NOT FDIC/ NCUA INSURED | MAY LOSE VALUE | NO BANK GUARANTEE | ||
| NOT A DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY | |||
| % Total Net | ||||||||||||||
| ISIN | Security Name | Quantities | Market Value | Assets | ||||||||||
| EURO | 4,144,399.67 | 6,140,342.55 | 1.41 | % | ||||||||||
| US DOLLARS | 3,501.54 | 3,501.54 | 0.00 | % | ||||||||||
| FR0000078958 | BUSINESS & DECISION /EUR/ | 40,000.00 | 1,078,604.80 | 0.25 | % | |||||||||
| DE000A0F6MD5 | PRAKTIKER BAU-UND HEIM /EUR/ | 120,000.00 | 2,940,679.68 | 0.67 | % | |||||||||
| DE0005408116 | AAREAL BANK AG /EUR/ | 120,000.00 | 4,073,214.72 | 0.93 | % | |||||||||
| DE0008400029 | AMB GENERALI HLDG /EUR/ | 42,000.00 | 6,097,643.33 | 1.40 | % | |||||||||
| DE0005168108 | BAUER AG /EUR/ | 92,000.00 | 5,936,178.56 | 1.36 | % | |||||||||
| DE0005200000 | BEIERSDORF /BEARER//EUR/ | 99,483.00 | 7,546,573.46 | 1.73 | % | |||||||||
| DE0005909006 | BILFINGER BERGER AG /EUR/ | 177,200.00 | 11,887,789.47 | 2.72 | % | |||||||||
| DE0005245500 | HUGO BOSS AG ORD /EUR/ | 139,000.00 | 7,722,840.00 | 1.77 | % | |||||||||
| DE000CLS1001 | CELESIO AG NAMENS AKTIEN /EUR/ | 111,000.00 | 6,642,442.46 | 1.52 | % | |||||||||
| DE0007480204 | DEUTSCHE EUROSHOP AG /EUR/ | 120,000.00 | 4,423,464.96 | 1.01 | % | |||||||||
| DE0006053952 | KONTRON AG /EUR/ | 322,720.00 | 5,742,484.84 | 1.32 | % | |||||||||
| DE0006099005 | DOUGLAS HOLDINGS AG /EUR/ | 80,000.00 | 4,124,774.40 | 0.94 | % | |||||||||
| DE0007856023 | ELRINGKLINGER AG /EUR/ | 55,000.00 | 5,682,973.12 | 1.30 | % | |||||||||
| DE0005785638 | FRESENIUS SE PFD /EUR/ | 326,062.00 | 25,555,643.99 | 5.85 | % | |||||||||
| DE0006602006 | GEA GROUP AG /EUR/ | 505,000.00 | 16,281,006.08 | 3.73 | % | |||||||||
| DE000A0LD6E6 | GERRESHEIMER AG | 35,000.00 | 1,785,920.64 | 0.41 | % | |||||||||
| DE0008402215 | HANNOVER RUECKVERSICH /EUR/ | 100,000.00 | 4,511,472.00 | 1.03 | % | |||||||||
| DE000A0S8488 | HMBRGR HAFEN UND LOGOSTIK /EUR | 25,610.00 | 1,974,594.10 | 0.45 | % | |||||||||
| DE0006070006 | HOCHTIEF /EUR/ | 70,000.00 | 7,716,172.80 | 1.77 | % | |||||||||
| DE0005121701 | INTERHYP AG /EUR/ | 36,000.00 | 2,400,192.00 | 0.55 | % | |||||||||
| DE0006205701 | IVG IMMOBILIEN AG /EUR/ | 420,000.00 | 14,274,919.68 | 3.27 | % | |||||||||
| DE0007162000 | K & S AG | 125,200.00 | 33,157,467.20 | 7.60 | % | |||||||||
| DE000KC01000 | KLOECKNER & CO /EUR/ | 40,000.00 | 1,761,918.72 | 0.40 | % | |||||||||
| DE0006335003 | KRONES AG /EUR/ | 114,000.00 | 8,862,308.93 | 2.03 | % | |||||||||
| DE0005408884 | LEONI AG /EUR/ | 30,000.00 | 1,294,325.76 | 0.30 | % | |||||||||
| DE0005470405 | LANXESS AG /EUR/ | 220,000.00 | 8,054,273.92 | 1.85 | % | |||||||||
| DE0006494107 | LOEWE AG /EUR/ | 110,000.00 | 1,924,746.56 | 0.44 | % | |||||||||
| DE0006580905 | MAX AUTOMATION AG /EUR/ | 370,000.00 | 2,433,972.48 | 0.56 | % | |||||||||
| DE0005187603 | MPC MUENCHMEYER PETERSEN /EUR/ | 55,000.00 | 3,817,712.80 | 0.87 | % | |||||||||
| DE000A0D9PT0 | MTU AERO ENGINES HOLDING /EUR/ | 135,000.00 | 7,212,576.96 | 1.65 | % | |||||||||
| DE000A0D6554 | NORDEX AG /EUR/ | 145,000.00 | 6,174,271.68 | 1.41 | % | |||||||||
| DE0006916604 | PFEIFFER VACUUMTECHNOLOGY/EUR/ | 65,234.00 | 5,393,108.75 | 1.24 | % | |||||||||
| DE0007771172 | PROSIEBENSAT1 MEDIA /EUR/ PRF | 333,400.00 | 7,083,464.41 | 1.62 | % | |||||||||
| DE0006969603 | PUMA AG /EUR/ | 30,500.00 | 11,165,248.70 | 2.56 | % | |||||||||
| DE0005558662 | Q-CELLS AG /EUR/ | 180,000.00 | 17,468,064.00 | 4.00 | % | |||||||||
| DE0005117204 | RCM BETEILIGUNGS AG /EUR/ | 400,000.00 | 1,570,496.00 | 0.36 | % | |||||||||
| DE0007030009 | RHEINMETALL AG /EUR/ | 151,709.00 | 11,171,171.10 | 2.56 | % | |||||||||
| DE0007042301 | RHOEN KLINIKUM /EUR/ | 232,000.00 | 6,493,082.37 | 1.49 | % | |||||||||
| DE0007165631 | SARTORIUS AG NON-VTG PFD /EUR/ | 115,789.00 | 4,451,799.89 | 1.02 | % | |||||||||
| DE0007235301 | SGL CARBON AG /BEARER/ /EUR/ | 335,000.00 | 17,962,399.84 | 4.11 | % | |||||||||
| DE0003304002 | SOFTWARE AG DARMSTADT /EUR/ | 195,000.00 | 16,077,952.80 | 3.68 | % | |||||||||
| DE0005108401 | SOLARWORLD AG /EUR/ | 219,000.00 | 10,152,678.82 | 2.33 | % | |||||||||
| DE0007251803 | STADA ARZNEIMITTEL /EUR/ | 195,000.00 | 12,405,881.28 | 2.84 | % | |||||||||
| DE0006202005 | SALZGITTER AG /EUR/ | 80,000.00 | 13,550,120.96 | 3.10 | % | |||||||||
| DE0007226706 | SUESS MICROTEC AG /EUR/ | 371,600.00 | 2,400,452.76 | 0.55 | % | |||||||||
| DE000A0EAMM0 | FREENET AG NPV /EUR/ | 205,000.00 | 4,003,135.04 | 0.92 | % | |||||||||
| DE000A0N4P43 | TOGNUM AG /EUR/ | 377,220.00 | 9,652,015.66 | 2.21 | % | |||||||||
| DE0005089031 | UNITED INTERNET AG /EUR/REG SH | 620,000.00 | 12,465,293.44 | 2.86 | % | |||||||||
| DE000WCH8881 | WACKER-CHEMIE AG /EUR/ | 45,000.00 | 9,860,122.08 | 2.26 | % | |||||||||
| DE000A0CAYB2 | WINCOR NIXDORF AG /EUR/ | 90,000.00 | 7,164,573.12 | 1.64 | % | |||||||||
| NL0000235190 | EUROPEAN AERO DEFENSE /EUR/ | 705,000.00 | 18,352,356.96 | 4.20 | % | |||||||||
| NL0000240000 | QIAGEN NV /EUR/ | 360,000.00 | 7,477,931.52 | 1.71 | % | |||||||||
