# SciBeta HFE Japan Equity 6F EW UCITS ETF
Investment manager’s report for the financial year ended 31 July 2021
The Sub-Fund’s investment objective is to seek medium to long term capital appreciation by providing Shareholders with a return equivalent to the performance of the Scientific Beta Japan HFI Multi-Beta Multi-Strategy Six Factor EW Market Beta Adjusted (Leverage) (Six-Factor) Index Net Return denominated in EUR (the “Index”) before all fees and expenses charged to, or incurred by, the Sub-Fund.
The Scientific Beta Japan HFI Multi-Beta Multi-Strategy Six Factor EW Market Beta Adjusted (Leverage) (Six-Factor) Index Net Return is an index designed to have allocation to a portfolio of equities and equity related securities that are listed or traded on any stock exchange that is located in Japan through equally-weighted allocations to 6 sub-indices. Each sub-index will reflect one of the six following investment styles: Value, Momentum, Low Volatility, Size, Profitability and Investment.
From Inception to 19 April 2018, the Sub-fund was exposed to Scientific Beta Japan HFE Multi-Beta Strategy Equal Weight (Six-Factor) Index and thereafter to Scientific Beta Japan HFI Multi-Beta Multi-Strategy Six Factor EW Market Beta Adjusted (Leverage) (Six-Factor) Index.
From 7 December 2017 (its inception) to 19 April 2018 (change of the underlying Index), the performance of the Sub-Fund
is -0.44%, compared to -0.30% for the Scientific Beta Japan HFE Multi-Beta Strategy Equal Weight (Six-Factor) Index.
From 19 April 2018 (change of the underlying Index) to 31 July 2021, the performance of the Sub-Fund is 2.67%, compared to 4.49% for the Index.
From 31 July 2020 to 31 July 2021, the performance of the Sub-Fund is 23.51%, compared to 24.18% for the Index.
From 19 April 2018 (change of the underlying Index) to 31 July 2021, the Sub-Fund has an annualised volatility of 19.29% compared to 19.28% for the Index.
In terms of tracking error (annualised standard deviation of the difference in performance between the return of the Sub- Fund and its benchmark) the Sub-Fund has achieved a low tracking error at 0.04% versus the Index.
SciBeta HFE Japan Equity 6F EW UCITS ETF Schedule of Investments as at 31 July 2021
| Holdings | Financial assets at fair value through profit or loss | Fair value € |  | % of net assets |
| --- | --- | --- | --- | --- |
|  | Equities: 89.80% (2020: 102.66%) |  |  |  |
|  | Austria: 0.00% (2020: 2.42%) | – |  | – |
|  | Financial: 0.00% (2020: 2.42%) | – |  | – |
|  | Denmark: 7.45% (2020: 12.46%) |  |  |  |
|  | Consumer, non-cyclical: 3.59% (2020: 2.32%) |  |  |  |
| 54 | Carlsberg | 9,873 |  | 3.59 |
|  | Financial: 0.00% (2020: 7.71%) | – |  | – |
|  | Industrial: 3.86% (2020: 2.43%) |  |  |  |
| 4 | AP Moller - Maersk | 9,018 |  | 3.28 |
| 3 | Rockwool International Class A | 1,168 |  | 0.42 |
| 1 | Rockwool International Class B | 447 |  | 0.16 |
|  | Total Denmark | 	20,506 |  | 	7.45 |
|  | Georgia: 0.05% (2020: 0.00%) |  |  |  |
|  | Energy: 0.05% (2020: 0.00%) |  |  |  |
| 49 | BW Energy | 125 |  | 0.05 |
|  | Total Georgia | 	125 |  | 	0.05 |
|  | Germany: 4.74% (2020: 20.99%) |  |  |  |
|  | Consumer, cyclical: 0.11% (2020: 4.23%) |  |  |  |
| 1 | adidas | 306 |  | 0.11 |
|  | Consumer, non-cyclical: 4.06% (2020: 0.00%) |  |  |  |
| 22 | Hypoport | 11,176 |  | 4.06 |
|  | Financial: 0.00% (2020: 6.39%) | – |  | – |
|  | Industrial: 0.57% (2020: 3.72%) |  |  |  |
| 3 | Sartorius | 1,572 |  | 0.57 |
|  | Technology: 0.00% (2020: 6.63%) | – |  | – |
|  | Utilities: 0.00% (2020: 0.02%) | – |  | – |
|  | Total Germany | 	13,054 |  | 	4.74 |
|  | Iceland: 0.00% (2020: 4.29%) | – |  | – |
|  | Financial: 0.00% (2020: 4.29%) | – |  | – |
|  | Malta: 0.12% (2020: 0.00%) |  |  |  |
|  | Technology: 0.12% (2020: 0.00%) |  |  |  |
| 58 | Media and Games Invest | 329 |  | 0.12 |
|  | Total Malta | 	329 |  | 	0.12 |

SciBeta HFE Japan Equity 6F EW UCITS ETF
Schedule of Investments as at 31 July 2021 (continued)
| Holdings | Financial assets at fair value through profit or loss | Fair value € |  | % of net assets |
| --- | --- | --- | --- | --- |
|  | Equities: 89.80% (2020: 102.66%) (continued) |  |  |  |
|  | Netherlands: 11.14% (2020: 9.73%) |  |  |  |
|  | Communications: 0.00% (2020: 5.27%) | – |  | – |
|  | Consumer, cyclical: 4.32% (2020: 0.00%) |  |  |  |
| 285 | Accell | 11,898 |  | 4.32 |
|  | Consumer, non-cyclical: 3.32% (2020: 0.00%) |  |  |  |
| 4 | Adyen | 9,152 |  | 3.32 |
|  | Technology: 3.50% (2020: 4.46%) |  |  |  |
| 1,360 | TomTom | 9,629 |  | 3.50 |
|  | Total Netherlands | 	30,679 |  | 	11.14 |
|  | Norway: 3.96% (2020: 2.07%) |  |  |  |
|  | Communications: 0.04% (2020: 0.00%) |  |  |  |
| 17 | Pexip | 118 |  | 0.04 |
|  | Energy: 3.92% (2020: 0.00%) |  |  |  |
| 5,782 | Aker Carbon Capture | 10,779 |  | 3.92 |
|  | Financial: 0.00% (2020: 2.07%) | – |  | – |
|  | Total Norway | 	10,897 |  | 	3.96 |
|  | Sweden: 6.80% (2020: 31.09%) |  |  |  |
|  | Basic materials: 0.00% (2020: 2.46%) | – |  | – |
|  | Consumer, cyclical: 2.91% (2020: 4.89%) |  |  |  |
| 926 | Clas Ohlson | 8,019 |  | 2.91 |
|  | Consumer, non-cyclical: 0.15% (2020: 7.22%) |  |  |  |
| 15 | Surgical Science Sweden | 403 |  | 0.15 |
|  | Financial: 0.00% (2020: 7.46%) | – |  | – |
|  | Industrial: 3.74% (2020: 3.66%) |  |  |  |
| 870 | Husqvarna | 10,301 |  | 3.74 |
|  | Technology: 0.00% (2020: 5.40%) | – |  | – |
|  | Total Sweden | 	18,723 |  | 	6.80 |
|  | Switzerland: 50.86% (2020: 19.61%) |  |  |  |
|  | Basic materials: 9.85% (2020: 0.00%) |  |  |  |
| 2 | EMS-Chemie | 1,869 |  | 0.68 |
| 6 | Givaudan | 25,246 |  | 9.17 |
|  | Consumer, cyclical: 0.00% (2020: 2.54%) | – |  | – |
|  | Consumer, non-cyclical: 1.98% (2020: 2.28%) |  |  |  |
| 2 | SGS | 5,458 |  | 1.98 |

SciBeta HFE Japan Equity 6F EW UCITS ETF
Schedule of Investments as at 31 July 2021 (continued)
| Holdings | Financial assets at fair value through profit or loss |  | Fair value € |  | % of net assets |
| --- | --- | --- | --- | --- | --- |
|  | Equities: 89.80% (2020: 102.66%) (continued) |  |  |  |  |
|  | Switzerland: 50.86% (2020: 19.61%) (continued) |  |  |  |  |
|  | Energy: 3.72% (2020: 0.00%) |  |  |  |  |
| 23,529 | Meyer Burger Technology |  | 10,246 |  | 3.72 |
|  | Financial: 24.66% (2020: 14.79%) |  |  |  |  |
| 12 | Basellandschaftliche Kantonalbank |  | 10,206 |  | 3.71 |
| 7 | Graubuendner Kantonalbank |  | 9,673 |  | 3.51 |
| 51 | Plazza |  | 15,803 |  | 5.74 |
| 2 | Schweizerische Nationalbank |  | 9,826 |  | 3.57 |
| 3 | Warteck Invest |  | 6,867 |  | 2.49 |
| 5 | Zug Estates |  | 9,049 |  | 3.28 |
| 1 | Zuger Kantonalbank |  | 6,495 |  | 2.36 |
|  | Industrial: 10.65% (2020: 0.00%) |  |  |  |  |
| 8 | Conzzeta |  | 9,275 |  | 3.37 |
| 6 | Forbo |  | 10,820 |  | 3.93 |
| 7 | Schweiter Technologies |  | 9,236 |  | 3.35 |
|  | Total Switzerland |  | 140,069 |  | 50.86 |
|  | United States: 4.68% (2020: 0.00%) |  |  |  |  |
|  | Energy: 4.68% (2020: 0.00%) |  |  |  |  |
| 544 | California Resources |  | 12,896 |  | 4.68 |
|  | Total United States |  | 12,896 |  | 4.68 |
|  |  |  |  |  |  |
|  | Total equities |  | 247,278 |  | 89.80 |
|  | Financial derivative instruments: 0.00% (2020: 2.28%) |  |  |  |  |
|  | Total return swaps - unrealised gains: 0.00% (2020: 2.28%) |  |  |  |  |
|  | Total financial assets at fair value through profit or loss |  | 247,278 |  | 89.80 |
|  | Financial liabilities at fair value through profit or loss |  |  |  |  |
|  | Financial derivative instruments: (3.04%) (2020: (12.01%)) |  |  |  |  |
| Counterparty | Total return swaps - unrealised losses: (3.04%) (2020: (12.01%)) | Notional € | Unrealised loss € |  | % of net assets |
|  | Morgan Stanley Swap |  |  |  |  |
| Morgan Stanley | SciBeta HFE Japan Equity 6F EW UCITS ETF Reference Portfolio Leg |  |  |  |  |
|  | (247,277) | (7,296) |  | (2.65) |
| Morgan Stanley | SciBeta HFE Japan Equity Index 6F EW UCITS ETF Financing Leg |  |  |  |  |
|  | 275,479 | (1,073) |  | (0.39) |
|  | Total total return swaps - unrealised losses |  | (8,369) |  | (3.04) |
|  |  |  |  |  |  |
|  | Total financial derivative instruments |  | (8,369) |  | (3.04) |
|  |  |  |  |  |  |
|  | Total financial liabilities at fair value through profit or loss |  | (8,369) |  | (3.04) |

SciBeta HFE Japan Equity 6F EW UCITS ETF
Schedule of Investments as at 31 July 2021 (continued)
|  | Fair value € |  | % of net assets |
| --- | --- | --- | --- |
| Total value of investments |  |  |  |
| (Cost: € 184,021) | 238,909 |  | 86.76 |
| Due from broker | 11,082 |  | 4.02 |
| Other net assets | 25,390 |  | 9.22 |
| Net assets attributable to holders of redeemable participating shares | 	275,381 |  | 	100.00 |

| Analysis of portfolio | Fair value € | % of total assets |
| --- | --- | --- |
| Transferable securities admitted to official stock exchange listing or dealt in/on another regulated market | 247,278 | 83.23 |
| Due from broker | 11,082 | 3.73 |
| Other assets | 	38,731 | 	13.04 |
| Total assets | 	297,091 | 	100.00 |

SciBeta HFE Japan Equity 6F EW UCITS ETF
Schedule of significant portfolio movements for the financial year ended 31 July 2021
| Total purchases in the year |  | € 2,503,976 |
| --- | --- | --- |
| Material purchases | Nominal holdings | Cost € |
| Zug Estates | 72 | 125,895 |
| Givaudan | 25 | 91,325 |
| Mensch und Maschine Software | 1,641 | 89,167 |
| Graubuendner Kantonalbank | 68 | 88,739 |
| Altice Europe | 16,772 | 78,912 |
| Zuger Kantonalbank | 13 | 74,224 |
| Meyer Burger Technology | 169,441 | 71,383 |
| TomTom | 9,746 | 71,362 |
| Alm Brand | 10,246 | 64,943 |
| Carlsberg | 440 | 61,495 |
| Kobenhavns Lufthavne A/S | 166 | 60,447 |
| ABG Sundal Collier | 70,534 | 60,298 |
| Sagax | 18,280 | 60,070 |
| AT&S Austria Technologie & Systemtechnik | 2,257 | 58,682 |
| MLP | 10,172 | 54,522 |
| Knaus Tabbert | 800 | 53,840 |
| Biotest | 1,828 | 51,550 |
| Deutz | 10,340 | 50,123 |
| Conzzeta | 42 | 46,633 |
| Norwegian Property | 63,978 | 44,899 |
| Warteck Invest | 20 | 42,626 |
| Hypoport | 82 | 40,943 |
| Deutsche Pfandbriefbank | 6,294 | 40,858 |
| Basellandschaftliche Kantonalbank | 49 | 40,458 |
| Chocoladefabriken Lindt & Spruengli | 5 | 38,891 |
| California Resources | 1,994 | 38,820 |
| Forbo | 24 | 38,545 |
| Schweiter Technologies | 29 | 38,527 |
| Bank of America | 1,568 | 38,259 |
| Erste Group | 1,632 | 37,226 |
| Suedzucker | 2,411 | 33,253 |
| Accell | 765 | 32,576 |
| Gurit | 13 | 31,582 |
| AP Moller - Maersk | 19 | 31,559 |
| Aker Carbon Capture | 27,417 | 31,206 |
| Metall Zug | 17 | 30,880 |
| Siegfried | 40 | 30,850 |
| Lotto24 | 79 | 30,810 |
| Lem | 18 | 30,244 |
| Clas Ohlson | 7,516 | 30,141 |
| ALSO | 146 | 30,123 |
| Emmi | 38 | 29,686 |
| Plazza | 102 | 29,549 |
| Borussia Dortmund GmbH | 4,796 | 27,625 |
| Adyen | 13 | 26,880 |
| Nordic Semiconductor | 5,160 | 26,451 |
| Bilfinger | 1,607 | 26,194 |
| Lonza | 51 | 25,939 |

The statement of material purchases reflect the aggregate purchases of a security exceeding one per cent of the total value of purchases for the financial year. If there were fewer than twenty positions exceeding one per cent, the top twenty positions

Translation (ENDE, 2021-07-31):
# SciBeta HFE Japan Equity 6F EW UCITS ETF
Bericht des Anlageverwalters für das Geschäftsjahr zum 31. Juli 2021
Das Anlageziel des Fonds besteht in einem mittel- bis langfristigen Kapitalzuwachs durch eine Anlegerrendite, die der Performance des Scientific Beta Japan HFI Multi-Beta Multi-Strategy Six Factor EW Market Beta Adjusted (Leverage) (Six-Factor) Index Net Return in EUR (der „Index“) vor allen Gebühren und Ausgaben entspricht, die dem Teilfonds entstehen.
Der Scientific Beta Japan HFI Multi-Beta Multi-Strategy Six Factor EW Market Beta Adjusted (Leverage) (Six-Factor) Index Net Return ist ein Index, der eine Allokation in einem Portfolio von Aktien und aktienähnlichen Wertpapieren aufweisen soll, die an einer Börse in Japan notiert sind oder gehandelt werden. Dies erfolgt durch gleichgewichtete Allokationen in sechs Subindizes. Jeder Subindex entspricht einem der folgenden sechs Anlagestile: Value (Wert), Momentum (Dynamik), Low Volatility (geringe Volatilität), Size (Größe), Profitability (Rentabilität) und Investment (Anlage).
Von der Auflegung bis zum 19. April 2018 war der Teilfonds im Scientific Beta Japan HFE Multi-Beta Multi Strategy Equal Weight (Six Factor) Index und danach im Scientific Beta Japan HFI Multi-Beta Multi-Strategy (Six-Factor) EW Market Beta Adjusted (Leverage) (Six-Factor) Index engagiert.
Vom 7. Dezember 2017 (Auflegung) bis zum 19. April 2018 (Änderung des zugrunde liegenden Index) betrug die Performance des Teilfonds -0,44 %, verglichen mit -0,30 % für den Scientific Beta Japan HFE Multi-Beta Strategy Equal Weight (Six Factor) Index.
Vom 19. April 2018 (Änderung des zugrunde liegenden Index) bis zum 31. Juli 2021 betrug die Performance des Teilfonds 2,67 %, verglichen mit 4,49 % für den Index.
Vom 31. Juli 2020 bis zum 31. Juli 2021 belief sich die Wertentwicklung des Teilfonds auf 23,51 %, verglichen mit 24,18 % für den Index.
Vom 19. April 2018 (Änderung des zugrunde liegenden Index) bis zum 31. Juli 2021 betrug die annualisierte Volatilität des Teilfonds 19,29 %, verglichen mit 19,28 % für den Index.
Bezüglich des Tracking Error (annualisierte Standardabweichung des Unterschieds in der Wertentwicklung zwischen der Teilfondsrendite und der Wertentwicklung der Benchmark) hat der Teilfonds gegenüber dem Index einen geringen Tracking Error von lediglich 0,04 % erzielt.
SciBeta HFE Japan Equity 6F EW UCITS ETF Anlagenverzeichnis zum 31. Juli 2021
|  |  | Beizulegender |  | % des |
| --- | --- | --- | --- | --- |
| Erfolgswirksam zum beizulegenden Zeitwert bewertete finanzielle | Zeitwert |  | Nettover- |
| Anlagen | Vermögenswerte | EUR |  | mögens |
|  | Aktien: 89,80 % (2020: 102,66 %) |  |  |  |
|  | Österreich: 0,00 % (2020: 2,42 %) | – |  | – |
|  | Finanzen: 0,00 % (2020: 2,42 %) | – |  | – |
|  | Dänemark: 7,45 % (2020: 12,46 %) |  |  |  |
|  | Basiskonsumgüter: 3,59 % (2020: 2,32 %) |  |  |  |
| 54 | Carlsberg | 9.873 |  | 3,59 |
|  | Finanzen: 0,00 % (2020: 7,71 %) | – |  | – |
|  | Industrie: 3,86 % (2020: 2,43 %) |  |  |  |
| 4 | AP Moeller - Maersk | 9.018 |  | 3,28 |
| 3 | Rockwool International Klasse A | 1.168 |  | 0,42 |
| 1 | Rockwool International Klasse B | 447 |  | 0,16 |
|  | Dänemark gesamt | 	20.506 |  | 	7,45 |
|  | Georgien: 0,05 % (2020: 0,00 %) |  |  |  |
|  | Energie: 0,05 % (2020: 0,00 %) |  |  |  |
| 49 | BW Energy | 125 |  | 0,05 |
|  | Summe Georgien | 	125 |  | 	0,05 |
|  | Deutschland: 4,74 % (2020: 20,99 %) |  |  |  |
|  | Nicht-Basiskonsumgüter: 0,11 % (2020: 4,23 %) |  |  |  |
| 1 | adidas | 306 |  | 0,11 |
|  | Basiskonsumgüter: 4,06 % (2020: 0,00 %) |  |  |  |
| 22 | Hypoport | 11.176 |  | 4,06 |
|  | Finanzen: 0,00 % (2020: 6,39 %) | – |  | – |
|  | Industrie: 0,57 % (2020: 3,72 %) |  |  |  |
| 3 | Sartorius | 1.572 |  | 0,57 |
|  | Technologie: 0,00 % (2020: 6,63 %) | – |  | – |
|  | Versorger: 0,00 % (2020: 0,02 %) | – |  | – |
|  | Deutschland gesamt | 	13.054 |  | 	4,74 |
|  | Island: 0,00 % (2020: 4,29 %) | – |  | – |
|  | Finanzen: 0,00 % (2020: 4,29 %) | – |  | – |
|  | Malta: 0,12 % (2020: 0,00 %) |  |  |  |
|  | Technologie: 0,12 % (2020: 0,00 %) |  |  |  |
| 58 | Media and Games Invest | 329 |  | 0,12 |
|  | Malta gesamt | 	329 |  | 	0,12 |

SciBeta HFE Japan Equity 6F EW UCITS ETF Anlagenverzeichnis zum 31. Juli 2021 (Fortsetzung)
| Positionen | Erfolgswirksam zum beizulegenden Zeitwert bewertete finanzielle Vermögenswerte | Beizulegender Zeitwert EUR |  | % des Nettover- mögens |
| --- | --- | --- | --- | --- |
|  | Aktien: 89,80 % (2020: 102,66 %) (Fortsetzung) |  |  |  |
|  | Niederlande: 11,14 % (2020: 9,73 %) |  |  |  |
|  | Kommunikation: 0,00 % (2020: 5,27 %) | – |  | – |
|  | Nicht-Basiskonsumgüter: 4,32 % (2020: 0,00 %) |  |  |  |
| 285 | Accell | 11.898 |  | 4,32 |
|  | Basiskonsumgüter: 3,32 % (2020: 0,00 %) |  |  |  |
| 4 | Adyen | 9.152 |  | 3,32 |
|  | Technologie: 3,50 % (2020: 4,46 %) |  |  |  |
| 1.360 | TomTom | 9.629 |  | 3,50 |
|  | Niederlande gesamt | 	30.679 |  | 	11,14 |
|  | Norwegen: 3,96 % (2020: 2,07 %) |  |  |  |
|  | Kommunikation: 0,04 % (2020: 0,00 %) |  |  |  |
| 17 | Pexip | 118 |  | 0,04 |
|  | Energie: 3,92 % (2020: 0,00 %) |  |  |  |
| 5.782 | Aker Carbon Capture | 10.779 |  | 3,92 |
|  | Finanzen: 0,00 % (2020: 2,07 %) | – |  | – |
|  | Norwegen gesamt | 	10.897 |  | 	3,96 |
|  | Schweden: 6,80 % (2020: 31,09 %) |  |  |  |
|  | Grundstoffe: 0,00 % (2020: 2,46 %) | – |  | – |
|  | Nicht-Basiskonsumgüter: 2,91 % (2020: 4,89 %) |  |  |  |
| 926 | Clas Ohlson | 8.019 |  | 2,91 |
|  | Basiskonsumgüter: 0,15 % (2020: 7,22 %) |  |  |  |
| 15 | Surgical Science Sweden | 403 |  | 0,15 |
|  | Finanzen: 0,00 % (2020: 7,46 %) | – |  | – |
|  | Industrie: 3,74 % (2020: 3,66 %) |  |  |  |
| 870 | Husqvarna | 10.301 |  | 3,74 |
|  | Technologie: 0,00 % (2020: 5,40 %) | – |  | – |
|  | Schweden gesamt | 	18.723 |  | 	6,80 |
|  | Schweiz: 50,86 % (2020: 19,61 %) |  |  |  |
|  | Grundstoffe: 9,85 % (2020: 0,00 %) |  |  |  |
| 2 | EMS-Chemie | 1.869 |  | 0,68 |
| 6 | Givaudan | 25.246 |  | 9,17 |
|  | Nicht-Basiskonsumgüter: 0,00 % (2020: 2,54 %) | – |  | – |
|  | Basiskonsumgüter: 1,98 % (2020: 2,28 %) |  |  |  |
| 2 | SGS | 5.458 |  | 1,98 |

SciBeta HFE Japan Equity 6F EW UCITS ETF Anlagenverzeichnis zum 31. Juli 2021 (Fortsetzung)
| Positionen | Beizulegender Erfolgswirksam zum beizulegenden Zeitwert bewertete finanzielle	Zeitwert Vermögenswerte		EUR |  | % des Nettover- mögens |
| --- | --- | --- | --- |
|  | Aktien: 89,80 % (2020: 102,66 %) (Fortsetzung) |  |  |
|  | Schweiz: 50,86 % (2020: 19,61 %) (Fortsetzung) |  |  |
|  | Energie: 3,72 % (2020: 0,00 %) |  |  |
| 23.529 | Meyer Burger Technology10.246 |  | 3,72 |
|  | Finanzen: 24,66 % (2020: 14,79 %) |  |  |
| 12 | Basellandschaftliche Kantonalbank10.206 |  | 3,71 |
| 7 | Graubuendner Kantonalbank9.673 |  | 3,51 |
| 51 | Plazza15.803 |  | 5,74 |
| 2 | Schweizerische Nationalbank9.826 |  | 3,57 |
| 3 | Warteck Um zu investieren6.867 |  | 2,49 |
| 5 | Zug Estates9.049 |  | 3,28 |
| 1 | Zuger Kantonalbank6.495 |  | 2,36 |
|  | Industrie: 10,65 % (2020: 0,00 %) |  |  |
| 8 | Conzzeta9.275 |  | 3,37 |
| 6 | Forbo10.820 |  | 3,93 |
| 7 | Schweiter Technologien9.236 |  | 3,35 |
|  | Schweiz gesamt		140.069 |  | 	50,86 |
|  | USA: 4,68 % (2020: 0,00 %) |  |  |
|  | Energie: 4,68 % (2020: 0,00 %) |  |  |
| 544 | California Resources12.896 |  | 4,68 |
|  | USA gesamt		12.896 |  | 	4,68 |
|  | Summe Aktien		247.278 |  | 	89,80 |
|  | Derivative Finanzinstrumente: 0,00 % (2020: 2,28 %) |  |  |
|  | Total Return Swaps - nicht realisierte Gewinne: 0,00 % (2020: 2,28 %) |  |  |
|  | Erfolgswirksam zum beizulegenden Zeitwert bewertete finanzielle |  |  |
|  | Vermögenswerte gesamt		247.278 |  | 	89,80 |
|  | Erfolgswirksam zum beizulegenden Zeitwert bewertete finanzielle |  |  |
|  | Verbindlichkeiten |  |  |
|  | Derivative Finanzinstrumente: (3,04 %) (2020: (12,01 %)) |  |  |
|  | Nicht |  | % des |
|  | Total Return Swaps - nicht realisierte Verluste: (3,04 %)	Nennwert	realisierter |  | Nettover- |
| Kontrahent | (2020: (12,01 %))	EUR	Verlust EUR |  | mögens |
|  | Morgan Stanley Swap |  |  |  |  |
| Morgan Stanley | SciBeta HFE Japan Equity 6F EW UCITS ETF Reference |  |  |  |  |
| Morgan Stanley | Portfolio Leg SciBeta HFE Japan Equity Index 6F EW UCITS ETF | (247.277) | (7.296) |  | (2,65) |
|  | Financing Leg | 275.479 | (1.073) |  | (0,39) |
|  | Summe Total Return Swaps - nicht realisierte Verluste |  | 	(8.369) |  | 	(3,04) |
|  | Summe derivative Finanzinstrumente |  | 	(8.369) |  | 	(3,04) |

Erfolgswirksam zum beizulegenden Zeitwert bewertete finanzielle
Verbindlichkeiten gesamt		(8.369)	(3,04)
| SciBeta HFE Japan Equity 6F EW UCITS ETF Anlagenverzeichnis zum 31. Juli 2021 (Fortsetzung) |  |
| --- | --- |
|  | Beizulegender |  | % des |
|  | Zeitwert |  | Nettover- |
|  | EUR |  | mögens |
| Gesamtwert der Anlagen (Kosten: 184.021 EUR) | 238.909 |  | 86,76 |
| Forderungen an Broker | 11.082 |  | 4,02 |
| Sonstiges Nettovermögen | 25.390 |  | 9,22 |
| Den Inhabern rückzahlbarer, gewinnberechtigter Anteile |  |  |  |
| zuzurechnendes Nettovermögen | 	275.381 |  | 	100,00 |
|  | Beizulegender |  | % des |
|  | Zeitwert |  | Nettover- |
| Portfolioanalyse | EUR |  | mögens |
| Übertragbare Wertpapiere, die an einer Wertpapierbörse amtlich notiert |  |  |  |
| sind oder an einem anderen geregelten Markt gehandelt werden | 247.278 |  | 83,23 |
| Forderungen an Broker | 11.082 |  | 3,73 |
| Sonstige Vermögenswerte | 	38.731 |  | 	13,04 |
| Vermögenswerte gesamt | 	297.091 |  | 	100,00 |