# Contents
Kapital Plus
Fund assets in %
75 68.5 68.6
60
45
30
15
0
Bonds	Equities	Other securities		Cash reserves,
other assets

#### Development of net assets and unit value in a 3-year comparison
|  | 30/06/2020 | 31/12/2019 | 31/12/2018 | 31/12/2017 |
| --- | --- | --- | --- | --- |
| Net assets in EUR m - Unit class A (EUR) | WKN: 847 625/ISIN: DE0008476250 | 2,987.7 | 3,088.5 | 2,984.1 | 3,335.4 |
| - Unit class I (EUR) | WKN: 979 761/ISIN: DE0009797613 | 66.9 | 65.6 | 30.5 | 41.1 |
| - Unit class Multi Asset 30 CT (EUR)  1) | WKN: A2D U1Y/ISIN: DE000A2DU1Y2 | 3.2 | 971.61 2) | -- | -- |

| - Unit class P (EUR) | WKN: A14 N9U/ISIN: DE000A14N9U7 | 7.6 | 7.0 | 5.8 | 12.1 |
| --- | --- | --- | --- | --- | --- |
| - Unit class P2 (EUR) | WKN: 979 758/ISIN: DE0009797589 | 16.2 | 20.3 | 19.8 | 41.2 |
| - Unit class R (EUR) | WKN: A2D U1L/ISIN: DE000A2DU1L9 | 7.4 | 6.9 | 9.4 | 0.0 |
| Unit value in EUR |  |  |  |  |  |
| - Unit class A (EUR) | WKN: 847 625/ISIN: DE0008476250 | 65.64 | 66.14 | 59.73 | 63.81 |
| - Unit class I (EUR) | WKN: 979 761/ISIN: DE0009797613 | 1,147.13 | 1,158.64 | 1,046.33 | 1,111.93 |
| - Unit class Multi Asset 30 CT (EUR)  1) | WKN: A2D U1Y/ISIN: DE000A2DU1Y2 | 99.62 | 100.07 | -- | -- |
| - Unit class P (EUR) | WKN: A14 N9U/ISIN: DE000A14N9U7 | 1,069.76 | 1,080.48 | 975.74 | 1,036.94 |
| - Unit class P2 (EUR) | WKN: 979 758/ISIN: DE0009797589 | 1,186.52 | 1,199.29 | 1,083.03 | 1,149.27 |
| - Unit class R (EUR) | WKN: A2D U1L/ISIN: DE000A2DU1L9 | 103.75 | 104.76 | 94.62 | 100.41 |

1) 
Launch date: 17/12/2019
2) 
Not shown in EUR million due to the fund’s low volume
| Asset overview at 30/06/2020 |  |
| --- | --- |
| Breakdown by asset category – country | Market value in EUR | % of net assets  *) |  | Breakdown by asset category – currency | Market value in EUR | % of net assets  *) |
| I. Assets |  |  |  | I. Assets |  |  |
| 1. Equities | 918,389,006.21 | 29.74 |  | 1. Equities | 918,389,006.21 | 29.74 |
| Germany | 201,613,209.70 | 6.53 |  | CHF | 128,145,199.41 | 4.15 |
| France | 94,902,594.70 | 3.08 |  | DKK | 168,988,177.80 | 5.47 |
| The Netherlands | 84,269,324.70 | 2.74 |  | EUR | 448,318,039.35 | 14.54 |
| Ireland | 69,630,801.27 | 2.25 |  | GBP | 58,961,769.35 | 1.90 |
| Denmark | 168,988,177.80 | 5.47 |  | SEK | 113,975,820.30 | 3.68 |
| Spain | 23,650,496.70 | 0.77 |  | 2. Bonds | 2,119,568,708.69 | 68.63 |
| Sweden | 113,975,820.30 | 3.68 |  | EUR | 2,119,568,708.69 | 68.63 |
| Switzerland | 128,145,199.41 | 4.15 |  | 3. Other securities | 15,887,979.04 | 0.51 |
| UK | 33,213,381.63 | 1.07 |  | CHF | 15,887,979.04 | 0.51 |
| 2. Bonds | 2,119,568,708.69 | 68.63 |  | 4. Bank deposits, money market | 22,336,595.58 | 0.71 |
| Germany | 358,607,375.19 | 11.60 |  | instruments, money market funds and |  |  |
| France | 389,338,810.57 | 12.64 |  | money market-related funds |  |  |
| The Netherlands | 219,503,511.46 | 7.08 |  | 5. Other assets | 16,695,303.87 | 0.54 |

*) 
Minor rounding differences may be the result of percentage rounding during the calculation.
II. Liabilities	-3,859,780.05	-0.13
| Italy | 284,828,119.88 | 9.24 |
| --- | --- | --- |
| Ireland | 31,113,934.76 | 1.01 |
| Denmark | 2,123,220.00 | 0.07 |
| Portugal | 61,610,645.64 | 1.99 |
| Spain | 212,049,732.10 | 6.89 |
| Belgium | 53,540,334.29 | 1.73 |
| Luxembourg | 18,443,154.87 | 0.59 |
| Iceland | 1,602,216.00 | 0.05 |
| Norway | 34,043,421.88 | 1.10 |
| Sweden | 41,270,004.05 | 1.34 |
| Finland | 33,335,712.02 | 1.08 |
| Austria | 20,694,303.75 | 0.67 |
| Switzerland | 2,456,553.75 | 0.08 |
| Poland | 5,559,503.00 | 0.18 |
| UK | 49,618,136.21 | 1.60 |
| USA | 144,692,848.05 | 4.69 |
| Canada | 12,015,739.23 | 0.39 |
| Mexico | 11,533,605.61 | 0.37 |
| Republic of Korea | 1,258,703.29 | 0.04 |
| Japan | 9,012,313.50 | 0.29 |
| Australia | 17,108,134.93 | 0.55 |
| New Zealand | 2,762,743.95 | 0.09 |
| Others | 101,445,930.71 | 3.27 |
| 3. Other securities | 15,887,979.04 | 0.51 |
| Switzerland | 15,887,979.04 | 0.51 |
| 4. Bank deposits, money market instruments, money market funds and | 22,336,595.58 | 0.71 |
| money market-related funds |  |  |
| 5. Other assets | 16,695,303.87 | 0.54 |
| II. Liabilities | -3,859,780.05 | -0.13 |
| III. Fund assets | 3,089,017,813.34 | 100.00 |

III. Fund assets	3,089,017,813.34	100.00

#### Investment portfolio at 30/06/2020
ISIN	Securities	Market	Shares/	Balance   Purchases Redemptions	Price	Market value	% of net
Units/	30/06/2020	EUR	assets
Currency	in the period under review
| Exchange-traded securities |  |  |  |  |  | 2,962,805,950.91 | 95.92 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equities |  |  |  |  |  | 918,389,006.21 | 29.74 |
| Germany |  |  |  |  |  | 201,613,209.70 | 6.53 |
| DE000A1EWWW0  adidas AG Namens-Aktien | SHS | 119,175 | 125,082 | 5,907 EUR | 232.400 | 27,696,270.00 | 0.90 |
| DE0005785604	Fresenius SE & Co. KGaA Inhaber-Stammaktien | SHS | 427,755 | 37,317 | 50,619 EUR | 43.610 | 18,654,395.55 | 0.60 |
| DE0006231004	Infineon Technologies AG Namens-Aktien | SHS | 2,146,650 | 187,274 | 254,027 EUR | 20.590 | 44,199,523.50 | 1.43 |
| DE000A0D9PT0	MTU Aero Engines AG Namens-Aktien | SHS | 103,379 | 67,777 | 10,428 EUR | 155.200 | 16,044,420.80 | 0.52 |
| DE0006452907	Nemetschek SE Inhaber-Aktien | SHS | 114,247 | 9,966 | 13,518 EUR | 60.650 | 6,929,080.55 | 0.22 |
| DE0007164600	SAP SE Inhaber-Aktien | SHS | 472,026 | 41,179 | 55,857 EUR | 122.300 | 57,728,779.80 | 1.88 |
| DE000ZAL1111	Zalando SE Inhaber-Aktien | SHS | 478,725 | 115,658 | 28,462 EUR | 63.420 | 30,360,739.50 | 0.98 |
| France |  |  |  |  |  | 94,902,594.70 | 3.08 |
| FR0000130650	Dassault Systemes SE Actions Port. | SHS | 166,024 | 46,179 | 9,107 EUR | 151.650 | 25,177,539.60 | 0.82 |
| FR0010307819	Legrand S.A. Actions au Porteur | SHS | 178,550 | 116,412 | 13,627 EUR | 67.680 | 12,084,264.00 | 0.39 |
| FR0000120321	L’Oréal S.A. Actions Port. FR0000121014	LVMH Moët Henn. L. Vuitton | SHS | 92,884 | 18,205 | 9,680 EUR | 284.600 | 26,434,786.40 | 0.86 |
| SE Action Port.(C.R.) | SHS | 80,314 | 10,495 | 9,051 EUR | 388.550 | 31,206,004.70 | 1.01 |
| The Netherlands |  |  |  |  |  | 84,269,324.70 | 2.74 |
| NL0010273215	ASML Holding N.V. Aandelen op naam | SHS | 208,229 | 18,166 | 35,453 EUR | 324.350 | 67,539,076.15 | 2.20 |
| NL0000388619	Unilever N.V. Aandelen op naam | SHS | 351,107 | 36,667 | 218,701 EUR | 47.650 | 16,730,248.55 | 0.54 |
| Ireland |  |  |  |  |  | 69,630,801.27 | 2.25 |
| IE0002424939	DCC PLC Reg.Shares | SHS | 352,104 | 30,716 | 41,665 GBP | 66.820 | 25,748,387.72 | 0.83 |
| IE0004906560	Kerry Group PLC Reg.Shares | SHS | 194,392 | 16,959 | 23,003 EUR | 109.600 | 21,305,363.20 | 0.69 |
| IE0004927939	Kingspan Group PLC Reg.Shares | SHS | 395,049 | 34,463 | 46,747 EUR | 57.150 | 22,577,050.35 | 0.73 |
| Denmark |  |  |  |  |  | 168,988,177.80 | 5.47 |
| DK0060946788	Ambu A/S Navne-Aktier B | SHS | 1,097,879 | 133,721 | 129,918 DKK | 212.200 | 31,261,479.52 | 1.01 |
| DK0060227585	Christian Hansen Holding AS Navne-Aktier | SHS | 108,167 | 117,645 | 9,478 DKK | 678.200 | 9,843,787.74 | 0.32 |
| DK0060448595	Coloplast AS Navne-Aktier B | SHS | 225,296 | 11,459 | 48,709 DKK | 1,022.500 | 30,911,954.70 | 1.00 |
| DK0060079531	DSV Panalpina A/S Indehaver Bonus-Aktier | SHS | 465,138 | 40,578 | 55,042 DKK | 805.200 | 50,256,849.24 | 1.63 |
| DK0060534915	Novo-Nordisk AS Navne-Aktier B | SHS | 802,507 | 70,011 | 94,965 DKK | 433.800 | 46,714,106.60 | 1.51 |
| Spain |  |  |  |  |  | 23,650,496.70 | 0.77 |
| ES0109067019	Amadeus IT Group S.A. Acciones Port. | SHS | 217,942 | 36,781 | 253,560 EUR | 46.590 | 10,153,917.78 | 0.33 |
| ES0148396007	Industria de Diseño Textil SA Acciones Port. | SHS | 572,374 | 60,752 | 206,423 EUR | 23.580 | 13,496,578.92 | 0.44 |
| Sweden |  |  |  |  |  | 113,975,820.30 | 3.68 |
| SE0007100581	Assa-Abloy AB Namn-Aktier B | SHS | 1,333,399 | 116,326 | 157,789 SEK | 190.250 | 24,185,833.37 | 0.78 |
| SE0011166610	Atlas Copco AB Namn-Aktier | SHS | 815,355 | 71,131 | 96,486 SEK | 395.200 | 30,721,324.85 | 0.99 |
| SE0011166933	Epiroc AB Namn-Aktier | SHS | 1,409,423 | 728,716 | 115,006 SEK | 116.150 | 15,607,625.45 | 0.51 |
| SE0000103699	Hexagon AB Namn-Aktier B (fria) | SHS | 561,606 | 48,994 | 66,457 SEK | 539.200 | 28,870,738.19 | 0.93 |
| SE0007074281	Hexpol AB Namn-Aktier B | SHS | 1,016,180 | 88,651 | 120,250 SEK | 68.200 | 6,607,410.42 | 0.21 |
| SE0000114837	Trelleborg AB Namn-Aktier B (fria) | SHS | 623,691 | 31,767 | 308,552 SEK | 134.250 | 7,982,888.02 | 0.26 |
| Switzerland |  |  |  |  |  | 128,145,199.41 | 4.15 |
| CH0210483332	Cie Financière Richemont AG Namens-Aktien | SHS | 125,741 | 19,564 | 147,451 CHF | 60.120 | 7,074,586.05 | 0.23 |
| CH0013841017	Lonza Group AG Namens-Aktien | SHS | 41,168 | 26,230 | 3,045 CHF | 497.400 | 19,163,317.77 | 0.62 |
| CH0024608827	Partners Group Holding AG Namens-Aktien | SHS | 41,095 | 6,164 | 4,782 CHF | 850.600 | 32,712,935.29 | 1.06 |
| CH0418792922	Sika AG Namens-Aktien | SHS | 236,072 | 20,594 | 27,935 CHF | 182.950 | 40,418,672.41 | 1.31 |
| CH0012453913	Temenos AG Nam.-Aktien | SHS | 146,777 | 89,050 | 13,366 CHF | 143.600 | 19,725,026.62 | 0.64 |
| CH0311864901	VAT Group AG Namens-Aktien | SHS | 56,457 | 4,924 | 6,680 CHF | 171.300 | 9,050,661.27 | 0.29 |
| UK |  |  |  |  |  | 33,213,381.63 | 1.07 |
| GB0030927254	ASOS PLC Reg.Shares | SHS | 103,299 | 14,113 | 215,801 GBP | 33.450 | 3,781,506.48 | 0.12 |
| GB00BD6K4575	Compass Group PLC Reg.Shares | SHS | 378,226 | 221,533 | 1,067,040 GBP | 11.120 | 4,602,870.72 | 0.15 |
| GB00B24CGK77	Reckitt Benckiser Group Reg.Shares | SHS | 46,700 | 5,639 | 295,443 GBP | 74.069 | 3,785,526.28 | 0.12 |
| GB00BWFGQN14 Spirax-Sarco Engineering PLC Reg.Shares | SHS | 83,043 | 7,244 | 9,825 GBP | 100.150 | 9,101,785.44 | 0.29 |
| GB0007669376	St. James’s Place PLC Reg.Shares | SHS | 1,154,191 | 60,667 | 626,158 GBP | 9.454 | 11,941,692.71 | 0.39 |
| Interest-bearing securities |  |  |  |  |  | 2,028,528,965.66 | 65.67 |
| EUR bonds |  |  |  |  |  | 2,028,528,965.66 | 65.67 |
| XS2076154801	0.1000 % Abbott Ireland Financing |  |  |  |  |  |  |  |
| DAC Notes 19/24 | EUR | 2,400,000 | 0 | 0  % | 99.574 | 2,389,779.36 | 0.08 |
| XS2055646918	0.7500 % AbbVie Inc. Notes 19/27 XS1967635977	2.3750 % Abertis Infraestructuras | EUR | 3,050,000 | 0 | 0  % | 100.177 | 3,055,391.18 | 0.10 |
| S.A. MTN 19/27 XS2055651918	1.1250 % Abertis Infraestructuras | EUR | 3,000,000 | 0 | 0  % | 100.766 | 3,022,989.30 | 0.10 |
| S.A. MTN 19/28 | EUR | 3,900,000 | 0 | 0  % | 91.416 | 3,565,221.27 | 0.12 |
| XS1344751968	0.8750 % ABN AMRO Bank N.V. Cov. MTN 16/26 | EUR | 10,000,000 | 0 | 0  % | 106.742 | 10,674,206.00 | 0.35 |
| XS1548458014	1.1250 % ABN AMRO Bank N.V. Cov. MTN 17/32 XS2102283061	0.6000 % ABN AMRO Bank N.V. | EUR | 4,000,000 | 0 | 0  % | 113.999 | 4,559,977.60 | 0.15 |
| Non-Pref. MTN 20/27 | EUR | 2,200,000 | 2,200,000 | 0  % | 98.710 | 2,171,616.26 | 0.07 |


#### Investment portfolio at 30/06/2020
ISIN	Securities	Market	Shares/	Balance   Purchases Redemptions	Price	Market value	% of net
Units/	30/06/2020	EUR	assets
Currency	in the period under review
| XS1917577931 | 0.2500 % ABN AMRO Bank N.V. |  |
| --- | --- | --- |
| XS1935139995 | Preferred MTN 18/21 0.8750 % ABN AMRO Bank N.V. | EUR | 4,100,000 | 0 | 0 | % | 100.362 | 4,114,839.95 | 0.13 |
| XS1357663050 | Preferred MTN 19/24 0.8750 % AIB Mortgage Bank | EUR | 2,400,000 | 0 | 0 | % | 103.014 | 2,472,336.24 | 0.08 |
|  | Mortg. Cov. MTN 16/23 | EUR | 4,350,000 | 0 | 0 | % | 103.373 | 4,496,706.36 | 0.15 |
| XS1391625289 | 1.1250 % Akzo Nobel N.V. MTN 16/26 | EUR | 2,650,000 | 0 | 0 | % | 105.313 | 2,790,797.68 | 0.09 |
| XS1843444081 XS1550134602 | 1.0000 % Altria Group Inc. Notes 19/23 0.7500 % American Honda Finance | EUR | 2,600,000 | 0 | 0 | % | 101.052 | 2,627,353.04 | 0.09 |
|  | Corp. MTN S.A 17/24 | EUR | 2,600,000 | 0 | 0 | % | 100.784 | 2,620,385.56 | 0.08 |
| XS1369278251 XS1935204641 | 1.2500 % Amgen Inc. Notes 16/22 0.5000 % ANZ New Zealand (Itl) | EUR | 2,000,000 | 0 | 0 | % | 101.662 | 2,033,233.40 | 0.07 |
|  | (Ldn Br.) Mort.Cov. MTN 19/24 | EUR | 2,700,000 | 0 | 0 | % | 102.324 | 2,762,743.95 | 0.09 |
| FR0012300812 | 1.8750 % APRR MTN 14/25 | EUR | 2,200,000 | 0 | 0 | % | 106.855 | 2,350,812.42 | 0.08 |
| FR0013220258 | 1.2500 % APRR MTN 16/27 | EUR | 2,400,000 | 0 | 0 | % | 105.741 | 2,537,778.96 | 0.08 |
| FR0013477486 | 0.0000 % APRR MTN 20/23 | EUR | 1,900,000 | 1,900,000 | 0 | % | 99.465 | 1,889,826.45 | 0.06 |
| FR0012452191 | 1.5000 % Arkema S.A. MTN 15/25 | EUR | 5,000,000 | 0 | 0 | % | 104.591 | 5,229,531.50 | 0.17 |
| XS1032529205 | 3.3750 % ASTM S.p.A. MTN 14/24 | EUR | 5,000,000 | 0 | 0 | % | 105.168 | 5,258,397.00 | 0.17 |
| XS0896144655 FR0010491720 | 2.5000 % Atlas Copco AB MTN 13/23 5.6250 % Autoroutes du Sud de | EUR | 5,000,000 | 0 | 0 | % | 106.511 | 5,325,528.00 | 0.17 |
| FR0013169885 | la France MTN 07/22 1.0000 % Autoroutes du Sud de | EUR | 4,100,000 | 0 | 0 | % | 110.783 | 4,542,098.49 | 0.15 |
| FR0013231099 | la France MTN 16/26 1.2500 % Autoroutes du Sud de | EUR | 1,800,000 | 0 | 0 | % | 104.869 | 1,887,648.66 | 0.06 |
|  | la France MTN 17/27 | EUR | 1,900,000 | 0 | 0 | % | 106.495 | 2,023,402.72 | 0.07 |
| XS1107731702 | 1.3750 % Bank of America Corp. MTN 14/21 | EUR | 3,800,000 | 0 | 0 | % | 101.574 | 3,859,812.76 | 0.12 |
| XS1079726334 | 2.3750 % Bank of America Corp. MTN 14/24 | EUR | 8,800,000 | 0 | 0 | % | 107.595 | 9,468,398.72 | 0.31 |
| XS1369268534 | 0.3750 % BAWAG P.S.K. MT Bonds 16/22 | EUR | 4,200,000 | 0 | 0 | % | 101.168 | 4,249,045.08 | 0.14 |
| XS1548792420 | 0.2500 % Berkshire Hathaway Inc. Notes 17/21 | EUR | 1,700,000 | 0 | 0 | % | 100.140 | 1,702,383.74 | 0.06 |
| DE000BHY0BC4 XS1121177767 | 0.2500 % Berlin Hyp AG Hyp.-Pfe. S.196 16/23 1.7500 % Bertelsmann SE & Co. | EUR | 5,400,000 | 0 | 0 | % | 101.708 | 5,492,256.30 | 0.18 |
| XS1400165350 | KGaA MTN Anl. 14/24 1.1250 % Bertelsmann SE & Co. | EUR | 3,200,000 | 0 | 0 | % | 106.285 | 3,401,133.44 | 0.11 |
|  | KGaA MTN Anl. 16/26 | EUR | 2,200,000 | 0 | 0 | % | 104.155 | 2,291,399.66 | 0.07 |
| XS1948612905 | 0.6250 % BMW Finance N.V. MTN 19/23 | EUR | 2,250,000 | 0 | 0 | % | 101.043 | 2,273,475.83 | 0.07 |
| XS2055727916 | 0.0000 % BMW Finance N.V. MTN 19/23 | EUR | 2,550,000 | 0 | 0 | % | 99.149 | 2,528,294.66 | 0.08 |
| XS1368698251 | 0.2500 % BNG Bank N.V. MTN 16/23 | EUR | 6,000,000 | 0 | 0 | % | 101.653 | 6,099,167.40 | 0.20 |
| XS1342516629 BE0002586643 | 1.0000 % BNG Bank N.V. MTN 16/26 0.8750 % BNP Paribas Fortis S.A. | EUR | 10,000,000 | 0 | 0 | % | 107.020 | 10,702,001.00 | 0.35 |
| FR0013106622 | MT Mortg.Cov. Bds 18/28 0.2500 % BNP Paribas Home Loan | EUR | 5,900,000 | 0 | 0 | % | 108.342 | 6,392,166.79 | 0.21 |
|  | SFH MT Obl.Fin.Hab. 16/21 | EUR | 6,000,000 | 0 | 0 | % | 100.679 | 6,040,743.00 | 0.20 |
| FR0013476611 FR0013484458 | 1.1250 % BNP Paribas S.A. FLR MTN 20/32 0.5000 % BNP Paribas S.A. FLR | EUR | 2,900,000 | 2,900,000 | 0 | % | 96.460 | 2,797,329.27 | 0.09 |
|  | Non-Pref. MTN 20/28 | EUR | 3,200,000 | 3,200,000 | 0 | % | 97.412 | 3,117,193.60 | 0.10 |
| XS0847433561 | 2.8750 % BNP Paribas S.A. MTN 12/22 | EUR | 3,000,000 | 0 | 0 | % | 106.546 | 3,196,371.00 | 0.10 |
| XS1527753187 | 0.5000 % BNP Paribas S.A. MTN 16/22 | EUR | 2,850,000 | 0 | 0 | % | 101.015 | 2,878,927.22 | 0.09 |
| XS1345331299 | 1.1250 % BNP Paribas S.A. MTN 16/23 | EUR | 5,000,000 | 0 | 0 | % | 102.781 | 5,139,048.50 | 0.17 |
| XS2070192591 | 0.6250 % Boston Scientific Corp. Notes 19/27 | EUR | 1,250,000 | 0 | 0 | % | 99.010 | 1,237,628.75 | 0.04 |
| XS1527126772 | 1.1170 % BP Capital Markets PLC MTN 16/24 | EUR | 1,800,000 | 0 | 0 | % | 102.626 | 1,847,260.44 | 0.06 |
| FR0013312501 | 1.6250 % BPCE S.A. Non-Pref. MTN 18/28 | EUR | 6,000,000 | 0 | 0 | % | 106.003 | 6,360,185.40 | 0.21 |
| FR0013396447 | 1.0000 % BPCE S.A. Preferred MTN 19/24 | EUR | 2,600,000 | 0 | 0 | % | 103.346 | 2,687,008.22 | 0.09 |
| FR0013111903 | 0.3750 % BPCE SFH MT Obl.Fin.Hab. 16/23 | EUR | 3,600,000 | 0 | 0 | % | 101.936 | 3,669,691.32 | 0.12 |
| FR0013383346 XS1385945131 | 0.7500 % BPCE SFH MT Obl.Fin.Hab. 18/26 2.3750 % Bque Fédérative du | EUR | 4,800,000 | 0 | 0 | % | 106.604 | 5,116,980.00 | 0.17 |
| XS1548802914 | Cr. Mutuel MTN 16/26 0.3750 % Bque Fédérative du | EUR | 4,300,000 | 0 | 0 | % | 105.367 | 4,530,773.69 | 0.15 |
| XS1824240136 | Cr. Mutuel MTN 17/22 2.5000 % Bque Fédérative du | EUR | 2,900,000 | 0 | 0 | % | 100.450 | 2,913,059.86 | 0.09 |
| FR0013476553 | Cr. Mutuel MTN 18/28 0.7500 % Bque Fédérative du Cr. | EUR | 3,000,000 | 0 | 0 | % | 107.848 | 3,235,425.00 | 0.10 |
| FR0013386539 | Mutuel Non-Pref. MTN 20/30 0.7500 % Bque Fédérative du Cr. | EUR | 4,300,000 | 4,300,000 | 0 | % | 99.336 | 4,271,438.11 | 0.14 |
|  | Mutuel Preferred MTN 19/23 | EUR | 3,900,000 | 0 | 0 | % | 101.985 | 3,977,398.62 | 0.13 |


#### Investment portfolio at 30/06/2020
ISIN	Securities	Market	Shares/	Balance   Purchases Redemptions	Price	Market value	% of net
Units/	30/06/2020	EUR	assets
Currency	in the period under review
| XS1377680381 | 0.6250 % British Telecommunications |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | PLC MTN 16/21 | EUR | 2,900,000 | 0 | 0 | % | 100.289 | 2,908,380.71 | 0.09 |
| DE0001102424 | 0.5000 % Bundesrep.Deutschland Anl. 17/27 | EUR | 10,750,000 | 0 | 25,000,000 | % | 108.431 | 11,656,332.50 | 0.38 |
| DE0001102465 | 0.2500 % Bundesrep.Deutschland Anl. 19/29 | EUR | 27,000,000 | 14,000,000 | 0 | % | 107.342 | 28,982,337.30 | 0.94 |
| DE0001102499 FR0013088424 | 0.0000 % Bundesrep.Deutschland Anl. 20/30 0.5000 % Caisse Francaise d.Financ. | EUR | 85,000,000 | 85,000,000 | 0 | % | 105.064 | 89,304,391.50 | 2.90 |
| XS1796257092 | Loc. MT Obl.Fonc. 16/22 0.7500 % Canadian Imperial Bk | EUR | 5,000,000 | 0 | 0 | % | 101.580 | 5,078,985.50 | 0.16 |
|  | of Comm. MTN 18/23 | EUR | 5,100,000 | 0 | 0 | % | 101.957 | 5,199,800.37 | 0.17 |
| XS1401331753 FR0013106630 | 0.7500 % Carrefour S.A. MTN 16/24 1.0000 % Cie de Financement | EUR | 750,000 | 0 | 0 | % | 101.832 | 763,740.00 | 0.02 |
| FR0013413382 | Foncier MT Obl. Fonc. 16/26 0.3750 % Cie de Financement | EUR | 6,000,000 | 0 | 0 | % | 107.146 | 6,428,736.60 | 0.21 |
| FR0013445129 | Foncier MT Obl. Fonc. 19/27 0.0100 % Cie de Financement | EUR | 3,300,000 | 0 | 0 | % | 104.079 | 3,434,619.21 | 0.11 |
|  | Foncier MT Obl. Fonc. 19/27 | EUR | 9,000,000 | 0 | 0 | % | 101.554 | 9,139,833.90 | 0.30 |
| XS1068874970 | 2.3750 % Citigroup Inc. MTN 14/24 | EUR | 3,800,000 | 0 | 0 | % | 107.452 | 4,083,167.26 | 0.13 |
| XS1107727007 XS1377682676 | 2.1250 % Citigroup Inc. MTN 14/26 1.8750 % Coca Cola HBC | EUR | 6,800,000 | 0 | 0 | % | 109.174 | 7,423,810.92 | 0.24 |
| XS2082345955 | Finance B.V. MTN 16/24 0.6250 % Coca Cola HBC | EUR | 1,550,000 | 0 | 0 | % | 106.718 | 1,654,123.73 | 0.05 |
| XS1357027496 | Finance B.V. MTN 19/29 0.3750 % Commonwealth Bank of | EUR | 2,750,000 | 0 | 0 | % | 98.019 | 2,695,524.15 | 0.09 |
| XS1637093508 | Australia Mrtg.Cov. MTN 16/21 0.6250 % Compass Group Fin. | EUR | 4,600,000 | 0 | 0 | % | 100.464 | 4,621,326.52 | 0.15 |
|  | Netherl. BV MTN 17/24 | EUR | 5,600,000 | 0 | 0 | % | 101.061 | 5,659,427.20 | 0.18 |
| XS2056430874 XS1180130939 | 0.3750 % Continental AG MTN 19/25 1.3750 % Coöperatieve Rabobank | EUR | 3,500,000 | 0 | 0 | % | 95.573 | 3,345,050.45 | 0.11 |
| XS1956955980 | U.A. MTN 15/27 0.6250 % Coöperatieve Rabobank | EUR | 7,000,000 | 0 | 0 | % | 109.159 | 7,641,103.40 | 0.25 |
| FR0013113453 | U.A. Non-Preferred MTN 19/24 0.3750 % Crédit Mutuel HomeLoan | EUR | 2,900,000 | 0 | 0 | % | 101.097 | 2,931,821.12 | 0.09 |
|  | SFH SA MT Obl.Fin.Hab.16/22 | EUR | 4,800,000 | 0 | 0 | % | 101.626 | 4,878,029.28 | 0.16 |
| XS2078761785 XS2082333787 | 1.3750 % Danske Bank AS FLR MTN 19/30 0.3000 % DekaBank Dt.Girozentrale | EUR | 2,200,000 | 0 | 0 | % | 96.510 | 2,123,220.00 | 0.07 |
| XS0969368934 | MTN Anl. Ausg.150 19/26 2.5000 % Deutsche Bahn Finance | EUR | 1,400,000 | 0 | 0 | % | 101.415 | 1,419,803.70 | 0.05 |
|  | GmbH MTN 13/23 | EUR | 3,100,000 | 0 | 0 | % | 107.978 | 3,347,314.59 | 0.11 |
| DE000DL19TA6 | 1.5000 % Deutsche Bank AG MTN 17/22 | EUR | 5,000,000 | 0 | 0 | % | 100.577 | 5,028,835.00 | 0.16 |
| DE000DL19UQ0 | 1.6250 % Deutsche Bank AG MTN 19/21 | EUR | 3,300,000 | 0 | 0 | % | 100.468 | 3,315,448.95 | 0.11 |
| DE000DL19U23 DE000DHY4614 | 1.6250 % Deutsche Bank AG MTN 20/27 0.2500 % Deutsche Hypothekenbank | EUR | 2,500,000 | 2,500,000 | 0 | % | 99.192 | 2,479,797.25 | 0.08 |
|  | MTN Hyp.-Pfe. S.461 16/23 | EUR | 6,000,000 | 0 | 0 | % | 101.563 | 6,093,768.60 | 0.20 |
| XS0977496636 | 2.7500 % Deutsche Post AG MTN 13/23 | EUR | 5,000,000 | 0 | 0 | % | 109.725 | 5,486,246.50 | 0.18 |
| XS1388661651 XS0525787874 | 0.3750 % Deutsche Post AG MTN 16/21 4.2500 % Deutsche Telekom | EUR | 1,900,000 | 0 | 0 | % | 100.137 | 1,902,610.22 | 0.06 |
| XS1382792197 | Intl Fin.B.V. MTN 10/22 0.6250 % Deutsche Telekom | EUR | 5,000,000 | 0 | 0 | % | 108.369 | 5,418,467.50 | 0.18 |
|  | Intl Fin.B.V. MTN 16/23 | EUR | 3,100,000 | 0 | 0 | % | 101.281 | 3,139,696.74 | 0.10 |
| XS1348774644 | 0.7500 % Dexia Crédit Local S.A. MTN 16/23 | EUR | 4,850,000 | 0 | 0 | % | 102.672 | 4,979,592.97 | 0.16 |
| XS1637162592 XS1396253236 | 1.2000 % DH Europe Finance S.a.r.l. Notes 17/27 0.2500 % DNB Boligkreditt A.S. | EUR | 6,250,000 | 0 | 0 | % | 103.746 | 6,484,135.00 | 0.21 |
| XS1548410080 | Mortg. Cov. MTN 16/23 0.0500 % DNB Boligkreditt A.S. | EUR | 4,800,000 | 0 | 0 | % | 101.651 | 4,879,239.84 | 0.16 |
| DE000A13SWC0 | Mortg. Cov. MTN 17/22 0.5000 % Dt. Pfandbriefbank AG | EUR | 5,000,000 | 0 | 0 | % | 100.670 | 5,033,503.50 | 0.16 |
|  | MTN Hyp.-Pfe. R.15249 16/23 | EUR | 5,500,000 | 0 | 0 | % | 102.231 | 5,622,692.90 | 0.18 |
| XS1379591271 | 1.2500 % DVB Bank SE MTN IHS 16/21 | EUR | 3,000,000 | 0 | 0 | % | 100.476 | 3,014,293.20 | 0.10 |
| XS1555094066 DE000A161ZQ3 | 1.0000 % DVB Bank SE MTN IHS 17/22 0.7500 % DZ HYP AG MTN Hyp.- | EUR | 5,100,000 | 0 | 0 | % | 99.912 | 5,095,533.93 | 0.16 |
| DE000A2GSP56 | Pfe. R.371 15/26 [WL] 0.8750 % DZ HYP AG MTN Hyp.- | EUR | 5,000,000 | 0 | 0 | % | 106.039 | 5,301,935.00 | 0.17 |
|  | Pfe. R.392 18/28 [WL] | EUR | 9,400,000 | 0 | 0 | % | 108.612 | 10,209,529.88 | 0.33 |
| XS2069380488 | 0.0000 % E.ON SE MTN 19/22 | EUR | 3,150,000 | 0 | 0 | % | 99.629 | 3,138,298.07 | 0.10 |
| XS2103015009 | 0.0000 % E.ON SE MTN 20/23 | EUR | 3,400,000 | 3,400,000 | 0 | % | 99.186 | 3,372,338.62 | 0.11 |


#### Investment portfolio at 30/06/2020
ISIN	Securities	Market	Shares/	Balance   Purchases Redemptions	Price	Market value	% of net
Units/	30/06/2020	EUR	assets
Currency	in the period under review
| XS1255433754 | 2.6250 % Ecolab Inc. Notes 15/25 | EUR | 5,000,000 | 0 | 0 | % | 110.665 | 5,533,249.50 | 0.18 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| XS1721051495 XS1403388694 | 1.5000 % EDP Finance B.V. MTN 17/27 1.3750 % Enagás Financiaciones | EUR | 6,000,000 | 0 | 0 | % | 105.988 | 6,359,284.80 | 0.21 |
|  | S.A.U. MTN 16/28 | EUR | 3,300,000 | 0 | 0 | % | 108.400 | 3,577,214.19 | 0.12 |
| XS1937665955 | 1.5000 % ENEL Finance Intl N.V. MTN 19/25 | EUR | 2,000,000 | 0 | 0 | % | 106.027 | 2,120,545.80 | 0.07 |
| FR0013455813 | 0.5000 % Engie S.A. MTN 19/30 | EUR | 1,900,000 | 0 | 0 | % | 97.908 | 1,860,249.15 | 0.06 |
| XS1412593185 DE000EAA0517 | 0.7500 % ENI S.p.A. MTN 16/22 0.0000 % Erste Abwicklungsanstalt | EUR | 2,400,000 | 0 | 0 | % | 100.822 | 2,419,729.68 | 0.08 |
| XS1346557637 | IHS MTN 19/22 0.6250 % Erste Group Bank | EUR | 9,000,000 | 0 | 0 | % | 101.020 | 9,091,806.30 | 0.29 |
| EU000A1G0DC6 | AG MT Hyp.-Pfe. 16/23 0.5000 % Europ.Fin.Stab.Facility | EUR | 4,800,000 | 0 | 0 | % | 102.453 | 4,917,733.92 | 0.16 |
| EU000A1G0EA8 | (EFSF) MTN 15/23 0.2000 % Europ.Fin.Stab.Facility | EUR | 10,000,000 | 0 | 0 | % | 102.812 | 10,281,197.00 | 0.33 |
| EU000A1U9944 | (EFSF) MTN 18/24 0.5000 % Europäischer Stabilitäts. | EUR | 20,000,000 | 0 | 0 | % | 102.569 | 20,513,822.00 | 0.66 |
| XS1280834992 | (ESM) MTN 16/26 0.5000 % European Investment | EUR | 20,000,000 | 0 | 0 | % | 105.490 | 21,098,012.00 | 0.68 |
| XS1950839677 | Bank MTN 15/23 0.0500 % European Investment | EUR | 20,000,000 | 0 | 0 | % | 103.847 | 20,769,464.00 | 0.67 |
| XS1938387237 | Bank MTN 19/24 0.6250 % European Investment | EUR | 15,300,000 | 0 | 0 | % | 102.526 | 15,686,458.11 | 0.51 |
|  | Bank MTN 19/29 | EUR | 12,000,000 | 0 | 0 | % | 109.141 | 13,096,977.60 | 0.42 |
| XS1937060884 | 0.7000 % Fedex Corp. Notes 19/22 | EUR | 1,750,000 | 0 | 0 | % | 100.527 | 1,759,214.63 | 0.06 |
| XS1956028168 DE000A1680J6 | 0.8750 % Fortum Oyj MTN 19/23 0.5000 % Freie Hansestadt Bremen | EUR | 2,100,000 | 0 | 0 | % | 101.072 | 2,122,521.87 | 0.07 |
| DE000A1680L2 | Landessch. Ausg.201 15/22 0.3750 % Freie Hansestadt Bremen | EUR | 6,000,000 | 0 | 0 | % | 101.994 | 6,119,621.40 | 0.20 |
| DE000A1YCQK7 | Landessch. Ausg.203 16/24 0.5000 % Freie u.Hansestadt Hamburg | EUR | 10,000,000 | 0 | 0 | % | 102.701 | 10,270,067.00 | 0.33 |
| XS1554373164 | Landessch. Ausg.2 16/26 0.8750 % Fresenius Finance | EUR | 10,000,000 | 0 | 0 | % | 105.008 | 10,500,800.00 | 0.34 |
|  | Ireland PLC MTN 17/22 1 | EUR | 3,800,000 | 0 | 0 | % | 100.468 | 3,817,787.04 | 0.12 |
| XS1936208419 XS1485748393 | 2.8750 % Fresenius SE & Co. KGaA MTN 19/29 0.9550 % General Motors | EUR | 3,000,000 | 0 | 0 | % | 114.909 | 3,447,282.30 | 0.11 |
| XS2049548444 | Financial Co. MTN 16/23 0.2000 % General Motors | EUR | 10,000,000 | 0 | 0 | % | 95.841 | 9,584,106.00 | 0.31 |
| XS1939356645 | Financial Co. MTN 19/22 2.2000 % General Motors | EUR | 2,150,000 | 0 | 0 | % | 96.293 | 2,070,297.14 | 0.07 |
|  | Financial Co. MTN 19/24 | EUR | 1,900,000 | 0 | 0 | % | 98.464 | 1,870,810.49 | 0.06 |
| XS1147605791 | 1.3750 % GlaxoSmithKline Cap. PLC MTN 14/24 | EUR | 5,000,000 | 0 | 0 | % | 105.533 | 5,276,645.00 | 0.17 |
| XS1529515584 XS1549372420 | 1.5000 % HeidelbergCement AG MTN 16/25 0.5000 % HeidelbergCement Fin. | EUR | 1,300,000 | 0 | 0 | % | 101.975 | 1,325,672.92 | 0.04 |
|  | Lux. S.A. MTN 17/21 | EUR | 4,350,000 | 0 | 0 | % | 100.070 | 4,353,051.96 | 0.14 |
| XS1330434389 | 1.5000 % Heineken N.V. MTN 15/24 | EUR | 3,000,000 | 0 | 0 | % | 105.104 | 3,153,126.30 | 0.10 |
| XS1401174633 | 1.0000 % Heineken N.V. MTN 16/26 | EUR | 4,850,000 | 0 | 0 | % | 103.405 | 5,015,138.14 | 0.16 |
| XS1527192485 | 1.3750 % Heineken N.V. MTN 16/27 | EUR | 1,300,000 | 0 | 0 | % | 105.967 | 1,377,576.20 | 0.04 |
| XS2047479469 | 0.5000 % HELLA GmbH & Co. KGaA Anl. 19/27 | EUR | 2,000,000 | 0 | 0 | % | 93.568 | 1,871,354.40 | 0.06 |
| XS1527758145 XS1398476793 | 1.0000 % Iberdrola Finanzas S.A. MTN 16/24 1.1250 % Iberdrola International | EUR | 1,900,000 | 0 | 0 | % | 102.926 | 1,955,584.69 | 0.06 |
| XS1951313680 | B.V. MTN 16/26 1.1250 % Imperial Brands | EUR | 3,300,000 | 0 | 0 | % | 105.148 | 3,469,870.80 | 0.11 |
|  | Finance PLC MTN 19/23 | EUR | 2,150,000 | 0 | 0 | % | 100.984 | 2,171,163.31 | 0.07 |
| XS0748187902 | 4.5000 % ING Bank N.V. MTN 12/22 | EUR | 4,000,000 | 0 | 0 | % | 107.365 | 4,294,597.60 | 0.14 |
| XS1914937021 | 0.3750 % ING Bank N.V. MTN 18/21 | EUR | 4,100,000 | 0 | 0 | % | 100.448 | 4,118,374.15 | 0.13 |
| XS1796079488 | 2.0000 % ING Groep N.V. FLR MTN 18/30 | EUR | 4,800,000 | 0 | 0 | % | 102.336 | 4,912,127.04 | 0.16 |
| XS2049154078 | 0.1000 % ING Groep N.V. FLR MTN 19/25 | EUR | 2,200,000 | 0 | 0 | % | 97.892 | 2,153,614.76 | 0.07 |
| XS2079079799 XS2123320033 | 1.0000 % ING Groep N.V. FLR MTN 19/30 0.3890 % JPMorgan Chase & | EUR | 1,800,000 | 0 | 0 | % | 96.600 | 1,738,801.44 | 0.06 |
|  | Co. FLR MTN 20/28 | EUR | 3,300,000 | 3,300,000 | 0 | % | 97.527 | 3,218,401.56 | 0.10 |
| XS1174469137 | 1.5000 % JPMorgan Chase & Co. MTN 15/25 | EUR | 5,000,000 | 0 | 0 | % | 104.992 | 5,249,624.00 | 0.17 |
| XS1402921412 | 1.5000 % JPMorgan Chase & Co. MTN 16/26 | EUR | 3,150,000 | 0 | 0 | % | 106.772 | 3,363,331.23 | 0.11 |
| FR0013165677 | 1.2500 % Kering S.A. MTN 16/26 | EUR | 2,000,000 | 0 | 0 | % | 105.428 | 2,108,564.00 | 0.07 |
| BE0000332412 | 2.6000 % Königreich Belgien Obl. Lin. S.72 14/24 | EUR | 10,000,000 | 0 | 0 | % | 112.693 | 11,269,300.00 | 0.36 |
| BE0000341504 | 0.8000 % Königreich Belgien Obl. Lin. S.81 17/27 | EUR | 28,000,000 | 20,000,000 | 0 | % | 108.063 | 30,257,640.00 | 0.98 |


#### Investment portfolio at 30/06/2020
ISIN	Securities	Market	Shares/	Balance   Purchases Redemptions	Price	Market value	% of net
Units/	30/06/2020	EUR	assets
Currency	in the period under review
| NL0014555419 | 0.0000 % Königreich Niederlande Anl. 20/30 | EUR | 25,000,000 | 25,000,000 | 0 | % | 103.246 | 25,811,497.50 | 0.84 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ES00000123X3 | 4.4000 % Königreich Spanien Bonos 13/23 | EUR | 58,500,000 | 10,000,000 | 0 | % | 115.757 | 67,717,845.00 | 2.20 |
| ES00000126Z1 | 1.6000 % Königreich Spanien Bonos 15/25 | EUR | 47,000,000 | 10,000,000 | 0 | % | 108.430 | 50,962,100.00 | 1.65 |
| ES0000012B39 | 1.4000 % Königreich Spanien Bonos 18/28 | EUR | 60,000,000 | 10,000,000 | 0 | % | 109.294 | 65,576,400.00 | 2.13 |
| DE000A11QTD2 | 0.6250 % Kreditanst.f.Wiederaufbau Anl. 15/25 | EUR | 40,000,000 | 0 | 0 | % | 105.247 | 42,098,800.00 | 1.36 |
| DE000A168Y22 | 0.3750 % Kreditanst.f.Wiederaufbau Anl. 16/23 | EUR | 15,000,000 | 0 | 0 | % | 102.539 | 15,380,850.00 | 0.50 |
| DE000A11QTF7 FR0013090578 | 0.3750 % Kreditanst.f.Wiederaufbau MTN 15/30 0.5000 % La Banq. Postale Home | EUR | 10,000,000 | 0 | 0 | % | 105.929 | 10,592,934.00 | 0.34 |
| DE000NRW0KB3 | Loan SFH MT Obl.FinHab 16/23 0.5000 % Land Nordrhein-Westfalen | EUR | 3,850,000 | 0 | 0 | % | 102.218 | 3,935,397.24 | 0.13 |
| DE000RLP0736 | MT Landessch.R.1435 17/27 0.1250 % Land Rheinland- | EUR | 10,000,000 | 0 | 0 | % | 105.485 | 10,548,503.00 | 0.34 |
| DE000RLP0728 | Pfalz Landessch. 16/22 0.7500 % Land Rheinland- | EUR | 6,000,000 | 0 | 0 | % | 101.431 | 6,085,855.20 | 0.20 |
| XS2080581189 | Pfalz Landessch. 16/26 0.1250 % Lb.Hessen-Thüringen | EUR | 5,000,000 | 0 | 0 | % | 106.192 | 5,309,595.50 | 0.17 |
| DE000LB06G44 | GZ MTN IHS S.H339 19/24 0.1250 % Ldsbk Baden-Württemb. | EUR | 4,400,000 | 0 | 0 | % | 100.482 | 4,421,216.80 | 0.14 |
|  | MTN Pfe. S.760 16/22 | EUR | 5,000,000 | 0 | 0 | % | 100.881 | 5,044,052.50 | 0.16 |
| XS1397134609 | 1.0000 % Linde Finance B.V. MTN 16/28 | EUR | 2,150,000 | 0 | 0 | % | 107.655 | 2,314,586.37 | 0.07 |
| XS1518704900 | 0.2500 % Linde Finance B.V. MTN 17/22 | EUR | 3,150,000 | 0 | 0 | % | 100.575 | 3,168,120.38 | 0.10 |
| XS1346089359 | 0.3750 % Lloyds Bank PLC MT Cov. Bds 16/21 | EUR | 3,800,000 | 0 | 0 | % | 100.377 | 3,814,325.24 | 0.12 |
| XS1795392502 FR0013405347 | 0.6250 % Lloyds Bank PLC MT Cov. Bds 18/25 0.1250 % LVMH Moët Henn. L. | EUR | 7,550,000 | 0 | 0 | % | 104.097 | 7,859,300.85 | 0.25 |
| FR0013482833 | Vuitton SE MTN 19/23 0.1250 % LVMH Moët Henn. L. | EUR | 1,300,000 | 0 | 0 | % | 100.180 | 1,302,341.04 | 0.04 |
| XS1371532547 | Vuitton SE MTN 20/28 0.3750 % Macquarie Bank Ltd. | EUR | 2,300,000 | 2,300,000 | 0 | % | 98.348 | 2,262,006.76 | 0.07 |
|  | Mortg.Cov. MTN 16/21 | EUR | 3,450,000 | 0 | 0 | % | 100.465 | 3,466,046.99 | 0.11 |
| XS1403263723 | 0.5000 % McDonald’s Corp. MTN 16/21 | EUR | 1,600,000 | 0 | 0 | % | 100.136 | 1,602,170.56 | 0.05 |
| XS1028941976 XS2102916793 | 1.1250 % Merck & Co. Inc. Notes 14/21 0.1250 % Merck Financial Services | EUR | 2,000,000 | 0 | 0 | % | 101.214 | 2,024,272.40 | 0.07 |
|  | GmbH MTN 20/25 | EUR | 1,800,000 | 1,800,000 | 0 | % | 99.675 | 1,794,142.26 | 0.06 |
| XS1379171140 | 1.7500 % Morgan Stanley MTN 16/24 | EUR | 6,650,000 | 0 | 0 | % | 104.493 | 6,948,797.14 | 0.22 |
| XS1548533329 XS1374414891 | 0.6250 % Municipality Finance PLC MTN 17/26 0.1250 % Nationwide Building Society | EUR | 6,000,000 | 0 | 0 | % | 105.668 | 6,340,078.80 | 0.21 |
|  | MT Mortg.Cov.Bds 16/21 | EUR | 4,600,000 | 0 | 0 | % | 100.251 | 4,611,568.08 | 0.15 |
| XS1396767854 | 1.2500 % Naturgy Finance B.V. MTN 16/26 | EUR | 1,000,000 | 0 | 0 | % | 104.540 | 1,045,404.50 | 0.03 |
| XS1551446880 | 1.3750 % Naturgy Finance B.V. MTN 17/27 | EUR | 3,800,000 | 0 | 0 | % | 105.428 | 4,006,268.56 | 0.13 |
| XS1409382030 XS1346315382 | 1.0000 % Nederlandse Gasunie, N.V. MTN 16/26 0.5000 % Nederlandse | EUR | 2,700,000 | 0 | 0 | % | 105.375 | 2,845,120.41 | 0.09 |
|  | Waterschapsbank NV MTN 16/23 | EUR | 10,000,000 | 0 | 0 | % | 102.340 | 10,234,024.00 | 0.33 |
| XS1189263400 | 1.1250 % Nordea Bank Abp MTN 15/25 | EUR | 5,100,000 | 0 | 0 | % | 105.429 | 5,376,903.99 | 0.17 |
| XS1368470156 | 1.0000 % Nordea Bank Abp MTN 16/23 | EUR | 6,000,000 | 0 | 0 | % | 102.848 | 6,170,852.40 | 0.20 |
| XS1585010074 | 1.1250 % Novartis Finance S.A. Notes 17/27 | EUR | 5,000,000 | 0 | 0 | % | 107.939 | 5,396,963.50 | 0.17 |
| XS1956022716 | 0.3750 % OP Yrityspankki Oyj MTN 19/24 | EUR | 1,600,000 | 0 | 0 | % | 101.405 | 1,622,477.28 | 0.05 |
| XS1408317433 | 1.0000 % Orange S.A. MTN 16/25 | EUR | 5,600,000 | 0 | 0 | % | 103.102 | 5,773,695.76 | 0.19 |
| FR0013396496 | 0.5000 % Orange S.A. MTN 19/22 | EUR | 600,000 | 0 | 0 | % | 100.673 | 604,035.36 | 0.02 |
| FR0013456423 | 0.0000 % Pernod-Ricard S.A. Bonds 19/23 | EUR | 2,100,000 | 0 | 0 | % | 99.190 | 2,082,998.61 | 0.07 |
| XS2103230152 | 0.5000 % POSCO Notes 20/24 Reg.S | EUR | 1,300,000 | 1,300,000 | 0 | % | 96.823 | 1,258,703.29 | 0.04 |
| XS2049582625 | 0.2500 % Prologis Euro Finance LLC Notes 19/27 | EUR | 2,000,000 | 0 | 0 | % | 98.079 | 1,961,582.00 | 0.06 |
| XS1079698376 | 2.1250 % Red Eléctrica Financ. S.A.U. MTN 14/23 | EUR | 5,000,000 | 0 | 0 | % | 106.371 | 5,318,565.00 | 0.17 |
| XS1384281090 | 1.3750 % RELX Finance B.V. Notes 16/26 | EUR | 6,250,000 | 0 | 0 | % | 105.455 | 6,590,931.88 | 0.21 |
| XS1753814737 | 1.7500 % REN Finance B.V. MTN 18/28 | EUR | 3,000,000 | 0 | 0 | % | 107.120 | 3,213,598.20 | 0.10 |
| FR0011962398 | 1.7500 % Rep. Frankreich OAT 14/24 | EUR | 49,300,000 | 0 | 0 | % | 110.355 | 54,405,015.00 | 1.77 |
| FR0013200813 | 0.2500 % Rep. Frankreich OAT 16/26 | EUR | 20,000,000 | 0 | 0 | % | 104.401 | 20,880,198.00 | 0.68 |
| FR0013250560 | 1.0000 % Rep. Frankreich OAT 16/27 | EUR | 20,000,000 | 0 | 0 | % | 109.683 | 21,936,600.00 | 0.71 |
| FR0013286192 | 0.7500 % Rep. Frankreich OAT 17/28 | EUR | 30,500,000 | 0 | 25,000,000 | % | 108.596 | 33,121,776.95 | 1.07 |
| FR0013407236 | 0.5000 % Rep. Frankreich OAT 18/29 | EUR | 55,000,000 | 15,000,000 | 0 | % | 106.769 | 58,722,944.50 | 1.91 |
| IE00B4S3JD47 | 3.9000 % Republik Irland Treasury Bonds 13/23 | EUR | 18,200,000 | 0 | 0 | % | 112.141 | 20,409,662.00 | 0.66 |
| XS2015295814 | 0.1000 % Republik Island MTN 19/24 | EUR | 1,600,000 | 0 | 0 | % | 100.139 | 1,602,216.00 | 0.05 |
| IT0004356843 | 4.7500 % Republik Italien B.T.P. 08/23 | EUR | 33,600,000 | 0 | 0 | % | 113.608 | 38,172,288.00 | 1.24 |
| IT0004848831 | 5.5000 % Republik Italien B.T.P. 12/22 | EUR | 64,600,000 | 25,000,000 | 0 | % | 112.334 | 72,567,764.00 | 2.36 |
| IT0004898034 | 4.5000 % Republik Italien B.T.P. 13/23 | EUR | 41,500,000 | 12,000,000 | 0 | % | 111.937 | 46,453,855.00 | 1.50 |
| IT0005090318 | 1.5000 % Republik Italien B.T.P. 15/25 | EUR | 55,600,000 | 0 | 0 | % | 103.927 | 57,783,412.00 | 1.88 |


#### Investment portfolio at 30/06/2020
ISIN	Securities	Market	Shares/	Balance   Purchases Redemptions	Price	Market value	% of net
Units/	30/06/2020	EUR	assets
Currency	in the period under review
| IT0005240830 | 2.2000 % Republik Italien B.T.P. 17/27 | EUR | 17,000,000 | 0 | 0 | % | 108.068 | 18,371,558.30 | 0.59 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| IT0005323032 | 2.0000 % Republik Italien B.T.P. 18/28 | EUR | 41,000,000 | 0 | 5,000,000 | % | 106.832 | 43,801,115.90 | 1.42 |
| AT0000A185T1 | 1.6500 % Republik Österreich Bundesanl. 14/24 | EUR | 10,500,000 | 0 | 0 | % | 109.786 | 11,527,524.75 | 0.37 |
| XS1015428821 | 3.0000 % Republik Polen MTN 14/24 | EUR | 5,000,000 | 0 | 0 | % | 111.190 | 5,559,503.00 | 0.18 |
| PTOTESOE0013 | 2.2000 % Republik Portugal Obr. 15/22 | EUR | 10,000,000 | 0 | 20,000,000 | % | 106.231 | 10,623,100.00 | 0.34 |
| PTOTEKOE0011 | 2.8750 % Republik Portugal Obr. 15/25 | EUR | 36,000,000 | 8,000,000 | 0 | % | 115.815 | 41,693,400.00 | 1.35 |
| PTOTEXOE0024 | 1.9500 % Republik Portugal Obr. 19/29 | EUR | 5,000,000 | 0 | 0 | % | 113.875 | 5,693,750.00 | 0.18 |
| PTOTELOE0028 | 0.4750 % Republik Portugal Obr. 20/30 | EUR | 3,600,000 | 3,600,000 | 0 | % | 100.011 | 3,600,395.64 | 0.12 |
| XS1371715118 FR0013445137 | 0.5000 % Roche Finance Europe B.V. MTN 16/23 0.0000 % RTE Réseau de | EUR | 4,600,000 | 0 | 0 | % | 101.697 | 4,678,053.26 | 0.15 |
|  | Transp.d’Electr. MTN 19/27 | EUR | 2,700,000 | 0 | 0 | % | 98.046 | 2,647,242.00 | 0.09 |
| XS1110299036 | 1.5000 % Sampo OYJ MTN 14/21 | EUR | 4,900,000 | 0 | 0 | % | 101.757 | 4,986,101.33 | 0.16 |
| XS1520733301 | 1.0000 % Sampo OYJ MTN 16/23 | EUR | 3,250,000 | 0 | 0 | % | 102.527 | 3,332,111.25 | 0.11 |
| XS1888184121 | 2.2500 % Sampo OYJ MTN 18/30 | EUR | 3,000,000 | 0 | 0 | % | 112.822 | 3,384,665.10 | 0.11 |
| FR0011625433 | 2.5000 % Sanofi S.A. MTN 13/23 | EUR | 4,200,000 | 0 | 0 | % | 108.178 | 4,543,476.84 | 0.15 |
| FR0013144003 XS2050945984 | 1.1250 % Sanofi S.A. MTN 16/28 0.1250 % Santander Consumer | EUR | 1,600,000 | 0 | 0 | % | 107.422 | 1,718,759.20 | 0.06 |
|  | Bank AS MTN 19/24 | EUR | 1,300,000 | 0 | 0 | % | 97.132 | 1,262,718.47 | 0.04 |
| XS1392159825 XS1048521733 | 0.5000 % SBAB Bank AB (publ) MTN 16/21 1.6250 % Shell International | EUR | 3,900,000 | 0 | 0 | % | 100.504 | 3,919,671.99 | 0.13 |
| XS1955187692 | Finance BV MTN 14/21 0.3000 % Siemens Finan. | EUR | 5,800,000 | 0 | 0 | % | 101.349 | 5,878,244.90 | 0.19 |
| XS2049616548 | maatschappij NV MTN 19/24 0.0000 % Siemens Finan. | EUR | 1,300,000 | 0 | 0 | % | 101.156 | 1,315,023.45 | 0.04 |
| XS2118280218 | maatschappij NV MTN 19/24 0.0000 % Siemens Finan. | EUR | 1,350,000 | 0 | 0 | % | 99.594 | 1,344,512.52 | 0.04 |
| XS1362319284 | maatschappij NV MTN 20/26 0.1500 % Skandinaviska Enskilda | EUR | 4,100,000 | 4,100,000 | 0 | % | 99.239 | 4,068,782.60 | 0.13 |
| XS1370669639 | Banken MT Cov. Bds 16/21 0.7500 % Skandinaviska Enskilda | EUR | 4,850,000 | 0 | 0 | % | 100.364 | 4,867,649.15 | 0.16 |
|  | Banken MTN 16/21 | EUR | 8,000,000 | 0 | 0 | % | 100.958 | 8,076,652.00 | 0.26 |
| XS1938381628 FR0013448859 | 0.8750 % SNCF Réseau S.A. MTN 19/29 0.8750 % Société Générale S.A. | EUR | 5,300,000 | 0 | 0 | % | 107.107 | 5,676,667.29 | 0.18 |
| FR0013486701 | Non-Preferred MTN 19/29 0.1250 % Société Générale S.A. | EUR | 6,800,000 | 0 | 0 | % | 97.069 | 6,600,683.16 | 0.21 |
| FR0013094869 | Preferred MTN 20/26 0.5000 % Société Générale SFH | EUR | 3,300,000 | 3,300,000 | 0 | % | 98.966 | 3,265,892.19 | 0.11 |
|  | S.A. MT Obl.Fin.Hab. 16/23 | EUR | 3,900,000 | 0 | 0 | % | 102.213 | 3,986,321.82 | 0.13 |
| BE6282460615 XS1377237869 | 2.7500 % Solvay S.A. Notes 15/27 0.3750 % SpareBank 1 Boligkreditt | EUR | 5,000,000 | 0 | 0 | % | 112.425 | 5,621,227.50 | 0.18 |
|  | AS MT Mortg.Cov.Bds 16/23 | EUR | 5,700,000 | 0 | 0 | % | 101.881 | 5,807,192.49 | 0.19 |
| XS1055536251 XS1344895450 | 2.1250 % Sparebank 1 SR-Bank ASA MTN 14/21 0.7500 % SR-Boligkreditt A.S. | EUR | 8,000,000 | 0 | 0 | % | 101.629 | 8,130,287.20 | 0.26 |
|  | Mortg. Covered MTN 16/23 | EUR | 5,000,000 | 0 | 0 | % | 102.911 | 5,145,557.00 | 0.17 |
| XS1003017099 | 2.3750 % SSE PLC MTN 13/22 | EUR | 5,000,000 | 0 | 0 | % | 103.280 | 5,164,005.00 | 0.17 |
| XS1368543135 XS2102360315 | 0.3750 % Stadshypotek AB MT Hyp.-Pfe. 16/23 0.8500 % Standard Chartered | EUR | 5,350,000 | 0 | 0 | % | 101.942 | 5,453,887.37 | 0.18 |
| XS1524573752 | PLC FLR MTN 20/28 1.2500 % Südzucker Intl Finance | EUR | 3,450,000 | 3,450,000 | 0 | % | 98.768 | 3,407,503.25 | 0.11 |
| XS1795254025 | B.V. Notes 16/23 0.5000 % Svenska Handelsbanken | EUR | 2,150,000 | 0 | 0 | % | 100.559 | 2,162,019.79 | 0.07 |
| XS2121207828 | AB MTN 18/23 0.5000 % Svenska Handelsbanken | EUR | 5,900,000 | 0 | 0 | % | 101.549 | 5,991,415.19 | 0.19 |
| XS1361548693 | AB Non-Pref. MTN 20/30 0.1500 % Swedbank Hypotek AB | EUR | 4,250,000 | 4,250,000 | 0 | % | 98.207 | 4,173,815.35 | 0.14 |
|  | MT Mortg.Cov. Bds 16/21 | EUR | 3,450,000 | 0 | 0 | % | 100.330 | 3,461,385.00 | 0.11 |
| XS2056395606 | 0.0000 % Telenor ASA MTN 19/23 | EUR | 1,800,000 | 0 | 0 | % | 99.895 | 1,798,101.18 | 0.06 |
| XS2117452156 | 0.2500 % Telenor ASA MTN 20/28 | EUR | 2,000,000 | 2,000,000 | 0 | % | 99.341 | 1,986,822.20 | 0.06 |
| XS1241581096 | 1.7500 % TenneT Holding B.V. MTN 15/27 | EUR | 5,000,000 | 0 | 0 | % | 110.202 | 5,510,075.00 | 0.18 |
| FR0013479748 | 0.2500 % THALES S.A. MTN 20/27 | EUR | 2,000,000 | 2,000,000 | 0 | % | 98.954 | 1,979,071.00 | 0.06 |
| XS2049707180 XS1074144871 | 0.1250 % The Bank of Nova Scotia MTN 19/26 2.8750 % The Goldman Sachs | EUR | 3,750,000 | 0 | 0 | % | 97.507 | 3,656,524.88 | 0.12 |
| XS1796209010 | Group Inc. MTN 14/26 2.0000 % The Goldman Sachs | EUR | 5,000,000 | 0 | 0 | % | 111.266 | 5,563,289.00 | 0.18 |
|  | Group Inc. MTN 18/28 | EUR | 5,100,000 | 0 | 0 | % | 107.725 | 5,493,998.46 | 0.18 |


#### Investment portfolio at 30/06/2020
ISIN	Securities	Market	Shares/	Balance   Purchases Redemptions	Price	Market value	% of net
Units/	30/06/2020	EUR	assets
Currency	in the period under review
| XS1314318301 | 1.1250 % The Procter & Gamble |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| XS1401105587 | Co. Bonds 15/23 0.3750 % The Toronto-Dominion | EUR | 5,000,000 | 0 | 0 | % | 104.308 | 5,215,382.50 | 0.17 |
| XS2058556296 | Bank MT Cov. Bds 16/23 0.1250 % Thermo Fisher Scientific | EUR | 3,100,000 | 0 | 0 | % | 101.917 | 3,159,413.98 | 0.10 |
| XS1997077364 | Inc. Notes 19/25 1.4500 % Transurban Finance | EUR | 1,400,000 | 0 | 0 | % | 98.739 | 1,382,343.48 | 0.04 |
|  | Co. Pty Ltd MTN 19/29 | EUR | 1,700,000 | 0 | 0 | % | 99.609 | 1,693,357.42 | 0.05 |
| CH0520042489 FR0013405032 | 0.2500 % UBS Group AG FLR Notes 20/26 1.0000 % Unibail-Rodamco- | EUR | 2,500,000 | 2,500,000 | 0 | % | 98.262 | 2,456,553.75 | 0.08 |
| FR0013456621 | Westfield SE MTN 19/27 0.8750 % Unibail-Rodamco- | EUR | 1,900,000 | 0 | 0 | % | 97.080 | 1,844,524.56 | 0.06 |
| DE000HV2ASU1 | Westfield SE MTN 19/32 0.0100 % UniCredit Bank AG HVB | EUR | 5,000,000 | 0 | 0 | % | 88.866 | 4,443,285.50 | 0.14 |
|  | MTN Hyp.-Pfe. S.2064 19/27 | EUR | 2,200,000 | 0 | 0 | % | 102.233 | 2,249,135.24 | 0.07 |
| XS1178970106 | 0.5000 % Unilever N.V. MTN 15/22 | EUR | 3,750,000 | 0 | 0 | % | 101.043 | 3,789,116.25 | 0.12 |
| XS1403014936 FR0013128584 | 0.5000 % Unilever N.V. MTN 16/24 0.6250 % Union Natle Interp. | EUR | 3,200,000 | 0 | 0 | % | 102.668 | 3,285,381.12 | 0.11 |
|  | Em.Com.Ind. MTN 16/26 | EUR | 11,000,000 | 0 | 0 | % | 104.916 | 11,540,736.90 | 0.37 |
| FR0013230943 | 0.6250 % Valéo S.A. MTN 17/23 | EUR | 3,700,000 | 0 | 0 | % | 97.006 | 3,589,216.08 | 0.12 |
| FR0013394681 | 0.8920 % Veolia Environnement S.A. MTN 19/24 | EUR | 3,100,000 | 0 | 0 | % | 102.158 | 3,166,891.80 | 0.10 |
| FR0013476595 XS1405766624 | 0.6640 % Veolia Environnement S.A. MTN 20/31 1.3750 % Verizon Communications | EUR | 2,600,000 | 2,600,000 | 0 | % | 99.227 | 2,579,899.14 | 0.08 |
|  | Inc. Notes 16/28 | EUR | 6,000,000 | 0 | 0 | % | 105.470 | 6,328,216.20 | 0.20 |
| FR0013220399 | 1.1250 % Vivendi S.A. Bonds 16/23 | EUR | 7,500,000 | 0 | 0 | % | 102.188 | 7,664,111.25 | 0.25 |
| XS1074382893 | 2.1250 % Wells Fargo & Co. MTN 14/24 | EUR | 3,800,000 | 0 | 0 | % | 105.575 | 4,011,845.06 | 0.13 |
| XS1400169931 | 1.3750 % Wells Fargo & Co. MTN 16/26 | EUR | 3,850,000 | 0 | 0 | % | 103.287 | 3,976,542.57 | 0.13 |
| XS2056400299 | 0.6250 % Wells Fargo & Co. MTN 19/30 | EUR | 4,050,000 | 0 | 0 | % | 94.707 | 3,835,629.86 | 0.12 |
| XS2010039894 | 3.0000 % ZF Europe Finance B.V. Notes 19/29 | EUR | 3,000,000 | 0 | 0 | % | 89.991 | 2,699,716.50 | 0.09 |
| Other equity securities |  |  |  |  |  |  | 15,887,979.04 | 0.51 |
| Switzerland |  |  |  |  |  |  | 15,887,979.04 | 0.51 |
| CH0010570767	Chocoladefabriken Lindt & |  |  |  |  |  |  |  |  |
| Sprüngli Inh.-Par.schein | SHS | 2,212 | 528 | 260 | CHF | 7,675.000 | 15,887,979.04 | 0.51 |
| Securities admitted to or included in regulated markets |  |  |  |  |  |  | 91,039,743.03 | 2.96 |
| Interest-bearing securities |  |  |  |  |  |  | 91,039,743.03 | 2.96 |
| EUR bonds |  |  |  |  |  |  | 91,039,743.03 | 2.96 |
| XS1402941790	0.6250 % ABB Finance B.V. MTN 16/23 XS1117299484	1.0000 % Air Products & Chemicals | EUR | 5,300,000 | 0 | 0 | % | 101.331 | 5,370,525.51 | 0.17 |
| Inc. Notes 15/25 XS1379122101	1.5000 % América Móvil S.A.B. | EUR | 3,300,000 | 0 | 0 | % | 104.243 | 3,440,019.00 | 0.11 |
| de C.V. Notes 16/24 | EUR | 4,500,000 | 0 | 0 | % | 102.615 | 4,617,688.05 | 0.15 |
| XS2079716853	0.0000 % Apple Inc. Notes 19/25 | EUR | 2,350,000 | 0 | 0 | % | 100.084 | 2,351,974.00 | 0.08 |
| XS1527556192	1.6250 % ASML Holding N.V. Notes 16/27 | EUR | 1,700,000 | 0 | 0 | % | 108.963 | 1,852,376.95 | 0.06 |
| XS2010032378	0.2500 % ASML Holding N.V. Notes 20/30 | EUR | 2,150,000 | 2,150,000 | 0 | % | 96.753 | 2,080,198.32 | 0.07 |
| XS0993145084	2.6500 % AT & T Inc. Notes 13/21 | EUR | 5,900,000 | 0 | 0 | % | 102.870 | 6,069,327.64 | 0.20 |
| ES0413307119	0.8750 % BANKIA S.A. Cédulas Hipotec. 16/21 ES0000101651	1.8260 % Comunidad Autónoma | EUR | 4,900,000 | 0 | 0 | % | 100.625 | 4,930,642.15 | 0.16 |
| de Madrid Obl. 15/25 XS2075185228	0.9000 % Harley Davidson Finl | EUR | 5,000,000 | 0 | 0 | % | 108.463 | 5,423,170.50 | 0.18 |
| Serv.Inc. Notes 19/24 | EUR | 1,000,000 | 0 | 0 | % | 94.092 | 940,922.20 | 0.03 |
| XS1531060025	0.5000 % Knorr-Bremse AG MTN 16/21 | EUR | 3,150,000 | 0 | 0 | % | 100.138 | 3,154,338.81 | 0.10 |
| XS1369322927	1.8750 % Mexiko MTN 16/22 XS2049630887	0.1180 % Mizuho Financial | EUR | 6,800,000 | 0 | 0 | % | 101.705 | 6,915,917.56 | 0.22 |
| Group Inc. MTN 19/24 XS2098350965	0.7970 % Mizuho Financial | EUR | 4,700,000 | 0 | 0 | % | 97.914 | 4,601,936.85 | 0.15 |
| Group Inc. MTN 20/30 | EUR | 4,500,000 | 4,500,000 | 0 | % | 98.008 | 4,410,376.65 | 0.14 |
| XS1061697568	1.7500 % PepsiCo Inc. MTN 14/21 | EUR | 6,000,000 | 0 | 0 | % | 101.059 | 6,063,510.00 | 0.20 |
| XS1360443979	0.2500 % Santander UK PLC MT Cov. Bds 16/21 | EUR | 5,150,000 | 0 | 0 | % | 100.596 | 5,180,718.21 | 0.17 |
| XS1395057430	1.1250 % Telstra Corp. Ltd. MTN 16/26 XS1250034276	2.1500 % Thermo Fisher Scientific | EUR | 7,000,000 | 0 | 0 | % | 104.677 | 7,327,404.00 | 0.24 |
| Inc. Notes 15/22 XS2114807691	0.0000 % Tyco Electronics | EUR | 6,500,000 | 0 | 0 | % | 103.422 | 6,722,426.10 | 0.22 |
| Group S.A. Notes 20/25 | EUR | 2,300,000 | 2,300,000 | 0 | % | 96.044 | 2,209,004.41 | 0.07 |
| XS1203856072	1.2500 % Yorkshire Building Society MTN 15/22 | EUR | 7,300,000 | 0 | 0 | % | 101.058 | 7,377,266.12 | 0.24 |
| Total securities |  |  |  |  | EUR |  | 3,053,845,693.94 | 98.88 |


#### Investment portfolio at 30/06/2020
ISIN	Securities	Market	Shares/	Balance   Purchases Redemptions	Price	Market value	% of net
Units/	30/06/2020	EUR	assets
Currency	in the period under review
Bank deposits, money market instruments, money market funds and money market-related funds Bank deposits
EUR deposits with custodial office
State Street Bank International GmbH	EUR	
21,440,497.06	
%	100.000	21,440,497.06	0.69
Deposits in other EU/EEA currencies
| State Street Bank International GmbH | DKK | 76,860.95 | % | 100.000 | 10,313.72 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- |
| State Street Bank International GmbH | GBP | 85,144.79 | % | 100.000 | 93,181.71 | 0.00 |
| State Street Bank International GmbH | NOK | 757,282.40 | % | 100.000 | 69,321.23 | 0.00 |
| State Street Bank International GmbH | PLN | 13,686.32 | % | 100.000 | 3,067.65 | 0.00 |
| State Street Bank International GmbH | SEK | 2,997,961.22 | % | 100.000 | 285,826.36 | 0.01 |
| Deposits in non EU/EEA currencies State Street Bank International GmbH | AUD | 2,341.25 | % | 100.000 | 1,430.73 | 0.00 |
| State Street Bank International GmbH | CHF | 441,491.46 | % | 100.000 | 413,168.74 | 0.01 |
| State Street Bank International GmbH | USD | 22,207.51 | % | 100.000 | 19,788.38 | 0.00 |

| Total bank deposits | EUR | 22,336,595.58 | 0.71 |
| --- | --- | --- | --- |
| Total bank deposits, money market instruments, money market funds and money market-related funds  30) | EUR | 22,336,595.58 | 0.71 |
| Other assets |  |  |  |  |  |  |
|  | Accrued interest | EUR | 10,993,297.74 |  | 10,993,297.74 | 0.36 |
|  | Accrued dividends | EUR | 385,914.98 |  | 385,914.98 | 0.01 |
|  | Receivables from unit transactions | EUR | 340,754.64 |  | 340,754.64 | 0.01 |
|  | Receivables from withholding tax refunds | EUR | 4,975,336.51 |  | 4,975,336.51 | 0.16 |
| Total other assets |  |  |  | EUR | 16,695,303.87 | 0.54 |
| Other payables |  |  |  |  |  |  |
|  | Liabilities from unit transactions | EUR | -563,753.31 |  | -563,753.31 | -0.02 |
|  | Liabilities from securities transactions | EUR | -244,987.71 |  | -244,987.71 | -0.01 |
|  | Accruals | EUR | -3,051,039.03 |  | -3,051,039.03 | -0.10 |
| Total other payables |  |  |  | EUR | -3,859,780.05 | -0.13 |
| Fund assets |  |  |  | EUR | 3,089,017,813.34 | 100.00 |
|  | Total units in circulation of all unit classes |  |  | STK | 45,697,763 |  |

30) 
Cash initial margins may be included in bank deposits.
| Kapital Plus A (EUR) |  |
| --- | --- |
| ISIN | DE0008476250 |
| Fund assets | 2,987,710,838.00 |
| Units in circulation | 45,514,398.081 |
| Unit value | 65.64 |
| Kapital Plus I (EUR) |  |
| ISIN | DE0009797613 |
| Fund assets | 66,869,046.12 |
| Units in circulation | 58,292.403 |
| Unit value | 1,147.13 |
| Kapital Plus Multi Asset 30 CT (EUR) |
| ISIN | DE000A2DU1Y2 |
| Fund assets | 3,249,784.62 |
| Units in circulation | 32,620.647 |
| Unit value | 99.62 |
| Kapital Plus P (EUR) |  |
| ISIN | DE000A14N9U7 |
| Fund assets | 7,554,353.31 |
| Units in circulation | 7,061.704 |
| Unit value | 1,069.76 |
| Kapital Plus P2 (EUR) |  |
| ISIN | DE0009797589 |
| Fund assets | 16,189,911.51 |
| Units in circulation | 13,644.902 |
| Unit value | 1,186.52 |
| Kapital Plus R (EUR) |  |
| ISIN | DE000A2DU1L9 |
| Fund assets | 7,443,879.78 |
| Units in circulation | 71,745.146 |
| Unit value | 103.75 |


### Securities prices/market rates
Fund assets were valued on the basis of the following prices/market rates:
International bonds: prices as at 29/06/2020 or last known
All other assets: prices/market rates as at 30/06/2020 or last known

### Additional information on valuations
The valuation is conducted by the investment management company (IMC).
Equities, subscription rights, exchange-traded funds (ETFs), participation certificates, bonds and exchange-traded derivatives are valued at their market price, provided that a market price is available.
Bonds for which no market price is available are valued at validated broker prices or with the help of regularly reviewed models and on the basis of relevant market information.
Participation certificates for which no market prices are available are valued at the mean of the bid-ask-spread.
Derivatives and subscription rights which are not traded on the market are valued with the help of regularly reviewed models and on the basis of relevant market information.
Investment fund units are valued at the redemption price published by the relevant investment company.
Bank deposits and other assets are valued at their nominal value, term deposits at their current value and liabilities at the repayment value.
Unlisted equities and shareholdings are valued at the current value, which is carefully determined with the help of suitable valuation models, taking account of the current market situation.
The investments reported in this semi-annual report, amounting to 98.88% of fund assets, are valued at stock market trading prices or market prices and 0.00% at imputed current market values and/or verified brokers’ quotations. The remaining 1.12% of fund assets consists of other assets, other liabilities and cash.

#### Exchange rate(s) and/or conversion factor(s) (indirect quotation) as at 30/06/2020
| UK, Pound Sterling | (GBP) | 1 Euro = GBP | 0.91375 |
| --- | --- | --- | --- |
| Denmark, Krone | (DKK) | 1 Euro = DKK | 7.45230 |
| Norway, Krone | (NOK) | 1 Euro = NOK | 10.92425 |
| Sweden, Krona | (SEK) | 1 Euro = SEK | 10.48875 |
| Switzerland, Franc | (CHF) | 1 Euro = CHF | 1.06855 |
| Poland, Zloty | (PLN) | 1 Euro = PLN | 4.46150 |
| USA, Dollar | (USD) | 1 Euro = USD | 1.12225 |
| Australia, Dollar | (AUD) | 1 Euro = AUD | 1.63640 |
| Capital measures |  |  |  |

All sales revenues resulting from capital measures (technical revenues) are reported as additions or disposals.

### Voting
To the extent it was deemed to be in our investors’ interest, we either exercised ourselves or had our agents exercise, in accordance with our instructions, voting rights for equities held by the Fund.

### Annex according to Regulation (EU) 2015/2365 with regards to Securities Financing Transactions and Total Return Swaps
This Fund was not invested in any securities financing transactions pursuant to Regulation (EU) 2015/2365 during the reporting period, therefore the following contains no information on this type of transaction.

#### Transactions carried out during the reporting period no longer listed in the investment portfolio:
– purchases and redemptions of securities, fund units and borrower’s note loans (market allocations as per reporting date):
ISIN	Securities	Shares/	Purchases	Redemptions Units/
Currency
Exchange-traded securities
| Equities France |  |
| --- | --- |
| FR0000125346 | Ingenico Group S.A. Actions Port. | SHS | 3,116 | 84,313 |
| Ireland |  |  |  |  |
| IE00BYTBXV33 | Ryanair Holdings PLC Reg.Shares | SHS | 177,595 | 1,530,943 |
| Interest-bearing securities EUR bonds |
| XS0997342562 | 2.1250 % ABN AMRO Bank N.V. MTN 13/20 | EUR | 0 | 5,000,000 |
| XS1942708527 | 2.7500 % Argentum Netherlands B.V. FLR MT LPN Zürich 19/49 | EUR | 0 | 1,350,000 |
| XS1316567343 | 1.1250 % Autostrade per L’Italia S.p.A. MTN S.1 15/21 | EUR | 0 | 5,400,000 |
| XS1346228577 | 3.3750 % AXA S.A. FLR MTN 16/47 | EUR | 0 | 3,000,000 |
| DE0001102374 | 0.5000 % Bundesrep.Deutschland Anl. 15/25 | EUR | 0 | 6,000,000 |
| XS1069521083 | 2.3750 % Credit Agricole S.A. (Ldn Br.) MTN 14/24 | EUR | 0 | 5,000,000 |
| XS1550135831 | 1.0000 % Credit Agricole S.A. (Ldn Br.) Preferred MTN 17/24 | EUR | 0 | 5,700,000 |
| XS1344745481 | 0.3750 % DNB Boligkreditt A.S. Mortg. Cov. MTN 16/21 | EUR | 0 | 4,350,000 |
| XS1379158550 | 1.7500 % Hammerson PLC Notes 16/23 | EUR | 0 | 2,400,000 |
| XS0599993622 | 6.0000 % Instituto de Credito Oficial MTN 11/21 | EUR | 0 | 10,000,000 |
| NL0010418810 | 1.7500 % Königreich Niederlande Anl. 13/23 | EUR | 0 | 18,900,000 |
| ES00000123K0 | 5.8500 % Königreich Spanien Bonos 11/22 | EUR | 0 | 60,000,000 |
| DE000NRW0E68 | 1.8750 % Land Nordrhein-Westfalen Landessch. R.1211 12/22 | EUR | 0 | 5,800,000 |
| DE000A13R9J7 | 0.0500 % LBBW-Förderbank MTN S.5556 16/21 | EUR | 0 | 6,000,000 |
| FR0013344751 | 0.0000 % Rep. Frankreich OAT 18/24 | EUR | 0 | 19,000,000 |
| IT0004695075 | 4.7500 % Republik Italien B.T.P. 11/21 | EUR | 0 | 80,900,000 |
| XS1324923520 | 0.7500 % Société Générale S.A. MTN 15/20 | EUR | 0 | 7,000,000 |
| XS1394777665 | 0.7500 % Telefonica Emisiones S.A.U. MTN 16/22 | EUR | 0 | 3,500,000 |
| XS1355483162 | 0.2500 % The Swedish Covered Bond Corp. MTN 16/21 | EUR | 0 | 5,150,000 |
| XS1342818470 | 0.3750 % The Toronto-Dominion Bank MT Cov. Bds 16/21 | EUR | 0 | 3,050,000 |
| XS1366786983 | 1.1250 % United Technologies Corp. Notes 16/21 | EUR | 0 | 7,500,000 |
| Securities admitted to or included in regulated markets |  |  |  |
| Interest-bearing securities |  |  |  |
| EUR bonds |  |  |  |
| XS0951216083	2.2500 % Oracle Corp. Notes 13/21 | EUR | 0 | 5,800,000 |
| Unlisted securities |  |  |  |
| Equities |  |  |  |
| Ireland |  |  |  |
| IE00B06H8J93	Irish Bank Resolution i.L. Reg.Shares | SHS | 0 | 602,002 |

Translation (ENDE, 2020-06-30):
# Inhalt
Kapital Plus
Entwicklung von Fondsvermögen und Anteilwert im
Struktur des Fondsvermögens in %
75 68,5 68,6
60
45
30
15
0
Anleihen	Aktien	Sonstige Wertpapiere	Barreserve, Sonstiges
Entwicklung von Fondsvermögen und Anteilwert im 3-Jahresvergleich
|  | 30.06.2020 | 31.12.2019 | 31.12.2018 | 31.12.2017 |
| --- | --- | --- | --- | --- |
| Fondsvermögen in Mio. EUR - Anteilklasse A (EUR) | WKN: 847 625/ISIN: DE0008476250 | 2.987,7 | 3.088,5 | 2.984,1 | 3.335,4 |
| - Anteilklasse I (EUR) | WKN: 979 761/ISIN: DE0009797613 | 66,9 | 65,6 | 30,5 | 41,1 |
| - Anteilklasse Multi Asset 30 CT (EUR)  1) | WKN: A2D U1Y/ISIN: DE000A2DU1Y2 | 3,2 | 971,61 2) | -- | -- |

| - Anteilklasse P (EUR) | WKN: A14 N9U/ISIN: DE000A14N9U7 | 7,6 | 7,0 | 5,8 | 12,1 |
| --- | --- | --- | --- | --- | --- |
| - Anteilklasse P2 (EUR) | WKN: 979 758/ISIN: DE0009797589 | 16,2 | 20,3 | 19,8 | 41,2 |
| - Anteilklasse R (EUR) | WKN: A2D U1L/ISIN: DE000A2DU1L9 | 7,4 | 6,9 | 9,4 | 0,0 |
| Anteilwert in EUR |  |  |  |  |  |
| - Anteilklasse A (EUR) | WKN: 847 625/ISIN: DE0008476250 | 65,64 | 66,14 | 59,73 | 63,81 |
| - Anteilklasse I (EUR) | WKN: 979 761/ISIN: DE0009797613 | 1.147,13 | 1.158,64 | 1.046,33 | 1.111,93 |
| - Anteilklasse Multi Asset 30 CT (EUR)  1) | WKN: A2D U1Y/ISIN: DE000A2DU1Y2 | 99,62 | 100,07 | -- | -- |
| - Anteilklasse P (EUR) | WKN: A14 N9U/ISIN: DE000A14N9U7 | 1.069,76 | 1.080,48 | 975,74 | 1.036,94 |
| - Anteilklasse P2 (EUR) | WKN: 979 758/ISIN: DE0009797589 | 1.186,52 | 1.199,29 | 1.083,03 | 1.149,27 |
| - Anteilklasse R (EUR) | WKN: A2D U1L/ISIN: DE000A2DU1L9 | 103,75 | 104,76 | 94,62 | 100,41 |

1) 
Auflegungsdatum: 17.12.2019
2) 
Darstellungsweise nicht in Mio. EUR, aufgrund des geringen Fondsvermögens.
| Vermögensübersicht zum 30.06.2020 |  |
| --- | --- |
| Gliederung nach Anlagenart - Land | Kurswert in EUR | % des Fonds- vermögens  *) |  | Gliederung nach Anlagenart - Währung | Kurswert in EUR | % des Fonds- vermögens  *) |
| I. Vermögensgegenstände |  |  |  | I. Vermögensgegenstände |  |  |
| 1. Aktien | 918.389.006,21 | 29,74 |  | 1. Aktien | 918.389.006,21 | 29,74 |
| Deutschland | 201.613.209,70 | 6,53 |  | CHF | 128.145.199,41 | 4,15 |
| Frankreich | 94.902.594,70 | 3,08 |  | DKK | 168.988.177,80 | 5,47 |
| Niederlande | 84.269.324,70 | 2,74 |  | EUR | 448.318.039,35 | 14,54 |
| Irland | 69.630.801,27 | 2,25 |  | GBP | 58.961.769,35 | 1,90 |
| Dänemark | 168.988.177,80 | 5,47 |  | SEK | 113.975.820,30 | 3,68 |
| Spanien | 23.650.496,70 | 0,77 |  | 2. Anleihen | 2.119.568.708,69 | 68,63 |
| Schweden | 113.975.820,30 | 3,68 |  | EUR | 2.119.568.708,69 | 68,63 |
| Schweiz | 128.145.199,41 | 4,15 |  | 3. Sonstige Wertpapiere | 15.887.979,04 | 0,51 |
| Großbritannien | 33.213.381,63 | 1,07 |  | CHF | 15.887.979,04 | 0,51 |
| 2. Anleihen | 2.119.568.708,69 | 68,63 |  | 4. Bankguthaben, Geldmarktpapiere, | 22.336.595,58 | 0,71 |
| Deutschland | 358.607.375,19 | 11,60 |  | Geldmarkt- und geldmarktnahe Fonds |  |  |
| Frankreich | 389.338.810,57 | 12,64 |  | 5. Sonstige Vermögensgegenstände | 16.695.303,87 | 0,54 |

| Niederlande | 219.503.511,46 | 7,08 |
| --- | --- | --- |
| Italien | 284.828.119,88 | 9,24 |
| Irland | 31.113.934,76 | 1,01 |
| Dänemark | 2.123.220,00 | 0,07 |
| Portugal | 61.610.645,64 | 1,99 |
| Spanien | 212.049.732,10 | 6,89 |
| Belgien | 53.540.334,29 | 1,73 |
| Luxemburg | 18.443.154,87 | 0,59 |
| Island | 1.602.216,00 | 0,05 |
| Norwegen | 34.043.421,88 | 1,10 |
| Schweden | 41.270.004,05 | 1,34 |
| Finnland | 33.335.712,02 | 1,08 |
| Österreich | 20.694.303,75 | 0,67 |
| Schweiz | 2.456.553,75 | 0,08 |
| Polen | 5.559.503,00 | 0,18 |
| Großbritannien | 49.618.136,21 | 1,60 |
| USA | 144.692.848,05 | 4,69 |
| Kanada | 12.015.739,23 | 0,39 |
| Mexiko | 11.533.605,61 | 0,37 |
| Korea, Republik | 1.258.703,29 | 0,04 |
| Japan | 9.012.313,50 | 0,29 |
| Australien | 17.108.134,93 | 0,55 |
| Neuseeland | 2.762.743,95 | 0,09 |
| Sonstige | 101.445.930,71 | 3,27 |
| 3. Sonstige Wertpapiere | 15.887.979,04 | 0,51 |
| Schweiz | 15.887.979,04 | 0,51 |
| 4. Bankguthaben, Geldmarktpapiere, Geldmarkt- und geldmarktnahe Fonds | 22.336.595,58 | 0,71 |
| 5. Sonstige Vermögensgegenstände | 16.695.303,87 | 0,54 |
| II. Verbindlichkeiten | -3.859.780,05 | -0,13 |
| III. Fondsvermögen | 3.089.017.813,34 | 100,00 |

*) 
Durch Rundung der Prozentanteile bei der Berechnung können geringfügige Run- dungsdifferenzen entstanden sein.
II. Verbindlichkeiten	-3.859.780,05	-0,13
III. Fondsvermögen	3.089.017.813,34	100,00
| Vermögensaufstellung zum 30.06.2020 |
| --- |
| ISIN | Gattungsbezeichnung | Markt | Stück bzw. | Bestand | Käufe/	Verkäufe/ | Kurs | Kurswert | % des |
| Börsengehandelte Wertpapiere |  | Anteile bzw. Währung | 30.06.2020 | Zugänge	Abgänge im Berichtszeitraum |  | in EUR 2.962.805.950,91 | Fondsver- mögens 95,92 |
| Aktien |  |  |  |  |  |  | 918.389.006,21 | 29,74 |
| Deutschland |  |  |  |  |  |  | 201.613.209,70 | 6,53 |
| DE000A1EWWW0 | adidas AG Namens-Aktien | STK | 119.175 | 125.082 | 5.907 EUR | 232,400 | 27.696.270,00 | 0,90 |
| DE0005785604 | Fresenius SE & Co. KGaA Inhaber-Stammaktien | STK | 427.755 | 37.317 | 50.619 EUR | 43,610 | 18.654.395,55 | 0,60 |
| DE0006231004 | Infineon Technologies AG Namens-Aktien | STK | 2.146.650 | 187.274 | 254.027 EUR | 20,590 | 44.199.523,50 | 1,43 |
| DE000A0D9PT0 | MTU Aero Engines AG Namens-Aktien | STK | 103.379 | 67.777 | 10.428 EUR | 155,200 | 16.044.420,80 | 0,52 |
| DE0006452907 | Nemetschek SE Inhaber-Aktien | STK | 114.247 | 9.966 | 13.518 EUR | 60,650 | 6.929.080,55 | 0,22 |
| DE0007164600 | SAP SE Inhaber-Aktien | STK | 472.026 | 41.179 | 55.857 EUR | 122,300 | 57.728.779,80 | 1,88 |
| DE000ZAL1111 | Zalando SE Inhaber-Aktien | STK | 478.725 | 115.658 | 28.462 EUR | 63,420 | 30.360.739,50 | 0,98 |
| Frankreich |  |  |  |  |  |  | 94.902.594,70 | 3,08 |
| FR0000130650 | Dassault Systemes SE Actions Port. | STK | 166.024 | 46.179 | 9.107 EUR | 151,650 | 25.177.539,60 | 0,82 |
| FR0010307819 | Legrand S.A. Actions au Porteur | STK | 178.550 | 116.412 | 13.627 EUR | 67,680 | 12.084.264,00 | 0,39 |
| FR0000120321 FR0000121014 | L‘Oréal S.A. Actions Port. LVMH Moët Henn. L. Vuit- | STK | 92.884 | 18.205 | 9.680 EUR | 284,600 | 26.434.786,40 | 0,86 |
|  | ton SE Action Port.(C.R.) | STK | 80.314 | 10.495 | 9.051 EUR | 388,550 | 31.206.004,70 | 1,01 |
| Niederlande |  |  |  |  |  |  | 84.269.324,70 | 2,74 |
| NL0010273215 | ASML Holding N.V. Aandelen op naam | STK | 208.229 | 18.166 | 35.453 EUR | 324,350 | 67.539.076,15 | 2,20 |
| NL0000388619 | Unilever N.V. Aandelen op naam | STK | 351.107 | 36.667 | 218.701 EUR | 47,650 | 16.730.248,55 | 0,54 |
| Irland |  |  |  |  |  |  | 69.630.801,27 | 2,25 |
| IE0002424939 | DCC PLC Reg.Shares | STK | 352.104 | 30.716 | 41.665 GBP | 66,820 | 25.748.387,72 | 0,83 |
| IE0004906560 | Kerry Group PLC Reg.Shares A | STK | 194.392 | 16.959 | 23.003 EUR | 109,600 | 21.305.363,20 | 0,69 |
| IE0004927939 | Kingspan Group PLC Reg.Shares | STK | 395.049 | 34.463 | 46.747 EUR | 57,150 | 22.577.050,35 | 0,73 |
| Dänemark |  |  |  |  |  |  | 168.988.177,80 | 5,47 |
| DK0060946788 | Ambu A/S Navne-Aktier B | STK | 1.097.879 | 133.721 | 129.918 DKK | 212,200 | 31.261.479,52 | 1,01 |
| DK0060227585 | Christian Hansen Holding AS Navne-Aktier | STK | 108.167 | 117.645 | 9.478 DKK | 678,200 | 9.843.787,74 | 0,32 |
| DK0060448595 | Coloplast AS Navne-Aktier B | STK | 225.296 | 11.459 | 48.709 DKK | 1.022,500 | 30.911.954,70 | 1,00 |
| DK0060079531 | DSV Panalpina A/S Indehaver Bonus-Aktier | STK | 465.138 | 40.578 | 55.042 DKK | 805,200 | 50.256.849,24 | 1,63 |
| DK0060534915 | Novo-Nordisk AS Navne-Aktier B | STK | 802.507 | 70.011 | 94.965 DKK | 433,800 | 46.714.106,60 | 1,51 |
| Spanien |  |  |  |  |  |  | 23.650.496,70 | 0,77 |
| ES0109067019 | Amadeus IT Group S.A. Acciones Port. | STK | 217.942 | 36.781 | 253.560 EUR | 46,590 | 10.153.917,78 | 0,33 |
| ES0148396007 | Industria de Diseño Textil SA Acciones Port. | STK | 572.374 | 60.752 | 206.423 EUR | 23,580 | 13.496.578,92 | 0,44 |
| Schweden |  |  |  |  |  |  | 113.975.820,30 | 3,68 |
| SE0007100581 | Assa-Abloy AB Namn-Aktier B | STK | 1.333.399 | 116.326 | 157.789 SEK | 190,250 | 24.185.833,37 | 0,78 |
| SE0011166610 | Atlas Copco AB Namn-Aktier A | STK | 815.355 | 71.131 | 96.486 SEK | 395,200 | 30.721.324,85 | 0,99 |
| SE0011166933 | Epiroc AB Namn-Aktier A | STK | 1.409.423 | 728.716 | 115.006 SEK | 116,150 | 15.607.625,45 | 0,51 |
| SE0000103699 | Hexagon AB Namn-Aktier B (fria) | STK | 561.606 | 48.994 | 66.457 SEK | 539,200 | 28.870.738,19 | 0,93 |
| SE0007074281 | Hexpol AB Namn-Aktier B | STK | 1.016.180 | 88.651 | 120.250 SEK | 68,200 | 6.607.410,42 | 0,21 |
| SE0000114837 | Trelleborg AB Namn-Aktier B (fria) | STK | 623.691 | 31.767 | 308.552 SEK | 134,250 | 7.982.888,02 | 0,26 |
| Schweiz |  |  |  |  |  |  | 128.145.199,41 | 4,15 |
| CH0210483332 | Cie Financière Richemont AG Namens-Aktien | STK | 125.741 | 19.564 | 147.451 CHF | 60,120 | 7.074.586,05 | 0,23 |
| CH0013841017 | Lonza Group AG Namens-Aktien | STK | 41.168 | 26.230 | 3.045 CHF | 497,400 | 19.163.317,77 | 0,62 |
| CH0024608827 | Partners Group Holding AG Namens-Aktien | STK | 41.095 | 6.164 | 4.782 CHF | 850,600 | 32.712.935,29 | 1,06 |
| CH0418792922 | Sika AG Namens-Aktien | STK | 236.072 | 20.594 | 27.935 CHF | 182,950 | 40.418.672,41 | 1,31 |
| CH0012453913 | Temenos AG Nam.-Aktien | STK | 146.777 | 89.050 | 13.366 CHF | 143,600 | 19.725.026,62 | 0,64 |
| CH0311864901 | VAT Group AG Namens-Aktien | STK | 56.457 | 4.924 | 6.680 CHF | 171,300 | 9.050.661,27 | 0,29 |
| Großbritannien |  |  |  |  |  |  | 33.213.381,63 | 1,07 |
| GB0030927254 | ASOS PLC Reg.Shares | STK | 103.299 | 14.113 | 215.801 GBP | 33,450 | 3.781.506,48 | 0,12 |
| GB00BD6K4575 | Compass Group PLC Reg.Shares | STK | 378.226 | 221.533 | 1.067.040 GBP | 11,120 | 4.602.870,72 | 0,15 |
| GB00B24CGK77 | Reckitt Benckiser Group Reg.Shares | STK | 46.700 | 5.639 | 295.443 GBP | 74,069 | 3.785.526,28 | 0,12 |
| GB00BWFGQN14 | Spirax-Sarco Engineering PLC Reg.Shares | STK | 83.043 | 7.244 | 9.825 GBP | 100,150 | 9.101.785,44 | 0,29 |
| GB0007669376 | St. James‘s Place PLC Reg.Shares | STK | 1.154.191 | 60.667 | 626.158 GBP | 9,454 | 11.941.692,71 | 0,39 |
| Verzinsliche Wertpapiere |  |  |  |  |  |  | 2.028.528.965,66 | 65,67 |
| EUR-Anleihen |  |  |  |  |  |  | 2.028.528.965,66 | 65,67 |
| XS2076154801	0,1000 % Abbott Ireland Finan- |  |  |  |  |  |  |  |  |
| cing DAC Notes 19/24 | EUR | 2.400.000 | 0 | 0 | % | 99,574 | 2.389.779,36 | 0,08 |
| XS2055646918	0,7500 % AbbVie Inc. Notes 19/27 XS1967635977	2,3750 % Abertis Infraestruc- | EUR | 3.050.000 | 0 | 0 | % | 100,177 | 3.055.391,18 | 0,10 |
| turas S.A. MTN 19/27 XS2055651918	1,1250 % Abertis Infraestruc- | EUR | 3.000.000 | 0 | 0 | % | 100,766 | 3.022.989,30 | 0,10 |
| turas S.A. MTN 19/28 | EUR | 3.900.000 | 0 | 0 | % | 91,416 | 3.565.221,27 | 0,12 |
| XS1344751968	0,8750 % ABN AMRO Bank N.V. Cov. MTN 16/26 | EUR | 10.000.000 | 0 | 0 | % | 106,742 | 10.674.206,00 | 0,35 |
| XS1548458014	1,1250 % ABN AMRO Bank N.V. Cov. MTN 17/32 XS2102283061	0,6000 % ABN AMRO Bank N.V. | EUR | 4.000.000 | 0 | 0 | % | 113,999 | 4.559.977,60 | 0,15 |
| Non-Pref. MTN 20/27 | EUR | 2.200.000 | 2.200.000 | 0 | % | 98,710 | 2.171.616,26 | 0,07 |

Vermögensaufstellung zum 30.06.2020
| ISIN | Gattungsbezeichnung | Markt | Stück bzw. Anteile bzw. Währung | Bestand 30.06.2020 | Käufe/	Verkäufe/ Zugänge	Abgänge im Berichtszeitraum | Kurs | Kurswert in EUR | % des Fondsver- mögens |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| XS1917577931 | 0,2500 % ABN AMRO Bank N.V. |  |  |  |  |  |  |  |  |
| XS1935139995 | Preferred MTN 18/21 0,8750 % ABN AMRO Bank N.V. | EUR | 4.100.000 | 0 | 0 | % | 100,362 | 4.114.839,95 | 0,13 |
| XS1357663050 | Preferred MTN 19/24 0,8750 % AIB Mortgage Bank | EUR | 2.400.000 | 0 | 0 | % | 103,014 | 2.472.336,24 | 0,08 |
|  | Mortg. Cov. MTN 16/23 | EUR | 4.350.000 | 0 | 0 | % | 103,373 | 4.496.706,36 | 0,15 |
| XS1391625289 | 1,1250 % Akzo Nobel N.V. MTN 16/26 | EUR | 2.650.000 | 0 | 0 | % | 105,313 | 2.790.797,68 | 0,09 |
| XS1843444081 XS1550134602 | 1,0000 % Altria Group Inc. Notes 19/23 0,7500 % American Honda Fi- | EUR | 2.600.000 | 0 | 0 | % | 101,052 | 2.627.353,04 | 0,09 |
|  | nance Corp. MTN S.A 17/24 | EUR | 2.600.000 | 0 | 0 | % | 100,784 | 2.620.385,56 | 0,08 |
| XS1369278251 XS1935204641 | 1,2500 % Amgen Inc. Notes 16/22 0,5000 % ANZ New Zealand (Itl) | EUR | 2.000.000 | 0 | 0 | % | 101,662 | 2.033.233,40 | 0,07 |
|  | (Ldn Br.) Mort.Cov. MTN 19/24 | EUR | 2.700.000 | 0 | 0 | % | 102,324 | 2.762.743,95 | 0,09 |
| FR0012300812 | 1,8750 % APRR MTN 14/25 | EUR | 2.200.000 | 0 | 0 | % | 106,855 | 2.350.812,42 | 0,08 |
| FR0013220258 | 1,2500 % APRR MTN 16/27 | EUR | 2.400.000 | 0 | 0 | % | 105,741 | 2.537.778,96 | 0,08 |
| FR0013477486 | 0,0000 % APRR MTN 20/23 | EUR | 1.900.000 | 1.900.000 | 0 | % | 99,465 | 1.889.826,45 | 0,06 |
| FR0012452191 | 1,5000 % Arkema S.A. MTN 15/25 | EUR | 5.000.000 | 0 | 0 | % | 104,591 | 5.229.531,50 | 0,17 |
| XS1032529205 | 3,3750 % ASTM S.p.A. MTN 14/24 | EUR | 5.000.000 | 0 | 0 | % | 105,168 | 5.258.397,00 | 0,17 |
| XS0896144655 FR0010491720 | 2,5000 % Atlas Copco AB MTN 13/23 5,6250 % Autoroutes du Sud de | EUR | 5.000.000 | 0 | 0 | % | 106,511 | 5.325.528,00 | 0,17 |
| FR0013169885 | la France MTN 07/22 1,0000 % Autoroutes du Sud de | EUR | 4.100.000 | 0 | 0 | % | 110,783 | 4.542.098,49 | 0,15 |
| FR0013231099 | la France MTN 16/26 1,2500 % Autoroutes du Sud de | EUR | 1.800.000 | 0 | 0 | % | 104,869 | 1.887.648,66 | 0,06 |
|  | la France MTN 17/27 | EUR | 1.900.000 | 0 | 0 | % | 106,495 | 2.023.402,72 | 0,07 |
| XS1107731702 | 1,3750 % Bank of America Corp. MTN 14/21 | EUR | 3.800.000 | 0 | 0 | % | 101,574 | 3.859.812,76 | 0,12 |
| XS1079726334 | 2,3750 % Bank of America Corp. MTN 14/24 | EUR | 8.800.000 | 0 | 0 | % | 107,595 | 9.468.398,72 | 0,31 |
| XS1369268534 | 0,3750 % BAWAG P.S.K. MT Bonds 16/22 | EUR | 4.200.000 | 0 | 0 | % | 101,168 | 4.249.045,08 | 0,14 |
| XS1548792420 | 0,2500 % Berkshire Hathaway Inc. Notes 17/21 | EUR | 1.700.000 | 0 | 0 | % | 100,140 | 1.702.383,74 | 0,06 |
| DE000BHY0BC4 XS1121177767 | 0,2500 % Berlin Hyp AG Hyp.-Pfe. S.196 16/23 1,7500 % Bertelsmann SE & Co. | EUR | 5.400.000 | 0 | 0 | % | 101,708 | 5.492.256,30 | 0,18 |
| XS1400165350 | KGaA MTN Anl. 14/24 1,1250 % Bertelsmann SE & Co. | EUR | 3.200.000 | 0 | 0 | % | 106,285 | 3.401.133,44 | 0,11 |
|  | KGaA MTN Anl. 16/26 | EUR | 2.200.000 | 0 | 0 | % | 104,155 | 2.291.399,66 | 0,07 |
| XS1948612905 | 0,6250 % BMW Finance N.V. MTN 19/23 | EUR | 2.250.000 | 0 | 0 | % | 101,043 | 2.273.475,83 | 0,07 |
| XS2055727916 | 0,0000 % BMW Finance N.V. MTN 19/23 | EUR | 2.550.000 | 0 | 0 | % | 99,149 | 2.528.294,66 | 0,08 |
| XS1368698251 | 0,2500 % BNG Bank N.V. MTN 16/23 | EUR | 6.000.000 | 0 | 0 | % | 101,653 | 6.099.167,40 | 0,20 |
| XS1342516629 BE0002586643 | 1,0000 % BNG Bank N.V. MTN 16/26 0,8750 % BNP Paribas Fortis S.A. | EUR | 10.000.000 | 0 | 0 | % | 107,020 | 10.702.001,00 | 0,35 |
| FR0013106622 | MT Mortg.Cov. Bds 18/28 0,2500 % BNP Paribas Home Loan | EUR | 5.900.000 | 0 | 0 | % | 108,342 | 6.392.166,79 | 0,21 |
|  | SFH MT Obl.Fin.Hab. 16/21 | EUR | 6.000.000 | 0 | 0 | % | 100,679 | 6.040.743,00 | 0,20 |
| FR0013476611 FR0013484458 | 1,1250 % BNP Paribas S.A. FLR MTN 20/32 0,5000 % BNP Paribas S.A. FLR | EUR | 2.900.000 | 2.900.000 | 0 | % | 96,460 | 2.797.329,27 | 0,09 |
|  | Non-Pref. MTN 20/28 | EUR | 3.200.000 | 3.200.000 | 0 | % | 97,412 | 3.117.193,60 | 0,10 |
| XS0847433561 | 2,8750 % BNP Paribas S.A. MTN 12/22 | EUR | 3.000.000 | 0 | 0 | % | 106,546 | 3.196.371,00 | 0,10 |
| XS1527753187 | 0,5000 % BNP Paribas S.A. MTN 16/22 | EUR | 2.850.000 | 0 | 0 | % | 101,015 | 2.878.927,22 | 0,09 |
| XS1345331299 | 1,1250 % BNP Paribas S.A. MTN 16/23 | EUR | 5.000.000 | 0 | 0 | % | 102,781 | 5.139.048,50 | 0,17 |
| XS2070192591 | 0,6250 % Boston Scientific Corp. Notes 19/27 | EUR | 1.250.000 | 0 | 0 | % | 99,010 | 1.237.628,75 | 0,04 |
| XS1527126772 | 1,1170 % BP Capital Markets PLC MTN 16/24 | EUR | 1.800.000 | 0 | 0 | % | 102,626 | 1.847.260,44 | 0,06 |
| FR0013312501 | 1,6250 % BPCE S.A. Non-Pref. MTN 18/28 | EUR | 6.000.000 | 0 | 0 | % | 106,003 | 6.360.185,40 | 0,21 |
| FR0013396447 | 1,0000 % BPCE S.A. Preferred MTN 19/24 | EUR | 2.600.000 | 0 | 0 | % | 103,346 | 2.687.008,22 | 0,09 |
| FR0013111903 | 0,3750 % BPCE SFH MT Obl.Fin.Hab. 16/23 | EUR | 3.600.000 | 0 | 0 | % | 101,936 | 3.669.691,32 | 0,12 |
| FR0013383346 XS1385945131 | 0,7500 % BPCE SFH MT Obl.Fin.Hab. 18/26 2,3750 % Bque Fédérative du | EUR | 4.800.000 | 0 | 0 | % | 106,604 | 5.116.980,00 | 0,17 |
| XS1548802914 | Cr. Mutuel MTN 16/26 0,3750 % Bque Fédérative du | EUR | 4.300.000 | 0 | 0 | % | 105,367 | 4.530.773,69 | 0,15 |
| XS1824240136 | Cr. Mutuel MTN 17/22 2,5000 % Bque Fédérative du | EUR | 2.900.000 | 0 | 0 | % | 100,450 | 2.913.059,86 | 0,09 |
| FR0013476553 | Cr. Mutuel MTN 18/28 0,7500 % Bque Fédérative du Cr. Mu- | EUR | 3.000.000 | 0 | 0 | % | 107,848 | 3.235.425,00 | 0,10 |
| FR0013386539 | tuel Non-Pref. MTN 20/30 0,7500 % Bque Fédérative du Cr. Mu- | EUR | 4.300.000 | 4.300.000 | 0 | % | 99,336 | 4.271.438,11 | 0,14 |
|  | tuel Preferred MTN 19/23 | EUR | 3.900.000 | 0 | 0 | % | 101,985 | 3.977.398,62 | 0,13 |

Vermögensaufstellung zum 30.06.2020
| ISIN | Gattungsbezeichnung | Markt | Stück bzw. Anteile bzw. Währung | Bestand 30.06.2020 | Käufe/	Verkäufe/ Zugänge	Abgänge im Berichtszeitraum | Kurs | Kurswert in EUR | % des Fondsver- mögens |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| XS1377680381 | 0,6250 % British Telecommuni- |  |  |  |  |  |  |  |  |
|  | cations PLC MTN 16/21 | EUR | 2.900.000 | 0 | 0 | % | 100,289 | 2.908.380,71 | 0,09 |
| DE0001102424 | 0,5000 % Bundesrep.Deutschland Anl. 17/27 | EUR | 10.750.000 | 0 | 25.000.000 | % | 108,431 | 11.656.332,50 | 0,38 |
| DE0001102465 | 0,2500 % Bundesrep.Deutschland Anl. 19/29 | EUR | 27.000.000 | 14.000.000 | 0 | % | 107,342 | 28.982.337,30 | 0,94 |
| DE0001102499 FR0013088424 | 0,0000 % Bundesrep.Deutschland Anl. 20/30 0,5000 % Caisse Francaise d.Financ. | EUR | 85.000.000 | 85.000.000 | 0 | % | 105,064 | 89.304.391,50 | 2,90 |
| XS1796257092 | Loc. MT Obl.Fonc. 16/22 0,7500 % Canadian Imperial Bk | EUR | 5.000.000 | 0 | 0 | % | 101,580 | 5.078.985,50 | 0,16 |
|  | of Comm. MTN 18/23 | EUR | 5.100.000 | 0 | 0 | % | 101,957 | 5.199.800,37 | 0,17 |
| XS1401331753 FR0013106630 | 0,7500 % Carrefour S.A. MTN 16/24 1,0000 % Cie de Financement Fon- | EUR | 750.000 | 0 | 0 | % | 101,832 | 763.740,00 | 0,02 |
| FR0013413382 | cier MT Obl. Fonc. 16/26 0,3750 % Cie de Financement Fon- | EUR | 6.000.000 | 0 | 0 | % | 107,146 | 6.428.736,60 | 0,21 |
| FR0013445129 | cier MT Obl. Fonc. 19/27 0,0100 % Cie de Financement Fon- | EUR | 3.300.000 | 0 | 0 | % | 104,079 | 3.434.619,21 | 0,11 |
|  | cier MT Obl. Fonc. 19/27 | EUR | 9.000.000 | 0 | 0 | % | 101,554 | 9.139.833,90 | 0,30 |
| XS1068874970 | 2,3750 % Citigroup Inc. MTN 14/24 | EUR | 3.800.000 | 0 | 0 | % | 107,452 | 4.083.167,26 | 0,13 |
| XS1107727007 XS1377682676 | 2,1250 % Citigroup Inc. MTN 14/26 1,8750 % Coca Cola HBC Fi- | EUR | 6.800.000 | 0 | 0 | % | 109,174 | 7.423.810,92 | 0,24 |
| XS2082345955 | nance B.V. MTN 16/24 0,6250 % Coca Cola HBC Fi- | EUR | 1.550.000 | 0 | 0 | % | 106,718 | 1.654.123,73 | 0,05 |
| XS1357027496 | nance B.V. MTN 19/29 0,3750 % Commonwealth Bank of | EUR | 2.750.000 | 0 | 0 | % | 98,019 | 2.695.524,15 | 0,09 |
| XS1637093508 | Australia Mrtg.Cov. MTN 16/21 0,6250 % Compass Group Fin. | EUR | 4.600.000 | 0 | 0 | % | 100,464 | 4.621.326,52 | 0,15 |
|  | Netherl. BV MTN 17/24 | EUR | 5.600.000 | 0 | 0 | % | 101,061 | 5.659.427,20 | 0,18 |
| XS2056430874 XS1180130939 | 0,3750 % Continental AG MTN 19/25 1,3750 % Coöperatieve Rabo- | EUR | 3.500.000 | 0 | 0 | % | 95,573 | 3.345.050,45 | 0,11 |
| XS1956955980 | bank U.A. MTN 15/27 0,6250 % Coöperatieve Rabobank | EUR | 7.000.000 | 0 | 0 | % | 109,159 | 7.641.103,40 | 0,25 |
| FR0013113453 | U.A. Non-Preferred MTN 19/24 0,3750 % Crédit Mutuel HomeLoan | EUR | 2.900.000 | 0 | 0 | % | 101,097 | 2.931.821,12 | 0,09 |
|  | SFH SA MT Obl.Fin.Hab.16/22 | EUR | 4.800.000 | 0 | 0 | % | 101,626 | 4.878.029,28 | 0,16 |
| XS2078761785 XS2082333787 | 1,3750 % Danske Bank AS FLR MTN 19/30 0,3000 % DekaBank Dt.Girozentrale | EUR | 2.200.000 | 0 | 0 | % | 96,510 | 2.123.220,00 | 0,07 |
| XS0969368934 | MTN Anl. Ausg.150 19/26 2,5000 % Deutsche Bahn Fi- | EUR | 1.400.000 | 0 | 0 | % | 101,415 | 1.419.803,70 | 0,05 |
|  | nance GmbH MTN 13/23 | EUR | 3.100.000 | 0 | 0 | % | 107,978 | 3.347.314,59 | 0,11 |
| DE000DL19TA6 | 1,5000 % Deutsche Bank AG MTN 17/22 | EUR | 5.000.000 | 0 | 0 | % | 100,577 | 5.028.835,00 | 0,16 |
| DE000DL19UQ0 | 1,6250 % Deutsche Bank AG MTN 19/21 | EUR | 3.300.000 | 0 | 0 | % | 100,468 | 3.315.448,95 | 0,11 |
| DE000DL19U23 DE000DHY4614 | 1,6250 % Deutsche Bank AG MTN 20/27 0,2500 % Deutsche Hypotheken- | EUR | 2.500.000 | 2.500.000 | 0 | % | 99,192 | 2.479.797,25 | 0,08 |
|  | bank MTN Hyp.-Pfe. S.461 16/23 | EUR | 6.000.000 | 0 | 0 | % | 101,563 | 6.093.768,60 | 0,20 |
| XS0977496636 | 2,7500 % Deutsche Post AG MTN 13/23 | EUR | 5.000.000 | 0 | 0 | % | 109,725 | 5.486.246,50 | 0,18 |
| XS1388661651 XS0525787874 | 0,3750 % Deutsche Post AG MTN 16/21 4,2500 % Deutsche Telekom | EUR | 1.900.000 | 0 | 0 | % | 100,137 | 1.902.610,22 | 0,06 |
| XS1382792197 | Intl Fin.B.V. MTN 10/22 0,6250 % Deutsche Telekom | EUR | 5.000.000 | 0 | 0 | % | 108,369 | 5.418.467,50 | 0,18 |
|  | Intl Fin.B.V. MTN 16/23 | EUR | 3.100.000 | 0 | 0 | % | 101,281 | 3.139.696,74 | 0,10 |
| XS1348774644 | 0,7500 % Dexia Crédit Local S.A. MTN 16/23 | EUR | 4.850.000 | 0 | 0 | % | 102,672 | 4.979.592,97 | 0,16 |
| XS1637162592 XS1396253236 | 1,2000 % DH Europe Finance S.a.r.l. Notes 17/27 0,2500 % DNB Boligkreditt A.S. | EUR | 6.250.000 | 0 | 0 | % | 103,746 | 6.484.135,00 | 0,21 |
| XS1548410080 | Mortg. Cov. MTN 16/23 0,0500 % DNB Boligkreditt A.S. | EUR | 4.800.000 | 0 | 0 | % | 101,651 | 4.879.239,84 | 0,16 |
| DE000A13SWC0 | Mortg. Cov. MTN 17/22 0,5000 % Dt. Pfandbriefbank AG | EUR | 5.000.000 | 0 | 0 | % | 100,670 | 5.033.503,50 | 0,16 |
|  | MTN Hyp.-Pfe. R.15249 16/23 | EUR | 5.500.000 | 0 | 0 | % | 102,231 | 5.622.692,90 | 0,18 |
| XS1379591271 | 1,2500 % DVB Bank SE MTN IHS 16/21 | EUR | 3.000.000 | 0 | 0 | % | 100,476 | 3.014.293,20 | 0,10 |
| XS1555094066 DE000A161ZQ3 | 1,0000 % DVB Bank SE MTN IHS 17/22 0,7500 % DZ HYP AG MTN Hyp.- | EUR | 5.100.000 | 0 | 0 | % | 99,912 | 5.095.533,93 | 0,16 |
| DE000A2GSP56 | Pfe. R.371 15/26 [WL] 0,8750 % DZ HYP AG MTN Hyp.- | EUR | 5.000.000 | 0 | 0 | % | 106,039 | 5.301.935,00 | 0,17 |
|  | Pfe. R.392 18/28 [WL] | EUR | 9.400.000 | 0 | 0 | % | 108,612 | 10.209.529,88 | 0,33 |
| XS2069380488 | 0,0000 % E.ON SE MTN 19/22 | EUR | 3.150.000 | 0 | 0 | % | 99,629 | 3.138.298,07 | 0,10 |
| XS2103015009 | 0,0000 % E.ON SE MTN 20/23 | EUR | 3.400.000 | 3.400.000 | 0 | % | 99,186 | 3.372.338,62 | 0,11 |

Vermögensaufstellung zum 30.06.2020
| ISIN | Gattungsbezeichnung | Markt | Stück bzw. Anteile bzw. Währung | Bestand 30.06.2020 | Käufe/	Verkäufe/ Zugänge	Abgänge im Berichtszeitraum | Kurs | Kurswert in EUR | % des Fondsver- mögens |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| XS1255433754 | 2,6250 % Ecolab Inc. Notes 15/25 | EUR | 5.000.000 | 0 | 0 | % | 110,665 | 5.533.249,50 | 0,18 |
| XS1721051495 XS1403388694 | 1,5000 % EDP Finance B.V. MTN 17/27 1,3750 % Enagás Financiacio- | EUR | 6.000.000 | 0 | 0 | % | 105,988 | 6.359.284,80 | 0,21 |
|  | nes S.A.U. MTN 16/28 | EUR | 3.300.000 | 0 | 0 | % | 108,400 | 3.577.214,19 | 0,12 |
| XS1937665955 | 1,5000 % ENEL Finance Intl N.V. MTN 19/25 | EUR | 2.000.000 | 0 | 0 | % | 106,027 | 2.120.545,80 | 0,07 |
| FR0013455813 | 0,5000 % Engie S.A. MTN 19/30 | EUR | 1.900.000 | 0 | 0 | % | 97,908 | 1.860.249,15 | 0,06 |
| XS1412593185 DE000EAA0517 | 0,7500 % ENI S.p.A. MTN 16/22 0,0000 % Erste Abwicklungs- | EUR | 2.400.000 | 0 | 0 | % | 100,822 | 2.419.729,68 | 0,08 |
| XS1346557637 | anstalt IHS MTN 19/22 0,6250 % Erste Group Bank | EUR | 9.000.000 | 0 | 0 | % | 101,020 | 9.091.806,30 | 0,29 |
| EU000A1G0DC6 | AG MT Hyp.-Pfe. 16/23 0,5000 % Europ.Fin.Stab.Faci- | EUR | 4.800.000 | 0 | 0 | % | 102,453 | 4.917.733,92 | 0,16 |
| EU000A1G0EA8 | lity (EFSF) MTN 15/23 0,2000 % Europ.Fin.Stab.Faci- | EUR | 10.000.000 | 0 | 0 | % | 102,812 | 10.281.197,00 | 0,33 |
| EU000A1U9944 | lity (EFSF) MTN 18/24 0,5000 % Europäischer Stabili- | EUR | 20.000.000 | 0 | 0 | % | 102,569 | 20.513.822,00 | 0,66 |
| XS1280834992 | täts.(ESM) MTN 16/26 0,5000 % European Invest- | EUR | 20.000.000 | 0 | 0 | % | 105,490 | 21.098.012,00 | 0,68 |
| XS1950839677 | ment Bank MTN 15/23 0,0500 % European Invest- | EUR | 20.000.000 | 0 | 0 | % | 103,847 | 20.769.464,00 | 0,67 |
| XS1938387237 | ment Bank MTN 19/24 0,6250 % European Invest- | EUR | 15.300.000 | 0 | 0 | % | 102,526 | 15.686.458,11 | 0,51 |
|  | ment Bank MTN 19/29 | EUR | 12.000.000 | 0 | 0 | % | 109,141 | 13.096.977,60 | 0,42 |
| XS1937060884 | 0,7000 % Fedex Corp. Notes 19/22 | EUR | 1.750.000 | 0 | 0 | % | 100,527 | 1.759.214,63 | 0,06 |
| XS1956028168 DE000A1680J6 | 0,8750 % Fortum Oyj MTN 19/23 0,5000 % Freie Hansestadt Bremen | EUR | 2.100.000 | 0 | 0 | % | 101,072 | 2.122.521,87 | 0,07 |
| DE000A1680L2 | Landessch. Ausg.201 15/22 0,3750 % Freie Hansestadt Bremen | EUR | 6.000.000 | 0 | 0 | % | 101,994 | 6.119.621,40 | 0,20 |
| DE000A1YCQK7 | Landessch. Ausg.203 16/24 0,5000 % Freie u.Hansestadt Ham- | EUR | 10.000.000 | 0 | 0 | % | 102,701 | 10.270.067,00 | 0,33 |
| XS1554373164 | burg Landessch. Ausg.2 16/26 0,8750 % Fresenius Finance Ire- | EUR | 10.000.000 | 0 | 0 | % | 105,008 | 10.500.800,00 | 0,34 |
|  | land PLC MTN 17/22 1 | EUR | 3.800.000 | 0 | 0 | % | 100,468 | 3.817.787,04 | 0,12 |
| XS1936208419 XS1485748393 | 2,8750 % Fresenius SE & Co. KGaA MTN 19/29 0,9550 % General Motors Fi- | EUR | 3.000.000 | 0 | 0 | % | 114,909 | 3.447.282,30 | 0,11 |
| XS2049548444 | nancial Co. MTN 16/23 0,2000 % General Motors Fi- | EUR | 10.000.000 | 0 | 0 | % | 95,841 | 9.584.106,00 | 0,31 |
| XS1939356645 | nancial Co. MTN 19/22 2,2000 % General Motors Fi- | EUR | 2.150.000 | 0 | 0 | % | 96,293 | 2.070.297,14 | 0,07 |
|  | nancial Co. MTN 19/24 | EUR | 1.900.000 | 0 | 0 | % | 98,464 | 1.870.810,49 | 0,06 |
| XS1147605791 | 1,3750 % GlaxoSmithKline Cap. PLC MTN 14/24 | EUR | 5.000.000 | 0 | 0 | % | 105,533 | 5.276.645,00 | 0,17 |
| XS1529515584 XS1549372420 | 1,5000 % HeidelbergCement AG MTN 16/25 0,5000 % HeidelbergCement Fin. | EUR | 1.300.000 | 0 | 0 | % | 101,975 | 1.325.672,92 | 0,04 |
|  | Lux. S.A. MTN 17/21 | EUR | 4.350.000 | 0 | 0 | % | 100,070 | 4.353.051,96 | 0,14 |
| XS1330434389 | 1,5000 % Heineken N.V. MTN 15/24 | EUR | 3.000.000 | 0 | 0 | % | 105,104 | 3.153.126,30 | 0,10 |
| XS1401174633 | 1,0000 % Heineken N.V. MTN 16/26 | EUR | 4.850.000 | 0 | 0 | % | 103,405 | 5.015.138,14 | 0,16 |
| XS1527192485 | 1,3750 % Heineken N.V. MTN 16/27 | EUR | 1.300.000 | 0 | 0 | % | 105,967 | 1.377.576,20 | 0,04 |
| XS2047479469 | 0,5000 % HELLA GmbH & Co. KGaA Anl. 19/27 | EUR | 2.000.000 | 0 | 0 | % | 93,568 | 1.871.354,40 | 0,06 |
| XS1527758145 XS1398476793 | 1,0000 % Iberdrola Finanzas S.A. MTN 16/24 1,1250 % Iberdrola Internati- | EUR | 1.900.000 | 0 | 0 | % | 102,926 | 1.955.584,69 | 0,06 |
| XS1951313680 | onal B.V. MTN 16/26 1,1250 % Imperial Brands Fi- | EUR | 3.300.000 | 0 | 0 | % | 105,148 | 3.469.870,80 | 0,11 |
|  | nance PLC MTN 19/23 | EUR | 2.150.000 | 0 | 0 | % | 100,984 | 2.171.163,31 | 0,07 |
| XS0748187902 | 4,5000 % ING Bank N.V. MTN 12/22 | EUR | 4.000.000 | 0 | 0 | % | 107,365 | 4.294.597,60 | 0,14 |
| XS1914937021 | 0,3750 % ING Bank N.V. MTN 18/21 | EUR | 4.100.000 | 0 | 0 | % | 100,448 | 4.118.374,15 | 0,13 |
| XS1796079488 | 2,0000 % ING Groep N.V. FLR MTN 18/30 | EUR | 4.800.000 | 0 | 0 | % | 102,336 | 4.912.127,04 | 0,16 |
| XS2049154078 | 0,1000 % ING Groep N.V. FLR MTN 19/25 | EUR | 2.200.000 | 0 | 0 | % | 97,892 | 2.153.614,76 | 0,07 |
| XS2079079799 XS2123320033 | 1,0000 % ING Groep N.V. FLR MTN 19/30 0,3890 % JPMorgan Chase & | EUR | 1.800.000 | 0 | 0 | % | 96,600 | 1.738.801,44 | 0,06 |
|  | Co. FLR MTN 20/28 | EUR | 3.300.000 | 3.300.000 | 0 | % | 97,527 | 3.218.401,56 | 0,10 |
| XS1174469137 | 1,5000 % JPMorgan Chase & Co. MTN 15/25 | EUR | 5.000.000 | 0 | 0 | % | 104,992 | 5.249.624,00 | 0,17 |
| XS1402921412 | 1,5000 % JPMorgan Chase & Co. MTN 16/26 | EUR | 3.150.000 | 0 | 0 | % | 106,772 | 3.363.331,23 | 0,11 |
| FR0013165677 | 1,2500 % Kering S.A. MTN 16/26 | EUR | 2.000.000 | 0 | 0 | % | 105,428 | 2.108.564,00 | 0,07 |
| BE0000332412 | 2,6000 % Königreich Belgien Obl. Lin. S.72 14/24 | EUR | 10.000.000 | 0 | 0 | % | 112,693 | 11.269.300,00 | 0,36 |
| BE0000341504 | 0,8000 % Königreich Belgien Obl. Lin. S.81 17/27 | EUR | 28.000.000 | 20.000.000 | 0 | % | 108,063 | 30.257.640,00 | 0,98 |

Vermögensaufstellung zum 30.06.2020
| ISIN | Gattungsbezeichnung | Markt | Stück bzw. Anteile bzw. Währung | Bestand 30.06.2020 | Käufe/	Verkäufe/ Zugänge	Abgänge im Berichtszeitraum | Kurs | Kurswert in EUR | % des Fondsver- mögens |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NL0014555419 | 0,0000 % Königreich Niederlande Anl. 20/30 | EUR | 25.000.000 | 25.000.000 | 0 | % | 103,246 | 25.811.497,50 | 0,84 |
| ES00000123X3 | 4,4000 % Königreich Spanien Bonos 13/23 | EUR | 58.500.000 | 10.000.000 | 0 | % | 115,757 | 67.717.845,00 | 2,20 |
| ES00000126Z1 | 1,6000 % Königreich Spanien Bonos 15/25 | EUR | 47.000.000 | 10.000.000 | 0 | % | 108,430 | 50.962.100,00 | 1,65 |
| ES0000012B39 | 1,4000 % Königreich Spanien Bonos 18/28 | EUR | 60.000.000 | 10.000.000 | 0 | % | 109,294 | 65.576.400,00 | 2,13 |
| DE000A11QTD2 | 0,6250 % Kreditanst.f.Wiederaufbau Anl. 15/25 | EUR | 40.000.000 | 0 | 0 | % | 105,247 | 42.098.800,00 | 1,36 |
| DE000A168Y22 | 0,3750 % Kreditanst.f.Wiederaufbau Anl. 16/23 | EUR | 15.000.000 | 0 | 0 | % | 102,539 | 15.380.850,00 | 0,50 |
| DE000A11QTF7 FR0013090578 | 0,3750 % Kreditanst.f.Wiederaufbau MTN 15/30 0,5000 % La Banq. Postale Home | EUR | 10.000.000 | 0 | 0 | % | 105,929 | 10.592.934,00 | 0,34 |
| DE000NRW0KB3 | Loan SFH MT Obl.FinHab 16/23 0,5000 % Land Nordrhein-Westfalen | EUR | 3.850.000 | 0 | 0 | % | 102,218 | 3.935.397,24 | 0,13 |
| DE000RLP0736 | MT Landessch.R.1435 17/27 0,1250 % Land Rheinland- | EUR | 10.000.000 | 0 | 0 | % | 105,485 | 10.548.503,00 | 0,34 |
| DE000RLP0728 | Pfalz Landessch. 16/22 0,7500 % Land Rheinland- | EUR | 6.000.000 | 0 | 0 | % | 101,431 | 6.085.855,20 | 0,20 |
| XS2080581189 | Pfalz Landessch. 16/26 0,1250 % Lb.Hessen-Thüringen | EUR | 5.000.000 | 0 | 0 | % | 106,192 | 5.309.595,50 | 0,17 |
| DE000LB06G44 | GZ MTN IHS S.H339 19/24 0,1250 % Ldsbk Baden-Württemb. | EUR | 4.400.000 | 0 | 0 | % | 100,482 | 4.421.216,80 | 0,14 |
|  | MTN Pfe. S.760 16/22 | EUR | 5.000.000 | 0 | 0 | % | 100,881 | 5.044.052,50 | 0,16 |
| XS1397134609 | 1,0000 % Linde Finance B.V. MTN 16/28 | EUR | 2.150.000 | 0 | 0 | % | 107,655 | 2.314.586,37 | 0,07 |
| XS1518704900 | 0,2500 % Linde Finance B.V. MTN 17/22 | EUR | 3.150.000 | 0 | 0 | % | 100,575 | 3.168.120,38 | 0,10 |
| XS1346089359 | 0,3750 % Lloyds Bank PLC MT Cov. Bds 16/21 | EUR | 3.800.000 | 0 | 0 | % | 100,377 | 3.814.325,24 | 0,12 |
| XS1795392502 FR0013405347 | 0,6250 % Lloyds Bank PLC MT Cov. Bds 18/25 0,1250 % LVMH Moët Henn. L. | EUR | 7.550.000 | 0 | 0 | % | 104,097 | 7.859.300,85 | 0,25 |
| FR0013482833 | Vuitton SE MTN 19/23 0,1250 % LVMH Moët Henn. L. | EUR | 1.300.000 | 0 | 0 | % | 100,180 | 1.302.341,04 | 0,04 |
| XS1371532547 | Vuitton SE MTN 20/28 0,3750 % Macquarie Bank Ltd. | EUR | 2.300.000 | 2.300.000 | 0 | % | 98,348 | 2.262.006,76 | 0,07 |
|  | Mortg.Cov. MTN 16/21 | EUR | 3.450.000 | 0 | 0 | % | 100,465 | 3.466.046,99 | 0,11 |
| XS1403263723 | 0,5000 % McDonald‘s Corp. MTN 16/21 | EUR | 1.600.000 | 0 | 0 | % | 100,136 | 1.602.170,56 | 0,05 |
| XS1028941976 XS2102916793 | 1,1250 % Merck & Co. Inc. Notes 14/21 0,1250 % Merck Financial Ser- | EUR | 2.000.000 | 0 | 0 | % | 101,214 | 2.024.272,40 | 0,07 |
|  | vices GmbH MTN 20/25 | EUR | 1.800.000 | 1.800.000 | 0 | % | 99,675 | 1.794.142,26 | 0,06 |
| XS1379171140 | 1,7500 % Morgan Stanley MTN 16/24 | EUR | 6.650.000 | 0 | 0 | % | 104,493 | 6.948.797,14 | 0,22 |
| XS1548533329 XS1374414891 | 0,6250 % Municipality Finance PLC MTN 17/26 0,1250 % Nationwide Building So- | EUR | 6.000.000 | 0 | 0 | % | 105,668 | 6.340.078,80 | 0,21 |
|  | ciety MT Mortg.Cov.Bds 16/21 | EUR | 4.600.000 | 0 | 0 | % | 100,251 | 4.611.568,08 | 0,15 |
| XS1396767854 | 1,2500 % Naturgy Finance B.V. MTN 16/26 | EUR | 1.000.000 | 0 | 0 | % | 104,540 | 1.045.404,50 | 0,03 |
| XS1551446880 | 1,3750 % Naturgy Finance B.V. MTN 17/27 | EUR | 3.800.000 | 0 | 0 | % | 105,428 | 4.006.268,56 | 0,13 |
| XS1409382030 XS1346315382 | 1,0000 % Nederlandse Gasunie, N.V. MTN 16/26 0,5000 % Nederlandse Wa- | EUR | 2.700.000 | 0 | 0 | % | 105,375 | 2.845.120,41 | 0,09 |
|  | terschapsbank NV MTN 16/23 | EUR | 10.000.000 | 0 | 0 | % | 102,340 | 10.234.024,00 | 0,33 |
| XS1189263400 | 1,1250 % Nordea Bank Abp MTN 15/25 | EUR | 5.100.000 | 0 | 0 | % | 105,429 | 5.376.903,99 | 0,17 |
| XS1368470156 | 1,0000 % Nordea Bank Abp MTN 16/23 | EUR | 6.000.000 | 0 | 0 | % | 102,848 | 6.170.852,40 | 0,20 |
| XS1585010074 | 1,1250 % Novartis Finance S.A. Notes 17/27 | EUR | 5.000.000 | 0 | 0 | % | 107,939 | 5.396.963,50 | 0,17 |
| XS1956022716 | 0,3750 % OP Yrityspankki Oyj MTN 19/24 | EUR | 1.600.000 | 0 | 0 | % | 101,405 | 1.622.477,28 | 0,05 |
| XS1408317433 | 1,0000 % Orange S.A. MTN 16/25 | EUR | 5.600.000 | 0 | 0 | % | 103,102 | 5.773.695,76 | 0,19 |
| FR0013396496 | 0,5000 % Orange S.A. MTN 19/22 | EUR | 600.000 | 0 | 0 | % | 100,673 | 604.035,36 | 0,02 |
| FR0013456423 | 0,0000 % Pernod-Ricard S.A. Bonds 19/23 | EUR | 2.100.000 | 0 | 0 | % | 99,190 | 2.082.998,61 | 0,07 |
| XS2103230152 | 0,5000 % POSCO Notes 20/24 Reg.S | EUR | 1.300.000 | 1.300.000 | 0 | % | 96,823 | 1.258.703,29 | 0,04 |
| XS2049582625 | 0,2500 % Prologis Euro Finance LLC Notes 19/27 | EUR | 2.000.000 | 0 | 0 | % | 98,079 | 1.961.582,00 | 0,06 |
| XS1079698376 | 2,1250 % Red Eléctrica Financ. S.A.U. MTN 14/23 | EUR | 5.000.000 | 0 | 0 | % | 106,371 | 5.318.565,00 | 0,17 |
| XS1384281090 | 1,3750 % RELX Finance B.V. Notes 16/26 | EUR | 6.250.000 | 0 | 0 | % | 105,455 | 6.590.931,88 | 0,21 |
| XS1753814737 | 1,7500 % REN Finance B.V. MTN 18/28 | EUR | 3.000.000 | 0 | 0 | % | 107,120 | 3.213.598,20 | 0,10 |
| FR0011962398 | 1,7500 % Rep. Frankreich OAT 14/24 | EUR | 49.300.000 | 0 | 0 | % | 110,355 | 54.405.015,00 | 1,77 |
| FR0013200813 | 0,2500 % Rep. Frankreich OAT 16/26 | EUR | 20.000.000 | 0 | 0 | % | 104,401 | 20.880.198,00 | 0,68 |
| FR0013250560 | 1,0000 % Rep. Frankreich OAT 16/27 | EUR | 20.000.000 | 0 | 0 | % | 109,683 | 21.936.600,00 | 0,71 |
| FR0013286192 | 0,7500 % Rep. Frankreich OAT 17/28 | EUR | 30.500.000 | 0 | 25.000.000 | % | 108,596 | 33.121.776,95 | 1,07 |
| FR0013407236 | 0,5000 % Rep. Frankreich OAT 18/29 | EUR | 55.000.000 | 15.000.000 | 0 | % | 106,769 | 58.722.944,50 | 1,91 |
| IE00B4S3JD47 | 3,9000 % Republik Irland Treasury Bonds 13/23 | EUR | 18.200.000 | 0 | 0 | % | 112,141 | 20.409.662,00 | 0,66 |
| XS2015295814 | 0,1000 % Republik Island MTN 19/24 | EUR | 1.600.000 | 0 | 0 | % | 100,139 | 1.602.216,00 | 0,05 |
| IT0004356843 | 4,7500 % Republik Italien B.T.P. 08/23 | EUR | 33.600.000 | 0 | 0 | % | 113,608 | 38.172.288,00 | 1,24 |
| IT0004848831 | 5,5000 % Republik Italien B.T.P. 12/22 | EUR | 64.600.000 | 25.000.000 | 0 | % | 112,334 | 72.567.764,00 | 2,36 |
| IT0004898034 | 4,5000 % Republik Italien B.T.P. 13/23 | EUR | 41.500.000 | 12.000.000 | 0 | % | 111,937 | 46.453.855,00 | 1,50 |
| IT0005090318 | 1,5000 % Republik Italien B.T.P. 15/25 | EUR | 55.600.000 | 0 | 0 | % | 103,927 | 57.783.412,00 | 1,88 |

Vermögensaufstellung zum 30.06.2020
| ISIN | Gattungsbezeichnung | Markt | Stück bzw. Anteile bzw. Währung | Bestand 30.06.2020 | Käufe/	Verkäufe/ Zugänge	Abgänge im Berichtszeitraum | Kurs | Kurswert in EUR | % des Fondsver- mögens |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| IT0005240830 | 2,2000 % Republik Italien B.T.P. 17/27 | EUR | 17.000.000 | 0 | 0 | % | 108,068 | 18.371.558,30 | 0,59 |
| IT0005323032 | 2,0000 % Republik Italien B.T.P. 18/28 | EUR | 41.000.000 | 0 | 5.000.000 | % | 106,832 | 43.801.115,90 | 1,42 |
| AT0000A185T1 | 1,6500 % Republik Österreich Bundesanl. 14/24 | EUR | 10.500.000 | 0 | 0 | % | 109,786 | 11.527.524,75 | 0,37 |
| XS1015428821 | 3,0000 % Republik Polen MTN 14/24 | EUR | 5.000.000 | 0 | 0 | % | 111,190 | 5.559.503,00 | 0,18 |
| PTOTESOE0013 | 2,2000 % Republik Portugal Obr. 15/22 | EUR | 10.000.000 | 0 | 20.000.000 | % | 106,231 | 10.623.100,00 | 0,34 |
| PTOTEKOE0011 | 2,8750 % Republik Portugal Obr. 15/25 | EUR | 36.000.000 | 8.000.000 | 0 | % | 115,815 | 41.693.400,00 | 1,35 |
| PTOTEXOE0024 | 1,9500 % Republik Portugal Obr. 19/29 | EUR | 5.000.000 | 0 | 0 | % | 113,875 | 5.693.750,00 | 0,18 |
| PTOTELOE0028 | 0,4750 % Republik Portugal Obr. 20/30 | EUR | 3.600.000 | 3.600.000 | 0 | % | 100,011 | 3.600.395,64 | 0,12 |
| XS1371715118 FR0013445137 | 0,5000 % Roche Finance Europe B.V. MTN 16/23 0,0000 % RTE Réseau de | EUR | 4.600.000 | 0 | 0 | % | 101,697 | 4.678.053,26 | 0,15 |
|  | Transp.d‘Electr. MTN 19/27 | EUR | 2.700.000 | 0 | 0 | % | 98,046 | 2.647.242,00 | 0,09 |
| XS1110299036 | 1,5000 % Sampo OYJ MTN 14/21 | EUR | 4.900.000 | 0 | 0 | % | 101,757 | 4.986.101,33 | 0,16 |
| XS1520733301 | 1,0000 % Sampo OYJ MTN 16/23 | EUR | 3.250.000 | 0 | 0 | % | 102,527 | 3.332.111,25 | 0,11 |
| XS1888184121 | 2,2500 % Sampo OYJ MTN 18/30 | EUR | 3.000.000 | 0 | 0 | % | 112,822 | 3.384.665,10 | 0,11 |
| FR0011625433 | 2,5000 % Sanofi S.A. MTN 13/23 | EUR | 4.200.000 | 0 | 0 | % | 108,178 | 4.543.476,84 | 0,15 |
| FR0013144003 XS2050945984 | 1,1250 % Sanofi S.A. MTN 16/28 0,1250 % Santander Consu- | EUR | 1.600.000 | 0 | 0 | % | 107,422 | 1.718.759,20 | 0,06 |
|  | mer Bank AS MTN 19/24 | EUR | 1.300.000 | 0 | 0 | % | 97,132 | 1.262.718,47 | 0,04 |
| XS1392159825 XS1048521733 | 0,5000 % SBAB Bank AB (publ) MTN 16/21 1,6250 % Shell International Fi- | EUR | 3.900.000 | 0 | 0 | % | 100,504 | 3.919.671,99 | 0,13 |
| XS1955187692 | nance BV MTN 14/21 0,3000 % Siemens Finan.maats- | EUR | 5.800.000 | 0 | 0 | % | 101,349 | 5.878.244,90 | 0,19 |
| XS2049616548 | chappij NV MTN 19/24 0,0000 % Siemens Finan.maats- | EUR | 1.300.000 | 0 | 0 | % | 101,156 | 1.315.023,45 | 0,04 |
| XS2118280218 | chappij NV MTN 19/24 0,0000 % Siemens Finan.maats- | EUR | 1.350.000 | 0 | 0 | % | 99,594 | 1.344.512,52 | 0,04 |
| XS1362319284 | chappij NV MTN 20/26 0,1500 % Skandinaviska Enskilda | EUR | 4.100.000 | 4.100.000 | 0 | % | 99,239 | 4.068.782,60 | 0,13 |
| XS1370669639 | Banken MT Cov. Bds 16/21 0,7500 % Skandinaviska Ens- | EUR | 4.850.000 | 0 | 0 | % | 100,364 | 4.867.649,15 | 0,16 |
|  | kilda Banken MTN 16/21 | EUR | 8.000.000 | 0 | 0 | % | 100,958 | 8.076.652,00 | 0,26 |
| XS1938381628 FR0013448859 | 0,8750 % SNCF Réseau S.A. MTN 19/29 0,8750 % Société Générale S.A. | EUR | 5.300.000 | 0 | 0 | % | 107,107 | 5.676.667,29 | 0,18 |
| FR0013486701 | Non-Preferred MTN 19/29 0,1250 % Société Générale S.A. | EUR | 6.800.000 | 0 | 0 | % | 97,069 | 6.600.683,16 | 0,21 |
| FR0013094869 | Preferred MTN 20/26 0,5000 % Société Générale SFH | EUR | 3.300.000 | 3.300.000 | 0 | % | 98,966 | 3.265.892,19 | 0,11 |
|  | S.A. MT Obl.Fin.Hab. 16/23 | EUR | 3.900.000 | 0 | 0 | % | 102,213 | 3.986.321,82 | 0,13 |
| BE6282460615 XS1377237869 | 2,7500 % Solvay S.A. Notes 15/27 0,3750 % SpareBank 1 Boligkre- | EUR | 5.000.000 | 0 | 0 | % | 112,425 | 5.621.227,50 | 0,18 |
|  | ditt AS MT Mortg.Cov.Bds 16/23 | EUR | 5.700.000 | 0 | 0 | % | 101,881 | 5.807.192,49 | 0,19 |
| XS1055536251 XS1344895450 | 2,1250 % Sparebank 1 SR-Bank ASA MTN 14/21 0,7500 % SR-Boligkreditt A.S. | EUR | 8.000.000 | 0 | 0 | % | 101,629 | 8.130.287,20 | 0,26 |
|  | Mortg. Covered MTN 16/23 | EUR | 5.000.000 | 0 | 0 | % | 102,911 | 5.145.557,00 | 0,17 |
| XS1003017099 | 2,3750 % SSE PLC MTN 13/22 | EUR | 5.000.000 | 0 | 0 | % | 103,280 | 5.164.005,00 | 0,17 |
| XS1368543135 XS2102360315 | 0,3750 % Stadshypotek AB MT Hyp.-Pfe. 16/23 0,8500 % Standard Charte- | EUR | 5.350.000 | 0 | 0 | % | 101,942 | 5.453.887,37 | 0,18 |
| XS1524573752 | red PLC FLR MTN 20/28 1,2500 % Südzucker Intl Fi- | EUR | 3.450.000 | 3.450.000 | 0 | % | 98,768 | 3.407.503,25 | 0,11 |
| XS1795254025 | nance B.V. Notes 16/23 0,5000 % Svenska Handels- | EUR | 2.150.000 | 0 | 0 | % | 100,559 | 2.162.019,79 | 0,07 |
| XS2121207828 | banken AB MTN 18/23 0,5000 % Svenska Handelsban- | EUR | 5.900.000 | 0 | 0 | % | 101,549 | 5.991.415,19 | 0,19 |
| XS1361548693 | ken AB Non-Pref. MTN 20/30 0,1500 % Swedbank Hypotek AB | EUR | 4.250.000 | 4.250.000 | 0 | % | 98,207 | 4.173.815,35 | 0,14 |
|  | MT Mortg.Cov. Bds 16/21 | EUR | 3.450.000 | 0 | 0 | % | 100,330 | 3.461.385,00 | 0,11 |
| XS2056395606 | 0,0000 % Telenor ASA MTN 19/23 | EUR | 1.800.000 | 0 | 0 | % | 99,895 | 1.798.101,18 | 0,06 |
| XS2117452156 | 0,2500 % Telenor ASA MTN 20/28 | EUR | 2.000.000 | 2.000.000 | 0 | % | 99,341 | 1.986.822,20 | 0,06 |
| XS1241581096 | 1,7500 % TenneT Holding B.V. MTN 15/27 | EUR | 5.000.000 | 0 | 0 | % | 110,202 | 5.510.075,00 | 0,18 |
| FR0013479748 | 0,2500 % THALES S.A. MTN 20/27 | EUR | 2.000.000 | 2.000.000 | 0 | % | 98,954 | 1.979.071,00 | 0,06 |
| XS2049707180 XS1074144871 | 0,1250 % The Bank of Nova Scotia MTN 19/26 2,8750 % The Goldman Sachs | EUR | 3.750.000 | 0 | 0 | % | 97,507 | 3.656.524,88 | 0,12 |
| XS1796209010 | Group Inc. MTN 14/26 2,0000 % The Goldman Sachs | EUR | 5.000.000 | 0 | 0 | % | 111,266 | 5.563.289,00 | 0,18 |
|  | Group Inc. MTN 18/28 | EUR | 5.100.000 | 0 | 0 | % | 107,725 | 5.493.998,46 | 0,18 |

Vermögensaufstellung zum 30.06.2020
| ISIN | Gattungsbezeichnung | Markt | Stück bzw. Anteile bzw. Währung | Bestand 30.06.2020 | Käufe/	Verkäufe/ Zugänge	Abgänge im Berichtszeitraum | Kurs | Kurswert in EUR | % des Fondsver- mögens |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| XS1314318301 | 1,1250 % The Procter & Gam- |  |  |  |  |  |  |  |  |
| XS1401105587 | ble Co. Bonds 15/23 0,3750 % The Toronto-Dominion | EUR | 5.000.000 | 0 | 0 | % | 104,308 | 5.215.382,50 | 0,17 |
| XS2058556296 | Bank MT Cov. Bds 16/23 0,1250 % Thermo Fisher Sci- | EUR | 3.100.000 | 0 | 0 | % | 101,917 | 3.159.413,98 | 0,10 |
| XS1997077364 | entific Inc. Notes 19/25 1,4500 % Transurban Finance | EUR | 1.400.000 | 0 | 0 | % | 98,739 | 1.382.343,48 | 0,04 |
|  | Co. Pty Ltd MTN 19/29 | EUR | 1.700.000 | 0 | 0 | % | 99,609 | 1.693.357,42 | 0,05 |
| CH0520042489 FR0013405032 | 0,2500 % UBS Group AG FLR Notes 20/26 1,0000 % Unibail-Rodamco- | EUR | 2.500.000 | 2.500.000 | 0 | % | 98,262 | 2.456.553,75 | 0,08 |
| FR0013456621 | Westfield SE MTN 19/27 0,8750 % Unibail-Rodamco- | EUR | 1.900.000 | 0 | 0 | % | 97,080 | 1.844.524,56 | 0,06 |
| DE000HV2ASU1 | Westfield SE MTN 19/32 0,0100 % UniCredit Bank AG HVB | EUR | 5.000.000 | 0 | 0 | % | 88,866 | 4.443.285,50 | 0,14 |
|  | MTN Hyp.-Pfe. S.2064 19/27 | EUR | 2.200.000 | 0 | 0 | % | 102,233 | 2.249.135,24 | 0,07 |
| XS1178970106 | 0,5000 % Unilever N.V. MTN 15/22 | EUR | 3.750.000 | 0 | 0 | % | 101,043 | 3.789.116,25 | 0,12 |
| XS1403014936 FR0013128584 | 0,5000 % Unilever N.V. MTN 16/24 0,6250 % Union Natle Interp. | EUR | 3.200.000 | 0 | 0 | % | 102,668 | 3.285.381,12 | 0,11 |
|  | Em.Com.Ind. MTN 16/26 | EUR | 11.000.000 | 0 | 0 | % | 104,916 | 11.540.736,90 | 0,37 |
| FR0013230943 | 0,6250 % Valéo S.A. MTN 17/23 | EUR | 3.700.000 | 0 | 0 | % | 97,006 | 3.589.216,08 | 0,12 |
| FR0013394681 | 0,8920 % Veolia Environnement S.A. MTN 19/24 | EUR | 3.100.000 | 0 | 0 | % | 102,158 | 3.166.891,80 | 0,10 |
| FR0013476595 XS1405766624 | 0,6640 % Veolia Environnement S.A. MTN 20/31 1,3750 % Verizon Communica- | EUR | 2.600.000 | 2.600.000 | 0 | % | 99,227 | 2.579.899,14 | 0,08 |
|  | tions Inc. Notes 16/28 | EUR | 6.000.000 | 0 | 0 | % | 105,470 | 6.328.216,20 | 0,20 |
| FR0013220399 | 1,1250 % Vivendi S.A. Bonds 16/23 | EUR | 7.500.000 | 0 | 0 | % | 102,188 | 7.664.111,25 | 0,25 |
| XS1074382893 | 2,1250 % Wells Fargo & Co. MTN 14/24 | EUR | 3.800.000 | 0 | 0 | % | 105,575 | 4.011.845,06 | 0,13 |
| XS1400169931 | 1,3750 % Wells Fargo & Co. MTN 16/26 | EUR | 3.850.000 | 0 | 0 | % | 103,287 | 3.976.542,57 | 0,13 |
| XS2056400299 | 0,6250 % Wells Fargo & Co. MTN 19/30 | EUR | 4.050.000 | 0 | 0 | % | 94,707 | 3.835.629,86 | 0,12 |
| XS2010039894 | 3,0000 % ZF Europe Finance B.V. Notes 19/29 | EUR | 3.000.000 | 0 | 0 | % | 89,991 | 2.699.716,50 | 0,09 |
| Sonstige Beteiligungswertpapiere |  |  |  |  |  |  | 15.887.979,04 | 0,51 |
| Schweiz |  |  |  |  |  |  | 15.887.979,04 | 0,51 |
| CH0010570767	Chocoladefabriken Lindt & |  |  |  |  |  |  |  |  |
| Sprüngli Inh.-Par.schein | STK | 2.212 | 528 | 260 | CHF | 7.675,000 | 15.887.979,04 | 0,51 |
| An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere |  |  |  |  |  | 91.039.743,03 | 2,96 |
| Verzinsliche Wertpapiere |  |  |  |  |  |  | 91.039.743,03 | 2,96 |
| EUR-Anleihen |  |  |  |  |  |  | 91.039.743,03 | 2,96 |
| XS1402941790	0,6250 % ABB Finance B.V. MTN 16/23 XS1117299484	1,0000 % Air Products & Che- | EUR | 5.300.000 | 0 | 0 | % | 101,331 | 5.370.525,51 | 0,17 |
| micals Inc. Notes 15/25 XS1379122101	1,5000 % América Móvil S.A.B. | EUR | 3.300.000 | 0 | 0 | % | 104,243 | 3.440.019,00 | 0,11 |
| de C.V. Notes 16/24 | EUR | 4.500.000 | 0 | 0 | % | 102,615 | 4.617.688,05 | 0,15 |
| XS2079716853	0,0000 % Apple Inc. Notes 19/25 | EUR | 2.350.000 | 0 | 0 | % | 100,084 | 2.351.974,00 | 0,08 |
| XS1527556192	1,6250 % ASML Holding N.V. Notes 16/27 | EUR | 1.700.000 | 0 | 0 | % | 108,963 | 1.852.376,95 | 0,06 |
| XS2010032378	0,2500 % ASML Holding N.V. Notes 20/30 | EUR | 2.150.000 | 2.150.000 | 0 | % | 96,753 | 2.080.198,32 | 0,07 |
| XS0993145084	2,6500 % AT & T Inc. Notes 13/21 | EUR | 5.900.000 | 0 | 0 | % | 102,870 | 6.069.327,64 | 0,20 |
| ES0413307119	0,8750 % BANKIA S.A. Cédulas Hipotec. 16/21 ES0000101651	1,8260 % Comunidad Autó- | EUR | 4.900.000 | 0 | 0 | % | 100,625 | 4.930.642,15 | 0,16 |
| noma de Madrid Obl. 15/25 XS2075185228	0,9000 % Harley Davidson Finl | EUR | 5.000.000 | 0 | 0 | % | 108,463 | 5.423.170,50 | 0,18 |
| Serv.Inc. Notes 19/24 | EUR | 1.000.000 | 0 | 0 | % | 94,092 | 940.922,20 | 0,03 |
| XS1531060025	0,5000 % Knorr-Bremse AG MTN 16/21 | EUR | 3.150.000 | 0 | 0 | % | 100,138 | 3.154.338,81 | 0,10 |
| XS1369322927	1,8750 % Mexiko MTN 16/22 XS2049630887	0,1180 % Mizuho Financial | EUR | 6.800.000 | 0 | 0 | % | 101,705 | 6.915.917,56 | 0,22 |
| Group Inc. MTN 19/24 XS2098350965	0,7970 % Mizuho Financial | EUR | 4.700.000 | 0 | 0 | % | 97,914 | 4.601.936,85 | 0,15 |
| Group Inc. MTN 20/30 | EUR | 4.500.000 | 4.500.000 | 0 | % | 98,008 | 4.410.376,65 | 0,14 |
| XS1061697568	1,7500 % PepsiCo Inc. MTN 14/21 | EUR | 6.000.000 | 0 | 0 | % | 101,059 | 6.063.510,00 | 0,20 |
| XS1360443979	0,2500 % Santander UK PLC MT Cov. Bds 16/21 | EUR | 5.150.000 | 0 | 0 | % | 100,596 | 5.180.718,21 | 0,17 |
| XS1395057430	1,1250 % Telstra Corp. Ltd. MTN 16/26 XS1250034276	2,1500 % Thermo Fisher Sci- | EUR | 7.000.000 | 0 | 0 | % | 104,677 | 7.327.404,00 | 0,24 |
| entific Inc. Notes 15/22 XS2114807691	0,0000 % Tyco Electronics | EUR | 6.500.000 | 0 | 0 | % | 103,422 | 6.722.426,10 | 0,22 |
| Group S.A. Notes 20/25 | EUR | 2.300.000 | 2.300.000 | 0 | % | 96,044 | 2.209.004,41 | 0,07 |
| XS1203856072	1,2500 % Yorkshire Building Society MTN 15/22 | EUR | 7.300.000 | 0 | 0 | % | 101,058 | 7.377.266,12 | 0,24 |
| Summe Wertpapiervermögen |  |  |  |  | EUR |  | 3.053.845.693,94 | 98,88 |

Vermögensaufstellung zum 30.06.2020
| ISIN | Gattungsbezeichnung | Markt	Stück bzw. | Bestand | Käufe/	Verkäufe/ | Kurs | Kurswert | % des |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  | Anteile bzw. Währung | 30.06.2020 | Zugänge	Abgänge im Berichtszeitraum |  | in EUR | Fondsver- mögens |

Bankguthaben, Geldmarktpapiere, Geldmarkt- und geldmarktnahe Fonds Bankguthaben
EUR-Guthaben bei der Verwahrstelle
State Street Bank International GmbH	EUR	
21.440.497,06	
%	100,000	21.440.497,06	0,69
Guthaben in sonstigen EU/EWR-Währungen
| State Street Bank International GmbH | DKK | 76.860,95 | % | 100,000 | 10.313,72 | 0,00 |
| --- | --- | --- | --- | --- | --- | --- |
| State Street Bank International GmbH | GBP | 85.144,79 | % | 100,000 | 93.181,71 | 0,00 |
| State Street Bank International GmbH | NOK | 757.282,40 | % | 100,000 | 69.321,23 | 0,00 |
| State Street Bank International GmbH | PLN | 13.686,32 | % | 100,000 | 3.067,65 | 0,00 |
| State Street Bank International GmbH | SEK | 2.997.961,22 | % | 100,000 | 285.826,36 | 0,01 |
| Guthaben in Nicht-EU/EWR-Währungen State Street Bank International GmbH | AUD | 2.341,25 | % | 100,000 | 1.430,73 | 0,00 |
| State Street Bank International GmbH | CHF | 441.491,46 | % | 100,000 | 413.168,74 | 0,01 |
| State Street Bank International GmbH | USD | 22.207,51 | % | 100,000 | 19.788,38 | 0,00 |

| Summe Bankguthaben |  | EUR | 22.336.595,58 | 0,71 |
| --- | --- | --- | --- | --- |
| Summe der Bankguthaben, Geldmarktpapiere, Geldmarkt- und geldmarktnahe Fonds  30) |  | EUR | 22.336.595,58 | 0,71 |
| Sonstige Vermögensgegenstände |  |  |  |  |
| Zinsansprüche	EUR | 10.993.297,74 |  | 10.993.297,74 | 0,36 |
| Dividendenansprüche	EUR | 385.914,98 |  | 385.914,98 | 0,01 |
| Forderungen aus Anteilscheingeschäften	EUR | 340.754,64 |  | 340.754,64 | 0,01 |
| Forderungen aus Quellensteuerrückerstattung	EUR | 4.975.336,51 |  | 4.975.336,51 | 0,16 |
| Summe Sonstige Vermögensgegenstände |  | EUR | 16.695.303,87 | 0,54 |
| Sonstige Verbindlichkeiten |  |  |  |  |
| Verbindlichkeiten aus Anteilscheingeschäften	EUR | -563.753,31 |  | -563.753,31 | -0,02 |
| Verbindlichkeiten aus Wertpapiergeschäften	EUR | -244.987,71 |  | -244.987,71 | -0,01 |
| Kostenabgrenzung	EUR | -3.051.039,03 |  | -3.051.039,03 | -0,10 |
| Summe Sonstige Verbindlichkeiten |  | EUR | -3.859.780,05 | -0,13 |
| Fondsvermögen |  | EUR | 3.089.017.813,34 | 100,00 |
| Summe der umlaufenden Anteile aller Anteilklassen |  | STK | 45.697.763 |  |

30) 
Im Bankguthaben können Cash Initial Margin enthalten sein.
| Kapital Plus A (EUR) |  |
| --- | --- |
| ISIN | DE0008476250 |
| Fondsvermögen | 2.987.710.838,00 |
| Umlaufende Anteile | 45.514.398,081 |
| Anteilwert | 65,64 |
| Kapital Plus I (EUR) |  |
| ISIN | DE0009797613 |
| Fondsvermögen | 66.869.046,12 |
| Umlaufende Anteile | 58.292,403 |
| Anteilwert | 1.147,13 |
| Kapital Plus Multi Asset 30 CT (EUR) |
| ISIN | DE000A2DU1Y2 |
| Fondsvermögen | 3.249.784,62 |
| Umlaufende Anteile | 32.620,647 |
| Anteilwert | 99,62 |
| Kapital Plus P (EUR) |  |
| ISIN | DE000A14N9U7 |
| Fondsvermögen | 7.554.353,31 |
| Umlaufende Anteile | 7.061,704 |
| Anteilwert | 1.069,76 |
| Kapital Plus P2 (EUR) |  |
| ISIN | DE0009797589 |
| Fondsvermögen | 16.189.911,51 |
| Umlaufende Anteile | 13.644,902 |
| Anteilwert | 1.186,52 |
| Kapital Plus R (EUR) |  |
| ISIN | DE000A2DU1L9 |
| Fondsvermögen | 7.443.879,78 |
| Umlaufende Anteile | 71.745,146 |
| Anteilwert | 103,75 |

Wertpapierkurse bzw. Marktsätze
Die Vermögensgegenstände des Sondervermögens sind auf der Grundlage nachstehender Kurse/Marktsätze bewertet:
Internationale Obligationen: Kurse per 29.06.2020 oder letztbekannte
Alle anderen Vermögenswerte: Kurse bzw. Marktsätze per 30.06.2020 oder letztbekannte
Ergänzende Anmerkung zur Bewertung
Die Bewertung erfolgt durch die Kapitalverwaltungsgesellschaft (KVG).
Aktien, Bezugsrechte, Börsennotierte Fonds (ETFs), Genussscheine, Rentenpapiere und börsengehandelte Derivate werden, sofern vorhanden, grundsätz- lich mit handelbaren Börsenkursen bewertet.
Rentenpapiere, für die keine handelbaren Börsenkurse vorliegen, werden mit validierten Kursstellungen von Brokern oder unter Einbeziehung der relevan- ten Marktinformationen im Rahmen von regelmäßig überprüften Modellen bewertet.
Genussscheine, für die keine handelbaren Börsenkurse vorliegen, werden mit dem Mittelwert von Bid- und Ask-Kurs bewertet.
Nicht börsengehandelte Derivate und Bezugsrechte werden unter Einbeziehung der relevanten Marktinformationen im Rahmen von regelmäßig über- prüften Modellen bewertet.
Investmentfondsanteile werden mit dem von der Investmentgesellschaft veröffentlichten Rücknahmepreis bewertet.
Bankguthaben und Sonstige Vermögensgegenstände werden zum Nennwert, Festgelder zum Verkehrswert und Verbindlichkeiten zum Rückzahlungsbe- trag bewertet.
Nicht notierte Aktien und Beteiligungen werden zu dem aktuellen Verkehrswert bewertet, der bei sorgfältiger Einschätzung nach geeigneten Bewertungs- modellen unter Berücksichtigung der aktuellen Marktgegebenheiten angemessen ist.
Die in diesem Halbjahresbericht ausgewiesenen Anlagen werden i.H.v. 98,88% des Fondsvermögens mit handelbaren Börsenkursen oder Marktpreisen und 0,00% zu abgeleiteten Verkehrswerten bzw. validierten Kursstellungen von Brokern bewertet. Die verbleibenden 1,12% des Fondsvermögens bestehen aus Sonstigen Vermögensgegenständen, Sonstigen Verbindlichkeiten sowie Barvermögen.
Devisenkurs(e) bzw. Konversionsfaktor(en) (in Mengennotiz) per 30.06.2020
| Großbritannien, Pfund | (GBP) | 1 Euro = GBP | 0,91375 |
| --- | --- | --- | --- |
| Dänemark, Kronen | (DKK) | 1 Euro = DKK | 7,45230 |
| Norwegen, Kronen | (NOK) | 1 Euro = NOK | 10,92425 |
| Schweden, Kronen | (SEK) | 1 Euro = SEK | 10,48875 |
| Schweiz, Franken | (CHF) | 1 Euro = CHF | 1,06855 |
| Polen, Zloty | (PLN) | 1 Euro = PLN | 4,46150 |
| USA, Dollar | (USD) | 1 Euro = USD | 1,12225 |
| Australien, Dollar | (AUD) | 1 Euro = AUD | 1,63640 |
| Kapitalmaßnahmen |  |  |  |

Alle Umsätze, die aus Kapitalmaßnahmen hervorgehen (technische Umsätze), werden als Zu- oder Abgang ausgewiesen.
Stimmrechtsausübung
Stimmrechte aus den im Fonds enthaltenen Aktien haben wir, soweit es im Interesse unserer Anleger geboten erschien, entweder selbst wahrgenommen oder durch Beauftragte nach unseren Weisungen ausüben lassen.
Zusätzliche Anhangangaben gemäß der Verordnung (EU) 2015/2365 betreffend Wertpapierfinanzierungsgeschäfte
Der betrachtete Fonds war während des Berichtszeitraums in keinerlei Wertpapierfinanzierungsgeschäfte nach Verordnung (EU) 2015/2365 investiert, weshalb im Folgenden kein Ausweis zu dieser Art von Geschäften gemacht wird.
Während des Berichtszeitraumes abgeschlossene Geschäfte, soweit sie nicht mehr in der Vermögensaufstellung erscheinen:
- Käufe und Verkäufe in Wertpapieren, Investmentanteilen und Schuldscheindarlehen (Marktzuordnung zum Berichtsstichtag):
| ISIN | Gattungsbezeichnung | Stück bzw. | Käufe/ | Verkäufe/ |
| --- | --- | --- | --- | --- |
|  |  | Anteile bzw. Währung | Zugänge | Abgänge |

Börsengehandelte Wertpapiere Aktien
Frankreich
| FR0000125346 | Ingenico Group S.A. Actions Port. | STK | 3.116 | 84.313 |
| --- | --- | --- | --- | --- |
| Irland |  |  |  |  |
| IE00BYTBXV33 | Ryanair Holdings PLC Reg.Shares | STK | 177.595 | 1.530.943 |
| Verzinsliche Wertpapiere EUR-Anleihen |
| XS0997342562 | 2,1250 % ABN AMRO Bank N.V. MTN 13/20 | EUR | 0 | 5.000.000 |
| XS1942708527 | 2,7500 % Argentum Netherlands B.V. FLR MT LPN Zürich 19/49 | EUR | 0 | 1.350.000 |
| XS1316567343 | 1,1250 % Autostrade per L‘Italia S.p.A. MTN S.1 15/21 | EUR | 0 | 5.400.000 |
| XS1346228577 | 3,3750 % AXA S.A. FLR MTN 16/47 | EUR | 0 | 3.000.000 |
| DE0001102374 | 0,5000 % Bundesrep.Deutschland Anl. 15/25 | EUR | 0 | 6.000.000 |
| XS1069521083 | 2,3750 % Credit Agricole S.A. (Ldn Br.) MTN 14/24 | EUR | 0 | 5.000.000 |
| XS1550135831 | 1,0000 % Credit Agricole S.A. (Ldn Br.) Preferred MTN 17/24 | EUR | 0 | 5.700.000 |
| XS1344745481 | 0,3750 % DNB Boligkreditt A.S. Mortg. Cov. MTN 16/21 | EUR | 0 | 4.350.000 |
| XS1379158550 | 1,7500 % Hammerson PLC Notes 16/23 | EUR | 0 | 2.400.000 |
| XS0599993622 | 6,0000 % Instituto de Credito Oficial MTN 11/21 | EUR | 0 | 10.000.000 |
| NL0010418810 | 1,7500 % Königreich Niederlande Anl. 13/23 | EUR | 0 | 18.900.000 |
| ES00000123K0 | 5,8500 % Königreich Spanien Bonos 11/22 | EUR | 0 | 60.000.000 |
| DE000NRW0E68 | 1,8750 % Land Nordrhein-Westfalen Landessch. R.1211 12/22 | EUR | 0 | 5.800.000 |
| DE000A13R9J7 | 0,0500 % LBBW-Förderbank MTN S.5556 16/21 | EUR | 0 | 6.000.000 |
| FR0013344751 | 0,0000 % Rep. Frankreich OAT 18/24 | EUR | 0 | 19.000.000 |
| IT0004695075 | 4,7500 % Republik Italien B.T.P. 11/21 | EUR | 0 | 80.900.000 |
| XS1324923520 | 0,7500 % Société Générale S.A. MTN 15/20 | EUR | 0 | 7.000.000 |
| XS1394777665 | 0,7500 % Telefonica Emisiones S.A.U. MTN 16/22 | EUR | 0 | 3.500.000 |
| XS1355483162 | 0,2500 % The Swedish Covered Bond Corp. MTN 16/21 | EUR | 0 | 5.150.000 |
| XS1342818470 | 0,3750 % The Toronto-Dominion Bank MT Cov. Bds 16/21 | EUR | 0 | 3.050.000 |
| XS1366786983 | 1,1250 % United Technologies Corp. Notes 16/21 | EUR | 0 | 7.500.000 |

An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere Verzinsliche Wertpapiere
EUR-Anleihen
XS0951216083	2,2500 % Oracle Corp. Notes 13/21	EUR	0	5.800.000
Nichtnotierte Wertpapiere Aktien
Irland
IE00B06H8J93	Irish Bank Resolution i.L. Reg.Shares	STK	0	602.002