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有価証券報告書(内国投資信託受益証券)-第7期(平成26年8月12日-平成27年8月10日)

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【提出】: 2015/11/09 9:03
【資料】: PDFをみる
【項目】: 47項目

(4)【附属明細表】
第1 有価証券明細表
① 株式
該当事項はありません。
② 株式以外の有価証券

種類	銘柄	券面総額	評価額(円)	備考
親投資信託受益証券	UBSディフェンシブ・インベストメント・マザーファンド	9,832,032,677	17,052,677,474
合計			17,052,677,474

(注)親投資信託受益証券における券面総額の数値は、証券数を表示しております。
第2 信用取引契約残高明細表
該当事項はありません。
第3 デリバティブ取引及び為替予約取引の契約額等及び時価の状況表
該当事項はありません。
(参考情報)
当ファンドは「UBSディフェンシブ・インベストメント・マザーファンド」受益証券を主要投資対象としており、貸借対照表の資産の部に計上された「親投資信託受益証券」は、すべて同ファンドの受益証券です。
なお、同ファンドの状況は以下の通りです。
「UBSディフェンシブ・インベストメント・マザーファンド」の状況
なお、以下に記載した情報は監査の対象外です。
UBSディフェンシブ・インベストメント・マザーファンド
(1)貸借対照表

		(単位:円)
	平成26年 8月11日現在	平成27年 8月10日現在
	金額	金額
資産の部
流動資産
コール・ローン	623,229,642	2,215,389,074
投資信託受益証券	3,962,818,977	9,472,333,079
投資証券	2,269,926,961	5,534,348,294
派生商品評価勘定	1,309,139	29,709,405
未収入金	75,591,000	888,301
未収配当金	-	1,434,862
未収利息	341	606
流動資産合計	6,932,876,060	17,254,103,621
資産合計	6,932,876,060	17,254,103,621
負債の部
流動負債
派生商品評価勘定	3,678,863	242,250
未払金	168,505,350	153,634,213
未払解約金	43,000,000	48,000,000
流動負債合計	215,184,213	201,876,463
負債合計	215,184,213	201,876,463
純資産の部
元本等
元本	4,207,290,562	9,832,032,677
剰余金
剰余金又は欠損金(△)	2,510,401,285	7,220,194,481
元本等合計	6,717,691,847	17,052,227,158
純資産合計	6,717,691,847	17,052,227,158
負債純資産合計	6,932,876,060	17,254,103,621

(2)注記表
(重要な会計方針に係る事項に関する注記)
1.有価証券の評価基準及び評価方法
投資信託受益証券、投資証券
移動平均法に基づき、原則として時価で評価しております。
時価評価にあたっては、投資信託受益証券及び投資証券の基準価額で評価しております。
2.デリバティブ等の評価基準及び評価方法
為替予約取引
個別法に基づき、原則として時価で評価しております。時価評価にあたっては、原則として、わが国における計算期間末日の対顧客先物売買相場の仲値によって計算しております。
3.外貨建資産・負債の本邦通貨への換算基準
信託財産に属する外貨建資産・負債の円換算は、原則として、わが国における計算期間末日の対顧客電信売買相場の仲値によって計算しております。
4.収益及び費用の計上基準
有価証券売買等損益及び為替差損益の計上基準
約定日基準で計上しております。
5.その他財務諸表作成のための基本となる重要な事項
(1)外貨建取引等の処理基準
外貨建取引については、「投資信託財産の計算に関する規則」(平成12年総理府令第133号)第60条に基づき、取引発生時の外国通貨の額をもって記録する方法を採用しております。但し、同第61条に基づき、外国通貨の売却時において、当該外国通貨に加えて、外貨建資産等の外貨基金勘定および外貨建各損益勘定の前日の外貨建純資産額に対する当該売却外国通貨の割合相当額を当該外国通貨の売却時の外国為替相場等で円換算し、前日の外貨基金勘定に対する円換算した外貨基金勘定の割合相当の邦貨建資産等の外国投資勘定と、円換算した外貨基金勘定を相殺した差額を為替差損益とする計理処理を採用しております。
(2)金融商品の時価に関する補足情報
金融商品の時価には、市場価格に基づく価額のほか、市場価格がない場合には合理的に算定された価額が含まれております。当該価額の算定においては一定の前提条件等を採用しているため、異なる前提条件等によった場合、当該価額が異なることもあります。
(貸借対照表に関する注記)

項目	平成26年 8月11日現在	平成27年 8月10日現在
1.計算期間末日における受益権の総数	4,207,290,562口	9,832,032,677口
2.計算期間末日における1口当たり純資産額 (1万口当たり純資産額)	1.5967円 (15,967円)	1.7344円 (17,344円)

(金融商品に関する注記)
Ⅰ.金融商品の状況に関する事項

項目	自平成25年 8月13日至平成26年 8月11日	自平成26年 8月12日至平成27年 8月10日
1.金融商品に対する取組方針	当ファンドは投資信託及び投資法人に関する法律第2条第4項に定める証券投資信託として、投資信託受益証券、投資証券等の金融商品を主要投資対象とし、信託約款に定める「運用の基本方針」に基づき運用を行っております。	同左
2.金融商品の内容及び当該金融商品に係るリスク	当ファンドが保有する金融商品の種類は、投資信託受益証券、投資証券、為替予約取引、コール・ローン等の金銭債権および金銭債務です。また、当ファンドが投資信託受益証券および投資証券への投資を通じて保有する主な金融資産は、株式、公社債です。これらは、株価変動リスク、金利変動リスク、為替変動リスクなどの市場リスク、信用リスク、流動性リスクに晒されております。なお、為替予約取引は、信託財産に属する有価証券、ならびに外貨建金銭債権債務の為替変動リスクを低減する目的で利用しております。	同左
3.金融商品に係るリスク管理体制	取引の執行については、投資対象、投資制限等を規定した運用ガイドラインに従って運用部門が執行します。管理部門は、運用ガイドラインに則って適切な運用がされているかおよび、運用結果の定期的な検証を通じて、下記に掲げる各種リスクが適切に管理されていることをモニタリングしています。また、それらの状況は定期的に開催される各委員会に報告され、状況の把握・確認が行われるほか、適切な運営について検証が行われます。・市場リスクファンドのパフォーマンスが一定の許容範囲内にあるかどうかモニタリングし、リターンの大きな変動を注視することで市場リスクが適切に管理されていることを確認しています。・信用リスク、流動性リスク運用ガイドラインに従って、証券格付や、証券や発行体への集中投資制限をモニタリングし、投資対象に関するこれらのリスクが適切に管理されていることを確認しています。また、取引先の信用リスクについては、グループポリシーで認められた相手に限定することで、これを管理しています。	同左

Ⅱ.金融商品の時価等に関する事項

項目	平成26年 8月11日現在	平成27年 8月10日現在
1.貸借対照表計上額、時価及びこれらの差額	金融商品は原則として全て時価評価されているため、貸借対照表計上額と時価との差額はありません。	同左
2.金融商品時価の算定方法並びに有価証券及びデリバティブ取引に関する事項	(1)有価証券及びデリバティブ取引以外の金融商品有価証券及びデリバティブ取引以外の金融商品については、短期間で決済されることから、帳簿価額は時価と近似しているため、当該帳簿価額を時価としております。	(1)有価証券及びデリバティブ取引以外の金融商品同左
	(2)有価証券売買目的有価証券重要な会計方針に係る事項に関する注記「1.有価証券の評価基準及び評価方法」に記載しております。	(2)有価証券売買目的有価証券同左
	(3)デリバティブ取引デリバティブ取引等に関する注記に記載しております。	(3)デリバティブ取引同左
3.金融商品の時価等に関する事項についての補足説明	デリバティブ取引に関する事項についての契約額等は、あくまでもデリバティブ取引における名目的な契約額であり、当該金額自体がデリバティブ取引のリスクの大きさを示すものではありません。	同左

(有価証券に関する注記)
売買目的有価証券

種類	平成26年 8月11日現在	平成27年 8月10日現在
種類	当計算期間の損益に含まれた評価差額(円)	当計算期間の損益に含まれた評価差額(円)
投資信託受益証券	164,154,381	△131,862,998
投資証券	37,723,278	56,021,443
合計	201,877,659	△75,841,555

(デリバティブ取引等に関する注記)
取引の時価等に関する事項
通貨関連
平成26年 8月11日現在

区分	種類	契約額等(円)		時価(円)	評価損益(円)
区分	種類		うち1年超(円)	時価(円)	評価損益(円)
市場取引以外の取引	為替予約取引
	買建
	ユーロ	90,057,099	-	90,354,000	296,901
	売建
	米ドル	1,826,755,840	-	1,830,169,599	△3,413,759
	カナダ・ドル	28,733,044	-	28,361,950	371,094
	ユーロ	439,506,383	-	439,449,000	57,383
	イギリス・ポンド	67,887,465	-	67,675,350	212,115
	スイス・フラン	1,420,724,172	-	1,420,902,000	△177,828
	オーストラリア・ドル	28,661,370	-	28,377,000	284,370
	合計	3,902,325,373	-	3,905,288,899	△2,369,724

平成27年 8月10日現在

区分	種類	契約額等(円)		時価(円)	評価損益(円)
区分	種類		うち1年超(円)	時価(円)	評価損益(円)
市場取引以外の取引	為替予約取引
	売建
	米ドル	8,764,836,355	-	8,735,126,950	29,709,405
	ユーロ	170,082,750	-	170,325,000	△242,250
	合計	8,934,919,105	-	8,905,451,950	29,467,155

(注1)時価の算定方法
為替予約の時価
1.計算期間末日に対顧客先物売買相場の仲値が発表されている外貨については以下のように評価しております。
①計算期間末日において為替予約の受渡日(以下「当該日」といいます。)の対顧客先物売買相場の仲値が発表されている場合は、当該為替予約は当該対顧客先物売買相場の仲値により評価しております。
②計算期間末日において当該日の対顧客先物売買相場の仲値が発表されていない場合は以下の方法によっております。
イ)計算期間末日に当該日を超える対顧客先物売買相場が発表されている場合には、発表されている先物相場のうち当該日に最も近い前後2つの対顧客先物売買相場の仲値をもとに計算したレートにより評価しております。
ロ)計算期間末日に当該日を超える対顧客先物売買相場が発表されていない場合には、当該日に最も近い発表されている対顧客先物売買相場の仲値により評価しております。
2.計算期間末日に対顧客先物売買相場の仲値が発表されていない外貨については、計算期間末日の対顧客電信売買相場の仲値により評価しております。
(注2)デリバティブ取引にヘッジ会計は適用されておりません。
(関連当事者との取引に関する注記)
自平成25年 8月13日至平成26年 8月11日
該当事項はありません。
自平成26年 8月12日至平成27年 8月10日
該当事項はありません。
(その他の注記)

項目	自平成25年 8月13日至平成26年 8月11日	自平成26年 8月12日至平成27年 8月10日
1.元本の推移
本報告書における開示対象ファンドの期首における当該親投資信託の元本額	1,488,831,147円	4,207,290,562円
期中追加設定元本額	2,745,901,909円	6,055,619,639円
期中一部解約元本額	27,442,494円	430,877,524円
2.計算期間末日における元本の内訳
UBSコア・コンサバティブ・ファンド	4,207,290,562円	9,832,032,677円
合計	4,207,290,562円	9,832,032,677円

(3)附属明細表
第1 有価証券明細表
① 株式
該当事項はありません。
② 株式以外の有価証券

種類	通貨	銘柄	券面総額	評価額	備考
投資信託受益証券	米ドル	UBS(CAY)グローバル・グロース・アンド・インカムクラスA	728,209.555	71,542,219.52
		小計		71,542,219.52
				(8,901,282,952)
	ユーロ	UBS(Lux)インスティテューショナル・ファンド-ユーロ・コーポレート・ボンド BAクラス	22,772.038	4,191,193.59
		小計		4,191,193.59
				(571,050,127)
	投資信託受益証券合計			9,472,333,079
				(9,472,333,079)
投資証券	米ドル	ルクセンブルグ籍外国投資信託 db x - トラッカーズ db ヘッジ・ファンド・インデックス UCITS ETF	561,557	6,323,131.82
		iシェアーズ世界債券ETF	81,251	8,303,445.94
		iシェアーズ J.P.モルガンドル建て新興国債券ETF	22,715	2,446,405.50
		iシェアーズ米国ハイイールド債券ETF (iBoxxドル建てLHYC)	11,215	1,166,472.15
		UBS (Irl)インベスター・セレクションPLC-UBS (Irl)フィクスド・インカム・グローバル・オポチュニティーズ・ファンド (USD) I-B-accクラス	28,115.467	3,136,561.49
		UBS(Lux)ボンド・シキャブ- USドル・コーポレート(USD) I-B-acc/distクラス	62,608.559	8,934,867.45
		UBS (Lux) キー・セレクション・シキャブ- ダイナミック・アルファ(USD) I-B-accクラス	24,438.674	3,179,227.10
		UBS (Lux) シキャブ 1-USファンダメンタル・エクイティ・マーケット・ニュートラル(USD)U-X-accクラス	744.208	8,403,395.79
		小計		41,893,507.24
				(5,212,390,170)
	ユーロ	iシェアーズ欧州ハイイールド社債ETF	4,955	532,464.30
		UBS(Lux)エクイティ・シキャブ-ヨーロピアン・オポチュニティ・アンコンストレインド(EUR)I-B-accクラス	12,252.551	1,830,531.11
		小計		2,362,995.41
				(321,958,124)
	投資証券合計			5,534,348,294
				(5,534,348,294)
合計				15,006,681,373
				(15,006,681,373)

(注)
1.投資信託受益証券、投資証券における券面総額の数値は、証券数を表示しております。
2.通貨種類毎の小計欄の( )内は、邦貨換算額です。
3.合計金額欄の( )内は、外貨建有価証券に関わるもので内書きです。
4.通貨の表示は、外貨についてはその通貨の単位、邦貨については円単位で表示しております。
5.外貨建有価証券の内訳

通貨	銘柄数		組入投資信託受益証券時価比率	組入投資証券時価比率	合計額に対する比率
米ドル	投資信託受益証券	1銘柄	63.1%	-	94.1%
	投資証券	8銘柄	-	36.9%	94.1%
ユーロ	投資信託受益証券	1銘柄	63.9%	-	5.9%
	投資証券	2銘柄	-	36.1%	5.9%

第2 信用取引契約残高明細表
該当事項はありません。
第3 デリバティブ取引及び為替予約取引の契約額等及び時価の状況表
「注記表(デリバティブ取引等に関する注記)」に記載しております。

(参考情報)
「UBSディフェンシブ・インベストメント・マザーファンド」は、「ルクセンブルグ籍外国投資信託 UBS(Lux)ボンド・シキャブ- USドル・コーポレート(USD) I-B-acc/distクラス」投資証券、「ルクセンブルグ籍外国投資信託UBS (Lux) シキャブ 1-USファンダメンタル・エクイティ・マーケット・ニュートラル(USD)U-X-accクラス」投資証券、「アイルランド籍外国投資信託 UBS (Irl)インベスター・セレクションPLC-UBS (Irl)フィクスド・インカム・グローバル・オポチュニティーズ・ファンド (USD) I-B-accクラス」投資証券、「ルクセンブルグ籍外国投資信託 db x - トラッカーズ db ヘッジ・ファンド・インデックス UCITS ETF」投資証券、「ルクセンブルグ籍外国投資信託 UBS(Lux)エクイティ・シキャブ-ヨーロピアン・オポチュニティ・アンコンストレインド(EUR)I-B-accクラス」投資証券、「ケイマン籍外国投資信託 UBS(CAY)グローバル・グロース・アンド・インカムクラスA」投資信託受益証券、「ルクセンブルグ籍外国投資信託UBS (Lux) キー・セレクション・シキャブ- ダイナミック・アルファ(USD) I-B-accクラス」投資証券、「ルクセンブルグ籍外国投資信託 UBS(Lux)インスティテューショナル・ファンド-ユーロ・コーポレート・ボンド BAクラス」投資信託受益証券、「アイルランド籍外国投資信託 iシェアーズ世界債券ETF」投資証券、「アイルランド籍外国投資信託 iシェアーズ米国ハイイールド債券ETF (iBoxxドル建てLHYC)」投資証券、「アイルランド籍外国投資信託 iシェアーズ J.P.モルガンドル建て新興国債券ETF」投資証券、「アイルランド籍外国投資信託 iシェアーズ欧州ハイイールド社債ETF」投資証券を主要投資対象としており、貸借対照表の資産の部に計上された「投資信託受益証券」および「投資証券」は、これら投資信託の受益証券および投資証券です。
「ルクセンブルグ籍外国投資信託 UBS(Lux)ボンド・シキャブ- USドル・コーポレート(USD) I-B-acc/distクラス」投資証券、「ルクセンブルグ籍外国投資信託UBS (Lux) シキャブ 1-USファンダメンタル・エクイティ・マーケット・ニュートラル(USD)U-X-accクラス」投資証券、「アイルランド籍外国投資信託 UBS (Irl)インベスター・セレクションPLC-UBS (Irl)フィクスド・インカム・グローバル・オポチュニティーズ・ファンド (USD) I-B-accクラス」投資証券、「ルクセンブルグ籍外国投資信託 db x - トラッカーズ db ヘッジ・ファンド・インデックス UCITS ETF」投資証券、「ルクセンブルグ籍外国投資信託 UBS(Lux)エクイティ・シキャブ-ヨーロピアン・オポチュニティ・アンコンストレインド(EUR)I-B-accクラス」投資証券、「ケイマン籍外国投資信託 UBS(CAY)グローバル・グロース・アンド・インカムクラスA」投資信託受益証券、「ルクセンブルグ籍外国投資信託UBS (Lux) キー・セレクション・シキャブ- ダイナミック・アルファ(USD) I-B-accクラス」投資証券、「ルクセンブルグ籍外国投資信託 UBS(Lux)インスティテューショナル・ファンド-ユーロ・コーポレート・ボンド BAクラス」投資信託受益証券、「アイルランド籍外国投資信託 iシェアーズ世界債券ETF」投資証券、「アイルランド籍外国投資信託 iシェアーズ米国ハイイールド債券ETF (iBoxxドル建てLHYC)」投資証券、「アイルランド籍外国投資信託 iシェアーズ J.P.モルガンドル建て新興国債券ETF」投資証券、「アイルランド籍外国投資信託 iシェアーズ欧州ハイイールド社債ETF」投資証券の各ファンドが組入れられている連結ファンドの状況は次の通りです。
なお、以下に記載した情報は、監査の対象外です。
UBS(Lux)ボンド・シキャブ-USドル・コーポレート(USD)(ルクセンブルグ籍外国投資信託)の運用状況
当ファンドは「UBSディフェンシブ・インベストメント・マザーファンド」が投資対象とする外国投資信託証券です。
ご参考として、掲載されている当ファンドの損益計算書及び投資有価証券明細表は、2014年5月31日現在の現地Annual Reportからの抜粋であり、現地の会計基準に基づき作成され、監査を受けたものです。
UBS(Lux)ボンド・シキャブ-USドル・コーポレート(USD)(ルクセンブルグ籍外国投資信託)
連結

Statement of Operations

損益計算書
(損益項目仮訳)

自 2013年6月1日至 2014年5月31日
米ドル

Income	収益
Interest on liquid assets	流動資産等に係る受取利息		988.60
Interest on securities	有価証券に係る受取利息		48,882,027.67
Interest received on swaps	スワップ取引に係る受取利息		11,458.33
Income on securities lending	有価証券の貸付に係る収益		135,132.78
Total income	収益合計		49,029,607.38

Expenses	費用
Flat fee	均一費用	-3,951,359.26
Taxe d'abonnement	年次税		-270,842.85
Cost on securities lending	有価証券の貸付に係る費用		-54,053.11
Interest on cash liquidity and bank overdraft	当座借越等に係る支払利息		-43.30
Total expenses	費用合計	-4,276,298.52

Net income (loss) on investments	投資純利益(損失)		44,753,308.86

Realized gain (loss)	実現(損)益
Realized gain (loss) on market-priced securities without options	無オプション市場価格証券に係る実現(損)益	-7,436,943.90
Realized gain (loss) on options	オプション取引に係る実現(損)益	733,510.00
Realized gain (loss) on financial futures	金融先物取引に係る実現(損)益	-1,003,691.79
Realized gain (loss) on forward foreign exchange contracts	為替予約取引に係る実現(損)益	12,270,706.30
Realized gain (loss) on swaps	スワップ取引に係る実現(損)益	2,018.13
Realized result on subscriptions/redemptions	追加設定/一部解約に係る実現損益	4,817,132.62
Total realized gain (loss) on investments	投資実現(損)益合計		9,382,731.36
Realized gain (loss) on foreign exchange	為替差(損)益		-414,708.11
Total realized gain (loss)	実現(損)益合計		8,968,023.25

Net realized gain (loss) of the financial year	当期実現純(損)益		53,721,332.11

Changes in unrealized appreciation (depreciation)	未実現評価(損)益の変動
Unrealized appreciation (depreciation) on market-priced securities without options	無オプション市場価格証券に係る未実現評価(損)益	49,567,814.11
Unrealized appreciation (depreciation) on options	オプション取引に係る未実現評価(損)益		569,498.00
Unrealized appreciation (depreciation) on financial futures	金融先物取引に係る未実現評価(損)益		-39,844.75
Unrealized appreciation (depreciation) on forward foreign exchange contracts	為替予約取引に係る未実現評価(損)益	-6,515,861.82
Unrealized appreciation (depreciation) on swaps	スワップ取引に係る未実現評価(損)益		385.50
Total changes in unrealized appreciation (depreciation)	未実現評価(損)益の変動合計	43,581,991.04

Net increase (decrease) in net assets as a result of operations	純資産の純増(減)額		97,303,323.15

2014年5月31日現在の投資有価証券その他の純資産明細表

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
公認の証券取引所に上場されている譲渡性のある有価証券および金融商品
固定利付ノート
米ドル
USD	ABBOTT LABORATORIES 6.15000% 07-30.11.37	4,800,000.00	6,237,816.00	0.29
USD	AES CORP 4.87500% 13-15.05.23	2,482,000.00	2,432,360.00	0.11
USD	ALLY FINANCIAL INC 5.50000% 12-15.02.17	4,450,000.00	4,833,812.50	0.22
USD	ALTRIA GROUP INC 4.75000% 11-05.05.21	2,190,000.00	2,431,489.11	0.11
USD	AMERICAN INTERNATIONAL GROUP INC 8.25000% 08-15.08.18	1,275,000.00	1,593,213.22	0.07
USD	AMERICAN INTERNATIONAL GROUP 6.40000% 10-15.12.20	2,250,000.00	2,727,758.25	0.12
USD	AMERICAN INTERNATIONAL GROUP 3.80000% 12-22.03.17	1,500,000.00	1,610,160.00	0.07
USD	AMERICAN INTERNATIONAL GROUP INC 4.12500% 13-15.02.24	2,000,000.00	2,104,106.00	0.10
USD	ANADARKO PETROLEUM CORP 6.20000% 10-15.03.40	5,000,000.00	6,206,460.00	0.28
USD	ANADARKO PETROLEUM CORP 5.95000% 06-15.09.16	8,010,000.00	8,911,661.67	0.41
USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 5.37500% 10-15.01.20	750,000.00	871,765.50	0.04
USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 8.20000% 11-15.01.39	950,000.00	1,482,852.15	0.07
USD	ANHEUSER-BUSCH INBEV FINANCE INC 4.62500% 14-01.02.44	10,000,000.00	10,640,700.00	0.49
USD	APACHE CORP 5.10000% 10-01.09.40	2,600,000.00	2,858,681.80	0.13
USD	APPLE INC 3.85000% 13-04.05.43	5,000,000.00	4,642,855.00	0.21
USD	APPLE INC 4.45000% 14-06.05.44	3,000,000.00	3,058,485.00	0.14
USD	ARCELORMITTAL 5.25000% 10-05.08.20	5,911,000.00	6,309,992.50	0.29
USD	AT&T INC 3.90000% 14-11.03.24	10,000,000.00	10,380,870.00	0.48
USD	AT&T INC 4.30000% 13-15.12.42	30,000.00	28,655.91	0.00
USD	BALTIMORE GAS & ELECTRIC CO 3.50000% 11-15.11.21	2,000,000.00	2,078,852.00	0.10
USD	BANK OF AMERICA CORP 6.00000% 07-01.09.17	2,500,000.00	2,838,622.50	0.13
USD	BANK OF AMERICA CORP 5.75000% 07-01.12.17	1,825,000.00	2,067,389.20	0.09
USD	BANK OF AMERICA CORP 2.60000% 13-15.01.19	15,000,000.00	15,230,460.00	0.70
USD	BANK OF AMERICA CORP 5.00000% 14-21.01.44	10,000,000.00	10,604,540.00	0.49
USD	BANK OF AMERICA CORP 4.10000% 13-24.07.23	4,750,000.00	4,911,970.25	0.22
USD	BANK OF TOKYO-MITSUBISHI UFJ LTD-144A 1.20000% 14-10.03.17	3,250,000.00	3,252,827.50	0.15
USD	BANK OF TOKYO-MITSUBISHI UFJ LTD-144A 3.75000% 14-10.03.24	3,250,000.00	3,347,223.75	0.15
USD	BARCLAYS BANK PLC-144A-SUB 6.05000% 07-04.12.17	4,000,000.00	4,535,168.00	0.21
USD	BARCLAYS BANK PLC-SUB 5.14000% 10-14.10.20	375,000.00	410,292.37	0.02
USD	BEAM INC 3.25000% 13-15.06.23	4,750,000.00	4,670,551.50	0.21
USD	BEAR STEARNS COMPANIES INC 7.25000% 08-01.02.18	5,205,000.00	6,217,617.14	0.28
USD	BERKSHIRE HATHAWAY FINANCE CORP 4.40000% 12-15.05.42	900,000.00	909,706.50	0.04
USD	BOEING CO 4.87500% 09-15.02.20	1,000,000.00	1,140,327.00	0.05
USD	BOSTON SCIENTIFIC CORP 6.00000% 09-15.01.20	3,300,000.00	3,849,182.70	0.18
USD	BOSTON SCIENTIFIC CORP 2.65000% 13-01.10.18	7,005,000.00	7,155,425.37	0.33
USD	CAPITAL ONE FINANCIAL CORP 6.75000% 07-15.09.17	5,000,000.00	5,826,995.00	0.27
USD	CAPITAL ONE FINANCIAL CORP 3.15000% 11-15.07.16	3,000,000.00	3,138,552.00	0.14
USD	CARDINAL HEALTH INC 1.70000% 13-15.03.18	10,000,000.00	10,033,790.00	0.46
USD	CBS CORP 5.90000% 10-15.10.40	1,425,000.00	1,633,876.50	0.07
USD	CHUBB CORP 5.75000% 08-15.05.18	2,933,000.00	3,383,719.98	0.15
USD	CISCO SYSTEMS INC 1.10000% 14-03.03.17	7,500,000.00	7,536,990.00	0.34
USD	CISCO SYSTEMS INC 5.90000% 09-15.02.39	925,000.00	1,124,225.57	0.05
USD	CITIGROUP 8.50000% 09-22.05.19	4,675,000.00	5,988,184.12	0.27
USD	CITIGROUP INC 1.75000% 13-01.05.18	5,000,000.00	4,976,095.00	0.23
USD	CITIGROUP INC 5.37500% 10-09.08.20	2,300,000.00	2,635,673.49	0.12
USD	CITIGROUP INC 6.00000% 07-15.08.17	2,825,000.00	3,203,485.03	0.15
USD	CITIGROUP INC 6.12500% 07-21.11.17	6,850,000.00	7,838,598.85	0.36
USD	CITIGROUP INC 6.12500% 08-15.05.18	2,000,000.00	2,313,472.00	0.11
USD	CITIGROUP INC-SUB 4.87500% 03-07.05.15	1,025,000.00	1,063,877.22	0.05
USD	CITIGROUP INC-SUB 6.67500% 13-13.09.43	5,000,000.00	6,108,335.00	0.28
USD	CONAGRA FOODS INC 3.25000% 12-15.09.22	5,000,000.00	4,936,420.00	0.23
USD	CREDIT SUISSE-SUB 5.40000% 10-14.01.20	10,000,000.00	11,210,170.00	0.51
USD	CRH AMERICA INC 6.00000% 06-30.09.16	1,410,000.00	1,568,368.38	0.07
USD	CRH AMERICA INC 8.12500% 08-15.07.18	7,880,000.00	9,710,933.76	0.44
USD	DDR CORP 5.50000% 05-01.05.15	1,400,000.00	1,459,186.40	0.07
USD	DEVON ENERGY CORP 1.87500% 12-15.05.17	6,084,000.00	6,194,503.69	0.28
USD	DOLLAR GENERAL CORP 1.87500% 13-15.04.18	6,698,000.00	6,689,922.21	0.31
USD	DOW CHEMICAL CO 7.37500% 99-01.11.29	435,000.00	587,086.01	0.03

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
USD	DOW CHEMICAL CO 8.55000% 09-15.05.19	1,300,000.00	1,676,641.20	0.08
USD	DOW CHEMICAL CO/THE 4.37500% 12-15.11.42	2,250,000.00	2,158,722.00	0.10
USD	ECOLAB INC 5.50000% 11-08.12.41	1,407,000.00	1,664,362.82	0.08
USD	EL PASO NATURAL GAS CO 5.95000% 07-15.04.17	1,375,000.00	1,541,021.63	0.07
USD	EMPRESA NACIONAL DE ELECTRICIDAD SA/CHI 4.25000% 14-15.04.24	2,000,000.00	2,040,008.00	0.09
USD	ENCANA CORP 5.90000% 07-01.12.17	2,285,000.00	2,613,379.64	0.12
USD	ENCANA CORP 6.50000% 07-01.02.38	3,000,000.00	3,764,424.00	0.17
USD	ENERGY TRANSFER PARTNERS LP 6.70000% 08-01.07.18	839,000.00	985,466.74	0.05
USD	ENERGY TRANSFER PARTNERS LP 5.95000% 13-01.10.43	7,500,000.00	8,367,502.50	0.38
USD	FERMACA ENTERPRISES S DE RL DE CV-144A 6.37500% 14-30.03.38	1,750,000.00	1,820,000.00	0.08
USD	FIRSTENERGY CORP 4.25000% 13-15.03.23	1,750,000.00	1,732,557.75	0.08
USD	FREEPORT MCMORAN COPPER & GOLD INC 3.55000% 12-01.03.22	1,275,000.00	1,253,976.52	0.06
USD	GLAXOSMITHKLINE CAPITAL PLC 2.85000% 12-08.05.22	4,800,000.00	4,780,622.40	0.22
USD	GOLDMAN SACHS GROUP INC 7.50000% 09-15.02.19	2,675,000.00	3,275,160.32	0.15
USD	GOLDMAN SACHS GROUP INC 3.62500% 13-22.01.23	10,000,000.00	10,020,150.00	0.46
USD	GOOGLE INC 3.37500% 14-25.02.24	5,250,000.00	5,393,734.50	0.25
USD	HEATHROW FUNDING LTD-144A 2.50000% 12-25.06.15	2,025,000.00	2,058,872.17	0.09
USD	HEWLETT-PACKARD CO 2.60000% 12-15.09.17	5,025,000.00	5,206,533.15	0.24
USD	HOME DEPOT INC 5.40000% 10-15.09.40	3,354,000.00	3,947,218.63	0.18
USD	HSBC HOLDINGS PLC 4.00000% 12-30.03.22	2,600,000.00	2,771,171.00	0.13
USD	HSBC HOLDINGS PLC-SUB 6.50000% 07-15.09.37	825,000.00	1,011,903.75	0.05
USD	HSBC HOLDINGS PLC-SUB 5.25000% 14-14.03.44	2,000,000.00	2,114,440.00	0.10
USD	HYUNDAI CAPITAL AMERICA-144A 3.75000% 10-06.04.16	4,250,000.00	4,457,761.25	0.20
USD	IMPERIAL TOBACCO FINANCE PLC-144A 3.50000% 13-11.02.23	1,250,000.00	1,233,610.00	0.06
USD	INTEL CORP 3.30000% 11-01.10.21	1,925,000.00	1,997,714.95	0.09
USD	INTERNATIONAL BUSINESS MACHINES CORP 7.62500% 08-15.10.18	1,315,000.00	1,640,238.95	0.08
USD	INTERNATIONAL BUSINESS MACHINES CORP 1.25000% 12-06.02.17	2,750,000.00	2,774,788.50	0.13
USD	INTERNATIONAL LEASE FINANCE CORP 3.87500% 13-15.04.18	2,875,000.00	2,954,062.50	0.14
USD	JERSEY CENTRAL POWER & LIGHT 7.350% 09-01.02.19	1,575,000.00	1,905,209.77	0.09
USD	JP MORGAN CHASE & CO 4.50000% 12-24.01.22	3,975,000.00	4,345,935.08	0.20
USD	MARATHON OIL CORP 6.60000% 07-01.10.37	950,000.00	1,229,221.15	0.06
USD	MARSH & MCLENNAN COS INC 9.25000% 09-15.04.19	3,725,000.00	4,900,185.35	0.22
USD	MASTERCARD INC 3.37500% 14-01.04.24	5,000,000.00	5,086,985.00	0.23
USD	MCKESSON CORP 0.95000% 12-04.12.15	10,000,000.00	10,050,990.00	0.46
USD	MERCK & CO INC 4.15000% 13-18.05.43	750,000.00	740,896.50	0.03
USD	MOLSON COORS BREWING CO 5.00000% 12-01.05.42	6,500,000.00	7,042,808.50	0.32
USD	MONDELEZ INTL 6.50000% 10-09.02.40	4,035,000.00	5,130,530.74	0.23
USD	MORGAN STANLEY 2.50000% 14-24.01.19	11,500,000.00	11,683,137.50	0.53
USD	MORGAN STANLEY 5.50000% 11-28.07.21	10,000,000.00	11,433,550.00	0.52
USD	MORGAN STANLEY-SUB 4.87500% 12-01.11.22	4,150,000.00	4,444,562.85	0.20
USD	NEWMONT MINING CORP 5.12500% 09-01.10.19	3,000,000.00	3,308,778.00	0.15
USD	NEXTERA ENERGY 7.87500% 08-15.12.15	2,750,000.00	3,045,908.25	0.14
USD	NORFOLK SOUTHERN CORP 5.59000% 05-17.05.25	500,000.00	571,503.50	0.03
USD	OCCIDENTAL PETROLEUM CORP 4.12500% 09-01.06.16	2,000,000.00	2,139,862.00	0.10
USD	ONEOK PARTNERS LP 8.62500% 09-01.03.19	1,450,000.00	1,840,437.15	0.08
USD	ORACLE CORP 1.20000% 12-15.10.17	7,000,000.00	6,991,313.00	0.32
USD	ORANGE SA 5.50000% 14-06.02.44	4,000,000.00	4,397,776.00	0.20
USD	OWENS CORNING REORGANIZED INC STEP-UP/DOWN 07-01.12.16	350,000.00	390,924.45	0.02
USD	PFIZER INC 4.30000% 13-15.06.43	5,000,000.00	5,005,770.00	0.23
USD	PFIZER INC 4.40000% 14-15.05.44	11,000,000.00	11,215,919.00	0.51
USD	PHILIP MORRIS INTERNATIONAL INC 2.50000% 12-22.08.22	10,145,000.00	9,801,398.99	0.45
USD	PPL CAPITAL FUNDING INC 4.20000% 12-15.06.22	899,000.00	962,397.48	0.04
USD	PPL CAPITAL FUNDING INC 5.00000% 14-15.03.44	1,500,000.00	1,613,763.00	0.07
USD	PRUDENTIAL FINANCIAL INC 3.50000% 14-15.05.24	2,500,000.00	2,511,000.00	0.11
USD	PUBLIC SERVICE CO OF COLORADO 2.25000% 12-15.09.22	584,000.00	559,257.09	0.03
USD	RABOBANK NEDERLAND NV 4.50000% 11-11.01.21	597,000.00	660,160.80	0.03
USD	RABOBANK NEDERLAND-SUB 4.62500% 13-01.12.23	4,000,000.00	4,222,616.00	0.19
USD	REYNOLDS AMERICAN INC 6.75000% 07-15.06.17	4,860,000.00	5,618,208.60	0.26
USD	ROYAL BANK OF SCOTLAND PLC 6.40000% 09-21.10.19	7,000,000.00	8,220,800.00	0.38
USD	SABMILLER HOLDINGS INC-144A 3.75000% 12-15.01.22	1,690,000.00	1,764,275.50	0.08
USD	SEMPRA ENERGY 6.00000% 09-15.10.39	800,000.00	993,984.80	0.05
USD	SEMPRA ENERGY 6.50000% 09-01.06.16	4,000,000.00	4,439,652.00	0.20
USD	SEMPRA ENERGY 9.80000% 08-15.02.19	1,125,000.00	1,507,653.00	0.07
USD	SOUTHWESTERN ELECTRIC POWER 3.55000% 12-15.02.22	4,237,000.00	4,361,495.78	0.20
USD	SUNCOR ENERGY INC 6.10000% 08-01.06.18	6,000,000.00	6,990,108.00	0.32

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
USD	SVENSKA HANDELSBANKEN AB 1.62500% 13-21.03.18	3,000,000.00	3,001,926.00	0.14
USD	SWEDBANK AB-144A 2.12500% 12-29.09.17	2,000,000.00	2,039,158.00	0.09
USD	TELEFONICA EMISIONES SA 6.22100% 07-03.07.17	4,333,000.00	4,915,966.15	0.22
USD	THERMO FISHER SCIENTIFIC INC 2.40000% 13-01.02.19	5,000,000.00	5,064,495.00	0.23
USD	TIME WARNER CABLE INC 5.00000% 09-01.02.20	5,500,000.00	6,212,673.50	0.28
USD	TIME WARNER INC 6.10000% 10-15.07.40	825,000.00	986,009.47	0.05
USD	TOTAL CAPITAL INTERNATIONAL SA 2.87500% 12-17.02.22	2,000,000.00	2,002,396.00	0.09
USD	UNITED PARCEL SERVICE INC 6.20000% 08-15.01.38	460,000.00	599,163.34	0.03
USD	UNITED TECHNOLOGIES CORP 6.12500% 08-15.07.38	1,250,000.00	1,607,416.25	0.07
USD	VALERO ENERGY CORP 6.62500% 07-15.06.37	1,300,000.00	1,623,627.20	0.07
USD	VALSPAR CORP 4.20000% 12-15.01.22	4,000,000.00	4,197,032.00	0.19
USD	VENTAS REALITY LP 3.75000% 14-01.05.24	2,000,000.00	2,019,826.00	0.09
USD	VERIZON COMMUNICATIONS INC 6.40000% 08-15.02.38	1,375,000.00	1,679,154.12	0.08
USD	VERIZON COMMUNICATIONS INC 2.50000% 13-15.09.16	14,000,000.00	14,495,390.00	0.66
USD	VIACOM INC 5.25000% 14-01.04.44	3,000,000.00	3,165,531.00	0.14
USD	VODAFONE GROUP PLC 5.62500% 07-27.02.17	1,075,000.00	1,203,384.03	0.06
USD	WAL-MART STORES INC 5.62500% 10-01.04.40	2,310,000.00	2,799,604.50	0.13
USD	WASHINGTON MUTUAL BK FA CHATS CALIF-SUBDEF 5.5% 2-15.01.13	7,995,000.00	799.50	0.00
USD	WEATHERFORD INTERNATIONAL LTD 6.00000% 08-15.03.18	3,000,000.00	3,433,881.00	0.16
USD	WELLPOINT INC 3.12500% 12-15.05.22	3,715,000.00	3,727,389.52	0.17
USD	WELLS FARGO & CO-SUB 4.12500% 13-15.08.23	5,000,000.00	5,177,105.00	0.24
USD	WYNDHAM WORLDWIDE 2.95000% 12-01.03.17	3,261,000.00	3,393,497.70	0.16
USD	XEROX CORP 3.80000% 14-15.05.24	1,000,000.00	997,739.00	0.05
USD	XL GROUP LTD 5.75000% 11-01.10.21	5,600,000.00	6,562,628.80	0.30
米ドル合計			589,037,123.38	26.95
固定利付ノート合計			589,037,123.38	26.95

変動利付ノート
米ドル
USD	ARCELORMITTAL STEP-UP 12-25.02.17	2,500,000.00	2,643,750.00	0.12
USD	METLIFE INC-SUB 6.400%/3M LIBOR+220.5BP 06-15.12.66	7,000,000.00	7,808,850.00	0.36
米ドル合計			10,452,600.00	0.48
変動利付ノート合計			10,452,600.00	0.48

固定利付ミディアム・ターム・ノート
米ドル
USD	BANK OF AMERICA CORP 5.62500% 10-01.07.20	3,740,000.00	4,313,450.46	0.20
USD	BNP PARIBAS 1.37500% 14-17.03.17	17,000,000.00	17,000,510.00	0.78
USD	GENERAL ELECTRIC CAPITAL CORP 5.87500% 08-14.01.38	11,000,000.00	13,179,870.00	0.60
USD	GENERAL ELECTRIC CAPITAL CORP 6.87500% 09-10.01.39	1,100,000.00	1,475,591.70	0.07
USD	GENERAL ELECTRIC CAPITAL CORP 2.30000% 14-14.01.19	15,000,000.00	15,312,075.00	0.70
USD	MERRILL LYNCH & CO INC 6.87500% 08-25.04.18	5,169,000.00	6,119,041.52	0.28
USD	MEXICO, UNITED STATES OF 5.55000% 14-21.01.45	4,000,000.00	4,570,000.00	0.21
USD	MORGAN STANLEY 6.62500% 08-01.04.18	4,375,000.00	5,123,908.13	0.23
USD	PRUDENTIAL FINANCIAL INC 6.10000% 07-15.06.17	1,640,000.00	1,869,091.60	0.08
USD	VALERO ENERGY CORP 7.50000% 02-15.04.32	1,245,000.00	1,653,547.99	0.08
USD	VIACOM INC 7.87500% 00-30.07.30	4,000,000.00	5,391,456.00	0.25
米ドル合計			76,008,542.40	3.48
固定利付ミディアム・ターム・ノート合計			76,008,542.40	3.48

固定利付債券
米ドル
USD	AMAZON.COM INC 1.20000% 12-29.11.17	11,154,000.00	11,109,417.46	0.51
USD	BP CAPITAL MARKETS PLC 2.23700% 14-10.05.19	5,000,000.00	5,056,015.00	0.23
USD	BRITISH TELECOMMUNICATIONS PLC STEP-UP/DOWN 00-15.12.30	1,800,000.00	2,875,354.20	0.13
USD	CATERPILLAR INC 3.80300% 12-15.08.42	4,500,000.00	4,169,034.00	0.19
USD	CITIGROUP INC 3.87500% 13-25.10.23	20,000,000.00	20,343,000.00	0.93
USD	COLOMBIA, REPUBLIC OF 5.62500% 14-26.02.44	6,000,000.00	6,757,500.00	0.31
USD	COMMONWEALTH EDISON CO 6.15000% 07-15.09.17	4,185,000.00	4,827,732.30	0.22
USD	CONSOLIDATED EDISON CO OF NEW YORK INC 7.12500% 08-01.12.18	500,000.00	611,791.00	0.03
USD	CONSOLIDATED EDISON CO OF NEW YORK INC 5.50000% 09-01.12.39	275,000.00	329,017.97	0.02
USD	CONSOLIDATED EDISON CO OF NEW YORK INC 4.45000% 14-15.03.44	4,000,000.00	4,118,416.00	0.19
USD	DUKE ENERGY CAROLINAS LLC 6.05000% 08-15.04.38	1,425,000.00	1,834,326.98	0.08
USD	DUKE ENERGY OHIO INC 5.40000% 03-15.06.33	2,500,000.00	2,832,837.50	0.13
USD	ENTERPRISE PRODUCTS OPERATING LP 6.87500% 03-01.03.33	1,650,000.00	2,144,227.80	0.10

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
USD	ENTERPRISE PRODUCTS OPERATING LP 6.30000% 07-15.09.17	1,525,000.00	1,763,862.27	0.08
USD	FORD MOTOR CO 6.62500% 98-01.10.28	4,300,000.00	5,273,649.00	0.24
USD	FORD MOTOR CO 7.45000% 99-16.07.31	875,000.00	1,166,541.25	0.05
USD	INTERNATIONAL BUSINESS MACHINES CORP 8.37500% 89-01.11.19	2,306,000.00	3,031,389.20	0.14
USD	INTERNATIONAL PAPER CO 7.50000% 09-15.08.21	2,000,000.00	2,547,752.00	0.12
USD	MIZUHO CORP BANK LTD-144A 1.55000% 12-17.10.17	3,000,000.00	2,999,430.00	0.14
USD	NEWS AMERICA INC 6.20000% 04-15.12.34	5,100,000.00	6,220,480.20	0.29
USD	PEPSICO INC 3.12500% 10-01.11.20	2,150,000.00	2,246,309.25	0.10
USD	PETRO-CANADA 6.80000% 6.800000% 08-15.05.38	4,400,000.00	5,863,840.40	0.27
USD	PFIZER INC 6.20000% 09-15.03.19	415,000.00	493,504.72	0.02
USD	PFIZER INC 7.20000% 09-15.03.39	250,000.00	351,943.00	0.02
USD	PRUDENTIAL FINANCIAL INC 6.62500% 10-21.06.40	885,000.00	1,161,427.98	0.05
USD	SOUTHERN CALIFORNIA EDISON CO 5.95000% 08-01.02.38	1,435,000.00	1,821,045.13	0.08
USD	SPRINT CAPITAL CORPORATION 6.87500% 98-15.11.28	2,000,000.00	2,050,000.00	0.09
USD	SUNCOR ENERGY INC 6.50000% 07-15.06.38	3,000,000.00	3,863,637.00	0.18
USD	TIME WARNER ENTERTAINMENT CO L P 8.37500% 93-15.03.23	2,300,000.00	3,104,339.90	0.14
USD	TIME WARNER INC 5.35000% 13-15.12.43	4,250,000.00	4,686,492.00	0.21
USD	TIME WARNER INC 5.37500% 11-15.10.41	475,000.00	523,825.72	0.02
USD	VALE OVERSEAS LTD 4.62500% 10-15.09.20	1,025,000.00	1,094,989.05	0.05
USD	WELLPOINT INC 5.25000% 06-15.01.16	5,000,000.00	5,358,710.00	0.25
米ドル合計			122,631,838.28	5.61
固定利付債券合計			122,631,838.28	5.61

変動利付債券
米ドル
USD	DEUTSCHE TELEKOM INTL FIN 8.250%/RATING LINKED 00-15.06.30	5,000,000.00	7,354,615.00	0.34
米ドル合計			7,354,615.00	0.34
変動利付債券合計			7,354,615.00	0.34

その他固定利付債券
米ドル
USD	MORGAN STANLEY 7.30000% 09-13.05.19	5,000,000.00	6,109,760.00	0.28
米ドル合計			6,109,760.00	0.28
その他固定利付債券合計			6,109,760.00	0.28

公認の証券取引所に上場されている譲渡性のある有価証券および金融商品合計			811,594,479.06	37.14

他の規制ある市場で取引されている譲渡性のある有価証券および金融商品
変動利付アセット・バック証券
米ドル
USD	HOME EQUITY MORTGAGE TRUST-SUB DEFAULT FLR 05-01.11.35	1,750,000.00	0.05	0.00
米ドル合計			0.05	0.00
変動利付アセット・バック証券合計			0.05	0.00

固定利付モゲージ・バック証券
米ドル
USD	EXTENDED STAY AMERICA TRUST-144A 3.60390% 13-01.12.31	2,500,000.00	2,547,007.50	0.12
米ドル合計			2,547,007.50	0.12
固定利付モゲージ・バック証券合計			2,547,007.50	0.12

固定利付ノート
米ドル
USD	ABBVIE INC 1.75000% 13-06.11.17	10,000,000.00	10,087,170.00	0.46
USD	ABBVIE INC 4.40000% 13-06.11.42	1,500,000.00	1,504,092.00	0.07
USD	ADT CORP 3.50000% 13-15.07.22	2,150,000.00	1,972,625.00	0.09
USD	ALLTEL CORP 7.87500% 02-01.07.32	400,000.00	555,139.20	0.03
USD	ALTRIA GROUP INC 5.37500% 13-31.01.44	8,000,000.00	8,691,560.00	0.40
USD	AMERICAN EXPRESS CREDIT CORP 1.30000% 13-29.07.16	10,585,000.00	10,693,612.68	0.49
USD	AMERICAN INTERNATIONAL GROUP INC 6.25000% 06-01.05.36	4,400,000.00	5,578,130.80	0.26
USD	AMGEN INC 6.40000% 09-01.02.39	750,000.00	947,420.25	0.04
USD	ANADARKO FINANCE COMPANY 7.50000% 01-01.05.31	745,000.00	1,012,647.21	0.05
USD	APACHE CORP 4.75000% 12-15.04.43	12,750,000.00	13,356,033.00	0.61
USD	APPALACHIAN POWER CO 4.40000% 14-15.05.44	6,000,000.00	6,026,742.00	0.28
USD	BAE SYSTEMS HOLDINGS INC-144A 6.37500% 09-01.06.19	2,250,000.00	2,611,226.25	0.12
USD	BANK OF AMERICA CORP 6.50000% 09-01.08.16	7,000,000.00	7,793,072.00	0.36

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
USD	BARCLAYS BANK PLC 2.50000% 14-20.02.19	5,000,000.00	5,087,545.00	0.23
USD	BARRICK GOLD CORP 3.85000% 12-01.04.22	1,875,000.00	1,824,551.25	0.08
USD	BOSTON PROPERTIES LP 4.12500% 10-15.05.21	2,000,000.00	2,145,680.00	0.10
USD	BURLINGTON NORTHERN SANTE FE CORP 3.60000% 10-01.09.20	500,000.00	527,521.00	0.02
USD	BURLINGTON NORTHERN SANTE FE CORP 5.40000% 11-01.06.41	1,485,000.00	1,707,184.22	0.08
USD	BURLINGTON NORTHERN SANTA FE LLC 3.00000% 13-15.03.23	10,245,000.00	10,098,814.10	0.46
USD	CAMERON INTERNATIONAL CORP 1.15000% 13-15.12.16	4,500,000.00	4,509,180.00	0.21
USD	CANADIAN NATIONAL RAILWAY CO 3.50000% 12-15.11.42	1,250,000.00	1,128,035.00	0.05
USD	CENOVUS ENERGY INC 6.75000% 10-15.11.39	845,000.00	1,101,596.08	0.05
USD	CF INDUSTRIES INC 7.12500% 10-01.05.20	7,855,000.00	9,607,937.51	0.44
USD	CHEVRON CORP 2.35500% 12-05.12.22	10,000,000.00	9,601,270.00	0.44
USD	CIGNA CORP 5.12500% 10-15.06.20	5,000,000.00	5,680,320.00	0.26
USD	CIT GROUP INC 5.00000% 12-15.05.17	4,450,000.00	4,755,937.50	0.22
USD	CMS ENERGY CORP 8.75000% 09-15.06.19	3,250,000.00	4,215,753.75	0.19
USD	CNA FINANCIAL CORP 5.75000% 11-15.08.21	1,975,000.00	2,310,590.02	0.11
USD	COMCAST CORP 6.4500% 06-15.03.37	650,000.00	830,178.70	0.04
USD	CONTINENTAL RESOURCES INC 5.00000% 12-15.09.22	5,000,000.00	5,418,750.00	0.25
USD	CORNING INC 5.75000% 10-15.08.40	700,000.00	843,211.60	0.04
USD	COVIDIEN INTERNATIONAL FINANCE SA 4.20000% 10-15.06.20	900,000.00	987,408.00	0.04
USD	CSX CORP 6.22000% 10-30.04.40	875,000.00	1,109,647.87	0.05
USD	CVS CAREMARK CORP 5.75000% 11-15.05.41	315,000.00	378,741.51	0.02
USD	DAIMLER FINANCE NORTH AMERICA LLC-144A 3.00000% 11-28.03.16	5,000,000.00	5,190,765.00	0.24
USD	DEUTSCHE TELEKOM INTL FINANCE BV-144A 4.87500% 12-06.03.42	2,000,000.00	2,100,788.00	0.10
USD	DEVON ENERGY CORP 1.20000% 13-15.12.16	9,000,000.00	9,047,556.00	0.41
USD	DIRECTTV HOLDINGS LLC/FINANCING INC-SUB 5.15000% 12-15.03.42	5,715,000.00	6,026,118.88	0.28
USD	DIRECTV HOLDINGS LLC/FINANCING INC 6.00000% 10-15.08.40	3,250,000.00	3,756,610.00	0.17
USD	DIRECTV HOLDINGS LLC/FINANCING INC 3.50000% 11-01.03.16	800,000.00	838,018.40	0.04
USD	DIRECTV HOLDINGS LLC/FINANCING INC 6.37500% 11-01.03.41	5,250,000.00	6,340,582.50	0.29
USD	DISCOVER BANK-SUB 8.70000% 09-18.11.19	463,000.00	589,343.90	0.03
USD	DISCOVERY COMMUNICATIONS LLC 4.95000% 12-15.05.42	2,500,000.00	2,544,547.50	0.12
USD	DISCOVERY COMMUNICATIONS LLC 4.87500% 13-01.04.43	1,625,000.00	1,630,427.50	0.07
USD	DISH DBS CORP 4.62500% 12-15.07.17	4,450,000.00	4,728,125.00	0.22
USD	DOLLAR GENERAL CORP 4.12500% 12-15.07.17	7,000,000.00	7,504,301.00	0.34
USD	DUKE ENERGY CORP 3.05000% 12-15.08.22	495,000.00	494,729.23	0.02
USD	E.ON INTERNATIONAL FINANCE BV-144A 5.80000% 08-30.04.18	725,000.00	831,589.50	0.04
USD	EATON CORP 1.50000% 13-02.11.17	9,000,000.00	9,039,528.00	0.41
USD	ECOLAB INC 1.45000% 12-08.12.17	5,000,000.00	5,005,515.00	0.23
USD	ECOLAB INC 4.35000% 11-08.12.21	5,150,000.00	5,670,026.40	0.26
USD	ENEL FINANCE INTERNATIONAL NV-144A 3.87500% 09-07.10.14	1,425,000.00	1,440,095.02	0.07
USD	ENERGY TRANSFER PARTNERS LP 7.50000% 08-01.07.38	2,125,000.00	2,755,559.75	0.13
USD	ENTERPRISE PRODUCTS OPERATING LP 4.45000% 12-15.02.43	3,403,000.00	3,336,308.01	0.15
USD	ERAC USA FINANCE CO-144A 6.37500% 07-15.10.17	1,474,000.00	1,698,981.04	0.08
USD	ERAC USA FINANCE LLC-144A 6.20000% 06-01.11.16	4,720,000.00	5,291,955.44	0.24
USD	ERAC USA FINANCE-144A 2.80000% 13-01.11.18	5,000,000.00	5,170,655.00	0.24
USD	ERP OPERATING LTD PARTNERSHIP 4.75000% 10-15.07.20	960,000.00	1,075,567.68	0.05
USD	EXPRESS SCRIPTS HOLDING CO 3.90000% 12-15.02.22	5,000,000.00	5,251,850.00	0.24
USD	FEDEX CORP 2.62500% 12-01.08.22	1,175,000.00	1,131,126.68	0.05
USD	FEDEX CORP 3.87500% 12-01.08.42	5,000,000.00	4,516,295.00	0.21
USD	FLEXTRONICS INTERNATIONAL LTD 5.00000% 13-15.02.23	1,350,000.00	1,370,911.50	0.06
USD	FORD MOTOR CO 4.75000% 13-15.01.43	7,128,000.00	7,236,481.03	0.33
USD	FORD MOTOR CREDIT CO 6.62500% 10-15.08.17	1,700,000.00	1,962,422.20	0.09
USD	FORD MOTOR CREDIT CO LLC 3.00000% 12-12.06.17	2,650,000.00	2,766,401.25	0.13
USD	FREEPORT MCMORAN COPPER & GOLD INC 2.37500% 13-15.03.18	5,000,000.00	5,070,195.00	0.23
USD	FREEPORT MCMORAN COPPER & GOLD INC 3.10000% 13-15.03.20	1,750,000.00	1,752,040.50	0.08
USD	FREEPORT-MCMORAN COPPER & GOLD INC 5.45000% 13-15.03.43	1,500,000.00	1,543,158.00	0.07
USD	FRONTIER COMMUNICATIONS CORPORATION 9.00000% 01-15.08.31	775,000.00	823,437.50	0.04
USD	FRONTIER COMMUNICATIONS CORP 8.25000% 10-15.04.17	1,345,000.00	1,568,606.25	0.07
USD	GENERAL MOTORS FINANCIAL CO INC 4.75000% 14-15.08.17	2,750,000.00	2,935,625.00	0.13
USD	GILEAD SCIENCES INC 4.80000% 14-01.04.44	2,000,000.00	2,112,826.00	0.10
USD	GLAXOSMITHKLINE CAPITAL INC 6.37500% 08-15.05.38	1,370,000.00	1,786,762.22	0.08
USD	GOLDCORP INC 2.12500% 13-15.03.18	3,454,000.00	3,459,916.70	0.16
USD	GOLDMAN SACHS GROUP INC 6.25000% 11-01.02.41	3,000,000.00	3,695,556.00	0.17
USD	GOLDMAN SACHS GROUP INC 5.25000% 11-27.07.21	17,025,000.00	19,137,410.92	0.88
USD	HARTFORD FINANCIAL SERVICES GROUP INC 5.95000% 06-15.10.36	2,025,000.00	2,444,924.25	0.11
USD	HASBRO INC 6.30000% 07-15.09.17	1,250,000.00	1,408,857.50	0.06

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
USD	HASBRO INC 6.35000% 10-15.03.40	675,000.00	803,634.75	0.04
USD	HCA INC 7.25000% 10-15.09.20	465,000.00	500,456.25	0.02
USD	HCP INC 4.20000% 14-01.03.24	1,000,000.00	1,039,104.00	0.05
USD	HCP INC 6.00000% 07-30.01.17	2,825,000.00	3,175,339.55	0.15
USD	HEINEKEN NV-144A 4.00000% 12-01.10.42	8,000,000.00	7,480,712.00	0.34
USD	HOME DEPOT INC 4.87500% 13-15.02.44	2,500,000.00	2,731,920.00	0.12
USD	HONEYWELL INTERNATIONAL INC 5.37500% 11-01.03.41	900,000.00	1,073,277.00	0.05
USD	HSBC BANK PLC-144A 1.50000% 13-15.05.18	9,575,000.00	9,510,397.47	0.43
USD	HSBC BANK USA NA-SUB 4.87500% 10-24.08.20	800,000.00	889,458.40	0.04
USD	HSBC USA INC 1.62500% 12-16.01.18	5,000,000.00	5,020,615.00	0.23
USD	HYUNDAI CAPITAL AMERICA INC-144A 2.12500% 12-02.10.17	2,500,000.00	2,539,277.50	0.12
USD	ILLINOIS TOOL WORKS INC 0.90000% 14-25.02.17	7,000,000.00	7,009,828.00	0.32
USD	ING US INC 2.90000% 13-15.02.18	9,830,000.00	10,201,603.49	0.47
USD	INTEL CORP 1.35000% 12-15.12.17	3,675,000.00	3,680,347.13	0.17
USD	INTERNATIONAL LEASE FINANCE CORP 6.25000% 11-15.05.19	1,355,000.00	1,505,743.75	0.07
USD	JPMORGAN CHASE & CO 1.35000% 14-15.02.17	5,000,000.00	5,017,150.00	0.23
USD	JPMORGAN CHASE & CO 4.40000% 10-22.07.20	1,680,000.00	1,846,644.24	0.08
USD	JPMORGAN CHASE & CO 4.35000% 11-15.08.21	12,825,000.00	13,974,902.32	0.64
USD	JPMORGAN CHASE & CO 4.85000% 14-01.02.44	5,000,000.00	5,240,095.00	0.24
USD	JPMORGAN CHASE & CO 3.62500% 14-13.05.24	3,000,000.00	3,021,864.00	0.14
USD	KINDER MORGAN ENERGY PARTNERS LP 6.50000% 09-01.09.39	5,000,000.00	5,920,865.00	0.27
USD	KRAFT FOODS GROUP INC 2.25000% 12-05.06.17	7,050,000.00	7,253,413.65	0.33
USD	KROGER CO 2.20000% 12-15.01.17	6,400,000.00	6,582,937.60	0.30
USD	LABORATORY CORP AMERICA HOLDINGS 2.20000% 12-23.08.17	1,800,000.00	1,838,430.00	0.08
USD	LIBERTY MUTUAL GROUP INC-144A 4.95000% 12-01.05.22	2,150,000.00	2,362,553.30	0.11
USD	LIFE TECHNOLOGIES CORP 6.00000% 10-01.03.20	11,975,000.00	14,058,159.02	0.64
USD	LOWE’S COMPANIES INC 4.65000% 12-15.04.42	700,000.00	739,978.40	0.03
USD	MARATHON OIL CORP 2.80000% 12-01.11.22	4,250,000.00	4,120,209.25	0.19
USD	MASSACHUSETTS MUTUAL LIFE INS-144A 8.87500% 09-01.06.39	900,000.00	1,439,233.20	0.07
USD	MCKESSON CORP 6.00000% 11-01.03.41	375,000.00	451,801.50	0.02
USD	MEDCO HEALTH SOLUTIONS INC 4.12500% 10-15.09.20	1,475,000.00	1,587,912.73	0.07
USD	MONDELEZ INTL 2.25000% 14-01.02.19	17,000,000.00	17,149,634.00	0.78
USD	MONDELEZ INTL 4.00000% 14-01.02.24	1,500,000.00	1,552,690.50	0.07
USD	MONTELL FINANCE CO BV-144A 8.10000% 97-15.03.27	4,250,000.00	5,720,755.00	0.26
USD	MORGAN STANLEY 3.87500% 14-29.04.24	5,000,000.00	5,056,440.00	0.23
USD	MORGAN STANLEY 5.75000% 11-25.01.21	9,000,000.00	10,417,086.00	0.48
USD	MORGAN STANLEY 6.37500% 12-24.07.42	3,000,000.00	3,783,552.00	0.17
USD	MOSAIC CO 4.25000% 13-15.11.23	1,750,000.00	1,847,965.00	0.08
USD	MOTIVA ENTERPRISES LLC-144A 5.75000% 10-15.01.20	1,250,000.00	1,430,003.75	0.07
USD	MOTOROLA SOLUTIONS INC 3.50000% 13-01.03.23	2,200,000.00	2,134,103.40	0.10
USD	MYLAN INC 1.35000% 13-29.11.16	6,300,000.00	6,332,640.30	0.29
USD	NASDAQ OMX GROUP 5.55000% 10-15.01.20	1,425,000.00	1,582,838.70	0.07
USD	NATIONAL FUEL GAS CO 3.75000% 13-01.03.23	900,000.00	892,857.60	0.04
USD	NBC UNIVERSAL INC 4.37500% 11-01.04.21	1,875,000.00	2,073,540.00	0.09
USD	NBC UNIVERSAL INC 5.15000% 11-30.04.20	1,925,000.00	2,213,986.77	0.10
USD	NBC UNIVERSAL INC 6.40000% 11-30.04.40	5,000,000.00	6,405,270.00	0.29
USD	NEWS AMERICA INC 6.90000% 10-15.08.39	3,000,000.00	3,939,987.00	0.18
USD	NIPPON TELEGRAPH & TELEPHONE 1.40000% 12-18.07.17	3,000,000.00	3,017,610.00	0.14
USD	NORFOLK SOUTHERN CORP 2.90300% 13-15.02.23	3,802,000.00	3,714,717.49	0.17
USD	ONEOK PARTNERS LP 2.00000% 12-01.10.17	6,325,000.00	6,394,707.83	0.29
USD	ORACLE CORP 5.37500% 11-15.07.40	1,925,000.00	2,250,080.53	0.10
USD	PERRIGO CO LTD-144A 1.30000% 13-08.11.16	11,940,000.00	11,945,647.62	0.55
USD	PETROHAWK ENERGY CORP 7.25000% 10-15.08.18	3,825,000.00	4,016,250.00	0.18
USD	PETROLEOS MEXICANOS-144A 4.87500% 14-18.01.24	3,000,000.00	3,195,000.00	0.15
USD	PHILIP MORRIS INTERNATIONAL INC 4.50000% 12-20.03.42	1,300,000.00	1,328,459.60	0.06
USD	PNC BANK NATIONAL ASSOCIATION 1.30000% 13-03.10.16	7,000,000.00	7,073,395.00	0.32
USD	PRINCIPAL FINANCIAL GROUP INC 8.87500% 09-15.05.19	1,025,000.00	1,329,650.50	0.06
USD	PRINCIPAL FINANCIAL GROUP 3.30000% 12-15.09.22	600,000.00	599,668.80	0.03
USD	PROGRESS ENERGY INC 7.05000% 09-15.03.19	1,840,000.00	2,246,761.44	0.10
USD	QUEST DIAGNOSTICS INC 3.20000% 11-01.04.16	8,665,000.00	9,010,733.50	0.41
USD	QVC INC 4.37500% 13-15.03.23	1,800,000.00	1,815,296.40	0.08
USD	RABOBANK UTRECHT 3.37500% 12-19.01.17	3,000,000.00	3,188,331.00	0.15
USD	REPUBLIC SERVICES INC 3.55000% 12-01.06.22	1,200,000.00	1,235,629.20	0.06
USD	REPUBLIC SERVICES INC 5.50000% 10-15.09.19	3,920,000.00	4,521,845.44	0.21
USD	REYNOLDS AMERICAN INC 7.75000% 06-01.06.18	1,625,000.00	1,968,720.00	0.09

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
USD	RIO TINTO FINANCE USA LTD 3.50000% 12-22.03.22	2,625,000.00	2,699,521.13	0.12
USD	SABMILLER HOLDINGS INC-144A 2.20000% 13-01.08.18	5,000,000.00	5,040,195.00	0.23
USD	SHERWIN-WILLIAMS CO 1.35000% 12-15.12.17	5,430,000.00	5,452,876.59	0.25
USD	SIMON PROPERTY GROUP LP 3.75000% 14-01.02.24	5,500,000.00	5,677,479.50	0.26
USD	SOUTHERN CO 2.45000% 13-01.09.18	10,000,000.00	10,273,550.00	0.47
USD	SOUTHERN POWER CO 5.25000% 13-15.07.43	4,500,000.00	5,042,160.00	0.23
USD	SPECTRA ENERGY CAPITAL LLC 3.30000% 13-15.03.23	3,250,000.00	3,111,387.50	0.14
USD	SUNOCO LOGISTICS PARTNERS OPERATIONS LP 5.30000% 14-01.04.44	4,000,000.00	4,213,260.00	0.19
USD	SUNTRUST BANK-SUB 7.25000% 08-15.03.18	3,225,000.00	3,818,054.92	0.17
USD	SUNTRUST BANKS INC 1.35000% 14-15.02.17	9,500,000.00	9,548,317.00	0.44
USD	TARGET CORP 4.00000% 12-01.07.42	6,200,000.00	5,818,507.80	0.27
USD	TARGET CORP 7.00000% 08-15.01.38	260,000.00	352,852.24	0.02
USD	TEXAS INSTRUMENTS INC 2.75000% 14-12.03.21	3,500,000.00	3,549,829.50	0.16
USD	THERMO FISHER SCIENTIFIC INC 1.30000% 13-01.02.17	1,600,000.00	1,605,513.60	0.07
USD	TIME WARNER CABLE INC 4.00000% 11-01.09.21	3,000,000.00	3,224,769.00	0.15
USD	TIME WARNER INC 4.00000% 11-15.01.22	2,250,000.00	2,377,388.25	0.11
USD	TRANSCANADA PIPELINES LTD 4.62500% 14-01.03.34	3,500,000.00	3,710,080.50	0.17
USD	TRANSCONTINENTAL GAS PIPE LINE 4.45000% 12-01.08.42	850,000.00	856,376.70	0.04
USD	TRANSOCEAN INC 2.50000% 12-15.10.17	4,038,000.00	4,130,126.97	0.19
USD	TRANSOCEAN INC 5.05000% 11-15.12.16	2,000,000.00	2,179,924.00	0.10
USD	TRANSOCEAN LTD 7.50000% 01-15.04.31	940,000.00	1,123,639.34	0.05
USD	TRAVELERS COMPANIES INC 3.90000% 10-01.11.20	5,000,000.00	5,388,280.00	0.25
USD	TRAVELERS COMPANIES INC 5.35000% 10-01.11.40	800,000.00	938,413.60	0.04
USD	UNION PACIFIC CORP 4.75000% 13-15.12.43	1,000,000.00	1,096,571.00	0.05
USD	UNITED PARCEL SERVICE INC 2.45000% 12-01.10.22	5,000,000.00	4,853,620.00	0.22
USD	UNITED TECHNOLOGIES CORP 4.50000% 12-01.06.42	850,000.00	885,596.30	0.04
USD	UNITEDHEALTH GROUP INC 1.87500% 11-15.11.16	2,000,000.00	2,055,044.00	0.09
USD	URS CORP STEP-UP/DOWN 14-01.04.17	1,950,000.00	2,038,288.20	0.09
USD	VENTAS REALITY LP 1.25000% 14-17.04.17	1,500,000.00	1,501,357.50	0.07
USD	VENTAS REALTY LP/VENTAS CAPITAL CORP 2.70000% 13-01.04.20	2,350,000.00	2,351,534.55	0.11
USD	VERIZON COMMUNICATIONS INC 4.50000% 13-15.09.20	9,000,000.00	9,947,700.00	0.45
USD	VERIZON COMMUNICATIONS INC 6.40000% 13-15.09.33	10,850,000.00	13,339,315.50	0.61
USD	VERIZON COMMUNICATIONS INC 6.55000% 13-15.09.43	9,250,000.00	11,740,923.25	0.54
USD	VORNADO REALTY LP 5.00000% 11-15.01.22	300,000.00	328,218.30	0.01
USD	WAL-MART STORES INC 1.95000% 13-15.12.18	3,278,000.00	3,316,831.19	0.15
USD	WALGREEN CO 1.80000% 12-15.09.17	6,250,000.00	6,332,318.75	0.29
USD	WALGREEN CO 4.40000% 12-15.09.42	4,000,000.00	3,859,824.00	0.18
USD	WASTE MANAGEMENT INC 4.75000% 10-30.06.20	2,000,000.00	2,241,580.00	0.10
USD	WEATHERFORD INTERNATIONAL LTD 4.50000% 12-15.04.22	518,000.00	551,034.41	0.03
USD	WELLPOINT INC 4.62500% 12-15.05.42	1,725,000.00	1,755,487.65	0.08
USD	WELLS FARGO & CO 2.15000% 13-15.01.19	5,000,000.00	5,055,525.00	0.23
USD	WELLS FARGO & CO-SUB 4.48000% 14-16.01.24	10,000,000.00	10,594,800.00	0.48
USD	WESTPAC BANKING CORP 2.00000% 12-14.08.17	2,725,000.00	2,783,996.25	0.13
USD	WEYERHAEUSER CO 4.62500% 13-15.09.23	3,000,000.00	3,233,943.00	0.15
USD	WHIRLPOOL CORP 3.70000% 13-01.03.23	1,000,000.00	1,012,109.00	0.05
USD	WINDSTREAM HOLDINGS INC 7.87500% 10-01.11.17	2,000,000.00	2,305,000.00	0.11
USD	WM WRIGLEY JR CO 4.65000% 05-15.07.15	780,000.00	812,001.06	0.04
USD	XCEL ENERGY INC 4.70000% 10-15.05.20	5,450,000.00	6,090,445.85	0.28
USD	XLIT LTD 2.30000% 13-15.12.18	7,000,000.00	7,057,967.00	0.32
USD	XLIT LTD 5.25000% 13-15.12.43	7,060,000.00	7,842,410.38	0.36
USD	YUM BRANDS INC 3.87500% 13-01.11.23	2,295,000.00	2,349,788.53	0.11
USD	YUM BRANDS INC 5.35000% 13-01.11.43	5,700,000.00	6,269,811.90	0.29
米ドル合計			796,521,084.33	36.45
固定利付ノート合計			796,521,084.33	36.45

変動利付ノート
米ドル
USD	RIO TINTO FINANCE USA LTD 9.000%/RATING LINKED 09-01.05.19	4,750,000.00	6,235,230.00	0.28
米ドル合計			6,235,230.00	0.28
変動利付ノート合計			6,235,230.00	0.28

固定利付ミディアム・ターム・ノート
米ドル
USD	AVALONBAY COMMUNITIES INC 3.95000% 10-15.01.21	1,845,000.00	1,967,972.94	0.09
USD	BANK OF AMERICA CORP 3.30000% 13-11.01.23	10,000,000.00	9,847,030.00	0.45

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
USD	BB&T CORP 1.60000% 12-15.08.17	2,100,000.00	2,118,009.60	0.10
USD	CATERPILLAR FINANCIAL SERVICES CORP 2.45000% 13-06.09.18	10,000,000.00	10,299,320.00	0.47
USD	KEYCORP 2.30000% 13-13.12.18	10,000,000.00	10,145,150.00	0.46
USD	PNC BANK NATIONAL ASSOCIATION-SUB 2.95000% 13-30.01.23	2,000,000.00	1,964,310.00	0.09
USD	PRUDENTIAL FINANCIAL INC 5.40000% 05-13.06.35	975,000.00	1,105,962.98	0.05
USD	PRUDENTIAL FINANCIAL INC 6.62500% 07-01.12.37	1,590,000.00	2,089,950.06	0.10
USD	PRUDENTIAL FINANCIAL INC 2.30000% 13-15.08.18	4,175,000.00	4,259,435.20	0.20
USD	PRUDENTIAL FINANCIAL INC 5.10000% 13-15.08.43	7,000,000.00	7,735,560.00	0.35
USD	REINSURANCE GROUP OF AMERICA INC 4.70000% 13-15.09.23	2,000,000.00	2,146,486.00	0.10
USD	US BANCORP-SUB 2.95000% 12-15.07.22	1,550,000.00	1,527,135.95	0.07
USD	WELLS FARGO & CO-SUB 3.45000% 13-13.02.23	6,000,000.00	5,960,922.00	0.27
米ドル合計			61,167,244.73	2.80
固定利付ミディアム・ターム・ノート合計			61,167,244.73	2.80

固定利付債券
米ドル
USD	AGRIUM INC 4.90000% 13-01.06.43	5,000,000.00	5,115,055.00	0.23
USD	ANHEUSER-BUSCH INBEV WORLDWIDE INC 2.50000% 12-15.07.22	3,700,000.00	3,578,695.50	0.16
USD	AT&T INC 1.60000% 12-15.02.17	3,800,000.00	3,852,607.20	0.18
USD	BAXTER INTERNATIONAL INC 2.40000% 12-15.08.22	4,538,000.00	4,294,577.14	0.20
USD	BOEING CO 6.62500% 98-15.02.38	675,000.00	925,044.97	0.04
USD	BOEING CO 8.75000% 91-15.08.21	300,000.00	409,795.50	0.02
USD	CANADIAN NATURAL RESOURCES LTD 5.85000% 04-01.02.35	660,000.00	773,793.24	0.04
USD	COMCAST CORP 6.30000% 07-15.11.17	4,000,000.00	4,669,448.00	0.21
USD	CONSOLIDATED EDISON CO OF NEW YORK INC 5.85000% 08-01.04.18	2,950,000.00	3,404,128.90	0.16
USD	CONSOLIDATED EDISON CO OF NEW YORK INC 6.75000% 08-01.04.38	570,000.00	773,411.91	0.04
USD	CONTINENTAL AIRLINES PASS THRU TRUST 7.25000% 09-10.11.19	1,175,000.00	1,096,042.71	0.05
USD	CONTINENTAL RESOURCES INC 4.50000% 13-15.04.23	1,800,000.00	1,926,334.80	0.09
USD	DELTA AIR LINES INC 4.95000% 10-23.05.19	955,000.00	756,525.39	0.03
USD	DEVON ENERGY CORP 7.95000% 02-15.04.32	775,000.00	1,099,225.13	0.05
USD	DIAGEO CAPITAL PLC 5.87500% 06-30.09.36	7,000,000.00	8,614,221.00	0.39
USD	DOW CHEMICAL CO 4.25000% 10-15.11.20	1,500,000.00	1,624,953.00	0.07
USD	DUKE ENERGY CAROLINAS LLC 4.25000% 11-15.12.41	1,500,000.00	1,546,224.00	0.07
USD	EL PASO NATURAL GAS CO 8.37500% 03-15.06.32	1,800,000.00	2,528,868.60	0.12
USD	EQUITABLE COMPANIES INC 7.00000% 98-01.04.28	420,000.00	500,415.72	0.02
USD	ERAC USA FINANCE CO-144A 5.60000% 05-01.05.15	2,957,000.00	3,088,276.01	0.14
USD	GEORGIA POWER CO 5.95000% 09-01.02.39	645,000.00	802,025.89	0.04
USD	GILEAD SCIENCES INC 3.70000% 14-01.04.24	3,500,000.00	3,600,327.50	0.16
USD	HEWLETT-PACKARD CO 2.12500% 10-13.09.15	1,875,000.00	1,910,098.12	0.09
USD	INCO LTD 5.70000% 03-15.10.15	8,415,000.00	8,972,157.15	0.41
USD	JPMORGAN CHASE & CO 5.60000% 11-15.07.41	5,000,000.00	5,827,625.00	0.27
USD	KERR-MCGEE CORP 7.87500% 01-15.09.31	1,050,000.00	1,464,100.05	0.07
USD	LIBERTY MUTUAL GROUP INC-144A-SUB 7.80000% 07-15.03.37	7,500,000.00	8,850,000.00	0.40
USD	LYB INTERNATIONAL FINANCE BV 4.87500% 14-15.03.44	7,000,000.00	7,329,714.00	0.34
USD	MERCK & CO INC 6.40000% 98-01.03.28	1,250,000.00	1,616,068.75	0.07
USD	MIDAMERICAN ENERGY CO 4.80000% 13-15.09.43	5,020,000.00	5,558,018.50	0.25
USD	MONONGAHELA POWER CO-144A 5.40000% 13-15.12.43	5,000,000.00	5,746,540.00	0.26
USD	NATIONAL RURAL UTILITIES COOP FIN CORP 10.37500% 08-01.11.18	405,000.00	548,710.61	0.03
USD	PACIFIC BELL 7.12500% 93-15.03.26	2,275,000.00	2,938,182.98	0.13
USD	PACIFICORP 3.60000% 14-01.04.24	2,000,000.00	2,075,922.00	0.10
USD	PACIFICORP 6.25000% 07-15.10.37	625,000.00	817,523.13	0.04
USD	RABOBANK NEDERLAND NV-SUB 3.95000% 12-09.11.22	2,000,000.00	2,034,840.00	0.09
USD	ROGERS COMMUNICATIONS INC 4.10000% 13-01.10.23	3,700,000.00	3,867,021.70	0.18
USD	SOUTH CALIFORNIA GAS CO 4.45000% 14-15.03.44	3,000,000.00	3,204,765.00	0.15
USD	TARGET CORP 6.50000% 07-15.10.37	375,000.00	483,814.50	0.02
USD	TOTAL CAPITAL INTERNATIONAL SA 1.55000% 12-28.06.17	11,200,000.00	11,362,523.20	0.52
USD	WELLS FARGO & CO 2.12500% 14-22.04.19	6,500,000.00	6,517,277.00	0.30
USD	WEYERHAEUSER CO 8.50000% 95-15.01.25	800,000.00	1,072,696.80	0.05
米ドル合計			137,177,595.60	6.28
固定利付債券合計			137,177,595.60	6.28

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
変動利付債券
米ドル
USD	AMERICAN INT-SUB 8.175%/3M LIBOR+419.5BP 09-15.05.58	5,000,000.00	6,762,500.00	0.31
USD	NEXTERA ENERGY-SUB 6.650%/3M LIBOR+212.5BP 07-15.06.67	790,000.00	796,320.00	0.03
米ドル合計			7,558,820.00	0.34
変動利付債券合計			7,558,820.00	0.34

固定利付トレジャリーノート
米ドル
USD	AMERICA, UNITED STATES OF 3.75000% 13-15.11.43	12,460,000.00	13,519,100.00	0.62
USD	AMERICA, UNITED STATES OF 2.75000% 14-15.02.24	32,000,000.00	32,880,000.00	1.50
USD	AMERICA, UNITED STATES OF 0.25000% 14-29.02.16	75,000,000.00	74,967,750.00	3.43
USD	AMERICA, UNITED STATES OF 1.62500% 14-31.03.19	10,000,000.00	10,067,970.00	0.46
米ドル合計			131,434,820.00	6.01
固定利付トレジャリーノート合計			131,434,820.00	6.01

他の規制ある市場で取引されている譲渡性のある有価証券および金融商品合計			1,142,641,802.21	52.28

公認の証券取引所に上場されておらず、また他の規制ある市場でも取引されていない譲渡性のある有価証券および金融商品
固定利付ノート
米ドル
USD	AETNA INC 2.20000% 14-15.03.19	2,500,000.00	2,510,290.00	0.11
USD	AETNA INC 4.75000% 14-15.03.44	2,000,000.00	2,113,458.00	0.10
USD	BEAM INC 1.87500% 12-15.05.17	5,060,000.00	5,082,764.94	0.23
USD	BRITISH TELECOMMUNICATIONS PLC 1.25000% 14-14.02.17	3,250,000.00	3,261,371.75	0.15
USD	COMCAST CORP 4.25000% 13-15.01.33	5,000,000.00	5,147,570.00	0.24
USD	CVS CAREMARK CORP 2.25000% 13-05.12.18	1,500,000.00	1,521,699.00	0.07
USD	CVS CAREMARK CORP 5.30000% 13-05.12.43	7,500,000.00	8,569,072.50	0.39
USD	ENTERPRISE PRODUCTS OPERATING LLC 5.10000% 14-15.02.45	4,000,000.00	4,288,212.00	0.20
USD	FIFTH THIRD BANCORP 2.30000% 14-01.03.19	5,000,000.00	5,027,000.00	0.23
USD	GOLDMAN SACHS GROUP INC 5.75000% 12-24.01.22	13,000,000.00	15,042,105.00	0.69
USD	HSBC HOLDINGS PLC-SUB 4.25000% 14-14.03.24	1,500,000.00	1,545,067.50	0.07
USD	JOHNSON & JOHNSON 4.37500% 13-05.12.33	5,500,000.00	5,954,080.00	0.27
USD	JUNIPER NETWORKS INC 4.50000% 14-15.03.24	2,825,000.00	2,962,196.13	0.13
USD	LOWE’S COMPANIES INC 5.00000% 13-15.09.43	1,500,000.00	1,650,445.50	0.07
USD	MYLAN INC 2.55000% 13-28.03.19	3,000,000.00	3,032,964.00	0.14
USD	PPL CAPITAL FUNDING INC 3.95000% 14-15.03.24	2,000,000.00	2,086,176.00	0.09
USD	SEMPRA ENERGY 4.05000% 13-01.12.23	5,000,000.00	5,283,715.00	0.24
USD	STARBUCKS CORP 2.00000% 13-05.12.18	3,000,000.00	3,023,193.00	0.14
USD	STATE STREET CORP-SUB 3.10000% 13-15.05.23	2,500,000.00	2,441,165.00	0.11
USD	TELEFONICA EMISIONES SA 3.19200% 13-27.04.18	2,500,000.00	2,606,640.00	0.12
USD	VENTAS REALTY LP/VENTAS CAPITAL CORP 4.00000% 12-30.04.19	2,375,000.00	2,556,960.62	0.12
USD	VIRGINIA ELECTRIC & POWER CO 4.65000% 13-15.08.43	3,000,000.00	3,261,477.00	0.15
USD	WILLIAMS PARTNERS LP 4.30000% 14-04.03.24	3,500,000.00	3,636,318.00	0.17
USD	WILLIAMS PARTNERS LP 5.40000% 14-04.03.44	4,000,000.00	4,289,544.00	0.20
米ドル合計			96,893,484.94	4.43
固定利付ノート合計			96,893,484.94	4.43

固定利付ミディアム・ターム・ノート
米ドル
USD	BRANCH BANKING & TRUST CO 2.85000% 14-01.04.21	9,500,000.00	9,634,045.00	0.44
USD	JOHN DEERE CAPITAL CORP 2.80000% 14-03.04.21	7,500,000.00	7,616,730.00	0.35
米ドル合計			17,250,775.00	0.79
固定利付ミディアム・ターム・ノート合計			17,250,775.00	0.79

固定利付債券
米ドル
USD	DUKE ENERGY PROGRESS INC 4.37500% 14-30.03.44	5,000,000.00	5,223,535.00	0.24
USD	PACIFICORP 6.00000% 09-15.01.39	800,000.00	1,011,947.20	0.05
USD	UNITEDHEALTH GROUP INC 6.87500% 08-15.02.38	1,475,000.00	2,002,614.88	0.09
米ドル合計			8,238,097.08	0.38
固定利付債券合計			8,238,097.08	0.38

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
変動利付債券
米ドル
USD	ALLSTATE CORP-SUB 5.750%/3M LIBOR+293.8BP 13-15.08.53	1,575,000.00	1,683,281.25	0.08
米ドル合計			1,683,281.25	0.08
変動利付債券合計			1,683,281.25	0.08

公認の証券取引所に上場されておらず、また他の規制ある市場でも取引されていない譲渡性のある有価証券および金融商品合計			124,065,638.27	5.68

最近発行された譲渡性のある有価証券および金融商品
固定利付モゲージ・バック証券
米ドル
USD	HILTON USA TRUST-144A-SUB 4.40650% 13-01.11.30	1,750,000.00	1,810,877.25	0.08
米ドル合計			1,810,877.25	0.08
固定利付モゲージ・バック証券合計			1,810,877.25	0.08

変動利付モゲージ・バック証券
米ドル
USD	COMMERCIAL MTGE PASS-THR-144A-SUB 1M LIBOR+85BP 14-13.02.32	3,000,000.00	3,000,981.00	0.14
USD	NLY COMMERCIAL MTGE TR-144A-SUB 1M LIBOR+260BP 14-15.11.30	1,500,000.00	1,503,813.00	0.07
米ドル合計			4,504,794.00	0.21
変動利付モゲージ・バック証券合計			4,504,794.00	0.21

固定利付ノート
米ドル
USD	CONTINENTAL RESOURCES INC-144A 4.90000% 14-01.06.44	1,750,000.00	1,810,333.00	0.08
USD	DOMINION GAS HOLDINGS LLC-144A 4.80000% 13-01.11.43	5,000,000.00	5,386,000.00	0.25
USD	FIRSTENERGY TRANSMISSION LLC-144A 5.45000% 14-15.07.44	3,000,000.00	3,033,801.00	0.14
USD	GENERAL MOTORS CO-144A 6.25000% 13-02.10.43	3,500,000.00	3,976,875.00	0.18
USD	GLP CAPITAL LP / GLP FINANC II INC-144A 4.37500% 13-01.11.18	500,000.00	518,750.00	0.02
USD	GLP CAPITAL LP / GLP FINANC II INC-144A 4.87500% 13-01.11.20	1,500,000.00	1,552,500.00	0.07
USD	GLP CAPITAL LP / GLP FINANC II INC-144A 5.37500% 13-01.11.23	1,000,000.00	1,037,500.00	0.05
USD	NISSAN MOTOR ACCEPTANCE CORP-144A 2.35000% 14-04.03.19	2,000,000.00	2,015,000.00	0.09
USD	NOVA CHEMICALS CORP-144A 5.25000% 13-01.08.23	1,000,000.00	1,077,500.00	0.05
USD	WM WRIGLEY JR CO-144A 2.00000% 13-20.10.17	1,250,000.00	1,266,876.25	0.06
USD	WM WRIGLEY JR CO-144A 2.90000% 13-21.10.19	3,000,000.00	3,092,715.00	0.14
米ドル合計			24,767,850.25	1.13
固定利付ノート合計			24,767,850.25	1.13

固定利付ミディアム・ターム・ノート
米ドル
USD	JACKSON NATIONAL LIFE GLOBAL FUND-144A 2.30000% 14-16.04.19	7,500,000.00	7,542,195.00	0.35
米ドル合計			7,542,195.00	0.35
固定利付ミディアム・ターム・ノート合計			7,542,195.00	0.35

固定利付債券
米ドル
USD	GLENCORE FUNDING LLC-144A 4.62500% 14-29.04.24	8,000,000.00	8,112,800.00	0.37
米ドル合計			8,112,800.00	0.37
固定利付債券合計			8,112,800.00	0.37

最近発行された譲渡性のある有価証券および金融商品合計			46,738,516.50	2.14

公認の証券取引所に上場されておらず、また他の規制ある市場でも取引されていないデリバティブ商品
金利スワップ取引に係るオプション
米ドル
USD	JP MORGAN/CDX NA.HY.22 SWAPTION CALL 105.50000% 14-18.06.14	-100,000,000.00	-96,040.00	-0.01
USD	JP MORGAN/CDX NA.HY.22 SWAPTION PUT 107.50000% 14-18.06.14	100,000,000.00	218,638.00	0.01
米ドル合計			122,598.00	0.00
金利スワップ取引に係るオプション合計			122,598.00	0.00

公認の証券取引所に上場されておらず、また他の規制ある市場でも取引されていないデリバティブ商品合計			122,598.00	0.00

投資有価証券合計			2,125,163,034.04	97.24

銘柄						株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
デリバティブ商品
公認の証券取引所に上場されているデリバティブ商品
債券に係る金融先物
USD	US 10YR TREASURY NOTE FUTURE 19.09.14					150.00	23,438.25	0.00
USD	US 5YR TREASURY NOTE FUTURE 30.09.14					-250.00	27,341.75	0.00
USD	US LONG BOND FUTURE 19.09.14					250.00	-83,982.50	0.00
USD	US ULTRA LONG BOND (CBT) FUTURE 19.09.14					-325.00	116,795.25	0.00
債券に係る金融先物合計							83,592.75	0.00

公認の証券取引所に上場されているデリバティブ商品合計							83,592.75	0.00

デリバティブ商品合計							83,592.75	0.00

為替予約取引
為替予約取引(購入/売却)
購入通貨			売却通貨		満期日
GBP		60,555,000.00	USD	102,776,507.48	12.6.2014		-1,212,854.41	-0.05
CHF		22,935,200.00	USD	26,277,997.83	12.6.2014		-619,824.15	-0.03
EUR		211,790,000.00	USD	295,145,037.46	12.6.2014		-6,155,464.47	-0.28
EUR		3,215,000.00	USD	4,424,630.89	12.6.2014		-37,731.24	0.00
GBP		625,000.00	USD	1,051,687.50	12.6.2014		-3,429.17	0.00
CHF		389,500.00	USD	436,680.73	12.6.2014		-937.48	0.00
USD		2,230,314.88	CHF	1,994,100.00	12.6.2014		-533.95	0.00
USD		12,372,927.90	GBP	7,340,000.00	12.6.2014		62,182.07	0.00
為替予約取引(購入/売却)合計							-7,968,592.80	-0.36

銀行預金、要求払い預金および貯蓄預金ならびにその他流動資産							46,733,800.45	2.14
当座借越およびその他の短期負債							-53,908.50	0.00
その他の資産および負債							21,448,228.35	0.98
純資産合計							2,185,406,154.29	100.00

UBS(Lux)シキャブ1-USファンダメンタル・エクイティ・マーケット・ニュートラル(USD)(ルクセンブルグ籍外国投資信託)の運用状況
当ファンドは「UBSディフェンシブ・インベストメント・マザーファンド」が投資対象とする外国投資信託証券です。
ご参考として、掲載されている当ファンドの損益計算書及び投資有価証券明細表は、2014年9月30日現在の現地Annual Reportからの抜粋であり、現地の会計基準に基づき作成され、監査を受けたものです。
UBS(Lux)シキャブ1-USファンダメンタル・エクイティ・マーケット・ニュートラル(USD)(ルクセンブルグ籍外国投資信託)
連結

Statement of Operations

損益計算書
(損益項目仮訳)

自 2013年10月1日至 2014年9月30日
米ドル

Income	収益
Dividends	配当金		1,053,154.65
Income on synthetic equity swaps	シンセティック・エクイティ・スワップに係る収益		2,651,756.07
Income on securities lending	有価証券の貸付に係る収益		174,990.06
Other income	その他収益		139.32
Total income	収益合計		3,880,040.10

Expenses	費用
Interest paid on synthetic equity swaps	シンセティック・エクイティ・スワップに係る支払利息	-5,178,464.55
Performance fee	成功報酬	-89.44
Cost on securities lending	有価証券の貸付に係る費用		-69,996.02
Flat fee	均一費用		-697.68
Taxe d’abonnement	年次税		-20,438.15
Interest on cash liquidity and bank overdraft	当座借越等に係る支払利息		-172.36
Total expenses	費用合計	-5,269,858.20

Net income (loss) on investments	投資純利益(損失)	-1,389,818.10

Realized gain (loss)	実現(損)益
Realized gain (loss) on market-priced securities without options	無オプション市場価格証券に係る実現(損)益	10,149,824.78
Realized gain (loss) on yield-evaluated securities and money market instruments	利回り評価有価証券および短期金融商品に係る実現(損)益	61,395.65
Realized gain (loss) on synthetic equity swaps	シンセティック・エクイティ・スワップに係る実現(損)益	-18,189,573.20
Realized result on subscriptions/redemptions	追加設定/一部解約に係る実現損益	25,273.45
Total realized gain (loss) on investments	投資実現(損)益合計	-7,953,079.32
Realized gain (loss) on foreign exchange	為替差(損)益		-1.87
Total realized gain (loss)	実現(損)益合計	-7,953,081.19

Net realized gain (loss) of the financial year	当期実現純(損)益	-9,342,899.29

Changes in unrealized appreciation (depreciation)	未実現評価(損)益の変動
Unrealized appreciation (depreciation) on market-priced securities without options	無オプション市場価格証券に係る未実現評価(損)益	1,254,812.95
Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments	利回り評価有価証券および短期金融商品に係る未実現評価(損)益	-11,958.81
Unrealized appreciation (depreciation) on synthetic equity swaps	シンセティック・エクイティ・スワップに係る未実現評価(損)益	7,964,096.28
Total changes in unrealized appreciation (depreciation)	未実現評価(損)益の変動合計	9,206,950.42

Net increase (decrease) in net assets as a result of operations	純資産の純増(減)額	-135,948.87

2014年9月30日現在の投資有価証券その他の純資産明細表

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
公認の証券取引所に上場されている譲渡性のある有価証券および金融商品
無記名式株式
アイルランド
USD	MALLINCKRODT PLC USD0.20	26,500.00	2,388,975.00	1.18
アイルランド合計			2,388,975.00	1.18
イスラエル
USD	CHECK POINT SFTWRE ORD ILS0.01	84,015.00	5,817,198.60	2.88
USD	MELLANOX TECHNOLOG COM STK ILS0.0175	123,300.00	5,532,471.00	2.74
イスラエル合計			11,349,669.60	5.62
オランダ
USD	NXP SEMICONDUCTORS EUR0.20	102,105.00	6,987,045.15	3.46
オランダ合計			6,987,045.15	3.46
イギリス
USD	AON PLC COM USD0.01 CL A	28,900.00	2,533,663.00	1.26
USD	NOBLE CORP PLC USD0.01	137,100.00	3,046,362.00	1.51
イギリス合計			5,580,025.00	2.77
アメリカ合衆国
USD	ALNYLAM PHARMACEUTICALS INC COM	50,811.00	3,968,339.10	1.97
USD	BLUEBIRD BIO INC COM USD0.01	38,800.00	1,392,144.00	0.69
USD	BROADCOM CORP CL A COM USD0.0001	117,584.00	4,752,745.28	2.35
USD	CHIMERIX INC COM USD0.001	136,500.00	3,770,130.00	1.87
USD	DANAHER CORP COM USD0.01	56,900.00	4,323,262.00	2.14
USD	DIGITAL REALTY TRU COM STK USD0.01	104,435.00	6,514,655.30	3.23
USD	ELI LILLY AND CO COM NPV	125,067.00	8,110,594.95	4.02
USD	FREESCALE SEMI HLD COM USD0.01	173,400.00	3,386,502.00	1.68
USD	GENERAL MOTORS CO COM USD0.01	100,100.00	3,197,194.00	1.58
USD	HEARTWARE INTL INC COM USD0.001	15,500.00	1,203,265.00	0.60
USD	HERTZ GLOBAL HOLDI COM STK USD0.01	206,023.00	5,230,923.97	2.59
USD	IMPAX LABORATORIES INC COM	218,400.00	5,178,264.00	2.57
USD	KALOBIOS PHARMACEU COM USD0.001	195,000.00	302,250.00	0.15
USD	LEXICON GENETICS INC COM	964,200.00	1,359,522.00	0.67
USD	MACROGENICS INC COM USD0.01	30,700.00	641,630.00	0.32
USD	MCDERMOTT J RAY S COM USD1	445,097.00	2,545,954.84	1.26
USD	PDC ENERGY INC COM USD0.01	61,450.00	3,090,320.50	1.53
USD	PEPSICO INC CAP USD0.016666	41,900.00	3,900,471.00	1.93
USD	PHILIP MORRIS INTL COM STK NPV ‘WI’	55,200.00	4,603,680.00	2.28
USD	PNC FINL SVCS GROUP INC COM	32,038.00	2,741,812.04	1.36
USD	RALPH LAUREN CORP CLASS ‘A’ COM USD0.01	21,434.00	3,530,822.82	1.75
USD	RITE AID CORP COM	477,700.00	2,312,068.00	1.15
USD	SERVICESOURCE INTL COM USD0.00001	736,583.00	2,379,163.09	1.18
USD	THORATEC CORP COM NPV	39,100.00	1,045,143.00	0.52
USD	WALT DISNEY CO. DISNEY COM USD0.01	57,700.00	5,137,031.00	2.54
USD	WASTE MGMT INC DEL COM	58,926.00	2,800,752.78	1.39
アメリカ合衆国合計			87,418,640.67	43.32
無記名式株式合計			113,724,355.42	56.35

預託証券
イスラエル
USD	TEVA PHARMA IND ADR(CNV 1 ORD ILS0.10)	72,689.00	3,907,033.75	1.94
イスラエル合計			3,907,033.75	1.94
預託証券合計			3,907,033.75	1.94

公認の証券取引所に上場されている譲渡性のある有価証券および金融商品合計			117,631,389.17	58.29

他の規制ある市場で取引されている譲渡性のある有価証券および金融商品
ゼロ・クーポン・トレジャリービル
米ドル
USD	AMERICA, UNITED STATES OF TB 0.00000% 14.11.13-13.11.14	3,800,000.00	3,799,767.75	1.88
USD	AMERICA, UNITED STATES OF TB 0.00000% 09.01.14-08.01.15	2,000,000.00	1,999,719.43	0.99
USD	AMERICA, UNITED STATES OF TB 0.00000% 06.02.14-05.02.15	3,000,000.00	2,999,509.31	1.49
USD	AMERICA, UNITED STATES OF TB 0.00000% 10.04.14-09.10.14	13,000,000.00	12,999,853.72	6.44

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
USD	AMERICA, UNITED STATES OF TB 0.00000% 24.04.14-23.10.14	8,000,000.00	7,999,815.95	3.97
USD	AMERICA, UNITED STATES OF TB 0.00000% 01.05.14-30.10.14	7,000,000.00	6,999,941.67	3.47
USD	AMERICA, UNITED STATES OF TB 0.00000% 08.05.14-06.11.14	17,000,000.00	16,999,257.29	8.42
USD	AMERICA, UNITED STATES OF TB 0.00000% 05.06.14-04.12.14	2,000,000.00	1,999,797.76	0.99
USD	AMERICA, UNITED STATES OF TB 0.00000% 28.08.14-26.02.15	8,000,000.00	7,998,841.16	3.96
米ドル合計			63,796,504.04	31.61
ゼロ・クーポン・トレジャリービル合計			63,796,504.04	31.61

他の規制ある市場で取引されている譲渡性のある有価証券および金融商品合計			63,796,504.04	31.61

投資有価証券合計			181,427,893.21	89.90

デリバティブ商品
公認の証券取引所に上場されておらず、また他の規制ある市場でも取引されていないデリバティブ商品
シンセティック・エクイティ・スワップ
USD	MERRILL LYNCH/BROWN FORMAN CORP B (SYNTHETIC EQUITY SWAP)	-39,100.00	26,178.45	0.01
USD	MERRILL LYNCH/AMAZON.COM INC (SYNTHETIC EQUITY SWAP)	18,438.00	-163,913.82	-0.08
USD	MERRILL LYNCH/APPLE INC (SYNTHETIC EQUITY SWAP)	42,797.00	-10,699.25	-0.01
USD	MERRILL LYNCH/CHARLES SCHWAB (SYNTHETIC EQUITY SWAP)	-234,168.00	-18,733.44	-0.01
USD	MERRILL LYNCH/COGNIZANT TECHNOLOGY SO(SYNTHETIC EQUITY SWAP)	-80,468.00	49,890.16	0.02
USD	MERRILL LYNCH/COMCAST CORP NEW CL A (SYNTHETIC EQUITY SWAP)	80,788.00	-252,866.44	-0.13
USD	MERRILL LYNCH/ALLERGAN INC (SYNTHETIC EQUITY SWAP)	14,498.00	166,147.08	0.08
USD	MERRILL LYNCH/STARWOOD HOTELS&RESORT (SYNTHETIC EQUITY SWAP)	-36,172.00	36,533.72	0.02
USD	MERRILL LYNCH/SYMANTEC CORP (SYNTHETIC EQUITY SWAP)	91,724.00	-109,151.56	-0.05
USD	MERRILL LYNCH/UNITEDHEALTH GP INC (SYNTHETIC EQUITY SWAP)	55,931.00	-55,931.00	-0.03
USD	MERRILL LYNCH/US BANCORP (SYNTHETIC EQUITY SWAP)	169,167.00	-1,691.67	0.00
USD	MERRILL LYNCH/ASSOCIATED BANC CORP (SYNTHETIC EQUITY SWAP)	-216,169.00	194,552.10	0.10
USD	MERRILL LYNCH/BAXTER INTL INC COM (SYNTHETIC EQUITY SWAP)	47,493.00	-166,700.43	-0.08
USD	MERRILL LYNCH/GILEAD SCIENCES INC (SYNTHETIC EQUITY SWAP)	22,296.00	-39,463.92	-0.02
USD	MERRILL LYNCH/INTEL CORP (SYNTHETIC EQUITY SWAP)	-144,171.00	28,834.20	0.01
USD	MERRILL LYNCH/HESS CORP COM (SYNTHETIC EQUITY SWAP)	-26,550.00	127,971.00	0.06
USD	MERRILL LYNCH/HEWLETT PACKARD CO(SYNTHETIC EQUITY SWAP)	-184,189.00	287,334.84	0.14
USD	MERRILL LYNCH/JP MORGAN CHASE & CO (SYNTHETIC EQUITY SWAP)	96,887.00	98,824.74	0.05
USD	MERRILL LYNCH/PIONEER NAT RES CO COM (SYNTHETIC EQUITY SWAP)	-12,600.00	39,690.00	0.02
USD	MERRILL LYNCH/THERMO FISHER SCIEN (SYNTHETIC EQUITY SWAP)	-21,300.00	40,683.00	0.02
USD	MERRILL LYNCH/BB&T CORP COM (SYNTHETIC EQUITY SWAP)	67,500.00	-41,850.00	-0.02
USD	MERRILL LYNCH/FASTENAL CO COM (SYNTHETIC EQUITY SWAP)	-77,959.00	122,395.63	0.06
USD	MERRILL LYNCH/INVESCO LTD (SYNTHETIC EQUITY SWAP)	116,985.00	-115,815.15	-0.06
USD	MERRILL LYNCH/MONDELEZ INTL INC COM (SYNTHETIC EQUITY SWAP)	147,000.00	-195,510.00	-0.10
USD	MERRILL LYNCH/LABORATORY CORP AMER (SYNTHETIC EQUITY SWAP)	27,200.00	-147,152.00	-0.07
USD	MERRILL LYNCH/METLIFE INC COM (SYNTHETIC EQUITY SWAP)	97,593.00	-95,641.14	-0.05
USD	MERRILL LYNCH/NORTHERN TRUST CORP (SYNTHETIC EQUITY SWAP)	-33,192.00	27,217.44	0.01
USD	MERRILL LYNCH/TCF FINL CORP (SYNTHETIC EQUITY SWAP)	-223,211.00	174,104.58	0.09
USD	MERRILL LYNCH/METTLER TOLEDO INTL (SYNTHETIC EQUITY SWAP)	-16,061.00	189,198.58	0.09
USD	MERRILL LYNCH/LAMAR ADVERTISING CO (SYNTHETIC EQUITY SWAP)	-55,528.00	130,490.80	0.06
USD	MERRILL LYNCH/BIO RAD LABORATORIES (SYNTHETIC EQUITY SWAP)	43,743.00	-268,582.02	-0.13
USD	MERRILL LYNCH/PERKINELMER INC COM US (SYNTHETIC EQUITY SWAP)	-47,600.00	70,448.00	0.03
USD	MERRILL LYNCH/MORGAN STANLEY (SYNTHETIC EQUITY SWAP)	185,436.00	44,504.64	0.02
USD	MERRILL LYNCH/RED HAT INC COM (SYNTHETIC EQUITY SWAP)	-80,050.00	411,457.00	0.20
USD	MERRILL LYNCH/GENUINE PARTS CO COM (SYNTHETIC EQUITY SWAP)	-40,746.00	-6,926.82	0.00
USD	MERRILL LYNCH/HYATT HOTELS CORP COM (SYNTHETIC EQUITY SWAP)	-51,971.00	33,781.15	0.02
USD	MERRILL LYNCH/PENNEY J C INC COM (SYNTHETIC EQUITY SWAP)	181,000.00	-132,130.00	-0.07
USD	MERRILL LYNCH/IDEXX LABORATORIES COM (SYNTHETIC EQUITY SWAP)	-31,948.00	217,885.36	0.11
USD	MERRILL LYNCH/CITIGROUP INC (SYNTHETIC EQUITY SWAP)	139,778.00	-1,397.78	0.00
USD	MERRILL LYNCH/WILLIAMS-SONOMA IN COM (SYNTHETIC EQUITY SWAP)	-31,020.00	-16,750.80	-0.01
USD	MERRILL LYNCH/CHOICE HOTELS INTL IN (SYNTHETIC EQUITY SWAP)	-33,200.00	21,580.00	0.01
USD	MERRILL LYNCH/EQUITY RESIDENTIAL SH (SYNTHETIC EQUITY SWAP)	-23,780.00	71,815.60	0.04
USD	MERRILL LYNCH/ACORDA THERAPEUTICS (SYNTHETIC EQUITY SWAP)	192,852.00	557,342.28	0.28
USD	MERRILL LYNCH/MICROCHIP TECHNOLOGY (SYNTHETIC EQUITY SWAP)	-44,900.00	47,594.00	0.02
USD	MERRILL LYNCH/JABIL CIRCUIT (SYNTHETIC EQUITY SWAP)	313,200.00	-425,952.00	-0.21
USD	MERRILL LYNCH/HEALTHCARE SCVS CORP (SYNTHETIC EQUITY SWAP)	-158,729.00	-104,058.19	-0.05
USD	MERRILL LYNCH/TYCO INTERNATIONAL (SYNTHETIC EQUITY SWAP)	-97,728.00	-27,363.84	-0.01
USD	MERRILL LYNCH/NETAPP INC COM (SYNTHETIC EQUITY SWAP)	150,035.00	121,528.35	0.06
USD	MERRILL LYNCH/GANNETT CO INC (SYNTHETIC EQUITY SWAP)	-96,683.00	235,906.52	0.12
USD	MERRILL LYNCH/CELGENE CORP COM (SYNTHETIC EQUITY SWAP)	-60,436.00	-41,700.84	-0.02

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
USD	MERRILL LYNCH/MACY’S INC (SYNTHETIC EQUITY SWAP)	40,456.00	-69,988.88	-0.03
USD	MERRILL LYNCH/HOSPIRA INC COM (SYNTHETIC EQUITY SWAP)	81,155.00	-90,893.60	-0.06
USD	MERRILL LYNCH/LEXMARK INTL NEW CL A (SYNTHETIC EQUITY SWAP)	-95,951.00	702,361.32	0.35
USD	MERRILL LYNCH/PITNEY BOWES INC COM (SYNTHETIC EQUITY SWAP)	-220,893.00	494,800.32	0.25
USD	MERRILL LYNCH/MICRON TECHNOLOGY INC (SYNTHETIC EQUITY SWAP)	137,265.00	297,865.05	0.15
USD	MERRILL LYNCH/ADVANCED MICRO DEVICES (SYNTHETIC EQUITY SWAP)	-643,342.00	431,039.14	0.21
USD	MERRILL LYNCH/STAPLES (SYNTHETIC EQUITY SWAP)	-203,000.00	140,415.10	0.07
USD	MERRILL LYNCH/AMER INTL GRP COM USD (SYNTHETIC EQUITY SWAP)	-112,981.00	150,264.73	0.07
USD	MERRILL LYNCH/LINCOLN NATL CORP IND (SYNTHETIC EQUITY SWAP)	76,240.00	-49,556.00	-0.02
USD	MERRILL LYNCH/STERIS CORP COM NPV (SYNTHETIC EQUITY SWAP)	-43,840.00	110,038.40	0.05
USD	MERRILL LYNCH/SVB FINANCIAL GROUP (SYNTHETIC EQUITY SWAP)	-30,644.00	60,062.24	0.03
USD	MERRILL LYNCH/SIGNATURE BANK (SYNTHETIC EQUITY SWAP)	-29,136.00	124,702.08	0.06
USD	MERRILL LYNCH/CITY NATIONAL CORP (SYNTHETIC EQUITY SWAP)	-26,260.00	53,045.20	0.03
USD	MERRILL LYNCH/KRAFT FOODS INC CL A (SYNTHETIC EQUITY SWAP)	-64,050.00	98,431.00	0.05
USD	MERRILL LYNCH/WRIGHT MED GROUP INC (SYNTHETIC EQUITY SWAP)	-98,374.00	83,617.90	0.04
USD	MERRILL LYNCH/MERIDIAN BIOSCIENCE (SYNTHETIC EQUITY SWAP)	-103,663.00	123,358.97	0.06
USD	MERRILL LYNCH/UNDER ARMOUR INC (SYNTHETIC EQUITY SWAP)	-60,638.00	61,850.76	0.03
USD	MERRILL LYNCH/LYONDELLBASELL (SYNTHETIC EQUITY SWAP)	-23,697.00	113,508.63	0.06
USD	MERRILL LYNCH/PUBLIC STORAGE COM USD (SYNTHETIC EQUITY SWAP)	-11,026.00	74,535.76	0.04
USD	MERRILL LYNCH/FIFTH THIRD BANCP (SYNTHETIC EQUITY SWAP)	188,772.00	-81,171.96	-0.04
USD	MERRILL LYNCH/HARTFORD FI SVCS GRP (SYNTHETIC EQUITY SWAP)	-87,525.00	-9,627.75	0.00
USD	MERRILL LYNCH/ABBVIE INC (SYNTHETIC EQUITY SWAP)	-91,332.00	-52,059.24	-0.03
USD	MERRILL LYNCH/DIEBOLD INCORPORATED (SYNTHETIC EQUITY SWAP)	-89,850.00	280,332.00	0.14
USD	MERRILL LYNCH/STERICYCLE INC (SYNTHETIC EQUITY SWAP)	-22,296.00	29,876.64	0.01
USD	MERRILL LYNCH/ABAXIS INC COM(SYNTHETIC EQUITY SWAP)	-53,381.00	-92,882.94	-0.05
USD	MERRILL LYNCH/UTD THERAPEUTIC COM (SYNTHETIC EQUITY SWAP)	-32,012.00	-216,721.24	-0.11
USD	MERRILL LYNCH/FIRST SOLAR INC COM ST (SYNTHETIC EQUITY SWAP)	-57,400.00	296,184.00	0.15
USD	MERRILL LYNCH/ ZIMMER HLDGS INC COM (SYNTHETIC EQUITY SWAP)	-21,938.00	92,139.60	0.05
USD	MERRILL LYNCH/ELECTRONIC ARTS (SYNTHETIC EQUITY SWAP)	-113,000.00	248,600.00	0.12
USD	MERRILL LYNCH/SBA COMMUNICATIONS COM (SYNTHETIC EQUITY SWAP)	-40,000.00	77,200.00	0.04
USD	MERRILL LYNCH/YUM BRANDS INC (SYNTHETIC EQUITY SWAP)	78,800.00	-48,068.00	-0.02
USD	MERRILL LYNCH/NEW YORK CMNTY BANCORP (SYNTHETIC EQUITY SWAP)	-220,961.00	17,676.88	0.01
USD	MERRILL LYNCH/STIFEL FINANCIAL COM (SYNTHETIC EQUITY SWAP)	-45,934.00	11,483.50	0.01
USD	MERRILL LYNCH/CAPITAL ONE FIN CORP (SYNTHETIC EQUITY SWAP)	70,834.00	27,625.26	0.01
USD	MERRILL LYNCH/BANK NEW YORK MELLON (SYNTHETIC EQUITY SWAP)	-91,800.00	36,720.00	0.02
USD	MERRILL LYNCH/PEOPLE’S UNITED FIN (SYNTHETIC EQUITY SWAP)	-113,850.00	27,176.00	0.01
USD	MERRILL LYNCH/APPLIED MATLS INC COM (SYNTHETIC EQUITY SWAP)	308,400.00	-234,384.00	-0.12
USD	MERRILL LYNCH/PAREXEL INTL CORP COM(SYNTHETIC EQUITY SWAP)	-23,900.00	-71,461.00	-0.04
USD	MERRILL LYNCH/DENTSPLY INTL INC NEW(SYNTHETIC EQUITY SWAP)	-35,900.00	61,030.00	0.03
USD	MERRILL LYNCH/WENDY’S COMPANY COM (SYNTHETIC EQUITY SWAP)	-346,000.00	-83,040.00	-0.04
USD	MERRILL LYNCH/ PATTERSON COMPANIES(SYNTHETIC EQUITY SWAP)	-38,700.00	-24,768.00	-0.01
USD	MERRILL LYNCH/NETFLIX INC COM(SYNTHETIC EQUITY SWAP)	-8,600.00	285,606.00	0.14
USD	MERRILL LYNCH/WEBMD HEALTH CORP CL A(SYNTHETIC EQUITY SWAP)	-38,350.00	283,790.00	0.14
USD	MERRILL LYNCH/BIO-REFERENCE LABS INC(SYNTHETIC EQUITY SWAP)	-48,200.00	49,646.00	0.02
USD	MERRILL LYNCH/SAGENT PHARMACEUTI COM(SYNTHETIC EQUITY SWAP)	-81,100.00	-207,616.00	-0.10
USD	MERRILL LYNCH/MCCORMICK & CO INC COM (SYNTHETIC EQUITY SWAP)	-53,150.00	82,788.12	0.04
USD	MERRILL LYNCH/BEST BUY CO INC (SYNTHETIC EQUITY SWAP)	91,100.00	116,608.00	0.06
USD	MERRILL LYNCH/CLOROX CO DEL COM (SYNTHETIC EQUITY SWAP)	-33,450.00	-204,045.00	-0.10
USD	MERRILL LYNCH/CONSTELLATION BRANDS IN(SYNTHETIC EQUITY SWAP)	-39,200.00	-38,024.00	-0.02
USD	MERRILL LYNCH/FLEXTRONICS INTL(SYNTHETIC EQUITY SWAP)	-361,000.00	263,530.00	0.13
USD	MERRILL LYNCH//TD AMERITRADE HOLDING (SYNTHETIC EQUITY SWAP)	-106,300.00	-46,772.00	-0.02
USD	MERRILL LYNCH/MONSANTO COM STK USD0. (SYNTHETIC EQUITY SWAP)	23,600.00	-11,800.00	-0.01
USD	MERRILL LYNCH/BUFFALO WILD WINGS COM (SYNTHETIC EQUITY SWAP)	-21,750.00	313,852.50	0.16
USD	MERRILL LYNCH/ENDO INTERNATIONAL COM(SYNTHETIC EQUITY SWAP)	-40,800.00	-146,880.00	-0.07
USD	MERRILL LYNCH/FORD MOTOR (SYNTHETIC EQUITY SWAP)	225,700.00	-415,288.00	-0.21
USD	MERRILL LYNCH/ASTORIA FINL CORP COM (SYNTHETIC EQUITY SWAP)	-165,100.00	115,570.00	0.06
USD	MERRILL LYNCH/REPLIGEN CORP COM(SYNTHETIC EQUITY SWAP)	-83,900.00	-67,959.00	-0.03
USD	MERRILL LYNCH/ZILLOW INC COM USD(SYNTHETIC EQUITY SWAP)	-22,000.00	365,200.00	0.18
USD	MERRILL LYNCH/SKYWORKS SOLUTIONS INC (SYNTHETIC EQUITY SWAP)	-50,900.00	-103,836.00	-0.05
USD	MERRILL LYNCH/RF MICRODEVICES INC CO(SYNTHETIC EQUITY SWAP)	-240,400.00	197,128.00	0.10
USD	MERRILL LYNCH/FMC TECHNOLOGIES INC CO(SYNTHETIC EQUITY SWAP)	-41,500.00	128,235.00	0.06
USD	MERRILL LYNCH/HELMERICH & PAYNE INC(SYNTHETIC EQUITY SWAP)	-21,500.00	67,295.00	0.03
USD	MERRILL LYNCH/LEUCADIA NATL CORP COM(SYNTHETIC EQUITY SWAP)	-78,600.00	152,484.00	0.08
USD	MERRILL LYNCH/WESTAMERICA BANCORPORA (SYNTHETIC EQUITY SWAP)	-40,300.00	114,049.00	0.06
USD	MERRILL LYNCH/ZELTIQ AESTHETICS (SYNTHETIC EQUITY SWAP)	-80,450.00	71,335.02	0.04
USD	MERRILL LYNCH/CAVIUM INC USD0.001(SYNTHETIC EQUITY SWAP)	-49,850.00	75,732.12	0.04

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
USD	MERRILL LYNCH/FIRST NIAGARA FINL GP I(SYNTHETIC EQUITY SWAP)	-192,400.00	56,161.56	0.03
USD	MERRILL LYNCH/IBERIABANK CORP COM(SYNTHETIC EQUITY SWAP)	-25,750.00	54,445.80	0.03
USD	MERRILL LYNCH/ENANTA PHARMACEUTI COM (SYNTHETIC EQUITY SWAP)	-34,000.00	43,877.30	0.02
USD	MERRILL LYNCH/TRAVELERS CO INC COM (SYNTHETIC EQUITY SWAP)	-22,400.00	-17,248.00	-0.01
USD	MERRIL LYNCH/VOYA FINL INC COM USD (SYNTHETIC EQUITY SWAP)	-42,650.00	-63.98	.
USD	MERRIL LYNCH/ INTREXON CORP COM (SYNTHETIC EQUITY SWAP)	-66,200.00	36,410.00	0.02
USD	MERRILL LYNCH/LENNAR CORP CL A (SYNTHETIC EQUITY SWAP)	42,000.00	-45,343.20	-0.02
USD	MERRILL LYNCH/EXPEDIA INC DEL COM (SYNTHETIC EQUITY SWAP)	-22,950.00	-47,304.54	-0.02
USD	MERRILL LYNCH/WALGREEN CO (SYNTHETIC EQUITY SWAP)	34,400.00	-77,940.08	-0.04
シンセティック・エクイティ・スワップ合計			5,778,848.60	2.86

公認の証券取引所に上場されておらず、また他の規制ある市場でも取引されていないデリバティブ商品合計			5,778,848.60	2.86

デリバティブ商品合計			5,778,848.60	2.86

銀行預金、要求払い預金および貯蓄預金ならびにその他流動資産			23,078,821.55	11.44
当座借越およびその他の短期負債			-903,703.80	-0.45
その他の資産および負債			-7,560,218.34	-3.75
純資産合計			201,821,641.22	100.00

UBS(Irl)インベスター・セレクションPLC-UBS(Irl)フィクスド・インカム・グローバル・オポチュニティーズ・ファンド(USD)(アイルランド籍外国投資信託)の運用状況
当ファンドは「UBSディフェンシブ・インベストメント・マザーファンド」が投資対象とする外国投資信託証券です。
ご参考として、掲載されている当ファンドの損益計算書及び投資有価証券明細表は、2014年9月30日現在の現地Annual Reportからの抜粋であり、現地の会計基準に基づき作成され、監査を受けたものです。
UBS(Irl)インベスター・セレクションPLC-UBS(Irl)フィクスド・インカム・グローバル・オポチュニティーズ・ファンド(USD)(アイルランド籍外国投資信託)
連結

Statement of Comprehensive Income

損益計算書
(損益項目仮訳)

自 2013年10月1日至 2014年9月30日
米ドル

Income	収益
Interest income	受取利息	6,542,888
Net (losses)/gains on financial assets and liabilities at fair value through profit or loss	金融資産及び負債に係る評価(損)益	(6,129,744)
Net gains on foreign exchange	為替予約取引に係る費用	3,103
Net investment income	投資純利益	416,247

Expenses	費用
Operating expenses:	営業費用
Management fees	管理費用等	267,797
Performance fee	成功報酬	174,254
Other fees	その他費用	1,057,086
Operating expenses before finance costs	金融費用控除前営業費用	1,499,137

Net (loss)/income from operations before finance costs	金融費用控除前営業利益(損失)	(1,082,890)
Change in net assets attributable to holders of redeemable participating shares	償還可能参加証券保有者に帰属する純資産変動額	(1,082,890)

2014年9月30日現在の投資有価証券その他の純資産明細表

銘柄	株数/額面	米ドル建評価額	純資産比率 (%)
金融資産の公正な価額での評価益または評価損
公認の証券取引所に上場されているまたは規制ある市場で取引されている譲渡性のある有価証券
債券
アルゼンチン
Argentina Flt, 15/12/2035	1,300,000	95,407	0.03
Argentina, 15/12/2035	1,300,000	98,345	0.03
Argentina, 7.00%, 03/10/2015	1,230,000	1,143,900	0.34
オーストラリア
Crown Grp Fin, 5.75%, 18/07/2017	1,810,000	1,653,244	0.50
Dbngp Finc Co, 6.00%, 11/10/2019	1,000,000	916,982	0.28
Syd Air Finc Co, 8.00%, 06/07 /2015	1,000,000	904,172	0.27
ベラルーシ
Belarus, 8.75%, 03/08/2015	3,000,000	3,060,000	0.92
バミューダ
China Oil and Gas Group, 5.25%, 25/04/2018	910,000	931,576	0.28
ブラジル
Banbra, 9.00%, 31/12/2049	1,130,000	1,096,213	0.33
Brazil, 6.00%, 15/05/2045	4,500,000	4,556,858	1.37
Brazil, 6.00%, 15/08/2050	1,565,000	1,548,910	0.47
Caixa Economica Caixbr, 2.375%, 11/06/2017	3,445,000	3,333,038	1.00
Eletrobras, 5.75%, 27/10/2021	1,725,000	1,738,800	0.52
カナダ
Barrick Gold, 3.85%, 01/04/2022	2,700,000	2,597,324	0.78
Nova Chemicals Corp%, 5.25%, 01/08/2023	1,610,000	1,674,400	0.50
Yamana Gold, 4.95%, 15/07/2024	1,640,000	1,632,566	0.49
ケイマン諸島
Kaisa Group, 10.25%, 08/01/2020	900,000	934,569	0.28
Petrobras Intl, 5.38%, 27/01/2021	4,150,000	4,210,798	1.27
Petrobras Intl, 6.75%, 27/01/2041	1,085,000	1,114,295	0.34
Shanshui Cement, 10.50%, 27/04/2017	200,000	208,996	0.06
Vale Overseas, 4.38%, 11/01/2022	1,850,000	1,863,561	0.56
コロンビア
Ecopetrol SA, 4.125%, 16/01/2025	1,100,000	1,064,250	0.32
コスタリカ
Bco Nac C R, 4.88%, 01/11/2018	1,900,000	1,914,250	0.58
クロアチア
Agrokor Dd, 8.88%, 01/02/2020	1,808,000	1,979,760	0.60
Croatia, 6.25%, 27/04/2017	3,130,000	3,325,625	1.00
エクアドル
Ecuador, 9.38%, 15/12/2015	230,000	240,350	0.07
Republic of Ecuador, 7.95%, 20/06/2024	300,000	313,500	0.09
フランス
Acafp, 7.875%, Perpetual 144A	850,000	858,500	0.26
ガボン
Gabonese Republic, 6.375%, 12/12/2024	1,000,000	1,065,000	0.32
ジョージア
Georgian Rail, 7.75%, 11/07/2022	500,000	561,875	0.17
ドイツ
Trionista Holdco, 5.00%, 30/04/2020	1,225,000	1,597,774	0.48
Unitymedia Hess, 5.50%, 15/01/2023 144A	950,000	959,500	0.29
Upc Germany, 9.625%, 01/12/2019	2,400,000	3,202,036	0.96
ガーナ
Ghana, 23.00%, 21/08/2017 USD	2,100,000	650,468	0.20
Ghana, 7.88%, 07/08/2023	441,940	443,045	0.13
Ghana, 8.50%, 04/10/2017	837,000	897,682	0.27
Republic of Ghanam 8.125%, 18/01/2026	300,000	300,750	0.09
ギリシャ
Greece Flt, 24/02/2024	1,580,000	1,546,949	0.47
Greece Flt, 24/02/2026	880,000	804,397	0.24
Greece Flt, 24/02/2031	1,590,000	1,312,599	0.40
香港
Gemdale Intr Inv, 7.13%, 16/11/2017	600,000	608,898	0.18

銘柄	株数/額面	米ドル建評価額	純資産比率 (%)
債券(つづき)
インドネシア
Pertamina Persero Pt, 6.45%, 30/05/2044	1,050,000	1,061,991	0.32
Pertamina, 6.00%, 03/05/2042	400,000	382,220	0.12
アイルランド
Bank of Ireland, 4.00%, 28/01/2015	450,000	575,170	0.17
Veb Finance, 6.80%, 22/11/2025	800,000	777,672	0.23
Veb Finance, 6.90%, 09/07/2020	300,000	303,615	0.09
Xl Capital Ltd Flt, 31/12/2049	1,700,000	1,644,750	0.50
カザフスタン
Nak Kazatomprom, 6.25%, 20/05/2015	900,000	916,416	0.28
ルクセンブルグ
Arcelormitta, 5.00%, 25/02/2017	650,000	672,685	0.20
Arcelormittal, 5.50%, 01/03/2021	3,500,000	3,679,375	1.11
Bank Vtb, 6.95%, 17/10/2022	1,350,000	1,292,625	0.39
Cirsa Funding, 8.75%, 15/05/2018	950,000	1,240,362	0.37
Heidelbgcement, 8.50%, 31/10/2019	2,500,000	4,094,951	1.23
Intelsat Jackson, 7.50%, 01/04/2021	2,895,000	3,090,413	0.93
Pacific Drilling, 5.38%, 01/06/2020	2,700,000	2,470,500	0.74
Rshb Capital, 7.75%, 29/05/2018	650,000	680,875	0.21
Russian Agricultural Bank Ojsc Via Rshb, 5.10%, 25/07/2018	600,000	578,838	0.17
Vtb Capit, 6.47%, 04/03/2015	1,000,000	1,007,500	0.30
マレーシア
Ssg Resources, 4.25%, 04/10/2022	830,000	840,396	0.25
メキシコ
Cemex, 5.88%, 25/03/2019	1,700,000	1,708,500	0.51
Cemex Sab De Cv, 5.70%, 11/01/2025	825,000	794,887	0.24
Cemex, 7.25%, 15/01/2021 144A	1,400,000	1,482,320	0.45
Fermaca Enterprises S Rl, 6.375%, 30/03/2028	850,000	890,375	0.27
Mexico, 4.00%, 15/11/2040	3,170,000	1,332,145	0.40
モロッコ
Office Cherifien Des Pho, 5.625%, 25/04/2024	350,000	364,070	0.11
オランダ
EDP Finance, 4.75%, 26/09/2016	800,000	1,074,349	0.32
EDP Finance, 4.90%, 01/10/2019	3,500,000	3,614,275	1.09
Fbn Finance Co BV, 8.00%, 23/07/2021	1,350,000	1,361,813	0.41
Generali Fin BV Float Perpectual	550,000	903,028	0.27
Kazkhtn Temir ZH, 6.95%, 10/07/2042	700,000	755,636	0.23
Petrobras Global Finance Petbra, 3.25%, 17/03/2017	320,000	323,093	0.10
ナイジェリア
Nigeria, 5.13%, 12/07/2018	1,200,000	1,233,000	0.37
ノルウェー
Eksportfinans, 0.89%, 16/06/2015	200,000,000	1,802,817	0.54
Eksportfinans, 5.50%, 25/05/2016	960,000	1,011,936	0.31
Eksportfinans, 5.50%, 26/06/2017	500,000	538,750	0.16
パキスタン
Pakistan, 7.13%, 31/03/2016	115,000	116,725	0.04
ロシア
Russian Federation, 7.00%, 25/01/2023	43,500,000	960,068	0.29
シンガポール
Flextronics Intl Ltd., 5.00%, 15/02/2023	1,120,000	1,114,127	0.34
Olam Intl, 5.75%, 20/09/2017	1,200,000	1,264,416	0.38
南アフリカ
Eskom Holdings Limited, 6.75%, 06/08/2023	650,000	676,812	0.20
スペイン
BBVA US Senior, 4.664%, 09/10/2015	2,890,000	2,999,204	0.90
Santandr US Debt, 3.72%, 20/01/2015	4,100,000	4,135,051	1.25
スリランカ
Ntnl Savings Bank. 8.88%, 18/09/2018	1,500,000	1,708,125	0.51
スイス
Credit Suisse Group AG, 6.25%, 29/12/2049	645,000	624,037	0.19
トルコ
Turkey, 7.00%, 01/10/2014	1,400,000	911,887	0.28
Turkiye Halk Bank, 3.88%, 05/02/2020	1,550,000	1,459,713	0.44
Turkiye Vakiflar, 5.00%, 31/10/2018	1,050,000	1,057,665	0.32

銘柄	株数/額面	米ドル建評価額	純資産比率 (%)
債券(つづき)
イギリス
Aviv Float, 14/11/2036	480,000	846,388	0.26
Barclays Bank, 6.05%, 04/12/2017	1,910,000	2,123,087	0.64
Barclays Plc, 4.375%, 11/09/2024	1,280,000	1,240,525	0.37
Hbos, 4.875%, 20/03/2015	750,000	964,283	0.29
Hbos, 6.75%, 21/05/2018	2,340,000	2,646,900	0.80
Hsbc Holdings Plc, 6.375%, 29/12/2049	480,000	479,400	0.14
Lloyds Tsb Bank, 6.50%, 14/09/2020	590,000	685,974	0.21
Lloyds Tsb Bank, 6.50%, 24/03/2020	3,900,000	6,048,676	1.82
Royal Bank Scotland Group Plc, 5.125%, 28/05/2024	900,000	884,305	0.27
Royal Bank Scotland Group Plc, 6.10%, 10/06/2023	4,470,000	4,719,846	1.42
アメリカ合衆国
Abxcn, 5.75%, 01/05/2043	750,000	742,261	0.22
Access Mid, 4.88%, 15/05/2023	1,750,000	1,795,938	0.54
Adt, 3.50%, 15/07/2022	2,200,000	1,903,000	0.57
Allstate Corp Allstate Corp, 5.75%, 15/08/2053	1,580,000	1,682,700	0.51
Ally Financial Inc, 3.50%, 27/01/2019	1,750,000	1,701,875	0.51
California Build America Bonds, 7.55%	1,150,000	1,678,632	0.51
California St Build America Bonds, 7.3%, 01/10/2039	700,000	976,626	0.29
Case New Holl, 7.88%, 01/12/2017	4,150,000	4,611,688	1.39
Cemex, 6.00%, 01/04/2024 144A	900,000	897,480	0.27
Cit Group, 5.00%, 15/05/2017	1,500,000	1,537,500	0.46
Cit Group, 5.00%, 15/08/2022	2,450,000	2,456,125	0.74
Citigroup Inc, 0.00%, 13/04/2015	190,000,000	1,102,231	0.33
Citigroup Inc, 6.30%, 29/12/2049	3,100,000	3,061,560	0.92
Citigroup, Float 31/05/2017	5,300,000	6,633,294	2.00
CQP, 6.25%, 15/03/2022	900,000	947,250	0.29
Dish Dbs, 7.88%, 01/09/2019	3,620,000	4,090,600	1.23
El Paso, 7.00%, 15/06/2017	850,000	937,125	0.28
El Paso, 7.25%, 01/06/2018	1,600,000	1,818,000	0.55
Energy Transfer, 6.05%, 01/06/2041	1,250,000	1,361,359	0.41
Energy Transfer, 9.00%, 15/04/2019	670,000	839,556	0.25
Fidelity Natal, 5.50%, 01/09/2022	440,000	477,906	0.14
Firstenergy Transmission, 5.45%, 15/07/2044	550,000	556,865	0.17
Frontier Com, 7.13%, 15/01/2023	2,100,000	2,142,000	0.65
General Motors Co, 3.50%, 02/10/2018	800,000	813,000	0.25
General Motors Finl Co, 4.75%, 15/08/2017	2,900,000	3,037,750	0.92
General Motors Finl, 3.00%, 25/09/2017	1,960,000	1,979,600	0.60
Glencore Fndg, 2.50%, 15/01/2019	1,080,000	1,057,234	0.32
Glencore Funding Llc, 4.625%, 29/04/2024	925,000	932,307	0.28
Illinois St, 5.877%, 01/03/2019	1,050,000	1,166,372	0.35
Intl Lease, 8.63%, 15/09/2015	3,400,000	3,595,840	1.08
Kinder Morgan Fin, 5.70%, 05/01/2016	2,750,000	2,835,938	0.85
Merrill Lynch, 4.625%, 14/09/2018	3,200,000	4,558,930	1.37
Metlife Float, 15/12/2066	4,264,000	4,754,360	1.43
Midstates Petro, 10.75%, 01/10/2020	3,400,000	3,527,500	1.06
Morgan Stanley, 6.63%, 01/04/2018	2,750,000	3,149,366	0.95
Plains Expllrtn, 6.88%, 15/02/2023	996,000	1,130,460	0.34
Plains Explrtn, 6.50%, 15/11/2020	1,188,000	1,301,003	0.39
Pnc Pref Fndg Flt Perpectual 144A	2,400,000	2,334,000	0.70
Prudential Financial Inc, 15/03/2044	1,950,000	1,963,406	0.59
Prudential Finl Float, 19/09/2042	500,000	530,000	0.16
Qvcn, 4.45%, 15/02/2025	650,000	641,598	0.19
Reynolds American Inc Rai, 6.15%, 15/09/2043	300,000	343,180	0.10
Sanmina-Sci, 7.00%, 15/05/2019	1,097,000	1,149,107	0.35
Slm, 3.88%, 10/09/2015	2,020,000	2,045,250	0.62
Starwood Hotels & Resort, 3.75%, 15/03/2025	640,000	630,584	0.19
Starwood Hotels & Resort, 4.50%, 01/10/2034	430,000	418,140	0.13
State of Illinois Municipal Bond, 5.665%, 01/03/2018	1,700,000	1,881,798	0.57
US Treasury Str, 15/05/2040	30,000,000	13,105,380	3.95
US Treasury, 0.00%, 15/08/2042	8,750,000	3,468,605	1.04
US Treasury, 0.25%, 30/11/2015	7,600,000	7,604,750	2.29
US Treasury, 2.00%, 15/02/2022 Sr:B-2022	6,000,000	5,893,128	1.78
US Treasury, 2.38%, 15/08/2024	7,825,000	7,734,527	2.33
Valeant Pharma, 7.00%, 01/10/2020	1,220,000	1,274,900	0.38

銘柄	株数/額面	米ドル建評価額	純資産比率 (%)
債券(つづき)
Wesco Distribution Inc, 5.375 %, 15/12/2021	600,000	595,500	0.18
Witeh 2014-1A C, 2.75%, 05/01/2026	1,000,000	962,500	0.29
Xerox Corporation, 3.80%, 15/05/2024	1,400,000	1,380,219	0.42
ベネズエラ
Petro Venezuela, 5.25%, 12/04/2017	1,300,000	900,445	0.27
Petro Venezuela, 8.50%, 02/11/2017	1,150,000	894,125	0.27
Petro Venezuela, 9.00%, 17/11/2021	385,000	256,987	0.08
Venezuela, 8.25%, 13/10/2024	3,300,000	2,095,500	0.63
ザンビア
Republic of Zambia, 8.50%, 14/04/2024	550,000	624,937	0.19
債券合計		277,649,521	83.61

ABS(REMICを含む)
アメリカ合衆国
Saxon Asset Securities Trust (Series 2006-2 Class A3C)	2,975,000	1,552,914	0.47
ABS(REMICを含む)合計		1,552,914	0.47

公認の証券取引所に上場されているまたは規制ある市場で取引されている譲渡性のある有価証券合計		279,202,435	84.08

その他譲渡性のある有価証券
ABS(REMICを含む)
ケイマン諸島
AIMCO 2014-AA C1	500,000	482,500	0.15
Apidos CDO ( Series 2013-14A Class C1)	1,150,000	1,118,375	0.34
Ares CLO Ltd (Series 2013-2A Class C)	1,000,000	970,000	0.29
BABSN 2013-IIA B1	1,350,000	1,320,273	0.40
Bluemountain CLO Ltd (Series 2013-1A Class B)	1,150,000	1,108,589	0.33
Bluemountain CLO Ltd (Series 2013-1A Class C)	830,000	805,598	0.24
CFIC Funding Ltd ( Series 2013-3A Class B)	950,000	909,900	0.27
CFIC Funding Ltd ( Series 2014-1A Class C)	625,000	609,375	0.18
CRMN 2014-2A B	1,000,000	974,600	0.29
Denali Capital CLO X Ltd ( Series 2013-1A Class A3L)	1,250,000	1,218,750	0.37
Galaxy CLO (Series 2013-15A Class C)	1,300,000	1,251,250	0.38
Galaxy CLO (Series 2014-18A Class C1)	1,100,000	1,078,000	0.33
GOLD8 2014-8A D	450,000	439,155	0.13
JFIN 2014-1A C	350,000	341,250	0.10
KKR Financial CLO Ltd (Series 2013-1A Class B)	1,150,000	1,098,791	0.33
Marathon CLO Ltd (Series 2013-5A Class A2A)	1,290,000	1,289,484	0.39
Octogan Investment Partners XVII Ltd (Series 2013-1A Class C)	400,000	386,600	0.12
Octogan Investment Partners XVIX Ltd (Series 2014-1A Class C)	525,000	518,217	0.16
OZLM 2014-8A B	1,150,000	1,120,215	0.34
Race Point CLO (Series 2013-8A Class C)	880,000	864,600	0.26
WOODS 2014-12A C	1,400,000	1,372,980	0.41
オランダ
Boyne Valley BV (Series 1X Class F)	1,700,000	730,158	0.22
Cadogan Square CLO (Series 2X Class M)	2,000,000	1,288,515	0.39
アメリカ合衆国
Acre 2010 - Arta D, 14/01/2029	770,000	874,812	0.26
AFIN 2014-1 D	575,000	583,030	0.18
Americold LLC Trust (Series 2010-ARTA Class C)	300,000	347,394	0.11
Boca Hotel Portfolio Trust ( Series 2013-BOCA Class D)	700,000	700,554	0.21
COMM Mortgage Trust (Series 2012-LC4 Class B)	750,000	811,756	0.24
COMM Mortgage Trust (Series 2013-LC13 Class C)	1,000,000	1,063,618	0.32
ESA 2013-ESH7 B7	500,000	506,731	0.15
Fannie Mae REMIC Trust (Series 2013-15 Class IO)	5,799,814	606,911	0.18
Fannie Mae REMIC Trust (Series 2013-64 Class LI)	5,451,548	865,215	0.26
Fannie Mae REMIC Trust (Series 2013-87 Class IW)	8,708,664	923,273	0.28
Fannie Mae REMIC Trust 2012-146	4,668,225	1,015,045	0.31
Freddie Mac REMIC (Series 4121 Class UI)	3,862,574	864,261	0.26
Freddie Mac REMIC Series 4043	2,708,622	283,532	0.09
Government National Mortgage Assoc (Series 2013-22 Class IO)	5,050,000	949,697	0.29
GSMS 2014-GC18 C	1,250,000	1,300,815	0.39
Irvine Core Office Trust (Series 2013-IRV Class C)	250,000	236,763	0.07
JPMCC 2013-JWRZ D	1,000,000	1,002,658	0.30
MAD 2013-650M D 144A	500,000	506,218	0.15

銘柄					株数/額面	米ドル建評価額	純資産比率 (%)
ABS(REMICを含む)(つづき)
MSBAM 2013-C10 C					1,250,000	1,234,278	0.37
MSBAM 2014-C14 C					1,300,000	1,355,231	0.41
Well Fargo Commercial Mortgage Trust (Series 2013-120B Class C)					1,000,000	971,552	0.29
WF-RBS Commercial Mortgage Trust (Series 2013-C12 Class B)					1,000,000	1,004,374	0.30
ABS(REMICを含む)合計						39,304,893	11.84

その他クレジットリンク債
ケイマン諸島
Hla 2014-3A C1, 3.2346%, 10/22/2025					1,750,000	1,699,775	0.51
アメリカ合衆国
Comm 2014-LC17 C, 4.564%, 10/10/2047					1,000,000	1,005,765	0.30
その他クレジットリンク債合計						2,705,540	0.81

その他譲渡性のある有価証券合計						42,010,433	12.65

規制ある市場で取引されている金融デリバティブ商品
先物
その他
3 Month EUR$, December					120	104,230	0.03
3 Month EUR$, June					120	176,236	0.05
3 Month EUR$, March					120	137,266	0.04
3 Month EUR$, September					120	216,415	0.07
US T Bonds, December					(138)	26,375	0.01
先物合計						660,522	0.20

オプション
カバードオプション
TY-US AON strike 122 expire December Put					672	105,000	0.03
TY-US AON strike 125 expire December Call					672	483,000	0.15
US 5Yr Notes strike 118.00 expire December Put					456	110,438	0.03
US 5Yr Notes strike 118.50 expire December Call					900	210,937	0.06
US T Bonds strike 135 expire December Put					684	160,312	0.05
US T Bonds strike 139 expire December Call					684	459,563	0.14
カバードオプション合計						1,529,250	0.46

アンカバードオプション
3 Month Euro$ strike 97.75 expire December Put					2,495	652,681	0.20
3 Month Euro$ strike 97.75 expire June Put					778	403,588	0.12
3 Month Euro$ strike 98.00 expire December Call					1,925	348,906	0.11
3 Month Euro$ strike 98.00 expire December Put					1,925	1,335,469	0.40
3 Month Euro$ strike 99.25 expire June Put					1,662	238,913	0.07
3 Month Euro$ strike 99.25 expire March Put					600	3,750	-
アンカバードオプション合計						2,983,307	0.90

オプション合計						4,512,557	1.36

規制ある市場で取引されている金融デリバティブ商品合計						5,173,079	1.56

店頭取引金融デリバティブ商品
外貨先渡取引
売却通貨		購入通貨			取引レート・満期日	米ドルに係る未実現損益	純資産比率
AUD	5,430,000	USD	5,043,710	JPMorgan Chase Bank, NA	1.0766, 04/12/2014	314,145	0.09
BRL	1,250,000	USD	532,028	Goldman Sachs International Treasury	2.3495, 17/12/2014	32,542	0.01
BRL	8,374,880	USD	3,557,119	Credit Suisse International	2.3544, 17/12/2014	210,607	0.06
BRL	4,209,280	USD	1,785,030	Credit Suisse International	2.3581, 17/12/2014	103,047	0.03
CHF	9,070,000	USD	9,911,555	Morgan Stanley & Co International	0.9151, 04/12/2014	413,848	0.13
EUR	38,275,000	USD	50,406,123	Morgan Stanley & Co International	0.7593, 04/12/2014	2,033,031	0.61

銘柄					株数/額面	米ドル建評価額	純資産比率 (%)
外貨先渡取引(つづき)
売却通貨		購入通貨			取引レート・満期日	米ドルに係る未実現損益	純資産比率
EUR	2,655,000	USD	3,493,324	JPMorgan Chase Bank, NA	0.76, 04/12/2014	137,856	0.04
GBP	1,100,000	USD	1,822,455	JPMorgan Chase Bank, NA	0.6036, 04/12/2014	40,200	0.01
HUF	705	USD	3	Barclays Treasury	244.7917, 17/12/2014	-	-
JPY	2,147,900,000	USD	20,710,396	Credit Suisse International	103.7112, 04/12/2014	1,120,022	0.34
JPY	90,900,000	USD	848,628	JPMorgan Chase Bank, NA	107.1141, 04/12/2014	19,555	0.01
MXN	18,503,000	USD	1,391,936	Barclays Treasury	13.293, 17/12/2014	21,558	0.01
MXN	20,400,000	USD	1,528,662	Barclays Treasury	13.345, 17/12/2014	17,789	0.01
MYR	1,700,000	USD	519,798	Barclays Treasury	3.2705, 17/12/2014	4,563	-
NZD	12,420,000	USD	10,296,776	Morgan Stanley & Co International	1.2062, 04/12/2014	678,641	0.20
RUB	6,100,000	USD	159,103	Deutsche Bank	38.34, 17/12/2014	7,600	-
THB	26,933,000	USD	831,907	Deustche Bank	32.375, 17/12/2014	4,269	-
TRY	1,165,000	USD	519,463	Barclays Treasury	2.2427, 17/12/2014	18,766	0.01
TRY	2,150,000	USD	952,170	Goldman Sachs International Treasury	2.258, 17/12/2014	28,137	0.01
USD	542,528	CNY	3,350,000	Credit Suisse International	0.1619, 17/12/2014	88	-
外貨先渡取引合計						5,206,264	1.57

スワップ取引
AUD USD 3ML				JP Morgan	(115,636)	98,142	0.03
CDX, 5 Years				Citi Group	(3,475,000)	217,270	0.07
Credit Default Swap, 5 Years				Barclays	(13,025,000)	214,577	0.06
Interest rate B USD 20 Years				JP Morgan	220,000,000	1,224,328	0.37
Interest rate B USD 20 Years				Merrill Lynch	20,000,000	74,119	0.02
Interest rate BC USD 20 Years				Merrill Lynch	30,000,000	99,960	0.03
Interest rate swap				Merrill Lynch	20,000,000	90,562	0.03
Interest rate swap 10 Years, 4.712				Merrill Lynch	35,450,000	372,623	0.11
Interest rate swap 10 Years, 4.775				Merrill Lynch	13,000,000	188,042	0.06
Interest rate swap C GBP 30 Years, 3.384				Merrill Lynch	4,450,000	683,451	0.21
Interest rate swap C GBP 5 Years, 2.4777				Merrill Lynch	17,220,000	341,415	0.10
Interest rate swap C USD 3 Years, 2.0325				Merrill Lynch	(14,200,000)	11,931	-
Interest rate swap C USD 7 Years, 2.176				Merrill Lynch	(25,100,000)	150,462	0.05
Interest rate swap CAD 5 Years, 1.9775				Merrill Lynch	29,580,000	439,628	0.13
Interest rate swap EUR 10 Years, 2.13				Deutsche Bank	24,200,000	3,187,237	0.96
Interest rate swap EUR 30 Years, 2.46				Deutsche Bank	10,750,000	1,792,026	0.54
Interest rate swap USD 5 Years, 1.19375				Credit Suisse	22,350,000	207,621	0.06
USD AUD 3ML 0.11				Citi Group	(2,092,006)	366,648	0.11
USD AUD 3ML				Merrill Lynch	(1,139,880)	933,456	0.28
USD JPY 3ML				Citi Group	(2,526,532,302)	205,343	0.06
スワップ取引合計						10,898,841	3.28

店頭オプション
店頭アンカバードオプション
通貨スワップオプション
OCDX HY22 BP
strike 106.00 expire October 2014				JP Morgan	30,200,000	232,588	0.07
OCDX HY22 BP
strike 106.00 expire October 2014				Merrill Lynch	37,500,000	288,810	0.09
Oirs
expire 02 November 2015				Deutsche Bank	10,950,000	1,819	-

銘柄		株数/額面	米ドル建評価額	純資産比率 (%)
通貨スワップオプション(つづき)
Oirs
expire 07 December 2017	Barclays	57,800,000	978,559	0.30
Oirs
expire 17 January 2018	JP Morgan	14,723,000	576,465	0.17
Oirs
expire 17 June 2015	JP Morgan	85,000,000	818,661	0.25
Oirs
expire 19 December 2017	Barclays	104,000,000	1,772,150	0.53
Oirs
expire 19 December 2017	JP Morgan	11,700,000	199,367	0.06
OIRS
expire 22 May 2015	Barclays	1,792,000,000	8,048	-
Oirs
expire 22 May 2015	JP Morgan	538,000,000	2,152	-
USD
strike 4.38 expire 30years	Merrill Lynch	4,620,000	180,892	0.05
USD/EUR
strike 0.77 22 May 2015 Call	Merrill Lynch	3,100,000	120,943	0.04
USD/EUR
strike 0.77 22 May 2015 Call	Morgan Stanley	3,600,000	140,450	0.04
USD/JPY
strike 104 23 February 2015 Call	Merrill Lynch	6,700,000	377,077	0.11
店頭アンカバードオプション合計			5,697,981	1.71

店頭オプション合計

店頭取引金融デリバティブ商品合計			21,803,086	6.56

金融資産の公正な価額での評価益または評価損合計			348,189,033	104.85

金融負債の公正な価額での評価益または評価損
規制ある市場で取引されている金融デリバティブ商品
先物
債券先物
Ultra Bond, December		249	(395,594)	(0.12)
その他
3 Month EUR$, December		455	(73,938)	(0.02)
Bund Fut 6%, December		(7)	(5,129)	-
US 10YR Notes, December		(506)	(123,406)	(0.04)
US 2YR Notes, December		(145)	(1,219)	-
US 5YR Notes, December		(235)	(25,710)	(0.01)
先物合計			(624,996)	(0.19)

オプション
アンカバードオプション
3 Month Euro$ strike 96.75 expire June Put		(668)	(104,375)	(0.03)
3 Month Euro$ strike 97.25 expire December Put		(1,584)	(79,200)	(0.02)
3 Month Euro$ strike 98.00 expire March Call		(962)	(1,046,175)	(0.31)
3 Month Euro$ strike 98.00 expire March Put		(962)	(1,533,187)	(0.46)
3 Month Euro$ strike 98.25 expire December Call		(1,584)	(89,100)	(0.03)
3 Month Euro$ strike 98.75 expire June Call		(668)	(354,875)	(0.11)
アンカバードオプション合計			(3,206,912)	(0.96)

オプション合計			(3,206,912)	(0.96)

規制ある市場で取引されている金融デリバティブ商品合計			(3,831,908)	(1.15)

銘柄					株数/額面	米ドル建評価額	純資産比率 (%)
店頭金融デリバティブ
外貨先渡取引
売却通貨		購入通貨			取引レート・満期日	米ドルに係る未実現損益	純資産比率
CLP	313,350,000	USD	520,731	Barclays Treasury	601.75, 17/12/2014	(341)	-
USD	537,419	EUR	415,000	State Street Bank And Trust Co	0.7722, 17/10/2014	(13,111)	-
USD	74,469,009	EUR	57,510,000	Barclays Treasury	0.7723, 17/10/2014	(1,811,253)	(0.55)
USD	710,664	EUR	550,000	State Street Bank And Trust Co	0.7739, 17/10/2014	(15,797)	(0.01)
USD	585,130	EUR	455,000	JPMorgan Chase Bank, NA	0.7776, 17/10/2014	(10,287)	-
USD	597,294	EUR	465,000	Barclays Treasury	0.7785, 17/10/2014	(9,816)	-
USD	527,272	EUR	415,000	JPMorgan Chase Bank, NA	0.7871, 17/10/2014	(2,964)	-
USD	1,258,243	CAD	1,370,000	JPMorgan Chase Bank, NA	0.9184, 04/12/2014	(34,232)	(0.01)
USD	6,543,722	EUR	5,055,000	Morgan Stanley & Co International	1.2945, 04/12/2014	(155,061)	(0.05)
USD	66,845	IDR	806,019,000	Goldman Sachs International Treasury	0.0001, 17/12/2014	(2,121)	-
USD	991,990	INR	61,300,000	Goldman Sachs International Treasury	0.0162, 17/12/2014	(15,574)	-
USD	6,924,682	JPY	741,700,000	Morgan Stanley & Co International	0.0093, 04/12/2014	(159,851)	(0.05)
USD	995,396	MYR	3,200,000	Deutsche Bank	0.3111, 17/12/2014	(25,542)	(0.01)
USD	588,541	PEN	1,700,000	Credit Suisse International	0.3462, 17/12/2014	(8,459)	-
USD	834,327	PHP	36,750,000	Deutsche Bank	0.0227, 17/12/2014	(17,708)	(0.01)
USD	530,485	ZAR	5,900,000	Goldman Sachs International Treasury	0.0899, 17/12/2014	(15,260)	-
外貨先渡取引合計						(2,297,377)	(0.69)

スワップ取引
CCDX, 4 Years				Merrill Lynch	58,600,000	(958,201)	(0.29)
CCDX, 5 Years				Merrill Lynch	33,275,880	(2,038,506)	(0.61)
CDX, 5 Years				Citi Group	(17,232,000)	(1,580,160)	(0.48)
CDX, 5 Years				Merrill Lynch	(16,608,000)	(1,562,152)	(0.47)
CDX, 5 Years				Morgan Stanley	(24,000,000)	(2,257,445)	(0.68)
CITRX, 5 Years				Merrill Lynch	53,000,000	(2,124,083)	(0.64)
CMBX, 50 Years				Citi Group	(10,400,000)	(57,306)	(0.02)
CMBX, 50 Years				Merrill Lynch	(2,850,000)	(7,079)	-
CMBX, 50 Years				Morgan Stanley	(3,500,000)	(8,694)	-
Credit Default Swap, 5 Years				Barclays	(3,125,000)	(60,861)	(0.02)
Credit Default Swap, 5 Years				JP Morgan	(9,000,000)	(75,534)	(0.02)
Credit Default Swap, 5 Years				Merrill Lynch	(9,900,000)	(208,339)	(0.06)
Credit Default Swap, 5 Years				Morgan Stanley	(7,250,000)	(146,626)	(0.04)
Credit Default Swap, 9 Years				Citi Group	(3,235,000)	(229,666)	(0.07)
Interest rate swap C GBP 10 Years, 3.05				Merrill Lynch	(19,160,000)	(1,176,913)	(0.35)
Interest rate swap C USD 14 Years, 3.44				Merrill Lynch	(2,200,000)	(96,451)	(0.03)
Interest rate swap C USD 15 Years, 3.324				Merrill Lynch	(6,000,000)	(110,953)	(0.03)
Interest rate swap C USD 4 Years, 1.472				Merrill Lynch	42,460,000	(224,480)	(0.07)
Interest rate swap C USD 4 Years, 2.171				Merrill Lynch	(6,560,000)	(73,013)	(0.02)
Interest rate swap C USD 6 Years, 2.589				Merrill Lynch	(11,000,000)	(94,258)	(0.03)
Interest rate swap C USD 9 Years, 2.941				Merrill Lynch	(13,245,000)	(78,999)	(0.02)
Interest rate swap CAD 4 Years, 3.6				Morgan Stanley	28,270,000	(1,553,634)	(0.47)
Interest rate swap EUR 10 Years, 2.13				JP Morgan	24,200,000	(3,187,237)	(0.96)
Interest rate swap EUR 30 Years, 2.46				Deutsche Bank	10,750,000	(1,792,026)	(0.54)

銘柄		株数/額面	米ドル建評価額	純資産比率 (%)
スワップ取引(つづき)
Interest rate swap EUR 5 Years, 0.975	Merrill Lynch	9,570,000	(312,273)	(0.09)
Interest rate swap KRW 3 Years, 3.38	Merrill Lynch	3,400,000,000	(79,968)	(0.02)
Interest rate swap USD 10 Years, 2.745	Barclays	4,385,000	(117,429)	(0.04)
Interest rate swap USD 10 Years, 3.02375	Citi Group	3,300,000	(143,853)	(0.04)
Interest rate swap USD 10 Years, 3.437	Deutsche Bank	17,500,000	(1,416,757)	(0.43)
Interest rate swap USD 2 Years, 0.529	Citi Group	42,000,000	(87,416)	(0.03)
Interest rate swap USD 26 Years, 2.60125	Deutsche Bank	6,550,000	(524,358)	(0.16)
Interest rate swap USD 27 Years, 4.316	Merrill Lynch	38,000,000	(8,484,500)	(2.56)
Interest rate swap USD 29 Years, 4.449	JP Morgan	4,500,000	(1,128,547)	(0.34)
Interest rate swap USD 29 Years, 4.47157	Merrill Lynch	6,857,113	(3,927,143)	(1.18)
Interest rate swap USD 30 Years, 4.4225	Merrill Lynch	14,080,000	(3,403,313)	(1.02)
Interest rate swap USD 5 Years, 2.532	JP Morgan	18,620,000	(563,990)	(0.17)
Interest rate swap USD 7 Years, 2.28375	Merrill Lynch	16,000,000	(131,589)	(0.04)
Interest rate swap USD 7 Years, 2.7625	Merrill Lynch	8,180,000	(353,591)	(0.11)
Interest rate swap USD 7 Years, 3.4025	Merrill Lynch	18,000,000	(1,346,003)	(0.41)
Interest rate swap ZAR 10 Years, 7.48	Deutsche Bank	6,100,000	(21,481)	(0.01)
Interest rate swap ZAR 5 Years, 6.4	Credit Suisse	11,000,000	(31,825)	(0.01)
ITRX, 5 Years	Citi Group	(13,000,000)	(64,147)	(0.02)
ITRX, 5 Years	Merrill Lynch	(20,000,000)	(482,153)	(0.15)
USD AUD	JP Morgan	124,312	(86,611)	(0.03)
USD AUD 10 Years	Barclays	2,092,005	(334,166)	(0.10)
USD AUD 3ML	Merrill Lynch	1,139,880	(945,597)	(0.28)
USD JPY 3ML	Citi Group	2,526,532,302	(206,738)	(0.06)
スワップ取引合計			(43,896,064)	(13.22)

店頭オプション
アンカバードオプション
通貨スワップオプション
EUR	Barclays	(120,000,000)	(2,654,315)	(0.80)
strike 1.825 expire 1year BC
OCDX HY22 BP	JP Morgan	(30,200,000)	(141,724)	(0.04)
strike 100.00 expire December 2014
OCDX HY22 BP	Merrill Lynch	(37,500,000)	(175,982)	(0.05)
strike 100.00 expire December 2014
OCDX HY22 SP	Merrill Lynch	(13,100,000)	(7,562)	-
strike 108.50 expire October 2014
OIRS	Deutsche Bank	(21,900,000)	(352)	-
expire 02 November 2015
Oirs	Barclays	(57,800,000)	(401,483)	(0.12)
expire 07 December 2017
Oirs	JP Morgan	(127,460,000)	(558,720)	(0.17)
expire 17 January 2018
Oirs	Merrill Lynch	(22,000,000)	(969,774)	(0.29)
expire 17 June 2015
Oirs	Barclays	(104,000,000)	(733,374)	(0.22)
expire 19 December 2017
Oirs	JP Morgan	(11,700,000)	(82,505)	(0.03)
expire 19 December 2017
Oirs	Barclays	(1,792,000,000)	(874,991)	(0.26)
expire 22 May 2015
Oirs	JP Morgan	(538,000,000)	(281,546)	(0.09)
expire 22 May 2015
USD	Merrill Lynch	(40,000,000)	(175,251)	(0.06)
strike 4.32 expire 2years
アンカバードオプション合計			(7,057,579)	(2.13)

店頭オプション合計			(7,057,579)	(2.13)

店頭金融デリバティブ商品合計			(53,251,020)	(16.04)

金融負債の公正な価格での評価益または評価損合計			(57,082,928)	(17.19)

純投資合計			291,106,105	87.66

負債額を上回るその他純資産			40,974,594	12.34
純資産合計			332,080,699	100.00

db x-トラッカーズ db ヘッジ・ファンド・インデックス UCITS ETF(ルクセンブルグ籍外国投資信託)の運用状況
当ファンドは「UBSディフェンシブ・インベストメント・マザーファンド」が投資対象とする外国投資信託証券です。
ご参考として、掲載されている当ファンドの損益計算書及び投資有価証券明細表は、2014年12月31日現在の現地Annual Reportからの抜粋であり、現地の会計基準に基づき作成され、監査を受けたものです。
db x-トラッカーズ db ヘッジ・ファンド・インデックス UCITS ETF(ルクセンブルグ籍外国投資信託)
連結

STATEMENT OF
OPERATION

損益計算書
(損益項目仮訳)

自 2014年1月1日至 2014年12月31日
ユーロ



INCOME	収益
TOTAL INCOME	収益合計	-

EXPENSES	費用
Management Company Fee	管理会社費用	3,330,804
Fixed Fee	固定費用	951,669
TOTAL EXPENSES	費用合計	4,282,473

NET INCOME / (LOSS) FROM INVESTMENTS	投資純利益(純損失)	(4,282,473)

Net realised gain / (loss) on swap	スワップ取引に係る実現純(損)益	19,091,433
Net realised gain / (loss) on foreign exchange	為替予約取引に係る実現純(損)益	42,308

NET REALISED GAIN / (LOSS)	実現純(損)益	19,133,741

Change in net unrealised gain / (loss) on investments	投資の未実現(損)益変動	4,817,576
Change in net unrealised gain / (loss) on swap	スワップ取引の未実現(損)益変動	(11,135,300)

CHANGE IN NET UNREALISED GAIN / (LOSS)	未実現純(損)益の変動	(6,317,724)

NET INCREASE / (DECREASE) IN NET ASSETS AS A RESULT OF OPERATIONS	純資産の純増(減)額	8,533,544

2014年12月31日現在の投資有価証券その他の純資産明細表

	通貨	スワップ相手方よりの受取勘定 (想定金額価値)	スワップに係る未実現(損)益
db x-trackers DB HEDGE FUND INDEX UCITS ETF*	EUR	407,919,601	(1,043,413)

※実質的な投資先であるスワップの残高のみ表示しております。
UBS(Lux)エクイティ・シキャブ-ヨーロピアン・オポチュニティ・アンコンストレインド(EUR)(ルクセンブルグ籍外国投資信託)の運用状況
当ファンドは「UBSディフェンシブ・インベストメント・マザーファンド」が投資対象とする外国投資信託証券です。
ご参考として、掲載されている当ファンドの損益計算書及び投資有価証券明細表は、2014年5月31日現在の現地Annual Reportからの抜粋であり、現地の会計基準に基づき作成され、監査を受けたものです。
UBS(Lux)エクイティ・シキャブ-ヨーロピアン・オポチュニティ・アンコンストレインド(EUR)(ルクセンブルグ籍外国投資信託)
連結

Statement of Operations

損益計算書
(損益項目仮訳)

自 2013年6月1日至 2014年5月31日
ユーロ

Income	収益
Interest on liquid assets	流動資産等に係る受取利息		1,610.60
Dividends	配当金		14,203,106.82
Income on Synthetic Equity Swaps	シンセティック・エクイティ・スワップに係る収益		7,209,268.94
Income on securities lending	有価証券の貸付に係る収益		1,313,354.23
Total income	収益合計		22,727,340.59

Expenses	費用
Interest paid on Synthetic Equity Swaps	シンセティック・エクイティ・スワップに係る支払利息	-10,582,284.00
Flat fee	均一費用	-7,255,662.29
Taxe d'abonnement	年次税		-245,222.57
Cost on securities lending	有価証券の貸付に係る費用		-525,341.66
Interest on cash liquidity and bank overdraft	当座借越等に係る支払利息		-134.71
Other Expenses	その他費用		-15,866.86
Total expenses	費用合計	-18,624,512.09

Net income (loss) on investments	投資純利益(損失)		4,102,828.50

Realized gain (loss)	実現(損)益
Realized gain (loss) on market-priced securities without options	無オプション市場価格証券に係る実現(損)益	-511,350.41
Realized gain (loss) on financial futures	金融先物取引に係る実現(損)益	-60,011.42
Realized gain (loss) on forward foreign exchange contracts	為替予約取引に係る実現(損)益	1,148,819.36
Realized gain (loss) on Synthetic Equity Swaps	シンセティック・エクイティ・スワップに係る実現(損)益	-10,193,757.95
Realized result on subscriptions/redemptions	追加設定/一部解約に係る実現損益	2,518,928.82
Total realized gain (loss) on investments	投資実現(損)益合計	-7,097,371.60
Realized gain (loss) on foreign exchange	為替差(損)益		-203,427.10
Total realized gain (loss)	実現(損)益合計	-7,300,798.70

Net realized gain (loss) of the financial year	当期実現純(損)益	-3,197,970.20

Changes in unrealized appreciation (depreciation)	未実現評価(損)益の変動
Unrealized appreciation (depreciation) on market-priced securities without options	無オプション市場価格証券に係る未実現評価(損)益		63,602,693.76
Unrealized appreciation (depreciation) on forward foreign exchange contracts	為替予約取引に係る未実現評価(損)益		9,663,905.32
Unrealized appreciation (depreciation) on Synthetic Equity Swaps	シンセティック・エクイティ・スワップに係る未実現評価(損)益	-9,346,193.18
Total changes in unrealized appreciation (depreciation)	未実現評価(損)益の変動合計		63,920,405.90

Net increase (decrease) in net assets as a result of operations	純資産の純増(減)額		60,722,435.70

2014年5月31日現在の投資有価証券その他の純資産明細表

銘柄		株数/額面	ユーロ建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
公認の証券取引所に上場されている譲渡性のある有価証券および金融商品
無記名式株式
ベルギー
EUR	BPOST -PROMESSES NPV	994,415.00	18,376,789.20	1.75
EUR	UCB NPV	161,151.00	9,424,110.48	0.89
ベルギー合計			27,800,899.68	2.64
デンマーク
DKK	A.P. MOELLER-MAERSK SER'B'DKK1000	5,520.00	10,547,108.98	1.00
DKK	DANSKE BANK A/S DKK10	854,494.00	17,620,672.03	1.68
DKK	NOVO-NORDISK AS DKK0.2 SER'B'	721,301.00	22,402,928.68	2.13
DKK	PANDORA A/S DKK1	313,711.00	16,990,293.71	1.62
DKK	TDC A/S DKK1	2,204,448.00	15,699,215.76	1.49
DKK	TOPDANMARK AS DKK1	467,468.00	10,460,277.08	0.99
デンマーク合計			93,720,496.24	8.91
フィンランド
EUR	SAMPO OYJ SER'A'NPV	528,903.00	19,558,832.94	1.86
フィンランド合計			19,558,832.94	1.86
フランス
EUR	AXA EUR2.29	504,889.00	9,143,539.79	0.87
EUR	BNP PARIBAS EUR2	282,400.00	14,506,888.00	1.38
EUR	EDF EUR0.5	224,468.00	5,781,173.35	0.55
EUR	INGENICO EUR1	148,548.00	9,847,246.92	0.94
EUR	PUBLICIS GROUPE SA EUR0.40	181,348.00	11,475,701.44	1.09
EUR	SOC GENERALE EUR1.25	277,226.00	11,716,956.89	1.11
EUR	TOTAL EUR2.5	612,361.00	31,524,344.28	3.00
EUR	VALEO EUR3	81,685.00	8,045,972.50	0.76
フランス合計			102,041,823.17	9.70
ドイツ
EUR	CONTINENTAL AG ORD NPV	118,646.00	20,579,148.70	1.95
EUR	DRILLISCH AG NPV	360,851.00	9,759,215.30	0.93
EUR	FRESENIUS SE & CO. KGAA NPV	80,808.00	8,844,435.60	0.84
EUR	SAP AG ORD NPV	106,403.00	5,975,592.48	0.57
EUR	SYMRISE AG	343,454.00	13,657,448.31	1.30
EUR	WIRECARD AG NPV	100,554.00	3,217,728.00	0.30
ドイツ合計			62,033,568.39	5.89
イタリア
EUR	ATLANTIA SPA EUR1	695,762.00	14,179,629.56	1.35
EUR	AZIMUT HLDG S.P.A EUR0.22	253,256.00	5,085,380.48	0.48
EUR	BANCA GENERALI SPA	330,890.00	7,087,663.80	0.67
EUR	ENEL EUR1	3,252,827.00	13,505,737.70	1.28
EUR	INTESA SANPAOLO	3,106,002.00	7,634,552.92	0.73
EUR	MEDIOLANUM EUR0.1	1,317,661.00	8,294,676.00	0.79
EUR	SNAM EUR1	3,594,294.00	15,477,029.96	1.47
EUR	TELECOM ITALIA SPA DI RISP EUR0.55	9,308,760.00	6,520,786.38	0.62
イタリア合計			77,785,456.80	7.39
オランダ
EUR	AEGON NV	1,414,907.00	9,004,468.15	0.85
EUR	AHOLD(KON)NV EUR0.01	932,854.00	12,434,943.82	1.18
EUR	DELTA LLOYD NV EUR0.20	395,510.00	7,046,010.65	0.67
EUR	HUNTER DOUGLAS NV EUR0.24	85,925.00	3,110,485.00	0.30
EUR	ROYAL DUTCH SHELL PLC'A'SHS EUR0.07	475,030.00	13,702,240.35	1.30
EUR	TNT EXPRESS NV EUR0.08	1,745,384.00	11,442,737.50	1.09
オランダ合計			56,740,885.47	5.39
ノルウェー
NOK	AKER ASA SER'A' NOK28	125,196.00	3,394,410.84	0.32
NOK	DNB ASA NOK10	385,260.00	5,307,809.83	0.51
NOK	GJENSIDIGE FORSIKR NOK2	708,832.00	9,600,504.75	0.91
NOK	STATOIL ASA NOK2.50	856,766.00	19,256,146.04	1.83
ノルウェー合計			37,558,871.46	3.57

銘柄		株数/額面	ユーロ建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
スペイン
EUR	ACS ACTIVIDADES CO EUR0.5	557,635.00	18,176,112.83	1.73
EUR	AMADEUS IT HLDGS EUR0.01	433,194.00	13,961,842.62	1.32
EUR	GAS NATURAL SDG EUR1	755,393.00	15,972,784.99	1.52
EUR	GRIFOLS SA EUR0.10 (CLASS B)	83,644.00	2,542,777.60	0.24
EUR	GRIFOLS SA EUR0.5	189,880.00	7,547,730.00	0.72
スペイン合計			58,201,248.04	5.53
スウェーデン
SEK	ASSA ABLOY SER'B'NPV	378,227.00	14,021,494.58	1.33
SEK	KINNEVIK INV AB SER'B'NPV	324,867.00	9,462,888.26	0.90
SEK	NORDEA BANK AB ORD NPV(SEK QUOTE)	2,279,452.00	24,683,184.68	2.34
SEK	SKAND ENSKILDA BKN SER'A'NPV	854,755.00	8,519,618.94	0.81
SEK	SVENSKA CELLULOSA SER'B'NPV	740,892.00	15,135,200.22	1.44
スウェーデン合計			71,822,386.68	6.82
無記名式株式合計			607,264,468.87	57.70

その他の株式
オランダ
EUR	ING GROEP NV CVA EUR0.24	1,990,179.00	20,449,089.23	1.94
オランダ合計			20,449,089.23	1.94
ノルウェー
NOK	SPAREBANKEN 1 SMN	95,196.00	616,059.76	0.06
ノルウェー合計			616,059.76	0.06
スイス
CHF	ROCHE HLDGS AG GENUSSCHEINE NPV	152,355.00	32,910,512.74	3.13
スイス合計			32,910,512.74	3.13
その他の株式合計			53,975,661.73	5.13

優先株式
ドイツ
EUR	HENKEL AG&CO. KGAA NON-VTG PRF NPV	208,792.00	17,690,946.16	1.68
ドイツ合計			17,690,946.16	1.68
優先株式合計			17,690,946.16	1.68

登録株式
ドイツ
EUR	BAYER AG NPV (REGD)	271,774.00	28,835,221.40	2.74
EUR	DAIMLER AG ORD NPV(REGD)	229,937.00	16,026,608.90	1.52
EUR	DEUTSCHE POST AG NPV(REGD)	906,650.00	24,669,946.50	2.34
EUR	FREENET AG NPV (REGD)	480,305.00	10,941,347.90	1.04
EUR	UNITED INTERNET AG NPV(REGD)	281,142.00	9,532,119.51	0.91
ドイツ合計			90,005,244.21	8.55
スイス
CHF	ACTELION CHF0.50(REGD)	65,644.00	4,789,413.80	0.46
CHF	ARYZTA AG CHF0.02 (REGD)	227,517.00	15,573,909.46	1.48
CHF	GEBERIT CHF0.10(REGD)	70,960.00	17,247,876.03	1.64
CHF	NESTLE SA CHF0.10(REGD)	651,809.00	37,537,383.63	3.57
CHF	NOVARTIS AG CHF0.50(REGD)	851,255.00	56,036,698.30	5.32
CHF	TEMENOS GROUP AG CHF5(REGD)(CHF)	387,578.00	10,262,636.75	0.97
CHF	ZURICH INSURANCE GRP CHF0.10	74,286.00	16,363,340.14	1.55
スイス合計			157,811,258.11	14.99
登録株式合計			247,816,502.32	23.54

公認の証券取引所に上場されている譲渡性のある有価証券および金融商品合計			926,747,579.08	88.05

銘柄		株数/額面	ユーロ建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益		純資産比率 (%)
公認の証券取引所に上場されておらず、また他の規制ある市場でも取引されていない譲渡性のある有価証券および金融商品
ライツ
オランダ
EUR	AEGON NV (STOCK DIVIDEND) RIGHTS 13.06.14	1,664,222.00		185,483.52	0.02
EUR	DELTA LLOYD NV (STOCK DIVIDEND) RIGHTS 11.06.14	395,510.00		241,261.08	0.02
オランダ合計				426,744.60	0.04
ライツ合計				426,744.60	0.04

公認の証券取引所に上場されておらず、また他の規制ある市場でも取引されていない譲渡性のある有価証券および金融商品合計				426,744.60	0.04

ルクセンブルグ2010年12月17日法規制41 (1) e)に準拠するUCITSおよびその他のUCIs
オープン・エンド型投資信託証券
アイルランド
EUR	UBS (IRL) INVESTOR SELECTION PLC - EQUITY OPPORT L/S FD-I-B	261,444.65		31,517,152.80	3.00
アイルランド合計				31,517,152.80	3.00
オープン・エンド型投資信託証券合計				31,517,152.80	3.00

ルクセンブルグ2010年12月17日法規制41 (1) e)に準拠するUCITSおよびその他のUCIs合計				31,517,152.80	3.00

投資有価証券合計				958,691,476.48	91.09

デリバティブ商品
公認の証券取引所に上場されておらず、また他の規制ある市場でも取引されていないデリバティブ商品
シンセティック・エクイティ・スワップ
GBP	MORGAN STANLEY/GLAXOSMITHKLINE (SYNTHETIC EQUITY SWAP)	609,753.00		-156,497.11	0.00
GBP	MORGAN STANLEY/RECKITT BENCKISER GRP (SYNTHETIC EQUITY SWAP)	417,003.00		1,310,656.72	0.12
GBP	MORGAN STANLEY/PRUDENTIAL ORD (SYNTHETIC EQUITY SWAP)	845,078.00		541,224.36	0.05
GBP	MORGAN STANLEY/WILLIAM HILL ORD (SYNTHETIC EQUITY SWAP)	3,053,065.00		325,329.39	0.03
GBP	MORGAN STANLEY/HALMA ORD GBP0.10 (SYNTHETIC EQUITY SWAP)	541,999.00		-9,227.40	0.00
GBP	MORGAN STANLEY/BG GROUP ORD GBP0.10	1 094 751.00		1 661 654.29	0.16
GBP	MORGAN STANLEY/JARDINE LLOYD THOM (SYNTHETIC EQUITY SWAP)	782,488.00		94,861.37	0.01
GBP	MORGAN STANLEY/NICHOLS ORD (SYNTHETIC EQUITY SWAP)	228 803.00		-185,839.24	-0.02
EUR	MORGAN STANLEY/CIE GEN GEO VERITAS (SYNTHETIC EQUITY SWAP)	-262,672.00		532,216.28	0.05
GBP	MORGAN STANLEY/TESCO PLC (SYNTHETIC EQUITY SWAP)	-3,034,139.00		217,006.35	0.02
EUR	MORGAN STANLEY/STOCKMANN OYJ-B (SYNTHETIC EQUITY SWAP)	-198,392.00		-152,201.91	-0.01
EUR	MORGAN STANLEY/HAMBURGER HAFEN NPV (SYNTHETIC EQUITY SWAP)	-198,364.00		-193,404.90	-0.02
GBP	MORGAN STANLEY/MONDI PLC(SYNTHETIC EQUITY SWAP)	780,861.00		746,752.36	0.07
EUR	MORGAN STANLEY/CAP GEMINI (SYNTHETIC EQUITY SWAP)	285,572.00		322,119.00	0.03
EUR	MORGAN STANLEY/CARREFOUR SA (SYNTHETIC EQUITY SWAP)	-262,468.00		566,930.88	0.05
GBP	MORGAN STANLEY/TAYLOR WIMPEY PLC (SYNTHETIC EQUITY SWAP)	1,935,744.00		-245,086.50	-0.02
EUR	MORGAN STANLEY/THALES SA (SYNTHETIC EQUITY SWAP)	235,166.00		-928,905.70	-0.09
EUR	MORGAN STANLEY/UMICORE (SYNTHETIC EQUITY SWAP)	-303,192.00		670,188.74	0.06
NOK	MORGAN STANLE/YARA INTERNATIONAL ASA (SYNTHETIC EQUITY SWAP)	-316,500.00		-485,719.49	-0.05
EUR	MORGAN STANLEY/KONECRANES OYJ (SYNTHETIC EQUITY SWAP)	-411,280.00		-39,751.28	0.00
EUR	MS/FORTUM OYJ (SYNTHETIC EQUITY SWAP)	-449,066.00		-1,149,608.96	-0.11
EUR	MORGAN STANLEY/JERONIMO MARTINS (SYNTHETIC EQUITY SWAP)	-883,588.00		-80,147.89	-0.01
EUR	MORGAN STANLEY/SALZGITTER AG (SYNTHETIC EQUITY SWAP)	-232,352.00		-213,763.84	-0.02
GBP	MORGAN STANLEY/NEXT PLC (SYNTHETIC EQUITY SWAP)	198,348.00		550,553.42	0.05
EUR	MORGAN STANLEY/MOBISTAR NPV (SYNTHETIC EQUITY SWAP)	-201,500.00		-212,610.58	-0.02
EUR	MORGAN STANLEY/FUGRO CERT (SYNTHETIC EQUITY SWAP)	-235,995.00		674,407.33	0.06
NOK	MORGAN STANLEY/STOREBRAND ASA (SYNTHETIC EQUITY SWAP)	-1,224,784.00		-63,761.23	-0.01
SEK	MORGAN STANLEY/SANDVIK AB NPV (SYNTHETIC EQUITY SWAP)	-1,086,100.00		-541,587.59	-0.05
GBP	MORGAN STANLEY/LEGAL & GENERAL GP (SYNTHETIC EQUITY SWAP)	4,861,420.00		166,473.32	0.02
EUR	MORGAN STANLEY/TECNICAS REUNIDAS (SYNTHETIC EQUITY SWAP)	-255,140.00		-905,102.90	-0.09
GBP	MORGAN STANLEY/RIGHTMOVE ORD GBP0.01 (SYNTHETIC EQUITY SWAP)	478,284.00		-1,619,064.30	-0.15
SEK	MORGAN STANLEYMODERN TIMES GROUP (SYNTHETIC EQUITY SWAP)	-295,591.00		-480,646.66	-0.05
EUR	MORGAN STANLEY/YIT CORP NPV (SYNTHETIC EQUITY SWAP)	-586,817.00		-177,992.06	-0.02
EUR	MS/H&R WASAG AG NPV (SYNTHETIC EQUITY SWAP)	-99,099.00		34,288.25	0.00
GBP	MORGAN STANLEY/QINETIQ GROUP ORD (SYNTHETIC EQUITY SWAP)	4,841,001.00		-537,420.28	-0.05
SEK	MORGAN STANLEY/ORIFLAME COSMETICS (SYNTHETIC EQUITY SWAP)	-294,844.00		151,061.35	0.01
EUR	MORGAN STANLEY/K&S AG NPV(SYNTHETIC EQUITY SWAP)	-487,794.00		-1,007,354.20	-0.10
EUR	MORGAN STANLEY/SAFRAN EUR0.20 (SYNTHETIC EQUITY SWAP)	377,866.00		305,025.98	0.03

銘柄		株数/額面	ユーロ建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
EUR	MORGAN STANLEY/ADIDAS AG NPV (SYNTHETIC EQUITY SWAP)	-89,738.00	-95,028.98	-0.01
EUR	MORGAN STANLEY/METRO AG (SYNTHETIC EQUITY SWAP)	-277,876.00	-488,455.96	-0.05
GBP	MORGAN STANLEY/WH SMITH PLC CFD (SYNTHETIC EQUITY SWAP)	842,931.00	-449,408.20	-0.04
GBP	MORGAN STANLEY/BT GROUP PLC (SYNTHETIC EQUITY SWAP)	4,866,920.00	482,340.83	0.05
EUR	MORGAN STANLEY/ITALCEMENTI (SYNTHETIC EQUITY SWAP)	-315,429.00	362,743.35	0.03
GBP	MORGAN STANLEY/AVIVA ORD (SYNTHETIC EQUITY SWAP)	2,652,868.00	444,716.54	0.04
EUR	MORGAN STANLEY/VIVENDI SA EUR5.50 (SYNTHETIC EQUITY SWAP)	715,291.00	-636,686.87	-0.06
EUR	MS/CREDIT AGRICOLE SA EUR3 (SYNTHETIC EQUITY SWAP)	1,598,769.00	159,000.78	0.02
GBP	MORGAN STANLEY/DIRECT LINE INSURA ORD(SYNTHETIC EQUITY SWAP)	3,463,261.00	173,553.96	0.02
EUR	MORGAN STANLEY/SARAS RAFFINERIE NPV (SYNTHETIC EQUITY SWAP)	-3,069,107.00	601,544.97	0.06
GBP	MORGAN STANLEY/SHIRE ORD GBP0.05 (SYNTHETIC EQUITY SWAP)	494,268.00	1,381,104.48	0.13
GBP	MORGAN STANLEY/DEBENHAMS ORD (SYNTHETIC EQUITY SWAP)	-5,974,010.00	-131,008.64	-0.01
SEK	MORGAN STANLEY/RATOS AB (SYNTHETIC EQUITY SWAP)	-618,817.00	-309,509.27	-0.03
GBP	MORGAN STANLEY/BERKELEY GROUP ORD (SYNTHETIC EQUITY SWAP)	255,276.00	-962,004.59	-0.09
GBP	MORGAN STANLEY/GVC HLDGS PLC ORD EUR0.01 (SES)	223,974.00	201,923.60	0.02
GBP	MS/ROYAL DUTCH SHELL PLC (SYNTHETIC EQUITY SWAP)	679,723.00	-218,242.53	-0.02
EUR	MORGAN STANLEY/VIENNA INSURANCE GROUP(SYNTHETIC EQUITY SWAP)	-135,495.00	-513,913.92	-0.05
GBP	MORGAN STANLEY/SAGE GROUP PLC (SYNTHETIC EQUITY SWAP)	863,047.00	-65,774.92	-0.01
EUR	MORGAN STANLEY/BANCO POPULAR ESPANOL (SYNTHETIC EQUITY SWAP)	-1,713,232.00	68,402.27	0.01
GBP	MORGAN STANLEY/ESSENTRA ORD GBP0.25 (SYNTHETIC EQUITY SWAP)	647,259.00	-449,231.03	-0.04
GBP	MORGAN STANLEY/MEGGITT ORD (SYNTHETIC EQUITY SWAP)	1 874 635.00	-678,573.01	-0.06
GBP	MORGAN STANLEY/CRODA INTL ORD GBP0.1 (SYNTHETIC EQUITY SWAP)	-288,715.00	-577,140.22	-0.04
EUR	MORGAN STANLEY/ARKEMA (SYNTHETIC EQUITY SWAP)	-31,540.00	128,683.20	0.01
GBP	MORGAN STANLEY/DAILY MAIL&GEN TST (SYNTHETIC EQUITY SWAP)	981,125.00	-1,412,601.85	-0.13
EUR	MORGAN STANLEY/MTU AERO ENGINES H (SYNTHETIC EQUITY SWAP)	-159,510.00	-33,958.53	0.00
EUR	MORGAN STANLEY/VOPAK(KON) (SYNTHETIC EQUITY SWAP)	-265,678.00	938,417.42	0.09
EUR	MORGAN STANLEY/ ANDRITZ AG (SYNTHETIC EQUITY SWAP)	-155,141.00	248,225.60	0.02
TRY	MORGAN STANLEY/T GARANTI BANKASI RY1 (SYNTHETIC EQUITY SWAP)	-4,360,000.00	-1,684,952.30	-0.16
EUR	MORGAN STANLEY/LANXESS AG (SYNTHETIC EQUITY SWAP)	-136,260.00	396,133.53	0.04
SEK	MORGAN STANLEY/ELECTROLUX AB SER’B (SYNTHETIC EQUITY SWAP)	-708,807.00	-1,760,656.10	-0.17
NOK	MORGAN STANLEY/NORWEGIAN PROPERTY AS (SYNTHETIC EQUITY SWAP)	-1,913,970.00	46,962.02	0.00
EUR	MORGAN STANLEY/METSO OYJ EUR1.70 (SYNTHETIC EQUITY SWAP)	-379,300.00	166,892.00	0.02
GBP	MORGAN STANLEY/COCA COLA HBC ORD(SYNTHETIC EQUITY SWAP)	-392,347.00	940,699.37	0.09
GBP	MORGAN STANLEY/ANGLO AMERICAN USD(SYNTHETIC EQUITY SWAP)	652,200.00	-948,559.29	-0.09
EUR	MORGAN STANLEY/BANCO SANTANDER (SYNTHETIC EQUITY SWAP)	-1,012,400.00	-525,087.96	-0.05
GBP	MORGAN STANLEY/BARRATT DEVEL ORD(SYNTHETIC EQUITY SWAP)	2,123,106.00	-1,032,308.93	-0.10
GBP	MORGAN STANLEY/DE LA RUE ORD (SYNTHETIC EQUITY SWAP)	-505,226.00	-485,066.68	-0.05
EUR	MORGAN STANLEY/VALMET CORP NPV (SYNTHETIC EQUITY SWAP)	-277,012.00	-5,540.24	0.00
GBP	MORGAN STANLEY/QUINDELL ORD(SYNTHETIC EQUITY SWAP)	17,275,366.00	-2,800,413.10	-0.27
GBP	MORGAN STANLEY/CAPITA PLC (SYNTHETIC EQUITY SWAP)	1,280,877.00	560,114.14	0.05
GBP	MORGAN STANLEY/VECTURA GROUP ORD (SYNTHETIC EQUITY SWAP)	3,948,309.00	-1,039,056.76	-0.10
GBP	MORGAN STANLEY/MARKS & SPENCER ORD (SYNTHETIC EQUITY SWAP)	-2,046,133.00	411,937.74	0.04
EUR	MORGAN STANLEY/ILIAD NPV (SYNTHETIC EQUITY SWAP)	56,190.00	1,857,079.50	0.18
DKK	MORGAN STANLEY/WILLIAM DEMANT HOL(SYNTHETIC EQUITY SWAP)	-114,379.00	126,338.36	0.01
EUR	MORGAN STANLEY/TECHNIP NPV (SYNTHETIC EQUITY SWAP)	-116,120.00	-314,849.42	-0.03
EUR	MORGAN STANLEY/TELEFONICA SA EUR1(SYNTHETIC EQUITY SWAP)	-313,070.00	-209,959.38	-0.02
GBP	MORGAN STANLEY/RSA INSURANCE GRP (SYNTHETIC EQUITY SWAP)	-800,000.00	14,554.12	0.00
EUR	MORGAN STANLEY/FRAPORT(SYNTHETIC EQUITY SWAP)	-110,300.00	-236,915.72	-0.02
シンセティック・エクイティ・スワップ合計			-8,868,481.25	-0.84
公認の証券取引所に上場されておらず、また他の規制ある市場でも取引されていないデリバティブ商品合計			-8,868,481.25	-0.84

デリバティブ商品合計			-8,868,481.25	-0.84

銘柄					株数/額面	ユーロ建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
為替予約取引
為替予約取引(購入/売却)
購入通貨		売却通貨		満期日
GBP	179,390,000.00	EUR	218,057,213.43	2.6.2014		2,454,908.88	0.23
EUR	47,374,800.52	SEK	426,690,000.00	2.6.2014		561,845.84	0.05
GBP	10,970,000.00	EUR	13,336,445.58	2.6.2014		148,241.31	0.01
EUR	2,592,340.06	SEK	23,120,000.00	2.6.2014		55,801.80	0.01
EUR	2,422,877.46	SEK	21,520,000.00	2.6.2014		61,878.18	0.01
GBP	9,605,000.00	EUR	11,466,917.85	2.6.2014		339,865.89	0.03
GBP	6,810,000.00	EUR	8,235,897.39	2.6.2014		135,179.89	0.01
EUR	2,469,027.39	SEK	22,100,000.00	2.6.2014		44,395.23	0.00
GBP	6,980,000.00	EUR	8,425,179.46	2.6.2014		154,867.44	0.01
EUR	4,654,458.68	SEK	41,880,000.00	2.6.2014		59,725.87	0.01
GBP	7,200,000.00	EUR	8,726,384.22	2.6.2014		124,093.96	0.01
SGD	52,210,100.00	EUR	30,013,963.57	3.6.2014		506,334.19	0.05
USD	385,765,000.00	EUR	278,751,070.34	3.6.2014		3,953,850.70	0.38
AUD	6,345,000.00	EUR	4,244,862.68	3.6.2014		82,784.90	0.01
CHF	3,475,000.00	EUR	2,849,465.41	3.6.2014		-729.92	0.00
CNH	32,950,000.00	EUR	3,810,088.54	3.6.2014		54,909.46	0.01
EUR	5,482,153.05	SEK	49,880,000.00	2.6.2014		9,725.34	0.00
GBP	11,315,000.00	EUR	13,723,901.54	2.6.2014		184,870.77	0.02
SGD	1,319,200.00	EUR	759,451.55	3.6.2014		11,709.14	0.00
CHF	75,000.00	EUR	61,536.19	3.6.2014		-52.69	0.00
CNH	1,337,000.00	EUR	154,711.58	3.6.2014		2,117.02	0.00
USD	7,275,000.00	EUR	5,263,508.22	3.6.2014		67,919.72	0.01
AUD	70,000.00	EUR	46,828.54	3.6.2014		915.40	0.00
CHF	175,000.00	EUR	143,645.49	3.6.2014		-183.99	0.00
USD	3,365,000.00	EUR	2,430,559.32	3.6.2014		35,455.12	0.00
CHF	55,000.00	EUR	45,126.50	3.6.2014		-38.60	0.00
AUD	130,000.00	EUR	87,065.43	3.6.2014		1,601.90	0.00
EUR	312,254.48	SGD	541,700.00	3.6.2014		-4,405.42	0.00
GBP	16,180,000.00	EUR	19,700,546.82	2.6.2014		188,444.42	0.02
SGD	1,115,200.00	EUR	641,905.64	3.6.2014		10,003.40	0.00
USD	4,160,000.00	EUR	3,001,187.49	3.6.2014		47,436.60	0.00
AUD	85,000.00	EUR	56,654.84	3.6.2014		1,319.95	0.00
CNH	360,000.00	EUR	41,483.72	3.6.2014		743.88	0.00
USD	7,095,000.00	EUR	5,112,754.43	3.6.2014		86,761.89	0.01
CHF	70,000.00	EUR	57,493.59	3.6.2014		-108.99	0.00
GBP	14,520,000.00	EUR	17,705,978.33	2.6.2014		142,486.00	0.01
EUR	5,143,173.53	SEK	46,640000.00	2.6.2014		26,212.26	0.00
CHF	85,000.00	EUR	69,784.42	3.6.2014		-103.12	0.00
CNH	1,494,000.00	EUR	172,580.57	3.6.2014		2,663.95	0.00
SGD	560,900.00	EUR	324,655.40	3.6.2014		3,228.19	0.00
AUD	70,000.00	EUR	47,523.71	3.6.2014		220.23	0.00
CHF	30,000.00	EUR	24,606.26	3.6.2014		-12.86	0.00
CNH	380,000.00	EUR	44,276.99	3.6.2014		296.58	0.00
CHF	65,000.00	EUR	53,228.86	3.6.2014		56.84	0.00
GBP	743,000.00	EUR	909,639.61	3.6.2014		3,680.57	0.00
CHF	75,000.00	EUR	61,491.79	3.6.2014		-8.29	0.00
GBP	125,000.00	EUR	152,933.63	3.6.2014		720.51	0.00
USD	3,410,000.00	EUR	2,490,458.11	3.6.2014		8,534.23	0.00
SGD	1,320,300.00	EUR	769,913.49	3.6.2014		1,890.22	0.00
GBP	25,000.00	EUR	30,662.69	3.6.2014		68.14	0.00
USD	1,985,000.00	EUR	1,447,626.55	3.6.2014		7,065.47	0.00
CHF	395,000.00	EUR	323,487.04	3.6.2014		326.06	0.00
CHF	60,000.00	EUR	49,063.62	3.6.2014		123.18	0.00
EUR	12,266.12	GBP	10,000.00	3.6.2014		-26.21	0.00
CHF	50,000.00	EUR	40,931.17	3.6.2014		57.83	0.00
EUR	265,215.66	SGD	455,000.00	3.6.2014		-762.29	0.00
CHF	125,000.00	EUR	102,250.99	3.6.2014		221.51	0.00
CNH	3,084,000.00	EUR	362,305.01	3.6.2014		-555.27	0.00
SGD	579,000.00	EUR	339,283.59	3.6.2014		-819.34	0.00
EUR	4,643,232.01	CNH	39,605,000.00	3.6.2014		-2,390.01	0.00
CNH	39,605,000.00	EUR	4,635,447.59	3.7.2014		1,192.37	0.00
USD	413,055,000.00	EUR	302,665,815.70	3.7.2014		58,011.71	0.01

銘柄					株数/額面	ユーロ建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
EUR	302,657,610.13	USD	413,055,000.00	3.6.2014		-46,578.06	0.00
SGD	56,108,000.00	EUR	32,725,976.81	3.7.2014		74,918.67	0.01
AUD	6,700,000.00	EUR	4,532,076.62	3.7.2014		28,175.76	0.00
EUR	4,541,344.54	AUD	6,700,000.00	3.6.2014		-28,433.04	0.00
CHF	4,735,000.00	EUR	3,875,784.98	3.7.2014		7,254.51	0.00
EUR	3,874,557.62	CHF	4,735,000.00	3.6.2014		-7,100.67	0.00
EUR	1,088,832.99	GBP	883,000.00	3.6.2014		3,420.18	0.00
GBP	883,000.00	EUR	1,088,611.50	3.7.2014		-3,376.31	0.00
EUR	32,724,182.64	SGD	56,108,000.00	3.6.2014		-74,698.54	-0.01
SEK	631,830,000.00	EUR	70,030,311.78	2.6.2014		-711,065.60	-0.07
EUR	324,390,003.21	GBP	262,970,000.00	2.6.2014		1,138,580.03	0.11
GBP	262,970,000.00	EUR	324,146,091.93	2.9.2014		-1,119,165.32	-0.11
EUR	69,928,026.69	SEK	631,830,000.00	2.9.2014		700,173.11	0.07
CHF	155,000.00	EUR	126,977.26	3.7.2014		133.85	0.00
USD	6,505,000.00	EUR	4,785,195.83	3.7.2014		-17,747.19	0.00
SGD	585,700.00	EUR	343,150.55	3.7.2014		-748.67	0.00
AUD	105,000.00	EUR	71,084.66	3.7.2014		381.98	0.00
GBP	10,000.00	EUR	12,290.02	3.7.2014		0.30	0.00
CNH	540,000.00	EUR	63,292.82	3.7.2014		-73.89	0.00
EUR	69,817.55	CNH	594,000.00	4.6.2014		150.98	0.00
CNH	930,000.00	EUR	109,128.89	3.7.2014		-251.85	0.00
SGD	1,183,700.00	EUR	692,144.51	3.7.2014		-150.14	0.00
CHF	370,000.00	EUR	303,440.36	3.7.2014		-13.83	0.00
為替予約取引(購入/売却)合計						9,578,353.20	0.91

銀行預金、要求払い預金および貯蓄預金ならびにその他流動資産						97,415,233.21	9.26
その他の資産および負債						-4,307,055.94	-0.42
純資産合計						1,052,509,525.70	100.00

ケイマン籍外国投資信託 UBS(CAY)グローバル・グロース・アンド・インカムクラスAの運用状況
当ファンドは、「UBSディフェンシブ・インベストメント・マザーファンド」が投資対象とする外国投資信託証券です。
なお、「UBSディフェンシブ・インベストメント・マザーファンド」の運用報告書の作成基準日(2015年8月10日)現在において、当ファンドは第1期決算日を迎えておりませんので、開示すべき情報はございません。
UBS(Lux)キー・セレクション・シキャブ-ダイナミック・アルファ(USD)(ルクセンブルグ籍外国投資信託)の運用状況
当ファンドは「UBSディフェンシブ・インベストメント・マザーファンド」が投資対象とする外国投資信託証券です。
ご参考として、掲載されている当ファンドの損益計算書及び投資有価証券明細表は、2014年9月30日現在の現地Annual Reportからの抜粋であり、現地の会計基準に基づき作成され、監査を受けたものです。
UBS(Lux)キー・セレクション・シキャブ-ダイナミック・アルファ(USD)(ルクセンブルグ籍外国投資信託)
連結

Statement of Operations

損益計算書
(損益項目仮訳)

自 2013年10月1日至 2014年9月30日
米ドル

Income	収益
Interest on liquid assets	流動資産等に係る受取利息		41,920.30
Interest on securities	有価証券に係る受取利息		6,107,118.59
Dividends	配当金		137,689.39
Interest received on swaps	スワップ取引に係る受取利息		3,394,951.56
Income on securities lending	有価証券の貸付に係る収益		156,934.24
Other income	その他収益		58,639.59
Total income	収益合計		9,897,253.67

Expenses	費用
Interest paid on swaps	スワップ取引に係る支払利息	-1,119,091.56
Flat fee	均一費用	-1,777,612.45
Taxe d’abonnement	年次税		-74,741.72
Cost on securities lending	有価証券の貸付に係る費用		-62,773.69
Interest on cash liquidity and bank overdraft	当座借越等に係る支払利息		-13,008.49
Total expenses	費用合計	-3,047,227.91

Net income (loss) on investments	投資純利益(損失)		6,850,025.76

Realized gain (loss)	実現(損)益
Realized gain (loss) on market-priced securities without options	無オプション市場価格証券に係る実現(損)益	2,678,421.61
Realized gain (loss) on options	オプション取引に係る実現(損)益	4,092,791.46
Realized gain (loss) on yield-evaluated securities and money market instruments	利回り評価有価証券および短期金融商品に係る実現(損)益	45,426.25
Realized gain (loss) on financial futures	金融先物取引に係る実現(損)益	7,770,231.72
Realized gain (loss) on options, futures-styled	オプション取引に係る実現(損)益	-767,280.60
Realized gain (loss) on forward foreign exchange contracts	為替予約取引に係る実現(損)益	-2,945,443.37
Realized gain (loss) on swaps	スワップ取引に係る実現(損)益	-970,364.75
Realized result on subscriptions/redemptions	追加設定/一部解約に係る実現損益	915,031.46
Total realized gain (loss) on investments	投資実現(損)益合計	10,818,813.78
Realized gain (loss) on foreign exchange	為替差(損)益	-1,040,733.10
Total realized gain (loss)	実現(損)益合計	9,778,080.68

Net realized gain (loss) of the financial year	当期実現純(損)益	16,628,106.44

Statement of Operations

損益計算書
(損益項目仮訳)

自 2013年10月1日至 2014年9月30日
米ドル

Changes in unrealized appreciation (depreciation)	未実現評価(損)益の変動
Unrealized appreciation (depreciation) on market-priced securities without options	無オプション市場価格証券に係る未実現評価(損)益	-2,096,595.72
Unrealized appreciation (depreciation) on options	オプションに係る未実現評価(損)益	-1,663,370.63
Unrealized appreciation (depreciation) on yield-evaluated securities and money market instruments	利回り評価有価証券および短期金融商品に係る未実現評価(損)益	7,022.61
Unrealized appreciation (depreciation) on financial futures	金融先物取引に係る未実現評価(損)益	-120,976.50
Unrealized appreciation (depreciation) on options, futures-styled	オプション取引に係る未実現(損)益	-118,927.42
Unrealized appreciation (depreciation) on forward foreign exchange contracts	為替予約取引に係る未実現評価(損)益	4,916,838.94
Unrealized appreciation (depreciation) on swaps	スワップ取引に係る未実現評価(損)益	-88,752.47
Total changes in unrealized appreciation (depreciation)	未実現評価(損)益の変動合計	835,238.81

Net increase (decrease) in net assets as a result of operations	純資産の純増(減)額	17,463,345.25

2014年9月30日現在の投資有価証券その他の純資産明細表

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
公認の証券取引所に上場されている譲渡性のある有価証券および金融商品
クローズドエンド型投資信託証券
バミューダ
USD	BLUE CAPITAL GLOBAL REINSURANCE FUND LTD	967,734.00	1,034,265.71	0.22
バミューダ合計			1,034,265.71	0.22
ジャージー
EUR	CVC CREDIT PARTNERS EUROPEAN OPPORTUNITIES LTD	1,947,651.00	2,590,769.74	0.55
ジャージー合計			2,590,769.74	0.55
クローズドエンド型投資信託証券合計			3,625,035.45	0.77

固定利付ノート
ユーロ
EUR	BACARDI LTD-REG-S 2.75000% 13-03.07.23	290,000.00	396,664.67	0.08
EUR	MICROSOFT CORP 2.62500% 13-02.05.33	265,000.00	354,625.98	0.08
EUR	PETROBRAS GLOBAL FINANCE BV 3.25000% 12-01.04.19	200,000.00	266,166.77	0.06
ユーロ合計			1,017,457.42	0.22
イギリスポンド
GBP	BRITISH TELECOMMUNICATIONS PLC STEP-UP 01-07.12.16	260,000.00	480,635.31	0.10
イギリスポンド合計			480,635.31	0.10
米ドル
USD	AETNA INC 2.20000% 14-15.03.19	85,000.00	84,187.06	0.02
USD	AETNA INC 4.75000% 14-15.03.44	60,000.00	61,003.98	0.01
USD	AMERICA MOVIL SAB DE CV 5.00000% 10-30.03.20	390,000.00	426,780.90	0.09
USD	AMERICAN INTERNATIONAL GROUP INC 4.50000% 14-16.07.44	170,000.00	167,949.80	0.04
USD	ARCELOR MITTAL STEP 09-15.02.15	330,000.00	339,075.00	0.07
USD	AT&T INC 5.55000% 11-15.08.41	375,000.00	407,377.88	0.09
USD	BANK OF TOKYO-MITSUBISHI UFJ LTD-REG-S 2.35000% 14-08.09.19	330,000.00	326,818.80	0.07
USD	BARCLAYS PLC-SUB 4.37500% 14-11.09.24	650,000.00	629,954.00	0.13
USD	BBVA US SENIOR SA UNIPERSONAL 4.66400% 12-09.10.15	250,000.00	259,446.75	0.05
USD	BHP BILLITON FINANCE USA LTD 5.00000% 13-30.09.43	170,000.00	184,489.10	0.04
USD	BOSTON SCIENTIFIC CORP 6.00000% 09-15.01.20	395,000.00	450,347.80	0.10
USD	BP CAPITAL MARKETS PLC 1.37500% 13-10.05.18	295,000.00	289,708.59	0.06
USD	BP CAPITAL MARKETS PLC 2.75000% 13-10.05.23	150,000.00	141,672.30	0.03
USD	CATERPILLAR INC 4.75000% 14-15.05.64	220,000.00	228,413.02	0.05
USD	CENTRICA PLC-144A 5.37500% 13-16.10.43	200,000.00	216,454.20	0.05
USD	CF INDUSTRIES INC 5.15000% 14-15.03.34	270,000.00	284,516.28	0.06
USD	CHEVRON CORP 2.42700% 13-24.06.20	135,000.00	136,460.70	0.03
USD	CITIGROUP INC 6.00000% 07-15.08.17	840,000.00	940,779.84	0.20
USD	CNPC GENERAL CAPITAL LTD-REG-S 3.40000% 13-16.04.23	200,000.00	191,584.00	0.04
USD	COCA-COLA FEMSA SA 2.37500% 13-26.11.18	280,000.00	281,191.40	0.06
USD	CONOCOPHILLIPS 4.60000% 09-15.01.15	375,000.00	379,340.63	0.08
USD	DIRECTV HOLDINGS LLC/FINANCING INC 5.00000% 11-01.03.21	590,000.00	653,342.40	0.14
USD	DNB BANK ASA-REG-S 3.20000% 12-03.04.17	250,000.00	260,675.00	0.06
USD	EXXON MOBIL CORP 0.92100% 14-15.03.17	50,000.00	49,904.35	0.01
USD	EXXON MOBIL CORP 1.81900% 14-15.03.19	230,000.00	229,922.72	0.05
USD	FREEPORT MCMORAN COPPER & GOLD INC 3.10000% 13-15.03.20	255,000.00	253,001.56	0.05
USD	GS GALTEX CORP-REG-S 5.50000% 07-24.04.17	250,000.00	270,925.00	0.06
USD	HEWLETT-PACKARD CO 2.62500% 11-09.12.14	521,000.00	523,188.72	0.11
USD	HSBC HOLDINGS PLC 5.10000% 11-05.04.21	640,000.00	720,192.64	0.15
USD	HUTCHISON WHAMPOA INTL LTD-REG-S 7.62500% 09-09.04.19	250,000.00	303,375.00	0.06
USD	IMPERIAL TOBACCO FINANCE PLC-144A 2.05000% 13-11.02.18	330,000.00	328,664.16	0.07
USD	INTERNATIONAL BUSINESS MACHINES CORP 3.37500% 13-01.08.23	380,000.00	383,672.70	0.08
USD	JOHNSON CONTROLS INC 3.62500% 14-02.07.24	145,000.00	143,782.73	0.03
USD	JOHNSON CONTROLS INC 4.95000% 14-02.07.64	110,000.00	107,324.14	0.02
USD	JP MORGAN CHASE & CO-SUB 3.87500% 14-10.09.24	155,000.00	151,953.17	0.03
USD	JPMORGAN CHASE & CO 3.20000% 13-25.01.23	1,725,000.00	1,683,910.50	0.36
USD	JUNIPER NETWORKS INC 4.50000% 14-15.03.24	250,000.00	257,610.50	0.05
USD	KINDER MORGAN ENERGY PARTNERS LP 3.50000% 14-01.03.21	65,000.00	65,220.61	0.01
USD	LINCOLN NATIONAL CORP 4.20000% 12-15.03.22	495,000.00	521,935.92	0.11
USD	LORILLARD TOBACCO CO 6.87500% 10-01.05.20	100,000.00	117,251.50	0.02
USD	LOWE’S COMPANIES INC 4.25000% 14-15.09.44	325,000.00	316,699.18	0.07

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
USD	MCKESSON CORP 4.88300% 14-15.03.44	95,000.00	97,821.88	0.02
USD	MERCK & CO INC 6.55000% 07-15.09.37	212,000.00	280,984.17	0.06
USD	MONDELEZ INTL 5.37500% 10-10.02.20	310,000.00	351,464.05	0.07
USD	NEXEN INC 6.40000% 07-15.05.37	310,000.00	377,763.21	0.08
USD	PERRIGO CO-144A 4.00000% 13-15.11.23	200,000.00	203,473.20	0.04
USD	PETROBRAS GLOBAL FINANCE BV 4.375% 13-20.05.23	60,000.00	56,221.80	0.01
USD	PETROBRAS GLOBAL FINANCE BV 5.62500% 13-20.05.43	85,000.00	75,289.94	0.02
USD	QTEL INTERNATIONAL FIN LTD-REG-S 3.87500% 13-31.01.28	200,000.00	188,528.00	0.04
USD	RABOBANK NEDERLAND NV 1.70000% 13-19.03.18	510,000.00	509,522.64	0.11
USD	REYNOLDS AMERICAN INC 6.75000% 07-15.06.17	445,000.00	502,231.45	0.11
USD	SEMPRA ENERGY 6.00000% 09-15.10.39	270,000.00	335,427.75	0.07
USD	SINOPEC CAPITAL 2013 LTD-REG-S 3.12500% 13-24.04.23	590,000.00	554,470.20	0.12
USD	SUNCORP-METWAY LTD-REG-S 1.70000% 14-28.03.17	290,000.00	290,433.26	0.06
USD	SVENSKA HANDELSBANKEN AB-REG-S 5.12500% 10-30.03.20	420,000.00	475,771.80	0.10
USD	SWEDBANK MORTGAGE AB-REG-S 2.37500% 12-05.04.17	310,000.00	318,835.00	0.07
USD	TELSTRA CORP LTD-REG-S 4.80000% 11-12.10.21	205,000.00	229,532.35	0.05
USD	THERMO FISHER SCIENTIFIC INC 5.30000% 13-01.02.44	60,000.00	65,855.40	0.01
USD	THOMSON REUTERS CORP 1.30000% 13-23.02.17	380,000.00	379,341.84	0.08
USD	TIME WARNER CABLE INC 5.00000% 09-01.02.20	680,000.00	755,647.28	0.16
USD	TRANSOCEAN LTD 6.80000% 07-15.03.38	235,000.00	228,842.53	0.05
USD	TYSON FOODS INC 3.95000% 14-15.08.24	150,000.00	150,262.50	0.03
USD	TYSON FOODS INC 5.15000% 14-15.08.44	120,000.00	124,175.28	0.03
USD	UNITED AIRLINES 2014-2 CLAS A PAS THR 3.75000% 14-03.09.26	135,000.00	136,687.50	0.03
USD	VALERO ENERGY CORP 6.62500% 07-15.06.37	330,000.00	393,976.44	0.08
USD	VIACOM INC 2.50000% 13-01.09.18	90,000.00	91,131.12	0.02
USD	VIRGINIA ELECTRIC & POWER CO 6.00000% 07-15.05.37	195,000.00	246,776.99	0.05
USD	WELLPOINT INC 5.10000% 13-15.01.44	150,000.00	159,376.65	0.03
USD	WILLIAMS PARTNERS LP 4.30000% 14-04.03.24	105,000.00	107,095.28	0.02
USD	WPP FINANCE 2010 3.75000% 14-19.09.24	220,000.00	216,976.98	0.05
米ドル合計			21,674,021.02	4.58
固定利付ノート合計			23,172,113.75	4.90

変動利付ノート
ユーロ
EUR	ALLIANZ FINANCE BV-SUB 4.37500%/FLR 05-PRP	280,000.00	368,523.37	0.08
ユーロ合計			368,523.37	0.08
イギリスポンド
GBP	LIVERPOOL VICTORIA FRIENDLY-REG-S-SUB 6.500%/VAR 13-22.05.43	355,000.00	585,677.48	0.12
GBP	YORKSHIRE WATER SERVICES FIN LTD-SUB 6.000%/VAR 10-24.04.25	125,000.00	219,021.42	0.05
イギリスポンド合計			804,698.90	0.17
米ドル
USD	BNP PARIBAS-REG-S-SUB 5.186%/3M LIBOR+168BP 05-PRP	175,000.00	176,750.00	0.04
USD	ELECTRICITE DE FRANCE SA-144A-SUB 5.250%/VAR 13-PRP	155,000.00	157,518.75	0.03
USD	ELECTRICITE DE FRANCE SA-REG-S-SUB 5.625%/VAR 14-PRP	235,000.00	244,611.50	0.05
USD	QBE CAPITAL FUNDING III-REG-S-SUB 7.250%VAR 11-24.05.41	390,000.00	425,100.00	0.09
米ドル合計			1,003,980.25	0.21
変動利付ノート合計			2,177,202.52	0.46

固定利付ミディアム・ターム・ノート
ユーロ
EUR	A.P. MOLLER-MAERSK-REG-S 3.37500% 12-28.08.19	310,000.00	437,409.92	0.09
EUR	ABBEY NATIONAL TREASURY SERVICES PLC 1.75000% 13-15.01.18	395,000.00	516,403.27	0.11
EUR	ACHMEA BANK NV 2.75000% 14-18.02.21	180,000.00	246,319.35	0.05
EUR	ACHMEA BV 2.50000% 13-19.11.20	425,000.00	575,413.21	0.12
EUR	ALSTOM 4.50000% 10-18.03.20	200,000.00	296,411.51	0.06
EUR	ASSICURAZIONI GENERALI SPA 4.87500% 09-11.11.14	210,000.00	266,513.41	0.06
EUR	ASSICURAZIONI GENERALI SPA-REG-S 2.87500% 14-14.01.20	100,000.00	136,691.22	0.03
EUR	AURIZON NETWORK PTY LTD-REG-S 2.00000% 14-18.09.24	315,000.00	395,898.32	0.08
EUR	AVINOR AS-REG-S 1.75000% 14-20.03.21	100,000.00	131,635.70	0.03
EUR	BANK OF AMERICA CORP-REG-S 1.87500% 13-10.01.19	970,000.00	1,276,964.35	0.27
EUR	BANK OF AMERICA CORP-REG-S 1.37500% 14-10.09.21	165,000.00	208,521.71	0.04
EUR	BANQUE FEDERATIVE DU CREDIT MUTUEL 2.00000% 13-19.09.19	300,000.00	401,391.37	0.08
EUR	BARCLAYS BANK PLC-SUB 6.62500% 11-30.03.22	155,000.00	245,520.28	0.05
EUR	BBVA SENIOR FINANCE SA 3.25000% 13-21.03.16	100,000.00	131,582.65	0.03
EUR	BRITISH AMERICAN TOBACCO HLDGS-REG-S 2.37500% 12-19.01.23	405,000.00	547,869.38	0.12
EUR	BRITISH SKY BROADCASTING GRP PLC-REG-S 2.50000% 14-15.09.26	170,000.00	216,932.24	0.05

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
EUR	CLOVERIE PLC FOR ZURICH INS CO-REG-S 1.75000% 14-16.09.24	100,000.00	127,348.23	0.03
EUR	COCA-COLA HBC FINANCE BV 2.37500% 13-18.06.20	410,000.00	545,838.71	0.12
EUR	CREDIT AGRICOLE SA LONDON 2.37500% 14-20.05.24	100,000.00	133,588.69	0.03
EUR	DEUTSCHE TELEKOM INTL FINANCE 4.00000% 05-19.01.15	405,000.00	517,269.61	0.11
EUR	EDP FINANCE BV 3.25000% 10-16.03.15	160,000.00	203,866.32	0.04
EUR	ELENIA FINANCE OYJ-REG-S 2.87500% 13-17.12.20	380,000.00	514,674.32	0.11
EUR	ELIA SYSTEM OPERATOR SA/NV-REG-S 3.25000% 13-04.04.28	200,000.00	283,587.00	0.06
EUR	ESSILOR INTERNATIONAL SA-REG-S 1.75000% 14-09.04.21	100,000.00	132,103.10	0.03
EUR	FGA CAPITAL IRELAND PLC-REG-S 2.62500% 14-17.04.19	235,000.00	304,009.26	0.06
EUR	GALP ENERGIA SGPS SA 4.12500% 13-25.01.19	200,000.00	270,747.32	0.06
EUR	GE CAPITAL EUROPEAN FUNDING 6.02500% 08-01.03.38	265,000.00	522,250.98	0.11
EUR	GOLDMAN SACHS GROUP INC 4.37500% 10-16.03.17	500,000.00	690,808.26	0.15
EUR	GOLDMAN SACHS GROUP INC-REG-S 2.62500% 13-19.08.20	630,000.00	859,953.02	0.18
EUR	GOLDMAN SACHS GROUP INC/THE-REG-S 2.12500% 14-30.09.24	255,000.00	321,974.13	0.07
EUR	HEINEKEN NV-REG-S 2.12500% 12-04.08.20	400,000.00	537,406.76	0.11
EUR	IBERDROLA INTERNATIONAL BV 4.50000% 12-21.09.17	100,000.00	140,813.21	0.03
EUR	ILLINOIS TOOL WORKS INC 3.00000% 14-19.05.34	155,000.00	209,126.23	0.04
EUR	INFRAX CVBA-REG-S 3.75000% 13-30.10.23	100,000.00	139,134.35	0.03
EUR	INTESA SANPAOLO SPA-REG-S 4.37500% 12-15.10.19	200,000.00	291,805.70	0.06
EUR	JEFFERIES GROUP INC-REG-S 2.37500% 14-20.05.20	115,000.00	148,580.18	0.03
EUR	METROPOLITAN LIFE GLOBAL FUNDING-REG-S 1.25000% 14-17.09.21	420,000.00	535,244.58	0.11
EUR	MORGAN STANLEY 2.37500% 14-31.03.21	200,000.00	267,768.58	0.06
EUR	NET4GAS SRO-REG-S 2.50000% 14-28.07.21	355,000.00	449,772.20	0.09
EUR	NOMURA EUROPE FINANCE NV-REG-S 1.87500% 13-29.05.18	300,000.00	390,844.50	0.08
EUR	ORIGIN ENERGY FINANCE LTD-REG-S 2.50000% 13-23.10.20	485,000.00	648,156.33	0.14
EUR	PGE SWEDEN AB-REG-S 1.62500% 14-09.06.19	115,000.00	147,798.61	0.03
EUR	POHJOLA BANK PLC 1.12500% 14-17.06.19	225,000.00	289,233.72	0.06
EUR	PRINCIPAL FINANCIAL GLOBAL FDG II LLC 4.50000% 07-26.01.17	400,000.00	546,224.25	0.12
EUR	PROLOGIS INTERNATIONAL FUNDING II-REG-S 2.87500% 14-04.04.22	125,000.00	168,615.45	0.04
EUR	REDEXIS GAS FINANCE BV-REG-S 2.75000% 14-08.04.21	245,000.00	327,635.82	0.07
EUR	REN FINANCE B V-REG-S 4.75000% 13-16.10.20	170,000.00	248,563.13	0.05
EUR	REPSOL INTERNATIONAL FINANCE BV-REG-S 4.25000% 11-12.02.16	200,000.00	265,456.83	0.06
EUR	REPSOL INTERNATIONAL FINANCE BV 4.37500% 12-20.02.18	100,000.00	141,129.02	0.03
EUR	ROYAL BANK OF SCOTLAND PLC-SUB 6.93400% 08-09.04.18	420,000.00	608,955.98	0.13
EUR	ROYAL BANK OF SCOTLAND GROUP PLC-REG-S 1.50000% 13-28.11.16	150,000.00	192,735.31	0.04
EUR	SABMILLER HOLDINGS INC-REG-S 1.87500% 12-20.01.20	360,000.00	476,971.87	0.10
EUR	SAMPO OYJ-REG-S 1.50000% 14-16.09.21	180,000.00	229,217.73	0.05
EUR	SANTANDER INTERNATIONAL DEBT SA 1.37500% 14-25.03.17	500,000.00	644,282.77	0.14
EUR	SCENTRE MANAGEMENT LTD-REG-S 1.50000% 14-16.07.20	140,000.00	181,108.36	0.04
EUR	SIEMENS FINANCIERINGSMAATSCHAPPIJ NV 5.12500% 09-20.02.17	230,000.00	323,396.80	0.07
EUR	SINOPEC GROUP OVERSEAS DEV2013-REG-S 2.62500% 13-17.10.20	125,000.00	167,435.89	0.04
EUR	SNAM SPA 3.87500% 12-19.03.18	440,000.00	615,064.80	0.13
EUR	SPAREBANK 1 SMN-REG-S 1.50000% 14-20.05.19	145,000.00	188,547.33	0.04
EUR	SPI AUSTRALIA ASSETS PTY LTD-REG-S 2.00000% 14-30.06.22	195,000.00	253,263.12	0.05
EUR	SSE PLC 2.00000% 13-17.06.20	170,000.00	225,511.60	0.05
EUR	TELECOM ITALIA SPA 6.12500% 12-14.12.18	150,000.00	216,783.18	0.05
EUR	TELECOM ITALIA SPA-REG-S 4.87500% 13-25.09.20	120,000.00	166,685.33	0.03
EUR	TELEFONICA EMISIONES SA 4.71000% 12-20.01.20	500,000.00	743,795.29	0.16
EUR	TEOLLISUUDEN VOIMA OY 4.62500% 12-04.02.19	225,000.00	324,626.19	0.07
EUR	TEOLLISUUDEN VOIMA OY REG-S 2.50000% 14-17.03.21	175,000.00	233,119.21	0.05
EUR	TERNA SPA 4.12500% 12-17.02.17	140,000.00	191,652.46	0.04
EUR	TESCO CORPORATE TREASURY SERVICES PLC 2.12500% 13-12.11.20	145,000.00	183,881.95	0.04
EUR	TOTAL CAPITAL CANADA LTD-REG-S 1.87500% 13-09.07.20	100,000.00	134,157.15	0.03
EUR	TRANSURBAN FINANCE CO PTY LTD 2.50000% 13-08.10.20	180,000.00	244,134.18	0.05
EUR	TRANSURBAN FINANCE CO PTY LTD 1.87500% 14-16.09.24	120,000.00	150,997.28	0.03
EUR	TURKIYE VAKIFLAR BANKASI TAO-REG-S 3.50000% 14-17.06.19	150,000.00	187,234.50	0.04
EUR	UNICREDIT SPA-REG-S 3.25000% 14-14.01.21	210,000.00	289,707.06	0.06
EUR	VATTENFALL TREASURY AB 6.75000% 08-31.01.19	100,000.00	159,087.39	0.03
EUR	VEOLIA ENVIRONNEMENT 6.75000% 09-24.04.19	150,000.00	239,358.71	0.05
EUR	VERIZON COMMUNICATIONS INC 3.25000% 14-17.02.26	120,000.00	169,929.36	0.04
EUR	VOLKSWAGEN INTERNATIONAL FIN NV-REG-S 2.12500% 12-19.01.15	225,000.00	285,820.11	0.06
EUR	WPP PLC 6.62500% 08-12.05.16	255,000.00	353,794.01	0.07
ユーロ合計			25,734,061.21	5.45
イギリスポンド
GBP	AA BOND CO LTD-REG-S 4.72010% 13-02.07.43	165,000.00	282,977.40	0.06
GBP	ABN AMRO BANK NV 4.87500% 12-16.01.19	200,000.00	357,113.41	0.07

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
GBP	ANGLIAN WATER SERVICES FINANCING-REG-S 4.50000% 13-22.02.26	100,000.00	167,074.10	0.03
GBP	ARQIVA FINANCE PLC-REG-S 4.04000% 13-30.06.20	330,000.00	547,551.51	0.12
GBP	ARQIVA FINANCING PLC-REG-S 4.88200% 13-31.12.32	150,000.00	256,272.20	0.05
GBP	ASIAN DEVELOPMENT BANK 1.00000% 12-15.12.15	155,000.00	251,926.55	0.05
GBP	BARCLAYS BANK PLC 5.75000% 09-17.08.21	180,000.00	338,577.83	0.07
GBP	CLOSE BROTHERS FINANCE PLC-REG-S 3.87500% 14-27.06.21	335,000.00	560,328.21	0.12
GBP	DEUTSCHE TELEKOM INTL FINANCE BV 6.50000% 09-08.04.22	110,000.00	216,613.20	0.05
GBP	E.ON INTERNATIONAL FINANCE BV 5.87500% 07-30.10.37	50,000.00	98,995.52	0.02
GBP	EUROPEAN INVESTMENT BANK 3.00000% 10-07.12.15	160,000.00	266,016.45	0.06
GBP	EVERYTHING EVERYWHERE FINANCE PLC 4.37500% 12-28.03.19	210,000.00	358,267.02	0.08
GBP	GATWICK FUNDING LTD 5.25000% 12-23.01.24	125,000.00	228,385.59	0.05
GBP	INTER-AMERICAN DEVELOPMENT BANK 0.62500% 13-15.12.15	150,000.00	242,647.25	0.05
GBP	INTERNATIONAL FINANCE CORP 0.62500% 13-15.12.15	165,000.00	266,984.20	0.06
GBP	LLOYDS BANK PLC 7.50000% 09-15.04.24	200,000.00	426,174.39	0.09
GBP	MANCHESTER AIRPORT GROUP FUNDING-REG-S 4.75000% 14-31.03.34	100,000.00	174,656.22	0.04
GBP	NEW YORK LIFE FUNDING 5.12500% 05-03.02.15	170,000.00	279,555.81	0.06
GBP	THAMES WATER UTILITIES FINANCE PLC 5.12500% 06-28.09.37	265,000.00	479,679.48	0.10
GBP	WALES & WEST UTILITIES FINANCE PLC 5.12500% 09-02.12.16	455,000.00	790,149.40	0.17
GBP	WESTERN POWER DISTRIBUTION WEST MIDLAND 5.75000% 11-16.04.32	125,000.00	242,726.68	0.05
イギリスポンド合計			6,832,672.42	1.45
米ドル
USD	AIA GROUP LTD-REG-S 1.75000% 13-13.03.18	330,000.00	324,779.40	0.07
USD	AIA GROUP LTD-REG-S 2.25000% 14-11.03.19	250,000.00	248,125.00	0.05
USD	BANK OF AMERICA CORP-SUB 4.20000% 14-26.08.24	215,000.00	213,140.90	0.05
USD	BNP PARIBAS SA 2.70000% 13-20.08.18	310,000.00	315,755.46	0.07
USD	GENERAL ELECTRIC CAPITAL CORP 4.37500% 10-16.09.20	470,000.00	513,799.77	0.11
USD	GENERAL ELECTRIC CAPITAL CORP 6.75000% 02-15.03.32	790,000.00	1,041,565.23	0.22
USD	MORGAN STANLEY 2.37500% 14-23.07.19	1,110,000.00	1,092,448.68	0.23
USD	MORGAN STANLEY-SUB 4.35000% 14-08.09.26	290,000.00	285,016.93	0.06
USD	NAVIENT LLC 6.25000% 11-25.01.16	295,000.00	306,210.00	0.06
USD	PERTAMINA PT-REG-S 6.45000% 14-30.05.44	425,000.00	429,968.25	0.09
USD	TENCENT HOLDINDS LTD-REG-S 3.37500% 14-02.05.19	320,000.00	323,561.60	0.07
USD	WACHOVIA CORP 5.75000% 08-01.02.18	845,000.00	952,499.21	0.20
米ドル合計			6,046,870.43	1.28
固定利付ミディアム・ターム・ノート合計			38,613,604.06	8.18

変動利付ミディアム・ターム・ノート
ユーロ
EUR	BNP PARIBAS SA-REG-S-SUB 2.875%/VAR 14-20.03.26	180,000.00	234,679.51	0.05
EUR	CITIGROUP INC-SUB 4.750%/3M EURIBOR+74BP 07-31.05.17	395,000.00	494,368.15	0.10
EUR	HEATHROW FUNDING -REG-S 4.600%/12M EURIBOR+400BP 08-15.02.20	360,000.00	512,907.80	0.11
EUR	LLOYDS BANK PLC-REG-S-SUB 11.875%/VAR 11-16.12.21	175,000.00	269,743.67	0.06
EUR	SANTOS FIN LTD-SUB 8.250%/3M EURIBOR+685.1BP 10-22.09.70	170,000.00	242,526.44	0.05
EUR	UBS AG-REG-S-SUB 4.750%/VAR 14-12.02.26	145,000.00	191,789.45	0.04
ユーロ合計			1,946,015.02	0.41
イギリスポンド
GBP	BELFIUS FUNDING NV-SUB 5.875%/3M LIBOR+70BP 07-09.02.17	180,000.00	280,134.72	0.06
GBP	IMPERIAL TOBACCO FINANCE 9.00000%/RATING LINKED 09-17.02.22	85,000.00	184,806.07	0.04
GBP	NATIONAL EXPRESS GROUP PLC 6.250%/RATING LINKED 10-13.01.17	155,000.00	272,855.51	0.06
GBP	SSE PLC-REG-S-SUB 5.45300%/FLR 10-PRP	100,000.00	165,973.34	0.03
GBP	THAMES WATER UTILITIES CAYMAN FIN-SUB 5.375%/VAR 10-21.07.25	135,000.00	233,424.44	0.05
GBP	WALES & WEST UTILITIES FINANCE PLC 6.750%/VAR 10-17.12.36	50,000.00	92,359.35	0.02
イギリスポンド合計			1,229,553.43	0.26
米ドル
USD	CREDIT SUISSE GROUP GUERNS-REG-S-SUB 7.875%/VAR 11-24.02.41	220,000.00	233,046.00	0.05
USD	ROYAL BANK OF SCOT-SUB 3M LIBOR+20BP/3M LIB+70BP 05-09.03.15	255,000.00	254,018.25	0.05
USD	STANDARD CHARTERED-REG-S-SUB 4.000%/H15T5Y+335BP 12-12.07.22	550,000.00	564,624.50	0.12
USD	UNICREDIT SPA-REG-S-SUB 6.375%/VAR 13-02.05.23	425,000.00	447,117.00	0.10
USD	UNITED OVERSEAS BANK LTD-REG-S-SUB 3.75%/VAR 14-19.09.24	200,000.00	200,996.00	0.04
米ドル合計			1,699,801.75	0.36
変動利付ミディアム・ターム・ノート合計			4,875,370.20	1.03

固定利付債券
オーストラリアドル
AUD	AUSTRALIA 4.25000% 11-21.07.17	8,526,000.00	7,768,951.45	1.64
AUD	AUSTRALIA 4.50000% 09-15.04.20	8,463,000.00	7,947,634.27	1.68

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
AUD	AUSTRALIA 4.75000% 10-15.06.16	8,479,000.00	7,685,242.99	1.63
オーストラリアドル合計			23,401,828.71	4.95
ユーロ
EUR	AIGUES DE BARCELONA FINANCE SAU-REG-S 1.94400% 14-15.09.21	130,000.00	163,764.32	0.03
EUR	AON PLC 2.87500% 14-14.05.26	110,000.00	147,814.65	0.03
EUR	AT&T INC 2.50000% 13-15.03.23	190,000.00	254,646.56	0.05
EUR	BHARTI AIRTEL INTL NETHERLANDS BV-REG-S 4.00000% 13-10.12.18	340,000.00	467,726.65	0.10
EUR	BHARTI AIRTEL INTL NETHERLANDS BV-REG-S 3.37500% 14-20.05.21	100,000.00	133,867.87	0.03
EUR	CHRISTIAN DIOR SA-REG-S 1.37500% 14-19.06.19	200,000.00	255,717.17	0.05
EUR	COCA-COLA CO/THE 1.87500% 14-22.09.26	175,000.00	222,830.67	0.05
EUR	EI TOWERS SPA 3.87500% 13-26.04.18	160,000.00	216,007.66	0.05
EUR	EMIRATES TELECOM CORP-REG-S 2.75000% 14-18.06.26	175,000.00	230,185.62	0.05
EUR	EUTELSAT SA-REG-S 2.62500% 13-13.01.20	100,000.00	135,249.86	0.03
EUR	ITALY, REPUBLIC OF-BTP 5.00000% 09-01.09.40	9,150,000.00	14,381,959.13	3.05
EUR	ITALY, REPUBLIC OF-BTP 4.75000% 13-01.09.44	8,140,000.00	12,425,801.98	2.63
EUR	KEMIRA OYJ 2.50000% 14-27.05.19	180,000.00	231,266.46	0.05
EUR	KONINKLIJKE KPN NV 6.50000% 08-15.01.16	420,000.00	571,927.85	0.12
EUR	MONDELEZ INTERNATIONAL INC 2.37500% 13-26.01.21	530,000.00	713,309.27	0.15
EUR	PEMEX PROJECT FUNDING MSTER TRUST-REG-S 5.50000% 05-24.02.25	225,000.00	355,678.46	0.08
EUR	PHILIP MORRIS INTERNATIONAL INC 1.75000% 13-19.03.20	320,000.00	421,969.96	0.09
EUR	PRICELINE.COM INC-REG-S 2.37500% 14-23.09.24	190,000.00	241,772.03	0.05
EUR	PROSIEBEN SAT.1 MEDIA AG-REG-S 2.62500% 14-15.04.21	325,000.00	422,310.47	0.09
EUR	SPAREBANK 1 SR BANK ASA-REG-S 2.12500% 14-14.04.21	400,000.00	529,079.42	0.11
EUR	SPP-DISTRIBUCIA AS-REG-S 2.62500% 14-23.06.21	160,000.00	207,399.37	0.04
EUR	STE AUTOROUTES PARIS RHIN RHONE-REG-S 2.25000% 14-16.01.20	400,000.00	536,891.36	0.11
EUR	TENNET BV-SUB 6.65500% 10-PRP	140,000.00	197,062.46	0.04
ユーロ合計			33,464,239.25	7.08
イギリスポンド
GBP	BUPA FINANCE PLC 3.37500% 14-17.06.21	105,000.00	171,597.83	0.04
GBP	BUPA FINANCE PLC-REG-S-SUB 5.00000% 13-25.04.23	100,000.00	164,801.25	0.04
GBP	NORTHERN GAS NETWORKS FINANCE PLC 5.87500% 09-08.07.19	140,000.00	257,548.54	0.05
GBP	SCOTTISH WIDOWS PLC-REG-S-SUB 5.50000% 13-16.06.23	185,000.00	311,630.35	0.07
GBP	TESCO PROPERTY FINANCE 4 PLC 5.80060% 11-13.10.40	125,000.00	210,850.27	0.04
イギリスポンド合計			1,116,428.24	0.24
米ドル
USD	21ST CENTURY FOX AMERICA INC 6.20000% 04-15.12.34	465,000.00	564,643.92	0.12
USD	AMERICAN AIRLINES PASS THROUGH TRUST 4.37500% 14-01.10.22	55,000.00	55,401.50	0.01
USD	BARCLAYS PLC-REG-S 2.25000% 12-10.05.17	350,000.00	358,732.50	0.08
USD	CISCO SYSTEMS INC 2.90000% 14-04.03.21	100,000.00	100,952.70	0.02
USD	SUNCOR ENERGY INC 6.50000% 07-15.06.38	320,000.00	407,481.60	0.09
米ドル合計			1,487,212.22	0.32
固定利付債券合計			59,469,708.42	12.59

変動利付債券
ユーロ
EUR	AMERICA MOVIL SAB DE CV-REG-S-SUB 5.12500% 13-06.09.73	165,000.00	224,917.31	0.05
EUR	AVIVA PLC-SUB 4.72910%/FLR 04-PRP	305,000.00	383,653.76	0.08
EUR	BPCE SA-REG-S-SUB 2.750%/VAR 14-08.07.26	200,000.00	254,666.15	0.05
EUR	CNP ASSURANCES-REG-S-SUB 4.250%/VAR 14-05.06.45	100,000.00	129,483.12	0.03
EUR	CREDIT LOGEMENT SA-SUB 4.60400%/3M EURIBOR+115BP 06-PRP	100,000.00	110,011.39	0.02
EUR	GDF SUEZ-SUB 4.750%/VAR 13-PRP	400,000.00	555,632.93	0.12
EUR	HSBC CAPITAL FUNDING-SUB 5.13/FLR 04-29.03.PRP	90,000.00	118,850.73	0.03
EUR	HSBC HOLDINGS PLC-144A-REG-S-SUB 5.25000%/VAR 14-PRP	375,000.00	469,526.34	0.10
EUR	RABOBANK NEDERLAND NV REG-S-SUB 2.500%/VAR 14-26.05.26	455,000.00	579,095.34	0.12
ユーロ合計			2,825,837.07	0.60
イギリスポンド
GBP	BUPA FINANCE PLC 6.125%/VAR 04-PRP	65,000.00	111,776.26	0.02
GBP	ORANGE SA-REG-S-SUB 5.875%/VAR 14-PRP	200,000.00	327,375.03	0.07
GBP	SIEMENS FINANCIERING-SUB 6.125%/3M EURIBOR+225BP 06-14.09.66	140,000.00	240,803.36	0.05
イギリスポンド合計			679,954.65	0.14
変動利付債券合計			3,505,791.72	0.74

公認の証券取引所に上場されている譲渡性のある有価証券および金融商品合計			135,235,352.92	28.67

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
他の規制ある市場で取引されている譲渡性のある有価証券および金融商品
ゼロ・クーポン・トレジャリービル
米ドル
USD	AMERICA, UNITED STATES OF TB 0.00000% 14.11.13-13.11.14	58,469,000.00	58,465,993.52	12.38
USD	AMERICA, UNITED STATES OF TB 0.00000% 09.01.14-08.01.15	63,472,000.00	63,464,313.90	13.43
USD	AMERICA, UNITED STATES OF TB 0.00000% 11.09.14-12.03.15	60,850,000.00	60,841,597.95	12.88
米ドル合計			182,771,905.37	38.69
ゼロ・クーポン・トレジャリービル合計			182,771,905.37	38.69

固定利付ノート
カナダドル
CAD	BANK OF MONTREAL 6.02000% 08-02.05.18	310,000.00	314,365.85	0.06
CAD	BANK OF NOVA SCOTIA 4.10000% 10-08.06.17	460,000.00	435,299.26	0.09
CAD	CANADIAN IMPERIAL BANK 3.40000% 11-14.01.16	345,000.00	315,940.99	0.07
CAD	ROYAL BANK OF CANADA 2.98000% 12-07.05.19	295,000.00	271,208.64	0.06
CAD	TELUS CORP 3.75000% 14-17.01.25	95,000.00	84,806.51	0.02
カナダドル合計			1,421,621.25	0.30
米ドル
USD	ABB FINANCE USA INC 2.87500% 12-08.05.22	310,000.00	306,387.26	0.07
USD	ABBEY NATIONAL TREASURY SERVICES 4.00000% 14-13.03.24	290,000.00	293,921.67	0.06
USD	ABBVIE INC 2.90000% 13-06.11.22	355,000.00	339,423.67	0.07
USD	ABBVIE INC 4.40000% 13-06.11.42	210,000.00	197,288.70	0.04
USD	ACTAVIS FUNDING SCS-144A 1.30000% 14-15.06.17	60,000.00	58,879.56	0.01
USD	ALLTEL CORP 7.87500% 02-01.07.32	330,000.00	468,444.24	0.10
USD	ALTRIA GROUP INC 4.25000% 12-09.08.42	735,000.00	666,495.80	0.14
USD	AMERICAN EXPRESS CREDIT CORP 1.30000% 13-29.07.16	210,000.00	211,400.70	0.04
USD	AMERICAN INTERNATIONAL GROUP INC 3.37500% 13-15.08.20	400,000.00	411,963.60	0.09
USD	AMERICAN TOWER CORP 3.40000% 13-15.02.19	110,000.00	112,383.70	0.02
USD	ANADARKO PETROLEUM CORP 6.37500% 10-15.09.17	640,000.00	725,451.52	0.15
USD	APACHE CORP 4.75000% 12-15.04.43	485,000.00	484,678.45	0.10
USD	AUSTRALIA & NEW ZEALAND BNK-REG-S-SUB 4.50000% 14-19.03.24	260,000.00	262,234.96	0.06
USD	BERKSHIRE HATHAWAY FINANCE CORP 1.30000% 13-15.05.18	185,000.00	182,336.18	0.04
USD	BRANCH BANKING & TRUST CO 1.35000% 14-01.10.17	250,000.00	248,293.75	0.05
USD	BURLINGTON NORTHERN SANTE FE CORP 5.40000% 11-01.06.41	180,000.00	202,454.46	0.04
USD	CANADIAN IMPERIAL BANK OF COMMERCE 1.35000% 13-18.07.16	315,000.00	318,161.97	0.07
USD	CAPITAL ONE FINANCIAL CORP 1.00000% 12-06.11.15	565,000.00	566,576.92	0.12
USD	CHEVRON CORP 2.35500% 12-05.12.22	160,000.00	152,367.20	0.03
USD	COCA-COLA CO 1.80000% 11-01.09.16	350,000.00	356,907.60	0.08
USD	COMMONWEALTH BANK OF AUSTRALIA 1.12500% 14-13.03.17	310,000.00	308,680.02	0.07
USD	DIAGEO CAPITAL PLC 3.87500% 13-29.04.43	205,000.00	190,927.98	0.04
USD	DUKE ENERGY CORP 3.05000% 12-15.08.22	320,000.00	317,827.20	0.07
USD	ELECTRICITE DE FRANCE-REG-S 6.95000% 09-26.01.39	130,000.00	172,818.75	0.04
USD	ENABLE MIDSTREAM PARTNERS LP-144A 2.40000% 14-15.05.19	110,000.00	108,849.07	0.02
USD	ENERGY TRANSFER PARTNERS LP 6.05000% 11-01.06.41	380,000.00	413,853.06	0.09
USD	ENTERPRISE PRODUCTS OPERATING LLC 4.85000% 13-15.03.44	255,000.00	259,016.76	0.05
USD	ENTERPRISE PRODUCTS OPERATING LLC 5.20000% 10-01.09.20	210,000.00	235,805.64	0.05
USD	ERAC USA FINANCE LLC-144A 5.62500% 12-15.03.42	205,000.00	231,522.90	0.05
USD	EXPRESS SCRIPTS HOLDING CO 2.25000% 14-15.06.19	305,000.00	300,726.95	0.06
USD	FIFTH THIRD BANK 2.87500% 14-01.10.21	295,000.00	290,393.57	0.06
USD	FORD MOTOR CREDIT CO LLC 3.00000% 12-12.06.17	865,000.00	892,745.74	0.19
USD	FREEPORT MCMORAN COPPER & GOLD INC 3.87500% 13-15.03.23	265,000.00	261,372.95	0.06
USD	GENERAL ELECTRIC CO 4.12500% 12-09.10.42	175,000.00	173,871.77	0.04
USD	GENERAL, ELECTRIC CAPITAL CORP 1.00000% 12-11.12.15	435,000.00	437,379.02	0.09
USD	GEORGIA POWER CO 5.40000% 10-01.06.40	235,000.00	271,941.53	0.06
USD	GILEAD SCIENCES INC 4.80000% 14-01.04.44	225,000.00	236,466.45	0.05
USD	GLAXOSMITHKLINE CAPITAL PLC 1.50000% 12-08.05.17	355,000.00	357,406.90	0.08
USD	GLENCORE FUNDING LLC-144A 2.50000% 13-15.01.19	280,000.00	274,097.60	0.06
USD	GLENCORE FUNDING LLC-144A 3.12500% 14-29.04.19	230,000.00	230,138.00	0.05
USD	HARTFORD FINANCIAL SERVICES GROUP INC 4.30000% 13-15.04.43	195,000.00	186,525.30	0.04
USD	INTESA SANPAOLO SPA 3.87500% 13-16.01.18	310,000.00	323,250.95	0.07
USD	INTESA SANPAOLO SPA-144A 3.62500% 10-12.08.15	215,000.00	219,659.69	0.05
USD	JAPAN TOBACCO INC-REG-S 2.10000% 13-23.07.18	200,000.00	201,520.60	0.04
USD	JPMORGAN CHASE & CO 1.80000% 13-25.01.18	345,000.00	344,259.29	0.07
USD	KELLOGG CO 1.87500% 11-17.11.16	291,000.00	295,417.09	0.06
USD	KINDER MORGAN ENERGY PARTNERS LP 5.00000% 13-01.03.43	380,000.00	351,336.22	0.07

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
USD	KINDER MORGAN INC-144A 5.00000% 13-15.02.21	290,000.00	302,325.00	0.06
USD	KRAFT FOODS GROUP INC 5.00000% 13-04.06.42	285,000.00	297,954.10	0.06
USD	LABORATORY CORP AMERICA HOLDINGS 2.50000% 13-01.11.18	200,000.00	200,941.80	0.04
USD	LIBERTY MUTUAL GROUP INC-144A 4.25000% 13-15.06.23	365,000.00	373,037.66	0.08
USD	LYB INTERNATIONAL FINANCE BV 5.25000% 13-15.07.43	185,000.00	199,290.88	0.04
USD	MARATHON PETROLEUM CORP 3.62500% 14-15.09.24	325,000.00	318,129.18	0.07
USD	MEDTRONIC INC 4.62500% 14-15.03.44	90,000.00	92,634.30	0.02
USD	METLIFE INC 4.87500% 13-13.11.43	400,000.00	425,596.00	0.09
USD	MICROSOFT CORP 3.50000% 12-15.11.42	275,000.00	246,579.57	0.05
USD	MONSANTO CO 4.20000% 14-15.07.34	265,000.00	266,932.91	0.06
USD	MORGAN STANLEY 6.37500% 12-24.07.42	140,000.00	174,795.32	0.04
USD	MOSAIC CO 5.45000% 13-15.11.33	170,000.00	187,910.35	0.04
USD	NBC UNIVERSAL INC 4.37500% 11-01.04.21	570,000.00	620,929.50	0.13
USD	NBC UNIVERSAL INC 5.15000% 11-30.04.20	445,000.00	505,242.32	0.11
USD	NIPPON TELEGRAPH & TELEPHONE 1.40000% 12-18.07.17	125,000.00	124,752.50	0.03
USD	ORIGIN ENERGY FINANCE LTD-144A 3.50000% 13-09.10.18	360,000.00	369,705.60	0.08
USD	PNC FUNDING CORP 2.70000% 11-19.09.16	275,000.00	283,764.80	0.06
USD	PPL CAPITAL FUNDING INC 4.70000% 13-01.06.43	175,000.00	179,335.80	0.04
USD	QBE INSURANCE GROUP LTD-REG-S 2.40000% 13-01.05.18	365,000.00	363,344.72	0.08
USD	QVC INC 4.37500% 13-15.03.23	150,000.00	149,653.05	0.03
USD	REPUBLIC SERVICES INC 5.25000% 10-15.11.21	575,000.00	651,512.95	0.14
USD	SES SA-144A 3.60000% 13-04.04.23	110,000.00	110,867.13	0.02
USD	SOUTHWESTERN ELECTRIC POWER 6.20000% 10-15.03.40	365,000.00	464,708.51	0.10
USD	STATOIL ASA 3.12500% 10-17.08.17	285,000.00	299,176.19	0.06
USD	STATOIL ASA 4.80000% 13-08.11.43	230,000.00	249,214.43	0.05
USD	SUNTRUST BANKS INC 1.35000% 14-15.02.17	545,000.00	544,692.62	0.12
USD	SUNTRUST BANKS INC 2.35000% 13-01.11.18	230,000.00	230,551.08	0.05
USD	SWISS RE TREASURY (US) CORP-144A 4.25000% 12-06.12.42	260,000.00	252,734.04	0.05
USD	TEACHERS INSURANCE&ANNUITY ASS-144A-SUB 4.90000% 14-15.09.44	185,000.00	188,537.75	0.04
USD	TEVA PHARMACEUTICAL FINANCE IV LLC 3.65000% 11-10.11.21	265,000.00	269,347.32	0.06
USD	THERMO FISHER SCIENTIFIC INC 4.15000% 13-02.01.24	60,000.00	62,121.60	0.01
USD	TRAVELERS COMPANIES INC 4.60000% 13-01.08.43	90,000.00	94,368.69	0.02
USD	UNION PACIFIC CORP 4.75000% 13-15.12.43	50,000.00	53,736.70	0.01
USD	UNITED AIRLINES 4.00000% 14-11.04.26	220,000.00	221,100.00	0.05
USD	VALE SA 5.62500% 12-11.09.42	405,000.00	396,259.70	0.08
USD	VERIZON COMMUNICATIONS INC 4.50000% 13-15.09.20	305,000.00	329,965.47	0.07
USD	VERIZON COMMUNICATIONS INC 6.55000% 13-15.09.43	690,000.00	862,080.48	0.18
USD	VERIZON COMMUNICATIONS INC-144A 2.62500% 14-21.02.20	607,000.00	599,385.18	0.13
USD	WASTE MANAGEMENT INC 6.12500% 09-30.11.39	225,000.00	278,373.38	0.06
USD	WM WRIGLEY JR CO-144A 2.00000% 13-20.10.17	70,000.00	70,654.57	0.02
USD	XCEL ENERGY INC 4.70000% 10-15.05.20	130,000.00	144,120.99	0.03
USD	XCEL ENERGY INC 4.80000% 11-15.09.41	105,000.00	115,299.24	0.02
USD	XLIT LTD 5.25000% 13-15.12.43	130,000.00	142,954.37	0.03
USD	YAMANA GOLD INC-144A 4.95000% 14-15.07.24	290,000.00	288,685.43	0.06
USD	YUM BRANDS INC 5.35000% 13-01.11.43	310,000.00	337,157.55	0.07
米ドル合計			27,394,323.64	5.80
固定利付ノート合計			28,815,944.89	6.10

固定利付ミディアム・ターム・ノート
オーストラリアドル
AUD	ADANI ABBOT POINT TERMINAL PTY LTD 5.75000% 13-01.11.18	690,000.00	604,575.46	0.13
オーストラリアドル合計			604,575.46	0.13
カナダドル
CAD	GREATER TORONTO AIRPORTS AUTHORITY 6.98000% 02-15.10.32	210,000.00	263,075.49	0.05
CAD	HYDRO ONE INC 5.36000% 05-20.05.36	210,000.00	224,450.93	0.05
カナダドル合計			487,526.42	0.10
ユーロ
EUR	BANCO DE SABADELL SA 3.37500% 13-23.01.18	100,000.00	137,770.04	0.03
EUR	CAIXA GERAL DE DEPOSITOS SA 3.75000% 13-18.01.18	200,000.00	276,212.14	0.06
ユーロ合計			413,982.18	0.09
イギリスポンド
GBP	NATIONAL GRID ELECTRICITY TRANSMISSION 4.00000% 12-08.06.27	175,000.00	291,168.27	0.06
イギリスポンド合計			291,168.27	0.06
米ドル
USD	BANK OF AMERICA CORP 5.87500% 12-07.02.42	210,000.00	251,624.31	0.05
USD	BANK OF NEW YORK MELLON CORP 1.35000% 13-06.03.18	620,000.00	611,220.18	0.13

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
USD	CREDIT SUISSE NEW YORK 3.62500% 14-09.09.24	250,000.00	246,652.00	0.05
USD	NATIONAL AUSTRALIA BANK LTD 2.75000% 12-09.03.17	450,000.00	465,804.00	0.10
USD	ONCOR ELECTRIC DELIVERY CO 7.00000% 02-01.05.32	130,000.00	177,804.51	0.04
USD	US BANCORP 1.65000% 12-15.05.17	340,000.00	343,093.32	0.07
米ドル合計			2,096,198.32	0.44
固定利付ミディアム・ターム・ノート合計			3,893,450.65	0.82

変動利付ミディアム・ターム・ノート
カナダドル
CAD	TORONTO DOMINION BANK-SUB 3.367%/3M CDOR+125BP 10-02.11.20	400,000.00	364,244.36	0.08
カナダドル合計			364,244.36	0.08
変動利付ミディアム・ターム・ノート合計			364,244.36	0.08

固定利付債券
米ドル
USD	BURLINGTON NORTHERN SANTA FE CORP 3.45000% 11-15.09.21	480,000.00	495,027.84	0.10
USD	COMCAST CORP 4.75000% 14-01.03.44	90,000.00	94,948.11	0.02
USD	COMMONWEALTH BANK OF AUSTRALIA-REG-S 2.25000% 12-16.03.17	550,000.00	563,645.50	0.12
USD	DELTA AIR LINES INC 6.82100% 07-10.08.22	50,000.00	36,641.65	0.01
USD	DOW CHEMICAL CO 3.50000% 14-01.10.24	410,000.00	399,912.77	0.08
USD	FIVE CORNERS FUNDING TRUST-144A 4.41900% 13-15.11.23	345,000.00	361,101.50	0.08
USD	GEORGIA POWER CO 0.75000% 12-10.08.15	215,000.00	215,360.34	0.05
USD	GILEAD SCIENCES INC 2.05000% 14-01.04.19	225,000.00	223,297.20	0.05
USD	MONONGAHELA POWER CO-144A 5.40000% 13-15.12.43	170,000.00	194,590.33	0.04
USD	PACIFICORP 6.00000% 09-15.01.39	325,000.00	412,094.48	0.09
USD	TOTAL CAPITAL INTERNATIONAL SA 1.55000% 12-28.06.17	755,000.00	760,382.39	0.16
米ドル合計			3,757,002.11	0.80
固定利付債券合計			3,757,002.11	0.80

他の規制ある市場で取引されている譲渡性のある有価証券および金融商品合計			219,602,547.38	46.49

ルクセンブルグ2010年12月17日法規制41 (1) e)に準拠するUCITSおよびその他のUCIs
オープン・エンド型投資信託証券
ルクセンブルグ
USD	UBS (LUX) MONEY MARKET FUND - USD U-X-ACC	2,869.99	29,613,120.50	6.27
ルクセンブルグ合計			29,613,120.50	6.27
オープン・エンド型投資信託証券合計			29,613,120.50	6.27

ルクセンブルグ2010年12月17日法規制41 (1) e)に準拠するUCITSおよびその他のUCIs合計			29,613,120.50	6.27

公認の証券取引所に上場されているデリバティブ商品
指数に係るオプション
ユーロ
EUR	EUROSTOXX 50 INDEX PUT 2700 19.12.14	810.00	103,346.48	0.02
EUR	EUROSTOXX 50 INDEX CALL 3500.00000 19.12.14	956.00	96,613.36	0.02
EUR	EUROSTOXX 50 INDEX PUT 2500.00000 18.12.15	1,094.00	930,082.97	0.20
ユーロ合計			1,130,042.81	0.24
イギリスポンド
GBP	FTSE 100 INDEX CALL 7000.00000 19.12.14	368.00	80,538.73	0.02
イギリスポンド合計			80,538.73	0.02
日本円
JPY	NIKKEI 225 (OSE) INDEX PUT 10000.00000 12.12.14	212.00	9,663.16	0.00
JPY	NIKKEI 225 (OSE) INDEX CALL 17000.00000 12.12.14	-144.00	-242,855.19	-0.05
日本円合計			-233,192.03	-0.05
米ドル
USD	S&P 500 INDEX PUT 1900.00000 20.12.14	228.00	715,920.00	0.15
USD	S&P 500 INDEX PUT 1600.00000 19.12.15	240.00	1,200,000.00	0.25
米ドル合計			1,915,920.00	0.40
指数に係るオプション合計			2,893,309.51	0.61

公認の証券取引所に上場されているデリバティブ商品合計			2,893,309.51	0.61

投資有価証券合計			387,547,803.51	82.04

銘柄		株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
デリバティブ商品
公認の証券取引所に上場されているデリバティブ商品
債券に係る金融先物
USD	US 5YR TREASURY NOTE FUTURE 31.12.14	-320.00	89,999.04	0.02
USD	US 10YR TREASURY NOTE FUTURE 19.12.14	249.00	245,109.38	0.05
JPY	JAPAN GOVERNMENT 10Y BOND (TSE) FUTURE 11.12.14	-24.00	-21,878.85	0.00
AUD	AUSTRALIA 3YR BOND FUTURE 15.12.14	838.00	266,470.30	0.05
EUR	EURO BTP ITALY GOVERMENT FUTURE 08.12.14	-172.00	-91,496.19	-0.02
USD	US 2YR TREASURY NOTE FUTURE 31.12.14	-174.00	-109.62	0.00
CAD	CANADA 10YR BOND FUTURE 18.12.14	9.00	-10,227.73	0.00
GBP	LONG GILT FUTURE 29.12.14	46.00	30,639.74	0.01
EUR	EURO-BUND FUTURE 08.12.14	-35.00	-37,518.53	-0.01
EUR	EURO-BUXL FUTURE 08.12.14	-4.00	-17,887.62	0.00
USD	US ULTRA LONG BOND (CBT) FUTURE 19.12.14	7.00	18,343.75	0.00
EUR	EURO-BOBL FUTURE 08.12.14	7.00	2,741.25	0.00
債券に係る金融先物合計			474,184.92	0.10

指数に係る金融先物
EUR	FTSE/MIB INDEX FUTURE 19.12.14	29.00	13,921.02	0.00
EUR	EURO STOXX 50 INDEX FUTURE 19.12.14	921.00	-237,768.91	-0.05
USD	S&P500 FUTURE 18.12.14	111.00	-787,687.50	-0.17
JPY	NIKKEI 225 (OSE) INDEX FUTURE 11.12.14	199.00	830,867.41	0.18
USD	MINI MSCI EMERGING MARKETS INDEX FUTURE 19.12.14	260.00	-731,710.20	-0.15
GBP	FTSE 100 INDEX FUTURE 19.12.14	261.00	-901,724.17	-0.19
AUD	SPI 200 INDEX FUTURE 18.12.14	-101.00	576,679.83	0.12
CAD	S&P/TSX 60 INDEX FUTURE 18.12.14	81.00	-404,438.28	-0.09
USD	FTSE XINHUA CHINA A 50 INDEX FUTURE 30.10.14	3,338.00	296,254.84	0.06
USD	MSCI TAIWAN INDEX FUTURE 30.10.14	265.00	-230,550.00	-0.05
HKD	HANG SENG CHINA ENTERPRISES INDEX FUTURE 30.10.14	-350.00	503,296.67	0.11
指数に係る金融先物合計			-1,072,859.29	-0.23

公認の証券取引所に上場されているデリバティブ商品合計			-598,674.37	-0.13

公認の証券取引所に上場されておらず、また他の規制ある市場でも取引されていないデリバティブ商品
クレジット・デフォルト・スワップ
EUR	JPM/BAYN CREDIT DEFAULT SWAP PAYER 1.00000% 12-20.03.18	-350,000.00	-11,899.04	0.00
EUR	JPM/HOLNVX CREDIT DEFAULT SWAP PAYER 1.00000% 13-20.06.18	-380,000.00	-6,487.20	0.00
EUR	GOLDMAN SACHS/GAS NATURAL CAPITAL PAYER 1.00000% 13-20.09.18	-380,000.00	-8,562.29	0.00
EUR	GS/IBERDROLA PAYER 1.00000% 13-20.09.18	-380,000.00	-7,620.61	0.00
EUR	JPM/HSBC CREDIT DEFAULT SWAP PAYER 1.00000% 13-20.09.18	-180,000.00	-5,254.78	0.00
EUR	GS/SOLBBB CREDIT DEFAULT SWAP PAYER 1.00000% 13-20.09.18	-360,000.00	-10,121.05	0.00
USD	CREDIT SUISSE/PFE CREDIT DEFAULT SWAP PAYER 1.00000% 13-20.03.19	-995,000.00	-34,029.92	-0.01
EUR	JP MORGAN/ENEL CREDIT DEFAULT SWAP PAYER 1.00000% 14-20.03.19	-430,000.00	-6,417.14	0.00
EUR	DB/ITRX EUROPE 21 JUN19 CDI PAYER 1.00000% 14-20.06.19	-5,430,000.00	-119,580.90	-0.03
EUR	JPM/STANLN CREDIT DEFAULT SWAP REC 1.00000% 13-20.09.18	180,000.00	2,270.19	0.00
EUR	JPM/LANXESS FINANCE CREDIT DEFAULT SWAP REC 1.00000% 13-20.06.19	440,000.00	2,275.14	0.00
EUR	CB/GLENLN CREDIT DEFAULT SWAP REC 1.00000% 14-20.06.19	250,000.00	-4,414.79	0.00
USD	ICE/CDX.EM.21 JUN19 CDI REC 5.00000% 14-20.06.19	29,251,200.00	2,735,797.46	0.58
EUR	JPM/PORTUGAL CREDIT DEFAULT SWAP REC 5.00000% 14-20.09.19	315,000.00	37,292.34	0.01
クレジット・デフォルト・スワップ合計			2,563,247.41	0.55

公認の証券取引所に上場されておらず、また他の規制ある市場でも取引されていないデリバティブ商品合計			2,563,247.41	0.55

デリバティブ商品合計			1,964,573.04	0.42

銘柄					株数/額面	米ドル建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
為替予約取引
為替予約取引(購入/売却)
購入通貨		売却通貨		満期日
PHP	741,600,000.00	USD	16,654,876.20	28.10.2014		-154,150.77	-0.03
USD	45,050,687.50	NZD	55,625,000.00	28.10.2014		1,803,787.61	0.38
JPY	1,551,100,000.00	USD	14,219,922.08	28.10.2014		-77,335.98	-0.02
USD	12,644,322.59	CAD	13,870,000.00	28.10.2014		240,987.32	0.05
USD	41,979,557.75	AUD	47,090,000.00	28.10.2014		847,911.05	0.18
EUR	42,777,700.00	USD	55,089,036.50	27.10.2014		-1,041,588.91	-0.22
CHF	39,949,200.00	USD	42,630,168.68	27.10.2014		-813,033.68	-0.17
USD	65,057,385.10	EUR	50,510,000.00	28.10.2014		1,240,130.60	0.26
SEK	60,000,000.00	USD	8,428,912.52	28.10.2014		-106,147.26	-0.02
MXN	110,200,000.00	USD	8,307,889.48	28.10.2014		-117,129.37	-0.02
HUF	2,059,750,000.00	USD	8,492,728.76	28.10.2014		-120,634.30	-0.03
USD	21,988,646.40	GBP	13,440,000.00	28.10.2014		205,112.11	0.04
USD	26,013,696.03	CHF	24,365,000.00	28.10.2014		509,211.12	0.11
USD	909,161.04	GBP	555,000.00	28.10.2014		9,617.77	0.00
USD	2,282,245.08	EUR	1,770,000.00	28.10.2014		45,924.74	0.01
EUR	18,090,300.00	USD	23,158,424.18	27.10.2014		-302,250.49	-0.06
NZD	11,810,000.00	USD	9,374,801.62	28.10.2014		-192,853.08	-0.04
USD	9,510,000.00	PHP	426,618,600.00	28.10.2014		17,663.99	0.00
AUD	10,790,000.00	USD	9,457,834.23	28.10.2014		-33,105.67	-0.01
EUR	461,000.00	USD	585,712.49	27.10.2014		-3,262.44	0.00
USD	2,375,411.25	CHF	2,270,000.00	28.10.2014		-750.49	0.00
USD	2,390,819.88	AUD	2,740,000.00	28.10.2014		-2,484.69	0.00
USD	2,796,922.92	HKD	21,720,000.00	28.10.2014		-74.71	0.00
USD	2,390,369.70	NZD	3,075,000.00	28.10.2014		-357.80	0.00
為替予約取引(購入/売却)合計						1,955,186.67	0.41

銀行預金、要求払い預金および貯蓄預金ならびにその他流動資産						79,662,391.12	16.86
その他の資産および負債						1,251,006.15	0.27
純資産合計						472,380,960.49	100.00

UBS(Lux)インスティテューショナル・ファンド-ユーロ・コーポレート・ボンド(ルクセンブルグ籍外国投資信託)の運用状況
当ファンドは「UBSディフェンシブ・インベストメント・マザーファンド」が投資対象とする外国投資信託証券です。
ご参考として、掲載されている当ファンドの損益計算書及び投資有価証券明細表は、2014年12月31日現在の現地Annual Reportからの抜粋であり、現地の会計基準に基づき作成され、監査を受けたものです。
UBS(Lux)インスティテューショナル・ファンド-ユーロ・コーポレート・ボンド(ルクセンブルグ籍外国投資信託)
連結

Statement of Operations

損益計算書
(損益項目仮訳)

自 2014年1月1日至 2014年12月31日
ユーロ

Income	収益
Interest on securities	有価証券に係る受取利息		3,958,482.58
Other income	その他収益		28,486.43
Total income	収益合計		3,986,969.01

Expenses	費用
Management fee	管理費用等		-16,628.54
Custodian bank fees	保管費用		-32,100.71
Taxe d'abonnement	年次税		-11,644.91
Other commissions and fees	その他の手数料		-32,357.87
Interest on cash liquidity and bank overdraft	当座借越等に係る支払利息		-155.92
Total expenses	費用合計		-92,887.95

Net income (loss) on investments	投資純利益(損失)		3,894,081.06

Realized gain (loss)	実現(損)益
Realized gain (loss) on market-priced securities without options	無オプション市場価格証券に係る実現(損)益	396,992.20
Realized gain (loss) on financial futures	金融先物取引に係る実現(損)益	423,791.90
Realized result on subscriptions/redemptions	追加設定/一部解約に係る実現損益	23,919.92
Total realized gain (loss) on investments	投資実現(損)益合計		844,704.02
Realized gain (loss) on foreign exchange	為替差(損)益		85.96
Total realized gain (loss)	実現(損)益合計		844,789.98

Net realized gain (loss) of the financial year	当期実現純(損)益		4,738,871.04

Changes in unrealized appreciation (depreciation)	未実現評価(損)益の変動
Unrealized appreciation (depreciation) on market-priced securities without options	無オプション市場価格証券に係る未実現評価(損)益		3,508,975.31
Unrealized appreciation (depreciation) on financial futures	金融先物取引に係る未実現評価(損)益		97,244.80
Total changes in unrealized appreciation (depreciation)	未実現評価(損)益の変動合計		3,606,220.11

Net increase (decrease) in net assets as a result of operations	純資産の純増(減)額		8,345,091.15

2014年12月31日現在の投資有価証券その他の純資産明細表

銘柄		株数/額面	ユーロ建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
公認の証券取引所に上場されている譲渡性のある有価証券および金融商品
固定利付ノート
ユーロ
EUR	ENI SPA 4.12500% 09-16.09.19	400,000.00	462,016.00	0.39
EUR	ESB FINANCE LTD-REG-S 4.37500% 12-21.11.19	500,000.00	583,565.00	0.50
EUR	PETROBRAS GLOBAL FINANCE BV 4.25000% 12-02.10.23	1,000,000.00	869,730.00	0.74
EUR	PHILIP MORRIS INTERNATIONAL INC 2.75000% 13-19.03.25	300,000.00	336,972.00	0.29
EUR	TELEFONICA EUROPE BV 5.87500% 03-14.02.33	400,000.00	592,692.00	0.51
ユーロ合計			2,844,975.00	2.43
固定利付ノート合計			2,844,975.00	2.43

変動利付ノート
ユーロ
EUR	BANK OF AMERICA CORP-SUB 4.75000%/FLR 04-06.05.19	693,000.00	694,961.19	0.59
EUR	CNP ASSURANCES-SUB 6.000%/VAR 10-14.09.40	150,000.00	173,542.50	0.15
EUR	HSBC HOLDINGS PLC-SUB 3.62500%/FLR 05-29.06.20	1,075,000.00	1,087,663.50	0.93
EUR	NGG FINANCE-REG-S-SUB 4.250%/VAR 13-18.06.76	500,000.00	541,345.00	0.46
EUR	SSE PLC-REG-S-SUB 5.625%/VAR 12-PRP	200,000.00	216,388.00	0.19
ユーロ合計			2,713,900.19	2.32
変動利付ノート合計			2,713,900.19	2.32

固定利付ミディアム・ターム・ノート
ユーロ
EUR	A.P. MOLLER-MAERSK-REG-S 3.37500% 12-28.08.19	500,000.00	559,775.00	0.48
EUR	ABBEY NATIONAL TREASURY SERVICES-REG-S 2.00000% 14-14.01.19	1,500,000.00	1,579,320.00	1.35
EUR	ACHMEA BANK NV 2.75000% 14-18.02.21	270,000.00	296,217.00	0.25
EUR	ALLIANZ FINANCE II BV 4.75000% 09-22.07.19	1,150,000.00	1,374,572.00	1.17
EUR	AMERICAN HONDA FINANCE CORP-REG-S 1.87500% 13-04.09.19	300,000.00	318,855.00	0.27
EUR	AUCHAN SA 2.25000% 13-06.04.23	700,000.00	766,920.00	0.66
EUR	AUCHAN SA 2.37500% 12-12.12.22	200,000.00	221,536.00	0.19
EUR	AUTOROUTES DU SUD DE LA FRANCE 4.12500% 10-13.04.20	1,000,000.00	1,170,080.00	1.00
EUR	AUTOROUTES DU SUD DE LA FRANCE 4.00000% 11-24.09.18	200,000.00	224,826.00	0.19
EUR	BANK OF AMERICA CORP 7.00000% 09-15.06.16	700,000.00	765,632.00	0.65
EUR	BANQUE FEDERATIVE DU CREDIT MUTUEL 2.62500% 13-24.02.21	1,000,000.00	1,111,230.00	0.95
EUR	BARCLAYS BANK PLC 4.00000% 10-20.01.17	1,300,000.00	1,397,526.00	1.19
EUR	BBVA SENIOR FINANCE SA 3.87500% 10-06.08.15	1,000,000.00	1,019,890.00	0.87
EUR	BBVA SENIOR FINANCE SA 4.87500% 11-15.04.16	700,000.00	738,941.00	0.63
EUR	BMW FINANCE NV 3.87500% 10-18.01.17	300,000.00	322,044.00	0.28
EUR	BMW FINANCE NV-REG-S 2.62500% 14-17.01.24	500,000.00	572,465.00	0.49
EUR	BNP PARIBAS 1.37500% 13-21.11.18	600,000.00	620,784.00	0.53
EUR	BPCE SA 4.25000% 12-06.02.23	300,000.00	375,060.00	0.32
EUR	BPCE SA 4.50000% 12-10.02.22	1,400,000.00	1,750,448.00	1.50
EUR	CASINO GUICHARD PERRACHON SA 3.99400% 12-09.03.20	900,000.00	1,032,165.00	0.88
EUR	CASINO GUICHARD PERRACHON SA-REG-S 2.79800% 14-05.08.26	600,000.00	627,522.00	0.54
EUR	CITIGROUP INC 7.37500% 09-04.09.19	650,000.00	844,512.50	0.72
EUR	COCA-COLA HBC FINANCE BV 2.37500% 13-18.06.20	900,000.00	955,206.00	0.82
EUR	COMMERZBANK AG 4.00000% 10-16.09.20	400,000.00	470,860.00	0.40
EUR	CREDIT AGRICOLE SA LONDON 1.75000% 13-12.03.18	600,000.00	624,540.00	0.53
EUR	CREDIT AGRICOLE SA LONDON 2.37500% 14-20.05.24	500,000.00	554,460.00	0.47
EUR	CREDIT SUISSE LONDON BRANCH 4.75000% 09-05.08.19	700,000.00	828,408.00	0.71
EUR	CRH FINANCE BV 5.00000% 12-25.01.19	200,000.00	232,940.00	0.20
EUR	DAIMLER AG 2.00000% 12-05.05.17	300,000.00	311,895.00	0.27
EUR	DAIMLER AG-REG-S 2.00000% 13-07.04.20	1,000,000.00	1,072,950.00	0.92
EUR	DIAGEO FINANCE PLC-REG-S 1.75000% 14-23.09.24	1,100,000.00	1,149,225.00	0.98
EUR	ENEL FINANCE INTERNATIONAL NV 5.00000% 09-14.09.22	1,800,000.00	2,265,984.00	1.94
EUR	ENEL FINANCE INTERNATIONAL NV-144A 5.75000% 11-24.10.18	300,000.00	356,115.00	0.30
EUR	ENI SPA 3.62500% 14-29.01.29	1,170,000.00	1,390,568.40	1.19
EUR	F VAN LANSCHOT BANKIERS NV 2.87500% 12-17.10.16	1,100,000.00	1,139,061.00	0.97
EUR	FCE BANK PLC-REG-S 2.87500% 12-03.10.17	800,000.00	848,640.00	0.73
EUR	GAS NATURAL CAPITAL MARKETS SA 4.50000% 10-27.01.20	1,800,000.00	2,125,962.00	1.82
EUR	GDF SUEZ 6.87500% 08-24.01.19	1,100,000.00	1,384,218.00	1.18
EUR	GE CAPITAL EUROPEAN FUNDING 4.25000% 10-01.03.17	800,000.00	867,560.00	0.74

銘柄		株数/額面	ユーロ建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
EUR	GLAXOSMITHKLINE CAPITAL PLC-REG-S 0.62500% 14-02.12.19	700,000.00	704,403.00	0.60
EUR	GOLDMAN SACHS GROUP INC 6.37500% 08-02.05.18	800,000.00	948,680.00	0.81
EUR	HEINEKEN NV 2.00000% 13-06.04.21	300,000.00	320,250.00	0.27
EUR	HEINEKEN NV-REG-S 2.12500% 12-04.08.20	700,000.00	753,018.00	0.64
EUR	HOLCIM US FINANCE SARL & CIE 2.62500% 12-07.09.20	1,000,000.00	1,093,860.00	0.93
EUR	IBERDROLA INTERNATIONAL BV-REG-S 3.50000% 13-01.02.21	1,100,000.00	1,259,269.00	1.08
EUR	IMPERIAL TOBACCO FINANCE PLC 8.37500% 09-17.02.16	300,000.00	326,409.00	0.28
EUR	INTESA SANPAOLO SPA 4.12500% 10-14.04.20	400,000.00	459,600.00	0.39
EUR	INTESA SANPAOLO SPA 4.12500% 11-14.01.16	400,000.00	414,248.00	0.35
EUR	JPMORGAN CHASE & CO 3.87500% 10-23.09.20	250,000.00	293,855.00	0.25
EUR	KONINKLIJKE KPN NV 7.50000% 09-04.02.19	500,000.00	636,415.00	0.54
EUR	LLOYDS BANK PLC-REG-S 1.87500% 13-10.10.18	800,000.00	839,816.00	0.72
EUR	LLOYDS BANK PLC-SUB 6.50000% 10-24.03.20	900,000.00	1,107,162.00	0.95
EUR	MFINANCE FRANCE SA 2.37500% 14-01.04.19	400,000.00	413,300.00	0.35
EUR	MORGAN STANLEY 2.37500% 14-31.03.21	1,000,000.00	1,073,640.00	0.92
EUR	MORGAN STANLEY 4.00000% 05-17.11.15	550,000.00	567,288.70	0.48
EUR	ORANGE 2.50000% 12-01.03.23	1,100,000.00	1,229,360.00	1.05
EUR	PGE SWEDEN AB-REG-S 1.62500% 14-09.06.19	240,000.00	245,484.00	0.21
EUR	PHILIP MORRIS INTERNATIONAL INC 2.87500% 14-03.03.26	450,000.00	509,445.00	0.44
EUR	POHJOLA BANK PLC 1.75000% 13-29.08.18	400,000.00	418,856.00	0.36
EUR	RABOBANK NEDERLAND NV 4.37500% 06-07.06.21	1,900,000.00	2,342,358.00	2.00
EUR	RABOBANK NEDERLAND NV 2.37500% 13-22.05.23	800,000.00	888,592.00	0.76
EUR	RCI BANQUE SA 1.75000% 13-06.07.16	800,000.00	814,712.00	0.70
EUR	RCI BANQUE SA-REG-S 2.87500% 13-22.01.18	400,000.00	425,508.00	0.36
EUR	REPSOL INTERNATIONAL FINANCE BV-REG-S 4.25000% 11-12.02.16	600,000.00	623,910.00	0.53
EUR	REPSOL INTERNATIONAL FINANCE BV-REG-S 3.62500% 13-07.10.21	400,000.00	453,548.00	0.39
EUR	ROBERT BOSCH GMBH-REG-S 1.75000% 14-08.07.24	800,000.00	859,864.00	0.73
EUR	ROYAL BANK OF SCOTLAND GROUP PLC 4.87500% 10-20.01.17	650,000.00	707,947.50	0.60
EUR	ROYAL BANK OF SCOTLAND PLC 5.50000% 10-23.03.20	800,000.00	991,408.00	0.85
EUR	SABMILLER HOLDINGS INC-REG-S 1.87500% 12-20.01.20	345,000.00	364,116.45	0.31
EUR	SANOFI-REG-S 1.75000% 14-10.09.26	700,000.00	728,952.00	0.62
EUR	SANTANDER INTERNATIONAL DEBT SA 4.50000% 11-18.05.15	400,000.00	405,892.00	0.35
EUR	SANTANDER INTERNATIONAL DEBT SA 4.00000% 12-27.03.17	500,000.00	537,245.00	0.46
EUR	SES SA 4.62500% 10-09.03.20	300,000.00	356,556.00	0.30
EUR	SHELL INTERNATIONAL FINANCE BV 1.62500% 14-24.03.21	400,000.00	421,704.00	0.36
EUR	SNAM SPA 2.37500% 13-30.06.17	500,000.00	521,680.00	0.45
EUR	SNAM SPA 4.37500% 12-11.07.16	900,000.00	952,146.00	0.81
EUR	SOCIETE GENERALE 2.25000% 13-23.01.20	1,000,000.00	1,060,450.00	0.91
EUR	SSE PLC 2.00000% 13-17.06.20	400,000.00	424,692.00	0.36
EUR	SSE PLC 5.02500% 10-PRP	750,000.00	765,952.50	0.65
EUR	STANDARD CHARTERED PLC-REG-S-SUB 3.62500% 12-23.11.22	800,000.00	842,912.00	0.72
EUR	TELEFONICA EMISIONES SA 3.66100% 10-18.09.17	850,000.00	919,581.00	0.79
EUR	TELEFONICA EMISIONES SAU 4.75000% 11-07.02.17	400,000.00	435,340.00	0.37
EUR	TELEFONICA EMISIONES SAU 3.98700% 13-23.01.23	200,000.00	239,508.00	0.20
EUR	TELEFONICA EMISIONES SAU 2.73600% 13-29.05.19	500,000.00	541,710.00	0.46
EUR	TEOLLISUUDEN VOIMA OY 4.62500% 12-04.02.19	700,000.00	790,083.00	0.67
EUR	TEOLLISUUDEN VOIMA OY REG-S 2.50000% 14-17.03.21	200,000.00	210,156.00	0.18
EUR	TEVA PHARMACEUTICAL FINANCE IV BV 2.87500% 12-15.04.19	850,000.00	924,111.50	0.79
EUR	UBS AG LONDON BRANCH 6.00000% 08-18.04.18	500,000.00	590,600.00	0.50
EUR	UNIBAIL-RODAMCO SE-REG-S 2.50000% 13-12.06.23	1,200,000.00	1,341,564.00	1.15
EUR	UNIBAIL-RODAMCO SE-REG-S 1.87500% 13-08.10.18	600,000.00	630,270.00	0.54
EUR	VALE SA 4.37500% 10-24.03.18	1,000,000.00	1,077,318.00	0.92
EUR	VINCI SA 4.12500% 11-20.02.17	300,000.00	323,838.00	0.28
EUR	WELLS FARGO & CO-REG-S 2.62500% 12-16.08.22	800,000.00	897,584.00	0.77
ユーロ合計			72,295,080.55	61.74
固定利付ミディアム・ターム・ノート合計			72,295,080.55	61.74

変動利付ミディアム・ターム・ノート
ユーロ
EUR	ALLIANZ SE-REG-S-SUB 4.750%/3M EURIBOR+360BP 13-PRP	1,000,000.00	1,112,100.00	0.95
EUR	ASS GENERALI-REG-S-SUB 7.750%/3M EURIBOR+711.3BP 12-12.12.42	1,300,000.00	1,625,325.00	1.39
EUR	AXA SA-REG-S-SUB 3.941%/VAR 14-PRP	1,000,000.00	1,003,210.00	0.86
EUR	BAYER AG-REG-S-SUB 3.000%/VAR 14-01.07.75	800,000.00	823,312.00	0.70
EUR	DNB BANK ASA-REG-S-SUB 3.000%/12M EUSA5+177BP 13-26.09.23	1,300,000.00	1,358,266.00	1.16
EUR	ENBW ENERGIE BADEN-WUERTT-REG-S-SUB 7.375%/VAR 11-02.04.72	600,000.00	667,944.00	0.57
EUR	ING BANK NV-SUB 3.625%/VAR 14-25.02.26	1,100,000.00	1,184,524.00	1.01

銘柄		株数/額面	ユーロ建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
EUR	LA BANQUE POSTALE-REG-S-SUB-2.750%/VAR 14-23.04.26	400,000.00	412,172.00	0.35
EUR	NORDEA BANK AB 4.625%/EUSA5+315BP 12-15.02.22	2,000,000.00	2,140,860.00	1.83
EUR	OMV AG-SUB 6.750%/VAR 11-PRP	450,000.00	493,357.50	0.42
ユーロ合計			10,821,070.50	9.24
変動利付ミディアム・ターム・ノート合計			10,821,070.50	9.24

固定利付債券
ユーロ
EUR	AMERICA MOVIL SAB DE CV 3.75000% 10-28.06.17	1,400,000.00	1,512,224.00	1.29
EUR	ANGLO AMERICAN CAPITAL PLC 4.37500% 09-02.12.16	600,000.00	639,462.00	0.55
EUR	APPLE INC 1.62500% 14-10.11.26	500,000.00	509,995.00	0.44
EUR	BHARTI AIRTEL INTL NETHERLANDS BV-REG-S 3.37500% 14-20.05.21	800,000.00	846,136.00	0.72
EUR	COCA-COLA CO/THE 1.87500% 14-22.09.26	450,000.00	473,310.00	0.40
EUR	INTESA SANPAOLO SPA 4.00000% 10-08.11.18	1,200,000.00	1,332,120.00	1.14
EUR	PERNOD RICARD-REG-S 4.87500% 10-18.03.16	400,000.00	420,964.00	0.36
EUR	PETROLEOS MEXICANOS-REG-S 5.50000% 05-24.02.25	1,000,000.00	1,216,000.00	1.04
EUR	RABOBANK NEDERLAND NV 4.12500% 10-14.07.25	1,100,000.00	1,407,428.00	1.20
EUR	VOTO-VOTORANTIM LTD-REG-S 5.25000% 10-28.04.17	800,000.00	858,808.00	0.73
EUR	WAL-MART STORES INC 4.87500% 09-21.09.29	600,000.00	859,458.00	0.73
EUR	WUERTH FINANCE INTERNATIONAL BV 3.75000% 11-25.05.18	650,000.00	722,143.50	0.62
ユーロ合計			10,798,048.50	9.22
固定利付債券合計			10,798,048.50	9.22

変動利付債券
ユーロ
EUR	AXA SA-SUB 5.250%/3MO EURIBOR+305BP 10-16.04.40	400,000.00	454,344.00	0.39
EUR	CITIGROUP INC-SUB 4.750%/3M EURIBOR+140BP 04-10.02.19	1,000,000.00	995,270.00	0.85
EUR	GDF SUEZ-REG-S-SUB 3.87500%/VAR 14-PRP	900,000.00	950,895.00	0.81
EUR	GDF SUEZ-SUB 3.875%/VAR 13-PRP	500,000.00	525,865.00	0.45
EUR	GE CAPIT TR II-REG-S-SUB 5.500%/3M EURIBOR+200BP 09-15.09.67	1,050,000.00	1,126,597.50	0.96
EUR	HSBC CAPITAL FUNDING-SUB 5.13/FLR 04-29.03.PRP	1,400,000.00	1,445,500.00	1.24
EUR	JPMORGAN CHASE BANK-SUB 4.37500%/1M EURIBOR+90BP 06-30.11.21	1,400,000.00	1,468,040.00	1.25
EUR	LINDE FINANCE BV 7.37500%/3M EURIBOR+412.5BP 06-14.07.66	700,000.00	761,691.00	0.65
EUR	MUENCHENER RUECKVER-SUB 5.767%/3M EURIBOR+204 BP 07-PRP	1,200,000.00	1,313,880.00	1.12
EUR	RABOBANK NEDERLAND NV REG-S-SUB 2.500%/VAR 14-26.05.26	300,000.00	305,082.00	0.26
EUR	SIEMENS FINANCIERING-SUB 5.250%/3M EURIBOR+225BP 06-14.09.66	600,000.00	639,290.40	0.55
EUR	VOLKSWAGEN INTL FIN NV-REG-S-SUB 3.875%/VAR 13-PRP	1,600,000.00	1,696,208.00	1.45
ユーロ合計			11,682,662.90	9.98
変動利付債券合計			11,682,662.90	9.98

公認の証券取引所に上場されている譲渡性のある有価証券および金融商品合計			111,155,737.64	94.93

他の規制ある市場で取引されている譲渡性のある有価証券および金融商品
固定利付ミディアム・ターム・ノート
ユーロ
EUR	BRITISH AMERICAN TOBACCO HOLDINGS BV 4.00000% 10-07.07.20	600,000.00	707,172.00	0.60
ユーロ合計			707,172.00	0.60
固定利付ミディアム・ターム・ノート合計			707,172.00	0.60

他の規制ある市場で取引されている譲渡性のある有価証券および金融商品合計			707,172.00	0.60

投資有価証券合計			111,862,909.64	95.53

銘柄		株数/額面	ユーロ建評価額先物/オプション/ 為替予約取引/ スワップに係る未実現(損)益	純資産比率 (%)
デリバティブ商品
公認の証券取引所に上場されているデリバティブ商品
債券金融先物
EUR	EURO-BUND FUTURE 06.03.15	34.00	80,194.80	0.07
債券金融先物合計			80,194.80	0.07

公認の証券取引所に上場されているデリバティブ商品合計			80,194.80	0.07

デリバティブ商品合計			80,194.80	0.07

銀行預金、要求払い預金および貯蓄預金ならびにその他流動資産			2,983,738.50	2.55
当座借越およびその他の短期負債			-5,734.80	0.00
その他の資産および負債			2,174,354.16	1.85
純資産合計			117,095,462.30	100.00

iシェアーズ世界債券 ETF
損益計算書
2014年6月30日終了年度

	2014年6月30日終了年度
	千米ドル
運用収益	4,061
損益を通じて公正価値で測定する金融資産/負債に係る純(損失)/利益	9,916
利益合計	13,977
運用費用	(505)
純運用利益	13,472
財務費用:
償還可能投資証券保有者への分配金	(5,026)
財務費用合計	(5,026)
当期純(損失)/利益	8,446
償還可能投資証券保有者に帰属する純資産の運用による(減少)/増加	8,446

損益計算書に計上されている損益の他に、当年度に発生し認識された損益はありません。当年度の成績を算定するにあたり、すべての金額は継続事業に関連しています。
償還可能投資証券保有者に帰属する純資産の変動計算書
2014年6月30日終了年度

	2014年6月30日終了年度
	千米ドル
償還可能投資証券保有者に帰属する純資産、期首現在	158,216
償還可能投資証券保有者に帰属する純資産の運用による(減少)/増加	8,446
投資証券取引:
償還可能投資証券の発行による収入	219,115
償還可能投資証券の償還に係る支払	(56,770)
投資証券取引による純資産の増加	162,345
償還可能投資証券保有者に帰属する純資産、期末現在	329,007

添付の注記は本財務書類の一部です。
iシェアーズ世界債券 ETF
投資明細表
2014年6月30日現在

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
公認の証券取引所に上場が認められているか規制市場で取引されている譲渡可能証券
	債券
	カナダ
	社債-格付AAA
250,000	Canadian Government Bond 1% 01/05/2016	234	0.07
150,000	Canadian Government Bond 1.25% 01/03/2018	140	0.04
430,000	Canadian Government Bond 1.25% 01/09/2018	400	0.12
80,000	Canadian Government Bond 1.5% 01/08/2015	76	0.02
120,000	Canadian Government Bond 1.5% 01/03/2017	114	0.03
730,000	Canadian Government Bond 1.5% 01/09/2017	690	0.21
355,000	Canadian Government Bond 1.5% 01/06/2023	316	0.10
500,000	Canadian Government Bond 2% 01/06/2016	477	0.14
195,000	Canadian Government Bond 2.5% 01/06/2015	186	0.06
280,000	Canadian Government Bond 2.5% 01/06/2024	269	0.08
105,000	Canadian Government Bond 2.75% 01/09/2016	102	0.03
250,000	Canadian Government Bond 2.75% 01/06/2022	248	0.07
360,000	Canadian Government Bond 3% 01/12/2015	347	0.11
230,000	Canadian Government Bond 3.25% 01/06/2021	236	0.07
255,000	Canadian Government Bond 3.5% 01/06/2020	264	0.08
240,000	Canadian Government Bond 3.5% 01/12/2045	259	0.08
400,000	Canadian Government Bond 3.75% 01/06/2019	414	0.13
90,000	Canadian Government Bond 4% 01/06/2016	89	0.03
180,000	Canadian Government Bond 4% 01/06/2017	183	0.06
289,000	Canadian Government Bond 4% 01/06/2041	333	0.10
270,000	Canadian Government Bond 4.5% 01/06/2015	262	0.08
321,000	Canadian Government Bond 5% 01/06/2037	416	0.13
260,000	Canadian Government Bond 5.75% 01/06/2029	341	0.10
195,000	Canadian Government Bond 5.75% 01/06/2033	266	0.08
80,000	Canadian Government Bond 8% 01/06/2027	121	0.04
	カナダ合計	6,783	2.06

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
	フランス
	社債-格付AA
350,000	France Government Bond OAT 0.25% 25/11/2015	481	0.15
310,000	France Government Bond OAT 1% 25/05/2018	435	0.13
430,000	France Government Bond OAT 1% 25/11/2018	604	0.18
700,000	France Government Bond OAT 1% 25/05/2019	980	0.30
520,000	France Government Bond OAT 1.75% 25/05/2023	734	0.22
390,000	France Government Bond OAT 2.25% 25/10/2022	575	0.18
830,000	France Government Bond OAT 2.25% 25/05/2024	1,204	0.37
670,000	France Government Bond OAT 2.5% 25/10/2020	1,011	0.31
110,000	France Government Bond OAT 2.5% 25/05/2030	155	0.05
465,000	France Government Bond OAT 2.75% 25/10/2027	688	0.21
535,000	France Government Bond OAT 3% 25/10/2015	761	0.23
489,000	France Government Bond OAT 3% 25/04/2022	761	0.23
540,000	France Government Bond OAT 3.25% 25/04/2016	782	0.24
908,000	France Government Bond OAT 3.25% 25/10/2021	1,435	0.44
225,000	France Government Bond OAT 3.25% 25/05/2045	342	0.10
629,000	France Government Bond OAT 3.5% 25/04/2020	997	0.30
305,000	France Government Bond OAT 3.5% 25/04/2026	488	0.15
615,000	France Government Bond OAT 3.75% 25/04/2017	927	0.28
640,000	France Government Bond OAT 3.75% 25/10/2019	1,021	0.31
665,000	France Government Bond OAT 3.75% 25/04/2021	1,079	0.33
415,000	France Government Bond OAT 4% 25/04/2018	648	0.20
470,000	France Government Bond OAT 4% 25/10/2038	809	0.25
305,000	France Government Bond OAT 4% 25/04/2055	542	0.17
150,000	France Government Bond OAT 4% 25/04/2060	268	0.08
635,000	France Government Bond OAT 4.25% 25/10/2017	985	0.30
360,000	France Government Bond OAT 4.25% 25/10/2018	574	0.17
565,000	France Government Bond OAT 4.25% 25/04/2019	912	0.28

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
535,000	France Government Bond OAT 4.25% 25/10/2023	911	0.28
390,000	France Government Bond OAT 4.5% 25/04/2041	727	0.22
355,000	France Government Bond OAT 4.75% 25/04/2035	666	0.20
525,000	France Government Bond OAT 5% 25/10/2016	800	0.24
495,000	France Government Bond OAT 5.5% 25/04/2029	964	0.29
610,000	France Government Bond OAT 5.75% 25/10/2032	1,257	0.38
325,000	France Government Bond OAT 6% 25/10/2025	637	0.19
125,000	France Government Bond OAT 8.5% 25/04/2023	273	0.08
455,000	French Treasury Note BTAN 1% 25/07/2017	638	0.19
790,000	French Treasury Note BTAN 1.75% 25/02/2017	1,128	0.34
558,000	French Treasury Note BTAN 2% 12/07/2015	779	0.24
515,000	French Treasury Note BTAN 2.25% 25/02/2016	731	0.22
550,000	French Treasury Note BTAN 2.5% 25/07/2016	790	0.24
	フランス合計	30,499	9.27

	ドイツ
	社債-格付AAA
130,000	Bundesobligation 0.25% 13/04/2018	179	0.05
380,000	Bundesobligation 0.5% 07/04/2017	527	0.16
290,000	Bundesobligation 0.5% 13/10/2017	402	0.12
435,000	Bundesobligation 0.5% 23/02/2018	603	0.18
365,000	Bundesobligation 0.75% 24/02/2017	509	0.15
300,000	Bundesobligation 1% 12/10/2018	424	0.13
410,000	Bundesobligation 1% 22/02/2019	579	0.18
350,000	Bundesobligation 1.25% 14/10/2016	493	0.15
450,000	Bundesobligation 2% 26/02/2016	636	0.19
1,035,000	Bundesobligation 2.75% 08/04/2016	1,485	0.45
265,000	Bundesrepublik Deutschland 1.5% 04/09/2022	379	0.12
225,000	Bundesrepublik Deutschland 1.5% 15/02/2023	320	0.10
310,000	Bundesrepublik Deutschland 1.5% 15/05/2023	440	0.13
250,000	Bundesrepublik Deutschland 1.5% 15/05/2024	350	0.11
561,000	Bundesrepublik Deutschland 1.75% 04/07/2022	818	0.25
295,000	Bundesrepublik Deutschland 1.75% 15/02/2024	424	0.13
428,000	Bundesrepublik Deutschland 2% 04/01/2022	636	0.19
400,000	Bundesrepublik Deutschland 2% 15/08/2023	590	0.18
250,000	Bundesrepublik Deutschland 2.25% 04/09/2020	378	0.12
405,000	Bundesrepublik Deutschland 2.25% 04/09/2021	613	0.19

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
345,000	Bundesrepublik Deutschland 2.5% 04/01/2021	529	0.16
275,000	Bundesrepublik Deutschland 2.5% 04/07/2044	404	0.12
30,000	Bundesrepublik Deutschland 2.5% 15/08/2046	44	0.01
392,000	Bundesrepublik Deutschland 3% 04/07/2020	616	0.19
700,000	Bundesrepublik Deutschland 3.25% 04/07/2015	989	0.30
502,000	Bundesrepublik Deutschland 3.25% 04/01/2020	793	0.24
365,000	Bundesrepublik Deutschland 3.25% 04/07/2021	587	0.18
270,000	Bundesrepublik Deutschland 3.25% 04/07/2042	455	0.14
420,000	Bundesrepublik Deutschland 3.5% 04/01/2016	605	0.18
330,000	Bundesrepublik Deutschland 3.5% 04/07/2019	523	0.16
230,000	Bundesrepublik Deutschland 3.75% 04/01/2017	344	0.10
355,000	Bundesrepublik Deutschland 3.75% 04/01/2019	563	0.17
415,000	Bundesrepublik Deutschland 4% 04/07/2016	613	0.19
250,000	Bundesrepublik Deutschland 4% 04/01/2018	389	0.12
350,000	Bundesrepublik Deutschland 4% 04/01/2037	639	0.19
350,000	Bundesrepublik Deutschland 4.25% 04/07/2017	539	0.16
725,000	Bundesrepublik Deutschland 4.25% 04/07/2018	1,155	0.35
265,000	Bundesrepublik Deutschland 4.25% 04/07/2039	510	0.16
190,000	Bundesrepublik Deutschland 4.75% 04/07/2028	358	0.11
395,000	Bundesrepublik Deutschland 4.75% 04/07/2034	778	0.24
390,000	Bundesrepublik Deutschland 4.75% 04/07/2040	810	0.25
350,000	Bundesrepublik Deutschland 5.5% 04/01/2031	721	0.22
205,000	Bundesrepublik Deutschland 5.625% 04/01/2028	415	0.13
105,000	Bundesrepublik Deutschland 6.25% 04/01/2024	210	0.06
165,000	Bundesrepublik Deutschland 6.25% 04/01/2030	360	0.11
165,000	Bundesrepublik Deutschland 6.5% 04/07/2027	356	0.11
250,000	Bundesschatzanweisungen 0% 12/06/2015	342	0.10
	ドイツ合計	25,432	7.73

	イタリア
	社債-格付BBB
420,000	Italy Buoni Poliennali Del Tesoro 2.25% 15/05/2016	593	0.18
300,000	Italy Buoni Poliennali Del Tesoro 2.5% 01/05/2019	433	0.13
500,000	Italy Buoni Poliennali Del Tesoro 2.75% 01/12/2015	706	0.21
320,000	Italy Buoni Poliennali Del Tesoro 2.75% 15/11/2016	459	0.14

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
170,000	Italy Buoni Poliennali Del Tesoro 3% 15/06/2015	238	0.07
200,000	Italy Buoni Poliennali Del Tesoro 3% 01/11/2015	283	0.09
300,000	Italy Buoni Poliennali Del Tesoro 3.5% 01/11/2017	444	0.14
450,000	Italy Buoni Poliennali Del Tesoro 3.5% 01/06/2018	671	0.20
150,000	Italy Buoni Poliennali Del Tesoro 3.5% 01/03/2030	209	0.06
300,000	Italy Buoni Poliennali Del Tesoro 3.75% 01/08/2015	425	0.13
250,000	Italy Buoni Poliennali Del Tesoro 3.75% 15/04/2016	362	0.11
390,000	Italy Buoni Poliennali Del Tesoro 3.75% 01/08/2016	568	0.17
324,000	Italy Buoni Poliennali Del Tesoro 3.75% 01/03/2021	493	0.15
330,000	Italy Buoni Poliennali Del Tesoro 3.75% 01/05/2021	501	0.15
590,000	Italy Buoni Poliennali Del Tesoro 3.75% 01/08/2021	896	0.27
140,000	Italy Buoni Poliennali Del Tesoro 3.75% 01/09/2024	207	0.06
480,000	Italy Buoni Poliennali Del Tesoro 4% 01/02/2017	712	0.22
613,000	Italy Buoni Poliennali Del Tesoro 4% 01/09/2020	948	0.29
515,000	Italy Buoni Poliennali Del Tesoro 4% 01/02/2037	744	0.23
570,000	Italy Buoni Poliennali Del Tesoro 4.25% 01/02/2019	883	0.27
600,000	Italy Buoni Poliennali Del Tesoro 4.25% 01/09/2019	936	0.28
504,000	Italy Buoni Poliennali Del Tesoro 4.25% 01/03/2020	788	0.24
500,000	Italy Buoni Poliennali Del Tesoro 4.5% 15/07/2015	713	0.22
335,000	Italy Buoni Poliennali Del Tesoro 4.5% 01/02/2018	514	0.16
320,000	Italy Buoni Poliennali Del Tesoro 4.5% 01/08/2018	496	0.15
360,000	Italy Buoni Poliennali Del Tesoro 4.5% 01/03/2019	565	0.17
365,000	Italy Buoni Poliennali Del Tesoro 4.5% 01/02/2020	577	0.18
380,000	Italy Buoni Poliennali Del Tesoro 4.5% 01/05/2023	599	0.18
290,000	Italy Buoni Poliennali Del Tesoro 4.5% 01/03/2024	457	0.14
660,000	Italy Buoni Poliennali Del Tesoro 4.5% 01/03/2026	1,033	0.31
300,000	Italy Buoni Poliennali Del Tesoro 4.75% 15/09/2016	447	0.14
300,000	Italy Buoni Poliennali Del Tesoro 4.75% 01/05/2017	456	0.14
600,000	Italy Buoni Poliennali Del Tesoro 4.75% 01/06/2017	913	0.28
720,000	Italy Buoni Poliennali Del Tesoro 4.75% 01/09/2021	1,161	0.35
460,000	Italy Buoni Poliennali Del Tesoro 4.75% 01/08/2023	739	0.23
330,000	Italy Buoni Poliennali Del Tesoro 4.75% 01/09/2028	525	0.16
270,000	Italy Buoni Poliennali Del Tesoro 4.75% 01/09/2044	422	0.13

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
265,000	Italy Buoni Poliennali Del Tesoro 5% 01/03/2022	432	0.13
240,000	Italy Buoni Poliennali Del Tesoro 5% 01/03/2025	391	0.12
400,000	Italy Buoni Poliennali Del Tesoro 5% 01/08/2034	652	0.20
345,000	Italy Buoni Poliennali Del Tesoro 5% 01/08/2039	560	0.17
350,000	Italy Buoni Poliennali Del Tesoro 5% 01/09/2040	566	0.17
640,000	Italy Buoni Poliennali Del Tesoro 5.25% 01/08/2017	992	0.30
420,000	Italy Buoni Poliennali Del Tesoro 5.25% 01/11/2029	700	0.21
250,000	Italy Buoni Poliennali Del Tesoro 5.5% 01/09/2022	420	0.13
381,000	Italy Buoni Poliennali Del Tesoro 5.5% 01/11/2022	640	0.19
265,000	Italy Buoni Poliennali Del Tesoro 5.75% 01/02/2033	470	0.14
550,000	Italy Buoni Poliennali Del Tesoro 6% 01/05/2031	994	0.30
505,000	Italy Buoni Poliennali Del Tesoro 6.5% 01/11/2027	937	0.29
338,000	Italy Buoni Poliennali Del Tesoro 7.25% 01/11/2026	657	0.20
195,000	Italy Buoni Poliennali Del Tesoro 9% 01/11/2023	409	0.12
	イタリア合計	30,936	9.40

	日本
	社債-格付AA-
40,000,000	Japan Government Five Year Bond 0.1% 20/12/2017	395	0.12
90,000,000	Japan Government Five Year Bond 0.1% 20/03/2018	888	0.27
95,000,000	Japan Government Five Year Bond 0.2% 20/03/2017	941	0.29
136,000,000	Japan Government Five Year Bond 0.2% 20/06/2017	1,347	0.41
110,000,000	Japan Government Five Year Bond 0.2% 20/09/2017	1,090	0.33
45,000,000	Japan Government Five Year Bond 0.2% 20/12/2017	446	0.14
49,800,000	Japan Government Five Year Bond 0.2% 20/09/2018	493	0.15
157,000,000	Japan Government Five Year Bond 0.2% 20/12/2018	1,554	0.47
124,000,000	Japan Government Five Year Bond 0.2% 20/03/2019	1,227	0.37
50,000,000	Japan Government Five Year Bond 0.3% 20/06/2015	495	0.15
30,000,000	Japan Government Five Year Bond 0.3% 20/06/2016	297	0.09
50,000,000	Japan Government Five Year Bond 0.3% 20/09/2016	496	0.15
60,000,000	Japan Government Five Year Bond 0.3% 20/12/2016	596	0.18
70,000,000	Japan Government Five Year Bond 0.3% 20/03/2017	695	0.21
75,000,000	Japan Government Five Year Bond 0.3% 20/06/2018	746	0.23
74,000,000	Japan Government Five Year Bond 0.4% 20/06/2015	733	0.22
90,000,000	Japan Government Five Year Bond 0.4% 20/09/2015	892	0.27

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
85,000,000	Japan Government Five Year Bond 0.4% 20/06/2016	845	0.26
67,000,000	Japan Government Five Year Bond 0.4% 20/09/2016	666	0.20
64,000,000	Japan Government Five Year Bond 0.4% 20/12/2016	637	0.19
80,000,000	Japan Government Five Year Bond 0.5% 20/12/2015	795	0.24
45,000,000	Japan Government Five Year Bond 0.5% 20/03/2016	447	0.14
115,000,000	Japan Government Five Year Bond 0.6% 20/12/2015	1,144	0.35
65,000,000	Japan Government Five Year Bond 0.6% 20/03/2016	647	0.20
20,000,000	Japan Government Forty Year Bond 1.9% 20/03/2053	204	0.06
31,600,000	Japan Government Forty Year Bond 2% 20/03/2052	332	0.10
40,000,000	Japan Government Forty Year Bond 2.2% 20/03/2049	442	0.13
22,500,000	Japan Government Forty Year Bond 2.2% 20/03/2050	249	0.08
30,500,000	Japan Government Forty Year Bond 2.2% 20/03/2051	337	0.10
9,000,000	Japan Government Forty Year Bond 2.4% 20/03/2048	104	0.03
83,350,000	Japan Government Ten Year Bond 0.6% 20/03/2023	833	0.25
40,000,000	Japan Government Ten Year Bond 0.6% 20/09/2023	398	0.12
35,000,000	Japan Government Ten Year Bond 0.6% 20/12/2023	348	0.11
107,000,000	Japan Government Ten Year Bond 0.6% 20/03/2024	1,062	0.32
40,000,000	Japan Government Ten Year Bond 0.7% 20/12/2022	404	0.12
115,000,000	Japan Government Ten Year Bond 0.8% 20/09/2020	1,176	0.36
57,000,000	Japan Government Ten Year Bond 0.8% 20/06/2022	581	0.18
145,000,000	Japan Government Ten Year Bond 0.8% 20/09/2022	1,476	0.45
77,000,000	Japan Government Ten Year Bond 0.8% 20/12/2022	783	0.24
78,000,000	Japan Government Ten Year Bond 0.8% 20/06/2023	791	0.24
65,000,000	Japan Government Ten Year Bond 0.8% 20/09/2023	659	0.20
32,000,000	Japan Government Ten Year Bond 0.9% 20/03/2022	329	0.10
55,000,000	Japan Government Ten Year Bond 0.9% 20/06/2022	565	0.17
70,000,000	Japan Government Ten Year Bond 1% 20/09/2020	724	0.22
80,750,000	Japan Government Ten Year Bond 1% 20/09/2021	836	0.25
71,000,000	Japan Government Ten Year Bond 1% 20/12/2021	735	0.22
70,000,000	Japan Government Ten Year Bond 1% 20/03/2022	724	0.22
69,600,000	Japan Government Ten Year Bond 1.1% 20/06/2020	724	0.22
35,000,000	Japan Government Ten Year Bond 1.1% 20/03/2021	365	0.11
41,000,000	Japan Government Ten Year Bond 1.1% 20/06/2021	428	0.13

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
89,000,000	Japan Government Ten Year Bond 1.1% 20/09/2021	928	0.28
23,000,000	Japan Government Ten Year Bond 1.1% 20/12/2021	240	0.07
30,000,000	Japan Government Ten Year Bond 1.2% 20/06/2015	299	0.09
144,000,000	Japan Government Ten Year Bond 1.2% 20/12/2020	1,509	0.46
72,800,000	Japan Government Ten Year Bond 1.2% 20/06/2021	764	0.23
35,000,000	Japan Government Ten Year Bond 1.3% 20/03/2018	361	0.11
30,000,000	Japan Government Ten Year Bond 1.3% 20/12/2018	311	0.10
100,000,000	Japan Government Ten Year Bond 1.3% 20/03/2019	1,040	0.32
32,000,000	Japan Government Ten Year Bond 1.3% 20/09/2019	334	0.10
75,000,000	Japan Government Ten Year Bond 1.3% 20/12/2019	785	0.24
57,000,000	Japan Government Ten Year Bond 1.3% 20/03/2020	598	0.18
55,000,000	Japan Government Ten Year Bond 1.3% 20/06/2020	578	0.18
79,000,000	Japan Government Ten Year Bond 1.3% 20/03/2021	834	0.25
10,000,000	Japan Government Ten Year Bond 1.4% 20/09/2015	100	0.03
45,000,000	Japan Government Ten Year Bond 1.4% 20/03/2018	466	0.14
35,000,000	Japan Government Ten Year Bond 1.4% 20/12/2018	365	0.11
30,000,000	Japan Government Ten Year Bond 1.4% 20/06/2019	314	0.10
47,000,000	Japan Government Ten Year Bond 1.4% 20/09/2019	494	0.15
75,000,000	Japan Government Ten Year Bond 1.4% 20/03/2020	791	0.24
55,000,000	Japan Government Ten Year Bond 1.5% 20/12/2015	554	0.17
65,000,000	Japan Government Ten Year Bond 1.5% 20/12/2017	673	0.20
62,000,000	Japan Government Ten Year Bond 1.5% 20/09/2018	647	0.20
35,000,000	Japan Government Ten Year Bond 1.5% 20/03/2019	367	0.11
65,000,000	Japan Government Ten Year Bond 1.5% 20/06/2019	684	0.21
65,000,000	Japan Government Ten Year Bond 1.6% 20/12/2015	656	0.20
61,000,000	Japan Government Ten Year Bond 1.6% 20/03/2016	618	0.19
20,000,000	Japan Government Ten Year Bond 1.7% 20/09/2016	205	0.06
108,000,000	Japan Government Ten Year Bond 1.7% 20/12/2016	1,109	0.34
195,000,000	Japan Government Ten Year Bond 1.7% 20/03/2017	2,009	0.61
74,000,000	Japan Government Ten Year Bond 1.7% 20/09/2017	768	0.23
48,000,000	Japan Government Ten Year Bond 1.7% 20/03/2018	502	0.15
45,000,000	Japan Government Ten Year Bond 1.7% 20/06/2018	472	0.14
36,000,000	Japan Government Ten Year Bond 1.8% 20/09/2016	369	0.11

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
175,000,000	Japan Government Ten Year Bond 1.8% 20/06/2017	1,815	0.55
66,000,000	Japan Government Ten Year Bond 1.8% 20/06/2018	695	0.21
100,000,000	Japan Government Ten Year Bond 1.9% 20/06/2016	1,023	0.31
101,000,000	Japan Government Ten Year Bond 2% 20/06/2016	1,035	0.32
10,000,000	Japan Government Thirty Year Bond 1.7% 20/06/2033	105	0.03
22,000,000	Japan Government Thirty Year Bond 1.7% 20/12/2043	218	0.07
40,100,000	Japan Government Thirty Year Bond 1.7% 20/03/2044	397	0.12
20,000,000	Japan Government Thirty Year Bond 1.8% 22/11/2032	214	0.07
33,000,000	Japan Government Thirty Year Bond 1.8% 20/03/2043	337	0.10
49,000,000	Japan Government Thirty Year Bond 1.8% 20/09/2043	499	0.15
51,000,000	Japan Government Thirty Year Bond 1.9% 20/09/2042	533	0.16
29,300,000	Japan Government Thirty Year Bond 1.9% 20/06/2043	305	0.09
16,000,000	Japan Government Thirty Year Bond 2% 20/12/2033	174	0.05
49,000,000	Japan Government Thirty Year Bond 2% 20/09/2040	525	0.16
22,600,000	Japan Government Thirty Year Bond 2% 20/09/2041	242	0.07
53,000,000	Japan Government Thirty Year Bond 2% 20/03/2042	566	0.17
10,000,000	Japan Government Thirty Year Bond 2.1% 20/09/2033	111	0.03
52,000,000	Japan Government Thirty Year Bond 2.2% 20/09/2039	580	0.18
46,000,000	Japan Government Thirty Year Bond 2.2% 20/03/2041	512	0.16
16,000,000	Japan Government Thirty Year Bond 2.3% 20/03/2035	182	0.06
27,000,000	Japan Government Thirty Year Bond 2.3% 20/06/2035	306	0.09
22,000,000	Japan Government Thirty Year Bond 2.3% 20/12/2035	249	0.08
9,000,000	Japan Government Thirty Year Bond 2.3% 20/12/2036	102	0.03
51,000,000	Japan Government Thirty Year Bond 2.3% 20/03/2039	579	0.18
42,000,000	Japan Government Thirty Year Bond 2.3% 20/03/2040	477	0.15
10,000,000	Japan Government Thirty Year Bond 2.4% 20/11/2031	117	0.04
28,500,000	Japan Government Thirty Year Bond 2.4% 20/03/2034	329	0.10
10,000,000	Japan Government Thirty Year Bond 2.4% 20/12/2034	115	0.04
28,000,000	Japan Government Thirty Year Bond 2.4% 20/03/2037	323	0.10
57,000,000	Japan Government Thirty Year Bond 2.4% 20/09/2038	658	0.20
15,000,000	Japan Government Thirty Year Bond 2.5% 20/06/2034	176	0.05
25,000,000	Japan Government Thirty Year Bond 2.5% 20/09/2034	293	0.09
7,000,000	Japan Government Thirty Year Bond 2.5% 20/09/2035	82	0.03

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
30,000,000	Japan Government Thirty Year Bond 2.5% 20/03/2036	351	0.11
14,000,000	Japan Government Thirty Year Bond 2.5% 20/06/2036	164	0.05
9,000,000	Japan Government Thirty Year Bond 2.5% 20/09/2036	105	0.03
45,500,000	Japan Government Thirty Year Bond 2.5% 20/09/2037	533	0.16
43,500,000	Japan Government Thirty Year Bond 2.5% 20/03/2038	510	0.16
15,000,000	Japan Government Twenty Year Bond 0.8% 20/06/2023	152	0.05
10,000,000	Japan Government Twenty Year Bond 1% 20/03/2023	103	0.03
20,000,000	Japan Government Twenty Year Bond 1.5% 20/06/2032	205	0.06
20,000,000	Japan Government Twenty Year Bond 1.5% 20/03/2033	203	0.06
100,000,000	Japan Government Twenty Year Bond 1.5% 20/03/2034	1,002	0.31
14,000,000	Japan Government Twenty Year Bond 1.6% 20/06/2030	149	0.05
22,000,000	Japan Government Twenty Year Bond 1.6% 20/03/2032	230	0.07
20,000,000	Japan Government Twenty Year Bond 1.6% 20/06/2032	208	0.06
38,000,000	Japan Government Twenty Year Bond 1.6% 20/03/2033	392	0.12
53,000,000	Japan Government Twenty Year Bond 1.6% 20/12/2033	542	0.17
10,000,000	Japan Government Twenty Year Bond 1.7% 20/12/2022	109	0.03
10,000,000	Japan Government Twenty Year Bond 1.7% 20/09/2031	107	0.03
30,000,000	Japan Government Twenty Year Bond 1.7% 20/12/2031	319	0.10
20,000,000	Japan Government Twenty Year Bond 1.7% 20/03/2032	212	0.06
20,000,000	Japan Government Twenty Year Bond 1.7% 20/06/2032	212	0.06
58,000,000	Japan Government Twenty Year Bond 1.7% 20/09/2032	612	0.19
35,000,000	Japan Government Twenty Year Bond 1.7% 20/12/2032	368	0.11
12,000,000	Japan Government Twenty Year Bond 1.7% 20/06/2033	125	0.04
79,000,000	Japan Government Twenty Year Bond 1.7% 20/09/2033	824	0.25
12,000,000	Japan Government Twenty Year Bond 1.8% 20/06/2030	131	0.04
35,000,000	Japan Government Twenty Year Bond 1.8% 20/09/2030	382	0.12
26,000,000	Japan Government Twenty Year Bond 1.8% 20/06/2031	282	0.09
44,000,000	Japan Government Twenty Year Bond 1.8% 20/09/2031	476	0.15
39,000,000	Japan Government Twenty Year Bond 1.8% 20/12/2031	421	0.13
22,650,000	Japan Government Twenty Year Bond 1.8% 20/03/2032	244	0.07
28,500,000	Japan Government Twenty Year Bond 1.8% 20/12/2032	305	0.09
15,000,000	Japan Government Twenty Year Bond 1.9% 20/12/2023	167	0.05
22,000,000	Japan Government Twenty Year Bond 1.9% 20/03/2024	245	0.07

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
18,000,000	Japan Government Twenty Year Bond 1.9% 20/03/2025	201	0.06
10,000,000	Japan Government Twenty Year Bond 1.9% 20/06/2025	112	0.03
41,000,000	Japan Government Twenty Year Bond 1.9% 20/12/2028	457	0.14
48,000,000	Japan Government Twenty Year Bond 1.9% 20/03/2029	535	0.16
30,000,000	Japan Government Twenty Year Bond 1.9% 20/09/2030	332	0.10
25,000,000	Japan Government Twenty Year Bond 1.9% 20/03/2031	275	0.08
45,000,000	Japan Government Twenty Year Bond 1.9% 20/06/2031	495	0.15
5,000,000	Japan Government Twenty Year Bond 2% 21/03/2022	56	0.02
15,000,000	Japan Government Twenty Year Bond 2% 20/06/2022	167	0.05
67,000,000	Japan Government Twenty Year Bond 2% 20/12/2024	755	0.23
32,000,000	Japan Government Twenty Year Bond 2% 20/09/2025	362	0.11
20,000,000	Japan Government Twenty Year Bond 2% 20/03/2027	227	0.07
10,000,000	Japan Government Twenty Year Bond 2% 20/06/2030	112	0.03
11,000,000	Japan Government Twenty Year Bond 2% 20/12/2030	123	0.04
21,000,000	Japan Government Twenty Year Bond 2% 20/03/2031	234	0.07
14,000,000	Japan Government Twenty Year Bond 2.1% 22/03/2021	155	0.05
29,000,000	Japan Government Twenty Year Bond 2.1% 20/03/2024	328	0.10
15,000,000	Japan Government Twenty Year Bond 2.1% 20/09/2024	170	0.05
13,000,000	Japan Government Twenty Year Bond 2.1% 20/03/2025	148	0.05
20,000,000	Japan Government Twenty Year Bond 2.1% 20/09/2025	228	0.07
25,000,000	Japan Government Twenty Year Bond 2.1% 20/03/2026	286	0.09
36,000,000	Japan Government Twenty Year Bond 2.1% 20/12/2026	412	0.13
35,000,000	Japan Government Twenty Year Bond 2.1% 20/03/2027	401	0.12
15,000,000	Japan Government Twenty Year Bond 2.1% 20/06/2027	172	0.05
80,000,000	Japan Government Twenty Year Bond 2.1% 20/09/2027	916	0.28
35,000,000	Japan Government Twenty Year Bond 2.1% 20/12/2027	401	0.12
13,000,000	Japan Government Twenty Year Bond 2.1% 20/06/2028	149	0.05
24,000,000	Japan Government Twenty Year Bond 2.1% 20/09/2028	274	0.08
17,000,000	Japan Government Twenty Year Bond 2.1% 20/12/2028	194	0.06
33,000,000	Japan Government Twenty Year Bond 2.1% 20/03/2029	377	0.11
37,650,000	Japan Government Twenty Year Bond 2.1% 20/06/2029	429	0.13
44,000,000	Japan Government Twenty Year Bond 2.1% 20/09/2029	501	0.15
34,050,000	Japan Government Twenty Year Bond 2.1% 20/12/2029	388	0.12

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
87,000,000	Japan Government Twenty Year Bond 2.1% 20/03/2030	990	0.30
40,000,000	Japan Government Twenty Year Bond 2.1% 20/12/2030	453	0.14
25,000,000	Japan Government Twenty Year Bond 2.2% 22/06/2020	276	0.08
10,000,000	Japan Government Twenty Year Bond 2.2% 21/09/2020	111	0.03
15,000,000	Japan Government Twenty Year Bond 2.2% 20/06/2024	172	0.05
24,000,000	Japan Government Twenty Year Bond 2.2% 20/03/2026	277	0.08
15,000,000	Japan Government Twenty Year Bond 2.2% 20/06/2026	173	0.05
45,000,000	Japan Government Twenty Year Bond 2.2% 20/09/2026	520	0.16
38,000,000	Japan Government Twenty Year Bond 2.2% 20/09/2027	440	0.13
23,000,000	Japan Government Twenty Year Bond 2.2% 20/03/2028	266	0.08
13,000,000	Japan Government Twenty Year Bond 2.2% 20/09/2028	150	0.05
21,000,000	Japan Government Twenty Year Bond 2.2% 20/06/2029	242	0.07
15,000,000	Japan Government Twenty Year Bond 2.2% 20/12/2029	173	0.05
30,000,000	Japan Government Twenty Year Bond 2.2% 20/03/2030	346	0.11
20,000,000	Japan Government Twenty Year Bond 2.2% 20/03/2031	229	0.07
25,000,000	Japan Government Twenty Year Bond 2.3% 20/09/2018	269	0.08
25,000,000	Japan Government Twenty Year Bond 2.3% 20/03/2026	291	0.09
47,000,000	Japan Government Twenty Year Bond 2.3% 20/06/2026	549	0.17
17,000,000	Japan Government Twenty Year Bond 2.3% 20/06/2027	199	0.06
9,000,000	Japan Government Twenty Year Bond 2.3% 20/06/2028	105	0.03
37,000,000	Japan Government Twenty Year Bond 2.4% 20/06/2024	430	0.13
20,000,000	Japan Government Twenty Year Bond 2.4% 20/03/2028	236	0.07
25,000,000	Japan Government Twenty Year Bond 2.6% 20/03/2019	275	0.08
12,000,000	Japan Government Twenty Year Bond 2.9% 20/09/2019	135	0.04
65,000,000	Japan Government Two Year Bond 0.1% 15/09/2015	642	0.20
129,000,000	Japan Government Two Year Bond 0.1% 15/10/2015	1,274	0.39
9,000,000	Japan Government Two Year Bond 0.1% 15/11/2015	89	0.03
80,000,000	Japan Government Two Year Bond 0.2% 15/06/2015	791	0.24
50,000,000	Japan Government Two Year Bond 0.2% 15/07/2015	494	0.15
	日本合計	100,098	30.43

	イギリス
	社債-格付AAA
635,000	United Kingdom Gilt 1% 07/09/2017	1,069	0.33
680,000	United Kingdom Gilt 1.25% 22/07/2018	1,138	0.35

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
360,000	United Kingdom Gilt 1.75% 22/01/2017	623	0.19
260,000	United Kingdom Gilt 1.75% 22/07/2019	439	0.13
430,000	United Kingdom Gilt 1.75% 07/09/2022	692	0.21
350,000	United Kingdom Gilt 2% 22/01/2016	609	0.19
670,000	United Kingdom Gilt 2.25% 07/09/2023	1,106	0.34
100,000	United Kingdom Gilt 2.75% 07/09/2024	170	0.05
460,000	United Kingdom Gilt 3.25% 22/01/2044	761	0.23
120,000	United Kingdom Gilt 3.5% 22/07/2068	212	0.06
410,000	United Kingdom Gilt 3.75% 07/09/2019	761	0.23
640,000	United Kingdom Gilt 3.75% 07/09/2020	1,192	0.36
370,000	United Kingdom Gilt 3.75% 07/09/2021	691	0.21
215,000	United Kingdom Gilt 3.75% 22/07/2052	396	0.12
440,000	United Kingdom Gilt 4% 07/09/2016	800	0.24
220,000	United Kingdom Gilt 4% 07/03/2022	418	0.13
220,000	United Kingdom Gilt 4% 22/01/2060	433	0.13
210,000	United Kingdom Gilt 4.25% 07/12/2027	408	0.12
460,000	United Kingdom Gilt 4.25% 07/06/2032	896	0.27
330,000	United Kingdom Gilt 4.25% 07/03/2036	644	0.20
300,000	United Kingdom Gilt 4.25% 07/09/2039	589	0.18
310,000	United Kingdom Gilt 4.25% 07/12/2040	610	0.19
275,000	United Kingdom Gilt 4.25% 07/12/2046	548	0.17
250,000	United Kingdom Gilt 4.25% 07/12/2049	504	0.15
345,000	United Kingdom Gilt 4.25% 07/12/2055	708	0.22
335,000	United Kingdom Gilt 4.5% 07/03/2019	639	0.19
350,000	United Kingdom Gilt 4.5% 07/09/2034	705	0.21
382,000	United Kingdom Gilt 4.5% 07/12/2042	785	0.24
255,000	United Kingdom Gilt 4.75% 07/09/2015	457	0.14
245,000	United Kingdom Gilt 4.75% 07/03/2020	478	0.15
290,000	United Kingdom Gilt 4.75% 07/12/2030	597	0.18
285,000	United Kingdom Gilt 4.75% 07/12/2038	601	0.18
230,000	United Kingdom Gilt 5% 07/03/2018	440	0.13
295,000	United Kingdom Gilt 5% 07/03/2025	607	0.18
175,000	United Kingdom Gilt 6% 07/12/2028	403	0.12

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
120,000	United Kingdom Gilt 8% 07/12/2015	227	0.07
240,000	United Kingdom Gilt 8% 07/06/2021	560	0.17
185,000	United Kingdom Gilt 8.75% 25/08/2017	387	0.12
	イギリス合計	23,303	7.08

	アメリカ合衆国
	社債-格付AAA
600,000	United States Treasury Note/Bond 0.25% 15/08/2015	601	0.18
930,000	United States Treasury Note/Bond 0.25% 15/09/2015	931	0.28
1,750,000	United States Treasury Note/Bond 0.25% 30/09/2015	1,752	0.53
1,200,000	United States Treasury Note/Bond 0.25% 30/11/2015	1,201	0.37
1,550,000	United States Treasury Note/Bond 0.25% 15/12/2015	1,550	0.47
600,000	United States Treasury Note/Bond 0.25% 31/12/2015	600	0.18
340,000	United States Treasury Note/Bond 0.25% 15/04/2016	339	0.10
250,000	United States Treasury Note/Bond 0.25% 15/05/2016	249	0.08
350,000	United States Treasury Note/Bond 0.375% 15/06/2015	351	0.11
1,520,000	United States Treasury Note/Bond 0.375% 31/08/2015	1,524	0.46
575,000	United States Treasury Note/Bond 0.375% 15/11/2015	576	0.18
500,000	United States Treasury Note/Bond 0.375% 15/01/2016	501	0.15
1,650,000	United States Treasury Note/Bond 0.375% 15/02/2016	1,652	0.50
870,000	United States Treasury Note/Bond 0.375% 15/03/2016	871	0.26
300,000	United States Treasury Note/Bond 0.5% 15/06/2016	300	0.09
490,000	United States Treasury Note/Bond 0.5% 31/07/2017	484	0.15
600,000	United States Treasury Note/Bond 0.625% 15/08/2016	602	0.18
1,650,000	United States Treasury Note/Bond 0.625% 15/10/2016	1,652	0.50
700,000	United States Treasury Note/Bond 0.625% 15/11/2016	700	0.21
800,000	United States Treasury Note/Bond 0.625% 15/12/2016	800	0.24
820,000	United States Treasury Note/Bond 0.625% 31/05/2017	815	0.25
600,000	United States Treasury Note/Bond 0.625% 31/08/2017	593	0.18
410,000	United States Treasury Note/Bond 0.625% 30/09/2017	405	0.12
450,000	United States Treasury Note/Bond 0.625% 30/11/2017	443	0.14
300,000	United States Treasury Note/Bond 0.625% 30/04/2018	293	0.09
600,000	United States Treasury Note/Bond 0.75% 15/01/2017	601	0.18
970,000	United States Treasury Note/Bond 0.75% 30/06/2017	966	0.29
535,000	United States Treasury Note/Bond 0.75% 31/10/2017	530	0.16

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
520,000	United States Treasury Note/Bond 0.75% 31/12/2017	513	0.16
400,000	United States Treasury Note/Bond 0.75% 28/02/2018	394	0.12
250,000	United States Treasury Note/Bond 0.75% 31/03/2018	246	0.07
850,000	United States Treasury Note/Bond 0.875% 15/09/2016	856	0.26
3,700,000	United States Treasury Note/Bond 0.875% 30/11/2016	3,723	1.13
600,000	United States Treasury Note/Bond 0.875% 31/12/2016	603	0.18
750,000	United States Treasury Note/Bond 0.875% 31/01/2017	753	0.23
1,340,000	United States Treasury Note/Bond 0.875% 28/02/2017	1,345	0.41
600,000	United States Treasury Note/Bond 0.875% 15/04/2017	602	0.18
650,000	United States Treasury Note/Bond 0.875% 30/04/2017	651	0.20
1,200,000	United States Treasury Note/Bond 0.875% 15/05/2017	1,202	0.37
525,000	United States Treasury Note/Bond 0.875% 31/01/2018	520	0.16
770,000	United States Treasury Note/Bond 0.875% 31/07/2019	741	0.23
1,200,000	United States Treasury Note/Bond 1% 31/08/2016	1,213	0.37
140,000	United States Treasury Note/Bond 1% 30/09/2016	141	0.04
700,000	United States Treasury Note/Bond 1% 31/03/2017	704	0.21
400,000	United States Treasury Note/Bond 1% 31/05/2018	396	0.12
330,000	United States Treasury Note/Bond 1% 30/06/2019	320	0.10
350,000	United States Treasury Note/Bond 1% 31/08/2019	338	0.10
520,000	United States Treasury Note/Bond 1% 30/09/2019	502	0.15
330,000	United States Treasury Note/Bond 1% 30/11/2019	317	0.10
250,000	United States Treasury Note/Bond 1.125% 31/05/2019	244	0.07
450,000	United States Treasury Note/Bond 1.125% 31/12/2019	435	0.13
180,000	United States Treasury Note/Bond 1.125% 31/03/2020	173	0.05
625,000	United States Treasury Note/Bond 1.125% 30/04/2020	600	0.18
1,500,000	United States Treasury Note/Bond 1.25% 31/08/2015	1,519	0.46
1,000,000	United States Treasury Note/Bond 1.25% 30/09/2015	1,013	0.31
1,900,000	United States Treasury Note/Bond 1.25% 31/10/2015	1,927	0.59
160,000	United States Treasury Note/Bond 1.25% 30/11/2018	159	0.05
975,000	United States Treasury Note/Bond 1.25% 31/01/2019	964	0.29
180,000	United States Treasury Note/Bond 1.25% 31/10/2019	176	0.05
300,000	United States Treasury Note/Bond 1.25% 29/02/2020	291	0.09
600,000	United States Treasury Note/Bond 1.375% 30/11/2015	610	0.19

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
350,000	United States Treasury Note/Bond 1.375% 30/06/2018	351	0.11
1,050,000	United States Treasury Note/Bond 1.375% 31/07/2018	1,052	0.32
750,000	United States Treasury Note/Bond 1.375% 30/09/2018	749	0.23
375,000	United States Treasury Note/Bond 1.375% 30/11/2018	374	0.11
390,000	United States Treasury Note/Bond 1.375% 31/12/2018	388	0.12
750,000	United States Treasury Note/Bond 1.375% 28/02/2019	745	0.23
900,000	United States Treasury Note/Bond 1.375% 31/01/2020	880	0.27
1,050,000	United States Treasury Note/Bond 1.375% 31/05/2020	1,021	0.31
500,000	United States Treasury Note/Bond 1.5% 30/06/2016	510	0.16
750,000	United States Treasury Note/Bond 1.5% 31/07/2016	766	0.23
600,000	United States Treasury Note/Bond 1.5% 31/08/2018	603	0.18
300,000	United States Treasury Note/Bond 1.5% 31/12/2018	300	0.09
750,000	United States Treasury Note/Bond 1.5% 31/03/2019	748	0.23
1,200,000	United States Treasury Note/Bond 1.625% 30/04/2019	1,202	0.37
515,000	United States Treasury Note/Bond 1.625% 15/08/2022	489	0.15
700,000	United States Treasury Note/Bond 1.625% 15/11/2022	662	0.20
375,000	United States Treasury Note/Bond 1.75% 31/07/2015	381	0.12
260,000	United States Treasury Note/Bond 1.75% 31/05/2016	267	0.08
205,000	United States Treasury Note/Bond 1.75% 31/10/2018	208	0.06
250,000	United States Treasury Note/Bond 1.75% 31/10/2020	247	0.08
860,000	United States Treasury Note/Bond 1.75% 15/05/2022	828	0.25
1,050,000	United States Treasury Note/Bond 1.75% 15/05/2023	995	0.30
870,000	United States Treasury Note/Bond 1.875% 30/06/2015	885	0.27
500,000	United States Treasury Note/Bond 1.875% 31/08/2017	514	0.16
300,000	United States Treasury Note/Bond 1.875% 30/09/2017	308	0.09
500,000	United States Treasury Note/Bond 2% 31/01/2016	514	0.16
200,000	United States Treasury Note/Bond 2% 30/04/2016	206	0.06
500,000	United States Treasury Note/Bond 2% 31/07/2020	503	0.15
200,000	United States Treasury Note/Bond 2% 30/09/2020	200	0.06
450,000	United States Treasury Note/Bond 2% 30/11/2020	450	0.14
485,000	United States Treasury Note/Bond 2% 15/11/2021	479	0.15
630,000	United States Treasury Note/Bond 2% 15/02/2022	620	0.19
900,000	United States Treasury Note/Bond 2% 15/02/2023	874	0.27

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
670,000	United States Treasury Note/Bond 2.125% 31/05/2015	682	0.21
930,000	United States Treasury Note/Bond 2.125% 31/12/2015	956	0.29
400,000	United States Treasury Note/Bond 2.125% 31/08/2020	404	0.12
970,000	United States Treasury Note/Bond 2.125% 15/08/2021	969	0.30
200,000	United States Treasury Note/Bond 2.25% 30/11/2017	208	0.06
280,000	United States Treasury Note/Bond 2.25% 31/07/2018	290	0.09
800,000	United States Treasury Note/Bond 2.25% 30/04/2021	808	0.25
250,000	United States Treasury Note/Bond 2.375% 31/03/2016	259	0.08
500,000	United States Treasury Note/Bond 2.375% 31/07/2017	522	0.16
290,000	United States Treasury Note/Bond 2.375% 30/06/2018	302	0.09
350,000	United States Treasury Note/Bond 2.375% 31/12/2020	358	0.11
1,850,000	United States Treasury Note/Bond 2.5% 30/06/2017	1,938	0.59
800,000	United States Treasury Note/Bond 2.5% 15/08/2023	805	0.24
620,000	United States Treasury Note/Bond 2.5% 15/05/2024	619	0.19
300,000	United States Treasury Note/Bond 2.625% 29/02/2016	312	0.09
542,000	United States Treasury Note/Bond 2.625% 15/08/2020	564	0.17
1,395,000	United States Treasury Note/Bond 2.625% 15/11/2020	1,449	0.44
400,000	United States Treasury Note/Bond 2.75% 30/11/2016	420	0.13
150,000	United States Treasury Note/Bond 2.75% 31/12/2017	159	0.05
50,000	United States Treasury Note/Bond 2.75% 28/02/2018	53	0.02
760,000	United States Treasury Note/Bond 2.75% 15/02/2019	802	0.24
955,000	United States Treasury Note/Bond 2.75% 15/11/2023	979	0.30
960,000	United States Treasury Note/Bond 2.75% 15/02/2024	982	0.30
490,000	United States Treasury Note/Bond 2.75% 15/08/2042	438	0.13
530,000	United States Treasury Note/Bond 2.75% 15/11/2042	473	0.14
250,000	United States Treasury Note/Bond 2.875% 31/03/2018	265	0.08
720,000	United States Treasury Note/Bond 2.875% 15/05/2043	658	0.20
600,000	United States Treasury Note/Bond 3% 31/08/2016	632	0.19
450,000	United States Treasury Note/Bond 3% 30/09/2016	475	0.14
560,000	United States Treasury Note/Bond 3% 28/02/2017	593	0.18
640,000	United States Treasury Note/Bond 3% 15/05/2042	604	0.18
830,000	United States Treasury Note/Bond 3.125% 31/10/2016	879	0.27
520,000	United States Treasury Note/Bond 3.125% 31/01/2017	552	0.17

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
130,000	United States Treasury Note/Bond 3.125% 30/04/2017	138	0.04
678,000	United States Treasury Note/Bond 3.125% 15/05/2019	727	0.22
640,000	United States Treasury Note/Bond 3.125% 15/05/2021	683	0.21
305,000	United States Treasury Note/Bond 3.125% 15/11/2041	296	0.09
400,000	United States Treasury Note/Bond 3.125% 15/02/2042	387	0.12
560,000	United States Treasury Note/Bond 3.125% 15/02/2043	539	0.16
270,000	United States Treasury Note/Bond 3.25% 30/06/2016	285	0.09
500,000	United States Treasury Note/Bond 3.25% 31/07/2016	529	0.16
420,000	United States Treasury Note/Bond 3.25% 31/03/2017	448	0.14
430,000	United States Treasury Note/Bond 3.375% 15/11/2019	467	0.14
280,000	United States Treasury Note/Bond 3.375% 15/05/2044	282	0.09
310,000	United States Treasury Note/Bond 3.5% 15/02/2018	336	0.10
1,710,000	United States Treasury Note/Bond 3.5% 15/05/2020	1,870	0.57
285,000	United States Treasury Note/Bond 3.5% 15/02/2039	297	0.09
375,000	United States Treasury Note/Bond 3.625% 15/08/2019	412	0.13
930,000	United States Treasury Note/Bond 3.625% 15/02/2020	1,023	0.31
840,000	United States Treasury Note/Bond 3.625% 15/02/2021	925	0.28
705,000	United States Treasury Note/Bond 3.625% 15/08/2043	745	0.23
845,000	United States Treasury Note/Bond 3.625% 15/02/2044	892	0.27
300,000	United States Treasury Note/Bond 3.75% 15/11/2018	330	0.10
340,000	United States Treasury Note/Bond 3.75% 15/08/2041	369	0.11
610,000	United States Treasury Note/Bond 3.75% 15/11/2043	659	0.20
130,000	United States Treasury Note/Bond 3.875% 15/05/2018	143	0.04
230,000	United States Treasury Note/Bond 3.875% 15/08/2040	255	0.08
50,000	United States Treasury Note/Bond 4% 15/08/2018	55	0.02
300,000	United States Treasury Note/Bond 4.25% 15/11/2017	332	0.10
190,000	United States Treasury Note/Bond 4.25% 15/05/2039	223	0.07
335,000	United States Treasury Note/Bond 4.25% 15/11/2040	395	0.12
130,000	United States Treasury Note/Bond 4.375% 15/02/2038	155	0.05
230,000	United States Treasury Note/Bond 4.375% 15/11/2039	276	0.08
365,000	United States Treasury Note/Bond 4.375% 15/05/2040	438	0.13
405,000	United States Treasury Note/Bond 4.375% 15/05/2041	487	0.15
480,000	United States Treasury Note/Bond 4.5% 15/11/2015	508	0.15

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
250,000	United States Treasury Note/Bond 4.5% 15/02/2016	267	0.08
90,000	United States Treasury Note/Bond 4.5% 15/05/2017	99	0.03
340,000	United States Treasury Note/Bond 4.5% 15/02/2036	413	0.13
255,000	United States Treasury Note/Bond 4.5% 15/08/2039	311	0.09
400,000	United States Treasury Note/Bond 4.625% 15/11/2016	438	0.13
350,000	United States Treasury Note/Bond 4.625% 15/02/2017	386	0.12
360,000	United States Treasury Note/Bond 4.625% 15/02/2040	448	0.14
10,000	United States Treasury Note/Bond 4.75% 15/08/2017	11	0.00
380,000	United States Treasury Note/Bond 4.75% 15/02/2041	483	0.15
390,000	United States Treasury Note/Bond 4.875% 15/08/2016	426	0.13
130,000	United States Treasury Note/Bond 5% 15/05/2037	169	0.05
100,000	United States Treasury Note/Bond 5.125% 15/05/2016	109	0.03
140,000	United States Treasury Note/Bond 5.25% 15/11/2028	179	0.05
120,000	United States Treasury Note/Bond 5.25% 15/02/2029	154	0.05
200,000	United States Treasury Note/Bond 5.375% 15/02/2031	263	0.08
100,000	United States Treasury Note/Bond 5.5% 15/08/2028	131	0.04
50,000	United States Treasury Note/Bond 6% 15/02/2026	67	0.02
300,000	United States Treasury Note/Bond 6.125% 15/11/2027	412	0.13
275,000	United States Treasury Note/Bond 6.25% 15/08/2023	363	0.11
300,000	United States Treasury Note/Bond 6.25% 15/05/2030	426	0.13
100,000	United States Treasury Note/Bond 7.25% 15/05/2016	113	0.03
240,000	United States Treasury Note/Bond 7.5% 15/11/2016	279	0.09
180,000	United States Treasury Note/Bond 8% 15/11/2021	252	0.08
250,000	United States Treasury Note/Bond 8.125% 15/08/2019	330	0.10
200,000	United States Treasury Note/Bond 8.75% 15/05/2017	245	0.07
250,000	United States Treasury Note/Bond 8.875% 15/02/2019	333	0.10
	アメリカ合衆国合計	108,814	33.08
	債券合計	325,865	99.05
	投資価額合計	325,865	99.05
	現金†	3,429	1.04
	その他の純負債	(287)	(0.09)
	償還可能投資証券保有者に帰属する純資産価額、期末現在	329,007	100.00

† 実質的にすべての現金ポジションはステート・ストリート・バンク・アンド・トラスト・カンパニーで保有しています。

iシェアーズ米国ハイイールド債券 ETF(iBoxxドル建てLHYC)
損益計算書
2014年10月31日終了年度

	2014年10月31日終了年度
	千米ドル
運用収益	75,389
損益を通じて公正価値で測定する金融資産/負債に係る純(損失)/利益	(8,422)
利益合計	66,967
運用費用	(6,272)
純運用利益	60,695
財務費用:
償還可能投資証券保有者への分配金	(70,159)
財務費用合計	(70,159)
当期純(損失)/利益(税引前)	(9,464)
還付請求不可能な源泉徴収税	(262)
当期純(損失)/利益(税引後)	(9,726)
償還可能投資証券保有者に帰属する純資産の運用による(減少)/増加	(9,726)

損益計算書に計上されている損益の他に、当年度に発生し認識された損益はありません。当年度の成績を算定するにあたり、すべての金額は継続事業に関連しています。
償還可能投資証券保有者に帰属する純資産の変動計算書
2014年10月31日終了年度

	2014年10月31日終了年度
	千米ドル
償還可能投資証券保有者に帰属する純資産、期首現在	1,266,461
償還可能投資証券保有者に帰属する純資産の運用による(減少)/増加	(9,726)
投資証券取引:
償還可能投資証券の発行による収入	876,478
償還可能投資証券の償還に係る支払	(724,591)
投資証券取引による純資産の増加	151,887
償還可能投資証券保有者に帰属する純資産、期末現在	1,408,622

iシェアーズ米国ハイイールド債券 ETF(iBoxxドル建てLHYC)
投資明細表
2014年10月31日現在

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
公認の証券取引所に上場が認められているか規制市場で取引されている譲渡可能証券
	債券
	オーストラリア
	社債-格付BB
600,000	FMG Resources August 2006 Pty Ltd 6% 01/04/2017	611	0.04
850,000	FMG Resources August 2006 Pty Ltd 6.875% 01/02/2018	386	0.03
375,000	FMG Resources August 2006 Pty Ltd 6.875% 01/04/2022	388	0.03
880,000	FMG Resources August 2006 Pty Ltd 8.25% 01/11/2019	914	0.06
	オーストラリア合計	2,299	0.16

	バミューダ
	社債-格付BB+
800,000	Aircastle Ltd 4.625% 15/12/2018	812	0.06
1,275,000	Aircastle Ltd 5.125% 15/03/2021	1,291	0.09
1,050,000	Aircastle Ltd 6.25% 01/12/2019	1,123	0.08
950,000	Aircastle Ltd 6.75% 15/04/2017	1,019	0.07
	バミューダ合計	4,245	0.30

	英領バージン諸島
	社債-格付B+
225,000	Pacific Drilling V Ltd 7.25% 01/12/2017	221	0.02
	社債-格付B
550,000	Studio City Finance Ltd 8.5% 01/12/2020	598	0.04
	英領バージン諸島合計	819	0.06

	カナダ
	社債-格付BB+
110,000	NOVA Chemicals Corp 5% 01/05/2025	114	0.01
	社債-格付BB
650,000	MEG Energy Corp 6.375% 30/01/2023	639	0.05
300,000	MEG Energy Corp 6.5% 15/03/2021	299	0.02
500,000	MEG Energy Corp 7% 31/03/2024	503	0.04
675,000	Precision Drilling Corp 5.25% 15/11/2024	635	0.04
1,605,000	Precision Drilling Corp 6.625% 15/11/2020	1,649	0.12
250,000	Ultra Petroleum Corp 5.75% 15/12/2018	248	0.02
450,000	Ultra Petroleum Corp 6.125% 01/10/2024	425	0.03
1,700,000	Videotron Ltd 5% 15/07/2022	1,759	0.12
250,000	Videotron Ltd 5.375% 15/06/2024	258	0.02
168,000	Videotron Ltd 9.125% 15/04/2018	173	0.01
	社債-格付BB-
225,000	Air Canada 6.75% 01/10/2019	237	0.02
525,000	Bombardier Inc 4.25% 15/01/2016	537	0.04
350,000	Bombardier Inc 4.75% 15/04/2019	361	0.02
250,000	Bombardier Inc 5.75% 15/03/2022	255	0.02

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
650,000	Bombardier Inc 6% 15/10/2022	671	0.05
900,000	Bombardier Inc 6.125% 15/01/2023	929	0.07
330,000	Bombardier Inc 7.5% 15/03/2018	365	0.02
330,000	Bombardier Inc 7.75% 15/03/2020	367	0.03
200,000	Brookfield Residential Properties Inc 6.5% 15/12/2020	213	0.01
450,000	Brookfield Residential Properties Inc / Brookfield Residential US Corp 6.125% 01/07/2022	477	0.03
	社債-格付B+
662,000	First Quantum Minerals Ltd 6.75% 15/02/2020	650	0.05
812,000	First Quantum Minerals Ltd 7% 15/02/2021	792	0.06
350,000	First Quantum Minerals Ltd 7.25% 15/05/2022	343	0.02
350,000	Lundin Mining Corp 7.5% 01/11/2020	366	0.03
200,000	Lundin Mining Corp 7.875% 01/11/2022	208	0.01
1,800,000	Quebecor Media Inc 5.75% 15/01/2023	1,854	0.13
	社債-格付B/*+
1,125,000	Kodiak Oil & Gas Corp 5.5% 01/02/2022	1,142	0.08
1,400,000	Kodiak Oil & Gas Corp 8.125% 01/12/2019	1,507	0.11
	社債-格付B
2,290,000	Novelis Inc 8.375% 15/12/2017	2,393	0.17
3,110,000	Novelis Inc 8.75% 15/12/2020	3,394	0.24
450,000	Valeant Pharmaceuticals International Inc 5.625% 01/12/2021	446	0.03
950,000	Valeant Pharmaceuticals International Inc 6.75% 15/08/2018	1,010	0.07
1,050,000	Valeant Pharmaceuticals International Inc 7.5% 15/07/2021	1,125	0.08
	社債-格付B-
1,375,000	1011778 BC ULC / New Red Finance Inc 6% 01/04/2022	1,396	0.10
250,000	Air Canada 7.75% 15/04/2021	260	0.02
500,000	Jupiter Resources Inc 8.5% 01/10/2022	440	0.03
400,000	Tervita Corp 8% 15/11/2018	380	0.03
	カナダ合計	28,820	2.05

	ケイマン諸島
	社債-格付BB
400,000	UPCB Finance III Ltd 6.625% 01/07/2020	421	0.03
430,000	UPCB Finance V Ltd 7.25% 15/11/2021	475	0.03
650,000	UPCB Finance VI Ltd 6.875% 15/01/2022	708	0.05

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
	社債-格付B-
600,000	Global A&T Electronics Ltd 10% 01/02/2019	529	0.04
1,600,000	Offshore Group Investment Ltd 7.125% 01/04/2023	1,324	0.09
2,100,000	Offshore Group Investment Ltd 7.5% 01/11/2019	1,796	0.13
	ケイマン諸島合計	5,253	0.37

	フィンランド
	社債-格付BB
1,750,000	Nokia Oyj 5.375% 15/05/2019	1,884	0.13
	フィンランド合計	1,884	0.13

	フランス
	社債-格付BB+
400,000	BPCE SA 12.5% *	546	0.04
650,000	Credit Agricole SA 6.637% *	692	0.05
600,000	Credit Agricole SA 8.375% *	693	0.05
1,100,000	Lafarge SA 6.5% 15/07/2016	1,178	0.08
375,000	Societe Generale SA 5.922% *	394	0.03
	社債-格付BB
450,000	Rexel SA 5.25% 15/06/2020	453	0.03
500,000	Rexel SA 6.125% 15/12/2019	518	0.04
	社債-格付B+
1,340,000	CGG SA 6.5% 01/06/2021	1,079	0.08
950,000	CGG SA 6.875% 15/01/2022	765	0.05
215,000	CGG SA 7.75% 15/05/2017	209	0.01
1,350,000	Numericable Group SA 4.875% 15/05/2019	1,353	0.10
2,625,000	Numericable Group SA 6% 15/05/2022	2,697	0.19
650,000	Numericable Group SA 6.25% 15/05/2024	669	0.05
	フランス合計	11,246	0.80

	ドイツ
	社債-格付BB
550,000	Commerzbank AG 8.125% 19/09/2023	642	0.05
	社債-格付BB-
550,000	Unitymedia Hessen GmbH & Co KG / Unitymedia NRW GmbH 5.5% 15/01/2023	575	0.04
450,000	Unitymedia Hessen GmbH & Co KG / Unitymedia NRW GmbH 7.5% 15/03/2019	474	0.03
	社債-格付B
550,000	Unitymedia KabelBW GmbH 6.125% 15/01/2025	574	0.04
	ドイツ合計	2,265	0.16

	アイルランド
	社債-格付BB+
350,000	AerCap Ireland Capital Ltd / AerCap Global Aviation Trust 2.75% 15/05/2017	346	0.03
650,000	AerCap Ireland Capital Ltd / AerCap Global Aviation Trust 3.75% 15/05/2019	646	0.05
700,000	AerCap Ireland Capital Ltd / AerCap Global Aviation Trust 4.5% 15/05/2021	707	0.05
450,000	AerCap Ireland Capital Ltd / AerCap Global Aviation Trust 5% 01/10/2021	466	0.03

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
	社債-格付B+
700,000	Grifols Worldwide Operations Ltd 5.25% 01/04/2022	718	0.05
	社債-格付CCC+
450,000	Ardagh Packaging Finance Plc 9.125% 15/10/2020	486	0.03
225,000	Ardagh Packaging Finance Plc / Ardagh Holdings USA Inc 6% 30/06/2021	223	0.02
300,000	Ardagh Packaging Finance Plc / Ardagh Holdings USA Inc 6.25% 31/01/2019	301	0.02
300,000	Ardagh Packaging Finance Plc / Ardagh Holdings USA Inc 6.75% 31/01/2021	309	0.02
	アイルランド合計	4,202	0.30

	イタリア
	社債-格付BB+
700,000	Enel SpA 8.75% 24/09/2073	817	0.06
800,000	Telecom Italia SpA 5.303% 30/05/2024	812	0.05
	イタリア合計	1,629	0.11

	日本
	社債-格付BB+
1,600,000	SoftBank Corp 4.5% 15/04/2020	1,618	0.11
	日本合計	1,618	0.11

	リベリア
	社債-格付BB
1,350,000	Royal Caribbean Cruises Ltd 5.25% 15/11/2022	1,402	0.10
	リベリア合計	1,402	0.10

	ルクセンブルグ
	社債-格付BB+
50,000	Telecom Italia Capital SA 5.25% 01/10/2015	51	0.00
2,000,000	Telecom Italia Capital SA 6.999% 04/06/2018	2,240	0.16
2,000,000	Telecom Italia Capital SA 7.175% 18/06/2019	2,276	0.16
	社債-格付BB+/*-
1,250,000	ArcelorMittal 4.25% 01/03/2016	1,278	0.09
2,500,000	ArcelorMittal 5% 25/02/2017	2,613	0.18
2,250,000	ArcelorMittal 5.75% 05/08/2020	2,391	0.17
3,250,000	ArcelorMittal 6% 01/03/2021	3,461	0.25
3,350,000	ArcelorMittal 6.125% 01/06/2018	3,601	0.26
2,100,000	ArcelorMittal 6.75% 25/02/2022	2,336	0.17
3,245,000	ArcelorMittal 10.35% 01/06/2019	3,999	0.28
	社債-格付BB
500,000	Millicom International Cellular SA 6.625% 15/10/2021	535	0.03
250,000	Nielsen Co Luxembourg SARL 5.5% 01/10/2021	259	0.02
400,000	Wind Acquisition Finance SA 6.5% 30/04/2020	415	0.03
	社債-格付BB-
500,000	Altice Financing SA 6.5% 15/01/2022	515	0.04
250,000	Altice Financing SA 7.875% 15/12/2019	267	0.02
500,000	Mallinckrodt International Finance SA / Mallinckrodt CB LLC 5.75% 01/08/2022	524	0.04

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
500,000	Puma International Financing SA 6.75% 01/02/2021	511	0.03
1,150,000	Wind Acquisition Finance SA 4.75% 15/07/2020	1,118	0.08
	社債-格付B+
2,475,000	CHC Helicopter SA 9.25% 15/10/2020	2,394	0.17
3,805,000	Intelsat Jackson Holdings SA 5.5% 01/08/2023	3,815	0.27
3,060,000	Intelsat Jackson Holdings SA 7.25% 01/04/2019	3,213	0.23
4,730,000	Intelsat Jackson Holdings SA 7.25% 15/10/2020	5,049	0.36
2,310,000	Intelsat Jackson Holdings SA 7.5% 01/04/2021	2,495	0.18
1,000,000	Intelsat Jackson Holdings SA 8.5% 01/11/2019	1,040	0.07
515,000	Pacific Drilling SA 5.375% 01/06/2020	465	0.03
	社債-格付B
1,650,000	Altice SA 7.75% 15/05/2022	1,726	0.12
500,000	ConvaTec Healthcare E SA 10.5% 15/12/2018	530	0.04
1,400,000	Mallinckrodt International Finance SA 4.75% 15/04/2023	1,348	0.09
2,925,000	Trinseo Materials Operating SCA / Trinseo Materials Finance Inc 8.75% 01/02/2019	3,100	0.22
1,550,000	Wind Acquisition Finance SA 7.375% 23/04/2021	1,504	0.11
	社債-格付B-
200,000	Altice Finco SA 8.125% 15/01/2024	210	0.02
500,000	Altice Finco SA 9.875% 15/12/2020	560	0.04
200,000	INEOS Group Holdings SA 5.875% 15/02/2019	201	0.01
400,000	INEOS Group Holdings SA 6.125% 15/08/2018	403	0.03
2,350,000	Intelsat Jackson Holdings SA 6.625% 15/12/2022	2,473	0.18
1,150,000	Intelsat Luxembourg SA 6.75% 01/06/2018	1,190	0.08
4,325,000	Intelsat Luxembourg SA 7.75% 01/06/2021	4,509	0.32
2,500,000	Intelsat Luxembourg SA 8.125% 01/06/2023	2,669	0.19
	社債-格付CCC+
375,000	Beverage Packaging Holdings Luxembourg II SA / Beverage Packaging Holdings II Is 5.625% 15/12/2016	376	0.03
550,000	Beverage Packaging Holdings Luxembourg II SA / Beverage Packaging Holdings II Is 6% 15/06/2017	551	0.04
	ルクセンブルグ合計	68,211	4.84

	オランダ
	社債-格付BB+
500,000	EDP Finance BV 4.9% 01/10/2019	521	0.04
450,000	EDP Finance BV 5.25% 14/01/2021	470	0.03
550,000	EDP Finance BV 6% 02/02/2018	595	0.04
175,000	Sensata Technologies BV 4.875% 15/10/2023	175	0.01

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
70,000	Sensata Technologies BV 5.625% 01/11/2024	74	0.01
500,000	Sensata Technologies BV 6.5% 15/05/2019	523	0.04
	社債-格付BB
400,000	Koninklijke KPN NV 7% 28/03/2073	419	0.03
250,000	NXP BV / NXP Funding LLC 3.5% 15/09/2016	253	0.02
700,000	NXP BV / NXP Funding LLC 3.75% 01/06/2018	703	0.05
200,000	NXP BV / NXP Funding LLC 5.75% 15/02/2021	211	0.01
200,000	NXP BV / NXP Funding LLC 5.75% 15/03/2023	211	0.02
	社債-格付BB-
400,000	Schaeffler Finance BV 4.25% 15/05/2021	391	0.03
600,000	Schaeffler Finance BV 4.75% 15/05/2021	598	0.04
200,000	Schaeffler Finance BV 7.75% 15/02/2017	225	0.01
	オランダ合計	5,369	0.38

	マーシャル諸島共和国
	社債-格付BB-
525,000	Navios Maritime Holdings Inc / Navios Maritime Finance II US Inc 7.375% 15/01/2022	528	0.04
	マーシャル諸島共和国合計	528	0.04

	シンガポール
	社債-格付BB+
1,050,000	Flextronics International Ltd 4.625% 15/02/2020	1,071	0.08
850,000	Flextronics International Ltd 5% 15/02/2023	871	0.06
	シンガポール合計	1,942	0.14

	スペイン
	社債-格付B+
925,000	BBVA International Preferred SAU 5.919% *	944	0.07
	社債-格付B
350,000	Abengoa Finance SAU 7.75% 01/02/2020	366	0.02
350,000	Abengoa Finance SAU 8.875% 01/11/2017	380	0.03
	スペイン合計	1,690	0.12

	英国
	社債-格付BB+
550,000	Inmarsat Finance Plc 4.875% 15/05/2022	550	0.04
	社債-格付BB
450,000	Jaguar Land Rover Automotive Plc 4.125% 15/12/2018	456	0.03
200,000	Jaguar Land Rover Automotive Plc 4.25% 15/11/2019	201	0.02
400,000	Jaguar Land Rover Automotive Plc 5.625% 01/02/2023	422	0.03
300,000	Jaguar Land Rover Automotive Plc 8.125% 15/05/2021	330	0.02
4,700,000	Royal Bank of Scotland Group Plc 5.125% 28/05/2024	4,750	0.34

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
4,450,000	Royal Bank of Scotland Group Plc 6% 19/12/2023	4,772	0.34
1,700,000	Royal Bank of Scotland Group Plc 6.1% 10/06/2023	1,839	0.13
4,400,000	Royal Bank of Scotland Group Plc 6.125% 15/12/2022	4,774	0.34
	社債-格付BB-
570,000	Ineos Finance Plc 7.5% 01/05/2020	609	0.04
550,000	Ineos Finance Plc 8.375% 15/02/2019	590	0.04
400,000	Tullow Oil Plc 6% 01/11/2020	378	0.03
500,000	Tullow Oil Plc 6.25% 15/04/2022	457	0.03
750,000	Virgin Media Secured Finance Plc 5.25% 15/01/2021	776	0.06
725,000	Virgin Media Secured Finance Plc 5.375% 15/04/2021	750	0.05
500,000	Virgin Media Secured Finance Plc 5.5% 15/01/2025	518	0.04
	社債-格付B+
300,000	Paragon Offshore Plc 6.75% 15/07/2022	238	0.02
300,000	Paragon Offshore Plc 7.25% 15/08/2024	233	0.01
	社債-格付B
700,000	Algeco Scotsman Global Finance Plc 8.5% 15/10/2018	726	0.05
400,000	Virgin Media Finance Plc 6% 15/10/2024	417	0.03
300,000	Virgin Media Finance Plc 6.375% 15/04/2023	320	0.02
	社債-格付CCC+
350,000	Algeco Scotsman Global Finance Plc 10.75% 15/10/2019	345	0.03
	英国合計	24,451	1.74

	米国
	社債-格付BBB
350,000	Nuveen Investments Inc 9.5% 15/10/2020	424	0.03
	社債-格付BBB-
2,535,000	Alcoa Inc 5.125% 01/10/2024	2,659	0.19
2,840,000	Alcoa Inc 5.4% 15/04/2021	3,103	0.22
1,000,000	Alcoa Inc 5.55% 01/02/2017	1,073	0.08
1,600,000	Alcoa Inc 5.72% 23/02/2019	1,785	0.13
1,400,000	Alcoa Inc 5.87% 23/02/2022	1,559	0.11
1,700,000	Alcoa Inc 6.15% 15/08/2020	1,923	0.14
1,650,000	Alcoa Inc 6.75% 15/07/2018	1,875	0.13
3,150,000	General Motors Co 3.5% 02/10/2018	3,257	0.23
3,050,000	General Motors Co 4.875% 02/10/2023	3,283	0.23
2,100,000	General Motors Financial Co Inc 2.625% 10/07/2017	2,124	0.15
1,545,000	General Motors Financial Co Inc 2.75% 15/05/2016	1,568	0.11
1,000,000	General Motors Financial Co Inc 3% 25/09/2017	1,021	0.07
1,290,000	General Motors Financial Co Inc 3.25% 15/05/2018	1,321	0.09
1,500,000	General Motors Financial Co Inc 3.5% 10/07/2019	1,548	0.11
1,985,000	General Motors Financial Co Inc 4.25% 15/05/2023	2,042	0.14
2,300,000	General Motors Financial Co Inc 4.375% 25/09/2021	2,409	0.17

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
2,184,000	General Motors Financial Co Inc 4.75% 15/08/2017	2,331	0.16
1,700,000	General Motors Financial Co Inc 6.75% 01/06/2018	1,934	0.14
1,625,000	GLP Capital LP / GLP Financing II Inc 4.375% 01/11/2018	1,670	0.12
1,750,000	GLP Capital LP / GLP Financing II Inc 4.875% 01/11/2020	1,820	0.13
1,025,000	GLP Capital LP / GLP Financing II Inc 5.375% 01/11/2023	1,079	0.08
2,350,000	Icahn Enterprises LP / Icahn Enterprises Finance Corp 3.5% 15/03/2017	2,379	0.17
2,700,000	Icahn Enterprises LP / Icahn Enterprises Finance Corp 4.875% 15/03/2019	2,764	0.20
2,645,000	Icahn Enterprises LP / Icahn Enterprises Finance Corp 5.875% 01/02/2022	2,728	0.19
3,500,000	Icahn Enterprises LP / Icahn Enterprises Finance Corp 6% 01/08/2020	3,687	0.26
750,000	Masco Corp 5.95% 15/03/2022	821	0.06
2,020,000	Masco Corp 6.125% 03/10/2016	2,166	0.15
1,225,000	Masco Corp 7.125% 15/03/2020	1,406	0.10
2,100,000	Newfield Exploration Co 5.625% 01/07/2024	2,273	0.16
1,500,000	Newfield Exploration Co 5.75% 30/01/2022	1,631	0.12
270,000	QVC Inc 3.125% 01/04/2019	271	0.02
1,445,000	QVC Inc 4.375% 15/03/2023	1,436	0.10
1,450,000	QVC Inc 4.45% 15/02/2025	1,404	0.10
1,150,000	QVC Inc 4.85% 01/04/2024	1,163	0.08
950,000	QVC Inc 5.125% 02/07/2022	997	0.07
500,000	QVC Inc 7.375% 15/10/2020	527	0.04
2,550,000	Rockwood Specialties Group Inc 4.625% 15/10/2020	2,662	0.19
1,100,000	SESI LLC 6.375% 01/05/2019	1,151	0.08
1,420,000	SESI LLC 7.125% 15/12/2021	1,544	0.11
300,000	Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp 4.25% 30/05/2023	300	0.02
1,700,000	Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp 5.375% 15/03/2022	1,785	0.13
2,580,000	Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp 7.75% 15/08/2020	2,767	0.20
	社債-格付BB+/*+
2,575,000	Access Midstream Partners LP / ACMP Finance Corp 4.875% 15/05/2023	2,692	0.19
1,700,000	Access Midstream Partners LP / ACMP Finance Corp 4.875% 15/03/2024	1,779	0.13
1,650,000	Access Midstream Partners LP / ACMP Finance Corp 5.875% 15/04/2021	1,738	0.12
1,620,000	Access Midstream Partners LP / ACMP Finance Corp 6.125% 15/07/2022	1,756	0.12
500,000	Enbridge Energy Partners LP 8.05% 01/10/2037	558	0.04
900,000	PPL Capital Funding Inc 6.7% 30/03/2067	914	0.07

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
205,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp 4.125% 15/11/2019	209	0.01
1,000,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp 4.25% 15/11/2023	989	0.07
1,700,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp 5.25% 01/05/2023	1,783	0.13
850,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp 6.875% 01/02/2021	915	0.07
	社債-格付BB+
1,150,000	Activision Blizzard Inc 5.625% 15/09/2021	1,222	0.09
300,000	Activision Blizzard Inc 6.125% 15/09/2023	325	0.02
1,250,000	Avon Products Inc 4.6% 15/03/2020	1,189	0.08
875,000	Avon Products Inc 5% 15/03/2023	818	0.06
2,000,000	Ball Corp 4% 15/11/2023	1,920	0.14
1,700,000	Ball Corp 5% 15/03/2022	1,776	0.13
800,000	Ball Corp 5.75% 15/05/2021	838	0.06
870,000	Ball Corp 6.75% 15/09/2020	914	0.06
325,000	Building Materials Corp of America 5.375% 15/11/2024	326	0.02
500,000	Building Materials Corp of America 6.75% 01/05/2021	534	0.04
3,000,000	Case New Holland Industrial Inc 7.875% 01/12/2017	3,382	0.24
350,000	Celanese US Holdings LLC 4.625% 15/11/2022	354	0.03
625,000	Centex Corp 6.5% 01/05/2016	670	0.05
1,050,000	Chesapeake Energy Corp 3.25% 15/03/2016	1,054	0.07
3,100,000	Chesapeake Energy Corp 4.875% 15/04/2022	3,176	0.23
1,725,000	Chesapeake Energy Corp 5.375% 15/06/2021	1,795	0.13
2,300,000	Chesapeake Energy Corp 5.75% 15/03/2023	2,527	0.18
2,220,000	Chesapeake Energy Corp 6.125% 15/02/2021	2,468	0.18
1,175,000	Chesapeake Energy Corp 6.5% 15/08/2017	1,277	0.09
2,560,000	Chesapeake Energy Corp 6.625% 15/08/2020	2,889	0.21
1,100,000	Chesapeake Energy Corp 6.875% 15/11/2020	1,259	0.09
1,390,000	Chesapeake Energy Corp 7.25% 15/12/2018	1,589	0.11
2,225,000	Cimarex Energy Co 4.375% 01/06/2024	2,265	0.16
1,175,000	Clean Harbors Inc 5.125% 01/06/2021	1,196	0.08
1,475,000	Clean Harbors Inc 5.25% 01/08/2020	1,512	0.11
775,000	Commercial Metals Co 6.5% 15/07/2017	831	0.06
1,250,000	Commercial Metals Co 7.35% 15/08/2018	1,387	0.10
1,000,000	Concho Resources Inc 5.5% 01/10/2022	1,057	0.08
3,050,000	Concho Resources Inc 5.5% 01/04/2023	3,230	0.23
1,420,000	Concho Resources Inc 6.5% 15/01/2022	1,527	0.11

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
1,430,000	Concho Resources Inc 7% 15/01/2021	1,542	0.11
850,000	Constellation Brands Inc 3.75% 01/05/2021	849	0.06
115,000	Constellation Brands Inc 3.875% 15/11/2019	117	0.01
2,150,000	Constellation Brands Inc 4.25% 01/05/2023	2,158	0.15
100,000	Constellation Brands Inc 4.75% 15/11/2024	102	0.01
1,500,000	Constellation Brands Inc 6% 01/05/2022	1,676	0.12
1,200,000	Constellation Brands Inc 7.25% 01/09/2016	1,311	0.09
1,280,000	Constellation Brands Inc 7.25% 15/05/2017	1,429	0.10
850,000	Dana Holding Corp 5.375% 15/09/2021	883	0.06
720,000	Dana Holding Corp 6.5% 15/02/2019	747	0.05
750,000	Denali Borrower LLC / Denali Finance Corp 5.625% 15/10/2020	792	0.06
1,305,000	Fifth Third Bancorp 5.1% *	1,233	0.09
1,100,000	FirstEnergy Corp 2.75% 15/03/2018	1,110	0.08
1,450,000	FirstEnergy Corp 4.25% 15/03/2023	1,453	0.10
550,000	Fresenius Medical Care US Finance II Inc 5.625% 31/07/2019	589	0.04
250,000	Fresenius Medical Care US Finance II Inc 5.875% 31/01/2022	273	0.02
450,000	Fresenius Medical Care US Finance Inc 5.75% 15/02/2021	483	0.03
330,000	Fresenius Medical Care US Finance Inc 6.5% 15/09/2018	363	0.03
800,000	Fresenius Medical Care US Finance Inc 6.875% 15/07/2017	878	0.06
1,275,000	Gannett Co Inc 5.125% 15/10/2019	1,316	0.09
250,000	Gannett Co Inc 5.125% 15/07/2020	259	0.02
1,575,000	Gannett Co Inc 6.375% 15/10/2023	1,713	0.12
500,000	Hartford Financial Services Group Inc 8.125% 15/06/2038	578	0.04
675,000	IAC/InterActiveCorp 4.75% 15/12/2022	662	0.05
825,000	IAC/InterActiveCorp 4.875% 30/11/2018	850	0.06
165,000	IHS Inc 5% 01/11/2022	167	0.01
1,750,000	International Lease Finance Corp 3.875% 15/04/2018	1,754	0.12
600,000	International Lease Finance Corp 4.625% 15/04/2021	612	0.04
1,500,000	International Lease Finance Corp 5.75% 15/05/2016	1,566	0.11
1,400,000	International Lease Finance Corp 5.875% 01/04/2019	1,509	0.11
1,750,000	International Lease Finance Corp 5.875% 15/08/2022	1,910	0.14
2,450,000	International Lease Finance Corp 6.25% 15/05/2019	2,681	0.19
2,115,000	International Lease Finance Corp 8.25% 15/12/2020	2,555	0.18

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
940,000	International Lease Finance Corp 8.625% 15/09/2015	992	0.07
1,300,000	International Lease Finance Corp 8.625% 15/01/2022	1,618	0.11
3,150,000	International Lease Finance Corp 8.75% 15/03/2017	3,543	0.25
1,050,000	International Lease Finance Corp 8.875% 01/09/2017	1,202	0.09
1,000,000	IPALCO Enterprises Inc 5% 01/05/2018	1,060	0.08
2,050,000	L Brands Inc 5.625% 15/02/2022	2,204	0.16
750,000	L Brands Inc 5.625% 15/10/2023	806	0.06
2,310,000	L Brands Inc 6.625% 01/04/2021	2,616	0.19
690,000	L Brands Inc 7% 01/05/2020	783	0.06
900,000	L Brands Inc 8.5% 15/06/2019	1,073	0.08
300,000	Meccanica Holdings USA Inc 6.25% 15/07/2019	323	0.02
1,340,000	Newfield Exploration Co 6.875% 01/02/2020	1,393	0.10
775,000	NuStar Logistics LP 4.8% 01/09/2020	771	0.05
1,100,000	ONEOK Inc 4.25% 01/02/2022	1,088	0.08
1,050,000	QEP Resources Inc 5.25% 01/05/2023	1,023	0.07
870,000	QEP Resources Inc 5.375% 01/10/2022	860	0.06
1,500,000	QEP Resources Inc 6.875% 01/03/2021	1,619	0.11
1,250,000	Range Resources Corp 5% 15/08/2022	1,316	0.09
1,400,000	Range Resources Corp 5% 15/03/2023	1,475	0.10
870,000	Range Resources Corp 5.75% 01/06/2021	922	0.07
900,000	Range Resources Corp 6.75% 01/08/2020	952	0.07
4,325,000	Sabine Pass Liquefaction LLC 5.625% 01/02/2021	4,530	0.32
1,000,000	Sabine Pass Liquefaction LLC 5.625% 15/04/2023	1,038	0.07
2,000,000	Sabine Pass Liquefaction LLC 5.625% 15/04/2023	2,075	0.15
3,975,000	Sabine Pass Liquefaction LLC 5.75% 15/05/2024	4,119	0.29
800,000	Sabine Pass Liquefaction LLC 6.25% 15/03/2022	859	0.06
850,000	Sabine Pass LNG LP 6.5% 01/11/2020	899	0.06
3,210,000	Sabine Pass LNG LP 7.5% 30/11/2016	3,444	0.24
1,600,000	Sally Holdings LLC / Sally Capital Inc 5.75% 01/06/2022	1,704	0.12
1,650,000	Sally Holdings LLC / Sally Capital Inc 6.875% 15/11/2019	1,766	0.13
490,000	Sprint Communications Inc 7% 01/03/2020	545	0.04
2,030,000	Sprint Communications Inc 9% 15/11/2018	2,385	0.17
410,000	Steel Dynamics Inc 5.125% 01/10/2021	424	0.03
600,000	Steel Dynamics Inc 5.25% 15/04/2023	628	0.04
525,000	Steel Dynamics Inc 5.5% 01/10/2024	554	0.04
650,000	Steel Dynamics Inc 6.125% 15/08/2019	699	0.05
800,000	Tesoro Corp 4.25% 01/10/2017	822	0.06

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
1,125,000	Tesoro Corp 5.375% 01/10/2022	1,157	0.08
725,000	Toll Brothers Finance Corp 4.375% 15/04/2023	711	0.05
1,295,000	Toll Brothers Finance Corp 5.875% 15/02/2022	1,392	0.10
600,000	Toll Brothers Finance Corp 8.91% 15/10/2017	701	0.05
1,400,000	United Rentals North America Inc 5.75% 15/07/2018	1,467	0.10
725,000	Vulcan Materials Co 7% 15/06/2018	807	0.06
1,043,000	Vulcan Materials Co 7.5% 15/06/2021	1,215	0.09
1,000,000	WPX Energy Inc 5.25% 15/01/2017	1,044	0.07
900,000	WPX Energy Inc 5.25% 15/09/2024	880	0.06
2,310,000	WPX Energy Inc 6% 15/01/2022	2,430	0.17
500,000	WR Grace & Co-Conn 5.125% 01/10/2021	521	0.04
	社債-格付BB+/*-
2,225,000	Whiting Petroleum Corp 5% 15/03/2019	2,303	0.16
2,625,000	Whiting Petroleum Corp 5.75% 15/03/2021	2,782	0.20
	社債-格付BB/*+
1,250,000	Kinder Morgan Finance Co LLC 5.7% 05/01/2016	1,304	0.09
660,000	Kinder Morgan Finance Co LLC 6% 15/01/2018	721	0.05
500,000	Kinder Morgan Inc 5% 15/02/2021	529	0.04
450,000	Kinder Morgan Inc 5.625% 15/11/2023	493	0.04
1,800,000	Kinder Morgan Inc 7% 15/06/2017	1,998	0.14
850,000	Kinder Morgan Inc 7.25% 01/06/2018	966	0.07
	社債-格付BB
2,500,000	Ally Financial Inc 2.75% 30/01/2017	2,503	0.18
800,000	Ally Financial Inc 3.125% 15/01/2016	812	0.06
2,100,000	Ally Financial Inc 3.5% 18/07/2016	2,129	0.15
1,500,000	Ally Financial Inc 3.5% 27/01/2019	1,508	0.11
2,000,000	Ally Financial Inc 4.75% 10/09/2018	2,103	0.15
1,500,000	Ally Financial Inc 5.125% 30/09/2024	1,564	0.11
2,810,000	Ally Financial Inc 5.5% 15/02/2017	2,979	0.21
2,440,000	Ally Financial Inc 6.25% 01/12/2017	2,663	0.19
3,000,000	Ally Financial Inc 7.5% 15/09/2020	3,571	0.25
3,190,000	Ally Financial Inc 8% 15/03/2020	3,844	0.27
1,475,000	AMC Networks Inc 4.75% 15/12/2022	1,468	0.10
1,250,000	AMC Networks Inc 7.75% 15/07/2021	1,359	0.10
1,350,000	AmeriGas Finance LLC / AmeriGas Finance Corp 6.75% 20/05/2020	1,444	0.10
2,040,000	AmeriGas Finance LLC / AmeriGas Finance Corp 7% 20/05/2022	2,195	0.16

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
1,100,000	Amkor Technology Inc 6.375% 01/10/2022	1,100	0.08
825,000	Amkor Technology Inc 6.625% 01/06/2021	835	0.06
2,150,000	Antero Resources Corp 5.125% 01/12/2022	2,140	0.15
2,200,000	Antero Resources Finance Corp 5.375% 01/11/2021	2,225	0.16
1,250,000	Antero Resources Finance Corp 6% 01/12/2020	1,300	0.09
1,050,000	Ashland Inc 3% 15/03/2016	1,060	0.08
1,250,000	Ashland Inc 3.875% 15/04/2018	1,268	0.09
2,750,000	Ashland Inc 4.75% 15/08/2022	2,775	0.20
1,000,000	Axiall Corp 4.875% 15/05/2023	971	0.07
2,600,000	B/E Aerospace Inc 5.25% 01/04/2022	2,902	0.21
1,300,000	B/E Aerospace Inc 6.875% 01/10/2020	1,407	0.10
1,100,000	Best Buy Co Inc 5% 01/08/2018	1,133	0.08
1,225,000	Best Buy Co Inc 5.5% 15/03/2021	1,256	0.09
1,000,000	California Resources Corp 5% 15/01/2020	1,009	0.07
250,000	California Resources Corp 5.5% 15/09/2021	256	0.02
3,725,000	California Resources Corp 6% 15/11/2024	3,813	0.27
300,000	Calpine Corp 5.875% 15/01/2024	323	0.02
450,000	Calpine Corp 6% 15/01/2022	484	0.03
442,000	Calpine Corp 7.875% 15/01/2023	488	0.03
1,625,000	CBRE Services Inc 5% 15/03/2023	1,666	0.12
1,990,000	CenturyLink Inc 5.625% 01/04/2020	2,104	0.15
3,650,000	CenturyLink Inc 5.8% 15/03/2022	3,860	0.27
1,100,000	CenturyLink Inc 6% 01/04/2017	1,185	0.08
2,750,000	CenturyLink Inc 6.45% 15/06/2021	3,011	0.21
1,250,000	CenturyLink Inc 6.75% 01/12/2023	1,388	0.10
3,200,000	CHS/Community Health Systems Inc 5.125% 15/08/2018	3,324	0.24
2,575,000	CHS/Community Health Systems Inc 5.125% 01/08/2021	2,697	0.19
1,000,000	CNH Industrial Capital LLC 3.25% 01/02/2017	1,000	0.07
450,000	CNH Industrial Capital LLC 3.375% 15/07/2019	438	0.03
1,250,000	CNH Industrial Capital LLC 3.625% 15/04/2018	1,256	0.09
580,000	CNH Industrial Capital LLC 3.875% 01/11/2015	588	0.04
1,080,000	CNH Industrial Capital LLC 6.25% 01/11/2016	1,150	0.08
3,800,000	CONSOL Energy Inc 5.875% 15/04/2022	3,857	0.27
2,540,000	CONSOL Energy Inc 8.25% 01/04/2020	2,673	0.19
1,025,000	Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp 6% 15/12/2020	1,040	0.07
1,475,000	Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp 6.125% 01/03/2022	1,488	0.11
2,300,000	Crown Castle International Corp 4.875% 15/04/2022	2,317	0.16
3,150,000	Crown Castle International Corp 5.25% 15/01/2023	3,221	0.23

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
250,000	CSC Holdings LLC 5.25% 01/06/2024	250	0.02
1,950,000	CSC Holdings LLC 6.75% 15/11/2021	2,169	0.15
1,130,000	CSC Holdings LLC 8.625% 15/02/2019	1,326	0.09
270,000	DCP Midstream LLC 5.85% 21/05/2043	266	0.02
2,475,000	Denbury Resources Inc 4.625% 15/07/2023	2,277	0.16
2,575,000	Denbury Resources Inc 5.5% 01/05/2022	2,540	0.18
770,000	Denbury Resources Inc 6.375% 15/08/2021	802	0.06
896,000	DPL Inc 6.5% 15/10/2016	956	0.07
1,760,000	DPL Inc 7.25% 15/10/2021	1,874	0.13
850,000	DR Horton Inc 3.625% 15/02/2018	863	0.06
1,375,000	DR Horton Inc 3.75% 01/03/2019	1,378	0.10
650,000	DR Horton Inc 5.75% 15/08/2023	691	0.05
1,700,000	Eagle Spinco Inc 4.625% 15/02/2021	1,658	0.12
2,225,000	Energy Transfer Equity LP 5.875% 15/01/2024	2,336	0.17
2,420,000	Energy Transfer Equity LP 7.5% 15/10/2020	2,789	0.20
975,000	Equinix Inc 4.875% 01/04/2020	992	0.07
2,050,000	Equinix Inc 5.375% 01/04/2023	2,114	0.15
1,450,000	Equinix Inc 7% 15/07/2021	1,581	0.11
2,340,000	Hanesbrands Inc 6.375% 15/12/2020	2,486	0.18
3,360,000	HCA Inc 3.75% 15/03/2019	3,364	0.24
1,500,000	HCA Inc 4.25% 15/10/2019	1,524	0.11
2,400,000	HCA Inc 4.75% 01/05/2023	2,439	0.17
3,550,000	HCA Inc 5% 15/03/2024	3,656	0.26
1,500,000	HCA Inc 5.25% 15/04/2025	1,556	0.11
3,100,000	HCA Inc 5.875% 15/03/2022	3,391	0.24
6,020,000	HCA Inc 6.5% 15/02/2020	6,720	0.48
1,490,000	HCA Inc 7.25% 15/09/2020	1,579	0.11
225,000	Hilcorp Energy I LP / Hilcorp Finance Co 5% 01/12/2024	216	0.02
2,125,000	Hologic Inc 6.25% 01/08/2020	2,231	0.16
1,250,000	Lear Corp 4.75% 15/01/2023	1,253	0.09
1,150,000	Lennar Corp 4.5% 15/06/2019	1,173	0.08
1,200,000	Lennar Corp 4.75% 15/11/2022	1,182	0.08
580,000	Lennar Corp 12.25% 01/06/2017	712	0.05
1,100,000	Levi Strauss & Co 6.875% 01/05/2022	1,196	0.08
900,000	Levi Strauss & Co 7.625% 15/05/2020	959	0.07
2,200,000	MarkWest Energy Partners LP / MarkWest Energy Finance Corp 4.5% 15/07/2023	2,250	0.16
1,675,000	MarkWest Energy Partners LP / MarkWest Energy Finance Corp 5.5% 15/02/2023	1,780	0.13
853,000	MarkWest Energy Partners LP / MarkWest Energy Finance Corp 6.25% 15/06/2022	923	0.07
1,010,000	MarkWest Energy Partners LP / MarkWest Energy Finance Corp 6.75% 01/11/2020	1,070	0.08
895,000	Micron Technology Inc 5.5% 01/02/2025	904	0.06
350,000	Micron Technology Inc 5.875% 15/02/2022	368	0.03

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
25,000	MPT Operating Partnership LP / MPT Finance Corp 6.875% 01/05/2021	27	0.00
1,514,000	Navient Corp 4.625% 25/09/2017	1,544	0.11
2,350,000	Navient Corp 4.875% 17/06/2019	2,385	0.17
2,650,000	Navient Corp 5.5% 15/01/2019	2,743	0.19
2,050,000	Navient Corp 5.5% 25/01/2023	2,050	0.15
2,000,000	Navient Corp 6% 25/01/2017	2,115	0.15
1,750,000	Navient Corp 6.125% 25/03/2024	1,811	0.13
3,600,000	Navient Corp 6.25% 25/01/2016	3,743	0.27
1,400,000	Navient Corp 7.25% 25/01/2022	1,561	0.11
3,000,000	Navient Corp 8% 25/03/2020	3,435	0.24
5,350,000	Navient Corp 8.45% 15/06/2018	6,119	0.43
1,050,000	NCR Corp 4.625% 15/02/2021	1,045	0.07
1,200,000	NCR Corp 5% 15/07/2022	1,194	0.08
650,000	NCR Corp 5.875% 15/12/2021	670	0.05
1,750,000	NCR Corp 6.375% 15/12/2023	1,855	0.13
2,050,000	Nielsen Finance LLC / Nielsen Finance Co 4.5% 01/10/2020	2,050	0.15
775,000	Nielsen Finance LLC / Nielsen Finance Co 5% 15/04/2022	789	0.06
300,000	PAETEC Holding Corp 9.875% 01/12/2018	317	0.02
275,000	Penn Virginia Resource Partners LP / Penn Virginia Resource Finance Corp 8.375% 01/06/2020	304	0.02
310,000	Realogy Group LLC 7.625% 15/01/2020	335	0.02
1,275,000	Regency Energy Partners LP / Regency Energy Finance Corp 4.5% 01/11/2023	1,256	0.09
1,925,000	Regency Energy Partners LP / Regency Energy Finance Corp 5% 01/10/2022	1,954	0.14
1,050,000	Regency Energy Partners LP / Regency Energy Finance Corp 5.5% 15/04/2023	1,087	0.08
750,000	Regency Energy Partners LP / Regency Energy Finance Corp 5.75% 01/09/2020	798	0.06
1,950,000	Regency Energy Partners LP / Regency Energy Finance Corp 5.875% 01/03/2022	2,087	0.15
900,000	Regency Energy Partners LP / Regency Energy Finance Corp 6.5% 15/07/2021	955	0.07
1,020,000	Regency Energy Partners LP / Regency Energy Finance Corp 6.875% 01/12/2018	1,058	0.08
560,000	Rockies Express Pipeline LLC 5.625% 15/04/2020	584	0.04
250,000	Rockies Express Pipeline LLC 6% 15/01/2019	263	0.02
250,000	Rockies Express Pipeline LLC 6.85% 15/07/2018	268	0.02
250,000	Sealed Air Corp 5.25% 01/04/2023	258	0.02
250,000	Sealed Air Corp 6.5% 01/12/2020	277	0.02
190,000	Sealed Air Corp 8.125% 15/09/2019	206	0.01
530,000	Sealed Air Corp 8.375% 15/09/2021	600	0.04
425,000	Sirius XM Radio Inc 4.25% 15/05/2020	422	0.03
250,000	Sirius XM Radio Inc 4.625% 15/05/2023	240	0.02

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
250,000	Sirius XM Radio Inc 5.75% 01/08/2021	259	0.02
375,000	Sirius XM Radio Inc 5.875% 01/10/2020	395	0.03
800,000	Sirius XM Radio Inc 6% 15/07/2024	836	0.06
961,000	SM Energy Co 5% 15/01/2024	903	0.06
823,000	SM Energy Co 6.5% 01/01/2023	850	0.06
775,000	T-Mobile USA Inc 5.25% 01/09/2018	806	0.06
2,225,000	T-Mobile USA Inc 6% 01/03/2023	2,292	0.16
1,525,000	T-Mobile USA Inc 6.125% 15/01/2022	1,594	0.11
3,350,000	T-Mobile USA Inc 6.25% 01/04/2021	3,509	0.25
3,975,000	T-Mobile USA Inc 6.375% 01/03/2025	4,094	0.29
3,100,000	T-Mobile USA Inc 6.464% 28/04/2019	3,239	0.23
2,125,000	T-Mobile USA Inc 6.5% 15/01/2024	2,226	0.16
2,925,000	T-Mobile USA Inc 6.542% 28/04/2020	3,104	0.22
1,680,000	T-Mobile USA Inc 6.625% 15/11/2020	1,777	0.13
3,550,000	T-Mobile USA Inc 6.625% 01/04/2023	3,763	0.27
2,600,000	T-Mobile USA Inc 6.633% 28/04/2021	2,743	0.19
2,900,000	T-Mobile USA Inc 6.731% 28/04/2022	3,067	0.22
1,225,000	T-Mobile USA Inc 6.836% 28/04/2023	1,302	0.09
1,875,000	Terex Corp 6% 15/05/2021	1,955	0.14
90,000	Tesoro Logistics LP / Tesoro Logistics Finance Corp 5.5% 15/10/2019	92	0.01
1,000,000	Tesoro Logistics LP / Tesoro Logistics Finance Corp 5.875% 01/10/2020	1,023	0.07
850,000	Tesoro Logistics LP / Tesoro Logistics Finance Corp 6.125% 15/10/2021	871	0.06
150,000	Tesoro Logistics LP / Tesoro Logistics Finance Corp 6.25% 15/10/2022	155	0.01
1,900,000	Voya Financial Inc 5.65% 15/05/2053	1,900	0.13
	社債-格付BB/*-
1,500,000	PPL Energy Supply LLC 4.6% 15/12/2021	1,411	0.10
750,000	PPL Energy Supply LLC 6.5% 01/05/2018	816	0.06
	社債-格付BB-/*+
725,000	RJS Power Holdings LLC 5.125% 15/07/2019	722	0.05
	社債-格付BB-
1,250,000	ADT Corp 2.25% 15/07/2017	1,227	0.09
2,050,000	ADT Corp 3.5% 15/07/2022	1,821	0.13
850,000	ADT Corp 4.125% 15/04/2019	843	0.06
1,150,000	ADT Corp 4.125% 15/06/2023	1,054	0.07
2,175,000	ADT Corp 6.25% 15/10/2021	2,296	0.16
100,000	AECOM Technology Corp 5.75% 15/10/2022	105	0.01
75,000	AECOM Technology Corp 5.875% 15/10/2024	79	0.01
1,250,000	AES Corp 4.875% 15/05/2023	1,244	0.09

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
1,450,000	AES Corp 5.5% 15/03/2024	1,478	0.11
2,110,000	AES Corp 7.375% 01/07/2021	2,418	0.17
1,370,000	AES Corp 8% 15/10/2017	1,560	0.11
1,100,000	AES Corp 8% 01/06/2020	1,276	0.09
84,000	AES Corp 9.75% 15/04/2016	93	0.01
770,000	AmeriGas Partners LP / AmeriGas Finance Corp 6.25% 20/08/2019	811	0.06
2,025,000	Aramark Services Inc 5.75% 15/03/2020	2,119	0.15
200,000	Ashtead Capital Inc 5.625% 01/10/2024	209	0.01
400,000	Ashtead Capital Inc 6.5% 15/07/2022	432	0.03
675,000	Audatex North America Inc 6% 15/06/2021	714	0.05
1,100,000	Berry Petroleum Co LLC 6.375% 15/09/2022	1,017	0.07
380,000	Building Materials Corp of America 6.875% 15/08/2018	393	0.03
250,000	CBS Outdoor Americas Capital LLC / CBS Outdoor Americas Capital Corp 5.25% 15/02/2022	256	0.02
125,000	CBS Outdoor Americas Capital LLC / CBS Outdoor Americas Capital Corp 5.625% 15/02/2024	129	0.01
250,000	CBS Outdoor Americas Capital LLC / CBS Outdoor Americas Capital Corp 5.875% 15/03/2025	261	0.02
1,300,000	Cinemark USA Inc 4.875% 01/06/2023	1,277	0.09
600,000	Cinemark USA Inc 5.125% 15/12/2022	603	0.04
2,200,000	CIT Group Inc 3.875% 19/02/2019	2,211	0.16
3,550,000	CIT Group Inc 4.25% 15/08/2017	3,652	0.26
2,730,000	CIT Group Inc 5% 15/05/2017	2,860	0.20
2,450,000	CIT Group Inc 5% 15/08/2022	2,579	0.18
1,450,000	CIT Group Inc 5% 01/08/2023	1,519	0.11
3,225,000	CIT Group Inc 5.25% 15/03/2018	3,402	0.24
1,700,000	CIT Group Inc 5.375% 15/05/2020	1,819	0.13
970,000	CIT Group Inc 5.5% 15/02/2019	1,033	0.07
350,000	CIT Group Inc 6.625% 01/04/2018	383	0.03
1,250,000	Crown Americas LLC / Crown Americas Capital Corp III 6.25% 01/02/2021	1,325	0.09
2,175,000	Crown Americas LLC / Crown Americas Capital Corp IV 4.5% 15/01/2023	2,137	0.15
2,450,000	DISH DBS Corp 4.25% 01/04/2018	2,513	0.18
1,850,000	DISH DBS Corp 4.625% 15/07/2017	1,933	0.14
3,150,000	DISH DBS Corp 5% 15/03/2023	3,146	0.22
2,100,000	DISH DBS Corp 5.125% 01/05/2020	2,183	0.16
4,100,000	DISH DBS Corp 5.875% 15/07/2022	4,346	0.31
4,045,000	DISH DBS Corp 6.75% 01/06/2021	4,480	0.32
2,800,000	DISH DBS Corp 7.125% 01/02/2016	2,969	0.21
3,100,000	DISH DBS Corp 7.875% 01/09/2019	3,596	0.26
829,000	First Data Corp 6.75% 01/11/2020	891	0.06
850,000	First Data Corp 7.375% 15/06/2019	899	0.06
300,000	First Data Corp 8.875% 15/08/2020	324	0.02
1,525,000	Frontier Communications Corp 6.25% 15/09/2021	1,575	0.11
1,725,000	Frontier Communications Corp 6.875% 15/01/2025	1,753	0.12
950,000	Frontier Communications Corp 7.125% 15/03/2019	1,050	0.07

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
1,750,000	Frontier Communications Corp 7.125% 15/01/2023	1,862	0.13
1,700,000	Frontier Communications Corp 7.625% 15/04/2024	1,821	0.13
900,000	Frontier Communications Corp 8.125% 01/10/2018	1,019	0.07
1,190,000	Frontier Communications Corp 8.25% 15/04/2017	1,336	0.09
2,385,000	Frontier Communications Corp 8.5% 15/04/2020	2,749	0.20
730,000	Frontier Communications Corp 8.75% 15/04/2022	843	0.06
850,000	Frontier Communications Corp 9.25% 01/07/2021	1,012	0.07
6,275,000	HJ Heinz Co 4.25% 15/10/2020	6,352	0.45
1,290,000	Huntington Ingalls Industries Inc 6.875% 15/03/2018	1,348	0.10
1,210,000	Huntington Ingalls Industries Inc 7.125% 15/03/2021	1,301	0.09
1,550,000	L Brands Inc 6.9% 15/07/2017	1,728	0.12
1,400,000	Lamar Media Corp 5% 01/05/2023	1,400	0.10
1,050,000	Lamar Media Corp 5.375% 15/01/2024	1,084	0.08
900,000	Lamar Media Corp 5.875% 01/02/2022	947	0.07
2,200,000	LifePoint Hospitals Inc 5.5% 01/12/2021	2,304	0.16
1,000,000	LifePoint Hospitals Inc 6.625% 01/10/2020	1,063	0.08
650,000	NGL Energy Partners LP / NGL Energy Finance Corp 5.125% 15/07/2019	655	0.05
2,650,000	NRG Energy Inc 6.25% 15/07/2022	2,780	0.20
2,025,000	NRG Energy Inc 6.25% 01/05/2024	2,093	0.15
1,900,000	NRG Energy Inc 6.625% 15/03/2023	2,006	0.14
2,520,000	NRG Energy Inc 7.625% 15/01/2018	2,816	0.20
2,250,000	NRG Energy Inc 7.875% 15/05/2021	2,451	0.17
2,160,000	NRG Energy Inc 8.25% 01/09/2020	2,326	0.17
600,000	Nuance Communications Inc 5.375% 15/08/2020	602	0.04
3,450,000	Peabody Energy Corp 6% 15/11/2018	3,346	0.24
2,812,000	Peabody Energy Corp 6.25% 15/11/2021	2,664	0.19
1,130,000	Peabody Energy Corp 6.5% 15/09/2020	1,076	0.08
1,300,000	Peabody Energy Corp 7.375% 01/11/2016	1,342	0.10
1,450,000	Rite Aid Corp 8% 15/08/2020	1,564	0.11
875,000	RR Donnelley & Sons Co 6% 01/04/2024	879	0.06
750,000	RR Donnelley & Sons Co 7% 15/02/2022	803	0.06
1,000,000	RR Donnelley & Sons Co 7.875% 15/03/2021	1,123	0.08
850,000	Service Corp International 5.375% 15/01/2022	880	0.06
1,110,000	Service Corp International 5.375% 15/05/2024	1,141	0.08
1,590,000	Seventy Seven Operating LLC 6.625% 15/11/2019	1,570	0.11
350,000	Smithfield Foods Inc 5.25% 01/08/2018	361	0.03

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
250,000	Smithfield Foods Inc 5.875% 01/08/2021	266	0.02
1,800,000	Smithfield Foods Inc 6.625% 15/08/2022	1,953	0.14
1,060,000	Smithfield Foods Inc 7.75% 01/07/2017	1,179	0.08
3,925,000	Sprint Communications Inc 6% 01/12/2016	4,160	0.30
4,650,000	Sprint Communications Inc 6% 15/11/2022	4,644	0.33
3,250,000	Sprint Communications Inc 7% 15/08/2020	3,437	0.24
2,805,000	Sprint Communications Inc 8.375% 15/08/2017	3,166	0.22
2,000,000	Sprint Communications Inc 9.125% 01/03/2017	2,260	0.16
2,080,000	Sprint Communications Inc 11.5% 15/11/2021	2,673	0.19
1,750,000	Sprint Corp 7.125% 15/06/2024	1,798	0.13
1,200,000	Sprint Corp 7.25% 15/09/2021	1,272	0.09
2,200,000	Sprint Corp 7.875% 15/09/2023	2,370	0.17
950,000	Suburban Propane Partners LP/Suburban Energy Finance Corp 5.5% 01/06/2024	945	0.07
275,000	Taylor Morrison Communities Inc / Monarch Communities Inc 5.25% 15/04/2021	276	0.02
750,000	TRI Pointe Holdings Inc 4.375% 15/06/2019	750	0.05
750,000	TRI Pointe Holdings Inc 5.875% 15/06/2024	765	0.05
1,775,000	United Rentals North America Inc 5.75% 15/11/2024	1,859	0.13
2,125,000	United Rentals North America Inc 6.125% 15/06/2023	2,284	0.16
1,870,000	United Rentals North America Inc 7.375% 15/05/2020	2,034	0.14
2,520,000	United Rentals North America Inc 7.625% 15/04/2022	2,803	0.20
1,430,000	United Rentals North America Inc 8.25% 01/02/2021	1,562	0.11
600,000	United States Steel Corp 6.05% 01/06/2017	643	0.05
1,010,000	United States Steel Corp 7% 01/02/2018	1,114	0.08
1,400,000	United States Steel Corp 7.375% 01/04/2020	1,563	0.11
850,000	United States Steel Corp 7.5% 15/03/2022	931	0.07
	社債-格付B+/*+
500,000	Atlas Pipeline Partners LP / Atlas Pipeline Finance Corp 4.75% 15/11/2021	500	0.04
1,400,000	Atlas Pipeline Partners LP / Atlas Pipeline Finance Corp 5.875% 01/08/2023	1,454	0.10
1,250,000	Atlas Pipeline Partners LP / Atlas Pipeline Finance Corp 6.625% 01/10/2020	1,331	0.09
	社債-格付B+
750,000	Ally Financial Inc 8% 31/12/2018	873	0.06
750,000	American Axle & Manufacturing Inc 6.25% 15/03/2021	788	0.06
800,000	American Axle & Manufacturing Inc 6.625% 15/10/2022	864	0.06

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
250,000	Avis Budget Car Rental LLC / Avis Budget Finance Inc 5.125% 01/06/2022	247	0.02
1,050,000	Avis Budget Car Rental LLC / Avis Budget Finance Inc 5.5% 01/04/2023	1,055	0.07
1,640,000	Burger King Corp 9.875% 15/10/2018	1,728	0.12
500,000	Calumet Specialty Products Partners LP / Calumet Finance Corp 6.5% 15/04/2021	483	0.03
2,500,000	CCO Holdings LLC / CCO Holdings Capital Corp 5.125% 15/02/2023	2,491	0.18
750,000	CCO Holdings LLC / CCO Holdings Capital Corp 5.25% 15/03/2021	759	0.05
2,500,000	CCO Holdings LLC / CCO Holdings Capital Corp 5.25% 30/09/2022	2,525	0.18
750,000	CCO Holdings LLC / CCO Holdings Capital Corp 5.75% 01/09/2023	769	0.05
2,500,000	CCO Holdings LLC / CCO Holdings Capital Corp 5.75% 15/01/2024	2,562	0.18
3,320,000	CCO Holdings LLC / CCO Holdings Capital Corp 6.5% 30/04/2021	3,503	0.25
1,400,000	CCO Holdings LLC / CCO Holdings Capital Corp 6.625% 31/01/2022	1,487	0.11
2,750,000	CCO Holdings LLC / CCO Holdings Capital Corp 7% 15/01/2019	2,867	0.20
1,970,000	CCO Holdings LLC / CCO Holdings Capital Corp 7.25% 30/10/2017	2,051	0.15
1,580,000	CCO Holdings LLC / CCO Holdings Capital Corp 7.375% 01/06/2020	1,693	0.12
1,250,000	CCO Holdings LLC / CCO Holdings Capital Corp 8.125% 30/04/2020	1,325	0.09
300,000	CCOH Safari LLC 5.5% 01/12/2022	303	0.02
450,000	CCOH Safari LLC 5.75% 01/12/2024	453	0.03
300,000	CommScope Inc 5% 15/06/2021	300	0.02
275,000	CommScope Inc 5.5% 15/06/2024	277	0.02
1,000,000	Continental Airlines 2012-3 Class C Pass Thru Certificates 6.125% 29/04/2018	1,058	0.07
3,750,000	DaVita HealthCare Partners Inc 5.125% 15/07/2024	3,825	0.27
2,500,000	DaVita HealthCare Partners Inc 5.75% 15/08/2022	2,659	0.19
1,550,000	DaVita HealthCare Partners Inc 6.625% 01/11/2020	1,631	0.12
600,000	Dell Inc 3.1% 01/04/2016	603	0.04
700,000	Dell Inc 4.625% 01/04/2021	677	0.05
800,000	Dell Inc 5.65% 15/04/2018	844	0.06
1,400,000	Dell Inc 5.875% 15/06/2019	1,486	0.11
1,200,000	Dynegy Finance I Inc / Dynegy Finance II Inc 6.75% 01/11/2019	1,238	0.09
1,095,000	Dynegy Finance I Inc / Dynegy Finance II Inc 7.375% 01/11/2022	1,155	0.08
750,000	Dynegy Finance I Inc / Dynegy Finance II Inc 7.625% 01/11/2024	793	0.06
800,000	Dynegy Inc 5.875% 01/06/2023	785	0.06
1,750,000	EP Energy LLC / Everest Acquisition Finance Inc 6.875% 01/05/2019	1,828	0.13
1,150,000	Ferrellgas LP / Ferrellgas Finance Corp 6.5% 01/05/2021	1,159	0.08

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
950,000	Ferrellgas LP / Ferrellgas Finance Corp 6.75% 15/01/2022	956	0.07
1,800,000	Goodyear Tire & Rubber Co 6.5% 01/03/2021	1,944	0.14
1,630,000	Goodyear Tire & Rubber Co 7% 15/05/2022	1,773	0.13
1,830,000	Goodyear Tire & Rubber Co 8.25% 15/08/2020	1,967	0.14
1,700,000	Harbinger Group Inc 7.875% 15/07/2019	1,840	0.13
2,285,000	HD Supply Inc 8.125% 15/04/2019	2,479	0.18
2,430,000	Hughes Satellite Systems Corp 6.5% 15/06/2019	2,643	0.19
1,310,000	Huntsman International LLC 4.875% 15/11/2020	1,325	0.09
920,000	Huntsman International LLC 8.625% 15/03/2021	998	0.07
150,000	ILFC E-Capital Trust II 6.25% 21/12/2065	146	0.01
1,200,000	Iron Mountain Inc 6% 15/08/2023	1,267	0.09
1,375,000	iStar Financial Inc 4% 01/11/2017	1,365	0.10
1,425,000	iStar Financial Inc 5% 01/07/2019	1,421	0.10
250,000	Jefferies Finance LLC / JFIN Co-Issuer Corp 7.5% 15/04/2021	249	0.02
1,200,000	McGraw-Hill Global Education Holdings LLC / McGraw-Hill Global Education Finance 9.75% 01/04/2021	1,356	0.10
800,000	MGM Resorts International 5.25% 31/03/2020	820	0.06
3,100,000	MGM Resorts International 6.625% 15/12/2021	3,394	0.24
1,750,000	MGM Resorts International 6.75% 01/10/2020	1,925	0.14
1,280,000	MGM Resorts International 7.5% 01/06/2016	1,376	0.10
1,690,000	MGM Resorts International 7.625% 15/01/2017	1,844	0.13
1,975,000	MGM Resorts International 7.75% 15/03/2022	2,281	0.16
1,850,000	MGM Resorts International 8.625% 01/02/2019	2,155	0.15
1,050,000	MGM Resorts International 10% 01/11/2016	1,189	0.08
930,000	MGM Resorts International 11.375% 01/03/2018	1,135	0.08
1,300,000	Nationstar Mortgage LLC / Nationstar Capital Corp 6.5% 01/08/2018	1,268	0.09
1,050,000	Nationstar Mortgage LLC / Nationstar Capital Corp 6.5% 01/07/2021	974	0.07
800,000	Nationstar Mortgage LLC / Nationstar Capital Corp 7.875% 01/10/2020	786	0.06
450,000	Oasis Petroleum Inc 6.5% 01/11/2021	466	0.03
2,325,000	Oasis Petroleum Inc 6.875% 15/03/2022	2,447	0.17
850,000	Oasis Petroleum Inc 6.875% 15/01/2023	888	0.06
700,000	Oasis Petroleum Inc 7.25% 01/02/2019	721	0.05
1,525,000	Pinnacle Entertainment Inc 6.375% 01/08/2021	1,632	0.12

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
2,460,000	Pinnacle Entertainment Inc 7.5% 15/04/2021	2,629	0.19
6,450,000	Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 5.75% 15/10/2020	6,708	0.48
2,300,000	Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 6.875% 15/02/2021	2,449	0.17
2,600,000	Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 7.125% 15/04/2019	2,701	0.19
2,890,000	Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 7.875% 15/08/2019	3,105	0.22
1,150,000	Rosetta Resources Inc 5.625% 01/05/2021	1,124	0.08
1,100,000	Rosetta Resources Inc 5.875% 01/06/2022	1,070	0.08
1,325,000	Rosetta Resources Inc 5.875% 01/06/2024	1,268	0.09
1,735,000	SBA Telecommunications Inc 5.75% 15/07/2020	1,813	0.13
1,150,000	Sinclair Television Group Inc 5.375% 01/04/2021	1,159	0.08
1,400,000	Sinclair Television Group Inc 5.625% 01/08/2024	1,382	0.10
1,050,000	Sinclair Television Group Inc 6.125% 01/10/2022	1,087	0.08
1,228,000	Standard Pacific Corp 8.375% 15/05/2018	1,418	0.10
700,000	Standard Pacific Corp 8.375% 15/01/2021	819	0.06
2,100,000	Tenet Healthcare Corp 4.375% 01/10/2021	2,089	0.15
2,150,000	Tenet Healthcare Corp 4.5% 01/04/2021	2,161	0.15
950,000	Tenet Healthcare Corp 4.75% 01/06/2020	971	0.07
3,725,000	Tenet Healthcare Corp 6% 01/10/2020	4,014	0.28
2,150,000	Tenet Healthcare Corp 6.25% 01/11/2018	2,335	0.17
700,000	TW Telecom Holdings Inc 5.375% 01/10/2022	772	0.06
675,000	TW Telecom Holdings Inc 5.375% 01/10/2022	737	0.05
375,000	Univision Communications Inc 5.125% 15/05/2023	395	0.03
543,000	Univision Communications Inc 6.75% 15/09/2022	599	0.04
720,000	Univision Communications Inc 6.875% 15/05/2019	758	0.05
270,000	Univision Communications Inc 7.875% 01/11/2020	292	0.02
800,000	West Corp 5.375% 15/07/2022	776	0.05
314,000	WMG Acquisition Corp 6% 15/01/2021	321	0.02
	社債-格付B+/*-
250,000	Endo Finance LLC 5.75% 15/01/2022	252	0.02
450,000	Endo Finance LLC & Endo Finco Inc 5.375% 15/01/2023	440	0.03

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
300,000	Endo Finance LLC & Endo Finco Inc 7% 15/07/2019	316	0.02
	社債-格付B/*+
1,500,000	Windstream Corp 6.375% 01/08/2023	1,511	0.11
850,000	Windstream Corp 7.5% 01/06/2022	905	0.06
1,550,000	Windstream Corp 7.5% 01/04/2023	1,632	0.12
1,560,000	Windstream Corp 7.75% 15/10/2020	1,665	0.12
2,200,000	Windstream Corp 7.75% 01/10/2021	2,354	0.17
2,300,000	Windstream Corp 7.875% 01/11/2017	2,565	0.18
	社債-格付B
875,000	Advanced Micro Devices Inc 6.75% 01/03/2019	827	0.06
1,080,000	Advanced Micro Devices Inc 7% 01/07/2024	953	0.07
1,100,000	Advanced Micro Devices Inc 7.5% 15/08/2022	1,018	0.07
1,200,000	Advanced Micro Devices Inc 7.75% 01/08/2020	1,149	0.08
800,000	Albertsons Holdings LLC/Saturn Acquisition Merger Sub Inc 7.75% 15/10/2022	784	0.06
500,000	Alcatel-Lucent USA Inc 4.625% 01/07/2017	506	0.04
600,000	Alcatel-Lucent USA Inc 6.75% 15/11/2020	620	0.04
200,000	Alcatel-Lucent USA Inc 8.875% 01/01/2020	219	0.02
950,000	Aleris International Inc 7.625% 15/02/2018	976	0.07
900,000	Aleris International Inc 7.875% 01/11/2020	929	0.07
75,000	Alpha Natural Resources Inc 7.5% 01/08/2020	60	0.00
1,950,000	APX Group Inc 6.375% 01/12/2019	1,916	0.14
560,000	Avaya Inc 7% 01/04/2019	550	0.04
600,000	BlueLine Rental Finance Corp 7% 01/02/2019	633	0.04
1,600,000	Cablevision Systems Corp 5.875% 15/09/2022	1,628	0.12
1,650,000	Cablevision Systems Corp 7.75% 15/04/2018	1,831	0.13
1,000,000	Cablevision Systems Corp 8% 15/04/2020	1,148	0.08
1,700,000	Cablevision Systems Corp 8.625% 15/09/2017	1,921	0.14
2,525,000	Calpine Corp 5.375% 15/01/2023	2,544	0.18
3,400,000	Calpine Corp 5.75% 15/01/2025	3,451	0.24
1,200,000	CDW LLC / CDW Finance Corp 6% 15/08/2022	1,266	0.09
2,610,000	CDW LLC / CDW Finance Corp 8.5% 01/04/2019	2,780	0.20
625,000	Cenveo Corp 6% 01/08/2019	600	0.04
5,910,000	Chrysler Group LLC / CG Co-Issuer Inc 8% 15/06/2019	6,324	0.45
6,240,000	Chrysler Group LLC / CG Co-Issuer Inc 8.25% 15/06/2021	6,965	0.49
1,059,000	Cincinnati Bell Inc 8.375% 15/10/2020	1,132	0.08
1,575,000	Clear Channel Worldwide Holdings Inc 6.5% 15/11/2022	1,626	0.12
3,825,000	Clear Channel Worldwide Holdings Inc 6.5% 15/11/2022	3,992	0.28

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
3,890,000	Clear Channel Worldwide Holdings Inc 7.625% 15/03/2020	4,133	0.29
1,150,000	Covanta Holding Corp 5.875% 01/03/2024	1,184	0.08
625,000	Covanta Holding Corp 6.375% 01/10/2022	666	0.05
850,000	Covanta Holding Corp 7.25% 01/12/2020	905	0.06
1,250,000	E*TRADE Financial Corp 6% 15/11/2017	1,289	0.09
1,625,000	E*TRADE Financial Corp 6.375% 15/11/2019	1,733	0.12
750,000	E*TRADE Financial Corp 6.75% 01/06/2016	797	0.06
1,300,000	Energy XXI Gulf Coast Inc 6.875% 15/03/2024	1,041	0.07
1,305,000	Energy XXI Gulf Coast Inc 7.5% 15/12/2021	1,088	0.08
1,430,000	Energy XXI Gulf Coast Inc 9.25% 15/12/2017	1,399	0.10
4,270,000	EP Energy LLC / Everest Acquisition Finance Inc 9.375% 01/05/2020	4,696	0.33
1,300,000	EPL Oil & Gas Inc 8.25% 15/02/2018	1,264	0.09
525,000	Florida East Coast Holdings Corp 6.75% 01/05/2019	542	0.04
250,000	Freescale Semiconductor Inc 5% 15/05/2021	247	0.02
520,000	Freescale Semiconductor Inc 6% 15/01/2022	536	0.04
575,000	Gates Global LLC / Gates Global Co 6% 15/07/2022	555	0.04
1,230,000	GenOn Energy Inc 7.875% 15/06/2017	1,247	0.09
1,440,000	GenOn Energy Inc 9.5% 15/10/2018	1,498	0.11
1,200,000	GenOn Energy Inc 9.875% 15/10/2020	1,245	0.09
375,000	Hercules Offshore Inc 8.75% 15/07/2021	238	0.02
1,200,000	Hertz Corp 5.875% 15/10/2020	1,216	0.09
850,000	Hertz Corp 6.25% 15/10/2022	866	0.06
2,750,000	Hertz Corp 6.75% 15/04/2019	2,862	0.20
1,250,000	Hertz Corp 7.375% 15/01/2021	1,321	0.09
1,550,000	Hertz Corp 7.5% 15/10/2018	1,609	0.11
900,000	Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp 5.625% 15/10/2021	945	0.07
250,000	Jefferies Finance LLC / JFIN Co-Issuer Corp 6.875% 15/04/2022	241	0.02
375,000	Jefferies Finance LLC / JFIN Co-Issuer Corp 7.375% 01/04/2020	371	0.03
1,000,000	KB Home 4.75% 15/05/2019	994	0.07
1,100,000	KB Home 7% 15/12/2021	1,174	0.08
750,000	Laredo Petroleum Inc 5.625% 15/01/2022	744	0.05
1,000,000	Laredo Petroleum Inc 7.375% 01/05/2022	1,050	0.07
950,000	Laredo Petroleum Inc 9.5% 15/02/2019	1,009	0.07
1,000,000	Level 3 Communications Inc 11.875% 01/02/2019	1,079	0.08
2,075,000	Level 3 Escrow II Inc 5.375% 15/08/2022	2,111	0.15

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
775,000	Level 3 Financing Inc 6.125% 15/01/2021	816	0.06
1,600,000	Level 3 Financing Inc 7% 01/06/2020	1,716	0.12
2,820,000	Level 3 Financing Inc 8.125% 01/07/2019	3,017	0.21
1,830,000	Level 3 Financing Inc 8.625% 15/07/2020	2,013	0.14
920,000	Level 3 Financing Inc 9.375% 01/04/2019	983	0.07
3,200,000	Linn Energy LLC / Linn Energy Finance Corp 6.25% 01/11/2019	2,960	0.21
2,500,000	Linn Energy LLC / Linn Energy Finance Corp 6.5% 15/05/2019	2,356	0.17
1,375,000	Linn Energy LLC / Linn Energy Finance Corp 6.5% 15/09/2021	1,255	0.09
2,170,000	Linn Energy LLC / Linn Energy Finance Corp 7.75% 01/02/2021	2,142	0.15
3,160,000	Linn Energy LLC / Linn Energy Finance Corp 8.625% 15/04/2020	3,183	0.23
1,835,000	McClatchy Co 9% 15/12/2022	2,078	0.15
400,000	Post Holdings Inc 6% 15/12/2022	385	0.03
775,000	Post Holdings Inc 6.75% 01/12/2021	774	0.05
2,650,000	Post Holdings Inc 7.375% 15/02/2022	2,720	0.19
250,000	Realogy Group LLC / Realogy Co-Issuer Corp 4.5% 15/04/2019	250	0.02
350,000	Realogy Group LLC / Sunshine Group Florida Ltd 3.375% 01/05/2016	354	0.03
1,175,000	SBA Communications Corp 4.875% 15/07/2022	1,154	0.08
1,250,000	SBA Communications Corp 5.625% 01/10/2019	1,306	0.09
900,000	Seventy Seven Energy Inc 6.5% 15/07/2022	850	0.06
1,300,000	Spectrum Brands Inc 6.375% 15/11/2020	1,378	0.10
1,050,000	Spectrum Brands Inc 6.625% 15/11/2022	1,129	0.08
800,000	SunGard Data Systems Inc 7.375% 15/11/2018	832	0.06
1,840,000	SunGard Data Systems Inc 7.625% 15/11/2020	1,962	0.14
1,350,000	Toys R Us Property Co II LLC 8.5% 01/12/2017	1,353	0.10
1,190,000	United Rentals North America Inc 8.375% 15/09/2020	1,290	0.09
1,250,000	Valeant Pharmaceuticals International 6.375% 15/10/2020	1,281	0.09
330,000	Valeant Pharmaceuticals International 6.75% 15/08/2021	342	0.02
600,000	Valeant Pharmaceuticals International 6.875% 01/12/2018	622	0.04
240,000	Valeant Pharmaceuticals International 7% 01/10/2020	251	0.02
500,000	Valeant Pharmaceuticals International 7.25% 15/07/2022	527	0.04
425,000	WMG Acquisition Corp 6.75% 15/04/2022	419	0.03
1,125,000	Zayo Group LLC / Zayo Capital Inc 8.125% 01/01/2020	1,204	0.09
570,000	Zebra Technologies Corp 7.25% 15/10/2022	599	0.04
	社債-格付B-/*+
3,450,000	Biomet Inc 6.5% 01/08/2020	3,692	0.26

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
1,750,000	Biomet Inc 6.5% 01/10/2020	1,857	0.13
	社債-格付B-
1,050,000	AK Steel Corp 7.625% 15/05/2020	1,055	0.08
950,000	AK Steel Corp 7.625% 01/10/2021	955	0.07
700,000	Alere Inc 7.25% 01/07/2018	745	0.05
475,000	American Airlines Group Inc 5.5% 01/10/2019	473	0.03
2,475,000	Amsurg Corp 5.625% 15/07/2022	2,555	0.18
1,125,000	Berry Plastics Corp 5.5% 15/05/2022	1,131	0.08
1,450,000	Berry Plastics Corp 9.75% 15/01/2021	1,617	0.12
250,000	Cequel Communications Holdings I LLC / Cequel Capital Corp 5.125% 15/12/2021	245	0.02
400,000	Cequel Communications Holdings I LLC / Cequel Capital Corp 5.125% 15/12/2021	392	0.03
1,050,000	Cequel Communications Holdings I LLC / Cequel Capital Corp 6.375% 15/09/2020	1,095	0.08
400,000	Ceridian LLC 8.875% 15/07/2019	443	0.03
1,050,000	Chaparral Energy Inc 7.625% 15/11/2022	1,037	0.07
1,020,000	Chaparral Energy Inc 8.25% 01/09/2021	1,035	0.07
6,150,000	CHS/Community Health Systems Inc 6.875% 01/02/2022	6,642	0.47
2,400,000	CHS/Community Health Systems Inc 7.125% 15/07/2020	2,592	0.18
4,075,000	CHS/Community Health Systems Inc 8% 15/11/2019	4,401	0.31
700,000	Claire's Stores Inc 9% 15/03/2019	714	0.05
1,400,000	Felcor Lodging LP 5.625% 01/03/2023	1,393	0.10
930,000	Felcor Lodging LP 6.75% 01/06/2019	970	0.07
1,040,000	First Data Corp 8.25% 15/01/2021	1,126	0.08
1,246,000	First Data Corp 10.625% 15/06/2021	1,433	0.10
1,433,000	First Data Corp 11.25% 15/01/2021	1,648	0.12
6,310,000	First Data Corp 12.625% 15/01/2021	7,631	0.54
11,000	Freescale Semiconductor Inc 8.05% 01/02/2020	12	0.00
900,000	Freescale Semiconductor Inc 10.75% 01/08/2020	985	0.07
500,000	Harland Clarke Holdings Corp 9.25% 01/03/2021	506	0.04
1,650,000	HCA Holdings Inc 6.25% 15/02/2021	1,782	0.13
2,870,000	HCA Holdings Inc 7.75% 15/05/2021	3,092	0.22
2,800,000	HCA Inc 5.875% 01/05/2023	3,003	0.21
1,550,000	HCA Inc 6.5% 15/02/2016	1,635	0.12
4,040,000	HCA Inc 7.5% 15/02/2022	4,691	0.33
1,050,000	HCA Inc 8% 01/10/2018	1,206	0.09
1,660,000	Hughes Satellite Systems Corp 7.625% 15/06/2021	1,847	0.13
2,150,000	Infor US Inc 9.375% 01/04/2019	2,343	0.17
1,070,000	Infor US Inc 11.5% 15/07/2018	1,184	0.08
300,000	inVentiv Health Inc 9% 15/01/2018	311	0.02

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
2,000,000	Iron Mountain Inc 5.75% 15/08/2024	2,037	0.14
1,170,000	Iron Mountain Inc 7.75% 01/10/2019	1,258	0.09
750,000	Iron Mountain Inc 8.375% 15/08/2021	782	0.06
300,000	Jaguar Holding Co II / Jaguar Merger Sub Inc 9.5% 01/12/2019	322	0.02
350,000	K Hovnanian Enterprises Inc 7.25% 15/10/2020	369	0.03
3,500,000	Kinetic Concepts Inc / KCI USA Inc 10.5% 01/11/2018	3,859	0.27
500,000	Memorial Production Partners LP / Memorial Production Finance Corp 6.875% 01/08/2022	454	0.03
1,350,000	Memorial Production Partners LP / Memorial Production Finance Corp 7.625% 01/05/2021	1,303	0.09
1,550,000	Midstates Petroleum Co Inc / Midstates Petroleum Co LLC 9.25% 01/06/2021	1,335	0.09
1,300,000	Midstates Petroleum Co Inc / Midstates Petroleum Co LLC 10.75% 01/10/2020	1,174	0.08
1,203,000	NBTY Inc 9% 01/10/2018	1,250	0.09
660,000	NGPL PipeCo LLC 7.119% 15/12/2017	662	0.05
500,000	NGPL PipeCo LLC 9.625% 01/06/2019	533	0.04
1,700,000	Penn Virginia Corp 8.5% 01/05/2020	1,666	0.12
700,000	Sanchez Energy Corp 6.125% 15/01/2023	666	0.05
1,350,000	Sanchez Energy Corp 7.75% 15/06/2021	1,411	0.10
2,080,000	SandRidge Energy Inc 7.5% 15/03/2021	1,882	0.13
1,750,000	SandRidge Energy Inc 7.5% 15/02/2023	1,584	0.11
1,700,000	SandRidge Energy Inc 8.125% 15/10/2022	1,550	0.11
1,000,000	SandRidge Energy Inc 8.75% 15/01/2020	934	0.07
2,080,000	Sears Holdings Corp 6.625% 15/10/2018	1,929	0.14
747,000	ServiceMaster Co 7% 15/08/2020	796	0.06
119,000	ServiceMaster Co 8% 15/02/2020	127	0.01
1,350,000	Springleaf Finance Corp 5.4% 01/12/2015	1,390	0.10
4,645,000	Springleaf Finance Corp 6.9% 15/12/2017	5,040	0.36
975,000	Springleaf Finance Corp 7.75% 01/10/2021	1,092	0.08
250,000	Sungard Availability Services Capital Inc 8.75% 01/04/2022	185	0.01
1,950,000	SunGard Data Systems Inc 6.625% 01/11/2019	2,008	0.14
650,000	SUPERVALU Inc 6.75% 01/06/2021	640	0.05
1,370,000	SUPERVALU Inc 8% 01/05/2016	1,473	0.10
1,100,000	US Airways Group Inc 6.125% 01/06/2018	1,133	0.08
1,100,000	USG Corp 6.3% 15/11/2016	1,158	0.08
950,000	USG Corp 9.75% 15/01/2018	1,097	0.08
600,000	Walter Energy Inc 9.5% 15/10/2019	519	0.04

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
	社債-格付B-/*-
1,825,000	BreitBurn Energy Partners LP / BreitBurn Finance Corp 7.875% 15/04/2022	1,771	0.13
1,750,000	Regal Entertainment Group 5.75% 15/03/2022	1,728	0.12
	社債-格付CCC+/*+
375,000	Athlon Holdings LP / Athlon Finance Corp 6% 01/05/2022	403	0.03
1,150,000	Athlon Holdings LP / Athlon Finance Corp 7.375% 15/04/2021	1,255	0.09
1,150,000	US Foods Inc 8.5% 30/06/2019	1,223	0.08
	社債-格付CCC+
700,000	Alere Inc 6.5% 15/06/2020	725	0.05
1,135,000	Alere Inc 8.625% 01/10/2018	1,185	0.08
1,540,000	Alpha Natural Resources Inc 6% 01/06/2019	770	0.05
1,210,000	Alpha Natural Resources Inc 6.25% 01/06/2021	575	0.04
1,100,000	Alpha Natural Resources Inc 9.75% 15/04/2018	715	0.05
425,000	American Energy-Permian Basin LLC / AEPB Finance Corp 7.125% 01/11/2020	371	0.03
425,000	American Energy-Permian Basin LLC / AEPB Finance Corp 7.375% 01/11/2021	371	0.03
600,000	Anna Merger Sub Inc 7.75% 01/10/2022	614	0.04
1,900,000	APX Group Inc 8.75% 01/12/2020	1,653	0.12
2,075,000	Arch Coal Inc 7% 15/06/2019	835	0.06
770,000	Arch Coal Inc 7.25% 01/10/2020	370	0.03
1,800,000	Arch Coal Inc 7.25% 15/06/2021	666	0.05
855,000	Avaya Inc 10.5% 01/03/2021	748	0.05
1,075,000	BMC Software Finance Inc 8.125% 15/07/2021	1,037	0.07
953,000	Boyd Gaming Corp 9.125% 01/12/2018	1,000	0.07
750,000	Caesars Entertainment Resort Properties LLC / Caesars Entertainment Resort Prope 8% 01/10/2020	725	0.05
825,000	Crimson Merger Sub Inc 6.625% 15/05/2022	771	0.05
975,000	DJO Finance LLC / DJO Finance Corp 9.875% 15/04/2018	1,029	0.07
1,750,000	EXCO Resources Inc 7.5% 15/09/2018	1,547	0.11
1,000,000	EXCO Resources Inc 8.5% 15/04/2022	879	0.06
3,286,000	First Data Corp 11.75% 15/08/2021	3,848	0.27
2,525,000	Halcon Resources Corp 8.875% 15/05/2021	2,089	0.15
950,000	Halcon Resources Corp 9.25% 15/02/2022	788	0.06
2,500,000	Halcon Resources Corp 9.75% 15/07/2020	2,109	0.15
1,350,000	Harbinger Group Inc 7.75% 15/01/2022	1,370	0.10
2,600,000	HD Supply Inc 7.5% 15/07/2020	2,788	0.20
1,700,000	HD Supply Inc 11% 15/04/2020	1,942	0.14
2,050,000	HD Supply Inc 11.5% 15/07/2020	2,391	0.17
3,100,000	Hexion US Finance Corp 6.625% 15/04/2020	3,111	0.22

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
450,000	Hockey Merger Sub 2 Inc 7.875% 01/10/2021	469	0.03
3,275,000	iHeartCommunications Inc 9% 15/12/2019	3,316	0.23
3,585,000	iHeartCommunications Inc 9% 01/03/2021	3,576	0.25
2,090,000	iHeartCommunications Inc 9% 15/09/2022	2,090	0.15
1,050,000	iHeartCommunications Inc 11.25% 01/03/2021	1,112	0.08
1,085,000	Kinetic Concepts Inc / KCI USA Inc 12.5% 01/11/2019	1,207	0.09
700,000	Laureate Education Inc 9.75% 01/09/2019	721	0.05
500,000	Michaels Stores Inc 5.875% 15/12/2020	504	0.04
450,000	MPH Acquisition Holdings LLC 6.625% 01/04/2022	471	0.03
623,000	Neiman Marcus Group LTD LLC 8% 15/10/2021	662	0.05
1,400,000	Party City Holdings Inc 8.875% 01/08/2020	1,523	0.11
300,000	Petco Animal Supplies Inc 9.25% 01/12/2018	313	0.02
2,450,000	Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 8.25% 15/02/2021	2,634	0.19
2,190,000	Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 8.5% 15/05/2018	2,272	0.16
3,100,000	Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 9% 15/04/2019	3,239	0.23
4,250,000	Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 9.875% 15/08/2019	4,640	0.33
1,850,000	Rite Aid Corp 6.75% 15/06/2021	1,979	0.14
1,260,000	Rite Aid Corp 9.25% 15/03/2020	1,392	0.10
4,780,000	Samson Investment Co 9.75% 15/02/2020	3,534	0.25
505,000	Tenet Healthcare Corp 5% 01/03/2019	506	0.04
350,000	Tenet Healthcare Corp 5.5% 01/03/2019	358	0.03
1,720,000	Tenet Healthcare Corp 8% 01/08/2020	1,840	0.13
5,675,000	Tenet Healthcare Corp 8.125% 01/04/2022	6,512	0.46
1,025,000	TransDigm Inc 5.5% 15/10/2020	1,025	0.07
2,450,000	TransDigm Inc 6% 15/07/2022	2,499	0.18
2,275,000	TransDigm Inc 6.5% 15/07/2024	2,332	0.17
1,250,000	TransDigm Inc 7.5% 15/07/2021	1,352	0.10
450,000	Univision Communications Inc 8.5% 15/05/2021	487	0.03
1,650,000	WideOpenWest Finance LLC / WideOpenWest Capital Corp 10.25% 15/07/2019	1,811	0.13
1,000,000	Zayo Group LLC / Zayo Capital Inc 10.125% 01/07/2020	1,118	0.08
	社債-格付CCC
500,000	Altegrity Inc 9.5% 01/07/2019	476	0.03
400,000	Ceridian HCM Holding Inc 11% 15/03/2021	451	0.03

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
700,000	Ceridian LLC / Comdata Inc 8.125% 15/11/2017	701	0.05
800,000	Claire's Stores Inc 8.875% 15/03/2019	686	0.05
2,610,000	Hexion US Finance Corp / Hexion Nova Scotia Finance ULC 8.875% 01/02/2018	2,585	0.18
1,075,000	Hexion US Finance Corp / Hexion Nova Scotia Finance ULC 9% 15/11/2020	978	0.07
70,000	inVentiv Health Inc 10% 15/08/2018	63	0.01
105,000	inVentiv Health Inc 11% 15/08/2018	74	0.01
700,000	Toys R Us Inc 10.375% 15/08/2017	546	0.04
	社債-格付CCC-
750,000	Affinion Group Inc 7.875% 15/12/2018	589	0.04
3,050,000	Caesars Entertainment Operating Co Inc 8.5% 15/02/2020	2,303	0.16
2,800,000	Caesars Entertainment Operating Co Inc 9% 15/02/2020	2,114	0.15
2,800,000	Caesars Entertainment Operating Co Inc 9% 15/02/2020	2,114	0.15
4,390,000	Caesars Entertainment Operating Co Inc 11.25% 01/06/2017	3,321	0.24
650,000	Caesars Entertainment Resort Properties LLC / Caesars Entertainment Resort Prope 11% 01/10/2021	608	0.04
1,850,000	iHeartCommunications Inc 10% 15/01/2018	1,543	0.11
850,000	JC Penney Corp Inc 5.65% 01/06/2020	705	0.05
875,000	JC Penney Corp Inc 8.125% 01/10/2019	840	0.06
2,575,000	Navistar International Corp 8.25% 01/11/2021	2,646	0.19
725,000	Walter Energy Inc 8.5% 15/04/2021	194	0.01
850,000	Walter Energy Inc 9.875% 15/12/2020	249	0.02
	社債-格付CC
750,000	Verso Paper Holdings LLC / Verso Paper Inc 11.75% 15/01/2019	765	0.05
	社債-格付C
6,410,000	Caesars Entertainment Operating Co Inc 10% 15/12/2018	997	0.07
500,000	Caesars Entertainment Operating Co Inc 10.75% 01/02/2016	99	0.01
1,230,000	Caesars Entertainment Operating Co Inc 12.75% 15/04/2018	221	0.01
	米国合計	1,224,332	86.92
	債券合計	1,392,205	98.83
	投資価額合計	1,392,205	98.83
	現金†	54,429	3.86
	その他の純負債	(38,012)	(2.69)
	償還可能投資証券保有者に帰属する純資産価額、期末現在	1,408,622	100.00

† 実質的にすべての現金ポジションはステート・ストリート・バンク・アンド・トラスト・カンパニーで保有しています。
* 無期限社債

iシェアーズ J.P.モルガンドル建て新興国債券 UCITS ETF
損益計算書
2014年10月31日終了年度

	2014年10月31日終了年度
	千米ドル
運用収益	183,781
損益を通じて公正価値で測定する金融資産/負債に係る純(損失)/利益	128,911
利益合計	312,692
運用費用	(16,263)
純運用利益	296,429
財務費用:
償還可能投資証券保有者への分配金	(169,828)
支払利息	(5)
財務費用合計	(169,833)
当期純(損失)/利益	126,596
償還可能投資証券保有者に帰属する純資産の運用による(減少)/増加	126,596

	2014年10月31日終了年度
	千米ドル
償還可能投資証券保有者に帰属する純資産、期首現在	2,648,905
償還可能投資証券保有者に帰属する純資産の運用による(減少)/増加	126,596
投資証券取引:
償還可能投資証券の発行による収入	2,387,877
償還可能投資証券の償還に係る支払	(999,696)
投資証券取引による純資産の増加	1,388,181
償還可能投資証券保有者に帰属する純資産、期末現在	4,163,682

添付の注記は本財務書類の一部です。
iシェアーズ J.P.モルガンドル建て新興国債券 UCITS ETF
投資明細表
2014年10月30日現在

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
公認の証券取引所に上場が認められているか規制市場で取引されている譲渡可能証券
	債券
	アルゼンチン
	国債-格付CCC+
60,286,000	Argentine Republic Government International Bond 2.5% 31/12/2038	32,554	0.78
13,315,300	Argentine Republic Government International Bond 8.28% 31/12/2033	16,102	0.39
35,208,854	Argentine Republic Government International Bond 8.28% 31/12/2033	43,811	1.05
	アルゼンチン合計	92,467	2.22

	オーストラリア
	社債-格付AA-
11,040,000	CNOOC Curtis Funding No 1 Pty Ltd 4.5% 03/10/2023	11,645	0.28
	オーストラリア合計	11,645	0.28

	アゼルバイジャン
	社債-格付BB+
13,395,000	State Oil Co of the Azerbaijan Republic 4.75% 13/03/2023	13,328	0.32
	国債-格付BBB-
16,280,000	Republic of Azerbaijan International Bond 4.75% 18/03/2024	16,891	0.41
	アゼルバイジャン合計	30,219	0.73

	ブラジル
	社債-格付BBB
6,120,000	Caixa Economica Federal 2.375% 06/11/2017	5,951	0.14
	社債-格付BBB-
5,700,000	Caixa Economica Federal 4.25% 13/05/2019	5,723	0.14
5,920,000	Caixa Economica Federal 4.5% 03/10/2018	6,038	0.14
	国債-格付BBB-
5,644,000	Banco Nacional de Desenvolvimento Economico e Social 5.5% 12/07/2020	6,025	0.14
10,935,000	Banco Nacional de Desenvolvimento Economico e Social 5.75% 26/09/2023	11,700	0.28
9,700,000	Banco Nacional de Desenvolvimento Economico e Social 6.369% 16/06/2018	10,634	0.26
4,864,000	Banco Nacional de Desenvolvimento Economico e Social 6.5% 10/06/2019	5,423	0.13
10,718,000	Brazilian Government International Bond 2.625% 05/01/2023	9,834	0.24

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
23,586,000	Brazilian Government International Bond 4.25% 07/01/2025	23,963	0.58
9,969,000	Brazilian Government International Bond 4.875% 22/01/2021	10,766	0.26
9,023,000	Brazilian Government International Bond 5% 27/01/2045	8,797	0.21
16,249,000	Brazilian Government International Bond 5.625% 07/01/2041	17,468	0.42
10,256,000	Brazilian Government International Bond 5.875% 15/01/2019	11,600	0.28
16,474,000	Brazilian Government International Bond 6% 17/01/2017	18,023	0.43
17,242,000	Brazilian Government International Bond 7.125% 20/01/2037	21,768	0.52
12,238,000	Brazilian Government International Bond 8.25% 20/01/2034	16,888	0.41
4,552,000	Brazilian Government International Bond 8.875% 15/04/2024	6,305	0.15
8,739,000	Brazilian Government International Bond 10.125% 15/05/2027	13,720	0.33
5,183,000	Brazilian Government International Bond 11% 17/08/2040	5,598	0.13
	ブラジル合計	216,224	5.19

	英領ヴァージン諸島
	社債-格付AA-
10,100,000	Sinopec Group Overseas Development 2014 Ltd FRN 10/04/2017	10,083	0.24
10,600,000	Sinopec Group Overseas Development 2014 Ltd 1.75% 10/04/2017	10,592	0.26
13,967,000	Sinopec Group Overseas Development 2012 Ltd 2.75% 17/05/2017	14,280	0.34
14,450,000	Sinopec Group Overseas Development 2012 Ltd 3.9% 17/05/2022	14,716	0.35
14,620,000	Sinopec Group Overseas Development 2013 Ltd 4.375% 17/10/2023	15,259	0.37
6,900,000	Sinopec Group Overseas Development 2014 Ltd 4.375% 10/04/2024	7,203	0.17
10,193,000	Sinopec Group Overseas Development 2012 Ltd 4.875% 17/05/2042	10,798	0.26

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
11,400,000	State Grid Overseas Investment 2014 Ltd 2.75% 07/05/2019	11,490	0.28
13,067,000	State Grid Overseas Investment 2013 Ltd 3.125% 22/05/2023	12,628	0.30
12,700,000	State Grid Overseas Investment 2014 Ltd 4.125% 07/05/2024	13,197	0.32
	社債-格付A-
11,414,000	Sinochem Overseas Capital Co Ltd 4.5% 12/11/2020	12,172	0.29
	英領ヴァージン諸島合計	132,418	3.18

	ケイマン諸島
	社債-格付AA-
8,520,000	Amber Circle Funding Ltd 3.25% 04/12/2022	8,251	0.20
	社債-格付BBB-
7,200,000	Brazil Minas SPE via State of Minas Gerais 5.333% 15/02/2028	7,236	0.17
	ケイマン諸島合計	15,487	0.37

	チリ
	社債-格付AA-
17,380,000	Corp Nacional del Cobre de Chile 3% 17/07/2022	16,727	0.40
14,172,000	Corp Nacional del Cobre de Chile 3.75% 04/11/2020	14,536	0.35
12,528,000	Corp Nacional del Cobre de Chile 3.875% 03/11/2021	12,939	0.31
	国債-格付AA-
13,175,000	Chile Government International Bond 3.25% 14/09/2021	13,616	0.33
13,120,000	Chile Government International Bond 3.875% 05/08/2020	14,019	0.34
	チリ合計	71,837	1.73

	コロンビア
	国債-格付BBB
6,500,000	Colombia Government International Bond 2.625% 15/03/2023	6,094	0.15
15,622,000	Colombia Government International Bond 4% 26/02/2024	16,051	0.38
17,476,000	Colombia Government International Bond 4.375% 12/07/2021	18,638	0.45
20,090,000	Colombia Government International Bond 5.625% 26/02/2044	22,501	0.54
28,142,000	Colombia Government International Bond 6.125% 18/01/2041	33,630	0.81
17,648,000	Colombia Government International Bond 7.375% 27/01/2017	19,942	0.48
22,674,000	Colombia Government International Bond 7.375% 18/03/2019	27,175	0.65
19,539,000	Colombia Government International Bond 7.375% 18/09/2037	26,329	0.63
7,094,000	Colombia Government International Bond 8.125% 21/05/2024	9,470	0.23
	コロンビア合計	179,830	4.32

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
	コスタリカ
	国債-格付BB
13,635,000	Costa Rica Government International Bond 4.25% 26/01/2023	12,885	0.31
13,080,000	Costa Rica Government International Bond 7% 04/04/2044	13,440	0.32
	コスタリカ合計	26,325	0.63

	クロアチア
	国債-格付BB
17,518,000	Croatia Government International Bond 5.5% 04/04/2023	18,284	0.44
23,085,000	Croatia Government International Bond 6% 26/01/2024	24,874	0.60
14,061,000	Croatia Government International Bond 6.25% 27/04/2017	14,993	0.36
16,225,000	Croatia Government International Bond 6.375% 24/03/2021	17,766	0.43
14,756,000	Croatia Government International Bond 6.625% 14/07/2020	16,324	0.39
22,232,000	Croatia Government International Bond 6.75% 05/11/2019	24,622	0.59
	クロアチア合計	116,863	2.81

	ドミニカ共和国
	国債-格付B+
14,325,000	Dominican Republic International Bond 5.875% 18/04/2024	15,113	0.36
19,000,000	Dominican Republic International Bond 7.45% 30/04/2044	21,233	0.51
21,160,000	Dominican Republic International Bond 7.5% 06/05/2021	24,069	0.58
	ドミニカ共和国合計	60,415	1.45

	エクアドル
	国債-格付B+
27,473,000	Ecuador Government International Bond 7.95% 20/06/2024	28,709	0.69
	エクアドル合計	28,709	0.69

	エジプト
	国債-格付B-
13,799,000	Egypt Government International Bond 5.75% 29/04/2020	14,628	0.35
	エジプト合計	14,628	0.35

	エルサルバドル
	国債-格付BB-
13,731,000	El Salvador Government International Bond 7.65% 15/06/2035	14,967	0.36
	エルサルバドル合計	14,967	0.36

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
	ガボン
	国債-格付BB-
19,600,000	Gabonese Republic 6.375% 12/12/2024	20,776	0.50
	ガボン合計	20,776	0.50

	ガーナ
	国債-格付B-
13,800,000	Republic of Ghana 7.875% 07/08/2023	13,835	0.33
11,030,000	Republic of Ghana 8.125% 18/01/2026	11,085	0.27
	ガーナ合計	24,920	0.60

	ハンガリー
	国債-格付BB
8,290,000	Hungary Government International Bond 4% 25/03/2019	8,494	0.20
12,996,000	Hungary Government International Bond 4.125% 19/02/2018	13,463	0.32
21,476,000	Hungary Government International Bond 5.375% 21/02/2023	23,057	0.55
19,044,000	Hungary Government International Bond 5.375% 25/03/2024	20,378	0.49
22,626,000	Hungary Government International Bond 5.75% 22/11/2023	24,859	0.60
21,370,000	Hungary Government International Bond 6.25% 29/01/2020	23,985	0.58
29,548,000	Hungary Government International Bond 6.375% 29/03/2021	33,430	0.80
13,064,000	Hungary Government International Bond 7.625% 29/03/2041	16,894	0.41
	ハンガリー合計	164,560	3.95

	インドネシア
	社債-格付BB+
2,650,000	Pertamina Persero PT 4.3% 20/05/2023	2,584	0.06
8,519,000	Pertamina Persero PT 4.875% 03/05/2022	8,689	0.21
6,300,000	Pertamina Persero PT 5.25% 23/05/2021	6,615	0.16
9,900,000	Pertamina Persero PT 5.625% 20/05/2043	9,472	0.23
9,112,000	Pertamina Persero PT 6% 03/05/2042	9,135	0.22
6,500,000	Pertamina Persero PT 6.45% 30/05/2044	6,906	0.16
	社債-格付BB
6,115,000	Perusahaan Listrik Negara PT 5.25% 24/10/2042	5,511	0.13
	国債-格付BB+
8,400,000	Indonesia Government International Bond 3.375% 15/04/2023	8,022	0.19
8,148,000	Indonesia Government International Bond 3.75% 25/04/2022	8,087	0.19

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
7,956,000	Indonesia Government International Bond 4.625% 15/04/2043	7,399	0.18
13,498,000	Indonesia Government International Bond 4.875% 05/05/2021	14,409	0.35
12,594,000	Indonesia Government International Bond 5.25% 17/01/2042	12,594	0.30
612,000	Indonesia Government International Bond 5.375% 17/10/2023	670	0.02
7,550,000	Indonesia Government International Bond 5.875% 13/03/2020	8,437	0.20
2,200,000	Indonesia Government International Bond 5.875% 15/01/2024	2,503	0.06
19,323,000	Indonesia Government International Bond 6.625% 17/02/2037	22,608	0.54
11,280,000	Indonesia Government International Bond 6.75% 15/01/2044	13,804	0.33
11,733,000	Indonesia Government International Bond 6.875% 09/03/2017	13,009	0.31
24,920,000	Indonesia Government International Bond 6.875% 17/01/2018	28,097	0.68
6,288,000	Indonesia Government International Bond 7.75% 17/01/2038	8,269	0.20
8,207,000	Indonesia Government International Bond 8.5% 12/10/2035	11,449	0.28
	インドネシア合計	208,269	5.00

	イラク
	国債-格付NR
36,428,000	Republic of Iraq 5.8% 15/01/2028	32,284	0.78
	イラク合計	32,284	0.78

	アイルランド
	社債-格付BBB-
6,000,000	Russian Railways via RZD Capital Plc 5.7% 05/04/2022	5,962	0.14
5,838,000	Russian Railways via RZD Capital Plc 5.739% 03/04/2017	5,999	0.14
6,100,000	Vnesheconombank Via VEB Finance Plc 5.942% 21/11/2023	5,757	0.14
3,500,000	Vnesheconombank Via VEB Finance Plc 6.025% 05/07/2022	3,377	0.08
2,750,000	Vnesheconombank Via VEB Finance Plc 6.8% 22/11/2025	2,724	0.07
7,780,000	Vnesheconombank Via VEB Finance Plc 6.902% 09/07/2020	7,941	0.19
	アイルランド合計	31,760	0.76

	コートジボワール
	国債-格付NR
33,274,000	Ivory Coast Government International Bond 5.75% 31/12/2032	32,026	0.77
	コートジボワール合計	32,026	0.77

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
	カザフスタン
	社債-格付BBB+
16,456,000	Development Bank of Kazakhstan JSC 4.125% 10/12/2022	15,600	0.38
14,500,000	KazAgro National Management Holding JSC 4.625% 24/05/2023	13,865	0.33
	社債-格付BBB-
2,730,000	KazMunayGas National Co JSC 4.4% 30/04/2023	2,662	0.06
29,615,000	KazMunayGas National Co JSC 5.75% 30/04/2043	28,687	0.69
25,446,000	KazMunayGas National Co JSC 6.375% 09/04/2021	27,959	0.67
8,359,000	KazMunayGas National Co JSC 7% 05/05/2020	9,372	0.23
21,738,000	KazMunayGas National Co JSC 9.125% 02/07/2018	25,602	0.61
	国債-格付BBB+
2,000,000	Kazakhstan Government International Bond 3.875% 14/10/2024	1,963	0.05
8,210,000	Kazakhstan Government International Bond 4.875% 14/10/2044	7,881	0.19
	カザフスタン合計	133,591	3.21

	ケニア
	国債-格付B+
20,000,000	Kenya Government International Bond 6.875% 24/06/2024	21,250	0.51
	ケニア合計	21,250	0.51

	ラトビア
	国債-格付A-
15,572,000	Republic of Latvia 2.75% 12/01/2020	15,329	0.37
15,111,000	Republic of Latvia 5.25% 22/02/2017	16,379	0.39
	ラトビア合計	31,708	0.76

	レバノン
	国債-格付B-
11,972,000	Lebanon Government International Bond 5.15% 12/11/2018	11,972	0.29
12,490,000	Lebanon Government International Bond 6% 27/01/2023	12,553	0.30
15,832,000	Lebanon Government International Bond 6.1% 04/10/2022	16,109	0.39
13,265,000	Lebanon Government International Bond 6.375% 09/03/2020	13,895	0.33
22,897,000	Lebanon Government International Bond 6.6% 27/11/2026	23,355	0.56
8,344,000	Lebanon Government International Bond 6.75% 29/11/2027	8,594	0.21
22,513,000	Lebanon Government International Bond 8.25% 12/04/2021	25,890	0.62

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
16,424,000	Lebanon Government International Bond 9% 20/03/2017	18,206	0.44
	レバノン合計	130,574	3.14

	リトアニア
	国債-格付A-
17,421,000	Lithuania Government International Bond 6.125% 09/03/2021	20,276	0.49
21,571,000	Lithuania Government International Bond 6.625% 01/02/2022	26,072	0.62
28,557,000	Lithuania Government International Bond 7.375% 11/02/2020	34,520	0.83
	リトアニア合計	80,868	1.94

	ルクセンブルグ
	社債-格付BB+
5,000,000	Russian Agricultural Bank OJSC Via RSHB Capital SA 5.1% 25/07/2018	4,782	0.12
6,054,000	Russian Agricultural Bank OJSC Via RSHB Capital SA 5.298% 27/12/2017	5,879	0.14
4,256,000	Russian Agricultural Bank OJSC Via RSHB Capital SA 6.299% 15/05/2017	4,245	0.10
	ルクセンブルグ合計	14,906	0.36

	マレーシア
	社債-格付A-
34,300,000	1MDB Global Investments Ltd 4.4% 09/03/2023	34,452	0.83
39,255,000	Petronas Capital Ltd 5.25% 12/08/2019	44,260	1.06
13,440,000	Petronas Capital Ltd 7.875% 22/05/2022	17,586	0.42
	マレーシア合計	96,298	2.31

	メキシコ
	社債-格付BBB+
3,416,000	Comision Federal de Electricidad 4.875% 26/05/2021	3,647	0.09
4,800,000	Comision Federal de Electricidad 4.875% 15/01/2024	5,064	0.12
3,390,000	Petroleos Mexicanos 3.5% 18/07/2018	3,496	0.08
645,000	Petroleos Mexicanos 3.5% 30/01/2023	624	0.02
3,900,000	Petroleos Mexicanos 4.875% 24/01/2022	4,157	0.10
10,311,000	Petroleos Mexicanos 5.5% 21/01/2021	11,363	0.27
7,390,000	Petroleos Mexicanos 5.5% 27/06/2044	7,590	0.18
3,400,000	Petroleos Mexicanos 5.75% 01/03/2018	3,749	0.09
5,900,000	Petroleos Mexicanos 6.375% 23/01/2045	6,859	0.17
150,000	Petroleos Mexicanos 6.375% 23/01/2045	173	0.00

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
11,732,000	Petroleos Mexicanos 6.5% 02/06/2041	13,755	0.33
16,935,000	Petroleos Mexicanos 6.625% 15/06/2035	19,918	0.48
19,594,000	Petroleos Mexicanos 8% 03/05/2019	23,760	0.57
	国債-格付BBB+
17,154,000	Mexico Government International Bond 3.625% 15/03/2022	17,643	0.42
10,974,000	Mexico Government International Bond 4% 02/10/2023	11,457	0.27
17,088,000	Mexico Government International Bond 4.75% 08/03/2044	17,344	0.42
11,728,000	Mexico Government International Bond 5.125% 15/01/2020	13,153	0.32
6,886,000	Mexico Government International Bond 5.55% 21/01/2045	7,816	0.19
9,810,000	Mexico Government International Bond 5.625% 15/01/2017	10,742	0.26
8,994,000	Mexico Government International Bond 5.75% 12/10/2110	9,556	0.23
4,710,000	Mexico Government International Bond 5.95% 19/03/2019	5,424	0.13
12,558,000	Mexico Government International Bond 6.05% 11/01/2040	15,132	0.36
9,971,000	Mexico Government International Bond 6.75% 27/09/2034	12,937	0.31
	メキシコ合計	225,359	5.41

	モンゴル
	国債-格付B+
12,492,000	Mongolia Government International Bond 5.125% 05/12/2022	11,118	0.27
	モンゴル合計	11,118	0.27

	モロッコ
	国債-格付BBB-
20,628,000	Morocco Government International Bond 4.25% 11/12/2022	20,886	0.50
	モロッコ合計	20,886	0.50

	オランダ
	社債-格付BBB-
13,569,000	Kazakhstan Temir Zholy Finance BV 6.95% 10/07/2042	15,045	0.36
	社債-格付BB
10,500,000	Majapahit Holding BV 7.75% 20/01/2020	12,245	0.29
	国債-格付BB-
13,430,000	Republic of Angola Via Northern Lights III BV 7% 16/08/2019	14,330	0.35
	オランダ合計	41,620	1.00

	パキスタン
	国債-格付B-
13,600,000	Pakistan Government International Bond 7.25% 15/04/2019	14,042	0.34
13,192,000	Pakistan Government International Bond 8.25% 15/04/2024	13,786	0.33
	パキスタン合計	27,828	0.67

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
	パナマ
	国債-格付BBB
8,700,000	Panama Government International Bond 4% 22/09/2024	8,852	0.21
23,026,000	Panama Government International Bond 5.2% 30/01/2020	25,444	0.61
29,779,000	Panama Government International Bond 6.7% 26/01/2036	37,373	0.90
	パナマ合計	71,669	1.72

	パラグアイ
	国債-格付BB
13,150,000	Republic of Paraguay 6.1% 11/08/2044	14,087	0.34
	パラグアイ合計	14,087	0.34

	中国
	社債-格付AA-
11,100,000	Export-Import Bank of China 2.5% 31/07/2019	11,107	0.26
11,500,000	Export-Import Bank of China 3.625% 31/07/2024	11,577	0.28
	中国合計	22,684	0.54

	ペルー
	国債-格付BBB+
23,013,000	Peruvian Government International Bond 5.625% 18/11/2050	26,062	0.63
29,357,000	Peruvian Government International Bond 6.55% 14/03/2037	37,503	0.90
22,244,000	Peruvian Government International Bond 7.125% 30/03/2019	26,693	0.64
14,136,000	Peruvian Government International Bond 7.35% 21/07/2025	18,695	0.45
15,090,000	Peruvian Government International Bond 8.75% 21/11/2033	23,088	0.55
	ペルー合計	132,041	3.17

	フィリピン
	社債-格付BBB
9,329,000	Power Sector Assets & Liabilities Management Corp 7.25% 27/05/2019	11,101	0.27
9,846,000	Power Sector Assets & Liabilities Management Corp 7.39% 02/12/2024	12,736	0.30
	国債-格付BBB
24,476,000	Philippine Government International Bond 4% 15/01/2021	26,251	0.63
12,042,000	Philippine Government International Bond 5% 13/01/2037	13,863	0.33
13,069,000	Philippine Government International Bond 6.375% 15/01/2032	16,696	0.40
27,093,000	Philippine Government International Bond 6.375% 23/10/2034	35,560	0.86

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
21,173,000	Philippine Government International Bond 7.75% 14/01/2031	30,039	0.72
14,489,000	Philippine Government International Bond 8.375% 17/06/2019	18,292	0.44
15,889,000	Philippine Government International Bond 9.5% 02/02/2030	25,363	0.61
20,044,000	Philippine Government International Bond 10.625% 16/03/2025	31,870	0.77
	フィリピン合計	221,771	5.33

	ポーランド
	国債-格付A-
20,869,000	Poland Government International Bond 3% 17/03/2023	20,529	0.49
21,676,000	Poland Government International Bond 4% 22/01/2024	22,685	0.54
31,244,000	Poland Government International Bond 5% 23/03/2022	35,053	0.84
23,421,000	Poland Government International Bond 5.125% 21/04/2021	26,444	0.64
37,775,000	Poland Government International Bond 6.375% 15/07/2019	44,922	1.08
	ポーランド合計	149,633	3.59

	ルーマニア
	国債-格付BBB-
31,384,000	Romanian Government International Bond 6.75% 07/02/2022	37,425	0.90
16,022,000	Romanian Government International Bond 4.375% 22/08/2023	16,623	0.40
13,874,000	Romanian Government International Bond 4.875% 22/01/2024	14,880	0.36
13,348,000	Romanian Government International Bond 6.125% 22/01/2044	15,601	0.37
	ルーマニア合計	84,529	2.03

	ロシア
	国債-格付BBB-
7,200,000	Russian Foreign Bond - Eurobond 3.25% 04/04/2017	7,200	0.17
6,000,000	Russian Foreign Bond - Eurobond 3.5% 16/01/2019	5,902	0.14
9,400,000	Russian Foreign Bond - Eurobond 4.5% 04/04/2022	9,318	0.23
13,400,000	Russian Foreign Bond - Eurobond 4.875% 16/09/2023	13,417	0.32
14,300,000	Russian Foreign Bond - Eurobond 5% 29/04/2020	14,783	0.36
13,600,000	Russian Foreign Bond - Eurobond 5.625% 04/04/2042	13,702	0.33
7,200,000	Russian Foreign Bond - Eurobond 5.875% 16/09/2043	7,470	0.18
87,859,165	Russian Foreign Bond - Eurobond 7.5% 31/03/2030	65,317	1.57
14,107,000	Russian Foreign Bond - Eurobond 11% 24/07/2018	17,584	0.42

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
10,361,000	Russian Foreign Bond - Eurobond 12.75% 24/06/2028	17,121	0.41
	ロシア合計	171,814	4.13

	セルビア
	国債-格付BB-/*-
21,096,000	Republic of Serbia 4.875% 25/02/2020	21,518	0.52
13,860,000	Republic of Serbia 5.875% 03/12/2018	14,710	0.35
25,200,000	Republic of Serbia 7.25% 28/09/2021	28,885	0.69
	セルビア合計	65,113	1.56

	スロバキア
	国債-格付A
20,339,000	Slovakia Government International Bond 4.375% 21/05/2022	22,044	0.53
	スロバキア合計	22,044	0.53

	南アフリカ
	社債-格付BBB-
10,660,000	Transnet SOC Ltd 4% 26/07/2022	10,247	0.25
	社債-格付BBB-/*-
18,383,000	Eskom Holdings SOC Ltd 5.75% 26/01/2021	18,935	0.45
10,841,000	Eskom Holdings SOC Ltd 6.75% 06/08/2023	11,607	0.28
	国債-格付BBB-
16,535,000	South Africa Government International Bond 4.665% 17/01/2024	17,176	0.41
9,100,000	South Africa Government International Bond 5.375% 24/07/2044	9,407	0.23
22,008,000	South Africa Government International Bond 5.5% 09/03/2020	24,126	0.58
10,699,000	South Africa Government International Bond 5.875% 30/05/2022	12,090	0.29
23,335,000	South Africa Government International Bond 5.875% 16/09/2025	26,339	0.63
20,972,000	South Africa Government International Bond 6.875% 27/05/2019	24,118	0.58
	南アフリカ合計	154,045	3.70

	スリランカ
	国債-格付B+
12,829,000	Sri Lanka Government International Bond 5.875% 25/07/2022	13,374	0.32
11,200,000	Sri Lanka Government International Bond 6% 14/01/2019	11,872	0.29
18,086,000	Sri Lanka Government International Bond 6.25% 04/10/2020	19,284	0.46
13,035,000	Sri Lanka Government International Bond 6.25% 27/07/2021	13,899	0.33
	スリランカ合計	58,429	1.40

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
	トルコ
	国債-格付BB+
8,920,000	Turkey Government International Bond 3.25% 23/03/2023	8,329	0.20
13,900,000	Turkey Government International Bond 4.875% 16/04/2043	13,431	0.32
13,936,000	Turkey Government International Bond 5.75% 22/03/2024	15,399	0.37
18,736,000	Turkey Government International Bond 6% 14/01/2041	20,750	0.50
16,076,000	Turkey Government International Bond 6.25% 26/09/2022	18,246	0.44
10,109,000	Turkey Government International Bond 6.625% 17/02/2045	12,106	0.29
16,383,000	Turkey Government International Bond 6.75% 03/04/2018	18,369	0.44
7,698,000	Turkey Government International Bond 6.75% 30/05/2040	9,257	0.22
19,433,000	Turkey Government International Bond 6.875% 17/03/2036	23,514	0.57
1,000,000	Turkey Government International Bond 7% 11/03/2019	1,147	0.03
37,169,000	Turkey Government International Bond 7% 05/06/2020	43,303	1.04
3,782,000	Turkey Government International Bond 7.25% 05/03/2038	4,803	0.12
18,540,000	Turkey Government International Bond 7.5% 14/07/2017	20,881	0.50
500,000	Turkey Government International Bond 7.5% 07/11/2019	590	0.01
12,112,000	Turkey Government International Bond 8% 14/02/2034	16,306	0.39
6,415,000	Turkey Government International Bond 11.875% 15/01/2030	11,186	0.27
	トルコ合計	237,617	5.71

	ウクライナ
	国債-格付CCC
10,500,000	Ukraine Government International Bond 6.58% 21/11/2016	9,056	0.22
14,121,000	Ukraine Government International Bond 7.5% 17/04/2023	11,897	0.29
18,339,000	Ukraine Government International Bond 7.75% 23/09/2020	15,955	0.38
33,713,000	Ukraine Government International Bond 7.8% 28/11/2022	28,993	0.70
12,775,000	Ukraine Government International Bond 7.95% 23/02/2021	11,194	0.27
29,782,000	Ukraine Government International Bond 9.25% 24/07/2017	26,841	0.64
	ウクライナ合計	103,936	2.50

	ウルグアイ
	国債-格付BBB-
17,297,000	Uruguay Government International Bond 4.5% 14/08/2024	18,205	0.44
20,998,202	Uruguay Government International Bond 5.1% 18/06/2050	20,841	0.50

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
25,834,270	Uruguay Government International Bond 7.625% 21/03/2036	35,199	0.84
	ウルグアイ合計	74,245	1.78

	ベネズエラ
	社債-格付CCC+
4,000,000	Petroleos de Venezuela SA 5.25% 12/04/2017	2,668	0.07
13,453,200	Petroleos de Venezuela SA 5.375% 12/04/2027	6,390	0.16
9,830,500	Petroleos de Venezuela SA 5.5% 12/04/2037	4,559	0.11
1,096,000	Petroleos de Venezuela SA 6% 16/05/2024	556	0.01
22,274,621	Petroleos de Venezuela SA 6% 15/11/2026	10,933	0.26
24,388,900	Petroleos de Venezuela SA 8.5% 02/11/2017	18,377	0.44
8,119,000	Petroleos de Venezuela SA 9% 17/11/2021	5,108	0.12
10,348,396	Petroleos de Venezuela SA 9.75% 17/05/2035	6,297	0.15
10,365,000	Petroleos de Venezuela SA 12.75% 17/02/2022	8,193	0.20
	国債-格付CCC+
6,546,000	Venezuela Government International Bond 6% 09/12/2020	3,911	0.09
4,179,000	Venezuela Government International Bond 7% 31/03/2038	2,424	0.06
5,435,000	Venezuela Government International Bond 7.65% 21/04/2025	3,247	0.08
9,737,000	Venezuela Government International Bond 7.75% 13/10/2019	6,305	0.15
8,727,000	Venezuela Government International Bond 8.25% 13/10/2024	5,324	0.13
7,062,300	Venezuela Government International Bond 9% 07/05/2023	4,520	0.11
10,872,000	Venezuela Government International Bond 9.25% 15/09/2027	7,230	0.17
4,606,300	Venezuela Government International Bond 9.25% 07/05/2028	2,948	0.07
5,718,000	Venezuela Government International Bond 9.375% 13/01/2034	3,631	0.09
11,567,000	Venezuela Government International Bond 11.75% 21/10/2026	8,444	0.20
14,228,600	Venezuela Government International Bond 11.95% 05/08/2031	10,351	0.25
10,075,700	Venezuela Government International Bond 12.75% 23/08/2022	8,035	0.19
	ベネズエラ合計	129,451	3.11

保有高	投資	公正価値千米ドル	純資産価額に占める割合 %
	ベトナム
	国債-格付BB-
12,655,000	Vietnam Government International Bond 6.75% 29/01/2020	14,205	0.34
	ベトナム合計	14,205	0.34

	ザンビア
	国債-格付B+
13,500,000	Zambia Government International Bond 8.5% 14/04/2024	15,424	0.37
	ザンビア合計	15,424	0.37
	債券合計	4,105,372	98.60
	投資価額合計	4,105,372	98.60
	現金†	64,322	1.54
	その他の純負債	(6,012)	(0.14)
	償還可能投資証券保有者に帰属する純資産価額、期末現在	4,163,682	100.00

† 実質的にすべての現金ポジションはステート・ストリート・バンク・アンド・トラスト・カンパニーで保有しています。

iシェアーズ欧州ハイイールド社債 UCITS ETF
損益計算書
2015年2月28日終了年度

	2015年2月28日終了年度
	千ユーロ
運用収益	147,992
損益を通じて公正価値で測定する金融資産/負債に係る純(損失)/利益	2,549
利益合計	150,541
運用費用	(14,332)
純運用利益	136,209
財務費用:
償還可能投資証券保有者への分配金	(133,170)
支払利息	(8)
財務費用合計	(133,178)
当期純(損失)/利益	3,031
償還可能投資証券保有者に帰属する純資産の運用による(減少)/増加	3,031

損益計算書に計上されている損益の他に、当年度に発生し認識された損益はありません。当年度の成績を算定するにあたり、すべての金額は継続事業に関連しています。
償還可能投資証券保有者に帰属する純資産の変動計算書
2015年2月28日終了年度

	2015年2月28日終了年度
	千ユーロ
償還可能投資証券保有者に帰属する純資産、期首現在	2,763,522
償還可能投資証券保有者に帰属する純資産の運用による(減少)/増加	3,031
投資証券取引:
償還可能投資証券の発行による収入	2,063,534
償還可能投資証券の償還に係る支払	(1,139,031)
投資証券取引による純資産の増加	924,503
償還可能投資証券保有者に帰属する純資産、期末現在	3,691,056

添付の注記は本財務書類の一部です。
iシェアーズ欧州ハイイールド社債 UCITS ETF
投資明細表
2015年2月28日現在

保有高	投資	公正価値千ユーロ	純資産価額に占める割合 %
公認の証券取引所に上場が認められているか規制市場で取引されている譲渡可能証券
	債券
	オーストリア
	社債-格付BBB-/*-
3,400,000	Raiffeisen Bank International AG 4.5% 21/02/2025	2,507	0.07
6,500,000	Raiffeisen Bank International AG 6% 16/10/2023	5,265	0.14
4,600,000	Raiffeisen Bank International AG 6.625% 18/05/2021	4,145	0.11
	社債-格付BB+/*-
4,400,000	Raiffeisenlandesbank Niederoesterreich-Wien AG 5.875% 27/11/2023	3,475	0.10
	社債-格付BB
4,200,000	BAWAG PSK Bank fuer Arbeit und Wirtschaft und Oesterreichische Postsparkasse AG 8.125% 30/10/2023	5,103	0.14
2,940,000	Sappi Papier Holding GmbH 6.625% 15/04/2018	3,050	0.08
5,050,000	Wienerberger AG 4% 17/04/2020	5,499	0.15
	社債-格付CC
14,400,000	Heta Asset Resolution AG 4.25% 31/10/2016	9,438	0.26
26,950,000	Heta Asset Resolution AG 4.375% 24/01/2017	17,555	0.47
	オーストリア合計	56,037	1.52

	ベルギー
	社債-格付BB+
3,800,000	Barry Callebaut Services NV 5.625% 15/06/2021	4,608	0.13
4,780,000	Barry Callebaut Services NV 6% 13/07/2017	5,320	0.14
	社債-格付BB-
3,745,000	Ontex Group NV 4.75% 15/11/2021	4,040	0.11
	ベルギー合計	13,968	0.38

	ブラジル
	社債-格付BB+
10,050,000	Telemar Norte Leste SA 5.125% 15/12/2017	10,424	0.28
	ブラジル合計	10,424	0.28

	ブルガリア
	社債-格付BB+
6,912,000	Bulgarian Energy Holding EAD 4.25% 07/11/2018	6,825	0.19
	社債-格付BB-
5,825,000	Bulgarian Telecommunications Co EAD 6.625% 15/11/2018	6,045	0.16
	ブルガリア合計	12,870	0.35

保有高	投資	公正価値千ユーロ	純資産価額に占める割合 %
	ケイマン諸島
	社債-格付BB
10,664,000	UPCB Finance II Ltd 6.375% 01/07/2020	11,171	0.30
	社債-格付B
8,700,000	Viridian Group FundCo II Ltd 7.5% 01/03/2020	8,852	0.24
	ケイマン諸島合計	20,023	0.54

	クロアチア
	社債-格付B
4,350,000	Agrokor DD 9.125% 01/02/2020	4,883	0.13
3,800,000	Agrokor DD 9.875% 01/05/2019	4,114	0.11
	クロアチア合計	8,997	0.24

	チェコ
	社債-格付BB
6,550,000	RPG Byty Sro 6.75% 01/05/2020	6,856	0.19
	社債-格付B+
6,994,000	CE Energy AS 7% 01/02/2021	7,116	0.19
	チェコ合計	13,972	0.38

	フィンランド
	社債-格付BB
7,040,000	Nokia Oyj 6.75% 04/02/2019	8,499	0.23
8,236,000	Stora Enso Oyj 5% 19/03/2018	9,066	0.24
6,750,000	Stora Enso Oyj 5.5% 07/03/2019	7,705	0.21
2,000,000	Stora Enso Oyj FRN 07/10/2016	2,120	0.06
	フィンランド合計	27,390	0.74

	フランス
	社債-格付BB+
7,100,000	Areva SA 3.125% 20/03/2023	7,177	0.19
9,400,000	Areva SA 3.25% 04/09/2020	9,826	0.27
6,100,000	Areva SA 3.5% 22/03/2021	6,416	0.17
6,750,000	Areva SA 3.875% 23/09/2016	7,045	0.19
9,200,000	Areva SA 4.375% 06/11/2019	10,179	0.28
7,200,000	Areva SA 4.625% 05/10/2017	7,826	0.21
5,600,000	Areva SA 4.875% 23/09/2024	6,316	0.17
7,200,000	Ciments Francais SA 4.75% 04/04/2017	7,682	0.21
6,350,000	Italcementi Finance SA 6.125% 21/02/2018	7,151	0.19
8,550,000	Italcementi Finance SA 6.625% 19/03/2020	10,371	0.28
7,300,000	Lafarge SA 4.25% 23/03/2016	7,570	0.20
10,550,000	Lafarge SA 4.75% 30/09/2020	12,647	0.34
9,250,000	Lafarge SA 5.375% 26/06/2017	10,220	0.28
8,000,000	Lafarge SA 5.875% 09/07/2019	9,649	0.26
7,500,000	Lafarge SA 6.125% 28/05/2015	7,597	0.21
7,720,000	Lafarge SA 6.25% 13/04/2018	8,788	0.24
14,010,000	Lafarge SA 6.625% 29/11/2018	16,476	0.45
10,870,000	Lafarge SA 6.75% 16/12/2019	13,311	0.36
10,590,000	Lafarge SA 8.875% 24/11/2016	12,036	0.33

保有高	投資	公正価値千ユーロ	純資産価額に占める割合 %
7,300,000	Renault SA 3.125% 05/03/2021	8,226	0.22
13,050,000	Renault SA 3.625% 19/09/2018	14,351	0.39
11,522,000	Renault SA 4.625% 25/05/2016	12,085	0.33
12,400,000	Renault SA 4.625% 18/09/2017	13,625	0.37
9,680,000	Renault SA 5.625% 30/06/2015	9,839	0.27
7,300,000	Renault SA 5.625% 22/03/2017	8,037	0.22
5,350,000	SPCM SA 5.5% 15/06/2020	5,702	0.15
7,200,000	Tereos Europe SA 4.25% 04/03/2020	7,334	0.20
	社債-格付BB
7,200,000	Banque PSA Finance SA 4% 24/06/2015	7,272	0.20
15,150,000	Banque PSA Finance SA 4.25% 25/02/2016	15,680	0.42
9,064,000	Banque PSA Finance SA 4.875% 25/09/2015	9,277	0.25
9,775,000	Crown European Holdings SA 4% 15/07/2022	10,704	0.29
5,850,000	Novalis SAS 6% 15/06/2018	6,099	0.17
9,250,000	Rexel SA 5.125% 15/06/2020	9,990	0.27
6,340,000	Rexel SA 7% 17/12/2018	6,673	0.18
	社債-格付BB-
4,075,000	Darty Financement SAS 5.875% 01/03/2021	4,259	0.11
6,722,000	Faurecia 9.375% 15/12/2016	7,663	0.21
6,300,000	Loxam SAS 4.875% 23/07/2021	6,442	0.17
3,000,000	Nexans SA 4.25% 19/03/2018	3,180	0.09
6,050,000	Nexans SA 5.75% 02/05/2017	6,522	0.18
5,850,000	Novafives SAS 4.5% 30/06/2021	5,835	0.16
	社債-格付B+/*+
5,550,000	Cegedim SA 6.75% 01/04/2020	6,070	0.16
	社債-格付B+
5,250,000	Cerba European Lab SAS 7% 01/02/2020	5,591	0.15
4,900,000	Holdikks SAS 6.75% 15/07/2021	4,238	0.11
8,130,000	Labco SA 8.5% 15/01/2018	8,557	0.23
14,200,000	Numericable-SFR SAS 5.375% 15/05/2022	15,052	0.41
18,265,000	Numericable-SFR SAS 5.625% 15/05/2024	19,452	0.53
9,710,000	Peugeot SA 5% 28/10/2016	10,328	0.28
6,600,000	Peugeot SA 5.625% 29/06/2015	6,700	0.18
8,294,000	Peugeot SA 5.625% 11/07/2017	9,138	0.25
8,450,000	Peugeot SA 6.5% 18/01/2019	10,080	0.27
4,409,000	Peugeot SA 6.875% 30/03/2016	4,690	0.13
14,233,000	Peugeot SA 7.375% 06/03/2018	16,736	0.45
	社債-格付B
4,800,000	3AB Optique Developpement SAS 5.625% 15/04/2019	4,623	0.13
5,650,000	CGG SA 5.875% 15/05/2020	5,226	0.14
7,700,000	Dry Mix Solutions Investissements SAS FRN 15/06/2021	7,546	0.20
4,676,000	Faurecia 8.75% 15/06/2019	5,085	0.14
5,350,000	Financiere Gaillon 8 SAS 7% 30/09/2019	5,403	0.15
7,450,000	Holding Medi-Partenaires SAS 7% 15/05/2020	7,971	0.22
5,361,000	HomeVi SAS 6.875% 15/08/2021	5,763	0.16
3,320,000	Labeyrie Fine Foods SAS 5.625% 15/03/2021	3,503	0.09
3,000,000	Loxam SAS 7% 23/07/2022	2,970	0.08
4,250,000	Loxam SAS 7.375% 24/01/2020	4,399	0.12
4,100,000	Novacap International SAS FRN 01/05/2019	4,131	0.11
4,750,000	SGD Group SAS 5.625% 15/05/2019	4,798	0.13

保有高	投資	公正価値千ユーロ	純資産価額に占める割合 %
4,650,000	SMCP SAS 8.875% 15/06/2020	4,952	0.13
5,450,000	THOM Europe SAS 7.375% 15/07/2019	5,641	0.15
	社債-格付B-
4,100,000	CMA CGM SA 8.75% 15/12/2018	4,408	0.12
4,700,000	CMA CGM SA 8.875% 15/04/2019	4,923	0.13
5,300,000	Europcar Groupe SA 11.5% 15/05/2017	5,976	0.16
6,100,000	Financiere Quick SAS FRN 15/04/2019	5,398	0.15
4,050,000	La Financiere Atalian SAS 7.25% 15/01/2020	4,359	0.12
	社債-格付CCC+
5,800,000	Europcar Groupe SA 9.375% 15/04/2018	6,076	0.16
	社債-格付CCC-
4,000,000	Dexia Credit Local SA FRN 10/07/2017	3,520	0.10
	フランス合計	580,381	15.72

	ドイツ
	社債-格付BBB-
6,065,000	Deutsche Lufthansa AG 1.125% 12/09/2019	6,127	0.16
9,120,000	Deutsche Lufthansa AG 6.5% 07/07/2016	9,862	0.27
	社債-格付BB+
14,200,000	Bayerische Landesbank 5.75% 23/10/2017	15,478	0.42
4,440,000	Franz Haniel & Cie GmbH 5.875% 01/02/2017	4,875	0.13
4,350,000	Hornbach Baumarkt AG 3.875% 15/02/2020	4,770	0.13
5,870,000	Norddeutsche Landesbank Girozentrale 6% 29/06/2020	6,927	0.19
6,900,000	Rheinmetall AG 5.25% 22/09/2017	7,549	0.20
	社債-格付BB
17,720,000	Commerzbank AG 6.375% 22/03/2019	20,672	0.56
19,400,000	Commerzbank AG 7.75% 16/03/2021	24,241	0.66
3,650,000	SGL Carbon SE 4.875% 15/01/2021	3,880	0.11
10,775,000	ThyssenKrupp AG 1.75% 25/11/2020	10,746	0.29
7,675,000	ThyssenKrupp AG 2.5% 25/02/2025	7,629	0.21
18,090,000	ThyssenKrupp AG 3.125% 25/10/2019	19,189	0.52
21,455,000	ThyssenKrupp AG 4% 27/08/2018	23,192	0.63
10,100,000	ThyssenKrupp AG 4.375% 18/03/2015	10,113	0.27
18,260,000	ThyssenKrupp AG 4.375% 28/02/2017	19,374	0.52
	社債-格付BB-
4,325,000	TUI AG 4.5% 01/10/2019	4,617	0.13
1,900,000	Unitymedia Hessen GmbH & Co KG / Unitymedia NRW GmbH 3.5% 15/01/2027	1,938	0.05
14,000,000	Unitymedia Hessen GmbH & Co KG / Unitymedia NRW GmbH 4% 15/01/2025	14,840	0.40
7,150,000	Unitymedia Hessen GmbH & Co KG / Unitymedia NRW GmbH 5.125% 21/01/2023	7,767	0.21
8,100,000	Unitymedia Hessen GmbH & Co KG / Unitymedia NRW GmbH 5.5% 15/09/2022	8,762	0.24

保有高	投資	公正価値千ユーロ	純資産価額に占める割合 %
5,500,000	Unitymedia Hessen GmbH & Co KG / Unitymedia NRW GmbH 5.625% 15/04/2023	6,050	0.16
7,450,000	Unitymedia Hessen GmbH & Co KG / Unitymedia NRW GmbH 5.75% 15/01/2023	8,213	0.22
	社債-格付B+
2,800,000	HP Pelzer Holding GmbH 7.5% 15/07/2021	2,996	0.08
5,758,000	Techem GmbH 6.125% 01/10/2019	6,132	0.17
4,350,000	Trionista Holdco GmbH 5% 30/04/2020	4,546	0.12
4,050,000	WEPA Hygieneprodukte GmbH 6.5% 15/05/2020	4,445	0.12
	社債-格付B
6,050,000	Deutsche Raststaetten Gruppe IV GmbH 6.75% 30/12/2020	6,640	0.18
3,350,000	FTE Verwaltungs GmbH 9% 15/07/2020	3,556	0.10
9,000,000	Unitymedia KabelBW GmbH 9.5% 15/03/2021	10,046	0.27
	社債-格付B-
4,000,000	Hapag-Lloyd AG 7.5% 15/10/2019	4,220	0.11
5,450,000	Hapag-Lloyd AG 7.75% 01/10/2018	5,750	0.16
3,700,000	KraussMaffei Group GmbH 8.75% 15/12/2020	3,663	0.10
5,090,000	Techem Energy Metering Service GmbH & Co KG 7.875% 01/10/2020	5,637	0.15
8,200,000	Trionista TopCo GmbH 6.875% 30/04/2021	8,794	0.24
	社債-格付CCC+
4,300,000	CeramTec Group GmbH 8.25% 15/08/2021	4,726	0.13
5,050,000	Heidelberger Druckmaschinen AG 9.25% 15/04/2018	5,119	0.14
7,400,000	HSH Nordbank AG FRN 14/02/2017	6,322	0.17
3,000,000	KP Germany Erste GmbH 11.625% 15/07/2017	3,233	0.09
4,000,000	Pfleiderer GmbH 7.875% 01/08/2019	3,730	0.10
	社債-格付CCC
3,500,000	Heckler & Koch GmbH 9.5% 15/05/2018	2,608	0.07
	ドイツ合計	338,974	9.18

	ハンガリー
	社債-格付BB
10,125,000	MOL Hungarian Oil and Gas Plc 3.875% 05/10/2015	10,214	0.27
10,955,000	MOL Hungarian Oil and Gas Plc 5.875% 20/04/2017	11,780	0.32
	社債-格付BB-
7,306,000	OTP Bank Plc 5.27% 19/09/2016	7,621	0.21
	ハンガリー合計	29,615	0.80

	アイルランド
	社債-格付BB+
11,050,000	Bank of Ireland 2% 08/05/2017	11,291	0.31
11,040,000	Bank of Ireland 3.25% 15/01/2019	11,921	0.32
10,600,000	Gazprombank OJSC Via GPB Eurobond Finance Plc 3.984% 30/10/2018	8,957	0.24
14,000,000	Gazprombank OJSC Via GPB Eurobond Finance Plc 4% 01/07/2019	11,445	0.31

保有高	投資	公正価値千ユーロ	純資産価額に占める割合 %
4,100,000	Smurfit Kappa Acquisitions 2.75% 01/02/2025	4,218	0.11
7,115,000	Smurfit Kappa Acquisitions 3.25% 01/06/2021	7,649	0.21
5,700,000	Smurfit Kappa Acquisitions 4.125% 30/01/2020	6,327	0.17
3,650,000	Smurfit Kappa Acquisitions FRN 15/10/2020	3,933	0.11
	社債-格付BB
7,475,000	Allied Irish Banks Plc 2.75% 16/04/2019	7,947	0.22
7,300,000	Allied Irish Banks Plc 2.875% 28/11/2016	7,546	0.20
	社債-格付BB-/*-
4,529,000	Rottapharm Ltd 6.125% 15/11/2019	4,835	0.13
	社債-格付B+
16,056,000	Ardagh Packaging Finance Plc / Ardagh Holdings USA Inc 4.25% 15/01/2022	16,377	0.44
3,750,000	Bank of Ireland 10% 19/12/2022	5,086	0.14
	社債-格付B
4,328,000	AG Spring Finance Ltd 7.5% 01/06/2018	4,301	0.12
5,550,000	eircom Finance Ltd 9.25% 15/05/2020	6,091	0.16
	社債-格付CCC+
6,110,000	Ardagh Packaging Finance Plc 9.25% 15/10/2020	6,538	0.18
	社債-格付CCC-
6,600,000	Depfa Bank Plc FRN 15/12/2015	6,419	0.18
	アイルランド合計	130,881	3.55

	イタリア
	社債-格付BB+
3,680,000	Buzzi Unicem SpA 5.125% 09/12/2016	3,916	0.11
5,300,000	Buzzi Unicem SpA 6.25% 28/09/2018	6,083	0.16
7,550,000	Finmeccanica Finance SpA 4.375% 05/12/2017	8,199	0.22
12,483,000	Finmeccanica Finance SpA 4.5% 19/01/2021	14,185	0.38
11,000,000	Telecom Italia SpA 3.25% 16/01/2023	11,564	0.31
10,450,000	Telecom Italia SpA 4% 21/01/2020	11,484	0.31
11,400,000	Telecom Italia SpA 4.5% 20/09/2017	12,386	0.34
12,000,000	Telecom Italia SpA 4.5% 25/01/2021	13,605	0.37
7,350,000	Telecom Italia SpA 4.75% 25/05/2018	8,142	0.22
11,500,000	Telecom Italia SpA 4.875% 25/09/2020	13,220	0.36
6,950,000	Telecom Italia SpA 5.125% 25/01/2016	7,227	0.20
9,390,000	Telecom Italia SpA 6.125% 14/12/2018	10,961	0.30
10,660,000	Telecom Italia SpA 7% 20/01/2017	11,890	0.32
7,390,000	Telecom Italia SpA 8.25% 21/03/2016	7,973	0.22
	社債-格付BB
5,850,000	Banca Popolare di Vicenza 3.5% 20/01/2017	6,044	0.16

保有高	投資	公正価値千ユーロ	純資産価額に占める割合 %
5,050,000	Banca Popolare di Vicenza 5% 25/10/2018	5,533	0.15
5,900,000	Iccrea Banca SpA 1.875% 25/11/2019	6,059	0.16
3,050,000	Intesa Sanpaolo SpA 3.928% 15/09/2026	3,373	0.09
12,500,000	Intesa Sanpaolo SpA 5% 23/09/2019	14,102	0.38
9,200,000	Intesa Sanpaolo SpA 5.15% 16/07/2020	10,521	0.29
17,639,000	Intesa Sanpaolo SpA 6.625% 13/09/2023	22,793	0.62
8,750,000	Mediobanca SpA 5% 15/11/2020	9,930	0.27
7,000,000	Mediobanca SpA 5.75% 18/04/2023	8,351	0.23
13,800,000	UniCredit SpA 5.75% 26/09/2017	15,360	0.42
9,500,000	UniCredit SpA 6.125% 19/04/2021	11,200	0.30
18,400,000	UniCredit SpA 6.95% 31/10/2022	22,970	0.62
5,843,000	Unipol Gruppo Finanziario SpA 4.375% 05/03/2021	6,593	0.18
4,900,000	Unipol Gruppo Finanziario SpA 5% 11/01/2017	5,236	0.14
	社債-格付BB-
9,700,000	Banco Popolare SC 2.375% 22/01/2018	9,996	0.27
15,200,000	Banco Popolare SC 3.5% 14/03/2019	16,307	0.44
22,300,000	Banco Popolare SC 3.75% 28/01/2016	22,859	0.62
4,200,000	Cerved Group SpA 6.375% 15/01/2020	4,473	0.12
4,600,000	Credito Valtellinese SC 4% 24/07/2015	4,645	0.13
9,350,000	Intesa Sanpaolo SpA 6.625% 08/05/2018	10,519	0.28
3,679,000	IVS F. S.p.A 7.125% 01/04/2020	3,863	0.10
4,441,000	Salini Costruttori SpA 6.125% 01/08/2018	4,994	0.14
8,800,000	UniCredit SpA 3.95% 01/02/2016	9,010	0.24
9,350,000	UniCredit SpA 6.7% 05/06/2018	10,589	0.29
	社債-格付BB-/*-
4,200,000	Veneto Banca SCPA 4% 31/07/2015	4,221	0.11
6,900,000	Veneto Banca SCPA 4% 20/01/2017	7,069	0.19
5,700,000	Veneto Banca SCPA 4% 20/05/2019	5,882	0.16
3,250,000	Veneto Banca SCPA 4.25% 18/01/2016	3,295	0.09
	社債-格付B+
9,075,000	Astaldi SpA 7.125% 01/12/2020	9,733	0.27
12,700,000	Banca Popolare di Milano Scarl 4% 22/01/2016	13,026	0.35
5,650,000	Banca Popolare di Milano Scarl 4.25% 30/01/2019	6,295	0.17
2,500,000	Piaggio & C SpA 4.625% 30/04/2021	2,619	0.07
	社債-格付B+/*-
12,800,000	Banca Monte dei Paschi di Siena SpA 3.625% 01/04/2019	13,532	0.36
9,293,000	Banca Monte dei Paschi di Siena SpA 7.25% 10/07/2015	9,481	0.26
	社債-格付B
3,500,000	Cooperativa Muratori & Cementisti-CMC di Ravenna SC 7.5% 01/08/2021	3,325	0.09
4,000,000	Guala Closures SpA FRN 15/11/2019	4,000	0.11
4,800,000	Manutencoop Facility Management SpA 8.5% 01/08/2020	4,212	0.12

保有高	投資	公正価値千ユーロ	純資産価額に占める割合 %
3,600,000	Rhino Bondco S.P.A 7.25% 15/11/2020	3,816	0.10
4,100,000	Sisal Group SpA 7.25% 30/09/2017	4,038	0.11
	社債-格付B-
5,580,000	Banca Popolare di Milano Scarl 7.125% 01/03/2021	6,672	0.18
3,950,000	Snai SpA 7.625% 15/06/2018	4,073	0.11
4,570,000	TeamSystem Holding SpA 7.375% 15/05/2020	4,799	0.13
	社債-格付CCC+
9,800,000	Banco Popolare SC 6% 05/11/2020	11,032	0.30
3,750,000	Banco Popolare SC 6.375% 31/05/2021	4,317	0.12
	イタリア合計	511,592	13.86

	日本
	社債-格付BB+
9,100,000	SoftBank Corp 4.625% 15/04/2020	9,953	0.27
	日本合計	9,953	0.27

	ジャージー
	社債-格付BB+
3,000,000	Cleopatra Finance Ltd 4.125% 15/02/2020	3,079	0.09
9,235,000	Cleopatra Finance Ltd 4.75% 15/02/2023	9,586	0.26
	社債-格付B+
7,050,000	Avis Budget Finance Plc 6% 01/03/2021	7,477	0.20
	ジャージー合計	20,142	0.55

	カザフスタン
	社債-格付B/*-
5,600,000	Kazkommertsbank JSC 6.875% 13/02/2017	4,816	0.13
	カザフスタン合計	4,816	0.13

	ルクセンブルグ
	社債-格付BBB-
7,950,000	Clariant Finance Luxembourg SA 5.625% 24/01/2017	8,672	0.24
	社債-格付BB+
14,985,000	CNH Industrial Finance Europe SA 2.75% 18/03/2019	15,559	0.42
10,000,000	CNH Industrial Finance Europe SA 2.875% 27/09/2021	10,516	0.28
12,011,000	CNH Industrial Finance Europe SA 5.25% 11/03/2015	12,013	0.33
16,910,000	CNH Industrial Finance Europe SA 6.25% 09/03/2018	19,193	0.52
7,425,000	Dufry Finance SCA 4.5% 15/07/2022	7,926	0.21
4,420,000	FMC Finance VI SA 5.5% 15/07/2016	4,708	0.13
4,580,000	FMC Finance VII SA 5.25% 15/02/2021	5,472	0.15
3,215,000	FMC Finance VIII SA 5.25% 31/07/2019	3,749	0.10
6,470,000	FMC Finance VIII SA 6.5% 15/09/2018	7,651	0.21
2,000,000	Gazprom OAO Via Gaz Capital SA 3.7% 25/07/2018	1,800	0.05
4,000,000	Gazprom OAO Via Gaz Capital SA 3.755% 15/03/2017	3,750	0.10

保有高	投資	公正価値千ユーロ	純資産価額に占める割合 %
2,000,000	Gazprom OAO Via Gaz Capital SA 5.136% 22/03/2017	1,920	0.05
2,000,000	Gazprom OAO Via Gaz Capital SA 6.605% 13/02/2018	2,012	0.05
7,600,000	HeidelbergCement Finance Luxembourg SA 2.25% 12/03/2019	7,984	0.22
4,350,000	HeidelbergCement Finance Luxembourg SA 3.25% 21/10/2020	4,839	0.13
7,410,000	HeidelbergCement Finance Luxembourg SA 3.25% 21/10/2021	8,392	0.23
5,900,000	HeidelbergCement Finance Luxembourg SA 4% 08/03/2016	6,092	0.16
8,350,000	HeidelbergCement Finance Luxembourg SA 5.625% 04/01/2018	9,422	0.25
10,113,000	HeidelbergCement Finance Luxembourg SA 6.5% 03/08/2015	10,353	0.28
8,014,000	HeidelbergCement Finance Luxembourg SA 6.75% 15/12/2015	8,385	0.23
10,625,000	HeidelbergCement Finance Luxembourg SA 7.5% 03/04/2020	13,919	0.38
12,581,000	HeidelbergCement Finance Luxembourg SA 8% 31/01/2017	14,274	0.39
7,736,000	HeidelbergCement Finance Luxembourg SA 8.5% 31/10/2019	10,290	0.28
6,350,000	HeidelbergCement Finance Luxembourg SA 9.5% 15/12/2018	8,343	0.23
	社債-格付BB
9,250,000	ArcelorMittal 2.875% 06/07/2020	9,526	0.26
9,850,000	ArcelorMittal 3% 25/03/2019	10,318	0.28
10,900,000	ArcelorMittal 3.125% 14/01/2022	11,118	0.30
6,450,000	ArcelorMittal 5.75% 29/03/2018	7,224	0.20
14,729,000	ArcelorMittal 5.875% 17/11/2017	16,359	0.44
14,850,000	ArcelorMittal 10.625% 03/06/2016	16,631	0.45
6,950,000	Gestamp Funding Luxembourg SA 5.875% 31/05/2020	7,437	0.20
7,050,000	KION Finance SA 6.75% 15/02/2020	7,596	0.21
25,058,000	Wind Acquisition Finance SA 4% 15/07/2020	25,465	0.69
7,200,000	Wind Acquisition Finance SA FRN 15/07/2020	7,164	0.19
	社債-格付BB-
7,150,000	Altice Financing SA 5.25% 15/02/2023	7,608	0.21
4,300,000	Altice Financing SA 6.5% 15/01/2022	4,660	0.13
10,950,000	Fiat Chrysler Finance Europe 4.75% 22/03/2021	12,505	0.34
12,950,000	Fiat Chrysler Finance Europe 4.75% 15/07/2022	14,935	0.40
9,000,000	Fiat Chrysler Finance Europe 6.375% 01/04/2016	9,486	0.26
13,150,000	Fiat Chrysler Finance Europe 6.625% 15/03/2018	15,037	0.41
12,860,000	Fiat Chrysler Finance Europe 6.75% 14/10/2019	15,527	0.42
7,800,000	Fiat Chrysler Finance Europe 7% 23/03/2017	8,648	0.23
5,500,000	Fiat Chrysler Finance Europe 7.375% 09/07/2018	6,491	0.17
10,010,000	Fiat Chrysler Finance Europe 7.75% 17/10/2016	11,019	0.30
4,650,000	Gategroup Finance Luxembourg SA 6.75% 01/03/2019	4,953	0.13
5,500,000	Xefin Lux SCA FRN 01/06/2019	5,527	0.15

保有高	投資	公正価値千ユーロ	純資産価額に占める割合 %
	社債-格付B+/*+
4,020,000	S&B Minerals Finance SCA / S&B Industrial Minerals North America Inc 9.25% 15/08/2020	4,565	0.12
	社債-格付B+
4,500,000	BMBG Bond Finance SCA FRN 15/10/2020	4,545	0.13
3,200,000	Bormioli Rocco Holdings SA 10% 01/08/2018	3,016	0.08
12,813,000	Cirsa Funding Luxembourg SA 8.75% 15/05/2018	13,197	0.36
4,250,000	ConvaTec Healthcare E SA 7.375% 15/12/2017	4,415	0.12
4,450,000	Matterhorn Mobile SA FRN 15/05/2019	4,467	0.12
4,700,000	Servus Luxembourg Holding SCA 7.75% 15/06/2018	4,027	0.11
4,230,000	Telenet Finance III Luxembourg SCA 6.625% 15/02/2021	4,520	0.12
5,760,000	Telenet Finance IV Luxembourg SCA FRN 15/06/2021	5,796	0.16
6,720,000	Telenet Finance Luxembourg SCA 6.375% 15/11/2020	7,094	0.19
6,800,000	Telenet Finance V Luxembourg SCA 6.25% 15/08/2022	7,412	0.20
	社債-格付B+/*-
3,700,000	Intralot Capital Luxembourg SA 6% 15/05/2021	3,524	0.09
4,750,000	Intralot Finance Luxembourg SA 9.75% 15/08/2018	5,047	0.14
	社債-格付B
4,050,000	Aldesa Financial Services SA 7.25% 01/04/2021	3,564	0.10
10,825,000	Altice SA 6.25% 15/02/2025	11,042	0.30
29,550,000	Altice SA 7.25% 15/05/2022	31,249	0.85
4,670,000	Befesa Zinc SAU Via Zinc Capital SA 8.875% 15/05/2018	4,898	0.13
3,380,000	ConvaTec Healthcare E SA 10.875% 15/12/2018	3,587	0.10
2,850,000	Galapagos SA FRN 15/06/2021	2,825	0.08
4,950,000	GCS Holdco Finance I SA 6.5% 15/11/2018	5,210	0.14
4,650,000	Geo Debt Finance SCA 7.5% 01/08/2018	4,232	0.11
5,142,000	Lecta SA FRN 15/05/2018	5,026	0.13
4,150,000	Magnolia BC SA 9% 01/08/2020	4,347	0.12
9,050,000	Play Finance 2 SA 5.25% 01/02/2019	9,480	0.26
21,800,000	Wind Acquisition Finance SA 7% 23/04/2021	23,108	0.62
	社債-格付B-
3,700,000	Altice Finco SA 9% 15/06/2023	4,292	0.12
3,800,000	Findus Bondco SA 9.125% 01/07/2018	4,058	0.11
8,906,000	INEOS Group Holdings SA 5.75% 15/02/2019	9,229	0.25
7,250,000	INEOS Group Holdings SA 6.5% 15/08/2018	7,522	0.20
4,280,000	PagesJaunes Finance & Co SCA 8.875% 01/06/2018	4,301	0.12
5,825,000	Picard Bondco SA 7.75% 01/02/2020	5,993	0.16
	社債-格付CCC+
4,700,000	Galapagos Holding SA 7% 15/06/2022	4,441	0.12

保有高	投資	公正価値千ユーロ	純資産価額に占める割合 %
3,900,000	Play Finance 1 SA 6.5% 01/08/2019	4,154	0.11
	社債-格付CCC
1,000,000	Paper Funding SA 11.75% 15/12/2019	1,060	0.03
4,920,000	Takko Luxembourg 2 SCA 9.875% 15/04/2019	1,796	0.05
	社債-格付NR
5,000,000	Espirito Santo Financial Group SA 6.875% 21/10/2019	100	0.00
	ルクセンブルグ合計	669,607	18.14

	メキシコ
	社債-格付B+
1,325,000	Cemex SAB de CV 4.375% 05/03/2023	1,325	0.03
5,600,000	Cemex SAB de CV 4.75% 11/01/2022	5,761	0.16
	メキシコ合計	7,086	0.19

	オランダ
	社債-格付BBB-
9,100,000	General Motors Financial International BV 0.85% 23/02/2018	9,119	0.25
6,941,000	General Motors Financial International BV 1.875% 15/10/2019	7,225	0.19
4,000,000	Petrobras Global Finance BV 2.75% 15/01/2018	3,585	0.10
2,000,000	Petrobras Global Finance BV 3.25% 01/04/2019	1,773	0.05
2,000,000	Petrobras Global Finance BV 3.75% 14/01/2021	1,737	0.05
1,600,000	Petrobras Global Finance BV 4.75% 14/01/2025	1,392	0.04
4,000,000	Petrobras Global Finance BV 4.875% 07/03/2018	3,780	0.10
2,000,000	Petrobras Global Finance BV 5.875% 07/03/2022	1,919	0.05
	社債-格付BB+
7,600,000	EDP Finance BV 2.625% 15/04/2019	8,098	0.22
12,618,000	EDP Finance BV 2.625% 18/01/2022	13,602	0.37
9,350,000	EDP Finance BV 3.25% 16/03/2015	9,357	0.25
6,775,000	EDP Finance BV 3.75% 22/06/2015	6,836	0.18
7,500,000	EDP Finance BV 4.125% 20/01/2021	8,689	0.23
6,550,000	EDP Finance BV 4.625% 13/06/2016	6,881	0.19
12,820,000	EDP Finance BV 4.75% 26/09/2016	13,631	0.37
8,846,000	EDP Finance BV 4.875% 14/09/2020	10,562	0.29
9,000,000	EDP Finance BV 5.75% 21/09/2017	10,120	0.27
10,100,000	EDP Finance BV 5.875% 01/02/2016	10,585	0.29
3,837,000	Fresenius Finance BV 2.375% 01/02/2019	4,073	0.11
6,006,000	Fresenius Finance BV 2.875% 15/07/2020	6,554	0.18
7,450,000	Fresenius Finance BV 3% 01/02/2021	8,159	0.22
5,590,000	Fresenius Finance BV 4% 01/02/2024	6,589	0.18

保有高	投資	公正価値千ユーロ	純資産価額に占める割合 %
7,840,000	Fresenius Finance BV 4.25% 15/04/2019	8,863	0.24
11,665,000	GMAC International Finance BV 7.5% 21/04/2015	11,756	0.32
4,320,000	OI European Group BV 4.875% 31/03/2021	4,871	0.13
7,985,000	OI European Group BV 6.75% 15/09/2020	9,702	0.26
2,400,000	Portugal Telecom International Finance BV 4.375% 24/03/2017	2,468	0.07
300,000	Portugal Telecom International Finance BV 4.5% 16/06/2025	294	0.01
15,273,000	Portugal Telecom International Finance BV 4.625% 08/05/2020	15,311	0.41
9,450,000	Portugal Telecom International Finance BV 5% 04/11/2019	9,851	0.27
12,500,000	Portugal Telecom International Finance BV 5.875% 17/04/2018	13,251	0.36
6,500,000	Samvardhana Motherson Automotive Systems Group BV 4.125% 15/07/2021	6,703	0.18
	社債-格付BB
4,010,000	Goodyear Dunlop Tires Europe BV 6.75% 15/04/2019	4,171	0.11
4,668,000	Phoenix PIB Dutch Finance BV 3.125% 27/05/2020	4,848	0.13
4,000,000	Phoenix PIB Dutch Finance BV 3.625% 30/07/2021	4,198	0.11
6,200,000	Royal Bank of Scotland NV FRN 08/06/2015	6,181	0.17
14,280,000	ThyssenKrupp Finance Nederland BV 8.5% 25/02/2016	15,331	0.42
	社債-格付BB-
5,500,000	Grupo Antolin Dutch BV 4.75% 01/04/2021	5,803	0.16
7,150,000	Schaeffler Finance BV 2.75% 15/05/2019	7,329	0.20
6,900,000	Schaeffler Finance BV 3.5% 15/05/2022	7,264	0.20
9,400,000	Schaeffler Finance BV 4.25% 15/05/2018	9,635	0.26
11,250,000	Schaeffler Finance BV 7.75% 15/02/2017	12,603	0.34
9,700,000	Ziggo Secured Finance BV 3.75% 15/01/2025	10,015	0.27
	社債-格付B+
6,400,000	Cable Communications Systems NV 7.5% 01/11/2020	6,768	0.18
3,450,000	Carlson Wagonlit BV 7.5% 15/06/2019	3,682	0.10
3,700,000	Frigoglass Finance BV 8.25% 15/05/2018	2,997	0.08
4,600,000	Hema Bondco I BV 6.25% 15/06/2019	3,806	0.10
3,100,000	Hema Bondco I BV FRN 15/06/2019	2,372	0.07
7,350,000	InterXion Holding NV 6% 15/07/2020	7,864	0.21
4,390,000	Refresco Gerber BV 7.375% 15/05/2018	4,584	0.13
3,800,000	Refresco Gerber BV FRN 15/05/2018	3,805	0.10
4,809,000	Selecta Group BV 6.5% 15/06/2020	4,785	0.13
	社債-格付B
3,800,000	Constellium NV 4.625% 15/05/2021	3,629	0.10

保有高	投資	公正価値千ユーロ	純資産価額に占める割合 %
12,429,000	Grupo Isolux Corsan Finance BV 6.625% 15/04/2021	11,404	0.31
6,650,000	Hertz Holdings Netherlands BV 4.375% 15/01/2019	6,750	0.18
10,700,000	LGE HoldCo VI BV 7.125% 15/05/2024	12,278	0.33
7,100,000	Schaeffler Finance BV 3.25% 15/05/2019	7,313	0.20
6,050,000	TMF Group Holding BV FRN 01/12/2018	6,133	0.17
6,600,000	United Group BV 7.875% 15/11/2020	7,095	0.19
8,300,000	UPC Holding BV 6.375% 15/09/2022	9,047	0.25
6,970,000	UPC Holding BV 6.75% 15/03/2023	7,737	0.21
5,416,000	Ziggo Bond Finance BV 4.625% 15/01/2025	5,700	0.15
	社債-格付B-
5,000,000	Nyrstar Netherlands Holdings BV 8.5% 15/09/2019	5,150	0.14
3,600,000	PortAventura Entertainment Barcelona BV 7.25% 01/12/2020	3,807	0.10
	社債-格付CCC+
3,600,000	Univeg Holding BV 7.875% 15/11/2020	3,654	0.10
	社債-格付CCC
3,580,000	Stork Technical Services Holdco BV 11% 15/08/2017	3,079	0.08
	オランダ合計	458,153	12.41

	ノルウェー
	社債-格付BB-
9,050,000	Lock AS 7% 15/08/2021	9,593	0.26
3,900,000	Lock AS FRN 15/08/2020	3,880	0.10
	社債-格付B
1,800,000	Silk Bidco AS 7.5% 01/02/2022	1,868	0.05
	社債-格付B-
3,500,000	Lock Lower Holding AS 9.5% 15/08/2022	3,693	0.10
	社債-格付D
3,975,000	Norske Skogindustrier ASA 7% 26/06/2017	2,564	0.07
	ノルウェー合計	21,598	0.58

	ポルトガル
	社債-格付BB
4,900,000	Portucel SA 5.375% 15/05/2020	5,292	0.14
	社債-格付BB-
6,600,000	Caixa Geral de Depositos SA 5.625% 04/12/2015	6,830	0.18
5,500,000	Caixa Geral de Depositos SA 8% 28/09/2015	5,723	0.16
	社債-格付B+
7,100,000	Banco Comercial Portugues SA 3.375% 27/02/2017	7,242	0.20
	社債-格付B-/*-
11,400,000	Novo Banco SA 2.625% 08/05/2017	11,182	0.30
10,600,000	Novo Banco SA 4% 21/01/2019	10,919	0.30
7,900,000	Novo Banco SA 4.75% 15/01/2018	8,206	0.22
11,100,000	Novo Banco SA 5.875% 09/11/2015	11,291	0.31
	ポルトガル合計	66,685	1.81

保有高	投資	公正価値千ユーロ	純資産価額に占める割合 %
	スロベニア
	社債-格付BB
4,950,000	Telekom Slovenije DD 4.875% 21/12/2016	5,236	0.14
	社債-格付BB-
3,700,000	Nova Ljubljanska Banka dd 2.875% 03/07/2017	3,684	0.10
	スロベニア合計	8,920	0.24

	南アフリカ
	社債-格付B-
3,450,000	Edcon Ltd 9.5% 01/03/2018	2,863	0.07
4,850,000	Edcon Ltd 9.5% 01/03/2018	3,977	0.11
	社債-格付CCC-
5,650,000	Edcon Holdings Ltd 13.375% 30/06/2019	1,780	0.05
	南アフリカ合計	8,620	0.23

	スペイン
	社債-格付BB+
9,000,000	Banco de Sabadell SA 2.5% 05/12/2016	9,279	0.25
6,509,000	Campofrio Food Group SA 8.25% 31/10/2016	6,672	0.18
	社債-格付BB
14,300,000	Bankia SA 3.5% 17/01/2019	15,526	0.42
6,400,000	Bankia SA FRN 25/01/2016	6,355	0.17
3,600,000	Bankinter SA 6.375% 11/09/2019	4,225	0.12
	社債-格付BB-
4,350,000	Almirall SA 4.625% 01/04/2021	4,631	0.13
8,400,000	BPE Financiaciones SA 2% 03/02/2020	8,524	0.23
9,400,000	BPE Financiaciones SA 2.5% 01/02/2017	9,653	0.26
10,800,000	BPE Financiaciones SA 2.875% 19/05/2016	11,046	0.30
13,500,000	BPE Financiaciones SA 4% 17/07/2015	13,660	0.37
3,350,000	Ence Energia y Celulosa S.A 7.25% 15/02/2020	3,609	0.10
	社債-格付B+
9,100,000	Bankia SA 4.375% 14/02/2017	9,717	0.26
5,600,000	Obrascon Huarte Lain SA 4.75% 15/03/2022	5,460	0.15
4,800,000	Obrascon Huarte Lain SA 7.625% 15/03/2020	5,040	0.14
5,730,000	Obrascon Huarte Lain SA 8.75% 15/03/2018	5,959	0.16
	社債-格付B
7,705,000	Abengoa Finance SAU 6% 31/03/2021	7,320	0.20
7,751,000	Abengoa Finance SAU 8.875% 05/02/2018	8,197	0.22
3,700,000	Abengoa Greenfield SA 5.5% 01/10/2019	3,524	0.10
7,150,000	Abengoa SA 8.5% 31/03/2016	7,525	0.20
6,200,000	Banco de Sabadell SA 6.25% 26/04/2020	7,146	0.19
3,900,000	NH Hotel Group SA 6.875% 15/11/2019	4,368	0.12
	スペイン合計	157,436	4.27

保有高	投資	公正価値千ユーロ	純資産価額に占める割合 %
	スウェーデン
	社債-格付BB
4,400,000	Stena AB 6.125% 01/02/2017	4,633	0.12
5,800,000	Synthos Finance AB 4% 30/09/2021	5,800	0.16
	社債-格付BB-
4,800,000	SSAB AB 3.875% 10/04/2019	4,821	0.13
	社債-格付B+
8,533,000	Eileme 2 AB 11.75% 31/01/2020	9,749	0.27
6,000,000	TVN Finance Corp III AB 7.375% 15/12/2020	6,720	0.18
	社債-格付B
3,700,000	Ovako AB 6.5% 01/06/2019	3,755	0.10
4,500,000	Unilabs Subholding AB 8.5% 15/07/2018	4,714	0.13
7,175,000	Verisure Holding AB 8.75% 01/09/2018	7,677	0.21
	社債-格付CCC+
3,750,000	Perstorp Holding AB 9% 15/05/2017	3,859	0.10
4,050,000	Verisure Holding AB 8.75% 01/12/2018	4,323	0.12
	スウェーデン合計	56,051	1.52

	トルコ
	社債-格付BB+
4,600,000	Arcelik AS 3.875% 16/09/2021	4,623	0.13
	トルコ合計	4,623	0.13

	イギリス
	社債-格付BB+
4,600,000	International Personal Finance Plc 5.75% 07/04/2021	4,517	0.12
11,050,000	Royal Bank of Scotland Plc 4.35% 23/01/2017	11,640	0.31
29,760,000	Royal Bank of Scotland Plc 6.934% 09/04/2018	34,294	0.93
7,250,000	Tesco Corporate Treasury Services Plc 1.25% 13/11/2017	7,242	0.20
17,870,000	Tesco Corporate Treasury Services Plc 1.375% 01/07/2019	17,634	0.48
7,500,000	Tesco Corporate Treasury Services Plc 2.125% 12/11/2020	7,597	0.21
10,800,000	Tesco Corporate Treasury Services Plc 2.5% 01/07/2024	10,844	0.29
11,125,000	Tesco Plc 3.375% 02/11/2018	11,833	0.32
	社債-格付BB
4,075,000	Titan Global Finance Plc 4.25% 10/07/2019	4,014	0.11
	社債-格付BB-/*-
10,244,000	OTE Plc 3.5% 09/07/2020	9,885	0.26
10,100,000	OTE Plc 4.625% 20/05/2016	10,282	0.28
9,100,000	OTE Plc 7.875% 07/02/2018	9,908	0.27
	社債-格付B+
3,900,000	Boparan Finance Plc 4.375% 15/07/2021	3,627	0.10
	社債-格付B
4,310,000	Algeco Scotsman Global Finance Plc 9% 15/10/2018	4,353	0.12
4,650,000	EC Finance Plc 5.125% 15/07/2021	4,918	0.13
4,250,000	Eco-Bat Finance Plc 7.75% 15/02/2017	4,080	0.11

保有高	投資	公正価値千ユーロ	純資産価額に占める割合 %
7,456,000	Iglo Foods Bondco Plc FRN 15/06/2020	7,419	0.20
4,600,000	Innovia Group Finance Plc FRN 31/03/2020	4,370	0.12
6,200,000	Thomas Cook Finance Plc 6.75% 15/06/2021	6,448	0.17
7,432,000	Thomas Cook Finance Plc 7.75% 15/06/2020	7,952	0.22
7,575,000	Virgin Media Finance Plc 4.5% 15/01/2025	8,086	0.22
3,950,000	Vougeot Bidco Plc FRN 15/07/2020	3,960	0.11
	社債-格付B-
10,998,000	Kerling Plc 10.625% 01/02/2017	11,135	0.30
	社債-格付B-/*-
6,850,000	Public Power Corp Finance Plc 5.5% 01/05/2019	5,552	0.15
	社債-格付CCC+/*-
6,900,000	Alpha Credit Group Plc 3.375% 17/06/2017	5,623	0.15
6,190,000	ERB Hellas Plc 4.25% 26/06/2018	4,634	0.13
6,950,000	Piraeus Group Finance Plc 5% 27/03/2017	5,560	0.15
	社債-格付CCC
7,600,000	Co-Operative Bank Plc 2.375% 23/10/2015	7,458	0.20
	社債-格付CCC/*-
10,450,000	NBG Finance Plc 4.375% 30/04/2019	7,576	0.21
	イギリス合計	242,441	6.57

	米国
	社債-格付BB+
3,800,000	Celanese US Holdings LLC 3.25% 15/10/2019	3,981	0.11
4,300,000	Chesapeake Energy Corp 6.25% 15/01/2017	4,548	0.12
4,475,000	Fresenius US Finance II Inc 8.75% 15/07/2015	4,609	0.13
	社債-格付BB
4,650,000	Jarden Corp 3.75% 01/10/2021	4,946	0.13
	社債-格付BB-
9,250,000	Fiat Finance North America Inc 5.625% 12/06/2017	10,070	0.27
	社債-格付B+
2,950,000	Axalta Coating Systems US Holdings Inc / Axalta Coating Systems Dutch Holding B 5.75% 01/02/2021	3,164	0.09
7,000,000	Belden Inc 5.5% 15/04/2023	7,508	0.20
5,270,000	Cemex Finance LLC 5.25% 01/04/2021	5,507	0.15
6,250,000	Huntsman International LLC 5.125% 15/04/2021	6,703	0.18
	社債-格付B
4,600,000	PSPC Escrow Corp 6% 01/02/2023	4,660	0.13
	社債-格付B-
3,000,000	Infor US Inc 10% 01/04/2019	3,225	0.09
	米国合計	58,921	1.60
	債券合計	3,550,176	96.18

保有高	投資	公正価値千ユーロ	純資産価額に占める割合 %
	UCITS集団投資スキーム
	アイルランド
247,976,651	Institutional Cash Series Plc - Institutional Euro Liquidity Fund*	247,977	6.72
	アイルランド合計	247,977	6.72
	UCITS集団投資スキーム合計	247,977	6.72

	投資価額合計	3,798,153	102.90
	現金†	15,771	0.43
	その他の純負債	(122,868)	(3.33)
	償還可能投資証券保有者に帰属する純資産価額、期末現在	3,691,056	100.00

† 実質的にすべての現金ポジションはステート・ストリート・バンク・アンド・トラスト・カンパニーで保有しています。
* 関係法人への投資

有価証券報告書(内国投資信託受益証券)-第7期(平成26年8月12日-平成27年8月10日)

開示資料

決算