# Contents
Allianz Rentenfonds
Fund Assets in %
25
20
15
10
5
0
Belgium	Germany	France	UK	Ireland	Italy	The
Nether- lands
Portugal	Spain	USA	Other
countries
Cash reserves, other assets

#### Development of net assets and unit value in a 3-year comparison
|  | 31/05/2020 | 30/11/2019 | 30/11/2018 | 30/11/2017 |
| --- | --- | --- | --- | --- |
| Net assets in EUR m |  |  |  |  |  |
| - Unit class A (EUR) | WKN: 847 140/ISIN: DE0008471400 | 1,298.4 | 1,088.2 | 1,025.1 | 1,084.5 |
| - Unit class IT2 (EUR) | WKN: A2A MPP/ISIN: DE000A2AMPP5 | 0.3 | 0.2 | 0.1 | 0.1 |
| - Unit class P (EUR) | WKN: 979 741/ISIN: DE0009797415 | 57.3 | 21.5 | 4.9 | 4.5 |
| - Unit class P2 (EUR) | WKN: 979 765/ISIN: DE0009797654 | 29.9 | 28.1 | 23.5 | 17.4 |
| - Unit class R (EUR) | WKN: A2D U1G/ISIN: DE000A2DU1G9 | 12,343.36  1) | 3,636.44  1) | 977.82  1) | 1,000.36  1) |
| Unit value in EUR |  |  |  |  |  |
| - Unit class A (EUR) | WKN: 847 140/ISIN: DE0008471400 | 86.97 | 88.52 | 83.25 | 86.54 |
| - Unit class IT2 (EUR) | WKN: A2A MPP/ISIN: DE000A2AMPP5 | 1,027.67 | 1,035.50 | 960.34 | 985.73 |
| - Unit class P (EUR) | WKN: 979 741/ISIN: DE0009797415 | 1,212.99 | 1,236.65 | 1,163.02 | 1,208.31 |
| - Unit class P2 (EUR) | WKN: 979 765/ISIN: DE0009797654 | 98.10 | 100.01 | 94.06 | 97.74 |
| - Unit class R (EUR) | WKN: A2D U1G/ISIN: DE000A2DU1G9 | 102.11 | 103.99 | 97.78 | 100.04 |

1) 
Not shown in EUR million due to the fund’s low volume.
| Asset overview at 31/05/2020 |  |
| --- | --- |
| Breakdown by asset category – country | Market value in EUR | % of net assets  *) |  | Breakdown by asset category – currency | Market value in EUR | % of net assets  *) |
| I. Assets |  |  |  | I. Assets |  |  |
| 1. Bonds | 1,325,656,034.87 | 95.66 |  | 1. Bonds | 1,325,656,034.87 | 95.66 |
| Germany | 219,364,244.15 | 15.84 |  | EUR | 1,313,250,191.66 | 94.76 |
| France | 262,020,738.18 | 18.94 |  | USD | 12,405,843.21 | 0.90 |
| The Netherlands | 86,209,697.79 | 6.22 |  | 2. Investment units | 11,303,453.13 | 0.82 |
| Italy | 216,788,655.45 | 15.65 |  | EUR | 11,303,453.13 | 0.82 |
| Ireland | 18,545,160.45 | 1.33 |  | 3. Derivatives | -156,962.79 | -0.01 |
| Denmark | 6,126,770.29 | 0.44 |  | 4. Bank deposits, money market | 45,092,266.58 | 3.24 |
| Portugal | 50,911,412.91 | 3.66 |  | instruments, money market funds and |  |  |
| Spain | 144,114,318.99 | 10.40 |  | money market-related funds |  |  |

| Belgium | 57,206,558.44 | 4.12 |
| --- | --- | --- |
| Luxembourg | 13,809,590.49 | 0.98 |
| Norway | 5,439,133.52 | 0.39 |
| Sweden | 7,868,817.39 | 0.57 |
| Finland | 12,664,108.70 | 0.91 |
| Austria | 22,600,604.21 | 1.63 |
| Switzerland | 6,122,552.69 | 0.44 |
| Lithuania | 1,020,532.70 | 0.07 |
| Poland | 1,408,512.11 | 0.10 |
| Slovakia | 6,304,927.95 | 0.46 |
| Hungary | 2,418,810.77 | 0.17 |
| Romania | 6,702,208.56 | 0.49 |
| UK | 24,748,672.85 | 1.78 |
| USA | 53,331,504.76 | 3.85 |
| Canada | 18,847,504.59 | 1.36 |
| Mexico | 4,290,138.21 | 0.31 |
| Japan | 1,712,507.83 | 0.12 |
| Australia | 3,407,863.51 | 0.25 |
| Others | 71,670,487.38 | 5.18 |
| 2. Investment units | 11,303,453.13 | 0.82 |
| Luxembourg | 11,303,453.13 | 0.82 |
| 3. Derivatives | -156,962.79 | -0.01 |
| 4. Bank deposits, money market instruments, money market funds and | 45,092,266.58 | 3.24 |
| money market-related funds |  |  |
| 5. Other assets | 11,192,760.46 | 0.81 |
| II. Liabilities | -7,227,495.21 | -0.52 |
| III. Fund assets | 1,385,860,057.04 | 100.00 |

| 5. Other assets | 11,192,760.46 | 0.81 |
| --- | --- | --- |
| II. Liabilities | -7,227,495.21 | -0.52 |
| III. Fund assets | 1,385,860,057.04 | 100.00 |

*) 
Minor rounding differences may be the result of percentage rounding during the calculation.

#### Investment portfolio at 31/05/2020
ISIN	Securities	Market	Shares/	Balance   Purchases Redemptions	Price	Market value	% of net
Units/	31/05/2020	EUR	assets
Currency	in the period under review
| Exchange-traded securities |  |  |  |  |  |  | 1,215,812,416.26 | 87.71 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Interest-bearing securities |  |  |  |  |  |  | 1,215,812,416.26 | 87.71 |
| EUR bonds |  |  |  |  |  |  | 1,215,812,416.26 | 87.71 |
| XS2055646918	0.7500 % AbbVie Inc. Notes 19/27 XS2113911387	1.2500 % Abertis Infraestructuras | EUR | 2,150,000 | 0 | 0 | % | 98.540 | 2,118,613.66 | 0.15 |
| S.A. MTN 20/28 | EUR | 1,900,000 | 1,900,000 | 0 | % | 89.883 | 1,707,773.39 | 0.12 |
| XS2113700921	0.5000 % ACEA S.p.A. MTN 20/29 | EUR | 2,400,000 | 2,400,000 | 0 | % | 92.664 | 2,223,939.60 | 0.16 |
| XS2175967343	1.5000 % Achmea B.V. MTN 20/27 | EUR | 3,450,000 | 3,450,000 | 0 | % | 100.961 | 3,483,165.54 | 0.25 |
| BE6317598850	3.8750 % AGEAS SA/NV FLR Notes 19/Und. FR0013312774	1.0000 % Agence Française | EUR | 3,000,000 | 3,000,000 | 0 | % | 91.983 | 2,759,496.30 | 0.20 |
| Développement MTN 18/28  2) FR0013483526	0.0000 % Agence Française | EUR | 2,800,000 | 0 | 0 | % | 106.816 | 2,990,848.00 | 0.22 |
| Développement MTN 20/25 | EUR | 1,500,000 | 1,500,000 | 0 | % | 100.691 | 1,510,363.05 | 0.11 |
| XS2080767010	1.8750 % AIB Group PLC FLR MTN 19/29 | EUR | 3,000,000 | 3,000,000 | 0 | % | 93.685 | 2,810,547.00 | 0.20 |
| XS2156598281	1.6250 % Akzo Nobel N.V. MTN 20/30 XS1686846061	1.6250 % Anglo American | EUR | 950,000 | 950,000 | 0 | % | 105.066 | 998,126.43 | 0.07 |
| Capital PLC MTN 17/25 BE6312821612	1.1250 % Anheuser-Busch InBev | EUR | 3,400,000 | 3,000,000 | 0 | % | 100.256 | 3,408,691.42 | 0.25 |
| S.A./N.V. MTN 19/27 BE6320934266	2.1250 % Anheuser-Busch InBev | EUR | 1,800,000 | 0 | 0 | % | 100.562 | 1,810,116.90 | 0.13 |
| S.A./N.V. MTN 20/27 | EUR | 1,450,000 | 1,450,000 | 0 | % | 107.342 | 1,556,459.73 | 0.11 |
| XS2082323630	1.0000 % ArcelorMittal S.A. MTN 19/23 | EUR | 800,000 | 0 | 700,000 | % | 96.571 | 772,567.04 | 0.06 |
| XS1936308391	2.2500 % ArcelorMittal S.A. MTN 19/24 XS1115800655	5.0000 % ASR Nederland N.V. | EUR | 1,450,000 | 0 | 0 | % | 99.816 | 1,447,334.47 | 0.10 |
| FLR Securities 14/Und. XS2056491587	2.1240 % Assicurazioni Generali | EUR | 1,785,000 | 0 | 0 | % | 108.257 | 1,932,387.81 | 0.14 |
| S.p.A. MTN 19/30  2) | EUR | 950,000 | 0 | 0 | % | 94.864 | 901,210.38 | 0.07 |
| XS2051361264	0.2500 % AT & T Inc. Notes 19/26 XS1701458017	0.2500 % Autobahnen-Schnellstr.- | EUR | 3,000,000 | 3,000,000 | 0 | % | 95.535 | 2,866,044.60 | 0.21 |
| Fin.-AG MTN 17/24 | EUR | 1,750,000 | 0 | 0 | % | 102.167 | 1,787,916.55 | 0.13 |
| XS1533922263	1.2500 % Avery Dennison Corp. Notes 17/25  2) FR0013406154	0.7500 % AXA Bank Europe | EUR | 2,000,000 | 0 | 300,000 | % | 100.092 | 2,001,845.80 | 0.14 |
| SCF MT Obl.Fonc. 19/29 XS1820037270	1.3750 % Banco Bilbao Vizcaya | EUR | 1,600,000 | 0 | 0 | % | 107.362 | 1,717,784.64 | 0.12 |
| Argent. Non-Pref. MTN 18/25 XS1956973967	1.1250 % Banco Bilbao Vizcaya | EUR | 1,100,000 | 0 | 0 | % | 100.397 | 1,104,367.77 | 0.08 |
| Argent. Non-Pref. MTN 19/24 XS2058729653	0.3750 % Banco Bilbao Vizcaya | EUR | 1,100,000 | 0 | 0 | % | 99.849 | 1,098,342.63 | 0.08 |
| Argent. Non-Pref. MTN 19/24 XS2013745703	1.0000 % Banco Bilbao Vizcaya | EUR | 1,600,000 | 0 | 0 | % | 96.057 | 1,536,915.36 | 0.11 |
| Argent. Non-Pref. MTN 19/26 | EUR | 1,000,000 | 0 | 0 | % | 97.928 | 979,284.70 | 0.07 |
| PTBPIAOM0026	0.2500 % Banco BPI S.A. Covered MTN 19/24 IT0005321663	1.0000 % Banco BPM S.p.A. MT | EUR | 1,000,000 | 0 | 0 | % | 101.380 | 1,013,802.60 | 0.07 |
| Mortg. Cov. Bds 18/25  2) PTBCPIOM0057	0.7500 % Banco Com. Português | EUR | 2,000,000 | 0 | 0 | % | 102.943 | 2,058,858.60 | 0.15 |
| SA (BCP) Obr. Hipotec. 17/22 XS2076079594	0.6250 % Banco de Sabadell S.A. | EUR | 2,900,000 | 0 | 0 | % | 101.447 | 2,941,958.07 | 0.21 |
| FLR Preferred MTN 19/25 | EUR | 900,000 | 0 | 0 | % | 92.406 | 831,651.39 | 0.06 |
| XS1876076040	1.6250 % Banco de Sabadell S.A. MTN 18/24 XS1991397545	1.7500 % Banco de Sabadell S.A. | EUR | 1,700,000 | 0 | 0 | % | 97.085 | 1,650,450.61 | 0.12 |
| Non-Preferred MTN 19/24 XS1751004232	1.1250 % Banco Santander S.A. | EUR | 3,000,000 | 0 | 0 | % | 92.119 | 2,763,577.80 | 0.20 |
| Non-Pref. MTN 18/25  2) XS2063247915	0.3000 % Banco Santander S.A. | EUR | 2,100,000 | 0 | 0 | % | 100.851 | 2,117,871.00 | 0.15 |
| Preferred MTN 19/26 | EUR | 1,200,000 | 0 | 0 | % | 98.006 | 1,176,071.16 | 0.08 |
| XS1991265395	1.3810 % Bank of America Corp. FLR MTN 19/30 XS2082969655	1.0000 % Bank of Ireland Group | EUR | 2,500,000 | 0 | 0 | % | 102.126 | 2,553,151.00 | 0.18 |
| PLC FLR MTN 19/25 XS2065555562	2.3750 % Bank of Ireland Group | EUR | 3,000,000 | 3,000,000 | 0 | % | 95.374 | 2,861,206.80 | 0.21 |
| PLC FLR MTN 19/29 | EUR | 1,000,000 | 0 | 0 | % | 96.009 | 960,093.30 | 0.07 |
| XS1757394322	1.3750 % Barclays PLC FLR MTN 18/26 | EUR | 1,100,000 | 0 | 0 | % | 99.577 | 1,095,341.94 | 0.08 |
| XS2082324364	0.7500 % Barclays PLC FLR MTN 19/25 DE000BLB6JH4	0.7500 % Bayerische Landesbank | EUR | 2,000,000 | 2,000,000 | 0 | % | 97.130 | 1,942,609.00 | 0.14 |
| Öff.-Pfe. 19/29 | EUR | 2,950,000 | 0 | 0 | % | 107.557 | 3,172,932.68 | 0.23 |

Explanations can be found in the footnotes below the table.

#### Investment portfolio at 31/05/2020
ISIN	Securities	Market	Shares/	Balance   Purchases Redemptions	Price	Market value	% of net
Units/	31/05/2020	EUR	assets
Currency	in the period under review
| IT0005386922 | 0.8750 % Bca Monte dei Paschi di |  |
| --- | --- | --- |
| XS2002532724 | Siena Mortg.Cov. MTN 19/26 1.2080 % Becton Dickinson Euro | EUR | 600,000 | 0 | 0 | % | 98.418 | 590,505.96 | 0.04 |
|  | Fin.Sarl Notes 19/26 | EUR | 1,300,000 | 0 | 0 | % | 98.204 | 1,276,651.35 | 0.09 |
| XS2010447238 | 0.7500 % BMW Finance N.V. MTN 19/26 | EUR | 1,500,000 | 0 | 0 | % | 100.907 | 1,513,608.00 | 0.11 |
| XS1508377584 | 0.8750 % BNG Bank N.V. MTN 16/36 | EUR | 2,000,000 | 2,000,000 | 0 | % | 110.649 | 2,212,972.20 | 0.16 |
| XS1807469199 | 0.5000 % BNG Bank N.V. MTN 18/25 | EUR | 2,550,000 | 0 | 0 | % | 103.231 | 2,632,398.92 | 0.19 |
| FR0013476611 | 1.1250 % BNP Paribas S.A. FLR MTN 20/32 | EUR | 2,700,000 | 2,700,000 | 0 | % | 95.115 | 2,568,111.48 | 0.19 |
| XS1325645825 | 2.7500 % BNP Paribas S.A. MTN 15/26 | EUR | 1,000,000 | 0 | 0 | % | 107.220 | 1,072,204.00 | 0.08 |
| FR0013431277 | 1.6250 % BNP Paribas S.A. MTN 19/31 | EUR | 1,400,000 | 0 | 0 | % | 97.926 | 1,370,967.92 | 0.10 |
| FR0013507654 | 1.1250 % Bouygues S.A. Bonds 20/28 | EUR | 1,000,000 | 1,000,000 | 0 | % | 102.287 | 1,022,869.40 | 0.07 |
| FR0013063385 | 2.7500 % BPCE S.A. FLR MTN 15/27  2) | EUR | 1,500,000 | 0 | 0 | % | 103.060 | 1,545,893.40 | 0.11 |
| FR0013412343 XS1587911451 | 1.0000 % BPCE S.A. Non-Preferred MTN 19/25 2.6250 % Bque Fédérative du | EUR | 1,000,000 | 0 | 0 | % | 100.247 | 1,002,471.10 | 0.07 |
| FR0013412947 | Cr. Mutuel MTN 17/27 0.7500 % Bque Fédérative du Cr. | EUR | 1,000,000 | 0 | 0 | % | 105.219 | 1,052,192.40 | 0.08 |
| XS1637333748 | Mutuel Preferred MTN 19/26 1.5000 % British Telecommunications | EUR | 1,700,000 | 0 | 0 | % | 101.554 | 1,726,422.59 | 0.12 |
|  | PLC MTN 17/27 | EUR | 1,550,000 | 0 | 0 | % | 102.076 | 1,582,175.68 | 0.11 |
| DE0001135473 | 1.7500 % Bundesrep.Deutschland Anl. 12/22  2) | EUR | 16,000,000 | 0 | 0 | % | 104.998 | 16,799,680.00 | 1.21 |
| DE0001135481 | 2.5000 % Bundesrep.Deutschland Anl. 12/44 | EUR | 3,000,000 | 0 | 0 | % | 163.096 | 4,892,879.70 | 0.35 |
| DE0001102358 | 1.5000 % Bundesrep.Deutschland Anl. 14/24 | EUR | 9,000,000 | 6,450,000 | 0 | % | 108.615 | 9,775,350.00 | 0.71 |
| DE0001102341 | 2.5000 % Bundesrep.Deutschland Anl. 14/46 | EUR | 8,000,000 | 2,000,000 | 0 | % | 167.181 | 13,374,480.00 | 0.97 |
| DE0001102390 | 0.5000 % Bundesrep.Deutschland Anl. 16/26  2) | EUR | 8,000,000 | 2,000,000 | 0 | % | 106.524 | 8,521,920.00 | 0.61 |
| DE0001102408 | 0.0000 % Bundesrep.Deutschland Anl. 16/26  2) | EUR | 5,000,000 | 5,000,000 | 0 | % | 103.823 | 5,191,150.00 | 0.37 |
| DE0001102416 | 0.2500 % Bundesrep.Deutschland Anl. 17/27  2) | EUR | 4,035,000 | 0 | 0 | % | 105.722 | 4,265,882.70 | 0.31 |
| DE0001102424 | 0.5000 % Bundesrep.Deutschland Anl. 17/27 | EUR | 3,000,000 | 2,400,000 | 0 | % | 107.849 | 3,235,455.00 | 0.23 |
| DE0001102440 | 0.5000 % Bundesrep.Deutschland Anl. 18/28  2) | EUR | 12,000,000 | 10,000,000 | 5,000,000 | % | 108.201 | 12,984,120.00 | 0.94 |
| DE0001102465 | 0.2500 % Bundesrep.Deutschland Anl. 19/29  2) | EUR | 26,000,000 | 31,000,000 | 11,000,000 | % | 106.648 | 27,728,477.40 | 2.00 |
| DE0001102481 | 0.0000 % Bundesrep.Deutschland Anl. 19/50  2) | EUR | 2,000,000 | 2,000,000 | 0 | % | 99.798 | 1,995,959.80 | 0.14 |
| DE0001102499 DE0001141786 | 0.0000 % Bundesrep.Deutschland Anl. 20/30  2) 0.0000 % Bundesrep.Deutschland | EUR | 23,000,000 | 23,000,000 | 0 | % | 104.306 | 23,990,377.70 | 1.73 |
|  | Bundesobl. S.178 18/23 | EUR | 10,000,000 | 0 | 0 | % | 102.216 | 10,221,600.00 | 0.74 |
| FR0013460607 FR0012159812 | 1.1250 % Bureau Veritas SA Notes 19/27  2) 1.3750 % Cais. d’Amort.de la | EUR | 1,200,000 | 0 | 0 | % | 94.707 | 1,136,480.88 | 0.08 |
| FR0013463551 | Dette Soc. MTN 14/24  2) 0.0100 % Caisse Refinancement | EUR | 2,000,000 | 2,000,000 | 0 | % | 107.498 | 2,149,966.80 | 0.16 |
| FR0013480522 | l’Habitat Covered Bonds 19/26  2) 0.0100 % Caisse Refinancement | EUR | 2,000,000 | 0 | 0 | % | 101.054 | 2,021,071.20 | 0.15 |
| PTCMGTOM0029 | l’Habitat Covered Bonds 20/28 0.8750 % Caixa Económica Montepio | EUR | 1,400,000 | 1,400,000 | 0 | % | 100.956 | 1,413,382.32 | 0.10 |
|  | Geral MT Obr. Hip. 17/22 | EUR | 2,100,000 | 0 | 0 | % | 101.583 | 2,133,243.84 | 0.15 |
| XS1565131213 XS2055758804 | 3.5000 % Caixabank S.A. FLR MTN 17/27 0.6250 % Caixabank S.A. Non- | EUR | 500,000 | 0 | 0 | % | 101.187 | 505,937.30 | 0.04 |
| XS2013574038 | Preferred MTN 19/24 1.3750 % Caixabank S.A. Non- | EUR | 3,000,000 | 3,000,000 | 0 | % | 95.316 | 2,859,470.70 | 0.21 |
| XS2025468542 | Preferred MTN 19/26 0.0400 % Canadian Imperial Bk of | EUR | 1,300,000 | 0 | 0 | % | 96.844 | 1,258,966.67 | 0.09 |
|  | Comm. MT Cov. Bonds 19/27 | EUR | 2,900,000 | 0 | 0 | % | 100.230 | 2,906,660.72 | 0.21 |
| FR0013507860 | 2.0000 % Capgemini SE Notes 20/29 | EUR | 2,000,000 | 2,000,000 | 0 | % | 105.470 | 2,109,401.00 | 0.15 |
| XS2016228087 | 0.8750 % Carlsberg Breweries A/S MTN 19/29 | EUR | 1,350,000 | 0 | 0 | % | 99.318 | 1,340,793.00 | 0.10 |
| FR0013142536 | 2.3750 % Carmila S.A.S. Notes 16/24  2) | EUR | 1,000,000 | 0 | 0 | % | 98.588 | 985,879.40 | 0.07 |
| FR0013321536 IT0005346579 | 2.1250 % Carmila S.A.S. Obl. 18/28 2.1250 % Cassa Depositi e | EUR | 2,000,000 | 0 | 0 | % | 94.756 | 1,895,111.00 | 0.14 |
| IT0005366460 | Prestiti SpA MTN 18/23  2) 2.1250 % Cassa Depositi e | EUR | 3,000,000 | 0 | 0 | % | 103.840 | 3,115,214.70 | 0.22 |
| IT0005399586 | Prestiti SpA MTN 19/26 1.0000 % Cassa Depositi e | EUR | 2,000,000 | 0 | 0 | % | 104.354 | 2,087,083.60 | 0.15 |
|  | Prestiti SpA MTN 20/30  2) | EUR | 1,200,000 | 1,200,000 | 0 | % | 93.121 | 1,117,449.24 | 0.08 |
| XS2102934697 FR0012447696 | 1.0000 % Cellnex Telecom S.A. MTN 20/27  2) 0.7500 % Cie de Financement | EUR | 900,000 | 900,000 | 0 | % | 93.766 | 843,898.32 | 0.06 |
| FR0013162302 | Foncier MT Obl. Fonc. 15/25 0.5000 % Cie de Financement | EUR | 3,000,000 | 0 | 0 | % | 104.313 | 3,129,400.50 | 0.23 |
|  | Foncier MT Obl. Fonc. 16/24 | EUR | 500,000 | 0 | 0 | % | 102.925 | 514,624.95 | 0.04 |

Explanations can be found in the footnotes below the table.

#### Investment portfolio at 31/05/2020
ISIN	Securities	Market	Shares/	Balance   Purchases Redemptions	Price	Market value	% of net
Units/	31/05/2020	EUR	assets
Currency	in the period under review
| FR0013256427 | 0.2000 % Cie de Financement |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | Foncier MT Obl. Fonc. 17/22 | EUR | 3,600,000 | 0 | 0 | % | 100.942 | 3,633,900.48 | 0.26 |
| XS1859010685 XS1823623878 | 1.5000 % Citigroup Inc. FLR MTN 18/26 1.8750 % CNH Industrial Finance | EUR | 1,200,000 | 0 | 0 | % | 102.574 | 1,230,883.08 | 0.09 |
| XS2022084367 | Euro.SA MTN 18/26 1.6250 % CNH Industrial Finance | EUR | 3,000,000 | 3,000,000 | 0 | % | 98.452 | 2,953,567.20 | 0.21 |
|  | Euro.SA MTN 19/29 | EUR | 1,650,000 | 0 | 0 | % | 92.500 | 1,526,254.62 | 0.11 |
| FR0013463775 DE000CZ40NS9 | 2.0000 % CNP Assurances S.A. FLR MTN 19/50 1.0000 % Commerzbank AG | EUR | 1,100,000 | 0 | 0 | % | 96.257 | 1,058,828.21 | 0.08 |
|  | MTN IHS S.923 19/26 | EUR | 1,800,000 | 0 | 0 | % | 98.954 | 1,781,166.96 | 0.13 |
| XS2178585423 | 2.1250 % Conti-Gummi Finance B.V. MTN 20/23 | EUR | 950,000 | 950,000 | 0 | % | 103.004 | 978,533.92 | 0.07 |
| XS2056430874 XS2168285000 | 0.3750 % Continental AG MTN 19/25  2) 0.8750 % Coöperatieve Rabobank | EUR | 2,550,000 | 0 | 0 | % | 94.469 | 2,408,947.01 | 0.17 |
| XS1944327631 | U.A. FLR Non-Pref. MTN 20/28 0.8750 % Coöperatieve Rabobank | EUR | 2,900,000 | 2,900,000 | 0 | % | 100.232 | 2,906,715.82 | 0.21 |
| FR0013312154 | U.A. MT Cov. Bds 19/29 2.6250 % Crédit Agricole Assurances | EUR | 2,500,000 | 0 | 0 | % | 108.297 | 2,707,428.25 | 0.20 |
| IT0005366288 | SA FLR Notes 18/48 1.0000 % Credit Agricole Italia | EUR | 700,000 | 0 | 0 | % | 100.607 | 704,248.02 | 0.05 |
|  | S.p.A. MT Mtg.Cov.Bds 19/27 | EUR | 1,000,000 | 0 | 0 | % | 107.070 | 1,070,697.70 | 0.08 |
| XS1204154410 CH0483180946 | 2.6250 % Crédit Agricole S.A. Bonds 15/27 1.0000 % Credit Suisse Group | EUR | 1,000,000 | 0 | 0 | % | 106.973 | 1,069,729.50 | 0.08 |
|  | AG FLR MTN 19/27 | EUR | 2,550,000 | 0 | 0 | % | 97.927 | 2,497,137.74 | 0.18 |
| XS2168478068 | 1.2500 % CRH SMW Finance DAC MTN 20/26 | EUR | 1,100,000 | 1,100,000 | 0 | % | 101.117 | 1,112,285.13 | 0.08 |
| DE000A2YNZW8 | 0.3750 % Daimler AG MTN 19/26 | EUR | 2,000,000 | 0 | 0 | % | 93.600 | 1,872,008.20 | 0.14 |
| XS2171316859 DE000A2TSDV6 | 0.6250 % Danske Bank AS MTN 20/25 0.0500 % DZ HYP AG MTN Hyp.- | EUR | 1,000,000 | 3,500,000 | 2,500,000 | % | 99.419 | 994,185.80 | 0.07 |
| XS1945130620 | Pfe. R.1215 19/29  2) 0.8750 % Eika BoligKreditt A.S. | EUR | 3,000,000 | 0 | 0 | % | 101.102 | 3,033,062.70 | 0.22 |
| XS2035564629 | MT Cov. MTN 19/29  2) 1.6250 % EnBW Energie Baden- | EUR | 2,450,000 | 0 | 0 | % | 106.950 | 2,620,263.24 | 0.19 |
| XS2035564975 | Württem. AG FLR Anl. 19/79  2) 1.1250 % EnBW Energie Baden- | EUR | 700,000 | 0 | 0 | % | 96.854 | 677,975.06 | 0.05 |
|  | Württem. AG FLR Anl. 19/79 | EUR | 1,200,000 | 0 | 0 | % | 97.193 | 1,166,317.44 | 0.08 |
| XS1713463559 | 3.3750 % ENEL S.p.A. FLR Cap. Secs 18/81  2) | EUR | 1,050,000 | 0 | 0 | % | 103.559 | 1,087,374.12 | 0.08 |
| XS2176783319 | 1.2500 % ENI S.p.A. MTN 20/26 | EUR | 3,000,000 | 3,000,000 | 0 | % | 101.670 | 3,050,087.10 | 0.22 |
| XS2107315470 | 0.6250 % ENI S.p.A. MTN 20/30  2) | EUR | 1,350,000 | 1,350,000 | 0 | % | 93.588 | 1,263,444.08 | 0.09 |
| XS1679781424 | 2.8750 % Equinix Inc. Notes 17/25 | EUR | 2,100,000 | 0 | 0 | % | 101.783 | 2,137,449.93 | 0.15 |
| XS2178833427 EU000A1G0BJ5 | 0.7500 % Equinor ASA MTN 20/26 3.0000 % Europ.Fin.Stab.Facility | EUR | 1,400,000 | 1,400,000 | 0 | % | 101.774 | 1,424,835.30 | 0.10 |
| EU000A1G0DR4 | (EFSF) MTN 13/34  2) 0.7500 % Europ.Fin.Stab.Facility | EUR | 2,000,000 | 0 | 0 | % | 143.333 | 2,866,659.80 | 0.21 |
| EU000A1G0DL7 | (EFSF) MTN 17/27  2) 1.7000 % Europ.Fin.Stab.Facility | EUR | 3,000,000 | 3,000,000 | 0 | % | 109.759 | 3,292,772.10 | 0.24 |
| EU000A1G0EE0 | (EFSF) MTN 17/43 0.0500 % Europ.Fin.Stab.Facility | EUR | 2,000,000 | 0 | 0 | % | 132.032 | 2,640,640.00 | 0.19 |
| EU000A1G0ED2 | (EFSF) MTN 19/29  2) 0.8750 % Europ.Fin.Stab.Facility | EUR | 9,000,000 | 0 | 3,000,000 | % | 102.723 | 9,245,047.50 | 0.67 |
|  | (EFSF) MTN 19/35  2) | EUR | 4,000,000 | 0 | 0 | % | 112.133 | 4,485,310.80 | 0.32 |
| EU000A1GVVF8 EU000A1U9894 | 3.0000 % Europäische Union MTN 11/26  2) 1.0000 % Europäischer Stabilitäts. | EUR | 1,000,000 | 0 | 0 | % | 120.594 | 1,205,942.40 | 0.09 |
| EU000A1Z99B9 | (ESM) MTN 15/25  2) 0.7500 % Europäischer Stabilitäts. | EUR | 7,000,000 | 0 | 0 | % | 107.357 | 7,515,004.70 | 0.54 |
| EU000A1Z99H6 | (ESM) MTN 17/27 0.5000 % Europäischer Stabilitäts. | EUR | 5,000,000 | 0 | 0 | % | 107.178 | 5,358,893.50 | 0.39 |
| XS1422953932 | (ESM) MTN 19/29  2) 1.0000 % European Investment | EUR | 3,100,000 | 0 | 0 | % | 106.341 | 3,296,575.34 | 0.24 |
| XS1361554584 | Bank MTN 16/32 1.1250 % European Investment | EUR | 3,500,000 | 0 | 0 | % | 113.400 | 3,969,003.15 | 0.29 |
| XS1555331617 | Bank MTN 16/36 0.5000 % European Investment | EUR | 5,000,000 | 0 | 5,000,000 | % | 117.680 | 5,884,006.50 | 0.42 |
| XS1612977717 | Bank MTN 17/27 1.1250 % European Investment | EUR | 2,500,000 | 0 | 0 | % | 106.177 | 2,654,423.00 | 0.19 |
|  | Bank MTN 17/33  2) | EUR | 3,500,000 | 0 | 0 | % | 115.548 | 4,044,184.90 | 0.29 |
| Explanations can | be found in the footnotes below the table. |  |  |  |  |  |  |  |  |


#### Investment portfolio at 31/05/2020
ISIN	Securities	Market	Shares/	Balance   Purchases Redemptions	Price	Market value	% of net
Units/	31/05/2020	EUR	assets
Currency	in the period under review
| XS1791485011 | 0.8750 % European Investment |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| XS2154339860 | Bank MTN 18/28 0.0000 % European Investment | EUR | 3,000,000 | 0 | 0 | % | 109.619 | 3,288,573.90 | 0.24 |
| XS2102495673 | Bank MTN 20/28 0.0500 % European Investment | EUR | 1,350,000 | 1,350,000 | 0 | % | 102.906 | 1,389,231.41 | 0.10 |
| DE000A2GSFF1 | Bank MTN 20/30 2.1250 % Evonik Industries AG | EUR | 3,000,000 | 3,000,000 | 0 | % | 103.257 | 3,097,723.50 | 0.22 |
| XS1843436228 | FLR Nachr. Anl. 17/77 1.5000 % Fidelity Natl Inform. | EUR | 1,400,000 | 0 | 0 | % | 97.654 | 1,367,156.42 | 0.10 |
| XS1843435923 | Svcs Inc. Notes 19/27 2.0000 % Fidelity Natl Inform. | EUR | 2,500,000 | 0 | 0 | % | 103.717 | 2,592,924.25 | 0.19 |
| DE000A2G8W40 | Svcs Inc. Notes 19/30 1.2000 % Freie Hansestadt Bremen | EUR | 900,000 | 0 | 0 | % | 107.049 | 963,442.62 | 0.07 |
| DE000A2G8W65 | Landessch. Ausg.215 19/34 1.0000 % Freie Hansestadt Bremen | EUR | 1,000,000 | 1,000,000 | 0 | % | 114.498 | 1,144,977.50 | 0.08 |
|  | Landessch. Ausg.217 19/39 | EUR | 1,350,000 | 0 | 0 | % | 114.494 | 1,545,669.27 | 0.11 |
| XS2101357072 | 0.7500 % Fresenius SE & Co. KGaA MTN 20/28 | EUR | 1,900,000 | 1,900,000 | 0 | % | 97.403 | 1,850,660.61 | 0.13 |
| FR0013205069 | 1.0000 % Gecina S.A. MTN 16/29 | EUR | 1,000,000 | 0 | 0 | % | 97.018 | 970,183.90 | 0.07 |
| XS1612542826 XS1811181566 | 0.8750 % General Electric Co. Notes 17/25 2.5000 % Grand City Properties | EUR | 1,000,000 | 0 | 0 | % | 93.224 | 932,241.20 | 0.07 |
| FR0013447125 | S.A. FLR Notes 18/Und. 2.1250 % Groupama Assurances | EUR | 1,200,000 | 0 | 0 | % | 98.036 | 1,176,427.56 | 0.08 |
|  | Mutuelles Notes 19/29  2) | EUR | 1,100,000 | 0 | 0 | % | 94.559 | 1,040,151.09 | 0.08 |
| XS2020608548 | 0.8750 % Hera S.p.A. MTN 19/27  2) | EUR | 500,000 | 0 | 0 | % | 99.692 | 498,459.55 | 0.04 |
| FR0013444304 | 0.1000 % HSBC France S.A. MTN 19/27 | EUR | 2,200,000 | 0 | 0 | % | 95.989 | 2,111,761.74 | 0.15 |
| FR0013231768 | 1.5000 % IMERYS S.A. MTN 17/27 | EUR | 800,000 | 0 | 0 | % | 91.146 | 729,167.04 | 0.05 |
| XS1935128956 XS1952576475 | 2.6250 % Immofinanz AG Notes 19/23 0.7500 % ING Bank N.V. MT | EUR | 1,000,000 | 0 | 0 | % | 99.950 | 999,501.00 | 0.07 |
|  | Mortg.Cov. Bds 19/29 | EUR | 3,000,000 | 1,800,000 | 2,000,000 | % | 107.276 | 3,218,280.90 | 0.23 |
| XS1590823859 | 3.0000 % ING Groep N.V. FLR MTN 17/28 | EUR | 1,700,000 | 0 | 0 | % | 103.816 | 1,764,868.60 | 0.13 |
| XS2176621170 XS1908370171 | 2.1250 % ING Groep N.V. FLR MTN 20/31 2.1250 % InterContinental Hotels | EUR | 1,600,000 | 1,600,000 | 0 | % | 101.160 | 1,618,559.36 | 0.12 |
| XS1998930926 | Group MTN 18/27  2) 0.2500 % International Bank | EUR | 1,650,000 | 0 | 0 | % | 94.044 | 1,551,719.73 | 0.11 |
| XS2122894855 | Rec. Dev. MTN 19/29 0.0000 % International Bank | EUR | 4,000,000 | 4,000,000 | 0 | % | 102.874 | 4,114,961.60 | 0.30 |
| XS2081018629 | Rec. Dev. MTN 20/30  2) 1.0000 % Intesa Sanpaolo | EUR | 2,000,000 | 2,000,000 | 0 | % | 100.099 | 2,001,979.20 | 0.14 |
| XS2022424993 | S.p.A. Pref. MTN 19/26 1.7500 % Intesa Sanpaolo | EUR | 4,500,000 | 4,500,000 | 0 | % | 95.196 | 4,283,823.60 | 0.31 |
| XS2115091717 | S.p.A. Pref. MTN 19/29  2) 0.3000 % Intl Business Machines | EUR | 1,300,000 | 0 | 0 | % | 96.627 | 1,256,156.85 | 0.09 |
| XS2115091808 | Corp. Notes 20/28 0.6500 % Intl Business Machines | EUR | 1,000,000 | 2,600,000 | 1,600,000 | % | 96.302 | 963,021.70 | 0.07 |
| XS2066003901 | Corp. Notes 20/32  2) 0.0000 % Intl Development | EUR | 2,700,000 | 2,700,000 | 0 | % | 95.782 | 2,586,102.39 | 0.19 |
|  | Association MTN 19/26 | EUR | 1,300,000 | 0 | 0 | % | 101.504 | 1,319,554.08 | 0.10 |
| FR0013509627 | 2.0000 % JCDecaux S.A. Bonds 20/24  2) | EUR | 2,400,000 | 2,400,000 | 0 | % | 97.965 | 2,351,171.76 | 0.17 |
| FR0013509643 XS1960248919 | 2.6250 % JCDecaux S.A. Bonds 20/28 1.0900 % JPMorgan Chase & | EUR | 3,000,000 | 3,800,000 | 800,000 | % | 96.175 | 2,885,242.80 | 0.21 |
| BE0000351602 | Co. FLR MTN 19/27 0.0000 % Königreich Belgien | EUR | 1,000,000 | 0 | 1,150,000 | % | 101.312 | 1,013,120.60 | 0.07 |
|  | Bons d’Etat 20/27  2) | EUR | 6,500,000 | 6,500,000 | 0 | % | 101.229 | 6,579,885.65 | 0.47 |
| BE0000347568 | 0.9000 % Königreich Belgien Obl. Lin. 19/29  2) | EUR | 5,000,000 | 0 | 0 | % | 108.877 | 5,443,850.00 | 0.39 |
| BE0000348574 | 1.7000 % Königreich Belgien Obl. Lin. 19/50  2) | EUR | 1,800,000 | 0 | 4,000,000 | % | 127.088 | 2,287,583.82 | 0.17 |
| BE0000350596 | 0.4000 % Königreich Belgien Obl. Lin. 20/40  2) | EUR | 9,000,000 | 10,850,000 | 1,850,000 | % | 97.364 | 8,762,796.90 | 0.63 |
| BE0000320292 | 4.2500 % Königreich Belgien Obl. Lin. S.60 10/41 | EUR | 3,000,000 | 2,000,000 | 0 | % | 172.553 | 5,176,589.70 | 0.37 |
| BE0000321308 BE0000324336 | 4.2500 % Königreich Belgien Obl. Lin. S.61 11/21 4.5000 % Königreich Belgien | EUR | 3,000,000 | 3,000,000 | 0 | % | 106.328 | 3,189,840.00 | 0.23 |
| BE0000339482 | Obl. Lin. S.64 11/26  2) 0.2000 % Königreich Belgien | EUR | 5,500,000 | 0 | 0 | % | 128.331 | 7,058,205.00 | 0.51 |
|  | Obl. Lin. S.79 16/23  2) | EUR | 9,000,000 | 0 | 0 | % | 102.395 | 9,215,550.00 | 0.66 |
| BE0000345547 | 0.8000 % Königreich Belgien Obl. Lin. S.85 18/28 | EUR | 2,000,000 | 2,000,000 | 0 | % | 107.649 | 2,152,980.00 | 0.16 |
| NL0009712470 | 3.2500 % Königreich Niederlande Anl. 11/21  2) | EUR | 7,000,000 | 0 | 2,000,000 | % | 104.276 | 7,299,320.00 | 0.53 |
| NL0010071189 | 2.5000 % Königreich Niederlande Anl. 12/33  2) | EUR | 4,000,000 | 0 | 0 | % | 133.880 | 5,355,199.60 | 0.39 |

Explanations can be found in the footnotes below the table.

#### Investment portfolio at 31/05/2020
ISIN	Securities	Market	Shares/	Balance   Purchases Redemptions	Price	Market value	% of net
Units/	31/05/2020	EUR	assets
Currency	in the period under review
| NL0010733424 | 2.0000 % Königreich Niederlande Anl. 14/24  2) | EUR | 10,000,000 | 0 | 0 | % | 110.657 | 11,065,700.00 | 0.80 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NL0012171458 | 0.7500 % Königreich Niederlande Anl. 17/27  2) | EUR | 8,000,000 | 0 | 0 | % | 108.335 | 8,666,800.00 | 0.63 |
| NL0013552060 | 0.5000 % Königreich Niederlande Anl. 19/40  2) | EUR | 5,000,000 | 4,000,000 | 3,000,000 | % | 109.736 | 5,486,799.50 | 0.40 |
| ES00000121G2 | 4.8000 % Königreich Spanien Bonos 08/24 | EUR | 570,000 | 570,000 | 0 | % | 118.457 | 675,204.90 | 0.05 |
| ES00000124H4 | 5.1500 % Königreich Spanien Bonos 13/44 | EUR | 1,500,000 | 0 | 0 | % | 182.768 | 2,741,520.00 | 0.20 |
| ES0000012B88 | 1.4000 % Königreich Spanien Bonos 18/28 | EUR | 10,000,000 | 0 | 0 | % | 108.594 | 10,859,400.00 | 0.78 |
| ES0000012B47 | 2.7000 % Königreich Spanien Bonos 18/48 | EUR | 1,000,000 | 2,000,000 | 5,000,000 | % | 133.240 | 1,332,400.00 | 0.10 |
| ES0000012E85 | 0.2500 % Königreich Spanien Bonos 19/24 | EUR | 25,000,000 | 15,000,000 | 0 | % | 101.697 | 25,424,250.00 | 1.83 |
| ES0000012E69 ES00000127A2 | 1.8500 % Königreich Spanien Bonos 19/35 1.9500 % Königreich Spanien | EUR | 3,000,000 | 5,000,000 | 5,000,000 | % | 113.909 | 3,417,270.00 | 0.25 |
| ES00000127Z9 | Obligaciones 15/30 1.9500 % Königreich Spanien | EUR | 5,000,000 | 1,000,000 | 0 | % | 114.253 | 5,712,650.00 | 0.41 |
| ES00000128Q6 | Obligaciones 16/26 2.3500 % Königreich Spanien | EUR | 15,000,000 | 5,000,000 | 0 | % | 111.126 | 16,668,900.00 | 1.20 |
| ES0000012G26 | Obligaciones 17/33 0.8000 % Königreich Spanien | EUR | 3,000,000 | 0 | 0 | % | 120.120 | 3,603,600.00 | 0.26 |
| ES0000012F76 | Obligaciones 20/27 0.5000 % Königreich Spanien | EUR | 10,000,000 | 10,000,000 | 0 | % | 103.925 | 10,392,499.00 | 0.75 |
| ES0000012G34 | Obligaciones 20/30 1.2500 % Königreich Spanien | EUR | 3,000,000 | 7,150,000 | 4,150,000 | % | 100.143 | 3,004,289.70 | 0.22 |
|  | Obligaciones 20/30 | EUR | 5,200,000 | 5,200,000 | 0 | % | 106.978 | 5,562,830.00 | 0.40 |
| DE000A11QTD2 | 0.6250 % Kreditanst.f.Wiederaufbau Anl. 15/25 | EUR | 3,700,000 | 0 | 0 | % | 104.933 | 3,882,533.95 | 0.28 |
| DE000A168Y55 | 0.3750 % Kreditanst.f.Wiederaufbau Anl. 16/26 | EUR | 5,000,000 | 0 | 0 | % | 104.403 | 5,220,155.00 | 0.38 |
| DE000A2DAR65 DE000A2GSNW0 | 0.6250 % Kreditanst.f.Wiederaufbau Anl. 17/27 0.3750 % Kreditanst.f.Wiederaufbau | EUR | 7,000,000 | 0 | 0 | % | 106.615 | 7,463,080.80 | 0.54 |
| DE000A2GSNR0 | Anl. 18/25  2) 0.6250 % Kreditanst.f.Wiederaufbau | EUR | 5,000,000 | 0 | 5,000,000 | % | 103.958 | 5,197,879.50 | 0.38 |
|  | Anl. 18/28  2) | EUR | 1,000,000 | 0 | 0 | % | 107.122 | 1,071,217.90 | 0.08 |
| DE000A168Y48 | 1.2500 % Kreditanst.f.Wiederaufbau MTN 16/36 | EUR | 1,300,000 | 3,000,000 | 1,700,000 | % | 118.734 | 1,543,540.96 | 0.11 |
| DE000A2TSTS8 | 0.0000 % Kreditanst.f.Wiederaufbau MTN 19/24 | EUR | 5,000,000 | 5,000,000 | 0 | % | 101.845 | 5,092,234.00 | 0.37 |
| DE000A2LQSN2 FR0013399169 | 0.7500 % Kreditanst.f.Wiederaufbau MTN 19/29 0.5000 % La Banq. Postale Home | EUR | 2,750,000 | 10,000,000 | 9,950,000 | % | 108.683 | 2,988,770.68 | 0.22 |
| FR0013415692 | Loan SFH MT Obl.FinHab 19/26  2) 1.3750 % La Banque Postale | EUR | 1,900,000 | 0 | 0 | % | 103.794 | 1,972,091.13 | 0.14 |
| FR0013433596 | Non-Pref. MTN 19/29  2) 0.2500 % La Banque Postale | EUR | 1,300,000 | 0 | 0 | % | 102.260 | 1,329,383.90 | 0.10 |
|  | Preferred MTN 19/26 | EUR | 1,200,000 | 0 | 0 | % | 97.946 | 1,175,349.60 | 0.08 |
| DE000A2TR6J9 | 0.3750 % Land Brandenburg Schatzanw. 20/35 | EUR | 2,000,000 | 2,000,000 | 0 | % | 103.310 | 2,066,200.00 | 0.15 |
| DE000A1RQC02 DE000NRW0JJ8 | 0.7500 % Land Hessen Schatzanw. S.1607 16/36 1.2500 % Land Nordrhein-Westfalen | EUR | 1,000,000 | 1,000,000 | 0 | % | 109.780 | 1,097,804.20 | 0.08 |
| DE000NRW0J22 | MT Landessch.R.1410 16/36 1.0000 % Land Nordrhein-Westfalen | EUR | 2,000,000 | 2,000,000 | 0 | % | 116.764 | 2,335,288.40 | 0.17 |
| XS1957349332 | MT Landessch.R.1427 16/46 0.5000 % Landwirtschaftliche | EUR | 2,000,000 | 2,000,000 | 0 | % | 117.954 | 2,359,077.60 | 0.17 |
| XS1793273092 | Rentenbank MTN 19/29 0.8750 % Lb.Hessen-Thüringen GZ | EUR | 2,350,000 | 0 | 0 | % | 105.884 | 2,488,273.77 | 0.18 |
| XS1749378342 | MTN Öff.-Pfe. S.H320 18/28 0.6250 % Lloyds Banking Group | EUR | 2,900,000 | 0 | 0 | % | 107.890 | 3,128,796.95 | 0.23 |
| XS2078918781 | PLC FLR MTN 18/24 0.5000 % Lloyds Banking Group | EUR | 2,500,000 | 0 | 0 | % | 98.241 | 2,456,017.00 | 0.18 |
| FR0013482833 | PLC FLR MTN 19/25 0.1250 % LVMH Moët Henn. L. | EUR | 1,050,000 | 0 | 0 | % | 95.980 | 1,007,794.73 | 0.07 |
| IT0005378036 | Vuitton SE MTN 20/28 0.5000 % Mediobanca - Bca Cred. | EUR | 1,000,000 | 1,800,000 | 800,000 | % | 97.070 | 970,702.40 | 0.07 |
| XS2027957815 | Fin. SpA Mortg.Cov.MTN 19/26  2) 1.1250 % Mediobanca - Bca Cred. | EUR | 1,100,000 | 0 | 0 | % | 101.941 | 1,121,351.77 | 0.08 |
|  | Fin. SpA Preferred MTN 19/25 | EUR | 1,550,000 | 0 | 0 | % | 95.228 | 1,476,029.82 | 0.11 |
| FR0013425139 XS2151059206 | 0.6250 % MMS USA Financing Inc. Notes 19/25 2.3750 % Mondi Finance Europe | EUR | 1,900,000 | 0 | 0 | % | 94.222 | 1,790,224.27 | 0.13 |
|  | GmbH MTN 20/28 | EUR | 1,600,000 | 1,600,000 | 0 | % | 103.113 | 1,649,804.16 | 0.12 |
| XS1989375503 | 0.6370 % Morgan Stanley FLR MTN 19/24 | EUR | 2,150,000 | 0 | 0 | % | 99.685 | 2,143,231.16 | 0.15 |
| XS1511787589 XS1499594916 | 1.3750 % Morgan Stanley MTN S.G 16/26 0.7500 % Nederlandse | EUR | 1,650,000 | 0 | 0 | % | 104.022 | 1,716,369.27 | 0.12 |
|  | Waterschapsbank NV MTN 16/41 | EUR | 2,000,000 | 2,000,000 | 0 | % | 109.465 | 2,189,309.00 | 0.16 |
| XS2170362912 | 0.3750 % Nestlé Finance Intl Ltd. MTN 20/32 | EUR | 2,300,000 | 4,300,000 | 2,000,000 | % | 98.234 | 2,259,372.57 | 0.16 |

Explanations can be found in the footnotes below the table.

#### Investment portfolio at 31/05/2020
ISIN	Securities	Market	Shares/	Balance   Purchases Redemptions	Price	Market value	% of net
Units/	31/05/2020	EUR	assets
Currency	in the period under review
| XS1076781589 XS2079316753 | 4.3750 % NN Group N.V. FLR MTN 14/Und. 0.0500 % Nord/LB Lux.S.A. Cov. | EUR | 1,200,000 | 0 | 0 | % | 107.227 | 1,286,718.96 | 0.09 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| DK0009522062 | Bond Bk. MT L.d.G.Publ. 20/25 0.6250 % Nykredit Realkredit A/S | EUR | 600,000 | 600,000 | 0 | % | 100.207 | 601,244.34 | 0.04 |
|  | Non-Preferred MTN 19/25 | EUR | 1,000,000 | 0 | 0 | % | 96.678 | 966,780.00 | 0.07 |
| FR0013447877 | 1.7500 % Orange S.A. FLR MTN 19/Und. | EUR | 1,600,000 | 2,000,000 | 2,000,000 | % | 98.561 | 1,576,983.52 | 0.11 |
| FR0013506300 | 1.6250 % Orange S.A. MTN 20/32 | EUR | 700,000 | 700,000 | 0 | % | 108.303 | 758,119.74 | 0.05 |
| XS2051788219 | 1.0000 % Origin Energy Finance Ltd. MTN 19/29 | EUR | 1,500,000 | 0 | 0 | % | 88.629 | 1,329,434.25 | 0.10 |
| XS2010036874 XS1489391109 | 1.7500 % Orsted A/S FLR Notes 19/Und. 1.2500 % PartnerRe Ireland | EUR | 2,850,000 | 2,850,000 | 0 | % | 99.123 | 2,825,011.49 | 0.20 |
|  | Finance DAC Notes 16/26 | EUR | 1,400,000 | 0 | 0 | % | 99.613 | 1,394,578.22 | 0.10 |
| FR0013456449 | 0.8750 % Pernod-Ricard S.A. Bonds 19/31 | EUR | 600,000 | 0 | 0 | % | 96.115 | 576,689.28 | 0.04 |
| FR0013506524 | 1.1250 % Pernod-Ricard S.A. Bonds 20/25  2) | EUR | 1,600,000 | 1,600,000 | 0 | % | 102.032 | 1,632,507.04 | 0.12 |
| XS1303312034 | 0.8750 % Provinz British Columbia MTN 15/25 | EUR | 3,000,000 | 0 | 0 | % | 104.907 | 3,147,210.00 | 0.23 |
| XS2178957077 | 1.8750 % Redexis Gas Finance B.V. MTN 20/25 | EUR | 1,400,000 | 1,400,000 | 0 | % | 100.569 | 1,407,971.74 | 0.10 |
| BE6313645127 | 0.2500 % Région Wallonne MTN 19/26 | EUR | 1,200,000 | 0 | 0 | % | 101.100 | 1,213,204.44 | 0.09 |
| FR0011486067 | 1.7500 % Rep. Frankreich OAT 13/23  2) | EUR | 15,000,000 | 10,000,000 | 0 | % | 106.907 | 16,036,050.00 | 1.16 |
| FR0011619436 | 2.2500 % Rep. Frankreich OAT 13/24 | EUR | 17,000,000 | 0 | 0 | % | 111.053 | 18,879,010.00 | 1.36 |
| FR0011461037 | 3.2500 % Rep. Frankreich OAT 13/45 | EUR | 8,500,000 | 0 | 0 | % | 162.096 | 13,778,159.15 | 0.99 |
| FR0011883966 | 2.5000 % Rep. Frankreich OAT 14/30 | EUR | 2,000,000 | 0 | 10,000,000 | % | 125.551 | 2,511,019.80 | 0.18 |
| FR0012517027 | 0.5000 % Rep. Frankreich OAT 15/25 | EUR | 28,000,000 | 10,000,000 | 0 | % | 104.658 | 29,304,237.20 | 2.12 |
| FR0013250560 | 1.0000 % Rep. Frankreich OAT 16/27  2) | EUR | 19,000,000 | 0 | 0 | % | 108.740 | 20,660,600.00 | 1.49 |
| FR0013154044 | 1.2500 % Rep. Frankreich OAT 16/36 | EUR | 16,000,000 | 12,000,000 | 12,500,000 | % | 114.860 | 18,377,598.40 | 1.33 |
| FR0013341682 | 0.7500 % Rep. Frankreich OAT 17/28  2) | EUR | 19,000,000 | 0 | 0 | % | 107.618 | 20,447,418.10 | 1.48 |
| FR0013257524 | 2.0000 % Rep. Frankreich OAT 17/48 | EUR | 2,000,000 | 2,000,000 | 0 | % | 134.593 | 2,691,859.80 | 0.19 |
| FR0013404969 | 1.5000 % Rep. Frankreich OAT 18/50 | EUR | 9,000,000 | 4,500,000 | 2,500,000 | % | 122.303 | 11,007,269.10 | 0.79 |
| FR0013480613 | 0.7500 % Rep. Frankreich OAT 20/52 | EUR | 5,500,000 | 5,500,000 | 0 | % | 101.384 | 5,576,119.45 | 0.40 |
| FI4000148630 | 0.7500 % Republik Finnland Bonds 15/31 | EUR | 3,000,000 | 2,000,000 | 1,000,000 | % | 109.127 | 3,273,807.90 | 0.24 |
| FI4000369467 | 0.5000 % Republik Finnland Bonds 19/29 | EUR | 4,200,000 | 0 | 0 | % | 106.212 | 4,460,883.00 | 0.32 |
| FI4000415153 | 0.1250 % Republik Finnland Bonds 20/36 | EUR | 2,000,000 | 3,000,000 | 1,000,000 | % | 100.171 | 2,003,412.80 | 0.14 |
| IE00BDHDPQ37 | 0.0000 % Republik Irland Treasury Bonds 17/22 | EUR | 5,000,000 | 10,000,000 | 5,000,000 | % | 100.953 | 5,047,650.00 | 0.36 |
| IE00BH3SQ895 | 1.1000 % Republik Irland Treasury Bonds 19/29 | EUR | 4,000,000 | 0 | 0 | % | 108.970 | 4,358,800.00 | 0.31 |
| IT0004356843 | 4.7500 % Republik Italien B.T.P. 08/23 | EUR | 6,000,000 | 0 | 0 | % | 113.144 | 6,788,640.00 | 0.49 |
| IT0004532559 | 5.0000 % Republik Italien B.T.P. 09/40 | EUR | 5,500,000 | 0 | 0 | % | 145.912 | 8,025,159.45 | 0.58 |
| IT0004634132 | 3.7500 % Republik Italien B.T.P. 10/21 | EUR | 5,000,000 | 5,000,000 | 5,000,000 | % | 102.773 | 5,138,650.00 | 0.37 |
| IT0005045270 | 2.5000 % Republik Italien B.T.P. 14/24 | EUR | 10,000,000 | 0 | 0 | % | 107.248 | 10,724,800.00 | 0.77 |
| IT0005024234 | 3.5000 % Republik Italien B.T.P. 14/30 | EUR | 10,000,000 | 0 | 0 | % | 118.340 | 11,833,999.00 | 0.85 |
| IT0005086886 | 1.3500 % Republik Italien B.T.P. 15/22 | EUR | 24,000,000 | 0 | 0 | % | 101.878 | 24,450,720.00 | 1.76 |
| IT0005090318 | 1.5000 % Republik Italien B.T.P. 15/25 | EUR | 3,000,000 | 0 | 11,000,000 | % | 102.750 | 3,082,500.00 | 0.22 |
| IT0005175598 | 0.4500 % Republik Italien B.T.P. 16/21 | EUR | 10,000,000 | 0 | 0 | % | 100.284 | 10,028,400.00 | 0.72 |
| IT0005215246 | 0.6500 % Republik Italien B.T.P. 16/23  2) | EUR | 17,000,000 | 7,000,000 | 0 | % | 100.293 | 17,049,810.00 | 1.23 |
| IT0005210650 | 1.2500 % Republik Italien B.T.P. 16/26 | EUR | 5,000,000 | 0 | 4,000,000 | % | 100.755 | 5,037,749.50 | 0.36 |
| IT0005217390 | 2.8000 % Republik Italien B.T.P. 16/67 | EUR | 1,000,000 | 2,000,000 | 1,000,000 | % | 107.284 | 1,072,839.90 | 0.08 |
| IT0005273013 | 3.4500 % Republik Italien B.T.P. 17/48 | EUR | 6,000,000 | 3,500,000 | 2,000,000 | % | 122.051 | 7,323,059.40 | 0.53 |
| IT0005340929 | 2.8000 % Republik Italien B.T.P. 18/28 | EUR | 13,000,000 | 3,000,000 | 0 | % | 111.604 | 14,508,518.70 | 1.05 |
| IT0005358806 | 3.3500 % Republik Italien B.T.P. 18/35 | EUR | 9,000,000 | 0 | 5,900,000 | % | 119.017 | 10,711,529.10 | 0.77 |
| IT0005321325 | 2.9500 % Republik Italien B.T.P. 18/38 | EUR | 4,000,000 | 0 | 0 | % | 113.485 | 4,539,399.60 | 0.33 |
| IT0005363111 | 3.8500 % Republik Italien B.T.P. 18/49 | EUR | 2,000,000 | 2,400,000 | 5,000,000 | % | 130.510 | 2,610,190.00 | 0.19 |
| IT0005365165 | 3.0000 % Republik Italien B.T.P. 19/29  2) | EUR | 5,000,000 | 15,000,000 | 15,000,000 | % | 113.687 | 5,684,349.50 | 0.41 |
| IT0005398406 | 2.4500 % Republik Italien B.T.P. 19/50 | EUR | 4,200,000 | 4,200,000 | 0 | % | 101.928 | 4,280,955.00 | 0.31 |
| IT0005408502 IT0005329344 | 1.8500 % Republik Italien B.T.P. 20/25 0.1000 % Republik Italien Inflation- | EUR | 6,000,000 | 7,650,000 | 1,650,000 | % | 104.324 | 6,259,440.00 | 0.45 |
| IT0005410912 | Ind. Lkd B.T.P. 18/23 1.4000 % Republik Italien Inflation- | EUR | 5,000,000 | 15,000,000 | 10,000,000 | % | 98.547 | 5,070,588.06 | 0.37 |
|  | Ind. Lkd B.T.P. 20/25 | EUR | 8,475,000 | 8,475,000 | 0 | % | 101.075 | 8,566,857.71 | 0.62 |
| XS2168038417 AT0000A10683 | 0.2500 % Republik Litauen MTN 20/25 2.4000 % Republik Österreich | EUR | 1,000,000 | 1,000,000 | 0 | % | 102.053 | 1,020,532.70 | 0.07 |
|  | Bundesanl. 13/34  2) | EUR | 2,000,000 | 0 | 1,500,000 | % | 132.787 | 2,655,731.40 | 0.19 |
| AT0000A1K9F1 | 1.5000 % Republik Österreich Bundesanl. 16/47 | EUR | 7,000,000 | 6,000,000 | 0 | % | 130.775 | 9,154,224.10 | 0.66 |
| AT0000A269M8 | 0.5000 % Republik Österreich MTN 19/29  2) | EUR | 6,000,000 | 5,000,000 | 1,500,000 | % | 105.890 | 6,353,427.00 | 0.46 |
| XS1958534528 | 1.0000 % Republik Polen MTN 19/29 | EUR | 1,350,000 | 0 | 0 | % | 104.334 | 1,408,512.11 | 0.10 |
| PTOTE5OE0007 | 4.1000 % Republik Portugal Obl. 06/37 | EUR | 4,000,000 | 0 | 1,000,000 | % | 148.564 | 5,942,560.00 | 0.43 |
| PTOTEROE0014 | 3.8750 % Republik Portugal Obr. 14/30  2) | EUR | 4,000,000 | 2,000,000 | 0 | % | 131.938 | 5,277,520.00 | 0.38 |
| PTOTESOE0013 | 2.2000 % Republik Portugal Obr. 15/22 | EUR | 3,000,000 | 0 | 0 | % | 106.273 | 3,188,190.00 | 0.23 |
| PTOTETOE0012 | 2.8750 % Republik Portugal Obr. 16/26 | EUR | 5,000,000 | 2,000,000 | 0 | % | 116.980 | 5,849,000.00 | 0.42 |

Explanations can be found in the footnotes below the table.

#### Investment portfolio at 31/05/2020
ISIN	Securities	Market	Shares/	Balance   Purchases Redemptions	Price	Market value	% of net
Units/	31/05/2020	EUR	assets
Currency	in the period under review
| PTOTEUOE0019 | 4.1250 % Republik Portugal Obr. 17/27 | EUR | 2,000,000 | 0 | 5,000,000 | % | 126.790 | 2,535,800.00 | 0.18 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| PTOTEVOE0018 | 2.1250 % Republik Portugal Obr. 18/28 | EUR | 5,000,000 | 5,000,000 | 0 | % | 114.440 | 5,722,000.00 | 0.41 |
| PTOTEWOE0017 | 2.2500 % Republik Portugal Obr. 18/34 | EUR | 3,000,000 | 3,000,000 | 5,000,000 | % | 119.262 | 3,577,860.00 | 0.26 |
| PTOTEXOE0024 | 1.9500 % Republik Portugal Obr. 19/29 | EUR | 4,000,000 | 6,000,000 | 6,000,000 | % | 113.414 | 4,536,560.00 | 0.33 |
| PTOTEMOE0035 | 0.7000 % Republik Portugal Obr. 20/27 | EUR | 8,000,000 | 8,000,000 | 0 | % | 102.411 | 8,192,918.40 | 0.59 |
| XS2178857285 | 2.7500 % Republik Rumänien MTN 20/26 Reg.S | EUR | 2,850,000 | 2,850,000 | 0 | % | 101.116 | 2,881,803.44 | 0.21 |
| XS2178857954 | 3.6240 % Republik Rumänien MTN 20/30 Reg.S | EUR | 1,400,000 | 1,400,000 | 0 | % | 104.555 | 1,463,773.36 | 0.11 |
| XS2063268754 | 1.2500 % Royal Mail PLC Notes 19/26 | EUR | 850,000 | 0 | 0 | % | 94.067 | 799,568.91 | 0.06 |
| XS2176715584 | 0.1250 % SAP SE IHS 20/26  2) | EUR | 2,000,000 | 3,500,000 | 1,500,000 | % | 99.673 | 1,993,452.20 | 0.14 |
| XS2176715667 XS2010045198 | 0.3750 % SAP SE IHS 20/29 0.2500 % Schlumberger Finance | EUR | 2,000,000 | 4,600,000 | 2,600,000 | % | 99.599 | 1,991,971.20 | 0.14 |
| XS2166754957 | B.V. Notes 19/27 1.3750 % Schlumberger Finance | EUR | 4,400,000 | 4,400,000 | 0 | % | 92.318 | 4,061,970.00 | 0.29 |
|  | B.V. Notes 20/26 | EUR | 1,700,000 | 1,700,000 | 0 | % | 100.141 | 1,702,391.22 | 0.12 |
| FR0013067196 | 3.0000 % SCOR SE FLR Notes 15/46  2) | EUR | 1,600,000 | 0 | 0 | % | 109.409 | 1,750,545.60 | 0.13 |
| XS2075811781 XS2078735276 | 0.8750 % SES S.A. MTN 19/27 0.5000 % Shell International | EUR | 600,000 | 0 | 0 | % | 90.264 | 541,583.46 | 0.04 |
| XS2154418730 | Finance BV MTN 19/31 1.5000 % Shell International | EUR | 1,650,000 | 0 | 0 | % | 95.975 | 1,583,582.55 | 0.11 |
| XS1948598997 | Finance BV MTN 20/28 0.3750 % Skandinaviska Enskilda | EUR | 2,000,000 | 2,000,000 | 0 | % | 107.071 | 2,141,423.20 | 0.15 |
|  | Banken MT Cov. Bds 19/26 | EUR | 2,250,000 | 0 | 0 | % | 102.798 | 2,312,957.48 | 0.17 |
| SK4120010430 | 1.3750 % Slowakei Anl. 15/27 | EUR | 2,000,000 | 0 | 0 | % | 108.595 | 2,171,890.80 | 0.16 |
| XS1505573482 | 0.8750 % Snam S.p.A. MTN 16/26 | EUR | 1,150,000 | 0 | 2,000,000 | % | 100.532 | 1,156,119.38 | 0.08 |
| XS1615680151 FR0013311503 | 1.1250 % SNCF Réseau S.A. MTN 17/27 1.1250 % Société Générale S.A. | EUR | 4,000,000 | 0 | 0 | % | 107.503 | 4,300,100.00 | 0.31 |
| FR0013398831 | Non-Preferred MTN 18/25 0.7500 % Société Générale SFH | EUR | 2,600,000 | 2,000,000 | 0 | % | 99.933 | 2,598,269.70 | 0.19 |
| FR0013481207 | S.A. MT Obl.Fin.Hab. 19/27 0.0100 % Société Générale SFH | EUR | 3,900,000 | 0 | 0 | % | 106.153 | 4,139,983.38 | 0.30 |
|  | S.A. MT Obl.Fin.Hab. 20/30 | EUR | 5,000,000 | 5,000,000 | 0 | % | 100.153 | 5,007,642.00 | 0.36 |
| XS2163333656 XS1947550403 | 1.0000 % Sodexo S.A. Notes 20/29 0.5000 % Sparebank. Sør Boligkreditt | EUR | 3,100,000 | 3,100,000 | 0 | % | 97.528 | 3,023,364.28 | 0.22 |
|  | AS Mrtg.Cov. MTN 19/26 | EUR | 1,350,000 | 0 | 0 | % | 103.262 | 1,394,034.98 | 0.10 |
| XS2087639626 | 0.7500 % Stryker Corp. Notes 19/29 | EUR | 1,500,000 | 0 | 0 | % | 97.235 | 1,458,521.40 | 0.11 |
| FR0013445335 XS2049582542 | 1.6250 % Suez S.A. FLR Notes 19/Und. 0.0500 % Svenska Handelsbanken | EUR | 1,200,000 | 0 | 0 | % | 93.727 | 1,124,726.52 | 0.08 |
|  | AB Non-Pref. MTN 19/26  2) | EUR | 1,850,000 | 0 | 0 | % | 96.234 | 1,780,325.12 | 0.13 |
| XS1617859464 XS1946788194 | 1.0000 % Swedbank AB FLR MTN 17/27 0.5000 % Swedbank Hypotek | EUR | 1,200,000 | 0 | 0 | % | 97.742 | 1,172,902.44 | 0.08 |
| FR0013414158 | AB MT Cov. Bds 19/26 1.0000 % Synd. Transports Ile | EUR | 1,950,000 | 0 | 0 | % | 103.521 | 2,018,653.07 | 0.15 |
|  | de France MTN 19/34 | EUR | 800,000 | 0 | 0 | % | 107.248 | 857,985.92 | 0.06 |
| XS1729882024 | 2.2500 % Talanx AG FLR Nachr. Anl. 17/47 | EUR | 2,000,000 | 0 | 0 | % | 101.910 | 2,038,208.20 | 0.15 |
| XS1756296965 | 1.4470 % Telefonica Emisiones S.A.U. MTN 18/27 | EUR | 1,100,000 | 0 | 0 | % | 103.850 | 1,142,347.03 | 0.08 |
| XS1953240261 XS2086868010 | 2.1250 % Telia Company AB MTN 19/34 0.8750 % Tesco Corp. Treas. | EUR | 550,000 | 0 | 0 | % | 106.178 | 583,979.28 | 0.04 |
| XS1861206636 | Serv. PLC MTN 19/26 2.0000 % The Goldman Sachs | EUR | 2,160,000 | 2,160,000 | 0 | % | 97.065 | 2,096,603.57 | 0.15 |
| XS1788515606 | Group Inc. MTN 18/28 1.7500 % The Royal Bk of Scotld | EUR | 1,000,000 | 0 | 0 | % | 106.674 | 1,066,739.60 | 0.08 |
| XS2080205367 | Grp PLC FLR MTN 18/26 0.7500 % The Royal Bk of Scotld | EUR | 2,000,000 | 0 | 0 | % | 100.325 | 2,006,504.00 | 0.14 |
| XS1651071877 | Grp PLC FLR MTN 19/25 1.4000 % Thermo Fisher Scientific | EUR | 3,600,000 | 2,000,000 | 0 | % | 96.192 | 3,462,929.28 | 0.25 |
| XS2058556536 | Inc. Notes 17/26 0.5000 % Thermo Fisher Scientific | EUR | 1,450,000 | 0 | 0 | % | 103.783 | 1,504,857.27 | 0.11 |
|  | Inc. Notes 19/28 | EUR | 850,000 | 0 | 0 | % | 97.534 | 829,040.19 | 0.06 |
| XS1693818525 | 1.3750 % Total Capital Intl S.A. MTN 17/29  2) | EUR | 1,500,000 | 0 | 0 | % | 107.079 | 1,606,188.60 | 0.12 |
| XS2153409029 | 1.9940 % Total Capital Intl S.A. MTN 20/32 | EUR | 1,400,000 | 1,400,000 | 0 | % | 114.206 | 1,598,880.36 | 0.12 |
| XS1195202822 | 2.6250 % Total S.A. FLR MTN 15/Und.  2) | EUR | 2,000,000 | 2,000,000 | 0 | % | 103.089 | 2,061,770.00 | 0.15 |
| CH0409606354 | 1.2500 % UBS Group AG FLR Notes 18/25 | EUR | 1,150,000 | 0 | 0 | % | 101.547 | 1,167,793.61 | 0.08 |
| CH0336602930 | 1.2500 % UBS Group AG MTN 16/26 | EUR | 700,000 | 0 | 0 | % | 102.301 | 716,104.41 | 0.05 |
| XS1696445516 | 1.7500 % Ungarn Bonds 17/27 | EUR | 1,350,000 | 0 | 0 | % | 103.898 | 1,402,623.27 | 0.10 |
| XS1887498282 | 1.2500 % Ungarn Bonds 18/25 | EUR | 1,000,000 | 0 | 0 | % | 101.619 | 1,016,187.50 | 0.07 |

Explanations can be found in the footnotes below the table.

#### Investment portfolio at 31/05/2020
ISIN	Securities	Market	Shares/	Balance   Purchases Redemptions	Price	Market value	% of net
Units/	31/05/2020	EUR	assets
Currency	in the period under review
| FR0013330529	2.1250 % Unibail-Rodamco-Westfield SE FLR Bonds 18/Und.  2)	 EUR | 2,000,000 | 0 | 0 | % | 87.135 | 1,742,708.00 | 0.13 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| XS1953271225	4.8750 % UniCredit S.p.A. FLR MTN 19/29	EUR XS2017471553	1.2500 % UniCredit S.p.A. FLR | 2,000,000 | 0 | 0 | % | 101.188 | 2,023,753.00 | 0.15 |
| Preferred MTN 19/25	EUR XS1754213947	1.0000 % UniCredit S.p.A. Non- | 900,000 | 0 | 0 | % | 97.844 | 880,599.06 | 0.06 |
| Preferred MTN 18/23	EUR | 1,300,000 | 0 | 0 | % | 96.077 | 1,249,000.35 | 0.09 |
| XS2063547041	0.5000 % UniCredit S.p.A. Preferred MTN 19/25	EUR XS1979446843	1.5000 % Unio.di Banche Italiane | 1,400,000 | 0 | 0 | % | 94.363 | 1,321,075.98 | 0.10 |
| S.p.A. Preferred MTN 19/24	EUR FR0124665995	0.1250 % Union Natle Interp. | 700,000 | 0 | 0 | % | 98.173 | 687,211.14 | 0.05 |
| Em.Com.Ind. MTN 17/24	EUR FR0013369758	0.8750 % Union Natle Interp. | 5,000,000 | 5,000,000 | 0 | % | 101.182 | 5,059,095.50 | 0.37 |
| Em.Com.Ind. MTN 18/28	EUR FR0013410008	0.5000 % Union Natle Interp. | 2,000,000 | 0 | 0 | % | 106.487 | 2,129,742.40 | 0.15 |
| Em.Com.Ind. MTN 19/29	EUR | 1,200,000 | 0 | 0 | % | 103.368 | 1,240,418.40 | 0.09 |
| FR0013424876	1.1250 % Vivendi S.A. MTN 19/28	EUR XS2152058868	2.5000 % VOLKSW. FINANCIAL | 2,000,000 | 0 | 0 | % | 98.405 | 1,968,098.00 | 0.14 |
| SERVICES AG MTN 20/23  2)	 EUR | 1,350,000 | 2,650,000 | 1,300,000 | % | 103.042 | 1,391,063.49 | 0.10 |
| DE000A2R8ND3	0.6250 % Vonovia Finance B.V. MTN 19/27	EUR | 2,000,000 | 2,000,000 | 0 | % | 96.122 | 1,922,439.20 | 0.14 |
| XS1987097430	0.5000 % Wells Fargo & Co. MTN 19/24	EUR | 2,450,000 | 0 | 0 | % | 98.720 | 2,418,639.76 | 0.17 |
| Securities admitted to or included in regulated markets |  |  |  |  |  | 109,843,618.61 | 7.95 |
| Interest-bearing securities |  |  |  |  |  | 109,843,618.61 | 7.95 |
| EUR bonds |  |  |  |  |  | 97,437,775.40 | 7.05 |
| XS2006277508	0.7500 % América Móvil S.A.B. |  |  |  |  |  |  |  |
| de C.V. Notes 19/27	EUR | 1,850,000 | 0 | 0 | % | 95.703 | 1,770,499.21 | 0.13 |
| XS2166219720	0.6250 % ASML Holding N.V. Notes 20/29	EUR XS2082818951	1.1250 % Australia & N. Z. Bkg | 1,100,000 | 1,100,000 | 0 | % | 99.966 | 1,099,625.45 | 0.08 |
| Grp Ltd. FLR MTN 19/29	EUR ES0312298021	3.7500 % AYT Cedulas Ca.Gl.- | 1,250,000 | 0 | 0 | % | 97.499 | 1,218,741.25 | 0.09 |
| FTA-S.III AB Notes 05/22	EUR ES0413860398	0.8750 % Banco de Sabadell S.A. | 5,000,000 | 0 | 0 | % | 109.666 | 5,483,297.00 | 0.40 |
| Cédulas Hipotec. 14/21	EUR ES0413790413	0.7500 % Banco Santander S.A. | 3,000,000 | 0 | 0 | % | 101.493 | 3,044,781.60 | 0.22 |
| Cédulas Hipotec. 15/20	EUR ES0413900566	0.2500 % Banco Santander S.A. | 2,000,000 | 0 | 0 | % | 100.284 | 2,005,673.80 | 0.14 |
| Mortg.Cov. MTN 19/29  2)	 EUR ES0413900558	0.8750 % Banco Santander S.A. | 3,000,000 | 0 | 0 | % | 102.699 | 3,080,965.20 | 0.22 |
| Mortg.Cov. MTN 19/31	EUR | 1,500,000 | 0 | 0 | % | 109.374 | 1,640,610.60 | 0.12 |
| ES0413307119	0.8750 % BANKIA S.A. Cédulas Hipotec. 16/21	EUR ES0213307061	1.1250 % Bankia S.A. Non- | 3,300,000 | 0 | 0 | % | 100.632 | 3,320,841.48 | 0.24 |
| Preferred Bonos 19/26	EUR | 1,500,000 | 0 | 0 | % | 89.683 | 1,345,239.75 | 0.10 |
| ES0213307053	0.7500 % Bankia S.A. Preferred Bonos 19/26	EUR | 1,300,000 | 0 | 0 | % | 94.589 | 1,229,656.87 | 0.09 |
| ES0213679HN2	0.8750 % Bankinter S.A. Non-Pref. Obl. 19/26	EUR FR0013515749	1.2500 % Bque Fédérative du Cr. | 2,100,000 | 0 | 0 | % | 95.060 | 1,996,254.54 | 0.14 |
| Mutuel Non-Pref. MTN 20/30	EUR ES0440609248	2.6250 % Caixabank S.A. | 900,000 | 900,000 | 0 | % | 100.634 | 905,703.48 | 0.07 |
| Cédulas Hipotec. 14/24	EUR XS1907122656	1.5000 % Coca-Cola European | 3,200,000 | 0 | 0 | % | 110.576 | 3,538,416.00 | 0.26 |
| Partn. PLC Notes 18/27	EUR XS2051655095	0.7000 % Coca-Cola European | 1,350,000 | 0 | 0 | % | 104.440 | 1,409,934.06 | 0.10 |
| Partn. PLC Notes 19/31	EUR | 1,300,000 | 0 | 0 | % | 93.381 | 1,213,950.53 | 0.09 |
| XS2114852218	0.2500 % Comcast Corp. Notes 20/27	EUR | 1,100,000 | 1,100,000 | 0 | % | 97.378 | 1,071,162.95 | 0.08 |
| XS2114852564	0.7500 % Comcast Corp. Notes 20/32	EUR XS2050933972	3.2500 % Coöperatieve Rabobank | 1,800,000 | 1,800,000 | 0 | % | 96.685 | 1,740,331.44 | 0.13 |
| U.A. FLR Cap.Sec. 19/Und.	EUR | 1,800,000 | 0 | 0 | % | 93.764 | 1,687,759.74 | 0.12 |
| CH0494734418	0.6500 % Credit Suisse Group AG MTN 19/29	EUR XS2063495811	1.1250 % Digital Euro Finco | 1,850,000 | 0 | 0 | % | 94.136 | 1,741,516.93 | 0.13 |
| LLC Notes 19/28 Reg.S	EUR | 1,550,000 | 0 | 0 | % | 97.027 | 1,503,916.02 | 0.11 |
| FR0013431244	1.6250 % Engie S.A. FLR Notes 19/Und.	EUR ES0378641346	0.0500 % Fdo de Tit.D.Def.Sist. | 2,200,000 | 0 | 0 | % | 97.933 | 2,154,517.86 | 0.16 |
| Elec.FTA MT Bonos 19/24	EUR | 1,200,000 | 0 | 0 | % | 100.355 | 1,204,263.96 | 0.09 |
| ES0205032032	1.3820 % Ferrovial Emisiones S.A. Notes 20/26	EUR XS1721244371	1.8750 % Iberdrola International | 3,900,000 | 3,900,000 | 0 | % | 99.815 | 3,892,777.20 | 0.28 |
| B.V. FLR Notes 17/Und.	EUR | 2,100,000 | 0 | 0 | % | 100.659 | 2,113,842.57 | 0.15 |

Explanations can be found in the footnotes below the table.

#### Investment portfolio at 31/05/2020
ISIN	Securities	Market	Shares/	Balance   Purchases Redemptions	Price	Market value	% of net
Units/	31/05/2020	EUR	assets
Currency	in the period under review
| XS1890845875 | 3.2500 % Iberdrola International |  |
| --- | --- | --- |
| XS2053053273 | B.V. FLR Securit. 19/Und. 1.8750 % Mandatum Life Insurance | EUR | 1,100,000 | 0 | 0 | % | 106.527 | 1,171,799.31 | 0.08 |
|  | Co.Ltd FLR Notes 19/49 | EUR | 3,000,000 | 3,000,000 | 0 | % | 97.534 | 2,926,005.00 | 0.21 |
| ES0224244071 | 1.6250 % Mapfre S.A. Obl. 16/26 | EUR | 1,300,000 | 0 | 0 | % | 104.600 | 1,359,801.56 | 0.10 |
| XS2104886341 XS2004880832 | 1.1250 % Mexiko MTN 20/30  2) 0.5230 % Mizuho Financial | EUR | 1,000,000 | 1,000,000 | 0 | % | 88.608 | 886,080.80 | 0.06 |
|  | Group Inc. MTN 19/24 | EUR | 1,750,000 | 0 | 0 | % | 97.858 | 1,712,507.83 | 0.12 |
| XS2168625544 XS1172951508 | 0.5000 % PepsiCo Inc. Notes 20/28 2.7500 % Petróleos Mexicanos | EUR | 4,600,000 | 4,600,000 | 0 | % | 99.594 | 4,581,337.34 | 0.33 |
|  | (PEMEX) MTN 15/27  2) | EUR | 2,000,000 | 2,000,000 | 0 | % | 81.678 | 1,633,558.20 | 0.12 |
| XS1807430811 | 0.6250 % Provinz Ontario MTN 18/25 | EUR | 3,000,000 | 0 | 0 | % | 103.070 | 3,092,087.40 | 0.22 |
| XS2153608141 | 0.3750 % Provinz Ontario MTN 20/27 | EUR | 2,000,000 | 2,000,000 | 0 | % | 101.031 | 2,020,623.20 | 0.15 |
| XS1606720131 | 0.8750 % Provinz Quebec MTN 17/27 | EUR | 4,000,000 | 0 | 0 | % | 105.429 | 4,217,162.00 | 0.30 |
| XS2065939469 | 0.0000 % Provinz Quebec MTN 19/29 | EUR | 3,550,000 | 0 | 0 | % | 97.571 | 3,463,761.27 | 0.25 |
| IT0005402117 XS2114143758 | 1.4500 % Republik Italien B.T.P. 20/36 0.0500 % Santander Consumer | EUR | 7,000,000 | 7,000,000 | 0 | % | 94.622 | 6,623,505.00 | 0.48 |
| XS1806368897 | Bank AG Pfe. MTN 20/30  2) 1.7500 % Scentre Mgmt Ltd./ | EUR | 3,000,000 | 3,000,000 | 0 | % | 100.550 | 3,016,489.20 | 0.22 |
|  | RE1 a.Tr.1/2 MTN 18/28 | EUR | 900,000 | 0 | 0 | % | 95.521 | 859,688.01 | 0.06 |
| SK4000017158 XS2181959110 | 0.2500 % Slowakei Anl. 20/25 2.7140 % Swiss Re Finance [UK] | EUR | 4,050,000 | 4,050,000 | 0 | % | 102.050 | 4,133,037.15 | 0.30 |
| XS2066749461 | PLC FLR MTN 20/52 0.5020 % UniCredit Leasing Corp. | EUR | 700,000 | 700,000 | 0 | % | 102.119 | 714,833.00 | 0.05 |
| XS2115092954 | IFN SA Bonds 19/22 0.5000 % Whirlpool EMEA | EUR | 2,400,000 | 0 | 0 | % | 98.193 | 2,356,631.76 | 0.17 |
|  | Finance S.à r.l Notes 20/28 | EUR | 1,400,000 | 1,400,000 | 0 | % | 89.613 | 1,254,587.88 | 0.09 |
| USD bonds |  |  |  |  |  |  |  | 12,405,843.21 | 0.90 |
| US09247XAR26 | 1.9000 % Blackrock Inc. Notes 20/31 | USD | 2,600,000 | 2,600,000 | 0 | % | 102.177 | 2,392,265.97 | 0.17 |
| US31428XBY13 US59217HCS40 | 3.8000 % Fedex Corp. Notes 20/25 2.9500 % Metropolitan Life Global | USD | 2,500,000 | 2,500,000 | 0 | % | 109.816 | 2,472,219.50 | 0.18 |
| US29736RAQ39 | Fdg I MTN 20/30 Reg.S 2.6000 % The Estée Lauder | USD | 2,800,000 | 2,800,000 | 0 | % | 108.231 | 2,728,926.39 | 0.20 |
| XS1917910884 | Compan. Inc. Notes 20/30 7.8300 % UniCredit S.p.A. Non- | USD | 2,000,000 | 2,000,000 | 0 | % | 108.545 | 1,954,881.40 | 0.14 |
| XS1935310166 | Pref. MTN 18/23 Reg.S 6.5720 % UniCredit S.p.A. Non- | USD | 2,000,000 | 0 | 0 | % | 111.753 | 2,012,666.01 | 0.15 |
|  | Pref. MTN 19/22 Reg.S | USD | 900,000 | 0 | 0 | % | 104.249 | 844,883.94 | 0.06 |
| Securities fund units |  |  |  |  |  |  |  | 11,303,453.13 | 0.82 |

Group investment fund units	11,303,453.13	0.82
Luxembourg	11,303,453.13	0.82
LU1633810442	AGIF-Allianz Gl.Inf-Linked Bd
Inhaber Ant. WH Dis.	UNT	8,000	0	0 EUR  1,037.370	8,298,960.00	0.60
LU1297616101	Allianz GIF-Allianz Green Bond
Inhaber-Anteile W	UNT	2,860.169	0	0 EUR  1,050.460	3,004,493.13	0.22
Total securities 
3)	
EUR	1,336,959,488.00	96.48
Derivatives
(The positions marked with a minus sign have been sold)
Interest rate derivatives
Receivables/payables
| Interest rate futures contracts |  |  |  |  |  | 283,575.67 | 0.02 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| EURO Bobl Future (FGBM) Juni 20 | XEUR | EUR | -34,000,000 |  |  | -90,790.00 | -0.01 |
| EURO Bund Future (FGBL) Juni 20 | XEUR | EUR | -27,000,000 |  |  | 524,130.00 | 0.04 |
| EURO-BTP Future (FBTP) Juni 20 | XEUR | EUR | -3,000,000 |  |  | -150,430.00 | -0.01 |
| Long Gilt Future (FLG) Sep. 20 | IFEU | GBP | 1,000,000 |  |  | 665.67 | 0.00 |
| Options |  |  |  |  |  |  |  |
| Options on interest rate futures contracts |  |  |  |  |  | 83,479.29 | 0.01 |
| 10-Year Treas.Note Future |  |  |  |  |  |  |  |
| (TYA) Call Juli 20 140 10-Year Treas.Note Future | XCBT | USD  Quantity | 600 | USD | 0.156 | 84,421.43 | 0.01 |
| (TYA) Call Juli 20 140.5 10-Year Treas.Note Future | XCBT | USD  Quantity | 600 | USD | 0.109 | 59,095.00 | 0.00 |
| (TYA) Call Juli 20 144 10-Year Treas.Note Future | XCBT | USD  Quantity | -1,200 | USD | 0.031 | -33,768.57 | 0.00 |
| (TYA) Call Juli 20 144.5 | XCBT | USD  Quantity | -1,200 | USD | 0.031 | -33,768.57 | 0.00 |
| Explanations can be found in the footnotes below the table. |  |  |  |  |  |  |  |


#### Investment portfolio at 31/05/2020
ISIN	Securities	Market	Shares/	Balance   Purchases Redemptions	Price	Market value	% of net
Units/	31/05/2020	EUR	assets
Currency	in the period under review
| EURO Bund Future (FGBL) |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Put Juli 20 169	XEUR EURO Bund Future (FGBL) | EUR  Quantity | -750 | EUR | -0.030 | 22,500.00 | 0.00 |
| Put Juli 20 171	XEUR EURO Bund Future (FGBL) | EUR  Quantity | -750 | EUR | -0.050 | 37,500.00 | 0.00 |
| Put Juli 20 173.5	XEUR | EUR  Quantity | 750 | EUR | -0.070 | -52,500.00 | 0.00 |
| Total interest rate derivatives |  |  | EUR |  | 367,054.96 | 0.03 |
| Foreign exchange derivatives |  |  |  |  |  |  |  |
| Receivables/payables Cross Rate EUR/USD 2PM Fut. |  |  |  |  |  |  |  |
| (EUU) Put Juni 20 1.04 Cross Rate EUR/USD 2PM Fut. | XCME | USD  Quantity | -93,750,000 | USD | 0.000 | -4,221.07 | 0.00 |
| (EUU) Put Juni 20 1.06 Cross Rate EUR/USD 2PM Fut. | XCME | USD  Quantity | -93,750,000 | USD | 0.000 | -4,221.07 | 0.00 |
| (EUU)Put Juni 20 1.0775 | XCME | USD  Quantity | 93,750,000 | USD | 0.000 | 8,442.14 | 0.00 |
| Foreign exchange futures (sale) |  |  |  |  |  | 77,632.25 | 0.00 |
| Open positions |  |  |  |  |  |  |  |
| USD/EUR 4,600,000.00 | OTC |  |  |  |  | 77,632.25 | 0.00 |
| Total foreign exchange derivatives |  |  |  | EUR |  | 77,632.25 | 0.00 |
| Credit derivatives |  |  |  |  |  |  |  |
| Credit Default Swaps (CDS) CCP |  |  |  |  |  | -601,650.00 | -0.04 |
| Protection buyer |  |  |  |  |  | -601,650.00 | -0.04 |
| CDS ITRAXX EUROPE SEN |  |  |  |  |  |  |  |
| FINANCIALS S32 V1 5Y / |  |  |  |  |  |  |  |
| CSFBINT_LDN / 20.12.2024 | IFEU | EUR | 50,000,000 |  |  | -601,650.00 | -0.04 |
| Total credit derivatives | EUR |  | -601,650.00 | -0.04 |
| Bank deposits, money market instruments, money market funds and money market-related funds |  |  |  |  |
| Bank deposits |  |  |  |  |
| EUR deposits with custodial office |  |  |  |  |
| State Street Bank International GmbH	EUR	 16,950,940.49 | % | 100.000 | 16,950,940.49 | 1.22 |
| Deposits in other EU/EEA currencies |  |  |  |  |  |  |  |
| State Street Bank International GmbH | DKK | 394,665.30 | % | 100.000 | 52,942.52 | 0.00 |
| State Street Bank International GmbH | GBP | 253,867.57 | % | 100.000 | 281,652.60 | 0.02 |
| State Street Bank International GmbH | NOK | 153,660.73 | % | 100.000 | 14,186.14 | 0.00 |
| State Street Bank International GmbH | PLN | 95,330.00 | % | 100.000 | 21,431.14 | 0.00 |
| State Street Bank International GmbH | SEK | 53,818.80 | % | 100.000 | 5,119.63 | 0.00 |
| Deposits in non EU/EEA currencies |  |  |  |  |  |  |  |

| State Street Bank International GmbH | AUD | 94,286.64 |  | % | 100.000 | 56,504.74 | 0.00 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| State Street Bank International GmbH | CAD | 10,500.82 |  | % | 100.000 | 6,866.87 | 0.00 |
| State Street Bank International GmbH | CHF | 7,784.26 |  | % | 100.000 | 7,282.16 | 0.00 |
| State Street Bank International GmbH | JPY | 1,991,369.00 |  | % | 100.000 | 16,727.00 | 0.00 |
| State Street Bank International GmbH | MXN | 2,010,205.89 |  | % | 100.000 | 81,444.21 | 0.01 |
| State Street Bank International GmbH | USD | 2,854,417.05 |  | % | 100.000 | 2,570,389.06 | 0.19 |
| State Street Bank International GmbH | ZAR | 248,268.40 |  | % | 100.000 | 12,730.02 | 0.00 |
| Total bank deposits  12) |  |  |  | EUR |  | 20,078,216.58 | 1.44 |
| Commercial paper |  |  |  |  |  |  |  |
| EUR |  |  |  |  |  | 25,014,050.00 | 1.80 |
| IT0005399578 0.0000 % Republik |  |  |  |  |  |  |  |
| Italien Zero B.O.T. 20/20 | EUR | 25,000,000 | 25,000,000 | 0  % | 100.056 | 25,014,050.00 | 1.80 |
| Total money market paper | EUR | 25,014,050.00 | 1.80 |
| Total of bank deposits, money market instruments, money market funds and money market-related funds  30) | EUR | 45,092,266.58 | 3.24 |
| Other assets |  |  |  |  |  |  |
|  | Accrued interest | EUR | 5,794,012.95 |  | 5,794,012.95 | 0.42 |
|  | Receivables from securities loans | EUR | 53,419.76 |  | 53,419.76 | 0.00 |
|  | Receivables from unit transactions | EUR | 143,073.73 |  | 143,073.73 | 0.01 |
|  | Receivables from securities transactions Receivables from compensation | EUR | 3,289,744.52 |  | 3,289,744.52 | 0.24 |
|  | Interest/dividends | EUR | 511,678.50 |  | 511,678.50 | 0.04 |
|  | Receivables from initial margin CCP | EUR | 799,181.00 |  | 799,181.00 | 0.06 |
|  | Receivables from variation margin CCP | EUR | 601,650.00 |  | 601,650.00 | 0.04 |
| Total other assets |  |  |  | EUR | 11,192,760.46 | 0.81 |
| Other payables |  |  |  |  |  |  |
|  | Liabilities from securities loans | EUR | -16,025.84 |  | -16,025.84 | 0.00 |
|  | Liabilities from unit transactions | EUR | -4,878,492.86 |  | -4,878,492.86 | -0.35 |
|  | Liabilities from securities transactions | EUR | -1,593,880.00 |  | -1,593,880.00 | -0.12 |
|  | Accruals | EUR | -739,096.51 |  | -739,096.51 | -0.05 |
| Total other payables |  |  |  | EUR | -7,227,495.21 | -0.52 |
| Fund assets |  |  |  | EUR | 1,385,860,057.04 | 100.00 |
|  | Total units in circulation of all unit classes |  |  | STK | 15,281,566 |  |

2) 
These securities are wholly or partially transferred as securities loans.
3) 
The Fund’s securities are partially hedged through transactions with financial instruments.
12) 
These bank deposits have been transferred in whole or in part to a third party as collateral for centrally cleared derivatives.
30) 
Cash initial margins may be included in bank deposits.

#### Investment portfolio at 31/05/2020
| ISIN | Securities | Market | Shares/ Units/ Currency | Balance Purchases Redemptions 31/05/2020 in the period under review | Price | Market value EUR | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  | Liabilities from securities transactions |  | EUR | -1,593,880.00 |  | -1,593,880.00 | -0.12 |
|  | Accruals |  | EUR | -739,096.51 |  | -739,096.51 | -0.05 |
| Total other payables |  |  |  | EUR |  | -7,227,495.21 | -0.52 |
| Fund assets |  |  |  | EUR |  | 1,385,860,057.04 | 100.00 |
|  | Total units in circulation of all unit classes |  |  | STK |  | 15,281,566 |  |

2) 
These securities are wholly or partially transferred as securities loans.
3) 
The Fund’s securities are partially hedged through transactions with financial instruments.
12) 
These bank deposits have been transferred in whole or in part to a third party as collateral for centrally cleared derivatives.
30) 
Cash initial margins may be included in bank deposits.
| Securities |  | Shares/Nominal value in currency | Securities loans Market value EUR Closed maturity	Open maturity | Total |
| --- | --- | --- | --- | --- |
| Explanations of the securities loans The following securities are transferred as securities loans at the reporting date: 1.0000 % Agence Française Développement MTN 18/28 | EUR | 2,000,000 | 2,136,320.00 |  |
| 2.1240 % Assicurazioni Generali S.p.A. MTN 19/30 | EUR | 949,000 | 900,261.73 |  |
| 1.2500 % Avery Dennison Corp. Notes 17/25 | EUR | 500,000 | 500,461.45 |  |
| 1.0000 % Banco BPM S.p.A. MT Mortg. Cov. Bds 18/25 | EUR | 900,000 | 926,486.37 |  |
| 0.2500 % Banco Santander S.A. Mortg.Cov. MTN 19/29 | EUR | 1,500,000 | 1,540,482.60 |  |
| 1.1250 % Banco Santander S.A. Non-Pref. MTN 18/25 | EUR | 800,000 | 806,808.00 |  |
| 2.7500 % BPCE S.A. FLR MTN 15/27 | EUR | 600,000 | 618,357.36 |  |
| 1.7500 % Bundesrep.Deutschland Anl. 12/22 | EUR | 15,643,000 | 16,424,837.14 |  |
| 0.5000 % Bundesrep.Deutschland Anl. 16/26 | EUR | 7,899,000 | 8,414,330.76 |  |
| 0.0000 % Bundesrep.Deutschland Anl. 16/26 | EUR | 4,900,000 | 5,087,327.00 |  |
| 0.2500 % Bundesrep.Deutschland Anl. 17/27 | EUR | 3,010,000 | 3,182,232.20 |  |
| 0.5000 % Bundesrep.Deutschland Anl. 18/28 | EUR | 11,800,000 | 12,767,718.00 |  |
| 0.2500 % Bundesrep.Deutschland Anl. 19/29 | EUR | 3,840,000 | 4,095,282.82 |  |
| 0.0000 % Bundesrep.Deutschland Anl. 19/50 | EUR | 1,000,000 | 997,979.90 |  |
| 0.0000 % Bundesrep.Deutschland Anl. 20/30 | EUR | 11,649,000 | 12,150,604.78 |  |
| 1.1250 % Bureau Veritas SA Notes 19/27 | EUR | 1,100,000 | 1,041,774.14 |  |
| 1.3750 % Cais. d'Amort.de la Dette Soc. MTN 14/24 | EUR | 500,000 | 537,491.70 |  |
| 0.0100 % Caisse Refinancement l'Habitat Covered Bonds 19/26 | EUR | 500,000 | 505,267.80 |  |
| 2.3750 % Carmila S.A.S. Notes 16/24 | EUR | 900,000 | 887,291.46 |  |
| 2.1250 % Cassa Depositi e Prestiti SpA MTN 18/23 | EUR | 2,400,000 | 2,492,171.76 |  |
| 1.0000 % Cassa Depositi e Prestiti SpA MTN 20/30 | EUR | 1,100,000 | 1,024,328.47 |  |
| 1.0000 % Cellnex Telecom S.A. MTN 20/27 | EUR | 800,000 | 750,131.84 |  |
| 0.3750 % Continental AG MTN 19/25 | EUR | 800,000 | 755,748.08 |  |
| 0.0500 % DZ HYP AG MTN Hyp.-Pfe. R.1215 19/29 | EUR | 799,000 | 807,805.70 |  |
| 0.8750 % Eika BoligKreditt A.S. MT Cov. MTN 19/29 | EUR | 2,449,000 | 2,619,193.74 |  |
| 1.6250 % EnBW Energie Baden-Württem. AG FLR Anl. 19/79 | EUR | 600,000 | 581,121.48 |  |
| 3.3750 % ENEL S.p.A. FLR Cap. Secs 18/81 | EUR | 349,000 | 361,422.45 |  |
| 0.6250 % ENI S.p.A. MTN 20/30 | EUR | 800,000 | 748,707.60 |  |
| 3.0000 % Europ.Fin.Stab.Facility (EFSF) MTN 13/34 | EUR | 1,800,000 | 2,579,993.82 |  |
| 0.7500 % Europ.Fin.Stab.Facility (EFSF) MTN 17/27 | EUR | 2,800,000 | 3,073,253.96 |  |
| 0.0500 % Europ.Fin.Stab.Facility (EFSF) MTN 19/29 | EUR | 4,200,000 | 4,314,355.50 |  |
| 0.8750 % Europ.Fin.Stab.Facility (EFSF) MTN 19/35 | EUR | 3,999,000 | 4,484,189.47 |  |
| 3.0000 % Europäische Union MTN 11/26 | EUR | 800,000 | 964,753.92 |  |
| 1.0000 % Europäischer Stabilitäts.(ESM) MTN 15/25 | EUR | 5,500,000 | 5,904,646.55 |  |
| 0.5000 % Europäischer Stabilitäts.(ESM) MTN 19/29 | EUR | 3,099,000 | 3,295,511.93 |  |
| 1.1250 % European Investment Bank MTN 17/33 | EUR | 2,500,000 | 2,888,703.50 |  |
| 2.1250 % Groupama Assurances Mutuelles Notes 19/29 | EUR | 1,000,000 | 945,591.90 |  |
| 0.8750 % Hera S.p.A. MTN 19/27 | EUR | 499,000 | 497,462.63 |  |
| 2.1250 % InterContinental Hotels Group MTN 18/27 | EUR | 600,000 | 564,261.72 |  |
| 0.0000 % International Bank Rec. Dev. MTN 20/30 | EUR | 1,800,000 | 1,801,781.28 |  |
| 1.7500 % Intesa Sanpaolo S.p.A. Pref. MTN 19/29 | EUR | 1,270,000 | 1,227,168.62 |  |
| 0.6500 % Intl Business Machines Corp. Notes 20/32 | EUR | 1,781,000 | 1,705,869.76 |  |
| 2.0000 % JCDecaux S.A. Bonds 20/24 | EUR | 2,300,000 | 2,253,206.27 |  |
| 0.0000 % Königreich Belgien Bons d'Etat 20/27 | EUR | 4,500,000 | 4,555,305.45 |  |
| 0.9000 % Königreich Belgien Obl. Lin. 19/29 | EUR | 1,000,000 | 1,088,770.00 |  |
| 1.7000 % Königreich Belgien Obl. Lin. 19/50 | EUR | 1,799,000 | 2,286,312.94 |  |
| 0.4000 % Königreich Belgien Obl. Lin. 20/40 | EUR | 8,900,000 | 8,665,432.49 |  |

| Securities |  | Shares/Nominal value in currency | Securities loans Market value EUR Closed maturity	Open maturity | Total |
| --- | --- | --- | --- | --- |
| 4.5000 % Königreich Belgien Obl. Lin. S.64 11/26 | EUR | 5,499,000 | 7,056,921.69 |  |
| 0.2000 % Königreich Belgien Obl. Lin. S.79 16/23 | EUR | 8,999,000 | 9,214,526.05 |  |
| 3.2500 % Königreich Niederlande Anl. 11/21 | EUR | 6,999,000 | 7,298,277.24 |  |
| 2.5000 % Königreich Niederlande Anl. 12/33 | EUR | 3,999,000 | 5,353,860.80 |  |
| 2.0000 % Königreich Niederlande Anl. 14/24 | EUR | 9,999,000 | 11,064,593.43 |  |
| 0.7500 % Königreich Niederlande Anl. 17/27 | EUR | 7,998,000 | 8,664,633.30 |  |
| 0.5000 % Königreich Niederlande Anl. 19/40 | EUR | 3,999,000 | 4,388,342.24 |  |
| 0.3750 % Kreditanst.f.Wiederaufbau Anl. 18/25 | EUR | 500,000 | 519,787.95 |  |
| 0.6250 % Kreditanst.f.Wiederaufbau Anl. 18/28 | EUR | 999,000 | 1,070,146.68 |  |
| 0.5000 % La Banq. Postale Home Loan SFH MT Obl.FinHab 19/26 | EUR | 500,000 | 518,971.35 |  |
| 1.3750 % La Banque Postale Non-Pref. MTN 19/29 | EUR | 1,200,000 | 1,227,123.60 |  |
| 0.5000 % Mediobanca - Bca Cred.Fin. SpA Mortg.Cov.MTN 19/26 | EUR | 1,099,000 | 1,120,332.36 |  |
| 1.1250 % Mexiko MTN 20/30 | EUR | 800,000 | 708,864.64 |  |
| 1.1250 % Pernod-Ricard S.A. Bonds 20/25 | EUR | 1,500,000 | 1,530,475.35 |  |
| 2.7500 % Petróleos Mexicanos (PEMEX) MTN 15/27 | EUR | 1,400,000 | 1,143,490.74 |  |
| 1.7500 % Rep. Frankreich OAT 13/23 | EUR | 14,999,000 | 16,034,980.93 |  |
| 1.0000 % Rep. Frankreich OAT 16/27 | EUR | 17,997,000 | 19,569,937.80 |  |
| 0.7500 % Rep. Frankreich OAT 17/28 | EUR | 18,999,000 | 20,446,341.92 |  |
| 0.6500 % Republik Italien B.T.P. 16/23 | EUR | 16,999,000 | 17,048,807.07 |  |
| 3.0000 % Republik Italien B.T.P. 19/29 | EUR | 4,999,000 | 5,683,212.63 |  |
| 2.4000 % Republik Österreich Bundesanl. 13/34 | EUR | 1,999,000 | 2,654,403.53 |  |
| 0.5000 % Republik Österreich MTN 19/29 | EUR | 5,498,000 | 5,821,856.95 |  |
| 3.8750 % Republik Portugal Obr. 14/30 | EUR | 3,998,000 | 5,274,881.24 |  |
| 0.0500 % Santander Consumer Bank AG Pfe. MTN 20/30 | EUR | 2,500,000 | 2,513,741.00 |  |
| 0.1250 % SAP SE IHS 20/26 | EUR | 900,000 | 897,053.49 |  |
| 3.0000 % SCOR SE FLR Notes 15/46 | EUR | 1,500,000 | 1,641,136.50 |  |
| 0.0500 % Svenska Handelsbanken AB Non-Pref. MTN 19/26 | EUR | 500,000 | 481,168.95 |  |
| 1.3750 % Total Capital Intl S.A. MTN 17/29 | EUR | 500,000 | 535,396.20 |  |
| 2.6250 % Total S.A. FLR MTN 15/Und. | EUR | 1,200,000 | 1,237,062.00 |  |
| 2.1250 % Unibail-Rodamco-Westfield SE FLR Bonds 18/Und. | EUR | 1,000,000 | 871,354.00 |  |
| 2.5000 % VOLKSW. FINANCIAL SERVICES AG MTN 20/23 | EUR | 256,000 | 263,786.85 |  |
| Total nominal value of the reimbursement claims from securities loans: | EUR |  | 298,613,986.52 | 298,613,986.52 |
| Total nominal value of the collateral for securities loans granted by third parties: | EUR |  |  | 319,190,495.48 |
| Thereof: | EUR |  |  |  |
| Equities | EUR |  | 76,421,442.76 |  |
| Debt | EUR |  | 242,769,052.72 |  |

| Securities |  | total |
| --- | --- | --- |
| Total nominal value of the bank deposits used |  |  |
| as collateral to third parties for centrally cleared |  |  |
| derivatives | EUR | 1,400,831.00 |
| Total current value of securities that have been |  |  |
| pledged to third parties as margin collateral for |  |  |
| futures: | EUR | 13,010,805.00 |


#### Allianz Rentenfonds A (EUR)
ISIN	DE0008471400
Fund assets	1,298,388,459.88
Units in circulation	14,928,923.104
Unit value	86.97
Allianz Rentenfonds IT2 (EUR)
| ISIN | DE000A2AMPP5 |
| --- | --- |
| Fund assets | 261,281.87 |
| Units in circulation | 254.246 |
| Unit value | 1,027.67 |
| Allianz Rentenfonds P (EUR) |  |
| ISIN | DE0009797415 |
| Fund assets | 57,271,705.03 |
| Units in circulation | 47,215.350 |
| Unit value | 1,212.99 |
| Allianz Rentenfonds P2 (EUR) |  |
| ISIN | DE0009797654 |
| Fund assets | 29,926,266.90 |
| Units in circulation | 305,052.791 |
| Unit value | 98.10 |
| Allianz Rentenfonds R (EUR) |  |
| ISIN | DE000A2DU1G9 |
| Fund assets | 12,343.36 |
| Units in circulation | 120.884 |
| Unit value | 102.11 |


### Securities prices/market rates

##### Fund assets were valued on the basis of the following prices/market rates:
International bonds: prices as at 28/05/2020 or last known
All other assets: prices/market rates as at 29/05/2020 or last known

### Additional information on valuations
The valuation is conducted by the investment management company (IMC).
Equities, subscription rights, exchange-traded funds (ETFs), participation certificates, bonds and exchange-traded derivatives are valued at their market price, provided that a market price is available.
Bonds for which no market price is available are valued at validated broker prices or with the help of regularly reviewed models and on the basis of relevant market information.
Participation certificates for which no market prices are available are valued at the mean of the bid-ask-spread.
Derivatives and subscription rights which are not traded on the market are valued with the help of regularly reviewed models and on the basis of relevant market information.
Investment fund units are valued at the redemption price published by the relevant investment company.
Bank deposits and other assets are valued at their nominal value, term deposits at their current value and liabilities at the repayment value.
Unlisted equities and shareholdings are valued at the current value, which is carefully determined with the help of suitable valuation models, taking account of the current market situation.
The investments reported in this semi-annual report, amounting to 96.47% of fund assets, are valued at stock market trading prices or market prices and 0.00% at imputed current market values and/or verified brokers’ quotations. The remaining 3.53% of fund assets consists of other assets, other liabilities and cash.

#### Exchange rate(s) and/or conversion factor(s) (indirect quotation) as at 29/05/2020
| UK, Pound Sterling | (GBP) | 1 Euro = GBP | 0.90135 |
| --- | --- | --- | --- |
| Denmark, Krone | (DKK) | 1 Euro = DKK | 7.45460 |
| Norway, Krone | (NOK) | 1 Euro = NOK | 10.83175 |
| Sweden, Krona | (SEK) | 1 Euro = SEK | 10.51225 |
| Switzerland, Franc | (CHF) | 1 Euro = CHF | 1.06895 |
| Poland, Zloty | (PLN) | 1 Euro = PLN | 4.44820 |
| South Africa, Rand | (ZAR) | 1 Euro = ZAR | 19.50260 |
| USA, Dollar | (USD) | 1 Euro = USD | 1.11050 |
| Canada, Dollar | (CAD) | 1 Euro = CAD | 1.52920 |
| Mexico, Peso | (MXN) | 1 Euro = MXN | 24.68200 |
| Japan, Yen | (JPY) | 1 Euro = JPY | 119.05115 |
| Australia, Dollar | (AUD) | 1 Euro = AUD | 1.66865 |
| Market key |  |  |  |
| Financial futures exchanges |  |  |  |
| IFEU | = | London - ICE Futures Europe |
| XCBT | = | Chicago - Chicago Board of Trade (CBOT) |
| XCME |  | Chicago - Chicago Mercantile Exchange (CME) |
| XEUR OTC-dealt derivatives OTC | = = | Eurex (Eurex Frankfurt/Eurex Zürich) Over-the-Counter |
| Capital measures |  |  |

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

#### Transactions carried out during the reporting period no longer listed in the investment portfolio:
– purchases and redemptions of securities, fund units and borrower’s note loans (market allocations as per reporting date):
ISIN	Securities	Shares/	Purchases	Redemptions Units/
Currency
Exchange-traded securities Interest-bearing securities EUR bonds
| XS2025466413 | 0.6250 % Abertis Infraestructuras S.A. MTN 19/25 | EUR | 0 | 600,000 |
| --- | --- | --- | --- | --- |
| XS2025480596 | 1.6250 % Abertis Infraestructuras S.A. MTN 19/29 | EUR | 0 | 900,000 |
| FR0013399029 | 1.7500 % ACCOR S.A. Bonds 19/26 | EUR | 0 | 1,500,000 |
| XS1508912646 | 1.0000 % ACEA S.p.A. MTN 26/26 2 | EUR | 0 | 950,000 |
| XS2018636600 | 0.2500 % Ahold Delhaize N.V., Konkinkl. Notes 19/25 | EUR | 0 | 650,000 |
| XS2166122304 | 0.5000 % Air Products & Chemicals Inc. Notes 20/28 | EUR | 800,000 | 800,000 |
| XS2159791990 | 1.9500 % American Honda Finance Corp. MTN S.A 20/24 | EUR | 1,000,000 | 1,000,000 |
| FR0013464815 | 0.7500 % Arkema S.A. MTN 19/29 | EUR | 0 | 1,100,000 |
| FR0013416146 | 2.3750 % Auchan Holding S.A. MTN 19/25 | EUR | 0 | 1,700,000 |
| XS2079713322 | 0.3750 % Banco Bilbao Vizcaya Argent. Preferred MTN 19/26 | EUR | 0 | 1,500,000 |
| XS1228148158 | 0.3750 % Bank of Irel.Mortgage Bank PLC MTN 15/22 | EUR | 0 | 4,500,000 |
| XS1577962084 | 1.3000 % Baxter International Inc. Notes 17/25 | EUR | 0 | 1,000,000 |
| XS1998215559 | 1.3000 % Baxter International Inc. Notes 19/29 | EUR | 0 | 1,050,000 |
| XS2002532567 | 0.6320 % Becton Dickinson Euro Fin.Sarl Notes 19/23 | EUR | 0 | 750,000 |
| XS1910245676 | 1.0000 % BMW Finance N.V. MTN 18/24 | EUR | 0 | 1,000,000 |
| DE0001135499 | 1.5000 % Bundesrep.Deutschland Anl. 12/22 | EUR | 0 | 10,000,000 |
| DE0001102515 | 0.0000 % Bundesrep.Deutschland Anl. 20/35 | EUR | 5,600,000 | 5,600,000 |
| XS1645495349 | 2.7500 % Caixabank S.A. FLR MTN 17/28 | EUR | 0 | 2,500,000 |
| XS1614722806 | 1.1250 % Caixabank S.A. MTN 17/24 | EUR | 0 | 1,800,000 |
| XS1897489578 | 1.7500 % Caixabank S.A. Non-Preferred MTN 18/23 | EUR | 0 | 1,100,000 |
| FR0013507878 | 2.3750 % Capgemini SE Notes 20/32 | EUR | 1,400,000 | 1,400,000 |
| FR0013419736 | 1.0000 % Carrefour S.A. MTN 19/27 | EUR | 0 | 1,500,000 |
| XS1605365193 | 1.3750 % Credit Agricole S.A. (Ldn Br.) MTN 17/27 | EUR | 0 | 1,300,000 |
| DE000A2YNZV0 | 0.0000 % Daimler AG MTN 19/24 | EUR | 0 | 2,050,000 |
| XS2147994995 | 1.7000 % Danaher Corp. Notes 20/24 | EUR | 950,000 | 950,000 |
| XS2147995299 | 2.1000 % Danaher Corp. Notes 20/26 | EUR | 650,000 | 650,000 |
| FR0013495181 | 0.5710 % Danone S.A. MTN 20/27 | EUR | 600,000 | 600,000 |
| XS2152932542 | 0.5000 % Deutsche Bahn Finance GmbH MTN 20/27 | EUR | 550,000 | 550,000 |
| XS1917358621 | 1.6250 % Deutsche Post AG MTN 18/28 | EUR | 0 | 1,650,000 |
| XS2047500769 | 0.0000 % E.ON SE MTN 19/24 | EUR | 0 | 2,150,000 |
| XS2152899584 | 1.0000 % E.ON SE MTN 20/25 | EUR | 850,000 | 850,000 |
| XS1222590488 | 2.0000 % EDP Finance B.V. MTN 15/25 | EUR | 0 | 1,500,000 |
| XS1721051495 | 1.5000 % EDP Finance B.V. MTN 17/27 | EUR | 3,300,000 | 3,300,000 |
| FR0013367612 | 4.0000 % Electricité de France (E.D.F.) FLR Notes 18/Und. | EUR | 0 | 500,000 |
| FR0013464922 | 3.0000 % Electricité de France (E.D.F.) FLR Notes 19/Und. | EUR | 0 | 600,000 |
| XS2113885011 | 0.3750 % Elenia Finance Oyj MTN 20/27 | EUR | 1,250,000 | 1,250,000 |
| XS1953833750 | 1.1250 % Elisa Oyj MTN 19/26 | EUR | 0 | 550,000 |
| XS1937665955 | 1.5000 % ENEL Finance Intl N.V. MTN 19/25 | EUR | 0 | 1,350,000 |
| XS2066706909 | 0.3750 % ENEL Finance Intl N.V. MTN 19/27 | EUR | 0 | 1,150,000 |
| XS2066706735 | 1.1250 % ENEL Finance Intl N.V. MTN 19/34 | EUR | 0 | 700,000 |
| XS2176785447 | 2.0000 % ENI S.p.A. MTN 20/31 | EUR | 3,050,000 | 3,050,000 |
| XS2009943379 | 1.1250 % Euronext N.V. Notes 19/29 | EUR | 0 | 800,000 |
| XS1753042743 | 1.5000 % European Investment Bank MTN 18/48 | EUR | 0 | 2,000,000 |
| XS2001270995 | 0.6250 % FCA Bank S.p.A. (Irish Branch) MTN 19/22 | EUR | 0 | 1,200,000 |
| XS1956028168 | 0.8750 % Fortum Oyj MTN 19/23 | EUR | 0 | 1,250,000 |
| XS2084510069 | 0.2500 % Fresenius Medical Care KGaA MTN 19/23 | EUR | 0 | 1,450,000 |
| XS2084497705 | 0.6250 % Fresenius Medical Care KGaA MTN 19/26 | EUR | 0 | 1,650,000 |
| XS1795409082 | 2.5000 % Gaz Capital S.A. MT LPN GAZPROM 18/26 | EUR | 0 | 2,000,000 |
| XS2100788780 | 0.4500 % General Mills Inc. Notes 20/26 | EUR | 1,550,000 | 1,550,000 |
| XS1939356645 | 2.2000 % General Motors Financial Co. MTN 19/24 | EUR | 0 | 1,150,000 |
| XS2126170161 | 1.6250 % Givaudan Finance Europe B.V. MTN 20/32 | EUR | 350,000 | 350,000 |
| GR0118020685 | 2.0000 % Griechenland Notes 20/27 | EUR | 5,400,000 | 5,400,000 |
| XS1853999313 | 1.8750 % Ignitis Group UAB MTN 18/28 | EUR | 0 | 1,050,000 |
| XS1590041478 | 0.0500 % Instituto de Credito Oficial MTN 17/20 | EUR | 0 | 3,400,000 |
| XS1979491559 | 0.2000 % Instituto de Credito Oficial MTN 19/24 | EUR | 0 | 700,000 |
| XS1551306951 | 1.3750 % Intesa Sanpaolo S.p.A. MTN 17/24 | EUR | 0 | 1,450,000 |
| XS2065601937 | 0.8750 % Iren S.p.A. MTN 19/29 | EUR | 0 | 1,100,000 |
| FR0013512407 | 0.7500 % Kering S.A. MTN 20/28 | EUR | 1,000,000 | 1,000,000 |

| ISIN | Securities | Shares/ Units/ Currency | Purchases | Redemptions |
| --- | --- | --- | --- | --- |
| BE0000335449 | 1.0000 % Königreich Belgien Obl. Lin. S.75 15/31 | EUR | 1,000,000 | 6,000,000 |
| ES00000128H5 | 1.3000 % Königreich Spanien Obligaciones 16/26 | EUR | 11,000,000 | 11,000,000 |
| ES00000128P8 | 1.5000 % Königreich Spanien Obligaciones 17/27 | EUR | 0 | 8,500,000 |
| XS2149368529 | 1.3750 % Koninklijke Philips N.V. MTN 20/25 | EUR | 500,000 | 500,000 |
| XS2149379211 | 2.0000 % Koninklijke Philips N.V. MTN 20/30 | EUR | 250,000 | 250,000 |
| XS2001175657 | 0.5000 % Koninklijke Philips N.V. Notes 19/26 | EUR | 0 | 1,400,000 |
| DE000A2GSNV2 | 0.1250 % Kreditanst.f.Wiederaufbau Anl. 18/23 | EUR | 5,000,000 | 5,000,000 |
| FR0013506508 | 0.7500 % LVMH Moët Henn. L. Vuitton SE MTN 20/25 | EUR | 1,500,000 | 1,500,000 |
| FR0013482841 | 0.3750 % LVMH Moët Henn. L. Vuitton SE MTN 20/31 | EUR | 1,700,000 | 1,700,000 |
| XS2023644540 | 0.8750 % Merck Financial Services GmbH MTN 19/31 | EUR | 0 | 1,200,000 |
| XS2011260531 | 1.6250 % Merck KGaA FLR Sub.Anl. 19/79 | EUR | 0 | 600,000 |
| XS2148372696 | 1.1250 % Nestlé Finance Intl Ltd. MTN 20/26 | EUR | 900,000 | 900,000 |
| XS2170362672 | 0.1250 % Nestlé Finance Intl Ltd. MTN 20/27 | EUR | 3,850,000 | 3,850,000 |
| XS2148390755 | 1.5000 % Nestlé Finance Intl Ltd. MTN 20/30 | EUR | 550,000 | 550,000 |
| XS2107435617 | 0.2500 % New York Life Global Funding MTN 20/27 | EUR | 1,000,000 | 1,000,000 |
| FR0013456431 | 0.5000 % Pernod-Ricard S.A. Bonds 19/27 | EUR | 0 | 900,000 |
| XS2089322098 | 1.3750 % RAI-Radiotele. Italiana S.p.A. Notes 19/24 | EUR | 600,000 | 600,000 |
| XS2103013210 | 0.3750 % Red Eléctrica Financ. S.A.U. MTN 20/28 | EUR | 800,000 | 800,000 |
| FR0013329315 | 1.0000 % Renault S.A. MTN 18/24 | EUR | 0 | 1,100,000 |
| XS2100404396 | 0.9000 % Republik Indonesien Notes 20/27 | EUR | 2,800,000 | 2,800,000 |
| PTOTEKOE0011 | 2.8750 % Republik Portugal Obr. 15/25 | EUR | 0 | 11,000,000 |
| XS2027596530 | 2.1240 % Republik Rumänien MTN 19/31 Reg.S | EUR | 0 | 1,000,000 |
| XS2109812508 | 2.0000 % Republik Rumänien MTN 20/32 Reg.S | EUR | 750,000 | 750,000 |
| FR0013505104 | 1.0000 % Sanofi S.A. MTN 20/25 | EUR | 600,000 | 600,000 |
| FR0013505112 | 1.5000 % Sanofi S.A. MTN 20/30 | EUR | 500,000 | 500,000 |
| FR0013506862 | 1.0000 % Schneider Electric SE MTN 20/27 | EUR | 400,000 | 400,000 |
| XS2078734626 | 0.1250 % Shell International Finance BV MTN 19/27 | EUR | 0 | 850,000 |
| XS2154419118 | 1.8750 % Shell International Finance BV MTN 20/32 | EUR | 1,200,000 | 1,200,000 |
| FR0013372299 | 1.1250 % Société du Grand Paris MTN 18/28 | EUR | 0 | 1,300,000 |
| FR0013409612 | 1.1250 % Société du Grand Paris MTN 19/34 | EUR | 0 | 1,300,000 |
| FR0013403441 | 1.2500 % Société Générale S.A. Non-Preferred MTN 19/24 | EUR | 0 | 900,000 |
| XS2087622069 | 0.2500 % Stryker Corp. Notes 19/24 | EUR | 0 | 1,500,000 |
| XS2169243479 | 0.3750 % Swisscom Finance B.V. Notes 20/28 | EUR | 1,000,000 | 1,000,000 |
| XS1907150350 | 1.1250 % Tele2 AB MTN 18/24 | EUR | 0 | 1,000,000 |
| XS1987142673 | 0.5000 % The Bank of Nova Scotia MTN 19/24 | EUR | 0 | 2,350,000 |
| XS1967003747 | 0.3750 % The Export-Import Bk of Korea MTN 19/24 | EUR | 0 | 1,250,000 |
| XS2058556296 | 0.1250 % Thermo Fisher Scientific Inc. Notes 19/25 | EUR | 0 | 850,000 |
| XS2153406868 | 1.4910 % Total Capital Intl S.A. MTN 20/27 | EUR | 1,100,000 | 1,100,000 |
| XS2156236452 | 2.2800 % Toyota Finance Australia Ltd. MTN 20/27 | EUR | 850,000 | 850,000 |
| FR0013405032 | 1.0000 % Unibail-Rodamco-Westfield SE MTN 19/27 | EUR | 0 | 1,200,000 |
| XS2067213913 | 1.6250 % Unio.di Banche Italiane S.p.A. Non-Pref. MTN 19/25 | EUR | 0 | 2,200,000 |
| XS2009891479 | 0.5000 % Vattenfall AB MTN 19/26 | EUR | 0 | 500,000 |
| FR0013210416 | 0.9270 % Veolia Environnement S.A. MTN 16/29 | EUR | 0 | 2,000,000 |
| XS2152062209 | 3.0000 % VOLKSW. FINANCIAL SERVICES AG MTN 20/25 | EUR | 2,350,000 | 2,350,000 |
| XS1629658755 | 2.7000 % Volkswagen Intl Finance N.V. FLR Notes 17/Und. | EUR | 0 | 1,400,000 |
| FR0013448032 | 0.2500 % Worldline S.A. Obl. 19/24 | EUR | 0 | 1,800,000 |
| XS2010040124 | 1.2500 % ZF Europe Finance B.V. Notes 19/23 | EUR | 0 | 800,000 |
| USD bonds |  |  |  |  |
| USG82016AF62 | 2.5000 % Sinopec Grp Ov.Dev.(2018) Ltd. Notes 19/24 Reg.S | USD | 0 | 2,000,000 |

Securities admitted to or included in regulated markets Interest-bearing securities
EUR bonds
| FR0013457058 | 0.5000 % Action Logement Services SAS MTN 19/34 | EUR | 0 | 1,600,000 |
| --- | --- | --- | --- | --- |
| ES0200002006 | 1.8750 % Adif - Alta Velocidad MTN 15/25 | EUR | 0 | 2,000,000 |
| ES0200002048 | 0.9500 % Adif - Alta Velocidad MTN 19/27 | EUR | 0 | 900,000 |
| FR0013484458 | 0.5000 % BNP Paribas S.A. FLR Non-Pref. MTN 20/28 | EUR | 1,300,000 | 1,300,000 |
| ES0422714123 | 0.8750 % Cajamar Caja Rural, S.C.Créd. Cédulas Hipot. 18/23 | EUR | 0 | 1,300,000 |
| XS2134245138 | 1.7500 % Coca-Cola European Partn. PLC Notes 20/26 | EUR | 750,000 | 750,000 |
| BE6321529396 | 0.8750 % Elia Transm. Belgium N.V. MTN 20/30 | EUR | 1,300,000 | 1,300,000 |
| XS2108494837 | 3.3750 % Erste Group Bank AG FLR MTN 20/Und. | EUR | 600,000 | 600,000 |
| XS2075185228 | 0.9000 % Harley Davidson Finl Serv.Inc. Notes 19/24 | EUR | 0 | 850,000 |
| XS1963744260 | 0.9000 % McDonald’s Corp. MTN 19/26 | EUR | 0 | 1,200,000 |
| XS2104985598 | 0.7000 % Philippinen Bonds 20/29 | EUR | 2,000,000 | 2,000,000 |
| XS2010032709 | 0.2500 % Schlumberger Finance B.V. Notes Tr.2 19/27 | EUR | 7,400,000 | 7,400,000 |
| XS2118276026 | 0.2500 % Siemens Finan.maatschappij NV MTN 20/26 | EUR | 2,000,000 | 2,000,000 |

| ISIN | Securities | Shares/ Units/ Currency | Purchases | Redemptions |
| --- | --- | --- | --- | --- |
| XS2054209320 | 0.4520 % Wintershall Dea Finance B.V. Notes 19/23 | EUR | 0 | 1,700,000 |
| USD bonds |  |  |  |  |
| US571903BD44 | 5.7500 % Marriott International Inc. Notes S.EE 20/25 | USD | 450,000 | 450,000 |
| Commercial paper |  |  |  |  |
| EUR |  |  |  |  |
| IT0005365454 | 0.0000 % Republik Italien Zero B.O.T. 19/20 | EUR | 15,000,000 | 15,000,000 |
| IT0005389587 | 0.0000 % Republik Italien Zero B.O.T. 19/20 | EUR | 4,000,000 | 4,000,000 |
|  |  |  |  |  |
|  | Securities | Shares/ |  | Volume |
|  |  | Units/ |  | in ’000 |
|  |  | Currency |  |  |
| Derivatives |  |  |  |  |

(Option premiums and/or contract volumes pertaining to opening transactions; in the case of warrants, purchases and redemptions are indicated.)
Futures contracts
Interest rate futures contracts
Contracts purchased:	EUR	3,270,457 (Underlying(s): 3M Eurodollar (ED) IRF Juni 20. 3M Eurodollar (ED) IRF Juni 21. 3M Eurodollar (ED) IRF März 20. 3M Eurodollar (ED)
IRFMärz 21. EURO Bund Future (FGBL) März 20, EURO-BTP Future (FBTP) März 20, Ten-Year US Treasury Note Future (TY) Juni 20,Ten-Year US Treasury Note Future (TY) März 20, US Treasury Long Bond Future (US) Juni 20, US Treasury Long Bond Future (US)März 20)
Contracts sold:	EUR	358,376 (Underlying(s): EURO Bobl Future (FGBM) März 20, EURO Bund Future (FGBL) Dez. 19, EURO Bund Future (FGBL) Juni 20, EUROBund Future (FGBL) März 20, EURO-BTP Future (FBTP) Juni 20, EURO-BTP Future (FBTP) März 20, Ten-Year US Treasury NoteFuture (TY) Juni 20, Ten-Year US Treasury Note Future (TY) März 20)
Options Swaptions
| Long put options purchased: | EUR | 242 |
| --- | --- | --- |
| (Underlying(s): SWP Long Pay ITraxx ES32 V1 GOLDMANS_FRA 15.01.20) |  |  |
| Short put options sold: | EUR | 77 |
| (Underlying(s): SWP Short Pay ITraxx ES32 V1 GOLDMANS_FRA 15.01.20) |  |  |

Options on interest rate derivatives Options on interest rate futures contracts
Long call options purchased:	EUR	14,442,021
(Underlying(s): 3M Eurodollar (ED) IRF Juni 21. 3M Eurodollar (ED) IRF März 20. 3M Eurodollar (ED) IRF März 21. EURO Bund Future(FGBL) Juni 20. EURO Bund Future (FGBL) März 20, Ten-Year US Treasury Note Future (TY) Juni 20, Ten-Year US Treasury NoteFuture (TY) März 20, US Treasury Long Bond Future (US) Juni 20, US Treasury Long Bond Future (US) März 20)
Long put options purchased:	EUR	4,155,745 (Underlying(s): EURO Bund Future (FGBL) Juni 20, EURO Bund Future (FGBL) März 20, EURO-BTP Future (FBTP) Juni 20, EURO-BTPFuture (FBTP) März
20, Five-Year US Treasury Note Future (FV) Juni 20, Ten-Year US Treasury Note Future (TY) Juni 20, US TreasuryLong Bond Future (US) Juni 20)
Short call options sold:	EUR	21,639,920 (Underlying(s): 3M Eurodollar (ED) IRF Juni 21. 3M Eurodollar (ED) IRF März 20. 3M Eurodollar (ED) IRF März 21. EURO Bund
Future(FGBL) Juni 20. EURO Bund Future (FGBL) März 20, Ten-Year US Treasury Note Future (TY) Juni 20, Ten-Year US Treasury NoteFuture (TY) März 20, US Treasury Long Bond Future (US) Juni 20, US Treasury Long Bond Future (US) März 20)
Short put options sold:	EUR	4,711,523 (Underlying(s): EURO Bund Future (FGBL) Juni 20, EURO Bund Future (FGBL) März 20, EURO-BTP Future (FBTP) Juni 20, EURO-BTPFuture (FBTP) März
20, Five-Year US Treasury Note Future (FV) Juni 20, Ten-Year US Treasury Note Future (TY) Juni 20, US TreasuryLong Bond Future (US) Juni 20)
Forward exchange deals Foreign exchange futures (sale) Forward sale of currencies:
JPY/USD	EUR	13,954
USD/EUR	EUR	31,999
Foreign exchange futures (purchase) Forward purchase of currencies:
| JPY/USD | EUR | 13,962 |
| --- | --- | --- |
| USD/EUR | EUR | 29,338 |
| Securities loans (volume of transactions, valued at the price agreed when the lending agreement was concluded): |
| unlimited | EUR | 520,834 |

Securities	Shares/	Volume
Units/	in ’000
Currency
Credit derivatives  
(Underlying(s): 0,0000 % Bundesrep.Deutschland Anl. 16/26, 0,0000 % Bundesrep.Deutschland Anl. 20/30, 0,0000 % Kreditanst.f.Wiederaufbau MTN 19/24, 0,0100 % Caisse Refinancement l‘Habitat Covered Bonds 19/26, 0,0400 % Canadian Imperial Bk of Comm. MT Cov. Bonds 19/27, 0,0500 % DZ HYP AG MTN Hyp.-Pfe. R.1215 19/29, 0,0500 % Europ.Fin.Stab.Facility (EFSF) MTN
19/29, 0,0500 % Santander Consumer Bank AG Pfe. MTN 20/30, 0,0500 % Svenska Handelsbanken AB Non-Pref. MTN 19/26, 0,1000
% HSBC France S.A. MTN 19/27, 0,1250 % Kreditanst.f.Wiederaufbau Anl. 18/23, 0,1250 % LVMH Moët Henn. L. Vuitton SE MTN 20/28, 0,2500 % AT & T Inc. Notes 19/26, 0,2500 % Banco Santander S.A. Mortg.Cov. MTN 19/29, 0,2500 % Bundesrep.Deutschland Anl. 19/29, 0,2500 % Comcast Corp. Notes 20/27, 0,2500 % Königreich Spanien Bonos 19/24, 0,2500 % Stryker Corp. Notes 19/24, 0,3000 % Banco Santander S.A. Preferred MTN 19/26, 0,3000 % Intl Business Machines Corp. Notes 20/28, 0,3750 % Banco Bilbao Vizcaya Argent. Preferred MTN 19/26, 0,3750 % Continental AG MTN 19/25, 0,3750 % Daimler AG MTN 19/26, 0,3750 % ENEL Finance Intl N.V. MTN 19/27, 0,3750 % Kreditanst.f.Wiederaufbau Anl. 18/25, 0,3750 % LVMH Moët Henn. L. Vuitton SE MTN 20/31, 0,3750 % Red Eléctrica Financ. S.A.U. MTN 20/28, 0,5000 % ACEA S.p.A. MTN 20/29, 0,5000 % Bundesrep.Deutschland Anl. 16/26, 0,5000 % Bundesrep.Deutschland Anl. 17/27, 0,5000 % Bundesrep.Deutschland Anl. 18/28, 0,5000 % Europäischer Stabilitäts.(ESM) MTN 19/29, 0,5000 % La Banq. Postale Home Loan SFH MT Obl.FinHab 19/26, 0,5000 % Mediobanca - Bca Cred.Fin. SpA Mortg.Cov.MTN 19/26, 0,5000 % Pernod-Ricard S.A. Bonds 19/27, 0,5000 % Rep. Frankreich OAT 15/25, 0,5000 % Shell International Finance BV MTN 19/31, 0,5000 % Swedbank Hypotek AB MT Cov. Bds 19/26, 0,5000 % Thermo Fisher Scientific Inc. Notes 19/28, 0,5000 % UniCredit S.p.A. Preferred MTN 19/25, 0,5000 % Whirlpool EMEA Finance S.à r.l Notes 20/28, 0,6250 % ASML Holding N.V. Notes 20/29, 0,6250 % Caixabank S.A. Non-Preferred MTN 19/24, 0,6250 % ENI S.p.A. MTN 20/30, 0,6250 % Fresenius Medical Care KGaA MTN 19/26, 0,6250 % Kreditanst.f.Wiederaufbau Anl. 17/27, 0,6250 % Lloyds Banking Group PLC FLR MTN 18/24, 0,6250 % MMS USA Financing Inc. Notes 19/25, 0,6250 % Vonovia Finance B.V. MTN 19/27, 0,6500 % Credit Suisse Group AG MTN 19/29, 0,6500 % Intl Business Machines Corp. Notes 20/32, 0,7500 % AbbVie Inc. Notes 19/27, 0,7500 % América Móvil S.A.B. de C.V. Notes 19/27, 0,7500 % Barclays PLC FLR MTN 19/25, 0,7500 % Bque Fédérative du Cr. Mutuel Preferred MTN 19/26, 0,7500 % Comcast Corp. Notes 20/32, 0,7500 % Fresenius SE & Co. KGaA MTN 20/28, 0,7500 % Kreditanst.f.Wiederaufbau MTN 19/29, 0,7500 % LVMH Moët Henn. L. Vuitton SE MTN 20/25, 0,7500 % Nederlandse Waterschapsbank NV MTN 16/41, 0,7500 % Société Générale SFH S.A. MT Obl.Fin.Hab. 19/27, 0,7500 % Stryker Corp. Notes 19/29, 0,7500 % The Royal Bk of Scotld Grp PLC FLR MTN 19/25, 0,8750 % Banco Santander S.A. Mortg.Cov. MTN 19/31, 0,8750 % Coöperatieve Rabobank U.A. MT Cov. Bds 19/29, 0,8750 % Eika BoligKreditt
A.S. MT Cov. MTN 19/29, 0,8750 % Europ.Fin.Stab.Facility (EFSF) MTN 19/35, 0,8750 % General Electric Co. Notes 17/25, 0,8750 % Iren S.p.A. MTN 19/29, 0,8750 % Pernod-Ricard S.A. Bonds 19/31, 0,8750 % Provinz Quebec MTN 17/27, 0,8750 % Snam S.p.A. MTN 16/26, 0,8750 % Tesco Corp. Treas. Serv. PLC MTN 19/26, 0,8750 % Union Natle Interp.Em.Com.Ind. MTN 18/28, 0,9270 % Veolia Environnement S.A. MTN 16/29, 1,0000 % ACEA S.p.A. MTN 26/26 2, 1,0000 % Agence Française Développement MTN 18/28, 1,0000
% Banco BPM S.p.A. MT Mortg. Cov. Bds 18/25, 1,0000 % Bank of Ireland Group PLC FLR MTN 19/25, 1,0000 % Carrefour S.A. MTN 19/27, 1,0000 % Cassa Depositi e Prestiti SpA MTN 20/30, 1,0000 % Cellnex Telecom S.A. MTN 20/27, 1,0000 % Europäischer Stabilitäts.(ESM) MTN 15/25, 1,0000 % Königreich Belgien Obl. Lin. S.75 15/31, 1,0000 % Land Nordrhein-Westfalen MT Landessch.R.1427 16/46, 1,0000 % Origin Energy Finance Ltd. MTN 19/29, 1,0000 % Republik Polen MTN 19/29, 1,0000 % UniCredit
S.p.A. Non-Preferred MTN 18/23, 1,1250 % Anheuser-Busch InBev S.A./N.V. MTN 19/27, 1,1250 % Banco Bilbao Vizcaya Argent. Non-Pref. MTN 19/24, 1,1250 % Banco Santander S.A. Non-Pref. MTN 18/25, 1,1250 % BNP Paribas S.A. FLR MTN 20/32, 1,1250 % Bouygues S.A. Bonds 20/28, 1,1250 % Elisa Oyj MTN 19/26, 1,1250 % ENEL Finance Intl N.V. MTN 19/34, 1,1250 % European Investment Bank MTN 16/36, 1,1250 % European Investment Bank MTN 17/33, 1,1250 % Mediobanca - Bca Cred.Fin. SpA Preferred MTN 19/25, 1,1250 % Société Générale S.A. Non-Preferred MTN 18/25, 1,2500 % Abertis Infraestructuras S.A. MTN 20/28, 1,2500 %
Avery Dennison Corp. Notes 17/25, 1,2500 % Kreditanst.f.Wiederaufbau MTN 16/36, 1,2500 % PartnerRe Ireland Finance DAC Notes 16/26, 1,2500 % Royal Mail PLC Notes 19/26, 1,2500 % UBS Group AG FLR Notes 18/25, 1,2500 % UniCredit S.p.A. FLR Preferred
MTN 19/25, 1,3000 % Baxter International Inc. Notes 19/29, 1,3000 % Königreich Spanien Obligaciones 16/26, 1,3750 % Banco Bilbao Vizcaya Argent. Non-Pref. MTN 18/25, 1,3750 % Cais. d‘Amort.de la Dette Soc. MTN 14/24, 1,3750 % Caixabank S.A. Non-Preferred MTN 19/26, 1,3750 % La Banque Postale Non-Pref. MTN 19/29, 1,3750 % RAI-Radiotele. Italiana S.p.A. Notes 19/24, 1,3750 % Total Capital Intl S.A. MTN 17/29, 1,5000 % Bundesrep.Deutschland Anl. 14/24, 1,5000 % Citigroup Inc. FLR MTN 18/26, 1,5000 % EDP Finance B.V. MTN 17/27, 1,5000 % Rep. Frankreich OAT 18/50, 1,5000 % Unio.di Banche Italiane S.p.A. Preferred MTN 19/24, 1,6250
% Anglo American Capital PLC MTN 17/25, 1,6250 % CNH Industrial Finance Euro.SA MTN 19/29, 1,6250 % EnBW Energie
Baden-Württem. AG FLR Anl. 19/79, 1,6250 % Engie S.A. FLR Notes 19/Und., 1,6250 % Unio.di Banche Italiane S.p.A. Non-Pref. MTN 19/25, 1,7000 % Danaher Corp. Notes 20/24, 1,7000 % Königreich Belgien Obl. Lin. 19/50, 1,7500 % Banco de Sabadell S.A.
Non-Preferred MTN 19/24, 1,7500 % Caixabank S.A. Non-Preferred MTN 18/23, 1,7500 % Intesa Sanpaolo S.p.A. Pref. MTN 19/29, 1,7500 % Orange S.A. FLR MTN 19/Und., 1,7500 % Orsted A/S FLR Notes 19/Und., 1,8750 % CNH Industrial Finance Euro.SA MTN 18/26, 1,8750 % Mandatum Life Insurance Co.Ltd FLR Notes 19/49, 2,0000 % Capgemini SE Notes 20/29, 2,0000 % CNP Assurances
S.A. FLR MTN 19/50, 2,0000 % Fidelity Natl Inform.Svcs Inc. Notes 19/30, 2,0000 % The Goldman Sachs Group Inc. MTN 18/28, 2,1240
% Assicurazioni Generali S.p.A. MTN 19/30, 2,1250 % Anheuser-Busch InBev S.A./N.V. MTN 20/27, 2,1250 % Carmila S.A.S. Obl.
18/28, 2,1250 % Cassa Depositi e Prestiti SpA MTN 18/23, 2,1250 % Groupama Assurances Mutuelles Notes 19/29, 2,1250 % InterContinental Hotels Group MTN 18/27, 2,1250 % Unibail-Rodamco-Westfield SE FLR Bonds 18/Und., 2,2500 % ArcelorMittal S.A.
MTN 19/24, 2,2500 % Rep. Frankreich OAT 13/24, 2,3750 % Bank of Ireland Group PLC FLR MTN 19/29, 2,3750 % Carmila S.A.S. Notes 16/24, 2,4000 % Republik Österreich Bundesanl. 13/34, 2,5000 % Bundesrep.Deutschland Anl. 14/46, 2,5000 % VOLKSW. FINANCIAL SERVICES AG MTN 20/23, 2,6250 % Caixabank S.A. Cédulas Hipotec. 14/24, 2,6250 % Crédit Agricole S.A. Bonds 15/27, 2,6250 % Immofinanz AG Notes 19/23, 2,6250 % Total S.A. FLR MTN 15/Und., 2,7000 % Königreich Spanien Bonos 18/48, 2,7500 % BPCE S.A. FLR MTN 15/27, 2,8000 % Republik Italien B.T.P. 18/28, 2,8750 % Equinix Inc. Notes 17/25, 3,2500 % Coöperatieve Rabobank U.A. FLR Cap.Sec. 19/Und., 3,3750 % ENEL S.p.A. FLR Cap. Secs 18/81, 3,5000 % Caixabank S.A. FLR MTN 17/27,
3,5000 % Republik Italien B.T.P. 14/30, 3,8750 % AGEAS SA/NV FLR Notes 19/Und., 4,8750 % UniCredit S.p.A. FLR MTN 19/29, 7,8300 % UniCredit S.p.A. Non-Pref. MTN 18/23 Reg.S)
Credit default swaps (CDS)
Protection Buyer:	EUR	40,000
	(Underlying(s): CDS ITRAXX EUROPE SEN FINANCIALS S32 V1 5Y)	

#### Information on target funds
Front-end loads and/or redemption fees were not charged or not paid. Management fee
AGIF-Allianz Gl.Inf-Linked Bd Inhaber Ant. WH Dis.	0.24% p.a.
Allianz GIF-Allianz Green Bond Inhaber-Anteile W	0.27% p.a.

Translation (ENDE, 2020-05-31):
# Inhalt
Allianz Rentenfonds
Entwicklung von Fondsvermögen und Anteilwert im
Struktur des Fondsvermögens in %
25
20
15
10
5
0
Belgien	Deutsch- land
Frank- reich
Großbri- tannien
Irland	Italien	Nieder- lande
Portugal	Spanien	USA	Sonstige
Länder
Barreser- ven, Sons- tiges

#### Entwicklung von Fondsvermögen und Anteilwert im 3-Jahresvergleich
|  | 31.05.2020 | 30.11.2019 | 30.11.2018 | 30.11.2017 |
| --- | --- | --- | --- | --- |
| Fondsvermögen in Mio. EUR |  |  |  |  |  |
| - Anteilklasse A (EUR) | WKN: 847 140/ISIN: DE0008471400 | 1.298,4 | 1.088,2 | 1.025,1 | 1.084,5 |
| - Anteilklasse IT2 (EUR) | WKN: A2A MPP/ISIN: DE000A2AMPP5 | 0,3 | 0,2 | 0,1 | 0,1 |
| - Anteilklasse P (EUR) | WKN: 979 741/ISIN: DE0009797415 | 57,3 | 21,5 | 4,9 | 4,5 |
| - Anteilklasse P2 (EUR) | WKN: 979 765/ISIN: DE0009797654 | 29,9 | 28,1 | 23,5 | 17,4 |
| - Anteilklasse R (EUR) | WKN: A2D U1G/ISIN: DE000A2DU1G9 | 12.343,36  1) | 3.636,44  1) | 977,82  1) | 1.000,36  1) |
| Anteilwert in EUR |  |  |  |  |  |
| - Anteilklasse A (EUR) | WKN: 847 140/ISIN: DE0008471400 | 86,97 | 88,52 | 83,25 | 86,54 |
| - Anteilklasse IT2 (EUR) | WKN: A2A MPP/ISIN: DE000A2AMPP5 | 1.027,67 | 1.035,50 | 960,34 | 985,73 |
| - Anteilklasse P (EUR) | WKN: 979 741/ISIN: DE0009797415 | 1.212,99 | 1.236,65 | 1.163,02 | 1.208,31 |
| - Anteilklasse P2 (EUR) | WKN: 979 765/ISIN: DE0009797654 | 98,10 | 100,01 | 94,06 | 97,74 |
| - Anteilklasse R (EUR) | WKN: A2D U1G/ISIN: DE000A2DU1G9 | 102,11 | 103,99 | 97,78 | 100,04 |

1) 
Darstellungsweise nicht in Mio. EUR, aufgrund des geringen Fondsvermögens.
| Vermögensübersicht zum 31.05.2020 |  |
| --- | --- |
| Gliederung nach Anlagenart - Land | Kurswert in EUR | % des Fonds- vermögens  *) |  | Gliederung nach Anlagenart - Währung | Kurswert in EUR | % des Fonds- vermögens  *) |
| I. Vermögensgegenstände |  |  |  | I. Vermögensgegenstände |  |  |
| 1. Anleihen | 1.325.656.034,87 | 95,66 |  | 1. Anleihen | 1.325.656.034,87 | 95,66 |
| Deutschland | 219.364.244,15 | 15,84 |  | EUR | 1.313.250.191,66 | 94,76 |
| Frankreich | 262.020.738,18 | 18,94 |  | USD | 12.405.843,21 | 0,90 |
| Niederlande | 86.209.697,79 | 6,22 |  | 2. Investmentanteile | 11.303.453,13 | 0,82 |
| Italien | 216.788.655,45 | 15,65 |  | EUR | 11.303.453,13 | 0,82 |
| Irland | 18.545.160,45 | 1,33 |  | 3. Derivate | -156.962,79 | -0,01 |
| Dänemark | 6.126.770,29 | 0,44 |  | 4. Bankguthaben, Geldmarktpapiere, | 45.092.266,58 | 3,24 |
| Portugal | 50.911.412,91 | 3,66 |  | Geldmarkt- und geldmarktnahe Fonds |  |  |

| Spanien | 144.114.318,99 | 10,40 |
| --- | --- | --- |
| Belgien | 57.206.558,44 | 4,12 |
| Luxemburg | 13.809.590,49 | 0,98 |
| Norwegen | 5.439.133,52 | 0,39 |
| Schweden | 7.868.817,39 | 0,57 |
| Finnland | 12.664.108,70 | 0,91 |
| Österreich | 22.600.604,21 | 1,63 |
| Schweiz | 6.122.552,69 | 0,44 |
| Litauen | 1.020.532,70 | 0,07 |
| Polen | 1.408.512,11 | 0,10 |
| Slowakei | 6.304.927,95 | 0,46 |
| Ungarn | 2.418.810,77 | 0,17 |
| Rumänien | 6.702.208,56 | 0,49 |
| Großbritannien | 24.748.672,85 | 1,78 |
| USA | 53.331.504,76 | 3,85 |
| Kanada | 18.847.504,59 | 1,36 |
| Mexiko | 4.290.138,21 | 0,31 |
| Japan | 1.712.507,83 | 0,12 |
| Australien | 3.407.863,51 | 0,25 |
| Sonstige | 71.670.487,38 | 5,18 |
| 2. Investmentanteile | 11.303.453,13 | 0,82 |
| Luxemburg | 11.303.453,13 | 0,82 |
| 3. Derivate | -156.962,79 | -0,01 |
| 4. Bankguthaben, Geldmarktpapiere, Geldmarkt- und geldmarktnahe Fonds | 45.092.266,58 | 3,24 |
| 5. Sonstige Vermögensgegenstände | 11.192.760,46 | 0,81 |
| II. Verbindlichkeiten | -7.227.495,21 | -0,52 |
| III. Fondsvermögen | 1.385.860.057,04 | 100,00 |

| 5. Sonstige Vermögensgegenstände | 11.192.760,46 | 0,81 |
| --- | --- | --- |
| II. Verbindlichkeiten | -7.227.495,21 | -0,52 |
| III. Fondsvermögen | 1.385.860.057,04 | 100,00 |

*) 
Durch Rundung der Prozentanteile bei der Berechnung können geringfügige Run- dungsdifferenzen entstanden sein.

#### Vermögensaufstellung zum 31.05.2020
| ISIN | Gattungsbezeichnung | Markt | Stück bzw. Anteile bzw. | Bestand 31.05.2020 | Käufe/	Verkäufe/ Zugänge	Abgänge | Kurs | Kurswert in EUR | % des Fondsver- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Währung	im Berichtszeitraum	mögens Börsengehandelte Wertpapiere	1.215.812.416,26	87,71 Verzinsliche Wertpapiere	1.215.812.416,26	87,71 |
| EUR-Anleihen |  |  |  |  |  |  |  | 1.215.812.416,26 | 87,71 |
| XS2055646918 XS2113911387 | 0,7500 % AbbVie Inc. Notes 19/27 1,2500 % Abertis Infraestruc- | EUR | 2.150.000 | 0 | 0 | % | 98,540 | 2.118.613,66 | 0,15 |
|  | turas S.A. MTN 20/28 | EUR | 1.900.000 | 1.900.000 | 0 | % | 89,883 | 1.707.773,39 | 0,12 |
| XS2113700921 | 0,5000 % ACEA S.p.A. MTN 20/29 | EUR | 2.400.000 | 2.400.000 | 0 | % | 92,664 | 2.223.939,60 | 0,16 |
| XS2175967343 | 1,5000 % Achmea B.V. MTN 20/27 | EUR | 3.450.000 | 3.450.000 | 0 | % | 100,961 | 3.483.165,54 | 0,25 |
| BE6317598850 FR0013312774 | 3,8750 % AGEAS SA/NV FLR Notes 19/Und. 1,0000 % Agence Française Dé- | EUR | 3.000.000 | 3.000.000 | 0 | % | 91,983 | 2.759.496,30 | 0,20 |
| FR0013483526 | veloppement MTN 18/28  2) 0,0000 % Agence Française Dé- | EUR | 2.800.000 | 0 | 0 | % | 106,816 | 2.990.848,00 | 0,22 |
|  | veloppement MTN 20/25 | EUR | 1.500.000 | 1.500.000 | 0 | % | 100,691 | 1.510.363,05 | 0,11 |
| XS2080767010 | 1,8750 % AIB Group PLC FLR MTN 19/29 | EUR | 3.000.000 | 3.000.000 | 0 | % | 93,685 | 2.810.547,00 | 0,20 |
| XS2156598281 XS1686846061 | 1,6250 % Akzo Nobel N.V. MTN 20/30 1,6250 % Anglo American Ca- | EUR | 950.000 | 950.000 | 0 | % | 105,066 | 998.126,43 | 0,07 |
| BE6312821612 | pital PLC MTN 17/25 1,1250 % Anheuser-Busch In- | EUR | 3.400.000 | 3.000.000 | 0 | % | 100,256 | 3.408.691,42 | 0,25 |
| BE6320934266 | Bev S.A./N.V. MTN 19/27 2,1250 % Anheuser-Busch In- | EUR | 1.800.000 | 0 | 0 | % | 100,562 | 1.810.116,90 | 0,13 |
|  | Bev S.A./N.V. MTN 20/27 | EUR | 1.450.000 | 1.450.000 | 0 | % | 107,342 | 1.556.459,73 | 0,11 |
| XS2082323630 | 1,0000 % ArcelorMittal S.A. MTN 19/23 | EUR | 800.000 | 0 | 700.000 | % | 96,571 | 772.567,04 | 0,06 |
| XS1936308391 XS1115800655 | 2,2500 % ArcelorMittal S.A. MTN 19/24 5,0000 % ASR Nederland N.V. | EUR | 1.450.000 | 0 | 0 | % | 99,816 | 1.447.334,47 | 0,10 |
| XS2056491587 | FLR Securities 14/Und. 2,1240 % Assicurazioni Gene- | EUR | 1.785.000 | 0 | 0 | % | 108,257 | 1.932.387,81 | 0,14 |
|  | rali S.p.A. MTN 19/30  2) | EUR | 950.000 | 0 | 0 | % | 94,864 | 901.210,38 | 0,07 |
| XS2051361264 XS1701458017 | 0,2500 % AT & T Inc. Notes 19/26 0,2500 % Autobahnen-Schnellstr.- | EUR | 3.000.000 | 3.000.000 | 0 | % | 95,535 | 2.866.044,60 | 0,21 |
|  | Fin.-AG MTN 17/24 | EUR | 1.750.000 | 0 | 0 | % | 102,167 | 1.787.916,55 | 0,13 |
| XS1533922263 FR0013406154 | 1,2500 % Avery Dennison Corp. Notes 17/25  2) 0,7500 % AXA Bank Europe | EUR | 2.000.000 | 0 | 300.000 | % | 100,092 | 2.001.845,80 | 0,14 |
| XS1820037270 | SCF MT Obl.Fonc. 19/29 1,3750 % Banco Bilbao Vizcaya Ar- | EUR | 1.600.000 | 0 | 0 | % | 107,362 | 1.717.784,64 | 0,12 |
| XS1956973967 | gent. Non-Pref. MTN 18/25 1,1250 % Banco Bilbao Vizcaya Ar- | EUR | 1.100.000 | 0 | 0 | % | 100,397 | 1.104.367,77 | 0,08 |
| XS2058729653 | gent. Non-Pref. MTN 19/24 0,3750 % Banco Bilbao Vizcaya Ar- | EUR | 1.100.000 | 0 | 0 | % | 99,849 | 1.098.342,63 | 0,08 |
| XS2013745703 | gent. Non-Pref. MTN 19/24 1,0000 % Banco Bilbao Vizcaya Ar- | EUR | 1.600.000 | 0 | 0 | % | 96,057 | 1.536.915,36 | 0,11 |
|  | gent. Non-Pref. MTN 19/26 | EUR | 1.000.000 | 0 | 0 | % | 97,928 | 979.284,70 | 0,07 |
| PTBPIAOM0026 IT0005321663 | 0,2500 % Banco BPI S.A. Covered MTN 19/24 1,0000 % Banco BPM S.p.A. MT | EUR | 1.000.000 | 0 | 0 | % | 101,380 | 1.013.802,60 | 0,07 |
| PTBCPIOM0057 | Mortg. Cov. Bds 18/25  2) 0,7500 % Banco Com. Português | EUR | 2.000.000 | 0 | 0 | % | 102,943 | 2.058.858,60 | 0,15 |
| XS2076079594 | SA (BCP) Obr. Hipotec. 17/22 0,6250 % Banco de Sabadell S.A. | EUR | 2.900.000 | 0 | 0 | % | 101,447 | 2.941.958,07 | 0,21 |
|  | FLR Preferred MTN 19/25 | EUR | 900.000 | 0 | 0 | % | 92,406 | 831.651,39 | 0,06 |
| XS1876076040 XS1991397545 | 1,6250 % Banco de Sabadell S.A. MTN 18/24 1,7500 % Banco de Sabadell S.A. | EUR | 1.700.000 | 0 | 0 | % | 97,085 | 1.650.450,61 | 0,12 |
| XS1751004232 | Non-Preferred MTN 19/24 1,1250 % Banco Santander S.A. | EUR | 3.000.000 | 0 | 0 | % | 92,119 | 2.763.577,80 | 0,20 |
| XS2063247915 | Non-Pref. MTN 18/25  2) 0,3000 % Banco Santander S.A. | EUR | 2.100.000 | 0 | 0 | % | 100,851 | 2.117.871,00 | 0,15 |
|  | Preferred MTN 19/26 | EUR | 1.200.000 | 0 | 0 | % | 98,006 | 1.176.071,16 | 0,08 |
| XS1991265395 XS2082969655 | 1,3810 % Bank of America Corp. FLR MTN 19/30 1,0000 % Bank of Ireland Group | EUR | 2.500.000 | 0 | 0 | % | 102,126 | 2.553.151,00 | 0,18 |
| XS2065555562 | PLC FLR MTN 19/25 2,3750 % Bank of Ireland Group | EUR | 3.000.000 | 3.000.000 | 0 | % | 95,374 | 2.861.206,80 | 0,21 |
|  | PLC FLR MTN 19/29 | EUR | 1.000.000 | 0 | 0 | % | 96,009 | 960.093,30 | 0,07 |
| XS1757394322 | 1,3750 % Barclays PLC FLR MTN 18/26 | EUR | 1.100.000 | 0 | 0 | % | 99,577 | 1.095.341,94 | 0,08 |
| XS2082324364 DE000BLB6JH4 | 0,7500 % Barclays PLC FLR MTN 19/25 0,7500 % Bayerische Landes- | EUR | 2.000.000 | 2.000.000 | 0 | % | 97,130 | 1.942.609,00 | 0,14 |
|  | bank Öff.-Pfe. 19/29 | EUR | 2.950.000 | 0 | 0 | % | 107,557 | 3.172.932,68 | 0,23 |

Die Fußnotenerklärungen befinden sich am Ende der Tabelle.

#### Vermögensaufstellung zum 31.05.2020
| ISIN | Gattungsbezeichnung | Markt | Stück bzw. Anteile bzw. Währung | Bestand 31.05.2020 | Käufe/	Verkäufe/ Zugänge	Abgänge im Berichtszeitraum | Kurs | Kurswert in EUR | % des Fondsver- mögens |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| IT0005386922 | 0,8750 % Bca Monte dei Paschi di Si- |  |  |  |  |  |  |  |  |
| XS2002532724 | ena Mortg.Cov. MTN 19/26 1,2080 % Becton Dickinson Euro | EUR | 600.000 | 0 | 0 | % | 98,418 | 590.505,96 | 0,04 |
|  | Fin.Sarl Notes 19/26 | EUR | 1.300.000 | 0 | 0 | % | 98,204 | 1.276.651,35 | 0,09 |
| XS2010447238 | 0,7500 % BMW Finance N.V. MTN 19/26 | EUR | 1.500.000 | 0 | 0 | % | 100,907 | 1.513.608,00 | 0,11 |
| XS1508377584 | 0,8750 % BNG Bank N.V. MTN 16/36 | EUR | 2.000.000 | 2.000.000 | 0 | % | 110,649 | 2.212.972,20 | 0,16 |
| XS1807469199 | 0,5000 % BNG Bank N.V. MTN 18/25 | EUR | 2.550.000 | 0 | 0 | % | 103,231 | 2.632.398,92 | 0,19 |
| FR0013476611 | 1,1250 % BNP Paribas S.A. FLR MTN 20/32 | EUR | 2.700.000 | 2.700.000 | 0 | % | 95,115 | 2.568.111,48 | 0,19 |
| XS1325645825 | 2,7500 % BNP Paribas S.A. MTN 15/26 | EUR | 1.000.000 | 0 | 0 | % | 107,220 | 1.072.204,00 | 0,08 |
| FR0013431277 | 1,6250 % BNP Paribas S.A. MTN 19/31 | EUR | 1.400.000 | 0 | 0 | % | 97,926 | 1.370.967,92 | 0,10 |
| FR0013507654 | 1,1250 % Bouygues S.A. Bonds 20/28 | EUR | 1.000.000 | 1.000.000 | 0 | % | 102,287 | 1.022.869,40 | 0,07 |
| FR0013063385 | 2,7500 % BPCE S.A. FLR MTN 15/27  2) | EUR | 1.500.000 | 0 | 0 | % | 103,060 | 1.545.893,40 | 0,11 |
| FR0013412343 XS1587911451 | 1,0000 % BPCE S.A. Non-Preferred MTN 19/25 2,6250 % Bque Fédérative du | EUR | 1.000.000 | 0 | 0 | % | 100,247 | 1.002.471,10 | 0,07 |
| FR0013412947 | Cr. Mutuel MTN 17/27 0,7500 % Bque Fédérative du Cr. Mu- | EUR | 1.000.000 | 0 | 0 | % | 105,219 | 1.052.192,40 | 0,08 |
| XS1637333748 | tuel Preferred MTN 19/26 1,5000 % British Telecommuni- | EUR | 1.700.000 | 0 | 0 | % | 101,554 | 1.726.422,59 | 0,12 |
|  | cations PLC MTN 17/27 | EUR | 1.550.000 | 0 | 0 | % | 102,076 | 1.582.175,68 | 0,11 |
| DE0001135473 | 1,7500 % Bundesrep.Deutschland Anl. 12/22  2) | EUR | 16.000.000 | 0 | 0 | % | 104,998 | 16.799.680,00 | 1,21 |
| DE0001135481 | 2,5000 % Bundesrep.Deutschland Anl. 12/44 | EUR | 3.000.000 | 0 | 0 | % | 163,096 | 4.892.879,70 | 0,35 |
| DE0001102358 | 1,5000 % Bundesrep.Deutschland Anl. 14/24 | EUR | 9.000.000 | 6.450.000 | 0 | % | 108,615 | 9.775.350,00 | 0,71 |
| DE0001102341 | 2,5000 % Bundesrep.Deutschland Anl. 14/46 | EUR | 8.000.000 | 2.000.000 | 0 | % | 167,181 | 13.374.480,00 | 0,97 |
| DE0001102390 | 0,5000 % Bundesrep.Deutschland Anl. 16/26  2) | EUR | 8.000.000 | 2.000.000 | 0 | % | 106,524 | 8.521.920,00 | 0,61 |
| DE0001102408 | 0,0000 % Bundesrep.Deutschland Anl. 16/26  2) | EUR | 5.000.000 | 5.000.000 | 0 | % | 103,823 | 5.191.150,00 | 0,37 |
| DE0001102416 | 0,2500 % Bundesrep.Deutschland Anl. 17/27  2) | EUR | 4.035.000 | 0 | 0 | % | 105,722 | 4.265.882,70 | 0,31 |
| DE0001102424 | 0,5000 % Bundesrep.Deutschland Anl. 17/27 | EUR | 3.000.000 | 2.400.000 | 0 | % | 107,849 | 3.235.455,00 | 0,23 |
| DE0001102440 | 0,5000 % Bundesrep.Deutschland Anl. 18/28  2) | EUR | 12.000.000 | 10.000.000 | 5.000.000 | % | 108,201 | 12.984.120,00 | 0,94 |
| DE0001102465 | 0,2500 % Bundesrep.Deutschland Anl. 19/29  2) | EUR | 26.000.000 | 31.000.000 | 11.000.000 | % | 106,648 | 27.728.477,40 | 2,00 |
| DE0001102481 | 0,0000 % Bundesrep.Deutschland Anl. 19/50  2) | EUR | 2.000.000 | 2.000.000 | 0 | % | 99,798 | 1.995.959,80 | 0,14 |
| DE0001102499 DE0001141786 | 0,0000 % Bundesrep.Deutschland Anl. 20/30  2) 0,0000 % Bundesrep.Deutsch- | EUR | 23.000.000 | 23.000.000 | 0 | % | 104,306 | 23.990.377,70 | 1,73 |
|  | land Bundesobl. S.178 18/23 | EUR | 10.000.000 | 0 | 0 | % | 102,216 | 10.221.600,00 | 0,74 |
| FR0013460607 FR0012159812 | 1,1250 % Bureau Veritas SA Notes 19/27  2) 1,3750 % Cais. d‘Amort.de la | EUR | 1.200.000 | 0 | 0 | % | 94,707 | 1.136.480,88 | 0,08 |
| FR0013463551 | Dette Soc. MTN 14/24  2) 0,0100 % Caisse Refinancement | EUR | 2.000.000 | 2.000.000 | 0 | % | 107,498 | 2.149.966,80 | 0,16 |
| FR0013480522 | l‘Habitat Covered Bonds 19/26  2) 0,0100 % Caisse Refinancement | EUR | 2.000.000 | 0 | 0 | % | 101,054 | 2.021.071,20 | 0,15 |
| PTCMGTOM0029 | l‘Habitat Covered Bonds 20/28 0,8750 % Caixa Económica Monte- | EUR | 1.400.000 | 1.400.000 | 0 | % | 100,956 | 1.413.382,32 | 0,10 |
|  | pio Geral MT Obr. Hip. 17/22 | EUR | 2.100.000 | 0 | 0 | % | 101,583 | 2.133.243,84 | 0,15 |
| XS1565131213 XS2055758804 | 3,5000 % Caixabank S.A. FLR MTN 17/27 0,6250 % Caixabank S.A. Non- | EUR | 500.000 | 0 | 0 | % | 101,187 | 505.937,30 | 0,04 |
| XS2013574038 | Preferred MTN 19/24 1,3750 % Caixabank S.A. Non- | EUR | 3.000.000 | 3.000.000 | 0 | % | 95,316 | 2.859.470,70 | 0,21 |
| XS2025468542 | Preferred MTN 19/26 0,0400 % Canadian Imperial Bk of | EUR | 1.300.000 | 0 | 0 | % | 96,844 | 1.258.966,67 | 0,09 |
|  | Comm. MT Cov. Bonds 19/27 | EUR | 2.900.000 | 0 | 0 | % | 100,230 | 2.906.660,72 | 0,21 |
| FR0013507860 | 2,0000 % Capgemini SE Notes 20/29 | EUR | 2.000.000 | 2.000.000 | 0 | % | 105,470 | 2.109.401,00 | 0,15 |
| XS2016228087 | 0,8750 % Carlsberg Breweries A/S MTN 19/29 | EUR | 1.350.000 | 0 | 0 | % | 99,318 | 1.340.793,00 | 0,10 |
| FR0013142536 | 2,3750 % Carmila S.A.S. Notes 16/24  2) | EUR | 1.000.000 | 0 | 0 | % | 98,588 | 985.879,40 | 0,07 |
| FR0013321536 IT0005346579 | 2,1250 % Carmila S.A.S. Obl. 18/28 2,1250 % Cassa Depositi e Pres- | EUR | 2.000.000 | 0 | 0 | % | 94,756 | 1.895.111,00 | 0,14 |
| IT0005366460 | titi SpA MTN 18/23  2) 2,1250 % Cassa Depositi e Pres- | EUR | 3.000.000 | 0 | 0 | % | 103,840 | 3.115.214,70 | 0,22 |
| IT0005399586 | titi SpA MTN 19/26 1,0000 % Cassa Depositi e Pres- | EUR | 2.000.000 | 0 | 0 | % | 104,354 | 2.087.083,60 | 0,15 |
|  | titi SpA MTN 20/30  2) | EUR | 1.200.000 | 1.200.000 | 0 | % | 93,121 | 1.117.449,24 | 0,08 |
| XS2102934697 FR0012447696 | 1,0000 % Cellnex Telecom S.A. MTN 20/27  2) 0,7500 % Cie de Financement Fon- | EUR | 900.000 | 900.000 | 0 | % | 93,766 | 843.898,32 | 0,06 |
| FR0013162302 | cier MT Obl. Fonc. 15/25 0,5000 % Cie de Financement Fon- | EUR | 3.000.000 | 0 | 0 | % | 104,313 | 3.129.400,50 | 0,23 |
|  | cier MT Obl. Fonc. 16/24 | EUR | 500.000 | 0 | 0 | % | 102,925 | 514.624,95 | 0,04 |

Die Fußnotenerklärungen befinden sich am Ende der Tabelle.

#### Vermögensaufstellung zum 31.05.2020
| ISIN | Gattungsbezeichnung | Markt | Stück bzw. Anteile bzw. Währung | Bestand 31.05.2020 | Käufe/	Verkäufe/ Zugänge	Abgänge im Berichtszeitraum | Kurs | Kurswert in EUR | % des Fondsver- mögens |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FR0013256427 | 0,2000 % Cie de Financement Fon- |  |  |  |  |  |  |  |  |
|  | cier MT Obl. Fonc. 17/22 | EUR | 3.600.000 | 0 | 0 | % | 100,942 | 3.633.900,48 | 0,26 |
| XS1859010685 XS1823623878 | 1,5000 % Citigroup Inc. FLR MTN 18/26 1,8750 % CNH Industrial Fi- | EUR | 1.200.000 | 0 | 0 | % | 102,574 | 1.230.883,08 | 0,09 |
| XS2022084367 | nance Euro.SA MTN 18/26 1,6250 % CNH Industrial Fi- | EUR | 3.000.000 | 3.000.000 | 0 | % | 98,452 | 2.953.567,20 | 0,21 |
|  | nance Euro.SA MTN 19/29 | EUR | 1.650.000 | 0 | 0 | % | 92,500 | 1.526.254,62 | 0,11 |
| FR0013463775 DE000CZ40NS9 | 2,0000 % CNP Assurances S.A. FLR MTN 19/50 1,0000 % Commerzbank AG | EUR | 1.100.000 | 0 | 0 | % | 96,257 | 1.058.828,21 | 0,08 |
|  | MTN IHS S.923 19/26 | EUR | 1.800.000 | 0 | 0 | % | 98,954 | 1.781.166,96 | 0,13 |
| XS2178585423 | 2,1250 % Conti-Gummi Finance B.V. MTN 20/23 | EUR | 950.000 | 950.000 | 0 | % | 103,004 | 978.533,92 | 0,07 |
| XS2056430874 XS2168285000 | 0,3750 % Continental AG MTN 19/25  2) 0,8750 % Coöperatieve Rabobank | EUR | 2.550.000 | 0 | 0 | % | 94,469 | 2.408.947,01 | 0,17 |
| XS1944327631 | U.A. FLR Non-Pref. MTN 20/28 0,8750 % Coöperatieve Rabo- | EUR | 2.900.000 | 2.900.000 | 0 | % | 100,232 | 2.906.715,82 | 0,21 |
| FR0013312154 | bank U.A. MT Cov. Bds 19/29 2,6250 % Crédit Agricole Assu- | EUR | 2.500.000 | 0 | 0 | % | 108,297 | 2.707.428,25 | 0,20 |
| IT0005366288 | rances SA FLR Notes 18/48 1,0000 % Credit Agricole Italia | EUR | 700.000 | 0 | 0 | % | 100,607 | 704.248,02 | 0,05 |
|  | S.p.A. MT Mtg.Cov.Bds 19/27 | EUR | 1.000.000 | 0 | 0 | % | 107,070 | 1.070.697,70 | 0,08 |
| XS1204154410 CH0483180946 | 2,6250 % Crédit Agricole S.A. Bonds 15/27 1,0000 % Credit Suisse Group | EUR | 1.000.000 | 0 | 0 | % | 106,973 | 1.069.729,50 | 0,08 |
|  | AG FLR MTN 19/27 | EUR | 2.550.000 | 0 | 0 | % | 97,927 | 2.497.137,74 | 0,18 |
| XS2168478068 | 1,2500 % CRH SMW Finance DAC MTN 20/26 | EUR | 1.100.000 | 1.100.000 | 0 | % | 101,117 | 1.112.285,13 | 0,08 |
| DE000A2YNZW8 | 0,3750 % Daimler AG MTN 19/26 | EUR | 2.000.000 | 0 | 0 | % | 93,600 | 1.872.008,20 | 0,14 |
| XS2171316859 DE000A2TSDV6 | 0,6250 % Danske Bank AS MTN 20/25 0,0500 % DZ HYP AG MTN Hyp.- | EUR | 1.000.000 | 3.500.000 | 2.500.000 | % | 99,419 | 994.185,80 | 0,07 |
| XS1945130620 | Pfe. R.1215 19/29  2) 0,8750 % Eika BoligKreditt A.S. | EUR | 3.000.000 | 0 | 0 | % | 101,102 | 3.033.062,70 | 0,22 |
| XS2035564629 | MT Cov. MTN 19/29  2) 1,6250 % EnBW Energie Baden- | EUR | 2.450.000 | 0 | 0 | % | 106,950 | 2.620.263,24 | 0,19 |
| XS2035564975 | Württem. AG FLR Anl. 19/79  2) 1,1250 % EnBW Energie Baden- | EUR | 700.000 | 0 | 0 | % | 96,854 | 677.975,06 | 0,05 |
|  | Württem. AG FLR Anl. 19/79 | EUR | 1.200.000 | 0 | 0 | % | 97,193 | 1.166.317,44 | 0,08 |
| XS1713463559 | 3,3750 % ENEL S.p.A. FLR Cap. Secs 18/81  2) | EUR | 1.050.000 | 0 | 0 | % | 103,559 | 1.087.374,12 | 0,08 |
| XS2176783319 | 1,2500 % ENI S.p.A. MTN 20/26 | EUR | 3.000.000 | 3.000.000 | 0 | % | 101,670 | 3.050.087,10 | 0,22 |
| XS2107315470 | 0,6250 % ENI S.p.A. MTN 20/30  2) | EUR | 1.350.000 | 1.350.000 | 0 | % | 93,588 | 1.263.444,08 | 0,09 |
| XS1679781424 | 2,8750 % Equinix Inc. Notes 17/25 | EUR | 2.100.000 | 0 | 0 | % | 101,783 | 2.137.449,93 | 0,15 |
| XS2178833427 EU000A1G0BJ5 | 0,7500 % Equinor ASA MTN 20/26 3,0000 % Europ.Fin.Stab.Faci- | EUR | 1.400.000 | 1.400.000 | 0 | % | 101,774 | 1.424.835,30 | 0,10 |
| EU000A1G0DR4 | lity (EFSF) MTN 13/34  2) 0,7500 % Europ.Fin.Stab.Faci- | EUR | 2.000.000 | 0 | 0 | % | 143,333 | 2.866.659,80 | 0,21 |
| EU000A1G0DL7 | lity (EFSF) MTN 17/27  2) 1,7000 % Europ.Fin.Stab.Faci- | EUR | 3.000.000 | 3.000.000 | 0 | % | 109,759 | 3.292.772,10 | 0,24 |
| EU000A1G0EE0 | lity (EFSF) MTN 17/43 0,0500 % Europ.Fin.Stab.Faci- | EUR | 2.000.000 | 0 | 0 | % | 132,032 | 2.640.640,00 | 0,19 |
| EU000A1G0ED2 | lity (EFSF) MTN 19/29  2) 0,8750 % Europ.Fin.Stab.Faci- | EUR | 9.000.000 | 0 | 3.000.000 | % | 102,723 | 9.245.047,50 | 0,67 |
|  | lity (EFSF) MTN 19/35  2) | EUR | 4.000.000 | 0 | 0 | % | 112,133 | 4.485.310,80 | 0,32 |
| EU000A1GVVF8 EU000A1U9894 | 3,0000 % Europäische Union MTN 11/26  2) 1,0000 % Europäischer Stabili- | EUR | 1.000.000 | 0 | 0 | % | 120,594 | 1.205.942,40 | 0,09 |
| EU000A1Z99B9 | täts.(ESM) MTN 15/25  2) 0,7500 % Europäischer Stabili- | EUR | 7.000.000 | 0 | 0 | % | 107,357 | 7.515.004,70 | 0,54 |
| EU000A1Z99H6 | täts.(ESM) MTN 17/27 0,5000 % Europäischer Stabili- | EUR | 5.000.000 | 0 | 0 | % | 107,178 | 5.358.893,50 | 0,39 |
| XS1422953932 | täts.(ESM) MTN 19/29  2) 1,0000 % European Invest- | EUR | 3.100.000 | 0 | 0 | % | 106,341 | 3.296.575,34 | 0,24 |
| XS1361554584 | ment Bank MTN 16/32 1,1250 % European Invest- | EUR | 3.500.000 | 0 | 0 | % | 113,400 | 3.969.003,15 | 0,29 |
| XS1555331617 | ment Bank MTN 16/36 0,5000 % European Invest- | EUR | 5.000.000 | 0 | 5.000.000 | % | 117,680 | 5.884.006,50 | 0,42 |
| XS1612977717 | ment Bank MTN 17/27 1,1250 % European Invest- | EUR | 2.500.000 | 0 | 0 | % | 106,177 | 2.654.423,00 | 0,19 |
|  | ment Bank MTN 17/33  2) | EUR | 3.500.000 | 0 | 0 | % | 115,548 | 4.044.184,90 | 0,29 |

Die Fußnotenerklärungen befinden sich am Ende der Tabelle.

#### Vermögensaufstellung zum 31.05.2020
| ISIN | Gattungsbezeichnung | Markt | Stück bzw. Anteile bzw. Währung | Bestand 31.05.2020 | Käufe/	Verkäufe/ Zugänge	Abgänge im Berichtszeitraum | Kurs | Kurswert in EUR | % des Fondsver- mögens |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| XS1791485011 | 0,8750 % European Invest- |  |  |  |  |  |  |  |  |
| XS2154339860 | ment Bank MTN 18/28 0,0000 % European Invest- | EUR | 3.000.000 | 0 | 0 | % | 109,619 | 3.288.573,90 | 0,24 |
| XS2102495673 | ment Bank MTN 20/28 0,0500 % European Invest- | EUR | 1.350.000 | 1.350.000 | 0 | % | 102,906 | 1.389.231,41 | 0,10 |
| DE000A2GSFF1 | ment Bank MTN 20/30 2,1250 % Evonik Industries AG | EUR | 3.000.000 | 3.000.000 | 0 | % | 103,257 | 3.097.723,50 | 0,22 |
| XS1843436228 | FLR Nachr. Anl. 17/77 1,5000 % Fidelity Natl Inform. | EUR | 1.400.000 | 0 | 0 | % | 97,654 | 1.367.156,42 | 0,10 |
| XS1843435923 | Svcs Inc. Notes 19/27 2,0000 % Fidelity Natl Inform. | EUR | 2.500.000 | 0 | 0 | % | 103,717 | 2.592.924,25 | 0,19 |
| DE000A2G8W40 | Svcs Inc. Notes 19/30 1,2000 % Freie Hansestadt Bremen | EUR | 900.000 | 0 | 0 | % | 107,049 | 963.442,62 | 0,07 |
| DE000A2G8W65 | Landessch. Ausg.215 19/34 1,0000 % Freie Hansestadt Bremen | EUR | 1.000.000 | 1.000.000 | 0 | % | 114,498 | 1.144.977,50 | 0,08 |
|  | Landessch. Ausg.217 19/39 | EUR | 1.350.000 | 0 | 0 | % | 114,494 | 1.545.669,27 | 0,11 |
| XS2101357072 | 0,7500 % Fresenius SE & Co. KGaA MTN 20/28 | EUR | 1.900.000 | 1.900.000 | 0 | % | 97,403 | 1.850.660,61 | 0,13 |
| FR0013205069 | 1,0000 % Gecina S.A. MTN 16/29 | EUR | 1.000.000 | 0 | 0 | % | 97,018 | 970.183,90 | 0,07 |
| XS1612542826 XS1811181566 | 0,8750 % General Electric Co. Notes 17/25 2,5000 % Grand City Proper- | EUR | 1.000.000 | 0 | 0 | % | 93,224 | 932.241,20 | 0,07 |
| FR0013447125 | ties S.A. FLR Notes 18/Und. 2,1250 % Groupama Assuran- | EUR | 1.200.000 | 0 | 0 | % | 98,036 | 1.176.427,56 | 0,08 |
|  | ces Mutuelles Notes 19/29  2) | EUR | 1.100.000 | 0 | 0 | % | 94,559 | 1.040.151,09 | 0,08 |
| XS2020608548 | 0,8750 % Hera S.p.A. MTN 19/27  2) | EUR | 500.000 | 0 | 0 | % | 99,692 | 498.459,55 | 0,04 |
| FR0013444304 | 0,1000 % HSBC France S.A. MTN 19/27 | EUR | 2.200.000 | 0 | 0 | % | 95,989 | 2.111.761,74 | 0,15 |
| FR0013231768 | 1,5000 % IMERYS S.A. MTN 17/27 | EUR | 800.000 | 0 | 0 | % | 91,146 | 729.167,04 | 0,05 |
| XS1935128956 XS1952576475 | 2,6250 % Immofinanz AG Notes 19/23 0,7500 % ING Bank N.V. MT | EUR | 1.000.000 | 0 | 0 | % | 99,950 | 999.501,00 | 0,07 |
|  | Mortg.Cov. Bds 19/29 | EUR | 3.000.000 | 1.800.000 | 2.000.000 | % | 107,276 | 3.218.280,90 | 0,23 |
| XS1590823859 | 3,0000 % ING Groep N.V. FLR MTN 17/28 | EUR | 1.700.000 | 0 | 0 | % | 103,816 | 1.764.868,60 | 0,13 |
| XS2176621170 XS1908370171 | 2,1250 % ING Groep N.V. FLR MTN 20/31 2,1250 % InterContinental Ho- | EUR | 1.600.000 | 1.600.000 | 0 | % | 101,160 | 1.618.559,36 | 0,12 |
| XS1998930926 | tels Group MTN 18/27  2) 0,2500 % International Bank | EUR | 1.650.000 | 0 | 0 | % | 94,044 | 1.551.719,73 | 0,11 |
| XS2122894855 | Rec. Dev. MTN 19/29 0,0000 % International Bank | EUR | 4.000.000 | 4.000.000 | 0 | % | 102,874 | 4.114.961,60 | 0,30 |
| XS2081018629 | Rec. Dev. MTN 20/30  2) 1,0000 % Intesa Sanpaolo | EUR | 2.000.000 | 2.000.000 | 0 | % | 100,099 | 2.001.979,20 | 0,14 |
| XS2022424993 | S.p.A. Pref. MTN 19/26 1,7500 % Intesa Sanpaolo | EUR | 4.500.000 | 4.500.000 | 0 | % | 95,196 | 4.283.823,60 | 0,31 |
| XS2115091717 | S.p.A. Pref. MTN 19/29  2) 0,3000 % Intl Business Machi- | EUR | 1.300.000 | 0 | 0 | % | 96,627 | 1.256.156,85 | 0,09 |
| XS2115091808 | nes Corp. Notes 20/28 0,6500 % Intl Business Machi- | EUR | 1.000.000 | 2.600.000 | 1.600.000 | % | 96,302 | 963.021,70 | 0,07 |
| XS2066003901 | nes Corp. Notes 20/32  2) 0,0000 % Intl Development As- | EUR | 2.700.000 | 2.700.000 | 0 | % | 95,782 | 2.586.102,39 | 0,19 |
|  | sociation MTN 19/26 | EUR | 1.300.000 | 0 | 0 | % | 101,504 | 1.319.554,08 | 0,10 |
| FR0013509627 | 2,0000 % JCDecaux S.A. Bonds 20/24  2) | EUR | 2.400.000 | 2.400.000 | 0 | % | 97,965 | 2.351.171,76 | 0,17 |
| FR0013509643 XS1960248919 | 2,6250 % JCDecaux S.A. Bonds 20/28 1,0900 % JPMorgan Chase & | EUR | 3.000.000 | 3.800.000 | 800.000 | % | 96,175 | 2.885.242,80 | 0,21 |
| BE0000351602 | Co. FLR MTN 19/27 0,0000 % Königreich Bel- | EUR | 1.000.000 | 0 | 1.150.000 | % | 101,312 | 1.013.120,60 | 0,07 |
|  | gien Bons d‘Etat 20/27  2) | EUR | 6.500.000 | 6.500.000 | 0 | % | 101,229 | 6.579.885,65 | 0,47 |
| BE0000347568 | 0,9000 % Königreich Belgien Obl. Lin. 19/29  2) | EUR | 5.000.000 | 0 | 0 | % | 108,877 | 5.443.850,00 | 0,39 |
| BE0000348574 | 1,7000 % Königreich Belgien Obl. Lin. 19/50  2) | EUR | 1.800.000 | 0 | 4.000.000 | % | 127,088 | 2.287.583,82 | 0,17 |
| BE0000350596 | 0,4000 % Königreich Belgien Obl. Lin. 20/40  2) | EUR | 9.000.000 | 10.850.000 | 1.850.000 | % | 97,364 | 8.762.796,90 | 0,63 |
| BE0000320292 | 4,2500 % Königreich Belgien Obl. Lin. S.60 10/41 | EUR | 3.000.000 | 2.000.000 | 0 | % | 172,553 | 5.176.589,70 | 0,37 |
| BE0000321308 BE0000324336 | 4,2500 % Königreich Belgien Obl. Lin. S.61 11/21 4,5000 % Königreich Belgien | EUR | 3.000.000 | 3.000.000 | 0 | % | 106,328 | 3.189.840,00 | 0,23 |
| BE0000339482 | Obl. Lin. S.64 11/26  2) 0,2000 % Königreich Belgien | EUR | 5.500.000 | 0 | 0 | % | 128,331 | 7.058.205,00 | 0,51 |
|  | Obl. Lin. S.79 16/23  2) | EUR | 9.000.000 | 0 | 0 | % | 102,395 | 9.215.550,00 | 0,66 |
| BE0000345547 | 0,8000 % Königreich Belgien Obl. Lin. S.85 18/28 | EUR | 2.000.000 | 2.000.000 | 0 | % | 107,649 | 2.152.980,00 | 0,16 |
| NL0009712470 | 3,2500 % Königreich Niederlande Anl. 11/21  2) | EUR | 7.000.000 | 0 | 2.000.000 | % | 104,276 | 7.299.320,00 | 0,53 |
| NL0010071189 | 2,5000 % Königreich Niederlande Anl. 12/33  2) | EUR | 4.000.000 | 0 | 0 | % | 133,880 | 5.355.199,60 | 0,39 |

Die Fußnotenerklärungen befinden sich am Ende der Tabelle.

#### Vermögensaufstellung zum 31.05.2020
| ISIN | Gattungsbezeichnung | Markt | Stück bzw. Anteile bzw. Währung | Bestand 31.05.2020 | Käufe/	Verkäufe/ Zugänge	Abgänge im Berichtszeitraum | Kurs | Kurswert in EUR | % des Fondsver- mögens |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NL0010733424 | 2,0000 % Königreich Niederlande Anl. 14/24  2) | EUR | 10.000.000 | 0 | 0 | % | 110,657 | 11.065.700,00 | 0,80 |
| NL0012171458 | 0,7500 % Königreich Niederlande Anl. 17/27  2) | EUR | 8.000.000 | 0 | 0 | % | 108,335 | 8.666.800,00 | 0,63 |
| NL0013552060 | 0,5000 % Königreich Niederlande Anl. 19/40  2) | EUR | 5.000.000 | 4.000.000 | 3.000.000 | % | 109,736 | 5.486.799,50 | 0,40 |
| ES00000121G2 | 4,8000 % Königreich Spanien Bonos 08/24 | EUR | 570.000 | 570.000 | 0 | % | 118,457 | 675.204,90 | 0,05 |
| ES00000124H4 | 5,1500 % Königreich Spanien Bonos 13/44 | EUR | 1.500.000 | 0 | 0 | % | 182,768 | 2.741.520,00 | 0,20 |
| ES0000012B88 | 1,4000 % Königreich Spanien Bonos 18/28 | EUR | 10.000.000 | 0 | 0 | % | 108,594 | 10.859.400,00 | 0,78 |
| ES0000012B47 | 2,7000 % Königreich Spanien Bonos 18/48 | EUR | 1.000.000 | 2.000.000 | 5.000.000 | % | 133,240 | 1.332.400,00 | 0,10 |
| ES0000012E85 | 0,2500 % Königreich Spanien Bonos 19/24 | EUR | 25.000.000 | 15.000.000 | 0 | % | 101,697 | 25.424.250,00 | 1,83 |
| ES0000012E69 ES00000127A2 | 1,8500 % Königreich Spanien Bonos 19/35 1,9500 % Königreich Spa- | EUR | 3.000.000 | 5.000.000 | 5.000.000 | % | 113,909 | 3.417.270,00 | 0,25 |
| ES00000127Z9 | nien Obligaciones 15/30 1,9500 % Königreich Spa- | EUR | 5.000.000 | 1.000.000 | 0 | % | 114,253 | 5.712.650,00 | 0,41 |
| ES00000128Q6 | nien Obligaciones 16/26 2,3500 % Königreich Spa- | EUR | 15.000.000 | 5.000.000 | 0 | % | 111,126 | 16.668.900,00 | 1,20 |
| ES0000012G26 | nien Obligaciones 17/33 0,8000 % Königreich Spa- | EUR | 3.000.000 | 0 | 0 | % | 120,120 | 3.603.600,00 | 0,26 |
| ES0000012F76 | nien Obligaciones 20/27 0,5000 % Königreich Spa- | EUR | 10.000.000 | 10.000.000 | 0 | % | 103,925 | 10.392.499,00 | 0,75 |
| ES0000012G34 | nien Obligaciones 20/30 1,2500 % Königreich Spa- | EUR | 3.000.000 | 7.150.000 | 4.150.000 | % | 100,143 | 3.004.289,70 | 0,22 |
|  | nien Obligaciones 20/30 | EUR | 5.200.000 | 5.200.000 | 0 | % | 106,978 | 5.562.830,00 | 0,40 |
| DE000A11QTD2 | 0,6250 % Kreditanst.f.Wiederaufbau Anl. 15/25 | EUR | 3.700.000 | 0 | 0 | % | 104,933 | 3.882.533,95 | 0,28 |
| DE000A168Y55 | 0,3750 % Kreditanst.f.Wiederaufbau Anl. 16/26 | EUR | 5.000.000 | 0 | 0 | % | 104,403 | 5.220.155,00 | 0,38 |
| DE000A2DAR65 DE000A2GSNW0 | 0,6250 % Kreditanst.f.Wiederaufbau Anl. 17/27 0,3750 % Kreditanst.f.Wiederaufbau | EUR | 7.000.000 | 0 | 0 | % | 106,615 | 7.463.080,80 | 0,54 |
| DE000A2GSNR0 | Anl. 18/25  2) 0,6250 % Kreditanst.f.Wiederaufbau | EUR | 5.000.000 | 0 | 5.000.000 | % | 103,958 | 5.197.879,50 | 0,38 |
|  | Anl. 18/28  2) | EUR | 1.000.000 | 0 | 0 | % | 107,122 | 1.071.217,90 | 0,08 |
| DE000A168Y48 | 1,2500 % Kreditanst.f.Wiederaufbau MTN 16/36 | EUR | 1.300.000 | 3.000.000 | 1.700.000 | % | 118,734 | 1.543.540,96 | 0,11 |
| DE000A2TSTS8 | 0,0000 % Kreditanst.f.Wiederaufbau MTN 19/24 | EUR | 5.000.000 | 5.000.000 | 0 | % | 101,845 | 5.092.234,00 | 0,37 |
| DE000A2LQSN2 FR0013399169 | 0,7500 % Kreditanst.f.Wiederaufbau MTN 19/29 0,5000 % La Banq. Postale Home | EUR | 2.750.000 | 10.000.000 | 9.950.000 | % | 108,683 | 2.988.770,68 | 0,22 |
| FR0013415692 | Loan SFH MT Obl.FinHab 19/26  2) 1,3750 % La Banque Postale | EUR | 1.900.000 | 0 | 0 | % | 103,794 | 1.972.091,13 | 0,14 |
| FR0013433596 | Non-Pref. MTN 19/29  2) 0,2500 % La Banque Postale | EUR | 1.300.000 | 0 | 0 | % | 102,260 | 1.329.383,90 | 0,10 |
|  | Preferred MTN 19/26 | EUR | 1.200.000 | 0 | 0 | % | 97,946 | 1.175.349,60 | 0,08 |
| DE000A2TR6J9 | 0,3750 % Land Brandenburg Schatzanw. 20/35 | EUR | 2.000.000 | 2.000.000 | 0 | % | 103,310 | 2.066.200,00 | 0,15 |
| DE000A1RQC02 DE000NRW0JJ8 | 0,7500 % Land Hessen Schatzanw. S.1607 16/36 1,2500 % Land Nordrhein-Westfalen | EUR | 1.000.000 | 1.000.000 | 0 | % | 109,780 | 1.097.804,20 | 0,08 |
| DE000NRW0J22 | MT Landessch.R.1410 16/36 1,0000 % Land Nordrhein-Westfalen | EUR | 2.000.000 | 2.000.000 | 0 | % | 116,764 | 2.335.288,40 | 0,17 |
| XS1957349332 | MT Landessch.R.1427 16/46 0,5000 % Landwirtschaftliche Ren- | EUR | 2.000.000 | 2.000.000 | 0 | % | 117,954 | 2.359.077,60 | 0,17 |
| XS1793273092 | tenbank MTN 19/29 0,8750 % Lb.Hessen-Thüringen GZ | EUR | 2.350.000 | 0 | 0 | % | 105,884 | 2.488.273,77 | 0,18 |
| XS1749378342 | MTN Öff.-Pfe. S.H320 18/28 0,6250 % Lloyds Banking Group | EUR | 2.900.000 | 0 | 0 | % | 107,890 | 3.128.796,95 | 0,23 |
| XS2078918781 | PLC FLR MTN 18/24 0,5000 % Lloyds Banking Group | EUR | 2.500.000 | 0 | 0 | % | 98,241 | 2.456.017,00 | 0,18 |
| FR0013482833 | PLC FLR MTN 19/25 0,1250 % LVMH Moët Henn. L. | EUR | 1.050.000 | 0 | 0 | % | 95,980 | 1.007.794,73 | 0,07 |
| IT0005378036 | Vuitton SE MTN 20/28 0,5000 % Mediobanca - Bca Cred. | EUR | 1.000.000 | 1.800.000 | 800.000 | % | 97,070 | 970.702,40 | 0,07 |
| XS2027957815 | Fin. SpA Mortg.Cov.MTN 19/26  2) 1,1250 % Mediobanca - Bca Cred. | EUR | 1.100.000 | 0 | 0 | % | 101,941 | 1.121.351,77 | 0,08 |
|  | Fin. SpA Preferred MTN 19/25 | EUR | 1.550.000 | 0 | 0 | % | 95,228 | 1.476.029,82 | 0,11 |
| FR0013425139 XS2151059206 | 0,6250 % MMS USA Financing Inc. Notes 19/25 2,3750 % Mondi Finance Eu- | EUR | 1.900.000 | 0 | 0 | % | 94,222 | 1.790.224,27 | 0,13 |
|  | rope GmbH MTN 20/28 | EUR | 1.600.000 | 1.600.000 | 0 | % | 103,113 | 1.649.804,16 | 0,12 |
| XS1989375503 | 0,6370 % Morgan Stanley FLR MTN 19/24 | EUR | 2.150.000 | 0 | 0 | % | 99,685 | 2.143.231,16 | 0,15 |
| XS1511787589 XS1499594916 | 1,3750 % Morgan Stanley MTN S.G 16/26 0,7500 % Nederlandse Wa- | EUR | 1.650.000 | 0 | 0 | % | 104,022 | 1.716.369,27 | 0,12 |
|  | terschapsbank NV MTN 16/41 | EUR | 2.000.000 | 2.000.000 | 0 | % | 109,465 | 2.189.309,00 | 0,16 |
| XS2170362912 | 0,3750 % Nestlé Finance Intl Ltd. MTN 20/32 | EUR | 2.300.000 | 4.300.000 | 2.000.000 | % | 98,234 | 2.259.372,57 | 0,16 |

Die Fußnotenerklärungen befinden sich am Ende der Tabelle.

#### Vermögensaufstellung zum 31.05.2020
| ISIN | Gattungsbezeichnung | Markt | Stück bzw. Anteile bzw. Währung | Bestand 31.05.2020 | Käufe/	Verkäufe/ Zugänge	Abgänge im Berichtszeitraum | Kurs | Kurswert in EUR | % des Fondsver- mögens |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| XS1076781589 XS2079316753 | 4,3750 % NN Group N.V. FLR MTN 14/Und. 0,0500 % Nord/LB Lux.S.A. Cov. | EUR | 1.200.000 | 0 | 0 | % | 107,227 | 1.286.718,96 | 0,09 |
| DK0009522062 | Bond Bk. MT L.d.G.Publ. 20/25 0,6250 % Nykredit Realkredit A/S | EUR | 600.000 | 600.000 | 0 | % | 100,207 | 601.244,34 | 0,04 |
|  | Non-Preferred MTN 19/25 | EUR | 1.000.000 | 0 | 0 | % | 96,678 | 966.780,00 | 0,07 |
| FR0013447877 | 1,7500 % Orange S.A. FLR MTN 19/Und. | EUR | 1.600.000 | 2.000.000 | 2.000.000 | % | 98,561 | 1.576.983,52 | 0,11 |
| FR0013506300 | 1,6250 % Orange S.A. MTN 20/32 | EUR | 700.000 | 700.000 | 0 | % | 108,303 | 758.119,74 | 0,05 |
| XS2051788219 | 1,0000 % Origin Energy Finance Ltd. MTN 19/29 | EUR | 1.500.000 | 0 | 0 | % | 88,629 | 1.329.434,25 | 0,10 |
| XS2010036874 XS1489391109 | 1,7500 % Orsted A/S FLR Notes 19/Und. 1,2500 % PartnerRe Ireland Fi- | EUR | 2.850.000 | 2.850.000 | 0 | % | 99,123 | 2.825.011,49 | 0,20 |
|  | nance DAC Notes 16/26 | EUR | 1.400.000 | 0 | 0 | % | 99,613 | 1.394.578,22 | 0,10 |
| FR0013456449 | 0,8750 % Pernod-Ricard S.A. Bonds 19/31 | EUR | 600.000 | 0 | 0 | % | 96,115 | 576.689,28 | 0,04 |
| FR0013506524 | 1,1250 % Pernod-Ricard S.A. Bonds 20/25  2) | EUR | 1.600.000 | 1.600.000 | 0 | % | 102,032 | 1.632.507,04 | 0,12 |
| XS1303312034 | 0,8750 % Provinz British Columbia MTN 15/25 | EUR | 3.000.000 | 0 | 0 | % | 104,907 | 3.147.210,00 | 0,23 |
| XS2178957077 | 1,8750 % Redexis Gas Finance B.V. MTN 20/25 | EUR | 1.400.000 | 1.400.000 | 0 | % | 100,569 | 1.407.971,74 | 0,10 |
| BE6313645127 | 0,2500 % Région Wallonne MTN 19/26 | EUR | 1.200.000 | 0 | 0 | % | 101,100 | 1.213.204,44 | 0,09 |
| FR0011486067 | 1,7500 % Rep. Frankreich OAT 13/23  2) | EUR | 15.000.000 | 10.000.000 | 0 | % | 106,907 | 16.036.050,00 | 1,16 |
| FR0011619436 | 2,2500 % Rep. Frankreich OAT 13/24 | EUR | 17.000.000 | 0 | 0 | % | 111,053 | 18.879.010,00 | 1,36 |
| FR0011461037 | 3,2500 % Rep. Frankreich OAT 13/45 | EUR | 8.500.000 | 0 | 0 | % | 162,096 | 13.778.159,15 | 0,99 |
| FR0011883966 | 2,5000 % Rep. Frankreich OAT 14/30 | EUR | 2.000.000 | 0 | 10.000.000 | % | 125,551 | 2.511.019,80 | 0,18 |
| FR0012517027 | 0,5000 % Rep. Frankreich OAT 15/25 | EUR | 28.000.000 | 10.000.000 | 0 | % | 104,658 | 29.304.237,20 | 2,12 |
| FR0013250560 | 1,0000 % Rep. Frankreich OAT 16/27  2) | EUR | 19.000.000 | 0 | 0 | % | 108,740 | 20.660.600,00 | 1,49 |
| FR0013154044 | 1,2500 % Rep. Frankreich OAT 16/36 | EUR | 16.000.000 | 12.000.000 | 12.500.000 | % | 114,860 | 18.377.598,40 | 1,33 |
| FR0013341682 | 0,7500 % Rep. Frankreich OAT 17/28  2) | EUR | 19.000.000 | 0 | 0 | % | 107,618 | 20.447.418,10 | 1,48 |
| FR0013257524 | 2,0000 % Rep. Frankreich OAT 17/48 | EUR | 2.000.000 | 2.000.000 | 0 | % | 134,593 | 2.691.859,80 | 0,19 |
| FR0013404969 | 1,5000 % Rep. Frankreich OAT 18/50 | EUR | 9.000.000 | 4.500.000 | 2.500.000 | % | 122,303 | 11.007.269,10 | 0,79 |
| FR0013480613 | 0,7500 % Rep. Frankreich OAT 20/52 | EUR | 5.500.000 | 5.500.000 | 0 | % | 101,384 | 5.576.119,45 | 0,40 |
| FI4000148630 | 0,7500 % Republik Finnland Bonds 15/31 | EUR | 3.000.000 | 2.000.000 | 1.000.000 | % | 109,127 | 3.273.807,90 | 0,24 |
| FI4000369467 | 0,5000 % Republik Finnland Bonds 19/29 | EUR | 4.200.000 | 0 | 0 | % | 106,212 | 4.460.883,00 | 0,32 |
| FI4000415153 | 0,1250 % Republik Finnland Bonds 20/36 | EUR | 2.000.000 | 3.000.000 | 1.000.000 | % | 100,171 | 2.003.412,80 | 0,14 |
| IE00BDHDPQ37 | 0,0000 % Republik Irland Treasury Bonds 17/22 | EUR | 5.000.000 | 10.000.000 | 5.000.000 | % | 100,953 | 5.047.650,00 | 0,36 |
| IE00BH3SQ895 | 1,1000 % Republik Irland Treasury Bonds 19/29 | EUR | 4.000.000 | 0 | 0 | % | 108,970 | 4.358.800,00 | 0,31 |
| IT0004356843 | 4,7500 % Republik Italien B.T.P. 08/23 | EUR | 6.000.000 | 0 | 0 | % | 113,144 | 6.788.640,00 | 0,49 |
| IT0004532559 | 5,0000 % Republik Italien B.T.P. 09/40 | EUR | 5.500.000 | 0 | 0 | % | 145,912 | 8.025.159,45 | 0,58 |
| IT0004634132 | 3,7500 % Republik Italien B.T.P. 10/21 | EUR | 5.000.000 | 5.000.000 | 5.000.000 | % | 102,773 | 5.138.650,00 | 0,37 |
| IT0005045270 | 2,5000 % Republik Italien B.T.P. 14/24 | EUR | 10.000.000 | 0 | 0 | % | 107,248 | 10.724.800,00 | 0,77 |
| IT0005024234 | 3,5000 % Republik Italien B.T.P. 14/30 | EUR | 10.000.000 | 0 | 0 | % | 118,340 | 11.833.999,00 | 0,85 |
| IT0005086886 | 1,3500 % Republik Italien B.T.P. 15/22 | EUR | 24.000.000 | 0 | 0 | % | 101,878 | 24.450.720,00 | 1,76 |
| IT0005090318 | 1,5000 % Republik Italien B.T.P. 15/25 | EUR | 3.000.000 | 0 | 11.000.000 | % | 102,750 | 3.082.500,00 | 0,22 |
| IT0005175598 | 0,4500 % Republik Italien B.T.P. 16/21 | EUR | 10.000.000 | 0 | 0 | % | 100,284 | 10.028.400,00 | 0,72 |
| IT0005215246 | 0,6500 % Republik Italien B.T.P. 16/23  2) | EUR | 17.000.000 | 7.000.000 | 0 | % | 100,293 | 17.049.810,00 | 1,23 |
| IT0005210650 | 1,2500 % Republik Italien B.T.P. 16/26 | EUR | 5.000.000 | 0 | 4.000.000 | % | 100,755 | 5.037.749,50 | 0,36 |
| IT0005217390 | 2,8000 % Republik Italien B.T.P. 16/67 | EUR | 1.000.000 | 2.000.000 | 1.000.000 | % | 107,284 | 1.072.839,90 | 0,08 |
| IT0005273013 | 3,4500 % Republik Italien B.T.P. 17/48 | EUR | 6.000.000 | 3.500.000 | 2.000.000 | % | 122,051 | 7.323.059,40 | 0,53 |
| IT0005340929 | 2,8000 % Republik Italien B.T.P. 18/28 | EUR | 13.000.000 | 3.000.000 | 0 | % | 111,604 | 14.508.518,70 | 1,05 |
| IT0005358806 | 3,3500 % Republik Italien B.T.P. 18/35 | EUR | 9.000.000 | 0 | 5.900.000 | % | 119,017 | 10.711.529,10 | 0,77 |
| IT0005321325 | 2,9500 % Republik Italien B.T.P. 18/38 | EUR | 4.000.000 | 0 | 0 | % | 113,485 | 4.539.399,60 | 0,33 |
| IT0005363111 | 3,8500 % Republik Italien B.T.P. 18/49 | EUR | 2.000.000 | 2.400.000 | 5.000.000 | % | 130,510 | 2.610.190,00 | 0,19 |
| IT0005365165 | 3,0000 % Republik Italien B.T.P. 19/29  2) | EUR | 5.000.000 | 15.000.000 | 15.000.000 | % | 113,687 | 5.684.349,50 | 0,41 |
| IT0005398406 | 2,4500 % Republik Italien B.T.P. 19/50 | EUR | 4.200.000 | 4.200.000 | 0 | % | 101,928 | 4.280.955,00 | 0,31 |
| IT0005408502 IT0005329344 | 1,8500 % Republik Italien B.T.P. 20/25 0,1000 % Republik Italien Infla- | EUR | 6.000.000 | 7.650.000 | 1.650.000 | % | 104,324 | 6.259.440,00 | 0,45 |
| IT0005410912 | tion-Ind. Lkd B.T.P. 18/23 1,4000 % Republik Italien Infla- | EUR | 5.000.000 | 15.000.000 | 10.000.000 | % | 98,547 | 5.070.588,06 | 0,37 |
|  | tion-Ind. Lkd B.T.P. 20/25 | EUR | 8.475.000 | 8.475.000 | 0 | % | 101,075 | 8.566.857,71 | 0,62 |
| XS2168038417 AT0000A10683 | 0,2500 % Republik Litauen MTN 20/25 2,4000 % Republik Öster- | EUR | 1.000.000 | 1.000.000 | 0 | % | 102,053 | 1.020.532,70 | 0,07 |
|  | reich Bundesanl. 13/34  2) | EUR | 2.000.000 | 0 | 1.500.000 | % | 132,787 | 2.655.731,40 | 0,19 |
| AT0000A1K9F1 | 1,5000 % Republik Österreich Bundesanl. 16/47 | EUR | 7.000.000 | 6.000.000 | 0 | % | 130,775 | 9.154.224,10 | 0,66 |
| AT0000A269M8 | 0,5000 % Republik Österreich MTN 19/29  2) | EUR | 6.000.000 | 5.000.000 | 1.500.000 | % | 105,890 | 6.353.427,00 | 0,46 |
| XS1958534528 | 1,0000 % Republik Polen MTN 19/29 | EUR | 1.350.000 | 0 | 0 | % | 104,334 | 1.408.512,11 | 0,10 |
| PTOTE5OE0007 | 4,1000 % Republik Portugal Obl. 06/37 | EUR | 4.000.000 | 0 | 1.000.000 | % | 148,564 | 5.942.560,00 | 0,43 |
| PTOTEROE0014 | 3,8750 % Republik Portugal Obr. 14/30  2) | EUR | 4.000.000 | 2.000.000 | 0 | % | 131,938 | 5.277.520,00 | 0,38 |
| PTOTESOE0013 | 2,2000 % Republik Portugal Obr. 15/22 | EUR | 3.000.000 | 0 | 0 | % | 106,273 | 3.188.190,00 | 0,23 |
| PTOTETOE0012 | 2,8750 % Republik Portugal Obr. 16/26 | EUR | 5.000.000 | 2.000.000 | 0 | % | 116,980 | 5.849.000,00 | 0,42 |

Die Fußnotenerklärungen befinden sich am Ende der Tabelle.

#### Vermögensaufstellung zum 31.05.2020
| ISIN | Gattungsbezeichnung | Markt | Stück bzw. Anteile bzw. Währung | Bestand 31.05.2020 | Käufe/	Verkäufe/ Zugänge	Abgänge im Berichtszeitraum | Kurs | Kurswert in EUR | % des Fondsver- mögens |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| PTOTEUOE0019 | 4,1250 % Republik Portugal Obr. 17/27 | EUR | 2.000.000 | 0 | 5.000.000 | % | 126,790 | 2.535.800,00 | 0,18 |
| PTOTEVOE0018 | 2,1250 % Republik Portugal Obr. 18/28 | EUR | 5.000.000 | 5.000.000 | 0 | % | 114,440 | 5.722.000,00 | 0,41 |
| PTOTEWOE0017 | 2,2500 % Republik Portugal Obr. 18/34 | EUR | 3.000.000 | 3.000.000 | 5.000.000 | % | 119,262 | 3.577.860,00 | 0,26 |
| PTOTEXOE0024 | 1,9500 % Republik Portugal Obr. 19/29 | EUR | 4.000.000 | 6.000.000 | 6.000.000 | % | 113,414 | 4.536.560,00 | 0,33 |
| PTOTEMOE0035 | 0,7000 % Republik Portugal Obr. 20/27 | EUR | 8.000.000 | 8.000.000 | 0 | % | 102,411 | 8.192.918,40 | 0,59 |
| XS2178857285 | 2,7500 % Republik Rumänien MTN 20/26 Reg.S | EUR | 2.850.000 | 2.850.000 | 0 | % | 101,116 | 2.881.803,44 | 0,21 |
| XS2178857954 | 3,6240 % Republik Rumänien MTN 20/30 Reg.S | EUR | 1.400.000 | 1.400.000 | 0 | % | 104,555 | 1.463.773,36 | 0,11 |
| XS2063268754 | 1,2500 % Royal Mail PLC Notes 19/26 | EUR | 850.000 | 0 | 0 | % | 94,067 | 799.568,91 | 0,06 |
| XS2176715584 | 0,1250 % SAP SE IHS 20/26  2) | EUR | 2.000.000 | 3.500.000 | 1.500.000 | % | 99,673 | 1.993.452,20 | 0,14 |
| XS2176715667 XS2010045198 | 0,3750 % SAP SE IHS 20/29 0,2500 % Schlumberger Fi- | EUR | 2.000.000 | 4.600.000 | 2.600.000 | % | 99,599 | 1.991.971,20 | 0,14 |
| XS2166754957 | nance B.V. Notes 19/27 1,3750 % Schlumberger Fi- | EUR | 4.400.000 | 4.400.000 | 0 | % | 92,318 | 4.061.970,00 | 0,29 |
|  | nance B.V. Notes 20/26 | EUR | 1.700.000 | 1.700.000 | 0 | % | 100,141 | 1.702.391,22 | 0,12 |
| FR0013067196 | 3,0000 % SCOR SE FLR Notes 15/46  2) | EUR | 1.600.000 | 0 | 0 | % | 109,409 | 1.750.545,60 | 0,13 |
| XS2075811781 XS2078735276 | 0,8750 % SES S.A. MTN 19/27 0,5000 % Shell International Fi- | EUR | 600.000 | 0 | 0 | % | 90,264 | 541.583,46 | 0,04 |
| XS2154418730 | nance BV MTN 19/31 1,5000 % Shell International Fi- | EUR | 1.650.000 | 0 | 0 | % | 95,975 | 1.583.582,55 | 0,11 |
| XS1948598997 | nance BV MTN 20/28 0,3750 % Skandinaviska Enskilda | EUR | 2.000.000 | 2.000.000 | 0 | % | 107,071 | 2.141.423,20 | 0,15 |
|  | Banken MT Cov. Bds 19/26 | EUR | 2.250.000 | 0 | 0 | % | 102,798 | 2.312.957,48 | 0,17 |
| SK4120010430 | 1,3750 % Slowakei Anl. 15/27 | EUR | 2.000.000 | 0 | 0 | % | 108,595 | 2.171.890,80 | 0,16 |
| XS1505573482 | 0,8750 % Snam S.p.A. MTN 16/26 | EUR | 1.150.000 | 0 | 2.000.000 | % | 100,532 | 1.156.119,38 | 0,08 |
| XS1615680151 FR0013311503 | 1,1250 % SNCF Réseau S.A. MTN 17/27 1,1250 % Société Générale S.A. | EUR | 4.000.000 | 0 | 0 | % | 107,503 | 4.300.100,00 | 0,31 |
| FR0013398831 | Non-Preferred MTN 18/25 0,7500 % Société Générale SFH | EUR | 2.600.000 | 2.000.000 | 0 | % | 99,933 | 2.598.269,70 | 0,19 |
| FR0013481207 | S.A. MT Obl.Fin.Hab. 19/27 0,0100 % Société Générale SFH | EUR | 3.900.000 | 0 | 0 | % | 106,153 | 4.139.983,38 | 0,30 |
|  | S.A. MT Obl.Fin.Hab. 20/30 | EUR | 5.000.000 | 5.000.000 | 0 | % | 100,153 | 5.007.642,00 | 0,36 |
| XS2163333656 XS1947550403 | 1,0000 % Sodexo S.A. Notes 20/29 0,5000 % Sparebank. Sør Boligkre- | EUR | 3.100.000 | 3.100.000 | 0 | % | 97,528 | 3.023.364,28 | 0,22 |
|  | ditt AS Mrtg.Cov. MTN 19/26 | EUR | 1.350.000 | 0 | 0 | % | 103,262 | 1.394.034,98 | 0,10 |
| XS2087639626 | 0,7500 % Stryker Corp. Notes 19/29 | EUR | 1.500.000 | 0 | 0 | % | 97,235 | 1.458.521,40 | 0,11 |
| FR0013445335 XS2049582542 | 1,6250 % Suez S.A. FLR Notes 19/Und. 0,0500 % Svenska Handelsban- | EUR | 1.200.000 | 0 | 0 | % | 93,727 | 1.124.726,52 | 0,08 |
|  | ken AB Non-Pref. MTN 19/26  2) | EUR | 1.850.000 | 0 | 0 | % | 96,234 | 1.780.325,12 | 0,13 |
| XS1617859464 XS1946788194 | 1,0000 % Swedbank AB FLR MTN 17/27 0,5000 % Swedbank Hypo- | EUR | 1.200.000 | 0 | 0 | % | 97,742 | 1.172.902,44 | 0,08 |
| FR0013414158 | tek AB MT Cov. Bds 19/26 1,0000 % Synd. Transports Ile | EUR | 1.950.000 | 0 | 0 | % | 103,521 | 2.018.653,07 | 0,15 |
|  | de France MTN 19/34 | EUR | 800.000 | 0 | 0 | % | 107,248 | 857.985,92 | 0,06 |
| XS1729882024 | 2,2500 % Talanx AG FLR Nachr. Anl. 17/47 | EUR | 2.000.000 | 0 | 0 | % | 101,910 | 2.038.208,20 | 0,15 |
| XS1756296965 | 1,4470 % Telefonica Emisiones S.A.U. MTN 18/27 | EUR | 1.100.000 | 0 | 0 | % | 103,850 | 1.142.347,03 | 0,08 |
| XS1953240261 XS2086868010 | 2,1250 % Telia Company AB MTN 19/34 0,8750 % Tesco Corp. Treas. | EUR | 550.000 | 0 | 0 | % | 106,178 | 583.979,28 | 0,04 |
| XS1861206636 | Serv. PLC MTN 19/26 2,0000 % The Goldman Sachs | EUR | 2.160.000 | 2.160.000 | 0 | % | 97,065 | 2.096.603,57 | 0,15 |
| XS1788515606 | Group Inc. MTN 18/28 1,7500 % The Royal Bk of Scotld | EUR | 1.000.000 | 0 | 0 | % | 106,674 | 1.066.739,60 | 0,08 |
| XS2080205367 | Grp PLC FLR MTN 18/26 0,7500 % The Royal Bk of Scotld | EUR | 2.000.000 | 0 | 0 | % | 100,325 | 2.006.504,00 | 0,14 |
| XS1651071877 | Grp PLC FLR MTN 19/25 1,4000 % Thermo Fisher Sci- | EUR | 3.600.000 | 2.000.000 | 0 | % | 96,192 | 3.462.929,28 | 0,25 |
| XS2058556536 | entific Inc. Notes 17/26 0,5000 % Thermo Fisher Sci- | EUR | 1.450.000 | 0 | 0 | % | 103,783 | 1.504.857,27 | 0,11 |
|  | entific Inc. Notes 19/28 | EUR | 850.000 | 0 | 0 | % | 97,534 | 829.040,19 | 0,06 |
| XS1693818525 | 1,3750 % Total Capital Intl S.A. MTN 17/29  2) | EUR | 1.500.000 | 0 | 0 | % | 107,079 | 1.606.188,60 | 0,12 |
| XS2153409029 | 1,9940 % Total Capital Intl S.A. MTN 20/32 | EUR | 1.400.000 | 1.400.000 | 0 | % | 114,206 | 1.598.880,36 | 0,12 |
| XS1195202822 | 2,6250 % Total S.A. FLR MTN 15/Und.  2) | EUR | 2.000.000 | 2.000.000 | 0 | % | 103,089 | 2.061.770,00 | 0,15 |
| CH0409606354 | 1,2500 % UBS Group AG FLR Notes 18/25 | EUR | 1.150.000 | 0 | 0 | % | 101,547 | 1.167.793,61 | 0,08 |
| CH0336602930 | 1,2500 % UBS Group AG MTN 16/26 | EUR | 700.000 | 0 | 0 | % | 102,301 | 716.104,41 | 0,05 |
| XS1696445516 | 1,7500 % Ungarn Bonds 17/27 | EUR | 1.350.000 | 0 | 0 | % | 103,898 | 1.402.623,27 | 0,10 |
| XS1887498282 | 1,2500 % Ungarn Bonds 18/25 | EUR | 1.000.000 | 0 | 0 | % | 101,619 | 1.016.187,50 | 0,07 |

Die Fußnotenerklärungen befinden sich am Ende der Tabelle.

#### Vermögensaufstellung zum 31.05.2020
| ISIN | Gattungsbezeichnung | Markt | Stück bzw. Anteile bzw. Währung | Bestand 31.05.2020 | Käufe/	Verkäufe/ Zugänge	Abgänge im Berichtszeitraum | Kurs | Kurswert in EUR | % des Fondsver- mögens |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FR0013330529 | 2,1250 % Unibail-Rodamco-West- |  |  |  |  |  |  |  |  |
|  | field SE FLR Bonds 18/Und.  2) | EUR | 2.000.000 | 0 | 0 | % | 87,135 | 1.742.708,00 | 0,13 |
| XS1953271225 XS2017471553 | 4,8750 % UniCredit S.p.A. FLR MTN 19/29 1,2500 % UniCredit S.p.A. FLR | EUR | 2.000.000 | 0 | 0 | % | 101,188 | 2.023.753,00 | 0,15 |
| XS1754213947 | Preferred MTN 19/25 1,0000 % UniCredit S.p.A. Non- | EUR | 900.000 | 0 | 0 | % | 97,844 | 880.599,06 | 0,06 |
|  | Preferred MTN 18/23 | EUR | 1.300.000 | 0 | 0 | % | 96,077 | 1.249.000,35 | 0,09 |
| XS2063547041 XS1979446843 | 0,5000 % UniCredit S.p.A. Preferred MTN 19/25 1,5000 % Unio.di Banche Italiane | EUR | 1.400.000 | 0 | 0 | % | 94,363 | 1.321.075,98 | 0,10 |
| FR0124665995 | S.p.A. Preferred MTN 19/24 0,1250 % Union Natle Interp. | EUR | 700.000 | 0 | 0 | % | 98,173 | 687.211,14 | 0,05 |
| FR0013369758 | Em.Com.Ind. MTN 17/24 0,8750 % Union Natle Interp. | EUR | 5.000.000 | 5.000.000 | 0 | % | 101,182 | 5.059.095,50 | 0,37 |
| FR0013410008 | Em.Com.Ind. MTN 18/28 0,5000 % Union Natle Interp. | EUR | 2.000.000 | 0 | 0 | % | 106,487 | 2.129.742,40 | 0,15 |
|  | Em.Com.Ind. MTN 19/29 | EUR | 1.200.000 | 0 | 0 | % | 103,368 | 1.240.418,40 | 0,09 |
| FR0013424876 XS2152058868 | 1,1250 % Vivendi S.A. MTN 19/28 2,5000 % VOLKSW. FINANCIAL | EUR | 2.000.000 | 0 | 0 | % | 98,405 | 1.968.098,00 | 0,14 |
|  | SERVICES AG MTN 20/23  2) | EUR | 1.350.000 | 2.650.000 | 1.300.000 | % | 103,042 | 1.391.063,49 | 0,10 |
| DE000A2R8ND3 | 0,6250 % Vonovia Finance B.V. MTN 19/27 | EUR | 2.000.000 | 2.000.000 | 0 | % | 96,122 | 1.922.439,20 | 0,14 |
| XS1987097430 | 0,5000 % Wells Fargo & Co. MTN 19/24 | EUR | 2.450.000 | 0 | 0 | % | 98,720 | 2.418.639,76 | 0,17 |
| An organisierten Mä | rkten zugelassene oder in diese einbezogene Wer | tpapiere |  |  |  |  |  | 109.843.618,61 | 7,95 |
| Verzinsliche Wertpapiere |  |  |  |  |  | 109.843.618,61 | 7,95 |
| EUR-Anleihen |  |  |  |  |  | 97.437.775,40 | 7,05 |
| XS2006277508	0,7500 % América Móvil S.A.B. |  |  |  |  |  |  |  |
| de C.V. Notes 19/27	EUR | 1.850.000 | 0 | 0 | % | 95,703 | 1.770.499,21 | 0,13 |
| XS2166219720	0,6250 % ASML Holding N.V. Notes 20/29	EUR XS2082818951	1,1250 % Australia & N. Z. Bkg | 1.100.000 | 1.100.000 | 0 | % | 99,966 | 1.099.625,45 | 0,08 |
| Grp Ltd. FLR MTN 19/29	EUR ES0312298021	3,7500 % AYT Cedulas Ca.Gl.- | 1.250.000 | 0 | 0 | % | 97,499 | 1.218.741,25 | 0,09 |
| FTA-S.III AB Notes 05/22	EUR ES0413860398	0,8750 % Banco de Sabadell S.A. | 5.000.000 | 0 | 0 | % | 109,666 | 5.483.297,00 | 0,40 |
| Cédulas Hipotec. 14/21	EUR ES0413790413	0,7500 % Banco Santander S.A. | 3.000.000 | 0 | 0 | % | 101,493 | 3.044.781,60 | 0,22 |
| Cédulas Hipotec. 15/20	EUR ES0413900566	0,2500 % Banco Santander S.A. | 2.000.000 | 0 | 0 | % | 100,284 | 2.005.673,80 | 0,14 |
| Mortg.Cov. MTN 19/29  2)	 EUR ES0413900558	0,8750 % Banco Santander S.A. | 3.000.000 | 0 | 0 | % | 102,699 | 3.080.965,20 | 0,22 |
| Mortg.Cov. MTN 19/31	EUR | 1.500.000 | 0 | 0 | % | 109,374 | 1.640.610,60 | 0,12 |
| ES0413307119	0,8750 % BANKIA S.A. Cédulas Hipotec. 16/21	EUR ES0213307061	1,1250 % Bankia S.A. Non- | 3.300.000 | 0 | 0 | % | 100,632 | 3.320.841,48 | 0,24 |
| Preferred Bonos 19/26	EUR | 1.500.000 | 0 | 0 | % | 89,683 | 1.345.239,75 | 0,10 |
| ES0213307053	0,7500 % Bankia S.A. Preferred Bonos 19/26	EUR | 1.300.000 | 0 | 0 | % | 94,589 | 1.229.656,87 | 0,09 |
| ES0213679HN2	0,8750 % Bankinter S.A. Non-Pref. Obl. 19/26	EUR FR0013515749	1,2500 % Bque Fédérative du Cr. Mu- | 2.100.000 | 0 | 0 | % | 95,060 | 1.996.254,54 | 0,14 |
| tuel Non-Pref. MTN 20/30	EUR ES0440609248	2,6250 % Caixabank S.A. Cé- | 900.000 | 900.000 | 0 | % | 100,634 | 905.703,48 | 0,07 |
| dulas Hipotec. 14/24	EUR XS1907122656	1,5000 % Coca-Cola European | 3.200.000 | 0 | 0 | % | 110,576 | 3.538.416,00 | 0,26 |
| Partn. PLC Notes 18/27	EUR XS2051655095	0,7000 % Coca-Cola European | 1.350.000 | 0 | 0 | % | 104,440 | 1.409.934,06 | 0,10 |
| Partn. PLC Notes 19/31	EUR | 1.300.000 | 0 | 0 | % | 93,381 | 1.213.950,53 | 0,09 |
| XS2114852218	0,2500 % Comcast Corp. Notes 20/27	EUR | 1.100.000 | 1.100.000 | 0 | % | 97,378 | 1.071.162,95 | 0,08 |
| XS2114852564	0,7500 % Comcast Corp. Notes 20/32	EUR XS2050933972	3,2500 % Coöperatieve Rabobank | 1.800.000 | 1.800.000 | 0 | % | 96,685 | 1.740.331,44 | 0,13 |
| U.A. FLR Cap.Sec. 19/Und.	EUR | 1.800.000 | 0 | 0 | % | 93,764 | 1.687.759,74 | 0,12 |
| CH0494734418	0,6500 % Credit Suisse Group AG MTN 19/29	EUR XS2063495811	1,1250 % Digital Euro Finco | 1.850.000 | 0 | 0 | % | 94,136 | 1.741.516,93 | 0,13 |
| LLC Notes 19/28 Reg.S	EUR | 1.550.000 | 0 | 0 | % | 97,027 | 1.503.916,02 | 0,11 |
| FR0013431244	1,6250 % Engie S.A. FLR Notes 19/Und.	EUR ES0378641346	0,0500 % Fdo de Tit.D.Def.Sist. | 2.200.000 | 0 | 0 | % | 97,933 | 2.154.517,86 | 0,16 |
| Elec.FTA MT Bonos 19/24	EUR | 1.200.000 | 0 | 0 | % | 100,355 | 1.204.263,96 | 0,09 |
| ES0205032032	1,3820 % Ferrovial Emisiones S.A. Notes 20/26	EUR XS1721244371	1,8750 % Iberdrola Internatio- | 3.900.000 | 3.900.000 | 0 | % | 99,815 | 3.892.777,20 | 0,28 |
| nal B.V. FLR Notes 17/Und.	EUR | 2.100.000 | 0 | 0 | % | 100,659 | 2.113.842,57 | 0,15 |

Die Fußnotenerklärungen befinden sich am Ende der Tabelle.
| Vermögensaufstellung zum 31.05.2020 |
| --- |
| ISIN | Gattungsbezeichnung | Markt | Stück bzw. Anteile bzw. Währung | Bestand 31.05.2020 | Käufe/	Verkäufe/ Zugänge	Abgänge im Berichtszeitraum | Kurs | Kurswert in EUR | % des Fondsver- mögens |
| XS1890845875 | 3,2500 % Iberdrola Internatio- |  |  |  |  |  |  |  |  |
| XS2053053273 | nal B.V. FLR Securit. 19/Und. 1,8750 % Mandatum Life Insu- | EUR | 1.100.000 | 0 | 0 | % | 106,527 | 1.171.799,31 | 0,08 |
|  | rance Co.Ltd FLR Notes 19/49 | EUR | 3.000.000 | 3.000.000 | 0 | % | 97,534 | 2.926.005,00 | 0,21 |
| ES0224244071 | 1,6250 % Mapfre S.A. Obl. 16/26 | EUR | 1.300.000 | 0 | 0 | % | 104,600 | 1.359.801,56 | 0,10 |
| XS2104886341 XS2004880832 | 1,1250 % Mexiko MTN 20/30  2) 0,5230 % Mizuho Financial | EUR | 1.000.000 | 1.000.000 | 0 | % | 88,608 | 886.080,80 | 0,06 |
|  | Group Inc. MTN 19/24 | EUR | 1.750.000 | 0 | 0 | % | 97,858 | 1.712.507,83 | 0,12 |
| XS2168625544 XS1172951508 | 0,5000 % PepsiCo Inc. Notes 20/28 2,7500 % Petróleos Mexica- | EUR | 4.600.000 | 4.600.000 | 0 | % | 99,594 | 4.581.337,34 | 0,33 |
|  | nos (PEMEX) MTN 15/27  2) | EUR | 2.000.000 | 2.000.000 | 0 | % | 81,678 | 1.633.558,20 | 0,12 |
| XS1807430811 | 0,6250 % Provinz Ontario MTN 18/25 | EUR | 3.000.000 | 0 | 0 | % | 103,070 | 3.092.087,40 | 0,22 |
| XS2153608141 | 0,3750 % Provinz Ontario MTN 20/27 | EUR | 2.000.000 | 2.000.000 | 0 | % | 101,031 | 2.020.623,20 | 0,15 |
| XS1606720131 | 0,8750 % Provinz Quebec MTN 17/27 | EUR | 4.000.000 | 0 | 0 | % | 105,429 | 4.217.162,00 | 0,30 |
| XS2065939469 | 0,0000 % Provinz Quebec MTN 19/29 | EUR | 3.550.000 | 0 | 0 | % | 97,571 | 3.463.761,27 | 0,25 |
| IT0005402117 XS2114143758 | 1,4500 % Republik Italien B.T.P. 20/36 0,0500 % Santander Consumer | EUR | 7.000.000 | 7.000.000 | 0 | % | 94,622 | 6.623.505,00 | 0,48 |
| XS1806368897 | Bank AG Pfe. MTN 20/30  2) 1,7500 % Scentre Mgmt Ltd./ | EUR | 3.000.000 | 3.000.000 | 0 | % | 100,550 | 3.016.489,20 | 0,22 |
|  | RE1 a.Tr.1/2 MTN 18/28 | EUR | 900.000 | 0 | 0 | % | 95,521 | 859.688,01 | 0,06 |
| SK4000017158 XS2181959110 | 0,2500 % Slowakei Anl. 20/25 2,7140 % Swiss Re Finance [UK] | EUR | 4.050.000 | 4.050.000 | 0 | % | 102,050 | 4.133.037,15 | 0,30 |
| XS2066749461 | PLC FLR MTN 20/52 0,5020 % UniCredit Leasing Corp. | EUR | 700.000 | 700.000 | 0 | % | 102,119 | 714.833,00 | 0,05 |
| XS2115092954 | IFN SA Bonds 19/22 0,5000 % Whirlpool EMEA Fi- | EUR | 2.400.000 | 0 | 0 | % | 98,193 | 2.356.631,76 | 0,17 |
|  | nance S.à r.l Notes 20/28 | EUR | 1.400.000 | 1.400.000 | 0 | % | 89,613 | 1.254.587,88 | 0,09 |
| USD-Anleihen |  |  |  |  |  |  |  | 12.405.843,21 | 0,90 |
| US09247XAR26 | 1,9000 % Blackrock Inc. Notes 20/31 | USD | 2.600.000 | 2.600.000 | 0 | % | 102,177 | 2.392.265,97 | 0,17 |
| US31428XBY13 US59217HCS40 | 3,8000 % Fedex Corp. Notes 20/25 2,9500 % Metropolitan Life Glo- | USD | 2.500.000 | 2.500.000 | 0 | % | 109,816 | 2.472.219,50 | 0,18 |
| US29736RAQ39 | bal Fdg I MTN 20/30 Reg.S 2,6000 % The Estée Lauder Com- | USD | 2.800.000 | 2.800.000 | 0 | % | 108,231 | 2.728.926,39 | 0,20 |
| XS1917910884 | pan. Inc. Notes 20/30 7,8300 % UniCredit S.p.A. Non- | USD | 2.000.000 | 2.000.000 | 0 | % | 108,545 | 1.954.881,40 | 0,14 |
| XS1935310166 | Pref. MTN 18/23 Reg.S 6,5720 % UniCredit S.p.A. Non- | USD | 2.000.000 | 0 | 0 | % | 111,753 | 2.012.666,01 | 0,15 |
|  | Pref. MTN 19/22 Reg.S | USD | 900.000 | 0 | 0 | % | 104,249 | 844.883,94 | 0,06 |
| Wertpapier-Investmentanteile |  |  |  |  |  | 11.303.453,13 | 0,82 |
| Gruppeneigene Wertpapier-Investmentanteile |  |  |  |  |  | 11.303.453,13 | 0,82 |
| Luxemburg |  |  |  |  |  | 11.303.453,13 | 0,82 |
| LU1633810442	AGIF-Allianz Gl.Inf-Linked Bd In- |  |  |  |  |  |  |  |
| haber Ant. WH Dis. LU1297616101	Allianz GIF-Allianz Green Bond | ANT | 8.000 | 0 | 0 EUR | 1.037,370 | 8.298.960,00 | 0,60 |
| Inhaber-Anteile W | ANT | 2.860,169 | 0 | 0 EUR | 1.050,460 | 3.004.493,13 | 0,22 |
| Summe Wertpapiervermögen  3) |  |  |  | EUR |  | 1.336.959.488,00 | 96,48 |
| Derivate (Bei den mit Minus gekennzeichneten Beständen handelt es sich um verk | aufte Positionen) |  |  |  |  |
| Zins-Derivate | Forderungen/ Verbindlichkeiten |  |  |  |  |  |  |  |  |  |
| Zinsterminkontrakte |  |  |  |  | 283.575,67 | 0,02 |
| EURO Bobl Future (FGBM) Juni 20	XEUR | EUR | -34.000.000 |  |  | -90.790,00 | -0,01 |
| EURO Bund Future (FGBL) Juni 20	XEUR | EUR | -27.000.000 |  |  | 524.130,00 | 0,04 |
| EURO-BTP Future (FBTP) Juni 20	XEUR | EUR | -3.000.000 |  |  | -150.430,00 | -0,01 |
| Long Gilt Future (FLG) Sep. 20	IFEU | GBP | 1.000.000 |  |  | 665,67 | 0,00 |
| Optionsrechte Optionsrechte auf Zinsterminkontrakte |  |  |  |  | 83.479,29 | 0,01 |
| 10-Year Treas.Note Future |  |  |  |  |  |  |
| (TYA) Call Juli 20 140	XCBT 10-Year Treas.Note Future | USD Anzahl | 600 | USD | 0,156 | 84.421,43 | 0,01 |
| (TYA) Call Juli 20 140,5	XCBT 10-Year Treas.Note Future | USD Anzahl | 600 | USD | 0,109 | 59.095,00 | 0,00 |
| (TYA) Call Juli 20 144	XCBT 10-Year Treas.Note Future | USD Anzahl | -1.200 | USD | 0,031 | -33.768,57 | 0,00 |
| (TYA) Call Juli 20 144,5	XCBT | USD Anzahl | -1.200 | USD | 0,031 | -33.768,57 | 0,00 |

Die Fußnotenerklärungen befinden sich am Ende der Tabelle.

#### Vermögensaufstellung zum 31.05.2020
| ISIN | Gattungsbezeichnung | Markt | Stück bzw. Anteile bzw. Währung | Bestand 31.05.2020 | Käufe/	Verkäufe/ Zugänge	Abgänge im Berichtszeitraum | Kurs | Kurswert in EUR | % des Fondsver- mögens |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | EURO Bund Future (FGBL) |  |  |  |  |  |  |  |
| Put Juli 20 169	XEUR EURO Bund Future (FGBL) | EUR Anzahl | -750 | EUR | -0,030 | 22.500,00 | 0,00 |
| Put Juli 20 171	XEUR EURO Bund Future (FGBL) | EUR Anzahl | -750 | EUR | -0,050 | 37.500,00 | 0,00 |
| Put Juli 20 173,5	XEUR | EUR Anzahl | 750 | EUR | -0,070 | -52.500,00 | 0,00 |
| Summe Zins-Derivate |  |  | EUR |  | 367.054,96 | 0,03 |
| Devisen-Derivate |  |  |  |  |  |  |  |
| Forderungen/ Verbindlichkeiten Cross Rate EUR/USD 2PM Fut. |  |  |  |  |  |  |  |
| (EUU) Put Juni 20 1,04 Cross Rate EUR/USD 2PM Fut. | XCME | USD Anzahl | -93.750.000 | USD | 0,000 | -4.221,07 | 0,00 |
| (EUU) Put Juni 20 1,06 Cross Rate EUR/USD 2PM Fut. | XCME | USD Anzahl | -93.750.000 | USD | 0,000 | -4.221,07 | 0,00 |
| (EUU)Put Juni 20 1,0775 | XCME | USD Anzahl | 93.750.000 | USD | 0,000 | 8.442,14 | 0,00 |
| Devisenterminkontrakte (Verkauf) |  |  |  |  |  | 77.632,25 | 0,00 |
| Offene Positionen |  |  |  |  |  |  |  |
| USD/EUR 4.600.000,00 | OTC |  |  |  |  | 77.632,25 | 0,00 |
| Summe Devisen-Derivate |  |  |  | EUR |  | 77.632,25 | 0,00 |
| Kreditderivate |  |  |  |  |  |  |  |
| Credit Default Swaps (CDS) CCP |  |  |  |  |  | -601.650,00 | -0,04 |
| Protection Buyer |  |  |  |  |  | -601.650,00 | -0,04 |
| CDS ITRAXX EUROPE SEN |  |  |  |  |  |  |  |
| FINANCIALS S32 V1 5Y / CS- |  |  |  |  |  |  |  |
| FBINT_LDN / 20.12.2024 | IFEU | EUR | 50.000.000 |  |  | -601.650,00 | -0,04 |
| Summe Kreditderivate |  |  | EUR |  | -601.650,00 | -0,04 |
| Bankguthaben, Geldmarktpapiere, Geldmarkt- und geldmarktnahe Fonds |  |  |  |  |  |  |
| Bankguthaben |  |  |  |  |  |  |
| EUR-Guthaben bei der Verwahrstelle |  |  |  |  |  |  |
| State Street Bank International GmbH | EUR | 16.950.940,49 | % | 100,000 | 16.950.940,49 | 1,22 |
| Guthaben in sonstigen EU/EWR-Währungen |
| State Street Bank International GmbH | DKK | 394.665,30 | % | 100,000 | 52.942,52 | 0,00 |
| State Street Bank International GmbH | GBP | 253.867,57 | % | 100,000 | 281.652,60 | 0,02 |
| State Street Bank International GmbH | NOK | 153.660,73 | % | 100,000 | 14.186,14 | 0,00 |
| State Street Bank International GmbH | PLN | 95.330,00 | % | 100,000 | 21.431,14 | 0,00 |
| State Street Bank International GmbH | SEK | 53.818,80 | % | 100,000 | 5.119,63 | 0,00 |
| Guthaben in Nicht-EU/EWR-Währungen |

| State Street Bank International GmbH | AUD | 94.286,64 |  | % | 100,000 | 56.504,74 | 0,00 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| State Street Bank International GmbH | CAD | 10.500,82 |  | % | 100,000 | 6.866,87 | 0,00 |
| State Street Bank International GmbH | CHF | 7.784,26 |  | % | 100,000 | 7.282,16 | 0,00 |
| State Street Bank International GmbH | JPY | 1.991.369,00 |  | % | 100,000 | 16.727,00 | 0,00 |
| State Street Bank International GmbH | MXN | 2.010.205,89 |  | % | 100,000 | 81.444,21 | 0,01 |
| State Street Bank International GmbH | USD | 2.854.417,05 |  | % | 100,000 | 2.570.389,06 | 0,19 |
| State Street Bank International GmbH | ZAR | 248.268,40 |  | % | 100,000 | 12.730,02 | 0,00 |
| Summe Bankguthaben  12) |  |  |  | EUR |  | 20.078.216,58 | 1,44 |
| Geldmarktpapiere |  |  |  |  |  |  |  |
| EUR |  |  |  |  |  | 25.014.050,00 | 1,80 |
| IT0005399578 0,0000 % Repub- |  |  |  |  |  |  |  |
| lik Italien Zero B.O.T. 20/20 | EUR | 25.000.000 | 25.000.000 | 0  % | 100,056 | 25.014.050,00 | 1,80 |
| Summe Geldmarktpapiere |  | EUR | 25.014.050,00 | 1,80 |
| Summe der Bankguthaben, Geldmarktpapiere, Geldmarkt- und geldmarktnahe Fonds  30) |  | EUR | 45.092.266,58 | 3,24 |
| Sonstige Vermögensgegenstände |  |  |  |  |
| Zinsansprüche	EUR | 5.794.012,95 |  | 5.794.012,95 | 0,42 |
| Forderungen aus Wertpapierdarlehen	EUR | 53.419,76 |  | 53.419,76 | 0,00 |
| Forderungen aus Anteilscheingeschäften	EUR | 143.073,73 |  | 143.073,73 | 0,01 |
| Forderungen aus Wertpapiergeschäften	EUR Forderungen aus Ersatzleis- | 3.289.744,52 |  | 3.289.744,52 | 0,24 |
| tung Zinsen/Dividenden	EUR | 511.678,50 |  | 511.678,50 | 0,04 |
| Forderungen aus Initial Margin CCP	EUR | 799.181,00 |  | 799.181,00 | 0,06 |
| Forderungen aus Variation Margin CCP	EUR | 601.650,00 |  | 601.650,00 | 0,04 |
| Summe Sonstige Vermögensgegenstände |  | EUR | 11.192.760,46 | 0,81 |
| Sonstige Verbindlichkeiten |  |  |  |  |
| Verbindlichkeiten aus Wertpapierdarlehen	EUR | -16.025,84 |  | -16.025,84 | 0,00 |
| Verbindlichkeiten aus Anteilscheingeschäften	EUR | -4.878.492,86 |  | -4.878.492,86 | -0,35 |

Die Fußnotenerklärungen befinden sich am Ende der Tabelle.

#### Vermögensaufstellung zum 31.05.2020
| ISIN | Gattungsbezeichnung | Markt | Stück bzw. Anteile bzw. | Bestand 31.05.2020 | Käufe/	Verkäufe/ Zugänge	Abgänge | Kurs | Kurswert in EUR | % des Fondsver- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | Währung |  | im Berichtszeitraum |  |  | mögens |
| Verbindlichkeiten aus Wertpapiergeschäften | EUR | -1.593.880,00 |  |  | -1.593.880,00 | -0,12 |
| Kostenabgrenzung | EUR | -739.096,51 |  |  | -739.096,51 | -0,05 |
| Summe Sonstige Verbindlichkeiten |  |  |  | EUR | -7.227.495,21 | -0,52 |
| Fondsvermögen |  |  |  | EUR | 1.385.860.057,04 | 100,00 |
| Summe der umlaufenden Anteile aller Anteilklassen |  |  |  | STK | 15.281.566 |  |

2) 
Diese Wertpapiere sind ganz oder teilweise als Wertpapier-Darlehen übertragen.
3) 
Die Wertpapiere des Sondervermögens sind teilweise durch Geschäfte mit Finanzinstrumenten abgesichert.
12) 
Diese Bankguthaben sind ganz oder teilweise als Sicherheiten für zentral geclearte Derivate an einen Dritten übertragen worden.
30) 
Im Bankguthaben können Cash Initial Margin enthalten sein.
| Gattungsbezeichnung |  | Stück bzw. Nominal in Währung | Wertpapier - Darlehen Kurswert in EUR befristet	unbefristet | gesamt |
| --- | --- | --- | --- | --- |
| Erläuterungen zu den Wertpapier-Darlehen Folgende Wertpapiere sind zum Berichtsstichtag als Wertpapier-Darlehen übertragen: 1,0000 % Agence Française Développement MTN 18/28 | EUR | 2.000.000 | 2.136.320,00 |  |
| 2,1240 % Assicurazioni Generali S.p.A. MTN 19/30 | EUR | 949.000 | 900.261,73 |  |
| 1,2500 % Avery Dennison Corp. Notes 17/25 | EUR | 500.000 | 500.461,45 |  |
| 1,0000 % Banco BPM S.p.A. MT Mortg. Cov. Bds 18/25 | EUR | 900.000 | 926.486,37 |  |
| 0,2500 % Banco Santander S.A. Mortg.Cov. MTN 19/29 | EUR | 1.500.000 | 1.540.482,60 |  |
| 1,1250 % Banco Santander S.A. Non-Pref. MTN 18/25 | EUR | 800.000 | 806.808,00 |  |
| 2,7500 % BPCE S.A. FLR MTN 15/27 | EUR | 600.000 | 618.357,36 |  |
| 1,7500 % Bundesrep.Deutschland Anl. 12/22 | EUR | 15.643.000 | 16.424.837,14 |  |
| 0,5000 % Bundesrep.Deutschland Anl. 16/26 | EUR | 7.899.000 | 8.414.330,76 |  |
| 0,0000 % Bundesrep.Deutschland Anl. 16/26 | EUR | 4.900.000 | 5.087.327,00 |  |
| 0,2500 % Bundesrep.Deutschland Anl. 17/27 | EUR | 3.010.000 | 3.182.232,20 |  |
| 0,5000 % Bundesrep.Deutschland Anl. 18/28 | EUR | 11.800.000 | 12.767.718,00 |  |
| 0,2500 % Bundesrep.Deutschland Anl. 19/29 | EUR | 3.840.000 | 4.095.282,82 |  |
| 0,0000 % Bundesrep.Deutschland Anl. 19/50 | EUR | 1.000.000 | 997.979,90 |  |
| 0,0000 % Bundesrep.Deutschland Anl. 20/30 | EUR | 11.649.000 | 12.150.604,78 |  |
| 1,1250 % Bureau Veritas SA Notes 19/27 | EUR | 1.100.000 | 1.041.774,14 |  |
| 1,3750 % Cais. d'Amort.de la Dette Soc. MTN 14/24 | EUR | 500.000 | 537.491,70 |  |
| 0,0100 % Caisse Refinancement l'Habitat Covered Bonds 19/26 | EUR | 500.000 | 505.267,80 |  |
| 2,3750 % Carmila S.A.S. Notes 16/24 | EUR | 900.000 | 887.291,46 |  |
| 2,1250 % Cassa Depositi e Prestiti SpA MTN 18/23 | EUR | 2.400.000 | 2.492.171,76 |  |
| 1,0000 % Cassa Depositi e Prestiti SpA MTN 20/30 | EUR | 1.100.000 | 1.024.328,47 |  |
| 1,0000 % Cellnex Telecom S.A. MTN 20/27 | EUR | 800.000 | 750.131,84 |  |
| 0,3750 % Continental AG MTN 19/25 | EUR | 800.000 | 755.748,08 |  |
| 0,0500 % DZ HYP AG MTN Hyp.-Pfe. R.1215 19/29 | EUR | 799.000 | 807.805,70 |  |
| 0,8750 % Eika BoligKreditt A.S. MT Cov. MTN 19/29 | EUR | 2.449.000 | 2.619.193,74 |  |
| 1,6250 % EnBW Energie Baden-Württem. AG FLR Anl. 19/79 | EUR | 600.000 | 581.121,48 |  |
| 3,3750 % ENEL S.p.A. FLR Cap. Secs 18/81 | EUR | 349.000 | 361.422,45 |  |
| 0,6250 % ENI S.p.A. MTN 20/30 | EUR | 800.000 | 748.707,60 |  |
| 3,0000 % Europ.Fin.Stab.Facility (EFSF) MTN 13/34 | EUR | 1.800.000 | 2.579.993,82 |  |
| 0,7500 % Europ.Fin.Stab.Facility (EFSF) MTN 17/27 | EUR | 2.800.000 | 3.073.253,96 |  |
| 0,0500 % Europ.Fin.Stab.Facility (EFSF) MTN 19/29 | EUR | 4.200.000 | 4.314.355,50 |  |
| 0,8750 % Europ.Fin.Stab.Facility (EFSF) MTN 19/35 | EUR | 3.999.000 | 4.484.189,47 |  |
| 3,0000 % Europäische Union MTN 11/26 | EUR | 800.000 | 964.753,92 |  |
| 1,0000 % Europäischer Stabilitäts.(ESM) MTN 15/25 | EUR | 5.500.000 | 5.904.646,55 |  |
| 0,5000 % Europäischer Stabilitäts.(ESM) MTN 19/29 | EUR | 3.099.000 | 3.295.511,93 |  |
| 1,1250 % European Investment Bank MTN 17/33 | EUR | 2.500.000 | 2.888.703,50 |  |
| 2,1250 % Groupama Assurances Mutuelles Notes 19/29 | EUR | 1.000.000 | 945.591,90 |  |
| 0,8750 % Hera S.p.A. MTN 19/27 | EUR | 499.000 | 497.462,63 |  |
| 2,1250 % InterContinental Hotels Group MTN 18/27 | EUR | 600.000 | 564.261,72 |  |
| 0,0000 % International Bank Rec. Dev. MTN 20/30 | EUR | 1.800.000 | 1.801.781,28 |  |
| 1,7500 % Intesa Sanpaolo S.p.A. Pref. MTN 19/29 | EUR | 1.270.000 | 1.227.168,62 |  |
| 0,6500 % Intl Business Machines Corp. Notes 20/32 | EUR | 1.781.000 | 1.705.869,76 |  |
| 2,0000 % JCDecaux S.A. Bonds 20/24 | EUR | 2.300.000 | 2.253.206,27 |  |
| 0,0000 % Königreich Belgien Bons d'Etat 20/27 | EUR | 4.500.000 | 4.555.305,45 |  |
| 0,9000 % Königreich Belgien Obl. Lin. 19/29 | EUR | 1.000.000 | 1.088.770,00 |  |
| 1,7000 % Königreich Belgien Obl. Lin. 19/50 | EUR | 1.799.000 | 2.286.312,94 |  |
| 0,4000 % Königreich Belgien Obl. Lin. 20/40 | EUR | 8.900.000 | 8.665.432,49 |  |

| Gattungsbezeichnung |  | Stück bzw. Nominal in Währung | Wertpapier - Darlehen Kurswert in EUR befristet	unbefristet | gesamt |
| --- | --- | --- | --- | --- |
| 4,5000 % Königreich Belgien Obl. Lin. S.64 11/26 | EUR | 5.499.000 | 7.056.921,69 |  |
| 0,2000 % Königreich Belgien Obl. Lin. S.79 16/23 | EUR | 8.999.000 | 9.214.526,05 |  |
| 3,2500 % Königreich Niederlande Anl. 11/21 | EUR | 6.999.000 | 7.298.277,24 |  |
| 2,5000 % Königreich Niederlande Anl. 12/33 | EUR | 3.999.000 | 5.353.860,80 |  |
| 2,0000 % Königreich Niederlande Anl. 14/24 | EUR | 9.999.000 | 11.064.593,43 |  |
| 0,7500 % Königreich Niederlande Anl. 17/27 | EUR | 7.998.000 | 8.664.633,30 |  |
| 0,5000 % Königreich Niederlande Anl. 19/40 | EUR | 3.999.000 | 4.388.342,24 |  |
| 0,3750 % Kreditanst.f.Wiederaufbau Anl. 18/25 | EUR | 500.000 | 519.787,95 |  |
| 0,6250 % Kreditanst.f.Wiederaufbau Anl. 18/28 | EUR | 999.000 | 1.070.146,68 |  |
| 0,5000 % La Banq. Postale Home Loan SFH MT Obl.FinHab 19/26 | EUR | 500.000 | 518.971,35 |  |
| 1,3750 % La Banque Postale Non-Pref. MTN 19/29 | EUR | 1.200.000 | 1.227.123,60 |  |
| 0,5000 % Mediobanca - Bca Cred.Fin. SpA Mortg.Cov.MTN 19/26 | EUR | 1.099.000 | 1.120.332,36 |  |
| 1,1250 % Mexiko MTN 20/30 | EUR | 800.000 | 708.864,64 |  |
| 1,1250 % Pernod-Ricard S.A. Bonds 20/25 | EUR | 1.500.000 | 1.530.475,35 |  |
| 2,7500 % Petróleos Mexicanos (PEMEX) MTN 15/27 | EUR | 1.400.000 | 1.143.490,74 |  |
| 1,7500 % Rep. Frankreich OAT 13/23 | EUR | 14.999.000 | 16.034.980,93 |  |
| 1,0000 % Rep. Frankreich OAT 16/27 | EUR | 17.997.000 | 19.569.937,80 |  |
| 0,7500 % Rep. Frankreich OAT 17/28 | EUR | 18.999.000 | 20.446.341,92 |  |
| 0,6500 % Republik Italien B.T.P. 16/23 | EUR | 16.999.000 | 17.048.807,07 |  |
| 3,0000 % Republik Italien B.T.P. 19/29 | EUR | 4.999.000 | 5.683.212,63 |  |
| 2,4000 % Republik Österreich Bundesanl. 13/34 | EUR | 1.999.000 | 2.654.403,53 |  |
| 0,5000 % Republik Österreich MTN 19/29 | EUR | 5.498.000 | 5.821.856,95 |  |
| 3,8750 % Republik Portugal Obr. 14/30 | EUR | 3.998.000 | 5.274.881,24 |  |
| 0,0500 % Santander Consumer Bank AG Pfe. MTN 20/30 | EUR | 2.500.000 | 2.513.741,00 |  |
| 0,1250 % SAP SE IHS 20/26 | EUR | 900.000 | 897.053,49 |  |
| 3,0000 % SCOR SE FLR Notes 15/46 | EUR | 1.500.000 | 1.641.136,50 |  |
| 0,0500 % Svenska Handelsbanken AB Non-Pref. MTN 19/26 | EUR | 500.000 | 481.168,95 |  |
| 1,3750 % Total Capital Intl S.A. MTN 17/29 | EUR | 500.000 | 535.396,20 |  |
| 2,6250 % Total S.A. FLR MTN 15/Und. | EUR | 1.200.000 | 1.237.062,00 |  |
| 2,1250 % Unibail-Rodamco-Westfield SE FLR Bonds 18/Und. | EUR | 1.000.000 | 871.354,00 |  |
| 2,5000 % VOLKSW. FINANCIAL SERVICES AG MTN 20/23 | EUR | 256.000 | 263.786,85 |  |
| Gesamtbetrag der Rückerstattungsansprüche aus Wertpapier-Darlehen: | EUR |  | 298.613.986,52 | 298.613.986,52 |
| Gesamtbetrag der bei Wertpapier-Darlehen von Dritten gewährten Sicherheiten: | EUR |  |  | 319.190.495,48 |
| davon: | EUR |  |  |  |
| Aktien | EUR |  | 76.421.442,76 |  |
| Schuldverschreibungen | EUR |  | 242.769.052,72 |  |

| Gattungsbezeichnung |  | gesamt |
| --- | --- | --- |
| Gesamtbetrag der Nennwerte der Bankguthaben, |  |  |
| die Dritten als Sicherheiten für zentral geclearte |  |  |
| Derivate dienen: | EUR | 1.400.831,00 |
| Gesamtbetrag der Kurswerte der Wertpapiere, die |  |  |
| Dritten als Marginsicherheiten für Termingeschäfte |  |  |
| dienen: | EUR | 13.010.805,00 |


#### Allianz Rentenfonds A (EUR)
ISIN	DE0008471400
Fondsvermögen	1.298.388.459,88
Umlaufende Anteile	14.928.923,104
Anteilwert	86,97
Allianz Rentenfonds IT2 (EUR)
| ISIN | DE000A2AMPP5 |
| --- | --- |
| Fondsvermögen | 261.281,87 |
| Umlaufende Anteile | 254,246 |
| Anteilwert | 1.027,67 |
| Allianz Rentenfonds P (EUR) |  |
| ISIN | DE0009797415 |
| Fondsvermögen | 57.271.705,03 |
| Umlaufende Anteile | 47.215,350 |
| Anteilwert | 1.212,99 |
| Allianz Rentenfonds P2 (EUR) |  |
| ISIN | DE0009797654 |
| Fondsvermögen | 29.926.266,90 |
| Umlaufende Anteile | 305.052,791 |
| Anteilwert | 98,10 |
| Allianz Rentenfonds R (EUR) |  |
| ISIN | DE000A2DU1G9 |
| Fondsvermögen | 12.343,36 |
| Umlaufende Anteile | 120,884 |
| Anteilwert | 102,11 |


### Wertpapierkurse bzw. Marktsätze

##### Die Vermögensgegenstände des Sondervermögens sind auf der Grundlage nachstehender Kurse/Marktsätze bewertet:
Internationale Obligationen: Kurse per 28.05.2020 oder letztbekannte
Alle anderen Vermögenswerte: Kurse bzw. Marktsätze per 29.05.2020 oder letztbekannte

### Ergänzende Anmerkung zur Bewertung
Die Bewertung erfolgt durch die Kapitalverwaltungsgesellschaft (KVG).
Aktien, Bezugsrechte, Börsennotierte Fonds (ETFs), Genussscheine, Rentenpapiere und börsengehandelte Derivate werden, sofern vorhanden, grundsätz- lich mit handelbaren Börsenkursen bewertet.
Rentenpapiere, für die keine handelbaren Börsenkurse vorliegen, werden mit validierten Kursstellungen von Brokern oder unter Einbeziehung der relevan- ten Marktinformationen im Rahmen von regelmäßig überprüften Modellen bewertet.
Genussscheine, für die keine handelbaren Börsenkurse vorliegen, werden mit dem Mittelwert von Bid- und Ask-Kurs bewertet.
Nicht börsengehandelte Derivate und Bezugsrechte werden unter Einbeziehung der relevanten Marktinformationen im Rahmen von regelmäßig über- prüften Modellen bewertet.
Investmentfondsanteile werden mit dem von der Investmentgesellschaft veröffentlichten Rücknahmepreis bewertet.
Bankguthaben und Sonstige Vermögensgegenstände werden zum Nennwert, Festgelder zum Verkehrswert und Verbindlichkeiten zum Rückzahlungsbe- trag bewertet.
Nicht notierte Aktien und Beteiligungen werden zu dem aktuellen Verkehrswert bewertet, der bei sorgfältiger Einschätzung nach geeigneten Bewertungs- modellen unter Berücksichtigung der aktuellen Marktgegebenheiten angemessen ist.
Die in diesem Halbjahresbericht ausgewiesenen Anlagen werden i.H.v. 96,47% des Fondsvermögens mit handelbaren Börsenkursen oder Marktpreisen und 0,00% zu abgeleiteten Verkehrswerten bzw. validierten Kursstellungen von Brokern bewertet. Die verbleibenden 3,53% des Fondsvermögens bestehen aus Sonstigen Vermögensgegenständen, Sonstigen Verbindlichkeiten sowie Barvermögen.

#### Devisenkurs(e) bzw. Konversionsfaktor(en) (in Mengennotiz) per 29.05.2020
| Großbritannien, Pfund | (GBP) | 1 Euro = GBP | 0,90135 |
| --- | --- | --- | --- |
| Dänemark, Kronen | (DKK) | 1 Euro = DKK | 7,45460 |
| Norwegen, Kronen | (NOK) | 1 Euro = NOK | 10,83175 |
| Schweden, Kronen | (SEK) | 1 Euro = SEK | 10,51225 |
| Schweiz, Franken | (CHF) | 1 Euro = CHF | 1,06895 |
| Polen, Zloty | (PLN) | 1 Euro = PLN | 4,44820 |
| Südafrika, Rand | (ZAR) | 1 Euro = ZAR | 19,50260 |
| USA, Dollar | (USD) | 1 Euro = USD | 1,11050 |
| Kanada, Dollar | (CAD) | 1 Euro = CAD | 1,52920 |
| Mexiko, Peso | (MXN) | 1 Euro = MXN | 24,68200 |
| Japan, Yen | (JPY) | 1 Euro = JPY | 119,05115 |
| Australien, Dollar | (AUD) | 1 Euro = AUD | 1,66865 |
| Marktschlüssel |  |  |  |
| Terminbörsen |  |  |  |
| IFEU | = | London - ICE Futures Europe |
| XCBT | = | Chicago - Chicago Board of Trade (CBOT) |
| XCME |  | Chicago - Chicago Mercantile Exchange (CME) |
| XEUR OTC OTC | = = | Eurex (Eurex Frankfurt/Eurex Zürich) Over-the-Counter |
| Kapitalmaßnahmen |  |  |

Alle Umsätze, die aus Kapitalmaßnahmen hervorgehen (technische Umsätze), werden als Zu- oder Abgang ausgewiesen.

#### Während des Berichtszeitraumes abgeschlossene Geschäfte, soweit sie nicht mehr in der Vermögensaufstellung erscheinen:
- Käufe und Verkäufe in Wertpapieren, Investmentanteilen und Schuldscheindarlehen (Marktzuordnung zum Berichtsstichtag):
| ISIN | Gattungsbezeichnung | Stück bzw. | Käufe/ | Verkäufe/ |
| --- | --- | --- | --- | --- |
|  |  | Anteile bzw. Währung | Zugänge | Abgänge |

Börsengehandelte Wertpapiere Verzinsliche Wertpapiere
EUR-Anleihen
| XS2025466413 | 0,6250 % Abertis Infraestructuras S.A. MTN 19/25 | EUR | 0 | 600.000 |
| --- | --- | --- | --- | --- |
| XS2025480596 | 1,6250 % Abertis Infraestructuras S.A. MTN 19/29 | EUR | 0 | 900.000 |
| FR0013399029 | 1,7500 % ACCOR S.A. Bonds 19/26 | EUR | 0 | 1.500.000 |
| XS1508912646 | 1,0000 % ACEA S.p.A. MTN 26/26 2 | EUR | 0 | 950.000 |
| XS2018636600 | 0,2500 % Ahold Delhaize N.V., Konkinkl. Notes 19/25 | EUR | 0 | 650.000 |
| XS2166122304 | 0,5000 % Air Products & Chemicals Inc. Notes 20/28 | EUR | 800.000 | 800.000 |
| XS2159791990 | 1,9500 % American Honda Finance Corp. MTN S.A 20/24 | EUR | 1.000.000 | 1.000.000 |
| FR0013464815 | 0,7500 % Arkema S.A. MTN 19/29 | EUR | 0 | 1.100.000 |
| FR0013416146 | 2,3750 % Auchan Holding S.A. MTN 19/25 | EUR | 0 | 1.700.000 |
| XS2079713322 | 0,3750 % Banco Bilbao Vizcaya Argent. Preferred MTN 19/26 | EUR | 0 | 1.500.000 |
| XS1228148158 | 0,3750 % Bank of Irel.Mortgage Bank PLC MTN 15/22 | EUR | 0 | 4.500.000 |
| XS1577962084 | 1,3000 % Baxter International Inc. Notes 17/25 | EUR | 0 | 1.000.000 |
| XS1998215559 | 1,3000 % Baxter International Inc. Notes 19/29 | EUR | 0 | 1.050.000 |
| XS2002532567 | 0,6320 % Becton Dickinson Euro Fin.Sarl Notes 19/23 | EUR | 0 | 750.000 |
| XS1910245676 | 1,0000 % BMW Finance N.V. MTN 18/24 | EUR | 0 | 1.000.000 |
| DE0001135499 | 1,5000 % Bundesrep.Deutschland Anl. 12/22 | EUR | 0 | 10.000.000 |
| DE0001102515 | 0,0000 % Bundesrep.Deutschland Anl. 20/35 | EUR | 5.600.000 | 5.600.000 |
| XS1645495349 | 2,7500 % Caixabank S.A. FLR MTN 17/28 | EUR | 0 | 2.500.000 |
| XS1614722806 | 1,1250 % Caixabank S.A. MTN 17/24 | EUR | 0 | 1.800.000 |
| XS1897489578 | 1,7500 % Caixabank S.A. Non-Preferred MTN 18/23 | EUR | 0 | 1.100.000 |
| FR0013507878 | 2,3750 % Capgemini SE Notes 20/32 | EUR | 1.400.000 | 1.400.000 |
| FR0013419736 | 1,0000 % Carrefour S.A. MTN 19/27 | EUR | 0 | 1.500.000 |
| XS1605365193 | 1,3750 % Credit Agricole S.A. (Ldn Br.) MTN 17/27 | EUR | 0 | 1.300.000 |
| DE000A2YNZV0 | 0,0000 % Daimler AG MTN 19/24 | EUR | 0 | 2.050.000 |
| XS2147994995 | 1,7000 % Danaher Corp. Notes 20/24 | EUR | 950.000 | 950.000 |
| XS2147995299 | 2,1000 % Danaher Corp. Notes 20/26 | EUR | 650.000 | 650.000 |
| FR0013495181 | 0,5710 % Danone S.A. MTN 20/27 | EUR | 600.000 | 600.000 |
| XS2152932542 | 0,5000 % Deutsche Bahn Finance GmbH MTN 20/27 | EUR | 550.000 | 550.000 |
| XS1917358621 | 1,6250 % Deutsche Post AG MTN 18/28 | EUR | 0 | 1.650.000 |
| XS2047500769 | 0,0000 % E.ON SE MTN 19/24 | EUR | 0 | 2.150.000 |
| XS2152899584 | 1,0000 % E.ON SE MTN 20/25 | EUR | 850.000 | 850.000 |
| XS1222590488 | 2,0000 % EDP Finance B.V. MTN 15/25 | EUR | 0 | 1.500.000 |
| XS1721051495 | 1,5000 % EDP Finance B.V. MTN 17/27 | EUR | 3.300.000 | 3.300.000 |
| FR0013367612 | 4,0000 % Electricité de France (E.D.F.) FLR Notes 18/Und. | EUR | 0 | 500.000 |
| FR0013464922 | 3,0000 % Electricité de France (E.D.F.) FLR Notes 19/Und. | EUR | 0 | 600.000 |
| XS2113885011 | 0,3750 % Elenia Finance Oyj MTN 20/27 | EUR | 1.250.000 | 1.250.000 |
| XS1953833750 | 1,1250 % Elisa Oyj MTN 19/26 | EUR | 0 | 550.000 |
| XS1937665955 | 1,5000 % ENEL Finance Intl N.V. MTN 19/25 | EUR | 0 | 1.350.000 |
| XS2066706909 | 0,3750 % ENEL Finance Intl N.V. MTN 19/27 | EUR | 0 | 1.150.000 |
| XS2066706735 | 1,1250 % ENEL Finance Intl N.V. MTN 19/34 | EUR | 0 | 700.000 |
| XS2176785447 | 2,0000 % ENI S.p.A. MTN 20/31 | EUR | 3.050.000 | 3.050.000 |
| XS2009943379 | 1,1250 % Euronext N.V. Notes 19/29 | EUR | 0 | 800.000 |
| XS1753042743 | 1,5000 % European Investment Bank MTN 18/48 | EUR | 0 | 2.000.000 |
| XS2001270995 | 0,6250 % FCA Bank S.p.A. (Irish Branch) MTN 19/22 | EUR | 0 | 1.200.000 |
| XS1956028168 | 0,8750 % Fortum Oyj MTN 19/23 | EUR | 0 | 1.250.000 |
| XS2084510069 | 0,2500 % Fresenius Medical Care KGaA MTN 19/23 | EUR | 0 | 1.450.000 |
| XS2084497705 | 0,6250 % Fresenius Medical Care KGaA MTN 19/26 | EUR | 0 | 1.650.000 |
| XS1795409082 | 2,5000 % Gaz Capital S.A. MT LPN GAZPROM 18/26 | EUR | 0 | 2.000.000 |
| XS2100788780 | 0,4500 % General Mills Inc. Notes 20/26 | EUR | 1.550.000 | 1.550.000 |
| XS1939356645 | 2,2000 % General Motors Financial Co. MTN 19/24 | EUR | 0 | 1.150.000 |
| XS2126170161 | 1,6250 % Givaudan Finance Europe B.V. MTN 20/32 | EUR | 350.000 | 350.000 |
| GR0118020685 | 2,0000 % Griechenland Notes 20/27 | EUR | 5.400.000 | 5.400.000 |
| XS1853999313 | 1,8750 % Ignitis Group UAB MTN 18/28 | EUR | 0 | 1.050.000 |
| XS1590041478 | 0,0500 % Instituto de Credito Oficial MTN 17/20 | EUR | 0 | 3.400.000 |
| XS1979491559 | 0,2000 % Instituto de Credito Oficial MTN 19/24 | EUR | 0 | 700.000 |
| XS1551306951 | 1,3750 % Intesa Sanpaolo S.p.A. MTN 17/24 | EUR | 0 | 1.450.000 |
| XS2065601937 | 0,8750 % Iren S.p.A. MTN 19/29 | EUR | 0 | 1.100.000 |
| FR0013512407 | 0,7500 % Kering S.A. MTN 20/28 | EUR | 1.000.000 | 1.000.000 |
| BE0000335449 | 1,0000 % Königreich Belgien Obl. Lin. S.75 15/31 | EUR | 1.000.000 | 6.000.000 |
| ES00000128H5 | 1,3000 % Königreich Spanien Obligaciones 16/26 | EUR | 11.000.000 | 11.000.000 |

| ISIN | Gattungsbezeichnung | Stück bzw. Anteile bzw. Währung | Käufe/ Zugänge | Verkäufe/ Abgänge |
| --- | --- | --- | --- | --- |
| ES00000128P8 | 1,5000 % Königreich Spanien Obligaciones 17/27 | EUR | 0 | 8.500.000 |
| XS2149368529 | 1,3750 % Koninklijke Philips N.V. MTN 20/25 | EUR | 500.000 | 500.000 |
| XS2149379211 | 2,0000 % Koninklijke Philips N.V. MTN 20/30 | EUR | 250.000 | 250.000 |
| XS2001175657 | 0,5000 % Koninklijke Philips N.V. Notes 19/26 | EUR | 0 | 1.400.000 |
| DE000A2GSNV2 | 0,1250 % Kreditanst.f.Wiederaufbau Anl. 18/23 | EUR | 5.000.000 | 5.000.000 |
| FR0013506508 | 0,7500 % LVMH Moët Henn. L. Vuitton SE MTN 20/25 | EUR | 1.500.000 | 1.500.000 |
| FR0013482841 | 0,3750 % LVMH Moët Henn. L. Vuitton SE MTN 20/31 | EUR | 1.700.000 | 1.700.000 |
| XS2023644540 | 0,8750 % Merck Financial Services GmbH MTN 19/31 | EUR | 0 | 1.200.000 |
| XS2011260531 | 1,6250 % Merck KGaA FLR Sub.Anl. 19/79 | EUR | 0 | 600.000 |
| XS2148372696 | 1,1250 % Nestlé Finance Intl Ltd. MTN 20/26 | EUR | 900.000 | 900.000 |
| XS2170362672 | 0,1250 % Nestlé Finance Intl Ltd. MTN 20/27 | EUR | 3.850.000 | 3.850.000 |
| XS2148390755 | 1,5000 % Nestlé Finance Intl Ltd. MTN 20/30 | EUR | 550.000 | 550.000 |
| XS2107435617 | 0,2500 % New York Life Global Funding MTN 20/27 | EUR | 1.000.000 | 1.000.000 |
| FR0013456431 | 0,5000 % Pernod-Ricard S.A. Bonds 19/27 | EUR | 0 | 900.000 |
| XS2089322098 | 1,3750 % RAI-Radiotele. Italiana S.p.A. Notes 19/24 | EUR | 600.000 | 600.000 |
| XS2103013210 | 0,3750 % Red Eléctrica Financ. S.A.U. MTN 20/28 | EUR | 800.000 | 800.000 |
| FR0013329315 | 1,0000 % Renault S.A. MTN 18/24 | EUR | 0 | 1.100.000 |
| XS2100404396 | 0,9000 % Republik Indonesien Notes 20/27 | EUR | 2.800.000 | 2.800.000 |
| PTOTEKOE0011 | 2,8750 % Republik Portugal Obr. 15/25 | EUR | 0 | 11.000.000 |
| XS2027596530 | 2,1240 % Republik Rumänien MTN 19/31 Reg.S | EUR | 0 | 1.000.000 |
| XS2109812508 | 2,0000 % Republik Rumänien MTN 20/32 Reg.S | EUR | 750.000 | 750.000 |
| FR0013505104 | 1,0000 % Sanofi S.A. MTN 20/25 | EUR | 600.000 | 600.000 |
| FR0013505112 | 1,5000 % Sanofi S.A. MTN 20/30 | EUR | 500.000 | 500.000 |
| FR0013506862 | 1,0000 % Schneider Electric SE MTN 20/27 | EUR | 400.000 | 400.000 |
| XS2078734626 | 0,1250 % Shell International Finance BV MTN 19/27 | EUR | 0 | 850.000 |
| XS2154419118 | 1,8750 % Shell International Finance BV MTN 20/32 | EUR | 1.200.000 | 1.200.000 |
| FR0013372299 | 1,1250 % Société du Grand Paris MTN 18/28 | EUR | 0 | 1.300.000 |
| FR0013409612 | 1,1250 % Société du Grand Paris MTN 19/34 | EUR | 0 | 1.300.000 |
| FR0013403441 | 1,2500 % Société Générale S.A. Non-Preferred MTN 19/24 | EUR | 0 | 900.000 |
| XS2087622069 | 0,2500 % Stryker Corp. Notes 19/24 | EUR | 0 | 1.500.000 |
| XS2169243479 | 0,3750 % Swisscom Finance B.V. Notes 20/28 | EUR | 1.000.000 | 1.000.000 |
| XS1907150350 | 1,1250 % Tele2 AB MTN 18/24 | EUR | 0 | 1.000.000 |
| XS1987142673 | 0,5000 % The Bank of Nova Scotia MTN 19/24 | EUR | 0 | 2.350.000 |
| XS1967003747 | 0,3750 % The Export-Import Bk of Korea MTN 19/24 | EUR | 0 | 1.250.000 |
| XS2058556296 | 0,1250 % Thermo Fisher Scientific Inc. Notes 19/25 | EUR | 0 | 850.000 |
| XS2153406868 | 1,4910 % Total Capital Intl S.A. MTN 20/27 | EUR | 1.100.000 | 1.100.000 |
| XS2156236452 | 2,2800 % Toyota Finance Australia Ltd. MTN 20/27 | EUR | 850.000 | 850.000 |
| FR0013405032 | 1,0000 % Unibail-Rodamco-Westfield SE MTN 19/27 | EUR | 0 | 1.200.000 |
| XS2067213913 | 1,6250 % Unio.di Banche Italiane S.p.A. Non-Pref. MTN 19/25 | EUR | 0 | 2.200.000 |
| XS2009891479 | 0,5000 % Vattenfall AB MTN 19/26 | EUR | 0 | 500.000 |
| FR0013210416 | 0,9270 % Veolia Environnement S.A. MTN 16/29 | EUR | 0 | 2.000.000 |
| XS2152062209 | 3,0000 % VOLKSW. FINANCIAL SERVICES AG MTN 20/25 | EUR | 2.350.000 | 2.350.000 |
| XS1629658755 | 2,7000 % Volkswagen Intl Finance N.V. FLR Notes 17/Und. | EUR | 0 | 1.400.000 |
| FR0013448032 | 0,2500 % Worldline S.A. Obl. 19/24 | EUR | 0 | 1.800.000 |
| XS2010040124 | 1,2500 % ZF Europe Finance B.V. Notes 19/23 | EUR | 0 | 800.000 |
| USD-Anleihen |  |  |  |  |
| USG82016AF62 | 2,5000 % Sinopec Grp Ov.Dev.(2018) Ltd. Notes 19/24 Reg.S | USD | 0 | 2.000.000 |

An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere Verzinsliche Wertpapiere
EUR-Anleihen
| FR0013457058 | 0,5000 % Action Logement Services SAS MTN 19/34 | EUR | 0 | 1.600.000 |
| --- | --- | --- | --- | --- |
| ES0200002006 | 1,8750 % Adif - Alta Velocidad MTN 15/25 | EUR | 0 | 2.000.000 |
| ES0200002048 | 0,9500 % Adif - Alta Velocidad MTN 19/27 | EUR | 0 | 900.000 |
| FR0013484458 | 0,5000 % BNP Paribas S.A. FLR Non-Pref. MTN 20/28 | EUR | 1.300.000 | 1.300.000 |
| ES0422714123 | 0,8750 % Cajamar Caja Rural, S.C.Créd. Cédulas Hipot. 18/23 | EUR | 0 | 1.300.000 |
| XS2134245138 | 1,7500 % Coca-Cola European Partn. PLC Notes 20/26 | EUR | 750.000 | 750.000 |
| BE6321529396 | 0,8750 % Elia Transm. Belgium N.V. MTN 20/30 | EUR | 1.300.000 | 1.300.000 |
| XS2108494837 | 3,3750 % Erste Group Bank AG FLR MTN 20/Und. | EUR | 600.000 | 600.000 |
| XS2075185228 | 0,9000 % Harley Davidson Finl Serv.Inc. Notes 19/24 | EUR | 0 | 850.000 |
| XS1963744260 | 0,9000 % McDonald‘s Corp. MTN 19/26 | EUR | 0 | 1.200.000 |
| XS2104985598 | 0,7000 % Philippinen Bonds 20/29 | EUR | 2.000.000 | 2.000.000 |
| XS2010032709 | 0,2500 % Schlumberger Finance B.V. Notes Tr.2 19/27 | EUR | 7.400.000 | 7.400.000 |
| XS2118276026 | 0,2500 % Siemens Finan.maatschappij NV MTN 20/26 | EUR | 2.000.000 | 2.000.000 |
| XS2054209320 | 0,4520 % Wintershall Dea Finance B.V. Notes 19/23 | EUR | 0 | 1.700.000 |

USD-Anleihen	
| ISIN | Gattungsbezeichnung | Stück bzw. Anteile bzw. Währung | Käufe/ Zugänge | Verkäufe/ Abgänge |
| --- | --- | --- | --- | --- |
| US571903BD44 | 5,7500 % Marriott International Inc. Notes S.EE 20/25 | USD | 450.000 | 450.000 |
| Geldmarktpapiere |  |  |  |  |
| EUR |  |  |  |  |
| IT0005365454 | 0,0000 % Republik Italien Zero B.O.T. 19/20 | EUR | 15.000.000 | 15.000.000 |
| IT0005389587 | 0,0000 % Republik Italien Zero B.O.T. 19/20 | EUR | 4.000.000 | 4.000.000 |
|  |  |  |  |  |
|  | Gattungsbezeichnung | Stück bzw. |  | Volumen |
|  |  | Anteile bzw. |  | in 1.000 |
|  |  | Währung |  |  |
| Derivate |  |  |  |  |

Terminkontrakte Zinsterminkontrakte
Optionsrechte
(In Opening-Transaktionen umgesetzte Optionsprämien bzw. Volumen der Optionsgeschäfte, bei Optionsscheinen Angabe der Käufe und Verkäufe.)
Gekaufte Kontrakte:	EUR	3.270.457
(Basiswert(e): 3M Eurodollar (ED) IRF Juni 20, 3M Eurodollar (ED) IRF Juni 21, 3M Eurodollar (ED) IRF März 20, 3M Eurodollar (ED) IRF- März 21, EURO Bund Future (FGBL) März 20, EURO-BTP Future (FBTP) März 20, Ten-Year US Treasury Note Future (TY) Juni 20,Ten-Year US Treasury Note Future (TY) März 20, US Treasury Long Bond Future (US) Juni 20, US Treasury Long Bond Future (US)März 20)
Verkaufte Kontrakte:	EUR	358.376
(Basiswert(e): EURO Bobl Future (FGBM) März 20, EURO Bund Future (FGBL) Dez. 19, EURO Bund Future (FGBL) Juni 20, EUROBund Future (FGBL) März 20, EURO-BTP Future (FBTP) Juni 20, EURO-BTP Future (FBTP) März 20, Ten-Year US Treasury NoteFuture (TY) Juni 20, Ten-Year US Treasury Note Future (TY) März 20)
Optionsrechte auf Swaps (Swaptions)
Gekaufte Verkaufoptionen (Put):	EUR	242
(Basiswert(e): SWP Long Pay ITraxx ES32 V1 GOLDMANS_FRA 15.01.20)
Verkaufte Verkaufoptionen (Put):	EUR	77
(Basiswert(e): SWP Short Pay ITraxx ES32 V1 GOLDMANS_FRA 15.01.20)
Optionsrechte auf Zins-Derivate Optionsrechte auf Zinsterminkontrakte
Gekaufte Kaufoptionen (Call):	EUR	14.442.021
(Basiswert(e): 3M Eurodollar (ED) IRF Juni 21, 3M Eurodollar (ED) IRF März 20, 3M Eurodollar (ED) IRF März 21, EURO Bund Future(FGBL) Juni 20, EURO Bund Future (FGBL) März 20, Ten-Year US Treasury Note Future (TY) Juni 20, Ten-Year US Treasury Note- Future (TY) März 20, US Treasury Long Bond Future (US) Juni 20, US Treasury Long Bond Future (US) März 20)
Gekaufte Verkaufoptionen (Put):	EUR	4.155.745
(Basiswert(e): EURO Bund Future (FGBL) Juni 20, EURO Bund Future (FGBL) März 20, EURO-BTP Future (FBTP) Juni 20, EURO-BTPFuture (FBTP) März 20, Five-Year US Treasury Note Future (FV) Juni 20, Ten-Year US Treasury Note Future (TY) Juni 20, US TreasuryLong Bond Future (US) Juni 20)
Verkaufte Kaufoptionen (Call):	EUR	21.639.920
(Basiswert(e): 3M Eurodollar (ED) IRF Juni 21, 3M Eurodollar (ED) IRF März 20, 3M Eurodollar (ED) IRF März 21, EURO Bund Future(FGBL) Juni 20, EURO Bund Future (FGBL) März 20, Ten-Year US Treasury Note Future (TY) Juni 20, Ten-Year US Treasury Note- Future (TY) März 20, US Treasury Long Bond Future (US) Juni 20, US Treasury Long Bond Future (US) März 20)
Verkaufte Verkaufoptionen (Put):	EUR	4.711.523
(Basiswert(e): EURO Bund Future (FGBL) Juni 20, EURO Bund Future (FGBL) März 20, EURO-BTP Future (FBTP) Juni 20, EURO-BTPFuture (FBTP) März 20, Five-Year US Treasury Note Future (FV) Juni 20, Ten-Year US Treasury Note Future (TY) Juni 20, US TreasuryLong Bond Future (US) Juni 20)
Devisentermingeschäfte Devisenterminkontrakte (Verkauf) Verkauf von Devisen auf Termin:
JPY/USD	EUR	13.954
USD/EUR	EUR	31.999
Devisenterminkontrakte (Kauf) Kauf von Devisen auf Termin:
JPY/USD	EUR	13.962
USD/EUR	EUR	29.338
Wertpapierdarlehen (Geschäftsvolumen, bewertet auf Basis des bei Abschluss des Darlehensgeschäftes vereinbarten Wertes):
unbefristet	EUR	520.834
Kreditderivate
Gattungsbezeichnung	Stück bzw.	Volumen
Anteile bzw.	in 1.000
Währung
(Basiswert(e): 0,0000 % Bundesrep.Deutschland Anl. 16/26, 0,0000 % Bundesrep.Deutschland Anl. 20/30, 0,0000 % Kreditanst.f.Wiederaufbau MTN 19/24, 0,0100 % Caisse Refinancement l‘Habitat Covered Bonds 19/26, 0,0400 % Canadian Imperial Bk of Comm. MT Cov. Bonds 19/27, 0,0500 % DZ HYP AG MTN Hyp.-Pfe. R.1215 19/29, 0,0500 % Europ.Fin.Stab.Facility (EFSF) MTN
19/29, 0,0500 % Santander Consumer Bank AG Pfe. MTN 20/30, 0,0500 % Svenska Handelsbanken AB Non-Pref. MTN 19/26, 0,1000
% HSBC France S.A. MTN 19/27, 0,1250 % Kreditanst.f.Wiederaufbau Anl. 18/23, 0,1250 % LVMH Moët Henn. L. Vuitton SE MTN 20/28, 0,2500 % AT & T Inc. Notes 19/26, 0,2500 % Banco Santander S.A. Mortg.Cov. MTN 19/29, 0,2500 % Bundesrep.Deutschland Anl. 19/29, 0,2500 % Comcast Corp. Notes 20/27, 0,2500 % Königreich Spanien Bonos 19/24, 0,2500 % Stryker Corp. Notes 19/24, 0,3000 % Banco Santander S.A. Preferred MTN 19/26, 0,3000 % Intl Business Machines Corp. Notes 20/28, 0,3750 % Banco Bilbao Vizcaya Argent. Preferred MTN 19/26, 0,3750 % Continental AG MTN 19/25, 0,3750 % Daimler AG MTN 19/26, 0,3750 % ENEL Finance Intl N.V. MTN 19/27, 0,3750 % Kreditanst.f.Wiederaufbau Anl. 18/25, 0,3750 % LVMH Moët Henn. L. Vuitton SE MTN 20/31, 0,3750 % Red Eléctrica Financ. S.A.U. MTN 20/28, 0,5000 % ACEA S.p.A. MTN 20/29, 0,5000 % Bundesrep.Deutschland Anl. 16/26, 0,5000 % Bundesrep.Deutschland Anl. 17/27, 0,5000 % Bundesrep.Deutschland Anl. 18/28, 0,5000 % Europäischer Stabilitäts.(ESM) MTN 19/29, 0,5000 % La Banq. Postale Home Loan SFH MT Obl.FinHab 19/26, 0,5000 % Mediobanca - Bca Cred.Fin. SpA Mortg.Cov.MTN 19/26, 0,5000 % Pernod-Ricard S.A. Bonds 19/27, 0,5000 % Rep. Frankreich OAT 15/25, 0,5000 % Shell International Finance BV MTN 19/31, 0,5000 % Swedbank Hypotek AB MT Cov. Bds 19/26, 0,5000 % Thermo Fisher Scientific Inc. Notes 19/28, 0,5000 % UniCredit S.p.A. Preferred MTN 19/25, 0,5000 % Whirlpool EMEA Finance S.à r.l Notes 20/28, 0,6250 % ASML Holding N.V. Notes 20/29, 0,6250 % Caixabank S.A. Non-Preferred MTN 19/24, 0,6250 % ENI S.p.A. MTN 20/30, 0,6250 % Fresenius Medical Care KGaA MTN 19/26, 0,6250 % Kreditanst.f.Wiederaufbau Anl. 17/27, 0,6250 % Lloyds Banking Group PLC FLR MTN 18/24, 0,6250 % MMS USA Financing Inc. Notes 19/25, 0,6250 % Vonovia Finance B.V. MTN 19/27, 0,6500 % Credit Suisse Group AG MTN 19/29, 0,6500 % Intl Business Machines Corp. Notes 20/32, 0,7500 % AbbVie Inc. Notes 19/27, 0,7500 % América Móvil S.A.B. de C.V. Notes 19/27, 0,7500 % Barclays PLC FLR MTN 19/25, 0,7500 % Bque Fédérative du Cr. Mutuel Preferred MTN 19/26, 0,7500 % Comcast Corp. Notes 20/32, 0,7500 % Fresenius SE & Co. KGaA MTN 20/28, 0,7500 % Kreditanst.f.Wiederaufbau MTN 19/29, 0,7500 % LVMH Moët Henn. L. Vuitton SE MTN 20/25, 0,7500 % Nederlandse Waterschapsbank NV MTN 16/41, 0,7500 % Société Générale SFH S.A. MT Obl.Fin.Hab. 19/27, 0,7500 % Stryker Corp. Notes 19/29, 0,7500 % The Royal Bk of Scotld Grp PLC FLR MTN 19/25, 0,8750 % Banco Santander S.A. Mortg.Cov. MTN 19/31, 0,8750 % Coöperatieve Rabobank U.A. MT Cov. Bds 19/29, 0,8750 % Eika BoligKreditt
A.S. MT Cov. MTN 19/29, 0,8750 % Europ.Fin.Stab.Facility (EFSF) MTN 19/35, 0,8750 % General Electric Co. Notes 17/25, 0,8750 % Iren S.p.A. MTN 19/29, 0,8750 % Pernod-Ricard S.A. Bonds 19/31, 0,8750 % Provinz Quebec MTN 17/27, 0,8750 % Snam S.p.A. MTN 16/26, 0,8750 % Tesco Corp. Treas. Serv. PLC MTN 19/26, 0,8750 % Union Natle Interp.Em.Com.Ind. MTN 18/28, 0,9270 % Veolia Environnement S.A. MTN 16/29, 1,0000 % ACEA S.p.A. MTN 26/26 2, 1,0000 % Agence Française Développement MTN 18/28, 1,0000
% Banco BPM S.p.A. MT Mortg. Cov. Bds 18/25, 1,0000 % Bank of Ireland Group PLC FLR MTN 19/25, 1,0000 % Carrefour S.A. MTN 19/27, 1,0000 % Cassa Depositi e Prestiti SpA MTN 20/30, 1,0000 % Cellnex Telecom S.A. MTN 20/27, 1,0000 % Europäischer Stabilitäts.(ESM) MTN 15/25, 1,0000 % Königreich Belgien Obl. Lin. S.75 15/31, 1,0000 % Land Nordrhein-Westfalen MT Landessch.R.1427 16/46, 1,0000 % Origin Energy Finance Ltd. MTN 19/29, 1,0000 % Republik Polen MTN 19/29, 1,0000 % UniCredit
S.p.A. Non-Preferred MTN 18/23, 1,1250 % Anheuser-Busch InBev S.A./N.V. MTN 19/27, 1,1250 % Banco Bilbao Vizcaya Argent. Non-Pref. MTN 19/24, 1,1250 % Banco Santander S.A. Non-Pref. MTN 18/25, 1,1250 % BNP Paribas S.A. FLR MTN 20/32, 1,1250 % Bouygues S.A. Bonds 20/28, 1,1250 % Elisa Oyj MTN 19/26, 1,1250 % ENEL Finance Intl N.V. MTN 19/34, 1,1250 % European Investment Bank MTN 16/36, 1,1250 % European Investment Bank MTN 17/33, 1,1250 % Mediobanca - Bca Cred.Fin. SpA Preferred MTN 19/25, 1,1250 % Société Générale S.A. Non-Preferred MTN 18/25, 1,2500 % Abertis Infraestructuras S.A. MTN 20/28, 1,2500 %
Avery Dennison Corp. Notes 17/25, 1,2500 % Kreditanst.f.Wiederaufbau MTN 16/36, 1,2500 % PartnerRe Ireland Finance DAC Notes 16/26, 1,2500 % Royal Mail PLC Notes 19/26, 1,2500 % UBS Group AG FLR Notes 18/25, 1,2500 % UniCredit S.p.A. FLR Preferred
MTN 19/25, 1,3000 % Baxter International Inc. Notes 19/29, 1,3000 % Königreich Spanien Obligaciones 16/26, 1,3750 % Banco Bilbao Vizcaya Argent. Non-Pref. MTN 18/25, 1,3750 % Cais. d‘Amort.de la Dette Soc. MTN 14/24, 1,3750 % Caixabank S.A. Non-Preferred MTN 19/26, 1,3750 % La Banque Postale Non-Pref. MTN 19/29, 1,3750 % RAI-Radiotele. Italiana S.p.A. Notes 19/24, 1,3750 % Total Capital Intl S.A. MTN 17/29, 1,5000 % Bundesrep.Deutschland Anl. 14/24, 1,5000 % Citigroup Inc. FLR MTN 18/26, 1,5000 % EDP Finance B.V. MTN 17/27, 1,5000 % Rep. Frankreich OAT 18/50, 1,5000 % Unio.di Banche Italiane S.p.A. Preferred MTN 19/24, 1,6250
% Anglo American Capital PLC MTN 17/25, 1,6250 % CNH Industrial Finance Euro.SA MTN 19/29, 1,6250 % EnBW Energie
Baden-Württem. AG FLR Anl. 19/79, 1,6250 % Engie S.A. FLR Notes 19/Und., 1,6250 % Unio.di Banche Italiane S.p.A. Non-Pref. MTN 19/25, 1,7000 % Danaher Corp. Notes 20/24, 1,7000 % Königreich Belgien Obl. Lin. 19/50, 1,7500 % Banco de Sabadell S.A.
Non-Preferred MTN 19/24, 1,7500 % Caixabank S.A. Non-Preferred MTN 18/23, 1,7500 % Intesa Sanpaolo S.p.A. Pref. MTN 19/29, 1,7500 % Orange S.A. FLR MTN 19/Und., 1,7500 % Orsted A/S FLR Notes 19/Und., 1,8750 % CNH Industrial Finance Euro.SA MTN 18/26, 1,8750 % Mandatum Life Insurance Co.Ltd FLR Notes 19/49, 2,0000 % Capgemini SE Notes 20/29, 2,0000 % CNP Assurances
S.A. FLR MTN 19/50, 2,0000 % Fidelity Natl Inform.Svcs Inc. Notes 19/30, 2,0000 % The Goldman Sachs Group Inc. MTN 18/28, 2,1240
% Assicurazioni Generali S.p.A. MTN 19/30, 2,1250 % Anheuser-Busch InBev S.A./N.V. MTN 20/27, 2,1250 % Carmila S.A.S. Obl.
18/28, 2,1250 % Cassa Depositi e Prestiti SpA MTN 18/23, 2,1250 % Groupama Assurances Mutuelles Notes 19/29, 2,1250 % InterCon- tinental Hotels Group MTN 18/27, 2,1250 % Unibail-Rodamco-Westfield SE FLR Bonds 18/Und., 2,2500 % ArcelorMittal S.A.
MTN 19/24, 2,2500 % Rep. Frankreich OAT 13/24, 2,3750 % Bank of Ireland Group PLC FLR MTN 19/29, 2,3750 % Carmila S.A.S. Notes 16/24, 2,4000 % Republik Österreich Bundesanl. 13/34, 2,5000 % Bundesrep.Deutschland Anl. 14/46, 2,5000 % VOLKSW. FINANCIAL SERVICES AG MTN 20/23, 2,6250 % Caixabank S.A. Cédulas Hipotec. 14/24, 2,6250 % Crédit Agricole S.A. Bonds 15/27, 2,6250 % Immofinanz AG Notes 19/23, 2,6250 % Total S.A. FLR MTN 15/Und., 2,7000 % Königreich Spanien Bonos 18/48, 2,7500 % BPCE S.A. FLR MTN 15/27, 2,8000 % Republik Italien B.T.P. 18/28, 2,8750 % Equinix Inc. Notes 17/25, 3,2500 % Coöperatieve Rabobank U.A. FLR Cap.Sec. 19/Und., 3,3750 % ENEL S.p.A. FLR Cap. Secs 18/81, 3,5000 % Caixabank S.A. FLR MTN 17/27,
3,5000 % Republik Italien B.T.P. 14/30, 3,8750 % AGEAS SA/NV FLR Notes 19/Und., 4,8750 % UniCredit S.p.A. FLR MTN 19/29, 7,8300 % UniCredit S.p.A. Non-Pref. MTN 18/23 Reg.S)
Credit Default Swaps (CDS)
Protection Buyer:	EUR	40.000
	(Basiswert(e): CDS ITRAXX EUROPE SEN FINANCIALS S32 V1 5Y)	

#### Angaben zu Zielfonds
Ausgabeaufschläge und oder Rücknahmeabschläge wurden nicht erhoben und oder nicht gezahlt. Verwaltungsvergütung
AGIF-Allianz Gl.Inf-Linked Bd Inhaber Ant. WH Dis.	0,24% p.a.
Allianz GIF-Allianz Green Bond Inhaber-Anteile W	0,27% p.a.