| Consus Real Estate AG, 4.75% 8nov2024, EUR (DE000A2GSGE2) |
| Corestate Capital Holding SA, 8% 31dec2026, EUR (Conv.) (DE000A19SPK4) |
| ADLER Real Estate, 2.125% 6feb2024, EUR (XS1731858715) |
| Nordex, 6.5% 1feb2023, EUR (XS1713474168) |
| Deutsche Bank (London Branch), FRN 28feb2025, CZK (XS1783227454) |
| Heidelberg Materials, 1.75% 24apr2028, EUR (XS1810653540) |
| KFW, 0.375% 23apr2025, EUR (DE000A2GSNW0) |
| Deutsche Bank (New York Branch), 3.7% 30may2024, USD (US251526BY45) |
| Bayer, 2.125% 15dec2029, EUR (XS1840618216) |
| Bayer, 4.2% 15jul2034, USD (USU07265AR98) |
| BMW, 3.95% 14aug2028, USD (USU09513HS13) |
| Peach Property Group, 1.75% perp., CHF (Conv., Structured) (CH0417376024) |
| KFW, 0.25% 15sep2025, EUR (DE000A2LQH10) |
| SAP SE, 0.75% 10dec2024, EUR (DE000A2TSTE8) |
| BMW, 1.5% 6feb2029, EUR (XS1948611840) |
| Schaeffler, 1.875% 26mar2024, EUR (DE000A2YB7A7) |
| OTTO, 2.625% 10apr2026, EUR (XS1979274708) |
| Deutsche Telekom, 2.25% 29mar2039, EUR (DE000A2LQRS3) |
| Huber Automotive, 7.5% 16apr2027, EUR (DE000A2TR430) |
| IHO Verwaltungs (Schaeffler), 3.625% 15may2025, EUR (XS2004438458) |
| Commerzbank, 0.625% 28aug2024, EUR (928) (DE000CZ40N04) |
| Joh. Friedrich Behrens AG, 6.25% 18jun2024, EUR (DE000A2TSEB6) |
| Deutsche Telekom, 1.375% 5jul2034, EUR (XS2024716099) |
| Landesbank Baden-Wuerttemberg (LBBW), 1.5% 24apr2039, EUR (DE000LB13GL7) |
| Mercedes-Benz Group, 1.375% 11jan2030, EUR (74) (XS1550169574) |
| Mercedes-Benz Group, 0.75% 8feb2030, EUR (85) (DE000A2YNZX6) |
| E.ON, 0.35% 28feb2030, EUR (61) (XS2047500926) |
| Siemens, 0% 5sep2024, EUR (1827D) (XS2049616548) |
| Aroundtown, 3.375% perp., EUR (XS2055106210) |
| Volkswagen, 2.85% 26sep2024, USD (USU9273ACW37) |
| Deutsche Bahn, 1.6% perp., EUR (XS2010039548) |
| ZF Friedrichshafen, 2.5% 23oct2027, EUR (XS2010039977) |
| Bayer, 2.375% 12nov2079, EUR (NC5.5) (XS2077670003) |
| Volkswagen Financial Services AG, 1.875% 3dec2024, GBP (XS2088660795) |
| Mercedes-Benz Group, 1.125% 6nov2031, EUR (87) (DE000A2YPFU9) |
| Volkswagen Financial Services AG, 1.625% 10feb2024, GBP (XS2112815613) |
| Deutsche Lichtmiete, 5.25% 1sep2025, EUR (DE000A2TSCP0) |
| DZ Bank, 0.07% 27jan2025, EUR (A1240) (DE000DDA0VQ2) |
| Commerzbank, 0.5% 4dec2026, EUR (940) (DE000CZ45VC5) |
| Deutsche Post, 1% 20may2032, EUR (XS2177122897) |
| PREOS Real Estate, 7.5% 9dec2024, EUR (Conv.) (DE000A254NA6) |
| AURELIUS Equity Opportunities SE, FRN 5dec2024, EUR (NO0010861487) |
| KFW, 0.205% 6apr2029, EUR (DE000A254PQ7) |
| Deutsche Bahn, 0.875% 23jun2039, EUR (XS2193666125) |
| Landesbank Baden-Wuerttemberg (LBBW), 1.157% 9dec2039, EUR (DE000BHY0BX0) |
| Investitionsbank Berlin, 0.01% 22nov2029, EUR (DE000A2LQK98) |
| TK Elevator Holdco, FRN 15jul2027, EUR (XS2199597613) |
| NRW.BANK, 0.1% 9jul2035, EUR (810) (DE000NWB0AK3) |
| MBH Corporation, 5% 18jun2025, GBP (2) (XS2193852261) |
| Zalando, 0.05% 6aug2025, EUR (Conv.) (DE000A3E4589) |
| Landwirtschaftliche Rentenbank, 0.875% 3sep2030, USD (US515110BY94) |
| Adidas, 0% 9sep2024, EUR (1462D) (XS2224621347) |
| Deutsche Bank, 0.25% 15jan2026, EUR (DE000DL8YQ26) |
| Landwirtschaftliche Rentenbank, 0% 22sep2027, EUR (1196, 2556D) (XS2233120554) |
| Aareal Bank, 0.5% 7apr2027, EUR (DE000AAR0264) |
| Aroundtown, 2.97% 26sep2033, EUR (XS1877353786) |
| Erste Abwicklungsanstalt, 0.01% 3nov2023, EUR (DE000EAA0541) |
| Landeskreditbank Baden-Wurttemberg-FORDERBANK, 0.61% 17nov2050, EUR (5612) (XS2259629280) |
| Deutsche Lufthansa, 2% 17nov2025, EUR (Conv.) (DE000A3H2UK7) |
| Greencells GmbH, 6.5% 9dec2025, EUR (DE000A289YQ5) |
| va Q tec, 3.75% 30nov2025, CHF (CH0506071312) |
| Deutsche Bank (London Branch), 0.25% 15jan2026, EUR (2020 R3) (DE000DL8Y329) |
| DZ Bank, 1% 27dec2028, EUR (9996, Structured) (DE000DD5AT47) |
| Bayer, 0.625% 12jul2031, EUR (XS2281343413) |
| KFW, 0% 10jan2031, EUR (3650D) (DE000A3H2ZF6) |
| NRW.BANK, 0.46% 21jul2026, EUR (649) (DE000NWB2FM4) |
| Deutsche Bahn, 0.375% 3dec2026, GBP (XS2295280411) |
| LR Global Holding, FRN 3feb2025, EUR (NO0010894850) |
| Aareal Bank, 0.625% 14feb2025, USD (XS2297684842) |
| Landwirtschaftliche Rentenbank, 1% 25feb2028, USD (1200) (XS2307309893) |
| Fresenius SE, 0.875% 1oct2031, EUR (13) (XS2325562697) |
| KFW, 0% 15jun2029, EUR (2984D) (XS2331327564) |
| DZ Hyp, 0.01% 20apr2029, EUR (1235) (DE000A3H2TQ6) |
| Landesbank Baden-Wuerttemberg (LBBW), 0.375% 21apr2031, EUR (DE000BHY0SL9) |
| UniCredit Bank AG, 0.93% 20jan2028, EUR (P2046562) (DE000HVB58Y2) |
| Landeskreditbank Baden-Wurttemberg-FORDERBANK, 0.264% 12apr2032, EUR (3171) (DE000A3KK507) |
| Bausparkasse Schwabisch Hall Aktiengesellschaft, 0.2% 27apr2033, EUR (DE000A3E5S18) |
| Frener & Reifer Holding, 4.3% 19nov2022, EUR (IT0005144933) |
| BayernLB, 1% 23sep2031, EUR (XS2356569736) |
| Deutsche Bahn, 1.125% 29may2051, EUR (XS2357951164) |
| Volkswagen Financial Services AG, 1.125% 5jul2026, GBP (F15/21 687) (XS2360602929) |
| Vonovia SE, 1.5% 14jun2041, EUR (38) (DE000A3E5MK0) |
| Deutsche Lufthansa, 2% 14jul2024, EUR (XS2363244513) |
| Gewobag, 0.125% 24jun2027, EUR (DE000A3E5QW6) |
| Landesbank Baden-Wuerttemberg (LBBW), 1% 2sep2025, NOK (DE000LB2BH08) |
| Blackstone Property Partners Europe Holdings, 1.625% 20apr2030, EUR (10) (XS2398746144) |
| Blackstone Property Partners Europe Holdings, 2% 20oct2025, GBP (11) (XS2399993877) |
| Landesbank Baden-Wuerttemberg (LBBW), 0.375% 28feb2028, EUR (DE000LB2V833) |
| Deutsche Pfandbriefbank, 0.25% 27oct2025, EUR (35408) (DE000A3T0X22) |
| Landesbank Hessen-Thueringen (Helaba), 3.5% 1feb2023, EUR (Structured) (DE000HLB5NV3) |
| Landwirtschaftliche Rentenbank, 0.05% 31jan2031, EUR (1211) (XS2405489092) |
| Mercedes-Benz Group, 2.14% 13dec2024, CAD (CA233852AD45) |
| Aareal Bank, 0.75% 18apr2028, EUR (DE000AAR0322) |
| Cerdia Finanz, 10.5% 15feb2027, USD (USD1RA09AA12) |
| KFW, 1.35% 17feb2024, AUD (XS2445149953) |
| KFW, 1.625% 10may2024, USD (XS2448404009) |
| Heckler & Koch, 6.5% 30apr2023, EUR (XS1649057640) |
| DZ Bank, 0.47% 24feb2025, EUR (C329) (DE000DFK0PQ0) |
| BASF, 0.75% 17mar2026, EUR (46) (XS2456247605) |
| Landesbank Baden-Wuerttemberg (LBBW), 3% 6apr2023, CNY (5647) (XS2463935838) |