# Combined Financial Statements of the Company
| Statement of Operations |  |  | Statement of Net Assets |  |
| --- | --- | --- | --- | --- |
| for the period from 01/10/2019 to 30/09/2020 | COMBINED |  | as at 30/09/2020 | COMBINED |
|  | EUR |  |  | EUR |
| Interest on |  |  | Securities and money-market instruments |  |
| - bonds | 80,681,271.16 |  | (Cost Price EUR 4,946,047,329.59) | 5,013,097,626.96 |
| - swap transactions | 916,061.08 |  | Cash at banks | 314,259,928.95 |
| Interest on credit balances |  |  | Interest receivable on |  |
| - positive interest rate | 1,299,279.18 |  | - bonds | 38,243,808.82 |
| - negative interest rate | -1,759,022.45 |  | - swap transactions | 278,098.50 |
| Dividend Income | 2,357,335.97 |  | Dividend receivable | 385,815.86 |
| Income from |  |  | Receivable on |  |
| - securities lending | 1,067,839.55 |  | - subscriptions of fund shares | 29,190,971.08 |
| Other income | 23,612.11 |  | - securities lending | 169,056.23 |
| Total income | 84,586,376.60 |  | - securities transactions | 29,781,578.03 |

| Interest paid on |  |
| --- | --- |
| - swap transactions | -2,334,599.97 |
| - securities lending | -320,351.84 |
| Taxe d’Abonnement | -1,554,439.09 |
| All-in-fee | -55,210,671.20 |
| Other expenses | -1,874.04 |
| Total expenses | -59,421,936.14 |
| Net income/loss Realised gain/loss on | 25,164,440.46 |
| - securities transactions | -42,610,220.79 |
| - financial futures transactions | -120,820,566.06 |
| - forward foreign exchange transactions | 84,131.26 |
| - foreign exchange | -13,394,775.84 |
| - swap transactions | 1,914,316.83 |
| Net realised gain/loss | -149,662,674.14 |
| Changes in unrealised appreciation/depreciation on |  |

| Unrealized gain on |  |
| --- | --- |
| - futures transactions | 7,840,804.97 |
| - swap transactions | 38,102,536.25 |
| - forward foreign exchange transactions | 974.14 |
| Total Assets | 5,471,351,199.79 |
| Liabilities to banks | -2,936,536.87 |
| Interest liabilities on swap transactions | -363,079.86 |
| Payable on |  |
| - redemptions of fund shares | -62,518,467.43 |
| - securities transactions | -663,463.98 |
| Other payables | -5,024,154.76 |
| Unrealised loss on |  |
| - futures transactions | -20,316,579.63 |
| - swap transactions | -38,550,433.70 |
| - forward foreign exchange transactions | -49.14 |
| Total Liabilities | -130,372,765.37 |

- securities transactions	-54,412,931.44
- financial futures transactions	-7,201,267.89
- forward foreign exchange transactions	925.00
- foreign exchange	-45,555.81
- swap transactions	-5,950,282.2Result of operations	-217,271,786.48Net assets	5,340,978,434.42The Financial Statements of the Subfunds presented on pages 20 to 55 combine to form the Company’s Financial Statements, which are shown above. The accompanying notes form an integral part of these financial statements.

| Statement of Changes in Net Assets for the period from 01/10/2019 to 30/09/2020 | COMBINED |
| --- | --- |
|  | EUR |
| Net assets at the beginning of the period | 4,866,112,246.83 |
| Subscriptions | 2,844,233,185.49 |
| Redemptions | -2,151,206,784.50 |
| Distribution | -888,426.92 |
| Result of operations | -217,271,786.48 |
| Net assets at the end of the period | 5,340,978,434.42 |

Translation (ENDE, 2020-09-30):
# Konsolidierte Finanzaufstellungen der Gesellschaft
| Ertrags- und Aufwandsrechnung |  |  | Zusammensetzung des Fondsvermögens |  |
| --- | --- | --- | --- | --- |
| für den Zeitraum vom 01.10.2019 bis zum 30.09.2020 | COMBINED |  | zum 30.09.2020 | COMBINED |
|  | EUR |  |  | EUR |
| Zinsen aus |  |  | Wertpapiere und Geldmarktinstrumente |  |
| - Anleihen | 80.681.271,16 |  | (Anschaffungspreis EUR 4.946.047.329,59) | 5.013.097.626,96 |
| - Swapgeschäften | 916.061,08 |  | Bankguthaben | 314.259.928,95 |
| Guthabenzinsen |  |  | Zinsansprüche aus |  |
| - positiver Zinssatz | 1.299.279,18 |  | - Anleihen | 38.243.808,82 |
| - negativer Zinssatz | -1.759.022,45 |  | - Swapgeschäften | 278.098,50 |
| Dividenden | 2.357.335,97 |  | Dividendenansprüche | 385.815,86 |
| Erträge aus |  |  | Forderungen aus |  |
| - Wertpapierleihgeschäfte | 1.067.839,55 |  | - Verkauf von Fondsanteilen | 29.190.971,08 |
| Sonstige Erträge | 23.612,11 |  | - Wertpapierleihgeschäften | 169.056,23 |
| Summe der Erträge | 84.586.376,60 |  | - Wertpapiergeschäften | 29.781.578,03 |
| Zinsaufwand aus |  |  | Nicht realisierter Gewinn aus |  |
| - Swapgeschäften | -2.334.599,97 |  | - Futuresgeschäften | 7.840.804,97 |
| - Wertpapierleihgeschäfte | -320.351,84 |  | - Swapgeschäften | 38.102.536,25 |
| Taxe d‘Abonnement | -1.554.439,09 |  | - Devisentermingeschäften | 974,14 |
| Pauschalvergütung | -55.210.671,20 |  | Gesamtvermögen | 5.471.351.199,79 |
| Sonstige Kosten | -1.874,04 |  | Bankverbindlichkeiten | -2.936.536,87 |
| Summe der Aufwendungen | -59.421.936,14 |  | Zinsverbindlichkeiten aus Swapgeschäften | -363.079,86 |
| Nettoertrag/-verlust Realisierte Gewinne/Verluste aus | 25.164.440,46 |  | Verbindlichkeiten aus - Rücknahme von Fondsanteilen | -62.518.467,43 |
| - Wertpapiergeschäften | -42.610.220,79 |  | - Wertpapiergeschäften | -663.463,98 |
| - Finanztermingeschäften | -120.820.566,06 |  | Sonstige Verbindlichkeiten | -5.024.154,76 |
| - Devisentermingeschäften | 84.131,26 |  | Nicht realisierter Verlust aus |  |
| - Devisen | -13.394.775,84 |  | - Futuresgeschäften | -20.316.579,63 |
| - Swapgeschäften | 1.914.316,83 |  | - Swapgeschäften | -38.550.433,70 |
| Nettogewinn/-verlust | -149.662.674,14 |  | - Devisentermingeschäften | -49,14 |
| Veränderungen der nicht realisierten Gewinne/Verluste aus |  |  | Gesamtverbindlichkeiten | -130.372.765,37 |
| - Wertpapiergeschäften | -54.412.931,44 |  | Fondsvermögen | 5.340.978.434,42 |
| - Finanztermingeschäften | -7.201.267,89 |  |  |  |
| - Devisentermingeschäften | 925,00 |  |  |  |
| - Devisen | -45.555,81 |  |  |  |
| - Swapgeschäften | -5.950.282,20 |  |  |  |
| Betriebsergebnis | -217.271.786,48 |  |  |  |

Die Finanzaufstellungen der Teilfonds, die auf den Seiten 18–52 dargelegt sind, ergeben zusammen die oben aufgeführten Finanzaufstellungen der Gesellschaft.
| Entwicklung des Fondsvermögens für den Zeitraum vom 01.10.2019 bis zum 30.09.2020 | COMBINED |
| --- | --- |
|  | EUR |
| Fondsvermögen zu Beginn des Berichtszeitraums | 4.866.112.246,83 |
| Mittelzuflüsse | 2.844.233.185,49 |
| Mittelrückflüsse | -2.151.206.784,50 |
| Ausschüttung | -888.426,92 |
| Betriebsergebnis | -217.271.786,48 |
| Vermögen am Ende des Berichtszeitraums | 5.340.978.434,42 |