 000 |  | % | 101.818 | 5 090 875.00 | 0.19 |
| 3.55  % AT&T, Inc. 2012/2032 .......................  | EUR | 7 000 000 |  |  | % | 120.54 | 8 437 835.00 | 0.32 |
| 3.375 % AT&T, Inc. 2014/2034 .......................  | EUR | 5 000 000 |  |  | % | 119.515 | 5 975 750.00 | 0.22 |
| 1.80  % AT&T, Inc. 2019/2039 .......................  | EUR | 7 000 000 | 7 000 000 |  | % | 94.33 | 6 603 065.00 | 0.25 |
| 2.60  % AT&T, Inc. 2020/2038 .......................  | EUR | 5 730 000 | 5 730 000 |  | % | 106.271 | 6 089 328.30 | 0.23 |
| 3.75  % ATF Netherlands BV 2016/2049 *..............  | EUR | 1 600 000 |  | 800 000 | % | 99.424 | 1 590 784.00 | 0.06 |
| 2.875 % Auchan Holding SA (MTN) 2020/2026 ..........  | EUR | 6 800 000 | 6 800 000 |  | % | 100.117 | 6 807 956.00 | 0.26 |
| 3.125 % Aurizon Network Pty Ltd (MTN) 2016/2026 ......  | EUR | 2 260 000 |  |  | % | 110.504 | 2 497 401.70 | 0.09 |
| 0.625 % Aviva PLC (MTN) 2016/2023 ..................  | EUR | 3 620 000 |  |  | % | 101.202 | 3 663 530.50 | 0.14 |
| 1.75  % Babcock International Group PLC (MTN) 2014/2022 | EUR | 4 000 000 |  |  | % | 101.203 | 4 048 120.00 | 0.15 |
| 1.375 % Babcock International Group PLC (MTN) 2019/2027 1.00 % Banco Bilbao Vizcaya Argentaria SA (MTN) 2020/2030 * ** ............................  | EUR EUR | 6 420 000 4 900 000 | 4 900 000 |  | % % | 95.875 94.08 | 6 155 175.00 4 609 920.00 | 0.23 0.17 |
| 3.871 % Banco Comercial Portugues SA (MTN) 2019/2030 * ** ............................  | EUR | 8 000 000 |  |  | % | 93.045 | 7 443 600.00 | 0.28 |
| 1.75  % Banco de Sabadell SA (MTN) 2020/2023 *.......  | EUR | 5 700 000 | 5 700 000 |  | % | 100.668 | 5 738 104.50 | 0.22 |
| 2.00  % Banco de Sabadell SA (MTN) 2020/2030 *.......  | EUR | 5 000 000 | 15 700 000 | 10 700 000 | % | 84.406 | 4 220 300.00 | 0.16 |
| 1.125 % Banco Santander SA (MTN) 2018/2025 ** .......  | EUR | 4 700 000 |  |  | % | 101.49 | 4 770 030.00 | 0.18 |
| 0.25  % Banco Santander SA (MTN) 2019/2024 .........  | EUR | 7 200 000 |  |  | % | 99.888 | 7 191 972.00 | 0.27 |
| 0.30  % Banco Santander SA (MTN) 2019/2026 .........  | EUR | 3 900 000 |  |  | % | 99.788 | 3 891 712.50 | 0.15 |
| 1.375 % Banco Santander SA (MTN) 2020/2026 .........  | EUR | 4 800 000 | 4 800 000 |  | % | 101.783 | 4 885 584.00 | 0.18 |
| 4.75  % Banco Santander SA 2018/perpetual * ..........  | EUR | 5 000 000 | 5 000 000 |  | % | 90.6 | 4 530 025.00 | 0.17 |
| 0.75  % Bank of America Corp. (MTN) 2016/2023 ........  | EUR | 3 110 000 |  |  | % | 101.15 | 3 145 749.45 | 0.12 |
| 1.379 % Bank of America Corp. (MTN) 2017/2025 * ......  | EUR | 5 649 000 |  |  | % | 103.042 | 5 820 870.83 | 0.22 |
| 1.375 % Bank of Ireland Group PLC (MTN) 2018/2023 ....  | EUR | 6 308 000 |  |  | % | 100.248 | 6 323 675.38 | 0.24 |

| Security name | Count/ units/ currency | Quantity/ principal amount | Purchases/ additions in the | Sales/ disposals reporting period | Currency | Market price | Total market value in EUR | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 0.75 | % Bankia SA (MTN) 2019/2026 ..................  | EUR | 7 500 000 |  |  | % | 97.02 | 7 276 462.50 | 0.27 |
| 0.875 | % Bankinter SA (MTN) 2019/2024 ** .............  | EUR | 4 400 000 |  |  | % | 101.369 | 4 460 236.00 | 0.17 |
| 1.25 | % Banque Federative du Credit Mutuel SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2017/2027 ................................  | EUR | 3 800 000 |  |  | % | 107.178 | 4 072 783.00 | 0.15 |
| 0.50 | % Banque Federative du Credit Mutuel SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2018/2022 ................................  | EUR | 4 100 000 |  |  | % | 101.01 | 4 141 410.00 | 0.16 |
| 0.75 | % Banque Federative du Credit Mutuel SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2019/2026 ................................  | EUR | 7 100 000 |  |  | % | 102.608 | 7 285 203.50 | 0.27 |
| 1.75 | % Banque Federative du Credit Mutuel SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2019/2029 ................................  | EUR | 3 000 000 |  |  | % | 108.976 | 3 269 265.00 | 0.12 |
| 1.25 | % Banque Federative du Credit Mutuel SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2020/2030 ................................  | EUR | 5 300 000 | 5 300 000 |  | % | 103.01 | 5 459 556.50 | 0.20 |
| 1.875 | % Barclays PLC (MTN) 2016/2023 ...............  | EUR | 4 999 000 |  |  | % | 103.459 | 5 171 915.41 | 0.19 |
| 3.375 | % Barclays PLC (MTN) 2020/2025 * ..............  | EUR | 5 730 000 | 5 730 000 |  | % | 107.435 | 6 156 025.50 | 0.23 |
| 0.25 | % BASF SE (MTN) 2020/2027...................  | EUR | 2 000 000 | 2 000 000 |  | % | 100.628 | 2 012 570.00 | 0.08 |
| 2.375 | % BAT Netherlands Finance BV (MTN) 2020/2024 ...  | EUR | 8 480 000 | 8 480 000 |  | % | 105.821 | 8 973 620.80 | 0.34 |
| 1.50 | % Bayer Capital Corp. BV (MTN) 2018/2026 ** .....  | EUR | 7 900 000 |  |  | % | 105.358 | 8 323 321.50 | 0.31 |
| 1.401 | % Becton Dickinson and Co. (MTN) 2018/2023 .....  | EUR | 4 109 000 |  | 2 180 000 | % | 101.652 | 4 176 901.23 | 0.16 |
| 0.00 | % Belfius Bank SA (MTN) 2019/2026 .............  | EUR | 6 800 000 |  |  | % | 97.046 | 6 599 094.00 | 0.25 |
| 3.625 | % Belfius Bank SA/NV 2018/perpetual *...........  | EUR | 4 600 000 |  |  | % | 87.056 | 4 004 599.00 | 0.15 |
| 4.75 | % BHP Billiton Finance Ltd 2015/2076 * ..........  | EUR | 5 357 000 |  |  | % | 102.062 | 5 467 434.56 | 0.20 |
| 0.50 | % Blackstone Property Partners Europe Holdings Sarl |  |  |  |  |  |  |  |  |
|  | (MTN) 2019/2023 ..........................  | EUR | 10 630 000 |  |  | % | 98.916 | 10 514 823.95 | 0.39 |
| 1.125 | % BNP Paribas SA (MTN) 2019/2024 .............  | EUR | 4 800 000 |  |  | % | 102.236 | 4 907 328.00 | 0.18 |
| 2.125 | % BNP Paribas SA (MTN) 2019/2027 *............  | EUR | 3 200 000 |  |  | % | 107.159 | 3 429 088.00 | 0.13 |
| 1.125 | % BNP Paribas SA (MTN) 2020/2029 *............  | EUR | 6 400 000 | 6 400 000 |  | % | 101.32 | 6 484 512.00 | 0.24 |
| 0.50 | % BNZ International Funding Ltd/London (MTN) |  |  |  |  |  |  |  |  |
|  | 2017/2023 ................................  | EUR | 6 684 000 |  |  | % | 100.752 | 6 734 297.10 | 0.25 |
| 0.625 | % Boston Scientific Corp. (MTN) 2019/2027. . . . . . . . | EUR | 6 000 000 | 5 230 000 | 4 730 000 | % | 98.984 | 5 939 010.00 | 0.22 |
| 3.625 | % BP Capital Markets PLC 2020/perpetual * .......  | EUR | 7 780 000 | 7 780 000 |  | % | 100.539 | 7 821 934.20 | 0.29 |
| 3.25 | % BP Capital Markets PLC 2020/perpetual * .......  | EUR | 7 590 000 | 7 590 000 |  | % | 100.5 | 7 627 987.95 | 0.29 |
| 0.625 | % BPCE SA (MTN) 2018/2023 ..................  | EUR | 9 900 000 |  |  | % | 101.648 | 10 063 201.50 | 0.38 |
| 0.50 | % BPCE SA (MTN) 2019/2027 ** ................  | EUR | 6 000 000 |  |  | % | 98.336 | 5 900 160.00 | 0.22 |
| 1.875 | % Brisa Concessao Rodoviaria SA (MTN) 2015/2025 . | EUR | 3 600 000 |  |  | % | 102.998 | 3 707 910.00 | 0.14 |
| 2.00 | % Brisa Concessao Rodoviaria SA (MTN) 2016/2023 . | EUR | 3 200 000 |  |  | % | 102.81 | 3 289 920.00 | 0.12 |
| 0.625 | % British Telecommunications PLC (MTN) 2016/2021 | EUR | 4 707 000 |  |  | % | 100.272 | 4 719 803.04 | 0.18 |
| 0.75 | % Cadent Finance PLC (MTN) 2020/2032..........  | EUR | 4 270 000 | 4 270 000 |  | % | 98.201 | 4 193 182.70 | 0.16 |
| 0.625 | % CaixaBank SA (MTN) 2019/2024 ...............  | EUR | 6 000 000 |  |  | % | 97.38 | 5 842 830.00 | 0.22 |
| 2.00 | % Capgemini SE (MTN) 2020/2029...............  | EUR | 8 400 000 | 8 400 000 |  | % | 107.76 | 9 051 882.00 | 0.34 |
| 2.375 | % Capgemini SE 2020/2032 ....................  | EUR | 10 900 000 | 10 900 000 |  | % | 110.592 | 12 054 528.00 | 0.45 |
| 1.00 | % Carnival PLC (MTN) 2019/2029 ** .............  | EUR | 7 000 000 |  |  | % | 53.104 | 3 717 315.00 | 0.14 |
| 2.625 | % Carrefour SA (MTN) 2020/2027................  | EUR | 4 900 000 | 4 900 000 |  | % | 112.164 | 5 496 060.50 | 0.21 |
| 1.00 | % Cheung Kong Infrastructure Finance BVI Ltd (MTN) |  |  |  |  |  |  |  |  |
|  | 2017/2024 ................................  | EUR | 5 649 000 |  |  | % | 99.783 | 5 636 741.67 | 0.21 |
| 0.875 | % Chorus Ltd (MTN) 2019/2026 .................  | EUR | 9 735 000 |  |  | % | 100.71 | 9 804 167.18 | 0.37 |
| 0.875 | % Chubb INA Holdings, Inc. (MTN) 2019/2027......  | EUR | 3 000 000 |  | 3 000 000 | % | 101.066 | 3 031 995.00 | 0.11 |
| 1.75 | % Citigroup, Inc. (MTN) 2015/2025 ...............  | EUR | 3 766 000 |  |  | % | 105.966 | 3 990 698.39 | 0.15 |
| 0.75 | % Citigroup, Inc. (MTN) 2016/2023 ...............  | EUR | 4 547 000 |  |  | % | 101.39 | 4 610 180.57 | 0.17 |
| 1.25 | % Citigroup, Inc. (MTN) 2020/2026 * .............  | EUR | 5 580 000 | 5 580 000 |  | % | 102.292 | 5 707 865.70 | 0.21 |
| 1.25 | % CK Hutchison Europe Finance 18 Ltd (MTN) |  |  |  |  |  |  |  |  |
|  | 2018/2025 ................................  | EUR | 6 590 000 |  |  | % | 100.998 | 6 655 801.15 | 0.25 |
| 1.25 | % CK Hutchison Finance 16 Ltd (MTN) 2016/2023 ..  | EUR | 2 824 000 |  |  | % | 101.224 | 2 858 551.64 | 0.11 |
| 1.125 | % CK Hutchison Group Telecom Finance SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2019/2028 ................................  | EUR | 2 320 000 |  | 5 180 000 | % | 98.882 | 2 294 074.00 | 0.09 |
| 0.375 | % CK Hutchison Group Telecom Finance SA |  |  |  |  |  |  |  |  |
| 2019/2023 ................................  | EUR | 13 000 000 |  | 2 600 000 | % | 99.2 | 12 896 000.00 | 0.48 |
| 1.75  % CNAC HK Finbridge Co., Ltd 2018/2022 .........  | EUR | 7 327 000 |  |  | % | 99.854 | 7 316 302.58 | 0.27 |
| 1.871 % CNRC Capital Ltd (MTN) 2016/2021 ............  | EUR | 7 150 000 |  |  | % | 100.502 | 7 185 928.75 | 0.27 |
| 0.875 % Coentreprise de Transport d‘Electricite SA (MTN) |  |  |  |  |  |  |  |  |
| 2017/2024 ................................  | EUR | 5 100 000 |  |  | % | 102.75 | 5 240 250.00 | 0.20 |
| 0.75  % Comcast Corp. 2020/2032 ...................  | EUR | 5 000 000 | 18 500 000 | 13 500 000 | % | 97.666 | 4 883 300.00 | 0.18 |
| 4.00  % Commerzbank AG (MTN) 2017/2027 ...........  | EUR | 4 707 000 |  |  | % | 103.998 | 4 895 209.40 | 0.18 |
| 6.125 % Commerzbank AG 2020/perpetual * ............  | EUR | 7 600 000 | 7 600 000 |  | % | 95.285 | 7 241 660.00 | 0.27 |
| 2.125 % Conti-Gummi Finance BV (MTN) 2020/2023 ......  | EUR | 6 950 000 | 6 950 000 |  | % | 103.253 | 7 176 083.50 | 0.27 |
| 0.75  % Cooperatieve Rabobank UA (MTN) 2018/2023 ....  | EUR | 4 300 000 |  |  | % | 101.396 | 4 360 028.00 | 0.16 |
| 0.875 % Covestro AG (MTN) 2020/2026 ** .............  | EUR | 4 140 000 | 4 140 000 |  | % | 99.866 | 4 134 452.40 | 0.15 |
| 1.375 % Covestro AG (MTN) 2020/2030................  | EUR | 5 340 000 | 5 340 000 |  | % | 99.818 | 5 330 281.20 | 0.20 |
| 4.50 % Credit Agricole Assurances SA 2014/2049 * .....  | EUR | 5 000 000 |  |  | % | 109.598 | 5 479 875.00 | 0.21 |
| 4.25 % Credit Agricole Assurances SA 2015/2049 * ** ...  | EUR | 2 100 000 | 2 100 000 |  | % | 107.586 | 2 259 306.00 | 0.08 |
| 1.00  % Credit Agricole SA (MTN) 2020/2026 *..........  | EUR | 7 900 000 | 7 900 000 |  | % | 101.022 | 7 980 698.50 | 0.30 |
| 1.625 % Credit Agricole SA (MTN) 2020/2030 *..........  | EUR | 6 000 000 | 6 000 000 |  | % | 100.597 | 6 035 820.00 | 0.23 |
| 1.75  % Credit Agricole SA/London (MTN) 2019/2029 .....  | EUR | 3 900 000 |  |  | % | 107.848 | 4 206 091.50 | 0.16 |
| 1.25  % Credit Mutuel Arkea SA (MTN) 2020/2029 * .....  | EUR | 5 200 000 | 5 200 000 |  | % | 100.094 | 5 204 914.00 | 0.20 |
| 5.75  % Crédit Suisse AG 2013/2025 * ................  | EUR | 5 300 000 |  |  | % | 100.786 | 5 341 684.50 | 0.20 |
| 1.00  % Crédit Suisse Group AG (MTN) 2019/2027 * .....  | EUR | 5 750 000 |  |  | % | 100.185 | 5 760 637.50 | 0.22 |
| 3.25  % Credit Suisse Group AG (MTN) 2020/2026 * **...  | EUR | 2 690 000 | 2 690 000 |  | % | 110.845 | 2 981 730.50 | 0.11 |
| 1.25  % CRH SMW Finance DAC (MTN) 2020/2026 ......  | EUR | 3 270 000 | 3 270 000 |  | % | 103.584 | 3 387 213.15 | 0.13 |
| 2.625 % Daimler AG (MTN) 2020/2025 ** ..............  | EUR | 8 704 000 | 8 704 000 |  | % | 106.596 | 9 278 115.84 | 0.35 |
| 0.25  % Daimler International Finance BV (MTN) 2019/2023 | EUR | 12 250 000 |  |  | % | 97.59 | 11 954 775.00 | 0.45 |
| 1.625 % Danske Bank A/S (MTN) 2019/2024 ** .........  | EUR | 4 690 000 |  |  | % | 102.6 | 4 811 963.45 | 0.18 |
| 0.125 % Dassault Systemes (MTN) 2019/2026 ..........  | EUR | 10 800 000 |  |  | % | 99.228 | 10 716 624.00 | 0.40 |
| 1.375 % Deutsche Bahn Finance GmbH (MTN) 2020/2040 . | EUR | 3 230 000 | 3 230 000 |  | % | 106.728 | 3 447 298.25 | 0.13 |
| 0.95  % Deutsche Bahn Finance GMBH 2019/perpetual * . | EUR | 5 200 000 |  |  | % | 96.585 | 5 022 420.00 | 0.19 |

| Security name | Count/ units/ currency | Quantity/ principal amount | Purchases/ additions in the | Sales/ disposals reporting period | Currency | Market price | Total market value in EUR | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1.25  % Deutsche Bank AG (MTN) 2014/2021 ** ........  | EUR | 3 800 000 |  |  | % | 100.261 | 3 809 918.00 | 0.14 |
| 1.50  % Deutsche Bank AG (MTN) 2017/2022 ** ........  | EUR | 5 600 000 |  |  | % | 100.498 | 5 627 916.00 | 0.21 |
| 0.375 % Deutsche Bank AG (MTN) 2018/2021...........  | EUR | 4 700 000 |  |  | % | 99.728 | 4 687 239.50 | 0.18 |
| 1.625 % Deutsche Bank AG (MTN) 2020/2027...........  | EUR | 5 000 000 | 15 500 000 | 10 500 000 | % | 99.302 | 4 965 100.00 | 0.19 |
| 5.625 % Deutsche Bank AG (MTN) 2020/2031 * .........  | EUR | 12 100 000 | 12 100 000 |  | % | 104.816 | 12 682 736.00 | 0.48 |
| 1.25  % Deutsche Boerse AG 2020/2047 * ** ..........  | EUR | 4 400 000 | 4 400 000 |  | % | 99.942 | 4 397 470.00 | 0.16 |
| 0.375 % Deutsche Post AG (MTN) 2020/2026 ...........  | EUR | 12 600 000 | 12 600 000 |  | % | 100.836 | 12 705 273.00 | 0.48 |
| 0.75  % Deutsche Post AG (MTN) 2020/2029 ...........  | EUR | 10 000 000 | 15 140 000 | 5 140 000 | % | 102.749 | 10 274 900.00 | 0.39 |
| 0.75  % DH Europe Finance II Sarl 2019/2031 ...........  | EUR | 5 000 000 |  |  | % | 96.688 | 4 834 400.00 | 0.18 |
| 1.80  % DH Europe Finance II Sarl 2019/2049 ...........  | EUR | 5 400 000 |  |  | % | 96.804 | 5 227 389.00 | 0.20 |
| 1.70  % DH Europe Finance Sarl (MTN) 2015/2022 .......  | EUR | 5 500 000 | 5 500 000 |  | % | 102.02 | 5 611 072.50 | 0.21 |
| 0.625 % Digital Dutch Finco BV (MTN) 2020/2025 ........  | EUR | 6 270 000 | 6 270 000 |  | % | 98.926 | 6 202 660.20 | 0.23 |
| 0.125 % Digital Dutch Finco BV 2020/2022 .............  | EUR | 2 550 000 | 2 550 000 |  | % | 98.878 | 2 521 401.75 | 0.09 |
| 1.25  % Digital Dutch Finco BV 2020/2031 .............  | EUR | 5 300 000 | 5 300 000 |  | % | 99.574 | 5 277 448.50 | 0.20 |
| 0.50  % Dow Chemical Co./The (MTN) 2020/2027 ** .....  | EUR | 4 270 000 | 10 120 000 | 5 850 000 | % | 94.914 | 4 052 806.45 | 0.15 |
| 1.125 % Dow Chemical Co./The 2020/2032 ** ..........  | EUR | 6 000 000 | 9 560 000 | 3 560 000 | % | 91.684 | 5 501 070.00 | 0.21 |
| 1.75  % DXC Technology Co. (MTN) 2018/2026 .........  | EUR | 7 500 000 |  |  | % | 98.646 | 7 398 412.50 | 0.28 |
| 0.625 % E.ON SE (MTN) 2019/2031 ...................  | EUR | 2 626 000 |  | 2 024 000 | % | 98.385 | 2 583 590.10 | 0.10 |
| 1.625 % EDP - Energias de Portugal SA (MTN) 2020/2027 . | EUR | 3 700 000 | 3 700 000 |  | % | 106.297 | 3 932 989.00 | 0.15 |
| 1.875 % EDP Finance BV (MTN) 2018/2025 .............  | EUR | 5 178 000 |  |  | % | 107.52 | 5 567 359.71 | 0.21 |
| 2.75  % Electricite de France SA (MTN) 2012/2023 ** ....  | EUR | 3 600 000 |  |  | % | 106.902 | 3 848 490.00 | 0.14 |
| 2.00  % Electricite de France SA (MTN) 2018/2030 .......  | EUR | 4 000 000 |  |  | % | 110.888 | 4 435 520.00 | 0.17 |
| 2.00  % Electricite de France SA (MTN) 2019/2049 .......  | EUR | 8 000 000 | 8 000 000 |  | % | 99.092 | 7 927 400.00 | 0.30 |
| 0.375 % Elenia Finance Oyj (MTN) 2020/2027 ...........  | EUR | 5 000 000 | 10 040 000 | 5 040 000 | % | 99.78 | 4 989 000.00 | 0.19 |
| 1.70  % Eli Lilly & Co. 2019/2049 .....................  | EUR | 7 000 000 |  | 3 620 000 | % | 105.08 | 7 355 600.00 | 0.28 |
| 0.875 % Elia Transmission Belgium SA (MTN) 2020/2030 ..  3.75 % ELM BV for Firmenich International SA 2020/ perpetual * ** .............................  | EUR EUR | 5 200 000 5 690 000 | 5 200 000 5 690 000 |  | % % | 102.466 102.922 | 5 328 206.00 5 856 261.80 | 0.20 0.22 |
| 4.50  % ELM BV for Swiss Life Insurance & Pension Group 2016/2049 * ..............................  | EUR | 4 000 000 |  |  | % | 114.236 | 4 569 440.00 | 0.17 |
| 1.75  % Emirates Telecommunications Group Co. PJSC (MTN) 2014/2021 ..........................  | EUR | 3 000 000 |  |  | % | 101.347 | 3 040 410.00 | 0.11 |
| 2.75  % Emirates Telecommunications Group Co. PJSC (MTN) 2014/2026 ** ........................  | EUR | 5 000 000 | 5 000 000 |  | % | 111.226 | 5 561 300.00 | 0.21 |
| 3.625 % EnBW Energie Baden-Wuerttemberg AG (MTN) 2014/2076 * ..............................  | EUR | 4 000 000 |  |  | % | 101.467 | 4 058 680.00 | 0.15 |
| 1.966 % Enel Finance International NV (MTN) 2015/2025 ..  | EUR | 2 824 000 |  |  | % | 107.948 | 3 048 437.40 | 0.11 |
| 0.00  % Enel Finance International NV (MTN) 2019/2024 ..  | EUR | 6 000 000 |  |  | % | 98.941 | 5 936 460.00 | 0.22 |
| 0.375 % Engie SA (MTN) 2019/2027...................  | EUR | 11 500 000 |  |  | % | 99.691 | 11 464 465.00 | 0.43 |
| 1.75  % Engie SA (MTN) 2020/2028 ** ................  | EUR | 5 400 000 | 5 400 000 |  | % | 108.462 | 5 856 948.00 | 0.22 |
| 2.125 % Engie SA (MTN) 2020/2032 ** ................  | EUR | 2 800 000 | 2 800 000 |  | % | 115.079 | 3 222 212.00 | 0.12 |
| 1.50  % Eni SpA (MTN) 2017/2027....................  | EUR | 2 300 000 |  |  | % | 105.672 | 2 430 444.50 | 0.09 |
| 1.659 % EP Infrastructure AS (MTN) 2018/2024. . . . . . . . . . | EUR | 4 500 000 |  |  | % | 100.546 | 4 524 570.00 | 0.17 |
| 1.698 % EP Infrastructure AS (MTN) 2019/2026. . . . . . . . . . | EUR | 5 460 000 |  |  | % | 98.804 | 5 394 698.40 | 0.20 |
| 2.045 % EP Infrastructure AS (MTN) 2019/2028 ** .......  | EUR | 2 545 000 |  |  | % | 97.287 | 2 475 954.15 | 0.09 |
| 1.375 % Equinor ASA (MTN) 2020/2032 ................  | EUR | 4 120 000 | 4 120 000 |  | % | 106.684 | 4 395 380.80 | 0.16 |
| 1.625 % Eurogrid GmbH (MTN) 2015/2023 .............  | EUR | 4 700 000 |  |  | % | 104.71 | 4 921 370.00 | 0.18 |
| 1.50  % Eurogrid GmbH (MTN) 2016/2028 .............  | EUR | 3 800 000 |  |  | % | 108.314 | 4 115 913.00 | 0.15 |
| 1.113 % Eurogrid GmbH (MTN) 2020/2032 .............  | EUR | 4 800 000 | 4 800 000 |  | % | 105.596 | 5 068 632.00 | 0.19 |
| 1.00  % Euronext NV (MTN) 2018/2025 ................  | EUR | 4 312 000 |  |  | % | 102.774 | 4 431 593.32 | 0.17 |
| 5.25  % EWE AG 2009/2021 ........................  | EUR | 4 564 000 |  |  | % | 104.953 | 4 790 054.92 | 0.18 |
| 1.75  % Exor NV 2019/2034 .........................  | EUR | 8 200 000 |  |  | % | 92.503 | 7 585 246.00 | 0.28 |
| 1.375 % Experian Finance PLC (MTN) 2017/2026 ........  | EUR | 5 363 000 |  |  | % | 102.741 | 5 509 999.83 | 0.21 |
| 1.408 % Exxon Mobil Corp. 2020/2039.................  | EUR | 25 680 000 | 25 680 000 |  | % | 99.328 | 25 507 430.40 | 0.96 |
| 1.125 % Fastighets AB Balder (MTN) 2017/2022 .........  | EUR | 8 473 000 |  |  | % | 99.922 | 8 466 391.06 | 0.32 |
| 1.875 % Fastighets AB Balder (MTN) 2017/2026 .........  | EUR | 5 000 000 |  |  | % | 99.928 | 4 996 425.00 | 0.19 |
| 1.125 % Fastighets AB Balder (MTN) 2019/2027 .........  | EUR | 11 000 000 |  |  | % | 94.232 | 10 365 520.00 | 0.39 |
| 2.124 % Ferrovial Netherlands BV 2017/perpetual * ** ....  1.50 % Fidelity National Information Services, Inc. (MTN) 2019/2027 ................................  | EUR EUR | 2 000 000 4 650 000 | 4 650 000 | 3 000 000 | % % | 94.086 103.496 | 1 881 730.00 4 812 540.75 | 0.07 0.18 |
| 0.125 % Fidelity National Information Services, Inc. |  |  |  |  |  |  |  |  |
| 2019/2021 ................................  | EUR | 5 000 000 | 5 000 000 | % | 99.71 | 4 985 475.00 | 0.19 |
| 1.375 % Firmenich Productions Participations SAS (MTN) |  |  |  |  |  |  |  |  |
| 2020/2026 ................................  | EUR | 10 880 000 | 10 880 000 | % | 102.927 | 11 198 457.60 | 0.42 |
| 1.75  % Firmenich Productions Participations SAS (MTN) |  |  |  |  |  |  |  |  |
| 2020/2030 ................................  | EUR | 8 420 000 | 8 420 000 | % | 104.407 | 8 791 069.40 | 0.33 |
| 0.875 % Fortum OYJ 2019/2023 ......................  | EUR | 9 170 000 |  | % | 101.094 | 9 270 365.65 | 0.35 |
| 4.35  % Fortune Star BVI Ltd 2019/2023 ...............  | EUR | 7 000 000 |  | % | 97.091 | 6 796 370.00 | 0.25 |
| 1.50  % G4S International Finance PLC (MTN) 2016/2023 . | EUR | 4 707 000 |  | % | 99.362 | 4 676 945.81 | 0.18 |
| 1.50  % G4S International Finance PLC (MTN) 2017/2024 . | EUR | 4 500 000 | 4 500 000 | % | 97.646 | 4 394 047.50 | 0.16 |
| 3.60  % Gazprom OAO Via Gaz Capital SA (MTN) 2014/2021 2.95  % Gazprom PJSC Via Gaz Finance PLC (MTN) | EUR | 4 707 000 |  | % | 102.144 | 4 807 894.55 | 0.18 |
| 2020/2025	EUR | 10 000 000 | 15 700 000 | 5 700 000 | % | 104.386 | 10 438 550.00 | 0.39 |
| 2.625 % GE Capital European Funding Unlimited Co. (MTN) 2013/2023 ................................  | EUR | 4 000 000 | 4 000 000 |  | % | 104.778 | 4 191 100.00 | 0.16 |
| 0.875 % GELF Bond Issuer I SA (MTN) 2016/2022 .......  | EUR | 3 578 000 |  |  | % | 100.006 | 3 578 232.57 | 0.13 |
| 0.20  % General Motors Financial Co., Inc. (MTN) 2019/2022 | EUR | 7 430 000 |  |  | % | 96.242 | 7 150 743.45 | 0.27 |
| 2.75  % Glencore Finance Europe SA (MTN) 2014/2021 ...  | EUR | 4 707 000 |  |  | % | 100.702 | 4 740 019.61 | 0.18 |
| 1.50  % Global Switch Holdings Ltd (MTN) 2017/2024 ....  | EUR | 13 627 000 | 13 627 000 |  | % | 101.483 | 13 829 088.41 | 0.52 |
| 1.375 % Goldman Sachs Group, Inc. (MTN) 2015/2022 ....  | EUR | 3 766 000 |  |  | % | 102.096 | 3 844 916.53 | 0.14 |
| 2.00  % Goldman Sachs Group, Inc. (MTN) 2015/2023 ....  | EUR | 3 173 000 |  |  | % | 104.346 | 3 310 882.72 | 0.12 |
| 1.375 % Goldman Sachs Group, Inc. (MTN) 2017/2024 ....  | EUR | 5 649 000 |  |  | % | 101.946 | 5 758 929.54 | 0.22 |
| 0.125 % Goldman Sachs Group, Inc./The (MTN) 2019/2024 | EUR | 6 000 000 |  |  | % | 97.652 | 5 859 120.00 | 0.22 |

| Security name | Count/ units/ currency | Quantity/ principal amount | Purchases/ additions in the | Sales/ disposals reporting period | Currency | Market price | Total market value in EUR | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 3.375 % Goldman Sachs Group, Inc./The (MTN) 2020/2025 | EUR | 9 000 000 | 9 000 000 |  | % | 111.62 | 10 045 800.00 | 0.38 |
| 1.375 % Goodman Australia Finance Pty Ltd -Reg- (MTN) |  |  |  |  |  |  |  |  |
| 2017/2025 ** .............................  | EUR | 8 002 000 |  |  | % | 100.108 | 8 010 642.16 | 0.30 |
| 1.75  % Great-West Lifeco, Inc. (MTN) 2016/2026 .......  | EUR | 7 000 000 |  |  | % | 105.628 | 7 393 960.00 | 0.28 |
| 6.375 % Groupama SA 2014/2049 * ...................  | EUR | 4 000 000 |  |  | % | 110.448 | 4 417 920.00 | 0.17 |
| 3.875 % Harley-Davidson Financial Services, Inc. 2020/2023 | EUR | 9 730 000 | 9 730 000 |  | % | 104.598 | 10 177 434.05 | 0.38 |
| 1.875 % Heathrow Funding Ltd (MTN) 2014/2022 ........  | EUR | 2 400 000 | 2 400 000 |  | % | 101.767 | 2 442 408.00 | 0.09 |
| 1.875 % Heathrow Funding Ltd (MTN) 2019/2034 ........  | EUR | 4 500 000 |  |  | % | 101.696 | 4 576 320.00 | 0.17 |
| 1.50  % HeidelbergCement AG (MTN) 2016/2025 ........  | EUR | 3 474 000 |  |  | % | 102.031 | 3 544 556.94 | 0.13 |
| 1.125 % HeidelbergCement Finance Luxembourg SA (MTN) |  |  |  |  |  |  |  |  |
| 2019/2027 ................................  | EUR | 4 120 000 |  |  | % | 98.966 | 4 077 378.60 | 0.15 |
| 1.75  % Heimstaden Bostad AB (MTN) 2018/2021 .......  | EUR | 6 070 000 |  |  | % | 100.809 | 6 119 106.30 | 0.23 |
| 2.125 % Heimstaden Bostad AB (MTN) 2019/2023 .......  | EUR | 2 540 000 |  |  | % | 102.448 | 2 602 179.20 | 0.10 |
| 1.125 % Heimstaden Bostad AB (MTN) 2020/2026 .......  | EUR | 5 620 000 | 5 620 000 |  | % | 97.477 | 5 478 207.40 | 0.21 |
| 3.248 % Heimstaden Bostad AB 2019/perpetual * ** .....  | EUR | 5 000 000 |  | 7 000 000 | % | 95.806 | 4 790 325.00 | 0.18 |
| 2.25  % Heineken NV (MTN) 2020/2030 ...............  | EUR | 3 240 000 | 3 240 000 |  | % | 113.444 | 3 675 569.40 | 0.14 |
| 2.75  % Helvetia Europe SA 2020/2041 * ..............  | EUR | 7 680 000 | 7 680 000 |  | % | 100.679 | 7 732 147.20 | 0.29 |
| 1.00  % Hemso Fastighets AB (MTN) 2016/2026 ** ......  | EUR | 5 667 000 |  |  | % | 98.812 | 5 599 676.04 | 0.21 |
| 2.375 % Holcim Finance Luxembourg SA (MTN) 2020/2025 | EUR | 5 990 000 | 5 990 000 |  | % | 107.574 | 6 443 682.60 | 0.24 |
| 0.625 % Holding d‘Infrastructures de Transport SAS (MTN) |  |  |  |  |  |  |  |  |
| 2017/2023 ................................  | EUR | 4 200 000 |  |  | % | 97.079 | 4 077 318.00 | 0.15 |
| 1.625 % Holding d‘Infrastructures de Transport SAS (MTN) |  |  |  |  |  |  |  |  |
| 2017/2027 ................................  | EUR | 3 100 000 |  |  | % | 97.11 | 3 010 394.50 | 0.11 |
| 1.375 % HSBC France SA (MTN) 2018/2028 ** ..........  | EUR | 6 000 000 |  |  | % | 109.008 | 6 540 480.00 | 0.25 |
| 0.10  % HSBC France SA (MTN) 2019/2027 ............  | EUR | 4 000 000 |  |  | % | 97.123 | 3 884 920.00 | 0.15 |
| 1.00  % ING Groep NV (MTN) 2018/2023 ..............  | EUR | 3 500 000 |  |  | % | 102.2 | 3 577 000.00 | 0.13 |
| 0.10  % ING Groep NV (MTN) 2019/2025 * .............  | EUR | 6 100 000 |  |  | % | 97.903 | 5 972 083.00 | 0.22 |
| 1.20  % International Business Machines Corp. 2020/2040 | EUR | 8 830 000 | 8 830 000 |  | % | 96.316 | 8 504 702.80 | 0.32 |
| 1.75  % International Flavors & Fragrances, Inc. (MTN) |  |  |  |  |  |  |  |  |
| 2016/2024 ................................  | EUR | 4 000 000 |  |  | % | 102.642 | 4 105 660.00 | 0.15 |
| 1.80  % International Flavors & Fragrances, Inc. (MTN) |  |  |  |  |  |  |  |  |
| 2018/2026 ................................  | EUR | 1 510 000 | 1 510 000 |  | % | 101.096 | 1 526 542.05 | 0.06 |
| 1.125 % Intesa Sanpaolo SpA (MTN) 2015/2022 .........  | EUR | 4 237 000 |  |  | % | 100.66 | 4 264 985.39 | 0.16 |
| 0.875 % Intesa Sanpaolo SpA (MTN) 2017/2022 .........  | EUR | 2 966 000 |  |  | % | 100.188 | 2 971 590.91 | 0.11 |
| 0.75  % Intesa Sanpaolo SpA (MTN) 2019/2024 ** .......  | EUR | 4 070 000 |  |  | % | 98.883 | 4 024 538.10 | 0.15 |
| 7.00  % Intesa Sanpaolo SpA 2016/2049 * ** ...........  | EUR | 5 000 000 |  |  | % | 99.786 | 4 989 300.00 | 0.19 |
| 1.50  % Investor AB (MTN) 2019/2039 ................  | EUR | 4 000 000 |  |  | % | 106.57 | 4 262 780.00 | 0.16 |
| 1.95  % Iren SpA (MTN) 2018/2025 ...................  | EUR | 4 707 000 |  |  | % | 107.582 | 5 063 861.21 | 0.19 |
| 1.00  % Iren SpA (MTN) 2020/2030 ...................  | EUR | 12 970 000 | 12 970 000 |  | % | 98.448 | 12 768 640.75 | 0.48 |
| 2.125 % ISS Global A/S (MTN) 2014/2024 ..............  | EUR | 7 000 000 | 7 000 000 |  | % | 104.103 | 7 287 210.00 | 0.27 |
| 1.00  % JAB Holdings BV (MTN) 2019/2027 ............  | EUR | 5 600 000 |  |  | % | 97.396 | 5 454 148.00 | 0.20 |
| 2.50  % JAB Holdings BV (MTN) 2020/2027 ............  | EUR | 7 100 000 | 7 100 000 |  | % | 106.704 | 7 575 984.00 | 0.28 |
| 2.20 % John Deere Cash Management SA (MTN) |  |  |  |  |  |  |  |  |
| 2020/2032 ................................  | EUR | 3 590 000 | 3 590 000 |  | % | 113.607 | 4 078 491.30 | 0.15 |
| 1.00 % Johnson Controls International plc (MTN) 2017/2023 . | EUR | 4 943 000 |  |  | % | 101.193 | 5 001 969.99 | 0.19 |
| 1.001 % JPMorgan Chase & Co. (MTN) 2019/2031 * .....  | EUR | 5 310 000 |  |  | % | 100.24 | 5 322 744.00 | 0.20 |
| 1.047 % JPMorgan Chase & Co. (MTN) 2019/2032 * ** ...  | EUR | 4 500 000 |  |  | % | 100.288 | 4 512 960.00 | 0.17 |
| 1.125 % KBC Group NV (MTN) 2019/2024 ..............  | EUR | 4 800 000 |  |  | % | 102.836 | 4 936 104.00 | 0.18 |
| 1.625 % KKR Group Finance Co., V LLC -Reg- (MTN) |  |  |  |  |  |  |  |  |
| 2019/2029 ................................  | EUR | 7 520 000 |  |  | % | 101.744 | 7 651 111.20 | 0.29 |
| 1.75  % Koninklijke Ahold Delhaize NV (MTN) 2020/2027 ..  | EUR | 3 480 000 | 3 480 000 |  | % | 108.49 | 3 775 434.60 | 0.14 |
| 0.50  % La Banque Postale SA (MTN) 2020/2026 * ......  | EUR | 7 400 000 | 7 400 000 |  | % | 99.02 | 7 327 480.00 | 0.27 |
| 2.125 % La Mondiale SAM 2020/2031 .................  | EUR | 4 900 000 | 4 900 000 |  | % | 98.848 | 4 843 552.00 | 0.18 |
| 0.375 % La Poste SA (MTN) 2019/2027 ................  | EUR | 4 500 000 |  |  | % | 99.811 | 4 491 495.00 | 0.17 |
| 3.125 % La Poste SA 2018/perpetual * ** ..............  | EUR | 3 000 000 |  |  | % | 103.146 | 3 094 365.00 | 0.12 |
| 4.00  % Landesbank Baden-Wuerttemberg (MTN) 2019/ |  |  |  |  |  |  |  |  |
| perpetual * ** .............................  | EUR | 7 000 000 |  | 2 400 000 | % | 85.678 | 5 997 495.00 | 0.22 |
| 0.75  % LeasePlan Corp., NV (MTN) 2017/2022 .........  | EUR | 5 903 000 |  |  | % | 98.824 | 5 833 610.24 | 0.22 |
| 4.25  % Lehman Brothers Holdings, Inc. (MTN) 2046/2016 * | EUR | 850 000 |  |  | % | 0 | 0.85 | 0.00 |
| 0.50  % LG Chem Ltd -Reg- 2019/2023 ................  | EUR | 4 660 000 |  |  | % | 98.614 | 4 595 412.40 | 0.17 |
| 1.75  % Liberty Mutual Finance Europe Designated Activity |  |  |  |  |  |  |  |  |
| -Reg- (MTN) 2017/2024 ......................      | EUR | 6 120 000 |  |  | % | 104.147 | 6 373 796.40 | 0.24 |
| 0.375 % Lloyds Bank Corp.orate Markets PLC (MTN) |  |  |  |  |  |  |  |  |
| 2020/2025 ................................  | EUR | 6 270 000 | 6 270 000 |  | % | 98.685 | 6 187 549.50 | 0.23 |
| 0.25  % Lloyds Bank PLC 2019/2022 ..................  | EUR | 5 470 000 |  |  | % | 99.351 | 5 434 499.70 | 0.20 |
| 0.50  % Lloyds Banking Group PLC (MTN) 2019/2025 * ...  | EUR | 5 220 000 |  |  | % | 97.861 | 5 108 344.20 | 0.19 |
| 0.50  % Logicor Financing Sarl (MTN) 2019/2021 ........  | EUR | 4 480 000 |  |  | % | 99.514 | 4 458 227.20 | 0.17 |
| 1.625 % Logicor Financing Sarl (MTN) 2019/2027 ........  | EUR | 6 700 000 |  |  | % | 100.917 | 6 761 439.00 | 0.25 |
| 0.125 % LVMH Moet Hennessy Louis Vuitton SE (MTN) |  |  |  |  |  |  |  |  |
| 2020/2028 ................................  | EUR | 10 000 000 | 21 800 000 | 11 800 000 | % | 98.394 | 9 839 450.00 | 0.37 |
| 1.375 % Madrilena Red de Gas Finance BV (MTN) 2017/2025 | EUR | 5 290 000 |  |  | % | 103.378 | 5 468 722.65 | 0.20 |
| 0.625 % McKesson Corp. 2017/2021 ..................  | EUR | 5 000 000 | 5 000 000 |  | % | 100.17 | 5 008 525.00 | 0.19 |
| 1.125 % Mediobanca Banca di Credito Finanziario SpA (MTN) |  |  |  |  |  |  |  |  |
| 2020/2025 ................................  | EUR | 4 110 000 | 4 110 000 |  | % | 96.211 | 3 954 272.10 | 0.15 |
| 1.125 % Medtronic Global Holdings SCA (MTN) 2019/2027. | EUR | 5 700 000 |  |  | % | 104.615 | 5 963 055.00 | 0.22 |
| 2.25  % Medtronic Global Holdings SCA 2019/2039 ......  | EUR | 4 000 000 |  |  | % | 113.088 | 4 523 540.00 | 0.17 |
| 1.75  % Medtronic Global Holdings SCA 2019/2049 ......  | EUR | 4 000 000 |  |  | % | 98.406 | 3 936 220.00 | 0.15 |
| 0.875 % Merck Financial Services GmbH (MTN) 2019/2031 | EUR | 7 000 000 |  |  | % | 102.855 | 7 199 850.00 | 0.27 |
| 1.50  % Mondi Finance PLC (MTN) 2016/2024 ..........  | EUR | 4 707 000 |  |  | % | 102.808 | 4 839 196.10 | 0.18 |
| 1.00  % Morgan Stanley (MTN) 2016/2022 .............  | EUR | 8 002 000 |  |  | % | 101.241 | 8 101 304.82 | 0.30 |
| 0.637 % Morgan Stanley (MTN) 2019/2024 *............  | EUR | 6 490 000 |  |  | % | 100.158 | 6 500 221.75 | 0.24 |
| 0.375 % Motability Operations Group PLC (MTN) |  |  |  |  |  |  |  |  |
| 2019/2026 ................................  | EUR | 5 000 000 |  | 4 080 000 | % | 99.783 | 4 989 150.00 | 0.19 |

| Security name | Count/ units/ currency | Quantity/ principal amount | Purchases/ additions in the | Sales/ disposals reporting period | Currency | Market price | Total market value in EUR | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 3.25  % Muenchener Rueckversicherungs-Gesellschaft AG |  |  |  |  |  |  |  |  |
| in Muenchen 2018/2049 * ...................  | EUR | 5 400 000 |  |  | % | 114.494 | 6 182 676.00 | 0.23 |
| 2.125 % Mylan, Inc. (MTN) 2018/2025 .................  | EUR | 5 649 000 |  |  | % | 104.197 | 5 886 088.53 | 0.22 |
| 1.00  % National Grid North America, Inc. (MTN) 2017/2024 | EUR | 3 200 000 |  |  | % | 102.95 | 3 294 400.00 | 0.12 |
| 1.25  % Naturgy Finance BV (MTN) 2016/2026 ..........  | EUR | 2 300 000 |  |  | % | 104.543 | 2 404 489.00 | 0.09 |
| 1.25  % Naturgy Finance BV (MTN) 2020/2026 ..........  | EUR | 9 000 000 | 9 000 000 |  | % | 104.143 | 9 372 870.00 | 0.35 |
| 1.125 % Natwest Markets PLC (MTN) 2018/2023 ........  | EUR | 5 178 000 |  |  | % | 100.595 | 5 208 809.10 | 0.20 |
| 1.50  % Nestle Finance International Ltd (MTN) 2020/2030 | EUR | 2 690 000 | 2 690 000 |  | % | 110.773 | 2 979 793.70 | 0.11 |
| 0.25  % New York Life Global Funding (MTN) 2020/2027 ..  | EUR | 6 450 000 | 6 450 000 |  | % | 99.328 | 6 406 623.75 | 0.24 |
| 1.50  % Nomura Europe Finance NV (MTN) 2014/2021....  | EUR | 4 707 000 |  |  | % | 101.215 | 4 764 190.05 | 0.18 |
| 0.625 % Nykredit Realkredit A/S (MTN) 2019/2025 ** .....  | EUR | 6 730 000 |  |  | % | 98.006 | 6 595 770.15 | 0.25 |
| 2.375 % OMV AG (MTN) 2020/2032...................  | EUR | 8 000 000 | 13 650 000 | 5 650 000 | % | 115.088 | 9 207 040.00 | 0.35 |
| 1.00  % Optus Finance Pty Ltd (MTN) 2019/2029 ........  | EUR | 10 000 000 |  |  | % | 101.57 | 10 157 000.00 | 0.38 |
| 1.375 % Orange SA (MTN) 2018/2028 .................  | EUR | 4 900 000 |  |  | % | 106.642 | 5 225 482.50 | 0.20 |
| 1.375 % Orange SA (MTN) 2019/2049 .................  | EUR | 6 000 000 |  |  | % | 96.908 | 5 814 450.00 | 0.22 |
| 2.375 % Orange SA (MTN) 2019/perpetual * ............  | EUR | 5 200 000 |  |  | % | 101.472 | 5 276 570.00 | 0.20 |
| 1.625 % Orange SA (MTN) 2020/2032 .................  | EUR | 3 700 000 | 3 700 000 |  | % | 108.836 | 4 026 932.00 | 0.15 |
| 1.75  % Orsted A/S 2019/2099 * .....................  | EUR | 4 820 000 |  |  | % | 98.706 | 4 757 629.20 | 0.18 |
| 0.50  % PepsiCo, Inc. (MTN) 2020/2028 ** .............  | EUR | 6 000 000 | 12 060 000 | 6 060 000 | % | 100.988 | 6 059 250.00 | 0.23 |
| 0.50  % Pernod Ricard SA (MTN) 2019/2027 ** .........  | EUR | 3 900 000 |  |  | % | 100.032 | 3 901 228.50 | 0.15 |
| 0.875 % Pernod Ricard SA 2019/2031 ** ...............  | EUR | 4 100 000 |  |  | % | 99.395 | 4 075 195.00 | 0.15 |
| 2.50  % Petroleos Mexicanos (MTN) 2017/2021 .........  | EUR | 1 920 000 | 1 920 000 |  | % | 97.056 | 1 863 475.20 | 0.07 |
| 2.375 % Peugeot SA (MTN) 2016/2023 ................  | EUR | 4 612 000 | 4 612 000 |  | % | 101.856 | 4 697 598.72 | 0.18 |
| 0.50  % POSCO -Reg- 2020/2024 ....................  | EUR | 5 000 000 | 5 000 000 |  | % | 96.756 | 4 837 800.00 | 0.18 |
| 1.00  % Postnl NV (MTN) 2017/2024 ..................  | EUR | 5 000 000 |  |  | % | 100.73 | 5 036 475.00 | 0.19 |
| 1.75  % Prologis International Funding II SA (MTN) |  |  |  |  |  |  |  |  |
| 2018/2028 ................................  | EUR | 4 000 000 | 4 000 000 |  | % | 108.444 | 4 337 780.00 | 0.16 |
| 3.00  % Prologis LP 2014/2026 ......................  | EUR | 2 824 000 |  |  | % | 114.99 | 3 247 331.72 | 0.12 |
| 0.375 % Raiffeisen Bank International AG (MTN) 2019/2026 | EUR | 4 000 000 |  | 4 000 000 | % | 99.448 | 3 977 940.00 | 0.15 |
| 0.75  % RCI Banque SA (MTN) 2017/2022 .............  | EUR | 3 474 000 |  |  | % | 97.646 | 3 392 239.41 | 0.13 |
| 0.25  % RCI Banque SA (MTN) 2018/2021 .............  | EUR | 5 200 000 |  |  | % | 98.548 | 5 124 496.00 | 0.19 |
| 0.00  % RELX Finance BV 2020/2024 .................  | EUR | 4 520 000 | 4 520 000 |  | % | 98.757 | 4 463 816.40 | 0.17 |
| 1.00  % Renault SA (MTN) 2018/2024 .................  | EUR | 5 000 000 | 5 000 000 |  | % | 93.258 | 4 662 900.00 | 0.17 |
| 3.25  % Rentokil Initial PLC (MTN) 2013/2021 ...........  | EUR | 4 400 000 | 4 400 000 |  | % | 102.394 | 4 505 314.00 | 0.17 |
| 0.875 % Rentokil Initial PLC (MTN) 2019/2026 ...........  | EUR | 8 620 000 |  |  | % | 99.622 | 8 587 416.40 | 0.32 |
| 4.247 % Repsol International Finance BV 2020/perpetual * . | EUR | 2 590 000 | 2 590 000 |  | % | 101.39 | 2 625 988.05 | 0.10 |
| 2.875 % Rio Tinto Finance PLC (MTN) 2012/2024 **......  | EUR | 3 650 000 |  |  | % | 110.641 | 4 038 396.50 | 0.15 |
| 2.50  % Royal Bank of Scotland Group PLC (MTN) |  |  |  |  |  |  |  |  |
| 2016/2023 ** .............................  | EUR | 2 824 000 |  |  | % | 104.19 | 2 942 339.72 | 0.11 |
| 0.75  % Royal Bank of Scotland Group PLC (MTN) |  |  |  |  |  |  |  |  |
| 2019/2025 * ..............................  | EUR | 5 000 000 | % | 98.145 | 4 907 250.00 | 0.18 |
| 2.00  % Royal Schiphol Group NV (MTN) 2015/2026 ......  | EUR | 5 649 000 | % | 108.8 | 6 146 083.76 | 0.23 |
| 1.125 % RTE Reseau de Transport d‘Electricite SADIR (MTN) |  |  |  |  |  |  |
| 2019/2049 ................................  | EUR | 2 600 000 | % | 100.556 | 2 614 456.00 | 0.10 |
| 1.125 % Ryanair DAC (MTN) 2015/2023 ** .............  | EUR | 2 724 000 | % | 94.093 | 2 563 093.32 | 0.10 |
| 1.125 % Samhallsbyggnadsbolaget i Norden AB (MTN) |  |  |  |  |  |  |
| 2019/2026 ................................  | EUR | 6 470 000 | % | 94.826 | 6 135 274.55 | 0.23 |
| 2.624 % Samhallsbyggnadsbolaget i Norden AB 2020/ |  |  |  |  |  |  |  |  |
| perpetual * ...............................  | EUR | 6 430 000 | 6 430 000 |  | % | 92.329 | 5 936 754.70 | 0.22 |
| 1.50  % Sanofi (MTN) 2020/2030 .....................  | EUR | 2 900 000 | 2 900 000 |  | % | 111.369 | 3 229 701.00 | 0.12 |
| 0.75  % Santander Consumer Bank AG (MTN) 2017/2022 . | EUR | 7 100 000 |  |  | % | 100.234 | 7 116 614.00 | 0.27 |
| 0.75  % Santander Consumer Bank AS (MTN) 2018/2023..  | EUR | 3 400 000 |  |  | % | 100.076 | 3 402 601.00 | 0.13 |
| 0.125 % Santander Consumer Bank AS (MTN) 2020/2025..  | EUR | 8 000 000 | 11 200 000 | 3 200 000 | % | 96.178 | 7 694 280.00 | 0.29 |
| 1.125 % Santander Consumer Finance SA (MTN) 2018/2023 | EUR | 7 300 000 |  |  | % | 101.838 | 7 434 210.50 | 0.28 |
| 0.50  % Santander Consumer Finance SA (MTN) 2019/2026 | EUR | 4 000 000 |  | 4 400 000 | % | 98.322 | 3 932 900.00 | 0.15 |
| 1.625 % SAP SE 2018/2031 ** .......................  | EUR | 5 000 000 |  |  | % | 112.478 | 5 623 925.00 | 0.21 |
| 3.125 % Sappi Papier Holding GmbH -Reg- (MTN) |  |  |  |  |  |  |  |  |
| 2019/2026 ** .............................  | EUR | 2 000 000 |  | 1 870 000 | % | 85.896 | 1 717 910.00 | 0.06 |
| 2.25  % Scania CV AB (MTN) 2020/2025 ...............  | EUR | 8 110 000 | 8 110 000 |  | % | 102.544 | 8 316 358.95 | 0.31 |
| 1.375 % Scentre Group Trust 1 Via Scentre Group Trust 2 |  |  |  |  |  |  |  |  |
| (MTN) 2016/2023 ..........................  | EUR | 3 685 000 |  | 815 000 | % | 100.276 | 3 695 170.60 | 0.14 |
| 1.75  % Scentre Group Trust 1 Via Scentre Group Trust 2 |  |  |  |  |  |  |  |  |
| (MTN) 2018/2028 ..........................  | EUR | 3 578 000 |  |  | % | 98.786 | 3 534 580.97 | 0.13 |
| 1.375 % Schlumberger Finance BV (MTN) 2020/2026 .....  | EUR | 4 990 000 | 4 990 000 |  | % | 102.424 | 5 110 982.55 | 0.19 |
| 2.00  % Schlumberger Finance BV 2020/2032...........  | EUR | 5 620 000 | 5 620 000 |  | % | 107.23 | 6 026 326.00 | 0.23 |
| 1.625 % SES SA (MTN) 2018/2026 ....................  | EUR | 3 150 000 |  |  | % | 100.076 | 3 152 378.25 | 0.12 |
| 0.50  % Shell International Finance BV (MTN) 2019/2031 ..  | EUR | 6 000 000 |  | 8 230 000 | % | 96.418 | 5 785 050.00 | 0.22 |
| 0.875 % Shell International Finance BV (MTN) 2019/2039 ..  | EUR | 7 500 000 |  | 7 500 000 | % | 92.86 | 6 964 537.50 | 0.26 |
| 0.25  % Siemens Financieringsmaatschappij NV (MTN) |  |  |  |  |  |  |  |  |
| 2020/2029 ................................  | EUR | 5 000 000 | 9 800 000 | 4 800 000 | % | 98.924 | 4 946 175.00 | 0.19 |
| 2.375 % Signify NV (MTN) 2020/2027..................  | EUR | 4 580 000 | 4 580 000 |  | % | 102.754 | 4 706 110.30 | 0.18 |
| 2.00  % Signify NV 2020/2024 .......................  | EUR | 6 880 000 | 6 880 000 |  | % | 101.28 | 6 968 064.00 | 0.26 |
| 0.50  % Société Générale SA (MTN) 2017/2023 ** .......  | EUR | 4 700 000 |  |  | % | 99.375 | 4 670 625.00 | 0.18 |
| 1.25  % Société Générale SA (MTN) 2019/2024 .........  | EUR | 5 100 000 |  |  | % | 101.407 | 5 171 757.00 | 0.19 |
| 0.125 % Societe Generale SA (MTN) 2020/2026 .........  | EUR | 8 300 000 | 11 700 000 | 3 400 000 | % | 98.958 | 8 213 472.50 | 0.31 |
| 1.25  % Societe Generale SA (MTN) 2020/2030 .........  | EUR | 9 100 000 | 9 100 000 |  | % | 100.127 | 9 111 557.00 | 0.34 |
| 1.75 % SSE PLC (MTN) 2020/2030 ** ................  | EUR | 10 950 000 | 10 950 000 |  | % | 104.954 | 11 492 408.25 | 0.43 |
| 0.90  % Standard Chartered PLC (MTN) 2019/2027 * .....  | EUR | 2 830 000 |  |  | % | 99.488 | 2 815 510.40 | 0.11 |
| 2.50  % Standard Chartered PLC (MTN) 2020/2030 * .....  | EUR | 5 570 000 | 5 570 000 |  | % | 101.617 | 5 660 066.90 | 0.21 |
| 1.375 % State Grid Overseas Investment 2016 Ltd -Reg- |  |  |  |  |  |  |  |  |
| (MTN) 2018/2025 ..........................  | EUR | 8 473 000 |  |  | % | 102.222 | 8 661 227.70 | 0.32 |
| 6.50  % Stichting AK Rabobank Certificaten 2014/2049 ...  | EUR | 4 000 000 | 5 000 000 | 1 000 000 | % | 106.45 | 4 258 000.00 | 0.16 |

| Security name | Count/ units/ currency | Quantity/ principal amount | Purchases/ additions in the | Sales/ disposals reporting period | Currency | Market price | Total market value in EUR | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 0.25  % Stryker Corp. (MTN) 2019/2024 ...............  | EUR | 9 800 000 |  |  | % | 99.018 | 9 703 715.00 | 0.36 |
| 0.75  % Stryker Corp. (MTN) 2019/2029 ...............  | EUR | 5 000 000 |  |  | % | 98.724 | 4 936 175.00 | 0.19 |
| 1.25  % Suez (MTN) 2020/2027 ......................  | EUR | 3 600 000 | 3 600 000 |  | % | 105.172 | 3 786 174.00 | 0.14 |
| 2.50  % Suez 2015/2049 * ** .......................  | EUR | 3 600 000 |  |  | % | 100.456 | 3 616 416.00 | 0.14 |
| 0.934 % Sumitomo Mitsui Financial Group, Inc. (MTN) |  |  |  |  |  |  |  |  |
| 2017/2024 ** .............................  | EUR | 2 900 000 |  |  | % | 102.128 | 2 961 726.50 | 0.11 |
| 1.25  % Svenska Handelsbanken AB (MTN) 2018/2028 * ..  | EUR | 3 766 000 |  |  | % | 101.29 | 3 814 581.40 | 0.14 |
| 1.00  % Svenska Handelsbanken AB (MTN) 2020/2025 ...  | EUR | 3 400 000 | 3 400 000 |  | % | 104.308 | 3 546 472.00 | 0.13 |
| 1.50  % Swedbank AB (MTN) 2018/2028 * .............  | EUR | 5 536 000 |  |  | % | 100.065 | 5 539 598.40 | 0.21 |
| 2.714 % Swiss Re Finance UK PLC 2020/2052 * .........  | EUR | 3 300 000 | 3 300 000 |  | % | 104.089 | 3 434 937.00 | 0.13 |
| 3.375 % Syngenta Finance NV (MTN) 2020/2026 .........  | EUR | 3 500 000 | 3 500 000 |  | % | 103.992 | 3 639 702.50 | 0.14 |
| 2.00  % Takeda Pharmaceutical Co., Ltd 2020/2040 ......  | EUR | 18 720 000 | 18 720 000 |  | % | 100.108 | 18 740 124.00 | 0.70 |
| 3.00  % Takeda Pharmaceutical Co., Ltd -Reg- 2018/2030 . | EUR | 7 000 000 |  |  | % | 117.704 | 8 239 315.00 | 0.31 |
| 1.125 % Tele2 AB (MTN) 2018/2024...................  | EUR | 8 000 000 |  |  | % | 103.055 | 8 244 400.00 | 0.31 |
| 2.125 % Tele2 AB (MTN) 2018/2028...................  | EUR | 8 085 000 |  |  | % | 109.022 | 8 814 469.13 | 0.33 |
| 2.875 % Telefonica Europe BV 2019/perpetual * .........  | EUR | 5 000 000 |  |  | % | 95.435 | 4 771 750.00 | 0.18 |
| 1.50  % Telekom Finanzmanagement GmbH (MTN) |  |  |  |  |  |  |  |  |
| 2016/2026 ................................  | EUR | 4 200 000 |  |  | % | 107.806 | 4 527 852.00 | 0.17 |
| 1.00  % Telstra Corp., Ltd (MTN) 2020/2030 ** .........  | EUR | 2 810 000 | 2 810 000 |  | % | 103.248 | 2 901 268.80 | 0.11 |
| 1.50  % TenneT Holding BV (MTN) 2019/2039 ..........  | EUR | 7 530 000 |  |  | % | 108.996 | 8 207 398.80 | 0.31 |
| 2.995 % TenneT Holding BV 2017/perpetual * ...........  | EUR | 5 000 000 | 5 000 000 |  | % | 103.577 | 5 178 850.00 | 0.19 |
| 1.125 % Teollisuuden Voima Oyj (MTN) 2019/2026 .......  | EUR | 7 000 000 |  | 2 550 000 | % | 92.922 | 6 504 540.00 | 0.24 |
| 1.00  % Terna Rete Elettrica Nazionale SpA (MTN) |  |  |  |  |  |  |  |  |
| 2016/2028 ** .............................  | EUR | 6 000 000 |  |  | % | 103.565 | 6 213 900.00 | 0.23 |
| 0.875 % Thales SA (MTN) 2018/2024 ..................  | EUR | 5 600 000 |  |  | % | 102.126 | 5 719 056.00 | 0.21 |
| 0.75  % Thales SA (MTN) 2018/2025 ..................  | EUR | 2 800 000 |  |  | % | 101.795 | 2 850 260.00 | 0.11 |
| 0.125 % Thermo Fisher Scientific, Inc. (MTN) 2019/2025 ..  | EUR | 4 260 000 |  |  | % | 98.722 | 4 205 578.50 | 0.16 |
| 1.875 % Thermo Fisher Scientific, Inc. 2019/2049 ........  | EUR | 1 235 000 | 1 235 000 |  | % | 96.504 | 1 191 818.23 | 0.04 |
| 2.375 % Thermo Fisher Scientific, Inc. 2020/2032 ........  | EUR | 3 440 000 | 3 440 000 |  | % | 114.416 | 3 935 927.60 | 0.15 |
| 1.994 % Total Capital International SA (MTN) 2020/2032 ...  | EUR | 5 900 000 | 5 900 000 |  | % | 113.086 | 6 672 103.50 | 0.25 |
| 0.25  % Toyota Finance Australia Ltd (MTN) 2019/2024 ...  | EUR | 6 500 000 |  |  | % | 99.924 | 6 495 092.50 | 0.24 |
| 1.50  % Transmission Finance DAC (MTN) 2016/2023 ....  | EUR | 4 707 000 |  |  | % | 103.411 | 4 867 555.77 | 0.18 |
| 1.875 % Transurban Finance Co., Pty Ltd (MTN) |  |  |  |  |  |  |  |  |
| 2014/2024 ** .............................  | EUR | 5 000 000 |  |  | % | 103.97 | 5 198 500.00 | 0.19 |
| 1.701 % Transurban Finance Co., Pty Ltd (MTN) 2019/2034 | EUR | 2 440 000 |  |  | % | 91.707 | 2 237 650.80 | 0.08 |
| 4.75  % UBS AG (MTN) 2014/2026 *..................  | EUR | 4 227 000 |  |  | % | 102.111 | 4 316 231.97 | 0.16 |
| 1.25  % UniCredit SpA (MTN) 2019/2025 * .............  | EUR | 5 280 000 |  |  | % | 100.088 | 5 284 646.40 | 0.20 |
| 3.875 % UniCredit SpA (MTN) 2020/perpetual * ** .......  | EUR | 5 000 000 | 16 240 000 | 11 240 000 | % | 74.388 | 3 719 400.00 | 0.14 |
| 1.75  % Unilever NV (MTN) 2020/2030 ................  | EUR | 3 690 000 | 3 690 000 |  | % | 113.791 | 4 198 887.90 | 0.16 |
| 1.50  % Unilever PLC 2019/2039 .....................  | EUR | 2 670 000 | 2 670 000 |  | % | 114.002 | 3 043 853.40 | 0.11 |
| 1.50  % Unione di Banche Italiane SpA (MTN) 2019/2024..  | EUR | 5 500 000 |  |  | % | 101.567 | 5 586 185.00 | 0.21 |
| 6.875 % UNIQA Insurance Group AG (MTN) 2013/2043 * ..  | EUR | 4 400 000 | 4 400 000 |  | % | 111.966 | 4 926 526.00 | 0.18 |
| 1.362 % Upjohn Finance BV (MTN) 2020/2027...........  | EUR | 7 890 000 | 7 890 000 |  | % | 100.956 | 7 965 467.85 | 0.30 |
| 1.908 % Upjohn Finance BV 2020/2032 ................  | EUR | 8 360 000 | 8 360 000 |  | % | 101.801 | 8 510 563.60 | 0.32 |
| 2.375 % Urenco Finance NV (MTN) 2014/2024 ..........  | EUR | 4 707 000 |  |  | % | 105.442 | 4 963 154.94 | 0.19 |
| 1.25  % Veolia Environnement SA (MTN) 2020/2028 ** ...  | EUR | 4 500 000 | 4 500 000 |  | % | 105.347 | 4 740 615.00 | 0.18 |
| 0.875 % Verizon Communications, Inc. (MTN) 2019/2027 ..  | EUR | 9 320 000 |  |  | % | 101.491 | 9 458 961.20 | 0.35 |
| 2.875 % Verizon Communications, Inc. 2017/2038........  | EUR | 5 000 000 | 1 500 000 |  | % | 120.99 | 6 049 525.00 | 0.23 |
| 1.50  % Verizon Communications, Inc. 2019/2039........  | EUR | 5 000 000 |  |  | % | 98.262 | 4 913 075.00 | 0.18 |
| 1.125 % Vicinity Centres Trust (MTN) 2019/2029 .........  | EUR | 5 500 000 |  |  | % | 92.854 | 5 106 997.50 | 0.19 |
| 5.50  % Vienna Insurance Group AG Wiener Versicherung |  |  |  |  |  |  |  |  |
| Gruppe 2013/2043 * ........................  | EUR | 2 800 000 |  |  | % | 111.14 | 3 111 920.00 | 0.12 |
| 2.50  % Vodafone Group PLC (MTN) 2019/2039 .........  | EUR | 3 945 000 | 3 945 000 |  | % | 111.101 | 4 382 934.45 | 0.16 |
| 1.25  % Volkswagen Bank GmbH (MTN) 2018/2024 ......  | EUR | 5 000 000 |  |  | % | 100.112 | 5 005 600.00 | 0.19 |
| 0.375 % Volkswagen Financial Services AG (MTN) |  |  |  |  |  |  |  |  |
| 2018/2021 ................................  | EUR | 3 361 000 |  |  | % | 99.584 | 3 347 018.24 | 0.13 |
| 3.00 % Volkswagen Financial Services AG (MTN) |  |  |  |  |  |  |  |  |
| 2020/2025 ................................  | EUR | 6 000 000 | 6 000 000 | % | 107.066 | 6 423 930.00 | 0.24 |
| 3.375 % Volkswagen Financial Services AG (MTN) |  |  |  |  |  |  |  |  |
| 2020/2028 ................................  | EUR | 10 000 000 | 10 000 000 | % | 112.009 | 11 200 900.00 | 0.42 |
| 3.75  % Volkswagen International Finance NV 2014/2049 * | EUR | 4 400 000 | 4 400 000 | % | 100.948 | 4 441 734.00 | 0.17 |
| 2.50  % Volkswagen International Finance NV |  |  |  |  |  |  |  |
| 2015/2049 * ** ............................  | EUR | 2 824 000 |  | % | 98.304 | 2 776 119.08 | 0.10 |
| 3.375 % Volkswagen International Finance NV 2018/ |  |  |  |  |  |  |  |  |
| perpetual * ...............................  | EUR | 5 000 000 | 5 000 000 | % | 99.253 | 4 962 650.00 | 0.19 |
| 3.50  % Volkswagen International Finance NV 2020/ |  |  |  |  |  |  |  |  |
| perpetual * ...............................  | EUR | 14 000 000 | 14 000 000 |  | % | 98.812 | 13 833 750.00 | 0.52 |
| 0.071 % Volkswagen Leasing GmbH (MTN) 2017/2021 * ** | EUR | 4 400 000 |  |  | % | 99.296 | 4 369 024.00 | 0.16 |
| 1.125 % Volkswagen Leasing GmbH (MTN) 2017/2024 ....  | EUR | 5 435 000 |  |  | % | 99.713 | 5 419 401.55 | 0.20 |
| 0.50  % Volkswagen Leasing GmbH (MTN) 2019/2022 ....  | EUR | 4 000 000 | 4 000 000 |  | % | 98.982 | 3 959 280.00 | 0.15 |
| 1.80  % Vonovia Finance BV (MTN) 2019/2025 ** .......  | EUR | 3 300 000 |  |  | % | 106.229 | 3 505 557.00 | 0.13 |
| 0.625 % Vonovia Finance BV (MTN) 2019/2027 ..........  | EUR | 3 700 000 | 3 500 000 | 5 800 000 | % | 99.068 | 3 665 534.50 | 0.14 |
| 0.125 % Vonovia Finance BV 2019/2023................  | EUR | 5 400 000 |  |  | % | 99.399 | 5 367 546.00 | 0.20 |
| 0.101 % Wells Fargo & Co. (MTN) 2017/2022 *..........  | EUR | 5 000 000 |  | 4 415 000 | % | 99.907 | 4 995 350.00 | 0.19 |
| 0.50  % Wells Fargo & Co. (MTN) 2019/2024 ...........  | EUR | 8 640 000 |  |  | % | 99.454 | 8 592 782.40 | 0.32 |
| 0.625 % Wells Fargo & Co. (MTN) 2020/2030 ...........  | EUR | 5 000 000 | 9 670 000 | 4 670 000 | % | 94.888 | 4 744 400.00 | 0.18 |
| 0.84  % Wintershall Dea Finance BV (MTN) 2019/2025....  | EUR | 9 000 000 |  |  | % | 95.138 | 8 562 465.00 | 0.32 |
| 1.823 % Wintershall Dea Finance BV 2019/2031 .........  | EUR | 2 000 000 |  | 3 000 000 | % | 94.08 | 1 881 590.00 | 0.07 |
| 1.414 % Zimmer Biomet Holdings, Inc. (MTN) 2016/2022 ..  | EUR | 7 061 000 |  |  | % | 100.388 | 7 088 396.68 | 0.27 |
| 1.164 % Zimmer Biomet Holdings, Inc. (MTN) 2019/2027 ..  | EUR | 4 500 000 |  |  | % | 97.832 | 4 402 462.50 | 0.16 |
| 2.625 % Zuercher Kantonalbank 2015/2027 *............  | EUR | 4 707 000 |  |  | % | 102.416 | 4 820 744.66 | 0.18 |
| 4.25  % BP Capital Markets PLC 2020/perpetual * .......  | GBP | 10 330 000 | 10 330 000 |  | % | 100.779 | 11 425 283.13 | 0.43 |

| Security name | Count/ units/ currency | Quantity/ principal amount | Purchases/ additions in the | Sales/ disposals reporting period | Currency | Market price | Total market value in EUR | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 3.75  % Legal & General Group PLC (MTN) 2019/2049 * ..  | GBP | 5 560 000 |  |  | % | 98.574 | 6 015 004.82 | 0.23 |
| 4.875 % Boeing Co./The (MTN) 2020/2025..............  | USD | 14 733 000 | 14 733 000 |  | % | 109.425 | 14 384 645.66 | 0.54 |
| 5.15  % Boeing Co./The (MTN) 2020/2030..............  | USD | 7 000 000 | 22 000 000 | 15 000 000 | % | 111.44 | 6 960 310.58 | 0.26 |
| 8.125 % Credit Agricole SA -Reg- 2016/2049 * ..........  | USD | 4 707 000 |  |  | % | 114.489 | 4 808 386.67 | 0.18 |
| 8.50  % Ford Motor Co. 2020/2023 ...................  | USD | 6 500 000 | 6 500 000 |  | % | 105.662 | 6 128 039.45 | 0.23 |
| 2.50  % Pacific Gas and Electric Co. 2020/2031 .........  3.571 % Santander UK Group Holdings PLC (MTN) 2017/2023 ................................  | USD USD | 4 800 000 2 680 000 | 4 800 000 |  | % % | 98.111 103.785 | 4 201 945.00 2 481 765.87 | 0.16 0.09 |
| 6.25  % Svenska Handelsbanken AB (MTN) 2019/ perpetual * ...............................  | USD | 4 000 000 |  |  | % | 105.484 | 3 764 766.15 | 0.14 |
| 6.80  % Transocean, Inc. 2007/2038 ..................  | USD | 5 649 000 |  |  | % | 27.742 | 1 398 276.12 | 0.05 |
| 5.125 % UBS AG (MTN) 2014/2024 ...................  | USD | 3 766 000 |  |  | % | 108.798 | 3 655 902.86 | 0.14 |
| 6.875 % Wanda Properties Overseas Ltd 2020/2023 ......  | USD | 1 500 000 | 5 390 000 | 3 890 000 | % | 95.316 | 1 275 699.81 | 0.05 |
| Securities admitted to or included in organized markets |  |  |  |  |  |  | 101 430 251.75 | 3.81 |
| Interest-bearing securities 1.50  % AbbVie, Inc. -Reg- 2020/2023 ** ..............  | EUR | 3 500 000 | 3 500 000 |  | % | 103.357 | 3 617 495.00 | 0.14 |
| 1.80  % AT&T Inc. (MTN) 2018/2026 ** ...............  | EUR | 4 707 000 |  |  | % | 104.712 | 4 928 817.38 | 0.19 |
| 1.50  % Enexis Holding NV 2015/2023.................  | EUR | 2 147 000 |  |  | % | 104.518 | 2 244 012.20 | 0.08 |
| 3.375 % Glencore Finance Europe SA (MTN) 2013/2020 ...  | EUR | 2 824 000 |  |  | % | 100.499 | 2 838 091.76 | 0.11 |
| 0.625 % Illinois Tool Works, Inc. (MTN) 2019/2027 .......  | EUR | 7 000 000 |  | 4 530 000 | % | 100.846 | 7 059 255.00 | 0.26 |
| 1.50  % JPMorgan Chase & Co. 2015/2022.............  | EUR | 4 707 000 |  |  | % | 103.024 | 4 849 363.22 | 0.18 |
| 2.875 % Landesbank Baden-Wuerttemberg 2014/2026 * ** | EUR | 3 766 000 |  |  | % | 98.304 | 3 702 109.81 | 0.14 |
| 3.25  % Logicor Financing (MTN) 2018/2028 ............  | EUR | 5 000 000 |  |  | % | 109.51 | 5 475 475.00 | 0.21 |
| 2.50  % Skandinaviska Enskilda Banken AB 2014/2026 * ..  | EUR | 3 766 000 |  |  | % | 100.927 | 3 800 910.82 | 0.14 |
| 3.25  % Stedin Holding NV 2014/2049 * ...............  | EUR | 4 378 000 |  |  | % | 101.396 | 4 439 094.99 | 0.17 |
| 3.10  % Vodafone Group PLC 2018/2079 * .............  | EUR | 3 000 000 | 6 000 000 | 3 000 000 | % | 100.309 | 3 009 270.00 | 0.11 |
| 1.50  % Wells Fargo & Co. (MTN) 2015/2022 ...........  | EUR | 2 210 000 |  |  | % | 102.414 | 2 263 349.40 | 0.09 |
| 3.20  % AbbVie, Inc. -144A- (MTN) 2019/2029 ..........  | USD | 6 400 000 |  |  | % | 109.638 | 6 260 838.52 | 0.24 |
| 4.25  % AbbVie, Inc. -144A- 2019/2049 ................  | USD | 5 000 000 |  | 3 390 000 | % | 121.344 | 5 413 542.18 | 0.20 |
| 3.80  % BNP Paribas SA -Reg- (MTN) 2017/2024 ........  | USD | 5 000 000 | 5 000 000 |  | % | 108.14 | 4 824 449.82 | 0.18 |
| 3.377 % Carrier Global Corp. -144A- 2020/2040 ..........  6.484 % Charter Communications Operating LLC Via Charter Communications Operating Capital 2016/2045....  | USD USD | 6 470 000 11 000 000 | 6 470 000 11 000 000 |  | % % | 97.382 133.591 | 5 621 787.10 13 111 769.63 | 0.21 0.49 |
| 3.75  % Credit Agricole SA/London -144A- (MTN) 2018/2023 | USD | 5 000 000 | 5 000 000 |  | % | 107.17 | 4 781 175.21 | 0.18 |
| 4.42  % Dell International LLC -144A- (MTN) 2016/2021 ...  | USD | 6 082 000 |  |  | % | 102.872 | 5 582 580.87 | 0.21 |
| 3.20  % Mars, Inc. -144A- 2019/2030..................  | USD | 5 020 000 |  |  | % | 114.374 | 5 122 977.53 | 0.19 |
| 5.625 % Transcanada Trust 2015/2075 * ...............  | USD | 2 824 000 |  |  | % | 98.577 | 2 483 886.31 | 0.09 |
| Unlisted securities |  |  |  |  |  |  | 4 335 722.10 | 0.16 |
| Interest-bearing securities 1.25  % AbbVie, Inc. -Reg- 2020/2024 .................  | EUR | 4 237 000 | 4 237 000 |  | % | 102.33 | 4 335 722.10 | 0.16 |
| Investment fund units |  |  |  |  |  |  | 69 527 573.31 | 2.60 |
| In-group fund units DWS Invest SICAV - Corporate Hybrid Bonds -FC- EUR - (0.600%) ................................  | Units | 100 000 |  |  | EUR | 119.48 | 11 948 000.00 | 0.45 |
| DWS Invest SICAV - DWS Invest ESG USD Corporate Bonds -XCH- EUR (hedged) - (0.200%) .......................  | Units | 35 000 |  |  | EUR | 120.7 | 4 224 500.00 | 0.16 |
| DWS Invest SICAV - DWS Invest Macro Bonds I -FC- EUR - (0.740%) .........................................  | Units | 210 000 |  |  | EUR | 100 | 21 000 000.00 | 0.79 |
| DWS Invest SICAV - Emerging Markets Corporates -FCH- EUR (hedged) - (0.600%) ............................  | Units | 50 000 |  |  | EUR | 142.7 | 7 135 000.00 | 0.27 |
| DWS Invest SICAV - ESG Global Corporate Bonds -ID- EUR - (0.400%) .........................................  | Units | 120 229 |  |  | EUR | 101.22 | 12 169 573.31 | 0.45 |
| DWS Invest SICAV - Financial Hybrid Bonds -I- EUR - (0.600%) | Units | 100 000 |  |  | EUR | 96.8 | 9 680 000.00 | 0.36 |
| DWS Invest SICAV - I Multi Credit -FCH- EUR - (0.600%) ...  | Units | 30 000 |  |  | EUR | 112.35 | 3 370 500.00 | 0.12 |
| Total securities portfolio |  |  |  |  |  |  | 2 611 790 431.23 | 97.91 |
| Derivatives (Minus signs denote short positions) |  |  |  |  |  |  |  |  |
| Interest rate derivatives Receivables/payables |  |  |  |  |  |  | -1 559 103.41 | -0.07 |
| Interest rate futures Euro Buxl Futures 09/2020 (DB) .......................  | Count | -248 |  | 248 |  |  | -1 569 719.30 | -0.06 |
| Euro SCHATZ Futures 09/2020 (MS) ...................  | Count | 1 300 | 1 300 |  |  |  | 136 500.00 | 0.00 |
| Germany Federal Republic Bonds 5 year 09/2020 (MS) .....  | Count | 279 | 279 |  |  |  | 169 250.00 | 0.00 |
| Germany Federal Republic Notes 10 year 09/2020 (MS) ....  | Count | 62 | 62 |  |  |  | 119 040.00 | 0.00 |
| UK Treasury Notes 09/2020 (MS) ......................  | Count | -60 |  | 60 |  |  | -23 705.57 | 0.00 |
| US Treasury Notes 5 year Futures 09/2020 (MS) ..........  | Count | -245 |  | 245 |  |  | -81 976.60 | 0.00 |
| US Treasury Notes 30 year Futures 09/2020 (MS) .........  | Count | -65 |  | 65 |  |  | -179 393.07 | -0.01 |
| US Ultra Bond 09/2020 (DB) ..........................  | Count | -70 |  | 70 |  |  | -129 098.87 | 0.00 |

| Count/ Security name	units/ | Quantity/ principal | Purchases/ additions | Sales/ disposals | Currency | Market price | Total market value in | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  | currency | amount | in the reporting period | EUR |  |
| Currency derivatives Receivables/payables |  |  |  | -67 667.42 | 0.00 |
| Forward currency transactions |  |  |  |  |  |
| Forward currency transactions (long) |  |  |  |  |  |
| Open positions CHF/EUR 0.1 million ................................  |  |  |  | 295.62 | 0.00 |
| SEK/EUR 0.1 million ................................  |  |  |  | 43.73 | 0.00 |
| Closed positions GBP/EUR 0.1 million ................................  |  |  |  | -194.86 | 0.00 |
| USD/EUR 0.1 million ................................  |  |  |  | 52.08 | 0.00 |
| Forward currency transactions (short) |  |  |  |  |  |
| Open positions EUR/GBP 15.8 million ...............................  |  |  |  | 106 868.98 | 0.01 |
| EUR/USD 123.8 million ..............................  |  |  |  | -174 732.97 | -0.01 |
| Swaps Receivables/payables |  |  |  | 2 323 580.50 | 0.09 |
| Credit default swaps |  |  |  |  |  |
| Protection seller iTraxx Europe Crossover / 5% / 20/06/2025 (OTC) (DB) .....  | Count | 50 000 000 |  | 2 323 580.50 | 0.09 |
| Cash at bank |  |  |  | 69 905 455.75 | 2.62 |
| Demand deposits at Depositary EUR deposits......................................  | EUR |  |  | 68 458 603.61 | 2.56 |
| Deposits in other EU/EEA currencies |  |  |  |  |  |
| British pound .....................................  | GBP | 124 889 |  | 137 063.46 | 0.01 |
| Deposits in non-EU/EEA currencies |  |  |  |  |  |
| Swiss franc .......................................  | CHF | 682 |  | 640.92 | 0.00 |
| U.S. dollar ........................................  | USD | 1 467 227 |  | 1 309 147.76 | 0.05 |
| Other assets |  |  |  | 21 758 124.24 | 0.82 |
| Prepaid placement fee *** ...........................  |  |  |  | 164 748.39 | 0.01 |
| Interest receivable .................................  |  |  |  | 14 086 608.25 | 0.53 |
| Other receivables ..................................  |  |  |  | 7 506 767.60 | 0.28 |
| Receivables from share certificate transactions |  |  |  | 9 557 024.86 | 0.36 |
| Total assets **** |  |  |  | 2 715 866 666.99 | 101.81 |
| Other liabilities |  |  |  | -44 291 928.58 | -1.66 |
| Liabilities from cost items ............................  |  |  |  | -44 291 928.58 | -1.66 |
| Liabilities from share certificate transactions |  |  |  | -1 890 850.37 | -0.07 |
| Total liabilities |  |  |  | -48 341 600.19 | -1.81 |
| Net assets |  |  |  | 2 667 525 066.80 | 100.00 |

Negligible rounding errors may have arisen due to the rounding of calculated percentages.
A list of the transactions completed during the reporting period that no longer appear in the investment portfolio is available free of charge from the Management Company upon request.
| Net asset value per share and number of shares outstanding | Count/ currency | Net asset value per share in the respective currency |
| --- | --- | --- |
| Net asset value per share Class CHF FCH ....................................  | CHF | 104.95 |
| Class FC .........................................  | EUR | 171.91 |
| Class FC10 .......................................  | EUR | 105.06 |
| Class IC ..........................................  | EUR | 117.04 |
| Class IC100 .......................................  | EUR | 107.42 |
| Class ID100 .......................................  | EUR | 102.93 |
| Class LC .........................................  | EUR | 164.97 |
| Class LD .........................................  | EUR | 125.30 |
| Class NC .........................................  | EUR | 156.81 |
| Class NDQ........................................  | EUR | 97.90 |
| Class PFC ........................................  | EUR | 109.96 |
| Class PFDQ .......................................  | EUR | 97.85 |
| Class TFC ........................................  | EUR | 103.61 |
| Class TFD ........................................  | EUR | 100.68 |
| Class GBP CH RD ..................................  | GBP | 116.97 |
| Class SEK LCH ....................................  | SEK | 1 103.15 |
| Class USD FCH ....................................  | USD | 116.63 |
| Number of shares outstanding Class CHF FCH ....................................  | Count | 570.000 |
| Class FC .........................................  | Count | 2 489 293.574 |
| Class FC10 .......................................  | Count | 101.000 |
| Class IC ..........................................  | Count | 4 915 545.000 |
| Class IC100 .......................................  | Count | 8 537 993.000 |
| Class ID100 .......................................  | Count | 271 722.000 |
| Class LC .........................................  | Count | 2 266 027.522 |
| Class LD .........................................  | Count | 1 544 134.283 |
| Class NC .........................................  | Count | 279 053.096 |
| Class NDQ........................................  | Count | 51 943.000 |
| Class PFC ........................................  | Count | 83 471.000 |
| Class PFDQ .......................................  | Count | 63 912.000 |
| Class TFC ........................................  | Count | 831 870.000 |
| Class TFD ........................................  | Count | 11 570.000 |
| Class GBP CH RD ..................................  | Count | 1 130.000 |
| Class SEK LCH ....................................  | Count | 98.000 |
| Class USD FCH ....................................  | Count | 115.000 |

Composition of the reference portfolio (according to CSSF circular 11/512) iBoxx EUR Corporates
Market risk exposure (value-at-risk) (according to CSSF circular 11/512)
| Lowest market risk exposure .........................  | % | 88.065 |
| --- | --- | --- |
| Highest market risk exposure .........................  | % | 162.154 |
| Average market risk exposure ........................  | % | 123.110 |

The values-at-risk were calculated for the period from January 1, 2020, through June 30, 2020, using historical simulation with a 99% confidence level, a 10-day holding period and an effective historical observation period of one year. The risk in a reference portfolio that does not contain derivatives is used as the measurement benchmark. Market risk is the risk to the fund’s assets arising from an unfavorable change in market prices. The Company determines the potential market risk by means of the relative value-at-risk approachas defined in CSSF circular 11/512.
In the reporting period, the average leverage effect from the use of derivatives was 0.2, whereby the total of the nominal amounts of the derivatives in relation to the fund’s assets was used for the calculation (sum-of-notional approach).
The gross exposure generated via derivatives pursuant to point 40 a) of the “Guidelines on ETFs and other UCITS issues” of the European Securities and Markets Authority (ESMA) totaled EUR 501 504 165.59 as of the reporting date. Does not include any forward currency transactions entered into for currency hedging purposes at the level of the share classes.
 Market abbreviations	 Futures exchanges
DB = Deutsche Bank AG
MS = Morgan Stanley Bank AG
Contracting parties for derivatives (with the exception of forward currency transactions)
DB = Deutsche Bank AG Frankfurt
Contracting parties for forward currency transactions
Bofa Securities Europe, Deutsche Bank AG, Goldman Sachs International, Morgan Stanley Europe and State Street Bank London

####  Securities lending	
| Security name | Currency/ quantity/ principal amount | Fixed maturity | Securities loans Total market value in EUR No fixed maturity | Total |
| --- | --- | --- | --- | --- |
| 4.25  % Aareal Bank AG 2014/2026 * ................  | EUR | 3 400 000 | 3 185 001.00 |  |
| 1.5	% AbbVie, Inc. -Reg- 2020/2023 ................  | EUR | 200 000 | 206 714.00 |  |
| 0.625 % Abertis Infraestructuras SA (MTN) 2019/2025 **. | EUR | 500 000 | 472 960.00 |  |
| 2	% Airbus SE (MTN) 2020/2028 .................  | EUR | 100 000 | 105 794.50 |  |
| 1.95  % Airbus SE (MTN) 2020/2028 .................  | EUR | 500 000 | 527 930.00 |  |
| 1	% Aroundtown SA (MTN) 2017/2025 ............  | EUR | 1 600 000 | 1 596 576.00 |  |
| 2.125 % Aroundtown SA 2018/perpetual *.............  | EUR | 4 100 000 | 3 809 371.50 |  |
| 5.125 % ASR Nederland NV 2015/2045 *..............  | EUR | 1 000 000 | 1 136 345.00 |  |
| 1.8	% AT&T Inc. (MTN) 2018/2026 .................  | EUR | 500 000 | 523 562.50 |  |
| 3.55  % AT&T, Inc. 2012/2032 ** ...................  | EUR | 500 000 | 602 702.50 |  |
| 3.125 % Aurizon Network Pty Ltd (MTN) 2016/2026 **...  | EUR | 600 000 | 663 027.00 |  |
| 1	% Banco Bilbao Vizcaya Argentaria SA (MTN) 2020/2030 * | EUR | 600 000 | 564 480.00 |  |
| 3.871 % Banco Comercial Portugues SA (MTN) 2019/2030 * | EUR | 3 100 000 | 2 884 395.00 |  |
| 1.125 % Banco Santander SA (MTN) 2018/2025 ........  | EUR | 1 600 000 | 1 623 840.00 |  |
| 0.875 % Bankinter SA (MTN) 2019/2024 ..............  | EUR | 500 000 | 506 845.00 |  |
| 1.5	% Bayer Capital Corp. BV (MTN) 2018/2026 .......  | EUR | 1 600 000 | 1 685 736.00 |  |
| 0.5	% BPCE SA (MTN) 2019/2027 .................  | EUR | 2 600 000 | 2 556 736.00 |  |
| 1	% Carnival PLC (MTN) 2019/2029 ...............  | EUR | 313 000 | 166 217.09 |  |
| 0.875 % Covestro AG (MTN) 2020/2026...............  | EUR | 1 800 000 | 1 797 588.00 |  |
| 4.25 % Credit Agricole Assurances SA 2015/2049 * ....  | EUR | 1 400 000 | 1 506 204.00 |  |
| 3.25  % Credit Suisse Group AG (MTN) 2020/2026 * ....  | EUR | 500 000 | 554 225.00 |  |
| 2.625 % Daimler AG (MTN) 2020/2025................  | EUR | 500 000 | 532 980.00 |  |
| 1.625 % Danske Bank A/S (MTN) 2019/2024 ...........  | EUR | 1 100 000 | 1 128 605.50 |  |
| 1.25  % Deutsche Bank AG (MTN) 2014/2021..........  | EUR | 500 000 | 501 305.00 |  |
| 1.5	% Deutsche Bank AG (MTN) 2017/2022..........  | EUR | 600 000 | 602 991.00 |  |
| 1.25  % Deutsche Boerse AG 2020/2047 * ............  | EUR | 4 400 000 | 4 397 470.00 |  |
| 0.5	% Dow Chemical Co./The (MTN) 2020/2027 ......  | EUR | 1 000 000 | 949 135.00 |  |
| 1.125 % Dow Chemical Co./The 2020/2032 ............  | EUR | 500 000 | 458 422.50 |  |
| 2.75  % Electricite de France SA (MTN) 2012/2023 ......  | EUR | 1 100 000 | 1 175 927.50 |  |
| 3.75  % ELM BV for Firmenich International SA 2020/ |  |  |  |  |
| perpetual * ..............................  | EUR | 2 700 000 | 2 778 894.00 |  |
| 2.75  % Emirates Telecommunications Group Co. PJSC |  |  |  |  |

The following securities were transferred under securities loans at the reporting date:
| (MTN) 2014/2026 .........................  | EUR | 100 000 | 111 226.00 |  |
| --- | --- | --- | --- | --- |
| 1.75  % Engie SA (MTN) 2020/2028..................  | EUR | 3 000 000 | 3 253 860.00 |  |
| 2.125 % Engie SA (MTN) 2020/2032..................  | EUR | 500 000 | 575 395.00 |  |
| 2.045 % EP Infrastructure AS (MTN) 2019/2028. . . . . . . . . | EUR | 900 000 | 875 583.00 |  |
| 2.124 % Ferrovial Netherlands BV 2017/perpetual *. . . . . . 1.375 % Goodman Australia Finance Pty Ltd -Reg- (MTN) 2017/2025 ...............................  | EUR EUR | 1 500 000 2 150 000 | 1 411 297.50 2 152 322.00 |  |
| 3.248 % Heimstaden Bostad AB 2019/perpetual *.......  | EUR | 2 700 000 | 2 586 775.50 |  |
| 1	% Hemso Fastighets AB (MTN) 2016/2026 .......  | EUR | 300 000 | 296 436.00 |  |
| 1.375 % HSBC France SA (MTN) 2018/2028 ...........  | EUR | 5 600 000 | 6 104 448.00 |  |
| 0.75  % Intesa Sanpaolo SpA (MTN) 2019/2024 ........  | EUR | 100 000 | 98 883.00 |  |
| 7	% Intesa Sanpaolo SpA 2016/2049 * ............  | EUR | 1 200 000 | 1 197 432.00 |  |
| 1.047 % JPMorgan Chase & Co. (MTN) 2019/2032 * ....  | EUR | 4 500 000 | 4 512 960.00 |  |
| 3.125 % La Poste SA 2018/perpetual * ...............  4	% Landesbank Baden-Wuerttemberg (MTN) 2019/ perpetual * ..............................  | EUR EUR | 2 000 000 800 000 | 2 062 910.00 685 428.00 |  |
| 2.875 % Landesbank Baden-Wuerttemberg 2014/2026 * . | EUR | 1 600 000 | 1 572 856.00 |  |
| 1.625 % Logicor Financing Sarl (MTN) 2019/2027 ** .....  | EUR | 3 200 000 | 3 229 344.00 |  |
| 1.5	% Mondi Finance PLC (MTN) 2016/2024 **.......  3.25 % Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 2018/2049 * ** ................  | EUR EUR | 1 200 000 500 000 | 1 233 702.00 572 470.00 |  |
| 1.25  % Naturgy Finance BV (MTN) 2016/2026 ** ......  | EUR | 500 000 | 522 715.00 |  |
| 0.625 % Nykredit Realkredit A/S (MTN) 2019/2025 ......  | EUR | 200 000 | 196 011.00 |  |
| 0.5	% PepsiCo, Inc. (MTN) 2020/2028 ..............  | EUR | 4 000 000 | 4 039 500.00 |  |
| 0.5	% Pernod Ricard SA (MTN) 2019/2027 ...........  | EUR | 500 000 | 500 157.50 |  |
| 0.875 % Pernod Ricard SA 2019/2031 ................  | EUR | 200 000 | 198 790.00 |  |
| 2.875 % Rio Tinto Finance PLC (MTN) 2012/2024 .......  | EUR | 700 000 | 774 487.00 |  |
| 2.5	% Royal Bank of Scotland Group PLC (MTN) 2016/2023 | EUR | 750 000 | 781 428.75 |  |
| 1.125 % Ryanair DAC (MTN) 2015/2023 ...............  | EUR | 100 000 | 94 093.00 |  |
| 1.625 % SAP SE 2018/2031 ........................  | EUR | 3 100 000 | 3 486 833.50 |  |
| 3.125 % Sappi Papier Holding GmbH -Reg- (MTN) 2019/2026 | EUR | 2 000 000 | 1 717 910.00 |  |
| 0.5	% Société Générale SA (MTN) 2017/2023 ........  | EUR | 200 000 | 198 750.00 |  |
| 1.75  % SSE PLC (MTN) 2020/2030 ..................  | EUR | 1 100 000 | 1 154 488.50 |  |
| 6.5	% Stichting AK Rabobank Certificaten 2014/2049 ..  | EUR | 1 700 000 | 1 809 650.00 |  |
| 2.5	% Suez 2015/2049 * .........................  | EUR | 500 000 | 502 280.00 |  |
| 0.934 % Sumitomo Mitsui Financial Group, Inc. (MTN) 2017/2024 | EUR | 170 000 | 173 618.45 |  |
| 1	% Telstra Corp., Ltd (MTN) 2020/2030 ...........  | EUR | 2 800 000 | 2 890 944.00 |  |
| 1	% Terna Rete Elettrica Nazionale SpA (MTN) 2016/2028 | EUR | 1 300 000 | 1 346 345.00 |  |
| 1.875 % Transurban Finance Co., Pty Ltd (MTN) 2014/2024 | EUR | 200 000 | 207 940.00 |  |
| 3.875 % UniCredit SpA (MTN) 2020/perpetual *. . . . . . . . . | EUR | 2 000 000 | 1 487 760.00 |  |
| 1.25  % Veolia Environnement SA (MTN) 2020/2028. . . . . | EUR | 1 600 000 | 1 685 552.00 |  |
| 2.5	% Volkswagen International Finance NV 2015/2049 * | EUR | 1 000 000 | 983 045.00 |  |
| 0.114 % Volkswagen Leasing GmbH (MTN) 2017/2021 * . | EUR | 1 300 000 | 1 290 848.00 |  |
| 1.8	% Vonovia Finance BV (MTN) 2019/2025 .........  | EUR | 2 200 000 | 2 337 038.00 |  |
| Total receivables from securities loans |  |  | 100 115 493.29 | 100 115 493.29 |

Contracting parties for securities loans
BNP Paribas Arbitrage SNC, BNP Paribas S.A., Barclays Capital Securities Limited, Citigroup Global Markets Limited FI, Crédit Suisse Securities (Europe) Ltd. FI, Deutsche Bank AG FI, Goldman Sachs Int., HSBC Bank PLC FI, J.P. Morgan Sec Ltd., J.P. Morgan Securities plc (Fixed Income), Morgan Stanley Europe SE FI, RBC Europe Limited, Unicredit Bank AG
| Total collateral pledged by third parties for securities loans | EUR | 109 977 005.98 |
| --- | --- | --- |
| thereof: |  |  |
| Equities | EUR | 13 732 592.17 |
| Bonds | EUR | 96 244 413.81 |

 Exchange rates (indirect quotes)	
As of June 30, 2020
| Swiss franc	CHF | 1.064768 | = EUR | 1 |
| --- | --- | --- | --- |
| British pound	GBP | 0.911178 | = EUR | 1 |
| U.S. dollar	USD | 1.120750 | = EUR | 1 |

 Notes on valuation	
Under the responsibility of the Board of Directors of the SICAV, the Management Company determines the net asset values per share and performs the valuation of the assets of the fund. The basic provision of price data and price validation are performed in accordance with the method introduced by the Board of Directors of the SICAV on the basis of the legal and regulatory requirements or the principles for valuation methods defined in the SICAV’s prospectus.
If no trading prices are available, prices are determined with the aid of valuation models (derived market values) which are agreed between State Street Bank International GmbH, Luxembourg branch, as external price service provider and the Management Company and which are based as far as possible on market parameters. This procedure is subject to an ongoing monitoring process. The plausibility of price information from third parties is checked through other pricing sources, model calculations or other suitable procedure.
Assets reported in this report are not valued at derived market values.
The management fee / all-in fee rates in effect as of the reporting date for the investment fund units held in the securities portfolio are shown in parentheses. A plus sign means that a performance-based fee may also be charged. As the investment fund held units of other investment funds (target funds) in the reporting period, further costs, charges and fees may have been incurred at the level of these individual target funds.
 Footnotes	
* Floating interest rate.
** Some or all of these securities are lent.
*** The prepaid placement fee is amortized over a period of three years (as specified in article 12 (d) of the general section of the fund’s management regulations).
**** Does not include positions with a negative balance, if such exist.

Translation (ENDE, 2020-06-30):
# DWS Invest Euro Corporate Bonds
DWS INVEST EURO CORPORATE BONDS

### Wertentwicklung der Anteilklassen vs. Vergleichsindex (in EUR)
| Anteilklasse | ISIN | 6 Monate |
| --- | --- | --- |
| Klasse LC | LU0300357554 | -1,6% |
| Klasse FC | LU0300357802 | -1,5% |
| Klasse FC10 | LU1844096583 | -1,4% |
| Klasse IC | LU0982748476 | -1,3% |
| Klasse IC100 | LU1490674006 | -1,3% |
| Klasse ID100 | LU1633890295 | -1,3% |
| Klasse LD | LU0441433728 | -1,6% |
| Klasse NC | LU0300357638 | -1,8% |
| Klasse NDQ | LU1054330771 | -1,8% |
| Klasse PFC | LU1054330854 | -2,0% |
| Klasse PFDQ | LU1054330938 | -2,0% |
| Klasse TFC | LU1663872726 | -1,5% |
| Klasse TFD | LU1663874342 | -1,5% |
| Klasse CHF FCH 1) | LU0813333605 | -1,7% |
| Klasse GBP CH RD 2) | LU1322113371 | -1,3% |
| Klasse SEK LCH 3) | LU1322113611 | -1,5% |
| Klasse USD FCH 4) | LU0911036217 | -0,5% |
| iBoxx € Corporate |  | -1,2% |

1) 
in CHF
2) 
in GBP
3) 
in SEK
4) 
in USD
Wertentwicklung nach BVI-Methode, d. h. ohne Berücksichtigung des Ausgabeaufschlages.
Wertentwicklungen der Vergangenheit ermöglichen keine Prognose für die Zukunft.	Stand: 30.6.2020
DWS Invest Euro Corporate Bonds
| Vermögensübersicht zum 30.6.2020 |  |
| --- | --- |
|  | Bestand in EUR | %-Anteil am Fondsvermögen |
| I. Vermögensgegenstände |  |  |
| 1. Anleihen (Emittenten) Unternehmen | 2 542 262 857,92 | 95,31 |
| Summe Anleihen | 2 542 262 857,92 | 95,31 |
| 2. Investmentanteile Rentenfonds | 69 527 573,31 | 2,60 |
| Summe Investmentanteile | 69 527 573,31 | 2,60 |
| 3. Derivate | 696 809,67 | 0,02 |
| 4. Bankguthaben | 69 905 455,75 | 2,62 |
| 5. Sonstige Vermögensgegenstände | 21 758 124,24 | 0,82 |
| 6. Forderungen aus Anteilscheingeschäften | 9 557 024,86 | 0,36 |
| II. Verbindlichkeiten |  |  |
| 1. Sonstige Verbindlichkeiten | -44 291 928,58 | - 1,66 |
| 2. Verbindlichkeiten aus Anteilscheingeschäften | -1 890 850,37 | - 0,07 |
| III. Fondsvermögen | 2 667 525 066,80 | 100,00 |
| Durch Rundung der Prozentanteile bei der Berechnung können geringfügige Rundungsdifferenzen entstanden sein. |  |  |

| Vermögensaufstellung zum 30.6.2020 |  |
| --- | --- |
|  | Stück bzw. | Nominalbetrag | Käufe/ | Verkäufe/ | Währung | Kurs | Kurswert | %-Anteil am |
| Wertpapierbezeichnung | Anteile bzw. | bzw. | Zugänge | Abgänge |  |  | in | Fonds- |
| Währung	Bestand	im Berichtszeitraum	EUR	vermögen |

Börsengehandelte Wertpapiere	2 436 496 884,07	91,34
Verzinsliche Wertpapiere
| 4,25 | % Aareal Bank AG 2014/2026 * ** .............  | EUR | 4 237 000 |  |  | % | 93,676 | 3 969 073,31 | 0,15 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 7,625 | % Aareal Bank AG 2014/2049 * ................  | EUR | 3 800 000 |  |  | % | 93,943 | 3 569 834,00 | 0,13 |
| 0,875 | % Abbott Ireland Financing DAC (MTN) 2018/2023 | EUR | 5 000 000 |  | 3 009 000 | % | 102,402 | 5 120 100,00 | 0,19 |
| 0,50 | % AbbVie, Inc. -Reg- 2020/2021 ...............  | EUR | 4 491 000 | 4 491 000 |  | % | 100,015 | 4 491 673,65 | 0,17 |
| 1,50 | % Abertis Infraestructuras SA (MTN) 2019/2024 ...  | EUR | 4 300 000 |  |  | % | 99,633 | 4 284 219,00 | 0,16 |
| 0,625 | % Abertis Infraestructuras SA (MTN) 2019/2025 ...  | EUR | 6 700 000 |  |  | % | 94,592 | 6 337 664,00 | 0,24 |
| 1,125 | % Abertis Infraestructuras SA (MTN) 2019/2028 ...  | EUR | 9 800 000 |  |  | % | 91,438 | 8 960 924,00 | 0,34 |
| 7,125 | % ABN AMRO Bank NV (MTN) 2012/2022 .......  | EUR | 3 766 000 |  |  | % | 112,819 | 4 248 763,54 | 0,16 |
| 0,25 | % ABN AMRO Bank NV (MTN) 2018/2021 .......  | EUR | 4 000 000 |  |  | % | 100,37 | 4 014 800,00 | 0,15 |
| 0,875 | % ABN AMRO Bank NV (MTN) 2019/2024 .......  | EUR | 5 140 000 |  |  | % | 103,018 | 5 295 099,50 | 0,20 |
| 0,60 | % ABN AMRO Bank NV (MTN) 2020/2027 .......  | EUR | 3 400 000 | 8 400 000 | 5 000 000 | % | 98,796 | 3 359 047,00 | 0,13 |
| 1,25 | % Accor SA (MTN) 2017/2024 .................  | EUR | 8 000 000 | 8 000 000 |  | % | 96,084 | 7 686 680,00 | 0,29 |
| 1,75 | % ACEA SpA (MTN) 2019/2028 ................  | EUR | 2 330 000 | 2 330 000 |  | % | 106,276 | 2 476 242,45 | 0,09 |
| 1,125 | % Achmea Bank NV (MTN) 2015/2022 ..........  | EUR | 3 766 000 |  |  | % | 101,186 | 3 810 664,76 | 0,14 |
| 2,125 | % Aeroports de Paris (MTN) 2020/2026 .........  | EUR | 7 400 000 | 7 400 000 |  | % | 107,62 | 7 963 880,00 | 0,30 |
| 2,75 | % Aeroports de Paris (MTN) 2020/2030 .........  | EUR | 5 700 000 | 5 700 000 |  | % | 113,874 | 6 490 818,00 | 0,24 |
| 1,50 | % Aeroports de Paris 2020/2032 ...............  | EUR | 9 500 000 | 9 500 000 |  | % | 100,436 | 9 541 420,00 | 0,36 |
| 1,25 | % AIB Group PLC (MTN) 2019/2024 ............  | EUR | 5 000 000 |  |  | % | 100,088 | 5 004 425,00 | 0,19 |
| 6,25 | % AIB Group PLC 2020/perpetual * .............  | EUR | 3 970 000 | 3 970 000 |  | % | 99,57 | 3 952 948,85 | 0,15 |
| 2,00 | % Airbus SE (MTN) 2020/2028 ** ..............  | EUR | 7 000 000 | 9 530 000 | 2 530 000 | % | 105,794 | 7 405 615,00 | 0,28 |
| 2,375 | % Airbus SE (MTN) 2020/2032 ................  | EUR | 7 000 000 | 7 000 000 |  | % | 110,022 | 7 701 540,00 | 0,29 |
| 2,375 | % Airbus SE (MTN) 2020/2040 ................  | EUR | 3 060 000 | 3 060 000 |  | % | 103,98 | 3 181 788,00 | 0,12 |
| 1,50 | % Akelius Residential Property AB (MTN) 2016/2022 | EUR | 4 100 000 | 4 100 000 |  | % | 101,369 | 4 156 129,00 | 0,16 |
| 1,125 | % Akelius Residential Property AB (MTN) 2017/2024 | EUR | 6 000 000 |  |  | % | 99,54 | 5 972 370,00 | 0,22 |
| 3,875 | % Akelius Residential Property AB 2018/2078 * ...  | EUR | 3 766 000 |  |  | % | 100,696 | 3 792 211,36 | 0,14 |
| 1,625 | % Albemarle New Holding GmbH (MTN) 2019/2028 | EUR | 8 205 000 |  |  | % | 95,844 | 7 864 000,20 | 0,29 |
| 0,50 | % Allianz Finance II BV (MTN) 2020/2031 ........  | EUR | 9 300 000 | 9 300 000 |  | % | 101,099 | 9 402 207,00 | 0,35 |
| 0,25 | % Alstom SA (MTN) 2019/2026 ................  | EUR | 5 000 000 |  |  | % | 95,795 | 4 789 750,00 | 0,18 |
| 1,00 | % Altria Group, Inc. 2019/2023 ................  | EUR | 8 000 000 |  |  | % | 100,986 | 8 078 840,00 | 0,30 |
| 3,125 | % Altria Group, Inc. 2019/2031 ................  | EUR | 3 500 000 |  |  | % | 109,382 | 3 828 387,50 | 0,14 |
| 1,125 | % Amcor UK Finance PLC (MTN) 2020/2027 .....  | EUR | 8 110 000 | 8 110 000 |  | % | 101,09 | 8 198 399,00 | 0,31 |
| 1,50 | % America Movil SAB de CV (MTN) 2016/2024 ...  | EUR | 4 707 000 |  |  | % | 102,624 | 4 830 535,22 | 0,18 |
| 0,55 | % American Honda Finance Corp. (MTN) 2018/2023 | EUR | 6 647 000 |  |  | % | 100,132 | 6 655 774,04 | 0,25 |
| 1,95 | % American Honda Finance Corp. 2020/2024 ** ..  | EUR | 5 310 000 | 5 310 000 |  | % | 105,586 | 5 606 616,60 | 0,21 |
| 1,50 | % American International Group, Inc. (MTN) |  |  |  |  |  |  |  |  |
|  | 2016/2023 ..............................  | EUR | 3 766 000 |  |  | % | 103,052 | 3 880 919,49 | 0,15 |
| 1,875 | % American International Group, Inc. (MTN) |  |  |  |  |  |  |  |  |
|  | 2017/2027 ..............................  | EUR | 8 000 000 |  |  | % | 105,394 | 8 431 560,00 | 0,32 |
| 0,75 | % Amphenol Technologies Holding GmbH (MTN) |  |  |  |  |  |  |  |  |
|  | 2020/2026 ..............................  | EUR | 7 700 000 | 7 700 000 |  | % | 99,96 | 7 696 881,50 | 0,29 |
| 3,25 | % Anglo American Capital PLC (MTN) 2014/2023 ..  | EUR | 2 834 000 |  |  | % | 105,644 | 2 993 936,79 | 0,11 |
| 3,25 | % Anheuser-Busch InBev SA/NV (MTN) 2013/2033 | EUR | 4 050 000 | 4 050 000 |  | % | 118,969 | 4 818 244,50 | 0,18 |
| 2,00 | % Anheuser-Busch InBev SA/NV (MTN) 2018/2035 | EUR | 5 000 000 |  |  | % | 103,227 | 5 161 350,00 | 0,19 |
| 3,70 | % Anheuser-Busch InBev SA/NV 2020/2040 ......  | EUR | 9 250 000 | 9 250 000 |  | % | 122,108 | 11 294 990,00 | 0,42 |
| 0,50 | % Apple, Inc. 2019/2031 .....................  | EUR | 5 000 000 |  |  | % | 102,364 | 5 118 175,00 | 0,19 |
| 1,125 | % Argentum Netherlands BV for Givaudan SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2018/2025 ..............................  | EUR | 8 800 000 |  |  | % | 104,334 | 9 181 392,00 | 0,34 |
| 1,00 | % Aroundtown SA (MTN) 2017/2025 ** .........  | EUR | 4 000 000 |  |  | % | 99,786 | 3 991 440,00 | 0,15 |
| 2,125 | % Aroundtown SA 2018/perpetual * ** .........  | EUR | 4 100 000 |  |  | % | 92,912 | 3 809 371,50 | 0,14 |
| 0,321 | % Asahi Group Holdings Ltd 2017/2021 .........  | EUR | 5 903 000 |  |  | % | 99,6 | 5 879 358,49 | 0,22 |
| 5,125 | % ASR Nederland NV 2015/2045 * ** ..........  | EUR | 4 321 000 |  |  | % | 113,634 | 4 910 146,75 | 0,18 |
| 5,00 | % Assicurazioni Generali SpA (MTN) 2016/2048 * . | EUR | 4 500 000 | 4 500 000 |  | % | 111,999 | 5 039 955,00 | 0,19 |
| 1,45 | % AT&T, Inc. (MTN) 2014/2022 ................  | EUR | 5 000 000 | 5 000 000 |  | % | 101,818 | 5 090 875,00 | 0,19 |
| 3,55 | % AT&T, Inc. 2012/2032 .....................  | EUR | 7 000 000 |  |  | % | 120,54 | 8 437 835,00 | 0,32 |
| 3,375 | % AT&T, Inc. 2014/2034 .....................  | EUR | 5 000 000 |  |  | % | 119,515 | 5 975 750,00 | 0,22 |
| 1,80 | % AT&T, Inc. 2019/2039 .....................  | EUR | 7 000 000 | 7 000 000 |  | % | 94,33 | 6 603 065,00 | 0,25 |
| 2,60 | % AT&T, Inc. 2020/2038 .....................  | EUR | 5 730 000 | 5 730 000 |  | % | 106,271 | 6 089 328,30 | 0,23 |
| 3,75 | % ATF Netherlands BV 2016/2049 * ............  | EUR | 1 600 000 |  | 800 000 | % | 99,424 | 1 590 784,00 | 0,06 |
| 2,875 | % Auchan Holding SA (MTN) 2020/2026 .........  | EUR | 6 800 000 | 6 800 000 |  | % | 100,117 | 6 807 956,00 | 0,26 |
| 3,125 | % Aurizon Network Pty Ltd (MTN) 2016/2026 . . . . . | EUR | 2 260 000 |  |  | % | 110,504 | 2 497 401,70 | 0,09 |
| 0,625 | % Aviva PLC (MTN) 2016/2023 ................  | EUR | 3 620 000 |  |  | % | 101,202 | 3 663 530,50 | 0,14 |
| 1,75 | % Babcock International Group PLC (MTN) 2014/2022 | EUR | 4 000 000 |  |  | % | 101,203 | 4 048 120,00 | 0,15 |
| 1,375 | % Babcock International Group PLC (MTN) 2019/2027 | EUR | 6 420 000 |  |  | % | 95,875 | 6 155 175,00 | 0,23 |
| 1,00 | % Banco Bilbao Vizcaya Argentaria SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2020/2030 * ** ..........................  | EUR | 4 900 000 | 4 900 000 |  | % | 94,08 | 4 609 920,00 | 0,17 |
| 3,871 | % Banco Comercial Portugues SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2019/2030 * ** ..........................  | EUR | 8 000 000 |  |  | % | 93,045 | 7 443 600,00 | 0,28 |
| 1,75 | % Banco de Sabadell SA (MTN) 2020/2023 * .....  | EUR | 5 700 000 | 5 700 000 |  | % | 100,668 | 5 738 104,50 | 0,22 |
| 2,00 | % Banco de Sabadell SA (MTN) 2020/2030 * .....  | EUR | 5 000 000 | 15 700 000 | 10 700 000 | % | 84,406 | 4 220 300,00 | 0,16 |
| 1,125 | % Banco Santander SA (MTN) 2018/2025 ** .....  | EUR | 4 700 000 |  |  | % | 101,49 | 4 770 030,00 | 0,18 |
| 0,25 | % Banco Santander SA (MTN) 2019/2024 ........  | EUR | 7 200 000 |  |  | % | 99,888 | 7 191 972,00 | 0,27 |
| 0,30 | % Banco Santander SA (MTN) 2019/2026 ........  | EUR | 3 900 000 |  |  | % | 99,788 | 3 891 712,50 | 0,15 |
| 1,375 | % Banco Santander SA (MTN) 2020/2026 ........  | EUR | 4 800 000 | 4 800 000 |  | % | 101,783 | 4 885 584,00 | 0,18 |
| 4,75 | % Banco Santander SA 2018/perpetual * ........  | EUR | 5 000 000 | 5 000 000 |  | % | 90,6 | 4 530 025,00 | 0,17 |
| 0,75 | % Bank of America Corp. (MTN) 2016/2023 ......  | EUR | 3 110 000 |  |  | % | 101,15 | 3 145 749,45 | 0,12 |
| 1,379 | % Bank of America Corp. (MTN) 2017/2025 * .....  | EUR | 5 649 000 |  |  | % | 103,042 | 5 820 870,83 | 0,22 |
| 1,375 | % Bank of Ireland Group PLC (MTN) 2018/2023 ...  | EUR | 6 308 000 |  |  | % | 100,248 | 6 323 675,38 | 0,24 |

| Wertpapierbezeichnung | Stück bzw. Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Währung	Bestand	im Berichtszeitraum	EUR	vermögen |
| 0,75 | % Bankia SA (MTN) 2019/2026 ................  | EUR | 7 500 000 |  |  | % | 97,02 | 7 276 462,50 | 0,27 |
| 0,875 | % Bankinter SA (MTN) 2019/2024 ** ...........  | EUR | 4 400 000 |  |  | % | 101,369 | 4 460 236,00 | 0,17 |
| 1,25 | % Banque Federative du Credit Mutuel SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2017/2027 ..............................  | EUR | 3 800 000 |  |  | % | 107,178 | 4 072 783,00 | 0,15 |
| 0,50 | % Banque Federative du Credit Mutuel SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2018/2022 ..............................  | EUR | 4 100 000 |  |  | % | 101,01 | 4 141 410,00 | 0,16 |
| 0,75 | % Banque Federative du Credit Mutuel SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2019/2026 ..............................  | EUR | 7 100 000 |  |  | % | 102,608 | 7 285 203,50 | 0,27 |
| 1,75 | % Banque Federative du Credit Mutuel SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2019/2029 ..............................  | EUR | 3 000 000 |  |  | % | 108,976 | 3 269 265,00 | 0,12 |
| 1,25 | % Banque Federative du Credit Mutuel SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2020/2030 ..............................  | EUR | 5 300 000 | 5 300 000 |  | % | 103,01 | 5 459 556,50 | 0,20 |
| 1,875 | % Barclays PLC (MTN) 2016/2023 ..............  | EUR | 4 999 000 |  |  | % | 103,459 | 5 171 915,41 | 0,19 |
| 3,375 | % Barclays PLC (MTN) 2020/2025 * ............  | EUR | 5 730 000 | 5 730 000 |  | % | 107,435 | 6 156 025,50 | 0,23 |
| 0,25 | % BASF SE (MTN) 2020/2027 .................  | EUR | 2 000 000 | 2 000 000 |  | % | 100,628 | 2 012 570,00 | 0,08 |
| 2,375 | % BAT Netherlands Finance BV (MTN) 2020/2024 . | EUR | 8 480 000 | 8 480 000 |  | % | 105,821 | 8 973 620,80 | 0,34 |
| 1,50 | % Bayer Capital Corp. BV (MTN) 2018/2026 ** ...  | EUR | 7 900 000 |  |  | % | 105,358 | 8 323 321,50 | 0,31 |
| 1,401 | % Becton Dickinson and Co. (MTN) 2018/2023 ...  | EUR | 4 109 000 |  | 2 180 000 | % | 101,652 | 4 176 901,23 | 0,16 |
| 0,00 | % Belfius Bank SA (MTN) 2019/2026 ...........  | EUR | 6 800 000 |  |  | % | 97,046 | 6 599 094,00 | 0,25 |
| 3,625 | % Belfius Bank SA/NV 2018/perpetual * .........  | EUR | 4 600 000 |  |  | % | 87,056 | 4 004 599,00 | 0,15 |
| 4,75 | % BHP Billiton Finance Ltd 2015/2076 * .........  | EUR | 5 357 000 |  |  | % | 102,062 | 5 467 434,56 | 0,20 |
| 0,50 | % Blackstone Property Partners Europe Holdings Sarl |  |  |  |  |  |  |  |  |
|  | (MTN) 2019/2023 .........................  | EUR | 10 630 000 |  |  | % | 98,916 | 10 514 823,95 | 0,39 |
| 1,125 | % BNP Paribas SA (MTN) 2019/2024 ...........  | EUR | 4 800 000 |  |  | % | 102,236 | 4 907 328,00 | 0,18 |
| 2,125 | % BNP Paribas SA (MTN) 2019/2027 * ..........  | EUR | 3 200 000 |  |  | % | 107,159 | 3 429 088,00 | 0,13 |
| 1,125 | % BNP Paribas SA (MTN) 2020/2029 * ..........  | EUR | 6 400 000 | 6 400 000 |  | % | 101,32 | 6 484 512,00 | 0,24 |
| 0,50 | % BNZ International Funding Ltd/London (MTN) |  |  |  |  |  |  |  |  |
|  | 2017/2023 ..............................  | EUR | 6 684 000 |  |  | % | 100,752 | 6 734 297,10 | 0,25 |
| 0,625 | % Boston Scientific Corp. (MTN) 2019/2027 ......  | EUR | 6 000 000 | 5 230 000 | 4 730 000 | % | 98,984 | 5 939 010,00 | 0,22 |
| 3,625 | % BP Capital Markets PLC 2020/perpetual * . . . . . . | EUR | 7 780 000 | 7 780 000 |  | % | 100,539 | 7 821 934,20 | 0,29 |
| 3,25 | % BP Capital Markets PLC 2020/perpetual * . . . . . . | EUR | 7 590 000 | 7 590 000 |  | % | 100,5 | 7 627 987,95 | 0,29 |
| 0,625 | % BPCE SA (MTN) 2018/2023 .................  | EUR | 9 900 000 |  |  | % | 101,648 | 10 063 201,50 | 0,38 |
| 0,50 | % BPCE SA (MTN) 2019/2027 ** ..............  | EUR | 6 000 000 |  |  | % | 98,336 | 5 900 160,00 | 0,22 |
| 1,875 | % Brisa Concessao Rodoviaria SA (MTN) 2015/2025 | EUR | 3 600 000 |  |  | % | 102,998 | 3 707 910,00 | 0,14 |
| 2,00 | % Brisa Concessao Rodoviaria SA (MTN) 2016/2023 | EUR | 3 200 000 |  |  | % | 102,81 | 3 289 920,00 | 0,12 |
| 0,625 | % British Telecommunications PLC (MTN) 2016/2021 | EUR | 4 707 000 |  |  | % | 100,272 | 4 719 803,04 | 0,18 |
| 0,75 | % Cadent Finance PLC (MTN) 2020/2032 ........  | EUR | 4 270 000 | 4 270 000 |  | % | 98,201 | 4 193 182,70 | 0,16 |
| 0,625 | % CaixaBank SA (MTN) 2019/2024 .............  | EUR | 6 000 000 |  |  | % | 97,38 | 5 842 830,00 | 0,22 |
| 2,00 | % Capgemini SE (MTN) 2020/2029 .............  | EUR | 8 400 000 | 8 400 000 |  | % | 107,76 | 9 051 882,00 | 0,34 |
| 2,375 | % Capgemini SE 2020/2032 ...................  | EUR | 10 900 000 | 10 900 000 |  | % | 110,592 | 12 054 528,00 | 0,45 |
| 1,00 | % Carnival PLC (MTN) 2019/2029 ** ............  | EUR | 7 000 000 |  |  | % | 53,104 | 3 717 315,00 | 0,14 |
| 2,625 | % Carrefour SA (MTN) 2020/2027 ..............  | EUR | 4 900 000 | 4 900 000 |  | % | 112,164 | 5 496 060,50 | 0,21 |
| 1,00 | % Cheung Kong Infrastructure Finance BVI Ltd (MTN) |  |  |  |  |  |  |  |  |
|  | 2017/2024 ..............................  | EUR | 5 649 000 |  |  | % | 99,783 | 5 636 741,67 | 0,21 |
| 0,875 | % Chorus Ltd (MTN) 2019/2026 ...............  | EUR | 9 735 000 |  |  | % | 100,71 | 9 804 167,18 | 0,37 |
| 0,875 | % Chubb INA Holdings, Inc. (MTN) 2019/2027 ....  | EUR | 3 000 000 |  | 3 000 000 | % | 101,066 | 3 031 995,00 | 0,11 |
| 1,75 | % Citigroup, Inc. (MTN) 2015/2025 .............  | EUR | 3 766 000 |  |  | % | 105,966 | 3 990 698,39 | 0,15 |
| 0,75 | % Citigroup, Inc. (MTN) 2016/2023 .............  | EUR | 4 547 000 |  |  | % | 101,39 | 4 610 180,57 | 0,17 |
| 1,25 | % Citigroup, Inc. (MTN) 2020/2026 * ............  | EUR | 5 580 000 | 5 580 000 |  | % | 102,292 | 5 707 865,70 | 0,21 |
| 1,25 | % CK Hutchison Europe Finance 18 Ltd (MTN) |  |  |  |  |  |  |  |  |
|  | 2018/2025 ..............................  | EUR | 6 590 000 |  |  | % | 100,998 | 6 655 801,15 | 0,25 |
| 1,25 | % CK Hutchison Finance 16 Ltd (MTN) 2016/2023 . | EUR | 2 824 000 |  |  | % | 101,224 | 2 858 551,64 | 0,11 |
| 1,125 | % CK Hutchison Group Telecom Finance SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2019/2028 ..............................  | EUR | 2 320 000 |  | 5 180 000 | % | 98,882 | 2 294 074,00 | 0,09 |
| 0,375 | % CK Hutchison Group Telecom Finance SA |  |  |  |  |  |  |  |  |
|  | 2019/2023 ..............................  | EUR | 13 000 000 |  | 2 600 000 | % | 99,2 | 12 896 000,00 | 0,48 |
| 1,75 | % CNAC HK Finbridge Co., Ltd 2018/2022 .......  | EUR | 7 327 000 |  |  | % | 99,854 | 7 316 302,58 | 0,27 |
| 1,871 | % CNRC Capital Ltd (MTN) 2016/2021 ..........  | EUR | 7 150 000 |  |  | % | 100,502 | 7 185 928,75 | 0,27 |
| 0,875 | % Coentreprise de Transport d‘Electricite SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2017/2024 ..............................  | EUR | 5 100 000 |  |  | % | 102,75 | 5 240 250,00 | 0,20 |
| 0,75 | % Comcast Corp. 2020/2032 ..................  | EUR | 5 000 000 | 18 500 000 | 13 500 000 | % | 97,666 | 4 883 300,00 | 0,18 |
| 4,00 | % Commerzbank AG (MTN) 2017/2027 ..........  | EUR | 4 707 000 |  |  | % | 103,998 | 4 895 209,40 | 0,18 |
| 6,125 | % Commerzbank AG 2020/perpetual * ..........  | EUR | 7 600 000 | 7 600 000 |  | % | 95,285 | 7 241 660,00 | 0,27 |
| 2,125 | % Conti-Gummi Finance BV (MTN) 2020/2023 ....  | EUR | 6 950 000 | 6 950 000 |  | % | 103,253 | 7 176 083,50 | 0,27 |
| 0,75 | % Cooperatieve Rabobank UA (MTN) 2018/2023 ..  | EUR | 4 300 000 |  |  | % | 101,396 | 4 360 028,00 | 0,16 |
| 0,875 | % Covestro AG (MTN) 2020/2026 ** ...........  | EUR | 4 140 000 | 4 140 000 |  | % | 99,866 | 4 134 452,40 | 0,15 |
| 1,375 | % Covestro AG (MTN) 2020/2030 ..............  | EUR | 5 340 000 | 5 340 000 |  | % | 99,818 | 5 330 281,20 | 0,20 |
| 4,50 | % Credit Agricole Assurances SA 2014/2049 * ....  | EUR | 5 000 000 |  |  | % | 109,598 | 5 479 875,00 | 0,21 |
| 4,25 | % Credit Agricole Assurances SA 2015/2049 * ** . | EUR | 2 100 000 | 2 100 000 |  | % | 107,586 | 2 259 306,00 | 0,08 |
| 1,00 | % Credit Agricole SA (MTN) 2020/2026 * ........  | EUR | 7 900 000 | 7 900 000 |  | % | 101,022 | 7 980 698,50 | 0,30 |
| 1,625 | % Credit Agricole SA (MTN) 2020/2030 * ........  | EUR | 6 000 000 | 6 000 000 |  | % | 100,597 | 6 035 820,00 | 0,23 |
| 1,75 | % Credit Agricole SA/London (MTN) 2019/2029 ...  | EUR | 3 900 000 |  |  | % | 107,848 | 4 206 091,50 | 0,16 |
| 1,25 | % Credit Mutuel Arkea SA (MTN) 2020/2029 * ....  | EUR | 5 200 000 | 5 200 000 |  | % | 100,094 | 5 204 914,00 | 0,20 |
| 5,75 | % Crédit Suisse AG 2013/2025 * ...............  | EUR | 5 300 000 |  |  | % | 100,786 | 5 341 684,50 | 0,20 |
| 1,00 | % Crédit Suisse Group AG (MTN) 2019/2027 * ....  | EUR | 5 750 000 |  |  | % | 100,185 | 5 760 637,50 | 0,22 |
| 3,25 | % Credit Suisse Group AG (MTN) 2020/2026 * ** . | EUR | 2 690 000 | 2 690 000 |  | % | 110,845 | 2 981 730,50 | 0,11 |
| 1,25 | % CRH SMW Finance DAC (MTN) 2020/2026 ....  | EUR | 3 270 000 | 3 270 000 |  | % | 103,584 | 3 387 213,15 | 0,13 |
| 2,625 | % Daimler AG (MTN) 2020/2025 ** ............  | EUR | 8 704 000 | 8 704 000 |  | % | 106,596 | 9 278 115,84 | 0,35 |
| 0,25 | % Daimler International Finance BV (MTN) 2019/2023 | EUR | 12 250 000 |  |  | % | 97,59 | 11 954 775,00 | 0,45 |
| 1,625 | % Danske Bank A/S (MTN) 2019/2024 ** ........  | EUR | 4 690 000 |  |  | % | 102,6 | 4 811 963,45 | 0,18 |
| 0,125 | % Dassault Systemes (MTN) 2019/2026 .........  | EUR | 10 800 000 |  |  | % | 99,228 | 10 716 624,00 | 0,40 |
| 1,375 | % Deutsche Bahn Finance GmbH (MTN) 2020/2040 | EUR | 3 230 000 | 3 230 000 |  | % | 106,728 | 3 447 298,25 | 0,13 |
| 0,95 | % Deutsche Bahn Finance GMBH 2019/perpetual * | EUR | 5 200 000 |  |  | % | 96,585 | 5 022 420,00 | 0,19 |

| Wertpapierbezeichnung | Stück bzw. Anteile bzw. Währung | Nominalbetrag  Käufe/	Verkäufe/ bzw.	Zugänge	Abgänge Bestand	im Berichtszeitraum | Währung | Kurs | Kurswert in EUR | %-Anteil am Fonds- vermögen |
| --- | --- | --- | --- | --- | --- | --- |
| 1,25 | % Deutsche Bank AG (MTN) 2014/2021 ** ......  | EUR | 3 800 000 |  |  | % | 100,261 | 3 809 918,00 | 0,14 |
| 1,50 | % Deutsche Bank AG (MTN) 2017/2022 ** ......  | EUR | 5 600 000 |  |  | % | 100,498 | 5 627 916,00 | 0,21 |
| 0,375 | % Deutsche Bank AG (MTN) 2018/2021 .........  | EUR | 4 700 000 |  |  | % | 99,728 | 4 687 239,50 | 0,18 |
| 1,625 | % Deutsche Bank AG (MTN) 2020/2027 .........  | EUR | 5 000 000 | 15 500 000 | 10 500 000 | % | 99,302 | 4 965 100,00 | 0,19 |
| 5,625 | % Deutsche Bank AG (MTN) 2020/2031 * .......  | EUR | 12 100 000 | 12 100 000 |  | % | 104,816 | 12 682 736,00 | 0,48 |
| 1,25 | % Deutsche Boerse AG 2020/2047 * ** .........  | EUR | 4 400 000 | 4 400 000 |  | % | 99,942 | 4 397 470,00 | 0,16 |
| 0,375 | % Deutsche Post AG (MTN) 2020/2026 .........  | EUR | 12 600 000 | 12 600 000 |  | % | 100,836 | 12 705 273,00 | 0,48 |
| 0,75 | % Deutsche Post AG (MTN) 2020/2029 .........  | EUR | 10 000 000 | 15 140 000 | 5 140 000 | % | 102,749 | 10 274 900,00 | 0,39 |
| 0,75 | % DH Europe Finance II Sarl 2019/2031 .........  | EUR | 5 000 000 |  |  | % | 96,688 | 4 834 400,00 | 0,18 |
| 1,80 | % DH Europe Finance II Sarl 2019/2049 .........  | EUR | 5 400 000 |  |  | % | 96,804 | 5 227 389,00 | 0,20 |
| 1,70 | % DH Europe Finance Sarl (MTN) 2015/2022 .....  | EUR | 5 500 000 | 5 500 000 |  | % | 102,02 | 5 611 072,50 | 0,21 |
| 0,625 | % Digital Dutch Finco BV (MTN) 2020/2025 ......  | EUR | 6 270 000 | 6 270 000 |  | % | 98,926 | 6 202 660,20 | 0,23 |
| 0,125 | % Digital Dutch Finco BV 2020/2022 ............  | EUR | 2 550 000 | 2 550 000 |  | % | 98,878 | 2 521 401,75 | 0,09 |
| 1,25 | % Digital Dutch Finco BV 2020/2031 ............  | EUR | 5 300 000 | 5 300 000 |  | % | 99,574 | 5 277 448,50 | 0,20 |
| 0,50 | % Dow Chemical Co./The (MTN) 2020/2027 ** ...  | EUR | 4 270 000 | 10 120 000 | 5 850 000 | % | 94,914 | 4 052 806,45 | 0,15 |
| 1,125 | % Dow Chemical Co./The 2020/2032 ** .........  | EUR | 6 000 000 | 9 560 000 | 3 560 000 | % | 91,684 | 5 501 070,00 | 0,21 |
| 1,75 | % DXC Technology Co. (MTN) 2018/2026 ........  | EUR | 7 500 000 |  |  | % | 98,646 | 7 398 412,50 | 0,28 |
| 0,625 | % E.ON SE (MTN) 2019/2031 .................  | EUR | 2 626 000 |  | 2 024 000 | % | 98,385 | 2 583 590,10 | 0,10 |
| 1,625 | % EDP - Energias de Portugal SA (MTN) 2020/2027 | EUR | 3 700 000 | 3 700 000 |  | % | 106,297 | 3 932 989,00 | 0,15 |
| 1,875 | % EDP Finance BV (MTN) 2018/2025 ...........  | EUR | 5 178 000 |  |  | % | 107,52 | 5 567 359,71 | 0,21 |
| 2,75 | % Electricite de France SA (MTN) 2012/2023 ** ..  | EUR | 3 600 000 |  |  | % | 106,902 | 3 848 490,00 | 0,14 |
| 2,00 | % Electricite de France SA (MTN) 2018/2030 .....  | EUR | 4 000 000 |  |  | % | 110,888 | 4 435 520,00 | 0,17 |
| 2,00 | % Electricite de France SA (MTN) 2019/2049 .....  | EUR | 8 000 000 | 8 000 000 |  | % | 99,092 | 7 927 400,00 | 0,30 |
| 0,375 | % Elenia Finance Oyj (MTN) 2020/2027 .........  | EUR | 5 000 000 | 10 040 000 | 5 040 000 | % | 99,78 | 4 989 000,00 | 0,19 |
| 1,70 | % Eli Lilly & Co. 2019/2049 ...................  | EUR | 7 000 000 |  | 3 620 000 | % | 105,08 | 7 355 600,00 | 0,28 |
| 0,875 | % Elia Transmission Belgium SA (MTN) 2020/2030 | EUR | 5 200 000 | 5 200 000 |  | % | 102,466 | 5 328 206,00 | 0,20 |
| 3,75 | % ELM BV for Firmenich International SA 2020/ |  |  |  |  |  |  |  |  |
|  | perpetual * ** ...........................  | EUR | 5 690 000 | 5 690 000 |  | % | 102,922 | 5 856 261,80 | 0,22 |
| 4,50 | % ELM BV for Swiss Life Insurance & Pension Group |  |  |  |  |  |  |  |  |
|  | 2016/2049 * .............................  | EUR | 4 000 000 |  |  | % | 114,236 | 4 569 440,00 | 0,17 |
| 1,75 | % Emirates Telecommunications Group Co. PJSC |  |  |  |  |  |  |  |  |
|  | (MTN) 2014/2021 .........................  | EUR | 3 000 000 |  |  | % | 101,347 | 3 040 410,00 | 0,11 |
| 2,75 | % Emirates Telecommunications Group Co. PJSC |  |  |  |  |  |  |  |  |
|  | (MTN) 2014/2026 ** ......................  | EUR | 5 000 000 | 5 000 000 |  | % | 111,226 | 5 561 300,00 | 0,21 |
| 3,625 | % EnBW Energie Baden-Wuerttemberg AG (MTN) |  |  |  |  |  |  |  |  |
|  | 2014/2076 * .............................  | EUR | 4 000 000 |  |  | % | 101,467 | 4 058 680,00 | 0,15 |
| 1,966 | % Enel Finance International NV (MTN) 2015/2025 . | EUR | 2 824 000 |  |  | % | 107,948 | 3 048 437,40 | 0,11 |
| 0,00 | % Enel Finance International NV (MTN) 2019/2024 . | EUR | 6 000 000 |  |  | % | 98,941 | 5 936 460,00 | 0,22 |
| 0,375 | % Engie SA (MTN) 2019/2027 .................  | EUR | 11 500 000 |  |  | % | 99,691 | 11 464 465,00 | 0,43 |
| 1,75 | % Engie SA (MTN) 2020/2028 ** ..............  | EUR | 5 400 000 | 5 400 000 |  | % | 108,462 | 5 856 948,00 | 0,22 |
| 2,125 | % Engie SA (MTN) 2020/2032 ** ..............  | EUR | 2 800 000 | 2 800 000 |  | % | 115,079 | 3 222 212,00 | 0,12 |
| 1,50 | % Eni SpA (MTN) 2017/2027 ..................  | EUR | 2 300 000 |  |  | % | 105,672 | 2 430 444,50 | 0,09 |
| 1,659 | % EP Infrastructure AS (MTN) 2018/2024 ........  | EUR | 4 500 000 |  |  | % | 100,546 | 4 524 570,00 | 0,17 |
| 1,698 | % EP Infrastructure AS (MTN) 2019/2026 ........  | EUR | 5 460 000 |  |  | % | 98,804 | 5 394 698,40 | 0,20 |
| 2,045 | % EP Infrastructure AS (MTN) 2019/2028 ** .....  | EUR | 2 545 000 |  |  | % | 97,287 | 2 475 954,15 | 0,09 |
| 1,375 | % Equinor ASA (MTN) 2020/2032 ..............  | EUR | 4 120 000 | 4 120 000 |  | % | 106,684 | 4 395 380,80 | 0,16 |
| 1,625 | % Eurogrid GmbH (MTN) 2015/2023 ............  | EUR | 4 700 000 |  |  | % | 104,71 | 4 921 370,00 | 0,18 |
| 1,50 | % Eurogrid GmbH (MTN) 2016/2028 ............  | EUR | 3 800 000 |  |  | % | 108,314 | 4 115 913,00 | 0,15 |
| 1,113 | % Eurogrid GmbH (MTN) 2020/2032 ............  | EUR | 4 800 000 | 4 800 000 |  | % | 105,596 | 5 068 632,00 | 0,19 |
| 1,00 | % Euronext NV (MTN) 2018/2025 ..............  | EUR | 4 312 000 |  |  | % | 102,774 | 4 431 593,32 | 0,17 |
| 5,25 | % EWE AG 2009/2021 .......................  | EUR | 4 564 000 |  |  | % | 104,953 | 4 790 054,92 | 0,18 |
| 1,75 | % Exor NV 2019/2034 .......................  | EUR | 8 200 000 |  |  | % | 92,503 | 7 585 246,00 | 0,28 |
| 1,375 | % Experian Finance PLC (MTN) 2017/2026 .......  | EUR | 5 363 000 |  |  | % | 102,741 | 5 509 999,83 | 0,21 |
| 1,408 | % Exxon Mobil Corp. 2020/2039 ...............  | EUR | 25 680 000 | 25 680 000 |  | % | 99,328 | 25 507 430,40 | 0,96 |
| 1,125 | % Fastighets AB Balder (MTN) 2017/2022 .......  | EUR | 8 473 000 |  |  | % | 99,922 | 8 466 391,06 | 0,32 |
| 1,875 | % Fastighets AB Balder (MTN) 2017/2026 .......  | EUR | 5 000 000 |  |  | % | 99,928 | 4 996 425,00 | 0,19 |
| 1,125 | % Fastighets AB Balder (MTN) 2019/2027 .......  | EUR | 11 000 000 |  |  | % | 94,232 | 10 365 520,00 | 0,39 |
| 2,124 | % Ferrovial Netherlands BV 2017/perpetual * ** ..  | EUR | 2 000 000 |  | 3 000 000 | % | 94,086 | 1 881 730,00 | 0,07 |
| 1,50 | % Fidelity National Information Services, Inc. (MTN) |  |  |  |  |  |  |  |  |
|  | 2019/2027 ..............................  | EUR | 4 650 000 | 4 650 000 |  | % | 103,496 | 4 812 540,75 | 0,18 |
| 0,125 | % Fidelity National Information Services, Inc. |  |  |  |  |  |  |  |  |
|  | 2019/2021 ..............................  | EUR | 5 000 000 | 5 000 000 |  | % | 99,71 | 4 985 475,00 | 0,19 |
| 1,375 | % Firmenich Productions Participations SAS (MTN) |  |  |  |  |  |  |  |  |
|  | 2020/2026 ..............................  | EUR | 10 880 000 | 10 880 000 |  | % | 102,927 | 11 198 457,60 | 0,42 |
| 1,75 | % Firmenich Productions Participations SAS (MTN) |  |  |  |  |  |  |  |  |
|  | 2020/2030 ..............................  | EUR | 8 420 000 | 8 420 000 |  | % | 104,407 | 8 791 069,40 | 0,33 |
| 0,875 | % Fortum OYJ 2019/2023 ....................  | EUR | 9 170 000 |  |  | % | 101,094 | 9 270 365,65 | 0,35 |
| 4,35 | % Fortune Star BVI Ltd 2019/2023 .............  | EUR | 7 000 000 |  |  | % | 97,091 | 6 796 370,00 | 0,25 |
| 1,50 | % G4S International Finance PLC (MTN) 2016/2023 | EUR | 4 707 000 |  |  | % | 99,362 | 4 676 945,81 | 0,18 |
| 1,50 | % G4S International Finance PLC (MTN) 2017/2024 | EUR | 4 500 000 | 4 500 000 |  | % | 97,646 | 4 394 047,50 | 0,16 |
| 3,60 | % Gazprom OAO Via Gaz Capital SA (MTN) 2014/2021 | EUR | 4 707 000 |  |  | % | 102,144 | 4 807 894,55 | 0,18 |
| 2,95 | % Gazprom PJSC Via Gaz Finance PLC (MTN) |  |  |  |  |  |  |  |  |
|  | 2020/2025 ..............................  | EUR | 10 000 000 | 15 700 000 | 5 700 000 | % | 104,386 | 10 438 550,00 | 0,39 |
| 2,625 | % GE Capital European Funding Unlimited Co. (MTN) |  |  |  |  |  |  |  |  |
|  | 2013/2023 ..............................  | EUR | 4 000 000 | 4 000 000 |  | % | 104,778 | 4 191 100,00 | 0,16 |
| 0,875 | % GELF Bond Issuer I SA (MTN) 2016/2022 ......  | EUR | 3 578 000 |  |  | % | 100,006 | 3 578 232,57 | 0,13 |
| 0,20 | % General Motors Financial Co., Inc. (MTN) 2019/2022 | EUR | 7 430 000 |  |  | % | 96,242 | 7 150 743,45 | 0,27 |
| 2,75 | % Glencore Finance Europe SA (MTN) 2014/2021 . | EUR | 4 707 000 |  |  | % | 100,702 | 4 740 019,61 | 0,18 |
| 1,50 | % Global Switch Holdings Ltd (MTN) 2017/2024 . . . | EUR | 13 627 000 | 13 627 000 |  | % | 101,483 | 13 829 088,41 | 0,52 |
| 1,375 | % Goldman Sachs Group, Inc. (MTN) 2015/2022 ..  | EUR | 3 766 000 |  |  | % | 102,096 | 3 844 916,53 | 0,14 |
| 2,00 | % Goldman Sachs Group, Inc. (MTN) 2015/2023 ..  | EUR | 3 173 000 |  |  | % | 104,346 | 3 310 882,72 | 0,12 |
| 1,375 | % Goldman Sachs Group, Inc. (MTN) 2017/2024 ..  | EUR | 5 649 000 |  |  | % | 101,946 | 5 758 929,54 | 0,22 |
| 0,125 | % Goldman Sachs Group, Inc./The (MTN) 2019/2024 | EUR | 6 000 000 |  |  | % | 97,652 | 5 859 120,00 | 0,22 |

| Wertpapierbezeichnung | Stück bzw. Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Währung	Bestand	im Berichtszeitraum	EUR	vermögen |
| 3,375 | % Goldman Sachs Group, Inc./The (MTN) 2020/2025 | EUR | 9 000 000 | 9 000 000 |  | % | 111,62 | 10 045 800,00 | 0,38 |
| 1,375 | % Goodman Australia Finance Pty Ltd -Reg- (MTN) |  |  |  |  |  |  |  |  |
|  | 2017/2025 ** ............................  | EUR | 8 002 000 |  |  | % | 100,108 | 8 010 642,16 | 0,30 |
| 1,75 | % Great-West Lifeco, Inc. (MTN) 2016/2026 ......  | EUR | 7 000 000 |  |  | % | 105,628 | 7 393 960,00 | 0,28 |
| 6,375 | % Groupama SA 2014/2049 * .................  | EUR | 4 000 000 |  |  | % | 110,448 | 4 417 920,00 | 0,17 |
| 3,875 | % Harley-Davidson Financial Services, Inc. 2020/2023 | EUR | 9 730 000 | 9 730 000 |  | % | 104,598 | 10 177 434,05 | 0,38 |
| 1,875 | % Heathrow Funding Ltd (MTN) 2014/2022 ......  | EUR | 2 400 000 | 2 400 000 |  | % | 101,767 | 2 442 408,00 | 0,09 |
| 1,875 | % Heathrow Funding Ltd (MTN) 2019/2034 ......  | EUR | 4 500 000 |  |  | % | 101,696 | 4 576 320,00 | 0,17 |
| 1,50 | % HeidelbergCement AG (MTN) 2016/2025 ......  | EUR | 3 474 000 |  |  | % | 102,031 | 3 544 556,94 | 0,13 |
| 1,125 | % HeidelbergCement Finance Luxembourg SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2019/2027 ..............................  | EUR | 4 120 000 |  |  | % | 98,966 | 4 077 378,60 | 0,15 |
| 1,75 | % Heimstaden Bostad AB (MTN) 2018/2021 .....  | EUR | 6 070 000 |  |  | % | 100,809 | 6 119 106,30 | 0,23 |
| 2,125 | % Heimstaden Bostad AB (MTN) 2019/2023 .....  | EUR | 2 540 000 |  |  | % | 102,448 | 2 602 179,20 | 0,10 |
| 1,125 | % Heimstaden Bostad AB (MTN) 2020/2026 .....  | EUR | 5 620 000 | 5 620 000 |  | % | 97,477 | 5 478 207,40 | 0,21 |
| 3,248 | % Heimstaden Bostad AB 2019/perpetual * ** ...  | EUR | 5 000 000 |  | 7 000 000 | % | 95,806 | 4 790 325,00 | 0,18 |
| 2,25 | % Heineken NV (MTN) 2020/2030 ..............  | EUR | 3 240 000 | 3 240 000 |  | % | 113,444 | 3 675 569,40 | 0,14 |
| 2,75 | % Helvetia Europe SA 2020/2041 * .............  | EUR | 7 680 000 | 7 680 000 |  | % | 100,679 | 7 732 147,20 | 0,29 |
| 1,00 | % Hemso Fastighets AB (MTN) 2016/2026 ** ....  | EUR | 5 667 000 |  |  | % | 98,812 | 5 599 676,04 | 0,21 |
| 2,375 | % Holcim Finance Luxembourg SA (MTN) 2020/2025 | EUR | 5 990 000 | 5 990 000 |  | % | 107,574 | 6 443 682,60 | 0,24 |
| 0,625 | % Holding d‘Infrastructures de Transport SAS (MTN) |  |  |  |  |  |  |  |  |
|  | 2017/2023 ..............................  | EUR | 4 200 000 |  |  | % | 97,079 | 4 077 318,00 | 0,15 |
| 1,625 | % Holding d‘Infrastructures de Transport SAS (MTN) |  |  |  |  |  |  |  |  |
|  | 2017/2027 ..............................  | EUR | 3 100 000 |  |  | % | 97,11 | 3 010 394,50 | 0,11 |
| 1,375 | % HSBC France SA (MTN) 2018/2028 ** ........  | EUR | 6 000 000 |  |  | % | 109,008 | 6 540 480,00 | 0,25 |
| 0,10 | % HSBC France SA (MTN) 2019/2027 ...........  | EUR | 4 000 000 |  |  | % | 97,123 | 3 884 920,00 | 0,15 |
| 1,00 | % ING Groep NV (MTN) 2018/2023 .............  | EUR | 3 500 000 |  |  | % | 102,2 | 3 577 000,00 | 0,13 |
| 0,10 | % ING Groep NV (MTN) 2019/2025 * ...........  | EUR | 6 100 000 |  |  | % | 97,903 | 5 972 083,00 | 0,22 |
| 1,20 | % International Business Machines Corp. 2020/2040 | EUR | 8 830 000 | 8 830 000 |  | % | 96,316 | 8 504 702,80 | 0,32 |
| 1,75 | % International Flavors & Fragrances, Inc. (MTN) |  |  |  |  |  |  |  |  |
|  | 2016/2024 ..............................  | EUR | 4 000 000 |  |  | % | 102,642 | 4 105 660,00 | 0,15 |
| 1,80 | % International Flavors & Fragrances, Inc. (MTN) |  |  |  |  |  |  |  |  |
|  | 2018/2026 ..............................  | EUR | 1 510 000 | 1 510 000 |  | % | 101,096 | 1 526 542,05 | 0,06 |
| 1,125 | % Intesa Sanpaolo SpA (MTN) 2015/2022 ........  | EUR | 4 237 000 |  |  | % | 100,66 | 4 264 985,39 | 0,16 |
| 0,875 | % Intesa Sanpaolo SpA (MTN) 2017/2022 ........  | EUR | 2 966 000 |  |  | % | 100,188 | 2 971 590,91 | 0,11 |
| 0,75 | % Intesa Sanpaolo SpA (MTN) 2019/2024 ** .....  | EUR | 4 070 000 |  |  | % | 98,883 | 4 024 538,10 | 0,15 |
| 7,00 | % Intesa Sanpaolo SpA 2016/2049 * ** .........  | EUR | 5 000 000 |  |  | % | 99,786 | 4 989 300,00 | 0,19 |
| 1,50 | % Investor AB (MTN) 2019/2039 ...............  | EUR | 4 000 000 |  |  | % | 106,57 | 4 262 780,00 | 0,16 |
| 1,95 | % Iren SpA (MTN) 2018/2025 .................  | EUR | 4 707 000 |  |  | % | 107,582 | 5 063 861,21 | 0,19 |
| 1,00 | % Iren SpA (MTN) 2020/2030 .................  | EUR | 12 970 000 | 12 970 000 |  | % | 98,448 | 12 768 640,75 | 0,48 |
| 2,125 | % ISS Global A/S (MTN) 2014/2024 .............  | EUR | 7 000 000 | 7 000 000 |  | % | 104,103 | 7 287 210,00 | 0,27 |
| 1,00 | % JAB Holdings BV (MTN) 2019/2027 ...........  | EUR | 5 600 000 |  |  | % | 97,396 | 5 454 148,00 | 0,20 |
| 2,50 | % JAB Holdings BV (MTN) 2020/2027 ...........  | EUR | 7 100 000 | 7 100 000 |  | % | 106,704 | 7 575 984,00 | 0,28 |
| 2,20 | % John Deere Cash Management SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2020/2032 ..............................  | EUR | 3 590 000 | 3 590 000 |  | % | 113,607 | 4 078 491,30 | 0,15 |
| 1,00 | % Johnson Controls International plc (MTN) 2017/2023 | EUR | 4 943 000 |  |  | % | 101,193 | 5 001 969,99 | 0,19 |
| 1,001 | % JPMorgan Chase & Co. (MTN) 2019/2031 * ....  | EUR | 5 310 000 |  |  | % | 100,24 | 5 322 744,00 | 0,20 |
| 1,047 | % JPMorgan Chase & Co. (MTN) 2019/2032 * ** . | EUR | 4 500 000 |  |  | % | 100,288 | 4 512 960,00 | 0,17 |
| 1,125 | % KBC Group NV (MTN) 2019/2024 ............  | EUR | 4 800 000 |  |  | % | 102,836 | 4 936 104,00 | 0,18 |
| 1,625 | % KKR Group Finance Co., V LLC -Reg- (MTN) |  |  |  |  |  |  |  |  |
|  | 2019/2029 ..............................  | EUR | 7 520 000 |  |  | % | 101,744 | 7 651 111,20 | 0,29 |
| 1,75 | % Koninklijke Ahold Delhaize NV (MTN) 2020/2027 | EUR | 3 480 000 | 3 480 000 |  | % | 108,49 | 3 775 434,60 | 0,14 |
| 0,50 | % La Banque Postale SA (MTN) 2020/2026 * .....  | EUR | 7 400 000 | 7 400 000 |  | % | 99,02 | 7 327 480,00 | 0,27 |
| 2,125 | % La Mondiale SAM 2020/2031 ...............  | EUR | 4 900 000 | 4 900 000 |  | % | 98,848 | 4 843 552,00 | 0,18 |
| 0,375 | % La Poste SA (MTN) 2019/2027 ..............  | EUR | 4 500 000 |  |  | % | 99,811 | 4 491 495,00 | 0,17 |
| 3,125 | % La Poste SA 2018/perpetual * ** ............  | EUR | 3 000 000 |  |  | % | 103,146 | 3 094 365,00 | 0,12 |
| 4,00 | % Landesbank Baden-Wuerttemberg (MTN) 2019/ |  |  |  |  |  |  |  |  |
|  | perpetual * ** ...........................  | EUR | 7 000 000 |  | 2 400 000 | % | 85,678 | 5 997 495,00 | 0,22 |
| 0,75 | % LeasePlan Corp., NV (MTN) 2017/2022 ........  | EUR | 5 903 000 |  |  | % | 98,824 | 5 833 610,24 | 0,22 |
| 4,25 | % Lehman Brothers Holdings, Inc. (MTN) 2046/2016 * | EUR | 850 000 |  |  | % | 0 | 0,85 | 0,00 |
| 0,50 | % LG Chem Ltd -Reg- 2019/2023 ..............  | EUR | 4 660 000 |  |  | % | 98,614 | 4 595 412,40 | 0,17 |
| 1,75 | % Liberty Mutual Finance Europe Designated Activity |  |  |  |  |  |  |  |  |
|  | -Reg- (MTN) 2017/2024 ....................  | EUR | 6 120 000 |  |  | % | 104,147 | 6 373 796,40 | 0,24 |
| 0,375 | % Lloyds Bank Corp.orate Markets PLC (MTN) |  |  |  |  |  |  |  |  |
|  | 2020/2025 ..............................  | EUR | 6 270 000 | 6 270 000 |  | % | 98,685 | 6 187 549,50 | 0,23 |
| 0,25 | % Lloyds Bank PLC 2019/2022 ................  | EUR | 5 470 000 |  |  | % | 99,351 | 5 434 499,70 | 0,20 |
| 0,50 | % Lloyds Banking Group PLC (MTN) 2019/2025 * . | EUR | 5 220 000 |  |  | % | 97,861 | 5 108 344,20 | 0,19 |
| 0,50 | % Logicor Financing Sarl (MTN) 2019/2021 .......  | EUR | 4 480 000 |  |  | % | 99,514 | 4 458 227,20 | 0,17 |
| 1,625 | % Logicor Financing Sarl (MTN) 2019/2027 .......  | EUR | 6 700 000 |  |  | % | 100,917 | 6 761 439,00 | 0,25 |
| 0,125 | % LVMH Moet Hennessy Louis Vuitton SE (MTN) |  |  |  |  |  |  |  |  |
|  | 2020/2028 ..............................  | EUR | 10 000 000 | 21 800 000 | 11 800 000 | % | 98,394 | 9 839 450,00 | 0,37 |
| 1,375 | % Madrilena Red de Gas Finance BV (MTN) 2017/2025 | EUR | 5 290 000 |  |  | % | 103,378 | 5 468 722,65 | 0,20 |
| 0,625 | % McKesson Corp. 2017/2021 ................  | EUR | 5 000 000 | 5 000 000 |  | % | 100,17 | 5 008 525,00 | 0,19 |
| 1,125 | % Mediobanca Banca di Credito Finanziario SpA (MTN) |  |  |  |  |  |  |  |  |
|  | 2020/2025 ..............................  | EUR | 4 110 000 | 4 110 000 |  | % | 96,211 | 3 954 272,10 | 0,15 |
| 1,125 | % Medtronic Global Holdings SCA (MTN) 2019/2027 | EUR | 5 700 000 |  |  | % | 104,615 | 5 963 055,00 | 0,22 |
| 2,25 | % Medtronic Global Holdings SCA 2019/2039 ....  | EUR | 4 000 000 |  |  | % | 113,088 | 4 523 540,00 | 0,17 |
| 1,75 | % Medtronic Global Holdings SCA 2019/2049 ....  | EUR | 4 000 000 |  |  | % | 98,406 | 3 936 220,00 | 0,15 |
| 0,875 | % Merck Financial Services GmbH (MTN) 2019/2031 | EUR | 7 000 000 |  |  | % | 102,855 | 7 199 850,00 | 0,27 |
| 1,50 | % Mondi Finance PLC (MTN) 2016/2024 .........  | EUR | 4 707 000 |  |  | % | 102,808 | 4 839 196,10 | 0,18 |
| 1,00 | % Morgan Stanley (MTN) 2016/2022 ............  | EUR | 8 002 000 |  |  | % | 101,241 | 8 101 304,82 | 0,30 |
| 0,637 | % Morgan Stanley (MTN) 2019/2024 * ..........  | EUR | 6 490 000 |  |  | % | 100,158 | 6 500 221,75 | 0,24 |
| 0,375 | % Motability Operations Group PLC (MTN) |  |  |  |  |  |  |  |  |
|  | 2019/2026 ..............................  | EUR | 5 000 000 |  | 4 080 000 | % | 99,783 | 4 989 150,00 | 0,19 |

| 3,25 | % Muenchener Rueckversicherungs-Gesellschaft AG |  |
| --- | --- | --- |
|  | in Muenchen 2018/2049 * ..................  | EUR | 5 400 000 |  |  | % | 114,494 | 6 182 676,00 | 0,23 |
| 2,125 | % Mylan, Inc. (MTN) 2018/2025 ...............  | EUR | 5 649 000 |  |  | % | 104,197 | 5 886 088,53 | 0,22 |
| 1,00 | % National Grid North America, Inc. (MTN) 2017/2024 | EUR | 3 200 000 |  |  | % | 102,95 | 3 294 400,00 | 0,12 |
| 1,25 | % Naturgy Finance BV (MTN) 2016/2026 ........  | EUR | 2 300 000 |  |  | % | 104,543 | 2 404 489,00 | 0,09 |
| 1,25 | % Naturgy Finance BV (MTN) 2020/2026 ........  | EUR | 9 000 000 | 9 000 000 |  | % | 104,143 | 9 372 870,00 | 0,35 |
| 1,125 | % Natwest Markets PLC (MTN) 2018/2023 ......  | EUR | 5 178 000 |  |  | % | 100,595 | 5 208 809,10 | 0,20 |
| 1,50 | % Nestle Finance International Ltd (MTN) 2020/2030 | EUR | 2 690 000 | 2 690 000 |  | % | 110,773 | 2 979 793,70 | 0,11 |
| 0,25 | % New York Life Global Funding (MTN) 2020/2027 | EUR | 6 450 000 | 6 450 000 |  | % | 99,328 | 6 406 623,75 | 0,24 |
| 1,50 | % Nomura Europe Finance NV (MTN) 2014/2021 ..  | EUR | 4 707 000 |  |  | % | 101,215 | 4 764 190,05 | 0,18 |
| 0,625 | % Nykredit Realkredit A/S (MTN) 2019/2025 ** ...  | EUR | 6 730 000 |  |  | % | 98,006 | 6 595 770,15 | 0,25 |
| 2,375 | % OMV AG (MTN) 2020/2032 .................  | EUR | 8 000 000 | 13 650 000 | 5 650 000 | % | 115,088 | 9 207 040,00 | 0,35 |
| 1,00 | % Optus Finance Pty Ltd (MTN) 2019/2029 ......  | EUR | 10 000 000 |  |  | % | 101,57 | 10 157 000,00 | 0,38 |
| 1,375 | % Orange SA (MTN) 2018/2028 ...............  | EUR | 4 900 000 |  |  | % | 106,642 | 5 225 482,50 | 0,20 |
| 1,375 | % Orange SA (MTN) 2019/2049 ...............  | EUR | 6 000 000 |  |  | % | 96,908 | 5 814 450,00 | 0,22 |
| 2,375 | % Orange SA (MTN) 2019/perpetual * ..........  | EUR | 5 200 000 |  |  | % | 101,472 | 5 276 570,00 | 0,20 |
| 1,625 | % Orange SA (MTN) 2020/2032 ...............  | EUR | 3 700 000 | 3 700 000 |  | % | 108,836 | 4 026 932,00 | 0,15 |
| 1,75 | % Orsted A/S 2019/2099 * ...................  | EUR | 4 820 000 |  |  | % | 98,706 | 4 757 629,20 | 0,18 |
| 0,50 | % PepsiCo, Inc. (MTN) 2020/2028 ** ...........  | EUR | 6 000 000 | 12 060 000 | 6 060 000 | % | 100,988 | 6 059 250,00 | 0,23 |
| 0,50 | % Pernod Ricard SA (MTN) 2019/2027 ** ........  | EUR | 3 900 000 |  |  | % | 100,032 | 3 901 228,50 | 0,15 |
| 0,875 | % Pernod Ricard SA 2019/2031 ** .............  | EUR | 4 100 000 |  |  | % | 99,395 | 4 075 195,00 | 0,15 |
| 2,50 | % Petroleos Mexicanos (MTN) 2017/2021 .......  | EUR | 1 920 000 | 1 920 000 |  | % | 97,056 | 1 863 475,20 | 0,07 |
| 2,375 | % Peugeot SA (MTN) 2016/2023 ...............  | EUR | 4 612 000 | 4 612 000 |  | % | 101,856 | 4 697 598,72 | 0,18 |
| 0,50 | % POSCO -Reg- 2020/2024 ...................  | EUR | 5 000 000 | 5 000 000 |  | % | 96,756 | 4 837 800,00 | 0,18 |
| 1,00 | % Postnl NV (MTN) 2017/2024 ................  | EUR | 5 000 000 |  |  | % | 100,73 | 5 036 475,00 | 0,19 |
| 1,75 | % Prologis International Funding II SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2018/2028 ..............................  | EUR | 4 000 000 | 4 000 000 |  | % | 108,444 | 4 337 780,00 | 0,16 |
| 3,00 | % Prologis LP 2014/2026 .....................  | EUR | 2 824 000 |  |  | % | 114,99 | 3 247 331,72 | 0,12 |
| 0,375 | % Raiffeisen Bank International AG (MTN) 2019/2026 | EUR | 4 000 000 |  | 4 000 000 | % | 99,448 | 3 977 940,00 | 0,15 |
| 0,75 | % RCI Banque SA (MTN) 2017/2022 ............  | EUR | 3 474 000 |  |  | % | 97,646 | 3 392 239,41 | 0,13 |
| 0,25 | % RCI Banque SA (MTN) 2018/2021 ............  | EUR | 5 200 000 |  |  | % | 98,548 | 5 124 496,00 | 0,19 |
| 0,00 | % RELX Finance BV 2020/2024 ................  | EUR | 4 520 000 | 4 520 000 |  | % | 98,757 | 4 463 816,40 | 0,17 |
| 1,00 | % Renault SA (MTN) 2018/2024 ...............  | EUR | 5 000 000 | 5 000 000 |  | % | 93,258 | 4 662 900,00 | 0,17 |
| 3,25 | % Rentokil Initial PLC (MTN) 2013/2021 .........  | EUR | 4 400 000 | 4 400 000 |  | % | 102,394 | 4 505 314,00 | 0,17 |
| 0,875 | % Rentokil Initial PLC (MTN) 2019/2026 .........  | EUR | 8 620 000 |  |  | % | 99,622 | 8 587 416,40 | 0,32 |
| 4,247 | % Repsol International Finance BV 2020/perpetual * | EUR | 2 590 000 | 2 590 000 |  | % | 101,39 | 2 625 988,05 | 0,10 |
| 2,875 | % Rio Tinto Finance PLC (MTN) 2012/2024 ** ....  | EUR | 3 650 000 |  |  | % | 110,641 | 4 038 396,50 | 0,15 |
| 2,50 | % Royal Bank of Scotland Group PLC (MTN) |  |  |  |  |  |  |  |  |
|  | 2016/2023 ** ............................  | EUR | 2 824 000 |  |  | % | 104,19 | 2 942 339,72 | 0,11 |
| 0,75 | % Royal Bank of Scotland Group PLC (MTN) |  |  |  |  |  |  |  |  |
|  | 2019/2025 * .............................  | EUR | 5 000 000 |  |  | % | 98,145 | 4 907 250,00 | 0,18 |
| 2,00 | % Royal Schiphol Group NV (MTN) 2015/2026 ....  | EUR | 5 649 000 |  |  | % | 108,8 | 6 146 083,76 | 0,23 |
| 1,125 | % RTE Reseau de Transport d‘Electricite SADIR (MTN) |  |  |  |  |  |  |  |  |
|  | 2019/2049 ..............................  | EUR | 2 600 000 |  |  | % | 100,556 | 2 614 456,00 | 0,10 |
| 1,125 | % Ryanair DAC (MTN) 2015/2023 ** ............  | EUR | 2 724 000 |  |  | % | 94,093 | 2 563 093,32 | 0,10 |
| 1,125 | % Samhallsbyggnadsbolaget i Norden AB (MTN) |  |  |  |  |  |  |  |  |
|  | 2019/2026 ..............................  | EUR | 6 470 000 |  |  | % | 94,826 | 6 135 274,55 | 0,23 |
| 2,624 | % Samhallsbyggnadsbolaget i Norden AB 2020/ |  |  |  |  |  |  |  |  |
|  | perpetual * ..............................  | EUR | 6 430 000 | 6 430 000 |  | % | 92,329 | 5 936 754,70 | 0,22 |
| 1,50 | % Sanofi (MTN) 2020/2030 ...................  | EUR | 2 900 000 | 2 900 000 |  | % | 111,369 | 3 229 701,00 | 0,12 |
| 0,75 | % Santander Consumer Bank AG (MTN) 2017/2022 | EUR | 7 100 000 |  |  | % | 100,234 | 7 116 614,00 | 0,27 |
| 0,75 | % Santander Consumer Bank AS (MTN) 2018/2023 | EUR | 3 400 000 |  |  | % | 100,076 | 3 402 601,00 | 0,13 |
| 0,125 | % Santander Consumer Bank AS (MTN) 2020/2025 | EUR | 8 000 000 | 11 200 000 | 3 200 000 | % | 96,178 | 7 694 280,00 | 0,29 |
| 1,125 | % Santander Consumer Finance SA (MTN) 2018/2023 | EUR | 7 300 000 |  |  | % | 101,838 | 7 434 210,50 | 0,28 |
| 0,50 | % Santander Consumer Finance SA (MTN) 2019/2026 | EUR | 4 000 000 |  | 4 400 000 | % | 98,322 | 3 932 900,00 | 0,15 |
| 1,625 | % SAP SE 2018/2031 ** .....................  | EUR | 5 000 000 |  |  | % | 112,478 | 5 623 925,00 | 0,21 |
| 3,125 | % Sappi Papier Holding GmbH -Reg- (MTN) |  |  |  |  |  |  |  |  |
|  | 2019/2026 ** ............................  | EUR | 2 000 000 |  | 1 870 000 | % | 85,896 | 1 717 910,00 | 0,06 |
| 2,25 | % Scania CV AB (MTN) 2020/2025 .............  | EUR | 8 110 000 | 8 110 000 |  | % | 102,544 | 8 316 358,95 | 0,31 |
| 1,375 | % Scentre Group Trust 1 Via Scentre Group Trust 2 |  |  |  |  |  |  |  |  |
|  | (MTN) 2016/2023 .........................  | EUR | 3 685 000 |  | 815 000 | % | 100,276 | 3 695 170,60 | 0,14 |
| 1,75 | % Scentre Group Trust 1 Via Scentre Group Trust 2 |  |  |  |  |  |  |  |  |
|  | (MTN) 2018/2028 .........................  | EUR | 3 578 000 |  |  | % | 98,786 | 3 534 580,97 | 0,13 |
| 1,375 | % Schlumberger Finance BV (MTN) 2020/2026 ...  | EUR | 4 990 000 | 4 990 000 |  | % | 102,424 | 5 110 982,55 | 0,19 |
| 2,00 | % Schlumberger Finance BV 2020/2032 .........  | EUR | 5 620 000 | 5 620 000 |  | % | 107,23 | 6 026 326,00 | 0,23 |
| 1,625 | % SES SA (MTN) 2018/2026 ..................  | EUR | 3 150 000 |  |  | % | 100,076 | 3 152 378,25 | 0,12 |
| 0,50 | % Shell International Finance BV (MTN) 2019/2031 | EUR | 6 000 000 |  | 8 230 000 | % | 96,418 | 5 785 050,00 | 0,22 |
| 0,875 | % Shell International Finance BV (MTN) 2019/2039 | EUR | 7 500 000 |  | 7 500 000 | % | 92,86 | 6 964 537,50 | 0,26 |
| 0,25 | % Siemens Financieringsmaatschappij NV (MTN) |  |  |  |  |  |  |  |  |
|  | 2020/2029 ..............................  | EUR | 5 000 000 | 9 800 000 | 4 800 000 | % | 98,924 | 4 946 175,00 | 0,19 |
| 2,375 | % Signify NV (MTN) 2020/2027 ................  | EUR | 4 580 000 | 4 580 000 |  | % | 102,754 | 4 706 110,30 | 0,18 |
| 2,00 | % Signify NV 2020/2024 .....................  | EUR | 6 880 000 | 6 880 000 |  | % | 101,28 | 6 968 064,00 | 0,26 |
| 0,50 | % Société Générale SA (MTN) 2017/2023 ** .....  | EUR | 4 700 000 |  |  | % | 99,375 | 4 670 625,00 | 0,18 |
| 1,25 | % Société Générale SA (MTN) 2019/2024 ........  | EUR | 5 100 000 |  |  | % | 101,407 | 5 171 757,00 | 0,19 |
| 0,125 | % Societe Generale SA (MTN) 2020/2026 ........  | EUR | 8 300 000 | 11 700 000 | 3 400 000 | % | 98,958 | 8 213 472,50 | 0,31 |
| 1,25 | % Societe Generale SA (MTN) 2020/2030 ........  | EUR | 9 100 000 | 9 100 000 |  | % | 100,127 | 9 111 557,00 | 0,34 |
| 1,75 | % SSE PLC (MTN) 2020/2030 ** ...............  | EUR | 10 950 000 | 10 950 000 |  | % | 104,954 | 11 492 408,25 | 0,43 |
| 0,90 | % Standard Chartered PLC (MTN) 2019/2027 * ...  | EUR | 2 830 000 |  |  | % | 99,488 | 2 815 510,40 | 0,11 |
| 2,50 | % Standard Chartered PLC (MTN) 2020/2030 * ...  | EUR | 5 570 000 | 5 570 000 |  | % | 101,617 | 5 660 066,90 | 0,21 |
| 1,375 | % State Grid Overseas Investment 2016 Ltd -Reg- |  |  |  |  |  |  |  |  |
|  | (MTN) 2018/2025 .........................  | EUR | 8 473 000 |  |  | % | 102,222 | 8 661 227,70 | 0,32 |
| 6,50 | % Stichting AK Rabobank Certificaten 2014/2049 ..  | EUR | 4 000 000 | 5 000 000 | 1 000 000 | % | 106,45 | 4 258 000,00 | 0,16 |

| Wertpapierbezeichnung | Stück bzw. Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Währung	Bestand	im Berichtszeitraum	EUR	vermögen |
| 0,25 | % Stryker Corp. (MTN) 2019/2024 ..............  | EUR | 9 800 000 |  |  | % | 99,018 | 9 703 715,00 | 0,36 |
| 0,75 | % Stryker Corp. (MTN) 2019/2029 ..............  | EUR | 5 000 000 |  |  | % | 98,724 | 4 936 175,00 | 0,19 |
| 1,25 | % Suez (MTN) 2020/2027 ....................  | EUR | 3 600 000 | 3 600 000 |  | % | 105,172 | 3 786 174,00 | 0,14 |
| 2,50 | % Suez 2015/2049 * ** ......................  | EUR | 3 600 000 |  |  | % | 100,456 | 3 616 416,00 | 0,14 |
| 0,934 | % Sumitomo Mitsui Financial Group, Inc. (MTN) |  |  |  |  |  |  |  |  |
|  | 2017/2024 ** ............................  | EUR | 2 900 000 |  |  | % | 102,128 | 2 961 726,50 | 0,11 |
| 1,25 | % Svenska Handelsbanken AB (MTN) 2018/2028 * | EUR | 3 766 000 |  |  | % | 101,29 | 3 814 581,40 | 0,14 |
| 1,00 | % Svenska Handelsbanken AB (MTN) 2020/2025 ..  | EUR | 3 400 000 | 3 400 000 |  | % | 104,308 | 3 546 472,00 | 0,13 |
| 1,50 | % Swedbank AB (MTN) 2018/2028 * ...........  | EUR | 5 536 000 |  |  | % | 100,065 | 5 539 598,40 | 0,21 |
| 2,714 | % Swiss Re Finance UK PLC 2020/2052 * .......  | EUR | 3 300 000 | 3 300 000 |  | % | 104,089 | 3 434 937,00 | 0,13 |
| 3,375 | % Syngenta Finance NV (MTN) 2020/2026 .......  | EUR | 3 500 000 | 3 500 000 |  | % | 103,992 | 3 639 702,50 | 0,14 |
| 2,00 | % Takeda Pharmaceutical Co., Ltd 2020/2040 ....  | EUR | 18 720 000 | 18 720 000 |  | % | 100,108 | 18 740 124,00 | 0,70 |
| 3,00 | % Takeda Pharmaceutical Co., Ltd -Reg- 2018/2030 | EUR | 7 000 000 |  |  | % | 117,704 | 8 239 315,00 | 0,31 |
| 1,125 | % Tele2 AB (MTN) 2018/2024 .................  | EUR | 8 000 000 |  |  | % | 103,055 | 8 244 400,00 | 0,31 |
| 2,125 | % Tele2 AB (MTN) 2018/2028 .................  | EUR | 8 085 000 |  |  | % | 109,022 | 8 814 469,13 | 0,33 |
| 2,875 | % Telefonica Europe BV 2019/perpetual * .......  | EUR | 5 000 000 |  |  | % | 95,435 | 4 771 750,00 | 0,18 |
| 1,50 | % Telekom Finanzmanagement GmbH (MTN) |  |  |  |  |  |  |  |  |
|  | 2016/2026 ..............................  | EUR | 4 200 000 |  |  | % | 107,806 | 4 527 852,00 | 0,17 |
| 1,00 | % Telstra Corp., Ltd (MTN) 2020/2030 ** ........  | EUR | 2 810 000 | 2 810 000 |  | % | 103,248 | 2 901 268,80 | 0,11 |
| 1,50 | % TenneT Holding BV (MTN) 2019/2039 .........  | EUR | 7 530 000 |  |  | % | 108,996 | 8 207 398,80 | 0,31 |
| 2,995 | % TenneT Holding BV 2017/perpetual * .........  | EUR | 5 000 000 | 5 000 000 |  | % | 103,577 | 5 178 850,00 | 0,19 |
| 1,125 | % Teollisuuden Voima Oyj (MTN) 2019/2026 .....  | EUR | 7 000 000 |  | 2 550 000 | % | 92,922 | 6 504 540,00 | 0,24 |
| 1,00 | % Terna Rete Elettrica Nazionale SpA (MTN) |  |  |  |  |  |  |  |  |
|  | 2016/2028 ** ............................  | EUR | 6 000 000 |  |  | % | 103,565 | 6 213 900,00 | 0,23 |
| 0,875 | % Thales SA (MTN) 2018/2024 ................  | EUR | 5 600 000 |  |  | % | 102,126 | 5 719 056,00 | 0,21 |
| 0,75 | % Thales SA (MTN) 2018/2025 ................  | EUR | 2 800 000 |  |  | % | 101,795 | 2 850 260,00 | 0,11 |
| 0,125 | % Thermo Fisher Scientific, Inc. (MTN) 2019/2025 . | EUR | 4 260 000 |  |  | % | 98,722 | 4 205 578,50 | 0,16 |
| 1,875 | % Thermo Fisher Scientific, Inc. 2019/2049 ......  | EUR | 1 235 000 | 1 235 000 |  | % | 96,504 | 1 191 818,23 | 0,04 |
| 2,375 | % Thermo Fisher Scientific, Inc. 2020/2032 ......  | EUR | 3 440 000 | 3 440 000 |  | % | 114,416 | 3 935 927,60 | 0,15 |
| 1,994 | % Total Capital International SA (MTN) 2020/2032 . | EUR | 5 900 000 | 5 900 000 |  | % | 113,086 | 6 672 103,50 | 0,25 |
| 0,25 | % Toyota Finance Australia Ltd (MTN) 2019/2024 . | EUR | 6 500 000 |  |  | % | 99,924 | 6 495 092,50 | 0,24 |
| 1,50 | % Transmission Finance DAC (MTN) 2016/2023 ...  | EUR | 4 707 000 |  |  | % | 103,411 | 4 867 555,77 | 0,18 |
| 1,875 | % Transurban Finance Co., Pty Ltd (MTN) |  |  |  |  |  |  |  |  |
|  | 2014/2024 ** ............................  | EUR | 5 000 000 |  |  | % | 103,97 | 5 198 500,00 | 0,19 |
| 1,701 | % Transurban Finance Co., Pty Ltd (MTN) 2019/2034 | EUR | 2 440 000 |  |  | % | 91,707 | 2 237 650,80 | 0,08 |
| 4,75 | % UBS AG (MTN) 2014/2026 * ................  | EUR | 4 227 000 |  |  | % | 102,111 | 4 316 231,97 | 0,16 |
| 1,25 | % UniCredit SpA (MTN) 2019/2025 * ...........  | EUR | 5 280 000 |  |  | % | 100,088 | 5 284 646,40 | 0,20 |
| 3,875 | % UniCredit SpA (MTN) 2020/perpetual * ** .....  | EUR | 5 000 000 | 16 240 000 | 11 240 000 | % | 74,388 | 3 719 400,00 | 0,14 |
| 1,75 | % Unilever NV (MTN) 2020/2030 ...............  | EUR | 3 690 000 | 3 690 000 |  | % | 113,791 | 4 198 887,90 | 0,16 |
| 1,50 | % Unilever PLC 2019/2039 ...................  | EUR | 2 670 000 | 2 670 000 |  | % | 114,002 | 3 043 853,40 | 0,11 |
| 1,50 | % Unione di Banche Italiane SpA (MTN) 2019/2024 | EUR | 5 500 000 |  |  | % | 101,567 | 5 586 185,00 | 0,21 |
| 6,875 | % UNIQA Insurance Group AG (MTN) 2013/2043 * | EUR | 4 400 000 | 4 400 000 |  | % | 111,966 | 4 926 526,00 | 0,18 |
| 1,362 | % Upjohn Finance BV (MTN) 2020/2027 .........  | EUR | 7 890 000 | 7 890 000 |  | % | 100,956 | 7 965 467,85 | 0,30 |
| 1,908 | % Upjohn Finance BV 2020/2032 ..............  | EUR | 8 360 000 | 8 360 000 |  | % | 101,801 | 8 510 563,60 | 0,32 |
| 2,375 | % Urenco Finance NV (MTN) 2014/2024 .........  | EUR | 4 707 000 |  |  | % | 105,442 | 4 963 154,94 | 0,19 |
| 1,25 | % Veolia Environnement SA (MTN) 2020/2028 ** . | EUR | 4 500 000 | 4 500 000 |  | % | 105,347 | 4 740 615,00 | 0,18 |
| 0,875 | % Verizon Communications, Inc. (MTN) 2019/2027 | EUR | 9 320 000 |  |  | % | 101,491 | 9 458 961,20 | 0,35 |
| 2,875 | % Verizon Communications, Inc. 2017/2038 ......  | EUR | 5 000 000 | 1 500 000 |  | % | 120,99 | 6 049 525,00 | 0,23 |
| 1,50 | % Verizon Communications, Inc. 2019/2039 ......  | EUR | 5 000 000 |  |  | % | 98,262 | 4 913 075,00 | 0,18 |
| 1,125 | % Vicinity Centres Trust (MTN) 2019/2029 .......  | EUR | 5 500 000 |  |  | % | 92,854 | 5 106 997,50 | 0,19 |
| 5,50 | % Vienna Insurance Group AG Wiener Versicherung |  |  |  |  |  |  |  |  |
|  | Gruppe 2013/2043 * ......................  | EUR | 2 800 000 |  |  | % | 111,14 | 3 111 920,00 | 0,12 |
| 2,50 | % Vodafone Group PLC (MTN) 2019/2039 .......  | EUR | 3 945 000 | 3 945 000 |  | % | 111,101 | 4 382 934,45 | 0,16 |
| 1,25 | % Volkswagen Bank GmbH (MTN) 2018/2024 ....  | EUR | 5 000 000 |  |  | % | 100,112 | 5 005 600,00 | 0,19 |
| 0,375 | % Volkswagen Financial Services AG (MTN) |  |  |  |  |  |  |  |  |
|  | 2018/2021 ..............................  | EUR | 3 361 000 |  |  | % | 99,584 | 3 347 018,24 | 0,13 |
| 3,00 | % Volkswagen Financial Services AG (MTN) |  |  |  |  |  |  |  |  |
|  | 2020/2025 ..............................  | EUR | 6 000 000 | 6 000 000 |  | % | 107,066 | 6 423 930,00 | 0,24 |
| 3,375 | % Volkswagen Financial Services AG (MTN) |  |  |  |  |  |  |  |  |
|  | 2020/2028 ..............................  | EUR | 10 000 000 | 10 000 000 |  | % | 112,009 | 11 200 900,00 | 0,42 |
| 3,75 | % Volkswagen International Finance NV 2014/2049 * | EUR | 4 400 000 | 4 400 000 |  | % | 100,948 | 4 441 734,00 | 0,17 |
| 2,50 | % Volkswagen International Finance NV |  |  |  |  |  |  |  |  |
|  | 2015/2049 * ** ..........................  | EUR | 2 824 000 |  |  | % | 98,304 | 2 776 119,08 | 0,10 |
| 3,375 | % Volkswagen International Finance NV 2018/ |  |  |  |  |  |  |  |  |
|  | perpetual * ..............................  | EUR | 5 000 000 | 5 000 000 |  | % | 99,253 | 4 962 650,00 | 0,19 |
| 3,50 | % Volkswagen International Finance NV 2020/ |  |  |  |  |  |  |  |  |
|  | perpetual * ..............................  | EUR | 14 000 000 | 14 000 000 |  | % | 98,812 | 13 833 750,00 | 0,52 |
| 0,071 | % Volkswagen Leasing GmbH (MTN) 2017/2021 * ** | EUR | 4 400 000 |  |  | % | 99,296 | 4 369 024,00 | 0,16 |
| 1,125 | % Volkswagen Leasing GmbH (MTN) 2017/2024 ..  | EUR | 5 435 000 |  |  | % | 99,713 | 5 419 401,55 | 0,20 |
| 0,50 | % Volkswagen Leasing GmbH (MTN) 2019/2022 ..  | EUR | 4 000 000 | 4 000 000 |  | % | 98,982 | 3 959 280,00 | 0,15 |
| 1,80 | % Vonovia Finance BV (MTN) 2019/2025 ** ......  | EUR | 3 300 000 |  |  | % | 106,229 | 3 505 557,00 | 0,13 |
| 0,625 | % Vonovia Finance BV (MTN) 2019/2027 ........  | EUR | 3 700 000 | 3 500 000 | 5 800 000 | % | 99,068 | 3 665 534,50 | 0,14 |
| 0,125 | % Vonovia Finance BV 2019/2023 ..............  | EUR | 5 400 000 |  |  | % | 99,399 | 5 367 546,00 | 0,20 |
| 0,101 | % Wells Fargo & Co. (MTN) 2017/2022 * ........  | EUR | 5 000 000 |  | 4 415 000 | % | 99,907 | 4 995 350,00 | 0,19 |
| 0,50 | % Wells Fargo & Co. (MTN) 2019/2024 ..........  | EUR | 8 640 000 |  |  | % | 99,454 | 8 592 782,40 | 0,32 |
| 0,625 | % Wells Fargo & Co. (MTN) 2020/2030 ..........  | EUR | 5 000 000 | 9 670 000 | 4 670 000 | % | 94,888 | 4 744 400,00 | 0,18 |
| 0,84 | % Wintershall Dea Finance BV (MTN) 2019/2025 ..  | EUR | 9 000 000 |  |  | % | 95,138 | 8 562 465,00 | 0,32 |
| 1,823 | % Wintershall Dea Finance BV 2019/2031 .......  | EUR | 2 000 000 |  | 3 000 000 | % | 94,08 | 1 881 590,00 | 0,07 |
| 1,414 | % Zimmer Biomet Holdings, Inc. (MTN) 2016/2022 | EUR | 7 061 000 |  |  | % | 100,388 | 7 088 396,68 | 0,27 |
| 1,164 | % Zimmer Biomet Holdings, Inc. (MTN) 2019/2027 | EUR | 4 500 000 |  |  | % | 97,832 | 4 402 462,50 | 0,16 |
| 2,625 | % Zuercher Kantonalbank 2015/2027 * ..........  | EUR | 4 707 000 |  |  | % | 102,416 | 4 820 744,66 | 0,18 |
| 4,25 | % BP Capital Markets PLC 2020/perpetual * . . . . . . | GBP | 10 330 000 | 10 330 000 |  | % | 100,779 | 11 425 283,13 | 0,43 |

| Wertpapierbezeichnung | Stück bzw. Anteile bzw. Währung | Nominalbetrag  Käufe/	Verkäufe/ bzw.	Zugänge	Abgänge Bestand	im Berichtszeitraum | Währung | Kurs | Kurswert in EUR | %-Anteil am Fonds- vermögen |
| --- | --- | --- | --- | --- | --- | --- |
| 3,75 | % Legal & General Group PLC (MTN) 2019/2049 * | GBP | 5 560 000 |  |  | % | 98,574 | 6 015 004,82 | 0,23 |
| 4,875 | % Boeing Co./The (MTN) 2020/2025 ............  | USD | 14 733 000 | 14 733 000 |  | % | 109,425 | 14 384 645,66 | 0,54 |
| 5,15 | % Boeing Co./The (MTN) 2020/2030 ............  | USD | 7 000 000 | 22 000 000 | 15 000 000 | % | 111,44 | 6 960 310,58 | 0,26 |
| 8,125 | % Credit Agricole SA -Reg- 2016/2049 * .........  | USD | 4 707 000 |  |  | % | 114,489 | 4 808 386,67 | 0,18 |
| 8,50 | % Ford Motor Co. 2020/2023 .................  | USD | 6 500 000 | 6 500 000 |  | % | 105,662 | 6 128 039,45 | 0,23 |
| 2,50 | % Pacific Gas and Electric Co. 2020/2031 ........  | USD | 4 800 000 | 4 800 000 |  | % | 98,111 | 4 201 945,00 | 0,16 |
| 3,571 | % Santander UK Group Holdings PLC (MTN) |  |  |  |  |  |  |  |  |
|  | 2017/2023 ..............................  | USD | 2 680 000 |  |  | % | 103,785 | 2 481 765,87 | 0,09 |
| 6,25 | % Svenska Handelsbanken AB (MTN) 2019/ |  |  |  |  |  |  |  |  |
|  | perpetual * ..............................  | USD | 4 000 000 |  |  | % | 105,484 | 3 764 766,15 | 0,14 |
| 6,80 | % Transocean, Inc. 2007/2038 .................  | USD | 5 649 000 |  |  | % | 27,742 | 1 398 276,12 | 0,05 |
| 5,125 | % UBS AG (MTN) 2014/2024 ..................  | USD | 3 766 000 |  |  | % | 108,798 | 3 655 902,86 | 0,14 |
| 6,875 | % Wanda Properties Overseas Ltd 2020/2023 ....  | USD | 1 500 000 | 5 390 000 | 3 890 000 | % | 95,316 | 1 275 699,81 | 0,05 |

| 1,50 | % AbbVie, Inc. -Reg- 2020/2023 ** .............  | EUR | 3 500 000 | 3 500 000 |  | % | 103,357 | 3 617 495,00 | 0,14 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1,80 | % AT&T Inc. (MTN) 2018/2026 ** ..............  | EUR | 4 707 000 |  |  | % | 104,712 | 4 928 817,38 | 0,19 |
| 1,50 | % Enexis Holding NV 2015/2023 ...............  | EUR | 2 147 000 |  |  | % | 104,518 | 2 244 012,20 | 0,08 |
| 3,375 | % Glencore Finance Europe SA (MTN) 2013/2020 . | EUR | 2 824 000 |  |  | % | 100,499 | 2 838 091,76 | 0,11 |
| 0,625 | % Illinois Tool Works, Inc. (MTN) 2019/2027 ......  | EUR | 7 000 000 |  | 4 530 000 | % | 100,846 | 7 059 255,00 | 0,26 |
| 1,50 | % JPMorgan Chase & Co. 2015/2022 ...........  | EUR | 4 707 000 |  |  | % | 103,024 | 4 849 363,22 | 0,18 |
| 2,875 | % Landesbank Baden-Wuerttemberg 2014/2026 * ** | EUR | 3 766 000 |  |  | % | 98,304 | 3 702 109,81 | 0,14 |
| 3,25 | % Logicor Financing (MTN) 2018/2028 ..........  | EUR | 5 000 000 |  |  | % | 109,51 | 5 475 475,00 | 0,21 |
| 2,50 | % Skandinaviska Enskilda Banken AB 2014/2026 * | EUR | 3 766 000 |  |  | % | 100,927 | 3 800 910,82 | 0,14 |
| 3,25 | % Stedin Holding NV 2014/2049 * ..............  | EUR | 4 378 000 |  |  | % | 101,396 | 4 439 094,99 | 0,17 |
| 3,10 | % Vodafone Group PLC 2018/2079 * ...........  | EUR | 3 000 000 | 6 000 000 | 3 000 000 | % | 100,309 | 3 009 270,00 | 0,11 |
| 1,50 | % Wells Fargo & Co. (MTN) 2015/2022 ..........  | EUR | 2 210 000 |  |  | % | 102,414 | 2 263 349,40 | 0,09 |
| 3,20 | % AbbVie, Inc. -144A- (MTN) 2019/2029 .........  | USD | 6 400 000 |  |  | % | 109,638 | 6 260 838,52 | 0,24 |
| 4,25 | % AbbVie, Inc. -144A- 2019/2049 ..............  | USD | 5 000 000 |  | 3 390 000 | % | 121,344 | 5 413 542,18 | 0,20 |
| 3,80 | % BNP Paribas SA -Reg- (MTN) 2017/2024 .......  | USD | 5 000 000 | 5 000 000 |  | % | 108,14 | 4 824 449,82 | 0,18 |
| 3,377 | % Carrier Global Corp. -144A- 2020/2040 ........  | USD | 6 470 000 | 6 470 000 |  | % | 97,382 | 5 621 787,10 | 0,21 |
| 6,484 | % Charter Communications Operating LLC Via Charter Communications Operating Capital 2016/2045 ..  | USD | 11 000 000 | 11 000 000 |  | % | 133,591 | 13 111 769,63 | 0,49 |
| 3,75 | % Credit Agricole SA/London -144A- (MTN) 2018/2023 | USD | 5 000 000 | 5 000 000 |  | % | 107,17 | 4 781 175,21 | 0,18 |
| 4,42 | % Dell International LLC -144A- (MTN) 2016/2021 . | USD | 6 082 000 |  |  | % | 102,872 | 5 582 580,87 | 0,21 |
| 3,20 | % Mars, Inc. -144A- 2019/2030 ................  | USD | 5 020 000 |  |  | % | 114,374 | 5 122 977,53 | 0,19 |
| 5,625 | % Transcanada Trust 2015/2075 * ..............  | USD | 2 824 000 |  |  | % | 98,577 | 2 483 886,31 | 0,09 |
| Nichtnotierte Wertpapiere |  |  |  |  |  | 4 335 722,10 | 0,16 |
| Verzinsliche Wertpapiere 1,25	% AbbVie, Inc. -Reg- 2020/2024 ...............  | EUR | 4 237 000 | 4 237 000 | % | 102,33 | 4 335 722,10 | 0,16 |
| Investmentanteile |  |  |  |  |  | 69 527 573,31 | 2,60 |
| Gruppeneigene Investmentanteile DWS Invest SICAV - Corporate Hybrid Bonds -FC- EUR - (0,600%) ................................  | Anteile | 100 000 |  | EUR | 119,48 | 11 948 000,00 | 0,45 |
| DWS Invest SICAV - DWS Invest ESG USD Corporate Bonds -XCH- EUR (hedged) - (0,200%) .......................  | Anteile | 35 000 |  | EUR | 120,7 | 4 224 500,00 | 0,16 |
| DWS Invest SICAV - DWS Invest Macro Bonds I -FC- EUR - (0,740%) .........................................  | Anteile | 210 000 |  | EUR | 100 | 21 000 000,00 | 0,79 |
| DWS Invest SICAV - Emerging Markets Corporates -FCH- EUR (hedged) - (0,600%) ............................  | Anteile | 50 000 |  | EUR | 142,7 | 7 135 000,00 | 0,27 |
| DWS Invest SICAV - ESG Global Corporate Bonds -ID- EUR - (0,400%) .........................................  | Anteile | 120 229 |  | EUR | 101,22 | 12 169 573,31 | 0,45 |
| DWS Invest SICAV - Financial Hybrid Bonds -I- EUR - (0,600%) | Anteile | 100 000 |  | EUR | 96,8 | 9 680 000,00 | 0,36 |
| DWS Invest SICAV - I Multi Credit -FCH- EUR - (0,600%) . . . | Anteile | 30 000 |  | EUR | 112,35 | 3 370 500,00 | 0,12 |
| Summe Wertpapiervermögen |  |  |  |  |  | 2 611 790 431,23 | 97,91 |

An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere	101 430 251,75	3,81 Verzinsliche Wertpapiere
Derivate
(Bei den mit Minus gekennzeichneten Beständen handelt es sich um verkaufte Positionen)
| Zins-Derivate Forderungen/Verbindlichkeiten |  |  |  |  | -1 559 103,41 | -0,07 |
| --- | --- | --- | --- | --- | --- | --- |
| Zinsterminkontrakte Euro Buxl Futures 09/2020 (DB) ......................  | Stück | -248 |  | 248 | -1 569 719,30 | -0,06 |
| Euro SCHATZ Futures 09/2020 (MS) ..................  | Stück | 1 300 | 1 300 |  | 136 500,00 | 0,00 |
| Germany Federal Republic Bonds 5 year 09/2020 (MS) ....  | Stück | 279 | 279 |  | 169 250,00 | 0,00 |
| Germany Federal Republic Notes 10 year 09/2020 (MS) ....  | Stück | 62 | 62 |  | 119 040,00 | 0,00 |
| UK Treasury Notes 09/2020 (MS) .....................  | Stück | -60 |  | 60 | -23 705,57 | 0,00 |
| US Treasury Notes 5 year Futures 09/2020 (MS) .........  | Stück | -245 |  | 245 | -81 976,60 | 0,00 |
| US Treasury Notes 30 year Futures 09/2020 (MS) ........  | Stück | -65 |  | 65 | -179 393,07 | -0,01 |
| US Ultra Bond 09/2020 (DB) .........................  | Stück | -70 |  | 70 | -129 098,87 | 0,00 |

| Stück bzw. Wertpapierbezeichnung	Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  | Währung | Bestand | im Berichtszeitraum | EUR | vermögen |
| Devisen-Derivate Forderungen/Verbindlichkeiten |  |  |  | -67 667,42 | 0,00 |
| Devisentermingeschäfte |  |  |  |  |  |
| Devisentermingeschäfte (Kauf) |  |  |  |  |  |
| Offene Positionen CHF/EUR 0,1 Mio. .................................  |  |  |  | 295,62 | 0,00 |
| SEK/EUR 0,1 Mio. .................................  |  |  |  | 43,73 | 0,00 |
| Geschlossene Positionen GBP/EUR 0,1 Mio. .................................  |  |  |  | -194,86 | 0,00 |
| USD/EUR 0,1 Mio.  ................................  |  |  |  | 52,08 | 0,00 |
| Devisentermingeschäfte (Verkauf) |  |  |  |  |  |
| Offene Positionen EUR/GBP 15,8 Mio. ................................  |  |  |  | 106 868,98 | 0,01 |
| EUR/USD 123,8 Mio.  ..............................  |  |  |  | -174 732,97 | -0,01 |
| Swaps Forderungen/Verbindlichkeiten |  |  |  | 2 323 580,50 | 0,09 |
| Credit Default Swaps |  |  |  |  |  |
| Protection Seller iTraxx Europe Crossover / 5% / 20/06/2025 (OTC) (DB) ....  | Stück | 50 000 000 |  | 2 323 580,50 | 0,09 |
| Bankguthaben |  |  |  | 69 905 455,75 | 2,62 |
| Verwahrstelle (täglich fällig) EUR-Guthaben ....................................  | EUR |  |  | 68 458 603,61 | 2,56 |
| Guthaben in sonstigen EU/EWR-Währungen |  |  |  |  |  |
| Britisches Pfund ...................................  | GBP | 124 889 |  | 137 063,46 | 0,01 |
| Guthaben in Nicht-EU/EWR-Währungen |  |  |  |  |  |
| Schweizer Franken .................................  | CHF | 682 |  | 640,92 | 0,00 |
| US-Dollar ........................................  | USD | 1 467 227 |  | 1 309 147,76 | 0,05 |
| Sonstige Vermögensgegenstände |  |  |  | 21 758 124,24 | 0,82 |
| Abgegrenzte Platzierungsgebühr *** ...................  |  |  |  | 164 748,39 | 0,01 |
| Zinsansprüche ....................................  |  |  |  | 14 086 608,25 | 0,53 |
| Sonstige Ansprüche ................................  |  |  |  | 7 506 767,60 | 0,28 |
| Forderungen aus Anteilscheingeschäften |  |  |  | 9 557 024,86 | 0,36 |
| Summe der Vermögensgegenstände **** |  |  |  | 2 715 866 666,99 | 101,81 |
| Sonstige Verbindlichkeiten |  |  |  | -44 291 928,58 | -1,66 |
| Verbindlichkeiten aus Kostenpositionen ................  |  |  |  | -44 291 928,58 | -1,66 |
| Verbindlichkeiten aus Anteilscheingeschäften |  |  |  | -1 890 850,37 | -0,07 |
| Summe der Verbindlichkeiten |  |  |  | -48 341 600,19 | -1,81 |
| Fondsvermögen |  |  |  | 2 667 525 066,80 | 100,00 |

Durch Rundung der Prozentanteile bei der Berechnung können geringfügige Rundungsdifferenzen entstanden sein.
Eine Aufstellung über die während des Berichtszeitraums abgeschlossenen Geschäfte, soweit sie nicht mehr in der Vermögensaufstellung erscheinen, ist auf Anforderung kostenlos bei der Verwaltungsgesellschaft erhältlich.
| Anteilwert bzw. umlaufende Anteile | Stück bzw. Währung | Anteilwert in der jeweiligen Währung |
| --- | --- | --- |
| Anteilwert Klasse CHF FCH ...................................  | CHF | 104,95 |
| Klasse FC ........................................  | EUR | 171,91 |
| Klasse FC10 ......................................  | EUR | 105,06 |
| Klasse IC .........................................  | EUR | 117,04 |
| Klasse IC100 ......................................  | EUR | 107,42 |
| Klasse ID100 .....................................  | EUR | 102,93 |
| Klasse LC ........................................  | EUR | 164,97 |
| Klasse LD ........................................  | EUR | 125,30 |
| Klasse NC ........................................  | EUR | 156,81 |
| Klasse NDQ ......................................  | EUR | 97,90 |
| Klasse PFC .......................................  | EUR | 109,96 |
| Klasse PFDQ .....................................  | EUR | 97,85 |
| Klasse TFC .......................................  | EUR | 103,61 |
| Klasse TFD .......................................  | EUR | 100,68 |
| Klasse GBP CH RD .................................  | GBP | 116,97 |
| Klasse SEK LCH ...................................  | SEK | 1 103,15 |
| Klasse USD FCH ..................................  | USD | 116,63 |
| Umlaufende Anteile Klasse CHF FCH ...................................  | Stück | 570,000 |
| Klasse FC ........................................  | Stück | 2 489 293,574 |
| Klasse FC10 ......................................  | Stück | 101,000 |
| Klasse IC .........................................  | Stück | 4 915 545,000 |
| Klasse IC100 ......................................  | Stück | 8 537 993,000 |
| Klasse ID100 .....................................  | Stück | 271 722,000 |
| Klasse LC ........................................  | Stück | 2 266 027,522 |
| Klasse LD ........................................  | Stück | 1 544 134,283 |
| Klasse NC ........................................  | Stück | 279 053,096 |
| Klasse NDQ ......................................  | Stück | 51 943,000 |
| Klasse PFC .......................................  | Stück | 83 471,000 |
| Klasse PFDQ .....................................  | Stück | 63 912,000 |
| Klasse TFC .......................................  | Stück | 831 870,000 |
| Klasse TFD .......................................  | Stück | 11 570,000 |
| Klasse GBP CH RD .................................  | Stück | 1 130,000 |
| Klasse SEK LCH ...................................  | Stück | 98,000 |
| Klasse USD FCH ..................................  | Stück | 115,000 |

Zusammensetzung des Referenzportfolios (gem. CSSF-Rundschreiben 11/512) iBoxx EUR Corporates
Potenzieller Risikobetrag für das Marktrisiko (gem. CSSF-Rundschreiben 11/512)
| kleinster potenzieller Risikobetrag .....................  | % | 88,065 |
| --- | --- | --- |
| größter potenzieller Risikobetrag ......................  | % | 162,154 |
| durchschnittlicher potenzieller Risikobetrag ..............  | % | 123,110 |

Die Risikokennzahlen wurden für den Zeitraum vom 1.1.2020 bis 30.6.2020 auf Basis der Methode der historischen Simulation mit den Parametern 99% Konfidenzniveau, 10 Tage Haltedauer unter Verwendung eines effektiven, historischen Beobachtungszeitraumes von einem Jahr berechnet. Als Bewertungsmaßstab wird das Risiko eines derivatefreien Vergleichsvermögens herangezogen. Unter dem Marktrisiko versteht man das Risiko, das sich aus der ungünstigsten Entwicklung von Marktpreisen für das Fondsvermögen ergibt. Bei der Ermittlung des Marktrisikopotenzials wendet die Gesellschaft den relativen Value at Risk-Ansatzim Sinne des CSSF-Rundschreibens 11/512 an.
Die durchschnittliche Hebelwirkung aus der Nutzung von Derivaten betrug im Berichtszeitraum 0,2, wobei zur Berechnung die Summe der Nominalbeträge der Derivate in Relation zum Fondsvermögen gesetzt wurde (Nominalwertmethode).
Das durch Derivate erzielte zugrundeliegende Exposure gem. Punkt 40 a) der „Leitlinien zu börsengehandelten Indexfonds und anderen OGAW-Themen“ der European Securities and Markets Authority (ESMA) belief sich zum Berichtsstichtag unter Zugrundelegung einer Bruttobetrachtung auf EUR 501 504 165,59. Ohne Berücksichtigung gegebenenfalls auf Ebene von Anteilklassen zum Zwecke der Währungsabsicherung abgeschlossener Devisentermingeschäfte.
 Marktschlüssel	 Terminbörsen
DB = Deutsche Bank AG
MS = Morgan Stanley Bank AG
Vertragspartner der Derivate (mit Ausnahme von Devisentermingeschäften)
DB = Deutsche Bank AG Frankfurt
Vertragspartner der Devisentermingeschäfte
Bofa Securities Europe, Deutsche Bank AG, Goldman Sachs International, Morgan Stanley Europe und State Street Bank London

####  Erläuterungen zu den Wertpapier-Darlehen	
Folgende Wertpapiere sind zum Berichtsstichtag als Wertpapier-Darlehen übertragen:
| Wertpapierbezeichnung | Währung bzw. Nominal in Stück | befristet | Wertpapier-Darlehen Kurswert in EUR unbefristet | gesamt |
| --- | --- | --- | --- | --- |
| 4,25  % Aareal Bank AG 2014/2026 * ................  | EUR | 3 400 000 | 3 185 001,00 |  |
| 1,5	% AbbVie, Inc. -Reg- 2020/2023 ...............  | EUR | 200 000 | 206 714,00 |  |
| 0,625 % Abertis Infraestructuras SA (MTN) 2019/2025 ** | EUR | 500 000 | 472 960,00 |  |
| 2	% Airbus SE (MTN) 2020/2028 ................  | EUR | 100 000 | 105 794,50 |  |
| 1,95  % Airbus SE (MTN) 2020/2028 ................  | EUR | 500 000 | 527 930,00 |  |
| 1	% Aroundtown SA (MTN) 2017/2025 ............  | EUR | 1 600 000 | 1 596 576,00 |  |
| 2,125 % Aroundtown SA 2018/perpetual * ............  | EUR | 4 100 000 | 3 809 371,50 |  |
| 5,125 % ASR Nederland NV 2015/2045 * .............  | EUR | 1 000 000 | 1 136 345,00 |  |
| 1,8	% AT&T Inc. (MTN) 2018/2026 ................  | EUR | 500 000 | 523 562,50 |  |
| 3,55  % AT&T, Inc. 2012/2032 ** ...................  | EUR | 500 000 | 602 702,50 |  |
| 3,125 % Aurizon Network Pty Ltd (MTN) 2016/2026 ** ..  | EUR | 600 000 | 663 027,00 |  |
| 1	% Banco Bilbao Vizcaya Argentaria SA (MTN) 2020/2030 * | EUR | 600 000 | 564 480,00 |  |
| 3,871 % Banco Comercial Portugues SA (MTN) 2019/2030 * | EUR | 3 100 000 | 2 884 395,00 |  |
| 1,125 % Banco Santander SA (MTN) 2018/2025 ........  | EUR | 1 600 000 | 1 623 840,00 |  |
| 0,875 % Bankinter SA (MTN) 2019/2024 ..............  | EUR | 500 000 | 506 845,00 |  |
| 1,5	% Bayer Capital Corp. BV (MTN) 2018/2026 ......  | EUR | 1 600 000 | 1 685 736,00 |  |
| 0,5	% BPCE SA (MTN) 2019/2027 .................  | EUR | 2 600 000 | 2 556 736,00 |  |
| 1	% Carnival PLC (MTN) 2019/2029 ..............  | EUR | 313 000 | 166 217,09 |  |
| 0,875 % Covestro AG (MTN) 2020/2026 ..............  | EUR | 1 800 000 | 1 797 588,00 |  |
| 4,25 % Credit Agricole Assurances SA 2015/2049 * ....  | EUR | 1 400 000 | 1 506 204,00 |  |
| 3,25  % Credit Suisse Group AG (MTN) 2020/2026 * ....  | EUR | 500 000 | 554 225,00 |  |
| 2,625 % Daimler AG (MTN) 2020/2025 ...............  | EUR | 500 000 | 532 980,00 |  |
| 1,625 % Danske Bank A/S (MTN) 2019/2024 ..........  | EUR | 1 100 000 | 1 128 605,50 |  |
| 1,25  % Deutsche Bank AG (MTN) 2014/2021 .........  | EUR | 500 000 | 501 305,00 |  |
| 1,5	% Deutsche Bank AG (MTN) 2017/2022 .........  | EUR | 600 000 | 602 991,00 |  |
| 1,25  % Deutsche Boerse AG 2020/2047 * ...........  | EUR | 4 400 000 | 4 397 470,00 |  |
| 0,5	% Dow Chemical Co./The (MTN) 2020/2027 ......  | EUR | 1 000 000 | 949 135,00 |  |
| 1,125 % Dow Chemical Co./The 2020/2032 ...........  | EUR | 500 000 | 458 422,50 |  |
| 2,75 % Electricite de France SA (MTN) 2012/2023 ..... 3,75 % ELM BV for Firmenich International SA 2020/ perpetual * ..............................  | EUR EUR | 1 100 000 2 700 000 | 1 175 927,50 2 778 894,00 |  |
| 2,75  % Emirates Telecommunications Group Co. PJSC |  |  |  |  |
| (MTN) 2014/2026 .........................  | EUR | 100 000 | 111 226,00 |
| 1,75  % Engie SA (MTN) 2020/2028 .................  | EUR | 3 000 000 | 3 253 860,00 |
| 2,125 % Engie SA (MTN) 2020/2032 .................  | EUR | 500 000 | 575 395,00 |
| 2,045 % EP Infrastructure AS (MTN) 2019/2028 ........  | EUR | 900 000 | 875 583,00 |
| 2,124 % Ferrovial Netherlands BV 2017/perpetual * ..... 1,375 % Goodman Australia Finance Pty Ltd -Reg- (MTN) 2017/2025 ..............................  | EUR EUR | 1 500 000 2 150 000 | 1 411 297,50 2 152 322,00 |
| 3,248 % Heimstaden Bostad AB 2019/perpetual * ......  | EUR | 2 700 000 | 2 586 775,50 |
| 1	% Hemso Fastighets AB (MTN) 2016/2026 .......  | EUR | 300 000 | 296 436,00 |
| 1,375 % HSBC France SA (MTN) 2018/2028 ...........  | EUR | 5 600 000 | 6 104 448,00 |
| 0,75  % Intesa Sanpaolo SpA (MTN) 2019/2024 ........  | EUR | 100 000 | 98 883,00 |
| 7	% Intesa Sanpaolo SpA 2016/2049 * ............  | EUR | 1 200 000 | 1 197 432,00 |
| 1,047 % JPMorgan Chase & Co. (MTN) 2019/2032 * ....  | EUR | 4 500 000 | 4 512 960,00 |
| 3,125 % La Poste SA 2018/perpetual * ...............  4	% Landesbank Baden-Wuerttemberg (MTN) 2019/ perpetual * ..............................  | EUR EUR | 2 000 000 800 000 | 2 062 910,00 685 428,00 |
| 2,875 % Landesbank Baden-Wuerttemberg 2014/2026 * . | EUR | 1 600 000 | 1 572 856,00 |
| 1,625 % Logicor Financing Sarl (MTN) 2019/2027 ** ....  | EUR | 3 200 000 | 3 229 344,00 |
| 1,5	% Mondi Finance PLC (MTN) 2016/2024 ** ...... 3,25  % Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 2018/2049 * ** ...............  | EUR EUR | 1 200 000 500 000 | 1 233 702,00 572 470,00 |
| 1,25  % Naturgy Finance BV (MTN) 2016/2026 ** ......  | EUR | 500 000 | 522 715,00 |
| 0,625 % Nykredit Realkredit A/S (MTN) 2019/2025 ......  | EUR | 200 000 | 196 011,00 |
| 0,5	% PepsiCo, Inc. (MTN) 2020/2028 ..............  | EUR | 4 000 000 | 4 039 500,00 |
| 0,5	% Pernod Ricard SA (MTN) 2019/2027 ..........  | EUR | 500 000 | 500 157,50 |
| 0,875 % Pernod Ricard SA 2019/2031 ................  | EUR | 200 000 | 198 790,00 |
| 2,875 % Rio Tinto Finance PLC (MTN) 2012/2024 .......  | EUR | 700 000 | 774 487,00 |
| 2,5	% Royal Bank of Scotland Group PLC (MTN) 2016/2023 EUR | 750 000 | 781 428,75 |  |
| 1,125 % Ryanair DAC (MTN) 2015/2023	EUR | 100 000 | 94 093,00 |  |
| 1,625 % SAP SE 2018/2031	EUR | 3 100 000 | 3 486 833,50 |  |
| 3,125 % Sappi Papier Holding GmbH -Reg- (MTN) 2019/2026 EUR | 2 000 000 | 1 717 910,00 |  |
| 0,5	% Société Générale SA (MTN) 2017/2023	EUR | 200 000 | 198 750,00 |  |
| 1,75  % SSE PLC (MTN) 2020/2030	EUR | 1 100 000 | 1 154 488,50 |  |
| 6,5	% Stichting AK Rabobank Certificaten 2014/2049 ..	EUR | 1 700 000 | 1 809 650,00 |  |
| 2,5	% Suez 2015/2049 *	EUR | 500 000 | 502 280,00 |  |
| 0,934 % Sumitomo Mitsui Financial Group, Inc. (MTN) 2017/2024 EUR | 170 000 | 173 618,45 |  |
| 1	% Telstra Corp., Ltd (MTN) 2020/2030	EUR | 2 800 000 | 2 890 944,00 |  |
| 1	% Terna Rete Elettrica Nazionale SpA (MTN) 2016/2028 EUR | 1 300 000 | 1 346 345,00 |  |
| 1,875 % Transurban Finance Co., Pty Ltd (MTN) 2014/2024  EUR | 200 000 | 207 940,00 |  |
| 3,875 % UniCredit SpA (MTN) 2020/perpetual *	EUR | 2 000 000 | 1 487 760,00 |  |
| 1,25  % Veolia Environnement SA (MTN) 2020/2028	EUR | 1 600 000 | 1 685 552,00 |  |
| 2,5	% Volkswagen International Finance NV 2015/2049 *  EUR | 1 000 000 | 983 045,00 |  |
| 0,114 % Volkswagen Leasing GmbH (MTN) 2017/2021 * .	EUR | 1 300 000 | 1 290 848,00 |  |
| 1,8	% Vonovia Finance BV (MTN) 2019/2025	EUR | 2 200 000 | 2 337 038,00 |  |
| Gesamtbetrag der Rückerstattungsansprüche aus Wertpapier-Darlehen |  | 100 115 493,29 | 100 115 493,29 |

Vertragspartner der Wertpapier-Darlehen
BNP Paribas Arbitrage SNC, BNP Paribas S.A., Barclays Capital Securities Limited, Citigroup Global Markets Limited FI, Crédit Suisse Securities (Europe) Ltd. FI, Deutsche Bank AG FI, Goldman Sachs Int., HSBC Bank PLC FI, J.P. Morgan Sec Ltd., J.P. Morgan Securities plc (Fix Income), Morgan Stanley Europe SE FI, RBC Europe Limited, Unicredit Bank AG
| Gesamtbetrag der bei Wertpapier-Darlehen von Dritten gewährten Sicherheiten | EUR | 109 977 005,98 |
| --- | --- | --- |
| davon: |  |  |
| Aktien | EUR | 13 732 592,17 |
| Schuldverschreibungen | EUR | 96 244 413,81 |

 Devisenkurse (in Mengennotiz)	
per 30.6.2020
| Schweizer Franken	CHF | 1,064768 | = EUR | 1 |
| --- | --- | --- | --- |
| Britisches Pfund	GBP | 0,911178 | = EUR | 1 |
| US-Dollar	USD | 1,120750 | = EUR | 1 |

 Erläuterungen zur Bewertung	
Die Anteilwerte werden in Verantwortung des Verwaltungsrats der SICAV durch die Verwaltungsgesellschaft ermittelt sowie die Bewertung der Vermögenswerte des Fondsvermögens durchgeführt. Die grundsätzliche Kursversorgung sowie die Preisvalidierung erfolgen nach den vom Verwaltungsrat der SICAV auf der Grundlage der in den gesetzlichen Bestimmungen/ Verordnungen bzw. im Prospekt der SICAV definierten Grundsätze für Bewertungsmethoden eingeführten Verfahren.
Sofern keine handelbaren Kurse vorliegen, werden Bewertungsmodelle zur Preisermittlung (abgeleitete Verkehrswerte) genutzt, die zwischen State Street Bank International GmbH, Luxembourg Branch, als externem Price Service Provider und der Verwaltungsgesellschaft abgestimmt sind und sich so weit als möglich auf Marktparameter stützen. Diese Vorgehensweise unterliegt einem permanenten Kontrollprozess. Preisauskünfte Dritter werden durch andere Preisquellen, modellhafte Rechnungen oder durch andere geeignete Verfahren auf Plausibilität geprüft.
Die in diesem Bericht ausgewiesenen Vermögenswerte werden nicht zu abgeleiteten Verkehrswerten bewertet.
In Klammern sind die aktuellen Verwaltungsvergütungs-/Kostenpauschalsätze zum Berichtsstichtag für die im Wertpapiervermögen enthaltenen Investmentanteile aufgeführt. Das Zeichen + bedeutet, dass darüber hinaus ggf. eine erfolgsabhängige Vergütung berechnet werden kann. Da der Investmentfonds im Berichtszeitraum andere Investmentanteile („Zielfonds“) hielt, können weitere Kosten, Gebühren und Vergütungen auf Ebene des Zielfonds angefallen sein.
 Fußnoten	
* Variabler Zinssatz.
** Diese Wertpapiere sind ganz oder teilweise verliehen.
*** Die abgegrenzte Platzierungsgebühr wird über einen Zeitraum von drei Jahren abgeschrieben (entsprechend Artikel 12 d) des Verwaltungsreglements – Allgemeiner Teil des Fonds).
**** Beinhaltet, sofern vorhanden, keine Positionen mit negativem Bestand.