# Applied ESG characteristics
##  ESG Benchmark	 ESG Integration	 Engagement	 Exclusion Criteria	 Proxy Voting
| Top 10 positions - ESG Characteristics |  |
| --- | --- |
| Instrument Name | Weight | GICS sector | ESG rating | Controversy flag |
| TENCENT HOLDINGS LTD | 5.28% | Technology | BBB | Yellow |
| MEITUAN | 4.27% | Retail | AA | Yellow |
| ALIBABA GROUP HOLDING LTD | 4.05% | Technology | n.a. | n.a. |
| CHINA CONSTRUCTION BANK CORP H | 2.74% | Banks | A | Green |
| JD.COM CLASS A INC | 1.99% | Technology | n.a. | n.a. |
| INDUSTRIAL AND COMMERCIAL BANK OF | 1.79% | Banks | BBB | Green |
| CHINA MERCHANTS BANK LTD A | 1.78% | Banks | A | Green |
| KWEICHOW MOUTAI LTD A | 1.67% | Food & Beverage | CCC | Green |
| CONTEMPORARY AMPEREX TECHNOLOGY LT | 1.47% | Industrial Goods & Services | n.a. | n.a. |
| BAIDU ADS REPTG INC CLASS A | 1.32% | Technology | BBB | Yellow |

| ESG overview |  |
| --- | --- |
| ESG Portfolio against traditional benchmark |
|  | Portfolio | Benchmark |
| Overall ESG quality rating | BBB | BB |
| Overall ESG quality score | 4.93 | 3.58 |
| ESG score environment | 4.72 | 4.42 |
| ESG score social | 4.56 | 4.43 |
| ESG score governance | 3.82 | 3.54 |
| Coverage for MSCI Rating/Scoring | 99.75% | 98.46% |
| Weighted Average MSCI Carbon Intensity (Tons of CO2e/$M sales) | 186.58 | 241.06 |
|  |  |  |
| Asset breakdown - by ESG rating In % of total economic exposure (ESG Portfolio against traditional benchmark) |  |  |

|  | Portfolio | Benchmark | Relative |
| --- | --- | --- | --- |
| AAA | 0.00 | 0.04 | -0.04 |
| AA | 1.89 | 4.77 | -2.88 |
| A | 9.54 | 11.62 | -2.07 |
| BBB | 15.73 | 32.86 | -17.13 |
| BB | 8.74 | 19.88 | -11.14 |
| B | 4.14 | 17.79 | -13.64 |
| CCC | 1.74 | 11.50 | -9.75 |
| Others | 58.20 | 1.54 | 56.66 |

Portfolio 
Benchmark 

Translation (ENDE, 2022-01-31):
# Angewendete ESG-Merkmale
##  ESG Benchmark	 ESG Integration	 Engagement	 Ausschlusskriterien	 Stimmrechtsvertretung
| Top-10-Positionen - ESG-Merkmale |  |
| --- | --- |
| Wertschriften Name | Gewicht. | GICS-Sektor | ESG-Rating | Warnung zu kontroversen |
| TENCENT HOLDINGS LTD | 5.28% | Technologie | BBB | Gelb |
| MEITUAN | 4.27% | Retail | AA | Gelb |
| ALIBABA GROUP HOLDING LTD | 4.05% | Technologie | n.a. | n.a. |
| CHINA CONSTRUCTION BANK CORP H | 2.74% | Banken | A | Grün |
| JD.COM CLASS A INC | 1.99% | Technologie | n.a. | n.a. |
| INDUSTRIAL AND COMMERCIAL BANK OF | 1.79% | Banken | BBB | Grün |
| CHINA MERCHANTS BANK LTD A | 1.78% | Banken | A | Grün |
| KWEICHOW MOUTAI LTD A | 1.67% | Nahrung & Getränke | CCC | Grün |
| CONTEMPORARY AMPEREX TECHNOLOGY LT | 1.47% | Industrielle Güter & Dienstleistungen | n.a. | n.a. |
| BAIDU ADS REPTG INC CLASS A | 1.32% | Technologie | BBB | Gelb |

| ESG-Übersicht |  |
| --- | --- |
| ESG-Portfolio im Vergleich zum traditionellen Benchmark |
|  | Portfolio | Benchmark |
| Overall ESG quality rating | BBB | BB |
| Overall ESG quality score | 4.93 | 3.58 |
| Environment (Umwelt) | 4.72 | 4.42 |
| Social (Soziales) | 4.56 | 4.43 |
| Governance | 3.82 | 3.54 |
| Coverage MSCI Rating/Scoring | 99.75% | 98.46% |
| Gewichtete durchschnittliche MSCI Kohlenstoffintensität (Tonnen CO2e / USD Mio. Umsatz) | 186.58 | 241.06 |
|  |  |  |
| Vermögensstruktur - nach ESG Rating in % des gesamten ökonomischen Exposure (ESG-Portfolio im Vergleich zum traditionellen Benchmark) |  |  |

|  | Portfolio | Benchmark | Relativ |
| --- | --- | --- | --- |
| AAA | 0.00 | 0.04 | -0.04 |
| AA | 1.89 | 4.77 | -2.88 |
| A | 9.54 | 11.62 | -2.07 |
| BBB | 15.73 | 32.86 | -17.13 |
| BB | 8.74 | 19.88 | -11.14 |
| B | 4.14 | 17.79 | -13.64 |
| CCC | 1.74 | 11.50 | -9.75 |
| Rest | 58.20 | 1.54 | 56.66 |

Portfolio 
Benchmark 