# DWS Invest ESG Euro Corporate Bonds
DWS INVEST ESG EURO CORPORATE BONDS

### Performance of share classes vs. benchmark (in EUR)
| Share class | ISIN | 6 months |
| --- | --- | --- |
| Class LC | LU2001241897 | -13.8% |
| Class FC | LU2001241384 | -13.7% |
| Class IC100 | LU2233196539 | -13.5% |
| Class TFC | LU2001242275 | -13.7% |
| Class XC | LU2001182430 | -13.5% |
| iBoxx € Corporate |  | -12.4% |

“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 Euro Corporate Bonds
| Statement of net assets as of June 30, 2022 |  |
| --- | --- |
|  | Amount in EUR | % of net assets |
| I. Assets |  |  |
| 1. Bonds (issuers) Companies | 138 012 840.90 | 96.86 |
| Central governments | 489 841.90 | 0.34 |
| Total bonds | 138 502 682.80 | 97.20 |
| 2. Investment fund units Bond funds | 1 981 631.52 | 1.39 |
| Total investment fund units | 1 981 631.52 | 1.39 |
| 3. Derivatives | -212 962.89 | -0.15 |
| 4. Cash at bank | 1 608 200.82 | 1.13 |
| 5. Other assets | 835 963.36 | 0.59 |
| 6. Receivables from share certificate transactions | 86.58 | 0.00 |
| II. Liabilities |  |  |
| 1. Loan liabilities | -138 331.56 | -0.10 |
| 2. Other liabilities | -75 482.95 | -0.05 |
| 3. Liabilities from share certificate transactions | -9 436.13 | -0.01 |
| III. Net assets | 142 492 351.55 | 100.00 |

Negligible rounding errors may have arisen due to the rounding of calculated percentages.
| Investment portfolio – June 30, 2022 |  |
| --- | --- |
|  | Count/ | Quantity/ | Purchases/ | Sales/ | Market price | Total market | % of |
| Security name | units/ | principal | additions | disposals |  | value in | net assets |
| currency | amount	in the reporting period	EUR |
| Securities traded on an exchange |  |  |  |  |  |  | 137 066 412.31 | 96.19 |
| Interest-bearing securities 1.50  % A2A SpA (MTN) 2022/2028 ..................  | EUR | 230 000 | 470 000 | 240 000 | % | 89.67 | 206 241.00 | 0.14 |
| 7.125 % ABN AMRO Bank NV (MTN) 2012/2022 ........  | EUR | 220 000 |  |  | % | 100.009 | 220 019.80 | 0.15 |
| 0.60  % ABN AMRO Bank NV (MTN) 2020/2027 ........  | EUR | 500 000 |  |  | % | 89.766 | 448 830.00 | 0.31 |
| 0.50  % ABN AMRO Bank NV (MTN) 2021/2029 ........  | EUR | 600 000 |  |  | % | 80.897 | 485 382.00 | 0.34 |
| 2.125 % Aeroports de Paris 2018/2038  ...............  | EUR | 400 000 | 100 000 | 500 000 | % | 75.833 | 303 332.00 | 0.21 |
| 0.88  % AIA GROUP LTD 2021/2033 * ................  | EUR | 460 000 |  |  | % | 81.545 | 375 107.00 | 0.26 |
| 1.25  % AIB Group PLC (MTN) 2019/2024 .............  1.00 % Akelius Residential Property Financing BV (MTN) 2020/2028 ...............................  | EUR EUR | 1 140 000 240 000 | 160 000 |  | % % | 97.513 83.99 | 1 111 648.20 201 576.00 | 0.78 0.14 |
| 1.375 % Alfa Laval Treasury International AB (MTN) 2022/2029 ...............................  | EUR | 570 000 | 1 200 000 | 630 000 | % | 84.258 | 480 270.60 | 0.34 |
| 1.625 % Alliander NV 2018/perpetual * ................  | EUR | 250 000 |  |  | % | 88.876 | 222 190.00 | 0.16 |
| 2.60  % Allianz SE 2021/perpetual * ..................  | EUR | 400 000 |  |  | % | 68.932 | 275 728.00 | 0.19 |
| 4.252 % Allianz SE (MTN) 2022/2052 * ................  | EUR | 400 000 | 400 000 |  | % | 95.783 | 383 132.00 | 0.27 |
| 1.125 % Amcor UK Finance PLC (MTN) 2020/2027 ......  | EUR | 800 000 | 160 000 | 385 000 | % | 89.736 | 717 888.00 | 0.50 |
| 1.95 % American Honda Finance Corp. 2020/2024 ..... 1.625 % American Medical Systems Europe BV (MTN) 2022/2031 ...............................  | EUR EUR | 240 000 770 000 | 770 000 |  | % % | 100.046 86.738 | 240 110.40 667 882.60 | 0.17 0.47 |
| 0.875 % American Tower Corp. (MTN) 2021/2029 .......  | EUR | 500 000 | 190 000 | 1 030 000 | % | 81.439 | 407 195.00 | 0.29 |
| 0.95  % American Tower Corp. (MTN) 2021/2030 .......  | EUR | 580 000 |  |  | % | 78.269 | 453 960.20 | 0.32 |
| 0.625 % Amprion GmbH (MTN) 2021/2033 ............  | EUR | 1 100 000 | 100 000 |  | % | 70.01 | 770 110.00 | 0.54 |
| 3.70  % Anheuser-Busch InBev SA (MTN) 2020/2040 ....  | EUR | 190 000 |  |  | % | 95.826 | 182 069.40 | 0.13 |
| 0.20  % ANZ New Zealand Int‘l Ltd (MTN) 2021/2027  ...  | EUR | 780 000 | 140 000 |  | % | 86.304 | 673 171.20 | 0.47 |
| 0.75  % AP Moller - Maersk A/S (MTN) 2021/2031 ......  | EUR | 170 000 |  |  | % | 79.858 | 135 758.60 | 0.10 |
| 2.75  % Arkema SA (MTN) 2019/perpetual * ...........  | EUR | 200 000 |  |  | % | 94.679 | 189 358.00 | 0.13 |
| 0.375 % Aroundtown SA (MTN) 2021/2027 ............  | EUR | 1 100 000 | 100 000 |  | % | 78.089 | 858 979.00 | 0.60 |
| 0.155 % Asahi Group Holdings Ltd 2020/2024 ..........  0.75 % Ascendas Real Estate Investment Trust (MTN) 2021/2028 ...............................  | EUR EUR | 841 000 980 000 | 140 000 150 000 |  | % % | 95.62 80.369 | 804 164.20 787 616.20 | 0.56 0.55 |
| 0.625 % ASML Holding NV (MTN) 2020/2029 ..........  | EUR | 300 000 | 200 000 |  | % | 87.601 | 262 803.00 | 0.18 |
| 2.429 % Assicurazioni Generali SpA (MTN) 2020/2031  ...  | EUR | 110 000 |  |  | % | 78.709 | 86 579.90 | 0.06 |
| 1.00  % ASTM SpA (MTN) 2021/2026 ................  | EUR | 390 000 |  |  | % | 87.864 | 342 669.60 | 0.24 |
| 1.50  % ASTM SpA (MTN) 2021/2030 ................  | EUR | 590 000 |  |  | % | 77.2 | 455 480.00 | 0.32 |
| 3.55  % AT&T, Inc. 2012/2032 ......................  | EUR | 100 000 |  |  | % | 100.848 | 100 848.00 | 0.07 |
| 3.375 % AT&T, Inc. 2014/2034 ......................  | EUR | 200 000 |  |  | % | 96.387 | 192 774.00 | 0.14 |
| 3.15  % AT&T, Inc. 2017/2036 ......................  | EUR | 851 000 | 140 000 |  | % | 92.025 | 783 132.75 | 0.55 |
| 1.80  % AT&T, Inc. 2019/2039 ......................  | EUR | 220 000 |  |  | % | 73.495 | 161 689.00 | 0.11 |
| 2.875 % AT&T, Inc. 2020/perpetual * .................  | EUR | 400 000 | 400 000 |  | % | 87.672 | 350 688.00 | 0.25 |
| 2.05  % AT&T, Inc. 2020/2032 ......................  | EUR | 170 000 |  |  | % | 90.053 | 153 090.10 | 0.11 |
| 1.625 % AusNet Services Holdings (MTN) 2021/2081 * ...  | EUR | 190 000 |  |  | % | 76.07 | 144 533.00 | 0.10 |
| 0.625 % AusNet Services Holdings Pty Ltd (MTN) 2020/2030 | EUR | 170 000 | 170 000 | 500 000 | % | 77.101 | 131 071.70 | 0.09 |
| 1.25  % Avery Dennison Corp. (MTN) 2017/2025 .......  | EUR | 250 000 | 250 000 |  | % | 96.186 | 240 465.00 | 0.17 |
| 3.375 % Aviva PLC (MTN) 2015/2045 * ................  | EUR | 765 000 | 140 000 |  | % | 97.998 | 749 684.70 | 0.53 |
| 3.875 % AXA SA (MTN) 2014/perpetual * ..............  0.875 % Banco Bilbao Vizcaya Argentaria SA (MTN) 2022/2029 * ..............................  | EUR EUR | 359 000 1 000 000 | 1 000 000 |  | % % | 97.617 84.505 | 350 445.03 845 050.00 | 0.25 0.59 |
| 2.00  % Banco de Sabadell SA (MTN) 2020/2030 * ......  | EUR | 300 000 |  |  | % | 87.545 | 262 635.00 | 0.18 |
| 1.125 % Banco de Sabadell SA (MTN) 2020/2027 * ......  | EUR | 200 000 |  |  | % | 91.645 | 183 290.00 | 0.13 |
| 0.625 % Banco Santander SA (MTN) 2021/2029 * .......  | EUR | 1 000 000 | 1 000 000 |  | % | 83.949 | 839 490.00 | 0.59 |
| 0.375 % Bank of Ireland Group PLC (MTN) 2021/2027 * ..  | EUR | 460 000 |  |  | % | 87.628 | 403 088.80 | 0.28 |
| 1.875 % Bank of Ireland Group PLC (MTN) 2022/2026 * ..  | EUR | 780 000 | 780 000 |  | % | 95.189 | 742 474.20 | 0.52 |
| 0.75  % Bankia SA (MTN) 2019/2026 .................  | EUR | 600 000 | 100 000 | 500 000 | % | 91.137 | 546 822.00 | 0.38 |
| 0.625 % Bankinter SA (MTN) 2020/2027 ..............  3.00 % Banque Federative du Credit Mutuel SA (MTN) 2015/2025 ...............................  | EUR EUR | 500 000 200 000 |  |  | % % | 85.255 98.901 | 426 275.00 197 802.00 | 0.30 0.14 |
| 1.75  % Banque Federative du Credit Mutuel SA (MTN) |  |  |  |  |  |  |  |  |
| 2019/2029 ...............................  | EUR | 200 000 | % | 89.267 | 178 534.00 | 0.13 |
| 0.10  % Banque Federative du Credit Mutuel SA (MTN) 2020/2027 ...............................  | EUR | 400 000 |  |  | % | 87.335 | 349 340.00 | 0.25 |
| 1.375 % Barclays PLC (MTN) 2018/2026 * .............  | EUR | 500 000 |  |  | % | 95.214 | 476 070.00 | 0.33 |
| 0.75  % Barclays PLC (MTN) 2019/2025 * .............  | EUR | 100 000 |  |  | % | 95.919 | 95 919.00 | 0.07 |
| 1.125 % Barclays PLC (MTN) 2021/2031 * .............  | EUR | 400 000 |  |  | % | 87.054 | 348 216.00 | 0.24 |
| 0.375 % Belfius Bank SA (MTN) 2020/2025 ............  | EUR | 900 000 | 200 000 | 500 000 | % | 92.631 | 833 679.00 | 0.58 |
| 0.125 % Belfius Bank SA (MTN) 2021/2028 ............  | EUR | 300 000 |  |  | % | 85.654 | 256 962.00 | 0.18 |
| 0.75  % BMW Finance NV (MTN) 2017/2024  ..........  | EUR | 300 000 |  |  | % | 98.17 | 294 510.00 | 0.21 |
| 2.50  % BNP Paribas (MTN) 2022/2032 * ..............  | EUR | 500 000 | 500 000 |  | % | 91.054 | 455 270.00 | 0.32 |
| 0.50  % BNP Paribas SA (MTN) 2020/2028 * ...........  | EUR | 900 000 | 100 000 | 200 000 | % | 85.568 | 770 112.00 | 0.54 |
| 2.10  % BNP Paribas SA (MTN) 2022/2032 ............  | EUR | 600 000 | 600 000 |  | % | 85.523 | 513 138.00 | 0.36 |
| 0.10  % Booking Holdings, Inc. 2021/2025 ............  | EUR | 510 000 |  |  | % | 94.348 | 481 174.80 | 0.34 |
| 0.50  % Booking Holdings, Inc. (MTN) 2021/2028 .......  | EUR | 450 000 |  |  | % | 87.762 | 394 929.00 | 0.28 |
| 0.625 % Boston Scientific Corp. (MTN) 2019/2027  ......  | EUR | 400 000 | 200 000 |  | % | 88.207 | 352 828.00 | 0.25 |
| 3.25  % Bouygues SA 2022/2037  ...................  | EUR | 900 000 | 900 000 |  | % | 91.599 | 824 391.00 | 0.58 |
| 0.50  % BPCE SA (MTN) 2019/2027  .................  | EUR | 300 000 |  |  | % | 88.117 | 264 351.00 | 0.19 |
| 0.25  % BPCE SA (MTN) 2021/2031  .................  | EUR | 500 000 |  |  | % | 77.167 | 385 835.00 | 0.27 |
| 1.50  % BPCE SA 2021/2042 * ......................  | EUR | 200 000 |  | 400 000 | % | 85.895 | 171 790.00 | 0.12 |
| 2.125 % British Telecommunications PLC (MTN) 2018/2028 | EUR | 100 000 | 100 000 |  | % | 94.632 | 94 632.00 | 0.07 |

| Security name | Count/ units/ currency | Quantity/ principal amount | Purchases/ additions in the | Sales/ disposals reporting period | Market price | Total market value in EUR | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 0.50  % British Telecommunications PLC (MTN) 2019/2025 | EUR | 990 000 | 150 000 |  | % | 94.028 | 930 877.20 | 0.65 |
| 1.125 % British Telecommunications PLC (MTN) 2019/2029 | EUR | 180 000 | 180 000 |  | % | 87.259 | 157 066.20 | 0.11 |
| 6.375 % Caisse Nationale de Reassurance Mutuelle |  |  |  |  |  |  |  |  |
| Agricole Groupama 2014/perpetual * ..........  | EUR | 700 000 | 100 000 | 400 000 | % | 101.054 | 707 378.00 | 0.50 |
| 0.75 % Caisse Nationale de Reassurance Mutuelle |  |  |  |  |  |  |  |  |
| Agricole Groupama (MTN) 2021/2028 .........  | EUR | 300 000 | 100 000 | 900 000 | % | 81.269 | 243 807.00 | 0.17 |
| 1.125 % CaixaBank SA (MTN) 2017/2024 ..............  | EUR | 200 000 |  |  | % | 98.359 | 196 718.00 | 0.14 |
| 0.875 % CaixaBank SA (MTN) 2019/2024 ..............  | EUR | 300 000 |  |  | % | 98.236 | 294 708.00 | 0.21 |
| 0.375 % CaixaBank SA (MTN) 2020/2025 ..............  | EUR | 300 000 | 300 000 |  | % | 94.719 | 284 157.00 | 0.20 |
| 0.75  % CaixaBank SA (MTN) 2020/2026 * .............  | EUR | 800 000 | 100 000 |  | % | 93.802 | 750 416.00 | 0.53 |
| 1.625 % Capgemini SE (MTN) 2020/2026 ..............  | EUR | 200 000 |  |  | % | 96.769 | 193 538.00 | 0.14 |
| 0.80  % Capital One Financial Corp. (MTN) 2019/2024 ...  | EUR | 851 000 | 140 000 |  | % | 96.383 | 820 219.33 | 0.58 |
| 5.875 % Centurion Bidco SpA -Reg- (MTN) 2020/2026 ...  | EUR | 350 000 |  | 361 000 | % | 88.477 | 309 669.50 | 0.22 |
| 0.875 % Chorus Ltd (MTN) 2019/2026 ................  | EUR | 1 123 000 | 160 000 |  | % | 91.652 | 1 029 251.96 | 0.72 |
| 1.25  % Citigroup, Inc. (MTN) 2020/2026 * .............  | EUR | 569 000 |  |  | % | 95.274 | 542 109.06 | 0.38 |
| 0.125 % Coca-Cola Co. (MTN) 2020/2029 ..............  | EUR | 400 000 | 400 000 |  | % | 84.135 | 336 540.00 | 0.24 |
| 1.125 % Coca-Cola Europacific Partners PLC (MTN) |  |  |  |  |  |  |  |  |
| 2019/2029 ...............................  | EUR | 100 000 |  |  | % | 87.475 | 87 475.00 | 0.06 |
| 1.00  % Cofinimmo SA (MTN) 2022/2028 .............  | EUR | 1 000 000 | 1 000 000 |  | % | 84.341 | 843 410.00 | 0.59 |
| 2.25  % Coloplast Finance BV (MTN) 2022/2027 ........  | EUR | 326 000 | 326 000 |  | % | 97.358 | 317 387.08 | 0.22 |
| 2.75  % Coloplast Finance BV (MTN) 2022/2030 ........  | EUR | 309 000 | 309 000 |  | % | 97.034 | 299 835.06 | 0.21 |
| 1.375 % Commerzbank AG (MTN) 2021/2031 * .........  | EUR | 400 000 |  | 400 000 | % | 82.01 | 328 040.00 | 0.23 |
| 3.00  % Commerzbank AG (MTN) 2022/2027 * .........  | EUR | 500 000 | 500 000 |  | % | 97.679 | 488 395.00 | 0.34 |
| 2.125 % Conti-Gummi Finance BV (MTN) 2020/2023 .....  | EUR | 300 000 |  |  | % | 100.239 | 300 717.00 | 0.21 |
| 4.25  % Credit Agricole Assurances SA 2015/perpetual * . | EUR | 100 000 |  |  | % | 97.533 | 97 533.00 | 0.07 |
| 1.375 % Credit Agricole SA (MTN) 2018/2025 ..........  | EUR | 200 000 |  |  | % | 96.761 | 193 522.00 | 0.14 |
| 1.00  % Credit Agricole SA (MTN) 2020/2026 * .........  | EUR | 500 000 |  |  | % | 94.921 | 474 605.00 | 0.33 |
| 1.625 % Credit Agricole SA (MTN) 2020/2030 * .........  | EUR | 300 000 |  |  | % | 93.385 | 280 155.00 | 0.20 |
| 1.875 % Credit Agricole SA (MTN) 2022/2027 * .........  | EUR | 700 000 | 700 000 |  | % | 95.558 | 668 906.00 | 0.47 |
| 1.25  % Credit Mutuel Arkea SA (MTN) 2020/2029 * .....  | EUR | 300 000 |  |  | % | 88.302 | 264 906.00 | 0.19 |
| 0.25  % Credit Suisse AG/London (MTN) 2021/2026 .....  | EUR | 440 000 |  |  | % | 89.708 | 394 715.20 | 0.28 |
| 2.125 % Credit Suisse AG/London (MTN) 2022/2024 .....  | EUR | 880 000 | 880 000 |  | % | 99.275 | 873 620.00 | 0.61 |
| 0.65  % Credit Suisse Group AG (MTN) 2019/2029 ......  | EUR | 220 000 |  |  | % | 75.488 | 166 073.60 | 0.12 |
| 2.125 % Credit Suisse Group AG 2022/2026 * ..........  | EUR | 740 000 | 740 000 |  | % | 93.312 | 690 508.80 | 0.48 |
| 2.875 % Credit Suisse Group AG (MTN) 2022/2032 * .....  | EUR | 340 000 | 340 000 |  | % | 84.195 | 286 263.00 | 0.20 |
| 1.25  % CRH SMW Finance DAC (MTN) 2020/2026 .....  | EUR | 140 000 |  |  | % | 93.7 | 131 180.00 | 0.09 |
| 1.00  % Czech Gas Networks Investments Sarl (MTN) |  |  |  |  |  |  |  |  |
| 2020/2027 ...............................  | EUR | 300 000 |  |  | % | 79.691 | 239 073.00 | 0.17 |
| 0.875 % Czech Gas Networks Investments Sarl (MTN) |  |  |  |  |  |  |  |  |
| 2021/2031 ...............................  | EUR | 430 000 |  |  | % | 63.239 | 271 927.70 | 0.19 |
| 0.375 % Danfoss Finance I BV (MTN) 2021/2028 ........  | EUR | 480 000 |  |  | % | 85.425 | 410 040.00 | 0.29 |
| 1.375 % Deutsche Bank AG (MTN) 2020/2026 * ........  | EUR | 200 000 |  |  | % | 96.895 | 193 790.00 | 0.14 |
| 0.75  % Deutsche Bank AG (MTN) 2021/2027 * ........  | EUR | 500 000 |  |  | % | 88.53 | 442 650.00 | 0.31 |
| 3.25  % Deutsche Bank AG (MTN) 2022/2028 * ........  | EUR | 300 000 | 300 000 |  | % | 95.63 | 286 890.00 | 0.20 |
| 1.25  % Deutsche Boerse AG 2020/2047 * ............  | EUR | 200 000 |  |  | % | 84.352 | 168 704.00 | 0.12 |
| 0.25  % Deutsche Pfandbriefbank AG (MTN) 2021/2025 . . | EUR | 500 000 |  |  | % | 90.519 | 452 595.00 | 0.32 |
| 0.45  % DH Europe Finance II Sarl (MTN) 2019/2028 ....  | EUR | 379 000 |  |  | % | 87.843 | 332 924.97 | 0.23 |
| 0.75  % DH Europe Finance II Sarl 2019/2031 ..........  | EUR | 851 000 | 140 000 |  | % | 80.897 | 688 433.47 | 0.48 |
| 1.50  % Diageo Capital BV (MTN) 2022/2029 ..........  | EUR | 530 000 | 530 000 |  | % | 92.423 | 489 841.90 | 0.34 |
| 1.875 % Diageo Capital BV 2022/2034 ................  | EUR | 560 000 | 560 000 |  | % | 87.644 | 490 806.40 | 0.34 |
| 1.00  % Diageo Finance PLC (MTN) 2018/2025 .........  | EUR | 300 000 |  |  | % | 97.345 | 292 035.00 | 0.20 |
| 1.50  % Digital Dutch Finco BV (MTN) 2020/2030 .......  | EUR | 150 000 |  |  | % | 81.154 | 121 731.00 | 0.09 |
| 1.00  % Digital Dutch Finco BV 2020/2032 ............  | EUR | 445 000 |  |  | % | 71.3 | 317 285.00 | 0.22 |
| 2.50  % Digital Euro Finco LLC (MTN) 2019/2026 .......  | EUR | 300 000 |  |  | % | 96.343 | 289 029.00 | 0.20 |
| 2.25  % DS Smith PLC (MTN) 2015/2022 .............  | EUR | 359 000 |  |  | % | 100.15 | 359 538.50 | 0.25 |
| 0.45  % DXC Capital Funding DAC -Reg- (MTN) 2021/2027 | EUR | 980 000 | 150 000 |  | % | 83.94 | 822 612.00 | 0.58 |
| 1.75  % DXC Technology Co. (MTN) 2018/2026 ........  | EUR | 935 000 | 150 000 |  | % | 94.253 | 881 265.55 | 0.62 |
| 0.75  % E.ON SE (MTN) 2020/2028 ..................  | EUR | 340 000 | 40 000 |  | % | 88.82 | 301 988.00 | 0.21 |
| 1.625 % E.ON SE (MTN) 2022/2031 ..................  | EUR | 360 000 | 360 000 |  | % | 87.61 | 315 396.00 | 0.22 |
| 1.875 % EDP Finance BV (MTN) 2022/2029 ............  | EUR | 500 000 | 500 000 |  | % | 91.029 | 455 145.00 | 0.32 |
| 0.375 % Elenia Verkko Oyj (MTN) 2020/2027 ...........  | EUR | 242 000 |  |  | % | 89.02 | 215 428.40 | 0.15 |
| 1.375 % Eli Lilly & Co. 2021/2061 ....................  | EUR | 870 000 | 140 000 |  | % | 55.688 | 484 485.60 | 0.34 |
| 4.125 % Elis SA (MTN) 2022/2027 ...................  | EUR | 200 000 | 200 000 |  | % | 95.223 | 190 446.00 | 0.13 |
| 4.50  % ELM BV for Swiss Life Insurance & Pension Group |  |  |  |  |  |  |  |  |
| (MTN) 2016/perpetual * .....................  | EUR | 300 000 |  |  | % | 96.745 | 290 235.00 | 0.20 |
| 2.375 % ELO SACA (MTN) 2019/2025 ................  | EUR | 200 000 |  |  | % | 96.493 | 192 986.00 | 0.14 |
| 1.625 % EnBW Energie Baden-Wuerttemberg AG |  |  |  |  |  |  |  |  |
| 2019/2079 * ..............................  | EUR | 1 000 000 |  |  | % | 78.382 | 783 820.00 | 0.55 |
| 0.375 % Enel Finance International NV (MTN) 2019/2027 . | EUR | 349 000 |  |  | % | 88.685 | 309 510.65 | 0.22 |
| 0.875 % Enel Finance International NV (MTN) 2021/2036 . | EUR | 430 000 |  |  | % | 65.506 | 281 675.80 | 0.20 |
| 0.875 % Enel Finance International NV (MTN) 2022/2031 . | EUR | 520 000 | 520 000 |  | % | 79.535 | 413 582.00 | 0.29 |
| 1.875 % Engie SA 2021/perpetual * ..................  | EUR | 500 000 | 200 000 | 1 000 000 | % | 69.283 | 346 415.00 | 0.24 |
| 1.00  % Engie SA (MTN) 2021/2036  .................  | EUR | 800 000 | 100 000 |  | % | 67.75 | 542 000.00 | 0.38 |
| 2.625 % Eni SpA 2020/perpetual * ...................  | EUR | 1 000 000 | 1 000 000 |  | % | 89.379 | 893 790.00 | 0.63 |
| 2.045 % EP Infrastructure AS (MTN) 2019/2028 ........  | EUR | 600 000 | 600 000 |  | % | 67.292 | 403 752.00 | 0.28 |
| 0.875 % EQT AB (MTN) 2021/2031 ..................  | EUR | 950 000 | 150 000 |  | % | 73.179 | 695 200.50 | 0.49 |
| 0.25  % Equinix, Inc. (MTN) 2021/2027 ...............  | EUR | 530 000 |  |  | % | 86.542 | 458 672.60 | 0.32 |
| 1.625 % Erste Group Bank AG (MTN) 2020/2031 * .......  | EUR | 200 000 |  |  | % | 89.465 | 178 930.00 | 0.13 |
| 0.875 % Erste Group Bank AG (MTN) 2021/2032 * .......  | EUR | 400 000 |  |  | % | 82.125 | 328 500.00 | 0.23 |
| 1.50  % Erste Group Bank AG (MTN) 2022/2026 ........  | EUR | 700 000 | 700 000 |  | % | 95.533 | 668 731.00 | 0.47 |
| 4.00  % Erste Group Bank AG (MTN) 2022/2033 * .......  | EUR | 300 000 | 300 000 |  | % | 95.281 | 285 843.00 | 0.20 |
| 0.875 % Eurofins Scientific SE (MTN) 2021/2031 ........  | EUR | 600 000 | 150 000 | 370 000 | % | 75.225 | 451 350.00 | 0.32 |
| 1.50  % Eurogrid GmbH (MTN) 2016/2028 ............  | EUR | 100 000 |  |  | % | 92.604 | 92 604.00 | 0.06 |

| Security name | Count/ units/ currency | Quantity/ principal amount | Purchases/ additions in the | Sales/ disposals reporting period | Market price | Total market value in EUR | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1.56  % Experian Europe DAC (MTN) 2022/2031  .......  | EUR | 340 000 | 340 000 |  | % | 85.909 | 292 090.60 | 0.20 |
| 1.375 % Experian Finance PLC (MTN) 2017/2026 .......  | EUR | 579 000 |  |  | % | 96.002 | 555 851.58 | 0.39 |
| 0.54  % Ferrovial Emisiones SA (MTN) 2020/2028 ......  | EUR | 500 000 |  |  | % | 84.157 | 420 785.00 | 0.30 |
| 1.00  % Fomento Economico Mexicano SAB de CV |  |  |  |  |  |  |  |  |
| 2021/2033 ...............................  | EUR | 500 000 | 190 000 | 1 090 000 | % | 72.029 | 360 145.00 | 0.25 |
| 1.514 % Ford Motor Credit Co., LLC 2019/2023  ........  | EUR | 100 000 |  |  | % | 98.71 | 98 710.00 | 0.07 |
| 1.875 % Fresenius SE & Co., KGaA (MTN) 2022/2025 ....  | EUR | 340 000 | 340 000 |  | % | 97.35 | 330 990.00 | 0.23 |
| 0.125 % General Mills, Inc. 2021/2025 ................  | EUR | 530 000 |  |  | % | 92.636 | 490 970.80 | 0.34 |
| 0.875 % Goldman Sachs Group, Inc. (MTN) 2020/2030 ...  | EUR | 400 000 | 50 000 |  | % | 81.618 | 326 472.00 | 0.23 |
| 0.25  % Goldman Sachs Group, Inc. (MTN) 2021/2028 ...  | EUR | 1 140 000 | 140 000 |  | % | 83.788 | 955 183.20 | 0.67 |
| 1.375 % Goodman Australia Finance Pty Ltd -Reg- (MTN) |  |  |  |  |  |  |  |  |
| 2017/2025 ...............................  | EUR | 869 000 | 140 000 |  | % | 93.976 | 816 651.44 | 0.57 |
| 1.25 % GSK Consumer Healthcare Capital NL, BV (MTN) |  |  |  |  |  |  |  |  |
| 2022/2026 ...............................  | EUR | 570 000 | 570 000 |  | % | 95.957 | 546 954.90 | 0.38 |
| 1.75 % GSK Consumer Healthcare Capital NL, BV (MTN) |  |  |  |  |  |  |  |  |
| 2022/2030 ...............................  | EUR | 460 000 | 460 000 |  | % | 91.351 | 420 214.60 | 0.29 |
| 0.50  % Hamburg Commercial Bank AG (MTN) 2021/2026 * | EUR | 900 000 | 100 000 |  | % | 90.082 | 810 738.00 | 0.57 |
| 1.375 % Hannover Rueck SE 2021/2042 * .............  | EUR | 500 000 |  |  | % | 75.344 | 376 720.00 | 0.26 |
| 3.875 % Harley-Davidson Financial Services, Inc. 2020/2023 | EUR | 300 000 |  |  | % | 100.904 | 302 712.00 | 0.21 |
| 1.375 % Heimstaden Bostad Treasury BV (MTN) 2020/2027 | EUR | 369 000 |  |  | % | 82.209 | 303 351.21 | 0.21 |
| 0.25  % Heimstaden Bostad Treasury BV (MTN) 2021/2024 | EUR | 940 000 | 200 000 | 700 000 | % | 91.131 | 856 631.40 | 0.60 |
| 0.318 % Highland Holdings Sarl (MTN) 2021/2026 .......  | EUR | 260 000 |  | 330 000 | % | 89.385 | 232 401.00 | 0.16 |
| 0.625 % Holding d‘Infrastructures de Transport SASU (MTN) |  |  |  |  |  |  |  |  |
| 2021/2028 ...............................  | EUR | 300 000 |  |  | % | 82.887 | 248 661.00 | 0.17 |
| 3.25 % Iberdrola International BV 2019/perpetual * ......  | EUR | 100 000 |  |  | % | 95.59 | 95 590.00 | 0.07 |
| 2.50  % ING Groep NV (MTN) 2017/2029 * ............  | EUR | 400 000 |  |  | % | 98.32 | 393 280.00 | 0.28 |
| 0.10  % ING Groep NV (MTN) 2019/2025 * ............  | EUR | 500 000 |  |  | % | 94.334 | 471 670.00 | 0.33 |
| 2.125 % ING Groep NV (MTN) 2020/2031 * ............  | EUR | 200 000 |  |  | % | 92.231 | 184 462.00 | 0.13 |
| 0.125 % ING Groep NV 2021/2025 * ..................  | EUR | 800 000 | 100 000 |  | % | 93.629 | 749 032.00 | 0.53 |
| 0.875 % International Business Machines Corp. (MTN) |  |  |  |  |  |  |  |  |
| 2019/2025 ...............................  | EUR | 390 000 |  |  | % | 97.037 | 378 444.30 | 0.27 |
| 1.25  % International Business Machines Corp. (MTN) |  |  |  |  |  |  |  |  |
| 2022/2034 ...............................  | EUR | 840 000 | 840 000 |  | % | 81.371 | 683 516.40 | 0.48 |
| 3.375 % Intertrust Group BV -Reg- (MTN) 2018/2025 ....  | EUR | 411 000 |  |  | % | 95.261 | 391 522.71 | 0.27 |
| 1.00  % Intesa Sanpaolo SpA (MTN) 2019/2026 ........  | EUR | 230 000 |  |  | % | 90.004 | 207 009.20 | 0.15 |
| 6.375 % Intesa Sanpaolo SpA 2022/perpetual * .........  | EUR | 370 000 | 670 000 | 300 000 | % | 84.684 | 313 330.80 | 0.22 |
| 4.875 % Intrum AB -Reg- (MTN) 2020/2025 ............  | EUR | 411 000 |  |  | % | 91.027 | 374 120.97 | 0.26 |
| 2.875 % IQVIA, Inc. -Reg- (MTN) 2020/2028 ...........  | EUR | 100 000 |  |  | % | 85.446 | 85 446.00 | 0.06 |
| 1.25  % ISS Finance BV (MTN) 2020/2025  ............  | EUR | 600 000 | 140 000 | 282 000 | % | 96.224 | 577 344.00 | 0.41 |
| 2.125 % ISS Global A/S (MTN) 2014/2024 .............  | EUR | 100 000 |  |  | % | 100.116 | 100 116.00 | 0.07 |
| 0.875 % ISS Global A/S (MTN) 2019/2026 .............  | EUR | 559 000 |  |  | % | 90.044 | 503 345.96 | 0.35 |
| 0.50  % JDE Peet‘s NV (MTN) 2021/2029 .............  | EUR | 530 000 |  |  | % | 79.592 | 421 837.60 | 0.30 |
| 1.125 % JDE Peet‘s NV (MTN) 2021/2033 .............  | EUR | 112 000 |  | 208 000 | % | 71.118 | 79 652.16 | 0.06 |
| 1.00  % Johnson Controls International Plc (MTN) 2017/2023 | EUR | 218 000 |  |  | % | 99.346 | 216 574.28 | 0.15 |
| 1.963 % JPMorgan Chase & Co (MTN) 2022/2030 * .....  | EUR | 500 000 | 500 000 |  | % | 91.452 | 457 260.00 | 0.32 |
| 0.389 % JPMorgan Chase & Co. (MTN) 2020/2028 * .....  | EUR | 564 000 | 150 000 | 400 000 | % | 88.16 | 497 222.40 | 0.35 |
| 0.597 % JPMorgan Chase & Co. (MTN) 2021/2033 * .....  | EUR | 300 000 |  | 200 000 | % | 76.739 | 230 217.00 | 0.16 |
| 0.25  % Jyske Bank A/S (MTN) 2021/2028 * ...........  | EUR | 1 880 000 | 230 000 |  | % | 88.9 | 1 671 320.00 | 1.17 |
| 1.625 % KBC Group NV (MTN) 2017/2029 * ............  | EUR | 200 000 |  |  | % | 94.274 | 188 548.00 | 0.13 |
| 0.25  % KBC Group NV (MTN) 2021/2027 * ............  | EUR | 400 000 |  |  | % | 89.73 | 358 920.00 | 0.25 |
| 0.80  % Kellogg Co. (MTN) 2017/2022 ................  | EUR | 432 000 |  |  | % | 100.218 | 432 941.76 | 0.30 |
| 0.75  % Kering SA (MTN) 2020/2028 .................  | EUR | 100 000 |  |  | % | 90.356 | 90 356.00 | 0.06 |
| 2.125 % Koninklijke Philips NV (MTN) 2022/2029 ........  | EUR | 500 000 | 500 000 |  | % | 93.472 | 467 360.00 | 0.33 |
| 1.00  % La Banque Postale SA (MTN) 2020/2026 * ......  | EUR | 300 000 |  |  | % | 92.91 | 278 730.00 | 0.20 |
| 0.875 % La Banque Postale SA (MTN) 2020/2031 * ......  | EUR | 300 000 |  |  | % | 87.199 | 261 597.00 | 0.18 |
| 2.125 % La Mondiale SAM 2020/2031 ................  | EUR | 100 000 |  |  | % | 80.105 | 80 105.00 | 0.06 |
| 1.00  % La Poste SA (MTN) 2019/2034 ...............  | EUR | 500 000 | 200 000 | 1 500 000 | % | 78.244 | 391 220.00 | 0.27 |
| 0.25  % LeasePlan Corp., NV (MTN) 2021/2026 ........  | EUR | 600 000 |  |  | % | 87.596 | 525 576.00 | 0.37 |
| 0.875 % LEG Immobilien SE (MTN) 2021/2033 .........  | EUR | 500 000 |  |  | % | 65.916 | 329 580.00 | 0.23 |
| 0.875 % LEG Immobilien SE (MTN) 2022/2029 .........  | EUR | 600 000 | 600 000 |  | % | 79.61 | 477 660.00 | 0.34 |
| 1.375 % Linde PLC (MTN) 2022/2031 .................  | EUR | 800 000 | 800 000 |  | % | 87.962 | 703 696.00 | 0.49 |
| 1.375 % Madrilena Red de Gas Finance BV (MTN) |  |  |  |  |  |  |  |  |
| 2017/2025 ...............................  | EUR | 300 000 |  |  | % | 94.394 | 283 182.00 | 0.20 |
| 2.375 % McDonald‘s Corp. (MTN) 2022/2029  ..........  | EUR | 930 000 | 930 000 |  | % | 95.013 | 883 620.90 | 0.62 |
| 1.75  % Medtronic Global Holdings SCA 2019/2049 .....  | EUR | 400 000 |  | 149 000 | % | 68.023 | 272 092.00 | 0.19 |
| 1.625 % Merck KGaA 2020/2080 * ...................  | EUR | 400 000 |  |  | % | 87.281 | 349 124.00 | 0.24 |
| 0.214 % Mizuho Financial Group, Inc. (MTN) 2020/2025 ..  | EUR | 320 000 |  |  | % | 92.164 | 294 924.80 | 0.21 |
| 4.25  % Mobilux Finance SAS -Reg- (MTN) 2021/2028 ...  | EUR | 300 000 |  |  | % | 73.824 | 221 472.00 | 0.16 |
| 1.25  % Mondelez International Holdings Netherlands BV |  |  |  |  |  |  |  |  |
| -Reg- 2021/2041 ..........................  | EUR | 790 000 | 140 000 |  | % | 62.668 | 495 077.20 | 0.35 |
| 1.375 % Morgan Stanley (MTN) 2016/2026 ............  | EUR | 452 000 |  |  | % | 93.501 | 422 624.52 | 0.30 |
| 2.103 % Morgan Stanley 2022/2026 * .................  | EUR | 360 000 | 730 000 | 370 000 | % | 98.101 | 353 163.60 | 0.25 |
| 0.125 % Motability Operations Group PLC (MTN) |  |  |  |  |  |  |  |  |
| 2021/2028 ...............................  | EUR | 210 000 |  |  | % | 85.98 | 180 558.00 | 0.13 |
| 3.25  % Muenchener Rueckversicherungs-Gesellschaft AG |  |  |  |  |  |  |  |  |
| in Muenchen 2018/2049 * ...................  | EUR | 200 000 |  |  | % | 93.084 | 186 168.00 | 0.13 |
| 2.125 % Mylan, Inc. (MTN) 2018/2025 ................  | EUR | 300 000 |  |  | % | 95.82 | 287 460.00 | 0.20 |
| 2.125 % National Australia Bank (MTN) 2022/2028 ......  | EUR | 510 000 | 510 000 |  | % | 96.413 | 491 706.30 | 0.35 |
| 0.41  % National Grid North America, Inc. (MTN) 2022/2026 | EUR | 920 000 | 1 320 000 | 400 000 | % | 91.638 | 843 069.60 | 0.59 |
| 1.054 % National Grid North America, Inc. (MTN) 2022/2031 | EUR | 500 000 | 2 330 000 | 1 830 000 | % | 81.338 | 406 690.00 | 0.29 |
| 2.949 % National Grid PLC (MTN) 2022/2030 ...........  | EUR | 420 000 | 420 000 |  | % | 95.87 | 402 654.00 | 0.28 |
| 0.75  % Naturgy Finance BV (MTN) 2019/2029 .........  | EUR | 500 000 |  |  | % | 84.338 | 421 690.00 | 0.30 |
| 1.50  % Nestle Finance International Ltd (MTN) 2022/2035 | EUR | 700 000 | 700 000 |  | % | 84.806 | 593 642.00 | 0.42 |

| Security name | Count/ units/ currency | Quantity/ principal amount | Purchases/ additions in the | Sales/ disposals reporting period | Market price | Total market value in EUR | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 4.625 % Netflix, Inc. 2018/2029 .....................  | EUR | 407 000 | 407 000 |  | % | 94.552 | 384 826.64 | 0.27 |
| 4.625 % NN Group NV (MTN) 2017/2048 * .............  | EUR | 157 000 |  |  | % | 96.469 | 151 456.33 | 0.11 |
| 1.125 % Nordea Bank Abp (MTN) 2022/2027 ...........  | EUR | 450 000 | 450 000 |  | % | 92.059 | 414 265.50 | 0.29 |
| 0.082 % NTT FINANCE Corp. 2021/2025 ..............  | EUR | 350 000 |  |  | % | 93.043 | 325 650.50 | 0.23 |
| 0.625 % Nykredit Realkredit A/S (MTN) 2019/2025 ......  | EUR | 300 000 |  |  | % | 95.404 | 286 212.00 | 0.20 |
| 0.25  % Nykredit Realkredit AS (MTN) 2020/2026 .......  | EUR | 400 000 |  |  | % | 90.441 | 361 764.00 | 0.25 |
| 6.25  % OMV AG 2015/perpetual * ...................  | EUR | 157 000 | 20 000 |  | % | 102.305 | 160 618.85 | 0.11 |
| 1.00  % Optus Finance Pty, Ltd (MTN) 2019/2029 ......  | EUR | 1 230 000 | 160 000 |  | % | 87.588 | 1 077 332.40 | 0.76 |
| 2.375 % Orange SA (MTN) 2019/perpetual * ............  | EUR | 300 000 |  |  | % | 93.605 | 280 815.00 | 0.20 |
| 2.875 % Organon & Co. Via Organon Foreign Debt |  |  |  |  |  |  |  |  |
| Co-Issuer BV -Reg- (MTN) 2021/2028 ..........  | EUR | 190 000 |  | 530 000 | % | 84.06 | 159 714.00 | 0.11 |
| 1.50  % Orsted AS 2017/2029 ......................  | EUR | 500 000 |  |  | % | 92.185 | 460 925.00 | 0.32 |
| 2.25  % Orsted AS (MTN) 2022/2028  ................  | EUR | 480 000 | 480 000 |  | % | 98.104 | 470 899.20 | 0.33 |
| 1.00  % PostNL NV (MTN) 2017/2024 ................  | EUR | 800 000 | 100 000 |  | % | 96.47 | 771 760.00 | 0.54 |
| 2.75  % PPG Industries, Inc. (MTN) 2022/2029 .........  | EUR | 560 000 | 560 000 |  | % | 95.696 | 535 897.60 | 0.38 |
| 0.90  % Procter & Gamble Co. 2021/2041 .............  | EUR | 353 000 | 500 000 | 147 000 | % | 65.917 | 232 687.01 | 0.16 |
| 0.50  % Prologis Euro Finance LLC 2021/2032 .........  | EUR | 330 000 |  |  | % | 73.705 | 243 226.50 | 0.17 |
| 3.078 % Prosus NV -Reg- (MTN) 2020/2028 ............  | EUR | 1 127 000 | 160 000 |  | % | 79.288 | 893 575.76 | 0.63 |
| 1.207 % Prosus NV -Reg- 2022/2026 .................  | EUR | 430 000 | 430 000 |  | % | 87.201 | 374 964.30 | 0.26 |
| 6.00  % PSA Tresorerie GIE 2003/2033 ...............  | EUR | 221 000 | 221 000 |  | % | 109.389 | 241 749.69 | 0.17 |
| 0.375 % Raiffeisen Bank International AG (MTN) 2019/2026 | EUR | 900 000 | 100 000 |  | % | 87.286 | 785 574.00 | 0.55 |
| 2.875 % Raiffeisen Bank International AG 2020/2032 * ...  | EUR | 400 000 |  |  | % | 79.396 | 317 584.00 | 0.22 |
| 2.50  % RCS & RDS SA -Reg- (MTN) 2020/2025 ........  | EUR | 400 000 |  |  | % | 88.297 | 353 188.00 | 0.25 |
| 3.875 % Rentokil Initial Finance BV (MTN) 2022/2027 ....  | EUR | 660 000 | 660 000 |  | % | 101.71 | 671 286.00 | 0.47 |
| 4.375 % Rentokil Initial Finance BV (MTN) 2022/2030 ....  | EUR | 490 000 | 490 000 |  | % | 102.917 | 504 293.30 | 0.35 |
| 1.625 % RTE Reseau de Transport d‘Electricite SADIR (MTN) |  |  |  |  |  |  |  |  |
| 2015/2025 ...............................  | EUR | 200 000 |  |  | % | 98.052 | 196 104.00 | 0.14 |
| 2.50  % Sampo Oyj 2020/2052 * ....................  | EUR | 190 000 |  |  | % | 78.235 | 148 646.50 | 0.10 |
| 2.125 % Sandvik AB (MTN) 2022/2027 ................  | EUR | 600 000 | 600 000 |  | % | 97.314 | 583 884.00 | 0.41 |
| 1.875 % SANEF SA 2015/2026 ......................  | EUR | 500 000 |  |  | % | 95.489 | 477 445.00 | 0.33 |
| 0.125 % Santander Consumer Bank AS (MTN) 2020/2025..  | EUR | 500 000 |  |  | % | 94.035 | 470 175.00 | 0.33 |
| 0.50  % Santander Consumer Bank AS (MTN) 2022/2025..  | EUR | 500 000 | 500 000 |  | % | 93.751 | 468 755.00 | 0.33 |
| 0.00  % Santander Consumer Finance SA (MTN) 2021/2026 | EUR | 800 000 | 100 000 |  | % | 90.325 | 722 600.00 | 0.51 |
| 3.125 % Sappi Papier Holding GmbH -Reg- (MTN) 2019/2026 | EUR | 300 000 |  |  | % | 89.093 | 267 279.00 | 0.19 |
| 1.375 % Scentre Group Trust 1 Via Scentre Group Trust 2 |  |  |  |  |  |  |  |  |
| (MTN) 2016/2023 .........................  | EUR | 200 000 |  |  | % | 100.03 | 200 060.00 | 0.14 |
| 1.25  % Segro Capital Sarl (MTN) 2022/2026 ...........  | EUR | 530 000 | 530 000 |  | % | 93.115 | 493 509.50 | 0.35 |
| 3.50  % SES SA (MTN) 2022/2029 ..................  | EUR | 670 000 | 670 000 |  | % | 97.734 | 654 817.80 | 0.46 |
| 2.00  % Signify NV 2020/2024 ......................  | EUR | 260 000 |  |  | % | 98.423 | 255 899.80 | 0.18 |
| 0.75  % Skandinaviska Enskilda Banken AB (MTN) |  |  |  |  |  |  |  |  |
| 2022/2027 ...............................  | EUR | 670 000 | 670 000 |  | % | 88.849 | 595 288.30 | 0.42 |
| 1.75  % Skandinaviska Enskilda Banken AB (MTN) |  |  |  |  |  |  |  |  |
| 2022/2026 ...............................  | EUR | 750 000 | 750 000 |  | % | 97.113 | 728 347.50 | 0.51 |
| 1.00  % Societe Generale SA (MTN) 2020/2030 * .......  | EUR | 300 000 |  |  | % | 87.543 | 262 629.00 | 0.18 |
| 0.50  % Societe Generale SA (MTN) 2021/2029 * .......  | EUR | 900 000 | 100 000 |  | % | 82.435 | 741 915.00 | 0.52 |
| 4.00  % SSE PLC 2022/perpetual * ...................  | EUR | 590 000 | 590 000 |  | % | 86.594 | 510 904.60 | 0.36 |
| 2.50  % Standard Chartered PLC (MTN) 2020/2030 * ....  | EUR | 220 000 |  |  | % | 94.294 | 207 446.80 | 0.15 |
| 2.375 % Stedin Holding NV (MTN) 2022/2030 ..........  | EUR | 350 000 | 350 000 |  | % | 93.912 | 328 692.00 | 0.23 |
| 2.375 % Suez SACA (MTN) 2022/2030 ................  | EUR | 900 000 | 900 000 |  | % | 92.167 | 829 503.00 | 0.58 |
| 0.50  % Swiss Life Finance I Ltd (MTN) 2021/2031  .....  | EUR | 810 000 | 140 000 |  | % | 77.708 | 629 434.80 | 0.44 |
| 2.534 % Swiss Re Finance Luxembourg SA 2019/2050 * ..  | EUR | 200 000 |  |  | % | 85.889 | 171 778.00 | 0.12 |
| 2.714 % Swiss Re Finance UK PLC (MTN) 2020/2052 * ...  | EUR | 100 000 |  |  | % | 81.488 | 81 488.00 | 0.06 |
| 3.00  % Takeda Pharmaceutical Co., Ltd -Reg- 2018/2030 . | EUR | 500 000 |  |  | % | 97.8 | 489 000.00 | 0.34 |
| 2.00  % Takeda Pharmaceutical Co., Ltd 2020/2040 .....  | EUR | 500 000 | 160 000 | 660 000 | % | 75.86 | 379 300.00 | 0.27 |
| 1.125 % Tele2 AB (MTN) 2018/2024  .................  | EUR | 732 000 |  |  | % | 98.84 | 723 508.80 | 0.51 |
| 2.125 % Tele2 AB (MTN) 2018/2028  .................  | EUR | 500 000 | 170 000 | 920 000 | % | 96.255 | 481 275.00 | 0.34 |
| 3.75  % Teleperformance (MTN) 2022/2029 ...........  | EUR | 1 000 000 | 1 000 000 |  | % | 101.533 | 1 015 330.00 | 0.71 |
| 2.125 % Telia Co., AB (MTN) 2019/2034 ..............  | EUR | 220 000 |  |  | % | 89.671 | 197 276.20 | 0.14 |
| 2.125 % TenneT Holding BV (MTN) 2022/2029 .........  | EUR | 550 000 | 550 000 |  | % | 95.764 | 526 702.00 | 0.37 |
| 2.75  % TenneT Holding BV (MTN) 2022/2042 .........  | EUR | 300 000 | 580 000 | 280 000 | % | 89.452 | 268 356.00 | 0.19 |
| 0.125 % Terna - Rete Elettrica Nazionale (MTN) 2019/2025 . | EUR | 401 000 |  |  | % | 93.965 | 376 799.65 | 0.26 |
| 0.125 % Thermo Fisher Scientific, Inc. (MTN) 2019/2025 . | EUR | 160 000 |  |  | % | 95.18 | 152 288.00 | 0.11 |
| 1.50  % Thermo Fisher Scientific, Inc. (MTN) 2019/2039 . | EUR | 260 000 |  |  | % | 71.981 | 187 150.60 | 0.13 |
| 1.952 % Toronto-Dominion Bank/The (MTN) 2022/2030 ..  | EUR | 910 000 | 910 000 |  | % | 90.705 | 825 415.50 | 0.58 |
| 2.625 % TotalEnergies SE (MTN) 2015/perpetual * .......  | EUR | 210 000 |  |  | % | 93.382 | 196 102.20 | 0.14 |
| 1.75  % TotalEnergies SE (MTN) 2019/perpetual * .......  | EUR | 290 000 |  |  | % | 94.071 | 272 805.90 | 0.19 |
| 3.25  % TotalEnergies SE 2022/perpetual * ............  | EUR | 105 000 | 1 210 000 | 1 105 000 | % | 70.135 | 73 641.75 | 0.05 |
| 1.875 % Transurban Finance Co., Pty, Ltd (MTN) 2014/2024 | EUR | 200 000 |  |  | % | 99.587 | 199 174.00 | 0.14 |
| 1.45  % Transurban Finance Co., Pty, Ltd (MTN) 2019/2029 | EUR | 530 000 |  |  | % | 88.82 | 470 746.00 | 0.33 |
| 0.50  % UBS AG/London (MTN) 2021/2031 ............  | EUR | 730 000 |  |  | % | 79.405 | 579 656.50 | 0.41 |
| 0.875 % UBS Group AG (MTN) 2021/2031 .............  | EUR | 700 000 |  |  | % | 77.907 | 545 349.00 | 0.38 |
| 1.00  % UBS Group AG (MTN) 2022/2025 * ............  | EUR | 700 000 | 700 000 |  | % | 97.69 | 683 830.00 | 0.48 |
| 6.625 % UniCredit SpA 2017/perpetual * ..............  | EUR | 300 000 |  |  | % | 95.107 | 285 321.00 | 0.20 |
| 1.375 % UNIQA Insurance Group AG (MTN) 2020/2030 ..  | EUR | 300 000 |  |  | % | 85.215 | 255 645.00 | 0.18 |
| 2.25  % UPM-Kymmene Oyj (MTN) 2022/2029 .........  | EUR | 680 000 | 680 000 |  | % | 93.323 | 634 596.40 | 0.45 |
| 0.875 % Verizon Communications, Inc. (MTN) 2019/2027 ..  | EUR | 840 000 | 140 000 |  | % | 92.097 | 773 614.80 | 0.54 |
| 0.375 % Verizon Communications, Inc. (MTN) 2021/2029 ..  | EUR | 530 000 |  |  | % | 84.942 | 450 192.60 | 0.32 |
| 0.75  % Vesteda Finance BV (MTN) 2021/2031 .........  | EUR | 540 000 |  |  | % | 76.545 | 413 343.00 | 0.29 |
| 2.00  % Visa, Inc. (MTN) 2022/2029 ..................  | EUR | 670 000 | 670 000 |  | % | 96.453 | 646 235.10 | 0.45 |
| 2.375 % Visa, Inc. 2022/2034 .......................  | EUR | 530 000 | 530 000 |  | % | 94.014 | 498 274.20 | 0.35 |
| 1.00  % Viterra Finance BV (MTN) 2021/2028 ..........  | EUR | 780 000 | 140 000 |  | % | 80.709 | 629 530.20 | 0.44 |
| 1.60  % Vodafone Group PLC (MTN) 2016/2031 ........  | EUR | 200 000 |  |  | % | 87.776 | 175 552.00 | 0.12 |
| 3.10  % Vodafone Group PLC 2018/2079 * ............  | EUR | 400 000 | 400 000 |  | % | 95.738 | 382 952.00 | 0.27 |

| Security name | Count/ units/ currency | Quantity/ principal amount | Purchases/ additions in the | Sales/ disposals reporting period | Market price | Total market value in EUR | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 3.375 % Volkswagen Financial Services AG (MTN) 2020/2028 | EUR | 500 000 | 1 000 000 | 500 000 | % | 98.432 | 492 160.00 | 0.35 |
| 3.875 % Volkswagen International Finance NV 2020/perpetual * ..........................  | EUR | 400 000 | 100 000 | 700 000 | % | 83.203 | 332 812.00 | 0.23 |
| 0.875 % Volkswagen International Finance NV (MTN) 2020/2028 ...............................  | EUR | 900 000 | 100 000 |  | % | 85.17 | 766 530.00 | 0.54 |
| 3.125 % Volkswagen International Finance NV 2022/2025..  | EUR | 700 000 | 700 000 |  | % | 101.123 | 707 861.00 | 0.50 |
| 0.625 % Vonovia Finance BV (MTN) 2019/2027 .........  | EUR | 200 000 |  |  | % | 84.038 | 168 076.00 | 0.12 |
| 0.375 % Vonovia SE (MTN) 2021/2027 ................  | EUR | 500 000 |  |  | % | 84.165 | 420 825.00 | 0.30 |
| 3.625 % Webuild SpA (MTN) 2020/2027 ..............  | EUR | 100 000 |  |  | % | 83.156 | 83 156.00 | 0.06 |
| 5.875 % Webuild SpA (MTN) 2020/2025 ..............  | EUR | 200 000 |  |  | % | 91.623 | 183 246.00 | 0.13 |
| 1.375 % Wendel SE 2022/2034  .....................  2.875 % WEPA Hygieneprodukte GmbH -Reg- (MTN) 2019/2027 ...............................  | EUR EUR | 800 000 200 000 | 800 000 |  | % % | 67.012 76.898 | 536 096.00 153 796.00 | 0.38 0.11 |
| 0.427 % Westpac Securities NZ/London (MTN) 2021/2026 . | EUR | 430 000 |  |  | % | 90.366 | 388 573.80 | 0.27 |
| 2.125 % Wurth Finance International BV (MTN) 2022/2030 . | EUR | 730 000 | 730 000 |  | % | 93.909 | 685 535.70 | 0.48 |
| 1.164 % Zimmer Biomet Holdings, Inc. (MTN) 2019/2027 ..  | EUR | 851 000 | 140 000 |  | % | 87.71 | 746 412.10 | 0.52 |
| 2.02  % Zuercher Kantonalbank (MTN) 2022/2028 * .....  | EUR | 900 000 | 900 000 |  | % | 96.355 | 867 195.00 | 0.61 |
| 3.375 % Abertis Infraestructuras SA (MTN) 2019/2026 ...  | GBP | 400 000 | 400 000 |  | % | 94.44 | 441 085.92 | 0.31 |
| 1.50  % CaixaBank SA (MTN) 2021/2026 * .............  | GBP | 700 000 |  |  | % | 90.023 | 735 798.25 | 0.52 |
| 1.985 % Lloyds Banking Group Plc (MTN) 2021/2031 * ...  | GBP | 280 000 |  | 180 000 | % | 85.736 | 280 303.47 | 0.20 |
| 3.20  % AbbVie, Inc. (MTN) 2020/2029 ...............  | USD | 451 000 |  |  | % | 91.953 | 398 164.50 | 0.28 |
| 2.561 % Citigroup, Inc. 2021/2032 * ..................  2.45 % Daimler Finance North America LLC -Reg- (MTN) 2021/2031 ...............................  | USD USD | 980 000 1 010 000 |  |  | % % | 82.392 85.08 | 775 231.14 825 028.49 | 0.54 0.58 |
| 3.742 % Deutsche Bank AG/New York NY 2022/2033 * ...  8.75 % Deutsche Telekom International Finance BV 2000/2030 ...............................  | USD USD | 300 000 600 000 | 1 200 000 | 900 000 | % % | 74.051 123.685 | 213 290.87 712 505.75 | 0.15 0.50 |
| 2.65  % HP, Inc. (MTN) 2022/2031 ..................  | USD | 600 000 | 600 000 |  | % | 80.119 | 461 537.36 | 0.32 |
| 2.648 % Nomura Holdings, Inc. (MTN) 2020/2025 .......  2.65 % NXP BV Via NXP Funding LLC Via NXP USA, Inc. (MTN) 2022/2032 .........................  | USD USD | 500 000 560 000 | 560 000 |  | % % | 95.027 82.139 | 456 180.91 441 628.94 | 0.32 0.31 |
| 7.875 % Societe Generale SA -Reg- 2013/perpetual * ....  | USD | 500 000 |  |  | % | 98.358 | 472 171.51 | 0.33 |
| 7.375 % Societe Generale SA -Reg- 2018/perpetual * ....  | USD | 400 000 |  |  | % | 96.668 | 371 246.88 | 0.26 |
| 2.55  % Verizon Communications, Inc. (MTN) 2021/2031 ..  | USD | 800 000 |  |  | % | 85.763 | 658 733.94 | 0.46 |
| Securities admitted to or included in organized markets |  |  |  |  |  |  | 1 436 270.49 | 1.01 |
| Interest-bearing securities 2.55 % BMW US Capital LLC -144A- (MTN) 2021/2031 ..  | USD | 800 000 |  |  | % | 86.412 | 663 718.82 | 0.47 |
| 3.625 % GSK Consumer Healthcare Capital US LLC -144A- (MTN) 2022/2032 .........................  | USD | 560 000 | 560 000 |  | % | 92.333 | 496 438.05 | 0.35 |
| 2.691 % Stellantis Finance US, Inc. -144A- (MTN) 2021/2031 | USD | 360 000 |  |  | % | 79.885 | 276 113.62 | 0.19 |
| Investment fund units |  |  |  |  |  |  | 1 981 631.52 | 1.39 |
| In-group fund units DWS Invest SICAV - DWS Invest ESG Euro High Yield -XC- EUR - (0.200%) ................................  | Units | 22 077 | 22 077 |  | EUR | 89.76 | 1 981 631.52 | 1.39 |
| Total securities portfolio |  |  |  |  |  |  | 140 484 314.32 | 98.59 |
| Derivatives (Minus signs denote short positions) |  |  |  |  |  |  |  |  |
| Interest rate derivatives Receivables/payables |  |  |  |  |  |  | -77 079.67 | -0.05 |
| Interest rate futures Euro Buxl Futures 09/2022 (DB) .......................  | Count | -7 | 14 | 21 |  |  | -50 120.00 | -0.03 |
| Germany Federal Republic Notes 10 year 09/2022 (DB) .....  | Count | -9 | 15 | 24 |  |  | -46 980.00 | -0.03 |
| Germany Federal Republic Bonds 5 year 09/2022 (DB) .....  | Count | -69 | 46 | 115 |  |  | -125 760.00 | -0.09 |
| UK Treasury Notes 09/2022 (DB).......................  | Count | -5 |  | 5 |  |  | 25 279.30 | 0.02 |
| US Treasury Notes 10 year Futures 09/2022 (DB) ..........  | Count | -45 |  | 45 |  |  | 120 501.03 | 0.08 |
| Currency derivatives Receivables/payables |  |  |  |  |  |  | -135 883.22 | -0.10 |
| Forward currency transactions |  |  |  |  |  |  |  |  |
| Forward currency transactions (short) |  |  |  |  |  |  |  |  |
| Open positions EUR/GBP 1.3 million ................................  |  |  |  |  |  |  | -11 246.76 | -0.01 |
| EUR/USD 7.6 million ................................  |  |  |  |  |  |  | -124 636.46 | -0.09 |

| Count/ Security name	units/ | Quantity/ principal | Purchases/ additions | Sales/ disposals | Market price | Total market value in | % of net assets |
| --- | --- | --- | --- | --- | --- | --- |
|  | currency | amount | in the reporting period | EUR |  |
| Cash at bank |  |  |  | 1 608 200.82 | 1.13 |
| Demand deposits at Depositary EUR deposits......................................  | EUR |  |  | 1 608 200.82 | 1.13 |
| Other assets |  |  |  | 835 963.36 | 0.59 |
| Interest receivable .................................  |  |  |  | 812 465.21 | 0.57 |
| Receivables from exceeding the expense cap ............  |  |  |  | 21 857.98 | 0.02 |
| Other receivables ..................................  |  |  |  | 1 640.17 | 0.00 |
| Receivables from share certificate transactions |  |  |  | 86.58 | 0.00 |
| Total assets ** |  |  |  | 143 074 345.41 | 100.41 |
| Short-term liabilities |  |  |  | -138 331.56 | -0.10 |
| Loans in non-EU/EEA currencies |  |  |  |  |  |
| British pound .....................................  | GBP | -16 975 |  | -19 820.15 | -0.02 |
| U.S. dollar ........................................  | USD | -123 435 |  | -118 511.41 | -0.08 |
| Other liabilities |  |  |  | -75 482.95 | -0.05 |
| Additional other liabilities.............................  |  |  |  | -75 482.95 | -0.05 |
| Liabilities from share certificate transactions |  |  |  | -9 436.13 | -0.01 |
| Total liabilities |  |  |  | -581 993.86 | -0.41 |
| Net assets |  |  |  | 142 492 351.55 | 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 FC .........................................  | EUR | 86.89 |
| Class IC100 .......................................  | EUR | 87.14 |
| Class LC .........................................  | EUR | 86.08 |
| Class TFC.........................................  | EUR | 86.87 |
| Class XC .........................................  | EUR | 88.00 |
| Number of shares outstanding Class FC .........................................  | Count | 522.000 |
| Class IC100 .......................................  | Count | 1 026 267.000 |
| Class LC .........................................  | Count | 176.000 |
| Class TFC.........................................  | Count | 7 300.750 |
| Class XC .........................................  | Count | 595 158.000 |

Composition of the reference portfolio (according to CSSF circular 11/512) iBoxx EUR Corporates
Market risk exposure (value-at-risk) (according to CSSF circular 11/512)
| Lowest market risk exposure .........................  | % | 96.221 |
| --- | --- | --- |
| Highest market risk exposure .........................  | % | 115.233 |
| Average market risk exposure.........................  | % | 107.261 |

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 0.2, 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 22 546 457.48 as of the reporting date.
 Market abbreviations	 Futures exchanges
DB = Deutsche Bank AG Frankfurt
Contracting parties for forward currency transactions
Deutsche Bank AG and State Street Bank International GmbH.
 Exchange rates (indirect quotes)	
As of June 30, 2022
| British pound	GBP | 0.856432 | = EUR | 1 |
| --- | --- | --- | --- |
| U.S. dollar	USD | 1.041549 | = 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.
The management fee / all-in fee rates in effect as of the reporting date for the investment fund units held in the securities portfolio are shown in parentheses. A plus sign means that a performance-based fee may also be charged. As the investment fund held units of other investment funds (target funds) in the reporting period, further costs, charges and fees may have been incurred at the level of these individual target funds.
 Footnotes	
* Floating interest rate.
** Does not include positions with a negative balance, if such exist.

Translation (ENDE, 2022-06-30):
# DWS Invest ESG Euro Corporate Bonds
DWS INVEST ESG EURO CORPORATE BONDS

### Wertentwicklung der Anteilklassen vs. Vergleichsindex (in EUR)
| Anteilklasse | ISIN | 6 Monate |
| --- | --- | --- |
| Klasse LC | LU2001241897 | -13,8% |
| Klasse FC | LU2001241384 | -13,7% |
| Klasse IC100 | LU2233196539 | -13,5% |
| Klasse TFC | LU2001242275 | -13,7% |
| Klasse XC | LU2001182430 | -13,5% |
| iBoxx € Corporate |  | -12,4% |

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 Euro Corporate Bonds
| Vermögensübersicht zum 30.6.2022 |  |
| --- | --- |
|  | Bestand in EUR | %-Anteil am Fondsvermögen |
| I. Vermögensgegenstände |  |  |
| 1. Anleihen (Emittenten) Unternehmen | 138 012 840,90 | 96,86 |
| Zentralregierungen | 489 841,90 | 0,34 |
| Summe Anleihen | 138 502 682,80 | 97,20 |
| 2. Investmentanteile Rentenfonds | 1 981 631,52 | 1,39 |
| Summe Investmentanteile | 1 981 631,52 | 1,39 |
| 3. Derivate | -212 962,89 | -0,15 |
| 4. Bankguthaben | 1 608 200,82 | 1,13 |
| 5. Sonstige Vermögensgegenstände | 835 963,36 | 0,59 |
| 6. Forderungen aus Anteilscheingeschäften | 86,58 | 0,00 |
| II. Verbindlichkeiten |  |  |
| 1. Kurzfristige Verbindlichkeiten | -138 331,56 | -0,10 |
| 2. Sonstige Verbindlichkeiten | -75 482,95 | -0,05 |
| 3. Verbindlichkeiten aus Anteilscheingeschäften | -9 436,13 | -0,01 |
| III. Fondsvermögen | 142 492 351,55 | 100,00 |
| Durch Rundung der Prozentanteile bei der Berechnung können geringfügige Rundungsdifferenzen entstanden sein. |  |  |

| Vermögensaufstellung zum 30.6.2022 |  |
| --- | --- |
|  | Stück bzw. | Nominalbetrag | Käufe/ | Verkäufe/ | Währung | Kurs | Kurswert | %-Anteil am |
| Wertpapierbezeichnung | Anteile bzw. | bzw. | Zugänge | Abgänge |  |  | in | Fonds- |
| Währung	Bestand	im Berichtszeitraum	EUR	vermögen |

Börsengehandelte Wertpapiere	137 066 412,31	96,19
Verzinsliche Wertpapiere
| 1,50 | % A2A SpA (MTN) 2022/2028  ................  | EUR | 230 000 | 470 000 | 240 000 | % | 89,67 | 206 241,00 | 0,14 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 7,125 | % ABN AMRO Bank NV (MTN) 2012/2022  ......  | EUR | 220 000 |  |  | % | 100,009 | 220 019,80 | 0,15 |
| 0,60 | % ABN AMRO Bank NV (MTN) 2020/2027  ......  | EUR | 500 000 |  |  | % | 89,766 | 448 830,00 | 0,31 |
| 0,50 | % ABN AMRO Bank NV (MTN) 2021/2029  ......  | EUR | 600 000 |  |  | % | 80,897 | 485 382,00 | 0,34 |
| 2,125 | % Aeroports de Paris 2018/2038 ..............  | EUR | 400 000 | 100 000 | 500 000 | % | 75,833 | 303 332,00 | 0,21 |
| 0,88 | % AIA GROUP LTD 2021/2033 * ..............  | EUR | 460 000 |  |  | % | 81,545 | 375 107,00 | 0,26 |
| 1,25 | % AIB Group PLC (MTN) 2019/2024  ...........  | EUR | 1 140 000 | 160 000 |  | % | 97,513 | 1 111 648,20 | 0,78 |
| 1,00 | % Akelius Residential Property Financing BV (MTN) |  |  |  |  |  |  |  |  |
|  | 2020/2028  .............................  | EUR | 240 000 |  |  | % | 83,99 | 201 576,00 | 0,14 |
| 1,375 | % Alfa Laval Treasury International AB (MTN) |  |  |  |  |  |  |  |  |
|  | 2022/2029  .............................  | EUR | 570 000 | 1 200 000 | 630 000 | % | 84,258 | 480 270,60 | 0,34 |
| 1,625 | % Alliander NV 2018/perpetual * ..............  | EUR | 250 000 |  |  | % | 88,876 | 222 190,00 | 0,16 |
| 2,60 | % Allianz SE 2021/perpetual * ................  | EUR | 400 000 |  |  | % | 68,932 | 275 728,00 | 0,19 |
| 4,252 | % Allianz SE (MTN) 2022/2052 * ..............  | EUR | 400 000 | 400 000 |  | % | 95,783 | 383 132,00 | 0,27 |
| 1,125 | % Amcor UK Finance PLC (MTN) 2020/2027  ....  | EUR | 800 000 | 160 000 | 385 000 | % | 89,736 | 717 888,00 | 0,50 |
| 1,95 | % American Honda Finance Corp. 2020/2024 ....  | EUR | 240 000 |  |  | % | 100,046 | 240 110,40 | 0,17 |
| 1,625 | % American Medical Systems Europe BV (MTN) |  |  |  |  |  |  |  |  |
|  | 2022/2031  .............................  | EUR | 770 000 | 770 000 |  | % | 86,738 | 667 882,60 | 0,47 |
| 0,875 | % American Tower Corp. (MTN) 2021/2029  .....  | EUR | 500 000 | 190 000 | 1 030 000 | % | 81,439 | 407 195,00 | 0,29 |
| 0,95 | % American Tower Corp. (MTN) 2021/2030  .....  | EUR | 580 000 |  |  | % | 78,269 | 453 960,20 | 0,32 |
| 0,625 | % Amprion GmbH (MTN) 2021/2033 ...........  | EUR | 1 100 000 | 100 000 |  | % | 70,01 | 770 110,00 | 0,54 |
| 3,70 | % Anheuser-Busch InBev SA (MTN) 2020/2040  ..  | EUR | 190 000 |  |  | % | 95,826 | 182 069,40 | 0,13 |
| 0,20 | % ANZ New Zealand Int‘l Ltd (MTN) 2021/2027  ..  | EUR | 780 000 | 140 000 |  | % | 86,304 | 673 171,20 | 0,47 |
| 0,75 | % AP Moller - Maersk A/S (MTN) 2021/2031  ....  | EUR | 170 000 |  |  | % | 79,858 | 135 758,60 | 0,10 |
| 2,75 | % Arkema SA (MTN) 2019/perpetual * ..........  | EUR | 200 000 |  |  | % | 94,679 | 189 358,00 | 0,13 |
| 0,375 | % Aroundtown SA (MTN) 2021/2027  ..........  | EUR | 1 100 000 | 100 000 |  | % | 78,089 | 858 979,00 | 0,60 |
| 0,155 | % Asahi Group Holdings Ltd 2020/2024  ........  | EUR | 841 000 | 140 000 |  | % | 95,62 | 804 164,20 | 0,56 |
| 0,75 | % Ascendas Real Estate Investment Trust (MTN) |  |  |  |  |  |  |  |  |
|  | 2021/2028  .............................  | EUR | 980 000 | 150 000 |  | % | 80,369 | 787 616,20 | 0,55 |
| 0,625 | % ASML Holding NV (MTN) 2020/2029 .........  | EUR | 300 000 | 200 000 |  | % | 87,601 | 262 803,00 | 0,18 |
| 2,429 | % Assicurazioni Generali SpA (MTN) 2020/2031 ..  | EUR | 110 000 |  |  | % | 78,709 | 86 579,90 | 0,06 |
| 1,00 | % ASTM SpA (MTN) 2021/2026  ..............  | EUR | 390 000 |  |  | % | 87,864 | 342 669,60 | 0,24 |
| 1,50 | % ASTM SpA (MTN) 2021/2030  ..............  | EUR | 590 000 |  |  | % | 77,2 | 455 480,00 | 0,32 |
| 3,55 | % AT&T, Inc. 2012/2032  ....................  | EUR | 100 000 |  |  | % | 100,848 | 100 848,00 | 0,07 |
| 3,375 | % AT&T, Inc. 2014/2034  ....................  | EUR | 200 000 |  |  | % | 96,387 | 192 774,00 | 0,14 |
| 3,15 | % AT&T, Inc. 2017/2036  ....................  | EUR | 851 000 | 140 000 |  | % | 92,025 | 783 132,75 | 0,55 |
| 1,80 | % AT&T, Inc. 2019/2039  ....................  | EUR | 220 000 |  |  | % | 73,495 | 161 689,00 | 0,11 |
| 2,875 | % AT&T, Inc. 2020/perpetual * ................  | EUR | 400 000 | 400 000 |  | % | 87,672 | 350 688,00 | 0,25 |
| 2,05 | % AT&T, Inc. 2020/2032  ....................  | EUR | 170 000 |  |  | % | 90,053 | 153 090,10 | 0,11 |
| 1,625 | % AusNet Services Holdings (MTN) 2021/2081 *  . | EUR | 190 000 |  |  | % | 76,07 | 144 533,00 | 0,10 |
| 0,625 | % AusNet Services Holdings Pty Ltd (MTN) 2020/2030 | EUR | 170 000 | 170 000 | 500 000 | % | 77,101 | 131 071,70 | 0,09 |
| 1,25 | % Avery Dennison Corp. (MTN) 2017/2025 ......  | EUR | 250 000 | 250 000 |  | % | 96,186 | 240 465,00 | 0,17 |
| 3,375 | % Aviva PLC (MTN) 2015/2045 * ..............  | EUR | 765 000 | 140 000 |  | % | 97,998 | 749 684,70 | 0,53 |
| 3,875 | % AXA SA (MTN) 2014/perpetual * ............  | EUR | 359 000 |  |  | % | 97,617 | 350 445,03 | 0,25 |
| 0,875 | % Banco Bilbao Vizcaya Argentaria SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2022/2029 * ............................  | EUR | 1 000 000 | 1 000 000 |  | % | 84,505 | 845 050,00 | 0,59 |
| 2,00 | % Banco de Sabadell SA (MTN) 2020/2030 *  ....  | EUR | 300 000 |  |  | % | 87,545 | 262 635,00 | 0,18 |
| 1,125 | % Banco de Sabadell SA (MTN) 2020/2027 *  ....  | EUR | 200 000 |  |  | % | 91,645 | 183 290,00 | 0,13 |
| 0,625 | % Banco Santander SA (MTN) 2021/2029 * ......  | EUR | 1 000 000 | 1 000 000 |  | % | 83,949 | 839 490,00 | 0,59 |
| 0,375 | % Bank of Ireland Group PLC (MTN) 2021/2027 * . | EUR | 460 000 |  |  | % | 87,628 | 403 088,80 | 0,28 |
| 1,875 | % Bank of Ireland Group PLC (MTN) 2022/2026 * . | EUR | 780 000 | 780 000 |  | % | 95,189 | 742 474,20 | 0,52 |
| 0,75 | % Bankia SA (MTN) 2019/2026  ...............  | EUR | 600 000 | 100 000 | 500 000 | % | 91,137 | 546 822,00 | 0,38 |
| 0,625 | % Bankinter SA (MTN) 2020/2027 .............  | EUR | 500 000 |  |  | % | 85,255 | 426 275,00 | 0,30 |
| 3,00 | % Banque Federative du Credit Mutuel SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2015/2025  .............................  | EUR | 200 000 |  |  | % | 98,901 | 197 802,00 | 0,14 |
| 1,75 | % Banque Federative du Credit Mutuel SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2019/2029  .............................  | EUR | 200 000 |  |  | % | 89,267 | 178 534,00 | 0,13 |
| 0,10 | % Banque Federative du Credit Mutuel SA (MTN) |  |  |  |  |  |  |  |  |
|  | 2020/2027  .............................  | EUR | 400 000 |  |  | % | 87,335 | 349 340,00 | 0,25 |
| 1,375 | % Barclays PLC (MTN) 2018/2026 * ............  | EUR | 500 000 |  |  | % | 95,214 | 476 070,00 | 0,33 |
| 0,75 | % Barclays PLC (MTN) 2019/2025 * ............  | EUR | 100 000 |  |  | % | 95,919 | 95 919,00 | 0,07 |
| 1,125 | % Barclays PLC (MTN) 2021/2031 * ............  | EUR | 400 000 |  |  | % | 87,054 | 348 216,00 | 0,24 |
| 0,375 | % Belfius Bank SA (MTN) 2020/2025  ..........  | EUR | 900 000 | 200 000 | 500 000 | % | 92,631 | 833 679,00 | 0,58 |
| 0,125 | % Belfius Bank SA (MTN) 2021/2028  ..........  | EUR | 300 000 |  |  | % | 85,654 | 256 962,00 | 0,18 |
| 0,75 | % BMW Finance NV (MTN) 2017/2024  .........  | EUR | 300 000 |  |  | % | 98,17 | 294 510,00 | 0,21 |
| 2,50 | % BNP Paribas (MTN) 2022/2032 * ............  | EUR | 500 000 | 500 000 |  | % | 91,054 | 455 270,00 | 0,32 |
| 0,50 | % BNP Paribas SA (MTN) 2020/2028 *  .........  | EUR | 900 000 | 100 000 | 200 000 | % | 85,568 | 770 112,00 | 0,54 |
| 2,10 | % BNP Paribas SA (MTN) 2022/2032  ..........  | EUR | 600 000 | 600 000 |  | % | 85,523 | 513 138,00 | 0,36 |
| 0,10 | % Booking Holdings, Inc. 2021/2025 ...........  | EUR | 510 000 |  |  | % | 94,348 | 481 174,80 | 0,34 |
| 0,50 | % Booking Holdings, Inc. (MTN) 2021/2028  .....  | EUR | 450 000 |  |  | % | 87,762 | 394 929,00 | 0,28 |
| 0,625 | % Boston Scientific Corp. (MTN) 2019/2027 .....  | EUR | 400 000 | 200 000 |  | % | 88,207 | 352 828,00 | 0,25 |
| 3,25 | % Bouygues SA 2022/2037  ..................  | EUR | 900 000 | 900 000 |  | % | 91,599 | 824 391,00 | 0,58 |
| 0,50 | % BPCE SA (MTN) 2019/2027  ................  | EUR | 300 000 |  |  | % | 88,117 | 264 351,00 | 0,19 |
| 0,25 | % BPCE SA (MTN) 2021/2031  ................  | EUR | 500 000 |  |  | % | 77,167 | 385 835,00 | 0,27 |
| 1,50 | % BPCE SA 2021/2042 *  ....................  | EUR | 200 000 |  | 400 000 | % | 85,895 | 171 790,00 | 0,12 |
| 2,125 | % British Telecommunications PLC (MTN) 2018/2028 | EUR | 100 000 | 100 000 |  | % | 94,632 | 94 632,00 | 0,07 |

| Wertpapierbezeichnung | Stück bzw. Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Währung	Bestand	im Berichtszeitraum	EUR	vermögen |
| 0,50 | % British Telecommunications PLC (MTN) 2019/2025 | EUR | 990 000 | 150 000 |  | % | 94,028 | 930 877,20 | 0,65 |
| 1,125 | % British Telecommunications PLC (MTN) 2019/2029 | EUR | 180 000 | 180 000 |  | % | 87,259 | 157 066,20 | 0,11 |
| 6,375 | % Caisse Nationale de Reassurance Mutuelle |  |  |  |  |  |  |  |  |
|  | Agricole Groupama 2014/perpetual * .........  | EUR | 700 000 | 100 000 | 400 000 | % | 101,054 | 707 378,00 | 0,50 |
| 0,75 | % Caisse Nationale de Reassurance Mutuelle |  |  |  |  |  |  |  |  |
|  | Agricole Groupama (MTN) 2021/2028 ........  | EUR | 300 000 | 100 000 | 900 000 | % | 81,269 | 243 807,00 | 0,17 |
| 1,125 | % CaixaBank SA (MTN) 2017/2024  ............  | EUR | 200 000 |  |  | % | 98,359 | 196 718,00 | 0,14 |
| 0,875 | % CaixaBank SA (MTN) 2019/2024  ............  | EUR | 300 000 |  |  | % | 98,236 | 294 708,00 | 0,21 |
| 0,375 | % CaixaBank SA (MTN) 2020/2025  ............  | EUR | 300 000 | 300 000 |  | % | 94,719 | 284 157,00 | 0,20 |
| 0,75 | % CaixaBank SA (MTN) 2020/2026 * ...........  | EUR | 800 000 | 100 000 |  | % | 93,802 | 750 416,00 | 0,53 |
| 1,625 | % Capgemini SE (MTN) 2020/2026  ............  | EUR | 200 000 |  |  | % | 96,769 | 193 538,00 | 0,14 |
| 0,80 | % Capital One Financial Corp. (MTN) 2019/2024  . | EUR | 851 000 | 140 000 |  | % | 96,383 | 820 219,33 | 0,58 |
| 5,875 | % Centurion Bidco SpA -Reg- (MTN) 2020/2026 ..  | EUR | 350 000 |  | 361 000 | % | 88,477 | 309 669,50 | 0,22 |
| 0,875 | % Chorus Ltd (MTN) 2019/2026  ..............  | EUR | 1 123 000 | 160 000 |  | % | 91,652 | 1 029 251,96 | 0,72 |
| 1,25 | % Citigroup, Inc. (MTN) 2020/2026 * ...........  | EUR | 569 000 |  |  | % | 95,274 | 542 109,06 | 0,38 |
| 0,125 | % Coca-Cola Co. (MTN) 2020/2029  ............  | EUR | 400 000 | 400 000 |  | % | 84,135 | 336 540,00 | 0,24 |
| 1,125 | % Coca-Cola Europacific Partners PLC (MTN) |  |  |  |  |  |  |  |  |
|  | 2019/2029  .............................  | EUR | 100 000 |  |  | % | 87,475 | 87 475,00 | 0,06 |
| 1,00 | % Cofinimmo SA (MTN) 2022/2028  ...........  | EUR | 1 000 000 | 1 000 000 |  | % | 84,341 | 843 410,00 | 0,59 |
| 2,25 | % Coloplast Finance BV (MTN) 2022/2027  ......  | EUR | 326 000 | 326 000 |  | % | 97,358 | 317 387,08 | 0,22 |
| 2,75 | % Coloplast Finance BV (MTN) 2022/2030  ......  | EUR | 309 000 | 309 000 |  | % | 97,034 | 299 835,06 | 0,21 |
| 1,375 | % Commerzbank AG (MTN) 2021/2031 *  .......  | EUR | 400 000 |  | 400 000 | % | 82,01 | 328 040,00 | 0,23 |
| 3,00 | % Commerzbank AG (MTN) 2022/2027 *  .......  | EUR | 500 000 | 500 000 |  | % | 97,679 | 488 395,00 | 0,34 |
| 2,125 | % Conti-Gummi Finance BV (MTN) 2020/2023  ...  | EUR | 300 000 |  |  | % | 100,239 | 300 717,00 | 0,21 |
| 4,25 | % Credit Agricole Assurances SA 2015/perpetual * | EUR | 100 000 |  |  | % | 97,533 | 97 533,00 | 0,07 |
| 1,375 | % Credit Agricole SA (MTN) 2018/2025  ........  | EUR | 200 000 |  |  | % | 96,761 | 193 522,00 | 0,14 |
| 1,00 | % Credit Agricole SA (MTN) 2020/2026 *  .......  | EUR | 500 000 |  |  | % | 94,921 | 474 605,00 | 0,33 |
| 1,625 | % Credit Agricole SA (MTN) 2020/2030 *  .......  | EUR | 300 000 |  |  | % | 93,385 | 280 155,00 | 0,20 |
| 1,875 | % Credit Agricole SA (MTN) 2022/2027 *  .......  | EUR | 700 000 | 700 000 |  | % | 95,558 | 668 906,00 | 0,47 |
| 1,25 | % Credit Mutuel Arkea SA (MTN) 2020/2029 * ...  | EUR | 300 000 |  |  | % | 88,302 | 264 906,00 | 0,19 |
| 0,25 | % Credit Suisse AG/London (MTN) 2021/2026  ...  | EUR | 440 000 |  |  | % | 89,708 | 394 715,20 | 0,28 |
| 2,125 | % Credit Suisse AG/London (MTN) 2022/2024  ...  | EUR | 880 000 | 880 000 |  | % | 99,275 | 873 620,00 | 0,61 |
| 0,65 | % Credit Suisse Group AG (MTN) 2019/2029  ....  | EUR | 220 000 |  |  | % | 75,488 | 166 073,60 | 0,12 |
| 2,125 | % Credit Suisse Group AG 2022/2026 * .........  | EUR | 740 000 | 740 000 |  | % | 93,312 | 690 508,80 | 0,48 |
| 2,875 | % Credit Suisse Group AG (MTN) 2022/2032 * ...  | EUR | 340 000 | 340 000 |  | % | 84,195 | 286 263,00 | 0,20 |
| 1,25 | % CRH SMW Finance DAC (MTN) 2020/2026  ...  | EUR | 140 000 |  |  | % | 93,7 | 131 180,00 | 0,09 |
| 1,00 | % Czech Gas Networks Investments Sarl (MTN) |  |  |  |  |  |  |  |  |
|  | 2020/2027  .............................  | EUR | 300 000 |  |  | % | 79,691 | 239 073,00 | 0,17 |
| 0,875 | % Czech Gas Networks Investments Sarl (MTN) |  |  |  |  |  |  |  |  |
|  | 2021/2031  .............................  | EUR | 430 000 |  |  | % | 63,239 | 271 927,70 | 0,19 |
| 0,375 | % Danfoss Finance I BV (MTN) 2021/2028  ......  | EUR | 480 000 |  |  | % | 85,425 | 410 040,00 | 0,29 |
| 1,375 | % Deutsche Bank AG (MTN) 2020/2026 * .......  | EUR | 200 000 |  |  | % | 96,895 | 193 790,00 | 0,14 |
| 0,75 | % Deutsche Bank AG (MTN) 2021/2027 * .......  | EUR | 500 000 |  |  | % | 88,53 | 442 650,00 | 0,31 |
| 3,25 | % Deutsche Bank AG (MTN) 2022/2028 * .......  | EUR | 300 000 | 300 000 |  | % | 95,63 | 286 890,00 | 0,20 |
| 1,25 | % Deutsche Boerse AG 2020/2047 * ...........  | EUR | 200 000 |  |  | % | 84,352 | 168 704,00 | 0,12 |
| 0,25 | % Deutsche Pfandbriefbank AG (MTN) 2021/2025 | EUR | 500 000 |  |  | % | 90,519 | 452 595,00 | 0,32 |
| 0,45 | % DH Europe Finance II Sarl (MTN) 2019/2028  ..  | EUR | 379 000 |  |  | % | 87,843 | 332 924,97 | 0,23 |
| 0,75 | % DH Europe Finance II Sarl 2019/2031  ........  | EUR | 851 000 | 140 000 |  | % | 80,897 | 688 433,47 | 0,48 |
| 1,50 | % Diageo Capital BV (MTN) 2022/2029 .........  | EUR | 530 000 | 530 000 |  | % | 92,423 | 489 841,90 | 0,34 |
| 1,875 | % Diageo Capital BV 2022/2034  ..............  | EUR | 560 000 | 560 000 |  | % | 87,644 | 490 806,40 | 0,34 |
| 1,00 | % Diageo Finance PLC (MTN) 2018/2025  .......  | EUR | 300 000 |  |  | % | 97,345 | 292 035,00 | 0,20 |
| 1,50 | % Digital Dutch Finco BV (MTN) 2020/2030  .....  | EUR | 150 000 |  |  | % | 81,154 | 121 731,00 | 0,09 |
| 1,00 | % Digital Dutch Finco BV 2020/2032 ...........  | EUR | 445 000 |  |  | % | 71,3 | 317 285,00 | 0,22 |
| 2,50 | % Digital Euro Finco LLC (MTN) 2019/2026  .....  | EUR | 300 000 |  |  | % | 96,343 | 289 029,00 | 0,20 |
| 2,25 | % DS Smith PLC (MTN) 2015/2022 ............  | EUR | 359 000 |  |  | % | 100,15 | 359 538,50 | 0,25 |
| 0,45 | % DXC Capital Funding DAC -Reg- (MTN) 2021/2027 | EUR | 980 000 | 150 000 |  | % | 83,94 | 822 612,00 | 0,58 |
| 1,75 | % DXC Technology Co. (MTN) 2018/2026 .......  | EUR | 935 000 | 150 000 |  | % | 94,253 | 881 265,55 | 0,62 |
| 0,75 | % E.ON SE (MTN) 2020/2028  ................  | EUR | 340 000 | 40 000 |  | % | 88,82 | 301 988,00 | 0,21 |
| 1,625 | % E.ON SE (MTN) 2022/2031  ................  | EUR | 360 000 | 360 000 |  | % | 87,61 | 315 396,00 | 0,22 |
| 1,875 | % EDP Finance BV (MTN) 2022/2029  ..........  | EUR | 500 000 | 500 000 |  | % | 91,029 | 455 145,00 | 0,32 |
| 0,375 | % Elenia Verkko Oyj (MTN) 2020/2027  .........  | EUR | 242 000 |  |  | % | 89,02 | 215 428,40 | 0,15 |
| 1,375 | % Eli Lilly & Co. 2021/2061  ..................  | EUR | 870 000 | 140 000 |  | % | 55,688 | 484 485,60 | 0,34 |
| 4,125 | % Elis SA (MTN) 2022/2027  .................  | EUR | 200 000 | 200 000 |  | % | 95,223 | 190 446,00 | 0,13 |
| 4,50 | % ELM BV for Swiss Life Insurance & Pension Group |  |  |  |  |  |  |  |  |
|  | (MTN) 2016/perpetual * ...................  | EUR | 300 000 |  |  | % | 96,745 | 290 235,00 | 0,20 |
| 2,375 | % ELO SACA (MTN) 2019/2025  ..............  | EUR | 200 000 |  |  | % | 96,493 | 192 986,00 | 0,14 |
| 1,625 | % EnBW Energie Baden-Wuerttemberg AG |  |  |  |  |  |  |  |  |
|  | 2019/2079 * ............................  | EUR | 1 000 000 |  |  | % | 78,382 | 783 820,00 | 0,55 |
| 0,375 | % Enel Finance International NV (MTN) 2019/2027 | EUR | 349 000 |  |  | % | 88,685 | 309 510,65 | 0,22 |
| 0,875 | % Enel Finance International NV (MTN) 2021/2036 | EUR | 430 000 |  |  | % | 65,506 | 281 675,80 | 0,20 |
| 0,875 | % Enel Finance International NV (MTN) 2022/2031 | EUR | 520 000 | 520 000 |  | % | 79,535 | 413 582,00 | 0,29 |
| 1,875 | % Engie SA 2021/perpetual * .................  | EUR | 500 000 | 200 000 | 1 000 000 | % | 69,283 | 346 415,00 | 0,24 |
| 1,00 | % Engie SA (MTN) 2021/2036 ................  | EUR | 800 000 | 100 000 |  | % | 67,75 | 542 000,00 | 0,38 |
| 2,625 | % Eni SpA 2020/perpetual * ..................  | EUR | 1 000 000 | 1 000 000 |  | % | 89,379 | 893 790,00 | 0,63 |
| 2,045 | % EP Infrastructure AS (MTN) 2019/2028 .......  | EUR | 600 000 | 600 000 |  | % | 67,292 | 403 752,00 | 0,28 |
| 0,875 | % EQT AB (MTN) 2021/2031 .................  | EUR | 950 000 | 150 000 |  | % | 73,179 | 695 200,50 | 0,49 |
| 0,25 | % Equinix, Inc. (MTN) 2021/2027  .............  | EUR | 530 000 |  |  | % | 86,542 | 458 672,60 | 0,32 |
| 1,625 | % Erste Group Bank AG (MTN) 2020/2031 * .....  | EUR | 200 000 |  |  | % | 89,465 | 178 930,00 | 0,13 |
| 0,875 | % Erste Group Bank AG (MTN) 2021/2032 * .....  | EUR | 400 000 |  |  | % | 82,125 | 328 500,00 | 0,23 |
| 1,50 | % Erste Group Bank AG (MTN) 2022/2026  ......  | EUR | 700 000 | 700 000 |  | % | 95,533 | 668 731,00 | 0,47 |
| 4,00 | % Erste Group Bank AG (MTN) 2022/2033 * .....  | EUR | 300 000 | 300 000 |  | % | 95,281 | 285 843,00 | 0,20 |
| 0,875 | % Eurofins Scientific SE (MTN) 2021/2031  ......  | EUR | 600 000 | 150 000 | 370 000 | % | 75,225 | 451 350,00 | 0,32 |
| 1,50 | % Eurogrid GmbH (MTN) 2016/2028 ...........  | EUR | 100 000 |  |  | % | 92,604 | 92 604,00 | 0,06 |

| Wertpapierbezeichnung | Stück bzw. Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Währung	Bestand	im Berichtszeitraum	EUR	vermögen |
| 1,56 | % Experian Europe DAC (MTN) 2022/2031 ......  | EUR | 340 000 | 340 000 |  | % | 85,909 | 292 090,60 | 0,20 |
| 1,375 | % Experian Finance PLC (MTN) 2017/2026 ......  | EUR | 579 000 |  |  | % | 96,002 | 555 851,58 | 0,39 |
| 0,54 | % Ferrovial Emisiones SA (MTN) 2020/2028 .....  | EUR | 500 000 |  |  | % | 84,157 | 420 785,00 | 0,30 |
| 1,00 | % Fomento Economico Mexicano SAB de CV 2021/2033  .............................  | EUR | 500 000 | 190 000 | 1 090 000 | % | 72,029 | 360 145,00 | 0,25 |
| 1,514 | % Ford Motor Credit Co., LLC 2019/2023  .......  | EUR | 100 000 |  |  | % | 98,71 | 98 710,00 | 0,07 |
| 1,875 | % Fresenius SE & Co., KGaA (MTN) 2022/2025  ..  | EUR | 340 000 | 340 000 |  | % | 97,35 | 330 990,00 | 0,23 |
| 0,125 | % General Mills, Inc. 2021/2025  ..............  | EUR | 530 000 |  |  | % | 92,636 | 490 970,80 | 0,34 |
| 0,875 | % Goldman Sachs Group, Inc. (MTN) 2020/2030  . | EUR | 400 000 | 50 000 |  | % | 81,618 | 326 472,00 | 0,23 |
| 0,25 | % Goldman Sachs Group, Inc. (MTN) 2021/2028  . | EUR | 1 140 000 | 140 000 |  | % | 83,788 | 955 183,20 | 0,67 |
| 1,375 | % Goodman Australia Finance Pty Ltd -Reg- (MTN) |  |  |  |  |  |  |  |  |
| 2017/2025	EUR | 869 000 | 140 000 |  | % | 93,976 | 816 651,44 | 0,57 |
| 2022/2026	EUR | 570 000 | 570 000 |  | % | 95,957 | 546 954,90 | 0,38 |
| 1,75 | % GSK Consumer Healthcare Capital NL, BV (MTN) 2022/2030  .............................  | EUR | 460 000 | 460 000 |  | % | 91,351 | 420 214,60 | 0,29 |
| 0,50 | % Hamburg Commercial Bank AG (MTN) 2021/2026 * | EUR | 900 000 | 100 000 |  | % | 90,082 | 810 738,00 | 0,57 |
| 1,375 | % Hannover Rueck SE 2021/2042 * ............  | EUR | 500 000 |  |  | % | 75,344 | 376 720,00 | 0,26 |
| 3,875 | % Harley-Davidson Financial Services, Inc. 2020/2023 | EUR | 300 000 |  |  | % | 100,904 | 302 712,00 | 0,21 |
| 1,375 | % Heimstaden Bostad Treasury BV (MTN) 2020/2027 | EUR | 369 000 |  |  | % | 82,209 | 303 351,21 | 0,21 |
| 0,25 | % Heimstaden Bostad Treasury BV (MTN) 2021/2024 | EUR | 940 000 | 200 000 | 700 000 | % | 91,131 | 856 631,40 | 0,60 |
| 0,318 | % Highland Holdings Sarl (MTN) 2021/2026  .....  | EUR | 260 000 |  | 330 000 | % | 89,385 | 232 401,00 | 0,16 |
| 0,625 | % Holding d‘Infrastructures de Transport SASU (MTN) 2021/2028  .............................  | EUR | 300 000 |  |  | % | 82,887 | 248 661,00 | 0,17 |
| 3,25 | % Iberdrola International BV 2019/perpetual * ....  | EUR | 100 000 |  |  | % | 95,59 | 95 590,00 | 0,07 |
| 2,50 | % ING Groep NV (MTN) 2017/2029 * ...........  | EUR | 400 000 |  |  | % | 98,32 | 393 280,00 | 0,28 |
| 0,10 | % ING Groep NV (MTN) 2019/2025 * ...........  | EUR | 500 000 |  |  | % | 94,334 | 471 670,00 | 0,33 |
| 2,125 | % ING Groep NV (MTN) 2020/2031 * ...........  | EUR | 200 000 |  |  | % | 92,231 | 184 462,00 | 0,13 |
| 0,125 | % ING Groep NV 2021/2025 * ................  | EUR | 800 000 | 100 000 |  | % | 93,629 | 749 032,00 | 0,53 |
| 0,875 | % International Business Machines Corp. (MTN) 2019/2025  .............................  | EUR | 390 000 |  |  | % | 97,037 | 378 444,30 | 0,27 |
| 1,25 | % International Business Machines Corp. (MTN) 2022/2034  .............................  | EUR | 840 000 | 840 000 |  | % | 81,371 | 683 516,40 | 0,48 |
| 3,375 | % Intertrust Group BV -Reg- (MTN) 2018/2025 ...  | EUR | 411 000 |  |  | % | 95,261 | 391 522,71 | 0,27 |
| 1,00 | % Intesa Sanpaolo SpA (MTN) 2019/2026 .......  | EUR | 230 000 |  |  | % | 90,004 | 207 009,20 | 0,15 |
| 6,375 | % Intesa Sanpaolo SpA 2022/perpetual * ........  | EUR | 370 000 | 670 000 | 300 000 | % | 84,684 | 313 330,80 | 0,22 |
| 4,875 | % Intrum AB -Reg- (MTN) 2020/2025  ..........  | EUR | 411 000 |  |  | % | 91,027 | 374 120,97 | 0,26 |
| 2,875 | % IQVIA, Inc. -Reg- (MTN) 2020/2028 ..........  | EUR | 100 000 |  |  | % | 85,446 | 85 446,00 | 0,06 |
| 1,25 | % ISS Finance BV (MTN) 2020/2025 ...........  | EUR | 600 000 | 140 000 | 282 000 | % | 96,224 | 577 344,00 | 0,41 |
| 2,125 | % ISS Global A/S (MTN) 2014/2024 ............  | EUR | 100 000 |  |  | % | 100,116 | 100 116,00 | 0,07 |
| 0,875 | % ISS Global A/S (MTN) 2019/2026 ............  | EUR | 559 000 |  |  | % | 90,044 | 503 345,96 | 0,35 |
| 0,50 | % JDE Peet‘s NV (MTN) 2021/2029  ...........  | EUR | 530 000 |  |  | % | 79,592 | 421 837,60 | 0,30 |
| 1,125 | % JDE Peet‘s NV (MTN) 2021/2033  ...........  | EUR | 112 000 |  | 208 000 | % | 71,118 | 79 652,16 | 0,06 |
| 1,00 | % Johnson Controls International Plc (MTN) 2017/2023 | EUR | 218 000 |  |  | % | 99,346 | 216 574,28 | 0,15 |
| 1,963 | % JPMorgan Chase & Co (MTN) 2022/2030 * ....  | EUR | 500 000 | 500 000 |  | % | 91,452 | 457 260,00 | 0,32 |
| 0,389 | % JPMorgan Chase & Co. (MTN) 2020/2028 *  ...  | EUR | 564 000 | 150 000 | 400 000 | % | 88,16 | 497 222,40 | 0,35 |
| 0,597 | % JPMorgan Chase & Co. (MTN) 2021/2033 *  ...  | EUR | 300 000 |  | 200 000 | % | 76,739 | 230 217,00 | 0,16 |
| 0,25 | % Jyske Bank A/S (MTN) 2021/2028 * ..........  | EUR | 1 880 000 | 230 000 |  | % | 88,9 | 1 671 320,00 | 1,17 |
| 1,625 | % KBC Group NV (MTN) 2017/2029 * ..........  | EUR | 200 000 |  |  | % | 94,274 | 188 548,00 | 0,13 |
| 0,25 | % KBC Group NV (MTN) 2021/2027 * ..........  | EUR | 400 000 |  |  | % | 89,73 | 358 920,00 | 0,25 |
| 0,80 | % Kellogg Co. (MTN) 2017/2022  ..............  | EUR | 432 000 |  |  | % | 100,218 | 432 941,76 | 0,30 |
| 0,75 | % Kering SA (MTN) 2020/2028  ...............  | EUR | 100 000 |  |  | % | 90,356 | 90 356,00 | 0,06 |
| 2,125 | % Koninklijke Philips NV (MTN) 2022/2029  ......  | EUR | 500 000 | 500 000 |  | % | 93,472 | 467 360,00 | 0,33 |
| 1,00 | % La Banque Postale SA (MTN) 2020/2026 * ....  | EUR | 300 000 |  |  | % | 92,91 | 278 730,00 | 0,20 |
| 0,875 | % La Banque Postale SA (MTN) 2020/2031 * ....  | EUR | 300 000 |  |  | % | 87,199 | 261 597,00 | 0,18 |
| 2,125 | % La Mondiale SAM 2020/2031  ..............  | EUR | 100 000 |  |  | % | 80,105 | 80 105,00 | 0,06 |
| 1,00 | % La Poste SA (MTN) 2019/2034  .............  | EUR | 500 000 | 200 000 | 1 500 000 | % | 78,244 | 391 220,00 | 0,27 |
| 0,25 | % LeasePlan Corp., NV (MTN) 2021/2026 .......  | EUR | 600 000 |  |  | % | 87,596 | 525 576,00 | 0,37 |
| 0,875 | % LEG Immobilien SE (MTN) 2021/2033 ........  | EUR | 500 000 |  |  | % | 65,916 | 329 580,00 | 0,23 |
| 0,875 | % LEG Immobilien SE (MTN) 2022/2029 ........  | EUR | 600 000 | 600 000 |  | % | 79,61 | 477 660,00 | 0,34 |
| 1,375 | % Linde PLC (MTN) 2022/2031  ...............  | EUR | 800 000 | 800 000 |  | % | 87,962 | 703 696,00 | 0,49 |
| 1,375 | % Madrilena Red de Gas Finance BV (MTN) 2017/2025  .............................  | EUR | 300 000 |  |  | % | 94,394 | 283 182,00 | 0,20 |
| 2,375 | % McDonald‘s Corp. (MTN) 2022/2029  .........  | EUR | 930 000 | 930 000 |  | % | 95,013 | 883 620,90 | 0,62 |
| 1,75 | % Medtronic Global Holdings SCA 2019/2049  ...  | EUR | 400 000 |  | 149 000 | % | 68,023 | 272 092,00 | 0,19 |
| 1,625 | % Merck KGaA 2020/2080 * ..................  | EUR | 400 000 |  |  | % | 87,281 | 349 124,00 | 0,24 |
| 0,214 | % Mizuho Financial Group, Inc. (MTN) 2020/2025 | EUR | 320 000 |  |  | % | 92,164 | 294 924,80 | 0,21 |
| 4,25 | % Mobilux Finance SAS -Reg- (MTN) 2021/2028  . | EUR | 300 000 |  |  | % | 73,824 | 221 472,00 | 0,16 |
| 1,25 | % Mondelez International Holdings Netherlands BV -Reg- 2021/2041  ........................  | EUR | 790 000 | 140 000 |  | % | 62,668 | 495 077,20 | 0,35 |
| 1,375 | % Morgan Stanley (MTN) 2016/2026  ..........  | EUR | 452 000 |  |  | % | 93,501 | 422 624,52 | 0,30 |
| 2,103 | % Morgan Stanley 2022/2026 * ...............  | EUR | 360 000 | 730 000 | 370 000 | % | 98,101 | 353 163,60 | 0,25 |
| 0,125 | % Motability Operations Group PLC (MTN) 2021/2028  .............................  | EUR | 210 000 |  |  | % | 85,98 | 180 558,00 | 0,13 |
| 3,25 | % Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 2018/2049 * .................  | EUR | 200 000 |  |  | % | 93,084 | 186 168,00 | 0,13 |
| 2,125 | % Mylan, Inc. (MTN) 2018/2025  ..............  | EUR | 300 000 |  |  | % | 95,82 | 287 460,00 | 0,20 |
| 2,125 | % National Australia Bank (MTN) 2022/2028 .....  | EUR | 510 000 | 510 000 |  | % | 96,413 | 491 706,30 | 0,35 |
| 0,41 | % National Grid North America, Inc. (MTN) 2022/2026 | EUR | 920 000 | 1 320 000 | 400 000 | % | 91,638 | 843 069,60 | 0,59 |
| 1,054 | % National Grid North America, Inc. (MTN) 2022/2031 | EUR | 500 000 | 2 330 000 | 1 830 000 | % | 81,338 | 406 690,00 | 0,29 |
| 2,949 | % National Grid PLC (MTN) 2022/2030  .........  | EUR | 420 000 | 420 000 |  | % | 95,87 | 402 654,00 | 0,28 |
| 0,75 | % Naturgy Finance BV (MTN) 2019/2029  .......  | EUR | 500 000 |  |  | % | 84,338 | 421 690,00 | 0,30 |
| 1,50 | % Nestle Finance International Ltd (MTN) 2022/2035 | EUR | 700 000 | 700 000 |  | % | 84,806 | 593 642,00 | 0,42 |

1,25	% GSK Consumer Healthcare Capital NL, BV (MTN)
| Wertpapierbezeichnung | Stück bzw. Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Währung	Bestand	im Berichtszeitraum	EUR	vermögen |
| 4,625 | % Netflix, Inc. 2018/2029 ....................  | EUR | 407 000 | 407 000 |  | % | 94,552 | 384 826,64 | 0,27 |
| 4,625 | % NN Group NV (MTN) 2017/2048 * ...........  | EUR | 157 000 |  |  | % | 96,469 | 151 456,33 | 0,11 |
| 1,125 | % Nordea Bank Abp (MTN) 2022/2027  .........  | EUR | 450 000 | 450 000 |  | % | 92,059 | 414 265,50 | 0,29 |
| 0,082 | % NTT FINANCE Corp. 2021/2025  ............  | EUR | 350 000 |  |  | % | 93,043 | 325 650,50 | 0,23 |
| 0,625 | % Nykredit Realkredit A/S (MTN) 2019/2025 .....  | EUR | 300 000 |  |  | % | 95,404 | 286 212,00 | 0,20 |
| 0,25 | % Nykredit Realkredit AS (MTN) 2020/2026  .....  | EUR | 400 000 |  |  | % | 90,441 | 361 764,00 | 0,25 |
| 6,25 | % OMV AG 2015/perpetual * .................  | EUR | 157 000 | 20 000 |  | % | 102,305 | 160 618,85 | 0,11 |
| 1,00 | % Optus Finance Pty, Ltd (MTN) 2019/2029 .....  | EUR | 1 230 000 | 160 000 |  | % | 87,588 | 1 077 332,40 | 0,76 |
| 2,375 | % Orange SA (MTN) 2019/perpetual * ..........  | EUR | 300 000 |  |  | % | 93,605 | 280 815,00 | 0,20 |
| 2,875 | % Organon & Co. Via Organon Foreign Debt |  |  |  |  |  |  |  |  |
|  | Co-Issuer BV -Reg- (MTN) 2021/2028 ........  | EUR | 190 000 |  | 530 000 | % | 84,06 | 159 714,00 | 0,11 |
| 1,50 | % Orsted AS 2017/2029  ....................  | EUR | 500 000 |  |  | % | 92,185 | 460 925,00 | 0,32 |
| 2,25 | % Orsted AS (MTN) 2022/2028  ...............  | EUR | 480 000 | 480 000 |  | % | 98,104 | 470 899,20 | 0,33 |
| 1,00 | % PostNL NV (MTN) 2017/2024  ..............  | EUR | 800 000 | 100 000 |  | % | 96,47 | 771 760,00 | 0,54 |
| 2,75 | % PPG Industries, Inc. (MTN) 2022/2029  .......  | EUR | 560 000 | 560 000 |  | % | 95,696 | 535 897,60 | 0,38 |
| 0,90 | % Procter & Gamble Co. 2021/2041  ...........  | EUR | 353 000 | 500 000 | 147 000 | % | 65,917 | 232 687,01 | 0,16 |
| 0,50 | % Prologis Euro Finance LLC 2021/2032 ........  | EUR | 330 000 |  |  | % | 73,705 | 243 226,50 | 0,17 |
| 3,078 | % Prosus NV -Reg- (MTN) 2020/2028  ..........  | EUR | 1 127 000 | 160 000 |  | % | 79,288 | 893 575,76 | 0,63 |
| 1,207 | % Prosus NV -Reg- 2022/2026  ...............  | EUR | 430 000 | 430 000 |  | % | 87,201 | 374 964,30 | 0,26 |
| 6,00 | % PSA Tresorerie GIE 2003/2033  .............  | EUR | 221 000 | 221 000 |  | % | 109,389 | 241 749,69 | 0,17 |
| 0,375 | % Raiffeisen Bank International AG (MTN) 2019/2026 | EUR | 900 000 | 100 000 |  | % | 87,286 | 785 574,00 | 0,55 |
| 2,875 | % Raiffeisen Bank International AG 2020/2032 * ..  | EUR | 400 000 |  |  | % | 79,396 | 317 584,00 | 0,22 |
| 2,50 | % RCS & RDS SA -Reg- (MTN) 2020/2025  ......  | EUR | 400 000 |  |  | % | 88,297 | 353 188,00 | 0,25 |
| 3,875 | % Rentokil Initial Finance BV (MTN) 2022/2027  ..  | EUR | 660 000 | 660 000 |  | % | 101,71 | 671 286,00 | 0,47 |
| 4,375 | % Rentokil Initial Finance BV (MTN) 2022/2030  ..  | EUR | 490 000 | 490 000 |  | % | 102,917 | 504 293,30 | 0,35 |
| 1,625 | % RTE Reseau de Transport d‘Electricite SADIR (MTN) |  |  |  |  |  |  |  |  |
|  | 2015/2025  .............................  | EUR | 200 000 |  |  | % | 98,052 | 196 104,00 | 0,14 |
| 2,50 | % Sampo Oyj 2020/2052 * ...................  | EUR | 190 000 |  |  | % | 78,235 | 148 646,50 | 0,10 |
| 2,125 | % Sandvik AB (MTN) 2022/2027  ..............  | EUR | 600 000 | 600 000 |  | % | 97,314 | 583 884,00 | 0,41 |
| 1,875 | % SANEF SA 2015/2026  ....................  | EUR | 500 000 |  |  | % | 95,489 | 477 445,00 | 0,33 |
| 0,125 | % Santander Consumer Bank AS (MTN) 2020/2025 | EUR | 500 000 |  |  | % | 94,035 | 470 175,00 | 0,33 |
| 0,50 | % Santander Consumer Bank AS (MTN) 2022/2025 | EUR | 500 000 | 500 000 |  | % | 93,751 | 468 755,00 | 0,33 |
| 0,00 | % Santander Consumer Finance SA (MTN) 2021/2026 | EUR | 800 000 | 100 000 |  | % | 90,325 | 722 600,00 | 0,51 |
| 3,125 | % Sappi Papier Holding GmbH -Reg- (MTN) 2019/2026 | EUR | 300 000 |  |  | % | 89,093 | 267 279,00 | 0,19 |
| 1,375 | % Scentre Group Trust 1 Via Scentre Group Trust 2 |  |  |  |  |  |  |  |  |
|  | (MTN) 2016/2023 ........................  | EUR | 200 000 |  |  | % | 100,03 | 200 060,00 | 0,14 |
| 1,25 | % Segro Capital Sarl (MTN) 2022/2026  .........  | EUR | 530 000 | 530 000 |  | % | 93,115 | 493 509,50 | 0,35 |
| 3,50 | % SES SA (MTN) 2022/2029  ................  | EUR | 670 000 | 670 000 |  | % | 97,734 | 654 817,80 | 0,46 |
| 2,00 | % Signify NV 2020/2024  ....................  | EUR | 260 000 |  |  | % | 98,423 | 255 899,80 | 0,18 |
| 0,75 | % Skandinaviska Enskilda Banken AB (MTN) |  |  |  |  |  |  |  |  |
|  | 2022/2027  .............................  | EUR | 670 000 | 670 000 |  | % | 88,849 | 595 288,30 | 0,42 |
| 1,75 | % Skandinaviska Enskilda Banken AB (MTN) |  |  |  |  |  |  |  |  |
|  | 2022/2026  .............................  | EUR | 750 000 | 750 000 |  | % | 97,113 | 728 347,50 | 0,51 |
| 1,00 | % Societe Generale SA (MTN) 2020/2030 * ......  | EUR | 300 000 |  |  | % | 87,543 | 262 629,00 | 0,18 |
| 0,50 | % Societe Generale SA (MTN) 2021/2029 * ......  | EUR | 900 000 | 100 000 |  | % | 82,435 | 741 915,00 | 0,52 |
| 4,00 | % SSE PLC 2022/perpetual * .................  | EUR | 590 000 | 590 000 |  | % | 86,594 | 510 904,60 | 0,36 |
| 2,50 | % Standard Chartered PLC (MTN) 2020/2030 * ...  | EUR | 220 000 |  |  | % | 94,294 | 207 446,80 | 0,15 |
| 2,375 | % Stedin Holding NV (MTN) 2022/2030  ........  | EUR | 350 000 | 350 000 |  | % | 93,912 | 328 692,00 | 0,23 |
| 2,375 | % Suez SACA (MTN) 2022/2030  ..............  | EUR | 900 000 | 900 000 |  | % | 92,167 | 829 503,00 | 0,58 |
| 0,50 | % Swiss Life Finance I Ltd (MTN) 2021/2031  ....  | EUR | 810 000 | 140 000 |  | % | 77,708 | 629 434,80 | 0,44 |
| 2,534 | % Swiss Re Finance Luxembourg SA 2019/2050 * | EUR | 200 000 |  |  | % | 85,889 | 171 778,00 | 0,12 |
| 2,714 | % Swiss Re Finance UK PLC (MTN) 2020/2052 * . | EUR | 100 000 |  |  | % | 81,488 | 81 488,00 | 0,06 |
| 3,00 | % Takeda Pharmaceutical Co., Ltd -Reg- 2018/2030 | EUR | 500 000 |  |  | % | 97,8 | 489 000,00 | 0,34 |
| 2,00 | % Takeda Pharmaceutical Co., Ltd 2020/2040  ...  | EUR | 500 000 | 160 000 | 660 000 | % | 75,86 | 379 300,00 | 0,27 |
| 1,125 | % Tele2 AB (MTN) 2018/2024 ................  | EUR | 732 000 |  |  | % | 98,84 | 723 508,80 | 0,51 |
| 2,125 | % Tele2 AB (MTN) 2018/2028 ................  | EUR | 500 000 | 170 000 | 920 000 | % | 96,255 | 481 275,00 | 0,34 |
| 3,75 | % Teleperformance (MTN) 2022/2029 ..........  | EUR | 1 000 000 | 1 000 000 |  | % | 101,533 | 1 015 330,00 | 0,71 |
| 2,125 | % Telia Co., AB (MTN) 2019/2034 .............  | EUR | 220 000 |  |  | % | 89,671 | 197 276,20 | 0,14 |
| 2,125 | % TenneT Holding BV (MTN) 2022/2029 ........  | EUR | 550 000 | 550 000 |  | % | 95,764 | 526 702,00 | 0,37 |
| 2,75 | % TenneT Holding BV (MTN) 2022/2042 ........  | EUR | 300 000 | 580 000 | 280 000 | % | 89,452 | 268 356,00 | 0,19 |
| 0,125 | % Terna - Rete Elettrica Nazionale (MTN) 2019/2025 | EUR | 401 000 |  |  | % | 93,965 | 376 799,65 | 0,26 |
| 0,125 | % Thermo Fisher Scientific, Inc. (MTN) 2019/2025 | EUR | 160 000 |  |  | % | 95,18 | 152 288,00 | 0,11 |
| 1,50 | % Thermo Fisher Scientific, Inc. (MTN) 2019/2039 | EUR | 260 000 |  |  | % | 71,981 | 187 150,60 | 0,13 |
| 1,952 | % Toronto-Dominion Bank/The (MTN) 2022/2030 . | EUR | 910 000 | 910 000 |  | % | 90,705 | 825 415,50 | 0,58 |
| 2,625 | % TotalEnergies SE (MTN) 2015/perpetual * .....  | EUR | 210 000 |  |  | % | 93,382 | 196 102,20 | 0,14 |
| 1,75 | % TotalEnergies SE (MTN) 2019/perpetual * .....  | EUR | 290 000 |  |  | % | 94,071 | 272 805,90 | 0,19 |
| 3,25 | % TotalEnergies SE 2022/perpetual * ...........  | EUR | 105 000 | 1 210 000 | 1 105 000 | % | 70,135 | 73 641,75 | 0,05 |
| 1,875 | % Transurban Finance Co., Pty, Ltd (MTN) 2014/2024 | EUR | 200 000 |  |  | % | 99,587 | 199 174,00 | 0,14 |
| 1,45 | % Transurban Finance Co., Pty, Ltd (MTN) 2019/2029 | EUR | 530 000 |  |  | % | 88,82 | 470 746,00 | 0,33 |
| 0,50 | % UBS AG/London (MTN) 2021/2031  ..........  | EUR | 730 000 |  |  | % | 79,405 | 579 656,50 | 0,41 |
| 0,875 | % UBS Group AG (MTN) 2021/2031  ...........  | EUR | 700 000 |  |  | % | 77,907 | 545 349,00 | 0,38 |
| 1,00 | % UBS Group AG (MTN) 2022/2025 * ..........  | EUR | 700 000 | 700 000 |  | % | 97,69 | 683 830,00 | 0,48 |
| 6,625 | % UniCredit SpA 2017/perpetual * .............  | EUR | 300 000 |  |  | % | 95,107 | 285 321,00 | 0,20 |
| 1,375 | % UNIQA Insurance Group AG (MTN) 2020/2030 . | EUR | 300 000 |  |  | % | 85,215 | 255 645,00 | 0,18 |
| 2,25 | % UPM-Kymmene Oyj (MTN) 2022/2029  .......  | EUR | 680 000 | 680 000 |  | % | 93,323 | 634 596,40 | 0,45 |
| 0,875 | % Verizon Communications, Inc. (MTN) 2019/2027 . | EUR | 840 000 | 140 000 |  | % | 92,097 | 773 614,80 | 0,54 |
| 0,375 | % Verizon Communications, Inc. (MTN) 2021/2029 . | EUR | 530 000 |  |  | % | 84,942 | 450 192,60 | 0,32 |
| 0,75 | % Vesteda Finance BV (MTN) 2021/2031  .......  | EUR | 540 000 |  |  | % | 76,545 | 413 343,00 | 0,29 |
| 2,00 | % Visa, Inc. (MTN) 2022/2029 ................  | EUR | 670 000 | 670 000 |  | % | 96,453 | 646 235,10 | 0,45 |
| 2,375 | % Visa, Inc. 2022/2034  .....................  | EUR | 530 000 | 530 000 |  | % | 94,014 | 498 274,20 | 0,35 |
| 1,00 | % Viterra Finance BV (MTN) 2021/2028  ........  | EUR | 780 000 | 140 000 |  | % | 80,709 | 629 530,20 | 0,44 |
| 1,60 | % Vodafone Group PLC (MTN) 2016/2031  ......  | EUR | 200 000 |  |  | % | 87,776 | 175 552,00 | 0,12 |
| 3,10 | % Vodafone Group PLC 2018/2079 * ...........  | EUR | 400 000 | 400 000 |  | % | 95,738 | 382 952,00 | 0,27 |

| Wertpapierbezeichnung | Stück bzw. Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Währung	Bestand	im Berichtszeitraum	EUR	vermögen |
| 3,375 | % Volkswagen Financial Services AG (MTN) 2020/2028 | EUR | 500 000 | 1 000 000 | 500 000 | % | 98,432 | 492 160,00 | 0,35 |
| 3,875 | % Volkswagen International Finance NV 2020/perpetual * .........................  | EUR | 400 000 | 100 000 | 700 000 | % | 83,203 | 332 812,00 | 0,23 |
| 0,875 | % Volkswagen International Finance NV (MTN) 2020/2028  .............................  | EUR | 900 000 | 100 000 |  | % | 85,17 | 766 530,00 | 0,54 |
| 3,125 | % Volkswagen International Finance NV 2022/2025 | EUR | 700 000 | 700 000 |  | % | 101,123 | 707 861,00 | 0,50 |
| 0,625 | % Vonovia Finance BV (MTN) 2019/2027  .......  | EUR | 200 000 |  |  | % | 84,038 | 168 076,00 | 0,12 |
| 0,375 | % Vonovia SE (MTN) 2021/2027  ..............  | EUR | 500 000 |  |  | % | 84,165 | 420 825,00 | 0,30 |
| 3,625 | % Webuild SpA (MTN) 2020/2027 .............  | EUR | 100 000 |  |  | % | 83,156 | 83 156,00 | 0,06 |
| 5,875 | % Webuild SpA (MTN) 2020/2025 .............  | EUR | 200 000 |  |  | % | 91,623 | 183 246,00 | 0,13 |
| 1,375 | % Wendel SE 2022/2034  ....................  | EUR | 800 000 | 800 000 |  | % | 67,012 | 536 096,00 | 0,38 |
| 2,875 | % WEPA Hygieneprodukte GmbH -Reg- (MTN) 2019/2027  .............................  | EUR | 200 000 |  |  | % | 76,898 | 153 796,00 | 0,11 |
| 0,427 | % Westpac Securities NZ/London (MTN) 2021/2026 | EUR | 430 000 |  |  | % | 90,366 | 388 573,80 | 0,27 |
| 2,125 | % Wurth Finance International BV (MTN) 2022/2030 | EUR | 730 000 | 730 000 |  | % | 93,909 | 685 535,70 | 0,48 |
| 1,164 | % Zimmer Biomet Holdings, Inc. (MTN) 2019/2027 . | EUR | 851 000 | 140 000 |  | % | 87,71 | 746 412,10 | 0,52 |
| 2,02 | % Zuercher Kantonalbank (MTN) 2022/2028 * ....  | EUR | 900 000 | 900 000 |  | % | 96,355 | 867 195,00 | 0,61 |
| 3,375 | % Abertis Infraestructuras SA (MTN) 2019/2026  . | GBP | 400 000 | 400 000 |  | % | 94,44 | 441 085,92 | 0,31 |
| 1,50 | % CaixaBank SA (MTN) 2021/2026 * ...........  | GBP | 700 000 |  |  | % | 90,023 | 735 798,25 | 0,52 |
| 1,985 | % Lloyds Banking Group Plc (MTN) 2021/2031 * ..  | GBP | 280 000 |  | 180 000 | % | 85,736 | 280 303,47 | 0,20 |
| 3,20 | % AbbVie, Inc. (MTN) 2020/2029  .............  | USD | 451 000 |  |  | % | 91,953 | 398 164,50 | 0,28 |
| 2,561 | % Citigroup, Inc. 2021/2032 * .................  | USD | 980 000 |  |  | % | 82,392 | 775 231,14 | 0,54 |
| 2,45 | % Daimler Finance North America LLC -Reg- (MTN) 2021/2031  .............................  | USD | 1 010 000 |  |  | % | 85,08 | 825 028,49 | 0,58 |
| 3,742 | % Deutsche Bank AG/New York NY 2022/2033 * . | USD | 300 000 | 1 200 000 | 900 000 | % | 74,051 | 213 290,87 | 0,15 |
| 8,75 | % Deutsche Telekom International Finance BV 2000/2030  .............................  | USD | 600 000 |  |  | % | 123,685 | 712 505,75 | 0,50 |
| 2,65 | % HP, Inc. (MTN) 2022/2031 .................  | USD | 600 000 | 600 000 |  | % | 80,119 | 461 537,36 | 0,32 |
| 2,648 | % Nomura Holdings, Inc. (MTN) 2020/2025  .....  | USD | 500 000 |  |  | % | 95,027 | 456 180,91 | 0,32 |
| 2,65 | % NXP BV Via NXP Funding LLC Via NXP USA, Inc. (MTN) 2022/2032 ........................  | USD | 560 000 | 560 000 |  | % | 82,139 | 441 628,94 | 0,31 |
| 7,875 | % Societe Generale SA -Reg- 2013/perpetual * ...  | USD | 500 000 |  |  | % | 98,358 | 472 171,51 | 0,33 |
| 7,375 | % Societe Generale SA -Reg- 2018/perpetual * ...  | USD | 400 000 |  |  | % | 96,668 | 371 246,88 | 0,26 |
| 2,55 | % Verizon Communications, Inc. (MTN) 2021/2031 . | USD | 800 000 |  |  | % | 85,763 | 658 733,94 | 0,46 |
| An organisierten Märkten zugelassene oder in diese einbezogene Wertpapiere |  |  |  |  | 1 436 270,49 | 1,01 |
| Verzinsliche Wertpapiere 2,55	% BMW US Capital LLC -144A- (MTN) 2021/2031	USD	800 000 |  |  | % | 86,412 | 663 718,82 | 0,47 |
| 3,625  % GSK Consumer Healthcare Capital US LLC -144A- (MTN) 2022/2032 ........................	USD	560 000 | 560 000 |  | % | 92,333 | 496 438,05 | 0,35 |
| 2,691  % Stellantis Finance US, Inc. -144A- (MTN) 2021/2031 USD	360 000 |  |  | % | 79,885 | 276 113,62 | 0,19 |
| Investmentanteile |  |  |  |  | 1 981 631,52 | 1,39 |
| Gruppeneigene Investmentanteile DWS Invest SICAV - DWS Invest ESG Euro High Yield -XC- EUR - (0,200%) ................................	Anteile	22 077 | 22 077 |  | EUR | 89,76 | 1 981 631,52 | 1,39 |
| Summe Wertpapiervermögen |  |  |  |  | 140 484 314,32 | 98,59 |
| Derivate (Bei den mit Minus gekennzeichneten Beständen handelt es sich um verkaufte Positionen) |  |  |  |  |  |  |
| Zins-Derivate Forderungen/Verbindlichkeiten |  |  |  |  | -77 079,67 | -0,05 |
| Zinsterminkontrakte Euro Buxl Futures 09/2022 (DB) ......................	Stück	-7 | 14 | 21 |  |  | -50 120,00 | -0,03 |
| Germany Federal Republic Notes 10 year 09/2022 (DB) ....	Stück	-9 | 15 | 24 |  |  | -46 980,00 | -0,03 |
| Germany Federal Republic Bonds 5 year 09/2022 (DB) .....	Stück	-69 | 46 | 115 |  |  | -125 760,00 | -0,09 |
| UK Treasury Notes 09/2022 (DB) ......................	Stück	-5 |  | 5 |  |  | 25 279,30 | 0,02 |
| US Treasury Notes 10 year Futures 09/2022 (DB) .........	Stück	-45 |  | 45 |  |  | 120 501,03 | 0,08 |
| Devisen-Derivate Forderungen/Verbindlichkeiten |  |  |  |  | -135 883,22 | -0,10 |
| Devisentermingeschäfte |  |  |  |  |  |  |
| Devisentermingeschäfte (Verkauf) |  |  |  |  |  |  |
| Offene Positionen EUR/GBP 1,3 Mio. .................................  |  |  |  |  | -11 246,76 | -0,01 |
| EUR/USD 7,6 Mio. .................................  |  |  |  |  | -124 636,46 | -0,09 |

| Wertpapierbezeichnung | Stück bzw. Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | Währung | Bestand | im Berichtszeitraum | EUR | vermögen |
| Bankguthaben |  |  |  | 1 608 200,82 | 1,13 |
| Verwahrstelle (täglich fällig) EUR-Guthaben ....................................  | EUR |  |  | 1 608 200,82 | 1,13 |
| Sonstige Vermögensgegenstände |  |  |  | 835 963,36 | 0,59 |
| Zinsansprüche .....................................  |  |  |  | 812 465,21 | 0,57 |
| Forderungen aus der Überschreitung des „Expense Cap“ ..  |  |  |  | 21 857,98 | 0,02 |
| Sonstige Ansprüche ................................  |  |  |  | 1 640,17 | 0,00 |
| Forderungen aus Anteilscheingeschäften |  |  |  | 86,58 | 0,00 |
| Summe der Vermögensgegenstände ** |  |  |  | 143 074 345,41 | 100,41 |
| Kurzfristige Verbindlichkeiten |  |  |  | -138 331,56 | -0,10 |
| Kredite in Nicht-EU/EWR-Währungen |  |  |  |  |  |
| Britisches Pfund ...................................  | GBP | -16 975 |  | -19 820,15 | -0,02 |
| US-Dollar ........................................  | USD | -123 435 |  | -118 511,41 | -0,08 |
| Sonstige Verbindlichkeiten |  |  |  | -75 482,95 | -0,05 |
| Andere sonstige Verbindlichkeiten .....................  |  |  |  | -75 482,95 | -0,05 |
| Verbindlichkeiten aus Anteilscheingeschäften |  |  |  | -9 436,13 | -0,01 |
| Summe der Verbindlichkeiten |  |  |  | -581 993,86 | -0,41 |
| Fondsvermögen |  |  |  | 142 492 351,55 | 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 FC ........................................  | EUR | 86,89 |
| Klasse IC100 ......................................  | EUR | 87,14 |
| Klasse LC ........................................  | EUR | 86,08 |
| Klasse TFC .......................................  | EUR | 86,87 |
| Klasse XC ........................................  | EUR | 88,00 |
| Umlaufende Anteile Klasse FC ........................................  | Stück | 522,000 |
| Klasse IC100 ......................................  | Stück | 1 026 267,000 |
| Klasse LC ........................................  | Stück | 176,000 |
| Klasse TFC .......................................  | Stück | 7 300,750 |
| Klasse XC ........................................  | Stück | 595 158,000 |

Zusammensetzung des Referenzportfolios (gem. CSSF-Rundschreiben 11/512) iBoxx EUR Corporates
Potenzieller Risikobetrag für das Marktrisiko (gem. CSSF-Rundschreiben 11/512)
| kleinster potenzieller Risikobetrag .....................  | % | 96,221 |
| --- | --- | --- |
| größter potenzieller Risikobetrag ......................  | % | 115,233 |
| durchschnittlicher potenzieller Risikobetrag ..............  | % | 107,261 |

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 0,2, 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 EUR 22 546 457,48.
 Marktschlüssel	 Terminbörsen
DB = Deutsche Bank AG Frankfurt
Vertragspartner der Devisentermingeschäfte
Deutsche Bank AG und State Street Bank International GmbH.
 Devisenkurse (in Mengennotiz)	
per 30.6.2022
| Britisches Pfund	GBP | 0,856432 | = EUR | 1 |
| --- | --- | --- | --- |
| US-Dollar	USD | 1,041549 | = 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.
In Klammern sind die aktuellen Verwaltungsvergütungs-/Kostenpauschalsätze zum Berichtsstichtag für die im Wertpapiervermögen enthaltenen Investmentanteile aufgeführt. Das Zeichen + bedeutet, dass darüber hinaus ggf. eine erfolgsabhängige Vergütung berechnet werden kann. Da der Investmentfonds im Berichtszeitraum andere Investmentanteile („Zielfonds“) hielt, können weitere Kosten, Gebühren und Vergütungen auf Ebene des Zielfonds angefallen sein.
 Fußnoten	
* Variabler Zinssatz.
** Beinhaltet, sofern vorhanden, keine Positionen mit negativem Bestand.