OVHaiLLM/Flipper huggingface dataset:
# Performance overview
## since 01.05.2019, in %

## Annualized risk, in %
|  | 1 months | 3 months | 1 year | 3 years | 5 years | ITD |  | 1 year | 3 years | 5 years | ITD |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio net | -2.29 | -2.95 | -15.36 | -7.24 | n/a | -4.25 |  | 10.95 | 7.60 | n/a | 7.19 |
| Benchmark | -2.27 | -2.83 | -15.14 | -7.01 | n/a | -3.98 |  | 10.93 | 7.55 | n/a | 7.15 |
| Relative net | -0.01 | -0.12 | -0.22 | -0.23 | n/a | -0.27 |  | 0.20 | 0.18 | n/a | 0.18 |

| Performance overview - yearly since 01.05.2019, in % | 2019 | 2020 | 2021 | 2022 | 2023 | ITD |
| --- | --- | --- | --- | --- | --- | --- |
| Portfolio net | 2.92 | 5.11 | -3.39 | -19.21 | 0.26 | -15.34 |
| Benchmark | 3.18 | 5.31 | -3.11 | -18.98 | 0.31 | -14.43 |
| Relative net | -0.26 | -0.20 | -0.28 | -0.23 | -0.06 | -0.91 |

Translation (ENDE, 2023-02-28):
# Performance-Übersicht
## Seit 01.05.2019, in %

## Annualisiertes Risiko, in %
|  | 1 Monate | 3 Monate | 1 Jahr | 3 Jahre | 5 Jahre | ITD |  | 1 Jahr | 3 Jahre | 5 Jahre | ITD |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio netto | -2.29 | -2.95 | -15.36 | -7.24 | n.a. | -4.25 |  | 10.95 | 7.60 | n.a. | 7.19 |
| Benchmark | -2.27 | -2.83 | -15.14 | -7.01 | n.a. | -3.98 |  | 10.93 | 7.55 | n.a. | 7.15 |
| Relativ netto | -0.01 | -0.12 | -0.22 | -0.23 | n.a. | -0.27 |  | 0.20 | 0.18 | n.a. | 0.18 |

| Performance-Übersicht – jährlich Seit 01.05.2019, in % | 2019 | 2020 | 2021 | 2022 | 2023 | ITD |
| --- | --- | --- | --- | --- | --- | --- |
| Portfolio netto | 2.92 | 5.11 | -3.39 | -19.21 | 0.26 | -15.34 |
| Benchmark | 3.18 | 5.31 | -3.11 | -18.98 | 0.31 | -14.43 |
| Relativ netto | -0.26 | -0.20 | -0.28 | -0.23 | -0.06 | -0.91 |
# Asset breakdown by Barclays rating
## In % of total economic exposure
Benchmark 

## Portfolio Benchmark	
Portfolio 
| AAA | 30.26 | 28.09 |  |
| --- | --- | --- | --- |
| AA+ | 2.30 | 2.67 |  |
| AA | 9.75 | 8.74 |  |
| AA- | 11.25 | 10.22 |  |
| A+ | 4.91 | 4.32 |  |
| A | 4.44 | 5.01 |  |
| A- | 13.45 | 11.74 |  |
| BBB+ | 12.12 | 10.55 |  |
| BBB | 13.28 | 11.81 |  |
| Others | -1.77 | 6.85 |  |  |
|  |

Translation (ENDE, 2023-02-28):
# Vermögensstruktur nach Barclays Rating
## In % des Exposures
Benchmark 

## Portfolio Benchmark	
Portfolio 
# Asset breakdown by Barclays Four Pillar Sectors
## In % of total economic exposure
Benchmark 

## Portfolio Benchmark	
Portfolio 
| Germany | 16.12 | 14.57 |  |
| --- | --- | --- | --- |
| France | 14.32 | 13.10 |  |
| Supranational | 11.92 | 10.75 |  |
| United States | 9.08 | 7.83 |  |
| Netherlands | 7.79 | 7.04 |  |
| Others | 40.77 | 46.70 |  |

Translation (ENDE, 2023-02-28):
# Vermögensstruktur nach Barclays Sektor
## In % des Exposures
Benchmark 

## Portfolio Benchmark	
Portfolio 
| Staatsnahe Schuldner | 20.67 | 20.81 |
| --- | --- | --- |
| Staatsanleihen | 19.59 | 17.79 |
| Supranational | 12.04 | 10.93 |
| Versorger | 11.32 | 10.22 |
| Lokalbehörden | 7.59 | 6.98 |
| Industrie | 4.88 | 3.74 |

Benchmark 

## Portfolio Benchmark	
Portfolio 
| Deutschland | 16.12 | 14.57 |  |
| --- | --- | --- | --- |
| Frankreich | 14.32 | 13.10 |  |
| Supranational | 11.92 | 10.75 |  |
| USA | 9.08 | 7.83 |  |
| Niederlande | 7.79 | 7.04 |  |
| Rest | 40.77 | 46.70 |  |
# Performance overview - monthly & YTD
## since 01.01.2022, in %
|  | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio net | -4.85 | -6.66 | -0.26 | -1.47 | -0.16 | -9.04 | 8.70 | -6.11 |  |  |  |  | -19.11 |
| Benchmark | -3.14 | -6.93 | -0.19 | -1.72 | 0.51 | -8.65 | 7.05 | -5.06 |  |  |  |  | -17.47 |
| Relative net | -1.71 | 0.27 | -0.08 | 0.24 | -0.67 | -0.39 | 1.65 | -1.05 |  |  |  |  | -1.64 |

Translation (ENDE, 2022-08-31):
# Performance-Übersicht – monatlich & YTD
## Seit 01.01.2022, in %
|  | Jan | Feb | Mrz | Apr | Mai | Jun | Jul | Aug | Sep | Okt | Nov | Dez | YTD |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio netto | -4.85 | -6.66 | -0.26 | -1.47 | -0.16 | -9.04 | 8.70 | -6.11 |  |  |  |  | -19.11 |
| Benchmark | -3.14 | -6.93 | -0.19 | -1.72 | 0.51 | -8.65 | 7.05 | -5.06 |  |  |  |  | -17.47 |
| Relativ netto | -1.71 | 0.27 | -0.08 | 0.24 | -0.67 | -0.39 | 1.65 | -1.05 |  |  |  |  | -1.64 |
# Performance overview
## since 01.05.2019, in %

## Annualized risk, in %
|  | 1 months | 3 months | 1 year | 3 years | 5 years | ITD |  | 1 year | 3 years | 5 years | ITD |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio net | -2.41 | 0.86 | -7.94 | -4.87 | n/a | -1.92 |  | 14.28 | 13.63 | n/a | 12.30 |
| Benchmark | -2.39 | 0.98 | -8.85 | -5.24 | n/a | -2.21 |  | 14.32 | 13.70 | n/a | 12.37 |
| Relative net | -0.02 | -0.12 | 0.91 | 0.37 | n/a | 0.29 |  | 0.67 | 0.41 | n/a | 0.37 |

| Performance overview - yearly since 01.05.2019, in % | 2019 | 2020 | 2021 | 2022 | 2023 | ITD |
| --- | --- | --- | --- | --- | --- | --- |
| Portfolio net | 7.29 | 5.27 | -1.79 | -16.87 | 0.68 | -7.17 |
| Benchmark | 7.30 | 5.26 | -1.80 | -17.78 | 0.66 | -8.22 |
| Relative net | -0.01 | 0.01 | 0.01 | 0.91 | 0.02 | 1.04 |

Until 01.12.2022, the Fund had different characteristics and performance was achieved under circumstances that no longer apply. Repositioning as per 01.12.2022 (Old Fund name: CSIF (Lux) Bond Government Emerging Markets USD).

Translation (ENDE, 2023-02-28):
# Performance-Übersicht
## Seit 01.05.2019, in %

## Annualisiertes Risiko, in %
|  | 1 Monate | 3 Monate | 1 Jahr | 3 Jahre | 5 Jahre | ITD |  | 1 Jahr | 3 Jahre | 5 Jahre | ITD |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio netto | -2.41 | 0.86 | -7.94 | -4.87 | n.a. | -1.92 |  | 14.28 | 13.63 | n.a. | 12.30 |
| Benchmark | -2.39 | 0.98 | -8.85 | -5.24 | n.a. | -2.21 |  | 14.32 | 13.70 | n.a. | 12.37 |
| Relativ netto | -0.02 | -0.12 | 0.91 | 0.37 | n.a. | 0.29 |  | 0.67 | 0.41 | n.a. | 0.37 |

| Performance-Übersicht – jährlich Seit 01.05.2019, in % | 2019 | 2020 | 2021 | 2022 | 2023 | ITD |
| --- | --- | --- | --- | --- | --- | --- |
| Portfolio netto | 7.29 | 5.27 | -1.79 | -16.87 | 0.68 | -7.17 |
| Benchmark | 7.30 | 5.26 | -1.80 | -17.78 | 0.66 | -8.22 |
| Relativ netto | -0.01 | 0.01 | 0.01 | 0.91 | 0.02 | 1.04 |

Bis 01.12.2022 wies der Fonds andere Eigenschaften auf, und die Performance wurde unter Bedingungen erzielt, die nicht mehr gegeben sind. Neuausrichtung per 01.12.2022 (Früherer Fondsname: CSIF (Lux) Bond Government Emerging Markets USD).
# Fund statistics 2)
## 3 years	5 years

## Ongoing charge	1.66%

## Benchmark (BM)	No Benchmark Swinging single pricing (SSP) 
3)			

## Yes Unit class		Category BH

## (capital growth)

## Unit class currency	EUR

## ISIN number	LU1394299827

## Bloomberg ticker	CSLABHE LX

## WKN number	A2ANAZ

## Net Asset Value123.49

Translation (ENDE, 2021-09-30):
# Fondsstatistik 2)
3 Jahre	5 Jahre
Swinging single pricing (SSP) 
3)	
Ja
Anlageklasse	Tranche BH
(thesaurierend)
Währung der Anteilklasse	EUR
ISIN	LU1394299827
Bloomberg Ticker	CSLABHE LX
WKN	A2ANAZ
Nettoinventarwert	123,49
| Key risk figures |  |  |  | Key risk figures |  |
| --- | --- | --- | --- | --- | --- |
|  | Portfolio | Benchmark |  |  | Portfolio | Benchmark |
| Delta | 44.7% | 47.7% |  | Linear weighted average credit rating | BB+ | BB+ |
| Bond Floor | 88.17% | 85.58% |  | Modified duration | 2.96 | 2.99 |
| Number of securities | 127 | 217 |  | Current yield | 0.66% | 0.72% |
|  |  |  |  |  |  |  |

Translation (ENDE, 2022-08-31):
| Risikokennzahlen |  |  |  | Risikokennzahlen |  |
| --- | --- | --- | --- | --- | --- |
|  | Portfolio | Benchmark |  |  | Portfolio | Benchmark |
| Delta | 44.7% | 47.7% |  | Linear gewichtetes durchschnittliches Bonitätsrating | BB+ | BB+ |
| Bond Floor | 88.17% | 85.58% |  | Modified Duration | 2.96 | 2.99 |
| Anzahl Titel | 127 | 217 |  | Current yield | 0.66% | 0.72% |
|  |  |  |  |  |  |  |
| Top 10 positions |  |
| --- | --- |
| In % of total economic exposure Instrument Name | ISIN | Maturity date | Weight |
| CELLNEX TELECOM SA | XS2021212332 | 05.07.2028 | 2.35% |
| ELM BV | XS1592282740 | 13.06.2024 | 1.95% |
| FORD MOTOR COMPANY | US345370CZ16 | 15.03.2026 | 1.78% |
| SPLUNK INC | US848637AD65 | 15.09.2025 | 1.76% |
| VEOLIA ENVIRONNEMENT SA | FR0013444148 | 01.01.2025 | 1.70% |
| MONDELEZ INTERNATIONAL HOLDINGS NE | XS2388456456 | 20.09.2024 | 1.56% |
| BP CAPITAL MARKETS PLC | XS1410519976 | 28.04.2023 | 1.53% |
| OKTA INC | US679295AF24 | 15.06.2026 | 1.38% |
| BHARTI AIRTEL LTD | USY0889VAB63 | 17.02.2025 | 1.37% |
| SAFRAN SA | FR0013513041 | 15.05.2027 | 1.32% |

Translation (ENDE, 2022-08-31):
| 10 grösste Positionen |  |
| --- | --- |
| in % des Exposures Wertschriftenname | ISIN | Fälligkeitstag | Gewichtung |
| CELLNEX TELECOM SA | XS2021212332 | 05.07.2028 | 2.35% |
| ELM BV | XS1592282740 | 13.06.2024 | 1.95% |
| FORD MOTOR COMPANY | US345370CZ16 | 15.03.2026 | 1.78% |
| SPLUNK INC | US848637AD65 | 15.09.2025 | 1.76% |
| VEOLIA ENVIRONNEMENT SA | FR0013444148 | 01.01.2025 | 1.70% |
| MONDELEZ INTERNATIONAL HOLDINGS NE | XS2388456456 | 20.09.2024 | 1.56% |
| BP CAPITAL MARKETS PLC | XS1410519976 | 28.04.2023 | 1.53% |
| OKTA INC | US679295AF24 | 15.06.2026 | 1.38% |
| BHARTI AIRTEL LTD | USY0889VAB63 | 17.02.2025 | 1.37% |
| SAFRAN SA | FR0013513041 | 15.05.2027 | 1.32% |
# Gross Performance in CHF 2)
1 month 3 months	YTD	1 year	3 years	5 years
Fund	-0.35	0.40	1.23	3.30	3.19	-0.06
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 2021 | -0.01 | 1.55 | -1.94 | 1.92 | -0.64 | 0.84 | -0.09 | -0.35 | - | - | - | - | 1.23 |
| 2020 | 0.51 | -1.12 | -4.69 | 2.83 | 0.96 | 1.45 | 1.49 | 0.42 | -0.53 | -0.55 | 1.42 | 1.71 | 3.76 |
| 2019 | 1.20 | 0.71 | 0.41 | 0.13 | -0.88 | 0.33 | 0.32 | -0.86 | 0.16 | -0.17 | 0.44 | -0.18 | 1.59 |
| 2018 | 1.01 | -1.00 | -0.68 | 0.04 | -0.18 | -0.48 | -0.51 | -0.67 | -0.31 | -2.23 | -0.43 | -0.36 | -5.66 |
| 2017 | -0.16 | 0.21 | 0.35 | 0.70 | 0.15 | 0.23 | 0.30 | 0.23 | 0.20 | 1.16 | -0.39 | -0.03 | 2.31 |
| 2016 | -1.80 | -1.35 | -0.45 | -0.24 | -0.17 | -2.14 | 0.81 | -0.27 | -0.12 | -0.51 | -2.01 | -0.35 | -8.31 |
| 2015 | 0.69 | 0.55 | 1.13 | -0.02 | 0.42 | -0.44 | -0.89 | -2.51 | -1.72 | 0.58 | 0.40 | -0.24 | -2.09 |
| 2014 | 0.02 | 1.21 | -1.07 | -1.60 | 0.73 | 0.13 | 0.13 | 0.27 | 0.29 | -0.66 | 1.43 | 0.49 | 1.34 |
| 2013 | 1.25 | 0.09 | 0.97 | 0.28 | 1.27 | -1.89 | 1.40 | -1.05 | 0.96 | 0.87 | 0.79 | 0.46 | 5.46 |
| 2012 | 0.56 | 1.60 | 0.36 | -0.23 | -1.24 | -0.26 | 0.57 | 0.17 | -0.27 | -0.45 | 0.17 | 0.75 | 1.72 |
| 2011 | -0.13 | 0.60 | -0.57 | 0.73 | -0.77 | -0.99 | 0.57 | -2.21 | -0.78 | -0.05 | -0.51 | -0.23 | -4.29 |
| 2010 | - | - | - | - | - | - | - | 0.21 | 0.89 | 0.72 | -0.66 | 0.64 | - |

Translation (ENDE, 2021-08-31):
# Bruttowertentwicklung in CHF unter Berücksichtigung interner Kosten 2)
1 Monat 3 Monate	YTD	1 Jahr	3 Jahre	5 Jahre
Fonds	-0,35	0,40	1,23	3,30	3,19   -0,06
| Fondsleitung | Credit Suisse Fund Management | Jahr | Jan | Feb | Mrz | Apr | Mai | Jun | Jul | Aug | Sep | Okt | Nov | Dez | YTD |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | S.A. | 2021 | -0,01 | 1,55 | -1,94 | 1,92 | -0,64 | 0,84 | -0,09 | -0,35 | - | - | - | - | 1,23 |
# Asset breakdown - by combined rating
## In % of total economic exposure
| A+	0.79 |  |
| --- | --- |
| A	1.10 |  |
| A-	0.29 |  |
| BBB+	0.98 |  |
| BBB	4.95 |  |  |
| BBB-	18.08 |  |  |
| BB+	28.80 |  |  |
| BB	15.90 |  |  |
| BB-	13.92 |  |  |
| B+	7.60 |  |  |
| B	3.04 |  |  |
| B-	1.87 |  |  |
| CCC+	0.76 |  |
| Cash & FX	1.13 |  |
| Swap	0.78 |  |


## in %	
Portfolio 

Translation (ENDE, 2022-08-31):
# Vermögensstruktur - nach kombiniertem Rating
## in % des Exposures
| A+	0.79 |  |
| --- | --- |
| A	1.10 |  |
| A-	0.29 |  |
| BBB+	0.98 |  |
| BBB	4.95 |  |  |
| BBB-	18.08 |  |  |
| BB+	28.80 |  |  |
| BB	15.90 |  |  |
| BB-	13.92 |  |  |
| B+	7.60 |  |  |
| B	3.04 |  |  |
| B-	1.87 |  |  |
| CCC+	0.76 |  |
| Cash und FX	1.13 |  |
| Swap	0.78 |  |


## in %	
Portfolio 
# Asset breakdown - by WAL bucket
## In % of total economic exposure

## in %	
Portfolio 
| < 1yr	3.34 |  |  |
| --- | --- | --- |
| 1-3 yrs	3.03 |  |  |
| 3-5 yrs	16.42 |  |  |
| 5-7 yrs	8.45 |  |  |
| 7-10 yrs	4.57 |  |  |
| >15 yrs	64.18 |  |  |

Translation (ENDE, 2022-08-31):
# Vermögensstruktur - nach WAL Bucket
## in % des Exposures

## in %	
Portfolio 
| < 1 Jahr	3.34 |  |  |
| --- | --- | --- |
| 1-3 Jahre	3.03 |  |  |
| 3-5 Jahre	16.42 |  |  |
| 5-7 Jahre	8.45 |  |  |
| 7-10 Jahre	4.57 |  |  |
| >15 Jahre	64.18 |  |  |
# Asset breakdown - by risk currency (before hedging)
## In % of total economic exposure
Benchmark 

## Portfolio Benchmark	
Portfolio 

Translation (ENDE, 2022-08-31):
# Vermögensstruktur - nach Risiko-Währung (vor Währungsabsicherung)
## in % des Exposures
Benchmark 
| Finanzwerte | 50.60 | 49.14 |
| --- | --- | --- |
| Technologie | 7.03 | 6.24 |
| Staatsanleihen | 6.30 | - |
| Gesundheitswesen | 5.89 | 6.19 |
| Öl und Gas | 4.81 | 6.49 |
| Konsumgüter | 4.67 | 8.60 |
| Industrie | 4.36 | 7.31 |
| Telekommunikation | 4.10 | 1.34 |
| Konsumservice | 3.51 | 5.53 |


## Portfolio Benchmark	
Portfolio 
# Asset breakdown
by currency risk, in % of total economic exposure
Portfolio	Benchmark
| USD | 100.00 | 100.00 |  |
| --- | --- | --- | --- |
| CAD | 0.00 | 0.00 |  |

Total	100.00	100.00

Translation (ENDE, 2020-09-30):
# Vermögensaufteilung
nach Branchen, in % des wirtschaftlichen Gesamtexposure
Portfolio	Benchmark
| Informationstechnologie | 28,76 | 28,75 |  |
| --- | --- | --- | --- |
| Gesundheitswesen | 14,10 | 14,08 |  |
| Zyklische Konsumgüter | 12,18 | 12,20 |  |
| Kommunikationsdienste | 10,69 | 10,67 |  |
| Finanzwesen | 9,46 | 9,36 |  |
| Industrie | 7,90 | 8,14 |  |
| Nichtzyklische Konsumgüter | 6,70 | 6,68 |  |
| Sonstige | 10,21 | 10,12 |  |

Gesamt	100,00	100,00
# Asset breakdown
by country risk, in % of total economic exposure
Portfolio	Benchmark
| United States | 99.92 | 99.99 |  |
| --- | --- | --- | --- |
| Liquid Assets | 0.26 | 0.01 |  |
| Derivatives Liquidity Effect | -0.18 | 0.00 |  |

Total	100.00	100.00

Translation (ENDE, 2020-09-30):
# Vermögensaufteilung
nach Länderrisiko, in % des wirtschaftlichen Gesamtexposure
Portfolio	Benchmark
| Vereinigte Staaten von Amerika | 99,92 | 99,99 |  |
| --- | --- | --- | --- |
| Flüssige Mittel | 0,26 | 0,01 |  |
| Liquiditätseffekt Derivate | -0,18 | 0,00 |  |

Gesamt	100,00	100,00
| Fund information |
| --- |
| 2,266,073,705.54 Fund total net assets in USD |
| Share class TNA USD 2266.07m | NAV USD  127.14 | Issue price at inception USD  100.00 |

Translation (ENDE, 2020-09-30):
| Fondsinformationen |
| --- |
| 2’266’073’705.54 Gesamtnettovermögen des Fonds in USD |
| Gesamtnettovermögen Anteilsklasse USD 2266.07m | NAV USD  127.14 | Emissionskurs  USD  100.00 |
|  | Weight | GICS sector |
| --- | --- | --- |
| APPLE INC | 6.71% | Information Technology |
| MICROSOFT CORP | 5.07% | Information Technology |
| AMAZON COM INC | 4.46% | Consumer Discretionary |
| FACEBOOK CLASS A INC | 2.10% | Communication Services |
| ALPHABET INC CLASS C | 1.49% | Communication Services |
| ALPHABET INC CLASS A | 1.47% | Communication Services |
| JOHNSON & JOHNSON | 1.32% | Health Care |
| PROCTER & GAMBLE | 1.16% | Consumer Staples |
| VISA INC CLASS A | 1.13% | Information Technology |
| NVIDIA CORP | 1.11% | Information Technology |

Translation (ENDE, 2020-09-30):
|  | Gewichtung | GICS-Sektor |
| --- | --- | --- |
| APPLE INC | 6,71 % | Informationstechnologie |
| MICROSOFT CORP | 5,07 % | Informationstechnologie |
| AMAZON COM INC | 4,46 % | Zyklische Konsumgüter |
| FACEBOOK CLASS A INC | 2,10 % | Kommunikationsdienste |
| ALPHABET INC CLASS C | 1,49 % | Kommunikationsdienste |
| ALPHABET INC CLASS A | 1,47 % | Kommunikationsdienste |
| JOHNSON & JOHNSON | 1,32 % | Gesundheitswesen |
| PROCTER & GAMBLE | 1,16 % | Nichtzyklische Konsumgüter |
| VISA INC CLASS A | 1,13 % | Informationstechnologie |
| NVIDIA CORP | 1,11 % | Informationstechnologie |
# Investment Policy
The aim of the fund is to generate the highest possible risk-adjusted return in the long term through diversified investments in commodity related instruments globally. The Fund invests mainly in investment funds, structured products, derivatives and other securities to gain exposure to commodities markets.
Past performance does not predict future returns. Neither simulated nor historical performance is a reliable indicator for current or future performance.

Translation (ENDE, 2023-02-28):
# Anlagepolitik
Ziel des Fonds ist es, mit weltweit diversifizierten Anlagen in Instrumente mit Rohstoffbezug langfristig die höchstmögliche risikoadjustierte Rendite zu erzielen. Der Fonds legt in erster Linie in Anlagefonds, strukturierte Produkte, Derivate und andere Wertpapiere an, um eine Ausrichtung auf die Rohstoffmärkte zu erhalten
Die historische Wertentwicklung ist kein Indikator für die zukünftige Rendite. Weder die simulierte noch die historische Wertentwicklung ist ein zuverlässiger Indikator für aktuelle oder zukünftige Wertentwicklung.
# Performance overview - yearly
since 01.08.2014, in %
|  | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio net | -18.18 | -24.77 | 11.06 | 2.14 | -11.84 | 7.25 | -0.46 | 27.84 | 14.49 | -5.36 |
| Benchmark | -18.43 | -24.66 | 11.77 | 1.70 | -11.25 | 7.69 | -3.12 | 27.11 | 16.09 | -5.17 |
| Relative net | 0.25 | -0.12 | -0.70 | 0.44 | -0.59 | -0.44 | 2.67 | 0.73 | -1.60 | -0.20 |

Translation (ENDE, 2023-02-28):
# Performance-Übersicht – jährlich
## Seit 01.08.2014, in %
|  | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio netto | -18.18 | -24.77 | 11.06 | 2.14 | -11.84 | 7.25 | -0.46 | 27.84 | 14.49 | -5.36 |
| Benchmark | -18.43 | -24.66 | 11.77 | 1.70 | -11.25 | 7.69 | -3.12 | 27.11 | 16.09 | -5.17 |
| Relativ netto | 0.25 | -0.12 | -0.70 | 0.44 | -0.59 | -0.44 | 2.67 | 0.73 | -1.60 | -0.20 |
# Performance overview
## since 01.02.2020, in %

## Annualized risk, in %
|  | 1 months | 3 months | 1 year | 3 years | 5 years | ITD |  | 1 year | 3 years | 5 years | ITD |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio net | -3.24 | -0.48 | -12.61 | -5.35 | n/a | -4.89 |  | 11.77 | 9.66 | n/a | 9.56 |
| Benchmark | -3.19 | -0.27 | -12.70 | -5.29 | n/a | -4.80 |  | 11.57 | 9.37 | n/a | 9.29 |
| Relative net | -0.05 | -0.21 | 0.09 | -0.06 | n/a | -0.09 |  | 0.75 | 0.56 | n/a | 0.56 |

| Performance overview - yearly since 01.02.2020, in % | 2020 | 2021 | 2022 | 2023 | ITD |
| --- | --- | --- | --- | --- | --- |
| Portfolio net | 5.52 | -1.91 | -17.38 | 0.20 | -14.32 |
| Benchmark | 5.86 | -1.81 | -17.55 | 0.27 | -14.07 |
| Relative net | -0.34 | -0.10 | 0.17 | -0.07 | -0.25 |

Translation (ENDE, 2023-02-28):
# Performance-Übersicht
## Seit 01.02.2020, in %

## Annualisiertes Risiko, in %
|  | 1 Monate | 3 Monate | 1 Jahr | 3 Jahre | 5 Jahre | ITD |  | 1 Jahr | 3 Jahre | 5 Jahre | ITD |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio netto | -3.24 | -0.48 | -12.61 | -5.35 | n.a. | -4.89 |  | 11.77 | 9.66 | n.a. | 9.56 |
| Benchmark | -3.19 | -0.27 | -12.70 | -5.29 | n.a. | -4.80 |  | 11.57 | 9.37 | n.a. | 9.29 |
| Relativ netto | -0.05 | -0.21 | 0.09 | -0.06 | n.a. | -0.09 |  | 0.75 | 0.56 | n.a. | 0.56 |

| Performance-Übersicht – jährlich Seit 01.02.2020, in % | 2020 | 2021 | 2022 | 2023 | ITD |
| --- | --- | --- | --- | --- | --- |
| Portfolio netto | 5.52 | -1.91 | -17.38 | 0.20 | -14.32 |
| Benchmark | 5.86 | -1.81 | -17.55 | 0.27 | -14.07 |
| Relativ netto | -0.34 | -0.10 | 0.17 | -0.07 | -0.25 |
# Asset breakdown by duration bucket
## In % of total economic exposure
Benchmark 

## Portfolio Benchmark	
Portfolio 
| <1 year | 5.07 | 0.85 |  |  |
| --- | --- | --- | --- | --- |
|  |
| 1-3 years | 25.07 | 25.11 |  |
| 3-5 years | 19.05 | 21.26 |  |
| 5-7 years | 14.17 | 14.50 |  |
| 7-10 years | 11.92 | 13.07 |  |
| >10 years | 24.72 | 25.21 |  |

Translation (ENDE, 2023-02-28):
# Vermögensstruktur nach Laufzeiten Bucket
## In % des Exposures
Benchmark 

## Portfolio Benchmark	
Portfolio 
| <1 Jahr | 5.07 | 0.85 |  |  |
| --- | --- | --- | --- | --- |
|  |
| 1-3 Jahre | 25.07 | 25.11 |  |
| 3-5 Jahre | 19.05 | 21.26 |  |
| 5-7 Jahre | 14.17 | 14.50 |  |
| 7-10 Jahre | 11.92 | 13.07 |  |
| >10 Jahre | 24.72 | 25.21 |  |
# Asset breakdown by Barclays rating
## In % of total economic exposure
Benchmark 

## Portfolio Benchmark	
Portfolio 
| AAA | 1.09 | 1.14 |  |
| --- | --- | --- | --- |
| AA+ | 0.99 | 1.25 |  |
| AA | 1.00 | 1.40 |  |
| AA- | 3.56 | 4.75 |  |
| A+ | 9.85 | 11.01 |  |
| A | 13.69 | 14.65 |  |
| A- | 15.01 | 16.17 |  |
| BBB+ | 18.04 | 17.11 |  |
| BBB | 19.21 | 19.00 |  |
| Others | 17.56 | 13.52 |  |

Translation (ENDE, 2023-02-28):
# Vermögensstruktur nach Barclays Rating
## In % des Exposures
Benchmark 

## Portfolio Benchmark	
Portfolio 
| AAA | 1.09 | 1.14 |  |
| --- | --- | --- | --- |
| AA+ | 0.99 | 1.25 |  |
| AA | 1.00 | 1.40 |  |
| AA- | 3.56 | 4.75 |  |
| A+ | 9.85 | 11.01 |  |
| A | 13.69 | 14.65 |  |
| A- | 15.01 | 16.17 |  |
| BBB+ | 18.04 | 17.11 |  |
| BBB | 19.21 | 19.00 |  |
| Rest | 17.56 | 13.52 |  |
# Asset breakdown by Barclays Four Pillar Sectors
## In % of total economic exposure
Benchmark 

## Portfolio Benchmark	
Portfolio 
| Financial Institutions | 35.64 | 37.13 |
| --- | --- | --- |
| Utility | 7.71 | 8.09 |
| Cash | 6.58 | - |
| FX | -2.55 | -0.02 |

| United States | 70.31 | 69.68 |  |
| --- | --- | --- | --- |
| Cash | 6.58 | - |  |  |
|  |
| United Kingdom | 5.26 | 5.77 |  |
| Canada | 4.03 | 3.35 |  |
| Japan | 2.89 | 3.43 |  |
|  |
| Others | 10.93 | 17.77 |  |

Translation (ENDE, 2023-02-28):
# Vermögensstruktur nach Barclays Sektor
## In % des Exposures
Benchmark 

## Portfolio Benchmark	
Portfolio 
| Industrie | 52.62 | 54.80 |  |
| --- | --- | --- | --- |
| Finanzinstitute | 35.64 | 37.13 |  |
| Versorger | 7.71 | 8.09 |  |
| Liquidität | 6.58 | - |  |  |
|  |
| Devisen | -2.55 | -0.02 |  |

Benchmark 

## Portfolio Benchmark	
Portfolio 
| USA | 70.31 | 69.68 |  |
| --- | --- | --- | --- |
| Liquidität | 6.58 | - |  |  |
|  |
| Grossbritannien | 5.26 | 5.77 |  |
| Kanada | 4.03 | 3.35 |  |
| Japan | 2.89 | 3.43 |  |
|  |
| Rest | 10.93 | 17.77 |  |
# Gross performance in USD (rebased to 100) and Performance in %
Past performance does not predict future returns. Neither simulated nor historical performance is a reliable indicator for current or future performance.
135
jor part of the assets of the Subfund shall be invested in debt instruments, bonds, notes, and similar fixed in-terest or floating-rate securities (including securi- ties issued on a discount basis) of corporate issuers in the non-investment grade sector.

Translation (ENDE, 2022-08-31):
# Bruttowertentwicklung in USD (zurückgesetzt auf Basis 100) und Wertentwicklung in %
Die historische Wertentwicklung ist kein Indikator für die zukünftige Rendite. Weder die simulierte noch die historische Wertentwicklung ist ein zuverlässiger Indikator für aktuelle oder zukünftige Wertentwicklung.
135
Schuldtitel, Anleihen, Notes und ähnliche fest- und variabel verzinsliche Wertpapiere (inkl. Wertpapiere mit Emissionsdisagio) von Unternehmensemittenten im Non-Investment-Grade-Sektor investiert.