# Statement of net assets of Ethna-DYNAMISCH as of 31 December 2021
18	
Statement of net assets as of 31 December 2021
| ISIN | Securities |  | Acquisitions in the period under review | Disposals in the period under review | Holdings | Price | Price EUR | % share of NFA 1) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equities, rights and profit participation certificates Securities traded on an exchange Cayman Islands US01609W1027	Alibaba Group Holding Ltd. ADR | USD | 10,000 | 15,000 | 25,000 | 112.0900 | 2,469,160.28 | 1.66 |
|  | 2,469,160.28 | 1.66 |
| Denmark DK0060738599 | Demant AS | DKK | 0 | 140,000 | 60,000 | 337.2000 | 2,720,524.96 | 1.83 |
|  | 2,720,524.96 | 1.83 |
| Germany |  |  |  |  |  |  |  |  |
| DE000A2LQ884 | AUTO1 Group SE | EUR | 20,000 | 0 | 20,000 | 19.5650 | 391,300.00 | 0.26 |
| DE000BASF111 | BASF SE | EUR | 0 | 45,000 | 55,000 | 61.4700 | 3,380,850.00 | 2.28 |
| DE000A288904 | CompuGroup Medical SE & | EUR | 8,486 | 23,486 | 40,000 | 70.6500 | 2,826,000.00 | 1.90 |
|  | Co.KgaA |  |  |  |  |  |  |  |
| DE0007571424 | GK Software SE | EUR | 15,000 | 8,000 | 7,000 | 155.5000 | 1,088,500.00 | 0.73 |
| DE000A3CMGN3 | hGears AG | EUR | 45,000 | 15,000 | 30,000 | 21.4000 | 642,000.00 | 0.43 |
| DE0007164600 | SAP SE | EUR | 0 | 7,000 | 28,000 | 123.5600 | 3,459,680.00 | 2.33 |
| DE000A1ML7J1 | Vonovia SE | EUR | 2,774 | 25,169 | 60,000 | 48.2900 | 2,897,400.00 | 1.95 |
|  | 14,685,730.00 | 9.88 |
| Ireland IE00BTN1Y115	Medtronic Plc. | USD | 0 | 22,000 | 33,000 | 103.9500 | 3,022,601.11 | 2.04 |
|  | 3,022,601.11 | 2.04 |
| New Zealand NZATME0002S8	The a2 Milk Co. Ltd. | AUD | 0 | 175,000 | 375,000 | 5.5600 | 1,334,314.60 | 0.90 |
|  | 1,334,314.60 | 0.90 |
| Switzerland |  |  |  |  |  |  |  |  |
| CH0038389992 | BB Biotech AG | CHF | 0 | 30,000 | 50,000 | 76.5000 | 3,690,659.98 | 2.49 |
| CH0012032048 | Roche Holding AG participation certificates | CHF | 0 | 9,100 | 8,400 | 380.9000 | 3,087,186.41 | 2.08 |
|  |  |  |  |  |  | 6,777,846.39 | 4.57 |

1)	NFA = net fund assets. Due to rounding differences in the individual items, the total amounts may deviate from the actual value.
| ISIN | Securities | Acquisitions in the period under review | Disposals in the period under review | Holdings | Price | Price EUR | % share of NFA 1) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Spain |  |  |  |  |  |  |  |
| ES0148396007 | Industria de Diseño Textil S.A. | EUR	0 | 120,000 | 110,000 | 28.1900 | 3,100,900.00 | 2.09 |
|  |  |  |  |  |  | 3,100,900.00 | 2.09 |
| South Korea |  |  |  |  |  |  |  |
| KR7005931001 | Samsung Electronics Co. Ltd. -VZ- | KRW	0 | 55,000 | 65,000 | 71,700.0000 | 3,461,627.85 | 2.33 |
|  |  |  |  |  | 3,461,627.85 | 2.33 |
| United States of America |  |  |  |  |  |  |
| US00507V1098	Activision Blizzard Inc. | USD	0 | 27,000 | 53,000 | 67.1600 | 3,136,382.06 | 2.11 |
| US02079K3059	Alphabet Inc. | USD	0 | 2,700 | 1,300 | 2,933.1000 | 3,359,793.81 | 2.26 |
| US0311621009	Amgen Inc. | USD	9,000 | 15,000 | 14,000 | 227.6000 | 2,807,648.25 | 1.89 |
| US0846707026	Berkshire Hathaway Inc. | USD	0 | 22,500 | 15,000 | 299.4600 | 3,957,969.87 | 2.67 |
| US09247X1019	Blackrock Inc. | USD	0 | 9,500 | 3,500 | 909.7200 | 2,805,551.15 | 1.89 |
| US8085131055	Charles Schwab Corporation | USD	0 | 90,000 | 40,000 | 84.9600 | 2,994,448.85 | 2.02 |
| US2681501092	Dynatrace Inc. | USD	60,000 | 6,000 | 54,000 | 60.6000 | 2,883,425.85 | 1.94 |
| US3703341046	General Mills Inc. | USD	0 | 52,000 | 58,000 | 67.0200 | 3,425,112.34 | 2.31 |
| US5962781010	Middleby Corporation | USD	0 | 17,000 | 18,000 | 197.1100 | 3,126,249.01 | 2.11 |
| US6177001095	Morningstar Inc. | USD	5,000 | 17,000 | 13,000 | 344.0300 | 3,940,778.92 | 2.66 |
| US70432V1026	Paycom Software Inc. | USD	7,500 | 0 | 7,500 | 417.2100 | 2,757,137.19 | 1.86 |
| US70438V1061	Paylocity Holding Corporation | USD	15,000 | 1,500 | 13,500 | 237.2000 | 2,821,570.18 | 1.90 |
| US72703H1014	Planet Fitness Inc. | USD	0 | 42,000 | 38,000 | 90.8600 | 3,042,276.85 | 2.05 |
| US79466L3024	salesforce.com Inc. | USD	32,500 | 17,000 | 15,500 | 254.5400 | 3,476,403.21 | 2.34 |
| US8725401090	TJX Companies Inc. | USD	0 | 37,500 | 52,500 | 75.4600 | 3,490,748.08 | 2.35 |
| US92826C8394	VISA Inc. | USD	0 | 8,500 | 16,500 | 218.1700 | 3,171,913.83 | 2.14 |
| US9288811014	Vontier Corporation | USD	60,000 | 100,000 | 120,000 | 31.2800 | 3,307,427.97 | 2.23 |
| US88579Y1010	3M Co. | USD	0 | 21,500 | 18,500 | 178.4100 | 2,908,260.64 | 1.96 |
|  |  |  |  |  | 57,413,098.06 | 38.69 |
| United Kingdom |  |  |  |  |  |  |
| GB0006731235	Associated British Foods Plc. | GBP	0 | 40,000 | 110,000 | 20.1400 | 2,632,992.63 | 1.77 |
| GB00B0744B38	Bunzl Plc. | GBP	20,000 | 100,000 | 120,000 | 29.5100 | 4,208,699.79 | 2.84 |
| GB00BFZZM640	S4 Capital Plc. | GBP	495,000 | 120,000 | 375,000 | 6.3700 | 2,839,018.30 | 1.91 |
| GB00BMTV7393	THG Plc. | GBP	0 | 0 | 150,000 | 2.1920 | 390,777.28 | 0.26 |
| GB00B10RZP78	Unilever Plc. | EUR	0 | 75,000 | 65,000 | 47.2200 | 3,069,300.00 | 2.07 |
|  |  |  |  |  | 13,140,788.00 | 8.85 |
| Securities traded on an exchange |  |  |  |  | 108,126,591.25 | 72.84 |
| Securities admitted to or included on organised markets |  |  |  |  |  |  |
| Germany |  |  |  |  |  |  |
| DE000A3CMGM5 APONTIS PHARMA AG	EUR | 60,000 | 6,500 | 53,500 | 19.1000 | 1,021,850.00 | 0.69 |
| DE0005570808	UmweltBank AG	EUR | 22,500 | 0 | 22,500 | 19.8500 | 446,625.00 | 0.30 |
|  |  |  |  |  | 1,468,475.00 | 0.99 |
| Securities admitted to or included on organised markets |  |  |  |  | 1,468,475.00 | 0.99 |
| Equities, rights and profit participation certificates |  |  |  |  | 109,595,066.25 | 73.83 |


### 19
1)	NFA = net fund assets. Due to rounding differences in the individual items, the total amounts may deviate from the actual value.
| ISIN	Securities | Acquisitions in the period under review | Disposals in the period under review | Holdings | Price | Price EUR | % share of NFA 1) |
| --- | --- | --- | --- | --- | --- | --- |
| Bonds |  |  |  |  |  |  |
| Securities traded on an exchange |  |  |  |  |  |  |
| EUR |  |  |  |  |  |  |
| XS0832628423	2.250%  European Investment Bank (EIB) EMTN Reg.S. v.12(2022) | 3,000,000 | 500,000 | 2,500,000 | 102.2980 | 2,557,450.00 | 1.72 |
| DE000A2LQSS1	0.000%  Kreditanstalt für Wiederaufbau EMTN Reg.S. v.19(2022) | 3,000,000 | 500,000 | 2,500,000 | 100.3350 | 2,508,375.00 | 1.69 |
| DE000A2GSKL9  0.000%  Kreditanstalt für Wiederaufbau v.17(2022) | 0 | 500,000 | 2,500,000 | 100.6330 | 2,515,825.00 | 1.70 |
|  | 7,581,650.00 | 5.11 |
| NOK |  |  |  |  |  |  |
| XS1858079160	1.645%	European Investment Bank (EIB) EMTN Reg.S. v.18(2023) | 40,000,000 | 15,000,000 | 25,000,000 | 100.5460 | 2,523,162.32 | 1.70 |
| XS1555330999	1.500%	European Investment Bank(EIB) EMTN v.17(2024) | 0 | 10,000,000 | 25,000,000 | 100.1240 | 2,512,572.40 | 1.69 |
| XS2046690827	1.250%	Kreditanstalt für Wiederaufbau EMTN Green Bond v.19(2023) | 35,000,000 | 10,000,000 | 25,000,000 | 99.8750 | 2,506,323.84 | 1.69 |
|  | 7,542,058.56 | 5.08 |
| Securities traded on an exchange |  |  |  |  | 15,123,708.56 | 10.19 |
| Bonds |  |  |  |  | 15,123,708.56 | 10.19 |
| Certificates |  |  |  |  |  |  |
| Securities traded on an exchange |  |  |  |  |  |  |
| United States of America |  |  |  |  |  |  |
| DE000A0S9GB0  Dte. Börse Commodities	EUR GmbH/Gold Ounce 999 Cert. v.07(2199) | 0 | 55,000 | 120,000 | 51.1050 | 6,132,600.00 | 4.13 |
| IE00B4ND3602	iShares Physical Metals	EUR Plc./Gold Ounce 999 Cert. v.11(2199) | 0 | 0 | 30,000 | 31.0100 | 930,300.00 | 0.63 |
|  | 7,062,900.00 | 4.76 |
| Securities traded on an exchange |  |  |  |  | 7,062,900.00 | 4.76 |
| Certificates |  |  |  |  | 7,062,900.00 | 4.76 |
| Securities holdings |  |  |  |  | 131,781,674.81 | 88.78 |
| Options |  |  |  |  |  |  |
| Long positions |  |  |  |  |  |  |
| EUR |  |  |  |  |  |  |
| Put on Euro Stoxx 50 Price Index March 2022/3,800.00 | 160 | 0 | 160 |  | 68,320.00 | 0.05 |
|  |  |  |  |  | 68,320.00 | 0.05 |
| USD |  |  |  |  |  |  |
| Put on E-Mini S&P 500 Index Future March 2022/4,200.00 | 55 | 0 | 55 |  | 87,232.36 | 0.06 |
|  |  |  |  |  | 87,232.36 | 0.06 |
| Long positions |  |  |  |  | 155,552.36 | 0.11 |

Statement of net assets as of 31 December 2021

### 20
1)	NFA = net fund assets. Due to rounding differences in the individual items, the total amounts may deviate from the actual value.
| ISIN	Securities | Acquisitions in the period under review | Disposals in the period under review | Holdings | Price | Price EUR | % share of NFA 1) |
| --- | --- | --- | --- | --- | --- | --- |
| Short positions  2) |  |  |  |  |  |  |
| EUR |  |  |  |  |  |
| Put on Euro Stoxx 50 Price Index March 2022/3,450.00 | 0 | 160 | -160 | -34,720.00 | -0.02 |
|  |  |  |  | -34,720.00 | -0.02 |
| USD |  |  |  |  |  |
| Put on E-Mini S&P 500 Index Future March 2022/3,800.00 | 0 | 55 | -55 | -41,193.06 | -0.03 |
|  |  |  |  | -41,193.06 | -0.03 |
| Short positions  2) |  |  |  |  | -75,913.06 | -0.05 |
| Options |  |  |  |  | 79,639.30 | 0.06 |
| Futures contracts |  |  |  |  |  |  |
| Short positions |  |  |  |  |  |
| EUR |  |  |  |  |  |
| Euro Stoxx 50 Price Index Future March 2022 | 0 | 120 | -120 | -147,730.00 | -0.10 |
|  |  |  |  | -147,730.00 | -0.10 |
| USD |  |  |  |  |  |
|  |
| E-Mini S&P 500 Index Future March 2022 | 0 | 40 | -40 | -280,773.64 | -0.19 |
| Nasdaq 100 Index Future March 2022 | 0 | 10 | -10 | -26,359.15 | -0.02 |
|  |  |  |  | -307,132.79 | -0.21 |
| Short positions |  |  |  |  | -454,862.79 | -0.31 |
| Futures contracts |  |  |  |  | -454,862.79 | -0.31 |
| Cash at banks - Current account  3) |  |  |  |  | 17,206,354.72 | 11.60 |
| Other receivables and payables (net) |  |  |  |  | -233,828.70 | -0.13 |
| Net fund assets in EUR |  |  |  |  | 148,378,977.34 | 100.00 |


### 21
1)	NFA = net fund assets. Due to rounding differences in the individual items, the total amounts may deviate from the actual value.
2)	The total amount of the commitments of the written options in force as at the reporting date, valued at the strike price, is EUR 14,773,475.00.
3)	See notes to the Report.
Forward foreign exchange contracts
The following forward foreign exchange contracts were open as of 31 December 2021:
| Currency | Counterparty |  | Currency amount | Price EUR | % share of NFA 1) |
| --- | --- | --- | --- | --- | --- |
| CHF/EUR | DZ PRIVATBANK S.A. | Currency purchases | 1,029,604.00 | 994,266.78 | 0.67 |
| USD/EUR | DZ PRIVATBANK S.A. | Currency purchases | 2,720,000.00 | 2,386,075.85 | 1.61 |
| EUR/CHF | DZ PRIVATBANK S.A. | Currency sales | 17,005.00 | 16,421.37 | 0.01 |
| EUR/GBP | J.P. Morgan AG, Frankfurt | Currency sales | 5,000,000.00 | 5,937,318.54 | 4.00 |
| EUR/USD | DZ PRIVATBANK S.A. | Currency sales | 24,000.00 | 21,053.61 | 0.01 |
| EUR/USD | J.P. Morgan AG, Frankfurt | Currency sales | 30,000,000.00 | 26,409,403.86 | 17.80 |

| Holdings | Commitments EUR | % share of NFA 1) |
| --- | --- | --- |
| Short positions EUR Euro Stoxx 50 Price Index Future March 2022 | -120 | -5,119,200.00 | -3.45 |
|  | -5,119,200.00 | -3.45 |
| USD E-Mini S&P 500 Index Future March 2022 Nasdaq 100 Index Future March 2022 | -40 -10 | -8,431,579.87 -2,906,071.02 | -5.68 -1.96 |
|  | -11,337,650.89 | -7.64 |
| Short positions |  | -16,456,850.89 | -11.09 |
| Futures contracts |  | -16,456,850.89 | -11.09 |

Futures contracts

### 22
1)	NFA = net fund assets. Due to rounding differences in the individual items, the total amounts may deviate from the actual value.

Translation (ENDE, 2021-12-31):
# Vermögensaufstellung des Ethna-DYNAMISCH zum 31. Dezember 2021
### 18	Vermögensaufstellung zum 31. Dezember 2021
| ISIN | Wertpapiere |  | Zugänge im Berichts- zeitraum | Abgänge im Berichts- zeitraum | Bestand | Kurs | Kurswert EUR | %-Anteil vom NFV 1) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Aktien, Anrechte und Genussscheine |  |  |  |  |  |  |  |
| Börsengehandelte Wertpapiere |  |  |  |  |  |  |  |
| Cayman Inseln |  |  |  |  |  |  |  |
| US01609W1027 | Alibaba Group Holding | USD | 10.000 | 15.000 | 25.000 | 112,0900 | 2.469.160,28 | 1,66 |
| Ltd. ADR |  |  |  |  |  |  |  |
| 2.469.160,28 | 1,66 |
| Dänemark |  |  |  |  |  |  |  |
| DK0060738599 | Demant AS | DKK | 0 | 140.000 | 60.000 | 337,2000 | 2.720.524,96 | 1,83 |
| 2.720.524,96 | 1,83 |
| Deutschland |  |  |  |  |  |  |  |
| DE000A2LQ884 | AUTO1 Group SE | EUR | 20.000 | 0 | 20.000 | 19,5650 | 391.300,00 | 0,26 |
| DE000BASF111 | BASF SE | EUR | 0 | 45.000 | 55.000 | 61,4700 | 3.380.850,00 | 2,28 |
| DE000A288904 | CompuGroup Medical SE & Co.KgaA | EUR | 8.486 | 23.486 | 40.000 | 70,6500 | 2.826.000,00 | 1,90 |
| DE0007571424 | GK Software SE | EUR | 15.000 | 8.000 | 7.000 | 155,5000 | 1.088.500,00 | 0,73 |
| DE000A3CMGN3 | hGears AG | EUR | 45.000 | 15.000 | 30.000 | 21,4000 | 642.000,00 | 0,43 |
| DE0007164600 | SAP SE | EUR | 0 | 7.000 | 28.000 | 123,5600 | 3.459.680,00 | 2,33 |
| DE000A1ML7J1 | Vonovia SE | EUR | 2.774 | 25.169 | 60.000 | 48,2900 | 2.897.400,00 | 1,95 |
| 14.685.730,00 | 9,88 |
| Irland |  |  |  |  |  |  |  |
| IE00BTN1Y115 | Medtronic Plc. | USD | 0 | 22.000 | 33.000 | 103,9500 | 3.022.601,11 | 2,04 |
| 3.022.601,11 | 2,04 |
| Neuseeland |  |  |  |  |  |  |  |
| NZATME0002S8 | The a2 Milk Co. Ltd. | AUD | 0 | 175.000 | 375.000 | 5,5600 | 1.334.314,60 | 0,90 |
| 1.334.314,60 | 0,90 |
| Schweiz |  |  |  |  |  |  |  |
| CH0038389992 | BB Biotech AG | CHF | 0 | 30.000 | 50.000 | 76,5000 | 3.690.659,98 | 2,49 |
| CH0012032048 | Roche Holding AG | CHF | 0 | 9.100 | 8.400 | 380,9000 | 3.087.186,41 | 2,08 |
| Genussscheine |  |  |  |  |  |
|  |  |
| 6.777.846,39 | 4,57 |

1)	NFV = Netto-Fondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
| ISIN | Wertpapiere |  | Zugänge im Berichts- zeitraum | Abgänge im Berichts- zeitraum | Bestand | Kurs | Kurswert EUR | %-Anteil vom NFV 1) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Spanien |  |  |  |  |  |
| ES0148396007 | Industria de Diseño | EUR | 0 | 120.000 | 110.000 | 28,1900 | 3.100.900,00 | 2,09 |
| Textil S.A. |  |  |  |  |  |
| 3.100.900,00 | 2,09 |
| Südkorea |  |  |  |  |  |
| KR7005931001 | Samsung Electronics Co. | KRW | 0 | 55.000 | 65.000 | 71.700,0000 | 3.461.627,85 | 2,33 |
| Ltd. -VZ- |  |  |  |  |  |
| 3.461.627,85 | 2,33 |
| Vereinigte Staaten von Amerika |  |  |  |  |  |
| US00507V1098 | Activision Blizzard Inc. | USD | 0 | 27.000 | 53.000 | 67,1600 | 3.136.382,06 | 2,11 |
| US02079K3059 | Alphabet Inc. | USD | 0 | 2.700 | 1.300 | 2.933,1000 | 3.359.793,81 | 2,26 |
| US0311621009 | Amgen Inc. | USD | 9.000 | 15.000 | 14.000 | 227,6000 | 2.807.648,25 | 1,89 |
| US0846707026 | Berkshire Hathaway Inc. | USD | 0 | 22.500 | 15.000 | 299,4600 | 3.957.969,87 | 2,67 |
| US09247X1019 | Blackrock Inc. | USD | 0 | 9.500 | 3.500 | 909,7200 | 2.805.551,15 | 1,89 |
| US8085131055 | Charles Schwab Corporation | USD | 0 | 90.000 | 40.000 | 84,9600 | 2.994.448,85 | 2,02 |
| US2681501092 | Dynatrace Inc. | USD | 60.000 | 6.000 | 54.000 | 60,6000 | 2.883.425,85 | 1,94 |
| US3703341046 | General Mills Inc. | USD | 0 | 52.000 | 58.000 | 67,0200 | 3.425.112,34 | 2,31 |
| US5962781010 | Middleby Corporation | USD | 0 | 17.000 | 18.000 | 197,1100 | 3.126.249,01 | 2,11 |
| US6177001095 | Morningstar Inc. | USD | 5.000 | 17.000 | 13.000 | 344,0300 | 3.940.778,92 | 2,66 |
| US70432V1026 | Paycom Software Inc. | USD | 7.500 | 0 | 7.500 | 417,2100 | 2.757.137,19 | 1,86 |
| US70438V1061 | Paylocity Holding Corporation | USD | 15.000 | 1.500 | 13.500 | 237,2000 | 2.821.570,18 | 1,90 |
| US72703H1014 | Planet Fitness Inc. | USD | 0 | 42.000 | 38.000 | 90,8600 | 3.042.276,85 | 2,05 |
| US79466L3024 | salesforce.com Inc. | USD | 32.500 | 17.000 | 15.500 | 254,5400 | 3.476.403,21 | 2,34 |
| US8725401090 | TJX Companies Inc. | USD | 0 | 37.500 | 52.500 | 75,4600 | 3.490.748,08 | 2,35 |
| US92826C8394 | VISA Inc. | USD | 0 | 8.500 | 16.500 | 218,1700 | 3.171.913,83 | 2,14 |
| US9288811014 | Vontier Corporation | USD | 60.000 | 100.000 | 120.000 | 31,2800 | 3.307.427,97 | 2,23 |
| US88579Y1010 | 3M Co. | USD | 0 | 21.500 | 18.500 | 178,4100 | 2.908.260,64 | 1,96 |
| 57.413.098,06 | 38,69 |
| Vereinigtes Königreich |  |  |  |  |  |
| GB0006731235 | Associated British Foods Plc. | GBP | 0 | 40.000 | 110.000 | 20,1400 | 2.632.992,63 | 1,77 |
| GB00B0744B38 | Bunzl Plc. | GBP | 20.000 | 100.000 | 120.000 | 29,5100 | 4.208.699,79 | 2,84 |
| GB00BFZZM640 | S4 Capital Plc. | GBP | 495.000 | 120.000 | 375.000 | 6,3700 | 2.839.018,30 | 1,91 |
| GB00BMTV7393 | THG Plc. | GBP | 0 | 0 | 150.000 | 2,1920 | 390.777,28 | 0,26 |
| GB00B10RZP78 | Unilever Plc. | EUR | 0 | 75.000 | 65.000 | 47,2200 |  |  |
| 13.140.788,00 | 8,85 |
| Börsengehandelte Wertpapiere |  |  |  | 108.126.591,25 | 72,84 |
| An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere |  |  |  |  |  |
| Deutschland |  |  |  |  |  |
| DE000A3CMGM5 | APONTIS PHARMA AG | EUR | 60.000 | 6.500 | 53.500 | 19,1000 | 1.021.850,00 | 0,69 |
| DE0005570808 | UmweltBank AG | EUR | 22.500 | 0 | 22.500 | 19,8500 |  |  |
| 1.468.475,00 | 0,99 |
| An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere |  |  |  | 1.468.475,00 | 0,99 |
| Aktien, Anrechte und Genussscheine |  |  |  | 109.595.066,25 | 73,83 |


### Vermögensaufstellung zum 31. Dezember 2021

### 19
1)	NFV = Netto-Fondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
| ISIN	Wertpapiere | Zugänge im Berichts- zeitraum | Abgänge im Berichts- zeitraum | Bestand | Kurs | Kurswert EUR | %-Anteil vom NFV 1) |
| --- | --- | --- | --- | --- | --- | --- |
| Anleihen |  |  |  |  |  |  |
| Börsengehandelte Wertpapiere |  |  |  |  |  |  |
| EUR |  |  |  |  |  |  |
| XS0832628423	2,250% European Investment | 3.000.000 | 500.000 | 2.500.000 | 102,2980 | 2.557.450,00 | 1,72 |
| Bank (EIB) EMTN Reg.S. |  |  |  |  |
|  |  |
| v.12(2022) |  |  |  |  |  |  |
| DE000A2LQSS1	0,000% Kreditanstalt für | 3.000.000 | 500.000 | 2.500.000 | 100,3350 | 2.508.375,00 | 1,69 |
| Wiederaubau EMTN Reg.S. |  |  |  |  |
|  |  |
| v.19(2022) |  |  |  |  |  |  |
| DE000A2GSKL9	0,000% Kreditanstalt für | 0 | 500.000 | 2.500.000 | 100,6330 | 2.515.825,00 | 1,70 |
| Wiederaubau v.17(2022) |  |  |  |  |
|  |  |
| NOK |  |  |  |  | 7.581.650,00 | 5,11 |
|  |  |
| XS1858079160	1,645% European Investment | 40.000.000 | 15.000.000 | 25.000.000 | 100,5460 | 2.523.162,32 | 1,70 |
| Bank (EIB) EMTN Reg.S. |  |  |  |  |
|  |  |
| v.18(2023) |  |  |  |  |  |  |
| XS1555330999	1,500% European Investment Bank (EIB) EMTN v.17(2024) | 0 | 10.000.000 | 25.000.000 | 100,1240 | 2.512.572,40 | 1,69 |
| XS2046690827	1,250% Kreditanstalt für | 35.000.000 | 10.000.000 | 25.000.000 | 99,8750 | 2.506.323,84 | 1,69 |
| Wiederaubau EMTN Green |  |  |  |  |
|  |  |
| Bond v.19(2023) |  |  |  |  |  |  |
| 7.542.058,56 | 5,08 |
| Börsengehandelte Wertpapiere |  |  |  |  | 15.123.708,56 | 10,19 |
| Anleihen |  |  |  |  | 15.123.708,56 | 10,19 |
| Zertifikate |  |  |  |  |  |  |
| Börsengehandelte Wertpapiere |  |  |  |  |  |  |
| Vereinigte Staaten von Amerika |  |  |  |  |  |  |
| DE000A0S9GB0	Dte. Börse Commodities	EUR GmbH/Gold Unze 999 Zert. v.07(2199) IE00B4ND3602	iShares Physical Metals	EUR Plc./Gold Unze 999 Zert. v.11(2199) | 0 0 | 55.000 0 | 120.000 30.000 | 51,1050 31,0100 |  |  |
| 7.062.900,00 | 4,76 |
| Börsengehandelte Wertpapiere |  |  |  |  | 7.062.900,00 | 4,76 |
| Zertifikate |  |  |  |  | 7.062.900,00 | 4,76 |
| Wertpapiervermögen |  |  |  |  | 131.781.674,81 | 88,78 |
| Optionen |  |  |  |  |  |  |
| Long-Positionen |  |  |  |  |  |  |
| EUR |  |  |  |  |  |  |
| Put on Euro Stoxx 50 Price Index März 2022/3.800,00 | 160 | 0 | 160 |  | 68.320,00 | 0,05 |
| USD |  |  |  |  | 68.320,00 | 0,05 |
|  |  |
| Put on E-Mini S&P 500 Index Future März 2022/4.200,00 | 55 | 0 | 55 |  |  |  |
| 87.232,36 | 0,06 |
| Long-Positionen |  |  |  |  | 155.552,36 | 0,11 |


### Vermögensaufstellung zum 31. Dezember 2021

### 20
1)	NFV = Netto-Fondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
| ISIN	Wertpapiere | Zugänge im Berichts- zeitraum | Abgänge im Berichts- zeitraum | Bestand | Kurs | Kurswert EUR | %-Anteil vom NFV 1) |
| --- | --- | --- | --- | --- | --- | --- |
| Short-Positionen 2) |  |  |  |  |  |
| EUR |  |  |  |  |  |
| Put on Euro Stoxx 50 Price Index März 2022/3.450,00 | 0 | 160 | -160 | -34.720,00 | -0,02 |
| USD |  |  |  | -34.720,00 | -0,02 |
|  |  |
| Put on E-Mini S&P 500 Index Future März 2022/3.800,00 | 0 | 55 | -55 |  |  |
| -41.193,06 | -0,03 |
| Short-Positionen 2) |  |  |  | -75.913,06 | -0,05 |
| Optionen |  |  |  | 79.639,30 | 0,06 |
| Terminkontrakte |  |  |  |  |  |
| Short-Positionen |  |  |  |  |  |
| EUR |  |  |  |  |  |
| Euro Stoxx 50 Price Index Future März 2022 | 0 | 120 | -120 | -147.730,00 | -0,10 |
| USD |  |  |  | -147.730,00 | -0,10 |
|  |  |
| E-Mini S&P 500 Index Future März 2022 | 0 | 40 | -40 | -280.773,64 | -0,19 |
| Nasdaq 100 Index Future März 2022 | 0 | 10 | -10 |  |  |
| -307.132,79 | -0,21 |
| Short-Positionen |  |  |  | -454.862,79 | -0,31 |
| Terminkontrakte |  |  |  | -454.862,79 | -0,31 |
| Bankguthaben - Kontokorrent 3) |  |  |  | 17.206.354,72 | 11,60 |
| Saldo aus sonstigen Forderungen und Verbindlichkeiten |  |  |  | -233.828,70 | -0,13 |
| Netto-Fondsvermögen in EUR |  |  |  | 148.378.977,34 | 100,00 |


### Vermögensaufstellung zum 31. Dezember 2021

### 21
1)	NFV = Netto-Fondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
2)	Der Gesamtbetrag der Verpflichtungen der zum Stichtag laufenden geschriebenen Optionen, bewertet mit dem Basispreis, beträgt EUR 14.773.475,00.
3)	Siehe Erläuterungen zum Bericht.

### Devisentermingeschäfte

### Zum 31. Dezember 2021 standen folgende offene Devisentermingeschäfte aus:
| Währung | Kontrahent |  | Währungsbetrag | Kurswert EUR | %-Anteil vom NFV 1) |
| --- | --- | --- | --- | --- | --- |
| CHF/EUR | DZ PRIVATBANK S.A. | Währungskäufe | 1.029.604,00 | 994.266,78 | 0,67 |
| USD/EUR | DZ PRIVATBANK S.A. | Währungskäufe | 2.720.000,00 | 2.386.075,85 | 1,61 |
| EUR/CHF | DZ PRIVATBANK S.A. | Währungsverkäufe | 17.005,00 | 16.421,37 | 0,01 |
| EUR/GBP | J.P. Morgan AG, Frankfurt | Währungsverkäufe | 5.000.000,00 | 5.937.318,54 | 4,00 |
| EUR/USD | DZ PRIVATBANK S.A. | Währungsverkäufe | 24.000,00 | 21.053,61 | 0,01 |
| EUR/USD | J.P. Morgan AG, Frankfurt | Währungsverkäufe | 30.000.000,00 | 26.409.403,86 | 17,80 |


### Terminkontrakte
| Bestand | Verpflichtungen EUR | %-Anteil vom NFV 1) |
| --- | --- | --- |
| Short-Positionen |  |  |  |
| EUR |  |  |  |
| Euro Stoxx 50 Price Index Future März 2022 | -120 | -5.119.200,00 | -3,45 |
| USD |  | -5.119.200,00 | -3,45 |
|  |  |
| E-Mini S&P 500 Index Future März 2022 | -40 | -8.431.579,87 | -5,68 |
| Nasdaq 100 Index Future März 2022 | -10 |  |  |
| -11.337.650,89 | -7,64 |
| Short-Positionen |  | -16.456.850,89 | -11,09 |
| Terminkontrakte |  | -16.456.850,89 | -11,09 |


### 22
1)	NFV = Netto-Fondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.