| Security name | Curren cy | Qty No. or nominal | Actual value | % of net assets |
| --- | --- | --- | --- | --- |
| Bonds and equivalent securities |  |  |  |  |
| Bonds and equivalent securities traded on a |  |  |  |  |
| regulated or equivalent market |  |  |  |  |
| GERMANY |  |  |  |  |
| CMZB FRANCFORT 1.375% 29-12-31 | EUR | 1,600,000 | 1,567,654.44 | 0.19 |
| CMZB FRANCFORT 6.5% PERP | EUR | 4,200,000 | 5,057,649.21 | 0.62 |
| DEUTSC 4.5% 19-05-26 EMTN | EUR | 3,000,000 | 3,512,328.49 | 0.43 |
| DEUTSCHE BK 0.75% 17-02-27 | EUR | 2,000,000 | 2,011,911.78 | 0.25 |
| DEUTSCHE BK 4.625% PERP | EUR | 2,000,000 | 2,097,771.64 | 0.26 |
| DEUTSCHE BK 5.625% 19-05-31 | EUR | 3,000,000 | 3,620,085.62 | 0.44 |
| DEUTSCHE LUFTHANSA AG 2.875% 16-05-27 | EUR | 2,000,000 | 1,964,047.18 | 0.24 |
| FRESENIUS SE ZCP 31-01-24 | EUR | 5,000,000 | 4,988,600.00 | 0.61 |
| TECHEM VERWALTUNGSGESELLSCHAFT 675 MBH 2.0% 15-07- 25 | EUR | 3,300,000 | 3,294,023.33 | 0.40 |
| ZF FINANCE 2.25% 03-05-28 EMTN | EUR | 5,700,000 | 5,699,953.93 | 0.70 |
| TOTAL GERMANY |  |  | 33,814,025.62 | 4.14 |
| BELGIUM |  |  |  |  |
| KBC GROUPE 0.625% 07-12-31 | EUR | 2,000,000 | 1,967,958.90 | 0.24 |
| TOTAL BELGIUM |  |  | 1,967,958.90 | 0.24 |
| DENMARK |  |  |  |  |
| TDC AS 5.0% 02-03-22 EMTN | EUR | 5,000,000 | 5,258,883.90 | 0.64 |
| TOTAL DENMARK |  |  | 5,258,883.90 | 0.64 |
| SPAIN |  |  |  |  |
| BANC DE 5.625% 06-05-26 EMTN | EUR | 4,000,000 | 4,727,754.52 | 0.58 |
| BANCO DE BADELL 1.125% 27-03-25 | EUR | 8,100,000 | 8,216,968.88 | 1.00 |
| BANCO DE SABADELL SA 6.5% PERP | EUR | 2,800,000 | 2,879,818.57 | 0.36 |
| BANCO NTANDER 2.25% 04-10-32 | GBP | 1,500,000 | 1,768,281.74 | 0.22 |
| BANCO NTANDER 3.625% PERP | EUR | 7,000,000 | 6,537,473.06 | 0.80 |
| GRIFOLS 1.625% 15-02-25 | EUR | 2,400,000 | 2,400,178.33 | 0.29 |
| GRIFOLS 3.2% 01-05-25 | EUR | 11,539,000 | 11,601,241.37 | 1.42 |
| TOTAL SPAIN |  |  | 38,131,716.47 | 4.67 |
| UNITED STATES |  |  |  |  |
| ALBERTSONS COMPANIES INCSAFEWAY INCNEW 3.25% 15- 03-26 | USD | 1,290,000 | 1,166,796.92 | 0.14 |
| AMGEN 2.0% 15/01/32 | USD | 2,000,000 | 1,717,447.34 | 0.21 |
| BERRY PLASTICS 1.5% 15-01-27 | EUR | 2,500,000 | 2,570,741.58 | 0.31 |
| BK AMERICA E3R+1.0% 22-09-26 | EUR | 7,500,000 | 7,632,365.83 | 0.94 |
| CCO HOLDLLCCCO HOLD CAPITAL 4.25% 01-02-31 | USD | 2,000,000 | 1,805,913.65 | 0.22 |
| CHARTER COMMUNICATIONS OPERATING LLC C 3.5% 01-03- 42 | USD | 2,000,000 | 1,720,659.90 | 0.22 |
| CYRUSONE LP CYRUSONE FIN 1.45% 22-01-27 | EUR | 5,000,000 | 5,188,924.66 | 0.63 |
| DEUTSCHE BK NEW YORK 2.129% 24-11-26 | USD | 4,000,000 | 3,525,766.99 | 0.43 |
| FORD MOTOR CREDIT 3.37% 17-11-23 | USD | 2,500,000 | 2,277,017.51 | 0.28 |
| FORD MOTOR CREDIT 3.625% 17-06-31 | USD | 4,000,000 | 3,697,843.14 | 0.45 |
| FRESENIUS MEDICAL CARE US FINANCE III 3.0% 01-12-31 | USD | 6,000,000 | 5,348,742.53 | 0.65 |
| FRESENIUS MEDICAL CARE US FINANCE III 3.0% 01-12-31 | USD | 1,000,000 | 890,208.41 | 0.11 |
| KB HOME 7.5% 15/09/2022 | USD | 10,000,000 | 9,387,955.79 | 1.15 |
| KRAF HEIN FOO 2.25% 25-05-28 | EUR | 4,000,000 | 4,338,912.88 | 0.54 |
| KRAFT HEINZ FOODS 3.75% 01-04-30 | USD | 2,500,000 | 2,396,553.38 | 0.29 |
| KRAFT HEINZ FOODS 3.875% 15-05-27 | USD | 5,000,000 | 4,775,233.05 | 0.58 |
| LENNAR COR 4.75% 15-11-22 | USD | 7,500,000 | 6,791,007.15 | 0.84 |

Translation (ENDE, 2021-12-31):
| Bezeichnung der Wertpapiere | Währung | Stückzahl/ Nennwert | Zeitwert | % Nettovermögen |
| --- | --- | --- | --- | --- |
| Anleihen und ähnliche Wertpapiere |  |  |  |  |
| An einem geregelten oder gleichwertigen Markt gehandelte Anleihen |  |  |  |  |
| und ähnliche Wertpapiere |  |  |  |  |
| DEUTSCHLAND |  |  |  |  |
| CMZB FRANCFORT 1.375% 29-12-31 | EUR | 1 600 000 | 1 567 654,44 | 0,19 |
| CMZB FRANCFORT 6.5% PERP | EUR | 4 200 000 | 5 057 649,21 | 0,62 |
| DEUTSC 4.5% 19-05-26 EMTN | EUR | 3 000 000 | 3 512 328,49 | 0,43 |
| DEUTSCHE BK 0.75% 17-02-27 | EUR | 2 000 000 | 2 011 911,78 | 0,25 |
| DEUTSCHE BK 4.625% PERP | EUR | 2 000 000 | 2 097 771,64 | 0,26 |
| DEUTSCHE BK 5.625% 19-05-31 | EUR | 3 000 000 | 3 620 085,62 | 0,44 |
| DEUTSCHE LUFTHANSA AG 2.875% 16-05-27 | EUR | 2 000 000 | 1 964 047,18 | 0,24 |
| FRESENIUS SE ZCP 31-01-24 | EUR | 5 000 000 | 4 988 600,00 | 0,61 |
| TECHEM VERWALTUNGSGESELLSCHAFT 675 MBH 2.0% 15-07- 25 | EUR | 3 300 000 | 3 294 023,33 | 0,40 |
| ZF FINANCE 2.25% 03-05-28 EMTN | EUR | 5 700 000 | 5 699 953,93 | 0,70 |
| DEUTSCHLAND INSGESAMT |  |  | 33 814 025,62 | 4,14 |
| BELGIEN |  |  |  |  |
| KBC GROUPE 0.625% 07-12-31 | EUR | 2 000 000 | 1 967 958,90 | 0,24 |
| BELGIEN INSGESAMT |  |  | 1 967 958,90 | 0,24 |
| DÄNEMARK |  |  |  |  |
| TDC AS 5.0% 02-03-22 EMTN | EUR | 5 000 000 | 5 258 883,90 | 0,64 |
| DÄNEMARK INSGESAMT |  |  | 5 258 883,90 | 0,64 |
| SPANIEN |  |  |  |  |
| BANC DE 5.625% 06-05-26 EMTN | EUR | 4 000 000 | 4 727 754,52 | 0,58 |
| BANCO DE BADELL 1.125% 27-03-25 | EUR | 8 100 000 | 8 216 968,88 | 1,00 |
| BANCO DE SABADELL SA 6.5% PERP | EUR | 2 800 000 | 2 879 818,57 | 0,36 |
| BANCO NTANDER 2.25% 04-10-32 | GBP | 1 500 000 | 1 768 281,74 | 0,22 |
| BANCO NTANDER 3.625% PERP | EUR | 7 000 000 | 6 537 473,06 | 0,80 |
| GRIFOLS 1.625% 15-02-25 | EUR | 2 400 000 | 2 400 178,33 | 0,29 |
| GRIFOLS 3.2% 01-05-25 | EUR | 11 539 000 | 11 601 241,37 | 1,42 |
| SPANIEN INSGESAMT |  |  | 38 131 716,47 | 4,67 |
| USA |  |  |  |  |
| ALBERTSONS COMPANIES INCSAFEWAY INCNEW 3.25% 15- 03-26 | USD | 1 290 000 | 1 166 796,92 | 0,14 |
| AMGEN 2.0% 15-01-32 | USD | 2 000 000 | 1 717 447,34 | 0,21 |
| BERRY PLASTICS 1.5% 15-01-27 | EUR | 2 500 000 | 2 570 741,58 | 0,31 |
| BK AMERICA E3R+1.0% 22-09-26 | EUR | 7 500 000 | 7 632 365,83 | 0,94 |
| CCO HOLDLLCCCO HOLD CAPITAL 4.25% 01-02-31 | USD | 2 000 000 | 1 805 913,65 | 0,22 |
| CHARTER COMMUNICATIONS OPERATING LLC C 3.5% 01-03- 42 | USD | 2 000 000 | 1 720 659,90 | 0,22 |
| CYRUSONE LP CYRUSONE FIN 1.45% 22-01-27 | EUR | 5 000 000 | 5 188 924,66 | 0,63 |
| DEUTSCHE BK NEW YORK 2.129% 24-11-26 | USD | 4 000 000 | 3 525 766,99 | 0,43 |
| FORD MOTOR CREDIT 3.37% 17-11-23 | USD | 2 500 000 | 2 277 017,51 | 0,28 |
| FORD MOTOR CREDIT 3.625% 17-06-31 | USD | 4 000 000 | 3 697 843,14 | 0,45 |
| FRESENIUS MEDICAL CARE US FINANCE III 3.0% 01-12-31 | USD | 6 000 000 | 5 348 742,53 | 0,65 |
| FRESENIUS MEDICAL CARE US FINANCE III 3.0% 01-12-31 | USD | 1 000 000 | 890 208,41 | 0,11 |
| KB HOME 7.5% 15/09/2022 | USD | 10 000 000 | 9 387 955,79 | 1,15 |
| KRAF HEIN FOO 2.25% 25-05-28 | EUR | 4 000 000 | 4 338 912,88 | 0,54 |
| KRAFT HEINZ FOODS 3.75% 01-04-30 | USD | 2 500 000 | 2 396 553,38 | 0,29 |
| KRAFT HEINZ FOODS 3.875% 15-05-27 | USD | 5 000 000 | 4 775 233,05 | 0,58 |
| LENNAR COR 4.75% 15-11-22 | USD | 7 500 000 | 6 791 007,15 | 0,84 |