# DWS Invest CROCI World SDG
DWS INVEST CROCI WORLD SDG

### Performance of share classes vs. benchmark (in euro)
| Share class | ISIN | 6 months |
| --- | --- | --- |
| Class LD | LU1769941425 | -11.6% |
| Class ID | LU1769941342 | -11.2% |
| Class TFC | LU1769941698 | -11.2% |
| Class USD IC 1 | LU1769941771 | -11.2% |
| MSCI World |  | -5.8% |

1 
in USD
“BVI method” performance, i.e., excluding the initial sales charge.
Past performance is no guide to future results.	As of: June 30, 2020
The format used for complete dates
in security names in the investment
portfolio is “day/month/year”.
DWS Invest CROCI World SDG
| Statement of net assets as of June 30, 2020 |  |
| --- | --- |
|  | Amount in EUR | % of net assets |
| I. Assets |  |  |
| 1. Equities (sectors): Information Technology | 1 425 087.27 | 23.24 |
| Telecommunication Services | 563 693.95 | 9.18 |
| Consumer Discretionaries | 1 859 715.74 | 30.33 |
| Consumer Staples | 851 448.22 | 13.89 |
| Financials | 558 459.70 | 9.11 |
| Basic Materials | 65 845.84 | 1.07 |
| Industrials | 662 555.61 | 10.81 |
| Utilities | 127 699.20 | 2.08 |
| Total equities | 6 114 505.53 | 99.71 |
| 2. Cash at bank | 14 549.40 | 0.24 |
| 3. Other assets | 155 284.13 | 2.53 |
| 4. Receivables from share certificate transactions | 249 217.50 | 4.06 |
| II. Liabilities |  |  |
| 1. Loan liabilities | -99 477.29 | - 1.62 |
| 2. Other liabilities | -301 833.09 | - 4.92 |
| III. Net assets | 6 132 246.18 | 100.00 |
| Negligible rounding errors may have arisen due to the rounding of calculated percentages. |  |  |

Investment portfolio – June 30, 2020
| Securities traded on an exchange |  |  |  |  |  |  | 6 090 871.39 | 99.32 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equities Commonwealth Bank of Australia......................  | Count | 1 945 | 2 043 | 98 | AUD | 69.42 | 82 729.93 | 1.35 |
| James Hardie Industries PLC .........................  | Count | 1 512 | 1 512 |  | AUD | 27.52 | 25 495.22 | 0.42 |
| Bank of Nova Scotia/The .............................  | Count | 1 408 | 1 478 | 70 | CAD | 55.17 | 50 696.84 | 0.83 |
| Magna International, Inc..............................  | Count | 956 | 459 | 2 135 | CAD | 59.45 | 37 092.41 | 0.60 |
| Royal Bank of Canada ...............................  | Count | 3 539 | 3 728 | 189 | CAD | 91.42 | 211 152.89 | 3.44 |
| Toronto-Dominion Bank/The ..........................       | Count | 812 | 849 | 37 | CAD | 59.83 | 31 706.64 | 0.52 |
| Adecco Group AG ..................................  | Count | 1 654 | 524 | 1 324 | CHF | 43.94 | 68 255.95 | 1.11 |
| Roche Holding AG ..................................  | Count | 514 | 446 | 411 | CHF | 327.65 | 158 167.87 | 2.58 |
| Atos SE ..........................................  | Count | 1 438 | 413 | 880 | EUR | 75.4 | 108 425.20 | 1.77 |
| Beiersdorf AG .....................................  | Count | 2 121 | 4 399 | 2 278 | EUR | 101.45 | 215 175.45 | 3.51 |
| Capgemini SA .....................................  | Count | 732 | 761 | 29 | EUR | 100.2 | 73 346.40 | 1.20 |
| Cie Générale des Etablissements Michelin SCA. . . . . . . . . . . | Count | 277 | 207 | 1 133 | EUR | 91.6 | 25 373.20 | 0.41 |
| CRH PLC .........................................  | Count | 593 | 593 |  | EUR | 30.06 | 17 825.58 | 0.29 |
| Danone SA .......................................  | Count | 629 | 659 | 30 | EUR | 61.82 | 38 884.78 | 0.63 |
| Engie SA .........................................  | Count | 11 520 | 19 890 | 8 370 | EUR | 11.085 | 127 699.20 | 2.08 |
| Fresenius Medical Care AG & Co., KgaA ................  | Count | 286 | 295 | 9 | EUR | 76.22 | 21 798.92 | 0.36 |
| Fresenius SE & Co. KGaA ............................  | Count | 399 | 399 |  | EUR | 43.91 | 17 520.09 | 0.29 |
| Henkel AG & Co., KgaA -Pref-.........................  | Count | 623 | 1 025 | 402 | EUR | 83.14 | 51 796.22 | 0.84 |
| Kering SA.........................................  | Count | 139 | 146 | 7 | EUR | 479.55 | 66 657.45 | 1.09 |
| Koninklijke Ahold Delhaize NV.........................  | Count | 1 856 | 3 200 | 1 344 | EUR | 24.35 | 45 193.60 | 0.74 |
| Koninklijke KPN NV .................................  | Count | 8 820 | 8 820 |  | EUR | 2.357 | 20 788.74 | 0.34 |
| Merck KGaA ......................................  | Count | 279 | 287 | 8 | EUR | 102.75 | 28 667.25 | 0.47 |
| Sanofi ..........................................  | Count | 1 097 | 349 | 752 | EUR | 90.36 | 99 124.92 | 1.62 |
| UCB SA ..........................................  | Count | 732 | 329 | 1 382 | EUR | 102.85 | 75 286.20 | 1.23 |
| Barratt Developments PLC ...........................  | Count | 6 531 | 9 204 | 18 902 | GBP | 4.916 | 35 236.13 | 0.57 |
| GlaxoSmithKline PLC................................  | Count | 779 | 840 | 61 | GBP | 16.304 | 13 938.90 | 0.23 |
| ITV PLC ..........................................  | Count | 26 715 | 12 958 | 68 311 | GBP | 0.742 | 21 743.10 | 0.35 |
| Persimmon PLC ...................................  | Count | 2 589 | 1 753 | 3 759 | GBP | 22.77 | 64 698.12 | 1.06 |
| Rio Tinto PLC......................................  | Count | 710 | 236 | 2 272 | GBP | 45.135 | 35 169.68 | 0.57 |
| Advantest Corp.....................................  | Count | 339 | 339 |  | JPY | 6 120 | 17 187.26 | 0.28 |
| Bridgestone Corp. ..................................  | Count | 739 | 534 | 3 289 | JPY | 3 469 | 21 237.54 | 0.35 |
| Central Japan Railway Co.............................  | Count | 677 | 1 115 | 1 099 | JPY | 16 690 | 93 605.33 | 1.53 |
| KDDI Corp. .......................................  | Count | 2 113 | 2 213 | 100 | JPY | 3 234 | 56 610.25 | 0.92 |
| Ono Pharmaceutical Co., Ltd .........................  | Count | 2 675 | 1 440 | 6 565 | JPY | 3 137 | 69 517.45 | 1.13 |
| Secom Co., Ltd ....................................  | Count | 930 | 974 | 44 | JPY | 9 423 | 72 598.51 | 1.18 |
| Sekisui House Ltd ..................................  | Count | 7 537 | 14 146 | 6 609 | JPY | 2 052.5 | 128 155.50 | 2.09 |
| Shin-Etsu Chemical Co., Ltd ..........................  | Count | 294 | 313 | 19 | JPY | 12 595 | 30 676.16 | 0.50 |
| Sony Corp.........................................  | Count | 979 | 1 044 | 65 | JPY | 7 384 | 59 886.64 | 0.98 |
| Sumitomo Electric Industries Ltd ......................  | Count | 3 499 | 1 899 | 9 100 | JPY | 1 239.5 | 35 929.07 | 0.59 |
| Sumitomo Mitsui Financial Group, Inc. ..................  | Count | 2 299 | 17 250 | 14 951 | JPY | 3 032 | 57 746.24 | 0.94 |
| Takeda Pharmaceutical Co., Ltd .......................  | Count | 979 | 1 044 | 65 | JPY | 3 848 | 31 208.53 | 0.51 |
| Z Holdings Corp. ...................................  | Count | 7 900 | 8 300 | 400 | JPY | 526 | 34 424.56 | 0.56 |
| Telefonaktiebolaget LM Ericsson ......................  | Count | 5 043 | 5 244 | 201 | SEK | 85.4 | 41 109.34 | 0.67 |
| AbbVie, Inc. .......................................  | Count | 1 004 | 728 | 1 584 | USD | 96.07 | 86 062.30 | 1.40 |
| Acuity Brands, Inc. .................................  | Count | 755 | 198 | 579 | USD | 95.93 | 64 623.85 | 1.05 |
| Amdocs Ltd .......................................  | Count | 831 | 886 | 55 | USD | 60.45 | 44 821.74 | 0.73 |
| Amgen, Inc. .......................................  | Count | 440 | 135 | 384 | USD | 232.42 | 91 246.79 | 1.49 |
| Applied Materials, Inc................................  | Count | 2 365 | 1 634 | 1 956 | USD | 60.21 | 127 054.83 | 2.07 |
| Aptiv PLC.........................................  | Count | 270 | 270 |  | USD | 75.3 | 18 140.54 | 0.30 |
| AT&T, Inc. ........................................  | Count | 3 682 | 2 062 | 2 072 | USD | 29.74 | 97 704.86 | 1.59 |
| Best Buy Co., Inc. ..................................  | Count | 1 298 | 1 379 | 81 | USD | 86.77 | 100 492.98 | 1.64 |
| Biogen Idec, Inc. ...................................  | Count | 184 | 378 | 813 | USD | 260.97 | 42 844.97 | 0.70 |
| Bristol-Myers Squibb Co..............................  | Count | 2 787 | 4 648 | 4 526 | USD | 57.68 | 143 434.51 | 2.34 |
| Broadcom, Inc. ....................................  | Count | 335 | 352 | 17 | USD | 313.16 | 93 605.75 | 1.53 |
| Cisco Systems, Inc..................................  | Count | 3 269 | 4 020 | 751 | USD | 46.69 | 136 185.30 | 2.22 |
| Cognizant Technology Solutions Corp. ..................  | Count | 2 462 | 2 601 | 139 | USD | 57.24 | 125 741.63 | 2.05 |
| Comcast Corp......................................  | Count | 3 342 | 3 535 | 3 231 | USD | 38.15 | 113 760.74 | 1.86 |
| DaVita, Inc. .......................................  | Count | 800 | 847 | 47 | USD | 77.48 | 55 305.84 | 0.90 |
| Discovery Communications, Inc........................  | Count | 1 436 | 1 507 | 5 084 | USD | 21.115 | 27 054.34 | 0.44 |
| Dover Corp. .......................................  | Count | 568 | 601 | 33 | USD | 94.55 | 47 918.29 | 0.78 |
| Eaton Corp., PLC ...................................  | Count | 392 | 440 | 1 763 | USD | 86.17 | 30 139.33 | 0.49 |
| Emerson Electric Co.................................  | Count | 828 | 866 | 38 | USD | 61.05 | 45 103.21 | 0.74 |
| Genuine Parts Co. ..................................  | Count | 404 | 425 | 21 | USD | 86.29 | 31 105.22 | 0.51 |
| Gilead Sciences, Inc. ................................  | Count | 423 | 4 800 | 6 518 | USD | 75.61 | 28 537.18 | 0.47 |
| HCA, Inc. .........................................  | Count | 676 | 716 | 40 | USD | 94.38 | 56 926.97 | 0.93 |
| Hewlett Packard Enterprise Co. .......................  | Count | 14 496 | 15 731 | 10 425 | USD | 9.55 | 123 521.62 | 2.01 |
| Howmet Aerospace, Inc..............................  | Count | 3 498 | 3 662 | 164 | USD | 15.92 | 49 688.32 | 0.81 |
| HP, Inc. ..........................................  | Count | 5 837 | 1 822 | 4 225 | USD | 17.05 | 88 798.47 | 1.45 |
| Intel Corp. ........................................  | Count | 2 250 | 905 | 1 359 | USD | 59.615 | 119 682.18 | 1.95 |
| International Business Machines Corp...................  | Count | 1 608 | 1 574 | 1 015 | USD | 119.51 | 171 467.46 | 2.80 |
| JM Smucker Co./The................................  | Count | 857 | 249 | 689 | USD | 105.39 | 80 588.24 | 1.31 |
| Johnson Controls International PLC ....................  | Count | 629 | 1 007 | 378 | USD | 33.71 | 18 919.12 | 0.31 |
| ManpowerGroup, Inc. ...............................  | Count | 656 | 279 | 1 283 | USD | 67.99 | 39 796.08 | 0.65 |
| Masco Corp. ......................................  | Count | 1 683 | 1 783 | 100 | USD | 49.08 | 73 702.14 | 1.20 |
| Merck & Co., Inc. ..................................  | Count | 2 276 | 3 797 | 1 521 | USD | 76.39 | 155 131.57 | 2.53 |

DWS Invest CROCI World SDG
| NetApp, Inc. ......................................  | Count | 509 | 523 | 14 | USD | 44.39 | 20 160.18 | 0.33 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Newell Brands, Inc. .................................  | Count | 1 255 | 1 255 |  | USD | 15.37 | 17 211.12 | 0.28 |
| Oracle Corp. ......................................  | Count | 4 572 | 7 704 | 3 132 | USD | 55.07 | 224 653.26 | 3.66 |
| Pfizer, Inc. ........................................  | Count | 496 | 496 |  | USD | 32.29 | 14 290.29 | 0.23 |
| Regeneron Pharmaceuticals, Inc. ......................  | Count | 69 | 85 | 479 | USD | 616.92 | 37 981.26 | 0.62 |
| Skyworks Solutions, Inc. .............................  | Count | 761 | 824 | 1 659 | USD | 127.57 | 86 621.29 | 1.41 |
| Target Corp........................................  | Count | 332 | 352 | 20 | USD | 119.03 | 35 260.29 | 0.57 |
| TE Connectivity Ltd .................................  | Count | 1 101 | 1 160 | 59 | USD | 80.32 | 78 904.62 | 1.29 |
| TEGNA, Inc........................................  | Count | 1 473 | 1 473 |  | USD | 10.89 | 14 312.72 | 0.23 |
| Tenet Healthcare Corp. ..............................  | Count | 1 317 | 1 317 |  | USD | 17.39 | 20 435.10 | 0.33 |
| Trane Technologies PLC .............................  | Count | 848 | 891 | 43 | USD | 88.59 | 67 030.43 | 1.09 |
| US Bancorp .......................................  | Count | 3 839 | 6 387 | 2 548 | USD | 36.325 | 124 427.16 | 2.03 |
| VF Corp...........................................  | Count | 626 | 657 | 31 | USD | 59.21 | 33 072.03 | 0.54 |
| Walgreens Boots Alliance, Inc. ........................  | Count | 647 | 707 | 2 602 | USD | 41.93 | 24 205.86 | 0.39 |
| Westrock Co.......................................  | Count | 2 049 | 611 | 2 453 | USD | 27.13 | 49 600.17 | 0.81 |
| Whirlpool Corp. ....................................  | Count | 159 | 159 |  | USD | 126.67 | 17 970.59 | 0.29 |
| WW Grainger, Inc...................................  | Count | 160 | 169 | 9 | USD | 306.11 | 43 700.75 | 0.71 |
| Wyndham Destinations, Inc. ..........................  | Count | 1 337 | 1 386 | 49 | USD | 27.15 | 32 388.64 | 0.53 |
| Securities admitted to or included in organized markets |  |  |  |  |  |  | 23 634.14 | 0.39 |
| Equities Taylor Wimpey PLC.................................  | Count | 15 311 | 11 125 | 61 579 | GBP | 1.406 | 23 634.14 | 0.39 |
| Total securities portfolio |  |  |  |  |  |  | 6 114 505.53 | 99.71 |
| Cash at bank |  |  |  |  |  |  | 14 549.40 | 0.24 |
| Deposits in other EU/EEA currencies |  |  |  |  |  |  |  |  |
| British pound .....................................  | GBP | 1 117 |  |  |  |  | 1 225.97 | 0.02 |
| Danish krone ......................................  | DKK | 747 |  |  |  |  | 100.23 | 0.00 |
| Norwegian krone ...................................  | NOK | 3 189 |  |  |  |  | 293.10 | 0.00 |
| Swedish krona.....................................  | SEK | 30 140 |  |  |  |  | 2 876.96 | 0.05 |
| Deposits in non-EU/EEA currencies ....................  |  |  |  |  |  |  |  |  |
| Australian dollar ....................................         | AUD | 6 743 |  |  |  |  | 4 131.84 | 0.06 |
| Hong Kong dollar ..................................  | HKD | 8 561 |  |  |  |  | 985.54 | 0.02 |
| Japanese yen .....................................  | JPY | 142 100 |  |  |  |  | 1 177.20 | 0.02 |
| Canadian dollar ....................................  | CAD | 1 874 |  |  |  |  | 1 223.27 | 0.02 |
| Swiss franc .......................................  | CHF | 1 314 |  |  |  |  | 1 234.42 | 0.02 |
| Singapore dollar ...................................  | SGD | 1 525 |  |  |  |  | 974.57 | 0.02 |
| U.S. dollar ........................................  | USD | 366 |  |  |  |  | 326.30 | 0.01 |
| Other assets |  |  |  |  |  |  | 155 284.13 | 2.53 |
| Dividends/Distributions receivable .....................  |  |  |  |  |  |  | 27 882.20 | 0.45 |
| Receivables from exceeding the expense cap ............  |  |  |  |  |  |  | 127 401.93 | 2.08 |
| Receivables from share certificate transactions |  |  |  |  |  |  | 249 217.50 | 4.06 |
| Total assets |  |  |  |  |  |  | 6 533 556.56 | 106.54 |
| Short-term liabilities |  |  |  |  |  |  | -99 477.29 | -1.62 |
| EUR loans ........................................  | EUR |  |  |  |  |  | -99 477.29 | -1.62 |
| Other liabilities |  |  |  |  |  |  | -301 833.09 | -4.92 |
| Additional other liabilities.............................  |  |  |  |  |  |  | -301 833.09 | -4.92 |
| Total liabilities |  |  |  |  |  |  | -401 310.38 | -6.54 |
| Net assets |  |  |  |  |  |  | 6 132 246.18 | 100.00 |

Negligible rounding errors may have arisen due to the rounding of calculated percentages.
A list of the transactions completed during the reporting period that no longer appear in the investment portfolio is available free of charge from the Management Company upon request.
| Net asset value per share and number of shares outstanding | Count/ currency | Net asset value per share in the respective currency |
| --- | --- | --- |
| Net asset value per share Class ID ..........................................  | EUR | 11 481.60 |
| Class LD .........................................  | EUR | 116.94 |
| Class TFC ........................................  | EUR | 107.50 |
| Class USD IC ......................................  | USD | 11 421.38 |
| Number of shares outstanding Class ID ..........................................  | Count | 22.000 |
| Class LD .........................................  | Count | 31 155.110 |
| Class TFC ........................................  | Count | 10 703.000 |
| Class USD IC ......................................  | Count | 106.540 |

Composition of the reference portfolio (according to CSSF circular 11/512) MSCI World Index in EUR
Market risk exposure (value-at-risk) (according to CSSF circular 11/512)
| Lowest market risk exposure .........................  | % | 69.632 |
| --- | --- | --- |
| Highest market risk exposure .........................  | % | 131.360 |
| Average market risk exposure ........................  | % | 99.670 |

The values-at-risk were calculated for the period from January 1, 2020, through June 30, 2020, using historical simulation with a 99% confidence level, a 10-day holding period and an effective historical observation period of one year. The risk in a reference portfolio that does not contain derivatives is used as the measurement benchmark. Market risk is the risk to the fund’s assets arising from an unfavorable change in market prices. The Company determines the potential market risk by means of the relative value-at-risk approachas defined in CSSF circular 11/512.
In the reporting period, the average leverage effect from the use of derivatives was 0.0, whereby the total of the nominal amounts of the derivatives in relation to the fund’s assets was used for the calculation (sum-of-notional approach).
The gross exposure generated via derivatives pursuant to point 40 a) of the “Guidelines on ETFs and other UCITS issues” of the European Securities and Markets Authority (ESMA) totaled EUR 0.00 as of the reporting date.
 Exchange rates (indirect quotes)	
As of June 30, 2020
| Australian dollar ................. . | AUD | 1.632080 | = | EUR | 1 |
| --- | --- | --- | --- | --- | --- |
| Canadian dollar ................. . | CAD | 1.532233 | = | EUR | 1 |
| Swiss franc .................... . | CHF | 1.064768 | = | EUR | 1 |
| Danish krone ................... . | DKK | 7.452704 | = | EUR | 1 |
| British pound .................. . | GBP | 0.911178 | = | EUR | 1 |
| Hong Kong dollar ............... . | HKD | 8.686201 | = | EUR | 1 |
| Japanese yen .................. . | JPY | 120.710331 | = | EUR | 1 |
| Norwegian krone ................ . | NOK | 10.880517 | = | EUR | 1 |
| Swedish krona.................. . | SEK | 10.476263 | = | EUR | 1 |
| Singapore dollar ................ . | SGD | 1.564791 | = | EUR | 1 |
| U.S. dollar ..................... . | USD | 1.120750 | = | EUR | 1 |

 Notes on valuation	
Under the responsibility of the Board of Directors of the SICAV, the Management Company determines the net asset values per share and performs the valuation of the assets of the fund. The basic provision of price data and price validation are performed in accordance with the method introduced by the Board of Directors of the SICAV on the basis of the legal and regulatory requirements or the principles for valuation methods defined in the SICAV’s prospectus.
If no trading prices are available, prices are determined with the aid of valuation models (derived market values) which are agreed between State Street Bank International GmbH, Luxembourg branch, as external price service provider and the Management Company and which are based as far as possible on market parameters. This procedure is subject to an ongoing monitoring process. The plausibility of price information from third parties is checked through other pricing sources, model calculations or other suitable procedure.
Assets reported in this report are not valued at derived market values.

Translation (ENDE, 2020-06-30):
# DWS Invest CROCI World SDG
DWS INVEST CROCI WORLD SDG

### Wertentwicklung der Anteilklassen vs. Vergleichsindex (in EUR)
| Anteilklasse | ISIN | 6 Monate |
| --- | --- | --- |
| Klasse LD | LU1769941425 | -11,6% |
| Klasse ID | LU1769941342 | -11,2% |
| Klasse TFC | LU1769941698 | -11,2% |
| Klasse USD IC 1) | LU1769941771 | -11,2% |
| MSCI World |  | -5,8% |

1) 
in USD
Wertentwicklung nach BVI-Methode, d. h. ohne Berücksichtigung des Ausgabeaufschlages.
Wertentwicklungen der Vergangenheit ermöglichen keine Prognose für die Zukunft.	Stand: 30.6.2020
DWS Invest CROCI World SDG
| Vermögensübersicht zum 30.6.2020 |  |
| --- | --- |
|  | Bestand in EUR | %-Anteil am Fondsvermögen |
| I. Vermögensgegenstände |  |  |
| 1. Aktien (Branchen) |  |  |
| Informationstechnologie | 1 425 087,27 | 23,24 |
| Telekommunikationsdienste | 563 693,95 | 9,18 |
| Dauerhafte Konsumgüter | 1 859 715,74 | 30,33 |
| Hauptverbrauchsgüter | 851 448,22 | 13,89 |
| Finanzsektor | 558 459,70 | 9,11 |
| Grundstoffe | 65 845,84 | 1,07 |
| Industrien | 662 555,61 | 10,81 |
| Versorger | 127 699,20 | 2,08 |
| Summe Aktien | 6 114 505,53 | 99,71 |
| 2. Bankguthaben | 14 549,40 | 0,24 |
| 3. Sonstige Vermögensgegenstände | 155 284,13 | 2,53 |
| 4. Forderungen aus Anteilscheingeschäften | 249 217,50 | 4,06 |
| II. Verbindlichkeiten |  |  |
| 1. Verbindlichkeiten aus Kreditaufnahme | -99 477,29 | - 1,62 |
| 2. Sonstige Verbindlichkeiten | -301 833,09 | - 4,92 |
| III. Fondsvermögen | 6 132 246,18 | 100,00 |
| Durch Rundung der Prozentanteile bei der Berechnung können geringfügige Rundungsdifferenzen entstanden sein. |  |  |

Vermögensaufstellung zum 30.6.2020
| Wertpapierbezeichnung | Stück bzw. Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Währung	Bestand	im Berichtszeitraum	EUR	vermögen |
| Börsengehandelte Wertpapiere |  |  |  |  |  |  | 6 090 871,39 | 99,32 |
| Aktien Commonwealth Bank of Australia  ....................  | Stück | 1 945 | 2 043 | 98 | AUD | 69,42 | 82 729,93 | 1,35 |
| James Hardie Industries PLC ........................  | Stück | 1 512 | 1 512 |  | AUD | 27,52 | 25 495,22 | 0,42 |
| Bank of Nova Scotia/The ............................  | Stück | 1 408 | 1 478 | 70 | CAD | 55,17 | 50 696,84 | 0,83 |
| Magna International, Inc. ............................  | Stück | 956 | 459 | 2 135 | CAD | 59,45 | 37 092,41 | 0,60 |
| Royal Bank of Canada ..............................  | Stück | 3 539 | 3 728 | 189 | CAD | 91,42 | 211 152,89 | 3,44 |
| Toronto-Dominion Bank/The ..........................       | Stück | 812 | 849 | 37 | CAD | 59,83 | 31 706,64 | 0,52 |
| Adecco Group AG .................................  | Stück | 1 654 | 524 | 1 324 | CHF | 43,94 | 68 255,95 | 1,11 |
| Roche Holding AG .................................  | Stück | 514 | 446 | 411 | CHF | 327,65 | 158 167,87 | 2,58 |
| Atos SE ..........................................  | Stück | 1 438 | 413 | 880 | EUR | 75,4 | 108 425,20 | 1,77 |
| Beiersdorf AG .....................................  | Stück | 2 121 | 4 399 | 2 278 | EUR | 101,45 | 215 175,45 | 3,51 |
| Capgemini SA .....................................  | Stück | 732 | 761 | 29 | EUR | 100,2 | 73 346,40 | 1,20 |
| Cie Générale des Etablissements Michelin SCA ..........  | Stück | 277 | 207 | 1 133 | EUR | 91,6 | 25 373,20 | 0,41 |
| CRH PLC ........................................  | Stück | 593 | 593 |  | EUR | 30,06 | 17 825,58 | 0,29 |
| Danone SA .......................................  | Stück | 629 | 659 | 30 | EUR | 61,82 | 38 884,78 | 0,63 |
| Engie SA .........................................  | Stück | 11 520 | 19 890 | 8 370 | EUR | 11,085 | 127 699,20 | 2,08 |
| Fresenius Medical Care AG & Co., KgaA ................  | Stück | 286 | 295 | 9 | EUR | 76,22 | 21 798,92 | 0,36 |
| Fresenius SE & Co. KGaA ...........................  | Stück | 399 | 399 |  | EUR | 43,91 | 17 520,09 | 0,29 |
| Henkel AG & Co., KgaA -Pref- ........................  | Stück | 623 | 1 025 | 402 | EUR | 83,14 | 51 796,22 | 0,84 |
| Kering SA ........................................  | Stück | 139 | 146 | 7 | EUR | 479,55 | 66 657,45 | 1,09 |
| Koninklijke Ahold Delhaize NV ........................  | Stück | 1 856 | 3 200 | 1 344 | EUR | 24,35 | 45 193,60 | 0,74 |
| Koninklijke KPN NV ................................  | Stück | 8 820 | 8 820 |  | EUR | 2,357 | 20 788,74 | 0,34 |
| Merck KGaA ......................................  | Stück | 279 | 287 | 8 | EUR | 102,75 | 28 667,25 | 0,47 |
| Sanofi ..........................................  | Stück | 1 097 | 349 | 752 | EUR | 90,36 | 99 124,92 | 1,62 |
| UCB SA .........................................  | Stück | 732 | 329 | 1 382 | EUR | 102,85 | 75 286,20 | 1,23 |
| Barratt Developments PLC ..........................  | Stück | 6 531 | 9 204 | 18 902 | GBP | 4,916 | 35 236,13 | 0,57 |
| GlaxoSmithKline PLC ...............................  | Stück | 779 | 840 | 61 | GBP | 16,304 | 13 938,90 | 0,23 |
| ITV PLC ..........................................  | Stück | 26 715 | 12 958 | 68 311 | GBP | 0,742 | 21 743,10 | 0,35 |
| Persimmon PLC ...................................  | Stück | 2 589 | 1 753 | 3 759 | GBP | 22,77 | 64 698,12 | 1,06 |
| Rio Tinto PLC .....................................  | Stück | 710 | 236 | 2 272 | GBP | 45,135 | 35 169,68 | 0,57 |
| Advantest Corp.  ..................................  | Stück | 339 | 339 |  | JPY | 6 120 | 17 187,26 | 0,28 |
| Bridgestone Corp. .................................  | Stück | 739 | 534 | 3 289 | JPY | 3 469 | 21 237,54 | 0,35 |
| Central Japan Railway Co. ...........................  | Stück | 677 | 1 115 | 1 099 | JPY | 16 690 | 93 605,33 | 1,53 |
| KDDI Corp. .......................................  | Stück | 2 113 | 2 213 | 100 | JPY | 3 234 | 56 610,25 | 0,92 |
| Ono Pharmaceutical Co., Ltd .........................  | Stück | 2 675 | 1 440 | 6 565 | JPY | 3 137 | 69 517,45 | 1,13 |
| Secom Co., Ltd ...................................  | Stück | 930 | 974 | 44 | JPY | 9 423 | 72 598,51 | 1,18 |
| Sekisui House Ltd .................................  | Stück | 7 537 | 14 146 | 6 609 | JPY | 2 052,5 | 128 155,50 | 2,09 |
| Shin-Etsu Chemical Co., Ltd ..........................  | Stück | 294 | 313 | 19 | JPY | 12 595 | 30 676,16 | 0,50 |
| Sony Corp. .......................................  | Stück | 979 | 1 044 | 65 | JPY | 7 384 | 59 886,64 | 0,98 |
| Sumitomo Electric Industries Ltd ......................  | Stück | 3 499 | 1 899 | 9 100 | JPY | 1 239,5 | 35 929,07 | 0,59 |
| Sumitomo Mitsui Financial Group, Inc. .................  | Stück | 2 299 | 17 250 | 14 951 | JPY | 3 032 | 57 746,24 | 0,94 |
| Takeda Pharmaceutical Co., Ltd ......................  | Stück | 979 | 1 044 | 65 | JPY | 3 848 | 31 208,53 | 0,51 |
| Z Holdings Corp. ..................................  | Stück | 7 900 | 8 300 | 400 | JPY | 526 | 34 424,56 | 0,56 |
| Telefonaktiebolaget LM Ericsson ......................  | Stück | 5 043 | 5 244 | 201 | SEK | 85,4 | 41 109,34 | 0,67 |
| AbbVie, Inc. ......................................  | Stück | 1 004 | 728 | 1 584 | USD | 96,07 | 86 062,30 | 1,40 |
| Acuity Brands, Inc. .................................  | Stück | 755 | 198 | 579 | USD | 95,93 | 64 623,85 | 1,05 |
| Amdocs Ltd ......................................  | Stück | 831 | 886 | 55 | USD | 60,45 | 44 821,74 | 0,73 |
| Amgen, Inc. ......................................  | Stück | 440 | 135 | 384 | USD | 232,42 | 91 246,79 | 1,49 |
| Applied Materials, Inc. ..............................  | Stück | 2 365 | 1 634 | 1 956 | USD | 60,21 | 127 054,83 | 2,07 |
| Aptiv PLC ........................................  | Stück | 270 | 270 |  | USD | 75,3 | 18 140,54 | 0,30 |
| AT&T, Inc. ........................................  | Stück | 3 682 | 2 062 | 2 072 | USD | 29,74 | 97 704,86 | 1,59 |
| Best Buy Co., Inc. .................................  | Stück | 1 298 | 1 379 | 81 | USD | 86,77 | 100 492,98 | 1,64 |
| Biogen Idec, Inc. ..................................  | Stück | 184 | 378 | 813 | USD | 260,97 | 42 844,97 | 0,70 |
| Bristol-Myers Squibb Co. ............................  | Stück | 2 787 | 4 648 | 4 526 | USD | 57,68 | 143 434,51 | 2,34 |
| Broadcom, Inc. ...................................  | Stück | 335 | 352 | 17 | USD | 313,16 | 93 605,75 | 1,53 |
| Cisco Systems, Inc. ................................  | Stück | 3 269 | 4 020 | 751 | USD | 46,69 | 136 185,30 | 2,22 |
| Cognizant Technology Solutions Corp. ..................  | Stück | 2 462 | 2 601 | 139 | USD | 57,24 | 125 741,63 | 2,05 |
| Comcast Corp. ....................................  | Stück | 3 342 | 3 535 | 3 231 | USD | 38,15 | 113 760,74 | 1,86 |
| DaVita, Inc. .......................................  | Stück | 800 | 847 | 47 | USD | 77,48 | 55 305,84 | 0,90 |
| Discovery Communications, Inc. ......................  | Stück | 1 436 | 1 507 | 5 084 | USD | 21,115 | 27 054,34 | 0,44 |
| Dover Corp. ......................................  | Stück | 568 | 601 | 33 | USD | 94,55 | 47 918,29 | 0,78 |
| Eaton Corp., PLC ..................................  | Stück | 392 | 440 | 1 763 | USD | 86,17 | 30 139,33 | 0,49 |
| Emerson Electric Co. ...............................  | Stück | 828 | 866 | 38 | USD | 61,05 | 45 103,21 | 0,74 |
| Genuine Parts Co. .................................  | Stück | 404 | 425 | 21 | USD | 86,29 | 31 105,22 | 0,51 |
| Gilead Sciences, Inc. ...............................  | Stück | 423 | 4 800 | 6 518 | USD | 75,61 | 28 537,18 | 0,47 |
| HCA, Inc. ........................................  | Stück | 676 | 716 | 40 | USD | 94,38 | 56 926,97 | 0,93 |
| Hewlett Packard Enterprise Co. .......................  | Stück | 14 496 | 15 731 | 10 425 | USD | 9,55 | 123 521,62 | 2,01 |
| Howmet Aerospace, Inc.  ...........................  | Stück | 3 498 | 3 662 | 164 | USD | 15,92 | 49 688,32 | 0,81 |
| HP, Inc. ..........................................  | Stück | 5 837 | 1 822 | 4 225 | USD | 17,05 | 88 798,47 | 1,45 |
| Intel Corp. ........................................  | Stück | 2 250 | 905 | 1 359 | USD | 59,615 | 119 682,18 | 1,95 |
| International Business Machines Corp. .................  | Stück | 1 608 | 1 574 | 1 015 | USD | 119,51 | 171 467,46 | 2,80 |
| JM Smucker Co./The ...............................  | Stück | 857 | 249 | 689 | USD | 105,39 | 80 588,24 | 1,31 |
| Johnson Controls International PLC ....................  | Stück | 629 | 1 007 | 378 | USD | 33,71 | 18 919,12 | 0,31 |
| ManpowerGroup, Inc. ..............................  | Stück | 656 | 279 | 1 283 | USD | 67,99 | 39 796,08 | 0,65 |
| Masco Corp. ......................................  | Stück | 1 683 | 1 783 | 100 | USD | 49,08 | 73 702,14 | 1,20 |
| Merck & Co., Inc. ..................................  | Stück | 2 276 | 3 797 | 1 521 | USD | 76,39 | 155 131,57 | 2,53 |

DWS Invest CROCI World SDG
| NetApp, Inc. .....................................  | Stück | 509 | 523 | 14 | USD | 44,39 | 20 160,18 | 0,33 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Newell Brands, Inc. ................................  | Stück | 1 255 | 1 255 |  | USD | 15,37 | 17 211,12 | 0,28 |
| Oracle Corp. ......................................  | Stück | 4 572 | 7 704 | 3 132 | USD | 55,07 | 224 653,26 | 3,66 |
| Pfizer, Inc. ........................................  | Stück | 496 | 496 |  | USD | 32,29 | 14 290,29 | 0,23 |
| Regeneron Pharmaceuticals, Inc. ......................  | Stück | 69 | 85 | 479 | USD | 616,92 | 37 981,26 | 0,62 |
| Skyworks Solutions, Inc. ............................  | Stück | 761 | 824 | 1 659 | USD | 127,57 | 86 621,29 | 1,41 |
| Target Corp. ......................................  | Stück | 332 | 352 | 20 | USD | 119,03 | 35 260,29 | 0,57 |
| TE Connectivity Ltd ................................  | Stück | 1 101 | 1 160 | 59 | USD | 80,32 | 78 904,62 | 1,29 |
| TEGNA, Inc. ......................................  | Stück | 1 473 | 1 473 |  | USD | 10,89 | 14 312,72 | 0,23 |
| Tenet Healthcare Corp. .............................  | Stück | 1 317 | 1 317 |  | USD | 17,39 | 20 435,10 | 0,33 |
| Trane Technologies PLC ............................  | Stück | 848 | 891 | 43 | USD | 88,59 | 67 030,43 | 1,09 |
| US Bancorp ......................................  | Stück | 3 839 | 6 387 | 2 548 | USD | 36,325 | 124 427,16 | 2,03 |
| VF Corp.  ........................................  | Stück | 626 | 657 | 31 | USD | 59,21 | 33 072,03 | 0,54 |
| Walgreens Boots Alliance, Inc. .......................  | Stück | 647 | 707 | 2 602 | USD | 41,93 | 24 205,86 | 0,39 |
| Westrock Co. .....................................  | Stück | 2 049 | 611 | 2 453 | USD | 27,13 | 49 600,17 | 0,81 |
| Whirlpool Corp. ....................................  | Stück | 159 | 159 |  | USD | 126,67 | 17 970,59 | 0,29 |
| WW Grainger, Inc. .................................  | Stück | 160 | 169 | 9 | USD | 306,11 | 43 700,75 | 0,71 |
| Wyndham Destinations, Inc. .........................  | Stück | 1 337 | 1 386 | 49 | USD | 27,15 | 32 388,64 | 0,53 |
| An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere	23 634,14	0,39 |
| Aktien Taylor Wimpey PLC ................................  | Stück | 15 311 | 11 125 | 61 579 | GBP | 1,406 | 23 634,14 | 0,39 |
| Summe Wertpapiervermögen |  |  |  |  |  |  | 6 114 505,53 | 99,71 |
| Bankguthaben |  |  |  |  |  |  | 14 549,40 | 0,24 |
| Guthaben in sonstigen EU/EWR-Währungen |  |  |  |  |  |  |  |  |
| Britisches Pfund ...................................  | GBP | 1 117 |  |  |  |  | 1 225,97 | 0,02 |
| Dänische Kronen ..................................  | DKK | 747 |  |  |  |  | 100,23 | 0,00 |
| Norwegische Kronen ...............................  | NOK | 3 189 |  |  |  |  | 293,10 | 0,00 |
| Schwedische Kronen ...............................  | SEK | 30 140 |  |  |  |  | 2 876,96 | 0,05 |
| Guthaben in Nicht-EU/EWR-Währungen .................  |  |  |  |  |  |  |  |  |
| Australischer Dollar ................................  | AUD | 6 743 |  |  |  |  | 4 131,84 | 0,06 |
| Hongkong Dollar ...................................  | HKD | 8 561 |  |  |  |  | 985,54 | 0,02 |
| Japanischer Yen ...................................  | JPY | 142 100 |  |  |  |  | 1 177,20 | 0,02 |
| Kanadischer Dollar .................................  | CAD | 1 874 |  |  |  |  | 1 223,27 | 0,02 |
| Schweizer Franken .................................  | CHF | 1 314 |  |  |  |  | 1 234,42 | 0,02 |
| Singapur Dollar ....................................  | SGD | 1 525 |  |  |  |  | 974,57 | 0,02 |
| US-Dollar ........................................  | USD | 366 |  |  |  |  | 326,30 | 0,01 |
| Sonstige Vermögensgegenstände |  |  |  |  |  |  | 155 284,13 | 2,53 |
| Dividenden- / Ausschüttungsansprüche .................  |  |  |  |  |  |  | 27 882,20 | 0,45 |
| Forderungen aus der Überschreitung des „Expense Cap“ ..  |  |  |  |  |  |  | 127 401,93 | 2,08 |
| Forderungen aus Anteilscheingeschäften |  |  |  |  |  |  | 249 217,50 | 4,06 |
| Summe der Vermögensgegenstände |  |  |  |  |  |  | 6 533 556,56 | 106,54 |
| Kurzfristige Verbindlichkeiten |  |  |  |  |  |  | -99 477,29 | -1,62 |
| EUR-Kredite ......................................  | EUR |  |  |  |  |  | -99 477,29 | -1,62 |
| Sonstige Verbindlichkeiten |  |  |  |  |  |  | -301 833,09 | -4,92 |
| Andere sonstige Verbindlichkeiten .....................  |  |  |  |  |  |  | -301 833,09 | -4,92 |
| Summe der Verbindlichkeiten |  |  |  |  |  |  | -401 310,38 | -6,54 |
| Fondsvermögen |  |  |  |  |  |  | 6 132 246,18 | 100,00 |

Durch Rundung der Prozentanteile bei der Berechnung können geringfügige Rundungsdifferenzen entstanden sein.
Eine Aufstellung über die während des Berichtszeitraums abgeschlossenen Geschäfte, soweit sie nicht mehr in der Vermögensaufstellung erscheinen, ist auf Anforderung kostenlos bei der Verwaltungsgesellschaft erhältlich.
| Anteilwert bzw. umlaufende Anteile | Stück bzw. Währung | Anteilwert in der jeweiligen Währung |
| --- | --- | --- |
| Anteilwert Klasse ID ........................................  | EUR | 11 481,60 |
| Klasse LD ........................................  | EUR | 116,94 |
| Klasse TFC .......................................  | EUR | 107,50 |
| Klasse USD IC ....................................  | USD | 11 421,38 |
| Umlaufende Anteile Klasse ID ........................................  | Stück | 22,000 |
| Klasse LD ........................................  | Stück | 31 155,110 |
| Klasse TFC .......................................  | Stück | 10 703,000 |
| Klasse USD IC ....................................  | Stück | 106,540 |

Zusammensetzung des Referenzportfolios (gem. CSSF-Rundschreiben 11/512) MSCI World Index in EUR
Potenzieller Risikobetrag für das Marktrisiko (gem. CSSF-Rundschreiben 11/512)
| kleinster potenzieller Risikobetrag .....................  | % | 69,632 |
| --- | --- | --- |
| größter potenzieller Risikobetrag ......................  | % | 131,360 |
| durchschnittlicher potenzieller Risikobetrag ..............  | % | 99,670 |

Die Risikokennzahlen wurden für den Zeitraum vom 1.1.2020 bis 30.6.2020 auf Basis der Methode der historischen Simulation mit den Parametern 99% Konfidenzniveau, 10 Tage Haltedauer unter Verwendung eines effektiven, historischen Beobachtungszeitraumes von einem Jahr berechnet. Als Bewertungsmaßstab wird das Risiko eines derivatefreien Vergleichsvermögens herangezogen. Unter dem Marktrisiko versteht man das Risiko, das sich aus der ungünstigsten Entwicklung von Marktpreisen für das Fondsvermögen ergibt. Bei der Ermittlung des Marktrisikopotenzials wendet die Gesellschaft den relativen Value at Risk-Ansatzim Sinne des CSSF-Rundschreibens 11/512 an.
Die durchschnittliche Hebelwirkung aus der Nutzung von Derivaten betrug im Berichtszeitraum 0,0, wobei zur Berechnung die Summe der Nominalbeträge der Derivate in Relation zum Fondsvermögen gesetzt wurde (Nominalwertmethode)
Das durch Derivate erzielte zugrundeliegende Exposure gem. Punkt 40 a) der „Leitlinien zu börsengehandelten Indexfonds und anderen OGAW-Themen“ der European Securities and Markets Authority (ESMA) belief sich zum Berichtsstichtag unter Zugrundelegung einer Bruttobetrachtung auf EUR 0,00.
 Devisenkurse (in Mengennotiz)	
per 30.6.2020
| Australischer Dollar ..............  | AUD | 1,632080 | = | EUR | 1 |
| --- | --- | --- | --- | --- | --- |
| Kanadischer Dollar ...............  | CAD | 1,532233 | = | EUR | 1 |
| Schweizer Franken ...............  | CHF | 1,064768 | = | EUR | 1 |
| Dänische Kronen ................  | DKK | 7,452704 | = | EUR | 1 |
| Britisches Pfund .................  | GBP | 0,911178 | = | EUR | 1 |
| Hongkong Dollar .................  | HKD | 8,686201 | = | EUR | 1 |
| Japanischer Yen .................  | JPY | 120,710331 | = | EUR | 1 |
| Norwegische Kronen .............  | NOK | 10,880517 | = | EUR | 1 |
| Schwedische Kronen .............  | SEK | 10,476263 | = | EUR | 1 |
| Singapur Dollar ..................  | SGD | 1,564791 | = | EUR | 1 |
| US-Dollar ......................  | USD | 1,120750 | = | EUR | 1 |

 Erläuterungen zur Bewertung	
Die Anteilwerte werden in Verantwortung des Verwaltungsrats der SICAV durch die Verwaltungsgesellschaft ermittelt sowie die Bewertung der Vermögenswerte des Fondsvermögens durchgeführt. Die grundsätzliche Kursversorgung sowie die Preisvalidierung erfolgen nach den vom Verwaltungsrat der SICAV auf der Grundlage der in den gesetzlichen Bestimmungen/ Verordnungen bzw. im Prospekt der SICAV definierten Grundsätze für Bewertungsmethoden eingeführten Verfahren.
Sofern keine handelbaren Kurse vorliegen, werden Bewertungsmodelle zur Preisermittlung (abgeleitete Verkehrswerte) genutzt, die zwischen State Street Bank International GmbH, Luxembourg Branch, als externem Price Service Provider und der Verwaltungsgesellschaft abgestimmt sind und sich so weit als möglich auf Marktparameter stützen. Diese Vorgehensweise unterliegt einem permanenten Kontrollprozess. Preisauskünfte Dritter werden durch andere Preisquellen, modellhafte Rechnungen oder durch andere geeignete Verfahren auf Plausibilität geprüft.
Die in diesem Bericht ausgewiesenen Vermögenswerte werden nicht zu abgeleiteten Verkehrswerten bewertet.