# Putnam Ultra Short Duration Income Fund
For the six months ended 31 December 2021, the Fund’s unit classes posted mixed returns and modestly trailed the benchmark, the ICE BofA U.S. Treasury Bill Index.
For the period, commercial paper was the largest contributor to the Fund’s relative performance. We maintained a balance of short-maturity commercial paper for liquidity. Commercial paper (CP) yields remained low. However, if interest rates continue to rise, we will be able to reinvest maturing CP at higher rates. Additionally, the Fund’s allocation to securitised sectors, including non-agency residential mortgage-backed securities and asset-backed securities, marginally contributed. The team continues to focus the portfolio’s allocation in these areas on highly rated securities that are senior in the capital structure, which we believe provide diversification benefits, combined with the Fund’s holdings of corporate bonds.
On the downside, the Fund’s allocation to corporate credit,
Throughout 2021 we shortened the Fund’s duration. As of 31 December, duration was 0.26 years, down 0.12 years from where it began the year. Additionally, we continue to structure the portfolio to emphasise a combination of lower-tier investment- grade securities (BBB or equivalent) generally maturing in one year or less, and upper-tier investment-grade securities (A or AA rated) generally maturing in a range of 1 to 3.5 years.
Given the stretched valuations of short-term corporate credit, we have been judicious in adding incremental risk to the portfolio. Capital preservation remains the Fund’s primary objective. We do not try to “reach for yield” in the strategy, even in a challenging environment for yield generation.
The Fund’s benchmark, the ICE BofA U.S. Treasury Bill Index, gained 0.02% in U.S. dollar terms. See page 8 for ICE BofA benchmark disclosure.
For the period ended 31 December 2021, the Fund generated the following returns by unit class.
| 6 months | (0.19) | (0.19) | (0.07) | 0.00 |
| --- | --- | --- | --- | --- |
| 1 year | (0.26) | (0.28) | 0.07 | 0.00 |
| 5 years |
| Cumulative | 6.07 | 6.01 | 7.60 | 7.45 |
| Annualised | 1.19 | 1.17 | 1.47 | 1.45 |
| Life of Fund (since 20/12/16)* |
| Cumulative | 5.98 | 5.91 | 7.51 | 7.36 |
| Annualised | 1.16 | 1.15 | 1.45 | 1.42 |

particularly in the financials sector, detracted from relative performance. Spreads on investment-grade bonds with maturities ranging from 1 to 3 years widened from historically tight levels during the period. (Spreads are the yield advantage bonds carrying credit risk offer over comparable-maturity U.S. Treasuries. Bond prices rise as yield spreads tighten and decline as spreads widen.) In total, 1–3 year spreads widened by 11 basis points, which negatively impacted our corporate bond positions. Avoidance of U.S. Treasuries detracted from relative results returns as well, albeit marginally.
Looking ahead, yield expectations have improved meaningfully
Unit value
Class A NAV%
Class A2 NAV%
Class I NAV%
Class I2 NAV%
during the past few months, with investors now pricing in multiple interest-rate increases from the U.S. Federal Reserve in 2022. At the Fed’s December meeting, there was discussion of hiking the federal funds rate earlier and faster than previously anticipated. The market took note, as yields on 2- and 3-year Treasury notes reached their highest levels of 2021 in December and continued to rise during the early weeks of the new year. Additionally, short-term corporate credit spreads – as measured by the Bloomberg U.S. 1-3 Year Corporate Bond Index – widened modestly during the fourth quarter of 2021 after reaching an all- time tight level at the end of the third quarter.
Against this backdrop, we have positioned the Fund to take advantage of higher interest rates. Specifically, we increased the Fund’s allocation to securities with a floating-rate coupon tied to either LIBOR (London interbank offered rate) or SOFR (Secured Overnight Funding Rate). These securities’ coupons reset on a daily, 1-month or 3-month basis to reflect current short-term rates and have minimal interest-rate sensitivity. In a rising-rate environment, this strategy can help the Fund participate in increasing yields, without experiencing the negative price effects of longer-maturity fixed-rate securities.
* With the exception of Class A2 Units and Class I2 Units which launched on 28 June 2017. Returns shown for Class A2 and Class I2 Units for the period prior to their inception are derived from the historical performance of the Class A and I Units, respectively.
Distributions	Number   Income Capital gain	Total
| Class A | 6 | $0.0012 | - | $0.0012 |
| --- | --- | --- | --- | --- |
| Class A2 | - | - | - | - |
| Class I | 6 | $0.0128 | - | $0.0128 |
| Class I2 | - | - | - | - |

The views expressed here are exclusively those of Putnam as of 31 December 2021. They are not meant as investment advice. Expectations about future market performance are subject to change.
The TER for each of the Funds for the financial period from 1 July 2021 to 31 December 2021 is presented below:
| Unit Classes | Putnam European High Yield Fund | Putnam Fixed Income Global Alpha Fund | Putnam Global High Yield Bond Fund | Putnam Global Technology Fund*** | Putnam Multi- Asset Absolute Return Fund | Putnam Securitised Credit Fund | Putnam Total Return Fund** | Putnam U.S. Large Cap Growth Fund | Putnam Ultra Short Duration Income Fund |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| A | - | - | 1.81% | 1.75% | - | - | 1.80% | 1.99% | 0.60% |
| A2 | - | - | - | 1.75% | - | - | - | - | 0.60% |
| B | - | - | 2.31% | - | - | - | 2.30% | - | - |
| C | - | - | 2.20% | - | - | - | 2.05% | - | - |
| E | 1.24% | 0.70% | 0.96% | 0.60% | - | 0.66% | 1.05% | 1.04% | - |
| E2 | - | - | 0.35% | 0.60% | 1.05% | 0.65% | - | - | - |
| I | - | - | 0.95% | 0.60% | 1.05% | 0.47% | 1.05% | 1.04% | 0.35% |
| I2 | - | - | - | 0.60% | - | - | - | - | 0.35% |
| I3 | - | - | - | 1.00% | - | - | - | - | - |
| I4 | - | - | - | 1.00% | - | - | - | - | - |
| M | - | - | - | - | - | - | 1.80% | - | - |
| S | - | 0.70% | 0.96% | 0.60% | 1.05% | 0.67% | - | - | - |
| S2 | - | - | 0.35% | 0.60% | - | - | - | - | - |
| S3 | - | - | 0.96% | - | - | - | - | - | - |

* The TER is calculated as the total operating expenses for each Unit Class of each Fund in the functional currency of the Fund as a percentage of the average net assets of the Fund for the period in question. Average net assets are calculated using figures based on the Fund’s net assets at each calculation of the Net Asset Value. All Funds are valued on a daily basis.
TERs are annualised for 12 months.
** Class E Units of Putnam Total Return Fund fully redeemed on 23 November 2021.
*** Putnam Global Technology Fund launched on 30 November 2021.
Schedule of Investments 31 December 2021
| NON-U.S. CORPORATE BONDS AND NOTES (88.83%) (30 June 2021: 87.51%) |  |
| --- | --- |
| Principal | Coupon | Maturity | Value | % of |
| Amount | Rate | Dates | EUR | Fund |
| Advertising (0.57%) EUR 90,105 Summer BC Holdco A Sarl (Luxembourg)	9.25 | 31/10/2027 | EUR 97,015 | 0.57 |
|  |  | 97,015 | 0.57 |
| Auto Parts and Equipment (3.59%) 100,000 Clarios Global LP (International) | 4.38 | 15/05/2026 | 102,375 | 0.60 |
| 320,000 Gestamp Automocion SA (Spain) | 3.25 | 30/04/2026 | 322,006 | 1.87 |
| 100,000 Grupo Antolin-Irausa SA (Spain) | 3.38 | 30/04/2026 | 96,969 | 0.57 |
| 100,000 Grupo Antolin-Irausa SA (Spain) | 3.50 | 30/04/2028 | 93,890 | 0.55 |
|  |  |  | 615,240 | 3.59 |
| Automotive (1.27%) 200,000 Volkswagen International Finance NV (Netherlands) | 3.88 | 31/12/2099 | 217,000 | 1.27 |
|  |  |  | 217,000 | 1.27 |
| Banking (12.55%) 100,000 Banca Monte dei Paschi di Siena SpA (Italy) | 1.88 | 09/01/2026 | 97,301 | 0.57 |
| 100,000 Banca Monte dei Paschi di Siena SpA (Italy) | 5.38 | 18/01/2028 | 78,375 | 0.46 |
| 200,000 Banco Santander SA (Spain) | 6.75 | 31/12/2099 | 204,066 | 1.19 |
| 215,000 BNP Paribas SA (France) | 6.13 | 29/12/2049 | 220,375 | 1.29 |
| USD 200,000 BNP Paribas SA (France) | 4.50 | 31/12/2099 | 174,616 | 1.02 |
| EUR 200,000 Commerzbank AG (Germany) | 4.25 | 31/12/2099 | 198,634 | 1.16 |
| USD 200,000 Credit Suisse Group AG (Switzerland) | 6.38 | 31/12/2099 | 189,284 | 1.11 |
| 200,000 Deutsche Bank AG (Germany) | 6.00 | 31/12/2099 | 182,477 | 1.07 |
| 200,000 ING Groep NV (Netherlands) | 5.75 | 31/12/2099 | 189,065 | 1.10 |
| EUR 267,875 Stichting AK Rabobank Certificaten (Netherlands) | 6.50 | 29/12/2049 | 367,993 | 2.14 |
| USD 260,000 UBS Group AG (Switzerland) | 7.00 | 31/12/2099 | 246,241 | 1.44 |
|  |  |  | 2,148,427 | 12.55 |
| Beverages (0.99%) |  |  |  |  |
| EUR 165,000 Sunshine Mid BV (Netherlands)	6.50 | 15/05/2026 | 169,186 | 0.99 |
|  |  | 169,186 | 0.99 |
| Chemicals (3.04%) 165,000 Herens Midco Sarl (Luxembourg) | 5.25 | 15/05/2029 | 155,828 | 0.92 |
| 150,000 INEOS Quattro Finance 1 PLC (United Kingdom) | 3.75 | 15/07/2026 | 150,630 | 0.88 |
| 100,000 Lune Holdings Sarl (Luxembourg) | 5.63 | 15/11/2028 | 99,926 | 0.58 |
| 115,000 Nobian Finance BV (Netherlands) | 3.63 | 15/07/2026 | 113,645 | 0.66 |
|  |  |  | 520,029 | 3.04 |
| Commercial Services (11.87%) 100,000 Allied Universal Holdco LLC (International) | 3.63 | 01/06/2028 | 97,750 | 0.57 |
| 450,000 La Financiere Atalian SASU (France) | 4.00 | 15/05/2024 | 441,266 | 2.58 |
| 100,000 La Financiere Atalian SASU (France) | 5.13 | 15/05/2025 | 99,059 | 0.58 |
| 100,000 Loxam SAS (France) | 2.88 | 15/04/2026 | 99,043 | 0.58 |
| 245,000 Loxam SAS (France) | 3.75 | 15/07/2026 | 248,178 | 1.45 |
| 294,531 Techem Verwaltungsgesellschaft 674 mbH (Germany) | 6.00 | 30/07/2026 | 302,796 | 1.77 |
| 240,000 Techem Verwaltungsgesellschaft 675 mbH (Germany) | 2.00 | 15/07/2025 | 237,212 | 1.39 |
| 500,000 Verisure Midholding AB (Sweden) | 5.25 | 15/02/2029 | 507,179 | 2.95 |
|  |  |  | 2,032,483 | 11.87 |
| Electric Utilities (1.93%) 200,000 Electricite de France SA (France) | 5.38 | 29/01/2049 | 219,250 | 1.28 |
| 100,000 Electricite de France SA (France) | 5.00 | 31/12/2099 | 110,500 | 0.65 |
|  |  |  | 329,750 | 1.93 |
| Entertainment (1.16%) 100,000 Banijay Group SAS (France) | 6.50 | 01/03/2026 | 103,838 | 0.60 |
| 100,000 Motion Bondco DAC (Ireland) | 4.50 | 15/11/2027 | 95,278 | 0.56 |
|  |  |  | 199,116 | 1.16 |

| NON-U.S. CORPORATE BONDS AND NOTES (88.83%) (30 June 2021: 87.51%)  cont. |  |  |  |  |
| --- | --- | --- | --- | --- |
| Principal | Coupon | Maturity | Value | % of |
| Amount | Rate | Dates | EUR | Fund |
| Environmental Control (0.59%) EUR 100,000 Paprec Holding SA (France)	3.50 | 01/07/2028 | EUR 101,460 | 0.59 |
|  |  | 101,460 | 0.59 |
| Food (4.74%) 200,000 Casino Guichard Perrachon SA (France) | 3.58 | 07/02/2025 | 192,534 | 1.12 |
| 100,000 Casino Guichard Perrachon SA (France) | 6.63 | 15/01/2026 | 100,958 | 0.59 |
| 100,000 Casino Guichard Perrachon SA (France) | 5.25 | 15/04/2027 | 94,644 | 0.55 |
| GBP 175,000 Iceland Bondco PLC (United Kingdom) | 4.63 | 15/03/2025 | 195,312 | 1.14 |
| EUR 135,000 Picard Groupe SAS (France) | 3.88 | 01/07/2026 | 136,497 | 0.80 |
| 100,000 Sigma Holdco BV (Netherlands) | 5.75 | 15/05/2026 | 92,063 | 0.54 |
|  |  |  | 812,008 | 4.74 |
| Health-Care Services (6.13%) 270,000 Chrome Bidco SASU (France) | 3.50 | 31/05/2028 | 272,606 | 1.59 |
| 195,000 Chrome Holdco SASU (France) | 5.00 | 31/05/2029 | 195,846 | 1.14 |
| 325,000 Laboratoire Eimer Selas (France) | 5.00 | 01/02/2029 | 328,749 | 1.92 |
| 250,000 Unilabs Subholding AB (Sweden) | 5.75 | 15/05/2025 | 252,543 | 1.48 |
|  |  |  | 1,049,744 | 6.13 |
| Home Builders (0.70%) |  |  |  |  |
| GBP 100,000 Miller Homes Group Holdings PLC (United Kingdom)	5.50 | 15/10/2024 | 120,272 | 0.70 |
|  |  | 120,272 | 0.70 |
| Investment Companies (0.55%) |  |  |  |  |
| EUR 90,000 Vertical Holdco GmbH (International)	6.63 | 15/07/2028 | 94,742 | 0.55 |
|  |  | 94,742 | 0.55 |
| Leisure Time (0.60%) 100,000 Pinnacle Bidco PLC (United Kingdom) | 5.50 | 15/02/2025 | 102,250 | 0.60 |
|  |  |  | 102,250 | 0.60 |
| Media (7.35%) 100,000 Altice Finco SA (Luxembourg) | 4.75 | 15/01/2028 | 94,911 | 0.55 |
| 125,000 Tele Columbus AG (Germany) | 3.88 | 02/05/2025 | 123,064 | 0.72 |
| 100,000 Telenet Finance Luxembourg Notes Sarl (Luxembourg) | 3.50 | 01/03/2028 | 102,337 | 0.60 |
| 100,000 Virgin Media Finance PLC (United Kingdom) | 3.75 | 15/07/2030 | 99,747 | 0.58 |
| GBP 100,000 Virgin Media Secured Finance PLC (United Kingdom) | 5.25 | 15/05/2029 | 123,819 | 0.72 |
| 145,000 Virgin Media Secured Finance PLC (United Kingdom) | 4.13 | 15/08/2030 | 169,677 | 0.99 |
| EUR 125,000 VZ Vendor Financing II BV (Netherlands) | 2.88 | 15/01/2029 | 120,675 | 0.70 |
| 435,000 Ziggo Bond Company BV (Netherlands) | 3.38 | 28/02/2030 | 423,843 | 2.49 |
|  |  |  | 1,258,073 | 7.35 |
| Mining (1.59%) |  |  |  |  |
| 275,000 Constellium SE (France)	3.13 | 15/07/2029 | 272,173 | 1.59 |
|  |  | 272,173 | 1.59 |
| Packaging and Containers (5.41%) 360,000 ARD Finance SA (Luxembourg) | 5.00 | 30/06/2027 | 369,082 | 2.16 |
| 125,000 Ardagh Metal Packaging Finance USA LLC (International) | 2.00 | 01/09/2028 | 123,549 | 0.72 |
| 100,000 Ardagh Metal Packaging Finance USA LLC (International) | 3.00 | 01/09/2029 | 97,884 | 0.57 |
| 135,000 Canpack SA (International) | 2.38 | 01/11/2027 | 135,497 | 0.79 |
| 100,000 Kleopatra Holdings 2 SCA (Luxembourg) | 6.50 | 01/09/2026 | 91,188 | 0.53 |
| 110,000 Titan Holdings II BV (Netherlands) | 5.13 | 15/07/2029 | 109,126 | 0.64 |
|  |  |  | 926,326 | 5.41 |
| Pharmaceuticals (2.51%) |  |  |  |  |
| 435,000 Teva Pharmaceutical Finance Netherlands II BV (Netherlands)	4.38 | 09/05/2030 | 429,302 | 2.51 |
|  |  | 429,302 | 2.51 |

Schedule of Investments 
cont.
31 December 2021
NON-U.S. CORPORATE BONDS AND NOTES (88.83%) (30 June 2021: 87.51%) 
cont.
| Principal Amount | Coupon Rate | Maturity Dates | Value EUR | % of Fund |
| --- | --- | --- | --- | --- |
| Real Estate (5.57%) EUR 100,000 ADLER Group SA (Luxembourg) | 1.50 | 26/07/2024 | EUR 87,313 | 0.51 |
| 130,000 Aedas Homes Opco SLU (Spain) | 4.00 | 15/08/2026 | 133,873 | 0.78 |
| 100,000 Foncia Management SASU (France) | 3.38 | 31/03/2028 | 98,119 | 0.57 |
| GBP 305,000 Iron Mountain UK PLC (United Kingdom) | 3.88 | 15/11/2025 | 363,912 | 2.13 |
| EUR 125,000 Neinor Homes SA (Spain) | 4.50 | 15/10/2026 | 126,850 | 0.74 |
| 140,000 Via Celere Desarrollos Inmobiliarios SA (Spain)	5.25 | 01/04/2026 | 143,966 | 0.84 |
|  |  | 954,033 | 5.57 |
| Retail (1.19%) 100,000 Dufry One BV (Netherlands) | 3.38 | 15/04/2028 | 96,789 | 0.57 |
| 100,000 Mobilux Finance SAS (France) | 4.25 | 15/07/2028 | 99,461 | 0.57 |
| GBP 225,000 Phosphorus Holdco PLC (United Kingdom)	1.00 | 01/04/2022 | 8,025 | 0.05 |
|  |  | 204,275 | 1.19 |
| Software (1.53%) |  |  |  |  |
| EUR 265,000 Brunello Bidco SpA (Italy)	3.50 | 15/02/2028 | 262,133 | 1.53 |
|  |  | 262,133 | 1.53 |
| Telecommunications (10.56%) 300,000 Altice France Holding SA (Luxembourg) | 8.00 | 15/05/2027 | 316,869 | 1.85 |
| 120,000 Altice France SA (France) | 3.38 | 15/01/2028 | 116,644 | 0.68 |
| 100,000 eircom Finance DAC (Ireland) | 3.50 | 15/05/2026 | 101,330 | 0.59 |
| 115,000 Lorca Telecom Bondco SA (Spain) | 4.00 | 18/09/2027 | 116,991 | 0.68 |
| 155,000 Matterhorn Telecom SA (Luxembourg) | 4.00 | 15/11/2027 | 158,036 | 0.92 |
| 145,000 Telecom Italia SpA (Italy) | 3.63 | 19/01/2024 | 150,381 | 0.88 |
| 400,000 Telefonica Europe BV (Netherlands) | 5.88 | 31/03/2049 | 438,500 | 2.56 |
| 100,000 Telefonica Europe BV (Netherlands) | 2.88 | 31/12/2099 | 99,375 | 0.59 |
| GBP 120,000 Vmed O2 UK Financing I PLC (United Kingdom) | 4.50 | 15/07/2031 | 142,399 | 0.83 |
| EUR 165,000 WP/AP Telecom Holdings III BV (Netherlands) | 5.50 | 15/01/2030 | 167,740 | 0.98 |
|  |  |  | 1,808,265 | 10.56 |
| Transportation (2.84%) 440,000 CMA CGM SA (France) | 7.50 | 15/01/2026 | 484,122 | 2.84 |
|  |  |  | 484,122 | 2.84 |
| Total Non-U.S. Corporate Bonds and Notes |  |  | EUR 15,207,424 | 88.83 |
| U.S. CORPORATE BONDS AND NOTES (6.17%) (30 June 2021: 6.74%) |  |  |  |  |
| Principal | Coupon | Maturity | Value | % of |
| Amount | Rate | Dates | EUR | Fund |
| Chemicals (1.18%) EUR 100,000 Chemours Company | 4.00 | 15/05/2026 | EUR 101,102 | 0.59 |
| 100,000 SCIL IV LLC | 4.38 | 01/11/2026 | 101,729 | 0.59 |
|  |  |  | 202,831 | 1.18 |
| Electrical Components & Equipment (0.59%) |  |  |  |  |
| 100,000 Belden Incorporated	4.13 | 15/10/2026 | 101,813 | 0.59 |

101,813	0.59
Entertainment (0.59%)
100,000 Scientific Games International Incorporated	3.38	15/02/2026	100,782	0.59
100,782	0.59
Health-Care Services (0.59%)
100,000 IQVIA Incorporated	2.25	15/01/2028	100,521	0.59
100,521	0.59
U.S. CORPORATE BONDS AND NOTES (6.17%) (30 June 2021: 6.74%) 
cont.
Principal
Coupon
Maturity
Value
% of
| Amount | Rate | Dates | EUR | Fund |
| --- | --- | --- | --- | --- |
| Internet (1.43%) EUR 100,000 Netflix Incorporated | 3.63 | 15/05/2027 | EUR 114,682 | 0.67 |
| 105,000 Netflix Incorporated | 4.63 | 15/05/2029 | 130,890 | 0.76 |
|  |  |  | 245,572 | 1.43 |
| Packaging and Containers (1.17%) |  |  |  |  |
| 200,000 Mauser Packaging Solutions Holding Company	4.75 | 15/04/2024 | 199,532 | 1.17 |
|  |  | 199,532 | 1.17 |
| Software (0.62%) |  |  |  |  |
| 100,000 Boxer Parent Company Incorporated	6.50 | 02/10/2025 | 104,994 | 0.62 |
|  |  | 104,994 | 0.62 |

Total U.S. Corporate Bonds and Notes	EUR 1,056,045	6.17
Total Value of Investments excluding financial derivative instruments	EUR 16,263,469	95.00
FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS (-0.05%) (30 June 2021: -0.18%)
| Counterparty | Currency | Contract type* | Delivery date | Value EUR | Aggregate face value EUR | Unrealised Appreciation/ (Depreciation) EUR | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Barclays Bank PLC | British Pound | Sell | 16/03/2022 | EUR 188,709 | EUR 186,576 | EUR (2,133) | (0.01) |
| Citibank, N.A. | British Pound | Sell | 16/03/2022 | 735,017 | 726,633 | (8,384) | (0.05) |
| Goldman Sachs International US Dollar | Sell | 16/03/2022 | 902,671 | 905,586 | 2,915 | 0.02 |
| Morgan Stanley & Co. International PLC US Dollar | Sell | 16/03/2022 | 126,472 | 126,873 | 401 | - |
| State Street Bank & Trust Company British Pound | Buy | 16/03/2022 | 18,159 | 17,878 | 281 | - |
| British Pound | Sell | 16/03/2022 | 214,464 | 212,044 | (2,420) | (0.01) |
| Unrealised Appreciation on Forward Foreign Exchange Currency Contracts | EUR 3,597 | 0.02 |
| Unrealised Depreciation on Forward Foreign Exchange Currency Contracts | EUR (12,937) | (0.07) |
| Net Unrealised Depreciation on Forward Foreign Exchange Currency Contracts | EUR (9,340) | (0.05) |
| Total Financial Assets at Fair Value Through Profit or Loss | EUR 16,267,066 | 95.02 |
| Total Financial Liabilities at Fair Value Through Profit or Loss | EUR (12,937) | (0.07) |
| * The exchange currency for all contracts listed is Euro. |  |  |
| Analysis of Total Assets |  | % of Total Assets |
| Transferable securities admitted to official stock exchange listing |  | 87.49 |
| Transferable securities dealt on another regulated market |  | 6.42 |
| Other transferable securities of the type referred to in Regulation 68(1)(a), (b) and (c) |  | 0.60 |
| OTC financial derivative instruments |  | 0.02 |
| Other assets |  | 5.47 |
| Total Assets |  | 100.00 |


## Schedule of Investments 31 December 2021
U.S. GOVERNMENT AND AGENCY MORTGAGE OBLIGATIONS (47.87%) (30 June 2021: 64.33%)
Principal Amount
Coupon
Rate
Maturity Dates
Value USD
% of Fund
| U.S. Government Agency Mortgage Obligations (45.94%) |  |
| --- | --- |
| USD 10,415 Uniform Mortgage Backed Securities Pass-Through Certificates | 4.50 | 01/05/2049 | USD 11,272 | 0.01 |
| 12,120 Uniform Mortgage Backed Securities Pass-Through Certificates | 5.00 | 01/05/2049 | 13,181 | 0.01 |
| 656 Uniform Mortgage Backed Securities Pass-Through Certificates | 5.00 | 01/12/2038 | 735 | - |
| 7,749 Uniform Mortgage Backed Securities Pass-Through Certificates | 5.00 | 01/03/2038 | 8,658 | 0.01 |
| 766 Uniform Mortgage Backed Securities Pass-Through Certificates | 5.00 | 01/02/2038 | 856 | - |
| 4,000,000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 3.00 | 14/02/2052 | 4,139,532 | 3.54 |
| 7,000,000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 3.50 | 14/02/2052 | 7,362,580 | 6.29 |
| 9,000,000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 4.00 | 14/01/2052 | 9,573,399 | 8.18 |
| 3,000,000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 5.50 | 14/01/2052 | 3,245,630 | 2.77 |
| 4,000,000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 6.00 | 14/01/2052 | 4,321,228 | 3.69 |
| 10,000,000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 3.00 | 13/01/2052 | 10,363,672 | 8.86 |
| 1,000,000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 2.50 | 25/07/2051 | 1,021,094 | 0.87 |
| 13,000,000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 3.50 | 25/02/2049 | 13,690,627 | 11.71 |
|  |  |  | 53,752,464 | 45.94 |
| U.S. Government Guaranteed Mortgage Obligations (1.93%) 14,169 Government National Mortgage Association Pass-Through Certificates | 3.50 | 20/11/2049 | 15,033 | 0.01 |
| 13,703 Government National Mortgage Association Pass-Through Certificates | 3.50 | 20/11/2049 | 14,552 | 0.01 |
| 36,316 Government National Mortgage Association Pass-Through Certificates | 3.50 | 20/10/2049 | 38,532 | 0.03 |
| 22,280 Government National Mortgage Association Pass-Through Certificates | 5.00 | 20/05/2049 | 24,466 | 0.02 |
| 40,778 Government National Mortgage Association Pass-Through Certificates | 5.00 | 20/05/2049 | 44,614 | 0.04 |
| 2,000,000 Government National Mortgage Association Pass-Through Certificates TBA | 4.50 | 21/01/2052 | 2,114,047 | 1.82 |
|  |  |  | 2,251,244 | 1.93 |
| Total U.S. Government and Agency Mortgage Obligations |  |  | USD 56,003,708 | 47.87 |
| MORTGAGE-BACKED SECURITIES (50.95%) (30 June 2021: 46.89%) |  |  |  |  |
| Principal | Coupon | Maturity | Value | % of |
| Amount | Rate | Dates | USD | Fund |
| Agency Collateralised Mortgage Obligations (20.93%) USD 2,867,438 Federal Home Loan Mortgage Corporation (Class BI) | 4.50 | 25/11/2051 | USD 449,543 | 0.38 |
| 1,022,160 Federal Home Loan Mortgage Corporation (Class C21) | 6.00 | 15/06/2039 | 218,962 | 0.19 |
| 2,644,446 Federal Home Loan Mortgage Corporation (Class CI) | 4.00 | 25/11/2050 | 393,078 | 0.34 |
| 1,913,439 Federal Home Loan Mortgage Corporation (Class EI) | 3.50 | 25/01/2051 | 316,965 | 0.27 |
| 1,146,457 Federal Home Loan Mortgage Corporation (Class ES) | 5.90 | 25/12/2049 | 143,712 | 0.12 |
| 448,387 Federal Home Loan Mortgage Corporation (Class ES) | 6.14 | 15/11/2042 | 46,225 | 0.04 |
| 993,146 Federal Home Loan Mortgage Corporation (Class GI) | 3.00 | 15/01/2043 | 20,519 | 0.02 |
| 2,192,111 Federal Home Loan Mortgage Corporation (Class GS) | 5.95 | 25/09/2049 | 283,983 | 0.24 |
| 3,987,888 Federal Home Loan Mortgage Corporation (Class IB) | 2.50 | 25/03/2051 | 605,453 | 0.52 |
| 5,303,880 Federal Home Loan Mortgage Corporation (Class IB) | 3.00 | 25/12/2050 | 720,659 | 0.61 |
| 2,170,630 Federal Home Loan Mortgage Corporation (Class IK) | 4.00 | 25/04/2050 | 357,720 | 0.31 |
| 1,400,274 Federal Home Loan Mortgage Corporation (Class IO) | 5.00 | 15/02/2049 | 238,159 | 0.20 |
| 5,159,287 Federal Home Loan Mortgage Corporation (Class IP) | 3.00 | 25/10/2050 | 664,892 | 0.56 |
| 3,978,250 Federal Home Loan Mortgage Corporation (Class IQ) | 3.00 | 25/03/2051 | 452,685 | 0.39 |
| 3,372,766 Federal Home Loan Mortgage Corporation (Class NI) | 3.50 | 25/12/2051 | 422,098 | 0.36 |
| 3,383,398 Federal Home Loan Mortgage Corporation (Class NI) | 4.00 | 25/08/2049 | 616,859 | 0.53 |
| 859,302 Federal Home Loan Mortgage Corporation (Class PI) | 4.00 | 15/03/2043 | 112,751 | 0.10 |
| 2,006,385 Federal Home Loan Mortgage Corporation (Class SM) | 5.94 | 15/08/2044 | 325,476 | 0.28 |
| 1,265,712 Federal Home Loan Mortgage Corporation (Class WS) | 5.90 | 25/02/2050 | 241,641 | 0.21 |
| 10,321 Federal National Mortgage Association (Class 2) | 5.50 | 25/05/2037 | 2,052 | - |
| 47,082 Federal National Mortgage Association (Class 2) | 5.00 | 25/10/2036 | 8,856 | 0.01 |
| 12,305 Federal National Mortgage Association (Class 2) | 6.50 | 25/07/2036 | 2,603 | - |

MORTGAGE-BACKED SECURITIES (50.95%) (30 June 2021: 46.89%) 
cont.
Principal Amount
Agency Collateralised Mortgage Obligations (20.93%) 
cont.
Coupon
Rate
Maturity Dates
Value USD
% of Fund
| USD 14,666 Federal National Mortgage Association (Class 2) | 6.00 | 25/06/2036 | USD 3,297 | - |
| --- | --- | --- | --- | --- |
| 5,595,331 Federal National Mortgage Association (Class CI) | 3.50 | 25/10/2050 | 979,182 | 0.83 |
| 48,061 Federal National Mortgage Association (Class HI) | 4.50 | 25/12/2040 | 952 | - |
| 3,263,230 Federal National Mortgage Association (Class IL) | 3.00 | 25/03/2051 | 494,358 | 0.42 |
| 590,778 Federal National Mortgage Association (Class IP) | 4.00 | 25/03/2044 | 56,676 | 0.05 |
| 3,230,185 Federal National Mortgage Association (Class JI) | 4.50 | 25/04/2051 | 552,685 | 0.46 |
| 606,535 Federal National Mortgage Association (Class JI) | 3.00 | 25/12/2041 | 36,921 | 0.03 |
| 3,101,100 Federal National Mortgage Association (Class KI) | 3.00 | 25/10/2050 | 414,247 | 0.35 |
| 1,407,783 Federal National Mortgage Association (Class KI) | 6.00 | 25/03/2048 | 315,527 | 0.27 |
| 1,417,026 Federal National Mortgage Association (Class KI) | 5.00 | 25/06/2041 | 245,669 | 0.21 |
| 3,400,492 Federal National Mortgage Association (Class KS) | 5.90 | 25/01/2050 | 577,064 | 0.48 |
| 1,477,200 Federal National Mortgage Association (Class LI) | 7.00 | 25/11/2034 | 307,917 | 0.26 |
| 995,717 Federal National Mortgage Association (Class LS) | 5.90 | 25/09/2042 | 162,700 | 0.14 |
| 1,414,010 Federal National Mortgage Association (Class PS) | 5.95 | 25/11/2049 | 255,418 | 0.22 |
| 3,813,328 Federal National Mortgage Association (Class QI) | 4.50 | 25/09/2051 | 725,603 | 0.62 |
| 1,661,596 Federal National Mortgage Association (Class SA) | 5.95 | 25/10/2049 | 298,057 | 0.25 |
| 158,735 Federal National Mortgage Association (Class SB) | 6.35 | 25/05/2040 | 25,468 | 0.02 |
| 1,720,599 Federal National Mortgage Association (Class SC) | 5.85 | 25/07/2050 | 299,477 | 0.26 |
| 2,285,843 Federal National Mortgage Association (Class SE) | 6.00 | 25/06/2050 | 473,984 | 0.41 |
| 3,834,898 Federal National Mortgage Association (Class SK) | 5.95 | 25/03/2050 | 670,954 | 0.56 |
| 1,984,886 Federal National Mortgage Association (Class SL) | 6.05 | 25/01/2048 | 333,752 | 0.29 |
| 370,008 Federal National Mortgage Association (Class UI) | 4.00 | 25/11/2042 | 55,173 | 0.05 |
| 1,381,019 Government National Mortgage Association (Class AI) | 2.37 | 20/02/2068 | 117,387 | 0.10 |
| 4,776,795 Government National Mortgage Association (Class AI) | 2.28 | 20/01/2068 | 378,800 | 0.32 |
| 1,808,731 Government National Mortgage Association (Class AI) | 1.67 | 20/02/2066 | 108,730 | 0.09 |
| 3,951,733 Government National Mortgage Association (Class AI) | 1.62 | 20/09/2065 | 218,136 | 0.19 |
| 2,113,737 Government National Mortgage Association (Class AI) | 1.81 | 20/06/2065 | 131,778 | 0.11 |
| 1,825,618 Government National Mortgage Association (Class AI) | 4.50 | 16/09/2045 | 289,324 | 0.25 |
| 1,453,768 Government National Mortgage Association (Class BI) | 2.42 | 20/01/2067 | 100,112 | 0.09 |
| 5,269,654 Government National Mortgage Association (Class BI) | 1.55 | 20/05/2065 | 158,200 | 0.14 |
| 4,433,853 Government National Mortgage Association (Class BI) | 1.69 | 20/02/2065 | 260,028 | 0.22 |
| 4,343,649 Government National Mortgage Association (Class CI) | 1.96 | 20/01/2070 | 294,554 | 0.25 |
| 4,322,406 Government National Mortgage Association (Class CI) | 1.75 | 20/10/2065 | 265,828 | 0.23 |
| 2,954,942 Government National Mortgage Association (Class CI) | 1.46 | 20/03/2064 | 104,856 | 0.09 |
| 224,695 Government National Mortgage Association (Class CI) | 4.00 | 20/03/2042 | 34,232 | 0.03 |
| 170,837 Government National Mortgage Association (Class CS) | 5.95 | 20/02/2050 | 19,286 | 0.02 |
| 2,993,843 Government National Mortgage Association (Class DI) | 1.73 | 20/10/2065 | 213,853 | 0.18 |
| 2,442,376 Government National Mortgage Association (Class DI) | 3.50 | 20/08/2045 | 370,499 | 0.32 |
| 4,328,942 Government National Mortgage Association (Class EI) | 1.60 | 20/08/2065 | 121,210 | 0.10 |
| 987,311 Government National Mortgage Association (Class GS) | 6.00 | 20/03/2050 | 161,777 | 0.14 |
| 2,122,766 Government National Mortgage Association (Class HI) | 2.11 | 20/09/2065 | 91,916 | 0.08 |
| 1,089,371 Government National Mortgage Association (Class IA) | 4.50 | 20/09/2047 | 193,244 | 0.17 |
| 412,329 Government National Mortgage Association (Class IA) | 3.50 | 20/04/2040 | 6,561 | 0.01 |
| 1,119,986 Government National Mortgage Association (Class IE) | 4.00 | 16/01/2043 | 100,308 | 0.09 |
| 2,399,511 Government National Mortgage Association (Class IH) | 1.76 | 20/07/2067 | 131,150 | 0.11 |
| 531,040 Government National Mortgage Association (Class IK) | 3.50 | 20/03/2038 | 13,860 | 0.01 |
| 4,831,813 Government National Mortgage Association (Class IL) | 3.00 | 20/06/2051 | 429,417 | 0.37 |
| 834,546 Government National Mortgage Association (Class IL) | 4.00 | 20/08/2044 | 105,079 | 0.09 |
| 2,711,755 Government National Mortgage Association (Class IO) | 1.86 | 20/10/2066 | 153,626 | 0.13 |
| 346,988 Government National Mortgage Association (Class IT) | 5.00 | 20/01/2043 | 65,269 | 0.06 |
| 1,448,424 Government National Mortgage Association (Class JS) | 6.00 | 20/08/2049 | 194,237 | 0.17 |
| 1,617,791 Government National Mortgage Association (Class JS) | 6.00 | 20/09/2046 | 278,438 | 0.24 |
| 5,377,343 Government National Mortgage Association (Class KI) | 2.12 | 20/02/2070 | 402,763 | 0.34 |
| 1,363,189 Government National Mortgage Association (Class KI) | 4.00 | 20/07/2044 | 149,780 | 0.13 |
| 2,489,996 Government National Mortgage Association (Class KS) | 5.94 | 16/09/2049 | 621,068 | 0.52 |
| 50,314 Government National Mortgage Association (Class KS) | 5.95 | 20/08/2049 | 6,655 | 0.01 |

MORTGAGE-BACKED SECURITIES (50.95%) (30 June 2021: 46.89%) 
cont.
Principal Amount
Coupon
Rate
Maturity Dates
Value USD
% of Fund
| Agency Collateralised Mortgage Obligations (20.93%)  cont. USD 2,718,347 Government National Mortgage Association (Class MI) | 1.82 | 20/04/2067 | USD 150,596 | 0.13 |
| --- | --- | --- | --- | --- |
| 1,630,254 Government National Mortgage Association (Class MI) | 2.05 | 20/04/2067 | 112,324 | 0.10 |
| 2,501,259 Government National Mortgage Association (Class MI) | 4.00 | 20/02/2051 | 357,205 | 0.31 |
| 2,189,415 Government National Mortgage Association (Class MI) | 2.50 | 20/11/2050 | 248,367 | 0.21 |
| 1,830,832 Government National Mortgage Association (Class NI) | 2.12 | 20/10/2066 | 118,821 | 0.10 |
| 2,185,071 Government National Mortgage Association (Class PI) | 3.50 | 20/12/2049 | 252,485 | 0.22 |
| 673,228 Government National Mortgage Association (Class PI) | 3.50 | 20/02/2045 | 99,907 | 0.09 |
| 3,032,542 Government National Mortgage Association (Class QI) | 2.12 | 20/09/2067 | 212,618 | 0.18 |
| 236,773 Government National Mortgage Association (Class QI) | 4.50 | 20/01/2040 | 39,612 | 0.03 |
| 1,768,846 Government National Mortgage Association (Class SA) | 6.00 | 20/03/2044 | 333,860 | 0.29 |
| 1,647,709 Government National Mortgage Association (Class SC) | 5.95 | 20/02/2049 | 228,616 | 0.20 |
| 1,427,836 Government National Mortgage Association (Class SD) | 6.55 | 20/12/2039 | 268,840 | 0.23 |
| 2,240,169 Government National Mortgage Association (Class SG) | 5.90 | 20/02/2049 | 346,868 | 0.30 |
| 2,659,317 Government National Mortgage Association (Class SG) | 6.05 | 20/06/2043 | 441,392 | 0.37 |
| 68,178 Government National Mortgage Association (Class SJ) | 5.95 | 20/06/2049 | 8,136 | 0.01 |
| 634,653 Government National Mortgage Association (Class SK) | 6.50 | 20/04/2038 | 143,691 | 0.12 |
| 2,215,138 Government National Mortgage Association (Class SN) | 6.10 | 20/07/2050 | 364,849 | 0.31 |
| 603,392 Government National Mortgage Association (Class UI) | 5.00 | 20/12/2039 | 111,628 | 0.10 |
| 1,506,133 Government National Mortgage Association (Class WI) | 4.75 | 20/12/2040 | 182,799 | 0.16 |
| 2,622,135 Government National Mortgage Association (Class XI) | 1.89 | 20/07/2065 | 193,776 | 0.17 |
| 716,774 Government National Mortgage Association (Class XI) | 3.50 | 20/05/2045 | 50,748 | 0.04 |
|  |  |  | 24,489,071 | 20.93 |
| Commercial Mortgage-Backed Securities (20.06%) 122,000 Banc of America Commercial Mortgage Trust 2016-UBS10 (Class C) | 4.85 | 15/07/2049 | 131,367 | 0.11 |
| 82,011 Bear Stearns Commercial Mortgage Securities Trust 2006-PWR14 (Class XW) | 0.52 | 11/12/2038 | 467 | - |
| 875,000 Bear Stearns Commercial Mortgage Securities Trust 2007-TOP26 (Class AJ) | 5.43 | 12/01/2045 | 673,750 | 0.58 |
| 160,000 Benchmark 2018-B1 Mortgage Trust (Class C) | 4.11 | 15/01/2051 | 169,281 | 0.14 |
| 196,000 CD 2017-CD3 Mortgage Trust (Class C) | 4.55 | 10/02/2050 | 198,321 | 0.17 |
| 363,000 Citigroup Commercial Mortgage Trust 2012-GC8 (Class B) | 4.29 | 10/09/2045 | 366,978 | 0.31 |
| 209,000 Citigroup Commercial Mortgage Trust 2012-GC8 (Class C) | 4.88 | 10/09/2045 | 208,242 | 0.18 |
| 2,203,714 Citigroup Commercial Mortgage Trust 2013-GC17 (Class XA) | 1.00 | 10/11/2046 | 33,062 | 0.03 |
| 3,833,446 Citigroup Commercial Mortgage Trust 2014-GC21 (Class XA) | 1.15 | 10/05/2047 | 88,166 | 0.08 |
| 233,000 Citigroup Commercial Mortgage Trust 2015-GC31 (Class D) | 4.04 | 10/06/2048 | 229,664 | 0.20 |
| 485,000 Citigroup Commercial Mortgage Trust 2015-P1 (Class C) | 4.37 | 15/09/2048 | 500,071 | 0.43 |
| 890,000 Citigroup Mortgage Loan Trust Incorporated (Class M1) | 0.36 | 25/06/2037 | 880,687 | 0.74 |
| 463,000 Commercial 2010-C1 Mortgage Trust (Class D) | 5.99 | 10/07/2046 | 458,594 | 0.39 |
| 1,000,000 Commercial 2012-CCRE3 Mortgage Trust (Class F) | 4.75 | 15/10/2045 | 251,660 | 0.22 |
| 450,000 Commercial 2012-LC4 Mortgage Trust (Class B) | 4.93 | 10/12/2044 | 449,721 | 0.38 |
| 309,000 Commercial 2013-CCRE13 Mortgage Trust (Class D) | 4.88 | 10/11/2046 | 312,798 | 0.27 |
| 275,000 Commercial 2013-CCRE13 Mortgage Trust (Class E) | 4.88 | 10/11/2046 | 264,355 | 0.23 |
| 172,000 Commercial 2013-CCRE9 Mortgage Trust (Class D) | 4.28 | 10/07/2045 | 129,824 | 0.11 |
| 4,220,114 Commercial 2013-LC13 Mortgage Trust (Class XA) | 1.00 | 10/08/2046 | 56,220 | 0.05 |
| 796,000 Commercial 2014-CCRE17 Mortgage Trust (Class C) | 4.78 | 10/05/2047 | 826,693 | 0.70 |
| 8,866,235 Commercial 2014-CCRE19 Mortgage Trust (Class XA) | 0.95 | 10/08/2047 | 180,556 | 0.15 |
| 228,000 Commercial 2014-UBS4 Mortgage Trust (Class C) | 4.65 | 10/08/2047 | 232,179 | 0.20 |
| 5,443,442 Commercial 2014-UBS4 Mortgage Trust (Class XA) | 1.09 | 10/08/2047 | 121,282 | 0.10 |
| 232,000 Commercial 2014-UBS6 Mortgage Trust (Class C) | 4.44 | 10/12/2047 | 237,381 | 0.20 |
| 527,000 Commercial 2015-LC19 Mortgage Trust (Class C) | 4.23 | 10/02/2048 | 548,214 | 0.47 |
| 362,000 Commercial 2015-LC19 Mortgage Trust (Class D) | 2.87 | 10/02/2048 | 347,381 | 0.30 |
| 210,000 Commercial 2016-COR1 Mortgage Trust (Class C) | 4.33 | 10/10/2049 | 220,433 | 0.19 |
| 201,000 Commercial 2017-COR2 Mortgage Trust (Class D) | 3.00 | 10/09/2050 | 186,938 | 0.16 |
| 22,813 Credit Suisse Commercial Mortgage Trust Series 2007-C2 (Class B) | 5.63 | 15/01/2049 | 22,499 | 0.02 |
| 1,099,554 Credit Suisse Commercial Mortgage Trust Series 2008-C1 (Class AJ) | 5.82 | 15/02/2041 | 545,379 | 0.47 |
| 265,000 CSAIL 2015-C1 Commercial Mortgage Trust (Class C) | 4.26 | 15/04/2050 | 250,531 | 0.21 |
| 179,000 CSAIL 2015-C1 Commercial Mortgage Trust (Class D) | 3.76 | 15/04/2050 | 140,076 | 0.12 |

MORTGAGE-BACKED SECURITIES (50.95%) (30 June 2021: 46.89%) 
cont.
Principal Amount
Coupon
Rate
Maturity Dates
Value USD
% of Fund
| Commercial Mortgage-Backed Securities (20.06%)  cont. USD 573,000 DBUBS 2011-LC3 Mortgage Trust (Class D) | 5.37 | 10/08/2044 | USD 569,619 | 0.49 |
| --- | --- | --- | --- | --- |
| 1,952,000 Freddie Mac Multiclass Certificates Series 2015-P001 (Class DX) | 1.82 | 27/09/2028 | 209,718 | 0.18 |
| 376,000 GS Mortgage Securities Trust 2010-C1 (Class D) | 5.99 | 10/08/2043 | 276,772 | 0.24 |
| 121,337 GS Mortgage Securities Trust 2012-GC6 (Class D) | 5.87 | 10/01/2045 | 121,082 | 0.10 |
| 202,000 GS Mortgage Securities Trust 2012-GCJ9 (Class C) | 4.45 | 10/11/2045 | 202,071 | 0.17 |
| 799,000 GS Mortgage Securities Trust 2014-GC18 (Class C) | 4.98 | 10/01/2047 | 439,450 | 0.38 |
| 7,751,757 GS Mortgage Securities Trust 2014-GC18 (Class XA) | 0.98 | 10/01/2047 | 117,052 | 0.10 |
| 251,000 GS Mortgage Securities Trust 2014-GC22 (Class C) | 4.69 | 10/06/2047 | 257,652 | 0.22 |
| 1,191,000 GS Mortgage Securities Trust 2014-GC24 (Class D) | 4.53 | 10/09/2047 | 824,959 | 0.71 |
| 101,000 GS Mortgage Securities Trust 2015-GC30 (Class C) | 4.07 | 10/05/2050 | 104,184 | 0.09 |
| 335,000 JP Morgan Chase Commercial Mortgage Securities Trust 2010-C2 (Class D) | 5.69 | 15/11/2043 | 332,809 | 0.28 |
| 290,000 JP Morgan Chase Commercial Mortgage Securities Trust 2012-C6 (Class B) | 4.82 | 15/05/2045 | 291,130 | 0.25 |
| 416,000 JP Morgan Chase Commercial Mortgage Securities Trust 2012-C8 (Class D) | 4.67 | 15/10/2045 | 402,207 | 0.34 |
| 8,211,981 JP Morgan Chase Commercial Mortgage Securities Trust 2013-C10 (Class XA) | 0.93 | 15/12/2047 | 59,126 | 0.05 |
| 1,022,000 JP Morgan Chase Commercial Mortgage Securities Trust 2013-LC11 (Class E) | 3.25 | 15/04/2046 | 728,283 | 0.62 |
| 7,796,249 JP Morgan Chase Commercial Mortgage Securities Trust 2013-LC11 (Class XA) | 1.23 | 15/04/2046 | 90,170 | 0.08 |
| 709,000 JPMBB Commercial Mortgage Securities Trust 2013-C14 (Class D) | 4.55 | 15/08/2046 | 454,121 | 0.39 |
| 5,122,355 JPMBB Commercial Mortgage Securities Trust 2013-C17 (Class XA) | 0.72 | 15/01/2047 | 61,973 | 0.05 |
| 941,000 JPMBB Commercial Mortgage Securities Trust 2014-C18 (Class D) | 4.79 | 15/02/2047 | 536,773 | 0.46 |
| 320,000 JPMBB Commercial Mortgage Securities Trust 2014-C22 (Class C) | 4.55 | 15/09/2047 | 311,811 | 0.27 |
| 7,013,239 JPMBB Commercial Mortgage Securities Trust 2014-C22 (Class XA) | 0.82 | 15/09/2047 | 125,751 | 0.11 |
| 476,000 JPMBB Commercial Mortgage Securities Trust 2014-C23 (Class D) | 3.98 | 15/09/2047 | 471,571 | 0.40 |
| 10,378,614 JPMBB Commercial Mortgage Securities Trust 2014-C24 (Class XA) | 0.86 | 15/11/2047 | 195,029 | 0.17 |
| 323,000 JPMBB Commercial Mortgage Securities Trust 2014-C25 (Class D) | 3.94 | 15/11/2047 | 251,653 | 0.22 |
| 738,950 LB-UBS Commercial Mortgage Trust 2006-C6 (Class XCL) | 0.43 | 15/09/2039 | 89 | - |
| 15,825 ML-CFC Commercial Mortgage Trust 2006-4 (Class C) | 5.32 | 12/12/2049 | 15,602 | 0.01 |
| 401,000 Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5 (Class E) | 4.64 | 15/08/2045 | 402,265 | 0.34 |
| 402,000 Morgan Stanley Bank of America Merrill Lynch Trust 2013-C10 (Class D) | 4.07 | 15/07/2046 | 230,935 | 0.20 |
| 1,629,000 Morgan Stanley Bank of America Merrill Lynch Trust 2013-C10 (Class E) | 4.07 | 15/07/2046 | 544,249 | 0.47 |
| 346,000 Morgan Stanley Bank of America Merrill Lynch Trust 2013-C12 (Class D) | 4.76 | 15/10/2046 | 329,009 | 0.28 |
| 467,000 Morgan Stanley Bank of America Merrill Lynch Trust 2014-C15 (Class D) | 4.90 | 15/04/2047 | 474,136 | 0.41 |
| 1,431,819 Morgan Stanley Bank of America Merrill Lynch Trust 2014-C17 (Class XA) | 1.05 | 15/08/2047 | 26,517 | 0.02 |
| 5,236,462 Morgan Stanley Bank of America Merrill Lynch Trust 2015-C25 (Class XA) | 1.05 | 15/10/2048 | 159,204 | 0.14 |
| 369,125 Morgan Stanley Capital I Trust 2006-HQ10 (Class B) | 5.45 | 12/11/2041 | 348,801 | 0.30 |
| 148,047 Morgan Stanley Capital I Trust 2012-C4 (Class XA) | 1.78 | 15/03/2045 | 1 | - |
| 4,856,983 Morgan Stanley Capital I Trust 2016-BNK2 (Class XA) | 0.97 | 15/11/2049 | 189,517 | 0.16 |
| 391,000 Ready Capital Mortgage Financing 2020-FL4 LLC (Class C) | 4.85 | 25/02/2035 | 390,521 | 0.33 |
| 191,000 UBS Commercial Mortgage Trust 2018-C13 (Class C) | 4.93 | 15/10/2051 | 206,020 | 0.18 |
| 693,000 UBS-Barclays Commercial Mortgage Trust 2012-C2 (Class E) | 4.89 | 10/05/2063 | 61,913 | 0.05 |
| 6,988,944 UBS-Barclays Commercial Mortgage Trust 2012-C2 (Class XA) | 1.27 | 10/05/2063 | 16,941 | 0.01 |
| 14,311,864 UBS-Barclays Commercial Mortgage Trust 2013-C5 (Class XA) | 0.90 | 10/03/2046 | 78,793 | 0.07 |
| 11,562,867 UBS-Barclays Commercial Mortgage Trust 2013-C6 (Class XA) | 1.09 | 10/04/2046 | 94,781 | 0.08 |
| 296,000 UBS-Citigroup Commercial Mortgage Trust 2011-C1 (Class D) | 6.41 | 10/01/2045 | 259,231 | 0.22 |
| 421,152 Washington Mutual Asset-Backed Certificates WMABS Series 2006-HE2 Trust (Class A3) | 0.40 | 25/05/2036 | 384,081 | 0.33 |
| 395,000 Wells Fargo Commercial Mortgage Trust 2013-LC12 (Class D) | 4.31 | 15/07/2046 | 139,670 | 0.12 |
| 522,000 Wells Fargo Commercial Mortgage Trust 2014-LC16 (Class D) | 3.94 | 15/08/2050 | 68,935 | 0.06 |
| 12,855,106 Wells Fargo Commercial Mortgage Trust 2014-LC16 (Class XA) | 1.08 | 15/08/2050 | 271,118 | 0.23 |
| 6,587,107 Wells Fargo Commercial Mortgage Trust 2015-C27 (Class XA) | 0.86 | 15/02/2048 | 146,240 | 0.12 |
| 3,642,444 Wells Fargo Commercial Mortgage Trust 2016-BNK1 (Class XA) | 1.72 | 15/08/2049 | 238,216 | 0.20 |
| 7,693,000 Wells Fargo Commercial Mortgage Trust 2016-BNK1 (Class XB) | 1.33 | 15/08/2049 | 401,428 | 0.34 |
| 164,176 WFRBS Commercial Mortgage Trust 2011-C4 (Class C) | 4.89 | 15/06/2044 | 164,014 | 0.14 |
| 1,176,000 WFRBS Commercial Mortgage Trust 2012-C7 (Class F) | 4.50 | 15/06/2045 | 156,996 | 0.13 |
| 14,950,003 WFRBS Commercial Mortgage Trust 2013-C14 (Class XA) | 0.66 | 15/06/2046 | 102,153 | 0.09 |
| 884,000 WFRBS Commercial Mortgage Trust 2013-C15 (Class D) | 4.50 | 15/08/2046 | 515,650 | 0.44 |
| 7,106,847 WFRBS Commercial Mortgage Trust 2013-C15 (Class XA) | 0.40 | 15/08/2046 | 33,267 | 0.03 |

MORTGAGE-BACKED SECURITIES (50.95%) (30 June 2021: 46.89%) 
cont.
Principal
Coupon
Maturity
Value
% of
| Amount | Rate | Dates | USD | Fund |
| --- | --- | --- | --- | --- |
| Commercial Mortgage-Backed Securities (20.06%)  cont. USD 3,730,952 WFRBS Commercial Mortgage Trust 2013-UBS1 (Class XA) | 0.95 | 15/03/2046 | USD 53,961 | 0.05 |
| 268,000 WFRBS Commercial Mortgage Trust 2014-LC14 (Class D) | 4.59 | 15/03/2047 | 268,085 | 0.23 |
|  |  |  | 23,470,075 | 20.06 |
| Residential Mortgage-Backed Securities (non-agency) (9.96%) 643,411 Alternative Loan Trust 2005-51 (Class 3A3A) | 0.74 | 20/11/2035 | 581,613 | 0.50 |
| 636,311 Alternative Loan Trust 2006-24CB (Class A19) | 0.60 | 25/08/2036 | 280,161 | 0.24 |
| 153,139 Alternative Loan Trust 2006-OA10 (Class 4A1) | 0.48 | 25/08/2046 | 141,860 | 0.12 |
| 189,389 Alternative Loan Trust 2007-OA6 (Class A1A) | 0.24 | 25/06/2037 | 177,060 | 0.15 |
| 230,369 American Home Mortgage Investment Trust 2007-1 (Class GA1C) | 0.29 | 25/05/2047 | 132,406 | 0.11 |
| 251,000 Bellemeade Re 2019-4 Limited (Class M1C) | 2.60 | 25/10/2029 | 251,003 | 0.21 |
| 151,301 CHL Mortgage Pass-Through Trust 2005-3 (Class 1A1) | 0.72 | 25/04/2035 | 137,633 | 0.12 |
| 7,036 Connecticut Avenue Securities Trust 2019-R03 (Class 1M2) | 2.25 | 25/09/2031 | 7,065 | 0.01 |
| 486,886 Fannie Mae Connecticut Avenue Securities (Class 1B) | 11.85 | 25/10/2028 | 559,484 | 0.48 |
| 883,689 Fannie Mae Connecticut Avenue Securities (Class 1B) | 12.35 | 25/09/2028 | 1,015,160 | 0.88 |
| 114,407 Fannie Mae Connecticut Avenue Securities (Class 1B) | 11.85 | 25/08/2028 | 128,329 | 0.11 |
| 88,380 Fannie Mae Connecticut Avenue Securities (Class 1ED1) | 0.75 | 25/01/2031 | 88,186 | 0.08 |
| 310,282 Fannie Mae Connecticut Avenue Securities (Class 1M2) | 3.65 | 25/07/2029 | 318,554 | 0.27 |
| 52,818 Fannie Mae Connecticut Avenue Securities (Class 1M2) | 4.40 | 25/02/2025 | 53,761 | 0.05 |
| 143,268 Fannie Mae Connecticut Avenue Securities (Class 1M2) | 5.00 | 25/11/2024 | 149,001 | 0.13 |
| 371,272 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 4.45 | 25/05/2029 | 385,041 | 0.33 |
| 28,765 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 4.55 | 25/01/2029 | 29,808 | 0.03 |
| 55,969 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 5.65 | 25/04/2028 | 58,372 | 0.05 |
| 2,438 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 5.10 | 25/07/2025 | 2,450 | - |
| 4,498 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 4.10 | 25/05/2025 | 4,509 | - |
| 38,842 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 3.00 | 25/07/2024 | 39,436 | 0.03 |
| 23,063 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 2.70 | 25/05/2024 | 23,423 | 0.02 |
| 213,477 Fannie Mae Connecticut Avenue Securities (Class M2) | 4.50 | 25/01/2024 | 221,107 | 0.19 |
| 542,813 Freddie Mac Structured Agency Credit Risk Debt Notes (Class B) | 10.10 | 25/07/2028 | 600,520 | 0.51 |
| 676,000 Freddie Mac Structured Agency Credit Risk Debt Notes (Class M2B) | 2.60 | 25/03/2030 | 685,884 | 0.59 |
| 717,708 Freddie Mac Structured Agency Credit Risk Debt Notes (Class M3) | 5.10 | 25/12/2028 | 746,309 | 0.64 |
| 306,297 Freddie Mac Structured Agency Credit Risk Debt Notes (Class M3) | 5.65 | 25/07/2028 | 318,859 | 0.27 |
| 160,000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class B1) | 4.75 | 25/01/2049 | 166,496 | 0.14 |
| 109,000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class M1) | 0.90 | 25/09/2041 | 108,932 | 0.09 |
| 56,395 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class M2) | 3.85 | 25/08/2050 | 56,641 | 0.05 |
| 8,720 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class M2) | 3.10 | 25/06/2050 | 8,732 | 0.01 |
| 102,073 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class M2) | 2.45 | 25/02/2049 | 103,053 | 0.09 |
| 73,500 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class M2) | 2.40 | 25/10/2048 | 74,353 | 0.06 |
| 107,000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class M2) | 2.25 | 25/12/2030 | 108,321 | 0.09 |
| 342,000 LHOME Mortgage Trust 2021-RTL1 (Class A1) | 2.09 | 25/09/2026 | 340,735 | 0.29 |
| 357,644 PRPM 2021-10 LLC (Class A1) | 2.49 | 25/10/2026 | 356,393 | 0.30 |
| 420,000 Seasoned Credit Risk Transfer Trust Series 2017-2 (Class M1) | 4.00 | 25/08/2056 | 423,239 | 0.36 |
| 235,000 Seasoned Credit Risk Transfer Trust Series 2019-4 (Class M) | 4.50 | 25/02/2059 | 242,403 | 0.21 |
| 620,000 STACR Trust 2018-DNA3 (Class M2) | 2.20 | 25/09/2048 | 624,650 | 0.53 |
| 74,000 STACR Trust 2018-DNA3 (Class M2B) | 2.20 | 25/09/2048 | 74,929 | 0.06 |
| 20,000 STACR Trust 2018-HRP2 (Class M3) | 2.50 | 25/02/2047 | 20,392 | 0.02 |
| 1,274,000 STACR Trust 2018-HRP2 (Class M3AS) | 1.10 | 25/02/2047 | 1,270,198 | 1.09 |
| 376,433 Structured Asset Mortgage Investments II Trust 2007-AR7 (Class 1A1) | 0.95 | 25/05/2047 | 331,813 | 0.28 |
| 200,422 Triangle Re 2021-1 Limited (Class M1B) | 3.10 | 25/08/2033 | 200,477 | 0.17 |
|  |  |  | 11,648,751 | 9.96 |
| Total Mortgage-Backed Securities	USD 59,607,897 | 50.95 |

REPURCHASE AGREEMENTS (4.39%) (30 June 2021: 11.86%)
| Principal Amount | Effective Yield | Maturity Date | Value USD | % of Fund |
| --- | --- | --- | --- | --- |
| USD 5,133,000 Repurchase Agreement - BofA Securities Incorporated* | 0.05 | 03/01/2022 | USD 5,133,000 | 4.39 |
| Total Repurchase Agreements |  |  | USD 5,133,000 | 4.39 |

*Interest in USD10,143,000 bulk repurchase agreement dated 31 December 2021 with BofA Securities Incorporated due 3 January 2022 - maturity value of USD5,133,021 for an effective yield of 0.050% (collateralized by U.S. Treasuries (including strips) with a coupon rate of 0.750% and a due date of 31 December 2023, valued at USD10,345,860).
NON-U.S. CORPORATE BONDS AND NOTES (5.03%) (30 June 2021: 6.02%)
| Principal Amount | Coupon Rate | Maturity Dates | Value USD | % of Fund |
| --- | --- | --- | --- | --- |
| Airlines (0.23%) USD 250,000 Delta Air Lines Incorporated (International)	4.75 | 20/10/2028 | USD 272,995 | 0.23 |
|  |  | 272,995 | 0.23 |
| Banking (3.65%) |  |  |  |  |
| 1,050,000 Credit Suisse Group AG (Switzerland) | 6.25 | 29/12/2049 | 1,118,114 | 0.96 |
| 390,000 Itau Unibanco Holding SA (Brazil) | 3.88 | 15/04/2031 | 374,404 | 0.32 |
| 710,000 Sumitomo Mitsui Trust Bank Limited (Japan) | 0.80 | 12/09/2023 | 707,463 | 0.60 |
| 1,210,000 UBS AG (Switzerland) | 1.75 | 21/04/2022 | 1,213,804 | 1.04 |
| 767,000 UBS Group AG (Switzerland) | 6.88 | 29/12/2049 | 853,437 | 0.73 |
|  |  |  | 4,267,222 | 3.65 |
| Commercial Services (0.16%) |  |  |  |  |
| 176,000 IHS Markit Limited (Bermuda)	4.00 | 01/03/2026 | 190,520 | 0.16 |
|  |  | 190,520 | 0.16 |
| Computers (0.02%) |  |  |  |  |
| 17,000 CyberArk Software Limited (Israel)	- | 15/11/2024 | 21,420 | 0.02 |
|  |  | 21,420 | 0.02 |
| Leisure Time (0.04%) |  |  |  |  |
| 12,000 NCL Corporation Limited (Bermuda) | 1.13 | 15/02/2027 | 11,236 | 0.01 |
| 29,000 Royal Caribbean Cruises Limited (Liberia) | 2.88 | 15/11/2023 | 34,162 | 0.03 |
|  |  |  | 45,398 | 0.04 |
| Oil and Natural Gas Utilities (0.18%) |  |  |  |  |
| 41,000 Petrobras Global Finance BV (Netherlands) | 6.00 | 27/01/2028 | 44,588 | 0.04 |
| 1,185,000 Petroleos de Venezuela SA (Venezuela) (In default) | 6.00 | 15/11/2026 | 47,400 | 0.04 |
| 95,000 Petroleos Mexicanos (Mexico) | 6.70 | 16/02/2032 | 95,949 | 0.08 |
| 22,000 Transocean Incorporated (Cayman Islands) | 0.50 | 30/01/2023 | 19,718 | 0.02 |
|  |  |  | 207,655 | 0.18 |
| Pharmaceuticals (0.46%) |  |  |  |  |
| 23,000 Jazz Investments I Limited (Bermuda) | 1.50 | 15/08/2024 | 23,014 | 0.02 |
| 495,000 Teva Pharmaceutical Finance Netherlands III BV (Netherlands)	6.00 | 15/04/2024 | 518,701 | 0.44 |
|  |  | 541,715 | 0.46 |

Retail (0.29%)
350,000 1011778 BC ULC (Canada)	4.00	15/10/2030	343,875	0.29
343,875	0.29
Total Non-U.S. Corporate Bonds and Notes	USD 5,890,800	5.03
U.S. CORPORATE BONDS AND NOTES (27.09%) (30 June 2021: 26.77%)
Principal Amount
Coupon
Rate
Maturity Dates
Value USD
% of Fund
| Aerospace and Defense (0.36%) USD 410,000 TransDigm Incorporated	6.25 | 15/03/2026 | USD 426,144 | 0.36 |
| --- | --- | --- | --- |
|  |  | 426,144 | 0.36 |
| Airlines (0.07%) 8,000 American Airlines Group Incorporated | 6.50 | 01/07/2025 | 11,048 | 0.01 |
| 28,000 JetBlue Airways Corporation | 0.50 | 01/04/2026 | 26,102 | 0.02 |
| 30,000 Southwest Airlines Company | 1.25 | 01/05/2025 | 39,990 | 0.04 |
|  |  |  | 77,140 | 0.07 |
| Apparel (0.28%) |  |  |  |  |
| 320,000 Levi Strauss & Company	3.50 | 01/03/2031 | 326,282 | 0.28 |
|  |  | 326,282 | 0.28 |
| Automotive (0.70%) 27,000 Ford Motor Company | - | 15/03/2026 | 37,142 | 0.03 |
| 200,000 Ford Motor Credit Company LLC | 5.11 | 03/05/2029 | 227,250 | 0.19 |
| 210,000 Ford Motor Credit Company LLC | 2.90 | 16/02/2028 | 210,721 | 0.18 |
| 320,000 Ford Motor Credit Company LLC | 5.13 | 16/06/2025 | 348,000 | 0.30 |
|  |  |  | 823,113 | 0.70 |
| Banking (2.01%) 420,000 Dresdner Funding Trust I | 8.15 | 30/06/2031 | 592,725 | 0.51 |
| 476,000 JPMorgan Chase & Company | 6.00 | 31/12/2049 | 496,230 | 0.42 |
| 1,226,000 JPMorgan Chase & Company | 3.38 | 01/05/2023 | 1,263,943 | 1.08 |
|  |  |  | 2,352,898 | 2.01 |
| Biotechnology (0.07%) 12,000 BioMarin Pharmaceutical Incorporated | 1.25 | 15/05/2027 | 12,517 | 0.01 |
| 20,000 Guardant Health Incorporated | - | 15/11/2027 | 20,232 | 0.02 |
| 27,000 Halozyme Therapeutics Incorporated | 0.25 | 01/03/2027 | 24,047 | 0.02 |
| 33,000 NeoGenomics Incorporated | 0.25 | 15/01/2028 | 28,091 | 0.02 |
|  |  |  | 84,887 | 0.07 |
| Building Materials (0.21%) 132,000 JELD-WEN Incorporated | 6.25 | 15/05/2025 | 138,270 | 0.11 |
| 110,000 Louisiana-Pacific Corporation | 3.63 | 15/03/2029 | 112,192 | 0.10 |
|  |  |  | 250,462 | 0.21 |
| Chemicals (1.83%) 635,000 CF Industries Incorporated | 4.50 | 01/12/2026 | 707,786 | 0.60 |
| 477,000 CF Industries Incorporated | 3.45 | 01/06/2023 | 491,792 | 0.42 |
| 215,000 Kraton Polymers LLC | 4.25 | 15/12/2025 | 222,549 | 0.19 |
| 684,000 WR Grace Holdings LLC | 5.63 | 01/10/2024 | 720,005 | 0.62 |
|  |  |  | 2,142,132 | 1.83 |
| Commercial Services (0.54%) 6,000 Affirm Holdings Incorporated | - | 15/11/2026 | 5,394 | - |
| 475,000 Ashtead Capital Incorporated | 4.38 | 15/08/2027 | 491,957 | 0.42 |
| 19,000 Block Incorporated | 0.25 | 01/11/2027 | 20,152 | 0.02 |
| 19,000 Block Incorporated | - | 01/05/2026 | 19,487 | 0.02 |
| 70,000 Service Corporation International | 3.38 | 15/08/2030 | 68,710 | 0.06 |
| 18,000 Shift4 Payments Incorporated | - | 15/12/2025 | 18,979 | 0.02 |
|  |  |  | 624,679 | 0.54 |

U.S. CORPORATE BONDS AND NOTES (27.09%) (30 June 2021: 26.77%) 
cont.
Principal
Coupon
Maturity
Value
% of
| Amount | Rate | Dates | USD | Fund |
| --- | --- | --- | --- | --- |
| Computers (0.34%) USD 10,000 3D Systems Corporation | - | 15/11/2026 | USD 9,500 | 0.01 |
| 20,000 Lumentum Holdings Incorporated | 0.50 | 15/12/2026 | 24,875 | 0.02 |
| 18,000 Rapid7 Incorporated | 0.25 | 15/03/2027 | 23,198 | 0.02 |
| 315,000 Tempo Acquisition LLC | 5.75 | 01/06/2025 | 326,025 | 0.28 |
| 7,000 Zscaler Incorporated | 0.13 | 01/07/2025 | 15,299 | 0.01 |
|  |  |  | 398,897 | 0.34 |
| Cosmetics/Personal Care (0.01%) |  |  |  |  |
| 14,000 Beauty Health Company	1.25 | 01/10/2026 | 14,827 | 0.01 |
|  |  | 14,827 | 0.01 |
| Diversified Financial Services (0.74%) |  |  |  |  |
| 75,000 Ally Financial Incorporated | 8.00 | 01/11/2031 | 106,168 | 0.09 |
| 423,000 American Express Company | 2.65 | 02/12/2022 | 431,040 | 0.37 |
| 21,000 JPMorgan Chase Financial Company LLC | 0.25 | 01/05/2023 | 23,166 | 0.02 |
| 245,000 PennyMac Financial Services Incorporated | 5.38 | 15/10/2025 | 251,737 | 0.22 |
| 35,000 Provident Funding Associates LP | 6.38 | 15/06/2025 | 35,613 | 0.03 |
| 12,000 SoFi Technologies Incorporated | - | 15/10/2026 | 12,406 | 0.01 |
|  |  |  | 860,130 | 0.74 |
| Electric Utilities (0.67%) |  |  |  |  |
| 455,000 Calpine Corporation | 4.50 | 15/02/2028 | 472,062 | 0.40 |
| 25,000 Enphase Energy Incorporated | - | 01/03/2028 | 25,788 | 0.02 |
| 21,000 NextEra Energy Partners LP | - | 15/11/2025 | 23,930 | 0.02 |
| 21,000 NRG Energy Incorporated | 2.75 | 01/06/2048 | 24,912 | 0.02 |
| 207,000 NRG Energy Incorporated | 6.63 | 15/01/2027 | 215,183 | 0.19 |
| 32,000 Sunrun Incorporated | - | 01/02/2026 | 24,921 | 0.02 |
|  |  |  | 786,796 | 0.67 |
| Electronics (0.19%) |  |  |  |  |
| 215,000 Imola Merger Corporation	4.75 | 15/05/2029 | 220,601 | 0.19 |
|  |  | 220,601 | 0.19 |
| Entertainment (0.59%) |  |  |  |  |
| 110,000 Caesars Entertainment Incorporated | 4.63 | 15/10/2029 | 110,000 | 0.09 |
| 26,000 DraftKings Incorporated | - | 15/03/2028 | 19,578 | 0.02 |
| 370,000 Live Nation Entertainment Incorporated | 5.63 | 15/03/2026 | 382,025 | 0.32 |
| 155,000 Six Flags Theme Parks Incorporated | 7.00 | 01/07/2025 | 165,531 | 0.14 |
| 17,000 Vail Resorts Incorporated	- | 01/01/2026 | 18,118 | 0.02 |
|  |  | 695,252 | 0.59 |
| Food (2.46%) |  |  |  |  |
| 280,000 Albertsons Companies Incorporated | 3.50 | 15/03/2029 | 280,549 | 0.24 |
| 1,000,000 Albertsons Companies Incorporated | 4.63 | 15/01/2027 | 1,049,441 | 0.89 |
| 715,000 Kraft Heinz Foods Company | 3.00 | 01/06/2026 | 747,856 | 0.64 |
| 815,000 Nestle Holdings Incorporated | 0.38 | 15/01/2024 | 805,127 | 0.69 |
|  |  |  | 2,882,973 | 2.46 |
| Health-Care Services (0.57%) |  |  |  |  |
| 150,000 Centene Corporation | 3.00 | 15/10/2030 | 152,477 | 0.13 |
| 155,000 Global Medical Response Incorporated | 6.50 | 01/10/2025 | 156,550 | 0.13 |
| 3,000 HCA Incorporated | 5.25 | 15/06/2026 | 3,374 | - |
| 305,000 HCA Incorporated | 5.38 | 01/02/2025 | 335,194 | 0.30 |
| 16,000 Teladoc Health Incorporated	1.25 | 01/06/2027 | 14,570 | 0.01 |
|  |  | 662,165 | 0.57 |

U.S. CORPORATE BONDS AND NOTES (27.09%) (30 June 2021: 26.77%) 
cont.
| Principal Amount | Coupon Rate | Maturity Dates | Value USD | % of Fund |
| --- | --- | --- | --- | --- |
| Home Builders (1.16%) USD 1,018,000 Lennar Corporation | 5.88 | 15/11/2024 | USD 1,120,675 | 0.97 |
| 2,000 PulteGroup Incorporated | 7.88 | 15/06/2032 | 2,855 | - |
| 187,000 PulteGroup Incorporated | 5.50 | 01/03/2026 | 212,623 | 0.18 |
| 13,000 Winnebago Industries Incorporated | 1.50 | 01/04/2025 | 17,341 | 0.01 |
|  |  |  | 1,353,494 | 1.16 |
| Household Products/Wares (0.27%) 39,000 Spectrum Brands Incorporated | 5.50 | 15/07/2030 | 41,828 | 0.04 |
| 266,000 Spectrum Brands Incorporated | 5.00 | 01/10/2029 | 278,967 | 0.23 |
|  |  |  | 320,795 | 0.27 |
| Insurance (0.81%) 35,000 Alliant Holdings Intermediate LLC | 4.25 | 15/10/2027 | 35,000 | 0.03 |
| 900,000 Metropolitan Life Global Funding I | 1.95 | 13/01/2023 | 911,541 | 0.78 |
|  |  |  | 946,541 | 0.81 |
| Internet (1.06%) 25,000 Airbnb Incorporated | - | 15/03/2026 | 24,463 | 0.02 |
| 15,000 Booking Holdings Incorporated | 0.75 | 01/05/2025 | 22,028 | 0.02 |
| 8,000 Etsy Incorporated | 0.25 | 15/06/2028 | 9,405 | 0.01 |
| 22,000 Expedia Group Incorporated | - | 15/02/2026 | 25,311 | 0.02 |
| 406,000 Match Group Holdings II LLC | 4.63 | 01/06/2028 | 422,401 | 0.36 |
| 265,000 Netflix Incorporated | 5.88 | 15/11/2028 | 318,663 | 0.27 |
| 34,000 Okta Incorporated | 0.38 | 15/06/2026 | 40,460 | 0.03 |
| 16,000 Palo Alto Networks Incorporated | 0.38 | 01/06/2025 | 30,310 | 0.03 |
| 27,000 Snap Incorporated | - | 01/05/2027 | 26,110 | 0.02 |
| 225,000 TripAdvisor Incorporated | 7.00 | 15/07/2025 | 237,375 | 0.20 |
| 50,000 Twitter Incorporated | - | 15/03/2026 | 44,780 | 0.04 |
| 20,000 Uber Technologies Incorporated | - | 15/12/2025 | 19,630 | 0.02 |
| 12,000 Zendesk Incorporated | 0.63 | 15/06/2025 | 14,317 | 0.01 |
| 6,000 Zillow Group Incorporated | 2.75 | 15/05/2025 | 7,723 | 0.01 |
|  |  |  | 1,242,976 | 1.06 |
| Investment Companies (0.24%) 265,000 Icahn Enterprises LP | 6.25 | 15/05/2026 | 275,931 | 0.24 |
|  |  |  | 275,931 | 0.24 |
| Media (0.89%) 26,000 Cable One Incorporated | 1.13 | 15/03/2028 | 25,735 | 0.02 |
| 160,000 CCO Holdings LLC | 5.38 | 01/06/2029 | 172,662 | 0.15 |
| 152,000 CCO Holdings LLC | 5.50 | 01/05/2026 | 156,592 | 0.13 |
| 349,000 CSC Holdings LLC | 5.25 | 01/06/2024 | 362,960 | 0.31 |
| 245,000 DISH DBS Corporation | 5.88 | 15/11/2024 | 251,679 | 0.22 |
| 46,000 DISH Network Corporation | 3.38 | 15/08/2026 | 43,541 | 0.04 |
| 24,000 Liberty Media Corporation | 2.75 | 01/12/2049 | 24,636 | 0.02 |
|  |  |  | 1,037,805 | 0.89 |
| Medical Technology (0.06%) 40,000 Exact Sciences Corporation | 0.38 | 01/03/2028 | 38,623 | 0.04 |
| 11,000 Insulet Corporation | 0.38 | 01/09/2026 | 14,552 | 0.01 |
| 9,000 Tandem Diabetes Care Incorporated | 1.50 | 01/05/2025 | 13,343 | 0.01 |
|  |  |  | 66,518 | 0.06 |
| Mining (0.96%) 157,000 Compass Minerals International Incorporated | 4.88 | 15/07/2024 | 160,336 | 0.14 |
| 293,000 Freeport-McMoRan Incorporated | 4.38 | 01/08/2028 | 307,284 | 0.26 |
| 625,000 Novelis Corporation | 4.75 | 30/01/2030 | 657,031 | 0.56 |
|  |  |  | 1,124,651 | 0.96 |

| U.S. CORPORATE BONDS AND NOTES (27.09%) (30 June 2021: 26.77%)  cont. |  |  |  |  |
| --- | --- | --- | --- | --- |
| Principal | Coupon | Maturity | Value | % of |
| Amount | Rate | Dates | USD | Fund |
| Miscellaneous Manufacturer (0.02%) |  |  |  |  |
| USD 22,000 John Bean Technologies Corporation	0.25 | 15/05/2026 | USD 24,178 | 0.02 |
|  |  | 24,178 | 0.02 |
| Oil and Natural Gas Utilities (2.65%) |  |  |  |  |
| 355,000 Apache Corporation | 5.10 | 01/09/2040 | 401,150 | 0.34 |
| 170,000 Continental Resources Incorporated | 2.88 | 01/04/2032 | 166,303 | 0.14 |
| 192,000 Continental Resources Incorporated | 5.75 | 15/01/2031 | 226,103 | 0.19 |
| 484,000 Endeavor Energy Resources LP | 5.75 | 30/01/2028 | 515,888 | 0.44 |
| 176,000 Occidental Petroleum Corporation | 6.20 | 15/03/2040 | 216,480 | 0.19 |
| 370,000 Occidental Petroleum Corporation | 6.45 | 15/09/2036 | 471,752 | 0.40 |
| 460,000 Ovintiv Exploration Incorporated | 5.63 | 01/07/2024 | 503,700 | 0.44 |
| 5,000 Ovintiv Incorporated | 7.38 | 01/11/2031 | 6,518 | 0.01 |
| 16,000 Pioneer Natural Resources Company | 0.25 | 15/05/2025 | 28,510 | 0.02 |
| 126,000 Southwestern Energy Company | 4.75 | 01/02/2032 | 132,691 | 0.11 |
| 400,000 Southwestern Energy Company | 5.38 | 15/03/2030 | 428,592 | 0.37 |
|  |  |  | 3,097,687 | 2.65 |
| Packaging and Containers (-%) |  |  |  |  |
| 5,000 Mauser Packaging Solutions Holding Company	5.50 | 15/04/2024 | 5,046 | - |
|  |  | 5,046 | - |
| Pharmaceuticals (0.86%) |  |  |  |  |
| 451,000 Bristol-Myers Squibb Company | 3.25 | 20/02/2023 | 462,883 | 0.40 |
| 21,000 Dexcom Incorporated | 0.25 | 15/11/2025 | 24,924 | 0.02 |
| 425,000 Elanco Animal Health Incorporated | 5.90 | 28/08/2028 | 493,000 | 0.42 |
| 21,000 Pacira BioSciences Incorporated | 0.75 | 01/08/2025 | 23,218 | 0.02 |
|  |  |  | 1,004,025 | 0.86 |
| Pipelines (1.24%) |  |  |  |  |
| 78,000 Cheniere Corpus Christi Holdings LLC | 5.13 | 30/06/2027 | 88,009 | 0.08 |
| 385,000 Cheniere Energy Partners LP | 4.50 | 01/10/2029 | 408,100 | 0.35 |
| 2,000 Energy Transfer LP | 6.63 | 31/12/2099 | 1,895 | - |
| 598,000 Energy Transfer LP | 5.88 | 15/01/2024 | 643,611 | 0.55 |
| 309,000 Holly Energy Partners LP | 5.00 | 01/02/2028 | 307,841 | 0.26 |
|  |  |  | 1,449,456 | 1.24 |
| Real Estate (1.18%) |  |  |  |  |
| 18,000 Blackstone Mortgage Trust Incorporated | 4.75 | 15/03/2023 | 18,371 | 0.02 |
| 140,000 GLP Capital LP | 5.38 | 15/04/2026 | 155,900 | 0.13 |
| 325,000 iStar Incorporated | 4.75 | 01/10/2024 | 337,188 | 0.29 |
| 335,000 Ladder Capital Finance Holdings LLLP | 5.25 | 01/10/2025 | 338,350 | 0.29 |
| 505,000 Starwood Property Trust Incorporated | 4.75 | 15/03/2025 | 525,199 | 0.45 |
|  |  |  | 1,375,008 | 1.18 |
| Retail (0.70%) |  |  |  |  |
| 145,000 Bath & Body Works Incorporated | 6.63 | 01/10/2030 | 164,213 | 0.14 |
| 16,000 Burlington Stores Incorporated | 2.25 | 15/04/2025 | 23,770 | 0.02 |
| 23,000 Cheesecake Factory Incorporated | 0.38 | 15/06/2026 | 20,599 | 0.02 |
| 245,000 Golden Nugget Incorporated | 6.75 | 15/10/2024 | 245,000 | 0.20 |
| 7,000 National Vision Holdings Incorporated | 2.50 | 15/05/2025 | 11,703 | 0.01 |
| 11,000 Shake Shack Incorporated | - | 01/03/2028 | 9,103 | 0.01 |
| 340,000 Staples Incorporated	7.50 | 15/04/2026 | 349,350 | 0.30 |
|  |  | 823,738 | 0.70 |
| Semiconductors (0.07%) |  |  |  |  |
| 12,000 Impinj Incorporated | 1.13 | 15/05/2027 | 13,096 | 0.01 |
| 32,000 ON Semiconductor Corporation | - | 01/05/2027 | 46,560 | 0.04 |
| 14,000 Silicon Laboratories Incorporated | 0.63 | 15/06/2025 | 24,543 | 0.02 |
|  |  |  | 84,199 | 0.07 |

U.S. CORPORATE BONDS AND NOTES (27.09%) (30 June 2021: 26.77%) 
cont.
| Principal Amount | Coupon Rate | Maturity Dates | Value USD | % of Fund |
| --- | --- | --- | --- | --- |
| Software (2.50%) USD 40,000 Akamai Technologies Incorporated | 0.38 | 01/09/2027 | USD 46,776 | 0.04 |
| 13,000 Akamai Technologies Incorporated | 0.13 | 01/05/2025 | 17,014 | 0.01 |
| 14,000 Avalara Incorporated | 0.25 | 01/08/2026 | 12,922 | 0.01 |
| 32,000 Bentley Systems Incorporated | 0.38 | 01/07/2027 | 29,440 | 0.03 |
| 15,000 Bill.com Holdings Incorporated | - | 01/04/2027 | 15,338 | 0.01 |
| 19,000 Blackline Incorporated | - | 15/03/2026 | 17,651 | 0.02 |
| 15,000 Box Incorporated | - | 15/01/2026 | 18,020 | 0.02 |
| 310,000 Boxer Parent Company Incorporated | 7.13 | 02/10/2025 | 325,113 | 0.28 |
| 22,000 Ceridian HCM Holding Incorporated | 0.25 | 15/03/2026 | 22,981 | 0.02 |
| 29,000 Coupa Software Incorporated | 0.38 | 15/06/2026 | 27,405 | 0.02 |
| 6,000 Datadog Incorporated | 0.13 | 15/06/2025 | 12,024 | 0.01 |
| 12,000 DigitalOcean Holdings Incorporated | - | 01/12/2026 | 10,643 | 0.01 |
| 23,000 Everbridge Incorporated | - | 15/03/2026 | 19,419 | 0.02 |
| 9,000 Five9 Incorporated | 0.50 | 01/06/2025 | 11,053 | 0.01 |
| 1,342,000 Oracle Corporation | 3.63 | 15/07/2023 | 1,390,587 | 1.18 |
| 674,000 Oracle Corporation | 2.50 | 15/05/2022 | 676,776 | 0.58 |
| 20,000 Pegasystems Incorporated | 0.75 | 01/03/2025 | 21,126 | 0.02 |
| 19,000 RingCentral Incorporated | - | 01/03/2025 | 17,850 | 0.02 |
| 50,000 Splunk Incorporated | 1.13 | 15/06/2027 | 46,625 | 0.04 |
| 12,000 Unity Software Incorporated | - | 15/11/2026 | 10,950 | 0.01 |
| 170,000 ZoomInfo Technologies LLC | 3.88 | 01/02/2029 | 168,538 | 0.14 |
|  |  |  | 2,918,251 | 2.50 |
| Telecommunications (0.78%) |  |  |  |  |
| 310,000 Frontier Communications Holdings LLC | 5.88 | 15/10/2027 | 327,825 | 0.28 |
| 230,000 Sprint Capital Corporation | 6.88 | 15/11/2028 | 290,950 | 0.25 |
| 265,000 T-Mobile USA Incorporated | 4.75 | 01/02/2028 | 278,913 | 0.24 |
| 9,000 Viavi Solutions Incorporated | 1.00 | 01/03/2024 | 12,746 | 0.01 |
|  |  |  | 910,434 | 0.78 |
| Total U.S. Corporate Bonds and Notes |  |  | USD 31,690,111 | 27.09 |
| FOREIGN GOVERNMENT AND AGENCY BONDS AND NOTES (4.12%) (30 June 2021: 5.56%) |  |  |  |  |
| Principal | Coupon | Maturity | Value | % of |
| Amount | Rate | Dates | USD | Fund |
| USD 200,000 Banque Centrale de Tunisie International Bond (Tunisia) | 5.75 | 30/01/2025 | USD 152,000 | 0.13 |
| 150,000 Dominican Republic International Bond (Dominican Republic) | 6.40 | 05/06/2049 | 157,688 | 0.13 |
| 141,000 Dominican Republic International Bond (Dominican Republic) | 8.63 | 20/04/2027 | 167,085 | 0.14 |
| 200,000 Dominican Republic International Bond (Dominican Republic) | 6.88 | 29/01/2026 | 227,500 | 0.19 |
| 470,000 Indonesia Government International Bond (Indonesia) | 3.85 | 15/10/2030 | 528,329 | 0.46 |
| 345,000 Indonesia Government International Bond (Indonesia) | 3.38 | 15/04/2023 | 355,781 | 0.30 |
| 360,000 Ivory Coast Government International Bond (Ivory Coast) | 6.13 | 15/06/2033 | 378,450 | 0.33 |
| 350,000 Ivory Coast Government International Bond (Ivory Coast) | 5.38 | 23/07/2024 | 363,125 | 0.31 |
| 187,000 Jamaica Government International Bond (Jamaica) | 8.00 | 15/03/2039 | 258,761 | 0.22 |
| 200,000 Kazakhstan Government International Bond (Kazakhstan) | 4.88 | 14/10/2044 | 245,234 | 0.21 |
| 564,000 Mexico Government International Bond (Mexico) | 2.66 | 24/05/2031 | 549,905 | 0.48 |
| 360,000 Paraguay Government International Bond (Paraguay) | 4.70 | 27/03/2027 | 399,150 | 0.34 |
| 330,000 Republic of Kenya Government International Bond (Kenya) | 6.88 | 24/06/2024 | 348,563 | 0.30 |
| 345,000 Senegal Government International Bond (Senegal) | 6.25 | 23/05/2033 | 353,625 | 0.30 |
| EUR 100,000 Senegal Government International Bond (Senegal) | 4.75 | 13/03/2028 | 115,222 | 0.10 |
| USD 200,000 Vietnam Government International Bond (Vietnam) | 4.80 | 19/11/2024 | 216,385 | 0.18 |
| Total Foreign Government and Agency Bonds and Notes |  |  | USD 4,816,803 | 4.12 |

U.S. TREASURY OBLIGATIONS (5.64%) (30 June 2021: 4.04%)
| Principal | Yield | Maturity | Value | % of |
| --- | --- | --- | --- | --- |
| Amount | (%) | Dates | USD | Fund |
| USD 1,200,000 United States Treasury Bill1 | 0.06 | 05/05/2022 | USD 1,199,724 | 1.03 |
| 3,600,000 United States Treasury Bill2 | 0.05 | 21/04/2022 | 3,599,492 | 3.07 |
| 1,800,000 United States Treasury Bill | 0.05 | 24/03/2022 | 1,799,798 | 1.54 |

Total U.S. Treasury Obligations	USD 6,599,014	5.64
1 Security is partly held as collateral by JP Morgan Chase (USD 841,433).
2 Security is partly held as collateral by Citibank (USD 381,965), Citigroup Global Markets Inc. (USD 250,665) and UBS (USD 109,857).
| PURCHASED CURRENCY OPTIONS OUTSTANDING (-%) (30 June 2021: 0.04%) |  |
| --- | --- |
| PURCHASED SWAP OPTIONS OUTSTANDING (2.26%) (30 June 2021: 1.78%) |  |  |  |  |
| Counterparty Fixed right % to receive or (pay)/ | Expiration | Notional/ Contract | Value | % of |
| Floating rate index/Maturity date | date/strike | Amount | USD | Fund |
| Bank of America N.A. |  |  |  |  |
| 0.485/3 month USD-LIBOR-BBA/Jan-25 | Jan-24/0.485 | USD 10,030,100 | USD 5,617 | - |
| Goldman Sachs International |
| 2.988/3 month USD-LIBOR-BBA/Feb-39 | Feb-29/2.988 | 1,512,000 | 178,295 | 0.15 |
| (2.988)/3 month USD-LIBOR-BBA/Feb-39 | Feb-29/2.988 | 1,512,000 | 43,742 | 0.04 |
| JPMorgan Chase Bank N.A. 2.795/3 month USD-LIBOR-BBA/Dec-37 | Dec-27/2.795 | 1,410,300 | 149,675 | 0.13 |
| 2.7575/3 month USD-LIBOR-BBA/Dec-37 | Dec-27/2.7575 | 1,410,300 | 146,290 | 0.13 |
| (2.7575)/3 month USD-LIBOR-BBA/Dec-37 | Dec-27/2.7575 | 1,410,300 | 43,282 | 0.04 |
| (2.795)/3 month USD-LIBOR-BBA/Dec-37 | Dec-27/2.795 | 1,410,300 | 42,126 | 0.04 |
| Morgan Stanley & Co. International PLC |  |  |  |  |
| 3.00/3 month USD-LIBOR-BBA/Feb-73 | Feb-48/3.00 | 1,990,200 | 540,598 | 0.46 |
| 3.00/3 month USD-LIBOR-BBA/Apr-72 | Apr-47/3.00 | 1,990,200 | 539,225 | 0.46 |
| 2.75/3 month USD-LIBOR-BBA/May-73 | May-48/2.75 | 1,990,200 | 460,492 | 0.38 |
| (1.613)/3 month USD-LIBOR-BBA/Aug-34 | Aug-24/1.613 | 2,005,900 | 103,645 | 0.09 |
| 1.613/3 month USD-LIBOR-BBA/Aug-34 | Aug-24/1.613 | 2,005,900 | 68,863 | 0.06 |
| (1.4075)/3 month USD-LIBOR-BBA/Mar-27 | Mar-22/1.4075 | 829,100 | 5,920 | 0.01 |
| NatWest Markets PLC (0.52)/6 month GBP-LIBOR-BBA/Sep-23 (United Kingdom) | Sep-22/0.52 | GBP 18,167,500 | 172,380 | 0.15 |
| Toronto-Dominion Bank (1.505)/3 month USD-LIBOR-BBA/Jan-32 (Canada) | Jan-22/1.505 | USD 929,100 | 11,827 | 0.01 |
| (1.80)/3 month USD-LIBOR-BBA/Jan-32 (Canada) | Jan-22/1.80 | 1,858,200 | 4,125 | - |
| UBS AG (0.153)/6 month EUR-EURIBOR-Reuters/Sep-29 | Sep-24/0.153 | EUR 2,835,800 | 82,942 | 0.07 |
| 0.153/6 month EUR-EURIBOR-Reuters/Sep-29 | Sep-24/0.153 | 2,835,800 | 47,815 | 0.04 |
| Total Purchased Swap Options Outstanding |  |  | USD 2,646,859 | 2.26 |
| Total Value of Investments excluding financial derivative instruments* |  |  | USD 172,388,192 | 147.35 |
| * With the exception of purchased swap options. |  |  |  |  |
| WRITTEN CURRENCY OPTIONS OUTSTANDING (-%) (30 June 2021: -0.01%) |  |  |  |  |
| WRITTEN SWAP OPTIONS OUTSTANDING (-3.84%) (30 June 2021: -2.72%) |  |  |  |  |
| Counterparty Fixed Obligation % to receive or (pay)/ | Expiration | Notional/ Contract | Value | % of |
| Floating rate index/Maturity date | date/strike | Amount | USD | Fund |
| Bank of America N.A. |  |  |  |  |
| 0.985/3 month USD-LIBOR-BBA/Jan-25 | Jan-24/0.985 | USD 10,030,100 | USD (82,447) | (0.07) |
| Citibank, N.A. (1.865)/3 month USD-LIBOR-BBA/Oct-39 | Oct-29/1.865 | 1,820,200 | (103,897) | (0.09) |
| 2.395/3 month USD-LIBOR-BBA/Nov-33 | Nov-23/2.395 | 5,908,700 | (106,120) | (0.09) |
| 1.865/3 month USD-LIBOR-BBA/Oct-39 | Oct-29/1.865 | 1,820,200 | (115,473) | (0.10) |
| Goldman Sachs International 1.722/6 month GBP-LIBOR-BBA/Feb-39 | Feb-29/1.722 | GBP 981,800 | (55,150) | (0.05) |
| (1.722)/6 month GBP-LIBOR-BBA/Feb-39 | Feb-29/1.722 | 981,800 | (125,862) | (0.11) |

| WRITTEN SWAP OPTIONS OUTSTANDING (-3.84%) (30 June 2021: -2.72%)  cont. |  |  |  |  |
| --- | --- | --- | --- | --- |
| Counterparty Fixed Obligation % to receive or (pay)/ | Expiration | Notional/ Contract | Value | % of |
| Floating rate index/Maturity date | date/strike | Amount | USD | Fund |
| JPMorgan Chase Bank N.A. |  |  |  |  |
| (0.968)/3 month USD-LIBOR-BBA/Mar-35 | Mar-25/0.968 | USD 459,600 | USD (7,850) | (0.01) |
| (1.07)/3 month USD-LIBOR-BBA/Mar-32 | Mar-27/1.07 | 732,100 | (11,282) | (0.01) |
| 1.07/3 month USD-LIBOR-BBA/Mar-32 | Mar-27/1.07 | 732,100 | (35,983) | (0.03) |
| 0.968/3 month USD-LIBOR-BBA/Mar-35 | Mar-25/0.968 | 459,600 | (43,074) | (0.04) |
| 3.229/3 month USD-LIBOR-BBA/Nov-33 | Nov-23/3.229 | 6,721,200 | (46,040) | (0.04) |
| 1.667/6 month EUR-EURIBOR-Reuters/Feb-36 | Feb-26/1.667 | EUR 2,160,000 | (48,667) | (0.04) |
| 2.328/3 month USD-LIBOR-BBA/May-36 | May-26/2.328 | USD 1,800,000 | (63,558) | (0.05) |
| (2.328)/3 month USD-LIBOR-BBA/May-36 | May-26/2.328 | 1,800,000 | (137,646) | (0.12) |
| (1.667)/6 month EUR-EURIBOR-Reuters/Feb-36 | Feb-26/1.667 | EUR 2,160,000 | (289,050) | (0.25) |
| (3.229)/3 month USD-LIBOR-BBA/Nov-33 | Nov-23/3.229 | USD 6,721,200 | (934,986) | (0.80) |
| Morgan Stanley & Co. International PLC 1.6075/3 month USD-LIBOR-BBA/Mar-27 | Mar-22/1.6075 | 1,658,300 | (5,821) | - |
| 3.01/3 month USD-LIBOR-BBA/Feb-36 | Feb-26/3.01 | 776,600 | (15,151) | (0.01) |
| 2.97/3 month USD-LIBOR-BBA/Feb-36 | Feb-26/2.97 | 776,600 | (15,532) | (0.01) |
| (1.512)/3 month USD-LIBOR-BBA/Aug-32 | Aug-22/1.512 | 2,005,900 | (31,894) | (0.03) |
| 1.512/3 month USD-LIBOR-BBA/Aug-32 | Aug-22/1.512 | 2,005,900 | (63,687) | (0.05) |
| (2.97)/3 month USD-LIBOR-BBA/Feb-36 | Feb-26/2.97 | 776,600 | (92,144) | (0.08) |
| (3.01)/3 month USD-LIBOR-BBA/Feb-36 | Feb-26/3.01 | 776,600 | (94,349) | (0.08) |
| (2.75)/3 month USD-LIBOR-BBA/May-49 | May-25/2.75 | 1,990,200 | (425,326) | (0.37) |
| (3.00)/3 month USD-LIBOR-BBA/Apr-48 | Apr-23/3.00 | 1,990,200 | (507,461) | (0.43) |
| (3.00)/3 month USD-LIBOR-BBA/Jan-49 | Jan-24/3.00 | 1,990,200 | (512,914) | (0.44) |
| NatWest Markets PLC 0.84/Sterling Overnight Index Average/Sep-23 | Sep-22/0.84 | GBP 18,167,500 | (110,166) | (0.09) |
| 0.68/Sterling Overnight Index Average/Sep-23 | Sep-22/0.68 | 18,167,500 | (139,429) | (0.12) |
| Toronto-Dominion Bank (1.17)/3 month USD-LIBOR-BBA/Mar-55 | Mar-25/1.17 | USD 68,800 | (3,738) | - |
| 1.65/3 month USD-LIBOR-BBA/Jan-32 | Jan-22/1.65 | 2,798,500 | (16,231) | (0.01) |
| 1.17/3 month USD-LIBOR-BBA/Mar-55 | Mar-25/1.17 | 137,700 | (26,337) | (0.02) |
| UBS AG 1.9875/3 month USD-LIBOR-BBA/Oct-36 | Oct-26/1.9875 | 2,111,400 | (103,416) | (0.09) |
| (1.9875)/3 month USD-LIBOR-BBA/Oct-36 | Oct-26/1.9875 | 2,111,400 | (124,256) | (0.11) |

Total Written Swap Options Outstanding	USD (4,494,937)	(3.84)
FORWARD PREMIUM SWAP OPTION CONTRACTS OUTSTANDING (0.29%) (30 June 2021: 0.42%)
| Counterparty Fixed Obligation % to receive or (pay)/ Floating rate index/Maturity date | Expiration date/strike | Notional/ Contract Amount | Premium receivable/ (payable) | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- |
| Bank of America N.A. 2.2275/3 month USD-LIBOR-BBA/May-24 (Purchased) | May-22/2.2275 | USD 12,132,500 | USD (111,922) | USD 140,737 | 0.12 |
| 1.304/6 month EUR-EURIBOR-Reuters/Jun-54 (Purchased) | Jun-24/1.304 | EUR 1,025,800 | (166,241) | 137,529 | 0.12 |
| 2.17/3 month USD-LIBOR-BBA/Apr-34 (Purchased) | Apr-24/2.17 | USD 7,813,500 | (377,392) | 107,436 | 0.09 |
| (0.925)/3 month USD-LIBOR-BBA/Mar-40 (Purchased) | Mar-30/0.925 | 2,160,200 | (154,670) | 102,782 | 0.09 |
| (0.305)/3 month USD-LIBOR-BBA/May-23 (Purchased) | May-22/0.305 | 15,704,500 | (18,845) | 66,744 | 0.06 |
| 1.053/6 month EUR-EURIBOR-Reuters/Jun-54 (Purchased) | Jun-24/1.053 | EUR 542,450 | (123,718) | 65,105 | 0.06 |
| (0.85)/3 month USD-LIBOR-BBA/Mar-40 (Purchased) | Mar-30/0.85 | USD 1,100,100 | (80,307) | 55,929 | 0.05 |
| 2.29/3 month USD-LIBOR-BBA/Mar-34 (Purchased) | Mar-24/2.29 | 2,734,700 | (134,508) | 54,366 | 0.05 |
| (1.275)/3 month USD-LIBOR-BBA/Mar-50 (Purchased) | Mar-30/1.275 | 947,100 | (123,360) | 33,366 | 0.03 |
| 2.35/3 month USD-LIBOR-BBA/Apr-56 (Purchased) | Apr-26/2.35 | 414,500 | (53,885) | 32,675 | 0.03 |
| (1.76)/3 month USD-LIBOR-BBA/Jan-29 (Purchased) | Jan-28/1.76 | 9,669,500 | (62,489) | 8,509 | 0.01 |
| 1.76/3 month USD-LIBOR-BBA/Jan-29 (Purchased) | Jan-28/1.76 | 9,669,500 | (62,489) | 7,059 | 0.01 |
| 1.3925/3 month USD-LIBOR-BBA/Dec-25 (Purchased) | Dec-23/1.3925 | 16,727,100 | (153,053) | (4,684) | - |

| Counterparty Fixed Obligation % to receive or (pay)/ Floating rate index/Maturity date | Expiration date/strike | Notional/ Contract Amount | Premium receivable/ (payable) | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- |
| Bank of America N.A.  cont. (1.3925)/3 month USD-LIBOR-BBA/Dec-25 (Purchased) | Dec-23/1.3925 | USD 16,727,100 | USD (153,053) | USD (5,854) | (0.01) |
| 1.39/3 month USD-LIBOR-BBA/Dec-26 (Purchased) | Dec-24/1.39 | 9,566,200 | (110,011) | (7,462) | (0.01) |
| (1.39)/3 month USD-LIBOR-BBA/Dec-26 (Purchased) | Dec-24/1.39 | 9,566,200 | (110,011) | (7,749) | (0.01) |
| (2.3075)/3 month USD-LIBOR-BBA/Jun-52 (Purchased) | Jun-22/2.3075 | 710,300 | (16,070) | (8,531) | (0.01) |
| (2.35)/3 month USD-LIBOR-BBA/Apr-56 (Purchased) | Apr-26/2.35 | 414,500 | (53,885) | (23,805) | (0.02) |
| (1.053)/6 month EUR-EURIBOR-Reuters/Jun-54 (Purchased) | Jun-24/1.053 | EUR 542,450 | (123,718) | (29,069) | (0.02) |
| (2.2875)/3 month USD-LIBOR-BBA/May-32 (Purchased) | May-22/2.2875 | USD 3,140,900 | (40,832) | (32,320) | (0.03) |
| (1.304)/6 month EUR-EURIBOR-Reuters/Jun-54 (Purchased) | Jun-24/1.304 | EUR 1,025,800 | (83,121) | (38,657) | (0.03) |
| 0.85/3 month USD-LIBOR-BBA/Mar-40 (Purchased) | Mar-30/0.85 | USD 1,100,100 | (80,307) | (43,839) | (0.04) |
| (2.485)/3 month USD-LIBOR-BBA/Oct-54 (Purchased) | Oct-24/2.485 | 3,286,400 | (198,334) | (46,470) | (0.04) |
| 1.275/3 month USD-LIBOR-BBA/Mar-50 (Purchased) | Mar-30/1.275 | 947,100 | (123,360) | (49,410) | (0.04) |
| 0.925/3 month USD-LIBOR-BBA/Mar-40 (Purchased) | Mar-30/0.925 | 2,160,200 | (154,670) | (79,798) | (0.07) |
| (2.2275)/3 month USD-LIBOR-BBA/May-24 (Purchased) | May-22/2.2275 | 12,132,500 | (111,922) | (108,222) | (0.09) |
| 2.3075/3 month USD-LIBOR-BBA/Jun-52 (Purchased) | Jun-22/2.3075 | 710,300 | (333,966) | (230,279) | (0.20) |
| 2.415/3 month USD-LIBOR-BBA/Oct-33 (Written) | Oct-23/2.415 | 10,188,000 | 215,222 | 45,438 | 0.04 |
| 1.7875/3 month USD-LIBOR-BBA/May-32 (Written) | May-22/1.7875 | 1,570,400 | 43,971 | 25,896 | 0.02 |
| (1.115)/3 month USD-LIBOR-BBA/Jan-26 (Written) | Jan-25/1.115 | 9,669,500 | 40,733 | 11,120 | 0.01 |
| (1.6125)/3 month USD-LIBOR-BBA/Dec-41 (Written) | Dec-31/1.6125 | 1,798,200 | 133,516 | 9,692 | 0.01 |
| 1.6125/3 month USD-LIBOR-BBA/Dec-41 (Written) | Dec-31/1.6125 | 1,798,200 | 133,516 | (3,021) | - |
| (1.29)/3 month USD-LIBOR-BBA/Mar-34 (Written) | Mar-24/1.29 | 3,906,800 | 60,946 | (19,651) | (0.02) |
| (1.085)/3 month USD-LIBOR-BBA/Apr-34 (Written) | Apr-24/1.085 | 15,627,100 | 214,482 | (34,536) | (0.03) |
| 1.115/3 month USD-LIBOR-BBA/Jan-26 (Written) | Jan-25/1.115 | 9,669,500 | 40,733 | (37,324) | (0.03) |
| 0.805/3 month USD-LIBOR-BBA/May-23 (Written) | May-22/0.805 | 31,408,900 | 10,208 | (42,402) | (0.04) |
| Citibank, N.A. (1.529)/3 month USD-LIBOR-BBA/Sep-32 (Purchased) | Sep-22/1.529 | 10,438,000 | (277,444) | 53,129 | 0.04 |
| 2.427/3 month USD-LIBOR-BBA/Jun-41 (Purchased) | Jun-31/2.427 | 981,000 | (71,466) | 19,689 | 0.02 |
| (1.102)/3 month USD-LIBOR-BBA/Nov-32 (Purchased) | Nov-22/1.102 | 481,400 | (15,296) | 15,516 | 0.01 |
| 1.90/3 month USD-LIBOR-BBA/Jun-28 (Purchased) | Jun-26/1.90 | 5,207,500 | (69,416) | 8,228 | 0.01 |
| 1.625/3 month USD-LIBOR-BBA/Jan-61 (Purchased) | Jan-41/1.625 | 762,000 | (112,395) | 6,706 | 0.01 |
| (1.752)/3 month USD-LIBOR-BBA/Dec-31 (Purchased) | Dec-26/1.752 | 8,655,200 | (282,160) | 173 | - |
| (2.194)/3 month USD-LIBOR-BBA/Sep-52 (Purchased) | Sep-22/2.194 | 1,285,200 | (31,523) | (2,043) | - |
| (1.37)/3 month USD-LIBOR-BBA/Mar-32 (Purchased) | Mar-22/1.37 | 8,226,300 | (122,572) | (4,195) | - |
| (1.625)/3 month USD-LIBOR-BBA/Jan-61 (Purchased) | Jan-41/1.625 | 762,000 | (112,395) | (8,374) | (0.01) |
| 1.37/3 month USD-LIBOR-BBA/Mar-32 (Purchased) | Mar-22/1.37 | 8,226,300 | (122,572) | (8,967) | (0.01) |
| (1.90)/3 month USD-LIBOR-BBA/Jun-28 (Purchased) | Jun-26/1.90 | 5,207,500 | (69,416) | (9,894) | (0.01) |
| 1.102/3 month USD-LIBOR-BBA/Nov-32 (Purchased) | Nov-22/1.102 | 481,400 | (15,296) | (11,703) | (0.01) |
| (2.427)/3 month USD-LIBOR-BBA/Jun-41 (Purchased) | Jun-31/2.427 | 981,000 | (71,466) | (17,570) | (0.02) |
| 1.752/3 month USD-LIBOR-BBA/Dec-31 (Purchased) | Dec-26/1.752 | 8,655,200 | (282,160) | (19,907) | (0.02) |
| (1.245)/3 month USD-LIBOR-BBA/Aug-24 (Written) | Aug-22/1.245 | 8,492,800 | 77,709 | 45,521 | 0.04 |
| 1.245/3 month USD-LIBOR-BBA/Aug-24 (Written) | Aug-22/1.245 | 8,492,800 | 77,709 | 27,602 | 0.02 |
| (1.194)/3 month USD-LIBOR-BBA/Jun-25 (Written) | Jun-23/1.194 | 5,207,500 | 39,473 | 19,841 | 0.02 |
| (1.177)/3 month USD-LIBOR-BBA/Jul-40 (Written) | Jul-30/1.177 | 421,600 | 31,957 | 14,246 | 0.01 |
| 1.918/3 month USD-LIBOR-BBA/Jan-51 (Written) | Jan-31/1.918 | 917,200 | 109,697 | 6,375 | 0.01 |
| (1.918)/3 month USD-LIBOR-BBA/Jan-51 (Written) | Jan-31/1.918 | 917,200 | 109,697 | (5,026) | - |
| 1.177/3 month USD-LIBOR-BBA/Jul-40 (Written) | Jul-30/1.177 | 421,600 | 31,957 | (12,627) | (0.01) |
| 1.194/3 month USD-LIBOR-BBA/Jun-25 (Written) | Jun-23/1.194 | 5,207,500 | 39,473 | (22,444) | (0.02) |
| 1.7075/3 month USD-LIBOR-BBA/Sep-27 (Written) | Sep-22/1.7075 | 6,169,200 | 32,697 | (26,034) | (0.02) |
| 1.849/3 month USD-LIBOR-BBA/Sep-32 (Written) | Sep-22/1.849 | 20,876,000 | 313,963 | (50,520) | (0.04) |

| Counterparty Fixed Obligation % to receive or (pay)/ Floating rate index/Maturity date | Expiration date/strike | Notional/ Contract Amount | Premium receivable/ (payable) | Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- |
| Goldman Sachs International (-0.197)/6 month EUR-EURIBOR-Reuters/Jun-25 (Purchased) | Jun-23/-0.197 | EUR 7,311,800 | USD (32,485) | USD 43,454 | 0.04 |
| 2.8175/3 month USD-LIBOR-BBA/Mar-47 (Purchased) | Mar-27/2.8175 | USD 329,100 | (41,549) | 25,068 | 0.02 |
| 1.727/3 month USD-LIBOR-BBA/Jan-55 (Purchased) | Jan-25/1.727 | 471,900 | (43,273) | 6,677 | 0.01 |
| -0.197/6 month EUR-EURIBOR-Reuters/Jun-25 (Purchased) | Jun-23/-0.197 | EUR 7,311,800 | (32,485) | (13,069) | (0.01) |
| (1.557)/3 month USD-LIBOR-BBA/Feb-32 (Purchased) | Feb-22/1.557 | USD 5,513,400 | (76,636) | (13,673) | (0.01) |
| (1.727)/3 month USD-LIBOR-BBA/Jan-55 (Purchased) | Jan-25/1.727 | 471,900 | (70,549) | (15,842) | (0.01) |
| (1.7355)/3 month USD-LIBOR-BBA/Feb-32 (Purchased) | Feb-22/1.7355 | 2,761,700 | (42,437) | (25,242) | (0.02) |
| (2.8175)/3 month USD-LIBOR-BBA/Mar-47 (Purchased) | Mar-27/2.8175 | 329,100 | (41,549) | (25,515) | (0.02) |
| 1.557/3 month USD-LIBOR-BBA/Feb-32 (Purchased) | Feb-22/1.557 | 5,513,400 | (76,636) | (32,088) | (0.03) |
| 1.9555/3 month USD-LIBOR-BBA/Feb-32 (Written) | Feb-22/1.9555 | 5,523,500 | 41,758 | 29,606 | 0.03 |
| (0.555)/6 month EUR-EURIBOR-Reuters/Mar-40 (Written) | Mar-30/0.555 | EUR 900,100 | 135,926 | 17,441 | 0.01 |
| (1.71)/3 month USD-LIBOR-BBA/Dec-56 (Written) | Dec-26/1.71 | USD 918,400 | 124,351 | 6,576 | 0.01 |
| 1.71/3 month USD-LIBOR-BBA/Dec-56 (Written) | Dec-26/1.71 | 918,400 | 124,351 | (377) | - |
| 2.41/3 month USD-LIBOR-BBA/Aug-33 (Written) | Aug-23/2.41 | 2,448,000 | 35,741 | (2,840) | - |
| (0.26)/6 month EUR-EURIBOR-Reuters/Jun-28 (Written) | Jun-26/0.26 | EUR 7,311,800 | 81,539 | (6,243) | (0.01) |
| 2.07/3 month USD-LIBOR-BBA/Aug-33 (Written) | Aug-23/2.07 | USD 2,438,200 | 50,471 | (8,290) | (0.01) |
| 0.555/6 month EUR-EURIBOR-Reuters/Mar-40 (Written) | Mar-30/0.555 | EUR 900,100 | 135,926 | (9,725) | (0.01) |
| 0.26/6 month EUR-EURIBOR-Reuters/Jun-28 (Written) | Jun-26/0.26 | 7,311,800 | 81,539 | (24,224) | (0.02) |
| JPMorgan Chase Bank N.A. 1.921/6 month EUR-EURIBOR-Reuters/Oct-48 (Purchased) | Oct-28/1.921 | 1,172,900 | (149,995) | 223,791 | 0.18 |
| 2.8325/3 month USD-LIBOR-BBA/Feb-52 (Purchased) | Feb-22/2.8325 | USD 1,645,700 | (229,781) | 210,024 | 0.18 |
| (0.5825)/3 month USD-LIBOR-BBA/Oct-23 (Purchased) | Oct-22/0.5825 | 46,058,200 | (78,299) | 209,565 | 0.18 |
| (1.445)/6 month AUD-BBR-BBSW/Mar-40 (Purchased) | Mar-30/1.445 | AUD 1,000,100 | (37,489) | 28,188 | 0.02 |
| (1.441)/6 month AUD-BBR-BBSW/Jul-45 (Purchased) | Jul-25/1.441 | 479,100 | (28,335) | 24,013 | 0.02 |
| 2.032/3 month USD-LIBOR-BBA/Jan-55 (Purchased) | Jan-25/2.032 | USD 761,400 | (87,942) | 22,987 | 0.02 |
| 2.495/6 month AUD-BBR-BBSW/Nov-46 (Purchased) | Nov-26/2.495 | AUD 924,500 | (57,493) | 17,811 | 0.02 |
| (1.692)/6 month AUD-BBR-BBSW/Jan-35 (Purchased) | Jan-25/1.692 | 664,600 | (20,735) | 15,400 | 0.01 |
| (1.805)/3 month USD-LIBOR-BBA/Dec-36 (Purchased) | Dec-26/1.805 | USD 967,600 | (57,379) | 997 | - |
| (1.6875)/3 month USD-LIBOR-BBA/Mar-23 (Purchased) | Mar-22/1.6875 | 6,633,000 | (11,608) | (1,791) | - |
| 1.805/3 month USD-LIBOR-BBA/Dec-36 (Purchased) | Dec-26/1.805 | 967,600 | (57,379) | (5,235) | - |
| (2.495)/6 month AUD-BBR-BBSW/Nov-46 (Purchased) | Nov-26/2.495 | AUD 924,500 | (57,493) | (7,843) | (0.01) |
| 1.692/6 month AUD-BBR-BBSW/Jan-35 (Purchased) | Jan-25/1.692 | 664,600 | (20,735) | (11,416) | (0.01) |
| 1.441/6 month AUD-BBR-BBSW/Jul-45 (Purchased) | Jul-25/1.441 | 479,100 | (28,335) | (19,074) | (0.02) |
| 1.445/6 month AUD-BBR-BBSW/Mar-40 (Purchased) | Mar-30/1.445 | 1,000,100 | (37,489) | (21,407) | (0.02) |
| (2.032)/3 month USD-LIBOR-BBA/Jan-55 (Purchased) | Jan-25/2.032 | USD 761,400 | (87,942) | (24,502) | (0.02) |
| (1.921)/6 month EUR-EURIBOR-Reuters/Oct-48 (Purchased) | Oct-28/1.921 | EUR 1,172,900 | (149,995) | (99,590) | (0.09) |
| (2.8325)/3 month USD-LIBOR-BBA/Feb-52 (Purchased) | Feb-22/2.8325 | USD 1,645,700 | (229,781) | (229,723) | (0.20) |
| (1.232)/3 month USD-LIBOR-BBA/Jun-37 (Written) | Jun-27/1.232 | 1,351,900 | 86,860 | 40,084 | 0.03 |
| (1.204)/3 month USD-LIBOR-BBA/Jun-40 (Written) | Jun-30/1.204 | 1,072,000 | 79,918 | 34,304 | 0.03 |
| (1.168)/3 month USD-LIBOR-BBA/Jun-37 (Written) | Jun-27/1.168 | 840,400 | 54,080 | 26,498 | 0.02 |
| 2.50/6 month AUD-BBR-BBSW/Nov-42 (Written) | Nov-22/2.50 | AUD 573,200 | 20,690 | 7,031 | 0.01 |
| 1.8875/3 month USD-LIBOR-BBA/Mar-23 (Written) | Mar-22/1.8875 | USD 6,633,000 | 6,301 | 862 | - |
| 2.0875/3 month USD-LIBOR-BBA/Mar-23 (Written) | Mar-22/2.0875 | 6,633,000 | 3,317 | 332 | - |
| (2.50)/6 month AUD-BBR-BBSW/Nov-42 (Written) | Nov-22/2.50 | AUD 573,200 | 20,690 | (11,744) | (0.01) |
| 1.168/3 month USD-LIBOR-BBA/Jun-37 (Written) | Jun-27/1.168 | USD 840,400 | 54,080 | (26,212) | (0.02) |
| 1.204/3 month USD-LIBOR-BBA/Jun-40 (Written) | Jun-30/1.204 | 1,072,000 | 79,918 | (31,645) | (0.03) |
| 1.232/3 month USD-LIBOR-BBA/Jun-37 (Written) | Jun-27/1.232 | 1,351,900 | 86,860 | (37,204) | (0.03) |
| 1.0325/3 month USD-LIBOR-BBA/Oct-23 (Written) | Oct-22/1.0325 | 46,058,200 | 27,635 | (116,527) | (0.10) |
| 0.8075/3 month USD-LIBOR-BBA/Oct-23 (Written) | Oct-22/0.8075 | 46,058,200 | 43,755 | (163,967) | (0.14) |

| Counterparty Fixed Obligation % to receive or (pay)/ Floating rate index/Maturity date | Expiration date/strike | Notional/ Contract Amount | Premium receivable/ (payable) | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- |
| Morgan Stanley & Co. International PLC 3.27/3 month USD-LIBOR-BBA/Oct-53 (Purchased) | Oct-23/3.27 | USD 1,135,600 | USD (129,572) | USD 285,717 | 0.23 |
| (3.27)/3 month USD-LIBOR-BBA/Oct-53 (Purchased) | Oct-23/3.27 | 1,135,600 | (129,572) | (116,161) | (0.10) |
| 2.39/3 month USD-LIBOR-BBA/Jun-34 (Written) | Jun-24/2.39 | 3,945,300 | 207,720 | 116,347 | 0.10 |
| (2.39)/3 month USD-LIBOR-BBA/Jun-34 (Written) | Jun-24/2.39 | 3,945,300 | 207,720 | (94,963) | (0.08) |
| Toronto-Dominion Bank (1.50)/3 month USD-LIBOR-BBA/Feb-33 (Purchased) | Feb-23/1.50 | 3,196,500 | (109,880) | 20,138 | 0.02 |
| 2.405/3 month USD-LIBOR-BBA/Mar-41 (Purchased) | Mar-31/2.405 | 380,900 | (26,568) | 8,098 | 0.01 |
| 1.937/3 month USD-LIBOR-BBA/Feb-36 (Purchased) | Feb-26/1.937 | 1,278,600 | (66,871) | 5,945 | 0.01 |
| (1.937)/3 month USD-LIBOR-BBA/Feb-36 (Purchased) | Feb-26/1.937 | 1,278,600 | (66,871) | (3,721) | - |
| (2.405)/3 month USD-LIBOR-BBA/Mar-41 (Purchased) | Mar-31/2.405 | 380,900 | (26,568) | (5,752) | - |
| 1.50/3 month USD-LIBOR-BBA/Feb-33 (Purchased) | Feb-23/1.50 | 3,196,500 | (109,880) | (48,075) | (0.04) |
| 2.095/3 month USD-LIBOR-BBA/Feb-56 (Written) | Feb-26/2.095 | 552,300 | 72,627 | 22,423 | 0.02 |
| 1.775/3 month USD-LIBOR-BBA/Mar-32 (Written) | Mar-22/1.775 | 990,200 | 26,983 | 20,794 | 0.02 |
| (1.775)/3 month USD-LIBOR-BBA/Mar-32 (Written) | Mar-22/1.775 | 990,200 | 26,983 | 5,090 | - |
| (2.095)/3 month USD-LIBOR-BBA/Feb-56 (Written) | Feb-26/2.095 | 552,300 | 72,627 | (20,662) | (0.02) |
| UBS AG (0.271)/6 month EUR-EURIBOR-Reuters/Jan-36 (Purchased) | Jan-26/0.271 | EUR 2,047,200 | (107,072) | 64,282 | 0.05 |
| (0.44)/6 month EUR-EURIBOR-Reuters/Feb-41 (Purchased) | Feb-31/0.44 | 1,535,400 | (120,455) | 40,607 | 0.03 |
| (0.45)/6 month EUR-EURIBOR-Reuters/Jan-41 (Purchased) | Jan-31/0.45 | 1,228,300 | (96,624) | 31,450 | 0.03 |
| (0.8925)/3 month USD-LIBOR-BBA/Apr-28 (Purchased) | Apr-23/0.8925 | USD 1,583,900 | (33,579) | 28,938 | 0.02 |
| (0.902)/3 month USD-LIBOR-BBA/Apr-35 (Purchased) | Apr-25/0.902 | 633,600 | (35,450) | 28,018 | 0.02 |
| (0.87)/3 month USD-LIBOR-BBA/Apr-28 (Purchased) | Apr-27/0.87 | 5,279,600 | (35,611) | 24,603 | 0.02 |
| (0.983)/3 month USD-LIBOR-BBA/Apr-32 (Purchased) | Apr-30/0.983 | 2,111,800 | (33,472) | 18,901 | 0.02 |
| (0.296)/6 month EUR-EURIBOR-Reuters/Jan-51 (Purchased) | Jan-31/0.296 | EUR 511,800 | (77,443) | 18,856 | 0.02 |
| 1.175/6 month GBP-LIBOR-BBA/Jan-40 (Purchased) | Jan-30/1.175 | GBP 949,400 | (86,305) | 6,053 | 0.01 |
| (0.762)/6 month GBP-LIBOR-BBA/Aug-39 (Purchased) | Aug-29/0.762 | 406,500 | (37,490) | 5,134 | - |
| 1.87/3 month USD-LIBOR-BBA/Jul-46 (Purchased) | Jul-41/1.87 | USD 1,464,000 | (68,076) | 3,089 | - |
| (1.175)/6 month GBP-LIBOR-BBA/Jan-40 (Purchased) | Jan-30/1.175 | GBP 949,400 | (86,305) | (77) | - |
| 2.00/6 month AUD-BBR-BBSW/Sep-46 (Purchased) | Sep-36/2.00 | AUD 905,800 | (48,211) | (685) | - |
| (2.00)/6 month AUD-BBR-BBSW/Sep-46 (Purchased) | Sep-36/2.00 | 905,800 | (48,211) | (791) | - |
| (1.87)/3 month USD-LIBOR-BBA/Jul-46 (Purchased) | Jul-41/1.87 | USD 1,464,000 | (68,076) | (4,172) | - |
| (1.715)/3 month USD-LIBOR-BBA/Feb-53 (Purchased) | Feb-23/1.715 | 639,300 | (57,697) | (7,825) | (0.01) |
| 0.32/6 month EUR-EURIBOR-Reuters/Sep-52 (Purchased) | Sep-22/0.32 | EUR 1,811,600 | (110,117) | (11,612) | (0.01) |
| 0.762/6 month GBP-LIBOR-BBA/Aug-39 (Purchased) | Aug-29/0.762 | GBP 406,500 | (37,490) | (12,330) | (0.01) |
| 0.296/6 month EUR-EURIBOR-Reuters/Jan-51 (Purchased) | Jan-31/0.296 | EUR 511,800 | (77,443) | (14,585) | (0.01) |
| 0.983/3 month USD-LIBOR-BBA/Apr-32 (Purchased) | Apr-30/0.983 | USD 2,111,800 | (33,472) | (14,593) | (0.01) |
| 1.715/3 month USD-LIBOR-BBA/Feb-53 (Purchased) | Feb-23/1.715 | 639,300 | (57,697) | (15,804) | (0.01) |
| 0.87/3 month USD-LIBOR-BBA/Apr-28 (Purchased) | Apr-27/0.87 | 5,279,600 | (35,611) | (18,162) | (0.02) |
| 0.45/6 month EUR-EURIBOR-Reuters/Jan-41 (Purchased) | Jan-31/0.45 | EUR 1,228,300 | (96,624) | (18,949) | (0.02) |
| 0.44/6 month EUR-EURIBOR-Reuters/Feb-41 (Purchased) | Feb-31/0.44 | 1,535,400 | (120,455) | (24,088) | (0.02) |
| 0.902/3 month USD-LIBOR-BBA/Apr-35 (Purchased) | Apr-25/0.902 | USD 633,600 | (35,450) | (24,273) | (0.02) |
| 0.8925/3 month USD-LIBOR-BBA/Apr-28 (Purchased) | Apr-23/0.8925 | 1,583,900 | (33,579) | (27,560) | (0.02) |
| 0.271/6 month EUR-EURIBOR-Reuters/Jan-36 (Purchased) | Jan-26/0.271 | EUR 2,047,200 | (107,072) | (31,092) | (0.03) |
| (0.958)/3 month USD-LIBOR-BBA/May-30 (Written) | May-25/0.958 | USD 1,267,100 | 33,673 | 19,019 | 0.02 |
| (0.43)/6 month EUR-EURIBOR-Reuters/Aug-39 (Written) | Aug-29/0.43 | EUR 378,100 | 30,312 | 11,605 | 0.01 |
| (0.16)/6 month EUR-EURIBOR-Reuters/Sep-52 (Written) | Sep-22/0.16 | 1,811,600 | 72,468 | 4,971 | - |
| (0.00)/6 month EUR-EURIBOR-Reuters/Sep-52 (Written) | Sep-22/0.00 | 1,811,600 | 46,976 | 1,093 | - |
| 0.43/6 month EUR-EURIBOR-Reuters/Aug-39 (Written) | Aug-29/0.43 | 378,100 | 30,312 | (4,925) | - |
| 0.958/3 month USD-LIBOR-BBA/May-30 (Written) | May-25/0.958 | USD 1,267,100 | 33,673 | (26,457) | (0.02) |

| Counterparty Fixed Obligation % to receive or (pay)/ Floating rate index/Maturity date | Expiration date/strike | Notional/ Contract Amount | Premium receivable/ (payable) | Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- |
| Wells Fargo Bank, N.A. |  |  |  |  |  |
| (1.405)/3 month USD-LIBOR-BBA/Feb-29 (Purchased) | Feb-24/1.405 | USD 4,475,200 | USD (91,630) | USD 35,265 | 0.03 |
| 2.16/3 month USD-LIBOR-BBA/Feb-35 (Purchased) | Feb-25/2.16 | 1,891,100 | (94,319) | 29,199 | 0.02 |
| (1.3875)/3 month USD-LIBOR-BBA/Feb-29 (Purchased) | Feb-24/1.3875 | 3,196,500 | (65,608) | 26,531 | 0.02 |
| 1.96/3 month USD-LIBOR-BBA/Jan-41 (Purchased) | Jan-31/1.96 | 1,455,500 | (98,537) | 2,765 | - |
| (1.96)/3 month USD-LIBOR-BBA/Jan-41 (Purchased) | Jan-31/1.96 | 1,455,500 | (98,537) | 2,416 | - |
| 1.3875/3 month USD-LIBOR-BBA/Feb-29 (Purchased) | Feb-24/1.3875 | 3,196,500 | (65,608) | (19,403) | (0.02) |
| 1.405/3 month USD-LIBOR-BBA/Feb-29 (Purchased) | Feb-24/1.405 | 4,475,200 | (91,630) | (25,374) | (0.02) |
| (2.16)/3 month USD-LIBOR-BBA/Feb-35 (Purchased) | Feb-25/2.16 | 1,891,100 | (94,319) | (28,480) | (0.02) |
| Unrealised Appreciation on Forward Premium Swap Option Contracts Outstanding |  |  | USD 2,999,465 | 2.56 |
| Unrealised Depreciation on Forward Premium Swap Option Contracts Outstanding |  |  | USD (2,657,966) | (2.27) |
| Net Unrealised Appreciation on Forward Premium Swap Option Contracts Outstanding |  |  | USD 341,499 | 0.29 |
| FUTURES CONTRACTS OUTSTANDING (-0.08%) (30 June 2021: -0.03%) |  |  |  |  |
| Number of	Notional |  | Expiration | Unrealised Appreciation/ (Depreciation) | % of |
| Contracts	Amount | Value | Date | USD | Fund |
| U.S. Treasury Note 2 yr (Short)	254  USD 55,415,657 | USD 55,415,657 | Mar-22 | USD 50,320 | 0.04 |
| U.S. Treasury Note Ultra 10 yr (Short)	58	8,493,375 | 8,493,375 | Mar-22 | (141,375) | (0.12) |
| Unrealised Appreciation on Futures Contracts Outstanding |  |  | USD 50,320 | 0.04 |
| Unrealised Depreciation on Futures Contracts Outstanding |  |  | USD (141,375) | (0.12) |
| Net Unrealised Depreciation on Futures Contracts Outstanding |  |  | USD (91,055) | (0.08) |
| Variation Margin Settlement to Date |  |  | USD - | - |
| Cumulative Unrealised Depreciation less Variation Margin Settlement to Date |  |  | USD (91,055) | (0.08) |
| The Broker for Futures Contracts in the Fund is JPMorgan Securities Incorporated. |  |  |  |  |
| TBA SALES COMMITMENTS OUTSTANDING (-26.35%) (30 June 2021: -21.24%) |  |  |  |  |
| Principal | Coupon | Settlement | Value | % of |
| Amount Agency | Rate % | Dates | USD | Fund |
| USD 2,000,000 Uniform Mortgage Backed Securities | 6.00 | 13/01/2022 | USD (2,160,614) | (1.85) |
| 2,000,000 Uniform Mortgage Backed Securities | 5.50 | 13/01/2022 | (2,163,753) | (1.85) |
| 7,000,000 Uniform Mortgage Backed Securities | 3.50 | 13/01/2022 | (7,371,876) | (6.30) |
| 4,000,000 Uniform Mortgage Backed Securities | 3.00 | 13/01/2022 | (4,145,469) | (3.54) |
| 1,000,000 Uniform Mortgage Backed Securities | 2.50 | 13/01/2022 | (1,021,094) | (0.87) |
| 14,000,000 Uniform Mortgage Backed Securities | 2.00 | 13/01/2022 | (13,966,313) | (11.94) |

Total TBA Sales Commitments Outstanding	USD (30,829,119)	(26.35)
CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS OUTSTANDING (-0.02%) (30 June 2021: -0.04%)
Upfront
Unrealised
Premium
Payments
Payments
Appreciation/
received/
Termination
made by
received by (Depreciation)
% of
| Notional Amount | Value | (paid) | Date | Fund | Fund | USD | Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| USD 2,155,000 | USD 7,801 (E) | USD (3,874) | 16/03/2032 | Secured Overnight Financing Rate - Annually | 1.385% - Annually | USD 3,927 | - |
| 49,074,000 | 29,935 (E) | (26,283) | 16/03/2024 | Secured Overnight Financing Rate - Annually | 0.90% - Annually | 3,652 | - |
| 86,621,000 | 341,287 (E) | 389,411 | 16/03/2027 | 1.25% - Annually | Secured Overnight Financing Rate - Annually | 48,124 | 0.05 |
| 18,304,000 | 92,252 (E) | (114,617) | 16/03/2032 | Secured Overnight Financing Rate - Annually | 1.40% - Annually | (22,364) | (0.02) |
| 3,038,000 | 101,986 (E) | (111,327) | 16/03/2052 | Secured Overnight Financing Rate - Annually | 1.60% - Annually | (9,341) | (0.01) |
| 5,928,000 | 4,268 | 286 | 23/12/2023 | 0.695% - Annually | Secured Overnight Financing Rate - Annually | 3,590 | - |
| 3,090,000 | 4,017 | 266 | 23/12/2026 | 1.085% - Annually | Secured Overnight Financing Rate - Annually | 3,479 | - |
| 1,619,000 | 4,177 | (421) | 23/12/2031 | Secured Overnight Financing Rate - Annually | 1.285% - Annually | (4,096) | - |

CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS OUTSTANDING (-0.02%) (30 June 2021: -0.04%) cont.
| Notional Amount | Value | Upfront Premium received/ (paid) | Termination Date | Payments made by Fund | Payments received by Fund | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| USD 199,000 | USD 754 | USD (354) | 23/12/2051 | Secured Overnight Financing Rate - Annually | 1.437% - Annually | USD (1,039) | - |
| 8,059,000 | 5,480 | (820) | 24/12/2023 | 0.697% - Annually | Secured Overnight Financing Rate - Annually | 3,497 | - |
| 1,414,000 | 1,089 | (189) | 24/12/2026 | 1.096% - Annually | Secured Overnight Financing Rate - Annually | 570 | - |
| 2,478,000 | 6,418 | (1,106) | 24/12/2031 | 1.285% - Annually | Secured Overnight Financing Rate - Annually | 4,630 | - |
| 2,952,000 | 12,635 | (1,595) | 24/12/2051 | 1.435% - Annually | Secured Overnight Financing Rate - Annually | 10,129 | 0.01 |
| 3,720,000 | 15,140 | (49) | 30/12/2031 | 1.27% - Annually | Secured Overnight Financing Rate - Annually | 14,834 | 0.01 |
| 984,000 | 1,702 | (13) | 31/12/2031 | 1.331% - Annually | Secured Overnight Financing Rate - Annually | (1,752) | - |
| 8,212,100 | 13,304 (E) | (109) | 07/01/2032 | Secured Overnight Financing Rate - Annually | 1.333% - Annually | 13,195 | 0.01 |
| 366,000 | 6,518 | (60) | 31/12/2051 | 1.525% - Annually | Secured Overnight Financing Rate - Annually | (6,593) | (0.01) |
| 1,092,000 | 1,190 | (145) | 31/12/2026 | Secured Overnight Financing Rate - Annually | 1.135% - Annually | 1,080 | - |
| 975,000 | 3,910 | 356 | 31/12/2031 | Secured Overnight Financing Rate - Annually | 1.355% - Annually | 4,302 | - |
| 2,505,000 | 2,430 | (20) | 03/01/2027 | 1.135% - Annually | Secured Overnight Financing Rate - Annually | (2,450) | - |
| AUD 38,000 | 1,546 (E) | - | 30/01/2035 | 1.692% - Semiannually | 6 month AUD-BBR-BBSW - Semiannually | 1,546 | - |
| 127,300 | 6,983 (E) | (1) | 05/03/2035 | 1.47% - Semiannually | 6 month AUD-BBR-BBSW - Semiannually | 6,982 | 0.01 |
| 47,300 | 2,800 (E) | - | 25/03/2035 | 1.4025% - Semiannually | 6 month AUD-BBR-BBSW - Semiannually | 2,799 | - |
| 80,000 | 4,273 (E) | (1) | 28/03/2040 | 1.445% - Semiannually | 6 month AUD-BBR-BBSW - Semiannually | 4,272 | - |
| 296,000 | 20,513 (E) | (4) | 01/04/2040 | 1.1685% - Semiannually | 6 month AUD-BBR-BBSW - Semiannually | 20,509 | 0.02 |
| 19,200 | 1,816 (E) | - | 02/07/2045 | 1.441% - Semiannually | 6 month AUD-BBR-BBSW - Semiannually | 1,816 | - |
| 900,000 | 4,551 | (10) | 06/04/2031 | 6 month AUD-BBR-BBSW - Semiannually | 1.87% - Semiannually | (1,778) | - |
| 115,000 | 45 (E) | (123) | 16/03/2032 | 6 month AUD-BBR-BBSW - Semiannually | 2.04% - Semiannually | (77) | - |
| CAD 1,021,000 | 5,448 (E) | 2,769 | 16/03/2032 | 3 month CAD-BA-CDOR - Semiannually | 2.08% - Semiannually | 8,217 | 0.01 |
| CHF 1,209,000 | 24,758 (E) | 2,113 | 16/03/2032 | 0.070% plus Swiss Average Rate Overnight - Annually | - | (22,645) | (0.02) |
| EUR 245,400 | 76,466 (E) | (9) | 29/11/2058 | 1.484% - Annually | 6 month EUR-EURIBOR- REUTERS - Semiannually | (76,475) | (0.07) |
| 333,800 | 87,726 | (13) | 19/02/2050 | 6 month EUR-EURIBOR- REUTERS - Semiannually | 1.354% - Annually | 93,093 | 0.09 |
| 369,000 | 87,357 | (14) | 11/03/2050 | 1.267% - Annually | 6 month EUR-EURIBOR- REUTERS - Semiannually | (92,480) | (0.08) |
| 372,500 | 81,871 | (14) | 12/03/2050 | 1.2115% - Annually | 6 month EUR-EURIBOR- REUTERS - Semiannually | (86,831) | (0.07) |
| 465,600 | 88,429 | (18) | 26/03/2050 | 1.113% - Annually | 6 month EUR-EURIBOR- REUTERS - Semiannually | (93,853) | (0.08) |
| 458,800 | 122,531 (E) | (17) | 29/11/2058 | 6 month EUR-EURIBOR- REUTERS - Semiannually | 1.343% - Annually | 122,514 | 0.11 |
| 484,000 | 82,275 | (19) | 19/02/2050 | 1.051% - Annually | 6 month EUR-EURIBOR- REUTERS - Semiannually | (88,595) | (0.07) |
| 355,100 | 61,507 (E) | (14) | 07/06/2054 | 1.054% - Annually | 6 month EUR-EURIBOR- REUTERS - Semiannually | (61,521) | (0.05) |
| 324,200 | 40,465 | (12) | 19/02/2050 | 0.9035% - Annually | 6 month EUR-EURIBOR- REUTERS - Semiannually | (44,210) | (0.04) |

CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS OUTSTANDING (-0.02%) (30 June 2021: -0.04%) cont.
| Notional Amount | Value | Upfront Premium received/ (paid) | Termination Date | Payments made by Fund | Unrealised Payments Appreciation/ received by (Depreciation) Fund	USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- |
| EUR 345,500 | USD 32,172 | USD (13) | 21/02/2050 | 0.80% - Annually | 6 month EUR-EURIBOR- REUTERS - Semiannually USD (35,750) | (0.03) |
| 766,900	6,522 (E)	(29) | 08/08/2054 | 0.49% - Annually	6 month EUR-EURIBOR- |
|  |  |  |  |  | REUTERS - Semiannually | 6,493 | 0.01 |
| 434,000 | 43,210 (E) | (16) | 06/06/2054 | 6 month EUR-EURIBOR- REUTERS - Semiannually | 0.207% - Annually | (43,226) | (0.04) |
| 739,600 | 59,599 | (28) | 19/02/2050 | 0.233% - Annually | 6 month EUR-EURIBOR- REUTERS - Semiannually | 56,123 | 0.05 |
| 2,376,000 | 72,009 | (90) | 19/02/2050 | 6 month EUR-EURIBOR- REUTERS - Semiannually | 0.595% - Annually | 91,787 | 0.08 |
| 304,400 | 37,411 (E) | (11) | 04/03/2054 | 0.134% - Annually | 6 month EUR-EURIBOR- REUTERS - Semiannually | 37,400 | 0.03 |
| 155,500 | 37,236 (E) | (6) | 13/03/2054 | - | 0.2275% plus 6 month EUR- EURIBOR-REUTERS - Semiannually | 37,230 | 0.03 |
| 934,900 | 56,476 (E) | (20) | 13/05/2040 | 6 month EUR-EURIBOR- REUTERS - Semiannually | 0.276% - Annually | (56,496) | (0.05) |
| 391,100 | 21,921 (E) | (9) | 24/06/2040 | 0.315% - Annually | 6 month EUR-EURIBOR- REUTERS - Semiannually | 21,912 | 0.02 |
| 541,200 | 30,432 (E) | (13) | 16/01/2040 | 0.315% - Annually | 6 month EUR-EURIBOR- REUTERS - Semiannually | 30,419 | 0.03 |
| 200,000 | 11,187 (E) | (5) | 28/03/2040 | 0.3175% - Annually | 6 month EUR-EURIBOR- REUTERS - Semiannually | 11,182 | 0.01 |
| 587,500 | 6,080 | (24) | 21/05/2051 | 6 month EUR-EURIBOR- REUTERS - Semiannually | 0.516% - Annually | 8,617 | 0.01 |
| 417,000 | 4,667 | (7) | 14/06/2031 | 0.171% - Annually | 6 month EUR-EURIBOR- REUTERS - Semiannually | 4,077 | - |
| 691,200 | 15,912 | (12) | 15/07/2031 | 0.0675% - Annually | 6 month EUR-EURIBOR- REUTERS - Semiannually | 13,708 | 0.01 |
| 135,900 | 5,378 (E) | (5) | 14/09/2052 | 6 month EUR-EURIBOR- REUTERS - Semiannually | 0.374% - Annually | (5,384) | - |
| 1,356,000 | 28,313 (E) | 6,425 | 16/03/2032 | 6 month EUR-EURIBOR- REUTERS - Semiannually | 0.15% - Annually | (21,890) | (0.02) |
| GBP 337,000 | 8,037 | (7) | 19/05/2031 | Sterling Overnight Index Average - Annually | 0.754% - Annually | (6,032) | (0.01) |
| 7,267,000 | 12,492 (E) | (37) | 15/09/2023 | 1.065% - Annually | Sterling Overnight Index Average - Annually | 12,455 | 0.01 |
| 396,000 | 5,708 (E) | 3,488 | 16/03/2032 | 0.85% - Annually | Sterling Overnight Index Average - Annually | 9,196 | 0.01 |
| JPY 28,500,300 | 19,794 (E) | (8) | 29/08/2043 | 0.8084% - Semiannually | Bank of Japan Unsecured Overnight Call Rate Expected Index - Semiannually | (19,802) | (0.02) |
| 35,578,600 | 8,874 (E) | (10) | 29/08/2043 | 0.2529% - Semiannually | Bank of Japan Unsecured Overnight Call Rate Expected Index - Semiannually | 8,864 | 0.01 |
| 57,338,700 | 184 | (7) | 25/02/2031 | 0.0619% - Semiannually | Bank of Japan Unsecured Overnight Call Rate Expected Index - Semiannually | (212) | - |
| 57,338,700 | 25 | (1) | 25/02/2022 | 6 month JPY-LIBOR-BBA - Semiannually | Bank of Japan Unsecured Overnight Call Rate Expected Index - Semiannually | 41 | - |
| 70,242,200 | 6,809 (E) | (20) | 29/08/2043 | Bank of Japan Unsecured Overnight Call Rate Expected Index - Annually | 0.343% - Annually | (6,829) | (0.01) |
| NOK 9,200,000 | 21,437 (E) | (2,656) | 16/03/2032 | 1.695% - Annually | 6 month NOK-NIBOR-NIBR - Semiannually | 18,780 | 0.02 |

CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS OUTSTANDING (-0.02%) (30 June 2021: -0.04%) cont.
| Notional Amount | Value | Upfront Premium received/ (paid) | Termination Date | Unrealised Payments	Payments Appreciation/ made by	received by (Depreciation) Fund	Fund	USD | % of Fund |
| --- | --- | --- | --- | --- | --- |
| NZD 1,437,000 | USD 7,943 (E) | USD (3,698) | 16/03/2032 | 2.590% - Semiannually	3 month NZD-BBR-FRA - Quarterly	USD 4,244 | - |
| SEK 3,364,000 | 5,372 (E) | (39) | 16/03/2032 | 0.850% - Annually 3 month SEK-STIBOR-SIDE - Quarterly	5,334 | - |
| Unrealised Appreciation on Centrally Cleared Interest Rate Swap Contracts Outstanding | USD 754,619 | 0.65 |
| Unrealised Depreciation on Centrally Cleared Interest Rate Swap Contracts Outstanding | USD (811,721) | (0.70) |
| Net Unrealised Depreciation on Centrally Cleared Interest Rate Swap Contracts Outstanding | USD (57,102) | (0.05) |
| Variation Margin Settlement to Date | USD 34,844 | 0.03 |
| Cumulative Unrealised Depreciation less Variation Margin Settlement to Date | USD (22,258) | (0.02) |
| (E) See Note 2 to the audited annual Financial Statements for the year ended 30 June 2021 regarding extended effective dates. |  |  |
| OTC TOTAL RETURN SWAP CONTRACTS OUTSTANDING (-%) (30 June 2021: -0.03%) |  |  |
| CENTRALLY CLEARED TOTAL RETURN SWAP CONTRACTS OUTSTANDING (-%) (30 June 2021: -%) |  |  |
|  |  | Upfront Premium received/ | Termination | Payments received/(paid) | Total return received by | Unrealised Depreciation | % of |
| Notional Amount | Value | (paid) | Date | by Fund | or paid by Fund | USD | Fund |
| USD 5,848,000 | USD 227,487 | USD (106) | 15/01/2032 | 2.78% - At maturity | USA Non-revised Consumer Price Index- Urban (CPI-U) - At maturity | USD (227,594) | (0.19) |

Unrealised Depreciation on Centrally Cleared Total Return Swap Contracts Outstanding	USD (227,594)	(0.19)
Variation Margin Settlement to Date	USD 232,059	0.19
| Swap Counterparty/ Referenced Debt* | Rating*** | Upfront Premium received/ (paid)** | Notional Amount | Value | Termination Date | Payments received by Fund | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Citigroup Global Markets, Inc CMBX NA A.6 Index | . BBB+/P | USD 4,509 | USD 37,000 | USD 3,622 | 11/05/2063 | 200 bp - Monthly | USD 901 | - |
| CMBX NA A.6 Index | BBB+/P | 4,536 | 38,000 | 3,720 | 11/05/2063 | 200 bp - Monthly | 831 | - |
| CMBX NA A.6 Index | BBB+/P | 4,501 | 38,000 | 3,720 | 11/05/2063 | 200 bp - Monthly | 795 | - |
| CMBX NA A.6 Index | BBB+/P | 6,580 | 56,000 | 5,482 | 11/05/2063 | 200 bp - Monthly | 1,119 | - |
| CMBX NA A.6 Index | BBB+/P | 9,120 | 77,000 | 7,538 | 11/05/2063 | 200 bp - Monthly | 1,611 | - |
| CMBX NA A.6 Index | BBB+/P | 17,588 | 105,000 | 10,280 | 11/05/2063 | 200 bp - Monthly | 7,349 | 0.01 |
| CMBX NA A.6 Index | BBB+/P | 27,376 | 181,000 | 17,720 | 11/05/2063 | 200 bp - Monthly | 9,727 | 0.01 |
| CMBX NA A.6 Index | BBB+/P | 42,061 | 253,000 | 24,769 | 11/05/2063 | 200 bp - Monthly | 17,391 | 0.02 |
| CMBX NA A.6 Index | BBB+/P | 38,080 | 272,000 | 26,629 | 11/05/2063 | 200 bp - Monthly | 11,557 | 0.01 |
| CMBX NA BB.11 Index | BB-/P | 68,930 | 122,000 | 11,163 | 18/11/2054 | 500 bp - Monthly | 57,886 | 0.06 |
| CMBX NA BB.6 Index | B-/P | 60,823 | 407,040 | 179,383 | 11/05/2063 | 500 bp - Monthly | (118,163) | (0.10) |
| CMBX NA BB.7 Index | B/P | 30,008 | 588,000 | 198,215 | 17/01/2047 | 500 bp - Monthly | (167,635) | (0.14) |
| CMBX NA BB.9 Index | B/P | 407 | 2,000 | 462 | 17/09/2058 | 500 bp - Monthly | (53) | - |
| CMBX NA BB.9 Index | B/P | 15,317 | 75,000 | 17,318 | 17/09/2058 | 500 bp - Monthly | (1,928) | - |
| CMBX NA BBB-.10 Index | BB+/P | 5,455 | 50,000 | 4,470 | 17/11/2059 | 300 bp - Monthly | 1,014 | - |
| CMBX NA BBB-.12 Index | BBB-/P | 959 | 23,000 | 1,187 | 17/08/2061 | 300 bp - Monthly | (214) | - |
| CMBX NA BBB-.12 Index | BBB-/P | 3,889 | 66,000 | 3,406 | 17/08/2061 | 300 bp - Monthly | 522 | - |
| CMBX NA BBB-.12 Index | BBB-/P | 21,559 | 136,000 | 7,018 | 17/08/2061 | 300 bp - Monthly | 14,620 | 0.01 |
| Credit Suisse International CMBX NA BB.7 Index | B/P | 14,446 | 108,000 | 36,407 | 17/01/2047 | 500 bp - Monthly | (21,856) | (0.02) |
| CMBX NA BBB-.7 Index | BB-/P | 21,879 | 296,000 | 59,437 | 17/01/2047 | 300 bp - Monthly | (37,385) | (0.03) |

Cumulative Unrealised Appreciation less Variation Margin Settlement to Date	USD 4,465	- OTC CREDIT DEFAULT CONTRACTS OUTSTANDING - PROTECTION SOLD (-0.27%) (30 June 2021: -0.19%)
OTC CREDIT DEFAULT CONTRACTS OUTSTANDING - PROTECTION SOLD (-0.27%) (30 June 2021: -0.19%) cont.
| Swap Counterparty/ Referenced Debt* | Rating*** | Upfront Premium received/ (paid)** | Notional Amount | Value | Termination Date | Payments received by Fund | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Goldman Sachs International CMBX NA A.6 Index | BBB+/P | USD 3,480 | USD 24,000 | USD 2,350 | 11/05/2063 | 200 bp - Monthly | USD 1,140 | - |
| CMBX NA A.6 Index | BBB+/P | 1,519 | 30,000 | 2,937 | 11/05/2063 | 200 bp - Monthly | (1,407) | - |
| CMBX NA A.6 Index | BBB+/P | (60) | 33,000 | 3,231 | 11/05/2063 | 200 bp - Monthly | (3,278) | - |
| CMBX NA A.6 Index | BBB+/P | 10,428 | 71,000 | 6,951 | 11/05/2063 | 200 bp - Monthly | 3,505 | - |
| CMBX NA A.6 Index | BBB+/P | 6,885 | 136,000 | 13,314 | 11/05/2063 | 200 bp - Monthly | (6,377) | (0.01) |
| CMBX NA A.6 Index | BBB+/P | 16,150 | 136,000 | 13,314 | 11/05/2063 | 200 bp - Monthly | 2,888 | - |
| CMBX NA A.6 Index | BBB+/P | 7,366 | 143,000 | 14,000 | 11/05/2063 | 200 bp - Monthly | (6,578) | (0.01) |
| CMBX NA A.6 Index | BBB+/P | 25,988 | 385,000 | 37,692 | 11/05/2063 | 200 bp - Monthly | (11,554) | (0.01) |
| CMBX NA A.6 Index | BBB+/P | 24,440 | 482,000 | 47,188 | 11/05/2063 | 200 bp - Monthly | (22,560) | (0.02) |
| CMBX NA A.6 Index | BBB+/P | 73,171 | 1,190,000 | 116,501 | 11/05/2063 | 200 bp - Monthly | (42,867) | (0.04) |
| CMBX NA A.7 Index | BBB+/P | 47 | 3,000 | 182 | 17/01/2047 | 200 bp - Monthly | (134) | - |
| CMBX NA BB.6 Index | B-/P | 207,944 | 465,600 | 205,190 | 11/05/2063 | 500 bp - Monthly | 3,207 | - |
| CMBX NA BB.9 Index | B/P | 88,154 | 218,000 | 50,336 | 17/09/2058 | 500 bp - Monthly | 38,029 | 0.04 |
| CMBX NA BBB-.11 Index | BBB-/P | 64 | 1,000 | 47 | 18/11/2054 | 300 bp - Monthly | 17 | - |
| CMBX NA BBB-.6 Index | B+/P | 73 | 999 | 280 | 11/05/2063 | 300 bp - Monthly | (206) | - |
| JPMorgan Securities LLC CMBX NA A.6 Index | BBB+/P | 5,460 | 39,000 | 3,818 | 11/05/2063 | 200 bp - Monthly | 1,657 | - |
| CMBX NA A.6 Index | BBB+/P | 12,363 | 92,000 | 9,007 | 11/05/2063 | 200 bp - Monthly | 3,391 | - |
| CMBX NA BB.10 Index | B+/P | 11,233 | 140,000 | 38,570 | 11/05/2063 | 500 bp - Monthly | (27,201) | (0.02) |
| CMBX NA BB.6 Index | B-/P | 91,119 | 169,920 | 74,884 | 11/05/2063 | 500 bp - Monthly | 16,401 | 0.01 |
| Morgan Stanley & Co. Internat CMBX NA A.6 Index | ional PLC BBB+/P | 6,338 | 65,000 | 6,364 | 11/05/2063 | 200 bp - Monthly | (1) | - |
| CMBX NA A.6 Index | BBB+/P | 6,124 | 69,000 | 6,755 | 11/05/2063 | 200 bp - Monthly | (605) | - |
| CMBX NA A.6 Index | BBB+/P | 10,938 | 70,000 | 6,853 | 11/05/2063 | 200 bp - Monthly | 4,112 | - |
| CMBX NA A.6 Index | BBB+/P | 10,868 | 126,000 | 12,335 | 11/05/2063 | 200 bp - Monthly | (1,419) | - |
| CMBX NA A.6 Index | BBB+/P | 12,264 | 186,000 | 18,209 | 11/05/2063 | 200 bp - Monthly | (5,873) | (0.01) |
| CMBX NA A.6 Index | BBB+/P | 15,192 | 223,000 | 21,832 | 11/05/2063 | 200 bp - Monthly | (6,553) | (0.01) |
| CMBX NA BB.6 Index | B-/P | 19,400 | 75,840 | 33,423 | 11/05/2063 | 500 bp - Monthly | (13,949) | (0.01) |
| CMBX NA BB.6 Index | B-/P | 39,179 | 152,640 | 67,268 | 11/05/2063 | 500 bp - Monthly | (27,940) | (0.02) |
| CMBX NA BB.9 Index | B/P | 15,221 | 38,000 | 8,774 | 17/09/2058 | 500 bp - Monthly | 6,484 | 0.01 |
| CMBX NA BBB-.12 Index | BBB-/P | 1,591 | 27,000 | 1,393 | 17/08/2061 | 300 bp - Monthly | 214 | - |
| CMBX NA BBB-.12 Index | BBB-/P | 3,907 | 91,000 | 4,696 | 17/08/2061 | 300 bp - Monthly | (735) | - |
| CMBX NA BBB-.6 Index | B+/P | 6,088 | 22,979 | 6,430 | 11/05/2063 | 300 bp - Monthly | (328) | - |

Unrealised Appreciation on OTC Credit Default Contracts Outstanding - Protection Sold	USD 206,368	0.18
Unrealised Depreciation on OTC Credit Default Contracts Outstanding - Protection Sold	USD (526,799)  (0.45)
| Swap Counterparty/ Referenced Debt* | Upfront Premium received/ (paid)** | Notional Amount | Value | Termination Date | Payments (paid) by Fund | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Citigroup Global Markets, Inc. CMBX NA A.7 Index | USD (22) | USD 3,000 | USD 182 | 17/01/2047 | (200 bp) - Monthly | USD 159 | - |
| CMBX NA BB.10 Index | (24,833) | 103,000 | 28,377 | 17/11/2059 | (500 bp) - Monthly | 3,443 | - |
| CMBX NA BB.10 Index | (17,850) | 70,000 | 19,285 | 17/11/2059 | (500 bp) - Monthly | 1,367 | - |
| CMBX NA BB.11 Index | (2,750) | 40,000 | 3,660 | 18/11/2054 | (500 bp) - Monthly | 871 | - |
| CMBX NA BB.11 Index | (1,530) | 30,000 | 2,745 | 18/11/2054 | (500 bp) - Monthly | 1,186 | - |
| CMBX NA BB.11 Index | (1,556) | 30,000 | 2,745 | 18/11/2054 | (500 bp) - Monthly | 1,160 | - |
| CMBX NA BB.11 Index | (1,083) | 15,000 | 1,373 | 18/11/2054 | (500 bp) - Monthly | 275 | - |
| CMBX NA BB.8 Index | (98,110) | 274,433 | 103,873 | 17/10/2057 | (500 bp) - Monthly | 5,496 | - |
| CMBX NA BB.8 Index | (9,933) | 77,305 | 29,260 | 17/10/2057 | (500 bp) - Monthly | 19,252 | 0.02 |
| CMBX NA BB.8 Index | (14,127) | 39,619 | 14,996 | 17/10/2057 | (500 bp) - Monthly | 831 | - |
| CMBX NA BB.9 Index | (4,065) | 63,000 | 14,547 | 17/09/2058 | (500 bp) - Monthly | 10,421 | 0.01 |

Net Unrealised Depreciation on OTC Credit Default Contracts Outstanding - Protection Sold	USD (320,431) (0.27) OTC CREDIT DEFAULT CONTRACTS OUTSTANDING - PROTECTION PURCHASED (0.32%) (30 June 2021: -0.01%)
OTC CREDIT DEFAULT CONTRACTS OUTSTANDING - PROTECTION PURCHASED (0.32%) (30 June 2021: -0.01%) 
cont.
| Swap Counterparty/ Referenced Debt* | Upfront Premium received/ (paid)** | Notional Amount | Value | Termination Date | Payments (paid) by Fund | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Citigroup Global Markets, Inc. cont. CMBX NA BB.9 Index | USD (2,581) | USD 40,000 | USD 9,236 | 17/09/2058 | (500 bp) - Monthly | USD 6,616 | 0.01 |
| CMBX NA BB.9 Index | (1,217) | 31,000 | 7,158 | 17/09/2058 | (500 bp) - Monthly | 5,911 | 0.01 |
| CMBX NA BB.9 Index | (1,048) | 26,000 | 6,003 | 17/09/2058 | (500 bp) - Monthly | 4,930 | - |
| CMBX NA BB.9 Index | (290) | 8,000 | 1,847 | 17/09/2058 | (500 bp) - Monthly | 1,549 | - |
| CMBX NA BBB-.10 Index | (41,113) | 138,000 | 12,337 | 17/11/2059 | (300 bp) - Monthly | (28,857) | (0.03) |
| CMBX NA BBB-.10 Index | (16,507) | 130,000 | 11,622 | 17/11/2059 | (300 bp) - Monthly | (4,961) | - |
| CMBX NA BBB-.10 Index | (6,246) | 49,000 | 4,381 | 17/11/2059 | (300 bp) - Monthly | (1,894) | - |
| CMBX NA BBB-.10 Index | (5,994) | 38,000 | 3,397 | 17/11/2059 | (300 bp) - Monthly | (2,619) | - |
| CMBX NA BBB-.10 Index | (2,932) | 23,000 | 2,056 | 17/11/2059 | (300 bp) - Monthly | (889) | - |
| CMBX NA BBB-.10 Index | (4,533) | 19,000 | 1,699 | 17/11/2059 | (300 bp) - Monthly | (2,845) | - |
| CMBX NA BBB-.10 Index | (2,707) | 11,000 | 983 | 17/11/2059 | (300 bp) - Monthly | (1,730) | - |
| CMBX NA BBB-.11 Index | (147) | 1,000 | 47 | 18/11/2054 | (300 bp) - Monthly | (101) | - |
| CMBX NA BBB-.12 Index | (38,314) | 109,000 | 5,624 | 17/08/2061 | (300 bp) - Monthly | (32,754) | (0.04) |
| CMBX NA BBB-.12 Index | (33,369) | 96,000 | 4,954 | 17/08/2061 | (300 bp) - Monthly | (28,471) | (0.03) |
| CMBX NA BBB-.12 Index | (16,564) | 47,000 | 2,425 | 17/08/2061 | (300 bp) - Monthly | (14,166) | (0.01) |
| CMBX NA BBB-.12 Index | (11,023) | 33,000 | 1,703 | 17/08/2061 | (300 bp) - Monthly | (9,339) | (0.01) |
| CMBX NA BBB-.12 Index | (6,624) | 21,000 | 1,084 | 17/08/2061 | (300 bp) - Monthly | (5,552) | (0.01) |
| CMBX NA BBB-.6 Index | (2,831) | 9,991 | 2,795 | 11/05/2063 | (300 bp) - Monthly | (42) | - |
| CMBX NA BBB-.6 Index | (1,667) | 5,995 | 1,677 | 11/05/2063 | (300 bp) - Monthly | 7 | - |
| CMBX NA BBB-.8 Index | (12,114) | 91,000 | 12,385 | 17/10/2057 | (300 bp) - Monthly | 218 | - |
| CMBX NA BBB-.8 Index | (10,313) | 66,000 | 8,983 | 17/10/2057 | (300 bp) - Monthly | (1,368) | - |
| CMBX NA BBB-.8 Index | (5,009) | 35,000 | 4,764 | 17/10/2057 | (300 bp) - Monthly | (266) | - |
| CMBX NA BBB-.8 Index | (5,078) | 32,000 | 4,355 | 17/10/2057 | (300 bp) - Monthly | (742) | - |
| CMBX NA BBB-.8 Index | (5,058) | 32,000 | 4,355 | 17/10/2057 | (300 bp) - Monthly | (722) | - |
| CMBX NA BBB-.9 Index | (10,173) | 43,000 | 4,042 | 17/09/2058 | (300 bp) - Monthly | (6,156) | (0.01) |
| Credit Suisse International CMBX NA BB.10 Index | (18,279) | 137,000 | 37,744 | 17/11/2059 | (500 bp) - Monthly | 19,331 | 0.02 |
| CMBX NA BB.10 Index | (16,292) | 137,000 | 37,744 | 17/11/2059 | (500 bp) - Monthly | 21,319 | 0.02 |
| CMBX NA BB.10 Index | (8,950) | 72,000 | 19,836 | 17/11/2059 | (500 bp) - Monthly | 10,816 | 0.01 |
| CMBX NA BB.7 Index | (12,020) | 653,760 | 288,112 | 11/05/2063 | (500 bp) - Monthly | 275,455 | 0.25 |
| CMBX NA BB.7 Index | (10,515) | 57,000 | 19,215 | 17/01/2047 | (500 bp) - Monthly | 8,645 | 0.01 |
| Goldman Sachs International CMBX NA A.6 Index | (336,875) | 3,500,000 | 342,650 | 11/05/2063 | (200 bp) - Monthly | 4,414 | - |
| CMBX NA BB.10 Index | (86,654) | 383,000 | 105,517 | 17/11/2059 | (500 bp) - Monthly | 18,490 | 0.02 |
| CMBX NA BB.6 Index | (6,547) | 61,440 | 27,077 | 11/05/2063 | (500 bp) - Monthly | 20,470 | 0.02 |
| CMBX NA BB.7 Index | (35,554) | 217,000 | 73,151 | 17/01/2047 | (500 bp) - Monthly | 37,386 | 0.04 |
| CMBX NA BB.7 Index | (21,117) | 104,000 | 35,058 | 17/01/2047 | (500 bp) - Monthly | 13,840 | 0.01 |
| CMBX NA BB.7 Index | (18,256) | 100,000 | 33,710 | 17/01/2047 | (500 bp) - Monthly | 15,357 | 0.01 |
| CMBX NA BB.7 Index | (1,059) | 7,000 | 2,360 | 17/01/2047 | (500 bp) - Monthly | 1,294 | - |
| CMBX NA BB.8 Index | (50,475) | 139,149 | 52,668 | 17/10/2057 | (500 bp) - Monthly | 2,058 | - |
| CMBX NA BB.8 Index | (50,562) | 139,149 | 52,668 | 17/10/2057 | (500 bp) - Monthly | 1,971 | - |
| CMBX NA BB.8 Index | (26,636) | 71,507 | 27,065 | 17/10/2057 | (500 bp) - Monthly | 360 | - |
| CMBX NA BB.8 Index | (18,034) | 51,215 | 19,385 | 17/10/2057 | (500 bp) - Monthly | 1,301 | - |
| CMBX NA BB.8 Index | (2,946) | 25,124 | 9,509 | 17/10/2057 | (500 bp) - Monthly | 6,539 | 0.01 |
| CMBX NA BB.9 Index | (3,341) | 31,000 | 7,158 | 17/09/2058 | (500 bp) - Monthly | 3,787 | - |
| CMBX NA BB.9 Index | (3,009) | 25,000 | 5,773 | 17/09/2058 | (500 bp) - Monthly | 2,739 | - |
| CMBX NA BB.9 Index | (971) | 25,000 | 5,773 | 17/09/2058 | (500 bp) - Monthly | 4,777 | - |
| CMBX NA BB.9 Index | (1,461) | 14,000 | 3,233 | 17/09/2058 | (500 bp) - Monthly | 1,758 | - |
| CMBX NA BB.9 Index | (1,593) | 10,000 | 2,309 | 17/09/2058 | (500 bp) - Monthly | 706 | - |
| CMBX NA BB.9 Index | (1,106) | 7,000 | 1,616 | 17/09/2058 | (500 bp) - Monthly | 504 | - |
| CMBX NA BB.9 Index | (1,118) | 7,000 | 1,616 | 17/09/2058 | (500 bp) - Monthly | 491 | - |
| CMBX NA BB.9 Index | (961) | 6,000 | 1,385 | 17/09/2058 | (500 bp) - Monthly | 418 | - |
| CMBX NA BB.9 Index | (955) | 6,000 | 1,385 | 17/09/2058 | (500 bp) - Monthly | 424 | - |
| CMBX NA BB.9 Index | (238) | 2,000 | 462 | 17/09/2058 | (500 bp) - Monthly | 222 | - |

OTC CREDIT DEFAULT CONTRACTS OUTSTANDING - PROTECTION PURCHASED (0.32%) (30 June 2021: -0.01%) 
cont.
| Swap Counterparty/ Referenced Debt* | Upfront Premium received/ (paid)** | Notional Amount | Value | Termination Date | Payments (paid) by Fund | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Goldman Sachs International cont. CMBX NA BBB-.10 Index | USD (2,339) | USD 15,000 | USD 1,341 | 17/11/2059 | (300 bp) - Monthly | USD (1,007) | - |
| CMBX NA BBB-.7 Index | (4,984) | 48,000 | 9,638 | 17/01/2047 | (300 bp) - Monthly | 4,626 | - |
| CMBX NA BBB-.7 Index | (1,086) | 16,000 | 3,213 | 17/01/2047 | (300 bp) - Monthly | 2,117 | - |
| CMBX NA BBB-.8 Index | (21,450) | 139,000 | 18,918 | 17/10/2057 | (300 bp) - Monthly | (2,613) | - |
| CMBX NA BBB-.8 Index | (11,918) | 76,000 | 10,344 | 17/10/2057 | (300 bp) - Monthly | (1,619) | - |
| CMBX NA BBB-.8 Index | (4,528) | 35,000 | 4,764 | 17/10/2057 | (300 bp) - Monthly | 215 | - |
| JPMorgan Securities LLC CMBX NA BB.11 Index | (3,818) | 7,000 | 641 | 18/11/2054 | (500 bp) - Monthly | (3,184) | - |
| CMBX NA BB.17 Index | (104,297) | 213,000 | 71,802 | 17/01/2047 | (500 bp) - Monthly | (32,701) | (0.04) |
| CMBX NA BBB-.10 Index | (23,536) | 79,000 | 7,063 | 17/11/2059 | (300 bp) - Monthly | (16,519) | (0.01) |
| CMBX NA BBB-.10 Index | (21,973) | 78,000 | 6,973 | 17/11/2059 | (300 bp) - Monthly | (15,046) | (0.01) |
| CMBX NA BBB-.10 Index | (6,597) | 40,000 | 3,576 | 17/11/2059 | (300 bp) - Monthly | (3,044) | - |
| CMBX NA BBB-.12 Index | (1,993) | 51,000 | 2,632 | 17/08/2061 | (300 bp) - Monthly | 609 | - |
| CMBX NA BBB-.12 Index | (7,334) | 21,000 | 1,084 | 17/08/2061 | (300 bp) - Monthly | (6,263) | (0.01) |
| CMBX NA BBB-.7 Index | (31,928) | 136,000 | 27,309 | 17/01/2047 | (300 bp) - Monthly | (4,698) | - |
| Merrill Lynch International CMBX NA BB.10 Index | (4,780) | 84,000 | 23,142 | 17/11/2059 | (500 bp) - Monthly | 18,281 | 0.02 |
| CMBX NA BB.7 Index | (37,819) | 218,000 | 73,488 | 17/01/2047 | (500 bp) - Monthly | 35,457 | 0.04 |
| Morgan Stanley & Co. International PLC CMBX NA A.6 Index | (2,607) | 27,000 | 2,643 | 11/05/2063 | (200 bp) - Monthly | 26 | - |
| CMBX NA BB.10 Index | (19,493) | 83,000 | 22,867 | 17/11/2059 | (500 bp) - Monthly | 3,293 | - |
| CMBX NA BB.10 Index | (6,817) | 65,000 | 17,908 | 17/11/2059 | (500 bp) - Monthly | 11,027 | 0.01 |
| CMBX NA BB.7 Index | (21,998) | 109,000 | 36,744 | 17/01/2047 | (500 bp) - Monthly | 14,640 | 0.01 |
| CMBX NA BB.7 Index | (19,507) | 97,000 | 32,699 | 17/01/2047 | (500 bp) - Monthly | 13,097 | 0.01 |
| CMBX NA BB.7 Index | (6,749) | 35,000 | 11,799 | 17/01/2047 | (500 bp) - Monthly | 5,015 | - |
| CMBX NA BB.8 Index | (24,579) | 67,642 | 25,602 | 17/10/2057 | (500 bp) - Monthly | 958 | - |
| CMBX NA BB.9 Index | (2,395) | 28,000 | 6,465 | 17/09/2058 | (500 bp) - Monthly | 4,043 | - |
| CMBX NA BBB-.10 Index | (10,268) | 80,000 | 7,152 | 17/11/2059 | (300 bp) - Monthly | (3,163) | - |
| CMBX NA BBB-.10 Index | (9,639) | 76,000 | 6,794 | 17/11/2059 | (300 bp) - Monthly | (2,889) | - |
| CMBX NA BBB-.10 Index | (5,032) | 42,000 | 3,755 | 17/11/2059 | (300 bp) - Monthly | (1,302) | - |
| CMBX NA BBB-.10 Index | (3,291) | 38,000 | 3,397 | 17/11/2059 | (300 bp) - Monthly | 84 | - |
| CMBX NA BBB-.10 Index | (4,876) | 20,000 | 1,788 | 17/11/2059 | (300 bp) - Monthly | (3,100) | - |
| CMBX NA BBB-.10 Index | (3,075) | 13,000 | 1,162 | 17/11/2059 | (300 bp) - Monthly | (1,920) | - |
| CMBX NA BBB-.10 Index | (689) | 3,000 | 268 | 17/11/2059 | (300 bp) - Monthly | (422) | - |
| CMBX NA BBB-.11 Index | (18,414) | 59,000 | 2,785 | 18/11/2054 | (300 bp) - Monthly | (15,663) | (0.01) |
| CMBX NA BBB-.11 Index | (9,811) | 31,000 | 1,463 | 18/11/2054 | (300 bp) - Monthly | (8,366) | (0.01) |
| CMBX NA BBB-.11 Index | (8,002) | 25,000 | 1,180 | 18/11/2054 | (300 bp) - Monthly | (6,836) | (0.01) |
| CMBX NA BBB-.12 Index | (2,886) | 70,000 | 3,612 | 17/08/2061 | (300 bp) - Monthly | 685 | - |
| CMBX NA BBB-.12 Index | (618) | 2,000 | 103 | 17/08/2061 | (300 bp) - Monthly | (516) | - |
| CMBX NA BBB-.7 Index | (2,286) | 36,000 | 7,229 | 17/01/2047 | (300 bp) - Monthly | 4,922 | - |
| CMBX NA BBB-.8 Index | (21,145) | 138,000 | 18,782 | 17/10/2057 | (300 bp) - Monthly | (2,443) | - |
| CMBX NA BBB-.8 Index | (20,297) | 131,000 | 17,829 | 17/10/2057 | (300 bp) - Monthly | (2,545) | - |
| CMBX NA BBB-.8 Index | (13,250) | 85,000 | 11,569 | 17/10/2057 | (300 bp) - Monthly | (1,731) | - |
| CMBX NA BBB-.8 Index | (8,881) | 70,000 | 9,527 | 17/10/2057 | (300 bp) - Monthly | 605 | - |
| CMBX NA BBB-.8 Index | (8,903) | 70,000 | 9,527 | 17/10/2057 | (300 bp) - Monthly | 583 | - |
| CMBX NA BBB-.8 Index | (8,731) | 61,000 | 8,302 | 17/10/2057 | (300 bp) - Monthly | (464) | - |
| CMBX NA BBB-.8 Index | (4,183) | 27,000 | 3,675 | 17/10/2057 | (300 bp) - Monthly | (524) | - |
| CMBX NA BBB-.8 Index | (4,219) | 27,000 | 3,675 | 17/10/2057 | (300 bp) - Monthly | (560) | - |
| Unrealised Appreciation on OTC Credit Default Contracts Outstanding - Protection Purchased | USD 658,847 | 0.56 |
| Unrealised Depreciation on OTC Credit Default Contracts Outstanding - Protection Purchased | USD (282,612) | (0.24) |
| Net Unrealised Appreciation on OTC Credit Default Contracts Outstanding - Protection Purchased | USD 376,235 | 0.32 |

* Payments related to the referenced debt are made upon a credit default event.
** Upfront premium is based on the difference between the original spread on issue and the market spread on day of execution.
*** Ratings for an underlying index represent the average of the ratings of all the securities included in that index. The Moody's, Standard & Poor's or Fitch ratings are believed to be the most recent ratings available at 31 December 2021. Securities rated by Putnam are indicated by "/P." The Putnam rating categories are comparable to the Standard & Poor’s classifications.
FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS (1.30%) (30 June 2021: -2.96%)
Aggregate
Unrealised Appreciation/
Counterparty	Currency
Contract
type*
Delivery
date
Value USD
face value
USD
(Depreciation)
USD
% of Fund
| Bank of America, N.A. Australian Dollar | Buy | 19/01/2022 | USD 1,225,971 | USD 1,199,268 | USD 26,703 | 0.02 |
| --- | --- | --- | --- | --- | --- | --- |
| Australian Dollar | Sell | 19/01/2022 | 1,225,971 | 1,227,798 | 1,827 | - |
| British Pound | Buy | 16/03/2022 | 1,822,543 | 1,793,505 | 29,038 | 0.02 |
| British Pound | Buy | 19/01/2022 | 3,711,185 | 3,655,254 | 55,931 | 0.05 |
| Canadian Dollar | Buy | 19/01/2022 | 72,097 | 72,166 | (69) | - |
| Canadian Dollar | Buy | 19/01/2022 | 201,824 | 199,367 | 2,457 | - |
| Canadian Dollar | Sell | 19/01/2022 | 273,920 | 275,524 | 1,604 | - |
| Euro | Buy | 16/03/2022 | 1,323,626 | 1,319,491 | 4,135 | - |
| Euro | Buy | 19/01/2022 | 12,608,309 | 12,556,844 | 51,465 | 0.05 |
| Euro | Sell | 19/01/2022 | 6,292,880 | 6,270,703 | (22,177) | (0.02) |
| Euro | Sell | 19/01/2022 | 164,790 | 163,152 | (1,638) | - |
| Japanese Yen | Buy | 16/02/2022 | 2,287,055 | 2,313,843 | (26,788) | (0.03) |
| New Zealand Dollar | Buy | 19/01/2022 | 483,673 | 501,221 | (17,548) | (0.01) |
| New Zealand Dollar | Buy | 19/01/2022 | 322,883 | 318,124 | 4,759 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 246,528 | 254,426 | (7,898) | (0.01) |
| New Zealand Dollar | Sell | 19/01/2022 | 1,053,084 | 1,070,819 | 17,735 | 0.02 |
| Norwegian Krone | Sell | 16/03/2022 | 79 | 77 | (2) | - |
| Norwegian Krone | Sell | 16/03/2022 | 839 | 825 | (14) | - |
| Swedish Krona | Buy | 16/03/2022 | 55 | 55 | - | - |
| Swiss Franc | Buy | 16/03/2022 | 89,059 | 88,395 | 664 | - |
| Barclays Bank PLC Australian Dollar | Buy | 19/01/2022 | 71,012 | 72,555 | (1,543) | - |
| Australian Dollar | Buy | 19/01/2022 | 626,155 | 612,511 | 13,644 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 697,167 | 697,944 | 777 | - |
| British Pound | Buy | 16/03/2022 | 489,836 | 481,924 | 7,912 | 0.01 |
| British Pound | Sell | 16/03/2022 | 295,120 | 288,131 | (6,989) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 1,461,145 | 1,443,468 | 17,677 | 0.02 |
| Canadian Dollar | Buy | 19/01/2022 | 331,550 | 334,307 | (2,757) | - |
| Canadian Dollar | Sell | 19/01/2022 | 374,792 | 376,905 | 2,113 | - |
| Canadian Dollar | Sell | 19/01/2022 | 1,034,968 | 1,054,123 | 19,155 | 0.02 |
| Canadian Dollar | Sell | 19/01/2022 | 356,136 | 362,866 | 6,730 | 0.01 |
| Canadian Dollar | Sell | 19/01/2022 | 26,799 | 27,207 | 408 | - |
| Euro | Sell | 16/03/2022 | 1,331,607 | 1,327,180 | (4,427) | - |
| Japanese Yen | Buy | 16/02/2022 | 1,043,540 | 1,055,847 | (12,307) | (0.01) |
| New Zealand Dollar | Buy | 19/01/2022 | 427,109 | 420,817 | 6,292 | 0.01 |
| New Zealand Dollar | Sell | 19/01/2022 | 427,109 | 434,329 | 7,220 | 0.01 |
| Swedish Krona | Buy | 16/03/2022 | 797 | 797 | - | - |
| Swiss Franc | Buy | 16/03/2022 | 503,020 | 499,435 | 3,585 | - |
| Citibank, N.A. Australian Dollar | Buy | 19/01/2022 | 116,122 | 113,593 | 2,529 | - |
| Australian Dollar | Buy | 19/01/2022 | 94,804 | 94,945 | (141) | - |
| Australian Dollar | Sell | 19/01/2022 | 210,925 | 218,884 | 7,959 | 0.01 |
| British Pound | Buy | 19/01/2022 | 10,355,830 | 10,200,523 | 155,307 | 0.14 |
| British Pound | Sell | 16/03/2022 | 807,012 | 794,164 | (12,848) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 1,294,026 | 1,278,432 | 15,594 | 0.01 |
| Canadian Dollar | Buy | 19/01/2022 | 28,064 | 28,225 | (161) | - |
| Canadian Dollar | Sell | 19/01/2022 | 1,034,968 | 1,054,117 | 19,149 | 0.02 |
| Canadian Dollar | Sell | 19/01/2022 | 287,122 | 288,476 | 1,354 | - |
| Euro | Buy | 16/03/2022 | 45,835 | 45,681 | 154 | - |
| Euro | Buy | 19/01/2022 | 14,632,026 | 14,574,462 | 57,564 | 0.05 |
| Euro | Sell | 19/01/2022 | 6,292,880 | 6,270,018 | (22,862) | (0.03) |
| Japanese Yen | Buy | 16/02/2022 | 905,444 | 916,201 | (10,757) | (0.01) |

| Counterparty | Currency | Contract type* | Delivery date | Value USD | Aggregate face value USD | Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Citibank, N.A.  cont. | New Zealand Dollar | Buy | 19/01/2022 | USD 290,149 | USD 287,464 | USD 2,685 | - |
|  | New Zealand Dollar | Buy | 19/01/2022 | 418,481 | 412,324 | 6,157 | 0.01 |
|  | New Zealand Dollar | Sell | 19/01/2022 | 637,274 | 647,893 | 10,619 | 0.01 |
|  | New Zealand Dollar | Sell | 19/01/2022 | 71,356 | 71,531 | 175 | - |
|  | Swedish Krona | Sell | 16/03/2022 | 72,385 | 72,455 | 70 | - |
|  | Swiss Franc | Sell | 16/03/2022 | 213,962 | 212,357 | (1,605) | - |
| Credit Suisse International Australian Dollar | Buy | 19/01/2022 | 146 | 146 | - | - |
| Australian Dollar | Sell | 19/01/2022 | 146 | 142 | (4) | - |
| British Pound | Sell | 16/03/2022 | 373,331 | 367,333 | (5,998) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 400,485 | 395,647 | 4,838 | - |
| Canadian Dollar | Buy | 19/01/2022 | 326,570 | 331,704 | (5,134) | - |
| Canadian Dollar | Sell | 19/01/2022 | 727,055 | 731,197 | 4,142 | - |
| Euro | Sell | 16/03/2022 | 449,228 | 447,728 | (1,500) | - |
| New Zealand Dollar | Buy | 19/01/2022 | 373,421 | 379,681 | (6,260) | (0.01) |
| New Zealand Dollar | Sell | 19/01/2022 | 373,421 | 367,849 | (5,572) | - |
| Goldman Sachs International Australian Dollar | Buy | 19/01/2022 | 292,996 | 287,769 | 5,227 | - |
| Australian Dollar | Buy | 19/01/2022 | 419,158 | 410,007 | 9,151 | 0.01 |
| Australian Dollar | Buy | 19/01/2022 | 219,656 | 222,537 | (2,881) | - |
| Australian Dollar | Buy | 19/01/2022 | 436,984 | 443,034 | (6,050) | (0.01) |
| Australian Dollar | Sell | 19/01/2022 | 1,368,795 | 1,370,834 | 2,039 | - |
| British Pound | Buy | 16/03/2022 | 559,793 | 550,798 | 8,995 | 0.01 |
| British Pound | Buy | 19/01/2022 | 31,728,003 | 31,252,011 | 475,992 | 0.42 |
| British Pound | Sell | 16/03/2022 | 295,390 | 288,395 | (6,995) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 3,115,497 | 3,133,368 | (17,871) | (0.02) |
| Canadian Dollar | Sell | 19/01/2022 | 711,086 | 723,009 | 11,923 | 0.01 |
| Canadian Dollar | Sell | 19/01/2022 | 346,412 | 344,870 | (1,542) | - |
| Canadian Dollar | Sell | 19/01/2022 | 2,057,999 | 2,032,943 | (25,056) | (0.03) |
| Euro | Buy | 19/01/2022 | 10,530,271 | 10,486,557 | 43,714 | 0.04 |
| Euro | Sell | 16/03/2022 | 291,998 | 291,111 | (887) | - |
| Euro | Sell | 16/03/2022 | 126,559 | 126,152 | (407) | - |
| Euro | Sell | 19/01/2022 | 6,292,880 | 6,269,934 | (22,946) | (0.03) |
| Japanese Yen | Buy | 16/02/2022 | 655,051 | 662,767 | (7,716) | (0.01) |
| Japanese Yen | Buy | 16/02/2022 | 71,937 | 72,885 | (948) | - |
| Japanese Yen | Buy | 16/02/2022 | 71,220 | 72,609 | (1,389) | - |
| Japanese Yen | Buy | 16/02/2022 | 143,518 | 145,001 | (1,483) | - |
| Japanese Yen | Buy | 16/02/2022 | 287,204 | 290,417 | (3,213) | - |
| Japanese Yen | Buy | 16/02/2022 | 217,505 | 217,795 | (290) | - |
| Japanese Yen | Buy | 16/02/2022 | 71,163 | 72,516 | (1,353) | - |
| Japanese Yen | Sell | 16/02/2022 | 124,787 | 126,432 | 1,645 | - |
| Japanese Yen | Sell | 16/02/2022 | 71,651 | 72,385 | 734 | - |
| Japanese Yen | Sell | 16/02/2022 | 72,046 | 72,587 | 541 | - |
| Japanese Yen | Sell | 16/02/2022 | 71,595 | 71,845 | 250 | - |
| Japanese Yen | Sell | 16/02/2022 | 141,837 | 143,703 | 1,866 | - |
| Japanese Yen | Sell | 16/02/2022 | 338,285 | 342,571 | 4,286 | - |
| Japanese Yen | Sell | 16/02/2022 | 812,092 | 822,383 | 10,291 | 0.01 |
| New Zealand Dollar | Buy | 19/01/2022 | 69,576 | 72,161 | (2,585) | - |
| New Zealand Dollar | Buy | 19/01/2022 | 290,149 | 287,466 | 2,683 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 1,832,042 | 1,805,135 | 26,907 | 0.02 |
| New Zealand Dollar | Sell | 19/01/2022 | 1,763,973 | 1,792,891 | 28,918 | 0.02 |
| New Zealand Dollar | Sell | 19/01/2022 | 217,424 | 219,980 | 2,556 | - |
| New Zealand Dollar | Sell | 19/01/2022 | 210,370 | 220,925 | 10,555 | 0.01 |

Counterparty	Currency
Contract
type*
Delivery
date
Value USD
Aggregate face value
USD
Unrealised Appreciation/ (Depreciation)
USD
% of Fund
| Goldman Sachs International  cont. Norwegian Krone | Buy | 16/03/2022 | USD 74,471 | USD 72,146 | USD 2,325 | - |
| --- | --- | --- | --- | --- | --- | --- |
| Norwegian Krone | Sell | 16/03/2022 | 116,384 | 113,495 | (2,889) | - |
| Swiss Franc | Buy | 16/03/2022 | 1,124,676 | 1,116,642 | 8,034 | 0.01 |
| HSBC Bank USA, N.A. Australian Dollar | Buy | 19/01/2022 | 4,147 | 4,113 | 34 | - |
| Australian Dollar | Buy | 19/01/2022 | 627,683 | 613,997 | 13,686 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 631,830 | 632,578 | 748 | - |
| British Pound | Sell | 16/03/2022 | 509,998 | 501,884 | (8,114) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 338,744 | 340,715 | (1,971) | - |
| Canadian Dollar | Sell | 19/01/2022 | 338,744 | 334,622 | (4,122) | - |
| Euro | Buy | 16/03/2022 | 1,337,080 | 1,332,622 | 4,458 | - |
| Japanese Yen | Buy | 16/02/2022 | 1,272,077 | 1,286,937 | (14,860) | (0.01) |
| Japanese Yen | Buy | 16/02/2022 | 71,773 | 72,445 | (672) | - |
| New Zealand Dollar | Buy | 19/01/2022 | 222,012 | 225,708 | (3,696) | - |
| New Zealand Dollar | Buy | 19/01/2022 | 483,673 | 501,208 | (17,535) | (0.01) |
| New Zealand Dollar | Sell | 19/01/2022 | 705,685 | 695,206 | (10,479) | (0.01) |
| Swedish Krona | Buy | 16/03/2022 | 1,473 | 1,475 | (2) | - |
| Swiss Franc | Buy | 16/03/2022 | 1,429 | 1,419 | 10 | - |
| JPMorgan Chase Bank, N.A. Australian Dollar | Buy | 19/01/2022 | 1,659,754 | 1,662,231 | (2,477) | - |
| Australian Dollar | Sell | 19/01/2022 | 433,055 | 441,404 | 8,349 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 527,058 | 546,009 | 18,951 | 0.02 |
| Australian Dollar | Sell | 19/01/2022 | 699,640 | 684,326 | (15,314) | (0.01) |
| British Pound | Buy | 16/03/2022 | 325,430 | 320,263 | 5,167 | - |
| British Pound | Buy | 16/03/2022 | 406 | 397 | 9 | - |
| British Pound | Buy | 19/01/2022 | 37,705,097 | 37,137,904 | 567,192 | 0.49 |
| British Pound | Buy | 19/01/2022 | 554,668 | 542,571 | 12,097 | 0.01 |
| Canadian Dollar | Buy | 19/01/2022 | 142,296 | 143,091 | (795) | - |
| Canadian Dollar | Buy | 19/01/2022 | 215,579 | 220,594 | (5,015) | - |
| Canadian Dollar | Buy | 19/01/2022 | 537,326 | 551,784 | (14,458) | (0.01) |
| Canadian Dollar | Sell | 19/01/2022 | 351,630 | 353,679 | 2,049 | - |
| Canadian Dollar | Sell | 19/01/2022 | 346,412 | 344,866 | (1,546) | - |
| Canadian Dollar | Sell | 19/01/2022 | 197,159 | 194,761 | (2,398) | - |
| Euro | Buy | 16/03/2022 | 827,081 | 824,413 | 2,668 | - |
| Euro | Buy | 19/01/2022 | 11,953,363 | 11,896,962 | 56,401 | 0.05 |
| Euro | Sell | 16/03/2022 | 114 | 113 | (1) | - |
| Euro | Sell | 19/01/2022 | 263,641 | 261,383 | (2,258) | - |
| Euro | Sell | 19/01/2022 | 6,292,880 | 6,269,765 | (23,114) | (0.03) |
| Japanese Yen | Sell | 16/02/2022 | 772,327 | 781,483 | 9,156 | 0.01 |
| New Zealand Dollar | Buy | 19/01/2022 | 2,123 | 2,165 | (42) | - |
| New Zealand Dollar | Buy | 19/01/2022 | 3,087,073 | 3,138,650 | (51,576) | (0.05) |
| New Zealand Dollar | Sell | 19/01/2022 | 218,108 | 221,307 | 3,199 | - |
| New Zealand Dollar | Sell | 19/01/2022 | 2,871,088 | 2,828,433 | (42,655) | (0.05) |
| Norwegian Krone | Sell | 16/03/2022 | 91 | 88 | (3) | - |
| Swedish Krona | Sell | 16/03/2022 | 78 | 77 | (1) | - |
| Swedish Krona | Sell | 16/03/2022 | 111 | 110 | (1) | - |
| Swiss Franc | Sell | 16/03/2022 | 179,768 | 178,443 | (1,325) | - |
| Swiss Franc | Sell | 16/03/2022 | 110 | 109 | (1) | - |
| Morgan Stanley & Company International PLC Australian Dollar | Buy | 19/01/2022 | 474,891 | 480,541 | (5,650) | - |
| Australian Dollar | Buy | 19/01/2022 | 3,420 | 3,433 | (13) | - |
| Australian Dollar | Buy | 19/01/2022 | 3,492 | 3,532 | (40) | - |
| Australian Dollar | Buy | 19/01/2022 | 7,276 | 7,259 | 17 | - |

| Counterparty | Currency | Contract type* | Delivery date | Value USD | Aggregate face value USD | Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Morgan Stanley & Company International PLC  con Australian Dollar | t. Buy | 19/01/2022 | USD 3,929 | USD 3,904 | USD 25 | - |
| Australian Dollar | Buy | 19/01/2022 | 364 | 359 | 5 | - |
| Australian Dollar | Buy | 19/01/2022 | 364 | 356 | 8 | - |
| Australian Dollar | Buy | 19/01/2022 | 1,733,603 | 1,736,273 | (2,670) | - |
| Australian Dollar | Sell | 19/01/2022 | 3,129 | 3,063 | (66) | - |
| Australian Dollar | Sell | 19/01/2022 | 15,425 | 15,226 | (199) | - |
| Australian Dollar | Sell | 19/01/2022 | 2,208,422 | 2,160,035 | (48,387) | (0.05) |
| British Pound | Buy | 16/03/2022 | 224,215 | 220,631 | 3,584 | - |
| British Pound | Buy | 16/03/2022 | 406 | 397 | 9 | - |
| British Pound | Sell | 16/03/2022 | 295,390 | 288,404 | (6,986) | (0.01) |
| British Pound | Sell | 16/03/2022 | 271 | 267 | (4) | - |
| Canadian Dollar | Buy | 19/01/2022 | 390,603 | 397,114 | (6,511) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 3,557 | 3,618 | (61) | - |
| Canadian Dollar | Buy | 19/01/2022 | 2,846 | 2,878 | (32) | - |
| Canadian Dollar | Buy | 19/01/2022 | 7,984 | 7,989 | (5) | - |
| Canadian Dollar | Buy | 19/01/2022 | 1,581 | 1,546 | 35 | - |
| Canadian Dollar | Buy | 19/01/2022 | 395 | 387 | 8 | - |
| Canadian Dollar | Buy | 19/01/2022 | 316 | 312 | 4 | - |
| Canadian Dollar | Buy | 19/01/2022 | 553 | 547 | 6 | - |
| Canadian Dollar | Buy | 19/01/2022 | 100,872 | 101,450 | (578) | - |
| Canadian Dollar | Buy | 19/01/2022 | 438,035 | 444,802 | (6,767) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 435,110 | 442,149 | (7,039) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 537,405 | 551,865 | (14,460) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 12,411 | 12,677 | (266) | - |
| Canadian Dollar | Sell | 19/01/2022 | 247,991 | 253,593 | 5,602 | - |
| Canadian Dollar | Sell | 19/01/2022 | 710,928 | 722,842 | 11,914 | 0.01 |
| Canadian Dollar | Sell | 19/01/2022 | 7,115 | 7,091 | (24) | - |
| Canadian Dollar | Sell | 19/01/2022 | 11,858 | 11,871 | 13 | - |
| Canadian Dollar | Sell | 19/01/2022 | 950,934 | 939,338 | (11,596) | (0.01) |
| Euro | Buy | 16/03/2022 | 269,537 | 268,685 | 852 | - |
| Euro | Buy | 16/03/2022 | 1,824 | 1,806 | 18 | - |
| Euro | Buy | 16/03/2022 | 3,535 | 3,523 | 12 | - |
| Euro | Buy | 19/01/2022 | 188,819 | 187,532 | 1,287 | - |
| Euro | Sell | 16/03/2022 | 1,938 | 1,919 | (19) | - |
| Euro | Sell | 16/03/2022 | 1,254 | 1,248 | (6) | - |
| Euro | Sell | 16/03/2022 | 5,587 | 5,549 | (38) | - |
| Euro | Sell | 16/03/2022 | 177,867 | 176,901 | (966) | - |
| Japanese Yen | Buy | 16/02/2022 | 286,250 | 290,482 | (4,232) | - |
| Japanese Yen | Buy | 16/02/2022 | 71,264 | 72,487 | (1,223) | - |
| Japanese Yen | Buy | 16/02/2022 | 17,348 | 17,534 | (186) | - |
| Japanese Yen | Buy | 16/02/2022 | 1,465 | 1,476 | (11) | - |
| Japanese Yen | Sell | 16/02/2022 | 1,729,145 | 1,749,590 | 20,445 | 0.02 |
| Japanese Yen | Sell | 16/02/2022 | 145,365 | 147,916 | 2,551 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 483,673 | 501,202 | (17,529) | (0.01) |
| New Zealand Dollar | Buy | 19/01/2022 | 2,397 | 2,453 | (56) | - |
| New Zealand Dollar | Buy | 19/01/2022 | 6,848 | 6,782 | 66 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 526,199 | 518,482 | 7,717 | 0.01 |
| New Zealand Dollar | Buy | 19/01/2022 | 185,512 | 194,368 | (8,856) | (0.01) |
| New Zealand Dollar | Buy | 19/01/2022 | 416,563 | 437,053 | (20,490) | (0.02) |
| New Zealand Dollar | Sell | 19/01/2022 | 2,203,888 | 2,240,580 | 36,692 | 0.03 |
| New Zealand Dollar | Sell | 19/01/2022 | 2,260 | 2,249 | (11) | - |
| New Zealand Dollar | Sell | 19/01/2022 | 274 | 269 | (5) | - |
| New Zealand Dollar | Sell | 19/01/2022 | 753 | 750 | (3) | - |

| Counterparty | Currency | Contract type* | Delivery date | Value USD | Aggregate face value USD | Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Morgan Stanley & Company International PLC  con Norwegian Krone | t. Buy | 16/03/2022 | USD 4,173 | USD 4,090 | USD 83 | - |
| Norwegian Krone | Sell | 16/03/2022 | 73,291 | 71,002 | (2,289) | - |
| Norwegian Krone | Sell | 16/03/2022 | 181 | 176 | (5) | - |
| Swedish Krona | Buy | 16/03/2022 | 26,299 | 26,096 | 203 | - |
| Swedish Krona | Buy | 16/03/2022 | 8,072 | 8,052 | 20 | - |
| Swedish Krona | Buy | 16/03/2022 | 33 | 33 | - | - |
| Swedish Krona | Buy | 16/03/2022 | 78 | 77 | 1 | - |
| Swedish Krona | Buy | 16/03/2022 | 598 | 597 | 1 | - |
| Swedish Krona | Buy | 16/03/2022 | 554 | 554 | - | - |
| Swedish Krona | Sell | 16/03/2022 | 130,120 | 129,446 | (674) | - |
| Swedish Krona | Sell | 16/03/2022 | 266 | 263 | (3) | - |
| Swiss Franc | Buy | 16/03/2022 | 175,590 | 173,068 | 2,522 | - |
| Swiss Franc | Buy | 16/03/2022 | 220 | 218 | 2 | - |
| Swiss Franc | Sell | 16/03/2022 | 893,891 | 887,458 | (6,433) | (0.01) |
| Swiss Franc | Sell | 16/03/2022 | 440 | 433 | (7) | - |
| NatWest Markets PLC Australian Dollar | Buy | 19/01/2022 | 537,317 | 538,130 | (813) | - |
| Australian Dollar | Buy | 19/01/2022 | 222,057 | 221,682 | 375 | - |
| Australian Dollar | Sell | 19/01/2022 | 432,109 | 444,319 | 12,210 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 327,265 | 320,098 | (7,167) | (0.01) |
| British Pound | Buy | 16/03/2022 | 383,074 | 376,912 | 6,162 | 0.01 |
| British Pound | Buy | 16/03/2022 | 73,475 | 71,813 | 1,662 | - |
| Canadian Dollar | Buy | 19/01/2022 | 84,113 | 83,090 | 1,023 | - |
| Canadian Dollar | Sell | 19/01/2022 | 84,113 | 84,599 | 486 | - |
| Euro | Buy | 16/03/2022 | 620,140 | 613,323 | 6,817 | 0.01 |
| Euro | Buy | 16/03/2022 | 118,236 | 116,936 | 1,300 | - |
| Euro | Sell | 16/03/2022 | 2,273,617 | 2,266,368 | (7,249) | (0.01) |
| Japanese Yen | Sell | 16/02/2022 | 99,001 | 100,149 | 1,148 | - |
| Japanese Yen | Sell | 16/02/2022 | 71,743 | 72,098 | 355 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 2,808 | 2,787 | 21 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 1,900,180 | 1,872,191 | 27,989 | 0.02 |
| New Zealand Dollar | Buy | 19/01/2022 | 430,054 | 440,793 | (10,739) | (0.01) |
| New Zealand Dollar | Sell | 19/01/2022 | 2,333,041 | 2,372,173 | 39,132 | 0.04 |
| Norwegian Krone | Buy | 16/03/2022 | 318 | 308 | 10 | - |
| Swiss Franc | Buy | 16/03/2022 | 229,465 | 227,829 | 1,636 | - |
| State Street Bank & Trust Company Australian Dollar | Buy | 19/01/2022 | 2,983 | 3,023 | (40) | - |
| Australian Dollar | Buy | 19/01/2022 | 474,891 | 480,533 | (5,642) | - |
| Australian Dollar | Buy | 19/01/2022 | 71,521 | 71,873 | (352) | - |
| Australian Dollar | Buy | 19/01/2022 | 3,638 | 3,632 | 6 | - |
| Australian Dollar | Buy | 19/01/2022 | 215,946 | 216,034 | (88) | - |
| Australian Dollar | Buy | 19/01/2022 | 148,208 | 142,999 | 5,209 | - |
| Australian Dollar | Buy | 19/01/2022 | 230,279 | 225,333 | 4,946 | - |
| Australian Dollar | Buy | 19/01/2022 | 728 | 718 | 10 | - |
| Australian Dollar | Buy | 19/01/2022 | 292,996 | 287,765 | 5,231 | - |
| Australian Dollar | Buy | 19/01/2022 | 1,079,437 | 1,055,951 | 23,486 | 0.02 |
| Australian Dollar | Buy | 19/01/2022 | 73 | 72 | 1 | - |
| Australian Dollar | Buy | 19/01/2022 | 5,821 | 5,842 | (21) | - |
| Australian Dollar | Buy | 19/01/2022 | 219,729 | 222,609 | (2,880) | - |
| Australian Dollar | Buy | 19/01/2022 | 218,201 | 220,762 | (2,561) | - |
| Australian Dollar | Buy | 19/01/2022 | 436,984 | 443,034 | (6,050) | (0.01) |
| Australian Dollar | Buy | 19/01/2022 | 140,205 | 143,196 | (2,991) | - |
| Australian Dollar | Sell | 19/01/2022 | 755,082 | 756,131 | 1,049 | - |

Counterparty	Currency
Contract
type*
Delivery
date
Value USD
Aggregate face value
USD
Unrealised Appreciation/ (Depreciation)
USD
% of Fund
| State Street Bank & Trust Company  cont. Australian Dollar | Sell | 19/01/2022 | USD 219,802 | USD 221,140 | USD 1,338 | - |
| --- | --- | --- | --- | --- | --- | --- |
| Australian Dollar | Sell | 19/01/2022 | 432,619 | 441,575 | 8,956 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 215,873 | 220,404 | 4,531 | - |
| Australian Dollar | Sell | 19/01/2022 | 213,035 | 219,382 | 6,347 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 213,472 | 219,942 | 6,470 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 212,890 | 219,923 | 7,033 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 211,362 | 218,152 | 6,790 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 209,979 | 216,821 | 6,842 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 142,023 | 144,571 | 2,548 | - |
| Australian Dollar | Sell | 19/01/2022 | 15,425 | 15,701 | 276 | - |
| Australian Dollar | Sell | 19/01/2022 | 142,315 | 144,992 | 2,677 | - |
| Australian Dollar | Sell | 19/01/2022 | 112,557 | 114,912 | 2,355 | - |
| Australian Dollar | Sell | 19/01/2022 | 496,500 | 506,666 | 10,166 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 425,561 | 431,464 | 5,903 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 236,245 | 231,171 | (5,074) | - |
| Australian Dollar | Sell | 19/01/2022 | 19,863 | 19,436 | (427) | - |
| Australian Dollar | Sell | 19/01/2022 | 218 | 216 | (2) | - |
| British Pound | Buy | 16/03/2022 | 812 | 798 | 14 | - |
| British Pound | Buy | 16/03/2022 | 1,624 | 1,591 | 33 | - |
| British Pound | Buy | 16/03/2022 | 58,997 | 57,732 | 1,265 | - |
| British Pound | Buy | 16/03/2022 | 8,119 | 7,943 | 176 | - |
| British Pound | Buy | 16/03/2022 | 271 | 265 | 6 | - |
| British Pound | Buy | 16/03/2022 | 541 | 529 | 12 | - |
| British Pound | Buy | 19/01/2022 | 9,162,577 | 9,023,689 | 138,888 | 0.13 |
| British Pound | Sell | 16/03/2022 | 2,154,467 | 2,120,151 | (34,316) | (0.04) |
| British Pound | Sell | 16/03/2022 | 24,357 | 23,834 | (523) | - |
| British Pound | Sell | 16/03/2022 | 812 | 793 | (19) | - |
| British Pound | Sell | 16/03/2022 | 135 | 132 | (3) | - |
| British Pound | Sell | 19/01/2022 | 708,833 | 695,278 | (13,555) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 390,682 | 397,189 | (6,507) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 3,004 | 3,002 | 2 | - |
| Canadian Dollar | Buy | 19/01/2022 | 1,344 | 1,331 | 13 | - |
| Canadian Dollar | Buy | 19/01/2022 | 1,423 | 1,406 | 17 | - |
| Canadian Dollar | Buy | 19/01/2022 | 146,565 | 145,003 | 1,562 | - |
| Canadian Dollar | Buy | 19/01/2022 | 57,709 | 57,740 | (31) | - |
| Canadian Dollar | Buy | 19/01/2022 | 1,976 | 1,939 | 37 | - |
| Canadian Dollar | Buy | 19/01/2022 | 870 | 860 | 10 | - |
| Canadian Dollar | Buy | 19/01/2022 | 158 | 157 | 1 | - |
| Canadian Dollar | Buy | 19/01/2022 | 438,035 | 444,795 | (6,760) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 326,333 | 331,212 | (4,879) | - |
| Canadian Dollar | Buy | 19/01/2022 | 326,649 | 331,775 | (5,126) | - |
| Canadian Dollar | Buy | 19/01/2022 | 215,579 | 220,594 | (5,015) | - |
| Canadian Dollar | Buy | 19/01/2022 | 12,490 | 12,766 | (276) | - |
| Canadian Dollar | Buy | 19/01/2022 | 6,561 | 6,737 | (176) | - |
| Canadian Dollar | Buy | 19/01/2022 | 213,286 | 218,400 | (5,114) | - |
| Canadian Dollar | Sell | 19/01/2022 | 795,041 | 799,660 | 4,619 | - |
| Canadian Dollar | Sell | 19/01/2022 | 1,035,126 | 1,054,273 | 19,147 | 0.02 |
| Canadian Dollar | Sell | 19/01/2022 | 11,621 | 11,814 | 193 | - |
| Canadian Dollar | Sell | 19/01/2022 | 711,086 | 723,011 | 11,925 | 0.01 |
| Canadian Dollar | Sell | 19/01/2022 | 72,255 | 72,119 | (136) | - |
| Canadian Dollar | Sell | 19/01/2022 | 1,581 | 1,566 | (15) | - |
| Canadian Dollar | Sell | 19/01/2022 | 3,004 | 2,981 | (23) | - |
| Canadian Dollar | Sell | 19/01/2022 | 44,507 | 44,519 | 12 | - |
| Canadian Dollar | Sell | 19/01/2022 | 346,491 | 344,952 | (1,539) | - |

Counterparty	Currency
Contract
type*
Delivery
date
Value USD
Aggregate face value
USD
Unrealised Appreciation/ (Depreciation)
USD
% of Fund
| State Street Bank & Trust Company  cont. Euro | Buy | 16/03/2022 | USD 1,026 | USD 1,019 | USD 7 | - |
| --- | --- | --- | --- | --- | --- | --- |
| Euro | Buy | 16/03/2022 | 4,561 | 4,524 | 37 | - |
| Euro | Buy | 16/03/2022 | 406,357 | 403,143 | 3,214 | - |
| Euro | Buy | 16/03/2022 | 342 | 339 | 3 | - |
| Euro | Buy | 16/03/2022 | 1,026 | 1,022 | 4 | - |
| Euro | Buy | 16/03/2022 | 1,140 | 1,135 | 5 | - |
| Euro | Sell | 16/03/2022 | 291,998 | 291,113 | (885) | - |
| Euro | Sell | 16/03/2022 | 1,401,613 | 1,396,977 | (4,636) | - |
| Euro | Sell | 16/03/2022 | 10,148 | 10,072 | (76) | - |
| Euro | Sell | 16/03/2022 | 342 | 339 | (3) | - |
| Euro | Sell | 19/01/2022 | 6,605 | 6,602 | (3) | - |
| Japanese Yen | Buy | 16/02/2022 | 71,290 | 72,281 | (991) | - |
| Japanese Yen | Buy | 16/02/2022 | 215,808 | 217,592 | (1,784) | - |
| Japanese Yen | Sell | 16/02/2022 | 4,049,838 | 4,097,543 | 47,704 | 0.04 |
| Japanese Yen | Sell | 16/02/2022 | 567,180 | 573,331 | 6,151 | 0.01 |
| Japanese Yen | Sell | 16/02/2022 | 399,989 | 405,777 | 5,788 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 69,918 | 72,779 | (2,861) | - |
| New Zealand Dollar | Buy | 19/01/2022 | 139,494 | 144,938 | (5,444) | - |
| New Zealand Dollar | Buy | 19/01/2022 | 138,877 | 145,204 | (6,327) | (0.01) |
| New Zealand Dollar | Buy | 19/01/2022 | 414,714 | 431,016 | (16,302) | (0.01) |
| New Zealand Dollar | Buy | 19/01/2022 | 416,358 | 430,472 | (14,114) | (0.01) |
| New Zealand Dollar | Buy | 19/01/2022 | 69,918 | 71,771 | (1,853) | - |
| New Zealand Dollar | Buy | 19/01/2022 | 72,178 | 71,884 | 294 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 3,629 | 3,617 | 12 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 116,621 | 115,468 | 1,153 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 319,116 | 315,961 | 3,155 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 34,035 | 33,864 | 171 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 416,495 | 436,987 | (20,492) | (0.02) |
| New Zealand Dollar | Buy | 19/01/2022 | 483,673 | 501,209 | (17,536) | (0.01) |
| New Zealand Dollar | Sell | 19/01/2022 | 708,287 | 719,800 | 11,513 | 0.01 |
| New Zealand Dollar | Sell | 19/01/2022 | 107,582 | 111,799 | 4,217 | - |
| New Zealand Dollar | Sell | 19/01/2022 | 290,560 | 286,579 | (3,981) | - |
| New Zealand Dollar | Sell | 19/01/2022 | 3,424 | 3,371 | (53) | - |
| New Zealand Dollar | Sell | 19/01/2022 | 68 | 68 | - | - |
| New Zealand Dollar | Sell | 19/01/2022 | 1,585,104 | 1,561,490 | (23,614) | (0.03) |
| New Zealand Dollar | Sell | 19/01/2022 | 342 | 338 | (4) | - |
| Norwegian Krone | Buy | 16/03/2022 | 748 | 718 | 30 | - |
| Norwegian Krone | Buy | 16/03/2022 | 454 | 442 | 12 | - |
| Norwegian Krone | Sell | 16/03/2022 | 187,724 | 181,903 | (5,821) | - |
| Norwegian Krone | Sell | 16/03/2022 | 68 | 66 | (2) | - |
| Swedish Krona | Buy | 16/03/2022 | 1,927 | 1,910 | 17 | - |
| Swedish Krona | Buy | 16/03/2022 | 2,414 | 2,417 | (3) | - |
| Swedish Krona | Buy | 16/03/2022 | 11 | 11 | - | - |
| Swedish Krona | Sell | 16/03/2022 | 590,840 | 591,449 | 609 | - |
| Swedish Krona | Sell | 16/03/2022 | 2,580 | 2,566 | (14) | - |
| Swedish Krona | Sell | 16/03/2022 | 43,362 | 43,137 | (225) | - |
| Swiss Franc | Buy | 16/03/2022 | 1,240,782 | 1,232,008 | 8,774 | 0.01 |
| Swiss Franc | Buy | 16/03/2022 | 990 | 974 | 16 | - |
| Swiss Franc | Buy | 16/03/2022 | 58,713 | 57,836 | 877 | - |
| Swiss Franc | Buy | 16/03/2022 | 6,047 | 5,991 | 56 | - |
| Swiss Franc | Sell | 16/03/2022 | 110 | 109 | (1) | - |
| Swiss Franc | Sell | 16/03/2022 | 110 | 109 | (1) | - |
| Swiss Franc | Sell | 16/03/2022 | 68,169 | 67,151 | (1,018) | - |

| Counterparty | Currency | Contract type* | Delivery date | Value USD | Aggregate face value USD | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| State Street Bank & Trust Company  cont. Swiss Franc | Sell | 16/03/2022 | USD 337,656 | USD 332,614 | USD (5,042) | - |
| Swiss Franc | Sell | 16/03/2022 | 110 | 109 | (1) | - |
| Swiss Franc | Sell | 16/03/2022 | 770 | 758 | (12) | - |
| Swiss Franc | Sell | 16/03/2022 | 110 | 110 | - | - |
| Toronto-Dominion Bank Australian Dollar | Buy | 19/01/2022 | 474,891 | 480,548 | (5,657) | - |
| Australian Dollar | Buy | 19/01/2022 | 797,281 | 798,469 | (1,188) | - |
| Australian Dollar | Sell | 19/01/2022 | 1,272,172 | 1,244,262 | (27,910) | (0.03) |
| British Pound | Buy | 16/03/2022 | 200,941 | 197,717 | 3,224 | - |
| British Pound | Sell | 16/03/2022 | 295,390 | 288,398 | (6,992) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 2,102,427 | 2,077,048 | 25,379 | 0.02 |
| Canadian Dollar | Buy | 19/01/2022 | 326,333 | 331,218 | (4,885) | - |
| Canadian Dollar | Sell | 19/01/2022 | 840,576 | 845,376 | 4,800 | - |
| Canadian Dollar | Sell | 19/01/2022 | 1,034,968 | 1,054,114 | 19,146 | 0.02 |
| Canadian Dollar | Sell | 19/01/2022 | 711,086 | 723,003 | 11,917 | 0.01 |
| Euro | Buy | 16/03/2022 | 406,243 | 403,041 | 3,202 | - |
| Euro | Sell | 16/03/2022 | 1,724,966 | 1,719,412 | (5,554) | - |
| Japanese Yen | Buy | 16/02/2022 | 959,789 | 971,109 | (11,320) | (0.01) |
| Japanese Yen | Sell | 16/02/2022 | 399,989 | 405,767 | 5,778 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 568,383 | 560,033 | 8,350 | 0.01 |
| New Zealand Dollar | Sell | 19/01/2022 | 568,383 | 577,790 | 9,407 | 0.01 |
| Norwegian Krone | Sell | 16/03/2022 | 116,384 | 113,497 | (2,887) | - |
| Swedish Krona | Sell | 16/03/2022 | 34,581 | 34,616 | 35 | - |
| UBS AG Australian Dollar | Buy | 19/01/2022 | 413,120 | 404,127 | 8,993 | 0.01 |
| Australian Dollar | Buy | 19/01/2022 | 113,939 | 114,092 | (153) | - |
| Australian Dollar | Sell | 19/01/2022 | 527,058 | 545,980 | 18,922 | 0.02 |
| British Pound | Sell | 16/03/2022 | 97,020 | 95,456 | (1,564) | - |
| Canadian Dollar | Buy | 19/01/2022 | 2,702,917 | 2,718,365 | (15,448) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 331,629 | 334,385 | (2,756) | - |
| Canadian Dollar | Sell | 19/01/2022 | 1,034,968 | 1,054,130 | 19,162 | 0.02 |
| Canadian Dollar | Sell | 19/01/2022 | 356,057 | 362,782 | 6,725 | 0.01 |
| Canadian Dollar | Sell | 19/01/2022 | 1,643,522 | 1,623,555 | (19,967) | (0.02) |
| Euro | Buy | 16/03/2022 | 1,084,190 | 1,080,688 | 3,502 | - |
| Euro | Buy | 19/01/2022 | 126,753 | 125,805 | 948 | - |
| Japanese Yen | Buy | 16/02/2022 | 3,669,347 | 3,711,264 | (41,917) | (0.05) |
| Japanese Yen | Sell | 16/02/2022 | 567,181 | 573,337 | 6,156 | 0.01 |
| New Zealand Dollar | Buy | 19/01/2022 | 483,673 | 501,230 | (17,557) | (0.02) |
| New Zealand Dollar | Buy | 19/01/2022 | 416,289 | 430,404 | (14,115) | (0.01) |
| New Zealand Dollar | Buy | 19/01/2022 | 76,424 | 77,703 | (1,279) | - |
| New Zealand Dollar | Buy | 19/01/2022 | 429,917 | 440,657 | (10,740) | (0.01) |
| New Zealand Dollar | Sell | 19/01/2022 | 212,425 | 216,963 | 4,538 | - |
| New Zealand Dollar | Sell | 19/01/2022 | 1,193,878 | 1,176,120 | (17,758) | (0.02) |
| Norwegian Krone | Buy | 16/03/2022 | 669 | 648 | 21 | - |
| Norwegian Krone | Buy | 16/03/2022 | 442 | 440 | 2 | - |
| Norwegian Krone | Sell | 16/03/2022 | 79 | 78 | (1) | - |
| Swedish Krona | Buy | 16/03/2022 | 974 | 968 | 6 | - |
| Swiss Franc | Buy | 16/03/2022 | 189,333 | 187,979 | 1,354 | - |
| Swiss Franc | Buy | 16/03/2022 | 110 | 108 | 2 | - |
| Westpac Banking Corporation British Pound | Buy | 16/03/2022 | 364,400 | 358,596 | 5,804 | - |
| Canadian Dollar | Buy | 19/01/2022 | 355,662 | 357,694 | (2,032) | - |
| Canadian Dollar | Sell | 19/01/2022 | 355,662 | 351,330 | (4,332) | - |
| Euro | Sell | 16/03/2022 | 499,281 | 497,702 | (1,579) | - |

| Counterparty | Currency | Contract type* | Delivery date | Value USD | Aggregate face value USD | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Westpac Banking Corporation  cont. Japanese Yen | Sell | 16/02/2022 | USD 135,945 | USD 137,521 | USD 1,576 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 733,899 | 723,090 | 10,809 | 0.01 |
| New Zealand Dollar | Buy | 19/01/2022 | 483,673 | 501,222 | (17,549) | (0.01) |
| New Zealand Dollar | Sell | 19/01/2022 | 1,217,572 | 1,237,831 | 20,259 | 0.02 |
| Unrealised Appreciation on Forward Foreign Exchange Currency Contracts | USD 2,710,899 | 2.32 |
| Unrealised Depreciation on Forward Foreign Exchange Currency Contracts | USD (1,186,675) | (1.02) |
| Net Unrealised Appreciation on Forward Foreign Exchange Currency Contracts | USD 1,524,224 | 1.30 |
| Total Financial Assets at Fair Value through Profit or Loss | USD 178,968,236 | 152.97 |
| Total Financial Liabilities at Fair Value through Profit or Loss | USD (40,091,421) | (34.27) |
| * The exchange currency for all contracts listed is the United States Dollar. |  |  |
| Analysis of Total Assets |  | % of Total Assets |
| Transferable securities admitted to official stock exchange listing |  | 13.02 |
| Transferable securities dealt on another regulated market |  | 51.24 |
| Other transferable securities of the type referred to in Regulation 68(1)(a), (b) and (c) |  | 15.53 |
| OTC financial derivative instruments |  | 4.34 |
| Centrally cleared financial derivative instruments |  | - |
| Other assets |  | 15.87 |
| Total Assets |  | 100.00 |


## Schedule of Investments 31 December 2021
NON-U.S. EQUITIES (0.16%) (30 June 2021: 0.16%)	U.S. EQUITIES (0.80%) (30 June 2021: 0.93%) 
cont.	
Number of
Shares
Medical Technology (0.16%)
Value USD
% of Fund
Number of
Shares
Home Builders (0.10%)
Value USD
% of Fund
6,855 Ortho Clinical Diagnostics Holdings PLC
(United Kingdom)	USD 146,629	0.16
146,629	0.16
Software (-%)
45 Clarivate PLC (Jersey)	1,058	-
1,651 PulteGroup Incorporated	USD 94,371	0.10
94,371  0.10
Media (-%)
6 Sirius XM Holdings Incorporated	38	-
| Total Non-U.S. Equities | 1,058 USD 147,687 | - 0.16 |  | Oil and Natural Gas Utilities (0.53%) 7,900 Antero Resources Corporation | 138,250 | 0.15 |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  | 387 Milagro Oil & Gas Incorporated (F) | 987 | - |

38	-
U.S. EQUITIES (0.80%) (30 June 2021: 0.93%)	
2,735 Oasis Petroleum Incorporated	344,583  0.38
Number of
Shares Automotive (0.17%)
Value USD
% of Fund
483,820  0.53
Total U.S. Equities	USD 729,201  0.80
2,575 General Motors Company	USD 150,972	0.17
150,972	0.17
WARRANTS (-%) (30 June 2021: -%)
Number of Warrants
Value USD
% of Fund
41 Guaranteed Rate Incorporated (F)	USD 2	-
| REPURCHASE AGREEMENTS (5.48%) (30 June 2021: -%) | Total Warrants |  |  | USD 2 | - |
| --- | --- | --- | --- | --- | --- |
| Principal Amount | Effective Yield | Maturity Date | Value USD |  | % of Fund |
| USD 5,010,000 Repurchase Agreement - Bofa Securities Incorporated* | 0.05 | 03/01/2022 | USD 5,010,000 |  | 5.48 |
| Total Repurchase Agreements |  |  | USD 5,010,000 |  | 5.48 |

*Interest in USD10,143,000 bulk repurchase agreement dated 31 December 2021 with BofA Securities Incorporated due 3 January 2022 - maturity value of USD5,010,021 for an effective yield of 0.050% (collateralized by U.S. Treasuries (including strips) with a coupon rate of 0.750% and a due date of 31 December 2023, valued at USD10,345,860).
NON-U.S. CORPORATE BONDS AND NOTES (29.65%) (30 June 2021: 34.66%)
Principal Amount
Coupon
Rate
Maturity Dates
Value USD
% of Fund
| Advertising (0.38%) EUR 295,000 Summer BC Holdco B SARL (Luxembourg)	5.75 | 31/10/2026 | USD 349,245 | 0.38 |
| --- | --- | --- | --- |
|  |  | 349,245 | 0.38 |
| Aerospace and Defense (0.41%) USD 70,000 Bombardier Incorporated (Canada) | 6.00 | 15/02/2028 | 70,212 | 0.08 |
| 180,000 Bombardier Incorporated (Canada) | 7.88 | 15/04/2027 | 186,678 | 0.21 |
| 110,000 Bombardier Incorporated (Canada) | 7.13 | 15/06/2026 | 114,115 | 0.12 |
|  |  |  | 371,005 | 0.41 |
| Airlines (0.79%) 20,000 Air Canada (Canada) | 3.88 | 15/08/2026 | 20,475 | 0.02 |
| 200,000 American Airlines Incorporated (International) | 5.75 | 20/04/2029 | 213,744 | 0.23 |
| 100,000 American Airlines Incorporated (International) | 5.50 | 20/04/2026 | 103,988 | 0.11 |
| 355,000 Delta Air Lines Incorporated (International) | 4.75 | 20/10/2028 | 387,653 | 0.43 |
|  |  |  | 725,860 | 0.79 |
| Auto Parts and Equipment (1.41%) 200,000 Adient Global Holdings Limited (Jersey) | 4.88 | 15/08/2026 | 204,000 | 0.22 |
| 360,000 Clarios Global LP (International) | 8.50 | 15/05/2027 | 381,600 | 0.42 |
| EUR 380,000 Gestamp Automocion SA (Spain) | 3.25 | 30/04/2026 | 435,342 | 0.48 |
| 250,000 Grupo Antolin-Irausa SA (Spain) | 3.50 | 30/04/2028 | 267,234 | 0.29 |
|  |  |  | 1,288,176 | 1.41 |

NON-U.S. CORPORATE BONDS AND NOTES (29.65%) (30 June 2021: 34.66%) cont.
Principal
Coupon
Maturity
Value
% of
| Amount | Rate | Dates | USD | Fund |
| --- | --- | --- | --- | --- |
| Automotive (0.41%) EUR 300,000 Volkswagen International Finance NV (Netherlands) | 3.88 | 31/12/2099 | USD 370,582 | 0.41 |
|  |  |  | 370,582 | 0.41 |
| Banking (4.10%) 130,000 Banca Monte dei Paschi di Siena SpA (Italy) | 5.38 | 18/01/2028 | 115,999 | 0.13 |
| 200,000 Banco Santander SA (Spain) | 4.13 | 31/12/2099 | 229,476 | 0.25 |
| GBP 250,000 Barclays PLC (United Kingdom) | 7.88 | 29/12/2049 | 351,945 | 0.38 |
| EUR 200,000 Commerzbank AG (Germany) | 4.25 | 31/12/2099 | 226,145 | 0.25 |
| 200,000 Commerzbank AG (Germany) | 6.13 | 31/03/2099 | 247,626 | 0.27 |
| USD 250,000 Credit Suisse Group AG (Switzerland) | 7.25 | 31/12/2099 | 274,720 | 0.30 |
| 600,000 Deutsche Bank AG (Germany) | 6.00 | 31/12/2099 | 623,249 | 0.68 |
| EUR 335,000 Intesa Sanpaolo SpA (Italy) | 6.25 | 31/12/2099 | 414,770 | 0.45 |
| USD 200,000 Societe Generale SA (France) | 5.38 | 31/12/2099 | 210,080 | 0.23 |
| EUR 260,300 Stichting AK Rabobank Certificaten (Netherlands) | 6.50 | 29/12/2049 | 407,113 | 0.45 |
| USD 400,000 UBS Group AG (Switzerland) | 7.00 | 31/12/2099 | 431,300 | 0.47 |
| EUR 200,000 UniCredit SpA (Italy) | 3.88 | 31/12/2099 | 217,738 | 0.24 |
|  |  |  | 3,750,161 | 4.10 |
| Beverages (0.37%) |  |  |  |  |
| 290,000 Sunshine Mid BV (Netherlands)	6.50 | 15/05/2026 | 338,541 | 0.37 |
|  |  | 338,541 | 0.37 |
| Building Materials (0.10%) |  |  |  |  |
| USD 90,000 Masonite International Corporation (Canada) | 3.50 | 15/02/2030 | 88,988 | 0.10 |
|  |  |  | 88,988 | 0.10 |
| Chemicals (0.86%) |  |  |  |  |
| USD 245,000 Herens Holdco Sarl (Luxembourg) | 4.75 | 15/05/2028 | 240,100 | 0.26 |
| EUR 100,000 Lune Holdings Sarl (Luxembourg) | 5.63 | 15/11/2028 | 113,766 | 0.12 |
| 140,000 Nobian Finance BV (Netherlands) | 3.63 | 15/07/2026 | 157,512 | 0.17 |
| USD 45,000 NOVA Chemicals Corporation (Canada) | 4.25 | 15/05/2029 | 45,183 | 0.05 |
| 225,000 Trinseo Materials Operating SCA (Luxembourg) | 5.13 | 01/04/2029 | 229,500 | 0.26 |
|  |  |  | 786,061 | 0.86 |
| Commercial Services (2.34%) |  |  |  |  |
| 40,000 Garda World Security Corporation (Canada) | 6.00 | 01/06/2029 | 38,200 | 0.04 |
| 320,000 Garda World Security Corporation (Canada) | 9.50 | 01/11/2027 | 345,019 | 0.38 |
| EUR 465,000 La Financiere Atalian SASU (France) | 4.00 | 15/05/2024 | 519,127 | 0.57 |
| 355,000 Loxam SAS (France) | 3.75 | 15/07/2026 | 409,409 | 0.45 |
| 408,827 Techem Verwaltungsgesellschaft 674 mbH (Germany) | 6.00 | 30/07/2026 | 478,510 | 0.52 |
| 300,000 Verisure Midholding AB (Sweden) | 5.25 | 15/02/2029 | 346,455 | 0.38 |
|  |  |  | 2,136,720 | 2.34 |
| Diversified Financial Services (0.20%) |  |  |  |  |
| USD 120,000 goeasy Limited (Canada) | 4.38 | 01/05/2026 | 122,700 | 0.13 |
| 60,000 goeasy Limited (Canada) | 5.38 | 01/12/2024 | 61,650 | 0.07 |
|  |  |  | 184,350 | 0.20 |
| Electric Utilities (0.41%) |  |  |  |  |
| EUR 300,000 Electricite de France SA (France) | 5.38 | 29/01/2049 | 374,424 | 0.41 |
|  |  |  | 374,424 | 0.41 |
| Electronics (0.23%) |  |  |  |  |
| USD 205,000 Sensata Technologies BV (Netherlands) | 4.00 | 15/04/2029 | 208,844 | 0.23 |
|  |  |  | 208,844 | 0.23 |

NON-U.S. CORPORATE BONDS AND NOTES (29.65%) (30 June 2021: 34.66%) cont.
Principal
Coupon
Maturity
Value
% of
| Amount | Rate | Dates | USD | Fund |
| --- | --- | --- | --- | --- |
| Entertainment (0.34%) EUR 175,000 Banijay Entertainment SASU (France) | 3.50 | 01/03/2025 | USD 199,989 | 0.22 |
| 100,000 Motion Bondco DAC (Ireland) | 4.50 | 15/11/2027 | 108,474 | 0.12 |
|  |  |  | 308,463 | 0.34 |
| Environmental Control (0.23%) |  |  |  |  |
| USD 50,000 GFL Environmental Incorporated (Canada) | 4.75 | 15/06/2029 | 50,500 | 0.06 |
| 25,000 GFL Environmental Incorporated (Canada) | 3.50 | 01/09/2028 | 24,750 | 0.03 |
| EUR 120,000 Paprec Holding SA (France)	3.50 | 01/07/2028 | 138,615 | 0.14 |
|  |  | 213,865 | 0.23 |
| Food (0.61%) |  |  |  |  |
| 135,000 Casino Guichard Perrachon SA (France) | 5.25 | 15/04/2027 | 145,465 | 0.16 |
| 100,000 Casino Guichard Perrachon SA (France) | 6.63 | 15/01/2026 | 114,941 | 0.13 |
| 100,000 Casino Guichard Perrachon SA (France) | 3.58 | 07/02/2025 | 109,600 | 0.12 |
| 165,000 Picard Groupe SAS (France) | 3.88 | 01/07/2026 | 189,936 | 0.20 |
|  |  |  | 559,942 | 0.61 |
| Health-Care Services (1.11%) |  |  |  |  |
| 130,000 CAB SELAS (France) | 3.38 | 01/02/2028 | 147,665 | 0.16 |
| 320,000 Chrome Bidco SASU (France) | 3.50 | 31/05/2028 | 367,836 | 0.40 |
| 100,000 Laboratoire Eimer Selas (France) | 5.00 | 01/02/2029 | 115,164 | 0.13 |
| 335,000 Unilabs Subholding AB (Sweden) | 5.75 | 15/05/2025 | 385,275 | 0.42 |
|  |  |  | 1,015,940 | 1.11 |
| Home Builders (0.35%) |  |  |  |  |
| USD 200,000 Brookfield Residential Properties Incorporated (Canada) | 5.00 | 15/06/2029 | 200,140 | 0.22 |
| 115,000 Mattamy Group Corporation (Canada)	4.63 | 01/03/2030 | 117,122 | 0.13 |
|  |  | 317,262 | 0.35 |
| Internet (0.12%) |  |  |  |  |
| 120,000 Fiverr International Limited (Israel)	- | 01/11/2025 | 111,420 | 0.12 |
|  |  | 111,420 | 0.12 |
| Investment Companies (0.09%) |  |  |  |  |
| EUR 72,000 Vertical Holdco GmbH (International)	6.63 | 15/07/2028 | 86,291 | 0.09 |
|  |  | 86,291 | 0.09 |
| Leisure Time (0.25%) |  |  |  |  |
| 200,000 Pinnacle Bidco PLC (United Kingdom)	5.50 | 15/02/2025 | 232,823 | 0.25 |
|  |  | 232,823 | 0.25 |

Machinery (0.40%)
USD 145,000 Husky III Holding Limited (Canada)	13.00	15/02/2025	152,250	0.17
| 200,000 TK Elevator Holdco GmbH (Germany)	7.63 | 15/07/2028 | 214,250 | 0.23 |
| --- | --- | --- | --- |
|  |  | 366,500 | 0.40 |
| Media (2.13%) 375,000 Altice Financing SA (Luxembourg) | 5.00 | 15/01/2028 | 365,959 | 0.40 |
| EUR 275,000 Tele Columbus AG (Germany) | 3.88 | 02/05/2025 | 308,238 | 0.34 |
| 260,000 Virgin Media Finance PLC (United Kingdom) | 3.75 | 15/07/2030 | 295,261 | 0.32 |
| GBP 175,000 Virgin Media Secured Finance PLC (United Kingdom) | 4.13 | 15/08/2030 | 233,145 | 0.25 |
| 170,000 Virgin Media Secured Finance PLC (United Kingdom) | 5.25 | 15/05/2029 | 239,646 | 0.26 |
| EUR 455,000 Ziggo Bond Company BV (Netherlands)	3.38 | 28/02/2030 | 504,730 | 0.56 |
|  |  | 1,946,979 | 2.13 |

NON-U.S. CORPORATE BONDS AND NOTES (29.65%) (30 June 2021: 34.66%) cont.
| Principal Amount | Coupon Rate | Maturity Dates | Value USD | % of Fund |
| --- | --- | --- | --- | --- |
| Mining (0.94%) EUR 330,000 Constellium SE (France) | 3.13 | 15/07/2029 | USD 371,842 | 0.41 |
| USD 325,000 First Quantum Minerals Limited (Canada) | 6.88 | 01/03/2026 | 337,594 | 0.37 |
| 140,000 Hudbay Minerals Incorporated (Canada) | 6.13 | 01/04/2029 | 148,454 | 0.16 |
|  |  |  | 857,890 | 0.94 |
| Oil and Natural Gas Utilities (2.05%) 245,000 Petroleos Mexicanos (Mexico) | 5.95 | 28/01/2031 | 238,072 | 0.26 |
| 910,000 Petroleos Mexicanos (Mexico) | 6.84 | 23/01/2030 | 941,458 | 1.03 |
| 45,000 Precision Drilling Corporation (Canada) | 6.88 | 15/01/2029 | 45,865 | 0.05 |
| 185,000 Precision Drilling Corporation (Canada) | 7.13 | 15/01/2026 | 189,163 | 0.21 |
| 125,000 Transocean Incorporated (Cayman Islands) | 11.50 | 30/01/2027 | 122,500 | 0.13 |
| 85,000 Transocean Incorporated (Cayman Islands) | 0.50 | 30/01/2023 | 76,182 | 0.08 |
| 44,220 Transocean Pontus Limited (Cayman Islands) | 6.13 | 01/08/2025 | 43,115 | 0.05 |
| 230,000 Transocean Poseidon Limited (Cayman Islands) | 6.88 | 01/02/2027 | 222,238 | 0.24 |
|  |  |  | 1,878,593 | 2.05 |
| Packaging and Containers (1.30%) EUR 245,000 ARD Finance SA (Luxembourg) | 5.00 | 30/06/2027 | 285,969 | 0.31 |
| USD 200,000 ARD Finance SA (Luxembourg) | 6.50 | 30/06/2027 | 206,000 | 0.22 |
| 200,000 Canpack SA (International) | 3.88 | 15/11/2029 | 195,000 | 0.21 |
| 120,000 Intelligent Packaging Holdco Issuer LP (Canada) | 9.00 | 15/01/2026 | 125,700 | 0.14 |
| 90,000 Intelligent Packaging Limited Finco Incorporated (Canada) | 6.00 | 15/09/2028 | 92,475 | 0.10 |
| EUR 130,000 Kleopatra Holdings 2 SCA (Luxembourg) | 6.50 | 01/09/2026 | 134,963 | 0.15 |
| 135,000 Titan Holdings II BV (Netherlands) | 5.13 | 15/07/2029 | 152,476 | 0.17 |
|  |  |  | 1,192,583 | 1.30 |
| Pharmaceuticals (3.55%) USD 235,000 Bausch Health Companies Incorporated (Canada) | 7.25 | 30/05/2029 | 232,650 | 0.25 |
| 175,000 Bausch Health Companies Incorporated (Canada) | 6.25 | 15/02/2029 | 166,292 | 0.18 |
| 155,000 Bausch Health Companies Incorporated (Canada) | 4.88 | 01/06/2028 | 158,100 | 0.17 |
| 88,000 Endo Dac (International) | 6.00 | 30/06/2028 | 65,560 | 0.07 |
| 64,000 Endo Dac (International) | 9.50 | 31/07/2027 | 65,147 | 0.07 |
| 80,000 Endo Luxembourg Finance Company I Sarl (Luxembourg) | 6.13 | 01/04/2029 | 78,100 | 0.09 |
| 565,000 Jazz Securities DAC (Ireland) | 4.38 | 15/01/2029 | 585,024 | 0.65 |
| 292,000 Mallinckrodt International Finance SA (Luxembourg) | 10.00 | 15/04/2025 | 281,780 | 0.31 |
| EUR 505,000 Teva Pharmaceutical Finance Netherlands II BV (Netherlands) | 4.38 | 09/05/2030 | 567,410 | 0.62 |
| 430,000 Teva Pharmaceutical Finance Netherlands II BV (Netherlands) | 6.00 | 31/01/2025 | 527,148 | 0.58 |
| USD 310,000 Teva Pharmaceutical Finance Netherlands III BV (Netherlands) | 5.13 | 09/05/2029 | 303,896 | 0.33 |
| 200,000 Teva Pharmaceutical Finance Netherlands III BV (Netherlands) | 6.75 | 01/03/2028 | 213,000 | 0.23 |
|  |  |  | 3,244,107 | 3.55 |
| Pipelines (0.03%) |  |  |  |  |
| 30,000 Northriver Midstream Finance LP (Canada)	5.63 | 15/02/2026 | 31,050 | 0.03 |
|  |  | 31,050 | 0.03 |
| Real Estate (0.87%) EUR 155,000 Aedas Homes Opco SLU (Spain) | 4.00 | 15/08/2026 | 181,724 | 0.20 |
| 110,000 Foncia Management SASU (France) | 3.38 | 31/03/2028 | 122,879 | 0.13 |
| 155,000 Neinor Homes SA (Spain) | 4.50 | 15/10/2026 | 179,079 | 0.20 |
| 270,000 Via Celere Desarrollos Inmobiliarios SA (Spain) | 5.25 | 01/04/2026 | 316,103 | 0.34 |
|  |  |  | 799,785 | 0.87 |
| Retail (0.49%) USD 230,000 1011778 BC ULC (Canada) | 4.00 | 15/10/2030 | 225,975 | 0.26 |
| 65,000 1011778 BC ULC (Canada) | 4.38 | 15/01/2028 | 66,300 | 0.07 |
| EUR 100,000 Mobilux Finance SAS (France) | 4.25 | 15/07/2028 | 113,236 | 0.12 |
| GBP 900,000 Phosphorus Holdco PLC (United Kingdom) | 1.00 | 01/04/2022 | 36,546 | 0.04 |
|  |  |  | 442,057 | 0.49 |

NON-U.S. CORPORATE BONDS AND NOTES (29.65%) (30 June 2021: 34.66%) cont.
| Principal Amount | Coupon Rate | Maturity Dates | Value USD | % of Fund |
| --- | --- | --- | --- | --- |
| Telecommunications (2.20%) EUR 410,000 Altice France Holding SA (Luxembourg) | 8.00 | 15/05/2027 | USD 493,032 | 0.54 |
| 390,000 Altice France SA (France) | 3.38 | 15/01/2028 | 431,596 | 0.47 |
| 145,000 Lorca Telecom Bondco SA (Spain) | 4.00 | 18/09/2027 | 167,940 | 0.18 |
| 400,000 Telefonica Europe BV (Netherlands) | 5.88 | 31/03/2049 | 499,232 | 0.55 |
| GBP 145,000 Vmed O2 UK Financing I PLC (United Kingdom) | 4.50 | 15/07/2031 | 195,896 | 0.21 |
| EUR 195,000 WP/AP Telecom Holdings III BV (Netherlands) | 5.50 | 15/01/2030 | 225,695 | 0.25 |
|  |  |  | 2,013,391 | 2.20 |
| Transportation (0.58%) |  |  |  |  |
| 420,000 CMA CGM SA (France)	7.50 | 15/01/2026 | 526,120 | 0.58 |
|  |  | 526,120 | 0.58 |
| Total Non-U.S. Corporate Bonds and Notes |  |  | USD 27,118,018 | 29.65 |
| U.S. CORPORATE BONDS AND NOTES (57.73%) (30 June 2021: 60.94%) |  |  |  |  |
| Principal | Coupon | Maturity | Value | % of |
| Amount | Rate | Dates | USD | Fund |
| Advertising (0.25%) USD 105,000 Clear Channel Outdoor Holdings Incorporated | 7.75 | 15/04/2028 | USD 112,350 | 0.12 |
| 110,000 Terrier Media Buyer Incorporated	8.88 | 15/12/2027 | 118,885 | 0.13 |
|  |  | 231,235 | 0.25 |
| Aerospace and Defense (0.50%) |  |  |  |  |
| 20,000 TransDigm Incorporated | 4.88 | 01/05/2029 | 20,086 | 0.02 |
| 425,000 TransDigm Incorporated | 5.50 | 15/11/2027 | 437,750 | 0.48 |
|  |  |  | 457,836 | 0.50 |
| Airlines (0.18%) |  |  |  |  |
| 80,000 United Airlines Incorporated | 4.63 | 15/04/2029 | 82,500 | 0.09 |
| 80,000 United Airlines Incorporated | 4.38 | 15/04/2026 | 83,419 | 0.09 |
|  |  |  | 165,919 | 0.18 |
| Apparel (0.49%) |  |  |  |  |
| 210,000 Kontoor Brands Incorporated | 4.13 | 15/11/2029 | 210,263 | 0.23 |
| 235,000 Levi Strauss & Company | 3.50 | 01/03/2031 | 239,613 | 0.26 |
|  |  |  | 449,876 | 0.49 |
| Automotive (2.09%) |  |  |  |  |
| 155,000 Allison Transmission Incorporated | 3.75 | 30/01/2031 | 151,125 | 0.17 |
| 60,000 Ford Motor Company | 3.25 | 12/02/2032 | 61,307 | 0.07 |
| 490,000 Ford Motor Company | 7.45 | 16/07/2031 | 663,572 | 0.72 |
| 105,000 Ford Motor Company | 9.63 | 22/04/2030 | 153,694 | 0.17 |
| 200,000 Ford Motor Credit Company LLC | 4.00 | 13/11/2030 | 215,160 | 0.24 |
| 400,000 Ford Motor Credit Company LLC | 5.11 | 03/05/2029 | 454,500 | 0.49 |
| 205,000 PM General Purchaser LLC | 9.50 | 01/10/2028 | 207,699 | 0.23 |
|  |  |  | 1,907,057 | 2.09 |
| Banking (0.32%) |  |  |  |  |
| 100,000 Freedom Mortgage Corporation | 6.63 | 15/01/2027 | 97,750 | 0.11 |
| 195,000 Freedom Mortgage Corporation | 8.13 | 15/11/2024 | 197,438 | 0.21 |
|  |  |  | 295,188 | 0.32 |
| Building Materials (0.63%) |  |  |  |  |
| 85,000 Builders FirstSource Incorporated | 4.25 | 01/02/2032 | 87,992 | 0.10 |
| 125,000 JELD-WEN Incorporated | 4.88 | 15/12/2027 | 128,268 | 0.14 |
| 95,000 Standard Industries Incorporated | 3.38 | 15/01/2031 | 91,513 | 0.10 |
| 120,000 Standard Industries Incorporated | 4.38 | 15/07/2030 | 122,250 | 0.13 |
| 140,000 Standard Industries Incorporated | 4.75 | 15/01/2028 | 144,549 | 0.16 |
|  |  |  | 574,572 | 0.63 |

U.S. CORPORATE BONDS AND NOTES (57.73%) (30 June 2021: 60.94%) 
cont.
| Principal Amount | Coupon Rate | Maturity Dates | Value USD | % of Fund |
| --- | --- | --- | --- | --- |
| Chemicals (2.06%) USD 220,000 Ingevity Corporation | 3.88 | 01/11/2028 | USD 215,050 | 0.24 |
| 165,000 LSF11 A5 HoldCo LLC | 6.63 | 15/10/2029 | 162,525 | 0.18 |
| EUR 100,000 Olympus Water US Holding Corporation | 5.38 | 01/10/2029 | 109,849 | 0.12 |
| USD 200,000 Olympus Water US Holding Corporation | 6.25 | 01/10/2029 | 195,000 | 0.21 |
| 205,000 SCIH Salt Holdings Incorporated | 6.63 | 01/05/2029 | 191,675 | 0.21 |
| 135,000 SCIH Salt Holdings Incorporated | 4.88 | 01/05/2028 | 129,600 | 0.14 |
| EUR 100,000 SCIL IV LLC | 4.38 | 01/11/2026 | 115,818 | 0.13 |
| USD 320,000 Tronox Incorporated | 4.63 | 15/03/2029 | 319,600 | 0.35 |
| 120,000 WR Grace Holdings LLC | 5.63 | 15/08/2029 | 122,850 | 0.13 |
| 130,000 WR Grace Holdings LLC | 4.88 | 15/06/2027 | 133,527 | 0.15 |
| 175,000 WR Grace Holdings LLC | 5.63 | 01/10/2024 | 184,212 | 0.20 |
|  |  |  | 1,879,706 | 2.06 |
| Commercial Services (3.01%) 160,000 ADT Security Corporation | 4.13 | 01/08/2029 | 157,600 | 0.17 |
| 180,000 Block Incorporated | 3.50 | 01/06/2031 | 184,500 | 0.20 |
| 130,000 Carriage Services Incorporated | 4.25 | 15/05/2029 | 129,350 | 0.14 |
| 210,000 Gartner Incorporated | 3.75 | 01/10/2030 | 213,150 | 0.23 |
| 20,000 Gartner Incorporated | 3.63 | 15/06/2029 | 20,221 | 0.02 |
| 200,000 NESCO Holdings II Incorporated | 5.50 | 15/04/2029 | 206,500 | 0.23 |
| 105,000 Nielsen Finance LLC | 4.50 | 15/07/2029 | 103,293 | 0.11 |
| 325,000 Nielsen Finance LLC | 5.63 | 01/10/2028 | 335,563 | 0.37 |
| 355,000 PECF USS Intermediate Holding III Corporation | 8.00 | 15/11/2029 | 367,602 | 0.40 |
| 310,000 Prime Security Services Borrower LLC | 6.25 | 15/01/2028 | 323,175 | 0.35 |
| 240,000 Sabre GLBL Incorporated | 9.25 | 15/04/2025 | 271,200 | 0.30 |
| 100,000 Service Corporation International | 4.00 | 15/05/2031 | 101,250 | 0.11 |
| 305,000 Service Corporation International | 5.13 | 01/06/2029 | 327,112 | 0.36 |
| 15,000 Shift4 Payments LLC	4.63 | 01/11/2026 | 15,540 | 0.02 |
|  |  | 2,756,056 | 3.01 |
| Computers (0.64%) 225,000 Ahead DB Holdings LLC | 6.63 | 01/05/2028 | 223,313 | 0.24 |
| 190,000 Crowdstrike Holdings Incorporated | 3.00 | 15/02/2029 | 187,625 | 0.21 |
| 175,000 Diebold Nixdorf Incorporated | 8.50 | 15/04/2024 | 175,000 | 0.19 |
|  |  |  | 585,938 | 0.64 |
| Distribution/Wholesale (0.11%) 100,000 American Builders & Contractors Supply Company Incorporated | 3.88 | 15/11/2029 | 99,500 | 0.11 |
|  |  |  | 99,500 | 0.11 |
| Diversified Financial Services (3.41%) 245,000 AG Issuer LLC | 6.25 | 01/03/2028 | 254,188 | 0.28 |
| 325,000 Ally Financial Incorporated | 8.00 | 01/11/2031 | 460,059 | 0.50 |
| 245,000 Aretec Escrow Issuer Incorporated | 7.50 | 01/04/2029 | 250,723 | 0.27 |
| 285,000 Cobra AcquisitionCo LLC | 6.38 | 01/11/2029 | 281,438 | 0.31 |
| 90,000 Coinbase Global Incorporated | 3.63 | 01/10/2031 | 82,800 | 0.09 |
| 95,000 Coinbase Global Incorporated | 3.38 | 01/10/2028 | 88,825 | 0.10 |
| 120,000 Home Point Capital Incorporated | 5.00 | 01/02/2026 | 111,450 | 0.12 |
| 200,000 Nationstar Mortgage Holdings Incorporated | 5.75 | 15/11/2031 | 199,000 | 0.22 |
| 110,000 Nationstar Mortgage Holdings Incorporated | 5.13 | 15/12/2030 | 108,625 | 0.12 |
| 150,000 Nationstar Mortgage Holdings Incorporated | 5.50 | 15/08/2028 | 153,000 | 0.17 |
| 160,000 OneMain Finance Corporation | 4.00 | 15/09/2030 | 157,341 | 0.17 |
| 105,000 OneMain Finance Corporation | 5.38 | 15/11/2029 | 114,166 | 0.12 |
| 245,000 OneMain Finance Corporation | 7.13 | 15/03/2026 | 279,299 | 0.31 |
| 85,000 PennyMac Financial Services Incorporated | 5.75 | 15/09/2031 | 85,850 | 0.09 |
| 100,000 PennyMac Financial Services Incorporated | 5.38 | 15/10/2025 | 102,750 | 0.11 |
| 145,000 PHH Mortgage Corporation | 7.88 | 15/03/2026 | 149,917 | 0.16 |
| 239,000 Provident Funding Associates LP | 6.38 | 15/06/2025 | 243,183 | 0.27 |
|  |  |  | 3,122,614 | 3.41 |

U.S. CORPORATE BONDS AND NOTES (57.73%) (30 June 2021: 60.94%) 
cont.
| Principal Amount | Coupon Rate | Maturity Dates | Value USD | % of Fund |
| --- | --- | --- | --- | --- |
| Electric Utilities (0.64%) USD 375,000 Calpine Corporation | 4.50 | 15/02/2028 | USD 389,063 | 0.43 |
| 200,000 NRG Energy Incorporated	3.88 | 15/02/2032 | 196,000 | 0.21 |
|  |  | 585,063 | 0.64 |
| Electronics (0.58%) 325,000 Imola Merger Corporation | 4.75 | 15/05/2029 | 333,466 | 0.37 |
| 195,000 TTM Technologies Incorporated | 4.00 | 01/03/2029 | 193,538 | 0.21 |
|  |  |  | 527,004 | 0.58 |
| Engineering and Construction (0.20%) 50,000 Brand Industrial Services Incorporated | 8.50 | 15/07/2025 | 49,954 | 0.05 |
| 125,000 Great Lakes Dredge & Dock Corporation | 5.25 | 01/06/2029 | 128,750 | 0.15 |
|  |  |  | 178,704 | 0.20 |
| Entertainment (2.21%) 160,000 AMC Entertainment Holdings Incorporated | 10.50 | 15/04/2025 | 170,400 | 0.19 |
| 65,000 Caesars Entertainment Incorporated | 4.63 | 15/10/2029 | 65,000 | 0.07 |
| 160,000 Cinemark USA Incorporated | 5.25 | 15/07/2028 | 156,000 | 0.17 |
| 50,000 Cinemark USA Incorporated | 8.75 | 01/05/2025 | 53,000 | 0.06 |
| 65,000 Lions Gate Capital Holdings LLC | 5.50 | 15/04/2029 | 66,138 | 0.07 |
| 205,000 Live Nation Entertainment Incorporated | 5.63 | 15/03/2026 | 211,663 | 0.23 |
| 170,000 Penn National Gaming Incorporated | 5.63 | 15/01/2027 | 173,400 | 0.19 |
| 60,000 Raptor Acquisition Corporation | 4.88 | 01/11/2026 | 60,600 | 0.07 |
| 330,000 Scientific Games International Incorporated | 7.25 | 15/11/2029 | 367,950 | 0.40 |
| 120,000 Six Flags Entertainment Corporation | 5.50 | 15/04/2027 | 124,050 | 0.14 |
| 40,000 Six Flags Theme Parks Incorporated | 7.00 | 01/07/2025 | 42,718 | 0.05 |
| 525,000 Wynn Resorts Finance LLC | 5.13 | 01/10/2029 | 532,874 | 0.57 |
|  |  |  | 2,023,793 | 2.21 |
| Environmental Control (0.32%) 195,000 Madison IAQ LLC | 5.88 | 30/06/2029 | 194,999 | 0.22 |
| 95,000 Madison IAQ LLC | 4.13 | 30/06/2028 | 95,238 | 0.10 |
|  |  |  | 290,237 | 0.32 |
| Food (1.50%) 160,000 Albertsons Companies Incorporated | 4.88 | 15/02/2030 | 172,755 | 0.19 |
| 90,000 Albertsons Companies Incorporated | 4.63 | 15/01/2027 | 94,450 | 0.10 |
| 295,000 Fresh Market Incorporated | 9.75 | 01/05/2023 | 303,481 | 0.33 |
| 418,000 Kraft Heinz Foods Company | 5.00 | 15/07/2035 | 511,356 | 0.56 |
| 205,000 Lamb Weston Holdings Incorporated | 4.13 | 31/01/2030 | 209,100 | 0.23 |
| 75,000 Lamb Weston Holdings Incorporated | 4.88 | 15/05/2028 | 81,188 | 0.09 |
|  |  |  | 1,372,330 | 1.50 |
| Forest Products & Paper (0.26%) 235,000 Mercer International Incorporated | 5.13 | 01/02/2029 | 240,022 | 0.26 |
|  |  |  | 240,022 | 0.26 |
| Hand/Machine Tools (0.15%) |  |  |  |  |
| 130,000 Werner FinCo LP	8.75 | 15/07/2025 | 135,525 | 0.15 |
|  |  | 135,525 | 0.15 |
| Health-Care Services (2.58%) 225,000 Air Methods Corporation | 8.00 | 15/05/2025 | 192,656 | 0.21 |
| 65,000 Centene Corporation | 3.00 | 15/10/2030 | 66,073 | 0.07 |
| 210,000 Centene Corporation | 4.63 | 15/12/2029 | 225,750 | 0.25 |
| 95,000 Charles River Laboratories International Incorporated | 4.00 | 15/03/2031 | 97,256 | 0.11 |
| 90,000 Charles River Laboratories International Incorporated | 3.75 | 15/03/2029 | 91,125 | 0.10 |
| 290,000 CHS | 6.88 | 15/04/2029 | 295,438 | 0.32 |
| 275,000 CHS | 6.88 | 01/04/2028 | 269,500 | 0.29 |

U.S. CORPORATE BONDS AND NOTES (57.73%) (30 June 2021: 60.94%) 
cont.
Principal Amount
Coupon
Rate
Maturity Dates
Value USD
% of Fund
| Health-Care Services (2.58%)  cont. USD 125,000 Global Medical Response Incorporated | 6.50 | 01/10/2025 | USD 126,250 | 0.14 |
| --- | --- | --- | --- | --- |
| 120,000 HCA Incorporated | 3.50 | 01/09/2030 | 126,825 | 0.14 |
| 105,000 HCA Incorporated | 5.38 | 01/09/2026 | 117,994 | 0.13 |
| 205,000 Tenet Healthcare Corporation | 4.25 | 01/06/2029 | 208,175 | 0.23 |
| 450,000 Tenet Healthcare Corporation | 5.13 | 01/11/2027 | 468,563 | 0.51 |
| 70,000 Tenet Healthcare Corporation | 4.88 | 01/01/2026 | 71,899 | 0.08 |
|  |  |  | 2,357,504 | 2.58 |
| Household Products/Wares (0.26%) |  |  |  |  |
| 245,000 Spectrum Brands Incorporated	3.88 | 15/03/2031 | 241,938 | 0.26 |
|  |  | 241,938 | 0.26 |
| Housewares (0.56%) 200,000 Newell Brands Incorporated | 4.88 | 01/06/2025 | 218,000 | 0.24 |
| 95,000 Scotts Miracle-Gro Company | 4.38 | 01/02/2032 | 94,763 | 0.10 |
| 195,000 Scotts Miracle-Gro Company | 4.50 | 15/10/2029 | 203,287 | 0.22 |
|  |  |  | 516,050 | 0.56 |
| Insurance (0.86%) 175,000 Alliant Holdings Intermediate LLC | 6.75 | 15/10/2027 | 181,563 | 0.20 |
| 165,000 AmWINS Group Incorporated | 4.88 | 30/06/2029 | 166,650 | 0.18 |
| 55,000 HUB International Limited | 5.63 | 01/12/2029 | 56,662 | 0.06 |
| 160,000 HUB International Limited | 7.00 | 01/05/2026 | 164,400 | 0.18 |
| 215,000 USI Incorporated | 6.88 | 01/05/2025 | 216,612 | 0.24 |
|  |  |  | 785,887 | 0.86 |
| Internet (2.03%) 90,000 Arches Buyer Incorporated | 6.13 | 01/12/2028 | 90,562 | 0.10 |
| 225,000 Arches Buyer Incorporated | 4.25 | 01/06/2028 | 224,883 | 0.25 |
| 75,000 Match Group Holdings II LLC | 3.63 | 01/10/2031 | 72,844 | 0.08 |
| 265,000 Match Group Holdings II LLC | 4.63 | 01/06/2028 | 275,706 | 0.30 |
| 125,000 Millennium Escrow Corporation | 6.63 | 01/08/2026 | 125,313 | 0.14 |
| 95,000 Netflix Incorporated | 4.88 | 15/06/2030 | 110,794 | 0.12 |
| EUR 320,000 Netflix Incorporated | 4.63 | 15/05/2029 | 454,149 | 0.49 |
| USD 175,000 Netflix Incorporated | 5.88 | 15/11/2028 | 210,438 | 0.23 |
| 275,000 TripAdvisor Incorporated	7.00 | 15/07/2025 | 290,125 | 0.32 |
|  |  | 1,854,814 | 2.03 |
| Investment Companies (0.32%) 160,000 Icahn Enterprises LP | 4.38 | 01/02/2029 | 156,000 | 0.17 |
| 135,000 Icahn Enterprises LP | 5.25 | 15/05/2027 | 138,838 | 0.15 |
|  |  |  | 294,838 | 0.32 |
| Iron/Steel (0.64%) 320,000 Big River Steel LLC | 6.63 | 31/01/2029 | 346,000 | 0.38 |
| 240,000 TMS International Corporation | 6.25 | 15/04/2029 | 238,800 | 0.26 |
|  |  |  | 584,800 | 0.64 |
| Leisure Time (0.48%) 230,000 Constellation Merger Sub Incorporated | 8.50 | 15/09/2025 | 218,500 | 0.24 |
| 230,000 MajorDrive Holdings IV LLC | 6.38 | 01/06/2029 | 222,525 | 0.24 |
|  |  |  | 441,025 | 0.48 |
| Lodging (0.90%) 190,000 Boyd Gaming Corporation | 4.75 | 15/06/2031 | 193,800 | 0.21 |
| 210,000 Full House Resorts Incorporated | 8.25 | 15/02/2028 | 220,500 | 0.24 |
| 60,000 Station Casinos LLC | 4.63 | 01/12/2031 | 60,492 | 0.07 |
| 145,000 Station Casinos LLC | 4.50 | 15/02/2028 | 145,827 | 0.16 |
| 205,000 Sugarhouse HSP Gaming Prop Mezz LP | 5.88 | 15/05/2025 | 203,975 | 0.22 |
|  |  |  | 824,594 | 0.90 |

U.S. CORPORATE BONDS AND NOTES (57.73%) (30 June 2021: 60.94%) 
cont.
| Principal Amount | Coupon Rate | Maturity Dates | Value USD | % of Fund |
| --- | --- | --- | --- | --- |
| Machinery (0.96%) USD 285,000 Granite US Holdings Corporation | 11.00 | 01/10/2027 | USD 309,937 | 0.34 |
| 70,000 Middleby Corporation | 1.00 | 01/09/2025 | 111,869 | 0.12 |
| 270,000 OT Merger Corporation | 7.88 | 15/10/2029 | 265,613 | 0.30 |
| 175,000 Stevens Holding Company Incorporated | 6.13 | 01/10/2026 | 186,594 | 0.20 |
|  |  |  | 874,013 | 0.96 |
| Machinery-Construction and Mining (0.21%) 100,000 Terex Corporation | 5.00 | 15/05/2029 | 102,750 | 0.11 |
| 90,000 Vertiv Group Corporation | 4.13 | 15/11/2028 | 90,900 | 0.10 |
|  |  |  | 193,650 | 0.21 |
| Media (5.54%) 200,000 Audacy Capital Corporation | 6.75 | 31/03/2029 | 195,393 | 0.21 |
| 140,000 Beasley Mezzanine Holdings LLC | 8.63 | 01/02/2026 | 138,250 | 0.15 |
| 275,000 CCO Holdings LLC | 4.50 | 01/05/2032 | 282,906 | 0.31 |
| 145,000 CCO Holdings LLC | 4.75 | 01/03/2030 | 150,800 | 0.16 |
| 615,000 CCO Holdings LLC | 5.38 | 01/06/2029 | 663,667 | 0.74 |
| 130,000 Cengage Learning Incorporated | 9.50 | 15/06/2024 | 130,813 | 0.14 |
| 95,000 Clear Channel Worldwide Holdings Incorporated | 5.13 | 15/08/2027 | 98,302 | 0.11 |
| 160,000 Directv Financing LLC | 5.88 | 15/08/2027 | 163,794 | 0.18 |
| 195,000 DISH DBS Corporation | 5.13 | 01/06/2029 | 177,450 | 0.19 |
| 165,000 DISH DBS Corporation | 5.75 | 01/12/2028 | 166,650 | 0.18 |
| 90,000 DISH DBS Corporation | 5.25 | 01/12/2026 | 91,421 | 0.10 |
| 110,000 DISH DBS Corporation | 7.75 | 01/07/2026 | 116,050 | 0.13 |
| 135,000 DISH DBS Corporation | 5.88 | 15/11/2024 | 138,680 | 0.15 |
| 105,000 DISH Network Corporation | 3.38 | 15/08/2026 | 99,388 | 0.11 |
| 210,000 Gray Escrow II Incorporated | 5.38 | 15/11/2031 | 216,037 | 0.24 |
| 90,000 iHeartCommunications Incorporated | 5.25 | 15/08/2027 | 93,609 | 0.10 |
| 125,456 iHeartCommunications Incorporated | 8.38 | 01/05/2027 | 132,356 | 0.14 |
| 280,000 McGraw-Hill Education Incorporated | 5.75 | 01/08/2028 | 277,199 | 0.30 |
| 155,000 News Corporation | 3.88 | 15/05/2029 | 156,550 | 0.17 |
| 115,000 Scripps Escrow II Incorporated | 5.38 | 15/01/2031 | 116,869 | 0.13 |
| 45,000 Sinclair Television Group Incorporated | 4.13 | 01/12/2030 | 42,638 | 0.05 |
| 280,000 Sirius XM Radio Incorporated | 3.88 | 01/09/2031 | 274,526 | 0.30 |
| 285,000 Sirius XM Radio Incorporated | 4.00 | 15/07/2028 | 286,593 | 0.32 |
| 145,000 Spanish Broadcasting System Incorporated | 9.75 | 01/03/2026 | 149,169 | 0.16 |
| 175,000 Townsquare Media Incorporated | 6.88 | 01/02/2026 | 185,719 | 0.20 |
| 90,000 Univision Communications Incorporated | 4.50 | 01/05/2029 | 90,900 | 0.10 |
| 45,000 Univision Communications Incorporated | 6.63 | 01/06/2027 | 48,488 | 0.05 |
| 150,000 Univision Communications Incorporated | 9.50 | 01/05/2025 | 160,313 | 0.18 |
| 215,000 Urban One Incorporated | 7.38 | 01/02/2028 | 221,450 | 0.24 |
|  |  |  | 5,065,980 | 5.54 |
| Medical Technology (0.23%) 145,000 Mozart Debt Merger Sub Incorporated | 5.25 | 01/10/2029 | 146,977 | 0.16 |
| 65,000 Mozart Debt Merger Sub Incorporated | 3.88 | 01/04/2029 | 64,771 | 0.07 |
|  |  |  | 211,748 | 0.23 |
| Metal Fabricate/Hardware (0.28%) 210,000 Park-Ohio Industries Incorporated | 6.63 | 15/04/2027 | 203,805 | 0.22 |
| 55,000 Roller Bearing Company of America Inc | 4.38 | 15/10/2029 | 56,100 | 0.06 |
|  |  |  | 259,905 | 0.28 |
| Mining (1.03%) 140,000 Coeur Mining Incorporated | 5.13 | 15/02/2029 | 128,303 | 0.14 |
| 260,000 Compass Minerals International Incorporated | 6.75 | 01/12/2027 | 275,296 | 0.31 |
| 365,000 Freeport-McMoRan Incorporated | 5.45 | 15/03/2043 | 458,838 | 0.50 |
| 40,000 Novelis Corporation | 3.88 | 15/08/2031 | 39,750 | 0.04 |
| 40,000 Novelis Corporation | 3.25 | 15/11/2026 | 40,350 | 0.04 |
|  |  |  | 942,537 | 1.03 |

U.S. CORPORATE BONDS AND NOTES (57.73%) (30 June 2021: 60.94%) 
cont.
| Principal Amount | Coupon Rate | Maturity Dates | Value USD | % of Fund |
| --- | --- | --- | --- | --- |
| Miscellaneous Manufacturer (0.26%) USD 230,000 Amsted Industries Incorporated	4.63 | 15/05/2030 | USD 235,750 | 0.26 |
|  |  | 235,750 | 0.26 |
| Oil and Natural Gas Utilities (8.14%) 88,000 Antero Resources Corporation | 7.63 | 01/02/2029 | 97,680 | 0.11 |
| 71,000 Antero Resources Corporation | 8.38 | 15/07/2026 | 80,838 | 0.09 |
| 215,000 Apache Corporation | 5.10 | 01/09/2040 | 242,950 | 0.27 |
| 115,000 Apache Corporation | 4.38 | 15/10/2028 | 125,119 | 0.14 |
| 65,000 Apache Corporation | 4.63 | 15/11/2025 | 69,794 | 0.08 |
| 135,000 Callon Petroleum Company | 8.00 | 01/08/2028 | 136,350 | 0.15 |
| 110,000 Callon Petroleum Company | 9.00 | 01/04/2025 | 118,800 | 0.13 |
| 230,000 Callon Petroleum Company | 6.13 | 01/10/2024 | 226,550 | 0.25 |
| 285,000 Centennial Resource Production LLC | 6.88 | 01/04/2027 | 290,700 | 0.32 |
| 225,000 Centennial Resource Production LLC | 5.38 | 15/01/2026 | 220,500 | 0.24 |
| 195,000 Comstock Resources Incorporated | 5.88 | 15/01/2030 | 199,875 | 0.22 |
| 105,000 Comstock Resources Incorporated | 6.75 | 01/03/2029 | 113,883 | 0.12 |
| 210,000 Continental Resources Incorporated | 4.90 | 01/06/2044 | 232,838 | 0.25 |
| 315,000 Continental Resources Incorporated | 2.88 | 01/04/2032 | 308,149 | 0.34 |
| 175,000 CrownRock LP | 5.00 | 01/05/2029 | 181,563 | 0.20 |
| 140,000 Devon Energy Corporation | 7.95 | 15/04/2032 | 196,153 | 0.21 |
| 160,000 Devon Energy Corporation | 7.88 | 30/09/2031 | 224,000 | 0.24 |
| 260,000 Encino Acquisition Partners Holdings LLC | 8.50 | 01/05/2028 | 270,075 | 0.30 |
| 145,000 Endeavor Energy Resources LP | 6.63 | 15/07/2025 | 153,414 | 0.17 |
| 165,000 EQT Corporation | 7.50 | 01/02/2030 | 212,025 | 0.23 |
| 305,000 Nabors Industries Incorporated | 0.75 | 15/01/2024 | 265,350 | 0.29 |
| 95,000 Oasis Petroleum Incorporated | 6.38 | 01/06/2026 | 99,513 | 0.11 |
| 505,000 Occidental Petroleum Corporation | 6.20 | 15/03/2040 | 621,149 | 0.67 |
| 525,000 Occidental Petroleum Corporation | 6.45 | 15/09/2036 | 669,377 | 0.72 |
| 115,000 Ovintiv Incorporated | 6.63 | 15/08/2037 | 150,546 | 0.16 |
| 240,000 Ovintiv Incorporated | 7.38 | 01/11/2031 | 312,842 | 0.34 |
| 170,000 PBF Holding Company LLC | 9.25 | 15/05/2025 | 161,713 | 0.18 |
| 205,000 Rockcliff Energy II LLC | 5.50 | 15/10/2029 | 211,150 | 0.23 |
| 165,000 SM Energy Company | 6.50 | 15/07/2028 | 170,775 | 0.19 |
| 175,000 SM Energy Company | 6.75 | 15/09/2026 | 179,813 | 0.20 |
| 55,000 SM Energy Company | 10.00 | 15/01/2025 | 60,535 | 0.07 |
| 190,000 Southwestern Energy Company | 5.38 | 15/03/2030 | 203,581 | 0.22 |
| 320,000 Southwestern Energy Company | 5.38 | 01/02/2029 | 338,400 | 0.37 |
| 175,000 USA Compression Partners LP | 6.88 | 01/04/2026 | 182,000 | 0.20 |
| 115,000 Viper Energy Partners LP | 5.38 | 01/11/2027 | 118,738 | 0.13 |
|  |  |  | 7,446,738 | 8.14 |
| Packaging and Containers (0.47%) 115,000 Graphic Packaging International LLC | 3.75 | 01/02/2030 | 116,231 | 0.13 |
| 210,000 Mauser Packaging Solutions Holding Company | 7.25 | 15/04/2025 | 210,531 | 0.23 |
| 65,000 Mauser Packaging Solutions Holding Company | 8.50 | 15/04/2024 | 66,950 | 0.07 |
| 35,000 Pactiv Evergreen Group Issuer LLC | 4.38 | 15/10/2028 | 34,738 | 0.04 |
|  |  |  | 428,450 | 0.47 |
| Pharmaceuticals (0.71%) 160,000 Elanco Animal Health Incorporated | 5.90 | 28/08/2028 | 185,600 | 0.20 |
| 55,000 Option Care Health Incorporated | 4.38 | 31/10/2029 | 55,138 | 0.06 |
| 210,000 Organon & Company | 4.13 | 30/04/2028 | 213,412 | 0.24 |
| 190,000 Owens & Minor Incorporated | 4.50 | 31/03/2029 | 194,750 | 0.21 |
|  |  |  | 648,900 | 0.71 |
| Pipelines (2.65%) 115,000 Antero Midstream Partners LP | 7.88 | 15/05/2026 | 126,735 | 0.14 |
| 100,000 Buckeye Partners LP | 5.85 | 15/11/2043 | 98,126 | 0.11 |

U.S. CORPORATE BONDS AND NOTES (57.73%) (30 June 2021: 60.94%) 
cont.
| Principal Amount | Coupon Rate | Maturity Dates | Value USD | % of Fund |
| --- | --- | --- | --- | --- |
| Pipelines (2.65%)  cont. |  |  |  |  |
| USD 105,000 Buckeye Partners LP | 4.50 | 01/03/2028 | USD 105,788 | 0.12 |
| 20,000 Cheniere Energy Partners LP | 3.25 | 31/01/2032 | 20,150 | 0.02 |
| 200,000 Cheniere Energy Partners LP | 4.00 | 01/03/2031 | 209,790 | 0.23 |
| 145,000 DCP Midstream Operating LP | 6.75 | 15/09/2037 | 193,756 | 0.21 |
| 80,000 DT Midstream Incorporated | 4.38 | 15/06/2031 | 83,200 | 0.09 |
| 60,000 DT Midstream Incorporated | 4.13 | 15/06/2029 | 61,425 | 0.07 |
| 260,000 Energy Transfer LP | 6.63 | 31/12/2099 | 246,329 | 0.27 |
| 285,000 EnLink Midstream LLC | 5.63 | 15/01/2028 | 296,399 | 0.32 |
| 75,000 Hess Midstream Operations LP | 4.25 | 15/02/2030 | 74,438 | 0.08 |
| 90,000 Hess Midstream Operations LP | 5.63 | 15/02/2026 | 92,700 | 0.10 |
| 255,000 Holly Energy Partners LP | 5.00 | 01/02/2028 | 254,043 | 0.28 |
| 205,000 Rattler Midstream LP | 5.63 | 15/07/2025 | 213,200 | 0.23 |
| 80,000 Tallgrass Energy Partners LP | 6.00 | 31/12/2030 | 80,000 | 0.09 |
| 160,000 Tallgrass Energy Partners LP | 5.50 | 15/01/2028 | 160,000 | 0.17 |
| 105,000 Venture Global Calcasieu Pass LLC | 3.88 | 01/11/2033 | 109,988 | 0.12 |
|  |  |  | 2,426,067 | 2.65 |
| Real Estate (1.60%) |  |  |  |  |
| 185,000 Blackstone Mortgage Trust Incorporated | 3.75 | 15/01/2027 | 184,404 | 0.20 |
| 335,000 iStar Incorporated | 5.50 | 15/02/2026 | 346,725 | 0.38 |
| 135,000 Ladder Capital Finance Holdings LLLP | 4.75 | 15/06/2029 | 138,375 | 0.15 |
| 110,000 Ladder Capital Finance Holdings LLLP | 4.25 | 01/02/2027 | 110,138 | 0.12 |
| 115,000 Ladder Capital Finance Holdings LLLP | 5.25 | 01/10/2025 | 116,150 | 0.13 |
| 270,000 Realogy Group LLC | 5.75 | 15/01/2029 | 276,750 | 0.30 |
| 95,000 Service Properties Trust | 7.50 | 15/09/2025 | 102,926 | 0.11 |
| 130,000 Starwood Property Trust Incorporated | 4.75 | 15/03/2025 | 135,200 | 0.15 |
| 55,000 Starwood Property Trust Incorporated | 3.75 | 31/12/2024 | 55,592 | 0.06 |
|  |  |  | 1,466,260 | 1.60 |
| Retail (2.24%) |  |  |  |  |
| 20,000 Asbury Automotive Group Incorporated | 5.00 | 15/02/2032 | 20,754 | 0.02 |
| 35,000 Asbury Automotive Group Incorporated | 4.63 | 15/11/2029 | 35,656 | 0.04 |
| 200,000 Bath & Body Works Incorporated | 6.75 | 01/07/2036 | 246,999 | 0.27 |
| 155,000 Bath & Body Works Incorporated | 6.63 | 01/10/2030 | 175,538 | 0.19 |
| 150,000 BCPE Ulysses Intermediate Incorporated | 7.75 | 01/04/2027 | 148,125 | 0.16 |
| 127,000 KFC Holding Company | 4.75 | 01/06/2027 | 131,286 | 0.14 |
| 150,000 LBM Acquisition LLC | 6.25 | 15/01/2029 | 148,313 | 0.16 |
| 250,000 PetSmart Incorporated | 7.75 | 15/02/2029 | 271,563 | 0.31 |
| 229,000 Rite Aid Corporation | 8.00 | 15/11/2026 | 233,579 | 0.26 |
| 230,000 Staples Incorporated | 7.50 | 15/04/2026 | 236,325 | 0.26 |
| 110,000 Victoria's Secret & Company | 4.63 | 15/07/2029 | 112,200 | 0.12 |
| 285,000 Yum! Brands Incorporated | 3.63 | 15/03/2031 | 283,931 | 0.31 |
|  |  |  | 2,044,269 | 2.24 |
| Semiconductors (0.44%) |  |  |  |  |
| 285,000 Microchip Technology Incorporated	4.25 | 01/09/2025 | 295,994 | 0.32 |
| 75,000 ON Semiconductor Corporation	- | 01/05/2027 | 109,125 | 0.12 |
|  |  | 405,119 | 0.44 |
| Software (1.44%) |  |  |  |  |
| 140,000 Avalara Incorporated | 0.25 | 01/08/2026 | 129,220 | 0.14 |
| 135,000 Black Knight InfoServ LLC | 3.63 | 01/09/2028 | 134,823 | 0.15 |
| 140,000 Clarivate Science Holdings Corporation | 4.88 | 01/07/2029 | 141,977 | 0.16 |
| 235,000 Rocket Software Incorporated | 6.50 | 15/02/2029 | 229,124 | 0.25 |
| 101,000 Splunk Incorporated | 1.13 | 15/06/2027 | 94,183 | 0.10 |
| 105,000 Twilio Incorporated | 3.88 | 15/03/2031 | 106,019 | 0.12 |
| 200,000 Twilio Incorporated | 3.63 | 15/03/2029 | 201,766 | 0.22 |
| 285,000 ZoomInfo Technologies LLC | 3.88 | 01/02/2029 | 282,548 | 0.30 |
|  |  |  | 1,319,660 | 1.44 |

U.S. CORPORATE BONDS AND NOTES (57.73%) (30 June 2021: 60.94%) 
cont.
Principal
Coupon
Maturity
Value
% of
| Amount | Rate | Dates | USD | Fund |
| --- | --- | --- | --- | --- |
| Telecommunications (2.70%) USD 386,000 CommScope Technologies LLC | 6.00 | 15/06/2025 | USD 386,000 | 0.43 |
| 215,000 Embarq Corporation | 8.00 | 01/06/2036 | 240,800 | 0.26 |
| 190,000 Frontier Communications Holdings LLC | 6.75 | 01/05/2029 | 197,600 | 0.22 |
| 95,000 Level 3 Financing Incorporated | 3.63 | 15/01/2029 | 90,250 | 0.10 |
| 150,000 Level 3 Financing Incorporated | 4.25 | 01/07/2028 | 148,500 | 0.16 |
| 45,000 Level 3 Financing Incorporated | 4.63 | 15/09/2027 | 45,900 | 0.05 |
| 270,000 Plantronics Incorporated | 4.75 | 01/03/2029 | 257,513 | 0.28 |
| 555,000 Sprint Capital Corporation | 6.88 | 15/11/2028 | 702,074 | 0.77 |
| 240,000 T-Mobile USA Incorporated | 2.88 | 15/02/2031 | 237,024 | 0.26 |
| 145,000 T-Mobile USA Incorporated | 4.75 | 01/02/2028 | 152,613 | 0.17 |
|  |  |  | 2,458,274 | 2.70 |
| Toys/Games/Hobbies (0.21%) |  |  |  |  |
| 150,000 Mattel Incorporated | 3.75 | 01/04/2029 | 155,437 | 0.17 |
| 40,000 Mattel Incorporated | 3.38 | 01/04/2026 | 41,021 | 0.04 |
|  |  |  | 196,458 | 0.21 |
| Transportation (0.44%) |  |  |  |  |
| 375,000 Watco Companies LLC	6.50 | 15/06/2027 | 390,000 | 0.44 |
|  |  | 390,000 | 0.44 |
| Total U.S. Corporate Bonds and Notes |  |  | USD 52,793,403 | 57.73 |
| FOREIGN GOVERNMENT AND AGENCY BONDS AND NOTES (0.05%) (30 June 2021: 0.04%) |  |  |  |  |
| Principal | Coupon | Maturity | Value | % of |
| Amount | Rate | Date | USD | Fund |
| CHF 30,000 Swiss Confederation Government Bond (Switzerland) | 4.00 | 08/04/2028 | USD 41,809 | 0.05 |
| Total Foreign Government and Agency Bonds and Notes |  |  | USD 41,809 | 0.05 |
| CONVERTIBLE PREFERRED STOCKS (1.16%) (30 June 2021: 1.37%) |  |  |  |  |
| Number of Shares |  |  | Value USD | % of Fund |
| Auto Parts and Equipment (0.15%) |  |  |  |  |
| 760 Aptiv PLC (Jersey) |  |  | USD 139,635 | 0.15 |
|  |  |  | 139,635 | 0.15 |
| Electric Utilities (0.25%) |  |  |  |  |
| 1,983 PG&E Corporation |  |  | 228,937 | 0.25 |

228,937	0.25
Medical Technology (0.16%)
68 Danaher Corporation	149,110	0.16
149,110	0.16
Private Equity (0.15%)
1,447 KKR & Company Incorporated	134,600	0.15
134,600	0.15
Semiconductors (0.30%)
132 Broadcom Incorporated	273,611	0.30
| 273,611 | 0.30 |
| --- | --- |
| Software (0.15%) 1,510 Clarivate PLC (Jersey) | 136,338 | 0.15 |
|  | 136,338 | 0.15 |
| Total Convertible Preferred Stocks | USD 1,062,231 | 1.16 |

U.S. TREASURY OBLIGATIONS (2.87%) (30 June 2021: 2.27%)
| Principal | Yield | Maturity | Value | % of |
| --- | --- | --- | --- | --- |
| Amount | (%) | Dates | USD | Fund |
| USD 500,000 United States Treasury Bill | 0.09 | 19/05/2022 | USD 499,828 | 0.55 |
| 725,000 United States Treasury Bill | 0.04 | 21/04/2022 | 724,920 | 0.79 |
| 1,400,000 United States Treasury Bill | 0.08 | 17/02/2022 | 1,399,928 | 1.53 |
| Total U.S. Treasury Obligations |  |  | USD 2,624,676 | 2.87 |
| Total Value of Investments excluding financial derivative instruments |  |  | USD 89,527,027 | 97.90 |

(F) This security is valued by the Investment Advisor at fair value. Securities may be classified as Level 2 or Level 3 for Financial Reporting Standard 102 (“FRS 102”), “Fair Value: Disclosure”, based on the securities' valuation inputs. See Note 2 to the Financial Statements regarding valuation of investments.
FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS (1.10%) (30 June 2021: -1.57%)
| Counterparty | Currency | Contract type* | Delivery date | Value USD | Aggregate face value USD | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Bank of America, N.A. British Pound | Buy | 19/01/2022 | USD 246,609 | USD 241,178 | USD 5,431 | 0.01 |
| British Pound | Buy | 19/01/2022 | 14,710,338 | 14,488,639 | 221,700 | 0.23 |
| British Pound | Sell | 16/03/2022 | 2,057,312 | 2,024,534 | (32,778) | (0.04) |
| British Pound | Sell | 19/01/2022 | 246,609 | 242,893 | (3,716) | - |
| Euro | Buy | 16/03/2022 | 1,723,826 | 1,718,441 | 5,385 | 0.01 |
| Euro | Sell | 16/03/2022 | 222,334 | 220,676 | (1,658) | - |
| Barclays Bank PLC British Pound | Buy | 19/01/2022 | 164,587 | 162,082 | 2,505 | - |
| British Pound | Buy | 19/01/2022 | 506,754 | 499,042 | 7,712 | 0.01 |
| British Pound | Sell | 19/01/2022 | 164,587 | 160,959 | (3,628) | - |
| Euro | Sell | 16/03/2022 | 10,109,677 | 10,076,071 | (33,606) | (0.05) |
| Citibank, N.A. British Pound | Buy | 19/01/2022 | 361,251 | 355,834 | 5,417 | 0.01 |
| British Pound | Buy | 19/01/2022 | 21,238,446 | 20,919,931 | 318,516 | 0.34 |
| British Pound | Buy | 19/01/2022 | 461,953 | 455,025 | 6,928 | 0.01 |
| Euro | Buy | 16/03/2022 | 268,853 | 267,947 | 906 | - |
| Goldman Sachs International British Pound | Buy | 19/01/2022 | 188,814 | 185,982 | 2,832 | - |
| British Pound | Buy | 19/01/2022 | 13,888,353 | 13,679,996 | 208,358 | 0.23 |
| British Pound | Sell | 19/01/2022 | 58,336 | 57,051 | (1,285) | - |
| Euro | Buy | 16/03/2022 | 232,481 | 231,733 | 748 | - |
| Euro | Buy | 19/01/2022 | 1,515,680 | 1,509,388 | 6,292 | 0.01 |
| Euro | Buy | 19/01/2022 | 210,343 | 209,470 | 873 | - |
| HSBC Bank British Pound | Buy | 19/01/2022 | 40,064 | 39,716 | 348 | - |
| British Pound | Buy | 19/01/2022 | 10,828 | 10,665 | 163 | - |
| Euro | Buy | 19/01/2022 | 1,346,449 | 1,340,025 | 6,424 | 0.01 |
| Euro | Buy | 19/01/2022 | 21,182 | 21,081 | 101 | - |
| JPMorgan Chase Bank, N.A. British Pound | Buy | 16/03/2022 | 521,500 | 513,220 | 8,280 | 0.01 |
| British Pound | Buy | 19/01/2022 | 38,710 | 37,913 | 797 | - |
| British Pound | Buy | 19/01/2022 | 404,022 | 397,945 | 6,077 | 0.01 |
| British Pound | Buy | 19/01/2022 | 6,328,059 | 6,232,867 | 95,192 | 0.10 |
| Euro | Buy | 19/01/2022 | 1,491,992 | 1,484,953 | 7,039 | 0.01 |
| Euro | Buy | 19/01/2022 | 228,907 | 227,826 | 1,081 | - |
| Euro | Sell | 16/03/2022 | 33,521 | 33,413 | (108) | - |
| Swiss Franc | Sell | 16/03/2022 | 47,608 | 47,257 | (351) | - |
| Morgan Stanley & Co. International PLC British Pound | Buy | 16/03/2022 | 598,493 | 588,927 | 9,566 | 0.01 |
| British Pound | Buy | 19/01/2022 | 932,161 | 918,085 | 14,076 | 0.02 |
| British Pound | Buy | 19/01/2022 | 224,953 | 223,323 | 1,630 | - |
| British Pound | Buy | 19/01/2022 | 2,592,646 | 2,553,496 | 39,150 | 0.04 |

FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS (1.10%) (30 June 2021: -1.57%) 
cont.
| Counterparty | Currency | Contract type* | Delivery date | Value USD | Aggregate face value USD | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Morgan Stanley & Co. International PLC  cont. British Pound | Buy | 19/01/2022 | USD 491,730 | USD 488,167 | USD 3,563 | - |
| British Pound | Sell | 19/01/2022 | 16,919 | 16,847 | (72) | - |
| Euro | Buy | 16/03/2022 | 5,210,814 | 5,194,352 | 16,462 | 0.02 |
| Euro | Buy | 19/01/2022 | 1,858,812 | 1,850,050 | 8,762 | 0.01 |
| Euro | Buy | 19/01/2022 | 5,239 | 5,214 | 25 | - |
| Euro | Sell | 19/01/2022 | 421,370 | 418,497 | (2,873) | - |
| NatWest Markets PLC British Pound | Buy | 19/01/2022 | 924,446 | 910,457 | 13,989 | 0.02 |
| British Pound | Buy | 19/01/2022 | 1,945,804 | 1,916,360 | 29,444 | 0.03 |
| Euro | Buy | 19/01/2022 | 5,239 | 5,214 | 25 | - |
| Euro | Sell | 16/03/2022 | 457,779 | 456,320 | (1,459) | - |
| State Street Bank & Trust Company British Pound | Buy | 16/03/2022 | 5,277 | 5,234 | 43 | - |
| British Pound | Buy | 19/01/2022 | 1,139,248 | 1,121,979 | 17,269 | 0.02 |
| British Pound | Buy | 19/01/2022 | 4,139,300 | 4,076,556 | 62,744 | 0.07 |
| British Pound | Buy | 19/01/2022 | 1,760 | 1,722 | 38 | - |
| British Pound | Buy | 19/01/2022 | 23,686 | 23,327 | 359 |  |
| British Pound | Sell | 16/03/2022 | 3,112 | 3,045 | (67) |  |
| British Pound | Sell | 19/01/2022 | 59,690 | 58,322 | (1,368) | - |
| British Pound | Sell | 19/01/2022 | 18,814 | 18,416 | (398) | - |
| British Pound | Sell | 19/01/2022 | 406 | 400 | (6) | - |
| British Pound | Sell | 19/01/2022 | 23,686 | 23,165 | (521) | - |
| British Pound | Sell | 19/01/2022 | 74,308 | 73,340 | (968) | - |
| Euro | Buy | 19/01/2022 | 25,282 | 25,161 | 121 | - |
| Euro | Sell | 16/03/2022 | 400,999 | 399,672 | (1,327) | - |
| Euro | Sell | 16/03/2022 | 138,531 | 137,787 | (744) | - |
| Euro | Sell | 16/03/2022 | 117,324 | 116,143 | (1,181) | - |
| Euro | Sell | 19/01/2022 | 17,083 | 17,032 | (51) | - |
| UBS AG Euro | Buy | 19/01/2022 | 92,018 | 91,662 | 356 | - |
| Euro | Buy | 19/01/2022 | 3,417 | 3,400 | 17 | - |
| Euro | Buy | 19/01/2022 | 7,402 | 7,374 | 28 | - |
| Euro | Sell | 16/03/2022 | 11,684,255 | 11,646,522 | (37,733) | (0.05) |
| Unrealised Appreciation on Forward Foreign Exchange Currency Contracts | USD 1,136,772 | 1.24 |
| Unrealised Depreciation on Forward Foreign Exchange Currency Contracts | USD (125,898) | (0.14) |
| Net Unrealised Appreciation on Forward Foreign Exchange Currency Contracts | USD 1,010,874 | 1.10 |
| Total Financial Assets at Fair Value through Profit or Loss | USD 90,663,799 | 99.14 |
| Total Financial Liabilities at Fair Value through Profit or Loss | USD (125,898) | (0.14) |
| Analysis of Total Assets |  | % of Total Assets |
| Transferable securities admitted to official stock exchange listing |  | 41.87 |
| Transferable securities dealt on another regulated market |  | 37.65 |
| Other transferable securities of the type referred to in Regulation 68(1)(a), (b) and (c) |  | 17.32 |
| OTC financial derivative instruments |  | 1.23 |
| Other assets |  | 1.93 |
| Total Assets |  | 100.00 |


## Schedule of Investments 31 December 2021
NON-U.S. EQUITIES (35.26%)	U.S. EQUITIES (59.54%)	
Number of
Shares
Diversified Financial Services (0.84%)
Value USD
% of Fund
Number of
Shares
Diversified Financial Services (6.28%)
Value USD
% of Fund
6,128 Network International Holdings PLC
(United Kingdom)	USD 24,237	0.84
24,237	0.84
Electronics (2.06%)
238 Mastercard Incorporated	USD 85,518	2.97
441 Visa Incorporated	95,569	3.31
181,087	6.28
| 400 Hoya Corporation (Japan) | 59,310 | 2.06 |  | 41 Amazon.com Incorporated | 136,708 | 4.74 |
| --- | --- | --- | --- | --- | --- | --- |
|  | 59,310 | 2.06 |  |  | 136,708 | 4.74 |

Internet (4.74%)
Entertainment (1.99%)
402 Evolution AB (Sweden)	57,220	1.99
57,220	1.99
Internet (9.07%)
3,600 Alibaba Group Holding Limited (Cayman
Islands)	53,899	1.87
| 414 Baidu Incorporated (Cayman Islands) | 61,599 | 2.14 |
| --- | --- | --- |
| 269 JD.com Incorporated (Cayman Islands) | 18,849 | 0.65 |
| 538 JD.com Incorporated (Cayman Islands) | 18,976 | 0.66 |
| 248 Sea Limited (Cayman Islands) | 55,480 | 1.92 |
| 874 Yandex NV (Netherlands) | 52,877 | 1.83 |
|  | 261,680 | 9.07 |

Media (3.51%)
845 Thomson Reuters Corporation (Canada)	101,079	3.51
101,079	3.51
Office and Business Equipment (1.55%)
1,974 Xerox Holdings Corporation	44,691	1.55
44,691	1.55
| 765 NVIDIA Corporation | 224,994 | 7.81 |
| --- | --- | --- |
| 1,150 ON Semiconductor Corporation | 78,108 | 2.71 |
|  | 303,102 | 10.52 |

Semiconductors (10.52%)
Software (36.45%)
1,109 Activision Blizzard Incorporated	73,782	2.56
| 207 Adobe Incorporated | 117,381 | 4.07 |
| --- | --- | --- |
| 128 Bill.com Holdings Incorporated | 31,891 | 1.11 |
| 714 Ceridian HCM Holding Incorporated | 74,584 | 2.59 |
| 978 Dynatrace Incorporated | 59,022 | 2.05 |

Semiconductors (11.80%)
3,000 Novatek Microelectronics Corporation
(Taiwan)	58,199	2.02
10,200 Renesas Electronics Corporation (Japan)	125,248	4.35
8,000 Sino-American Silicon Products
Incorporated (Taiwan)	67,977	2.36
4,000 Taiwan Semiconductor Manufacturing
Company Limited (Taiwan)	88,571	3.07
339,995	11.80
| 1,298 Fidelity National Information Services Incorporated | 141,677 | 4.92 |
| --- | --- | --- |
| 186 Intuit Incorporated | 119,639 | 4.15 |
| 799 Microsoft Corporation | 268,721 | 9.31 |
| 198 RingCentral Incorporated | 37,095 | 1.29 |
| 499 salesforce.com Incorporated | 126,811 | 4.40 |
|  | 1,050,603 | 36.45 |

Total U.S. Equities	USD 1,716,191	59.54 Total Value of Investments excluding financial
derivative instruments	USD 2,732,426	94.80
Software (5.99%)
| 1,048 Lightspeed Commerce Incorporated (Canada)	42,319 | 1.47 |
| --- | --- |
|  | 172,714 | 5.99 |
| Total Non-U.S. Equities | USD 1,016,235 | 35.26 |

5,544 Clarivate PLC (Jersey)	130,395	4.52
FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS (0.41%)
| Counterparty | Currency | Contract type** | Delivery Date | Value USD | Aggregate face value USD | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Bank of America, N.A. | Euro | Sell | 19/01/2022 | USD 11,616 | USD 11,501 | USD (115) | - |
|  | Euro | Sell | 19/01/2022 | 11,616 | 11,501 | (115) | - |
|  | Singapore Dollar | Buy | 16/02/2022 | 10,609 | 10,460 | 149 | 0.01 |
|  | Swedish Krona | Sell | 16/03/2022 | 28,015 | 28,048 | 33 | - |
| Citibank, N.A. | Canadian Dollar | Buy | 19/01/2022 | 7,273 | 7,185 | 88 | - |
|  | Canadian Dollar | Sell | 19/01/2022 | 95,180 | 94,020 | (1,160) | (0.05) |
| Goldman Sachs International | Canadian Dollar | Buy | 19/01/2022 | 7,273 | 7,204 | 69 | - |
|  | Canadian Dollar | Sell | 19/01/2022 | 7,273 | 7,184 | (89) | - |
|  | Chinese Yuan (offshore) | Buy | 16/02/2022 | 14,981 | 14,894 | 87 | - |
|  | Chinese Yuan (offshore) | Sell | 16/02/2022 | 169,973 | 168,867 | (1,106) | (0.04) |

| FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS | (0.41%)  cont. |  |
| --- | --- | --- |
|  |  |  |  | Aggregate | Unrealised Appreciation/ |  |
|  | Contract | Delivery | Value | face value | (Depreciation) | % of |
| Counterparty	Currency | type** | Date | USD | USD | USD | Fund |
| JPMorgan Chase Bank, N.A. |  |  |  |  |  |  |
| British Pound | Buy | 19/01/2022 | USD 362,064 | USD 357,542 | USD 4,521 | 0.17 |
| British Pound | Buy | 19/01/2022 | 28,694 | 28,069 | 624 | 0.02 |
| British Pound | Buy | 19/01/2022 | 362,064 | 357,542 | 4,521 | 0.16 |
| British Pound | Buy | 19/01/2022 | 25,717 | 25,156 | 560 | 0.02 |
| British Pound | Sell | 16/03/2022 | 120,700 | 118,784 | (1,917) | (0.08) |
| British Pound | Sell | 19/01/2022 | 18,678 | 18,294 | (385) | (0.01) |
| British Pound | Sell | 19/01/2022 | 14,753 | 14,450 | (303) | (0.01) |
| Euro | Buy | 19/01/2022 | 16,741 | 16,632 | 109 | - |
| Euro | Buy | 19/01/2022 | 5,466 | 5,419 | 47 | - |
| Euro | Buy | 19/01/2022 | 13,780 | 13,690 | 90 | - |
| Euro | Buy | 19/01/2022 | 4,441 | 4,403 | 38 | - |
| Euro | Sell | 19/01/2022 | 22,207 | 22,017 | (190) | (0.01) |
| Euro | Sell | 19/01/2022 | 18,221 | 18,065 | (156) | (0.01) |
| Singapore Dollar | Buy | 16/02/2022 | 11,128 | 10,946 | 182 | 0.01 |
| Singapore Dollar | Sell | 16/02/2022 | 74,186 | 72,995 | (1,192) | (0.05) |
| Morgan Stanley & Company International PLC |  |  |  |  |  |  |
| British Pound | Buy | 19/01/2022 | 12,182 | 11,985 | 197 | 0.01 |
| British Pound | Buy | 19/01/2022 | 12,317 | 12,118 | 199 | 0.01 |
| British Pound | Sell | 19/01/2022 | 13,535 | 13,235 | (300) | (0.01) |
| British Pound | Sell | 19/01/2022 | 11,099 | 10,842 | (257) | (0.01) |
| British Pound | Sell | 19/01/2022 | 20,167 | 19,700 | (468) | (0.02) |
| Euro | Buy | 19/01/2022 | 355,887 | 356,213 | (326) | (0.01) |
| Euro | Buy | 19/01/2022 | 12,072 | 12,015 | 57 | - |
| Euro | Buy | 19/01/2022 | 13,211 | 13,120 | 91 | - |
| Euro | Buy | 19/01/2022 | 355,887 | 356,213 | (326) | (0.01) |
| Euro | Buy | 19/01/2022 | 12,072 | 12,015 | 57 | - |
| Euro | Buy | 19/01/2022 | 13,211 | 13,120 | 91 | - |
| Euro | Sell | 19/01/2022 | 18,108 | 17,935 | (173) | (0.01) |
| Euro | Sell | 19/01/2022 | 13,666 | 13,536 | (130) | - |
| Japanese Yen | Buy | 16/02/2022 | 8,606 | 8,714 | (108) | - |
| Japanese Yen | Sell | 16/02/2022 | 40,941 | 41,599 | 658 | 0.02 |
| Swiss Franc | Buy | 16/03/2022 | 6,047 | 5,982 | 65 | - |
| State Street Bank & Trust Company British Pound | Buy | 19/01/2022 | 362,064 | 357,485 | 4,578 | 0.17 |
| British Pound | Buy | 19/01/2022 | 14,076 | 13,763 | 313 | 0.01 |
| British Pound | Buy | 19/01/2022 | 21,250 | 20,955 | 295 | 0.01 |
| British Pound | Buy | 19/01/2022 | 13,400 | 13,293 | 107 | - |
| British Pound | Buy | 19/01/2022 | 362,064 | 357,485 | 4,578 | 0.17 |
| British Pound | Buy | 19/01/2022 | 11,234 | 10,984 | 250 | 0.01 |
| British Pound | Buy | 19/01/2022 | 21,250 | 20,955 | 295 | 0.01 |
| British Pound | Buy | 19/01/2022 | 13,400 | 13,293 | 107 | - |
| British Pound | Sell | 19/01/2022 | 19,897 | 19,575 | (322) | (0.01) |
| British Pound | Sell | 19/01/2022 | 18,678 | 18,321 | (358) | (0.01) |
| British Pound | Sell | 19/01/2022 | 11,911 | 11,659 | (252) | (0.01) |
| British Pound | Sell | 19/01/2022 | 22,468 | 22,105 | (364) | (0.01) |
| British Pound | Sell | 19/01/2022 | 18,814 | 18,454 | (361) | (0.01) |
| British Pound | Sell | 19/01/2022 | 11,911 | 11,659 | (252) | (0.01) |
| Euro | Buy | 19/01/2022 | 355,887 | 356,249 | (362) | (0.01) |
| Euro | Buy | 19/01/2022 | 20,955 | 20,854 | 101 | - |
| Euro | Buy | 19/01/2022 | 355,887 | 356,249 | (362) | (0.01) |
| Euro | Buy | 19/01/2022 | 20,955 | 20,854 | 101 | - |
| Euro | Sell | 16/03/2022 | 9,007 | 8,930 | (77) | - |
| Euro | Sell | 19/01/2022 | 17,652 | 17,568 | (84) | - |
| Euro | Sell | 19/01/2022 | 11,047 | 10,934 | (113) | - |


## Schedule of Investments cont.
31 December 2021
FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS (0.41%) 
cont.
| Counterparty | Currency | Contract type** | Delivery Date | Value USD | Aggregate face value USD | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| State Street Bank & Trust | Company  cont. |  |  |  |  |  |  |
|  | Euro | Sell | 19/01/2022 | USD 18,335 | USD 18,168 | USD (167) | (0.01) |
|  | Euro | Sell | 19/01/2022 | 20,157 | 20,061 | (96) | - |
|  | Euro | Sell | 19/01/2022 | 10,933 | 10,821 | (112) | - |
|  | Euro | Sell | 19/01/2022 | 18,449 | 18,281 | (168) | (0.01) |
|  | Israeli Shekel | Buy | 19/01/2022 | 16,309 | 16,059 | 250 | 0.01 |
| Toronto-Dominion Bank |  |  |  |  |  |  |  |
| Euro | Buy | 16/03/2022 | 209,564 | 208,889 | 675 | 0.02 |
| Swedish Krona | Sell | 16/03/2022 | 7,574 | 7,483 | (91) | - |
| UBS AG |  |  |  |  |  |  |  |
| Australian Dollar | Buy | 19/01/2022 | 7,640 | 7,446 | 194 | 0.01 |
| Euro | Buy | 19/01/2022 | 31,090 | 30,970 | 120 | - |
| Euro | Buy | 19/01/2022 | 28,129 | 28,020 | 109 | - |
| Euro | Sell | 19/01/2022 | 5,466 | 5,419 | (47) | - |
| Euro | Sell | 19/01/2022 | 4,441 | 4,403 | (38) | - |

Westpac Banking Corporation
British Pound	Sell	16/03/2022	9,878	9,655	(223)	(0.01)
| Unrealised Appreciation on Forward Foreign Exchange Currency Contracts | USD 24,606 | 0.85 |
| --- | --- | --- |
| Unrealised Depreciation on Forward Foreign Exchange Currency Contracts | USD (12,665) | (0.44) |
| Net Unrealised Appreciation on Forward Foreign Exchange Currency Contracts | USD 11,941 | 0.41 |
| Total Financial Assets at Fair Value through Profit or Loss | USD 2,757,032 | 95.65 |
| Total Financial Liabilities at Fair Value through Profit or Loss | USD (12,665) | (0.44) |
| * Putnam Global Technology Fund launched on 30 November 2021. There is no comparative information as at 30 June 2021. |  |  |
| ** The exchange currency for all contracts listed is the United States Dollar. |  |  |
| Analysis of Total Assets |  | % of Total Assets |
| Transferable securities admitted to official stock exchange listing |  | 93.91 |
| OTC financial derivative instruments |  | 0.85 |
| Other assets |  | 5.24 |
| Total Assets |  | 100.00 |


## Schedule of Investments 31 December 2021
NON-U.S. EQUITIES (-%) (30 June 2021: -%)
Number of
Value
% of
	Shares	USD  Fund
Electric Utilities (-%)
14,000 Glow Energy PCL (Thailand) (F)	USD 4	
-
Total Non-U.S. Equities	USD 4	
-
U.S. GOVERNMENT AND AGENCY MORTGAGE OBLIGATIONS (-%) (30 June 2021: 70.57%)
U.S. GOVERNMENT AGENCY OBLIGATIONS (34.32%) (30 June 2021: 9.56%)
| Principal | Yield | Maturity | Value | % of |
| --- | --- | --- | --- | --- |
| Amount | (%) | Dates | USD | Fund |
| USD 300,000 Fannie Mae Discount Notes | 0.05 | 09/03/2022 | USD 299,970 | 12.11 |
| 300,000 Federal Farm Credit Discount Notes | 0.04 | 24/01/2022 | 299,992 | 12.11 |
| 250,000 Federal Home Loan Bank Discount Notes | 0.05 | 14/02/2022 | 249,985 | 10.10 |
| Total U.S. Government Agency Obligations |  |  | USD 849,947 | 34.32 |
| MORTGAGE-BACKED SECURITIES (-%) (30 June 2021: 3.83%) |  |  |  |  |
| NON-U.S. CORPORATE BONDS AND NOTES (-%) (30 June 2021: 0.46%) |  |  |  |  |
| FOREIGN GOVERNMENT AND AGENCY BONDS AND NOTES (-%) (30 June 2021: 1.03%) |  |  |  |  |
| COMMERCIAL PAPER (-%) (30 June 2021: 4.10%) |  |  |  |  |
| U.S. TREASURY OBLIGATIONS (44.42%) (30 June 2021: 68.28%) |  |  |  |  |
| Principal | Yield | Maturity | Value | % of |
| Amount | (%) | Dates | USD | Fund |
| USD 600,000 United States Treasury Bill | 0.05 | 10/03/2022 | USD 599,944 | 24.23 |
| 500,000 United States Treasury Bill | 0.06 | 03/03/2022 | 499,957 | 20.19 |
| Total U.S. Treasury Obligations |  |  | USD 1,099,901 | 44.42 |

(F) This security is valued by the Investment Advisor at fair value. Securities may be classified as Level 2 or Level 3 for Financial Reporting Standard 102 (“FRS 102”), “Fair Value: Disclosure”, based on the securities' valuation inputs.
| PURCHASED CURRENCY OPTIONS OUTSTANDING (-%) (30 June 2021: 0.05%) |  |
| --- | --- |
| Total Value of Investments excluding financial derivative instruments |  |  |  | USD 1,949,852 | 78.74 |
| WRITTEN CURRENCY OPTIONS OUTSTANDING (-%) (30 June 2021: -0.02%) |  |  |  |  |  |
| FUTURES CONTRACTS OUTSTANDING (0.99%) (30 June 2021: 0.56%) |  |  |  |  |  |
| Number of | Notional |  | Expiration | Unrealised Appreciation | % of |
| Contracts | Amount | Value | Date | USD | Fund |
| S&P 500 Index E-Mini (Long)	3 | USD 714,927 | USD 713,775 | Mar-22 | USD 14,800 | 0.60 |
| U.S. Treasury Note Ultra 10 yr (Long)	4 | 585,750 | 585,750 | Mar-22 | 9,750 | 0.39 |
| Unrealised Appreciation on Futures Contracts Outstanding | USD 24,550 | 0.99 |
| Variation Margin Settlement to Date | USD - | - |
| Cumulative Unrealised Appreciation less Variation Margin Settlement to Date | USD 24,550 | 0.99 |
| The Brokers for Futures Contracts in the Fund are BofA Securities Incorporated and JPMorgan Securities Incorporated. |  |  |
| TBA SALES COMMITMENTS OUTSTANDING (-%) (30 June 2021: -60.61%) |  |  |
| CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS OUTSTANDING (-%) (30 June 2021: -%) |  |  |

OTC TOTAL RETURN SWAP CONTRACTS OUTSTANDING (0.28%) (30 June 2021: 0.41%)
| Swap Counterparty/ Notional Amount | Value | Upfront Premium received/ (paid) | Termination Date | Payments received/(paid) by Fund | Total return received by or paid by Fund | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Bank of America N.A. |  |  |  |  |  |  |  |
| USD 543,211 | USD 558,721 | USD - | 12/10/2022 | (Secured Overnight Financing Rate plus | A basket (MLFCF15) of common |  |  |
|  |  |  |  | 0.22%) - Quarterly | stocks - Quarterly | USD 15,634 | 0.63 |
| 537,867 | 554,617 | - | 12/10/2022 | Secured Overnight Financing Rate plus | Russell 1000 Total Return Index - |  |  |
|  |  |  |  | 0.05% - Quarterly | Quarterly | (16,726) | (0.68) |
| Citibank, N.A. |  |  |  |  |  |  |  |
| 2,852 | 3,239 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 0.35% - Monthly | AAR Corp. - Monthly | (388) | (0.02) |
| 2,344 | 2,568 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 0.35% - Monthly | ACI Worldwide, Inc. - Monthly | (225) | (0.01) |
| 3,280 | 3,889 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 0.25% - Monthly | Adapt Health Corp. - Monthly | (610) | (0.02) |
| 4,370 | 4,558 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 0.35% - Monthly | Advance Auto Parts Inc. - Monthly | (207) | (0.01) |
| 1,448 | 1,475 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 1.85% - Monthly | B&G Foods, Inc. - Monthly | 691 | 0.03 |
| 8,178 | 9,277 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 0.35% - Monthly | Bausch Health Cos, Inc. - Monthly | (1,100) | (0.04) |
| 338,516 | 345,807 | - | 17/03/2022	(0.22%) - Quarterly Bloomberg Commodity IndexSM 3 Month Forward Sub-Indices versus Bloomberg Commodity IndexSM - Quarterly	7,204	0.29 |
| 3,718 | 3,840 | - | 05/07/2022  1 month USD-LIBOR- |
|  |  |  |  | BBA minus 0.35% - Monthly | Century Link, Inc. - Monthly | 1,174 | 0.05 |
| 4,109 | 4,033 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 0.35% - Monthly | Diversey Holdings Ltd - Monthly | 75 | - |
| 5,154 | 5,157 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 0.35% - Monthly | Dycom Industries, Inc. - Monthly | (4) | - |
| 509 | 486 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 1.25% - Monthly | Ebix, Inc. - Monthly | 76 | - |
| 8,867 | 8,741 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 0.35% - | Elanco Animal Health, Inc. - |  |  |
|  |  |  |  | Monthly | Monthly | 125 | 0.01 |
| 3,851 | 3,930 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 0.35% - Monthly | Energizer Holdings, Inc. - Monthly | (108) | - |
| 4,019 | 4,149 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 0.35% - Monthly | First Citizens Bcshs -Cl A - Monthly | (131) | (0.01) |
| 2,552 | 2,686 | - | 05/07/2022 | 1 month USD-LIBOR- BBA - Monthly | Healthcare Services Group - Monthly | (167) | (0.01) |
| 4,691 | 4,645 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 0.35% - Monthly | Helen of Troy Ltd - Monthly | 46 | - |
| 11,411 | 11,302 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 0.35% - | L3Harris Technologies Inc - |  |  |
|  |  |  |  | Monthly | Monthly | 107 | - |

OTC TOTAL RETURN SWAP CONTRACTS OUTSTANDING (0.28%) (30 June 2021: 0.41%) 
cont.
| Swap Counterparty/ Notional Amount | Value | Upfront Premium received/ (paid) | Termination Date | Payments received/(paid) by Fund | Total return received by or paid by Fund | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Citibank, N.A.  cont. |  |  |  |  |  |  |  |
| USD 1,321 | USD 1,357 | USD - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 0.35% - Monthly | Liveperson Inc. - Monthly | USD (37) | - |
| 10,209 | 11,780 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 0.35% - Monthly | Penumbra, Inc. - Monthly | (1,573) | (0.06) |
| 1,703 | 1,412 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 0.35% - Monthly | Plug Power, Inc. - Monthly | 291 | 0.01 |
| 3,544 | 3,621 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 0.35% - Monthly | Primoris Services Corp. - Monthly | (87) | - |
| 9,192 | 8,915 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 0.35% - Monthly | Ralph Lauren Corp. - Monthly | 224 | 0.01 |
| 84,742 | 88,108 | - | 07/02/2022 | (0.13%) - MonthlyS&P GSCI Capped Components ER - Monthly | 3,359 | 0.14 |
| 907 | 719 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 0.35% - Monthly	Stitch Fix Inc Class A - Monthly | 188 | 0.01 |
| 9,081 | 9,511 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 1.30% - Monthly	Tesla, Inc. - Monthly | (431) | (0.02) |
| 3,460 | 3,796 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 0.35% - Monthly Universal Display Corp. - Monthly | (341) | (0.01) |
| 1,423 | 1,468 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 0.35% - Monthly	WD-40 Co. - Monthly | 306 | 0.01 |
| 712 | 578 | - | 05/07/2022 | 1 month USD-LIBOR- BBA minus 3.25% - Monthly	Zynex, Inc. - Monthly | 133 | 0.01 |
| Goldman Sachs International |  |  |  |  |  |  |
| 705,523 | 723,688 | - | 15/12/2025 | (Secured Overnight Financing Rate plus	 A basket (GSGLPWDL) of 0.40%) - Monthly	common stocks - Monthly | 18,393 | 0.74 |
| 686,838 | 705,487 | - | 15/12/2025 | Secured Overnight Financing Rate minus	 A basket (GSGLPWDS) of 0.25% - Monthly	common stocks - Monthly | (19,456) | (0.79) |
| 2,004 | 1,955 | - | 15/12/2025 | 1 month USD-LIBOR- BBA minus 0.50% - Monthly	Beyond Meat, Inc. - Monthly | 47 | - |
| 1,652 | 1,645 | - | 15/12/2025 | 1 month USD-LIBOR- BBA minus 0.35% - Monthly Bloom Energy Corp. - A - Monthly | 7 | - |
| 3,617 | 3,312 | - | 15/12/2025 | 1 month USD-LIBOR- BBA minus 0.35% - Monthly	First Solar Inc. - Monthly | 304 | 0.01 |
| 4,617 | 4,948 | - | 15/12/2025 | 1 month USD-LIBOR- BBA minus 0.35% - Monthly	New Relic Inc. - Monthly | (332) | (0.01) |
| 2,416 | 2,467 | - | 15/12/2025 | 1 month USD-LIBOR- BBA minus 0.35% - Monthly	Progyny, Inc. - Monthly | (51) | - |
| JPMorgan Chase Bank N.A. |  |  |  |  |  |  |
| 127,323 | 129,382 | - | 16/12/2022 | (Secured Overnight Financing Rate plus A basket (JPCMPTFL) of common 0.41%) - Monthly	stocks - Monthly | 2,068 | 0.08 |

OTC TOTAL RETURN SWAP CONTRACTS OUTSTANDING (0.28%) (30 June 2021: 0.41%) 
cont.
| Swap Counterparty/ Notional Amount | Value | Upfront Premium received/ (paid) | Termination Date | Payments received/(paid) by Fund | Total return received by or paid by Fund | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| UBS AG |  |  |  |  |  |  |  |
| USD 870,541 | USD 895,769 | USD - | 22/05/2023	(Secured Overnight Financing Rate plus A basket (UBSPUSER) of common 0.35%) - Monthly	stocks - Monthly	USD 25,514	1.04 |
| 871,549 | 898,803 | - | 22/05/2023	Secured Overnight |

Financing Rate plus 0.20% - Monthly
S&P 500 Total Return 4 Jan 1988
Index - Monthly	(27,163)	(1.10)
Unrealised Appreciation on OTC Total Return Swap Contracts Outstanding	USD 75,966	3.07
Unrealised Depreciation on OTC Total Return Swap Contracts Outstanding	USD (69,137)  (2.79)
Net Unrealised Appreciation on OTC Total Return Swap Contracts Outstanding	USD 6,829	0.28
| CENTRALLY CLEARED TOTAL RETURN SWAP CONTRACTS OUTSTANDING (-%) (30 June 2021: -0.01%) |  |
| --- | --- |
| OTC CREDIT DEFAULT CONTRACTS OUTSTANDING - PROTECTION SOLD (-%) (30 June 2021: 0.01%) |  |  |
| OTC CREDIT DEFAULT CONTRACTS OUTSTANDING - PROTECTION PURCHASED (-%) (30 June 2021: -0.02%) |  |  |
| CENTRALLY CLEARED CREDIT DEFAULT CONTRACTS OUTSTANDING - PROTECTION SOLD (-%) (30 June 2021: 0.01%) |  |  |
| CENTRALLY CLEARED CREDIT DEFAULT CONTRACTS OUTSTANDING - PROTECTION PURCHASED (-%) (30 June 2021: -%) |  |  |
| FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS (0.28%) (30 June 2021: -3.60%) |  |  |
|  |  |  |  |  | Aggregate | Unrealised Appreciation/ |  |
|  |  | Contract | Delivery | Value | face value | (Depreciation) | % of |
| Counterparty | Currency | type* | date | USD | USD | USD | Fund |
| Bank of America, N.A. Australian Dollar | Buy | 19/01/2022 | USD 10,550 | USD 10,320 | USD 230 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 10,550 | 10,566 | 16 | - |
| British Pound | Buy | 16/03/2022 | 13,937 | 13,632 | 305 | 0.01 |
| British Pound | Sell | 16/03/2022 | 13,937 | 13,715 | (222) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 3,399 | 3,403 | (4) | - |
| Canadian Dollar | Sell | 19/01/2022 | 3,399 | 3,358 | (41) | - |
| Euro | Buy | 16/03/2022 | 13,682 | 13,563 | 119 | - |
| Euro | Sell | 16/03/2022 | 13,682 | 13,639 | (43) | - |
| Euro | Sell | 19/01/2022 | 16,969 | 16,800 | (169) | (0.01) |
| Japanese Yen | Buy | 16/02/2022 | 7,544 | 7,632 | (88) | - |
| Japanese Yen | Sell | 16/02/2022 | 7,544 | 7,645 | 101 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 18,284 | 18,947 | (663) | (0.03) |
| New Zealand Dollar | Sell | 19/01/2022 | 205 | 202 | (3) | - |
| New Zealand Dollar | Sell | 19/01/2022 | 18,079 | 18,383 | 304 | 0.01 |
| Swiss Franc | Buy | 16/03/2022 | 10,665 | 10,586 | 79 | - |
| Swiss Franc | Sell | 16/03/2022 | 10,665 | 10,537 | (128) | (0.01) |
| Barclays Bank PLC Australian Dollar | Buy | 19/01/2022 | 3,420 | 3,494 | (74) | - |
| Australian Dollar | Sell | 19/01/2022 | 3,420 | 3,345 | (75) | - |
| British Pound | Buy | 16/03/2022 | 22,597 | 22,232 | 365 | 0.01 |
| British Pound | Sell | 16/03/2022 | 7,848 | 7,676 | (172) | (0.01) |
| British Pound | Sell | 16/03/2022 | 14,749 | 14,400 | (349) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 10,277 | 10,362 | (85) | - |
| Canadian Dollar | Buy | 19/01/2022 | 42,294 | 41,782 | 512 | 0.02 |
| Canadian Dollar | Sell | 19/01/2022 | 38,815 | 39,533 | 718 | 0.03 |
| Canadian Dollar | Sell | 19/01/2022 | 13,755 | 14,015 | 260 | 0.01 |
| Euro | Buy | 16/03/2022 | 10,148 | 10,060 | 88 | - |
| Euro | Sell | 16/03/2022 | 10,148 | 10,114 | (34) | - |
| Japanese Yen | Buy | 16/02/2022 | 10,018 | 10,136 | (118) | - |
| Japanese Yen | Sell | 16/02/2022 | 10,018 | 10,152 | 134 | 0.01 |
| New Zealand Dollar | Buy | 19/01/2022 | 14,381 | 14,169 | 212 | 0.01 |
| New Zealand Dollar | Sell | 19/01/2022 | 14,381 | 14,624 | 243 | 0.01 |
| Swiss Franc | Buy | 16/03/2022 | 27,927 | 27,728 | 199 | 0.01 |
| Swiss Franc | Sell | 16/03/2022 | 27,927 | 27,594 | (333) | (0.01) |

| Counterparty | Currency | Contract type* | Delivery date | Value USD | Aggregate face value USD | Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Citibank, N.A. | Australian Dollar | Buy | 19/01/2022 | USD 15,716 | USD 15,739 | USD (23) | - |
|  | Australian Dollar | Sell | 19/01/2022 | 15,716 | 15,374 | (342) | (0.01) |
|  | British Pound | Buy | 16/03/2022 | 17,997 | 17,710 | 287 | 0.01 |
|  | British Pound | Sell | 16/03/2022 | 17,997 | 17,602 | (395) | (0.02) |
|  | Canadian Dollar | Buy | 19/01/2022 | 62,294 | 61,543 | 751 | 0.03 |
|  | Canadian Dollar | Sell | 19/01/2022 | 9,961 | 10,018 | 57 | - |
|  | Canadian Dollar | Sell | 19/01/2022 | 38,815 | 39,533 | 718 | 0.03 |
|  | Canadian Dollar | Sell | 19/01/2022 | 10,119 | 10,167 | 48 | - |
|  | Canadian Dollar | Sell | 19/01/2022 | 3,399 | 3,402 | 3 | - |
|  | Euro | Buy | 19/01/2022 | 5,838,484 | 5,815,515 | 22,969 | 0.94 |
|  | Japanese Yen | Buy | 16/02/2022 | 20,227 | 20,467 | (240) | (0.01) |
|  | Japanese Yen | Sell | 16/02/2022 | 20,227 | 20,497 | 270 | 0.01 |
|  | New Zealand Dollar | Buy | 19/01/2022 | 13,764 | 13,637 | 127 | 0.01 |
|  | New Zealand Dollar | Buy | 19/01/2022 | 4,177 | 4,116 | 61 | - |
|  | New Zealand Dollar | Sell | 19/01/2022 | 17,942 | 18,241 | 299 | 0.01 |
|  | Swedish Krona | Buy | 16/03/2022 | 5,703 | 5,667 | 36 | - |
|  | Swedish Krona | Sell | 16/03/2022 | 3,388 | 3,392 | 4 | - |
|  | Swedish Krona | Sell | 16/03/2022 | 2,314 | 2,311 | (3) | - |
|  | Swiss Franc | Buy | 16/03/2022 | 10,665 | 10,538 | 127 | 0.01 |
|  | Swiss Franc | Sell | 16/03/2022 | 10,665 | 10,585 | (80) | - |
| Credit Suisse International Canadian Dollar | Buy | 19/01/2022 | 10,119 | 10,278 | (159) | (0.01) |
| Canadian Dollar | Sell | 19/01/2022 | 10,119 | 9,997 | (122) | - |
| Goldman Sachs International Australian Dollar | Buy | 19/01/2022 | 10,259 | 10,393 | (134) | (0.01) |
| Australian Dollar | Buy | 19/01/2022 | 20,372 | 20,654 | (282) | (0.01) |
| Australian Dollar | Buy | 19/01/2022 | 13,897 | 13,649 | 248 | 0.01 |
| Australian Dollar | Buy | 19/01/2022 | 32,813 | 32,097 | 716 | 0.03 |
| Australian Dollar | Sell | 19/01/2022 | 77,342 | 77,457 | 115 | - |
| British Pound | Buy | 16/03/2022 | 42,082 | 41,406 | 676 | 0.03 |
| British Pound | Sell | 16/03/2022 | 14,885 | 14,532 | (353) | (0.01) |
| British Pound | Sell | 16/03/2022 | 27,198 | 26,601 | (597) | (0.02) |
| Canadian Dollar | Buy | 19/01/2022 | 75,101 | 75,532 | (431) | (0.02) |
| Canadian Dollar | Sell | 19/01/2022 | 27,748 | 28,213 | 465 | 0.02 |
| Canadian Dollar | Sell | 19/01/2022 | 17,076 | 17,000 | (76) | - |
| Canadian Dollar | Sell | 19/01/2022 | 30,277 | 29,908 | (369) | (0.01) |
| Euro | Buy | 16/03/2022 | 25,768 | 25,546 | 222 | 0.01 |
| Euro | Buy | 19/01/2022 | 1,861,431 | 1,853,704 | 7,727 | 0.32 |
| Euro | Sell | 16/03/2022 | 10,376 | 10,344 | (32) | - |
| Euro | Sell | 16/03/2022 | 15,392 | 15,343 | (49) | - |
| Japanese Yen | Buy | 16/02/2022 | 3,472 | 3,518 | (46) | - |
| Japanese Yen | Buy | 16/02/2022 | 10,176 | 10,190 | (14) | - |
| Japanese Yen | Buy | 16/02/2022 | 54,419 | 55,149 | (730) | (0.03) |
| Japanese Yen | Sell | 16/02/2022 | 54,480 | 55,122 | 642 | 0.03 |
| Japanese Yen | Sell | 16/02/2022 | 3,420 | 3,455 | 35 | - |
| Japanese Yen | Sell | 16/02/2022 | 6,810 | 6,861 | 51 | - |
| Japanese Yen | Sell | 16/02/2022 | 3,358 | 3,402 | 44 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 3,356 | 3,480 | (124) | (0.01) |
| New Zealand Dollar | Buy | 19/01/2022 | 13,764 | 13,637 | 127 | 0.01 |
| New Zealand Dollar | Buy | 19/01/2022 | 26,159 | 25,775 | 384 | 0.02 |
| New Zealand Dollar | Sell | 19/01/2022 | 23,146 | 23,526 | 380 | 0.02 |
| New Zealand Dollar | Sell | 19/01/2022 | 10,135 | 10,254 | 119 | - |
| New Zealand Dollar | Sell | 19/01/2022 | 9,998 | 10,500 | 502 | 0.02 |

| Counterparty | Currency | Contract type* | Delivery date | Value USD | Aggregate face value USD | Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Goldman Sachs International  cont. Norwegian Krone | Buy | 16/03/2022 | USD 3,549 | USD 3,439 | USD 110 | - |
| Norwegian Krone | Buy | 16/03/2022 | 3,232 | 3,182 | 50 | - |
| Norwegian Krone | Sell | 16/03/2022 | 5,171 | 5,043 | (128) | (0.01) |
| Norwegian Krone | Sell | 16/03/2022 | 1,610 | 1,564 | (46) | - |
| Swiss Franc | Buy | 16/03/2022 | 109,509 | 108,198 | 1,311 | 0.05 |
| Swiss Franc | Sell | 16/03/2022 | 109,510 | 108,728 | (782) | (0.03) |
| HSBC Bank USA, N.A. British Pound | Buy | 16/03/2022 | 15,561 | 15,221 | 340 | 0.01 |
| British Pound | Sell | 16/03/2022 | 15,561 | 15,314 | (247) | (0.01) |
| Euro | Buy | 16/03/2022 | 16,989 | 16,932 | 57 | - |
| Euro | Sell | 16/03/2022 | 16,989 | 16,841 | (148) | (0.01) |
| Japanese Yen | Buy | 16/02/2022 | 7,475 | 7,562 | (87) | - |
| Japanese Yen | Buy | 16/02/2022 | 3,457 | 3,489 | (32) | - |
| Japanese Yen | Sell | 16/02/2022 | 10,932 | 11,078 | 146 | 0.01 |
| New Zealand Dollar | Buy | 19/01/2022 | 18,284 | 18,947 | (663) | (0.03) |
| New Zealand Dollar | Sell | 19/01/2022 | 18,284 | 18,013 | (271) | (0.01) |
| JPMorgan Chase Bank, N.A. Australian Dollar | Buy | 19/01/2022 | 45,765 | 44,763 | 1,002 | 0.05 |
| Australian Dollar | Sell | 19/01/2022 | 20,518 | 20,913 | 395 | 0.02 |
| Australian Dollar | Sell | 19/01/2022 | 25,247 | 26,155 | 908 | 0.05 |
| British Pound | Buy | 16/03/2022 | 16,914 | 16,545 | 369 | 0.01 |
| British Pound | Buy | 19/01/2022 | 394,548 | 388,613 | 5,935 | 0.25 |
| British Pound | Buy | 19/01/2022 | 2,166 | 2,116 | 50 | - |
| British Pound | Sell | 16/03/2022 | 16,914 | 16,646 | (268) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 10,119 | 10,354 | (235) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 20,396 | 20,945 | (549) | (0.02) |
| Canadian Dollar | Buy | 19/01/2022 | 3,399 | 3,418 | (19) | - |
| Canadian Dollar | Sell | 19/01/2022 | 17,076 | 16,999 | (77) | - |
| Canadian Dollar | Sell | 19/01/2022 | 16,838 | 16,634 | (204) | (0.01) |
| Euro | Buy | 16/03/2022 | 20,409 | 20,233 | 176 | 0.01 |
| Euro | Buy | 19/01/2022 | 11,844 | 11,786 | 58 | - |
| Euro | Sell | 16/03/2022 | 20,409 | 20,343 | (66) | - |
| Euro | Sell | 19/01/2022 | 1,459,536 | 1,449,201 | (10,335) | (0.43) |
| Japanese Yen | Buy | 16/02/2022 | 19,948 | 20,184 | (236) | (0.01) |
| Japanese Yen | Sell | 16/02/2022 | 19,948 | 20,216 | 268 | 0.01 |
| New Zealand Dollar | Buy | 19/01/2022 | 2,808 | 2,784 | 24 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 11,025 | 10,861 | 164 | 0.01 |
| New Zealand Dollar | Sell | 19/01/2022 | 13,833 | 14,064 | 231 | 0.01 |
| Norwegian Krone | Buy | 16/03/2022 | 3,561 | 3,449 | 112 | - |
| Norwegian Krone | Sell | 16/03/2022 | 3,561 | 3,459 | (102) | - |
| Swiss Franc | Buy | 16/03/2022 | 3,518 | 3,492 | 26 | - |
| Swiss Franc | Sell | 16/03/2022 | 3,518 | 3,476 | (42) | - |
| Morgan Stanley & Co. International PLC Australian Dollar | Buy | 19/01/2022 | 50,348 | 50,426 | (78) | - |
| Australian Dollar | Buy | 19/01/2022 | 5,966 | 6,085 | (119) | - |
| Australian Dollar | Buy | 19/01/2022 | 5,093 | 5,255 | (162) | (0.01) |
| Australian Dollar | Buy | 19/01/2022 | 19,717 | 19,952 | (235) | (0.01) |
| Australian Dollar | Sell | 19/01/2022 | 2,110 | 2,080 | (30) | - |
| Australian Dollar | Sell | 19/01/2022 | 79,015 | 77,284 | (1,731) | (0.08) |
| British Pound | Buy | 16/03/2022 | 37,076 | 36,267 | 809 | 0.03 |
| British Pound | Buy | 19/01/2022 | 2,301 | 2,284 | 17 | - |
| British Pound | Buy | 19/01/2022 | 2,166 | 2,159 | 7 | - |
| British Pound | Sell | 16/03/2022 | 22,191 | 21,837 | (354) | (0.01) |

| Counterparty | Currency | Contract type* | Delivery date | Value USD | Aggregate face value USD | Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Morgan Stanley & Co. International PLC  cont. British Pound | Sell | 16/03/2022 | USD 14,885 | USD 14,533 | USD (352) | (0.01) |
| British Pound | Sell | 19/01/2022 | 2,030 | 1,983 | (47) | - |
| Canadian Dollar | Buy | 19/01/2022 | 15,336 | 15,573 | (237) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 10,119 | 10,283 | (164) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 20,396 | 20,945 | (549) | (0.02) |
| Canadian Dollar | Buy | 19/01/2022 | 15,494 | 15,753 | (259) | (0.01) |
| Canadian Dollar | Sell | 19/01/2022 | 27,827 | 28,293 | 466 | 0.02 |
| Canadian Dollar | Sell | 19/01/2022 | 33,519 | 33,110 | (409) | (0.02) |
| Euro | Buy | 16/03/2022 | 37,170 | 36,844 | 326 | 0.01 |
| Euro | Buy | 19/01/2022 | 10,591 | 10,519 | 72 | - |
| Euro | Sell | 16/03/2022 | 38,766 | 38,531 | (235) | (0.01) |
| Euro | Sell | 16/03/2022 | 37,170 | 37,052 | (118) | - |
| Japanese Yen | Buy | 16/02/2022 | 6,910 | 7,012 | (102) | - |
| Japanese Yen | Buy | 16/02/2022 | 6,913 | 7,031 | (118) | - |
| Japanese Yen | Buy | 16/02/2022 | 24,984 | 25,316 | (332) | (0.01) |
| Japanese Yen | Sell | 16/02/2022 | 35,411 | 35,830 | 419 | 0.02 |
| Japanese Yen | Sell | 16/02/2022 | 3,395 | 3,455 | 60 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 14,929 | 15,663 | (734) | (0.03) |
| New Zealand Dollar | Buy | 19/01/2022 | 18,284 | 18,947 | (663) | (0.03) |
| New Zealand Dollar | Buy | 19/01/2022 | 41,225 | 40,620 | 605 | 0.02 |
| New Zealand Dollar | Sell | 19/01/2022 | 74,438 | 75,677 | 1,239 | 0.05 |
| Swedish Krona | Buy | 16/03/2022 | 9,091 | 9,102 | (11) | - |
| Swedish Krona | Buy | 16/03/2022 | 3,444 | 3,417 | 27 | - |
| Swedish Krona | Sell | 16/03/2022 | 4,828 | 4,796 | (32) | - |
| Swedish Krona | Sell | 16/03/2022 | 7,707 | 7,667 | (40) | - |
| Swiss Franc | Buy | 16/03/2022 | 5,168 | 5,130 | 38 | - |
| Swiss Franc | Buy | 16/03/2022 | 10,445 | 10,295 | 150 | 0.01 |
| Swiss Franc | Sell | 16/03/2022 | 15,613 | 15,424 | (189) | (0.01) |
| Natwest Markets PLC Australian Dollar | Buy | 19/01/2022 | 26,848 | 26,888 | (40) | - |
| Australian Dollar | Sell | 19/01/2022 | 10,259 | 10,549 | 290 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 16,589 | 16,226 | (363) | (0.01) |
| British Pound | Buy | 16/03/2022 | 3,518 | 3,439 | 79 | - |
| British Pound | Buy | 16/03/2022 | 3,789 | 3,706 | 83 | - |
| British Pound | Sell | 16/03/2022 | 7,307 | 7,189 | (118) | - |
| Euro | Buy | 16/03/2022 | 25,654 | 25,572 | 82 | - |
| Euro | Sell | 16/03/2022 | 25,654 | 25,430 | (224) | (0.01) |
| Euro | Sell | 19/01/2022 | 6,067,162 | 6,038,417 | (28,745) | (1.17) |
| Japanese Yen | Buy | 16/02/2022 | 7,474 | 7,561 | (87) | - |
| Japanese Yen | Buy | 16/02/2022 | 10,166 | 10,216 | (50) | - |
| Japanese Yen | Sell | 16/02/2022 | 17,640 | 17,876 | 236 | 0.01 |
| New Zealand Dollar | Buy | 19/01/2022 | 15,134 | 15,512 | (378) | (0.02) |
| New Zealand Dollar | Buy | 19/01/2022 | 8,218 | 8,097 | 121 | 0.01 |
| New Zealand Dollar | Sell | 19/01/2022 | 23,352 | 23,743 | 391 | 0.02 |
| State Street Bank & Trust Company Australian Dollar | Buy | 19/01/2022 | 3,129 | 3,133 | (4) | - |
| Australian Dollar | Buy | 19/01/2022 | 10,259 | 10,393 | (134) | (0.01) |
| Australian Dollar | Buy | 19/01/2022 | 10,113 | 10,232 | (119) | - |
| Australian Dollar | Buy | 19/01/2022 | 20,299 | 20,581 | (282) | (0.01) |
| Australian Dollar | Buy | 19/01/2022 | 5,093 | 5,255 | (162) | (0.01) |
| Australian Dollar | Buy | 19/01/2022 | 16,807 | 17,166 | (359) | (0.01) |
| Australian Dollar | Buy | 19/01/2022 | 19,645 | 19,878 | (233) | (0.01) |
| Australian Dollar | Buy | 19/01/2022 | 3,420 | 3,436 | (16) | - |

| Counterparty | Currency | Contract type* | Delivery date | Value USD | Aggregate face value USD | Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| State Street Bank & Trust Company  cont. Australian Dollar | Buy | 19/01/2022 | USD 10,186 | USD 10,190 | USD (4) | - |
| Australian Dollar | Buy | 19/01/2022 | 3,492 | 3,370 | 122 | 0.01 |
| Australian Dollar | Buy | 19/01/2022 | 13,897 | 13,649 | 248 | 0.01 |
| Australian Dollar | Buy | 19/01/2022 | 50,421 | 49,324 | 1,097 | 0.05 |
| Australian Dollar | Sell | 19/01/2022 | 10,259 | 10,321 | 62 | - |
| Australian Dollar | Sell | 19/01/2022 | 20,299 | 20,719 | 420 | 0.02 |
| Australian Dollar | Sell | 19/01/2022 | 10,186 | 10,400 | 214 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 10,186 | 10,520 | 334 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 10,113 | 10,415 | 302 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 10,113 | 10,420 | 307 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 10,113 | 10,447 | 334 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 10,041 | 10,363 | 322 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 10,041 | 10,368 | 327 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 6,839 | 6,962 | 123 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 6,839 | 6,968 | 129 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 17,171 | 17,522 | 351 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 20,663 | 20,950 | 287 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 3,420 | 3,394 | (26) | - |
| Australian Dollar | Sell | 19/01/2022 | 10,477 | 10,252 | (225) | (0.01) |
| British Pound | Buy | 16/03/2022 | 3,248 | 3,196 | 52 | - |
| British Pound | Buy | 16/03/2022 | 3,518 | 3,443 | 75 | - |
| British Pound | Buy | 16/03/2022 | 812 | 794 | 18 | - |
| British Pound | Buy | 19/01/2022 | 2,166 | 2,136 | 30 | - |
| British Pound | Sell | 16/03/2022 | 7,578 | 7,412 | (166) | (0.01) |
| British Pound | Sell | 19/01/2022 | 2,166 | 2,120 | (46) | - |
| Canadian Dollar | Buy | 19/01/2022 | 126,327 | 127,061 | (734) | (0.03) |
| Canadian Dollar | Buy | 19/01/2022 | 15,336 | 15,573 | (237) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 10,198 | 10,350 | (152) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 10,119 | 10,278 | (159) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 10,119 | 10,354 | (235) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 10,198 | 10,442 | (244) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 15,494 | 15,753 | (259) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 3,478 | 3,441 | 37 | - |
| Canadian Dollar | Buy | 19/01/2022 | 6,878 | 6,881 | (3) | - |
| Canadian Dollar | Sell | 19/01/2022 | 7,194 | 7,305 | 111 | - |
| Canadian Dollar | Sell | 19/01/2022 | 38,815 | 39,533 | 718 | 0.03 |
| Canadian Dollar | Sell | 19/01/2022 | 27,748 | 28,213 | 465 | 0.02 |
| Canadian Dollar | Sell | 19/01/2022 | 17,155 | 17,078 | (77) | - |
| Canadian Dollar | Sell | 19/01/2022 | 117,236 | 115,809 | (1,427) | (0.07) |
| Euro | Buy | 16/03/2022 | 67,270 | 67,048 | 222 | 0.01 |
| Euro | Buy | 16/03/2022 | 3,421 | 3,392 | 29 | - |
| Euro | Buy | 16/03/2022 | 18,927 | 18,777 | 150 | 0.01 |
| Euro | Buy | 16/03/2022 | 2,508 | 2,493 | 15 | - |
| Euro | Buy | 19/01/2022 | 13,780 | 13,717 | 63 | - |
| Euro | Buy | 19/01/2022 | 11,275 | 11,221 | 54 | - |
| Euro | Sell | 16/03/2022 | 10,490 | 10,458 | (32) | - |
| Euro | Sell | 16/03/2022 | 81,636 | 80,930 | (706) | (0.03) |
| Euro | Sell | 19/01/2022 | 5,885,062 | 5,856,947 | (28,115) | (1.15) |
| Japanese Yen | Buy | 16/02/2022 | 20,643 | 20,813 | (170) | (0.01) |
| Japanese Yen | Buy | 16/02/2022 | 3,370 | 3,417 | (47) | - |
| Japanese Yen | Buy | 16/02/2022 | 5,368 | 5,447 | (79) | - |
| Japanese Yen | Buy | 16/02/2022 | 11,163 | 11,313 | (150) | (0.01) |
| Japanese Yen | Sell | 16/02/2022 | 1,165 | 1,179 | 14 | - |

| Counterparty | Currency | Contract type* | Delivery date | Value USD | Aggregate face value USD | Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| State Street Bank & Trust Company  cont. Japanese Yen | Sell | 16/02/2022 | USD 20,764 | USD 20,989 | USD 225 | 0.01 |
| Japanese Yen | Sell | 16/02/2022 | 18,615 | 18,884 | 269 | 0.01 |
| New Zealand Dollar | Buy | 19/01/2022 | 2,602 | 2,645 | (43) | - |
| New Zealand Dollar | Buy | 19/01/2022 | 14,928 | 15,663 | (735) | (0.03) |
| New Zealand Dollar | Buy | 19/01/2022 | 18,284 | 18,947 | (663) | (0.03) |
| New Zealand Dollar | Buy | 19/01/2022 | 3,356 | 3,493 | (137) | (0.01) |
| New Zealand Dollar | Buy | 19/01/2022 | 3,356 | 3,486 | (130) | (0.01) |
| New Zealand Dollar | Buy | 19/01/2022 | 6,711 | 7,017 | (306) | (0.01) |
| New Zealand Dollar | Buy | 19/01/2022 | 16,777 | 17,437 | (660) | (0.03) |
| New Zealand Dollar | Buy | 19/01/2022 | 15,271 | 15,789 | (518) | (0.02) |
| New Zealand Dollar | Buy | 19/01/2022 | 3,356 | 3,444 | (88) | - |
| New Zealand Dollar | Buy | 19/01/2022 | 3,492 | 3,491 | 1 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 6,916 | 6,848 | 68 | - |
| New Zealand Dollar | Sell | 19/01/2022 | 10,135 | 10,224 | 89 | - |
| New Zealand Dollar | Sell | 19/01/2022 | 3,356 | 3,435 | 79 | - |
| New Zealand Dollar | Sell | 19/01/2022 | 13,764 | 13,576 | (188) | (0.01) |
| New Zealand Dollar | Sell | 19/01/2022 | 67,795 | 66,785 | (1,010) | (0.04) |
| Swedish Krona | Buy | 16/03/2022 | 3,444 | 3,447 | (3) | - |
| Swedish Krona | Sell | 16/03/2022 | 2,569 | 2,556 | (13) | - |
| Swedish Krona | Sell | 16/03/2022 | 875 | 869 | (6) | - |
| Swiss Franc | Buy | 16/03/2022 | 86,310 | 85,700 | 610 | 0.02 |
| Swiss Franc | Sell | 16/03/2022 | 1,539 | 1,523 | (16) | - |
| Swiss Franc | Sell | 16/03/2022 | 84,771 | 83,749 | (1,022) | (0.04) |
| Toronto-Dominion Bank Australian Dollar | Buy | 19/01/2022 | 19,717 | 19,952 | (235) | (0.01) |
| Australian Dollar | Sell | 19/01/2022 | 19,718 | 19,285 | (433) | (0.02) |
| British Pound | Buy | 16/03/2022 | 46,413 | 45,668 | 745 | 0.03 |
| British Pound | Sell | 16/03/2022 | 14,885 | 14,532 | (353) | (0.01) |
| British Pound | Sell | 16/03/2022 | 31,529 | 30,837 | (692) | (0.03) |
| Canadian Dollar | Buy | 19/01/2022 | 10,119 | 10,270 | (151) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 2,372 | 2,361 | 11 | - |
| Canadian Dollar | Buy | 19/01/2022 | 64,587 | 63,807 | 780 | 0.03 |
| Canadian Dollar | Sell | 19/01/2022 | 10,514 | 10,574 | 60 | - |
| Canadian Dollar | Sell | 19/01/2022 | 38,815 | 39,533 | 718 | 0.03 |
| Canadian Dollar | Sell | 19/01/2022 | 27,748 | 28,213 | 465 | 0.02 |
| Euro | Buy | 16/03/2022 | 18,927 | 18,778 | 149 | 0.01 |
| Euro | Buy | 16/03/2022 | 4,333 | 4,295 | 38 | - |
| Euro | Sell | 16/03/2022 | 23,260 | 23,185 | (75) | - |
| Japanese Yen | Buy | 16/02/2022 | 18,615 | 18,863 | (248) | (0.01) |
| Japanese Yen | Sell | 16/02/2022 | 18,615 | 18,884 | 269 | 0.01 |
| New Zealand Dollar | Buy | 19/01/2022 | 32,186 | 31,713 | 473 | 0.02 |
| New Zealand Dollar | Sell | 19/01/2022 | 32,186 | 32,718 | 532 | 0.02 |
| Norwegian Krone | Buy | 16/03/2022 | 5,171 | 5,022 | 149 | 0.01 |
| Norwegian Krone | Sell | 16/03/2022 | 5,171 | 5,043 | (128) | (0.01) |
| UBS AG Australian Dollar | Buy | 19/01/2022 | 26,775 | 26,811 | (36) | - |
| Australian Dollar | Buy | 19/01/2022 | 3,492 | 3,417 | 75 | - |
| Australian Dollar | Sell | 19/01/2022 | 25,174 | 26,078 | 904 | 0.05 |
| Australian Dollar | Sell | 19/01/2022 | 5,093 | 4,982 | (111) | - |
| British Pound | Buy | 16/03/2022 | 4,871 | 4,765 | 106 | - |
| British Pound | Buy | 19/01/2022 | 2,030 | 2,000 | 30 | - |
| British Pound | Sell | 16/03/2022 | 4,871 | 4,793 | (78) | - |
| Canadian Dollar | Buy | 19/01/2022 | 10,277 | 10,362 | (85) | - |

| Counterparty | Currency | Contract type* | Delivery date | Value USD | Aggregate face value USD | Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| UBS AG  cont. |  |  |  |  |  |  |  |
|  | Canadian Dollar | Buy | 19/01/2022 | USD 42,215 | USD 41,702 | USD 513 | 0.02 |
|  | Canadian Dollar | Sell | 19/01/2022 | 38,815 | 39,534 | 719 | 0.03 |
|  | Canadian Dollar | Sell | 19/01/2022 | 13,676 | 13,935 | 259 | 0.01 |
|  | Euro | Buy | 16/03/2022 | 12,770 | 12,658 | 112 | - |
|  | Euro | Buy | 19/01/2022 | 1,936 | 1,927 | 9 | - |
|  | Euro | Buy | 19/01/2022 | 24,371 | 24,277 | 94 | - |
|  | Euro | Sell | 16/03/2022 | 12,770 | 12,729 | (41) | - |
|  | Japanese Yen | Buy | 16/02/2022 | 43,636 | 44,135 | (499) | (0.02) |
|  | Japanese Yen | Sell | 16/02/2022 | 20,764 | 20,989 | 225 | 0.01 |
|  | Japanese Yen | Sell | 16/02/2022 | 22,872 | 23,178 | 306 | 0.01 |
|  | New Zealand Dollar | Buy | 19/01/2022 | 15,134 | 15,512 | (378) | (0.02) |
|  | New Zealand Dollar | Buy | 19/01/2022 | 18,284 | 18,948 | (664) | (0.03) |
|  | New Zealand Dollar | Buy | 19/01/2022 | 15,203 | 15,718 | (515) | (0.02) |
|  | New Zealand Dollar | Sell | 19/01/2022 | 33,007 | 32,516 | (491) | (0.02) |
|  | New Zealand Dollar | Sell | 19/01/2022 | 8,971 | 9,121 | 150 | 0.01 |
|  | New Zealand Dollar | Sell | 19/01/2022 | 6,643 | 6,784 | 141 | 0.01 |
|  | Swiss Franc | Buy | 16/03/2022 | 22,320 | 22,053 | 267 | 0.01 |
|  | Swiss Franc | Sell | 16/03/2022 | 22,320 | 22,160 | (160) | (0.01) |
| Westpac Banking | Corporation |  |  |  |  |  |  |
|  | Euro | Buy | 19/01/2022 | 7,764,715 | 7,728,371 | 36,344 | 1.48 |
|  | New Zealand Dollar | Buy | 19/01/2022 | 18,079 | 18,735 | (656) | (0.03) |
|  | New Zealand Dollar | Sell | 19/01/2022 | 18,079 | 17,812 | (267) | (0.01) |
| Unrealised Appreciation on Forward Foreign Exchange Currency Contracts | USD 112,360 | 4.54 |
| Unrealised Depreciation on Forward Foreign Exchange Currency Contracts | USD (105,480) | (4.26) |
| Net Unrealised Appreciation on Forward Foreign Exchange Currency Contracts | USD 6,880 | 0.28 |
| Total Financial Assets at Fair Value through Profit or Loss | USD 2,162,728 | 87.34 |
| Total Financial Liabilities at Fair Value through Profit or Loss | USD (174,617) | (7.05) |
| * The exchange currency for all contracts listed is the United States Dollar. |  |  |
| Analysis of Total Assets |  | % of Total Assets |
| Transferable securities admitted to official stock exchange listing |  | - |
| Transferable securities dealt on another regulated market |  | 44.32 |
| Other transferable securities of the type referred to in Regulation 68(1)(a), (b) and (c) |  | 19.70 |
| OTC financial derivative instruments |  | 6.18 |
| Exchange Traded financial derivative instruments |  | 0.81 |
| Other assets |  | 28.99 |
| Total Assets |  | 100.00 |


## Schedule of Investments 31 December 2021
U.S. GOVERNMENT AND AGENCY MORTGAGE OBLIGATIONS (60.06%) (30 June 2021: 69.89%)
Principal Amount
Coupon
Rate
Maturity Dates
Value USD
% of Fund
| U.S. Government Agency Mortgage Obligations (44.94%) USD 11,000,000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 2.00 | 14/02/2052 | USD 10,949,469 | 4.91 |
| --- | --- | --- | --- | --- |
| 10,000,000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 3.00 | 14/02/2052 | 10,348,829 | 4.64 |
| 2,000,000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 3.50 | 14/02/2052 | 2,103,594 | 0.94 |
| 27,000,000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 3.00 | 13/01/2052 | 27,981,914 | 12.54 |
| 11,000,000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 2.00 | 25/07/2051 | 10,973,532 | 4.92 |
| 23,000,000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 2.50 | 25/07/2051 | 23,485,167 | 10.53 |
| 10,000,000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 2.50 | 11/02/2051 | 10,185,552 | 4.57 |
| 4,000,000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 3.50 | 25/02/2049 | 4,212,501 | 1.89 |
|  |  |  | 100,240,558 | 44.94 |
| U.S. Government Guaranteed Mortgage Obligations (15.12%) |  |  |  |  |
| 158,143 Government National Mortgage Association Pass-Through Certificates | 5.00 | 20/03/2050 | 173,857 | 0.08 |
| 39,558 Government National Mortgage Association Pass-Through Certificates | 4.00 | 20/01/2050 | 42,963 | 0.02 |
| 162,828 Government National Mortgage Association Pass-Through Certificates | 4.00 | 20/12/2049 | 176,841 | 0.08 |
| 10,734 Government National Mortgage Association Pass-Through Certificates | 3.50 | 20/11/2049 | 11,389 | 0.01 |
| 109,256 Government National Mortgage Association Pass-Through Certificates | 3.50 | 20/11/2049 | 116,025 | 0.05 |
| 27,396 Government National Mortgage Association Pass-Through Certificates | 3.50 | 20/10/2049 | 29,068 | 0.01 |
| 43,147 Government National Mortgage Association Pass-Through Certificates | 4.00 | 20/10/2049 | 46,860 | 0.02 |
| 45,111 Government National Mortgage Association Pass-Through Certificates | 4.00 | 20/10/2049 | 48,994 | 0.02 |
| 77,350 Government National Mortgage Association Pass-Through Certificates | 4.00 | 20/09/2049 | 84,007 | 0.04 |
| 16,627 Government National Mortgage Association Pass-Through Certificates | 4.00 | 20/08/2049 | 18,058 | 0.01 |
| 6,000,000 Government National Mortgage Association Pass-Through Certificates TBA | 2.00 | 21/01/2052 | 6,057,812 | 2.71 |
| 26,000,000 Government National Mortgage Association Pass-Through Certificates TBA | 3.00 | 20/07/2049 | 26,915,202 | 12.07 |
|  |  |  | 33,721,076 | 15.12 |
| Total U.S. Government and Agency Mortgage Obligations |  |  | USD 133,961,634 | 60.06 |
| U.S. GOVERNMENT AGENCY OBLIGATIONS (-%) (30 June 2021: 1.55%) |  |  |  |  |
| MORTGAGE-BACKED SECURITIES (80.10%) (30 June 2021: 79.16%) |  |  |  |  |
| Principal | Coupon | Maturity | Value | % of |
| Amount | Rate | Dates | USD | Fund |
| Agency Collateralised Mortgage Obligations (35.62%) USD 199,766 Federal Home Loan Mortgage Corporation (Class AS) | 5.90 | 25/09/2048 | USD 30,027 | 0.01 |
| 8,234,846 Federal Home Loan Mortgage Corporation (Class BI) | 4.00 | 25/09/2050 | 1,194,234 | 0.54 |
| 173,317 Federal Home Loan Mortgage Corporation (Class CI) | 7.00 | 15/03/2045 | 36,949 | 0.02 |
| 2,862,460 Federal Home Loan Mortgage Corporation (Class ES) | 5.90 | 25/12/2049 | 358,819 | 0.16 |
| 9,102,926 Federal Home Loan Mortgage Corporation (Class IC) | 4.00 | 25/02/2050 | 1,102,302 | 0.49 |
| 51,506 Federal Home Loan Mortgage Corporation (Class IG) | 3.00 | 15/06/2048 | 5,147 | - |
| 7,343,744 Federal Home Loan Mortgage Corporation (Class IK) | 4.50 | 25/12/2050 | 1,136,223 | 0.51 |
| 5,528,579 Federal Home Loan Mortgage Corporation (Class IL) | 4.50 | 25/03/2051 | 825,624 | 0.37 |
| 135,726 Federal Home Loan Mortgage Corporation (Class IO) | 5.50 | 15/08/2048 | 29,059 | 0.01 |
| 1,644,971 Federal Home Loan Mortgage Corporation (Class IP) | 4.00 | 15/02/2047 | 189,759 | 0.09 |
| 4,653,000 Federal Home Loan Mortgage Corporation (Class JI) | 3.00 | 25/11/2051 | 561,401 | 0.25 |
| 6,953,500 Federal Home Loan Mortgage Corporation (Class KI) | 4.00 | 25/06/2051 | 1,233,110 | 0.55 |
| 6,594,045 Federal Home Loan Mortgage Corporation (Class KI) | 4.00 | 25/12/2050 | 1,002,229 | 0.45 |
| 6,219,614 Federal Home Loan Mortgage Corporation (Class MI) | 3.50 | 25/09/2050 | 954,089 | 0.43 |
| 6,321,263 Federal Home Loan Mortgage Corporation (Class MI) | 4.50 | 25/11/2048 | 1,109,486 | 0.50 |
| 5,759,813 Federal Home Loan Mortgage Corporation (Class NS) | 6.04 | 15/06/2047 | 1,075,895 | 0.48 |
| 10,265,942 Federal Home Loan Mortgage Corporation (Class PI) | 4.50 | 25/10/2049 | 1,378,320 | 0.62 |
| 319,326 Federal Home Loan Mortgage Corporation (Class QI) | 4.00 | 15/11/2044 | 52,005 | 0.02 |
| 1,620,291 Federal Home Loan Mortgage Corporation (Class S) | 6.09 | 15/06/2048 | 253,206 | 0.11 |
| 1,618,739 Federal Home Loan Mortgage Corporation (Class SA) | 5.95 | 25/08/2049 | 262,721 | 0.12 |
| 7,610,397 Federal Home Loan Mortgage Corporation (Class SA) | 5.95 | 25/08/2049 | 1,370,766 | 0.61 |
| 1,240,240 Federal Home Loan Mortgage Corporation (Class SA) | 6.39 | 15/09/2041 | 227,023 | 0.10 |
| 1,830,329 Federal Home Loan Mortgage Corporation (Class SC) | 6.44 | 15/10/2033 | 329,666 | 0.15 |
| 1,530,402 Federal Home Loan Mortgage Corporation (Class SN) | 5.95 | 25/06/2050 | 281,309 | 0.13 |
| 3,030,389 Federal Home Loan Mortgage Corporation (Class SP) | 5.90 | 25/08/2049 | 444,346 | 0.20 |

MORTGAGE-BACKED SECURITIES (80.10%) (30 June 2021: 79.16%) 
cont.
Principal Amount
Coupon
Rate
Maturity Dates
Value USD
% of Fund
| Agency Collateralised Mortgage Obligations (35.62%)  cont. USD 7,107,127 Federal National Mortgage Association (Class AS) | 6.15 | 25/08/2047 | USD 1,219,378 | 0.55 |
| --- | --- | --- | --- | --- |
| 92,701 Federal National Mortgage Association (Class AS) | 6.00 | 25/12/2046 | 14,412 | 0.01 |
| 8,261,662 Federal National Mortgage Association (Class BI) | 4.50 | 25/10/2048 | 1,291,815 | 0.58 |
| 47,216 Federal National Mortgage Association (Class BS) | 5.95 | 25/10/2049 | 4,268 | - |
| 2,054,335 Federal National Mortgage Association (Class BS) | 6.00 | 25/11/2046 | 383,340 | 0.17 |
| 127,062 Federal National Mortgage Association (Class BS) | 6.00 | 25/09/2046 | 21,538 | 0.01 |
| 5,902,235 Federal National Mortgage Association (Class C12) | 4.00 | 25/12/2045 | 1,001,911 | 0.45 |
| 3,967,739 Federal National Mortgage Association (Class C35) | 4.50 | 25/10/2040 | 664,709 | 0.30 |
| 262,842 Federal National Mortgage Association (Class CS) | 5.90 | 25/11/2049 | 61,836 | 0.03 |
| 214,010 Federal National Mortgage Association (Class CS) | 6.00 | 25/05/2039 | 37,672 | 0.02 |
| 5,453,553 Federal National Mortgage Association (Class GI) | 3.50 | 25/12/2051 | 788,466 | 0.35 |
| 3,827,464 Federal National Mortgage Association (Class HI) | 4.00 | 25/12/2049 | 285,414 | 0.13 |
| 2,811,528 Federal National Mortgage Association (Class IA) | 4.50 | 25/11/2047 | 403,398 | 0.18 |
| 6,886,606 Federal National Mortgage Association (Class IA) | 5.00 | 25/05/2047 | 1,145,449 | 0.51 |
| 3,701,991 Federal National Mortgage Association (Class IA) | 5.00 | 25/06/2045 | 620,935 | 0.28 |
| 9,134,002 Federal National Mortgage Association (Class IK) | 3.50 | 25/10/2050 | 1,571,322 | 0.70 |
| 396,854 Federal National Mortgage Association (Class IO) | 4.50 | 25/03/2049 | 44,886 | 0.02 |
| 159,529 Federal National Mortgage Association (Class IO) | 5.50 | 25/08/2048 | 30,792 | 0.01 |
| 145,301 Federal National Mortgage Association (Class IO) | 6.50 | 25/07/2048 | 24,300 | 0.01 |
| 140,042 Federal National Mortgage Association (Class IO) | 5.50 | 25/05/2045 | 25,196 | 0.01 |
| 8,624,806 Federal National Mortgage Association (Class IP) | 3.00 | 25/12/2050 | 992,249 | 0.44 |
| 98,064 Federal National Mortgage Association (Class KI) | 5.00 | 25/06/2041 | 17,001 | 0.01 |
| 4,192,518 Federal National Mortgage Association (Class KS) | 5.90 | 25/11/2049 | 591,650 | 0.27 |
| 5,271,243 Federal National Mortgage Association (Class KS) | 5.95 | 25/08/2049 | 835,327 | 0.37 |
| 127,406 Federal National Mortgage Association (Class MI) | 5.50 | 25/02/2046 | 22,217 | 0.01 |
| 163,115 Federal National Mortgage Association (Class PI) | 5.50 | 25/08/2033 | 25,594 | 0.01 |
| 3,903,211 Federal National Mortgage Association (Class PS) | 5.90 | 25/12/2049 | 604,133 | 0.27 |
| 5,618,063 Federal National Mortgage Association (Class PS) | 5.90 | 25/04/2049 | 721,135 | 0.32 |
| 8,386,390 Federal National Mortgage Association (Class PS) | 6.10 | 25/08/2048 | 1,203,464 | 0.54 |
| 3,353,413 Federal National Mortgage Association (Class S) | 5.90 | 25/04/2049 | 389,173 | 0.17 |
| 2,514,362 Federal National Mortgage Association (Class SA) | 5.85 | 25/12/2049 | 421,431 | 0.19 |
| 3,558,731 Federal National Mortgage Association (Class SA) | 5.95 | 25/10/2049 | 638,365 | 0.29 |
| 5,072,824 Federal National Mortgage Association (Class SA) | 5.95 | 25/05/2049 | 825,319 | 0.37 |
| 4,337,644 Federal National Mortgage Association (Class SA) | 6.10 | 25/08/2048 | 634,276 | 0.28 |
| 2,506,125 Federal National Mortgage Association (Class SA) | 6.10 | 25/06/2048 | 350,858 | 0.16 |
| 1,588,253 Federal National Mortgage Association (Class SA) | 5.95 | 25/03/2046 | 301,878 | 0.14 |
| 212,974 Federal National Mortgage Association (Class SA) | 6.60 | 25/02/2043 | 52,347 | 0.02 |
| 200,879 Federal National Mortgage Association (Class SB) | 6.10 | 25/09/2048 | 30,734 | 0.01 |
| 3,234,065 Federal National Mortgage Association (Class SC) | 5.85 | 25/07/2050 | 562,902 | 0.25 |
| 3,977,664 Federal National Mortgage Association (Class SC) | 5.90 | 25/11/2049 | 681,772 | 0.31 |
| 6,035,718 Federal National Mortgage Association (Class SE) | 6.00 | 25/06/2050 | 1,251,544 | 0.56 |
| 3,097,158 Federal National Mortgage Association (Class SH) | 6.00 | 25/07/2049 | 538,048 | 0.24 |
| 78,073 Federal National Mortgage Association (Class SH) | 6.05 | 25/05/2049 | 12,806 | 0.01 |
| 6,368,108 Federal National Mortgage Association (Class SH) | 6.46 | 25/06/2041 | 1,239,869 | 0.56 |
| 160,196 Federal National Mortgage Association (Class SK) | 5.90 | 25/12/2046 | 29,324 | 0.01 |
| 1,733,257 Federal National Mortgage Association (Class SM) | 5.95 | 25/06/2049 | 243,157 | 0.11 |
| 2,623,739 Federal National Mortgage Association (Class SN) | 5.95 | 25/09/2049 | 396,252 | 0.18 |
| 320,835 Federal National Mortgage Association (Class ST) | 5.82 | 25/06/2041 | 53,287 | 0.02 |
| 367,164 Federal National Mortgage Association (Class YI) | 3.50 | 25/06/2042 | 14,716 | 0.01 |
| 4,672,518 Government National Mortgage Association (Class AI) | 2.12 | 20/02/2070 | 332,884 | 0.15 |
| 792,890 Government National Mortgage Association (Class AI) | 1.73 | 20/03/2068 | 24,382 | 0.01 |
| 3,414,219 Government National Mortgage Association (Class AI) | 2.02 | 20/11/2066 | 248,197 | 0.11 |
| 4,638,201 Government National Mortgage Association (Class AI) | 2.10 | 20/09/2066 | 334,095 | 0.15 |
| 1,805,468 Government National Mortgage Association (Class AI) | 1.67 | 20/02/2066 | 108,534 | 0.05 |
| 4,415,384 Government National Mortgage Association (Class AS) | 6.04 | 16/09/2043 | 776,599 | 0.35 |
| 5,542,733 Government National Mortgage Association (Class BI) | 1.91 | 20/12/2069 | 383,661 | 0.17 |

MORTGAGE-BACKED SECURITIES (80.10%) (30 June 2021: 79.16%) 
cont.
Principal Amount
Coupon
Rate
Maturity Dates
Value USD
% of Fund
| Agency Collateralised Mortgage Obligations (35.62%)  cont. USD 13,585,886 Government National Mortgage Association (Class BI) | 3.11 | 20/06/2069 | USD 992,109 | 0.44 |
| --- | --- | --- | --- | --- |
| 3,841,013 Government National Mortgage Association (Class BI) | 2.34 | 20/02/2068 | 326,486 | 0.15 |
| 8,568,992 Government National Mortgage Association (Class BI) | 2.21 | 20/08/2067 | 706,942 | 0.32 |
| 4,968,869 Government National Mortgage Association (Class BI) | 2.33 | 20/02/2067 | 360,902 | 0.16 |
| 3,614,758 Government National Mortgage Association (Class BI) | 2.45 | 20/02/2067 | 276,755 | 0.12 |
| 4,903,193 Government National Mortgage Association (Class BS) | 6.00 | 20/10/2049 | 631,605 | 0.28 |
| 5,386,027 Government National Mortgage Association (Class CI) | 1.96 | 20/01/2070 | 365,240 | 0.16 |
| 8,473,384 Government National Mortgage Association (Class CI) | 1.72 | 20/11/2069 | 462,511 | 0.21 |
| 196,026 Government National Mortgage Association (Class CI) | 2.17 | 20/07/2068 | 14,641 | 0.01 |
| 646,656 Government National Mortgage Association (Class CI) | 1.62 | 20/07/2064 | 22,506 | 0.01 |
| 5,472,276 Government National Mortgage Association (Class CS) | 6.20 | 20/09/2050 | 1,070,021 | 0.48 |
| 5,605,367 Government National Mortgage Association (Class DI) | 1.59 | 01/04/2070 | 281,513 | 0.13 |
| 18,306,643 Government National Mortgage Association (Class DI) | 1.21 | 20/12/2069 | 1,283,480 | 0.59 |
| 330,530 Government National Mortgage Association (Class DI) | 2.20 | 20/08/2068 | 23,705 | 0.01 |
| 2,991,253 Government National Mortgage Association (Class DI) | 2.23 | 20/06/2066 | 213,127 | 0.10 |
| 11,174,151 Government National Mortgage Association (Class DI) | 1.76 | 20/01/2066 | 624,289 | 0.28 |
| 8,863,944 Government National Mortgage Association (Class DI) | 1.74 | 20/05/2063 | 484,743 | 0.22 |
| 315,709 Government National Mortgage Association (Class DI) | 2.07 | 20/12/2062 | 18,499 | 0.01 |
| 1,085,419 Government National Mortgage Association (Class DI) | 5.00 | 16/03/2047 | 191,945 | 0.09 |
| 142,851 Government National Mortgage Association (Class DI) | 5.50 | 16/12/2044 | 28,894 | 0.01 |
| 6,037,450 Government National Mortgage Association (Class DS) | 5.95 | 20/04/2046 | 1,138,346 | 0.51 |
| 5,475,773 Government National Mortgage Association (Class EI) | 2.10 | 20/11/2069 | 345,658 | 0.15 |
| 285,832 Government National Mortgage Association (Class EI) | 2.34 | 20/01/2068 | 24,117 | 0.01 |
| 40,611 Government National Mortgage Association (Class EI) | 3.50 | 20/08/2045 | 3,065 | - |
| 2,891,795 Government National Mortgage Association (Class ES) | 6.00 | 20/08/2049 | 371,306 | 0.17 |
| 115,247 Government National Mortgage Association (Class FI) | 1.54 | 20/06/2068 | 8,981 | - |
| 782,433 Government National Mortgage Association (Class FI) | 1.11 | 20/05/2062 | 18,753 | 0.01 |
| 4,401,994 Government National Mortgage Association (Class GI) | 2.25 | 20/12/2067 | 359,038 | 0.16 |
| 3,963,173 Government National Mortgage Association (Class GI) | 2.14 | 20/10/2067 | 400,652 | 0.18 |
| 5,861,635 Government National Mortgage Association (Class GI) | 4.00 | 20/11/2049 | 717,474 | 0.32 |
| 8,497,519 Government National Mortgage Association (Class GI) | 4.00 | 20/07/2047 | 1,117,973 | 0.50 |
| 3,098,398 Government National Mortgage Association (Class GS) | 5.95 | 20/02/2050 | 500,652 | 0.22 |
| 3,086,956 Government National Mortgage Association (Class HI) | 1.55 | 20/01/2066 | 143,852 | 0.06 |
| 22,048,493 Government National Mortgage Association (Class HI) | 1.71 | 20/09/2064 | 1,107,077 | 0.50 |
| 244,613 Government National Mortgage Association (Class IA) | 2.24 | 20/08/2068 | 17,543 | 0.01 |
| 370,648 Government National Mortgage Association (Class IA) | 4.50 | 20/09/2047 | 65,749 | 0.03 |
| 136,746 Government National Mortgage Association (Class IA) | 3.50 | 20/10/2042 | 19,498 | 0.01 |
| 5,822,814 Government National Mortgage Association (Class IB) | 1.96 | 20/12/2069 | 410,326 | 0.18 |
| 7,142,863 Government National Mortgage Association (Class IB) | 4.00 | 20/04/2046 | 1,032,468 | 0.46 |
| 3,645,879 Government National Mortgage Association (Class IB) | 4.00 | 20/12/2044 | 388,213 | 0.17 |
| 7,318,754 Government National Mortgage Association (Class IC) | 2.06 | 20/12/2069 | 493,833 | 0.22 |
| 3,183,390 Government National Mortgage Association (Class IC) | 4.00 | 20/05/2045 | 468,690 | 0.21 |
| 5,513,780 Government National Mortgage Association (Class IE) | 2.00 | 20/10/2069 | 323,935 | 0.15 |
| 3,582,972 Government National Mortgage Association (Class IJ) | 4.50 | 20/03/2043 | 605,776 | 0.27 |
| 16,809,963 Government National Mortgage Association (Class IM) | 2.01 | 20/05/2069 | 1,124,603 | 0.50 |
| 382,997 Government National Mortgage Association (Class IM) | 2.27 | 20/02/2068 | 34,530 | 0.02 |
| 1,588,854 Government National Mortgage Association (Class IM) | 6.50 | 20/02/2047 | 298,037 | 0.13 |
| 3,375,126 Government National Mortgage Association (Class IN) | 5.00 | 20/09/2049 | 495,752 | 0.22 |
| 986,449 Government National Mortgage Association (Class IN) | 5.00 | 20/02/2048 | 175,913 | 0.08 |
| 5,229,565 Government National Mortgage Association (Class IO) | 5.00 | 20/01/2050 | 972,962 | 0.45 |
| 143,472 Government National Mortgage Association (Class IO) | 6.50 | 20/12/2046 | 26,052 | 0.01 |
| 41,172 Government National Mortgage Association (Class IO) | 5.00 | 20/10/2044 | 7,514 | - |
| 152,695 Government National Mortgage Association (Class JI) | 2.38 | 20/07/2068 | 10,521 | - |
| 178,360 Government National Mortgage Association (Class KI) | 2.30 | 20/08/2068 | 14,046 | 0.01 |
| 4,183,631 Government National Mortgage Association (Class KI) | 3.00 | 20/02/2051 | 605,265 | 0.27 |

MORTGAGE-BACKED SECURITIES (80.10%) (30 June 2021: 79.16%) 
cont.
Principal
Coupon
Maturity
Value
% of
| Amount | Rate | Dates | USD | Fund |
| --- | --- | --- | --- | --- |
| Agency Collateralised Mortgage Obligations (35.62%)  cont. USD 3,253,039 Government National Mortgage Association (Class KS) | 5.94 | 16/09/2049 | USD 811,390 | 0.36 |
| 244,814 Government National Mortgage Association (Class LS) | 6.04 | 20/12/2043 | 54,769 | 0.02 |
| 4,458,946 Government National Mortgage Association (Class MI) | 2.50 | 20/10/2050 | 508,587 | 0.23 |
| 9,026,404 Government National Mortgage Association (Class MI) | 3.00 | 20/03/2050 | 1,002,060 | 0.45 |
| 353,875 Government National Mortgage Association (Class NI) | 2.10 | 20/08/2068 | 23,976 | 0.01 |
| 380,667 Government National Mortgage Association (Class PI) | 1.75 | 20/02/2068 | 15,643 | 0.01 |
| 121,369 Government National Mortgage Association (Class PI) | 4.50 | 20/05/2048 | 10,948 | - |
| 1,445,464 Government National Mortgage Association (Class QI) | 4.50 | 20/03/2040 | 240,419 | 0.11 |
| 4,401,658 Government National Mortgage Association (Class QS) | 6.15 | 20/02/2040 | 748,282 | 0.34 |
| 3,601,543 Government National Mortgage Association (Class S) | 5.95 | 20/08/2049 | 566,523 | 0.25 |
| 154,089 Government National Mortgage Association (Class S) | 6.10 | 20/07/2048 | 24,478 | 0.01 |
| 65,302 Government National Mortgage Association (Class S) | 6.00 | 20/02/2044 | 11,014 | - |
| 6,573,457 Government National Mortgage Association (Class SA) | 5.95 | 20/03/2050 | 1,197,132 | 0.54 |
| 47,125 Government National Mortgage Association (Class SA) | 6.05 | 20/12/2048 | 6,810 | - |
| 1,468,260 Government National Mortgage Association (Class SA) | 6.00 | 20/03/2044 | 277,126 | 0.12 |
| 5,261,759 Government National Mortgage Association (Class SA) | 6.00 | 20/02/2044 | 887,711 | 0.40 |
| 5,253,056 Government National Mortgage Association (Class SA) | 6.60 | 20/08/2043 | 1,038,921 | 0.47 |
| 6,543,874 Government National Mortgage Association (Class SC) | 5.95 | 20/08/2049 | 888,529 | 0.41 |
| 2,019,844 Government National Mortgage Association (Class SC) | 6.00 | 20/02/2049 | 310,382 | 0.14 |
| 1,144,642 Government National Mortgage Association (Class SD) | 6.10 | 20/09/2048 | 150,452 | 0.07 |
| 174,684 Government National Mortgage Association (Class SD) | 6.10 | 20/08/2048 | 26,562 | 0.01 |
| 154,620 Government National Mortgage Association (Class SD) | 6.50 | 20/08/2040 | 27,603 | 0.01 |
| 5,063,327 Government National Mortgage Association (Class SE) | 6.00 | 20/01/2049 | 678,595 | 0.30 |
| 4,555,734 Government National Mortgage Association (Class SG) | 5.95 | 20/11/2049 | 531,035 | 0.24 |
| 130,750 Government National Mortgage Association (Class SG) | 6.15 | 20/08/2048 | 19,380 | 0.01 |
| 150,560 Government National Mortgage Association (Class SG) | 6.00 | 20/01/2044 | 26,449 | 0.01 |
| 4,152,893 Government National Mortgage Association (Class SH) | 5.95 | 20/11/2049 | 346,507 | 0.16 |
| 4,899,388 Government National Mortgage Association (Class SH) | 5.95 | 20/09/2049 | 615,477 | 0.28 |
| 2,540,518 Government National Mortgage Association (Class SH) | 5.95 | 20/03/2049 | 358,569 | 0.16 |
| 123,738 Government National Mortgage Association (Class SH) | 6.15 | 20/07/2048 | 18,055 | 0.01 |
| 5,522,412 Government National Mortgage Association (Class SJ) | 5.95 | 20/08/2049 | 813,866 | 0.36 |
| 5,842,839 Government National Mortgage Association (Class SL) | 6.05 | 20/10/2049 | 675,527 | 0.30 |
| 6,467,617 Government National Mortgage Association (Class SL) | 6.00 | 20/07/2049 | 761,239 | 0.35 |
| 440,486 Government National Mortgage Association (Class SL) | 6.05 | 20/03/2043 | 27,301 | 0.01 |
| 3,425,260 Government National Mortgage Association (Class SQ) | 6.20 | 20/04/2051 | 463,767 | 0.21 |
| 1,619,504 Government National Mortgage Association (Class SQ) | 6.10 | 20/09/2048 | 267,033 | 0.12 |
| 3,493,422 Government National Mortgage Association (Class SW) | 6.00 | 20/07/2049 | 483,909 | 0.22 |
| 230,700 Government National Mortgage Association (Class TI) | 3.50 | 20/05/2043 | 35,869 | 0.02 |
| 155,576 Government National Mortgage Association (Class UI) | 5.00 | 20/03/2040 | 27,689 | 0.01 |
| 2,222,819 Government National Mortgage Association (Class VS) | 6.05 | 20/02/2049 | 340,588 | 0.15 |
| 5,307,666 Government National Mortgage Association (Class XD) | 6.49 | 16/01/2040 | 921,145 | 0.41 |
|  |  |  | 79,443,332 | 35.62 |
| Commercial Mortgage-Backed Securities (26.95%) 575,000 Banc of America Commercial Mortgage Trust 2015-UBS7 (Class B) | 4.36 | 15/09/2048 | 588,994 | 0.26 |
| 751,000 Banc of America Commercial Mortgage Trust 2016-UBS10 (Class C) | 4.85 | 15/07/2049 | 808,659 | 0.36 |
| 2,062,000 Bear Stearns Commercial Mortgage Securities Trust 2007-TOP26 (Class AJ) | 5.43 | 12/01/2045 | 1,587,740 | 0.71 |
| 1,051,000 Benchmark 2018-B1 Mortgage Trust (Class C) | 4.11 | 15/01/2051 | 1,111,963 | 0.50 |
| 110,000 Carrington Mortgage Loan Trust Series 2006-NC2 (Class A4) | 0.34 | 25/06/2036 | 108,025 | 0.05 |
| 1,665,964 Carrington Mortgage Loan Trust Series 2007-RFC1 (Class A3) | 0.24 | 25/12/2036 | 1,621,315 | 0.73 |
| 787,000 CD 2017-CD3 Mortgage Trust (Class D) | 3.25 | 10/02/2050 | 615,241 | 0.28 |
| 1,706,000 CD 2017-CD4 Mortgage Trust (Class D) | 3.30 | 10/05/2050 | 1,552,298 | 0.70 |
| 833,000 Citigroup Commercial Mortgage Trust 2012-GC8 (Class C) | 4.88 | 10/09/2045 | 829,978 | 0.37 |
| 666,387 Citigroup Commercial Mortgage Trust 2013-GC17 (Class D) | 5.10 | 10/11/2046 | 628,238 | 0.28 |
| 1,440,000 Citigroup Commercial Mortgage Trust 2015-GC31 (Class D) | 4.04 | 10/06/2048 | 1,419,381 | 0.64 |

MORTGAGE-BACKED SECURITIES (80.10%) (30 June 2021: 79.16%) 
cont.
| Principal Amount | Coupon Rate | Maturity Dates | Value USD | % of Fund |
| --- | --- | --- | --- | --- |
| Commercial Mortgage-Backed Securities (26.95%)  cont. USD 1,151,000 Citigroup Commercial Mortgage Trust 2015-P1 (Class C) | 4.37 | 15/09/2048 | USD 1,186,767 | 0.53 |
| 413,000 Commercial 2012-CCRE1 Mortgage Trust (Class B) | 4.61 | 15/05/2045 | 413,718 | 0.19 |
| 678,000 Commercial 2012-CCRE1 Mortgage Trust (Class C) | 5.38 | 15/05/2045 | 634,851 | 0.28 |
| 328,000 Commercial 2012-CCRE4 Mortgage Trust (Class B) | 3.70 | 15/10/2045 | 290,034 | 0.13 |
| 395,000 Commercial 2013-CCRE6 Mortgage Trust (Class D) | 4.09 | 10/03/2046 | 385,610 | 0.17 |
| 1,056,000 Commercial 2013-LC13 Mortgage Trust (Class D) | 5.26 | 10/08/2046 | 1,007,954 | 0.45 |
| 417,000 Commercial 2013-LC6 Mortgage Trust (Class E) | 3.50 | 10/01/2046 | 337,021 | 0.15 |
| 560,000 Commercial 2014-CCRE16 Mortgage Trust (Class C) | 4.92 | 10/04/2047 | 579,903 | 0.26 |
| 650,000 Commercial 2014-CCRE17 Mortgage Trust (Class C) | 4.78 | 10/05/2047 | 675,065 | 0.30 |
| 209,000 Commercial 2014-CCRE17 Mortgage Trust (Class D) | 4.85 | 10/05/2047 | 195,555 | 0.09 |
| 437,000 Commercial 2014-CCRE18 Mortgage Trust (Class C) | 4.75 | 15/07/2047 | 440,517 | 0.20 |
| 803,000 Commercial 2014-CCRE19 Mortgage Trust (Class D) | 4.70 | 10/08/2047 | 784,178 | 0.35 |
| 1,181,000 Commercial 2014-CCRE21 Mortgage Trust (Class C) | 4.42 | 10/12/2047 | 1,205,426 | 0.54 |
| 1,041,000 Commercial 2014-LC15 Mortgage Trust (Class C) | 5.00 | 10/04/2047 | 1,070,086 | 0.48 |
| 1,042,000 Commercial 2014-UBS2 Mortgage Trust (Class C) | 4.97 | 10/03/2047 | 1,065,618 | 0.48 |
| 1,083,000 Commercial 2014-UBS4 Mortgage Trust (Class C) | 4.65 | 10/08/2047 | 1,102,850 | 0.49 |
| 1,525,000 Commercial 2014-UBS4 Mortgage Trust (Class D) | 4.71 | 10/08/2047 | 1,258,005 | 0.56 |
| 1,128,000 Commercial 2015-CCRE23 Mortgage Trust (Class D) | 4.29 | 10/05/2048 | 1,117,428 | 0.50 |
| 1,276,000 Commercial 2015-CCRE26 Mortgage Trust (Class D) | 3.48 | 10/10/2048 | 1,230,140 | 0.55 |
| 385,000 Commercial 2017-COR2 Mortgage Trust (Class D) | 3.00 | 10/09/2050 | 358,065 | 0.16 |
| 771,000 Commercial 2018-COR3 Mortgage Trust (Class D) | 2.81 | 10/05/2051 | 677,695 | 0.30 |
| 884,000 CSAIL 2015-C1 Commercial Mortgage Trust (Class C) | 4.26 | 15/04/2050 | 835,733 | 0.37 |
| 1,206,000 CSAIL 2018-C14 Commercial Mortgage Trust (Class D) | 4.92 | 15/11/2051 | 1,247,082 | 0.56 |
| 1,545,000 CSMC Trust 2016-NXSR (Class B) | 4.25 | 15/12/2049 | 1,434,026 | 0.64 |
| 379,000 DBUBS 2011-LC3 Mortgage Trust (Class D) | 5.37 | 10/08/2044 | 376,764 | 0.17 |
| 324,000 GS Mortgage Securities Trust 2010-C1 (Class D) | 5.99 | 10/08/2043 | 238,495 | 0.11 |
| 325,000 GS Mortgage Securities Trust 2012-GCJ7 (Class D) | 5.54 | 10/05/2045 | 299,000 | 0.13 |
| 1,276,000 GS Mortgage Securities Trust 2013-GC13 (Class D) | 4.06 | 10/07/2046 | 516,023 | 0.23 |
| 900,000 GS Mortgage Securities Trust 2014-GC18 (Class B) | 4.89 | 10/01/2047 | 892,514 | 0.40 |
| 40,000 GS Mortgage Securities Trust 2014-GC18 (Class C) | 4.98 | 10/01/2047 | 22,000 | 0.01 |
| 545,000 GS Mortgage Securities Trust 2014-GC24 (Class C) | 4.53 | 10/09/2047 | 500,500 | 0.22 |
| 47,000 GS Mortgage Securities Trust 2014-GC24 (Class D) | 4.53 | 10/09/2047 | 32,555 | 0.01 |
| 637,000 GS Mortgage Securities Trust 2016-GS2 (Class C) | 4.71 | 10/05/2049 | 677,417 | 0.30 |
| 982,000 GS Mortgage Securities Trust 2017-GS5 (Class C) | 4.30 | 10/03/2050 | 1,028,387 | 0.46 |
| 1,258,000 GS Mortgage Securities Trust 2017-GS5 (Class D) | 3.51 | 10/03/2050 | 1,187,282 | 0.53 |
| 1,750,105 GSAA Home Equity Trust 2006-1 (Class A1) | 0.28 | 25/01/2036 | 673,790 | 0.30 |
| 317,978 JP Morgan Chase Commercial Mortgage Securities Trust 2011-C3 (Class B) | 5.01 | 15/02/2046 | 319,705 | 0.14 |
| 928,000 JP Morgan Chase Commercial Mortgage Securities Trust 2012-C6 (Class D) | 5.12 | 15/05/2045 | 886,195 | 0.40 |
| 18,000 JP Morgan Chase Commercial Mortgage Securities Trust 2013-LC11 (Class D) | 4.16 | 15/04/2046 | 15,027 | 0.01 |
| 750,000 JP Morgan Chase Commercial Mortgage Securities Trust 2014-C20 (Class C) | 4.58 | 15/07/2047 | 750,765 | 0.34 |
| 400,000 JPMBB Commercial Mortgage Securities Trust 2013-C14 (Class D) | 4.55 | 15/08/2046 | 256,204 | 0.11 |
| 399,000 JPMBB Commercial Mortgage Securities Trust 2014-C18 (Class D) | 4.79 | 15/02/2047 | 227,601 | 0.10 |
| 280,000 JPMBB Commercial Mortgage Securities Trust 2014-C25 (Class D) | 3.94 | 15/11/2047 | 218,151 | 0.10 |
| 1,263,000 JPMDB Commercial Mortgage Securities Trust 2017-C5 (Class C) | 4.51 | 15/03/2050 | 1,220,785 | 0.56 |
| 372,000 Morgan Stanley Bank of America Merrill Lynch Trust 2012-C6 (Class G) | 4.50 | 15/11/2045 | 249,612 | 0.11 |
| 171,000 Morgan Stanley Bank of America Merrill Lynch Trust 2013-C12 (Class D) | 4.76 | 15/10/2046 | 162,603 | 0.07 |
| 1,617,223 Morgan Stanley Bank of America Merrill Lynch Trust 2014 C19 (Class D) | 3.25 | 15/12/2047 | 1,555,138 | 0.70 |
| 387,000 Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14 (Class C) | 5.05 | 15/02/2047 | 406,349 | 0.18 |
| 416,000 Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14 (Class D) | 5.05 | 15/02/2047 | 426,525 | 0.19 |
| 315,000 Morgan Stanley Bank of America Merrill Lynch Trust 2015-C21 (Class C) | 4.13 | 15/03/2048 | 288,862 | 0.13 |
| 228,000 Morgan Stanley Bank of America Merrill Lynch Trust 2015-C23 (Class D) | 4.14 | 15/07/2050 | 224,523 | 0.10 |
| 517,000 Morgan Stanley Bank of America Merrill Lynch Trust 2015-C25 (Class D) | 3.07 | 15/10/2048 | 491,713 | 0.22 |
| 624,000 Morgan Stanley Bank of America Merrill Lynch Trust 2015-C26 (Class D) | 3.06 | 15/10/2048 | 598,442 | 0.27 |
| 192,000 Morgan Stanley Bank of America Merrill Lynch Trust 2017-C34 (Class D) | 2.70 | 15/11/2052 | 167,372 | 0.08 |
| 25,000 Morgan Stanley Capital I Trust 2011-C3 (Class E) | 5.09 | 15/07/2049 | 22,815 | 0.01 |
| 304,000 Morgan Stanley Capital I Trust 2016-BNK2 (Class D) | 3.00 | 15/11/2049 | 264,696 | 0.12 |

MORTGAGE-BACKED SECURITIES (80.10%) (30 June 2021: 79.16%) 
cont.
Principal
Coupon
Maturity
Value
% of
| Amount | Rate | Dates | USD | Fund |
| --- | --- | --- | --- | --- |
| Commercial Mortgage-Backed Securities (26.95%)  cont. USD 131,911 NRZ Excess Spread-Collateralized Notes Series 2020-PLS1 (Class A) | 3.84 | 25/12/2025 | USD 132,473 | 0.06 |
| 852,000 Ready Capital Mortgage Financing 2020-FL4 LLC (Class C) | 4.85 | 25/02/2035 | 850,957 | 0.38 |
| 1,620,000 UBS Commercial Mortgage Trust 2018-C13 (Class C) | 4.93 | 15/10/2051 | 1,747,399 | 0.79 |
| 1,386,000 UBS-Barclays Commercial Mortgage Trust 2013-C6 (Class B) | 3.88 | 10/04/2046 | 1,392,348 | 0.63 |
| 284,312 UBS-Citigroup Commercial Mortgage Trust 2011-C1 (Class B) | 6.41 | 10/01/2045 | 283,708 | 0.13 |
| 1,897,431 WaMu Asset-Backed Certificates WaMu Series 2007-HE4 Trust (Class 1A) | 0.27 | 25/07/2047 | 1,594,265 | 0.71 |
| 1,114,000 Wells Fargo Commercial Mortgage Trust 2015-C30 (Class D) | 4.50 | 15/09/2058 | 1,123,203 | 0.50 |
| 1,676,000 Wells Fargo Commercial Mortgage Trust 2016-C33 (Class D) | 3.12 | 15/03/2059 | 1,573,546 | 0.71 |
| 401,000 Wells Fargo Commercial Mortgage Trust 2016-LC24 (Class D) | 3.21 | 15/10/2049 | 368,753 | 0.17 |
| 1,488,000 Wells Fargo Commercial Mortgage Trust 2016-NXS5 (Class D) | 4.98 | 15/01/2059 | 1,534,857 | 0.70 |
| 1,054,000 Wells Fargo Commercial Mortgage Trust 2018-C46 (Class C) | 4.99 | 15/08/2051 | 1,140,649 | 0.52 |
| 811,000 WFRBS Commercial Mortgage Trust 2012-C10 (Class B) | 3.74 | 15/12/2045 | 803,587 | 0.36 |
| 13,000 WFRBS Commercial Mortgage Trust 2012-C10 (Class D) | 4.41 | 15/12/2045 | 8,948 | - |
| 1,456,000 WFRBS Commercial Mortgage Trust 2012-C9 (Class D) | 4.81 | 15/11/2045 | 1,451,679 | 0.65 |
| 507,000 WFRBS Commercial Mortgage Trust 2013-C13 (Class D) | 4.14 | 15/05/2045 | 497,973 | 0.22 |
|  |  |  | 60,107,314 | 26.95 |
| Residential Mortgage-Backed Securities (non-agency) (17.53%) 2,274,970 American Home Mortgage Investment Trust 2007-1 (Class GA1C) | 0.29 | 25/05/2047 | 1,307,549 | 0.59 |
| 11,290 Bear Stearns ALT-A Trust 2005-8 (Class 21A1) | 2.46 | 25/10/2035 | 10,423 | - |
| 200,000 Connecticut Avenue Securities Trust 2019-R02 (Class 1B1) | 4.25 | 25/08/2031 | 204,836 | 0.09 |
| 1,090,650 Fannie Mae Connecticut Avenue Securities (Class 1B) | 9.35 | 25/04/2029 | 1,194,811 | 0.54 |
| 1,331,758 Fannie Mae Connecticut Avenue Securities (Class 1B) | 10.35 | 25/01/2029 | 1,496,159 | 0.67 |
| 1,271,866 Fannie Mae Connecticut Avenue Securities (Class 1B) | 11.85 | 25/10/2028 | 1,461,509 | 0.66 |
| 335,332 Fannie Mae Connecticut Avenue Securities (Class 1B) | 11.85 | 25/08/2028 | 376,137 | 0.17 |
| 218,000 Fannie Mae Connecticut Avenue Securities (Class 1B1) | 4.25 | 25/02/2030 | 230,930 | 0.10 |
| 78,000 Fannie Mae Connecticut Avenue Securities (Class 1B1) | 4.95 | 25/10/2029 | 84,561 | 0.04 |
| 1,667,000 Fannie Mae Connecticut Avenue Securities (Class 1B1) | 5.85 | 25/07/2029 | 1,829,300 | 0.82 |
| 1,559,964 Fannie Mae Connecticut Avenue Securities (Class 1M2) | 3.10 | 25/10/2029 | 1,596,425 | 0.72 |
| 1,000,000 Fannie Mae Connecticut Avenue Securities (Class 1M2C) | 2.30 | 25/01/2030 | 1,015,355 | 0.46 |
| 2,292,000 Fannie Mae Connecticut Avenue Securities (Class 1M2C) | 3.65 | 25/07/2029 | 2,374,993 | 1.06 |
| 9,955 Fannie Mae Connecticut Avenue Securities (Class 2B) | 12.85 | 25/10/2028 | 11,335 | 0.01 |
| 2,300,000 Fannie Mae Connecticut Avenue Securities (Class 2B1) | 4.20 | 25/03/2031 | 2,381,066 | 1.07 |
| 1,700,000 Fannie Mae Connecticut Avenue Securities (Class 2B1) | 4.60 | 25/12/2030 | 1,786,572 | 0.80 |
| 10,000 Fannie Mae Connecticut Avenue Securities (Class 2B1) | 4.55 | 25/05/2030 | 10,379 | - |
| 10,000 Fannie Mae Connecticut Avenue Securities (Class 2B1) | 5.60 | 25/09/2029 | 10,963 | - |
| 57,706 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 2.90 | 25/02/2030 | 58,898 | 0.03 |
| 58,797 Fannie Mae Connecticut Avenue Securities (Class B) | 11.24 | 25/01/2029 | 64,579 | 0.03 |
| 1,244,326 Freddie Mac Structured Agency Credit Risk Debt Notes (Class B) | 12.85 | 25/09/2028 | 1,453,595 | 0.65 |
| 1,361,966 Freddie Mac Structured Agency Credit Risk Debt Notes (Class B) | 10.10 | 25/07/2028 | 1,506,759 | 0.68 |
| 440,496 Freddie Mac Structured Agency Credit Risk Debt Notes (Class B) | 9.45 | 25/04/2028 | 474,715 | 0.21 |
| 830,574 Freddie Mac Structured Agency Credit Risk Debt Notes (Class B) | 7.65 | 25/12/2027 | 873,251 | 0.39 |
| 1,280,000 Freddie Mac Structured Agency Credit Risk Debt Notes (Class B1) | 4.55 | 25/03/2030 | 1,356,019 | 0.61 |
| 1,300,000 Freddie Mac Structured Agency Credit Risk Debt Notes (Class B1) | 4.85 | 25/12/2029 | 1,404,835 | 0.63 |
| 250,000 Freddie Mac Structured Agency Credit Risk Debt Notes (Class B1) | 5.25 | 25/10/2029 | 272,236 | 0.12 |
| 670,000 Freddie Mac Structured Agency Credit Risk Debt Notes (Class B1) | 5.05 | 25/07/2029 | 727,426 | 0.33 |
| 524,923 Freddie Mac Structured Agency Credit Risk Debt Notes (Class B2) | 10.10 | 25/07/2029 | 553,569 | 0.25 |
| 109,461 Freddie Mac Structured Agency Credit Risk Debt Notes (Class M2) | 1.90 | 25/07/2030 | 110,145 | 0.05 |
| 170,000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class B2) | 5.70 | 25/12/2050 | 178,024 | 0.08 |
| 440,000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class B2) | 11.55 | 25/10/2050 | 577,775 | 0.26 |
| 1,269,000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class B2) | 10.10 | 25/08/2050 | 1,561,663 | 0.70 |
| 1,222,000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class B2) | 10.10 | 25/07/2050 | 1,483,203 | 0.66 |
| 901,000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class B2) | 9.45 | 25/06/2050 | 1,077,821 | 0.48 |
| 28,000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class B2) | 10.60 | 25/03/2049 | 30,936 | 0.01 |
| 20,000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class B2) | 12.35 | 25/02/2049 | 22,300 | 0.01 |
| 10,000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class B2) | 10.85 | 25/01/2049 | 11,090 | - |
| 520,000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class B2) | 7.50 | 25/11/2048 | 538,736 | 0.24 |
| 1,066,000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class B2) | 11.10 | 25/10/2048 | 1,241,319 | 0.56 |

MORTGAGE-BACKED SECURITIES (80.10%) (30 June 2021: 79.16%) 
cont.
Principal Amount
Coupon
Rate
Maturity Dates
Value USD
% of Fund
| Residential Mortgage-Backed Securities (non-agency) (17.53%)  cont. USD 69,864 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class M2) | 1.95 | 25/02/2050 | USD 70,104 | 0.03 |
| --- | --- | --- | --- | --- |
| 19,117 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class M2) | 2.55 | 25/03/2049 | 19,326 | 0.01 |
| 17,734 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class M2) | 2.75 | 25/01/2049 | 17,943 | 0.01 |
| 48,352 Morgan Stanley Re-REMIC Trust 2010-R4 (Class 4B) | 0.65 | 26/02/2037 | 46,453 | 0.02 |
| 150,000 Oaktown Re II Limited (Class M2) | 2.95 | 25/07/2028 | 150,518 | 0.07 |
| 435,000 Radnor Re 2018-1 Limited (Class M2) | 2.80 | 25/03/2028 | 437,931 | 0.20 |
| 250,000 Seasoned Credit Risk Transfer Trust Series 2017-3 (Class M2) | 4.75 | 25/07/2056 | 256,066 | 0.11 |
| 1,740,000 Seasoned Credit Risk Transfer Trust Series 2018-4 (Class M) | 4.75 | 25/03/2058 | 1,817,071 | 0.81 |
| 1,780,000 Seasoned Credit Risk Transfer Trust Series 2019-4 (Class M) | 4.50 | 25/02/2059 | 1,836,074 | 0.82 |
| 1,336,000 STACR Trust 2018-DNA3 (Class B2) | 7.85 | 25/09/2048 | 1,442,955 | 0.65 |
| 47,801 Structured Asset Mortgage Investments II Trust 2006-AR7 (Class A1BG) | 0.22 | 25/08/2036 | 46,010 | 0.02 |
|  |  |  | 39,102,648 | 17.53 |
| Total Mortgage-Backed Securities |  |  | USD 178,653,294 | 80.10 |
| REPURCHASE AGREEMENTS (7.71%) (30 June 2021: 8.25%) |  |  |  |  |
| Principal | Effective | Maturity | Value | % of |
| Amount | Yield | Date | USD | Fund |
| USD 17,191,000 Repurchase Agreement - Barclays Capital Incorporated* | 0.04 | 03/01/2022 | USD 17,191,000 | 7.71 |
| Total Repurchase Agreements |  |  | USD 17,191,000 | 7.71 |

*Interest in USD25,000,000 bulk repurchase agreement dated 31 December 2021 with Barclays Capital Incorporated due 3 January 2022 - maturity value of USD17,191,057 for an effective yield of 0.040% (collateralized by U.S. Treasuries (including strips) with a coupon rate of 3.375% and a due date of 15 November 2048, valued at USD25,500,000).
COMMERCIAL PAPER (3.69%) (30 June 2021: 5.46%)
| Principal | Yield | Maturity | Value | % of |
| --- | --- | --- | --- | --- |
| Amount | (%) | Dates | USD | Fund |
| USD 1,250,000 BPCE | 0.11 | 14/01/2022 | USD 1,249,950 | 0.56 |
| 1,375,000 DNB Bank ASA | 0.14 | 08/03/2022 | 1,374,647 | 0.62 |
| 1,500,000 Mitsubishi UFJ | 0.12 | 24/01/2022 | 1,499,885 | 0.67 |
| 1,100,000 Nationwide Building Society | 0.17 | 20/01/2022 | 1,099,901 | 0.49 |
| 1,450,000 Toronto-Dominion Bank | 0.12 | 18/01/2022 | 1,449,918 | 0.65 |
| 1,555,000 Total Capital Canada Limited | 0.13 | 25/02/2022 | 1,554,692 | 0.70 |
| Total Commercial Paper |  |  | USD 8,228,993 | 3.69 |
| U.S. TREASURY OBLIGATIONS (5.91%) (30 June 2021: 8.82%) |  |  |  |  |
| Principal | Yield | Maturity | Value | % of |
| Amount | (%) | Dates | USD | Fund |
| USD 3,400,000 United States Treasury Bill | 0.07 | 05/05/2022 | USD 3,399,182 | 1.52 |
| 4,000,000 United States Treasury Bill1 | 0.05 | 14/04/2022 | 3,999,410 | 1.79 |
| 1,300,000 United States Treasury Bill2 | 0.04 | 24/03/2022 | 1,299,841 | 0.59 |
| 3,000,000 United States Treasury Bill3 | 0.04 | 10/03/2022 | 2,999,783 | 1.34 |
| 1,500,000 United States Treasury Bill4 | 0.04 | 10/02/2022 | 1,499,933 | 0.67 |
| Total U.S. Treasury Obligations |  |  | USD 13,198,149 | 5.91 |
| Total Value of Investments excluding financial derivative instruments |  |  | USD 351,233,070 | 157.47 |
| 1  Security is partly held as collateral by Barclays Bank PLC (USD 995). 2  Security is partly held as collateral by Morgan Stanley (USD 233,802). |  |  |  |  |

3 
Security is partly held as collateral by Citigroup Global Markets Incorporated (USD 1,462,504), JP Morgan Securities Incorporated (USD 781,992) and Morgan Stanley (USD 158,189).
4 
Security is partly held as collateral by Citigroup Global Markets Incorporated (USD 672,620), JP Morgan Securities Incorporated (USD 109,450) and Morgan
Stanley (USD 191,040).
FUTURES CONTRACTS OUTSTANDING (-0.28%) (30 June 2021: -0.17%)
| Number of Contracts | Notional Amount | Value | Expiration Date | Unrealised Depreciation USD | % of Fund |
| --- | --- | --- | --- | --- | --- |
| U.S. Treasury Note Ultra 10 yr (Short)	259 | USD 37,927,313 | USD 37,927,313 | Mar - 22 | USD (631,313) | (0.28) |
| Unrealised Depreciation on Futures Contracts Outstanding | USD (631,313) | (0.28) |
| Variation Margin Settlement to Date | USD - | - |
| Cumulative Unrealised Depreciation less Variation Margin Settlement to Date | USD (631,313) | (0.28) |
| The Brokers for Futures Contracts in the Fund is JP Morgan Securities Incorporated. |  |  |

TBA SALES COMMITMENTS OUTSTANDING (-21.51%) (30 June 2021: -14.47%)
| Principal Amount Agency | Coupon Rate % | Settlement Dates | Value USD | % of Fund |
| --- | --- | --- | --- | --- |
| USD 1,000,000 Government National Mortgage Association | 4.00 | 20/01/2022 | USD (1,052,311) | (0.47) |
| 11,000,000 Uniform Mortgage Backed Securities | 2.00 | 13/01/2022 | (10,973,532) | (4.92) |
| 23,000,000 Uniform Mortgage Backed Securities | 2.50 | 13/01/2022 | (23,485,167) | (10.53) |
| 10,000,000 Uniform Mortgage Backed Securities | 3.00 | 13/01/2022 | (10,363,672) | (4.65) |
| 2,000,000 Uniform Mortgage Backed Securities | 3.50 | 13/01/2022 | (2,106,250) | (0.94) |

Total TBA Sales Commitments Outstanding	USD (47,980,932)	(21.51)
CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS OUTSTANDING (-0.01%) (30 June 2021: -0.06%)
Upfront
Unrealised
Premium
Payments
Payments
Appreciation/
received/
Termination
made by
received by (Depreciation)
% of
| Notional Amount | Value |  | (paid) | Date | Fund | Fund | USD | Fund |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| USD 153,760,000 | USD 93,794 | (E) | USD 76,841 | 16/03/2024 | 0.90% - Annually | Secured Overnight Financing Rate - Annually | USD (16,953) | (0.01) |
| 109,336,000 | 430,784 | (E) | 491,527 | 16/03/2027 | 1.25% - Annually | Secured Overnight Financing Rate - Annually | 60,744 | 0.02 |
| 12,265,000 | 61,816 | (E) | (81,121) | 16/03/2032 | Secured Overnight Financing Rate - Annually | 1.40% - Annually | (19,305) | (0.01) |
| 7,853,000 | 263,625 | (E) | (287,772) | 16/03/2052 | Secured Overnight Financing Rate - Annually | 1.60% - Annually | (24,147) | (0.01) |
| 55,685,000 | 8,910 |  | (210) | 31/12/2023 | 0.7415% - Annually | Secured Overnight Financing Rate - Annually | (10,266) | - |
| 18,585,000 | 12,080 |  | (150) | 31/12/2026 | Secured Overnight Financing Rate - Annually | 1.126% - Annually | 12,511 | 0.01 |
| 4,917,000 | 4,769 |  | (40) | 03/01/2027 | 1.135% - Annually | Secured Overnight Financing Rate - Annually | (4,809) | - |
| Unrealised Appreciation on Centrally Cleared Interest Rate Swap Contracts Outstanding | USD 73,255 | 0.03 |
| Unrealised Depreciation on Centrally Cleared Interest Rate Swap Contracts Outstanding | USD (75,480) | (0.03) |
| Net Unrealised Depreciation on Centrally Cleared Interest Rate Swap Contracts Outstanding | USD (2,225) | - |
| Variation Margin Settlement to Date | USD (28,602) | (0.01) |
| Cumulative Unrealised Depreciation less Variation Margin Settlement to Date | USD (30,827) | (0.01) |
| (E) See Note 2 to the audited annual Financial Statements for the year ended 30 June 2021 regarding extended effective dates. |  |  |
| OTC CREDIT DEFAULT CONTRACTS OUTSTANDING - PROTECTION SOLD (0.86%) (30 June 2021: 1.26%) |  |  |
|  |  | Upfront Premium |  |  |  | Payments | Unrealised Appreciation/ |  |
| Swap Counterparty/ |  | received/ | Notional |  | Termination | received by | (Depreciation) | % of |
| Referenced Debt* | Rating*** | (paid)** | Amount | Value | Date | Fund | USD | Fund |
| Citigroup Global Markets CMBX NA A.6 Index | Inc. BBB+/P | USD 31,801 | USD 206,000 | USD 20,167 | 11/05/2063 | 200 bp - Monthly | USD 11,714 | 0.01 |
| CMBX NA A.6 Index | BBB+/P | 35,243 | 254,000 | 24,867 | 11/05/2063 | 200 bp - Monthly | 10,475 | - |
| CMBX NA A.6 Index | BBB+/P | 36,073 | 307,000 | 30,055 | 11/05/2063 | 200 bp - Monthly | 6,137 | - |
| CMBX NA A.6 Index | BBB+/P | 68,451 | 387,000 | 37,887 | 11/05/2063 | 200 bp - Monthly | 30,714 | 0.01 |
| CMBX NA A.6 Index | BBB+/P | 75,543 | 451,000 | 44,153 | 11/05/2063 | 200 bp - Monthly | 31,565 | 0.01 |
| CMBX NA A.6 Index | BBB+/P | 91,204 | 603,000 | 59,034 | 11/05/2063 | 200 bp - Monthly | 32,405 | 0.01 |
| CMBX NA A.6 Index | BBB+/P | 74,931 | 693,000 | 67,845 | 11/05/2063 | 200 bp - Monthly | 7,355 | - |
| CMBX NA A.6 Index | BBB+/P | 111,904 | 882,000 | 86,348 | 11/05/2063 | 200 bp - Monthly | 25,899 | 0.01 |
| CMBX NA A.6 Index | BBB+/P | 516,538 | 4,805,000 | 470,410 | 11/05/2063 | 200 bp - Monthly | 47,997 | 0.02 |
| CMBX NA A.6 Index | BBB+/P | 857,360 | 6,124,000 | 599,540 | 11/05/2063 | 200 bp - Monthly | 260,202 | 0.12 |
| CMBX NA A.6 Index | BBB+/P | 1,016,359 | 8,514,000 | 833,521 | 11/05/2063 | 200 bp - Monthly | 186,149 | 0.08 |
| CMBX NA BB.11 Index | BB-/P | 347,475 | 615,000 | 56,273 | 18/11/2054 | 500 bp - Monthly | 291,800 | 0.13 |
| CMBX NA BB.9 Index | B/P | 2,443 | 12,000 | 2,771 | 17/09/2058 | 500 bp - Monthly | (316) | - |
| CMBX NA BB.9 Index | B/P | 115,998 | 568,000 | 131,151 | 17/09/2058 | 500 bp - Monthly | (14,601) | (0.01) |
| CMBX NA BBB-.10 Index | BB+/P | 42,764 | 392,000 | 35,045 | 17/11/2059 | 300 bp - Monthly | 7,948 | - |
| CMBX NA BBB-.12 Index | BBB-/P | 6,965 | 167,000 | 8,617 | 17/08/2061 | 300 bp - Monthly | (1,555) | - |
| CMBX NA BBB-.12 Index | BBB-/P | 11,020 | 187,000 | 9,649 | 17/08/2061 | 300 bp - Monthly | 1,480 | - |
| CMBX NA BBB-.12 Index | BBB-/P | 402,957 | 2,542,000 | 131,167 | 17/08/2061 | 300 bp - Monthly | 273,273 | 0.12 |
| CMBX NA BBB-.6 Index | B+/P | 7,260 | 21,980 | 6,150 | 11/05/2063 | 300 bp - Monthly | 1,123 | - |
| CMBX NA BBB-.6 Index | B+/P | 10,791 | 163,852 | 45,846 | 11/05/2063 | 300 bp - Monthly | (34,960) | (0.02) |
| CMBX NA BBB-.6 Index | B+/P | 60,453 | 887,199 | 248,238 | 11/05/2063 | 300 bp - Monthly | (187,267) | (0.09) |

,
OTC CREDIT DEFAULT CONTRACTS OUTSTANDING - PROTECTION SOLD (0.86%) (30 June 2021: 1.26%) cont.
| Swap Counterparty/ Referenced Debt* | Rating*** | Upfront Premium received/ (paid)** | Notional Amount | Value | Termination Date | Payments received by Fund | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Credit Suisse International |  |  |  |  |  |  |  |  |
| CMBX NA BB.7 Index | B/P | USD 535 | USD 4,000 | USD 1,348 | 17/01/2047 | 500 bp - Monthly | USD (809) | - |
| CMBX NA BBB-.6 Index | B+/P | 994 | 8,992 | 2,516 | 11/05/2063 | 300 bp - Monthly | (1,516) | - |
| Goldman Sachs International CMBX NA A.6 Index | BBB+/P | 4,648 | 26,000 | 2,545 | 11/05/2063 | 200 bp - Monthly | 2,112 | - |
| CMBX NA A.6 Index | BBB+/P | 6,531 | 55,000 | 5,385 | 11/05/2063 | 200 bp - Monthly | 1,168 | - |
| CMBX NA A.6 Index | BBB+/P | 12,825 | 108,000 | 10,573 | 11/05/2063 | 200 bp - Monthly | 2,294 | - |
| CMBX NA A.6 Index | BBB+/P | 46,320 | 384,000 | 37,594 | 11/05/2063 | 200 bp - Monthly | 8,876 | - |
| CMBX NA A.6 Index | BBB+/P | 68,503 | 583,000 | 57,076 | 11/05/2063 | 200 bp - Monthly | 11,654 | 0.01 |
| CMBX NA A.6 Index | BBB+/P | 71,602 | 611,000 | 59,817 | 11/05/2063 | 200 bp - Monthly | 12,022 | 0.01 |
| CMBX NA BB.6 Index | B-/P | 1,420 | 9,600 | 4,231 | 11/05/2063 | 500 bp - Monthly | (2,801) | - |
| CMBX NA BBB-.11 Index | BBB-/P | 64 | 1,000 | 47 | 18/11/2054 | 300 bp - Monthly | 17 | - |
| CMBX NA BBB-.11 Index | BBB-/P | 64 | 1,000 | 47 | 18/11/2054 | 300 bp - Monthly | 17 | - |
| CMBX NA BBB-.6 Index | B+/P | 528 | 1,998 | 559 | 11/05/2063 | 300 bp - Monthly | (30) | - |
| JPMorgan Securities LLC |  |  |  |  |  |  |  |  |
| CMBX NA A.6 Index | BBB+/P | 37,520 | 268,000 | 26,237 | 11/05/2063 | 200 bp - Monthly | 11,387 | 0.01 |
| CMBX NA A.6 Index | BBB+/P | 158,155 | 1,061,000 | 103,872 | 11/05/2063 | 200 bp - Monthly | 54,696 | 0.02 |
| CMBX NA A.6 Index | BBB+/P | 158,966 | 1,183,000 | 115,816 | 11/05/2063 | 200 bp - Monthly | 43,610 | 0.02 |
| CMBX NA A.6 Index | BBB+/P | 158,290 | 1,439,000 | 140,878 | 11/05/2063 | 200 bp - Monthly | 17,972 | 0.01 |
| CMBX NA A.6 Index | BBB+/P | 537,188 | 3,000,000 | 293,700 | 11/05/2063 | 200 bp - Monthly | 244,654 | 0.12 |
| CMBX NA A.6 Index | BBB+/P | 395,123 | 3,099,000 | 303,392 | 11/05/2063 | 200 bp - Monthly | 92,936 | 0.04 |
| CMBX NA BB.7 Index | B/P | 128,290 | 262,000 | 88,320 | 17/01/2047 | 500 bp - Monthly | 40,224 | 0.02 |
| CMBX NA BBB-.11 Index | BBB-/P | 47,985 | 874,000 | 41,253 | 18/11/2054 | 300 bp - Monthly | 7,242 | - |
| Morgan Stanley & Co. International PLC CMBX NA A.6 Index	BBB+/P | 8,800 | 88,000 | 8,615 | 11/05/2063 | 200 bp - Monthly | 219 | - |
| CMBX NA A.6 Index | BBB+/P | 22,000 | 220,000 | 21,538 | 11/05/2063 | 200 bp - Monthly | 548 | - |
| CMBX NA A.6 Index | BBB+/P | 59,688 | 382,000 | 37,398 | 11/05/2063 | 200 bp - Monthly | 22,438 | 0.01 |
| CMBX NA A.6 Index | BBB+/P | 132,500 | 1,000,000 | 97,900 | 11/05/2063 | 200 bp - Monthly | 34,989 | 0.02 |
| CMBX NA A.6 Index | BBB+/P | 148,540 | 1,061,000 | 103,872 | 11/05/2063 | 200 bp - Monthly | 45,081 | 0.02 |
| CMBX NA A.6 Index | BBB+/P | 184,704 | 1,463,000 | 143,228 | 11/05/2063 | 200 bp - Monthly | 42,045 | 0.02 |
| CMBX NA A.6 Index | BBB+/P | 215,478 | 1,759,000 | 172,206 | 11/05/2063 | 200 bp - Monthly | 43,955 | 0.02 |
| CMBX NA A.6 Index | BBB+/P | 288,563 | 2,025,000 | 198,248 | 11/05/2063 | 200 bp - Monthly | 91,103 | 0.04 |
| CMBX NA A.6 Index | BBB+/P | 151,919 | 2,230,000 | 218,317 | 11/05/2063 | 200 bp - Monthly | (65,531) | (0.03) |
| CMBX NA A.6 Index | BBB+/P | 193,200 | 2,240,000 | 219,296 | 11/05/2063 | 200 bp - Monthly | (25,225) | (0.01) |
| CMBX NA A.6 Index | BBB+/P | 490,078 | 2,761,000 | 270,302 | 11/05/2063 | 200 bp - Monthly | 220,849 | 0.11 |
| CMBX NA A.6 Index | BBB+/P | 222,560 | 2,782,000 | 272,358 | 11/05/2063 | 200 bp - Monthly | (48,716) | (0.02) |
| CMBX NA BB.11 Index | BB-/P | 3,132 | 37,000 | 3,386 | 18/11/2054 | 500 bp - Monthly | (218) | - |
| CMBX NA BB.9 Index | B/P | 108,551 | 271,000 | 62,574 | 17/09/2058 | 500 bp - Monthly | 46,240 | 0.02 |
| CMBX NA BBB-.12 Index | BBB-/P | 4,538 | 77,000 | 3,973 | 17/08/2061 | 300 bp - Monthly | 609 | - |
| CMBX NA BBB-.6 Index | B+/P | 3,596 | 47,957 | 13,418 | 11/05/2063 | 300 bp - Monthly | (9,794) | - |
| Unrealised Appreciation on OTC Credit Default Contracts Outstanding - Protection Sold | USD 2,325,193 | 1.04 |
| Unrealised Depreciation on OTC Credit Default Contracts Outstanding - Protection Sold | USD (393,339) | (0.18) |
| Net Unrealised Appreciation on OTC Credit Default Contracts Outstanding - Protection Sold | USD 1,931,854 | 0.86 |
| OTC CREDIT DEFAULT CONTRACTS OUTSTANDING - PROTECTION PURCHASED (-0.40%) (30 June 2021 : -0.70%) |  |  |
| Upfront | Unrealised |  |
| Swap Counterparty/ | Premium received/ | Notional |  | Termination | Payments (paid) by | Appreciation/ (Depreciation) | % of |
| Referenced Debt* | (paid)** | Amount | Value | Date | Fund | USD | Fund |
| Citigroup Global Markets, Inc. |  |  |  |  |  |  |  |
| CMBX NA BB.10 Index | USD (90,780) | USD 356,000 | USD 98,078 | 17/11/2059 | (500 bp) - Monthly | USD 6,952 | - |
| CMBX NA BB.10 Index | (329) | 3,000 | 827 | 17/11/2059 | (500 bp) - Monthly | 495 | - |
| CMBX NA BB.11 Index | (29,431) | 577,000 | 52,796 | 18/11/2054 | (500 bp) - Monthly | 22,803 | 0.01 |
| CMBX NA BB.7 Index | (19,249) | 286,000 | 96,411 | 17/01/2047 | (500 bp) - Monthly | 76,883 | 0.03 |
| CMBX NA BB.8 Index | (3,161) | 17,394 | 6,583 | 17/10/2057 | (500 bp) - Monthly | 3,406 | - |
| CMBX NA BB.8 Index | (745) | 5,798 | 2,195 | 17/10/2057 | (500 bp) - Monthly | 1,444 | - |

OTC CREDIT DEFAULT CONTRACTS OUTSTANDING - PROTECTION PURCHASED (-0.40%) (30 June 2021 : -0.70%) cont.
| Upfront Premium Swap Counterparty/	received/	Notional Referenced Debt*	(paid)**	Amount | Value | Termination Date | Payments (paid) by Fund | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- |
| Citigroup Global Markets, Inc. cont. CMBX NA BBB-.10 Index	USD (185,895) USD 1,464,000 | USD 130,882 | 17/11/2059 | (300 bp) - Monthly | USD (55,868) | (0.03) |
| CMBX NA BBB-.10 Index | (80,400) | 337,000 | 30,128 | 17/11/2059 | (300 bp) - Monthly | (50,468) | (0.03) |
| CMBX NA BBB-.10 Index | (59,632) | 274,000 | 24,496 | 17/11/2059 | (300 bp) - Monthly | (35,296) | (0.02) |
| CMBX NA BBB-.10 Index | (42,271) | 268,000 | 23,959 | 17/11/2059 | (300 bp) - Monthly | (18,468) | (0.01) |
| CMBX NA BBB-.10 Index | (29,065) | 228,000 | 20,383 | 17/11/2059 | (300 bp) - Monthly | (8,814) | - |
| CMBX NA BBB-.10 Index | (8,286) | 65,000 | 5,811 | 17/11/2059 | (300 bp) - Monthly | (2,513) | - |
| CMBX NA BBB-.11 Index | (31,644) | 215,000 | 10,148 | 18/11/2054 | (300 bp) - Monthly | (21,622) | (0.01) |
| CMBX NA BBB-.11 Index | (23,108) | 157,000 | 7,410 | 18/11/2054 | (300 bp) - Monthly | (15,789) | (0.01) |
| CMBX NA BBB-.12 Index | (217,631) | 690,000 | 35,604 | 17/08/2061 | (300 bp) - Monthly | (182,430) | (0.08) |
| CMBX NA BBB-.12 Index | (100,608) | 594,000 | 30,650 | 17/08/2061 | (300 bp) - Monthly | (70,304) | (0.03) |
| CMBX NA BBB-.12 Index | (96,077) | 505,000 | 26,058 | 17/08/2061 | (300 bp) - Monthly | (70,314) | (0.03) |
| CMBX NA BBB-.12 Index | (23,523) | 392,000 | 20,227 | 17/08/2061 | (300 bp) - Monthly | (3,524) | - |
| CMBX NA BBB-.12 Index | (77,884) | 221,000 | 11,404 | 17/08/2061 | (300 bp) - Monthly | (66,609) | (0.03) |
| CMBX NA BBB-.12 Index | (23,855) | 117,000 | 6,037 | 17/08/2061 | (300 bp) - Monthly | (17,886) | (0.01) |
| CMBX NA BBB-.12 Index | (13,457) | 66,000 | 3,406 | 17/08/2061 | (300 bp) - Monthly | (10,090) | - |
| CMBX NA BBB-.8 Index | (40,204) | 302,000 | 41,102 | 17/10/2057 | (300 bp) - Monthly | 722 | - |
| CMBX NA BBB-.8 Index | (32,532) | 205,000 | 27,901 | 17/10/2057 | (300 bp) - Monthly | (4,751) | - |
| CMBX NA BBB-.8 Index | (32,403) | 205,000 | 27,901 | 17/10/2057 | (300 bp) - Monthly | (4,623) | - |
| CMBX NA BBB-.8 Index | (29,219) | 187,000 | 25,451 | 17/10/2057 | (300 bp) - Monthly | (3,877) | - |
| CMBX NA BBB-.9 Index | (29,101) | 123,000 | 11,562 | 17/09/2058 | (300 bp) - Monthly | (17,610) | (0.01) |
| Credit Suisse International CMBX NA BB.10 Index | (667) | 5,000 | 1,378 | 17/11/2059 | (500 bp) - Monthly | 706 | - |
| CMBX NA BB.10 Index | (595) | 5,000 | 1,378 | 17/11/2059 | (500 bp) - Monthly | 778 | - |
| CMBX NA BB.10 Index | (373) | 3,000 | 827 | 17/11/2059 | (500 bp) - Monthly | 451 | - |
| CMBX NA BB.8 Index | (5,958) | 32,855 | 12,435 | 17/10/2057 | (500 bp) - Monthly | 6,446 | - |
| Goldman Sachs International CMBX NA A.6 Index | (9,433) | 98,000 | 9,594 | 11/05/2063 | (200 bp) - Monthly | 124 | - |
| CMBX NA BB.10 Index | (176,475) | 780,000 | 214,890 | 17/11/2059 | (500 bp) - Monthly | 37,657 | 0.02 |
| CMBX NA BB.10 Index | (54,225) | 180,000 | 49,590 | 17/11/2059 | (500 bp) - Monthly | (4,810) | - |
| CMBX NA BB.8 Index | (218,025) | 601,047 | 227,496 | 17/10/2057 | (500 bp) - Monthly | 8,888 | - |
| CMBX NA BB.8 Index | (218,400) | 601,047 | 227,496 | 17/10/2057 | (500 bp) - Monthly | 8,513 | - |
| CMBX NA BB.8 Index | (24,477) | 65,709 | 24,871 | 17/10/2057 | (500 bp) - Monthly | 330 | - |
| CMBX NA BB.8 Index | (2,153) | 18,360 | 6,949 | 17/10/2057 | (500 bp) - Monthly | 4,779 | - |
| CMBX NA BB.9 Index | (11,923) | 307,000 | 70,886 | 17/09/2058 | (500 bp) - Monthly | 58,665 | 0.03 |
| CMBX NA BB.9 Index | (108) | 1,000 | 231 | 17/09/2058 | (500 bp) - Monthly | 122 | - |
| CMBX NA BBB-.10 Index | (16,061) | 103,000 | 9,208 | 17/11/2059 | (300 bp) - Monthly | (6,913) | - |
| CMBX NA BBB-.12 Index | (50,996) | 151,000 | 7,792 | 17/08/2061 | (300 bp) - Monthly | (43,292) | (0.02) |
| CMBX NA BBB-.6 Index | (103,920) | 383,654 | 107,346 | 11/05/2063 | (300 bp) - Monthly | 3,202 | - |
| CMBX NA BBB-.8 Index | (55,356) | 353,000 | 48,043 | 17/10/2057 | (300 bp) - Monthly | (7,518) | - |
| JPMorgan Securities LLC CMBX NA BB.11 Index | (40,904) | 75,000 | 6,863 | 18/11/2054 | (500 bp) - Monthly | (34,114) | (0.02) |
| CMBX NA BB.11 Index | (5,148) | 9,600 | 4,231 | 11/05/2063 | (500 bp) - Monthly | (927) | - |
| CMBX NA BBB-.10 Index | (101,345) | 892,000 | 79,745 | 17/11/2059 | (300 bp) - Monthly | (22,121) | (0.01) |
| CMBX NA BBB-.10 Index | (75,498) | 268,000 | 23,959 | 17/11/2059 | (300 bp) - Monthly | (51,695) | (0.02) |
| CMBX NA BBB-.10 Index | (56,308) | 189,000 | 16,897 | 17/11/2059 | (300 bp) - Monthly | (39,521) | (0.02) |
| CMBX NA BBB-.11 Index | (107,491) | 342,000 | 16,142 | 18/11/2054 | (300 bp) - Monthly | (91,548) | (0.04) |
| CMBX NA BBB-.11 Index | (67,794) | 216,000 | 10,195 | 18/11/2054 | (300 bp) - Monthly | (57,725) | (0.03) |
| CMBX NA BBB-.11 Index | (10,316) | 32,000 | 1,510 | 18/11/2054 | (300 bp) - Monthly | (8,825) | - |
| CMBX NA BBB-.11 Index | (3,457) | 11,000 | 519 | 18/11/2054 | (300 bp) - Monthly | (2,945) | - |
| CMBX NA BBB-.12 Index | (8,909) | 228,000 | 11,765 | 17/08/2061 | (300 bp) - Monthly | 2,723 | - |
| CMBX NA BBB-.6 Index | (33,022) | 118,893 | 33,266 | 11/05/2063 | (300 bp) - Monthly | 175 | - |

OTC CREDIT DEFAULT CONTRACTS OUTSTANDING - PROTECTION PURCHASED (-0.40%) (30 June 2021 : -0.70%) cont.
| Swap Counterparty/ Referenced Debt* | Upfront Premium received/ (paid)** | Notional Amount | Value | Termination Date | Payments (paid) by Fund | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Merrill Lynch International CMBX NA BB.10 Index | USD (228) | USD 4,000 | USD 1,102 | 17/11/2059 | (500 bp) - Monthly | USD 871 | - |
| CMBX NA BB.7 Index | (1,273) | 7,000 | 2,360 | 17/01/2047 | (500 bp) - Monthly | 1,080 | - |
| CMBX NA BBB-.10 Index | (186,554) | 861,000 | 76,973 | 17/11/2059 | (300 bp) - Monthly | (110,082) | (0.05) |
| CMBX NA BBB-.9 Index | (47,053) | 254,000 | 23,876 | 17/09/2058 | (300 bp) - Monthly | (23,325) | (0.01) |
| CMBX NA BBB-.9 Index | (46,497) | 251,000 | 23,594 | 17/09/2058 | (300 bp) - Monthly | (23,050) | (0.01) |
| Morgan Stanley & Co. Internati CMBX NA BB.10 Index | onal PLC (128,464) | 547,000 | 150,699 | 17/11/2059 | (500 bp) - Monthly | 21,703 | 0.01 |
| CMBX NA BB.10 Index | (210) | 2,000 | 551 | 17/11/2059 | (500 bp) - Monthly | 339 | - |
| CMBX NA BB.7 Index | (19,211) | 369,000 | 124,390 | 17/01/2047 | (500 bp) - Monthly | 104,820 | 0.06 |
| CMBX NA BB.8 Index | (106,742) | 293,759 | 111,188 | 17/10/2057 | (500 bp) - Monthly | 4,161 | - |
| CMBX NA BB.9 Index | (11,219) | 318,000 | 73,426 | 17/09/2058 | (500 bp) - Monthly | 61,898 | 0.03 |
| CMBX NA BB.9 Index | (8,796) | 225,000 | 51,953 | 17/09/2058 | (500 bp) - Monthly | 42,938 | 0.03 |
| CMBX NA BBB-.10 Index | (115,774) | 902,000 | 80,639 | 17/11/2059 | (300 bp) - Monthly | (35,662) | (0.02) |
| CMBX NA BBB-.10 Index | (54,155) | 427,000 | 38,174 | 17/11/2059 | (300 bp) - Monthly | (16,230) | (0.01) |
| CMBX NA BBB-.10 Index | (38,461) | 321,000 | 28,697 | 17/11/2059 | (300 bp) - Monthly | (9,951) | - |
| CMBX NA BBB-.10 Index | (57,709) | 244,000 | 21,814 | 17/11/2059 | (300 bp) - Monthly | (36,038) | (0.02) |
| CMBX NA BBB-.10 Index | (21,044) | 243,000 | 21,724 | 17/11/2059 | (300 bp) - Monthly | 538 | - |
| CMBX NA BBB-.10 Index | (51,928) | 213,000 | 19,042 | 17/11/2059 | (300 bp) - Monthly | (33,010) | (0.01) |
| CMBX NA BBB-.10 Index | (36,046) | 157,000 | 14,036 | 17/11/2059 | (300 bp) - Monthly | (22,102) | (0.01) |
| CMBX NA BBB-.10 Index | (24,436) | 113,000 | 10,102 | 17/11/2059 | (300 bp) - Monthly | (14,399) | (0.01) |
| CMBX NA BBB-.10 Index | (12,302) | 97,000 | 8,672 | 17/11/2059 | (300 bp) - Monthly | (3,687) | - |
| CMBX NA BBB-.12 Index | (10,348) | 251,000 | 12,952 | 17/08/2061 | (300 bp) - Monthly | 2,457 | - |
| CMBX NA BBB-.12 Index | (1,218) | 22,000 | 1,135 | 17/08/2061 | (300 bp) - Monthly | (96) | - |
| CMBX NA BBB-.6 Index | (66,321) | 238,784 | 66,812 | 11/05/2063 | (300 bp) - Monthly | 352 | - |
| CMBX NA BBB-.8 Index | (211,446) | 1,380,000 | 187,818 | 17/10/2057 | (300 bp) - Monthly | (24,433) | (0.01) |
| CMBX NA BBB-.8 Index | (99,978) | 788,000 | 107,247 | 17/10/2057 | (300 bp) - Monthly | 6,810 | - |
| CMBX NA BBB-.8 Index | (100,224) | 788,000 | 107,247 | 17/10/2057 | (300 bp) - Monthly | 6,563 | - |
| CMBX NA BBB-.8 Index | (12,031) | 77,000 | 10,480 | 17/10/2057 | (300 bp) - Monthly | (1,596) | - |
| Unrealised Appreciation on OTC Credit Default Contracts Outstanding - Protection Purchased | USD 500,794 | 0.22 |
| Unrealised Depreciation on OTC Credit Default Contracts Outstanding - Protection Purchased | USD (1,386,471) | (0.62) |
| Net Unrealised Depreciation on OTC Credit Default Contracts Outstanding - Protection Purchased | USD (885,677) | (0.40) |

* Payments related to the referenced debt are made upon a credit default event.
** Upfront premium is based on the difference between the original spread on issue and the market spread on day of execution.
*** Ratings for an underlying index represent the average of the ratings of all the securities included in that index. The Moody's, Standard & Poor's or Fitch ratings are believed to be the most recent ratings available at 31 December 2021. Securities rated by Putnam are indicated by "/P." The Putnam rating categories are comparable to the Standard & Poor’s classifications.
FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS (0.45%) (30 June 2021: -3.05%)
| Counterparty | Currency | Contract type* | Delivery date | Value USD | Aggregate face value USD | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Bank of America, N.A. | Euro | Buy | 19/01/2022 | USD 48,982,813 | USD 48,782,873 | USD 199,941 | 0.10 |
| Barclays Bank PLC |  |  |  |  |  |  |  |
|  | Euro | Buy | 19/01/2022 | 15,476,702 | 15,403,217 | 73,485 | 0.03 |
| Citibank, N.A. |  |  |  |  |  |  |  |
|  | Euro | Buy | 19/01/2022 | 30,949,988 | 30,828,229 | 121,759 | 0.06 |
| Goldman Sachs International |  |  |  |  |  |  |  |
|  | Euro | Buy | 19/01/2022 | 662,121 | 659,372 | 2,749 | - |
| HSBC Bank USA, N.A. |  |  |  |  |  |  |  |
|  | Euro | Buy | 19/01/2022 | 21,460,502 | 21,358,111 | 102,391 | 0.05 |
| JPMorgan Chase Bank, N.A. |  |  |  |  |  |  |  |
|  | Euro | Buy | 19/01/2022 | 2,294,190 | 2,283,365 | 10,825 | - |

FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS (0.45%) (30 June 2021: -3.05%) 
cont.
| Counterparty | Currency | Contract type* | Delivery date | Value USD | Aggregate face value USD | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Morgan Stanley & Company International PLC Euro | Buy | 19/01/2022 | USD 400,643 | USD 398,755 | USD 1,888 | - |
| Euro | Buy | 19/01/2022 | 19,526,412 | 19,434,363 | 92,049 | 0.04 |
| NatWest Markets PLC Euro | Buy | 19/01/2022 | 20,616,850 | 20,519,172 | 97,678 | 0.04 |
| State Street Bank & Trust Company |  |  |  |  |  |  |
| British Pound | Buy | 19/01/2022 | 495,384 | 487,875 | 7,509 | - |
| British Pound | Sell | 19/01/2022 | 2,978 | 2,921 | (57) | - |
| Euro | Buy | 19/01/2022 | 14,602,985 | 14,533,223 | 69,762 | 0.03 |
| Euro | Sell | 19/01/2022 | 2,164 | 2,144 | (20) | - |
| Euro | Sell | 19/01/2022 | 1,171,979 | 1,161,300 | (10,678) | (0.01) |
| UBS AG Euro | Buy | 19/01/2022 | 47,560,745 | 47,336,959 | 223,787 | 0.11 |
| Unrealised Appreciation on Forward Foreign Exchange Currency Contracts | USD 1,003,823 | 0.46 |
| Unrealised Depreciation on Forward Foreign Exchange Currency Contracts | USD (10,755) | (0.01) |
| Net Unrealised Appreciation on Forward Foreign Exchange Currency Contracts | USD 993,068 | 0.45 |
| Total Financial Assets at Fair Value through Profit or Loss | USD 355,062,880 | 159.19 |
| Total Financial Liabilities at Fair Value through Profit or Loss | USD (50,433,637) | (22.61) |
| *The exchange currency for all contracts listed is the United States Dollar. |  |  |
| Analysis of Total Assets |  | % of Total Assets |
| Transferable securities admitted to official stock exchange listing |  | 1.11 |
| Transferable securities dealt on another regulated market |  | 68.69 |
| Other transferable securities of the type referred to in Regulation 68(1)(a), (b) and (c) |  | 14.65 |
| OTC financial derivative instruments |  | 0.92 |
| Other assets |  | 14.63 |
| Total Assets |  | 100.00 |


## Schedule of Investments 31 December 2021
NON-U.S. EQUITIES (11.19%) (30 June 2021: 10.37%)		NON-U.S. EQUITIES (11.19%) (30 June 2021: 10.37%) 
cont.
Number of
Shares Advertising (0.12%)
Value USD
% of Fund
Number of
| 57 Arkema SA (France) | USD 8,037 | 0.05 |
| --- | --- | --- |
| 191 Brenntag SE (Germany) | 17,305 | 0.10 |
| 255 Covestro AG (Germany) | 15,735 | 0.10 |
| 65 LANXESS AG (Germany) | 4,033 | 0.02 |
| 100 Nitto Denko Corporation (Japan) | 7,729 | 0.05 |
| 100 Shin-Etsu Chemical Company Limited (Japan) | 17,320 | 0.10 |
|  | 70,159 | 0.42 |

Shares Chemicals (0.42%)
Value USD
% of Fund
| 293 Publicis Groupe SA (France)	USD 19,748 | 0.12 |
| --- | --- |
| 19,748 | 0.12 |
|  |  |
| Aerospace and Defense (0.01%) 28 Thales SA (France)	2,384 | 0.01 |
| 2,384 | 0.01 |

Agriculture (0.14%)
| 708 Imperial Tobacco Group PLC (United Kingdom) | 15,491 | 0.09 |
| --- | --- | --- |
| 1,061 Swedish Match AB (Sweden) | 8,456 | 0.05 |
|  | 23,947 | 0.14 |

Apparel (0.19%)
| 14 Hermes International (France) | 24,482 | 0.15 |
| --- | --- | --- |
| 8 LVMH Moet Hennessy Louis Vuitton SE (France) | 6,622 | 0.04 |
|  | 31,104 | 0.19 |

Auto Parts and Equipment (0.07%)
41 Cie Generale des Etablissements Michelin SCA
(France)	6,729 0.04
100 Koito Manufacturing Company Limited	5,295  0.03
12,024  0.07
Commercial Services (0.12%)
| 6,722 | 0.04 |
| --- | --- |
| 13,376 | 0.08 |
| 20,098 | 0.12 |
| 15,702 | 0.09 |

869 Brambles Limited (Australia) 4 SGS SA (Switzerland)
Computers (0.33%)
64 Capgemini SE (France)
| 100 Fujitsu Limited (Japan) | 17,134 | 0.11 |
| --- | --- | --- |
| 400 Nomura Research Institute Limited (Japan) | 17,034 | 0.11 |
| 200 SCSK Corporation (Japan) | 3,980 | 0.02 |
|  | 53,850 | 0.33 |

| 66 L'Oreal SA (France) | 31,330 | 0.19 |
| --- | --- | --- |
| 81 Unilever PLC (United Kingdom) | 4,326 | 0.03 |
|  | 35,656 | 0.22 |

Cosmetics/Personal Care (0.22%)
Automotive (0.37%)
160 Porsche Automobil Holding SE (Preference shares)
(Germany)	15,199 0.09
| 1,105 Stellantis NV (Netherlands) | 20,982 | 0.13 |
| --- | --- | --- |
| 200 Toyota Motor Corporation (Japan) | 3,692 | 0.02 |

| 21 Volkswagen AG (Preference shares) (Germany)	4,243 | 0.03 |
| --- | --- |
| 725 Volvo AB (Sweden)	16,821 | 0.10 |
| 60,937 | 0.37 |
| Banking (0.95%) |  |
| 3,243 Banco Bilbao Vizcaya Argentaria SA (Spain) | 19,384 | 0.12 |
| 1,718 Bank Leumi Le-Israel BM (Israel) | 18,484 | 0.11 |
| 2,500 BOC Hong Kong Holdings Limited (Hong Kong)	8,193 0.05 900 DBS Group Holdings Limited (Singapore)	21,790	0.13 |

| 1,364 Israel Discount Bank Limited (Israel) | 9,187 | 0.06 |
| --- | --- | --- |
| 44 Mizrahi Tefahot Bank Limited (Israel) | 1,698 | 0.01 |
| 882 Skandinaviska Enskilda Banken AB (Sweden) | 12,284 | 0.07 |
| 700 Sumitomo Mitsui Financial Group Incorporated (Japan) | 23,927 | 0.14 |

| 1,350 UBS Group AG (Switzerland) | 24,328 | 0.15 |
| --- | --- | --- |
| 900 United Overseas Bank Limited (Singapore) | 17,973 | 0.11 |
|  | 157,248 | 0.95 |

Beverages (0.27%)
41 Carlsberg AS (Denmark)	7,090 0.04 49 Coca-Cola Europacific Partners PLC (United
Kingdom)	2,741 0.02
| 238 Coca-Cola HBC AG (Switzerland) | 8,231 | 0.05 |
| --- | --- | --- |
| 493 Diageo PLC (United Kingdom) | 26,931 | 0.16 |
|  | 44,993 | 0.27 |

Building Materials (0.35%)
Distribution/Wholesale (0.21%)
| 137 Ferguson PLC (Jersey) | 24,301 | 0.15 |
| --- | --- | --- |
| 300 ITOCHU Corporation (Japan) | 9,176 | 0.06 |
|  | 33,477 | 0.21 |

Electric Utilities (0.30%)
1,500 CLP Holdings Limited (Hong Kong)	15,149 0.09
| 365 E.ON SE (Germany) | 5,066 | 0.03 |
| --- | --- | --- |
| 720 Electricite de France SA (France) | 8,468 | 0.05 |
| 661 Fortum Oyj (Finland) | 20,312 | 0.13 |
| 600 Glow Energy PCL (Thailand) (F) | - | - |
|  | 48,995 | 0.30 |

Electrical Components & Equipment (0.09%)
| 300 Brother Industries Limited (Japan)	5,767 | 0.03 |
| --- | --- |
| 78 Legrand SA (France)	9,138 | 0.06 |
| 14,905 | 0.09 |

Electronics (0.26%)
| 200 Hoya Corporation (Japan) | 29,655 | 0.18 |
| --- | --- | --- |
| 300 Shimadzu Corporation (Japan) | 12,664 | 0.08 |
|  | 42,319 | 0.26 |

| Engineering and Construction (0.07%) |  |
| --- | --- |
| 117 Eiffage SA (France) | 12,050 | 0.07 |
|  | 12,050 | 0.07 |

| 404 Aristocrat Leisure Limited (Australia) | 12,813 | 0.08 |
| --- | --- | --- |
| 862 Entain PLC (Isle of Man) | 19,637 | 0.12 |
| 123 La Francaise des Jeux SAEM (France) | 5,453 | 0.03 |
|  | 37,903 | 0.23 |

Entertainment (0.23%)
| 303 Cie de Saint-Gobain (France) | 21,343 | 0.13 |
| --- | --- | --- |
| 274 CRH PLC (Ireland) | 14,512 | 0.09 |
| 100 Daikin Industries Limited (Japan) | 22,685 | 0.13 |
|  | 58,540 | 0.35 |

NON-U.S. EQUITIES (11.19%) (30 June 2021: 10.37%) 
cont.	
NON-U.S. EQUITIES (11.19%) (30 June 2021: 10.37%) 
cont.
Number of
Shares Food (0.42%)
Value USD
% of Fund
Number of
Shares
Medical Technology (0.14%)
Value USD
% of Fund
1,263 Coles Group Limited (Australia)	USD 16,489	0.10
627 Koninklijke Ahold Delhaize NV
(Netherlands)	21,512	0.13
| 187 Nestle SA (Switzerland) | 26,153 | 0.16 |
| --- | --- | --- |
| 100 Yakult Honsha Company Limited (Japan) | 5,209 | 0.03 |
|  | 69,363 | 0.42 |

Gas (0.13%)
| 300 Osaka Gas Company Limited (Japan) | 4,968 | 0.03 |
| --- | --- | --- |
| 900 Tokyo Gas Company Limited (Japan) | 16,177 | 0.10 |
|  | 21,145 | 0.13 |

Health-Care Services (0.11%)
| 549 Sonic Healthcare Limited (Australia)	18,648 | 0.11 |
| --- | --- |
| 18,648 | 0.11 |
|  |  |
| Home Builders (0.13%) 80 Berkeley Group Holdings PLC (United Kingdom)	5,171 | 0.03 |
| 400 Daiwa House Industry Company Limited (Japan) | 11,504 | 0.07 |
| 200 Iida Group Holdings Company Limited (Japan) | 4,640 | 0.03 |
|  | 21,315 | 0.13 |

Home Furnishings (0.23%)
300 Sony Group Corporation (Japan)	37,923 0.23
37,923  0.23
144 Fisher & Paykel Healthcare Corporation Limited
(New Zealand)	USD 3,229 0.02
| 212 Getinge AB (Sweden) | 9,270 | 0.06 |
| --- | --- | --- |
| 19 Sartorius Stedim Biotech (France) | 10,435 | 0.06 |
|  | 22,934 | 0.14 |

Mining (0.28%)
| 650 BHP Group PLC (United Kingdom) | 19,351 | 0.12 |
| --- | --- | --- |
| 403 Rio Tinto PLC (United Kingdom) | 26,685 | 0.16 |
|  | 46,036 | 0.28 |

Oil and Natural Gas Utilities (0.47%)
4,052 BP PLC (United Kingdom)	18,127	0.11
46 DCC PLC (Ireland)	3,767 0.02
| 791 Equinor ASA (Norway) | 21,188 | 0.13 |
| --- | --- | --- |
| 1,612 Royal Dutch Shell PLC (United Kingdom) | 35,399 | 0.21 |
|  | 78,481 | 0.47 |

| 818 GlaxoSmithKline PLC (United Kingdom) | 17,788 | 0.11 |
| --- | --- | --- |
| 42 Ipsen SA (France) | 3,849 | 0.02 |
| 87 Merck KGaA (Germany) | 22,484 | 0.14 |
| 422 Novartis AG (Switzerland) | 37,180 | 0.22 |
| 339 Novo Nordisk A/S (Denmark) | 38,145 | 0.23 |
| 121 Roche Holding AG (Switzerland) | 50,342 | 0.31 |
|  | 169,788 | 1.03 |

Pharmaceuticals (1.03%)
Industrial Conglomerates (0.04%)
1,000 CK Hutchison Holdings Limited (Cayman Islands)	6,453  0.04
6,453  0.04
| 598 3i Group PLC (United Kingdom)	11,729 | 0.07 |
| --- | --- |
| 14 Partners Group Holding AG (Switzerland)	23,238 | 0.14 |
| 34,967 | 0.21 |

Private Equity (0.21%)
Insurance (0.39%)
| 121 Allianz SE (Germany)	28,606 | 0.18 |
| --- | --- |
| 2,497 Aviva PLC (United Kingdom)	13,871 | 0.08 |
| 500 Dai-ichi Life Holdings Incorporated (Japan)	10,102 | 0.06 |

| 128 Gjensidige Forsikring ASA (Norway) | 3,110 | 0.02 |
| --- | --- | --- |
| 40 NN Group NV (Netherlands) | 2,168 | 0.01 |
| 15 Zurich Insurance Group AG (Switzerland) | 6,591 | 0.04 |
|  | 64,448 | 0.39 |
| Investment Companies (0.14%) 789 Investor AB (Sweden) | 19,886 | 0.12 |
| 7 Sofina SA (Belgium) | 3,443 | 0.02 |
|  | 23,329 | 0.14 |

Iron/Steel (0.16%)
| 1,252 BlueScope Steel Limited (Australia) | 19,126 | 0.12 |
| --- | --- | --- |
| 730 Evraz PLC (United Kingdom) | 5,944 | 0.04 |
|  | 25,070 | 0.16 |

Machinery (0.23%)
1,050 CNH Industrial NV (Netherlands)	20,406	0.12
| 146 GEA Group AG (Germany) | 7,994 | 0.05 |
| --- | --- | --- |
| 100 Omron Corporation (Japan) | 9,964 | 0.06 |
|  | 38,364 | 0.23 |
| Machinery-Construction and Mining (0.18%) 700 Mitsubishi Electric Corporation (Japan) | 8,876 | 0.05 |
| 757 Sandvik AB (Sweden) | 21,162 | 0.13 |
|  | 30,038 | 0.18 |

Real Estate (0.29%)
| 2,331 CK Asset Holdings Limited (Cayman Islands) | 14,700 | 0.09 |
| --- | --- | --- |
| 774 Dexus (Australia) | 6,264 | 0.04 |
| 1,173 Goodman Group (Australia) | 22,651 | 0.13 |
| 200 Link REIT (Hong Kong) | 1,762 | 0.01 |

100 Sumitomo Realty & Development Company
Limited (Japan)	2,941 0.02
48,318  0.29
Retail (0.43%)
| 218 Industria de Diseno Textil SA (Spain) | 7,081 | 0.04 |
| --- | --- | --- |
| 2,595 JD Sports Fashion PLC (United Kingdom) | 7,650 | 0.05 |
| 100 Nitori Holdings Company Limited (Japan) | 14,955 | 0.09 |
| 116 Pandora A/S (Denmark) | 14,480 | 0.09 |

| 200 Ryohin Keikaku Company Limited (Japan) | 3,050 | 0.02 |
| --- | --- | --- |
| 535 Wesfarmers Limited (Australia) | 23,085 | 0.14 |
|  | 70,301 | 0.43 |

Semiconductors (0.20%)
41 ASML Holding NV (Netherlands)	32,988  0.20
32,988  0.20
Software (0.15%)
1,282 Sage Group PLC (United Kingdom)	14,795 0.09 200 Square Enix Holdings Company Limited
(Japan)	10,259 0.06
25,054	0.15
NON-U.S. EQUITIES (11.19%) (30 June 2021: 10.37%) 
cont.	
NON-U.S. EQUITIES (11.19%) (30 June 2021: 10.37%) 
cont.	
| Number of Shares Telecommunications (0.40%) | Value USD | % of Fund |  | Number of Shares Transportation (0.40%) | Value USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- |
| 800 KDDI Corporation (Japan) | USD 23,383 | 0.13 |  | 2 AP Moller - Maersk A/S (Denmark) | USD 7,180 | 0.04 |
| 3,026 Koninklijke KPN NV (Netherlands) | 9,405 | 0.06 |  | 398 Deutsche Post AG (Germany) | 25,620 | 0.16 |
| 300 SoftBank Group Corporation (Japan) | 14,175 | 0.09 |  | 300 Nippon Yusen KK (Japan) | 22,850 | 0.14 |
| 6,556 Telstra Corporation Limited (Australia) | 19,942 | 0.12 |  | 276 Poste Italiane SpA (Italy) | 3,626 | 0.02 |
|  | 66,905 | 0.40 |  | 300 Yamato Holdings Company Limited (Japan) | 7,035 | 0.04 |
| Toys/Games/Hobbies (0.28%) |  |  |  |  | 66,311 | 0.40 |
| 100 Nintendo Company Limited (Japan) | 46,644 | 0.28 |  | Water (0.03%) |  |  |
|  | 46,644 | 0.28 |  | 221 Suez SA (France) | 4,984 | 0.03 |

4,984  0.03
Total Non-U.S. Equities	USD 1,850,144  11.19
U.S. GOVERNMENT AND AGENCY MORTGAGE OBLIGATIONS (2.70%) (30 June 2021: 13.05%)
Principal Amount
U.S. Government Agency Mortgage Obligations (2.70%)
Coupon
Rate
Maturity Dates
Value USD
% of Fund
| USD 88,727 Uniform Mortgage Backed Securities Pass-Through Certificates | 4.00 | 01/01/2057 | USD 97,625 | 0.59 |
| --- | --- | --- | --- | --- |
| 237,742 Uniform Mortgage Backed Securities Pass-Through Certificates | 3.50 | 01/12/2049 | 250,156 | 1.51 |
| 94,087 Uniform Mortgage Backed Securities Pass-Through Certificates | 3.50 | 01/11/2049 | 99,323 | 0.60 |
| Total U.S. Government and Agency Mortgage Obligations |  |  | USD 447,104 | 2.70 |
| MORTGAGE-BACKED SECURITIES (10.38%) (30 June 2021: 6.76%) |  |  |  |  |
| Principal | Coupon | Maturity | Value | % of |
| Amount | Rate | Dates | USD | Fund |
| Agency Collateralised Mortgage Obligations (0.57%) USD 199,504 Federal National Mortgage Association (Class DS) | 6.00 | 25/12/2048 | USD 16,771 | 0.10 |
| 367,116 Government National Mortgage Association (Class EI) | 2.20 | 20/06/2066 | 24,853 | 0.16 |
| 376,459 Government National Mortgage Association (Class EI) | 1.74 | 20/10/2065 | 22,136 | 0.13 |
| 84,917 Government National Mortgage Association (Class IC) | 5.00 | 16/01/2044 | 17,051 | 0.10 |
| 11,399 Government National Mortgage Association (Class QI) | 4.50 | 20/01/2040 | 1,907 | 0.01 |
| 60,560 Government National Mortgage Association (Class UI) | 5.00 | 20/01/2040 | 11,261 | 0.07 |
|  |  |  | 93,979 | 0.57 |
| Commercial Mortgage-Backed Securities (4.43%) 589,622 CD 2016-CD1 Mortgage Trust (Class XA) | 1.39 | 10/08/2049 | 29,875 | 0.18 |
| 72,214 Centex Home Equity Loan Trust 2005-A (Class M1) | 0.82 | 25/01/2035 | 72,257 | 0.45 |
| 22,000 CGMS Commercial Mortgage Trust 2017-B1 (Class B) | 3.96 | 15/08/2050 | 23,335 | 0.14 |
| 15,000 Citigroup Commercial Mortgage Trust 2018-C6 (Class AS) | 4.64 | 10/11/2051 | 17,136 | 0.10 |
| 66,822 Commercial 2012-LC4 Mortgage Trust (Class XA) | 1.76 | 10/12/2044 | 61 | - |
| 29,000 Commercial 2013-CCRE11 Mortgage Trust (Class B) | 5.11 | 10/08/2050 | 30,486 | 0.18 |
| 753,174 Commercial 2013-LC13 Mortgage Trust (Class XA) | 1.00 | 10/08/2046 | 10,034 | 0.06 |
| 2,748,319 Commercial 2014-CR14 Mortgage Trust (Class XA) | 0.55 | 10/02/2047 | 27,253 | 0.16 |
| 64,000 Commercial 2014-LC15 Mortgage Trust (Class B) | 4.60 | 10/04/2047 | 66,311 | 0.40 |
| 1,216,648 Commercial 2014-UBS6 Mortgage Trust (Class XA) | 0.86 | 10/12/2047 | 24,441 | 0.15 |
| 1,008,046 CSAIL 2015-C1 Commercial Mortgage Trust (Class XA) | 0.82 | 15/04/2050 | 20,335 | 0.12 |
| 53,133 EquiFirst Mortgage Loan Trust 2004-1 (Class M2) | 1.53 | 25/01/2034 | 53,974 | 0.33 |
| 986,720 JP Morgan Chase Commercial Mortgage Securities Trust 2012-C6 (Class XA) | 1.45 | 15/05/2045 | 25 | - |
| 25,000 JPMBB Commercial Mortgage Securities Trust 2013-C12 (Class B) | 4.10 | 15/07/2045 | 25,451 | 0.15 |
| 1,042,126 JPMBB Commercial Mortgage Securities Trust 2013-C17 (Class XA) | 0.72 | 15/01/2047 | 12,608 | 0.08 |
| 970,292 JPMBB Commercial Mortgage Securities Trust 2014-C22 (Class XA) | 0.82 | 15/09/2047 | 17,398 | 0.11 |
| 31,000 Morgan Stanley Bank of America Merrill Lynch Trust 2013-C8 (Class B) | 3.52 | 15/12/2048 | 31,487 | 0.19 |
| 621,174 Morgan Stanley Bank of America Merrill Lynch Trust 2014-C17 (Class XA) | 1.05 | 15/08/2047 | 11,504 | 0.07 |
| 23,000 Morgan Stanley Bank of America Merrill Lynch Trust 2015-C24 (Class B) | 4.34 | 15/05/2048 | 24,453 | 0.15 |
| 23,000 Morgan Stanley Bank of America Merrill Lynch Trust 2015-C25 (Class B) | 4.53 | 15/10/2048 | 24,460 | 0.15 |
| 38,000 UBS Commercial Mortgage Trust 2012-C1 (Class C) | 5.52 | 10/05/2045 | 38,187 | 0.23 |
| 42,000 UBS Commercial Mortgage Trust 2017-C5 (Class B) | 4.10 | 15/11/2050 | 46,218 | 0.28 |
| 1,986,907 UBS-Barclays Commercial Mortgage Trust 2012-C2 (Class XA) | 1.27 | 10/05/2063 | 4,816 | 0.03 |

MORTGAGE-BACKED SECURITIES (10.38%) (30 June 2021: 6.76%) 
cont.
Principal Amount
Coupon
Rate
Maturity Dates
Value USD
% of Fund
| Commercial Mortgage-Backed Securities (4.43%)  cont. |  |  |  |  |
| --- | --- | --- | --- | --- |
| USD 22,000 Wells Fargo Commercial Mortgage Trust 2018-C47 (Class B) | 4.85 | 15/09/2061 | USD 24,299 | 0.15 |
| 56,000 Wells Fargo Commercial Mortgage Trust 2018-C48 (Class B) | 4.90 | 15/01/2052 | 63,287 | 0.38 |
| 689,483 WFRBS Commercial Mortgage Trust 2012-C10 (Class XA) | 1.48 | 15/12/2045 | 5,008 | 0.03 |
| 2,058,000 WFRBS Commercial Mortgage Trust 2012-C9 (Class XB) | 0.71 | 15/11/2045 | 8,849 | 0.05 |
| 897,867 WFRBS Commercial Mortgage Trust 2014-C24 (Class XA)	0.85 | 15/11/2047 | 18,286 | 0.11 |
|  |  | 731,834 | 4.43 |
| Residential Mortgage-Backed Securities (non-agency) (5.38%) |  |  |  |  |
| 20,000 Fannie Mae Connecticut Avenue Securities (Class 1EB1) | 1.35 | 25/07/2029 | 20,027 | 0.12 |
| 32,255 Fannie Mae Connecticut Avenue Securities (Class 1ED1) | 0.75 | 25/01/2031 | 32,185 | 0.19 |
| 26,806 Fannie Mae Connecticut Avenue Securities (Class 1M2) | 3.65 | 25/07/2029 | 27,521 | 0.17 |
| 99,946 Fannie Mae Connecticut Avenue Securities (Class 1M2) | 4.35 | 25/01/2029 | 103,465 | 0.63 |
| 11,140 Fannie Mae Connecticut Avenue Securities (Class 1M2) | 5.80 | 25/04/2028 | 11,734 | 0.07 |
| 8,596 Fannie Mae Connecticut Avenue Securities (Class 1M2) | 5.00 | 25/11/2024 | 8,940 | 0.05 |
| 10,514 Fannie Mae Connecticut Avenue Securities (Class 2ED1) | 0.70 | 25/11/2029 | 10,468 | 0.06 |
| 11,279 Fannie Mae Connecticut Avenue Securities (Class 2M1) | 0.95 | 25/11/2041 | 11,286 | 0.07 |
| 88,271 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 4.45 | 25/05/2029 | 91,544 | 0.55 |
| 18,500 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 7.05 | 25/08/2028 | 19,505 | 0.12 |
| 10,429 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 5.65 | 25/04/2028 | 10,877 | 0.07 |
| 2,056 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 5.10 | 25/07/2025 | 2,067 | 0.01 |
| 2,194 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 4.10 | 25/05/2025 | 2,199 | 0.01 |
| 1,967 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 5.10 | 25/11/2024 | 1,997 | 0.01 |
| 7,768 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 3.00 | 25/07/2024 | 7,887 | 0.05 |
| 18,450 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 2.70 | 25/05/2024 | 18,738 | 0.11 |
| 134,349 Freddie Mac Structured Agency Credit Risk Debt Notes (Class M3) | 4.75 | 25/10/2028 | 138,842 | 0.84 |
| 135,051 Freddie Mac Structured Agency Credit Risk Debt Notes (Class M3) | 5.65 | 25/07/2028 | 140,592 | 0.85 |
| 78,339 MortgageIT Trust 2005-1 (Class 1M1) | 0.82 | 25/02/2035 | 77,188 | 0.47 |
| 26,000 STACR Trust 2018-DNA3 (Class M2B) | 2.20 | 25/09/2048 | 26,326 | 0.16 |
| 127,000 STACR Trust 2018-HRP2 (Class M3AS) | 1.10 | 25/02/2047 | 126,621 | 0.77 |
|  |  |  | 890,009 | 5.38 |
| Total Mortgage-Backed Securities |  |  | USD 1,715,822 | 10.38 |
| REPURCHASE AGREEMENTS (-%) (30 June 2021: 14.48%) |  |  |  |  |
| NON-U.S. CORPORATE BONDS AND NOTES (0.31%) (30 June 2021: 2.29%) |  |  |  |  |
| Principal | Coupon | Maturity | Value | % of |
| Amount | Rate | Date | USD | Fund |
| Oil and Natural Gas Utilities (0.31%) USD 50,000 Petroleos Mexicanos (Mexico) | 6.84 | 23/01/2030 | USD 51,729 | 0.31 |
| Total Non-U.S. Corporate Bonds and Notes |  |  | USD 51,729 | 0.31 |
| U.S. CORPORATE BONDS AND NOTES (-%) (30 June 2021: 5.08%) |  |  |  |  |
| FOREIGN GOVERNMENT AND AGENCY BONDS AND NOTES (0.32%) (30 June 2021: 1.19%) |  |  |  |  |
| Principal | Coupon | Maturity | Value | % of |
| Amount | Rate | Date | USD | Fund |
| USD 40,000 Uruguay Government International Bond (Uruguay) | 5.10 | 18/06/2050 | USD 52,820 | 0.32 |
| Total Foreign Government and Agency Bonds and Notes |  |  | USD 52,820 | 0.32 |
| ASSET-BACKED COMMERCIAL PAPER (1.81%) (30 June 2021: 0.48%) |  |  |  |  |
| Principal | Yield | Maturity | Value | % of |
| Amount | (%) | Date | USD | Fund |
| USD 300,000 Atlantic Asset Securitization | 0.11 | 03/02/2022 | USD 299,970 | 1.81 |
| Total Asset-Backed Commercial Paper |  |  | USD 299,970 | 1.81 |
| COMMERCIAL PAPER (23.94%) (30 June 2021: 11.05%) |  |  |  |  |
| Principal | Yield | Maturity | Value | % of |
| Amount | (%) | Dates | USD | Fund |
| USD 300,000 ABN AMRO Funding USA LLC | 0.12 | 05/01/2022 | USD 299,996 | 1.81 |
| 350,000 Australia & New Zealand Banking Group Limited | 0.11 | 20/01/2022 | 349,980 | 2.12 |

COMMERCIAL PAPER (23.94%) (30 June 2021: 11.05%) 
cont.
| Principal | Yield | Maturity | Value | % of |
| --- | --- | --- | --- | --- |
| Amount | (%) | Dates | USD | Fund |
| USD 310,000 Canadian Imperial Bank of Commerce | 0.15 | 07/03/2022 | USD 309,919 | 1.87 |
| 400,000 DNB Bank ASA | 0.14 | 22/02/2022 | 399,919 | 2.42 |
| 300,000 ING US Funding LLC | 0.16 | 21/06/2022 | 299,772 | 1.81 |
| 400,000 Mitsubishi UFJ Trust and Banking Corporation | 0.13 | 24/01/2022 | 399,966 | 2.42 |
| 325,000 Mizuho Bank Limited | 0.13 | 14/02/2022 | 324,948 | 1.97 |
| 325,000 Nationwide Building Society | 0.13 | 13/01/2022 | 324,986 | 1.97 |
| 350,000 Societe Generale | 0.12 | 10/01/2022 | 349,990 | 2.12 |
| 300,000 Sumitomo Mitsui Trust Bank Limited | 0.14 | 13/01/2022 | 299,986 | 1.81 |
| 300,000 Toronto-Dominion Bank | 0.11 | 03/02/2022 | 299,970 | 1.81 |
| 300,000 Westpac Banking Corporation | 0.17 | 17/06/2022 | 299,763 | 1.81 |
| Total Commercial Paper |  |  | USD 3,959,195 | 23.94 |
| U.S. TREASURY OBLIGATIONS (37.79%) (30 June 2021: 46.36%) |  |  |  |  |
| Principal | Yield | Maturity | Value | % of |
| Amount | (%) | Dates | USD | Fund |
| USD 1,500,000 United States Treasury Bill1 | 0.06 | 19/05/2022 | USD 1,499,687 | 9.07 |
| 1,250,000 United States Treasury Bill | 0.06 | 05/05/2022 | 1,249,763 | 7.56 |
| 1,500,000 United States Treasury Bill | 0.04 | 21/04/2022 | 1,499,798 | 9.07 |
| 1,500,000 United States Treasury Bill | 0.04 | 03/03/2022 | 1,499,891 | 9.07 |
| 250,000 United States Treasury Bill | 0.03 | 24/02/2022 | 249,982 | 1.51 |
| 250,000 United States Treasury Bill2 | 0.08 | 17/02/2022 | 249,985 | 1.51 |
| Total U.S. Treasury Obligations |  |  | USD 6,249,106 | 37.79 |
| 1 Security is partly held as collateral by Westpac (USD 19,890). 2 Security is partly held as collateral by Morgan Stanley (USD 11,940). |  |  |  |  |

(F) This security is valued by the Investment Advisor at fair value. Securities may be classified as Level 2 or Level 3 for Financial Reporting Standard 102 (“FRS 102”), “Fair Value: Disclosure”, based on the securities' valuation inputs.
| PURCHASED CURRENCY OPTIONS OUTSTANDING (-%) (30 June 2021: 0.03%) |  |
| --- | --- |
| Total Value of Investments excluding financial derivative instruments |  |  |  | USD 14,625,890 | 88.44 |  |
| WRITTEN CURRENCY OPTIONS OUTSTANDING (-%) (30 June 2021: -0.01%) |  |  |  |  |  |  |
| FUTURES CONTRACTS OUTSTANDING (0.46%) (30 June 2021: 1.24%) |  |  |  |  |  |  |
| Number of | Notional |  | Expiration | Unrealised Appreciation/ (Depreciation) | % of |  |
| Contracts | amounts | Value | Date | USD | Fund |  |
| Canadian Government Bond 10 yr (Long)	18 | USD 2,029,456 | USD 2,029,456 | Mar-22 | USD 38,648 | 0.23 |  |
| Euro-BTP Italian Government Bond (Long)	10 | 1,673,709 | 1,673,708 | Mar-22 | (29,280) | (0.19) |  |
| Euro-Bund 10 yr (Long)	9 | 1,755,943 | 1,755,942 | Mar-22 | (31,783) | (0.19) |  |
| Euro-OAT 10 yr (Long)	9 | 1,671,716 | 1,671,716 | Mar-22 | (31,475) | (0.19) |  |
| Japanese Government Bond 10 yr (Long)	2 | 2,635,660 | 2,635,660 | Mar-22 | (9,051) | (0.05) |  |
| MSCI EAFE Index (Long)	15 | 1,752,051 | 1,741,350 | Mar-22 | 25,928 | 0.16 |  |
| S&P 500 Index E-Mini (Long)	10 | 2,383,090 | 2,379,250 | Mar-22 | 49,311 | 0.30 |  |
| U.K. Gilt 10 yr (Long)	12 | 2,028,701 | 2,028,701 | Mar-22 | 458 | - |  |
| U.S. Treasury Note 2 yr (Short)	28 | 6,108,813 | 6,108,813 | Mar-22 | 5,265 | 0.03 |  |
| U.S. Treasury Note 5 yr (Short)	19 | 2,298,555 | 2,298,555 | Mar-22 | (9,988) | (0.06) |  |
| U.S. Treasury Note Ultra 10 yr (Long)	35 | 5,125,313 | 5,125,313 | Mar-22 | 85,313 | 0.52 |  |
| U.S. Treasury Note Ultra 10 yr (Short)	7 | 1,025,063 | 1,025,063 | Mar-22 | (17,078) | (0.10) |  |
| Unrealised Appreciation on Futures Contracts Outstanding | USD 204,923 | 1.24 |
| Unrealised Depreciation on Futures Contracts Outstanding | USD (128,655) | (0.78) |
| Net Unrealised Appreciation on Futures Contracts Outstanding | USD 76,268 | 0.46 |
| Variation Margin Settlement to Date | USD 327 | - |
| Cumulative Unrealised Appreciation less Variation Margin Settlement to Date | USD 76,595 | 0.46 |
| The Brokers for Futures Contracts in the Fund are BofA Securities Incorporated and JPMorgan Securities Incorporated. |  |  |

TBA SALES COMMITMENTS OUTSTANDING (-12.53%) (30 June 2021: -19.58%)
| Principal Amount | Agency | Coupon Rate | Settlement Date | Value USD | % of Fund |
| --- | --- | --- | --- | --- | --- |
| USD 2,000,000 | Uniform Mortgage Backed Securities | 3.00 | 13/01/2022 | USD (2,072,734) | (12.53) |

Total TBA Sales Commitments Outstanding	USD (2,072,734)	(12.53)
| Notional Amount | Value |  | Upfront Premium received/ (paid) | Termination Date | Payments made by Fund | Payments received by Fund | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| USD 4,991,000 USD | 3,045 | (E) | USD (2,673) | 16/03/2024 | Secured Overnight Financing Rate - Annually | 0.90% - Annually | USD 371 | - |
| 293,000 | 1,154 | (E) | 1,317 | 16/03/2027 | 1.25% - Annually | Secured Overnight Financing Rate - Annually | 163 | - |
| 994,000 | 5,010 | (E) | (6,394) | 16/03/2032 | Secured Overnight Financing Rate - Annually | 1.40% - Annually | (1,384) | (0.01) |
| 123,000 | 4,129 | (E) | 4,513 | 16/03/2052 | 1.60% - Annually | Secured Overnight Financing Rate - Annually | 384 | 0.01 |
| 61,000 | 251 |  | (1) | 30/12/2031 | Secured Overnight Financing Rate - Annually | 1.2695% - Annually | (247) | - |
| 91,000 | 157 |  | (1) | 31/12/2031 | 1.331% - Annually | Secured Overnight Financing Rate - Annually | (162) | - |
| 634,000 | 729 |  | (8) | 03/01/2032 | 1.3265% - Annually | Secured Overnight Financing Rate - Annually | (738) | (0.01) |

CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS OUTSTANDING (-%) (30 June 2021: -0.01%)
| Unrealised Appreciation on Centrally Cleared Interest Rate Swap Contracts Outstanding | USD 918 | 0.01 |
| --- | --- | --- |
| Unrealised Depreciation on Centrally Cleared Interest Rate Swap Contracts Outstanding | USD (2,531) | (0.02) |
| Net Unrealised Depreciation on Centrally Cleared Interest Rate Swap Contracts Outstanding | USD (1,613) | (0.01) |
| Variation Margin Settlement to Date | USD 1,886 | 0.01 |
| Cumulative Unrealised Appreciation less Variation Margin Settlement to Date | USD 273 | - |
| (E) See Note 2 to the audited annual Financial Statements for the year ended 30 June 2021 regarding extended effective dates. |  |  |
| OTC TOTAL RETURN SWAP CONTRACTS OUTSTANDING (0.66%) (30 June 2021: 0.11%) |  |  |
|  |  | Upfront Premium |  | Payments | Total return | Unrealised Appreciation/ |  |
| Swap Counterparty/ |  | received/ | Termination | received/(paid) | received by | (Depreciation) | % of |
| Notional Amount | Value | (paid) | Date | by Fund | or paid by Fund | USD | Fund |
| Bank of America N.A. |  |  |  |  |  |  |  |
| USD 925,135 | USD 951,551 | USD - | 12/10/2022 (Secured Overnight Financing A basket (MLFCF15) of common Rate plus 0.22%) - Quarterly	stocks - Quarterly | USD 26,625 | 0.16 |
| 922,058 | 950,771 | - | 12/10/2022 Secured Overnight Financing Russell 1000 Total Return Index - Rate plus 0.05% - Quarterly	Quarterly | (28,672) | (0.18) |
| Citibank, N.A. |  |  |  |  |  |
| 1,323,634 | 1,318,244 | - | 28/09/2022 (Secured Overnight Financing S&P 500 Total Return 4 Jan 1988 | (5,427) | (0.03) |
|  |  | Rate plus 0.45%) - Monthly | Index - Monthly |  |  |
| Goldman Sachs International |  |  |  |  |  |
| 662,746 | 659,122 | -	11/01/2022 (Secured Overnight Financing S&P Rate plus 0.48%) - Monthly | 500 Total Return 4 Jan 1988 Index - Monthly | (3,624) | (0.02) |
| JPMorgan Chase Bank N.A. |  |  |  |  |  |
| 59,272 | 61,564 | -	05/02/2022 (1 month USD-LIBOR-BBA plus 0.25%) - Monthly | MSCI Daily TR Net Emerging Markets USD - Monthly | 2,278 | 0.01 |
| 3,037,715 | 3,155,797 | -	05/02/2022 (1 month USD-LIBOR-BBA plus S&P 0.15%) - Monthly | 500 Total Return 4 Jan 1988 Index - Monthly | 117,569 | 0.72 |

Unrealised Appreciation on OTC Total Return Swap Contracts Outstanding	USD 146,472	0.89
Unrealised Depreciation on OTC Total Return Swap Contracts Outstanding	USD (37,723)  (0.23)
Net Unrealised Appreciation on OTC Total Return Swap Contracts Outstanding	USD 108,749	0.66
CENTRALLY CLEARED TOTAL RETURN SWAP CONTRACTS OUTSTANDING (-%) (30 June 2021: -0.01%)
| Notional Amount | Value | Upfront Premium received/ (paid) | Termination Date | Payments received/(paid) by Fund | Total return received by or paid by Fund | Unrealised Depreciation USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| USD 571,000 | USD 22,212 | USD 1,848 | 15/01/2032 | 2.78% - At maturity | USA Non-revised Consumer Price Index- Urban (CPI-U) - At maturity | USD (20,364) | (0.12) |
| 1,793,000 | 46,726 | 1,323 | 13/09/2026 | 2.7375% - At maturity | USA Non-revised Consumer Price Index- Urban (CPI-U) - At maturity | (45,403) | (0.28) |
| Unrealised Depreciation on Centrally Cleared Total Return Swap Contracts Outstanding | USD (65,767) | (0.40) |
| Variation Margin Settlement to Date | USD 66,220 | 0.40 |
| Cumulative Unrealised Appreciation less Variation Margin Settlement to Date | USD 453 | - |
| OTC CREDIT DEFAULT CONTRACTS OUTSTANDING - PROTECTION SOLD (-%) (30 June 2021: -%) |  |  |
| OTC CREDIT DEFAULT CONTRACTS OUTSTANDING - PROTECTION PURCHASED (-%) (30 June 2021: -0.05%) |  |  |
| CENTRALLY CLEARED CREDIT DEFAULT CONTRACTS OUTSTANDING - PROTECTION SOLD (-%) (30 June 2021: 0.01%) |  |  |
| CENTRALLY CLEARED CREDIT DEFAULT CONTRACTS OUTSTANDING - PROTECTION PURCHASED (-%) (30 June 2021: -%) |  |  |
| FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS (-0.15%) (30 June 2021: -3.27%) |  |  |
|  |  |  |  |  | Aggregate | Unrealised Appreciation/ |  |
|  |  | Contract | Delivery | Value | face value | (Depreciation) | % of |
| Counterparty | Currency | type* | date | USD | USD | USD | Fund |
| Bank of America, N.A. |  |  |  |  |  |  |  |
|  | Australian Dollar | Buy | 19/01/2022 | USD 46,565 | USD 45,567 | USD 998 | 0.01 |
|  | Australian Dollar | Sell | 19/01/2022 | 46,565 | 46,634 | 69 | - |
|  | British Pound | Buy | 16/03/2022 | 297,014 | 292,282 | 4,732 | 0.03 |
|  | Canadian Dollar | Buy | 19/01/2022 | 310,206 | 306,872 | 3,334 | 0.02 |
|  | Canadian Dollar | Buy | 19/01/2022 | 24,507 | 24,530 | (23) | - |
|  | Canadian Dollar | Buy | 19/01/2022 | 105,141 | 104,011 | 1,130 | 0.01 |
|  | Canadian Dollar | Sell | 19/01/2022 | 310,206 | 312,022 | 1,816 | 0.01 |
|  | Canadian Dollar | Sell | 19/01/2022 | 129,648 | 130,407 | 759 | 0.01 |
|  | Euro | Sell | 16/03/2022 | 182,542 | 181,971 | (571) | - |
|  | Euro | Sell | 19/01/2022 | 13,894 | 13,756 | (138) | - |
|  | Japanese Yen | Buy | 16/02/2022 | 1,874,305 | 1,899,000 | (24,695) | (0.15) |
|  | Japanese Yen | Buy | 16/02/2022 | 228,671 | 231,350 | (2,679) | (0.02) |
|  | Japanese Yen | Sell | 16/02/2022 | 1,874,305 | 1,896,258 | 21,953 | 0.13 |
|  | Japanese Yen | Sell | 16/02/2022 | 228,671 | 231,684 | 3,013 | 0.02 |
|  | New Zealand Dollar | Buy | 19/01/2022 | 130,112 | 134,832 | (4,720) | (0.03) |
|  | New Zealand Dollar | Buy | 19/01/2022 | 95,119 | 96,404 | (1,285) | (0.01) |
|  | New Zealand Dollar | Buy | 19/01/2022 | 150,382 | 149,187 | 1,195 | 0.01 |
|  | New Zealand Dollar | Sell | 19/01/2022 | 375,612 | 381,938 | 6,326 | 0.04 |
|  | Swedish Krona | Sell | 16/03/2022 | 23,198 | 23,226 | 28 | - |
| Barclays Bank PLC |  |  |  |  |  |  |  |
|  | Australian Dollar | Buy | 19/01/2022 | 24,447 | 24,978 | (531) | - |
|  | Australian Dollar | Buy | 19/01/2022 | 206,050 | 201,625 | 4,425 | 0.03 |
|  | Australian Dollar | Sell | 19/01/2022 | 230,497 | 230,754 | 257 | - |
|  | British Pound | Buy | 16/03/2022 | 36,805 | 35,999 | 806 | 0.01 |
|  | British Pound | Sell | 16/03/2022 | 36,805 | 35,934 | (871) | (0.01) |
|  | Canadian Dollar | Buy | 19/01/2022 | 92,414 | 93,182 | (768) | (0.01) |
|  | Canadian Dollar | Buy | 19/01/2022 | 350,444 | 346,682 | 3,762 | 0.02 |
|  | Canadian Dollar | Sell | 19/01/2022 | 68,065 | 68,449 | 384 | - |
|  | Canadian Dollar | Sell | 19/01/2022 | 276,608 | 281,728 | 5,120 | 0.03 |
|  | Canadian Dollar | Sell | 19/01/2022 | 98,184 | 100,040 | 1,856 | 0.01 |
|  | Euro | Buy | 16/03/2022 | 638,154 | 636,033 | 2,121 | 0.01 |

| Counterparty | Currency | Contract type* | Delivery date | Value USD | Aggregate face value USD | Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Barclays Bank PLC  cont. | Japanese Yen | Buy | 16/02/2022 | USD 134,699 | USD 136,223 | USD (1,524) | (0.01) |
|  | Japanese Yen | Buy | 16/02/2022 | 201,566 | 203,943 | (2,377) | (0.01) |
|  | Japanese Yen | Sell | 16/02/2022 | 134,699 | 136,469 | 1,770 | 0.01 |
|  | Japanese Yen | Sell | 16/02/2022 | 201,566 | 204,214 | 2,648 | 0.02 |
|  | New Zealand Dollar | Buy | 19/01/2022 | 131,413 | 130,296 | 1,117 | 0.01 |
|  | New Zealand Dollar | Sell | 19/01/2022 | 131,413 | 133,634 | 2,221 | 0.01 |
| Citibank, N.A. | Australian Dollar | Buy | 19/01/2022 | 37,107 | 36,310 | 797 | 0.01 |
|  | Australian Dollar | Sell | 19/01/2022 | 37,107 | 37,162 | 55 | - |
|  | Canadian Dollar | Buy | 19/01/2022 | 2,464,887 | 2,479,002 | (14,115) | (0.09) |
|  | Canadian Dollar | Buy | 19/01/2022 | 11,779 | 11,846 | (67) | - |
|  | Canadian Dollar | Buy | 19/01/2022 | 362,776 | 358,857 | 3,919 | 0.02 |
|  | Canadian Dollar | Sell | 19/01/2022 | 2,012,543 | 1,990,801 | (21,742) | (0.13) |
|  | Canadian Dollar | Sell | 19/01/2022 | 276,608 | 281,726 | 5,118 | 0.03 |
|  | Canadian Dollar | Sell | 19/01/2022 | 73,124 | 73,469 | 345 | - |
|  | Canadian Dollar | Sell | 19/01/2022 | 24,823 | 24,843 | 20 | - |
|  | Danish Krone | Buy | 16/03/2022 | 2,944 | 2,935 | 9 | - |
|  | Japanese Yen | Buy | 16/02/2022 | 5,974 | 6,053 | (79) | - |
|  | Japanese Yen | Sell | 16/02/2022 | 5,974 | 6,045 | 71 | - |
|  | New Zealand Dollar | Buy | 19/01/2022 | 353,699 | 350,686 | 3,013 | 0.02 |
|  | New Zealand Dollar | Buy | 19/01/2022 | 34,171 | 33,855 | 316 | - |
|  | New Zealand Dollar | Sell | 19/01/2022 | 353,699 | 359,593 | 5,894 | 0.04 |
|  | New Zealand Dollar | Sell | 19/01/2022 | 34,171 | 33,669 | (502) | - |
|  | Swedish Krona | Buy | 16/03/2022 | 454 | 453 | 1 | - |
|  | Swedish Krona | Sell | 16/03/2022 | 454 | 451 | (3) | - |
| Credit Suisse International Australian Dollar | Buy | 19/01/2022 | 3,711 | 3,716 | (5) | - |
| Australian Dollar | Sell | 19/01/2022 | 3,711 | 3,631 | (80) | - |
| British Pound | Sell | 16/03/2022 | 63,056 | 61,695 | (1,361) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 90,200 | 91,618 | (1,418) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 21,661 | 21,428 | 233 | - |
| Canadian Dollar | Sell | 19/01/2022 | 111,861 | 112,498 | 637 | - |
| Japanese Yen | Buy | 16/02/2022 | 1,905,432 | 1,927,633 | (22,201) | (0.13) |
| Japanese Yen | Sell | 16/02/2022 | 1,905,432 | 1,930,368 | 24,937 | 0.15 |
| New Zealand Dollar | Buy | 19/01/2022 | 146,889 | 149,352 | (2,463) | (0.01) |
| New Zealand Dollar | Sell | 19/01/2022 | 146,889 | 145,621 | (1,268) | (0.01) |
| Goldman Sachs International Australian Dollar | Buy | 19/01/2022 | 353,749 | 346,151 | 7,598 | 0.05 |
| Australian Dollar | Buy | 19/01/2022 | 91,748 | 92,951 | (1,203) | (0.01) |
| Australian Dollar | Buy | 19/01/2022 | 180,512 | 183,011 | (2,499) | (0.02) |
| Australian Dollar | Buy | 19/01/2022 | 307,693 | 301,084 | 6,609 | 0.04 |
| Australian Dollar | Buy | 19/01/2022 | 34,487 | 33,872 | 615 | - |
| Australian Dollar | Sell | 19/01/2022 | 353,749 | 354,276 | 527 | - |
| Australian Dollar | Sell | 19/01/2022 | 579,953 | 580,817 | 864 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 34,487 | 33,734 | (753) | (0.01) |
| Brazilian Real | Buy | 02/02/2022 | 87,426 | 87,557 | (131) | - |
| Brazilian Real | Sell | 02/02/2022 | 88,568 | 91,791 | 3,223 | 0.02 |
| British Pound | Buy | 16/03/2022 | 109,469 | 107,710 | 1,759 | 0.01 |
| British Pound | Sell | 16/03/2022 | 36,941 | 36,066 | (875) | (0.01) |
| British Pound | Sell | 16/03/2022 | 72,528 | 70,937 | (1,591) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 874,331 | 864,927 | 9,404 | 0.06 |
| Canadian Dollar | Buy | 19/01/2022 | 1,219,084 | 1,226,076 | (6,992) | (0.04) |

| Counterparty | Currency | Contract type* | Delivery date | Value USD | Aggregate face value USD | Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Goldman Sachs International  cont. Canadian Dollar | Buy | 19/01/2022 | USD 42,452 | USD 41,935 | USD 517 | - |
| Canadian Dollar | Sell | 19/01/2022 | 874,331 | 870,186 | (4,145) | (0.03) |
| Canadian Dollar | Sell | 19/01/2022 | 201,112 | 204,484 | 3,372 | 0.02 |
| Canadian Dollar | Sell | 19/01/2022 | 161,032 | 160,269 | (763) | (0.01) |
| Canadian Dollar | Sell | 19/01/2022 | 856,940 | 847,722 | (9,218) | (0.06) |
| Canadian Dollar | Sell | 19/01/2022 | 42,452 | 42,263 | (189) | - |
| Chinese Yuan (offshore) | Buy | 16/02/2022 | 97,481 | 96,511 | 970 | 0.01 |
| Chinese Yuan (offshore) | Sell | 16/02/2022 | 33,524 | 33,240 | (284) | - |
| Chinese Yuan (offshore) | Sell | 16/02/2022 | 42,685 | 42,408 | (277) | - |
| Euro | Buy | 16/03/2022 | 760,609 | 758,160 | 2,449 | 0.02 |
| Euro | Buy | 16/03/2022 | 25,312 | 25,094 | 218 | - |
| Euro | Sell | 16/03/2022 | 25,312 | 25,235 | (77) | - |
| Japanese Yen | Buy | 16/02/2022 | 2,054,290 | 2,078,489 | (24,199) | (0.15) |
| Japanese Yen | Buy | 16/02/2022 | 24,898 | 25,226 | (328) | - |
| Japanese Yen | Buy | 16/02/2022 | 25,020 | 25,053 | (33) | - |
| Japanese Yen | Buy | 16/02/2022 | 167,747 | 169,953 | (2,206) | (0.01) |
| Japanese Yen | Sell | 16/02/2022 | 2,036,530 | 2,039,249 | 2,719 | 0.02 |
| Japanese Yen | Sell | 16/02/2022 | 6,166 | 6,238 | 72 | - |
| Japanese Yen | Sell | 16/02/2022 | 24,746 | 24,998 | 252 | - |
| Japanese Yen | Sell | 16/02/2022 | 49,042 | 49,411 | 369 | - |
| Japanese Yen | Sell | 16/02/2022 | 137,710 | 137,894 | 184 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 24,105 | 25,001 | (896) | (0.01) |
| New Zealand Dollar | Buy | 19/01/2022 | 645,217 | 639,715 | 5,502 | 0.03 |
| New Zealand Dollar | Buy | 19/01/2022 | 34,103 | 33,788 | 315 | - |
| New Zealand Dollar | Sell | 19/01/2022 | 490,042 | 498,075 | 8,033 | 0.05 |
| New Zealand Dollar | Sell | 19/01/2022 | 90,120 | 91,179 | 1,059 | 0.01 |
| New Zealand Dollar | Sell | 19/01/2022 | 89,161 | 93,634 | 4,473 | 0.03 |
| New Zealand Dollar | Sell | 19/01/2022 | 34,103 | 33,602 | (501) | - |
| Norwegian Krone | Buy | 16/03/2022 | 8,607 | 8,338 | 269 | - |
| Norwegian Krone | Buy | 16/03/2022 | 227 | 223 | 4 | - |
| Norwegian Krone | Buy | 16/03/2022 | 4,003 | 3,888 | 115 | - |
| Norwegian Krone | Sell | 16/03/2022 | 12,837 | 12,518 | (319) | - |
| Polish Zloty | Buy | 16/03/2022 | 27,970 | 27,735 | 235 | - |
| Swiss Franc | Buy | 16/03/2022 | 42,770 | 42,258 | 512 | - |
| Swiss Franc | Sell | 16/03/2022 | 17,152 | 17,030 | (122) | - |
| Swiss Franc | Sell | 16/03/2022 | 42,770 | 42,465 | (305) | - |
| HSBC Bank USA, N.A. Australian Dollar | Buy | 19/01/2022 | 175,565 | 171,794 | 3,771 | 0.02 |
| Australian Dollar | Sell | 19/01/2022 | 175,565 | 175,773 | 208 | - |
| Canadian Dollar | Buy | 19/01/2022 | 72,729 | 73,152 | (423) | - |
| Canadian Dollar | Buy | 19/01/2022 | 527,208 | 521,451 | 5,757 | 0.03 |
| Canadian Dollar | Sell | 19/01/2022 | 599,937 | 613,723 | 13,786 | 0.08 |
| Japanese Yen | Buy | 16/02/2022 | 327,427 | 331,252 | (3,825) | (0.02) |
| Japanese Yen | Buy | 16/02/2022 | 55,491 | 56,140 | (649) | - |
| Japanese Yen | Buy | 16/02/2022 | 24,721 | 24,953 | (232) | - |
| Japanese Yen | Sell | 16/02/2022 | 327,427 | 331,727 | 4,300 | 0.03 |
| Japanese Yen | Sell | 16/02/2022 | 80,213 | 81,266 | 1,053 | 0.01 |
| New Zealand Dollar | Buy | 19/01/2022 | 427,383 | 445,734 | (18,351) | (0.11) |
| New Zealand Dollar | Buy | 19/01/2022 | 130,112 | 134,829 | (4,717) | (0.03) |
| New Zealand Dollar | Sell | 19/01/2022 | 228,654 | 232,461 | 3,807 | 0.02 |
| New Zealand Dollar | Sell | 19/01/2022 | 328,840 | 326,027 | (2,813) | (0.02) |

| Counterparty | Currency | Contract type* | Delivery date | Value USD | Aggregate face value USD | Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| JPMorgan Chase Bank, N.A. Australian Dollar | Buy | 19/01/2022 | USD 479,257 | USD 479,972 | USD (715) | - |
| Australian Dollar | Sell | 19/01/2022 | 183,568 | 187,107 | 3,539 | 0.02 |
| Australian Dollar | Sell | 19/01/2022 | 179,567 | 186,023 | 6,456 | 0.04 |
| Australian Dollar | Sell | 19/01/2022 | 116,122 | 113,623 | (2,499) | (0.02) |
| Canadian Dollar | Buy | 19/01/2022 | 463,570 | 466,271 | (2,701) | (0.02) |
| Canadian Dollar | Buy | 19/01/2022 | 198,661 | 199,819 | (1,158) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 90,121 | 92,217 | (2,096) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 182,218 | 187,121 | (4,903) | (0.03) |
| Canadian Dollar | Buy | 19/01/2022 | 24,586 | 24,723 | (137) | - |
| Canadian Dollar | Buy | 19/01/2022 | 42,452 | 41,935 | 517 | - |
| Canadian Dollar | Sell | 19/01/2022 | 463,570 | 458,561 | (5,009) | (0.03) |
| Canadian Dollar | Sell | 19/01/2022 | 495,586 | 490,231 | (5,355) | (0.03) |
| Canadian Dollar | Sell | 19/01/2022 | 42,452 | 42,262 | (190) | - |
| Euro | Buy | 16/03/2022 | 118,236 | 117,855 | 381 | - |
| Euro | Buy | 16/03/2022 | 42,186 | 41,822 | 364 | - |
| Euro | Buy | 19/01/2022 | 10,022 | 9,956 | 66 | - |
| Euro | Buy | 19/01/2022 | 11,616 | 11,553 | 63 | - |
| Euro | Sell | 16/03/2022 | 42,186 | 42,050 | (136) | - |
| Japanese Yen | Buy | 16/02/2022 | 538,256 | 545,330 | (7,074) | (0.04) |
| Japanese Yen | Sell | 16/02/2022 | 538,256 | 544,637 | 6,381 | 0.04 |
| New Zealand Dollar | Buy | 19/01/2022 | 1,213,532 | 1,233,807 | (20,275) | (0.12) |
| New Zealand Dollar | Buy | 19/01/2022 | 2,602 | 2,564 | 38 | - |
| New Zealand Dollar | Sell | 19/01/2022 | 1,213,532 | 1,203,096 | (10,436) | (0.06) |
| New Zealand Dollar | Sell | 19/01/2022 | 2,602 | 2,580 | (22) | - |
| Norwegian Krone | Sell | 16/03/2022 | 21,456 | 20,782 | (674) | - |
| Singapore Dollar | Buy | 16/02/2022 | 89,024 | 88,897 | 127 | - |
| Singapore Dollar | Sell | 16/02/2022 | 79,083 | 78,951 | (132) | - |
| South Korean Won | Buy | 16/02/2022 | 40,019 | 40,113 | (94) | - |
| South Korean Won | Sell | 16/02/2022 | 40,058 | 40,098 | 40 | - |
| Morgan Stanley & Co. International PLC Australian Dollar | Buy | 19/01/2022 | 79,743 | 80,235 | (492) | - |
| Australian Dollar | Buy | 19/01/2022 | 699,931 | 701,009 | (1,078) | (0.01) |
| Australian Dollar | Buy | 19/01/2022 | 45,328 | 46,770 | (1,442) | (0.01) |
| Australian Dollar | Buy | 19/01/2022 | 142,678 | 144,376 | (1,698) | (0.01) |
| Australian Dollar | Buy | 19/01/2022 | 1,819 | 1,779 | 40 | - |
| Australian Dollar | Sell | 19/01/2022 | 79,743 | 78,028 | (1,715) | (0.01) |
| Australian Dollar | Sell | 19/01/2022 | 887,938 | 868,849 | (19,089) | (0.12) |
| Australian Dollar | Sell | 19/01/2022 | 1,819 | 1,793 | (26) | - |
| British Pound | Buy | 16/03/2022 | 36,941 | 36,135 | 806 | 0.01 |
| British Pound | Sell | 16/03/2022 | 36,941 | 36,067 | (874) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 509,104 | 503,619 | 5,485 | 0.03 |
| Canadian Dollar | Buy | 19/01/2022 | 137,869 | 139,999 | (2,130) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 89,884 | 91,338 | (1,454) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 182,218 | 187,121 | (4,903) | (0.03) |
| Canadian Dollar | Buy | 19/01/2022 | 112,572 | 114,448 | (1,876) | (0.01) |
| Canadian Dollar | Sell | 19/01/2022 | 509,104 | 512,021 | 2,917 | 0.02 |
| Canadian Dollar | Sell | 19/01/2022 | 139,292 | 140,090 | 798 | 0.01 |
| Canadian Dollar | Sell | 19/01/2022 | 201,112 | 204,482 | 3,370 | 0.02 |
| Canadian Dollar | Sell | 19/01/2022 | 182,139 | 180,177 | (1,962) | (0.01) |
| Euro | Sell | 19/01/2022 | 4,214 | 4,200 | (14) | - |
| Japanese Yen | Buy | 16/02/2022 | 613,409 | 621,477 | (8,068) | (0.05) |

| Counterparty | Currency | Contract type* | Delivery date | Value USD | Aggregate face value USD | Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Morgan Stanley & Co. International PLC  cont. Japanese Yen | Buy | 16/02/2022 | USD 404,210 | USD 408,990 | USD (4,780) | (0.03) |
| Japanese Yen | Buy | 16/02/2022 | 49,844 | 50,581 | (737) | - |
| Japanese Yen | Buy | 16/02/2022 | 50,203 | 51,065 | (862) | (0.01) |
| Japanese Yen | Sell | 16/02/2022 | 613,409 | 620,662 | 7,253 | 0.04 |
| Japanese Yen | Sell | 16/02/2022 | 138,803 | 141,625 | 2,822 | 0.02 |
| Japanese Yen | Sell | 16/02/2022 | 8,290 | 8,435 | 145 | - |
| Japanese Yen | Sell | 16/02/2022 | 495,968 | 502,492 | 6,524 | 0.04 |
| New Zealand Dollar | Buy | 19/01/2022 | 106,418 | 111,652 | (5,234) | (0.03) |
| New Zealand Dollar | Buy | 19/01/2022 | 130,112 | 134,827 | (4,715) | (0.03) |
| New Zealand Dollar | Buy | 19/01/2022 | 195,921 | 194,246 | 1,675 | 0.01 |
| New Zealand Dollar | Buy | 19/01/2022 | 57,455 | 56,612 | 843 | 0.01 |
| New Zealand Dollar | Sell | 19/01/2022 | 489,905 | 498,061 | 8,156 | 0.05 |
| Swedish Krona | Buy | 16/03/2022 | 8,227 | 8,237 | (10) | - |
| Swedish Krona | Buy | 16/03/2022 | 8,471 | 8,406 | 65 | - |
| Swedish Krona | Buy | 16/03/2022 | 2,436 | 2,420 | 16 | - |
| Swedish Krona | Sell | 16/03/2022 | 19,134 | 19,035 | (99) | - |
| Swiss Franc | Buy | 16/03/2022 | 16,932 | 16,810 | 122 | - |
| Swiss Franc | Buy | 16/03/2022 | 25,838 | 25,467 | 371 | - |
| Swiss Franc | Sell | 16/03/2022 | 42,770 | 42,252 | (518) | - |
| NatWest Markets PLC Australian Dollar | Buy | 19/01/2022 | 192,081 | 192,372 | (291) | - |
| Australian Dollar | Sell | 19/01/2022 | 91,457 | 94,041 | 2,584 | 0.02 |
| Australian Dollar | Sell | 19/01/2022 | 100,624 | 98,459 | (2,165) | (0.01) |
| British Pound | Buy | 16/03/2022 | 8,525 | 8,332 | 193 | - |
| British Pound | Sell | 16/03/2022 | 8,525 | 8,338 | (187) | - |
| Canadian Dollar | Buy | 19/01/2022 | 125,616 | 126,341 | (725) | - |
| Canadian Dollar | Sell | 19/01/2022 | 125,616 | 124,261 | (1,355) | (0.01) |
| Japanese Yen | Buy | 16/02/2022 | 1,367,730 | 1,385,728 | (17,998) | (0.11) |
| Japanese Yen | Buy | 16/02/2022 | 4,596 | 4,649 | (53) | - |
| Japanese Yen | Buy | 16/02/2022 | 73,494 | 73,858 | (364) | - |
| Japanese Yen | Sell | 16/02/2022 | 1,367,730 | 1,383,586 | 15,856 | 0.10 |
| Japanese Yen | Sell | 16/02/2022 | 78,090 | 79,118 | 1,028 | 0.01 |
| New Zealand Dollar | Buy | 19/01/2022 | 134,905 | 138,274 | (3,369) | (0.02) |
| New Zealand Dollar | Buy | 19/01/2022 | 554,961 | 550,237 | 4,724 | 0.03 |
| New Zealand Dollar | Sell | 19/01/2022 | 689,866 | 701,438 | 11,572 | 0.07 |
| State Street Bank & Trust Company Australian Dollar | Buy | 19/01/2022 | 466,815 | 456,787 | 10,028 | 0.06 |
| Australian Dollar | Buy | 19/01/2022 | 50,785 | 49,680 | 1,105 | 0.01 |
| Australian Dollar | Buy | 19/01/2022 | 91,748 | 92,950 | (1,202) | (0.01) |
| Australian Dollar | Buy | 19/01/2022 | 90,438 | 91,500 | (1,062) | (0.01) |
| Australian Dollar | Buy | 19/01/2022 | 180,512 | 183,012 | (2,500) | (0.02) |
| Australian Dollar | Buy | 19/01/2022 | 45,328 | 46,770 | (1,442) | (0.01) |
| Australian Dollar | Buy | 19/01/2022 | 119,978 | 122,538 | (2,560) | (0.02) |
| Australian Dollar | Buy | 19/01/2022 | 142,751 | 144,447 | (1,696) | (0.01) |
| Australian Dollar | Buy | 19/01/2022 | 24,665 | 24,786 | (121) | - |
| Australian Dollar | Buy | 19/01/2022 | 73,340 | 73,370 | (30) | - |
| Australian Dollar | Buy | 19/01/2022 | 55,514 | 55,105 | 409 | - |
| Australian Dollar | Buy | 19/01/2022 | 8,513 | 8,330 | 183 | - |
| Australian Dollar | Buy | 19/01/2022 | 813,579 | 796,102 | 17,477 | 0.11 |
| Australian Dollar | Buy | 19/01/2022 | 8,585 | 8,284 | 301 | - |
| Australian Dollar | Buy | 19/01/2022 | 34,487 | 33,871 | 616 | - |
| Australian Dollar | Buy | 19/01/2022 | 32,668 | 31,958 | 710 | - |
| Australian Dollar | Sell | 19/01/2022 | 466,815 | 467,463 | 648 | - |

| Counterparty | Currency | Contract type* | Delivery date | Value USD | Aggregate face value USD | Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| State Street Bank & Trust Company  cont. Australian Dollar | Sell | 19/01/2022 | USD 50,785 | USD 49,684 | USD (1,101) | (0.01) |
| Australian Dollar | Sell | 19/01/2022 | 479,839 | 480,505 | 666 | - |
| Australian Dollar | Sell | 19/01/2022 | 92,257 | 92,819 | 562 | - |
| Australian Dollar | Sell | 19/01/2022 | 180,876 | 184,621 | 3,745 | 0.02 |
| Australian Dollar | Sell | 19/01/2022 | 91,457 | 93,377 | 1,920 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 90,729 | 93,704 | 2,975 | 0.02 |
| Australian Dollar | Sell | 19/01/2022 | 90,147 | 92,833 | 2,686 | 0.02 |
| Australian Dollar | Sell | 19/01/2022 | 72,394 | 74,588 | 2,194 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 72,321 | 74,711 | 2,390 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 72,103 | 74,419 | 2,316 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 72,612 | 74,978 | 2,366 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 49,184 | 50,067 | 883 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 49,548 | 50,480 | 932 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 124,925 | 127,483 | 2,558 | 0.02 |
| Australian Dollar | Sell | 19/01/2022 | 149,590 | 151,665 | 2,075 | 0.01 |
| Australian Dollar | Sell | 19/01/2022 | 8,367 | 8,305 | (62) | - |
| Australian Dollar | Sell | 19/01/2022 | 25,756 | 25,203 | (553) | - |
| British Pound | Buy | 16/03/2022 | 17,050 | 16,778 | 272 | - |
| British Pound | Buy | 16/03/2022 | 8,525 | 8,342 | 183 | - |
| British Pound | Buy | 16/03/2022 | 4,059 | 3,970 | 89 | - |
| British Pound | Sell | 16/03/2022 | 47,360 | 46,355 | (1,005) | (0.01) |
| British Pound | Sell | 16/03/2022 | 29,634 | 28,987 | (647) | - |
| Canadian Dollar | Buy | 19/01/2022 | 426,177 | 421,596 | 4,581 | 0.03 |
| Canadian Dollar | Buy | 19/01/2022 | 137,948 | 140,077 | (2,129) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 90,911 | 92,271 | (1,360) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 90,279 | 91,696 | (1,417) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 90,200 | 92,298 | (2,098) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 72,650 | 74,392 | (1,742) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 112,572 | 114,447 | (1,875) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 8,459 | 8,369 | 90 | - |
| Canadian Dollar | Buy | 19/01/2022 | 16,838 | 16,848 | (10) | - |
| Canadian Dollar | Buy | 19/01/2022 | 12,016 | 11,870 | 146 | - |
| Canadian Dollar | Sell | 19/01/2022 | 426,177 | 428,653 | 2,476 | 0.02 |
| Canadian Dollar | Sell | 19/01/2022 | 8,617 | 8,667 | 50 | - |
| Canadian Dollar | Sell | 19/01/2022 | 276,687 | 281,805 | 5,118 | 0.03 |
| Canadian Dollar | Sell | 19/01/2022 | 201,112 | 204,485 | 3,373 | 0.02 |
| Canadian Dollar | Sell | 19/01/2022 | 103,007 | 101,899 | (1,108) | (0.01) |
| Canadian Dollar | Sell | 19/01/2022 | 42,452 | 42,263 | (189) | - |
| Chinese Yuan (offshore) | Buy | 16/02/2022 | 88,446 | 87,377 | 1,069 | 0.01 |
| Chinese Yuan (offshore) | Buy | 16/02/2022 | 33,524 | 33,242 | 282 | - |
| Chinese Yuan (offshore) | Sell | 16/02/2022 | 121,969 | 120,647 | (1,322) | (0.01) |
| Euro | Buy | 16/03/2022 | 8,437 | 8,368 | 69 | - |
| Euro | Buy | 16/03/2022 | 46,975 | 46,604 | 371 | - |
| Euro | Sell | 16/03/2022 | 56,325 | 55,752 | (573) | - |
| Euro | Sell | 16/03/2022 | 41,958 | 41,665 | (293) | - |
| Euro | Sell | 16/03/2022 | 25,312 | 25,235 | (77) | - |
| Euro | Sell | 16/03/2022 | 1,140 | 1,133 | (7) | - |
| Euro | Sell | 16/03/2022 | 28,960 | 28,710 | (250) | - |
| Israeli Shekel | Buy | 19/01/2022 | 38,343 | 36,971 | 1,372 | 0.01 |
| Israeli Shekel | Sell | 19/01/2022 | 35,802 | 35,898 | 96 | - |
| Japanese Yen | Buy | 16/02/2022 | 5,182,654 | 5,243,703 | (61,050) | (0.37) |
| Japanese Yen | Buy | 16/02/2022 | 147,054 | 148,270 | (1,216) | (0.01) |
| Japanese Yen | Buy | 16/02/2022 | 1,768,748 | 1,792,000 | (23,252) | (0.14) |

| Counterparty | Currency | Contract type* | Delivery date | Value USD | Aggregate face value USD | Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| State Street Bank & Trust Company  cont. Japanese Yen | Buy | 16/02/2022 | USD 8,232 | USD 8,346 | USD (114) | - |
| Japanese Yen | Buy | 16/02/2022 | 1,100 | 1,116 | (16) | - |
| Japanese Yen | Buy | 16/02/2022 | 36,894 | 37,389 | (495) | - |
| Japanese Yen | Sell | 16/02/2022 | 4,149,900 | 4,204,455 | 54,556 | 0.33 |
| Japanese Yen | Sell | 16/02/2022 | 40,305 | 40,622 | 317 | - |
| Japanese Yen | Sell | 16/02/2022 | 1,765,414 | 1,786,210 | 20,796 | 0.13 |
| Japanese Yen | Sell | 16/02/2022 | 150,387 | 152,018 | 1,631 | 0.01 |
| Japanese Yen | Sell | 16/02/2022 | 46,226 | 46,895 | 669 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 106,418 | 111,654 | (5,236) | (0.03) |
| New Zealand Dollar | Buy | 19/01/2022 | 130,112 | 134,829 | (4,717) | (0.03) |
| New Zealand Dollar | Buy | 19/01/2022 | 24,105 | 25,091 | (986) | (0.01) |
| New Zealand Dollar | Buy | 19/01/2022 | 24,310 | 25,259 | (949) | (0.01) |
| New Zealand Dollar | Buy | 19/01/2022 | 48,895 | 51,122 | (2,227) | (0.01) |
| New Zealand Dollar | Buy | 19/01/2022 | 121,483 | 126,259 | (4,776) | (0.03) |
| New Zealand Dollar | Buy | 19/01/2022 | 110,390 | 114,132 | (3,742) | (0.02) |
| New Zealand Dollar | Buy | 19/01/2022 | 24,105 | 24,744 | (639) | - |
| New Zealand Dollar | Buy | 19/01/2022 | 8,423 | 8,420 | 3 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 16,983 | 16,815 | 168 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 8,218 | 8,095 | 123 | - |
| New Zealand Dollar | Sell | 19/01/2022 | 47,936 | 48,715 | 779 | 0.01 |
| New Zealand Dollar | Sell | 19/01/2022 | 91,147 | 91,949 | 802 | 0.01 |
| New Zealand Dollar | Sell | 19/01/2022 | 24,105 | 24,674 | 569 | - |
| New Zealand Dollar | Sell | 19/01/2022 | 426,630 | 422,967 | (3,663) | (0.02) |
| New Zealand Dollar | Sell | 19/01/2022 | 33,624 | 33,163 | (461) | - |
| Swedish Krona | Buy | 16/03/2022 | 8,360 | 8,369 | (9) | - |
| Swedish Krona | Sell | 16/03/2022 | 16,986 | 17,004 | 18 | - |
| Swedish Krona | Sell | 16/03/2022 | 6,378 | 6,345 | (33) | - |
| Swedish Krona | Sell | 16/03/2022 | 1,982 | 1,969 | (13) | - |
| Swiss Franc | Sell | 16/03/2022 | 74,546 | 73,407 | (1,139) | (0.01) |
| Toronto-Dominion Bank Australian Dollar | Buy | 19/01/2022 | 152,355 | 152,582 | (227) | - |
| Australian Dollar | Buy | 19/01/2022 | 142,678 | 144,378 | (1,700) | (0.01) |
| Australian Dollar | Sell | 19/01/2022 | 295,033 | 288,686 | (6,347) | (0.04) |
| British Pound | Buy | 16/03/2022 | 36,941 | 36,130 | 811 | 0.01 |
| British Pound | Sell | 16/03/2022 | 36,941 | 36,066 | (875) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 90,832 | 92,192 | (1,360) | (0.01) |
| Canadian Dollar | Buy | 19/01/2022 | 459,617 | 454,672 | 4,945 | 0.03 |
| Canadian Dollar | Buy | 19/01/2022 | 1,897 | 1,889 | 8 | - |
| Canadian Dollar | Sell | 19/01/2022 | 72,729 | 73,145 | 416 | - |
| Canadian Dollar | Sell | 19/01/2022 | 276,608 | 281,725 | 5,117 | 0.03 |
| Canadian Dollar | Sell | 19/01/2022 | 201,112 | 204,483 | 3,371 | 0.02 |
| Canadian Dollar | Sell | 19/01/2022 | 1,897 | 1,874 | (23) | - |
| Euro | Buy | 16/03/2022 | 677,718 | 675,536 | 2,182 | 0.01 |
| Euro | Buy | 16/03/2022 | 46,975 | 46,605 | 370 | - |
| Euro | Buy | 19/01/2022 | 12,527 | 12,468 | 59 | - |
| Euro | Sell | 16/03/2022 | 46,975 | 46,570 | (405) | - |
| Japanese Yen | Buy | 16/02/2022 | 563,290 | 569,933 | (6,643) | (0.04) |
| Japanese Yen | Buy | 16/02/2022 | 46,225 | 46,841 | (616) | - |
| Japanese Yen | Sell | 16/02/2022 | 563,290 | 570,682 | 7,392 | 0.04 |
| Japanese Yen | Sell | 16/02/2022 | 46,225 | 46,893 | 668 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 208,247 | 206,471 | 1,776 | 0.01 |
| New Zealand Dollar | Sell | 19/01/2022 | 208,247 | 211,694 | 3,447 | 0.02 |
| Norwegian Krone | Buy | 16/03/2022 | 16,840 | 16,313 | 527 | - |
| Norwegian Krone | Sell | 16/03/2022 | 12,837 | 12,519 | (318) | - |
| Norwegian Krone | Sell | 16/03/2022 | 4,003 | 3,888 | (115) | - |

| Counterparty | Currency | Contract type* | Delivery date | Value USD | Aggregate face value USD | Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| UBS AG | Australian Dollar | Buy | 19/01/2022 | USD 491,116 | USD 491,777 | USD (661) | - |
|  | Australian Dollar | Buy | 19/01/2022 | 469,871 | 468,491 | 1,380 | 0.01 |
|  | Australian Dollar | Buy | 19/01/2022 | 362,698 | 363,186 | (488) | - |
|  | Australian Dollar | Sell | 19/01/2022 | 740,821 | 724,907 | (15,914) | (0.10) |
|  | Australian Dollar | Sell | 19/01/2022 | 147,917 | 144,160 | (3,757) | (0.02) |
|  | Australian Dollar | Sell | 19/01/2022 | 50,785 | 49,680 | (1,105) | (0.01) |
|  | Australian Dollar | Sell | 19/01/2022 | 179,567 | 186,013 | 6,446 | 0.04 |
|  | Australian Dollar | Sell | 19/01/2022 | 183,132 | 179,198 | (3,934) | (0.02) |
|  | Canadian Dollar | Buy | 19/01/2022 | 356,294 | 352,461 | 3,833 | 0.02 |
|  | Canadian Dollar | Buy | 19/01/2022 | 438,668 | 441,175 | (2,507) | (0.02) |
|  | Canadian Dollar | Buy | 19/01/2022 | 92,493 | 93,261 | (768) | (0.01) |
|  | Canadian Dollar | Sell | 19/01/2022 | 356,294 | 364,054 | 7,760 | 0.05 |
|  | Canadian Dollar | Sell | 19/01/2022 | 61,425 | 62,254 | 829 | 0.01 |
|  | Canadian Dollar | Sell | 19/01/2022 | 276,608 | 281,729 | 5,121 | 0.03 |
|  | Canadian Dollar | Sell | 19/01/2022 | 98,105 | 99,958 | 1,853 | 0.01 |
|  | Canadian Dollar | Sell | 19/01/2022 | 95,022 | 93,868 | (1,154) | (0.01) |
|  | Euro | Buy | 16/03/2022 | 8,437 | 8,364 | 73 | - |
|  | Euro | Buy | 19/01/2022 | 14,577 | 14,521 | 56 | - |
|  | Euro | Sell | 16/03/2022 | 8,437 | 8,410 | (27) | - |
|  | Hong Kong Dollar | Sell | 16/02/2022 | 23,561 | 23,602 | 41 | - |
|  | Japanese Yen | Buy | 16/02/2022 | 2,305,601 | 2,335,907 | (30,306) | (0.18) |
|  | Japanese Yen | Buy | 16/02/2022 | 1,100,194 | 1,112,762 | (12,568) | (0.08) |
|  | Japanese Yen | Sell | 16/02/2022 | 2,305,601 | 2,331,939 | 26,339 | 0.16 |
|  | Japanese Yen | Sell | 16/02/2022 | 150,387 | 152,020 | 1,633 | 0.01 |
|  | Japanese Yen | Sell | 16/02/2022 | 858,497 | 869,782 | 11,285 | 0.07 |
|  | Japanese Yen | Sell | 16/02/2022 | 8,190 | 8,298 | 108 | - |
|  | Japanese Yen | Sell | 16/02/2022 | 83,119 | 84,229 | 1,110 | 0.01 |
|  | New Zealand Dollar | Buy | 19/01/2022 | 134,837 | 138,205 | (3,368) | (0.02) |
|  | New Zealand Dollar | Buy | 19/01/2022 | 130,112 | 134,835 | (4,723) | (0.03) |
|  | New Zealand Dollar | Buy | 19/01/2022 | 110,390 | 114,132 | (3,742) | (0.02) |
|  | New Zealand Dollar | Sell | 19/01/2022 | 313,501 | 318,751 | 5,250 | 0.03 |
|  | New Zealand Dollar | Sell | 19/01/2022 | 48,141 | 49,170 | 1,029 | 0.01 |
|  | New Zealand Dollar | Sell | 19/01/2022 | 13,696 | 13,578 | (118) | - |
| Westpac Banking Corporation Canadian Dollar | Buy | 19/01/2022 | 63,559 | 63,922 | (363) | - |
| Canadian Dollar | Sell | 19/01/2022 | 63,559 | 62,867 | (692) | - |
| Euro | Buy | 19/01/2022 | 934,075 | 929,703 | 4,372 | 0.03 |
| Japanese Yen | Buy | 16/02/2022 | 356,413 | 361,113 | (4,700) | (0.03) |
| Japanese Yen | Buy | 16/02/2022 | 25,570 | 25,907 | (337) | - |
| Japanese Yen | Sell | 16/02/2022 | 356,413 | 360,546 | 4,133 | 0.03 |
| Japanese Yen | Sell | 16/02/2022 | 25,570 | 25,866 | 296 | - |
| New Zealand Dollar | Buy | 19/01/2022 | 129,906 | 134,619 | (4,713) | (0.03) |
| New Zealand Dollar | Sell | 19/01/2022 | 19,654 | 19,981 | 327 | - |
| New Zealand Dollar | Sell | 19/01/2022 | 110,253 | 109,301 | (952) | (0.01) |
| Unrealised Appreciation on Forward Foreign Exchange Currency Contracts | USD 581,638 | 3.52 |
| Unrealised Depreciation on Forward Foreign Exchange Currency Contracts | USD (606,981) | (3.67) |
| Net Unrealised Depreciation on Forward Foreign Exchange Currency Contracts | USD (25,343) | (0.15) |
| Total Financial Assets at Fair Value through Profit or Loss | USD 15,431,321 | 93.31 |
| Total Financial Liabilities at Fair Value through Profit or Loss | USD (2,717,438) | (16.43) |
| * The exchange currency for all contracts listed is the United States Dollar. |  |  |

Analysis of Total Assets
% of Total Assets
Transferable securities admitted to official stock exchange listing	11.77
Transferable securities dealt on another regulated market	27.42
Other transferable securities of the type referred to in Regulation 68(1)(a), (b) and (c)	35.38
OTC financial derivative instruments	3.71
Exchange traded financial derivative instruments	0.39
Centrally cleared financial derivative instruments	-
Other assets	21.33
Total Assets	100.00
NON-U.S. EQUITIES (5.60%) (30 June 2021: 4.89%)	U.S. EQUITIES (93.01%) (30 June 2021: 93.56%) 
cont
.	
Number of
Shares
Building Materials (1.78%)
Value USD
% of Fund
Number of
Shares
Internet (19.89%) 
cont
Value USD
% of Fund
	9,605 Johnson Controls International PLC (Ireland)  USD 780,982	1.78	1,245 Palo Alto Networks Incorporated	USD 693,166	1.58
|  | 780,982 | 1.78 | 16,566 Uber Technologies Incorporated | 694,612 | 1.58 |
| --- | --- | --- | --- | --- | --- |
| Computers (2.20%) |  |  |  | 8,733,187 | 19.89 |

2,332 Accenture PLC (Ireland)	966,731 2.20
966,731  2.20
Consumer Services (-%)
2 HC Brillant Services GmbH (Germany) (F)	-	-
-	-
Entertainment (0.76%)
11,825 Universal Music Group NV (Netherlands)	333,607  0.76
333,607  0.76
Machinery (1.79%)
1,708 Deere & Company	585,656	1.33
3,298 Ingersoll Rand Incorporated	204,047  0.46
789,703	1.79
Media (0.63%)
1,793 Walt Disney Company	277,718 0.63
277,718  0.63
Medical Technology (2.60%)
| Health-Care Services (0.86%)	2,237 Danaher Corporation	735,995 | 1.68 |
| --- | --- |
| 452 Lonza Group AG (Switzerland) | 377,791 | 0.86 |  | 615 IDEXX Laboratories Incorporated | 404,953 | 0.92 |
|  | 377,791 | 0.86 |  |  | 1,140,948 | 2.60 |
| Total Non-U.S. Equities	USD 2,459,111 | 5.60	Pharmaceuticals (1.83%) |

U.S. EQUITIES (93.01%) (30 June 2021: 93.56%)
Number of
Shares
Value USD
% of Fund
| 742 DexCom Incorporated	398,417 | 0.91 |
| --- | --- |
| 1,474 Eli Lilly & Company	407,148 | 0.92 |
| 805,565 | 1.83 |
| 2,106 American Tower Corporation	616,005 | 1.40 |
| 616,005 | 1.40 |
| Retail (6.49%) 228 Chipotle Mexican Grill Incorporated | 398,601 | 0.91 |
| 373 Costco Wholesale Corporation | 211,752 | 0.48 |
| 1,379 Home Depot Incorporated | 572,299 | 1.30 |
| 1,216 Lululemon Athletica Incorporated | 476,003 | 1.08 |
| 684 O'Reilly Automotive Incorporated | 483,061 | 1.10 |
| 9,327 TJX Companies Incorporated	708,106	1.62 |
| 2,849,822 | 6.49 |

Real Estate (1.40%)
| Apparel (1.80%) 4,734 NIKE Incorporated	USD 789,016 | 1.80 |
| --- | --- |
| 789,016 | 1.80 |
| 1,517 Tesla Incorporated	1,603,135 | 3.65 |
| 1,603,135 Biotechnology (0.89%) 618 Regeneron Pharmaceuticals Incorporated	390,279 | 3.65 0.89 |
| 390,279 | 0.89 |
| 1,402 Sherwin-Williams Company	493,728 | 1.12 |

Automotive (3.65%)
Chemicals (1.12%)
| 493,728	1.12 Commercial Services (2.15%) | Semiconductors (6.63%) 3,945 Advanced Micro Devices Incorporated | 567,686 | 1.29 |
| --- | --- | --- | --- |
| 468 Block Incorporated	75,587 | 0.17 |  | 7,093 Marvell Technology Incorporated | 620,567 | 1.41 |
| 4,603 PayPal Holdings Incorporated	868,034 | 1.98 |  | 5,856 NVIDIA Corporation | 1,722,308 | 3.93 |
| 943,621 | 2.15	2,910,561  6.63 |
| Computers (9.13%) 22,571 Apple Incorporated	4,007,932 | 9.13 |  | Software (18.90%) 1,796 Adobe Incorporated | 1,018,440 | 2.33 |
| 4,007,932 | 9.13 |  | 4,346 Cadence Design Systems Incorporated | 809,877 | 1.84 |
| Cosmetics/Personal Care (1.24%)	1,477 DocuSign Incorporated	224,962 | 0.51 |
| 1,471 Estee Lauder Companies Incorporated | 544,564 | 1.24 |  | 1,488 Intuit Incorporated | 957,111 | 2.18 |
|  | 544,564 | 1.24 |  | 12,706 Microsoft Corporation | 4,273,282 | 9.73 |
| Diversified Financial Services (4.67%) |  |  |  | 2,345 salesforce.com Incorporated | 595,935 | 1.36 |
| 3,067 Mastercard Incorporated | 1,102,034 | 2.51 |  | 645 ServiceNow Incorporated | 418,676 | 0.95 |

4,383 Visa Incorporated	949,840	2.16
2,051,874  4.67
Transportation (1.83%)
8,298,283 18.90
Entertainment (1.34%)	3,198 Union Pacific Corporation	805,672	1.83
| 7,056 DraftKings Incorporated | 193,828 | 0.44 |  | 805,672 | 1.83 |
| --- | --- | --- | --- | --- | --- |
| 3,285 Live Nation Entertainment Incorporated | 393,182 | 0.90 | Total U.S. Equities | USD 40,847,363 | 93.01 |
|  | 587,010 | 1.34 |  |  |  |
| Health-Care Services (5.03%) |  |  |  |  |  |
| 3,092 HCA Healthcare Incorporated | 794,397 | 1.81 |  |
| 2,192 IQVIA Holdings Incorporated | 618,451 | 1.41 |  |
| 1,585 UnitedHealth Group Incorporated | 795,892 | 1.81 |  |
|  | 2,208,740 | 5.03 |  |
| Internet (19.89%) |  |  |  |  |  |
| 2,075 Airbnb Incorporated	345,467 | 0.79 |  |
| 876 Alphabet Incorporated | 2,534,785 | 5.77 |  |
| 897 Amazon.com Incorporated | 2,990,904 | 6.81 |  |
| 3,878 Meta Platforms Incorporated | 1,304,365 | 2.97 |  |
| 282 Netflix Incorporated	169,888 | 0.39 |  |

WARRANTS (-%) (30 June 2021: -%)
U.S. TREASURY OBLIGATIONS (1.59%) (30 June 2021: 1.15%)
| Principal | Yield | Maturity | Value | % of |
| --- | --- | --- | --- | --- |
| Amount | (%) | Dates | USD | Fund |
| USD 500,000 United States Treasury Bill | 0.04 | 17/02/2022 | USD 499,971 | 1.13 |
| 200,000 United States Treasury Bill | 0.06 | 19/05/2022 | 199,952 | 0.46 |
| Total U.S. Treasury Obligations |  |  | USD 699,923 | 1.59 |

(F) This security is valued by the Investment Advisor at fair value. Securities may be classified as Level 2 or Level 3 for Financial Reporting Standard 102 (“FRS 102”), “Fair Value: Disclosure”, based on the securities' valuation inputs.
PURCHASED EQUITY OPTIONS OUTSTANDING (-%) (30 June 2021: 0.25%)
WRITTEN EQUITY OPTIONS OUTSTANDING (-%) (30 June 2021: -0.05%)
Total Value of Investments excluding financial derivative instruments	USD 44,006,397	100.20
FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS (0.21%) (30 June 2021: -1.49%)
| Counterparty | Currency | Contract Type* | Delivery date | Value USD | Aggregate face value USD | Unrealised Appreciation/ (Depreciation) USD | % of Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Bank of America, N.A. |  |  |  |  |  |  |  |
|  | Euro | Sell | 19/01/2022 | USD 382,650 | USD 378,846 | USD (3,804) | (0.01) |
| Goldman Sachs International |  |  |  |  |  |  |  |
|  | Euro | Buy | 19/01/2022 | 373,767 | 372,215 | 1,552 | - |
| JPMorgan Chase Bank, N.A. |  |  |  |  |  |  |  |
|  | Euro | Buy | 19/01/2022 | 430,025 | 427,928 | 2,097 | - |
| Morgan Stanley & Co. International PLC |  |  |  |  |  |  |  |
|  | Euro | Buy | 19/01/2022 | 474,326 | 472,112 | 2,214 | 0.01 |
| State Street Bank & Trust Company |  |  |  |  |  |  |  |
|  | Euro | Buy | 19/01/2022 | 5,050,293 | 5,026,167 | 24,127 | 0.05 |
|  | Euro | Buy | 19/01/2022 | 491,523 | 489,173 | 2,350 | 0.01 |
|  | Euro | Sell | 16/03/2022 | 375,801 | 374,128 | (1,673) | - |
|  | Euro | Sell | 19/01/2022 | 466,241 | 461,992 | (4,248) | (0.01) |
|  | Euro | Sell | 19/01/2022 | 444,944 | 442,826 | (2,118) | (0.01) |
|  | Euro | Sell | 19/01/2022 | 559,284 | 553,575 | (5,708) | (0.01) |
| Toronto Dominion Bank |  |  |  |  |  |  |  |
|  | Euro | Buy | 19/01/2022 | 853,560 | 849,516 | 4,044 | 0.01 |
| UBS AG |  |  |  |  |  |  |  |
|  | Euro | Buy | 19/01/2022 | 665,309 | 662,733 | 2,576 | 0.01 |
| Westpac Banking Corporation |  |  |  |  |  |  |  |
|  | Euro | Buy | 19/01/2022 | 15,593,091 | 15,520,105 | 72,987 | 0.16 |
| Unrealised Appreciation on Forward Foreign Exchange Currency Contracts | USD 111,947 | 0.25 |
| Unrealised Depreciation on Forward Foreign Exchange Currency Contracts | USD (17,551) | (0.04) |
| Net Unrealised Appreciation on Forward Foreign Exchange Currency Contracts | USD 94,396 | 0.21 |
| Total Financial Assets at Fair Value through Profit or Loss | USD 44,118,344 | 100.45 |
| Total Financial Liabilities at Fair Value through Profit or Loss | USD (17,551) | (0.04) |
| Analysis of Total Assets |  | % of Total Assets |
| Transferable securities admitted to official stock exchange listing |  | 96.53 |
| Other transferable securities of the type referred to in Regulation 68(1)(a), (b) and (c) |  | 1.11 |
| Transferable securities dealt on another regulated market |  | 0.45 |
| OTC financial derivative instruments |  | 0.25 |
| Other assets |  | 1.66 |
| Total Assets |  | 100.00 |


## Schedule of Investments 31 December 2021
U.S. GOVERNMENT AGENCY OBLIGATIONS (-%) (30 June 2021: 0.60%)
MORTGAGE-BACKED SECURITIES (9.25%) (30 June 2021: 10.31%)
Principal Amount
Commercial Mortgage-Backed Securities (7.89%)
Coupon
Rate
Maturity Dates
Value USD
% of Fund
USD 1,647,227 Ally Auto Receivables Trust 2018-3 (Class A4)	3.12	17/07/2023	USD 1,648,984	0.16
1,824,159 Ameriquest Mortgage Securities Incorporated Asset Backed Pass-Through
Certificates Series 2004-R1 (Class M1)	0.90	25/02/2034	1,824,052	0.18
| 399,172 Ameriquest Mortgage Securities Incorporated Asset Backed Pass-Through Certificates Series 2005-R11 (Class M2) | 0.81 | 25/01/2036 | 399,031 | 0.04 |
| --- | --- | --- | --- | --- |
| 1,810,668 Asset-Backed Pass-Through Certificates Series 2004-R5 (Class M1) | 0.97 | 25/07/2034 | 1,810,668 | 0.18 |
| 5,150,000 Capital One Multi-Asset Execution Trust (Class A2) | 0.52 | 15/01/2025 | 5,154,067 | 0.50 |
| 690,554 CarMax Auto Owner Trust 2018-1 (Class A4) | 2.64 | 15/06/2023 | 692,585 | 0.07 |
| 284,670 Carmax Auto Owner Trust 2018-3 (Class A3) | 3.13 | 15/06/2023 | 285,421 | 0.03 |
| 454,253 Carmax Auto Owner Trust 2018-4 (Class A3) | 3.36 | 15/09/2023 | 457,411 | 0.04 |
| 91,537 Carrington Mortgage Loan Trust Series 2006-RFC1 (Class A4) | 0.58 | 25/03/2036 | 91,329 | 0.01 |
| 1,000,466 C-BASS Mortgage Loan Asset-Backed Certificates Series 2005-CB7 (Class M1) | 0.71 | 25/11/2035 | 997,405 | 0.10 |
| 803,608 Centex Home Equity Loan Trust 2005-A (Class M1) | 0.82 | 25/01/2035 | 804,083 | 0.08 |
| 3,000,000 Citibank Credit Card Issuance Trust (Class A7) | 0.47 | 08/08/2024 | 3,005,323 | 0.28 |
| 1,126,318 Citigroup Mortgage Loan Trust Incorporated (Class M4) | 0.85 | 25/01/2036 | 1,126,247 | 0.11 |
| 16,634 Countrywide Asset-Backed Certificates (Class M3) | 0.85 | 25/01/2036 | 16,634 | - |
| 152,969 CWABS Asset-Backed Certificates Trust 2004-10 (Class MV3) | 1.22 | 25/12/2034 | 153,102 | 0.01 |
| 17,085 CWABS Asset-Backed Certificates Trust 2004-AB2 (Class M2) | 0.96 | 25/05/2036 | 17,085 | - |
| 379,231 Encore Credit Receivables Trust 2005-4 (Class M3) | 0.81 | 25/01/2036 | 379,280 | 0.04 |
| 99,131 EquiFirst Mortgage Loan Trust 2005-1 (Class M3) | 0.82 | 25/04/2035 | 99,099 | 0.01 |
| 171,102 First Franklin Mortgage Loan Trust 2004-FF7 (Class M1) | 0.97 | 25/09/2034 | 170,469 | 0.02 |
| 45,137 First Franklin Mortgage Loan Trust 2005-FF9 (Class A4) | 0.82 | 25/10/2035 | 45,118 | - |
| 707,248 First Franklin Mortgage Loan Trust 2006-FF3 (Class A2C) | 0.68 | 25/02/2036 | 707,204 | 0.07 |
| 80,691 First Franklin Mortgage Loan Trust Series 2005-FF12 (Class M1) | 0.78 | 25/11/2036 | 80,564 | 0.01 |
| 4,950,000 Ford Credit Auto Owner Trust 2018-REV2 (Class A) | 3.47 | 15/01/2030 | 5,143,373 | 0.50 |
| 220,738 GM Financial Consumer Automobile Receivables Trust 2018-3 (Class A3) | 3.02 | 16/05/2023 | 221,232 | 0.02 |
| 4,377,000 GM Financial Consumer Automobile Receivables Trust 2018-3 (Class A4) | 3.16 | 16/01/2024 | 4,418,168 | 0.43 |
| 694,075 GM Financial Consumer Automobile Receivables Trust 2018-4 (Class A3) | 3.21 | 16/10/2023 | 697,921 | 0.07 |
| 4,750,000 Golden Credit Card Trust (Class A)	3.44 | 15/08/2025 | 4,944,230 | 0.48 |
| 188,647 GSAA Home Equity Trust 2005-8 (Class A3)	0.96 | 25/06/2035 | 188,647 | 0.02 |
| 5,044,613 GSAA Trust (Class 2A4)	0.72 | 25/12/2035 | 5,062,169 | 0.48 |
| 594,562 Home Equity Asset Trust 2005-6 (Class M3) | 0.88 | 25/12/2035 | 594,844 | 0.06 |
| 347,748 Home Equity Asset Trust 2006-1 (Class M2) | 0.79 | 25/04/2036 | 347,506 | 0.03 |
| 1,852,597 HSI Asset Securitization Corporation Trust 2006-OPT2 (Class M2) | 0.69 | 25/01/2036 | 1,852,359 | 0.18 |
| 761,574 HSI Asset Securitization Corporation Trust 2007-WF1 (Class 1A1) | 0.26 | 25/05/2037 | 756,055 | 0.07 |
| 60,124 HSI Asset Securitization Corporation Trust 2007-WF1 (Class 2A4) | 0.35 | 25/05/2037 | 59,906 | 0.01 |
| 2,015,000 Hyundai Auto Receivables Trust 2018-A (Class B) | 3.14 | 17/06/2024 | 2,027,048 | 0.20 |
| 1,165,448 JP Morgan Mortgage Acquisition Trust 2006-CH1 (Class M2) | 0.39 | 25/07/2036 | 1,163,268 | 0.11 |
| 784,127 JP Morgan Mortgage Acquisition Trust 2006-CH2 (Class AV5) | 0.31 | 25/10/2036 | 780,622 | 0.08 |
| 452,728 JP Morgan Mortgage Acquisition Trust 2007-CH2 (Class MV1) | 0.38 | 25/01/2037 | 451,681 | 0.04 |
| 27,538 Mastr Asset-Backed Securities Trust 2006-Fre1 (Class A4) | 0.68 | 25/12/2035 | 27,205 | - |
| 2,474,303 Morgan Stanley ABS Capital I Incorporated Trust 2006-NC1 (Class M1) | 0.67 | 25/12/2035 | 2,473,881 | 0.24 |
| 343,748 Morgan Stanley Capital I Incorporated Trust 2006-HE1 (Class A4) | 0.68 | 25/01/2036 | 339,898 | 0.03 |
| 2,137,172 New Century Home Equity Loan Trust 2005-2 (Class M3) | 0.84 | 25/06/2035 | 2,135,035 | 0.21 |
| 1,094,929 Nissan Auto Receivables 2018-A Owner Trust (Class A4) | 2.89 | 17/06/2024 | 1,100,193 | 0.11 |
| 608,121 Park Place Securities Incorporated Asset-Backed Pass-Through Certificates Series 2004-MHQ (Class M3) | 1.38 | 25/12/2034 | 608,675 | 0.05 |
| 833,676 RAMP Series 2005-EFC5 Trust (Class M3) | 0.79 | 25/10/2035 | 826,697 | 0.08 |
| 195,830 RASC Series 2004-KS10 Trust (Class M1) | 1.00 | 25/11/2034 | 195,869 | 0.02 |
| 1,697,423 RASC Series 2005-KS1 Trust (Class M2) | 1.23 | 25/02/2035 | 1,684,024 | 0.16 |
| 206,453 RASC Series 2006-KS6 Trust (Class A4) | 0.35 | 25/08/2036 | 205,279 | 0.02 |
| 396,637 RASC Series 2006-KS7 Trust (Class A4) | 0.34 | 25/09/2036 | 395,379 | 0.04 |
| 575,000 Santander Consumer Auto Receivables Trust 2020-B (Class A4) | 0.54 | 15/04/2025 | 574,526 | 0.06 |
| 3,605,322 Santander Retail Auto Lease Trust 2020-B (Class A2) | 0.42 | 20/11/2023 | 3,601,945 | 0.35 |
| 284,349 Securitized Asset Backed Receivables LLC Trust 2006-CB1 (Class AV1) | 0.58 | 25/01/2036 | 282,843 | 0.03 |
| 1,696,414 Soundview Home Loan Trust 2005-OPT3 (Class M1) | 0.81 | 25/11/2035 | 1,695,620 | 0.16 |

MORTGAGE-BACKED SECURITIES (9.25%) (30 June 2021: 10.31%) 
cont.
Principal Amount
Coupon
Rate
Maturity Dates
Value USD
% of Fund
| Commercial Mortgage-Backed Securities (7.89%)  cont. USD 1,100,839 Soundview Home Loan Trust 2006-OPT1 (Class 2A4) | 0.64 | 25/03/2036 | USD 1,099,769 | 0.11 |
| --- | --- | --- | --- | --- |
| 20,154 Structured Asset Investment Loan Trust 2005-1 (Class M2) | 0.82 | 25/02/2035 | 20,136 | - |
| 613,648 Structured Asset Investment Loan Trust 2005-HE3 (Class M1) | 0.82 | 25/09/2035 | 612,562 | 0.06 |
| 133,014 Structured Asset Securities Corporation 2005-WF1 (Class M1) | 0.76 | 25/02/2035 | 133,012 | 0.01 |
| 2,100,000 Structured Asset Securities Corporation Mortgage Loan Trust 2005-NC2 (Class M5) | 1.03 | 25/05/2035 | 2,101,446 | 0.20 |
| 121,192 Structured Asset Securities Corporation Mortgage Loan Trust 2006-WF1 (Class M4) | 0.75 | 25/02/2036 | 121,372 | 0.01 |
| 858,679 Structured Asset Securities Corporation Mortgage Loan Trust 2006-WF3 (Class M1) | 0.35 | 25/09/2036 | 856,466 | 0.08 |
| 975,085 Towd Point Mortgage Trust 2017-3 (Class A1) | 2.75 | 25/07/2057 | 985,314 | 0.10 |
| 505,406 Towd Point Mortgage Trust 2018-1 (Class A1) | 3.00 | 25/01/2058 | 511,784 | 0.05 |
| 186,928 Toyota Auto Receivables 2018-C Owner Trust (Class A3) | 3.02 | 15/12/2022 | 187,145 | 0.02 |
| 650,000 Toyota Auto Receivables 2018-C Owner Trust (Class A4) | 3.13 | 15/02/2024 | 657,224 | 0.06 |
| 2,800,000 Toyota Auto Receivables 2018-D Owner Trust (Class A4) | 3.30 | 15/02/2024 | 2,847,805 | 0.28 |
| 1,100,000 Toyota Auto Receivables 2021-C Owner Trust (Class A2) | 0.20 | 15/05/2024 | 1,097,735 | 0.11 |
| 85,604 Wells Fargo Home Equity Asset-Backed Securities 2005-2 Trust (Class M6) | 1.11 | 25/11/2035 | 85,586 | 0.01 |
| 13,587 World Omni Auto Receivables Trust 2018-A (Class A3) | 2.50 | 17/04/2023 | 13,593 | - |
| 195,720 World Omni Auto Receivables Trust 2018-C (Class A3) | 3.13 | 15/11/2023 | 196,750 | 0.02 |
| 2,200,000 World Omni Auto Receivables Trust 2018-C (Class A4) | 3.27 | 16/09/2024 | 2,235,564 | 0.22 |
| 2,725,000 World Omni Auto Receivables Trust 2018-D (Class A4) | 3.44 | 16/12/2024 | 2,801,627 | 0.27 |
|  |  |  | 81,386,149 | 7.89 |
| Residential Mortgage-Backed Securities (non-agency) (1.36%) |  |  |  |  |
| 199,675 Angel Oak Mortgage Trust I LLC 2018-3 (Class A1) | 3.65 | 25/09/2048 | 199,588 | 0.02 |
| 1,185,054 Angel Oak Mortgage Trust I LLC 2019-4 (Class A1) | 2.99 | 26/07/2049 | 1,185,291 | 0.11 |
| 195,464 Bellemeade Re 2018-1 Limited (Class M1B) | 1.70 | 25/04/2028 | 196,142 | 0.02 |
| 177,853 COLT 2020-1R Mortgage Loan Trust (Class A1) | 1.26 | 25/09/2065 | 177,194 | 0.02 |
| 19,235 Fannie Mae Connecticut Avenue Securities (Class 1M2A) | 4.35 | 25/01/2029 | 19,308 | - |
| 213,630 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 3.00 | 25/07/2024 | 216,899 | 0.02 |
| 64,576 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 2.70 | 25/05/2024 | 65,584 | 0.01 |
| 1,444,307 Freddie Mac Structured Agency Credit Risk Debt Notes (Class M2AR) | 0.85 | 25/03/2030 | 1,437,903 | 0.14 |
| 708,848 Freddie Mac Structured Agency Credit Risk Debt Notes (Class M2AS) | 1.15 | 25/12/2029 | 708,722 | 0.07 |
| 186,492 Freddie Mac Structured Agency Credit Risk Debt Notes (Class M3) | 3.90 | 25/03/2029 | 192,253 | 0.02 |
| 17,835 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class M1) | 0.85 | 25/10/2048 | 17,835 | - |
| 11,109 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class M1) | 0.90 | 25/12/2030 | 11,109 | - |
| 2,895,393 FWD Securitization Trust 2019-INV1 (Class A1) | 2.81 | 25/06/2049 | 2,927,880 | 0.28 |
| 530,617 FWD Securitization Trust 2020-INV1 (Class A1) | 2.24 | 25/01/2050 | 534,597 | 0.05 |
| 145,008 Home Re 2018-1 Limited (Class M1) | 1.70 | 25/10/2028 | 145,008 | 0.01 |
| 129,630 HomeBanc Mortgage Trust 2005-4 (Class A1) | 0.64 | 25/10/2035 | 129,497 | 0.01 |
| 46,891 JP Morgan Resecuritization Trust Series 2014-1 (Class 7A1) | 3.00 | 26/06/2035 | 46,889 | - |
| 801,088 Merrill Lynch Mortgage Investors Trust Series 2005-A8 (Class A2A) | 0.64 | 25/08/2036 | 800,180 | 0.08 |
| 1,820,965 New Residential Mortgage Loan Trust 2018-4 (Class A1S) | 0.85 | 25/01/2048 | 1,818,568 | 0.18 |
| 826,239 OBX 2020-EXP2 Trust (Class A3) | 2.50 | 25/05/2060 | 828,335 | 0.08 |
| 590 STACR Trust 2018-DNA3 (Class M1) | 0.85 | 25/09/2048 | 590 | - |
| 399,549 STACR Trust 2018-HRP2 (Class M2) | 1.35 | 25/02/2047 | 400,194 | 0.04 |
| 406,137 Verus Securitization Trust 2019-3 (Class A1) | 2.78 | 25/07/2059 | 407,513 | 0.04 |
| 1,219,244 Verus Securitization Trust 2019-INV3 (Class A1) | 2.69 | 25/11/2059 | 1,232,821 | 0.12 |
| 367,394 WaMu Mortgage Pass-Through Certificates Series 2005-AR11 Trust (Class A1A) | 0.74 | 25/08/2045 | 366,975 | 0.04 |
|  |  |  | 14,066,875 | 1.36 |
| Total Mortgage-Backed Securities |  |  | USD 95,453,024 | 9.25 |
| REPURCHASE AGREEMENTS (0.76%) (30 June 2021: -%) |  |  |  |  |
| Principal | Effective | Maturity | Value | % of |
| Amount | Yield | Date | USD | Fund |
| USD 7,809,000 Repurchase Agreement - Barclays Capital Incorporated* | 0.04 | 03/01/2022 | USD 7,809,000 | 0.76 |
| Total Repurchase Agreements |  |  | USD 7,809,000 | 0.76 |

*Interest in USD25,000,000 bulk repurchase agreement dated 31 December 2021 with Barclays Capital Incorporated due 3 January 2022 - maturity value of USD7,809,026 for an effective yield of 0.040% (collateralized by U.S. Treasuries (including strips) with a coupon rate of 3.375% and a due date of 15 November 2048, valued at USD25,500,000).
NON-U.S. CORPORATE BONDS AND NOTES (30.99%) (30 June 2021: 24.92%)
| Principal Amount | Coupon Rate | Maturity Dates | Value USD | % of Fund |
| --- | --- | --- | --- | --- |
| Banking (28.18%) USD 820,000 Australia & New Zealand Banking Group Limited (Australia) | 0.65 | 21/11/2022 | USD 822,908 | 0.08 |
| 1,800,000 Banco Bilbao Vizcaya Argentaria SA (Spain) | 0.88 | 18/09/2023 | 1,792,759 | 0.17 |
| 3,096,000 Banco Santander SA (Spain) | 1.24 | 12/04/2023 | 3,127,951 | 0.30 |
| 1,800,000 Banco Santander SA (Spain) | 1.25 | 23/02/2023 | 1,815,324 | 0.18 |
| 3,450,000 Banco Santander SA (Spain) | 1.68 | 11/04/2022 | 3,460,985 | 0.34 |
| 1,480,000 Banco Santander SA (Spain) | 3.50 | 11/04/2022 | 1,491,274 | 0.14 |
| 2,305,000 Bank of Montreal (Canada) | 0.37 | 09/07/2024 | 2,302,081 | 0.22 |
| 1,962,000 Bank of Montreal (Canada) | 0.32 | 14/04/2023 | 1,960,305 | 0.19 |
| 4,534,000 Bank of Montreal (Canada) | 0.79 | 26/03/2022 | 4,538,505 | 0.44 |
| 3,300,000 Bank of Nova Scotia (Canada) | 0.43 | 31/07/2024 | 3,299,967 | 0.32 |
| 1,000,000 Bank of Nova Scotia (Canada) | 0.49 | 15/04/2024 | 1,002,230 | 0.10 |
| 2,070,000 Bank of Nova Scotia (Canada) | 0.31 | 15/09/2023 | 2,067,293 | 0.20 |
| 4,300,000 Bank of Nova Scotia (Canada) | 0.33 | 23/06/2023 | 4,298,277 | 0.42 |
| 2,077,000 Bank of Nova Scotia (Canada) | 1.63 | 01/05/2023 | 2,100,339 | 0.20 |
| 4,625,000 Banque Federative du Credit Mutuel SA (France) | 0.46 | 04/02/2025 | 4,622,734 | 0.45 |
| 2,808,000 Banque Federative du Credit Mutuel SA (France) | 0.65 | 27/02/2024 | 2,773,176 | 0.27 |
| 760,000 Banque Federative du Credit Mutuel SA (France) | 1.09 | 20/07/2023 | 768,976 | 0.07 |
| 1,445,000 Banque Federative du Credit Mutuel SA (France) | 2.13 | 21/11/2022 | 1,465,044 | 0.14 |
| 1,119,000 Barclays PLC (United Kingdom) | 1.54 | 16/05/2024 | 1,132,920 | 0.11 |
| 1,000,000 Barclays PLC (United Kingdom) | 1.59 | 15/02/2023 | 1,001,174 | 0.10 |
| 3,854,000 Barclays PLC (United Kingdom) | 4.61 | 15/02/2023 | 3,870,483 | 0.38 |
| 6,362,000 Barclays PLC (United Kingdom) | 1.75 | 10/01/2023 | 6,363,364 | 0.62 |
| 8,398,000 BNP Paribas SA (France) | 2.95 | 23/05/2022 | 8,479,314 | 0.81 |
| 4,220,000 BPCE SA (France) | 1.44 | 12/09/2023 | 4,277,347 | 0.41 |
| 500,000 BPCE SA (France) | 1.05 | 31/05/2022 | 501,305 | 0.05 |
| 2,165,000 BPCE SA (France) | 1.38 | 22/05/2022 | 2,173,678 | 0.21 |
| 1,600,000 BPCE SA (France) | 0.43 | 14/01/2022 | 1,600,086 | 0.16 |
| 2,604,000 Canadian Imperial Bank of Commerce (Canada) | 0.47 | 18/10/2024 | 2,596,653 | 0.25 |
| 778,000 Canadian Imperial Bank of Commerce (Canada) | 0.86 | 13/09/2023 | 783,875 | 0.08 |
| 2,545,000 Canadian Imperial Bank of Commerce (Canada) | 0.39 | 22/06/2023 | 2,545,752 | 0.25 |
| 6,306,000 Canadian Imperial Bank of Commerce (Canada) | 0.85 | 17/03/2023 | 6,338,450 | 0.61 |
| 410,000 Canadian Imperial Bank of Commerce (Canada) | 0.93 | 16/06/2022 | 411,181 | 0.04 |
| 4,000,000 Cooperatieve Rabobank UA (Netherlands) | 0.35 | 12/01/2024 | 3,997,305 | 0.39 |
| 4,092,000 Cooperatieve Rabobank UA (Netherlands) | 1.08 | 26/09/2023 | 4,124,517 | 0.40 |
| 2,354,000 Cooperatieve Rabobank UA (Netherlands) | 0.95 | 10/01/2022 | 2,354,298 | 0.23 |
| 6,112,000 Credit Agricole SA (France) | 1.14 | 24/04/2023 | 6,176,787 | 0.60 |
| 825,000 Credit Agricole SA (France) | 1.55 | 10/01/2022 | 825,146 | 0.08 |
| 1,500,000 Credit Suisse AG (Switzerland) | 0.44 | 02/02/2024 | 1,496,826 | 0.15 |
| 1,655,000 Credit Suisse AG (Switzerland) | 0.43 | 09/08/2023 | 1,654,998 | 0.16 |
| 1,750,000 Credit Suisse AG (Switzerland) | 0.30 | 19/07/2022 | 1,750,477 | 0.17 |
| 6,863,000 Credit Suisse Group AG (Switzerland) | 1.44 | 12/06/2024 | 6,936,571 | 0.67 |
| 1,342,000 Credit Suisse Group Funding Guernsey Limited (Guernsey) | 3.80 | 15/09/2022 | 1,370,957 | 0.13 |
| 3,252,000 Danske Bank A/S (Denmark) | 5.00 | 12/01/2022 | 3,254,881 | 0.32 |
| 2,268,000 Deutsche Bank AG (Germany) | 0.55 | 08/11/2023 | 2,265,602 | 0.22 |
| 2,324,000 Deutsche Bank AG (Germany) | 1.41 | 27/02/2023 | 2,335,835 | 0.23 |
| 1,100,000 Deutsche Bank AG (Germany) | 3.30 | 16/11/2022 | 1,122,793 | 0.11 |
| 3,275,000 DNB Bank ASA (Norway) | 0.79 | 02/12/2022 | 3,288,000 | 0.32 |
| 3,010,000 Federation des Caisses Desjardins du Quebec (Canada) | 0.48 | 21/05/2024 | 3,013,469 | 0.29 |
| 858,000 HSBC Holdings PLC (United Kingdom) | 1.63 | 05/01/2022 | 858,031 | 0.08 |
| 6,534,000 ING Groep NV (Netherlands) | 1.21 | 02/10/2023 | 6,616,280 | 0.64 |
| 1,050,000 ING Groep NV (Netherlands) | 1.37 | 29/03/2022 | 1,052,455 | 0.10 |
| 1,522,000 ING Groep NV (Netherlands) | 3.15 | 29/03/2022 | 1,531,949 | 0.15 |
| 4,687,000 Intesa Sanpaolo SpA (Italy) | 3.13 | 14/07/2022 | 4,740,361 | 0.46 |
| 2,345,000 Lloyds Banking Group PLC (United Kingdom) | 0.70 | 11/05/2024 | 2,335,697 | 0.23 |

NON-U.S. CORPORATE BONDS AND NOTES (30.99%) (30 June 2021: 24.92%) 
cont.
Principal Amount
Coupon
Rate
Maturity Dates
Value USD
% of Fund
| Banking (28.18%)  cont. USD 736,000 Lloyds Banking Group PLC (United Kingdom) | 2.91 | 07/11/2023 | USD 747,860 | 0.07 |
| --- | --- | --- | --- | --- |
| 1,642,000 Lloyds Banking Group PLC (United Kingdom) | 1.33 | 15/06/2023 | 1,644,758 | 0.16 |
| 4,241,000 Lloyds Banking Group PLC (United Kingdom) | 2.86 | 17/03/2023 | 4,257,425 | 0.41 |
| 3,690,000 Macquarie Group Limited (Australia) | 1.57 | 27/03/2024 | 3,729,686 | 0.36 |
| 4,393,000 Macquarie Group Limited (Australia) | 1.20 | 28/11/2023 | 4,421,106 | 0.43 |
| 2,798,000 Mitsubishi UFJ Financial Group Incorporated (Japan) | 0.98 | 26/07/2023 | 2,822,274 | 0.27 |
| 3,669,000 Mitsubishi UFJ Financial Group Incorporated (Japan) | 0.91 | 02/03/2023 | 3,687,397 | 0.36 |
| 628,000 Mitsubishi UFJ Financial Group Incorporated (Japan) | 0.91 | 25/07/2022 | 630,474 | 0.06 |
| 1,313,000 Mitsubishi UFJ Financial Group Incorporated (Japan) | 1.08 | 22/02/2022 | 1,314,280 | 0.13 |
| 200,000 Mizuho Financial Group Incorporated (Japan) | 1.11 | 10/07/2024 | 201,715 | 0.02 |
| 760,000 Mizuho Financial Group Incorporated (Japan) | 0.81 | 25/05/2024 | 763,321 | 0.07 |
| 1,023,000 Mizuho Financial Group Incorporated (Japan) | 0.97 | 05/03/2023 | 1,029,325 | 0.10 |
| 6,470,000 Mizuho Financial Group Incorporated (Japan) | 1.08 | 11/09/2022 | 6,499,924 | 0.63 |
| 3,408,000 Mizuho Financial Group Incorporated (Japan) | 1.12 | 28/02/2022 | 3,412,341 | 0.33 |
| 3,350,000 National Australia Bank Limited (Australia) | 0.61 | 13/12/2022 | 3,359,720 | 0.33 |
| 3,500,000 National Bank of Canada (Canada) | 0.54 | 06/08/2024 | 3,507,289 | 0.34 |
| 2,750,000 National Bank of Canada (Canada) | 0.90 | 15/08/2023 | 2,752,042 | 0.27 |
| 3,733,000 NatWest Group PLC (United Kingdom) | 1.77 | 25/06/2024 | 3,791,810 | 0.37 |
| 5,045,000 NatWest Group PLC (United Kingdom) | 1.63 | 15/05/2023 | 5,066,391 | 0.49 |
| 3,455,000 NatWest Group PLC (United Kingdom) | 3.50 | 15/05/2023 | 3,485,190 | 0.34 |
| 2,015,000 Nordea Bank Abp (Finland) | 1.12 | 30/08/2023 | 2,036,419 | 0.20 |
| 4,075,000 Royal Bank of Canada (Canada) | 0.39 | 07/10/2024 | 4,075,001 | 0.39 |
| 2,500,000 Royal Bank of Canada (Canada) | 0.41 | 29/07/2024 | 2,501,300 | 0.24 |
| 3,272,000 Royal Bank of Canada (Canada) | 0.50 | 26/10/2023 | 3,282,780 | 0.32 |
| 2,950,000 Royal Bank of Canada (Canada) | 0.48 | 17/01/2023 | 2,956,211 | 0.29 |
| 2,200,000 Royal Bank of Canada (Canada) | 0.45 | 05/08/2022 | 2,202,015 | 0.21 |
| 3,043,000 Skandinaviska Enskilda Banken AB (Sweden) | 0.49 | 01/09/2023 | 3,046,440 | 0.30 |
| 3,692,000 Skandinaviska Enskilda Banken AB (Sweden) | 0.55 | 01/09/2023 | 3,669,313 | 0.36 |
| 2,100,000 Skandinaviska Enskilda Banken AB (Sweden) | 0.85 | 12/12/2022 | 2,110,153 | 0.20 |
| 2,003,000 Sumitomo Mitsui Financial Group Incorporated (Japan) | 0.92 | 16/10/2023 | 2,021,394 | 0.20 |
| 1,000,000 Sumitomo Mitsui Financial Group Incorporated (Japan) | 2.78 | 18/10/2022 | 1,017,221 | 0.10 |
| 2,998,000 Sumitomo Mitsui Financial Group Incorporated (Japan) | 0.90 | 12/07/2022 | 3,007,714 | 0.29 |
| 2,080,000 Sumitomo Mitsui Financial Group Incorporated (Japan) | 1.09 | 11/01/2022 | 2,080,437 | 0.20 |
| 2,565,000 Sumitomo Mitsui Trust Bank Limited (Japan) | 0.49 | 16/09/2024 | 2,562,897 | 0.25 |
| 4,343,000 Sumitomo Mitsui Trust Bank Limited (Japan) | 0.80 | 12/09/2023 | 4,327,483 | 0.42 |
| 672,000 Swedbank AB (Sweden) | 0.60 | 25/09/2023 | 668,087 | 0.06 |
| 1,300,000 Swedbank AB (Sweden) | 1.30 | 02/06/2023 | 1,307,315 | 0.13 |
| 1,390,000 Swedbank AB (Sweden) | 0.90 | 14/03/2022 | 1,391,529 | 0.13 |
| 3,180,000 Toronto-Dominion Bank (Canada) | 0.40 | 10/09/2024 | 3,182,576 | 0.31 |
| 1,474,000 Toronto-Dominion Bank (Canada) | 0.45 | 11/09/2023 | 1,464,940 | 0.14 |
| 2,705,000 Toronto-Dominion Bank (Canada) | 0.53 | 27/01/2023 | 2,712,336 | 0.26 |
| 3,000,000 Toronto-Dominion Bank (Canada) | 0.48 | 22/07/2022 | 2,989,230 | 0.29 |
| 2,500,000 UBS AG (Switzerland) | 0.41 | 09/02/2024 | 2,496,193 | 0.24 |
| 390,000 UBS AG (Switzerland) | 1.75 | 21/04/2022 | 391,226 | 0.04 |
| 4,870,000 UBS Group AG (Switzerland) | 1.11 | 15/08/2023 | 4,891,322 | 0.46 |
| 3,070,000 UBS Group AG (Switzerland) | 2.86 | 15/08/2023 | 3,105,127 | 0.30 |
| 1,122,000 UBS Group AG (Switzerland) | 1.38 | 23/05/2023 | 1,126,520 | 0.11 |
| 1,420,000 UBS Group AG (Switzerland) | 1.66 | 01/02/2022 | 1,421,370 | 0.14 |
| 5,070,000 UniCredit SpA (Italy) | 3.75 | 12/04/2022 | 5,108,334 | 0.50 |
| 400,000 UniCredit SpA (Italy) | 4.03 | 14/01/2022 | 400,333 | 0.04 |
| 5,615,000 UniCredit SpA (Italy) | 6.57 | 14/01/2022 | 5,623,141 | 0.54 |
| 1,438,000 Westpac Banking Corporation (Australia) | 0.35 | 18/11/2024 | 1,436,976 | 0.14 |
| 2,700,000 Westpac Banking Corporation (Australia) | 0.51 | 13/01/2023 | 2,710,282 | 0.26 |
| 1,440,000 Westpac Banking Corporation (Australia) | 0.97 | 11/01/2022 | 1,439,948 | 0.14 |
|  |  |  | 290,776,836 | 28.18 |

| NON-U.S. CORPORATE BONDS AND NOTES (30.99%) (30 June 2021: 24.92%)  cont. |  |  |  |  |
| --- | --- | --- | --- | --- |
| Principal | Coupon | Maturity | Value | % of |
| Amount | Rate | Dates | USD | Fund |
| Chemicals (0.16%) |  |  |  |  |
| USD 1,615,000 Nutrien Limited (Canada)	1.90 | 13/05/2023 | USD 1,635,630 | 0.16 |
|  |  | 1,635,630 | 0.16 |
| Diversified Financial Services (0.48%) |  |  |  |  |
| 3,735,000 AerCap Ireland Capital DAC (Ireland) | 0.73 | 29/09/2023 | 3,735,659 | 0.36 |
| 1,196,000 AerCap Ireland Capital DAC (Ireland) | 4.63 | 01/07/2022 | 1,219,324 | 0.12 |
|  |  |  | 4,954,983 | 0.48 |
| Food (0.21%) |  |  |  |  |
| 2,100,000 Mondelez International Holdings Netherlands BV (Netherlands)	2.13 | 19/09/2022 | 2,122,028 | 0.21 |
|  |  | 2,122,028 | 0.21 |
| Mining (0.03%) |  |  |  |  |
| 300,000 Glencore Finance Canada Limited (Canada)	4.25 | 25/10/2022 | 307,890 | 0.03 |
|  |  | 307,890 | 0.03 |
| Miscellaneous Manufacturer (0.57%) |  |  |  |  |
| 2,800,000 Siemens Financieringsmaatschappij NV (Netherlands) | 0.48 | 11/03/2024 | 2,807,104 | 0.27 |
| 3,050,000 Siemens Financieringsmaatschappij NV (Netherlands) | 0.82 | 16/03/2022 | 3,052,773 | 0.30 |
|  |  |  | 5,859,877 | 0.57 |
| Oil and Natural Gas Utilities (0.22%) |  |  |  |  |
| 2,140,000 TotalEnergies Capital International SA (France)	3.75 | 10/04/2024 | 2,271,042 | 0.22 |
|  |  | 2,271,042 | 0.22 |
| Pharmaceuticals (0.27%) |  |  |  |  |
| 2,740,000 AstraZeneca PLC (United Kingdom)	0.82 | 17/08/2023 | 2,758,158 | 0.27 |
|  |  | 2,758,158 | 0.27 |
| Pipelines (0.35%) |  |  |  |  |
| 659,000 Enbridge Incorporated (Canada) | 0.55 | 04/10/2023 | 653,874 | 0.06 |
| 1,380,000 Enbridge Incorporated (Canada) | 0.45 | 17/02/2023 | 1,379,057 | 0.13 |
| 1,630,000 TransCanada PipeLines Limited (Canada) | 1.00 | 12/10/2024 | 1,615,627 | 0.16 |
|  |  |  | 3,648,558 | 0.35 |
| Savings & Loans (0.52%) |  |  |  |  |
| 5,357,000 Nationwide Building Society (United Kingdom)	3.62 | 26/04/2023 | 5,400,577 | 0.52 |
|  |  | 5,400,577 | 0.52 |
| Total Non-U.S. Corporate Bonds and Notes |  |  | USD 319,735,579 | 30.99 |
| U.S. CORPORATE BONDS AND NOTES (32.92%) (30 June 2021: 29.55%) |  |  |  |  |
| Principal | Coupon | Maturity | Value | % of |
| Amount | Rate | Dates | USD | Fund |
| Aerospace and Defense (0.59%) USD 6,108,000 L3Harris Technologies Incorporated	0.95 | 10/03/2023 | USD 6,134,879 | 0.59 |
|  |  | 6,134,879 | 0.59 |
| Automotive (2.90%) |  |  |  |  |
| 1,561,000 American Honda Finance Corporation | 0.61 | 08/09/2023 | 1,564,877 | 0.15 |
| 5,738,000 American Honda Finance Corporation | 0.52 | 10/05/2023 | 5,747,278 | 0.55 |
| 2,600,000 BMW US Capital LLC | 0.43 | 12/08/2024 | 2,606,838 | 0.25 |
| 800,000 BMW US Capital LLC | 0.58 | 01/04/2024 | 805,112 | 0.08 |
| 685,000 Daimler Finance North America LLC | 0.99 | 04/05/2023 | 690,425 | 0.07 |
| 1,000,000 Daimler Finance North America LLC | 1.06 | 15/02/2022 | 1,000,875 | 0.10 |
| 1,611,000 Daimler Trucks Finance North America LLC | 0.80 | 13/12/2024 | 1,612,144 | 0.16 |
| 1,933,000 Daimler Trucks Finance North America LLC | 0.65 | 14/12/2023 | 1,934,411 | 0.19 |
| 2,577,000 Daimler Trucks Finance North America LLC | 0.55 | 14/06/2023 | 2,580,015 | 0.25 |
| 500,000 Hyundai Capital America | 3.95 | 01/02/2022 | 501,181 | 0.05 |

U.S. CORPORATE BONDS AND NOTES (32.92%) (30 June 2021: 29.55%) 
cont.
| Principal Amount | Coupon Rate | Maturity Dates | Value USD | % of Fund |
| --- | --- | --- | --- | --- |
| Automotive (2.90%)  cont. USD 2,390,000 Toyota Motor Credit Corporation | 0.34 | 13/09/2024 | USD 2,382,876 | 0.23 |
| 4,400,000 Toyota Motor Credit Corporation | 0.38 | 11/01/2024 | 4,398,472 | 0.42 |
| 2,300,000 Toyota Motor Credit Corporation | 0.37 | 06/04/2023 | 2,299,128 | 0.22 |
| 1,500,000 Toyota Motor Credit Corporation | 0.39 | 14/10/2022 | 1,501,175 | 0.15 |
| 300,000 Volkswagen Group of America Finance LLC | 2.90 | 13/05/2022 | 302,450 | 0.03 |
|  |  |  | 29,927,257 | 2.90 |
| Banking (12.07%) 4,000,000 Bank of America Corporation | 0.59 | 28/05/2024 | 4,000,020 | 0.39 |
| 7,348,000 Bank of America Corporation | 0.97 | 05/03/2024 | 7,384,920 | 0.72 |
| 1,050,000 Bank of America Corporation | 3.00 | 20/12/2023 | 1,071,703 | 0.10 |
| 2,185,000 Bank of America Corporation | 1.29 | 20/01/2023 | 2,182,285 | 0.21 |
| 2,277,000 Bank of New York Mellon Corporation | 0.25 | 25/10/2024 | 2,269,257 | 0.22 |
| 815,000 Capital One NA | 1.28 | 30/01/2023 | 815,500 | 0.08 |
| 800,000 Capital One NA | 0.96 | 08/08/2022 | 802,177 | 0.08 |
| 2,945,000 Citigroup Incorporated | 0.72 | 01/05/2025 | 2,969,915 | 0.29 |
| 3,705,000 Citigroup Incorporated | 1.19 | 01/06/2024 | 3,743,680 | 0.36 |
| 4,296,000 Citigroup Incorporated | 1.60 | 01/09/2023 | 4,328,138 | 0.42 |
| 850,000 Citigroup Incorporated | 1.08 | 25/04/2022 | 851,464 | 0.08 |
| 2,107,000 Citizens Bank NA | 1.17 | 29/03/2023 | 2,125,991 | 0.21 |
| 1,025,000 Citizens Bank NA | 0.99 | 26/05/2022 | 1,028,219 | 0.10 |
| 3,000,000 Citizens Bank NA | 0.88 | 14/02/2022 | 3,000,385 | 0.29 |
| 1,300,000 Goldman Sachs Group Incorporated | 0.54 | 21/10/2024 | 1,295,623 | 0.13 |
| 2,815,000 Goldman Sachs Group Incorporated | 0.55 | 10/09/2024 | 2,811,205 | 0.27 |
| 4,146,000 Goldman Sachs Group Incorporated | 0.63 | 08/03/2024 | 4,145,917 | 0.40 |
| 800,000 Goldman Sachs Group Incorporated | 0.59 | 17/11/2023 | 800,072 | 0.08 |
| 600,000 Goldman Sachs Group Incorporated | 0.63 | 17/11/2023 | 598,445 | 0.06 |
| 1,281,000 Goldman Sachs Group Incorporated | 1.23 | 05/06/2023 | 1,284,453 | 0.12 |
| 3,022,000 Goldman Sachs Group Incorporated | 0.91 | 23/02/2023 | 3,034,608 | 0.29 |
| 480,000 Goldman Sachs Group Incorporated | 0.48 | 27/01/2023 | 478,139 | 0.05 |
| 560,000 Huntington Bancshares Incorporated | 4.35 | 04/02/2023 | 579,477 | 0.06 |
| 1,120,000 JPMorgan Chase & Company | 1.01 | 23/07/2024 | 1,130,258 | 0.11 |
| 5,397,000 JPMorgan Chase & Company | 0.85 | 23/04/2024 | 5,421,551 | 0.53 |
| 1,006,000 JPMorgan Chase & Company | 0.63 | 16/03/2024 | 1,007,901 | 0.10 |
| 6,688,000 JPMorgan Chase & Company | 1.35 | 24/10/2023 | 6,728,055 | 0.65 |
| 271,000 JPMorgan Chase & Company | 1.02 | 25/04/2023 | 271,600 | 0.03 |
| 2,460,000 KeyBank NA | 0.37 | 14/06/2024 | 2,458,777 | 0.24 |
| 3,250,000 KeyBank NA | 0.39 | 03/01/2024 | 3,246,708 | 0.31 |
| 1,750,000 KeyBank NA | 0.42 | 03/01/2024 | 1,743,538 | 0.17 |
| 2,950,000 KeyBank NA | 0.79 | 01/02/2022 | 2,951,297 | 0.29 |
| 4,326,000 Morgan Stanley | 1.36 | 08/05/2024 | 4,378,864 | 0.42 |
| 2,000,000 Morgan Stanley | 0.53 | 25/01/2024 | 1,993,125 | 0.19 |
| 1,500,000 Morgan Stanley | 0.56 | 10/11/2023 | 1,497,916 | 0.15 |
| 4,332,000 Morgan Stanley | 4.88 | 01/11/2022 | 4,478,034 | 0.42 |
| 3,935,000 PNC Bank NA | 0.49 | 24/02/2023 | 3,936,466 | 0.38 |
| 200,000 PNC Bank NA | 0.63 | 27/07/2022 | 200,356 | 0.02 |
| 2,505,000 PNC Bank NA | 2.88 | 29/06/2022 | 2,530,611 | 0.25 |
| 990,000 Synovus Bank | 2.29 | 10/02/2023 | 990,765 | 0.10 |
| 4,550,000 Truist Bank | 0.25 | 17/01/2024 | 4,532,055 | 0.43 |
| 1,110,000 Truist Bank | 0.78 | 09/03/2023 | 1,115,901 | 0.11 |
| 3,400,000 Truist Bank | 0.75 | 17/05/2022 | 3,405,126 | 0.33 |
| 2,315,000 Truist Financial Corporation | 0.86 | 01/04/2022 | 2,316,825 | 0.22 |
| 2,500,000 US Bank NA | 0.60 | 09/12/2022 | 2,504,348 | 0.24 |
| 5,250,000 US Bank NA | 0.60 | 23/05/2022 | 5,255,504 | 0.51 |

U.S. CORPORATE BONDS AND NOTES (32.92%) (30 June 2021: 29.55%) 
cont.
Principal
Coupon
Maturity
Value
% of
| Amount | Rate | Dates | USD | Fund |
| --- | --- | --- | --- | --- |
| Banking (12.07%)  cont. USD 5,226,000 Wells Fargo & Company | 1.36 | 31/10/2023 | USD 5,267,638 | 0.51 |
| 900,000 Wells Fargo & Company | 1.06 | 17/05/2023 | 902,759 | 0.09 |
| 2,647,000 Wells Fargo & Company | 1.23 | 24/01/2023 | 2,648,397 | 0.26 |
|  |  |  | 124,515,968 | 12.07 |
| Beverages (0.20%) |  |  |  |  |
| 2,045,000 Keurig Dr Pepper Incorporated	0.75 | 15/03/2024 | 2,026,190 | 0.20 |
|  |  | 2,026,190 | 0.20 |
| Biotechnology (0.20%) |  |  |  |  |
| 2,049,000 Gilead Sciences Incorporated	0.75 | 29/09/2023 | 2,042,074 | 0.20 |
|  |  | 2,042,074 | 0.20 |
| Chemicals (0.60%) |  |  |  |  |
| 1,750,000 Celanese US Holdings LLC | 4.63 | 15/11/2022 | 1,806,161 | 0.18 |
| 2,318,000 International Flavors & Fragrances Incorporated | 0.70 | 15/09/2022 | 2,318,117 | 0.22 |
| 1,710,000 Sherwin-Williams Company | 3.13 | 01/06/2024 | 1,784,905 | 0.17 |
| 340,000 Westlake Chemical Corporation | 0.88 | 15/08/2024 | 334,845 | 0.03 |
|  |  |  | 6,244,028 | 0.60 |
| Diversified Financial Services (3.58%) |  |  |  |  |
| 3,000,000 AIG Global Funding | 0.43 | 15/12/2023 | 2,995,900 | 0.29 |
| 3,500,000 Air Lease Corporation | 0.55 | 15/12/2022 | 3,497,600 | 0.34 |
| 2,585,000 American Express Company | 0.28 | 03/11/2023 | 2,582,603 | 0.25 |
| 1,045,000 American Express Company | 0.89 | 03/08/2023 | 1,051,792 | 0.10 |
| 465,000 American Express Company | 0.83 | 27/02/2023 | 466,477 | 0.05 |
| 540,000 American Express Company | 0.74 | 01/08/2022 | 540,957 | 0.05 |
| 826,000 American Express Company | 2.50 | 01/08/2022 | 834,506 | 0.08 |
| 1,455,000 American Express Company | 0.78 | 20/05/2022 | 1,456,837 | 0.14 |
| 2,785,000 Capital One Financial Corporation | 0.74 | 06/12/2024 | 2,784,020 | 0.27 |
| 5,013,000 Capital One Financial Corporation | 0.85 | 30/01/2023 | 5,022,982 | 0.48 |
| 1,090,000 Capital One Financial Corporation | 1.15 | 09/03/2022 | 1,090,796 | 0.11 |
| 70,000 Capital One Financial Corporation | 3.05 | 09/03/2022 | 70,183 | 0.01 |
| 4,840,000 Charles Schwab Corporation | 0.55 | 18/03/2024 | 4,856,554 | 0.46 |
| 3,500,000 Discover Financial Services | 3.85 | 21/11/2022 | 3,592,200 | 0.35 |
| 1,375,000 Discover Financial Services | 5.20 | 27/04/2022 | 1,394,830 | 0.14 |
| 250,000 International Lease Finance Corporation | 5.88 | 15/08/2022 | 257,794 | 0.02 |
| 1,639,000 Nasdaq Incorporated | 0.45 | 21/12/2022 | 1,636,610 | 0.16 |
| 2,825,000 Synchrony Financial | 2.85 | 25/07/2022 | 2,853,784 | 0.28 |
|  |  |  | 36,986,425 | 3.58 |
| Electric Utilities (2.41%) |  |  |  |  |
| 1,500,000 American Electric Power Company Incorporated | 0.61 | 01/11/2023 | 1,500,136 | 0.15 |
| 500,000 American Electric Power Company Incorporated | 0.75 | 01/11/2023 | 496,554 | 0.05 |
| 1,617,000 Dominion Energy Incorporated | 0.73 | 15/09/2023 | 1,615,556 | 0.16 |
| 1,371,000 Duke Energy Corporation | 0.30 | 10/06/2023 | 1,369,499 | 0.13 |
| 2,173,000 Duke Energy Corporation | 0.85 | 11/03/2022 | 2,174,972 | 0.21 |
| 1,400,000 Eversource Energy | 0.30 | 15/08/2023 | 1,398,812 | 0.14 |
| 1,543,000 Mississippi Power Company | 0.35 | 28/06/2024 | 1,537,261 | 0.15 |
| 3,224,000 NextEra Energy Capital Holdings Incorporated | 0.45 | 03/11/2023 | 3,224,387 | 0.30 |
| 1,300,000 NextEra Energy Capital Holdings Incorporated | 0.59 | 01/03/2023 | 1,301,965 | 0.13 |
| 6,000,000 NextEra Energy Capital Holdings Incorporated | 0.43 | 22/02/2023 | 5,989,866 | 0.57 |
| 235,000 PPL Electric Utilities Corporation | 0.38 | 24/06/2024 | 234,429 | 0.02 |
| 1,000,000 PPL Electric Utilities Corporation | 0.47 | 28/09/2023 | 997,447 | 0.10 |
| 1,953,000 Southern Company | 0.42 | 10/05/2023 | 1,948,466 | 0.19 |
| 1,111,000 Xcel Energy Incorporated	0.50 | 15/10/2023 | 1,103,511 | 0.11 |
|  |  | 24,892,861 | 2.41 |

U.S. CORPORATE BONDS AND NOTES (32.92%) (30 June 2021: 29.55%) 
cont.
Principal
Coupon
Maturity
Value
% of
| Amount | Rate | Dates | USD | Fund |
| --- | --- | --- | --- | --- |
| Food (0.53%) USD 1,000,000 Conagra Brands Incorporated | 0.50 | 11/08/2023 | USD 991,391 | 0.10 |
| 845,000 General Mills Incorporated | 1.13 | 17/10/2023 | 856,174 | 0.08 |
| 2,500,000 Mondelez International Incorporated | 0.63 | 01/07/2022 | 2,502,810 | 0.24 |
| 1,110,000 Nestle Holdings Incorporated	0.38 | 15/01/2024 | 1,096,554 | 0.11 |
|  |  | 5,446,929 | 0.53 |
| Forest Products&Paper (0.17%) |  |  |  |  |
| 1,725,000 Georgia-Pacific LLC	0.63 | 15/05/2024 | 1,702,407 | 0.17 |
|  |  | 1,702,407 | 0.17 |
| Gas (0.13%) |  |  |  |  |
| 1,300,000 Atmos Energy Corporation	0.58 | 09/03/2023 | 1,299,957 | 0.13 |
|  |  | 1,299,957 | 0.13 |
| Home Furnishings (0.12%) |  |  |  |  |
| 1,200,000 Whirlpool Corporation	4.70 | 01/06/2022 | 1,218,186 | 0.12 |
|  |  | 1,218,186 | 0.12 |
| Insurance (4.46%) |  |  |  |  |
| 2,370,000 Athene Global Funding | 0.61 | 19/08/2024 | 2,369,346 | 0.23 |
| 3,250,000 Jackson National Life Global Funding | 0.65 | 06/01/2023 | 3,259,259 | 0.32 |
| 1,308,000 Jackson National Life Global Funding | 0.95 | 27/06/2022 | 1,312,140 | 0.13 |
| 340,000 Liberty Mutual Group Incorporated | 4.95 | 01/05/2022 | 343,858 | 0.03 |
| 1,884,000 MassMutual Global Funding II | 0.32 | 21/10/2024 | 1,880,816 | 0.18 |
| 5,220,000 MassMutual Global Funding II | 0.41 | 12/04/2024 | 5,237,905 | 0.51 |
| 560,000 MassMutual Global Funding II | 2.25 | 01/07/2022 | 565,205 | 0.05 |
| 1,000,000 Met Tower Global Funding | 0.60 | 17/01/2023 | 1,003,361 | 0.10 |
| 2,000,000 Met Tower Global Funding | 0.55 | 13/07/2022 | 2,000,872 | 0.19 |
| 150,000 Metropolitan Life Global Funding I | 0.35 | 27/09/2024 | 149,627 | 0.01 |
| 2,700,000 Metropolitan Life Global Funding I | 0.37 | 07/01/2024 | 2,697,035 | 0.26 |
| 600,000 Metropolitan Life Global Funding I | 2.40 | 17/06/2022 | 605,477 | 0.06 |
| 500,000 New York Life Global Funding | 0.41 | 21/10/2023 | 501,214 | 0.05 |
| 2,745,000 New York Life Global Funding | 0.27 | 02/02/2023 | 2,745,401 | 0.27 |
| 3,250,000 New York Life Global Funding | 0.40 | 10/01/2023 | 3,253,668 | 0.32 |
| 3,350,000 New York Life Global Funding | 0.72 | 10/06/2022 | 3,355,678 | 0.33 |
| 3,000,000 New York Life Global Funding | 0.41 | 21/01/2022 | 3,000,218 | 0.29 |
| 2,005,000 Northwestern Mutual Global Funding | 0.38 | 25/03/2024 | 2,003,356 | 0.19 |
| 2,945,000 Pacific Life Global Funding II | 0.43 | 12/04/2024 | 2,946,360 | 0.29 |
| 2,317,000 Pacific Life Global Funding II | 0.50 | 23/09/2023 | 2,301,525 | 0.22 |
| 1,385,000 Principal Life Global Funding II | 0.43 | 23/08/2024 | 1,383,524 | 0.13 |
| 2,000,000 Principal Life Global Funding II | 0.50 | 12/04/2024 | 2,000,458 | 0.19 |
| 1,149,000 Protective Life Global Funding | 0.63 | 13/10/2023 | 1,143,441 | 0.11 |
|  |  |  | 46,059,744 | 4.46 |
| Machinery (0.27%) |  |  |  |  |
| 2,805,000 Otis Worldwide Corporation	0.66 | 05/04/2023 | 2,805,077 | 0.27 |
|  |  | 2,805,077 | 0.27 |
| Machinery-Construction and Mining (0.13%) |  |  |  |  |
| 1,350,000 Caterpillar Financial Services Corporation	0.32 | 13/09/2024 | 1,352,930 | 0.13 |
|  |  | 1,352,930 | 0.13 |
| Medical Technology (0.73%) |  |  |  |  |
| 1,000,000 Stryker Corporation | 0.60 | 01/12/2023 | 994,562 | 0.10 |
| 975,000 Thermo Fisher Scientific Incorporated | 0.58 | 18/10/2024 | 975,676 | 0.09 |
| 2,274,000 Thermo Fisher Scientific Incorporated | 0.44 | 18/10/2023 | 2,271,537 | 0.22 |
| 3,249,000 Thermo Fisher Scientific Incorporated | 0.40 | 18/04/2023 | 3,244,772 | 0.32 |
|  |  |  | 7,486,547 | 0.73 |

U.S. CORPORATE BONDS AND NOTES (32.92%) (30 June 2021: 29.55%) 
cont.
| Principal Amount | Coupon Rate | Maturity Dates | Value USD | % of Fund |
| --- | --- | --- | --- | --- |
| Mining (0.03%) USD 300,000 Glencore Funding LLC	3.00 | 27/10/2022 | USD 304,632 | 0.03 |
|  |  | 304,632 | 0.03 |
| Oil and Natural Gas Utilities (0.49%) |  |  |  |  |
| 2,707,000 Chevron USA Incorporated | 0.35 | 11/08/2023 | 2,705,646 | 0.27 |
| 1,804,000 Chevron USA Incorporated | 0.26 | 12/08/2022 | 1,803,520 | 0.17 |
| 500,000 Phillips 66 | 4.30 | 01/04/2022 | 504,493 | 0.05 |
|  |  |  | 5,013,659 | 0.49 |
| Pharmaceuticals (1.27%) |  |  |  |  |
| 3,259,000 AbbVie Incorporated | 0.81 | 21/11/2022 | 3,271,080 | 0.32 |
| 3,180,000 Becton Dickinson and Company | 1.21 | 06/06/2022 | 3,191,257 | 0.31 |
| 700,000 Bristol-Myers Squibb Company | 0.54 | 16/05/2022 | 700,822 | 0.07 |
| 5,538,000 Cigna Corporation | 1.01 | 15/07/2023 | 5,589,841 | 0.54 |
| 328,000 CVS Health Corporation	3.50 | 20/07/2022 | 331,669 | 0.03 |
|  |  | 13,084,669 | 1.27 |
| Pipelines (0.68%) |  |  |  |  |
| 600,000 Kinder Morgan Energy Partners LP | 3.95 | 01/09/2022 | 608,045 | 0.06 |
| 823,000 Kinder Morgan Incorporated | 1.40 | 15/01/2023 | 829,856 | 0.08 |
| 3,115,000 ONEOK Partners LP | 3.38 | 01/10/2022 | 3,152,209 | 0.30 |
| 1,921,000 Plains All American Pipeline LP | 3.65 | 01/06/2022 | 1,930,431 | 0.19 |
| 35,000 Williams Comapnies Incorporated | 3.35 | 15/08/2022 | 35,328 | - |
| 504,000 Williams Companies Incorporated | 3.60 | 15/03/2022 | 504,452 | 0.05 |
|  |  |  | 7,060,321 | 0.68 |
| Real Estate (0.39%) |  |  |  |  |
| 1,703,000 American Tower Corporation | 0.60 | 15/01/2024 | 1,684,771 | 0.16 |
| 500,000 Kimco Realty Corporation | 3.40 | 01/11/2022 | 509,132 | 0.05 |
| 1,900,000 Public Storage	0.52 | 23/04/2024 | 1,898,916 | 0.18 |
|  |  | 4,092,819 | 0.39 |
| Semiconductors (0.10%) |  |  |  |  |
| 200,000 Advanced Micro Devices Incorporated | 7.50 | 15/08/2022 | 207,500 | 0.02 |
| 795,000 Analog Devices Incorporated | 0.30 | 01/10/2024 | 795,770 | 0.08 |
|  |  |  | 1,003,270 | 0.10 |
| Software (0.31%) |  |  |  |  |
| 1,235,000 VMware Incorporated | 1.00 | 15/08/2024 | 1,223,077 | 0.12 |
| 1,969,000 VMware Incorporated | 2.95 | 21/08/2022 | 1,992,134 | 0.19 |
|  |  |  | 3,215,211 | 0.31 |
| Telecommunications (0.56%) |  |  |  |  |
| 565,000 AT&T Incorporated | 1.38 | 12/06/2024 | 572,604 | 0.06 |
| 1,700,000 AT&T Incorporated | 0.69 | 25/03/2024 | 1,700,484 | 0.16 |
| 1,915,000 Verizon Communications Incorporated | 1.26 | 15/05/2025 | 1,951,813 | 0.19 |
| 1,560,000 Verizon Communications Incorporated | 1.21 | 16/03/2022 | 1,562,697 | 0.15 |
|  |  |  | 5,787,598 | 0.56 |
| Total U.S. Corporate Bonds and Notes |  |  | USD 339,703,638 | 32.92 |
| CERTIFICATES OF DEPOSIT (1.07%) (30 June 2021: -%) |  |  |  |  |
| Principal | Yield | Maturity | Value | % of |
| Amount | (%) | Dates | USD | Fund |
| USD 2,000,000 Bank of Montreal | 0.26 | 16/03/2022 | USD 2,000,592 | 0.19 |
| 500,000 Bank of Montreal | 0.22 | 04/03/2022 | 500,100 | 0.05 |
| 3,500,000 Deutsche Bank AG | 0.77 | 16/02/2022 | 3,502,599 | 0.34 |
| 1,000,000 Nordea Bank AB | 0.37 | 28/01/2022 | 1,000,176 | 0.10 |
| 1,000,000 Standard Chartered Bank | 0.27 | 18/03/2022 | 1,000,129 | 0.10 |
| 3,000,000 Svenska Handelsbanken AB | 0.39 | 06/01/2022 | 3,000,052 | 0.29 |
| Total Certificates of Deposit |  |  | USD 11,003,648 | 1.07 |

COMMERCIAL PAPER (25.02%) (30 June 2021: 35.89%)
| Principal | Yield | Maturity | Value | % of |
| --- | --- | --- | --- | --- |
| Amount | (%) | Dates | USD | Fund |
| USD 1,000,000.00 Albemarle Corporation | 0.45 | 04/02/2022 | USD 999,611 | 0.10 |
| 2,000,000 Albemarle Corporation | 0.50 | 27/01/2022 | 1,999,420 | 0.19 |
| 1,000,000 Albemarle Corporation | 0.45 | 26/01/2022 | 999,721 | 0.10 |
| 750,000 Albemarle Corporation | 0.35 | 11/01/2022 | 749,919 | 0.07 |
| 1,100,000 Albemarle Corporation | 0.41 | 10/01/2022 | 1,099,892 | 0.11 |
| 3,500,000 Alexandria Real Estate Equities Incorporated | 0.27 | 05/01/2022 | 3,499,922 | 0.34 |
| 2,000,000 Amcor Finance USA Incorporated | 0.30 | 18/01/2022 | 1,999,768 | 0.19 |
| 1,500,000 Amcor Finance USA Incorporated | 0.30 | 13/01/2022 | 1,499,889 | 0.15 |
| 2,000,000 Amcor Finance USA Incorporated | 0.30 | 12/01/2022 | 1,999,869 | 0.19 |
| 1,000,000 Amcor Finance USA Incorporated | 0.30 | 11/01/2022 | 999,942 | 0.10 |
| 3,000,000 Amcor Flexibles North America Incorporated | 0.36 | 26/01/2022 | 2,999,385 | 0.29 |
| 982,000 Amcor Flexibles North America Incorporated | 0.35 | 07/01/2022 | 981,966 | 0.10 |
| 1,000,000 Ameren Corporation | 0.25 | 07/01/2022 | 999,969 | 0.10 |
| 1,500,000 American Electric Power Company Incorporated | 0.40 | 01/03/2022 | 1,499,175 | 0.15 |
| 3,250,000 American Electric Power Company Incorporated | 0.47 | 11/02/2022 | 3,248,863 | 0.31 |
| 2,000,000 American Electric Power Company Incorporated | 0.33 | 28/01/2022 | 1,999,577 | 0.19 |
| 4,500,000 AT&T Incorporated | 0.40 | 12/04/2022 | 4,494,466 | 0.44 |
| 5,000,000 Autonation Incorporated | 0.45 | 05/01/2022 | 4,999,772 | 0.47 |
| 5,500,000 Autonation Incorporated | 0.22 | 03/01/2022 | 5,499,855 | 0.53 |
| 1,500,000 Aviation Capital Group LLC | 0.47 | 19/01/2022 | 1,499,802 | 0.15 |
| 1,500,000 Aviation Capital Group LLC | 0.47 | 18/01/2022 | 1,499,820 | 0.15 |
| 1,500,000 Aviation Capital Group LLC | 0.45 | 13/01/2022 | 1,499,887 | 0.15 |
| 1,500,000 Aviation Capital Group LLC | 0.46 | 10/01/2022 | 1,499,915 | 0.15 |
| 1,500,000 Aviation Capital Group LLC | 0.42 | 07/01/2022 | 1,499,942 | 0.15 |
| 2,000,000 CenterPoint Energy Incorporated | 0.44 | 26/01/2022 | 1,999,619 | 0.19 |
| 1,000,000 CenterPoint Energy Incorporated | 0.32 | 13/01/2022 | 999,926 | 0.10 |
| 2,000,000 CenterPoint Energy Incorporated | 0.28 | 10/01/2022 | 1,999,899 | 0.19 |
| 1,750,000 Conagra Foods Incorporated | 0.30 | 10/01/2022 | 1,749,864 | 0.17 |
| 1,750,000 Conagra Foods Incorporated | 0.30 | 05/01/2022 | 1,749,933 | 0.17 |
| 6,000,000 Conagra Foods Incorporated | 0.20 | 03/01/2022 | 5,999,863 | 0.58 |
| 2,000,000 Constellation Brands Incorporated | 0.40 | 06/01/2022 | 1,999,889 | 0.19 |
| 8,000,000 Crown Castle International Corporation | 0.44 | 12/01/2022 | 7,998,975 | 0.77 |
| 2,000,000 Danaher Corporation | 0.24 | 14/01/2022 | 1,999,835 | 0.19 |
| 2,000,000 Dominion Resources Incorporated | 0.35 | 20/01/2022 | 1,999,733 | 0.19 |
| 1,500,000 Enbridge Incorporated | 0.40 | 25/03/2022 | 1,498,649 | 0.15 |
| 2,000,000 Enbridge Incorporated | 0.55 | 21/03/2022 | 1,998,324 | 0.19 |
| 1,000,000 Enbridge Incorporated | 0.43 | 14/03/2022 | 999,270 | 0.10 |
| 1,000,000 Enbridge Incorporated | 0.27 | 18/01/2022 | 999,884 | 0.10 |
| 1,500,000 Enbridge Incorporated | 0.27 | 13/01/2022 | 1,499,889 | 0.15 |
| 2,000,000 Enbridge Incorporated | 0.26 | 07/01/2022 | 1,999,938 | 0.19 |
| 1,000,000 Enel Finance America LLC | 0.40 | 27/04/2022 | 998,580 | 0.10 |
| 425,000 Enel Finance America LLC | 0.37 | 24/02/2022 | 424,784 | 0.04 |
| 1,429,000 Enel Finance America LLC | 0.50 | 11/02/2022 | 1,428,513 | 0.14 |
| 1,250,000 Enel Finance America LLC | 0.30 | 28/01/2022 | 1,249,738 | 0.12 |
| 535,000 Enel Finance America LLC | 0.35 | 19/01/2022 | 534,936 | 0.05 |
| 3,442,000 Enel Finance America LLC | 0.29 | 12/01/2022 | 3,441,782 | 0.33 |
| 3,000,000 Energy Transfer Partners | 0.45 | 04/01/2022 | 2,999,892 | 0.29 |
| 7,500,000 Energy Transfer Partners | 0.44 | 03/01/2022 | 7,499,802 | 0.73 |
| 1,000,000 EPR Operating LP | 0.35 | 28/02/2022 | 999,050 | 0.10 |
| 2,500,000 EPR Operating LP | 0.35 | 18/01/2022 | 2,499,710 | 0.24 |
| 2,000,000 EPR Operating LP | 0.30 | 10/01/2022 | 1,999,899 | 0.19 |
| 1,000,000 EPR Operating LP | 0.30 | 06/01/2022 | 999,974 | 0.10 |
| 1,500,000 Evergy | 0.32 | 06/01/2022 | 1,499,900 | 0.15 |
| 1,500,000 Eversource Energy | 0.31 | 01/02/2022 | 1,499,741 | 0.15 |
| 1,750,000 Eversource Energy | 0.28 | 28/01/2022 | 1,749,744 | 0.17 |
| 3,000,000 Eversource Energy | 0.28 | 24/01/2022 | 2,999,634 | 0.29 |

COMMERCIAL PAPER (25.02%) (30 June 2021: 35.89%) 
cont.
| Principal | Yield | Maturity | Value | % of |
| --- | --- | --- | --- | --- |
| Amount | (%) | Dates | USD | Fund |
| USD 3,500,000 Eversource Energy | 0.30 | 20/01/2022 | USD 3,499,665 | 0.33 |
| 1,000,000 Fidelity National Information Services Incorporated | 0.52 | 22/03/2022 | 999,118 | 0.10 |
| 2,000,000 Fidelity National Information Services Incorporated | 0.48 | 03/03/2022 | 1,998,781 | 0.19 |
| 3,000,000 Fidelity National Information Services Incorporated | 0.32 | 19/01/2022 | 2,999,641 | 0.29 |
| 2,000,000 Fidelity National Information Services Incorporated | 0.34 | 18/01/2022 | 1,999,778 | 0.19 |
| 1,000,000 Fidelity National Information Services Incorporated | 0.25 | 06/01/2022 | 999,974 | 0.10 |
| 6,000,000 FMC Corporation | 0.30 | 03/01/2022 | 5,999,771 | 0.57 |
| 1,000,000 General Motors Financial Company Incorporated | 0.46 | 18/03/2022 | 999,042 | 0.10 |
| 1,000,000 General Motors Financial Company Incorporated | 0.40 | 28/02/2022 | 999,313 | 0.10 |
| 500,000 General Motors Financial Company Incorporated | 0.36 | 17/02/2022 | 499,728 | 0.05 |
| 2,500,000 General Motors Financial Company Incorporated | 0.36 | 14/02/2022 | 2,498,734 | 0.24 |
| 500,000 General Motors Financial Company Incorporated | 0.40 | 07/02/2022 | 499,790 | 0.05 |
| 500,000 General Motors Financial Company Incorporated | 0.36 | 03/02/2022 | 499,744 | 0.05 |
| 2,250,000 General Motors Financial Company Incorporated | 0.36 | 02/02/2022 | 2,249,189 | 0.22 |
| 500,000 General Motors Financial Company Incorporated | 0.36 | 18/01/2022 | 499,909 | 0.05 |
| 1,000,000 General Motors Financial Company Incorporated | 0.35 | 13/01/2022 | 999,877 | 0.10 |
| 500,000 General Motors Financial Company Incorporated | 0.36 | 11/01/2022 | 499,950 | 0.05 |
| 1,500,000 Glencore Funding LLC | 0.26 | 10/02/2022 | 1,499,428 | 0.15 |
| 1,500,000 Glencore Funding LLC | 0.27 | 09/02/2022 | 1,499,445 | 0.15 |
| 3,250,000 Glencore Funding LLC | 0.29 | 19/01/2022 | 3,249,624 | 0.31 |
| 4,000,000 Healthpeak Properties Incorporated | 0.27 | 25/01/2022 | 3,999,194 | 0.39 |
| 1,000,000 Healthpeak Properties Incorporated | 0.28 | 11/01/2022 | 999,933 | 0.10 |
| 1,750,000 HSBC USA Incorporated | 0.73 | 28/12/2022 | 1,738,263 | 0.17 |
| 3,250,000 HSBC USA Incorporated | 0.33 | 08/07/2022 | 3,251,557 | 0.32 |
| 2,000,000 HSBC USA Incorporated | 0.37 | 24/03/2022 | 2,000,738 | 0.19 |
| 1,500,000 Humana Incorporated | 0.33 | 09/02/2022 | 1,499,500 | 0.15 |
| 2,300,000 Humana Incorporated | 0.36 | 07/02/2022 | 2,299,281 | 0.22 |
| 1,700,000 Humana Incorporated | 0.35 | 02/02/2022 | 1,699,554 | 0.16 |
| 1,500,000 Humana Incorporated | 0.36 | 14/01/2022 | 1,499,855 | 0.15 |
| 1,000,000 Humana Incorporated | 0.40 | 12/01/2022 | 999,918 | 0.10 |
| 1,100,000 Humana Incorporated | 0.35 | 10/01/2022 | 1,099,925 | 0.11 |
| 1,500,000 Ingredion Incorporated | 0.30 | 07/01/2022 | 1,499,953 | 0.15 |
| 2,500,000 Intercontinental Exchange Incorporated | 0.40 | 14/03/2022 | 2,497,653 | 0.24 |
| 2,000,000 Intercontinental Exchange Incorporated | 0.40 | 14/02/2022 | 1,999,060 | 0.19 |
| 500,000 Intercontinental Exchange Incorporated | 0.35 | 31/01/2022 | 499,828 | 0.05 |
| 500,000 Intercontinental Exchange Incorporated | 0.35 | 25/01/2022 | 499,896 | 0.05 |
| 1,500,000 International Flavors & Fragrances Incorporated | 0.60 | 29/03/2022 | 1,497,470 | 0.15 |
| 1,500,000 International Flavors & Fragrances Incorporated | 0.45 | 01/02/2022 | 1,499,623 | 0.15 |
| 3,500,000 Intesa Sanpaolo Funding LLC | 0.34 | 29/03/2022 | 3,494,815 | 0.34 |
| 2,000,000 Mohawk Industries Incorporated | 0.40 | 20/01/2022 | 1,999,606 | 0.19 |
| 500,000 Nasdaq Incorporated | 0.43 | 11/02/2022 | 499,817 | 0.05 |
| 2,000,000 National Grid PLC | 0.35 | 04/02/2022 | 1,999,440 | 0.19 |
| 1,500,000 National Grid PLC | 0.35 | 25/01/2022 | 1,499,729 | 0.15 |
| 2,000,000 National Grid PLC | 0.37 | 21/01/2022 | 1,999,715 | 0.19 |
| 1,750,000 National Grid PLC | 0.25 | 14/01/2022 | 1,749,856 | 0.17 |
| 1,750,000 National Grid PLC | 0.25 | 13/01/2022 | 1,749,870 | 0.17 |
| 1,750,000 National Grid PLC | 0.27 | 12/01/2022 | 1,749,885 | 0.17 |
| 1,500,000 Nutrien Limited | 0.40 | 24/03/2022 | 1,498,465 | 0.15 |
| 2,000,000 Realty Income Corporation | 0.40 | 15/02/2022 | 1,999,215 | 0.19 |
| 400,000 Sempra Energy | 0.40 | 19/01/2022 | 399,948 | 0.04 |
| 1,000,000 Sherwin-Williams Company | 0.23 | 24/01/2022 | 999,882 | 0.10 |
| 500,000 Suncor Energy Incorporated | 0.46 | 11/02/2022 | 499,825 | 0.05 |
| 1,500,000 Suncor Energy Incorporated | 0.25 | 11/01/2022 | 1,499,913 | 0.15 |
| 2,250,000 Suncor Energy Incorporated | 0.30 | 05/01/2022 | 2,249,951 | 0.22 |
| 3,500,000 Thermo Fisher Scientific Incorporated | 0.50 | 01/06/2022 | 3,493,467 | 0.33 |

COMMERCIAL PAPER (25.02%) (30 June 2021: 35.89%) 
cont.
| Principal | Yield | Maturity | Value | % of |
| --- | --- | --- | --- | --- |
| Amount | (%) | Dates | USD | Fund |
| USD 750,000 TransCanada PipeLines Limited | 0.30 | 09/02/2022 | USD 749,753 | 0.07 |
| 3,000,000 TransCanada PipeLines Limited | 0.31 | 08/02/2022 | 2,999,041 | 0.29 |
| 1,000,000 TransCanada PipeLines Limited | 0.34 | 01/02/2022 | 999,748 | 0.10 |
| 3,000,000 TransCanada PipeLines Limited | 0.30 | 24/01/2022 | 2,999,488 | 0.29 |
| 2,000,000 UDR Incorporated | 0.31 | 13/01/2022 | 1,999,852 | 0.19 |
| 2,000,000 UDR Incorporated | 0.25 | 07/01/2022 | 1,999,938 | 0.19 |
| 1,000,000 Viatris Incorporated | 0.60 | 28/02/2022 | 999,231 | 0.10 |
| 500,000 Viatris Incorporated | 0.50 | 11/02/2022 | 499,736 | 0.05 |
| 1,000,000 Viatris Incorporated | 0.55 | 04/02/2022 | 999,567 | 0.10 |
| 1,700,000 Viatris Incorporated | 0.55 | 03/02/2022 | 1,699,287 | 0.16 |
| 600,000 Viatris Incorporated | 0.53 | 19/01/2022 | 599,868 | 0.06 |
| 3,000,000 Viatris Incorporated | 0.50 | 10/01/2022 | 2,999,695 | 0.29 |
| 2,000,000 Viatris Incorporated | 0.55 | 07/01/2022 | 1,999,868 | 0.19 |
| 2,500,000 Walgreens Boots Alliance Incorporated | 0.36 | 11/02/2022 | 2,498,921 | 0.24 |
| 5,000,000 WEC Energy Group Incorporated | 0.25 | 18/01/2022 | 4,999,419 | 0.47 |
| 2,000,000 WEC Energy Group Incorporated | 0.35 | 03/01/2022 | 1,999,942 | 0.19 |
| 2,000,000 Welltower Incorporated | 0.38 | 31/01/2022 | 1,999,516 | 0.19 |
| 2,000,000 Welltower Incorporated | 0.38 | 24/01/2022 | 1,999,665 | 0.19 |
| 2,000,000 Welltower Incorporated | 0.33 | 06/01/2022 | 1,999,947 | 0.19 |
| 3,250,000 Westpac Banking Corporation | 0.15 | 11/03/2022 | 3,250,773 | 0.32 |
| Total Commercial Paper |  |  | USD 258,137,760 | 25.02 |
| Total Financial Assets at Fair Value through Profit or Loss |  |  | USD 1,031,842,649 | 100.01 |
| Analysis of Total Assets |  |  |  | % of Total Assets |
| Transferable securities admitted to official stock exchange listing |  |  |  | 29.70 |
| Transferable securities dealt on another regulated market |  |  |  | 5.60 |
| Other transferable securities of the type referred to in Regulation 68(1)(a), (b) and (c) |  |  |  | 64.42 |
| Other assets |  |  |  | 0.28 |
| Total Assets |  |  |  | 100.00 |

| Putnam European High Yield Fund |  |
| --- | --- |
|  | Six months ended 31 December 2021 | Six months ended 31 December 2020 |
|  | EUR | EUR |
| Operating Income |  |  |
| Interest Income | €	367,321 | €	379,137 |
| Net Realised (Losses)/Gains on Financial Assets and Liabilities at Fair Value through Profit or Loss | (26,213) | 75,521 |
| Net Movement in Unrealised (Losses)/Gains on Financial Assets and Liabilities at Fair Value through |  |  |
| Profit or Loss | (174,573) | 713,742 |
|  | €	166,535 | €	1,168,400 |
| Operating Expenses |  |  |
| Management Fees (Note 11) | 56,043 | 52,977 |
| Depositary Fees (Note 8) | 10,345 | 11,392 |
| Administrator Fees (Note 8) | 18,144 | 16,603 |
| Auditors’ Fees | 11,817 | 10,817 |
| Professional Fees (Note 11) | 3,840 | 740 |
| Other Expenses | 6,965 | 2,784 |
|  | €	107,154 | €	95,313 |
| Operating Profit | €	59,381 | €	1,073,087 |
| Profit for Financial Period before Tax | €	59,381 | €	1,073,087 |
| Non-reclaimable withholding tax | - | - |
| Total Comprehensive Income for the period | €	59,381 | €	1,073,087 |

There are no recognised gains or losses period in the period other than the total comprehensive income. In arriving at the results for the financial period, all amounts above relate to continuing operations.
| Putnam Fixed Income Global Alpha Fund |  |  |
| --- | --- | --- |
|  | Six months ended 31 December 2021 | Six months ended 31 December 2020 |
|  | USD | USD |
| Operating (Loss)/Income |  |  |
| Interest Income | $	3,581,963 | $	3,890,616 |
| Other Income | 8,000 | - |
| Net Realised (Losses)/Gains on Financial Assets and Liabilities at Fair Value through Profit or Loss | (16,683,897) | 16,055,862 |
| Net Movement in Unrealised Gains on Financial Assets and Liabilities at Fair Value through |  |  |
| Profit or Loss | 3,200,386 | 5,523,227 |
|  | $	(9,893,548) | $	25,469,705 |
| Operating Expenses |  |  |
| Management Fees (Note 11) | 341,664 | 450,430 |
| Depositary Fees (Note 8) | 72,153 | 67,123 |
| Administrator Fees (Note 8) | 74,701 | 86,517 |
| Auditors’ Fees | 46,600 | 50,600 |
| Professional Fees (Note 11) | 18,400 | 13,400 |
| Other Expenses | 33,167 | 19,168 |
|  | $	586,685 | $	687,238 |
| Expense reimbursement from Manager (Note 11) | (91,663) | (71,636) |
|  | $	495,022 | $	615,602 |
| Operating (Loss)/Profit | $	(10,388,570) | $	24,854,103 |
| (Loss)/Profit for Financial Period before Tax | $	(10,388,570) | $	24,854,103 |
| Non-reclaimable withholding tax | - | - |
| (Decrease)/Increase in Net Assets attributable to redeemable participating |  |  |
| Unitholders from operations | $	(10,388,570) | $	24,854,103 |

There are no recognised gains or losses arising in the period other than the (decrease)/increase in Net Assets attributable to redeemable participating Unitholders from operations. In arriving at the results for the financial period, all amounts above relate to continuing operations.
| Putnam Global High Yield Bond Fund |  |  |
| --- | --- | --- |
|  | Six months ended 31 December 2021 | Six months ended 31 December 2020 |
|  | USD | USD |
| Operating (Loss)/Income |  |  |
| Interest Income | $	2,269,144 | $	7,791,130 |
| Dividend Income | 37,774 | 106,322 |
| Other Income | 4,000 | - |
| Net Realised (Losses)/Gains on Financial Assets and Liabilities at Fair Value through Profit or Loss | (2,612,216) | 13,207,315 |
| Net Movement in Unrealised Gains on Financial Assets and Liabilities at Fair Value through |  |  |
| Profit or Loss | 178,918 | 32,659,175 |
|  | $	(122,380) | $	53,763,942 |
| Operating Expenses |  |  |
| Management Fees (Note 11) | 248,481 | 748,116 |
| Depositary Fees (Note 8) | 40,659 | 52,475 |
| Administrator Fees (Note 8) | 115,968 | 176,228 |
| Auditors’ Fees | 18,240 | 20,240 |
| Professional Fees (Note 11) | 14,808 | 18,808 |
| Other Expenses | 25,700 | 47,700 |
|  | $	463,856 | $	1,063,567 |
| Expense reimbursement from Manager (Note 11) | (101,611) | (51,698) |
|  | $	362,245 | $	1,011,869 |
| Operating (Loss)/Profit | $	(484,625) | $	52,752,073 |
| Finance Costs |  |  |
| Distributions to redeemable participating Unitholders (Note 3) | (842,481) | (5,306,560) |
| (Loss)/Profit for Financial Period after Distributions and before Tax | $	(1,327,106) | $	47,445,513 |
| Non-reclaimable withholding tax | (6,700) | (27,940) |
| (Decrease)/Increase in Net Assets attributable to redeemable participating |  |  |
| Unitholders from operations | $	(1,333,806) | $	47,417,573 |

There are no recognised gains or losses arising in the period other than the (decrease)/increase in Net Assets attributable to redeemable participating Unitholders from operations. In arriving at the results for the financial period, all amounts above relate to continuing operations.
Putnam Global Technology Fund*
Operating Loss
Period ended 31 December 2021
USD
Dividend Income	$	1,427
Net Realised Gains on Financial Assets and Liabilities at Fair Value through Profit or Loss	10,504 Net Movement in Unrealised Losses on Financial Assets and Liabilities at Fair Value through
Profit or Loss	(38,928)
$	(26,997)
Operating Expenses
Management Fees (Note 11)	1,521
Depositary Fees (Note 8)	319
Administrator Fees (Note 8)	4,061
Auditors’ Fees	3,924
Professional Fees (Note 11)	320
Other Expenses	4,537
$	14,682
Expense reimbursement from Manager (Note 11)	(13,159)
$	1,523
Operating Loss	$	(28,520)
Loss for Financial Period before Tax	$	(28,520)
Non-reclaimable withholding tax	(393)
Decrease in Net Assets attributable to redeemable participating Unitholders from
operations	$	(28,913)
* Putnam Global Technology Fund launched on 30 November 2021. There is no comparative Statement of Comprehensive Income for the six months ended 31 December 2020.
There are no recognised gains or losses arising in the period other than the decrease in Net Assets attributable to redeemable participating Unitholders from operations. In arriving at the results for the financial period, all amounts above relate to continuing operations.
| Putnam Multi-Asset Absolute Return Fund |  |
| --- | --- |
|  | Six months ended 31 December 2021 | Six months ended 31 December 2020 |
|  | USD | USD |
| Operating (Loss)/Income |  |  |
| Interest Income | $	21,543 | $	1,121,340 |
| Dividend Income | 1,581 | 1,720,736 |
| Net Realised (Losses)/Gains on Financial Assets and Liabilities at Fair Value through Profit or Loss | (1,853,558) | 11,540,761 |
| Net Movement in Unrealised Gains on Financial Assets and Liabilities at Fair Value through Profit or Loss | 1,678,844 | 12,956,855 |
|  | $	(151,590) | $	27,339,692 |
| Operating Expenses |  |  |
| Management Fees (Note 11) | 42,432 | 1,400,119 |
| Depositary Fees (Note 8) | 33,012 | 149,733 |
| Administrator Fees (Note 8) | 55,197 | 198,999 |
| Auditors’ Fees | 39,160 | 44,160 |
| Professional Fees (Note 11) | 3,520 | 28,000 |
| Other Expenses | 24,684 | 57,839 |
|  | $	198,005 | $	1,878,850 |
| Expense reimbursement from Manager (Note 11) | (138,582) | (201,559) |
|  | $	59,423 | $	1,677,291 |
| Operating (Loss)/Profit | $	(211,013) | $	25,662,401 |
| Finance Costs |  |  |
| Distributions to redeemable participating Unitholders (Note 3) | - | (4,121,076) |
| (Loss)/Profit for Financial Period after Distributions and before Tax | $	(211,013) | $	21,541,325 |
| Non-reclaimable withholding tax | (48) | (196,309) |
| (Decrease)/Increase in Net Assets attributable to redeemable participating |  |  |
| Unitholders from operations | $	(211,061) | $	21,345,016 |

There are no recognised gains or losses arising in the period other than the (decrease)/increase in Net Assets attributable to redeemable participating Unitholders from operations. In arriving at the results for the financial period, all amounts above relate to continuing operations.
| Putnam Securitised Credit Fund |  |  |
| --- | --- | --- |
|  | Six months ended 31 December 2021 | Six months ended 31 December 2020 |
|  | USD | USD |
| Operating (Loss)/Income |  |  |
| Interest Income | $	6,599,379 | $	6,658,543 |
| Net Realised (Losses)/Gains on Financial Assets and Liabilities at Fair Value through Profit or Loss | (16,992,855) | 9,886,330 |
| Net Movement in Unrealised (Losses)/Gains on Financial Assets and Liabilities at Fair Value |  |  |
| through Profit or Loss | (4,936,630) | 27,931,770 |
|  | $	(15,330,106) | $	44,476,643 |
| Operating Expenses |  |  |
| Management Fees (Note 11) | 527,809 | 757,401 |
| Depositary Fees (Note 8) | 77,863 | 72,018 |
| Administrator Fees (Note 8) | 145,783 | 190,987 |
| Auditors' Fees | 13,163 | 14,163 |
| Professional Fees (Note 11) | 36,840 | 21,840 |
| Other Expenses | 56,623 | 79,442 |
|  | $	858,081 | $	1,135,851 |
| Operating (Loss)/Profit | $	(16,188,187) | $	43,340,792 |
| Finance Costs |  |  |
| Distributions to redeemable participating Unitholders (Note 3) | - | (3,547,973) |
| (Loss)/Profit for Financial Period after Distributions and before Tax | $	(16,188,187) | $	39,792,819 |
| Non-reclaimable withholding tax | - | - |
| (Decrease)/Increase in Net Assets attributable to redeemable participating |  |  |
| Unitholders from operations | $	(16,188,187) | $	39,792,819 |

There are no recognised gains or losses arising in the period other than the (decrease)/increase in Net Assets attributable to redeemable participating Unitholders from operations. In arriving at the results for the financial period, all amounts above relate to continuing operations.
| Putnam Total Return Fund |  |  |
| --- | --- | --- |
|  | Six months ended 31 December 2021 | Six months ended 31 December 2020 |
|  | USD | USD |
| Operating (Loss)/Income |  |  |
| Interest Income | $	167,450 | $	528,576 |
| Dividend Income | 81,551 | 392,505 |
| Other Income | 5,000 | - |
| Net Realised (Losses)/Gains on Financial Assets and Liabilities at Fair Value through Profit or Loss | (3,139,384) | 8,059,393 |
| Net Movement in Unrealised Gains on Financial Assets and Liabilities at Fair Value through |  |  |
| Profit or Loss | 72,777 | 4,450,742 |
|  | $	(2,812,606) | $	13,431,216 |
| Operating Expenses |  |  |
| Management Fees (Note 11) | 282,240 | 465,370 |
| Depositary Fees (Note 8) | 56,710 | 70,277 |
| Administrator Fees (Note 8) | 73,074 | 95,584 |
| Auditors’ Fees | 40,080 | 45,080 |
| Professional Fees (Note 11) | 2,720 | 4,720 |
| Other Expenses | 26,565 | 21,564 |
|  | $	481,389 | $	702,595 |
| Expense reimbursement from Manager (Note 11) | (108,273) | (89,500) |
|  | $	373,116 | $	613,095 |
| Operating (Loss)/Profit | $	(3,185,722) | $	12,818,121 |
| Finance Costs |  |  |
| Distributions to redeemable participating Unitholders (Note 3) | - | (1,283,420) |
| (Loss)/Profit for Financial Period after Distributions and before Tax | $	(3,185,722) | $	11,534,701 |
| Non-reclaimable withholding tax | (7,098) | (87,202) |
| (Decrease)/Increase in Net Assets attributable to redeemable participating |  |  |
| Unitholders from operations | $	(3,192,820) | $	11,447,499 |

There are no recognised gains or losses arising in the period other than the (decrease)/increase in Net Assets attributable to redeemable participating Unitholders from operations. In arriving at the results for the financial period, all amounts above relate to continuing operations.
| Putnam U.S. Large Cap Growth Fund |  |  |
| --- | --- | --- |
|  | Six months ended 31 December 2021 | Six months ended 31 December 2020 |
|  | USD | USD |
| Operating Income |  |  |
| Dividend Income | $	99,209 | $	242,998 |
| Other Income | 2,042 | 852 |
| Net Realised Gains on Financial Assets and Liabilities at Fair Value through Profit or Loss | 5,098,365 | 18,164,067 |
| Net Movement in Unrealised (Losses)/Gains on Financial Assets and Liabilities at Fair Value through |  |  |
| Profit or Loss | (1,992,419) | 5,634,545 |
|  | $	3,207,197 | $	24,042,462 |
| Operating Expenses |  |  |
| Management Fees (Note 11) | 256,876 | 291,804 |
| Depositary Fees (Note 8) | 16,491 | 29,949 |
| Administrator Fees (Note 8) | 69,455 | 81,891 |
| Auditors’ Fees | 10,856 | 10,856 |
| Professional Fees (Note 11) | 7,400 | 8,400 |
| Other Expenses | 18,829 | 12,285 |
|  | $	379,907 | $	435,185 |
| Operating Profit | $	2,827,290 | $	23,607,277 |
| Profit for Financial Period before Tax | $	2,827,290 | $	23,607,277 |
| Non-reclaimable withholding tax | (26,686) | (70,448) |
| Increase in Net Assets attributable to redeemable participating Unitholders from |  |  |
| operations | $	2,800,604 | $	23,536,829 |

There are no recognised gains or losses arising in the period other than the increase in Net Assets attributable to redeemable participating Unitholders from operations. In arriving at the results for the financial period, all amounts above relate to continuing operations.
| Putnam Ultra Short Duration Income Fund |  |  |
| --- | --- | --- |
|  | Six months ended 31 December 2021 | Six months ended 31 December 2020 |
|  | USD | USD |
| Operating Income |  |  |
| Interest Income | $	2,908,712 | $	4,764,404 |
| Net Realised (Losses)/Gains on Financial Assets and Liabilities at Fair Value through Profit or Loss | (136,526) | 180,518 |
| Net Movement in Unrealised (Losses)/Gains on Financial Assets and Liabilities at Fair Value through |  |  |
| Profit or Loss | (1,819,462) | 1,555,735 |
|  | $	952,724 | $	6,500,657 |
| Operating Expenses |  |  |
| Management Fees (Note 11) | 2,781,795 | 2,913,453 |
| Depositary Fees (Note 8) | 159,118 | 169,090 |
| Administrator Fees (Note 8) | 543,878 | 580,203 |
| Auditors’ Fees | 10,379 | 10,120 |
| Professional Fees (Note 11) | 128,600 | 78,600 |
| Other Expenses | 196,802 | 91,672 |
|  | $	3,820,572 | $	3,843,138 |
| Expense reimbursement from Manager (Note 11) | (1,173,682) | (574,128) |
|  | $	2,646,890 | $	3,269,010 |
| Operating (Loss)/Profit | $	(1,694,166) | $	3,231,647 |
| Finance Costs |  |  |
| Distributions to redeemable participating Unitholders (Note 3) | (126,388) | (455,963) |
| (Loss)/Profit for Financial Period after Distributions and before Tax | $	(1,820,554) | $	2,775,684 |
| Non-reclaimable withholding tax | (439) | - |
| (Decrease)/Increase in Net Assets attributable to redeemable participating |  |  |
| Unitholders from operations | $	(1,820,993) | $	2,775,684 |

There are no recognised gains or losses arising in the period other than the (decrease)/increase in Net Assets attributable to redeemable participating Unitholders from operations. In arriving at the results for the financial period, all amounts above relate to continuing operations.
| Putnam European High Yield Fund |  |
| --- | --- |
|  | 31 December 2021 EUR | 30 June 2021 EUR |
| Current Assets |  |  |
| Financial Assets at Fair Value through Profit or Loss | €	16,267,066 | €	16,083,470 |
| Cash at Bank | 706,771 | 830,873 |
| Sales of Investments Awaiting Settlement | 10,331 | 592,933 |
| Interest Income Receivable | 223,883 | 166,600 |
| Total Assets | €	17,208,051 | €	17,673,876 |
| Creditors |  |  |
| (amounts falling due within one year) |  |  |
| Financial Liabilities at Fair Value through Profit or Loss | 12,937 | 36,527 |
| Purchase of Investments Awaiting Settlement | - | 490,479 |
| Expenses Payable | 65,032 | 76,169 |
| Other Payables | 10,572 | 10,572 |
| Total Current Liabilities | €	88,541 | €	613,747 |
| Equity |  |  |
| Capital and Reserves Attributable to Equity Unitholders | 17,234,436 | 16,657,074 |
| Retained Earnings | (114,926) | 403,055 |
| Total Equity | €	17,119,510 | €	17,060,129 |
| Total Equity and Current Liabilities | €	17,208,051 | €	17,673,876 |

| Putnam Fixed Income Global Alpha Fund |  |
| --- | --- |
|  | 31 December 2021 USD | 30 June 2021 USD |
| Current Assets |  |  |
| Financial Assets at Fair Value through Profit or Loss | $	178,968,236 | $	263,567,761 |
| Cash at Bank | - | 216,732 |
| Cash Pledged as Collateral for Financial Derivative Instruments | 1,655,630 | 2,580,884 |
| Broker Cash Held as Collateral for Financial Derivative Instruments | 1,240,000 | 480,000 |
| Receivable for Expense Reimbursement from Manager (Note 11) | 49,298 | 32,627 |
| Sales of Investments Awaiting Settlement | 27,884,023 | 25,622,530 |
| Premium Paid on Swap Contracts | 1,717,916 | 1,703,909 |
| Interest Income Receivable | 1,222,683 | 1,677,562 |
| Total Assets | $	212,737,786 | $	295,882,005 |
| Creditors |  |  |
| (amounts falling due within one year) |  |  |
| Financial Liabilities at Fair Value through Profit or Loss | 40,091,421 | 46,418,935 |
| Purchase of Investments Awaiting Settlement | 51,594,324 | 92,345,660 |
| Broker Cash due to Counterparties for Financial Derivative Instruments | 1,240,000 | 480,000 |
| Premium Received on Swap Contracts | 1,131,017 | 1,438,165 |
| Redemption of Units Awaiting Settlement | 6,640 | - |
| Expenses Payable | 423,138 | 598,846 |
| Interest Payable | 30,000 | 26,569 |
| Bank Overdraft | 1,227,586 | - |
| Total Current Liabilities | $	95,744,126 | $	141,308,175 |
| Net Assets attributable to redeemable participating Unitholders | $	116,993,660 | $	154,573,830 |

| Putnam Global High Yield Bond Fund |  |  |
| --- | --- | --- |
|  | 31 December 2021 USD | 30 June 2021 USD |
| Current Assets |  |  |
| Financial Assets at Fair Value through Profit or Loss | $	90,663,799 | $	95,682,477 |
| Cash at Bank | 49,944 | 1,563,179 |
| Broker Cash Held as Collateral for Financial Derivative Instruments | 510,000 | 250,000 |
| Receivable for Expense Reimbursement from Manager (Note 11) | 44,965 | 62,802 |
| Sales of Investments Awaiting Settlement | - | 2,450,701 |
| Subscription of Units Awaiting Settlement | - | 42,872 |
| Dividend Income Receivable | 3,104 | 4,566 |
| Interest Income Receivable | 1,179,314 | 1,277,155 |
| Total Assets | $	92,451,126 | $	101,333,752 |
| Creditors |  |  |
| (amounts falling due within one year) |  |  |
| Financial Liabilities at Fair Value through Profit or Loss | 125,898 | 2,213,355 |
| Purchase of Investments Awaiting Settlement | - | 1,384,366 |
| Broker Cash due to Counterparties for Financial Derivative Instruments | 510,000 | 250,000 |
| Redemption of Units Awaiting Settlement | 17,039 | 2,467,007 |
| Expenses Payable | 342,465 | 416,866 |
| Total Current Liabilities | $	995,402 | $	6,731,594 |
| Net Assets attributable to redeemable participating Unitholders | $	91,455,724 | $	94,602,158 |

| Putnam Global Technology Fund* |  |
| --- | --- |
|  | 31 December 2021 USD |
| Current Assets |  |
| Financial Assets at Fair Value through Profit or Loss | $	2,757,032 |
| Cash at Bank | 123,987 |
| Receivable for Expense Reimbursement from Manager (Note 11) | 13,159 |
| Sales of Investments Awaiting Settlement | 14,791 |
| Dividend Income Receivable | 660 |
| Total Assets | $	2,909,629 |
| Creditors |  |
| (amounts falling due within one year) |  |
| Financial Liabilities at Fair Value through Profit or Loss | 12,665 |
| Expenses Payable | 11,393 |
| Other Payable | 3,290 |
| Total Current Liabilities | $	27,348 |
| Net Assets attributable to redeemable participating Unitholders | $	2,882,281 |

* Putnam Global Technology Fund launched on 30 November 2021. There is no comparative Statement of Financial Position as at 30 June 2021.
| Putnam Multi-Asset Absolute Return Fund |  |
| --- | --- |
|  | 31 December 2021 USD | 30 June 2021 USD |
| Current Assets |  |  |
| Financial Assets at Fair Value through Profit or Loss | $	2,162,728 | $	36,178,322 |
| Cash at Bank | 572,880 | 2,988,100 |
| Cash Pledged as Collateral for Financial Derivative Instruments | 182,215 | 793,480 |
| Broker Cash Held as Collateral for Financial Derivative Instruments | - | 40,000 |
| Receivable for Expense Reimbursement from Manager (Note 11) | 57,554 | 19,252 |
| Sales of Investments Awaiting Settlement | 59,561 | 8,260,733 |
| Premium Paid on Swap Contracts | - | 4,568 |
| Dividend Income Receivable | 10,779 | 18,162 |
| Interest Income Receivable | - | 60,559 |
| Total Assets | $	3,045,717 | $	48,363,176 |
| Creditors |  |  |
| (amounts falling due within one year) |  |  |
| Financial Liabilities at Fair Value through Profit or Loss | 174,617 | 15,396,018 |
| Purchase of Investments Awaiting Settlement | 174,560 | 10,479,589 |
| Broker Cash due to Counterparties for Financial Derivative Instruments | - | 40,000 |
| Premium Received on Swap Contracts | - | 1,718 |
| Expenses Payable | 218,797 | 467,466 |
| Interest Payable | 1,508 | 10,764 |
| Total Current Liabilities | $	569,482 | $	26,395,555 |
| Net Assets attributable to redeemable participating Unitholders | $	2,476,235 | $	21,967,621 |

| Putnam Securitised Credit Fund |  |  |
| --- | --- | --- |
|  | 31 December 2021 USD | 30 June 2021 USD |
| Current Assets |  |  |
| Financial Assets at Fair Value through Profit or Loss | $	355,062,880 | $	562,448,976 |
| Cash at Bank | 1,387,522 | - |
| Cash Pledged as Collateral for Financial Derivative Instruments | 4,569,951 | 7,094,672 |
| Broker Cash Held as Collateral for Financial Derivative Instruments | 790,000 | - |
| Sales of Investments Awaiting Settlement | 48,027,486 | 42,352,618 |
| Premium Paid on Swap Contracts | 4,249,495 | 5,921,179 |
| Interest Income Receivable | 1,801,614 | 2,450,957 |
| Total Assets | $	415,888,948 | $	620,268,402 |
| Creditors |  |  |
| (amounts falling due within one year) |  |  |
| Financial Liabilities at Fair Value through Profit or Loss | 50,433,637 | 60,851,948 |
| Purchase of Investments Awaiting Settlement | 133,134,848 | 218,489,571 |
| Broker Cash due to Counterparties for Financial Derivative Instruments | 790,000 | - |
| Premium Received on Swap Contracts | 7,996,931 | 11,481,105 |
| Redemption of Units Awaiting Settlement | - | 5,085,382 |
| Expenses Payable | 447,924 | 673,456 |
| Interest Payable | 40,944 | 34,903 |
| Bank Overdraft | - | 1,997,574 |
| Total Current Liabilities | $	192,844,284 | $	298,613,939 |
| Net Assets attributable to redeemable participating Unitholders | $	223,044,664 | $	321,654,463 |

| Putnam Total Return Fund |  |  |
| --- | --- | --- |
|  | 31 December 2021 USD | 30 June 2021 USD |
| Current Assets |  |  |
| Financial Assets at Fair Value through Profit or Loss | $	15,431,321 | $	83,531,905 |
| Cash at Bank | 1,185,526 | - |
| Cash Pledged as Collateral for Financial Derivative Instruments | 630,474 | 2,458,917 |
| Broker Cash Held as Collateral for Financial Derivative Instruments | - | 160,000 |
| Receivable for Expense Reimbursement from Manager (Note 11) | 31,440 | 5,005 |
| Sales of Investments Awaiting Settlement | 2,303,329 | 14,382,287 |
| Premium Paid for Swap Contracts | - | 55,513 |
| Dividend Income Receivable | 12,094 | 24,190 |
| Interest Income Receivable | 19,185 | 108,819 |
| Total Assets | $	19,613,369 | $	100,726,636 |
| Creditors |  |  |
| (amounts falling due within one year) |  |  |
| Financial Liabilities at Fair Value through Profit or Loss | 2,717,438 | 17,850,087 |
| Purchase of Investments Awaiting Settlement | 6,093 | 8,266,294 |
| Broker Cash due to Counterparties for Financial Derivative Instruments | - | 160,000 |
| Premium Received on Swap Contracts | - | 8,057 |
| Redemption of Units Awaiting Settlement | - | 30,007 |
| Expenses Payable | 351,031 | 534,574 |
| Interest Payable | 2,000 | 11,472 |
| Bank Overdraft | - | 535,945 |
| Total Current Liabilities | $	3,076,562 | $	27,396,436 |
| Net Assets attributable to redeemable participating Unitholders | $	16,536,807 | $	73,330,200 |

| Putnam U.S. Large Cap Growth Fund |  |  |
| --- | --- | --- |
|  | 31 December 2021 USD | 30 June 2021 USD |
| Current Assets |  |  |
| Financial Assets at Fair Value through Profit or Loss | $	44,118,344 | $	52,243,023 |
| Cash at Bank | 592,526 | 1,111,947 |
| Sales of Investments Awaiting Settlement | 143,364 | 332,622 |
| Dividend Income Receivable | 8,761 | 12,119 |
| Total Assets | $	44,862,995 | $	53,699,711 |
| Creditors |  |  |
| (amounts falling due within one year) |  |  |
| Financial Liabilities at Fair Value through Profit or Loss | 17,551 | 807,567 |
| Purchase of Investments Awaiting Settlement | 685,464 | 274,125 |
| Expenses Payable | 246,279 | 293,272 |
| Total Current Liabilities | $	949,294 | $	1,374,964 |
| Net Assets attributable to redeemable participating Unitholders | $	43,913,701 | $	52,324,747 |

| Putnam Ultra Short Duration Income Fund |  |  |
| --- | --- | --- |
|  | 31 December 2021 USD | 30 June 2021 USD |
| Current Assets |  |  |
| Financial Assets at Fair Value through Profit or Loss | $	1,031,842,649 | $	1,184,233,145 |
| Cash at Bank | 20,143 | 994,911 |
| Receivable for Expense Reimbursement from Manager (Note 11) | 424,196 | 619,211 |
| Sales of Investments Awaiting Settlement | - | 445,906 |
| Subscription of Units Awaiting Settlement | 820,208 | 349,365 |
| Interest Income Receivable | 1,673,285 | 1,476,490 |
| Total Assets | $	1,034,780,481 | $	1,188,119,028 |
| Creditors |  |  |
| (amounts falling due within one year) |  |  |
| Purchase of Investments Awaiting Settlement | - | 14,808,475 |
| Redemption of Units Awaiting Settlement | 605,814 | 425,102 |
| Expenses Payable | 2,443,586 | 3,533,570 |
| Distributions Payable | 5,033 | 8,777 |
| Total Current Liabilities | $	3,054,433 | $	18,775,924 |
| Net Assets attributable to redeemable participating Unitholders | $	1,031,726,048 | $	1,169,343,104 |

Translation (ENDE, 2021-12-31):
# Putnam Ultra Short Duration Income Fund
Im Sechsmonatszeitraum zum 31. Dezember 2021 verbuchten die Anteilsklassen des Teilfonds gemischte Renditen und blieben leicht hinter dem als Benchmark dienenden ICE BofA U.S. Treasury Bill Index zurück.
Im Berichtszeitraum leisteten Commercial Paper den stärksten Beitrag zur relativen Performance des Teilfonds. Wir behielten aus Liquiditätsgründen ein ausgewogenes Engagement in kurz laufenden Commercial Paper bei. Die Renditen von Commercial Paper (CP) blieben niedrig. Sollten jedoch die Zinsen weiter steigen, sind wir in der Lage, die Erlöse aus fällig werdende CP zu höheren Verzinsungen zu reinvestieren. Darüber hinaus leistete die Allokation des Teilfonds in verbrieften Sektoren, darunter nicht-staatliche hypotheken- (MBS) und forderungsbesicherte Anleihen (ABS), einen leicht positiven Beitrag. Das Team konzentriert sich bei der Portfolioallokation in diesen Bereichen unvermindert auf der Bonität nach hoch eingestufte, in der Kapitalstruktur vorrangige Wertpapiere, die in Kombination mit den Anlagen des Teilfonds in Unternehmensanleihen unseres Erachtens Diversifizierungsvorteile bieten.
Im Verlauf des gesamten Jahres 2021 senkten wir die Duration im Teilfonds. Zum 31. Dezember betrug die Duration 0,26 Jahre und damit 0,12 Jahre weniger als zu Jahresbeginn. Ferner strukturieren wir das Portfolio weiterhin, um den Schwerpunkt auf eine Kombination von Anlagen in Investment-Grade- Wertpapiere der unteren Kategorie (BBB oder gleichwertig) mit einer im Allgemeinen maximal einjährigen Laufzeit und Investment-Grade-Wertpapieren der oberen Kategorie (A oder AA) mit einer Laufzeitspanne von 1 bis 3,5 Jahren zu legen.
In Anbetracht der ausgereizten Bewertungen kurzfristiger Unternehmensanleihen agierten wir bei der Aufnahme zusätzlicher Risiken in das Portfolio umsichtig. Das Hauptziel des Teilfonds bleibt der Kapitalerhalt. Wir sind in der Strategie nicht
„auf Renditejagd“ – dies ungeachtet des derzeit schwierigen Renditeumfelds.
Die Benchmark des Teilfonds, der ICE BofA U.S. Treasury Bill Index, verbuchte in US-Dollar ein Plus von 0,02 %. Angaben zur ICE BofA Benchmark finden Sie auf Seite 8.
Der  Teilfonds  erzielte  im  Berichtszeitraum  zum
31. Dezember 2021 nach Anteilsklassen die folgenden Renditen.
Negativ war indes die Allokation des Teilfonds in Unternehmensanleihen, insbesondere in Finanztiteln, die der relativen Performance schadeten. Die Renditeabstände von Anleihen mit Investment-Grade-Rating und einer Laufzeit von 1 bis 3 Jahren weiteten sich im Berichtszeitraum gegenüber historisch engen Niveaus aus. (Bei Spreads handelt es sich um den Renditevorsprung, den risikobehaftete Anleihen vor US- Staatsanleihen mit vergleichbarer Laufzeit bieten. Die Anleihekurse steigen, wenn sich die Spreads verengen, und sie fallen, wenn sich die Spreads ausweiten.) Insgesamt weiteten sich die Spreads für Anleihen mit Laufzeiten zwischen 1 und 3 Jahren um 11 Basispunkte aus, was sich negativ auf unsere
| 6 Monate | (0,19) | (0,19) | (0,07) | 0,00 |
| --- | --- | --- | --- | --- |
| 1 Jahr | (0,26) | (0,28) | 0,07 | 0,00 |
| 5 Jahre |
| Kumuliert | 6,07 | 6,01 | 7,60 | 7,45 |
| Annualisiert | 1,19 | 1,17 | 1,47 | 1,45 |
| Fondslaufzeit (seit dem 20.12.2016)* |
| Kumuliert | 5,98 | 5,91 | 7,51 | 7,36 |
| Annualisiert | 1,16 | 1,15 | 1,45 | 1,42 |

Anteilswert
Klasse A NIW %
Klasse A2
NIW %
Klasse I NIW %
Klasse I2 NIW %
Positionen in Unternehmensanleihen auswirkte. Unsere Meidung von US-Staatsanleihe war den relativen Renditen ebenfalls abträglich, wenn auch nur in geringfügigem Maße.
Vorausblickend haben sich die Renditeerwartungen in den letzten Monaten deutlich verbessert, da die Anleger nun von
* Mit Ausnahme von Anteilen der Klassen A2 und I2, die am 28. Juni 2017 aufgelegt wurden. Die für Anteile der Klassen A2 und I2 angegebenen Renditen für den Berichtszeitraum vor ihrer Auflegung wurden von der historischen Wertentwicklung von Anteilen der Klasse A bzw. I abgeleitet.
Kapital-
| Klasse A | 6 | 0,0012 $ | - | 0,0012 $ |
| --- | --- | --- | --- | --- |
| Klasse A2 | - | - | - | - |
| Klasse I | 6 | 0,0128 $ | - | 0,0128 $ |
| Klasse I2 | - | - | - | - |

mehreren Zinserhöhungen durch die US-Notenbank im Jahr 2022 ausgehen. Anlässlich der Fed-Sitzung im Dezember gab es Diskussionen über frühzeitigere und schnellere Zinserhöhungen als zuvor angenommen. Dies ging am Markt nicht spurlos vorüber, und die Renditen für 2- und 3-jährige Staatsanleihen erreichten im Dezember den höchsten Stand des Jahres 2021, um in den ersten Wochen des neuen Jahres weiter zuzulegen.
Ausschüttungen	Anzahl	Erträge
gewinn	Summe
Darüber hinaus haben sich die Spreads für kurzfristige Unternehmensanleihen – gemessen am Bloomberg U.S. 1-3 Year Corporate Bond Index – im vierten Quartal 2021 etwas ausgeweitet, nachdem sie Ende des dritten Quartals rekordniedrige Niveaus erreicht hatten.
Angesichts dessen haben wir den Teilfonds nun auf höhere Zinsen ausgerichtet. Insbesondere erhöhten wir seine Allokation in Wertpapieren mit variablen Kupons, die entweder an den LIBOR (London Interbank Offered Rate) oder den SOFR (Secured Overnight Funding Rate) gekoppelt sind. Die Kupons dieser Wertpapiere werden auf Tagesbasis, monatlich oder alle drei Monate angepasst, um die aktuellen kurzfristigen Zinssätze widerzuspiegeln, und weisen eine minimale Zinssensitivität auf. In einem Umfeld mit steigenden Zinsen kann diese Strategie hilfreich sein, um den Teilfonds an steigenden Renditen partizipieren zu lassen, ohne von den negativen Preiseffekten festverzinslicher Anlagen mit längeren Laufzeiten betroffen zu sein.
Die hierin vorgetragenen Ansichten sind ausschließlich die von Putnam zum 31. Dezember 2021. Sie sind nicht als Anlageberatung gedacht. Erwartungen in Bezug auf die künftige Marktentwicklung unterliegen Änderungen.
Nachstehend die Gesamtkostenquote der einzelnen Teilfonds im Berichtszeitraum vom 1. Juli 2021 bis zum 31. Dezember 2021:
| Anteilsklassen | Putnam European High Yield Fund | Putnam Fixed Income Global Alpha Fund | Putnam Global High Yield Bond Fund | Putnam Global Technology Fund*** | Putnam Multi- Asset Absolute Return Fund | Putnam Securitised Credit Fund | Putnam Total Return Fund** | Putnam U.S. Large Cap Growth Fund | Putnam Ultra Short Duration Income Fund |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| A | - | - | 1,81 % | 1,75 % | - | - | 1,80 % | 1,99 % | 0,60 % |
| A2 | - | - | - | 1,75 % | - | - | - | - | 0,60 % |
| B | - | - | 2,31 % | - | - | - | 2,30 % | - | - |
| C | - | - | 2,20 % | - | - | - | 2,05 % | - | - |
| E | 1,24 % | 0,70 % | 0,96 % | 0,60 % | - | 0,66 % | 1,05 % | 1,04 % | - |
| E2 | - | - | 0,35 % | 0,60 % | 1,05 % | 0,65 % | - | - | - |
| I | - | - | 0,95 % | 0,60 % | 1,05 % | 0,47 % | 1,05 % | 1,04 % | 0,35 % |
| I2 | - | - | - | 0,60 % | - | - | - | - | 0,35 % |
| I3 | - | - | - | 1,00 % | - | - | - | - | - |
| I4 | - | - | - | 1,00 % | - | - | - | - | - |
| M | - | - | - | - | - | - | 1,80 % | - | - |
| S | - | 0,70 % | 0,96 % | 0,60 % | 1,05 % | 0,67 % | - | - | - |
| S2 | - | - | 0,35 % | 0,60 % | - | - | - | - | - |
| S3 | - | - | 0,96 % | - | - | - | - | - | - |

* Die TER wird als Gesamtbetriebskosten für jede Anteilsklasse der einzelnen Teilfonds in der Funktionalwährung des Teilfonds als Prozentsatz des Durchschnittsnettovermögens des Teilfonds für den betreffenden Berichtszeitraum angegeben. Das durchschnittliche Nettovermögen wird anhand von Zahlen berechnet, die auf dem Nettovermögen der einzelnen Teilfonds bei jeder Berechnung des Nettoinventarwerts basieren. Alle Teilfonds werden täglich bewertet.
TERs sind über zwölf Monate annualisiert.
** Die Anteile der Klasse E des Putnam Total Return Fund wurden am 23. November 2021 vollständig zurückgenommen.
*** Der Putnam Global Technology Fund wurde am 30. November 2021 aufgelegt.

## Anlagenverzeichnis
31. Dezember 2021
NICHT-US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (88,83 %) (30. Juni 2021: 87,51 %)
Wert
% vom
| Kapitalbetrag | Kuponsatz | Fälligkeit | EUR | Teilfonds |
| --- | --- | --- | --- | --- |
| Werbung (0,57 %) 90.105 EUR Summer BC Holdco A Sarl (Luxembourg)	9,25 | 31.10.2027 | 97.015 EUR | 0,57 |
|  |  | 97.015 | 0,57 |
| Autoteile und Ausrüstung (3,59 %) 100.000 Clarios Global LP (International) | 4,38 | 15.05.2026 | 102.375 | 0,60 |
| 320.000 Gestamp Automocion SA (Spain) | 3,25 | 30.04.2026 | 322.006 | 1,87 |
| 100.000 Grupo Antolin-Irausa SA (Spain) | 3,38 | 30.04.2026 | 96.969 | 0,57 |
| 100.000 Grupo Antolin-Irausa SA (Spain) | 3,50 | 30.04.2028 | 93.890 | 0,55 |
|  |  |  | 615.240 | 3,59 |
| Automobile (1,27 %) 200.000 Volkswagen International Finance NV (Netherlands) | 3,88 | 31.12.2099 | 217.000 | 1,27 |
|  |  |  | 217.000 | 1,27 |
| Bankwesen (12,55 %) 100.000 Banca Monte dei Paschi di Siena SpA (Italy) | 1,88 | 09.01.2026 | 97.301 | 0,57 |
| 100.000 Banca Monte dei Paschi di Siena SpA (Italy) | 5,38 | 18.01.2028 | 78.375 | 0,46 |
| 200.000 Banco Santander SA (Spain) | 6,75 | 31.12.2099 | 204.066 | 1,19 |
| 215.000 BNP Paribas SA (France) | 6,13 | 29.12.2049 | 220.375 | 1,29 |
| 200.000 USD BNP Paribas SA (France) | 4,50 | 31.12.2099 | 174.616 | 1,02 |
| 200.000 EUR Commerzbank AG (Germany) | 4,25 | 31.12.2099 | 198.634 | 1,16 |
| 200.000 USD Credit Suisse Group AG (Switzerland) | 6,38 | 31.12.2099 | 189.284 | 1,11 |
| 200.000 Deutsche Bank AG (Germany) | 6,00 | 31.12.2099 | 182.477 | 1,07 |
| 200.000 ING Groep NV (Netherlands) | 5,75 | 31.12.2099 | 189.065 | 1,10 |
| 267.875 EUR Stichting AK Rabobank Certificaten (Netherlands) | 6,50 | 29.12.2049 | 367.993 | 2,14 |
| 260.000 USD UBS Group AG (Switzerland) | 7,00 | 31.12.2099 | 246.241 | 1,44 |
|  |  |  | 2.148.427 | 12,55 |
| Getränke (0,99 %) |  |  |  |  |
| 165.000 EUR Sunshine Mid BV (Netherlands)	6,50 | 15.05.2026 | 169.186 | 0,99 |
|  |  | 169.186 | 0,99 |
| Chemie (3,04 %) 165.000 Herens Midco Sarl (Luxembourg) | 5,25 | 15.05.2029 | 155.828 | 0,92 |
| 150.000 INEOS Quattro Finance 1 PLC (United Kingdom) | 3,75 | 15.07.2026 | 150.630 | 0,88 |
| 100.000 Lune Holdings Sarl (Luxembourg) | 5,63 | 15.11.2028 | 99.926 | 0,58 |
| 115.000 Nobian Finance BV (Netherlands) | 3,63 | 15.07.2026 | 113.645 | 0,66 |
|  |  |  | 520.029 | 3,04 |
| Kommerzielle Dienstleistungen (11,87 %) 100.000 Allied Universal Holdco LLC (International) | 3,63 | 01.06.2028 | 97.750 | 0,57 |
| 450.000 La Financiere Atalian SASU (France) | 4,00 | 15.05.2024 | 441.266 | 2,58 |
| 100.000 La Financiere Atalian SASU (France) | 5,13 | 15.05.2025 | 99.059 | 0,58 |
| 100.000 Loxam SAS (France) | 2,88 | 15.04.2026 | 99.043 | 0,58 |
| 245.000 Loxam SAS (France) | 3,75 | 15.07.2026 | 248.178 | 1,45 |
| 294.531 Techem Verwaltungsgesellschaft 674 mbH (Germany) | 6,00 | 30.07.2026 | 302.796 | 1,77 |
| 240.000 Techem Verwaltungsgesellschaft 675 mbH (Germany) | 2,00 | 15.07.2025 | 237.212 | 1,39 |
| 500.000 Verisure Midholding AB (Sweden) | 5,25 | 15.02.2029 | 507.179 | 2,95 |
|  |  |  | 2.032.483 | 11,87 |
| Stromversorgungsbetriebe (1,93 %) 200.000 Electricite de France SA (France) | 5,38 | 29.01.2049 | 219.250 | 1,28 |
| 100.000 Electricite de France SA (France) | 5,00 | 31.12.2099 | 110.500 | 0,65 |
|  |  |  | 329.750 | 1,93 |
| Unterhaltung (1,16 %) 100.000 Banijay Group SAS (France) | 6,50 | 01.03.2026 | 103.838 | 0,60 |
| 100.000 Motion Bondco DAC (Ireland) | 4,50 | 15.11.2027 | 95.278 | 0,56 |
|  |  |  | 199.116 | 1,16 |


## 31. Dezember 2021
| NICHT-US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (88,83 %) (30. | Juni 2021: 87,51 %)  Forts. |  |  |
| --- | --- | --- | --- |
| Kapitalbetrag	Kuponsatz | Fälligkeit | Wert EUR | % vom Teilfonds |
| Umweltkontrolle (0,59 %) 100.000 EUR Paprec Holding SA (France)	3,50 | 01.07.2028 | 101.460 EUR | 0,59 |
|  |  | 101.460 | 0,59 |
| Lebensmittel (4,74 %) 200.000 Casino Guichard Perrachon SA (France) | 3,58 | 07.02.2025 | 192.534 | 1,12 |
| 100.000 Casino Guichard Perrachon SA (France) | 6,63 | 15.01.2026 | 100.958 | 0,59 |
| 100.000 Casino Guichard Perrachon SA (France) | 5,25 | 15.04.2027 | 94.644 | 0,55 |
| 175.000 GBP Iceland Bondco PLC (United Kingdom) | 4,63 | 15.03.2025 | 195.312 | 1,14 |
| 135.000 EUR Picard Groupe SAS (France) | 3,88 | 01.07.2026 | 136.497 | 0,80 |
| 100.000 Sigma Holdco BV (Netherlands) | 5,75 | 15.05.2026 | 92.063 | 0,54 |
|  |  |  | 812.008 | 4,74 |
| Medizinische Dienstleistungen (6,13 %) 270.000 Chrome Bidco SASU (France) | 3,50 | 31.05.2028 | 272.606 | 1,59 |
| 195.000 Chrome Holdco SASU (France) | 5,00 | 31.05.2029 | 195.846 | 1,14 |
| 325.000 Laboratoire Eimer Selas (France) | 5,00 | 01.02.2029 | 328.749 | 1,92 |
| 250.000 Unilabs Subholding AB (Sweden) | 5,75 | 15.05.2025 | 252.543 | 1,48 |
|  |  |  | 1.049.744 | 6,13 |
| Wohnungsbau (0,70 %) |  |  |  |  |
| 100.000 GBP Miller Homes Group Holdings PLC (United Kingdom)	5,50 | 15.10.2024 | 120.272 | 0,70 |
|  |  | 120.272 | 0,70 |
| Investmentgesellschaften (0,55 %) |  |  |  |  |
| 90.000 EUR Vertical Holdco GmbH (International)	6,63 | 15.07.2028 | 94.742 | 0,55 |
|  |  | 94.742 | 0,55 |
| Freizeit (0,60 %) 100.000 Pinnacle Bidco PLC (United Kingdom) | 5,50 | 15.02.2025 | 102.250 | 0,60 |
|  |  |  | 102.250 | 0,60 |
| Medien (7,35 %) 100.000 Altice Finco SA (Luxembourg) | 4,75 | 15.01.2028 | 94.911 | 0,55 |
| 125.000 Tele Columbus AG (Germany) | 3,88 | 02.05.2025 | 123.064 | 0,72 |
| 100.000 Telenet Finance Luxembourg Notes Sarl (Luxembourg) | 3,50 | 01.03.2028 | 102.337 | 0,60 |
| 100.000 Virgin Media Finance PLC (United Kingdom) | 3,75 | 15.07.2030 | 99.747 | 0,58 |
| 100.000 GBP Virgin Media Secured Finance PLC (United Kingdom) | 5,25 | 15.05.2029 | 123.819 | 0,72 |
| 145.000 Virgin Media Secured Finance PLC (United Kingdom) | 4,13 | 15.08.2030 | 169.677 | 0,99 |
| 125.000 EUR VZ Vendor Financing II BV (Netherlands) | 2,88 | 15.01.2029 | 120.675 | 0,70 |
| 435.000 Ziggo Bond Company BV (Netherlands) | 3,38 | 28.02.2030 | 423.843 | 2,49 |
|  |  |  | 1.258.073 | 7,35 |
| Bergbau (1,59 %) |  |  |  |  |
| 275.000 Constellium SE (France)	3,13 | 15.07.2029 | 272.173 | 1,59 |
|  |  | 272.173 | 1,59 |
| Verpackungen und Container (5,41 %) 360.000 ARD Finance SA (Luxembourg) | 5,00 | 30.06.2027 | 369.082 | 2,16 |
| 125.000 Ardagh Metal Packaging Finance USA LLC (International) | 2,00 | 01.09.2028 | 123.549 | 0,72 |
| 100.000 Ardagh Metal Packaging Finance USA LLC (International) | 3,00 | 01.09.2029 | 97.884 | 0,57 |
| 135.000 Canpack SA (International) | 2,38 | 01.11.2027 | 135.497 | 0,79 |
| 100.000 Kleopatra Holdings 2 SCA (Luxembourg) | 6,50 | 01.09.2026 | 91.188 | 0,53 |
| 110.000 Titan Holdings II BV (Netherlands) | 5,13 | 15.07.2029 | 109.126 | 0,64 |
|  |  |  | 926.326 | 5,41 |
| Pharma (2,51 %) |  |  |  |  |
| 435.000 Teva Pharmaceutical Finance Netherlands II BV (Netherlands)	4,38 | 09.05.2030 | 429.302 | 2,51 |
|  |  | 429.302 | 2,51 |

| Anlagenverzeichnis  Forts. 31. Dezember 2021 NICHT-US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (88,83 %) (30. Juni | 2021: 87,51 %)  Forts. |  |
| --- | --- | --- |
| Kapitalbetrag | Kuponsatz | Fälligkeit | Wert EUR | % vom Teilfonds |
| Immobilien (5,57 %) 100.000 EUR ADLER Group SA (Luxembourg) | 1,50 | 26.07.2024 | 87.313 EUR | 0,51 |
| 130.000 Aedas Homes Opco SLU (Spain) | 4,00 | 15.08.2026 | 133.873 | 0,78 |
| 100.000 Foncia Management SASU (France) | 3,38 | 31.03.2028 | 98.119 | 0,57 |
| 305.000 GBP Iron Mountain UK PLC (United Kingdom) | 3,88 | 15.11.2025 | 363.912 | 2,13 |
| 125.000 EUR Neinor Homes SA (Spain) | 4,50 | 15.10.2026 | 126.850 | 0,74 |
| 140.000 Via Celere Desarrollos Inmobiliarios SA (Spain)	5,25 | 01.04.2026 | 143.966 | 0,84 |
|  |  | 954.033 | 5,57 |
| Einzelhandel (1,19 %) 100.000 Dufry One BV (Netherlands) | 3,38 | 15.04.2028 | 96.789 | 0,57 |
| 100.000 Mobilux Finance SAS (France) | 4,25 | 15.07.2028 | 99.461 | 0,57 |
| 225.000 GBP Phosphorus Holdco PLC (United Kingdom)	1,00 | 01.04.2022 | 8.025 | 0,05 |
|  |  | 204.275 | 1,19 |
| Software (1,53 %) |  |  |  |  |
| 265.000 EUR Brunello Bidco SpA (Italy)	3,50 | 15.02.2028 | 262.133 | 1,53 |
|  |  | 262.133 | 1,53 |
| Telekommunikation (10,56 %) 300.000 Altice France Holding SA (Luxembourg) | 8,00 | 15.05.2027 | 316.869 | 1,85 |
| 120.000 Altice France SA (France) | 3,38 | 15.01.2028 | 116.644 | 0,68 |
| 100.000 eircom Finance DAC (Ireland) | 3,50 | 15.05.2026 | 101.330 | 0,59 |
| 115.000 Lorca Telecom Bondco SA (Spain) | 4,00 | 18.09.2027 | 116.991 | 0,68 |
| 155.000 Matterhorn Telecom SA (Luxembourg) | 4,00 | 15.11.2027 | 158.036 | 0,92 |
| 145.000 Telecom Italia SpA (Italy) | 3,63 | 19.01.2024 | 150.381 | 0,88 |
| 400.000 Telefonica Europe BV (Netherlands) | 5,88 | 31.03.2049 | 438.500 | 2,56 |
| 100.000 Telefonica Europe BV (Netherlands) | 2,88 | 31.12.2099 | 99.375 | 0,59 |
| 120.000 GBP Vmed O2 UK Financing I PLC (United Kingdom) | 4,50 | 15.07.2031 | 142.399 | 0,83 |
| 165.000 EUR WP/AP Telecom Holdings III BV (Netherlands) | 5,50 | 15.01.2030 | 167.740 | 0,98 |
|  |  |  | 1.808.265 | 10,56 |
| Transport (2,84 %) 440.000 CMA CGM SA (France) | 7,50 | 15.01.2026 | 484.122 | 2,84 |
|  |  |  | 484.122 | 2,84 |
| Summe Nicht-US-Unternehmensanleihen und -Schuldverschreibungen |  |  | 15.207.424 EUR | 88,83 |
| US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (6,17 %) (30. Juni 2021: 6,74 %) |  |  |  |  |
| Kapitalbetrag | Kuponsatz | Fälligkeit | Wert EUR | % vom Teilfonds |
| Chemie (1,18 %) 100.000 EUR Chemours Company | 4,00 | 15.05.2026 | 101.102 EUR | 0,59 |
| 100.000 SCIL IV LLC | 4,38 | 01.11.2026 | 101.729 | 0,59 |
|  |  |  | 202.831 | 1,18 |
| Elektronische Bauteile und Geräte (0,59 %) 100.000 Belden Incorporated | 4,13 | 15.10.2026 | 101.813 | 0,59 |

101.813	0,59
Unterhaltung (0,59 %)
100.000 Scientific Games International Incorporated	3,38	15.02.2026	100.782	0,59
100.782	0,59
Medizinische Dienstleistungen (0,59 %)
100.000 IQVIA Incorporated	2,25	15.01.2028	100.521	0,59
100.521	0,59
| 31. Dezember 2021 US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (6,17 %) (30. Juni 2021: 6,74 %) | Forts. |  |
| --- | --- | --- |
| Kapitalbetrag | Kuponsatz | Fälligkeit | Wert EUR | % vom Teilfonds |
| Internet (1,43 %) 100.000 EUR Netflix Incorporated | 3,63 | 15.05.2027 | 114.682 EUR | 0,67 |
| 105.000 Netflix Incorporated | 4,63 | 15.05.2029 | 130.890 | 0,76 |
|  |  |  | 245.572 | 1,43 |
| Verpackungen und Container (1,17 %) |  |  |  |  |
| 200.000 Mauser Packaging Solutions Holding Company	4,75 | 15.04.2024 | 199.532 | 1,17 |
|  |  | 199.532 | 1,17 |
| Software (0,62 %) 100.000 Boxer Parent Company Incorporated |  | 6,50 | 02.10.2025 | 104.994 | 0,62 |
|  |  |  |  | 104.994 | 0,62 |
| Summe US-Unternehmensanleihen und -Schuldverschreibungen |  |  |  | 1.056.045 EUR | 6,17 |
| Gesamtwert der Kapitalanlagen ohne derivative Finanzinstrumente |  |  |  | 16.263.469 EUR | 95,00 |
| DEVISENTERMINKONTRAKTE (-0,05 %) (30. Juni 2021: -0,18 %) |  |  |  |  |  |
|  |  |  | Gesamtnenn- | Nicht realisierter Wertzuwachs/ |  |
| Kontrahent	Währung	Kontrakttyp* | Liefertermin | Wert EUR | wert EUR | (Wertverlust) EUR | % vom Teilfonds |
| Barclays Bank PLC Pfund Sterling	Verkauf | 16.03.2022 | 188.709 EUR | 186.576 EUR | (2.133) EUR | (0,01) |
| Citibank, N.A. Pfund Sterling	Verkauf | 16.03.2022 | 735.017 | 726.633 | (8.384) | (0,05) |
| Goldman Sachs International US-Dollar | Verkauf | 16.03.2022 | 902.671 | 905.586 | 2.915 | 0,02 |
| Morgan Stanley & Co. International PLC US-Dollar | Verkauf | 16.03.2022 | 126.472 | 126.873 | 401 | - |
| State Street Bank & Trust Company Pfund Sterling | Kauf | 16.03.2022 | 18.159 | 17.878 | 281 | - |
| Pfund Sterling | Verkauf | 16.03.2022 | 214.464 | 212.044 | (2.420) | (0,01) |
| Nicht realisierter Wertzuwachs aus Devisenterminkontrakten | 3.597 EUR | 0,02 |
| Nicht realisierter Wertverlust aus Devisenterminkontrakten | (12.937) EUR | (0,07) |
| Nicht realisierter Wertverlust aus Devisenterminkontrakten, netto | (9.340) EUR | (0,05) |
| Summe finanzieller Vermögenswerte, erfolgswirksam zum beizulegenden Zeitwert | 16.267.066 EUR | 95,02 |
| Summe finanzieller Verbindlichkeiten, erfolgswirksam zum beizulegenden Zeitwert | (12.937) EUR | (0,07) |
| * Die Umtauschwährung für alle aufgeführten Verträge ist der Euro. |  |  |
| Analyse des Gesamtvermögens |  | % des Gesamt- vermö- gens |
| Übertragbare Wertpapiere, die an einer amtlichen Börse zur Notierung zugelassen wurden |  | 87,49 |
| Übertragbare Wertpapiere, die an einem anderen geregelten Markt gehandelt werden |  | 6,42 |
| Sonstige übertragbare Wertpapiere gemäß Vorschrift 68 (1) (a), (b) und (c) |  | 0,60 |
| Im Freiverkehr gehandelte derivative Finanzinstrumente (OTC-Derivate) |  | 0,02 |
| Sonstige Vermögenswerte |  | 5,47 |
| Summe Vermögenswerte |  | 100,00 |


## Anlagenverzeichnis
31. Dezember 2021
HYPOTHEKENOBLIGATIONEN DER US-REGIERUNG UND -BEHÖRDEN (47,87 %) (30. Juni 2021: 64,33 %)
Kapital- betrag
Kupon-
satz
Fälligkeits-
termin
Wert USD
% vom Teilfonds
| Hypothekenobligationen der US-Behörden (45,94 %) |  |
| --- | --- |
| 10.415 USD Uniform Mortgage Backed Securities Pass-Through Certificates | 4,50 | 01.05.2049 | 11.272 USD | 0,01 |
| 12.120 Uniform Mortgage Backed Securities Pass-Through Certificates | 5,00 | 01.05.2049 | 13.181 | 0,01 |
| 656 Uniform Mortgage Backed Securities Pass-Through Certificates | 5,00 | 01.12.2038 | 735 | - |
| 7.749 Uniform Mortgage Backed Securities Pass-Through Certificates | 5,00 | 01.03.2038 | 8.658 | 0,01 |
| 766 Uniform Mortgage Backed Securities Pass-Through Certificates | 5,00 | 01.02.2038 | 856 | - |
| 4.000.000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 3,00 | 14.02.2052 | 4.139.532 | 3,54 |
| 7.000.000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 3,50 | 14.02.2052 | 7.362.580 | 6,29 |
| 9.000.000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 4,00 | 14.01.2052 | 9.573.399 | 8,18 |
| 3.000.000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 5,50 | 14.01.2052 | 3.245.630 | 2,77 |
| 4.000.000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 6,00 | 14.01.2052 | 4.321.228 | 3,69 |
| 10.000.000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 3,00 | 13.01.2052 | 10.363.672 | 8,86 |
| 1.000.000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 2,50 | 25.07.2051 | 1.021.094 | 0,87 |
| 13.000.000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 3,50 | 25.02.2049 | 13.690.627 | 11,71 |
|  |  |  | 53.752.464 | 45,94 |
| Garantierte Hypothekenobligationen der US-Regierung (1,93 %) 14.169 Government National Mortgage Association Pass-Through Certificates | 3,50 | 20.11.2049 | 15.033 | 0,01 |
| 13.703 Government National Mortgage Association Pass-Through Certificates | 3,50 | 20.11.2049 | 14.552 | 0,01 |
| 36.316 Government National Mortgage Association Pass-Through Certificates | 3,50 | 20.10.2049 | 38.532 | 0,03 |
| 22.280 Government National Mortgage Association Pass-Through Certificates | 5,00 | 20.05.2049 | 24.466 | 0,02 |
| 40.778 Government National Mortgage Association Pass-Through Certificates | 5,00 | 20.05.2049 | 44.614 | 0,04 |
| 2.000.000 Government National Mortgage Association Pass-Through Certificates TBA | 4,50 | 21.01.2052 | 2.114.047 | 1,82 |
|  |  |  | 2.251.244 | 1,93 |
| Summe Hypothekenobligationen der US-Regierung und -Behörden |  |  | 56.003.708 USD | 47,87 |
| MBS-ANLEIHEN (50,95 %) (30. Juni 2021: 46,89 %) |  |  |  |  |
| Kapital- | Kupon- | Fälligkeits- | Wert | % vom |
| betrag | satz | termin | USD | Teilfonds |
| Hypothekenobligationen besichert von Behörden (20,93 %) 2.867.438 USD Federal Home Loan Mortgage Corporation (Class BI) | 4,50 | 25.11.2051 | 449.543 USD | 0,38 |
| 1.022.160 Federal Home Loan Mortgage Corporation (Class C21) | 6,00 | 15.06.2039 | 218.962 | 0,19 |
| 2.644.446 Federal Home Loan Mortgage Corporation (Class CI) | 4,00 | 25.11.2050 | 393.078 | 0,34 |
| 1.913.439 Federal Home Loan Mortgage Corporation (Class EI) | 3,50 | 25.01.2051 | 316.965 | 0,27 |
| 1.146.457 Federal Home Loan Mortgage Corporation (Class ES) | 5,90 | 25.12.2049 | 143.712 | 0,12 |
| 448.387 Federal Home Loan Mortgage Corporation (Class ES) | 6,14 | 15.11.2042 | 46.225 | 0,04 |
| 993.146 Federal Home Loan Mortgage Corporation (Class GI) | 3,00 | 15.01.2043 | 20.519 | 0,02 |
| 2.192.111 Federal Home Loan Mortgage Corporation (Class GS) | 5,95 | 25.09.2049 | 283.983 | 0,24 |
| 3.987.888 Federal Home Loan Mortgage Corporation (Class IB) | 2,50 | 25.03.2051 | 605.453 | 0,52 |
| 5.303.880 Federal Home Loan Mortgage Corporation (Class IB) | 3,00 | 25.12.2050 | 720.659 | 0,61 |
| 2.170.630 Federal Home Loan Mortgage Corporation (Class IK) | 4,00 | 25.04.2050 | 357.720 | 0,31 |
| 1.400.274 Federal Home Loan Mortgage Corporation (Class IO) | 5,00 | 15.02.2049 | 238.159 | 0,20 |
| 5.159.287 Federal Home Loan Mortgage Corporation (Class IP) | 3,00 | 25.10.2050 | 664.892 | 0,56 |
| 3.978.250 Federal Home Loan Mortgage Corporation (Class IQ) | 3,00 | 25.03.2051 | 452.685 | 0,39 |
| 3.372.766 Federal Home Loan Mortgage Corporation (Class NI) | 3,50 | 25.12.2051 | 422.098 | 0,36 |
| 3.383.398 Federal Home Loan Mortgage Corporation (Class NI) | 4,00 | 25.08.2049 | 616.859 | 0,53 |
| 859.302 Federal Home Loan Mortgage Corporation (Class PI) | 4,00 | 15.03.2043 | 112.751 | 0,10 |
| 2.006.385 Federal Home Loan Mortgage Corporation (Class SM) | 5,94 | 15.08.2044 | 325.476 | 0,28 |
| 1.265.712 Federal Home Loan Mortgage Corporation (Class WS) | 5,90 | 25.02.2050 | 241.641 | 0,21 |
| 10.321 Federal National Mortgage Association (Class 2) | 5,50 | 25.05.2037 | 2.052 | - |
| 47.082 Federal National Mortgage Association (Class 2) | 5,00 | 25.10.2036 | 8.856 | 0,01 |
| 12.305 Federal National Mortgage Association (Class 2) | 6,50 | 25.07.2036 | 2.603 | - |


## 31. Dezember 2021
MBS-ANLEIHEN (50,95 %) (30. Juni 2021: 46,89 %) 
Forts.
Kapital- betrag
Hypothekenobligationen besichert von Behörden (20,93 %) 
Forts.
Kupon-
satz
Fälligkeits-
termin
Wert USD
% vom Teilfonds
| 14.666 USD Federal National Mortgage Association (Class 2) | 6,00 | 25.06.2036 | 3.297 USD | - |
| --- | --- | --- | --- | --- |
| 5.595.331 Federal National Mortgage Association (Class CI) | 3,50 | 25.10.2050 | 979.182 | 0,83 |
| 48.061 Federal National Mortgage Association (Class HI) | 4,50 | 25.12.2040 | 952 | - |
| 3.263.230 Federal National Mortgage Association (Class IL) | 3,00 | 25.03.2051 | 494.358 | 0,42 |
| 590.778 Federal National Mortgage Association (Class IP) | 4,00 | 25.03.2044 | 56.676 | 0,05 |
| 3.230.185 Federal National Mortgage Association (Class JI) | 4,50 | 25.04.2051 | 552.685 | 0,46 |
| 606.535 Federal National Mortgage Association (Class JI) | 3,00 | 25.12.2041 | 36.921 | 0,03 |
| 3.101.100 Federal National Mortgage Association (Class KI) | 3,00 | 25.10.2050 | 414.247 | 0,35 |
| 1.407.783 Federal National Mortgage Association (Class KI) | 6,00 | 25.03.2048 | 315.527 | 0,27 |
| 1.417.026 Federal National Mortgage Association (Class KI) | 5,00 | 25.06.2041 | 245.669 | 0,21 |
| 3.400.492 Federal National Mortgage Association (Class KS) | 5,90 | 25.01.2050 | 577.064 | 0,48 |
| 1.477.200 Federal National Mortgage Association (Class LI) | 7,00 | 25.11.2034 | 307.917 | 0,26 |
| 995.717 Federal National Mortgage Association (Class LS) | 5,90 | 25.09.2042 | 162.700 | 0,14 |
| 1.414.010 Federal National Mortgage Association (Class PS) | 5,95 | 25.11.2049 | 255.418 | 0,22 |
| 3.813.328 Federal National Mortgage Association (Class QI) | 4,50 | 25.09.2051 | 725.603 | 0,62 |
| 1.661.596 Federal National Mortgage Association (Class SA) | 5,95 | 25.10.2049 | 298.057 | 0,25 |
| 158.735 Federal National Mortgage Association (Class SB) | 6,35 | 25.05.2040 | 25.468 | 0,02 |
| 1.720.599 Federal National Mortgage Association (Class SC) | 5,85 | 25.07.2050 | 299.477 | 0,26 |
| 2.285.843 Federal National Mortgage Association (Class SE) | 6,00 | 25.06.2050 | 473.984 | 0,41 |
| 3.834.898 Federal National Mortgage Association (Class SK) | 5,95 | 25.03.2050 | 670.954 | 0,56 |
| 1.984.886 Federal National Mortgage Association (Class SL) | 6,05 | 25.01.2048 | 333.752 | 0,29 |
| 370.008 Federal National Mortgage Association (Class UI) | 4,00 | 25.11.2042 | 55.173 | 0,05 |
| 1.381.019 Government National Mortgage Association (Class AI) | 2,37 | 20.02.2068 | 117.387 | 0,10 |
| 4.776.795 Government National Mortgage Association (Class AI) | 2,28 | 20.01.2068 | 378.800 | 0,32 |
| 1.808.731 Government National Mortgage Association (Class AI) | 1,67 | 20.02.2066 | 108.730 | 0,09 |
| 3.951.733 Government National Mortgage Association (Class AI) | 1,62 | 20.09.2065 | 218.136 | 0,19 |
| 2.113.737 Government National Mortgage Association (Class AI) | 1,81 | 20.06.2065 | 131.778 | 0,11 |
| 1.825.618 Government National Mortgage Association (Class AI) | 4,50 | 16.09.2045 | 289.324 | 0,25 |
| 1.453.768 Government National Mortgage Association (Class BI) | 2,42 | 20.01.2067 | 100.112 | 0,09 |
| 5.269.654 Government National Mortgage Association (Class BI) | 1,55 | 20.05.2065 | 158.200 | 0,14 |
| 4.433.853 Government National Mortgage Association (Class BI) | 1,69 | 20.02.2065 | 260.028 | 0,22 |
| 4.343.649 Government National Mortgage Association (Class CI) | 1,96 | 20.01.2070 | 294.554 | 0,25 |
| 4.322.406 Government National Mortgage Association (Class CI) | 1,75 | 20.10.2065 | 265.828 | 0,23 |
| 2.954.942 Government National Mortgage Association (Class CI) | 1,46 | 20.03.2064 | 104.856 | 0,09 |
| 224.695 Government National Mortgage Association (Class CI) | 4,00 | 20.03.2042 | 34.232 | 0,03 |
| 170.837 Government National Mortgage Association (Class CS) | 5,95 | 20.02.2050 | 19.286 | 0,02 |
| 2.993.843 Government National Mortgage Association (Class DI) | 1,73 | 20.10.2065 | 213.853 | 0,18 |
| 2.442.376 Government National Mortgage Association (Class DI) | 3,50 | 20.08.2045 | 370.499 | 0,32 |
| 4.328.942 Government National Mortgage Association (Class EI) | 1,60 | 20.08.2065 | 121.210 | 0,10 |
| 987.311 Government National Mortgage Association (Class GS) | 6,00 | 20.03.2050 | 161.777 | 0,14 |
| 2.122.766 Government National Mortgage Association (Class HI) | 2,11 | 20.09.2065 | 91.916 | 0,08 |
| 1.089.371 Government National Mortgage Association (Class IA) | 4,50 | 20.09.2047 | 193.244 | 0,17 |
| 412.329 Government National Mortgage Association (Class IA) | 3,50 | 20.04.2040 | 6.561 | 0,01 |
| 1.119.986 Government National Mortgage Association (Class IE) | 4,00 | 16.01.2043 | 100.308 | 0,09 |
| 2.399.511 Government National Mortgage Association (Class IH) | 1,76 | 20.07.2067 | 131.150 | 0,11 |
| 531.040 Government National Mortgage Association (Class IK) | 3,50 | 20.03.2038 | 13.860 | 0,01 |
| 4.831.813 Government National Mortgage Association (Class IL) | 3,00 | 20.06.2051 | 429.417 | 0,37 |
| 834.546 Government National Mortgage Association (Class IL) | 4,00 | 20.08.2044 | 105.079 | 0,09 |
| 2.711.755 Government National Mortgage Association (Class IO) | 1,86 | 20.10.2066 | 153.626 | 0,13 |
| 346.988 Government National Mortgage Association (Class IT) | 5,00 | 20.01.2043 | 65.269 | 0,06 |
| 1.448.424 Government National Mortgage Association (Class JS) | 6,00 | 20.08.2049 | 194.237 | 0,17 |
| 1.617.791 Government National Mortgage Association (Class JS) | 6,00 | 20.09.2046 | 278.438 | 0,24 |
| 5.377.343 Government National Mortgage Association (Class KI) | 2,12 | 20.02.2070 | 402.763 | 0,34 |
| 1.363.189 Government National Mortgage Association (Class KI) | 4,00 | 20.07.2044 | 149.780 | 0,13 |
| 2.489.996 Government National Mortgage Association (Class KS) | 5,94 | 16.09.2049 | 621.068 | 0,52 |
| 50.314 Government National Mortgage Association (Class KS) | 5,95 | 20.08.2049 | 6.655 | 0,01 |


## 31. Dezember 2021
MBS-ANLEIHEN (50,95 %) (30. Juni 2021: 46,89 %) 
Forts.
Kapital- betrag
Kupon-
satz
Fälligkeits-
termin
Wert USD
% vom Teilfonds
| Hypothekenobligationen besichert von Behörden (20,93 %)  Forts. 2.718.347 USD Government National Mortgage Association (Class MI) | 1,82 | 20.04.2067 | 150.596 USD | 0,13 |
| --- | --- | --- | --- | --- |
| 1.630.254 Government National Mortgage Association (Class MI) | 2,05 | 20.04.2067 | 112.324 | 0,10 |
| 2.501.259 Government National Mortgage Association (Class MI) | 4,00 | 20.02.2051 | 357.205 | 0,31 |
| 2.189.415 Government National Mortgage Association (Class MI) | 2,50 | 20.11.2050 | 248.367 | 0,21 |
| 1.830.832 Government National Mortgage Association (Class NI) | 2,12 | 20.10.2066 | 118.821 | 0,10 |
| 2.185.071 Government National Mortgage Association (Class PI) | 3,50 | 20.12.2049 | 252.485 | 0,22 |
| 673.228 Government National Mortgage Association (Class PI) | 3,50 | 20.02.2045 | 99.907 | 0,09 |
| 3.032.542 Government National Mortgage Association (Class QI) | 2,12 | 20.09.2067 | 212.618 | 0,18 |
| 236.773 Government National Mortgage Association (Class QI) | 4,50 | 20.01.2040 | 39.612 | 0,03 |
| 1.768.846 Government National Mortgage Association (Class SA) | 6,00 | 20.03.2044 | 333.860 | 0,29 |
| 1.647.709 Government National Mortgage Association (Class SC) | 5,95 | 20.02.2049 | 228.616 | 0,20 |
| 1.427.836 Government National Mortgage Association (Class SD) | 6,55 | 20.12.2039 | 268.840 | 0,23 |
| 2.240.169 Government National Mortgage Association (Class SG) | 5,90 | 20.02.2049 | 346.868 | 0,30 |
| 2.659.317 Government National Mortgage Association (Class SG) | 6,05 | 20.06.2043 | 441.392 | 0,37 |
| 68.178 Government National Mortgage Association (Class SJ) | 5,95 | 20.06.2049 | 8.136 | 0,01 |
| 634.653 Government National Mortgage Association (Class SK) | 6,50 | 20.04.2038 | 143.691 | 0,12 |
| 2.215.138 Government National Mortgage Association (Class SN) | 6,10 | 20.07.2050 | 364.849 | 0,31 |
| 603.392 Government National Mortgage Association (Class UI) | 5,00 | 20.12.2039 | 111.628 | 0,10 |
| 1.506.133 Government National Mortgage Association (Class WI) | 4,75 | 20.12.2040 | 182.799 | 0,16 |
| 2.622.135 Government National Mortgage Association (Class XI) | 1,89 | 20.07.2065 | 193.776 | 0,17 |
| 716.774 Government National Mortgage Association (Class XI) | 3,50 | 20.05.2045 | 50.748 | 0,04 |
|  |  |  | 24.489.071 | 20,93 |
| CMBS-Anleihen (20,06 %) 122.000 Banc of America Commercial Mortgage Trust 2016-UBS10 (Class C) | 4,85 | 15.07.2049 | 131.367 | 0,11 |
| 82.011 Bear Stearns Commercial Mortgage Securities Trust 2006-PWR14 (Class XW) | 0,52 | 11.12.2038 | 467 | - |
| 875.000 Bear Stearns Commercial Mortgage Securities Trust 2007-TOP26 (Class AJ) | 5,43 | 12.01.2045 | 673.750 | 0,58 |
| 160.000 Benchmark 2018-B1 Mortgage Trust (Class C) | 4,11 | 15.01.2051 | 169.281 | 0,14 |
| 196.000 CD 2017-CD3 Mortgage Trust (Class C) | 4,55 | 10.02.2050 | 198.321 | 0,17 |
| 363.000 Citigroup Commercial Mortgage Trust 2012-GC8 (Class B) | 4,29 | 10.09.2045 | 366.978 | 0,31 |
| 209.000 Citigroup Commercial Mortgage Trust 2012-GC8 (Class C) | 4,88 | 10.09.2045 | 208.242 | 0,18 |
| 2.203.714 Citigroup Commercial Mortgage Trust 2013-GC17 (Class XA) | 1,00 | 10.11.2046 | 33.062 | 0,03 |
| 3.833.446 Citigroup Commercial Mortgage Trust 2014-GC21 (Class XA) | 1,15 | 10.05.2047 | 88.166 | 0,08 |
| 233.000 Citigroup Commercial Mortgage Trust 2015-GC31 (Class D) | 4,04 | 10.06.2048 | 229.664 | 0,20 |
| 485.000 Citigroup Commercial Mortgage Trust 2015-P1 (Class C) | 4,37 | 15.09.2048 | 500.071 | 0,43 |
| 890.000 Citigroup Mortgage Loan Trust Incorporated (Class M1) | 0,36 | 25.06.2037 | 880.687 | 0,74 |
| 463.000 Commercial 2010-C1 Mortgage Trust (Class D) | 5,99 | 10.07.2046 | 458.594 | 0,39 |
| 1.000.000 Commercial 2012-CCRE3 Mortgage Trust (Class F) | 4,75 | 15.10.2045 | 251.660 | 0,22 |
| 450.000 Commercial 2012-LC4 Mortgage Trust (Class B) | 4,93 | 10.12.2044 | 449.721 | 0,38 |
| 309.000 Commercial 2013-CCRE13 Mortgage Trust (Class D) | 4,88 | 10.11.2046 | 312.798 | 0,27 |
| 275.000 Commercial 2013-CCRE13 Mortgage Trust (Class E) | 4,88 | 10.11.2046 | 264.355 | 0,23 |
| 172.000 Commercial 2013-CCRE9 Mortgage Trust (Class D) | 4,28 | 10.07.2045 | 129.824 | 0,11 |
| 4.220.114 Commercial 2013-LC13 Mortgage Trust (Class XA) | 1,00 | 10.08.2046 | 56.220 | 0,05 |
| 796.000 Commercial 2014-CCRE17 Mortgage Trust (Class C) | 4,78 | 10.05.2047 | 826.693 | 0,70 |
| 8.866.235 Commercial 2014-CCRE19 Mortgage Trust (Class XA) | 0,95 | 10.08.2047 | 180.556 | 0,15 |
| 228.000 Commercial 2014-UBS4 Mortgage Trust (Class C) | 4,65 | 10.08.2047 | 232.179 | 0,20 |
| 5.443.442 Commercial 2014-UBS4 Mortgage Trust (Class XA) | 1,09 | 10.08.2047 | 121.282 | 0,10 |
| 232.000 Commercial 2014-UBS6 Mortgage Trust (Class C) | 4,44 | 10.12.2047 | 237.381 | 0,20 |
| 527.000 Commercial 2015-LC19 Mortgage Trust (Class C) | 4,23 | 10.02.2048 | 548.214 | 0,47 |
| 362.000 Commercial 2015-LC19 Mortgage Trust (Class D) | 2,87 | 10.02.2048 | 347.381 | 0,30 |
| 210.000 Commercial 2016-COR1 Mortgage Trust (Class C) | 4,33 | 10.10.2049 | 220.433 | 0,19 |
| 201.000 Commercial 2017-COR2 Mortgage Trust (Class D) | 3,00 | 10.09.2050 | 186.938 | 0,16 |
| 22.813 Credit Suisse Commercial Mortgage Trust Series 2007-C2 (Class B) | 5,63 | 15.01.2049 | 22.499 | 0,02 |
| 1.099.554 Credit Suisse Commercial Mortgage Trust Series 2008-C1 (Class AJ) | 5,82 | 15.02.2041 | 545.379 | 0,47 |
| 265.000 CSAIL 2015-C1 Commercial Mortgage Trust (Class C) | 4,26 | 15.04.2050 | 250.531 | 0,21 |
| 179.000 CSAIL 2015-C1 Commercial Mortgage Trust (Class D) | 3,76 | 15.04.2050 | 140.076 | 0,12 |


## 31. Dezember 2021
MBS-ANLEIHEN (50,95 %) (30. Juni 2021: 46,89 %) 
Forts.
Kapital- betrag
Kupon-
satz
Fälligkeits-
termin
Wert USD
% vom Teilfonds
| CMBS-Anleihen (20,06 %)  Forts. 573.000 USD DBUBS 2011-LC3 Mortgage Trust (Class D) | 5,37 | 10.08.2044 | 569.619 USD | 0,49 |
| --- | --- | --- | --- | --- |
| 1.952.000 Freddie Mac Multiclass Certificates Series 2015-P001 (Class DX) | 1,82 | 27.09.2028 | 209.718 | 0,18 |
| 376.000 GS Mortgage Securities Trust 2010-C1 (Class D) | 5,99 | 10.08.2043 | 276.772 | 0,24 |
| 121.337 GS Mortgage Securities Trust 2012-GC6 (Class D) | 5,87 | 10.01.2045 | 121.082 | 0,10 |
| 202.000 GS Mortgage Securities Trust 2012-GCJ9 (Class C) | 4,45 | 10.11.2045 | 202.071 | 0,17 |
| 799.000 GS Mortgage Securities Trust 2014-GC18 (Class C) | 4,98 | 10.01.2047 | 439.450 | 0,38 |
| 7.751.757 GS Mortgage Securities Trust 2014-GC18 (Class XA) | 0,98 | 10.01.2047 | 117.052 | 0,10 |
| 251.000 GS Mortgage Securities Trust 2014-GC22 (Class C) | 4,69 | 10.06.2047 | 257.652 | 0,22 |
| 1.191.000 GS Mortgage Securities Trust 2014-GC24 (Class D) | 4,53 | 10.09.2047 | 824.959 | 0,71 |
| 101.000 GS Mortgage Securities Trust 2015-GC30 (Class C) | 4,07 | 10.05.2050 | 104.184 | 0,09 |
| 335.000 JP Morgan Chase Commercial Mortgage Securities Trust 2010-C2 (Class D) | 5,69 | 15.11.2043 | 332.809 | 0,28 |
| 290.000 JP Morgan Chase Commercial Mortgage Securities Trust 2012-C6 (Class B) | 4,82 | 15.05.2045 | 291.130 | 0,25 |
| 416.000 JP Morgan Chase Commercial Mortgage Securities Trust 2012-C8 (Class D) | 4,67 | 15.10.2045 | 402.207 | 0,34 |
| 8.211.981 JP Morgan Chase Commercial Mortgage Securities Trust 2013-C10 (Class XA) | 0,93 | 15.12.2047 | 59.126 | 0,05 |
| 1.022.000 JP Morgan Chase Commercial Mortgage Securities Trust 2013-LC11 (Class E) | 3,25 | 15.04.2046 | 728.283 | 0,62 |
| 7.796.249 JP Morgan Chase Commercial Mortgage Securities Trust 2013-LC11 (Class XA) | 1,23 | 15.04.2046 | 90.170 | 0,08 |
| 709.000 JPMBB Commercial Mortgage Securities Trust 2013-C14 (Class D) | 4,55 | 15.08.2046 | 454.121 | 0,39 |
| 5.122.355 JPMBB Commercial Mortgage Securities Trust 2013-C17 (Class XA) | 0,72 | 15.01.2047 | 61.973 | 0,05 |
| 941.000 JPMBB Commercial Mortgage Securities Trust 2014-C18 (Class D) | 4,79 | 15.02.2047 | 536.773 | 0,46 |
| 320.000 JPMBB Commercial Mortgage Securities Trust 2014-C22 (Class C) | 4,55 | 15.09.2047 | 311.811 | 0,27 |
| 7.013.239 JPMBB Commercial Mortgage Securities Trust 2014-C22 (Class XA) | 0,82 | 15.09.2047 | 125.751 | 0,11 |
| 476.000 JPMBB Commercial Mortgage Securities Trust 2014-C23 (Class D) | 3,98 | 15.09.2047 | 471.571 | 0,40 |
| 10.378.614 JPMBB Commercial Mortgage Securities Trust 2014-C24 (Class XA) | 0,86 | 15.11.2047 | 195.029 | 0,17 |
| 323.000 JPMBB Commercial Mortgage Securities Trust 2014-C25 (Class D) | 3,94 | 15.11.2047 | 251.653 | 0,22 |
| 738.950 LB-UBS Commercial Mortgage Trust 2006-C6 (Class XCL) | 0,43 | 15.09.2039 | 89 | - |
| 15.825 ML-CFC Commercial Mortgage Trust 2006-4 (Class C) | 5,32 | 12.12.2049 | 15.602 | 0,01 |
| 401.000 Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5 (Class E) | 4,64 | 15.08.2045 | 402.265 | 0,34 |
| 402.000 Morgan Stanley Bank of America Merrill Lynch Trust 2013-C10 (Class D) | 4,07 | 15.07.2046 | 230.935 | 0,20 |
| 1.629.000 Morgan Stanley Bank of America Merrill Lynch Trust 2013-C10 (Class E) | 4,07 | 15.07.2046 | 544.249 | 0,47 |
| 346.000 Morgan Stanley Bank of America Merrill Lynch Trust 2013-C12 (Class D) | 4,76 | 15.10.2046 | 329.009 | 0,28 |
| 467.000 Morgan Stanley Bank of America Merrill Lynch Trust 2014-C15 (Class D) | 4,90 | 15.04.2047 | 474.136 | 0,41 |
| 1.431.819 Morgan Stanley Bank of America Merrill Lynch Trust 2014-C17 (Class XA) | 1,05 | 15.08.2047 | 26.517 | 0,02 |
| 5.236.462 Morgan Stanley Bank of America Merrill Lynch Trust 2015-C25 (Class XA) | 1,05 | 15.10.2048 | 159.204 | 0,14 |
| 369.125 Morgan Stanley Capital I Trust 2006-HQ10 (Class B) | 5,45 | 12.11.2041 | 348.801 | 0,30 |
| 148.047 Morgan Stanley Capital I Trust 2012-C4 (Class XA) | 1,78 | 15.03.2045 | 1 | - |
| 4.856.983 Morgan Stanley Capital I Trust 2016-BNK2 (Class XA) | 0,97 | 15.11.2049 | 189.517 | 0,16 |
| 391.000 Ready Capital Mortgage Financing 2020-FL4 LLC (Class C) | 4,85 | 25.02.2035 | 390.521 | 0,33 |
| 191.000 UBS Commercial Mortgage Trust 2018-C13 (Class C) | 4,93 | 15.10.2051 | 206.020 | 0,18 |
| 693.000 UBS-Barclays Commercial Mortgage Trust 2012-C2 (Class E) | 4,89 | 10.05.2063 | 61.913 | 0,05 |
| 6.988.944 UBS-Barclays Commercial Mortgage Trust 2012-C2 (Class XA) | 1,27 | 10.05.2063 | 16.941 | 0,01 |
| 14.311.864 UBS-Barclays Commercial Mortgage Trust 2013-C5 (Class XA) | 0,90 | 10.03.2046 | 78.793 | 0,07 |
| 11.562.867 UBS-Barclays Commercial Mortgage Trust 2013-C6 (Class XA) | 1,09 | 10.04.2046 | 94.781 | 0,08 |
| 296.000 UBS-Citigroup Commercial Mortgage Trust 2011-C1 (Class D) | 6,41 | 10.01.2045 | 259.231 | 0,22 |
| 421.152 Washington Mutual Asset-Backed Certificates WMABS Series 2006-HE2 Trust (Class A3) | 0,40 | 25.05.2036 | 384.081 | 0,33 |
| 395.000 Wells Fargo Commercial Mortgage Trust 2013-LC12 (Class D) | 4,31 | 15.07.2046 | 139.670 | 0,12 |
| 522.000 Wells Fargo Commercial Mortgage Trust 2014-LC16 (Class D) | 3,94 | 15.08.2050 | 68.935 | 0,06 |
| 12.855.106 Wells Fargo Commercial Mortgage Trust 2014-LC16 (Class XA) | 1,08 | 15.08.2050 | 271.118 | 0,23 |
| 6.587.107 Wells Fargo Commercial Mortgage Trust 2015-C27 (Class XA) | 0,86 | 15.02.2048 | 146.240 | 0,12 |
| 3.642.444 Wells Fargo Commercial Mortgage Trust 2016-BNK1 (Class XA) | 1,72 | 15.08.2049 | 238.216 | 0,20 |
| 7.693.000 Wells Fargo Commercial Mortgage Trust 2016-BNK1 (Class XB) | 1,33 | 15.08.2049 | 401.428 | 0,34 |
| 164.176 WFRBS Commercial Mortgage Trust 2011-C4 (Class C) | 4,89 | 15.06.2044 | 164.014 | 0,14 |
| 1.176.000 WFRBS Commercial Mortgage Trust 2012-C7 (Class F) | 4,50 | 15.06.2045 | 156.996 | 0,13 |
| 14.950.003 WFRBS Commercial Mortgage Trust 2013-C14 (Class XA) | 0,66 | 15.06.2046 | 102.153 | 0,09 |
| 884.000 WFRBS Commercial Mortgage Trust 2013-C15 (Class D) | 4,50 | 15.08.2046 | 515.650 | 0,44 |
| 7.106.847 WFRBS Commercial Mortgage Trust 2013-C15 (Class XA) | 0,40 | 15.08.2046 | 33.267 | 0,03 |


## 31. Dezember 2021
MBS-ANLEIHEN (50,95 %) (30. Juni 2021: 46,89 %) 
Forts.
Kapital-
Kupon-
Fälligkeits-
Wert
% vom
| betrag | satz | termin | USD | Teilfonds |
| --- | --- | --- | --- | --- |
| CMBS-Anleihen (20,06 %)  Forts. 3.730.952 USD WFRBS Commercial Mortgage Trust 2013-UBS1 (Class XA) | 0,95 | 15.03.2046 | 53.961 USD | 0,05 |
| 268.000 WFRBS Commercial Mortgage Trust 2014-LC14 (Class D) | 4,59 | 15.03.2047 | 268.085 | 0,23 |
|  |  |  | 23.470.075 | 20,06 |
| RMBS-Anleihen (nicht von Behörden) (9,96 %) 643.411 Alternative Loan Trust 2005-51 (Class 3A3A) | 0,74 | 20.11.2035 | 581.613 | 0,50 |
| 636.311 Alternative Loan Trust 2006-24CB (Class A19) | 0,60 | 25.08.2036 | 280.161 | 0,24 |
| 153.139 Alternative Loan Trust 2006-OA10 (Class 4A1) | 0,48 | 25.08.2046 | 141.860 | 0,12 |
| 189.389 Alternative Loan Trust 2007-OA6 (Class A1A) | 0,24 | 25.06.2037 | 177.060 | 0,15 |
| 230.369 American Home Mortgage Investment Trust 2007-1 (Class GA1C) | 0,29 | 25.05.2047 | 132.406 | 0,11 |
| 251.000 Bellemeade Re 2019-4 Limited (Class M1C) | 2,60 | 25.10.2029 | 251.003 | 0,21 |
| 151.301 CHL Mortgage Pass-Through Trust 2005-3 (Class 1A1) | 0,72 | 25.04.2035 | 137.633 | 0,12 |
| 7.036 Connecticut Avenue Securities Trust 2019-R03 (Class 1M2) | 2,25 | 25.09.2031 | 7.065 | 0,01 |
| 486.886 Fannie Mae Connecticut Avenue Securities (Class 1B) | 11,85 | 25.10.2028 | 559.484 | 0,48 |
| 883.689 Fannie Mae Connecticut Avenue Securities (Class 1B) | 12,35 | 25.09.2028 | 1.015.160 | 0,88 |
| 114.407 Fannie Mae Connecticut Avenue Securities (Class 1B) | 11,85 | 25.08.2028 | 128.329 | 0,11 |
| 88.380 Fannie Mae Connecticut Avenue Securities (Class 1ED1) | 0,75 | 25.01.2031 | 88.186 | 0,08 |
| 310.282 Fannie Mae Connecticut Avenue Securities (Class 1M2) | 3,65 | 25.07.2029 | 318.554 | 0,27 |
| 52.818 Fannie Mae Connecticut Avenue Securities (Class 1M2) | 4,40 | 25.02.2025 | 53.761 | 0,05 |
| 143.268 Fannie Mae Connecticut Avenue Securities (Class 1M2) | 5,00 | 25.11.2024 | 149.001 | 0,13 |
| 371.272 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 4,45 | 25.05.2029 | 385.041 | 0,33 |
| 28.765 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 4,55 | 25.01.2029 | 29.808 | 0,03 |
| 55.969 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 5,65 | 25.04.2028 | 58.372 | 0,05 |
| 2.438 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 5,10 | 25.07.2025 | 2.450 | - |
| 4.498 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 4,10 | 25.05.2025 | 4.509 | - |
| 38.842 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 3,00 | 25.07.2024 | 39.436 | 0,03 |
| 23.063 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 2,70 | 25.05.2024 | 23.423 | 0,02 |
| 213.477 Fannie Mae Connecticut Avenue Securities (Class M2) | 4,50 | 25.01.2024 | 221.107 | 0,19 |
| 542.813 Freddie Mac Structured Agency Credit Risk Debt Notes (Class B) | 10,10 | 25.07.2028 | 600.520 | 0,51 |
| 676.000 Freddie Mac Structured Agency Credit Risk Debt Notes (Class M2B) | 2,60 | 25.03.2030 | 685.884 | 0,59 |
| 717.708 Freddie Mac Structured Agency Credit Risk Debt Notes (Class M3) | 5,10 | 25.12.2028 | 746.309 | 0,64 |
| 306.297 Freddie Mac Structured Agency Credit Risk Debt Notes (Class M3) | 5,65 | 25.07.2028 | 318.859 | 0,27 |
| 160.000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class B1) | 4,75 | 25.01.2049 | 166.496 | 0,14 |
| 109.000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class M1) | 0,90 | 25.09.2041 | 108.932 | 0,09 |
| 56.395 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class M2) | 3,85 | 25.08.2050 | 56.641 | 0,05 |
| 8.720 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class M2) | 3,10 | 25.06.2050 | 8.732 | 0,01 |
| 102.073 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class M2) | 2,45 | 25.02.2049 | 103.053 | 0,09 |
| 73.500 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class M2) | 2,40 | 25.10.2048 | 74.353 | 0,06 |
| 107.000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class M2) | 2,25 | 25.12.2030 | 108.321 | 0,09 |
| 342.000 LHOME Mortgage Trust 2021-RTL1 (Class A1) | 2,09 | 25.09.2026 | 340.735 | 0,29 |
| 357.644 PRPM 2021-10 LLC (Class A1) | 2,49 | 25.10.2026 | 356.393 | 0,30 |
| 420.000 Seasoned Credit Risk Transfer Trust Series 2017-2 (Class M1) | 4,00 | 25.08.2056 | 423.239 | 0,36 |
| 235.000 Seasoned Credit Risk Transfer Trust Series 2019-4 (Class M) | 4,50 | 25.02.2059 | 242.403 | 0,21 |
| 620.000 STACR Trust 2018-DNA3 (Class M2) | 2,20 | 25.09.2048 | 624.650 | 0,53 |
| 74.000 STACR Trust 2018-DNA3 (Class M2B) | 2,20 | 25.09.2048 | 74.929 | 0,06 |
| 20.000 STACR Trust 2018-HRP2 (Class M3) | 2,50 | 25.02.2047 | 20.392 | 0,02 |
| 1.274.000 STACR Trust 2018-HRP2 (Class M3AS) | 1,10 | 25.02.2047 | 1.270.198 | 1,09 |
| 376.433 Structured Asset Mortgage Investments II Trust 2007-AR7 (Class 1A1) | 0,95 | 25.05.2047 | 331.813 | 0,28 |
| 200.422 Triangle Re 2021-1 Limited (Class M1B) | 3,10 | 25.08.2033 | 200.477 | 0,17 |
|  |  |  | 11.648.751 | 9,96 |
| Summe MBS-Anleihen	59.607.897 USD | 50,95 |


## 31. Dezember 2021
RÜCKKAUFVEREINBARUNGEN (4,39 %) (30. Juni 2021: 11,86 %)
| Kapital- betrag | Effektivzins | Fälligkeits- termin | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- | --- |
| 5.133.000 USD Repurchase Agreement - BofA Securities Incorporated* | 0,05 | 03.01.2022 | 5.133.000 USD | 4,39 |
| Summe Rückkaufvereinbarungen |  |  | 5.133.000 USD | 4,39 |

* Beteiligung an einer großvolumigen Rückkaufvereinbarung vom 31. Dezember 2021 über 10.143.000 USD mit BofA Securities Incorporated, fällig am 3. Januar 2022 mit einem Fälligkeitswert von 5.133.021 USD bei einem Effektivzins von 0,050 % (besichert durch US-Treasuries (einschließlich Strips) mit einem Kupon von 0,750 % und dem 31. Dezember 2023 als Fälligkeitstermin, die mit 10.345.860 USD bewertet sind).
NICHT-US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (5,03 %) (30. Juni 2021: 6,02 %)
Kapital- betrag
Kupon-
satz
Fälligkeits-
termin
Wert USD
% vom Teilfonds
| Fluggesellschaften (0,23 %) 250.000 USD Delta Air Lines Incorporated (International)	4,75 | 20.10.2028 | 272.995 USD | 0,23 |
| --- | --- | --- | --- |
|  |  | 272.995 | 0,23 |
| Bankwesen (3,65 %) |  |  |  |  |
| 1.050.000 Credit Suisse Group AG (Switzerland) | 6,25 | 29.12.2049 | 1.118.114 | 0,96 |
| 390.000 Itau Unibanco Holding SA (Brazil) | 3,88 | 15.04.2031 | 374.404 | 0,32 |
| 710.000 Sumitomo Mitsui Trust Bank Limited (Japan) | 0,80 | 12.09.2023 | 707.463 | 0,60 |
| 1.210.000 UBS AG (Switzerland) | 1,75 | 21.04.2022 | 1.213.804 | 1,04 |
| 767.000 UBS Group AG (Switzerland) | 6,88 | 29.12.2049 | 853.437 | 0,73 |
|  |  |  | 4.267.222 | 3,65 |
| Kommerzielle Dienstleistungen (0,16 %) |  |  |  |  |
| 176.000 IHS Markit Limited (Bermuda)	4,00 | 01.03.2026 | 190.520 | 0,16 |
|  |  | 190.520 | 0,16 |
| Computer (0,02 %) |  |  |  |  |
| 17.000 CyberArk Software Limited (Israel)	- | 15.11.2024 | 21.420 | 0,02 |
|  |  | 21.420 | 0,02 |
| Freizeit (0,04 %) |  |  |  |  |
| 12.000 NCL Corporation Limited (Bermuda) | 1,13 | 15.02.2027 | 11.236 | 0,01 |
| 29.000 Royal Caribbean Cruises Limited (Liberia) | 2,88 | 15.11.2023 | 34.162 | 0,03 |
|  |  |  | 45.398 | 0,04 |
| Öl- und Erdgasversorgungsbetriebe (0,18 %) |  |  |  |  |
| 41.000 Petrobras Global Finance BV (Netherlands) | 6,00 | 27.01.2028 | 44.588 | 0,04 |
| 1.185.000 Petroleos de Venezuela SA (Venezuela) (In default) | 6,00 | 15.11.2026 | 47.400 | 0,04 |
| 95.000 Petroleos Mexicanos (Mexico) | 6,70 | 16.02.2032 | 95.949 | 0,08 |
| 22.000 Transocean Incorporated (Cayman Islands) | 0,50 | 30.01.2023 | 19.718 | 0,02 |
|  |  |  | 207.655 | 0,18 |
| Pharma (0,46 %) |  |  |  |  |
| 23.000 Jazz Investments I Limited (Bermuda) | 1,50 | 15.08.2024 | 23.014 | 0,02 |
| 495.000 Teva Pharmaceutical Finance Netherlands III BV (Netherlands)	6,00 | 15.04.2024 | 518.701 | 0,44 |
|  |  | 541.715 | 0,46 |
| Einzelhandel (0,29 %) |  |  |  |  |
| 350.000 1011778 BC ULC (Canada)	4,00 | 15.10.2030 | 343.875 | 0,29 |
|  |  | 343.875 | 0,29 |
| Summe Nicht-US-Unternehmensanleihen und -Schuldverschreibungen |  | 5.890.800 USD | 5,03 |


## 31. Dezember 2021
US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (27,09 %) (30. Juni 2021: 26,77 %)
Kapital- betrag
Kupon-
satz
Fälligkeits-
termin
Wert USD
% vom Teilfonds
| Luft- und Raumfahrt und Verteidigung (0,36 %) 410.000 USD TransDigm Incorporated	6,25 | 15.03.2026 | 426.144 USD | 0,36 |
| --- | --- | --- | --- |
|  |  | 426.144 | 0,36 |
| Fluggesellschaften (0,07 %) 8.000 American Airlines Group Incorporated | 6,50 | 01.07.2025 | 11.048 | 0,01 |
| 28.000 JetBlue Airways Corporation | 0,50 | 01.04.2026 | 26.102 | 0,02 |
| 30.000 Southwest Airlines Company | 1,25 | 01.05.2025 | 39.990 | 0,04 |
|  |  |  | 77.140 | 0,07 |
| Bekleidung (0,28 %) |  |  |  |  |
| 320.000 Levi Strauss & Company	3,50 | 01.03.2031 | 326.282 | 0,28 |
|  |  | 326.282 | 0,28 |
| Automobile (0,70 %) |  |  |  |  |
| 27.000 Ford Motor Company | - | 15.03.2026 | 37.142 | 0,03 |
| 200.000 Ford Motor Credit Company LLC | 5,11 | 03.05.2029 | 227.250 | 0,19 |
| 210.000 Ford Motor Credit Company LLC | 2,90 | 16.02.2028 | 210.721 | 0,18 |
| 320.000 Ford Motor Credit Company LLC | 5,13 | 16.06.2025 | 348.000 | 0,30 |
|  |  |  | 823.113 | 0,70 |
| Bankwesen (2,01 %) |  |  |  |  |
| 420.000 Dresdner Funding Trust I | 8,15 | 30.06.2031 | 592.725 | 0,51 |
| 476.000 JPMorgan Chase & Company | 6,00 | 31.12.2049 | 496.230 | 0,42 |
| 1.226.000 JPMorgan Chase & Company | 3,38 | 01.05.2023 | 1.263.943 | 1,08 |
|  |  |  | 2.352.898 | 2,01 |
| Biotechnologie (0,07 %) |  |  |  |  |
| 12.000 BioMarin Pharmaceutical Incorporated | 1,25 | 15.05.2027 | 12.517 | 0,01 |
| 20.000 Guardant Health Incorporated | - | 15.11.2027 | 20.232 | 0,02 |
| 27.000 Halozyme Therapeutics Incorporated | 0,25 | 01.03.2027 | 24.047 | 0,02 |
| 33.000 NeoGenomics Incorporated | 0,25 | 15.01.2028 | 28.091 | 0,02 |
|  |  |  | 84.887 | 0,07 |
| Baustoffe (0,21 %) |  |  |  |  |
| 132.000 JELD-WEN Incorporated | 6,25 | 15.05.2025 | 138.270 | 0,11 |
| 110.000 Louisiana-Pacific Corporation | 3,63 | 15.03.2029 | 112.192 | 0,10 |
|  |  |  | 250.462 | 0,21 |
| Chemie (1,83 %) |  |  |  |  |
| 635.000 CF Industries Incorporated | 4,50 | 01.12.2026 | 707.786 | 0,60 |
| 477.000 CF Industries Incorporated | 3,45 | 01.06.2023 | 491.792 | 0,42 |
| 215.000 Kraton Polymers LLC | 4,25 | 15.12.2025 | 222.549 | 0,19 |
| 684.000 WR Grace Holdings LLC | 5,63 | 01.10.2024 | 720.005 | 0,62 |
|  |  |  | 2.142.132 | 1,83 |
| Kommerzielle Dienstleistungen (0,54 %) |  |  |  |  |
| 6.000 Affirm Holdings Incorporated | - | 15.11.2026 | 5.394 | - |
| 475.000 Ashtead Capital Incorporated | 4,38 | 15.08.2027 | 491.957 | 0,42 |
| 19.000 Block Incorporated | 0,25 | 01.11.2027 | 20.152 | 0,02 |
| 19.000 Block Incorporated | - | 01.05.2026 | 19.487 | 0,02 |
| 70.000 Service Corporation International | 3,38 | 15.08.2030 | 68.710 | 0,06 |
| 18.000 Shift4 Payments Incorporated | - | 15.12.2025 | 18.979 | 0,02 |
|  |  |  | 624.679 | 0,54 |


## 31. Dezember 2021
US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (27,09 %) (30. Juni 2021: 26,77 %) 
Forts.
| Kapital- betrag | Kupon- satz | Fälligkeits- termin | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- | --- |
| Computer (0,34 %) 10.000 USD 3D Systems Corporation | - | 15.11.2026 | 9.500 USD | 0,01 |
| 20.000 Lumentum Holdings Incorporated | 0,50 | 15.12.2026 | 24.875 | 0,02 |
| 18.000 Rapid7 Incorporated | 0,25 | 15.03.2027 | 23.198 | 0,02 |
| 315.000 Tempo Acquisition LLC | 5,75 | 01.06.2025 | 326.025 | 0,28 |
| 7.000 Zscaler Incorporated | 0,13 | 01.07.2025 | 15.299 | 0,01 |
|  |  |  | 398.897 | 0,34 |
| Kosmetik/Körperpflege (0,01 %) 14.000 Beauty Health Company | 1,25 | 01.10.2026 | 14.827 | 0,01 |
|  |  |  | 14.827 | 0,01 |
| Diversifizierte Finanzdienstleistungen (0,74 %) 75.000 Ally Financial Incorporated | 8,00 | 01.11.2031 | 106.168 | 0,09 |
| 423.000 American Express Company | 2,65 | 02.12.2022 | 431.040 | 0,37 |
| 21.000 JPMorgan Chase Financial Company LLC | 0,25 | 01.05.2023 | 23.166 | 0,02 |
| 245.000 PennyMac Financial Services Incorporated | 5,38 | 15.10.2025 | 251.737 | 0,22 |
| 35.000 Provident Funding Associates LP | 6,38 | 15.06.2025 | 35.613 | 0,03 |
| 12.000 SoFi Technologies Incorporated | - | 15.10.2026 | 12.406 | 0,01 |
|  |  |  | 860.130 | 0,74 |
| Stromversorgungsbetriebe (0,67 %) 455.000 Calpine Corporation | 4,50 | 15.02.2028 | 472.062 | 0,40 |
| 25.000 Enphase Energy Incorporated | - | 01.03.2028 | 25.788 | 0,02 |
| 21.000 NextEra Energy Partners LP | - | 15.11.2025 | 23.930 | 0,02 |
| 21.000 NRG Energy Incorporated | 2,75 | 01.06.2048 | 24.912 | 0,02 |
| 207.000 NRG Energy Incorporated | 6,63 | 15.01.2027 | 215.183 | 0,19 |
| 32.000 Sunrun Incorporated | - | 01.02.2026 | 24.921 | 0,02 |
|  |  |  | 786.796 | 0,67 |
| Elektronik (0,19 %) |  |  |  |  |
| 215.000 Imola Merger Corporation	4,75 | 15.05.2029 | 220.601 | 0,19 |
|  |  | 220.601 | 0,19 |
| Unterhaltung (0,59 %) 110.000 Caesars Entertainment Incorporated | 4,63 | 15.10.2029 | 110.000 | 0,09 |
| 26.000 DraftKings Incorporated | - | 15.03.2028 | 19.578 | 0,02 |
| 370.000 Live Nation Entertainment Incorporated | 5,63 | 15.03.2026 | 382.025 | 0,32 |
| 155.000 Six Flags Theme Parks Incorporated | 7,00 | 01.07.2025 | 165.531 | 0,14 |
| 17.000 Vail Resorts Incorporated	- | 01.01.2026 | 18.118 | 0,02 |
|  |  | 695.252 | 0,59 |
| Lebensmittel (2,46 %) 280.000 Albertsons Companies Incorporated | 3,50 | 15.03.2029 | 280.549 | 0,24 |
| 1.000.000 Albertsons Companies Incorporated | 4,63 | 15.01.2027 | 1.049.441 | 0,89 |
| 715.000 Kraft Heinz Foods Company | 3,00 | 01.06.2026 | 747.856 | 0,64 |
| 815.000 Nestle Holdings Incorporated | 0,38 | 15.01.2024 | 805.127 | 0,69 |
|  |  |  | 2.882.973 | 2,46 |
| Medizinische Dienstleistungen (0,57 %) 150.000 Centene Corporation | 3,00 | 15.10.2030 | 152.477 | 0,13 |
| 155.000 Global Medical Response Incorporated | 6,50 | 01.10.2025 | 156.550 | 0,13 |
| 3.000 HCA Incorporated | 5,25 | 15.06.2026 | 3.374 | - |
| 305.000 HCA Incorporated | 5,38 | 01.02.2025 | 335.194 | 0,30 |
| 16.000 Teladoc Health Incorporated	1,25 | 01.06.2027 | 14.570 | 0,01 |
|  |  | 662.165 | 0,57 |


## 31. Dezember 2021
US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (27,09 %) (30. Juni 2021: 26,77 %) 
Forts.
| Kapital- betrag | Kupon- satz | Fälligkeits- termin | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- | --- |
| Wohnungsbau (1,16 %) 1.018.000 USD Lennar Corporation | 5,88 | 15.11.2024 | 1.120.675 USD | 0,97 |
| 2.000 PulteGroup Incorporated | 7,88 | 15.06.2032 | 2.855 | - |
| 187.000 PulteGroup Incorporated | 5,50 | 01.03.2026 | 212.623 | 0,18 |
| 13.000 Winnebago Industries Incorporated | 1,50 | 01.04.2025 | 17.341 | 0,01 |
|  |  |  | 1.353.494 | 1,16 |
| Haushaltsprodukte/-waren (0,27 %) 39.000 Spectrum Brands Incorporated | 5,50 | 15.07.2030 | 41.828 | 0,04 |
| 266.000 Spectrum Brands Incorporated | 5,00 | 01.10.2029 | 278.967 | 0,23 |
|  |  |  | 320.795 | 0,27 |
| Versicherungen (0,81 %) 35.000 Alliant Holdings Intermediate LLC | 4,25 | 15.10.2027 | 35.000 | 0,03 |
| 900.000 Metropolitan Life Global Funding I | 1,95 | 13.01.2023 | 911.541 | 0,78 |
|  |  |  | 946.541 | 0,81 |
| Internet (1,06 %) 25.000 Airbnb Incorporated | - | 15.03.2026 | 24.463 | 0,02 |
| 15.000 Booking Holdings Incorporated | 0,75 | 01.05.2025 | 22.028 | 0,02 |
| 8.000 Etsy Incorporated | 0,25 | 15.06.2028 | 9.405 | 0,01 |
| 22.000 Expedia Group Incorporated | - | 15.02.2026 | 25.311 | 0,02 |
| 406.000 Match Group Holdings II LLC | 4,63 | 01.06.2028 | 422.401 | 0,36 |
| 265.000 Netflix Incorporated | 5,88 | 15.11.2028 | 318.663 | 0,27 |
| 34.000 Okta Incorporated | 0,38 | 15.06.2026 | 40.460 | 0,03 |
| 16.000 Palo Alto Networks Incorporated | 0,38 | 01.06.2025 | 30.310 | 0,03 |
| 27.000 Snap Incorporated | - | 01.05.2027 | 26.110 | 0,02 |
| 225.000 TripAdvisor Incorporated | 7,00 | 15.07.2025 | 237.375 | 0,20 |
| 50.000 Twitter Incorporated | - | 15.03.2026 | 44.780 | 0,04 |
| 20.000 Uber Technologies Incorporated | - | 15.12.2025 | 19.630 | 0,02 |
| 12.000 Zendesk Incorporated | 0,63 | 15.06.2025 | 14.317 | 0,01 |
| 6.000 Zillow Group Incorporated | 2,75 | 15.05.2025 | 7.723 | 0,01 |
|  |  |  | 1.242.976 | 1,06 |
| Investmentgesellschaften (0,24 %) 265.000 Icahn Enterprises LP | 6,25 | 15.05.2026 | 275.931 | 0,24 |
|  |  |  | 275.931 | 0,24 |
| Medien (0,89 %) 26.000 Cable One Incorporated | 1,13 | 15.03.2028 | 25.735 | 0,02 |
| 160.000 CCO Holdings LLC | 5,38 | 01.06.2029 | 172.662 | 0,15 |
| 152.000 CCO Holdings LLC | 5,50 | 01.05.2026 | 156.592 | 0,13 |
| 349.000 CSC Holdings LLC | 5,25 | 01.06.2024 | 362.960 | 0,31 |
| 245.000 DISH DBS Corporation | 5,88 | 15.11.2024 | 251.679 | 0,22 |
| 46.000 DISH Network Corporation | 3,38 | 15.08.2026 | 43.541 | 0,04 |
| 24.000 Liberty Media Corporation | 2,75 | 01.12.2049 | 24.636 | 0,02 |
|  |  |  | 1.037.805 | 0,89 |
| Medizintechnik (0,06 %) 40.000 Exact Sciences Corporation | 0,38 | 01.03.2028 | 38.623 | 0,04 |
| 11.000 Insulet Corporation | 0,38 | 01.09.2026 | 14.552 | 0,01 |
| 9.000 Tandem Diabetes Care Incorporated | 1,50 | 01.05.2025 | 13.343 | 0,01 |
|  |  |  | 66.518 | 0,06 |
| Bergbau (0,96 %) 157.000 Compass Minerals International Incorporated | 4,88 | 15.07.2024 | 160.336 | 0,14 |
| 293.000 Freeport-McMoRan Incorporated | 4,38 | 01.08.2028 | 307.284 | 0,26 |
| 625.000 Novelis Corporation | 4,75 | 30.01.2030 | 657.031 | 0,56 |
|  |  |  | 1.124.651 | 0,96 |


## 31. Dezember 2021
US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (27,09 %) (30. Juni 2021: 26,77 %) 
Forts.
Kapital-
Kupon-
Fälligkeits-
Wert
% vom
| betrag | satz | termin | USD | Teilfonds |
| --- | --- | --- | --- | --- |
| Sonstige Fertigungsunternehmen (0,02 %) 22.000 USD John Bean Technologies Corporation	0,25 | 15.05.2026 | 24.178 USD | 0,02 |
|  |  | 24.178 | 0,02 |
| Öl- und Erdgasversorgungsbetriebe (2,65 %) |  |  |  |  |
| 355.000 Apache Corporation | 5,10 | 01.09.2040 | 401.150 | 0,34 |
| 170.000 Continental Resources Incorporated | 2,88 | 01.04.2032 | 166.303 | 0,14 |
| 192.000 Continental Resources Incorporated | 5,75 | 15.01.2031 | 226.103 | 0,19 |
| 484.000 Endeavor Energy Resources LP | 5,75 | 30.01.2028 | 515.888 | 0,44 |
| 176.000 Occidental Petroleum Corporation | 6,20 | 15.03.2040 | 216.480 | 0,19 |
| 370.000 Occidental Petroleum Corporation | 6,45 | 15.09.2036 | 471.752 | 0,40 |
| 460.000 Ovintiv Exploration Incorporated | 5,63 | 01.07.2024 | 503.700 | 0,44 |
| 5.000 Ovintiv Incorporated | 7,38 | 01.11.2031 | 6.518 | 0,01 |
| 16.000 Pioneer Natural Resources Company | 0,25 | 15.05.2025 | 28.510 | 0,02 |
| 126.000 Southwestern Energy Company | 4,75 | 01.02.2032 | 132.691 | 0,11 |
| 400.000 Southwestern Energy Company | 5,38 | 15.03.2030 | 428.592 | 0,37 |
|  |  |  | 3.097.687 | 2,65 |
| Verpackungen und Container (- %) |  |  |  |  |
| 5.000 Mauser Packaging Solutions Holding Company	5,50 | 15.04.2024 | 5.046 | - |
|  |  | 5.046 | - |
| Pharma (0,86 %) |  |  |  |  |
| 451.000 Bristol-Myers Squibb Company | 3,25 | 20.02.2023 | 462.883 | 0,40 |
| 21.000 Dexcom Incorporated | 0,25 | 15.11.2025 | 24.924 | 0,02 |
| 425.000 Elanco Animal Health Incorporated | 5,90 | 28.08.2028 | 493.000 | 0,42 |
| 21.000 Pacira BioSciences Incorporated | 0,75 | 01.08.2025 | 23.218 | 0,02 |
|  |  |  | 1.004.025 | 0,86 |
| Pipelines (1,24 %) |  |  |  |  |
| 78.000 Cheniere Corpus Christi Holdings LLC | 5,13 | 30.06.2027 | 88.009 | 0,08 |
| 385.000 Cheniere Energy Partners LP | 4,50 | 01.10.2029 | 408.100 | 0,35 |
| 2.000 Energy Transfer LP | 6,63 | 31.12.2099 | 1.895 | - |
| 598.000 Energy Transfer LP | 5,88 | 15.01.2024 | 643.611 | 0,55 |
| 309.000 Holly Energy Partners LP | 5,00 | 01.02.2028 | 307.841 | 0,26 |
|  |  |  | 1.449.456 | 1,24 |
| Immobilien (1,18 %) |  |  |  |  |
| 18.000 Blackstone Mortgage Trust Incorporated | 4,75 | 15.03.2023 | 18.371 | 0,02 |
| 140.000 GLP Capital LP | 5,38 | 15.04.2026 | 155.900 | 0,13 |
| 325.000 iStar Incorporated | 4,75 | 01.10.2024 | 337.188 | 0,29 |
| 335.000 Ladder Capital Finance Holdings LLLP | 5,25 | 01.10.2025 | 338.350 | 0,29 |
| 505.000 Starwood Property Trust Incorporated | 4,75 | 15.03.2025 | 525.199 | 0,45 |
|  |  |  | 1.375.008 | 1,18 |
| Einzelhandel (0,70 %) |  |  |  |  |
| 145.000 Bath & Body Works Incorporated | 6,63 | 01.10.2030 | 164.213 | 0,14 |
| 16.000 Burlington Stores Incorporated | 2,25 | 15.04.2025 | 23.770 | 0,02 |
| 23.000 Cheesecake Factory Incorporated | 0,38 | 15.06.2026 | 20.599 | 0,02 |
| 245.000 Golden Nugget Incorporated | 6,75 | 15.10.2024 | 245.000 | 0,20 |
| 7.000 National Vision Holdings Incorporated | 2,50 | 15.05.2025 | 11.703 | 0,01 |
| 11.000 Shake Shack Incorporated | - | 01.03.2028 | 9.103 | 0,01 |
| 340.000 Staples Incorporated	7,50 | 15.04.2026 | 349.350 | 0,30 |
|  |  | 823.738 | 0,70 |
| Halbleiter (0,07 %) |  |  |  |  |
| 12.000 Impinj Incorporated | 1,13 | 15.05.2027 | 13.096 | 0,01 |
| 32.000 ON Semiconductor Corporation | - | 01.05.2027 | 46.560 | 0,04 |
| 14.000 Silicon Laboratories Incorporated | 0,63 | 15.06.2025 | 24.543 | 0,02 |
|  |  |  | 84.199 | 0,07 |


## 31. Dezember 2021
US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (27,09 %) (30. Juni 2021: 26,77 %) 
Forts.
Kapital-
Kupon-
Fälligkeits-
Wert
% vom
| betrag | satz | termin | USD | Teilfonds |
| --- | --- | --- | --- | --- |
| Software (2,50 %) 40.000 USD Akamai Technologies Incorporated | 0,38 | 01.09.2027 | 46.776 USD | 0,04 |
| 13.000 Akamai Technologies Incorporated | 0,13 | 01.05.2025 | 17.014 | 0,01 |
| 14.000 Avalara Incorporated | 0,25 | 01.08.2026 | 12.922 | 0,01 |
| 32.000 Bentley Systems Incorporated | 0,38 | 01.07.2027 | 29.440 | 0,03 |
| 15.000 Bill.com Holdings Incorporated | - | 01.04.2027 | 15.338 | 0,01 |
| 19.000 Blackline Incorporated | - | 15.03.2026 | 17.651 | 0,02 |
| 15.000 Box Incorporated | - | 15.01.2026 | 18.020 | 0,02 |
| 310.000 Boxer Parent Company Incorporated | 7,13 | 02.10.2025 | 325.113 | 0,28 |
| 22.000 Ceridian HCM Holding Incorporated | 0,25 | 15.03.2026 | 22.981 | 0,02 |
| 29.000 Coupa Software Incorporated | 0,38 | 15.06.2026 | 27.405 | 0,02 |
| 6.000 Datadog Incorporated | 0,13 | 15.06.2025 | 12.024 | 0,01 |
| 12.000 DigitalOcean Holdings Incorporated | - | 01.12.2026 | 10.643 | 0,01 |
| 23.000 Everbridge Incorporated | - | 15.03.2026 | 19.419 | 0,02 |
| 9.000 Five9 Incorporated | 0,50 | 01.06.2025 | 11.053 | 0,01 |
| 1.342.000 Oracle Corporation | 3,63 | 15.07.2023 | 1.390.587 | 1,18 |
| 674.000 Oracle Corporation | 2,50 | 15.05.2022 | 676.776 | 0,58 |
| 20.000 Pegasystems Incorporated | 0,75 | 01.03.2025 | 21.126 | 0,02 |
| 19.000 RingCentral Incorporated | - | 01.03.2025 | 17.850 | 0,02 |
| 50.000 Splunk Incorporated | 1,13 | 15.06.2027 | 46.625 | 0,04 |
| 12.000 Unity Software Incorporated | - | 15.11.2026 | 10.950 | 0,01 |
| 170.000 ZoomInfo Technologies LLC | 3,88 | 01.02.2029 | 168.538 | 0,14 |
|  |  |  | 2.918.251 | 2,50 |
| Telekommunikation (0,78 %) |  |  |  |  |
| 310.000 Frontier Communications Holdings LLC | 5,88 | 15.10.2027 | 327.825 | 0,28 |
| 230.000 Sprint Capital Corporation | 6,88 | 15.11.2028 | 290.950 | 0,25 |
| 265.000 T-Mobile USA Incorporated | 4,75 | 01.02.2028 | 278.913 | 0,24 |
| 9.000 Viavi Solutions Incorporated | 1,00 | 01.03.2024 | 12.746 | 0,01 |
|  |  |  | 910.434 | 0,78 |
| Summe US-Unternehmensanleihen und -Schuldverschreibungen |  |  | 31.690.111 USD | 27,09 |
| AUSLÄNDISCHE STAATSANLEIHEN UND SCHULDVERSCHREIBUNGEN VON BEHÖRDEN (4,12 %) (30. Juni 2021: 5,56 %) |
| Kapital- | Kupon- | Fälligkeits- | Wert | % vom |
| betrag | satz | termin | USD | Teilfonds |
| 200.000 USD Banque Centrale de Tunisie International Bond (Tunisia) | 5,75 | 30.01.2025 | 152.000 USD | 0,13 |
| 150.000 Dominican Republic International Bond (Dominican Republic) | 6,40 | 05.06.2049 | 157.688 | 0,13 |
| 141.000 Dominican Republic International Bond (Dominican Republic) | 8,63 | 20.04.2027 | 167.085 | 0,14 |
| 200.000 Dominican Republic International Bond (Dominican Republic) | 6,88 | 29.01.2026 | 227.500 | 0,19 |
| 470.000 Indonesia Government International Bond (Indonesia) | 3,85 | 15.10.2030 | 528.329 | 0,46 |
| 345.000 Indonesia Government International Bond (Indonesia) | 3,38 | 15.04.2023 | 355.781 | 0,30 |
| 360.000 Ivory Coast Government International Bond (Ivory Coast) | 6,13 | 15.06.2033 | 378.450 | 0,33 |
| 350.000 Ivory Coast Government International Bond (Ivory Coast) | 5,38 | 23.07.2024 | 363.125 | 0,31 |
| 187.000 Jamaica Government International Bond (Jamaica) | 8,00 | 15.03.2039 | 258.761 | 0,22 |
| 200.000 Kazakhstan Government International Bond (Kazakhstan) | 4,88 | 14.10.2044 | 245.234 | 0,21 |
| 564.000 Mexico Government International Bond (Mexico) | 2,66 | 24.05.2031 | 549.905 | 0,48 |
| 360.000 Paraguay Government International Bond (Paraguay) | 4,70 | 27.03.2027 | 399.150 | 0,34 |
| 330.000 Republic of Kenya Government International Bond (Kenya) | 6,88 | 24.06.2024 | 348.563 | 0,30 |
| 345.000 Senegal Government International Bond (Senegal) | 6,25 | 23.05.2033 | 353.625 | 0,30 |
| 100.000 EUR Senegal Government International Bond (Senegal) | 4,75 | 13.03.2028 | 115.222 | 0,10 |
| 200.000 USD Vietnam Government International Bond (Vietnam) | 4,80 | 19.11.2024 | 216.385 | 0,18 |
| Summe ausländischer Staatsanleihen und Schuldverschreibungen von Behörden |  |  | 4.816.803 USD | 4,12 |


## 31. Dezember 2021
US-AMERIKANISCHE SCHATZOBLIGATIONEN (5,64 %) (30. Juni 2021: 4,04 %)
| Kapital- betrag | Zins (%) | Fälligkeits- termin | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- | --- |
| 1.200.000 USD United States Treasury Bill1 | 0,06 | 05.05.2022 | 1.199.724 USD | 1,03 |
| 3.600.000 United States Treasury Bill2 | 0,05 | 21.04.2022 | 3.599.492 | 3,07 |
| 1.800.000 United States Treasury Bill | 0,05 | 24.03.2022 | 1.799.798 | 1,54 |
| Summe US-amerikanischer Schatzobligationen |  |  | 6.599.014 USD | 5,64 |

1 Teilweise von JP Morgan Chase als Sicherheit gehalten (841.433 USD).
2 Teilweise von der Citibank (381.965 USD), Citigroup Global Markets, Inc. (250.665 USD) und UBS (109.857 USD) als Sicherheit gehalten.
| AUSSTEHENDE GEKAUFTE WÄHRUNGSOPTIONEN (- %) (30. Juni 2021: 0,04 %) |  |
| --- | --- |
| AUSSTEHENDE GEKAUFTE SWAP-OPTIONEN (2,26 %) (30. Juni 2021: 1,78 %) |  |  |  |  |
| Kontrahent Recht auf Erhalt oder (Zahlung) eines festen Zinssatzes (%)/ | Verfalltermin/ | Nenn-/ Kontrakt- | Wert | % vom |
| Zinsvariabler Index/Fälligkeit | Ausübungspreis | betrag | USD | Teilfonds |
| Bank of America N.A. |  |  |  |  |
| 0.485/3 month USD-LIBOR-BBA/Jan-25 | Jan-24/0,485 | 10.030.100 USD | 5.617 USD | - |
| Goldman Sachs International |
| 2.988/3 month USD-LIBOR-BBA/Feb-39 | Feb-29/2,988 | 1.512.000 | 178.295 | 0,15 |
| (2.988)/3 month USD-LIBOR-BBA/Feb-39 | Feb-29/2,988 | 1.512.000 | 43.742 | 0,04 |
| JPMorgan Chase Bank N.A. 2.795/3 month USD-LIBOR-BBA/Dec-37 | Dez-27/2,795 | 1.410.300 | 149.675 | 0,13 |
| 2.7575/3 month USD-LIBOR-BBA/Dec-37 | Dez-27/2,7575 | 1.410.300 | 146.290 | 0,13 |
| (2.7575)/3 month USD-LIBOR-BBA/Dec-37 | Dez-27/2,7575 | 1.410.300 | 43.282 | 0,04 |
| (2.795)/3 month USD-LIBOR-BBA/Dec-37 | Dez-27/2,795 | 1.410.300 | 42.126 | 0,04 |
| Morgan Stanley & Co. International PLC |  |  |  |  |
| 3.00/3 month USD-LIBOR-BBA/Feb-73 | Feb-48/3,00 | 1.990.200 | 540.598 | 0,46 |
| 3.00/3 month USD-LIBOR-BBA/Apr-72 | Apr-47/3,00 | 1.990.200 | 539.225 | 0,46 |
| 2.75/3 month USD-LIBOR-BBA/May-73 | Mai-48/2,75 | 1.990.200 | 460.492 | 0,38 |
| (1.613)/3 month USD-LIBOR-BBA/Aug-34 | Aug-24/1,613 | 2.005.900 | 103.645 | 0,09 |
| 1.613/3 month USD-LIBOR-BBA/Aug-34 | Aug-24/1,613 | 2.005.900 | 68.863 | 0,06 |
| (1.4075)/3 month USD-LIBOR-BBA/Mar-27 | Mär-22/1,4075 | 829.100 | 5.920 | 0,01 |
| NatWest Markets PLC (0.52)/6 month GBP-LIBOR-BBA/Sep-23 (United Kingdom) | Sep-22/0,52 | 18.167.500 GBP | 172.380 | 0,15 |
| Toronto-Dominion Bank (1.505)/3 month USD-LIBOR-BBA/Jan-32 (Canada) | Jan-22/1,505 | 929.100 USD | 11.827 | 0,01 |
| (1.80)/3 month USD-LIBOR-BBA/Jan-32 (Canada) | Jan-22/1,80 | 1.858.200 | 4.125 | - |
| UBS AG (0.153)/6 month EUR-EURIBOR-Reuters/Sep-29	Sep-24/0,153 | 2.835.800 EUR | 82.942 | 0,07 |
| 0.153/6 month EUR-EURIBOR-Reuters/Sep-29	Sep-24/0,153 | 2.835.800 | 47.815 | 0,04 |
| Total Purchased Swap Options Outstanding |  | 2.646.859 USD | 2,26 |
| Total Value of Investments excluding financial derivative instruments* |  | 172.388.192 USD | 147,35 |
| * Mit Ausnahme der gekauften Swap-Optionen. |  |  |  |
| AUSSTEHENDE VERKAUFTE WÄHRUNGSOPTIONEN (- %) (30. Juni 2021: -0,01 %) |  |  |  |
| AUSSTEHENDE VERKAUFTE SWAP-OPTIONEN (-3,84 %) (30. Juni 2021: -2,72 %) |  |  |  |
| Kontrahent Recht auf Erhalt oder (Zahlung) eines festen Zinssatzes | Nenn-/ |  |  |
| (%)/	Verfalltermin/ | Kontrakt- | Wert | % vom |
| Zinsvariabler Index/Fälligkeit	Ausübungspreis | betrag | USD | Teilfonds |
| Bank of America N.A. |  |  |  |
| 0.985/3 month USD-LIBOR-BBA/Jan-25	Jan-24/0,985 | 10.030.100 USD | (82.447) USD | (0,07) |
| Citibank, N.A. (1.865)/3 month USD-LIBOR-BBA/Oct-39 | Okt-29/1,865 | 1.820.200 | (103.897) | (0,09) |
| 2.395/3 month USD-LIBOR-BBA/Nov-33 | Nov-23/2,395 | 5.908.700 | (106.120) | (0,09) |
| 1.865/3 month USD-LIBOR-BBA/Oct-39 | Okt-29/1,865 | 1.820.200 | (115.473) | (0,10) |
| Goldman Sachs International 1.722/6 month GBP-LIBOR-BBA/Feb-39 | Feb-29/1,722 | 981.800 GBP | (55.150) | (0,05) |
| (1.722)/6 month GBP-LIBOR-BBA/Feb-39 | Feb-29/1,722 | 981.800 | (125.862) | (0,11) |


## 31. Dezember 2021
AUSSTEHENDE VERKAUFTE SWAP-OPTIONEN (-3,84 %) (30. Juni 2021: -2,72 %) 
Forts.
| Kontrahent Recht auf Erhalt oder (Zahlung) eines festen Zinssatzes (%)/ Zinsvariabler Index/Fälligkeit | Verfalltermin/ Ausübungspreis | Nenn-/ Kontrakt- betrag | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- | --- |
| JPMorgan Chase Bank N.A. |  |  |  |  |
| (0.968)/3 month USD-LIBOR-BBA/Mar-35 | Mär-25/0,968 | 459.600 USD | (7.850) USD | (0,01) |
| (1.07)/3 month USD-LIBOR-BBA/Mar-32 | Mär-27/1,07 | 732.100 | (11.282) | (0,01) |
| 1.07/3 month USD-LIBOR-BBA/Mar-32 | Mär-27/1,07 | 732.100 | (35.983) | (0,03) |
| 0.968/3 month USD-LIBOR-BBA/Mar-35 | Mär-25/0,968 | 459.600 | (43.074) | (0,04) |
| 3.229/3 month USD-LIBOR-BBA/Nov-33 | Nov-23/3,229 | 6.721.200 | (46.040) | (0,04) |
| 1.667/6 month EUR-EURIBOR-Reuters/Feb-36 | Feb-26/1,667 | 2.160.000 EUR | (48.667) | (0,04) |
| 2.328/3 month USD-LIBOR-BBA/May-36 | Mai-26/2,328 | 1.800.000 USD | (63.558) | (0,05) |
| (2.328)/3 month USD-LIBOR-BBA/May-36 | Mai-26/2,328 | 1.800.000 | (137.646) | (0,12) |
| (1.667)/6 month EUR-EURIBOR-Reuters/Feb-36 | Feb-26/1,667 | 2.160.000 EUR | (289.050) | (0,25) |
| (3.229)/3 month USD-LIBOR-BBA/Nov-33 | Nov-23/3,229 | 6.721.200 USD | (934.986) | (0,80) |
| Morgan Stanley & Co. International PLC 1.6075/3 month USD-LIBOR-BBA/Mar-27 | Mär-22/1,6075 | 1.658.300 | (5.821) | - |
| 3.01/3 month USD-LIBOR-BBA/Feb-36 | Feb-26/3,01 | 776.600 | (15.151) | (0,01) |
| 2.97/3 month USD-LIBOR-BBA/Feb-36 | Feb-26/2,97 | 776.600 | (15.532) | (0,01) |
| (1.512)/3 month USD-LIBOR-BBA/Aug-32 | Aug-22/1,512 | 2.005.900 | (31.894) | (0,03) |
| 1.512/3 month USD-LIBOR-BBA/Aug-32 | Aug-22/1,512 | 2.005.900 | (63.687) | (0,05) |
| (2.97)/3 month USD-LIBOR-BBA/Feb-36 | Feb-26/2,97 | 776.600 | (92.144) | (0,08) |
| (3.01)/3 month USD-LIBOR-BBA/Feb-36 | Feb-26/3,01 | 776.600 | (94.349) | (0,08) |
| (2.75)/3 month USD-LIBOR-BBA/May-49 | Mai-25/2,75 | 1.990.200 | (425.326) | (0,37) |
| (3.00)/3 month USD-LIBOR-BBA/Apr-48 | Apr-23/3,00 | 1.990.200 | (507.461) | (0,43) |
| (3.00)/3 month USD-LIBOR-BBA/Jan-49 | Jan-24/3,00 | 1.990.200 | (512.914) | (0,44) |
| NatWest Markets PLC 0.84/Sterling Overnight Index Average/Sep-23 | Sep-22/0,84 | 18.167.500 GBP | (110.166) | (0,09) |
| 0.68/Sterling Overnight Index Average/Sep-23 | Sep-22/0,68 | 18.167.500 | (139.429) | (0,12) |
| Toronto-Dominion Bank (1.17)/3 month USD-LIBOR-BBA/Mar-55 | Mär-25/1,17 | 68.800 USD | (3.738) | - |
| 1.65/3 month USD-LIBOR-BBA/Jan-32 | Jan-22/1,65 | 2.798.500 | (16.231) | (0,01) |
| 1.17/3 month USD-LIBOR-BBA/Mar-55 | Mär-25/1,17 | 137.700 | (26.337) | (0,02) |
| UBS AG 1.9875/3 month USD-LIBOR-BBA/Oct-36	Okt-26/1,9875 | 2.111.400 | (103.416) | (0,09) |
| (1.9875)/3 month USD-LIBOR-BBA/Oct-36	Okt-26/1,9875 | 2.111.400 | (124.256) | (0,11) |
| Total Written Swap Options Outstanding |  | (4.494.937) USD | (3,84) |
| AUSSTEHENDE SWAP-OPTIONSKONTRAKTE MIT TERMINAUFSCHLAG (0,29 %) (30. Juni 2021: 0,42 %) |  |  |  |
| Kontrahent	Nenn-/ | Prämien- | Nicht realisierter Wertzuwachs/ |  |
| Recht auf Erhalt oder (Zahlung) eines festen Zinssatzes (%)/	Verfalltermin/	Kontrakt- | forderungen/ | (Wertverlust) | % vom |
| Zinsvariabler Index/Fälligkeit	Ausübungspreis	betrag | (-verbindlichkeiten) | USD | Teilfonds |
| Bank of America N.A. |  |  |  |
| 2.2275/3 month USD-LIBOR-BBA/May-24 (Purchased)	Mai-22/2,2275	12.132.500 USD | (111.922) USD | 140.737 USD | 0,12 |
| 1.304/6 month EUR-EURIBOR-Reuters/Jun-54 (Purchased)	Jun-24/1,304	1.025.800 EUR | (166.241) | 137.529 | 0,12 |
| 2.17/3 month USD-LIBOR-BBA/Apr-34 (Purchased)	Apr-24/2,17	7.813.500 USD | (377.392) | 107.436 | 0,09 |
| (0.925)/3 month USD-LIBOR-BBA/Mar-40 (Purchased)	Mär-30/0,925	2.160.200 | (154.670) | 102.782 | 0,09 |
| (0.305)/3 month USD-LIBOR-BBA/May-23 (Purchased)	Mai-22/0,305	15.704.500 | (18.845) | 66.744 | 0,06 |
| 1.053/6 month EUR-EURIBOR-Reuters/Jun-54 (Purchased)	Jun-24/1,053	542.450 EUR | (123.718) | 65.105 | 0,06 |
| (0.85)/3 month USD-LIBOR-BBA/Mar-40 (Purchased)	Mär-30/0,85	1.100.100 USD | (80.307) | 55.929 | 0,05 |
| 2.29/3 month USD-LIBOR-BBA/Mar-34 (Purchased)	Mär-24/2,29	2.734.700 | (134.508) | 54.366 | 0,05 |
| (1.275)/3 month USD-LIBOR-BBA/Mar-50 (Purchased)	Mär-30/1,275	947.100 | (123.360) | 33.366 | 0,03 |
| 2.35/3 month USD-LIBOR-BBA/Apr-56 (Purchased)	Apr-26/2,35	414.500 | (53.885) | 32.675 | 0,03 |
| (1.76)/3 month USD-LIBOR-BBA/Jan-29 (Purchased)	Jan-28/1,76	9.669.500 | (62.489) | 8.509 | 0,01 |
| 1.76/3 month USD-LIBOR-BBA/Jan-29 (Purchased)	Jan-28/1,76	9.669.500 | (62.489) | 7.059 | 0,01 |
| 1.3925/3 month USD-LIBOR-BBA/Dec-25 (Purchased)	Dez-23/1,3925	16.727.100 | (153.053) | (4.684) | - |


## 31. Dezember 2021
AUSSTEHENDE SWAP-OPTIONSKONTRAKTE MIT TERMINAUFSCHLAG (0,29 %) (30. Juni 2021: 0,42 %) 
Forts.
| Kontrahent Recht auf Erhalt oder (Zahlung) eines festen Zinssatzes (%)/ Zinsvariabler Index/Fälligkeit | Verfalltermin/ Ausübungspreis | Nenn-/ Kontrakt- betrag | Prämien- forderungen/ (-verbindlichkeiten) | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teilfonds |
| --- | --- | --- | --- | --- | --- |
| Bank of America N.A.  Forts. (1.3925)/3 month USD-LIBOR-BBA/Dec-25 (Purchased) | Dez-23/1,3925 | 16.727.100 USD | (153.053) USD | (5.854) USD | (0,01) |
| 1.39/3 month USD-LIBOR-BBA/Dec-26 (Purchased) | Dez-24/1,39 | 9.566.200 | (110.011) | (7.462) | (0,01) |
| (1.39)/3 month USD-LIBOR-BBA/Dec-26 (Purchased) | Dez-24/1,39 | 9.566.200 | (110.011) | (7.749) | (0,01) |
| (2.3075)/3 month USD-LIBOR-BBA/Jun-52 (Purchased) | Jun-22/2,3075 | 710.300 | (16.070) | (8.531) | (0,01) |
| (2.35)/3 month USD-LIBOR-BBA/Apr-56 (Purchased) | Apr-26/2,35 | 414.500 | (53.885) | (23.805) | (0,02) |
| (1.053)/6 month EUR-EURIBOR-Reuters/Jun-54 (Purchased) | Jun-24/1,053 | 542.450 EUR | (123.718) | (29.069) | (0,02) |
| (2.2875)/3 month USD-LIBOR-BBA/May-32 (Purchased) | Mai-22/2,2875 | 3.140.900 USD | (40.832) | (32.320) | (0,03) |
| (1.304)/6 month EUR-EURIBOR-Reuters/Jun-54 (Purchased) | Jun-24/1,304 | 1.025.800 EUR | (83.121) | (38.657) | (0,03) |
| 0.85/3 month USD-LIBOR-BBA/Mar-40 (Purchased) | Mär-30/0,85 | 1.100.100 USD | (80.307) | (43.839) | (0,04) |
| (2.485)/3 month USD-LIBOR-BBA/Oct-54 (Purchased) | Okt-24/2,485 | 3.286.400 | (198.334) | (46.470) | (0,04) |
| 1.275/3 month USD-LIBOR-BBA/Mar-50 (Purchased) | Mär-30/1,275 | 947.100 | (123.360) | (49.410) | (0,04) |
| 0.925/3 month USD-LIBOR-BBA/Mar-40 (Purchased) | Mär-30/0,925 | 2.160.200 | (154.670) | (79.798) | (0,07) |
| (2.2275)/3 month USD-LIBOR-BBA/May-24 (Purchased) | Mai-22/2,2275 | 12.132.500 | (111.922) | (108.222) | (0,09) |
| 2.3075/3 month USD-LIBOR-BBA/Jun-52 (Purchased) | Jun-22/2,3075 | 710.300 | (333.966) | (230.279) | (0,20) |
| 2.415/3 month USD-LIBOR-BBA/Oct-33 (Written) | Okt-23/2,415 | 10.188.000 | 215.222 | 45.438 | 0,04 |
| 1.7875/3 month USD-LIBOR-BBA/May-32 (Written) | Mai-22/1,7875 | 1.570.400 | 43.971 | 25.896 | 0,02 |
| (1.115)/3 month USD-LIBOR-BBA/Jan-26 (Written) | Jan-25/1,115 | 9.669.500 | 40.733 | 11.120 | 0,01 |
| (1.6125)/3 month USD-LIBOR-BBA/Dec-41 (Written) | Dez-31/1,6125 | 1.798.200 | 133.516 | 9.692 | 0,01 |
| 1.6125/3 month USD-LIBOR-BBA/Dec-41 (Written) | Dez-31/1,6125 | 1.798.200 | 133.516 | (3.021) | - |
| (1.29)/3 month USD-LIBOR-BBA/Mar-34 (Written) | Mär-24/1,29 | 3.906.800 | 60.946 | (19.651) | (0,02) |
| (1.085)/3 month USD-LIBOR-BBA/Apr-34 (Written) | Apr-24/1,085 | 15.627.100 | 214.482 | (34.536) | (0,03) |
| 1.115/3 month USD-LIBOR-BBA/Jan-26 (Written) | Jan-25/1,115 | 9.669.500 | 40.733 | (37.324) | (0,03) |
| 0.805/3 month USD-LIBOR-BBA/May-23 (Written) | Mai-22/0,805 | 31.408.900 | 10.208 | (42.402) | (0,04) |
| Citibank, N.A. (1.529)/3 month USD-LIBOR-BBA/Sep-32 (Purchased) | Sep-22/1,529 | 10.438.000 | (277.444) | 53.129 | 0,04 |
| 2.427/3 month USD-LIBOR-BBA/Jun-41 (Purchased) | Jun-31/2,427 | 981.000 | (71.466) | 19.689 | 0,02 |
| (1.102)/3 month USD-LIBOR-BBA/Nov-32 (Purchased) | Nov-22/1,102 | 481.400 | (15.296) | 15.516 | 0,01 |
| 1.90/3 month USD-LIBOR-BBA/Jun-28 (Purchased) | Jun-26/1,90 | 5.207.500 | (69.416) | 8.228 | 0,01 |
| 1.625/3 month USD-LIBOR-BBA/Jan-61 (Purchased) | Jan-41/1,625 | 762.000 | (112.395) | 6.706 | 0,01 |
| (1.752)/3 month USD-LIBOR-BBA/Dec-31 (Purchased) | Dez-26/1,752 | 8.655.200 | (282.160) | 173 | - |
| (2.194)/3 month USD-LIBOR-BBA/Sep-52 (Purchased) | Sep-22/2,194 | 1.285.200 | (31.523) | (2.043) | - |
| (1.37)/3 month USD-LIBOR-BBA/Mar-32 (Purchased) | Mär-22/1,37 | 8.226.300 | (122.572) | (4.195) | - |
| (1.625)/3 month USD-LIBOR-BBA/Jan-61 (Purchased) | Jan-41/1,625 | 762.000 | (112.395) | (8.374) | (0,01) |
| 1.37/3 month USD-LIBOR-BBA/Mar-32 (Purchased) | Mär-22/1,37 | 8.226.300 | (122.572) | (8.967) | (0,01) |
| (1.90)/3 month USD-LIBOR-BBA/Jun-28 (Purchased) | Jun-26/1,90 | 5.207.500 | (69.416) | (9.894) | (0,01) |
| 1.102/3 month USD-LIBOR-BBA/Nov-32 (Purchased) | Nov-22/1,102 | 481.400 | (15.296) | (11.703) | (0,01) |
| (2.427)/3 month USD-LIBOR-BBA/Jun-41 (Purchased) | Jun-31/2,427 | 981.000 | (71.466) | (17.570) | (0,02) |
| 1.752/3 month USD-LIBOR-BBA/Dec-31 (Purchased) | Dez-26/1,752 | 8.655.200 | (282.160) | (19.907) | (0,02) |
| (1.245)/3 month USD-LIBOR-BBA/Aug-24 (Written) | Aug-22/1,245 | 8.492.800 | 77.709 | 45.521 | 0,04 |
| 1.245/3 month USD-LIBOR-BBA/Aug-24 (Written) | Aug-22/1,245 | 8.492.800 | 77.709 | 27.602 | 0,02 |
| (1.194)/3 month USD-LIBOR-BBA/Jun-25 (Written) | Jun-23/1,194 | 5.207.500 | 39.473 | 19.841 | 0,02 |
| (1.177)/3 month USD-LIBOR-BBA/Jul-40 (Written) | Jul-30/1,177 | 421.600 | 31.957 | 14.246 | 0,01 |
| 1.918/3 month USD-LIBOR-BBA/Jan-51 (Written) | Jan-31/1,918 | 917.200 | 109.697 | 6.375 | 0,01 |
| (1.918)/3 month USD-LIBOR-BBA/Jan-51 (Written) | Jan-31/1,918 | 917.200 | 109.697 | (5.026) | - |
| 1.177/3 month USD-LIBOR-BBA/Jul-40 (Written) | Jul-30/1,177 | 421.600 | 31.957 | (12.627) | (0,01) |
| 1.194/3 month USD-LIBOR-BBA/Jun-25 (Written) | Jun-23/1,194 | 5.207.500 | 39.473 | (22.444) | (0,02) |
| 1.7075/3 month USD-LIBOR-BBA/Sep-27 (Written) | Sep-22/1,7075 | 6.169.200 | 32.697 | (26.034) | (0,02) |
| 1.849/3 month USD-LIBOR-BBA/Sep-32 (Written) | Sep-22/1,849 | 20.876.000 | 313.963 | (50.520) | (0,04) |


## 31. Dezember 2021
AUSSTEHENDE SWAP-OPTIONSKONTRAKTE MIT TERMINAUFSCHLAG (0,29 %) (30. Juni 2021: 0,42 %) 
Forts.
| Kontrahent Recht auf Erhalt oder (Zahlung) eines festen Zinssatzes (%)/ Zinsvariabler Index/Fälligkeit | Verfalltermin/ Ausübungspreis | Nenn-/ Kontrakt- betrag | Prämien- forderungen/ (-verbindlichkeiten) | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teilfonds |
| --- | --- | --- | --- | --- | --- |
| Goldman Sachs International (-0.197)/6 month EUR-EURIBOR-Reuters/Jun-25 (Purchased) | Jun-23/-0,197 | 7.311.800 EUR | (32.485) USD | 43.454 USD | 0,04 |
| 2.8175/3 month USD-LIBOR-BBA/Mar-47 (Purchased) | Mär-27/2,8175 | 329.100 USD | (41.549) | 25.068 | 0,02 |
| 1.727/3 month USD-LIBOR-BBA/Jan-55 (Purchased) | Jan-25/1,727 | 471.900 | (43.273) | 6.677 | 0,01 |
| -0.197/6 month EUR-EURIBOR-Reuters/Jun-25 (Purchased) | Jun-23/-0,197 | 7.311.800 EUR | (32.485) | (13.069) | (0,01) |
| (1.557)/3 month USD-LIBOR-BBA/Feb-32 (Purchased) | Feb-22/1,557 | 5.513.400 USD | (76.636) | (13.673) | (0,01) |
| (1.727)/3 month USD-LIBOR-BBA/Jan-55 (Purchased) | Jan-25/1,727 | 471.900 | (70.549) | (15.842) | (0,01) |
| (1.7355)/3 month USD-LIBOR-BBA/Feb-32 (Purchased) | Feb-22/1,7355 | 2.761.700 | (42.437) | (25.242) | (0,02) |
| (2.8175)/3 month USD-LIBOR-BBA/Mar-47 (Purchased) | Mär-27/2,8175 | 329.100 | (41.549) | (25.515) | (0,02) |
| 1.557/3 month USD-LIBOR-BBA/Feb-32 (Purchased) | Feb-22/1,557 | 5.513.400 | (76.636) | (32.088) | (0,03) |
| 1.9555/3 month USD-LIBOR-BBA/Feb-32 (Written) | Feb-22/1,9555 | 5.523.500 | 41.758 | 29.606 | 0,03 |
| (0.555)/6 month EUR-EURIBOR-Reuters/Mar-40 (Written) | Mär-30/0,555 | 900.100 EUR | 135.926 | 17.441 | 0,01 |
| (1.71)/3 month USD-LIBOR-BBA/Dec-56 (Written) | Dez-26/1,71 | 918.400 USD | 124.351 | 6.576 | 0,01 |
| 1.71/3 month USD-LIBOR-BBA/Dec-56 (Written) | Dez-26/1,71 | 918.400 | 124.351 | (377) | - |
| 2.41/3 month USD-LIBOR-BBA/Aug-33 (Written) | Aug-23/2,41 | 2.448.000 | 35.741 | (2.840) | - |
| (0.26)/6 month EUR-EURIBOR-Reuters/Jun-28 (Written) | Jun-26/0,26 | 7.311.800 EUR | 81.539 | (6.243) | (0,01) |
| 2.07/3 month USD-LIBOR-BBA/Aug-33 (Written) | Aug-23/2,07 | 2.438.200 USD | 50.471 | (8.290) | (0,01) |
| 0.555/6 month EUR-EURIBOR-Reuters/Mar-40 (Written) | Mär-30/0,555 | 900.100 EUR | 135.926 | (9.725) | (0,01) |
| 0.26/6 month EUR-EURIBOR-Reuters/Jun-28 (Written) | Jun-26/0,26 | 7.311.800 | 81.539 | (24.224) | (0,02) |
| JPMorgan Chase Bank N.A. 1.921/6 month EUR-EURIBOR-Reuters/Oct-48 (Purchased) | Okt-28/1,921 | 1.172.900 | (149.995) | 223.791 | 0,18 |
| 2.8325/3 month USD-LIBOR-BBA/Feb-52 (Purchased) | Feb-22/2,8325 | 1.645.700 USD | (229.781) | 210.024 | 0,18 |
| (0.5825)/3 month USD-LIBOR-BBA/Oct-23 (Purchased) | Okt-22/0,5825 | 46.058.200 | (78.299) | 209.565 | 0,18 |
| (1.445)/6 month AUD-BBR-BBSW/Mar-40 (Purchased) | Mär-30/1,445 | 1.000.100 AUD | (37.489) | 28.188 | 0,02 |
| (1.441)/6 month AUD-BBR-BBSW/Jul-45 (Purchased) | Jul-25/1,441 | 479.100 | (28.335) | 24.013 | 0,02 |
| 2.032/3 month USD-LIBOR-BBA/Jan-55 (Purchased) | Jan-25/2,032 | 761.400 USD | (87.942) | 22.987 | 0,02 |
| 2.495/6 month AUD-BBR-BBSW/Nov-46 (Purchased) | Nov-26/2,495 | 924.500 AUD | (57.493) | 17.811 | 0,02 |
| (1.692)/6 month AUD-BBR-BBSW/Jan-35 (Purchased) | Jan-25/1,692 | 664.600 | (20.735) | 15.400 | 0,01 |
| (1.805)/3 month USD-LIBOR-BBA/Dec-36 (Purchased) | Dez-26/1,805 | 967.600 USD | (57.379) | 997 | - |
| (1.6875)/3 month USD-LIBOR-BBA/Mar-23 (Purchased) | Mär-22/1,6875 | 6.633.000 | (11.608) | (1.791) | - |
| 1.805/3 month USD-LIBOR-BBA/Dec-36 (Purchased) | Dez-26/1,805 | 967.600 | (57.379) | (5.235) | - |
| (2.495)/6 month AUD-BBR-BBSW/Nov-46 (Purchased) | Nov-26/2,495 | 924.500 AUD | (57.493) | (7.843) | (0,01) |
| 1.692/6 month AUD-BBR-BBSW/Jan-35 (Purchased) | Jan-25/1,692 | 664.600 | (20.735) | (11.416) | (0,01) |
| 1.441/6 month AUD-BBR-BBSW/Jul-45 (Purchased) | Jul-25/1,441 | 479.100 | (28.335) | (19.074) | (0,02) |
| 1.445/6 month AUD-BBR-BBSW/Mar-40 (Purchased) | Mär-30/1,445 | 1.000.100 | (37.489) | (21.407) | (0,02) |
| (2.032)/3 month USD-LIBOR-BBA/Jan-55 (Purchased) | Jan-25/2,032 | 761.400 USD | (87.942) | (24.502) | (0,02) |
| (1.921)/6 month EUR-EURIBOR-Reuters/Oct-48 (Purchased) | Okt-28/1,921 | 1.172.900 EUR | (149.995) | (99.590) | (0,09) |
| (2.8325)/3 month USD-LIBOR-BBA/Feb-52 (Purchased) | Feb-22/2,8325 | 1.645.700 USD | (229.781) | (229.723) | (0,20) |
| (1.232)/3 month USD-LIBOR-BBA/Jun-37 (Written) | Jun-27/1,232 | 1.351.900 | 86.860 | 40.084 | 0,03 |
| (1.204)/3 month USD-LIBOR-BBA/Jun-40 (Written) | Jun-30/1,204 | 1.072.000 | 79.918 | 34.304 | 0,03 |
| (1.168)/3 month USD-LIBOR-BBA/Jun-37 (Written) | Jun-27/1,168 | 840.400 | 54.080 | 26.498 | 0,02 |
| 2.50/6 month AUD-BBR-BBSW/Nov-42 (Written) | Nov-22/2,50 | 573.200 AUD | 20.690 | 7.031 | 0,01 |
| 1.8875/3 month USD-LIBOR-BBA/Mar-23 (Written) | Mär-22/1,8875 | 6.633.000 USD | 6.301 | 862 | - |
| 2.0875/3 month USD-LIBOR-BBA/Mar-23 (Written) | Mär-22/2,0875 | 6.633.000 | 3.317 | 332 | - |
| (2.50)/6 month AUD-BBR-BBSW/Nov-42 (Written) | Nov-22/2,50 | 573.200 AUD | 20.690 | (11.744) | (0,01) |
| 1.168/3 month USD-LIBOR-BBA/Jun-37 (Written) | Jun-27/1,168 | 840.400 USD | 54.080 | (26.212) | (0,02) |
| 1.204/3 month USD-LIBOR-BBA/Jun-40 (Written) | Jun-30/1,204 | 1.072.000 | 79.918 | (31.645) | (0,03) |
| 1.232/3 month USD-LIBOR-BBA/Jun-37 (Written) | Jun-27/1,232 | 1.351.900 | 86.860 | (37.204) | (0,03) |
| 1.0325/3 month USD-LIBOR-BBA/Oct-23 (Written) | Okt-22/1,0325 | 46.058.200 | 27.635 | (116.527) | (0,10) |
| 0.8075/3 month USD-LIBOR-BBA/Oct-23 (Written) | Okt-22/0,8075 | 46.058.200 | 43.755 | (163.967) | (0,14) |


## 31. Dezember 2021
AUSSTEHENDE SWAP-OPTIONSKONTRAKTE MIT TERMINAUFSCHLAG (0,29 %) (30. Juni 2021: 0,42 %) 
Forts.
| Kontrahent Recht auf Erhalt oder (Zahlung) eines festen Zinssatzes (%)/ Zinsvariabler Index/Fälligkeit | Verfalltermin/ Ausübungspreis | Nenn-/ Kontrakt- betrag | Prämien- forderungen/ (-verbindlichkeiten) | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teilfonds |
| --- | --- | --- | --- | --- | --- |
| Morgan Stanley & Co. International PLC 3.27/3 month USD-LIBOR-BBA/Oct-53 (Purchased) | Okt-23/3,27 | 1.135.600 USD | (129.572) USD | 285.717 USD | 0,23 |
| (3.27)/3 month USD-LIBOR-BBA/Oct-53 (Purchased) | Okt-23/3,27 | 1.135.600 | (129.572) | (116.161) | (0,10) |
| 2.39/3 month USD-LIBOR-BBA/Jun-34 (Written) | Jun-24/2,39 | 3.945.300 | 207.720 | 116.347 | 0,10 |
| (2.39)/3 month USD-LIBOR-BBA/Jun-34 (Written) | Jun-24/2,39 | 3.945.300 | 207.720 | (94.963) | (0,08) |
| Toronto-Dominion Bank (1.50)/3 month USD-LIBOR-BBA/Feb-33 (Purchased) | Feb-23/1,50 | 3.196.500 | (109.880) | 20.138 | 0,02 |
| 2.405/3 month USD-LIBOR-BBA/Mar-41 (Purchased) | Mär-31/2,405 | 380.900 | (26.568) | 8.098 | 0,01 |
| 1.937/3 month USD-LIBOR-BBA/Feb-36 (Purchased) | Feb-26/1,937 | 1.278.600 | (66.871) | 5.945 | 0,01 |
| (1.937)/3 month USD-LIBOR-BBA/Feb-36 (Purchased) | Feb-26/1,937 | 1.278.600 | (66.871) | (3.721) | - |
| (2.405)/3 month USD-LIBOR-BBA/Mar-41 (Purchased) | Mär-31/2,405 | 380.900 | (26.568) | (5.752) | - |
| 1.50/3 month USD-LIBOR-BBA/Feb-33 (Purchased) | Feb-23/1,50 | 3.196.500 | (109.880) | (48.075) | (0,04) |
| 2.095/3 month USD-LIBOR-BBA/Feb-56 (Written) | Feb-26/2,095 | 552.300 | 72.627 | 22.423 | 0,02 |
| 1.775/3 month USD-LIBOR-BBA/Mar-32 (Written) | Mär-22/1,775 | 990.200 | 26.983 | 20.794 | 0,02 |
| (1.775)/3 month USD-LIBOR-BBA/Mar-32 (Written) | Mär-22/1,775 | 990.200 | 26.983 | 5.090 | - |
| (2.095)/3 month USD-LIBOR-BBA/Feb-56 (Written) | Feb-26/2,095 | 552.300 | 72.627 | (20.662) | (0,02) |
| UBS AG (0.271)/6 month EUR-EURIBOR-Reuters/Jan-36 (Purchased) | Jan-26/0,271 | 2.047.200 EUR | (107.072) | 64.282 | 0,05 |
| (0.44)/6 month EUR-EURIBOR-Reuters/Feb-41 (Purchased) | Feb-31/0,44 | 1.535.400 | (120.455) | 40.607 | 0,03 |
| (0.45)/6 month EUR-EURIBOR-Reuters/Jan-41 (Purchased) | Jan-31/0,45 | 1.228.300 | (96.624) | 31.450 | 0,03 |
| (0.8925)/3 month USD-LIBOR-BBA/Apr-28 (Purchased) | Apr-23/0,8925 | 1.583.900 USD | (33.579) | 28.938 | 0,02 |
| (0.902)/3 month USD-LIBOR-BBA/Apr-35 (Purchased) | Apr-25/0,902 | 633.600 | (35.450) | 28.018 | 0,02 |
| (0.87)/3 month USD-LIBOR-BBA/Apr-28 (Purchased) | Apr-27/0,87 | 5.279.600 | (35.611) | 24.603 | 0,02 |
| (0.983)/3 month USD-LIBOR-BBA/Apr-32 (Purchased) | Apr-30/0,983 | 2.111.800 | (33.472) | 18.901 | 0,02 |
| (0.296)/6 month EUR-EURIBOR-Reuters/Jan-51 (Purchased) | Jan-31/0,296 | 511.800 EUR | (77.443) | 18.856 | 0,02 |
| 1.175/6 month GBP-LIBOR-BBA/Jan-40 (Purchased) | Jan-30/1,175 | 949.400 GBP | (86.305) | 6.053 | 0,01 |
| (0.762)/6 month GBP-LIBOR-BBA/Aug-39 (Purchased) | Aug-29/0,762 | 406.500 | (37.490) | 5.134 | - |
| 1.87/3 month USD-LIBOR-BBA/Jul-46 (Purchased) | Jul-41/1,87 | 1.464.000 USD | (68.076) | 3.089 | - |
| (1.175)/6 month GBP-LIBOR-BBA/Jan-40 (Purchased) | Jan-30/1,175 | 949.400 GBP | (86.305) | (77) | - |
| 2.00/6 month AUD-BBR-BBSW/Sep-46 (Purchased) | Sep-36/2,00 | 905.800 AUD | (48.211) | (685) | - |
| (2.00)/6 month AUD-BBR-BBSW/Sep-46 (Purchased) | Sep-36/2,00 | 905.800 | (48.211) | (791) | - |
| (1.87)/3 month USD-LIBOR-BBA/Jul-46 (Purchased) | Jul-41/1,87 | 1.464.000 USD | (68.076) | (4.172) | - |
| (1.715)/3 month USD-LIBOR-BBA/Feb-53 (Purchased) | Feb-23/1,715 | 639.300 | (57.697) | (7.825) | (0,01) |
| 0.32/6 month EUR-EURIBOR-Reuters/Sep-52 (Purchased) | Sep-22/0,32 | 1.811.600 EUR | (110.117) | (11.612) | (0,01) |
| 0.762/6 month GBP-LIBOR-BBA/Aug-39 (Purchased) | Aug-29/0,762 | 406.500 GBP | (37.490) | (12.330) | (0,01) |
| 0.296/6 month EUR-EURIBOR-Reuters/Jan-51 (Purchased) | Jan-31/0,296 | 511.800 EUR | (77.443) | (14.585) | (0,01) |
| 0.983/3 month USD-LIBOR-BBA/Apr-32 (Purchased) | Apr-30/0,983 | 2.111.800 USD | (33.472) | (14.593) | (0,01) |
| 1.715/3 month USD-LIBOR-BBA/Feb-53 (Purchased) | Feb-23/1,715 | 639.300 | (57.697) | (15.804) | (0,01) |
| 0.87/3 month USD-LIBOR-BBA/Apr-28 (Purchased) | Apr-27/0,87 | 5.279.600 | (35.611) | (18.162) | (0,02) |
| 0.45/6 month EUR-EURIBOR-Reuters/Jan-41 (Purchased) | Jan-31/0,45 | 1.228.300 EUR | (96.624) | (18.949) | (0,02) |
| 0.44/6 month EUR-EURIBOR-Reuters/Feb-41 (Purchased) | Feb-31/0,44 | 1.535.400 | (120.455) | (24.088) | (0,02) |
| 0.902/3 month USD-LIBOR-BBA/Apr-35 (Purchased) | Apr-25/0,902 | 633.600 USD | (35.450) | (24.273) | (0,02) |
| 0.8925/3 month USD-LIBOR-BBA/Apr-28 (Purchased) | Apr-23/0,8925 | 1.583.900 | (33.579) | (27.560) | (0,02) |
| 0.271/6 month EUR-EURIBOR-Reuters/Jan-36 (Purchased) | Jan-26/0,271 | 2.047.200 EUR | (107.072) | (31.092) | (0,03) |
| (0.958)/3 month USD-LIBOR-BBA/May-30 (Written) | Mai-25/0,958 | 1.267.100 USD | 33.673 | 19.019 | 0,02 |
| (0.43)/6 month EUR-EURIBOR-Reuters/Aug-39 (Written) | Aug-29/0,43 | 378.100 EUR | 30.312 | 11.605 | 0,01 |
| (0.16)/6 month EUR-EURIBOR-Reuters/Sep-52 (Written) | Sep-22/0,16 | 1.811.600 | 72.468 | 4.971 | - |
| (0.00)/6 month EUR-EURIBOR-Reuters/Sep-52 (Written) | Sep-22/0,00 | 1.811.600 | 46.976 | 1.093 | - |
| 0.43/6 month EUR-EURIBOR-Reuters/Aug-39 (Written) | Aug-29/0,43 | 378.100 | 30.312 | (4.925) | - |
| 0.958/3 month USD-LIBOR-BBA/May-30 (Written) | Mai-25/0,958 | 1.267.100 USD | 33.673 | (26.457) | (0,02) |


## 31. Dezember 2021
AUSSTEHENDE SWAP-OPTIONSKONTRAKTE MIT TERMINAUFSCHLAG (0,29 %) (30. Juni 2021: 0,42 %) 
Forts.
| Kontrahent Recht auf Erhalt oder (Zahlung) eines festen Zinssatzes (%)/ Zinsvariabler Index/Fälligkeit | Verfalltermin/ Ausübungspreis | Nenn-/ Kontrakt- betrag | Prämien- forderungen/ (-verbindlichkeiten) | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teilfonds |
| --- | --- | --- | --- | --- | --- |
| Wells Fargo Bank, N.A. |  |  |  |  |  |
| (1.405)/3 month USD-LIBOR-BBA/Feb-29 (Purchased) | Feb-24/1,405 | 4.475.200 USD | (91.630) USD | 35.265 USD | 0,03 |
| 2.16/3 month USD-LIBOR-BBA/Feb-35 (Purchased) | Feb-25/2,16 | 1.891.100 | (94.319) | 29.199 | 0,02 |
| (1.3875)/3 month USD-LIBOR-BBA/Feb-29 (Purchased) | Feb-24/1,3875 | 3.196.500 | (65.608) | 26.531 | 0,02 |
| 1.96/3 month USD-LIBOR-BBA/Jan-41 (Purchased) | Jan-31/1,96 | 1.455.500 | (98.537) | 2.765 | - |
| (1.96)/3 month USD-LIBOR-BBA/Jan-41 (Purchased) | Jan-31/1,96 | 1.455.500 | (98.537) | 2.416 | - |
| 1.3875/3 month USD-LIBOR-BBA/Feb-29 (Purchased) | Feb-24/1,3875 | 3.196.500 | (65.608) | (19.403) | (0,02) |
| 1.405/3 month USD-LIBOR-BBA/Feb-29 (Purchased) | Feb-24/1,405 | 4.475.200 | (91.630) | (25.374) | (0,02) |
| (2.16)/3 month USD-LIBOR-BBA/Feb-35 (Purchased) | Feb-25/2,16 | 1.891.100 | (94.319) | (28.480) | (0,02) |
| Nicht realisierter Wertzuwachs aus ausstehenden Swap-Optionskontrakten mit Terminaufschlag | 2.999.465 USD | 2,56 |
| Nicht realisierter Wertverlust aus ausstehenden Swap-Optionskontrakten mit Terminaufschlag | (2.657.966) USD | (2,27) |
| Nicht realisierter Wertzuwachs aus ausstehenden Swap-Optionskontrakten mit Terminaufschlag, netto | 341.499 USD | 0,29 |
| OFFENE FUTURES-KONTRAKTE (-0,08 %) (30. Juni 2021: -0,03 %) |  |  |
| Anzahl von	Nenn-	Verfall- | Nicht realisierter Wertzuwachs/ (Wertverlust) | % vom |
| Kontrakten	betrag	Wert	termin | USD | Teilfonds |
| U.S. Treasury Note 2 yr (Short)	254  55.415.657 USD	55.415.657 USD	Mär-22 | 50.320 USD | 0,04 |
| U.S. Treasury Note Ultra 10 yr (Short)	58	8.493.375	8.493.375	Mär-22 | (141.375) | (0,12) |
| Nicht realisierter Wertzuwachs aus ausstehenden Futures- Kontrakten | 50.320 USD | 0,04 |
| Nicht realisierter Wertverlust aus ausstehenden Futures- Kontrakten | (141.375) USD | (0,12) |
| Nicht realisierter Wertverlust aus ausstehenden Futures-Kontrakten, netto | (91.055) USD | (0,08) |
| Abrechnung des variablen Einschusses bis dato | - USD | - |
| Kumulierter nicht realisierter Wertverlust abzgl. der Abrechnung des variablen Einschusses bis dato | (91.055) USD | (0,08) |
| Der Makler für die Futures-Kontrakte im Teilfonds ist JPMorgan Securities Incorporated. |  |  |
| AUSSTEHENDE TBA-VERKAUFSVERPFLICHTUNGEN (-26,35 %) (30. Juni 2021: -21,24 %) |  |  |
| Kapital-	Kupon- Abrechnungs- | Wert | % vom |
| betrag Behörde	satz %	termin | USD | Teilfonds |
| 2.000.000 USD Uniform Mortgage Backed Securities	6,00	13.01.2022 | (2.160.614) USD | (1,85) |
| 2.000.000 Uniform Mortgage Backed Securities	5,50	13.01.2022 | (2.163.753) | (1,85) |
| 7.000.000 Uniform Mortgage Backed Securities	3,50	13.01.2022 | (7.371.876) | (6,30) |
| 4.000.000 Uniform Mortgage Backed Securities	3,00	13.01.2022 | (4.145.469) | (3,54) |
| 1.000.000 Uniform Mortgage Backed Securities	2,50	13.01.2022 | (1.021.094) | (0,87) |
| 14.000.000 Uniform Mortgage Backed Securities	2,00	13.01.2022 | (13.966.313) | (11,94) |
| Summe ausstehender TBA-Verkaufsverpflichtungen | (30.829.119) USD | (26,35) |
| AUSSTEHENDE ZENTRAL ABGEWICKELTE ZINSSWAPKONTRAKTE (-0,02 %) (30. Juni 2021: -0,04 %) |  |  |
|  |  | Im Voraus |  |  |  | Nicht realisierter |  |
|  |  | erhaltene/ (gezahlte) | Ablauf- | Vom Teilfonds geleistete | Vom Teilfonds vereinnahmte | Wertzuwachs/ (Wertverlust) | % vom |
| Nennwert | Wert | Prämie | termin | Zahlungen | Zahlungen | USD | Teilfonds |
| 2.155.000 USD | 7.801 USD (E) | (3.874) USD | 16.03.2032 | Secured Overnight Financing Rate - Jährlich | 1,385 % - Jährlich | 3.927 USD | - |
| 49.074.000 | 29.935 (E) | (26.283) | 16.03.2024 | Secured Overnight Financing Rate - Jährlich | 0,90 % - Jährlich | 3.652 | - |
| 86.621.000 | 341.287 (E) | 389.411 | 16.03.2027 | 1,25 % - Jährlich | Secured Overnight Financing Rate - Jährlich | 48.124 | 0,05 |
| 18.304.000 | 92.252 (E) | (114.617) | 16.03.2032 | Secured Overnight Financing Rate - Jährlich | 1,40 % - Jährlich | (22.364) | (0,02) |
| 3.038.000 | 101.986 (E) | (111.327) | 16.03.2052 | Secured Overnight Financing Rate - Jährlich | 1,60 % - Jährlich | (9.341) | (0,01) |
| 5.928.000 | 4.268 | 286 | 23.12.2023 | 0,695 % - Jährlich | Secured Overnight Financing Rate - Jährlich | 3.590 | - |
| 3.090.000 | 4.017 | 266 | 23.12.2026 | 1,085 % - Jährlich | Secured Overnight Financing Rate - Jährlich | 3.479 | - |
| 1.619.000 | 4.177 | (421) | 23.12.2031 | Secured Overnight Financing Rate - Jährlich | 1,285 % - Jährlich | (4.096) | - |


## 31. Dezember 2021
AUSSTEHENDE ZENTRAL ABGEWICKELTE ZINSSWAPKONTRAKTE (-0,02 %) (30. Juni 2021: -0,04 %) Forts.
|  | Im Voraus |  |  |  | Nicht realisierter |  |
| --- | --- | --- | --- | --- | --- | --- |
| erhaltene/ (gezahlte) | Ablauf- | Vom Teilfonds geleistete | Vom Teilfonds vereinnahmte | Wertzuwachs/ (Wertverlust) | % vom |
| Nennwert | Wert | Prämie | termin | Zahlungen | Zahlungen | USD | Teilfonds |
| 199.000 USD | 754 USD | (354) USD | 23.12.2051 | Secured Overnight Financing Rate - Jährlich | 1,437 % - Jährlich | (1.039) USD | - |
| 8.059.000 | 5.480 | (820) | 24.12.2023 | 0,697 % - Jährlich Secured | Overnight Financing Rate - Jährlich | 3.497 | - |
| 1.414.000 | 1.089 | (189) | 24.12.2026 | 1,096 % - Jährlich Secured | Overnight Financing Rate - Jährlich | 570 | - |
| 2.478.000 | 6.418 | (1.106) | 24.12.2031 | 1,285 % - Jährlich Secured | Overnight Financing Rate - Jährlich | 4.630 | - |
| 2.952.000 | 12.635 | (1.595) | 24.12.2051 | 1,435 % - Jährlich Secured | Overnight Financing Rate - Jährlich | 10.129 | 0,01 |
| 3.720.000 | 15.140 | (49) | 30.12.2031 | 1,27 % - Jährlich Secured | Overnight Financing Rate - Jährlich | 14.834 | 0,01 |
| 984.000 | 1.702 | (13) | 31.12.2031 | 1,331 % - Jährlich Secured | Overnight Financing Rate - Jährlich | (1.752) | - |
| 8.212.100 | 13.304 (E) | (109) | 07.01.2032 | Secured Overnight Financing Rate - Jährlich | 1,333 % - Jährlich | 13.195 | 0,01 |
| 366.000 | 6.518 | (60) | 31.12.2051 | 1,525 % - Jährlich Secured | Overnight Financing Rate - Jährlich | (6.593) | (0,01) |
| 1.092.000 | 1.190 | (145) | 31.12.2026 | Secured Overnight Financing Rate - Jährlich | 1,135 % - Jährlich | 1.080 | - |
| 975.000 | 3.910 | 356 | 31.12.2031 | Secured Overnight Financing Rate - Jährlich | 1,355 % - Jährlich | 4.302 | - |
| 2.505.000 | 2.430 | (20) | 03.01.2027	1,135 % - Jährlich Secured Overnight Financing |
|  |  |  |  |  | Rate - Jährlich | (2.450) | - |
| 38.000 AUD | 1.546 (E) | - | 30.01.2035 | 1,692 % - Halbjährlich | 6-Monats-AUD-BBR-BBSW - Halbjährlich | 1.546 | - |
| 127.300 | 6.983 (E) | (1) | 05.03.2035 | 1,47 % - Halbjährlich | 6-Monats-AUD-BBR-BBSW - Halbjährlich | 6.982 | 0,01 |
| 47.300 | 2.800 (E) | - | 25.03.2035 | 1,4025 % - Halbjährlich | 6-Monats-AUD-BBR-BBSW - Halbjährlich | 2.799 | - |
| 80.000 | 4.273 (E) | (1) | 28.03.2040 | 1,445 % - Halbjährlich | 6-Monats-AUD-BBR-BBSW - Halbjährlich | 4.272 | - |
| 296.000 | 20.513 (E) | (4) | 01.04.2040 | 1,1685 % - Halbjährlich | 6-Monats-AUD-BBR-BBSW - Halbjährlich | 20.509 | 0,02 |
| 19.200 | 1.816 (E) | - | 02.07.2045 | 1,441 % - Halbjährlich | 6-Monats-AUD-BBR-BBSW - Halbjährlich | 1.816 | - |
| 900.000 | 4.551 | (10) | 06.04.2031 | 6-Monats-AUD-BBR-BBSW - Halbjährlich | 1,87 % - Halbjährlich | (1.778) | - |
| 115.000 | 45 (E) | (123) | 16.03.2032 | 6-Monats-AUD-BBR-BBSW - Halbjährlich | 2,04 % - Halbjährlich | (77) | - |
| 1.021.000 CAD | 5.448 (E) | 2.769 | 16.03.2032 | 3-Monats-CAD-BA-CDOR - Halbjährlich | 2,08 % - Halbjährlich | 8.217 | 0,01 |
| 1.209.000 CHF | 24.758 (E) | 2.113 | 16.03.2032 | 0,070% plus Swiss Average Rate Overnight - Jährlich | - | (22.645) | (0,02) |
| 245.400 EUR | 76.466 (E) | (9) | 29.11.2058 | 1,484 % - Jährlich | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | (76.475) | (0,07) |
| 333.800 | 87.726 | (13) | 19.02.2050 | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | 1,354 % - Jährlich | 93.093 | 0,09 |
| 369.000 | 87.357 | (14) | 11.03.2050 | 1,267 % - Jährlich | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | (92.480) | (0,08) |
| 372.500 | 81.871 | (14) | 12.03.2050 | 1,2115 % - Jährlich | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | (86.831) | (0,07) |
| 465.600 | 88.429 | (18) | 26.03.2050 | 1,113 % - Jährlich | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | (93.853) | (0,08) |
| 458.800 | 122.531 (E) | (17) | 29.11.2058 | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | 1,343 % - Jährlich | 122.514 | 0,11 |
| 484.000 | 82.275 | (19) | 19.02.2050 | 1,051 % - Jährlich | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | (88.595) | (0,07) |
| 355.100 | 61.507 (E) | (14) | 07.06.2054 | 1,054 % - Jährlich | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | (61.521) | (0,05) |
| 324.200 | 40.465 | (12) | 19.02.2050 | 0,9035 % - Jährlich | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | (44.210) | (0,04) |


## 31. Dezember 2021
AUSSTEHENDE ZENTRAL ABGEWICKELTE ZINSSWAPKONTRAKTE (-0,02 %) (30. Juni 2021: -0,04 %) Forts.
|  | Im Voraus |  |  |  | Nicht realisierter |  |
| --- | --- | --- | --- | --- | --- | --- |
| erhaltene/ (gezahlte) | Ablauf- | Vom Teilfonds geleistete | Vom Teilfonds vereinnahmte | Wertzuwachs/ (Wertverlust) | % vom |
| Nennwert | Wert | Prämie | termin | Zahlungen | Zahlungen | USD | Teilfonds |
| 345.500 EUR | 32.172 USD | (13) USD | 21.02.2050 | 0,80 % - Jährlich | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | (35.750) USD | (0,03) |
| 766.900	6.522 (E)	(29) | 08.08.2054 | 0,49 % - Jährlich	6-Monats-EUR-EURIBOR- |
|  |  |  |  |  | REUTERS - Halbjährlich | 6.493 | 0,01 |
| 434.000 | 43.210 (E) | (16) | 06.06.2054 | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | 0,207 % - Jährlich | (43.226) | (0,04) |
| 739.600 | 59.599 | (28) | 19.02.2050 | 0,233 % - Jährlich | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | 56.123 | 0,05 |
| 2.376.000 | 72.009 | (90) | 19.02.2050 | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | 0,595 % - Jährlich | 91.787 | 0,08 |
| 304.400 | 37.411 (E) | (11) | 04.03.2054 | 0,134 % - Jährlich | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | 37.400 | 0,03 |
| 155.500 | 37.236 (E) | (6) | 13.03.2054 | - | 0,2275 % plus 6-Monats- EUR-EURIBOR-REUTERS- Halbjährlich | 37.230 | 0,03 |
| 934.900 | 56.476 (E) | (20) | 13.05.2040 | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | 0,276 % - Jährlich | (56.496) | (0,05) |
| 391.100 | 21.921 (E) | (9) | 24.06.2040 | 0,315 % - Jährlich | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | 21.912 | 0,02 |
| 541.200 | 30.432 (E) | (13) | 16.01.2040 | 0,315 % - Jährlich | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | 30.419 | 0,03 |
| 200.000 | 11.187 (E) | (5) | 28.03.2040 | 0,3175 % - Jährlich | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | 11.182 | 0,01 |
| 587.500 | 6.080 | (24) | 21.05.2051 | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | 0,516 % - Jährlich | 8.617 | 0,01 |
| 417.000 | 4.667 | (7) | 14.06.2031 | 0,171 % - Jährlich | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | 4.077 | - |
| 691.200 | 15.912 | (12) | 15.07.2031 | 0,0675 % - Jährlich | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | 13.708 | 0,01 |
| 135.900 | 5.378 (E) | (5) | 14.09.2052 | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | 0,374 % - Jährlich | (5.384) | - |
| 1.356.000 | 28.313 (E) | 6.425 | 16.03.2032 | 6-Monats-EUR-EURIBOR- REUTERS - Halbjährlich | 0,15 % - Jährlich | (21.890) | (0,02) |
| 337.000 GBP | 8.037 | (7) | 19.05.2031 | Sterling Overnight Index Durchschnitt – Jährlich | 0,754 % - Jährlich | (6.032) | (0,01) |
| 7.267.000 | 12.492 (E) | (37) | 15.09.2023 | 1,065 % - Jährlich | Sterling Overnight Index Durchschnitt – Jährlich | 12.455 | 0,01 |
| 396.000 | 5.708 (E) | 3.488 | 16.03.2032 | 0,85 % - Jährlich | Sterling Overnight Index Durchschnitt – Jährlich | 9.196 | 0,01 |
| 28.500.300 JPY | 19.794 (E) | (8) | 29.08.2043 | 0,8084 % - Halbjährlich | Bank of Japan Unsecured Overnight Call Rate Expected Index - Halbjährlich | (19.802) | (0,02) |
| 35.578.600 | 8.874 (E) | (10) | 29.08.2043 | 0,2529 % - Halbjährlich | Bank of Japan Unsecured Overnight Call Rate Expected Index - Halbjährlich | 8.864 | 0,01 |
| 57.338.700 | 184 | (7) | 25.02.2031 | 0,0619 % - Halbjährlich | Bank of Japan Unsecured Overnight Call Rate Expected Index - Halbjährlich | (212) | - |
| 57.338.700 | 25 | (1) | 25.02.2022 | 6-Monats-JPY-LIBOR-BBA - Halbjährlich | Bank of Japan Unsecured Overnight Call Rate Expected Index - Halbjährlich | 41 | - |
| 70.242.200 | 6.809 (E) | (20) | 29.08.2043 | Bank of Japan Unsecured Overnight Call Rate Expected Index - Jährlich | 0,343 % - Jährlich | (6.829) | (0,01) |
| 9.200.000 NOK | 21.437 (E) | (2.656) | 16.03.2032 | 1,695 % - Jährlich | 6-Monats-NOK-NIBOR-NIBR - Halbjährlich | 18.780 | 0,02 |


## 31. Dezember 2021
AUSSTEHENDE ZENTRAL ABGEWICKELTE ZINSSWAPKONTRAKTE (-0,02 %) (30. Juni 2021: -0,04 %) Forts.
|  |  | Im Voraus |  |  | Nicht realisierter |  |
| --- | --- | --- | --- | --- | --- | --- |
|  |  | erhaltene/ (gezahlte) | Ablauf- | Vom Teilfonds geleistete | Vom Teilfonds Wertzuwachs/ vereinnahmte (Wertverlust) | % vom |
| Nennwert | Wert | Prämie | termin | Zahlungen | Zahlungen	USD | Teilfonds |
| 1.437.000 NZD | 7.943 USD (E) | (3.698) USD | 16.03.2032 | 2,590 % - Halbjährlich | 3-Monats-NZD-BBR-FRA - Vierteljährlich	4.244 USD | - |
| 3.364.000 SEK | 5.372 (E) | (39) | 16.03.2032 | 0,850 % - Jährlich | 3-Monats-SEK-STIBOR-SIDE |  |
|  | - Vierteljährlich | 5.334 | - |
| Nicht realisierter Wertzuwachs aus zentral abgewickelten ausstehenden Zinsswapkontrakten |  | 754.619 USD | 0,65 |
| Nicht realisierter Wertverlust aus zentral abgewickelten ausstehenden Zinsswapkontrakten |  | (811.721) USD | (0,70) |
| Nicht realisierter Wertverlust aus zentral abgewickelten ausstehenden Zinsswapkontrakten, netto |  | (57.102) USD | (0,05) |
| Abrechnung des variablen Einschusses bis dato |  | 34.844 USD | 0,03 |
| Kumulierter nicht realisierter Wertverlust abzgl. der Abrechnung des variablen Einschusses bis dato |  | (22.258) USD | (0,02) |

- Siehe Anmerkung 2 im Anhang zum geprüften Jahresabschluss für das Geschäftsjahr zum 30. Juni 2021 in Bezug auf die verlängerten Stichtage.

AUSSTEHENDE OTC-TOTAL RETURN SWAP-KONTRAKTE (-%) (30. Juni 2021: -0,03 %)
AUSSTEHENDE ZENTRAL ABGEWICKELTE TOTAL RETURN SWAP-KONTRAKTE (- %) (30. Juni 2021: - %)
| Nennwert | Wert | Im Voraus erhaltene/ (gezahlte) Prämie | Ablauf- termin | Vom Teilfonds vereinnahmte/ (geleistete) Zahlungen | Vom Teilfonds erhaltene oder gezahlte Gesamtrendite | Nicht realisierter Wertverlust USD | % vom Teilfonds |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 5.848.000 USD | 227.487 USD | (106) USD | 15.01.2032 | 2,78 % - Bei Fälligkeit | USA Non-revised Consumer Price Index- Urban (CPI-U) - Städte (CPI-U) - Bei Fälligkeit | (227.594) USD | (0,19) |

Nicht realisierter Wertverlust aus ausstehenden, zentral abgewickelten Total Return Swap-Kontrakten	(227.594) USD	(0,19) Abrechnung des variablen Einschusses bis dato		232.059 USD		0,19
| Swap-Kontrahent/ Referenzanleihe* | Rating*** | Im Voraus erhaltene/ (gezahlte) Prämie** | Nenn- betrag | Wert | Ablauf- termin | Vom Teilfonds Vereinnahmte Zahlungen | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teil- fonds |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Citigroup Global Markets, Inc CMBX NA A.6 Index | . BBB+/P | 4.509 USD | 37.000 USD | 3.622 USD | 11.05.2063 | 200 Bp - Monatlich | 901 USD | - |
| CMBX NA A.6 Index | BBB+/P | 4.536 | 38.000 | 3.720 | 11.05.2063 | 200 Bp - Monatlich | 831 | - |
| CMBX NA A.6 Index | BBB+/P | 4.501 | 38.000 | 3.720 | 11.05.2063 | 200 Bp - Monatlich | 795 | - |
| CMBX NA A.6 Index | BBB+/P | 6.580 | 56.000 | 5.482 | 11.05.2063 | 200 Bp - Monatlich | 1.119 | - |
| CMBX NA A.6 Index | BBB+/P | 9.120 | 77.000 | 7.538 | 11.05.2063 | 200 Bp - Monatlich | 1.611 | - |
| CMBX NA A.6 Index | BBB+/P | 17.588 | 105.000 | 10.280 | 11.05.2063 | 200 Bp - Monatlich | 7.349 | 0,01 |
| CMBX NA A.6 Index | BBB+/P | 27.376 | 181.000 | 17.720 | 11.05.2063 | 200 Bp - Monatlich | 9.727 | 0,01 |
| CMBX NA A.6 Index | BBB+/P | 42.061 | 253.000 | 24.769 | 11.05.2063 | 200 Bp - Monatlich | 17.391 | 0,02 |
| CMBX NA A.6 Index | BBB+/P | 38.080 | 272.000 | 26.629 | 11.05.2063 | 200 Bp - Monatlich | 11.557 | 0,01 |
| CMBX NA BB.11 Index | BB-/P | 68.930 | 122.000 | 11.163 | 18.11.2054 | 500 Bp - Monatlich | 57.886 | 0,06 |
| CMBX NA BB.6 Index | B-/P | 60.823 | 407.040 | 179.383 | 11.05.2063 | 500 Bp - Monatlich | (118.163) | (0,10) |
| CMBX NA BB.7 Index | B/P | 30.008 | 588.000 | 198.215 | 17.01.2047 | 500 Bp - Monatlich | (167.635) | (0,14) |
| CMBX NA BB.9 Index | B/P | 407 | 2.000 | 462 | 17.09.2058 | 500 Bp - Monatlich | (53) | - |
| CMBX NA BB.9 Index | B/P | 15.317 | 75.000 | 17.318 | 17.09.2058 | 500 Bp - Monatlich | (1.928) | - |
| CMBX NA BBB-.10 Index | BB+/P | 5.455 | 50.000 | 4.470 | 17.11.2059 | 300 Bp - Monatlich | 1.014 | - |
| CMBX NA BBB-.12 Index | BBB-/P | 959 | 23.000 | 1.187 | 17.08.2061 | 300 Bp - Monatlich | (214) | - |
| CMBX NA BBB-.12 Index | BBB-/P | 3.889 | 66.000 | 3.406 | 17.08.2061 | 300 Bp - Monatlich | 522 | - |
| CMBX NA BBB-.12 Index | BBB-/P | 21.559 | 136.000 | 7.018 | 17.08.2061 | 300 Bp - Monatlich | 14.620 | 0,01 |
| Credit Suisse International CMBX NA BB.7 Index | B/P | 14.446 | 108.000 | 36.407 | 17.01.2047 | 500 Bp - Monatlich | (21.856) | (0,02) |
| CMBX NA BBB-.7 Index | BB-/P | 21.879 | 296.000 | 59.437 | 17.01.2047 | 300 Bp - Monatlich | (37.385) | (0,03) |

Kumulierter nicht realisierter Wertzuwachs abzgl. der Abrechnung des variablen Einschusses bis dato	4.465 USD	- AUSSTEHENDE OTC-KREDITAUSFALLKONTRAKTE - VERKAUFTER SICHERUNGSSCHUTZ (-0,27 %) (30. Juni 2021: -0,19 %)

## 31. Dezember 2021
AUSSTEHENDE OTC-KREDITAUSFALLKONTRAKTE - VERKAUFTER SICHERUNGSSCHUTZ (-0,27 %) (30. Juni 2021: -0,19 %) Forts.
| Swap-Kontrahent/ Referenzanleihe* | Rating*** | Im Voraus erhaltene/ (gezahlte) Prämie** | Nenn- betrag | Wert | Ablauf- termin | Vom Teilfonds Vereinnahmte Zahlungen | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teil- fonds |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Goldman Sachs International CMBX NA A.6 Index | BBB+/P | 3.480 USD | 24.000 USD | 2.350 USD | 11.05.2063 | 200 Bp - Monatlich | 1.140 USD | - |
| CMBX NA A.6 Index | BBB+/P | 1.519 | 30.000 | 2.937 | 11.05.2063 | 200 Bp - Monatlich | (1.407) | - |
| CMBX NA A.6 Index | BBB+/P | (60) | 33.000 | 3.231 | 11.05.2063 | 200 Bp - Monatlich | (3.278) | - |
| CMBX NA A.6 Index | BBB+/P | 10.428 | 71.000 | 6.951 | 11.05.2063 | 200 Bp - Monatlich | 3.505 | - |
| CMBX NA A.6 Index | BBB+/P | 6.885 | 136.000 | 13.314 | 11.05.2063 | 200 Bp - Monatlich | (6.377) | (0,01) |
| CMBX NA A.6 Index | BBB+/P | 16.150 | 136.000 | 13.314 | 11.05.2063 | 200 Bp - Monatlich | 2.888 | - |
| CMBX NA A.6 Index | BBB+/P | 7.366 | 143.000 | 14.000 | 11.05.2063 | 200 Bp - Monatlich | (6.578) | (0,01) |
| CMBX NA A.6 Index | BBB+/P | 25.988 | 385.000 | 37.692 | 11.05.2063 | 200 Bp - Monatlich | (11.554) | (0,01) |
| CMBX NA A.6 Index | BBB+/P | 24.440 | 482.000 | 47.188 | 11.05.2063 | 200 Bp - Monatlich | (22.560) | (0,02) |
| CMBX NA A.6 Index | BBB+/P | 73.171 | 1.190.000 | 116.501 | 11.05.2063 | 200 Bp - Monatlich | (42.867) | (0,04) |
| CMBX NA A.7 Index | BBB+/P | 47 | 3.000 | 182 | 17.01.2047 | 200 Bp - Monatlich | (134) | - |
| CMBX NA BB.6 Index | B-/P | 207.944 | 465.600 | 205.190 | 11.05.2063 | 500 Bp - Monatlich | 3.207 | - |
| CMBX NA BB.9 Index | B/P | 88.154 | 218.000 | 50.336 | 17.09.2058 | 500 Bp - Monatlich | 38.029 | 0,04 |
| CMBX NA BBB-.11 Index | BBB-/P | 64 | 1.000 | 47 | 18.11.2054 | 300 Bp - Monatlich | 17 | - |
| CMBX NA BBB-.6 Index | B+/P | 73 | 999 | 280 | 11.05.2063 | 300 Bp - Monatlich | (206) | - |
| JPMorgan Securities LLC CMBX NA A.6 Index | BBB+/P | 5.460 | 39.000 | 3.818 | 11.05.2063 | 200 Bp - Monatlich | 1.657 | - |
| CMBX NA A.6 Index | BBB+/P | 12.363 | 92.000 | 9.007 | 11.05.2063 | 200 Bp - Monatlich | 3.391 | - |
| CMBX NA BB.10 Index | B+/P | 11.233 | 140.000 | 38.570 | 11.05.2063 | 500 Bp - Monatlich | (27.201) | (0,02) |
| CMBX NA BB.6 Index | B-/P | 91.119 | 169.920 | 74.884 | 11.05.2063 | 500 Bp - Monatlich | 16.401 | 0,01 |
| Morgan Stanley & Co. Internat CMBX NA A.6 Index | ional PLC BBB+/P | 6.338 | 65.000 | 6.364 | 11.05.2063 | 200 Bp - Monatlich | (1) | - |
| CMBX NA A.6 Index | BBB+/P | 6.124 | 69.000 | 6.755 | 11.05.2063 | 200 Bp - Monatlich | (605) | - |
| CMBX NA A.6 Index | BBB+/P | 10.938 | 70.000 | 6.853 | 11.05.2063 | 200 Bp - Monatlich | 4.112 | - |
| CMBX NA A.6 Index | BBB+/P | 10.868 | 126.000 | 12.335 | 11.05.2063 | 200 Bp - Monatlich | (1.419) | - |
| CMBX NA A.6 Index | BBB+/P | 12.264 | 186.000 | 18.209 | 11.05.2063 | 200 Bp - Monatlich | (5.873) | (0,01) |
| CMBX NA A.6 Index | BBB+/P | 15.192 | 223.000 | 21.832 | 11.05.2063 | 200 Bp - Monatlich | (6.553) | (0,01) |
| CMBX NA BB.6 Index | B-/P | 19.400 | 75.840 | 33.423 | 11.05.2063 | 500 Bp - Monatlich | (13.949) | (0,01) |
| CMBX NA BB.6 Index | B-/P | 39.179 | 152.640 | 67.268 | 11.05.2063 | 500 Bp - Monatlich | (27.940) | (0,02) |
| CMBX NA BB.9 Index | B/P | 15.221 | 38.000 | 8.774 | 17.09.2058 | 500 Bp - Monatlich | 6.484 | 0,01 |
| CMBX NA BBB-.12 Index | BBB-/P | 1.591 | 27.000 | 1.393 | 17.08.2061 | 300 Bp - Monatlich | 214 | - |
| CMBX NA BBB-.12 Index | BBB-/P | 3.907 | 91.000 | 4.696 | 17.08.2061 | 300 Bp - Monatlich | (735) | - |
| CMBX NA BBB-.6 Index | B+/P | 6.088 | 22.979 | 6.430 | 11.05.2063 | 300 Bp - Monatlich | (328) | - |

Nicht realisierter Wertzuwachs aus ausstehenden OTC-Kreditausfallkontrakten - Verkaufter Sicherungsschutz		206.368 USD 0,18 Nicht realisierter Wertverlust aus ausstehenden OTC-Kreditausfallkontrakten - Verkaufter Sicherungsschutz	(526.799) USD (0,45) Nicht realisierter Wertverlust aus ausstehenden OTC-Kreditausfallkontrakten, netto - Verkaufter Sicherungsschutz	 (320.431) USD  (0,27)
AUSSTEHENDE OTC-KREDITAUSFALLKONTRAKTE - GEKAUFTER SICHERUNGSSCHUTZ (0,32 %) (30. Juni 2021: -0,01 %)
| Swap-Kontrahent/ Referenzanleihe* | Im Voraus erhaltene/ (gezahlte) Prämie** | Nenn- betrag | Wert | Ablauf- termin | Zahlungen (geleistete) vom Teilfonds | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teil- fonds |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Citigroup Global Markets, Inc. CMBX NA A.7 Index | (22) USD | 3.000 USD | 182 USD | 17.01.2047 | (200 Bp) - Monatlich | 159 USD | - |
| CMBX NA BB.10 Index | (24.833) | 103.000 | 28.377 | 17.11.2059 | (500 Bp) - Monatlich | 3.443 | - |
| CMBX NA BB.10 Index | (17.850) | 70.000 | 19.285 | 17.11.2059 | (500 Bp) - Monatlich | 1.367 | - |
| CMBX NA BB.11 Index | (2.750) | 40.000 | 3.660 | 18.11.2054 | (500 Bp) - Monatlich | 871 | - |
| CMBX NA BB.11 Index | (1.530) | 30.000 | 2.745 | 18.11.2054 | (500 Bp) - Monatlich | 1.186 | - |
| CMBX NA BB.11 Index | (1.556) | 30.000 | 2.745 | 18.11.2054 | (500 Bp) - Monatlich | 1.160 | - |
| CMBX NA BB.11 Index | (1.083) | 15.000 | 1.373 | 18.11.2054 | (500 Bp) - Monatlich | 275 | - |
| CMBX NA BB.8 Index | (98.110) | 274.433 | 103.873 | 17.10.2057 | (500 Bp) - Monatlich | 5.496 | - |
| CMBX NA BB.8 Index | (9.933) | 77.305 | 29.260 | 17.10.2057 | (500 Bp) - Monatlich | 19.252 | 0,02 |
| CMBX NA BB.8 Index | (14.127) | 39.619 | 14.996 | 17.10.2057 | (500 Bp) - Monatlich | 831 | - |
| CMBX NA BB.9 Index | (4.065) | 63.000 | 14.547 | 17.09.2058 | (500 Bp) - Monatlich | 10.421 | 0,01 |


## 31. Dezember 2021
AUSSTEHENDE OTC-KREDITAUSFALLKONTRAKTE - GEKAUFTER SICHERUNGSSCHUTZ (0,32 %) (30. Juni 2021: -0,01 %) 
Forts.
| Swap-Kontrahent/ Referenzanleihe* | Im Voraus erhaltene/ (gezahlte) Prämie** | Nenn- betrag | Wert | Ablauf- termin | Zahlungen (geleistete) vom Teilfonds | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teil- fonds |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Citigroup Global Markets, Inc.  Forts . CMBX NA BB.9 Index | (2.581) USD | 40.000 USD | 9.236 USD | 17.09.2058 | (500 Bp) - Monatlich | 6.616 USD | 0,01 |
| CMBX NA BB.9 Index | (1.217) | 31.000 | 7.158 | 17.09.2058 | (500 Bp) - Monatlich | 5.911 | 0,01 |
| CMBX NA BB.9 Index | (1.048) | 26.000 | 6.003 | 17.09.2058 | (500 Bp) - Monatlich | 4.930 | - |
| CMBX NA BB.9 Index | (290) | 8.000 | 1.847 | 17.09.2058 | (500 Bp) - Monatlich | 1.549 | - |
| CMBX NA BBB-.10 Index | (41.113) | 138.000 | 12.337 | 17.11.2059 | (300 Bp) - Monatlich | (28.857) | (0,03) |
| CMBX NA BBB-.10 Index | (16.507) | 130.000 | 11.622 | 17.11.2059 | (300 Bp) - Monatlich | (4.961) | - |
| CMBX NA BBB-.10 Index | (6.246) | 49.000 | 4.381 | 17.11.2059 | (300 Bp) - Monatlich | (1.894) | - |
| CMBX NA BBB-.10 Index | (5.994) | 38.000 | 3.397 | 17.11.2059 | (300 Bp) - Monatlich | (2.619) | - |
| CMBX NA BBB-.10 Index | (2.932) | 23.000 | 2.056 | 17.11.2059 | (300 Bp) - Monatlich | (889) | - |
| CMBX NA BBB-.10 Index | (4.533) | 19.000 | 1.699 | 17.11.2059 | (300 Bp) - Monatlich | (2.845) | - |
| CMBX NA BBB-.10 Index | (2.707) | 11.000 | 983 | 17.11.2059 | (300 Bp) - Monatlich | (1.730) | - |
| CMBX NA BBB-.11 Index | (147) | 1.000 | 47 | 18.11.2054 | (300 Bp) - Monatlich | (101) | - |
| CMBX NA BBB-.12 Index | (38.314) | 109.000 | 5.624 | 17.08.2061 | (300 Bp) - Monatlich | (32.754) | (0,04) |
| CMBX NA BBB-.12 Index | (33.369) | 96.000 | 4.954 | 17.08.2061 | (300 Bp) - Monatlich | (28.471) | (0,03) |
| CMBX NA BBB-.12 Index | (16.564) | 47.000 | 2.425 | 17.08.2061 | (300 Bp) - Monatlich | (14.166) | (0,01) |
| CMBX NA BBB-.12 Index | (11.023) | 33.000 | 1.703 | 17.08.2061 | (300 Bp) - Monatlich | (9.339) | (0,01) |
| CMBX NA BBB-.12 Index | (6.624) | 21.000 | 1.084 | 17.08.2061 | (300 Bp) - Monatlich | (5.552) | (0,01) |
| CMBX NA BBB-.6 Index | (2.831) | 9.991 | 2.795 | 11.05.2063 | (300 Bp) - Monatlich | (42) | - |
| CMBX NA BBB-.6 Index | (1.667) | 5.995 | 1.677 | 11.05.2063 | (300 Bp) - Monatlich | 7 | - |
| CMBX NA BBB-.8 Index | (12.114) | 91.000 | 12.385 | 17.10.2057 | (300 Bp) - Monatlich | 218 | - |
| CMBX NA BBB-.8 Index | (10.313) | 66.000 | 8.983 | 17.10.2057 | (300 Bp) - Monatlich | (1.368) | - |
| CMBX NA BBB-.8 Index | (5.009) | 35.000 | 4.764 | 17.10.2057 | (300 Bp) - Monatlich | (266) | - |
| CMBX NA BBB-.8 Index | (5.078) | 32.000 | 4.355 | 17.10.2057 | (300 Bp) - Monatlich | (742) | - |
| CMBX NA BBB-.8 Index | (5.058) | 32.000 | 4.355 | 17.10.2057 | (300 Bp) - Monatlich | (722) | - |
| CMBX NA BBB-.9 Index | (10.173) | 43.000 | 4.042 | 17.09.2058 | (300 Bp) - Monatlich | (6.156) | (0,01) |
| Credit Suisse International CMBX NA BB.10 Index | (18.279) | 137.000 | 37.744 | 17.11.2059 | (500 Bp) - Monatlich | 19.331 | 0,02 |
| CMBX NA BB.10 Index | (16.292) | 137.000 | 37.744 | 17.11.2059 | (500 Bp) - Monatlich | 21.319 | 0,02 |
| CMBX NA BB.10 Index | (8.950) | 72.000 | 19.836 | 17.11.2059 | (500 Bp) - Monatlich | 10.816 | 0,01 |
| CMBX NA BB.7 Index | (12.020) | 653.760 | 288.112 | 11.05.2063 | (500 Bp) - Monatlich | 275.455 | 0,25 |
| CMBX NA BB.7 Index | (10.515) | 57.000 | 19.215 | 17.01.2047 | (500 Bp) - Monatlich | 8.645 | 0,01 |
| Goldman Sachs International CMBX NA A.6 Index | (336.875) | 3.500.000 | 342.650 | 11.05.2063 | (200 Bp) - Monatlich | 4.414 | - |
| CMBX NA BB.10 Index | (86.654) | 383.000 | 105.517 | 17.11.2059 | (500 Bp) - Monatlich | 18.490 | 0,02 |
| CMBX NA BB.6 Index | (6.547) | 61.440 | 27.077 | 11.05.2063 | (500 Bp) - Monatlich | 20.470 | 0,02 |
| CMBX NA BB.7 Index | (35.554) | 217.000 | 73.151 | 17.01.2047 | (500 Bp) - Monatlich | 37.386 | 0,04 |
| CMBX NA BB.7 Index | (21.117) | 104.000 | 35.058 | 17.01.2047 | (500 Bp) - Monatlich | 13.840 | 0,01 |
| CMBX NA BB.7 Index | (18.256) | 100.000 | 33.710 | 17.01.2047 | (500 Bp) - Monatlich | 15.357 | 0,01 |
| CMBX NA BB.7 Index | (1.059) | 7.000 | 2.360 | 17.01.2047 | (500 Bp) - Monatlich | 1.294 | - |
| CMBX NA BB.8 Index | (50.475) | 139.149 | 52.668 | 17.10.2057 | (500 Bp) - Monatlich | 2.058 | - |
| CMBX NA BB.8 Index | (50.562) | 139.149 | 52.668 | 17.10.2057 | (500 Bp) - Monatlich | 1.971 | - |
| CMBX NA BB.8 Index | (26.636) | 71.507 | 27.065 | 17.10.2057 | (500 Bp) - Monatlich | 360 | - |
| CMBX NA BB.8 Index | (18.034) | 51.215 | 19.385 | 17.10.2057 | (500 Bp) - Monatlich | 1.301 | - |
| CMBX NA BB.8 Index | (2.946) | 25.124 | 9.509 | 17.10.2057 | (500 Bp) - Monatlich | 6.539 | 0,01 |
| CMBX NA BB.9 Index | (3.341) | 31.000 | 7.158 | 17.09.2058 | (500 Bp) - Monatlich | 3.787 | - |
| CMBX NA BB.9 Index | (3.009) | 25.000 | 5.773 | 17.09.2058 | (500 Bp) - Monatlich | 2.739 | - |
| CMBX NA BB.9 Index | (971) | 25.000 | 5.773 | 17.09.2058 | (500 Bp) - Monatlich | 4.777 | - |
| CMBX NA BB.9 Index | (1.461) | 14.000 | 3.233 | 17.09.2058 | (500 Bp) - Monatlich | 1.758 | - |
| CMBX NA BB.9 Index | (1.593) | 10.000 | 2.309 | 17.09.2058 | (500 Bp) - Monatlich | 706 | - |
| CMBX NA BB.9 Index | (1.106) | 7.000 | 1.616 | 17.09.2058 | (500 Bp) - Monatlich | 504 | - |
| CMBX NA BB.9 Index | (1.118) | 7.000 | 1.616 | 17.09.2058 | (500 Bp) - Monatlich | 491 | - |
| CMBX NA BB.9 Index | (961) | 6.000 | 1.385 | 17.09.2058 | (500 Bp) - Monatlich | 418 | - |
| CMBX NA BB.9 Index | (955) | 6.000 | 1.385 | 17.09.2058 | (500 Bp) - Monatlich | 424 | - |
| CMBX NA BB.9 Index | (238) | 2.000 | 462 | 17.09.2058 | (500 Bp) - Monatlich | 222 | - |


## 31. Dezember 2021
AUSSTEHENDE OTC-KREDITAUSFALLKONTRAKTE - GEKAUFTER SICHERUNGSSCHUTZ (0,32 %) (30. Juni 2021: -0,01 %) 
Forts.
| Swap-Kontrahent/ Referenzanleihe* | Im Voraus erhaltene/ (gezahlte) Prämie** | Nenn- betrag | Wert | Ablauf- termin | Zahlungen (geleistete) vom Teilfonds | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teil- fonds |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Goldman Sachs International Forts. CMBX NA BBB-.10 Index | (2.339) USD | 15.000 USD | 1.341 USD | 17.11.2059 | (300 Bp) - Monatlich | (1.007) USD | - |
| CMBX NA BBB-.7 Index | (4.984) | 48.000 | 9.638 | 17.01.2047 | (300 Bp) - Monatlich | 4.626 | - |
| CMBX NA BBB-.7 Index | (1.086) | 16.000 | 3.213 | 17.01.2047 | (300 Bp) - Monatlich | 2.117 | - |
| CMBX NA BBB-.8 Index | (21.450) | 139.000 | 18.918 | 17.10.2057 | (300 Bp) - Monatlich | (2.613) | - |
| CMBX NA BBB-.8 Index | (11.918) | 76.000 | 10.344 | 17.10.2057 | (300 Bp) - Monatlich | (1.619) | - |
| CMBX NA BBB-.8 Index | (4.528) | 35.000 | 4.764 | 17.10.2057 | (300 Bp) - Monatlich | 215 | - |
| JPMorgan Securities LLC CMBX NA BB.11 Index | (3.818) | 7.000 | 641 | 18.11.2054 | (500 Bp) - Monatlich | (3.184) | - |
| CMBX NA BB.17 Index | (104.297) | 213.000 | 71.802 | 17.01.2047 | (500 Bp) - Monatlich | (32.701) | (0,04) |
| CMBX NA BBB-.10 Index | (23.536) | 79.000 | 7.063 | 17.11.2059 | (300 Bp) - Monatlich | (16.519) | (0,01) |
| CMBX NA BBB-.10 Index | (21.973) | 78.000 | 6.973 | 17.11.2059 | (300 Bp) - Monatlich | (15.046) | (0,01) |
| CMBX NA BBB-.10 Index | (6.597) | 40.000 | 3.576 | 17.11.2059 | (300 Bp) - Monatlich | (3.044) | - |
| CMBX NA BBB-.12 Index | (1.993) | 51.000 | 2.632 | 17.08.2061 | (300 Bp) - Monatlich | 609 | - |
| CMBX NA BBB-.12 Index | (7.334) | 21.000 | 1.084 | 17.08.2061 | (300 Bp) - Monatlich | (6.263) | (0,01) |
| CMBX NA BBB-.7 Index | (31.928) | 136.000 | 27.309 | 17.01.2047 | (300 Bp) - Monatlich | (4.698) | - |
| Merrill Lynch International CMBX NA BB.10 Index | (4.780) | 84.000 | 23.142 | 17.11.2059 | (500 Bp) - Monatlich | 18.281 | 0,02 |
| CMBX NA BB.7 Index | (37.819) | 218.000 | 73.488 | 17.01.2047 | (500 Bp) - Monatlich | 35.457 | 0,04 |
| Morgan Stanley & Co. International PLC CMBX NA A.6 Index | (2.607) | 27.000 | 2.643 | 11.05.2063 | (200 Bp) - Monatlich | 26 | - |
| CMBX NA BB.10 Index | (19.493) | 83.000 | 22.867 | 17.11.2059 | (500 Bp) - Monatlich | 3.293 | - |
| CMBX NA BB.10 Index | (6.817) | 65.000 | 17.908 | 17.11.2059 | (500 Bp) - Monatlich | 11.027 | 0,01 |
| CMBX NA BB.7 Index | (21.998) | 109.000 | 36.744 | 17.01.2047 | (500 Bp) - Monatlich | 14.640 | 0,01 |
| CMBX NA BB.7 Index | (19.507) | 97.000 | 32.699 | 17.01.2047 | (500 Bp) - Monatlich | 13.097 | 0,01 |
| CMBX NA BB.7 Index | (6.749) | 35.000 | 11.799 | 17.01.2047 | (500 Bp) - Monatlich | 5.015 | - |
| CMBX NA BB.8 Index | (24.579) | 67.642 | 25.602 | 17.10.2057 | (500 Bp) - Monatlich | 958 | - |
| CMBX NA BB.9 Index | (2.395) | 28.000 | 6.465 | 17.09.2058 | (500 Bp) - Monatlich | 4.043 | - |
| CMBX NA BBB-.10 Index | (10.268) | 80.000 | 7.152 | 17.11.2059 | (300 Bp) - Monatlich | (3.163) | - |
| CMBX NA BBB-.10 Index | (9.639) | 76.000 | 6.794 | 17.11.2059 | (300 Bp) - Monatlich | (2.889) | - |
| CMBX NA BBB-.10 Index | (5.032) | 42.000 | 3.755 | 17.11.2059 | (300 Bp) - Monatlich | (1.302) | - |
| CMBX NA BBB-.10 Index | (3.291) | 38.000 | 3.397 | 17.11.2059 | (300 Bp) - Monatlich | 84 | - |
| CMBX NA BBB-.10 Index | (4.876) | 20.000 | 1.788 | 17.11.2059 | (300 Bp) - Monatlich | (3.100) | - |
| CMBX NA BBB-.10 Index | (3.075) | 13.000 | 1.162 | 17.11.2059 | (300 Bp) - Monatlich | (1.920) | - |
| CMBX NA BBB-.10 Index | (689) | 3.000 | 268 | 17.11.2059 | (300 Bp) - Monatlich | (422) | - |
| CMBX NA BBB-.11 Index | (18.414) | 59.000 | 2.785 | 18.11.2054 | (300 Bp) - Monatlich | (15.663) | (0,01) |
| CMBX NA BBB-.11 Index | (9.811) | 31.000 | 1.463 | 18.11.2054 | (300 Bp) - Monatlich | (8.366) | (0,01) |
| CMBX NA BBB-.11 Index | (8.002) | 25.000 | 1.180 | 18.11.2054 | (300 Bp) - Monatlich | (6.836) | (0,01) |
| CMBX NA BBB-.12 Index | (2.886) | 70.000 | 3.612 | 17.08.2061 | (300 Bp) - Monatlich | 685 | - |
| CMBX NA BBB-.12 Index | (618) | 2.000 | 103 | 17.08.2061 | (300 Bp) - Monatlich | (516) | - |
| CMBX NA BBB-.7 Index | (2.286) | 36.000 | 7.229 | 17.01.2047 | (300 Bp) - Monatlich | 4.922 | - |
| CMBX NA BBB-.8 Index | (21.145) | 138.000 | 18.782 | 17.10.2057 | (300 Bp) - Monatlich | (2.443) | - |
| CMBX NA BBB-.8 Index | (20.297) | 131.000 | 17.829 | 17.10.2057 | (300 Bp) - Monatlich | (2.545) | - |
| CMBX NA BBB-.8 Index | (13.250) | 85.000 | 11.569 | 17.10.2057 | (300 Bp) - Monatlich | (1.731) | - |
| CMBX NA BBB-.8 Index | (8.881) | 70.000 | 9.527 | 17.10.2057 | (300 Bp) - Monatlich | 605 | - |
| CMBX NA BBB-.8 Index | (8.903) | 70.000 | 9.527 | 17.10.2057 | (300 Bp) - Monatlich | 583 | - |
| CMBX NA BBB-.8 Index | (8.731) | 61.000 | 8.302 | 17.10.2057 | (300 Bp) - Monatlich | (464) | - |
| CMBX NA BBB-.8 Index | (4.183) | 27.000 | 3.675 | 17.10.2057 | (300 Bp) - Monatlich | (524) | - |
| CMBX NA BBB-.8 Index | (4.219) | 27.000 | 3.675 | 17.10.2057 | (300 Bp) - Monatlich | (560) | - |
| Nicht realisierter Wertzuwachs aus ausstehenden OTC-Kreditausfallkontrakten - Gekaufter Sicherungsschutz | 658.847 USD | 0,56 |
| Nicht realisierter Wertverlust aus ausstehenden OTC-Kreditausfallkontrakten - Gekaufter Sicherungsschutz | (282.612) USD | (0,24) |
| Nicht realisierter Wertzuwachs aus ausstehenden OTC-Kreditausfallkontrakten, netto - Gekaufter Sicherungsschutz | 376.235 USD | 0,32 |

* Die Zahlungen in Bezug auf die Referenzanleihe erfolgen bei Eintritt eines Kreditausfallereignisses.
** Die Vorausprämie basiert auf der Differenz zwischen dem ursprünglichen Spread bei der Ausgabe und dem Markt-Spread am Ausübungstag.
*** Die Ratings für einen zugrunde liegenden Index stellen den Durchschnitt der Ratings aller Wertpapiere dar, die in diesem Index enthalten sind. Die Ratings von Moody's, Standard & Poor's oder Fitch werden als die aktuellsten am 31. Dezember 2021 verfügbaren erachtet. Von Putnam geratete Wertpapiere sind mit „/P.“ gekennzeichnet. Die Ratingkategorien von Putnam sind mit den Klassifikationen von Standard & Poor’s vergleichbar.

## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (1,30 %) (30. Juni 2021: -2,96 %)
Kontrakt-
Liefer-
Wert
Gesamt- nennwert
Nicht realisierter Wertzuwachs/ (Wertverlust)
% vom
Kontrahent	Währung
typ*
termin
USD
USD
USD
Teilfonds
| Bank of America, N.A. Australischer Dollar | Kauf | 19.01.2022 | 1.225.971 USD | 1.199.268 USD | 26.703 USD | 0,02 |
| --- | --- | --- | --- | --- | --- | --- |
| Australischer Dollar | Verkauf | 19.01.2022 | 1.225.971 | 1.227.798 | 1.827 | - |
| Pfund Sterling | Kauf | 16.03.2022 | 1.822.543 | 1.793.505 | 29.038 | 0,02 |
| Pfund Sterling | Kauf | 19.01.2022 | 3.711.185 | 3.655.254 | 55.931 | 0,05 |
| Kanadischer Dollar | Kauf | 19.01.2022 | 72.097 | 72.166 | (69) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 201.824 | 199.367 | 2.457 | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 273.920 | 275.524 | 1.604 | - |
| Euro | Kauf | 16.03.2022 | 1.323.626 | 1.319.491 | 4.135 | - |
| Euro | Kauf | 19.01.2022 | 12.608.309 | 12.556.844 | 51.465 | 0,05 |
| Euro | Verkauf | 19.01.2022 | 6.292.880 | 6.270.703 | (22.177) | (0,02) |
| Euro | Verkauf | 19.01.2022 | 164.790 | 163.152 | (1.638) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 2.287.055 | 2.313.843 | (26.788) | (0,03) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 483.673 | 501.221 | (17.548) | (0,01) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 322.883 | 318.124 | 4.759 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 246.528 | 254.426 | (7.898) | (0,01) |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 1.053.084 | 1.070.819 | 17.735 | 0,02 |
| Norwegische Krone | Verkauf | 16.03.2022 | 79 | 77 | (2) | - |
| Norwegische Krone | Verkauf | 16.03.2022 | 839 | 825 | (14) | - |
| Schwedische Krone | Kauf | 16.03.2022 | 55 | 55 | - | - |
| Schweizer Franken | Kauf | 16.03.2022 | 89.059 | 88.395 | 664 | - |
| Barclays Bank PLC Australischer Dollar | Kauf | 19.01.2022 | 71.012 | 72.555 | (1.543) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 626.155 | 612.511 | 13.644 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 697.167 | 697.944 | 777 | - |
| Pfund Sterling | Kauf | 16.03.2022 | 489.836 | 481.924 | 7.912 | 0,01 |
| Pfund Sterling | Verkauf | 16.03.2022 | 295.120 | 288.131 | (6.989) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 1.461.145 | 1.443.468 | 17.677 | 0,02 |
| Kanadischer Dollar | Kauf | 19.01.2022 | 331.550 | 334.307 | (2.757) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 374.792 | 376.905 | 2.113 | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 1.034.968 | 1.054.123 | 19.155 | 0,02 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 356.136 | 362.866 | 6.730 | 0,01 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 26.799 | 27.207 | 408 | - |
| Euro | Verkauf | 16.03.2022 | 1.331.607 | 1.327.180 | (4.427) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 1.043.540 | 1.055.847 | (12.307) | (0,01) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 427.109 | 420.817 | 6.292 | 0,01 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 427.109 | 434.329 | 7.220 | 0,01 |
| Schwedische Krone | Kauf | 16.03.2022 | 797 | 797 | - | - |
| Schweizer Franken | Kauf | 16.03.2022 | 503.020 | 499.435 | 3.585 | - |
| Citibank, N.A. Australischer Dollar | Kauf | 19.01.2022 | 116.122 | 113.593 | 2.529 | - |
| Australischer Dollar | Kauf | 19.01.2022 | 94.804 | 94.945 | (141) | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 210.925 | 218.884 | 7.959 | 0,01 |
| Pfund Sterling | Kauf | 19.01.2022 | 10.355.830 | 10.200.523 | 155.307 | 0,14 |
| Pfund Sterling | Verkauf | 16.03.2022 | 807.012 | 794.164 | (12.848) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 1.294.026 | 1.278.432 | 15.594 | 0,01 |
| Kanadischer Dollar | Kauf | 19.01.2022 | 28.064 | 28.225 | (161) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 1.034.968 | 1.054.117 | 19.149 | 0,02 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 287.122 | 288.476 | 1.354 | - |
| Euro | Kauf | 16.03.2022 | 45.835 | 45.681 | 154 | - |
| Euro | Kauf | 19.01.2022 | 14.632.026 | 14.574.462 | 57.564 | 0,05 |
| Euro | Verkauf | 19.01.2022 | 6.292.880 | 6.270.018 | (22.862) | (0,03) |
| Japanischer Yen | Kauf | 16.02.2022 | 905.444 | 916.201 | (10.757) | (0,01) |


## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (1,30 %) (30. Juni 2021: -2,96 %) 
Forts.
Kontrakt-
Liefer-
Wert
Gesamt- nennwert
Nicht realisierter Wertzuwachs/ (Wertverlust)
% vom
| Kontrahent	Währung	typ* | termin | USD | USD | USD | Teilfonds |
| --- | --- | --- | --- | --- | --- |
| Citibank, N.A.  Forts. | Neuseeland-Dollar | Kauf | 19.01.2022 | 290.149 USD | 287.464 USD | 2.685 USD | - |
|  | Neuseeland-Dollar | Kauf | 19.01.2022 | 418.481 | 412.324 | 6.157 | 0,01 |
|  | Neuseeland-Dollar | Verkauf | 19.01.2022 | 637.274 | 647.893 | 10.619 | 0,01 |
|  | Neuseeland-Dollar | Verkauf | 19.01.2022 | 71.356 | 71.531 | 175 | - |
|  | Schwedische Krone | Verkauf | 16.03.2022 | 72.385 | 72.455 | 70 | - |
|  | Schweizer Franken | Verkauf | 16.03.2022 | 213.962 | 212.357 | (1.605) | - |
| Credit Suisse International Australischer Dollar | Kauf | 19.01.2022 | 146 | 146 | - | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 146 | 142 | (4) | - |
| Pfund Sterling | Verkauf | 16.03.2022 | 373.331 | 367.333 | (5.998) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 400.485 | 395.647 | 4.838 | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 326.570 | 331.704 | (5.134) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 727.055 | 731.197 | 4.142 | - |
| Euro | Verkauf | 16.03.2022 | 449.228 | 447.728 | (1.500) | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 373.421 | 379.681 | (6.260) | (0,01) |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 373.421 | 367.849 | (5.572) | - |
| Goldman Sachs International Australischer Dollar | Kauf | 19.01.2022 | 292.996 | 287.769 | 5.227 | - |
| Australischer Dollar | Kauf | 19.01.2022 | 419.158 | 410.007 | 9.151 | 0,01 |
| Australischer Dollar | Kauf | 19.01.2022 | 219.656 | 222.537 | (2.881) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 436.984 | 443.034 | (6.050) | (0,01) |
| Australischer Dollar | Verkauf | 19.01.2022 | 1.368.795 | 1.370.834 | 2.039 | - |
| Pfund Sterling | Kauf | 16.03.2022 | 559.793 | 550.798 | 8.995 | 0,01 |
| Pfund Sterling | Kauf | 19.01.2022 | 31.728.003 | 31.252.011 | 475.992 | 0,42 |
| Pfund Sterling | Verkauf | 16.03.2022 | 295.390 | 288.395 | (6.995) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 3.115.497 | 3.133.368 | (17.871) | (0,02) |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 711.086 | 723.009 | 11.923 | 0,01 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 346.412 | 344.870 | (1.542) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 2.057.999 | 2.032.943 | (25.056) | (0,03) |
| Euro | Kauf | 19.01.2022 | 10.530.271 | 10.486.557 | 43.714 | 0,04 |
| Euro | Verkauf | 16.03.2022 | 291.998 | 291.111 | (887) | - |
| Euro | Verkauf | 16.03.2022 | 126.559 | 126.152 | (407) | - |
| Euro | Verkauf | 19.01.2022 | 6.292.880 | 6.269.934 | (22.946) | (0,03) |
| Japanischer Yen | Kauf | 16.02.2022 | 655.051 | 662.767 | (7.716) | (0,01) |
| Japanischer Yen | Kauf | 16.02.2022 | 71.937 | 72.885 | (948) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 71.220 | 72.609 | (1.389) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 143.518 | 145.001 | (1.483) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 287.204 | 290.417 | (3.213) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 217.505 | 217.795 | (290) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 71.163 | 72.516 | (1.353) | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 124.787 | 126.432 | 1.645 | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 71.651 | 72.385 | 734 | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 72.046 | 72.587 | 541 | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 71.595 | 71.845 | 250 | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 141.837 | 143.703 | 1.866 | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 338.285 | 342.571 | 4.286 | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 812.092 | 822.383 | 10.291 | 0,01 |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 69.576 | 72.161 | (2.585) | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 290.149 | 287.466 | 2.683 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 1.832.042 | 1.805.135 | 26.907 | 0,02 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 1.763.973 | 1.792.891 | 28.918 | 0,02 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 217.424 | 219.980 | 2.556 | - |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 210.370 | 220.925 | 10.555 | 0,01 |


## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (1,30 %) (30. Juni 2021: -2,96 %) 
Forts.
Kontrakt-
Liefer-
Wert
Gesamt- nennwert
Nicht realisierter Wertzuwachs/ (Wertverlust)
% vom
Kontrahent	Währung
typ*
termin
USD
USD
USD
Teilfonds
| Goldman Sachs International  Forts. Norwegische Krone | Kauf | 16.03.2022 | 74.471 USD | 72.146 USD | 2.325 USD | - |
| --- | --- | --- | --- | --- | --- | --- |
| Norwegische Krone | Verkauf | 16.03.2022 | 116.384 | 113.495 | (2.889) | - |
| Schweizer Franken | Kauf | 16.03.2022 | 1.124.676 | 1.116.642 | 8.034 | 0,01 |
| HSBC Bank USA, N.A. Australischer Dollar | Kauf | 19.01.2022 | 4.147 | 4.113 | 34 | - |
| Australischer Dollar | Kauf | 19.01.2022 | 627.683 | 613.997 | 13.686 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 631.830 | 632.578 | 748 | - |
| Pfund Sterling | Verkauf | 16.03.2022 | 509.998 | 501.884 | (8.114) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 338.744 | 340.715 | (1.971) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 338.744 | 334.622 | (4.122) | - |
| Euro | Kauf | 16.03.2022 | 1.337.080 | 1.332.622 | 4.458 | - |
| Japanischer Yen | Kauf | 16.02.2022 | 1.272.077 | 1.286.937 | (14.860) | (0,01) |
| Japanischer Yen | Kauf | 16.02.2022 | 71.773 | 72.445 | (672) | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 222.012 | 225.708 | (3.696) | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 483.673 | 501.208 | (17.535) | (0,01) |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 705.685 | 695.206 | (10.479) | (0,01) |
| Schwedische Krone | Kauf | 16.03.2022 | 1.473 | 1.475 | (2) | - |
| Schweizer Franken | Kauf | 16.03.2022 | 1.429 | 1.419 | 10 | - |
| JPMorgan Chase Bank, N.A. Australischer Dollar | Kauf | 19.01.2022 | 1.659.754 | 1.662.231 | (2.477) | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 433.055 | 441.404 | 8.349 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 527.058 | 546.009 | 18.951 | 0,02 |
| Australischer Dollar | Verkauf | 19.01.2022 | 699.640 | 684.326 | (15.314) | (0,01) |
| Pfund Sterling | Kauf | 16.03.2022 | 325.430 | 320.263 | 5.167 | - |
| Pfund Sterling | Kauf | 16.03.2022 | 406 | 397 | 9 | - |
| Pfund Sterling | Kauf | 19.01.2022 | 37.705.097 | 37.137.904 | 567.192 | 0,49 |
| Pfund Sterling | Kauf | 19.01.2022 | 554.668 | 542.571 | 12.097 | 0,01 |
| Kanadischer Dollar | Kauf | 19.01.2022 | 142.296 | 143.091 | (795) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 215.579 | 220.594 | (5.015) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 537.326 | 551.784 | (14.458) | (0,01) |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 351.630 | 353.679 | 2.049 | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 346.412 | 344.866 | (1.546) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 197.159 | 194.761 | (2.398) | - |
| Euro | Kauf | 16.03.2022 | 827.081 | 824.413 | 2.668 | - |
| Euro | Kauf | 19.01.2022 | 11.953.363 | 11.896.962 | 56.401 | 0,05 |
| Euro | Verkauf | 16.03.2022 | 114 | 113 | (1) | - |
| Euro | Verkauf | 19.01.2022 | 263.641 | 261.383 | (2.258) | - |
| Euro | Verkauf | 19.01.2022 | 6.292.880 | 6.269.765 | (23.114) | (0,03) |
| Japanischer Yen | Verkauf | 16.02.2022 | 772.327 | 781.483 | 9.156 | 0,01 |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 2.123 | 2.165 | (42) | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 3.087.073 | 3.138.650 | (51.576) | (0,05) |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 218.108 | 221.307 | 3.199 | - |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 2.871.088 | 2.828.433 | (42.655) | (0,05) |
| Norwegische Krone | Verkauf | 16.03.2022 | 91 | 88 | (3) | - |
| Schwedische Krone | Verkauf | 16.03.2022 | 78 | 77 | (1) | - |
| Schwedische Krone | Verkauf | 16.03.2022 | 111 | 110 | (1) | - |
| Schweizer Franken | Verkauf | 16.03.2022 | 179.768 | 178.443 | (1.325) | - |
| Schweizer Franken | Verkauf | 16.03.2022 | 110 | 109 | (1) | - |
| Morgan Stanley & Company International PLC Australischer Dollar | Kauf | 19.01.2022 | 474.891 | 480.541 | (5.650) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 3.420 | 3.433 | (13) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 3.492 | 3.532 | (40) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 7.276 | 7.259 | 17 | - |


## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (1,30 %) (30. Juni 2021: -2,96 %) 
Forts.
Kontrakt-
Liefer-
Wert
Gesamt- nennwert
Nicht realisierter Wertzuwachs/ (Wertverlust)
% vom
Kontrahent	Währung
typ*
termin
USD
USD
USD
Teilfonds
| Morgan Stanley & Company International PLC  Forts Australischer Dollar | . Kauf | 19.01.2022 | 3.929 USD | 3.904 USD | 25 USD | - |
| --- | --- | --- | --- | --- | --- | --- |
| Australischer Dollar | Kauf | 19.01.2022 | 364 | 359 | 5 | - |
| Australischer Dollar | Kauf | 19.01.2022 | 364 | 356 | 8 | - |
| Australischer Dollar | Kauf | 19.01.2022 | 1.733.603 | 1.736.273 | (2.670) | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 3.129 | 3.063 | (66) | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 15.425 | 15.226 | (199) | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 2.208.422 | 2.160.035 | (48.387) | (0,05) |
| Pfund Sterling | Kauf | 16.03.2022 | 224.215 | 220.631 | 3.584 | - |
| Pfund Sterling | Kauf | 16.03.2022 | 406 | 397 | 9 | - |
| Pfund Sterling | Verkauf | 16.03.2022 | 295.390 | 288.404 | (6.986) | (0,01) |
| Pfund Sterling | Verkauf | 16.03.2022 | 271 | 267 | (4) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 390.603 | 397.114 | (6.511) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 3.557 | 3.618 | (61) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 2.846 | 2.878 | (32) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 7.984 | 7.989 | (5) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 1.581 | 1.546 | 35 | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 395 | 387 | 8 | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 316 | 312 | 4 | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 553 | 547 | 6 | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 100.872 | 101.450 | (578) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 438.035 | 444.802 | (6.767) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 435.110 | 442.149 | (7.039) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 537.405 | 551.865 | (14.460) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 12.411 | 12.677 | (266) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 247.991 | 253.593 | 5.602 | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 710.928 | 722.842 | 11.914 | 0,01 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 7.115 | 7.091 | (24) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 11.858 | 11.871 | 13 | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 950.934 | 939.338 | (11.596) | (0,01) |
| Euro | Kauf | 16.03.2022 | 269.537 | 268.685 | 852 | - |
| Euro | Kauf | 16.03.2022 | 1.824 | 1.806 | 18 | - |
| Euro | Kauf | 16.03.2022 | 3.535 | 3.523 | 12 | - |
| Euro | Kauf | 19.01.2022 | 188.819 | 187.532 | 1.287 | - |
| Euro | Verkauf | 16.03.2022 | 1.938 | 1.919 | (19) | - |
| Euro | Verkauf | 16.03.2022 | 1.254 | 1.248 | (6) | - |
| Euro | Verkauf | 16.03.2022 | 5.587 | 5.549 | (38) | - |
| Euro | Verkauf | 16.03.2022 | 177.867 | 176.901 | (966) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 286.250 | 290.482 | (4.232) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 71.264 | 72.487 | (1.223) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 17.348 | 17.534 | (186) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 1.465 | 1.476 | (11) | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 1.729.145 | 1.749.590 | 20.445 | 0,02 |
| Japanischer Yen | Verkauf | 16.02.2022 | 145.365 | 147.916 | 2.551 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 483.673 | 501.202 | (17.529) | (0,01) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 2.397 | 2.453 | (56) | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 6.848 | 6.782 | 66 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 526.199 | 518.482 | 7.717 | 0,01 |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 185.512 | 194.368 | (8.856) | (0,01) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 416.563 | 437.053 | (20.490) | (0,02) |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 2.203.888 | 2.240.580 | 36.692 | 0,03 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 2.260 | 2.249 | (11) | - |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 274 | 269 | (5) | - |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 753 | 750 | (3) | - |


## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (1,30 %) (30. Juni 2021: -2,96 %) 
Forts.
Kontrakt-
Liefer-
Wert
Gesamt- nennwert
Nicht realisierter Wertzuwachs/ (Wertverlust)
% vom
Kontrahent	Währung
typ*
termin
USD
USD
USD
Teilfonds
| Morgan Stanley & Company International PLC  Forts. Norwegische Krone	Kauf | 16.03.2022 | 4.173 USD | 4.090 USD | 83 USD | - |
| --- | --- | --- | --- | --- | --- |
| Norwegische Krone | Verkauf | 16.03.2022 | 73.291 | 71.002 | (2.289) | - |
| Norwegische Krone | Verkauf | 16.03.2022 | 181 | 176 | (5) | - |
| Schwedische Krone | Kauf | 16.03.2022 | 26.299 | 26.096 | 203 | - |
| Schwedische Krone | Kauf | 16.03.2022 | 8.072 | 8.052 | 20 | - |
| Schwedische Krone | Kauf | 16.03.2022 | 33 | 33 | - | - |
| Schwedische Krone | Kauf | 16.03.2022 | 78 | 77 | 1 | - |
| Schwedische Krone | Kauf | 16.03.2022 | 598 | 597 | 1 | - |
| Schwedische Krone | Kauf | 16.03.2022 | 554 | 554 | - | - |
| Schwedische Krone | Verkauf | 16.03.2022 | 130.120 | 129.446 | (674) | - |
| Schwedische Krone | Verkauf | 16.03.2022 | 266 | 263 | (3) | - |
| Schweizer Franken | Kauf | 16.03.2022 | 175.590 | 173.068 | 2.522 | - |
| Schweizer Franken | Kauf | 16.03.2022 | 220 | 218 | 2 | - |
| Schweizer Franken | Verkauf | 16.03.2022 | 893.891 | 887.458 | (6.433) | (0,01) |
| Schweizer Franken | Verkauf | 16.03.2022 | 440 | 433 | (7) | - |
| NatWest Markets PLC Australischer Dollar | Kauf | 19.01.2022 | 537.317 | 538.130 | (813) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 222.057 | 221.682 | 375 | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 432.109 | 444.319 | 12.210 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 327.265 | 320.098 | (7.167) | (0,01) |
| Pfund Sterling | Kauf | 16.03.2022 | 383.074 | 376.912 | 6.162 | 0,01 |
| Pfund Sterling | Kauf | 16.03.2022 | 73.475 | 71.813 | 1.662 | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 84.113 | 83.090 | 1.023 | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 84.113 | 84.599 | 486 | - |
| Euro | Kauf | 16.03.2022 | 620.140 | 613.323 | 6.817 | 0,01 |
| Euro | Kauf | 16.03.2022 | 118.236 | 116.936 | 1.300 | - |
| Euro | Verkauf | 16.03.2022 | 2.273.617 | 2.266.368 | (7.249) | (0,01) |
| Japanischer Yen | Verkauf | 16.02.2022 | 99.001 | 100.149 | 1.148 | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 71.743 | 72.098 | 355 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 2.808 | 2.787 | 21 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 1.900.180 | 1.872.191 | 27.989 | 0,02 |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 430.054 | 440.793 | (10.739) | (0,01) |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 2.333.041 | 2.372.173 | 39.132 | 0,04 |
| Norwegische Krone | Kauf | 16.03.2022 | 318 | 308 | 10 | - |
| Schweizer Franken | Kauf | 16.03.2022 | 229.465 | 227.829 | 1.636 | - |
| State Street Bank & Trust Company Australischer Dollar | Kauf | 19.01.2022 | 2.983 | 3.023 | (40) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 474.891 | 480.533 | (5.642) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 71.521 | 71.873 | (352) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 3.638 | 3.632 | 6 | - |
| Australischer Dollar | Kauf | 19.01.2022 | 215.946 | 216.034 | (88) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 148.208 | 142.999 | 5.209 | - |
| Australischer Dollar | Kauf | 19.01.2022 | 230.279 | 225.333 | 4.946 | - |
| Australischer Dollar | Kauf | 19.01.2022 | 728 | 718 | 10 | - |
| Australischer Dollar | Kauf | 19.01.2022 | 292.996 | 287.765 | 5.231 | - |
| Australischer Dollar | Kauf | 19.01.2022 | 1.079.437 | 1.055.951 | 23.486 | 0,02 |
| Australischer Dollar | Kauf | 19.01.2022 | 73 | 72 | 1 | - |
| Australischer Dollar | Kauf | 19.01.2022 | 5.821 | 5.842 | (21) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 219.729 | 222.609 | (2.880) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 218.201 | 220.762 | (2.561) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 436.984 | 443.034 | (6.050) | (0,01) |
| Australischer Dollar | Kauf | 19.01.2022 | 140.205 | 143.196 | (2.991) | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 755.082 | 756.131 | 1.049 | - |


## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (1,30 %) (30. Juni 2021: -2,96 %) 
Forts.
Kontrakt-
Liefer-
Wert
Gesamt- nennwert
Nicht realisierter Wertzuwachs/ (Wertverlust)
% vom
Kontrahent	Währung
typ*
termin
USD
USD
USD
Teilfonds
| State Street Bank & Trust Company  Forts. Australischer Dollar | Verkauf | 19.01.2022 | 219.802 USD | 221.140 USD | 1.338 USD | - |
| --- | --- | --- | --- | --- | --- | --- |
| Australischer Dollar | Verkauf | 19.01.2022 | 432.619 | 441.575 | 8.956 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 215.873 | 220.404 | 4.531 | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 213.035 | 219.382 | 6.347 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 213.472 | 219.942 | 6.470 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 212.890 | 219.923 | 7.033 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 211.362 | 218.152 | 6.790 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 209.979 | 216.821 | 6.842 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 142.023 | 144.571 | 2.548 | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 15.425 | 15.701 | 276 | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 142.315 | 144.992 | 2.677 | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 112.557 | 114.912 | 2.355 | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 496.500 | 506.666 | 10.166 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 425.561 | 431.464 | 5.903 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 236.245 | 231.171 | (5.074) | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 19.863 | 19.436 | (427) | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 218 | 216 | (2) | - |
| Pfund Sterling | Kauf | 16.03.2022 | 812 | 798 | 14 | - |
| Pfund Sterling | Kauf | 16.03.2022 | 1.624 | 1.591 | 33 | - |
| Pfund Sterling | Kauf | 16.03.2022 | 58.997 | 57.732 | 1.265 | - |
| Pfund Sterling | Kauf | 16.03.2022 | 8.119 | 7.943 | 176 | - |
| Pfund Sterling | Kauf | 16.03.2022 | 271 | 265 | 6 | - |
| Pfund Sterling | Kauf | 16.03.2022 | 541 | 529 | 12 | - |
| Pfund Sterling | Kauf | 19.01.2022 | 9.162.577 | 9.023.689 | 138.888 | 0,13 |
| Pfund Sterling | Verkauf | 16.03.2022 | 2.154.467 | 2.120.151 | (34.316) | (0,04) |
| Pfund Sterling | Verkauf | 16.03.2022 | 24.357 | 23.834 | (523) | - |
| Pfund Sterling | Verkauf | 16.03.2022 | 812 | 793 | (19) | - |
| Pfund Sterling | Verkauf | 16.03.2022 | 135 | 132 | (3) | - |
| Pfund Sterling | Verkauf | 19.01.2022 | 708.833 | 695.278 | (13.555) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 390.682 | 397.189 | (6.507) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 3.004 | 3.002 | 2 | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 1.344 | 1.331 | 13 | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 1.423 | 1.406 | 17 | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 146.565 | 145.003 | 1.562 | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 57.709 | 57.740 | (31) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 1.976 | 1.939 | 37 | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 870 | 860 | 10 | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 158 | 157 | 1 | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 438.035 | 444.795 | (6.760) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 326.333 | 331.212 | (4.879) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 326.649 | 331.775 | (5.126) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 215.579 | 220.594 | (5.015) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 12.490 | 12.766 | (276) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 6.561 | 6.737 | (176) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 213.286 | 218.400 | (5.114) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 795.041 | 799.660 | 4.619 | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 1.035.126 | 1.054.273 | 19.147 | 0,02 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 11.621 | 11.814 | 193 | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 711.086 | 723.011 | 11.925 | 0,01 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 72.255 | 72.119 | (136) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 1.581 | 1.566 | (15) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 3.004 | 2.981 | (23) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 44.507 | 44.519 | 12 | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 346.491 | 344.952 | (1.539) | - |


## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (1,30 %) (30. Juni 2021: -2,96 %) 
Forts.
Kontrakt-
Liefer-
Wert
Gesamt- nennwert
Nicht realisierter Wertzuwachs/ (Wertverlust)
% vom
Kontrahent	Währung
typ*
termin
USD
USD
USD
Teilfonds
| State Street Bank & Trust Company  Forts. Euro | Kauf | 16.03.2022 | 1.026 USD | 1.019 USD | 7 USD | - |
| --- | --- | --- | --- | --- | --- | --- |
| Euro | Kauf | 16.03.2022 | 4.561 | 4.524 | 37 | - |
| Euro | Kauf | 16.03.2022 | 406.357 | 403.143 | 3.214 | - |
| Euro | Kauf | 16.03.2022 | 342 | 339 | 3 | - |
| Euro | Kauf | 16.03.2022 | 1.026 | 1.022 | 4 | - |
| Euro | Kauf | 16.03.2022 | 1.140 | 1.135 | 5 | - |
| Euro | Verkauf | 16.03.2022 | 291.998 | 291.113 | (885) | - |
| Euro | Verkauf | 16.03.2022 | 1.401.613 | 1.396.977 | (4.636) | - |
| Euro | Verkauf | 16.03.2022 | 10.148 | 10.072 | (76) | - |
| Euro | Verkauf | 16.03.2022 | 342 | 339 | (3) | - |
| Euro | Verkauf | 19.01.2022 | 6.605 | 6.602 | (3) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 71.290 | 72.281 | (991) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 215.808 | 217.592 | (1.784) | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 4.049.838 | 4.097.543 | 47.704 | 0,04 |
| Japanischer Yen | Verkauf | 16.02.2022 | 567.180 | 573.331 | 6.151 | 0,01 |
| Japanischer Yen | Verkauf | 16.02.2022 | 399.989 | 405.777 | 5.788 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 69.918 | 72.779 | (2.861) | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 139.494 | 144.938 | (5.444) | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 138.877 | 145.204 | (6.327) | (0,01) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 414.714 | 431.016 | (16.302) | (0,01) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 416.358 | 430.472 | (14.114) | (0,01) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 69.918 | 71.771 | (1.853) | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 72.178 | 71.884 | 294 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 3.629 | 3.617 | 12 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 116.621 | 115.468 | 1.153 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 319.116 | 315.961 | 3.155 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 34.035 | 33.864 | 171 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 416.495 | 436.987 | (20.492) | (0,02) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 483.673 | 501.209 | (17.536) | (0,01) |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 708.287 | 719.800 | 11.513 | 0,01 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 107.582 | 111.799 | 4.217 | - |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 290.560 | 286.579 | (3.981) | - |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 3.424 | 3.371 | (53) | - |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 68 | 68 | - | - |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 1.585.104 | 1.561.490 | (23.614) | (0,03) |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 342 | 338 | (4) | - |
| Norwegische Krone | Kauf | 16.03.2022 | 748 | 718 | 30 | - |
| Norwegische Krone | Kauf | 16.03.2022 | 454 | 442 | 12 | - |
| Norwegische Krone | Verkauf | 16.03.2022 | 187.724 | 181.903 | (5.821) | - |
| Norwegische Krone | Verkauf | 16.03.2022 | 68 | 66 | (2) | - |
| Schwedische Krone | Kauf | 16.03.2022 | 1.927 | 1.910 | 17 | - |
| Schwedische Krone | Kauf | 16.03.2022 | 2.414 | 2.417 | (3) | - |
| Schwedische Krone | Kauf | 16.03.2022 | 11 | 11 | - | - |
| Schwedische Krone | Verkauf | 16.03.2022 | 590.840 | 591.449 | 609 | - |
| Schwedische Krone | Verkauf | 16.03.2022 | 2.580 | 2.566 | (14) | - |
| Schwedische Krone | Verkauf | 16.03.2022 | 43.362 | 43.137 | (225) | - |
| Schweizer Franken | Kauf | 16.03.2022 | 1.240.782 | 1.232.008 | 8.774 | 0,01 |
| Schweizer Franken | Kauf | 16.03.2022 | 990 | 974 | 16 | - |
| Schweizer Franken | Kauf | 16.03.2022 | 58.713 | 57.836 | 877 | - |
| Schweizer Franken | Kauf | 16.03.2022 | 6.047 | 5.991 | 56 | - |
| Schweizer Franken | Verkauf | 16.03.2022 | 110 | 109 | (1) | - |
| Schweizer Franken | Verkauf | 16.03.2022 | 110 | 109 | (1) | - |
| Schweizer Franken | Verkauf | 16.03.2022 | 68.169 | 67.151 | (1.018) | - |


## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (1,30 %) (30. Juni 2021: -2,96 %) 
Forts.
Kontrakt-
Liefer-
Wert
Gesamt- nennwert
Nicht realisierter Wertzuwachs/ (Wertverlust)
% vom
Kontrahent	Währung
typ*
termin
USD
USD
USD
Teilfonds
| State Street Bank & Trust Company  Forts. Schweizer Franken | Verkauf | 16.03.2022 | 337.656 USD | 332.614 USD | (5.042) USD | - |
| --- | --- | --- | --- | --- | --- | --- |
| Schweizer Franken | Verkauf | 16.03.2022 | 110 | 109 | (1) | - |
| Schweizer Franken | Verkauf | 16.03.2022 | 770 | 758 | (12) | - |
| Schweizer Franken | Verkauf | 16.03.2022 | 110 | 110 | - | - |
| Toronto-Dominion Bank Australischer Dollar | Kauf | 19.01.2022 | 474.891 | 480.548 | (5.657) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 797.281 | 798.469 | (1.188) | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 1.272.172 | 1.244.262 | (27.910) | (0,03) |
| Pfund Sterling | Kauf | 16.03.2022 | 200.941 | 197.717 | 3.224 | - |
| Pfund Sterling | Verkauf | 16.03.2022 | 295.390 | 288.398 | (6.992) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 2.102.427 | 2.077.048 | 25.379 | 0,02 |
| Kanadischer Dollar | Kauf | 19.01.2022 | 326.333 | 331.218 | (4.885) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 840.576 | 845.376 | 4.800 | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 1.034.968 | 1.054.114 | 19.146 | 0,02 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 711.086 | 723.003 | 11.917 | 0,01 |
| Euro | Kauf | 16.03.2022 | 406.243 | 403.041 | 3.202 | - |
| Euro | Verkauf | 16.03.2022 | 1.724.966 | 1.719.412 | (5.554) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 959.789 | 971.109 | (11.320) | (0,01) |
| Japanischer Yen | Verkauf | 16.02.2022 | 399.989 | 405.767 | 5.778 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 568.383 | 560.033 | 8.350 | 0,01 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 568.383 | 577.790 | 9.407 | 0,01 |
| Norwegische Krone | Verkauf | 16.03.2022 | 116.384 | 113.497 | (2.887) | - |
| Schwedische Krone | Verkauf | 16.03.2022 | 34.581 | 34.616 | 35 | - |
| UBS AG Australischer Dollar | Kauf | 19.01.2022 | 413.120 | 404.127 | 8.993 | 0,01 |
| Australischer Dollar | Kauf | 19.01.2022 | 113.939 | 114.092 | (153) | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 527.058 | 545.980 | 18.922 | 0,02 |
| Pfund Sterling | Verkauf | 16.03.2022 | 97.020 | 95.456 | (1.564) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 2.702.917 | 2.718.365 | (15.448) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 331.629 | 334.385 | (2.756) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 1.034.968 | 1.054.130 | 19.162 | 0,02 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 356.057 | 362.782 | 6.725 | 0,01 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 1.643.522 | 1.623.555 | (19.967) | (0,02) |
| Euro | Kauf | 16.03.2022 | 1.084.190 | 1.080.688 | 3.502 | - |
| Euro | Kauf | 19.01.2022 | 126.753 | 125.805 | 948 | - |
| Japanischer Yen | Kauf | 16.02.2022 | 3.669.347 | 3.711.264 | (41.917) | (0,05) |
| Japanischer Yen | Verkauf | 16.02.2022 | 567.181 | 573.337 | 6.156 | 0,01 |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 483.673 | 501.230 | (17.557) | (0,02) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 416.289 | 430.404 | (14.115) | (0,01) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 76.424 | 77.703 | (1.279) | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 429.917 | 440.657 | (10.740) | (0,01) |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 212.425 | 216.963 | 4.538 | - |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 1.193.878 | 1.176.120 | (17.758) | (0,02) |
| Norwegische Krone | Kauf | 16.03.2022 | 669 | 648 | 21 | - |
| Norwegische Krone | Kauf | 16.03.2022 | 442 | 440 | 2 | - |
| Norwegische Krone | Verkauf | 16.03.2022 | 79 | 78 | (1) | - |
| Schwedische Krone | Kauf | 16.03.2022 | 974 | 968 | 6 | - |
| Schweizer Franken | Kauf | 16.03.2022 | 189.333 | 187.979 | 1.354 | - |
| Schweizer Franken | Kauf | 16.03.2022 | 110 | 108 | 2 | - |
| Westpac Banking Corporation Pfund Sterling | Kauf | 16.03.2022 | 364.400 | 358.596 | 5.804 | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 355.662 | 357.694 | (2.032) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 355.662 | 351.330 | (4.332) | - |
| Euro | Verkauf | 16.03.2022 | 499.281 | 497.702 | (1.579) | - |

| 31. Dezember 2021 |  |
| --- | --- |
| DEVISENTERMINKONTRAKTE (1,30 %) (30. Juni 2021: -2,96 %)  Forts. |
|  |  |  | Gesamt- | Nicht realisierter Wertzuwachs/ |  |
| Kontrakt- | Liefer- | Wert | nennwert | (Wertverlust) | % vom |
| Kontrahent	Währung	typ* | termin | USD | USD | USD | Teilfonds |
| Westpac Banking Corporation  Forts. |  |  |  |  |  |
| Japanischer Yen	Verkauf | 16.02.2022 | 135.945 USD | 137.521 USD | 1.576 USD | - |
| Neuseeland-Dollar	Kauf | 19.01.2022 | 733.899 | 723.090 | 10.809 | 0,01 |
| Neuseeland-Dollar	Kauf | 19.01.2022 | 483.673 | 501.222 | (17.549) | (0,01) |
| Neuseeland-Dollar	Verkauf | 19.01.2022 | 1.217.572 | 1.237.831 | 20.259 | 0,02 |
| Nicht realisierter Wertzuwachs aus Devisenterminkontrakten |  |  |  | 2.710.899 USD | 2,32 |
| Nicht realisierter Wertverlust aus Devisenterminkontrakten | (1.186.675) USD | (1,02) |
| Nicht realisierter Wertzuwachs aus Devisenterminkontrakten, netto | 1.524.224 USD | 1,30 |
| Summe finanzieller Vermögenswerte, erfolgswirksam zum beizulegenden Zeitwert | 178.968.236 USD | 152,97 |
| Summe finanzieller Verbindlichkeiten, erfolgswirksam zum beizulegenden Zeitwert | (40.091.421) USD | (34,27) |
| * Die Umtauschwährung für alle aufgeführten Verträge ist der US-Dollar. |  |  |
| Analyse des Gesamtvermögens |  | % des Gesamt- vermögens |
| Übertragbare Wertpapiere, die an einer amtlichen Börse zur Notierung zugelassen wurden |  | 13,02 |
| Übertragbare Wertpapiere, die an einem anderen geregelten Markt gehandelt werden |  | 51,24 |
| Sonstige übertragbare Wertpapiere gemäß Vorschrift 68 (1) (a), (b) und (c) |  | 15,53 |
| Im Freiverkehr gehandelte derivative Finanzinstrumente (OTC-Derivate) |  | 4,34 |
| Zentral abgewickelte derivative Finanzinstrumente |  | - |
| Sonstige Vermögenswerte |  | 15,87 |
| Summe Vermögenswerte |  | 100,00 |


## Anlagenverzeichnis
31. Dezember 2021
NICHT-US-AKTIEN (0,16 %) (30. Juni 2021: 0,16 %)	
% vom
US-AKTIEN (0,80 %) (30. Juni 2021: 0,93 %) 
Forts.	
% vom
Anzahl von Anteilen
Medizintechnik (0,16 %)
Wert USD
Teil- fonds
Anzahl von Anteilen
Wohnungsbau (0,10 %)
Wert USD
Teil- fonds
6.855 Ortho Clinical Diagnostics Holdings PLC
(United Kingdom)	146.629 USD	0,16
146.629	0,16
Software (-%)
45 Clarivate PLC (Jersey)	1.058	-
1.058	-
Summe Nicht-US-Aktien	147.687 USD	0,16
US-AKTIEN (0,80 %) (30. Juni 2021: 0,93 %)	
% vom
1.651 PulteGroup Incorporated	94.371 USD	0,10
94.371  0,10
Medien (- %)
6 Sirius XM Holdings Incorporated	38	-
38	-
Öl- und Erdgasversorgungsbetriebe (0,53 %)
7.900 Antero Resources Corporation		138.250	0,15 387 Milagro Oil & Gas Incorporated (F)			987		- 2.735 Oasis Petroleum Incorporated	344.583 0,38
483.820  0,53
Anzahl von Anteilen
Automobile (0,17 %)
Wert USD
Teil- fonds
Summe US-Aktien	729.201 USD  0,80
2.575 General Motors Company	150.972 USD	0,17
150.972	0,17
OPTIONSSCHEINE (-%) (30. Juni 2021: - %)
Anzahl von Options- scheine
Wert USD
% vom Teil- fonds
41 Guaranteed Rate Incorporated (F)	2 USD	-
Summe Optionsscheine	2 USD	-
RÜCKKAUFVEREINBARUNGEN (5,48 %) (30. Juni 2021: - %)
| Kapitalbetrag	Effektivzins | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- |
| 5.010.000 USD Repurchase Agreement - Bofa Securities Incorporated*	0,05 | 03.01.2022 | 5.010.000 USD | 5,48 |
| Summe Rückkaufvereinbarungen |  | 5.010.000 USD | 5,48 |

* Beteiligung an einer großvolumigen Rückkaufvereinbarung vom 31. Dezember 2021 über 10.143.000 USD mit BofA Securities Incorporated, fällig am 3. Januar 2022 mit einem Fälligkeitswert von 5.010.021 USD bei einem Effektivzins von 0,050 % (besichert durch US-Treasuries (einschließlich Strips) mit einem Kupon von 0,750 % und dem 31. Dezember 2023 als Fälligkeitstermin, die mit 10.345.860 USD bewertet sind).
NICHT-US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (29,65 %) (30. Juni 2021: 34,66 %)
Kapitalbetrag	Kuponsatz	Fälligkeit
Wert USD
% vom Teilfonds
| Werbung (0,38 %) 295.000 EUR Summer BC Holdco B SARL (Luxembourg)	5,75 | 31.10.2026 | 349.245 USD | 0,38 |
| --- | --- | --- | --- |
|  |  | 349.245 | 0,38 |
| Luft- und Raumfahrt und Verteidigung (0,41 %) |  |  |  |
| 70.000 USD Bombardier Incorporated (Canada) | 6,00 | 15.02.2028 | 70.212 | 0,08 |
| 180.000 Bombardier Incorporated (Canada) | 7,88 | 15.04.2027 | 186.678 | 0,21 |
| 110.000 Bombardier Incorporated (Canada) | 7,13 | 15.06.2026 | 114.115 | 0,12 |
|  |  |  | 371.005 | 0,41 |

Fluggesellschaft en (0,79 %)
| 20.000 Air Canada (Canada)	3,88 | 15.08.2026 | 20.475 | 0,02 |
| --- | --- | --- | --- |
| 200.000 American Airlines Incorporated (International) | 5,75 | 20.04.2029 | 213.744 | 0,23 |
| 100.000 American Airlines Incorporated (International) | 5,50 | 20.04.2026 | 103.988 | 0,11 |
| 355.000 Delta Air Lines Incorporated (International) | 4,75 | 20.10.2028 | 387.653 | 0,43 |
|  |  |  | 725.860 | 0,79 |
| Autoteile und Ausrüstung (1,41 %) 200.000 Adient Global Holdings Limited (Jersey) | 4,88 | 15.08.2026 | 204.000 | 0,22 |
| 360.000 Clarios Global LP (International) | 8,50 | 15.05.2027 | 381.600 | 0,42 |
| 380.000 EUR Gestamp Automocion SA (Spain) | 3,25 | 30.04.2026 | 435.342 | 0,48 |
| 250.000 Grupo Antolin-Irausa SA (Spain) | 3,50 | 30.04.2028 | 267.234 | 0,29 |
|  |  |  | 1.288.176 | 1,41 |


## 31. Dezember 2021
NICHT-US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (29,65 %) (30. Juni 2021: 34,66 %) Forts.
| Kapitalbetrag | Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- | --- |
| Automobile (0,41 %) 300.000 EUR Volkswagen International Finance NV (Netherlands) | 3,88 | 31.12.2099 | 370.582 USD | 0,41 |
|  |  |  | 370.582 | 0,41 |

Bankwesen (4,10 %)
| 130.000 Banca Monte dei Paschi di Siena SpA (Italy)	5,38 | 18.01.2028 | 115.999 | 0,13 |
| --- | --- | --- | --- |
| 200.000 Banco Santander SA (Spain) | 4,13 | 31.12.2099 | 229.476 | 0,25 |
| 250.000 GBP Barclays PLC (United Kingdom) | 7,88 | 29.12.2049 | 351.945 | 0,38 |
| 200.000 EUR Commerzbank AG (Germany) | 4,25 | 31.12.2099 | 226.145 | 0,25 |
| 200.000 Commerzbank AG (Germany) | 6,13 | 31.03.2099 | 247.626 | 0,27 |
| 250.000 USD Credit Suisse Group AG (Switzerland) | 7,25 | 31.12.2099 | 274.720 | 0,30 |
| 600.000 Deutsche Bank AG (Germany) | 6,00 | 31.12.2099 | 623.249 | 0,68 |
| 335.000 EUR Intesa Sanpaolo SpA (Italy) | 6,25 | 31.12.2099 | 414.770 | 0,45 |
| 200.000 USD Societe Generale SA (France) | 5,38 | 31.12.2099 | 210.080 | 0,23 |
| 260.300 EUR Stichting AK Rabobank Certificaten (Netherlands) | 6,50 | 29.12.2049 | 407.113 | 0,45 |
| 400.000 USD UBS Group AG (Switzerland) | 7,00 | 31.12.2099 | 431.300 | 0,47 |
| 200.000 EUR UniCredit SpA (Italy) | 3,88 | 31.12.2099 | 217.738 | 0,24 |
|  |  |  | 3.750.161 | 4,10 |
| Getränke (0,37 %) |  |  |  |  |
| 290.000 Sunshine Mid BV (Netherlands)	6,50 | 15.05.2026 | 338.541 | 0,37 |
|  |  | 338.541 | 0,37 |

Baustoffe (0,10 %)
90.000 USD Masonite International Corporation (Canada)	3,50	15.02.2030	88.988	0,10
| 88.988 | 0,10 |
| --- | --- |
| Chemie (0,86 %) 245.000 USD Herens Holdco Sarl (Luxembourg) | 4,75 | 15.05.2028 | 240.100 | 0,26 |
| 100.000 EUR Lune Holdings Sarl (Luxembourg) | 5,63 | 15.11.2028 | 113.766 | 0,12 |
| 140.000 Nobian Finance BV (Netherlands) | 3,63 | 15.07.2026 | 157.512 | 0,17 |
| 45.000 USD NOVA Chemicals Corporation (Canada) | 4,25 | 15.05.2029 | 45.183 | 0,05 |
| 225.000 Trinseo Materials Operating SCA (Luxembourg) | 5,13 | 01.04.2029 | 229.500 | 0,26 |
|  |  |  | 786.061 | 0,86 |
| Kommerzielle Dienstleistungen (2,34 %) 40.000 Garda World Security Corporation (Canada) | 6,00 | 01.06.2029 | 38.200 | 0,04 |
| 320.000 Garda World Security Corporation (Canada) | 9,50 | 01.11.2027 | 345.019 | 0,38 |
| 465.000 EUR La Financiere Atalian SASU (France) | 4,00 | 15.05.2024 | 519.127 | 0,57 |
| 355.000 Loxam SAS (France) | 3,75 | 15.07.2026 | 409.409 | 0,45 |
| 408.827 Techem Verwaltungsgesellschaft 674 mbH (Germany) | 6,00 | 30.07.2026 | 478.510 | 0,52 |
| 300.000 Verisure Midholding AB (Sweden) | 5,25 | 15.02.2029 | 346.455 | 0,38 |
|  |  |  | 2.136.720 | 2,34 |
| Diversifizierte Finanzdienstleistungen (0,20 %) 120.000 USD goeasy Limited (Canada) | 4,38 | 01.05.2026 | 122.700 | 0,13 |
| 60.000 goeasy Limited (Canada) | 5,38 | 01.12.2024 | 61.650 | 0,07 |
|  |  |  | 184.350 | 0,20 |
| Stromversorgungsbetriebe (0,41 %) 300.000 EUR Electricite de France SA (France) | 5,38 | 29.01.2049 | 374.424 | 0,41 |
|  |  |  | 374.424 | 0,41 |
| Elektronik (0,23 %) 205.000 USD Sensata Technologies BV (Netherlands) | 4,00 | 15.04.2029 | 208.844 | 0,23 |
|  |  |  | 208.844 | 0,23 |

Anlagenverzeichnis Forts.

## 31. Dezember 2021
NICHT-US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (29,65 %) (30. Juni 2021: 34,66 %) Forts.
| Kapitalbetrag | Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- | --- |
| Unterhaltung (0,34 %) |  |  |  |  |
| 175.000 EUR Banijay Entertainment SASU (France) | 3,50 | 01.03.2025 | 199.989 USD | 0,22 |
| 100.000 Motion Bondco DAC (Ireland) | 4,50 | 15.11.2027 | 108.474 | 0,12 |
|  |  |  | 308.463 | 0,34 |
| Umweltkontrolle (0,23 %) |  |  |  |  |
| 50.000 USD GFL Environmental Incorporated (Canada) | 4,75 | 15.06.2029 | 50.500 | 0,06 |
| 25.000 GFL Environmental Incorporated (Canada) | 3,50 | 01.09.2028 | 24.750 | 0,03 |
| 120.000 EUR Paprec Holding SA (France)	3,50 | 01.07.2028 | 138.615 | 0,14 |
|  |  | 213.865 | 0,23 |
| Lebensmittel (0,61 %) |  |  |  |  |
| 135.000 Casino Guichard Perrachon SA (France) | 5,25 | 15.04.2027 | 145.465 | 0,16 |
| 100.000 Casino Guichard Perrachon SA (France) | 6,63 | 15.01.2026 | 114.941 | 0,13 |
| 100.000 Casino Guichard Perrachon SA (France) | 3,58 | 07.02.2025 | 109.600 | 0,12 |
| 165.000 Picard Groupe SAS (France) | 3,88 | 01.07.2026 | 189.936 | 0,20 |
|  |  |  | 559.942 | 0,61 |
| Medizinische Dienstleistungen (1,11 %) |  |  |  |  |
| 130.000 CAB SELAS (France) | 3,38 | 01.02.2028 | 147.665 | 0,16 |
| 320.000 Chrome Bidco SASU (France) | 3,50 | 31.05.2028 | 367.836 | 0,40 |
| 100.000 Laboratoire Eimer Selas (France) | 5,00 | 01.02.2029 | 115.164 | 0,13 |
| 335.000 Unilabs Subholding AB (Sweden) | 5,75 | 15.05.2025 | 385.275 | 0,42 |
|  |  |  | 1.015.940 | 1,11 |
| Wohnungsbau (0,35 %) |  |  |  |  |
| 200.000 USD Brookfield Residential Properties Incorporated (Canada)	5,00 | 15.06.2029 | 200.140 | 0,22 |
| 115.000 Mattamy Group Corporation (Canada)	4,63 | 01.03.2030 | 117.122 | 0,13 |
|  |  | 317.262 | 0,35 |
| Internet (0,12 %) |  |  |  |  |
| 120.000 Fiverr International Limited (Israel)	- | 01.11.2025 | 111.420 | 0,12 |
|  |  | 111.420 | 0,12 |
| Investmentgesellschaften (0,09 %) |  |  |  |  |
| 72.000 EUR Vertical Holdco GmbH (International)	6,63 | 15.07.2028 | 86.291 | 0,09 |
|  |  | 86.291 | 0,09 |
| Freizeit (0,25 %) |  |  |  |  |
| 200.000 Pinnacle Bidco PLC (United Kingdom)	5,50 | 15.02.2025 | 232.823 | 0,25 |
|  |  | 232.823 | 0,25 |
| Maschinen (0,40 %) |  |  |  |  |
| 145.000 USD Husky III Holding Limited (Canada)	13,00 | 15.02.2025 | 152.250 | 0,17 |
| 200.000 TK Elevator Holdco GmbH (Germany)	7,63 | 15.07.2028 | 214.250 | 0,23 |
|  |  | 366.500 | 0,40 |
| Medien (2,13 %) |  |  |  |  |
| 375.000 Altice Financing SA (Luxembourg) | 5,00 | 15.01.2028 | 365.959 | 0,40 |
| 275.000 EUR Tele Columbus AG (Germany) | 3,88 | 02.05.2025 | 308.238 | 0,34 |
| 260.000 Virgin Media Finance PLC (United Kingdom) | 3,75 | 15.07.2030 | 295.261 | 0,32 |
| 175.000 GBP Virgin Media Secured Finance PLC (United Kingdom) | 4,13 | 15.08.2030 | 233.145 | 0,25 |
| 170.000 Virgin Media Secured Finance PLC (United Kingdom) | 5,25 | 15.05.2029 | 239.646 | 0,26 |
| 455.000 EUR Ziggo Bond Company BV (Netherlands)	3,38 | 28.02.2030 | 504.730 | 0,56 |
|  |  | 1.946.979 | 2,13 |


## 31. Dezember 2021
NICHT-US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (29,65 %) (30. Juni 2021: 34,66 %) Forts.
| Kapitalbetrag | Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- | --- |
| Bergbau (0,94 %) 330.000 EUR Constellium SE (France) | 3,13 | 15.07.2029 | 371.842 USD | 0,41 |
| 325.000 USD First Quantum Minerals Limited (Canada) | 6,88 | 01.03.2026 | 337.594 | 0,37 |
| 140.000 Hudbay Minerals Incorporated (Canada) | 6,13 | 01.04.2029 | 148.454 | 0,16 |
|  |  |  | 857.890 | 0,94 |
| Öl- und Erdgasversorgungsbetriebe (2,05 %) 245.000 Petroleos Mexicanos (Mexico) | 5,95 | 28.01.2031 | 238.072 | 0,26 |
| 910.000 Petroleos Mexicanos (Mexico) | 6,84 | 23.01.2030 | 941.458 | 1,03 |
| 45.000 Precision Drilling Corporation (Canada) | 6,88 | 15.01.2029 | 45.865 | 0,05 |
| 185.000 Precision Drilling Corporation (Canada) | 7,13 | 15.01.2026 | 189.163 | 0,21 |
| 125.000 Transocean Incorporated (Cayman Islands) | 11,50 | 30.01.2027 | 122.500 | 0,13 |
| 85.000 Transocean Incorporated (Cayman Islands) | 0,50 | 30.01.2023 | 76.182 | 0,08 |
| 44.220 Transocean Pontus Limited (Cayman Islands) | 6,13 | 01.08.2025 | 43.115 | 0,05 |
| 230.000 Transocean Poseidon Limited (Cayman Islands) | 6,88 | 01.02.2027 | 222.238 | 0,24 |
|  |  |  | 1.878.593 | 2,05 |
| Verpackungen und Container (1,30 %) 245.000 EUR ARD Finance SA (Luxembourg) | 5,00 | 30.06.2027 | 285.969 | 0,31 |
| 200.000 USD ARD Finance SA (Luxembourg) | 6,50 | 30.06.2027 | 206.000 | 0,22 |
| 200.000 Canpack SA (International) | 3,88 | 15.11.2029 | 195.000 | 0,21 |
| 120.000 Intelligent Packaging Holdco Issuer LP (Canada) | 9,00 | 15.01.2026 | 125.700 | 0,14 |
| 90.000 Intelligent Packaging Limited Finco Incorporated (Canada) | 6,00 | 15.09.2028 | 92.475 | 0,10 |
| 130.000 EUR Kleopatra Holdings 2 SCA (Luxembourg) | 6,50 | 01.09.2026 | 134.963 | 0,15 |
| 135.000 Titan Holdings II BV (Netherlands) | 5,13 | 15.07.2029 | 152.476 | 0,17 |
|  |  |  | 1.192.583 | 1,30 |
| Pharma (3,55 %) 235.000 USD Bausch Health Companies Incorporated (Canada) | 7,25 | 30.05.2029 | 232.650 | 0,25 |
| 175.000 Bausch Health Companies Incorporated (Canada) | 6,25 | 15.02.2029 | 166.292 | 0,18 |
| 155.000 Bausch Health Companies Incorporated (Canada) | 4,88 | 01.06.2028 | 158.100 | 0,17 |
| 88.000 Endo Dac (International) | 6,00 | 30.06.2028 | 65.560 | 0,07 |
| 64.000 Endo Dac (International) | 9,50 | 31.07.2027 | 65.147 | 0,07 |
| 80.000 Endo Luxembourg Finance Company I Sarl (Luxembourg) | 6,13 | 01.04.2029 | 78.100 | 0,09 |
| 565.000 Jazz Securities DAC (Ireland) | 4,38 | 15.01.2029 | 585.024 | 0,65 |
| 292.000 Mallinckrodt International Finance SA (Luxembourg) | 10,00 | 15.04.2025 | 281.780 | 0,31 |
| 505.000 EUR Teva Pharmaceutical Finance Netherlands II BV (Netherlands) | 4,38 | 09.05.2030 | 567.410 | 0,62 |
| 430.000 Teva Pharmaceutical Finance Netherlands II BV (Netherlands) | 6,00 | 31.01.2025 | 527.148 | 0,58 |
| 310.000 USD Teva Pharmaceutical Finance Netherlands III BV (Netherlands) | 5,13 | 09.05.2029 | 303.896 | 0,33 |
| 200.000 Teva Pharmaceutical Finance Netherlands III BV (Netherlands) | 6,75 | 01.03.2028 | 213.000 | 0,23 |
|  |  |  | 3.244.107 | 3,55 |
| Pipelines (0,03 %) 30.000 Northriver Midstream Finance LP (Canada) | 5,63 | 15.02.2026 | 31.050 | 0,03 |
|  |  |  | 31.050 | 0,03 |
| Immobilien (0,87 %) 155.000 EUR Aedas Homes Opco SLU (Spain) | 4,00 | 15.08.2026 | 181.724 | 0,20 |
| 110.000 Foncia Management SASU (France) | 3,38 | 31.03.2028 | 122.879 | 0,13 |
| 155.000 Neinor Homes SA (Spain) | 4,50 | 15.10.2026 | 179.079 | 0,20 |
| 270.000 Via Celere Desarrollos Inmobiliarios SA (Spain) | 5,25 | 01.04.2026 | 316.103 | 0,34 |
|  |  |  | 799.785 | 0,87 |
| Einzelhandel (0,49 %) 230.000 USD 1011778 BC ULC (Canada) | 4,00 | 15.10.2030 | 225.975 | 0,26 |
| 65.000 1011778 BC ULC (Canada) | 4,38 | 15.01.2028 | 66.300 | 0,07 |
| 100.000 EUR Mobilux Finance SAS (France) | 4,25 | 15.07.2028 | 113.236 | 0,12 |
| 900.000 GBP Phosphorus Holdco PLC (United Kingdom) | 1,00 | 01.04.2022 | 36.546 | 0,04 |
|  |  |  | 442.057 | 0,49 |

Anlagenverzeichnis Forts.

## 31. Dezember 2021
| NICHT-US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (29,65 %) (30. Juni 2021: 34,66 %) Forts. |
| --- |
| Kapitalbetrag	Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| Telekommunikation (2,20 %) |  |  |  |
| 410.000 EUR Altice France Holding SA (Luxembourg) | 8,00 | 15.05.2027 | 493.032 USD | 0,54 |
| 390.000 Altice France SA (France) | 3,38 | 15.01.2028 | 431.596 | 0,47 |
| 145.000 Lorca Telecom Bondco SA (Spain) | 4,00 | 18.09.2027 | 167.940 | 0,18 |
| 400.000 Telefonica Europe BV (Netherlands) | 5,88 | 31.03.2049 | 499.232 | 0,55 |
| 145.000 GBP Vmed O2 UK Financing I PLC (United Kingdom) | 4,50 | 15.07.2031 | 195.896 | 0,21 |
| 195.000 EUR WP/AP Telecom Holdings III BV (Netherlands) | 5,50 | 15.01.2030 | 225.695 | 0,25 |
|  |  |  | 2.013.391 | 2,20 |
| Transport (0,58 %) |  |  |  |  |
| 420.000 CMA CGM SA (France)	7,50 | 15.01.2026 | 526.120 | 0,58 |
|  |  | 526.120 | 0,58 |

| Kapitalbetrag	Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- |
| Werbung (0,25 %) 105.000 USD Clear Channel Outdoor Holdings Incorporated	7,75 | 15.04.2028 | 112.350 USD | 0,12 |
| 110.000 Terrier Media Buyer Incorporated	8,88 | 15.12.2027 | 118.885 | 0,13 |
|  |  | 231.235 | 0,25 |
| Luft- und Raumfahrt und Verteidigung (0,50 %) 20.000 TransDigm Incorporated | 4,88 | 01.05.2029 | 20.086 | 0,02 |
| 425.000 TransDigm Incorporated | 5,50 | 15.11.2027 | 437.750 | 0,48 |
|  |  |  | 457.836 | 0,50 |
| Fluggesellschaften (0,18 %) 80.000 United Airlines Incorporated | 4,63 | 15.04.2029 | 82.500 | 0,09 |
| 80.000 United Airlines Incorporated | 4,38 | 15.04.2026 | 83.419 | 0,09 |
|  |  |  | 165.919 | 0,18 |
| Bekleidung (0,49 %) 210.000 Kontoor Brands Incorporated | 4,13 | 15.11.2029 | 210.263 | 0,23 |
| 235.000 Levi Strauss & Company | 3,50 | 01.03.2031 | 239.613 | 0,26 |
|  |  |  | 449.876 | 0,49 |
| Automobile (2,09 %) 155.000 Allison Transmission Incorporated | 3,75 | 30.01.2031 | 151.125 | 0,17 |
| 60.000 Ford Motor Company | 3,25 | 12.02.2032 | 61.307 | 0,07 |
| 490.000 Ford Motor Company | 7,45 | 16.07.2031 | 663.572 | 0,72 |
| 105.000 Ford Motor Company | 9,63 | 22.04.2030 | 153.694 | 0,17 |
| 200.000 Ford Motor Credit Company LLC | 4,00 | 13.11.2030 | 215.160 | 0,24 |
| 400.000 Ford Motor Credit Company LLC | 5,11 | 03.05.2029 | 454.500 | 0,49 |
| 205.000 PM General Purchaser LLC | 9,50 | 01.10.2028 | 207.699 | 0,23 |
|  |  |  | 1.907.057 | 2,09 |
| Bankwesen (0,32 %) 100.000 Freedom Mortgage Corporation | 6,63 | 15.01.2027 | 97.750 | 0,11 |
| 195.000 Freedom Mortgage Corporation | 8,13 | 15.11.2024 | 197.438 | 0,21 |
|  |  |  | 295.188 | 0,32 |
| Baustoffe (0,63 %) 85.000 Builders FirstSource Incorporated | 4,25 | 01.02.2032 | 87.992 | 0,10 |
| 125.000 JELD-WEN Incorporated | 4,88 | 15.12.2027 | 128.268 | 0,14 |
| 95.000 Standard Industries Incorporated | 3,38 | 15.01.2031 | 91.513 | 0,10 |
| 120.000 Standard Industries Incorporated | 4,38 | 15.07.2030 | 122.250 | 0,13 |
| 140.000 Standard Industries Incorporated | 4,75 | 15.01.2028 | 144.549 | 0,16 |
|  |  |  | 574.572 | 0,63 |

Summe Nicht-US-Unternehmensanleihen und -Schuldverschreibungen	27.118.018 USD	29,65 US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (57,73 %) (30. Juni 2021: 60,94 %)

## 31. Dezember 2021
US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (57,73 %) (30. Juni 2021: 60,94 %) 
Forts.
| Kapitalbetrag | Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- | --- |
| Chemie (2,06 %) 220.000 USD Ingevity Corporation | 3,88 | 01.11.2028 | 215.050 USD | 0,24 |
| 165.000 LSF11 A5 HoldCo LLC | 6,63 | 15.10.2029 | 162.525 | 0,18 |
| 100.000 EUR Olympus Water US Holding Corporation | 5,38 | 01.10.2029 | 109.849 | 0,12 |
| 200.000 USD Olympus Water US Holding Corporation | 6,25 | 01.10.2029 | 195.000 | 0,21 |
| 205.000 SCIH Salt Holdings Incorporated | 6,63 | 01.05.2029 | 191.675 | 0,21 |
| 135.000 SCIH Salt Holdings Incorporated | 4,88 | 01.05.2028 | 129.600 | 0,14 |
| 100.000 EUR SCIL IV LLC | 4,38 | 01.11.2026 | 115.818 | 0,13 |
| 320.000 USD Tronox Incorporated | 4,63 | 15.03.2029 | 319.600 | 0,35 |
| 120.000 WR Grace Holdings LLC | 5,63 | 15.08.2029 | 122.850 | 0,13 |
| 130.000 WR Grace Holdings LLC | 4,88 | 15.06.2027 | 133.527 | 0,15 |
| 175.000 WR Grace Holdings LLC | 5,63 | 01.10.2024 | 184.212 | 0,20 |
|  |  |  | 1.879.706 | 2,06 |
| Kommerzielle Dienstleistungen (3,01 %) 160.000 ADT Security Corporation | 4,13 | 01.08.2029 | 157.600 | 0,17 |
| 180.000 Block Incorporated | 3,50 | 01.06.2031 | 184.500 | 0,20 |
| 130.000 Carriage Services Incorporated | 4,25 | 15.05.2029 | 129.350 | 0,14 |
| 210.000 Gartner Incorporated | 3,75 | 01.10.2030 | 213.150 | 0,23 |
| 20.000 Gartner Incorporated | 3,63 | 15.06.2029 | 20.221 | 0,02 |
| 200.000 NESCO Holdings II Incorporated | 5,50 | 15.04.2029 | 206.500 | 0,23 |
| 105.000 Nielsen Finance LLC | 4,50 | 15.07.2029 | 103.293 | 0,11 |
| 325.000 Nielsen Finance LLC | 5,63 | 01.10.2028 | 335.563 | 0,37 |
| 355.000 PECF USS Intermediate Holding III Corporation | 8,00 | 15.11.2029 | 367.602 | 0,40 |
| 310.000 Prime Security Services Borrower LLC | 6,25 | 15.01.2028 | 323.175 | 0,35 |
| 240.000 Sabre GLBL Incorporated | 9,25 | 15.04.2025 | 271.200 | 0,30 |
| 100.000 Service Corporation International | 4,00 | 15.05.2031 | 101.250 | 0,11 |
| 305.000 Service Corporation International | 5,13 | 01.06.2029 | 327.112 | 0,36 |
| 15.000 Shift4 Payments LLC	4,63 | 01.11.2026 | 15.540 | 0,02 |
|  |  | 2.756.056 | 3,01 |
| Computer (0,64 %) 225.000 Ahead DB Holdings LLC | 6,63 | 01.05.2028 | 223.313 | 0,24 |
| 190.000 Crowdstrike Holdings Incorporated | 3,00 | 15.02.2029 | 187.625 | 0,21 |
| 175.000 Diebold Nixdorf Incorporated | 8,50 | 15.04.2024 | 175.000 | 0,19 |
|  |  |  | 585.938 | 0,64 |
| Vertrieb/Großhandel (0,11 %) 100.000 American Builders & Contractors Supply Company Incorporated | 3,88 | 15.11.2029 | 99.500 | 0,11 |
|  |  |  | 99.500 | 0,11 |
| Diversifizierte Finanzdienstleistungen (3,41 %) 245.000 AG Issuer LLC | 6,25 | 01.03.2028 | 254.188 | 0,28 |
| 325.000 Ally Financial Incorporated | 8,00 | 01.11.2031 | 460.059 | 0,50 |
| 245.000 Aretec Escrow Issuer Incorporated | 7,50 | 01.04.2029 | 250.723 | 0,27 |
| 285.000 Cobra AcquisitionCo LLC | 6,38 | 01.11.2029 | 281.438 | 0,31 |
| 90.000 Coinbase Global Incorporated | 3,63 | 01.10.2031 | 82.800 | 0,09 |
| 95.000 Coinbase Global Incorporated | 3,38 | 01.10.2028 | 88.825 | 0,10 |
| 120.000 Home Point Capital Incorporated | 5,00 | 01.02.2026 | 111.450 | 0,12 |
| 200.000 Nationstar Mortgage Holdings Incorporated | 5,75 | 15.11.2031 | 199.000 | 0,22 |
| 110.000 Nationstar Mortgage Holdings Incorporated | 5,13 | 15.12.2030 | 108.625 | 0,12 |
| 150.000 Nationstar Mortgage Holdings Incorporated | 5,50 | 15.08.2028 | 153.000 | 0,17 |
| 160.000 OneMain Finance Corporation | 4,00 | 15.09.2030 | 157.341 | 0,17 |
| 105.000 OneMain Finance Corporation | 5,38 | 15.11.2029 | 114.166 | 0,12 |
| 245.000 OneMain Finance Corporation | 7,13 | 15.03.2026 | 279.299 | 0,31 |
| 85.000 PennyMac Financial Services Incorporated | 5,75 | 15.09.2031 | 85.850 | 0,09 |
| 100.000 PennyMac Financial Services Incorporated | 5,38 | 15.10.2025 | 102.750 | 0,11 |
| 145.000 PHH Mortgage Corporation | 7,88 | 15.03.2026 | 149.917 | 0,16 |
| 239.000 Provident Funding Associates LP | 6,38 | 15.06.2025 | 243.183 | 0,27 |
|  |  |  | 3.122.614 | 3,41 |

Anlagenverzeichnis Forts.

## 31. Dezember 2021
| US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (57,73 %) (30. Juni 2021: 60,94 %)  Forts. |
| --- |
| Kapitalbetrag	Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| Stromversorgungsbetriebe (0,64 %) 375.000 USD Calpine Corporation	4,50 | 15.02.2028 | 389.063 USD | 0,43 |
| 200.000 NRG Energy Incorporated	3,88 | 15.02.2032 | 196.000 | 0,21 |
|  |  | 585.063 | 0,64 |
| Elektronik (0,58 %) |  |  |  |  |
| 325.000 Imola Merger Corporation | 4,75 | 15.05.2029 | 333.466 | 0,37 |
| 195.000 TTM Technologies Incorporated | 4,00 | 01.03.2029 | 193.538 | 0,21 |
|  |  |  | 527.004 | 0,58 |
| Hoch- und Tiefbau (0,20 %) |  |  |  |  |
| 50.000 Brand Industrial Services Incorporated | 8,50 | 15.07.2025 | 49.954 | 0,05 |
| 125.000 Great Lakes Dredge & Dock Corporation | 5,25 | 01.06.2029 | 128.750 | 0,15 |
|  |  |  | 178.704 | 0,20 |
| Unterhaltung (2,21 %) |  |  |  |  |
| 160.000 AMC Entertainment Holdings Incorporated | 10,50 | 15.04.2025 | 170.400 | 0,19 |
| 65.000 Caesars Entertainment Incorporated | 4,63 | 15.10.2029 | 65.000 | 0,07 |
| 160.000 Cinemark USA Incorporated | 5,25 | 15.07.2028 | 156.000 | 0,17 |
| 50.000 Cinemark USA Incorporated | 8,75 | 01.05.2025 | 53.000 | 0,06 |
| 65.000 Lions Gate Capital Holdings LLC | 5,50 | 15.04.2029 | 66.138 | 0,07 |
| 205.000 Live Nation Entertainment Incorporated | 5,63 | 15.03.2026 | 211.663 | 0,23 |
| 170.000 Penn National Gaming Incorporated | 5,63 | 15.01.2027 | 173.400 | 0,19 |
| 60.000 Raptor Acquisition Corporation | 4,88 | 01.11.2026 | 60.600 | 0,07 |
| 330.000 Scientific Games International Incorporated | 7,25 | 15.11.2029 | 367.950 | 0,40 |
| 120.000 Six Flags Entertainment Corporation | 5,50 | 15.04.2027 | 124.050 | 0,14 |
| 40.000 Six Flags Theme Parks Incorporated | 7,00 | 01.07.2025 | 42.718 | 0,05 |
| 525.000 Wynn Resorts Finance LLC | 5,13 | 01.10.2029 | 532.874 | 0,57 |
|  |  |  | 2.023.793 | 2,21 |
| Umweltkontrolle (0,32 %) |  |  |  |  |
| 195.000 Madison IAQ LLC | 5,88 | 30.06.2029 | 194.999 | 0,22 |
| 95.000 Madison IAQ LLC | 4,13 | 30.06.2028 | 95.238 | 0,10 |
|  |  |  | 290.237 | 0,32 |
| Lebensmittel (1,50 %) |  |  |  |  |
| 160.000 Albertsons Companies Incorporated | 4,88 | 15.02.2030 | 172.755 | 0,19 |
| 90.000 Albertsons Companies Incorporated | 4,63 | 15.01.2027 | 94.450 | 0,10 |
| 295.000 Fresh Market Incorporated | 9,75 | 01.05.2023 | 303.481 | 0,33 |
| 418.000 Kraft Heinz Foods Company | 5,00 | 15.07.2035 | 511.356 | 0,56 |
| 205.000 Lamb Weston Holdings Incorporated | 4,13 | 31.01.2030 | 209.100 | 0,23 |
| 75.000 Lamb Weston Holdings Incorporated | 4,88 | 15.05.2028 | 81.188 | 0,09 |
|  |  |  | 1.372.330 | 1,50 |
| Forstprodukte und Papier (0,26 %) |  |  |  |  |
| 235.000 Mercer International Incorporated | 5,13 | 01.02.2029 | 240.022 | 0,26 |
|  |  |  | 240.022 | 0,26 |
| Hand-/Maschinenwerkzeuge (0,15 %) |  |  |  |  |
| 130.000 Werner FinCo LP	8,75 | 15.07.2025 | 135.525 | 0,15 |
|  |  | 135.525 | 0,15 |
| Medizinische Dienstleistungen (2,58 %) |  |  |  |  |
| 225.000 Air Methods Corporation | 8,00 | 15.05.2025 | 192.656 | 0,21 |
| 65.000 Centene Corporation | 3,00 | 15.10.2030 | 66.073 | 0,07 |
| 210.000 Centene Corporation | 4,63 | 15.12.2029 | 225.750 | 0,25 |
| 95.000 Charles River Laboratories International Incorporated | 4,00 | 15.03.2031 | 97.256 | 0,11 |
| 90.000 Charles River Laboratories International Incorporated | 3,75 | 15.03.2029 | 91.125 | 0,10 |
| 290.000 CHS | 6,88 | 15.04.2029 | 295.438 | 0,32 |
| 275.000 CHS | 6,88 | 01.04.2028 | 269.500 | 0,29 |

31. Dezember 2021
US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (57,73 %) (30. Juni 2021: 60,94 %) 
Forts.
| Kapitalbetrag	Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- |
| Medizinische Dienstleistungen (2,58 %)  Forts. 125.000 USD Global Medical Response Incorporated | 6,50 | 01.10.2025 | 126.250 USD | 0,14 |
| 120.000 HCA Incorporated | 3,50 | 01.09.2030 | 126.825 | 0,14 |
| 105.000 HCA Incorporated | 5,38 | 01.09.2026 | 117.994 | 0,13 |
| 205.000 Tenet Healthcare Corporation | 4,25 | 01.06.2029 | 208.175 | 0,23 |
| 450.000 Tenet Healthcare Corporation | 5,13 | 01.11.2027 | 468.563 | 0,51 |
| 70.000 Tenet Healthcare Corporation | 4,88 | 01.01.2026 | 71.899 | 0,08 |
|  |  |  | 2.357.504 | 2,58 |
| Haushaltsprodukte/-waren (0,26 %) |  |  |  |  |
| 245.000 Spectrum Brands Incorporated	3,88 | 15.03.2031 | 241.938 | 0,26 |
|  |  | 241.938 | 0,26 |
| Haushaltswaren (0,56 %) 200.000 Newell Brands Incorporated | 4,88 | 01.06.2025 | 218.000 | 0,24 |
| 95.000 Scotts Miracle-Gro Company | 4,38 | 01.02.2032 | 94.763 | 0,10 |
| 195.000 Scotts Miracle-Gro Company | 4,50 | 15.10.2029 | 203.287 | 0,22 |
|  |  |  | 516.050 | 0,56 |
| Versicherungen (0,86 %) 175.000 Alliant Holdings Intermediate LLC | 6,75 | 15.10.2027 | 181.563 | 0,20 |
| 165.000 AmWINS Group Incorporated | 4,88 | 30.06.2029 | 166.650 | 0,18 |
| 55.000 HUB International Limited | 5,63 | 01.12.2029 | 56.662 | 0,06 |
| 160.000 HUB International Limited | 7,00 | 01.05.2026 | 164.400 | 0,18 |
| 215.000 USI Incorporated | 6,88 | 01.05.2025 | 216.612 | 0,24 |
|  |  |  | 785.887 | 0,86 |
| Internet (2,03 %) 90.000 Arches Buyer Incorporated | 6,13 | 01.12.2028 | 90.562 | 0,10 |
| 225.000 Arches Buyer Incorporated | 4,25 | 01.06.2028 | 224.883 | 0,25 |
| 75.000 Match Group Holdings II LLC | 3,63 | 01.10.2031 | 72.844 | 0,08 |
| 265.000 Match Group Holdings II LLC | 4,63 | 01.06.2028 | 275.706 | 0,30 |
| 125.000 Millennium Escrow Corporation | 6,63 | 01.08.2026 | 125.313 | 0,14 |
| 95.000 Netflix Incorporated | 4,88 | 15.06.2030 | 110.794 | 0,12 |
| 320.000 EUR Netflix Incorporated | 4,63 | 15.05.2029 | 454.149 | 0,49 |
| 175.000 USD Netflix Incorporated | 5,88 | 15.11.2028 | 210.438 | 0,23 |
| 275.000 TripAdvisor Incorporated	7,00 | 15.07.2025 | 290.125 | 0,32 |
|  |  | 1.854.814 | 2,03 |
| Investmentgesellschaften (0,32 %) 160.000 Icahn Enterprises LP | 4,38 | 01.02.2029 | 156.000 | 0,17 |
| 135.000 Icahn Enterprises LP | 5,25 | 15.05.2027 | 138.838 | 0,15 |
|  |  |  | 294.838 | 0,32 |
| Eisen/Stahl (0,64 %) 320.000 Big River Steel LLC | 6,63 | 31.01.2029 | 346.000 | 0,38 |
| 240.000 TMS International Corporation | 6,25 | 15.04.2029 | 238.800 | 0,26 |
|  |  |  | 584.800 | 0,64 |
| Freizeit (0,48 %) 230.000 Constellation Merger Sub Incorporated | 8,50 | 15.09.2025 | 218.500 | 0,24 |
| 230.000 MajorDrive Holdings IV LLC | 6,38 | 01.06.2029 | 222.525 | 0,24 |
|  |  |  | 441.025 | 0,48 |
| Logis (0,90 %) 190.000 Boyd Gaming Corporation | 4,75 | 15.06.2031 | 193.800 | 0,21 |
| 210.000 Full House Resorts Incorporated | 8,25 | 15.02.2028 | 220.500 | 0,24 |
| 60.000 Station Casinos LLC | 4,63 | 01.12.2031 | 60.492 | 0,07 |
| 145.000 Station Casinos LLC | 4,50 | 15.02.2028 | 145.827 | 0,16 |
| 205.000 Sugarhouse HSP Gaming Prop Mezz LP | 5,88 | 15.05.2025 | 203.975 | 0,22 |
|  |  |  | 824.594 | 0,90 |

Anlagenverzeichnis Forts.

## 31. Dezember 2021
US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (57,73 %) (30. Juni 2021: 60,94 %) 
Forts.
| Kapitalbetrag | Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- | --- |
| Maschinen (0,96 %) 285.000 USD Granite US Holdings Corporation | 11,00 | 01.10.2027 | 309.937 USD | 0,34 |
| 70.000 Middleby Corporation | 1,00 | 01.09.2025 | 111.869 | 0,12 |
| 270.000 OT Merger Corporation | 7,88 | 15.10.2029 | 265.613 | 0,30 |
| 175.000 Stevens Holding Company Incorporated | 6,13 | 01.10.2026 | 186.594 | 0,20 |
|  |  |  | 874.013 | 0,96 |
| Maschinenbau und Bergbau (0,21 %) 100.000 Terex Corporation | 5,00 | 15.05.2029 | 102.750 | 0,11 |
| 90.000 Vertiv Group Corporation | 4,13 | 15.11.2028 | 90.900 | 0,10 |
|  |  |  | 193.650 | 0,21 |
| Medien (5,54 %) 200.000 Audacy Capital Corporation | 6,75 | 31.03.2029 | 195.393 | 0,21 |
| 140.000 Beasley Mezzanine Holdings LLC | 8,63 | 01.02.2026 | 138.250 | 0,15 |
| 275.000 CCO Holdings LLC | 4,50 | 01.05.2032 | 282.906 | 0,31 |
| 145.000 CCO Holdings LLC | 4,75 | 01.03.2030 | 150.800 | 0,16 |
| 615.000 CCO Holdings LLC | 5,38 | 01.06.2029 | 663.667 | 0,74 |
| 130.000 Cengage Learning Incorporated | 9,50 | 15.06.2024 | 130.813 | 0,14 |
| 95.000 Clear Channel Worldwide Holdings Incorporated | 5,13 | 15.08.2027 | 98.302 | 0,11 |
| 160.000 Directv Financing LLC | 5,88 | 15.08.2027 | 163.794 | 0,18 |
| 195.000 DISH DBS Corporation | 5,13 | 01.06.2029 | 177.450 | 0,19 |
| 165.000 DISH DBS Corporation | 5,75 | 01.12.2028 | 166.650 | 0,18 |
| 90.000 DISH DBS Corporation | 5,25 | 01.12.2026 | 91.421 | 0,10 |
| 110.000 DISH DBS Corporation | 7,75 | 01.07.2026 | 116.050 | 0,13 |
| 135.000 DISH DBS Corporation | 5,88 | 15.11.2024 | 138.680 | 0,15 |
| 105.000 DISH Network Corporation | 3,38 | 15.08.2026 | 99.388 | 0,11 |
| 210.000 Gray Escrow II Incorporated | 5,38 | 15.11.2031 | 216.037 | 0,24 |
| 90.000 iHeartCommunications Incorporated | 5,25 | 15.08.2027 | 93.609 | 0,10 |
| 125.456 iHeartCommunications Incorporated | 8,38 | 01.05.2027 | 132.356 | 0,14 |
| 280.000 McGraw-Hill Education Incorporated | 5,75 | 01.08.2028 | 277.199 | 0,30 |
| 155.000 News Corporation | 3,88 | 15.05.2029 | 156.550 | 0,17 |
| 115.000 Scripps Escrow II Incorporated | 5,38 | 15.01.2031 | 116.869 | 0,13 |
| 45.000 Sinclair Television Group Incorporated | 4,13 | 01.12.2030 | 42.638 | 0,05 |
| 280.000 Sirius XM Radio Incorporated | 3,88 | 01.09.2031 | 274.526 | 0,30 |
| 285.000 Sirius XM Radio Incorporated | 4,00 | 15.07.2028 | 286.593 | 0,32 |
| 145.000 Spanish Broadcasting System Incorporated | 9,75 | 01.03.2026 | 149.169 | 0,16 |
| 175.000 Townsquare Media Incorporated | 6,88 | 01.02.2026 | 185.719 | 0,20 |
| 90.000 Univision Communications Incorporated | 4,50 | 01.05.2029 | 90.900 | 0,10 |
| 45.000 Univision Communications Incorporated | 6,63 | 01.06.2027 | 48.488 | 0,05 |
| 150.000 Univision Communications Incorporated | 9,50 | 01.05.2025 | 160.313 | 0,18 |
| 215.000 Urban One Incorporated | 7,38 | 01.02.2028 | 221.450 | 0,24 |
|  |  |  | 5.065.980 | 5,54 |
| Medizintechnik (0,23 %) 145.000 Mozart Debt Merger Sub Incorporated | 5,25 | 01.10.2029 | 146.977 | 0,16 |
| 65.000 Mozart Debt Merger Sub Incorporated | 3,88 | 01.04.2029 | 64.771 | 0,07 |
|  |  |  | 211.748 | 0,23 |
| Metallverarbeitung/Metallwaren (0,28 %) 210.000 Park-Ohio Industries Incorporated | 6,63 | 15.04.2027 | 203.805 | 0,22 |
| 55.000 Roller Bearing Company of America Inc | 4,38 | 15.10.2029 | 56.100 | 0,06 |
|  |  |  | 259.905 | 0,28 |
| Bergbau (1,03 %) 140.000 Coeur Mining Incorporated | 5,13 | 15.02.2029 | 128.303 | 0,14 |
| 260.000 Compass Minerals International Incorporated | 6,75 | 01.12.2027 | 275.296 | 0,31 |
| 365.000 Freeport-McMoRan Incorporated | 5,45 | 15.03.2043 | 458.838 | 0,50 |
| 40.000 Novelis Corporation | 3,88 | 15.08.2031 | 39.750 | 0,04 |
| 40.000 Novelis Corporation | 3,25 | 15.11.2026 | 40.350 | 0,04 |
|  |  |  | 942.537 | 1,03 |


## 31. Dezember 2021
US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (57,73 %) (30. Juni 2021: 60,94 %) 
Forts.
| Kapitalbetrag	Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- |
| Sonstige Fertigungsunternehmen (0,26 %) 230.000 USD Amsted Industries Incorporated	4,63 | 15.05.2030 | 235.750 USD | 0,26 |
|  |  | 235.750 | 0,26 |
| Öl- und Erdgasversorgungsbetriebe (8,14 %) 88.000 Antero Resources Corporation | 7,63 | 01.02.2029 | 97.680 | 0,11 |
| 71.000 Antero Resources Corporation | 8,38 | 15.07.2026 | 80.838 | 0,09 |
| 215.000 Apache Corporation | 5,10 | 01.09.2040 | 242.950 | 0,27 |
| 115.000 Apache Corporation | 4,38 | 15.10.2028 | 125.119 | 0,14 |
| 65.000 Apache Corporation | 4,63 | 15.11.2025 | 69.794 | 0,08 |
| 135.000 Callon Petroleum Company | 8,00 | 01.08.2028 | 136.350 | 0,15 |
| 110.000 Callon Petroleum Company | 9,00 | 01.04.2025 | 118.800 | 0,13 |
| 230.000 Callon Petroleum Company | 6,13 | 01.10.2024 | 226.550 | 0,25 |
| 285.000 Centennial Resource Production LLC | 6,88 | 01.04.2027 | 290.700 | 0,32 |
| 225.000 Centennial Resource Production LLC | 5,38 | 15.01.2026 | 220.500 | 0,24 |
| 195.000 Comstock Resources Incorporated | 5,88 | 15.01.2030 | 199.875 | 0,22 |
| 105.000 Comstock Resources Incorporated | 6,75 | 01.03.2029 | 113.883 | 0,12 |
| 210.000 Continental Resources Incorporated | 4,90 | 01.06.2044 | 232.838 | 0,25 |
| 315.000 Continental Resources Incorporated | 2,88 | 01.04.2032 | 308.149 | 0,34 |
| 175.000 CrownRock LP | 5,00 | 01.05.2029 | 181.563 | 0,20 |
| 140.000 Devon Energy Corporation | 7,95 | 15.04.2032 | 196.153 | 0,21 |
| 160.000 Devon Energy Corporation | 7,88 | 30.09.2031 | 224.000 | 0,24 |
| 260.000 Encino Acquisition Partners Holdings LLC | 8,50 | 01.05.2028 | 270.075 | 0,30 |
| 145.000 Endeavor Energy Resources LP | 6,63 | 15.07.2025 | 153.414 | 0,17 |
| 165.000 EQT Corporation | 7,50 | 01.02.2030 | 212.025 | 0,23 |
| 305.000 Nabors Industries Incorporated | 0,75 | 15.01.2024 | 265.350 | 0,29 |
| 95.000 Oasis Petroleum Incorporated | 6,38 | 01.06.2026 | 99.513 | 0,11 |
| 505.000 Occidental Petroleum Corporation | 6,20 | 15.03.2040 | 621.149 | 0,67 |
| 525.000 Occidental Petroleum Corporation | 6,45 | 15.09.2036 | 669.377 | 0,72 |
| 115.000 Ovintiv Incorporated | 6,63 | 15.08.2037 | 150.546 | 0,16 |
| 240.000 Ovintiv Incorporated | 7,38 | 01.11.2031 | 312.842 | 0,34 |
| 170.000 PBF Holding Company LLC | 9,25 | 15.05.2025 | 161.713 | 0,18 |
| 205.000 Rockcliff Energy II LLC | 5,50 | 15.10.2029 | 211.150 | 0,23 |
| 165.000 SM Energy Company | 6,50 | 15.07.2028 | 170.775 | 0,19 |
| 175.000 SM Energy Company | 6,75 | 15.09.2026 | 179.813 | 0,20 |
| 55.000 SM Energy Company | 10,00 | 15.01.2025 | 60.535 | 0,07 |
| 190.000 Southwestern Energy Company | 5,38 | 15.03.2030 | 203.581 | 0,22 |
| 320.000 Southwestern Energy Company | 5,38 | 01.02.2029 | 338.400 | 0,37 |
| 175.000 USA Compression Partners LP | 6,88 | 01.04.2026 | 182.000 | 0,20 |
| 115.000 Viper Energy Partners LP | 5,38 | 01.11.2027 | 118.738 | 0,13 |
|  |  |  | 7.446.738 | 8,14 |
| Verpackungen und Container (0,47 %) 115.000 Graphic Packaging International LLC | 3,75 | 01.02.2030 | 116.231 | 0,13 |
| 210.000 Mauser Packaging Solutions Holding Company | 7,25 | 15.04.2025 | 210.531 | 0,23 |
| 65.000 Mauser Packaging Solutions Holding Company | 8,50 | 15.04.2024 | 66.950 | 0,07 |
| 35.000 Pactiv Evergreen Group Issuer LLC | 4,38 | 15.10.2028 | 34.738 | 0,04 |
|  |  |  | 428.450 | 0,47 |
| Pharma (0,71 %) 160.000 Elanco Animal Health Incorporated | 5,90 | 28.08.2028 | 185.600 | 0,20 |
| 55.000 Option Care Health Incorporated | 4,38 | 31.10.2029 | 55.138 | 0,06 |
| 210.000 Organon & Company | 4,13 | 30.04.2028 | 213.412 | 0,24 |
| 190.000 Owens & Minor Incorporated | 4,50 | 31.03.2029 | 194.750 | 0,21 |
|  |  |  | 648.900 | 0,71 |
| Pipelines (2,65 %) 115.000 Antero Midstream Partners LP | 7,88 | 15.05.2026 | 126.735 | 0,14 |
| 100.000 Buckeye Partners LP | 5,85 | 15.11.2043 | 98.126 | 0,11 |

Anlagenverzeichnis Forts.

## 31. Dezember 2021
US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (57,73 %) (30. Juni 2021: 60,94 %) 
Forts.
| Kapitalbetrag	Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- |
| Pipelines (2,65 %)  Forts. 105.000 USD Buckeye Partners LP | 4,50 | 01.03.2028 | 105.788 USD | 0,12 |
| 20.000 Cheniere Energy Partners LP | 3,25 | 31.01.2032 | 20.150 | 0,02 |
| 200.000 Cheniere Energy Partners LP | 4,00 | 01.03.2031 | 209.790 | 0,23 |
| 145.000 DCP Midstream Operating LP | 6,75 | 15.09.2037 | 193.756 | 0,21 |
| 80.000 DT Midstream Incorporated | 4,38 | 15.06.2031 | 83.200 | 0,09 |
| 60.000 DT Midstream Incorporated | 4,13 | 15.06.2029 | 61.425 | 0,07 |
| 260.000 Energy Transfer LP | 6,63 | 31.12.2099 | 246.329 | 0,27 |
| 285.000 EnLink Midstream LLC | 5,63 | 15.01.2028 | 296.399 | 0,32 |
| 75.000 Hess Midstream Operations LP | 4,25 | 15.02.2030 | 74.438 | 0,08 |
| 90.000 Hess Midstream Operations LP | 5,63 | 15.02.2026 | 92.700 | 0,10 |
| 255.000 Holly Energy Partners LP | 5,00 | 01.02.2028 | 254.043 | 0,28 |
| 205.000 Rattler Midstream LP | 5,63 | 15.07.2025 | 213.200 | 0,23 |
| 80.000 Tallgrass Energy Partners LP | 6,00 | 31.12.2030 | 80.000 | 0,09 |
| 160.000 Tallgrass Energy Partners LP | 5,50 | 15.01.2028 | 160.000 | 0,17 |
| 105.000 Venture Global Calcasieu Pass LLC | 3,88 | 01.11.2033 | 109.988 | 0,12 |
|  |  |  | 2.426.067 | 2,65 |
| Immobilien (1,60 %) 185.000 Blackstone Mortgage Trust Incorporated | 3,75 | 15.01.2027 | 184.404 | 0,20 |
| 335.000 iStar Incorporated | 5,50 | 15.02.2026 | 346.725 | 0,38 |
| 135.000 Ladder Capital Finance Holdings LLLP | 4,75 | 15.06.2029 | 138.375 | 0,15 |
| 110.000 Ladder Capital Finance Holdings LLLP | 4,25 | 01.02.2027 | 110.138 | 0,12 |
| 115.000 Ladder Capital Finance Holdings LLLP | 5,25 | 01.10.2025 | 116.150 | 0,13 |
| 270.000 Realogy Group LLC | 5,75 | 15.01.2029 | 276.750 | 0,30 |
| 95.000 Service Properties Trust | 7,50 | 15.09.2025 | 102.926 | 0,11 |
| 130.000 Starwood Property Trust Incorporated | 4,75 | 15.03.2025 | 135.200 | 0,15 |
| 55.000 Starwood Property Trust Incorporated | 3,75 | 31.12.2024 | 55.592 | 0,06 |
|  |  |  | 1.466.260 | 1,60 |
| Einzelhandel (2,24 %) 20.000 Asbury Automotive Group Incorporated | 5,00 | 15.02.2032 | 20.754 | 0,02 |
| 35.000 Asbury Automotive Group Incorporated | 4,63 | 15.11.2029 | 35.656 | 0,04 |
| 200.000 Bath & Body Works Incorporated | 6,75 | 01.07.2036 | 246.999 | 0,27 |
| 155.000 Bath & Body Works Incorporated | 6,63 | 01.10.2030 | 175.538 | 0,19 |
| 150.000 BCPE Ulysses Intermediate Incorporated | 7,75 | 01.04.2027 | 148.125 | 0,16 |
| 127.000 KFC Holding Company | 4,75 | 01.06.2027 | 131.286 | 0,14 |
| 150.000 LBM Acquisition LLC | 6,25 | 15.01.2029 | 148.313 | 0,16 |
| 250.000 PetSmart Incorporated | 7,75 | 15.02.2029 | 271.563 | 0,31 |
| 229.000 Rite Aid Corporation | 8,00 | 15.11.2026 | 233.579 | 0,26 |
| 230.000 Staples Incorporated | 7,50 | 15.04.2026 | 236.325 | 0,26 |
| 110.000 Victoria's Secret & Company | 4,63 | 15.07.2029 | 112.200 | 0,12 |
| 285.000 Yum! Brands Incorporated | 3,63 | 15.03.2031 | 283.931 | 0,31 |
|  |  |  | 2.044.269 | 2,24 |
| Halbleiter (0,44 %) 285.000 Microchip Technology Incorporated | 4,25 | 01.09.2025 | 295.994 | 0,32 |
| 75.000 ON Semiconductor Corporation	- | 01.05.2027 | 109.125 | 0,12 |
|  |  | 405.119 | 0,44 |
| Software (1,44 %) 140.000 Avalara Incorporated | 0,25 | 01.08.2026 | 129.220 | 0,14 |
| 135.000 Black Knight InfoServ LLC | 3,63 | 01.09.2028 | 134.823 | 0,15 |
| 140.000 Clarivate Science Holdings Corporation | 4,88 | 01.07.2029 | 141.977 | 0,16 |
| 235.000 Rocket Software Incorporated | 6,50 | 15.02.2029 | 229.124 | 0,25 |
| 101.000 Splunk Incorporated | 1,13 | 15.06.2027 | 94.183 | 0,10 |
| 105.000 Twilio Incorporated | 3,88 | 15.03.2031 | 106.019 | 0,12 |
| 200.000 Twilio Incorporated | 3,63 | 15.03.2029 | 201.766 | 0,22 |
| 285.000 ZoomInfo Technologies LLC | 3,88 | 01.02.2029 | 282.548 | 0,30 |
|  |  |  | 1.319.660 | 1,44 |


## 31. Dezember 2021
| US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (57,73 %) (30. Juni 2021: 60,94 %)  Forts. |
| --- |
| Kapitalbetrag	Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| Telekommunikation (2,70 %) 386.000 USD CommScope Technologies LLC | 6,00 | 15.06.2025 | 386.000 USD | 0,43 |
| 215.000 Embarq Corporation | 8,00 | 01.06.2036 | 240.800 | 0,26 |
| 190.000 Frontier Communications Holdings LLC | 6,75 | 01.05.2029 | 197.600 | 0,22 |
| 95.000 Level 3 Financing Incorporated | 3,63 | 15.01.2029 | 90.250 | 0,10 |
| 150.000 Level 3 Financing Incorporated | 4,25 | 01.07.2028 | 148.500 | 0,16 |
| 45.000 Level 3 Financing Incorporated | 4,63 | 15.09.2027 | 45.900 | 0,05 |
| 270.000 Plantronics Incorporated | 4,75 | 01.03.2029 | 257.513 | 0,28 |
| 555.000 Sprint Capital Corporation | 6,88 | 15.11.2028 | 702.074 | 0,77 |
| 240.000 T-Mobile USA Incorporated | 2,88 | 15.02.2031 | 237.024 | 0,26 |
| 145.000 T-Mobile USA Incorporated | 4,75 | 01.02.2028 | 152.613 | 0,17 |
|  |  |  | 2.458.274 | 2,70 |
| Spielzeug/Spiele/Hobbys (0,21 %) |  |  |  |  |
| 150.000 Mattel Incorporated | 3,75 | 01.04.2029 | 155.437 | 0,17 |
| 40.000 Mattel Incorporated | 3,38 | 01.04.2026 | 41.021 | 0,04 |
|  |  |  | 196.458 | 0,21 |
| Transport (0,44 %) |  |  |  |  |
| 375.000 Watco Companies LLC	6,50 | 15.06.2027 | 390.000 | 0,44 |
|  |  | 390.000 | 0,44 |
| Summe US-Unternehmensanleihen und -Schuldverschreibungen | 52.793.403 USD | 57,73 |
| AUSLÄNDISCHE STAATSANLEIHEN UND SCHULDVERSCHREIBUNGEN VON BEHÖRDEN (0,05 %) (30. Juni 2021: 0,04 %) |
| Kapitalbetrag	Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| 30.000 CHF Swiss Confederation Government Bond (Switzerland) | 4,00 | 08.04.2028 | 41.809 USD | 0,05 |
| Summe ausländischer Staatsanleihen und Schuldverschreibungen von Behörden |  |  | 41.809 USD | 0,05 |
| WANDELBARE VORZUGSAKTIEN (1,16 %) (30. Juni 2021: 1,37 %) |  |  |  |  |
| Anzahl von Anteilen |  |  | Wert USD | % vom Teilfonds |
| Autoteile und Ausrüstung (0,15 %) 760 Aptiv PLC (Jersey) | 139.635 USD | 0,15 |  |
|  | 139.635 | 0,15 |  |
| Stromversorgungsbetriebe (0,25 %) |  |  |  |
| 1.983 PG&E Corporation | 228.937 | 0,25 |  |
|  | 228.937 | 0,25 |  |
| Medizintechnik (0,16 %) |  |  |  |

68 Danaher Corporation	149.110	0,16
149.110	0,16
Private Equity (0,15 %)
1.447 KKR & Company Incorporated	134.600	0,15
134.600	0,15
Halbleiter (0,30 %)
132 Broadcom Incorporated	273.611	0,30
| 273.611 | 0,30 |
| --- | --- |
| Software (0,15 %) 1.510 Clarivate PLC (Jersey) | 136.338 | 0,15 |
|  | 136.338 | 0,15 |
| Summe wandelbare Vorzugsaktien | 1.062.231 USD | 1,16 |

Anlagenverzeichnis Forts.

## 31. Dezember 2021
US-AMERIKANISCHE SCHATZOBLIGATIONEN (2,87 %) (30. Juni 2021: 2,27 %)
| Kapital- betrag | Zins (%) | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- | --- |
| 500.000 USD United States Treasury Bill | 0,09 | 19.05.2022 | 499.828 USD | 0,55 |
| 725.000 United States Treasury Bill | 0,04 | 21.04.2022 | 724.920 | 0,79 |
| 1.400.000 United States Treasury Bill | 0,08 | 17.02.2022 | 1.399.928 | 1,53 |
| Summe US-amerikanischer Schatzobligationen |  |  | 2.624.676 USD | 2,87 |
| Gesamtwert der Kapitalanlagen ohne derivative Finanzinstrumente |  |  | 89.527.027 USD | 97,90 |

- Dieses Wertpapier wird vom Anlageberater zum beizulegenden Zeitwert bewertet. In Bezug auf den Financial Reporting Standard 102 („FRS 102“)„Beizulegender Zeitwert: Angaben“ können Wertpapiere basierend auf ihren Bewertungsparametern in Level 2 oder Level 3 eingestuft werden. Siehe Anmerkung 2 im Anhang zum Abschluss in Bezug auf die Bewertung von Anlagen.

DEVISENTERMINKONTRAKTE (1,10 %) (30. Juni 2021: -1,57 %)
Kontrahent	Währung	Kontrakttyp*	Liefertermin
Wert USD
Gesamtnennwert
USD
Nicht realisierter Wertzuwachs/ (Wertverlust)
USD
% vom Teilfonds
| Bank of America, N.A. Pfund Sterling | Kauf | 19.01.2022 | 246.609 USD | 241.178 USD | 5.431 USD | 0,01 |
| --- | --- | --- | --- | --- | --- | --- |
| Pfund Sterling | Kauf | 19.01.2022 | 14.710.338 | 14.488.639 | 221.700 | 0,23 |
| Pfund Sterling | Verkauf | 16.03.2022 | 2.057.312 | 2.024.534 | (32.778) | (0,04) |
| Pfund Sterling | Verkauf | 19.01.2022 | 246.609 | 242.893 | (3.716) | - |
| Euro | Kauf | 16.03.2022 | 1.723.826 | 1.718.441 | 5.385 | 0,01 |
| Euro | Verkauf | 16.03.2022 | 222.334 | 220.676 | (1.658) | - |
| Barclays Bank PLC Pfund Sterling | Kauf | 19.01.2022 | 164.587 | 162.082 | 2.505 | - |
| Pfund Sterling | Kauf | 19.01.2022 | 506.754 | 499.042 | 7.712 | 0,01 |
| Pfund Sterling | Verkauf | 19.01.2022 | 164.587 | 160.959 | (3.628) | - |
| Euro | Verkauf | 16.03.2022 | 10.109.677 | 10.076.071 | (33.606) | (0,05) |
| Citibank, N.A. Pfund Sterling | Kauf | 19.01.2022 | 361.251 | 355.834 | 5.417 | 0,01 |
| Pfund Sterling | Kauf | 19.01.2022 | 21.238.446 | 20.919.931 | 318.516 | 0,34 |
| Pfund Sterling | Kauf | 19.01.2022 | 461.953 | 455.025 | 6.928 | 0,01 |
| Euro | Kauf | 16.03.2022 | 268.853 | 267.947 | 906 | - |
| Goldman Sachs International Pfund Sterling | Kauf | 19.01.2022 | 188.814 | 185.982 | 2.832 | - |
| Pfund Sterling | Kauf | 19.01.2022 | 13.888.353 | 13.679.996 | 208.358 | 0,23 |
| Pfund Sterling | Verkauf | 19.01.2022 | 58.336 | 57.051 | (1.285) | - |
| Euro | Kauf | 16.03.2022 | 232.481 | 231.733 | 748 | - |
| Euro | Kauf | 19.01.2022 | 1.515.680 | 1.509.388 | 6.292 | 0,01 |
| Euro | Kauf | 19.01.2022 | 210.343 | 209.470 | 873 | - |
| HSBC Bank Pfund Sterling | Kauf | 19.01.2022 | 40.064 | 39.716 | 348 | - |
| Pfund Sterling | Kauf | 19.01.2022 | 10.828 | 10.665 | 163 | - |
| Euro | Kauf | 19.01.2022 | 1.346.449 | 1.340.025 | 6.424 | 0,01 |
| Euro | Kauf | 19.01.2022 | 21.182 | 21.081 | 101 | - |
| JPMorgan Chase Bank, N.A. Pfund Sterling | Kauf | 16.03.2022 | 521.500 | 513.220 | 8.280 | 0,01 |
| Pfund Sterling | Kauf | 19.01.2022 | 38.710 | 37.913 | 797 | - |
| Pfund Sterling | Kauf | 19.01.2022 | 404.022 | 397.945 | 6.077 | 0,01 |
| Pfund Sterling | Kauf | 19.01.2022 | 6.328.059 | 6.232.867 | 95.192 | 0,10 |
| Euro | Kauf | 19.01.2022 | 1.491.992 | 1.484.953 | 7.039 | 0,01 |
| Euro | Kauf | 19.01.2022 | 228.907 | 227.826 | 1.081 | - |
| Euro | Verkauf | 16.03.2022 | 33.521 | 33.413 | (108) | - |
| Schweizer Franken | Verkauf | 16.03.2022 | 47.608 | 47.257 | (351) | - |
| Morgan Stanley & Co. International PLC Pfund Sterling | Kauf | 16.03.2022 | 598.493 | 588.927 | 9.566 | 0,01 |
| Pfund Sterling | Kauf | 19.01.2022 | 932.161 | 918.085 | 14.076 | 0,02 |
| Pfund Sterling | Kauf | 19.01.2022 | 224.953 | 223.323 | 1.630 | - |
| Pfund Sterling | Kauf | 19.01.2022 | 2.592.646 | 2.553.496 | 39.150 | 0,04 |


## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (1,10 %) (30. Juni 2021: -1,57 %) 
Forts.
| Kontrahent | Währung | Kontrakttyp* | Liefertermin | Wert USD | Gesamtnennwert USD | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teilfonds |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Morgan Stanley & Co. International PLC  Forts. Pfund Sterling | Kauf | 19.01.2022 | 491.730 USD | 488.167 USD | 3.563 USD | - |
| Pfund Sterling | Verkauf | 19.01.2022 | 16.919 | 16.847 | (72) | - |
| Euro | Kauf | 16.03.2022 | 5.210.814 | 5.194.352 | 16.462 | 0,02 |
| Euro | Kauf | 19.01.2022 | 1.858.812 | 1.850.050 | 8.762 | 0,01 |
| Euro | Kauf | 19.01.2022 | 5.239 | 5.214 | 25 | - |
| Euro | Verkauf | 19.01.2022 | 421.370 | 418.497 | (2.873) | - |
| NatWest Markets PLC Pfund Sterling | Kauf | 19.01.2022 | 924.446 | 910.457 | 13.989 | 0,02 |
| Pfund Sterling | Kauf | 19.01.2022 | 1.945.804 | 1.916.360 | 29.444 | 0,03 |
| Euro | Kauf | 19.01.2022 | 5.239 | 5.214 | 25 | - |
| Euro | Verkauf | 16.03.2022 | 457.779 | 456.320 | (1.459) | - |
| State Street Bank & Trust Company Pfund Sterling | Kauf | 16.03.2022 | 5.277 | 5.234 | 43 | - |
| Pfund Sterling | Kauf | 19.01.2022 | 1.139.248 | 1.121.979 | 17.269 | 0,02 |
| Pfund Sterling | Kauf | 19.01.2022 | 4.139.300 | 4.076.556 | 62.744 | 0,07 |
| Pfund Sterling | Kauf | 19.01.2022 | 1.760 | 1.722 | 38 | - |
| Pfund Sterling | Kauf | 19.01.2022 | 23.686 | 23.327 | 359 |  |
| Pfund Sterling | Verkauf | 16.03.2022 | 3.112 | 3.045 | (67) |  |
| Pfund Sterling | Verkauf | 19.01.2022 | 59.690 | 58.322 | (1.368) | - |
| Pfund Sterling | Verkauf | 19.01.2022 | 18.814 | 18.416 | (398) | - |
| Pfund Sterling | Verkauf | 19.01.2022 | 406 | 400 | (6) | - |
| Pfund Sterling | Verkauf | 19.01.2022 | 23.686 | 23.165 | (521) | - |
| Pfund Sterling | Verkauf | 19.01.2022 | 74.308 | 73.340 | (968) | - |
| Euro | Kauf | 19.01.2022 | 25.282 | 25.161 | 121 | - |
| Euro | Verkauf | 16.03.2022 | 400.999 | 399.672 | (1.327) | - |
| Euro | Verkauf | 16.03.2022 | 138.531 | 137.787 | (744) | - |
| Euro | Verkauf | 16.03.2022 | 117.324 | 116.143 | (1.181) | - |
| Euro | Verkauf | 19.01.2022 | 17.083 | 17.032 | (51) | - |
| UBS AG Euro | Kauf | 19.01.2022 | 92.018 | 91.662 | 356 | - |
| Euro | Kauf | 19.01.2022 | 3.417 | 3.400 | 17 | - |
| Euro | Kauf | 19.01.2022 | 7.402 | 7.374 | 28 | - |
| Euro | Verkauf | 16.03.2022 | 11.684.255 | 11.646.522 | (37.733) | (0,05) |
| Nicht realisierter Wertzuwachs aus Devisenterminkontrakten |  |  |  |  | 1.136.772 USD | 1,24 |
| Nicht realisierter Wertverlust aus Devisenterminkontrakten | (125.898) USD | (0,14) |
| Nicht realisierter Wertzuwachs aus Devisenterminkontrakten, netto | 1.010.874 USD | 1,10 |
| Summe finanzieller Vermögenswerte, erfolgswirksam zum beizulegenden Zeitwert | 90.663.799 USD | 99,14 |
| Summe finanzieller Verbindlichkeiten, erfolgswirksam zum beizulegenden Zeitwert | (125.898) USD | (0,14) |
| Analyse des Gesamtvermögens |  | % des Gesamt- vermö- gens |
| Übertragbare Wertpapiere, die an einer amtlichen Börse zur Notierung zugelassen wurden |  | 41,87 |
| Übertragbare Wertpapiere, die an einem anderen geregelten Markt gehandelt werden |  | 37,65 |
| Sonstige übertragbare Wertpapiere gemäß Vorschrift 68 (1) (a), (b) und (c) |  | 17,32 |
| Im Freiverkehr gehandelte derivative Finanzinstrumente (OTC-Derivate) |  | 1,23 |
| Sonstige Vermögenswerte |  | 1,93 |
| Summe Vermögenswerte |  | 100,00 |


## Anlagenverzeichnis
31. Dezember 2021
NICHT US-AKTIEN (35,26 %)	US-AKTIEN (59,54 %)	
Anzahl von
Wert
% vom
Anzahl von
Wert
% vom
Anteilen
Diversifizierte Finanzdienstleistungen (0,84 %)
USDTeilfonds
Anteilen
Diversifizierte Finanzdienstleistungen (6,28 %)
USDTeilfonds
6.128 Network International Holdings PLC
(United Kingdom)	24.237 USD	0,84
24.237	0,84
Elektronik (2,06 %)
238 Mastercard Incorporated	85.518 USD	2,97
441 Visa Incorporated	95.569	3,31
181.087	6,28
Internet (4,74 %)
| 400 Hoya Corporation (Japan) | 59.310 | 2,06 |  | 41 Amazon.com Incorporated | 136.708 | 4,74 |
| --- | --- | --- | --- | --- | --- | --- |
|  | 59.310 | 2,06 |  |  | 136.708 | 4,74 |

Unterhaltung (1,99 %)
402 Evolution AB (Sweden)	57.220	1,99
57.220	1,99
Internet (9,07 %)
3.600 Alibaba Group Holding Limited (Cayman
Islands)	53.899	1,87
| 414 Baidu Incorporated (Cayman Islands) | 61.599 | 2,14 |
| --- | --- | --- |
| 269 JD.com Incorporated (Cayman Islands) | 18.849 | 0,65 |
| 538 JD.com Incorporated (Cayman Islands) | 18.976 | 0,66 |
| 248 Sea Limited (Cayman Islands) | 55.480 | 1,92 |
| 874 Yandex NV (Netherlands) | 52.877 | 1,83 |
|  | 261.680 | 9,07 |

Medien (3,51 %)
845 Thomson Reuters Corporation (Canada)	101.079	3,51
101.079	3,51
Halbleiter (11,80 %)
3.000 Novatek Microelectronics Corporation
(Taiwan)	58.199	2,02
10.200 Renesas Electronics Corporation (Japan)	125.248	4,35
8.000 Sino-American Silicon Products
Incorporated (Taiwan)	67.977	2,36
Büro- und Geschäftsausstattung (1,55 %)
1.974 Xerox Holdings Corporation	44.691	1,55
44.691	1,55
Halbleiter (10,52 %)
| 765 NVIDIA Corporation | 224.994 | 7,81 |
| --- | --- | --- |
| 1.150 ON Semiconductor Corporation | 78.108 | 2,71 |
|  | 303.102 | 10,52 |

Software (36,45 %)
1.109 Activision Blizzard Incorporated	73.782	2,56
| 207 Adobe Incorporated | 117.381 | 4,07 |
| --- | --- | --- |
| 128 Bill.com Holdings Incorporated | 31.891 | 1,11 |
| 714 Ceridian HCM Holding Incorporated | 74.584 | 2,59 |
| 978 Dynatrace Incorporated | 59.022 | 2,05 |

1.298 Fidelity National Information Services
Incorporated	141.677	4,92
186 Intuit Incorporated	119.639	4,15
799 Microsoft Corporation	268.721	9,31
198 RingCentral Incorporated	37.095	1,29
499 salesforce.com Incorporated	126.811	4,40
1.050.603	36,45
Summe US-Aktien	1.716.191 USD	59,54
| 4.000 Taiwan Semiconductor Manufacturing Company Limited (Taiwan) | 88.571 | 3,07 | Gesamtwert der Kapitalanlagen ohne Finanzinstrumente | derivative 2.732.426 USD | 94,80 |
| --- | --- | --- | --- | --- | --- |
|  | 339.995 | 11,80 |  |  |  |

Software (5,99 %)
5.544 Clarivate PLC (Jersey)	130.395	4,52
1.048 Lightspeed Commerce Incorporated
(Canada)	42.319	1,47
172.714	5,99
Summe Nicht-US-Aktien	1.016.235 USD	35,26
DEVISENTERMINKONTRAKTE (0,41 %)
|  | Gesamtnenn- | Nicht realisierter Wert- zuwachs/(Wert- |  |
| --- | --- | --- | --- |
| Kontrahent | Währung | Kontrakt- typ** | Liefertermin | Wert USD | wert USD | verlust) USD | % vom Teilfonds |
| Bank of America, N.A. |  |  |  |  |  |  |  |
|  | Euro | Verkauf | 19.01.2022 | 11.616 USD | 11.501 USD | (115) USD | - |
|  | Euro | Verkauf | 19.01.2022 | 11.616 | 11.501 | (115) | - |
|  | Singapur-Dollar | Kauf | 16.02.2022 | 10.609 | 10.460 | 149 | 0,01 |
|  | Schwedische Krone | Verkauf | 16.03.2022 | 28.015 | 28.048 | 33 | - |
| Citibank, N.A. |  |  |  |  |  |  |  |
|  | Kanadischer Dollar | Kauf | 19.01.2022 | 7.273 | 7.185 | 88 | - |
|  | Kanadischer Dollar | Verkauf | 19.01.2022 | 95.180 | 94.020 | (1.160) | (0,05) |
| Goldman Sachs International |  |  |  |  |  |  |  |
|  | Kanadischer Dollar | Kauf | 19.01.2022 | 7.273 | 7.204 | 69 | - |
|  | Kanadischer Dollar | Verkauf | 19.01.2022 | 7.273 | 7.184 | (89) | - |
|  | Chinesischer Yuan (Offshore) | Kauf | 16.02.2022 | 14.981 | 14.894 | 87 | - |
|  | Chinesischer Yuan (Offshore) | Verkauf | 16.02.2022 | 169.973 | 168.867 | (1.106) | (0,04) |

| 31. Dezember 2021 |  |
| --- | --- |
| DEVISENTERMINKONTRAKTE (0,41 %)  Forts. |
|  |  |  |  | Gesamtnenn- | Nicht realisierter Wert- zuwachs/(Wert- |  |
| Kontrahent	Währung | Kontrakt- typ** | Liefertermin | Wert USD | wert USD | verlust) USD | % vom Teilfonds |
| JPMorgan Chase Bank, N.A. |  |  |  |  |  |  |
| Pfund Sterling | Kauf | 19.01.2022 | 362.064 USD | 357.542 USD | 4.521 USD | 0,17 |
| Pfund Sterling | Kauf | 19.01.2022 | 28.694 | 28.069 | 624 | 0,02 |
| Pfund Sterling | Kauf | 19.01.2022 | 362.064 | 357.542 | 4.521 | 0,16 |
| Pfund Sterling | Kauf | 19.01.2022 | 25.717 | 25.156 | 560 | 0,02 |
| Pfund Sterling | Verkauf | 16.03.2022 | 120.700 | 118.784 | (1.917) | (0,08) |
| Pfund Sterling | Verkauf | 19.01.2022 | 18.678 | 18.294 | (385) | (0,01) |
| Pfund Sterling | Verkauf | 19.01.2022 | 14.753 | 14.450 | (303) | (0,01) |
| Euro | Kauf | 19.01.2022 | 16.741 | 16.632 | 109 | - |
| Euro | Kauf | 19.01.2022 | 5.466 | 5.419 | 47 | - |
| Euro | Kauf | 19.01.2022 | 13.780 | 13.690 | 90 | - |
| Euro | Kauf | 19.01.2022 | 4.441 | 4.403 | 38 | - |
| Euro | Verkauf | 19.01.2022 | 22.207 | 22.017 | (190) | (0,01) |
| Euro | Verkauf | 19.01.2022 | 18.221 | 18.065 | (156) | (0,01) |
| Singapur-Dollar | Kauf | 16.02.2022 | 11.128 | 10.946 | 182 | 0,01 |
| Singapur-Dollar | Verkauf | 16.02.2022 | 74.186 | 72.995 | (1.192) | (0,05) |
| Morgan Stanley & Company International PLC |  |  |  |  |  |  |
| Pfund Sterling | Kauf | 19.01.2022 | 12.182 | 11.985 | 197 | 0,01 |
| Pfund Sterling | Kauf | 19.01.2022 | 12.317 | 12.118 | 199 | 0,01 |
| Pfund Sterling | Verkauf | 19.01.2022 | 13.535 | 13.235 | (300) | (0,01) |
| Pfund Sterling | Verkauf | 19.01.2022 | 11.099 | 10.842 | (257) | (0,01) |
| Pfund Sterling | Verkauf | 19.01.2022 | 20.167 | 19.700 | (468) | (0,02) |
| Euro | Kauf | 19.01.2022 | 355.887 | 356.213 | (326) | (0,01) |
| Euro | Kauf | 19.01.2022 | 12.072 | 12.015 | 57 | - |
| Euro | Kauf | 19.01.2022 | 13.211 | 13.120 | 91 | - |
| Euro | Kauf | 19.01.2022 | 355.887 | 356.213 | (326) | (0,01) |
| Euro | Kauf | 19.01.2022 | 12.072 | 12.015 | 57 | - |
| Euro | Kauf | 19.01.2022 | 13.211 | 13.120 | 91 | - |
| Euro | Verkauf | 19.01.2022 | 18.108 | 17.935 | (173) | (0,01) |
| Euro | Verkauf | 19.01.2022 | 13.666 | 13.536 | (130) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 8.606 | 8.714 | (108) | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 40.941 | 41.599 | 658 | 0,02 |
| Schweizer Franken | Kauf | 16.03.2022 | 6.047 | 5.982 | 65 | - |
| State Street Bank & Trust Company Pfund Sterling | Kauf | 19.01.2022 | 362.064 | 357.485 | 4.578 | 0,17 |
| Pfund Sterling | Kauf | 19.01.2022 | 14.076 | 13.763 | 313 | 0,01 |
| Pfund Sterling | Kauf | 19.01.2022 | 21.250 | 20.955 | 295 | 0,01 |
| Pfund Sterling | Kauf | 19.01.2022 | 13.400 | 13.293 | 107 | - |
| Pfund Sterling | Kauf | 19.01.2022 | 362.064 | 357.485 | 4.578 | 0,17 |
| Pfund Sterling | Kauf | 19.01.2022 | 11.234 | 10.984 | 250 | 0,01 |
| Pfund Sterling | Kauf | 19.01.2022 | 21.250 | 20.955 | 295 | 0,01 |
| Pfund Sterling | Kauf | 19.01.2022 | 13.400 | 13.293 | 107 | - |
| Pfund Sterling | Verkauf | 19.01.2022 | 19.897 | 19.575 | (322) | (0,01) |
| Pfund Sterling | Verkauf | 19.01.2022 | 18.678 | 18.321 | (358) | (0,01) |
| Pfund Sterling | Verkauf | 19.01.2022 | 11.911 | 11.659 | (252) | (0,01) |
| Pfund Sterling | Verkauf | 19.01.2022 | 22.468 | 22.105 | (364) | (0,01) |
| Pfund Sterling | Verkauf | 19.01.2022 | 18.814 | 18.454 | (361) | (0,01) |
| Pfund Sterling | Verkauf | 19.01.2022 | 11.911 | 11.659 | (252) | (0,01) |
| Euro | Kauf | 19.01.2022 | 355.887 | 356.249 | (362) | (0,01) |
| Euro | Kauf | 19.01.2022 | 20.955 | 20.854 | 101 | - |
| Euro | Kauf | 19.01.2022 | 355.887 | 356.249 | (362) | (0,01) |
| Euro | Kauf | 19.01.2022 | 20.955 | 20.854 | 101 | - |
| Euro | Verkauf | 16.03.2022 | 9.007 | 8.930 | (77) | - |
| Euro | Verkauf | 19.01.2022 | 17.652 | 17.568 | (84) | - |
| Euro | Verkauf | 19.01.2022 | 11.047 | 10.934 | (113) | - |

Anlagenverzeichnis 
Forts.

## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (0,41 %) 
Forts.
|  | Gesamtnenn- | Nicht realisierter Wert- zuwachs/(Wert- |  |
| --- | --- | --- | --- |
| Kontrahent | Währung | Kontrakt- typ** | Liefertermin | Wert USD | wert USD | verlust) USD | % vom Teilfonds |
| State Street Bank & Trust Company  Forts. |
| Euro | Verkauf | 19.01.2022 | 18.335 USD | 18.168 USD | (167) USD | (0,01) |
| Euro | Verkauf | 19.01.2022 | 20.157 | 20.061 | (96) | - |
| Euro | Verkauf | 19.01.2022 | 10.933 | 10.821 | (112) | - |
| Euro | Verkauf | 19.01.2022 | 18.449 | 18.281 | (168) | (0,01) |
| Israelischer Schekel | Kauf | 19.01.2022 | 16.309 | 16.059 | 250 | 0,01 |
| Toronto-Dominion Bank |
| Euro | Kauf | 16.03.2022 | 209.564 | 208.889 | 675 | 0,02 |
| Schwedische Krone | Verkauf | 16.03.2022 | 7.574 | 7.483 | (91) | - |
| UBS AG |  |  |  |  |  |  |  |
| Australischer Dollar | Kauf | 19.01.2022 | 7.640 | 7.446 | 194 | 0,01 |
| Euro | Kauf | 19.01.2022 | 31.090 | 30.970 | 120 | - |
| Euro | Kauf | 19.01.2022 | 28.129 | 28.020 | 109 | - |
| Euro | Verkauf | 19.01.2022 | 5.466 | 5.419 | (47) | - |
| Euro | Verkauf | 19.01.2022 | 4.441 | 4.403 | (38) | - |

Westpac Banking Corporation
Pfund Sterling	Verkauf	16.03.2022	9.878	9.655	(223)	(0,01)
| Nicht realisierter Wertzuwachs aus Devisenterminkontrakten | 24.606 USD | 0,85 |
| --- | --- | --- |
| Nicht realisierter Wertverlust aus Devisenterminkontrakten | (12.665) USD | (0,44) |
| Nicht realisierter Wertzuwachs aus Devisenterminkontrakten, netto | 11.941 USD | 0,41 |
| Summe finanzieller Vermögenswerte, erfolgswirksam zum | 2.757.032 USD | 95,65 |
| Summe finanzieller Verbindlichkeiten, erfolgswirksam zum | (12.665) USD | (0,44) |
| * Der Putnam Global Technology Fund wurde am 30. November 2021 aufgelegt. Für den 30. Juni 2021 liegen keine Vergleichsdaten vor. |  |  |
| ** Die Umtauschwährung für alle aufgeführten Verträge ist der US-Dollar. |  |  |
| Analyse des Gesamtvermögens |  | % des Gesamt- vermögens |
| Übertragbare Wertpapiere, die an einer amtlichen Börse zur Notierung zugelassen wurden |  | 93,91 |
| Im Freiverkehr gehandelte derivative Finanzinstrumente (OTC-Derivate) |  | 0,85 |
| Sonstige Vermögenswerte |  | 5,24 |
| Summe Vermögenswerte |  | 100,00 |


## Anlagenverzeichnis
31. Dezember 2021
NICHT-US-AKTIEN (-%) (30. Juni 2021: - %)
Anzahl von
Wert
% vom Teil-
	Anteilen	USD fonds
Stromversorgungsbetriebe (- %)
14.000 Glow Energy PCL (Thailand) (F)	4 USD	
-
Summe Nicht-US-Aktien	4 USD	
-
HYPOTHEKENOBLIGATIONEN DER US-REGIERUNG UND -BEHÖRDEN (-%) (30. Juni 2021: 70,57 %)
HYPOTHEKENOBLIGATIONEN DER US-BEHÖRDEN (34,32 %) (30. Juni 2021: 9,56 %)
| Kapital- betrag | Zins (%) | Fälligkeits- termin | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- | --- |
| 300.000 USD Fannie Mae Discount Notes | 0,05 | 09.03.2022 | 299.970 USD | 12,11 |
| 300.000 Federal Farm Credit Discount Notes | 0,04 | 24.01.2022 | 299.992 | 12,11 |
| 250.000 Federal Home Loan Bank Discount Notes | 0,05 | 14.02.2022 | 249.985 | 10,10 |
| Summe Hypothekenobligationen der US-Behörden |  | 849.947 USD | 34,32 |
| MBS-ANLEIHEN (-%) (30. Juni 2021: 3,83 %) |  |  |  |
| NICHT US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (-%) (30. Juni 2021: 0,46 %) |  |  |  |
| AUSLÄNDISCHE STAATSANLEIHEN UND SCHULDVERSCHREIBUNGEN VON BEHÖRDEN (-%) (30. Juni 2021: 1,03 %) |  |  |  |
| COMMERCIAL PAPER (- %) (30. Juni 2021: 4,10 %) |  |  |  |
| US-AMERIKANISCHE SCHATZOBLIGATIONEN (44,42 %) (30. Juni 2021: 68,28 %) |  |  |  |
| Kapital-	Zins | Fälligkeits- | Wert | % vom |
| betrag	(%) | termin | USD | Teilfonds |
| 600.000 USD United States Treasury Bill	0,05 | 10.03.2022 | 599.944 USD | 24,23 |
| 500.000 United States Treasury Bill	0,06 | 03.03.2022 | 499.957 | 20,19 |
| Summe US-amerikanischer Schatzobligationen |  | 1.099.901 USD | 44,42 |

(F) Dieses Wertpapier wird vom Anlageberater zum beizulegenden Zeitwert bewertet. In Bezug auf den Financial Reporting Standard 102 („FRS 102“)
„Beizulegender Zeitwert: Angaben“ können Wertpapiere basierend auf ihren Bewertungsparametern in Level 2 oder Level 3 eingestuft werden.
| AUSSTEHENDE GEKAUFTE WÄHRUNGSOPTIONEN (- %) (30. Juni 2021: 0,05 %) |  |
| --- | --- |
| Gesamtwert der Kapitalanlagen ohne derivative Finanzinstrumente |  |  |  | 1.949.852 USD | 78,74 |
| AUSSTEHENDE VERKAUFTE WÄHRUNGSOPTIONEN (- %) (30. Juni 2021: -0,02 %) |  |  |  |  |  |
| OFFENE FUTURES-KONTRAKTE (0,99 %) (30. Juni 2021: 0,56 %) |  |  |  |  |  |
|  |  |  |  | Nicht realisierter Wertzuwachs | % vom |
| Anzahl von Kontrakten | Nennbetrag | Wert | Verfalltermin | USD | Teilfonds |
| S&P 500 Index E-Mini (Long)	3 | 714.927 USD | 713.775 USD | Mär-22 | 14.800 USD | 0,60 |
| U.S. Treasury Note Ultra 10 yr (Long)	4 | 585.750 | 585.750 | Mär-22 | 9.750 | 0,39 |
| Nicht realisierter Wertzuwachs aus ausstehenden Futures-Kontrakten | 24.550 USD | 0,99 |
| Abrechnung des variablen Einschusses bis dato | - USD | - |
| Kumulierter nicht realisierter Wertzuwachs abzgl. der Abrechnung des variablen Einschusses bis dato | 24.550 USD | 0,99 |
| Die Makler für die Futures-Kontrakte im Teilfonds sind BofA Securities Incorporated und JPMorgan Securities Incorporated. |  |  |
| AUSSTEHENDE TBA-VERKAUFSVERPFLICHTUNGEN (-%) (30. Juni 2021: -60,61 %) |  |  |
| AUSSTEHENDE ZENTRAL ABGEWICKELTE ZINSSWAPKONTRAKTE (- %) (30. Juni 2021: - %) |  |  |


## 31. Dezember 2021
AUSSTEHENDE OTC-TOTAL RETURN SWAP-KONTRAKTE (0,28 %) (30. Juni 2021: 0,41 %)
| Swap-Kontrahent/ Nennwert | Wert | Im Voraus erhaltene/ (gezahlte) Prämie | Ablauftermin | Vom Teilfonds vereinnahmte/ (geleistete) Zahlungen | Vom Teilfonds erhaltene oder gezahlte Gesamtrendite | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teil- fonds |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Bank of America N.A. |  |  |  |  |  |  |  |
| 543.211 USD | 558.721 USD | - USD | 12.10.2022 | (Secured Overnight Financing Rate plus | Ein Korb (MLFCF15) an |  |  |
|  |  |  |  | 0,22%) - Vierteljährlich | Stammaktien - Vierteljährlich | 15.634 USD | 0,63 |
| 537.867 | 554.617 | - | 12.10.2022 | Secured Overnight Financing Rate plus | Russell 1000 Total Return Index - |  |  |
|  |  |  |  | 0,05 % - Vierteljährlich | Vierteljährlich | (16.726) | (0,68) |
| Citibank, N.A. |  |  |  |  |  |  |  |
| 2.852 | 3.239 | - | 05.07.2022 | 1-Monats-USD-LIBOR- BBA minus 0,35 % - Monatlich | AAR Corp. – Monatlich | (388) | (0,02) |
| 2.344 | 2.568 | - | 05.07.2022 | 1-Monats-USD-LIBOR- BBA minus 0,35 % - Monatlich | ACI Worldwide, Inc. - Monatlich | (225) | (0,01) |
| 3.280 | 3.889 | - | 05.07.2022 | 1-Monats-USD-LIBOR- BBA minus 0,25 % - Monatlich | Adapt Health Corp. - Monatlich | (610) | (0,02) |
| 4.370 | 4.558 | - | 05.07.2022 | 1-Monats-USD-LIBOR- BBA minus 0,35 % - | Advance Auto Parts Inc. - |  |  |
|  |  |  |  | Monatlich | Monatlich | (207) | (0,01) |
| 1.448 | 1.475 | - | 05.07.2022 | 1-Monats-USD-LIBOR- BBA minus 1,85 % - Monatlich | B&G Foods, Inc. - Monatlich | 691 | 0,03 |
| 8.178 | 9.277 | - | 05.07.2022 | 1-Monats-USD-LIBOR- BBA minus 0,35 % - | Bausch Health Cos, Inc. – |  |  |
|  |  |  |  | Monatlich | Monatlich | (1.100) | (0,04) |

338.516	345.807	-  17.03.2022 (0,22%) - Vierteljährlich	Bloomberg Commodity
IndexSM 3-Monats-ForwardSub- Indices ggü. Bloomberg Commodity IndexSM -
|  | Vierteljährlich | 7.204 | 0,29 |
| --- | --- | --- | --- |
| 3.718 | 3.840 | - | 05.07.2022 | 1-Monats-USD-LIBOR- |  |  |  |
|  |  |  |  | BBA minus 0,35 % - |  |  |  |
|  |  |  |  | Monatlich | Century Link, Inc. - Monatlich | 1.174 | 0,05 |
| 4.109 | 4.033 | - | 05.07.2022 | 1-Monats-USD-LIBOR- |  |  |  |
|  |  |  |  | BBA minus 0,35 % - |  |  |  |
|  |  |  |  | Monatlich | Diversey Holdings Ltd - Monatlich | 75 | - |
| 5.154 | 5.157 | - | 05.07.2022 | 1-Monats-USD-LIBOR- |  |  |  |
|  |  |  |  | BBA minus 0,35 % - |  |  |  |
|  |  |  |  | Monatlich | Dycom Industries, Inc. - Monatlich | (4) | - |
| 509 | 486 | - | 05.07.2022 | 1-Monats-USD-LIBOR- |  |  |  |
|  |  |  |  | BBA minus 1,25 % - |  |  |  |
|  |  |  |  | Monatlich | Ebix, Inc. - Monatlich | 76 | - |
| 8.867 | 8.741 | - | 05.07.2022 | 1-Monats-USD-LIBOR- |  |  |  |
|  |  |  |  | BBA minus 0,35 % - | Elanco Animal Health, Inc. – |  |  |
|  |  |  |  | Monatlich | Monatlich | 125 | 0,01 |
| 3.851 | 3.930 | - | 05.07.2022 | 1-Monats-USD-LIBOR- |  |  |  |
|  |  |  |  | BBA minus 0,35 % - | Energizer Holdings, Inc. – |  |  |
|  |  |  |  | Monatlich | Monatlich | (108) | - |
| 4.019 | 4.149 | - | 05.07.2022 | 1-Monats-USD-LIBOR- |  |  |  |
|  |  |  |  | BBA minus 0,35 % - | First Citizens Bcshs -Cl A - |  |  |
|  |  |  |  | Monatlich | Monatlich | (131) | (0,01) |
| 2.552 | 2.686 | - | 05.07.2022 | 1 Monat USD-LIBOR- | Healthcare Services Group - |  |  |
|  |  |  |  | BBA - Monatlich | Monatlich | (167) | (0,01) |
| 4.691 | 4.645 | - | 05.07.2022 | 1-Monats-USD-LIBOR- |  |  |  |
|  |  |  |  | BBA minus 0,35 % - |  |  |  |
|  |  |  |  | Monatlich | Helen of Troy Ltd - Monatlich | 46 | - |
| 11.411 | 11.302 | - | 05.07.2022 | 1-Monats-USD-LIBOR- |  |  |  |
|  |  |  |  | BBA minus 0,35 % - | L3Harris Technologies Inc - |  |  |
|  |  |  |  | Monatlich | Monatlich | 107 | - |


## 31. Dezember 2021
AUSSTEHENDE OTC-TOTAL RETURN SWAP-KONTRAKTE (0,28 %) (30. Juni 2021: 0,41 %) 
Forts.
| Swap-Kontrahent/ Nennwert | Wert | Im Voraus erhaltene/ (gezahlte) Prämie | Ablauftermin | Vom Teilfonds vereinnahmte/ (geleistete) Zahlungen | Vom Teilfonds erhaltene oder gezahlte Gesamtrendite | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teil- fonds |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Citibank, N.A.  Forts. |  |  |  |  |  |  |  |
| 1.321 USD | 1.357 USD | - USD | 05.07.2022 | 1-Monats-USD-LIBOR- BBA minus 0,35 % - Monatlich | Liveperson Inc. - Monatlich | (37) USD | - |
| 10.209 | 11.780 | - | 05.07.2022 | 1-Monats-USD-LIBOR- BBA minus 0,35 % - Monatlich | Penumbra, Inc. - Monatlich | (1.573) | (0,06) |
| 1.703 | 1.412 | - | 05.07.2022 | 1-Monats-USD-LIBOR- BBA minus 0,35 % - Monatlich | Plug Power, Inc. - Monatlich | 291 | 0,01 |
| 3.544 | 3.621 | - | 05.07.2022 | 1-Monats-USD-LIBOR- BBA minus 0,35 % - |  |  |  |
|  |  |  |  | MonatlichPrimoris Services Corp. - Monatlich | (87) | - |
| 9.192 | 8.915 | - | 05.07.2022 | 1-Monats-USD-LIBOR- BBA minus 0,35 % - Monatlich	Ralph Lauren Corp. - Monatlich | 224 | 0,01 |
| 84.742 | 88.108 | - | 07.02.2022 | (0,13 %) - MonatlichS&P GSCI Capped Components ER - Monatlich | 3.359 | 0,14 |
| 907 | 719 | - | 05.07.2022 | 1-Monats-USD-LIBOR- BBA minus 0,35 % - Monatlich Stitch Fix Inc Class A - Monatlich | 188 | 0,01 |
| 9.081 | 9.511 | - | 05.07.2022 | 1-Monats-USD-LIBOR- BBA minus 1,30 % - Monatlich	Tesla, Inc. - Monatlich | (431) | (0,02) |
| 3.460 | 3.796 | - | 05.07.2022 | 1-Monats-USD-LIBOR- BBA minus 0,35 % - MonatlichUniversal Display Corp. - Monatlich | (341) | (0,01) |
| 1.423 | 1.468 | - | 05.07.2022 | 1-Monats-USD-LIBOR- BBA minus 0,35 % - Monatlich	WD-40 Co. - Monatlich | 306 | 0,01 |
| 712 | 578 | - | 05.07.2022 | 1-Monats-USD-LIBOR- BBA minus 3,25 % - Monatlich	Zynex, Inc. - Monatlich | 133 | 0,01 |
| Goldman Sachs International |  |  |  |  |  |  |
| 705.523 | 723.688 | - | 15.12.2025 | (Secured Overnight Financing Rate plus	Ein Korb (GSGLPWDL) an 0,40 %) - Monatlich		Stammaktien - Monatlich | 18.393 | 0,74 |
| 686.838 | 705.487 | - | 15.12.2025 | Secured Overnight Financing Rate minus	Ein Korb (GSGLPWDS) an 0,25 % - Monatlich		Stammaktien - Monatlich | (19.456) | (0,79) |
| 2.004 | 1.955 | - | 15.12.2025 | 1-Monats-USD-LIBOR- BBA minus 0,50 % - Monatlich	Beyond Meat, Inc. - Monatlich | 47 | - |
| 1.652 | 1.645 | - | 15.12.2025 | 1-Monats-USD-LIBOR- BBA minus 0,35 % -	Bloom Energy Corp. - A - Monatlich		Monatlich | 7 | - |
| 3.617 | 3.312 | - | 15.12.2025 | 1-Monats-USD-LIBOR- BBA minus 0,35 % - Monatlich	First Solar Inc. – Monatlich | 304 | 0,01 |
| 4.617 | 4.948 | - | 15.12.2025 | 1-Monats-USD-LIBOR- BBA minus 0,35 % - Monatlich	New Relic Inc. - Monatlich | (332) | (0,01) |
| 2.416 | 2.467 | - | 15.12.2025 | 1-Monats-USD-LIBOR- BBA minus 0,35 % - Monatlich	Progyny, Inc. - Monatlich | (51) | - |
| JPMorgan Chase Bank N.A. |  |  |  |  |  |  |
| 127.323 | 129.382 | - | 16.12.2022 | (Secured Overnight Financing Rate plus		Ein Korb (JPCMPTFL) an 0,41 %) - Monatlich	Stammaktien – Monatlich | 2.068 | 0,08 |


## 31. Dezember 2021
AUSSTEHENDE OTC-TOTAL RETURN SWAP-KONTRAKTE (0,28 %) (30. Juni 2021: 0,41 %) 
Forts.
| Swap-Kontrahent/ Nennwert | Wert | Im Voraus erhaltene/ (gezahlte) Prämie Ablauftermin | Vom Teilfonds vereinnahmte/ (geleistete) Zahlungen | Vom Teilfonds erhaltene oder gezahlte Gesamtrendite | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teil- fonds |
| --- | --- | --- | --- | --- | --- | --- |
| UBS AG |  |  |  |  |  |  |
| 870.541 USD | 895.769 USD | - USD	22.05.2023 | (Secured Overnight Financing Rate plus | Ein Korb (UBSPUSER) an |  |  |
|  |  |  | 0,35 %) - Monatlich | Stammaktien – Monatlich | 25.514 USD | 1,04 |
| 871.549 | 898.803 | -	22.05.2023 | Secured Overnight Financing Rate plus | S&P 500 Total Return 4 Jan 1988 |  |  |
|  |  |  | 0,20 % - Monatlich | Index - Monatlich | (27.163) | (1,10) |
| Nicht realisierter Wertzuwachs aus ausstehenden OTC-Total Return Swap-Kontrakten | 75.966 USD | 3,07 |
| Nicht realisierter Wertverlust aus ausstehenden OTC-Total Return Swap-Kontrakten | (69.137) USD | (2,79) |
| Nicht realisierter Wertzuwachs aus ausstehenden OTC-Total Return Swap-Kontrakten, netto | 6.829 USD | 0,28 |
| AUSSTEHENDE ZENTRAL ABGEWICKELTE TOTAL RETURN SWAP-KONTRAKTE (- %) (30. Juni 2021: -0,01 %) |  |  |
| AUSSTEHENDE OTC-KREDITAUSFALLKONTRAKTE - VERKAUFTER SICHERUNGSSCHUTZ (- %) (30. Juni 2021: 0,01 %) |  |  |
| AUSSTEHENDE OTC-KREDITAUSFALLKONTRAKTE - GEKAUFTER SICHERUNGSSCHUTZ (-%) (30. Juni 2021: -0,02 %) |  |  |

AUSSTEHENDE ZENTRAL ABGEWICKELTE KREDITAUSFALLKONTRAKTE - VERKAUFTER SICHERUNGSSCHUTZ (- %) (30. Juni 2021: 0,01 %)
AUSSTEHENDE ZENTRAL ABGEWICKELTE KREDITAUSFALLKONTRAKTE - GEKAUFTER SICHERUNGSSCHUTZ (-%) (30. Juni 2021: - %)
DEVISENTERMINKONTRAKTE (0,28 %) (30. Juni 2021: -3,60 %)
Kontrahent	Währung	Kontrakttyp*	Liefertermin
Wert USD
Gesamtnennwert
USD
Nicht realisierter Wertzuwachs/ (Wertverlust)
USD
% vom Teilfonds
| Bank of America, N.A. Australischer Dollar | Kauf | 19.01.2022 | 10.550 USD | 10.320 USD | 230 USD | 0,01 |
| --- | --- | --- | --- | --- | --- | --- |
| Australischer Dollar | Verkauf | 19.01.2022 | 10.550 | 10.566 | 16 | - |
| Pfund Sterling | Kauf | 16.03.2022 | 13.937 | 13.632 | 305 | 0,01 |
| Pfund Sterling | Verkauf | 16.03.2022 | 13.937 | 13.715 | (222) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 3.399 | 3.403 | (4) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 3.399 | 3.358 | (41) | - |
| Euro | Kauf | 16.03.2022 | 13.682 | 13.563 | 119 | - |
| Euro | Verkauf | 16.03.2022 | 13.682 | 13.639 | (43) | - |
| Euro | Verkauf | 19.01.2022 | 16.969 | 16.800 | (169) | (0,01) |
| Japanischer Yen | Kauf | 16.02.2022 | 7.544 | 7.632 | (88) | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 7.544 | 7.645 | 101 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 18.284 | 18.947 | (663) | (0,03) |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 205 | 202 | (3) | - |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 18.079 | 18.383 | 304 | 0,01 |
| Schweizer Franken | Kauf | 16.03.2022 | 10.665 | 10.586 | 79 | - |
| Schweizer Franken | Verkauf | 16.03.2022 | 10.665 | 10.537 | (128) | (0,01) |
| Barclays Bank PLC Australischer Dollar | Kauf | 19.01.2022 | 3.420 | 3.494 | (74) | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 3.420 | 3.345 | (75) | - |
| Pfund Sterling | Kauf | 16.03.2022 | 22.597 | 22.232 | 365 | 0,01 |
| Pfund Sterling | Verkauf | 16.03.2022 | 7.848 | 7.676 | (172) | (0,01) |
| Pfund Sterling | Verkauf | 16.03.2022 | 14.749 | 14.400 | (349) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 10.277 | 10.362 | (85) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 42.294 | 41.782 | 512 | 0,02 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 38.815 | 39.533 | 718 | 0,03 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 13.755 | 14.015 | 260 | 0,01 |
| Euro | Kauf | 16.03.2022 | 10.148 | 10.060 | 88 | - |
| Euro | Verkauf | 16.03.2022 | 10.148 | 10.114 | (34) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 10.018 | 10.136 | (118) | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 10.018 | 10.152 | 134 | 0,01 |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 14.381 | 14.169 | 212 | 0,01 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 14.381 | 14.624 | 243 | 0,01 |
| Schweizer Franken | Kauf | 16.03.2022 | 27.927 | 27.728 | 199 | 0,01 |
| Schweizer Franken | Verkauf | 16.03.2022 | 27.927 | 27.594 | (333) | (0,01) |


## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (0,28 %) (30. Juni 2021: -3,60 %) 
Forts.
| Kontrahent | Währung | Kontrakttyp* | Liefertermin | Wert USD | Gesamtnennwert USD | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teilfonds |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Citibank, N.A. | Australischer Dollar | Kauf | 19.01.2022 | 15.716 USD | 15.739 USD | (23) USD | - |
|  | Australischer Dollar | Verkauf | 19.01.2022 | 15.716 | 15.374 | (342) | (0,01) |
|  | Pfund Sterling | Kauf | 16.03.2022 | 17.997 | 17.710 | 287 | 0,01 |
|  | Pfund Sterling | Verkauf | 16.03.2022 | 17.997 | 17.602 | (395) | (0,02) |
|  | Kanadischer Dollar | Kauf | 19.01.2022 | 62.294 | 61.543 | 751 | 0,03 |
|  | Kanadischer Dollar | Verkauf | 19.01.2022 | 9.961 | 10.018 | 57 | - |
|  | Kanadischer Dollar | Verkauf | 19.01.2022 | 38.815 | 39.533 | 718 | 0,03 |
|  | Kanadischer Dollar | Verkauf | 19.01.2022 | 10.119 | 10.167 | 48 | - |
|  | Kanadischer Dollar | Verkauf | 19.01.2022 | 3.399 | 3.402 | 3 | - |
|  | Euro | Kauf | 19.01.2022 | 5.838.484 | 5.815.515 | 22.969 | 0,94 |
|  | Japanischer Yen | Kauf | 16.02.2022 | 20.227 | 20.467 | (240) | (0,01) |
|  | Japanischer Yen | Verkauf | 16.02.2022 | 20.227 | 20.497 | 270 | 0,01 |
|  | Neuseeland-Dollar | Kauf | 19.01.2022 | 13.764 | 13.637 | 127 | 0,01 |
|  | Neuseeland-Dollar | Kauf | 19.01.2022 | 4.177 | 4.116 | 61 | - |
|  | Neuseeland-Dollar | Verkauf | 19.01.2022 | 17.942 | 18.241 | 299 | 0,01 |
|  | Schwedische Krone | Kauf | 16.03.2022 | 5.703 | 5.667 | 36 | - |
|  | Schwedische Krone | Verkauf | 16.03.2022 | 3.388 | 3.392 | 4 | - |
|  | Schwedische Krone | Verkauf | 16.03.2022 | 2.314 | 2.311 | (3) | - |
|  | Schweizer Franken | Kauf | 16.03.2022 | 10.665 | 10.538 | 127 | 0,01 |
|  | Schweizer Franken | Verkauf | 16.03.2022 | 10.665 | 10.585 | (80) | - |
| Credit Suisse International Kanadischer Dollar | Kauf | 19.01.2022 | 10.119 | 10.278 | (159) | (0,01) |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 10.119 | 9.997 | (122) | - |
| Goldman Sachs International Australischer Dollar | Kauf | 19.01.2022 | 10.259 | 10.393 | (134) | (0,01) |
| Australischer Dollar | Kauf | 19.01.2022 | 20.372 | 20.654 | (282) | (0,01) |
| Australischer Dollar | Kauf | 19.01.2022 | 13.897 | 13.649 | 248 | 0,01 |
| Australischer Dollar | Kauf | 19.01.2022 | 32.813 | 32.097 | 716 | 0,03 |
| Australischer Dollar | Verkauf | 19.01.2022 | 77.342 | 77.457 | 115 | - |
| Pfund Sterling | Kauf | 16.03.2022 | 42.082 | 41.406 | 676 | 0,03 |
| Pfund Sterling | Verkauf | 16.03.2022 | 14.885 | 14.532 | (353) | (0,01) |
| Pfund Sterling | Verkauf | 16.03.2022 | 27.198 | 26.601 | (597) | (0,02) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 75.101 | 75.532 | (431) | (0,02) |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 27.748 | 28.213 | 465 | 0,02 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 17.076 | 17.000 | (76) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 30.277 | 29.908 | (369) | (0,01) |
| Euro | Kauf | 16.03.2022 | 25.768 | 25.546 | 222 | 0,01 |
| Euro | Kauf | 19.01.2022 | 1.861.431 | 1.853.704 | 7.727 | 0,32 |
| Euro | Verkauf | 16.03.2022 | 10.376 | 10.344 | (32) | - |
| Euro | Verkauf | 16.03.2022 | 15.392 | 15.343 | (49) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 3.472 | 3.518 | (46) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 10.176 | 10.190 | (14) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 54.419 | 55.149 | (730) | (0,03) |
| Japanischer Yen | Verkauf | 16.02.2022 | 54.480 | 55.122 | 642 | 0,03 |
| Japanischer Yen | Verkauf | 16.02.2022 | 3.420 | 3.455 | 35 | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 6.810 | 6.861 | 51 | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 3.358 | 3.402 | 44 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 3.356 | 3.480 | (124) | (0,01) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 13.764 | 13.637 | 127 | 0,01 |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 26.159 | 25.775 | 384 | 0,02 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 23.146 | 23.526 | 380 | 0,02 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 10.135 | 10.254 | 119 | - |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 9.998 | 10.500 | 502 | 0,02 |


## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (0,28 %) (30. Juni 2021: -3,60 %) 
Forts.
| Kontrahent | Währung | Kontrakttyp* | Liefertermin | Wert USD | Gesamtnennwert USD | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teilfonds |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Goldman Sachs International  Forts. Norwegische Krone | Kauf | 16.03.2022 | 3.549 USD | 3.439 USD | 110 USD | - |
| Norwegische Krone | Kauf | 16.03.2022 | 3.232 | 3.182 | 50 | - |
| Norwegische Krone | Verkauf | 16.03.2022 | 5.171 | 5.043 | (128) | (0,01) |
| Norwegische Krone | Verkauf | 16.03.2022 | 1.610 | 1.564 | (46) | - |
| Schweizer Franken | Kauf | 16.03.2022 | 109.509 | 108.198 | 1.311 | 0,05 |
| Schweizer Franken | Verkauf | 16.03.2022 | 109.510 | 108.728 | (782) | (0,03) |
| HSBC Bank USA, N.A. Pfund Sterling | Kauf | 16.03.2022 | 15.561 | 15.221 | 340 | 0,01 |
| Pfund Sterling | Verkauf | 16.03.2022 | 15.561 | 15.314 | (247) | (0,01) |
| Euro | Kauf | 16.03.2022 | 16.989 | 16.932 | 57 | - |
| Euro | Verkauf | 16.03.2022 | 16.989 | 16.841 | (148) | (0,01) |
| Japanischer Yen | Kauf | 16.02.2022 | 7.475 | 7.562 | (87) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 3.457 | 3.489 | (32) | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 10.932 | 11.078 | 146 | 0,01 |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 18.284 | 18.947 | (663) | (0,03) |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 18.284 | 18.013 | (271) | (0,01) |
| JPMorgan Chase Bank, N.A. Australischer Dollar | Kauf | 19.01.2022 | 45.765 | 44.763 | 1.002 | 0,05 |
| Australischer Dollar | Verkauf | 19.01.2022 | 20.518 | 20.913 | 395 | 0,02 |
| Australischer Dollar | Verkauf | 19.01.2022 | 25.247 | 26.155 | 908 | 0,05 |
| Pfund Sterling | Kauf | 16.03.2022 | 16.914 | 16.545 | 369 | 0,01 |
| Pfund Sterling | Kauf | 19.01.2022 | 394.548 | 388.613 | 5.935 | 0,25 |
| Pfund Sterling | Kauf | 19.01.2022 | 2.166 | 2.116 | 50 | - |
| Pfund Sterling | Verkauf | 16.03.2022 | 16.914 | 16.646 | (268) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 10.119 | 10.354 | (235) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 20.396 | 20.945 | (549) | (0,02) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 3.399 | 3.418 | (19) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 17.076 | 16.999 | (77) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 16.838 | 16.634 | (204) | (0,01) |
| Euro | Kauf | 16.03.2022 | 20.409 | 20.233 | 176 | 0,01 |
| Euro | Kauf | 19.01.2022 | 11.844 | 11.786 | 58 | - |
| Euro | Verkauf | 16.03.2022 | 20.409 | 20.343 | (66) | - |
| Euro | Verkauf | 19.01.2022 | 1.459.536 | 1.449.201 | (10.335) | (0,43) |
| Japanischer Yen | Kauf | 16.02.2022 | 19.948 | 20.184 | (236) | (0,01) |
| Japanischer Yen | Verkauf | 16.02.2022 | 19.948 | 20.216 | 268 | 0,01 |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 2.808 | 2.784 | 24 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 11.025 | 10.861 | 164 | 0,01 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 13.833 | 14.064 | 231 | 0,01 |
| Norwegische Krone | Kauf | 16.03.2022 | 3.561 | 3.449 | 112 | - |
| Norwegische Krone | Verkauf | 16.03.2022 | 3.561 | 3.459 | (102) | - |
| Schweizer Franken | Kauf | 16.03.2022 | 3.518 | 3.492 | 26 | - |
| Schweizer Franken | Verkauf | 16.03.2022 | 3.518 | 3.476 | (42) | - |
| Morgan Stanley & Co. International PLC Australischer Dollar | Kauf | 19.01.2022 | 50.348 | 50.426 | (78) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 5.966 | 6.085 | (119) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 5.093 | 5.255 | (162) | (0,01) |
| Australischer Dollar | Kauf | 19.01.2022 | 19.717 | 19.952 | (235) | (0,01) |
| Australischer Dollar | Verkauf | 19.01.2022 | 2.110 | 2.080 | (30) | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 79.015 | 77.284 | (1.731) | (0,08) |
| Pfund Sterling | Kauf | 16.03.2022 | 37.076 | 36.267 | 809 | 0,03 |
| Pfund Sterling | Kauf | 19.01.2022 | 2.301 | 2.284 | 17 | - |
| Pfund Sterling | Kauf | 19.01.2022 | 2.166 | 2.159 | 7 | - |
| Pfund Sterling | Verkauf | 16.03.2022 | 22.191 | 21.837 | (354) | (0,01) |


## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (0,28 %) (30. Juni 2021: -3,60 %) 
Forts.
Kontrahent	Währung	Kontrakttyp*	Liefertermin
Wert USD
Gesamtnennwert
USD
Nicht realisierter Wertzuwachs/ (Wertverlust)
USD
% vom Teilfonds
| Morgan Stanley & Co. International PLC  Forts. Pfund Sterling | Verkauf | 16.03.2022 | 14.885 USD | 14.533 USD | (352) USD | (0,01) |
| --- | --- | --- | --- | --- | --- | --- |
| Pfund Sterling | Verkauf | 19.01.2022 | 2.030 | 1.983 | (47) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 15.336 | 15.573 | (237) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 10.119 | 10.283 | (164) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 20.396 | 20.945 | (549) | (0,02) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 15.494 | 15.753 | (259) | (0,01) |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 27.827 | 28.293 | 466 | 0,02 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 33.519 | 33.110 | (409) | (0,02) |
| Euro | Kauf | 16.03.2022 | 37.170 | 36.844 | 326 | 0,01 |
| Euro | Kauf | 19.01.2022 | 10.591 | 10.519 | 72 | - |
| Euro | Verkauf | 16.03.2022 | 38.766 | 38.531 | (235) | (0,01) |
| Euro | Verkauf | 16.03.2022 | 37.170 | 37.052 | (118) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 6.910 | 7.012 | (102) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 6.913 | 7.031 | (118) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 24.984 | 25.316 | (332) | (0,01) |
| Japanischer Yen | Verkauf | 16.02.2022 | 35.411 | 35.830 | 419 | 0,02 |
| Japanischer Yen | Verkauf | 16.02.2022 | 3.395 | 3.455 | 60 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 14.929 | 15.663 | (734) | (0,03) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 18.284 | 18.947 | (663) | (0,03) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 41.225 | 40.620 | 605 | 0,02 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 74.438 | 75.677 | 1.239 | 0,05 |
| Schwedische Krone | Kauf | 16.03.2022 | 9.091 | 9.102 | (11) | - |
| Schwedische Krone | Kauf | 16.03.2022 | 3.444 | 3.417 | 27 | - |
| Schwedische Krone | Verkauf | 16.03.2022 | 4.828 | 4.796 | (32) | - |
| Schwedische Krone | Verkauf | 16.03.2022 | 7.707 | 7.667 | (40) | - |
| Schweizer Franken | Kauf | 16.03.2022 | 5.168 | 5.130 | 38 | - |
| Schweizer Franken | Kauf | 16.03.2022 | 10.445 | 10.295 | 150 | 0,01 |
| Schweizer Franken | Verkauf | 16.03.2022 | 15.613 | 15.424 | (189) | (0,01) |
| Natwest Markets PLC Australischer Dollar | Kauf | 19.01.2022 | 26.848 | 26.888 | (40) | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 10.259 | 10.549 | 290 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 16.589 | 16.226 | (363) | (0,01) |
| Pfund Sterling | Kauf | 16.03.2022 | 3.518 | 3.439 | 79 | - |
| Pfund Sterling | Kauf | 16.03.2022 | 3.789 | 3.706 | 83 | - |
| Pfund Sterling | Verkauf | 16.03.2022 | 7.307 | 7.189 | (118) | - |
| Euro | Kauf | 16.03.2022 | 25.654 | 25.572 | 82 | - |
| Euro | Verkauf | 16.03.2022 | 25.654 | 25.430 | (224) | (0,01) |
| Euro | Verkauf | 19.01.2022 | 6.067.162 | 6.038.417 | (28.745) | (1,17) |
| Japanischer Yen | Kauf | 16.02.2022 | 7.474 | 7.561 | (87) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 10.166 | 10.216 | (50) | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 17.640 | 17.876 | 236 | 0,01 |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 15.134 | 15.512 | (378) | (0,02) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 8.218 | 8.097 | 121 | 0,01 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 23.352 | 23.743 | 391 | 0,02 |
| State Street Bank & Trust Company Australischer Dollar | Kauf | 19.01.2022 | 3.129 | 3.133 | (4) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 10.259 | 10.393 | (134) | (0,01) |
| Australischer Dollar | Kauf | 19.01.2022 | 10.113 | 10.232 | (119) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 20.299 | 20.581 | (282) | (0,01) |
| Australischer Dollar | Kauf | 19.01.2022 | 5.093 | 5.255 | (162) | (0,01) |
| Australischer Dollar | Kauf | 19.01.2022 | 16.807 | 17.166 | (359) | (0,01) |
| Australischer Dollar | Kauf | 19.01.2022 | 19.645 | 19.878 | (233) | (0,01) |
| Australischer Dollar | Kauf | 19.01.2022 | 3.420 | 3.436 | (16) | - |


## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (0,28 %) (30. Juni 2021: -3,60 %) 
Forts.
Kontrahent	Währung	Kontrakttyp*	Liefertermin
Wert USD
Gesamtnennwert
USD
Nicht realisierter Wertzuwachs/ (Wertverlust)
USD
% vom Teilfonds
| State Street Bank & Trust Company  Forts. Australischer Dollar | Kauf | 19.01.2022 | 10.186 USD | 10.190 USD | (4) USD | - |
| --- | --- | --- | --- | --- | --- | --- |
| Australischer Dollar | Kauf | 19.01.2022 | 3.492 | 3.370 | 122 | 0,01 |
| Australischer Dollar | Kauf | 19.01.2022 | 13.897 | 13.649 | 248 | 0,01 |
| Australischer Dollar | Kauf | 19.01.2022 | 50.421 | 49.324 | 1.097 | 0,05 |
| Australischer Dollar | Verkauf | 19.01.2022 | 10.259 | 10.321 | 62 | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 20.299 | 20.719 | 420 | 0,02 |
| Australischer Dollar | Verkauf | 19.01.2022 | 10.186 | 10.400 | 214 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 10.186 | 10.520 | 334 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 10.113 | 10.415 | 302 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 10.113 | 10.420 | 307 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 10.113 | 10.447 | 334 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 10.041 | 10.363 | 322 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 10.041 | 10.368 | 327 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 6.839 | 6.962 | 123 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 6.839 | 6.968 | 129 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 17.171 | 17.522 | 351 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 20.663 | 20.950 | 287 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 3.420 | 3.394 | (26) | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 10.477 | 10.252 | (225) | (0,01) |
| Pfund Sterling | Kauf | 16.03.2022 | 3.248 | 3.196 | 52 | - |
| Pfund Sterling | Kauf | 16.03.2022 | 3.518 | 3.443 | 75 | - |
| Pfund Sterling | Kauf | 16.03.2022 | 812 | 794 | 18 | - |
| Pfund Sterling | Kauf | 19.01.2022 | 2.166 | 2.136 | 30 | - |
| Pfund Sterling | Verkauf | 16.03.2022 | 7.578 | 7.412 | (166) | (0,01) |
| Pfund Sterling | Verkauf | 19.01.2022 | 2.166 | 2.120 | (46) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 126.327 | 127.061 | (734) | (0,03) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 15.336 | 15.573 | (237) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 10.198 | 10.350 | (152) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 10.119 | 10.278 | (159) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 10.119 | 10.354 | (235) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 10.198 | 10.442 | (244) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 15.494 | 15.753 | (259) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 3.478 | 3.441 | 37 | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 6.878 | 6.881 | (3) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 7.194 | 7.305 | 111 | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 38.815 | 39.533 | 718 | 0,03 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 27.748 | 28.213 | 465 | 0,02 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 17.155 | 17.078 | (77) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 117.236 | 115.809 | (1.427) | (0,07) |
| Euro | Kauf | 16.03.2022 | 67.270 | 67.048 | 222 | 0,01 |
| Euro | Kauf | 16.03.2022 | 3.421 | 3.392 | 29 | - |
| Euro | Kauf | 16.03.2022 | 18.927 | 18.777 | 150 | 0,01 |
| Euro | Kauf | 16.03.2022 | 2.508 | 2.493 | 15 | - |
| Euro | Kauf | 19.01.2022 | 13.780 | 13.717 | 63 | - |
| Euro | Kauf | 19.01.2022 | 11.275 | 11.221 | 54 | - |
| Euro | Verkauf | 16.03.2022 | 10.490 | 10.458 | (32) | - |
| Euro | Verkauf | 16.03.2022 | 81.636 | 80.930 | (706) | (0,03) |
| Euro | Verkauf | 19.01.2022 | 5.885.062 | 5.856.947 | (28.115) | (1,15) |
| Japanischer Yen | Kauf | 16.02.2022 | 20.643 | 20.813 | (170) | (0,01) |
| Japanischer Yen | Kauf | 16.02.2022 | 3.370 | 3.417 | (47) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 5.368 | 5.447 | (79) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 11.163 | 11.313 | (150) | (0,01) |
| Japanischer Yen | Verkauf | 16.02.2022 | 1.165 | 1.179 | 14 | - |


## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (0,28 %) (30. Juni 2021: -3,60 %) 
Forts.
Kontrahent	Währung	Kontrakttyp*	Liefertermin
Wert USD
Gesamtnennwert
USD
Nicht realisierter Wertzuwachs/ (Wertverlust)
USD
% vom Teilfonds
| State Street Bank & Trust Company  Forts. Japanischer Yen | Verkauf | 16.02.2022 | 20.764 USD | 20.989 USD | 225 USD | 0,01 |
| --- | --- | --- | --- | --- | --- | --- |
| Japanischer Yen | Verkauf | 16.02.2022 | 18.615 | 18.884 | 269 | 0,01 |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 2.602 | 2.645 | (43) | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 14.928 | 15.663 | (735) | (0,03) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 18.284 | 18.947 | (663) | (0,03) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 3.356 | 3.493 | (137) | (0,01) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 3.356 | 3.486 | (130) | (0,01) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 6.711 | 7.017 | (306) | (0,01) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 16.777 | 17.437 | (660) | (0,03) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 15.271 | 15.789 | (518) | (0,02) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 3.356 | 3.444 | (88) | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 3.492 | 3.491 | 1 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 6.916 | 6.848 | 68 | - |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 10.135 | 10.224 | 89 | - |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 3.356 | 3.435 | 79 | - |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 13.764 | 13.576 | (188) | (0,01) |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 67.795 | 66.785 | (1.010) | (0,04) |
| Schwedische Krone | Kauf | 16.03.2022 | 3.444 | 3.447 | (3) | - |
| Schwedische Krone | Verkauf | 16.03.2022 | 2.569 | 2.556 | (13) | - |
| Schwedische Krone | Verkauf | 16.03.2022 | 875 | 869 | (6) | - |
| Schweizer Franken | Kauf | 16.03.2022 | 86.310 | 85.700 | 610 | 0,02 |
| Schweizer Franken | Verkauf | 16.03.2022 | 1.539 | 1.523 | (16) | - |
| Schweizer Franken | Verkauf | 16.03.2022 | 84.771 | 83.749 | (1.022) | (0,04) |
| Toronto-Dominion Bank Australischer Dollar | Kauf | 19.01.2022 | 19.717 | 19.952 | (235) | (0,01) |
| Australischer Dollar | Verkauf | 19.01.2022 | 19.718 | 19.285 | (433) | (0,02) |
| Pfund Sterling | Kauf | 16.03.2022 | 46.413 | 45.668 | 745 | 0,03 |
| Pfund Sterling | Verkauf | 16.03.2022 | 14.885 | 14.532 | (353) | (0,01) |
| Pfund Sterling | Verkauf | 16.03.2022 | 31.529 | 30.837 | (692) | (0,03) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 10.119 | 10.270 | (151) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 2.372 | 2.361 | 11 | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 64.587 | 63.807 | 780 | 0,03 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 10.514 | 10.574 | 60 | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 38.815 | 39.533 | 718 | 0,03 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 27.748 | 28.213 | 465 | 0,02 |
| Euro | Kauf | 16.03.2022 | 18.927 | 18.778 | 149 | 0,01 |
| Euro | Kauf | 16.03.2022 | 4.333 | 4.295 | 38 | - |
| Euro | Verkauf | 16.03.2022 | 23.260 | 23.185 | (75) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 18.615 | 18.863 | (248) | (0,01) |
| Japanischer Yen | Verkauf | 16.02.2022 | 18.615 | 18.884 | 269 | 0,01 |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 32.186 | 31.713 | 473 | 0,02 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 32.186 | 32.718 | 532 | 0,02 |
| Norwegische Krone | Kauf | 16.03.2022 | 5.171 | 5.022 | 149 | 0,01 |
| Norwegische Krone | Verkauf | 16.03.2022 | 5.171 | 5.043 | (128) | (0,01) |
| UBS AG Australischer Dollar | Kauf | 19.01.2022 | 26.775 | 26.811 | (36) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 3.492 | 3.417 | 75 | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 25.174 | 26.078 | 904 | 0,05 |
| Australischer Dollar | Verkauf | 19.01.2022 | 5.093 | 4.982 | (111) | - |
| Pfund Sterling | Kauf | 16.03.2022 | 4.871 | 4.765 | 106 | - |
| Pfund Sterling | Kauf | 19.01.2022 | 2.030 | 2.000 | 30 | - |
| Pfund Sterling | Verkauf | 16.03.2022 | 4.871 | 4.793 | (78) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 10.277 | 10.362 | (85) | - |


## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (0,28 %) (30. Juni 2021: -3,60 %) 
Forts.
Wert
Gesamtnennwert
Nicht realisierter Wertzuwachs/ (Wertverlust)
% vom
| Kontrahent	Währung	Kontrakttyp* | Liefertermin | USD | USD | USD | Teilfonds |
| --- | --- | --- | --- | --- | --- |
| UBS AG  Forts. |  |  |  |  |  |  |  |
|  | Kanadischer Dollar | Kauf | 19.01.2022 | 42.215 USD | 41.702 USD | 513 USD | 0,02 |
|  | Kanadischer Dollar | Verkauf | 19.01.2022 | 38.815 | 39.534 | 719 | 0,03 |
|  | Kanadischer Dollar | Verkauf | 19.01.2022 | 13.676 | 13.935 | 259 | 0,01 |
|  | Euro | Kauf | 16.03.2022 | 12.770 | 12.658 | 112 | - |
|  | Euro | Kauf | 19.01.2022 | 1.936 | 1.927 | 9 | - |
|  | Euro | Kauf | 19.01.2022 | 24.371 | 24.277 | 94 | - |
|  | Euro | Verkauf | 16.03.2022 | 12.770 | 12.729 | (41) | - |
|  | Japanischer Yen | Kauf | 16.02.2022 | 43.636 | 44.135 | (499) | (0,02) |
|  | Japanischer Yen | Verkauf | 16.02.2022 | 20.764 | 20.989 | 225 | 0,01 |
|  | Japanischer Yen | Verkauf | 16.02.2022 | 22.872 | 23.178 | 306 | 0,01 |
|  | Neuseeland-Dollar | Kauf | 19.01.2022 | 15.134 | 15.512 | (378) | (0,02) |
|  | Neuseeland-Dollar | Kauf | 19.01.2022 | 18.284 | 18.948 | (664) | (0,03) |
|  | Neuseeland-Dollar | Kauf | 19.01.2022 | 15.203 | 15.718 | (515) | (0,02) |
|  | Neuseeland-Dollar | Verkauf | 19.01.2022 | 33.007 | 32.516 | (491) | (0,02) |
|  | Neuseeland-Dollar | Verkauf | 19.01.2022 | 8.971 | 9.121 | 150 | 0,01 |
|  | Neuseeland-Dollar | Verkauf | 19.01.2022 | 6.643 | 6.784 | 141 | 0,01 |
|  | Schweizer Franken | Kauf | 16.03.2022 | 22.320 | 22.053 | 267 | 0,01 |
|  | Schweizer Franken | Verkauf | 16.03.2022 | 22.320 | 22.160 | (160) | (0,01) |
| Westpac Banking Corporation Euro | Kauf | 19.01.2022 | 7.764.715 | 7.728.371 | 36.344 | 1,48 |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 18.079 | 18.735 | (656) | (0,03) |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 18.079 | 17.812 | (267) | (0,01) |
| Nicht realisierter Wertzuwachs aus Devisenterminkontrakten | 112.360 USD | 4,54 |
| Nicht realisierter Wertverlust aus Devisenterminkontrakten | (105.480) USD | (4,26) |
| Nicht realisierter Wertzuwachs aus Devisenterminkontrakten, netto | 6.880 USD | 0,28 |
| Summe finanzieller Vermögenswerte, erfolgswirksam zum beizulegenden Zeitwert | 2.162.728 USD | 87,34 |
| Summe finanzieller Verbindlichkeiten, erfolgswirksam zum beizulegenden Zeitwert | (174.617) USD | (7,05) |
| * Die Umtauschwährung für alle aufgeführten Verträge ist der US-Dollar. |  |  |
| Analyse des Gesamtvermögens |  | % des Gesamt- vermö- gens |
| Übertragbare Wertpapiere, die an einer amtlichen Börse zur Notierung zugelassen wurden |  | - |
| Übertragbare Wertpapiere, die an einem anderen geregelten Markt gehandelt werden |  | 44,32 |
| Sonstige übertragbare Wertpapiere gemäß Vorschrift 68 (1) (a), (b) und (c) |  | 19,70 |
| Im Freiverkehr gehandelte derivative Finanzinstrumente (OTC-Derivate) |  | 6,18 |
| Börsengehandelte derivative Finanzinstrumente |  | 0,81 |
| Sonstige Vermögenswerte |  | 28,99 |
| Summe Vermögenswerte |  | 100,00 |


## Anlagenverzeichnis
31. Dezember 2021
HYPOTHEKENOBLIGATIONEN DER US-REGIERUNG UND -BEHÖRDEN (60,06 %) (30. Juni 2021: 69,89 %)
| Kapitalbetrag	Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- |
| Hypothekenobligationen der US-Behörden (44,94 %) 11.000.000 USD Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 2,00 | 14.02.2052 | 10.949.469 USD | 4,91 |
| 10.000.000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 3,00 | 14.02.2052 | 10.348.829 | 4,64 |
| 2.000.000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 3,50 | 14.02.2052 | 2.103.594 | 0,94 |
| 27.000.000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 3,00 | 13.01.2052 | 27.981.914 | 12,54 |
| 11.000.000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 2,00 | 25.07.2051 | 10.973.532 | 4,92 |
| 23.000.000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 2,50 | 25.07.2051 | 23.485.167 | 10,53 |
| 10.000.000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 2,50 | 11.02.2051 | 10.185.552 | 4,57 |
| 4.000.000 Uniform Mortgage Backed Securities Pass-Through Certificates TBA | 3,50 | 25.02.2049 | 4.212.501 | 1,89 |
|  |  |  | 100.240.558 | 44,94 |
| Garantierte Hypothekenobligationen der US-Regierung (15,12 %) |  |  |  |  |
| 158.143 Government National Mortgage Association Pass-Through Certificates | 5,00 | 20.03.2050 | 173.857 | 0,08 |
| 39.558 Government National Mortgage Association Pass-Through Certificates | 4,00 | 20.01.2050 | 42.963 | 0,02 |
| 162.828 Government National Mortgage Association Pass-Through Certificates | 4,00 | 20.12.2049 | 176.841 | 0,08 |
| 10.734 Government National Mortgage Association Pass-Through Certificates | 3,50 | 20.11.2049 | 11.389 | 0,01 |
| 109.256 Government National Mortgage Association Pass-Through Certificates | 3,50 | 20.11.2049 | 116.025 | 0,05 |
| 27.396 Government National Mortgage Association Pass-Through Certificates | 3,50 | 20.10.2049 | 29.068 | 0,01 |
| 43.147 Government National Mortgage Association Pass-Through Certificates | 4,00 | 20.10.2049 | 46.860 | 0,02 |
| 45.111 Government National Mortgage Association Pass-Through Certificates | 4,00 | 20.10.2049 | 48.994 | 0,02 |
| 77.350 Government National Mortgage Association Pass-Through Certificates | 4,00 | 20.09.2049 | 84.007 | 0,04 |
| 16.627 Government National Mortgage Association Pass-Through Certificates | 4,00 | 20.08.2049 | 18.058 | 0,01 |
| 6.000.000 Government National Mortgage Association Pass-Through Certificates TBA | 2,00 | 21.01.2052 | 6.057.812 | 2,71 |
| 26.000.000 Government National Mortgage Association Pass-Through Certificates TBA | 3,00 | 20.07.2049 | 26.915.202 | 12,07 |
|  |  |  | 33.721.076 | 15,12 |
| Summe Hypothekenobligationen der US-Regierung und -Behörden |  |  | 133.961.634 USD | 60,06 |
| HYPOTHEKENOBLIGATIONEN DER US-BEHÖRDEN (- %) (30. Juni 2021: 1,55 %) |  |  |  |  |
| MBS-ANLEIHEN (80,10 %) (30. Juni 2021: 79,16 %) |  |  |  |  |
| Kapitalbetrag	Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| Hypothekenobligationen besichert von Behörden (35,62 %) 199.766 USD Federal Home Loan Mortgage Corporation (Class AS) | 5,90 | 25.09.2048 | 30.027 USD | 0,01 |
| 8.234.846 Federal Home Loan Mortgage Corporation (Class BI) | 4,00 | 25.09.2050 | 1.194.234 | 0,54 |
| 173.317 Federal Home Loan Mortgage Corporation (Class CI) | 7,00 | 15.03.2045 | 36.949 | 0,02 |
| 2.862.460 Federal Home Loan Mortgage Corporation (Class ES) | 5,90 | 25.12.2049 | 358.819 | 0,16 |
| 9.102.926 Federal Home Loan Mortgage Corporation (Class IC) | 4,00 | 25.02.2050 | 1.102.302 | 0,49 |
| 51.506 Federal Home Loan Mortgage Corporation (Class IG) | 3,00 | 15.06.2048 | 5.147 | - |
| 7.343.744 Federal Home Loan Mortgage Corporation (Class IK) | 4,50 | 25.12.2050 | 1.136.223 | 0,51 |
| 5.528.579 Federal Home Loan Mortgage Corporation (Class IL) | 4,50 | 25.03.2051 | 825.624 | 0,37 |
| 135.726 Federal Home Loan Mortgage Corporation (Class IO) | 5,50 | 15.08.2048 | 29.059 | 0,01 |
| 1.644.971 Federal Home Loan Mortgage Corporation (Class IP) | 4,00 | 15.02.2047 | 189.759 | 0,09 |
| 4.653.000 Federal Home Loan Mortgage Corporation (Class JI) | 3,00 | 25.11.2051 | 561.401 | 0,25 |
| 6.953.500 Federal Home Loan Mortgage Corporation (Class KI) | 4,00 | 25.06.2051 | 1.233.110 | 0,55 |
| 6.594.045 Federal Home Loan Mortgage Corporation (Class KI) | 4,00 | 25.12.2050 | 1.002.229 | 0,45 |
| 6.219.614 Federal Home Loan Mortgage Corporation (Class MI) | 3,50 | 25.09.2050 | 954.089 | 0,43 |
| 6.321.263 Federal Home Loan Mortgage Corporation (Class MI) | 4,50 | 25.11.2048 | 1.109.486 | 0,50 |
| 5.759.813 Federal Home Loan Mortgage Corporation (Class NS) | 6,04 | 15.06.2047 | 1.075.895 | 0,48 |
| 10.265.942 Federal Home Loan Mortgage Corporation (Class PI) | 4,50 | 25.10.2049 | 1.378.320 | 0,62 |
| 319.326 Federal Home Loan Mortgage Corporation (Class QI) | 4,00 | 15.11.2044 | 52.005 | 0,02 |
| 1.620.291 Federal Home Loan Mortgage Corporation (Class S) | 6,09 | 15.06.2048 | 253.206 | 0,11 |
| 1.618.739 Federal Home Loan Mortgage Corporation (Class SA) | 5,95 | 25.08.2049 | 262.721 | 0,12 |
| 7.610.397 Federal Home Loan Mortgage Corporation (Class SA) | 5,95 | 25.08.2049 | 1.370.766 | 0,61 |
| 1.240.240 Federal Home Loan Mortgage Corporation (Class SA) | 6,39 | 15.09.2041 | 227.023 | 0,10 |
| 1.830.329 Federal Home Loan Mortgage Corporation (Class SC) | 6,44 | 15.10.2033 | 329.666 | 0,15 |
| 1.530.402 Federal Home Loan Mortgage Corporation (Class SN) | 5,95 | 25.06.2050 | 281.309 | 0,13 |
| 3.030.389 Federal Home Loan Mortgage Corporation (Class SP) | 5,90 | 25.08.2049 | 444.346 | 0,20 |


## 31. Dezember 2021
MBS-ANLEIHEN (80,10 %) (30. Juni 2021: 79,16 %) 
Forts.
| Kapitalbetrag	Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- |
| Hypothekenobligationen besichert von Behörden (35,62 %)  Forts. 7.107.127 USD Federal National Mortgage Association (Class AS) | 6,15 | 25.08.2047 | 1.219.378 USD | 0,55 |
| 92.701 Federal National Mortgage Association (Class AS) | 6,00 | 25.12.2046 | 14.412 | 0,01 |
| 8.261.662 Federal National Mortgage Association (Class BI) | 4,50 | 25.10.2048 | 1.291.815 | 0,58 |
| 47.216 Federal National Mortgage Association (Class BS) | 5,95 | 25.10.2049 | 4.268 | - |
| 2.054.335 Federal National Mortgage Association (Class BS) | 6,00 | 25.11.2046 | 383.340 | 0,17 |
| 127.062 Federal National Mortgage Association (Class BS) | 6,00 | 25.09.2046 | 21.538 | 0,01 |
| 5.902.235 Federal National Mortgage Association (Class C12) | 4,00 | 25.12.2045 | 1.001.911 | 0,45 |
| 3.967.739 Federal National Mortgage Association (Class C35) | 4,50 | 25.10.2040 | 664.709 | 0,30 |
| 262.842 Federal National Mortgage Association (Class CS) | 5,90 | 25.11.2049 | 61.836 | 0,03 |
| 214.010 Federal National Mortgage Association (Class CS) | 6,00 | 25.05.2039 | 37.672 | 0,02 |
| 5.453.553 Federal National Mortgage Association (Class GI) | 3,50 | 25.12.2051 | 788.466 | 0,35 |
| 3.827.464 Federal National Mortgage Association (Class HI) | 4,00 | 25.12.2049 | 285.414 | 0,13 |
| 2.811.528 Federal National Mortgage Association (Class IA) | 4,50 | 25.11.2047 | 403.398 | 0,18 |
| 6.886.606 Federal National Mortgage Association (Class IA) | 5,00 | 25.05.2047 | 1.145.449 | 0,51 |
| 3.701.991 Federal National Mortgage Association (Class IA) | 5,00 | 25.06.2045 | 620.935 | 0,28 |
| 9.134.002 Federal National Mortgage Association (Class IK) | 3,50 | 25.10.2050 | 1.571.322 | 0,70 |
| 396.854 Federal National Mortgage Association (Class IO) | 4,50 | 25.03.2049 | 44.886 | 0,02 |
| 159.529 Federal National Mortgage Association (Class IO) | 5,50 | 25.08.2048 | 30.792 | 0,01 |
| 145.301 Federal National Mortgage Association (Class IO) | 6,50 | 25.07.2048 | 24.300 | 0,01 |
| 140.042 Federal National Mortgage Association (Class IO) | 5,50 | 25.05.2045 | 25.196 | 0,01 |
| 8.624.806 Federal National Mortgage Association (Class IP) | 3,00 | 25.12.2050 | 992.249 | 0,44 |
| 98.064 Federal National Mortgage Association (Class KI) | 5,00 | 25.06.2041 | 17.001 | 0,01 |
| 4.192.518 Federal National Mortgage Association (Class KS) | 5,90 | 25.11.2049 | 591.650 | 0,27 |
| 5.271.243 Federal National Mortgage Association (Class KS) | 5,95 | 25.08.2049 | 835.327 | 0,37 |
| 127.406 Federal National Mortgage Association (Class MI) | 5,50 | 25.02.2046 | 22.217 | 0,01 |
| 163.115 Federal National Mortgage Association (Class PI) | 5,50 | 25.08.2033 | 25.594 | 0,01 |
| 3.903.211 Federal National Mortgage Association (Class PS) | 5,90 | 25.12.2049 | 604.133 | 0,27 |
| 5.618.063 Federal National Mortgage Association (Class PS) | 5,90 | 25.04.2049 | 721.135 | 0,32 |
| 8.386.390 Federal National Mortgage Association (Class PS) | 6,10 | 25.08.2048 | 1.203.464 | 0,54 |
| 3.353.413 Federal National Mortgage Association (Class S) | 5,90 | 25.04.2049 | 389.173 | 0,17 |
| 2.514.362 Federal National Mortgage Association (Class SA) | 5,85 | 25.12.2049 | 421.431 | 0,19 |
| 3.558.731 Federal National Mortgage Association (Class SA) | 5,95 | 25.10.2049 | 638.365 | 0,29 |
| 5.072.824 Federal National Mortgage Association (Class SA) | 5,95 | 25.05.2049 | 825.319 | 0,37 |
| 4.337.644 Federal National Mortgage Association (Class SA) | 6,10 | 25.08.2048 | 634.276 | 0,28 |
| 2.506.125 Federal National Mortgage Association (Class SA) | 6,10 | 25.06.2048 | 350.858 | 0,16 |
| 1.588.253 Federal National Mortgage Association (Class SA) | 5,95 | 25.03.2046 | 301.878 | 0,14 |
| 212.974 Federal National Mortgage Association (Class SA) | 6,60 | 25.02.2043 | 52.347 | 0,02 |
| 200.879 Federal National Mortgage Association (Class SB) | 6,10 | 25.09.2048 | 30.734 | 0,01 |
| 3.234.065 Federal National Mortgage Association (Class SC) | 5,85 | 25.07.2050 | 562.902 | 0,25 |
| 3.977.664 Federal National Mortgage Association (Class SC) | 5,90 | 25.11.2049 | 681.772 | 0,31 |
| 6.035.718 Federal National Mortgage Association (Class SE) | 6,00 | 25.06.2050 | 1.251.544 | 0,56 |
| 3.097.158 Federal National Mortgage Association (Class SH) | 6,00 | 25.07.2049 | 538.048 | 0,24 |
| 78.073 Federal National Mortgage Association (Class SH) | 6,05 | 25.05.2049 | 12.806 | 0,01 |
| 6.368.108 Federal National Mortgage Association (Class SH) | 6,46 | 25.06.2041 | 1.239.869 | 0,56 |
| 160.196 Federal National Mortgage Association (Class SK) | 5,90 | 25.12.2046 | 29.324 | 0,01 |
| 1.733.257 Federal National Mortgage Association (Class SM) | 5,95 | 25.06.2049 | 243.157 | 0,11 |
| 2.623.739 Federal National Mortgage Association (Class SN) | 5,95 | 25.09.2049 | 396.252 | 0,18 |
| 320.835 Federal National Mortgage Association (Class ST) | 5,82 | 25.06.2041 | 53.287 | 0,02 |
| 367.164 Federal National Mortgage Association (Class YI) | 3,50 | 25.06.2042 | 14.716 | 0,01 |
| 4.672.518 Government National Mortgage Association (Class AI) | 2,12 | 20.02.2070 | 332.884 | 0,15 |
| 792.890 Government National Mortgage Association (Class AI) | 1,73 | 20.03.2068 | 24.382 | 0,01 |
| 3.414.219 Government National Mortgage Association (Class AI) | 2,02 | 20.11.2066 | 248.197 | 0,11 |
| 4.638.201 Government National Mortgage Association (Class AI) | 2,10 | 20.09.2066 | 334.095 | 0,15 |
| 1.805.468 Government National Mortgage Association (Class AI) | 1,67 | 20.02.2066 | 108.534 | 0,05 |
| 4.415.384 Government National Mortgage Association (Class AS) | 6,04 | 16.09.2043 | 776.599 | 0,35 |
| 5.542.733 Government National Mortgage Association (Class BI) | 1,91 | 20.12.2069 | 383.661 | 0,17 |


## 31. Dezember 2021
MBS-ANLEIHEN (80,10 %) (30. Juni 2021: 79,16 %) 
Forts.
| Kapitalbetrag	Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- |
| Hypothekenobligationen besichert von Behörden (35,62 %)  Forts. 13.585.886 USD Government National Mortgage Association (Class BI) | 3,11 | 20.06.2069 | 992.109 USD | 0,44 |
| 3.841.013 Government National Mortgage Association (Class BI) | 2,34 | 20.02.2068 | 326.486 | 0,15 |
| 8.568.992 Government National Mortgage Association (Class BI) | 2,21 | 20.08.2067 | 706.942 | 0,32 |
| 4.968.869 Government National Mortgage Association (Class BI) | 2,33 | 20.02.2067 | 360.902 | 0,16 |
| 3.614.758 Government National Mortgage Association (Class BI) | 2,45 | 20.02.2067 | 276.755 | 0,12 |
| 4.903.193 Government National Mortgage Association (Class BS) | 6,00 | 20.10.2049 | 631.605 | 0,28 |
| 5.386.027 Government National Mortgage Association (Class CI) | 1,96 | 20.01.2070 | 365.240 | 0,16 |
| 8.473.384 Government National Mortgage Association (Class CI) | 1,72 | 20.11.2069 | 462.511 | 0,21 |
| 196.026 Government National Mortgage Association (Class CI) | 2,17 | 20.07.2068 | 14.641 | 0,01 |
| 646.656 Government National Mortgage Association (Class CI) | 1,62 | 20.07.2064 | 22.506 | 0,01 |
| 5.472.276 Government National Mortgage Association (Class CS) | 6,20 | 20.09.2050 | 1.070.021 | 0,48 |
| 5.605.367 Government National Mortgage Association (Class DI) | 1,59 | 01.04.2070 | 281.513 | 0,13 |
| 18.306.643 Government National Mortgage Association (Class DI) | 1,21 | 20.12.2069 | 1.283.480 | 0,59 |
| 330.530 Government National Mortgage Association (Class DI) | 2,20 | 20.08.2068 | 23.705 | 0,01 |
| 2.991.253 Government National Mortgage Association (Class DI) | 2,23 | 20.06.2066 | 213.127 | 0,10 |
| 11.174.151 Government National Mortgage Association (Class DI) | 1,76 | 20.01.2066 | 624.289 | 0,28 |
| 8.863.944 Government National Mortgage Association (Class DI) | 1,74 | 20.05.2063 | 484.743 | 0,22 |
| 315.709 Government National Mortgage Association (Class DI) | 2,07 | 20.12.2062 | 18.499 | 0,01 |
| 1.085.419 Government National Mortgage Association (Class DI) | 5,00 | 16.03.2047 | 191.945 | 0,09 |
| 142.851 Government National Mortgage Association (Class DI) | 5,50 | 16.12.2044 | 28.894 | 0,01 |
| 6.037.450 Government National Mortgage Association (Class DS) | 5,95 | 20.04.2046 | 1.138.346 | 0,51 |
| 5.475.773 Government National Mortgage Association (Class EI) | 2,10 | 20.11.2069 | 345.658 | 0,15 |
| 285.832 Government National Mortgage Association (Class EI) | 2,34 | 20.01.2068 | 24.117 | 0,01 |
| 40.611 Government National Mortgage Association (Class EI) | 3,50 | 20.08.2045 | 3.065 | - |
| 2.891.795 Government National Mortgage Association (Class ES) | 6,00 | 20.08.2049 | 371.306 | 0,17 |
| 115.247 Government National Mortgage Association (Class FI) | 1,54 | 20.06.2068 | 8.981 | - |
| 782.433 Government National Mortgage Association (Class FI) | 1,11 | 20.05.2062 | 18.753 | 0,01 |
| 4.401.994 Government National Mortgage Association (Class GI) | 2,25 | 20.12.2067 | 359.038 | 0,16 |
| 3.963.173 Government National Mortgage Association (Class GI) | 2,14 | 20.10.2067 | 400.652 | 0,18 |
| 5.861.635 Government National Mortgage Association (Class GI) | 4,00 | 20.11.2049 | 717.474 | 0,32 |
| 8.497.519 Government National Mortgage Association (Class GI) | 4,00 | 20.07.2047 | 1.117.973 | 0,50 |
| 3.098.398 Government National Mortgage Association (Class GS) | 5,95 | 20.02.2050 | 500.652 | 0,22 |
| 3.086.956 Government National Mortgage Association (Class HI) | 1,55 | 20.01.2066 | 143.852 | 0,06 |
| 22.048.493 Government National Mortgage Association (Class HI) | 1,71 | 20.09.2064 | 1.107.077 | 0,50 |
| 244.613 Government National Mortgage Association (Class IA) | 2,24 | 20.08.2068 | 17.543 | 0,01 |
| 370.648 Government National Mortgage Association (Class IA) | 4,50 | 20.09.2047 | 65.749 | 0,03 |
| 136.746 Government National Mortgage Association (Class IA) | 3,50 | 20.10.2042 | 19.498 | 0,01 |
| 5.822.814 Government National Mortgage Association (Class IB) | 1,96 | 20.12.2069 | 410.326 | 0,18 |
| 7.142.863 Government National Mortgage Association (Class IB) | 4,00 | 20.04.2046 | 1.032.468 | 0,46 |
| 3.645.879 Government National Mortgage Association (Class IB) | 4,00 | 20.12.2044 | 388.213 | 0,17 |
| 7.318.754 Government National Mortgage Association (Class IC) | 2,06 | 20.12.2069 | 493.833 | 0,22 |
| 3.183.390 Government National Mortgage Association (Class IC) | 4,00 | 20.05.2045 | 468.690 | 0,21 |
| 5.513.780 Government National Mortgage Association (Class IE) | 2,00 | 20.10.2069 | 323.935 | 0,15 |
| 3.582.972 Government National Mortgage Association (Class IJ) | 4,50 | 20.03.2043 | 605.776 | 0,27 |
| 16.809.963 Government National Mortgage Association (Class IM) | 2,01 | 20.05.2069 | 1.124.603 | 0,50 |
| 382.997 Government National Mortgage Association (Class IM) | 2,27 | 20.02.2068 | 34.530 | 0,02 |
| 1.588.854 Government National Mortgage Association (Class IM) | 6,50 | 20.02.2047 | 298.037 | 0,13 |
| 3.375.126 Government National Mortgage Association (Class IN) | 5,00 | 20.09.2049 | 495.752 | 0,22 |
| 986.449 Government National Mortgage Association (Class IN) | 5,00 | 20.02.2048 | 175.913 | 0,08 |
| 5.229.565 Government National Mortgage Association (Class IO) | 5,00 | 20.01.2050 | 972.962 | 0,45 |
| 143.472 Government National Mortgage Association (Class IO) | 6,50 | 20.12.2046 | 26.052 | 0,01 |
| 41.172 Government National Mortgage Association (Class IO) | 5,00 | 20.10.2044 | 7.514 | - |
| 152.695 Government National Mortgage Association (Class JI) | 2,38 | 20.07.2068 | 10.521 | - |
| 178.360 Government National Mortgage Association (Class KI) | 2,30 | 20.08.2068 | 14.046 | 0,01 |
| 4.183.631 Government National Mortgage Association (Class KI) | 3,00 | 20.02.2051 | 605.265 | 0,27 |


## 31. Dezember 2021
| MBS-ANLEIHEN (80,10 %) (30. Juni 2021: 79,16 %)  Forts. |  |
| --- | --- |
| Kapitalbetrag	Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| Hypothekenobligationen besichert von Behörden (35,62 %)  Forts. 3.253.039 USD Government National Mortgage Association (Class KS) | 5,94 | 16.09.2049 | 811.390 USD | 0,36 |
| 244.814 Government National Mortgage Association (Class LS) | 6,04 | 20.12.2043 | 54.769 | 0,02 |
| 4.458.946 Government National Mortgage Association (Class MI) | 2,50 | 20.10.2050 | 508.587 | 0,23 |
| 9.026.404 Government National Mortgage Association (Class MI) | 3,00 | 20.03.2050 | 1.002.060 | 0,45 |
| 353.875 Government National Mortgage Association (Class NI) | 2,10 | 20.08.2068 | 23.976 | 0,01 |
| 380.667 Government National Mortgage Association (Class PI) | 1,75 | 20.02.2068 | 15.643 | 0,01 |
| 121.369 Government National Mortgage Association (Class PI) | 4,50 | 20.05.2048 | 10.948 | - |
| 1.445.464 Government National Mortgage Association (Class QI) | 4,50 | 20.03.2040 | 240.419 | 0,11 |
| 4.401.658 Government National Mortgage Association (Class QS) | 6,15 | 20.02.2040 | 748.282 | 0,34 |
| 3.601.543 Government National Mortgage Association (Class S) | 5,95 | 20.08.2049 | 566.523 | 0,25 |
| 154.089 Government National Mortgage Association (Class S) | 6,10 | 20.07.2048 | 24.478 | 0,01 |
| 65.302 Government National Mortgage Association (Class S) | 6,00 | 20.02.2044 | 11.014 | - |
| 6.573.457 Government National Mortgage Association (Class SA) | 5,95 | 20.03.2050 | 1.197.132 | 0,54 |
| 47.125 Government National Mortgage Association (Class SA) | 6,05 | 20.12.2048 | 6.810 | - |
| 1.468.260 Government National Mortgage Association (Class SA) | 6,00 | 20.03.2044 | 277.126 | 0,12 |
| 5.261.759 Government National Mortgage Association (Class SA) | 6,00 | 20.02.2044 | 887.711 | 0,40 |
| 5.253.056 Government National Mortgage Association (Class SA) | 6,60 | 20.08.2043 | 1.038.921 | 0,47 |
| 6.543.874 Government National Mortgage Association (Class SC) | 5,95 | 20.08.2049 | 888.529 | 0,41 |
| 2.019.844 Government National Mortgage Association (Class SC) | 6,00 | 20.02.2049 | 310.382 | 0,14 |
| 1.144.642 Government National Mortgage Association (Class SD) | 6,10 | 20.09.2048 | 150.452 | 0,07 |
| 174.684 Government National Mortgage Association (Class SD) | 6,10 | 20.08.2048 | 26.562 | 0,01 |
| 154.620 Government National Mortgage Association (Class SD) | 6,50 | 20.08.2040 | 27.603 | 0,01 |
| 5.063.327 Government National Mortgage Association (Class SE) | 6,00 | 20.01.2049 | 678.595 | 0,30 |
| 4.555.734 Government National Mortgage Association (Class SG) | 5,95 | 20.11.2049 | 531.035 | 0,24 |
| 130.750 Government National Mortgage Association (Class SG) | 6,15 | 20.08.2048 | 19.380 | 0,01 |
| 150.560 Government National Mortgage Association (Class SG) | 6,00 | 20.01.2044 | 26.449 | 0,01 |
| 4.152.893 Government National Mortgage Association (Class SH) | 5,95 | 20.11.2049 | 346.507 | 0,16 |
| 4.899.388 Government National Mortgage Association (Class SH) | 5,95 | 20.09.2049 | 615.477 | 0,28 |
| 2.540.518 Government National Mortgage Association (Class SH) | 5,95 | 20.03.2049 | 358.569 | 0,16 |
| 123.738 Government National Mortgage Association (Class SH) | 6,15 | 20.07.2048 | 18.055 | 0,01 |
| 5.522.412 Government National Mortgage Association (Class SJ) | 5,95 | 20.08.2049 | 813.866 | 0,36 |
| 5.842.839 Government National Mortgage Association (Class SL) | 6,05 | 20.10.2049 | 675.527 | 0,30 |
| 6.467.617 Government National Mortgage Association (Class SL) | 6,00 | 20.07.2049 | 761.239 | 0,35 |
| 440.486 Government National Mortgage Association (Class SL) | 6,05 | 20.03.2043 | 27.301 | 0,01 |
| 3.425.260 Government National Mortgage Association (Class SQ) | 6,20 | 20.04.2051 | 463.767 | 0,21 |
| 1.619.504 Government National Mortgage Association (Class SQ) | 6,10 | 20.09.2048 | 267.033 | 0,12 |
| 3.493.422 Government National Mortgage Association (Class SW) | 6,00 | 20.07.2049 | 483.909 | 0,22 |
| 230.700 Government National Mortgage Association (Class TI) | 3,50 | 20.05.2043 | 35.869 | 0,02 |
| 155.576 Government National Mortgage Association (Class UI) | 5,00 | 20.03.2040 | 27.689 | 0,01 |
| 2.222.819 Government National Mortgage Association (Class VS) | 6,05 | 20.02.2049 | 340.588 | 0,15 |
| 5.307.666 Government National Mortgage Association (Class XD) | 6,49 | 16.01.2040 | 921.145 | 0,41 |
|  |  |  | 79.443.332 | 35,62 |
| CMBS-Anleihen (26,95 %) 575.000 Banc of America Commercial Mortgage Trust 2015-UBS7 (Class B) | 4,36 | 15.09.2048 | 588.994 | 0,26 |
| 751.000 Banc of America Commercial Mortgage Trust 2016-UBS10 (Class C) | 4,85 | 15.07.2049 | 808.659 | 0,36 |
| 2.062.000 Bear Stearns Commercial Mortgage Securities Trust 2007-TOP26 (Class AJ) | 5,43 | 12.01.2045 | 1.587.740 | 0,71 |
| 1.051.000 Benchmark 2018-B1 Mortgage Trust (Class C) | 4,11 | 15.01.2051 | 1.111.963 | 0,50 |
| 110.000 Carrington Mortgage Loan Trust Series 2006-NC2 (Class A4) | 0,34 | 25.06.2036 | 108.025 | 0,05 |
| 1.665.964 Carrington Mortgage Loan Trust Series 2007-RFC1 (Class A3) | 0,24 | 25.12.2036 | 1.621.315 | 0,73 |
| 787.000 CD 2017-CD3 Mortgage Trust (Class D) | 3,25 | 10.02.2050 | 615.241 | 0,28 |
| 1.706.000 CD 2017-CD4 Mortgage Trust (Class D) | 3,30 | 10.05.2050 | 1.552.298 | 0,70 |
| 833.000 Citigroup Commercial Mortgage Trust 2012-GC8 (Class C) | 4,88 | 10.09.2045 | 829.978 | 0,37 |
| 666.387 Citigroup Commercial Mortgage Trust 2013-GC17 (Class D) | 5,10 | 10.11.2046 | 628.238 | 0,28 |
| 1.440.000 Citigroup Commercial Mortgage Trust 2015-GC31 (Class D) | 4,04 | 10.06.2048 | 1.419.381 | 0,64 |

31. Dezember 2021
MBS-ANLEIHEN (80,10 %) (30. Juni 2021: 79,16 %) 
Forts.
| Kapitalbetrag	Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- |
| CMBS-Anleihen (26,95 %)  Forts. 1.151.000 USD Citigroup Commercial Mortgage Trust 2015-P1 (Class C) | 4,37 | 15.09.2048 | 1.186.767 USD | 0,53 |
| 413.000 Commercial 2012-CCRE1 Mortgage Trust (Class B) | 4,61 | 15.05.2045 | 413.718 | 0,19 |
| 678.000 Commercial 2012-CCRE1 Mortgage Trust (Class C) | 5,38 | 15.05.2045 | 634.851 | 0,28 |
| 328.000 Commercial 2012-CCRE4 Mortgage Trust (Class B) | 3,70 | 15.10.2045 | 290.034 | 0,13 |
| 395.000 Commercial 2013-CCRE6 Mortgage Trust (Class D) | 4,09 | 10.03.2046 | 385.610 | 0,17 |
| 1.056.000 Commercial 2013-LC13 Mortgage Trust (Class D) | 5,26 | 10.08.2046 | 1.007.954 | 0,45 |
| 417.000 Commercial 2013-LC6 Mortgage Trust (Class E) | 3,50 | 10.01.2046 | 337.021 | 0,15 |
| 560.000 Commercial 2014-CCRE16 Mortgage Trust (Class C) | 4,92 | 10.04.2047 | 579.903 | 0,26 |
| 650.000 Commercial 2014-CCRE17 Mortgage Trust (Class C) | 4,78 | 10.05.2047 | 675.065 | 0,30 |
| 209.000 Commercial 2014-CCRE17 Mortgage Trust (Class D) | 4,85 | 10.05.2047 | 195.555 | 0,09 |
| 437.000 Commercial 2014-CCRE18 Mortgage Trust (Class C) | 4,75 | 15.07.2047 | 440.517 | 0,20 |
| 803.000 Commercial 2014-CCRE19 Mortgage Trust (Class D) | 4,70 | 10.08.2047 | 784.178 | 0,35 |
| 1.181.000 Commercial 2014-CCRE21 Mortgage Trust (Class C) | 4,42 | 10.12.2047 | 1.205.426 | 0,54 |
| 1.041.000 Commercial 2014-LC15 Mortgage Trust (Class C) | 5,00 | 10.04.2047 | 1.070.086 | 0,48 |
| 1.042.000 Commercial 2014-UBS2 Mortgage Trust (Class C) | 4,97 | 10.03.2047 | 1.065.618 | 0,48 |
| 1.083.000 Commercial 2014-UBS4 Mortgage Trust (Class C) | 4,65 | 10.08.2047 | 1.102.850 | 0,49 |
| 1.525.000 Commercial 2014-UBS4 Mortgage Trust (Class D) | 4,71 | 10.08.2047 | 1.258.005 | 0,56 |
| 1.128.000 Commercial 2015-CCRE23 Mortgage Trust (Class D) | 4,29 | 10.05.2048 | 1.117.428 | 0,50 |
| 1.276.000 Commercial 2015-CCRE26 Mortgage Trust (Class D) | 3,48 | 10.10.2048 | 1.230.140 | 0,55 |
| 385.000 Commercial 2017-COR2 Mortgage Trust (Class D) | 3,00 | 10.09.2050 | 358.065 | 0,16 |
| 771.000 Commercial 2018-COR3 Mortgage Trust (Class D) | 2,81 | 10.05.2051 | 677.695 | 0,30 |
| 884.000 CSAIL 2015-C1 Commercial Mortgage Trust (Class C) | 4,26 | 15.04.2050 | 835.733 | 0,37 |
| 1.206.000 CSAIL 2018-C14 Commercial Mortgage Trust (Class D) | 4,92 | 15.11.2051 | 1.247.082 | 0,56 |
| 1.545.000 CSMC Trust 2016-NXSR (Class B) | 4,25 | 15.12.2049 | 1.434.026 | 0,64 |
| 379.000 DBUBS 2011-LC3 Mortgage Trust (Class D) | 5,37 | 10.08.2044 | 376.764 | 0,17 |
| 324.000 GS Mortgage Securities Trust 2010-C1 (Class D) | 5,99 | 10.08.2043 | 238.495 | 0,11 |
| 325.000 GS Mortgage Securities Trust 2012-GCJ7 (Class D) | 5,54 | 10.05.2045 | 299.000 | 0,13 |
| 1.276.000 GS Mortgage Securities Trust 2013-GC13 (Class D) | 4,06 | 10.07.2046 | 516.023 | 0,23 |
| 900.000 GS Mortgage Securities Trust 2014-GC18 (Class B) | 4,89 | 10.01.2047 | 892.514 | 0,40 |
| 40.000 GS Mortgage Securities Trust 2014-GC18 (Class C) | 4,98 | 10.01.2047 | 22.000 | 0,01 |
| 545.000 GS Mortgage Securities Trust 2014-GC24 (Class C) | 4,53 | 10.09.2047 | 500.500 | 0,22 |
| 47.000 GS Mortgage Securities Trust 2014-GC24 (Class D) | 4,53 | 10.09.2047 | 32.555 | 0,01 |
| 637.000 GS Mortgage Securities Trust 2016-GS2 (Class C) | 4,71 | 10.05.2049 | 677.417 | 0,30 |
| 982.000 GS Mortgage Securities Trust 2017-GS5 (Class C) | 4,30 | 10.03.2050 | 1.028.387 | 0,46 |
| 1.258.000 GS Mortgage Securities Trust 2017-GS5 (Class D) | 3,51 | 10.03.2050 | 1.187.282 | 0,53 |
| 1.750.105 GSAA Home Equity Trust 2006-1 (Class A1) | 0,28 | 25.01.2036 | 673.790 | 0,30 |
| 317.978 JP Morgan Chase Commercial Mortgage Securities Trust 2011-C3 (Class B) | 5,01 | 15.02.2046 | 319.705 | 0,14 |
| 928.000 JP Morgan Chase Commercial Mortgage Securities Trust 2012-C6 (Class D) | 5,12 | 15.05.2045 | 886.195 | 0,40 |
| 18.000 JP Morgan Chase Commercial Mortgage Securities Trust 2013-LC11 (Class D) | 4,16 | 15.04.2046 | 15.027 | 0,01 |
| 750.000 JP Morgan Chase Commercial Mortgage Securities Trust 2014-C20 (Class C) | 4,58 | 15.07.2047 | 750.765 | 0,34 |
| 400.000 JPMBB Commercial Mortgage Securities Trust 2013-C14 (Class D) | 4,55 | 15.08.2046 | 256.204 | 0,11 |
| 399.000 JPMBB Commercial Mortgage Securities Trust 2014-C18 (Class D) | 4,79 | 15.02.2047 | 227.601 | 0,10 |
| 280.000 JPMBB Commercial Mortgage Securities Trust 2014-C25 (Class D) | 3,94 | 15.11.2047 | 218.151 | 0,10 |
| 1.263.000 JPMDB Commercial Mortgage Securities Trust 2017-C5 (Class C) | 4,51 | 15.03.2050 | 1.220.785 | 0,56 |
| 372.000 Morgan Stanley Bank of America Merrill Lynch Trust 2012-C6 (Class G) | 4,50 | 15.11.2045 | 249.612 | 0,11 |
| 171.000 Morgan Stanley Bank of America Merrill Lynch Trust 2013-C12 (Class D) | 4,76 | 15.10.2046 | 162.603 | 0,07 |
| 1.617.223 Morgan Stanley Bank of America Merrill Lynch Trust 2014 C19 (Class D) | 3,25 | 15.12.2047 | 1.555.138 | 0,70 |
| 387.000 Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14 (Class C) | 5,05 | 15.02.2047 | 406.349 | 0,18 |
| 416.000 Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14 (Class D) | 5,05 | 15.02.2047 | 426.525 | 0,19 |
| 315.000 Morgan Stanley Bank of America Merrill Lynch Trust 2015-C21 (Class C) | 4,13 | 15.03.2048 | 288.862 | 0,13 |
| 228.000 Morgan Stanley Bank of America Merrill Lynch Trust 2015-C23 (Class D) | 4,14 | 15.07.2050 | 224.523 | 0,10 |
| 517.000 Morgan Stanley Bank of America Merrill Lynch Trust 2015-C25 (Class D) | 3,07 | 15.10.2048 | 491.713 | 0,22 |
| 624.000 Morgan Stanley Bank of America Merrill Lynch Trust 2015-C26 (Class D) | 3,06 | 15.10.2048 | 598.442 | 0,27 |
| 192.000 Morgan Stanley Bank of America Merrill Lynch Trust 2017-C34 (Class D) | 2,70 | 15.11.2052 | 167.372 | 0,08 |
| 25.000 Morgan Stanley Capital I Trust 2011-C3 (Class E) | 5,09 | 15.07.2049 | 22.815 | 0,01 |
| 304.000 Morgan Stanley Capital I Trust 2016-BNK2 (Class D) | 3,00 | 15.11.2049 | 264.696 | 0,12 |


## 31. Dezember 2021
| MBS-ANLEIHEN (80,10 %) (30. Juni 2021: 79,16 %)  Forts. |  |  |  |  |
| --- | --- | --- | --- | --- |
| Kapitalbetrag	Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| CMBS-Anleihen (26,95 %)  Forts. 131.911 USD NRZ Excess Spread-Collateralized Notes Series 2020-PLS1 (Class A) | 3,84 | 25.12.2025 | 132.473 USD | 0,06 |
| 852.000 Ready Capital Mortgage Financing 2020-FL4 LLC (Class C) | 4,85 | 25.02.2035 | 850.957 | 0,38 |
| 1.620.000 UBS Commercial Mortgage Trust 2018-C13 (Class C) | 4,93 | 15.10.2051 | 1.747.399 | 0,79 |
| 1.386.000 UBS-Barclays Commercial Mortgage Trust 2013-C6 (Class B) | 3,88 | 10.04.2046 | 1.392.348 | 0,63 |
| 284.312 UBS-Citigroup Commercial Mortgage Trust 2011-C1 (Class B) | 6,41 | 10.01.2045 | 283.708 | 0,13 |
| 1.897.431 WaMu Asset-Backed Certificates WaMu Series 2007-HE4 Trust (Class 1A) | 0,27 | 25.07.2047 | 1.594.265 | 0,71 |
| 1.114.000 Wells Fargo Commercial Mortgage Trust 2015-C30 (Class D) | 4,50 | 15.09.2058 | 1.123.203 | 0,50 |
| 1.676.000 Wells Fargo Commercial Mortgage Trust 2016-C33 (Class D) | 3,12 | 15.03.2059 | 1.573.546 | 0,71 |
| 401.000 Wells Fargo Commercial Mortgage Trust 2016-LC24 (Class D) | 3,21 | 15.10.2049 | 368.753 | 0,17 |
| 1.488.000 Wells Fargo Commercial Mortgage Trust 2016-NXS5 (Class D) | 4,98 | 15.01.2059 | 1.534.857 | 0,70 |
| 1.054.000 Wells Fargo Commercial Mortgage Trust 2018-C46 (Class C) | 4,99 | 15.08.2051 | 1.140.649 | 0,52 |
| 811.000 WFRBS Commercial Mortgage Trust 2012-C10 (Class B) | 3,74 | 15.12.2045 | 803.587 | 0,36 |
| 13.000 WFRBS Commercial Mortgage Trust 2012-C10 (Class D) | 4,41 | 15.12.2045 | 8.948 | - |
| 1.456.000 WFRBS Commercial Mortgage Trust 2012-C9 (Class D) | 4,81 | 15.11.2045 | 1.451.679 | 0,65 |
| 507.000 WFRBS Commercial Mortgage Trust 2013-C13 (Class D) | 4,14 | 15.05.2045 | 497.973 | 0,22 |
|  |  |  | 60.107.314 | 26,95 |
| RMBS-Anleihen (nicht von Behörden) (17,53 %) 2.274.970 American Home Mortgage Investment Trust 2007-1 (Class GA1C) | 0,29 | 25.05.2047 | 1.307.549 | 0,59 |
| 11.290 Bear Stearns ALT-A Trust 2005-8 (Class 21A1) | 2,46 | 25.10.2035 | 10.423 | - |
| 200.000 Connecticut Avenue Securities Trust 2019-R02 (Class 1B1) | 4,25 | 25.08.2031 | 204.836 | 0,09 |
| 1.090.650 Fannie Mae Connecticut Avenue Securities (Class 1B) | 9,35 | 25.04.2029 | 1.194.811 | 0,54 |
| 1.331.758 Fannie Mae Connecticut Avenue Securities (Class 1B) | 10,35 | 25.01.2029 | 1.496.159 | 0,67 |
| 1.271.866 Fannie Mae Connecticut Avenue Securities (Class 1B) | 11,85 | 25.10.2028 | 1.461.509 | 0,66 |
| 335.332 Fannie Mae Connecticut Avenue Securities (Class 1B) | 11,85 | 25.08.2028 | 376.137 | 0,17 |
| 218.000 Fannie Mae Connecticut Avenue Securities (Class 1B1) | 4,25 | 25.02.2030 | 230.930 | 0,10 |
| 78.000 Fannie Mae Connecticut Avenue Securities (Class 1B1) | 4,95 | 25.10.2029 | 84.561 | 0,04 |
| 1.667.000 Fannie Mae Connecticut Avenue Securities (Class 1B1) | 5,85 | 25.07.2029 | 1.829.300 | 0,82 |
| 1.559.964 Fannie Mae Connecticut Avenue Securities (Class 1M2) | 3,10 | 25.10.2029 | 1.596.425 | 0,72 |
| 1.000.000 Fannie Mae Connecticut Avenue Securities (Class 1M2C) | 2,30 | 25.01.2030 | 1.015.355 | 0,46 |
| 2.292.000 Fannie Mae Connecticut Avenue Securities (Class 1M2C) | 3,65 | 25.07.2029 | 2.374.993 | 1,06 |
| 9.955 Fannie Mae Connecticut Avenue Securities (Class 2B) | 12,85 | 25.10.2028 | 11.335 | 0,01 |
| 2.300.000 Fannie Mae Connecticut Avenue Securities (Class 2B1) | 4,20 | 25.03.2031 | 2.381.066 | 1,07 |
| 1.700.000 Fannie Mae Connecticut Avenue Securities (Class 2B1) | 4,60 | 25.12.2030 | 1.786.572 | 0,80 |
| 10.000 Fannie Mae Connecticut Avenue Securities (Class 2B1) | 4,55 | 25.05.2030 | 10.379 | - |
| 10.000 Fannie Mae Connecticut Avenue Securities (Class 2B1) | 5,60 | 25.09.2029 | 10.963 | - |
| 57.706 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 2,90 | 25.02.2030 | 58.898 | 0,03 |
| 58.797 Fannie Mae Connecticut Avenue Securities (Class B) | 11,24 | 25.01.2029 | 64.579 | 0,03 |
| 1.244.326 Freddie Mac Structured Agency Credit Risk Debt Notes (Class B) | 12,85 | 25.09.2028 | 1.453.595 | 0,65 |
| 1.361.966 Freddie Mac Structured Agency Credit Risk Debt Notes (Class B) | 10,10 | 25.07.2028 | 1.506.759 | 0,68 |
| 440.496 Freddie Mac Structured Agency Credit Risk Debt Notes (Class B) | 9,45 | 25.04.2028 | 474.715 | 0,21 |
| 830.574 Freddie Mac Structured Agency Credit Risk Debt Notes (Class B) | 7,65 | 25.12.2027 | 873.251 | 0,39 |
| 1.280.000 Freddie Mac Structured Agency Credit Risk Debt Notes (Class B1) | 4,55 | 25.03.2030 | 1.356.019 | 0,61 |
| 1.300.000 Freddie Mac Structured Agency Credit Risk Debt Notes (Class B1) | 4,85 | 25.12.2029 | 1.404.835 | 0,63 |
| 250.000 Freddie Mac Structured Agency Credit Risk Debt Notes (Class B1) | 5,25 | 25.10.2029 | 272.236 | 0,12 |
| 670.000 Freddie Mac Structured Agency Credit Risk Debt Notes (Class B1) | 5,05 | 25.07.2029 | 727.426 | 0,33 |
| 524.923 Freddie Mac Structured Agency Credit Risk Debt Notes (Class B2) | 10,10 | 25.07.2029 | 553.569 | 0,25 |
| 109.461 Freddie Mac Structured Agency Credit Risk Debt Notes (Class M2) | 1,90 | 25.07.2030 | 110.145 | 0,05 |
| 170.000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class B2) | 5,70 | 25.12.2050 | 178.024 | 0,08 |
| 440.000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class B2) | 11,55 | 25.10.2050 | 577.775 | 0,26 |
| 1.269.000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class B2) | 10,10 | 25.08.2050 | 1.561.663 | 0,70 |
| 1.222.000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class B2) | 10,10 | 25.07.2050 | 1.483.203 | 0,66 |
| 901.000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class B2) | 9,45 | 25.06.2050 | 1.077.821 | 0,48 |
| 28.000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class B2) | 10,60 | 25.03.2049 | 30.936 | 0,01 |
| 20.000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class B2) | 12,35 | 25.02.2049 | 22.300 | 0,01 |
| 10.000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class B2) | 10,85 | 25.01.2049 | 11.090 | - |
| 520.000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class B2) | 7,50 | 25.11.2048 | 538.736 | 0,24 |
| 1.066.000 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class B2) | 11,10 | 25.10.2048 | 1.241.319 | 0,56 |

31. Dezember 2021
MBS-ANLEIHEN (80,10 %) (30. Juni 2021: 79,16 %) 
Forts.
| Kapitalbetrag	Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- |
| RMBS-Anleihen (nicht von Behörden) (17,53 %)  Forts. 69.864 USD Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class M2) | 1,95 | 25.02.2050 | 70.104 USD | 0,03 |
| 19.117 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class M2) | 2,55 | 25.03.2049 | 19.326 | 0,01 |
| 17.734 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class M2) | 2,75 | 25.01.2049 | 17.943 | 0,01 |
| 48.352 Morgan Stanley Re-REMIC Trust 2010-R4 (Class 4B) | 0,65 | 26.02.2037 | 46.453 | 0,02 |
| 150.000 Oaktown Re II Limited (Class M2) | 2,95 | 25.07.2028 | 150.518 | 0,07 |
| 435.000 Radnor Re 2018-1 Limited (Class M2) | 2,80 | 25.03.2028 | 437.931 | 0,20 |
| 250.000 Seasoned Credit Risk Transfer Trust Series 2017-3 (Class M2) | 4,75 | 25.07.2056 | 256.066 | 0,11 |
| 1.740.000 Seasoned Credit Risk Transfer Trust Series 2018-4 (Class M) | 4,75 | 25.03.2058 | 1.817.071 | 0,81 |
| 1.780.000 Seasoned Credit Risk Transfer Trust Series 2019-4 (Class M) | 4,50 | 25.02.2059 | 1.836.074 | 0,82 |
| 1.336.000 STACR Trust 2018-DNA3 (Class B2) | 7,85 | 25.09.2048 | 1.442.955 | 0,65 |
| 47.801 Structured Asset Mortgage Investments II Trust 2006-AR7 (Class A1BG) | 0,22 | 25.08.2036 | 46.010 | 0,02 |
|  |  |  | 39.102.648 | 17,53 |
| Summe MBS-Anleihen |  |  | 178.653.294 USD | 80,10 |
| RÜCKKAUFVEREINBARUNGEN (7,71 %) (30. Juni 2021: 8,25 %) |  |  |  |  |
| Kapitalbetrag | Effektivzins | Fälligkeit | Wert USD | % vom Teilfonds |
| 17.191.000 USD Repurchase Agreement - Barclays Capital Incorporated* | 0,04 | 03.01.2022 | 17.191.000 USD | 7,71 |
| Summe Rückkaufvereinbarungen |  |  | 17.191.000 USD | 7,71 |

*Beteiligung an einer großvolumigen Rückkaufvereinbarung vom 31. Dezember 2021 über 25.000.000 USD mit Barclays Capital Incorporated, fällig am 3. Januar 2022 mit einem Fälligkeitswert von 17.191.057 USD bei einem Effektivzins von 0,040 % (besichert durch US-Treasuries (einschließlich Strips) mit einem Kupon von 3,375 % und dem 15. November 2048 als Fälligkeitstermin, die mit 25.500.000 USD bewertet sind).
| COMMERCIAL PAPER (3,69 %) (30. Juni 2021: 5,46 %) |  |
| --- | --- |
| Kapitalbetrag | Zins (%) | Fälligkeit | Wert USD | % vom Teilfonds |
| 1.250.000 USD BPCE | 0,11 | 14.01.2022 | 1.249.950 USD | 0,56 |
| 1.375.000 DNB Bank ASA | 0,14 | 08.03.2022 | 1.374.647 | 0,62 |
| 1.500.000 Mitsubishi UFJ | 0,12 | 24.01.2022 | 1.499.885 | 0,67 |
| 1.100.000 Nationwide Building Society | 0,17 | 20.01.2022 | 1.099.901 | 0,49 |
| 1.450.000 Toronto-Dominion Bank | 0,12 | 18.01.2022 | 1.449.918 | 0,65 |
| 1.555.000 Total Capital Canada Limited | 0,13 | 25.02.2022 | 1.554.692 | 0,70 |
| Summe Commercial Paper |  |  | 8.228.993 USD | 3,69 |
| US-AMERIKANISCHE SCHATZOBLIGATIONEN (5,91 %) (30. Juni 2021: 8,82 %) |  |  |  |  |
| Zins Kapitalbetrag	(%) | Fälligkeit | Wert USD | % vom Teilfonds |
| 3.400.000 USD United States Treasury Bill | 0,07 | 05.05.2022 | 3.399.182 USD | 1,52 |
| 4.000.000 United States Treasury Bill1 | 0,05 | 14.04.2022 | 3.999.410 | 1,79 |
| 1.300.000 United States Treasury Bill2 | 0,04 | 24.03.2022 | 1.299.841 | 0,59 |
| 3.000.000 United States Treasury Bill3 | 0,04 | 10.03.2022 | 2.999.783 | 1,34 |
| 1.500.000 United States Treasury Bill4 | 0,04 | 10.02.2022 | 1.499.933 | 0,67 |
| Summe US-amerikanischer Schatzobligationen |  |  | 13.198.149 USD | 5,91 |
| Gesamtwert der Kapitalanlagen ohne derivative Finanzinstrumente |  |  | 351.233.070 USD | 157,47 |

1 Teilweise von Barclays Bank PLC als Sicherheit gehalten (995 USD).
2 Teilweise von Morgan Stanley als Sicherheit gehalten (233.802 USD).
3 Teilweise von der Citigroup Global Markets Incorporated (1.462.504 USD), JP Morgan Securities Incorporated (781.992 USD) und Morgan Stanley (158.189 USD) als Sicherheit gehalten.
4 Teilweise von der Citigroup Global Markets Incorporated (672.620 USD), JP Morgan Securities Incorporated (109.450 USD) und Morgan Stanley (191.040 USD) als Sicherheit gehalten.
OFFENE FUTURES-KONTRAKTE (-0,28 %) (30. Juni 2021: -0,17 %)
| Anzahl von Kontrakten | Nennbetrag | Wert | Verfall- termin | Nicht realisierter Wertverlust USD | % vom Teilfonds |
| --- | --- | --- | --- | --- | --- |
| U.S. Treasury Note Ultra 10 yr (Short)	259 | 37.927.313 USD | 37.927.313 USD | Mär -22 | (631.313) USD | (0,28) |
| Nicht realisierter Wertverlust aus ausstehenden Futures-Kontrakten | (631.313) USD | (0,28) |
| Abrechnung des variablen Einschusses bis dato | - USD | - |
| Kumulierter nicht realisierter Wertverlust abzgl. der Abrechnung des variablen Einschusses bis dato | (631.313) USD | (0,28) |
| Der Makler für die Futures-Kontrakte im Teilfonds ist JP Morgan Securities Incorporated. |  |  |


## 31. Dezember 2021
AUSSTEHENDE TBA-VERKAUFSVERPFLICHTUNGEN (-21,51 %) (30. Juni 2021: -14,47 %)
| Kapitalbetrag Behörde | Kuponsatz % | Abrechnungs- termine | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- | --- |
| 1.000.000 USD Government National Mortgage Association | 4,00 | 20.01.2022 | (1.052.311) USD | (0,47) |
| 11.000.000 Uniform Mortgage Backed Securities | 2,00 | 13.01.2022 | (10.973.532) | (4,92) |
| 23.000.000 Uniform Mortgage Backed Securities | 2,50 | 13.01.2022 | (23.485.167) | (10,53) |
| 10.000.000 Uniform Mortgage Backed Securities | 3,00 | 13.01.2022 | (10.363.672) | (4,65) |
| 2.000.000 Uniform Mortgage Backed Securities | 3,50 | 13.01.2022 | (2.106.250) | (0,94) |

Summe ausstehender TBA-Verkaufsverpflichtungen	(47.980.932) USD	(21,51)
AUSSTEHENDE ZENTRAL ABGEWICKELTE ZINSSWAPKONTRAKTE (-0,01 %) (30. Juni 2021: -0,06 %)
Im Voraus erhaltene/
Nicht realisierter
Vom Teilfonds Wertzuwachs/ % vom
| Nennwert | Wert |  | (gezahlte) Prämie | Ablauftermin | Vom Teilfonds (geleistete) Zahlungen | vereinnahmte Zahlungen | (Wertverlust) USD | Teil- fonds |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 153.760.000 USD | 93.794 USD | (E) | 76.841 USD | 16.03.2024 | 0,90 % - Jährlich | Secured Overnight Financing Rate - Jährlich | (16.953) USD | (0,01) |
| 109.336.000 | 430.784 | (E) | 491.527 | 16.03.2027 | 1,25 % - Jährlich | Secured Overnight Financing Rate - Jährlich | 60.744 | 0,02 |
| 12.265.000 | 61.816 | (E) | (81.121) | 16.03.2032 | Secured Overnight Financing Rate - Jährlich | 1,40 % - Jährlich | (19.305) | (0,01) |
| 7.853.000 | 263.625 | (E) | (287.772) | 16.03.2052 | Secured Overnight Financing Rate - Jährlich | 1,60 % - Jährlich | (24.147) | (0,01) |
| 55.685.000 | 8.910 |  | (210) | 31.12.2023 | 0,7415 % - Jährlich | Secured Overnight Financing Rate - Jährlich | (10.266) | - |
| 18.585.000 | 12.080 |  | (150) | 31.12.2026 | Secured Overnight Financing Rate - Jährlich | 1,126 % - Jährlich | 12.511 | 0,01 |
| 4.917.000 | 4.769 |  | (40) | 03.01.2027 | 1,135 % - Jährlich | Secured Overnight Financing Rate - Jährlich | (4.809) | - |

Nicht realisierter Wertzuwachs aus zentral abgewickelten ausstehenden Zinsswapkontrakten	73.255 USD	0,03
Nicht realisierter Wertverlust aus zentral abgewickelten ausstehenden Zinsswapkontrakten	(75.480) USD (0,03)
Nicht realisierter Wertverlust aus zentral abgewickelten ausstehenden Zinsswapkontrakten, netto	(2.225) USD	-
Abrechnung des variablen Einschusses bis dato	(28.602) USD (0,01)
Kumulierter nicht realisierter Wertverlust abzgl. der Abrechnung des variablen Einschusses bis dato	(30.827) USD (0,01)
- Siehe Anmerkung 2 im Anhang zum geprüften Jahresabschluss für das Geschäftsjahr zum 30. Juni 2021 in Bezug auf die verlängerten Stichtage.

AUSSTEHENDE OTC-KREDITAUSFALLKONTRAKTE - VERKAUFTER SICHERUNGSSCHUTZ (0,86 %) (30. Juni 2021: 1,26 %)
| Swap-Kontrahent/ Referenzanleihe* | Rating*** | Im Voraus erhaltene/ (gezahlte) Prämie** | Nennbetrag | Wert | Ablauftermin | Vom Teilfonds vereinnahmte Zahlungen | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teilfonds |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Citigroup Global Markets, Inc. CMBX NA A.6 Index	BBB+/P | 31.801 USD | 206.000 USD | 20.167 USD | 11.05.2063 | 200 Bp - Monatlich | 11.714 USD | 0,01 |
| CMBX NA A.6 Index | BBB+/P | 35.243 | 254.000 | 24.867 | 11.05.2063 | 200 Bp - Monatlich | 10.475 | - |
| CMBX NA A.6 Index | BBB+/P | 36.073 | 307.000 | 30.055 | 11.05.2063 | 200 Bp - Monatlich | 6.137 | - |
| CMBX NA A.6 Index | BBB+/P | 68.451 | 387.000 | 37.887 | 11.05.2063 | 200 Bp - Monatlich | 30.714 | 0,01 |
| CMBX NA A.6 Index | BBB+/P | 75.543 | 451.000 | 44.153 | 11.05.2063 | 200 Bp - Monatlich | 31.565 | 0,01 |
| CMBX NA A.6 Index | BBB+/P | 91.204 | 603.000 | 59.034 | 11.05.2063 | 200 Bp - Monatlich | 32.405 | 0,01 |
| CMBX NA A.6 Index | BBB+/P | 74.931 | 693.000 | 67.845 | 11.05.2063 | 200 Bp - Monatlich | 7.355 | - |
| CMBX NA A.6 Index | BBB+/P | 111.904 | 882.000 | 86.348 | 11.05.2063 | 200 Bp - Monatlich | 25.899 | 0,01 |
| CMBX NA A.6 Index | BBB+/P | 516.538 | 4.805.000 | 470.410 | 11.05.2063 | 200 Bp - Monatlich | 47.997 | 0,02 |
| CMBX NA A.6 Index | BBB+/P | 857.360 | 6.124.000 | 599.540 | 11.05.2063 | 200 Bp - Monatlich | 260.202 | 0,12 |
| CMBX NA A.6 Index | BBB+/P | 1.016.359 | 8.514.000 | 833.521 | 11.05.2063 | 200 Bp - Monatlich | 186.149 | 0,08 |
| CMBX NA BB.11 Index | BB-/P | 347.475 | 615.000 | 56.273 | 18.11.2054 | 500 Bp - Monatlich | 291.800 | 0,13 |
| CMBX NA BB.9 Index | B/P | 2.443 | 12.000 | 2.771 | 17.09.2058 | 500 Bp - Monatlich | (316) | - |
| CMBX NA BB.9 Index | B/P | 115.998 | 568.000 | 131.151 | 17.09.2058 | 500 Bp - Monatlich | (14.601) | (0,01) |
| CMBX NA BBB-.10 Index | BB+/P | 42.764 | 392.000 | 35.045 | 17.11.2059 | 300 Bp - Monatlich | 7.948 | - |
| CMBX NA BBB-.12 Index | BBB-/P | 6.965 | 167.000 | 8.617 | 17.08.2061 | 300 Bp - Monatlich | (1.555) | - |
| CMBX NA BBB-.12 Index | BBB-/P | 11.020 | 187.000 | 9.649 | 17.08.2061 | 300 Bp - Monatlich | 1.480 | - |
| CMBX NA BBB-.12 Index | BBB-/P | 402.957 | 2.542.000 | 131.167 | 17.08.2061 | 300 Bp - Monatlich | 273.273 | 0,12 |
| CMBX NA BBB-.6 Index | B+/P | 7.260 | 21.980 | 6.150 | 11.05.2063 | 300 Bp - Monatlich | 1.123 | - |
| CMBX NA BBB-.6 Index | B+/P | 10.791 | 163.852 | 45.846 | 11.05.2063 | 300 Bp - Monatlich | (34.960) | (0,02) |
| CMBX NA BBB-.6 Index | B+/P | 60.453 | 887.199 | 248.238 | 11.05.2063 | 300 Bp - Monatlich | (187.267) | (0,09) |


## 31. Dezember 2021
AUSSTEHENDE OTC-KREDITAUSFALLKONTRAKTE - VERKAUFTER SICHERUNGSSCHUTZ (0,86 %) (30. Juni 2021: 1,26 %) Forts.
| Swap-Kontrahent/ Referenzanleihe* | Rating*** | Im Voraus erhaltene/ (gezahlte) Prämie** | Nennbetrag | Wert | Ablauftermin | Vom Teilfonds vereinnahmte Zahlungen | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teilfonds |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Credit Suisse International CMBX NA BB.7 Index | B/P | 535 USD | 4.000 USD | 1.348 USD | 17.01.2047 | 500 Bp - Monatlich | (809) USD | - |
| CMBX NA BBB-.6 Index | B+/P | 994 | 8.992 | 2.516 | 11.05.2063 | 300 Bp - Monatlich | (1.516) | - |
| Goldman Sachs International CMBX NA A.6 Index | BBB+/P | 4.648 | 26.000 | 2.545 | 11.05.2063 | 200 Bp - Monatlich | 2.112 | - |
| CMBX NA A.6 Index | BBB+/P | 6.531 | 55.000 | 5.385 | 11.05.2063 | 200 Bp - Monatlich | 1.168 | - |
| CMBX NA A.6 Index | BBB+/P | 12.825 | 108.000 | 10.573 | 11.05.2063 | 200 Bp - Monatlich | 2.294 | - |
| CMBX NA A.6 Index | BBB+/P | 46.320 | 384.000 | 37.594 | 11.05.2063 | 200 Bp - Monatlich | 8.876 | - |
| CMBX NA A.6 Index | BBB+/P | 68.503 | 583.000 | 57.076 | 11.05.2063 | 200 Bp - Monatlich | 11.654 | 0,01 |
| CMBX NA A.6 Index | BBB+/P | 71.602 | 611.000 | 59.817 | 11.05.2063 | 200 Bp - Monatlich | 12.022 | 0,01 |
| CMBX NA BB.6 Index | B-/P | 1.420 | 9.600 | 4.231 | 11.05.2063 | 500 Bp - Monatlich | (2.801) | - |
| CMBX NA BBB-.11 Index | BBB-/P | 64 | 1.000 | 47 | 18.11.2054 | 300 Bp - Monatlich | 17 | - |
| CMBX NA BBB-.11 Index | BBB-/P | 64 | 1.000 | 47 | 18.11.2054 | 300 Bp - Monatlich | 17 | - |
| CMBX NA BBB-.6 Index | B+/P | 528 | 1.998 | 559 | 11.05.2063 | 300 Bp - Monatlich | (30) | - |
| JPMorgan Securities LLC CMBX NA A.6 Index | BBB+/P | 37.520 | 268.000 | 26.237 | 11.05.2063 | 200 Bp - Monatlich | 11.387 | 0,01 |
| CMBX NA A.6 Index | BBB+/P | 158.155 | 1.061.000 | 103.872 | 11.05.2063 | 200 Bp - Monatlich | 54.696 | 0,02 |
| CMBX NA A.6 Index | BBB+/P | 158.966 | 1.183.000 | 115.816 | 11.05.2063 | 200 Bp - Monatlich | 43.610 | 0,02 |
| CMBX NA A.6 Index | BBB+/P | 158.290 | 1.439.000 | 140.878 | 11.05.2063 | 200 Bp - Monatlich | 17.972 | 0,01 |
| CMBX NA A.6 Index | BBB+/P | 537.188 | 3.000.000 | 293.700 | 11.05.2063 | 200 Bp - Monatlich | 244.654 | 0,12 |
| CMBX NA A.6 Index | BBB+/P | 395.123 | 3.099.000 | 303.392 | 11.05.2063 | 200 Bp - Monatlich | 92.936 | 0,04 |
| CMBX NA BB.7 Index | B/P | 128.290 | 262.000 | 88.320 | 17.01.2047 | 500 Bp - Monatlich | 40.224 | 0,02 |
| CMBX NA BBB-.11 Index | BBB-/P | 47.985 | 874.000 | 41.253 | 18.11.2054 | 300 Bp - Monatlich | 7.242 | - |
| Morgan Stanley & Co. Intern CMBX NA A.6 Index | ational PLC BBB+/P | 8.800 | 88.000 | 8.615 | 11.05.2063 | 200 Bp - Monatlich | 219 | - |
| CMBX NA A.6 Index | BBB+/P | 22.000 | 220.000 | 21.538 | 11.05.2063 | 200 Bp - Monatlich | 548 | - |
| CMBX NA A.6 Index | BBB+/P | 59.688 | 382.000 | 37.398 | 11.05.2063 | 200 Bp - Monatlich | 22.438 | 0,01 |
| CMBX NA A.6 Index | BBB+/P | 132.500 | 1.000.000 | 97.900 | 11.05.2063 | 200 Bp - Monatlich | 34.989 | 0,02 |
| CMBX NA A.6 Index | BBB+/P | 148.540 | 1.061.000 | 103.872 | 11.05.2063 | 200 Bp - Monatlich | 45.081 | 0,02 |
| CMBX NA A.6 Index | BBB+/P | 184.704 | 1.463.000 | 143.228 | 11.05.2063 | 200 Bp - Monatlich | 42.045 | 0,02 |
| CMBX NA A.6 Index | BBB+/P | 215.478 | 1.759.000 | 172.206 | 11.05.2063 | 200 Bp - Monatlich | 43.955 | 0,02 |
| CMBX NA A.6 Index | BBB+/P | 288.563 | 2.025.000 | 198.248 | 11.05.2063 | 200 Bp - Monatlich | 91.103 | 0,04 |
| CMBX NA A.6 Index | BBB+/P | 151.919 | 2.230.000 | 218.317 | 11.05.2063 | 200 Bp - Monatlich | (65.531) | (0,03) |
| CMBX NA A.6 Index | BBB+/P | 193.200 | 2.240.000 | 219.296 | 11.05.2063 | 200 Bp - Monatlich | (25.225) | (0,01) |
| CMBX NA A.6 Index | BBB+/P | 490.078 | 2.761.000 | 270.302 | 11.05.2063 | 200 Bp - Monatlich | 220.849 | 0,11 |
| CMBX NA A.6 Index | BBB+/P | 222.560 | 2.782.000 | 272.358 | 11.05.2063 | 200 Bp - Monatlich | (48.716) | (0,02) |
| CMBX NA BB.11 Index | BB-/P | 3.132 | 37.000 | 3.386 | 18.11.2054 | 500 Bp - Monatlich | (218) | - |
| CMBX NA BB.9 Index | B/P | 108.551 | 271.000 | 62.574 | 17.09.2058 | 500 Bp - Monatlich | 46.240 | 0,02 |
| CMBX NA BBB-.12 Index | BBB-/P | 4.538 | 77.000 | 3.973 | 17.08.2061 | 300 Bp - Monatlich | 609 | - |
| CMBX NA BBB-.6 Index | B+/P | 3.596 | 47.957 | 13.418 | 11.05.2063 | 300 Bp - Monatlich | (9.794) | - |

Nicht realisierter Wertzuwachs aus ausstehenden OTC-Kreditausfallkontrakten - Verkaufter Sicherungsschutz		2.325.193 USD		1,04 Nicht realisierter Wertverlust aus ausstehenden OTC-Kreditausfallkontrakten - Verkaufter Sicherungsschutz	(393.339) USD (0,18) Nicht realisierter Wertzuwachs aus ausstehenden OTC-Kreditausfallkontrakten, netto - Verkaufter Sicherungsschutz		 1.931.854 USD	0,86
AUSSTEHENDE OTC-KREDITAUSFALLKONTRAKTE - GEKAUFTER SICHERUNGSSCHUTZ (-0,40 %) (30. Juni 2021: -0,70 %)
| Swap-Kontrahent/ Referenzanleihe* | Im Voraus erhaltene/ (gezahlte) Prämie** | Nennbetrag | Wert | Ablauftermin | Zahlungen (geleistete) Zahlungen | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teilfonds |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Citigroup Global Markets, Inc. CMBX NA BB.10 Index | (90.780) USD | 356.000 USD | 98.078 USD | 17.11.2059 | (500 Bp) - Monatlich | 6.952 USD | - |
| CMBX NA BB.10 Index | (329) | 3.000 | 827 | 17.11.2059 | (500 Bp) - Monatlich | 495 | - |
| CMBX NA BB.11 Index | (29.431) | 577.000 | 52.796 | 18.11.2054 | (500 Bp) - Monatlich | 22.803 | 0,01 |
| CMBX NA BB.7 Index | (19.249) | 286.000 | 96.411 | 17.01.2047 | (500 Bp) - Monatlich | 76.883 | 0,03 |
| CMBX NA BB.8 Index | (3.161) | 17.394 | 6.583 | 17.10.2057 | (500 Bp) - Monatlich | 3.406 | - |
| CMBX NA BB.8 Index | (745) | 5.798 | 2.195 | 17.10.2057 | (500 Bp) - Monatlich | 1.444 | - |


## 31. Dezember 2021
AUSSTEHENDE OTC-KREDITAUSFALLKONTRAKTE - GEKAUFTER SICHERUNGSSCHUTZ (-0,40 %) (30. Juni 2021: -0,70 %) Forts.
| Swap-Kontrahent/ Referenzanleihe* | Im Voraus erhaltene/ (gezahlte) Prämie** | Nennbetrag | Wert | Ablauftermin | Zahlungen (geleistete) Zahlungen | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teilfonds |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Citigroup Global Markets, Inc CMBX NA BBB-.10 Index | . Forts. (185.895) USD | 1.464.000 USD | 130.882 USD | 17.11.2059 | (300 Bp) - Monatlich | (55.868) USD | (0,03) |
| CMBX NA BBB-.10 Index | (80.400) | 337.000 | 30.128 | 17.11.2059 | (300 Bp) - Monatlich | (50.468) | (0,03) |
| CMBX NA BBB-.10 Index | (59.632) | 274.000 | 24.496 | 17.11.2059 | (300 Bp) - Monatlich | (35.296) | (0,02) |
| CMBX NA BBB-.10 Index | (42.271) | 268.000 | 23.959 | 17.11.2059 | (300 Bp) - Monatlich | (18.468) | (0,01) |
| CMBX NA BBB-.10 Index | (29.065) | 228.000 | 20.383 | 17.11.2059 | (300 Bp) - Monatlich | (8.814) | - |
| CMBX NA BBB-.10 Index | (8.286) | 65.000 | 5.811 | 17.11.2059 | (300 Bp) - Monatlich | (2.513) | - |
| CMBX NA BBB-.11 Index | (31.644) | 215.000 | 10.148 | 18.11.2054 | (300 Bp) - Monatlich | (21.622) | (0,01) |
| CMBX NA BBB-.11 Index | (23.108) | 157.000 | 7.410 | 18.11.2054 | (300 Bp) - Monatlich | (15.789) | (0,01) |
| CMBX NA BBB-.12 Index | (217.631) | 690.000 | 35.604 | 17.08.2061 | (300 Bp) - Monatlich | (182.430) | (0,08) |
| CMBX NA BBB-.12 Index | (100.608) | 594.000 | 30.650 | 17.08.2061 | (300 Bp) - Monatlich | (70.304) | (0,03) |
| CMBX NA BBB-.12 Index | (96.077) | 505.000 | 26.058 | 17.08.2061 | (300 Bp) - Monatlich | (70.314) | (0,03) |
| CMBX NA BBB-.12 Index | (23.523) | 392.000 | 20.227 | 17.08.2061 | (300 Bp) - Monatlich | (3.524) | - |
| CMBX NA BBB-.12 Index | (77.884) | 221.000 | 11.404 | 17.08.2061 | (300 Bp) - Monatlich | (66.609) | (0,03) |
| CMBX NA BBB-.12 Index | (23.855) | 117.000 | 6.037 | 17.08.2061 | (300 Bp) - Monatlich | (17.886) | (0,01) |
| CMBX NA BBB-.12 Index | (13.457) | 66.000 | 3.406 | 17.08.2061 | (300 Bp) - Monatlich | (10.090) | - |
| CMBX NA BBB-.8 Index | (40.204) | 302.000 | 41.102 | 17.10.2057 | (300 Bp) - Monatlich | 722 | - |
| CMBX NA BBB-.8 Index | (32.532) | 205.000 | 27.901 | 17.10.2057 | (300 Bp) - Monatlich | (4.751) | - |
| CMBX NA BBB-.8 Index | (32.403) | 205.000 | 27.901 | 17.10.2057 | (300 Bp) - Monatlich | (4.623) | - |
| CMBX NA BBB-.8 Index | (29.219) | 187.000 | 25.451 | 17.10.2057 | (300 Bp) - Monatlich | (3.877) | - |
| CMBX NA BBB-.9 Index | (29.101) | 123.000 | 11.562 | 17.09.2058 | (300 Bp) - Monatlich | (17.610) | (0,01) |
| Credit Suisse International CMBX NA BB.10 Index | (667) | 5.000 | 1.378 | 17.11.2059 | (500 Bp) - Monatlich | 706 | - |
| CMBX NA BB.10 Index | (595) | 5.000 | 1.378 | 17.11.2059 | (500 Bp) - Monatlich | 778 | - |
| CMBX NA BB.10 Index | (373) | 3.000 | 827 | 17.11.2059 | (500 Bp) - Monatlich | 451 | - |
| CMBX NA BB.8 Index | (5.958) | 32.855 | 12.435 | 17.10.2057 | (500 Bp) - Monatlich | 6.446 | - |
| Goldman Sachs International CMBX NA A.6 Index | (9.433) | 98.000 | 9.594 | 11.05.2063 | (200 Bp) - Monatlich | 124 | - |
| CMBX NA BB.10 Index | (176.475) | 780.000 | 214.890 | 17.11.2059 | (500 Bp) - Monatlich | 37.657 | 0,02 |
| CMBX NA BB.10 Index | (54.225) | 180.000 | 49.590 | 17.11.2059 | (500 Bp) - Monatlich | (4.810) | - |
| CMBX NA BB.8 Index | (218.025) | 601.047 | 227.496 | 17.10.2057 | (500 Bp) - Monatlich | 8.888 | - |
| CMBX NA BB.8 Index | (218.400) | 601.047 | 227.496 | 17.10.2057 | (500 Bp) - Monatlich | 8.513 | - |
| CMBX NA BB.8 Index | (24.477) | 65.709 | 24.871 | 17.10.2057 | (500 Bp) - Monatlich | 330 | - |
| CMBX NA BB.8 Index | (2.153) | 18.360 | 6.949 | 17.10.2057 | (500 Bp) - Monatlich | 4.779 | - |
| CMBX NA BB.9 Index | (11.923) | 307.000 | 70.886 | 17.09.2058 | (500 Bp) - Monatlich | 58.665 | 0,03 |
| CMBX NA BB.9 Index | (108) | 1.000 | 231 | 17.09.2058 | (500 Bp) - Monatlich | 122 | - |
| CMBX NA BBB-.10 Index | (16.061) | 103.000 | 9.208 | 17.11.2059 | (300 Bp) - Monatlich | (6.913) | - |
| CMBX NA BBB-.12 Index | (50.996) | 151.000 | 7.792 | 17.08.2061 | (300 Bp) - Monatlich | (43.292) | (0,02) |
| CMBX NA BBB-.6 Index | (103.920) | 383.654 | 107.346 | 11.05.2063 | (300 Bp) - Monatlich | 3.202 | - |
| CMBX NA BBB-.8 Index | (55.356) | 353.000 | 48.043 | 17.10.2057 | (300 Bp) - Monatlich | (7.518) | - |
| JPMorgan Securities LLC CMBX NA BB.11 Index | (40.904) | 75.000 | 6.863 | 18.11.2054 | (500 Bp) - Monatlich | (34.114) | (0,02) |
| CMBX NA BB.11 Index | (5.148) | 9.600 | 4.231 | 11.05.2063 | (500 Bp) - Monatlich | (927) | - |
| CMBX NA BBB-.10 Index | (101.345) | 892.000 | 79.745 | 17.11.2059 | (300 Bp) - Monatlich | (22.121) | (0,01) |
| CMBX NA BBB-.10 Index | (75.498) | 268.000 | 23.959 | 17.11.2059 | (300 Bp) - Monatlich | (51.695) | (0,02) |
| CMBX NA BBB-.10 Index | (56.308) | 189.000 | 16.897 | 17.11.2059 | (300 Bp) - Monatlich | (39.521) | (0,02) |
| CMBX NA BBB-.11 Index | (107.491) | 342.000 | 16.142 | 18.11.2054 | (300 Bp) - Monatlich | (91.548) | (0,04) |
| CMBX NA BBB-.11 Index | (67.794) | 216.000 | 10.195 | 18.11.2054 | (300 Bp) - Monatlich | (57.725) | (0,03) |
| CMBX NA BBB-.11 Index | (10.316) | 32.000 | 1.510 | 18.11.2054 | (300 Bp) - Monatlich | (8.825) | - |
| CMBX NA BBB-.11 Index | (3.457) | 11.000 | 519 | 18.11.2054 | (300 Bp) - Monatlich | (2.945) | - |
| CMBX NA BBB-.12 Index | (8.909) | 228.000 | 11.765 | 17.08.2061 | (300 Bp) - Monatlich | 2.723 | - |
| CMBX NA BBB-.6 Index | (33.022) | 118.893 | 33.266 | 11.05.2063 | (300 Bp) - Monatlich | 175 | - |


## 31. Dezember 2021
AUSSTEHENDE OTC-KREDITAUSFALLKONTRAKTE - GEKAUFTER SICHERUNGSSCHUTZ (-0,40 %) (30. Juni 2021: -0,70 %) Forts.
| Swap-Kontrahent/ Referenzanleihe* | Im Voraus erhaltene/ (gezahlte) Prämie** | Nennbetrag | Wert | Ablauftermin | Zahlungen (geleistete) Zahlungen | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teilfonds |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Merrill Lynch International CMBX NA BB.10 Index | (228) USD | 4.000 USD | 1.102 USD | 17.11.2059 | (500 Bp) - Monatlich | 871 USD | - |
| CMBX NA BB.7 Index | (1.273) | 7.000 | 2.360 | 17.01.2047 | (500 Bp) - Monatlich | 1.080 | - |
| CMBX NA BBB-.10 Index | (186.554) | 861.000 | 76.973 | 17.11.2059 | (300 Bp) - Monatlich | (110.082) | (0,05) |
| CMBX NA BBB-.9 Index | (47.053) | 254.000 | 23.876 | 17.09.2058 | (300 Bp) - Monatlich | (23.325) | (0,01) |
| CMBX NA BBB-.9 Index | (46.497) | 251.000 | 23.594 | 17.09.2058 | (300 Bp) - Monatlich | (23.050) | (0,01) |
| Morgan Stanley & Co. Internati CMBX NA BB.10 Index | onal PLC (128.464) | 547.000 | 150.699 | 17.11.2059 | (500 Bp) - Monatlich | 21.703 | 0,01 |
| CMBX NA BB.10 Index | (210) | 2.000 | 551 | 17.11.2059 | (500 Bp) - Monatlich | 339 | - |
| CMBX NA BB.7 Index | (19.211) | 369.000 | 124.390 | 17.01.2047 | (500 Bp) - Monatlich | 104.820 | 0,06 |
| CMBX NA BB.8 Index | (106.742) | 293.759 | 111.188 | 17.10.2057 | (500 Bp) - Monatlich | 4.161 | - |
| CMBX NA BB.9 Index | (11.219) | 318.000 | 73.426 | 17.09.2058 | (500 Bp) - Monatlich | 61.898 | 0,03 |
| CMBX NA BB.9 Index | (8.796) | 225.000 | 51.953 | 17.09.2058 | (500 Bp) - Monatlich | 42.938 | 0,03 |
| CMBX NA BBB-.10 Index | (115.774) | 902.000 | 80.639 | 17.11.2059 | (300 Bp) - Monatlich | (35.662) | (0,02) |
| CMBX NA BBB-.10 Index | (54.155) | 427.000 | 38.174 | 17.11.2059 | (300 Bp) - Monatlich | (16.230) | (0,01) |
| CMBX NA BBB-.10 Index | (38.461) | 321.000 | 28.697 | 17.11.2059 | (300 Bp) - Monatlich | (9.951) | - |
| CMBX NA BBB-.10 Index | (57.709) | 244.000 | 21.814 | 17.11.2059 | (300 Bp) - Monatlich | (36.038) | (0,02) |
| CMBX NA BBB-.10 Index | (21.044) | 243.000 | 21.724 | 17.11.2059 | (300 Bp) - Monatlich | 538 | - |
| CMBX NA BBB-.10 Index | (51.928) | 213.000 | 19.042 | 17.11.2059 | (300 Bp) - Monatlich | (33.010) | (0,01) |
| CMBX NA BBB-.10 Index | (36.046) | 157.000 | 14.036 | 17.11.2059 | (300 Bp) - Monatlich | (22.102) | (0,01) |
| CMBX NA BBB-.10 Index | (24.436) | 113.000 | 10.102 | 17.11.2059 | (300 Bp) - Monatlich | (14.399) | (0,01) |
| CMBX NA BBB-.10 Index | (12.302) | 97.000 | 8.672 | 17.11.2059 | (300 Bp) - Monatlich | (3.687) | - |
| CMBX NA BBB-.12 Index | (10.348) | 251.000 | 12.952 | 17.08.2061 | (300 Bp) - Monatlich | 2.457 | - |
| CMBX NA BBB-.12 Index | (1.218) | 22.000 | 1.135 | 17.08.2061 | (300 Bp) - Monatlich | (96) | - |
| CMBX NA BBB-.6 Index | (66.321) | 238.784 | 66.812 | 11.05.2063 | (300 Bp) - Monatlich | 352 | - |
| CMBX NA BBB-.8 Index | (211.446) | 1.380.000 | 187.818 | 17.10.2057 | (300 Bp) - Monatlich | (24.433) | (0,01) |
| CMBX NA BBB-.8 Index | (99.978) | 788.000 | 107.247 | 17.10.2057 | (300 Bp) - Monatlich | 6.810 | - |
| CMBX NA BBB-.8 Index | (100.224) | 788.000 | 107.247 | 17.10.2057 | (300 Bp) - Monatlich | 6.563 | - |
| CMBX NA BBB-.8 Index | (12.031) | 77.000 | 10.480 | 17.10.2057 | (300 Bp) - Monatlich | (1.596) | - |
| Nicht realisierter Wertzuwachs aus ausstehenden OTC-Kreditausfallkontrakten - Gekaufter Sicherungsschutz | 500.794 USD | 0,22 |
| Nicht realisierter Wertverlust aus ausstehenden OTC-Kreditausfallkontrakten - Gekaufter Sicherungsschutz | (1.386.471) USD | (0,62) |
| Nicht realisierter Wertverlust aus ausstehenden OTC-Kreditausfallkontrakten, netto - Gekaufter Sicherungsschutz | (885.677) USD | (0,40) |

* Die Zahlungen in Bezug auf die Referenzanleihe erfolgen bei Eintritt eines Kreditausfallereignisses.
** Die Vorausprämie basiert auf der Differenz zwischen dem ursprünglichen Spread bei der Ausgabe und dem Markt-Spread am Ausübungstag.
*** Die Ratings für einen zugrunde liegenden Index stellen den Durchschnitt der Ratings aller Wertpapiere dar, die in diesem Index enthalten sind. Die Ratings von Moody's, Standard & Poor's oder Fitch werden
als die aktuellsten am 31. Dezember 2021 verfügbaren erachtet. Von Putnam geratete Wertpapiere sind mit „/P.“ gekennzeichnet. Die Ratingkategorien von Putnam sind mit den Klassifikationen von Standard & Poor’s vergleichbar.
DEVISENTERMINKONTRAKTE (0,45 %) (30. Juni 2021: -3,05 %)
| Kontrahent | Währung | Kontrakttyp* | Liefertermin | Wert USD | Gesamtnennwert USD | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teilfonds |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Bank of America, N.A. | Euro | Kauf | 19.01.2022 | 48.982.813 USD | 48.782.873 USD | 199.941 USD | 0,10 |
| Barclays Bank PLC |  |  |  |  |  |  |  |
|  | Euro | Kauf | 19.01.2022 | 15.476.702 | 15.403.217 | 73.485 | 0,03 |
| Citibank, N.A. |  |  |  |  |  |  |  |
|  | Euro | Kauf | 19.01.2022 | 30.949.988 | 30.828.229 | 121.759 | 0,06 |
| Goldman Sachs International |  |  |  |  |  |  |  |
|  | Euro | Kauf | 19.01.2022 | 662.121 | 659.372 | 2.749 | - |
| HSBC Bank USA, N.A. |  |  |  |  |  |  |  |
|  | Euro | Kauf | 19.01.2022 | 21.460.502 | 21.358.111 | 102.391 | 0,05 |
| JPMorgan Chase Bank, N.A. |  |  |  |  |  |  |  |
|  | Euro | Kauf | 19.01.2022 | 2.294.190 | 2.283.365 | 10.825 | - |


## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (0,45 %) (30. Juni 2021: -3,05 %) 
Forts.
| Kontrahent | Währung | Kontrakttyp* | Liefertermin | Wert USD | Gesamtnennwert USD | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teilfonds |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Morgan Stanley & Company International PLC Euro | Kauf | 19.01.2022 | 400.643 USD | 398.755 USD | 1.888 USD | - |
| Euro | Kauf | 19.01.2022 | 19.526.412 | 19.434.363 | 92.049 | 0,04 |
| NatWest Markets PLC Euro | Kauf | 19.01.2022 | 20.616.850 | 20.519.172 | 97.678 | 0,04 |
| State Street Bank & Trust Company |  |  |  |  |  |  |
| Pfund Sterling | Kauf | 19.01.2022 | 495.384 | 487.875 | 7.509 | - |
| Pfund Sterling | Verkauf | 19.01.2022 | 2.978 | 2.921 | (57) | - |
| Euro | Kauf | 19.01.2022 | 14.602.985 | 14.533.223 | 69.762 | 0,03 |
| Euro | Verkauf | 19.01.2022 | 2.164 | 2.144 | (20) | - |
| Euro | Verkauf | 19.01.2022 | 1.171.979 | 1.161.300 | (10.678) | (0,01) |
| UBS AG Euro | Kauf | 19.01.2022 | 47.560.745 | 47.336.959 | 223.787 | 0,11 |
| Nicht realisierter Wertzuwachs aus Devisenterminkontrakten | 1.003.823 USD | 0,46 |
| Nicht realisierter Wertverlust aus Devisenterminkontrakten | (10.755) USD | (0,01) |
| Nicht realisierter Wertzuwachs aus Devisenterminkontrakten, netto | 993.068 USD | 0,45 |
| Summe finanzieller Vermögenswerte, erfolgswirksam zum beizulegenden Zeitwert | 355.062.880 USD | 159,19 |
| Summe finanzieller Verbindlichkeiten, erfolgswirksam zum beizulegenden Zeitwert | (50.433.637) USD | (22,61) |
| * Die Umtauschwährung für alle aufgeführten Verträge ist der US-Dollar. |  |  |
| Analyse des Gesamtvermögens |  | % des Gesamt- vermö- gens |
| Übertragbare Wertpapiere, die an einer amtlichen Börse zur Notierung zugelassen wurden |  | 1,11 |
| Übertragbare Wertpapiere, die an einem anderen geregelten Markt gehandelt werden |  | 68,69 |
| Sonstige übertragbare Wertpapiere gemäß Vorschrift 68 (1) (a), (b) und (c) |  | 14,65 |
| Im Freiverkehr gehandelte derivative Finanzinstrumente (OTC-Derivate) |  | 0,92 |
| Sonstige Vermögenswerte |  | 14,63 |
| Summe Vermögenswerte |  | 100,00 |


## Anlagenverzeichnis
31. Dezember 2021
NICHT-US-AKTIEN (11,19 %) (30. Juni 2021: 10,37 %)	
% vom
NICHT-US-AKTIEN (11,19 %) (30. Juni 2021: 10,37 %) 
Forts.
% vom
Anzahl von Anteilen
Werbung (0,12 %)
Wert USD
Teil- fonds
Anzahl von Anteilen
| 57 Arkema SA (France) | 8.037 USD | 0,05 |
| --- | --- | --- |
| 191 Brenntag SE (Germany) | 17.305 | 0,10 |
| 255 Covestro AG (Germany) | 15.735 | 0,10 |
| 65 LANXESS AG (Germany) | 4.033 | 0,02 |
| 100 Nitto Denko Corporation (Japan) | 7.729 | 0,05 |
| 100 Shin-Etsu Chemical Company Limited (Japan) | 17.320 | 0,10 |
|  | 70.159 | 0,42 |

Chemie (0,42 %)
Wert USD
Teil- fonds
293 Publicis Groupe SA (France)	19.748 USD	0,12
19.748	0,12
Luft- und Raumfahrt und Verteidigung (0,01 %)
28 Thales SA (France)	2.384	0,01
2.384  0,01
Landwirtschaft (0,14 %)
| 708 Imperial Tobacco Group PLC (United Kingdom) | 15.491 | 0,09 |
| --- | --- | --- |
| 1.061 Swedish Match AB (Sweden) | 8.456 | 0,05 |
|  | 23.947 | 0,14 |

Bekleidung (0,19 %)
| 14 Hermes International (France) | 24.482 | 0,15 |
| --- | --- | --- |
| 8 LVMH Moet Hennessy Louis Vuitton SE (France) | 6.622 | 0,04 |
|  | 31.104 | 0,19 |

Autoteile und Ausrüstung (0,07 %)
41 Cie Generale des Etablissements Michelin SCA
(France)	6.729 0,04
100 Koito Manufacturing Company Limited	5.295  0,03
12.024  0,07
Kommerzielle Dienstleistungen (0,12 %)
| 6.722 | 0,04 |
| --- | --- |
| 13.376 | 0,08 |
| 20.098 | 0,12 |
| 15.702 | 0,09 |

869 Brambles Limited (Australia) 4 SGS SA (Switzerland)
Computer (0,33 %)
64 Capgemini SE (France)
| 100 Fujitsu Limited (Japan) | 17.134 | 0,11 |
| --- | --- | --- |
| 400 Nomura Research Institute Limited (Japan) | 17.034 | 0,11 |
| 200 SCSK Corporation (Japan) | 3.980 | 0,02 |
|  | 53.850 | 0,33 |

| 66 L'Oreal SA (France) | 31.330 | 0,19 |
| --- | --- | --- |
| 81 Unilever PLC (United Kingdom) | 4.326 | 0,03 |
|  | 35.656 | 0,22 |

Kosmetik/Körperpflege (0,22 %)
Automobile (0,37 %)
160 Porsche Automobil Holding SE (Preference shares)
(Germany)	15.199 0,09
| 1.105 Stellantis NV (Netherlands) | 20.982 | 0,13 |
| --- | --- | --- |
| 200 Toyota Motor Corporation (Japan) | 3.692 | 0,02 |

| 21 Volkswagen AG (Preference shares) (Germany)	4.243 | 0,03 |
| --- | --- |
| 725 Volvo AB (Sweden)	16.821 | 0,10 |
| 60.937 | 0,37 |
| Bankwesen (0,95 %) |  |
| 3.243 Banco Bilbao Vizcaya Argentaria SA (Spain) | 19.384 | 0,12 |
| 1.718 Bank Leumi Le-Israel BM (Israel) | 18.484 | 0,11 |
| 2.500 BOC Hong Kong Holdings Limited (Hong Kong)	8.193 0,05 |

| 900 DBS Group Holdings Limited (Singapore) | 21.790 | 0,13 |
| --- | --- | --- |
| 1.364 Israel Discount Bank Limited (Israel) | 9.187 | 0,06 |
| 44 Mizrahi Tefahot Bank Limited (Israel) | 1.698 | 0,01 |
| 882 Skandinaviska Enskilda Banken AB (Sweden) | 12.284 | 0,07 |
| 700 Sumitomo Mitsui Financial Group Incorporated (Japan) | 23.927 | 0,14 |

| 1.350 UBS Group AG (Switzerland) | 24.328 | 0,15 |
| --- | --- | --- |
| 900 United Overseas Bank Limited (Singapore) | 17.973 | 0,11 |
|  | 157.248 | 0,95 |

Getränke (0,27 %)
41 Carlsberg AS (Denmark)	7.090  0,04
Vertrieb/Großhandel (0,21 %)
| 137 Ferguson PLC (Jersey) | 24.301 | 0,15 |
| --- | --- | --- |
| 300 ITOCHU Corporation (Japan) | 9.176 | 0,06 |
|  | 33.477 | 0,21 |

Stromversorgungsbetriebe (0,30 %)
1.500 CLP Holdings Limited (Hong Kong)	15.149 0,09
| 365 E.ON SE (Germany) | 5.066 | 0,03 |
| --- | --- | --- |
| 720 Electricite de France SA (France) | 8.468 | 0,05 |
| 661 Fortum Oyj (Finland) | 20.312 | 0,13 |
| 600 Glow Energy PCL (Thailand) (F) | - | - |
|  | 48.995 | 0,30 |

Elektronische Bauteile und Geräte (0,09 %)
| 300 Brother Industries Limited (Japan)	5.767 | 0,03 |
| --- | --- |
| 78 Legrand SA (France)	9.138 | 0,06 |
| 14.905 | 0,09 |

Elektronik (0,26 %)
| 200 Hoya Corporation (Japan) | 29.655 | 0,18 |
| --- | --- | --- |
| 300 Shimadzu Corporation (Japan) | 12.664 | 0,08 |
|  | 42.319 | 0,26 |

Hoch- und Tiefbau (0,07 %)
117 Eiffage SA (France)	12.050 0,07
12.050  0,07
| 404 Aristocrat Leisure Limited (Australia) | 12.813 | 0,08 |
| --- | --- | --- |
| 862 Entain PLC (Isle of Man) | 19.637 | 0,12 |
| 123 La Francaise des Jeux SAEM (France) | 5.453 | 0,03 |
|  | 37.903 | 0,23 |

| 49 Coca-Cola Europacific Partners PLC (United Kingdom)	2.741 | 0,02 |
| --- | --- |
| 238 Coca-Cola HBC AG (Switzerland) | 8.231 | 0,05 |
| 493 Diageo PLC (United Kingdom) | 26.931 | 0,16 |
|  | 44.993 | 0,27 |

Unterhaltung (0,23 %)
Baustoffe (0,35 %)
| 303 Cie de Saint-Gobain (France) | 21.343 | 0,13 |
| --- | --- | --- |
| 274 CRH PLC (Ireland) | 14.512 | 0,09 |
| 100 Daikin Industries Limited (Japan) | 22.685 | 0,13 |
|  | 58.540 | 0,35 |


## 31. Dezember 2021
NICHT-US-AKTIEN (11,19 %) (30. Juni 2021: 10,37 %) 
Forts.	
% vom
NICHT-US-AKTIEN (11,19 %) (30. Juni 2021: 10,37 %) 
Forts.
% vom
Anzahl von Anteilen
Lebensmittel (0,42 %)
Wert USD
Teil- fonds
Anzahl von Anteilen
Medizintechnik (0,14 %)
Wert USD
Teil- fonds
1.263 Coles Group Limited (Australia)	16.489 USD	0,10 627 Koninklijke Ahold Delhaize NV
(Netherlands)	21.512	0,13
| 187 Nestle SA (Switzerland) | 26.153 | 0,16 |
| --- | --- | --- |
| 100 Yakult Honsha Company Limited (Japan) | 5.209 | 0,03 |
|  | 69.363 | 0,42 |

Gas (0,13 %)
| 300 Osaka Gas Company Limited (Japan) | 4.968 | 0,03 |
| --- | --- | --- |
| 900 Tokyo Gas Company Limited (Japan) | 16.177 | 0,10 |
|  | 21.145 | 0,13 |

Medizinische Dienstleistungen (0,11 %)
549 Sonic Healthcare Limited (Australia)	18.648	0,11
18.648	0,11
Wohnungsbau (0,13 %)
| 80 Berkeley Group Holdings PLC (United Kingdom) | 5.171 | 0,03 |
| --- | --- | --- |
| 400 Daiwa House Industry Company Limited (Japan) | 11.504 | 0,07 |
| 200 Iida Group Holdings Company Limited (Japan) | 4.640 | 0,03 |
|  | 21.315 | 0,13 |

Wohnungseinrichtungen (0.23 %)
300 Sony Group Corporation (Japan)	37.923 0,23
37.923  0,23
144 Fisher & Paykel Healthcare Corporation Limited
(Neuseeland)	3.229 USD 0,02
| 212 Getinge AB (Sweden) | 9.270 | 0,06 |
| --- | --- | --- |
| 19 Sartorius Stedim Biotech (France) | 10.435 | 0,06 |
|  | 22.934 | 0,14 |

Bergbau (0,28 %)
| 650 BHP Group PLC (United Kingdom) | 19.351 | 0,12 |
| --- | --- | --- |
| 403 Rio Tinto PLC (United Kingdom) | 26.685 | 0,16 |
|  | 46.036 | 0,28 |

| Öl- und Erdgasversorgungsbetriebe (0,47 %) |  |
| --- | --- |
| 4.052 BP PLC (United Kingdom) | 18.127 | 0,11 |
| 46 DCC PLC (Ireland) | 3.767 | 0,02 |
| 791 Equinor ASA (Norway) | 21.188 | 0,13 |
| 1.612 Royal Dutch Shell PLC (United Kingdom) | 35.399 | 0,21 |
|  | 78.481 | 0,47 |

| 818 GlaxoSmithKline PLC (United Kingdom) | 17.788 | 0,11 |
| --- | --- | --- |
| 42 Ipsen SA (France) | 3.849 | 0,02 |
| 87 Merck KGaA (Germany) | 22.484 | 0,14 |
| 422 Novartis AG (Switzerland) | 37.180 | 0,22 |
| 339 Novo Nordisk A/S (Denmark) | 38.145 | 0,23 |
| 121 Roche Holding AG (Switzerland) | 50.342 | 0,31 |
|  | 169.788 | 1,03 |

Pharma (1,03 %)
Industriekonzerne (0,04 %)
1.000 CK Hutchison Holdings Limited (Cayman Islands)	6.453 0,04
6.453  0,04
| 598 3i Group PLC (United Kingdom)	11.729 | 0,07 |
| --- | --- |
| 14 Partners Group Holding AG (Switzerland)	23.238 | 0,14 |
| 34.967 | 0,21 |

Private Equity (0,21 %)
Versicherungen (0,39 %)
| 121 Allianz SE (Germany)	28.606 | 0,18 |
| --- | --- |
| 2.497 Aviva PLC (United Kingdom)	13.871 | 0,08 |
| 500 Dai-ichi Life Holdings Incorporated (Japan)	10.102 | 0,06 |

| 128 Gjensidige Forsikring ASA (Norway) | 3.110 | 0,02 |
| --- | --- | --- |
| 40 NN Group NV (Netherlands) | 2.168 | 0,01 |
| 15 Zurich Insurance Group AG (Switzerland) | 6.591 | 0,04 |
|  | 64.448 | 0,39 |
| Investmentgesellschaften (0,14 %) 789 Investor AB (Sweden) | 19.886 | 0,12 |
| 7 Sofina SA (Belgium) | 3.443 | 0,02 |
|  | 23.329 | 0,14 |

Eisen/Stahl (0,16 %)
| 1.252 BlueScope Steel Limited (Australia) | 19.126 | 0,12 |
| --- | --- | --- |
| 730 Evraz PLC (United Kingdom) | 5.944 | 0,04 |
|  | 25.070 | 0,16 |

Maschinen (0,23 %)
1.050 CNH Industrial NV (Netherlands)	20.406	0,12
| 146 GEA Group AG (Germany) | 7.994 | 0,05 |
| --- | --- | --- |
| 100 Omron Corporation (Japan) | 9.964 | 0,06 |
|  | 38.364 | 0,23 |

Maschinenbau und Bergbau (0,18 %)
Immobilien (0,29 %)
| 2.331 CK Asset Holdings Limited (Cayman Islands) | 14.700 | 0,09 |
| --- | --- | --- |
| 774 Dexus (Australia) | 6.264 | 0,04 |
| 1.173 Goodman Group (Australia) | 22.651 | 0,13 |
| 200 Link REIT (Hong Kong) | 1.762 | 0,01 |

100 Sumitomo Realty & Development Company
Limited (Japan)	2.941 0,02
48.318  0,29
Einzelhandel (0,43 %)
| 218 Industria de Diseno Textil SA (Spain) | 7.081 | 0,04 |
| --- | --- | --- |
| 2.595 JD Sports Fashion PLC (United Kingdom) | 7.650 | 0,05 |
| 100 Nitori Holdings Company Limited (Japan) | 14.955 | 0,09 |
| 116 Pandora A/S (Denmark) | 14.480 | 0,09 |

| 200 Ryohin Keikaku Company Limited (Japan) | 3.050 | 0,02 |
| --- | --- | --- |
| 535 Wesfarmers Limited (Australia) | 23.085 | 0,14 |
|  | 70.301 | 0,43 |

| 41 ASML Holding NV (Netherlands)	32.988 | 0,20 |
| --- | --- |
| 32.988 | 0,20 |
| Software (0,15 %) |  |
| 1.282 Sage Group PLC (United Kingdom)	14.795 | 0,09 |
| 200 Square Enix Holdings Company Limited (Japan)	10.259 | 0,06 |
| 25.054 | 0,15 |

Halbleiter (0,20 %)
| 700 Mitsubishi Electric Corporation (Japan) | 8.876 | 0,05 |
| --- | --- | --- |
| 757 Sandvik AB (Sweden) | 21.162 | 0,13 |
|  | 30.038 | 0,18 |


## 31. Dezember 2021
NICHT-US-AKTIEN (11,19 %) (30. Juni 2021: 10,37 %) 
Forts.	
% vom
NICHT-US-AKTIEN (11,19 %) (30. Juni 2021: 10,37 %) 
Forts.	
% vom
Anzahl von
Wert
Teil-
Anzahl von
Wert
Teil-
| Anteilen | USD | fonds |  | Anteilen | USD | fonds |
| --- | --- | --- | --- | --- | --- | --- |
| Telekommunikation (0,40 %) |  |  |  | Transport (0,40 %) |  |  |
| 800 KDDI Corporation (Japan) | 23.383 USD | 0,13 |  | 2 AP Moller - Maersk A/S (Denmark) | 7.180 USD | 0,04 |
| 3.026 Koninklijke KPN NV (Netherlands) | 9.405 | 0,06 |  | 398 Deutsche Post AG (Germany) | 25.620 | 0,16 |
| 300 SoftBank Group Corporation (Japan) | 14.175 | 0,09 |  | 300 Nippon Yusen KK (Japan) | 22.850 | 0,14 |
| 6.556 Telstra Corporation Limited (Australia) | 19.942 | 0,12 |  | 276 Poste Italiane SpA (Italy) | 3.626 | 0,02 |
|  | 66.905 | 0,40 |  | 300 Yamato Holdings Company Limited (Japan) | 7.035 | 0,04 |
| Spielzeug/Spiele/Hobbys (0,28 %) |  |  |  |  | 66.311 | 0,40 |
| 100 Nintendo Company Limited (Japan) | 46.644 | 0,28 |  | Wasser (0,03 %) |  |  |
|  | 46.644 | 0,28 |  | 221 Suez SA (France) | 4.984 | 0,03 |

4.984  0,03
Summe Nicht-US-Aktien	1.850.144 USD  11,19
HYPOTHEKENOBLIGATIONEN DER US-REGIERUNG UND -BEHÖRDEN (2,70 %) (30. Juni 2021: 13,05 %)
| Kapitalbetrag	Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- |
| Hypothekenobligationen der US-Behörden (2,70 %) |  |  |  |
| 88.727 USD Uniform Mortgage Backed Securities Pass-Through Certificates | 4,00 | 01.01.2057 | 97.625 USD | 0,59 |
| 237.742 Uniform Mortgage Backed Securities Pass-Through Certificates | 3,50 | 01.12.2049 | 250.156 | 1,51 |
| 94.087 Uniform Mortgage Backed Securities Pass-Through Certificates | 3,50 | 01.11.2049 | 99.323 | 0,60 |
| Summe Hypothekenobligationen der US-Regierung und -Behörden |  |  | 447.104 USD | 2,70 |
| MBS-ANLEIHEN (10,38 %) (30. Juni 2021: 6,76 %) |  |  |  |  |
| Kupon- Kapitalbetrag	satz | Fälligkeit | Wert USD | % vom Teilfonds |
| Hypothekenobligationen besichert von Behörden (0,57 %) 199.504 USD Federal National Mortgage Association (Class DS) | 6,00 | 25.12.2048 | 16.771 USD | 0,10 |
| 367.116 Government National Mortgage Association (Class EI) | 2,20 | 20.06.2066 | 24.853 | 0,16 |
| 376.459 Government National Mortgage Association (Class EI) | 1,74 | 20.10.2065 | 22.136 | 0,13 |
| 84.917 Government National Mortgage Association (Class IC) | 5,00 | 16.01.2044 | 17.051 | 0,10 |
| 11.399 Government National Mortgage Association (Class QI) | 4,50 | 20.01.2040 | 1.907 | 0,01 |
| 60.560 Government National Mortgage Association (Class UI) | 5,00 | 20.01.2040 | 11.261 | 0,07 |
|  |  |  | 93.979 | 0,57 |
| CMBS-Anleihen (4,43 %) 589.622 CD 2016-CD1 Mortgage Trust (Class XA) | 1,39 | 10.08.2049 | 29.875 | 0,18 |
| 72.214 Centex Home Equity Loan Trust 2005-A (Class M1) | 0,82 | 25.01.2035 | 72.257 | 0,45 |
| 22.000 CGMS Commercial Mortgage Trust 2017-B1 (Class B) | 3,96 | 15.08.2050 | 23.335 | 0,14 |
| 15.000 Citigroup Commercial Mortgage Trust 2018-C6 (Class AS) | 4,64 | 10.11.2051 | 17.136 | 0,10 |
| 66.822 Commercial 2012-LC4 Mortgage Trust (Class XA) | 1,76 | 10.12.2044 | 61 | - |
| 29.000 Commercial 2013-CCRE11 Mortgage Trust (Class B) | 5,11 | 10.08.2050 | 30.486 | 0,18 |
| 753.174 Commercial 2013-LC13 Mortgage Trust (Class XA) | 1,00 | 10.08.2046 | 10.034 | 0,06 |
| 2.748.319 Commercial 2014-CR14 Mortgage Trust (Class XA) | 0,55 | 10.02.2047 | 27.253 | 0,16 |
| 64.000 Commercial 2014-LC15 Mortgage Trust (Class B) | 4,60 | 10.04.2047 | 66.311 | 0,40 |
| 1.216.648 Commercial 2014-UBS6 Mortgage Trust (Class XA) | 0,86 | 10.12.2047 | 24.441 | 0,15 |
| 1.008.046 CSAIL 2015-C1 Commercial Mortgage Trust (Class XA) | 0,82 | 15.04.2050 | 20.335 | 0,12 |
| 53.133 EquiFirst Mortgage Loan Trust 2004-1 (Class M2) | 1,53 | 25.01.2034 | 53.974 | 0,33 |
| 986.720 JP Morgan Chase Commercial Mortgage Securities Trust 2012-C6 (Class XA) | 1,45 | 15.05.2045 | 25 | - |
| 25.000 JPMBB Commercial Mortgage Securities Trust 2013-C12 (Class B) | 4,10 | 15.07.2045 | 25.451 | 0,15 |
| 1.042.126 JPMBB Commercial Mortgage Securities Trust 2013-C17 (Class XA) | 0,72 | 15.01.2047 | 12.608 | 0,08 |
| 970.292 JPMBB Commercial Mortgage Securities Trust 2014-C22 (Class XA) | 0,82 | 15.09.2047 | 17.398 | 0,11 |
| 31.000 Morgan Stanley Bank of America Merrill Lynch Trust 2013-C8 (Class B) | 3,52 | 15.12.2048 | 31.487 | 0,19 |
| 621.174 Morgan Stanley Bank of America Merrill Lynch Trust 2014-C17 (Class XA) | 1,05 | 15.08.2047 | 11.504 | 0,07 |
| 23.000 Morgan Stanley Bank of America Merrill Lynch Trust 2015-C24 (Class B) | 4,34 | 15.05.2048 | 24.453 | 0,15 |
| 23.000 Morgan Stanley Bank of America Merrill Lynch Trust 2015-C25 (Class B) | 4,53 | 15.10.2048 | 24.460 | 0,15 |
| 38.000 UBS Commercial Mortgage Trust 2012-C1 (Class C) | 5,52 | 10.05.2045 | 38.187 | 0,23 |
| 42.000 UBS Commercial Mortgage Trust 2017-C5 (Class B) | 4,10 | 15.11.2050 | 46.218 | 0,28 |
| 1.986.907 UBS-Barclays Commercial Mortgage Trust 2012-C2 (Class XA) | 1,27 | 10.05.2063 | 4.816 | 0,03 |


## 31. Dezember 2021
MBS-ANLEIHEN (10,38 %) (30. Juni 2021: 6,76 %) 
Forts.
Kapitalbetrag
CMBS-Anleihen (4,43 %) 
Forts.
Kupon-
satz	Fälligkeit
Wert USD
% vom Teilfonds
| 22.000 USD Wells Fargo Commercial Mortgage Trust 2018-C47 (Class B) | 4,85 | 15.09.2061 | 24.299 USD | 0,15 |
| --- | --- | --- | --- | --- |
| 56.000 Wells Fargo Commercial Mortgage Trust 2018-C48 (Class B) | 4,90 | 15.01.2052 | 63.287 | 0,38 |
| 689.483 WFRBS Commercial Mortgage Trust 2012-C10 (Class XA) | 1,48 | 15.12.2045 | 5.008 | 0,03 |
| 2.058.000 WFRBS Commercial Mortgage Trust 2012-C9 (Class XB) | 0,71 | 15.11.2045 | 8.849 | 0,05 |
| 897.867 WFRBS Commercial Mortgage Trust 2014-C24 (Class XA)	0,85 | 15.11.2047 | 18.286 | 0,11 |
|  |  | 731.834 | 4,43 |
| RMBS-Anleihen (nicht von Behörden) (5,38 %) |  |  |  |  |
| 20.000 Fannie Mae Connecticut Avenue Securities (Class 1EB1) | 1,35 | 25.07.2029 | 20.027 | 0,12 |
| 32.255 Fannie Mae Connecticut Avenue Securities (Class 1ED1) | 0,75 | 25.01.2031 | 32.185 | 0,19 |
| 26.806 Fannie Mae Connecticut Avenue Securities (Class 1M2) | 3,65 | 25.07.2029 | 27.521 | 0,17 |
| 99.946 Fannie Mae Connecticut Avenue Securities (Class 1M2) | 4,35 | 25.01.2029 | 103.465 | 0,63 |
| 11.140 Fannie Mae Connecticut Avenue Securities (Class 1M2) | 5,80 | 25.04.2028 | 11.734 | 0,07 |
| 8.596 Fannie Mae Connecticut Avenue Securities (Class 1M2) | 5,00 | 25.11.2024 | 8.940 | 0,05 |
| 10.514 Fannie Mae Connecticut Avenue Securities (Class 2ED1) | 0,70 | 25.11.2029 | 10.468 | 0,06 |
| 11.279 Fannie Mae Connecticut Avenue Securities (Class 2M1) | 0,95 | 25.11.2041 | 11.286 | 0,07 |
| 88.271 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 4,45 | 25.05.2029 | 91.544 | 0,55 |
| 18.500 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 7,05 | 25.08.2028 | 19.505 | 0,12 |
| 10.429 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 5,65 | 25.04.2028 | 10.877 | 0,07 |
| 2.056 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 5,10 | 25.07.2025 | 2.067 | 0,01 |
| 2.194 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 4,10 | 25.05.2025 | 2.199 | 0,01 |
| 1.967 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 5,10 | 25.11.2024 | 1.997 | 0,01 |
| 7.768 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 3,00 | 25.07.2024 | 7.887 | 0,05 |
| 18.450 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 2,70 | 25.05.2024 | 18.738 | 0,11 |
| 134.349 Freddie Mac Structured Agency Credit Risk Debt Notes (Class M3) | 4,75 | 25.10.2028 | 138.842 | 0,84 |
| 135.051 Freddie Mac Structured Agency Credit Risk Debt Notes (Class M3) | 5,65 | 25.07.2028 | 140.592 | 0,85 |
| 78.339 MortgageIT Trust 2005-1 (Class 1M1) | 0,82 | 25.02.2035 | 77.188 | 0,47 |
| 26.000 STACR Trust 2018-DNA3 (Class M2B) | 2,20 | 25.09.2048 | 26.326 | 0,16 |
| 127.000 STACR Trust 2018-HRP2 (Class M3AS) | 1,10 | 25.02.2047 | 126.621 | 0,77 |
|  |  |  | 890.009 | 5,38 |
| Summe MBS-Anleihen |  |  | 1.715.822 USD | 10,38 |
| RÜCKKAUFVEREINBARUNGEN (- %) (30. Juni 2021: 14,48 %) |  |  |  |  |
| NICHT-US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (0,31 %) (30. Juni 2021: | 2,29 %) |  |  |  |
| Kapitalbetrag | Kupon- satz | Fälligkeit | Wert USD | % vom Teilfonds |
| Öl- und Erdgasversorgungsbetriebe (0,31 %) |  |  |  |  |
| 50.000 USD Petroleos Mexicanos (Mexico) | 6,84 | 23.01.2030 | 51.729 USD | 0,31 |
| Summe Nicht-US-Unternehmensanleihen und -Schuldverschreibungen | 51.729 USD | 0,31 |
| US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (-%) (30. Juni 2021: 5,08 %) |  |  |
| AUSLÄNDISCHE STAATSANLEIHEN UND SCHULDVERSCHREIBUNGEN VON BEHÖRDEN (0,32 %) (30. Juni 2021: 1,19 %) |  |  |
| Kupon- | Wert | % vom |
| Kapitalbetrag | satz | Fälligkeit | USD | Teilfonds |
| 40.000 USD Uruguay Government International Bond (Uruguay) | 5,10 | 18.06.2050 | 52.820 USD | 0,32 |
| Summe ausländischer Staatsanleihen und Schuldverschreibungen von Behörden |  |  | 52.820 USD | 0,32 |
| FORDERUNGSBESICHERTE COMMERCIAL PAPER (1,81 %) (30. Juni 2021: 0,48 %) |  |  |  |  |
| Kapitalbetrag | Zins (%) | Fälligkeit | Wert USD | % vom Teilfonds |
| 300.000 USD Atlantic Asset Securitization | 0,11 | 03.02.2022 | 299.970 USD | 1,81 |
| Summe forderungsbesicherter Commercial Paper |  |  | 299.970 USD | 1,81 |
| COMMERCIAL PAPER (23,94 %) (30. Juni 2021: 11,05 %) |  |  |  |  |
| Kapitalbetrag | Zins (%) | Fälligkeit | Wert USD | % vom Teilfonds |
| 300.000 USD ABN AMRO Funding USA LLC | 0,12 | 05.01.2022 | 299.996 USD | 1,81 |
| 350.000 Australia & New Zealand Banking Group Limited | 0,11 | 20.01.2022 | 349.980 | 2,12 |

| 31. Dezember 2021 |  |
| --- | --- |
| COMMERCIAL PAPER (23,94 %) (30. Juni 2021: 11,05 %)  Forts. |
| Kapitalbetrag | Zins (%) | Fälligkeit | Wert USD | % vom Teilfonds |
| 310.000 USD Canadian Imperial Bank of Commerce | 0,15 | 07.03.2022 | 309.919 USD | 1,87 |
| 400.000 DNB Bank ASA | 0,14 | 22.02.2022 | 399.919 | 2,42 |
| 300.000 ING US Funding LLC | 0,16 | 21.06.2022 | 299.772 | 1,81 |
| 400.000 Mitsubishi UFJ Trust and Banking Corporation | 0,13 | 24.01.2022 | 399.966 | 2,42 |
| 325.000 Mizuho Bank Limited | 0,13 | 14.02.2022 | 324.948 | 1,97 |
| 325.000 Nationwide Building Society | 0,13 | 13.01.2022 | 324.986 | 1,97 |
| 350.000 Societe Generale | 0,12 | 10.01.2022 | 349.990 | 2,12 |
| 300.000 Sumitomo Mitsui Trust Bank Limited | 0,14 | 13.01.2022 | 299.986 | 1,81 |
| 300.000 Toronto-Dominion Bank | 0,11 | 03.02.2022 | 299.970 | 1,81 |
| 300.000 Westpac Banking Corporation | 0,17 | 17.06.2022 | 299.763 | 1,81 |
| Summe Commercial Paper |  |  | 3.959.195 USD | 23,94 |
| US-AMERIKANISCHE SCHATZOBLIGATIONEN (37,79 %) (30. Juni 2021: 46,36 %) |  |  |  |  |
| Kapitalbetrag | Zins (%) | Fälligkeit | Wert USD | % vom Teilfonds |
| 1.500.000 USD United States Treasury Bill1 | 0,06 | 19.05.2022 | 1.499.687 USD | 9,07 |
| 1.250.000 United States Treasury Bill | 0,06 | 05.05.2022 | 1.249.763 | 7,56 |
| 1.500.000 United States Treasury Bill | 0,04 | 21.04.2022 | 1.499.798 | 9,07 |
| 1.500.000 United States Treasury Bill | 0,04 | 03.03.2022 | 1.499.891 | 9,07 |
| 250.000 United States Treasury Bill | 0,03 | 24.02.2022 | 249.982 | 1,51 |
| 250.000 United States Treasury Bill2 | 0,08 | 17.02.2022 | 249.985 | 1,51 |
| Summe US-amerikanischer Schatzobligationen |  |  | 6.249.106 USD | 37,79 |
| 1 Teilweise von Westpac als Sicherheit gehalten (19.890 USD). 2Teilweise von Morgan Stanley als Sicherheit gehalten (11.940 USD). |  |  |  |  |

- Dieses Wertpapier wird vom Anlageberater zum beizulegenden Zeitwert bewertet. In Bezug auf den Financial Reporting Standard 102 („FRS 102“)„Beizulegender Zeitwert: Angaben“ können Wertpapiere basierend auf ihren Bewertungsparametern in Level 2 oder Level 3 eingestuft werden.

AUSSTEHENDE GEKAUFTE WÄHRUNGSOPTIONEN (- %) (30. Juni 2021: 0,03 %)
Gesamtwert der Kapitalanlagen ohne derivative Finanzinstrumente	14.625.890 USD	88,44 AUSSTEHENDE VERKAUFTE WÄHRUNGSOPTIONEN (- %) (30. Juni 2021: -0,01 %)
| OFFENE FUTURES-KONTRAKTE (0,46 %) (30. Juni 2021: 1,24 %) |  |
| --- | --- |
|  | Anzahl von |  |  | Verfall- | Nicht realisierter Wertzuwachs/ (Wertverlust) | % vom |
|  | Kontrakten | Nennwerte | Wert | termin | USD | Teilfonds |
| Canadian Government Bond 10 yr (Long) | 18 | 2.029.456 USD | 2.029.456 USD | Mär-22 | 38.648 USD | 0,23 |
| Euro-BTP Italian Government Bond (Long) | 10 | 1.673.709 | 1.673.708 | Mär-22 | (29.280) | (0,19) |
| Euro-Bund 10 yr (Long) | 9 | 1.755.943 | 1.755.942 | Mär-22 | (31.783) | (0,19) |
| Euro-OAT 10 yr (Long) | 9 | 1.671.716 | 1.671.716 | Mär-22 | (31.475) | (0,19) |
| Japanese Government Bond 10 yr (Long) | 2 | 2.635.660 | 2.635.660 | Mär-22 | (9.051) | (0,05) |
| MSCI EAFE Index (Long) | 15 | 1.752.051 | 1.741.350 | Mär-22 | 25.928 | 0,16 |
| S&P 500 Index E-Mini (Long) | 10 | 2.383.090 | 2.379.250 | Mär-22 | 49.311 | 0,30 |
| U.K. Gilt 10 yr (Long) | 12 | 2.028.701 | 2.028.701 | Mär-22 | 458 | - |
| U.S. Treasury Note 2 yr (Short) | 28 | 6.108.813 | 6.108.813 | Mär-22 | 5.265 | 0,03 |
| U.S. Treasury Note 5 yr (Short) | 19 | 2.298.555 | 2.298.555 | Mär-22 | (9.988) | (0,06) |
| U.S. Treasury Note Ultra 10 yr (Long) | 35 | 5.125.313 | 5.125.313 | Mär-22 | 85.313 | 0,52 |
| U.S. Treasury Note Ultra 10 yr (Short) | 7 | 1.025.063 | 1.025.063 | Mär-22 | (17.078) | (0,10) |
| Nicht realisierter Wertzuwachs aus ausstehenden Futures-Kontrakten | 204.923 USD | 1,24 |
| Nicht realisierter Wertverlust aus ausstehenden Futures-Kontrakten | (128.655) USD | (0,78) |
| Nicht realisierter Wertzuwachs aus ausstehenden Futures-Kontrakten, netto | 76.268 USD | 0,46 |
| Abrechnung des variablen Einschusses bis dato | 327 USD | - |
| Kumulierter nicht realisierter Wertzuwachs abzgl. der Abrechnung des variablen Einschusses bis dato | 76.595 USD | 0,46 |
| Die Makler für die Futures-Kontrakte im Teilfonds sind BofA Securities Incorporated und JPMorgan Securities Incorporated. |  |  |

| 31. Dezember 2021 |  |
| --- | --- |
| AUSSTEHENDE TBA-VERKAUFSVERPFLICHTUNGEN (-12,53 %) (30. Juni 2021: -19,58 %) |
| Kapitalbetrag	Behörde | Kupon- satz | Abrechnungs- termin | Wert USD | % vom Teilfonds |
| 2.000.000 USD	Uniform Mortgage Backed Securities | 3,00 | 13.01.2022 | (2.072.734) USD | (12,53) |

Summe ausstehender TBA-Verkaufsverpflichtungen	(2.072.734) USD	(12,53)
AUSSTEHENDE ZENTRAL ABGEWICKELTE ZINSSWAPKONTRAKTE (- %) (30. Juni 2021: -0,01 %)
|  | Im Voraus |  |  |  | Nicht realisierter |  |
| --- | --- | --- | --- | --- | --- | --- |
| Nennbetrag | Wert |  | erhaltene/ (gezahlte) Prämie | Ablauftermin | Vom Teilfonds geleistete Zahlungen | Vom Teilfonds vereinnahmte Zahlungen | Wertzuwachs/ (Wertverlust) USD | % vom Teil- fonds |
| 4.991.000 USD | 3.045 USD | (E) | (2.673) USD | 16.03.2024 | Secured Overnight Financing Rate - Annually | 0.90% - Annually | 371 USD | - |
| 293.000 | 1.154 | (E) | 1.317 | 16.03.2027 | 1.25% - Annually | Secured Overnight Financing Rate - Annually | 163 | - |
| 994.000 | 5.010 | (E) | (6.394) | 16.03.2032 | Secured Overnight Financing Rate - Annually | 1.40% - Annually | (1.384) | (0,01) |
| 123.000 | 4.129 | (E) | 4.513 | 16.03.2052 | 1.60% - Annually | Secured Overnight Financing Rate - Annually | 384 | 0,01 |
| 61.000 | 251 |  | (1) | 30.12.2031 | Secured Overnight Financing Rate - Annually | 1.2695% - Annually | (247) | - |
| 91.000 | 157 |  | (1) | 31.12.2031 | 1.331% - Annually | Secured Overnight Financing Rate - Annually | (162) | - |
| 634.000 | 729 |  | (8) | 03.01.2032 | 1.3265% - Annually | Secured Overnight Financing Rate - Annually | (738) | (0,01) |
| Nicht realisierter Wertzuwachs aus zentral abgewickelten ausstehenden Zinsswapkontrakten |  | 918 USD | 0,01 |
| Nicht realisierter Wertverlust aus zentral abgewickelten ausstehenden Zinsswapkontrakten |  | (2.531) USD | (0,02) |
| Nicht realisierter Wertverlust aus zentral abgewickelten ausstehenden Zinsswapkontrakten, netto |  | (1.613) USD | (0,01) |
| Abrechnung des variablen Einschusses bis dato Kumulierter nicht realisierter Wertzuwachs abzgl. der Abrechnung des variablen Einschusses bis dato |  | 1.886 USD 273 USD | 0,01 - |

- Siehe Anmerkung 2 im Anhang zum geprüften Jahresabschluss für das Geschäftsjahr zum 30. Juni 2021 in Bezug auf die verlängerten Stichtage.

AUSSTEHENDE OTC-TOTAL RETURN SWAP-KONTRAKTE (0,66 %) (30. Juni 2021: 0,11 %)
| Swap-Kontrahent/ Nennwert | Wert | Im Voraus erhaltene/ (gezahlte) Prämie | Ablauftermin | Zahlungen vereinnahmte/ (geleistete) vom Teilfonds | Total return erhaltene oder gezahlte Gesamtrendite | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teil- fonds |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Bank of America N.A. |  |  |  |  |  |  |  |
| 925.135 USD | 951.551 USD | - USD | 12.10.2022 (Secured | Overnight Financing Rate plus 0,22%) - Vierteljährlich | Ein Korb (MLFCF15) an Stammaktien - Vierteljährlich | 26.625 USD | 0,16 |
| 922.058 | 950.771 | -	12.10.2022 Secured Overnight Financing Russell 1000 Total Return Index - Rate plus 0,05 % -	Vierteljährlich Vierteljährlich | (28.672) | (0,18) |
| Citibank, N.A. |  |  |  |  |
| 1.323.634 | 1.318.244 | -	28.09.2022 (Secured Overnight Financing S&P 500 Total Return 4 Jan 1988 Rate plus 0,45 %) - Monatlich	Index - Monatlich | (5.427) | (0,03) |
| Goldman Sachs International |  |  |  |  |
| 662.746 | 659.122 | -	11.01.2022 (Secured Overnight Financing S&P 500 Total Return 4 Jan 1988 Rate plus 0,48 %) - Monatlich	Index - Monatlich | (3.624) | (0,02) |
| JPMorgan Chase Bank N.A. |  |  |  |  |
| 59.272 | 61.564 | -	05.02.2022	(1-Monats-USD-LIBOR-BBA	MSCI Daily TR Net Emerging plus 0,25 %) - Monatlich	Markets USD – Monatlich | 2.278 | 0,01 |
| 3.037.715 | 3.155.797 | -	05.02.2022	(1-Monats-USD-LIBOR-BBA S&P 500 Total Return 4 Jan 1988 plus 0,15 %) - Monatlich	Index - Monatlich | 117.569 | 0,72 |

Nicht realisierter Wertzuwachs aus ausstehenden OTC-Total Return Swap-Kontrakten	146.472 USD	0,89
Nicht realisierter Wertverlust aus ausstehenden OTC-Total Return Swap-Kontrakten	(37.723) USD  (0,23)
Nicht realisierter Wertzuwachs aus ausstehenden OTC-Total Return Swap-Kontrakten, netto	108.749 USD	0,66

## 31. Dezember 2021
AUSSTEHENDE ZENTRAL ABGEWICKELTE TOTAL RETURN SWAP-KONTRAKTE (- %) (30. Juni 2021: -0,01 %)
| Nenn- Amount | Wert | Im Voraus erhaltene/ (gezahlte) Prämie | Ablauftermin | Zahlungen vereinnahmte/ (geleistete) vom Teilfonds | Total return erhaltene oder gezahlte Gesamtrendite | Nicht realisierter Wertverlust USD | % vom Teil- fonds |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 571.000 USD | 22.212 USD | 1.848 USD | 15.01.2032 | 2,78 % - Bei Fälligkeit | USA Non-revised Consumer Price Index- Urban (CPI-U) - Städte (CPI-U) - Bei Fälligkeit | (20.364) USD | (0,12) |
| 1.793.000 | 46.726 | 1.323 | 13.09.2026 | 2,7375 % - Bei Fälligkeit | USA Non-revised Consumer Price Index- Urban (CPI-U) - Städte (CPI-U) - Bei Fälligkeit | (45.403) | (0,28) |
| Nicht realisierter Wertverlust aus ausstehenden, zentral abgewickelten Total Return Swap- Kontrakten Abrechnung des variablen Einschusses bis dato | (65.767) USD 66.220 USD | (0,40) 0,40 |
| Kumulierter nicht realisierter Wertzuwachs abzgl. der Abrechnung des variablen Einschusses bis dato | 453 USD | - |
| AUSSTEHENDE OTC-KREDITAUSFALLKONTRAKTE - VERKAUFTER SICHERUNGSSCHUTZ (- %) (30. Juni 2021: - %) |  |  |
| AUSSTEHENDE OTC-KREDITAUSFALLKONTRAKTE - GEKAUFTER SICHERUNGSSCHUTZ (-%) (30. Juni 2021: -0,05 %) |  |  |

AUSSTEHENDE ZENTRAL ABGEWICKELTE KREDITAUSFALLKONTRAKTE - VERKAUFTER SICHERUNGSSCHUTZ (- %) (30. Juni 2021: 0,01 %)
AUSSTEHENDE ZENTRAL ABGEWICKELTE KREDITAUSFALLKONTRAKTE - GEKAUFTER SICHERUNGSSCHUTZ (-%) (30. Juni 2021: - %)
| DEVISENTERMINKONTRAKTE (-0,15 %) (30. Juni | 2021: -3,27 %) |  |
| --- | --- | --- |
|  |  |  | Wert | Gesamtnennwert | Nicht realisierter Wertzuwachs/ (Wertverlust) | % vom |
| Kontrahent	Währung | Kontrakttyp* | Liefertermin | USD | USD | USD | Teilfonds |
| Bank of America, N.A. |  |  |  |  |  |  |
| Australischer Dollar | Kauf | 19.01.2022 | 46.565 USD | 45.567 USD | 998 USD | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 46.565 | 46.634 | 69 | - |
| Pfund Sterling | Kauf | 16.03.2022 | 297.014 | 292.282 | 4.732 | 0,03 |
| Kanadischer Dollar | Kauf | 19.01.2022 | 310.206 | 306.872 | 3.334 | 0,02 |
| Kanadischer Dollar | Kauf | 19.01.2022 | 24.507 | 24.530 | (23) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 105.141 | 104.011 | 1.130 | 0,01 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 310.206 | 312.022 | 1.816 | 0,01 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 129.648 | 130.407 | 759 | 0,01 |
| Euro | Verkauf | 16.03.2022 | 182.542 | 181.971 | (571) | - |
| Euro | Verkauf | 19.01.2022 | 13.894 | 13.756 | (138) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 1.874.305 | 1.899.000 | (24.695) | (0,15) |
| Japanischer Yen | Kauf | 16.02.2022 | 228.671 | 231.350 | (2.679) | (0,02) |
| Japanischer Yen | Verkauf | 16.02.2022 | 1.874.305 | 1.896.258 | 21.953 | 0,13 |
| Japanischer Yen | Verkauf | 16.02.2022 | 228.671 | 231.684 | 3.013 | 0,02 |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 130.112 | 134.832 | (4.720) | (0,03) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 95.119 | 96.404 | (1.285) | (0,01) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 150.382 | 149.187 | 1.195 | 0,01 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 375.612 | 381.938 | 6.326 | 0,04 |
| Schwedische Krone | Verkauf | 16.03.2022 | 23.198 | 23.226 | 28 | - |
| Barclays Bank PLC |  |  |  |  |  |  |
| Australischer Dollar | Kauf | 19.01.2022 | 24.447 | 24.978 | (531) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 206.050 | 201.625 | 4.425 | 0,03 |
| Australischer Dollar | Verkauf | 19.01.2022 | 230.497 | 230.754 | 257 | - |
| Pfund Sterling | Kauf | 16.03.2022 | 36.805 | 35.999 | 806 | 0,01 |
| Pfund Sterling | Verkauf | 16.03.2022 | 36.805 | 35.934 | (871) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 92.414 | 93.182 | (768) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 350.444 | 346.682 | 3.762 | 0,02 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 68.065 | 68.449 | 384 | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 276.608 | 281.728 | 5.120 | 0,03 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 98.184 | 100.040 | 1.856 | 0,01 |
| Euro | Kauf | 16.03.2022 | 638.154 | 636.033 | 2.121 | 0,01 |


## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (-0,15 %) (30. Juni 2021: -3,27 %) 
Forts.
| Kontrahent | Währung | Kontrakttyp* | Liefertermin | Wert USD | Gesamtnennwert USD | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teilfonds |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Barclays Bank PLC  Forts. | Japanischer Yen | Kauf | 16.02.2022 | 134.699 USD | 136.223 USD | (1.524) USD | (0,01) |
|  | Japanischer Yen | Kauf | 16.02.2022 | 201.566 | 203.943 | (2.377) | (0,01) |
|  | Japanischer Yen | Verkauf | 16.02.2022 | 134.699 | 136.469 | 1.770 | 0,01 |
|  | Japanischer Yen | Verkauf | 16.02.2022 | 201.566 | 204.214 | 2.648 | 0,02 |
|  | Neuseeland-Dollar | Kauf | 19.01.2022 | 131.413 | 130.296 | 1.117 | 0,01 |
|  | Neuseeland-Dollar | Verkauf | 19.01.2022 | 131.413 | 133.634 | 2.221 | 0,01 |
| Citibank, N.A. | Australischer Dollar | Kauf | 19.01.2022 | 37.107 | 36.310 | 797 | 0,01 |
|  | Australischer Dollar | Verkauf | 19.01.2022 | 37.107 | 37.162 | 55 | - |
|  | Kanadischer Dollar | Kauf | 19.01.2022 | 2.464.887 | 2.479.002 | (14.115) | (0,09) |
|  | Kanadischer Dollar | Kauf | 19.01.2022 | 11.779 | 11.846 | (67) | - |
|  | Kanadischer Dollar | Kauf | 19.01.2022 | 362.776 | 358.857 | 3.919 | 0,02 |
|  | Kanadischer Dollar | Verkauf | 19.01.2022 | 2.012.543 | 1.990.801 | (21.742) | (0,13) |
|  | Kanadischer Dollar | Verkauf | 19.01.2022 | 276.608 | 281.726 | 5.118 | 0,03 |
|  | Kanadischer Dollar | Verkauf | 19.01.2022 | 73.124 | 73.469 | 345 | - |
|  | Kanadischer Dollar | Verkauf | 19.01.2022 | 24.823 | 24.843 | 20 | - |
|  | Dänische Krone | Kauf | 16.03.2022 | 2.944 | 2.935 | 9 | - |
|  | Japanischer Yen | Kauf | 16.02.2022 | 5.974 | 6.053 | (79) | - |
|  | Japanischer Yen | Verkauf | 16.02.2022 | 5.974 | 6.045 | 71 | - |
|  | Neuseeland-Dollar | Kauf | 19.01.2022 | 353.699 | 350.686 | 3.013 | 0,02 |
|  | Neuseeland-Dollar | Kauf | 19.01.2022 | 34.171 | 33.855 | 316 | - |
|  | Neuseeland-Dollar | Verkauf | 19.01.2022 | 353.699 | 359.593 | 5.894 | 0,04 |
|  | Neuseeland-Dollar | Verkauf | 19.01.2022 | 34.171 | 33.669 | (502) | - |
|  | Schwedische Krone | Kauf | 16.03.2022 | 454 | 453 | 1 | - |
|  | Schwedische Krone | Verkauf | 16.03.2022 | 454 | 451 | (3) | - |
| Credit Suisse International Australischer Dollar | Kauf | 19.01.2022 | 3.711 | 3.716 | (5) | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 3.711 | 3.631 | (80) | - |
| Pfund Sterling | Verkauf | 16.03.2022 | 63.056 | 61.695 | (1.361) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 90.200 | 91.618 | (1.418) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 21.661 | 21.428 | 233 | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 111.861 | 112.498 | 637 | - |
| Japanischer Yen | Kauf | 16.02.2022 | 1.905.432 | 1.927.633 | (22.201) | (0,13) |
| Japanischer Yen | Verkauf | 16.02.2022 | 1.905.432 | 1.930.368 | 24.937 | 0,15 |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 146.889 | 149.352 | (2.463) | (0,01) |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 146.889 | 145.621 | (1.268) | (0,01) |
| Goldman Sachs International Australischer Dollar | Kauf | 19.01.2022 | 353.749 | 346.151 | 7.598 | 0,05 |
| Australischer Dollar | Kauf | 19.01.2022 | 91.748 | 92.951 | (1.203) | (0,01) |
| Australischer Dollar | Kauf | 19.01.2022 | 180.512 | 183.011 | (2.499) | (0,02) |
| Australischer Dollar | Kauf | 19.01.2022 | 307.693 | 301.084 | 6.609 | 0,04 |
| Australischer Dollar | Kauf | 19.01.2022 | 34.487 | 33.872 | 615 | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 353.749 | 354.276 | 527 | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 579.953 | 580.817 | 864 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 34.487 | 33.734 | (753) | (0,01) |
| Brasilianischer Real | Kauf | 02.02.2022 | 87.426 | 87.557 | (131) | - |
| Brasilianischer Real | Verkauf | 02.02.2022 | 88.568 | 91.791 | 3.223 | 0,02 |
| Pfund Sterling | Kauf | 16.03.2022 | 109.469 | 107.710 | 1.759 | 0,01 |
| Pfund Sterling | Verkauf | 16.03.2022 | 36.941 | 36.066 | (875) | (0,01) |
| Pfund Sterling | Verkauf | 16.03.2022 | 72.528 | 70.937 | (1.591) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 874.331 | 864.927 | 9.404 | 0,06 |
| Kanadischer Dollar | Kauf | 19.01.2022 | 1.219.084 | 1.226.076 | (6.992) | (0,04) |


## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (-0,15 %) (30. Juni 2021: -3,27 %) 
Forts.
Kontrakt-
Wert
Gesamtnennwert
Nicht realisierter Wertzuwachs/ (Wertverlust)
% vom
Kontrahent	Währung
typ*	Liefertermin
USD
USD
USD
Teilfonds
| Goldman Sachs International  Forts. Kanadischer Dollar | Kauf | 19.01.2022 | 42.452 USD | 41.935 USD | 517 USD | - |
| --- | --- | --- | --- | --- | --- | --- |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 874.331 | 870.186 | (4.145) | (0,03) |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 201.112 | 204.484 | 3.372 | 0,02 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 161.032 | 160.269 | (763) | (0,01) |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 856.940 | 847.722 | (9.218) | (0,06) |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 42.452 | 42.263 | (189) | - |
| Chinesischer Yuan (Offshore) | Kauf | 16.02.2022 | 97.481 | 96.511 | 970 | 0,01 |
| Chinesischer Yuan (Offshore) | Verkauf | 16.02.2022 | 33.524 | 33.240 | (284) | - |
| Chinesischer Yuan (Offshore) | Verkauf | 16.02.2022 | 42.685 | 42.408 | (277) | - |
| Euro | Kauf | 16.03.2022 | 760.609 | 758.160 | 2.449 | 0,02 |
| Euro | Kauf | 16.03.2022 | 25.312 | 25.094 | 218 | - |
| Euro | Verkauf | 16.03.2022 | 25.312 | 25.235 | (77) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 2.054.290 | 2.078.489 | (24.199) | (0,15) |
| Japanischer Yen | Kauf | 16.02.2022 | 24.898 | 25.226 | (328) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 25.020 | 25.053 | (33) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 167.747 | 169.953 | (2.206) | (0,01) |
| Japanischer Yen | Verkauf | 16.02.2022 | 2.036.530 | 2.039.249 | 2.719 | 0,02 |
| Japanischer Yen | Verkauf | 16.02.2022 | 6.166 | 6.238 | 72 | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 24.746 | 24.998 | 252 | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 49.042 | 49.411 | 369 | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 137.710 | 137.894 | 184 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 24.105 | 25.001 | (896) | (0,01) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 645.217 | 639.715 | 5.502 | 0,03 |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 34.103 | 33.788 | 315 | - |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 490.042 | 498.075 | 8.033 | 0,05 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 90.120 | 91.179 | 1.059 | 0,01 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 89.161 | 93.634 | 4.473 | 0,03 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 34.103 | 33.602 | (501) | - |
| Norwegische Krone | Kauf | 16.03.2022 | 8.607 | 8.338 | 269 | - |
| Norwegische Krone | Kauf | 16.03.2022 | 227 | 223 | 4 | - |
| Norwegische Krone | Kauf | 16.03.2022 | 4.003 | 3.888 | 115 | - |
| Norwegische Krone | Verkauf | 16.03.2022 | 12.837 | 12.518 | (319) | - |
| Polnischer Zloty | Kauf | 16.03.2022 | 27.970 | 27.735 | 235 | - |
| Schweizer Franken | Kauf | 16.03.2022 | 42.770 | 42.258 | 512 | - |
| Schweizer Franken | Verkauf | 16.03.2022 | 17.152 | 17.030 | (122) | - |
| Schweizer Franken | Verkauf | 16.03.2022 | 42.770 | 42.465 | (305) | - |
| HSBC Bank USA, N.A. Australischer Dollar | Kauf | 19.01.2022 | 175.565 | 171.794 | 3.771 | 0,02 |
| Australischer Dollar | Verkauf | 19.01.2022 | 175.565 | 175.773 | 208 | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 72.729 | 73.152 | (423) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 527.208 | 521.451 | 5.757 | 0,03 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 599.937 | 613.723 | 13.786 | 0,08 |
| Japanischer Yen | Kauf | 16.02.2022 | 327.427 | 331.252 | (3.825) | (0,02) |
| Japanischer Yen | Kauf | 16.02.2022 | 55.491 | 56.140 | (649) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 24.721 | 24.953 | (232) | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 327.427 | 331.727 | 4.300 | 0,03 |
| Japanischer Yen | Verkauf | 16.02.2022 | 80.213 | 81.266 | 1.053 | 0,01 |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 427.383 | 445.734 | (18.351) | (0,11) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 130.112 | 134.829 | (4.717) | (0,03) |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 228.654 | 232.461 | 3.807 | 0,02 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 328.840 | 326.027 | (2.813) | (0,02) |


## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (-0,15 %) (30. Juni 2021: -3,27 %) 
Forts.
Kontrahent	Währung	Kontrakttyp*	Liefertermin
Wert USD
Gesamtnennwert
USD
Nicht realisierter Wertzuwachs/ (Wertverlust)
USD
% vom Teilfonds
| JPMorgan Chase Bank, N.A. Australischer Dollar | Kauf | 19.01.2022 | 479.257 USD | 479.972 USD | (715) USD | - |
| --- | --- | --- | --- | --- | --- | --- |
| Australischer Dollar | Verkauf | 19.01.2022 | 183.568 | 187.107 | 3.539 | 0,02 |
| Australischer Dollar | Verkauf | 19.01.2022 | 179.567 | 186.023 | 6.456 | 0,04 |
| Australischer Dollar | Verkauf | 19.01.2022 | 116.122 | 113.623 | (2.499) | (0,02) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 463.570 | 466.271 | (2.701) | (0,02) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 198.661 | 199.819 | (1.158) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 90.121 | 92.217 | (2.096) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 182.218 | 187.121 | (4.903) | (0,03) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 24.586 | 24.723 | (137) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 42.452 | 41.935 | 517 | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 463.570 | 458.561 | (5.009) | (0,03) |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 495.586 | 490.231 | (5.355) | (0,03) |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 42.452 | 42.262 | (190) | - |
| Euro | Kauf | 16.03.2022 | 118.236 | 117.855 | 381 | - |
| Euro | Kauf | 16.03.2022 | 42.186 | 41.822 | 364 | - |
| Euro | Kauf | 19.01.2022 | 10.022 | 9.956 | 66 | - |
| Euro | Kauf | 19.01.2022 | 11.616 | 11.553 | 63 | - |
| Euro | Verkauf | 16.03.2022 | 42.186 | 42.050 | (136) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 538.256 | 545.330 | (7.074) | (0,04) |
| Japanischer Yen | Verkauf | 16.02.2022 | 538.256 | 544.637 | 6.381 | 0,04 |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 1.213.532 | 1.233.807 | (20.275) | (0,12) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 2.602 | 2.564 | 38 | - |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 1.213.532 | 1.203.096 | (10.436) | (0,06) |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 2.602 | 2.580 | (22) | - |
| Norwegische Krone | Verkauf | 16.03.2022 | 21.456 | 20.782 | (674) | - |
| Singapur-Dollar | Kauf | 16.02.2022 | 89.024 | 88.897 | 127 | - |
| Singapur-Dollar | Verkauf | 16.02.2022 | 79.083 | 78.951 | (132) | - |
| Südkoreanischer Won | Kauf | 16.02.2022 | 40.019 | 40.113 | (94) | - |
| Südkoreanischer Won | Verkauf | 16.02.2022 | 40.058 | 40.098 | 40 | - |
| Morgan Stanley & Co. International PLC Australischer Dollar | Kauf | 19.01.2022 | 79.743 | 80.235 | (492) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 699.931 | 701.009 | (1.078) | (0,01) |
| Australischer Dollar | Kauf | 19.01.2022 | 45.328 | 46.770 | (1.442) | (0,01) |
| Australischer Dollar | Kauf | 19.01.2022 | 142.678 | 144.376 | (1.698) | (0,01) |
| Australischer Dollar | Kauf | 19.01.2022 | 1.819 | 1.779 | 40 | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 79.743 | 78.028 | (1.715) | (0,01) |
| Australischer Dollar | Verkauf | 19.01.2022 | 887.938 | 868.849 | (19.089) | (0,12) |
| Australischer Dollar | Verkauf | 19.01.2022 | 1.819 | 1.793 | (26) | - |
| Pfund Sterling | Kauf | 16.03.2022 | 36.941 | 36.135 | 806 | 0,01 |
| Pfund Sterling | Verkauf | 16.03.2022 | 36.941 | 36.067 | (874) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 509.104 | 503.619 | 5.485 | 0,03 |
| Kanadischer Dollar | Kauf | 19.01.2022 | 137.869 | 139.999 | (2.130) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 89.884 | 91.338 | (1.454) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 182.218 | 187.121 | (4.903) | (0,03) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 112.572 | 114.448 | (1.876) | (0,01) |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 509.104 | 512.021 | 2.917 | 0,02 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 139.292 | 140.090 | 798 | 0,01 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 201.112 | 204.482 | 3.370 | 0,02 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 182.139 | 180.177 | (1.962) | (0,01) |
| Euro | Verkauf | 19.01.2022 | 4.214 | 4.200 | (14) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 613.409 | 621.477 | (8.068) | (0,05) |


## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (-0,15 %) (30. Juni 2021: -3,27 %) 
Forts.
Kontrahent	Währung	Kontrakttyp*	Liefertermin
Wert USD
Gesamtnennwert
USD
Nicht realisierter Wertzuwachs/ (Wertverlust)
USD
% vom Teilfonds
| Morgan Stanley & Co. International PLC  Forts. Japanischer Yen | Kauf | 16.02.2022 | 404.210 USD | 408.990 USD | (4.780) USD | (0,03) |
| --- | --- | --- | --- | --- | --- | --- |
| Japanischer Yen | Kauf | 16.02.2022 | 49.844 | 50.581 | (737) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 50.203 | 51.065 | (862) | (0,01) |
| Japanischer Yen | Verkauf | 16.02.2022 | 613.409 | 620.662 | 7.253 | 0,04 |
| Japanischer Yen | Verkauf | 16.02.2022 | 138.803 | 141.625 | 2.822 | 0,02 |
| Japanischer Yen | Verkauf | 16.02.2022 | 8.290 | 8.435 | 145 | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 495.968 | 502.492 | 6.524 | 0,04 |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 106.418 | 111.652 | (5.234) | (0,03) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 130.112 | 134.827 | (4.715) | (0,03) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 195.921 | 194.246 | 1.675 | 0,01 |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 57.455 | 56.612 | 843 | 0,01 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 489.905 | 498.061 | 8.156 | 0,05 |
| Schwedische Krone | Kauf | 16.03.2022 | 8.227 | 8.237 | (10) | - |
| Schwedische Krone | Kauf | 16.03.2022 | 8.471 | 8.406 | 65 | - |
| Schwedische Krone | Kauf | 16.03.2022 | 2.436 | 2.420 | 16 | - |
| Schwedische Krone | Verkauf | 16.03.2022 | 19.134 | 19.035 | (99) | - |
| Schweizer Franken | Kauf | 16.03.2022 | 16.932 | 16.810 | 122 | - |
| Schweizer Franken | Kauf | 16.03.2022 | 25.838 | 25.467 | 371 | - |
| Schweizer Franken | Verkauf | 16.03.2022 | 42.770 | 42.252 | (518) | - |
| NatWest Markets PLC Australischer Dollar | Kauf | 19.01.2022 | 192.081 | 192.372 | (291) | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 91.457 | 94.041 | 2.584 | 0,02 |
| Australischer Dollar | Verkauf | 19.01.2022 | 100.624 | 98.459 | (2.165) | (0,01) |
| Pfund Sterling | Kauf | 16.03.2022 | 8.525 | 8.332 | 193 | - |
| Pfund Sterling | Verkauf | 16.03.2022 | 8.525 | 8.338 | (187) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 125.616 | 126.341 | (725) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 125.616 | 124.261 | (1.355) | (0,01) |
| Japanischer Yen | Kauf | 16.02.2022 | 1.367.730 | 1.385.728 | (17.998) | (0,11) |
| Japanischer Yen | Kauf | 16.02.2022 | 4.596 | 4.649 | (53) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 73.494 | 73.858 | (364) | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 1.367.730 | 1.383.586 | 15.856 | 0,10 |
| Japanischer Yen | Verkauf | 16.02.2022 | 78.090 | 79.118 | 1.028 | 0,01 |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 134.905 | 138.274 | (3.369) | (0,02) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 554.961 | 550.237 | 4.724 | 0,03 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 689.866 | 701.438 | 11.572 | 0,07 |
| State Street Bank & Trust Company Australischer Dollar | Kauf | 19.01.2022 | 466.815 | 456.787 | 10.028 | 0,06 |
| Australischer Dollar | Kauf | 19.01.2022 | 50.785 | 49.680 | 1.105 | 0,01 |
| Australischer Dollar | Kauf | 19.01.2022 | 91.748 | 92.950 | (1.202) | (0,01) |
| Australischer Dollar | Kauf | 19.01.2022 | 90.438 | 91.500 | (1.062) | (0,01) |
| Australischer Dollar | Kauf | 19.01.2022 | 180.512 | 183.012 | (2.500) | (0,02) |
| Australischer Dollar | Kauf | 19.01.2022 | 45.328 | 46.770 | (1.442) | (0,01) |
| Australischer Dollar | Kauf | 19.01.2022 | 119.978 | 122.538 | (2.560) | (0,02) |
| Australischer Dollar | Kauf | 19.01.2022 | 142.751 | 144.447 | (1.696) | (0,01) |
| Australischer Dollar | Kauf | 19.01.2022 | 24.665 | 24.786 | (121) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 73.340 | 73.370 | (30) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 55.514 | 55.105 | 409 | - |
| Australischer Dollar | Kauf | 19.01.2022 | 8.513 | 8.330 | 183 | - |
| Australischer Dollar | Kauf | 19.01.2022 | 813.579 | 796.102 | 17.477 | 0,11 |
| Australischer Dollar | Kauf | 19.01.2022 | 8.585 | 8.284 | 301 | - |
| Australischer Dollar | Kauf | 19.01.2022 | 34.487 | 33.871 | 616 | - |
| Australischer Dollar | Kauf | 19.01.2022 | 32.668 | 31.958 | 710 | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 466.815 | 467.463 | 648 | - |


## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (-0,15 %) (30. Juni 2021: -3,27 %) 
Forts.
Kontrakt-
Wert
Gesamtnennwert
Nicht realisierter Wertzuwachs/ (Wertverlust)
% vom
Kontrahent	Währung
typ*	Liefertermin
USD
USD
USD
Teilfonds
| State Street Bank & Trust Company  Forts. Australischer Dollar | Verkauf | 19.01.2022 | 50.785 USD | 49.684 USD | (1.101) USD | (0,01) |
| --- | --- | --- | --- | --- | --- | --- |
| Australischer Dollar | Verkauf | 19.01.2022 | 479.839 | 480.505 | 666 | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 92.257 | 92.819 | 562 | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 180.876 | 184.621 | 3.745 | 0,02 |
| Australischer Dollar | Verkauf | 19.01.2022 | 91.457 | 93.377 | 1.920 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 90.729 | 93.704 | 2.975 | 0,02 |
| Australischer Dollar | Verkauf | 19.01.2022 | 90.147 | 92.833 | 2.686 | 0,02 |
| Australischer Dollar | Verkauf | 19.01.2022 | 72.394 | 74.588 | 2.194 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 72.321 | 74.711 | 2.390 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 72.103 | 74.419 | 2.316 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 72.612 | 74.978 | 2.366 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 49.184 | 50.067 | 883 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 49.548 | 50.480 | 932 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 124.925 | 127.483 | 2.558 | 0,02 |
| Australischer Dollar | Verkauf | 19.01.2022 | 149.590 | 151.665 | 2.075 | 0,01 |
| Australischer Dollar | Verkauf | 19.01.2022 | 8.367 | 8.305 | (62) | - |
| Australischer Dollar | Verkauf | 19.01.2022 | 25.756 | 25.203 | (553) | - |
| Pfund Sterling | Kauf | 16.03.2022 | 17.050 | 16.778 | 272 | - |
| Pfund Sterling | Kauf | 16.03.2022 | 8.525 | 8.342 | 183 | - |
| Pfund Sterling | Kauf | 16.03.2022 | 4.059 | 3.970 | 89 | - |
| Pfund Sterling | Verkauf | 16.03.2022 | 47.360 | 46.355 | (1.005) | (0,01) |
| Pfund Sterling | Verkauf | 16.03.2022 | 29.634 | 28.987 | (647) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 426.177 | 421.596 | 4.581 | 0,03 |
| Kanadischer Dollar | Kauf | 19.01.2022 | 137.948 | 140.077 | (2.129) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 90.911 | 92.271 | (1.360) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 90.279 | 91.696 | (1.417) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 90.200 | 92.298 | (2.098) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 72.650 | 74.392 | (1.742) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 112.572 | 114.447 | (1.875) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 8.459 | 8.369 | 90 | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 16.838 | 16.848 | (10) | - |
| Kanadischer Dollar | Kauf | 19.01.2022 | 12.016 | 11.870 | 146 | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 426.177 | 428.653 | 2.476 | 0,02 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 8.617 | 8.667 | 50 | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 276.687 | 281.805 | 5.118 | 0,03 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 201.112 | 204.485 | 3.373 | 0,02 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 103.007 | 101.899 | (1.108) | (0,01) |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 42.452 | 42.263 | (189) | - |
| Chinesischer Yuan (Offshore) | Kauf | 16.02.2022 | 88.446 | 87.377 | 1.069 | 0,01 |
| Chinesischer Yuan (Offshore) | Kauf | 16.02.2022 | 33.524 | 33.242 | 282 | - |
| Chinesischer Yuan (Offshore) | Verkauf | 16.02.2022 | 121.969 | 120.647 | (1.322) | (0,01) |
| Euro | Kauf | 16.03.2022 | 8.437 | 8.368 | 69 | - |
| Euro | Kauf | 16.03.2022 | 46.975 | 46.604 | 371 | - |
| Euro | Verkauf | 16.03.2022 | 56.325 | 55.752 | (573) | - |
| Euro | Verkauf | 16.03.2022 | 41.958 | 41.665 | (293) | - |
| Euro | Verkauf | 16.03.2022 | 25.312 | 25.235 | (77) | - |
| Euro | Verkauf | 16.03.2022 | 1.140 | 1.133 | (7) | - |
| Euro | Verkauf | 16.03.2022 | 28.960 | 28.710 | (250) | - |
| Israelischer Schekel | Kauf | 19.01.2022 | 38.343 | 36.971 | 1.372 | 0,01 |
| Israelischer Schekel | Verkauf | 19.01.2022 | 35.802 | 35.898 | 96 | - |
| Japanischer Yen | Kauf | 16.02.2022 | 5.182.654 | 5.243.703 | (61.050) | (0,37) |
| Japanischer Yen | Kauf | 16.02.2022 | 147.054 | 148.270 | (1.216) | (0,01) |
| Japanischer Yen | Kauf | 16.02.2022 | 1.768.748 | 1.792.000 | (23.252) | (0,14) |


## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (-0,15 %) (30. Juni 2021: -3,27 %) 
Forts.
Kontrahent	Währung	Kontrakttyp*	Liefertermin
Wert USD
Gesamtnennwert
USD
Nicht realisierter Wertzuwachs/ (Wertverlust)
USD
% vom Teilfonds
| State Street Bank & Trust Company  Forts. Japanischer Yen | Kauf | 16.02.2022 | 8.232 USD | 8.346 USD | (114) USD | - |
| --- | --- | --- | --- | --- | --- | --- |
| Japanischer Yen | Kauf | 16.02.2022 | 1.100 | 1.116 | (16) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 36.894 | 37.389 | (495) | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 4.149.900 | 4.204.455 | 54.556 | 0,33 |
| Japanischer Yen | Verkauf | 16.02.2022 | 40.305 | 40.622 | 317 | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 1.765.414 | 1.786.210 | 20.796 | 0,13 |
| Japanischer Yen | Verkauf | 16.02.2022 | 150.387 | 152.018 | 1.631 | 0,01 |
| Japanischer Yen | Verkauf | 16.02.2022 | 46.226 | 46.895 | 669 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 106.418 | 111.654 | (5.236) | (0,03) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 130.112 | 134.829 | (4.717) | (0,03) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 24.105 | 25.091 | (986) | (0,01) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 24.310 | 25.259 | (949) | (0,01) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 48.895 | 51.122 | (2.227) | (0,01) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 121.483 | 126.259 | (4.776) | (0,03) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 110.390 | 114.132 | (3.742) | (0,02) |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 24.105 | 24.744 | (639) | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 8.423 | 8.420 | 3 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 16.983 | 16.815 | 168 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 8.218 | 8.095 | 123 | - |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 47.936 | 48.715 | 779 | 0,01 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 91.147 | 91.949 | 802 | 0,01 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 24.105 | 24.674 | 569 | - |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 426.630 | 422.967 | (3.663) | (0,02) |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 33.624 | 33.163 | (461) | - |
| Schwedische Krone | Kauf | 16.03.2022 | 8.360 | 8.369 | (9) | - |
| Schwedische Krone | Verkauf | 16.03.2022 | 16.986 | 17.004 | 18 | - |
| Schwedische Krone | Verkauf | 16.03.2022 | 6.378 | 6.345 | (33) | - |
| Schwedische Krone | Verkauf | 16.03.2022 | 1.982 | 1.969 | (13) | - |
| Schweizer Franken | Verkauf | 16.03.2022 | 74.546 | 73.407 | (1.139) | (0,01) |
| Toronto-Dominion Bank Australischer Dollar | Kauf | 19.01.2022 | 152.355 | 152.582 | (227) | - |
| Australischer Dollar | Kauf | 19.01.2022 | 142.678 | 144.378 | (1.700) | (0,01) |
| Australischer Dollar | Verkauf | 19.01.2022 | 295.033 | 288.686 | (6.347) | (0,04) |
| Pfund Sterling | Kauf | 16.03.2022 | 36.941 | 36.130 | 811 | 0,01 |
| Pfund Sterling | Verkauf | 16.03.2022 | 36.941 | 36.066 | (875) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 90.832 | 92.192 | (1.360) | (0,01) |
| Kanadischer Dollar | Kauf | 19.01.2022 | 459.617 | 454.672 | 4.945 | 0,03 |
| Kanadischer Dollar | Kauf | 19.01.2022 | 1.897 | 1.889 | 8 | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 72.729 | 73.145 | 416 | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 276.608 | 281.725 | 5.117 | 0,03 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 201.112 | 204.483 | 3.371 | 0,02 |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 1.897 | 1.874 | (23) | - |
| Euro | Kauf | 16.03.2022 | 677.718 | 675.536 | 2.182 | 0,01 |
| Euro | Kauf | 16.03.2022 | 46.975 | 46.605 | 370 | - |
| Euro | Kauf | 19.01.2022 | 12.527 | 12.468 | 59 | - |
| Euro | Verkauf | 16.03.2022 | 46.975 | 46.570 | (405) | - |
| Japanischer Yen | Kauf | 16.02.2022 | 563.290 | 569.933 | (6.643) | (0,04) |
| Japanischer Yen | Kauf | 16.02.2022 | 46.225 | 46.841 | (616) | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 563.290 | 570.682 | 7.392 | 0,04 |
| Japanischer Yen | Verkauf | 16.02.2022 | 46.225 | 46.893 | 668 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 208.247 | 206.471 | 1.776 | 0,01 |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 208.247 | 211.694 | 3.447 | 0,02 |
| Norwegische Krone | Kauf | 16.03.2022 | 16.840 | 16.313 | 527 | - |
| Norwegische Krone | Verkauf | 16.03.2022 | 12.837 | 12.519 | (318) | - |
| Norwegische Krone | Verkauf | 16.03.2022 | 4.003 | 3.888 | (115) | - |


## 31. Dezember 2021
DEVISENTERMINKONTRAKTE (-0,15 %) (30. Juni 2021: -3,27 %) 
Forts.
| Kontrahent | Währung | Kontrakttyp* | Liefertermin | Wert USD | Gesamtnennwert USD | Nicht realisierter Wertzuwachs/ (Wertverlust) USD | % vom Teilfonds |
| --- | --- | --- | --- | --- | --- | --- | --- |
| UBS AG | Australischer Dollar | Kauf | 19.01.2022 | 491.116 USD | 491.777 USD | (661) USD | - |
|  | Australischer Dollar | Kauf | 19.01.2022 | 469.871 | 468.491 | 1.380 | 0,01 |
|  | Australischer Dollar | Kauf | 19.01.2022 | 362.698 | 363.186 | (488) | - |
|  | Australischer Dollar | Verkauf | 19.01.2022 | 740.821 | 724.907 | (15.914) | (0,10) |
|  | Australischer Dollar | Verkauf | 19.01.2022 | 147.917 | 144.160 | (3.757) | (0,02) |
|  | Australischer Dollar | Verkauf | 19.01.2022 | 50.785 | 49.680 | (1.105) | (0,01) |
|  | Australischer Dollar | Verkauf | 19.01.2022 | 179.567 | 186.013 | 6.446 | 0,04 |
|  | Australischer Dollar | Verkauf | 19.01.2022 | 183.132 | 179.198 | (3.934) | (0,02) |
|  | Kanadischer Dollar | Kauf | 19.01.2022 | 356.294 | 352.461 | 3.833 | 0,02 |
|  | Kanadischer Dollar | Kauf | 19.01.2022 | 438.668 | 441.175 | (2.507) | (0,02) |
|  | Kanadischer Dollar | Kauf | 19.01.2022 | 92.493 | 93.261 | (768) | (0,01) |
|  | Kanadischer Dollar | Verkauf | 19.01.2022 | 356.294 | 364.054 | 7.760 | 0,05 |
|  | Kanadischer Dollar | Verkauf | 19.01.2022 | 61.425 | 62.254 | 829 | 0,01 |
|  | Kanadischer Dollar | Verkauf | 19.01.2022 | 276.608 | 281.729 | 5.121 | 0,03 |
|  | Kanadischer Dollar | Verkauf | 19.01.2022 | 98.105 | 99.958 | 1.853 | 0,01 |
|  | Kanadischer Dollar | Verkauf | 19.01.2022 | 95.022 | 93.868 | (1.154) | (0,01) |
|  | Euro | Kauf | 16.03.2022 | 8.437 | 8.364 | 73 | - |
|  | Euro | Kauf | 19.01.2022 | 14.577 | 14.521 | 56 | - |
|  | Euro | Verkauf | 16.03.2022 | 8.437 | 8.410 | (27) | - |
|  | Hongkong-Dollar | Verkauf | 16.02.2022 | 23.561 | 23.602 | 41 | - |
|  | Japanischer Yen | Kauf | 16.02.2022 | 2.305.601 | 2.335.907 | (30.306) | (0,18) |
|  | Japanischer Yen | Kauf | 16.02.2022 | 1.100.194 | 1.112.762 | (12.568) | (0,08) |
|  | Japanischer Yen | Verkauf | 16.02.2022 | 2.305.601 | 2.331.939 | 26.339 | 0,16 |
|  | Japanischer Yen | Verkauf | 16.02.2022 | 150.387 | 152.020 | 1.633 | 0,01 |
|  | Japanischer Yen | Verkauf | 16.02.2022 | 858.497 | 869.782 | 11.285 | 0,07 |
|  | Japanischer Yen | Verkauf | 16.02.2022 | 8.190 | 8.298 | 108 | - |
|  | Japanischer Yen | Verkauf | 16.02.2022 | 83.119 | 84.229 | 1.110 | 0,01 |
|  | Neuseeland-Dollar | Kauf | 19.01.2022 | 134.837 | 138.205 | (3.368) | (0,02) |
|  | Neuseeland-Dollar | Kauf | 19.01.2022 | 130.112 | 134.835 | (4.723) | (0,03) |
|  | Neuseeland-Dollar | Kauf | 19.01.2022 | 110.390 | 114.132 | (3.742) | (0,02) |
|  | Neuseeland-Dollar | Verkauf | 19.01.2022 | 313.501 | 318.751 | 5.250 | 0,03 |
|  | Neuseeland-Dollar | Verkauf | 19.01.2022 | 48.141 | 49.170 | 1.029 | 0,01 |
|  | Neuseeland-Dollar | Verkauf | 19.01.2022 | 13.696 | 13.578 | (118) | - |
| Westpac Banking Corporation Kanadischer Dollar | Kauf | 19.01.2022 | 63.559 | 63.922 | (363) | - |
| Kanadischer Dollar | Verkauf | 19.01.2022 | 63.559 | 62.867 | (692) | - |
| Euro | Kauf | 19.01.2022 | 934.075 | 929.703 | 4.372 | 0,03 |
| Japanischer Yen | Kauf | 16.02.2022 | 356.413 | 361.113 | (4.700) | (0,03) |
| Japanischer Yen | Kauf | 16.02.2022 | 25.570 | 25.907 | (337) | - |
| Japanischer Yen | Verkauf | 16.02.2022 | 356.413 | 360.546 | 4.133 | 0,03 |
| Japanischer Yen | Verkauf | 16.02.2022 | 25.570 | 25.866 | 296 | - |
| Neuseeland-Dollar | Kauf | 19.01.2022 | 129.906 | 134.619 | (4.713) | (0,03) |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 19.654 | 19.981 | 327 | - |
| Neuseeland-Dollar | Verkauf | 19.01.2022 | 110.253 | 109.301 | (952) | (0,01) |
| Nicht realisierter Wertzuwachs aus Devisenterminkontrakten | 581.638 USD | 3,52 |
| Nicht realisierter Wertverlust aus Devisenterminkontrakten | (606.981) USD | (3,67) |
| Nicht realisierter Wertverlust aus Devisenterminkontrakten, netto | (25.343) USD | (0,15) |
| Summe finanzieller Vermögenswerte, erfolgswirksam zum beizulegenden Zeitwert | 15.431.321 USD | 93,31 |
| Summe finanzieller Verbindlichkeiten, erfolgswirksam zum beizulegenden Zeitwert | (2.717.438) USD | (16,43) |
| * Die Umtauschwährung für alle aufgeführten Verträge ist der US-Dollar. |  |  |


## 31. Dezember 2021
Analyse des Gesamtvermögens
% des Gesamt- vermö- gens
Übertragbare Wertpapiere, die an einer amtlichen Börse zur Notierung zugelassen wurden	11,77
Übertragbare Wertpapiere, die an einem anderen geregelten Markt gehandelt werden	27,42
Sonstige übertragbare Wertpapiere gemäß Vorschrift 68 (1) (a), (b) und (c)	35,38
Im Freiverkehr gehandelte derivative Finanzinstrumente (OTC-Derivate)	3,71
Börsengehandelte derivative Finanzinstrumente	0,39
Zentral abgewickelte derivative Finanzinstrumente	-
Sonstige Vermögenswerte	21,33
Summe Vermögenswerte	100,00

## 31. Dezember 2021
NICHT-US-AKTIEN (5,60 %) (30. Juni 2021: 4,89 %)	
% vom
US-AKTIEN (93,01 %) (30. Juni 2021: 93,56 %) 
Forts.	
% vom
Anzahl von Anteilen
Wert USD
Teil- fonds
Anzahl von Anteilen
Wert USD
Teil- fonds
| Baustoffe (1,78 %)	Internet (19,89 %)  Forts. 	9.605 Johnson Controls International PLC (Ireland)  780.982 USD	1,78	1.245 Palo Alto Networks Incorporated | 693.166 USD | 1,58 |
| --- | --- | --- |
|  | 780.982 | 1,78 | 16.566 Uber Technologies Incorporated | 694.612 | 1,58 |
| Computer (2,20 %) |  |  |  | 8.733.187 | 19,89 |

2.332 Accenture PLC (Ireland)	966.731 2,20
966.731  2,20
Verbraucherdienstleistungen (- %)
2 HC Brillant Services GmbH (Germany) (F)	-	-
-	-
Unterhaltung (0,76 %)
11.825 Universal Music Group NV (Netherlands)	333.607  0,76
333.607  0,76
Maschinen (1,79 %)
1.708 Deere & Company	585.656	1,33
3.298 Ingersoll Rand Incorporated	204.047  0,46
789.703	1,79
Medien (0,63 %)
1.793 Walt Disney Company	277.718 0,63
277.718  0,63
Medizintechnik (2,60 %)
| Medizinische Dienstleistungen (0,86 %)	2.237 Danaher Corporation	735.995 | 1,68 |
| --- | --- |
| 452 Lonza Group AG (Switzerland) | 377.791 | 0,86 |  | 615 IDEXX Laboratories Incorporated | 404.953 | 0,92 |
|  | 377.791 | 0,86 |  |  | 1.140.948 | 2,60 |
| Summe Nicht-US-Aktien	2.459.111 USD | 5,60	Pharma (1,83 %) |

| KTIEN (93,01 %) (30. Juni 2021: 93,56 %)	742 DexCom Incorporated	398.417	0,91 |
| --- |
| % vom	1.474 Eli Lilly & Company	407.148 | 0,92 |
| hl von	Wert  Teil-	805.565	1,83 |
| teilen	USD fonds	Immobilien (1,40 %) dung (1,80 %)	2.106 American Tower Corporation	616.005 | 1,40 |
| 4.734 NIKE Incorporated	789.016 USD	1,80	616.005 | 1,40 |

US-A
Anza
An Beklei
| 789.016 Automobile (3,65 %) | 1,80 |  | Einzelhandel (6,49 %) 228 Chipotle Mexican Grill Incorporated | 398.601 | 0,91 |
| --- | --- | --- | --- | --- | --- |
| 1.517 Tesla Incorporated	1.603.135 | 3,65 |  | 373 Costco Wholesale Corporation | 211.752 | 0,48 |
| 1.603.135 | 3,65 |  | 1.379 Home Depot Incorporated | 572.299 | 1,30 |
| Biotechnologie (0,89 %) |  |  | 1.216 Lululemon Athletica Incorporated | 476.003 | 1,08 |
| 618 Regeneron Pharmaceuticals Incorporated	390.279 | 0,89 |  | 684 O'Reilly Automotive Incorporated | 483.061 | 1,10 |
| 390.279  0,89	9.327 TJX Companies Incorporated	708.106 | 1,62 |
| Chemie (1,12 %)	2.849.822 | 6,49 |
| 1.402 Sherwin-Williams Company | 493.728 | 1,12 | Halbleiter (6,63 %) |

|  | 493.728 | 1,12 | 3.945 Advanced Micro Devices Incorporated | 567.686 | 1,29 |
| --- | --- | --- | --- | --- | --- |
| Kommerzielle Dienstleistungen (2,15 %) |  |  | 7.093 Marvell Technology Incorporated | 620.567 | 1,41 |
| 468 Block Incorporated | 75.587 | 0,17 | 5.856 NVIDIA Corporation | 1.722.308 | 3,93 |

4.603 PayPal Holdings Incorporated	868.034	1,98
943.621	2,15
Software (18,90 %)
2.910.561  6,63
| Computer (9,13 %) |  |  | 1.796 Adobe Incorporated | 1.018.440 | 2,33 |
| --- | --- | --- | --- | --- | --- |
| 22.571 Apple Incorporated	4.007.932 | 9,13 |  | 4.346 Cadence Design Systems Incorporated | 809.877 | 1,84 |
| 4.007.932 | 9,13 |  | 1.477 DocuSign Incorporated | 224.962 | 0,51 |

| 1.488 Intuit Incorporated | 957.111 | 2,18 |
| --- | --- | --- |
| 12.706 Microsoft Corporation | 4.273.282 | 9,73 |
| 2.345 salesforce.com Incorporated | 595.935 | 1,36 |

Kosmetik/Körperpflege (1,24 %)
1.471 Estee Lauder Companies Incorporated	544.564	1,24
544.564	1,24
| 645 ServiceNow Incorporated	418.676 | 0,95 |
| --- | --- |
| 8.298.283 | 18,90 |
| 3.198 Union Pacific Corporation	805.672 | 1,83 |
|  | 805.672 | 1,83 |
| Summe US-Aktien | 40.847.363 USD | 93,01 |

Diversifizierte Finanzdienstleistungen (4,67 %)
| 3.067 Mastercard Incorporated | 1.102.034 | 2,51 |
| --- | --- | --- |
| 4.383 Visa Incorporated | 949.840 | 2,16 |
|  | 2.051.874 | 4,67 |

Transport (1,83 %)
Unterhaltung (1,34 %)
| 7.056 DraftKings Incorporated | 193.828 | 0,44 |
| --- | --- | --- |
| 3.285 Live Nation Entertainment Incorporated | 393.182 | 0,90 |
| Medizinische Dienstleistungen (5,03 %) | 587.010 | 1,34 |
| 3.092 HCA Healthcare Incorporated | 794.397 | 1,81 |
| 2.192 IQVIA Holdings Incorporated | 618.451 | 1,41 |
| 1.585 UnitedHealth Group Incorporated | 795.892 | 1,81 |
| Internet (19,89 %) | 2.208.740 | 5,03 |
| 2.075 Airbnb Incorporated	345.467 | 0,79 |
| 876 Alphabet Incorporated | 2.534.785 | 5,77 |
| 897 Amazon.com Incorporated | 2.990.904 | 6,81 |
| 3.878 Meta Platforms Incorporated | 1.304.365 | 2,97 |
| 282 Netflix Incorporated	169.888 | 0,39 |


## 31. Dezember 2021
OPTIONSSCHEINE (-%) (30. Juni 2021: - %)
US-AMERIKANISCHE SCHATZOBLIGATIONEN (1,59 %) (30. Juni 2021: 1,15 %)
| Kapital betrag | Zins (%) | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- | --- |
| 500.000 USD United States Treasury Bill | 0,04 | 17.02.2022 | 499.971 USD | 1,13 |
| 200.000 United States Treasury Bill | 0,06 | 19.05.2022 | 199.952 | 0,46 |
| Summe US-amerikanischer Schatzobligationen |  |  | 699.923 USD | 1,59 |

- Dieses Wertpapier wird vom Anlageberater zum beizulegenden Zeitwert bewertet. In Bezug auf den Financial Reporting Standard 102 („FRS 102“)„Beizulegender Zeitwert: Angaben“ können Wertpapiere basierend auf ihren Bewertungsparametern in Level 2 oder Level 3 eingestuft werden.

AUSSTEHENDE GEKAUFTE AKTIENOPTIONEN (- %) (30. Juni 2021: 0,25 %)
AUSSTEHENDE VERKAUFTE AKTIENOPTIONEN (- %) (30. Juni 2021: -0,05 %)
Gesamtwert der Kapitalanlagen ohne derivative Finanzinstrumente	44.006.397 USD	100,20
DEVISENTERMINKONTRAKTE (0,21 %) (30. Juni 2021: -1,49 %)
Nicht realisierter Wertzuwachs/ % vom
| Kontrahent | Währung | Kontrakttyp* | Liefertermin | Wert USD | Gesamtnennwert USD | (Wertverlust) USD | Teil- fonds |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Bank of America, N.A. | Euro | Verkauf | 19.01.2022 | 382.650 USD | 378.846 USD | (3.804) USD | (0,01) |
| Goldman Sachs International | Euro | Kauf | 19.01.2022 | 373.767 | 372.215 | 1.552 | - |
| JPMorgan Chase Bank, N.A. | Euro | Kauf | 19.01.2022 | 430.025 | 427.928 | 2.097 | - |
| Morgan Stanley & Co. International PLC | Euro | Kauf | 19.01.2022 | 474.326 | 472.112 | 2.214 | 0,01 |
| State Street Bank & Trust Company | Euro | Kauf | 19.01.2022 | 5.050.293 | 5.026.167 | 24.127 | 0,05 |
|  | Euro | Kauf | 19.01.2022 | 491.523 | 489.173 | 2.350 | 0,01 |
|  | Euro | Verkauf | 16.03.2022 | 375.801 | 374.128 | (1.673) | - |
|  | Euro | Verkauf | 19.01.2022 | 466.241 | 461.992 | (4.248) | (0,01) |
|  | Euro | Verkauf | 19.01.2022 | 444.944 | 442.826 | (2.118) | (0,01) |
|  | Euro | Verkauf | 19.01.2022 | 559.284 | 553.575 | (5.708) | (0,01) |
| Toronto Dominion Bank | Euro | Kauf | 19.01.2022 | 853.560 | 849.516 | 4.044 | 0,01 |
| UBS AG | Euro | Kauf | 19.01.2022 | 665.309 | 662.733 | 2.576 | 0,01 |
| Westpac Banking Corporation | Euro | Kauf | 19.01.2022 | 15.593.091 | 15.520.105 | 72.987 | 0,16 |

Nicht realisierter Wertzuwachs aus Devisenterminkontrakten	111.947 USD	0,25
Nicht realisierter Wertverlust aus Devisenterminkontrakten	(17.551) USD (0,04)
Nicht realisierter Wertzuwachs aus Devisenterminkontrakten, netto	94.396 USD	0,21
Summe finanzieller Vermögenswerte, erfolgswirksam zum beizulegenden Zeitwert	44.118.344 USD 100,45
Summe finanzieller Verbindlichkeiten, erfolgswirksam zum beizulegenden Zeitwert	(17.551) USD (0,04)
% des Gesamt-
Analyse des Gesamtvermögens	vermögens
Übertragbare Wertpapiere, die an einer amtlichen Börse zur Notierung zugelassen wurden	96,53
Sonstige übertragbare Wertpapiere gemäß Vorschrift 68 (1) (a), (b) und (c)	1,11
Übertragbare Wertpapiere, die an einem anderen geregelten Markt gehandelt werden	0,45
Im Freiverkehr gehandelte derivative Finanzinstrumente (OTC-Derivate)	0,25
Sonstige Vermögenswerte	1,66
Summe Vermögenswerte	100,00

## Anlagenverzeichnis
31. Dezember 2021
HYPOTHEKENOBLIGATIONEN DER US-BEHÖRDEN (- %) (30. Juni 2021: 0,60 %)
MBS-ANLEIHEN (9,25 %) (30. Juni 2021: 10,31 %)
|  | Wert | % vom |
| --- | --- | --- |
| Kapitalbetrag	Kuponsatz | Fälligkeit | USD | Teilfonds |

CMBS-Anleihen (7,89 %)
1.647.227 USD Ally Auto Receivables Trust 2018-3 (Class A4)	3,12	17.07.2023	1.648.984 USD	0,16
1.824.159 Ameriquest Mortgage Securities Incorporated Asset Backed Pass-Through
Certificates Series 2004-R1 (Class M1)	0,90	25.02.2034	1.824.052	0,18
| 399.172 Ameriquest Mortgage Securities Incorporated Asset Backed Pass-Through Certificates Series 2005-R11 (Class M2) | 0,81 | 25.01.2036 | 399.031 | 0,04 |
| --- | --- | --- | --- | --- |
| 1.810.668 Asset-Backed Pass-Through Certificates Series 2004-R5 (Class M1) | 0,97 | 25.07.2034 | 1.810.668 | 0,18 |
| 5.150.000 Capital One Multi-Asset Execution Trust (Class A2) | 0,52 | 15.01.2025 | 5.154.067 | 0,50 |
| 690.554 CarMax Auto Owner Trust 2018-1 (Class A4) | 2,64 | 15.06.2023 | 692.585 | 0,07 |
| 284.670 Carmax Auto Owner Trust 2018-3 (Class A3) | 3,13 | 15.06.2023 | 285.421 | 0,03 |
| 454.253 Carmax Auto Owner Trust 2018-4 (Class A3) | 3,36 | 15.09.2023 | 457.411 | 0,04 |
| 91.537 Carrington Mortgage Loan Trust Series 2006-RFC1 (Class A4) | 0,58 | 25.03.2036 | 91.329 | 0,01 |
| 1.000.466 C-BASS Mortgage Loan Asset-Backed Certificates Series 2005-CB7 (Class M1) | 0,71 | 25.11.2035 | 997.405 | 0,10 |
| 803.608 Centex Home Equity Loan Trust 2005-A (Class M1) | 0,82 | 25.01.2035 | 804.083 | 0,08 |
| 3.000.000 Citibank Credit Card Issuance Trust (Class A7) | 0,47 | 08.08.2024 | 3.005.323 | 0,28 |
| 1.126.318 Citigroup Mortgage Loan Trust Incorporated (Class M4) | 0,85 | 25.01.2036 | 1.126.247 | 0,11 |
| 16.634 Countrywide Asset-Backed Certificates (Class M3) | 0,85 | 25.01.2036 | 16.634 | - |
| 152.969 CWABS Asset-Backed Certificates Trust 2004-10 (Class MV3) | 1,22 | 25.12.2034 | 153.102 | 0,01 |
| 17.085 CWABS Asset-Backed Certificates Trust 2004-AB2 (Class M2) | 0,96 | 25.05.2036 | 17.085 | - |
| 379.231 Encore Credit Receivables Trust 2005-4 (Class M3) | 0,81 | 25.01.2036 | 379.280 | 0,04 |
| 99.131 EquiFirst Mortgage Loan Trust 2005-1 (Class M3) | 0,82 | 25.04.2035 | 99.099 | 0,01 |
| 171.102 First Franklin Mortgage Loan Trust 2004-FF7 (Class M1) | 0,97 | 25.09.2034 | 170.469 | 0,02 |
| 45.137 First Franklin Mortgage Loan Trust 2005-FF9 (Class A4) | 0,82 | 25.10.2035 | 45.118 | - |
| 707.248 First Franklin Mortgage Loan Trust 2006-FF3 (Class A2C) | 0,68 | 25.02.2036 | 707.204 | 0,07 |
| 80.691 First Franklin Mortgage Loan Trust Series 2005-FF12 (Class M1) | 0,78 | 25.11.2036 | 80.564 | 0,01 |
| 4.950.000 Ford Credit Auto Owner Trust 2018-REV2 (Class A) | 3,47 | 15.01.2030 | 5.143.373 | 0,50 |
| 220.738 GM Financial Consumer Automobile Receivables Trust 2018-3 (Class A3) | 3,02 | 16.05.2023 | 221.232 | 0,02 |
| 4.377.000 GM Financial Consumer Automobile Receivables Trust 2018-3 (Class A4) | 3,16 | 16.01.2024 | 4.418.168 | 0,43 |
| 694.075 GM Financial Consumer Automobile Receivables Trust 2018-4 (Class A3) | 3,21 | 16.10.2023 | 697.921 | 0,07 |
| 4.750.000 Golden Credit Card Trust (Class A)	3,44 | 15.08.2025 | 4.944.230 | 0,48 |
| 188.647 GSAA Home Equity Trust 2005-8 (Class A3)	0,96 | 25.06.2035 | 188.647 | 0,02 |
| 5.044.613 GSAA Trust (Class 2A4) | 0,72 | 25.12.2035 | 5.062.169 | 0,48 |
| 594.562 Home Equity Asset Trust 2005-6 (Class M3) | 0,88 | 25.12.2035 | 594.844 | 0,06 |
| 347.748 Home Equity Asset Trust 2006-1 (Class M2) | 0,79 | 25.04.2036 | 347.506 | 0,03 |
| 1.852.597 HSI Asset Securitization Corporation Trust 2006-OPT2 (Class M2) | 0,69 | 25.01.2036 | 1.852.359 | 0,18 |
| 761.574 HSI Asset Securitization Corporation Trust 2007-WF1 (Class 1A1) | 0,26 | 25.05.2037 | 756.055 | 0,07 |
| 60.124 HSI Asset Securitization Corporation Trust 2007-WF1 (Class 2A4) | 0,35 | 25.05.2037 | 59.906 | 0,01 |
| 2.015.000 Hyundai Auto Receivables Trust 2018-A (Class B) | 3,14 | 17.06.2024 | 2.027.048 | 0,20 |
| 1.165.448 JP Morgan Mortgage Acquisition Trust 2006-CH1 (Class M2) | 0,39 | 25.07.2036 | 1.163.268 | 0,11 |
| 784.127 JP Morgan Mortgage Acquisition Trust 2006-CH2 (Class AV5) | 0,31 | 25.10.2036 | 780.622 | 0,08 |
| 452.728 JP Morgan Mortgage Acquisition Trust 2007-CH2 (Class MV1) | 0,38 | 25.01.2037 | 451.681 | 0,04 |
| 27.538 Mastr Asset-Backed Securities Trust 2006-Fre1 (Class A4) | 0,68 | 25.12.2035 | 27.205 | - |
| 2.474.303 Morgan Stanley ABS Capital I Incorporated Trust 2006-NC1 (Class M1) | 0,67 | 25.12.2035 | 2.473.881 | 0,24 |
| 343.748 Morgan Stanley Capital I Incorporated Trust 2006-HE1 (Class A4) | 0,68 | 25.01.2036 | 339.898 | 0,03 |
| 2.137.172 New Century Home Equity Loan Trust 2005-2 (Class M3) | 0,84 | 25.06.2035 | 2.135.035 | 0,21 |
| 1.094.929 Nissan Auto Receivables 2018-A Owner Trust (Class A4) | 2,89 | 17.06.2024 | 1.100.193 | 0,11 |
| 608.121 Park Place Securities Incorporated Asset-Backed Pass-Through Certificates Series 2004-MHQ (Class M3) | 1,38 | 25.12.2034 | 608.675 | 0,05 |
| 833.676 RAMP Series 2005-EFC5 Trust (Class M3) | 0,79 | 25.10.2035 | 826.697 | 0,08 |
| 195.830 RASC Series 2004-KS10 Trust (Class M1) | 1,00 | 25.11.2034 | 195.869 | 0,02 |
| 1.697.423 RASC Series 2005-KS1 Trust (Class M2) | 1,23 | 25.02.2035 | 1.684.024 | 0,16 |
| 206.453 RASC Series 2006-KS6 Trust (Class A4) | 0,35 | 25.08.2036 | 205.279 | 0,02 |
| 396.637 RASC Series 2006-KS7 Trust (Class A4) | 0,34 | 25.09.2036 | 395.379 | 0,04 |
| 575.000 Santander Consumer Auto Receivables Trust 2020-B (Class A4) | 0,54 | 15.04.2025 | 574.526 | 0,06 |
| 3.605.322 Santander Retail Auto Lease Trust 2020-B (Class A2) | 0,42 | 20.11.2023 | 3.601.945 | 0,35 |
| 284.349 Securitized Asset Backed Receivables LLC Trust 2006-CB1 (Class AV1) | 0,58 | 25.01.2036 | 282.843 | 0,03 |
| 1.696.414 Soundview Home Loan Trust 2005-OPT3 (Class M1) | 0,81 | 25.11.2035 | 1.695.620 | 0,16 |


## 31. Dezember 2021
MBS-ANLEIHEN (9,25 %) (30. Juni 2021: 10,31 %) 
Forts.
| Kapitalbetrag	Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- |
| CMBS-Anleihen (7,89 %)  Forts. 1.100.839 USD Soundview Home Loan Trust 2006-OPT1 (Class 2A4) | 0,64 | 25.03.2036 | 1.099.769 USD | 0,11 |
| 20.154 Structured Asset Investment Loan Trust 2005-1 (Class M2) | 0,82 | 25.02.2035 | 20.136 | - |
| 613.648 Structured Asset Investment Loan Trust 2005-HE3 (Class M1) | 0,82 | 25.09.2035 | 612.562 | 0,06 |
| 133.014 Structured Asset Securities Corporation 2005-WF1 (Class M1) | 0,76 | 25.02.2035 | 133.012 | 0,01 |
| 2.100.000 Structured Asset Securities Corporation Mortgage Loan Trust 2005-NC2 (Class M5) | 1,03 | 25.05.2035 | 2.101.446 | 0,20 |
| 121.192 Structured Asset Securities Corporation Mortgage Loan Trust 2006-WF1 (Class M4) | 0,75 | 25.02.2036 | 121.372 | 0,01 |
| 858.679 Structured Asset Securities Corporation Mortgage Loan Trust 2006-WF3 (Class M1) | 0,35 | 25.09.2036 | 856.466 | 0,08 |
| 975.085 Towd Point Mortgage Trust 2017-3 (Class A1) | 2,75 | 25.07.2057 | 985.314 | 0,10 |
| 505.406 Towd Point Mortgage Trust 2018-1 (Class A1) | 3,00 | 25.01.2058 | 511.784 | 0,05 |
| 186.928 Toyota Auto Receivables 2018-C Owner Trust (Class A3) | 3,02 | 15.12.2022 | 187.145 | 0,02 |
| 650.000 Toyota Auto Receivables 2018-C Owner Trust (Class A4) | 3,13 | 15.02.2024 | 657.224 | 0,06 |
| 2.800.000 Toyota Auto Receivables 2018-D Owner Trust (Class A4) | 3,30 | 15.02.2024 | 2.847.805 | 0,28 |
| 1.100.000 Toyota Auto Receivables 2021-C Owner Trust (Class A2) | 0,20 | 15.05.2024 | 1.097.735 | 0,11 |
| 85.604 Wells Fargo Home Equity Asset-Backed Securities 2005-2 Trust (Class M6) | 1,11 | 25.11.2035 | 85.586 | 0,01 |
| 13.587 World Omni Auto Receivables Trust 2018-A (Class A3) | 2,50 | 17.04.2023 | 13.593 | - |
| 195.720 World Omni Auto Receivables Trust 2018-C (Class A3) | 3,13 | 15.11.2023 | 196.750 | 0,02 |
| 2.200.000 World Omni Auto Receivables Trust 2018-C (Class A4) | 3,27 | 16.09.2024 | 2.235.564 | 0,22 |
| 2.725.000 World Omni Auto Receivables Trust 2018-D (Class A4) | 3,44 | 16.12.2024 | 2.801.627 | 0,27 |
|  |  |  | 81.386.149 | 7,89 |
| RMBS-Anleihen (nicht von Behörden) (1,36 %) |  |  |  |  |
| 199.675 Angel Oak Mortgage Trust I LLC 2018-3 (Class A1) | 3,65 | 25.09.2048 | 199.588 | 0,02 |
| 1.185.054 Angel Oak Mortgage Trust I LLC 2019-4 (Class A1) | 2,99 | 26.07.2049 | 1.185.291 | 0,11 |
| 195.464 Bellemeade Re 2018-1 Limited (Class M1B) | 1,70 | 25.04.2028 | 196.142 | 0,02 |
| 177.853 COLT 2020-1R Mortgage Loan Trust (Class A1) | 1,26 | 25.09.2065 | 177.194 | 0,02 |
| 19.235 Fannie Mae Connecticut Avenue Securities (Class 1M2A) | 4,35 | 25.01.2029 | 19.308 | - |
| 213.630 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 3,00 | 25.07.2024 | 216.899 | 0,02 |
| 64.576 Fannie Mae Connecticut Avenue Securities (Class 2M2) | 2,70 | 25.05.2024 | 65.584 | 0,01 |
| 1.444.307 Freddie Mac Structured Agency Credit Risk Debt Notes (Class M2AR) | 0,85 | 25.03.2030 | 1.437.903 | 0,14 |
| 708.848 Freddie Mac Structured Agency Credit Risk Debt Notes (Class M2AS) | 1,15 | 25.12.2029 | 708.722 | 0,07 |
| 186.492 Freddie Mac Structured Agency Credit Risk Debt Notes (Class M3) | 3,90 | 25.03.2029 | 192.253 | 0,02 |
| 17.835 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class M1) | 0,85 | 25.10.2048 | 17.835 | - |
| 11.109 Freddie Mac Structured Agency Credit Risk Debt Notes Trust (Class M1) | 0,90 | 25.12.2030 | 11.109 | - |
| 2.895.393 FWD Securitization Trust 2019-INV1 (Class A1) | 2,81 | 25.06.2049 | 2.927.880 | 0,28 |
| 530.617 FWD Securitization Trust 2020-INV1 (Class A1) | 2,24 | 25.01.2050 | 534.597 | 0,05 |
| 145.008 Home Re 2018-1 Limited (Class M1) | 1,70 | 25.10.2028 | 145.008 | 0,01 |
| 129.630 HomeBanc Mortgage Trust 2005-4 (Class A1) | 0,64 | 25.10.2035 | 129.497 | 0,01 |
| 46.891 JP Morgan Resecuritization Trust Series 2014-1 (Class 7A1) | 3,00 | 26.06.2035 | 46.889 | - |
| 801.088 Merrill Lynch Mortgage Investors Trust Series 2005-A8 (Class A2A) | 0,64 | 25.08.2036 | 800.180 | 0,08 |
| 1.820.965 New Residential Mortgage Loan Trust 2018-4 (Class A1S) | 0,85 | 25.01.2048 | 1.818.568 | 0,18 |
| 826.239 OBX 2020-EXP2 Trust (Class A3) | 2,50 | 25.05.2060 | 828.335 | 0,08 |
| 590 STACR Trust 2018-DNA3 (Class M1) | 0,85 | 25.09.2048 | 590 | - |
| 399.549 STACR Trust 2018-HRP2 (Class M2) | 1,35 | 25.02.2047 | 400.194 | 0,04 |
| 406.137 Verus Securitization Trust 2019-3 (Class A1) | 2,78 | 25.07.2059 | 407.513 | 0,04 |
| 1.219.244 Verus Securitization Trust 2019-INV3 (Class A1) | 2,69 | 25.11.2059 | 1.232.821 | 0,12 |
| 367.394 WaMu Mortgage Pass-Through Certificates Series 2005-AR11 Trust (Class A1A) | 0,74 | 25.08.2045 | 366.975 | 0,04 |
|  |  |  | 14.066.875 | 1,36 |
| Summe MBS-Anleihen |  |  | 95.453.024 USD | 9,25 |
| RÜCKKAUFVEREINBARUNGEN (0,76 %) (30. Juni 2021: - %) |  |  |  |  |
| Effektiv- Kapitalbetrag	zins | Fälligkeit | Wert USD | % vom Teilfonds |
| 7.809.000 USD Repurchase Agreement - Barclays Capital Incorporated* | 0,04 | 03.01.2022 | 7.809.000 USD | 0,76 |
| Summe Rückkaufvereinbarungen |  |  | 7.809.000 USD | 0,76 |

*Beteiligung an einer großvolumigen Rückkaufvereinbarung vom 31. Dezember 2021 über 25.000.000 USD mit Barclays Capital Incorporated, fällig am 3. Januar 2022 mit einem Fälligkeitswert von 7.809.026 USD bei einem Effektivzins von 0,040 % (besichert durch US-Treasuries (einschließlich Strips) mit einem Kupon von 3,375 % und dem 15. November 2048 als Fälligkeitstermin, die mit 25.500.000 USD bewertet sind).
| Anlagenverzeichnis Forts. 31. Dezember 2021 |  |  |  |  |
| --- | --- | --- | --- | --- |
| NICHT-US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (30,99 %) (30. Juni | 2021: 24,92 %) |  |  |  |
| Kapitalbetrag | Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| Bankwesen (28,18 %) |  |  |  |  |
| 820.000 USD Australia & New Zealand Banking Group Limited (Australia) | 0,65 | 21.11.2022 | 822.908 USD | 0,08 |
| 1.800.000 Banco Bilbao Vizcaya Argentaria SA (Spain) | 0,88 | 18.09.2023 | 1.792.759 | 0,17 |
| 3.096.000 Banco Santander SA (Spain) | 1,24 | 12.04.2023 | 3.127.951 | 0,30 |
| 1.800.000 Banco Santander SA (Spain) | 1,25 | 23.02.2023 | 1.815.324 | 0,18 |
| 3.450.000 Banco Santander SA (Spain) | 1,68 | 11.04.2022 | 3.460.985 | 0,34 |
| 1.480.000 Banco Santander SA (Spain) | 3,50 | 11.04.2022 | 1.491.274 | 0,14 |
| 2.305.000 Bank of Montreal (Canada) | 0,37 | 09.07.2024 | 2.302.081 | 0,22 |
| 1.962.000 Bank of Montreal (Canada) | 0,32 | 14.04.2023 | 1.960.305 | 0,19 |
| 4.534.000 Bank of Montreal (Canada) | 0,79 | 26.03.2022 | 4.538.505 | 0,44 |
| 3.300.000 Bank of Nova Scotia (Canada) | 0,43 | 31.07.2024 | 3.299.967 | 0,32 |
| 1.000.000 Bank of Nova Scotia (Canada) | 0,49 | 15.04.2024 | 1.002.230 | 0,10 |
| 2.070.000 Bank of Nova Scotia (Canada) | 0,31 | 15.09.2023 | 2.067.293 | 0,20 |
| 4.300.000 Bank of Nova Scotia (Canada) | 0,33 | 23.06.2023 | 4.298.277 | 0,42 |
| 2.077.000 Bank of Nova Scotia (Canada) | 1,63 | 01.05.2023 | 2.100.339 | 0,20 |
| 4.625.000 Banque Federative du Credit Mutuel SA (France) | 0,46 | 04.02.2025 | 4.622.734 | 0,45 |
| 2.808.000 Banque Federative du Credit Mutuel SA (France) | 0,65 | 27.02.2024 | 2.773.176 | 0,27 |
| 760.000 Banque Federative du Credit Mutuel SA (France) | 1,09 | 20.07.2023 | 768.976 | 0,07 |
| 1.445.000 Banque Federative du Credit Mutuel SA (France) | 2,13 | 21.11.2022 | 1.465.044 | 0,14 |
| 1.119.000 Barclays PLC (United Kingdom) | 1,54 | 16.05.2024 | 1.132.920 | 0,11 |
| 1.000.000 Barclays PLC (United Kingdom) | 1,59 | 15.02.2023 | 1.001.174 | 0,10 |
| 3.854.000 Barclays PLC (United Kingdom) | 4,61 | 15.02.2023 | 3.870.483 | 0,38 |
| 6.362.000 Barclays PLC (United Kingdom) | 1,75 | 10.01.2023 | 6.363.364 | 0,62 |
| 8.398.000 BNP Paribas SA (France) | 2,95 | 23.05.2022 | 8.479.314 | 0,81 |
| 4.220.000 BPCE SA (France) | 1,44 | 12.09.2023 | 4.277.347 | 0,41 |
| 500.000 BPCE SA (France) | 1,05 | 31.05.2022 | 501.305 | 0,05 |
| 2.165.000 BPCE SA (France) | 1,38 | 22.05.2022 | 2.173.678 | 0,21 |
| 1.600.000 BPCE SA (France) | 0,43 | 14.01.2022 | 1.600.086 | 0,16 |
| 2.604.000 Canadian Imperial Bank of Commerce (Canada) | 0,47 | 18.10.2024 | 2.596.653 | 0,25 |
| 778.000 Canadian Imperial Bank of Commerce (Canada) | 0,86 | 13.09.2023 | 783.875 | 0,08 |
| 2.545.000 Canadian Imperial Bank of Commerce (Canada) | 0,39 | 22.06.2023 | 2.545.752 | 0,25 |
| 6.306.000 Canadian Imperial Bank of Commerce (Canada) | 0,85 | 17.03.2023 | 6.338.450 | 0,61 |
| 410.000 Canadian Imperial Bank of Commerce (Canada) | 0,93 | 16.06.2022 | 411.181 | 0,04 |
| 4.000.000 Cooperatieve Rabobank UA (Netherlands) | 0,35 | 12.01.2024 | 3.997.305 | 0,39 |
| 4.092.000 Cooperatieve Rabobank UA (Netherlands) | 1,08 | 26.09.2023 | 4.124.517 | 0,40 |
| 2.354.000 Cooperatieve Rabobank UA (Netherlands) | 0,95 | 10.01.2022 | 2.354.298 | 0,23 |
| 6.112.000 Credit Agricole SA (France) | 1,14 | 24.04.2023 | 6.176.787 | 0,60 |
| 825.000 Credit Agricole SA (France) | 1,55 | 10.01.2022 | 825.146 | 0,08 |
| 1.500.000 Credit Suisse AG (Switzerland) | 0,44 | 02.02.2024 | 1.496.826 | 0,15 |
| 1.655.000 Credit Suisse AG (Switzerland) | 0,43 | 09.08.2023 | 1.654.998 | 0,16 |
| 1.750.000 Credit Suisse AG (Switzerland) | 0,30 | 19.07.2022 | 1.750.477 | 0,17 |
| 6.863.000 Credit Suisse Group AG (Switzerland) | 1,44 | 12.06.2024 | 6.936.571 | 0,67 |
| 1.342.000 Credit Suisse Group Funding Guernsey Limited (Guernsey) | 3,80 | 15.09.2022 | 1.370.957 | 0,13 |
| 3.252.000 Danske Bank A/S (Denmark) | 5,00 | 12.01.2022 | 3.254.881 | 0,32 |
| 2.268.000 Deutsche Bank AG (Germany) | 0,55 | 08.11.2023 | 2.265.602 | 0,22 |
| 2.324.000 Deutsche Bank AG (Germany) | 1,41 | 27.02.2023 | 2.335.835 | 0,23 |
| 1.100.000 Deutsche Bank AG (Germany) | 3,30 | 16.11.2022 | 1.122.793 | 0,11 |
| 3.275.000 DNB Bank ASA (Norway) | 0,79 | 02.12.2022 | 3.288.000 | 0,32 |
| 3.010.000 Federation des Caisses Desjardins du Quebec (Canada) | 0,48 | 21.05.2024 | 3.013.469 | 0,29 |
| 858.000 HSBC Holdings PLC (United Kingdom) | 1,63 | 05.01.2022 | 858.031 | 0,08 |
| 6.534.000 ING Groep NV (Netherlands) | 1,21 | 02.10.2023 | 6.616.280 | 0,64 |
| 1.050.000 ING Groep NV (Netherlands) | 1,37 | 29.03.2022 | 1.052.455 | 0,10 |
| 1.522.000 ING Groep NV (Netherlands) | 3,15 | 29.03.2022 | 1.531.949 | 0,15 |
| 4.687.000 Intesa Sanpaolo SpA (Italy) | 3,13 | 14.07.2022 | 4.740.361 | 0,46 |
| 2.345.000 Lloyds Banking Group PLC (United Kingdom) | 0,70 | 11.05.2024 | 2.335.697 | 0,23 |


## 31. Dezember 2021
NICHT-US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (30,99 %) (30. Juni 2021: 24,92 %) 
Forts.
| Kapitalbetrag	Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- |
| Bankwesen (28,18 %)  Forts. 736.000 USD Lloyds Banking Group PLC (United Kingdom) | 2,91 | 07.11.2023 | 747.860 USD | 0,07 |
| 1.642.000 Lloyds Banking Group PLC (United Kingdom) | 1,33 | 15.06.2023 | 1.644.758 | 0,16 |
| 4.241.000 Lloyds Banking Group PLC (United Kingdom) | 2,86 | 17.03.2023 | 4.257.425 | 0,41 |
| 3.690.000 Macquarie Group Limited (Australia) | 1,57 | 27.03.2024 | 3.729.686 | 0,36 |
| 4.393.000 Macquarie Group Limited (Australia) | 1,20 | 28.11.2023 | 4.421.106 | 0,43 |
| 2.798.000 Mitsubishi UFJ Financial Group Incorporated (Japan) | 0,98 | 26.07.2023 | 2.822.274 | 0,27 |
| 3.669.000 Mitsubishi UFJ Financial Group Incorporated (Japan) | 0,91 | 02.03.2023 | 3.687.397 | 0,36 |
| 628.000 Mitsubishi UFJ Financial Group Incorporated (Japan) | 0,91 | 25.07.2022 | 630.474 | 0,06 |
| 1.313.000 Mitsubishi UFJ Financial Group Incorporated (Japan) | 1,08 | 22.02.2022 | 1.314.280 | 0,13 |
| 200.000 Mizuho Financial Group Incorporated (Japan) | 1,11 | 10.07.2024 | 201.715 | 0,02 |
| 760.000 Mizuho Financial Group Incorporated (Japan) | 0,81 | 25.05.2024 | 763.321 | 0,07 |
| 1.023.000 Mizuho Financial Group Incorporated (Japan) | 0,97 | 05.03.2023 | 1.029.325 | 0,10 |
| 6.470.000 Mizuho Financial Group Incorporated (Japan) | 1,08 | 11.09.2022 | 6.499.924 | 0,63 |
| 3.408.000 Mizuho Financial Group Incorporated (Japan) | 1,12 | 28.02.2022 | 3.412.341 | 0,33 |
| 3.350.000 National Australia Bank Limited (Australia) | 0,61 | 13.12.2022 | 3.359.720 | 0,33 |
| 3.500.000 National Bank of Canada (Canada) | 0,54 | 06.08.2024 | 3.507.289 | 0,34 |
| 2.750.000 National Bank of Canada (Canada) | 0,90 | 15.08.2023 | 2.752.042 | 0,27 |
| 3.733.000 NatWest Group PLC (United Kingdom) | 1,77 | 25.06.2024 | 3.791.810 | 0,37 |
| 5.045.000 NatWest Group PLC (United Kingdom) | 1,63 | 15.05.2023 | 5.066.391 | 0,49 |
| 3.455.000 NatWest Group PLC (United Kingdom) | 3,50 | 15.05.2023 | 3.485.190 | 0,34 |
| 2.015.000 Nordea Bank Abp (Finland) | 1,12 | 30.08.2023 | 2.036.419 | 0,20 |
| 4.075.000 Royal Bank of Canada (Canada) | 0,39 | 07.10.2024 | 4.075.001 | 0,39 |
| 2.500.000 Royal Bank of Canada (Canada) | 0,41 | 29.07.2024 | 2.501.300 | 0,24 |
| 3.272.000 Royal Bank of Canada (Canada) | 0,50 | 26.10.2023 | 3.282.780 | 0,32 |
| 2.950.000 Royal Bank of Canada (Canada) | 0,48 | 17.01.2023 | 2.956.211 | 0,29 |
| 2.200.000 Royal Bank of Canada (Canada) | 0,45 | 05.08.2022 | 2.202.015 | 0,21 |
| 3.043.000 Skandinaviska Enskilda Banken AB (Sweden) | 0,49 | 01.09.2023 | 3.046.440 | 0,30 |
| 3.692.000 Skandinaviska Enskilda Banken AB (Sweden) | 0,55 | 01.09.2023 | 3.669.313 | 0,36 |
| 2.100.000 Skandinaviska Enskilda Banken AB (Sweden) | 0,85 | 12.12.2022 | 2.110.153 | 0,20 |
| 2.003.000 Sumitomo Mitsui Financial Group Incorporated (Japan) | 0,92 | 16.10.2023 | 2.021.394 | 0,20 |
| 1.000.000 Sumitomo Mitsui Financial Group Incorporated (Japan) | 2,78 | 18.10.2022 | 1.017.221 | 0,10 |
| 2.998.000 Sumitomo Mitsui Financial Group Incorporated (Japan) | 0,90 | 12.07.2022 | 3.007.714 | 0,29 |
| 2.080.000 Sumitomo Mitsui Financial Group Incorporated (Japan) | 1,09 | 11.01.2022 | 2.080.437 | 0,20 |
| 2.565.000 Sumitomo Mitsui Trust Bank Limited (Japan) | 0,49 | 16.09.2024 | 2.562.897 | 0,25 |
| 4.343.000 Sumitomo Mitsui Trust Bank Limited (Japan) | 0,80 | 12.09.2023 | 4.327.483 | 0,42 |
| 672.000 Swedbank AB (Sweden) | 0,60 | 25.09.2023 | 668.087 | 0,06 |
| 1.300.000 Swedbank AB (Sweden) | 1,30 | 02.06.2023 | 1.307.315 | 0,13 |
| 1.390.000 Swedbank AB (Sweden) | 0,90 | 14.03.2022 | 1.391.529 | 0,13 |
| 3.180.000 Toronto-Dominion Bank (Canada) | 0,40 | 10.09.2024 | 3.182.576 | 0,31 |
| 1.474.000 Toronto-Dominion Bank (Canada) | 0,45 | 11.09.2023 | 1.464.940 | 0,14 |
| 2.705.000 Toronto-Dominion Bank (Canada) | 0,53 | 27.01.2023 | 2.712.336 | 0,26 |
| 3.000.000 Toronto-Dominion Bank (Canada) | 0,48 | 22.07.2022 | 2.989.230 | 0,29 |
| 2.500.000 UBS AG (Switzerland) | 0,41 | 09.02.2024 | 2.496.193 | 0,24 |
| 390.000 UBS AG (Switzerland) | 1,75 | 21.04.2022 | 391.226 | 0,04 |
| 4.870.000 UBS Group AG (Switzerland) | 1,11 | 15.08.2023 | 4.891.322 | 0,46 |
| 3.070.000 UBS Group AG (Switzerland) | 2,86 | 15.08.2023 | 3.105.127 | 0,30 |
| 1.122.000 UBS Group AG (Switzerland) | 1,38 | 23.05.2023 | 1.126.520 | 0,11 |
| 1.420.000 UBS Group AG (Switzerland) | 1,66 | 01.02.2022 | 1.421.370 | 0,14 |
| 5.070.000 UniCredit SpA (Italy) | 3,75 | 12.04.2022 | 5.108.334 | 0,50 |
| 400.000 UniCredit SpA (Italy) | 4,03 | 14.01.2022 | 400.333 | 0,04 |
| 5.615.000 UniCredit SpA (Italy) | 6,57 | 14.01.2022 | 5.623.141 | 0,54 |
| 1.438.000 Westpac Banking Corporation (Australia) | 0,35 | 18.11.2024 | 1.436.976 | 0,14 |
| 2.700.000 Westpac Banking Corporation (Australia) | 0,51 | 13.01.2023 | 2.710.282 | 0,26 |
| 1.440.000 Westpac Banking Corporation (Australia) | 0,97 | 11.01.2022 | 1.439.948 | 0,14 |
|  |  |  | 290.776.836 | 28,18 |

| Anlagenverzeichnis Forts. 31. Dezember 2021 NICHT-US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (30,99 %) (30. Juni | 2021: 24,92 %)  Forts. |  |
| --- | --- | --- |
| Kapitalbetrag | Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| Chemie (0,16 %) |  |  |  |  |
| 1.615.000 USD Nutrien Limited (Canada) | 1,90 | 13.05.2023 | 1.635.630 USD | 0,16 |
|  |  |  | 1.635.630 | 0,16 |
| Diversifizierte Finanzdienstleistungen (0,48 %) |  |  |  |  |
| 3.735.000 AerCap Ireland Capital DAC (Ireland) | 0,73 | 29.09.2023 | 3.735.659 | 0,36 |
| 1.196.000 AerCap Ireland Capital DAC (Ireland) | 4,63 | 01.07.2022 | 1.219.324 | 0,12 |
|  |  |  | 4.954.983 | 0,48 |
| Lebensmittel (0,21 %) |  |  |  |  |
| 2.100.000 Mondelez International Holdings Netherlands BV (Netherlands)	2,13 | 19.09.2022 | 2.122.028 | 0,21 |
|  |  | 2.122.028 | 0,21 |
| Bergbau (0,03 %) |  |  |  |  |
| 300.000 Glencore Finance Canada Limited (Canada)	4,25 | 25.10.2022 | 307.890 | 0,03 |
|  |  | 307.890 | 0,03 |
| Sonstige Fertigungsunternehmen (0,57 %) |  |  |  |  |
| 2.800.000 Siemens Financieringsmaatschappij NV (Netherlands) | 0,48 | 11.03.2024 | 2.807.104 | 0,27 |
| 3.050.000 Siemens Financieringsmaatschappij NV (Netherlands) | 0,82 | 16.03.2022 | 3.052.773 | 0,30 |
|  |  |  | 5.859.877 | 0,57 |
| Öl- und Erdgasversorgungsbetriebe (0,22 %) |  |  |  |  |
| 2.140.000 TotalEnergies Capital International SA (France)	3,75 | 10.04.2024 | 2.271.042 | 0,22 |
|  |  | 2.271.042 | 0,22 |
| Pharma (0,27 %) |  |  |  |  |
| 2.740.000 AstraZeneca PLC (United Kingdom)	0,82 | 17.08.2023 | 2.758.158 | 0,27 |
|  |  | 2.758.158 | 0,27 |
| Pipelines (0,35 %) |  |  |  |  |
| 659.000 Enbridge Incorporated (Canada) | 0,55 | 04.10.2023 | 653.874 | 0,06 |
| 1.380.000 Enbridge Incorporated (Canada) | 0,45 | 17.02.2023 | 1.379.057 | 0,13 |
| 1.630.000 TransCanada PipeLines Limited (Canada) | 1,00 | 12.10.2024 | 1.615.627 | 0,16 |
|  |  |  | 3.648.558 | 0,35 |
| Sparkassen (0,52 %) |  |  |  |  |
| 5.357.000 Nationwide Building Society (United Kingdom) | 3,62 | 26.04.2023 | 5.400.577 | 0,52 |
|  |  |  | 5.400.577 | 0,52 |
| Summe Nicht-US-Unternehmensanleihen und -Schuldverschreibungen |  |  | 319.735.579 USD | 30,99 |
| US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (32,92 %) (30. Juni 2021: 29,55 %) |  |  |  |  |
| Kapitalbetrag | Kup | onsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| Luft- und Raumfahrt und Verteidigung (0,59 %) 6.108.000 USD L3Harris Technologies Incorporated	0,95 | 10.03.2023 | 6.134.879 USD | 0,59 |
|  |  | 6.134.879 | 0,59 |
| Automobile (2,90 %) |  |  |  |  |
| 1.561.000 American Honda Finance Corporation | 0,61 | 08.09.2023 | 1.564.877 | 0,15 |
| 5.738.000 American Honda Finance Corporation | 0,52 | 10.05.2023 | 5.747.278 | 0,55 |
| 2.600.000 BMW US Capital LLC | 0,43 | 12.08.2024 | 2.606.838 | 0,25 |
| 800.000 BMW US Capital LLC | 0,58 | 01.04.2024 | 805.112 | 0,08 |
| 685.000 Daimler Finance North America LLC | 0,99 | 04.05.2023 | 690.425 | 0,07 |
| 1.000.000 Daimler Finance North America LLC | 1,06 | 15.02.2022 | 1.000.875 | 0,10 |
| 1.611.000 Daimler Trucks Finance North America LLC | 0,80 | 13.12.2024 | 1.612.144 | 0,16 |
| 1.933.000 Daimler Trucks Finance North America LLC | 0,65 | 14.12.2023 | 1.934.411 | 0,19 |
| 2.577.000 Daimler Trucks Finance North America LLC | 0,55 | 14.06.2023 | 2.580.015 | 0,25 |
| 500.000 Hyundai Capital America | 3,95 | 01.02.2022 | 501.181 | 0,05 |


## 31. Dezember 2021
US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (32,92 %) (30. Juni 2021: 29,55 %) 
Forts.
| Kapitalbetrag	Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- |
| Automobile (2,90 %)  Forts. 2.390.000 USD Toyota Motor Credit Corporation | 0,34 | 13.09.2024 | 2.382.876 USD | 0,23 |
| 4.400.000 Toyota Motor Credit Corporation | 0,38 | 11.01.2024 | 4.398.472 | 0,42 |
| 2.300.000 Toyota Motor Credit Corporation | 0,37 | 06.04.2023 | 2.299.128 | 0,22 |
| 1.500.000 Toyota Motor Credit Corporation | 0,39 | 14.10.2022 | 1.501.175 | 0,15 |
| 300.000 Volkswagen Group of America Finance LLC | 2,90 | 13.05.2022 | 302.450 | 0,03 |
|  |  |  | 29.927.257 | 2,90 |
| Bankwesen (12,07 %) 4.000.000 Bank of America Corporation | 0,59 | 28.05.2024 | 4.000.020 | 0,39 |
| 7.348.000 Bank of America Corporation | 0,97 | 05.03.2024 | 7.384.920 | 0,72 |
| 1.050.000 Bank of America Corporation | 3,00 | 20.12.2023 | 1.071.703 | 0,10 |
| 2.185.000 Bank of America Corporation | 1,29 | 20.01.2023 | 2.182.285 | 0,21 |
| 2.277.000 Bank of New York Mellon Corporation | 0,25 | 25.10.2024 | 2.269.257 | 0,22 |
| 815.000 Capital One NA | 1,28 | 30.01.2023 | 815.500 | 0,08 |
| 800.000 Capital One NA | 0,96 | 08.08.2022 | 802.177 | 0,08 |
| 2.945.000 Citigroup Incorporated | 0,72 | 01.05.2025 | 2.969.915 | 0,29 |
| 3.705.000 Citigroup Incorporated | 1,19 | 01.06.2024 | 3.743.680 | 0,36 |
| 4.296.000 Citigroup Incorporated | 1,60 | 01.09.2023 | 4.328.138 | 0,42 |
| 850.000 Citigroup Incorporated | 1,08 | 25.04.2022 | 851.464 | 0,08 |
| 2.107.000 Citizens Bank NA | 1,17 | 29.03.2023 | 2.125.991 | 0,21 |
| 1.025.000 Citizens Bank NA | 0,99 | 26.05.2022 | 1.028.219 | 0,10 |
| 3.000.000 Citizens Bank NA | 0,88 | 14.02.2022 | 3.000.385 | 0,29 |
| 1.300.000 Goldman Sachs Group Incorporated | 0,54 | 21.10.2024 | 1.295.623 | 0,13 |
| 2.815.000 Goldman Sachs Group Incorporated | 0,55 | 10.09.2024 | 2.811.205 | 0,27 |
| 4.146.000 Goldman Sachs Group Incorporated | 0,63 | 08.03.2024 | 4.145.917 | 0,40 |
| 800.000 Goldman Sachs Group Incorporated | 0,59 | 17.11.2023 | 800.072 | 0,08 |
| 600.000 Goldman Sachs Group Incorporated | 0,63 | 17.11.2023 | 598.445 | 0,06 |
| 1.281.000 Goldman Sachs Group Incorporated | 1,23 | 05.06.2023 | 1.284.453 | 0,12 |
| 3.022.000 Goldman Sachs Group Incorporated | 0,91 | 23.02.2023 | 3.034.608 | 0,29 |
| 480.000 Goldman Sachs Group Incorporated | 0,48 | 27.01.2023 | 478.139 | 0,05 |
| 560.000 Huntington Bancshares Incorporated | 4,35 | 04.02.2023 | 579.477 | 0,06 |
| 1.120.000 JPMorgan Chase & Company | 1,01 | 23.07.2024 | 1.130.258 | 0,11 |
| 5.397.000 JPMorgan Chase & Company | 0,85 | 23.04.2024 | 5.421.551 | 0,53 |
| 1.006.000 JPMorgan Chase & Company | 0,63 | 16.03.2024 | 1.007.901 | 0,10 |
| 6.688.000 JPMorgan Chase & Company | 1,35 | 24.10.2023 | 6.728.055 | 0,65 |
| 271.000 JPMorgan Chase & Company | 1,02 | 25.04.2023 | 271.600 | 0,03 |
| 2.460.000 KeyBank NA | 0,37 | 14.06.2024 | 2.458.777 | 0,24 |
| 3.250.000 KeyBank NA | 0,39 | 03.01.2024 | 3.246.708 | 0,31 |
| 1.750.000 KeyBank NA | 0,42 | 03.01.2024 | 1.743.538 | 0,17 |
| 2.950.000 KeyBank NA | 0,79 | 01.02.2022 | 2.951.297 | 0,29 |
| 4.326.000 Morgan Stanley | 1,36 | 08.05.2024 | 4.378.864 | 0,42 |
| 2.000.000 Morgan Stanley | 0,53 | 25.01.2024 | 1.993.125 | 0,19 |
| 1.500.000 Morgan Stanley | 0,56 | 10.11.2023 | 1.497.916 | 0,15 |
| 4.332.000 Morgan Stanley | 4,88 | 01.11.2022 | 4.478.034 | 0,42 |
| 3.935.000 PNC Bank NA | 0,49 | 24.02.2023 | 3.936.466 | 0,38 |
| 200.000 PNC Bank NA | 0,63 | 27.07.2022 | 200.356 | 0,02 |
| 2.505.000 PNC Bank NA | 2,88 | 29.06.2022 | 2.530.611 | 0,25 |
| 990.000 Synovus Bank | 2,29 | 10.02.2023 | 990.765 | 0,10 |
| 4.550.000 Truist Bank | 0,25 | 17.01.2024 | 4.532.055 | 0,43 |
| 1.110.000 Truist Bank | 0,78 | 09.03.2023 | 1.115.901 | 0,11 |
| 3.400.000 Truist Bank | 0,75 | 17.05.2022 | 3.405.126 | 0,33 |
| 2.315.000 Truist Financial Corporation | 0,86 | 01.04.2022 | 2.316.825 | 0,22 |
| 2.500.000 US Bank NA | 0,60 | 09.12.2022 | 2.504.348 | 0,24 |
| 5.250.000 US Bank NA | 0,60 | 23.05.2022 | 5.255.504 | 0,51 |

Anlagenverzeichnis Forts.

## 31. Dezember 2021
US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (32,92 %) (30. Juni 2021: 29,55 %) 
Forts.
| Kapitalbetrag	Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- |
| Bankwesen (12,07 %)  Forts. 5.226.000 USD Wells Fargo & Company | 1,36 | 31.10.2023 | 5.267.638 USD | 0,51 |
| 900.000 Wells Fargo & Company | 1,06 | 17.05.2023 | 902.759 | 0,09 |
| 2.647.000 Wells Fargo & Company | 1,23 | 24.01.2023 | 2.648.397 | 0,26 |
|  |  |  | 124.515.968 | 12,07 |
| Getränke (0,20 %) |  |  |  |  |
| 2.045.000 Keurig Dr Pepper Incorporated	0,75 | 15.03.2024 | 2.026.190 | 0,20 |
|  |  | 2.026.190 | 0,20 |
| Biotechnologie (0,20 %) |  |  |  |  |
| 2.049.000 Gilead Sciences Incorporated	0,75 | 29.09.2023 | 2.042.074 | 0,20 |
|  |  | 2.042.074 | 0,20 |
| Chemie (0,60 %) |  |  |  |  |
| 1.750.000 Celanese US Holdings LLC | 4,63 | 15.11.2022 | 1.806.161 | 0,18 |
| 2.318.000 International Flavors & Fragrances Incorporated | 0,70 | 15.09.2022 | 2.318.117 | 0,22 |
| 1.710.000 Sherwin-Williams Company | 3,13 | 01.06.2024 | 1.784.905 | 0,17 |
| 340.000 Westlake Chemical Corporation | 0,88 | 15.08.2024 | 334.845 | 0,03 |
|  |  |  | 6.244.028 | 0,60 |
| Diversifizierte Finanzdienstleistungen (3,58 %) |  |  |  |  |
| 3.000.000 AIG Global Funding | 0,43 | 15.12.2023 | 2.995.900 | 0,29 |
| 3.500.000 Air Lease Corporation | 0,55 | 15.12.2022 | 3.497.600 | 0,34 |
| 2.585.000 American Express Company | 0,28 | 03.11.2023 | 2.582.603 | 0,25 |
| 1.045.000 American Express Company | 0,89 | 03.08.2023 | 1.051.792 | 0,10 |
| 465.000 American Express Company | 0,83 | 27.02.2023 | 466.477 | 0,05 |
| 540.000 American Express Company | 0,74 | 01.08.2022 | 540.957 | 0,05 |
| 826.000 American Express Company | 2,50 | 01.08.2022 | 834.506 | 0,08 |
| 1.455.000 American Express Company | 0,78 | 20.05.2022 | 1.456.837 | 0,14 |
| 2.785.000 Capital One Financial Corporation | 0,74 | 06.12.2024 | 2.784.020 | 0,27 |
| 5.013.000 Capital One Financial Corporation | 0,85 | 30.01.2023 | 5.022.982 | 0,48 |
| 1.090.000 Capital One Financial Corporation | 1,15 | 09.03.2022 | 1.090.796 | 0,11 |
| 70.000 Capital One Financial Corporation | 3,05 | 09.03.2022 | 70.183 | 0,01 |
| 4.840.000 Charles Schwab Corporation | 0,55 | 18.03.2024 | 4.856.554 | 0,46 |
| 3.500.000 Discover Financial Services | 3,85 | 21.11.2022 | 3.592.200 | 0,35 |
| 1.375.000 Discover Financial Services | 5,20 | 27.04.2022 | 1.394.830 | 0,14 |
| 250.000 International Lease Finance Corporation | 5,88 | 15.08.2022 | 257.794 | 0,02 |
| 1.639.000 Nasdaq Incorporated | 0,45 | 21.12.2022 | 1.636.610 | 0,16 |
| 2.825.000 Synchrony Financial | 2,85 | 25.07.2022 | 2.853.784 | 0,28 |
|  |  |  | 36.986.425 | 3,58 |
| Stromversorgungsbetriebe (2,41 %) |  |  |  |  |
| 1.500.000 American Electric Power Company Incorporated | 0,61 | 01.11.2023 | 1.500.136 | 0,15 |
| 500.000 American Electric Power Company Incorporated | 0,75 | 01.11.2023 | 496.554 | 0,05 |
| 1.617.000 Dominion Energy Incorporated | 0,73 | 15.09.2023 | 1.615.556 | 0,16 |
| 1.371.000 Duke Energy Corporation | 0,30 | 10.06.2023 | 1.369.499 | 0,13 |
| 2.173.000 Duke Energy Corporation | 0,85 | 11.03.2022 | 2.174.972 | 0,21 |
| 1.400.000 Eversource Energy | 0,30 | 15.08.2023 | 1.398.812 | 0,14 |
| 1.543.000 Mississippi Power Company | 0,35 | 28.06.2024 | 1.537.261 | 0,15 |
| 3.224.000 NextEra Energy Capital Holdings Incorporated | 0,45 | 03.11.2023 | 3.224.387 | 0,30 |
| 1.300.000 NextEra Energy Capital Holdings Incorporated | 0,59 | 01.03.2023 | 1.301.965 | 0,13 |
| 6.000.000 NextEra Energy Capital Holdings Incorporated | 0,43 | 22.02.2023 | 5.989.866 | 0,57 |
| 235.000 PPL Electric Utilities Corporation | 0,38 | 24.06.2024 | 234.429 | 0,02 |
| 1.000.000 PPL Electric Utilities Corporation | 0,47 | 28.09.2023 | 997.447 | 0,10 |
| 1.953.000 Southern Company | 0,42 | 10.05.2023 | 1.948.466 | 0,19 |
| 1.111.000 Xcel Energy Incorporated	0,50 | 15.10.2023 | 1.103.511 | 0,11 |
|  |  | 24.892.861 | 2,41 |

| 31. Dezember 2021 |  |  |
| --- | --- | --- |
| US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (32,92 %) (30. Juni 2021: 29,55 | %)  Forts. |
| Kapitalbetrag | Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| Lebensmittel (0,53 %) |  |  |  |  |
| 1.000.000 USD Conagra Brands Incorporated | 0,50 | 11.08.2023 | 991.391 USD | 0,10 |
| 845.000 General Mills Incorporated | 1,13 | 17.10.2023 | 856.174 | 0,08 |
| 2.500.000 Mondelez International Incorporated | 0,63 | 01.07.2022 | 2.502.810 | 0,24 |
| 1.110.000 Nestle Holdings Incorporated	0,38 | 15.01.2024 | 1.096.554 | 0,11 |
|  |  | 5.446.929 | 0,53 |
| Forstprodukte und Papier (0,17 %) |  |  |  |  |
| 1.725.000 Georgia-Pacific LLC	0,63 | 15.05.2024 | 1.702.407 | 0,17 |
|  |  | 1.702.407 | 0,17 |
| Gas (0,13 %) |  |  |  |  |
| 1.300.000 Atmos Energy Corporation	0,58 | 09.03.2023 | 1.299.957 | 0,13 |
|  |  | 1.299.957 | 0,13 |
| Wohnungseinrichtungen (0.12 %) |  |  |  |  |
| 1.200.000 Whirlpool Corporation	4,70 | 01.06.2022 | 1.218.186 | 0,12 |
|  |  | 1.218.186 | 0,12 |
| Versicherungen (4,46 %) |  |  |  |  |
| 2.370.000 Athene Global Funding | 0,61 | 19.08.2024 | 2.369.346 | 0,23 |
| 3.250.000 Jackson National Life Global Funding | 0,65 | 06.01.2023 | 3.259.259 | 0,32 |
| 1.308.000 Jackson National Life Global Funding | 0,95 | 27.06.2022 | 1.312.140 | 0,13 |
| 340.000 Liberty Mutual Group Incorporated | 4,95 | 01.05.2022 | 343.858 | 0,03 |
| 1.884.000 MassMutual Global Funding II | 0,32 | 21.10.2024 | 1.880.816 | 0,18 |
| 5.220.000 MassMutual Global Funding II | 0,41 | 12.04.2024 | 5.237.905 | 0,51 |
| 560.000 MassMutual Global Funding II | 2,25 | 01.07.2022 | 565.205 | 0,05 |
| 1.000.000 Met Tower Global Funding | 0,60 | 17.01.2023 | 1.003.361 | 0,10 |
| 2.000.000 Met Tower Global Funding | 0,55 | 13.07.2022 | 2.000.872 | 0,19 |
| 150.000 Metropolitan Life Global Funding I | 0,35 | 27.09.2024 | 149.627 | 0,01 |
| 2.700.000 Metropolitan Life Global Funding I | 0,37 | 07.01.2024 | 2.697.035 | 0,26 |
| 600.000 Metropolitan Life Global Funding I | 2,40 | 17.06.2022 | 605.477 | 0,06 |
| 500.000 New York Life Global Funding | 0,41 | 21.10.2023 | 501.214 | 0,05 |
| 2.745.000 New York Life Global Funding | 0,27 | 02.02.2023 | 2.745.401 | 0,27 |
| 3.250.000 New York Life Global Funding | 0,40 | 10.01.2023 | 3.253.668 | 0,32 |
| 3.350.000 New York Life Global Funding | 0,72 | 10.06.2022 | 3.355.678 | 0,33 |
| 3.000.000 New York Life Global Funding | 0,41 | 21.01.2022 | 3.000.218 | 0,29 |
| 2.005.000 Northwestern Mutual Global Funding | 0,38 | 25.03.2024 | 2.003.356 | 0,19 |
| 2.945.000 Pacific Life Global Funding II | 0,43 | 12.04.2024 | 2.946.360 | 0,29 |
| 2.317.000 Pacific Life Global Funding II | 0,50 | 23.09.2023 | 2.301.525 | 0,22 |
| 1.385.000 Principal Life Global Funding II | 0,43 | 23.08.2024 | 1.383.524 | 0,13 |
| 2.000.000 Principal Life Global Funding II | 0,50 | 12.04.2024 | 2.000.458 | 0,19 |
| 1.149.000 Protective Life Global Funding | 0,63 | 13.10.2023 | 1.143.441 | 0,11 |
|  |  |  | 46.059.744 | 4,46 |
| Maschinen (0,27 %) |  |  |  |  |
| 2.805.000 Otis Worldwide Corporation	0,66 | 05.04.2023 | 2.805.077 | 0,27 |
|  |  | 2.805.077 | 0,27 |
| Maschinenbau und Bergbau (0,13 %) |  |  |  |  |
| 1.350.000 Caterpillar Financial Services Corporation	0,32 | 13.09.2024 | 1.352.930 | 0,13 |
|  |  | 1.352.930 | 0,13 |
| Medizintechnik (0,73 %) |  |  |  |  |
| 1.000.000 Stryker Corporation | 0,60 | 01.12.2023 | 994.562 | 0,10 |
| 975.000 Thermo Fisher Scientific Incorporated | 0,58 | 18.10.2024 | 975.676 | 0,09 |
| 2.274.000 Thermo Fisher Scientific Incorporated | 0,44 | 18.10.2023 | 2.271.537 | 0,22 |
| 3.249.000 Thermo Fisher Scientific Incorporated | 0,40 | 18.04.2023 | 3.244.772 | 0,32 |
|  |  |  | 7.486.547 | 0,73 |

| Anlagenverzeichnis Forts. 31. Dezember 2021 |  |  |  |  |
| --- | --- | --- | --- | --- |
| US-UNTERNEHMENSANLEIHEN UND -SCHULDVERSCHREIBUNGEN (32,92 %) (30. Juni 2021: 29,55 | %)  Forts. |  |  |  |
| Kapitalbetrag | Kuponsatz | Fälligkeit | Wert USD | % vom Teilfonds |
| Bergbau (0,03 %) |  |  |  |  |
| 300.000 USD Glencore Funding LLC | 3,00 | 27.10.2022 | 304.632 USD | 0,03 |
|  |  |  | 304.632 | 0,03 |
| Öl- und Erdgasversorgungsbetriebe (0,49 %) |  |  |  |  |
| 2.707.000 Chevron USA Incorporated | 0,35 | 11.08.2023 | 2.705.646 | 0,27 |
| 1.804.000 Chevron USA Incorporated | 0,26 | 12.08.2022 | 1.803.520 | 0,17 |
| 500.000 Phillips 66 | 4,30 | 01.04.2022 | 504.493 | 0,05 |
|  |  |  | 5.013.659 | 0,49 |
| Pharma (1,27 %) |  |  |  |  |
| 3.259.000 AbbVie Incorporated | 0,81 | 21.11.2022 | 3.271.080 | 0,32 |
| 3.180.000 Becton Dickinson and Company | 1,21 | 06.06.2022 | 3.191.257 | 0,31 |
| 700.000 Bristol-Myers Squibb Company | 0,54 | 16.05.2022 | 700.822 | 0,07 |
| 5.538.000 Cigna Corporation | 1,01 | 15.07.2023 | 5.589.841 | 0,54 |
| 328.000 CVS Health Corporation	3,50 | 20.07.2022 | 331.669 | 0,03 |
|  |  | 13.084.669 | 1,27 |
| Pipelines (0,68 %) |  |  |  |  |
| 600.000 Kinder Morgan Energy Partners LP | 3,95 | 01.09.2022 | 608.045 | 0,06 |
| 823.000 Kinder Morgan Incorporated | 1,40 | 15.01.2023 | 829.856 | 0,08 |
| 3.115.000 ONEOK Partners LP | 3,38 | 01.10.2022 | 3.152.209 | 0,30 |
| 1.921.000 Plains All American Pipeline LP | 3,65 | 01.06.2022 | 1.930.431 | 0,19 |
| 35.000 Williams Comapnies Incorporated | 3,35 | 15.08.2022 | 35.328 | - |
| 504.000 Williams Companies Incorporated | 3,60 | 15.03.2022 | 504.452 | 0,05 |
|  |  |  | 7.060.321 | 0,68 |
| Immobilien (0,39 %) |  |  |  |  |
| 1.703.000 American Tower Corporation | 0,60 | 15.01.2024 | 1.684.771 | 0,16 |
| 500.000 Kimco Realty Corporation | 3,40 | 01.11.2022 | 509.132 | 0,05 |
| 1.900.000 Public Storage	0,52 | 23.04.2024 | 1.898.916 | 0,18 |
|  |  | 4.092.819 | 0,39 |
| Halbleiter (0,10 %) |  |  |  |  |
| 200.000 Advanced Micro Devices Incorporated | 7,50 | 15.08.2022 | 207.500 | 0,02 |
| 795.000 Analog Devices Incorporated | 0,30 | 01.10.2024 | 795.770 | 0,08 |
|  |  |  | 1.003.270 | 0,10 |
| Software (0,31 %) |  |  |  |  |
| 1.235.000 VMware Incorporated | 1,00 | 15.08.2024 | 1.223.077 | 0,12 |
| 1.969.000 VMware Incorporated | 2,95 | 21.08.2022 | 1.992.134 | 0,19 |
|  |  |  | 3.215.211 | 0,31 |
| Telekommunikation (0,56 %) |  |  |  |  |
| 565.000 AT&T Incorporated | 1,38 | 12.06.2024 | 572.604 | 0,06 |
| 1.700.000 AT&T Incorporated | 0,69 | 25.03.2024 | 1.700.484 | 0,16 |
| 1.915.000 Verizon Communications Incorporated | 1,26 | 15.05.2025 | 1.951.813 | 0,19 |
| 1.560.000 Verizon Communications Incorporated | 1,21 | 16.03.2022 | 1.562.697 | 0,15 |
|  |  |  | 5.787.598 | 0,56 |
| Summe US-Unternehmensanleihen und -Schuldverschreibungen |  |  | 339.703.638 USD | 32,92 |
| EINLAGENZERTIFIKATE (1,07 %) (30. Juni 2021: - %) |  |  |  |  |
| Kapital betrag | Zins (%) | Fälligkeit | Wert USD | % vom Teilfonds |
| 2.000.000 USD Bank of Montreal | 0,26 | 16.03.2022 | 2.000.592 USD | 0,19 |
| 500.000 Bank of Montreal | 0,22 | 04.03.2022 | 500.100 | 0,05 |
| 3.500.000 Deutsche Bank AG | 0,77 | 16.02.2022 | 3.502.599 | 0,34 |
| 1.000.000 Nordea Bank AB | 0,37 | 28.01.2022 | 1.000.176 | 0,10 |
| 1.000.000 Standard Chartered Bank | 0,27 | 18.03.2022 | 1.000.129 | 0,10 |
| 3.000.000 Svenska Handelsbanken AB | 0,39 | 06.01.2022 | 3.000.052 | 0,29 |
| Summe Einlagenzertifikate |  |  | 11.003.648 USD | 1,07 |


## 31. Dezember 2021
COMMERCIAL PAPER (25,02 %) (30. Juni 2021: 35,89 %)
| Kapital betrag | Zins (%) | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- | --- |
| 1.000.000,00 USD Albemarle Corporation | 0,45 | 04.02.2022 | 999.611 USD | 0,10 |
| 2.000.000 Albemarle Corporation | 0,50 | 27.01.2022 | 1.999.420 | 0,19 |
| 1.000.000 Albemarle Corporation | 0,45 | 26.01.2022 | 999.721 | 0,10 |
| 750.000 Albemarle Corporation | 0,35 | 11.01.2022 | 749.919 | 0,07 |
| 1.100.000 Albemarle Corporation | 0,41 | 10.01.2022 | 1.099.892 | 0,11 |
| 3.500.000 Alexandria Real Estate Equities Incorporated | 0,27 | 05.01.2022 | 3.499.922 | 0,34 |
| 2.000.000 Amcor Finance USA Incorporated | 0,30 | 18.01.2022 | 1.999.768 | 0,19 |
| 1.500.000 Amcor Finance USA Incorporated | 0,30 | 13.01.2022 | 1.499.889 | 0,15 |
| 2.000.000 Amcor Finance USA Incorporated | 0,30 | 12.01.2022 | 1.999.869 | 0,19 |
| 1.000.000 Amcor Finance USA Incorporated | 0,30 | 11.01.2022 | 999.942 | 0,10 |
| 3.000.000 Amcor Flexibles North America Incorporated | 0,36 | 26.01.2022 | 2.999.385 | 0,29 |
| 982.000 Amcor Flexibles North America Incorporated | 0,35 | 07.01.2022 | 981.966 | 0,10 |
| 1.000.000 Ameren Corporation | 0,25 | 07.01.2022 | 999.969 | 0,10 |
| 1.500.000 American Electric Power Company Incorporated | 0,40 | 01.03.2022 | 1.499.175 | 0,15 |
| 3.250.000 American Electric Power Company Incorporated | 0,47 | 11.02.2022 | 3.248.863 | 0,31 |
| 2.000.000 American Electric Power Company Incorporated | 0,33 | 28.01.2022 | 1.999.577 | 0,19 |
| 4.500.000 AT&T Incorporated | 0,40 | 12.04.2022 | 4.494.466 | 0,44 |
| 5.000.000 Autonation Incorporated | 0,45 | 05.01.2022 | 4.999.772 | 0,47 |
| 5.500.000 Autonation Incorporated | 0,22 | 03.01.2022 | 5.499.855 | 0,53 |
| 1.500.000 Aviation Capital Group LLC | 0,47 | 19.01.2022 | 1.499.802 | 0,15 |
| 1.500.000 Aviation Capital Group LLC | 0,47 | 18.01.2022 | 1.499.820 | 0,15 |
| 1.500.000 Aviation Capital Group LLC | 0,45 | 13.01.2022 | 1.499.887 | 0,15 |
| 1.500.000 Aviation Capital Group LLC | 0,46 | 10.01.2022 | 1.499.915 | 0,15 |
| 1.500.000 Aviation Capital Group LLC | 0,42 | 07.01.2022 | 1.499.942 | 0,15 |
| 2.000.000 CenterPoint Energy Incorporated | 0,44 | 26.01.2022 | 1.999.619 | 0,19 |
| 1.000.000 CenterPoint Energy Incorporated | 0,32 | 13.01.2022 | 999.926 | 0,10 |
| 2.000.000 CenterPoint Energy Incorporated | 0,28 | 10.01.2022 | 1.999.899 | 0,19 |
| 1.750.000 Conagra Foods Incorporated | 0,30 | 10.01.2022 | 1.749.864 | 0,17 |
| 1.750.000 Conagra Foods Incorporated | 0,30 | 05.01.2022 | 1.749.933 | 0,17 |
| 6.000.000 Conagra Foods Incorporated | 0,20 | 03.01.2022 | 5.999.863 | 0,58 |
| 2.000.000 Constellation Brands Incorporated | 0,40 | 06.01.2022 | 1.999.889 | 0,19 |
| 8.000.000 Crown Castle International Corporation | 0,44 | 12.01.2022 | 7.998.975 | 0,77 |
| 2.000.000 Danaher Corporation | 0,24 | 14.01.2022 | 1.999.835 | 0,19 |
| 2.000.000 Dominion Resources Incorporated | 0,35 | 20.01.2022 | 1.999.733 | 0,19 |
| 1.500.000 Enbridge Incorporated | 0,40 | 25.03.2022 | 1.498.649 | 0,15 |
| 2.000.000 Enbridge Incorporated | 0,55 | 21.03.2022 | 1.998.324 | 0,19 |
| 1.000.000 Enbridge Incorporated | 0,43 | 14.03.2022 | 999.270 | 0,10 |
| 1.000.000 Enbridge Incorporated | 0,27 | 18.01.2022 | 999.884 | 0,10 |
| 1.500.000 Enbridge Incorporated | 0,27 | 13.01.2022 | 1.499.889 | 0,15 |
| 2.000.000 Enbridge Incorporated | 0,26 | 07.01.2022 | 1.999.938 | 0,19 |
| 1.000.000 Enel Finance America LLC | 0,40 | 27.04.2022 | 998.580 | 0,10 |
| 425.000 Enel Finance America LLC | 0,37 | 24.02.2022 | 424.784 | 0,04 |
| 1.429.000 Enel Finance America LLC | 0,50 | 11.02.2022 | 1.428.513 | 0,14 |
| 1.250.000 Enel Finance America LLC | 0,30 | 28.01.2022 | 1.249.738 | 0,12 |
| 535.000 Enel Finance America LLC | 0,35 | 19.01.2022 | 534.936 | 0,05 |
| 3.442.000 Enel Finance America LLC | 0,29 | 12.01.2022 | 3.441.782 | 0,33 |
| 3.000.000 Energy Transfer Partners | 0,45 | 04.01.2022 | 2.999.892 | 0,29 |
| 7.500.000 Energy Transfer Partners | 0,44 | 03.01.2022 | 7.499.802 | 0,73 |
| 1.000.000 EPR Operating LP | 0,35 | 28.02.2022 | 999.050 | 0,10 |
| 2.500.000 EPR Operating LP | 0,35 | 18.01.2022 | 2.499.710 | 0,24 |
| 2.000.000 EPR Operating LP | 0,30 | 10.01.2022 | 1.999.899 | 0,19 |
| 1.000.000 EPR Operating LP | 0,30 | 06.01.2022 | 999.974 | 0,10 |
| 1.500.000 Evergy | 0,32 | 06.01.2022 | 1.499.900 | 0,15 |
| 1.500.000 Eversource Energy | 0,31 | 01.02.2022 | 1.499.741 | 0,15 |
| 1.750.000 Eversource Energy | 0,28 | 28.01.2022 | 1.749.744 | 0,17 |
| 3.000.000 Eversource Energy | 0,28 | 24.01.2022 | 2.999.634 | 0,29 |

Anlagenverzeichnis Forts.

## 31. Dezember 2021
COMMERCIAL PAPER (25,02 %) (30. Juni 2021: 35,89 %) 
Forts.
| Kapital betrag | Zins (%) | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- | --- |
| 3.500.000 USD Eversource Energy | 0,30 | 20.01.2022 | 3.499.665 USD | 0,33 |
| 1.000.000 Fidelity National Information Services Incorporated | 0,52 | 22.03.2022 | 999.118 | 0,10 |
| 2.000.000 Fidelity National Information Services Incorporated | 0,48 | 03.03.2022 | 1.998.781 | 0,19 |
| 3.000.000 Fidelity National Information Services Incorporated | 0,32 | 19.01.2022 | 2.999.641 | 0,29 |
| 2.000.000 Fidelity National Information Services Incorporated | 0,34 | 18.01.2022 | 1.999.778 | 0,19 |
| 1.000.000 Fidelity National Information Services Incorporated | 0,25 | 06.01.2022 | 999.974 | 0,10 |
| 6.000.000 FMC Corporation | 0,30 | 03.01.2022 | 5.999.771 | 0,57 |
| 1.000.000 General Motors Financial Company Incorporated | 0,46 | 18.03.2022 | 999.042 | 0,10 |
| 1.000.000 General Motors Financial Company Incorporated | 0,40 | 28.02.2022 | 999.313 | 0,10 |
| 500.000 General Motors Financial Company Incorporated | 0,36 | 17.02.2022 | 499.728 | 0,05 |
| 2.500.000 General Motors Financial Company Incorporated | 0,36 | 14.02.2022 | 2.498.734 | 0,24 |
| 500.000 General Motors Financial Company Incorporated | 0,40 | 07.02.2022 | 499.790 | 0,05 |
| 500.000 General Motors Financial Company Incorporated | 0,36 | 03.02.2022 | 499.744 | 0,05 |
| 2.250.000 General Motors Financial Company Incorporated | 0,36 | 02.02.2022 | 2.249.189 | 0,22 |
| 500.000 General Motors Financial Company Incorporated | 0,36 | 18.01.2022 | 499.909 | 0,05 |
| 1.000.000 General Motors Financial Company Incorporated | 0,35 | 13.01.2022 | 999.877 | 0,10 |
| 500.000 General Motors Financial Company Incorporated | 0,36 | 11.01.2022 | 499.950 | 0,05 |
| 1.500.000 Glencore Funding LLC | 0,26 | 10.02.2022 | 1.499.428 | 0,15 |
| 1.500.000 Glencore Funding LLC | 0,27 | 09.02.2022 | 1.499.445 | 0,15 |
| 3.250.000 Glencore Funding LLC | 0,29 | 19.01.2022 | 3.249.624 | 0,31 |
| 4.000.000 Healthpeak Properties Incorporated | 0,27 | 25.01.2022 | 3.999.194 | 0,39 |
| 1.000.000 Healthpeak Properties Incorporated | 0,28 | 11.01.2022 | 999.933 | 0,10 |
| 1.750.000 HSBC USA Incorporated | 0,73 | 28.12.2022 | 1.738.263 | 0,17 |
| 3.250.000 HSBC USA Incorporated | 0,33 | 08.07.2022 | 3.251.557 | 0,32 |
| 2.000.000 HSBC USA Incorporated | 0,37 | 24.03.2022 | 2.000.738 | 0,19 |
| 1.500.000 Humana Incorporated | 0,33 | 09.02.2022 | 1.499.500 | 0,15 |
| 2.300.000 Humana Incorporated | 0,36 | 07.02.2022 | 2.299.281 | 0,22 |
| 1.700.000 Humana Incorporated | 0,35 | 02.02.2022 | 1.699.554 | 0,16 |
| 1.500.000 Humana Incorporated | 0,36 | 14.01.2022 | 1.499.855 | 0,15 |
| 1.000.000 Humana Incorporated | 0,40 | 12.01.2022 | 999.918 | 0,10 |
| 1.100.000 Humana Incorporated | 0,35 | 10.01.2022 | 1.099.925 | 0,11 |
| 1.500.000 Ingredion Incorporated | 0,30 | 07.01.2022 | 1.499.953 | 0,15 |
| 2.500.000 Intercontinental Exchange Incorporated | 0,40 | 14.03.2022 | 2.497.653 | 0,24 |
| 2.000.000 Intercontinental Exchange Incorporated | 0,40 | 14.02.2022 | 1.999.060 | 0,19 |
| 500.000 Intercontinental Exchange Incorporated | 0,35 | 31.01.2022 | 499.828 | 0,05 |
| 500.000 Intercontinental Exchange Incorporated | 0,35 | 25.01.2022 | 499.896 | 0,05 |
| 1.500.000 International Flavors & Fragrances Incorporated | 0,60 | 29.03.2022 | 1.497.470 | 0,15 |
| 1.500.000 International Flavors & Fragrances Incorporated | 0,45 | 01.02.2022 | 1.499.623 | 0,15 |
| 3.500.000 Intesa Sanpaolo Funding LLC | 0,34 | 29.03.2022 | 3.494.815 | 0,34 |
| 2.000.000 Mohawk Industries Incorporated | 0,40 | 20.01.2022 | 1.999.606 | 0,19 |
| 500.000 Nasdaq Incorporated | 0,43 | 11.02.2022 | 499.817 | 0,05 |
| 2.000.000 National Grid PLC | 0,35 | 04.02.2022 | 1.999.440 | 0,19 |
| 1.500.000 National Grid PLC | 0,35 | 25.01.2022 | 1.499.729 | 0,15 |
| 2.000.000 National Grid PLC | 0,37 | 21.01.2022 | 1.999.715 | 0,19 |
| 1.750.000 National Grid PLC | 0,25 | 14.01.2022 | 1.749.856 | 0,17 |
| 1.750.000 National Grid PLC | 0,25 | 13.01.2022 | 1.749.870 | 0,17 |
| 1.750.000 National Grid PLC | 0,27 | 12.01.2022 | 1.749.885 | 0,17 |
| 1.500.000 Nutrien Limited | 0,40 | 24.03.2022 | 1.498.465 | 0,15 |
| 2.000.000 Realty Income Corporation | 0,40 | 15.02.2022 | 1.999.215 | 0,19 |
| 400.000 Sempra Energy | 0,40 | 19.01.2022 | 399.948 | 0,04 |
| 1.000.000 Sherwin-Williams Company | 0,23 | 24.01.2022 | 999.882 | 0,10 |
| 500.000 Suncor Energy Incorporated | 0,46 | 11.02.2022 | 499.825 | 0,05 |
| 1.500.000 Suncor Energy Incorporated | 0,25 | 11.01.2022 | 1.499.913 | 0,15 |
| 2.250.000 Suncor Energy Incorporated | 0,30 | 05.01.2022 | 2.249.951 | 0,22 |
| 3.500.000 Thermo Fisher Scientific Incorporated | 0,50 | 01.06.2022 | 3.493.467 | 0,33 |


## 31. Dezember 2021
COMMERCIAL PAPER (25,02 %) (30. Juni 2021: 35,89 %) 
Forts.
| Kapital betrag | Zins (%) | Fälligkeit | Wert USD | % vom Teilfonds |
| --- | --- | --- | --- | --- |
| 750.000 USD TransCanada PipeLines Limited | 0,30 | 09.02.2022 | 749.753 USD | 0,07 |
| 3.000.000 TransCanada PipeLines Limited | 0,31 | 08.02.2022 | 2.999.041 | 0,29 |
| 1.000.000 TransCanada PipeLines Limited | 0,34 | 01.02.2022 | 999.748 | 0,10 |
| 3.000.000 TransCanada PipeLines Limited | 0,30 | 24.01.2022 | 2.999.488 | 0,29 |
| 2.000.000 UDR Incorporated | 0,31 | 13.01.2022 | 1.999.852 | 0,19 |
| 2.000.000 UDR Incorporated | 0,25 | 07.01.2022 | 1.999.938 | 0,19 |
| 1.000.000 Viatris Incorporated | 0,60 | 28.02.2022 | 999.231 | 0,10 |
| 500.000 Viatris Incorporated | 0,50 | 11.02.2022 | 499.736 | 0,05 |
| 1.000.000 Viatris Incorporated | 0,55 | 04.02.2022 | 999.567 | 0,10 |
| 1.700.000 Viatris Incorporated | 0,55 | 03.02.2022 | 1.699.287 | 0,16 |
| 600.000 Viatris Incorporated | 0,53 | 19.01.2022 | 599.868 | 0,06 |
| 3.000.000 Viatris Incorporated | 0,50 | 10.01.2022 | 2.999.695 | 0,29 |
| 2.000.000 Viatris Incorporated | 0,55 | 07.01.2022 | 1.999.868 | 0,19 |
| 2.500.000 Walgreens Boots Alliance Incorporated | 0,36 | 11.02.2022 | 2.498.921 | 0,24 |
| 5.000.000 WEC Energy Group Incorporated | 0,25 | 18.01.2022 | 4.999.419 | 0,47 |
| 2.000.000 WEC Energy Group Incorporated | 0,35 | 03.01.2022 | 1.999.942 | 0,19 |
| 2.000.000 Welltower Incorporated | 0,38 | 31.01.2022 | 1.999.516 | 0,19 |
| 2.000.000 Welltower Incorporated | 0,38 | 24.01.2022 | 1.999.665 | 0,19 |
| 2.000.000 Welltower Incorporated | 0,33 | 06.01.2022 | 1.999.947 | 0,19 |
| 3.250.000 Westpac Banking Corporation | 0,15 | 11.03.2022 | 3.250.773 | 0,32 |
| Summe Commercial Paper |  |  | 258.137.760 USD | 25,02 |
| Summe finanzieller Vermögenswerte, erfolgswirksam zum beizulegenden Zeitwert |  |  | 1.031.842.649 USD | 100,01 |
| Analyse des Gesamtvermögens |  |  |  | % des Gesamt- vermö- gens |
| Übertragbare Wertpapiere, die an einer amtlichen Börse zur Notierung zugelassen wurden |  |  |  | 29,70 |
| Übertragbare Wertpapiere, die an einem anderen geregelten Markt gehandelt werden |  |  |  | 5,60 |
| Sonstige übertragbare Wertpapiere gemäß Vorschrift 68 (1) (a), (b) und (c) |  |  |  | 64,42 |
| Sonstige Vermögenswerte |  |  |  | 0,28 |
| Summe Vermögenswerte |  |  |  | 100,00 |

| Putnam European High Yield Fund |  |
| --- | --- |
|  | Halbjahr zum 31. Dezember 2021 | Halbjahr zum 31. Dezember 2020 |
|  | EUR | EUR |
| Betriebsgewinn |  |  |
| Zinsertrag | €	367.321 | €	379.137 |
| Realisierte Netto(verluste)/-gewinne aus erfolgswirksam zum beizulegenden Zeitwert bewerteten |  |  |
| finanziellen Vermögenswerten und Verbindlichkeiten | (26.213) | 75.521 |
| Nettoveränderung der nicht realisierten (Verluste)/Gewinne aus erfolgswirksam zum beizulegenden |  |  |
| Zeitwert bewerteten finanziellen Vermögenswerten und Verbindlichkeiten | (174.573) | 713.742 |
|  | €	166.535 | €	1.168.400 |
| Betriebskosten |  |  |
| Verwaltungsgebühren (Anm. 11) | 56.043 | 52.977 |
| Gebühren der Verwahrstelle (Anm. 8) | 10.345 | 11.392 |
| Gebühren der Verwaltungsstelle (Anm. 8) | 18.144 | 16.603 |
| Wirtschaftsprüferhonorar | 11.817 | 10.817 |
| Honorare (Anm. 11) | 3.840 | 740 |
| Sonstige Auslagen | 6.965 | 2.784 |
|  | €	107.154 | €	95.313 |
| Betriebsgewinn | €	59.381 | €	1.073.087 |
| Vorsteuergewinn im Berichtszeitraum | €	59.381 | €	1.073.087 |
| Nicht erstattungsfähige Quellensteuer | - | - |
| Gesamtergebnis im Berichtszeitraum | €	59.381 | €	1.073.087 |

Außer dem Gesamt(verlust)/-gewinn sind keine Gewinne oder Verluste im Berichtszeitraum entstanden. Bei der Ermittlung der Ergebnisse für den Berichtszeitraum beziehen sich alle oben genannten Beträge auf die fortgeführte Geschäftstätigkeit.
| Putnam Fixed Income Global Alpha Fund |  |  |
| --- | --- | --- |
|  | Halbjahr zum 31. Dezember 2021 | Halbjahr zum 31. Dezember 2020 |
|  | USD | USD |
| Betriebs(verlust)/-gewinn |  |  |
| Zinsertrag | $	3.581.963 | $	3.890.616 |
| Sonstige Erträge | 8.000 | - |
| Realisierte Netto(verluste)/-gewinne aus erfolgswirksam zum beizulegenden Zeitwert bewerteten |  |  |
| finanziellen Vermögenswerten und Verbindlichkeiten | (16.683.897) | 16.055.862 |
| Nettoveränderung der nicht realisierten Gewinne aus erfolgswirksam zum beizulegenden Zeitwert |  |  |
| bewerteten finanziellen Vermögenswerten und Verbindlichkeiten | 3.200.386 | 5.523.227 |
|  | $	(9.893.548) | $	25.469.705 |
| Betriebskosten |  |  |
| Verwaltungsgebühren (Anm. 11) | 341.664 | 450.430 |
| Gebühren der Verwahrstelle (Anm. 8) | 72.153 | 67.123 |
| Gebühren der Verwaltungsstelle (Anm. 8) | 74.701 | 86.517 |
| Wirtschaftsprüferhonorar | 46.600 | 50.600 |
| Honorare (Anm. 11) | 18.400 | 13.400 |
| Sonstige Auslagen | 33.167 | 19.168 |
|  | $	586.685 | $	687.238 |
| Kostenerstattung durch die Verwaltungsgesellschaft (Anm. 11) | (91.663) | (71.636) |
|  | $	495.022 | $	615.602 |
| Betriebs(verlust)/-gewinn | $	(10.388.570) | $	24.854.103 |
| Gewinn/(Verlust) für den Berichtszeitraum vor Steuern | $	(10.388.570) | $	24.854.103 |
| Nicht erstattungsfähige Quellensteuer | - | - |
| (Wertverlust)/-zuwachs des Nettovermögens, das Inhabern rücknahmefähiger |  |  |
| gewinnberechtigter Anteile aus der Geschäftstätigkeit zuzurechnen ist | $	(10.388.570) | $	24.854.103 |

Außer dem ausgewiesenen Wert(verlust)/-zuwachs des Nettovermögens, das Inhabern rücknahmefähiger gewinnberechtigter Anteile aus der Geschäftstätigkeit zuzurechnen ist, sind im Berichtszeitraum keine Gewinne oder Verluste entstanden. Bei der Ermittlung der Ergebnisse für den Berichtszeitraum beziehen sich alle oben genannten Beträge auf die fortgeführte Geschäftstätigkeit.
| Putnam Global High Yield Bond Fund |  |
| --- | --- |
|  | Halbjahr zum 31. Dezember 2021 | Halbjahr zum 31. Dezember 2020 |
|  | USD | USD |
| Betriebs(verlust)/-gewinn |  |  |
| Zinsertrag | $	2.269.144 | $	7.791.130 |
| Dividendenerträge | 37.774 | 106.322 |
| Sonstige Erträge | 4.000 | - |
| Realisierte Netto(verluste)/-gewinne aus erfolgswirksam zum beizulegenden Zeitwert bewerteten |  |  |
| finanziellen Vermögenswerten und Verbindlichkeiten | (2.612.216) | 13.207.315 |
| Nettoveränderung der nicht realisierten Gewinne aus erfolgswirksam zum beizulegenden Zeitwert bewerteten |  |  |
| finanziellen Vermögenswerten und Verbindlichkeiten | 178.918 | 32.659.175 |
|  | $	(122.380) | $	53.763.942 |
| Betriebskosten |  |  |
| Verwaltungsgebühren (Anm. 11) | 248.481 | 748.116 |
| Gebühren der Verwahrstelle (Anm. 8) | 40.659 | 52.475 |
| Gebühren der Verwaltungsstelle (Anm. 8) | 115.968 | 176.228 |
| Wirtschaftsprüferhonorar | 18.240 | 20.240 |
| Honorare (Anm. 11) | 14.808 | 18.808 |
| Sonstige Auslagen | 25.700 | 47.700 |
|  | $	463.856 | $	1.063.567 |
| Kostenerstattung durch die Verwaltungsgesellschaft (Anm. 11) | (101.611) | (51.698) |
|  | $	362.245 | $	1.011.869 |
| Betriebs(verlust)/-gewinn | $	(484.625) | $	52.752.073 |
| Finanzierungskosten |  |  |
| Ausschüttungen an Inhaber rücknahmefähiger gewinnberechtigter Anteile (Anm. 3) | (842.481) | (5.306.560) |
| (Verlust)/Gewinn für den Berichtszeitraum nach Ausschüttungen und vor |  |  |
| Steuern | $	(1.327.106) | $	47.445.513 |
| Nicht erstattungsfähige Quellensteuer | (6.700) | (27.940) |
| (Wertverlust)/-zuwachs des Nettovermögens, das Inhabern rücknahmefähiger |  |  |
| gewinnberechtigter Anteile aus der Geschäftstätigkeit zuzurechnen ist | $	(1.333.806) | $	47.417.573 |

Außer dem ausgewiesenen Wert(verlust)/-zuwachs des Nettovermögens, das Inhabern rücknahmefähiger gewinnberechtigter Anteile aus der Geschäftstätigkeit zuzurechnen ist, sind im Berichtszeitraum keine Gewinne oder Verluste entstanden. Bei der Ermittlung der Ergebnisse für den Berichtszeitraum beziehen sich alle oben genannten Beträge auf die fortgeführte Geschäftstätigkeit.
| Putnam Global Technology Fund* |  |
| --- | --- |
|  | Berichtszeitraum zum 31. Dezember 2021 USD |
| Betriebsverlust |  |
| Dividendenerträge | $	1.427 |
| Realisierte Nettogewinne aus erfolgswirksam zum beizulegenden Zeitwert bewerteten finanziellen |  |
| Vermögenswerten und Verbindlichkeiten | 10.504 |
| Nettoveränderung der nicht realisierten Verluste aus erfolgswirksam zum beizulegenden Zeitwert bewerteten |  |
| finanziellen Vermögenswerten und Verbindlichkeiten | (38.928) |
|  | $	(26.997) |
| Betriebskosten |  |
| Verwaltungsgebühren (Anm. 11) | 1.521 |
| Gebühren der Verwahrstelle (Anm. 8) | 319 |
| Gebühren der Verwaltungsstelle (Anm. 8) | 4.061 |
| Wirtschaftsprüferhonorar | 3.924 |
| Honorare (Anm. 11) | 320 |
| Sonstige Auslagen | 4.537 |
|  | $	14.682 |
| Kostenerstattung durch die Verwaltungsgesellschaft (Anm. 11) | (13.159) |
|  | $	1.523 |
| Betriebsverlust | $	(28.520) |
| Vorsteuerverlust im Berichtszeitraum | $	(28.520) |
| Nicht erstattungsfähige Quellensteuer | (393) |
| Wertverlust des Nettovermögens, das Inhabern rücknahmefähiger |  |
| gewinnberechtigter Anteile aus der Geschäftstätigkeit zuzurechnen ist | $	(28.913) |

* Der Putnam Global Technology Fund wurde am 30. November 2021 aufgelegt. Für den Sechsmonatszeitraum zum 31. Dezember 2020 gibt es keine vergleichende Gesamtergebnisrechnung.
Außer dem ausgewiesenen Wertverlust des Nettovermögens, das Inhabern rücknahmefähiger gewinnberechtigter Anteile aus der Geschäftstätigkeit zuzurechnen ist, sind im Berichtszeitraum keine Gewinne oder Verluste entstanden. Bei der Ermittlung der Ergebnisse für den Berichtszeitraum beziehen sich alle oben genannten Beträge auf die fortgeführte Geschäftstätigkeit.
| Putnam Multi-Asset Absolute Return Fund |  |
| --- | --- |
|  | Halbjahr zum 31. Dezember 2021 | Halbjahr zum 31. Dezember 2020 |
|  | USD | USD |
| Betriebs(verlust)/-gewinn |  |  |
| Zinsertrag | $	21.543 | $	1.121.340 |
| Dividendenerträge | 1.581 | 1.720.736 |
| Realisierte Netto(verluste)/-gewinne aus erfolgswirksam zum beizulegenden Zeitwert bewerteten |  |  |
| finanziellen Vermögenswerten und Verbindlichkeiten | (1.853.558) | 11.540.761 |
| Nettoveränderung der nicht realisierten Gewinne aus erfolgswirksam zum beizulegenden Zeitwert |  |  |
| bewerteten finanziellen Vermögenswerten und Verbindlichkeiten | 1.678.844 | 12.956.855 |
|  | $	(151.590) | $	27.339.692 |
| Betriebskosten |  |  |
| Verwaltungsgebühren (Anm. 11) | 42.432 | 1.400.119 |
| Gebühren der Verwahrstelle (Anm. 8) | 33.012 | 149.733 |
| Gebühren der Verwaltungsstelle (Anm. 8) | 55.197 | 198.999 |
| Wirtschaftsprüferhonorar | 39.160 | 44.160 |
| Honorare (Anm. 11) | 3.520 | 28.000 |
| Sonstige Auslagen | 24.684 | 57.839 |
|  | $	198.005 | $	1.878.850 |
| Kostenerstattung durch die Verwaltungsgesellschaft (Anm. 11) | (138.582) | (201.559) |
|  | $	59.423 | $	1.677.291 |
| Betriebs(verlust)/-gewinn | $	(211.013) | $	25.662.401 |
| Finanzierungskosten |  |  |
| Ausschüttungen an Inhaber rücknahmefähiger gewinnberechtigter Anteile (Anm. 3) | - | (4.121.076) |
| (Verlust)/Gewinn für den Berichtszeitraum nach Ausschüttungen und vor |  |  |
| Steuern | $	(211.013) | $	21.541.325 |
| Nicht erstattungsfähige Quellensteuer | (48) | (196.309) |
| (Wertverlust)/-zuwachs des Nettovermögens, das Inhabern rücknahmefähiger |  |  |
| gewinnberechtigter Anteile aus der Geschäftstätigkeit zuzurechnen ist | $	(211.061) | $	21.345.016 |

Außer dem ausgewiesenen Wert(verlust)/-zuwachs des Nettovermögens, das Inhabern rücknahmefähiger gewinnberechtigter Anteile aus der Geschäftstätigkeit zuzurechnen ist, sind im Berichtszeitraum keine Gewinne oder Verluste entstanden. Bei der Ermittlung der Ergebnisse für den Berichtszeitraum beziehen sich alle oben genannten Beträge auf die fortgeführte Geschäftstätigkeit.
| Putnam Securitised Credit Fund |  |  |
| --- | --- | --- |
|  | Halbjahr zum 31. Dezember 2021 | Halbjahr zum 31. Dezember 2020 |
|  | USD | USD |
| Betriebs(verlust)/-gewinn |  |  |
| Zinsertrag | $	6.599.379 | $	6.658.543 |
| Realisierte Netto(verluste)/-gewinne aus erfolgswirksam zum beizulegenden Zeitwert bewerteten |  |  |
| finanziellen Vermögenswerten und Verbindlichkeiten | (16.992.855) | 9.886.330 |
| Nettoveränderung der nicht realisierten (Verluste)/Gewinne aus erfolgswirksam zum beizulegenden |  |  |
| Zeitwert bewerteten finanziellen Vermögenswerten und Verbindlichkeiten | (4.936.630) | 27.931.770 |
|  | $	(15.330.106) | $	44.476.643 |
| Betriebskosten |  |  |
| Verwaltungsgebühren (Anm. 11) | 527.809 | 757.401 |
| Gebühren der Verwahrstelle (Anm. 8) | 77.863 | 72.018 |
| Gebühren der Verwaltungsstelle (Anm. 8) | 145.783 | 190.987 |
| Wirtschaftsprüferhonorar | 13.163 | 14.163 |
| Honorare (Anm. 11) | 36.840 | 21.840 |
| Sonstige Auslagen | 56.623 | 79.442 |
|  | $	858.081 | $	1.135.851 |
| Betriebs(verlust)/-gewinn | $	(16.188.187) | $	43.340.792 |
| Finanzierungskosten |  |  |
| Ausschüttungen an Inhaber rücknahmefähiger gewinnberechtigter Anteile (Anm. 3) | - | (3.547.973) |
| (Verlust)/Gewinn für den Berichtszeitraum nach Ausschüttungen und vor |  |  |
| Steuern | $	(16.188.187) | $	39.792.819 |
| Nicht erstattungsfähige Quellensteuer | - | - |
| (Wertverlust)/-zuwachs des Nettovermögens, das Inhabern rücknahmefähiger |  |  |
| gewinnberechtigter Anteile aus der Geschäftstätigkeit zuzurechnen ist | $	(16.188.187) | $	39.792.819 |

Außer dem ausgewiesenen Wert(verlust)/-zuwachs des Nettovermögens, das Inhabern rücknahmefähiger gewinnberechtigter Anteile aus der Geschäftstätigkeit zuzurechnen ist, sind im Berichtszeitraum keine Gewinne oder Verluste entstanden. Bei der Ermittlung der Ergebnisse für den Berichtszeitraum beziehen sich alle oben genannten Beträge auf die fortgeführte Geschäftstätigkeit.
| Putnam Total Return Fund |  |  |
| --- | --- | --- |
|  | Halbjahr zum 31. Dezember 2021 | Halbjahr zum 31. Dezember 2020 |
|  | USD | USD |
| Betriebs(verlust)/-gewinn |  |  |
| Zinsertrag | $	167.450 | $	528.576 |
| Dividendenerträge | 81.551 | 392.505 |
| Sonstige Erträge | 5.000 | - |
| Realisierte Netto(verluste)/-gewinne aus erfolgswirksam zum beizulegenden Zeitwert bewerteten |  |  |
| finanziellen Vermögenswerten und Verbindlichkeiten | (3.139.384) | 8.059.393 |
| Nettoveränderung der nicht realisierten Gewinne aus erfolgswirksam zum beizulegenden Zeitwert bewerteten |  |  |
| finanziellen Vermögenswerten und Verbindlichkeiten | 72.777 | 4.450.742 |
|  | $	(2.812.606) | $	13.431.216 |
| Betriebskosten |  |  |
| Verwaltungsgebühren (Anm. 11) | 282.240 | 465.370 |
| Gebühren der Verwahrstelle (Anm. 8) | 56.710 | 70.277 |
| Gebühren der Verwaltungsstelle (Anm. 8) | 73.074 | 95.584 |
| Wirtschaftsprüferhonorar | 40.080 | 45.080 |
| Honorare (Anm. 11) | 2.720 | 4.720 |
| Sonstige Auslagen | 26.565 | 21.564 |
|  | $	481.389 | $	702.595 |
| Kostenerstattung durch die Verwaltungsgesellschaft (Anm. 11) | (108.273) | (89.500) |
|  | $	373.116 | $	613.095 |
| Betriebs(verlust)/-gewinn | $	(3.185.722) | $	12.818.121 |
| Finanzierungskosten |  |  |
| Ausschüttungen an Inhaber rücknahmefähiger gewinnberechtigter Anteile (Anm. 3) | - | (1.283.420) |
| (Verlust)/Gewinn für den Berichtszeitraum nach Ausschüttungen und vor |  |  |
| Steuern | $	(3.185.722) | $	11.534.701 |
| Nicht erstattungsfähige Quellensteuer | (7.098) | (87.202) |
| (Wertverlust)/-zuwachs des Nettovermögens, das Inhabern rücknahmefähiger |  |  |
| gewinnberechtigter Anteile aus der Geschäftstätigkeit zuzurechnen ist | $	(3.192.820) | $	11.447.499 |

Außer dem ausgewiesenen Wert(verlust)/-zuwachs des Nettovermögens, das Inhabern rücknahmefähiger gewinnberechtigter Anteile aus der Geschäftstätigkeit zuzurechnen ist, sind im Berichtszeitraum keine Gewinne oder Verluste entstanden. Bei der Ermittlung der Ergebnisse für den Berichtszeitraum beziehen sich alle oben genannten Beträge auf die fortgeführte Geschäftstätigkeit.
| Putnam U.S. Large Cap Growth Fund |  |  |
| --- | --- | --- |
|  | Halbjahr zum 31. Dezember 2021 | Halbjahr zum 31. Dezember 2020 |
|  | USD | USD |
| Betriebsgewinn |  |  |
| Dividendenerträge | $	99.209 | $	242.998 |
| Sonstige Erträge | 2.042 | 852 |
| Realisierte Nettogewinne aus erfolgswirksam zum beizulegenden Zeitwert bewerteten finanziellen |  |  |
| Vermögenswerten und Verbindlichkeiten | 5.098.365 | 18.164.067 |
| Nettoveränderung der nicht realisierten (Verluste)/Gewinne aus erfolgswirksam zum beizulegenden Zeitwert |  |  |
| bewerteten finanziellen Vermögenswerten und Verbindlichkeiten | (1.992.419) | 5.634.545 |
|  | $	3.207.197 | $	24.042.462 |
| Betriebskosten |  |  |
| Verwaltungsgebühren (Anm. 11) | 256.876 | 291.804 |
| Gebühren der Verwahrstelle (Anm. 8) | 16.491 | 29.949 |
| Gebühren der Verwaltungsstelle (Anm. 8) | 69.455 | 81.891 |
| Wirtschaftsprüferhonorar | 10.856 | 10.856 |
| Honorare (Anm. 11) | 7.400 | 8.400 |
| Sonstige Auslagen | 18.829 | 12.285 |
|  | $	379.907 | $	435.185 |
| Betriebsgewinn | $	2.827.290 | $	23.607.277 |
| Vorsteuergewinn im Berichtszeitraum | $	2.827.290 | $	23.607.277 |
| Nicht erstattungsfähige Quellensteuer | (26.686) | (70.448) |
| Wertzuwachs des Nettovermögens, das Inhabern rücknahmefähiger |  |  |
| gewinnberechtigter Anteile aus der Geschäftstätigkeit zuzurechnen ist | $	2.800.604 | $	23.536.829 |

Außer dem ausgewiesenen Wertzuwachs des Nettovermögens, das Inhabern rücknahmefähiger gewinnberechtigter Anteile aus der Geschäftstätigkeit zuzurechnen ist, sind im Berichtszeitraum keine Gewinne oder Verluste entstanden. Bei der Ermittlung der Ergebnisse für den Berichtszeitraum beziehen sich alle oben genannten Beträge auf die fortgeführte Geschäftstätigkeit.
| Putnam Ultra Short Duration Income Fund |  |  |
| --- | --- | --- |
|  | Halbjahr zum 31. Dezember 2021 | Halbjahr zum 31. Dezember 2020 |
|  | USD | USD |
| Betriebsgewinn |  |  |
| Zinsertrag | $	2.908.712 | $	4.764.404 |
| Realisierte Netto(verluste)/-gewinne aus erfolgswirksam zum beizulegenden Zeitwert bewerteten |  |  |
| finanziellen Vermögenswerten und Verbindlichkeiten | (136.526) | 180.518 |
| Nettoveränderung der nicht realisierten (Verluste)/Gewinne aus erfolgswirksam zum beizulegenden |  |  |
| Zeitwert bewerteten finanziellen Vermögenswerten und Verbindlichkeiten | (1.819.462) | 1.555.735 |
|  | $	952.724 | $	6.500.657 |
| Betriebskosten |  |  |
| Verwaltungsgebühren (Anm. 11) | 2.781.795 | 2.913.453 |
| Gebühren der Verwahrstelle (Anm. 8) | 159.118 | 169.090 |
| Gebühren der Verwaltungsstelle (Anm. 8) | 543.878 | 580.203 |
| Wirtschaftsprüferhonorar | 10.379 | 10.120 |
| Honorare (Anm. 11) | 128.600 | 78.600 |
| Sonstige Auslagen | 196.802 | 91.672 |
|  | $	3.820.572 | $	3.843.138 |
| Kostenerstattung durch die Verwaltungsgesellschaft (Anm. 11) | (1.173.682) | (574.128) |
|  | $	2.646.890 | $	3.269.010 |
| Betriebs(verlust)/-gewinn | $	(1.694.166) | $	3.231.647 |
| Finanzierungskosten |  |  |
| Ausschüttungen an Inhaber rücknahmefähiger gewinnberechtigter Anteile |  |  |
| (Anm. 3) | (126.388) | (455.963) |
| (Verlust)/Gewinn für den Berichtszeitraum nach Ausschüttungen und vor |  |  |
| Steuern | $	(1.820.554) | $	2.775.684 |
| Nicht erstattungsfähige Quellensteuer | (439) | - |
| (Wertverlust)/-zuwachs des Nettovermögens, das Inhabern rücknahmefähiger |  |  |
| gewinnberechtigter Anteile aus der Geschäftstätigkeit zuzurechnen ist | $	(1.820.993) | $	2.775.684 |

Außer dem ausgewiesenen Wert(verlust)/-zuwachs des Nettovermögens, das Inhabern rücknahmefähiger gewinnberechtigter Anteile aus der Geschäftstätigkeit zuzurechnen ist, sind im Berichtszeitraum keine Gewinne oder Verluste entstanden. Bei der Ermittlung der Ergebnisse für den Berichtszeitraum beziehen sich alle oben genannten Beträge auf die fortgeführte Geschäftstätigkeit.
| Bilanz |  |
| --- | --- |
| Putnam European High Yield Fund |
|  | 31. Dezember 2021 EUR | 30. Juni 2021 EUR |
| Umlaufvermögen |  |  |
| Finanzielle Vermögenswerte, erfolgswirksam zum beizulegenden Zeitwert bewertet | €	16.267.066 | €	16.083.470 |
| Bankeinlagen | 706.771 | 830.873 |
| Noch nicht abgerechnete Verkäufe von Anlagen | 10.331 | 592.933 |
| Zinsforderungen | 223.883 | 166.600 |
| Summe Vermögenswerte | €	17.208.051 | €	17.673.876 |
| Verbindlichkeiten |  |  |
| (innerhalb eines Jahres fällige Beträge) |  |  |
| Finanzielle Verbindlichkeiten, erfolgswirksam zum beizulegenden Zeitwert bewertet | 12.937 | 36.527 |
| Noch nicht abgerechnete Käufe von Anlagen | - | 490.479 |
| Zu zahlende Auslagen | 65.032 | 76.169 |
| Sonstige Verbindlichkeiten | 10.572 | 10.572 |
| Summe kurzfristiger Verbindlichkeiten | €	88.541 | €	613.747 |
| Eigenkapital |  |  |
| Den Inhabern von Eigenkapitalanteilen zuzurechnende(s) Kapital und Rücklagen | 17.234.436 | 16.657.074 |
| Gewinnrücklagen | (114.926) | 403.055 |
| Gesamteigenkapital | €	17.119.510 | €	17.060.129 |
| Gesamteigenkapital und Summe kurzfristiger Verbindlichkeiten | €	17.208.051 | €	17.673.876 |

| Putnam Fixed Income Global Alpha Fund |  |  |
| --- | --- | --- |
|  | 31. Dezember 2021 USD | 30. Juni 2021 USD |
| Umlaufvermögen |  |  |
| Finanzielle Vermögenswerte, erfolgswirksam zum beizulegenden Zeitwert bewertet | $	178.968.236 | $	263.567.761 |
| Bankeinlagen | - | 216.732 |
| Als Sicherheit für derivative Finanzinstrumente verpfändete Barmittel | 1.655.630 | 2.580.884 |
| Als Sicherheit für derivative Finanzinstrumente gehaltene Maklergelder | 1.240.000 | 480.000 |
| Forderung aus Kostenerstattung durch die Verwaltungsgesellschaft (Anm. 11) | 49.298 | 32.627 |
| Noch nicht abgerechnete Verkäufe von Anlagen | 27.884.023 | 25.622.530 |
| Auf Swapkontrakte gezahlte Prämie | 1.717.916 | 1.703.909 |
| Zinsforderungen | 1.222.683 | 1.677.562 |
| Summe Vermögenswerte | $	212.737.786 | $	295.882.005 |
| Verbindlichkeiten |  |  |
| (innerhalb eines Jahres fällige Beträge) |  |  |
| Finanzielle Verbindlichkeiten, erfolgswirksam zum beizulegenden Zeitwert bewertet | 40.091.421 | 46.418.935 |
| Noch nicht abgerechnete Käufe von Anlagen | 51.594.324 | 92.345.660 |
| An Kontrahenten fällige Maklergelder für Transaktionen mit derivativen |  |  |
| Finanzinstrumenten | 1.240.000 | 480.000 |
| Auf Swapkontrakte erhaltene Prämie | 1.131.017 | 1.438.165 |
| Noch nicht abgerechnete Anteilsrücknahmen | 6.640 | - |
| Zu zahlende Auslagen | 423.138 | 598.846 |
| Zahlbare Zinsen | 30.000 | 26.569 |
| Überziehungskredit | 1.227.586 | - |
| Summe kurzfristiger Verbindlichkeiten | $	95.744.126 | $	141.308.175 |
| Nettovermögen, das Inhabern rücknahmefähiger gewinnberechtigter Anteile |  |  |
| zuzurechnen ist | $	116.993.660 | $	154.573.830 |

| Putnam Global High Yield Bond Fund |  |  |
| --- | --- | --- |
|  | 31. Dezember 2021 USD | 30. Juni 2021 USD |
| Umlaufvermögen |  |  |
| Finanzielle Vermögenswerte, erfolgswirksam zum beizulegenden Zeitwert bewertet | $	90.663.799 | $	95.682.477 |
| Bankeinlagen | 49.944 | 1.563.179 |
| Als Sicherheit für derivative Finanzinstrumente gehaltene Maklergelder | 510.000 | 250.000 |
| Forderung aus Kostenerstattung durch die Verwaltungsgesellschaft (Anm. 11) | 44.965 | 62.802 |
| Noch nicht abgerechnete Verkäufe von Anlagen | - | 2.450.701 |
| Noch nicht abgerechnete Anteilszeichnungen | - | 42.872 |
| Dividendenforderungen | 3.104 | 4.566 |
| Zinsforderungen | 1.179.314 | 1.277.155 |
| Summe Vermögenswerte | $	92.451.126 | $	101.333.752 |
| Verbindlichkeiten |  |  |
| (innerhalb eines Jahres fällige Beträge) |  |  |
| Finanzielle Verbindlichkeiten, erfolgswirksam zum beizulegenden Zeitwert bewertet | 125.898 | 2.213.355 |
| Noch nicht abgerechnete Käufe von Anlagen | - | 1.384.366 |
| An Kontrahenten fällige Maklergelder für Transaktionen mit derivativen |  | 250.000 |
| Finanzinstrumenten | 510.000 |  |
| Noch nicht abgerechnete Anteilsrücknahmen | 17.039 | 2.467.007 |
| Zu zahlende Auslagen | 342.465 | 416.866 |
| Summe kurzfristiger Verbindlichkeiten | $	995.402 | $	6.731.594 |
| Nettovermögen, das Inhabern rücknahmefähiger gewinnberechtigter Anteile |  |  |
| zuzurechnen ist | $	91.455.724 | $	94.602.158 |

| Putnam Global Technology Fund* |  |
| --- | --- |
|  | 31. Dezember 2021 USD |
| Umlaufvermögen |  |
| Finanzielle Vermögenswerte, erfolgswirksam zum beizulegenden Zeitwert bewertet | $	2.757.032 |
| Bankeinlagen | 123.987 |
| Forderung aus Kostenerstattung durch die Verwaltungsgesellschaft (Anm. 11) | 13.159 |
| Noch nicht abgerechnete Verkäufe von Anlagen | 14.791 |
| Dividendenforderungen | 660 |
| Summe Vermögenswerte | $	2.909.629 |
| Verbindlichkeiten |  |
| (innerhalb eines Jahres fällige Beträge) |  |
| Finanzielle Verbindlichkeiten, erfolgswirksam zum beizulegenden Zeitwert bewertet | 12.665 |
| Zu zahlende Auslagen | 11.393 |
| Sonstige Verbindlichkeiten | 3.290 |
| Summe kurzfristiger Verbindlichkeiten | $	27.348 |
| Nettovermögen, das Inhabern rücknahmefähiger gewinnberechtigter Anteile |  |
| zuzurechnen ist | $	2.882.281 |

* Der Putnam Global Technology Fund wurde am 30. November 2021 aufgelegt. Es liegt keine vergleichende Bilanz zum 30. Juni 2021 vor.
| Putnam Multi-Asset Absolute Return Fund |  |
| --- | --- |
|  | 31. Dezember 2021 USD | 30. Juni 2021 USD |
| Umlaufvermögen |  |  |
| Finanzielle Vermögenswerte, erfolgswirksam zum beizulegenden Zeitwert bewertet | $	2.162.728 | $	36.178.322 |
| Bankeinlagen | 572.880 | 2.988.100 |
| Als Sicherheit für derivative Finanzinstrumente verpfändete Barmittel | 182.215 | 793.480 |
| Als Sicherheit für derivative Finanzinstrumente gehaltene Maklergelder | - | 40.000 |
| Forderung aus Kostenerstattung durch die Verwaltungsgesellschaft (Anm. 11) | 57.554 | 19.252 |
| Noch nicht abgerechnete Verkäufe von Anlagen | 59.561 | 8.260.733 |
| Auf Swapkontrakte gezahlte Prämie | - | 4.568 |
| Dividendenforderungen | 10.779 | 18.162 |
| Zinsforderungen | - | 60.559 |
| Summe Vermögenswerte | $	3.045.717 | $	48.363.176 |
| Verbindlichkeiten |  |  |
| (innerhalb eines Jahres fällige Beträge) |  |  |
| Finanzielle Verbindlichkeiten, erfolgswirksam zum beizulegenden Zeitwert bewertet | 174.617 | 15.396.018 |
| Noch nicht abgerechnete Käufe von Anlagen | 174.560 | 10.479.589 |
| An Kontrahenten fällige Maklergelder für Transaktionen mit derivativen |  |  |
| Finanzinstrumenten | - | 40.000 |
| Auf Swapkontrakte erhaltene Prämie | - | 1.718 |
| Zu zahlende Auslagen | 218.797 | 467.466 |
| Zahlbare Zinsen | 1.508 | 10.764 |
| Summe kurzfristiger Verbindlichkeiten | $	569.482 | $	26.395.555 |
| Nettovermögen, das Inhabern rücknahmefähiger gewinnberechtigter Anteile |  |  |
| zuzurechnen ist | $	2.476.235 | $	21.967.621 |

| Putnam Securitised Credit Fund |  |  |
| --- | --- | --- |
|  | 31. Dezember 2021 USD | 30. Juni 2021 USD |
| Umlaufvermögen |  |  |
| Finanzielle Vermögenswerte, erfolgswirksam zum beizulegenden Zeitwert bewertet | $	355.062.880 | $	562.448.976 |
| Bankeinlagen | 1.387.522 | - |
| Als Sicherheit für derivative Finanzinstrumente verpfändete Barmittel | 4.569.951 | 7.094.672 |
| Als Sicherheit für derivative Finanzinstrumente gehaltene Maklergelder | 790.000 | - |
| Noch nicht abgerechnete Verkäufe von Anlagen | 48.027.486 | 42.352.618 |
| Auf Swapkontrakte gezahlte Prämie | 4.249.495 | 5.921.179 |
| Zinsforderungen | 1.801.614 | 2.450.957 |
| Summe Vermögenswerte | $	415.888.948 | $	620.268.402 |
| Verbindlichkeiten |  |  |
| (innerhalb eines Jahres fällige Beträge) |  |  |
| Finanzielle Verbindlichkeiten, erfolgswirksam zum beizulegenden Zeitwert bewertet | 50.433.637 | 60.851.948 |
| Noch nicht abgerechnete Käufe von Anlagen | 133.134.848 | 218.489.571 |
| An Kontrahenten fällige Maklergelder für Transaktionen mit derivativen |  |  |
| Finanzinstrumenten | 790.000 | - |
| Auf Swapkontrakte erhaltene Prämie | 7.996.931 | 11.481.105 |
| Noch nicht abgerechnete Anteilsrücknahmen | - | 5.085.382 |
| Zu zahlende Auslagen | 447.924 | 673.456 |
| Zahlbare Zinsen | 40.944 | 34.903 |
| Überziehungskredit | - | 1.997.574 |
| Summe kurzfristiger Verbindlichkeiten | $	192.844.284 | $	298.613.939 |
| Nettovermögen, das Inhabern rücknahmefähiger gewinnberechtigter Anteile |  |  |
| zuzurechnen ist | $	223.044.664 | $	321.654.463 |

| Putnam Total Return Fund |  |  |
| --- | --- | --- |
|  | 31. Dezember 2021 USD | 30. Juni 2021 USD |
| Umlaufvermögen |  |  |
| Finanzielle Vermögenswerte, erfolgswirksam zum beizulegenden Zeitwert bewertet | $	15.431.321 | $	83.531.905 |
| Bankeinlagen | 1.185.526 | - |
| Als Sicherheit für derivative Finanzinstrumente verpfändete Barmittel | 630.474 | 2.458.917 |
| Als Sicherheit für derivative Finanzinstrumente gehaltene Maklergelder | - | 160.000 |
| Forderung aus Kostenerstattung durch die Verwaltungsgesellschaft (Anm. 11) | 31.440 | 5.005 |
| Noch nicht abgerechnete Verkäufe von Anlagen | 2.303.329 | 14.382.287 |
| Für Swapkontrakte gezahlte Prämie | - | 55.513 |
| Dividendenforderungen | 12.094 | 24.190 |
| Zinsforderungen | 19.185 | 108.819 |
| Summe Vermögenswerte | $	19.613.369 | $	100.726.636 |
| Verbindlichkeiten |  |  |
| (innerhalb eines Jahres fällige Beträge) |  |  |
| Finanzielle Verbindlichkeiten, erfolgswirksam zum beizulegenden Zeitwert bewertet | 2.717.438 | 17.850.087 |
| Noch nicht abgerechnete Käufe von Anlagen | 6.093 | 8.266.294 |
| An Kontrahenten fällige Maklergelder für Transaktionen mit derivativen |  | 160.000 |
| Finanzinstrumenten | - |  |
| Auf Swapkontrakte erhaltene Prämie | - | 8.057 |
| Noch nicht abgerechnete Anteilsrücknahmen | - | 30.007 |
| Zu zahlende Auslagen | 351.031 | 534.574 |
| Zahlbare Zinsen | 2.000 | 11.472 |
| Überziehungskredit | - | 535.945 |
| Summe kurzfristiger Verbindlichkeiten | $	3.076.562 | $	27.396.436 |
| Nettovermögen, das Inhabern rücknahmefähiger gewinnberechtigter Anteile |  |  |
| zuzurechnen ist | $	16.536.807 | $	73.330.200 |

| Putnam U.S. Large Cap Growth Fund |  |  |
| --- | --- | --- |
|  | 31. Dezember 2021 USD | 30. Juni 2021 USD |
| Umlaufvermögen |  |  |
| Finanzielle Vermögenswerte, erfolgswirksam zum beizulegenden Zeitwert bewertet | $	44.118.344 | $	52.243.023 |
| Bankeinlagen | 592.526 | 1.111.947 |
| Noch nicht abgerechnete Verkäufe von Anlagen | 143.364 | 332.622 |
| Dividendenforderungen | 8.761 | 12.119 |
| Summe Vermögenswerte | $	44.862.995 | $	53.699.711 |
| Verbindlichkeiten |  |  |
| (innerhalb eines Jahres fällige Beträge) |  |  |
| Finanzielle Verbindlichkeiten, erfolgswirksam zum beizulegenden Zeitwert bewertet | 17.551 | 807.567 |
| Noch nicht abgerechnete Käufe von Anlagen | 685.464 | 274.125 |
| Zu zahlende Auslagen | 246.279 | 293.272 |
| Summe kurzfristiger Verbindlichkeiten | $	949.294 | $	1.374.964 |
| Nettovermögen, das Inhabern rücknahmefähiger gewinnberechtigter Anteile |  |  |
| zuzurechnen ist | $	43.913.701 | $	52.324.747 |

| Putnam Ultra Short Duration Income Fund |  |  |
| --- | --- | --- |
|  | 31. Dezember 2021 USD | 30. Juni 2021 USD |
| Umlaufvermögen |  |  |
| Finanzielle Vermögenswerte, erfolgswirksam zum beizulegenden Zeitwert | 1.031.842.649 | 1.184.233.145 |
| bewertet | $ | $ |
| Bankeinlagen | 20.143 | 994.911 |
| Forderung aus Kostenerstattung durch die Verwaltungsgesellschaft (Anm. 11) | 424.196 | 619.211 |
| Noch nicht abgerechnete Verkäufe von Anlagen | - | 445.906 |
| Noch nicht abgerechnete Anteilszeichnungen | 820.208 | 349.365 |
| Zinsforderungen | 1.673.285 | 1.476.490 |
| Summe Vermögenswerte | $	1.034.780.481 | $	1.188.119.028 |
| Verbindlichkeiten |  |  |
| (innerhalb eines Jahres fällige Beträge) |  |  |
| Noch nicht abgerechnete Käufe von Anlagen | - | 14.808.475 |
| Noch nicht abgerechnete Anteilsrücknahmen | 605.814 | 425.102 |
| Zu zahlende Auslagen | 2.443.586 | 3.533.570 |
| Zahlbare Ausschüttungen | 5.033 | 8.777 |
| Summe kurzfristiger Verbindlichkeiten | $	3.054.433 | $	18.775.924 |
| Nettovermögen, das Inhabern rücknahmefähiger gewinnberechtigter Anteile |  |  |
| zuzurechnen ist | $	1.031.726.048 | $	1.169.343.104 |