# Sector Positioning
Security Holdings (excl. Derivatives)
Contribution to Duration Times Spread (incl. Derivatives)
|  | Fund | Index | Relative | Fund | Index | Relative |
| --- | --- | --- | --- | --- | --- | --- |
| Treasury | 0.14 | 0.00 | 0.14 | 0 | 0 | 0 |
| Quasi / Sov / Supra / Agncy | 0.93 | 0.02 | 0.91 | 19 | 0 | 19 |
| Agency Mortgages | 0.00 | 0.00 | 0.00 | 0 | 0 | 0 |
| Banks & Brokers | 27.80 | 27.47 | 0.33 | 389 | 230 | 159 |
| Insurance | 8.28 | 5.96 | 2.32 | 119 | 79 | 40 |
| Property | 2.73 | 3.03 | -0.30 | 50 | 37 | 12 |
| Other Financials | 3.92 | 2.56 | 1.37 | 65 | 33 | 32 |
| Basic Industry | 3.37 | 2.96 | 0.41 | 73 | 42 | 31 |
| Capital Goods | 3.61 | 4.71 | -1.11 | 39 | 50 | -11 |
| Consumer Cyclical | 5.87 | 7.00 | -1.13 | 86 | 64 | 23 |
| Consumer Non Cyclical | 7.96 | 13.32 | -5.36 | 129 | 162 | -32 |
| Energy | 0.51 | 6.01 | -5.50 | 5 | 86 | -80 |
| Transportation | 4.18 | 3.02 | 1.16 | 85 | 38 | 47 |
| Technology | 7.16 | 6.84 | 0.31 | 129 | 76 | 54 |
| Communications | 4.43 | 7.80 | -3.36 | 110 | 122 | -12 |
| Industrial Other | 0.00 | 0.86 | -0.86 | 0 | 11 | -11 |
| Utility | 11.27 | 8.42 | 2.85 | 228 | 118 | 111 |
| Covered | 0.00 | 0.00 | 0.00 | 0 | 0 | 0 |
| Non Agency | 0.12 | 0.00 | 0.12 | 5 | 0 | 5 |
| ABS / MBS | 1.01 | 0.02 | 0.99 | 8 | 0 | 7 |
| Unclassified | 0.00 | 0.00 | 0.00 | 0 | 0 | 0 |
| Index Credit Default Swaps | 0.00 | 0.00 | 0.00 | 0 | 0 | 0 |
| Interest Rate Derivatives | 0.00 | 0.00 | 0.00 | 0 | 0 | 0 |
| FX / Derivative P&L | 0.47 | 0.00 | 0.47 | -21 | 0 | -21 |
| Cash | 6.24 | 0.00 | 6.24 | 0 | 0 | 0 |
| Rounding adjustment | 0.00 | 0.00 | - | 0 | -2 | -2 |
| Total | 100.00 | 100.00 | - | 1518 | 1146 | 371 |

Security Holdings as a percent of total net assets. Contribution to duration-times-spread (DTS) in the appropriate unit of measure. DTS includes the effect of derivatives. ‘FX / Derivative P&L’ includes collateral balances with counterparties arising from derivatives used in the fund (this can lead to a negative balance).

Translation (ENDE, 2022-08-31):
# Branchen-Aufteilung
Wertpapierbestände (ohne Derivate)
Beitrag zu Duration Times Spread (mit Derivaten)
|  | Fonds | Index | Relativ | Fonds | Index | Relativ |
| --- | --- | --- | --- | --- | --- | --- |
| Staatsanleihen | 0,14 | 0,00 | 0,14 | 0 | 0 | 0 |
| Quasi - Staatsanleihen | 0,93 | 0,02 | 0,91 | 19 | 0 | 19 |
| Agency-Hypotheken | 0,00 | 0,00 | 0,00 | 0 | 0 | 0 |
| Banken & Broker | 27,80 | 27,47 | 0,33 | 389 | 230 | 159 |
| Versicherungen | 8,28 | 5,96 | 2,32 | 119 | 79 | 40 |
| Immobilien | 2,73 | 3,03 | -0,30 | 50 | 37 | 12 |
| andere Finanzunternehmen | 3,92 | 2,56 | 1,37 | 65 | 33 | 32 |
| Basisindustrie | 3,37 | 2,96 | 0,41 | 73 | 42 | 31 |
| Investitionsgüter | 3,61 | 4,71 | -1,11 | 39 | 50 | -11 |
| Zyklische Konsumgüter | 5,87 | 7,00 | -1,13 | 86 | 64 | 23 |
| Nichtzyklische Konsumwerte | 7,96 | 13,32 | -5,36 | 129 | 162 | -32 |
| Energie | 0,51 | 6,01 | -5,50 | 5 | 86 | -80 |
| Transport | 4,18 | 3,02 | 1,16 | 85 | 38 | 47 |
| Technologie | 7,16 | 6,84 | 0,31 | 129 | 76 | 54 |
| Kommunikation | 4,43 | 7,80 | -3,36 | 110 | 122 | -12 |
| Andere Industriezweige | 0,00 | 0,86 | -0,86 | 0 | 11 | -11 |
| Versorger | 11,27 | 8,42 | 2,85 | 228 | 118 | 111 |
| kursgesichert | 0,00 | 0,00 | 0,00 | 0 | 0 | 0 |
| Nicht staatlich | 0,12 | 0,00 | 0,12 | 5 | 0 | 5 |
| ABS / MBS | 1,01 | 0,02 | 0,99 | 8 | 0 | 7 |
| Ohne Zuordnung | 0,00 | 0,00 | 0,00 | 0 | 0 | 0 |
| Index Credit Default Swaps | 0,00 | 0,00 | 0,00 | 0 | 0 | 0 |
| Zinsderivate | 0,00 | 0,00 | 0,00 | 0 | 0 | 0 |
| FX/Derivative P&L | 0,47 | 0,00 | 0,47 | -21 | 0 | -21 |
| Liquide Mittel | 6,24 | 0,00 | 6,24 | 0 | 0 | 0 |
| Rundungsausgleich | 0,00 | 0,00 | - | 0 | -2 | -2 |
| Summe | 100,00 | 100,00 | - | 1518 | 1146 | 371 |

Wertpapierbestände in Prozent des Gesamtnettovermögens. Der Beitrag zu Duration Times Spread (DTS) ist in der entsprechenden Maßeinheit angegeben. DTS berücksichtigt auch den Effekt von Derivaten. "FX/Derivate G&V" enthält Salden mit Gegenparteien für Sicherheiten, die aus vom Fonds verwendeten Derivaten resultieren (negativer Saldo möglich).