# 48
Jan 03
Sep 03
Apr 04
Nov 04
Jun 05
Jan 06
Aug 06
Mar 07
Oct 07
Jun 08
Jan 09
Aug 09
Mar 10
Oct 10
May 11
Dec 11
Jul 12
Mar 13
Oct 13
May 14
Dec 14
Jul 15
Feb 16
Sep 16
May 17
Dec 17
Jul 18
Feb 19
Sep 19
Apr 20
Nov 20
Jun 21
90
Month-end data, source: DJE Investment S.A.

## COMPOSITION OF THE SUB-FUND’S NET ASSETS
as at 30 June 2021
Securities
(acquisition cost of securities: EUR 102,263,810.04)

## EUR
105,085,341.32
Cash at banks 
1	
16,016,645.58
Unrealised gains on forward foreign exchange contracts	701.30
Interest receivable	1,051,067.05
Subscriptions receivable	64,773.84
Receivables from securities transactions	481,298.22
122,699,827.31
Redemptions payable	-8,413.81
Unrealised losses on forward contracts	-18,428.68
Liabilities from securities transactions	-2,508,132.93 Other liabilities 
2		
-93,827.83
-2,628,803.25
Sub-fund’s net assets	120,071,024.06	
49

## ALLOCATION TO UNIT CLASSES
Unit class PA (EUR)
Pro rata sub-fund’s net assets	EUR 11,133,446.47 Units outstanding		78,497.535
Net asset value	EUR 141.83
Unit class I (EUR)
Pro rata sub-fund’s net assets	EUR 7,927,320.17 Units outstanding		42,660.350
Net asset value	EUR 185.82
Unit class XP (EUR)
Pro rata sub-fund’s net assets	EUR 101,010,257.42 Units outstanding		687,294.606
Net asset value	EUR 146.97
- | See Notes to the Financial Statements.
- | This item essentially comprises the management fee and taxe d’abonnement.


## STATEMENT OF INVESTMENTS AS AT 30 JUNE 2021
| ISIN | Securities | Purchases during the reporting period | Sales during the reporting period | Holding | Price | Market value EUR | % of net sub-fund assets  1 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| BONDS |  |  |  |  |  |  |  |  |
| Listed securities |  |  |  |  |  |  |  |  |
| CNH |  |  |  |  |  |  |  |  |
| HK0000200714 | 4.290% | China Reg.S. v.14(2029) | 9,000,000 | 0 | 9,000,000 | 110.7190 | 1,294,807.62 | 1.08 |
|  |  |  |  |  |  |  | 1,294,807.62 | 1.08 |
| EUR |  |  |  |  |  |  |  |  |
| XS1721410725 | 4.750% | AT & S Austria Technologie & Systemtechnik AG Fix-to-Float Perp. | 0 | 0 | 600,000 | 103.4500 | 620,700.00 | 0.52 |
| XS1695284114 | 4.250% | BayWa AG Reg.S. Fix-to-Float Perp. | 0 | 0 | 1,000,000 | 102.8200 | 1,028,200.00 | 0.86 |
| XS1222591023 | 3.000% | Bertelsmann SE & Co. KGaA Reg.S. Fix-to-Float v.15(2075) | 0 | 0 | 400,000 | 103.5000 | 414,000.00 | 0.34 |
| DE000A2GSCV5 | 3.250% | DIC Asset AG Reg.S. v.17(2022) | 0 | 325,000 | 975,000 | 100.7810 | 982,614.75 | 0.82 |
| XS2296203123 | 3.750% | Dte. Lufthansa AG EMTN Reg.S. v.21(2028) | 2,200,000 | 0 | 2,200,000 | 104.0000 | 2,288,000.00 | 1.91 |
| XS2296201424 | 2.875% | Dte. Lufthansa AG Reg.S. v.21(2025) | 2,200,000 | 200,000 | 2,000,000 | 102.1250 | 2,042,500.00 | 1.70 |
| XS2079388828 | 2.000% | Dufry One BV Reg.S. v.19(2027) | 0 | 0 | 500,000 | 94.3750 | 471,875.00 | 0.39 |
| XS2333564503 | 3.375% | Dufry One BV Reg.S. v.21(2028) | 300,000 | 0 | 300,000 | 99.3750 | 298,125.00 | 0.25 |
| XS2035564975 | 1.125% | EnBW Energie Baden-Württemberg AG Reg.S. Fix-to-Float Green Bond v.19(2079) | 0 | 0 | 300,000 | 100.5000 | 301,500.00 | 0.25 |
| DE000A2GSFF1 | 2.125% | Evonik Industries AG Reg.S. Fix-to-Float v.17(2077) | 0 | 0 | 450,000 | 101.7000 | 457,650.00 | 0.38 |
| XS1910851242 | 1.500% | Grenke Finance Plc. EMTN Reg.S. v.18(2023) | 0 | 0 | 600,000 | 97.2930 | 583,758.00 | 0.49 |
| XS2078696866 | 0.625% | Grenke Finance Plc. EMTN Reg.S. v.19(2025) | 0 | 0 | 800,000 | 91.3800 | 731,040.00 | 0.61 |
| XS1640858723 | 0.695% | Grenke Finance Plc. EMTN v.17(2021) | 0 | 0 | 300,000 | 99.1000 | 297,300.00 | 0.25 |
| XS1432493440 | 3.750% | Indonesia Reg.S. v.16(2028) | 0 | 0 | 400,000 | 118.6250 | 474,500.00 | 0.40 |
| XS1647481206 | 2.150% | Indonesia Reg.S. v.17(2024) | 0 | 0 | 1,200,000 | 105.8750 | 1,270,500.00 | 1.06 |
| IT0005340929 | 2.800% | Italy Reg.S. v.18(2028) | 0 | 2,300,000 | 2,450,000 | 116.4590 | 2,853,245.50 | 2.38 |
| IT0005365165 | 3.000% | Italy Reg.S. v.19(2029) | 0 | 4,100,000 | 4,100,000 | 118.7500 | 4,868,750.00 | 4.05 |
| IT0001278511 | 5.250% | Italy Reg.S. v.98(2029) | 0 | 1,100,000 | 1,100,000 | 137.4963 | 1,512,459.30 | 1.26 |
| XS2232027727 | 1.625% | KION GROUP AG EMTN Reg.S. v.20(2025) | 0 | 0 | 200,000 | 103.8750 | 207,750.00 | 0.17 |

Translation (ENDE, 2021-06-30):
# 48
Jan 03
Sep 03
Apr 04
Nov 04
Jun 05
Jan 06
Aug 06
Mär 07
Okt 07
Jun 08
Jan 09
Aug 09
Mär 10
Okt 10
Mai 11
Dez 11
Jul 12
Mär 13
Okt 13
Mai 14
Dez 14
Jul 15
Feb 16
Sep 16
Mai 17
Dez 17
Jul 18
Feb 19
Sep 19
Apr 20
Nov 20
Jun 21
90
Monatsenddaten, Quelle: DJE Investment S.A.

## ZUSAMMENSETZUNG DES NETTO-TEILFONDSVERMÖGENS
zum 30. Juni 2021

## EUR
Wertpapiervermögen
(Wertpapiereinstandskosten: EUR 102.263.810,04)
105.085.341,32
Bankguthaben 
1	
16.016.645,58
Nicht realisierte Gewinne aus Devisentermingeschäften		701,30 Zinsforderungen	1.051.067,05
Forderungen aus Absatz von Anteilen	64.773,84
Forderungen aus Wertpapiergeschäften	481.298,22
122.699.827,31
Verbindlichkeiten aus Rücknahmen von Anteilen	-8.413,81
Nicht realisierte Verluste aus Terminkontrakten	-18.428,68
Verbindlichkeiten aus Wertpapiergeschäften	-2.508.132,93 Sonstige Passiva 
2		
-93.827,83
-2.628.803,25
Netto-Teilfondsvermögen	120.071.024,06	
49

## ZURECHNUNG AUF DIE ANTEILKLASSEN
Anteilklasse PA (EUR)
Anteiliges Netto-Teilfondsvermögen	11.133.446,47 EUR Umlaufende Anteile		78.497,535
Anteilwert	141,83 EUR
Anteilklasse I (EUR)
Anteiliges Netto-Teilfondsvermögen	7.927.320,17 EUR Umlaufende Anteile		42.660,350
Anteilwert	185,82 EUR
Anteilklasse XP (EUR)
Anteiliges Netto-Teilfondsvermögen	101.010.257,42 EUR Umlaufende Anteile		687.294,606
Anteilwert	146,97 EUR
- | Siehe Erläuterungen zum Bericht.
- | Diese Position setzt sich im Wesentlichen zusammen aus Verwaltungsvergütung und Taxe d’Abonnement.


## VERMÖGENSAUFSTELLUNG ZUM 30. JUNI 2021
| ISIN | Wertpapiere | Zugänge im | Abgänge im | Bestand | Kurs | Kurswert | %-Anteil |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  | Berichtszeitraum | Berichtszeitraum |  |  | EUR | vom NTFV  1 |

ANLEIHEN
| CNH |  |
| --- | --- |
| HK0000200714 | 4,290 % | China Reg.S. v.14(2029) | 9.000.000 | 0 | 9.000.000 | 110,7190 | 1.294.807,62 | 1,08 |
|  |  |  |  |  |  |  | 1.294.807,62 | 1,08 |
| EUR |  |  |  |  |  |  |  |  |
| XS1721410725 | 4,750 % | AT & S Austria Technologie & Systemtechnik AG Fix-to-Float Perp. | 0 | 0 | 600.000 | 103,4500 | 620.700,00 | 0,52 |
| XS1695284114 | 4,250 % | BayWa AG Reg.S. Fix-to-Float Perp. | 0 | 0 | 1.000.000 | 102,8200 | 1.028.200,00 | 0,86 |
| XS1222591023 | 3,000 % | Bertelsmann SE & Co. KGaA Reg.S. Fix-to-Float v.15(2075) | 0 | 0 | 400.000 | 103,5000 | 414.000,00 | 0,34 |
| DE000A2GSCV5 | 3,250 % | DIC Asset AG Reg.S. v.17(2022) | 0 | 325.000 | 975.000 | 100,7810 | 982.614,75 | 0,82 |
| XS2296203123 | 3,750 % | Dte. Lufthansa AG EMTN Reg.S. v.21(2028) | 2.200.000 | 0 | 2.200.000 | 104,0000 | 2.288.000,00 | 1,91 |
| XS2296201424 | 2,875 % | Dte. Lufthansa AG Reg.S. v.21(2025) | 2.200.000 | 200.000 | 2.000.000 | 102,1250 | 2.042.500,00 | 1,70 |
| XS2079388828 | 2,000 % | Dufry One BV Reg.S. v.19(2027) | 0 | 0 | 500.000 | 94,3750 | 471.875,00 | 0,39 |
| XS2333564503 | 3,375 % | Dufry One BV Reg.S. v.21(2028) | 300.000 | 0 | 300.000 | 99,3750 | 298.125,00 | 0,25 |
| XS2035564975 | 1,125 % | EnBW Energie Baden-Württemberg AG Reg.S. Fix-to-Float Green Bond v.19(2079) | 0 | 0 | 300.000 | 100,5000 | 301.500,00 | 0,25 |
| DE000A2GSFF1 | 2,125 % | Evonik Industries AG Reg.S. Fix-to-Float v.17(2077) | 0 | 0 | 450.000 | 101,7000 | 457.650,00 | 0,38 |
| XS1910851242 | 1,500 % | Grenke Finance Plc. EMTN Reg.S. v.18(2023) | 0 | 0 | 600.000 | 97,2930 | 583.758,00 | 0,49 |
| XS2078696866 | 0,625 % | Grenke Finance Plc. EMTN Reg.S. v.19(2025) | 0 | 0 | 800.000 | 91,3800 | 731.040,00 | 0,61 |
| XS1640858723 | 0,695 % | Grenke Finance Plc. EMTN v.17(2021) | 0 | 0 | 300.000 | 99,1000 | 297.300,00 | 0,25 |
| XS1432493440 | 3,750 % | Indonesien Reg.S. v.16(2028) | 0 | 0 | 400.000 | 118,6250 | 474.500,00 | 0,40 |
| XS1647481206 | 2,150 % | Indonesien Reg.S. v.17(2024) | 0 | 0 | 1.200.000 | 105,8750 | 1.270.500,00 | 1,06 |
| IT0005340929 | 2,800 % | Italien Reg.S. v.18(2028) | 0 | 2.300.000 | 2.450.000 | 116,4590 | 2.853.245,50 | 2,38 |
| IT0005365165 | 3,000 % | Italien Reg.S. v.19(2029) | 0 | 4.100.000 | 4.100.000 | 118,7500 | 4.868.750,00 | 4,05 |
| IT0001278511 | 5,250 % | Italien Reg.S. v.98(2029) | 0 | 1.100.000 | 1.100.000 | 137,4963 | 1.512.459,30 | 1,26 |
| XS2232027727 | 1,625 % | KION GROUP AG EMTN Reg.S. v.20(2025) | 0 | 0 | 200.000 | 103,8750 | 207.750,00 | 0,17 |

Börsengehandelte Wertpapiere