# DWS Invest Emerging Markets Corporates
DWS INVEST EMERGING MARKETS CORPORATES

### Performance of share classes vs. benchmark (in USD)
| Share class | ISIN | 6 months |
| --- | --- | --- |
| Class USD LC | LU0273170737 | -14.3% |
| Class USD FC | LU0273179951 | -14.1% |
| Class USD LD | LU0273170653 | -14.3% |
| Class USD LDM | LU0544572273 | -14.3% |
| Class USD RC | LU1616932510 | -13.9% |
| Class USD TFC | LU1663855044 | -14.1% |
| Class USD TFD | LU1663857685 | -14.1% |
| Class CHF FCH 1 | LU0616861778 | -14.8% |
| Class FCH 2 | LU0507270097 | -14.7% |
| Class LCH 2 | LU0436052673 | -14.9% |
| Class LDH 2 | LU0507269834 | -14.9% |
| Class NCH 2 | LU0436053051 | -15.1% |
| Class ND 2 | LU1054326233 | -6.9% |
| Class NDH 2 | LU0544572190 | -15.1% |
| Class NDQH 2 | LU1054327041 | -15.1% |
| Class PFCH 2 | LU1054327124 | -14.8% |
| Class PFDQH 2 | LU1054327397 | -14.9% |
| Class TFCH 2 | LU1663850912 | -14.7% |
| Class TFDH 2 | LU1663853429 | -14.7% |
| Class SEK LCH 3 | LU1297621283 | -14.8% |
| Class SGD LDMH 4 | LU0911034782 | -14.4% |


##### JPM CEMBI Broad Diversified	-13.9%
1 
in CHF
2 
in EUR
3 
in SEK
4 
in SGD
“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
Emerging Markets Corporates
| Statement of net assets as of June 30, 2022 |  |
| --- | --- |
|  | Amount in USD | % of net assets |
| I. Assets |  |  |
| 1. Bonds (issuers) Companies | 77 589 307.40 | 92.05 |
| Central governments | 2 681 554.95 | 3.18 |
| Total bonds | 80 270 862.35 | 95.23 |
| 2. Derivatives | -75 195.79 | -0.09 |
| 3. Cash at bank | 4 606 002.03 | 5.47 |
| 4. Other assets | 2 102 119.77 | 2.49 |
| 5. Receivables from share certificate transactions | 48 740.79 | 0.06 |
| II. Liabilities |  |  |
| 1. Other liabilities | -2 544 149.37 | -3.02 |
| 2. Liabilities from share certificate transactions | -117 079.90 | -0.14 |
| III. Net assets | 84 291 299.88 | 100.00 |

Negligible rounding errors may have arisen due to the rounding of calculated percentages.
| Investment portfolio – June 30, 2022 |  |
| --- | --- |
|  | Count/ | Quantity/ | Purchases/ | Sales/ | Currency | Market price | Total market | % of |
| Security name | units/ | principal | additions | disposals |  |  | value in | net assets |

Securities traded on an exchange	80 270 862.35	95.23
Interest-bearing securities
2.875 % Akropolis Group Uab (MTN) 2021/2026 ........	EUR	1 080 000	%	87.352	982 599.46	1.17
2.25 % Altice Financing SA -Reg- (MTN) 2020/2025......	EUR	800 000	%	88.032	733 517.48	0.87
7.50 % BOI Finance BV -Reg- (MTN) 2022/2027 ........	EUR	880 000	880 000	%	81.539	747 356.76	0.89
0.75 % CK Hutchison Europe Finance 21 Ltd
(MTN) 2021/2029 ..........................	EUR	1 000 000	1 000 000	%	82.31	857 299.39	1.02
3.875 % Colombia Government International Bond (MTN)
2016/2026 ...............................	EUR	900 000	900 000	%	94.757	888 246.95	1.05
5.00 % Consolidated Energy Finance SA -Reg- (MTN)
2021/2028 ................................	EUR	1 040 000	%	81.913	887 291.01	1.05
2.75 % Emirates Telecommunications Group Co. PJSC
(MTN) 2014/2026 ..........................	EUR	700 000	700 000	%	99.832	727 859.78	0.86
1.00 % Eurasian Development Bank (MTN) 2021/2026 ...	EUR	500 000	500 000	%	59.608	310 423.41	0.37
7.125 % NAK Naftogaz Ukraine Via Kondor Finance PLC
(MTN) 2019/2024 .........................	EUR	500 000	500 000	%	33.695	175 475.05	0.21
2.25 % Nemak SAB de CV -Reg- (MTN) 2021/2028 ......	EUR	880 000	%	72.042	660 310.72	0.78
2.085 % Prosus NV -Reg- (MTN) 2022/2030 * ..........	EUR	900 000	900 000	%	76.465	716 778.74	0.85
3.75 % Teva Pharmaceutical Finance Netherlands II BV
(MTN) 2021/2027 ..........................	EUR	500 000	500 000	%	84.916	442 221.08	0.52
6.25 % Petrobras Global Finance BV (MTN) 2011/2026 ...	GBP	500 000	300 000	%	97.348	591 948.84	0.70
3.50 % Abu Dhabi Commercial Bank PJSC (MTN)
2022/2027 ................................	USD	1 000 000	1 000 000	%	96.919	969 190.00	1.15
4.60 % Abu Dhabi Crude Oil Pipeline LLC -Reg-
2017/2047 ................................	USD	1 000 000	%	94.811	948 110.00	1.12
5.10 % AC Energy Finance International Ltd (MTN)
2020/perpetual ............................	USD	1 000 000	%	95.339	953 390.00	1.13
9.125 % Access Bank PLC -Reg- 2021/perpetual ** .....	USD	1 000 000	%	81.298	812 980.00	0.96
5.95 % Acwa Power Management And Investments
One Ltd -Reg- 2017/2039 ....................	USD	998 000	100	%	101.608	1 014 047.84	1.20
2.875 % Africa Finance Corp. -Reg- (MTN) 2021/2028 ....	USD	500 000	500 000	%	86.83	434 150.00	0.52
2.40 % Airport Authority 2020/perpetual ** ............	USD	1 000 000	%	86.235	862 350.00	1.02
5.125 % Akbank TAS -Reg- (MTN) 2015/2025 ..........	USD	500 000	500 000	%	88.266	441 330.00	0.52
2.125 % Alibaba Group Holding Ltd (MTN) 2021/2031 * ..	USD	1 000 000	%	82.816	828 160.00	0.98
3.375 % AngloGold Ashanti Holdings PLC (MTN)
2021/2028 ...............................	USD	1 000 000	%	85.338	853 380.00	1.01
1.00 % Argentine Republic Government International
Bond (MTN) 2020/2029 ......................	USD	1 700 000	600 000	%	22.614	384 438.00	0.46
3.064 % Axiata Spv5 Labuan Ltd (MTN) 2020/2050 * ....	USD	1 000 000	%	71.49	714 900.00	0.85
3.125 % Banco de Credito del Peru SA -Reg- (MTN)
2020/2030 ** ............................	USD	700 000	%	91.411	639 877.00	0.76
6.75 % Banco Mercantil del Norte SA Grand Cayman
-Reg- 2019/perpetual ** *....................	USD	1 000 000	%	94.674	946 740.00	1.12
5.00 % Bangkok Bank PCL/Hong Kong -Reg-
2020/perpetual ** ..........................	USD	500 000	500 000	%	91.453	457 265.00	0.54
4.30 % Bangkok Bank PCL/Hong Kong (MTN) 2022/2027 .	USD	500 000	500 000	%	100.133	500 665.00	0.59
3.255 % Bank Hapoalim BM -144A- 2021/2032 **.......	USD	700 000	%	85.28	596 960.00	0.71
4.75 % Bank Muscat SAOG (MTN) 2021/2026 ..........	USD	800 000	200 000	%	96.399	771 192.00	0.92
4.50 % Braskem Netherlands Finance BV -Reg-
2017/2028 * ..............................	USD	1 000 000	200 000	%	90.376	903 760.00	1.07
2.75 % Burgan Bank SAK 2020/2031 **...............	USD	1 000 000	%	82.994	829 940.00	0.98
2.00 % CBQ Finance Ltd (MTN) 2021/2026 ............	USD	1 000 000	1 000 000	%	91.808	918 080.00	1.09
1.46 % China Construction Bank Corp/Hong Kong
(MTN) 2021/2026 ..........................	USD	700 000	700 000	%	92.6	648 200.00	0.77
4.375 % CIBANCO SA Institucion de Banca Multiple Trust
CIB/3332 -Reg- (MTN) 2021/2031 * ...........	USD	1 000 000	%	72.536	725 360.00	0.86
4.95 % Colombia Telecomunicaciones SA ESP -Reg-
(MTN) 2020/2030 ..........................	USD	1 000 000	%	79.096	790 960.00	0.94
3.30 % DBS Group Holdings Ltd (MTN) 2020/perpetual **	USD	1 500 000	%	94.861	1 422 915.00	1.69
8.00 % Digicel Group Holdings Ltd -Reg- (MTN) 2020/2025  USD	614 833	9 086	%	68.619	421 892.26	0.50
7.875 % DNO ASA -144A- (MTN) 2021/2026 ...........	USD	920 000	%	97.306	895 215.20	1.06
5.875 % Ecopetrol SA 2014/2045 * ..................	USD	1 000 000	%	67.868	678 680.00	0.81
4.125 % Ecopetrol SA 2014/2025 * ..................	USD	1 000 000	%	92.558	925 580.00	1.10
1.639 % Emirates Development Bank PJSC (MTN)
2021/2026 ...............................	USD	800 000	%	91.805	734 440.00	0.87
3.83 % Empresa de los Ferrocarriles del Estado -Reg-
2021/2061 ................................	USD	1 000 000	%	71.694	716 940.00	0.85
4.875 % Enel Chile SA (MTN) 2018/2028 ..............	USD	1 000 000	%	96.786	967 860.00	1.15
2.625 % Equate Petrochemical BV -Reg- (MTN) 2021/2028  USD	1 000 000	%	89.03	890 300.00	1.06
4.317 % Fenix Power Peru SA -Reg- (MTN) 2017/2027 ...	USD	786 765	39 705	%	93.489	735 538.46	0.87
4.25 % Fresnillo PLC -Reg- 2020/2050 *...............	USD	1 000 000	%	73.98	739 800.00	0.88
2.16 % Galaxy Pipeline Assets Bidco Ltd -Reg- 2021/2034	USD	960 860	289 140	%	85.213	818 777.63	0.97
2.98 % GC Treasury Center Co. (MTN) 2021/2031 .......	USD	500 000	500 000	%	83.503	417 515.00	0.50
9.25 % Genel Energy Finance 4 PLC -144A- (MTN)
2020/2025 ................................	USD	1 000 000	%	98.421	984 210.00	1.17
2.50 % Globe Telecom, Inc. (MTN) 2020/2030 ..........	USD	1 000 000	%	79.957	799 570.00	0.95
5.50 % Greenko Wind Projects Mauritius Ltd -Reg-
2022/2025 * ..............................	USD	850 000	850 000	%	93.28	792 880.00	0.94
| Security name | Count/ units/ currency | Quantity/ principal amount | Purchases/ additions in the | Sales/ disposals reporting period | Currency | Market price | Total market value in USD | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 5.95 % Grupo Bimbo SAB de CV -Reg- 2018/perpetual **. | USD | 800 000 |  | 200 000 | % | 97.719 | 781 752.00 | 0.93 |
| 5.00 % Grupo Televisa SAB 2014/2045 ...............  | USD | 500 000 |  | 500 000 | % | 93.602 | 468 010.00 | 0.56 |
| 4.25 % GUSAP III LP -Reg- 2019/2030 * ..............  | USD | 1 000 000 |  |  | % | 91.206 | 912 060.00 | 1.08 |
| 3.25 % Hana Bank (MTN) 2022/2027 .................  4.125 % Hanwha Energy USA Holdings Corp. -Reg- 2022/2025 ...............................  | USD USD | 800 000 1 000 000 | 1 000 000 1 000 000 | 200 000 | % % | 96.544 100.308 | 772 352.00 1 003 080.00 | 0.92 1.19 |
| 2.00 % HPHT Finance 21 Ltd (MTN) 2021/2026 .........  | USD | 750 000 |  |  | % | 92.697 | 695 227.50 | 0.82 |
| 12.75 % ICL Group Ltd -144A- 2018/2038 ..............  | USD | 500 000 | 500 000 |  | % | 98.702 | 493 510.00 | 0.58 |
| 6.25 % India Airport Infra -Reg- 2021/2025 * ...........  | USD | 490 000 |  |  | % | 89.547 | 438 780.30 | 0.52 |
| 3.825 % Interconexion Electrica SA ESP -Reg- 2021/2033 . | USD | 950 000 | 200 000 |  | % | 83.108 | 789 526.00 | 0.94 |
| 4.375 % Inversiones CMPC SA -Reg- (MTN) 2017/2027 ..  | USD | 700 000 | 700 000 |  | % | 95.721 | 670 047.00 | 0.80 |
| 6.125 % Itau Unibanco Holding SA -Reg- 2017/perpetual ** * USD | 750 000 | % | 96.343 | 722 572.50 | 0.86 |
| 5.375 % Japfa Comfeed Tbk PT (MTN) 2021/2026 ......  | USD | 1 000 000 |  |  | % | 80.25 | 802 500.00 | 0.95 |
| 11.50 % Kaisa Group Holdings Ltd 2019/2023 ...........  | USD | 1 000 000 |  |  | % | 13.863 | 138 630.00 | 0.16 |
| 4.00 % KB Kookmin Card Co., Ltd 2022/2025 ..........  | USD | 700 000 | 700 000 |  | % | 99.274 | 694 918.00 | 0.82 |
| 6.875 % Kenbourne Invest SA -Reg- (MTN) 2019/2024 ...  | USD | 1 000 000 |  |  | % | 91.319 | 913 190.00 | 1.08 |
| 4.50 % Kookmin Bank (MTN) 2019/2029 * .............  | USD | 800 000 |  | 200 000 | % | 99.132 | 793 056.00 | 0.94 |
| 4.50 % Kuwait Projects Co., SPC, Ltd (MTN) 2017/2027 ..  | USD | 1 000 000 |  |  | % | 80.168 | 801 680.00 | 0.95 |
| 4.35 % Lima Metro Line 2 Finance Ltd -Reg- 2019/2036 ..  | USD | 666 122 |  | 17 122 | % | 90.213 | 600 928.62 | 0.71 |
| 6.875 % LLPL Capital Pte Ltd -Reg- 2019/2039 .........  7.25 % MC Brazil Downstream Trading SARL -Reg- (MTN) 2021/2031 ..........................  | USD USD | 828 115 800 000 | 224 175 | 23 750 | % % | 93.365 81.173 | 773 169.57 649 384.00 | 0.92 0.77 |
| 3.05 % Meituan -Reg- (MTN) 2020/2030...............  5.625 % Melco Resorts Finance Ltd -Reg- (MTN) 2019/2027 .........................  | USD USD | 1 000 000 750 000 |  |  | % % | 75.175 67.471 | 751 750.00 506 032.50 | 0.89 0.60 |
| 4.625 % Minejesa Capital BV -Reg- 2017/2030 .........  | USD | 1 000 000 |  |  | % | 89.785 | 897 850.00 | 1.07 |
| 1.625 % MTR Corp., Ltd (MTN) 2020/2030 ............  | USD | 1 000 000 |  |  | % | 83.745 | 837 450.00 | 0.99 |
| 3.552 % Muang Thai Life Assurance 2021/2037 ** ......  6.00 % Natura &Co Luxembourg Holdings Sarl -Reg- (MTN) 2022/2029 * .........................  | USD USD | 700 000 750 000 | 700 000 1 000 000 | 250 000 | % % | 90.099 88.431 | 630 693.00 663 232.50 | 0.75 0.79 |
| 4.125 % NWD Ltd (MTN) 2019/2029 .................  | USD | 750 000 |  |  | % | 88.464 | 663 480.00 | 0.79 |
| 10.00 % Oi SA (MTN) 2018/2025 .....................  2.625 % Ooredoo International Finance Ltd -Reg- (MTN) 2021/2031 .........................  | USD USD | 1 000 000 1 000 000 |  | 250 000 | % % | 50.531 86.949 | 505 310.00 869 490.00 | 0.60 1.03 |
| 5.125 % OQ SAOC -Reg- (MTN) 2021/2028 ............  | USD | 700 000 |  | 300 000 | % | 94.601 | 662 207.00 | 0.79 |
| 6.625 % Oztel Holdings SPC Ltd -Reg- (MTN) 2018/2028 . | USD | 500 000 |  |  | % | 100.956 | 504 780.00 | 0.60 |
| 7.375 % Pampa Energia SA -Reg- (MTN) 2016/2023 *....  | USD | 1 000 000 |  |  | % | 98.069 | 980 690.00 | 1.16 |
| 2.625 % QNB Finance Ltd (MTN) 2020/2025 ...........  | USD | 1 000 000 | 1 000 000 |  | % | 96.146 | 961 460.00 | 1.14 |
| 2.75 % REC Ltd (MTN) 2021/2027 ...................  4.625 % Resorts World Las Vegas LLC / RWLV Capital, Inc. -Reg- (MTN) 2019/2029 .................  | USD USD | 500 000 1 000 000 |  |  | % % | 90.538 83.104 | 452 690.00 831 040.00 | 0.54 0.99 |
| 2.15 % SABIC Capital I BV (MTN) 2020/2030 ...........  | USD | 1 500 000 |  |  | % | 85.047 | 1 275 705.00 | 1.51 |
| 4.45 % Saka Energi Indonesia PT -Reg- (MTN) 2017/2024 . | USD | 1 000 000 |  |  | % | 92.034 | 920 340.00 | 1.09 |
| 2.75 % Samba Funding Ltd (MTN) 2019/2024 ..........  | USD | 950 000 | 950 000 |  | % | 96.88 | 920 360.00 | 1.09 |
| 3.10 % Sands China Ltd -Reg- (MTN) 2021/2029 * ......  | USD | 1 000 000 |  |  | % | 70.002 | 700 020.00 | 0.83 |
| 13.00 % Scenery Journey Ltd 2018/2022 ...............  | USD | 1 000 000 |  |  | % | 7.112 | 71 120.00 | 0.08 |
| 3.75 % Shinhan Bank Co., Ltd -Reg- (MTN) 2017/2027 ...  | USD | 700 000 |  | 800 000 | % | 96.108 | 672 756.00 | 0.80 |
| 3.00 % Singapore Airlines Ltd (MTN) 2021/2026 ........  | USD | 1 250 000 |  |  | % | 95.258 | 1 190 725.00 | 1.41 |
| 2.375 % SK Hynix, Inc. -Reg- (MTN) 2021/2031 .........  4.875 % SURA Asset Management SA -Reg- (MTN) 2014/2024 * ........................  | USD USD | 1 000 000 1 000 000 | 1 000 000 |  | % % | 78.898 99.453 | 788 980.00 994 530.00 | 0.94 1.18 |
| 2.875 % Swire Pacific Mtn Financing HK Ltd |  |  |  |  |  |  |  |  |
| (MTN) 2020/2030 * ........................  | USD | 700 000 | 300 000 | % | 90.185 | 631 295.00 | 0.75 |
| 2.80 % Teva Pharmaceutical Finance Netherlands III BV |  |  |  |  |  |  |  |  |
| (MTN) 2016/2023 ..........................  | USD | 800 000 | % | 96.572 | 772 576.00 | 0.92 |
| 4.10 % Teva Pharmaceutical Finance Netherlands III BV |  |  |  |  |  |  |  |  |
| 2016/2046 ................................  | USD | 500 000 | % | 62.9 | 314 500.00 | 0.37 |
| 2.50 % Thaioil Treasury Center Co., Ltd -Reg- (MTN) 2020/2030 ................................  | USD | 500 000 | 1 000 000 | 500 000 | % | 80.643 | 403 215.00 | 0.48 |
| 4.125 % TSMC Arizona Corp. (MTN) 2022/2029 * .......  6.875 % Turk Telekomunikasyon AS -Reg- (MTN) 2019/2025 ...............................  | USD USD | 860 000 500 000 | 860 000 | 300 000 | % % | 99.783 89.571 | 858 133.80 447 855.00 | 1.02 0.53 |
| 5.75 % Turkiye Ihracat Kredi Bankasi AS -Reg- (MTN) |  |  |  |  |  |  |  |  |
| 2021/2026 * ..............................  | USD | 500 000 | % | 83.72 | 418 600.00 | 0.50 |
| 6.95 % Turkiye Sise ve Cam Fabrikalari AS -Reg- (MTN) |  |  |  |  |  |  |  |  |
| 2019/2026 ................................  | USD | 600 000 | 200 000 | % | 89.331 | 535 986.00 | 0.64 |
| 5.25 % Turkiye Vakiflar Bankasi TAO -Reg- (MTN) |  |  |  |  |  |  |  |  |
| 2020/2025 ................................  | USD | 750 000 | % | 87.655 | 657 412.50 | 0.78 |
| 7.75 % Ukraine Government International Bond -Reg- |  |  |  |  |  |  |  |  |
| (MTN) 2015/2024 ..........................  | USD | 500 000 | 500 000 | % | 25.584 | 127 920.00 | 0.15 |
| 3.75 % United Overseas Bank Ltd -Reg- (MTN) |  |  |  |  |  |  |  |  |
| 2019/2029 ** .............................  | USD | 1 000 000 | 500 000 | % | 99.236 | 992 360.00 | 1.18 |
| 5.25 % UPL Corp., Ltd 2020/perpetual ** * ............  | USD | 700 000 |  | % | 77.2 | 540 400.00 | 0.64 |
| 6.125 % Vedanta Resources Ltd -Reg- (MTN) 2017/2024 . | USD | 1 000 000 |  | % | 61.354 | 613 540.00 | 0.73 |
| 5.50 % Wynn Macau Ltd -Reg- (MTN) 2017/2027 .......  5.85 % Yapi ve Kredi Bankasi AS -Reg- (MTN) 2017/2024 * ..............................  | USD USD | 750 000 750 000 | 250 000 | % % | 64.95 92.535 | 487 125.00 694 012.50 | 0.58 0.82 |
| Total securities portfolio | 80 270 862.35 | 95.23 |

| Count/ Security name	units/ | Quantity/ principal | Purchases/ additions | Sales/ disposals | Currency | Market price | Total market value in | % of net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  | currency | amount | in the reporting | period |  | USD |  |
| Derivatives (Minus signs denote short positions) |  |  |  |  |  |  |  |
| Derivatives on individual securities |  |  |  |  |  | 0.00 | 0.00 |
| Warrants on securities |  |  |  |  |  |  |  |
| Equity warrants OAS Finance Ltd 21/01/2039 ..........................  | Count | 365 867 |  |  | BRL | 0.00 | 0.00 |
| Interest rate derivatives Receivables/payables |  |  |  |  |  | 136 601.52 | 0.16 |
| Interest rate futures US Treasury Notes 10 year Futures 09/2022 (DB) ..........  | Count | -65 | 4 | 69 |  | 136 601.52 | 0.16 |
| Currency derivatives Receivables/payables |  |  |  |  |  | -211 797.31 | -0.25 |
| Forward currency transactions |  |  |  |  |  |  |  |
| Forward currency transactions (long) |  |  |  |  |  |  |  |
| Open positions CHF/USD 3.2 million ................................  |  |  |  |  |  | 112 448.34 | 0.13 |
| EUR/USD 55.7 million ...............................  |  |  |  |  |  | -374 822.57 | -0.44 |
| SEK/USD 0.1 million ................................  |  |  |  |  |  | -142.31 | 0.00 |
| SGD/USD 0.1 million ................................  |  |  |  |  |  | -56.28 | 0.00 |
| Closed positions EUR/USD 0.2 million ................................  |  |  |  |  |  | 1 280.44 | 0.00 |
| SGD/USD 0.1 million ................................  |  |  |  |  |  | 2.21 | 0.00 |
| Forward currency transactions (short) |  |  |  |  |  |  |  |
| Open positions USD/EUR 7.9 million ................................  |  |  |  |  |  | 48 594.42 | 0.06 |
| USD/GBP 0.6 million ................................  |  |  |  |  |  | 898.44 | 0.00 |
| Cash at bank |  |  |  |  |  | 4 606 002.03 | 5.47 |
| Demand deposits at Depositary EUR deposits......................................  | EUR | 48 913 |  |  |  | 50 945.25 | 0.06 |
| Deposits in other EU/EEA currencies |  |  |  |  |  |  |  |
| Swedish krona .....................................  | SEK | 209 731 |  |  |  | 20 395.49 | 0.03 |
| Deposits in non-EU/EEA currencies |  |  |  |  |  |  |  |
| British pound .....................................  | GBP | 30 749 |  |  |  | 37 395.96 | 0.05 |
| Hong Kong dollar ..................................  | HKD | 1 |  |  |  | 0.04 | 0.00 |
| Canadian dollar ....................................  | CAD | 263 |  |  |  | 203.78 | 0.00 |
| Mexican peso .....................................  | MXN | 1 |  |  |  | 0.03 | 0.00 |
| Russian rouble .....................................  | RUB | 1 |  |  |  | 0.02 | 0.00 |
| Swiss franc .......................................  | CHF | 458 |  |  |  | 478.90 | 0.00 |
| Singapore dollar ...................................  | SGD | 12 971 |  |  |  | 9 312.65 | 0.01 |
| Turkish lira ........................................          | TRY | 26 080 |  |  |  | 1 562.21 | 0.00 |
| U.S. dollar ........................................  | USD |  |  |  |  | 4 485 707.70 | 5.32 |
| Other assets |  |  |  |  |  | 2 102 119.77 | 2.49 |
| Interest receivable .................................  |  |  |  |  |  | 1 373 190.25 | 1.63 |
| Receivables from exceeding the expense cap ............  |  |  |  |  |  | 45 651.42 | 0.05 |
| Other receivables ..................................  |  |  |  |  |  | 683 278.10 | 0.81 |
| Receivables from share certificate transactions |  |  |  |  |  | 48 740.79 | 0.06 |
| Total assets *** |  |  |  |  |  | 87 327 550.31 | 103.60 |
| Other liabilities |  |  |  |  |  | -2 544 149.37 | -3.02 |
| Additional other liabilities.............................  |  |  |  |  |  | -2 544 149.37 | -3.02 |
| Liabilities from share certificate transactions |  |  |  |  |  | -117 079.90 | -0.14 |
| Total liabilities |  |  |  |  |  | -3 036 250.43 | -3.60 |
| Net assets |  |  |  |  |  | 84 291 299.88 | 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 CHF FCH ....................................  | CHF | 103.00 |
| Class FCH ........................................  | EUR | 131.55 |
| Class LC (BRIC) ....................................  | EUR | 0.00 |
| Class LCH ........................................  | EUR | 123.59 |
| Class LDH ........................................  | EUR | 76.51 |
| Class NCH ........................................  | EUR | 118.04 |
| Class ND .........................................  | EUR | 97.55 |
| Class NDH ........................................  | EUR | 76.10 |
| Class NDQH ......................................  | EUR | 72.00 |
| Class PFCH .......................................  | EUR | 94.23 |
| Class PFDQH......................................  | EUR | 69.59 |
| Class TFCH .......................................  | EUR | 89.00 |
| Class TFDH .......................................  | EUR | 72.98 |
| Class SEK LCH ....................................  | SEK | 1 026.02 |
| Class SGD LDMH ..................................  | SGD | 7.94 |
| Class USD FC .....................................  | USD | 161.53 |
| Class USD LC .....................................  | USD | 148.76 |
| Class USD LD .....................................  | USD | 78.90 |
| Class USD LDM ...................................  | USD | 84.41 |
| Class USD RC .....................................  | USD | 104.08 |
| Class USD TFC ....................................  | USD | 97.85 |
| Class USD TFD ....................................  | USD | 80.23 |
| Number of shares outstanding Class CHF FCH ....................................  | Count | 30 209.678 |
| Class FCH ........................................  | Count | 108 102.973 |
| Class LCH ........................................  | Count | 55 402.448 |
| Class LDH ........................................  | Count | 227 239.939 |
| Class NCH ........................................  | Count | 104 843.598 |
| Class ND .........................................  | Count | 4 126.059 |
| Class NDH ........................................  | Count | 14 316.354 |
| Class NDQH ......................................  | Count | 16 086.000 |
| Class PFCH .......................................  | Count | 8 087.000 |
| Class PFDQH......................................  | Count | 8 438.000 |
| Class TFCH .......................................  | Count | 304.888 |
| Class TFDH .......................................  | Count | 20.000 |
| Class SEK LCH ....................................  | Count | 84.000 |
| Class SGD LDMH ..................................  | Count | 4 830.000 |
| Class USD FC .....................................  | Count | 1 404.415 |
| Class USD LC .....................................  | Count | 21 294.803 |
| Class USD LD .....................................  | Count | 69 572.045 |
| Class USD LDM ...................................  | Count | 830.175 |
| Class USD RC .....................................  | Count | 104 690.000 |
| Class USD TFC ....................................  | Count | 24.000 |
| Class USD TFD ....................................  | Count | 50 001.000 |

Composition of the reference portfolio (according to CSSF circular 11/512) JPM CEMBI Broad Diversified
Market risk exposure (value-at-risk) (according to CSSF circular 11/512)
| Lowest market risk exposure .........................  | % | 66.870 |
| --- | --- | --- |
| Highest market risk exposure .........................  | % | 127.046 |
| Average market risk exposure.........................  | % | 108.132 |

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 USD 17 692 351.29 as of the reporting date. Does not include any forward currency transactions entered into for currency hedging purposes at the level of the share classes.
 Market abbreviations	 Futures exchanges
DB = Deutsche Bank AG Frankfurt
Contracting parties for forward currency transactions
Deutsche Bank AG, HSBC France, Morgan Stanley Europe SE, Royal Bank of Canada (UK), State Street Bank International GmbH and UBS AG.
Securities lending
The following securities were transferred under securities loans at the reporting date:
| Security name | Currency/ quantity/ principal amount | Quantity/ principal amount | Securities loans Total market value in USD No fixed maturity | Total |
| --- | --- | --- | --- | --- |
| 2.085 % Prosus NV -Reg- (MTN) 2022/2030 ...........  | EUR | 100 000 | 79 642.08 |  |
| 2.125 % Alibaba Group Holding Ltd (MTN) 2021/2031 ...  | USD | 1 000 000 | 828 160.00 |  |
| 3.064 % Axiata Spv5 Labuan Ltd (MTN) 2020/2050 .....  6.75 % Banco Mercantil del Norte SA Grand Cayman -Reg- 2019/perpetual ** ....................  | USD USD | 600 000 700 000 | 428 940.00 662 718.00 |  |
| 4.50  % Braskem Netherlands Finance BV -Reg- 2017/2028 4.375 % CIBANCO SA Institucion de Banca Multiple Trust CIB/3332 -Reg- (MTN) 2021/2031 ............  | USD USD | 500 000 200 000 | 451 880.00 145 072.00 |  |
| 5.875 % Ecopetrol SA 2014/2045 ...................  | USD | 500 000 | 339 340.00 |  |
| 4.125 % Ecopetrol SA 2014/2025 ...................  | USD | 200 000 | 185 116.00 |  |
| 4.25  % Fresnillo PLC -Reg- 2020/2050 ...............  5.50 % Greenko Wind Projects Mauritius Ltd -Reg- 2022/2025 ..............................  | USD USD | 800 000 400 000 | 591 840.00 373 120.00 |  |
| 4.25  % GUSAP III LP -Reg- 2019/2030 ..............  | USD | 500 000 | 456 030.00 |  |
| 6.25 % India Airport Infra -Reg- 2021/2025 ...........  | USD | 490 000 | 438 780.30 |  |
| 6.125 % Itau Unibanco Holding SA -Reg- 2017/perpetual ** | USD | 750 000 | 722 572.50 |  |
| 4.50  % Kookmin Bank (MTN) 2019/2029 .............  6.00 % Natura &Co Luxembourg Holdings Sarl -Reg- (MTN) 2022/2029 .........................  | USD USD | 800 000 500 000 | 793 056.00 442 155.00 |  |
| 7.375 % Pampa Energia SA -Reg- (MTN) 2016/2023 .....  | USD | 500 000 | 490 345.00 |  |
| 3.10 % Sands China Ltd -Reg- (MTN) 2021/2029 ...... 4.875 % SURA Asset Management SA -Reg- (MTN) 2014/2024 .........................  | USD USD | 800 000 715 000 | 560 016.00 711 088.95 |  |
| 2.875 % Swire Pacific Mtn Financing HK Ltd (MTN) 2020/2030 .........................  | USD | 500 000 | 450 925.00 |  |
| 4.125 % TSMC Arizona Corp. (MTN) 2022/2029 ........  5.75  % Turkiye Ihracat Kredi Bankasi AS -Reg- (MTN) 2021/2026 .........................  | USD USD | 800 000 200 000 | 798 264.00 167 440.00 |  |
| 5.25  % UPL Corp., Ltd 2020/perpetual ** ............  | USD | 500 000 | 386 000.00 |  |
| 5.85  % Yapi ve Kredi Bankasi AS -Reg- (MTN) 2017/2024 USD | 500 000 | 462 675.00 |  |
| Total receivables from securities loans |  |  | 10 965 175.83 | 10 965 175.83 |

Contracting parties for securities loans
Barclays Bank Ireland PLC FI, BNP Paribas S.A., Crédit Suisse Securities Sociedad de Valores S.A. FI, Deutsche Bank AG FI, Goldman Sachs Bank Europe SE EQ, J.P. Morgan AG FI, Morgan Stanley Europe SE FI, Nomura Financial Products Europe GmbH
Total collateral pledged by third parties for securities loans	USD	13 562 975.55
thereof:
Bonds	USD  10 813 260.88
Equities	USD	2 749 714.67
Exchange rates (indirect quotes)
As of June 30, 2022
| Brazilian real ....................  | BRL | 5.250550 | = | USD | 1 |
| --- | --- | --- | --- | --- | --- |
| Canadian dollar ..................  | CAD | 1.289450 | = | USD | 1 |
| Swiss franc .....................  | CHF | 0.955750 | = | USD | 1 |
| Euro ..........................  | EUR | 0.960108 | = | USD | 1 |
| British pound ...................  | GBP | 0.822267 | = | USD | 1 |
| Hong Kong dollar ................  | HKD | 7.846400 | = | USD | 1 |
| Mexican peso ...................  | MXN | 20.212500 | = | USD | 1 |
| Russian rouble...................  | RUB | 54.300000 | = | USD | 1 |
| Swedish krona...................  | SEK | 10.283200 | = | USD | 1 |
| Singapore dollar .................  | SGD | 1.392850 | = | USD | 1 |
| Turkish lira ......................      | TRY | 16.694250 | = | USD | 1 |
| Notes on valuation |  |  |  |  |  |

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

Translation (ENDE, 2022-06-30):
# DWS Invest Emerging Markets Corporates
DWS INVEST EMERGING MARKETS CORPORATES

### Wertentwicklung der Anteilklassen vs. Vergleichsindex (in USD)
| Anteilklasse | ISIN | 6 Monate |
| --- | --- | --- |
| Klasse USD LC | LU0273170737 | -14,3% |
| Klasse USD FC | LU0273179951 | -14,1% |
| Klasse USD LD | LU0273170653 | -14,3% |
| Klasse USD LDM | LU0544572273 | -14,3% |
| Klasse USD RC | LU1616932510 | -13,9% |
| Klasse USD TFC | LU1663855044 | -14,1% |
| Klasse USD TFD | LU1663857685 | -14,1% |
| Klasse CHF FCH 1) | LU0616861778 | -14,8% |
| Klasse FCH 2) | LU0507270097 | -14,7% |
| Klasse LCH 2) | LU0436052673 | -14,9% |
| Klasse LDH 2) | LU0507269834 | -14,9% |
| Klasse NCH 2) | LU0436053051 | -15,1% |
| Klasse ND 2) | LU1054326233 | -6,9% |
| Klasse NDH 2) | LU0544572190 | -15,1% |
| Klasse NDQH 2) | LU1054327041 | -15,1% |
| Klasse PFCH 2) | LU1054327124 | -14,8% |
| Klasse PFDQH 2) | LU1054327397 | -14,9% |
| Klasse TFCH 2) | LU1663850912 | -14,7% |
| Klasse TFDH 2) | LU1663853429 | -14,7% |
| Klasse SEK LCH 3) | LU1297621283 | -14,8% |
| Klasse SGD LDMH 4) | LU0911034782 | -14,4% |


##### JPM CEMBI Broad Diversified	-13,9%
1) 
in CHF
2) 
in EUR
3) 
in SEK
4) 
in SGD
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 Emerging Markets Corporates
| Vermögensübersicht zum 30.6.2022 |  |
| --- | --- |
|  | Bestand in USD | %-Anteil am Fondsvermögen |
| I. Vermögensgegenstände |  |  |
| 1. Anleihen (Emittenten) Unternehmen | 77 589 307,40 | 92,05 |
| Zentralregierungen | 2 681 554,95 | 3,18 |
| Summe Anleihen | 80 270 862,35 | 95,23 |
| 2. Derivate | -75 195,79 | -0,09 |
| 3. Bankguthaben | 4 606 002,03 | 5,47 |
| 4. Sonstige Vermögensgegenstände | 2 102 119,77 | 2,49 |
| 5. Forderungen aus Anteilscheingeschäften | 48 740,79 | 0,06 |
| II. Verbindlichkeiten |  |  |
| 1. Sonstige Verbindlichkeiten | -2 544 149,37 | -3,02 |
| 2. Verbindlichkeiten aus Anteilscheingeschäften | -117 079,90 | -0,14 |
| III. Fondsvermögen | 84 291 299,88 | 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- |

Börsengehandelte Wertpapiere	80 270 862,35	95,23
Verzinsliche Wertpapiere
2,875 % Akropolis Group Uab (MTN) 2021/2026 .........	EUR	1 080 000	%	87,352	982 599,46	1,17
2,25 % Altice Financing SA -Reg- (MTN) 2020/2025 .....	EUR	800 000	%	88,032	733 517,48	0,87
7,50 % BOI Finance BV -Reg- (MTN) 2022/2027 ........	EUR	880 000	880 000	%	81,539	747 356,76	0,89
0,75 % CK Hutchison Europe Finance 21 Ltd
(MTN) 2021/2029 ..........................	EUR	1 000 000	1 000 000	%	82,31	857 299,39	1,02
3,875 % Colombia Government International Bond (MTN)
2016/2026 ...............................	EUR	900 000	900 000	%	94,757	888 246,95	1,05
5,00 % Consolidated Energy Finance SA -Reg- (MTN)
2021/2028 ...............................	EUR	1 040 000	%	81,913	887 291,01	1,05
2,75 % Emirates Telecommunications Group Co. PJSC
(MTN) 2014/2026 ..........................	EUR	700 000	700 000	%	99,832	727 859,78	0,86
1,00 % Eurasian Development Bank (MTN) 2021/2026 ...	EUR	500 000	500 000	%	59,608	310 423,41	0,37
7,125 % NAK Naftogaz Ukraine Via Kondor Finance PLC
(MTN) 2019/2024 ..........................	EUR	500 000	500 000	%	33,695	175 475,05	0,21
2,25 % Nemak SAB de CV -Reg- (MTN) 2021/2028 .....	EUR	880 000	%	72,042	660 310,72	0,78
2,085 % Prosus NV -Reg- (MTN) 2022/2030 * ...........	EUR	900 000	900 000	%	76,465	716 778,74	0,85
3,75 % Teva Pharmaceutical Finance Netherlands II BV
(MTN) 2021/2027 ..........................	EUR	500 000	500 000	%	84,916	442 221,08	0,52
6,25 % Petrobras Global Finance BV (MTN) 2011/2026 . . .	GBP	500 000	300 000	%	97,348	591 948,84	0,70
3,50 % Abu Dhabi Commercial Bank PJSC (MTN)
2022/2027 ...............................	USD	1 000 000	1 000 000	%	96,919	969 190,00	1,15
4,60 % Abu Dhabi Crude Oil Pipeline LLC -Reg-
2017/2047 ...............................	USD	1 000 000	%	94,811	948 110,00	1,12
5,10 % AC Energy Finance International Ltd (MTN)
2020/perpetual ............................	USD	1 000 000	%	95,339	953 390,00	1,13
9,125 % Access Bank PLC -Reg- 2021/perpetual ** ......	USD	1 000 000	%	81,298	812 980,00	0,96
5,95 % Acwa Power Management And Investments
One Ltd -Reg- 2017/2039 ....................	USD	998 000	100	%	101,608	1 014 047,84	1,20
2,875 % Africa Finance Corp. -Reg- (MTN) 2021/2028 ....	USD	500 000	500 000	%	86,83	434 150,00	0,52
2,40 % Airport Authority 2020/perpetual ** ............	USD	1 000 000	%	86,235	862 350,00	1,02
5,125 % Akbank TAS -Reg- (MTN) 2015/2025 ...........	USD	500 000	500 000	%	88,266	441 330,00	0,52
2,125 % Alibaba Group Holding Ltd (MTN) 2021/2031 * ...	USD	1 000 000	%	82,816	828 160,00	0,98
3,375 % AngloGold Ashanti Holdings PLC (MTN)
2021/2028 ...............................	USD	1 000 000	%	85,338	853 380,00	1,01
1,00 % Argentine Republic Government International
Bond (MTN) 2020/2029 .....................	USD	1 700 000	600 000	%	22,614	384 438,00	0,46
3,064 % Axiata Spv5 Labuan Ltd (MTN) 2020/2050 * .....	USD	1 000 000	%	71,49	714 900,00	0,85
3,125 % Banco de Credito del Peru SA -Reg- (MTN)
2020/2030 ** .............................	USD	700 000	%	91,411	639 877,00	0,76
6,75 % Banco Mercantil del Norte SA Grand Cayman
-Reg- 2019/perpetual ** * ...................	USD	1 000 000	%	94,674	946 740,00	1,12
5,00 % Bangkok Bank PCL/Hong Kong -Reg-
2020/perpetual ** .........................	USD	500 000	500 000	%	91,453	457 265,00	0,54
4,30 % Bangkok Bank PCL/Hong Kong (MTN) 2022/2027 .	USD	500 000	500 000	%	100,133	500 665,00	0,59
3,255 % Bank Hapoalim BM -144A- 2021/2032 ** .......	USD	700 000	%	85,28	596 960,00	0,71
4,75 % Bank Muscat SAOG (MTN) 2021/2026 .........	USD	800 000	200 000	%	96,399	771 192,00	0,92
4,50 % Braskem Netherlands Finance BV -Reg-
2017/2028 * ..............................	USD	1 000 000	200 000	%	90,376	903 760,00	1,07
2,75 % Burgan Bank SAK 2020/2031 ** ..............	USD	1 000 000	%	82,994	829 940,00	0,98
2,00 % CBQ Finance Ltd (MTN) 2021/2026 ............	USD	1 000 000	1 000 000	%	91,808	918 080,00	1,09
1,46 % China Construction Bank Corp/Hong Kong
(MTN) 2021/2026 ..........................	USD	700 000	700 000	%	92,6	648 200,00	0,77
4,375 % CIBANCO SA Institucion de Banca Multiple Trust
CIB/3332 -Reg- (MTN) 2021/2031 * ............	USD	1 000 000	%	72,536	725 360,00	0,86
4,95 % Colombia Telecomunicaciones SA ESP -Reg-
(MTN) 2020/2030 ..........................	USD	1 000 000	%	79,096	790 960,00	0,94
3,30 % DBS Group Holdings Ltd (MTN) 2020/perpetual **	USD	1 500 000	%	94,861	1 422 915,00	1,69
8,00 % Digicel Group Holdings Ltd -Reg- (MTN) 2020/2025  USD	614 833	9 086	%	68,619	421 892,26	0,50
7,875 % DNO ASA -144A- (MTN) 2021/2026 ............	USD	920 000	%	97,306	895 215,20	1,06
5,875 % Ecopetrol SA 2014/2045 * ...................	USD	1 000 000	%	67,868	678 680,00	0,81
4,125 % Ecopetrol SA 2014/2025 * ...................	USD	1 000 000	%	92,558	925 580,00	1,10
1,639 % Emirates Development Bank PJSC (MTN)
2021/2026 ...............................	USD	800 000	%	91,805	734 440,00	0,87
3,83 % Empresa de los Ferrocarriles del Estado -Reg-
2021/2061 ...............................	USD	1 000 000	%	71,694	716 940,00	0,85
4,875 % Enel Chile SA (MTN) 2018/2028 ..............	USD	1 000 000	%	96,786	967 860,00	1,15
2,625 % Equate Petrochemical BV -Reg- (MTN) 2021/2028	USD	1 000 000	%	89,03	890 300,00	1,06
4,317 % Fenix Power Peru SA -Reg- (MTN) 2017/2027 ...	USD	786 765	39 705	%	93,489	735 538,46	0,87
4,25 % Fresnillo PLC -Reg- 2020/2050 * ..............	USD	1 000 000	%	73,98	739 800,00	0,88
2,16 % Galaxy Pipeline Assets Bidco Ltd -Reg- 2021/2034	USD	960 860	289 140	%	85,213	818 777,63	0,97
2,98 % GC Treasury Center Co. (MTN) 2021/2031 ......	USD	500 000	500 000	%	83,503	417 515,00	0,50
9,25 % Genel Energy Finance 4 PLC -144A- (MTN)
2020/2025 ...............................	USD	1 000 000	%	98,421	984 210,00	1,17
2,50 % Globe Telecom, Inc. (MTN) 2020/2030 .........	USD	1 000 000	%	79,957	799 570,00	0,95
5,50 % Greenko Wind Projects Mauritius Ltd -Reg-
2022/2025 * ..............................	USD	850 000	850 000	%	93,28	792 880,00	0,94
| Wertpapierbezeichnung | Stück bzw. Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Währung	Bestand	im Berichtszeitraum	USD	vermögen |
| 5,95 % Grupo Bimbo SAB de CV -Reg- 2018/perpetual ** | USD | 800 000 |  | 200 000 | % | 97,719 | 781 752,00 | 0,93 |
| 5,00 % Grupo Televisa SAB 2014/2045 ...............  | USD | 500 000 |  | 500 000 | % | 93,602 | 468 010,00 | 0,56 |
| 4,25 % GUSAP III LP -Reg- 2019/2030 * ..............  | USD | 1 000 000 |  |  | % | 91,206 | 912 060,00 | 1,08 |
| 3,25 % Hana Bank (MTN) 2022/2027 .................  4,125 % Hanwha Energy USA Holdings Corp. -Reg- 2022/2025 ...............................  | USD USD | 800 000 1 000 000 | 1 000 000 1 000 000 | 200 000 | % % | 96,544 100,308 | 772 352,00 1 003 080,00 | 0,92 1,19 |
| 2,00 % HPHT Finance 21 Ltd (MTN) 2021/2026 ........  | USD | 750 000 |  |  | % | 92,697 | 695 227,50 | 0,82 |
| 12,75 % ICL Group Ltd -144A- 2018/2038 ..............  | USD | 500 000 | 500 000 |  | % | 98,702 | 493 510,00 | 0,58 |
| 6,25 % India Airport Infra -Reg- 2021/2025 * ...........  | USD | 490 000 |  |  | % | 89,547 | 438 780,30 | 0,52 |
| 3,825 % Interconexion Electrica SA ESP -Reg- 2021/2033 . | USD | 950 000 | 200 000 |  | % | 83,108 | 789 526,00 | 0,94 |
| 4,375 % Inversiones CMPC SA -Reg- (MTN) 2017/2027 ...  | USD | 700 000 | 700 000 |  | % | 95,721 | 670 047,00 | 0,80 |
| 6,125 % Itau Unibanco Holding SA -Reg- 2017/perpetual ** * | USD | 750 000 |  |  | % | 96,343 | 722 572,50 | 0,86 |
| 5,375 % Japfa Comfeed Tbk PT (MTN) 2021/2026 .......  | USD | 1 000 000 |  |  | % | 80,25 | 802 500,00 | 0,95 |
| 11,50 % Kaisa Group Holdings Ltd 2019/2023 ...........  | USD | 1 000 000 |  |  | % | 13,863 | 138 630,00 | 0,16 |
| 4,00 % KB Kookmin Card Co., Ltd 2022/2025 ..........  | USD | 700 000 | 700 000 |  | % | 99,274 | 694 918,00 | 0,82 |
| 6,875 % Kenbourne Invest SA -Reg- (MTN) 2019/2024 ....  | USD | 1 000 000 |  |  | % | 91,319 | 913 190,00 | 1,08 |
| 4,50 % Kookmin Bank (MTN) 2019/2029 * ............  | USD | 800 000 |  | 200 000 | % | 99,132 | 793 056,00 | 0,94 |
| 4,50 % Kuwait Projects Co., SPC, Ltd (MTN) 2017/2027 . | USD | 1 000 000 |  |  | % | 80,168 | 801 680,00 | 0,95 |
| 4,35 % Lima Metro Line 2 Finance Ltd -Reg- 2019/2036 . | USD | 666 122 |  | 17 122 | % | 90,213 | 600 928,62 | 0,71 |
| 6,875 % LLPL Capital Pte Ltd -Reg- 2019/2039 ..........  7,25 % MC Brazil Downstream Trading SARL -Reg- (MTN) 2021/2031 ..........................  | USD USD | 828 115 800 000 | 224 175 | 23 750 | % % | 93,365 81,173 | 773 169,57 649 384,00 | 0,92 0,77 |
| 3,05 % Meituan -Reg- (MTN) 2020/2030 ..............  5,625 % Melco Resorts Finance Ltd -Reg- (MTN) 2019/2027 ..........................  | USD USD | 1 000 000 750 000 |  |  | % % | 75,175 67,471 | 751 750,00 506 032,50 | 0,89 0,60 |
| 4,625 % Minejesa Capital BV -Reg- 2017/2030 ..........  | USD | 1 000 000 |  |  | % | 89,785 | 897 850,00 | 1,07 |
| 1,625 % MTR Corp., Ltd (MTN) 2020/2030 .............  | USD | 1 000 000 |  |  | % | 83,745 | 837 450,00 | 0,99 |
| 3,552 % Muang Thai Life Assurance 2021/2037 ** ...... 6,00 % Natura &Co Luxembourg Holdings Sarl -Reg- (MTN) 2022/2029 * ........................  | USD USD | 700 000 750 000 | 700 000 1 000 000 | 250 000 | % % | 90,099 88,431 | 630 693,00 663 232,50 | 0,75 0,79 |
| 4,125 % NWD Ltd (MTN) 2019/2029 ..................  | USD | 750 000 |  |  | % | 88,464 | 663 480,00 | 0,79 |
| 10,00 % Oi SA (MTN) 2018/2025 .....................  2,625 % Ooredoo International Finance Ltd -Reg- (MTN) 2021/2031 ..........................  | USD USD | 1 000 000 1 000 000 |  | 250 000 | % % | 50,531 86,949 | 505 310,00 869 490,00 | 0,60 1,03 |
| 5,125 % OQ SAOC -Reg- (MTN) 2021/2028 ............  | USD | 700 000 |  | 300 000 | % | 94,601 | 662 207,00 | 0,79 |
| 6,625 % Oztel Holdings SPC Ltd -Reg- (MTN) 2018/2028 ..  | USD | 500 000 |  |  | % | 100,956 | 504 780,00 | 0,60 |
| 7,375 % Pampa Energia SA -Reg- (MTN) 2016/2023 * ....  | USD | 1 000 000 |  |  | % | 98,069 | 980 690,00 | 1,16 |
| 2,625 % QNB Finance Ltd (MTN) 2020/2025 ............  | USD | 1 000 000 | 1 000 000 |  | % | 96,146 | 961 460,00 | 1,14 |
| 2,75 % REC Ltd (MTN) 2021/2027 ...................  4,625 % Resorts World Las Vegas LLC / RWLV Capital, Inc. -Reg- (MTN) 2019/2029 ..................  | USD USD | 500 000 1 000 000 |  |  | % % | 90,538 83,104 | 452 690,00 831 040,00 | 0,54 0,99 |
| 2,15 % SABIC Capital I BV (MTN) 2020/2030 ..........  | USD | 1 500 000 |  |  | % | 85,047 | 1 275 705,00 | 1,51 |
| 4,45 % Saka Energi Indonesia PT -Reg- (MTN) 2017/2024 | USD | 1 000 000 |  |  | % | 92,034 | 920 340,00 | 1,09 |
| 2,75 % Samba Funding Ltd (MTN) 2019/2024 ..........  | USD | 950 000 | 950 000 |  | % | 96,88 | 920 360,00 | 1,09 |
| 3,10 % Sands China Ltd -Reg- (MTN) 2021/2029 * ......  | USD | 1 000 000 |  |  | % | 70,002 | 700 020,00 | 0,83 |
| 13,00 % Scenery Journey Ltd 2018/2022 ..............  | USD | 1 000 000 |  |  | % | 7,112 | 71 120,00 | 0,08 |
| 3,75 % Shinhan Bank Co., Ltd -Reg- (MTN) 2017/2027 ...  | USD | 700 000 |  | 800 000 | % | 96,108 | 672 756,00 | 0,80 |
| 3,00 % Singapore Airlines Ltd (MTN) 2021/2026 ........  | USD | 1 250 000 |  |  | % | 95,258 | 1 190 725,00 | 1,41 |
| 2,375 % SK Hynix, Inc. -Reg- (MTN) 2021/2031 .........  4,875 % SURA Asset Management SA -Reg- (MTN) 2014/2024 * ........................  | USD USD | 1 000 000 1 000 000 | 1 000 000 |  | % % | 78,898 99,453 | 788 980,00 994 530,00 | 0,94 1,18 |
| 2,875 % Swire Pacific Mtn Financing HK Ltd (MTN) 2020/2030 * ........................  | USD | 700 000 |  | 300 000 | % | 90,185 | 631 295,00 | 0,75 |
| 2,80 % Teva Pharmaceutical Finance Netherlands III BV (MTN) 2016/2023 ..........................  | USD | 800 000 |  |  | % | 96,572 | 772 576,00 | 0,92 |
| 4,10 % Teva Pharmaceutical Finance Netherlands III BV 2016/2046 ...............................  | USD | 500 000 |  |  | % | 62,9 | 314 500,00 | 0,37 |
| 2,50 % Thaioil Treasury Center Co., Ltd -Reg- (MTN) |  |  |  |  |  |  |  |  |
| 2020/2030 ...............................  | USD | 500 000 | 1 000 000 | 500 000 | % | 80,643 | 403 215,00 | 0,48 |
| 4,125 % TSMC Arizona Corp. (MTN) 2022/2029 * .......  6,875 % Turk Telekomunikasyon AS -Reg- (MTN) 2019/2025 ...............................  | USD USD | 860 000 500 000 | 860 000 | 300 000 | % % | 99,783 89,571 | 858 133,80 447 855,00 | 1,02 0,53 |
| 5,75 % Turkiye Ihracat Kredi Bankasi AS -Reg- (MTN) 2021/2026 * ..............................  | USD | 500 000 |  |  | % | 83,72 | 418 600,00 | 0,50 |
| 6,95 % Turkiye Sise ve Cam Fabrikalari AS -Reg- (MTN) 2019/2026 ...............................  | USD | 600 000 |  | 200 000 | % | 89,331 | 535 986,00 | 0,64 |
| 5,25 % Turkiye Vakiflar Bankasi TAO -Reg- (MTN) 2020/2025 ...............................  | USD | 750 000 |  |  | % | 87,655 | 657 412,50 | 0,78 |
| 7,75 % Ukraine Government International Bond -Reg- (MTN) 2015/2024 ..........................  | USD | 500 000 | 500 000 |  | % | 25,584 | 127 920,00 | 0,15 |
| 3,75 % United Overseas Bank Ltd -Reg- (MTN) |  |  |  |  |  |  |  |  |
| 2019/2029 ** .............................  | USD | 1 000 000 | 500 000 | % | 99,236 | 992 360,00 | 1,18 |
| 5,25 % UPL Corp., Ltd 2020/perpetual ** * ...........  | USD | 700 000 |  | % | 77,2 | 540 400,00 | 0,64 |
| 6,125 % Vedanta Resources Ltd -Reg- (MTN) 2017/2024 ..  | USD | 1 000 000 |  | % | 61,354 | 613 540,00 | 0,73 |
| 5,50 % Wynn Macau Ltd -Reg- (MTN) 2017/2027 .......  5,85 % Yapi ve Kredi Bankasi AS -Reg- (MTN) 2017/2024 * ..............................  | USD USD | 750 000 750 000 | 250 000 | % % | 64,95 92,535 | 487 125,00 694 012,50 | 0,58 0,82 |
| Summe Wertpapiervermögen | 80 270 862,35 | 95,23 |

| Stück bzw. Wertpapierbezeichnung	Anteile bzw. | Nominalbetrag bzw. | Käufe/ Zugänge | Verkäufe/ Abgänge | Währung | Kurs | Kurswert in | %-Anteil am Fonds- |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Währung	Bestand	im Berichtszeitraum	USD	vermögen |
| Derivate (Bei den mit Minus gekennzeichneten Beständen handelt es sich um verkaufte Positionen) |  |  |  |  |  |
| Derivate auf einzelne Wertpapiere |  |  |  | 0,00 | 0,00 |
| Wertpapier-Optionsscheine |  |  |  |  |  |
| Optionsscheine auf Aktien OAS Finance Ltd 21/01/2039 .........................	Stück	365 867 |  |  | BRL | 0,00 | 0,00 |
| Zins-Derivate Forderungen/Verbindlichkeiten |  |  |  | 136 601,52 | 0,16 |
| Zinsterminkontrakte US Treasury Notes 10 year Futures 09/2022 (DB) .........	Stück	-65 | 4 | 69 |  | 136 601,52 | 0,16 |
| Devisen-Derivate Forderungen/Verbindlichkeiten |  |  |  | -211 797,31 | -0,25 |
| Devisentermingeschäfte |  |  |  |  |  |
| Devisentermingeschäfte (Kauf) |  |  |  |  |  |
| Offene Positionen CHF/USD 3,2 Mio. .................................  |  |  |  | 112 448,34 | 0,13 |
| EUR/USD 55,7 Mio. ................................  |  |  |  | -374 822,57 | -0,44 |
| SEK/USD 0,1 Mio. .................................  |  |  |  | -142,31 | 0,00 |
| SGD/USD 0,1 Mio. .................................  |  |  |  | -56,28 | 0,00 |
| Geschlossene Positionen EUR/USD 0,2 Mio. .................................  |  |  |  | 1 280,44 | 0,00 |
| SGD/USD 0,1 Mio. .................................  |  |  |  | 2,21 | 0,00 |
| Devisentermingeschäfte (Verkauf) |  |  |  |  |  |
| Offene Positionen USD/EUR 7,9 Mio. .................................  |  |  |  | 48 594,42 | 0,06 |
| USD/GBP 0,6 Mio. .................................  |  |  |  | 898,44 | 0,00 |
| Bankguthaben |  |  |  | 4 606 002,03 | 5,47 |
| Verwahrstelle (täglich fällig) EUR-Guthaben ....................................	EUR	48 913 |  |  |  | 50 945,25 | 0,06 |
| Guthaben in sonstigen EU/EWR-Währungen |  |  |  |  |  |
| Schwedische Kronen ...............................	SEK	209 731 |  |  |  | 20 395,49 | 0,03 |
| Guthaben in Nicht-EU/EWR-Währungen |  |  |  |  |  |
| Britisches Pfund ...................................	GBP	30 749 |  |  |  | 37 395,96 | 0,05 |
| Hongkong Dollar ...................................	HKD	1 |  |  |  | 0,04 | 0,00 |
| Kanadischer Dollar .................................	CAD	263 |  |  |  | 203,78 | 0,00 |
| Mexikanischer Peso ................................	MXN	1 |  |  |  | 0,03 | 0,00 |
| Russischer Rubel ..................................	RUB	1 |  |  |  | 0,02 | 0,00 |
| Schweizer Franken .................................	CHF	458 |  |  |  | 478,90 | 0,00 |
| Singapur Dollar ....................................	SGD	12 971 |  |  |  | 9 312,65 | 0,01 |
| Türkische Lira .....................................	TRY	26 080 |  |  |  | 1 562,21 | 0,00 |
| US-Dollar	USD |  |  |  | 4 485 707,70 | 5,32 |
| Sonstige Vermögensgegenstände |  |  |  | 2 102 119,77 | 2,49 |
| Zinsansprüche .....................................  |  |  |  | 1 373 190,25 | 1,63 |
| Forderungen aus der Überschreitung des „Expense Cap“ ..  |  |  |  | 45 651,42 | 0,05 |
| Sonstige Ansprüche ................................  |  |  |  | 683 278,10 | 0,81 |
| Forderungen aus Anteilscheingeschäften |  |  |  | 48 740,79 | 0,06 |
| Summe der Vermögensgegenstände *** |  |  |  | 87 327 550,31 | 103,60 |
| Sonstige Verbindlichkeiten |  |  |  | -2 544 149,37 | -3,02 |
| Andere sonstige Verbindlichkeiten .....................  |  |  |  | -2 544 149,37 | -3,02 |
| Verbindlichkeiten aus Anteilscheingeschäften |  |  |  | -117 079,90 | -0,14 |
| Summe der Verbindlichkeiten |  |  |  | -3 036 250,43 | -3,60 |
| Fondsvermögen |  |  |  | 84 291 299,88 | 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 CHF FCH ...................................  | CHF | 103,00 |
| Klasse FCH .......................................  | EUR | 131,55 |
| Klasse LC (BRIC) ..................................  | EUR | 0,00 |
| Klasse LCH .......................................  | EUR | 123,59 |
| Klasse LDH .......................................  | EUR | 76,51 |
| Klasse NCH ......................................  | EUR | 118,04 |
| Klasse ND ........................................  | EUR | 97,55 |
| Klasse NDH ......................................  | EUR | 76,10 |
| Klasse NDQH .....................................  | EUR | 72,00 |
| Klasse PFCH ......................................  | EUR | 94,23 |
| Klasse PFDQH ....................................  | EUR | 69,59 |
| Klasse TFCH ......................................  | EUR | 89,00 |
| Klasse TFDH ......................................  | EUR | 72,98 |
| Klasse SEK LCH ...................................  | SEK | 1 026,02 |
| Klasse SGD LDMH .................................  | SGD | 7,94 |
| Klasse USD FC ....................................  | USD | 161,53 |
| Klasse USD LC ....................................  | USD | 148,76 |
| Klasse USD LD ....................................  | USD | 78,90 |
| Klasse USD LDM ..................................  | USD | 84,41 |
| Klasse USD RC ....................................  | USD | 104,08 |
| Klasse USD TFC ...................................  | USD | 97,85 |
| Klasse USD TFD ...................................  | USD | 80,23 |
| Umlaufende Anteile Klasse CHF FCH ...................................  | Stück | 30 209,678 |
| Klasse FCH .......................................  | Stück | 108 102,973 |
| Klasse LCH .......................................  | Stück | 55 402,448 |
| Klasse LDH .......................................  | Stück | 227 239,939 |
| Klasse NCH ......................................  | Stück | 104 843,598 |
| Klasse ND ........................................  | Stück | 4 126,059 |
| Klasse NDH ......................................  | Stück | 14 316,354 |
| Klasse NDQH .....................................  | Stück | 16 086,000 |
| Klasse PFCH ......................................  | Stück | 8 087,000 |
| Klasse PFDQH ....................................  | Stück | 8 438,000 |
| Klasse TFCH ......................................  | Stück | 304,888 |
| Klasse TFDH ......................................  | Stück | 20,000 |
| Klasse SEK LCH ...................................  | Stück | 84,000 |
| Klasse SGD LDMH .................................  | Stück | 4 830,000 |
| Klasse USD FC ....................................  | Stück | 1 404,415 |
| Klasse USD LC ....................................  | Stück | 21 294,803 |
| Klasse USD LD ....................................  | Stück | 69 572,045 |
| Klasse USD LDM ..................................  | Stück | 830,175 |
| Klasse USD RC ....................................  | Stück | 104 690,000 |
| Klasse USD TFC ...................................  | Stück | 24,000 |
| Klasse USD TFD ...................................  | Stück | 50 001,000 |

Zusammensetzung des Referenzportfolios (gem. CSSF-Rundschreiben 11/512) JPM CEMBI Broad Diversified
Potenzieller Risikobetrag für das Marktrisiko (gem. CSSF-Rundschreiben 11/512)
| kleinster potenzieller Risikobetrag .....................  | % | 66,870 |
| --- | --- | --- |
| größter potenzieller Risikobetrag  .....................  | % | 127,046 |
| durchschnittlicher potenzieller Risikobetrag . . . . . . . . . . . . . | % | 108,132 |

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 USD 17 692 351,29. Berücksichtigung gegebenenfalls auf Ebene von Anteilklassen zum Zwecke der Währungsabsicherung abgeschlossener Devisentermingeschäfte.
 Marktschlüssel	 Terminbörsen
DB = Deutsche Bank AG Frankfurt
Vertragspartner der Devisentermingeschäfte
Deutsche Bank AG, HSBC France, Morgan Stanley Europe SE, Royal Bank of Canada (UK), State Street Bank International GmbH und UBS AG.
Erläuterungen zu den Wertpapier-Darlehen
Folgende Wertpapiere sind zum Berichtsstichtag als Wertpapier-Darlehen übertragen:
| Wertpapierbezeichnung | Währung bzw. Nominal in Stück | Nominalbetrag bzw. Bestand | Wertpapier-Darlehen Kurswert in USD unbefristet | gesamt |
| --- | --- | --- | --- | --- |
| 2,085 % Prosus NV -Reg- (MTN) 2022/2030 ...........  | EUR | 100 000 | 79 642,08 |  |
| 2,125 % Alibaba Group Holding Ltd (MTN) 2021/2031 ...  | USD | 1 000 000 | 828 160,00 |  |
| 3,064 % Axiata Spv5 Labuan Ltd (MTN) 2020/2050 .....  | USD | 600 000 | 428 940,00 |  |
| 6,75 % Banco Mercantil del Norte SA Grand Cayman |  |  |  |  |
| -Reg- 2019/perpetual ** ....................  | USD | 700 000 | 662 718,00 |  |
| 4,50  % Braskem Netherlands Finance BV -Reg- 2017/2028 | USD | 500 000 | 451 880,00 |  |
| 4,375 % CIBANCO SA Institucion de Banca Multiple Trust |  |  |  |  |
| CIB/3332 -Reg- (MTN) 2021/2031 ............  | USD | 200 000 | 145 072,00 |  |
| 5,875 % Ecopetrol SA 2014/2045 ...................  | USD | 500 000 | 339 340,00 |  |
| 4,125 % Ecopetrol SA 2014/2025 ...................  | USD | 200 000 | 185 116,00 |  |
| 4,25  % Fresnillo PLC -Reg- 2020/2050 ..............  | USD | 800 000 | 591 840,00 |  |
| 5,50  % Greenko Wind Projects Mauritius Ltd -Reg- |  |  |  |  |
| 2022/2025 ..............................  | USD | 400 000 | 373 120,00 |  |
| 4,25  % GUSAP III LP -Reg- 2019/2030 ..............  | USD | 500 000 | 456 030,00 |  |
| 6,25 % India Airport Infra -Reg- 2021/2025 ...........  | USD | 490 000 | 438 780,30 |  |
| 6,125 % Itau Unibanco Holding SA -Reg- 2017/perpetual ** | USD | 750 000 | 722 572,50 |  |
| 4,50  % Kookmin Bank (MTN) 2019/2029 ............  | USD | 800 000 | 793 056,00 |  |
| 6,00  % Natura &Co Luxembourg Holdings Sarl -Reg- |  |  |  |  |
| (MTN) 2022/2029 ........................  | USD | 500 000 | 442 155,00 |  |
| 7,375 % Pampa Energia SA -Reg- (MTN) 2016/2023 ....  | USD | 500 000 | 490 345,00 |  |
| 3,10  % Sands China Ltd -Reg- (MTN) 2021/2029 ......  | USD | 800 000 | 560 016,00 |  |
| 4,875 % SURA Asset Management SA -Reg- |  |  |  |  |
| (MTN) 2014/2024 ........................  | USD | 715 000 | 711 088,95 |  |
| 2,875 % Swire Pacific Mtn Financing HK Ltd |  |  |  |  |
| (MTN) 2020/2030 ........................  | USD | 500 000 | 450 925,00 |
| 4,125 % TSMC Arizona Corp. (MTN) 2022/2029  .......  | USD | 800 000 | 798 264,00 |
| 5,75  % Turkiye Ihracat Kredi Bankasi AS -Reg- |  |  |  |
| (MTN) 2021/2026 ........................  | USD | 200 000 | 167 440,00 |
| 5,25  % UPL Corp., Ltd 2020/perpetual ** ............  | USD | 500 000 | 386 000,00 |
| 5,85  % Yapi ve Kredi Bankasi AS -Reg- (MTN) 2017/2024 | USD | 500 000 | 462 675,00 |

Gesamtbetrag der Rückerstattungsansprüche aus Wertpapier-Darlehen	10 965 175,83 10 965 175,83 Vertragspartner der Wertpapier-Darlehen
Barclays Bank Ireland PLC FI, BNP Paribas S.A., Crédit Suisse Securities Sociedad de Valores S.A. FI, Deutsche Bank AG FI, Goldman Sachs Bank Europe SE EQ, J.P. Morgan AG FI,
Morgan Stanley Europe SE FI, Nomura Financial Products Europe GmbH
| Gesamtbetrag der bei Wertpapier-Darlehen von Dritten gewährten Sicherheiten | USD | 13 562 975,55 |
| --- | --- | --- |
| davon: |  |  |
| Schuldverschreibungen | USD | 10 813 260,88 |
| Aktien | USD | 2 749 714,67 |
| Devisenkurse (in Mengennotiz) |  |  |

per 30.6.2022
| Brasilianischer Real ..............  | BRL | 5,250550 | = | USD | 1 |
| --- | --- | --- | --- | --- | --- |
| Kanadischer Dollar ...............  | CAD | 1,289450 | = | USD | 1 |
| Schweizer Franken ...............  | CHF | 0,955750 | = | USD | 1 |
| Euro ..........................  | EUR | 0,960108 | = | USD | 1 |
| Britisches Pfund .................  | GBP | 0,822267 | = | USD | 1 |
| Hongkong Dollar .................  | HKD | 7,846400 | = | USD | 1 |
| Mexikanischer Peso ..............  | MXN | 20,212500 | = | USD | 1 |
| Russischer Rubel ................  | RUB | 54,300000 | = | USD | 1 |
| Schwedische Kronen .............  | SEK | 10,283200 | = | USD | 1 |
| Singapur Dollar ..................  | SGD | 1,392850 | = | USD | 1 |
| Türkische Lira ...................  | TRY | 16,694250 | = | USD | 1 |
| Erläuterungen zur Bewertung |  |  |  |  |  |

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