| DZ Bank, 1.85% 19feb2049, EUR (C183) (DE000DDA0Q87) |
| Landesbank Hessen-Thueringen (Helaba), 1% 7feb2028, EUR (DE000HLB3Y11) |
| Deutsche Telekom, 0.875% 25mar2026, EUR (DE000A2TSDD4) |
| Deutsche Telekom, 1.75% 25mar2031, EUR (DE000A2TSDE2) |
| ADLER Real Estate, 1.5% 17apr2022, EUR (XS1843441491) |
| Volkswagen Financial Services AG, 1.5% 19jun2026, EUR (F13/19) (XS2014291616) |
| Aroundtown, 4.75% perp., GBP (22) (XS2017788592) |
| Merck KGaA, 0.005% 15dec2023, EUR (XS2023643146) |
| M Objekt Real Estate Holding, 6% 22jul2024, EUR (DE000A2YNRD5) |
| Deutsche Bank, 4.2% 15jun2026, EUR (DE000DL19S19) |
| BayernLB, 0.6% 8aug2028, EUR (DE000BLB7YM1) |
| Mahle, 0.8% 27aug2024, EUR (XS2046738709) |
| Landesbank Baden-Wuerttemberg (LBBW), 1.350% 7sep2021, USD (DE000LB13DB5) |
| TLG Immobilien, 0.375% 23sep2022, EUR (XS2010044464) |
| Landesbank Baden-Wuerttemberg (LBBW), 0.375% 30sep2027, EUR (DE000LB2CNE0) |
| Vonovia SE, 1.625% 7oct2039, EUR (DE000A2R8NE1) |
| Aroundtown, 4.43% 27mar2029, NOK (19) (XS1966277748) |
| Deutsche Bank, FRN 23mar2020, USD (30) (XS0809896102) |
| Deutsche Bank, FRN 4apr2024, USD (40) (XS1809929448) |
| Fresenius SE, 0.75% 15jan2028, EUR (7) (XS2101357072) |
| Deutsche Wohnen, 1.25% 31jul2031, EUR (XS2111948803) |
| DZ Bank, 1.63% 11dec2028, EUR (A1248, Conv.) (DE000DDA0VY6) |
| Mercedes-Benz Group, 2.125% 10mar2025, USD (USU2339CDX30) |
| NORD/LB, 1.2% 29aug2025, EUR (DE000NLB2PG8) |
| Bertelsmann, 2% 1apr2028, EUR (XS2149280948) |
| BayernLB, 0.5% 31oct2031, EUR (DE000BLB74T3) |
| BayernLB, 0.54% 21nov2030, EUR (DE000BLB7586) |
| Heidelberg Materials, 2.5% 9oct2024, EUR (XS2154336338) |
| Commerzbank, 0.125% 11dec2023, EUR (945) (DE000CZ45VJ0) |
| Commerzbank, 0.01% 11mar2030, EUR (DE000CZ45VS1) |
| DZ Bank, 1.12% 28dec2029, EUR (Structured) (DE000DD5APM3) |
| Dekabank, 0.51% 30oct2029, EUR (DE000DK0VML0) |
| Landesbank Hessen-Thueringen (Helaba), 0.25% 11oct2028, EUR (DE000HLB3589) |
| Landesbank Hessen-Thueringen (Helaba), 0.75% 12sep2029, EUR (DE000HLB35Q7) |
| Landesbank Hessen-Thueringen (Helaba), 0.5% 11nov2031, EUR (DE000HLB3605) |
| SAP SE, 0.125% 18may2026, EUR (XS2176715584) |
| Deutsche Bank, 0% 31jul2027, EUR (2556D) (XS2011151839) |
| Landwirtschaftliche Rentenbank, 0.5% 27may2025, USD (US515110BX12) |
| Landesbank Hessen-Thueringen (Helaba), 0.69% 24jan2030, EUR (DE000HLB4YN0) |
| Deutsche Wohnen, 1% 30apr2025, EUR (DE000A289NE4) |
| Mercedes-Benz International Finance B.V., 2.625% 7apr2025, EUR (88) (DE000A289RN6) |
| Landeskreditbank Baden-Wurttemberg-FORDERBANK, FRN 17mar2022, EUR (3157) (DE000A2E4UJ9) |
| UniCredit Bank AG, 2.75% 20jul2022, EUR (Structured) (DE000HVB1532) |
| KFW, 0% 18feb2025, EUR (1862D) (DE000A254PM6) |
| Dekabank, 0.42% 25mar2027, EUR (DE000DK0WUU2) |
| Berlin Hyp, 0.089% 23jan2025, EUR (DE000BHY0BY8) |
| Deutsche Bahn, 0.1% 20jun2024, JPY (XS2195499111) |
| NORD/LB, 0.75% 24feb2027, EUR (DE000NLB2989) |
| Deutsche Bahn, 1.52% 3jul2035, SEK (XS2198394640) |
| Aroundtown, FRN 3jul2025, NOK (26) (XS2198981263) |
| Sparkasse Hannover, 0.01% 9aug2023, EUR (DE000A3E44E6) |
| Investitionsbank des Landes Brandenburg (ILB), 0% 12jun2028, EUR (3016D) (DE000A254RY7) |
| Deutsche Pfandbriefbank, FRN 20dec2023, EUR (35317) (DE000A2NBKB2) |
| UniCredit Bank AG, 0.11% 20nov2025, EUR (2076) (DE000HV2AS69) |
| LfA Forderbank Bayern, 0.05% 30jul2026, EUR (DE000LFA1818) |
| Muenchener Hypothekenbank, 0.37% 16dec2027, EUR (Conv.) (DE000MHB60Y7) |
| Landesbank Baden-Wuerttemberg (LBBW), 1% 12jan2023, EUR (Structured) (DE000LB09ND8) |
| Muenchener Hypothekenbank, 0.01% 4aug2023, EUR (DE000MHB61V1) |
| Deutsche Bank Luxembourg, 0% 30sep2030, EUR (81, 5969D) (XS1068226031) |
| DZ Bank, 0.54% 23jun2023, EUR (Structured) (DE000DD5AR64) |
| RAG-Stiftung, 0% 17jun2026, EUR (Conv.) (DE000A3E44N7) |
| Landesbank Hessen-Thueringen (Helaba), 2.4% 16dec2022, EUR (Structured) (DE000HLB81M0) |
| DZ Bank, 0.27% 20jul2026, EUR (A1441) (DE000DFK0CF1) |
| DZ Bank, 0.32% 22jul2030, EUR (A1443) (DE000DFK0CH7) |
| Landesbank Baden-Wuerttemberg (LBBW), 1.6% 5jul2023, AUD (DE000LB2CJP4) |
| Landesbank Baden-Wuerttemberg (LBBW), 1.54% 5jul2021, PLN (DE000LB2CKH9) |
| Intershop Communications, 3% 24jul2025, EUR (Conv.) (DE000A254UA1) |
| Landesbank Baden-Wuerttemberg (LBBW), 1.45% 15jul2024, EUR (Structured) (DE000LB06C89) |
| Landesbank Baden-Wuerttemberg (LBBW), 0.18% 17jul2023, EUR (DE000LB13P28) |
| Landesbank Hessen-Thueringen (Helaba), 0% 14apr2023, EUR (1102D, Structured) (DE000HLB83V7) |
| DZ Bank, FRN perp., EUR (DE000DD5ATA0) |
| Landesbank Baden-Wuerttemberg (LBBW), 0.01% 2sep2030, EUR (DE000BHY0GX9) |
| Landesbank Baden-Wuerttemberg (LBBW), 0.15% 14dec2020, USD (ECP) (XS2231586921) |
| Volkswagen Financial Services AG, 1.125% 18sep2023, GBP (XS2232029426) |
| NORD/LB, 0.705% 16sep2030, EUR (DE000DHY5215) |
| Commerzbank, 0.02% 27sep2023, EUR (964) (DE000CB0HRP1) |
| UniCredit Bank AG, 0% 22jul2026, EUR (2191D, Structured) (DE000HVB4F46) |
| Landesbank Baden-Wuerttemberg (LBBW), 0.37% 26jun2024, EUR (DE000LB13PC7) |
| DBJPM 2020-C9 Mortgage Trust, FRN 15aug2053, USD (ABS, A3) (US233063AJ59) |
| Grenke, 1.423% 15may2025, EUR (3) (XS1815112146) |
| EnBW Energie Baden-Wuerttemberg, 0.25% 19oct2030, EUR (24) (XS2242728041) |
| KFW, 1.027% 26oct2050, EUR (DE000A289F11) |
| Landesbank Hessen-Thueringen (Helaba), 1% 23oct2035, EUR (DE000HLB2XS5) |
| ForestFinance Capital, 5.1% 1dec2030, EUR (DE000A3E46B7) |
| Allianz, 1.413% 18dec2028, EUR (XS1921451040) |
| Deutsche Bank, 1.75% 19nov2030, EUR (DE000DL19VS4) |
| Hamburg Commercial Bank, 0.75% 23nov2023, EUR (DE000HCB0AY6) |
| Beno Holding, 5.3% 30nov2027, EUR (DE000A3H2XT2) |
| DZ Bank, 0.6% 19jan2035, EUR (A1521) (DE000DFK0E77) |
| Deutsche Pfandbriefbank, 0.5% 18nov2030, EUR (35376) (DE000A289PV3) |
| DZ Bank, 0.01% 16feb2026, EUR (C227) (DE000DFK0FD9) |
| Citigroup Global Markets Deutschland AG, 4.75% 3dec2025, USD (Structured) (XS2259220809) |
| Landesbank Baden-Wuerttemberg (LBBW), 0.5% 2dec2030, EUR (DE000LB13T24) |
| Clearstream Banking AG, 0% 1dec2025, EUR (1826D) (XS2264712436) |
| Greenrock Energy, 4.5% 1dec2030, EUR (DE000A254UW5) |
| Deutsche Bank (London Branch), 0.25% 15jan2026, EUR (DE000DL8Y3V9) |
| KFW, 0.943% 9jun2050, EUR (DE000A3H2ZB5) |
| Aareal Bank, 6.57% 4may2026, EUR (DE0002733417) |
| Deutsche Bank (London Branch), 3.5% 15jun2025, USD (Structured) (US25152R3H45) |
| Deutsche Bank (London Branch), 0% 29aug2025, USD (3651D, Structured) (US25190J5508) |