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exchangeRt="0.9176"/><valUSD>8789501</valUSD><pctVal>0.0232</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Roche Holding AG</name><lei>549300U41AUUVOAAOB37</lei><title>Roche Holding AG</title><cusip>H69293217</cusip><identifiers><isin value="CH0012032048"/><ticker value="ROG"/><other otherDesc="7110388" value="Sedol"/></identifiers><balance>50438</balance><units>NS</units><currencyConditional curCd="CHF" 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ASA</title><cusip>R2326D113</cusip><identifiers><isin value="NO0003054108"/><ticker value="MOWI"/><other otherDesc="B02L486" value="Sedol"/></identifiers><balance>376214</balance><units>NS</units><currencyConditional curCd="NOK" exchangeRt="9.0945"/><valUSD>8682975</valUSD><pctVal>0.0229</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>NO</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>LANXESS AG</name><lei>529900PTLRE72EMYIJ77</lei><title>LANXESS AG</title><cusip>D5032B102</cusip><identifiers><isin value="DE0005470405"/><ticker value="LXS"/><other otherDesc="B05M8B7" value="Sedol"/></identifiers><balance>130795</balance><units>NS</units><currencyConditional curCd="EUR" 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exchangeRt="0.9176"/><valUSD>4743217</valUSD><pctVal>0.0125</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FI</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Koninklijke DSM NV</name><lei>724500SNT1MK246AHP04</lei><title>Koninklijke DSM NV</title><cusip>N5017D122</cusip><identifiers><isin value="NL0000009827"/><ticker value="DSM"/><other otherDesc="B0HZL93" value="Sedol"/></identifiers><balance>62017</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.9176"/><valUSD>7461505</valUSD><pctVal>0.0197</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>NL</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Mondi PLC</name><lei>213800LOZA69QFDC9N34</lei><title>Mondi PLC</title><cusip>G6258S107</cusip><identifiers><isin value="GB00B1CRLC47"/><ticker value="MNDI"/><other otherDesc="B1CRLC4" value="Sedol"/></identifiers><balance>388102</balance><units>NS</units><currencyConditional curCd="GBP" 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issuerCat="OTHER"/><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><derivativeInfo><optionSwaptionWarrantDeriv derivCat="OPT"><counterparties><counterpartyName>Citibank, National Association</counterpartyName><counterpartyLei>E57ODZWZ7FF32TWEFA76</counterpartyLei></counterparties><putOrCall>Put</putOrCall><writtenOrPur>Written</writtenOrPur><descRefInstrmnt><otherRefInst><issuerName>EURO STOXX Banks Price EUR</issuerName><issueTitle>EURO STOXX Banks Price EUR</issueTitle><identifiers><isin value="EU0009658426"/><ticker value="SX7E"/></identifiers></otherRefInst></descRefInstrmnt><shareNo>50</shareNo><exercisePrice>75</exercisePrice><exercisePriceCurCd>EUR</exercisePriceCurCd><expDt>2019-12-20</expDt><delta>XXXX</delta><unrealizedAppr>37509</unrealizedAppr></optionSwaptionWarrantDeriv></derivativeInfo><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec></invstOrSecs><signature><ncom:dateSigned>2019-11-14</ncom:dateSigned><ncom:nameOfApplicant>JESPER NERGAARD</ncom:nameOfApplicant><ncom:signature>JESPER NERGAARD</ncom:signature><ncom:signerName>JESPER NERGAARD</ncom:signerName><ncom:title>VP, CFO, TREASURER, AND PRINCIPAL ACCOUNTING OFFICER</ncom:title></signature></nport:formData></nport:edgarSubmission>
