# Allianz Vermögenskonzept SRI Ausgewogen
Investment Portfolio as at 30/09/2021
| ISIN | Securities | Shares/ Currency (in 1,000)/ Contracts | Holdings 30/09/2021 | Price | Market Value in EUR | % of Subfund assets |
| --- | --- | --- | --- | --- | --- | --- |
| Securities and money-market instruments admitted to an official stock exchange listing |  |  |  |  | 173,477,769.58 | 88.39 |
| Equities |  |  |  |  | 102,509,534.18 | 52.23 |
| Australia |  |  |  |  | 373,796.82 | 0.19 |
| AU000000ANN9  Ansell | Shs | 8,300 | AUD | 34.200 | 176,198.77 | 0.09 |
| AU000000NCM7 Newcrest Mining | Shs | 9,060 | AUD | 22.640 | 127,321.95 | 0.06 |
| AU0000009789	Pendal Group | Shs | 13,690 | AUD | 8.270 | 70,276.10 | 0.04 |
| Belgium |  |  |  |  | 531,687.84 | 0.27 |
| BE0974293251	Anheuser-Busch InBev | Shs | 2,358 | EUR | 49.865 | 117,581.67 | 0.06 |
| BE0974258874	Bekaert | Shs | 1,287 | EUR | 35.980 | 46,306.26 | 0.02 |
| BE0974268972	bpost | Shs | 2,465 | EUR | 7.700 | 18,980.50 | 0.01 |
| BE0003797140	Groupe Bruxelles Lambert | Shs | 1,623 | EUR | 95.340 | 154,736.82 | 0.08 |
| BE0003810273	Proximus | Shs | 7,097 | EUR | 17.170 | 121,855.49 | 0.06 |
| BE0974320526	Umicore | Shs | 1,419 | EUR | 50.900 | 72,227.10 | 0.04 |
| Denmark |  |  |  |  | 4,678,926.74 | 2.38 |
| DK0010244508	AP Møller - Maersk -B- | Shs | 126 | DKK | 18,125.000 | 307,112.92 | 0.15 |
| DK0010181759	Carlsberg -B- | Shs | 3,770 | DKK | 1,050.500 | 532,582.55 | 0.27 |
| DK0060448595	Coloplast -B- | Shs | 2,718 | DKK | 1,023.500 | 374,099.24 | 0.19 |
| DK0060079531	DSV Panalpina | Shs | 1,142 | DKK | 1,552.500 | 238,422.50 | 0.12 |
| DK0060534915	Novo Nordisk -B- | Shs | 21,683 | DKK | 624.800 | 1,821,838.67 | 0.93 |
| DK0060094928	Orsted | Shs | 6,094 | DKK | 863.200 | 707,397.32 | 0.36 |
| DK0060252690	Pandora | Shs | 2,663 | DKK | 805.200 | 288,352.99 | 0.15 |
| DK0010219153	ROCKWOOL International -B- | Shs | 102 | DKK | 2,758.000 | 37,830.66 | 0.02 |
| DK0060636678	Tryg | Shs | 3,860 | DKK | 145.650 | 75,604.44 | 0.04 |
| DK0061539921	Vestas Wind Systems | Shs | 8,291 | DKK | 265.200 | 295,685.45 | 0.15 |
| Germany |  |  |  |  | 9,175,835.55 | 4.67 |
| DE000A1EWWW0 adidas | Shs | 1,956 | EUR | 274.700 | 537,313.20 | 0.27 |
| DE0006766504	Aurubis | Shs | 2,326 | EUR | 64.860 | 150,864.36 | 0.08 |
| DE000BASF111  BASF | Shs | 6,939 | EUR | 66.220 | 459,500.58 | 0.23 |
| DE0005190003	Bayerische Motoren Werke | Shs | 11,027 | EUR | 84.150 | 927,922.05 | 0.47 |
| DE0005158703	Bechtle | Shs | 669 | EUR | 59.780 | 39,992.82 | 0.02 |
| DE000A1DAHH0  Brenntag | Shs | 1,841 | EUR | 80.320 | 147,869.12 | 0.08 |
| DE0005419105	CANCOM | Shs | 1,894 | EUR | 51.780 | 98,071.32 | 0.05 |
| DE0006062144	Covestro | Shs | 7,280 | EUR | 60.060 | 437,236.80 | 0.22 |
| DE0007100000	Daimler | Shs | 9,029 | EUR | 77.580 | 700,469.82 | 0.36 |
| DE0005810055	Deutsche Börse | Shs | 2,566 | EUR | 141.050 | 361,934.30 | 0.18 |
| DE0008232125	Deutsche Lufthansa | Shs | 11,905 | EUR | 5.997 | 71,394.29 | 0.04 |
| DE0008019001	Deutsche Pfandbriefbank | Shs | 4,702 | EUR | 9.786 | 46,013.77 | 0.02 |
| DE0005552004	Deutsche Post | Shs | 15,476 | EUR | 54.640 | 845,608.64 | 0.43 |
| DE0005557508	Deutsche Telekom | Shs | 5,235 | EUR | 17.526 | 91,748.61 | 0.05 |
| DE000ENAG999  E.ON | Shs | 24,334 | EUR | 10.620 | 258,427.08 | 0.13 |
| DE0005773303	Fraport Frankfurt Airport Services Worldwide | Shs | 2,253 | EUR | 60.660 | 136,666.98 | 0.07 |
| DE0005785604	Fresenius | Shs | 766 | EUR | 41.685 | 31,930.71 | 0.02 |
| DE0006047004	HeidelbergCement | Shs | 3,735 | EUR | 65.320 | 243,970.20 | 0.12 |
| DE000A161408	HelloFresh | Shs | 2,462 | EUR | 80.380 | 197,895.56 | 0.10 |
| DE0006231004	Infineon Technologies | Shs | 10,437 | EUR | 35.575 | 371,296.28 | 0.19 |
| DE000LEG1110	LEG Immobilien | Shs | 1,841 | EUR | 125.000 | 230,125.00 | 0.12 |
| DE0006599905	Merck | Shs | 2,603 | EUR | 188.100 | 489,624.30 | 0.25 |
| DE0008430026	Münchener Rückversicherungs-Gesellschaft | Shs | 493 | EUR | 239.200 | 117,925.60 | 0.06 |
| DE0007164600	SAP | Shs | 9,850 | EUR | 118.380 | 1,166,043.00 | 0.59 |
| DE0007165631	Sartorius | Shs | 436 | EUR | 550.000 | 239,800.00 | 0.12 |
| DE0007236101	Siemens | Shs | 3,458 | EUR | 143.320 | 495,600.56 | 0.25 |
| DE0007664005	Volkswagen | Shs | 759 | EUR | 272.200 | 206,599.80 | 0.11 |
| DE000ZAL1111	Zalando | Shs | 930 | EUR | 79.560 | 73,990.80 | 0.04 |
| Finland |  |  |  |  | 802,914.86 | 0.41 |
| FI0009000202	Kesko -B- | Shs | 15,446 | EUR | 30.110 | 465,079.06 | 0.24 |
| FI0009013296	Neste | Shs | 3,557 | EUR | 49.180 | 174,933.26 | 0.09 |
| FI0009000681	Nokia | Shs | 5,638 | EUR | 4.804 | 27,082.13 | 0.01 |

Investment Portfolio as at 30/09/2021
| ISIN | Securities | Shares/ Currency (in 1,000)/ Contracts | Holdings 30/09/2021 | Price | Market Value in EUR | % of Subfund assets |
| --- | --- | --- | --- | --- | --- | --- |
| FI4000297767 | Nordea Bank | Shs | 4,676  SEK | 113.920 | 52,235.91 | 0.03 |
| FI0009005987 | UPM-Kymmene | Shs | 2,705  EUR | 30.900 | 83,584.50 | 0.04 |
| France |  |  |  |  | 10,461,039.76 | 5.33 |
| FR0000120404 | Accor | Shs | 1,871  EUR | 31.890 | 59,666.19 | 0.03 |
| FR0000120073 | Air Liquide | Shs | 3,384  EUR | 139.720 | 472,812.48 | 0.24 |
| FR0000051732 | Atos | Shs | 1,117  EUR | 45.720 | 51,069.24 | 0.03 |
| FR0000120628 | AXA | Shs | 25,207  EUR | 24.170 | 609,253.19 | 0.31 |
| FR0000131104 | BNP Paribas | Shs | 16,721  EUR | 55.660 | 930,690.86 | 0.47 |
| FR0000120503 | Bouygues | Shs | 2,803  EUR | 36.400 | 102,029.20 | 0.05 |
| FR0000120172 | Carrefour | Shs | 13,289  EUR | 15.840 | 210,497.76 | 0.11 |
| FR0000120222 | CNP Assurances | Shs | 19,839  EUR | 13.750 | 272,786.25 | 0.14 |
| FR0000125007 | Compagnie de Saint-Gobain | Shs | 6,993  EUR | 59.570 | 416,573.01 | 0.21 |
| FR0000121261 | Compagnie Générale des Etablissements Michelin | Shs | 4,210  EUR | 133.500 | 562,035.00 | 0.29 |
| FR0000045072 | Crédit Agricole | Shs | 6,622  EUR | 11.994 | 79,424.27 | 0.04 |
| FR0000120644 | Danone | Shs | 2,358  EUR | 59.850 | 141,126.30 | 0.07 |
| FR0014003TT8 | Dassault Systèmes | Shs | 945  EUR | 45.965 | 43,436.93 | 0.02 |
| FR0000053381 | Derichebourg | Shs | 2,179  EUR | 10.150 | 22,116.85 | 0.01 |
| FR0000130452 | Eiffage | Shs | 917  EUR | 88.380 | 81,044.46 | 0.04 |
| FR0000121667 | EssilorLuxottica | Shs | 1,205  EUR | 169.320 | 204,030.60 | 0.10 |
| FR0010221234 | Eutelsat Communications | Shs | 16,799  EUR | 11.780 | 197,892.22 | 0.10 |
| FR0000052292 | Hermès International | Shs | 172  EUR | 1,216.000 | 209,152.00 | 0.11 |
| FR0000121485 | Kering | Shs | 696  EUR | 622.100 | 432,981.60 | 0.22 |
| FR0010386334 | Korian | Shs | 1,977  EUR | 30.360 | 60,021.72 | 0.03 |
| FR0000120321 | L’Oréal | Shs | 3,645  EUR | 364.250 | 1,327,691.25 | 0.68 |
| FR0000121014 | LVMH Louis Vuitton Moët Hennessy | Shs | 540  EUR | 630.300 | 340,362.00 | 0.17 |
| FR0010112524 | Nexity | Shs | 801  EUR | 41.420 | 33,177.42 | 0.02 |
| FR0000133308 | Orange | Shs | 4,028  EUR | 9.363 | 37,714.16 | 0.02 |
| FR0000130577 | Publicis Groupe | Shs | 4,037  EUR | 58.960 | 238,021.52 | 0.12 |
| FR0000131906 | Renault | Shs | 2,096  EUR | 31.170 | 65,332.32 | 0.03 |
| FR0010451203 | Rexel | Shs | 4,085  EUR | 16.890 | 68,995.65 | 0.04 |
| FR0000120578 | Sanofi | Shs | 3,807  EUR | 84.460 | 321,539.22 | 0.16 |
| FR0013154002 | Sartorius Stedim Biotech | Shs | 288  EUR | 487.500 | 140,400.00 | 0.07 |
| FR0000121972 | Schneider Electric | Shs | 8,123  EUR | 144.020 | 1,169,874.46 | 0.60 |
| FR0000130809 | Société Générale | Shs | 24,801  EUR | 27.370 | 678,803.37 | 0.35 |
| FR0010613471 | Suez | Shs | 1,332  EUR | 19.680 | 26,213.76 | 0.01 |
| FR0000051807 | Teleperformance | Shs | 1,123  EUR | 344.300 | 386,648.90 | 0.20 |
| FR0000120271 | TotalEnergies | Shs | 11,241  EUR | 41.600 | 467,625.60 | 0.24 |
| Ireland |  |  |  |  | 909,879.00 | 0.46 |
| IE00B4BNMY34 | Accenture -A- | Shs | 2,322 USD | 323.530 | 647,339.13 | 0.33 |
| IE0001827041 | CRH | Shs | 2,247 GBP | 35.510 | 92,400.81 | 0.05 |
| IE0004927939 | Kingspan Group | Shs | 1,989  EUR | 85.540 | 170,139.06 | 0.08 |
| Italy |  |  |  |  | 2,377,280.01 | 1.21 |
| IT0001233417 | A2A | Shs | 112,812  EUR | 1.803 | 203,343.63 | 0.10 |
| IT0001207098 | ACEA | Shs | 1,726  EUR | 18.570 | 32,051.82 | 0.02 |
| IT0000062072 | Assicurazioni Generali | Shs | 24,152  EUR | 18.580 | 448,744.16 | 0.23 |
| IT0003115950 | De’ Longhi | Shs | 863  EUR | 31.540 | 27,219.02 | 0.01 |
| IT0003128367 | Enel | Shs | 50,514  EUR | 6.754 | 341,171.56 | 0.17 |
| IT0000072170 | FinecoBank Banca Fineco | Shs | 3,341  EUR | 15.765 | 52,670.87 | 0.03 |
| IT0000072618 | Intesa Sanpaolo | Shs | 218,173  EUR | 2.461 | 536,923.75 | 0.27 |
| IT0003027817 | Iren | Shs | 29,021  EUR | 2.582 | 74,932.22 | 0.04 |
| IT0005211237 | Italgas | Shs | 35,760  EUR | 5.574 | 199,326.24 | 0.10 |
| IT0004965148 | Moncler | Shs | 1,669  EUR | 53.280 | 88,924.32 | 0.05 |
| IT0005278236 | Pirelli | Shs | 19,911  EUR | 5.072 | 100,988.59 | 0.05 |
| IT0003153415 | Snam | Shs | 46  EUR | 4.794 | 220.52 | 0.00 |
| IT0003497168 | Telecom Italia SpA (Milano) | Shs | 122,216  EUR | 0.343 | 41,907.87 | 0.02 |
| IT0004810054 | Unipol Gruppo | Shs | 31,593  EUR | 5.034 | 159,039.16 | 0.08 |

Investment Portfolio as at 30/09/2021
| ISIN | Securities | Shares/ Currency (in 1,000)/ Contracts | Holdings 30/09/2021 | Price | Market Value in EUR | % of Subfund assets |
| --- | --- | --- | --- | --- | --- | --- |
| IT0004827447 | UnipolSai Assicurazioni | Shs | 28,220 | EUR	2.474 | 69,816.28 | 0.04 |
| Japan |  |  |  |  | 4,040,575.34 | 2.06 |
| JP3429800000 | ANA Holdings | Shs | 7,900 | JPY 2,905.500 | 176,692.35 | 0.09 |
| JP3116000005 | Asahi Group Holdings | Shs | 6,000 | JPY 5,421.000 | 250,380.46 | 0.13 |
| JP3218900003 | Capcom | Shs | 800 | JPY 3,105.000 | 19,121.47 | 0.01 |
| JP3818000006 | Fujitsu | Shs | 1,900 | JPY 20,310.000 | 297,052.56 | 0.15 |
| JP3822000000 | H.U. Group Holdings | Shs | 3,300 | JPY 3,035.000 | 77,097.88 | 0.04 |
| JP3854600008 | Honda Motor | Shs | 4,800 | JPY 3,455.000 | 127,661.24 | 0.06 |
| JP3143600009 | ITOCHU | Shs | 9,400 | JPY 3,277.000 | 237,123.22 | 0.12 |
| JP3496400007 | KDDI | Shs | 12,700 | JPY 3,691.000 | 360,842.39 | 0.18 |
| JP3262900008 | Kintetsu World Express | Shs | 2,400 | JPY 2,847.000 | 52,597.91 | 0.03 |
| JP3266800006 | Kumagai Gumi | Shs | 3,400 | JPY 2,903.000 | 75,979.38 | 0.04 |
| JP3868400007 | Mazda Motor | Shs | 25,000 | JPY	976.000 | 187,827.69 | 0.10 |
| JP3898400001 | Mitsubishi | Shs | 4,300 | JPY 3,536.000 | 117,044.36 | 0.06 |
| JP3733000008 | NEC | Shs | 4,900 | JPY 6,070.000 | 228,957.33 | 0.12 |
| JP3734800000 | Nidec | Shs | 2,500 | JPY 12,420.000 | 239,018.43 | 0.12 |
| JP3756600007 | Nintendo | Shs | 400 | JPY 54,310.000 | 167,228.22 | 0.09 |
| JP3735400008 | Nippon Telegraph & Telephone | Shs | 9,000 | JPY 3,085.000 | 213,730.97 | 0.11 |
| JP3762900003 | Nomura Real Estate Holdings | Shs | 1,000 | JPY 2,918.000 | 22,462.34 | 0.01 |
| JP3420600003 | Sekisui House | Shs | 9,100 | JPY 2,351.500 | 164,723.73 | 0.08 |
| JP3435000009 | Sony | Shs | 5,700 | JPY 12,455.000 | 546,497.74 | 0.28 |
| JP3407400005 | Sumitomo Electric Industries | Shs | 8,800 | JPY 1,496.000 | 101,340.73 | 0.05 |
| JP3633400001 | Toyota Motor | Shs | 24,500 | JPY 2,000.000 | 377,194.94 | 0.19 |
| Jersey |  |  |  |  | 14,962.38 | 0.01 |
| JE00B5TT1872 | Centamin | Shs | 13,890 | GBP	0.930 | 14,962.38 | 0.01 |
| Jordan |  |  |  |  | 141,986.67 | 0.07 |
| GB00B0LCW083 | Hikma Pharmaceuticals | Shs | 4,970 | GBP	24.670 | 141,986.67 | 0.07 |
| Canada |  |  |  |  | 680,055.49 | 0.35 |
| CA0084741085 | Agnico Eagle Mines | Shs | 4 | CAD	65.220 | 176.72 | 0.00 |
| CA11777Q2099 | B2Gold | Shs | 74,212 | CAD	4.220 | 212,147.29 | 0.11 |
| CA2652692096 | Dundee Precious Metals | Shs | 8,152 | CAD	7.400 | 40,864.56 | 0.02 |
| CA3518581051 | Franco-Nevada | Shs | 552 | CAD	164.210 | 61,403.00 | 0.03 |
| CA4488112083 | Hydro One | Shs | 6,396 | CAD	30.190 | 130,804.44 | 0.07 |
| CA45075E1043 | iA Financial | Shs | 26 | CAD	71.800 | 1,264.59 | 0.00 |
| CA45823T1066 | Intact Financial | Shs | 406 | CAD	169.530 | 46,625.50 | 0.02 |
| CA5592224011 | Magna International | Shs | 17 | CAD	96.830 | 1,115.09 | 0.00 |
| CA56501R1064 | Manulife Financial | Shs | 115 | CAD	24.750 | 1,928.08 | 0.00 |
| CA76131D1033 | Restaurant Brands International | Shs | 958 | CAD	78.630 | 51,027.55 | 0.03 |
| CA8667961053 | Sun Life Financial | Shs | 2,960 | CAD	65.910 | 132,158.14 | 0.07 |
| CA87807B1076 | TC Energy | Shs | 13 | CAD	61.380 | 540.53 | 0.00 |
| Luxembourg |  |  |  |  | 90,724.08 | 0.05 |
| LU1598757687 | ArcelorMittal | Shs | 3,445 | EUR	26.335 | 90,724.08 | 0.05 |
| New Zealand |  |  |  |  | 28,251.03 | 0.01 |
| NZFAPE0001S2 | Fisher & Paykel Healthcare | Shs | 1,491 | NZD	32.000 | 28,251.03 | 0.01 |
| The Netherlands |  |  |  |  | 8,023,761.03 | 4.09 |
| NL0011794037 | Ahold Delhaize | Shs | 14,831 | EUR	29.025 | 430,469.78 | 0.22 |
| NL0000334118 | ASM International | Shs | 622 | EUR	343.300 | 213,532.60 | 0.11 |
| NL0010273215 | ASML Holding | Shs | 5,149 | EUR	665.000 | 3,424,085.00 | 1.74 |
| NL0011872643 | ASR Nederland | Shs | 6,210 | EUR	39.630 | 246,102.30 | 0.12 |
| NL0000009827 | DSM | Shs | 2,345 | EUR	174.100 | 408,264.50 | 0.21 |
| NL0011821202 | ING Groep | Shs | 101,747 | EUR	12.780 | 1,300,326.66 | 0.66 |
| NL0010773842 | NN Group | Shs | 9,563 | EUR	45.510 | 435,212.13 | 0.22 |
| NL0000009538 | Philips | Shs | 1,935 | EUR	39.000 | 75,465.00 | 0.04 |
| NL0009739416 | PostNL | Shs | 31,939 | EUR	4.184 | 133,632.78 | 0.07 |
| NL0013654783 | Prosus | Shs | 5,571 | EUR	69.200 | 385,513.20 | 0.20 |
| GB00B03MM408 | Royal Dutch Shell -B- | Shs | 19,730 | GBP	16.646 | 380,323.82 | 0.19 |
| NL0011821392 | Signify | Shs | 6,104 | EUR	43.550 | 265,829.20 | 0.14 |

Investment Portfolio as at 30/09/2021
| ISIN | Securities | Shares/ Currency (in 1,000)/ Contracts | Holdings 30/09/2021 | Price | Market Value in EUR | % of Subfund assets |
| --- | --- | --- | --- | --- | --- | --- |
| NL00150001Q9 | Stellantis | Shs | 17,521  EUR | 16.776 | 293,932.30 | 0.15 |
| NL0009432491 | Vopak | Shs | 908  EUR | 34.220 | 31,071.76 | 0.02 |
| Norway |  |  |  |  | 644,833.54 | 0.33 |
| NO0010582521 | Gjensidige Forsikring | Shs | 3,792 NOK | 194.450 | 72,121.59 | 0.04 |
| NO0005052605 | Norsk Hydro | Shs | 72,020 NOK | 65.500 | 461,406.23 | 0.23 |
| NO0003733800 | Orkla | Shs | 9,721 NOK | 80.180 | 76,237.04 | 0.04 |
| NO0003053605 | Storebrand | Shs | 4,300 NOK | 83.380 | 35,068.68 | 0.02 |
| Austria |  |  |  |  | 111,891.68 | 0.06 |
| AT0000743059 | OMV | Shs | 847  EUR | 51.440 | 43,569.68 | 0.02 |
| AT0000831706 | Wienerberger | Shs | 2,316  EUR | 29.500 | 68,322.00 | 0.04 |
| Portugal |  |  |  |  | 69,790.76 | 0.03 |
| PTEDP0AM0009 | EDP - Energias de Portugal | Shs | 15,342  EUR | 4.549 | 69,790.76 | 0.03 |
| Sweden |  |  |  |  | 2,822,903.35 | 1.44 |
| SE0007100581 | Assa Abloy -B- | Shs | 5,245  SEK | 256.200 | 131,770.84 | 0.07 |
| SE0011166610 | Atlas Copco -A- | Shs | 13,643  SEK | 530.600 | 709,858.54 | 0.36 |
| SE0015811559 | Boliden | Shs | 3,618  SEK | 281.900 | 100,013.43 | 0.05 |
| SE0008091581 | Bonava -B- | Shs | 3,765  SEK | 79.700 | 29,425.10 | 0.02 |
| SE0015811955 | Investor -A- | Shs | 6,212  SEK | 191.080 | 116,396.89 | 0.06 |
| SE0015810247 | Kinnevik -B- | Shs | 6,126  SEK | 309.400 | 185,862.59 | 0.09 |
| SE0000825820 | Lundin Energy | Shs | 4,951  SEK | 324.400 | 157,495.61 | 0.08 |
| SE0000667891 | Sandvik | Shs | 1,138  SEK | 200.600 | 22,385.56 | 0.01 |
| SE0000113250 | Skanska -B- | Shs | 6,280  SEK | 222.100 | 136,773.79 | 0.07 |
| SE0000120669 | SSAB -B- | Shs | 23,337  SEK | 37.710 | 86,297.11 | 0.04 |
| SE0000112724 | Svenska Cellulosa -B- | Shs | 2,591  SEK | 137.800 | 35,011.55 | 0.02 |
| SE0000242455 | Swedbank -A- | Shs | 16,984  SEK | 176.280 | 293,587.60 | 0.15 |
| SE0000108656 | Telefonaktiebolaget LM Ericsson -B- | Shs | 42,397  SEK | 99.320 | 412,920.58 | 0.21 |
| SE0006422390 | Thule Group | Shs | 9,389  SEK | 440.000 | 405,104.16 | 0.21 |
| Switzerland |  |  |  |  | 8,396,805.25 | 4.28 |
| CH0012221716 | ABB | Shs | 10,244 CHF | 31.690 | 299,325.94 | 0.15 |
| CH0210483332 | Compagnie Financière Richemont | Shs | 3,506 CHF | 98.480 | 318,355.60 | 0.16 |
| CH0030170408 | Geberit | Shs | 527  CHF | 695.400 | 337,907.51 | 0.17 |
| CH0010645932 | Givaudan | Shs | 76  CHF | 4,257.000 | 298,311.36 | 0.15 |
| CH0025238863 | Kuehne & Nagel International | Shs | 1,407 CHF | 324.400 | 420,850.15 | 0.22 |
| CH0025751329 | Logitech International | Shs | 2,315 CHF | 84.040 | 179,386.43 | 0.09 |
| CH0013841017 | Lonza Group | Shs | 281  CHF | 706.200 | 182,972.82 | 0.09 |
| CH0038863350 | Nestlé | Shs | 24,304 CHF | 113.600 | 2,545,708.26 | 1.30 |
| CH0012005267 | Novartis | Shs | 1,131 CHF | 77.590 | 80,913.48 | 0.04 |
| CH0012032048 | Roche Holding | Shs | 6,907 CHF | 343.900 | 2,190,151.59 | 1.12 |
| CH0418792922 | Sika | Shs | 771  CHF | 298.000 | 211,847.42 | 0.11 |
| CH0012549785 | Sonova Holding | Shs | 1,730 CHF | 360.600 | 575,207.27 | 0.29 |
| CH0012100191 | Tecan Group | Shs | 312  CHF | 531.000 | 152,757.19 | 0.08 |
| CH0011075394 | Zurich Insurance Group | Shs | 1,688 CHF | 387.500 | 603,110.23 | 0.31 |
| Singapore |  |  |  |  | 308,679.96 | 0.16 |
| SG1S04926220 | Oversea-Chinese Banking | Shs | 28,300 SGD | 11.500 | 206,107.09 | 0.11 |
| SG1V61937297 | Singapore Airlines | Shs | 32,200 SGD | 5.030 | 102,572.87 | 0.05 |
| Spain |  |  |  |  | 2,093,588.06 | 1.07 |
| ES0125220311 | Acciona | Shs | 329  EUR | 144.400 | 47,507.60 | 0.02 |
| ES0105046009 | Aena | Shs | 977  EUR | 148.250 | 144,840.25 | 0.07 |
| ES0113211835 | Banco Bilbao Vizcaya Argentaria | Shs | 96,103  EUR | 5.787 | 556,148.06 | 0.28 |
| ES0113900J37 | Banco Santander | Shs | 53,195  EUR | 3.169 | 168,574.96 | 0.09 |
| ES0127797019 | EDP Renovaveis | Shs | 10,687  EUR | 21.040 | 224,854.48 | 0.12 |
| ES0171996095 | Grifols -B- | Shs | 1,944  EUR | 12.900 | 25,077.60 | 0.01 |
| ES0144580Y14 | Iberdrola | Shs | 29,749  EUR | 8.930 | 265,658.57 | 0.14 |
| ES0148396007 | Industria de Diseño Textil | Shs | 3,195  EUR | 32.360 | 103,390.20 | 0.05 |
| ES0173093024 | Red Electrica | Shs | 14,252  EUR | 17.310 | 246,702.12 | 0.13 |
| ES0173516115 | Repsol | Shs | 27,566  EUR | 11.276 | 310,834.22 | 0.16 |
| South Africa |  |  |  |  | 109,959.62 | 0.06 |

Investment Portfolio as at 30/09/2021
| ISIN | Securities | Shares/ Currency (in 1,000)/ Contracts | Holdings 30/09/2021 | Price | Market Value in EUR | % of Subfund assets |
| --- | --- | --- | --- | --- | --- | --- |
| GB00B17BBQ50 | Investec | Shs | 29,869 GBP | 3.179 | 109,959.62 | 0.06 |
| USA |  |  |  |  | 34,266,599.79 | 17.46 |
| US88579Y1010 | 3M | Shs | 1,468 USD | 180.880 | 228,808.26 | 0.12 |
| US0028241000 | Abbott Laboratories | Shs | 1,399 USD | 119.460 | 144,010.88 | 0.07 |
| US00287Y1091 | AbbVie | Shs | 6,459 USD | 108.840 | 605,771.59 | 0.31 |
| US00507V1098 | Activision Blizzard | Shs | 8,279 USD | 77.380 | 552,028.75 | 0.28 |
| US00724F1012 | Adobe | Shs | 1,396 USD | 577.700 | 694,932.90 | 0.35 |
| US00846U1016 | Agilent Technologies | Shs | 2,611 USD | 160.000 | 359,982.96 | 0.18 |
| US0091581068 | Air Products & Chemicals | Shs | 394  USD | 260.220 | 88,347.04 | 0.04 |
| US0231351067 | Amazon.com | Shs | 667  USD | 3,301.120 | 1,897,327.19 | 0.97 |
| US0311621009 | Amgen | Shs | 856  USD | 214.900 | 158,513.14 | 0.08 |
| US0378331005 | Apple | Shs | 2,354 USD | 142.830 | 289,721.67 | 0.15 |
| US0382221051 | Applied Materials | Shs | 3,776 USD | 128.270 | 417,361.29 | 0.21 |
| US04316A1088 | Artisan Partners Asset Management -A- | Shs | 4,370 USD | 49.920 | 187,979.76 | 0.10 |
| US0530151036 | Automatic Data Processing | Shs | 2,803 USD | 199.580 | 482,053.46 | 0.25 |
| US0605051046 | Bank of America | Shs | 8,916 USD | 43.070 | 330,902.48 | 0.17 |
| US0865161014 | Best Buy | Shs | 351  USD | 109.430 | 33,097.76 | 0.02 |
| US09062X1037 | Biogen | Shs | 643  USD | 285.560 | 158,220.75 | 0.08 |
| US09857L1089 | Booking Holdings | Shs | 79  USD | 2,377.820 | 161,868.06 | 0.08 |
| US1101221083 | Bristol-Myers Squibb | Shs | 3,436 USD | 60.620 | 179,483.35 | 0.09 |
| US1170431092 | Brunswick | Shs | 544  USD | 98.960 | 46,388.86 | 0.02 |
| US1273871087 | Cadence Design Systems | Shs | 1,313 USD | 152.250 | 172,257.09 | 0.09 |
| US1696561059 | Chipotle Mexican Grill | Shs | 166  USD | 1,846.540 | 264,132.53 | 0.13 |
| US1255231003 | Cigna | Shs | 883  USD | 203.930 | 155,166.12 | 0.08 |
| US17275R1023 | Cisco Systems | Shs | 15,075 USD | 55.480 | 720,690.60 | 0.37 |
| US1729674242 | Citigroup | Shs | 9,981 USD | 71.530 | 615,201.47 | 0.31 |
| US1912161007 | Coca-Cola | Shs | 13,571 USD | 52.960 | 619,319.72 | 0.32 |
| US19239V3024 | Cogent Communications Holdings | Shs | 5,449 USD | 71.440 | 335,438.83 | 0.17 |
| US1941621039 | Colgate-Palmolive | Shs | 6,307 USD | 77.080 | 418,908.93 | 0.21 |
| US2310211063 | Cummins | Shs | 1,620 USD | 230.670 | 322,003.96 | 0.16 |
| US2371941053 | Darden Restaurants | Shs | 1,611 USD | 153.680 | 213,337.88 | 0.11 |
| US2435371073 | Deckers Outdoor | Shs | 431  USD | 372.310 | 138,272.90 | 0.07 |
| US2441991054 | Deere | Shs | 277  USD | 350.870 | 83,749.28 | 0.04 |
| US2473617023 | Delta Air Lines | Shs | 4,779 USD | 43.360 | 178,558.85 | 0.09 |
| US2605571031 | Dow | Shs | 3,247 USD | 58.820 | 164,574.44 | 0.08 |
| US2786421030 | eBay | Shs | 4,741 USD | 69.970 | 285,849.16 | 0.15 |
| US2855121099 | Electronic Arts | Shs | 5,554 USD | 137.940 | 660,163.00 | 0.34 |
| US5324571083 | Eli Lilly | Shs | 3,572 USD | 230.360 | 709,044.68 | 0.36 |
| US3021301094 | Expeditors International of Washington | Shs | 3,323 USD | 121.060 | 346,645.92 | 0.18 |
| US3364331070 | First Solar | Shs | 3,316 USD | 94.070 | 268,794.73 | 0.14 |
| US3453708600 | Ford Motor | Shs | 15,682 USD | 14.300 | 193,238.02 | 0.10 |
| US37045V1008 | General Motors | Shs | 1,602 USD | 52.930 | 73,066.70 | 0.04 |
| US38141G1040 | Goldman Sachs Group | Shs | 1,378 USD | 384.890 | 457,026.02 | 0.23 |
| US40412C1018 | HCA Healthcare | Shs | 202  USD | 252.210 | 43,900.43 | 0.02 |
| US43300A2033 | Hilton Worldwide Holdings | Shs | 2,594 USD | 135.160 | 302,115.66 | 0.15 |
| US4364401012 | Hologic | Shs | 2,790 USD | 73.990 | 177,882.13 | 0.09 |
| US4370761029 | Home Depot | Shs | 1,863 USD | 336.930 | 540,888.34 | 0.28 |
| US40434L1052 | HP | Shs | 14,371 USD | 27.310 | 338,192.35 | 0.17 |
| US45168D1046 | IDEXX Laboratories | Shs | 863  USD | 629.550 | 468,161.95 | 0.24 |
| US4581401001 | Intel | Shs | 10,695 USD | 53.490 | 492,956.36 | 0.25 |
| US4612021034 | Intuit | Shs | 1,049 USD | 546.930 | 494,381.62 | 0.25 |
| US47233W1099 | Jefferies Financial Group | Shs | 1,646 USD | 37.710 | 53,486.16 | 0.03 |
| US4781601046 | Johnson & Johnson | Shs | 7,366 USD | 164.020 | 1,041,078.81 | 0.53 |
| IE00BY7QL619 | Johnson Controls International | Shs | 1,743 USD | 70.490 | 105,871.72 | 0.05 |
| US46625H1005 | JPMorgan Chase | Shs | 3,084 USD | 165.950 | 441,008.25 | 0.22 |
| US49338L1035 | Keysight Technologies | Shs | 195  USD | 166.890 | 28,042.71 | 0.01 |

Investment Portfolio as at 30/09/2021
| ISIN | Securities | Shares/ Currency (in 1,000)/ Contracts | Holdings 30/09/2021 | Price | Market Value in EUR | % of Subfund assets |
| --- | --- | --- | --- | --- | --- | --- |
| US5128071082 | Lam Research | Shs | 523  USD | 567.510 | 255,758.63 | 0.13 |
| US5486611073 | Lowe’s Companies | Shs | 239  USD | 207.100 | 42,651.38 | 0.02 |
| US5719032022 | Marriott International -A- | Shs | 2,218 USD | 151.910 | 290,337.40 | 0.15 |
| US58933Y1055 | Merck | Shs | 8,035 USD | 75.090 | 519,903.89 | 0.26 |
| US5895841014 | Meridian Bioscience | Shs | 2,799 USD | 19.460 | 46,935.43 | 0.02 |
| US5949181045 | Microsoft | Shs | 12,801 USD | 284.000 | 3,132,689.29 | 1.60 |
| US60871R2094 | Molson Coors Beverage -B- | Shs | 4,882 USD | 47.320 | 199,066.23 | 0.10 |
| US6174464486 | Morgan Stanley | Shs | 7,677 USD | 99.550 | 658,548.69 | 0.34 |
| US64110L1061 | Netflix | Shs | 991  USD | 599.060 | 511,562.92 | 0.26 |
| US6516391066 | Newmont | Shs | 7,574 USD | 53.710 | 350,538.35 | 0.18 |
| US6541061031 | NIKE -B- | Shs | 4,192 USD | 146.020 | 527,459.00 | 0.27 |
| US6687711084 | NortonLifeLock | Shs | 4,280 USD | 25.550 | 94,230.12 | 0.05 |
| US67066G1040 | NVIDIA | Shs | 5,024 USD | 205.170 | 888,215.96 | 0.45 |
| US68389X1054 | Oracle | Shs | 1,143 USD | 91.250 | 89,874.02 | 0.05 |
| US70450Y1038 | PayPal Holdings | Shs | 2,734 USD | 259.000 | 610,173.52 | 0.31 |
| US7170811035 | Pfizer | Shs | 7,603 USD | 43.530 | 285,186.36 | 0.15 |
| US7427181091 | Procter & Gamble | Shs | 2,559 USD | 142.020 | 313,166.20 | 0.16 |
| US7433151039 | Progressive | Shs | 4,976 USD | 91.140 | 390,790.93 | 0.20 |
| US74834L1008 | Quest Diagnostics | Shs | 904  USD | 147.680 | 115,039.03 | 0.06 |
| US74838J1016 | Quidel | Shs | 141  USD | 140.010 | 17,011.13 | 0.01 |
| US75886F1075 | Regeneron Pharmaceuticals | Shs | 227  USD | 606.700 | 118,673.82 | 0.06 |
| US7591EP1005 | Regions Financial | Shs | 3,184 USD | 21.690 | 59,509.69 | 0.03 |
| LR0008862868 | Royal Caribbean Cruises | Shs | 1,533 USD | 90.670 | 119,773.53 | 0.06 |
| US78409V1044 | S&P Global | Shs | 593  USD | 426.620 | 217,997.24 | 0.11 |
| US8552441094 | Starbucks | Shs | 3,022 USD | 112.170 | 292,096.44 | 0.15 |
| US78486Q1013 | SVB Financial Group | Shs | 439  USD | 655.990 | 248,151.45 | 0.13 |
| US8716071076 | Synopsys | Shs | 363  USD | 302.620 | 94,658.44 | 0.05 |
| US74144T1088 | T Rowe Price Group | Shs | 938  USD | 201.900 | 163,190.26 | 0.08 |
| US8740541094 | Take-Two Interactive Software | Shs | 4,316 USD | 151.600 | 563,813.83 | 0.29 |
| US8753722037 | Tandem Diabetes Care | Shs | 298  USD | 119.920 | 30,793.78 | 0.02 |
| US87612E1064 | Target | Shs | 639  USD | 235.850 | 129,864.91 | 0.07 |
| US88160R1014 | Tesla | Shs | 362  USD | 781.310 | 243,717.68 | 0.12 |
| US8825081040 | Texas Instruments | Shs | 3,573 USD | 193.070 | 594,432.98 | 0.30 |
| US8835561023 | Thermo Fisher Scientific | Shs | 960  USD | 579.600 | 479,462.55 | 0.24 |
| US91879Q1094 | Vail Resorts | Shs | 204  USD | 342.590 | 60,222.66 | 0.03 |
| US92343V1044 | Verizon Communications | Shs | 16,795 USD | 54.380 | 786,999.21 | 0.40 |
| US92532F1003 | Vertex Pharmaceuticals | Shs | 233  USD | 182.220 | 36,585.34 | 0.02 |
| US92826C8394 | Visa -A- | Shs | 1,214 USD | 226.680 | 237,130.26 | 0.12 |
| US2546871060 | Walt Disney | Shs | 1,844 USD | 172.680 | 274,383.53 | 0.14 |
| US95058W1009 | Wendy’s | Shs | 2,844 USD | 21.870 | 53,596.13 | 0.03 |
| US9553061055 | West Pharmaceutical Services | Shs | 1,307 USD | 432.410 | 486,997.13 | 0.25 |
| US98311A1051 | Wyndham Hotels & Resorts | Shs | 3,101 USD | 78.260 | 209,120.54 | 0.11 |
| US98390M1036 | XRAY-TWOLF HoldCo | Shs | 2,360 USD | 19.000 | 38,638.54 | 0.02 |
| US98978V1035 | Zoetis | Shs | 2,663 USD | 194.990 | 447,443.90 | 0.23 |
| United Kingdom |  |  |  |  | 11,352,805.57 | 5.78 |
| GB00B1YW4409 | 3i Group | Shs | 6,674 GBP | 12.805 | 98,966.41 | 0.05 |
| GB00B02J6398 | Admiral Group | Shs | 4,344 GBP | 31.090 | 156,398.49 | 0.08 |
| GB00B1XZS820 | Anglo American | Shs | 8,888 GBP | 26.255 | 270,232.82 | 0.14 |
| GB0000536739 | Ashtead Group | Shs | 950 GBP | 57.180 | 62,905.67 | 0.03 |
| GB0009895292 | AstraZeneca | Shs | 13,351 GBP | 89.560 | 1,384,681.56 | 0.70 |
| GB0002162385 | Aviva | Shs | 80,515 GBP | 3.986 | 371,651.70 | 0.19 |
| GB0000961622 | Balfour Beatty | Shs | 122 GBP | 2.728 | 385.46 | 0.00 |
| GB0000811801 | Barratt Developments | Shs | 22,293 GBP | 6.530 | 168,579.10 | 0.09 |
| GB00BLJNXL82 | Berkeley Group Holdings | Shs | 1,237 GBP | 43.630 | 62,499.56 | 0.03 |
| GB0007980591 | BP | Shs | 11,195 GBP | 3.416 | 44,279.26 | 0.02 |
| GB0030913577 | BT Group | Shs | 258,827 GBP | 1.631 | 488,711.33 | 0.25 |

Investment Portfolio as at 30/09/2021
| ISIN | Securities | Shares/ Currency (in 1,000)/ Contracts | Holdings 30/09/2021 | Price | Market Value in EUR | % of Subfund assets |
| --- | --- | --- | --- | --- | --- | --- |
| NL0010545661 | CNH Industrial | Shs | 14,710  EUR | 14.745 | 216,898.95 | 0.11 |
| GB00BD6K4575 | Compass Group | Shs | 20,437 GBP | 15.572 | 368,539.09 | 0.19 |
| GB00BJFFLV09 | Croda International | Shs | 872 GBP | 84.980 | 85,813.43 | 0.04 |
| GB00B1VNSX38 | Drax Group | Shs | 16,011 GBP | 4.914 | 91,112.01 | 0.05 |
| JE00BJVNSS43 | Ferguson | Shs | 2,580 GBP | 105.050 | 313,861.32 | 0.16 |
| GB0009252882 | GlaxoSmithKline | Shs | 71,296 GBP | 14.166 | 1,169,592.12 | 0.60 |
| GB0004052071 | Halma | Shs | 18 GBP | 28.803 | 600.38 | 0.00 |
| GB00B1VZ0M25 | Hargreaves Lansdown | Shs | 2,958 GBP | 14.380 | 49,258.26 | 0.02 |
| GB00B06QFB75 | IG Group Holdings | Shs | 19,085 GBP | 8.115 | 179,350.56 | 0.09 |
| GB0031638363 | Intertek Group | Shs | 337 GBP | 49.810 | 19,438.76 | 0.01 |
| GB00B019KW72 | J Sainsbury | Shs | 202,341 GBP | 2.871 | 672,727.39 | 0.34 |
| JE00BYPZJM29 | Janus Henderson Group | Shs | 8,237 USD | 41.790 | 296,617.33 | 0.15 |
| GB00BZ4BQC70 | Johnson Matthey | Shs | 1,925 GBP | 26.770 | 59,676.20 | 0.03 |
| GB0033195214 | Kingfisher | Shs | 69,916 GBP | 3.479 | 281,678.06 | 0.14 |
| IE00BZ12WP82 | Linde | Shs | 1,711 USD | 299.140 | 441,041.63 | 0.22 |
| GB0008706128 | Lloyds Banking Group | Shs | 1,410,546 GBP | 0.467 | 762,337.15 | 0.39 |
| GB00B1CRLC47 | Mondi | Shs | 3,181 GBP | 18.270 | 67,301.42 | 0.03 |
| GB0006215205 | National Express Group | Shs | 12,475 GBP | 2.440 | 35,249.46 | 0.02 |
| GB00BDR05C01 | National Grid | Shs | 46,827 GBP | 8.953 | 485,523.48 | 0.25 |
| GB00B24CGK77 | Reckitt Benckiser Group | Shs | 4,199 GBP | 58.850 | 286,163.59 | 0.15 |
| GB00B2B0DG97 | RELX | Shs | 8,984 GBP | 21.840 | 227,218.88 | 0.12 |
| GB00BDVZYZ77 | Royal Mail | Shs | 73,869 GBP | 4.329 | 370,315.45 | 0.19 |
| GB0003308607 | Spectris | Shs | 33 GBP | 39.140 | 1,495.74 | 0.00 |
| GB00BWFGQN14 | Spirax-Sarco Engineering | Shs | 2,167 GBP | 151.450 | 380,058.30 | 0.19 |
| GB0008754136 | Tate & Lyle | Shs | 19,781 GBP | 7.000 | 160,349.76 | 0.08 |
| GB00B10RZP78 | Unilever | Shs | 66 GBP | 40.705 | 3,111.10 | 0.00 |
| GB00B39J2M42 | United Utilities Group | Shs | 6,193 GBP | 9.826 | 70,469.29 | 0.04 |
| GB0001859296 | Vistry Group | Shs | 9,486 GBP | 12.019 | 132,025.32 | 0.07 |
| GB00BH4HKS39 | Vodafone Group | Shs | 527,657 GBP | 1.149 | 701,969.36 | 0.36 |
| GB00B1KJJ408 | Whitbread | Shs | 2,176 GBP | 34.030 | 85,751.73 | 0.04 |
| GB0006043169 | Wm Morrison Supermarkets | Shs | 66,913 GBP | 2.942 | 227,968.69 | 0.12 |
| Bonds |  |  |  |  |  |  | 70,548,231.77 | 35.95 |
| Australia |  |  |  |  |  |  | 1,260,117.32 | 0.64 |
| XS1811023735 | 0.3750 | % | Commonwealth Bank of |  |  |  |  |  |
|  |  |  | Australia EUR MTN 18/23 | EUR | 100.0	% | 101.286 | 101,285.65 | 0.05 |
| XS1412417617 | 1.2500 | % | National Australia Bank EUR MTN 16/26 | EUR | 200.0	% | 105.956 | 211,912.22 | 0.11 |
| XS1942618023 | 0.7500 | % | National Australia Bank EUR MTN 19/26 | EUR | 400.0	% | 104.159 | 416,634.00 | 0.21 |
| XS1676933853 | 1.1250 | % | Westpac Banking EUR MTN 17/27 | EUR | 500.0	% | 106.057 | 530,285.45 | 0.27 |
| Belgium |  |  |  |  |  |  | 2,094,511.33 | 1.07 |
| BE0000326356 | 4.0000 | % | Belgium Government EUR Bonds 12/32 S.66 | EUR | 120.0	% | 141.261 | 169,513.20 | 0.09 |
| BE0000336454 | 1.9000 | % | Belgium Government EUR Bonds 15/38 S.76 | EUR | 270.0	% | 122.900 | 331,829.97 | 0.17 |
| BE0000338476 | 1.6000 | % | Belgium Government EUR Bonds 16/47 S.78 | EUR | 300.0	% | 118.437 | 355,310.97 | 0.18 |
| BE0000342510 | 0.5000 | % | Belgium Government EUR Bonds 17/24 S.82 | EUR | 300.0	% | 103.527 | 310,581.00 | 0.16 |
| BE0000341504 | 0.8000 | % | Belgium Government EUR Bonds 17/27 S.81 | EUR | 200.0	% | 106.937 | 213,874.00 | 0.11 |
| BE0000343526 | 2.2500 | % | Belgium Government EUR Bonds 17/57 S.83 | EUR | 70.0	% | 139.962 | 97,973.39 | 0.05 |
| BE0000347568 | 0.9000 | % | Belgium Government EUR Bonds 19/29 S.87 | EUR | 440.0	% | 108.352 | 476,748.80 | 0.24 |
| BE0000291972 | 5.5000 | % | Belgium Government EUR Bonds 98/28 S.31 | EUR | 100.0	% | 138.680 | 138,680.00 | 0.07 |
| Denmark |  |  |  |  |  |  | 203,913.08 | 0.10 |
| XS2078761785 | 1.3750 | % | Danske Bank EUR FLR-MTN 19/30 | EUR | 100.0	% | 102.170 | 102,170.48 | 0.05 |
| XS1424730973 | 0.7500 | % | Danske Bank EUR MTN 16/23 | EUR | 100.0	% | 101.743 | 101,742.60 | 0.05 |
| Germany |  |  |  |  |  |  | 11,307,733.20 | 5.76 |
| XS2149280948 | 2.0000 | % | Bertelsmann EUR MTN 20/28 | EUR | 200.0	% | 110.978 | 221,956.78 | 0.11 |
| DE000CZ40MC5 | 1.1250 | % | Commerzbank EUR MTN 17/25 | EUR | 300.0	% | 103.560 | 310,680.99 | 0.16 |
| DE000CZ40NG4 | 1.2500 | % | Commerzbank EUR MTN 18/23 | EUR | 400.0	% | 102.807 | 411,229.60 | 0.21 |
| DE000DL19UC0 | 1.1250 | % | Deutsche Bank EUR MTN 18/23 | EUR | 300.0	% | 102.615 | 307,846.08 | 0.16 |
| DE000DL19U31 | 0.1250 | % | Deutsche Bank EUR Notes 20/30 | EUR | 350.0	% | 100.661 | 352,312.35 | 0.18 |
| XS2084497705 | 0.6250 | % | Fresenius Medical Care EUR MTN 19/26 | EUR | 50.0	% | 102.064 | 51,031.99 | 0.03 |

Investment Portfolio as at 30/09/2021
| ISIN | Securities | Shares/ Currency (in 1,000)/ Contracts | Holdings 30/09/2021 | Price | Market Value in EUR | % of Subfund assets |
| --- | --- | --- | --- | --- | --- | --- |
| XS2178769159 | 1.5000 | % | Fresenius Medical Care EUR MTN 20/30 | EUR | 400.0 | % | 106.034 | 424,137.96 | 0.22 |
| DE0001135226 | 4.7500 | % | Germany Government EUR Bonds 03/34 S.3 | EUR | 370.0 | % | 163.772 | 605,956.40 | 0.31 |
| DE0001135325 | 4.2500 | % | Germany Government EUR |  |  |  |  |  |  |
|  |  |  | Bonds 07/39 S.2007 | EUR | 340.0 | % | 175.832 | 597,828.80 | 0.30 |
| DE0001102341 | 2.5000 | % | Germany Government EUR Bonds 14/46 | EUR | 610.0 | % | 157.755 | 962,305.50 | 0.49 |
| DE0001102416 | 0.2500 | % | Germany Government EUR Bonds 17/27 | EUR | 200.0 | % | 104.381 | 208,762.00 | 0.11 |
| DE0001135044 | 6.5000 | % | Germany Government EUR |  |  |  |  |  |  |
| DE0001102499 | 0.0000 | % | Bonds 97/27 S.97 Germany Government EUR Zero- | EUR | 200.0 | % | 141.328 | 282,656.00 | 0.14 |
| DE0001102515 | 0.0000 | % | Coupon Bonds 15.02.2030 Germany Government EUR Zero- | EUR | 600.0 | % | 102.945 | 617,669.94 | 0.32 |
| DE0001102473 | 0.0000 | % | Coupon Bonds 15.05.2035 Germany Government EUR Zero- | EUR | 300.0 | % | 100.344 | 301,032.00 | 0.15 |
|  |  |  | Coupon Bonds 15.08.2029 | EUR | 500.0 | % | 102.999 | 514,995.00 | 0.26 |
| XS1387174375 | 2.2500 | % | HeidelbergCement EUR MTN 16/23 | EUR | 200.0 | % | 103.128 | 206,256.16 | 0.11 |
| XS2047479469 | 0.5000 | % | Hella EUR Notes 19/27 | EUR | 200.0 | % | 100.686 | 201,372.66 | 0.10 |
| DE000A2TSTR0 | 0.8750 | % | Kreditanstalt für Wiederaufbau |  |  |  |  |  |  |
| DE000A289F29 | 0.0000 | % | EUR MTN 19/39 Kreditanstalt für Wiederaufbau EUR | EUR | 840.0 | % | 108.548 | 911,800.51 | 0.46 |
| DE000A289RK2 | 0.0000 | % | Zero-Coupon MTN 15.12.2027 Kreditanstalt für Wiederaufbau EUR | EUR | 2,700.0 | % | 101.643 | 2,744,372.88 | 1.40 |
| XS1957349332 | 0.5000 | % | Zero-Coupon MTN 17.09.2030 Landwirtschaftliche Rentenbank | EUR | 650.0 | % | 100.542 | 653,524.43 | 0.33 |
|  |  |  | EUR MTN 19/29 | EUR | 300.0 | % | 104.744 | 314,231.22 | 0.16 |
| XS2014291616 | 1.5000 | % | Volkswagen Leasing EUR MTN 19/26 | EUR | 100.0 | % | 105.774 | 105,773.95 | 0.05 |
| Finland |  |  |  |  |  |  |  | 303,645.17 | 0.15 |
| FI4000167317 | 0.8750 | % | Finland Government EUR Bonds 15/25 | EUR | 100.0 | % | 105.779 | 105,778.64 | 0.05 |
| FI4000197959 | 0.5000 | % | Finland Government EUR Bonds 16/26 | EUR | 50.0 | % | 104.703 | 52,351.25 | 0.03 |
| FI4000306758 | 1.1250 | % | Finland Government EUR Bonds 18/34 | EUR | 40.0 | % | 112.079 | 44,831.55 | 0.02 |
| FI4000441878 | 0.0000 | % | Finland Government EUR Zero- |  |  |  |  |  |  |
|  |  |  | Coupon Bonds 15.09.2030 | EUR | 100.0 | % | 100.684 | 100,683.73 | 0.05 |
| France |  |  |  |  |  |  |  | 11,887,906.80 | 6.06 |
| FR0011530492 | 2.3750 | % | Arkea Home Loans EUR MTN 13/23 | EUR | 200.0 | % | 105.050 | 210,099.18 | 0.11 |
| FR0013336229 | 1.5000 | % | Arkea Home Loans EUR MTN 18/33 | EUR | 200.0 | % | 114.181 | 228,362.94 | 0.12 |
| XS1856833543 | 0.5000 | % | Banque Fédérative du Crédit |  |  |  |  |  |  |
| FR00140003P3 | 0.1000 | % | Mutuel EUR MTN 18/22 Banque Fédérative du Crédit | EUR | 100.0 | % | 101.114 | 101,113.82 | 0.05 |
|  |  |  | Mutuel EUR MTN 20/27 | EUR | 100.0 | % | 99.587 | 99,587.34 | 0.05 |
| FR0013476611 | 1.1250 | % | BNP Paribas EUR FLR-MTN 20/32 | EUR | 100.0 | % | 101.575 | 101,575.00 | 0.05 |
| XS1748456974 | 1.1250 | % | BNP Paribas EUR MTN 18/26 | EUR | 200.0 | % | 104.297 | 208,593.46 | 0.11 |
| FR0013312501 | 1.6250 | % | BPCE EUR MTN 18/28 | EUR | 100.0 | % | 107.301 | 107,301.42 | 0.06 |
| FR0012688208 | 0.2000 | % | Caisse Française de Financement |  |  |  |  |  |  |
|  |  |  | Local EUR Bonds 15/23 S.6 | EUR | 200.0 | % | 101.080 | 202,159.46 | 0.10 |
| FR0013419736 | 1.0000 | % | Carrefour EUR MTN 19/27 | EUR | 200.0 | % | 104.570 | 209,140.42 | 0.11 |
| XS1962554785 | 0.6250 | % | Compagnie de Saint-Gobain |  |  |  |  |  |  |
|  |  |  | EUR Notes 19/24 | EUR | 800.0 | % | 102.160 | 817,279.44 | 0.42 |
| FR0013505575 | 0.1250 | % | Crédit Agricole Home Loan EUR MTN 20/24 | EUR | 100.0 | % | 101.618 | 101,617.55 | 0.05 |
| FR0010920900 | 4.0000 | % | Crédit Agricole Home Loan |  |  |  |  |  |  |
|  |  |  | EUR Notes 10/25 | EUR | 100.0 | % | 116.468 | 116,467.55 | 0.06 |
| FR0013506870 | 0.1250 | % | Crédit Mutuel Home Loan EUR MTN 20/25 | EUR | 100.0 | % | 101.612 | 101,611.65 | 0.05 |
| FR0011883966 | 2.5000 | % | France Government EUR Bonds 14/30 | EUR | 800.0 | % | 122.190 | 977,519.92 | 0.50 |
| FR0013131877 | 0.5000 | % | France Government EUR Bonds 16/26 | EUR | 50.0 | % | 104.479 | 52,239.50 | 0.03 |
| FR0013250560 | 1.0000 | % | France Government EUR Bonds 17/27 | EUR | 200.0 | % | 107.710 | 215,420.00 | 0.11 |
| FR0013286192 | 0.7500 | % | France Government EUR Bonds 17/28 | EUR | 780.0 | % | 106.699 | 832,252.20 | 0.42 |
| FR0013234333 | 1.7500 | % | France Government EUR Bonds 17/39 | EUR | 1,870.0 | % | 121.710 | 2,275,976.81 | 1.16 |
| FR0013257524 | 2.0000 | % | France Government EUR Bonds 17/48 | EUR | 780.0 | % | 129.415 | 1,009,436.92 | 0.51 |
| FR0013313582 | 1.2500 | % | France Government EUR Bonds 18/34 | EUR | 800.0 | % | 111.794 | 894,351.92 | 0.46 |
| FR0013407236 | 0.5000 | % | France Government EUR Bonds 19/29 | EUR | 320.0 | % | 104.866 | 335,571.17 | 0.17 |
| FR0000571150 | 6.0000 | % | France Government EUR Bonds 94/25 | EUR | 200.0 | % | 126.899 | 253,798.00 | 0.13 |
| FR0012674661 | 1.0000 | % | Klepierre EUR MTN 15/23 | EUR | 200.0 | % | 101.703 | 203,406.26 | 0.10 |

Investment Portfolio as at 30/09/2021
| ISIN | Securities | Shares/ Currency (in 1,000)/ Contracts | Holdings 30/09/2021 | Price | Market Value in EUR | % of Subfund assets |
| --- | --- | --- | --- | --- | --- | --- |
| FR0013403441 | 1.2500 | % | Société Générale EUR MTN 19/24 | EUR | 400.0 | % | 103.297 | 413,189.80 | 0.21 |
| FR0012949923 | 1.7500 | % | Suez EUR MTN 15/25 | EUR | 200.0 | % | 106.906 | 213,812.22 | 0.11 |
| FR0013405040 | 1.7500 | % | Unibail-Rodamco-Westfield |  |  |  |  |  |  |
|  |  |  | EUR MTN 19/34 | EUR | 100.0 | % | 106.494 | 106,494.28 | 0.05 |
| FR0013230943 | 0.6250 | % | Valeo EUR MTN 17/23 | EUR | 100.0 | % | 100.829 | 100,828.97 | 0.05 |
| FR0013342334 | 1.5000 | % | Valeo EUR MTN 18/25 | EUR | 400.0 | % | 103.824 | 415,297.08 | 0.21 |
| FR0010033381 | 6.1250 | % | Veolia Environnement EUR MTN 03/33 | EUR | 350.0 | % | 161.509 | 565,281.12 | 0.29 |
| FR0013367620 | 1.0000 | % | Vinci EUR MTN 18/25 | EUR | 400.0 | % | 104.530 | 418,121.40 | 0.21 |
| Ireland |  |  |  |  |  |  |  | 1,040,686.78 | 0.53 |
| XS1883354620 | 0.8750 | % | Abbott Ireland Financing EUR Notes 18/23 | EUR | 200.0 | % | 102.363 | 204,725.28 | 0.10 |
| IE00BV8C9186 | 2.0000 | % | Ireland Government EUR Bonds 15/45 | EUR | 100.0 | % | 128.255 | 128,255.00 | 0.06 |
| IE00BV8C9418 | 1.0000 | % | Ireland Government EUR Bonds 16/26 | EUR | 400.0 | % | 106.747 | 426,988.00 | 0.22 |
| IE00BFZRQ242 | 1.3500 | % | Ireland Government EUR Bonds 18/31 | EUR | 150.0 | % | 112.263 | 168,394.50 | 0.09 |
| IE00BFZRPZ02 | 1.3000 | % | Ireland Government EUR Bonds 18/33 | EUR | 100.0 | % | 112.324 | 112,324.00 | 0.06 |
| Italy |  |  |  |  |  |  |  | 10,772,013.65 | 5.49 |
| XS0986194883 | 4.0000 | % | Intesa Sanpaolo EUR MTN 13/23 | EUR | 400.0 | % | 108.891 | 435,562.16 | 0.22 |
| IT0003535157 | 5.0000 | % | Italy Buoni Poliennali Del |  |  |  |  |  |  |
| IT0004286966 | 5.0000 | % | Tesoro EUR Bonds 03/34 Italy Buoni Poliennali Del | EUR | 660.0 | % | 146.896 | 969,513.53 | 0.50 |
| IT0004532559 | 5.0000 | % | Tesoro EUR Bonds 07/39 Italy Buoni Poliennali Del | EUR | 650.0 | % | 157.215 | 1,021,897.44 | 0.52 |
| IT0004644735 | 4.5000 | % | Tesoro EUR Bonds 09/40 Italy Buoni Poliennali Del | EUR | 790.0 | % | 159.155 | 1,257,324.42 | 0.64 |
| IT0004953417 | 4.5000 | % | Tesoro EUR Bonds 10/26 Italy Buoni Poliennali Del | EUR | 2,000.0 | % | 119.854 | 2,397,080.00 | 1.22 |
| IT0005274805 | 2.0500 | % | Tesoro EUR Bonds 13/24 Italy Buoni Poliennali Del | EUR | 800.0 | % | 111.645 | 893,160.00 | 0.46 |
| IT0005323032 | 2.0000 | % | Tesoro EUR Bonds 17/27 Italy Buoni Poliennali Del | EUR | 300.0 | % | 110.375 | 331,124.97 | 0.17 |
| IT0005403396 | 0.9500 | % | Tesoro EUR Bonds 18/28 Italy Buoni Poliennali Del | EUR | 1,300.0 | % | 110.453 | 1,435,888.87 | 0.73 |
| IT0005413171 | 1.6500 | % | Tesoro EUR Bonds 20/30 Italy Buoni Poliennali Del | EUR | 600.0 | % | 102.228 | 613,367.94 | 0.31 |
| IT0000366655 | 9.0000 | % | Tesoro EUR Bonds 20/30 Italy Buoni Poliennali Del | EUR | 780.0 | % | 108.128 | 843,398.32 | 0.43 |
|  |  |  | Tesoro EUR Bonds 93/23 | EUR | 480.0 | % | 119.520 | 573,696.00 | 0.29 |
| Japan |  |  |  |  |  |  |  | 403,397.01 | 0.20 |
| XS2241387252 | 0.2140 | % | Mizuho Financial Group EUR MTN 20/25 | EUR | 300.0 | % | 100.590 | 301,770.78 | 0.15 |
| XS2098350965 | 0.7970 | % | Mizuho Financial Group EUR MTN 20/30 | EUR | 100.0 | % | 101.626 | 101,626.23 | 0.05 |
| Canada |  |  |  |  |  |  |  | 807,150.24 | 0.41 |
| XS2104915207 | 0.0100 | % | Royal Bank of Canada EUR MTN 20/27 | EUR | 600.0 | % | 100.753 | 604,517.46 | 0.31 |
| XS1401105587 | 0.3750 | % | Toronto-Dominion Bank EUR MTN 16/23 | EUR | 200.0 | % | 101.316 | 202,632.78 | 0.10 |
| Luxembourg |  |  |  |  |  |  |  | 2,547,083.19 | 1.30 |
| XS1678966935 | 1.7500 | % | CNH Industrial Finance |  |  |  |  |  |  |
| EU000A1G0DW4 | 1.8000 | % | Europe EUR MTN 17/25 European Financial Stability | EUR | 200.0 | % | 105.992 | 211,983.44 | 0.11 |
| EU000A1G0D96 | 1.7500 | % | Facility EUR MTN 17/48 European Financial Stability | EUR | 490.0 | % | 130.144 | 637,707.22 | 0.32 |
| XS1589806907 | 1.6250 | % | Facility EUR Notes 18/53 HeidelbergCement Finance | EUR | 240.0 | % | 131.671 | 316,010.57 | 0.16 |
| XS1629387462 | 1.5000 | % | Luxembourg EUR MTN 17/26 HeidelbergCement Finance | EUR | 600.0 | % | 106.491 | 638,943.66 | 0.33 |
| XS1960678099 | 0.3750 | % | Luxembourg EUR MTN 17/27 Medtronic Global Holdings | EUR | 600.0 | % | 106.906 | 641,438.16 | 0.33 |
|  |  |  | EUR Notes 19/23 | EUR | 100.0 | % | 101.000 | 101,000.14 | 0.05 |
| New Zealand |  |  |  |  |  |  |  | 207,710.46 | 0.11 |
| XS1887485032 | 0.7500 | % | ASB Finance (London) EUR MTN 18/25 | EUR | 200.0 | % | 103.855 | 207,710.46 | 0.11 |
| The Netherlands |  |  |  |  |  |  |  | 4,414,916.84 | 2.25 |
| XS1982037696 | 0.5000 | % | ABN AMRO Bank EUR MTN 19/26 | EUR | 200.0 | % | 102.579 | 205,157.36 | 0.11 |
| XS1548493946 | 1.3750 | % | ABN AMRO Bank EUR Notes 17/37 | EUR | 300.0 | % | 114.210 | 342,630.57 | 0.18 |
| XS2010447238 | 0.7500 | % | BMW Finance EUR MTN 19/26 | EUR | 100.0 | % | 103.780 | 103,780.16 | 0.05 |

Investment Portfolio as at 30/09/2021
| ISIN | Securities | Shares/ Currency (in 1,000)/ Contracts | Holdings 30/09/2021 | Price | Market Value in EUR | % of Subfund assets |
| --- | --- | --- | --- | --- | --- | --- |
| XS1689523840 | 1.1250 | % | Brenntag Finance EUR Notes 17/25 | EUR | 600.0 | % | 104.144 | 624,863.28 | 0.32 |
| XS1558083652 | 1.8750 | % | EDP Finance EUR MTN 17/23 | EUR | 400.0 | % | 104.352 | 417,409.88 | 0.21 |
| XS1796079488 | 2.0000 | % | ING Groep EUR FLR-Notes 18/30 | EUR | 100.0 | % | 105.319 | 105,318.67 | 0.05 |
| XS1882544973 | 2.0000 | % | ING Groep EUR MTN 18/28 | EUR | 200.0 | % | 110.618 | 221,236.24 | 0.11 |
| XS1933820372 | 2.1250 | % | ING Groep EUR MTN 19/26 | EUR | 400.0 | % | 108.804 | 435,217.04 | 0.22 |
| XS1907155235 | 1.5000 | % | Nederlandse Waterschapsbank |  |  |  |  |  |  |
|  |  |  | EUR Notes 18/39 | EUR | 400.0 | % | 117.348 | 469,392.40 | 0.24 |
| NL0000102234 | 4.0000 | % | Netherlands Government EUR Bonds 05/37 | EUR | 220.0 | % | 159.318 | 350,499.58 | 0.18 |
| NL0009446418 | 3.7500 | % | Netherlands Government EUR Bonds 10/42 | EUR | 180.0 | % | 171.054 | 307,897.18 | 0.16 |
| NL0010071189 | 2.5000 | % | Netherlands Government EUR Bonds 12/33 | EUR | 20.0 | % | 128.814 | 25,762.80 | 0.01 |
| NL0013332430 | 0.2500 | % | Netherlands Government EUR Bonds 19/29 | EUR | 180.0 | % | 103.981 | 187,165.80 | 0.10 |
| XS1956955980 | 0.6250 | % | Rabobank EUR MTN 19/24 | EUR | 200.0 | % | 102.086 | 204,171.54 | 0.10 |
| XS1991126431 | 1.1250 | % | Rabobank EUR MTN 19/31 | EUR | 200.0 | % | 106.651 | 213,301.22 | 0.11 |
| DE000A2R8NC5 | 0.1250 | % | Vonovia Finance EUR MTN 19/23 | EUR | 200.0 | % | 100.557 | 201,113.12 | 0.10 |
| Norway |  |  |  |  |  |  |  | 206,965.04 | 0.10 |
| XS0881369770 | 2.1250 | % | Eika Boligkreditt EUR MTN 13/23 | EUR | 200.0 | % | 103.483 | 206,965.04 | 0.10 |
| Austria |  |  |  |  |  |  |  | 1,465,678.82 | 0.75 |
| AT0000A04967 | 4.1500 | % | Austria Government EUR Bonds 07/37 | EUR | 240.0 | % | 159.359 | 382,460.62 | 0.20 |
| AT0000A269M8 | 0.5000 | % | Austria Government EUR Bonds 19/29 | EUR | 70.0 | % | 105.150 | 73,605.18 | 0.04 |
| AT0000A2NW83 | 0.0000 | % | Austria Government EUR Zero- |  |  |  |  |  |  |
|  |  |  | Coupon Bonds 20.02.2031 | EUR | 400.0 | % | 99.935 | 399,740.52 | 0.20 |
| AT0000A2JAF6 | 0.0500 | % | Erste Group Bank EUR MTN 20/25 | EUR | 200.0 | % | 100.499 | 200,998.34 | 0.10 |
| XS1917590876 | 0.7500 | % | OMV EUR MTN 18/23 | EUR | 400.0 | % | 102.219 | 408,874.16 | 0.21 |
| Portugal |  |  |  |  |  |  |  | 1,384,852.70 | 0.71 |
| PTOTE5OE0007 | 4.1000 | % | Portugal Obrigações do |  |  |  |  |  |  |
| PTOTEAOE0021 | 4.9500 | % | Tesouro EUR Bonds 06/37 Portugal Obrigações do | EUR | 160.0 | % | 150.832 | 241,331.20 | 0.12 |
| PTOTETOE0012 | 2.8750 | % | Tesouro EUR Bonds 08/23 Portugal Obrigações do | EUR | 100.0 | % | 111.772 | 111,772.00 | 0.06 |
| PTOTEWOE0017 | 2.2500 | % | Tesouro EUR Bonds 16/26 Portugal Obrigações do | EUR | 100.0 | % | 115.904 | 115,904.00 | 0.06 |
| PTOTEMOE0035 | 0.7000 | % | Tesouro EUR Bonds 18/34 Portugal Obrigações do | EUR | 20.0 | % | 121.095 | 24,219.00 | 0.01 |
| PTOTELOE0028 | 0.4750 | % | Tesouro EUR Bonds 20/27 Portugal Obrigações do | EUR | 650.0 | % | 105.573 | 686,224.50 | 0.35 |
|  |  |  | Tesouro EUR Bonds 20/30 | EUR | 200.0 | % | 102.701 | 205,402.00 | 0.11 |
| Singapore |  |  |  |  |  |  |  | 102,641.03 | 0.05 |
| XS1750083229 | 0.5000 | % | United Overseas Bank EUR MTN 18/25 | EUR | 100.0 | % | 102.641 | 102,641.03 | 0.05 |
| Slovakia |  |  |  |  |  |  |  | 105,353.95 | 0.05 |
| SK4120012220 | 0.6250 | % | Slovakia Government EUR |  |  |  |  |  |  |
|  |  |  | Bonds 16/26 S.231 | EUR | 100.0 | % | 105.354 | 105,353.95 | 0.05 |
| Spain |  |  |  |  |  |  |  | 8,765,931.96 | 4.47 |
| XS1878191052 | 0.8750 | % | Amadeus IT Group EUR MTN 18/23 | EUR | 400.0 | % | 101.730 | 406,921.32 | 0.21 |
| XS2058729653 | 0.3750 | % | Banco Bilbao Vizcaya Argentaria |  |  |  |  |  |  |
| ES0413211071 | 4.0000 | % | EUR MTN 19/24 Banco Bilbao Vizcaya Argentaria | EUR | 200.0 | % | 101.449 | 202,897.22 | 0.10 |
|  |  |  | EUR Notes 05/25 | EUR | 100.0 | % | 114.796 | 114,796.35 | 0.06 |
| ES0414950628 | 4.0000 | % | Bankia EUR Notes 05/25 | EUR | 100.0 | % | 114.468 | 114,468.28 | 0.06 |
| XS1752476538 | 0.7500 | % | CaixaBank EUR MTN 18/23 | EUR | 200.0 | % | 101.632 | 203,263.48 | 0.10 |
| XS1968846532 | 1.1250 | % | CaixaBank EUR MTN 19/26 | EUR | 200.0 | % | 104.471 | 208,942.72 | 0.11 |
| XS2102931594 | 0.3750 | % | CaixaBank EUR MTN 20/25 | EUR | 400.0 | % | 101.392 | 405,569.24 | 0.21 |
| ES0414970204 | 3.8750 | % | CaixaBank EUR Notes 05/25 | EUR | 100.0 | % | 114.179 | 114,179.00 | 0.06 |
| XS1956025651 | 1.0000 | % | Santander Consumer Finance |  |  |  |  |  |  |
| XS2100690036 | 0.3750 | % | EUR MTN 19/24 Santander Consumer Finance | EUR | 300.0 | % | 102.835 | 308,505.84 | 0.16 |
|  |  |  | EUR MTN 20/25 | EUR | 400.0 | % | 101.302 | 405,209.48 | 0.21 |
| ES0000012932 | 4.2000 | % | Spain Government EUR Bonds 05/37 | EUR | 530.0 | % | 150.202 | 796,070.60 | 0.40 |
| ES00000123C7 | 5.9000 | % | Spain Government EUR Bonds 11/26 | EUR | 500.0 | % | 130.071 | 650,355.00 | 0.33 |
| ES00000124H4 | 5.1500 | % | Spain Government EUR Bonds 13/44 | EUR | 280.0 | % | 183.314 | 513,279.20 | 0.26 |
| ES00000124W3 | 3.8000 | % | Spain Government EUR Bonds 14/24 | EUR | 630.0 | % | 111.174 | 700,396.20 | 0.36 |

Investment Portfolio as at 30/09/2021
| ISIN | Securities | Shares/ Currency (in 1,000)/ Contracts | Holdings 30/09/2021 | Price | Market Value in EUR | % of Subfund assets |
| --- | --- | --- | --- | --- | --- | --- |
| ES00000127G9 | 2.1500 | % | Spain Government EUR Bonds 15/25 | EUR | 400.0 | % | 110.400 | 441,600.00 | 0.22 |
| ES00000127A2 | 1.9500 | % | Spain Government EUR Bonds 15/30 | EUR | 890.0 | % | 114.996 | 1,023,464.40 | 0.52 |
| ES0000012A89 | 1.4500 | % | Spain Government EUR Bonds 17/27 | EUR | 610.0 | % | 109.477 | 667,809.70 | 0.34 |
| ES00000128Q6 | 2.3500 | % | Spain Government EUR Bonds 17/33 | EUR | 400.0 | % | 120.701 | 482,804.00 | 0.25 |
| ES0000012B47 | 2.7000 | % | Spain Government EUR Bonds 18/48 | EUR | 200.0 | % | 134.017 | 268,034.00 | 0.14 |
| ES0000012G26 | 0.8000 | % | Spain Government EUR Bonds 20/27 | EUR | 700.0 | % | 105.338 | 737,365.93 | 0.37 |
| Supranational |  |  |  |  |  |  |  | 3,567,219.22 | 1.82 |
| XS1966120096 | 0.5000 | % | African Development Bank |  |  |  |  |  |  |
|  |  |  | EUR Notes 19/29 | EUR | 590.0 | % | 103.614 | 611,323.72 | 0.31 |
| XS0807336077 | 2.7500 | % | European Investment Bank EUR MTN 12/25 | EUR | 600.0 | % | 112.803 | 676,815.30 | 0.35 |
| XS0975634204 | 3.0000 | % | European Investment Bank EUR MTN 13/33 | EUR | 400.0 | % | 133.331 | 533,322.12 | 0.27 |
| XS1503043694 | 0.2500 | % | European Investment Bank EUR MTN 16/29 | EUR | 300.0 | % | 103.030 | 309,088.50 | 0.16 |
| XS2148404994 | 0.0000 | % | European Investment Bank EUR |  |  |  |  |  |  |
| EU000A1Z99D5 | 1.2000 | % | Zero-Coupon Notes 23.05.2023 European Stability Mechanism | EUR | 300.0 | % | 100.983 | 302,948.85 | 0.15 |
| EU000A1Z99H6 | 0.5000 | % | EUR MTN 18/33 European Stability Mechanism | EUR | 650.0 | % | 111.643 | 725,676.25 | 0.37 |
|  |  |  | EUR MTN 19/29 | EUR | 390.0 | % | 104.627 | 408,044.48 | 0.21 |
| USA |  |  |  |  |  |  |  | 4,967,386.17 | 2.53 |
| XS2055646918 | 0.7500 | % | AbbVie EUR Notes 19/27 | EUR | 400.0 | % | 102.688 | 410,752.64 | 0.21 |
| XS1619312686 | 1.3750 | % | Apple EUR Notes 17/29 | EUR | 200.0 | % | 109.142 | 218,284.76 | 0.11 |
| XS1877836079 | 1.0000 | % | Archer-Daniels-Midland EUR Notes 18/25 | EUR | 400.0 | % | 104.357 | 417,426.84 | 0.21 |
| XS1079726334 | 2.3750 | % | Bank of America EUR MTN 14/24 | EUR | 400.0 | % | 106.943 | 427,771.40 | 0.22 |
| XS1998215559 | 1.3000 | % | Baxter International EUR Notes 19/29 | EUR | 500.0 | % | 105.852 | 529,258.40 | 0.27 |
| XS1822506272 | 1.4010 | % | Becton Dickinson EUR Notes 18/23 | EUR | 100.0 | % | 102.559 | 102,558.86 | 0.05 |
| XS2034626460 | 0.4500 | % | FedEx EUR Notes 19/25 | EUR | 200.0 | % | 101.709 | 203,418.04 | 0.10 |
| XS1509006380 | 1.2500 | % | Goldman Sachs Group EUR MTN 16/25 | EUR | 200.0 | % | 103.279 | 206,557.54 | 0.11 |
| XS1458408561 | 1.6250 | % | Goldman Sachs Group EUR MTN 16/26 | EUR | 200.0 | % | 106.881 | 213,762.76 | 0.11 |
| XS2107332640 | 0.8750 | % | Goldman Sachs Group EUR MTN 20/30 | EUR | 400.0 | % | 102.297 | 409,189.04 | 0.21 |
| XS1617845679 | 1.5000 | % | International Business Machines |  |  |  |  |  |  |
|  |  |  | EUR Notes 17/29 | EUR | 200.0 | % | 108.692 | 217,383.10 | 0.11 |
| XS1034975406 | 3.0000 | % | JPMorgan Chase EUR MTN 14/26 | EUR | 400.0 | % | 113.288 | 453,152.72 | 0.23 |
| XS1979259220 | 0.3750 | % | Metropolitan Life Global |  |  |  |  |  |  |
|  |  |  | Funding I EUR Notes 19/24 | EUR | 200.0 | % | 101.674 | 203,347.34 | 0.10 |
| XS2338643740 | 0.4060 | % | Morgan Stanley EUR FLR-Notes 21/27 | EUR | 100.0 | % | 100.642 | 100,642.41 | 0.05 |
| XS1603892149 | 1.8750 | % | Morgan Stanley EUR MTN 17/27 | EUR | 400.0 | % | 108.943 | 435,772.00 | 0.22 |
| XS1115208107 | 1.8750 | % | Morgan Stanley EUR Notes 14/23 | EUR | 200.0 | % | 103.355 | 206,710.52 | 0.11 |
| XS1979280937 | 1.2500 | % | Verizon Communications EUR Notes 19/30 | EUR | 200.0 | % | 105.699 | 211,397.80 | 0.11 |
| United Kingdom |  |  |  |  |  |  |  | 2,092,090.09 | 1.07 |
| XS1992927902 | 1.2310 | % | BP Capital Markets EUR MTN 19/31 | EUR | 590.0 | % | 104.492 | 616,504.63 | 0.32 |
| XS1886402814 | 0.8750 | % | British Telecommunications EUR MTN 18/23 | EUR | 200.0 | % | 101.873 | 203,745.86 | 0.10 |
| XS1228153661 | 1.3750 | % | Pearson Funding EUR Notes 15/25 | EUR | 400.0 | % | 104.055 | 416,219.20 | 0.21 |
| XS0995643003 | 3.0000 | % | WPP Finance 2013 EUR MTN 13/23 | EUR | 800.0 | % | 106.953 | 855,620.40 | 0.44 |
| Cyprus |  |  |  |  |  |  |  | 639,327.72 | 0.33 |
| XS1457553367 | 3.7500 | % | Cyprus Government EUR MTN 16/23 | EUR | 200.0 | % | 107.755 | 215,510.36 | 0.11 |
| XS1637276848 | 2.7500 | % | Cyprus Government EUR MTN 17/24 | EUR | 200.0 | % | 108.787 | 217,574.60 | 0.11 |
| XS1989405425 | 0.6250 | % | Cyprus Government EUR MTN 19/24 | EUR | 200.0 | % | 103.121 | 206,242.76 | 0.11 |
| REITs (Real Estate | Investment Trusts) |  |  |  |  | 394,181.68 | 0.20 |
| USA |  |  |  |  |  | 259,459.30 | 0.13 |
| US44107P1049 | Host Hotels & Resorts Real Estate Investment Trust | Shs | 7,322 | USD | 16.660 | 105,113.82 | 0.05 |
| US7005171050 | Park Hotels & Resorts Real Estate Investment Trust | Shs | 9,148 | USD | 19.580 | 154,345.48 | 0.08 |
| United Kingdom |  |  |  |  |  | 134,722.38 | 0.07 |
| GB00B5ZN1N88 | Segro Real Estate Investment Trust | Shs | 9,579 | GBP | 12.145 | 134,722.38 | 0.07 |
| Rights |  |  |  |  |  | 25,821.95 | 0.01 |
| Germany |  |  |  |  |  | 25,821.95 | 0.01 |
| DE000A3E5B58 | Deutsche Lufthansa -Rights- | Shs | 11,905 | EUR | 2.169 | 25,821.95 | 0.01 |
| Fund units |  |  |  |  |  | 17,793,798.42 | 9.07 |

(Ongoing costs [incl. management fee] or management fee or flat-rate all-in fee for the target fund as a % p.a.)
Investment Portfolio as at 30/09/2021
| ISIN | Securities | Shares/ Currency (in 1,000)/ Contracts | Holdings 30/09/2021 | Price | Market Value in EUR | % of Subfund assets |
| --- | --- | --- | --- | --- | --- | --- |
| Germany |  |  |  |  | 5,628,977.30 | 2.87 |
| DE000A2DU1P0 | Allianz Adiverba -P- EUR - (0.950%) | Shs | 4,670.459 | EUR 1,205.230 | 5,628,977.30 | 2.87 |
| Ireland |  |  |  |  | 2,355,834.24 | 1.20 |
| IE00BGDQ0T50 | iShares IV plc - iShares MSCI EM SRI |  |  |  |  |  |
|  | UCITS ETF USD - EUR - (0.250%) | Shs | 423,635.000 | EUR	5.561 | 2,355,834.24 | 1.20 |
| Luxembourg |  |  |  |  | 9,808,986.88 | 5.00 |
| LU2025541991 | Allianz Global Investors Fund - Allianz Best Styles |  |  |  |  |  |
| LU1560902550 | Europe Equity SRI -WT9- EUR - (0.500%) Allianz Global Investors Fund - Allianz Europe | Shs | 48.780 | EUR  120,362.410 | 5,871,278.36 | 2.99 |
|  | Equity Value -W9- EUR - (0.650%) | Shs | 37.868 | EUR  103,985.120 | 3,937,708.52 | 2.01 |
| Total securities and money-market instruments |  |  |  | 191,271,568.00 | 97.46 |
| Deposits at financial institutions |  |  |  | 4,701,678.83 | 2.39 |
| Sight deposits |  |  |  | 4,701,678.83 | 2.39 |
| State Street Bank International GmbH. |  |  |  |  |  |
| Zweigniederlassung Luxemburg | EUR |  |  | 4,579,824.13 | 2.33 |
| Deposits used for collateralisation of derivatives | EUR |  |  | 121,854.70 | 0.06 |
| Total deposits at financial institutions |  |  |  | 4,701,678.83 | 2.39 |
|  |  |  |  |  |  |
| Securities | Shares/ | Holdings | Price | Unrealised | % of |
|  | Currency (in 1,000)/ Contracts | 30/09/2021 |  | gain/loss in EUR | Subfund assets |
| Derivatives |  |  |  |  |  |
| Holdings marked with a minus are short positions. |  |  |  |  |  |
| Listed derivatives |  |  |  | -17,890.00 | -0.01 |
| Financial futures transactions |  |  |  | -17,890.00 | -0.01 |
| Purchased index futures |  |  |  | -25,890.00 | -0.01 |
| DJ EURO STOXX 600 ESG-X Index Futures 12/21 | Ctr | 70 | EUR	170.200 | -25,890.00 | -0.01 |
| Short bond futures |  |  |  | 8,000.00 | 0.00 |
| 5-Year German Government Bond (Bobl) Futures 12/21 | Ctr | -10 | EUR	135.000 | 8,000.00 | 0.00 |
| Total derivatives |  |  |  | -17,890.00 | -0.01 |
| Other assets/liabilities | EUR |  |  | 306,315.05 | 0.16 |
| Net assets of the Subfund | EUR |  |  | 196,261,671.88 | 100.00 |
|  |  |  |  |  |  |
| Net asset value per share - Class A (EUR) (distributing) | EUR |  |  | 109.27 |  |
| - Class Allianz Avenir 50 AT2 (EUR) (accumulating) | EUR |  |  | 98.95 |  |
| - Class C (EUR) (distributing) | EUR |  |  | 120.60 |  |
| - Class IT2 (EUR) (accumulating) | EUR |  |  | 1,088.46 |  |
| - Class P (EUR) (distributing) Shares in circulation
- Class A (EUR) (distributing)
 | EUR Shs |  |  | 1,117.18 3,219 |  |
| - Class Allianz Avenir 50 AT2 (EUR) (accumulating) | Shs |  |  | 1,288 |  |
| - Class C (EUR) (distributing) | Shs |  |  | 1,517,586 |  |
| - Class IT2 (EUR) (accumulating) | Shs |  |  | 11,294 |  |
| - Class P (EUR) (distributing) | Shs |  |  | 416 |  |

Details of the changes in portfolio composition during the period under review can be obtained free of charge from Allianz Global Investors GmbH - Luxembourg Branch.
| Statement of Operations |  |  | Statement of Net Assets of the Subfund |  |
| --- | --- | --- | --- | --- |
| For the period from 01/10/2020 to 30/09/2021 |  |  | as at 30/09/2021 |
|  | EUR |  |  | EUR |
| Interest on |  |  | Securities and money-market instruments |  |
| - bonds | 1,116,055.26 |  | (Cost Price EUR 176,292,787.54) | 191,271,568.00 |
| Interest on the liquidity portfolio |  |  | Bank deposits | 4,701,678.83 |
| - Positive deposit rates | 982.62 |  | Interest receivable on |  |
| - Negative deposit rates | -24,626.13 |  | - bonds | 417,875.12 |
| Dividends | 1,934,812.80 |  | Accrued dividends | 199,344.64 |
| Income from |  |  | Other receivables | 136.50 |
| - investment units | 65,054.69 |  | Unrealised gain on |  |
| - securities lending | 268.15 |  | - financial futures transactions | 8,000.00 |
| Other income | 1,105.75 |  | Total assets | 196,598,603.09 |
| Total income | 3,093,653.14 |  | Payable on |  |
| Expenses from |  |  | - redemption of fund units | -16,255.29 |
| - securities lending | -80.46 |  | - securities transactions | -20,570.58 |
| Taxe d’Abonnement | -85,899.06 |  | Other payables | -274,215.34 |
| All-in fee | -2,915,767.26 |  | Unrealised loss on |  |
| Other expenses | -336.15 |  | - financial futures transactions | -25,890.00 |
| Total expenses | -3,002,082.93 |  | Total liabilities and equity | -336,931.21 |
| Net income/loss | 91,570.21 |  | Net assets of the Subfund | 196,261,671.88 |
| Realised gain/loss on |  |  |
| - securities transactions | 8,253,688.19 |
| - financial futures transactions | -5,128,558.35 |
| - foreign exchange | -917,563.27 |
| Net realised gain/loss | 2,299,136.78 |
| Changes in unrealised appreciation/depreciation on |  |
| - securities transactions | 13,270,548.10 |
| - financial futures transactions | -427,414.56 |
| - foreign exchange | 13,170.91 |
| Result of operations | 15,155,441.23 |

| Statement of Changes in Net Assets of the | Subfund |
| --- | --- |
| for the period from 01/10/2020 to 30/09/2021 |  |
|  | EUR |
| Net assets of the Subfund at the beginning of the reporting period | 184,613,619.83 |
| Subscriptions | 13,863,960.93 |
| Redemptions | -17,178,639.68 |
| Distribution | -192,710.43 |
| Result of operations | 15,155,441.23 |

Net assets of the Subfund at the end of the reporting
period
196,261,671.88
| Statement of Changes in Shares |  |
| --- | --- |
|  | 2020/2021 | 2019/2020 |
| Number of shares in issue at the beginning of the reporting period | 1,524,421 | 1,080,016 |
| - issued | 95,896 | 518,548 |
| - redeemed | -86,514 | -74,143 |

Number of shares in issue at the end of the reporting
period
1,533,803	1,524,421

Translation (ENFR, 2021-09-30):
# Allianz Vermögenskonzept SRI Ausgewogen
Le compartiment vise un profil de portefeuille constitué à 50 % d’actifs à rendement plus optimisé (p. ex. actions, matières premières) et 50 % d’actifs plus stables (obligations en euros). Selon l’évaluation du marché, il peut investir jusqu’à 70 % dans des produits à rendement plus optimisé. Il investit au moins
30 % dans des actifs plus stables. Les émetteurs d’actions et d’obligations sont soumis à une analyse de leur caractère durable. Dans ce cadre, les critères environnementaux, sociaux et de gouvernance d’entreprise seront particulièrement pris en compte. Cela doit permettre au compartiment d’accroître son capital à long terme. Le compartiment s’efforce également de limiter les pertes éventuelles à la fin de l’exercice par rapport au prix des actions au début de l’année (aucune garantie).
Au cours de l’année de référence, l’économie mondiale s’est remise du marasme qui a suivi la pandémie de coronavirus. Les banques centrales des économies occidentales ont maintenu leur politique de taux d’intérêt proches de zéro face à l’augmentation considérable de la dette publique. Dans ce contexte, la reprise des cours, amorcée après le recul du printemps 2020, s’est poursuivie sur la plupart des marchés boursiers internationaux. Toutefois, compte tenu de l’optimisme conjoncturel persistant et de l’accélération de l’inflation, la rémunération des obligations d’États de premier ordre dans les pays développés a légèrement progressé, ce qui a entraîné une baisse des cours, surtout à long terme. Dans le même temps, les écarts des taux d’intérêt ont largement reculé dans le domaine des titres de société, ce qui a pour la plupart donné lieu à un rendement positif.
Dans un premier temps, la composante obligataire était encore prédominante dans le compartiment. Les émissions du secteur public en provenance de la zone euro y étaient principalement représentées. Après le tournant de l’année, les titres à revenu fixe ont été fortement réduits en faveur des actions, de sorte qu’à la date de clôture, ces dernières représentaient environ 60 % du portefeuille. Dans le cadre de la réduction de l’exposition aux obligations, les titres obligataires d’État ont principalement été remplacés par des obligations d’entreprises aux rémunérations plus attrayantes. Dans le même temps, la duration (durée moyenne de l’immobilisation du capital) des titres à revenu fixe a augmenté
de manière significative pour approcher les sept ans. La notation de crédit moyenne des positions obligataires a légèrement diminué pour atteindre A+ à la fin du mois de mars 2021.
Au niveau sectoriel, le portefeuille a accordé davantage de place aux technologies de l’information, à la consommation cyclique et à la finance, et ce en réduisant la place auparavant accordée aux segments des soins de santé, de l’industrie et de la consommation classique. Du point de vue des pays, l’accent a été mis sur les titres américains, les valeurs boursières des principales économies européennes étant également représentées. De nouveaux investissements ont été réalisés dans des fonds d’actions sélectionnés, présentant des priorités différentes en termes de régions et de secteurs. Des instruments dérivés appropriés ont été utilisés pour contrôler de manière plus précise l’exposition effective aux marchés des actions et des obligations. Le portefeuille a continué de faire l’impasse sur les placements en matières premières.
Grâce à sa politique de placement, le compartiment a connu une forte augmentation de valeur.
La performance exacte générée par le Compartiment au cours de la période est indiquée dans le tableau
« Performance des Compartiments » en pages 2 et 3. Veuillez vous reporter aux Informations clés pour les investisseurs ainsi qu’au Prospectus pour de plus amples renseignements sur le Compartiment.
25 
20	20,12
15
10
5
0
États- Unis
Allemagne	France	Royau-
me-Uni
Italie	Luxem- bourg
Pays-
Bas
Espagne	Suisse	Dane-
mark
Japon	Irlande	Autres
pays
Réserve de liquidités, autres
| Le Compartiment en chiffres |  |
| --- | --- |
|  | 30.09.2021 | 30.09.2020 | 30.09.2019 |
| Actifs du Compartiment en millions d’EUR | 196,3 | 184,6 | 145,6 |
| Actions en circulation  1) - Catégorie A (EUR) (distribution)	WKN: A0M 2S1/ISIN: LU0324636496 | 3.219 | 4.346 | 4.414 |
| - Catégorie Allianz Avenir 50 AT2 (EUR) WKN: A2N 6DY/ISIN: LU1885500964 | 1.288 | 1.654 | 108 |

| (capitalisation) |  |
| --- | --- |
| - Catégorie C (EUR) (distribution) | WKN: A0M 2S3/ISIN: LU0324636652 | 1.517.586 | 1.499.638 | 1.069.184 |
| - Catégorie IT2 (EUR) (capitalisation) | WKN: A2A RPZ/ISIN: LU1490969653 | 11.294 | 8.909 | 5.537 |
| - Catégorie P (EUR) (distribution) | WKN: A1X B8S/ISIN: LU1017863587 | 416 | 343 | 772 |
| - Catégorie W20 (EUR) (distribution) | WKN: A2P W6N/ISIN: LU2095488016 | -- | 9.531 | -- |
| Valeur nette d’inventaire en EUR par action |
| - Catégorie A (EUR) (distribution) | WKN: A0M 2S1/ISIN: LU0324636496 | 109,27 | 100,76 | 116,84 |
| - Catégorie Allianz Avenir 50 AT2 (EUR) WKN: A2N 6DY/ISIN: LU1885500964	98,95	91,07	104,39 |

| (capitalisation) |  |
| --- | --- |
| - Catégorie C (EUR) (distribution) | WKN: A0M 2S3/ISIN: LU0324636652 | 120,60 | 111,22 | 128,96 |
| - Catégorie IT2 (EUR) (capitalisation) | WKN: A2A RPZ/ISIN: LU1490969653 | 1.088,46 | 993,66 | 1.129,75 |
| - Catégorie P (EUR) (distribution) | WKN: A1X B8S/ISIN: LU1017863587 | 1.117,18 | 1.029,26 | 1.192,85 |
| - Catégorie W20 (EUR) (distribution) | WKN: A2P W6N/ISIN: LU2095488016 | -- | 842,09 | -- |

1) 
Données consolidées relatives à toutes les catégories d’actions ouvertes à la date du rapport.
Pour de plus amples renseignements sur les dates de lancement et de liquidation, veuillez vous reporter au tableau intitulé « Performance » en pages 2 à 3.