# DWS Invest Top Asia
DWS INVEST TOP ASIA

### Performance of share classes vs. benchmark (in EUR)
| Share class | ISIN | 6 months |
| --- | --- | --- |
| Class LC | LU0145648290 | -6.6% |
| Class FC | LU0145649181 | -6.2% |
| Class LD | LU0145648456 | -6.6% |
| Class NC | LU0145648886 | -6.9% |
| Class TFC | LU1663946868 | -6.2% |
| Class TFD | LU1663948211 | -6.2% |
| Class GBP D RD 1 | LU0399358562 | -4.3% |
| Class USD FC 2 | LU0273174648 | -13.8% |
| Class USD LC 2 | LU0273161231 | -14.2% |
| Class USD TFC 2 | LU1663949888 | -13.8% |


##### MSCI AC Asia ex Japan since August 15, 2018

##### (previously: 50% MSCI AC Far East,	-8.5% 50% MSCI AC Far East ex Japan)
1 
in GBP
2 
in USD
“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 Top Asia
| Statement of net assets as of June 30, 2022 |  |
| --- | --- |
|  | Amount in EUR | % of net assets |
| I. Assets |  |  |
| 1. Equities (sectors): Information Technology | 40 458 314.64 | 14.17 |
| Telecommunication Services | 62 345 198.77 | 21.84 |
| Consumer Discretionaries | 12 377 694.62 | 4.33 |
| Energy | 17 230 704.05 | 6.04 |
| Consumer Staples | 20 904 040.57 | 7.33 |
| Financials | 76 960 403.75 | 26.97 |
| Basic Materials | 11 397 391.33 | 3.99 |
| Industrials | 14 609 467.14 | 5.11 |
| Other | 2 736 629.87 | 0.96 |
| Total equities | 259 019 844.74 | 90.74 |
| 2. Cash at bank | 24 126 288.19 | 8.45 |
| 3. Other assets | 3 219 477.63 | 1.12 |
| 4. Receivables from share certificate transactions | 47 379.93 | 0.02 |
| II. Liabilities |  |  |
| 1. Other liabilities | -830 844.59 | -0.29 |
| 2. Liabilities from share certificate transactions | -126 853.80 | -0.04 |
| III. Net assets | 285 455 292.10 | 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 |
| currency	amount	in the reporting period	EUR |
| Securities traded on an exchange |  |  |  |  |  |  | 259 019 844.74 | 90.74 |
| Equities Contemporary Amperex Technology Co., Ltd.............  | Count | 7 100 | 7 100 | CNY | 534 | 543 769.10 | 0.19 |
| LONGi Green Energy Technology Co., Ltd ...............  | Count | 123 340 | 290 040 | 166 700 | CNY | 66.63 | 1 178 660.35 | 0.41 |
| Shenzhen Inovance Technology Co., Ltd ................  | Count | 90 100 | 144 000 | 53 900 | CNY | 65.87 | 851 191.68 | 0.30 |
| Wuliangye Yibin Co., Ltd .............................  | Count | 22 500 | 22 500 |  | CNY | 201.93 | 651 625.81 | 0.23 |
| AIA Group Ltd .....................................  | Count | 1 234 175 | 107 200 |  | HKD | 85.05 | 12 844 012.13 | 4.50 |
| Air China Ltd ......................................  | Count | 1 370 000 | 1 370 000 |  | HKD | 6.82 | 1 143 285.21 | 0.40 |
| Alibaba Group Holding Ltd ...........................  | Count | 465 000 | 396 100 |  | HKD | 111.9 | 6 366 968.24 | 2.23 |
| BYD Co., Ltd ......................................  | Count | 78 500 | 21 000 | 34 500 | HKD | 314 | 3 016 122.31 | 1.06 |
| China Construction Bank Corp. ........................  | Count | 6 803 000 |  |  | HKD | 5.27 | 4 386 930.26 | 1.54 |
| China Mengniu Dairy Co., Ltd .........................  | Count | 517 000 |  |  | HKD | 39.15 | 2 476 691.73 | 0.87 |
| China Merchants Bank Co., Ltd .......................  | Count | 197 000 | 128 500 | 376 500 | HKD | 52.5 | 1 265 537.95 | 0.44 |
| China Mobile Ltd ...................................  | Count | 615 500 |  |  | HKD | 49 | 3 690 402.89 | 1.29 |
| China Railway Group Ltd.............................  | Count | 1 163 000 | 1 163 000 |  | HKD | 4.85 | 690 193.87 | 0.24 |
| China Resources Beer Holdings Co., Ltd ................  | Count | 364 000 |  |  | HKD | 58.5 | 2 605 594.89 | 0.91 |
| China State Construction International Holdings Ltd .......  | Count | 1 620 000 | 484 000 |  | HKD | 8.68 | 1 720 617.69 | 0.60 |
| CK Hutchison Holdings Ltd ...........................  | Count | 421 581 |  | 29 000 | HKD | 53.05 | 2 736 629.87 | 0.96 |
| CNOOC Ltd .......................................  | Count | 2 001 000 |  |  | HKD | 10.36 | 2 536 626.28 | 0.89 |
| Country Garden Services Holdings Co., Ltd ..............  | Count | 181 000 | 181 000 |  | HKD | 34.95 | 774 061.38 | 0.27 |
| CSPC Pharmaceutical Group Ltd.......................  | Count | 1 238 000 |  | 774 000 | HKD | 7.79 | 1 180 069.94 | 0.41 |
| Ganfeng Lithium Co., Ltd ............................  | Count | 279 520 | 176 720 | 96 800 | HKD | 86.35 | 2 953 417.70 | 1.03 |
| GCL Technology Holdings Ltd.........................  | Count | 2 590 000 | 2 590 000 |  | HKD | 3.79 | 1 201 126.14 | 0.42 |
| Hong Kong Exchanges & Clearing Ltd ..................  | Count | 46 000 |  | 51 500 | HKD | 386 | 2 172 675.07 | 0.76 |
| Industrial & Commercial Bank of China Ltd ..............  | Count | 6 044 000 |  | 1 350 000 | HKD | 4.66 | 3 446 355.04 | 1.21 |
| JD.com, Inc. ......................................  | Count | 101 848 | 101 849 | 1 | HKD | 252.8 | 3 150 498.08 | 1.10 |
| Meituan ..........................................  | Count | 303 300 | 204 400 | 26 200 | HKD | 194.2 | 7 207 278.10 | 2.53 |
| NetEase, Inc. ......................................  | Count | 126 800 | 126 800 |  | HKD | 144.1 | 2 235 799.62 | 0.78 |
| PetroChina Co., Ltd .................................  | Count | 4 410 000 |  | 2 466 000 | HKD | 3.74 | 2 018 179.71 | 0.71 |
| Ping An Insurance Group Co. of China Ltd ...............  | Count | 342 000 | 342 000 |  | HKD | 53.35 | 2 232 596.16 | 0.78 |
| Sun Hung Kai Properties Ltd ..........................  | Count | 344 000 |  | 30 000 | HKD | 92.7 | 3 902 004.99 | 1.37 |
| Tencent Holdings Ltd ...............................  | Count | 316 966 | 365 366 | 413 766 | HKD | 354.4 | 13 745 357.40 | 4.82 |
| Tongcheng-Elong Holdings Ltd ........................  | Count | 1 454 800 | 685 200 | 162 000 | HKD | 16.88 | 3 004 867.86 | 1.05 |
| Wuxi Biologics Cayman, Inc...........................  | Count | 182 500 | 182 500 |  | HKD | 71.8 | 1 603 381.83 | 0.56 |
| Aneka Tambang Tbk ................................  | Count | 8 036 900 |  |  | IDR | 1 800 | 932 325.93 | 0.33 |
| Elang Mahkota Teknologi Tbk PT ......................  | Count | 4 800 000 |  |  | IDR | 1 605 | 496 504.25 | 0.17 |
| ABB India Ltd .....................................  | Count | 49 483 |  |  | INR | 2 290 | 1 377 639.88 | 0.48 |
| Ashok Leyland Ltd..................................  | Count | 2 496 097 |  |  | INR | 146.8 | 4 454 835.95 | 1.56 |
| Bajaj Finance Ltd ...................................  | Count | 28 500 |  |  | INR | 5 392 | 1 868 267.01 | 0.65 |
| Bharat Forge Ltd ...................................  | Count | 310 717 |  |  | INR | 648 | 2 447 846.74 | 0.86 |
| Dabur India Ltd ....................................  | Count | 378 300 |  |  | INR | 495.9 | 2 280 734.08 | 0.80 |
| Dr Reddy‘s Laboratories Ltd ..........................  | Count | 15 000 |  |  | INR | 4 369.85 | 796 896.63 | 0.28 |
| Endurance Technologies Ltd ..........................  | Count | 40 520 |  |  | INR | 1 417.3 | 698 192.90 | 0.24 |
| Graphite India Ltd ..................................  | Count | 42 349 | 42 349 |  | INR | 392 | 201 824.29 | 0.07 |
| HDFC Life Insurance Co., Ltd .........................  | Count | 463 993 |  |  | INR | 547 | 3 085 623.67 | 1.08 |
| Hindalco Industries Ltd ..............................  | Count | 393 709 |  |  | INR | 337.7 | 1 616 406.56 | 0.57 |
| Hindustan Unilever Ltd ..............................  | Count | 29 000 |  |  | INR | 2 220 | 782 699.71 | 0.27 |
| Housing Development Finance Corp., Ltd ...............  | Count | 146 365 | 32 569 |  | INR | 2 154.1 | 3 833 074.85 | 1.34 |
| Kotak Mahindra Bank Ltd ............................  | Count | 52 317 |  | 37 783 | INR | 1 658 | 1 054 560.65 | 0.37 |
| Maruti Suzuki India Ltd ..............................  | Count | 18 050 |  |  | INR | 8 438.1 | 1 851 680.60 | 0.65 |
| Oberoi Realty Ltd ..................................  | Count | 149 204 |  |  | INR | 730 | 1 324 181.54 | 0.46 |
| Hansol Chemical Co., Ltd ............................  | Count | 8 214 |  | 4 153 | KRW | 204 000 | 1 239 071.73 | 0.43 |
| Hyundai Motor Co. .................................  | Count | 27 069 |  | 13 392 | KRW | 180 500 | 3 612 942.08 | 1.27 |
| KB Financial Group, Inc. .............................  | Count | 137 480 | 19 630 | 10 413 | KRW | 48 150 | 4 894 940.27 | 1.72 |
| NAVER Corp. ......................................  | Count | 20 075 |  | 1 304 | KRW | 240 000 | 3 562 692.81 | 1.25 |
| Samsung Electronics Co., Ltd .........................  | Count | 325 715 |  | 17 087 | KRW | 57 000 | 13 728 535.04 | 4.81 |
| Samsung Fire & Marine Insurance Co., Ltd ..............  | Count | 8 375 |  | 4 460 | KRW | 201 000 | 1 244 779.58 | 0.44 |
| Samsung SDI Co., Ltd...............................  | Count | 5 696 | 2 039 |  | KRW | 532 000 | 2 240 748.91 | 0.79 |
| SK Hynix, Inc. .....................................  | Count | 20 509 |  |  | KRW | 91 000 | 1 380 058.38 | 0.48 |
| SK Telecom Co., Ltd ................................  | Count | 24 410 |  | 8 655 | KRW | 52 000 | 938 604.66 | 0.33 |
| SKC Co., Ltd ......................................  | Count | 15 360 |  | 11 333 | KRW | 133 000 | 1 510 617.25 | 0.53 |
| Malayan Banking Bhd ...............................  | Count | 1 403 600 |  |  | MYR | 8.59 | 2 626 420.69 | 0.92 |
| Ayala Land, Inc. ....................................  | Count | 2 149 600 |  |  | PHP | 25.5 | 957 136.09 | 0.34 |
| CapitaLand Integrated Commercial Trust ................  | Count | 335 887 |  |  | SGD | 2.17 | 502 422.02 | 0.18 |
| Capitaland Investment Ltd/Singapore ...................  | Count | 2 012 600 |  | 159 000 | SGD | 3.82 | 5 299 520.44 | 1.86 |
| DBS Group Holdings Ltd .............................  | Count | 178 400 | 50 800 |  | SGD | 29.68 | 3 649 845.55 | 1.28 |
| Frasers Centrepoint Trust ............................  | Count | 1 322 000 |  | 190 800 | SGD | 2.29 | 2 086 808.89 | 0.73 |
| Genting Singapore Ltd...............................  | Count | 3 967 400 | 736 100 |  | SGD | 0.72 | 1 969 038.58 | 0.69 |
| Bangkok Bank PCL .................................  | Count | 400 100 |  | 88 700 | THB | 133.5 | 1 450 504.44 | 0.51 |
| Central Pattana PCL ................................  | Count | 1 603 300 |  |  | THB | 61 | 2 655 913.18 | 0.93 |
| CP ALL PCL.......................................  | Count | 997 200 |  |  | THB | 60 | 1 624 810.69 | 0.57 |
| PTT Exploration & Production PCL .....................  | Count | 250 700 |  | 359 300 | THB | 159.5 | 1 085 886.09 | 0.38 |
| PTT PCL..........................................  | Count | 963 700 |  |  | THB | 34 | 889 795.13 | 0.31 |

| DWS Invest Top Asia |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | Count/ | Quantity/ | Purchases/ | Sales/ | Currency | Market price | Total market | % of |
| Security name | units/ currency | principal amount | additions in the | disposals reporting period |  |  | value in EUR | net assets |
| Chroma ATE, Inc. ..................................  | Count | 326 000 | 63 000 |  | TWD | 153 | 1 610 582.91 | 0.56 |
| CTBC Financial Holding Co., Ltd .......................  | Count | 4 328 000 |  | 8 699 000 | TWD | 25.1 | 3 507 801.65 | 1.23 |
| Formosa Plastics Corp. ..............................  | Count | 1 329 000 |  | 860 000 | TWD | 108.5 | 4 656 169.41 | 1.63 |
| Hon Hai Precision Industry Co., Ltd ....................  | Count | 1 193 000 |  |  | TWD | 109 | 4 198 952.83 | 1.47 |
| MediaTek, Inc......................................  | Count | 43 000 |  |  | TWD | 651 | 903 906.48 | 0.32 |
| Taiwan Semiconductor Manufacturing Co., Ltd ...........  | Count | 1 445 000 |  | 131 000 | TWD | 476 | 22 210 015.12 | 7.78 |
| Alibaba Group Holding Ltd -ADR- ......................  | Count | 89 189 |  | 13 974 | USD | 111.99 | 9 589 823.80 | 3.36 |
| Baidu, Inc. -ADR- ...................................  | Count | 7 239 |  | 2 663 | USD | 147.21 | 1 023 142.15 | 0.36 |
| HDFC Bank Ltd -ADR- ...............................  | Count | 39 004 |  | 5 886 | USD | 54.37 | 2 036 050.61 | 0.71 |
| ICICI Bank Ltd -ADR-................................  | Count | 228 270 |  |  | USD | 17.605 | 3 858 379.64 | 1.35 |
| JD.com, Inc. -ADR- .................................  | Count | 46 168 | 10 931 | 13 633 | USD | 63.24 | 2 803 193.07 | 0.98 |
| Pinduoduo, Inc. -ADR- ...............................  | Count | 37 626 | 37 626 |  | USD | 60.39 | 2 181 590.18 | 0.76 |
| Reliance Industries Ltd -GDR- .........................  | Count | 133 840 | 24 718 |  | USD | 64.75 | 8 320 430.35 | 2.92 |
| Sea Ltd -ADR- .....................................  | Count | 16 142 |  |  | USD | 66.35 | 1 028 296.50 | 0.36 |
| Trip.com Group Ltd -ADR-............................  | Count | 51 850 |  |  | USD | 26.42 | 1 315 229.87 | 0.46 |
| Yum China Holdings, Inc. ............................  | Count | 43 843 |  |  | USD | 47.26 | 1 989 363.15 | 0.70 |
| Total securities portfolio |  |  |  |  |  |  | 259 019 844.74 | 90.74 |
| Cash at bank |  |  |  |  |  |  | 24 126 288.19 | 8.45 |
| Demand deposits at Depositary EUR deposits......................................  | EUR |  |  |  |  |  | 4 996 693.64 | 1.75 |
| Deposits in non-EU/EEA currencies |  |  |  |  |  |  |  |  |
| Australian dollar ....................................         | AUD | 647 |  |  |  |  | 428.91 | 0.00 |
| British pound .....................................  | GBP | 43 361 |  |  |  |  | 50 630.08 | 0.02 |
| Chinese yuan renminbi ..............................  | CNY | 20 771 338 |  |  |  |  | 2 979 060.89 | 1.04 |
| Hong Kong dollar ..................................  | HKD | 2 659 587 |  |  |  |  | 325 434.66 | 0.11 |
| Indian rupee.......................................  | INR | 182 077 595 |  |  |  |  | 2 213 607.98 | 0.78 |
| Indonesian rupiah ..................................  | IDR | 4 548 435 734 |  |  |  |  | 293 135.73 | 0.10 |
| Malaysian ringgit ...................................  | MYR | 1 919 421 |  |  |  |  | 418 117.08 | 0.15 |
| New Taiwan dollar ..................................  | TWD | 28 226 775 |  |  |  |  | 911 455.18 | 0.32 |
| Philippine peso ....................................  | PHP | 6 112 282 |  |  |  |  | 106 728.21 | 0.04 |
| Singapore dollar ...................................  | SGD | 725 862 |  |  |  |  | 500 345.49 | 0.18 |
| South Korean won ..................................  | KRW | 1 019 147 736 |  |  |  |  | 753 613.60 | 0.26 |
| Thai baht .........................................  | THB | 66 235 |  |  |  |  | 1 798.70 | 0.00 |
| U.S. dollar ........................................  | USD | 11 014 634 |  |  |  |  | 10 575 238.04 | 3.70 |
| Other assets |  |  |  |  |  |  | 3 219 477.63 | 1.12 |
| Dividends/Distributions receivable .....................  |  |  |  |  |  |  | 952 511.50 | 0.33 |
| Other receivables ..................................  |  |  |  |  |  |  | 2 266 966.13 | 0.79 |
| Receivables from share certificate transactions |  |  |  |  |  |  | 47 379.93 | 0.02 |
| Total assets |  |  |  |  |  |  | 286 412 990.49 | 100.33 |
| Other liabilities |  |  |  |  |  |  | -830 844.59 | -0.29 |
| Liabilities from cost items ............................  |  |  |  |  |  |  | -830 844.59 | -0.29 |
| Liabilities from share certificate transactions |  |  |  |  |  |  | -126 853.80 | -0.04 |
| Total liabilities |  |  |  |  |  |  | -957 698.39 | -0.33 |
| Net assets |  |  |  |  |  |  | 285 455 292.10 | 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 | 371.86 |
| Class LC .........................................  | EUR | 316.25 |
| Class LD .........................................  | EUR | 290.21 |
| Class NC .........................................  | EUR | 274.75 |
| Class TFC.........................................  | EUR | 115.17 |
| Class TFD.........................................  | EUR | 109.42 |
| Class GBP D RD ...................................  | GBP | 248.99 |
| Class USD FC .....................................  | USD | 179.77 |
| Class USD LC .....................................  | USD | 163.27 |
| Class USD TFC ....................................  | USD | 101.46 |
| Number of shares outstanding Class FC .........................................  | Count | 26 594.800 |
| Class LC .........................................  | Count | 420 358.777 |
| Class LD .........................................  | Count | 393 292.285 |
| Class NC .........................................  | Count | 90 619.513 |
| Class TFC.........................................  | Count | 1 142.000 |
| Class TFD.........................................  | Count | 255.000 |
| Class GBP D RD ...................................  | Count | 423.963 |
| Class USD FC .....................................  | Count | 484.000 |
| Class USD LC .....................................  | Count | 20 563.107 |
| Class USD TFC ....................................  | Count | 24.000 |

Composition of the reference portfolio (according to CSSF circular 11/512) MSCI AC Asia ex Japan Net Index in EUR
Market risk exposure (value-at-risk) (according to CSSF circular 11/512)
| Lowest market risk exposure .........................  | % | 85.408 |
| --- | --- | --- |
| Highest market risk exposure .........................  | % | 98.119 |
| Average market risk exposure.........................  | % | 91.821 |

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 0.0, 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 0.00 as of the reporting date.
 Exchange rates (indirect quotes)	
As of June 30, 2022
| Australian dollar ................. . | AUD | 1.508945 | = | EUR | 1 |
| --- | --- | --- | --- | --- | --- |
| Chinese yuan renminbi ........... . | CNY | 6.972445 | = | EUR | 1 |
| British pound .................. . | GBP | 0.856432 | = | EUR | 1 |
| Hong Kong dollar ............... . | HKD | 8.172414 | = | EUR | 1 |
| Indonesian rupiah ............... . | IDR | 15 516.483562 | = | EUR | 1 |
| Indian rupee.................... . | INR | 82.253767 | = | EUR | 1 |
| South Korean won............... . | KRW | 1 352.347861 | = | EUR | 1 |
| Malaysian ringgit ................ . | MYR | 4.590629 | = | EUR | 1 |
| Philippine peso ................. . | PHP | 57.269599 | = | EUR | 1 |
| Singapore dollar ................ . | SGD | 1.450722 | = | EUR | 1 |
| Thai baht ...................... . | THB | 36.823982 | = | EUR | 1 |
| New Taiwan dollar............... . | TWD | 30.968912 | = | 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 ongo- ing 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.

Translation (ENDE, 2022-06-30):
# DWS Invest Top Asia
DWS INVEST TOP ASIA

### Wertentwicklung der Anteilklassen vs. Vergleichsindex (in EUR)
| Anteilklasse | ISIN | 6 Monate |
| --- | --- | --- |
| Klasse LC | LU0145648290 | -6,6% |
| Klasse FC | LU0145649181 | -6,2% |
| Klasse LD | LU0145648456 | -6,6% |
| Klasse NC | LU0145648886 | -6,9% |
| Klasse TFC | LU1663946868 | -6,2% |
| Klasse TFD | LU1663948211 | -6,2% |
| Klasse GBP D RD 1) | LU0399358562 | -4,3% |
| Klasse USD FC 2) | LU0273174648 | -13,8% |
| Klasse USD LC 2) | LU0273161231 | -14,2% |
| Klasse USD TFC 2) | LU1663949888 | -13,8% |


##### MSCI AC Asia ex Japan seit dem 15.8.2018

##### (vorher: 50% MSCI AC Far East,	-8,5% 50% MSCI AC Far East ex Japan)
1) 
in GBP
2) 
in USD
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 Top Asia
| Vermögensübersicht zum 30.6.2022 |  |
| --- | --- |
|  | Bestand in EUR | %-Anteil am Fondsvermögen |
| I. Vermögensgegenstände |  |  |
| 1. Aktien (Branchen) Informationstechnologie | 40 458 314,64 | 14,17 |
| Telekommunikationsdienste | 62 345 198,77 | 21,84 |
| Dauerhafte Konsumgüter | 12 377 694,62 | 4,33 |
| Energie | 17 230 704,05 | 6,04 |
| Hauptverbrauchsgüter | 20 904 040,57 | 7,33 |
| Finanzsektor | 76 960 403,75 | 26,97 |
| Grundstoffe | 11 397 391,33 | 3,99 |
| Industrien | 14 609 467,14 | 5,11 |
| Sonstige | 2 736 629,87 | 0,96 |
| Summe Aktien | 259 019 844,74 | 90,74 |
| 2. Bankguthaben | 24 126 288,19 | 8,45 |
| 3. Sonstige Vermögensgegenstände | 3 219 477,63 | 1,12 |
| 4. Forderungen aus Anteilscheingeschäften | 47 379,93 | 0,02 |
| II. Verbindlichkeiten |  |  |
| 1. Sonstige Verbindlichkeiten | -830 844,59 | -0,29 |
| 2. Verbindlichkeiten aus Anteilscheingeschäften | -126 853,80 | -0,04 |
| III. Fondsvermögen | 285 455 292,10 | 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	259 019 844,74	90,74
Aktien
Contemporary Amperex Technology Co., Ltd  ...........	Stück	7 100	7 100	CNY	534	543 769,10	0,19
| LONGi Green Energy Technology Co., Ltd  .............  | Stück | 123 340 | 290 040 | 166 700 | CNY | 66,63 | 1 178 660,35 | 0,41 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Shenzhen Inovance Technology Co., Ltd ...............  | Stück | 90 100 | 144 000 | 53 900 | CNY | 65,87 | 851 191,68 | 0,30 |
| Wuliangye Yibin Co., Ltd  ...........................  | Stück | 22 500 | 22 500 |  | CNY | 201,93 | 651 625,81 | 0,23 |
| AIA Group Ltd  ...................................  | Stück | 1 234 175 | 107 200 |  | HKD | 85,05 | 12 844 012,13 | 4,50 |
| Air China Ltd  ....................................  | Stück | 1 370 000 | 1 370 000 |  | HKD | 6,82 | 1 143 285,21 | 0,40 |
| Alibaba Group Holding Ltd  ..........................  | Stück | 465 000 | 396 100 |  | HKD | 111,9 | 6 366 968,24 | 2,23 |
| BYD Co., Ltd  ....................................  | Stück | 78 500 | 21 000 | 34 500 | HKD | 314 | 3 016 122,31 | 1,06 |
| China Construction Bank Corp.  ......................  | Stück | 6 803 000 |  |  | HKD | 5,27 | 4 386 930,26 | 1,54 |
| China Mengniu Dairy Co., Ltd  .......................  | Stück | 517 000 |  |  | HKD | 39,15 | 2 476 691,73 | 0,87 |
| China Merchants Bank Co., Ltd  ......................  | Stück | 197 000 | 128 500 | 376 500 | HKD | 52,5 | 1 265 537,95 | 0,44 |
| China Mobile Ltd  .................................  | Stück | 615 500 |  |  | HKD | 49 | 3 690 402,89 | 1,29 |
| China Railway Group Ltd  ...........................  | Stück | 1 163 000 | 1 163 000 |  | HKD | 4,85 | 690 193,87 | 0,24 |
| China Resources Beer Holdings Co., Ltd ...............  | Stück | 364 000 |  |  | HKD | 58,5 | 2 605 594,89 | 0,91 |
| China State Construction International Holdings Ltd ......  | Stück | 1 620 000 | 484 000 |  | HKD | 8,68 | 1 720 617,69 | 0,60 |
| CK Hutchison Holdings Ltd  .........................  | Stück | 421 581 |  | 29 000 | HKD | 53,05 | 2 736 629,87 | 0,96 |
| CNOOC Ltd  .....................................  | Stück | 2 001 000 |  |  | HKD | 10,36 | 2 536 626,28 | 0,89 |
| Country Garden Services Holdings Co., Ltd  ............  | Stück | 181 000 | 181 000 |  | HKD | 34,95 | 774 061,38 | 0,27 |
| CSPC Pharmaceutical Group Ltd  .....................  | Stück | 1 238 000 |  | 774 000 | HKD | 7,79 | 1 180 069,94 | 0,41 |
| Ganfeng Lithium Co., Ltd ...........................  | Stück | 279 520 | 176 720 | 96 800 | HKD | 86,35 | 2 953 417,70 | 1,03 |
| GCL Technology Holdings Ltd  .......................  | Stück | 2 590 000 | 2 590 000 |  | HKD | 3,79 | 1 201 126,14 | 0,42 |
| Hong Kong Exchanges & Clearing Ltd .................  | Stück | 46 000 |  | 51 500 | HKD | 386 | 2 172 675,07 | 0,76 |
| Industrial & Commercial Bank of China Ltd .............  | Stück | 6 044 000 |  | 1 350 000 | HKD | 4,66 | 3 446 355,04 | 1,21 |
| JD.com, Inc. .....................................  | Stück | 101 848 | 101 849 | 1 | HKD | 252,8 | 3 150 498,08 | 1,10 |
| Meituan  ........................................  | Stück | 303 300 | 204 400 | 26 200 | HKD | 194,2 | 7 207 278,10 | 2,53 |
| NetEase, Inc.  ....................................  | Stück | 126 800 | 126 800 |  | HKD | 144,1 | 2 235 799,62 | 0,78 |
| PetroChina Co., Ltd  ...............................  | Stück | 4 410 000 |  | 2 466 000 | HKD | 3,74 | 2 018 179,71 | 0,71 |
| Ping An Insurance Group Co. of China Ltd  .............  | Stück | 342 000 | 342 000 |  | HKD | 53,35 | 2 232 596,16 | 0,78 |
| Sun Hung Kai Properties Ltd  ........................  | Stück | 344 000 |  | 30 000 | HKD | 92,7 | 3 902 004,99 | 1,37 |
| Tencent Holdings Ltd ..............................  | Stück | 316 966 | 365 366 | 413 766 | HKD | 354,4 | 13 745 357,40 | 4,82 |
| Tongcheng-Elong Holdings Ltd  ......................  | Stück | 1 454 800 | 685 200 | 162 000 | HKD | 16,88 | 3 004 867,86 | 1,05 |
| Wuxi Biologics Cayman, Inc.  ........................  | Stück | 182 500 | 182 500 |  | HKD | 71,8 | 1 603 381,83 | 0,56 |
| Aneka Tambang Tbk  ..............................  | Stück | 8 036 900 |  |  | IDR | 1 800 | 932 325,93 | 0,33 |
| Elang Mahkota Teknologi Tbk PT .....................  | Stück | 4 800 000 |  |  | IDR | 1 605 | 496 504,25 | 0,17 |
| ABB India Ltd  ....................................  | Stück | 49 483 |  |  | INR | 2 290 | 1 377 639,88 | 0,48 |
| Ashok Leyland Ltd  ................................  | Stück | 2 496 097 |  |  | INR | 146,8 | 4 454 835,95 | 1,56 |
| Bajaj Finance Ltd  .................................  | Stück | 28 500 |  |  | INR | 5 392 | 1 868 267,01 | 0,65 |
| Bharat Forge Ltd  .................................  | Stück | 310 717 |  |  | INR | 648 | 2 447 846,74 | 0,86 |
| Dabur India Ltd ...................................  | Stück | 378 300 |  |  | INR | 495,9 | 2 280 734,08 | 0,80 |
| Dr Reddy‘s Laboratories Ltd  ........................  | Stück | 15 000 |  |  | INR | 4 369,85 | 796 896,63 | 0,28 |
| Endurance Technologies Ltd  ........................  | Stück | 40 520 |  |  | INR | 1 417,3 | 698 192,90 | 0,24 |
| Graphite India Ltd .................................  | Stück | 42 349 | 42 349 |  | INR | 392 | 201 824,29 | 0,07 |
| HDFC Life Insurance Co., Ltd  .......................  | Stück | 463 993 |  |  | INR | 547 | 3 085 623,67 | 1,08 |
| Hindalco Industries Ltd  ............................  | Stück | 393 709 |  |  | INR | 337,7 | 1 616 406,56 | 0,57 |
| Hindustan Unilever Ltd  ............................  | Stück | 29 000 |  |  | INR | 2 220 | 782 699,71 | 0,27 |
| Housing Development Finance Corp., Ltd  ..............  | Stück | 146 365 | 32 569 |  | INR | 2 154,1 | 3 833 074,85 | 1,34 |
| Kotak Mahindra Bank Ltd ...........................  | Stück | 52 317 |  | 37 783 | INR | 1 658 | 1 054 560,65 | 0,37 |
| Maruti Suzuki India Ltd  ............................  | Stück | 18 050 |  |  | INR | 8 438,1 | 1 851 680,60 | 0,65 |
| Oberoi Realty Ltd  .................................  | Stück | 149 204 |  |  | INR | 730 | 1 324 181,54 | 0,46 |
| Hansol Chemical Co., Ltd ...........................  | Stück | 8 214 |  | 4 153 | KRW | 204 000 | 1 239 071,73 | 0,43 |
| Hyundai Motor Co. ................................  | Stück | 27 069 |  | 13 392 | KRW | 180 500 | 3 612 942,08 | 1,27 |
| KB Financial Group, Inc. ............................  | Stück | 137 480 | 19 630 | 10 413 | KRW | 48 150 | 4 894 940,27 | 1,72 |
| NAVER Corp.  ....................................  | Stück | 20 075 |  | 1 304 | KRW | 240 000 | 3 562 692,81 | 1,25 |
| Samsung Electronics Co., Ltd  .......................  | Stück | 325 715 |  | 17 087 | KRW | 57 000 | 13 728 535,04 | 4,81 |
| Samsung Fire & Marine Insurance Co., Ltd .............  | Stück | 8 375 |  | 4 460 | KRW | 201 000 | 1 244 779,58 | 0,44 |
| Samsung SDI Co., Ltd  .............................  | Stück | 5 696 | 2 039 |  | KRW | 532 000 | 2 240 748,91 | 0,79 |
| SK Hynix, Inc. ....................................  | Stück | 20 509 |  |  | KRW | 91 000 | 1 380 058,38 | 0,48 |
| SK Telecom Co., Ltd  ..............................  | Stück | 24 410 |  | 8 655 | KRW | 52 000 | 938 604,66 | 0,33 |
| SKC Co., Ltd .....................................  | Stück | 15 360 |  | 11 333 | KRW | 133 000 | 1 510 617,25 | 0,53 |
| Malayan Banking Bhd  .............................  | Stück | 1 403 600 |  |  | MYR | 8,59 | 2 626 420,69 | 0,92 |
| Ayala Land, Inc.  ..................................  | Stück | 2 149 600 |  |  | PHP | 25,5 | 957 136,09 | 0,34 |
| CapitaLand Integrated Commercial Trust  ..............  | Stück | 335 887 |  |  | SGD | 2,17 | 502 422,02 | 0,18 |
| Capitaland Investment Ltd/Singapore  .................  | Stück | 2 012 600 |  | 159 000 | SGD | 3,82 | 5 299 520,44 | 1,86 |
| DBS Group Holdings Ltd  ...........................  | Stück | 178 400 | 50 800 |  | SGD | 29,68 | 3 649 845,55 | 1,28 |
| Frasers Centrepoint Trust  ..........................  | Stück | 1 322 000 |  | 190 800 | SGD | 2,29 | 2 086 808,89 | 0,73 |
| Genting Singapore Ltd  .............................  | Stück | 3 967 400 | 736 100 |  | SGD | 0,72 | 1 969 038,58 | 0,69 |
| Bangkok Bank PCL ................................  | Stück | 400 100 |  | 88 700 | THB | 133,5 | 1 450 504,44 | 0,51 |
| Central Pattana PCL  ...............................  | Stück | 1 603 300 |  |  | THB | 61 | 2 655 913,18 | 0,93 |
| CP ALL PCL  .....................................  | Stück | 997 200 |  |  | THB | 60 | 1 624 810,69 | 0,57 |
| PTT Exploration & Production PCL  ...................  | Stück | 250 700 |  | 359 300 | THB | 159,5 | 1 085 886,09 | 0,38 |
| PTT PCL  ........................................  | Stück | 963 700 |  |  | THB | 34 | 889 795,13 | 0,31 |

| DWS Invest Top Asia |  |
| --- | --- |
|  | Stück bzw. | Nominalbetrag | Käufe/ | Verkäufe/ | Währung | Kurs | Kurswert | %-Anteil am |
| Wertpapierbezeichnung | Anteile bzw | .	bzw. | Zugänge | Abgänge |  |  | in | Fonds- |
| Währung	Bestand	im Berichtszeitraum	EUR	vermögen |
| Chroma ATE, Inc. .................................  | Stück | 326 000 | 63 000 |  | TWD | 153 | 1 610 582,91 | 0,56 |
| CTBC Financial Holding Co., Ltd  .....................  | Stück | 4 328 000 |  | 8 699 000 | TWD | 25,1 | 3 507 801,65 | 1,23 |
| Formosa Plastics Corp.  ............................  | Stück | 1 329 000 |  | 860 000 | TWD | 108,5 | 4 656 169,41 | 1,63 |
| Hon Hai Precision Industry Co., Ltd ...................  | Stück | 1 193 000 |  |  | TWD | 109 | 4 198 952,83 | 1,47 |
| MediaTek, Inc.  ...................................  | Stück | 43 000 |  |  | TWD | 651 | 903 906,48 | 0,32 |
| Taiwan Semiconductor Manufacturing Co., Ltd . . . . . . . . . . | Stück | 1 445 000 |  | 131 000 | TWD | 476 | 22 210 015,12 | 7,78 |
| Alibaba Group Holding Ltd -ADR- .....................  | Stück | 89 189 |  | 13 974 | USD | 111,99 | 9 589 823,80 | 3,36 |
| Baidu, Inc. -ADR-  .................................  | Stück | 7 239 |  | 2 663 | USD | 147,21 | 1 023 142,15 | 0,36 |
| HDFC Bank Ltd -ADR-  .............................  | Stück | 39 004 |  | 5 886 | USD | 54,37 | 2 036 050,61 | 0,71 |
| ICICI Bank Ltd -ADR-  ..............................  | Stück | 228 270 |  |  | USD | 17,605 | 3 858 379,64 | 1,35 |
| JD.com, Inc. -ADR-  ...............................  | Stück | 46 168 | 10 931 | 13 633 | USD | 63,24 | 2 803 193,07 | 0,98 |
| Pinduoduo, Inc. -ADR-  .............................  | Stück | 37 626 | 37 626 |  | USD | 60,39 | 2 181 590,18 | 0,76 |
| Reliance Industries Ltd -GDR-  .......................  | Stück | 133 840 | 24 718 |  | USD | 64,75 | 8 320 430,35 | 2,92 |
| Sea Ltd -ADR-  ...................................  | Stück | 16 142 |  |  | USD | 66,35 | 1 028 296,50 | 0,36 |
| Trip.com Group Ltd -ADR-  ..........................  | Stück | 51 850 |  |  | USD | 26,42 | 1 315 229,87 | 0,46 |
| Yum China Holdings, Inc. ...........................  | Stück | 43 843 |  |  | USD | 47,26 | 1 989 363,15 | 0,70 |
| Summe Wertpapiervermögen |  |  |  |  |  |  | 259 019 844,74 | 90,74 |
| Bankguthaben |  |  |  |  |  |  | 24 126 288,19 | 8,45 |
| Verwahrstelle (täglich fällig) EUR-Guthaben ....................................  | EUR |  |  |  |  |  | 4 996 693,64 | 1,75 |
| Guthaben in Nicht-EU/EWR-Währungen |  |  |  |  |  |  |  |  |
| Australischer Dollar ................................  | AUD | 647 |  |  |  |  | 428,91 | 0,00 |
| Britisches Pfund ...................................  | GBP | 43 361 |  |  |  |  | 50 630,08 | 0,02 |
| Chinesischer Renminbi ..............................  | CNY | 20 771 338 |  |  |  |  | 2 979 060,89 | 1,04 |
| Hongkong Dollar ...................................  | HKD | 2 659 587 |  |  |  |  | 325 434,66 | 0,11 |
| Indische Rupie ....................................  | INR | 182 077 595 |  |  |  |  | 2 213 607,98 | 0,78 |
| Indonesische Rupie ................................  | IDR	4 548 435 734 |  |  |  |  | 293 135,73 | 0,10 |
| Malaysischer Ringgit ...............................  | MYR | 1 919 421 |  |  |  |  | 418 117,08 | 0,15 |
| Neue Taiwan Dollar ................................  | TWD | 28 226 775 |  |  |  |  | 911 455,18 | 0,32 |
| Philippinischer Peso ................................  | PHP | 6 112 282 |  |  |  |  | 106 728,21 | 0,04 |
| Singapur Dollar ....................................  | SGD | 725 862 |  |  |  |  | 500 345,49 | 0,18 |
| Südkoreanischer Won ..............................  | KRW  1 019 147 736 |  |  |  |  | 753 613,60 | 0,26 |
| Thailändischer Baht ................................  | THB | 66 235 |  |  |  |  | 1 798,70 | 0,00 |
| US-Dollar ........................................  | USD | 11 014 634 |  |  |  |  | 10 575 238,04 | 3,70 |
| Sonstige Vermögensgegenstände |  |  |  |  |  |  | 3 219 477,63 | 1,12 |
| Dividenden- / Ausschüttungsansprüche .................  |  |  |  |  |  |  | 952 511,50 | 0,33 |
| Sonstige Ansprüche ................................  |  |  |  |  |  |  | 2 266 966,13 | 0,79 |
| Forderungen aus Anteilscheingeschäften |  |  |  |  |  |  | 47 379,93 | 0,02 |
| Summe der Vermögensgegenstände |  |  |  |  |  |  | 286 412 990,49 | 100,33 |
| Sonstige Verbindlichkeiten |  |  |  |  |  |  | -830 844,59 | -0,29 |
| Verbindlichkeiten aus Kostenpositionen ................  |  |  |  |  |  |  | -830 844,59 | -0,29 |
| Verbindlichkeiten aus Anteilscheingeschäften |  |  |  |  |  |  | -126 853,80 | -0,04 |
| Summe der Verbindlichkeiten |  |  |  |  |  |  | -957 698,39 | -0,33 |
| Fondsvermögen |  |  |  |  |  |  | 285 455 292,10 | 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 | 371,86 |
| Klasse LC ........................................  | EUR | 316,25 |
| Klasse LD ........................................  | EUR | 290,21 |
| Klasse NC ........................................  | EUR | 274,75 |
| Klasse TFC .......................................  | EUR | 115,17 |
| Klasse TFD .......................................  | EUR | 109,42 |
| Klasse GBP D RD ..................................  | GBP | 248,99 |
| Klasse USD FC ....................................  | USD | 179,77 |
| Klasse USD LC ....................................  | USD | 163,27 |
| Klasse USD TFC ...................................  | USD | 101,46 |
| Umlaufende Anteile Klasse FC ........................................  | Stück | 26 594,800 |
| Klasse LC ........................................  | Stück | 420 358,777 |
| Klasse LD ........................................  | Stück | 393 292,285 |
| Klasse NC ........................................  | Stück | 90 619,513 |
| Klasse TFC .......................................  | Stück | 1 142,000 |
| Klasse TFD .......................................  | Stück | 255,000 |
| Klasse GBP D RD ..................................  | Stück | 423,963 |
| Klasse USD FC ....................................  | Stück | 484,000 |
| Klasse USD LC ....................................  | Stück | 20 563,107 |
| Klasse USD TFC ...................................  | Stück | 24,000 |

Zusammensetzung des Referenzportfolios (gem. CSSF-Rundschreiben 11/512) MSCI AC Asia ex Japan Net Index in EUR
Potenzieller Risikobetrag für das Marktrisiko (gem. CSSF-Rundschreiben 11/512)
| kleinster potenzieller Risikobetrag .....................  | % | 85,408 |
| --- | --- | --- |
| größter potenzieller Risikobetrag ......................  | % | 98,119 |
| durchschnittlicher potenzieller Risikobetrag ..............  | % | 91,821 |

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 0,0, 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 0,00.
 Devisenkurse (in Mengennotiz)	
per 30.6.2022
| Australischer Dollar ..............  | AUD | 1,508945 | = | EUR | 1 |
| --- | --- | --- | --- | --- | --- |
| Chinesischer Renminbi ............  | CNY | 6,972445 | = | EUR | 1 |
| Britisches Pfund .................  | GBP | 0,856432 | = | EUR | 1 |
| Hongkong Dollar .................  | HKD | 8,172414 | = | EUR | 1 |
| Indonesische Rupie ..............  | IDR | 15 516,483562 | = | EUR | 1 |
| Indische Rupie ..................  | INR | 82,253767 | = | EUR | 1 |
| Südkoreanischer Won ............  | KRW | 1 352,347861 | = | EUR | 1 |
| Malaysischer Ringgit .............  | MYR | 4,590629 | = | EUR | 1 |
| Philippinischer Peso ..............  | PHP | 57,269599 | = | EUR | 1 |
| Singapur Dollar ..................  | SGD | 1,450722 | = | EUR | 1 |
| Thailändischer Baht ..............  | THB | 36,823982 | = | EUR | 1 |
| Neue Taiwan Dollar ..............  | TWD | 30,968912 | = | 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.