# Portfolio Analysis
## Asset Allocation (%)
0	10	20	30	40	50	60	70	80	90	100	110
| Equity | 60.17 | 61.31 | 60.18 | 64.39 | 63.39 | 62.71 | 60.10 | 63.26 | 61.83 | 63.95 | 61.87 | 63.59 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Bonds | 39.83 | 38.69 | 39.82 | 35.61 | 36.61 | 37.29 | 39.90 | 36.74 | 38.17 | 36.05 | 38.13 | 36.41 |


## Currency Breakdown (%)
120
|  |  |  |
| --- | --- | --- |
|  |  |
|  |  |
|  |  |
|  |  |

100
80
60
40
20
0
|  | USD | EUR | SGD | JPY | GBP | NOK | Other |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | Portfolio | 99.07 | 0.91 | 0.23 | 0.03 | 0.01 | - | -0.25 |  |
| Equity Top 10 Holdings |  |  |  |  |
| Equity | Weighting (%) | Sector | Geography |  |
| Prologis Inc | 4.94 | Real Estate | United States |  |
| Equinix Inc | 2.88 | Real Estate | United States |  |
| AvalonBay Communities Inc | 2.73 | Real Estate | United States |  |
| Goodman Group | 2.72 | Real Estate | Australia |  |
| Capitaland Investment Ltd | 2.24 | Real Estate | Singapore |  |
| Xior Student Housing NV | 2.12 | Real Estate | Belgium |  |
| Vib Vermoegen AG | 1.97 | Real Estate | Germany |  |
| Duke Realty Corp | 1.91 | Real Estate | United States |  |
| American Homes 4 Rent | 1.89 | Real Estate | United States |  |
| CapitaLand Integrated Comme... | 1.82 | Real Estate | Singapore |  |
| Total (%) | 25.23 |  |  |  |
| Sector Breakdown (%) |  |  |  |  |
|  |  |  |  | Portfolio |
| Real estate |  |  |  | 100.00 |

-20
| Fixed Income |  |
| --- | --- |
| Top 10 Holdings |
| Name | Weighting (%) | Issuer country | Mod. Duration | Contribution |
| EURO-BUND FUTURE MAR22 Counter Expo | 8.79 | Germany | 0.0 | 0.00 |
| US 10YR ULTRA FUT JUN22 Counter Expo | 3.07 | United States | 0.0 | 0.00 |
| US 10YR NOTE (CBT)JUN22 Counter Expo | 2.62 | United States | 0.0 | 0.00 |
| Sun Hung Kai Properties 2.875% 01/21/2030 | 1.35 | Hong Kong | 7.0 | 0.09 |
| Segro Capital Sarl 0.5% 09/22/2031 | 1.14 | United Kingdom | 8.9 | 0.10 |
| Fonciere des Murs SCA 1% 07/27/2029 | 1.13 | France | 6.8 | 0.08 |
| Inmobiliaria Colonial SA 0.75% 06/22/2029 | 1.06 | Spain | 6.7 | 0.07 |
| Sagax AB 2.25% 03/13/2025 | 0.96 | Sweden | 2.6 | 0.03 |
| UDR Inc 4.4% 01/26/2029 | 0.90 | United States | 5.8 | 0.05 |
| SELP FINANCE Sarl 1.5% 12/20/2026 | 0.86 | Luxembourg | 4.4 | 0.04 |
| Total (%) | 21.88 |  |  |  |
| Maturity Breakdown (%) |  |  |  |  |

40
30
20
10
0	0 - 1 Year	1 - 3 years	3 - 5 years	5 - 7 years	7 - 10 years	10 - 15 years
Portfolio	2.10	4.52	27.60	27.44	37.81	0.53

Translation (ENDE, 2022-02-28):
# Portfolioanalyse
## Portfolio-Strukterierung (%)
0	10	20	30	40	50	60	70	80	90	100	110
| Aktien | 60.17 | 61.31 | 60.18 | 64.39 | 63.39 | 62.71 | 60.10 | 63.26 | 61.83 | 63.95 | 61.87 | 63.59 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Anleihen | 39.83 | 38.69 | 39.82 | 35.61 | 36.61 | 37.29 | 39.90 | 36.74 | 38.17 | 36.05 | 38.13 | 36.41 |

31/03/2021
30/04/2021
28/05/2021
30/06/2021
30/07/2021
31/08/2021
30/09/2021
29/10/2021
30/11/2021
31/12/2021
21/01/2022
28/02/2022

## Engagement nach Währung (%)
120
|  |  |  |
| --- | --- | --- |
|  |  |
|  |  |
|  |  |
|  |  |

100
80
60
40
20
0
|  | USD | EUR | SGD | JPY | GBP | NOK | Sonstige |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  | Portfolio | 99.07 | 0.91 | 0.23 | 0.03 | 0.01 | - | -0.25 |

-20
| Aktien Top 10 Positionen |  |
| --- | --- |
| Aktie | Gewichtung (%)	Sektor | Land |  |
| Prologis Inc | 4.94	Immobilien | Vereinigten Staaten |  |
| Equinix Inc | 2.88	Immobilien | Vereinigten Staaten |  |
| AvalonBay Communities Inc | 2.73	Immobilien | Vereinigten Staaten |  |
| Goodman Group | 2.72	Immobilien | Australien |  |
| Capitaland Investment Ltd | 2.24	Immobilien | Singapur |  |
| Xior Student Housing NV | 2.12	Immobilien | Belgien |  |
| Vib Vermoegen AG | 1.97	Immobilien | Deutschland |  |
| Duke Realty Corp | 1.91	Immobilien | Vereinigten Staaten |  |
| American Homes 4 Rent | 1.89	Immobilien | Vereinigten Staaten |  |
| CapitaLand Integrated Comme... | 1.82	Immobilien | Singapur |  |
| Summe (%) | 25.23 |  |  |
| Sektorengewichtung (%) |  |  |  |
|  |  |  | Portfolio |
| Immobilien |  |  | 100.00 |
| Anleihen Top 10 Positionen |  |  |  |
| Name | Gewichtung (%)	Investiert in | Mod. Duration | Beitrag |
| EURO-BUND FUTURE MAR22 Counter Expo | 8.79	Deutschland | 0.0 | 0.00 |
| US 10YR ULTRA FUT JUN22 Counter Expo | 3.07	Vereinigten Staaten | 0.0 | 0.00 |
| US 10YR NOTE (CBT)JUN22 Counter Expo | 2.62	Vereinigten Staaten | 0.0 | 0.00 |
| Sun Hung Kai Properties 2.875% 01/21/2030 | 1.35	Hong-Kong | 7.0 | 0.09 |
| Segro Capital Sarl 0.5% 09/22/2031 | 1.14	Großbritannien | 8.9 | 0.10 |
| Fonciere des Murs SCA 1% 07/27/2029 | 1.13	Frankreich | 6.8 | 0.08 |
| Inmobiliaria Colonial SA 0.75% 06/22/2029 | 1.06	Spanien | 6.7 | 0.07 |
| Sagax AB 2.25% 03/13/2025 | 0.96	Schweden | 2.6 | 0.03 |
| UDR Inc 4.4% 01/26/2029 | 0.90	Vereinigten Staaten | 5.8 | 0.05 |
| SELP FINANCE Sarl 1.5% 12/20/2026 | 0.86	Luxemburg | 4.4 | 0.04 |
| Summe (%) | 21.88 |  |  |


## Engagement nach Laufzeit (%)
40
30
20
10
0	0 - 1 Jahr	1 - 3 Jahre	3 - 5 Jahre	5 - 7 Jahre	7 - 10 Jahre	10 - 15 Jahre
Portfolio	2.10	4.52	27.60	27.44	37.81	0.53