# DWS Invest ESG Qi US Equity
DWS INVEST ESG QI US EQUITY

### Performance of share classes vs. benchmark (in USD)
| Share class | ISIN | 6 months |
| --- | --- | --- |
| Class USD IC | LU1978535810 | -21.8% |
| Class USD RC | LU1978536115 | -22.0% |
| MSCI USA |  | -21.5% |

“BVI method” performance, i.e., excluding the initial sales charge.
Past performance is no guide to future results.	As of: June 30, 2022
The format used for complete dates
in security names in the investment
portfolio is “day/month/year”.
DWS Invest ESG Qi US Equity
| Statement of net assets as of June 30, 2022 |  |
| --- | --- |
|  | Amount in USD | % of net assets |
| I. Assets |  |  |
| 1. Equities (sectors): Information Technology | 11 786 374.83 | 25.45 |
| Telecommunication Services | 4 211 786.00 | 9.10 |
| Consumer Discretionaries | 10 342 798.59 | 22.35 |
| Energy | 2 251 988.09 | 4.87 |
| Consumer Staples | 5 795 906.19 | 12.52 |
| Financials | 5 010 886.31 | 10.85 |
| Basic Materials | 720 577.78 | 1.55 |
| Industrials | 3 637 548.90 | 7.86 |
| Utilities | 716 484.08 | 1.55 |
| Total equities | 44 474 350.77 | 96.10 |
| 2. Derivatives | -67 392.50 | -0.15 |
| 3. Cash at bank | 1 836 940.15 | 3.97 |
| 4. Other assets | 61 460.41 | 0.13 |
| II. Liabilities |  |  |
| 1. Other liabilities | -26 713.89 | -0.05 |
| III. Net assets | 46 278 644.94 | 100.00 |

Negligible rounding errors may have arisen due to the rounding of calculated percentages.
Investment portfolio – June 30, 2022
| Securities traded on an exchange |  |  |  |  |  |  | 44 474 350.77 | 96.10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equities |  |  |  |  |  |  |  |  |
| Abbott Laboratories.................................  | Count | 2 474 | 2 913 | 1 019 | USD | 108.2 | 267 686.80 | 0.58 |
| AbbVie, Inc. .......................................  | Count | 3 500 | 2 919 |  | USD | 152.29 | 533 015.00 | 1.15 |
| Accenture PLC ....................................  | Count | 957 | 798 |  | USD | 276.21 | 264 332.97 | 0.57 |
| Activision Blizzard, Inc. ..............................  | Count | 1 588 | 1 324 |  | USD | 77.29 | 122 736.52 | 0.27 |
| Adobe, Inc. .......................................  | Count | 1 560 | 1 301 |  | USD | 359.15 | 560 274.00 | 1.21 |
| Advanced Micro Devices, Inc..........................  | Count | 2 113 | 1 762 |  | USD | 76.62 | 161 898.06 | 0.35 |
| Aflac, Inc..........................................  | Count | 1 010 | 842 |  | USD | 54.71 | 55 257.10 | 0.12 |
| Align Technology, Inc. ...............................  | Count | 528 | 440 |  | USD | 233.84 | 123 467.52 | 0.27 |
| Allegion plc .......................................  | Count | 970 | 809 |  | USD | 97.69 | 94 759.30 | 0.20 |
| Ally Financial, Inc. ..................................  | Count | 8 821 | 7 356 |  | USD | 32.89 | 290 122.69 | 0.63 |
| Alphabet, Inc. .....................................  | Count | 463 | 386 |  | USD | 2 172.1 | 1 005 682.30 | 2.17 |
| Alphabet, Inc. .....................................  | Count | 469 | 391 |  | USD | 2 157.78 | 1 011 998.82 | 2.19 |
| Ameriprise Financial, Inc. ............................  | Count | 2 549 | 2 126 |  | USD | 232.8 | 593 407.20 | 1.28 |
| Anthem, Inc. ......................................  | Count | 668 | 557 |  | USD | 486.48 | 324 968.64 | 0.70 |
| Apple, Inc. ........................................  | Count | 23 767 | 19 820 |  | USD | 135.28 | 3 215 199.76 | 6.95 |
| Applied Materials, Inc................................  | Count | 3 335 | 2 781 |  | USD | 89.46 | 298 349.10 | 0.64 |
| Aptiv PLC.........................................  | Count | 1 946 | 1 623 |  | USD | 87.31 | 169 905.26 | 0.37 |
| Archer-Daniels-Midland Co............................  | Count | 3 860 | 3 219 |  | USD | 76.61 | 295 714.60 | 0.64 |
| Arista Networks, Inc.................................  | Count | 1 939 | 1 617 |  | USD | 92.6 | 179 551.40 | 0.39 |
| Arrow Electronics, Inc. ..............................  | Count | 2 207 | 2 207 |  | USD | 109.26 | 241 136.82 | 0.52 |
| Atmos Energy Corp. ................................  | Count | 3 173 | 2 646 |  | USD | 110.98 | 352 139.54 | 0.76 |
| Autodesk, Inc. .....................................  | Count | 367 | 306 |  | USD | 172.04 | 63 138.68 | 0.14 |
| Automatic Data Processing, Inc. .......................  | Count | 326 | 272 |  | USD | 210.35 | 68 574.10 | 0.15 |
| AutoZone, Inc. .....................................  | Count | 103 | 86 |  | USD | 2 119.74 | 218 333.22 | 0.47 |
| Avery Dennison Corp. ...............................  | Count | 783 | 653 |  | USD | 160.64 | 125 781.12 | 0.27 |
| Baker Hughes Co. ..................................  | Count | 10 129 | 8 447 |  | USD | 29.97 | 303 566.13 | 0.66 |
| Best Buy Co, Inc. ..................................  | Count | 1 594 | 1 431 |  | USD | 65.23 | 103 976.62 | 0.22 |
| Biogen, Inc. .......................................  | Count | 211 | 176 |  | USD | 202.38 | 42 702.18 | 0.09 |
| BlackRock, Inc. ....................................  | Count | 796 | 664 |  | USD | 597.91 | 475 936.36 | 1.03 |
| Booking Holdings, Inc................................  | Count | 115 | 96 |  | USD | 1 713.77 | 197 083.55 | 0.43 |
| BorgWarner, Inc. ...................................  | Count | 3 925 | 3 273 |  | USD | 33.15 | 130 113.75 | 0.28 |
| Bristol-Myers Squibb Co..............................  | Count | 8 883 | 7 408 |  | USD | 76.9 | 683 102.70 | 1.48 |
| Cadence Design Systems, Inc. ........................  | Count | 1 669 | 1 392 |  | USD | 149.29 | 249 165.01 | 0.54 |
| Carrier Global Corp. .................................  | Count | 8 190 | 6 830 |  | USD | 35.54 | 291 072.60 | 0.63 |
| Catalent, Inc. ......................................         | Count | 2 067 | 1 724 |  | USD | 105.29 | 217 634.43 | 0.47 |
| CBRE Group, Inc. ..................................  | Count | 8 749 | 7 296 |  | USD | 72.3 | 632 552.70 | 1.37 |
| Celanese Corp. ....................................  | Count | 886 | 739 |  | USD | 116.11 | 102 873.46 | 0.22 |
| Cheniere Energy, Inc. ...............................  | Count | 4 090 | 5 122 | 2 052 | USD | 133.31 | 545 237.90 | 1.18 |
| Chevron Corp. .....................................  | Count | 2 468 | 2 058 |  | USD | 146.65 | 361 932.20 | 0.78 |
| Chipotle Mexican Grill, Inc. ...........................  | Count | 78 | 65 |  | USD | 1 282.97 | 100 071.66 | 0.22 |
| Cigna Corp. .......................................  | Count | 817 | 681 |  | USD | 263.95 | 215 647.15 | 0.47 |
| Cisco Systems, Inc..................................  | Count | 5 532 | 4 613 |  | USD | 42.27 | 233 837.64 | 0.51 |
| Colgate-Palmolive Co. ...............................  | Count | 1 759 | 1 467 |  | USD | 79.54 | 139 910.86 | 0.30 |
| ConocoPhillips .....................................  | Count | 2 530 | 2 530 |  | USD | 90.47 | 228 889.10 | 0.49 |
| Consolidated Edison, Inc. ............................  | Count | 2 937 | 2 449 |  | USD | 95.08 | 279 249.96 | 0.60 |
| Constellation Brands, Inc. ............................  | Count | 471 | 692 | 359 | USD | 232.57 | 109 540.47 | 0.24 |
| Copart, Inc. .......................................  | Count | 1 908 | 1 591 |  | USD | 106.82 | 203 812.56 | 0.44 |
| Costco Wholesale Corp. .............................  | Count | 578 | 482 |  | USD | 468.75 | 270 937.50 | 0.59 |
| Crowdstrike Holdings, Inc. ...........................  | Count | 886 | 739 |  | USD | 166.15 | 147 208.90 | 0.32 |
| Crown Holdings, Inc. ................................  | Count | 2 107 | 1 757 |  | USD | 91.76 | 193 338.32 | 0.42 |
| CSX Corp. ........................................  | Count | 4 407 | 3 675 |  | USD | 28.735 | 126 635.15 | 0.27 |
| Cummins, Inc. .....................................  | Count | 740 | 617 |  | USD | 189.59 | 140 296.60 | 0.30 |
| CVS Health Corp....................................  | Count | 1 703 | 1 420 |  | USD | 92.96 | 158 310.88 | 0.34 |
| Danaher Corp. .....................................  | Count | 295 | 246 |  | USD | 250.48 | 73 891.60 | 0.16 |
| Deere & Co........................................  | Count | 926 | 772 |  | USD | 295.06 | 273 225.56 | 0.59 |
| Dexcom, Inc. ......................................  | Count | 508 | 487 |  | USD | 74.32 | 37 754.56 | 0.08 |
| Discover Financial Services ...........................  | Count | 469 | 391 |  | USD | 92.19 | 43 237.11 | 0.09 |
| eBay, Inc..........................................  | Count | 1 277 | 1 065 |  | USD | 41.19 | 52 599.63 | 0.11 |
| Edwards Lifesciences Corp. ..........................  | Count | 2 145 | 1 789 |  | USD | 94.65 | 203 024.25 | 0.44 |
| Electronic Arts, Inc. .................................  | Count | 2 788 | 2 325 |  | USD | 121.37 | 338 379.56 | 0.73 |
| Emerson Electric Co.................................  | Count | 3 456 | 2 882 |  | USD | 79.28 | 273 991.68 | 0.59 |
| Enphase Energy, Inc.................................  | Count | 746 | 622 |  | USD | 185.26 | 138 203.96 | 0.30 |
| EOG Resources, Inc. ................................  | Count | 2 729 | 2 276 |  | USD | 113.38 | 309 414.02 | 0.67 |
| Essential Utilities, Inc. ...............................  | Count | 1 091 | 910 |  | USD | 45.51 | 49 651.41 | 0.11 |
| Estee Lauder Cos, Inc. ..............................  | Count | 1 091 | 910 |  | USD | 250.12 | 272 880.92 | 0.59 |
| Eversource Energy .................................  | Count | 423 | 353 |  | USD | 83.79 | 35 443.17 | 0.08 |
| Exxon Mobil Corp. ..................................  | Count | 3 242 | 3 616 | 1 094 | USD | 86.4 | 280 108.80 | 0.61 |
| Fastenal Co........................................  | Count | 6 051 | 5 046 |  | USD | 49.32 | 298 435.32 | 0.64 |
| FMC Corp. ........................................  | Count | 1 119 | 933 |  | USD | 106.3 | 118 949.70 | 0.26 |
| General Mills, Inc. ..................................  | Count | 4 003 | 3 338 |  | USD | 74.61 | 298 663.83 | 0.65 |
| General Motors Co. .................................  | Count | 3 378 | 2 817 |  | USD | 31.6 | 106 744.80 | 0.23 |
| Goldman Sachs Group, Inc............................  | Count | 674 | 562 |  | USD | 293.41 | 197 758.34 | 0.43 |
| Halliburton Co......................................  | Count | 2 626 | 2 190 |  | USD | 32.23 | 84 635.98 | 0.18 |
| Hartford Financial Services Group, Inc. ..................  | Count | 2 089 | 1 742 |  | USD | 63.81 | 133 299.09 | 0.29 |
| Hershey Co........................................  | Count | 808 | 674 |  | USD | 217.16 | 175 465.28 | 0.38 |
| Hewlett Packard Enterprise Co. .......................  | Count | 11 074 | 11 074 |  | USD | 13.12 | 145 290.88 | 0.31 |

| Count/ Security name	units/ | Quantity/ principal | Purchases/ additions | Sales/ disposals | Currency | Market price | Total market value in | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  | currency | amount | in the reporting period |  | USD |
| Home Depot, Inc. ..................................  | Count | 2 943 | 2 454 | USD | 270.06	794 786.58	1.72 |
| HP, Inc. ..........................................  | Count | 5 877 | 4 901 | USD | 32.98	193 823.46	0.42 |
| IDEXX Laboratories, Inc. .............................  | Count | 451 | 376 |  | USD | 347.7 | 156 812.70 | 0.34 |
| Illinois Tool Works, Inc. ..............................  | Count | 1 669 | 1 392 |  | USD | 178.61 | 298 100.09 | 0.64 |
| Intel Corp. ........................................  | Count | 5 936 | 4 950 |  | USD | 36.84 | 218 682.24 | 0.47 |
| Intercontinental Exchange, Inc. ........................  | Count | 738 | 738 |  | USD | 94.47 | 69 718.86 | 0.15 |
| Interpublic Group of Cos, Inc. .........................  | Count | 7 829 | 6 529 |  | USD | 27.16 | 212 635.64 | 0.46 |
| Intuit, Inc. ........................................  | Count | 1 483 | 1 237 |  | USD | 378.83 | 561 804.89 | 1.21 |
| Johnson & Johnson.................................  | Count | 3 239 | 2 701 |  | USD | 176.37 | 571 262.43 | 1.23 |
| JPMorgan Chase & Co...............................  | Count | 6 020 | 5 083 |  | USD | 111.27 | 669 845.40 | 1.45 |
| Kellogg Co. .......................................  | Count | 1 883 | 1 570 |  | USD | 71.76 | 135 124.08 | 0.29 |
| Keysight Technologies, Inc............................  | Count | 385 | 321 |  | USD | 136.88 | 52 698.80 | 0.11 |
| Kroger Co. ........................................  | Count | 3 608 | 3 009 |  | USD | 47.55 | 171 560.40 | 0.37 |
| Lam Research Corp. ................................  | Count | 199 | 166 |  | USD | 416.55 | 82 893.45 | 0.18 |
| Lear Corp. ........................................  | Count | 528 | 440 |  | USD | 122.67 | 64 769.76 | 0.14 |
| Linde PLC ........................................  | Count | 693 | 578 |  | USD | 283.44 | 196 423.92 | 0.42 |
| Lowe‘s Cos, Inc. ...................................  | Count | 1 657 | 1 382 |  | USD | 172.32 | 285 534.24 | 0.62 |
| Mastercard, Inc. ...................................  | Count | 1 125 | 938 |  | USD | 310.68 | 349 515.00 | 0.76 |
| McDonald‘s Corp. ..................................  | Count | 2 021 | 1 722 |  | USD | 246.56 | 498 297.76 | 1.08 |
| McKesson Corp. ...................................  | Count | 377 | 377 |  | USD | 325.6 | 122 751.20 | 0.27 |
| Merck & Co, Inc. ...................................  | Count | 6 738 | 5 619 |  | USD | 92.29 | 621 850.02 | 1.34 |
| Meta Platforms, Inc. ................................  | Count | 3 120 | 2 602 |  | USD | 160.04 | 499 324.80 | 1.08 |
| MetLife, Inc. ......................................  | Count | 5 806 | 4 842 |  | USD | 61.54 | 357 301.24 | 0.77 |
| Mettler-Toledo International, Inc. ......................  | Count | 109 | 91 |  | USD | 1 132.99 | 123 495.91 | 0.27 |
| Microchip Technology, Inc. ...........................  | Count | 2 161 | 2 161 |  | USD | 56.74 | 122 615.14 | 0.26 |
| Micron Technology, Inc. .............................  | Count | 951 | 793 |  | USD | 54.51 | 51 839.01 | 0.11 |
| Microsoft Corp. ....................................  | Count | 10 804 | 9 010 |  | USD | 255.12 | 2 756 316.48 | 5.96 |
| Morgan Stanley ....................................  | Count | 1 535 | 1 280 |  | USD | 74.93 | 115 017.55 | 0.25 |
| MSCI, Inc. ........................................  | Count | 429 | 358 |  | USD | 401.11 | 172 076.19 | 0.37 |
| NetApp, Inc. ......................................  | Count | 1 601 | 1 335 |  | USD | 64.75 | 103 664.75 | 0.22 |
| Netflix, Inc. .......................................  | Count | 578 | 482 |  | USD | 171.45 | 99 098.10 | 0.21 |
| NVIDIA Corp. ......................................  | Count | 5 563 | 4 639 |  | USD | 150.54 | 837 454.02 | 1.81 |
| Omnicom Group, Inc. ...............................  | Count | 1 657 | 1 382 |  | USD | 62.65 | 103 811.05 | 0.22 |
| Oracle Corp. ......................................  | Count | 2 222 | 1 853 |  | USD | 68.66 | 152 562.52 | 0.33 |
| Otis Worldwide Corp. ...............................  | Count | 4 774 | 3 981 |  | USD | 69.33 | 330 981.42 | 0.72 |
| Owens Corning ....................................  | Count | 2 942 | 2 942 |  | USD | 73.71 | 216 854.82 | 0.47 |
| PayPal Holdings, Inc. ................................  | Count | 1 439 | 1 200 |  | USD | 67.98 | 97 823.22 | 0.21 |
| PepsiCo, Inc. ......................................  | Count | 3 674 | 3 064 |  | USD | 167.02 | 613 631.48 | 1.33 |
| Pfizer, Inc. ........................................  | Count | 4 786 | 4 786 |  | USD | 51.5 | 246 479.00 | 0.53 |
| Pool Corp. ........................................  | Count | 348 | 290 |  | USD | 345.06 | 120 080.88 | 0.26 |
| Procter & Gamble Co. ...............................  | Count | 4 342 | 3 621 |  | USD | 142.04 | 616 737.68 | 1.33 |
| QUALCOMM, Inc...................................  | Count | 1 464 | 1 254 |  | USD | 126.16 | 184 698.24 | 0.40 |
| Quest Diagnostics, Inc. ..............................  | Count | 1 259 | 1 050 |  | USD | 135.46 | 170 544.14 | 0.37 |
| Regeneron Pharmaceuticals, Inc. ......................  | Count | 333 | 278 |  | USD | 587.87 | 195 760.71 | 0.42 |
| Regions Financial Corp. ..............................  | Count | 16 013 | 13 354 |  | USD | 18.365 | 294 078.75 | 0.64 |
| Royalty Pharma PLC ................................  | Count | 3 919 | 3 268 |  | USD | 41.6 | 163 030.40 | 0.35 |
| S&P Global, Inc.....................................  | Count | 880 | 734 |  | USD | 332.96 | 293 004.80 | 0.63 |
| Salesforce, Inc. ....................................  | Count | 584 | 487 |  | USD | 162.18 | 94 713.12 | 0.20 |
| Sealed Air Corp.....................................  | Count | 8 118 | 6 770 |  | USD | 57.7 | 468 408.60 | 1.01 |
| ServiceNow, Inc. ...................................  | Count | 246 | 205 |  | USD | 462.31 | 113 728.26 | 0.25 |
| Snap-on, Inc. ......................................         | Count | 252 | 210 |  | USD | 195.62 | 49 296.24 | 0.11 |
| Starbucks Corp. ....................................  | Count | 1 992 | 1 661 |  | USD | 75.335 | 150 067.32 | 0.32 |
| Steel Dynamics, Inc. ................................  | Count | 4 662 | 3 888 |  | USD | 64.85 | 302 330.70 | 0.65 |
| SVB Financial Group ................................  | Count | 96 | 80 |  | USD | 376.98 | 36 190.08 | 0.08 |
| Synchrony Financial.................................  | Count | 7 829 | 6 529 |  | USD | 27.35 | 214 123.15 | 0.46 |
| Target Corp........................................  | Count | 1 162 | 969 |  | USD | 137.71 | 160 019.02 | 0.35 |
| Teradyne, Inc. .....................................  | Count | 699 | 583 |  | USD | 88.61 | 61 938.39 | 0.13 |
| Tesla, Inc. ........................................  | Count | 1 054 | 879 |  | USD | 675.9 | 712 398.60 | 1.54 |
| Texas Instruments, Inc...............................  | Count | 2 639 | 2 201 |  | USD | 151.5 | 399 808.50 | 0.86 |
| Thermo Fisher Scientific, Inc. .........................  | Count | 258 | 215 |  | USD | 533.59 | 137 666.22 | 0.30 |
| TJX Cos, Inc. ......................................  | Count | 2 518 | 2 100 |  | USD | 55.87 | 140 680.66 | 0.30 |
| Tractor Supply Co. ..................................  | Count | 1 703 | 1 420 |  | USD | 193.45 | 329 445.35 | 0.71 |
| TransUnion .......................................  | Count | 2 312 | 2 356 | 513 | USD | 78.27 | 180 960.24 | 0.39 |
| Union Pacific Corp. .................................  | Count | 1 209 | 1 008 |  | USD | 210.23 | 254 168.07 | 0.55 |
| United Parcel Service, Inc. ...........................  | Count | 1 958 | 1 633 |  | USD | 178.44 | 349 385.52 | 0.76 |
| UnitedHealth Group, Inc..............................  | Count | 1 939 | 1 617 |  | USD | 513 | 994 707.00 | 2.15 |
| US Bancorp .......................................  | Count | 3 782 | 3 154 |  | USD | 44.96 | 170 038.72 | 0.37 |
| Vail Resorts, Inc. ...................................  | Count | 385 | 321 |  | USD | 216.41 | 83 317.85 | 0.18 |
| Veeva Systems, Inc. ................................  | Count | 404 | 337 |  | USD | 193.87 | 78 323.48 | 0.17 |
| VeriSign, Inc. ......................................         | Count | 354 | 295 |  | USD | 166.67 | 59 001.18 | 0.13 |
| Verizon Communications, Inc..........................  | Count | 7 941 | 6 622 |  | USD | 50.69 | 402 529.29 | 0.87 |
| Vertex Pharmaceuticals, Inc. ..........................  | Count | 1 741 | 1 452 |  | USD | 278.78 | 485 355.98 | 1.05 |
| ViacomCBS, Inc. ...................................  | Count | 6 340 | 5 865 |  | USD | 24.39 | 154 632.60 | 0.33 |
| Visa, Inc. .........................................  | Count | 1 619 | 1 350 |  | USD | 193.63 | 313 486.97 | 0.68 |
| Whirlpool Corp. ....................................  | Count | 883 | 883 |  | USD | 152.22 | 134 410.26 | 0.29 |
| WW Grainger, Inc...................................  | Count | 932 | 777 |  | USD | 450.78 | 420 126.96 | 0.91 |
| Yum! Brands, Inc. ..................................  | Count | 1 414 | 1 179 |  | USD | 112.69 | 159 343.66 | 0.34 |
| Zebra Technologies Corp. ............................  | Count | 115 | 96 |  | USD | 290.95 | 33 459.25 | 0.07 |
| Total securities portfolio |  |  |  |  |  |  | 44 474 350.77 | 96.10 |

| Security name | Count/ units/ currency | Quantity/ principal amount | Purchases/ additions in the | Sales/ disposals reporting period | Currency | Market price | Total market value in USD | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Derivatives Minus signs denote short positions |  |  |  |  |  |  |  |  |
| Equity index derivatives Receivables/payables |  |  |  |  |  |  | -67 392.50 | -0.15 |
| Equity index futures S & P MINI 500 Futures 09/2022 (DB) ..................  | Count | 9 | 9 |  |  |  | -67 392.50 | -0.15 |
| Cash at bank |  |  |  |  |  |  | 1 836 940.15 | 3.97 |
| Demand deposits at Depositary EUR deposits......................................  | EUR | 361 |  |  |  |  | 375.72 | 0.00 |
| Deposits in non-EU/EEA currencies |  |  |  |  |  |  |  |  |
| U.S. dollar ........................................  | USD |  |  |  |  |  | 1 836 564.43 | 3.97 |
| Other assets |  |  |  |  |  |  | 61 460.41 | 0.13 |
| Dividends/Distributions receivable .....................  |  |  |  |  |  |  | 22 642.67 | 0.05 |
| Receivables from exceeding the expense cap ............  |  |  |  |  |  |  | 38 388.80 | 0.08 |
| Other receivables ..................................  |  |  |  |  |  |  | 428.94 | 0.00 |
| Total assets * |  |  |  |  |  |  | 46 372 751.33 | 100.20 |
| Other liabilities |  |  |  |  |  |  | -26 713.89 | -0.05 |
| Liabilities from cost items ............................  |  |  |  |  |  |  | -26 713.89 | -0.05 |
| Total liabilities |  |  |  |  |  |  | -94 106.39 | -0.20 |
| Net assets |  |  |  |  |  |  | 46 278 644.94 | 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 USD IC ......................................  | USD | 135.57 |
| Class USD RC .....................................  | USD | 133.93 |
| Number of shares outstanding Class USD IC ......................................  | Count | 341 256.000 |
| Class USD RC .....................................  | Count | 111.000 |

Composition of the reference portfolio (according to CSSF circular 11/512) MSCI Developed - US Net TR Index
Market risk exposure (value-at-risk) (according to CSSF circular 11/512)
| Lowest market risk exposure .........................  | % | 91.144 |
| --- | --- | --- |
| Highest market risk exposure .........................  | % | 102.776 |
| Average market risk exposure ........................  | % | 98.969 |

The values-at-risk were calculated for the period from January 1, 2022, through June 30, 2022, 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 USD 1 703 423.18 as of the reporting date.
 Market abbreviations	 Futures exchanges
DB = Deutsche Bank AG Frankfurt
 Exchange rates (indirect quotes)	
As of June 30, 2022 Euro ......................... . EUR	0.960108	= USD	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.
 Footnote	
* Does not include positions with a negative balance, if such exist.

Translation (ENDE, 2022-06-30):
# DWS Invest ESG Qi US Equity
DWS INVEST ESG QI US EQUITY

### Wertentwicklung der Anteilklassen vs. Vergleichsindex (in USD)
| Anteilklasse | ISIN | 6 Monate |
| --- | --- | --- |
| Klasse USD IC | LU1978535810 | -21,8% |
| Klasse USD RC | LU1978536115 | -22,0% |
| MSCI USA |  | -21,5% |

Wertentwicklung nach BVI-Methode, d. h. ohne Berücksichtigung des Ausgabeaufschlages.
Wertentwicklungen der Vergangenheit ermöglichen keine Prognose für die Zukunft.	Stand: 30.6.2022
DWS Invest ESG Qi US Equity
| Vermögensübersicht zum 30.6.2022 |  |
| --- | --- |
|  | Bestand in USD | %-Anteil am Fondsvermögen |
| I. Vermögensgegenstände |  |  |
| 1. Aktien (Branchen) Informationstechnologie | 11 786 374,83 | 25,45 |
| Telekommunikationsdienste | 4 211 786,00 | 9,10 |
| Dauerhafte Konsumgüter | 10 342 798,59 | 22,35 |
| Energie | 2 251 988,09 | 4,87 |
| Hauptverbrauchsgüter | 5 795 906,19 | 12,52 |
| Finanzsektor | 5 010 886,31 | 10,85 |
| Grundstoffe | 720 577,78 | 1,55 |
| Industrien | 3 637 548,90 | 7,86 |
| Versorger | 716 484,08 | 1,55 |
| Summe Aktien | 44 474 350,77 | 96,10 |
| 2. Derivate | -67 392,50 | -0,15 |
| 3. Bankguthaben | 1 836 940,15 | 3,97 |
| 4. Sonstige Vermögensgegenstände | 61 460,41 | 0,13 |
| II. Verbindlichkeiten |  |  |
| 1. Sonstige Verbindlichkeiten | -26 713,89 | -0,05 |
| III. Fondsvermögen | 46 278 644,94 | 100,00 |

Durch Rundung der Prozentanteile bei der Berechnung können geringfügige Rundungsdifferenzen entstanden sein.
Vermögensaufstellung zum 30.6.2022
| Wertpapierbezeichnung | Stück bzw. Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Währung	Bestand	im Berichtszeitraum	USD	vermögen |
| Börsengehandelte Wertpapiere |  |  |  |  |  |  | 44 474 350,77 | 96,10 |
| Aktien Abbott Laboratories  ...............................  | Stück | 2 474 | 2 913 | 1 019 | USD | 108,2 | 267 686,80 | 0,58 |
| AbbVie, Inc.  .....................................  | Stück | 3 500 | 2 919 |  | USD | 152,29 | 533 015,00 | 1,15 |
| Accenture PLC  ...................................  | Stück | 957 | 798 |  | USD | 276,21 | 264 332,97 | 0,57 |
| Activision Blizzard, Inc. .............................  | Stück | 1 588 | 1 324 |  | USD | 77,29 | 122 736,52 | 0,27 |
| Adobe, Inc. ......................................  | Stück | 1 560 | 1 301 |  | USD | 359,15 | 560 274,00 | 1,21 |
| Advanced Micro Devices, Inc.  .......................  | Stück | 2 113 | 1 762 |  | USD | 76,62 | 161 898,06 | 0,35 |
| Aflac, Inc. .......................................  | Stück | 1 010 | 842 |  | USD | 54,71 | 55 257,10 | 0,12 |
| Align Technology, Inc. ..............................  | Stück | 528 | 440 |  | USD | 233,84 | 123 467,52 | 0,27 |
| Allegion plc ......................................  | Stück | 970 | 809 |  | USD | 97,69 | 94 759,30 | 0,20 |
| Ally Financial, Inc. .................................  | Stück | 8 821 | 7 356 |  | USD | 32,89 | 290 122,69 | 0,63 |
| Alphabet, Inc. ....................................  | Stück | 463 | 386 |  | USD | 2 172,1 | 1 005 682,30 | 2,17 |
| Alphabet, Inc. ....................................  | Stück | 469 | 391 |  | USD | 2 157,78 | 1 011 998,82 | 2,19 |
| Ameriprise Financial, Inc. ...........................  | Stück | 2 549 | 2 126 |  | USD | 232,8 | 593 407,20 | 1,28 |
| Anthem, Inc. .....................................  | Stück | 668 | 557 |  | USD | 486,48 | 324 968,64 | 0,70 |
| Apple, Inc.  ......................................  | Stück | 23 767 | 19 820 |  | USD | 135,28 | 3 215 199,76 | 6,95 |
| Applied Materials, Inc.  .............................  | Stück | 3 335 | 2 781 |  | USD | 89,46 | 298 349,10 | 0,64 |
| Aptiv PLC  .......................................  | Stück | 1 946 | 1 623 |  | USD | 87,31 | 169 905,26 | 0,37 |
| Archer-Daniels-Midland Co.  .........................  | Stück | 3 860 | 3 219 |  | USD | 76,61 | 295 714,60 | 0,64 |
| Arista Networks, Inc.  ..............................  | Stück | 1 939 | 1 617 |  | USD | 92,6 | 179 551,40 | 0,39 |
| Arrow Electronics, Inc. .............................  | Stück | 2 207 | 2 207 |  | USD | 109,26 | 241 136,82 | 0,52 |
| Atmos Energy Corp. ...............................  | Stück | 3 173 | 2 646 |  | USD | 110,98 | 352 139,54 | 0,76 |
| Autodesk, Inc.  ...................................  | Stück | 367 | 306 |  | USD | 172,04 | 63 138,68 | 0,14 |
| Automatic Data Processing, Inc.  .....................  | Stück | 326 | 272 |  | USD | 210,35 | 68 574,10 | 0,15 |
| AutoZone, Inc.  ...................................  | Stück | 103 | 86 |  | USD | 2 119,74 | 218 333,22 | 0,47 |
| Avery Dennison Corp.  .............................  | Stück | 783 | 653 |  | USD | 160,64 | 125 781,12 | 0,27 |
| Baker Hughes Co.  ................................  | Stück | 10 129 | 8 447 |  | USD | 29,97 | 303 566,13 | 0,66 |
| Best Buy Co, Inc.  .................................  | Stück | 1 594 | 1 431 |  | USD | 65,23 | 103 976,62 | 0,22 |
| Biogen, Inc.  .....................................  | Stück | 211 | 176 |  | USD | 202,38 | 42 702,18 | 0,09 |
| BlackRock, Inc. ...................................  | Stück | 796 | 664 |  | USD | 597,91 | 475 936,36 | 1,03 |
| Booking Holdings, Inc. .............................  | Stück | 115 | 96 |  | USD | 1 713,77 | 197 083,55 | 0,43 |
| BorgWarner, Inc.  .................................  | Stück | 3 925 | 3 273 |  | USD | 33,15 | 130 113,75 | 0,28 |
| Bristol-Myers Squibb Co.  ...........................  | Stück | 8 883 | 7 408 |  | USD | 76,9 | 683 102,70 | 1,48 |
| Cadence Design Systems, Inc.  ......................  | Stück | 1 669 | 1 392 |  | USD | 149,29 | 249 165,01 | 0,54 |
| Carrier Global Corp.  ...............................  | Stück | 8 190 | 6 830 |  | USD | 35,54 | 291 072,60 | 0,63 |
| Catalent, Inc.  ....................................  | Stück | 2 067 | 1 724 |  | USD | 105,29 | 217 634,43 | 0,47 |
| CBRE Group, Inc.  .................................  | Stück | 8 749 | 7 296 |  | USD | 72,3 | 632 552,70 | 1,37 |
| Celanese Corp. ...................................  | Stück | 886 | 739 |  | USD | 116,11 | 102 873,46 | 0,22 |
| Cheniere Energy, Inc. ..............................  | Stück | 4 090 | 5 122 | 2 052 | USD | 133,31 | 545 237,90 | 1,18 |
| Chevron Corp.  ...................................  | Stück | 2 468 | 2 058 |  | USD | 146,65 | 361 932,20 | 0,78 |
| Chipotle Mexican Grill, Inc.  .........................  | Stück | 78 | 65 |  | USD | 1 282,97 | 100 071,66 | 0,22 |
| Cigna Corp. ......................................  | Stück | 817 | 681 |  | USD | 263,95 | 215 647,15 | 0,47 |
| Cisco Systems, Inc.  ...............................  | Stück | 5 532 | 4 613 |  | USD | 42,27 | 233 837,64 | 0,51 |
| Colgate-Palmolive Co.  .............................  | Stück | 1 759 | 1 467 |  | USD | 79,54 | 139 910,86 | 0,30 |
| ConocoPhillips  ...................................  | Stück | 2 530 | 2 530 |  | USD | 90,47 | 228 889,10 | 0,49 |
| Consolidated Edison, Inc. ...........................  | Stück | 2 937 | 2 449 |  | USD | 95,08 | 279 249,96 | 0,60 |
| Constellation Brands, Inc.  ..........................  | Stück | 471 | 692 | 359 | USD | 232,57 | 109 540,47 | 0,24 |
| Copart, Inc. ......................................  | Stück | 1 908 | 1 591 |  | USD | 106,82 | 203 812,56 | 0,44 |
| Costco Wholesale Corp.  ............................  | Stück | 578 | 482 |  | USD | 468,75 | 270 937,50 | 0,59 |
| Crowdstrike Holdings, Inc. ..........................  | Stück | 886 | 739 |  | USD | 166,15 | 147 208,90 | 0,32 |
| Crown Holdings, Inc.  ..............................  | Stück | 2 107 | 1 757 |  | USD | 91,76 | 193 338,32 | 0,42 |
| CSX Corp. .......................................  | Stück | 4 407 | 3 675 |  | USD | 28,735 | 126 635,15 | 0,27 |
| Cummins, Inc.  ...................................  | Stück | 740 | 617 |  | USD | 189,59 | 140 296,60 | 0,30 |
| CVS Health Corp.  .................................  | Stück | 1 703 | 1 420 |  | USD | 92,96 | 158 310,88 | 0,34 |
| Danaher Corp.  ...................................  | Stück | 295 | 246 |  | USD | 250,48 | 73 891,60 | 0,16 |
| Deere & Co.  .....................................  | Stück | 926 | 772 |  | USD | 295,06 | 273 225,56 | 0,59 |
| Dexcom, Inc.  ....................................  | Stück | 508 | 487 |  | USD | 74,32 | 37 754,56 | 0,08 |
| Discover Financial Services  .........................  | Stück | 469 | 391 |  | USD | 92,19 | 43 237,11 | 0,09 |
| eBay, Inc. .......................................  | Stück | 1 277 | 1 065 |  | USD | 41,19 | 52 599,63 | 0,11 |
| Edwards Lifesciences Corp.  .........................  | Stück | 2 145 | 1 789 |  | USD | 94,65 | 203 024,25 | 0,44 |
| Electronic Arts, Inc.  ...............................  | Stück | 2 788 | 2 325 |  | USD | 121,37 | 338 379,56 | 0,73 |
| Emerson Electric Co.  ..............................  | Stück | 3 456 | 2 882 |  | USD | 79,28 | 273 991,68 | 0,59 |
| Enphase Energy, Inc. ..............................  | Stück | 746 | 622 |  | USD | 185,26 | 138 203,96 | 0,30 |
| EOG Resources, Inc.  ..............................  | Stück | 2 729 | 2 276 |  | USD | 113,38 | 309 414,02 | 0,67 |
| Essential Utilities, Inc.  .............................  | Stück | 1 091 | 910 |  | USD | 45,51 | 49 651,41 | 0,11 |
| Estee Lauder Cos, Inc. .............................  | Stück | 1 091 | 910 |  | USD | 250,12 | 272 880,92 | 0,59 |
| Eversource Energy  ................................  | Stück | 423 | 353 |  | USD | 83,79 | 35 443,17 | 0,08 |
| Exxon Mobil Corp.  ................................  | Stück | 3 242 | 3 616 | 1 094 | USD | 86,4 | 280 108,80 | 0,61 |
| Fastenal Co.  .....................................  | Stück | 6 051 | 5 046 |  | USD | 49,32 | 298 435,32 | 0,64 |
| FMC Corp.  ......................................  | Stück | 1 119 | 933 |  | USD | 106,3 | 118 949,70 | 0,26 |
| General Mills, Inc.  ................................  | Stück | 4 003 | 3 338 |  | USD | 74,61 | 298 663,83 | 0,65 |
| General Motors Co.  ...............................  | Stück | 3 378 | 2 817 |  | USD | 31,6 | 106 744,80 | 0,23 |
| Goldman Sachs Group, Inc.  .........................  | Stück | 674 | 562 |  | USD | 293,41 | 197 758,34 | 0,43 |
| Halliburton Co.  ...................................  | Stück | 2 626 | 2 190 |  | USD | 32,23 | 84 635,98 | 0,18 |
| Hartford Financial Services Group, Inc.  ................  | Stück | 2 089 | 1 742 |  | USD | 63,81 | 133 299,09 | 0,29 |
| Hershey Co.  .....................................  | Stück | 808 | 674 |  | USD | 217,16 | 175 465,28 | 0,38 |
| Hewlett Packard Enterprise Co.  ......................  | Stück | 11 074 | 11 074 |  | USD | 13,12 | 145 290,88 | 0,31 |

| Home Depot, Inc. .................................  | Stück | 2 943 | 2 454 |  | USD | 270,06 | 794 786,58 | 1,72 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| HP, Inc. .........................................  | Stück | 5 877 | 4 901 |  | USD | 32,98 | 193 823,46 | 0,42 |
| IDEXX Laboratories, Inc.  ...........................  | Stück | 451 | 376 |  | USD | 347,7 | 156 812,70 | 0,34 |
| Illinois Tool Works, Inc. .............................  | Stück | 1 669 | 1 392 |  | USD | 178,61 | 298 100,09 | 0,64 |
| Intel Corp. .......................................  | Stück | 5 936 | 4 950 |  | USD | 36,84 | 218 682,24 | 0,47 |
| Intercontinental Exchange, Inc.  ......................  | Stück | 738 | 738 |  | USD | 94,47 | 69 718,86 | 0,15 |
| Interpublic Group of Cos, Inc.  .......................  | Stück | 7 829 | 6 529 |  | USD | 27,16 | 212 635,64 | 0,46 |
| Intuit, Inc. .......................................  | Stück | 1 483 | 1 237 |  | USD | 378,83 | 561 804,89 | 1,21 |
| Johnson & Johnson  ...............................  | Stück | 3 239 | 2 701 |  | USD | 176,37 | 571 262,43 | 1,23 |
| JPMorgan Chase & Co.  ............................  | Stück | 6 020 | 5 083 |  | USD | 111,27 | 669 845,40 | 1,45 |
| Kellogg Co. ......................................  | Stück | 1 883 | 1 570 |  | USD | 71,76 | 135 124,08 | 0,29 |
| Keysight Technologies, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . | Stück | 385 | 321 |  | USD | 136,88 | 52 698,80 | 0,11 |
| Kroger Co.  ......................................  | Stück | 3 608 | 3 009 |  | USD | 47,55 | 171 560,40 | 0,37 |
| Lam Research Corp. ...............................  | Stück | 199 | 166 |  | USD | 416,55 | 82 893,45 | 0,18 |
| Lear Corp. .......................................  | Stück | 528 | 440 |  | USD | 122,67 | 64 769,76 | 0,14 |
| Linde PLC  .......................................  | Stück | 693 | 578 |  | USD | 283,44 | 196 423,92 | 0,42 |
| Lowe‘s Cos, Inc.  .................................  | Stück | 1 657 | 1 382 |  | USD | 172,32 | 285 534,24 | 0,62 |
| Mastercard, Inc.  ..................................  | Stück | 1 125 | 938 |  | USD | 310,68 | 349 515,00 | 0,76 |
| McDonald‘s Corp.  ................................  | Stück | 2 021 | 1 722 |  | USD | 246,56 | 498 297,76 | 1,08 |
| McKesson Corp.  ..................................  | Stück | 377 | 377 |  | USD | 325,6 | 122 751,20 | 0,27 |
| Merck & Co, Inc.  .................................  | Stück | 6 738 | 5 619 |  | USD | 92,29 | 621 850,02 | 1,34 |
| Meta Platforms, Inc.  ..............................  | Stück | 3 120 | 2 602 |  | USD | 160,04 | 499 324,80 | 1,08 |
| MetLife, Inc. .....................................  | Stück | 5 806 | 4 842 |  | USD | 61,54 | 357 301,24 | 0,77 |
| Mettler-Toledo International, Inc. .....................  | Stück | 109 | 91 |  | USD | 1 132,99 | 123 495,91 | 0,27 |
| Microchip Technology, Inc. ..........................  | Stück | 2 161 | 2 161 |  | USD | 56,74 | 122 615,14 | 0,26 |
| Micron Technology, Inc.  ............................  | Stück | 951 | 793 |  | USD | 54,51 | 51 839,01 | 0,11 |
| Microsoft Corp.  ..................................  | Stück | 10 804 | 9 010 |  | USD | 255,12 | 2 756 316,48 | 5,96 |
| Morgan Stanley  ..................................  | Stück | 1 535 | 1 280 |  | USD | 74,93 | 115 017,55 | 0,25 |
| MSCI, Inc.  ......................................  | Stück | 429 | 358 |  | USD | 401,11 | 172 076,19 | 0,37 |
| NetApp, Inc. .....................................  | Stück | 1 601 | 1 335 |  | USD | 64,75 | 103 664,75 | 0,22 |
| Netflix, Inc. ......................................  | Stück | 578 | 482 |  | USD | 171,45 | 99 098,10 | 0,21 |
| NVIDIA Corp.  ....................................  | Stück | 5 563 | 4 639 |  | USD | 150,54 | 837 454,02 | 1,81 |
| Omnicom Group, Inc. ..............................  | Stück | 1 657 | 1 382 |  | USD | 62,65 | 103 811,05 | 0,22 |
| Oracle Corp.  .....................................  | Stück | 2 222 | 1 853 |  | USD | 68,66 | 152 562,52 | 0,33 |
| Otis Worldwide Corp.  ..............................  | Stück | 4 774 | 3 981 |  | USD | 69,33 | 330 981,42 | 0,72 |
| Owens Corning  ..................................  | Stück | 2 942 | 2 942 |  | USD | 73,71 | 216 854,82 | 0,47 |
| PayPal Holdings, Inc.  ..............................  | Stück | 1 439 | 1 200 |  | USD | 67,98 | 97 823,22 | 0,21 |
| PepsiCo, Inc.  ....................................  | Stück | 3 674 | 3 064 |  | USD | 167,02 | 613 631,48 | 1,33 |
| Pfizer, Inc. .......................................  | Stück | 4 786 | 4 786 |  | USD | 51,5 | 246 479,00 | 0,53 |
| Pool Corp. .......................................  | Stück | 348 | 290 |  | USD | 345,06 | 120 080,88 | 0,26 |
| Procter & Gamble Co.  .............................  | Stück | 4 342 | 3 621 |  | USD | 142,04 | 616 737,68 | 1,33 |
| QUALCOMM, Inc.  ................................  | Stück | 1 464 | 1 254 |  | USD | 126,16 | 184 698,24 | 0,40 |
| Quest Diagnostics, Inc.  ............................  | Stück | 1 259 | 1 050 |  | USD | 135,46 | 170 544,14 | 0,37 |
| Regeneron Pharmaceuticals, Inc. . . . . . . . . . . . . . . . . . . . . . | Stück | 333 | 278 |  | USD | 587,87 | 195 760,71 | 0,42 |
| Regions Financial Corp.  ............................  | Stück | 16 013 | 13 354 |  | USD | 18,365 | 294 078,75 | 0,64 |
| Royalty Pharma PLC ...............................  | Stück | 3 919 | 3 268 |  | USD | 41,6 | 163 030,40 | 0,35 |
| S&P Global, Inc.  ..................................  | Stück | 880 | 734 |  | USD | 332,96 | 293 004,80 | 0,63 |
| Salesforce, Inc. ...................................  | Stück | 584 | 487 |  | USD | 162,18 | 94 713,12 | 0,20 |
| Sealed Air Corp.  ..................................  | Stück | 8 118 | 6 770 |  | USD | 57,7 | 468 408,60 | 1,01 |
| ServiceNow, Inc.  .................................  | Stück | 246 | 205 |  | USD | 462,31 | 113 728,26 | 0,25 |
| Snap-on, Inc.  ....................................  | Stück | 252 | 210 |  | USD | 195,62 | 49 296,24 | 0,11 |
| Starbucks Corp.  ..................................  | Stück | 1 992 | 1 661 |  | USD | 75,335 | 150 067,32 | 0,32 |
| Steel Dynamics, Inc.  ..............................  | Stück | 4 662 | 3 888 |  | USD | 64,85 | 302 330,70 | 0,65 |
| SVB Financial Group ...............................  | Stück | 96 | 80 |  | USD | 376,98 | 36 190,08 | 0,08 |
| Synchrony Financial  ...............................  | Stück | 7 829 | 6 529 |  | USD | 27,35 | 214 123,15 | 0,46 |
| Target Corp. .....................................  | Stück | 1 162 | 969 |  | USD | 137,71 | 160 019,02 | 0,35 |
| Teradyne, Inc. ....................................  | Stück | 699 | 583 |  | USD | 88,61 | 61 938,39 | 0,13 |
| Tesla, Inc. .......................................  | Stück | 1 054 | 879 |  | USD | 675,9 | 712 398,60 | 1,54 |
| Texas Instruments, Inc.  ............................  | Stück | 2 639 | 2 201 |  | USD | 151,5 | 399 808,50 | 0,86 |
| Thermo Fisher Scientific, Inc.  .......................  | Stück | 258 | 215 |  | USD | 533,59 | 137 666,22 | 0,30 |
| TJX Cos, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | Stück | 2 518 | 2 100 |  | USD | 55,87 | 140 680,66 | 0,30 |
| Tractor Supply Co.  ................................  | Stück | 1 703 | 1 420 |  | USD | 193,45 | 329 445,35 | 0,71 |
| TransUnion ......................................  | Stück | 2 312 | 2 356 | 513 | USD | 78,27 | 180 960,24 | 0,39 |
| Union Pacific Corp. ................................  | Stück | 1 209 | 1 008 |  | USD | 210,23 | 254 168,07 | 0,55 |
| United Parcel Service, Inc. ..........................  | Stück | 1 958 | 1 633 |  | USD | 178,44 | 349 385,52 | 0,76 |
| UnitedHealth Group, Inc.  ...........................  | Stück | 1 939 | 1 617 |  | USD | 513 | 994 707,00 | 2,15 |
| US Bancorp  .....................................  | Stück | 3 782 | 3 154 |  | USD | 44,96 | 170 038,72 | 0,37 |
| Vail Resorts, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | Stück | 385 | 321 |  | USD | 216,41 | 83 317,85 | 0,18 |
| Veeva Systems, Inc. ...............................  | Stück | 404 | 337 |  | USD | 193,87 | 78 323,48 | 0,17 |
| VeriSign, Inc.  ....................................  | Stück | 354 | 295 |  | USD | 166,67 | 59 001,18 | 0,13 |
| Verizon Communications, Inc.  .......................  | Stück | 7 941 | 6 622 |  | USD | 50,69 | 402 529,29 | 0,87 |
| Vertex Pharmaceuticals, Inc.  ........................  | Stück | 1 741 | 1 452 |  | USD | 278,78 | 485 355,98 | 1,05 |
| ViacomCBS, Inc. ..................................  | Stück | 6 340 | 5 865 |  | USD | 24,39 | 154 632,60 | 0,33 |
| Visa, Inc. ........................................  | Stück | 1 619 | 1 350 |  | USD | 193,63 | 313 486,97 | 0,68 |
| Whirlpool Corp.  ..................................  | Stück | 883 | 883 |  | USD | 152,22 | 134 410,26 | 0,29 |
| WW Grainger, Inc.  ................................  | Stück | 932 | 777 |  | USD | 450,78 | 420 126,96 | 0,91 |
| Yum! Brands, Inc. .................................  | Stück | 1 414 | 1 179 |  | USD | 112,69 | 159 343,66 | 0,34 |
| Zebra Technologies Corp. ...........................  | Stück | 115 | 96 |  | USD | 290,95 | 33 459,25 | 0,07 |
| Summe Wertpapiervermögen |  |  |  |  |  |  | 44 474 350,77 | 96,10 |

|  | Stück bzw. | Nominalbetrag | Käufe/ | Verkäufe/ | Währung | Kurs | Kurswert | %-Anteil am |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Wertpapierbezeichnung | Anteile bzw. | bzw. | Zugänge | Abgänge |  |  | in | Fonds- |
| Währung	Bestand	im Berichtszeitraum	USD	vermögen |

Derivate
(Bei den mit Minus gekennzeichneten Beständen handelt es sich um verkaufte Positionen)
| Aktienindex-Derivate Forderungen/Verbindlichkeiten |  |  |  | -67 392,50 | -0,15 |
| --- | --- | --- | --- | --- | --- |
| Aktienindex-Terminkontrakte S & P MINI 500 Futures 09/2022 (DB) ..................  | Stück | 9 | 9 | -67 392,50 | -0,15 |
| Bankguthaben |  |  |  | 1 836 940,15 | 3,97 |
| Verwahrstelle (täglich fällig) EUR-Guthaben ....................................  | EUR | 361 |  | 375,72 | 0,00 |
| Guthaben in Nicht-EU/EWR-Währungen |  |  |  |  |  |
| US-Dollar ........................................  | USD |  |  | 1 836 564,43 | 3,97 |
| Sonstige Vermögensgegenstände |  |  |  | 61 460,41 | 0,13 |
| Dividenden- / Ausschüttungsansprüche..................  |  |  |  | 22 642,67 | 0,05 |
| Forderungen aus der Überschreitung des „Expense Cap“ ...  |  |  |  | 38 388,80 | 0,08 |
| Sonstige Ansprüche. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |  |  |  | 428,94 | 0,00 |
| Summe der Vermögensgegenstände * |  |  |  | 46 372 751,33 | 100,20 |
| Sonstige Verbindlichkeiten |  |  |  | -26 713,89 | -0,05 |
| Verbindlichkeiten aus Kostenpositionen .................  |  |  |  | -26 713,89 | -0,05 |
| Summe der Verbindlichkeiten |  |  |  | -94 106,39 | -0,20 |
| Fondsvermögen |  |  |  | 46 278 644,94 | 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 USD IC ....................................  | USD | 135,57 |
| Klasse USD RC ....................................  | USD | 133,93 |
| Umlaufende Anteile Klasse USD IC ....................................  | Stück | 341 256,000 |
| Klasse USD RC ....................................  | Stück | 111,000 |

Zusammensetzung des Referenzportfolios (gem. CSSF-Rundschreiben 11/512) MSCI Developed - US Net TR Index
Potenzieller Risikobetrag für das Marktrisiko (gem. CSSF-Rundschreiben 11/512)
| kleinster potenzieller Risikobetrag .....................  | % | 91,144 |
| --- | --- | --- |
| größter potenzieller Risikobetrag ......................  | % | 102,776 |
| durchschnittlicher potenzieller Risikobetrag ..............  | % | 98,969 |

Die Risikokennzahlen wurden für den Zeitraum vom 1.1.2022 bis 30.6.2022 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 zugrunde liegende 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 USD 1 703 423,18.
 Marktschlüssel	 Terminbörsen
DB = Deutsche Bank AG Frankfurt
 Devisenkurse (in Mengennotiz)	
per 30.6.2022 Euro .......................... EUR	0,960108	= USD	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.
 Fußnote	
* Beinhaltet, sofern vorhanden, keine Positionen mit negativem Bestand.